id	sid	tid	token	lemma	pos
fbem-14773	1	1	frontiers	frontier	NOUN
fbem-14773	1	2	in	in	ADP
fbem-14773	1	3	business	business	NOUN
fbem-14773	1	4	,	,	PUNCT
fbem-14773	1	5	economics	economic	NOUN
fbem-14773	1	6	and	and	CCONJ
fbem-14773	1	7	management	management	NOUN
fbem-14773	1	8	issn	issn	PROPN
fbem-14773	1	9	:	:	PUNCT
fbem-14773	1	10	2766	2766	NUM
fbem-14773	1	11	-	-	PUNCT
fbem-14773	1	12	824x	824x	NUM
fbem-14773	1	13	|	|	ADJ
fbem-14773	1	14	vol	vol	NOUN
fbem-14773	1	15	.	.	PROPN
fbem-14773	2	1	12	12	NUM
fbem-14773	2	2	,	,	PUNCT
fbem-14773	2	3	no	no	INTJ
fbem-14773	2	4	.	.	NOUN
fbem-14773	2	5	2	2	NUM
fbem-14773	2	6	,	,	PUNCT
fbem-14773	2	7	2023	2023	NUM
fbem-14773	2	8	124	124	NUM
fbem-14773	2	9	customer	customer	NOUN
fbem-14773	2	10	relationship	relationship	NOUN
fbem-14773	2	11	and	and	CCONJ
fbem-14773	2	12	corporate	corporate	ADJ
fbem-14773	2	13	financial	financial	ADJ
fbem-14773	2	14	asset	asset	NOUN
fbem-14773	2	15	allocation	allocation	NOUN
fbem-14773	2	16	:	:	PUNCT
fbem-14773	2	17	evidence	evidence	NOUN
fbem-14773	2	18	from	from	ADP
fbem-14773	2	19	china	china	PROPN
fbem-14773	2	20	yifan	yifan	PROPN
fbem-14773	2	21	pan1	pan1	PROPN
fbem-14773	2	22	,	,	PUNCT
fbem-14773	2	23	qiyuan	qiyuan	ADJ
fbem-14773	2	24	li1	li1	NOUN
fbem-14773	2	25	,	,	PUNCT
fbem-14773	2	26	yuchong	yuchong	ADJ
fbem-14773	2	27	hu1	hu1	PROPN
fbem-14773	2	28	,	,	PUNCT
fbem-14773	2	29	*	*	PUNCT
fbem-14773	2	30	,	,	PUNCT
fbem-14773	2	31	peishen	peishen	ADJ
fbem-14773	2	32	chen2	chen2	NOUN
fbem-14773	3	1	1international	1international	NUM
fbem-14773	3	2	business	business	NOUN
fbem-14773	3	3	college	college	NOUN
fbem-14773	3	4	,	,	PUNCT
fbem-14773	3	5	dongbei	dongbei	NOUN
fbem-14773	3	6	university	university	PROPN
fbem-14773	3	7	of	of	ADP
fbem-14773	3	8	finance	finance	NOUN
fbem-14773	3	9	and	and	CCONJ
fbem-14773	3	10	economics	economic	NOUN
fbem-14773	3	11	,	,	PUNCT
fbem-14773	3	12	dalian	dalian	PROPN
fbem-14773	3	13	,	,	PUNCT
fbem-14773	3	14	china	china	PROPN
fbem-14773	3	15	2school	2school	NUM
fbem-14773	3	16	of	of	ADP
fbem-14773	3	17	management	management	NOUN
fbem-14773	3	18	,	,	PUNCT
fbem-14773	3	19	shenzhen	shenzhen	PROPN
fbem-14773	3	20	university	university	PROPN
fbem-14773	3	21	,	,	PUNCT
fbem-14773	3	22	guangdong	guangdong	PROPN
fbem-14773	3	23	,	,	PUNCT
fbem-14773	3	24	china	china	PROPN
fbem-14773	3	25	*	*	PUNCT
fbem-14773	3	26	corresponding	correspond	VERB
fbem-14773	3	27	author	author	NOUN
fbem-14773	3	28	s	s	PART
fbem-14773	3	29	email	email	NOUN
fbem-14773	3	30	:	:	PUNCT
fbem-14773	3	31	1368363199@qq.com	1368363199@qq.com	NUM
fbem-14773	3	32	abstract	abstract	NOUN
fbem-14773	3	33	:	:	PUNCT
fbem-14773	3	34	currently	currently	ADV
fbem-14773	3	35	,	,	PUNCT
fbem-14773	3	36	the	the	DET
fbem-14773	3	37	government	government	NOUN
fbem-14773	3	38	regards	regard	VERB
fbem-14773	3	39	preventing	prevent	VERB
fbem-14773	3	40	the	the	DET
fbem-14773	3	41	risk	risk	NOUN
fbem-14773	3	42	of	of	ADP
fbem-14773	3	43	the	the	DET
fbem-14773	3	44	real	real	ADJ
fbem-14773	3	45	economy	economy	NOUN
fbem-14773	3	46	“	"	PUNCT
fbem-14773	3	47	de	de	X
fbem-14773	3	48	-	-	ADJ
fbem-14773	3	49	realizing	realizing	ADJ
fbem-14773	3	50	and	and	CCONJ
fbem-14773	3	51	virtualizing	virtualizing	NOUN
fbem-14773	3	52	”	"	PUNCT
fbem-14773	3	53	as	as	ADP
fbem-14773	3	54	the	the	DET
fbem-14773	3	55	main	main	ADJ
fbem-14773	3	56	part	part	NOUN
fbem-14773	3	57	of	of	ADP
fbem-14773	3	58	the	the	DET
fbem-14773	3	59	economic	economic	ADJ
fbem-14773	3	60	work	work	NOUN
fbem-14773	3	61	,	,	PUNCT
fbem-14773	3	62	in	in	ADP
fbem-14773	3	63	order	order	NOUN
fbem-14773	3	64	to	to	PART
fbem-14773	3	65	prevent	prevent	VERB
fbem-14773	3	66	the	the	DET
fbem-14773	3	67	market	market	NOUN
fbem-14773	3	68	risk	risk	NOUN
fbem-14773	3	69	brought	bring	VERB
fbem-14773	3	70	by	by	ADP
fbem-14773	3	71	the	the	DET
fbem-14773	3	72	excessive	excessive	ADJ
fbem-14773	3	73	financialization	financialization	NOUN
fbem-14773	3	74	of	of	ADP
fbem-14773	3	75	enterprises	enterprise	NOUN
fbem-14773	3	76	.	.	PUNCT
fbem-14773	4	1	this	this	DET
fbem-14773	4	2	paper	paper	NOUN
fbem-14773	4	3	selects	select	VERB
fbem-14773	4	4	the	the	DET
fbem-14773	4	5	a	a	DET
fbem-14773	4	6	-	-	PUNCT
fbem-14773	4	7	share	share	NOUN
fbem-14773	4	8	listed	list	VERB
fbem-14773	4	9	companies	company	NOUN
fbem-14773	4	10	in	in	ADP
fbem-14773	4	11	china	china	PROPN
fbem-14773	4	12	from	from	ADP
fbem-14773	4	13	2008	2008	NUM
fbem-14773	4	14	to	to	ADP
fbem-14773	4	15	2021	2021	NUM
fbem-14773	4	16	as	as	ADP
fbem-14773	4	17	the	the	DET
fbem-14773	4	18	research	research	NOUN
fbem-14773	4	19	sample	sample	NOUN
fbem-14773	4	20	data	datum	NOUN
fbem-14773	4	21	,	,	PUNCT
fbem-14773	4	22	and	and	CCONJ
fbem-14773	4	23	explores	explore	VERB
fbem-14773	4	24	the	the	DET
fbem-14773	4	25	impact	impact	NOUN
fbem-14773	4	26	mechanism	mechanism	NOUN
fbem-14773	4	27	of	of	ADP
fbem-14773	4	28	customer	customer	NOUN
fbem-14773	4	29	concentration	concentration	NOUN
fbem-14773	4	30	on	on	ADP
fbem-14773	4	31	the	the	DET
fbem-14773	4	32	financial	financial	ADJ
fbem-14773	4	33	asset	asset	NOUN
fbem-14773	4	34	allocation	allocation	NOUN
fbem-14773	4	35	of	of	ADP
fbem-14773	4	36	enterprises	enterprise	NOUN
fbem-14773	4	37	,	,	PUNCT
fbem-14773	4	38	and	and	CCONJ
fbem-14773	4	39	the	the	DET
fbem-14773	4	40	samples	sample	NOUN
fbem-14773	4	41	have	have	AUX
fbem-14773	4	42	passed	pass	VERB
fbem-14773	4	43	the	the	DET
fbem-14773	4	44	robustness	robustness	NOUN
fbem-14773	4	45	and	and	CCONJ
fbem-14773	4	46	endogeneity	endogeneity	NOUN
fbem-14773	4	47	tests	test	NOUN
fbem-14773	4	48	to	to	PART
fbem-14773	4	49	ensure	ensure	VERB
fbem-14773	4	50	the	the	DET
fbem-14773	4	51	reliability	reliability	NOUN
fbem-14773	4	52	of	of	ADP
fbem-14773	4	53	the	the	DET
fbem-14773	4	54	benchmark	benchmark	NOUN
fbem-14773	4	55	regression	regression	NOUN
fbem-14773	4	56	results	result	NOUN
fbem-14773	4	57	.	.	PUNCT
fbem-14773	5	1	the	the	DET
fbem-14773	5	2	study	study	NOUN
fbem-14773	5	3	finds	find	VERB
fbem-14773	5	4	that	that	SCONJ
fbem-14773	5	5	customer	customer	NOUN
fbem-14773	5	6	concentration	concentration	NOUN
fbem-14773	5	7	has	have	VERB
fbem-14773	5	8	a	a	DET
fbem-14773	5	9	significant	significant	ADJ
fbem-14773	5	10	inhibitory	inhibitory	ADJ
fbem-14773	5	11	effect	effect	NOUN
fbem-14773	5	12	on	on	ADP
fbem-14773	5	13	the	the	DET
fbem-14773	5	14	financial	financial	ADJ
fbem-14773	5	15	asset	asset	NOUN
fbem-14773	5	16	allocation	allocation	NOUN
fbem-14773	5	17	of	of	ADP
fbem-14773	5	18	enterprises	enterprise	NOUN
fbem-14773	5	19	,	,	PUNCT
fbem-14773	5	20	and	and	CCONJ
fbem-14773	5	21	the	the	DET
fbem-14773	5	22	results	result	NOUN
fbem-14773	5	23	are	be	AUX
fbem-14773	5	24	more	more	ADV
fbem-14773	5	25	significant	significant	ADJ
fbem-14773	5	26	under	under	ADP
fbem-14773	5	27	the	the	DET
fbem-14773	5	28	conditions	condition	NOUN
fbem-14773	5	29	of	of	ADP
fbem-14773	5	30	high	high	ADJ
fbem-14773	5	31	earnings	earning	NOUN
fbem-14773	5	32	management	management	NOUN
fbem-14773	5	33	,	,	PUNCT
fbem-14773	5	34	high	high	ADJ
fbem-14773	5	35	financing	financing	NOUN
fbem-14773	5	36	constraints	constraint	NOUN
fbem-14773	5	37	and	and	CCONJ
fbem-14773	5	38	low	low	ADJ
fbem-14773	5	39	inventory	inventory	NOUN
fbem-14773	5	40	turnover	turnover	NOUN
fbem-14773	5	41	.	.	PUNCT
fbem-14773	6	1	further	far	ADV
fbem-14773	6	2	,	,	PUNCT
fbem-14773	6	3	the	the	DET
fbem-14773	6	4	study	study	NOUN
fbem-14773	6	5	results	result	NOUN
fbem-14773	6	6	show	show	VERB
fbem-14773	6	7	that	that	SCONJ
fbem-14773	6	8	customer	customer	NOUN
fbem-14773	6	9	concentration	concentration	NOUN
fbem-14773	6	10	has	have	VERB
fbem-14773	6	11	a	a	DET
fbem-14773	6	12	more	more	ADV
fbem-14773	6	13	significant	significant	ADJ
fbem-14773	6	14	inhibitory	inhibitory	ADJ
fbem-14773	6	15	effect	effect	NOUN
fbem-14773	6	16	on	on	ADP
fbem-14773	6	17	the	the	DET
fbem-14773	6	18	short	short	ADJ
fbem-14773	6	19	-	-	PUNCT
fbem-14773	6	20	term	term	NOUN
fbem-14773	6	21	allocation	allocation	NOUN
fbem-14773	6	22	of	of	ADP
fbem-14773	6	23	financial	financial	ADJ
fbem-14773	6	24	resources	resource	NOUN
fbem-14773	6	25	by	by	ADP
fbem-14773	6	26	enterprises	enterprise	NOUN
fbem-14773	6	27	.	.	PUNCT
fbem-14773	7	1	this	this	DET
fbem-14773	7	2	paper	paper	NOUN
fbem-14773	7	3	not	not	PART
fbem-14773	7	4	only	only	ADV
fbem-14773	7	5	provides	provide	VERB
fbem-14773	7	6	a	a	DET
fbem-14773	7	7	theoretical	theoretical	ADJ
fbem-14773	7	8	basis	basis	NOUN
fbem-14773	7	9	for	for	ADP
fbem-14773	7	10	the	the	DET
fbem-14773	7	11	study	study	NOUN
fbem-14773	7	12	of	of	ADP
fbem-14773	7	13	the	the	DET
fbem-14773	7	14	relationship	relationship	NOUN
fbem-14773	7	15	between	between	ADP
fbem-14773	7	16	customer	customer	NOUN
fbem-14773	7	17	relations	relation	NOUN
fbem-14773	7	18	and	and	CCONJ
fbem-14773	7	19	corporate	corporate	ADJ
fbem-14773	7	20	financial	financial	ADJ
fbem-14773	7	21	asset	asset	NOUN
fbem-14773	7	22	allocation	allocation	NOUN
fbem-14773	7	23	,	,	PUNCT
fbem-14773	7	24	but	but	CCONJ
fbem-14773	7	25	also	also	ADV
fbem-14773	7	26	helps	help	VERB
fbem-14773	7	27	to	to	PART
fbem-14773	7	28	clarify	clarify	VERB
fbem-14773	7	29	the	the	DET
fbem-14773	7	30	dilemma	dilemma	NOUN
fbem-14773	7	31	of	of	ADP
fbem-14773	7	32	how	how	SCONJ
fbem-14773	7	33	the	the	DET
fbem-14773	7	34	real	real	ADJ
fbem-14773	7	35	economy	economy	NOUN
fbem-14773	7	36	and	and	CCONJ
fbem-14773	7	37	the	the	DET
fbem-14773	7	38	virtual	virtual	ADJ
fbem-14773	7	39	economy	economy	NOUN
fbem-14773	7	40	coexist	coexist	VERB
fbem-14773	7	41	and	and	CCONJ
fbem-14773	7	42	develop	develop	VERB
fbem-14773	7	43	,	,	PUNCT
fbem-14773	7	44	and	and	CCONJ
fbem-14773	7	45	provides	provide	VERB
fbem-14773	7	46	policy	policy	NOUN
fbem-14773	7	47	implications	implication	NOUN
fbem-14773	7	48	for	for	ADP
fbem-14773	7	49	preventing	prevent	VERB
fbem-14773	7	50	the	the	DET
fbem-14773	7	51	market	market	NOUN
fbem-14773	7	52	system	system	NOUN
fbem-14773	7	53	reform	reform	NOUN
fbem-14773	7	54	of	of	ADP
fbem-14773	7	55	“	"	PUNCT
fbem-14773	7	56	de	de	ADJ
fbem-14773	7	57	-	-	ADJ
fbem-14773	7	58	realizing	realizing	ADJ
fbem-14773	7	59	and	and	CCONJ
fbem-14773	7	60	virtualizing	virtualizing	NOUN
fbem-14773	7	61	”	"	PUNCT
fbem-14773	7	62	.	.	PUNCT
fbem-14773	8	1	keywords	keyword	NOUN
fbem-14773	8	2	:	:	PUNCT
fbem-14773	8	3	customer	customer	NOUN
fbem-14773	8	4	relationship	relationship	NOUN
fbem-14773	8	5	;	;	PUNCT
fbem-14773	8	6	corporate	corporate	ADJ
fbem-14773	8	7	financial	financial	ADJ
fbem-14773	8	8	asset	asset	NOUN
fbem-14773	8	9	allocation	allocation	NOUN
fbem-14773	8	10	.	.	PUNCT
fbem-14773	9	1	1	1	X
fbem-14773	9	2	.	.	X
fbem-14773	9	3	introduction	introduction	NOUN
fbem-14773	9	4	at	at	ADP
fbem-14773	9	5	the	the	DET
fbem-14773	9	6	central	central	ADJ
fbem-14773	9	7	financial	financial	ADJ
fbem-14773	9	8	work	work	NOUN
fbem-14773	9	9	conference	conference	NOUN
fbem-14773	9	10	in	in	ADP
fbem-14773	9	11	2023	2023	NUM
fbem-14773	9	12	,	,	PUNCT
fbem-14773	9	13	three	three	NUM
fbem-14773	9	14	tasks	task	NOUN
fbem-14773	9	15	of	of	ADP
fbem-14773	9	16	financial	financial	ADJ
fbem-14773	9	17	work	work	NOUN
fbem-14773	9	18	were	be	AUX
fbem-14773	9	19	clarified	clarify	VERB
fbem-14773	9	20	,	,	PUNCT
fbem-14773	9	21	namely	namely	ADV
fbem-14773	9	22	:	:	PUNCT
fbem-14773	9	23	serving	serve	VERB
fbem-14773	9	24	the	the	DET
fbem-14773	9	25	real	real	ADJ
fbem-14773	9	26	economy	economy	NOUN
fbem-14773	9	27	,	,	PUNCT
fbem-14773	9	28	preventing	prevent	VERB
fbem-14773	9	29	and	and	CCONJ
fbem-14773	9	30	controlling	control	VERB
fbem-14773	9	31	financial	financial	ADJ
fbem-14773	9	32	risks	risk	NOUN
fbem-14773	9	33	,	,	PUNCT
fbem-14773	9	34	and	and	CCONJ
fbem-14773	9	35	deepening	deepen	VERB
fbem-14773	9	36	the	the	DET
fbem-14773	9	37	reform	reform	NOUN
fbem-14773	9	38	of	of	ADP
fbem-14773	9	39	the	the	DET
fbem-14773	9	40	financial	financial	ADJ
fbem-14773	9	41	system	system	NOUN
fbem-14773	9	42	.	.	PUNCT
fbem-14773	10	1	among	among	ADP
fbem-14773	10	2	them	they	PRON
fbem-14773	10	3	,	,	PUNCT
fbem-14773	10	4	serving	serve	VERB
fbem-14773	10	5	the	the	DET
fbem-14773	10	6	real	real	ADJ
fbem-14773	10	7	economy	economy	NOUN
fbem-14773	10	8	is	be	AUX
fbem-14773	10	9	in	in	ADP
fbem-14773	10	10	line	line	NOUN
fbem-14773	10	11	with	with	ADP
fbem-14773	10	12	the	the	DET
fbem-14773	10	13	20th	20th	ADJ
fbem-14773	10	14	national	national	ADJ
fbem-14773	10	15	congress	congress	PROPN
fbem-14773	10	16	of	of	ADP
fbem-14773	10	17	the	the	DET
fbem-14773	10	18	communist	communist	PROPN
fbem-14773	10	19	party	party	PROPN
fbem-14773	10	20	of	of	ADP
fbem-14773	10	21	china	china	PROPN
fbem-14773	10	22	’s	’s	PART
fbem-14773	10	23	proposal	proposal	NOUN
fbem-14773	10	24	to	to	PART
fbem-14773	10	25	prevent	prevent	VERB
fbem-14773	10	26	financial	financial	ADJ
fbem-14773	10	27	work	work	NOUN
fbem-14773	10	28	from	from	ADP
fbem-14773	10	29	de	de	ADJ
fbem-14773	10	30	-	-	ADJ
fbem-14773	10	31	realizing	realizing	ADJ
fbem-14773	10	32	and	and	CCONJ
fbem-14773	10	33	virtualizing	virtualizing	NOUN
fbem-14773	10	34	,	,	PUNCT
fbem-14773	10	35	and	and	CCONJ
fbem-14773	10	36	to	to	PART
fbem-14773	10	37	fill	fill	VERB
fbem-14773	10	38	in	in	ADP
fbem-14773	10	39	the	the	DET
fbem-14773	10	40	gaps	gap	NOUN
fbem-14773	10	41	in	in	ADP
fbem-14773	10	42	the	the	DET
fbem-14773	10	43	financial	financial	ADJ
fbem-14773	10	44	supervision	supervision	NOUN
fbem-14773	10	45	system	system	NOUN
fbem-14773	10	46	and	and	CCONJ
fbem-14773	10	47	the	the	DET
fbem-14773	10	48	financial	financial	ADJ
fbem-14773	10	49	security	security	NOUN
fbem-14773	10	50	system	system	NOUN
fbem-14773	10	51	.	.	PUNCT
fbem-14773	11	1	in	in	ADP
fbem-14773	11	2	recent	recent	ADJ
fbem-14773	11	3	years	year	NOUN
fbem-14773	11	4	,	,	PUNCT
fbem-14773	11	5	the	the	DET
fbem-14773	11	6	trend	trend	NOUN
fbem-14773	11	7	of	of	ADP
fbem-14773	11	8	financialization	financialization	NOUN
fbem-14773	11	9	of	of	ADP
fbem-14773	11	10	enterprises	enterprise	NOUN
fbem-14773	11	11	is	be	AUX
fbem-14773	11	12	obvious	obvious	ADJ
fbem-14773	11	13	,	,	PUNCT
fbem-14773	11	14	and	and	CCONJ
fbem-14773	11	15	according	accord	VERB
fbem-14773	11	16	to	to	ADP
fbem-14773	11	17	the	the	DET
fbem-14773	11	18	report	report	NOUN
fbem-14773	11	19	of	of	ADP
fbem-14773	11	20	the	the	DET
fbem-14773	11	21	state	state	NOUN
fbem-14773	11	22	council	council	PROPN
fbem-14773	11	23	on	on	ADP
fbem-14773	11	24	the	the	DET
fbem-14773	11	25	financial	financial	ADJ
fbem-14773	11	26	work	work	NOUN
fbem-14773	11	27	situation	situation	NOUN
fbem-14773	11	28	in	in	ADP
fbem-14773	11	29	october	october	PROPN
fbem-14773	11	30	this	this	DET
fbem-14773	11	31	year	year	NOUN
fbem-14773	11	32	,	,	PUNCT
fbem-14773	11	33	promoting	promote	VERB
fbem-14773	11	34	the	the	DET
fbem-14773	11	35	moderate	moderate	ADJ
fbem-14773	11	36	financialization	financialization	NOUN
fbem-14773	11	37	development	development	NOUN
fbem-14773	11	38	of	of	ADP
fbem-14773	11	39	real	real	ADJ
fbem-14773	11	40	enterprises	enterprise	NOUN
fbem-14773	11	41	,	,	PUNCT
fbem-14773	11	42	improving	improve	VERB
fbem-14773	11	43	the	the	DET
fbem-14773	11	44	construction	construction	NOUN
fbem-14773	11	45	of	of	ADP
fbem-14773	11	46	various	various	ADJ
fbem-14773	11	47	financial	financial	ADJ
fbem-14773	11	48	infrastructure	infrastructure	NOUN
fbem-14773	11	49	,	,	PUNCT
fbem-14773	11	50	all	all	PRON
fbem-14773	11	51	reflect	reflect	VERB
fbem-14773	11	52	the	the	DET
fbem-14773	11	53	state	state	NOUN
fbem-14773	11	54	’s	’s	PART
fbem-14773	11	55	attention	attention	NOUN
fbem-14773	11	56	and	and	CCONJ
fbem-14773	11	57	policy	policy	NOUN
fbem-14773	11	58	inclination	inclination	NOUN
fbem-14773	11	59	to	to	ADP
fbem-14773	11	60	financial	financial	ADJ
fbem-14773	11	61	work	work	NOUN
fbem-14773	11	62	.	.	PUNCT
fbem-14773	12	1	regarding	regard	VERB
fbem-14773	12	2	the	the	DET
fbem-14773	12	3	financial	financial	ADJ
fbem-14773	12	4	asset	asset	NOUN
fbem-14773	12	5	allocation	allocation	NOUN
fbem-14773	12	6	of	of	ADP
fbem-14773	12	7	enterprises	enterprise	NOUN
fbem-14773	12	8	,	,	PUNCT
fbem-14773	12	9	how	how	SCONJ
fbem-14773	12	10	to	to	PART
fbem-14773	12	11	restrain	restrain	VERB
fbem-14773	12	12	the	the	DET
fbem-14773	12	13	risks	risk	NOUN
fbem-14773	12	14	brought	bring	VERB
fbem-14773	12	15	by	by	ADP
fbem-14773	12	16	financialization	financialization	NOUN
fbem-14773	12	17	to	to	ADP
fbem-14773	12	18	enterprises	enterprise	NOUN
fbem-14773	12	19	is	be	AUX
fbem-14773	12	20	a	a	DET
fbem-14773	12	21	hot	hot	ADJ
fbem-14773	12	22	topic	topic	NOUN
fbem-14773	12	23	in	in	ADP
fbem-14773	12	24	the	the	DET
fbem-14773	12	25	academic	academic	ADJ
fbem-14773	12	26	circles	circle	NOUN
fbem-14773	12	27	at	at	ADP
fbem-14773	12	28	present	present	ADJ
fbem-14773	12	29	,	,	PUNCT
fbem-14773	12	30	and	and	CCONJ
fbem-14773	12	31	at	at	ADP
fbem-14773	12	32	the	the	DET
fbem-14773	12	33	same	same	ADJ
fbem-14773	12	34	time	time	NOUN
fbem-14773	12	35	,	,	PUNCT
fbem-14773	12	36	it	it	PRON
fbem-14773	12	37	also	also	ADV
fbem-14773	12	38	provides	provide	VERB
fbem-14773	12	39	valuable	valuable	ADJ
fbem-14773	12	40	practical	practical	ADJ
fbem-14773	12	41	experience	experience	NOUN
fbem-14773	12	42	for	for	ADP
fbem-14773	12	43	deepening	deepen	VERB
fbem-14773	12	44	the	the	DET
fbem-14773	12	45	market	market	NOUN
fbem-14773	12	46	system	system	NOUN
fbem-14773	12	47	reform	reform	NOUN
fbem-14773	12	48	and	and	CCONJ
fbem-14773	12	49	optimizing	optimize	VERB
fbem-14773	12	50	the	the	DET
fbem-14773	12	51	asset	asset	NOUN
fbem-14773	12	52	structure	structure	NOUN
fbem-14773	12	53	of	of	ADP
fbem-14773	12	54	enterprises	enterprise	NOUN
fbem-14773	12	55	.	.	PUNCT
fbem-14773	13	1	existing	exist	VERB
fbem-14773	13	2	research	research	NOUN
fbem-14773	13	3	on	on	ADP
fbem-14773	13	4	the	the	DET
fbem-14773	13	5	motivation	motivation	NOUN
fbem-14773	13	6	of	of	ADP
fbem-14773	13	7	enterprises	enterprise	NOUN
fbem-14773	13	8	to	to	PART
fbem-14773	13	9	allocate	allocate	VERB
fbem-14773	13	10	financial	financial	ADJ
fbem-14773	13	11	assets	asset	NOUN
fbem-14773	13	12	mainly	mainly	ADV
fbem-14773	13	13	falls	fall	VERB
fbem-14773	13	14	into	into	ADP
fbem-14773	13	15	two	two	NUM
fbem-14773	13	16	categories	category	NOUN
fbem-14773	13	17	,	,	PUNCT
fbem-14773	13	18	one	one	NUM
fbem-14773	13	19	is	be	AUX
fbem-14773	13	20	the	the	DET
fbem-14773	13	21	“	"	PUNCT
fbem-14773	13	22	reservoir	reservoir	NOUN
fbem-14773	13	23	”	"	PUNCT
fbem-14773	13	24	motive	motive	NOUN
fbem-14773	13	25	(	(	PUNCT
fbem-14773	13	26	shi	shi	PROPN
fbem-14773	13	27	,	,	PUNCT
fbem-14773	13	28	2021	2021	NUM
fbem-14773	13	29	)	)	PUNCT
fbem-14773	13	30	that	that	PRON
fbem-14773	13	31	aims	aim	VERB
fbem-14773	13	32	to	to	PART
fbem-14773	13	33	adjust	adjust	VERB
fbem-14773	13	34	the	the	DET
fbem-14773	13	35	enterprise	enterprise	NOUN
fbem-14773	13	36	’s	’s	PART
fbem-14773	13	37	asset	asset	NOUN
fbem-14773	13	38	structure	structure	NOUN
fbem-14773	13	39	,	,	PUNCT
fbem-14773	13	40	and	and	CCONJ
fbem-14773	13	41	the	the	DET
fbem-14773	13	42	other	other	ADJ
fbem-14773	13	43	is	be	AUX
fbem-14773	13	44	to	to	PART
fbem-14773	13	45	replace	replace	VERB
fbem-14773	13	46	the	the	DET
fbem-14773	13	47	enterprise	enterprise	NOUN
fbem-14773	13	48	’s	’s	PART
fbem-14773	13	49	real	real	ADJ
fbem-14773	13	50	assets	asset	NOUN
fbem-14773	13	51	with	with	ADP
fbem-14773	13	52	financial	financial	ADJ
fbem-14773	13	53	assets	asset	NOUN
fbem-14773	13	54	for	for	ADP
fbem-14773	13	55	the	the	DET
fbem-14773	13	56	purpose	purpose	NOUN
fbem-14773	13	57	of	of	ADP
fbem-14773	13	58	pursuing	pursue	VERB
fbem-14773	13	59	financial	financial	ADJ
fbem-14773	13	60	benefits	benefit	NOUN
fbem-14773	13	61	(	(	PUNCT
fbem-14773	13	62	de	de	X
fbem-14773	13	63	franco	franco	PROPN
fbem-14773	13	64	et	et	PROPN
fbem-14773	13	65	.	.	PUNCT
fbem-14773	14	1	al	al	PROPN
fbem-14773	14	2	,	,	PUNCT
fbem-14773	14	3	2011	2011	NUM
fbem-14773	14	4	)	)	PUNCT
fbem-14773	14	5	.	.	PUNCT
fbem-14773	15	1	as	as	ADP
fbem-14773	15	2	for	for	ADP
fbem-14773	15	3	the	the	DET
fbem-14773	15	4	relationship	relationship	NOUN
fbem-14773	15	5	between	between	ADP
fbem-14773	15	6	enterprise	enterprise	NOUN
fbem-14773	15	7	capability	capability	NOUN
fbem-14773	15	8	and	and	CCONJ
fbem-14773	15	9	financial	financial	ADJ
fbem-14773	15	10	asset	asset	NOUN
fbem-14773	15	11	allocation	allocation	NOUN
fbem-14773	15	12	,	,	PUNCT
fbem-14773	15	13	some	some	DET
fbem-14773	15	14	scholars	scholar	NOUN
fbem-14773	15	15	believe	believe	VERB
fbem-14773	15	16	that	that	SCONJ
fbem-14773	15	17	moderate	moderate	ADJ
fbem-14773	15	18	financialization	financialization	NOUN
fbem-14773	15	19	development	development	NOUN
fbem-14773	15	20	has	have	AUX
fbem-14773	15	21	played	play	VERB
fbem-14773	15	22	a	a	DET
fbem-14773	15	23	promoting	promote	VERB
fbem-14773	15	24	role	role	NOUN
fbem-14773	15	25	in	in	ADP
fbem-14773	15	26	the	the	DET
fbem-14773	15	27	transformation	transformation	NOUN
fbem-14773	15	28	and	and	CCONJ
fbem-14773	15	29	upgrading	upgrading	NOUN
fbem-14773	15	30	of	of	ADP
fbem-14773	15	31	real	real	ADJ
fbem-14773	15	32	enterprises	enterprise	NOUN
fbem-14773	15	33	(	(	PUNCT
fbem-14773	15	34	jouanjean	jouanjean	PROPN
fbem-14773	15	35	et	et	PROPN
fbem-14773	15	36	.	.	PUNCT
fbem-14773	16	1	al	al	PROPN
fbem-14773	16	2	,	,	PUNCT
fbem-14773	16	3	2015	2015	NUM
fbem-14773	16	4	)	)	PUNCT
fbem-14773	16	5	.	.	PUNCT
fbem-14773	17	1	the	the	DET
fbem-14773	17	2	impact	impact	NOUN
fbem-14773	17	3	of	of	ADP
fbem-14773	17	4	customer	customer	NOUN
fbem-14773	17	5	relations	relation	NOUN
fbem-14773	17	6	on	on	ADP
fbem-14773	17	7	enterprise	enterprise	NOUN
fbem-14773	17	8	financialization	financialization	NOUN
fbem-14773	17	9	focuses	focus	VERB
fbem-14773	17	10	on	on	ADP
fbem-14773	17	11	customer	customer	NOUN
fbem-14773	17	12	concentration	concentration	NOUN
fbem-14773	17	13	as	as	ADP
fbem-14773	17	14	an	an	DET
fbem-14773	17	15	influencing	influence	VERB
fbem-14773	17	16	factor	factor	NOUN
fbem-14773	17	17	,	,	PUNCT
fbem-14773	17	18	and	and	CCONJ
fbem-14773	17	19	the	the	DET
fbem-14773	17	20	resource	resource	NOUN
fbem-14773	17	21	-	-	PUNCT
fbem-14773	17	22	based	base	VERB
fbem-14773	17	23	theory	theory	NOUN
fbem-14773	17	24	emphasizes	emphasize	VERB
fbem-14773	17	25	the	the	DET
fbem-14773	17	26	dilemma	dilemma	NOUN
fbem-14773	17	27	of	of	ADP
fbem-14773	17	28	weak	weak	ADJ
fbem-14773	17	29	enterprises	enterprise	NOUN
fbem-14773	17	30	to	to	PART
fbem-14773	17	31	cultivate	cultivate	VERB
fbem-14773	17	32	core	core	NOUN
fbem-14773	17	33	competitiveness	competitiveness	NOUN
fbem-14773	17	34	.	.	PUNCT
fbem-14773	18	1	in	in	ADP
fbem-14773	18	2	order	order	NOUN
fbem-14773	18	3	to	to	PART
fbem-14773	18	4	obtain	obtain	VERB
fbem-14773	18	5	scarce	scarce	ADJ
fbem-14773	18	6	resources	resource	NOUN
fbem-14773	18	7	and	and	CCONJ
fbem-14773	18	8	maintain	maintain	VERB
fbem-14773	18	9	market	market	NOUN
fbem-14773	18	10	competitiveness	competitiveness	NOUN
fbem-14773	18	11	,	,	PUNCT
fbem-14773	18	12	enterprises	enterprise	NOUN
fbem-14773	18	13	must	must	AUX
fbem-14773	18	14	actively	actively	ADV
fbem-14773	18	15	participate	participate	VERB
fbem-14773	18	16	in	in	ADP
fbem-14773	18	17	external	external	ADJ
fbem-14773	18	18	networks	network	NOUN
fbem-14773	18	19	and	and	CCONJ
fbem-14773	18	20	use	use	VERB
fbem-14773	18	21	external	external	ADJ
fbem-14773	18	22	resources	resource	NOUN
fbem-14773	18	23	to	to	PART
fbem-14773	18	24	enhance	enhance	VERB
fbem-14773	18	25	their	their	PRON
fbem-14773	18	26	competitive	competitive	ADJ
fbem-14773	18	27	advantage	advantage	NOUN
fbem-14773	18	28	.	.	PUNCT
fbem-14773	19	1	some	some	DET
fbem-14773	19	2	scholars	scholar	NOUN
fbem-14773	19	3	have	have	AUX
fbem-14773	19	4	concluded	conclude	VERB
fbem-14773	19	5	through	through	ADP
fbem-14773	19	6	research	research	NOUN
fbem-14773	19	7	that	that	SCONJ
fbem-14773	19	8	when	when	SCONJ
fbem-14773	19	9	customer	customer	NOUN
fbem-14773	19	10	concentration	concentration	NOUN
fbem-14773	19	11	reaches	reach	VERB
fbem-14773	19	12	a	a	DET
fbem-14773	19	13	certain	certain	ADJ
fbem-14773	19	14	threshold	threshold	NOUN
fbem-14773	19	15	,	,	PUNCT
fbem-14773	19	16	enterprises	enterprise	NOUN
fbem-14773	19	17	tend	tend	VERB
fbem-14773	19	18	to	to	PART
fbem-14773	19	19	increase	increase	VERB
fbem-14773	19	20	the	the	DET
fbem-14773	19	21	allocation	allocation	NOUN
fbem-14773	19	22	of	of	ADP
fbem-14773	19	23	financial	financial	ADJ
fbem-14773	19	24	assets	asset	NOUN
fbem-14773	19	25	with	with	ADP
fbem-14773	19	26	risk	risk	NOUN
fbem-14773	19	27	-	-	PUNCT
fbem-14773	19	28	avoidance	avoidance	NOUN
fbem-14773	19	29	functions	function	NOUN
fbem-14773	19	30	for	for	ADP
fbem-14773	19	31	self	self	NOUN
fbem-14773	19	32	-	-	PUNCT
fbem-14773	19	33	protection	protection	NOUN
fbem-14773	19	34	and	and	CCONJ
fbem-14773	19	35	risk	risk	NOUN
fbem-14773	19	36	-	-	PUNCT
fbem-14773	19	37	avoidance	avoidance	NOUN
fbem-14773	19	38	(	(	PUNCT
fbem-14773	19	39	wongsinhirun	wongsinhirun	NOUN
fbem-14773	19	40	et	et	PROPN
fbem-14773	19	41	.	.	PUNCT
fbem-14773	20	1	al	al	PROPN
fbem-14773	20	2	,	,	PUNCT
fbem-14773	20	3	2023	2023	NUM
fbem-14773	20	4	)	)	PUNCT
fbem-14773	20	5	.	.	PUNCT
fbem-14773	21	1	in	in	ADP
fbem-14773	21	2	addition	addition	NOUN
fbem-14773	21	3	,	,	PUNCT
fbem-14773	21	4	customer	customer	NOUN
fbem-14773	21	5	concentration	concentration	NOUN
fbem-14773	21	6	also	also	ADV
fbem-14773	21	7	has	have	VERB
fbem-14773	21	8	a	a	DET
fbem-14773	21	9	significant	significant	ADJ
fbem-14773	21	10	positive	positive	ADJ
fbem-14773	21	11	effect	effect	NOUN
fbem-14773	21	12	on	on	ADP
fbem-14773	21	13	the	the	DET
fbem-14773	21	14	stability	stability	NOUN
fbem-14773	21	15	of	of	ADP
fbem-14773	21	16	enterprise	enterprise	NOUN
fbem-14773	21	17	customer	customer	NOUN
fbem-14773	21	18	relationship	relationship	NOUN
fbem-14773	21	19	network	network	NOUN
fbem-14773	21	20	(	(	PUNCT
fbem-14773	21	21	thrassou	thrassou	NOUN
fbem-14773	21	22	and	and	CCONJ
fbem-14773	21	23	vrontis	vrontis	NOUN
fbem-14773	21	24	,	,	PUNCT
fbem-14773	21	25	2009	2009	NUM
fbem-14773	21	26	)	)	PUNCT
fbem-14773	21	27	and	and	CCONJ
fbem-14773	21	28	the	the	DET
fbem-14773	21	29	level	level	NOUN
fbem-14773	21	30	of	of	ADP
fbem-14773	21	31	financial	financial	ADJ
fbem-14773	21	32	investment	investment	NOUN
fbem-14773	21	33	(	(	PUNCT
fbem-14773	21	34	greiner	greiner	PROPN
fbem-14773	21	35	and	and	CCONJ
fbem-14773	21	36	wang	wang	PROPN
fbem-14773	21	37	,	,	PUNCT
fbem-14773	21	38	2010	2010	NUM
fbem-14773	21	39	)	)	PUNCT
fbem-14773	21	40	.	.	PUNCT
fbem-14773	22	1	however	however	ADV
fbem-14773	22	2	,	,	PUNCT
fbem-14773	22	3	mainstream	mainstream	ADJ
fbem-14773	22	4	research	research	NOUN
fbem-14773	22	5	rarely	rarely	ADV
fbem-14773	22	6	directly	directly	ADV
fbem-14773	22	7	links	link	VERB
fbem-14773	22	8	customer	customer	NOUN
fbem-14773	22	9	relations	relation	NOUN
fbem-14773	22	10	and	and	CCONJ
fbem-14773	22	11	enterprise	enterprise	NOUN
fbem-14773	22	12	financial	financial	ADJ
fbem-14773	22	13	asset	asset	NOUN
fbem-14773	22	14	allocation	allocation	NOUN
fbem-14773	22	15	,	,	PUNCT
fbem-14773	22	16	and	and	CCONJ
fbem-14773	22	17	the	the	DET
fbem-14773	22	18	research	research	NOUN
fbem-14773	22	19	content	content	NOUN
fbem-14773	22	20	in	in	ADP
fbem-14773	22	21	this	this	DET
fbem-14773	22	22	area	area	NOUN
fbem-14773	22	23	is	be	AUX
fbem-14773	22	24	far	far	ADV
fbem-14773	22	25	from	from	ADP
fbem-14773	22	26	meeting	meet	VERB
fbem-14773	22	27	the	the	DET
fbem-14773	22	28	research	research	NOUN
fbem-14773	22	29	needs	need	NOUN
fbem-14773	22	30	.	.	PUNCT
fbem-14773	23	1	this	this	PRON
fbem-14773	23	2	is	be	AUX
fbem-14773	23	3	also	also	ADV
fbem-14773	23	4	the	the	DET
fbem-14773	23	5	main	main	ADJ
fbem-14773	23	6	research	research	NOUN
fbem-14773	23	7	motivation	motivation	NOUN
fbem-14773	23	8	of	of	ADP
fbem-14773	23	9	this	this	DET
fbem-14773	23	10	paper	paper	NOUN
fbem-14773	23	11	.	.	PUNCT
fbem-14773	24	1	this	this	DET
fbem-14773	24	2	study	study	NOUN
fbem-14773	24	3	mainly	mainly	ADV
fbem-14773	24	4	explores	explore	VERB
fbem-14773	24	5	the	the	DET
fbem-14773	24	6	impact	impact	NOUN
fbem-14773	24	7	of	of	ADP
fbem-14773	24	8	changes	change	NOUN
fbem-14773	24	9	in	in	ADP
fbem-14773	24	10	customer	customer	NOUN
fbem-14773	24	11	relations	relation	NOUN
fbem-14773	24	12	on	on	ADP
fbem-14773	24	13	the	the	DET
fbem-14773	24	14	financial	financial	ADJ
fbem-14773	24	15	asset	asset	NOUN
fbem-14773	24	16	allocation	allocation	NOUN
fbem-14773	24	17	of	of	ADP
fbem-14773	24	18	enterprises	enterprise	NOUN
fbem-14773	24	19	,	,	PUNCT
fbem-14773	24	20	based	base	VERB
fbem-14773	24	21	on	on	ADP
fbem-14773	24	22	the	the	DET
fbem-14773	24	23	sample	sample	NOUN
fbem-14773	24	24	data	datum	NOUN
fbem-14773	24	25	of	of	ADP
fbem-14773	24	26	chinese	chinese	ADJ
fbem-14773	24	27	listed	list	VERB
fbem-14773	24	28	companies	company	NOUN
fbem-14773	24	29	for	for	ADP
fbem-14773	24	30	regression	regression	NOUN
fbem-14773	24	31	analysis	analysis	NOUN
fbem-14773	24	32	.	.	PUNCT
fbem-14773	25	1	after	after	ADP
fbem-14773	25	2	conducting	conduct	VERB
fbem-14773	25	3	the	the	DET
fbem-14773	25	4	benchmark	benchmark	ADJ
fbem-14773	25	5	regression	regression	NOUN
fbem-14773	25	6	on	on	ADP
fbem-14773	25	7	the	the	DET
fbem-14773	25	8	exploratory	exploratory	ADJ
fbem-14773	25	9	variables	variable	NOUN
fbem-14773	25	10	,	,	PUNCT
fbem-14773	25	11	the	the	DET
fbem-14773	25	12	stability	stability	NOUN
fbem-14773	25	13	and	and	CCONJ
fbem-14773	25	14	endogeneity	endogeneity	NOUN
fbem-14773	25	15	tests	test	NOUN
fbem-14773	25	16	are	be	AUX
fbem-14773	25	17	conducted	conduct	VERB
fbem-14773	25	18	,	,	PUNCT
fbem-14773	25	19	and	and	CCONJ
fbem-14773	25	20	after	after	ADP
fbem-14773	25	21	obtaining	obtain	VERB
fbem-14773	25	22	the	the	DET
fbem-14773	25	23	test	test	NOUN
fbem-14773	25	24	results	result	NOUN
fbem-14773	25	25	,	,	PUNCT
fbem-14773	25	26	the	the	DET
fbem-14773	25	27	three	three	NUM
fbem-14773	25	28	variables	variable	NOUN
fbem-14773	25	29	of	of	ADP
fbem-14773	25	30	earnings	earning	NOUN
fbem-14773	25	31	management	management	NOUN
fbem-14773	25	32	,	,	PUNCT
fbem-14773	25	33	financing	financing	NOUN
fbem-14773	25	34	constraints	constraint	NOUN
fbem-14773	25	35	and	and	CCONJ
fbem-14773	25	36	inventory	inventory	NOUN
fbem-14773	25	37	turnover	turnover	NOUN
fbem-14773	25	38	are	be	AUX
fbem-14773	25	39	added	add	VERB
fbem-14773	25	40	to	to	ADP
fbem-14773	25	41	the	the	DET
fbem-14773	25	42	model	model	NOUN
fbem-14773	25	43	with	with	ADP
fbem-14773	25	44	the	the	DET
fbem-14773	25	45	obtained	obtain	VERB
fbem-14773	25	46	regression	regression	NOUN
fbem-14773	25	47	results	result	NOUN
fbem-14773	25	48	for	for	ADP
fbem-14773	25	49	mechanism	mechanism	NOUN
fbem-14773	25	50	testing	testing	NOUN
fbem-14773	25	51	,	,	PUNCT
fbem-14773	25	52	and	and	CCONJ
fbem-14773	25	53	the	the	DET
fbem-14773	25	54	significance	significance	NOUN
fbem-14773	25	55	level	level	NOUN
fbem-14773	25	56	of	of	ADP
fbem-14773	25	57	their	their	PRON
fbem-14773	25	58	impact	impact	NOUN
fbem-14773	25	59	on	on	ADP
fbem-14773	25	60	the	the	DET
fbem-14773	25	61	financial	financial	ADJ
fbem-14773	25	62	asset	asset	NOUN
fbem-14773	25	63	allocation	allocation	NOUN
fbem-14773	25	64	of	of	ADP
fbem-14773	25	65	enterprises	enterprise	NOUN
fbem-14773	25	66	is	be	AUX
fbem-14773	25	67	obtained	obtain	VERB
fbem-14773	25	68	and	and	CCONJ
fbem-14773	25	69	divided	divide	VERB
fbem-14773	25	70	into	into	ADP
fbem-14773	25	71	two	two	NUM
fbem-14773	25	72	categories	category	NOUN
fbem-14773	25	73	:	:	PUNCT
fbem-14773	25	74	low	low	ADJ
fbem-14773	25	75	and	and	CCONJ
fbem-14773	25	76	high	high	ADJ
fbem-14773	25	77	,	,	PUNCT
fbem-14773	25	78	and	and	CCONJ
fbem-14773	25	79	the	the	DET
fbem-14773	25	80	relationship	relationship	NOUN
fbem-14773	25	81	between	between	ADP
fbem-14773	25	82	them	they	PRON
fbem-14773	25	83	and	and	CCONJ
fbem-14773	25	84	the	the	DET
fbem-14773	25	85	financial	financial	ADJ
fbem-14773	25	86	asset	asset	NOUN
fbem-14773	25	87	allocation	allocation	NOUN
fbem-14773	25	88	choice	choice	NOUN
fbem-14773	25	89	of	of	ADP
fbem-14773	25	90	enterprises	enterprise	NOUN
fbem-14773	25	91	is	be	AUX
fbem-14773	25	92	explored	explore	VERB
fbem-14773	25	93	.	.	PUNCT
fbem-14773	26	1	then	then	ADV
fbem-14773	26	2	,	,	PUNCT
fbem-14773	26	3	by	by	ADP
fbem-14773	26	4	further	far	ADV
fbem-14773	26	5	discussing	discuss	VERB
fbem-14773	26	6	the	the	DET
fbem-14773	26	7	motives	motive	NOUN
fbem-14773	26	8	of	of	ADP
fbem-14773	26	9	long	long	ADJ
fbem-14773	26	10	-	-	PUNCT
fbem-14773	26	11	term	term	NOUN
fbem-14773	26	12	and	and	CCONJ
fbem-14773	26	13	short	short	ADJ
fbem-14773	26	14	-	-	PUNCT
fbem-14773	26	15	term	term	NOUN
fbem-14773	26	16	asset	asset	NOUN
fbem-14773	26	17	allocation	allocation	NOUN
fbem-14773	26	18	,	,	PUNCT
fbem-14773	26	19	the	the	DET
fbem-14773	26	20	conclusion	conclusion	NOUN
fbem-14773	26	21	is	be	AUX
fbem-14773	26	22	finally	finally	ADV
fbem-14773	26	23	drawn	draw	VERB
fbem-14773	26	24	.	.	PUNCT
fbem-14773	27	1	the	the	DET
fbem-14773	27	2	main	main	ADJ
fbem-14773	27	3	contributions	contribution	NOUN
fbem-14773	27	4	of	of	ADP
fbem-14773	27	5	this	this	DET
fbem-14773	27	6	paper	paper	NOUN
fbem-14773	27	7	are	be	AUX
fbem-14773	27	8	as	as	SCONJ
fbem-14773	27	9	follows	follow	VERB
fbem-14773	27	10	:	:	PUNCT
fbem-14773	27	11	①	①	NUM
fbem-14773	27	12	by	by	ADP
fbem-14773	27	13	analyzing	analyze	VERB
fbem-14773	27	14	the	the	DET
fbem-14773	27	15	relationship	relationship	NOUN
fbem-14773	27	16	between	between	ADP
fbem-14773	27	17	enterprise	enterprise	NOUN
fbem-14773	27	18	customer	customer	NOUN
fbem-14773	27	19	relations	relation	NOUN
fbem-14773	27	20	and	and	CCONJ
fbem-14773	27	21	enterprise	enterprise	NOUN
fbem-14773	27	22	financial	financial	ADJ
fbem-14773	27	23	125	125	NUM
fbem-14773	27	24	asset	asset	NOUN
fbem-14773	27	25	holding	hold	VERB
fbem-14773	27	26	choices	choice	NOUN
fbem-14773	27	27	,	,	PUNCT
fbem-14773	27	28	the	the	DET
fbem-14773	27	29	relationship	relationship	NOUN
fbem-14773	27	30	between	between	ADP
fbem-14773	27	31	customer	customer	NOUN
fbem-14773	27	32	relations	relation	NOUN
fbem-14773	27	33	and	and	CCONJ
fbem-14773	27	34	enterprise	enterprise	NOUN
fbem-14773	27	35	financial	financial	ADJ
fbem-14773	27	36	asset	asset	NOUN
fbem-14773	27	37	allocation	allocation	NOUN
fbem-14773	27	38	is	be	AUX
fbem-14773	27	39	further	far	ADV
fbem-14773	27	40	confirmed	confirm	VERB
fbem-14773	27	41	and	and	CCONJ
fbem-14773	27	42	the	the	DET
fbem-14773	27	43	impact	impact	NOUN
fbem-14773	27	44	mechanism	mechanism	NOUN
fbem-14773	27	45	is	be	AUX
fbem-14773	27	46	revealed	reveal	VERB
fbem-14773	27	47	,	,	PUNCT
fbem-14773	27	48	which	which	PRON
fbem-14773	27	49	provides	provide	VERB
fbem-14773	27	50	a	a	DET
fbem-14773	27	51	new	new	ADJ
fbem-14773	27	52	interpretation	interpretation	NOUN
fbem-14773	27	53	perspective	perspective	NOUN
fbem-14773	27	54	for	for	ADP
fbem-14773	27	55	the	the	DET
fbem-14773	27	56	unique	unique	ADJ
fbem-14773	27	57	“	"	PUNCT
fbem-14773	27	58	relational	relational	ADJ
fbem-14773	27	59	”	"	PUNCT
fbem-14773	27	60	transactions	transaction	NOUN
fbem-14773	27	61	in	in	ADP
fbem-14773	27	62	the	the	DET
fbem-14773	27	63	chinese	chinese	ADJ
fbem-14773	27	64	capital	capital	NOUN
fbem-14773	27	65	market	market	NOUN
fbem-14773	27	66	and	and	CCONJ
fbem-14773	27	67	fills	fill	VERB
fbem-14773	27	68	the	the	DET
fbem-14773	27	69	gap	gap	NOUN
fbem-14773	27	70	in	in	ADP
fbem-14773	27	71	the	the	DET
fbem-14773	27	72	existing	exist	VERB
fbem-14773	27	73	research	research	NOUN
fbem-14773	27	74	.	.	PUNCT
fbem-14773	28	1	②	②	NUM
fbem-14773	28	2	it	it	PRON
fbem-14773	28	3	enriches	enrich	VERB
fbem-14773	28	4	the	the	DET
fbem-14773	28	5	existing	exist	VERB
fbem-14773	28	6	research	research	NOUN
fbem-14773	28	7	on	on	ADP
fbem-14773	28	8	the	the	DET
fbem-14773	28	9	influencing	influence	VERB
fbem-14773	28	10	factors	factor	NOUN
fbem-14773	28	11	of	of	ADP
fbem-14773	28	12	enterprise	enterprise	NOUN
fbem-14773	28	13	financial	financial	ADJ
fbem-14773	28	14	asset	asset	NOUN
fbem-14773	28	15	allocation	allocation	NOUN
fbem-14773	28	16	,	,	PUNCT
fbem-14773	28	17	and	and	CCONJ
fbem-14773	28	18	provides	provide	VERB
fbem-14773	28	19	a	a	DET
fbem-14773	28	20	reliable	reliable	ADJ
fbem-14773	28	21	literature	literature	NOUN
fbem-14773	28	22	supplement	supplement	NOUN
fbem-14773	28	23	for	for	ADP
fbem-14773	28	24	enterprise	enterprise	NOUN
fbem-14773	28	25	asset	asset	NOUN
fbem-14773	28	26	structure	structure	NOUN
fbem-14773	28	27	adjustment	adjustment	NOUN
fbem-14773	28	28	.	.	PUNCT
fbem-14773	29	1	the	the	DET
fbem-14773	29	2	existing	exist	VERB
fbem-14773	29	3	literature	literature	NOUN
fbem-14773	29	4	mainly	mainly	ADV
fbem-14773	29	5	focuses	focus	VERB
fbem-14773	29	6	on	on	ADP
fbem-14773	29	7	the	the	DET
fbem-14773	29	8	transformation	transformation	NOUN
fbem-14773	29	9	and	and	CCONJ
fbem-14773	29	10	upgrading	upgrading	NOUN
fbem-14773	29	11	of	of	ADP
fbem-14773	29	12	enterprises	enterprise	NOUN
fbem-14773	29	13	and	and	CCONJ
fbem-14773	29	14	the	the	DET
fbem-14773	29	15	internal	internal	ADJ
fbem-14773	29	16	structure	structure	NOUN
fbem-14773	29	17	adjustment	adjustment	NOUN
fbem-14773	29	18	of	of	ADP
fbem-14773	29	19	enterprises	enterprise	NOUN
fbem-14773	29	20	with	with	ADP
fbem-14773	29	21	regard	regard	NOUN
fbem-14773	29	22	to	to	ADP
fbem-14773	29	23	customer	customer	NOUN
fbem-14773	29	24	relations	relation	NOUN
fbem-14773	29	25	and	and	CCONJ
fbem-14773	29	26	supply	supply	NOUN
fbem-14773	29	27	chain	chain	NOUN
fbem-14773	29	28	development	development	NOUN
fbem-14773	29	29	,	,	PUNCT
fbem-14773	29	30	and	and	CCONJ
fbem-14773	29	31	less	less	ADJ
fbem-14773	29	32	mentions	mention	VERB
fbem-14773	29	33	the	the	DET
fbem-14773	29	34	external	external	ADJ
fbem-14773	29	35	factors	factor	NOUN
fbem-14773	29	36	,	,	PUNCT
fbem-14773	29	37	which	which	PRON
fbem-14773	29	38	provides	provide	VERB
fbem-14773	29	39	a	a	DET
fbem-14773	29	40	theoretical	theoretical	ADJ
fbem-14773	29	41	direction	direction	NOUN
fbem-14773	29	42	for	for	ADP
fbem-14773	29	43	how	how	SCONJ
fbem-14773	29	44	to	to	PART
fbem-14773	29	45	improve	improve	VERB
fbem-14773	29	46	the	the	DET
fbem-14773	29	47	construction	construction	NOUN
fbem-14773	29	48	of	of	ADP
fbem-14773	29	49	supply	supply	NOUN
fbem-14773	29	50	chain	chain	NOUN
fbem-14773	29	51	ecology	ecology	NOUN
fbem-14773	29	52	and	and	CCONJ
fbem-14773	29	53	how	how	SCONJ
fbem-14773	29	54	to	to	PART
fbem-14773	29	55	strengthen	strengthen	VERB
fbem-14773	29	56	the	the	DET
fbem-14773	29	57	enterprise	enterprise	NOUN
fbem-14773	29	58	social	social	ADJ
fbem-14773	29	59	relationship	relationship	NOUN
fbem-14773	29	60	network	network	NOUN
fbem-14773	29	61	to	to	PART
fbem-14773	29	62	achieve	achieve	VERB
fbem-14773	29	63	win	win	NOUN
fbem-14773	29	64	-	-	PUNCT
fbem-14773	29	65	win	win	NOUN
fbem-14773	29	66	cooperation	cooperation	NOUN
fbem-14773	29	67	more	more	ADV
fbem-14773	29	68	efficiently	efficiently	ADV
fbem-14773	29	69	.	.	PUNCT
fbem-14773	30	1	③	③	NUM
fbem-14773	31	1	the	the	DET
fbem-14773	31	2	research	research	NOUN
fbem-14773	31	3	conclusion	conclusion	NOUN
fbem-14773	31	4	of	of	ADP
fbem-14773	31	5	this	this	DET
fbem-14773	31	6	paper	paper	NOUN
fbem-14773	31	7	has	have	VERB
fbem-14773	31	8	some	some	DET
fbem-14773	31	9	enlightenment	enlightenment	ADJ
fbem-14773	31	10	significance	significance	NOUN
fbem-14773	31	11	for	for	ADP
fbem-14773	31	12	how	how	SCONJ
fbem-14773	31	13	the	the	DET
fbem-14773	31	14	government	government	NOUN
fbem-14773	31	15	can	can	AUX
fbem-14773	31	16	promote	promote	VERB
fbem-14773	31	17	the	the	DET
fbem-14773	31	18	market	market	NOUN
fbem-14773	31	19	system	system	NOUN
fbem-14773	31	20	reform	reform	NOUN
fbem-14773	31	21	and	and	CCONJ
fbem-14773	31	22	strengthen	strengthen	VERB
fbem-14773	31	23	the	the	DET
fbem-14773	31	24	market	market	NOUN
fbem-14773	31	25	structure	structure	NOUN
fbem-14773	31	26	centered	center	VERB
fbem-14773	31	27	on	on	ADP
fbem-14773	31	28	the	the	DET
fbem-14773	31	29	real	real	ADJ
fbem-14773	31	30	economy	economy	NOUN
fbem-14773	31	31	,	,	PUNCT
fbem-14773	31	32	and	and	CCONJ
fbem-14773	31	33	deepen	deepen	VERB
fbem-14773	31	34	the	the	DET
fbem-14773	31	35	structural	structural	ADJ
fbem-14773	31	36	reform	reform	NOUN
fbem-14773	31	37	of	of	ADP
fbem-14773	31	38	the	the	DET
fbem-14773	31	39	financial	financial	ADJ
fbem-14773	31	40	supply	supply	NOUN
fbem-14773	31	41	side	side	NOUN
fbem-14773	31	42	.	.	PUNCT
fbem-14773	32	1	the	the	DET
fbem-14773	32	2	construction	construction	NOUN
fbem-14773	32	3	of	of	ADP
fbem-14773	32	4	customer	customer	NOUN
fbem-14773	32	5	relations	relation	NOUN
fbem-14773	32	6	by	by	ADP
fbem-14773	32	7	real	real	ADJ
fbem-14773	32	8	enterprises	enterprise	NOUN
fbem-14773	32	9	also	also	ADV
fbem-14773	32	10	needs	need	VERB
fbem-14773	32	11	to	to	PART
fbem-14773	32	12	be	be	AUX
fbem-14773	32	13	analyzed	analyze	VERB
fbem-14773	32	14	in	in	ADP
fbem-14773	32	15	combination	combination	NOUN
fbem-14773	32	16	with	with	ADP
fbem-14773	32	17	their	their	PRON
fbem-14773	32	18	own	own	ADJ
fbem-14773	32	19	asset	asset	NOUN
fbem-14773	32	20	structure	structure	NOUN
fbem-14773	32	21	.	.	PUNCT
fbem-14773	33	1	therefore	therefore	ADV
fbem-14773	33	2	,	,	PUNCT
fbem-14773	33	3	from	from	ADP
fbem-14773	33	4	a	a	DET
fbem-14773	33	5	macro	macro	ADJ
fbem-14773	33	6	perspective	perspective	NOUN
fbem-14773	33	7	,	,	PUNCT
fbem-14773	33	8	the	the	DET
fbem-14773	33	9	government	government	NOUN
fbem-14773	33	10	not	not	PART
fbem-14773	33	11	only	only	ADV
fbem-14773	33	12	needs	need	VERB
fbem-14773	33	13	to	to	PART
fbem-14773	33	14	strengthen	strengthen	VERB
fbem-14773	33	15	the	the	DET
fbem-14773	33	16	financial	financial	ADJ
fbem-14773	33	17	supervision	supervision	NOUN
fbem-14773	33	18	policy	policy	NOUN
fbem-14773	33	19	,	,	PUNCT
fbem-14773	33	20	to	to	PART
fbem-14773	33	21	facilitate	facilitate	VERB
fbem-14773	33	22	effective	effective	ADJ
fbem-14773	33	23	cooperation	cooperation	NOUN
fbem-14773	33	24	between	between	ADP
fbem-14773	33	25	enterprises	enterprise	NOUN
fbem-14773	33	26	,	,	PUNCT
fbem-14773	33	27	but	but	CCONJ
fbem-14773	33	28	also	also	ADV
fbem-14773	33	29	to	to	PART
fbem-14773	33	30	prevent	prevent	VERB
fbem-14773	33	31	the	the	DET
fbem-14773	33	32	market	market	NOUN
fbem-14773	33	33	risk	risk	NOUN
fbem-14773	33	34	brought	bring	VERB
fbem-14773	33	35	by	by	ADP
fbem-14773	33	36	excessive	excessive	ADJ
fbem-14773	33	37	financialization	financialization	NOUN
fbem-14773	33	38	.	.	PUNCT
fbem-14773	34	1	2	2	X
fbem-14773	34	2	.	.	X
fbem-14773	34	3	theoretical	theoretical	ADJ
fbem-14773	34	4	framework	framework	NOUN
fbem-14773	34	5	and	and	CCONJ
fbem-14773	34	6	hypothesis	hypothesis	NOUN
fbem-14773	34	7	development	development	NOUN
fbem-14773	34	8	2.1	2.1	NUM
fbem-14773	34	9	.	.	PUNCT
fbem-14773	35	1	the	the	DET
fbem-14773	35	2	impact	impact	NOUN
fbem-14773	35	3	of	of	ADP
fbem-14773	35	4	customer	customer	NOUN
fbem-14773	35	5	concentration	concentration	NOUN
fbem-14773	35	6	on	on	ADP
fbem-14773	35	7	enterprise	enterprise	NOUN
fbem-14773	35	8	financialization	financialization	NOUN
fbem-14773	35	9	customer	customer	NOUN
fbem-14773	35	10	concentration	concentration	NOUN
fbem-14773	35	11	reflects	reflect	VERB
fbem-14773	35	12	the	the	DET
fbem-14773	35	13	voice	voice	NOUN
fbem-14773	35	14	and	and	CCONJ
fbem-14773	35	15	bargaining	bargaining	NOUN
fbem-14773	35	16	power	power	NOUN
fbem-14773	35	17	of	of	ADP
fbem-14773	35	18	customers	customer	NOUN
fbem-14773	35	19	in	in	ADP
fbem-14773	35	20	the	the	DET
fbem-14773	35	21	supply	supply	NOUN
fbem-14773	35	22	chain	chain	NOUN
fbem-14773	35	23	,	,	PUNCT
fbem-14773	35	24	and	and	CCONJ
fbem-14773	35	25	the	the	DET
fbem-14773	35	26	academic	academic	ADJ
fbem-14773	35	27	community	community	NOUN
fbem-14773	35	28	currently	currently	ADV
fbem-14773	35	29	analyzes	analyze	VERB
fbem-14773	35	30	its	its	PRON
fbem-14773	35	31	impact	impact	NOUN
fbem-14773	35	32	mechanism	mechanism	NOUN
fbem-14773	35	33	from	from	ADP
fbem-14773	35	34	the	the	DET
fbem-14773	35	35	fields	field	NOUN
fbem-14773	35	36	of	of	ADP
fbem-14773	35	37	corporate	corporate	ADJ
fbem-14773	35	38	finance	finance	NOUN
fbem-14773	35	39	and	and	CCONJ
fbem-14773	35	40	finance	finance	NOUN
fbem-14773	35	41	;	;	PUNCT
fbem-14773	35	42	existing	exist	VERB
fbem-14773	35	43	research	research	NOUN
fbem-14773	35	44	shows	show	VERB
fbem-14773	35	45	that	that	SCONJ
fbem-14773	35	46	the	the	DET
fbem-14773	35	47	increase	increase	NOUN
fbem-14773	35	48	of	of	ADP
fbem-14773	35	49	customer	customer	NOUN
fbem-14773	35	50	concentration	concentration	NOUN
fbem-14773	35	51	will	will	AUX
fbem-14773	35	52	have	have	VERB
fbem-14773	35	53	an	an	DET
fbem-14773	35	54	inhibitory	inhibitory	ADJ
fbem-14773	35	55	effect	effect	NOUN
fbem-14773	35	56	on	on	ADP
fbem-14773	35	57	the	the	DET
fbem-14773	35	58	profitability	profitability	NOUN
fbem-14773	35	59	of	of	ADP
fbem-14773	35	60	enterprises	enterprise	NOUN
fbem-14773	35	61	(	(	PUNCT
fbem-14773	35	62	hui	hui	PROPN
fbem-14773	35	63	et	et	PROPN
fbem-14773	35	64	.	.	PUNCT
fbem-14773	36	1	al	al	PROPN
fbem-14773	36	2	,	,	PUNCT
fbem-14773	36	3	2019	2019	NUM
fbem-14773	36	4	)	)	PUNCT
fbem-14773	36	5	,	,	PUNCT
fbem-14773	36	6	and	and	CCONJ
fbem-14773	36	7	will	will	AUX
fbem-14773	36	8	increase	increase	VERB
fbem-14773	36	9	the	the	DET
fbem-14773	36	10	possibility	possibility	NOUN
fbem-14773	36	11	of	of	ADP
fbem-14773	36	12	stock	stock	NOUN
fbem-14773	36	13	price	price	NOUN
fbem-14773	36	14	crash	crash	NOUN
fbem-14773	36	15	risk	risk	NOUN
fbem-14773	36	16	(	(	PUNCT
fbem-14773	36	17	meng	meng	PROPN
fbem-14773	36	18	,	,	PUNCT
fbem-14773	36	19	2018	2018	NUM
fbem-14773	36	20	)	)	PUNCT
fbem-14773	36	21	.	.	PUNCT
fbem-14773	37	1	customer	customer	NOUN
fbem-14773	37	2	concentration	concentration	NOUN
fbem-14773	37	3	is	be	AUX
fbem-14773	37	4	also	also	ADV
fbem-14773	37	5	considered	consider	VERB
fbem-14773	37	6	by	by	ADP
fbem-14773	37	7	some	some	DET
fbem-14773	37	8	scholars	scholar	NOUN
fbem-14773	37	9	to	to	PART
fbem-14773	37	10	produce	produce	VERB
fbem-14773	37	11	ipo	ipo	NOUN
fbem-14773	37	12	discount	discount	NOUN
fbem-14773	37	13	,	,	PUNCT
fbem-14773	37	14	which	which	PRON
fbem-14773	37	15	affects	affect	VERB
fbem-14773	37	16	the	the	DET
fbem-14773	37	17	vested	vested	ADJ
fbem-14773	37	18	interests	interest	NOUN
fbem-14773	37	19	of	of	ADP
fbem-14773	37	20	existing	exist	VERB
fbem-14773	37	21	shareholders	shareholder	NOUN
fbem-14773	37	22	(	(	PUNCT
fbem-14773	37	23	saboo	saboo	NOUN
fbem-14773	37	24	et	et	PROPN
fbem-14773	37	25	.	.	PUNCT
fbem-14773	38	1	al	al	PROPN
fbem-14773	38	2	,	,	PUNCT
fbem-14773	38	3	2017	2017	NUM
fbem-14773	38	4	)	)	PUNCT
fbem-14773	38	5	.	.	PUNCT
fbem-14773	39	1	in	in	ADP
fbem-14773	39	2	addition	addition	NOUN
fbem-14773	39	3	,	,	PUNCT
fbem-14773	39	4	customer	customer	NOUN
fbem-14773	39	5	concentration	concentration	NOUN
fbem-14773	39	6	also	also	ADV
fbem-14773	39	7	reflects	reflect	VERB
fbem-14773	39	8	the	the	DET
fbem-14773	39	9	relationship	relationship	NOUN
fbem-14773	39	10	between	between	ADP
fbem-14773	39	11	customers	customer	NOUN
fbem-14773	39	12	and	and	CCONJ
fbem-14773	39	13	upstream	upstream	ADJ
fbem-14773	39	14	and	and	CCONJ
fbem-14773	39	15	downstream	downstream	ADJ
fbem-14773	39	16	enterprises	enterprise	NOUN
fbem-14773	39	17	.	.	PUNCT
fbem-14773	40	1	based	base	VERB
fbem-14773	40	2	on	on	ADP
fbem-14773	40	3	the	the	DET
fbem-14773	40	4	transaction	transaction	NOUN
fbem-14773	40	5	cost	cost	NOUN
fbem-14773	40	6	economics	economic	NOUN
fbem-14773	40	7	theory	theory	NOUN
fbem-14773	40	8	,	,	PUNCT
fbem-14773	40	9	customer	customer	NOUN
fbem-14773	40	10	concentration	concentration	NOUN
fbem-14773	40	11	can	can	AUX
fbem-14773	40	12	enable	enable	VERB
fbem-14773	40	13	enterprises	enterprise	NOUN
fbem-14773	40	14	to	to	PART
fbem-14773	40	15	obtain	obtain	VERB
fbem-14773	40	16	more	more	ADV
fbem-14773	40	17	innovative	innovative	ADJ
fbem-14773	40	18	resources	resource	NOUN
fbem-14773	40	19	from	from	ADP
fbem-14773	40	20	the	the	DET
fbem-14773	40	21	supply	supply	NOUN
fbem-14773	40	22	chain	chain	NOUN
fbem-14773	40	23	partners	partner	NOUN
fbem-14773	40	24	more	more	ADV
fbem-14773	40	25	conveniently	conveniently	ADV
fbem-14773	40	26	(	(	PUNCT
fbem-14773	40	27	pan	pan	NOUN
fbem-14773	40	28	et	et	PROPN
fbem-14773	40	29	.	.	PUNCT
fbem-14773	41	1	al	al	PROPN
fbem-14773	41	2	,	,	PUNCT
fbem-14773	41	3	2020	2020	NUM
fbem-14773	41	4	)	)	PUNCT
fbem-14773	41	5	,	,	PUNCT
fbem-14773	41	6	and	and	CCONJ
fbem-14773	41	7	enhance	enhance	VERB
fbem-14773	41	8	the	the	DET
fbem-14773	41	9	enterprise	enterprise	NOUN
fbem-14773	41	10	’s	’s	PART
fbem-14773	41	11	r&d	r&d	NOUN
fbem-14773	41	12	investment	investment	NOUN
fbem-14773	41	13	and	and	CCONJ
fbem-14773	41	14	relational	relational	ADJ
fbem-14773	41	15	transaction	transaction	NOUN
fbem-14773	41	16	investment	investment	NOUN
fbem-14773	41	17	(	(	PUNCT
fbem-14773	41	18	dong	dong	NOUN
fbem-14773	41	19	et	et	PROPN
fbem-14773	41	20	.	.	PUNCT
fbem-14773	42	1	al	al	PROPN
fbem-14773	42	2	,	,	PUNCT
fbem-14773	42	3	2021	2021	NUM
fbem-14773	42	4	)	)	PUNCT
fbem-14773	42	5	.	.	PUNCT
fbem-14773	43	1	it	it	PRON
fbem-14773	43	2	is	be	AUX
fbem-14773	43	3	worth	worth	ADJ
fbem-14773	43	4	noting	note	VERB
fbem-14773	43	5	that	that	SCONJ
fbem-14773	43	6	the	the	DET
fbem-14773	43	7	differentiated	differentiated	ADJ
fbem-14773	43	8	level	level	NOUN
fbem-14773	43	9	of	of	ADP
fbem-14773	43	10	customer	customer	NOUN
fbem-14773	43	11	concentration	concentration	NOUN
fbem-14773	43	12	will	will	AUX
fbem-14773	43	13	have	have	VERB
fbem-14773	43	14	heterogeneous	heterogeneous	ADJ
fbem-14773	43	15	effects	effect	NOUN
fbem-14773	43	16	on	on	ADP
fbem-14773	43	17	enterprises	enterprise	NOUN
fbem-14773	43	18	.	.	PUNCT
fbem-14773	44	1	when	when	SCONJ
fbem-14773	44	2	customer	customer	NOUN
fbem-14773	44	3	concentration	concentration	NOUN
fbem-14773	44	4	is	be	AUX
fbem-14773	44	5	low	low	ADJ
fbem-14773	44	6	,	,	PUNCT
fbem-14773	44	7	enterprises	enterprise	NOUN
fbem-14773	44	8	tend	tend	VERB
fbem-14773	44	9	to	to	PART
fbem-14773	44	10	emphasize	emphasize	VERB
fbem-14773	44	11	the	the	DET
fbem-14773	44	12	“	"	PUNCT
fbem-14773	44	13	cooperative	cooperative	ADJ
fbem-14773	44	14	governance	governance	NOUN
fbem-14773	44	15	”	"	PUNCT
fbem-14773	44	16	relationship	relationship	NOUN
fbem-14773	44	17	to	to	PART
fbem-14773	44	18	reduce	reduce	VERB
fbem-14773	44	19	the	the	DET
fbem-14773	44	20	operational	operational	ADJ
fbem-14773	44	21	risk	risk	NOUN
fbem-14773	44	22	brought	bring	VERB
fbem-14773	44	23	by	by	ADP
fbem-14773	44	24	financial	financial	ADJ
fbem-14773	44	25	asset	asset	NOUN
fbem-14773	44	26	allocation	allocation	NOUN
fbem-14773	44	27	.	.	PUNCT
fbem-14773	45	1	in	in	ADP
fbem-14773	45	2	this	this	DET
fbem-14773	45	3	case	case	NOUN
fbem-14773	45	4	,	,	PUNCT
fbem-14773	45	5	enterprises	enterprise	NOUN
fbem-14773	45	6	tend	tend	VERB
fbem-14773	45	7	to	to	PART
fbem-14773	45	8	pay	pay	VERB
fbem-14773	45	9	more	more	ADJ
fbem-14773	45	10	attention	attention	NOUN
fbem-14773	45	11	to	to	ADP
fbem-14773	45	12	diversified	diversified	ADJ
fbem-14773	45	13	development	development	NOUN
fbem-14773	45	14	,	,	PUNCT
fbem-14773	45	15	and	and	CCONJ
fbem-14773	45	16	avoid	avoid	VERB
fbem-14773	45	17	excessive	excessive	ADJ
fbem-14773	45	18	dependence	dependence	NOUN
fbem-14773	45	19	on	on	ADP
fbem-14773	45	20	a	a	DET
fbem-14773	45	21	specific	specific	ADJ
fbem-14773	45	22	customer	customer	NOUN
fbem-14773	45	23	.	.	PUNCT
fbem-14773	46	1	however	however	ADV
fbem-14773	46	2	,	,	PUNCT
fbem-14773	46	3	with	with	ADP
fbem-14773	46	4	the	the	DET
fbem-14773	46	5	increase	increase	NOUN
fbem-14773	46	6	of	of	ADP
fbem-14773	46	7	customer	customer	NOUN
fbem-14773	46	8	concentration	concentration	NOUN
fbem-14773	46	9	,	,	PUNCT
fbem-14773	46	10	enterprises	enterprise	NOUN
fbem-14773	46	11	face	face	VERB
fbem-14773	46	12	new	new	ADJ
fbem-14773	46	13	challenges	challenge	NOUN
fbem-14773	46	14	,	,	PUNCT
fbem-14773	46	15	such	such	ADJ
fbem-14773	46	16	as	as	ADP
fbem-14773	46	17	the	the	DET
fbem-14773	46	18	relationship	relationship	NOUN
fbem-14773	46	19	transaction	transaction	NOUN
fbem-14773	46	20	cost	cost	NOUN
fbem-14773	46	21	of	of	ADP
fbem-14773	46	22	enterprises	enterprise	NOUN
fbem-14773	46	23	gradually	gradually	ADV
fbem-14773	46	24	exceeds	exceed	VERB
fbem-14773	46	25	the	the	DET
fbem-14773	46	26	expected	expect	VERB
fbem-14773	46	27	return	return	NOUN
fbem-14773	46	28	.	.	PUNCT
fbem-14773	47	1	this	this	PRON
fbem-14773	47	2	will	will	AUX
fbem-14773	47	3	force	force	VERB
fbem-14773	47	4	enterprises	enterprise	NOUN
fbem-14773	47	5	to	to	PART
fbem-14773	47	6	increase	increase	VERB
fbem-14773	47	7	the	the	DET
fbem-14773	47	8	investment	investment	NOUN
fbem-14773	47	9	of	of	ADP
fbem-14773	47	10	specific	specific	ADJ
fbem-14773	47	11	assets	asset	NOUN
fbem-14773	47	12	,	,	PUNCT
fbem-14773	47	13	but	but	CCONJ
fbem-14773	47	14	this	this	DET
fbem-14773	47	15	behavior	behavior	NOUN
fbem-14773	47	16	may	may	AUX
fbem-14773	47	17	bring	bring	VERB
fbem-14773	47	18	financial	financial	ADJ
fbem-14773	47	19	crisis	crisis	NOUN
fbem-14773	47	20	and	and	CCONJ
fbem-14773	47	21	“	"	PUNCT
fbem-14773	47	22	lock	lock	NOUN
fbem-14773	47	23	-	-	PUNCT
fbem-14773	47	24	in	in	ADP
fbem-14773	47	25	”	"	PUNCT
fbem-14773	47	26	risk	risk	NOUN
fbem-14773	47	27	.	.	PUNCT
fbem-14773	48	1	enterprises	enterprise	NOUN
fbem-14773	48	2	in	in	ADP
fbem-14773	48	3	this	this	DET
fbem-14773	48	4	situation	situation	NOUN
fbem-14773	48	5	often	often	ADV
fbem-14773	48	6	need	need	VERB
fbem-14773	48	7	to	to	PART
fbem-14773	48	8	face	face	VERB
fbem-14773	48	9	the	the	DET
fbem-14773	48	10	risk	risk	NOUN
fbem-14773	48	11	of	of	ADP
fbem-14773	48	12	profit	profit	NOUN
fbem-14773	48	13	erosion	erosion	NOUN
fbem-14773	48	14	,	,	PUNCT
fbem-14773	48	15	and	and	CCONJ
fbem-14773	48	16	have	have	VERB
fbem-14773	48	17	to	to	PART
fbem-14773	48	18	increase	increase	VERB
fbem-14773	48	19	the	the	DET
fbem-14773	48	20	allocation	allocation	NOUN
fbem-14773	48	21	of	of	ADP
fbem-14773	48	22	financial	financial	ADJ
fbem-14773	48	23	assets	asset	NOUN
fbem-14773	48	24	to	to	PART
fbem-14773	48	25	enhance	enhance	VERB
fbem-14773	48	26	their	their	PRON
fbem-14773	48	27	risk	risk	NOUN
fbem-14773	48	28	resistance	resistance	NOUN
fbem-14773	48	29	.	.	PUNCT
fbem-14773	49	1	high	high	ADJ
fbem-14773	49	2	customer	customer	NOUN
fbem-14773	49	3	concentration	concentration	NOUN
fbem-14773	49	4	gives	give	VERB
fbem-14773	49	5	customers	customer	NOUN
fbem-14773	49	6	more	more	ADJ
fbem-14773	49	7	bargaining	bargaining	NOUN
fbem-14773	49	8	advantage	advantage	NOUN
fbem-14773	49	9	,	,	PUNCT
fbem-14773	49	10	which	which	PRON
fbem-14773	49	11	may	may	AUX
fbem-14773	49	12	lead	lead	VERB
fbem-14773	49	13	to	to	ADP
fbem-14773	49	14	higher	high	ADJ
fbem-14773	49	15	operational	operational	ADJ
fbem-14773	49	16	risk	risk	NOUN
fbem-14773	49	17	for	for	ADP
fbem-14773	49	18	enterprises	enterprise	NOUN
fbem-14773	49	19	(	(	PUNCT
fbem-14773	49	20	peng	peng	PROPN
fbem-14773	49	21	et	et	PROPN
fbem-14773	49	22	.	.	PUNCT
fbem-14773	50	1	al	al	PROPN
fbem-14773	50	2	,	,	PUNCT
fbem-14773	50	3	2019	2019	NUM
fbem-14773	50	4	)	)	PUNCT
fbem-14773	50	5	.	.	PUNCT
fbem-14773	51	1	in	in	ADP
fbem-14773	51	2	order	order	NOUN
fbem-14773	51	3	to	to	PART
fbem-14773	51	4	prevent	prevent	VERB
fbem-14773	51	5	risk	risk	NOUN
fbem-14773	51	6	,	,	PUNCT
fbem-14773	51	7	enterprises	enterprise	NOUN
fbem-14773	51	8	must	must	AUX
fbem-14773	51	9	allocate	allocate	VERB
fbem-14773	51	10	financial	financial	ADJ
fbem-14773	51	11	assets	asset	NOUN
fbem-14773	51	12	with	with	ADP
fbem-14773	51	13	higher	high	ADJ
fbem-14773	51	14	liquidity	liquidity	NOUN
fbem-14773	51	15	,	,	PUNCT
fbem-14773	51	16	so	so	SCONJ
fbem-14773	51	17	as	as	SCONJ
fbem-14773	51	18	to	to	PART
fbem-14773	51	19	quickly	quickly	ADV
fbem-14773	51	20	respond	respond	VERB
fbem-14773	51	21	to	to	ADP
fbem-14773	51	22	risk	risk	NOUN
fbem-14773	51	23	situations	situation	NOUN
fbem-14773	51	24	when	when	SCONJ
fbem-14773	51	25	needed	need	VERB
fbem-14773	51	26	.	.	PUNCT
fbem-14773	52	1	in	in	ADP
fbem-14773	52	2	addition	addition	NOUN
fbem-14773	52	3	,	,	PUNCT
fbem-14773	52	4	the	the	DET
fbem-14773	52	5	highly	highly	ADV
fbem-14773	52	6	concentrated	concentrated	ADJ
fbem-14773	52	7	customer	customer	NOUN
fbem-14773	52	8	bargaining	bargaining	NOUN
fbem-14773	52	9	power	power	NOUN
fbem-14773	52	10	may	may	AUX
fbem-14773	52	11	also	also	ADV
fbem-14773	52	12	transfer	transfer	VERB
fbem-14773	52	13	risk	risk	NOUN
fbem-14773	52	14	to	to	ADP
fbem-14773	52	15	suppliers	supplier	NOUN
fbem-14773	52	16	,	,	PUNCT
fbem-14773	52	17	which	which	PRON
fbem-14773	52	18	has	have	VERB
fbem-14773	52	19	a	a	DET
fbem-14773	52	20	negative	negative	ADJ
fbem-14773	52	21	impact	impact	NOUN
fbem-14773	52	22	on	on	ADP
fbem-14773	52	23	the	the	DET
fbem-14773	52	24	operation	operation	NOUN
fbem-14773	52	25	of	of	ADP
fbem-14773	52	26	enterprises	enterprise	NOUN
fbem-14773	52	27	.	.	PUNCT
fbem-14773	53	1	enterprises	enterprise	NOUN
fbem-14773	53	2	in	in	ADP
fbem-14773	53	3	this	this	DET
fbem-14773	53	4	situation	situation	NOUN
fbem-14773	53	5	will	will	AUX
fbem-14773	53	6	feel	feel	VERB
fbem-14773	53	7	the	the	DET
fbem-14773	53	8	pressure	pressure	NOUN
fbem-14773	53	9	from	from	ADP
fbem-14773	53	10	powerful	powerful	ADJ
fbem-14773	53	11	customers	customer	NOUN
fbem-14773	53	12	,	,	PUNCT
fbem-14773	53	13	and	and	CCONJ
fbem-14773	53	14	may	may	AUX
fbem-14773	53	15	have	have	VERB
fbem-14773	53	16	to	to	PART
fbem-14773	53	17	accept	accept	VERB
fbem-14773	53	18	requests	request	NOUN
fbem-14773	53	19	that	that	PRON
fbem-14773	53	20	are	be	AUX
fbem-14773	53	21	detrimental	detrimental	ADJ
fbem-14773	53	22	to	to	ADP
fbem-14773	53	23	their	their	PRON
fbem-14773	53	24	own	own	ADJ
fbem-14773	53	25	interests	interest	NOUN
fbem-14773	53	26	.	.	PUNCT
fbem-14773	54	1	based	base	VERB
fbem-14773	54	2	on	on	ADP
fbem-14773	54	3	the	the	DET
fbem-14773	54	4	above	above	ADJ
fbem-14773	54	5	analysis	analysis	NOUN
fbem-14773	54	6	,	,	PUNCT
fbem-14773	54	7	this	this	DET
fbem-14773	54	8	paper	paper	NOUN
fbem-14773	54	9	will	will	AUX
fbem-14773	54	10	propose	propose	VERB
fbem-14773	54	11	the	the	DET
fbem-14773	54	12	following	follow	VERB
fbem-14773	54	13	hypothesis	hypothesis	NOUN
fbem-14773	54	14	:	:	PUNCT
fbem-14773	54	15	h1	h1	PROPN
fbem-14773	54	16	:	:	PUNCT
fbem-14773	54	17	keeping	keep	VERB
fbem-14773	54	18	other	other	ADJ
fbem-14773	54	19	conditions	condition	NOUN
fbem-14773	54	20	unchanged	unchanged	ADJ
fbem-14773	54	21	,	,	PUNCT
fbem-14773	54	22	customer	customer	NOUN
fbem-14773	54	23	concentration	concentration	NOUN
fbem-14773	54	24	has	have	VERB
fbem-14773	54	25	an	an	DET
fbem-14773	54	26	inhibitory	inhibitory	ADJ
fbem-14773	54	27	effect	effect	NOUN
fbem-14773	54	28	on	on	ADP
fbem-14773	54	29	enterprise	enterprise	NOUN
fbem-14773	54	30	financialization	financialization	NOUN
fbem-14773	54	31	.	.	PUNCT
fbem-14773	55	1	2.2	2.2	NUM
fbem-14773	55	2	.	.	PUNCT
fbem-14773	56	1	the	the	DET
fbem-14773	56	2	adjustment	adjustment	NOUN
fbem-14773	56	3	effect	effect	NOUN
fbem-14773	56	4	of	of	ADP
fbem-14773	56	5	surplus	surplus	ADJ
fbem-14773	56	6	management	management	NOUN
fbem-14773	56	7	on	on	ADP
fbem-14773	56	8	enterprise	enterprise	NOUN
fbem-14773	56	9	financial	financial	ADJ
fbem-14773	56	10	asset	asset	NOUN
fbem-14773	56	11	allocation	allocation	NOUN
fbem-14773	56	12	the	the	DET
fbem-14773	56	13	moderating	moderate	VERB
fbem-14773	56	14	effect	effect	NOUN
fbem-14773	56	15	of	of	ADP
fbem-14773	56	16	earnings	earning	NOUN
fbem-14773	56	17	management	management	NOUN
fbem-14773	56	18	on	on	ADP
fbem-14773	56	19	the	the	DET
fbem-14773	56	20	financial	financial	ADJ
fbem-14773	56	21	asset	asset	NOUN
fbem-14773	56	22	allocation	allocation	NOUN
fbem-14773	56	23	of	of	ADP
fbem-14773	56	24	enterprises	enterprise	NOUN
fbem-14773	56	25	moderate	moderate	ADJ
fbem-14773	56	26	financialization	financialization	NOUN
fbem-14773	56	27	has	have	VERB
fbem-14773	56	28	a	a	DET
fbem-14773	56	29	profound	profound	ADJ
fbem-14773	56	30	impact	impact	NOUN
fbem-14773	56	31	on	on	ADP
fbem-14773	56	32	the	the	DET
fbem-14773	56	33	financial	financial	ADJ
fbem-14773	56	34	and	and	CCONJ
fbem-14773	56	35	operational	operational	ADJ
fbem-14773	56	36	performance	performance	NOUN
fbem-14773	56	37	of	of	ADP
fbem-14773	56	38	enterprises	enterprise	NOUN
fbem-14773	56	39	.	.	PUNCT
fbem-14773	57	1	there	there	PRON
fbem-14773	57	2	is	be	VERB
fbem-14773	57	3	a	a	DET
fbem-14773	57	4	subtle	subtle	ADJ
fbem-14773	57	5	balance	balance	NOUN
fbem-14773	57	6	between	between	ADP
fbem-14773	57	7	financialization	financialization	NOUN
fbem-14773	57	8	and	and	CCONJ
fbem-14773	57	9	earnings	earning	NOUN
fbem-14773	57	10	management	management	NOUN
fbem-14773	57	11	.	.	PUNCT
fbem-14773	58	1	moderate	moderate	ADJ
fbem-14773	58	2	financialization	financialization	NOUN
fbem-14773	58	3	can	can	AUX
fbem-14773	58	4	help	help	VERB
fbem-14773	58	5	enterprises	enterprise	NOUN
fbem-14773	58	6	reduce	reduce	VERB
fbem-14773	58	7	financial	financial	ADJ
fbem-14773	58	8	risk	risk	NOUN
fbem-14773	58	9	,	,	PUNCT
fbem-14773	58	10	enhance	enhance	VERB
fbem-14773	58	11	operational	operational	ADJ
fbem-14773	58	12	performance	performance	NOUN
fbem-14773	58	13	,	,	PUNCT
fbem-14773	58	14	and	and	CCONJ
fbem-14773	58	15	reduce	reduce	VERB
fbem-14773	58	16	the	the	DET
fbem-14773	58	17	tendency	tendency	NOUN
fbem-14773	58	18	of	of	ADP
fbem-14773	58	19	earnings	earning	NOUN
fbem-14773	58	20	management	management	NOUN
fbem-14773	58	21	.	.	PUNCT
fbem-14773	59	1	however	however	ADV
fbem-14773	59	2	,	,	PUNCT
fbem-14773	59	3	when	when	SCONJ
fbem-14773	59	4	the	the	DET
fbem-14773	59	5	degree	degree	NOUN
fbem-14773	59	6	of	of	ADP
fbem-14773	59	7	financialization	financialization	NOUN
fbem-14773	59	8	is	be	AUX
fbem-14773	59	9	excessive	excessive	ADJ
fbem-14773	59	10	,	,	PUNCT
fbem-14773	59	11	it	it	PRON
fbem-14773	59	12	often	often	ADV
fbem-14773	59	13	triggers	trigger	VERB
fbem-14773	59	14	the	the	DET
fbem-14773	59	15	potential	potential	ADJ
fbem-14773	59	16	threat	threat	NOUN
fbem-14773	59	17	of	of	ADP
fbem-14773	59	18	financial	financial	ADJ
fbem-14773	59	19	risk	risk	NOUN
fbem-14773	59	20	,	,	PUNCT
fbem-14773	59	21	reduces	reduce	VERB
fbem-14773	59	22	the	the	DET
fbem-14773	59	23	performance	performance	NOUN
fbem-14773	59	24	level	level	NOUN
fbem-14773	59	25	of	of	ADP
fbem-14773	59	26	enterprises	enterprise	NOUN
fbem-14773	59	27	,	,	PUNCT
fbem-14773	59	28	and	and	CCONJ
fbem-14773	59	29	induces	induce	VERB
fbem-14773	59	30	earnings	earning	NOUN
fbem-14773	59	31	management	management	NOUN
fbem-14773	59	32	behavior	behavior	NOUN
fbem-14773	59	33	(	(	PUNCT
fbem-14773	59	34	gulzar	gulzar	PROPN
fbem-14773	59	35	,	,	PUNCT
fbem-14773	59	36	2011	2011	NUM
fbem-14773	59	37	)	)	PUNCT
fbem-14773	59	38	.	.	PUNCT
fbem-14773	60	1	in	in	ADP
fbem-14773	60	2	addition	addition	NOUN
fbem-14773	60	3	,	,	PUNCT
fbem-14773	60	4	earnings	earning	NOUN
fbem-14773	60	5	management	management	NOUN
fbem-14773	60	6	also	also	ADV
fbem-14773	60	7	has	have	VERB
fbem-14773	60	8	a	a	DET
fbem-14773	60	9	significant	significant	ADJ
fbem-14773	60	10	impact	impact	NOUN
fbem-14773	60	11	on	on	ADP
fbem-14773	60	12	the	the	DET
fbem-14773	60	13	excessive	excessive	ADJ
fbem-14773	60	14	financialization	financialization	NOUN
fbem-14773	60	15	of	of	ADP
fbem-14773	60	16	enterprises	enterprise	NOUN
fbem-14773	60	17	.	.	PUNCT
fbem-14773	61	1	when	when	SCONJ
fbem-14773	61	2	financialization	financialization	NOUN
fbem-14773	61	3	is	be	AUX
fbem-14773	61	4	excessive	excessive	ADJ
fbem-14773	61	5	,	,	PUNCT
fbem-14773	61	6	enterprises	enterprise	NOUN
fbem-14773	61	7	tend	tend	VERB
fbem-14773	61	8	to	to	PART
fbem-14773	61	9	show	show	VERB
fbem-14773	61	10	excessive	excessive	ADJ
fbem-14773	61	11	risk	risk	NOUN
fbem-14773	61	12	and	and	CCONJ
fbem-14773	61	13	affect	affect	VERB
fbem-14773	61	14	the	the	DET
fbem-14773	61	15	uncertainty	uncertainty	NOUN
fbem-14773	61	16	of	of	ADP
fbem-14773	61	17	information	information	NOUN
fbem-14773	61	18	and	and	CCONJ
fbem-14773	61	19	decision	decision	NOUN
fbem-14773	61	20	-	-	PUNCT
fbem-14773	61	21	making	making	NOUN
fbem-14773	61	22	.	.	PUNCT
fbem-14773	62	1	the	the	DET
fbem-14773	62	2	impact	impact	NOUN
fbem-14773	62	3	is	be	AUX
fbem-14773	62	4	usually	usually	ADV
fbem-14773	62	5	divided	divide	VERB
fbem-14773	62	6	into	into	ADP
fbem-14773	62	7	short	short	ADJ
fbem-14773	62	8	-	-	PUNCT
fbem-14773	62	9	term	term	NOUN
fbem-14773	62	10	and	and	CCONJ
fbem-14773	62	11	long	long	ADJ
fbem-14773	62	12	-	-	PUNCT
fbem-14773	62	13	term	term	NOUN
fbem-14773	62	14	.	.	PUNCT
fbem-14773	63	1	in	in	ADP
fbem-14773	63	2	the	the	DET
fbem-14773	63	3	short	short	ADJ
fbem-14773	63	4	term	term	NOUN
fbem-14773	63	5	,	,	PUNCT
fbem-14773	63	6	enterprises	enterprise	NOUN
fbem-14773	63	7	may	may	AUX
fbem-14773	63	8	be	be	AUX
fbem-14773	63	9	able	able	ADJ
fbem-14773	63	10	to	to	PART
fbem-14773	63	11	obtain	obtain	VERB
fbem-14773	63	12	high	high	ADJ
fbem-14773	63	13	returns	return	NOUN
fbem-14773	63	14	,	,	PUNCT
fbem-14773	63	15	but	but	CCONJ
fbem-14773	63	16	accompanied	accompany	VERB
fbem-14773	63	17	by	by	ADP
fbem-14773	63	18	greater	great	ADJ
fbem-14773	63	19	uncertainty	uncertainty	NOUN
fbem-14773	63	20	,	,	PUNCT
fbem-14773	63	21	which	which	PRON
fbem-14773	63	22	directly	directly	ADV
fbem-14773	63	23	affects	affect	VERB
fbem-14773	63	24	the	the	DET
fbem-14773	63	25	stability	stability	NOUN
fbem-14773	63	26	and	and	CCONJ
fbem-14773	63	27	risk	risk	NOUN
fbem-14773	63	28	-	-	PUNCT
fbem-14773	63	29	bearing	bear	VERB
fbem-14773	63	30	ability	ability	NOUN
fbem-14773	63	31	of	of	ADP
fbem-14773	63	32	enterprise	enterprise	NOUN
fbem-14773	63	33	operation	operation	NOUN
fbem-14773	63	34	.	.	PUNCT
fbem-14773	64	1	in	in	ADP
fbem-14773	64	2	the	the	DET
fbem-14773	64	3	long	long	ADJ
fbem-14773	64	4	term	term	NOUN
fbem-14773	64	5	,	,	PUNCT
fbem-14773	64	6	enterprises	enterprise	NOUN
fbem-14773	64	7	may	may	AUX
fbem-14773	64	8	deviate	deviate	VERB
fbem-14773	64	9	from	from	ADP
fbem-14773	64	10	their	their	PRON
fbem-14773	64	11	traditional	traditional	ADJ
fbem-14773	64	12	business	business	NOUN
fbem-14773	64	13	model	model	NOUN
fbem-14773	64	14	due	due	ADP
fbem-14773	64	15	to	to	ADP
fbem-14773	64	16	excessive	excessive	ADJ
fbem-14773	64	17	reliance	reliance	NOUN
fbem-14773	64	18	on	on	ADP
fbem-14773	64	19	capital	capital	NOUN
fbem-14773	64	20	operation	operation	NOUN
fbem-14773	64	21	,	,	PUNCT
fbem-14773	64	22	which	which	PRON
fbem-14773	64	23	may	may	AUX
fbem-14773	64	24	make	make	VERB
fbem-14773	64	25	enterprises	enterprise	NOUN
fbem-14773	64	26	less	less	ADV
fbem-14773	64	27	flexible	flexible	ADJ
fbem-14773	64	28	in	in	ADP
fbem-14773	64	29	coping	cope	VERB
fbem-14773	64	30	with	with	ADP
fbem-14773	64	31	market	market	NOUN
fbem-14773	64	32	changes	change	NOUN
fbem-14773	64	33	and	and	CCONJ
fbem-14773	64	34	risks	risk	NOUN
fbem-14773	64	35	,	,	PUNCT
fbem-14773	64	36	and	and	CCONJ
fbem-14773	64	37	weaken	weaken	VERB
fbem-14773	64	38	the	the	DET
fbem-14773	64	39	level	level	NOUN
fbem-14773	64	40	of	of	ADP
fbem-14773	64	41	enterprise	enterprise	NOUN
fbem-14773	64	42	financialization	financialization	NOUN
fbem-14773	64	43	allocation	allocation	NOUN
fbem-14773	64	44	.	.	PUNCT
fbem-14773	65	1	based	base	VERB
fbem-14773	65	2	on	on	ADP
fbem-14773	65	3	the	the	DET
fbem-14773	65	4	above	above	ADJ
fbem-14773	65	5	analysis	analysis	NOUN
fbem-14773	65	6	,	,	PUNCT
fbem-14773	65	7	this	this	DET
fbem-14773	65	8	paper	paper	NOUN
fbem-14773	65	9	will	will	AUX
fbem-14773	65	10	propose	propose	VERB
fbem-14773	65	11	the	the	DET
fbem-14773	65	12	following	follow	VERB
fbem-14773	65	13	hypothesis	hypothesis	NOUN
fbem-14773	65	14	,	,	PUNCT
fbem-14773	65	15	that	that	PRON
fbem-14773	65	16	is	be	AUX
fbem-14773	65	17	:	:	PUNCT
fbem-14773	65	18	when	when	SCONJ
fbem-14773	65	19	the	the	DET
fbem-14773	65	20	degree	degree	NOUN
fbem-14773	65	21	of	of	ADP
fbem-14773	65	22	earnings	earning	NOUN
fbem-14773	65	23	management	management	NOUN
fbem-14773	65	24	is	be	AUX
fbem-14773	65	25	higher	high	ADJ
fbem-14773	65	26	,	,	PUNCT
fbem-14773	65	27	the	the	DET
fbem-14773	65	28	inhibitory	inhibitory	ADJ
fbem-14773	65	29	effect	effect	NOUN
fbem-14773	65	30	of	of	ADP
fbem-14773	65	31	customer	customer	NOUN
fbem-14773	65	32	concentration	concentration	NOUN
fbem-14773	65	33	on	on	ADP
fbem-14773	65	34	the	the	DET
fbem-14773	65	35	level	level	NOUN
fbem-14773	65	36	of	of	ADP
fbem-14773	65	37	enterprise	enterprise	NOUN
fbem-14773	65	38	financial	financial	ADJ
fbem-14773	65	39	asset	asset	NOUN
fbem-14773	65	40	allocation	allocation	NOUN
fbem-14773	65	41	is	be	AUX
fbem-14773	65	42	more	more	ADV
fbem-14773	65	43	significant	significant	ADJ
fbem-14773	65	44	.	.	PUNCT
fbem-14773	66	1	the	the	DET
fbem-14773	66	2	reason	reason	NOUN
fbem-14773	66	3	is	be	AUX
fbem-14773	66	4	as	as	SCONJ
fbem-14773	66	5	follows	follow	VERB
fbem-14773	66	6	:	:	PUNCT
fbem-14773	66	7	when	when	SCONJ
fbem-14773	66	8	enterprises	enterprise	NOUN
fbem-14773	66	9	increase	increase	VERB
fbem-14773	66	10	the	the	DET
fbem-14773	66	11	degree	degree	NOUN
fbem-14773	66	12	of	of	ADP
fbem-14773	66	13	earnings	earning	NOUN
fbem-14773	66	14	management	management	NOUN
fbem-14773	66	15	,	,	PUNCT
fbem-14773	66	16	customers	customer	NOUN
fbem-14773	66	17	have	have	VERB
fbem-14773	66	18	a	a	DET
fbem-14773	66	19	cautious	cautious	ADJ
fbem-14773	66	20	attitude	attitude	NOUN
fbem-14773	66	21	towards	towards	ADP
fbem-14773	66	22	the	the	DET
fbem-14773	66	23	investment	investment	NOUN
fbem-14773	66	24	of	of	ADP
fbem-14773	66	25	enterprises	enterprise	NOUN
fbem-14773	66	26	due	due	ADP
fbem-14773	66	27	to	to	ADP
fbem-14773	66	28	information	information	NOUN
fbem-14773	66	29	asymmetry	asymmetry	NOUN
fbem-14773	66	30	,	,	PUNCT
fbem-14773	66	31	which	which	PRON
fbem-14773	66	32	increases	increase	VERB
fbem-14773	66	33	the	the	DET
fbem-14773	66	34	financial	financial	ADJ
fbem-14773	66	35	risk	risk	NOUN
fbem-14773	66	36	of	of	ADP
fbem-14773	66	37	enterprises	enterprise	NOUN
fbem-14773	66	38	.	.	PUNCT
fbem-14773	67	1	h2	h2	NOUN
fbem-14773	67	2	:	:	PUNCT
fbem-14773	67	3	the	the	PRON
fbem-14773	67	4	higher	high	ADJ
fbem-14773	67	5	the	the	DET
fbem-14773	67	6	degree	degree	NOUN
fbem-14773	67	7	of	of	ADP
fbem-14773	67	8	earnings	earning	NOUN
fbem-14773	67	9	management	management	NOUN
fbem-14773	67	10	,	,	PUNCT
fbem-14773	67	11	the	the	PRON
fbem-14773	67	12	more	more	ADV
fbem-14773	67	13	significant	significant	ADJ
fbem-14773	67	14	the	the	DET
fbem-14773	67	15	inhibitory	inhibitory	ADJ
fbem-14773	67	16	effect	effect	NOUN
fbem-14773	67	17	of	of	ADP
fbem-14773	67	18	customer	customer	NOUN
fbem-14773	67	19	concentration	concentration	NOUN
fbem-14773	67	20	on	on	ADP
fbem-14773	67	21	the	the	DET
fbem-14773	67	22	level	level	NOUN
fbem-14773	67	23	of	of	ADP
fbem-14773	67	24	enterprise	enterprise	NOUN
fbem-14773	67	25	financial	financial	ADJ
fbem-14773	67	26	asset	asset	NOUN
fbem-14773	67	27	allocation	allocation	NOUN
fbem-14773	67	28	.	.	PUNCT
fbem-14773	68	1	126	126	NUM
fbem-14773	68	2	2.3	2.3	NUM
fbem-14773	68	3	.	.	PUNCT
fbem-14773	69	1	the	the	DET
fbem-14773	69	2	moderating	moderate	VERB
fbem-14773	69	3	effect	effect	NOUN
fbem-14773	69	4	of	of	ADP
fbem-14773	69	5	financing	financing	NOUN
fbem-14773	69	6	constraints	constraint	NOUN
fbem-14773	69	7	on	on	ADP
fbem-14773	69	8	the	the	DET
fbem-14773	69	9	financial	financial	ADJ
fbem-14773	69	10	asset	asset	NOUN
fbem-14773	69	11	allocation	allocation	NOUN
fbem-14773	69	12	of	of	ADP
fbem-14773	69	13	enterprises	enterprise	NOUN
fbem-14773	69	14	financing	financing	NOUN
fbem-14773	69	15	constraints	constraint	NOUN
fbem-14773	69	16	are	be	AUX
fbem-14773	69	17	often	often	ADV
fbem-14773	69	18	affected	affect	VERB
fbem-14773	69	19	by	by	ADP
fbem-14773	69	20	external	external	ADJ
fbem-14773	69	21	factors	factor	NOUN
fbem-14773	69	22	to	to	PART
fbem-14773	69	23	increase	increase	VERB
fbem-14773	69	24	the	the	DET
fbem-14773	69	25	risk	risk	NOUN
fbem-14773	69	26	expectation	expectation	NOUN
fbem-14773	69	27	under	under	ADP
fbem-14773	69	28	the	the	DET
fbem-14773	69	29	premise	premise	NOUN
fbem-14773	69	30	of	of	ADP
fbem-14773	69	31	increasing	increase	VERB
fbem-14773	69	32	customer	customer	NOUN
fbem-14773	69	33	concentration	concentration	NOUN
fbem-14773	69	34	,	,	PUNCT
fbem-14773	69	35	which	which	PRON
fbem-14773	69	36	leads	lead	VERB
fbem-14773	69	37	to	to	ADP
fbem-14773	69	38	the	the	DET
fbem-14773	69	39	increase	increase	NOUN
fbem-14773	69	40	of	of	ADP
fbem-14773	69	41	external	external	ADJ
fbem-14773	69	42	financing	financing	NOUN
fbem-14773	69	43	cost	cost	NOUN
fbem-14773	69	44	of	of	ADP
fbem-14773	69	45	enterprises	enterprise	NOUN
fbem-14773	69	46	(	(	PUNCT
fbem-14773	69	47	zhou	zhou	PROPN
fbem-14773	69	48	et	et	PROPN
fbem-14773	69	49	.	.	PUNCT
fbem-14773	70	1	al	al	PROPN
fbem-14773	70	2	,	,	PUNCT
fbem-14773	70	3	2019	2019	NUM
fbem-14773	70	4	)	)	PUNCT
fbem-14773	70	5	.	.	PUNCT
fbem-14773	71	1	financing	financing	NOUN
fbem-14773	71	2	constraints	constraint	NOUN
fbem-14773	71	3	are	be	AUX
fbem-14773	71	4	often	often	ADV
fbem-14773	71	5	the	the	DET
fbem-14773	71	6	joint	joint	ADJ
fbem-14773	71	7	effect	effect	NOUN
fbem-14773	71	8	of	of	ADP
fbem-14773	71	9	internal	internal	ADJ
fbem-14773	71	10	and	and	CCONJ
fbem-14773	71	11	external	external	ADJ
fbem-14773	71	12	factors	factor	NOUN
fbem-14773	71	13	,	,	PUNCT
fbem-14773	71	14	and	and	CCONJ
fbem-14773	71	15	the	the	DET
fbem-14773	71	16	internal	internal	ADJ
fbem-14773	71	17	ones	one	NOUN
fbem-14773	71	18	are	be	AUX
fbem-14773	71	19	often	often	ADV
fbem-14773	71	20	manifested	manifest	VERB
fbem-14773	71	21	as	as	ADP
fbem-14773	71	22	internal	internal	ADJ
fbem-14773	71	23	profit	profit	NOUN
fbem-14773	71	24	retention	retention	NOUN
fbem-14773	71	25	,	,	PUNCT
fbem-14773	71	26	while	while	SCONJ
fbem-14773	71	27	some	some	DET
fbem-14773	71	28	existing	exist	VERB
fbem-14773	71	29	studies	study	NOUN
fbem-14773	71	30	discuss	discuss	VERB
fbem-14773	71	31	the	the	DET
fbem-14773	71	32	impact	impact	NOUN
fbem-14773	71	33	of	of	ADP
fbem-14773	71	34	financing	financing	NOUN
fbem-14773	71	35	constraints	constraint	NOUN
fbem-14773	71	36	from	from	ADP
fbem-14773	71	37	external	external	ADJ
fbem-14773	71	38	factors	factor	NOUN
fbem-14773	71	39	.	.	PUNCT
fbem-14773	72	1	existing	exist	VERB
fbem-14773	72	2	studies	study	NOUN
fbem-14773	72	3	show	show	VERB
fbem-14773	72	4	that	that	SCONJ
fbem-14773	72	5	financing	financing	NOUN
fbem-14773	72	6	constraints	constraint	NOUN
fbem-14773	72	7	have	have	VERB
fbem-14773	72	8	a	a	DET
fbem-14773	72	9	significant	significant	ADJ
fbem-14773	72	10	inhibitory	inhibitory	ADJ
fbem-14773	72	11	effect	effect	NOUN
fbem-14773	72	12	on	on	ADP
fbem-14773	72	13	the	the	DET
fbem-14773	72	14	degree	degree	NOUN
fbem-14773	72	15	of	of	ADP
fbem-14773	72	16	financialization	financialization	NOUN
fbem-14773	72	17	of	of	ADP
fbem-14773	72	18	enterprises	enterprise	NOUN
fbem-14773	72	19	,	,	PUNCT
fbem-14773	72	20	and	and	CCONJ
fbem-14773	72	21	more	more	ADV
fbem-14773	72	22	serious	serious	ADJ
fbem-14773	72	23	financing	financing	NOUN
fbem-14773	72	24	problems	problem	NOUN
fbem-14773	72	25	will	will	AUX
fbem-14773	72	26	increase	increase	VERB
fbem-14773	72	27	the	the	DET
fbem-14773	72	28	investment	investment	NOUN
fbem-14773	72	29	of	of	ADP
fbem-14773	72	30	enterprises	enterprise	NOUN
fbem-14773	72	31	in	in	ADP
fbem-14773	72	32	financial	financial	ADJ
fbem-14773	72	33	assets	asset	NOUN
fbem-14773	72	34	(	(	PUNCT
fbem-14773	72	35	ni	ni	PROPN
fbem-14773	72	36	et	et	PROPN
fbem-14773	72	37	.	.	PUNCT
fbem-14773	73	1	al	al	PROPN
fbem-14773	73	2	,	,	PUNCT
fbem-14773	73	3	2023	2023	NUM
fbem-14773	73	4	)	)	PUNCT
fbem-14773	73	5	.	.	PUNCT
fbem-14773	74	1	some	some	DET
fbem-14773	74	2	scholars	scholar	NOUN
fbem-14773	74	3	also	also	ADV
fbem-14773	74	4	believe	believe	VERB
fbem-14773	74	5	that	that	SCONJ
fbem-14773	74	6	based	base	VERB
fbem-14773	74	7	on	on	ADP
fbem-14773	74	8	the	the	DET
fbem-14773	74	9	above	above	ADJ
fbem-14773	74	10	analysis	analysis	NOUN
fbem-14773	74	11	,	,	PUNCT
fbem-14773	74	12	this	this	DET
fbem-14773	74	13	paper	paper	NOUN
fbem-14773	74	14	makes	make	VERB
fbem-14773	74	15	a	a	DET
fbem-14773	74	16	hypothesis	hypothesis	NOUN
fbem-14773	74	17	that	that	SCONJ
fbem-14773	74	18	financing	financing	NOUN
fbem-14773	74	19	constraints	constraint	NOUN
fbem-14773	74	20	aggravate	aggravate	VERB
fbem-14773	74	21	the	the	DET
fbem-14773	74	22	inhibitory	inhibitory	ADJ
fbem-14773	74	23	effect	effect	NOUN
fbem-14773	74	24	of	of	ADP
fbem-14773	74	25	customer	customer	NOUN
fbem-14773	74	26	concentration	concentration	NOUN
fbem-14773	74	27	on	on	ADP
fbem-14773	74	28	the	the	DET
fbem-14773	74	29	financial	financial	ADJ
fbem-14773	74	30	asset	asset	NOUN
fbem-14773	74	31	allocation	allocation	NOUN
fbem-14773	74	32	of	of	ADP
fbem-14773	74	33	enterprises	enterprise	NOUN
fbem-14773	74	34	.	.	PUNCT
fbem-14773	75	1	large	large	ADJ
fbem-14773	75	2	customers	customer	NOUN
fbem-14773	75	3	use	use	VERB
fbem-14773	75	4	their	their	PRON
fbem-14773	75	5	bargaining	bargaining	NOUN
fbem-14773	75	6	power	power	NOUN
fbem-14773	75	7	to	to	PART
fbem-14773	75	8	obtain	obtain	VERB
fbem-14773	75	9	corresponding	corresponding	ADJ
fbem-14773	75	10	preferential	preferential	ADJ
fbem-14773	75	11	conditions	condition	NOUN
fbem-14773	75	12	in	in	ADP
fbem-14773	75	13	the	the	DET
fbem-14773	75	14	case	case	NOUN
fbem-14773	75	15	of	of	ADP
fbem-14773	75	16	uneven	uneven	ADJ
fbem-14773	75	17	power	power	NOUN
fbem-14773	75	18	distribution	distribution	NOUN
fbem-14773	75	19	within	within	ADP
fbem-14773	75	20	the	the	DET
fbem-14773	75	21	enterprise	enterprise	NOUN
fbem-14773	75	22	,	,	PUNCT
fbem-14773	75	23	and	and	CCONJ
fbem-14773	75	24	the	the	DET
fbem-14773	75	25	stability	stability	NOUN
fbem-14773	75	26	of	of	ADP
fbem-14773	75	27	the	the	DET
fbem-14773	75	28	enterprise	enterprise	NOUN
fbem-14773	75	29	’s	’s	PART
fbem-14773	75	30	cash	cash	NOUN
fbem-14773	75	31	flow	flow	NOUN
fbem-14773	75	32	will	will	AUX
fbem-14773	75	33	further	far	ADV
fbem-14773	75	34	enhance	enhance	VERB
fbem-14773	75	35	the	the	DET
fbem-14773	75	36	asymmetry	asymmetry	NOUN
fbem-14773	75	37	of	of	ADP
fbem-14773	75	38	this	this	DET
fbem-14773	75	39	bargaining	bargaining	NOUN
fbem-14773	75	40	power	power	NOUN
fbem-14773	75	41	,	,	PUNCT
fbem-14773	75	42	which	which	PRON
fbem-14773	75	43	reduces	reduce	VERB
fbem-14773	75	44	the	the	DET
fbem-14773	75	45	willingness	willingness	NOUN
fbem-14773	75	46	of	of	ADP
fbem-14773	75	47	the	the	DET
fbem-14773	75	48	enterprise	enterprise	NOUN
fbem-14773	75	49	to	to	PART
fbem-14773	75	50	allocate	allocate	VERB
fbem-14773	75	51	financial	financial	ADJ
fbem-14773	75	52	assets	asset	NOUN
fbem-14773	75	53	.	.	PUNCT
fbem-14773	76	1	h3	h3	NOUN
fbem-14773	76	2	:	:	PUNCT
fbem-14773	76	3	the	the	PRON
fbem-14773	76	4	higher	high	ADJ
fbem-14773	76	5	the	the	DET
fbem-14773	76	6	degree	degree	NOUN
fbem-14773	76	7	of	of	ADP
fbem-14773	76	8	financing	financing	NOUN
fbem-14773	76	9	constraints	constraint	NOUN
fbem-14773	76	10	,	,	PUNCT
fbem-14773	76	11	the	the	PRON
fbem-14773	76	12	more	more	ADV
fbem-14773	76	13	significant	significant	ADJ
fbem-14773	76	14	the	the	DET
fbem-14773	76	15	inhibitory	inhibitory	ADJ
fbem-14773	76	16	effect	effect	NOUN
fbem-14773	76	17	of	of	ADP
fbem-14773	76	18	customer	customer	NOUN
fbem-14773	76	19	concentration	concentration	NOUN
fbem-14773	76	20	on	on	ADP
fbem-14773	76	21	the	the	DET
fbem-14773	76	22	level	level	NOUN
fbem-14773	76	23	of	of	ADP
fbem-14773	76	24	enterprise	enterprise	NOUN
fbem-14773	76	25	financial	financial	ADJ
fbem-14773	76	26	asset	asset	NOUN
fbem-14773	76	27	allocation	allocation	NOUN
fbem-14773	76	28	.	.	PUNCT
fbem-14773	77	1	2.4	2.4	NUM
fbem-14773	77	2	.	.	PUNCT
fbem-14773	78	1	the	the	DET
fbem-14773	78	2	moderating	moderate	VERB
fbem-14773	78	3	effect	effect	NOUN
fbem-14773	78	4	of	of	ADP
fbem-14773	78	5	inventory	inventory	NOUN
fbem-14773	78	6	turnover	turnover	NOUN
fbem-14773	78	7	on	on	ADP
fbem-14773	78	8	the	the	DET
fbem-14773	78	9	financial	financial	ADJ
fbem-14773	78	10	asset	asset	NOUN
fbem-14773	78	11	allocation	allocation	NOUN
fbem-14773	78	12	of	of	ADP
fbem-14773	78	13	enterprises	enterprise	NOUN
fbem-14773	78	14	inventory	inventory	NOUN
fbem-14773	78	15	is	be	AUX
fbem-14773	78	16	an	an	DET
fbem-14773	78	17	important	important	ADJ
fbem-14773	78	18	factor	factor	NOUN
fbem-14773	78	19	affecting	affect	VERB
fbem-14773	78	20	the	the	DET
fbem-14773	78	21	liquidity	liquidity	NOUN
fbem-14773	78	22	of	of	ADP
fbem-14773	78	23	enterprise	enterprise	NOUN
fbem-14773	78	24	assets	asset	NOUN
fbem-14773	78	25	,	,	PUNCT
fbem-14773	78	26	and	and	CCONJ
fbem-14773	78	27	the	the	DET
fbem-14773	78	28	change	change	NOUN
fbem-14773	78	29	of	of	ADP
fbem-14773	78	30	customer	customer	NOUN
fbem-14773	78	31	relations	relation	NOUN
fbem-14773	78	32	causes	cause	VERB
fbem-14773	78	33	a	a	DET
fbem-14773	78	34	chain	chain	NOUN
fbem-14773	78	35	reaction	reaction	NOUN
fbem-14773	78	36	on	on	ADP
fbem-14773	78	37	the	the	DET
fbem-14773	78	38	inventory	inventory	NOUN
fbem-14773	78	39	turnover	turnover	NOUN
fbem-14773	78	40	of	of	ADP
fbem-14773	78	41	enterprises	enterprise	NOUN
fbem-14773	78	42	(	(	PUNCT
fbem-14773	78	43	ak	ak	PROPN
fbem-14773	78	44	and	and	CCONJ
fbem-14773	78	45	patatoukas	patatoukas	ADJ
fbem-14773	78	46	,	,	PUNCT
fbem-14773	78	47	2016	2016	NUM
fbem-14773	78	48	)	)	PUNCT
fbem-14773	78	49	.	.	PUNCT
fbem-14773	79	1	inventory	inventory	NOUN
fbem-14773	79	2	turnover	turnover	NOUN
fbem-14773	79	3	is	be	AUX
fbem-14773	79	4	also	also	ADV
fbem-14773	79	5	affected	affect	VERB
fbem-14773	79	6	by	by	ADP
fbem-14773	79	7	external	external	ADJ
fbem-14773	79	8	environmental	environmental	ADJ
fbem-14773	79	9	changes	change	NOUN
fbem-14773	79	10	,	,	PUNCT
fbem-14773	79	11	and	and	CCONJ
fbem-14773	79	12	the	the	DET
fbem-14773	79	13	inventory	inventory	NOUN
fbem-14773	79	14	management	management	NOUN
fbem-14773	79	15	behavior	behavior	NOUN
fbem-14773	79	16	of	of	ADP
fbem-14773	79	17	enterprises	enterprise	NOUN
fbem-14773	79	18	is	be	AUX
fbem-14773	79	19	often	often	ADV
fbem-14773	79	20	significantly	significantly	ADV
fbem-14773	79	21	affected	affect	VERB
fbem-14773	79	22	by	by	ADP
fbem-14773	79	23	the	the	DET
fbem-14773	79	24	industry	industry	NOUN
fbem-14773	79	25	competition	competition	NOUN
fbem-14773	79	26	situation	situation	NOUN
fbem-14773	79	27	and	and	CCONJ
fbem-14773	79	28	the	the	DET
fbem-14773	79	29	regional	regional	ADJ
fbem-14773	79	30	environment	environment	NOUN
fbem-14773	79	31	they	they	PRON
fbem-14773	79	32	are	be	AUX
fbem-14773	79	33	in	in	ADP
fbem-14773	79	34	.	.	PUNCT
fbem-14773	80	1	external	external	ADJ
fbem-14773	80	2	environmental	environmental	ADJ
fbem-14773	80	3	factors	factor	NOUN
fbem-14773	80	4	include	include	VERB
fbem-14773	80	5	industry	industry	NOUN
fbem-14773	80	6	competition	competition	NOUN
fbem-14773	80	7	situation	situation	NOUN
fbem-14773	80	8	,	,	PUNCT
fbem-14773	80	9	product	product	NOUN
fbem-14773	80	10	market	market	NOUN
fbem-14773	80	11	development	development	NOUN
fbem-14773	80	12	level	level	NOUN
fbem-14773	80	13	and	and	CCONJ
fbem-14773	80	14	government	government	NOUN
fbem-14773	80	15	administration	administration	NOUN
fbem-14773	80	16	situation	situation	NOUN
fbem-14773	80	17	,	,	PUNCT
fbem-14773	80	18	etc	etc	X
fbem-14773	80	19	.	.	X
fbem-14773	80	20	,	,	PUNCT
fbem-14773	80	21	which	which	PRON
fbem-14773	80	22	have	have	VERB
fbem-14773	80	23	a	a	DET
fbem-14773	80	24	profound	profound	ADJ
fbem-14773	80	25	impact	impact	NOUN
fbem-14773	80	26	on	on	ADP
fbem-14773	80	27	enterprise	enterprise	NOUN
fbem-14773	80	28	inventory	inventory	NOUN
fbem-14773	80	29	management	management	NOUN
fbem-14773	80	30	.	.	PUNCT
fbem-14773	81	1	some	some	DET
fbem-14773	81	2	scholars	scholar	NOUN
fbem-14773	81	3	have	have	AUX
fbem-14773	81	4	found	find	VERB
fbem-14773	81	5	that	that	SCONJ
fbem-14773	81	6	there	there	PRON
fbem-14773	81	7	is	be	VERB
fbem-14773	81	8	a	a	DET
fbem-14773	81	9	certain	certain	ADJ
fbem-14773	81	10	connection	connection	NOUN
fbem-14773	81	11	between	between	ADP
fbem-14773	81	12	inventory	inventory	NOUN
fbem-14773	81	13	turnover	turnover	NOUN
fbem-14773	81	14	and	and	CCONJ
fbem-14773	81	15	customer	customer	NOUN
fbem-14773	81	16	concentration	concentration	NOUN
fbem-14773	81	17	,	,	PUNCT
fbem-14773	81	18	and	and	CCONJ
fbem-14773	81	19	the	the	DET
fbem-14773	81	20	interest	interest	NOUN
fbem-14773	81	21	alliance	alliance	NOUN
fbem-14773	81	22	between	between	ADP
fbem-14773	81	23	customers	customer	NOUN
fbem-14773	81	24	and	and	CCONJ
fbem-14773	81	25	enterprises	enterprise	NOUN
fbem-14773	81	26	is	be	AUX
fbem-14773	81	27	constantly	constantly	ADV
fbem-14773	81	28	enhanced	enhance	VERB
fbem-14773	81	29	in	in	ADP
fbem-14773	81	30	the	the	DET
fbem-14773	81	31	cooperation	cooperation	NOUN
fbem-14773	81	32	,	,	PUNCT
fbem-14773	81	33	which	which	PRON
fbem-14773	81	34	promotes	promote	VERB
fbem-14773	81	35	the	the	DET
fbem-14773	81	36	formation	formation	NOUN
fbem-14773	81	37	of	of	ADP
fbem-14773	81	38	“	"	PUNCT
fbem-14773	81	39	intangible	intangible	ADJ
fbem-14773	81	40	”	"	PUNCT
fbem-14773	81	41	benefits	benefit	NOUN
fbem-14773	81	42	for	for	ADP
fbem-14773	81	43	enterprises	enterprise	NOUN
fbem-14773	81	44	and	and	CCONJ
fbem-14773	81	45	enhances	enhance	VERB
fbem-14773	81	46	the	the	DET
fbem-14773	81	47	competitiveness	competitiveness	NOUN
fbem-14773	81	48	of	of	ADP
fbem-14773	81	49	enterprises	enterprise	NOUN
fbem-14773	81	50	in	in	ADP
fbem-14773	81	51	the	the	DET
fbem-14773	81	52	product	product	NOUN
fbem-14773	81	53	market	market	NOUN
fbem-14773	81	54	(	(	PUNCT
fbem-14773	81	55	henry	henry	PROPN
fbem-14773	81	56	et	et	PROPN
fbem-14773	81	57	.	.	PUNCT
fbem-14773	82	1	al	al	PROPN
fbem-14773	82	2	,	,	PUNCT
fbem-14773	82	3	2023	2023	NUM
fbem-14773	82	4	)	)	PUNCT
fbem-14773	82	5	.	.	PUNCT
fbem-14773	83	1	based	base	VERB
fbem-14773	83	2	on	on	ADP
fbem-14773	83	3	the	the	DET
fbem-14773	83	4	above	above	ADJ
fbem-14773	83	5	analysis	analysis	NOUN
fbem-14773	83	6	,	,	PUNCT
fbem-14773	83	7	the	the	DET
fbem-14773	83	8	following	follow	VERB
fbem-14773	83	9	hypothesis	hypothesis	NOUN
fbem-14773	83	10	is	be	AUX
fbem-14773	83	11	proposed	propose	VERB
fbem-14773	83	12	:	:	PUNCT
fbem-14773	83	13	when	when	SCONJ
fbem-14773	83	14	the	the	DET
fbem-14773	83	15	inventory	inventory	NOUN
fbem-14773	83	16	turnover	turnover	NOUN
fbem-14773	83	17	decreases	decrease	VERB
fbem-14773	83	18	,	,	PUNCT
fbem-14773	83	19	the	the	DET
fbem-14773	83	20	inhibitory	inhibitory	ADJ
fbem-14773	83	21	effect	effect	NOUN
fbem-14773	83	22	of	of	ADP
fbem-14773	83	23	customer	customer	NOUN
fbem-14773	83	24	concentration	concentration	NOUN
fbem-14773	83	25	on	on	ADP
fbem-14773	83	26	the	the	DET
fbem-14773	83	27	financial	financial	ADJ
fbem-14773	83	28	asset	asset	NOUN
fbem-14773	83	29	allocation	allocation	NOUN
fbem-14773	83	30	of	of	ADP
fbem-14773	83	31	enterprises	enterprise	NOUN
fbem-14773	83	32	is	be	AUX
fbem-14773	83	33	more	more	ADV
fbem-14773	83	34	significant	significant	ADJ
fbem-14773	83	35	.	.	PUNCT
fbem-14773	84	1	the	the	DET
fbem-14773	84	2	increase	increase	NOUN
fbem-14773	84	3	of	of	ADP
fbem-14773	84	4	inventory	inventory	NOUN
fbem-14773	84	5	turnover	turnover	NOUN
fbem-14773	84	6	means	mean	VERB
fbem-14773	84	7	that	that	SCONJ
fbem-14773	84	8	enterprises	enterprise	NOUN
fbem-14773	84	9	have	have	VERB
fbem-14773	84	10	a	a	DET
fbem-14773	84	11	better	well	ADJ
fbem-14773	84	12	level	level	NOUN
fbem-14773	84	13	of	of	ADP
fbem-14773	84	14	asset	asset	NOUN
fbem-14773	84	15	disposal	disposal	NOUN
fbem-14773	84	16	,	,	PUNCT
fbem-14773	84	17	which	which	PRON
fbem-14773	84	18	has	have	VERB
fbem-14773	84	19	a	a	DET
fbem-14773	84	20	positive	positive	ADJ
fbem-14773	84	21	impact	impact	NOUN
fbem-14773	84	22	on	on	ADP
fbem-14773	84	23	the	the	DET
fbem-14773	84	24	allocation	allocation	NOUN
fbem-14773	84	25	of	of	ADP
fbem-14773	84	26	financial	financial	ADJ
fbem-14773	84	27	assets	asset	NOUN
fbem-14773	84	28	,	,	PUNCT
fbem-14773	84	29	which	which	PRON
fbem-14773	84	30	makes	make	VERB
fbem-14773	84	31	enterprises	enterprise	NOUN
fbem-14773	84	32	not	not	PART
fbem-14773	84	33	weaken	weaken	VERB
fbem-14773	84	34	the	the	DET
fbem-14773	84	35	willingness	willingness	NOUN
fbem-14773	84	36	to	to	PART
fbem-14773	84	37	allocate	allocate	VERB
fbem-14773	84	38	financial	financial	ADJ
fbem-14773	84	39	assets	asset	NOUN
fbem-14773	84	40	with	with	ADP
fbem-14773	84	41	the	the	DET
fbem-14773	84	42	change	change	NOUN
fbem-14773	84	43	of	of	ADP
fbem-14773	84	44	customer	customer	NOUN
fbem-14773	84	45	relations	relation	NOUN
fbem-14773	84	46	.	.	PUNCT
fbem-14773	85	1	h4	h4	NOUN
fbem-14773	85	2	:	:	PUNCT
fbem-14773	85	3	the	the	PRON
fbem-14773	85	4	lower	low	ADJ
fbem-14773	85	5	the	the	DET
fbem-14773	85	6	inventory	inventory	NOUN
fbem-14773	85	7	turnover	turnover	NOUN
fbem-14773	85	8	,	,	PUNCT
fbem-14773	85	9	the	the	PRON
fbem-14773	85	10	more	more	ADV
fbem-14773	85	11	significant	significant	ADJ
fbem-14773	85	12	the	the	DET
fbem-14773	85	13	inhibitory	inhibitory	ADJ
fbem-14773	85	14	effect	effect	NOUN
fbem-14773	85	15	of	of	ADP
fbem-14773	85	16	customer	customer	NOUN
fbem-14773	85	17	concentration	concentration	NOUN
fbem-14773	85	18	on	on	ADP
fbem-14773	85	19	the	the	DET
fbem-14773	85	20	level	level	NOUN
fbem-14773	85	21	of	of	ADP
fbem-14773	85	22	enterprise	enterprise	NOUN
fbem-14773	85	23	financial	financial	ADJ
fbem-14773	85	24	asset	asset	NOUN
fbem-14773	85	25	allocation	allocation	NOUN
fbem-14773	85	26	.	.	PUNCT
fbem-14773	86	1	3	3	X
fbem-14773	86	2	.	.	X
fbem-14773	86	3	methodological	methodological	ADJ
fbem-14773	86	4	design	design	NOUN
fbem-14773	86	5	3.1	3.1	NUM
fbem-14773	86	6	.	.	PUNCT
fbem-14773	86	7	sample	sample	NOUN
fbem-14773	86	8	selection	selection	NOUN
fbem-14773	86	9	and	and	CCONJ
fbem-14773	86	10	data	datum	NOUN
fbem-14773	86	11	source	source	NOUN
fbem-14773	86	12	this	this	DET
fbem-14773	86	13	paper	paper	NOUN
fbem-14773	86	14	selects	select	VERB
fbem-14773	86	15	the	the	DET
fbem-14773	86	16	a	a	DET
fbem-14773	86	17	-	-	PUNCT
fbem-14773	86	18	share	share	NOUN
fbem-14773	86	19	listed	list	VERB
fbem-14773	86	20	companies	company	NOUN
fbem-14773	86	21	in	in	ADP
fbem-14773	86	22	china	china	PROPN
fbem-14773	86	23	from	from	ADP
fbem-14773	86	24	2008	2008	NUM
fbem-14773	86	25	to	to	ADP
fbem-14773	86	26	2021	2021	NUM
fbem-14773	86	27	as	as	ADP
fbem-14773	86	28	the	the	DET
fbem-14773	86	29	initial	initial	ADJ
fbem-14773	86	30	research	research	NOUN
fbem-14773	86	31	sample	sample	NOUN
fbem-14773	86	32	,	,	PUNCT
fbem-14773	86	33	and	and	CCONJ
fbem-14773	86	34	the	the	DET
fbem-14773	86	35	financial	financial	ADJ
fbem-14773	86	36	asset	asset	NOUN
fbem-14773	86	37	data	datum	NOUN
fbem-14773	86	38	and	and	CCONJ
fbem-14773	86	39	financial	financial	ADJ
fbem-14773	86	40	data	datum	NOUN
fbem-14773	86	41	of	of	ADP
fbem-14773	86	42	the	the	DET
fbem-14773	86	43	listed	list	VERB
fbem-14773	86	44	companies	company	NOUN
fbem-14773	86	45	involved	involve	VERB
fbem-14773	86	46	are	be	AUX
fbem-14773	86	47	from	from	ADP
fbem-14773	86	48	csmar	csmar	PROPN
fbem-14773	86	49	database	database	NOUN
fbem-14773	86	50	,	,	PUNCT
fbem-14773	86	51	and	and	CCONJ
fbem-14773	86	52	the	the	DET
fbem-14773	86	53	following	follow	VERB
fbem-14773	86	54	data	datum	NOUN
fbem-14773	86	55	are	be	AUX
fbem-14773	86	56	excluded	exclude	VERB
fbem-14773	86	57	:	:	PUNCT
fbem-14773	86	58	(	(	PUNCT
fbem-14773	86	59	1	1	X
fbem-14773	86	60	)	)	PUNCT
fbem-14773	86	61	exclude	exclude	VERB
fbem-14773	86	62	companies	company	NOUN
fbem-14773	86	63	that	that	PRON
fbem-14773	86	64	are	be	AUX
fbem-14773	86	65	st	st	PROPN
fbem-14773	86	66	or	or	CCONJ
fbem-14773	86	67	st	st	PROPN
fbem-14773	86	68	*	*	PROPN
fbem-14773	86	69	;	;	PUNCT
fbem-14773	86	70	(	(	PUNCT
fbem-14773	86	71	2	2	X
fbem-14773	86	72	)	)	PUNCT
fbem-14773	86	73	exclude	exclude	VERB
fbem-14773	86	74	companies	company	NOUN
fbem-14773	86	75	with	with	ADP
fbem-14773	86	76	industry	industry	NOUN
fbem-14773	86	77	code	code	NOUN
fbem-14773	86	78	j	j	PROPN
fbem-14773	86	79	(	(	PUNCT
fbem-14773	86	80	financial	financial	ADJ
fbem-14773	86	81	industry	industry	NOUN
fbem-14773	86	82	)	)	PUNCT
fbem-14773	86	83	;	;	PUNCT
fbem-14773	86	84	(	(	PUNCT
fbem-14773	86	85	3	3	X
fbem-14773	86	86	)	)	PUNCT
fbem-14773	86	87	exclude	exclude	VERB
fbem-14773	86	88	companies	company	NOUN
fbem-14773	86	89	with	with	ADP
fbem-14773	86	90	severe	severe	ADJ
fbem-14773	86	91	data	datum	NOUN
fbem-14773	86	92	missing	miss	VERB
fbem-14773	86	93	,	,	PUNCT
fbem-14773	86	94	and	and	CCONJ
fbem-14773	86	95	use	use	VERB
fbem-14773	86	96	manual	manual	ADJ
fbem-14773	86	97	collection	collection	NOUN
fbem-14773	86	98	to	to	PART
fbem-14773	86	99	verify	verify	VERB
fbem-14773	86	100	some	some	DET
fbem-14773	86	101	missing	miss	VERB
fbem-14773	86	102	data	datum	NOUN
fbem-14773	86	103	;	;	PUNCT
fbem-14773	86	104	(	(	PUNCT
fbem-14773	86	105	4	4	X
fbem-14773	86	106	)	)	PUNCT
fbem-14773	86	107	exclude	exclude	VERB
fbem-14773	86	108	companies	company	NOUN
fbem-14773	86	109	with	with	ADP
fbem-14773	86	110	extreme	extreme	ADJ
fbem-14773	86	111	values	value	NOUN
fbem-14773	86	112	,	,	PUNCT
fbem-14773	86	113	and	and	CCONJ
fbem-14773	86	114	perform	perform	VERB
fbem-14773	86	115	two	two	NUM
fbem-14773	86	116	-	-	PUNCT
fbem-14773	86	117	sided	sided	ADJ
fbem-14773	86	118	1	1	NUM
fbem-14773	86	119	%	%	NOUN
fbem-14773	86	120	tail	tail	NOUN
fbem-14773	86	121	-	-	PUNCT
fbem-14773	86	122	cutting	cutting	NOUN
fbem-14773	86	123	on	on	ADP
fbem-14773	86	124	all	all	DET
fbem-14773	86	125	continuous	continuous	ADJ
fbem-14773	86	126	variables	variable	NOUN
fbem-14773	86	127	in	in	ADP
fbem-14773	86	128	this	this	DET
fbem-14773	86	129	paper	paper	NOUN
fbem-14773	86	130	,	,	PUNCT
fbem-14773	86	131	and	and	CCONJ
fbem-14773	86	132	finally	finally	ADV
fbem-14773	86	133	obtain	obtain	VERB
fbem-14773	86	134	7356	7356	NUM
fbem-14773	86	135	research	research	NOUN
fbem-14773	86	136	samples	sample	NOUN
fbem-14773	86	137	.	.	PUNCT
fbem-14773	87	1	data	datum	NOUN
fbem-14773	87	2	statistical	statistical	ADJ
fbem-14773	87	3	analysis	analysis	NOUN
fbem-14773	87	4	and	and	CCONJ
fbem-14773	87	5	econometric	econometric	ADJ
fbem-14773	87	6	test	test	NOUN
fbem-14773	87	7	are	be	AUX
fbem-14773	87	8	mainly	mainly	ADV
fbem-14773	87	9	completed	complete	VERB
fbem-14773	87	10	by	by	ADP
fbem-14773	87	11	stata17	stata17	NOUN
fbem-14773	87	12	.	.	PUNCT
fbem-14773	88	1	3.2	3.2	NUM
fbem-14773	88	2	.	.	PUNCT
fbem-14773	89	1	variable	variable	ADJ
fbem-14773	89	2	definition	definition	NOUN
fbem-14773	89	3	3.2.1	3.2.1	NUM
fbem-14773	89	4	.	.	PUNCT
fbem-14773	90	1	dependent	dependent	ADJ
fbem-14773	90	2	variable	variable	ADJ
fbem-14773	90	3	enterprise	enterprise	NOUN
fbem-14773	90	4	financial	financial	ADJ
fbem-14773	90	5	asset	asset	NOUN
fbem-14773	90	6	allocation	allocation	NOUN
fbem-14773	90	7	(	(	PUNCT
fbem-14773	90	8	wfinass	wfinass	PROPN
fbem-14773	90	9	)	)	PUNCT
fbem-14773	90	10	refers	refer	VERB
fbem-14773	90	11	to	to	ADP
fbem-14773	90	12	the	the	DET
fbem-14773	90	13	proportion	proportion	NOUN
fbem-14773	90	14	of	of	ADP
fbem-14773	90	15	financial	financial	ADJ
fbem-14773	90	16	assets	asset	NOUN
fbem-14773	90	17	held	hold	VERB
fbem-14773	90	18	by	by	ADP
fbem-14773	90	19	enterprises	enterprise	NOUN
fbem-14773	90	20	in	in	ADP
fbem-14773	90	21	their	their	PRON
fbem-14773	90	22	capital	capital	NOUN
fbem-14773	90	23	structure	structure	NOUN
fbem-14773	90	24	,	,	PUNCT
fbem-14773	90	25	involving	involve	VERB
fbem-14773	90	26	the	the	DET
fbem-14773	90	27	financial	financial	ADJ
fbem-14773	90	28	assets	asset	NOUN
fbem-14773	90	29	held	hold	VERB
fbem-14773	90	30	by	by	ADP
fbem-14773	90	31	enterprises	enterprise	NOUN
fbem-14773	90	32	in	in	ADP
fbem-14773	90	33	their	their	PRON
fbem-14773	90	34	balance	balance	NOUN
fbem-14773	90	35	sheet	sheet	NOUN
fbem-14773	90	36	,	,	PUNCT
fbem-14773	90	37	such	such	ADJ
fbem-14773	90	38	as	as	ADP
fbem-14773	90	39	cash	cash	NOUN
fbem-14773	90	40	,	,	PUNCT
fbem-14773	90	41	deposits	deposit	NOUN
fbem-14773	90	42	,	,	PUNCT
fbem-14773	90	43	investment	investment	NOUN
fbem-14773	90	44	securities	security	NOUN
fbem-14773	90	45	,	,	PUNCT
fbem-14773	90	46	receivables	receivable	NOUN
fbem-14773	90	47	,	,	PUNCT
fbem-14773	90	48	short	short	ADJ
fbem-14773	90	49	-	-	PUNCT
fbem-14773	90	50	term	term	NOUN
fbem-14773	90	51	investments	investment	NOUN
fbem-14773	90	52	,	,	PUNCT
fbem-14773	90	53	etc	etc	X
fbem-14773	90	54	.	.	X
fbem-14773	91	1	this	this	DET
fbem-14773	91	2	paper	paper	NOUN
fbem-14773	91	3	uses	use	VERB
fbem-14773	91	4	the	the	DET
fbem-14773	91	5	ratio	ratio	NOUN
fbem-14773	91	6	of	of	ADP
fbem-14773	91	7	enterprise	enterprise	NOUN
fbem-14773	91	8	financial	financial	ADJ
fbem-14773	91	9	assets	asset	NOUN
fbem-14773	91	10	to	to	PART
fbem-14773	91	11	total	total	VERB
fbem-14773	91	12	assets	asset	NOUN
fbem-14773	91	13	to	to	PART
fbem-14773	91	14	measure	measure	VERB
fbem-14773	91	15	.	.	PUNCT
fbem-14773	92	1	if	if	SCONJ
fbem-14773	92	2	this	this	DET
fbem-14773	92	3	ratio	ratio	NOUN
fbem-14773	92	4	is	be	AUX
fbem-14773	92	5	high	high	ADJ
fbem-14773	92	6	,	,	PUNCT
fbem-14773	92	7	it	it	PRON
fbem-14773	92	8	means	mean	VERB
fbem-14773	92	9	that	that	SCONJ
fbem-14773	92	10	enterprises	enterprise	NOUN
fbem-14773	92	11	rely	rely	VERB
fbem-14773	92	12	more	more	ADV
fbem-14773	92	13	on	on	ADP
fbem-14773	92	14	financial	financial	ADJ
fbem-14773	92	15	assets	asset	NOUN
fbem-14773	92	16	to	to	PART
fbem-14773	92	17	support	support	VERB
fbem-14773	92	18	their	their	PRON
fbem-14773	92	19	operation	operation	NOUN
fbem-14773	92	20	and	and	CCONJ
fbem-14773	92	21	investment	investment	NOUN
fbem-14773	92	22	activities	activity	NOUN
fbem-14773	92	23	.	.	PUNCT
fbem-14773	93	1	on	on	ADP
fbem-14773	93	2	the	the	DET
fbem-14773	93	3	contrary	contrary	NOUN
fbem-14773	93	4	,	,	PUNCT
fbem-14773	93	5	it	it	PRON
fbem-14773	93	6	means	mean	VERB
fbem-14773	93	7	that	that	SCONJ
fbem-14773	93	8	enterprises	enterprise	NOUN
fbem-14773	93	9	tend	tend	VERB
fbem-14773	93	10	to	to	PART
fbem-14773	93	11	have	have	VERB
fbem-14773	93	12	more	more	ADJ
fbem-14773	93	13	physical	physical	ADJ
fbem-14773	93	14	assets	asset	NOUN
fbem-14773	93	15	in	in	ADP
fbem-14773	93	16	their	their	PRON
fbem-14773	93	17	total	total	ADJ
fbem-14773	93	18	assets	asset	NOUN
fbem-14773	93	19	.	.	PUNCT
fbem-14773	94	1	3.2.2	3.2.2	NUM
fbem-14773	94	2	.	.	PUNCT
fbem-14773	95	1	explanatory	explanatory	ADJ
fbem-14773	95	2	variable	variable	ADJ
fbem-14773	95	3	customer	customer	NOUN
fbem-14773	95	4	concentration	concentration	NOUN
fbem-14773	95	5	(	(	PUNCT
fbem-14773	95	6	cc3	cc3	PROPN
fbem-14773	95	7	)	)	PUNCT
fbem-14773	95	8	refers	refer	VERB
fbem-14773	95	9	to	to	ADP
fbem-14773	95	10	the	the	DET
fbem-14773	95	11	number	number	NOUN
fbem-14773	95	12	of	of	ADP
fbem-14773	95	13	customers	customer	NOUN
fbem-14773	95	14	that	that	PRON
fbem-14773	95	15	enterprises	enterprise	NOUN
fbem-14773	95	16	depend	depend	VERB
fbem-14773	95	17	on	on	ADP
fbem-14773	95	18	and	and	CCONJ
fbem-14773	95	19	the	the	DET
fbem-14773	95	20	contribution	contribution	NOUN
fbem-14773	95	21	of	of	ADP
fbem-14773	95	22	these	these	DET
fbem-14773	95	23	customers	customer	NOUN
fbem-14773	95	24	to	to	ADP
fbem-14773	95	25	the	the	DET
fbem-14773	95	26	sales	sale	NOUN
fbem-14773	95	27	or	or	CCONJ
fbem-14773	95	28	business	business	NOUN
fbem-14773	95	29	of	of	ADP
fbem-14773	95	30	enterprises	enterprise	NOUN
fbem-14773	95	31	.	.	PUNCT
fbem-14773	96	1	the	the	DET
fbem-14773	96	2	proportion	proportion	NOUN
fbem-14773	96	3	of	of	ADP
fbem-14773	96	4	sales	sale	NOUN
fbem-14773	96	5	of	of	ADP
fbem-14773	96	6	the	the	DET
fbem-14773	96	7	top	top	ADJ
fbem-14773	96	8	five	five	NUM
fbem-14773	96	9	customers	customer	NOUN
fbem-14773	96	10	to	to	ADP
fbem-14773	96	11	the	the	DET
fbem-14773	96	12	total	total	ADJ
fbem-14773	96	13	annual	annual	ADJ
fbem-14773	96	14	sales	sale	NOUN
fbem-14773	96	15	is	be	AUX
fbem-14773	96	16	used	use	VERB
fbem-14773	96	17	as	as	ADP
fbem-14773	96	18	the	the	DET
fbem-14773	96	19	main	main	ADJ
fbem-14773	96	20	measurement	measurement	NOUN
fbem-14773	96	21	indicator	indicator	NOUN
fbem-14773	96	22	.	.	PUNCT
fbem-14773	97	1	high	high	ADJ
fbem-14773	97	2	customer	customer	NOUN
fbem-14773	97	3	concentration	concentration	NOUN
fbem-14773	97	4	may	may	AUX
fbem-14773	97	5	mean	mean	VERB
fbem-14773	97	6	that	that	SCONJ
fbem-14773	97	7	enterprises	enterprise	NOUN
fbem-14773	97	8	have	have	VERB
fbem-14773	97	9	a	a	DET
fbem-14773	97	10	higher	high	ADJ
fbem-14773	97	11	degree	degree	NOUN
fbem-14773	97	12	of	of	ADP
fbem-14773	97	13	dependence	dependence	NOUN
fbem-14773	97	14	on	on	ADP
fbem-14773	97	15	a	a	DET
fbem-14773	97	16	few	few	ADJ
fbem-14773	97	17	customers	customer	NOUN
fbem-14773	97	18	.	.	PUNCT
fbem-14773	98	1	although	although	SCONJ
fbem-14773	98	2	relying	rely	VERB
fbem-14773	98	3	on	on	ADP
fbem-14773	98	4	a	a	DET
fbem-14773	98	5	few	few	ADJ
fbem-14773	98	6	major	major	ADJ
fbem-14773	98	7	customers	customer	NOUN
fbem-14773	98	8	may	may	AUX
fbem-14773	98	9	bring	bring	VERB
fbem-14773	98	10	higher	high	ADJ
fbem-14773	98	11	sales	sale	NOUN
fbem-14773	98	12	to	to	ADP
fbem-14773	98	13	enterprises	enterprise	NOUN
fbem-14773	98	14	,	,	PUNCT
fbem-14773	98	15	it	it	PRON
fbem-14773	98	16	also	also	ADV
fbem-14773	98	17	increases	increase	VERB
fbem-14773	98	18	the	the	DET
fbem-14773	98	19	business	business	NOUN
fbem-14773	98	20	risk	risk	NOUN
fbem-14773	98	21	.	.	PUNCT
fbem-14773	99	1	3.2.3	3.2.3	X
fbem-14773	99	2	.	.	X
fbem-14773	99	3	moderating	moderate	VERB
fbem-14773	99	4	variable	variable	ADJ
fbem-14773	99	5	earnings	earning	NOUN
fbem-14773	99	6	management	management	NOUN
fbem-14773	99	7	(	(	PUNCT
fbem-14773	99	8	abjxzgd	abjxzgd	PROPN
fbem-14773	99	9	)	)	PUNCT
fbem-14773	99	10	refers	refer	VERB
fbem-14773	99	11	to	to	ADP
fbem-14773	99	12	the	the	DET
fbem-14773	99	13	manipulation	manipulation	NOUN
fbem-14773	99	14	of	of	ADP
fbem-14773	99	15	earnings	earning	NOUN
fbem-14773	99	16	in	in	ADP
fbem-14773	99	17	the	the	DET
fbem-14773	99	18	financial	financial	ADJ
fbem-14773	99	19	statements	statement	NOUN
fbem-14773	99	20	by	by	ADP
fbem-14773	99	21	enterprises	enterprise	NOUN
fbem-14773	99	22	using	use	VERB
fbem-14773	99	23	different	different	ADJ
fbem-14773	99	24	accounting	accounting	NOUN
fbem-14773	99	25	policies	policy	NOUN
fbem-14773	99	26	,	,	PUNCT
fbem-14773	99	27	methods	method	NOUN
fbem-14773	99	28	or	or	CCONJ
fbem-14773	99	29	other	other	ADJ
fbem-14773	99	30	means	mean	NOUN
fbem-14773	99	31	,	,	PUNCT
fbem-14773	99	32	in	in	ADP
fbem-14773	99	33	order	order	NOUN
fbem-14773	99	34	to	to	PART
fbem-14773	99	35	achieve	achieve	VERB
fbem-14773	99	36	specific	specific	ADJ
fbem-14773	99	37	financial	financial	ADJ
fbem-14773	99	38	goals	goal	NOUN
fbem-14773	99	39	or	or	CCONJ
fbem-14773	99	40	management	management	NOUN
fbem-14773	99	41	intentions	intention	NOUN
fbem-14773	99	42	.	.	PUNCT
fbem-14773	100	1	this	this	DET
fbem-14773	100	2	paper	paper	NOUN
fbem-14773	100	3	uses	use	VERB
fbem-14773	100	4	the	the	DET
fbem-14773	100	5	extended	extended	ADJ
fbem-14773	100	6	jones	jones	PROPN
fbem-14773	100	7	model	model	NOUN
fbem-14773	100	8	to	to	PART
fbem-14773	100	9	measure	measure	VERB
fbem-14773	100	10	the	the	DET
fbem-14773	100	11	degree	degree	NOUN
fbem-14773	100	12	of	of	ADP
fbem-14773	100	13	earnings	earning	NOUN
fbem-14773	100	14	management	management	NOUN
fbem-14773	100	15	.	.	PUNCT
fbem-14773	101	1	financial	financial	ADJ
fbem-14773	101	2	constraints	constraint	NOUN
fbem-14773	101	3	(	(	PUNCT
fbem-14773	101	4	financial	financial	ADJ
fbem-14773	101	5	constraints	constraint	NOUN
fbem-14773	101	6	)	)	PUNCT
fbem-14773	101	7	are	be	AUX
fbem-14773	101	8	used	use	VERB
fbem-14773	101	9	to	to	PART
fbem-14773	101	10	evaluate	evaluate	VERB
fbem-14773	101	11	the	the	DET
fbem-14773	101	12	degree	degree	NOUN
fbem-14773	101	13	of	of	ADP
fbem-14773	101	14	restriction	restriction	NOUN
fbem-14773	101	15	of	of	ADP
fbem-14773	101	16	enterprises	enterprise	NOUN
fbem-14773	101	17	in	in	ADP
fbem-14773	101	18	financing	financing	NOUN
fbem-14773	101	19	,	,	PUNCT
fbem-14773	101	20	reflecting	reflect	VERB
fbem-14773	101	21	the	the	DET
fbem-14773	101	22	difficulty	difficulty	NOUN
fbem-14773	101	23	of	of	ADP
fbem-14773	101	24	enterprises	enterprise	NOUN
fbem-14773	101	25	in	in	ADP
fbem-14773	101	26	obtaining	obtain	VERB
fbem-14773	101	27	external	external	ADJ
fbem-14773	101	28	financing	financing	NOUN
fbem-14773	101	29	,	,	PUNCT
fbem-14773	101	30	and	and	CCONJ
fbem-14773	101	31	when	when	SCONJ
fbem-14773	101	32	enterprises	enterprise	NOUN
fbem-14773	101	33	are	be	AUX
fbem-14773	101	34	subject	subject	ADJ
fbem-14773	101	35	to	to	ADP
fbem-14773	101	36	financial	financial	ADJ
fbem-14773	101	37	constraints	constraint	NOUN
fbem-14773	101	38	,	,	PUNCT
fbem-14773	101	39	it	it	PRON
fbem-14773	101	40	may	may	AUX
fbem-14773	101	41	limit	limit	VERB
fbem-14773	101	42	the	the	DET
fbem-14773	101	43	flexibility	flexibility	NOUN
fbem-14773	101	44	of	of	ADP
fbem-14773	101	45	their	their	PRON
fbem-14773	101	46	financial	financial	ADJ
fbem-14773	101	47	asset	asset	NOUN
fbem-14773	101	48	allocation	allocation	NOUN
fbem-14773	101	49	.	.	PUNCT
fbem-14773	102	1	this	this	DET
fbem-14773	102	2	variable	variable	NOUN
fbem-14773	102	3	can	can	AUX
fbem-14773	102	4	help	help	VERB
fbem-14773	102	5	to	to	PART
fbem-14773	102	6	understand	understand	VERB
fbem-14773	102	7	the	the	DET
fbem-14773	102	8	impact	impact	NOUN
fbem-14773	102	9	of	of	ADP
fbem-14773	102	10	customer	customer	NOUN
fbem-14773	102	11	concentration	concentration	NOUN
fbem-14773	102	12	on	on	ADP
fbem-14773	102	13	the	the	DET
fbem-14773	102	14	financial	financial	ADJ
fbem-14773	102	15	asset	asset	NOUN
fbem-14773	102	16	allocation	allocation	NOUN
fbem-14773	102	17	of	of	ADP
fbem-14773	102	18	enterprises	enterprise	NOUN
fbem-14773	102	19	with	with	ADP
fbem-14773	102	20	different	different	ADJ
fbem-14773	102	21	degrees	degree	NOUN
fbem-14773	102	22	of	of	ADP
fbem-14773	102	23	financial	financial	ADJ
fbem-14773	102	24	constraints	constraint	NOUN
fbem-14773	102	25	.	.	PUNCT
fbem-14773	103	1	inventory	inventory	NOUN
fbem-14773	103	2	turnover	turnover	NOUN
fbem-14773	103	3	reflects	reflect	VERB
fbem-14773	103	4	the	the	DET
fbem-14773	103	5	inventory	inventory	NOUN
fbem-14773	103	6	management	management	NOUN
fbem-14773	103	7	and	and	CCONJ
fbem-14773	103	8	sales	sale	NOUN
fbem-14773	103	9	ability	ability	NOUN
fbem-14773	103	10	of	of	ADP
fbem-14773	103	11	enterprises	enterprise	NOUN
fbem-14773	103	12	,	,	PUNCT
fbem-14773	103	13	and	and	CCONJ
fbem-14773	103	14	uses	use	VERB
fbem-14773	103	15	the	the	DET
fbem-14773	103	16	ratio	ratio	NOUN
fbem-14773	103	17	of	of	ADP
fbem-14773	103	18	the	the	DET
fbem-14773	103	19	direct	direct	ADJ
fbem-14773	103	20	cost	cost	NOUN
fbem-14773	103	21	of	of	ADP
fbem-14773	103	22	the	the	DET
fbem-14773	103	23	goods	good	NOUN
fbem-14773	103	24	sold	sell	VERB
fbem-14773	103	25	or	or	CCONJ
fbem-14773	103	26	services	service	NOUN
fbem-14773	103	27	provided	provide	VERB
fbem-14773	103	28	in	in	ADP
fbem-14773	103	29	a	a	DET
fbem-14773	103	30	certain	certain	ADJ
fbem-14773	103	31	period	period	NOUN
fbem-14773	103	32	to	to	ADP
fbem-14773	103	33	the	the	DET
fbem-14773	103	34	average	average	NOUN
fbem-14773	103	35	of	of	ADP
fbem-14773	103	36	the	the	DET
fbem-14773	103	37	total	total	ADJ
fbem-14773	103	38	inventory	inventory	NOUN
fbem-14773	103	39	at	at	ADP
fbem-14773	103	40	the	the	DET
fbem-14773	103	41	beginning	beginning	NOUN
fbem-14773	103	42	and	and	CCONJ
fbem-14773	103	43	end	end	NOUN
fbem-14773	103	44	of	of	ADP
fbem-14773	103	45	the	the	DET
fbem-14773	103	46	period	period	NOUN
fbem-14773	103	47	to	to	PART
fbem-14773	103	48	measure	measure	VERB
fbem-14773	103	49	.	.	PUNCT
fbem-14773	104	1	3.2.4	3.2.4	X
fbem-14773	104	2	.	.	PUNCT
fbem-14773	105	1	control	control	NOUN
fbem-14773	105	2	variable	variable	NOUN
fbem-14773	105	3	this	this	DET
fbem-14773	105	4	paper	paper	NOUN
fbem-14773	105	5	includes	include	VERB
fbem-14773	105	6	the	the	DET
fbem-14773	105	7	board	board	NOUN
fbem-14773	105	8	size	size	NOUN
fbem-14773	105	9	(	(	PUNCT
fbem-14773	105	10	wbdsize	wbdsize	NOUN
fbem-14773	105	11	)	)	PUNCT
fbem-14773	105	12	,	,	PUNCT
fbem-14773	105	13	independent	independent	ADJ
fbem-14773	105	14	127	127	NUM
fbem-14773	105	15	director	director	NOUN
fbem-14773	105	16	size	size	NOUN
fbem-14773	105	17	(	(	PUNCT
fbem-14773	105	18	windsize	windsize	PROPN
fbem-14773	105	19	)	)	PUNCT
fbem-14773	105	20	,	,	PUNCT
fbem-14773	105	21	two	two	NUM
fbem-14773	105	22	positions	position	NOUN
fbem-14773	105	23	in	in	ADP
fbem-14773	105	24	one	one	NUM
fbem-14773	105	25	(	(	PUNCT
fbem-14773	105	26	same	same	ADJ
fbem-14773	105	27	)	)	PUNCT
fbem-14773	105	28	,	,	PUNCT
fbem-14773	105	29	the	the	DET
fbem-14773	105	30	first	first	ADJ
fbem-14773	105	31	largest	large	ADJ
fbem-14773	105	32	shareholder	shareholder	NOUN
fbem-14773	105	33	holding	hold	VERB
fbem-14773	105	34	ratio	ratio	NOUN
fbem-14773	105	35	(	(	PUNCT
fbem-14773	105	36	cgpro	cgpro	PROPN
fbem-14773	105	37	)	)	PUNCT
fbem-14773	105	38	,	,	PUNCT
fbem-14773	105	39	the	the	DET
fbem-14773	105	40	four	four	NUM
fbem-14773	105	41	major	major	ADJ
fbem-14773	105	42	accounting	accounting	NOUN
fbem-14773	105	43	firms	firm	NOUN
fbem-14773	105	44	(	(	PUNCT
fbem-14773	105	45	big4	big4	PROPN
fbem-14773	105	46	)	)	PUNCT
fbem-14773	105	47	,	,	PUNCT
fbem-14773	105	48	per	per	ADP
fbem-14773	105	49	capita	capita	X
fbem-14773	105	50	gdp	gdp	NOUN
fbem-14773	105	51	growth	growth	NOUN
fbem-14773	105	52	rate	rate	NOUN
fbem-14773	105	53	(	(	PUNCT
fbem-14773	105	54	wgdpgr	wgdpgr	PROPN
fbem-14773	105	55	)	)	PUNCT
fbem-14773	105	56	and	and	CCONJ
fbem-14773	105	57	other	other	ADJ
fbem-14773	105	58	enterprise	enterprise	NOUN
fbem-14773	105	59	-	-	PUNCT
fbem-14773	105	60	related	relate	VERB
fbem-14773	105	61	accounting	accounting	NOUN
fbem-14773	105	62	indicators	indicator	NOUN
fbem-14773	105	63	into	into	ADP
fbem-14773	105	64	the	the	DET
fbem-14773	105	65	control	control	NOUN
fbem-14773	105	66	variables	variable	NOUN
fbem-14773	105	67	.	.	PUNCT
fbem-14773	106	1	3.2.5	3.2.5	X
fbem-14773	106	2	.	.	PUNCT
fbem-14773	106	3	model	model	NOUN
fbem-14773	106	4	construction	construction	PROPN
fbem-14773	106	5	wfinassi	wfinassi	PROPN
fbem-14773	106	6	,	,	PUNCT
fbem-14773	106	7	t	t	PROPN
fbem-14773	106	8	=	=	SYM
fbem-14773	106	9	α+βcc3i	α+βcc3i	NOUN
fbem-14773	106	10	,	,	PUNCT
fbem-14773	106	11	t+controli	t+controli	PROPN
fbem-14773	106	12	,	,	PUNCT
fbem-14773	106	13	t+industryi+yeart+	t+industryi+yeart+	NOUN
fbem-14773	106	14	εi	εi	VERB
fbem-14773	106	15	,	,	PUNCT
fbem-14773	106	16	t	t	PROPN
fbem-14773	106	17	(	(	PUNCT
fbem-14773	106	18	1	1	NUM
fbem-14773	106	19	)	)	PUNCT
fbem-14773	106	20	in	in	ADP
fbem-14773	106	21	this	this	DET
fbem-14773	106	22	model	model	NOUN
fbem-14773	106	23	,	,	PUNCT
fbem-14773	106	24	the	the	DET
fbem-14773	106	25	dependent	dependent	ADJ
fbem-14773	106	26	variable	variable	NOUN
fbem-14773	106	27	is	be	AUX
fbem-14773	106	28	the	the	DET
fbem-14773	106	29	corporate	corporate	ADJ
fbem-14773	106	30	financial	financial	ADJ
fbem-14773	106	31	asset	asset	NOUN
fbem-14773	106	32	allocation	allocation	NOUN
fbem-14773	106	33	,	,	PUNCT
fbem-14773	106	34	and	and	CCONJ
fbem-14773	106	35	the	the	DET
fbem-14773	106	36	explanatory	explanatory	ADJ
fbem-14773	106	37	variable	variable	NOUN
fbem-14773	106	38	is	be	AUX
fbem-14773	106	39	the	the	DET
fbem-14773	106	40	customer	customer	NOUN
fbem-14773	106	41	concentration	concentration	NOUN
fbem-14773	106	42	.	.	PUNCT
fbem-14773	107	1	additionally	additionally	ADV
fbem-14773	107	2	,	,	PUNCT
fbem-14773	107	3	this	this	DET
fbem-14773	107	4	study	study	NOUN
fbem-14773	107	5	sets	set	VERB
fbem-14773	107	6	industry	industry	NOUN
fbem-14773	107	7	and	and	CCONJ
fbem-14773	107	8	year	year	NOUN
fbem-14773	107	9	dummy	dummy	ADJ
fbem-14773	107	10	variables	variable	NOUN
fbem-14773	107	11	in	in	ADP
fbem-14773	107	12	the	the	DET
fbem-14773	107	13	regression	regression	NOUN
fbem-14773	107	14	analysis	analysis	NOUN
fbem-14773	107	15	to	to	PART
fbem-14773	107	16	control	control	VERB
fbem-14773	107	17	for	for	ADP
fbem-14773	107	18	industry	industry	NOUN
fbem-14773	107	19	fixed	fix	VERB
fbem-14773	107	20	effects	effect	NOUN
fbem-14773	107	21	(	(	PUNCT
fbem-14773	107	22	industry	industry	NOUN
fbem-14773	107	23	)	)	PUNCT
fbem-14773	107	24	and	and	CCONJ
fbem-14773	107	25	time	time	NOUN
fbem-14773	107	26	fixed	fix	VERB
fbem-14773	107	27	effects	effect	NOUN
fbem-14773	107	28	(	(	PUNCT
fbem-14773	107	29	year	year	NOUN
fbem-14773	107	30	)	)	PUNCT
fbem-14773	107	31	.	.	PUNCT
fbem-14773	108	1	table	table	NOUN
fbem-14773	108	2	1	1	NUM
fbem-14773	108	3	.	.	PUNCT
fbem-14773	108	4	variable	variable	ADJ
fbem-14773	108	5	definition	definition	NOUN
fbem-14773	108	6	.	.	PUNCT
fbem-14773	109	1	variable	variable	ADJ
fbem-14773	109	2	type	type	NOUN
fbem-14773	109	3	variable	variable	ADJ
fbem-14773	109	4	name	name	NOUN
fbem-14773	109	5	variable	variable	ADJ
fbem-14773	109	6	definition	definition	NOUN
fbem-14773	109	7	explained	explain	VERB
fbem-14773	109	8	variable	variable	ADJ
fbem-14773	109	9	(	(	PUNCT
fbem-14773	109	10	dependent	dependent	ADJ
fbem-14773	109	11	variable	variable	NOUN
fbem-14773	109	12	)	)	PUNCT
fbem-14773	109	13	corporate	corporate	ADJ
fbem-14773	109	14	financial	financial	ADJ
fbem-14773	109	15	asset	asset	NOUN
fbem-14773	109	16	allocation	allocation	NOUN
fbem-14773	109	17	wfinass	wfinass	VERB
fbem-14773	109	18	financial	financial	ADJ
fbem-14773	109	19	assets	asset	NOUN
fbem-14773	109	20	/	/	SYM
fbem-14773	109	21	total	total	ADJ
fbem-14773	109	22	assets	asset	NOUN
fbem-14773	109	23	explanatory	explanatory	ADJ
fbem-14773	109	24	variable	variable	ADJ
fbem-14773	109	25	(	(	PUNCT
fbem-14773	109	26	independent	independent	ADJ
fbem-14773	109	27	variable	variable	NOUN
fbem-14773	109	28	)	)	PUNCT
fbem-14773	109	29	customer	customer	NOUN
fbem-14773	109	30	concentration	concentration	NOUN
fbem-14773	109	31	cc3	cc3	PROPN
fbem-14773	109	32	top	top	ADJ
fbem-14773	109	33	five	five	NUM
fbem-14773	109	34	customer	customer	NOUN
fbem-14773	109	35	sales	sale	NOUN
fbem-14773	109	36	/	/	SYM
fbem-14773	109	37	total	total	ADJ
fbem-14773	109	38	annual	annual	ADJ
fbem-14773	109	39	sales	sale	NOUN
fbem-14773	109	40	moderating	moderate	VERB
fbem-14773	109	41	variable	variable	ADJ
fbem-14773	109	42	surplus	surplus	NOUN
fbem-14773	109	43	management	management	NOUN
fbem-14773	109	44	abjxzgd	abjxzgd	NOUN
fbem-14773	109	45	extended	extend	VERB
fbem-14773	109	46	jones	jones	PROPN
fbem-14773	109	47	model	model	PROPN
fbem-14773	109	48	calculations	calculations	PROPN
fbem-14773	109	49	financing	financing	NOUN
fbem-14773	109	50	constraints	constraint	NOUN
fbem-14773	109	51	fc	fc	PROPN
fbem-14773	109	52	fc	fc	PROPN
fbem-14773	109	53	measured	measure	VERB
fbem-14773	109	54	by	by	ADP
fbem-14773	109	55	financial	financial	ADJ
fbem-14773	109	56	constraints	constraint	NOUN
fbem-14773	109	57	inventory	inventory	NOUN
fbem-14773	109	58	turnover	turnover	NOUN
fbem-14773	109	59	rate	rate	NOUN
fbem-14773	109	60	itr	itr	NOUN
fbem-14773	109	61	cost	cost	NOUN
fbem-14773	109	62	of	of	ADP
fbem-14773	109	63	sales	sale	NOUN
fbem-14773	109	64	/	/	SYM
fbem-14773	109	65	average	average	ADJ
fbem-14773	109	66	inventory	inventory	NOUN
fbem-14773	109	67	controlled	control	VERB
fbem-14773	109	68	variable	variable	ADJ
fbem-14773	109	69	enterprise	enterprise	NOUN
fbem-14773	109	70	size	size	NOUN
fbem-14773	109	71	a	a	DET
fbem-14773	109	72	-	-	PUNCT
fbem-14773	109	73	total	total	NOUN
fbem-14773	109	74	assets	asset	NOUN
fbem-14773	109	75	wsizea	wsizea	VERB
fbem-14773	109	76	ln(total	ln(total	ADJ
fbem-14773	109	77	assets	asset	NOUN
fbem-14773	109	78	)	)	PUNCT
fbem-14773	109	79	asset	asset	NOUN
fbem-14773	109	80	-	-	PUNCT
fbem-14773	109	81	liability	liability	NOUN
fbem-14773	109	82	ratio	ratio	NOUN
fbem-14773	109	83	wlev	wlev	NOUN
fbem-14773	110	1	total	total	ADJ
fbem-14773	110	2	liabilities	liability	NOUN
fbem-14773	110	3	/	/	SYM
fbem-14773	110	4	total	total	ADJ
fbem-14773	110	5	assets	asset	NOUN
fbem-14773	110	6	fixed	fix	VERB
fbem-14773	110	7	-	-	PUNCT
fbem-14773	110	8	asset	asset	NOUN
fbem-14773	110	9	intensity	intensity	NOUN
fbem-14773	110	10	wcapint	wcapint	NOUN
fbem-14773	110	11	fixed	fix	VERB
fbem-14773	110	12	assets	asset	NOUN
fbem-14773	110	13	/	/	SYM
fbem-14773	110	14	total	total	ADJ
fbem-14773	110	15	assets	asset	NOUN
fbem-14773	110	16	return	return	VERB
fbem-14773	110	17	on	on	ADP
fbem-14773	110	18	assets	asset	NOUN
fbem-14773	110	19	wroaa	wroaa	VERB
fbem-14773	110	20	net	net	ADJ
fbem-14773	110	21	income	income	NOUN
fbem-14773	110	22	/	/	SYM
fbem-14773	110	23	total	total	ADJ
fbem-14773	110	24	assets	asset	NOUN
fbem-14773	110	25	increase	increase	VERB
fbem-14773	110	26	rate	rate	NOUN
fbem-14773	110	27	of	of	ADP
fbem-14773	110	28	business	business	NOUN
fbem-14773	110	29	revenue	revenue	NOUN
fbem-14773	110	30	wgrowrat	wgrowrat	NOUN
fbem-14773	110	31	(	(	PUNCT
fbem-14773	110	32	operating	operate	VERB
fbem-14773	110	33	income	income	NOUN
fbem-14773	110	34	of	of	ADP
fbem-14773	110	35	this	this	DET
fbem-14773	110	36	year	year	NOUN
fbem-14773	110	37	-	-	PUNCT
fbem-14773	110	38	operating	operate	VERB
fbem-14773	110	39	income	income	NOUN
fbem-14773	110	40	of	of	ADP
fbem-14773	110	41	last	last	ADJ
fbem-14773	110	42	year	year	NOUN
fbem-14773	110	43	)	)	PUNCT
fbem-14773	110	44	/	/	SYM
fbem-14773	110	45	operating	operate	VERB
fbem-14773	110	46	income	income	NOUN
fbem-14773	110	47	of	of	ADP
fbem-14773	110	48	last	last	ADJ
fbem-14773	110	49	year	year	NOUN
fbem-14773	110	50	cash	cash	NOUN
fbem-14773	110	51	flow	flow	NOUN
fbem-14773	110	52	wcf	wcf	NOUN
fbem-14773	110	53	cash	cash	NOUN
fbem-14773	110	54	flow	flow	NOUN
fbem-14773	110	55	from	from	ADP
fbem-14773	110	56	operating	operating	NOUN
fbem-14773	110	57	activities	activity	NOUN
fbem-14773	110	58	board	board	NOUN
fbem-14773	110	59	size	size	NOUN
fbem-14773	110	60	wbdsize	wbdsize	VERB
fbem-14773	110	61	ln	ln	X
fbem-14773	110	62	(	(	PUNCT
fbem-14773	110	63	board	board	NOUN
fbem-14773	110	64	number	number	NOUN
fbem-14773	110	65	+	+	CCONJ
fbem-14773	110	66	1	1	X
fbem-14773	110	67	)	)	PUNCT
fbem-14773	110	68	scale	scale	NOUN
fbem-14773	110	69	of	of	ADP
fbem-14773	110	70	independent	independent	ADJ
fbem-14773	110	71	directors	director	NOUN
fbem-14773	110	72	windsize	windsize	VERB
fbem-14773	110	73	number	number	NOUN
fbem-14773	110	74	of	of	ADP
fbem-14773	110	75	independent	independent	ADJ
fbem-14773	110	76	directors	director	NOUN
fbem-14773	110	77	/	/	SYM
fbem-14773	110	78	board	board	NOUN
fbem-14773	110	79	of	of	ADP
fbem-14773	110	80	directors	director	NOUN
fbem-14773	110	81	two	two	NUM
fbem-14773	110	82	jobs	job	NOUN
fbem-14773	110	83	in	in	ADP
fbem-14773	110	84	one	one	NUM
fbem-14773	110	85	same	same	ADJ
fbem-14773	110	86	if	if	SCONJ
fbem-14773	110	87	the	the	DET
fbem-14773	110	88	chairman	chairman	NOUN
fbem-14773	110	89	of	of	ADP
fbem-14773	110	90	the	the	DET
fbem-14773	110	91	board	board	NOUN
fbem-14773	110	92	and	and	CCONJ
fbem-14773	110	93	the	the	DET
fbem-14773	110	94	general	general	ADJ
fbem-14773	110	95	manager	manager	NOUN
fbem-14773	110	96	are	be	AUX
fbem-14773	110	97	in	in	ADP
fbem-14773	110	98	one	one	NUM
fbem-14773	110	99	,	,	PUNCT
fbem-14773	110	100	take	take	VERB
fbem-14773	110	101	1	1	NUM
fbem-14773	110	102	,	,	PUNCT
fbem-14773	110	103	otherwise	otherwise	ADV
fbem-14773	110	104	take	take	VERB
fbem-14773	110	105	0	0	NUM
fbem-14773	110	106	the	the	DET
fbem-14773	110	107	largest	large	ADJ
fbem-14773	110	108	shareholder	shareholder	NOUN
fbem-14773	110	109	shareholding	shareholding	NOUN
fbem-14773	110	110	ratio	ratio	NOUN
fbem-14773	110	111	cgpro	cgpro	PROPN
fbem-14773	110	112	if	if	SCONJ
fbem-14773	110	113	the	the	DET
fbem-14773	110	114	chairman	chairman	NOUN
fbem-14773	110	115	of	of	ADP
fbem-14773	110	116	the	the	DET
fbem-14773	110	117	board	board	NOUN
fbem-14773	110	118	and	and	CCONJ
fbem-14773	110	119	the	the	DET
fbem-14773	110	120	general	general	ADJ
fbem-14773	110	121	manager	manager	NOUN
fbem-14773	110	122	are	be	AUX
fbem-14773	110	123	in	in	ADP
fbem-14773	110	124	one	one	NUM
fbem-14773	110	125	,	,	PUNCT
fbem-14773	110	126	take	take	VERB
fbem-14773	110	127	1	1	NUM
fbem-14773	110	128	,	,	PUNCT
fbem-14773	110	129	otherwise	otherwise	ADV
fbem-14773	110	130	take	take	VERB
fbem-14773	110	131	0	0	NUM
fbem-14773	111	1	the	the	DET
fbem-14773	111	2	big	big	ADJ
fbem-14773	111	3	four	four	NUM
fbem-14773	111	4	accounting	accounting	NOUN
fbem-14773	111	5	firms	firm	NOUN
fbem-14773	111	6	big4	big4	VERB
fbem-14773	111	7	if	if	SCONJ
fbem-14773	111	8	the	the	DET
fbem-14773	111	9	company	company	NOUN
fbem-14773	111	10	responsible	responsible	ADJ
fbem-14773	111	11	for	for	ADP
fbem-14773	111	12	the	the	DET
fbem-14773	111	13	annual	annual	ADJ
fbem-14773	111	14	audit	audit	NOUN
fbem-14773	111	15	is	be	AUX
fbem-14773	111	16	the	the	DET
fbem-14773	111	17	big	big	ADJ
fbem-14773	111	18	four	four	NUM
fbem-14773	111	19	accounting	accounting	NOUN
fbem-14773	111	20	firm	firm	NOUN
fbem-14773	111	21	,	,	PUNCT
fbem-14773	111	22	take	take	VERB
fbem-14773	111	23	1	1	NUM
fbem-14773	111	24	,	,	PUNCT
fbem-14773	111	25	otherwise	otherwise	ADV
fbem-14773	111	26	take	take	VERB
fbem-14773	111	27	0	0	NUM
fbem-14773	111	28	per	per	ADP
fbem-14773	111	29	-	-	PUNCT
fbem-14773	111	30	capita	capita	NOUN
fbem-14773	111	31	gdp	gdp	NOUN
fbem-14773	111	32	growth	growth	NOUN
fbem-14773	111	33	rate	rate	NOUN
fbem-14773	111	34	wgdpgr	wgdpgr	ADV
fbem-14773	111	35	(	(	PUNCT
fbem-14773	111	36	per	per	ADP
fbem-14773	111	37	capita	capita	X
fbem-14773	111	38	gdp	gdp	NOUN
fbem-14773	111	39	of	of	ADP
fbem-14773	111	40	this	this	DET
fbem-14773	111	41	year	year	NOUN
fbem-14773	111	42	-	-	PUNCT
fbem-14773	111	43	per	per	ADP
fbem-14773	111	44	capita	capita	X
fbem-14773	111	45	gdp	gdp	NOUN
fbem-14773	111	46	of	of	ADP
fbem-14773	111	47	last	last	ADJ
fbem-14773	111	48	year	year	NOUN
fbem-14773	111	49	)	)	PUNCT
fbem-14773	111	50	/	/	PUNCT
fbem-14773	111	51	per	per	ADP
fbem-14773	111	52	capita	capita	X
fbem-14773	111	53	gdp	gdp	NOUN
fbem-14773	111	54	of	of	ADP
fbem-14773	111	55	last	last	ADJ
fbem-14773	111	56	year	year	NOUN
fbem-14773	111	57	4	4	NUM
fbem-14773	111	58	.	.	PUNCT
fbem-14773	111	59	empirical	empirical	ADJ
fbem-14773	111	60	results	result	NOUN
fbem-14773	111	61	4.1	4.1	NUM
fbem-14773	111	62	.	.	PUNCT
fbem-14773	112	1	descriptive	descriptive	ADJ
fbem-14773	112	2	statistics	statistic	NOUN
fbem-14773	112	3	according	accord	VERB
fbem-14773	112	4	to	to	ADP
fbem-14773	112	5	the	the	DET
fbem-14773	112	6	descriptive	descriptive	ADJ
fbem-14773	112	7	statistics	statistic	NOUN
fbem-14773	112	8	in	in	ADP
fbem-14773	112	9	table	table	NOUN
fbem-14773	112	10	2	2	NUM
fbem-14773	112	11	,	,	PUNCT
fbem-14773	112	12	the	the	DET
fbem-14773	112	13	median	median	NOUN
fbem-14773	112	14	of	of	ADP
fbem-14773	112	15	the	the	DET
fbem-14773	112	16	total	total	ADJ
fbem-14773	112	17	amount	amount	NOUN
fbem-14773	112	18	of	of	ADP
fbem-14773	112	19	financial	financial	ADJ
fbem-14773	112	20	assets	asset	NOUN
fbem-14773	112	21	of	of	ADP
fbem-14773	112	22	enterprises	enterprise	NOUN
fbem-14773	112	23	is	be	AUX
fbem-14773	112	24	0.0232	0.0232	NUM
fbem-14773	112	25	,	,	PUNCT
fbem-14773	112	26	indicating	indicate	VERB
fbem-14773	112	27	that	that	SCONJ
fbem-14773	112	28	the	the	DET
fbem-14773	112	29	concentration	concentration	NOUN
fbem-14773	112	30	trend	trend	NOUN
fbem-14773	112	31	of	of	ADP
fbem-14773	112	32	financial	financial	ADJ
fbem-14773	112	33	assets	asset	NOUN
fbem-14773	112	34	of	of	ADP
fbem-14773	112	35	the	the	DET
fbem-14773	112	36	selected	select	VERB
fbem-14773	112	37	sample	sample	NOUN
fbem-14773	112	38	enterprises	enterprise	NOUN
fbem-14773	112	39	accounts	account	VERB
fbem-14773	112	40	for	for	ADP
fbem-14773	112	41	about	about	ADV
fbem-14773	112	42	2.3	2.3	NUM
fbem-14773	112	43	%	%	NOUN
fbem-14773	112	44	of	of	ADP
fbem-14773	112	45	the	the	DET
fbem-14773	112	46	total	total	ADJ
fbem-14773	112	47	assets	asset	NOUN
fbem-14773	112	48	,	,	PUNCT
fbem-14773	112	49	which	which	PRON
fbem-14773	112	50	is	be	AUX
fbem-14773	112	51	at	at	ADP
fbem-14773	112	52	a	a	DET
fbem-14773	112	53	lower	low	ADJ
fbem-14773	112	54	level	level	NOUN
fbem-14773	112	55	compared	compare	VERB
fbem-14773	112	56	with	with	ADP
fbem-14773	112	57	developed	develop	VERB
fbem-14773	112	58	countries	country	NOUN
fbem-14773	112	59	.	.	PUNCT
fbem-14773	113	1	the	the	DET
fbem-14773	113	2	minimum	minimum	ADJ
fbem-14773	113	3	value	value	NOUN
fbem-14773	113	4	is	be	AUX
fbem-14773	113	5	0	0	NUM
fbem-14773	113	6	,	,	PUNCT
fbem-14773	113	7	the	the	DET
fbem-14773	113	8	maximum	maximum	ADJ
fbem-14773	113	9	value	value	NOUN
fbem-14773	113	10	is	be	AUX
fbem-14773	113	11	0.7866	0.7866	NUM
fbem-14773	113	12	,	,	PUNCT
fbem-14773	113	13	and	and	CCONJ
fbem-14773	113	14	there	there	PRON
fbem-14773	113	15	is	be	VERB
fbem-14773	113	16	a	a	DET
fbem-14773	113	17	large	large	ADJ
fbem-14773	113	18	difference	difference	NOUN
fbem-14773	113	19	between	between	ADP
fbem-14773	113	20	them	they	PRON
fbem-14773	113	21	,	,	PUNCT
fbem-14773	113	22	indicating	indicate	VERB
fbem-14773	113	23	that	that	SCONJ
fbem-14773	113	24	there	there	PRON
fbem-14773	113	25	are	be	VERB
fbem-14773	113	26	significant	significant	ADJ
fbem-14773	113	27	differences	difference	NOUN
fbem-14773	113	28	in	in	ADP
fbem-14773	113	29	the	the	DET
fbem-14773	113	30	financial	financial	ADJ
fbem-14773	113	31	asset	asset	NOUN
fbem-14773	113	32	allocation	allocation	NOUN
fbem-14773	113	33	of	of	ADP
fbem-14773	113	34	different	different	ADJ
fbem-14773	113	35	enterprises	enterprise	NOUN
fbem-14773	113	36	,	,	PUNCT
fbem-14773	113	37	which	which	PRON
fbem-14773	113	38	need	need	VERB
fbem-14773	113	39	to	to	PART
fbem-14773	113	40	be	be	AUX
fbem-14773	113	41	further	far	ADV
fbem-14773	113	42	strengthened	strengthen	VERB
fbem-14773	113	43	.	.	PUNCT
fbem-14773	114	1	the	the	DET
fbem-14773	114	2	minimum	minimum	ADJ
fbem-14773	114	3	value	value	NOUN
fbem-14773	114	4	of	of	ADP
fbem-14773	114	5	customer	customer	NOUN
fbem-14773	114	6	concentration	concentration	NOUN
fbem-14773	114	7	is	be	AUX
fbem-14773	114	8	0.009	0.009	NUM
fbem-14773	114	9	,	,	PUNCT
fbem-14773	114	10	the	the	DET
fbem-14773	114	11	maximum	maximum	ADJ
fbem-14773	114	12	value	value	NOUN
fbem-14773	114	13	is	be	AUX
fbem-14773	114	14	0.9609	0.9609	NUM
fbem-14773	114	15	,	,	PUNCT
fbem-14773	114	16	and	and	CCONJ
fbem-14773	114	17	the	the	DET
fbem-14773	114	18	median	median	NOUN
fbem-14773	114	19	is	be	AUX
fbem-14773	114	20	0.2353	0.2353	NUM
fbem-14773	114	21	,	,	PUNCT
fbem-14773	114	22	indicating	indicate	VERB
fbem-14773	114	23	that	that	SCONJ
fbem-14773	114	24	all	all	DET
fbem-14773	114	25	enterprises	enterprise	NOUN
fbem-14773	114	26	in	in	ADP
fbem-14773	114	27	the	the	DET
fbem-14773	114	28	sample	sample	NOUN
fbem-14773	114	29	have	have	VERB
fbem-14773	114	30	customer	customer	NOUN
fbem-14773	114	31	relationship	relationship	NOUN
fbem-14773	114	32	transactions	transaction	NOUN
fbem-14773	114	33	,	,	PUNCT
fbem-14773	114	34	and	and	CCONJ
fbem-14773	114	35	there	there	PRON
fbem-14773	114	36	are	be	VERB
fbem-14773	114	37	huge	huge	ADJ
fbem-14773	114	38	differences	difference	NOUN
fbem-14773	114	39	in	in	ADP
fbem-14773	114	40	customer	customer	NOUN
fbem-14773	114	41	concentration	concentration	NOUN
fbem-14773	114	42	among	among	ADP
fbem-14773	114	43	enterprises	enterprise	NOUN
fbem-14773	114	44	,	,	PUNCT
fbem-14773	114	45	and	and	CCONJ
fbem-14773	114	46	some	some	DET
fbem-14773	114	47	enterprises	enterprise	NOUN
fbem-14773	114	48	have	have	VERB
fbem-14773	114	49	too	too	ADV
fbem-14773	114	50	high	high	ADJ
fbem-14773	114	51	dependence	dependence	NOUN
fbem-14773	114	52	on	on	ADP
fbem-14773	114	53	customers	customer	NOUN
fbem-14773	114	54	.	.	PUNCT
fbem-14773	115	1	the	the	DET
fbem-14773	115	2	rest	rest	NOUN
fbem-14773	115	3	of	of	ADP
fbem-14773	115	4	the	the	DET
fbem-14773	115	5	control	control	NOUN
fbem-14773	115	6	variables	variable	NOUN
fbem-14773	115	7	are	be	AUX
fbem-14773	115	8	in	in	ADP
fbem-14773	115	9	line	line	NOUN
fbem-14773	115	10	with	with	ADP
fbem-14773	115	11	the	the	DET
fbem-14773	115	12	normal	normal	ADJ
fbem-14773	115	13	distribution	distribution	NOUN
fbem-14773	115	14	and	and	CCONJ
fbem-14773	115	15	the	the	DET
fbem-14773	115	16	values	value	NOUN
fbem-14773	115	17	are	be	AUX
fbem-14773	115	18	within	within	ADP
fbem-14773	115	19	the	the	DET
fbem-14773	115	20	expected	expect	VERB
fbem-14773	115	21	range	range	NOUN
fbem-14773	115	22	.	.	PUNCT
fbem-14773	116	1	table	table	NOUN
fbem-14773	116	2	2	2	NUM
fbem-14773	116	3	.	.	PUNCT
fbem-14773	116	4	summary	summary	NOUN
fbem-14773	116	5	statistics	statistic	NOUN
fbem-14773	116	6	of	of	ADP
fbem-14773	116	7	the	the	DET
fbem-14773	116	8	main	main	ADJ
fbem-14773	116	9	variables	variable	NOUN
fbem-14773	116	10	.	.	PUNCT
fbem-14773	117	1	variable	variable	ADJ
fbem-14773	117	2	count	count	NOUN
fbem-14773	117	3	mean	mean	NOUN
fbem-14773	117	4	sd	sd	ADP
fbem-14773	117	5	min	min	PROPN
fbem-14773	117	6	p50	p50	NOUN
fbem-14773	117	7	max	max	PROPN
fbem-14773	117	8	wfinass	wfinass	VERB
fbem-14773	117	9	7356	7356	NUM
fbem-14773	117	10	0.0666	0.0666	NUM
fbem-14773	118	1	0.0986	0.0986	NUM
fbem-14773	118	2	0.0000	0.0000	NUM
fbem-14773	118	3	0.0232	0.0232	NUM
fbem-14773	118	4	0.7866	0.7866	NUM
fbem-14773	118	5	cc3	cc3	PROPN
fbem-14773	118	6	7356	7356	NUM
fbem-14773	118	7	0.2945	0.2945	NUM
fbem-14773	118	8	0.2088	0.2088	NUM
fbem-14773	118	9	0.0090	0.0090	NUM
fbem-14773	118	10	0.2353	0.2353	NUM
fbem-14773	118	11	0.9609	0.9609	NUM
fbem-14773	118	12	cv	cv	PROPN
fbem-14773	118	13	7356	7356	NUM
fbem-14773	118	14	0.0509	0.0509	NUM
fbem-14773	118	15	0.0537	0.0537	NUM
fbem-14773	118	16	0.0013	0.0013	NUM
fbem-14773	118	17	0.0339	0.0339	NUM
fbem-14773	118	18	0.3458	0.3458	NUM
fbem-14773	118	19	sd	sd	ADP
fbem-14773	118	20	7356	7356	NUM
fbem-14773	118	21	0.0381	0.0381	NUM
fbem-14773	118	22	0.0454	0.0454	NUM
fbem-14773	118	23	-0.2228	-0.2228	NOUN
fbem-14773	118	24	0.0276	0.0276	NUM
fbem-14773	118	25	1.0758	1.0758	NUM
fbem-14773	118	26	wsizea	wsizea	NOUN
fbem-14773	118	27	7356	7356	NUM
fbem-14773	118	28	22.2372	22.2372	NUM
fbem-14773	118	29	1.1525	1.1525	NUM
fbem-14773	118	30	18.9186	18.9186	NUM
fbem-14773	118	31	22.1148	22.1148	NUM
fbem-14773	118	32	26.5887	26.5887	NUM
fbem-14773	118	33	wlev	wlev	NOUN
fbem-14773	118	34	7356	7356	NUM
fbem-14773	118	35	0.4217	0.4217	NUM
fbem-14773	118	36	0.1924	0.1924	NUM
fbem-14773	118	37	0.0526	0.0526	NUM
fbem-14773	118	38	0.4163	0.4163	NUM
fbem-14773	118	39	0.9734	0.9734	NUM
fbem-14773	118	40	wcapint	wcapint	NOUN
fbem-14773	118	41	7356	7356	NUM
fbem-14773	118	42	0.2348	0.2348	NUM
fbem-14773	118	43	0.1591	0.1591	NUM
fbem-14773	118	44	0.0020	0.0020	NUM
fbem-14773	118	45	0.2036	0.2036	NUM
fbem-14773	118	46	0.7453	0.7453	NUM
fbem-14773	118	47	wroaa	wroaa	NOUN
fbem-14773	118	48	7356	7356	NUM
fbem-14773	118	49	0.0491	0.0491	NUM
fbem-14773	118	50	0.0409	0.0409	NUM
fbem-14773	118	51	0.0000	0.0000	NUM
fbem-14773	118	52	0.0385	0.0385	NUM
fbem-14773	118	53	0.2045	0.2045	NUM
fbem-14773	118	54	wgrowrat	wgrowrat	NOUN
fbem-14773	118	55	7356	7356	NUM
fbem-14773	118	56	0.3527	0.3527	NUM
fbem-14773	118	57	1.1598	1.1598	NUM
fbem-14773	118	58	-0.8683	-0.8683	NOUN
fbem-14773	118	59	0.1254	0.1254	NUM
fbem-14773	118	60	11.6520	11.6520	NUM
fbem-14773	118	61	wcf	wcf	NOUN
fbem-14773	118	62	7356	7356	NUM
fbem-14773	118	63	0.0510	0.0510	NUM
fbem-14773	118	64	0.0683	0.0683	NUM
fbem-14773	118	65	-0.2150	-0.2150	NOUN
fbem-14773	118	66	0.0472	0.0472	NUM
fbem-14773	118	67	0.2668	0.2668	NUM
fbem-14773	118	68	wbdsize	wbdsize	VERB
fbem-14773	118	69	7356	7356	NUM
fbem-14773	118	70	2.1509	2.1509	NUM
fbem-14773	118	71	0.1909	0.1909	NUM
fbem-14773	118	72	1.6094	1.6094	NUM
fbem-14773	118	73	2.1972	2.1972	NUM
fbem-14773	118	74	2.7081	2.7081	NUM
fbem-14773	118	75	windsize	windsize	NOUN
fbem-14773	118	76	7356	7356	NUM
fbem-14773	118	77	0.3706	0.3706	NUM
fbem-14773	118	78	0.0529	0.0529	NUM
fbem-14773	118	79	0.1818	0.1818	NUM
fbem-14773	118	80	0.3333	0.3333	NUM
fbem-14773	118	81	0.5714	0.5714	NUM
fbem-14773	118	82	same	same	ADJ
fbem-14773	118	83	7356	7356	NUM
fbem-14773	118	84	0.2458	0.2458	NUM
fbem-14773	118	85	0.4306	0.4306	NUM
fbem-14773	118	86	0.0000	0.0000	NUM
fbem-14773	118	87	0.0000	0.0000	NUM
fbem-14773	118	88	1.0000	1.0000	NUM
fbem-14773	118	89	cgpro	cgpro	NOUN
fbem-14773	118	90	7356	7356	NUM
fbem-14773	118	91	0.3514	0.3514	NUM
fbem-14773	118	92	0.1511	0.1511	NUM
fbem-14773	118	93	0.0362	0.0362	NUM
fbem-14773	118	94	0.3337	0.3337	NUM
fbem-14773	118	95	0.8909	0.8909	NUM
fbem-14773	118	96	big4	big4	NOUN
fbem-14773	118	97	7356	7356	NUM
fbem-14773	118	98	0.0522	0.0522	NUM
fbem-14773	118	99	0.2224	0.2224	NUM
fbem-14773	118	100	0.0000	0.0000	NUM
fbem-14773	118	101	0.0000	0.0000	NUM
fbem-14773	118	102	1.0000	1.0000	NUM
fbem-14773	118	103	wgdpgr	wgdpgr	VERB
fbem-14773	118	104	7356	7356	NUM
fbem-14773	118	105	0.0890	0.0890	NUM
fbem-14773	118	106	0.0414	0.0414	NUM
fbem-14773	118	107	-0.0736	-0.0736	NOUN
fbem-14773	118	108	0.0861	0.0861	NUM
fbem-14773	118	109	0.2518	0.2518	NUM
fbem-14773	118	110	128	128	NUM
fbem-14773	118	111	4.2	4.2	NUM
fbem-14773	118	112	.	.	PUNCT
fbem-14773	119	1	baseline	baseline	PROPN
fbem-14773	119	2	results	result	NOUN
fbem-14773	119	3	table	table	NOUN
fbem-14773	119	4	3	3	NUM
fbem-14773	119	5	reports	report	VERB
fbem-14773	119	6	the	the	DET
fbem-14773	119	7	empirical	empirical	ADJ
fbem-14773	119	8	regression	regression	NOUN
fbem-14773	119	9	results	result	NOUN
fbem-14773	119	10	of	of	ADP
fbem-14773	119	11	the	the	DET
fbem-14773	119	12	impact	impact	NOUN
fbem-14773	119	13	of	of	ADP
fbem-14773	119	14	customer	customer	NOUN
fbem-14773	119	15	concentration	concentration	NOUN
fbem-14773	119	16	on	on	ADP
fbem-14773	119	17	the	the	DET
fbem-14773	119	18	financial	financial	ADJ
fbem-14773	119	19	asset	asset	NOUN
fbem-14773	119	20	allocation	allocation	NOUN
fbem-14773	119	21	of	of	ADP
fbem-14773	119	22	enterprises	enterprise	NOUN
fbem-14773	119	23	.	.	PUNCT
fbem-14773	120	1	the	the	DET
fbem-14773	120	2	regression	regression	NOUN
fbem-14773	120	3	results	result	NOUN
fbem-14773	120	4	of	of	ADP
fbem-14773	120	5	the	the	DET
fbem-14773	120	6	control	control	NOUN
fbem-14773	120	7	variables	variable	NOUN
fbem-14773	120	8	show	show	VERB
fbem-14773	120	9	that	that	SCONJ
fbem-14773	120	10	,	,	PUNCT
fbem-14773	120	11	among	among	ADP
fbem-14773	120	12	the	the	DET
fbem-14773	120	13	sample	sample	NOUN
fbem-14773	120	14	listed	list	VERB
fbem-14773	120	15	companies	company	NOUN
fbem-14773	120	16	,	,	PUNCT
fbem-14773	120	17	enterprise	enterprise	NOUN
fbem-14773	120	18	size	size	NOUN
fbem-14773	120	19	(	(	PUNCT
fbem-14773	120	20	wsizea	wsizea	NOUN
fbem-14773	120	21	)	)	PUNCT
fbem-14773	120	22	and	and	CCONJ
fbem-14773	120	23	cash	cash	NOUN
fbem-14773	120	24	flow	flow	NOUN
fbem-14773	120	25	(	(	PUNCT
fbem-14773	120	26	wcf	wcf	NOUN
fbem-14773	120	27	)	)	PUNCT
fbem-14773	120	28	are	be	AUX
fbem-14773	120	29	significantly	significantly	ADV
fbem-14773	120	30	positively	positively	ADV
fbem-14773	120	31	correlated	correlate	VERB
fbem-14773	120	32	with	with	ADP
fbem-14773	120	33	enterprise	enterprise	NOUN
fbem-14773	120	34	financial	financial	ADJ
fbem-14773	120	35	asset	asset	NOUN
fbem-14773	120	36	allocation	allocation	NOUN
fbem-14773	120	37	,	,	PUNCT
fbem-14773	120	38	indicating	indicate	VERB
fbem-14773	120	39	that	that	SCONJ
fbem-14773	120	40	enterprises	enterprise	NOUN
fbem-14773	120	41	with	with	ADP
fbem-14773	120	42	larger	large	ADJ
fbem-14773	120	43	size	size	NOUN
fbem-14773	120	44	tend	tend	VERB
fbem-14773	120	45	to	to	PART
fbem-14773	120	46	have	have	VERB
fbem-14773	120	47	higher	high	ADJ
fbem-14773	120	48	cash	cash	NOUN
fbem-14773	120	49	flow	flow	NOUN
fbem-14773	120	50	,	,	PUNCT
fbem-14773	120	51	and	and	CCONJ
fbem-14773	120	52	large	large	ADJ
fbem-14773	120	53	enterprises	enterprise	NOUN
fbem-14773	120	54	usually	usually	ADV
fbem-14773	120	55	have	have	VERB
fbem-14773	120	56	more	more	ADJ
fbem-14773	120	57	resources	resource	NOUN
fbem-14773	120	58	and	and	CCONJ
fbem-14773	120	59	market	market	NOUN
fbem-14773	120	60	share	share	NOUN
fbem-14773	120	61	,	,	PUNCT
fbem-14773	120	62	which	which	PRON
fbem-14773	120	63	have	have	VERB
fbem-14773	120	64	a	a	DET
fbem-14773	120	65	positive	positive	ADJ
fbem-14773	120	66	effect	effect	NOUN
fbem-14773	120	67	on	on	ADP
fbem-14773	120	68	their	their	PRON
fbem-14773	120	69	financial	financial	ADJ
fbem-14773	120	70	asset	asset	NOUN
fbem-14773	120	71	allocation	allocation	NOUN
fbem-14773	120	72	.	.	PUNCT
fbem-14773	121	1	asset	asset	NOUN
fbem-14773	121	2	-	-	PUNCT
fbem-14773	121	3	liability	liability	NOUN
fbem-14773	121	4	ratio	ratio	NOUN
fbem-14773	121	5	(	(	PUNCT
fbem-14773	121	6	wlev	wlev	NOUN
fbem-14773	121	7	)	)	PUNCT
fbem-14773	121	8	,	,	PUNCT
fbem-14773	121	9	fixed	fix	VERB
fbem-14773	121	10	asset	asset	NOUN
fbem-14773	121	11	intensity	intensity	NOUN
fbem-14773	121	12	(	(	PUNCT
fbem-14773	121	13	wcapint	wcapint	NOUN
fbem-14773	121	14	)	)	PUNCT
fbem-14773	121	15	and	and	CCONJ
fbem-14773	121	16	operating	operate	VERB
fbem-14773	121	17	income	income	NOUN
fbem-14773	121	18	growth	growth	NOUN
fbem-14773	121	19	rate	rate	NOUN
fbem-14773	121	20	(	(	PUNCT
fbem-14773	121	21	wgrowrat	wgrowrat	NOUN
fbem-14773	121	22	)	)	PUNCT
fbem-14773	121	23	are	be	AUX
fbem-14773	121	24	significantly	significantly	ADV
fbem-14773	121	25	negatively	negatively	ADV
fbem-14773	121	26	correlated	correlate	VERB
fbem-14773	121	27	with	with	ADP
fbem-14773	121	28	enterprise	enterprise	NOUN
fbem-14773	121	29	financial	financial	ADJ
fbem-14773	121	30	asset	asset	NOUN
fbem-14773	121	31	allocation	allocation	NOUN
fbem-14773	121	32	,	,	PUNCT
fbem-14773	121	33	and	and	CCONJ
fbem-14773	121	34	enterprises	enterprise	NOUN
fbem-14773	121	35	restrict	restrict	VERB
fbem-14773	121	36	their	their	PRON
fbem-14773	121	37	capital	capital	NOUN
fbem-14773	121	38	liquidity	liquidity	NOUN
fbem-14773	121	39	due	due	ADP
fbem-14773	121	40	to	to	ADP
fbem-14773	121	41	high	high	ADJ
fbem-14773	121	42	debt	debt	NOUN
fbem-14773	121	43	ratio	ratio	NOUN
fbem-14773	121	44	,	,	PUNCT
fbem-14773	121	45	excessive	excessive	ADJ
fbem-14773	121	46	fixed	fix	VERB
fbem-14773	121	47	asset	asset	NOUN
fbem-14773	121	48	investment	investment	NOUN
fbem-14773	121	49	or	or	CCONJ
fbem-14773	121	50	slow	slow	VERB
fbem-14773	121	51	revenue	revenue	NOUN
fbem-14773	121	52	growth	growth	NOUN
fbem-14773	121	53	,	,	PUNCT
fbem-14773	121	54	which	which	PRON
fbem-14773	121	55	affect	affect	VERB
fbem-14773	121	56	their	their	PRON
fbem-14773	121	57	financial	financial	ADJ
fbem-14773	121	58	asset	asset	NOUN
fbem-14773	121	59	allocation	allocation	NOUN
fbem-14773	121	60	level	level	NOUN
fbem-14773	121	61	.	.	PUNCT
fbem-14773	122	1	the	the	DET
fbem-14773	122	2	above	above	ADJ
fbem-14773	122	3	control	control	NOUN
fbem-14773	122	4	variables	variable	NOUN
fbem-14773	122	5	have	have	AUX
fbem-14773	122	6	passed	pass	VERB
fbem-14773	122	7	the	the	DET
fbem-14773	122	8	1	1	NUM
fbem-14773	122	9	%	%	NOUN
fbem-14773	122	10	significance	significance	NOUN
fbem-14773	122	11	test	test	NOUN
fbem-14773	122	12	,	,	PUNCT
fbem-14773	122	13	and	and	CCONJ
fbem-14773	122	14	the	the	DET
fbem-14773	122	15	results	result	NOUN
fbem-14773	122	16	are	be	AUX
fbem-14773	122	17	in	in	ADP
fbem-14773	122	18	line	line	NOUN
fbem-14773	122	19	with	with	ADP
fbem-14773	122	20	expectations	expectation	NOUN
fbem-14773	122	21	.	.	PUNCT
fbem-14773	123	1	the	the	DET
fbem-14773	123	2	parameter	parameter	PROPN
fbem-14773	123	3	estimation	estimation	NOUN
fbem-14773	123	4	value	value	NOUN
fbem-14773	123	5	of	of	ADP
fbem-14773	123	6	customer	customer	NOUN
fbem-14773	123	7	concentration	concentration	NOUN
fbem-14773	123	8	is	be	AUX
fbem-14773	123	9	-0.0247	-0.0247	VERB
fbem-14773	123	10	and	and	CCONJ
fbem-14773	123	11	is	be	AUX
fbem-14773	123	12	significant	significant	ADJ
fbem-14773	123	13	at	at	ADP
fbem-14773	123	14	the	the	DET
fbem-14773	123	15	1	1	NUM
fbem-14773	123	16	%	%	NOUN
fbem-14773	123	17	level	level	NOUN
fbem-14773	123	18	.	.	PUNCT
fbem-14773	124	1	this	this	DET
fbem-14773	124	2	result	result	NOUN
fbem-14773	124	3	indicates	indicate	VERB
fbem-14773	124	4	that	that	SCONJ
fbem-14773	124	5	the	the	DET
fbem-14773	124	6	financial	financial	ADJ
fbem-14773	124	7	asset	asset	NOUN
fbem-14773	124	8	allocation	allocation	NOUN
fbem-14773	124	9	of	of	ADP
fbem-14773	124	10	enterprises	enterprise	NOUN
fbem-14773	124	11	shows	show	VERB
fbem-14773	124	12	a	a	DET
fbem-14773	124	13	significant	significant	ADJ
fbem-14773	124	14	downward	downward	ADJ
fbem-14773	124	15	trend	trend	NOUN
fbem-14773	124	16	with	with	ADP
fbem-14773	124	17	the	the	DET
fbem-14773	124	18	increase	increase	NOUN
fbem-14773	124	19	of	of	ADP
fbem-14773	124	20	customer	customer	NOUN
fbem-14773	124	21	concentration	concentration	NOUN
fbem-14773	124	22	,	,	PUNCT
fbem-14773	124	23	which	which	PRON
fbem-14773	124	24	has	have	VERB
fbem-14773	124	25	a	a	DET
fbem-14773	124	26	certain	certain	ADJ
fbem-14773	124	27	inhibitory	inhibitory	ADJ
fbem-14773	124	28	effect	effect	NOUN
fbem-14773	124	29	,	,	PUNCT
fbem-14773	124	30	and	and	CCONJ
fbem-14773	124	31	basically	basically	ADV
fbem-14773	124	32	supports	support	VERB
fbem-14773	124	33	h1	h1	PROPN
fbem-14773	125	1	.	.	PUNCT
fbem-14773	125	2	table	table	NOUN
fbem-14773	125	3	3	3	NUM
fbem-14773	125	4	.	.	PUNCT
fbem-14773	125	5	baseline	baseline	PROPN
fbem-14773	125	6	results	result	NOUN
fbem-14773	125	7	.	.	PUNCT
fbem-14773	126	1	(	(	PUNCT
fbem-14773	126	2	1	1	X
fbem-14773	126	3	)	)	PUNCT
fbem-14773	126	4	wfinass	wfinass	PROPN
fbem-14773	126	5	cc3	cc3	PROPN
fbem-14773	126	6	-0.0247	-0.0247	PROPN
fbem-14773	126	7	*	*	PUNCT
fbem-14773	127	1	*	*	PUNCT
fbem-14773	127	2	*	*	PUNCT
fbem-14773	127	3	(	(	PUNCT
fbem-14773	127	4	-4.4752	-4.4752	NOUN
fbem-14773	127	5	)	)	PUNCT
fbem-14773	127	6	wsizea	wsizea	NOUN
fbem-14773	127	7	0.0072	0.0072	NUM
fbem-14773	127	8	*	*	PUNCT
fbem-14773	127	9	*	*	PUNCT
fbem-14773	127	10	*	*	PUNCT
fbem-14773	127	11	(	(	PUNCT
fbem-14773	127	12	5.8783	5.8783	NUM
fbem-14773	127	13	)	)	PUNCT
fbem-14773	127	14	wlev	wlev	NOUN
fbem-14773	127	15	-0.1360	-0.1360	NOUN
fbem-14773	128	1	*	*	PUNCT
fbem-14773	128	2	*	*	PUNCT
fbem-14773	128	3	*	*	PUNCT
fbem-14773	128	4	(	(	PUNCT
fbem-14773	128	5	-19.1219	-19.1219	NUM
fbem-14773	128	6	)	)	PUNCT
fbem-14773	128	7	wcapint	wcapint	NOUN
fbem-14773	128	8	-0.1756	-0.1756	NOUN
fbem-14773	128	9	*	*	PUNCT
fbem-14773	128	10	*	*	PUNCT
fbem-14773	128	11	*	*	PUNCT
fbem-14773	128	12	(	(	PUNCT
fbem-14773	128	13	-20.4648	-20.4648	NOUN
fbem-14773	128	14	)	)	PUNCT
fbem-14773	128	15	wroaa	wroaa	NOUN
fbem-14773	128	16	-0.0647	-0.0647	NOUN
fbem-14773	128	17	*	*	PUNCT
fbem-14773	128	18	*	*	PUNCT
fbem-14773	128	19	(	(	PUNCT
fbem-14773	128	20	-1.9973	-1.9973	NOUN
fbem-14773	128	21	)	)	PUNCT
fbem-14773	128	22	wgrowrat	wgrowrat	PROPN
fbem-14773	128	23	-0.0026	-0.0026	PUNCT
fbem-14773	128	24	*	*	PUNCT
fbem-14773	129	1	*	*	PUNCT
fbem-14773	129	2	*	*	PUNCT
fbem-14773	129	3	(	(	PUNCT
fbem-14773	129	4	-2.8734	-2.8734	NUM
fbem-14773	129	5	)	)	PUNCT
fbem-14773	129	6	wcf	wcf	NOUN
fbem-14773	129	7	0.0825	0.0825	NUM
fbem-14773	130	1	*	*	PUNCT
fbem-14773	130	2	*	*	PUNCT
fbem-14773	130	3	*	*	PUNCT
fbem-14773	130	4	(	(	PUNCT
fbem-14773	130	5	4.5035	4.5035	NUM
fbem-14773	130	6	)	)	PUNCT
fbem-14773	130	7	wbdsize	wbdsize	NOUN
fbem-14773	130	8	-0.0169	-0.0169	PROPN
fbem-14773	130	9	*	*	PUNCT
fbem-14773	130	10	*	*	PUNCT
fbem-14773	130	11	(	(	PUNCT
fbem-14773	130	12	-2.5208	-2.5208	NOUN
fbem-14773	130	13	)	)	PUNCT
fbem-14773	130	14	windsize	windsize	NOUN
fbem-14773	130	15	-0.0029	-0.0029	PROPN
fbem-14773	130	16	(	(	PUNCT
fbem-14773	130	17	-0.1287	-0.1287	PROPN
fbem-14773	130	18	)	)	PUNCT
fbem-14773	130	19	same	same	ADJ
fbem-14773	130	20	0.0053	0.0053	NUM
fbem-14773	131	1	*	*	PUNCT
fbem-14773	131	2	*	*	PUNCT
fbem-14773	131	3	(	(	PUNCT
fbem-14773	131	4	2.1493	2.1493	NUM
fbem-14773	131	5	)	)	PUNCT
fbem-14773	131	6	cgpro	cgpro	NOUN
fbem-14773	131	7	-0.0004	-0.0004	X
fbem-14773	131	8	(	(	PUNCT
fbem-14773	131	9	-0.0488	-0.0488	NOUN
fbem-14773	131	10	)	)	PUNCT
fbem-14773	131	11	big4	big4	PROPN
fbem-14773	131	12	-0.0132	-0.0132	NOUN
fbem-14773	131	13	*	*	PUNCT
fbem-14773	131	14	*	*	PUNCT
fbem-14773	131	15	*	*	PUNCT
fbem-14773	131	16	(	(	PUNCT
fbem-14773	131	17	-2.6676	-2.6676	PROPN
fbem-14773	131	18	)	)	PUNCT
fbem-14773	131	19	wgdpgr	wgdpgr	VERB
fbem-14773	131	20	0.0274	0.0274	NUM
fbem-14773	131	21	(	(	PUNCT
fbem-14773	131	22	0.8302	0.8302	NUM
fbem-14773	131	23	)	)	PUNCT
fbem-14773	131	24	n	n	PROPN
fbem-14773	131	25	7356	7356	NUM
fbem-14773	131	26	adj	adj	PROPN
fbem-14773	131	27	.	.	PROPN
fbem-14773	132	1	r2	r2	PROPN
fbem-14773	132	2	0.219	0.219	NUM
fbem-14773	132	3	t	t	PROPN
fbem-14773	132	4	statistics	statistic	NOUN
fbem-14773	132	5	in	in	ADP
fbem-14773	132	6	parentheses	parenthesis	NOUN
fbem-14773	132	7	*	*	PUNCT
fbem-14773	132	8	p	p	X
fbem-14773	132	9	<	<	X
fbem-14773	132	10	0.1	0.1	NUM
fbem-14773	132	11	,	,	PUNCT
fbem-14773	132	12	*	*	PUNCT
fbem-14773	132	13	*	*	PUNCT
fbem-14773	132	14	p	p	X
fbem-14773	132	15	<	<	X
fbem-14773	132	16	0.05	0.05	NUM
fbem-14773	132	17	,	,	PUNCT
fbem-14773	132	18	*	*	PUNCT
fbem-14773	133	1	*	*	PUNCT
fbem-14773	133	2	*	*	PUNCT
fbem-14773	133	3	p	p	X
fbem-14773	133	4	<	<	X
fbem-14773	133	5	0.01	0.01	NUM
fbem-14773	133	6	4.3	4.3	NUM
fbem-14773	133	7	.	.	PUNCT
fbem-14773	134	1	robustness	robustness	NOUN
fbem-14773	134	2	tests	test	NOUN
fbem-14773	134	3	4.3.1	4.3.1	VERB
fbem-14773	134	4	.	.	PUNCT
fbem-14773	135	1	change	change	VERB
fbem-14773	135	2	the	the	DET
fbem-14773	135	3	explained	explain	VERB
fbem-14773	135	4	variable	variable	ADJ
fbem-14773	135	5	measure	measure	NOUN
fbem-14773	135	6	method	method	NOUN
fbem-14773	135	7	enterprise	enterprise	NOUN
fbem-14773	135	8	financialization	financialization	NOUN
fbem-14773	135	9	refers	refer	VERB
fbem-14773	135	10	to	to	ADP
fbem-14773	135	11	the	the	DET
fbem-14773	135	12	degree	degree	NOUN
fbem-14773	135	13	of	of	ADP
fbem-14773	135	14	dependence	dependence	NOUN
fbem-14773	135	15	of	of	ADP
fbem-14773	135	16	enterprises	enterprise	NOUN
fbem-14773	135	17	on	on	ADP
fbem-14773	135	18	financial	financial	ADJ
fbem-14773	135	19	instruments	instrument	NOUN
fbem-14773	135	20	and	and	CCONJ
fbem-14773	135	21	financial	financial	ADJ
fbem-14773	135	22	markets	market	NOUN
fbem-14773	135	23	in	in	ADP
fbem-14773	135	24	their	their	PRON
fbem-14773	135	25	operation	operation	NOUN
fbem-14773	135	26	and	and	CCONJ
fbem-14773	135	27	development	development	NOUN
fbem-14773	135	28	process	process	NOUN
fbem-14773	135	29	.	.	PUNCT
fbem-14773	136	1	there	there	PRON
fbem-14773	136	2	is	be	VERB
fbem-14773	136	3	a	a	DET
fbem-14773	136	4	close	close	ADJ
fbem-14773	136	5	connection	connection	NOUN
fbem-14773	136	6	between	between	ADP
fbem-14773	136	7	enterprise	enterprise	NOUN
fbem-14773	136	8	financial	financial	ADJ
fbem-14773	136	9	asset	asset	NOUN
fbem-14773	136	10	allocation	allocation	NOUN
fbem-14773	136	11	and	and	CCONJ
fbem-14773	136	12	enterprise	enterprise	NOUN
fbem-14773	136	13	financialization	financialization	NOUN
fbem-14773	136	14	.	.	PUNCT
fbem-14773	137	1	generally	generally	ADV
fbem-14773	137	2	speaking	speak	VERB
fbem-14773	137	3	,	,	PUNCT
fbem-14773	137	4	the	the	PRON
fbem-14773	137	5	higher	high	ADJ
fbem-14773	137	6	the	the	DET
fbem-14773	137	7	degree	degree	NOUN
fbem-14773	137	8	of	of	ADP
fbem-14773	137	9	enterprise	enterprise	NOUN
fbem-14773	137	10	financialization	financialization	NOUN
fbem-14773	137	11	,	,	PUNCT
fbem-14773	137	12	the	the	PRON
fbem-14773	137	13	larger	large	ADJ
fbem-14773	137	14	the	the	DET
fbem-14773	137	15	proportion	proportion	NOUN
fbem-14773	137	16	of	of	ADP
fbem-14773	137	17	financial	financial	ADJ
fbem-14773	137	18	asset	asset	NOUN
fbem-14773	137	19	allocation	allocation	NOUN
fbem-14773	137	20	.	.	PUNCT
fbem-14773	138	1	this	this	DET
fbem-14773	138	2	paper	paper	NOUN
fbem-14773	138	3	uses	use	VERB
fbem-14773	138	4	whether	whether	SCONJ
fbem-14773	138	5	the	the	DET
fbem-14773	138	6	enterprise	enterprise	NOUN
fbem-14773	138	7	is	be	AUX
fbem-14773	138	8	financialized	financialize	VERB
fbem-14773	138	9	(	(	PUNCT
fbem-14773	138	10	wnofinass	wnofinass	NOUN
fbem-14773	138	11	)	)	PUNCT
fbem-14773	138	12	as	as	ADP
fbem-14773	138	13	the	the	DET
fbem-14773	138	14	proxy	proxy	ADJ
fbem-14773	138	15	variable	variable	NOUN
fbem-14773	138	16	of	of	ADP
fbem-14773	138	17	enterprise	enterprise	NOUN
fbem-14773	138	18	financial	financial	ADJ
fbem-14773	138	19	asset	asset	NOUN
fbem-14773	138	20	allocation	allocation	NOUN
fbem-14773	138	21	.	.	PUNCT
fbem-14773	139	1	the	the	DET
fbem-14773	139	2	regression	regression	NOUN
fbem-14773	139	3	result	result	NOUN
fbem-14773	139	4	of	of	ADP
fbem-14773	139	5	column	column	NOUN
fbem-14773	139	6	(	(	PUNCT
fbem-14773	139	7	1	1	NUM
fbem-14773	139	8	)	)	PUNCT
fbem-14773	139	9	in	in	ADP
fbem-14773	139	10	table	table	NOUN
fbem-14773	139	11	4	4	NUM
fbem-14773	139	12	shows	show	VERB
fbem-14773	139	13	that	that	SCONJ
fbem-14773	139	14	after	after	ADP
fbem-14773	139	15	replacing	replace	VERB
fbem-14773	139	16	the	the	DET
fbem-14773	139	17	proxy	proxy	ADJ
fbem-14773	139	18	variable	variable	NOUN
fbem-14773	139	19	,	,	PUNCT
fbem-14773	139	20	the	the	DET
fbem-14773	139	21	coefficient	coefficient	NOUN
fbem-14773	139	22	estimation	estimation	NOUN
fbem-14773	139	23	value	value	NOUN
fbem-14773	139	24	of	of	ADP
fbem-14773	139	25	customer	customer	NOUN
fbem-14773	139	26	concentration	concentration	NOUN
fbem-14773	139	27	is	be	AUX
fbem-14773	139	28	-1.8938	-1.8938	ADJ
fbem-14773	139	29	and	and	CCONJ
fbem-14773	139	30	is	be	AUX
fbem-14773	139	31	significant	significant	ADJ
fbem-14773	139	32	at	at	ADP
fbem-14773	139	33	the	the	DET
fbem-14773	139	34	1	1	NUM
fbem-14773	139	35	%	%	NOUN
fbem-14773	139	36	level	level	NOUN
fbem-14773	139	37	.	.	PUNCT
fbem-14773	140	1	the	the	DET
fbem-14773	140	2	regression	regression	NOUN
fbem-14773	140	3	result	result	NOUN
fbem-14773	140	4	is	be	AUX
fbem-14773	140	5	in	in	ADP
fbem-14773	140	6	line	line	NOUN
fbem-14773	140	7	with	with	ADP
fbem-14773	140	8	the	the	DET
fbem-14773	140	9	expectation	expectation	NOUN
fbem-14773	140	10	and	and	CCONJ
fbem-14773	140	11	consistent	consistent	ADJ
fbem-14773	140	12	with	with	ADP
fbem-14773	140	13	the	the	DET
fbem-14773	140	14	previous	previous	ADJ
fbem-14773	140	15	conclusion	conclusion	NOUN
fbem-14773	140	16	.	.	PUNCT
fbem-14773	141	1	4.3.2	4.3.2	X
fbem-14773	141	2	.	.	PUNCT
fbem-14773	142	1	change	change	VERB
fbem-14773	142	2	explanatory	explanatory	ADJ
fbem-14773	142	3	variables	variable	NOUN
fbem-14773	142	4	herfindahl	herfindahl	VERB
fbem-14773	142	5	index	index	NOUN
fbem-14773	142	6	(	(	PUNCT
fbem-14773	142	7	cc1	cc1	PROPN
fbem-14773	142	8	)	)	PUNCT
fbem-14773	142	9	refers	refer	VERB
fbem-14773	142	10	to	to	ADP
fbem-14773	142	11	the	the	DET
fbem-14773	142	12	weighted	weight	VERB
fbem-14773	142	13	sum	sum	NOUN
fbem-14773	142	14	of	of	ADP
fbem-14773	142	15	squares	square	NOUN
fbem-14773	142	16	of	of	ADP
fbem-14773	142	17	the	the	DET
fbem-14773	142	18	proportion	proportion	NOUN
fbem-14773	142	19	of	of	ADP
fbem-14773	142	20	sales	sale	NOUN
fbem-14773	142	21	revenue	revenue	NOUN
fbem-14773	142	22	of	of	ADP
fbem-14773	142	23	the	the	DET
fbem-14773	142	24	top	top	ADJ
fbem-14773	142	25	five	five	NUM
fbem-14773	142	26	customers	customer	NOUN
fbem-14773	142	27	to	to	ADP
fbem-14773	142	28	the	the	DET
fbem-14773	142	29	total	total	ADJ
fbem-14773	142	30	sales	sale	NOUN
fbem-14773	142	31	revenue	revenue	NOUN
fbem-14773	142	32	of	of	ADP
fbem-14773	142	33	the	the	DET
fbem-14773	142	34	enterprise	enterprise	NOUN
fbem-14773	142	35	,	,	PUNCT
fbem-14773	142	36	which	which	PRON
fbem-14773	142	37	is	be	AUX
fbem-14773	142	38	another	another	DET
fbem-14773	142	39	indicator	indicator	NOUN
fbem-14773	142	40	used	use	VERB
fbem-14773	142	41	to	to	PART
fbem-14773	142	42	measure	measure	VERB
fbem-14773	142	43	customer	customer	NOUN
fbem-14773	142	44	concentration	concentration	NOUN
fbem-14773	142	45	.	.	PUNCT
fbem-14773	143	1	replacing	replace	VERB
fbem-14773	143	2	the	the	DET
fbem-14773	143	3	explanatory	explanatory	ADJ
fbem-14773	143	4	variable	variable	NOUN
fbem-14773	143	5	cc3	cc3	PROPN
fbem-14773	143	6	with	with	ADP
fbem-14773	143	7	cc1	cc1	PROPN
fbem-14773	143	8	,	,	PUNCT
fbem-14773	143	9	the	the	DET
fbem-14773	143	10	robustness	robustness	NOUN
fbem-14773	143	11	test	test	NOUN
fbem-14773	143	12	is	be	AUX
fbem-14773	143	13	conducted	conduct	VERB
fbem-14773	143	14	.	.	PUNCT
fbem-14773	144	1	the	the	DET
fbem-14773	144	2	regression	regression	NOUN
fbem-14773	144	3	result	result	NOUN
fbem-14773	144	4	is	be	AUX
fbem-14773	144	5	shown	show	VERB
fbem-14773	144	6	in	in	ADP
fbem-14773	144	7	column	column	NOUN
fbem-14773	144	8	(	(	PUNCT
fbem-14773	144	9	2	2	NUM
fbem-14773	144	10	)	)	PUNCT
fbem-14773	144	11	,	,	PUNCT
fbem-14773	144	12	and	and	CCONJ
fbem-14773	144	13	the	the	DET
fbem-14773	144	14	coefficient	coefficient	ADJ
fbem-14773	144	15	estimate	estimate	NOUN
fbem-14773	144	16	of	of	ADP
fbem-14773	144	17	cc1	cc1	NOUN
fbem-14773	144	18	is	be	AUX
fbem-14773	144	19	-0.0436	-0.0436	ADJ
fbem-14773	144	20	,	,	PUNCT
fbem-14773	144	21	which	which	PRON
fbem-14773	144	22	is	be	AUX
fbem-14773	144	23	significant	significant	ADJ
fbem-14773	144	24	at	at	ADP
fbem-14773	144	25	the	the	DET
fbem-14773	144	26	1	1	NUM
fbem-14773	144	27	%	%	NOUN
fbem-14773	144	28	level	level	NOUN
fbem-14773	144	29	.	.	PUNCT
fbem-14773	145	1	the	the	DET
fbem-14773	145	2	research	research	NOUN
fbem-14773	145	3	conclusion	conclusion	NOUN
fbem-14773	145	4	is	be	AUX
fbem-14773	145	5	basically	basically	ADV
fbem-14773	145	6	valid	valid	ADJ
fbem-14773	145	7	.	.	PUNCT
fbem-14773	146	1	4.3.3	4.3.3	X
fbem-14773	146	2	.	.	PUNCT
fbem-14773	146	3	psm	psm	PROPN
fbem-14773	146	4	selecting	select	VERB
fbem-14773	146	5	the	the	DET
fbem-14773	146	6	same	same	ADJ
fbem-14773	146	7	control	control	NOUN
fbem-14773	146	8	variables	variable	NOUN
fbem-14773	146	9	as	as	ADP
fbem-14773	146	10	in	in	ADP
fbem-14773	146	11	the	the	DET
fbem-14773	146	12	previous	previous	ADJ
fbem-14773	146	13	text	text	NOUN
fbem-14773	146	14	129	129	NUM
fbem-14773	146	15	as	as	ADP
fbem-14773	146	16	matching	matching	NOUN
fbem-14773	146	17	variables	variable	NOUN
fbem-14773	146	18	,	,	PUNCT
fbem-14773	146	19	using	use	VERB
fbem-14773	146	20	1:1	1:1	NUM
fbem-14773	146	21	nearest	near	ADJ
fbem-14773	146	22	neighbor	neighbor	NOUN
fbem-14773	146	23	matching	match	VERB
fbem-14773	146	24	to	to	PART
fbem-14773	146	25	match	match	VERB
fbem-14773	146	26	samples	sample	NOUN
fbem-14773	146	27	and	and	CCONJ
fbem-14773	146	28	exclude	exclude	VERB
fbem-14773	146	29	samples	sample	NOUN
fbem-14773	146	30	that	that	PRON
fbem-14773	146	31	are	be	AUX
fbem-14773	146	32	not	not	PART
fbem-14773	146	33	successfully	successfully	ADV
fbem-14773	146	34	matched	match	VERB
fbem-14773	146	35	.	.	PUNCT
fbem-14773	147	1	column	column	NOUN
fbem-14773	147	2	(	(	PUNCT
fbem-14773	147	3	3	3	X
fbem-14773	147	4	)	)	PUNCT
fbem-14773	147	5	is	be	AUX
fbem-14773	147	6	the	the	DET
fbem-14773	147	7	psm	psm	PROPN
fbem-14773	147	8	test	test	NOUN
fbem-14773	147	9	result	result	NOUN
fbem-14773	147	10	,	,	PUNCT
fbem-14773	147	11	and	and	CCONJ
fbem-14773	147	12	the	the	DET
fbem-14773	147	13	coefficient	coefficient	ADJ
fbem-14773	147	14	estimate	estimate	NOUN
fbem-14773	147	15	of	of	ADP
fbem-14773	147	16	customer	customer	NOUN
fbem-14773	147	17	concentration	concentration	NOUN
fbem-14773	147	18	is	be	AUX
fbem-14773	147	19	-0.0214	-0.0214	ADJ
fbem-14773	147	20	,	,	PUNCT
fbem-14773	147	21	which	which	PRON
fbem-14773	147	22	is	be	AUX
fbem-14773	147	23	significant	significant	ADJ
fbem-14773	147	24	at	at	ADP
fbem-14773	147	25	the	the	DET
fbem-14773	147	26	1	1	NUM
fbem-14773	147	27	%	%	NOUN
fbem-14773	147	28	level	level	NOUN
fbem-14773	147	29	.	.	PUNCT
fbem-14773	148	1	the	the	DET
fbem-14773	148	2	conclusion	conclusion	NOUN
fbem-14773	148	3	is	be	AUX
fbem-14773	148	4	still	still	ADV
fbem-14773	148	5	robust	robust	ADJ
fbem-14773	148	6	.	.	PUNCT
fbem-14773	149	1	4.3.4	4.3.4	X
fbem-14773	149	2	.	.	PUNCT
fbem-14773	149	3	eliminate	eliminate	VERB
fbem-14773	149	4	the	the	DET
fbem-14773	149	5	impact	impact	NOUN
fbem-14773	149	6	of	of	ADP
fbem-14773	149	7	extreme	extreme	ADJ
fbem-14773	149	8	events	event	NOUN
fbem-14773	149	9	considering	consider	VERB
fbem-14773	149	10	the	the	DET
fbem-14773	149	11	adverse	adverse	ADJ
fbem-14773	149	12	impact	impact	NOUN
fbem-14773	149	13	of	of	ADP
fbem-14773	149	14	the	the	DET
fbem-14773	149	15	financial	financial	ADJ
fbem-14773	149	16	crisis	crisis	NOUN
fbem-14773	149	17	,	,	PUNCT
fbem-14773	149	18	the	the	DET
fbem-14773	149	19	observations	observation	NOUN
fbem-14773	149	20	from	from	ADP
fbem-14773	149	21	2008	2008	NUM
fbem-14773	149	22	to	to	ADP
fbem-14773	149	23	2009	2009	NUM
fbem-14773	149	24	are	be	AUX
fbem-14773	149	25	excluded	exclude	VERB
fbem-14773	149	26	,	,	PUNCT
fbem-14773	149	27	71	71	NUM
fbem-14773	149	28	listed	list	VERB
fbem-14773	149	29	company	company	NOUN
fbem-14773	149	30	samples	sample	NOUN
fbem-14773	149	31	are	be	AUX
fbem-14773	149	32	excluded	exclude	VERB
fbem-14773	149	33	,	,	PUNCT
fbem-14773	149	34	and	and	CCONJ
fbem-14773	149	35	7285	7285	NUM
fbem-14773	149	36	observations	observation	NOUN
fbem-14773	149	37	are	be	AUX
fbem-14773	149	38	retained	retain	VERB
fbem-14773	149	39	and	and	CCONJ
fbem-14773	149	40	tested	test	VERB
fbem-14773	149	41	for	for	ADP
fbem-14773	149	42	robustness	robustness	NOUN
fbem-14773	149	43	.	.	PUNCT
fbem-14773	150	1	the	the	DET
fbem-14773	150	2	regression	regression	NOUN
fbem-14773	150	3	result	result	NOUN
fbem-14773	150	4	is	be	AUX
fbem-14773	150	5	shown	show	VERB
fbem-14773	150	6	in	in	ADP
fbem-14773	150	7	column	column	NOUN
fbem-14773	150	8	(	(	PUNCT
fbem-14773	150	9	4	4	NUM
fbem-14773	150	10	)	)	PUNCT
fbem-14773	150	11	,	,	PUNCT
fbem-14773	150	12	and	and	CCONJ
fbem-14773	150	13	the	the	DET
fbem-14773	150	14	coefficient	coefficient	ADJ
fbem-14773	150	15	estimate	estimate	NOUN
fbem-14773	150	16	of	of	ADP
fbem-14773	150	17	customer	customer	NOUN
fbem-14773	150	18	concentration	concentration	NOUN
fbem-14773	150	19	is	be	AUX
fbem-14773	150	20	-0.0246	-0.0246	NOUN
fbem-14773	150	21	,	,	PUNCT
fbem-14773	150	22	which	which	PRON
fbem-14773	150	23	is	be	AUX
fbem-14773	150	24	significant	significant	ADJ
fbem-14773	150	25	at	at	ADP
fbem-14773	150	26	the	the	DET
fbem-14773	150	27	1	1	NUM
fbem-14773	150	28	%	%	NOUN
fbem-14773	150	29	level	level	NOUN
fbem-14773	150	30	,	,	PUNCT
fbem-14773	150	31	indicating	indicate	VERB
fbem-14773	150	32	that	that	SCONJ
fbem-14773	150	33	under	under	ADP
fbem-14773	150	34	the	the	DET
fbem-14773	150	35	stable	stable	ADJ
fbem-14773	150	36	condition	condition	NOUN
fbem-14773	150	37	of	of	ADP
fbem-14773	150	38	the	the	DET
fbem-14773	150	39	financial	financial	ADJ
fbem-14773	150	40	market	market	NOUN
fbem-14773	150	41	,	,	PUNCT
fbem-14773	150	42	customer	customer	NOUN
fbem-14773	150	43	concentration	concentration	NOUN
fbem-14773	150	44	still	still	ADV
fbem-14773	150	45	has	have	VERB
fbem-14773	150	46	a	a	DET
fbem-14773	150	47	significant	significant	ADJ
fbem-14773	150	48	inhibitory	inhibitory	ADJ
fbem-14773	150	49	effect	effect	NOUN
fbem-14773	150	50	on	on	ADP
fbem-14773	150	51	the	the	DET
fbem-14773	150	52	financial	financial	ADJ
fbem-14773	150	53	asset	asset	NOUN
fbem-14773	150	54	allocation	allocation	NOUN
fbem-14773	150	55	of	of	ADP
fbem-14773	150	56	enterprises	enterprise	NOUN
fbem-14773	150	57	.	.	PUNCT
fbem-14773	151	1	in	in	ADP
fbem-14773	151	2	the	the	DET
fbem-14773	151	3	above	above	ADJ
fbem-14773	151	4	four	four	NUM
fbem-14773	151	5	robustness	robustness	NOUN
fbem-14773	151	6	tests	test	NOUN
fbem-14773	151	7	,	,	PUNCT
fbem-14773	151	8	the	the	DET
fbem-14773	151	9	regression	regression	NOUN
fbem-14773	151	10	results	result	NOUN
fbem-14773	151	11	did	do	AUX
fbem-14773	151	12	not	not	PART
fbem-14773	151	13	change	change	VERB
fbem-14773	151	14	substantially	substantially	ADV
fbem-14773	151	15	,	,	PUNCT
fbem-14773	151	16	indicating	indicate	VERB
fbem-14773	151	17	that	that	SCONJ
fbem-14773	151	18	the	the	DET
fbem-14773	151	19	research	research	NOUN
fbem-14773	151	20	results	result	NOUN
fbem-14773	151	21	are	be	AUX
fbem-14773	151	22	robust	robust	ADJ
fbem-14773	151	23	.	.	PUNCT
fbem-14773	152	1	table	table	NOUN
fbem-14773	152	2	4	4	NUM
fbem-14773	152	3	.	.	PUNCT
fbem-14773	153	1	robustness	robustness	NOUN
fbem-14773	153	2	tests	test	NOUN
fbem-14773	153	3	results	result	NOUN
fbem-14773	153	4	(	(	PUNCT
fbem-14773	153	5	1	1	NUM
fbem-14773	153	6	)	)	PUNCT
fbem-14773	153	7	(	(	PUNCT
fbem-14773	153	8	2	2	NUM
fbem-14773	153	9	)	)	PUNCT
fbem-14773	153	10	(	(	PUNCT
fbem-14773	153	11	3	3	X
fbem-14773	153	12	)	)	PUNCT
fbem-14773	153	13	(	(	PUNCT
fbem-14773	153	14	4	4	X
fbem-14773	153	15	)	)	PUNCT
fbem-14773	153	16	wnofinass	wnofinass	NOUN
fbem-14773	153	17	wfinass	wfinass	NOUN
fbem-14773	153	18	psm	psm	PROPN
fbem-14773	153	19	wfinass	wfinass	PROPN
fbem-14773	153	20	cc3	cc3	PROPN
fbem-14773	153	21	-1.8938	-1.8938	PROPN
fbem-14773	153	22	*	*	PUNCT
fbem-14773	153	23	*	*	PUNCT
fbem-14773	153	24	*	*	PUNCT
fbem-14773	153	25	-0.0214	-0.0214	ADJ
fbem-14773	153	26	*	*	PUNCT
fbem-14773	153	27	*	*	PUNCT
fbem-14773	153	28	*	*	NOUN
fbem-14773	153	29	-0.0246	-0.0246	NOUN
fbem-14773	153	30	*	*	PUNCT
fbem-14773	153	31	*	*	PUNCT
fbem-14773	153	32	*	*	PUNCT
fbem-14773	153	33	(	(	PUNCT
fbem-14773	153	34	-5.9445	-5.9445	NOUN
fbem-14773	153	35	)	)	PUNCT
fbem-14773	153	36	(	(	PUNCT
fbem-14773	153	37	-2.9465	-2.9465	NOUN
fbem-14773	153	38	)	)	PUNCT
fbem-14773	153	39	(	(	PUNCT
fbem-14773	153	40	-4.4385	-4.4385	X
fbem-14773	153	41	)	)	PUNCT
fbem-14773	153	42	cc1	cc1	PROPN
fbem-14773	153	43	-0.0436	-0.0436	PROPN
fbem-14773	154	1	*	*	PUNCT
fbem-14773	154	2	*	*	PUNCT
fbem-14773	154	3	*	*	PUNCT
fbem-14773	154	4	(	(	PUNCT
fbem-14773	154	5	-3.5807	-3.5807	ADJ
fbem-14773	154	6	)	)	PUNCT
fbem-14773	154	7	wsizea	wsizea	NOUN
fbem-14773	154	8	0.7136	0.7136	NUM
fbem-14773	154	9	*	*	PUNCT
fbem-14773	155	1	*	*	PUNCT
fbem-14773	155	2	*	*	PUNCT
fbem-14773	155	3	0.0077	0.0077	NUM
fbem-14773	155	4	*	*	PUNCT
fbem-14773	155	5	*	*	PUNCT
fbem-14773	155	6	*	*	PUNCT
fbem-14773	155	7	-0.0005	-0.0005	X
fbem-14773	156	1	0.0073	0.0073	NUM
fbem-14773	156	2	*	*	PUNCT
fbem-14773	156	3	*	*	PUNCT
fbem-14773	156	4	*	*	PUNCT
fbem-14773	156	5	(	(	PUNCT
fbem-14773	156	6	8.4152	8.4152	NUM
fbem-14773	156	7	)	)	PUNCT
fbem-14773	156	8	(	(	PUNCT
fbem-14773	156	9	6.2934	6.2934	NUM
fbem-14773	156	10	)	)	PUNCT
fbem-14773	156	11	(	(	PUNCT
fbem-14773	156	12	-0.3518	-0.3518	PROPN
fbem-14773	156	13	)	)	PUNCT
fbem-14773	156	14	(	(	PUNCT
fbem-14773	156	15	5.8694	5.8694	NUM
fbem-14773	156	16	)	)	PUNCT
fbem-14773	156	17	wlev	wlev	NOUN
fbem-14773	156	18	-1.1213	-1.1213	NOUN
fbem-14773	156	19	*	*	PROPN
fbem-14773	156	20	*	*	PUNCT
fbem-14773	156	21	-0.1359	-0.1359	X
fbem-14773	156	22	*	*	PUNCT
fbem-14773	156	23	*	*	PUNCT
fbem-14773	156	24	*	*	NOUN
fbem-14773	156	25	-0.0705	-0.0705	NOUN
fbem-14773	156	26	*	*	PUNCT
fbem-14773	156	27	*	*	PUNCT
fbem-14773	156	28	*	*	PUNCT
fbem-14773	156	29	-0.1372	-0.1372	PROPN
fbem-14773	156	30	*	*	PUNCT
fbem-14773	156	31	*	*	PUNCT
fbem-14773	156	32	*	*	PUNCT
fbem-14773	156	33	(	(	PUNCT
fbem-14773	156	34	-2.4142	-2.4142	ADJ
fbem-14773	156	35	)	)	PUNCT
fbem-14773	156	36	(	(	PUNCT
fbem-14773	156	37	-19.1036	-19.1036	NOUN
fbem-14773	156	38	)	)	PUNCT
fbem-14773	156	39	(	(	PUNCT
fbem-14773	156	40	-7.3999	-7.3999	NOUN
fbem-14773	156	41	)	)	PUNCT
fbem-14773	156	42	(	(	PUNCT
fbem-14773	156	43	-19.1256	-19.1256	X
fbem-14773	156	44	)	)	PUNCT
fbem-14773	156	45	wcapint	wcapint	NOUN
fbem-14773	156	46	-3.0011	-3.0011	NOUN
fbem-14773	156	47	*	*	PUNCT
fbem-14773	156	48	*	*	PUNCT
fbem-14773	156	49	*	*	PUNCT
fbem-14773	156	50	-0.1750	-0.1750	NOUN
fbem-14773	156	51	*	*	PUNCT
fbem-14773	156	52	*	*	PUNCT
fbem-14773	156	53	*	*	NOUN
fbem-14773	156	54	-0.1269	-0.1269	X
fbem-14773	156	55	*	*	PUNCT
fbem-14773	156	56	*	*	PUNCT
fbem-14773	156	57	*	*	PUNCT
fbem-14773	156	58	-0.1761	-0.1761	X
fbem-14773	156	59	*	*	PUNCT
fbem-14773	156	60	*	*	PUNCT
fbem-14773	156	61	*	*	PUNCT
fbem-14773	156	62	(	(	PUNCT
fbem-14773	156	63	-5.9701	-5.9701	INTJ
fbem-14773	156	64	)	)	PUNCT
fbem-14773	156	65	(	(	PUNCT
fbem-14773	156	66	-20.3839	-20.3839	NUM
fbem-14773	156	67	)	)	PUNCT
fbem-14773	156	68	(	(	PUNCT
fbem-14773	156	69	-11.2127	-11.2127	NUM
fbem-14773	156	70	)	)	PUNCT
fbem-14773	156	71	(	(	PUNCT
fbem-14773	156	72	-20.3111	-20.3111	NOUN
fbem-14773	156	73	)	)	PUNCT
fbem-14773	156	74	wroaa	wroaa	NOUN
fbem-14773	156	75	-2.6672	-2.6672	X
fbem-14773	156	76	-0.0631	-0.0631	PROPN
fbem-14773	156	77	*	*	PUNCT
fbem-14773	157	1	-0.0191	-0.0191	PROPN
fbem-14773	157	2	-0.0678	-0.0678	PUNCT
fbem-14773	158	1	*	*	PUNCT
fbem-14773	158	2	*	*	PUNCT
fbem-14773	158	3	(	(	PUNCT
fbem-14773	158	4	-1.2354	-1.2354	NOUN
fbem-14773	158	5	)	)	PUNCT
fbem-14773	158	6	(	(	PUNCT
fbem-14773	158	7	-1.9473	-1.9473	NOUN
fbem-14773	158	8	)	)	PUNCT
fbem-14773	158	9	(	(	PUNCT
fbem-14773	158	10	-0.4309	-0.4309	NOUN
fbem-14773	158	11	)	)	PUNCT
fbem-14773	158	12	(	(	PUNCT
fbem-14773	158	13	-2.0744	-2.0744	X
fbem-14773	158	14	)	)	PUNCT
fbem-14773	158	15	wgrowrat	wgrowrat	NOUN
fbem-14773	158	16	-0.0968	-0.0968	NOUN
fbem-14773	158	17	*	*	X
fbem-14773	158	18	-0.0026	-0.0026	PUNCT
fbem-14773	159	1	*	*	PUNCT
fbem-14773	159	2	*	*	PUNCT
fbem-14773	159	3	*	*	NOUN
fbem-14773	159	4	-0.0000	-0.0000	NOUN
fbem-14773	159	5	-0.0026	-0.0026	PUNCT
fbem-14773	160	1	*	*	PUNCT
fbem-14773	160	2	*	*	PUNCT
fbem-14773	160	3	*	*	PUNCT
fbem-14773	160	4	(	(	PUNCT
fbem-14773	160	5	-1.8797	-1.8797	NOUN
fbem-14773	160	6	)	)	PUNCT
fbem-14773	160	7	(	(	PUNCT
fbem-14773	160	8	-2.8886	-2.8886	NOUN
fbem-14773	160	9	)	)	PUNCT
fbem-14773	160	10	(	(	PUNCT
fbem-14773	160	11	-0.0245	-0.0245	X
fbem-14773	160	12	)	)	PUNCT
fbem-14773	160	13	(	(	PUNCT
fbem-14773	160	14	-2.8317	-2.8317	NOUN
fbem-14773	160	15	)	)	PUNCT
fbem-14773	160	16	wcf	wcf	NOUN
fbem-14773	160	17	1.1680	1.1680	NUM
fbem-14773	160	18	0.0857	0.0857	NUM
fbem-14773	160	19	*	*	PUNCT
fbem-14773	161	1	*	*	PUNCT
fbem-14773	161	2	*	*	PUNCT
fbem-14773	161	3	0.0571	0.0571	NUM
fbem-14773	161	4	*	*	PUNCT
fbem-14773	161	5	*	*	PUNCT
fbem-14773	161	6	0.0847	0.0847	PUNCT
fbem-14773	161	7	*	*	PUNCT
fbem-14773	161	8	*	*	PUNCT
fbem-14773	161	9	*	*	PUNCT
fbem-14773	161	10	(	(	PUNCT
fbem-14773	161	11	1.0002	1.0002	NUM
fbem-14773	161	12	)	)	PUNCT
fbem-14773	161	13	(	(	PUNCT
fbem-14773	161	14	4.6804	4.6804	NUM
fbem-14773	161	15	)	)	PUNCT
fbem-14773	161	16	(	(	PUNCT
fbem-14773	161	17	2.3431	2.3431	NUM
fbem-14773	161	18	)	)	PUNCT
fbem-14773	161	19	(	(	PUNCT
fbem-14773	161	20	4.5793	4.5793	NUM
fbem-14773	161	21	)	)	PUNCT
fbem-14773	161	22	wbdsize	wbdsize	VERB
fbem-14773	161	23	-0.4734	-0.4734	PUNCT
fbem-14773	161	24	-0.0168	-0.0168	NOUN
fbem-14773	161	25	*	*	PUNCT
fbem-14773	161	26	*	*	PUNCT
fbem-14773	161	27	-0.0179	-0.0179	NOUN
fbem-14773	161	28	*	*	PUNCT
fbem-14773	161	29	*	*	PUNCT
fbem-14773	161	30	*	*	PUNCT
fbem-14773	161	31	(	(	PUNCT
fbem-14773	161	32	-1.2795	-1.2795	ADJ
fbem-14773	161	33	)	)	PUNCT
fbem-14773	161	34	(	(	PUNCT
fbem-14773	161	35	-2.5116	-2.5116	NOUN
fbem-14773	161	36	)	)	PUNCT
fbem-14773	161	37	(	(	PUNCT
fbem-14773	161	38	-2.6385	-2.6385	PUNCT
fbem-14773	161	39	)	)	PUNCT
fbem-14773	161	40	windsize	windsize	NOUN
fbem-14773	161	41	0.3465	0.3465	NUM
fbem-14773	161	42	-0.0028	-0.0028	NOUN
fbem-14773	161	43	-0.0066	-0.0066	NOUN
fbem-14773	161	44	(	(	PUNCT
fbem-14773	161	45	0.2254	0.2254	NUM
fbem-14773	161	46	)	)	PUNCT
fbem-14773	161	47	(	(	PUNCT
fbem-14773	161	48	-0.1232	-0.1232	PROPN
fbem-14773	161	49	)	)	PUNCT
fbem-14773	161	50	(	(	PUNCT
fbem-14773	161	51	-0.2848	-0.2848	INTJ
fbem-14773	161	52	)	)	PUNCT
fbem-14773	161	53	same	same	ADJ
fbem-14773	161	54	0.3527	0.3527	NUM
fbem-14773	161	55	0.0054	0.0054	NUM
fbem-14773	161	56	*	*	PROPN
fbem-14773	161	57	*	*	PUNCT
fbem-14773	161	58	0.0054	0.0054	NUM
fbem-14773	161	59	*	*	PUNCT
fbem-14773	161	60	*	*	PUNCT
fbem-14773	161	61	(	(	PUNCT
fbem-14773	161	62	1.4073	1.4073	NUM
fbem-14773	161	63	)	)	PUNCT
fbem-14773	161	64	(	(	PUNCT
fbem-14773	161	65	2.1987	2.1987	NUM
fbem-14773	161	66	)	)	PUNCT
fbem-14773	161	67	(	(	PUNCT
fbem-14773	161	68	2.1619	2.1619	NUM
fbem-14773	161	69	)	)	PUNCT
fbem-14773	161	70	cgpro	cgpro	NOUN
fbem-14773	161	71	-1.4730	-1.4730	X
fbem-14773	161	72	*	*	PUNCT
fbem-14773	161	73	*	*	PUNCT
fbem-14773	161	74	*	*	PUNCT
fbem-14773	161	75	-0.0002	-0.0002	NOUN
fbem-14773	161	76	-0.0001	-0.0001	NOUN
fbem-14773	161	77	(	(	PUNCT
fbem-14773	161	78	-2.8645	-2.8645	NOUN
fbem-14773	161	79	)	)	PUNCT
fbem-14773	161	80	(	(	PUNCT
fbem-14773	161	81	-0.0279	-0.0279	NOUN
fbem-14773	161	82	)	)	PUNCT
fbem-14773	161	83	(	(	PUNCT
fbem-14773	161	84	-0.0147	-0.0147	NOUN
fbem-14773	161	85	)	)	PUNCT
fbem-14773	161	86	wgdpgr	wgdpgr	ADJ
fbem-14773	161	87	-5.0699	-5.0699	NOUN
fbem-14773	162	1	*	*	PUNCT
fbem-14773	162	2	*	*	PUNCT
fbem-14773	162	3	*	*	PUNCT
fbem-14773	162	4	0.0280	0.0280	NUM
fbem-14773	162	5	0.0284	0.0284	NUM
fbem-14773	162	6	(	(	PUNCT
fbem-14773	162	7	-2.9464	-2.9464	PROPN
fbem-14773	162	8	)	)	PUNCT
fbem-14773	162	9	(	(	PUNCT
fbem-14773	162	10	0.8483	0.8483	NUM
fbem-14773	162	11	)	)	PUNCT
fbem-14773	162	12	(	(	PUNCT
fbem-14773	162	13	0.8518	0.8518	NUM
fbem-14773	162	14	)	)	PUNCT
fbem-14773	162	15	big4	big4	NOUN
fbem-14773	162	16	-0.2585	-0.2585	NOUN
fbem-14773	162	17	-0.0128	-0.0128	NOUN
fbem-14773	163	1	*	*	PUNCT
fbem-14773	163	2	*	*	PUNCT
fbem-14773	163	3	*	*	PUNCT
fbem-14773	163	4	-0.0127	-0.0127	NOUN
fbem-14773	163	5	*	*	PUNCT
fbem-14773	163	6	*	*	PUNCT
fbem-14773	163	7	(	(	PUNCT
fbem-14773	163	8	-0.8821	-0.8821	NOUN
fbem-14773	163	9	)	)	PUNCT
fbem-14773	163	10	(	(	PUNCT
fbem-14773	163	11	-2.5949	-2.5949	NOUN
fbem-14773	163	12	)	)	PUNCT
fbem-14773	163	13	(	(	PUNCT
fbem-14773	163	14	-2.5515	-2.5515	NOUN
fbem-14773	163	15	)	)	PUNCT
fbem-14773	163	16	cc2	cc2	NOUN
fbem-14773	163	17	_	_	PROPN
fbem-14773	163	18	cons	con	NOUN
fbem-14773	163	19	-9.6070	-9.6070	NOUN
fbem-14773	163	20	*	*	PUNCT
fbem-14773	163	21	*	*	PUNCT
fbem-14773	163	22	*	*	PUNCT
fbem-14773	164	1	0.0545	0.0545	NUM
fbem-14773	164	2	0.1458	0.1458	NUM
fbem-14773	164	3	*	*	PUNCT
fbem-14773	164	4	*	*	PUNCT
fbem-14773	164	5	0.0518	0.0518	NUM
fbem-14773	164	6	*	*	SYM
fbem-14773	164	7	(	(	PUNCT
fbem-14773	164	8	-4.5124	-4.5124	NOUN
fbem-14773	164	9	)	)	PUNCT
fbem-14773	164	10	(	(	PUNCT
fbem-14773	164	11	1.2101	1.2101	NUM
fbem-14773	164	12	)	)	PUNCT
fbem-14773	164	13	(	(	PUNCT
fbem-14773	164	14	2.1560	2.1560	NUM
fbem-14773	164	15	)	)	PUNCT
fbem-14773	164	16	(	(	PUNCT
fbem-14773	164	17	1.6737	1.6737	NUM
fbem-14773	164	18	)	)	PUNCT
fbem-14773	164	19	n	n	CCONJ
fbem-14773	164	20	2810	2810	NUM
fbem-14773	164	21	7356	7356	NUM
fbem-14773	164	22	3840	3840	NUM
fbem-14773	164	23	7285	7285	NUM
fbem-14773	164	24	adj	adj	PROPN
fbem-14773	164	25	.	.	PROPN
fbem-14773	164	26	r2	r2	PROPN
fbem-14773	164	27	0.218	0.218	NUM
fbem-14773	164	28	0.147	0.147	NUM
fbem-14773	164	29	0.219	0.219	NUM
fbem-14773	164	30	4.4	4.4	NUM
fbem-14773	164	31	.	.	PUNCT
fbem-14773	165	1	endogeneity	endogeneity	NOUN
fbem-14773	165	2	test	test	NOUN
fbem-14773	165	3	there	there	PRON
fbem-14773	165	4	may	may	AUX
fbem-14773	165	5	be	be	AUX
fbem-14773	165	6	a	a	DET
fbem-14773	165	7	two	two	NUM
fbem-14773	165	8	-	-	PUNCT
fbem-14773	165	9	way	way	NOUN
fbem-14773	165	10	causal	causal	ADJ
fbem-14773	165	11	endogeneity	endogeneity	NOUN
fbem-14773	165	12	problem	problem	NOUN
fbem-14773	165	13	between	between	ADP
fbem-14773	165	14	customer	customer	NOUN
fbem-14773	165	15	concentration	concentration	NOUN
fbem-14773	165	16	and	and	CCONJ
fbem-14773	165	17	enterprise	enterprise	NOUN
fbem-14773	165	18	financial	financial	ADJ
fbem-14773	165	19	asset	asset	NOUN
fbem-14773	165	20	allocation	allocation	NOUN
fbem-14773	165	21	.	.	PUNCT
fbem-14773	166	1	that	that	PRON
fbem-14773	166	2	is	is	ADV
fbem-14773	166	3	,	,	PUNCT
fbem-14773	166	4	it	it	PRON
fbem-14773	166	5	is	be	AUX
fbem-14773	166	6	not	not	PART
fbem-14773	166	7	clear	clear	ADJ
fbem-14773	166	8	whether	whether	SCONJ
fbem-14773	166	9	the	the	DET
fbem-14773	166	10	low	low	ADJ
fbem-14773	166	11	financial	financial	ADJ
fbem-14773	166	12	configuration	configuration	NOUN
fbem-14773	166	13	of	of	ADP
fbem-14773	166	14	enterprises	enterprise	NOUN
fbem-14773	166	15	leads	lead	VERB
fbem-14773	166	16	to	to	ADP
fbem-14773	166	17	excessive	excessive	ADJ
fbem-14773	166	18	dependence	dependence	NOUN
fbem-14773	166	19	on	on	ADP
fbem-14773	166	20	major	major	ADJ
fbem-14773	166	21	customers	customer	NOUN
fbem-14773	166	22	;	;	PUNCT
fbem-14773	166	23	or	or	CCONJ
fbem-14773	166	24	whether	whether	SCONJ
fbem-14773	166	25	the	the	DET
fbem-14773	166	26	high	high	ADJ
fbem-14773	166	27	customer	customer	NOUN
fbem-14773	166	28	concentration	concentration	NOUN
fbem-14773	166	29	restricts	restrict	VERB
fbem-14773	166	30	the	the	DET
fbem-14773	166	31	financial	financial	ADJ
fbem-14773	166	32	asset	asset	NOUN
fbem-14773	166	33	allocation	allocation	NOUN
fbem-14773	166	34	of	of	ADP
fbem-14773	166	35	enterprises	enterprise	NOUN
fbem-14773	166	36	.	.	PUNCT
fbem-14773	167	1	to	to	PART
fbem-14773	167	2	eliminate	eliminate	VERB
fbem-14773	167	3	the	the	DET
fbem-14773	167	4	possible	possible	ADJ
fbem-14773	167	5	endogeneity	endogeneity	NOUN
fbem-14773	167	6	problem	problem	NOUN
fbem-14773	167	7	,	,	PUNCT
fbem-14773	167	8	this	this	DET
fbem-14773	167	9	paper	paper	NOUN
fbem-14773	167	10	uses	use	VERB
fbem-14773	167	11	a	a	DET
fbem-14773	167	12	two	two	NUM
fbem-14773	167	13	-	-	PUNCT
fbem-14773	167	14	stage	stage	NOUN
fbem-14773	167	15	instrumental	instrumental	ADJ
fbem-14773	167	16	variable	variable	NOUN
fbem-14773	167	17	to	to	PART
fbem-14773	167	18	solve	solve	VERB
fbem-14773	167	19	it	it	PRON
fbem-14773	167	20	.	.	PUNCT
fbem-14773	168	1	following	follow	VERB
fbem-14773	168	2	the	the	DET
fbem-14773	168	3	practice	practice	NOUN
fbem-14773	168	4	of	of	ADP
fbem-14773	168	5	dhaliwal	dhaliwal	PROPN
fbem-14773	168	6	et	et	PROPN
fbem-14773	168	7	.	.	PUNCT
fbem-14773	169	1	al	al	PROPN
fbem-14773	169	2	(	(	PUNCT
fbem-14773	169	3	2016	2016	NUM
fbem-14773	169	4	)	)	PUNCT
fbem-14773	169	5	,	,	PUNCT
fbem-14773	169	6	the	the	DET
fbem-14773	169	7	lagged	lag	VERB
fbem-14773	169	8	two	two	NUM
fbem-14773	169	9	-	-	PUNCT
fbem-14773	169	10	period	period	NOUN
fbem-14773	169	11	customer	customer	NOUN
fbem-14773	169	12	concentration	concentration	NOUN
fbem-14773	169	13	is	be	AUX
fbem-14773	169	14	chosen	choose	VERB
fbem-14773	169	15	as	as	ADP
fbem-14773	169	16	the	the	DET
fbem-14773	169	17	instrumental	instrumental	ADJ
fbem-14773	169	18	variable	variable	NOUN
fbem-14773	169	19	.	.	PUNCT
fbem-14773	170	1	the	the	DET
fbem-14773	170	2	regression	regression	NOUN
fbem-14773	170	3	result	result	NOUN
fbem-14773	170	4	shows	show	VERB
fbem-14773	170	5	that	that	SCONJ
fbem-14773	170	6	the	the	DET
fbem-14773	170	7	coefficient	coefficient	NOUN
fbem-14773	170	8	of	of	ADP
fbem-14773	170	9	the	the	DET
fbem-14773	170	10	instrumental	instrumental	ADJ
fbem-14773	170	11	variable	variable	NOUN
fbem-14773	170	12	is	be	AUX
fbem-14773	170	13	0.836	0.836	NUM
fbem-14773	170	14	,	,	PUNCT
fbem-14773	170	15	and	and	CCONJ
fbem-14773	170	16	is	be	AUX
fbem-14773	170	17	significant	significant	ADJ
fbem-14773	170	18	at	at	ADP
fbem-14773	170	19	the	the	DET
fbem-14773	170	20	1	1	NUM
fbem-14773	170	21	%	%	NOUN
fbem-14773	170	22	level	level	NOUN
fbem-14773	170	23	,	,	PUNCT
fbem-14773	170	24	indicating	indicate	VERB
fbem-14773	170	25	that	that	SCONJ
fbem-14773	170	26	the	the	DET
fbem-14773	170	27	instrumental	instrumental	ADJ
fbem-14773	170	28	variable	variable	NOUN
fbem-14773	170	29	is	be	AUX
fbem-14773	170	30	valid	valid	ADJ
fbem-14773	170	31	.	.	PUNCT
fbem-14773	171	1	due	due	ADP
fbem-14773	171	2	to	to	ADP
fbem-14773	171	3	the	the	DET
fbem-14773	171	4	non	non	ADJ
fbem-14773	171	5	-	-	ADJ
fbem-14773	171	6	mandatory	mandatory	ADJ
fbem-14773	171	7	disclosure	disclosure	NOUN
fbem-14773	171	8	of	of	ADP
fbem-14773	171	9	customer	customer	NOUN
fbem-14773	171	10	information	information	NOUN
fbem-14773	171	11	by	by	ADP
fbem-14773	171	12	enterprises	enterprise	NOUN
fbem-14773	171	13	,	,	PUNCT
fbem-14773	171	14	the	the	DET
fbem-14773	171	15	selection	selection	NOUN
fbem-14773	171	16	of	of	ADP
fbem-14773	171	17	this	this	DET
fbem-14773	171	18	data	datum	NOUN
fbem-14773	171	19	may	may	AUX
fbem-14773	171	20	lead	lead	VERB
fbem-14773	171	21	to	to	ADP
fbem-14773	171	22	the	the	DET
fbem-14773	171	23	existence	existence	NOUN
fbem-14773	171	24	of	of	ADP
fbem-14773	171	25	sample	sample	NOUN
fbem-14773	171	26	selection	selection	NOUN
fbem-14773	171	27	bias	bias	NOUN
fbem-14773	171	28	.	.	PUNCT
fbem-14773	172	1	therefore	therefore	ADV
fbem-14773	172	2	,	,	PUNCT
fbem-14773	172	3	this	this	DET
fbem-14773	172	4	paper	paper	NOUN
fbem-14773	172	5	chooses	choose	VERB
fbem-14773	172	6	to	to	PART
fbem-14773	172	7	use	use	VERB
fbem-14773	172	8	the	the	DET
fbem-14773	172	9	heckman	heckman	PROPN
fbem-14773	172	10	two	two	NUM
fbem-14773	172	11	-	-	PUNCT
fbem-14773	172	12	stage	stage	NOUN
fbem-14773	172	13	method	method	NOUN
fbem-14773	172	14	to	to	PART
fbem-14773	172	15	solve	solve	VERB
fbem-14773	172	16	this	this	DET
fbem-14773	172	17	problem	problem	NOUN
fbem-14773	172	18	,	,	PUNCT
fbem-14773	172	19	and	and	CCONJ
fbem-14773	172	20	the	the	DET
fbem-14773	172	21	instrumental	instrumental	ADJ
fbem-14773	172	22	variable	variable	NOUN
fbem-14773	172	23	is	be	AUX
fbem-14773	172	24	the	the	DET
fbem-14773	172	25	lagged	lag	VERB
fbem-14773	172	26	twoperiod	twoperiod	NOUN
fbem-14773	172	27	customer	customer	NOUN
fbem-14773	172	28	concentration	concentration	NOUN
fbem-14773	172	29	.	.	PUNCT
fbem-14773	173	1	the	the	DET
fbem-14773	173	2	regression	regression	NOUN
fbem-14773	173	3	results	result	NOUN
fbem-14773	173	4	are	be	AUX
fbem-14773	173	5	shown	show	VERB
fbem-14773	173	6	in	in	ADP
fbem-14773	173	7	columns	column	NOUN
fbem-14773	173	8	(	(	PUNCT
fbem-14773	173	9	3	3	NUM
fbem-14773	173	10	)	)	PUNCT
fbem-14773	173	11	and	and	CCONJ
fbem-14773	173	12	(	(	PUNCT
fbem-14773	173	13	4	4	NUM
fbem-14773	173	14	)	)	PUNCT
fbem-14773	173	15	,	,	PUNCT
fbem-14773	173	16	and	and	CCONJ
fbem-14773	173	17	the	the	DET
fbem-14773	173	18	customer	customer	NOUN
fbem-14773	173	19	concentration	concentration	NOUN
fbem-14773	173	20	has	have	VERB
fbem-14773	173	21	a	a	DET
fbem-14773	173	22	significant	significant	ADJ
fbem-14773	173	23	inhibitory	inhibitory	ADJ
fbem-14773	173	24	effect	effect	NOUN
fbem-14773	173	25	on	on	ADP
fbem-14773	173	26	the	the	DET
fbem-14773	173	27	enterprise	enterprise	NOUN
fbem-14773	173	28	financial	financial	ADJ
fbem-14773	173	29	asset	asset	NOUN
fbem-14773	173	30	allocation	allocation	NOUN
fbem-14773	173	31	at	at	ADP
fbem-14773	173	32	the	the	DET
fbem-14773	173	33	1	1	NUM
fbem-14773	173	34	%	%	NOUN
fbem-14773	173	35	level	level	NOUN
fbem-14773	173	36	.	.	PUNCT
fbem-14773	174	1	the	the	DET
fbem-14773	174	2	regression	regression	NOUN
fbem-14773	174	3	results	result	NOUN
fbem-14773	174	4	are	be	AUX
fbem-14773	174	5	consistent	consistent	ADJ
fbem-14773	174	6	with	with	ADP
fbem-14773	174	7	the	the	DET
fbem-14773	174	8	previous	previous	ADJ
fbem-14773	174	9	ones	one	NOUN
fbem-14773	174	10	,	,	PUNCT
fbem-14773	174	11	and	and	CCONJ
fbem-14773	174	12	further	far	ADV
fbem-14773	174	13	confirm	confirm	VERB
fbem-14773	174	14	the	the	DET
fbem-14773	174	15	validity	validity	NOUN
fbem-14773	174	16	of	of	ADP
fbem-14773	174	17	h1	h1	PROPN
fbem-14773	174	18	.	.	PUNCT
fbem-14773	175	1	130	130	NUM
fbem-14773	175	2	table	table	NOUN
fbem-14773	175	3	5	5	NUM
fbem-14773	175	4	.	.	PUNCT
fbem-14773	175	5	endogeneity	endogeneity	NOUN
fbem-14773	175	6	tests	test	NOUN
fbem-14773	175	7	results	result	NOUN
fbem-14773	175	8	(	(	PUNCT
fbem-14773	175	9	1	1	NUM
fbem-14773	175	10	)	)	PUNCT
fbem-14773	175	11	(	(	PUNCT
fbem-14773	175	12	2	2	NUM
fbem-14773	175	13	)	)	PUNCT
fbem-14773	175	14	(	(	PUNCT
fbem-14773	175	15	3	3	X
fbem-14773	175	16	)	)	PUNCT
fbem-14773	175	17	(	(	PUNCT
fbem-14773	175	18	4	4	X
fbem-14773	175	19	)	)	PUNCT
fbem-14773	175	20	first	first	ADJ
fbem-14773	175	21	second	second	ADJ
fbem-14773	175	22	first	first	ADJ
fbem-14773	175	23	second	second	ADJ
fbem-14773	175	24	variables	variable	NOUN
fbem-14773	175	25	cc3	cc3	PROPN
fbem-14773	175	26	wfinass	wfinass	PROPN
fbem-14773	175	27	cc3	cc3	PROPN
fbem-14773	175	28	-0.018	-0.018	PUNCT
fbem-14773	175	29	*	*	PUNCT
fbem-14773	175	30	*	*	PUNCT
fbem-14773	175	31	(	(	PUNCT
fbem-14773	175	32	-1.960	-1.960	NUM
fbem-14773	175	33	)	)	PUNCT
fbem-14773	175	34	ifcc3	ifcc3	NOUN
fbem-14773	176	1	0.0039	0.0039	NUM
fbem-14773	176	2	(	(	PUNCT
fbem-14773	176	3	0.0997	0.0997	NUM
fbem-14773	176	4	)	)	PUNCT
fbem-14773	176	5	wsizea	wsizea	NOUN
fbem-14773	176	6	-0.007	-0.007	PUNCT
fbem-14773	176	7	*	*	PUNCT
fbem-14773	176	8	*	*	PUNCT
fbem-14773	176	9	*	*	PUNCT
fbem-14773	176	10	0.1329	0.1329	NUM
fbem-14773	176	11	*	*	PUNCT
fbem-14773	176	12	*	*	PUNCT
fbem-14773	176	13	*	*	PUNCT
fbem-14773	176	14	0.0783	0.0783	NUM
fbem-14773	176	15	*	*	PUNCT
fbem-14773	176	16	*	*	PUNCT
fbem-14773	176	17	*	*	PUNCT
fbem-14773	176	18	(	(	PUNCT
fbem-14773	176	19	-3.058	-3.058	ADJ
fbem-14773	176	20	)	)	PUNCT
fbem-14773	176	21	(	(	PUNCT
fbem-14773	176	22	8.0519	8.0519	NUM
fbem-14773	176	23	)	)	PUNCT
fbem-14773	176	24	(	(	PUNCT
fbem-14773	176	25	6.7995	6.7995	NUM
fbem-14773	176	26	)	)	PUNCT
fbem-14773	176	27	wlev	wlev	NOUN
fbem-14773	176	28	0.004	0.004	NUM
fbem-14773	176	29	-0.121	-0.121	NOUN
fbem-14773	176	30	*	*	PUNCT
fbem-14773	176	31	*	*	PUNCT
fbem-14773	176	32	*	*	PUNCT
fbem-14773	176	33	-1.2366	-1.2366	NOUN
fbem-14773	176	34	*	*	PUNCT
fbem-14773	176	35	*	*	PUNCT
fbem-14773	176	36	*	*	PUNCT
fbem-14773	176	37	-0.8133	-0.8133	PUNCT
fbem-14773	176	38	*	*	PUNCT
fbem-14773	176	39	*	*	PUNCT
fbem-14773	176	40	*	*	PUNCT
fbem-14773	176	41	(	(	PUNCT
fbem-14773	176	42	0.324	0.324	NUM
fbem-14773	176	43	)	)	PUNCT
fbem-14773	176	44	(	(	PUNCT
fbem-14773	176	45	-11.961	-11.961	PROPN
fbem-14773	176	46	)	)	PUNCT
fbem-14773	176	47	(	(	PUNCT
fbem-14773	176	48	-12.5178	-12.5178	X
fbem-14773	176	49	)	)	PUNCT
fbem-14773	176	50	(	(	PUNCT
fbem-14773	176	51	-7.5802	-7.5802	NOUN
fbem-14773	176	52	)	)	PUNCT
fbem-14773	176	53	wcapint	wcapint	NOUN
fbem-14773	176	54	-0.005	-0.005	PUNCT
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fbem-14773	176	56	*	*	PUNCT
fbem-14773	176	57	*	*	PUNCT
fbem-14773	176	58	*	*	PUNCT
fbem-14773	176	59	-0.9504	-0.9504	VERB
fbem-14773	176	60	*	*	PUNCT
fbem-14773	176	61	*	*	PUNCT
fbem-14773	176	62	*	*	PUNCT
fbem-14773	176	63	-0.7362	-0.7362	PROPN
fbem-14773	176	64	*	*	PUNCT
fbem-14773	176	65	*	*	PUNCT
fbem-14773	176	66	*	*	PUNCT
fbem-14773	176	67	(	(	PUNCT
fbem-14773	176	68	-0.356	-0.356	NOUN
fbem-14773	176	69	)	)	PUNCT
fbem-14773	176	70	(	(	PUNCT
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fbem-14773	176	72	)	)	PUNCT
fbem-14773	176	73	(	(	PUNCT
fbem-14773	176	74	-9.7296	-9.7296	NOUN
fbem-14773	176	75	)	)	PUNCT
fbem-14773	176	76	(	(	PUNCT
fbem-14773	176	77	-8.7911	-8.7911	NOUN
fbem-14773	176	78	)	)	PUNCT
fbem-14773	176	79	wroaa	wroaa	NOUN
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fbem-14773	176	82	*	*	PUNCT
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fbem-14773	176	84	-0.0689	-0.0689	NOUN
fbem-14773	176	85	(	(	PUNCT
fbem-14773	176	86	1.152	1.152	NUM
fbem-14773	176	87	)	)	PUNCT
fbem-14773	176	88	(	(	PUNCT
fbem-14773	176	89	-1.953	-1.953	NUM
fbem-14773	176	90	)	)	PUNCT
fbem-14773	176	91	(	(	PUNCT
fbem-14773	176	92	-0.0849	-0.0849	PROPN
fbem-14773	176	93	)	)	PUNCT
fbem-14773	176	94	(	(	PUNCT
fbem-14773	176	95	-1.5643	-1.5643	NOUN
fbem-14773	176	96	)	)	PUNCT
fbem-14773	176	97	wgrowrat	wgrowrat	NOUN
fbem-14773	176	98	-0.002	-0.002	PUNCT
fbem-14773	176	99	-0.002	-0.002	PUNCT
fbem-14773	176	100	*	*	NOUN
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fbem-14773	176	102	*	*	PUNCT
fbem-14773	176	103	*	*	PUNCT
fbem-14773	176	104	*	*	PUNCT
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fbem-14773	176	106	*	*	PUNCT
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fbem-14773	176	109	(	(	PUNCT
fbem-14773	176	110	-1.094	-1.094	NOUN
fbem-14773	176	111	)	)	PUNCT
fbem-14773	176	112	(	(	PUNCT
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fbem-14773	176	114	)	)	PUNCT
fbem-14773	176	115	(	(	PUNCT
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fbem-14773	176	117	)	)	PUNCT
fbem-14773	176	118	(	(	PUNCT
fbem-14773	176	119	-5.5657	-5.5657	NOUN
fbem-14773	176	120	)	)	PUNCT
fbem-14773	176	121	wcf	wcf	PROPN
fbem-14773	176	122	-0.061	-0.061	PROPN
fbem-14773	176	123	*	*	NOUN
fbem-14773	176	124	0.096	0.096	NUM
fbem-14773	176	125	*	*	PUNCT
fbem-14773	176	126	*	*	PUNCT
fbem-14773	176	127	*	*	PUNCT
fbem-14773	176	128	(	(	PUNCT
fbem-14773	176	129	-1.892	-1.892	NOUN
fbem-14773	176	130	)	)	PUNCT
fbem-14773	176	131	(	(	PUNCT
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fbem-14773	176	133	)	)	PUNCT
fbem-14773	176	134	wbdsize	wbdsize	VERB
fbem-14773	176	135	0.001	0.001	NUM
fbem-14773	176	136	-0.024	-0.024	NUM
fbem-14773	176	137	*	*	PROPN
fbem-14773	176	138	*	*	NOUN
fbem-14773	176	139	-0.1221	-0.1221	NOUN
fbem-14773	176	140	-0.0970	-0.0970	PROPN
fbem-14773	177	1	*	*	PUNCT
fbem-14773	177	2	*	*	PUNCT
fbem-14773	177	3	*	*	PUNCT
fbem-14773	177	4	(	(	PUNCT
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fbem-14773	177	6	)	)	PUNCT
fbem-14773	177	7	(	(	PUNCT
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fbem-14773	177	9	)	)	PUNCT
fbem-14773	177	10	(	(	PUNCT
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fbem-14773	177	12	)	)	PUNCT
fbem-14773	177	13	(	(	PUNCT
fbem-14773	177	14	-6.6242	-6.6242	PROPN
fbem-14773	177	15	)	)	PUNCT
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fbem-14773	177	23	*	*	PUNCT
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fbem-14773	177	25	*	*	PUNCT
fbem-14773	177	26	(	(	PUNCT
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fbem-14773	177	28	)	)	PUNCT
fbem-14773	177	29	(	(	PUNCT
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fbem-14773	177	31	)	)	PUNCT
fbem-14773	177	32	(	(	PUNCT
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fbem-14773	177	34	)	)	PUNCT
fbem-14773	177	35	(	(	PUNCT
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fbem-14773	177	37	)	)	PUNCT
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fbem-14773	177	41	0.0053	0.0053	NUM
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fbem-14773	178	1	*	*	PUNCT
fbem-14773	178	2	*	*	PUNCT
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fbem-14773	178	6	)	)	PUNCT
fbem-14773	178	7	(	(	PUNCT
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fbem-14773	178	9	)	)	PUNCT
fbem-14773	178	10	(	(	PUNCT
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fbem-14773	178	12	)	)	PUNCT
fbem-14773	178	13	(	(	PUNCT
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fbem-14773	178	15	)	)	PUNCT
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fbem-14773	179	1	*	*	PUNCT
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fbem-14773	179	4	(	(	PUNCT
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fbem-14773	179	6	)	)	PUNCT
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fbem-14773	179	9	)	)	PUNCT
fbem-14773	179	10	(	(	PUNCT
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fbem-14773	179	12	)	)	PUNCT
fbem-14773	179	13	(	(	PUNCT
fbem-14773	179	14	-4.2686	-4.2686	NOUN
fbem-14773	179	15	)	)	PUNCT
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fbem-14773	179	21	*	*	PUNCT
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fbem-14773	179	23	*	*	PUNCT
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fbem-14773	180	7	)	)	PUNCT
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fbem-14773	180	10	)	)	PUNCT
fbem-14773	180	11	(	(	PUNCT
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fbem-14773	180	13	)	)	PUNCT
fbem-14773	180	14	(	(	PUNCT
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fbem-14773	180	16	)	)	PUNCT
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fbem-14773	180	29	)	)	PUNCT
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fbem-14773	180	32	)	)	PUNCT
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fbem-14773	180	38	(	(	PUNCT
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fbem-14773	180	40	)	)	PUNCT
fbem-14773	180	41	imr	imr	NOUN
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fbem-14773	180	56	*	*	PUNCT
fbem-14773	180	57	*	*	PUNCT
fbem-14773	180	58	-1.5890	-1.5890	ADJ
fbem-14773	180	59	*	*	PUNCT
fbem-14773	180	60	*	*	PUNCT
fbem-14773	180	61	*	*	PUNCT
fbem-14773	180	62	(	(	PUNCT
fbem-14773	180	63	2.369	2.369	NUM
fbem-14773	180	64	)	)	PUNCT
fbem-14773	180	65	(	(	PUNCT
fbem-14773	180	66	0.279	0.279	NUM
fbem-14773	180	67	)	)	PUNCT
fbem-14773	180	68	(	(	PUNCT
fbem-14773	180	69	-5.0674	-5.0674	NOUN
fbem-14773	180	70	)	)	PUNCT
fbem-14773	180	71	(	(	PUNCT
fbem-14773	180	72	-5.5396	-5.5396	NOUN
fbem-14773	180	73	)	)	PUNCT
fbem-14773	180	74	observations	observation	NOUN
fbem-14773	180	75	3,505	3,505	NUM
fbem-14773	180	76	3,505	3,505	NUM
fbem-14773	180	77	7356	7356	NUM
fbem-14773	180	78	3834	3834	NUM
fbem-14773	180	79	r	r	NOUN
fbem-14773	180	80	-	-	PUNCT
fbem-14773	180	81	squared	square	VERB
fbem-14773	180	82	0.744	0.744	NUM
fbem-14773	180	83	0.225	0.225	NUM
fbem-14773	180	84	adj	adj	X
fbem-14773	180	85	.	.	PUNCT
fbem-14773	181	1	r	r	X
fbem-14773	181	2	-	-	PUNCT
fbem-14773	181	3	squared	square	VERB
fbem-14773	181	4	0.268	0.268	NUM
fbem-14773	181	5	0.183	0.183	NUM
fbem-14773	181	6	z	z	NOUN
fbem-14773	181	7	-	-	PUNCT
fbem-14773	181	8	statistics	statistic	NOUN
fbem-14773	181	9	in	in	ADP
fbem-14773	181	10	parentheses	parenthesis	NOUN
fbem-14773	181	11	*	*	PUNCT
fbem-14773	181	12	*	*	PUNCT
fbem-14773	181	13	*	*	PUNCT
fbem-14773	181	14	p<0.01	p<0.01	PROPN
fbem-14773	181	15	,	,	PUNCT
fbem-14773	181	16	*	*	PUNCT
fbem-14773	181	17	*	*	PUNCT
fbem-14773	181	18	p<0.05	p<0.05	NOUN
fbem-14773	181	19	,	,	PUNCT
fbem-14773	181	20	*	*	PUNCT
fbem-14773	181	21	p<0.1	p<0.1	NUM
fbem-14773	181	22	4.5	4.5	NUM
fbem-14773	181	23	.	.	PUNCT
fbem-14773	182	1	mechanism	mechanism	NOUN
fbem-14773	182	2	analysis	analysis	NOUN
fbem-14773	182	3	4.5.1	4.5.1	NUM
fbem-14773	182	4	.	.	PUNCT
fbem-14773	183	1	surplus	surplus	NOUN
fbem-14773	183	2	management	management	NOUN
fbem-14773	183	3	-	-	PUNCT
fbem-14773	183	4	the	the	DET
fbem-14773	183	5	information	information	NOUN
fbem-14773	183	6	asymmetry	asymmetry	VERB
fbem-14773	183	7	the	the	DET
fbem-14773	183	8	above	above	ADJ
fbem-14773	183	9	research	research	NOUN
fbem-14773	183	10	shows	show	VERB
fbem-14773	183	11	that	that	SCONJ
fbem-14773	183	12	the	the	DET
fbem-14773	183	13	customer	customer	NOUN
fbem-14773	183	14	concentration	concentration	NOUN
fbem-14773	183	15	of	of	ADP
fbem-14773	183	16	enterprises	enterprise	NOUN
fbem-14773	183	17	has	have	VERB
fbem-14773	183	18	a	a	DET
fbem-14773	183	19	significant	significant	ADJ
fbem-14773	183	20	inhibitory	inhibitory	ADJ
fbem-14773	183	21	effect	effect	NOUN
fbem-14773	183	22	on	on	ADP
fbem-14773	183	23	their	their	PRON
fbem-14773	183	24	financial	financial	ADJ
fbem-14773	183	25	asset	asset	NOUN
fbem-14773	183	26	allocation	allocation	NOUN
fbem-14773	183	27	,	,	PUNCT
fbem-14773	183	28	which	which	PRON
fbem-14773	183	29	is	be	AUX
fbem-14773	183	30	basically	basically	ADV
fbem-14773	183	31	consistent	consistent	ADJ
fbem-14773	183	32	with	with	ADP
fbem-14773	183	33	the	the	DET
fbem-14773	183	34	conjecture	conjecture	NOUN
fbem-14773	183	35	of	of	ADP
fbem-14773	183	36	h1	h1	PROPN
fbem-14773	183	37	.	.	PUNCT
fbem-14773	184	1	based	base	VERB
fbem-14773	184	2	on	on	ADP
fbem-14773	184	3	the	the	DET
fbem-14773	184	4	previous	previous	ADJ
fbem-14773	184	5	research	research	NOUN
fbem-14773	184	6	results	result	NOUN
fbem-14773	184	7	,	,	PUNCT
fbem-14773	184	8	information	information	NOUN
fbem-14773	184	9	asymmetry	asymmetry	NOUN
fbem-14773	184	10	is	be	AUX
fbem-14773	184	11	added	add	VERB
fbem-14773	184	12	as	as	ADP
fbem-14773	184	13	a	a	DET
fbem-14773	184	14	moderating	moderate	VERB
fbem-14773	184	15	variable	variable	NOUN
fbem-14773	184	16	,	,	PUNCT
fbem-14773	184	17	and	and	CCONJ
fbem-14773	184	18	the	the	DET
fbem-14773	184	19	impact	impact	NOUN
fbem-14773	184	20	mechanism	mechanism	NOUN
fbem-14773	184	21	of	of	ADP
fbem-14773	184	22	customer	customer	NOUN
fbem-14773	184	23	concentration	concentration	NOUN
fbem-14773	184	24	on	on	ADP
fbem-14773	184	25	the	the	DET
fbem-14773	184	26	financial	financial	ADJ
fbem-14773	184	27	asset	asset	NOUN
fbem-14773	184	28	allocation	allocation	NOUN
fbem-14773	184	29	of	of	ADP
fbem-14773	184	30	enterprises	enterprise	NOUN
fbem-14773	184	31	under	under	ADP
fbem-14773	184	32	the	the	DET
fbem-14773	184	33	conditions	condition	NOUN
fbem-14773	184	34	of	of	ADP
fbem-14773	184	35	low	low	ADJ
fbem-14773	184	36	and	and	CCONJ
fbem-14773	184	37	high	high	ADJ
fbem-14773	184	38	information	information	NOUN
fbem-14773	184	39	asymmetry	asymmetry	NOUN
fbem-14773	184	40	is	be	AUX
fbem-14773	184	41	discussed	discuss	VERB
fbem-14773	184	42	respectively	respectively	ADV
fbem-14773	184	43	,	,	PUNCT
fbem-14773	184	44	and	and	CCONJ
fbem-14773	184	45	the	the	DET
fbem-14773	184	46	jones	jones	PROPN
fbem-14773	184	47	model	model	PROPN
fbem-14773	184	48	is	be	AUX
fbem-14773	184	49	used	use	VERB
fbem-14773	184	50	to	to	PART
fbem-14773	184	51	extend	extend	VERB
fbem-14773	184	52	the	the	DET
fbem-14773	184	53	results	result	NOUN
fbem-14773	184	54	.	.	PUNCT
fbem-14773	185	1	the	the	DET
fbem-14773	185	2	table	table	NOUN
fbem-14773	185	3	6	6	NUM
fbem-14773	185	4	shows	show	VERB
fbem-14773	185	5	the	the	DET
fbem-14773	185	6	moderating	moderate	VERB
fbem-14773	185	7	effect	effect	NOUN
fbem-14773	185	8	of	of	ADP
fbem-14773	185	9	information	information	NOUN
fbem-14773	185	10	asymmetry	asymmetry	NOUN
fbem-14773	185	11	on	on	ADP
fbem-14773	185	12	the	the	DET
fbem-14773	185	13	customer	customer	NOUN
fbem-14773	185	14	concentration	concentration	NOUN
fbem-14773	185	15	on	on	ADP
fbem-14773	185	16	the	the	DET
fbem-14773	185	17	financial	financial	ADJ
fbem-14773	185	18	asset	asset	NOUN
fbem-14773	185	19	allocation	allocation	NOUN
fbem-14773	185	20	of	of	ADP
fbem-14773	185	21	enterprises	enterprise	NOUN
fbem-14773	185	22	.	.	PUNCT
fbem-14773	186	1	according	accord	VERB
fbem-14773	186	2	to	to	ADP
fbem-14773	186	3	the	the	DET
fbem-14773	186	4	regression	regression	NOUN
fbem-14773	186	5	results	result	NOUN
fbem-14773	186	6	,	,	PUNCT
fbem-14773	186	7	when	when	SCONJ
fbem-14773	186	8	the	the	DET
fbem-14773	186	9	degree	degree	NOUN
fbem-14773	186	10	of	of	ADP
fbem-14773	186	11	information	information	NOUN
fbem-14773	186	12	asymmetry	asymmetry	NOUN
fbem-14773	186	13	is	be	AUX
fbem-14773	186	14	high	high	ADJ
fbem-14773	186	15	(	(	PUNCT
fbem-14773	186	16	column	column	NOUN
fbem-14773	186	17	(	(	PUNCT
fbem-14773	186	18	1	1	NUM
fbem-14773	186	19	)	)	PUNCT
fbem-14773	186	20	of	of	ADP
fbem-14773	186	21	the	the	DET
fbem-14773	186	22	table	table	NOUN
fbem-14773	186	23	6	6	NUM
fbem-14773	186	24	)	)	PUNCT
fbem-14773	186	25	,	,	PUNCT
fbem-14773	186	26	the	the	DET
fbem-14773	186	27	regression	regression	NOUN
fbem-14773	186	28	coefficients	coefficient	NOUN
fbem-14773	186	29	of	of	ADP
fbem-14773	186	30	variables	variables	PROPN
fbem-14773	186	31	cc3	cc3	PROPN
fbem-14773	186	32	,	,	PUNCT
fbem-14773	186	33	wlev	wlev	NOUN
fbem-14773	186	34	,	,	PUNCT
fbem-14773	186	35	and	and	CCONJ
fbem-14773	186	36	wcapint	wcapint	NOUN
fbem-14773	186	37	are	be	AUX
fbem-14773	186	38	-0.0276	-0.0276	NOUN
fbem-14773	186	39	,	,	PUNCT
fbem-14773	186	40	-0.1260	-0.1260	NOUN
fbem-14773	186	41	,	,	PUNCT
fbem-14773	186	42	and	and	CCONJ
fbem-14773	186	43	0.1859	0.1859	NUM
fbem-14773	186	44	,	,	PUNCT
fbem-14773	186	45	respectively	respectively	ADV
fbem-14773	186	46	,	,	PUNCT
fbem-14773	186	47	and	and	CCONJ
fbem-14773	186	48	all	all	DET
fbem-14773	186	49	three	three	NUM
fbem-14773	186	50	variables	variable	NOUN
fbem-14773	186	51	pass	pass	VERB
fbem-14773	186	52	the	the	DET
fbem-14773	186	53	1	1	NUM
fbem-14773	186	54	%	%	NOUN
fbem-14773	186	55	significance	significance	NOUN
fbem-14773	186	56	level	level	NOUN
fbem-14773	186	57	test	test	NOUN
fbem-14773	186	58	.	.	PUNCT
fbem-14773	187	1	when	when	SCONJ
fbem-14773	187	2	the	the	DET
fbem-14773	187	3	degree	degree	NOUN
fbem-14773	187	4	of	of	ADP
fbem-14773	187	5	information	information	NOUN
fbem-14773	187	6	asymmetry	asymmetry	NOUN
fbem-14773	187	7	is	be	AUX
fbem-14773	187	8	low	low	ADJ
fbem-14773	187	9	(	(	PUNCT
fbem-14773	187	10	column	column	NOUN
fbem-14773	187	11	(	(	PUNCT
fbem-14773	187	12	2	2	NUM
fbem-14773	187	13	)	)	PUNCT
fbem-14773	187	14	of	of	ADP
fbem-14773	187	15	the	the	DET
fbem-14773	187	16	table	table	NOUN
fbem-14773	187	17	6	6	NUM
fbem-14773	187	18	)	)	PUNCT
fbem-14773	187	19	,	,	PUNCT
fbem-14773	187	20	the	the	DET
fbem-14773	187	21	absolute	absolute	ADJ
fbem-14773	187	22	values	value	NOUN
fbem-14773	187	23	of	of	ADP
fbem-14773	187	24	the	the	DET
fbem-14773	187	25	regression	regression	NOUN
fbem-14773	187	26	coefficients	coefficient	NOUN
fbem-14773	187	27	are	be	AUX
fbem-14773	187	28	smaller	small	ADJ
fbem-14773	187	29	than	than	ADP
fbem-14773	187	30	the	the	DET
fbem-14773	187	31	regression	regression	NOUN
fbem-14773	187	32	results	result	VERB
fbem-14773	187	33	when	when	SCONJ
fbem-14773	187	34	the	the	DET
fbem-14773	187	35	information	information	NOUN
fbem-14773	187	36	asymmetry	asymmetry	NOUN
fbem-14773	187	37	is	be	AUX
fbem-14773	187	38	high	high	ADJ
fbem-14773	187	39	,	,	PUNCT
fbem-14773	187	40	under	under	ADP
fbem-14773	187	41	the	the	DET
fbem-14773	187	42	condition	condition	NOUN
fbem-14773	187	43	of	of	ADP
fbem-14773	187	44	passing	pass	VERB
fbem-14773	187	45	the	the	DET
fbem-14773	187	46	1	1	NUM
fbem-14773	187	47	%	%	NOUN
fbem-14773	187	48	significance	significance	NOUN
fbem-14773	187	49	level	level	NOUN
fbem-14773	187	50	test	test	NOUN
fbem-14773	187	51	.	.	PUNCT
fbem-14773	188	1	the	the	DET
fbem-14773	188	2	above	above	ADJ
fbem-14773	188	3	results	result	NOUN
fbem-14773	188	4	indicate	indicate	VERB
fbem-14773	188	5	that	that	SCONJ
fbem-14773	188	6	financing	financing	NOUN
fbem-14773	188	7	constraints	constraint	NOUN
fbem-14773	188	8	have	have	VERB
fbem-14773	188	9	a	a	DET
fbem-14773	188	10	significant	significant	ADJ
fbem-14773	188	11	inhibitory	inhibitory	ADJ
fbem-14773	188	12	effect	effect	NOUN
fbem-14773	188	13	on	on	ADP
fbem-14773	188	14	the	the	DET
fbem-14773	188	15	customer	customer	NOUN
fbem-14773	188	16	concentration	concentration	NOUN
fbem-14773	188	17	on	on	ADP
fbem-14773	188	18	the	the	DET
fbem-14773	188	19	financial	financial	ADJ
fbem-14773	188	20	asset	asset	NOUN
fbem-14773	188	21	allocation	allocation	NOUN
fbem-14773	188	22	of	of	ADP
fbem-14773	188	23	enterprises	enterprise	NOUN
fbem-14773	188	24	.	.	PUNCT
fbem-14773	189	1	131	131	NUM
fbem-14773	189	2	table	table	NOUN
fbem-14773	189	3	6	6	NUM
fbem-14773	189	4	.	.	PUNCT
fbem-14773	189	5	surplus	surplus	NOUN
fbem-14773	189	6	management	management	NOUN
fbem-14773	189	7	results	result	NOUN
fbem-14773	189	8	(	(	PUNCT
fbem-14773	189	9	1	1	NUM
fbem-14773	189	10	)	)	PUNCT
fbem-14773	189	11	(	(	PUNCT
fbem-14773	189	12	2	2	X
fbem-14773	189	13	)	)	PUNCT
fbem-14773	189	14	high	high	ADJ
fbem-14773	189	15	low	low	PROPN
fbem-14773	189	16	cc3	cc3	PROPN
fbem-14773	189	17	-0.0276	-0.0276	PROPN
fbem-14773	189	18	*	*	PUNCT
fbem-14773	189	19	*	*	PUNCT
fbem-14773	189	20	*	*	PUNCT
fbem-14773	189	21	-0.0185	-0.0185	NOUN
fbem-14773	189	22	*	*	PUNCT
fbem-14773	189	23	*	*	PUNCT
fbem-14773	189	24	(	(	PUNCT
fbem-14773	189	25	-3.5043	-3.5043	NOUN
fbem-14773	189	26	)	)	PUNCT
fbem-14773	189	27	(	(	PUNCT
fbem-14773	189	28	-2.4695	-2.4695	X
fbem-14773	189	29	)	)	PUNCT
fbem-14773	189	30	wsizea	wsizea	NOUN
fbem-14773	189	31	0.0066	0.0066	NUM
fbem-14773	189	32	*	*	PUNCT
fbem-14773	189	33	*	*	PUNCT
fbem-14773	189	34	*	*	PUNCT
fbem-14773	190	1	0.0076	0.0076	NUM
fbem-14773	190	2	*	*	PUNCT
fbem-14773	190	3	*	*	PUNCT
fbem-14773	190	4	*	*	PUNCT
fbem-14773	190	5	(	(	PUNCT
fbem-14773	190	6	3.6788	3.6788	NUM
fbem-14773	190	7	)	)	PUNCT
fbem-14773	190	8	(	(	PUNCT
fbem-14773	190	9	4.4707	4.4707	NUM
fbem-14773	190	10	)	)	PUNCT
fbem-14773	190	11	wlev	wlev	NOUN
fbem-14773	190	12	-0.1260	-0.1260	NOUN
fbem-14773	190	13	*	*	PUNCT
fbem-14773	190	14	*	*	PUNCT
fbem-14773	190	15	*	*	PUNCT
fbem-14773	190	16	-0.1478	-0.1478	PRON
fbem-14773	190	17	*	*	PUNCT
fbem-14773	190	18	*	*	PUNCT
fbem-14773	190	19	*	*	PUNCT
fbem-14773	190	20	(	(	PUNCT
fbem-14773	190	21	-12.2625	-12.2625	NUM
fbem-14773	190	22	)	)	PUNCT
fbem-14773	190	23	(	(	PUNCT
fbem-14773	190	24	-12.9762	-12.9762	NUM
fbem-14773	190	25	)	)	PUNCT
fbem-14773	190	26	wcapint	wcapint	NOUN
fbem-14773	190	27	-0.1859	-0.1859	NOUN
fbem-14773	191	1	*	*	PUNCT
fbem-14773	191	2	*	*	PUNCT
fbem-14773	191	3	*	*	PUNCT
fbem-14773	191	4	-0.1668	-0.1668	NOUN
fbem-14773	191	5	*	*	PUNCT
fbem-14773	191	6	*	*	PUNCT
fbem-14773	191	7	*	*	PUNCT
fbem-14773	191	8	(	(	PUNCT
fbem-14773	191	9	-14.6308	-14.6308	INTJ
fbem-14773	191	10	)	)	PUNCT
fbem-14773	191	11	(	(	PUNCT
fbem-14773	191	12	-13.2695	-13.2695	X
fbem-14773	191	13	)	)	PUNCT
fbem-14773	191	14	wroaa	wroaa	NOUN
fbem-14773	191	15	-0.0609	-0.0609	PROPN
fbem-14773	191	16	-0.1118	-0.1118	PROPN
fbem-14773	191	17	(	(	PUNCT
fbem-14773	191	18	-1.4310	-1.4310	ADJ
fbem-14773	191	19	)	)	PUNCT
fbem-14773	191	20	(	(	PUNCT
fbem-14773	191	21	-1.5647	-1.5647	PROPN
fbem-14773	191	22	)	)	PUNCT
fbem-14773	191	23	wgrowrat	wgrowrat	PROPN
fbem-14773	191	24	-0.0023	-0.0023	PROPN
fbem-14773	191	25	*	*	PUNCT
fbem-14773	192	1	-0.0040	-0.0040	PROPN
fbem-14773	193	1	*	*	PUNCT
fbem-14773	194	1	*	*	PUNCT
fbem-14773	194	2	*	*	PUNCT
fbem-14773	194	3	(	(	PUNCT
fbem-14773	194	4	-1.8142	-1.8142	NOUN
fbem-14773	194	5	)	)	PUNCT
fbem-14773	194	6	(	(	PUNCT
fbem-14773	194	7	-2.7230	-2.7230	ADJ
fbem-14773	194	8	)	)	PUNCT
fbem-14773	194	9	wcf	wcf	NOUN
fbem-14773	194	10	0.0733	0.0733	NUM
fbem-14773	194	11	*	*	PUNCT
fbem-14773	194	12	*	*	PUNCT
fbem-14773	194	13	*	*	PUNCT
fbem-14773	194	14	0.1191	0.1191	NUM
fbem-14773	194	15	*	*	PUNCT
fbem-14773	194	16	*	*	PUNCT
fbem-14773	194	17	(	(	PUNCT
fbem-14773	194	18	3.5667	3.5667	NUM
fbem-14773	194	19	)	)	PUNCT
fbem-14773	194	20	(	(	PUNCT
fbem-14773	194	21	2.3648	2.3648	NUM
fbem-14773	194	22	)	)	PUNCT
fbem-14773	194	23	wbdsize	wbdsize	VERB
fbem-14773	194	24	-0.0041	-0.0041	NOUN
fbem-14773	194	25	-0.0268	-0.0268	NOUN
fbem-14773	195	1	*	*	PUNCT
fbem-14773	195	2	*	*	PUNCT
fbem-14773	195	3	*	*	PUNCT
fbem-14773	195	4	(	(	PUNCT
fbem-14773	195	5	-0.4116	-0.4116	PROPN
fbem-14773	195	6	)	)	PUNCT
fbem-14773	195	7	(	(	PUNCT
fbem-14773	195	8	-2.8971	-2.8971	ADJ
fbem-14773	195	9	)	)	PUNCT
fbem-14773	195	10	windsize	windsize	NOUN
fbem-14773	195	11	-0.0054	-0.0054	PROPN
fbem-14773	195	12	0.0016	0.0016	NUM
fbem-14773	195	13	(	(	PUNCT
fbem-14773	195	14	-0.1625	-0.1625	NOUN
fbem-14773	195	15	)	)	PUNCT
fbem-14773	195	16	(	(	PUNCT
fbem-14773	195	17	0.0548	0.0548	NOUN
fbem-14773	195	18	)	)	PUNCT
fbem-14773	195	19	same	same	ADJ
fbem-14773	195	20	0.0068	0.0068	NUM
fbem-14773	195	21	*	*	PUNCT
fbem-14773	195	22	0.0043	0.0043	NUM
fbem-14773	195	23	(	(	PUNCT
fbem-14773	195	24	1.8600	1.8600	NUM
fbem-14773	195	25	)	)	PUNCT
fbem-14773	195	26	(	(	PUNCT
fbem-14773	195	27	1.1473	1.1473	NUM
fbem-14773	195	28	)	)	PUNCT
fbem-14773	195	29	cgpro	cgpro	NOUN
fbem-14773	195	30	-0.0165	-0.0165	X
fbem-14773	196	1	0.0135	0.0135	NUM
fbem-14773	196	2	(	(	PUNCT
fbem-14773	196	3	-1.5151	-1.5151	PROPN
fbem-14773	196	4	)	)	PUNCT
fbem-14773	196	5	(	(	PUNCT
fbem-14773	196	6	1.2576	1.2576	NUM
fbem-14773	196	7	)	)	PUNCT
fbem-14773	196	8	wgdpgr	wgdpgr	VERB
fbem-14773	196	9	0.0388	0.0388	NUM
fbem-14773	196	10	0.0234	0.0234	NUM
fbem-14773	196	11	(	(	PUNCT
fbem-14773	196	12	0.7870	0.7870	NUM
fbem-14773	196	13	)	)	PUNCT
fbem-14773	196	14	(	(	PUNCT
fbem-14773	196	15	0.5901	0.5901	NUM
fbem-14773	196	16	)	)	PUNCT
fbem-14773	196	17	big4	big4	NOUN
fbem-14773	196	18	-0.0096	-0.0096	NOUN
fbem-14773	196	19	-0.0170	-0.0170	PUNCT
fbem-14773	197	1	*	*	PUNCT
fbem-14773	198	1	*	*	PUNCT
fbem-14773	198	2	*	*	PUNCT
fbem-14773	198	3	(	(	PUNCT
fbem-14773	198	4	-1.2949	-1.2949	X
fbem-14773	198	5	)	)	PUNCT
fbem-14773	198	6	(	(	PUNCT
fbem-14773	198	7	-3.6226	-3.6226	NOUN
fbem-14773	198	8	)	)	PUNCT
fbem-14773	198	9	_	_	PRON
fbem-14773	198	10	cons	con	NOUN
fbem-14773	198	11	0.0449	0.0449	NUM
fbem-14773	198	12	0.0802	0.0802	NUM
fbem-14773	198	13	*	*	PUNCT
fbem-14773	198	14	(	(	PUNCT
fbem-14773	198	15	0.5780	0.5780	NUM
fbem-14773	198	16	)	)	PUNCT
fbem-14773	198	17	(	(	PUNCT
fbem-14773	198	18	1.7260	1.7260	NUM
fbem-14773	198	19	)	)	PUNCT
fbem-14773	198	20	n	n	CCONJ
fbem-14773	198	21	3491	3491	NUM
fbem-14773	198	22	3721	3721	NUM
fbem-14773	198	23	adj	adj	PROPN
fbem-14773	198	24	.	.	PUNCT
fbem-14773	198	25	r2	r2	PROPN
fbem-14773	198	26	0.211	0.211	NUM
fbem-14773	198	27	0.235	0.235	NUM
fbem-14773	198	28	t	t	NOUN
fbem-14773	198	29	statistics	statistic	NOUN
fbem-14773	198	30	in	in	ADP
fbem-14773	198	31	parentheses	parenthesis	NOUN
fbem-14773	198	32	*	*	PUNCT
fbem-14773	198	33	p	p	X
fbem-14773	198	34	<	<	X
fbem-14773	198	35	0.1	0.1	NUM
fbem-14773	198	36	,	,	PUNCT
fbem-14773	198	37	*	*	PUNCT
fbem-14773	198	38	*	*	PUNCT
fbem-14773	199	1	p	p	X
fbem-14773	199	2	<	<	X
fbem-14773	199	3	0.05	0.05	NUM
fbem-14773	199	4	,	,	PUNCT
fbem-14773	199	5	*	*	PUNCT
fbem-14773	199	6	*	*	PUNCT
fbem-14773	199	7	*	*	PUNCT
fbem-14773	200	1	p	p	X
fbem-14773	200	2	<	<	X
fbem-14773	200	3	0.01	0.01	NUM
fbem-14773	200	4	4.5.2	4.5.2	NUM
fbem-14773	200	5	.	.	PUNCT
fbem-14773	201	1	financing	financing	NOUN
fbem-14773	201	2	constraints	constraint	NOUN
fbem-14773	201	3	secondly	secondly	ADV
fbem-14773	201	4	,	,	PUNCT
fbem-14773	201	5	financing	financing	NOUN
fbem-14773	201	6	constraints	constraint	NOUN
fbem-14773	201	7	are	be	AUX
fbem-14773	201	8	added	add	VERB
fbem-14773	201	9	as	as	ADP
fbem-14773	201	10	another	another	DET
fbem-14773	201	11	moderating	moderate	VERB
fbem-14773	201	12	variable	variable	NOUN
fbem-14773	201	13	to	to	ADP
fbem-14773	201	14	the	the	DET
fbem-14773	201	15	original	original	ADJ
fbem-14773	201	16	benchmark	benchmark	NOUN
fbem-14773	201	17	regression	regression	NOUN
fbem-14773	201	18	model	model	NOUN
fbem-14773	201	19	of	of	ADP
fbem-14773	201	20	customer	customer	NOUN
fbem-14773	201	21	concentration	concentration	NOUN
fbem-14773	201	22	and	and	CCONJ
fbem-14773	201	23	enterprise	enterprise	NOUN
fbem-14773	201	24	financial	financial	ADJ
fbem-14773	201	25	asset	asset	NOUN
fbem-14773	201	26	allocation	allocation	NOUN
fbem-14773	201	27	level	level	NOUN
fbem-14773	201	28	,	,	PUNCT
fbem-14773	201	29	and	and	CCONJ
fbem-14773	201	30	the	the	DET
fbem-14773	201	31	samples	sample	NOUN
fbem-14773	201	32	are	be	AUX
fbem-14773	201	33	divided	divide	VERB
fbem-14773	201	34	into	into	ADP
fbem-14773	201	35	low	low	ADJ
fbem-14773	201	36	financing	financing	NOUN
fbem-14773	201	37	constraints	constraint	NOUN
fbem-14773	201	38	(	(	PUNCT
fbem-14773	201	39	column	column	NOUN
fbem-14773	201	40	(	(	PUNCT
fbem-14773	201	41	1	1	NUM
fbem-14773	201	42	)	)	PUNCT
fbem-14773	201	43	of	of	ADP
fbem-14773	201	44	the	the	DET
fbem-14773	201	45	table	table	NOUN
fbem-14773	201	46	7	7	NUM
fbem-14773	201	47	)	)	PUNCT
fbem-14773	201	48	sample	sample	NOUN
fbem-14773	201	49	group	group	NOUN
fbem-14773	201	50	and	and	CCONJ
fbem-14773	201	51	high	high	ADJ
fbem-14773	201	52	financing	financing	NOUN
fbem-14773	201	53	constraints	constraint	NOUN
fbem-14773	201	54	(	(	PUNCT
fbem-14773	201	55	column	column	NOUN
fbem-14773	201	56	(	(	PUNCT
fbem-14773	201	57	2	2	NUM
fbem-14773	201	58	)	)	PUNCT
fbem-14773	201	59	of	of	ADP
fbem-14773	201	60	the	the	DET
fbem-14773	201	61	table	table	NOUN
fbem-14773	201	62	7	7	NUM
fbem-14773	201	63	)	)	PUNCT
fbem-14773	201	64	sample	sample	NOUN
fbem-14773	201	65	group	group	NOUN
fbem-14773	201	66	.	.	PUNCT
fbem-14773	202	1	the	the	DET
fbem-14773	202	2	table	table	NOUN
fbem-14773	202	3	7	7	NUM
fbem-14773	202	4	shows	show	VERB
fbem-14773	202	5	the	the	DET
fbem-14773	202	6	impact	impact	NOUN
fbem-14773	202	7	of	of	ADP
fbem-14773	202	8	customer	customer	NOUN
fbem-14773	202	9	concentration	concentration	NOUN
fbem-14773	202	10	on	on	ADP
fbem-14773	202	11	the	the	DET
fbem-14773	202	12	financial	financial	ADJ
fbem-14773	202	13	asset	asset	NOUN
fbem-14773	202	14	allocation	allocation	NOUN
fbem-14773	202	15	of	of	ADP
fbem-14773	202	16	enterprises	enterprise	NOUN
fbem-14773	202	17	when	when	SCONJ
fbem-14773	202	18	financing	financing	NOUN
fbem-14773	202	19	constraints	constraint	NOUN
fbem-14773	202	20	are	be	AUX
fbem-14773	202	21	added	add	VERB
fbem-14773	202	22	as	as	ADP
fbem-14773	202	23	a	a	DET
fbem-14773	202	24	moderating	moderate	VERB
fbem-14773	202	25	variable	variable	NOUN
fbem-14773	202	26	.	.	PUNCT
fbem-14773	203	1	according	accord	VERB
fbem-14773	203	2	to	to	ADP
fbem-14773	203	3	the	the	DET
fbem-14773	203	4	regression	regression	NOUN
fbem-14773	203	5	results	result	NOUN
fbem-14773	203	6	,	,	PUNCT
fbem-14773	203	7	when	when	SCONJ
fbem-14773	203	8	the	the	DET
fbem-14773	203	9	financing	financing	NOUN
fbem-14773	203	10	constraints	constraint	NOUN
fbem-14773	203	11	are	be	AUX
fbem-14773	203	12	low	low	ADJ
fbem-14773	203	13	,	,	PUNCT
fbem-14773	203	14	the	the	DET
fbem-14773	203	15	regression	regression	NOUN
fbem-14773	203	16	coefficients	coefficient	NOUN
fbem-14773	203	17	of	of	ADP
fbem-14773	203	18	variables	variables	PROPN
fbem-14773	203	19	cc3	cc3	PROPN
fbem-14773	203	20	,	,	PUNCT
fbem-14773	203	21	wlev	wlev	NOUN
fbem-14773	203	22	,	,	PUNCT
fbem-14773	203	23	wcapint	wcapint	NOUN
fbem-14773	203	24	,	,	PUNCT
fbem-14773	203	25	wgrowrat	wgrowrat	PROPN
fbem-14773	203	26	,	,	PUNCT
fbem-14773	203	27	wbdsize	wbdsize	VERB
fbem-14773	203	28	and	and	CCONJ
fbem-14773	203	29	big4	big4	PROPN
fbem-14773	203	30	are	be	AUX
fbem-14773	203	31	-0.0224	-0.0224	ADJ
fbem-14773	203	32	,	,	PUNCT
fbem-14773	203	33	-0.1394	-0.1394	PROPN
fbem-14773	203	34	,	,	PUNCT
fbem-14773	203	35	-0.1886	-0.1886	PROPN
fbem-14773	203	36	,	,	PUNCT
fbem-14773	203	37	-0.0039	-0.0039	NOUN
fbem-14773	203	38	,	,	PUNCT
fbem-14773	203	39	-0.0262	-0.0262	PROPN
fbem-14773	203	40	and	and	CCONJ
fbem-14773	203	41	-0.0228	-0.0228	NUM
fbem-14773	203	42	,	,	PUNCT
fbem-14773	203	43	respectively	respectively	ADV
fbem-14773	203	44	,	,	PUNCT
fbem-14773	203	45	and	and	CCONJ
fbem-14773	203	46	all	all	DET
fbem-14773	203	47	the	the	DET
fbem-14773	203	48	above	above	ADJ
fbem-14773	203	49	variables	variable	NOUN
fbem-14773	203	50	pass	pass	VERB
fbem-14773	203	51	the	the	DET
fbem-14773	203	52	1	1	NUM
fbem-14773	203	53	%	%	NOUN
fbem-14773	203	54	significance	significance	NOUN
fbem-14773	203	55	level	level	NOUN
fbem-14773	203	56	test	test	NOUN
fbem-14773	203	57	.	.	PUNCT
fbem-14773	204	1	when	when	SCONJ
fbem-14773	204	2	the	the	DET
fbem-14773	204	3	degree	degree	NOUN
fbem-14773	204	4	of	of	ADP
fbem-14773	204	5	financing	financing	NOUN
fbem-14773	204	6	constraints	constraint	NOUN
fbem-14773	204	7	increases	increase	NOUN
fbem-14773	204	8	,	,	PUNCT
fbem-14773	204	9	the	the	DET
fbem-14773	204	10	absolute	absolute	ADJ
fbem-14773	204	11	values	value	NOUN
fbem-14773	204	12	of	of	ADP
fbem-14773	204	13	the	the	DET
fbem-14773	204	14	regression	regression	NOUN
fbem-14773	204	15	coefficients	coefficient	NOUN
fbem-14773	204	16	of	of	ADP
fbem-14773	204	17	cc3	cc3	PROPN
fbem-14773	204	18	and	and	CCONJ
fbem-14773	204	19	other	other	ADJ
fbem-14773	204	20	variables	variable	NOUN
fbem-14773	204	21	are	be	AUX
fbem-14773	204	22	lower	low	ADJ
fbem-14773	204	23	than	than	ADP
fbem-14773	204	24	the	the	DET
fbem-14773	204	25	regression	regression	NOUN
fbem-14773	204	26	coefficients	coefficient	NOUN
fbem-14773	204	27	of	of	ADP
fbem-14773	204	28	the	the	DET
fbem-14773	204	29	sample	sample	NOUN
fbem-14773	204	30	group	group	NOUN
fbem-14773	204	31	with	with	ADP
fbem-14773	204	32	low	low	ADJ
fbem-14773	204	33	financing	financing	NOUN
fbem-14773	204	34	constraints	constraint	NOUN
fbem-14773	204	35	.	.	PUNCT
fbem-14773	205	1	based	base	VERB
fbem-14773	205	2	on	on	ADP
fbem-14773	205	3	the	the	DET
fbem-14773	205	4	above	above	ADJ
fbem-14773	205	5	analysis	analysis	NOUN
fbem-14773	205	6	,	,	PUNCT
fbem-14773	205	7	it	it	PRON
fbem-14773	205	8	can	can	AUX
fbem-14773	205	9	be	be	AUX
fbem-14773	205	10	explained	explain	VERB
fbem-14773	205	11	that	that	SCONJ
fbem-14773	205	12	when	when	SCONJ
fbem-14773	205	13	the	the	DET
fbem-14773	205	14	degree	degree	NOUN
fbem-14773	205	15	of	of	ADP
fbem-14773	205	16	financing	financing	NOUN
fbem-14773	205	17	constraints	constraint	NOUN
fbem-14773	205	18	increases	increase	NOUN
fbem-14773	205	19	,	,	PUNCT
fbem-14773	205	20	the	the	DET
fbem-14773	205	21	inhibitory	inhibitory	ADJ
fbem-14773	205	22	effect	effect	NOUN
fbem-14773	205	23	of	of	ADP
fbem-14773	205	24	customer	customer	NOUN
fbem-14773	205	25	concentration	concentration	NOUN
fbem-14773	205	26	on	on	ADP
fbem-14773	205	27	the	the	DET
fbem-14773	205	28	financial	financial	ADJ
fbem-14773	205	29	asset	asset	NOUN
fbem-14773	205	30	allocation	allocation	NOUN
fbem-14773	205	31	of	of	ADP
fbem-14773	205	32	enterprises	enterprise	NOUN
fbem-14773	205	33	is	be	AUX
fbem-14773	205	34	more	more	ADV
fbem-14773	205	35	significant	significant	ADJ
fbem-14773	205	36	.	.	PUNCT
fbem-14773	206	1	4.5.3	4.5.3	X
fbem-14773	206	2	.	.	PUNCT
fbem-14773	207	1	inventory	inventory	NOUN
fbem-14773	207	2	turnover	turnover	NOUN
fbem-14773	207	3	ratio	ratio	NOUN
fbem-14773	207	4	the	the	DET
fbem-14773	207	5	table	table	NOUN
fbem-14773	207	6	8	8	NUM
fbem-14773	207	7	shows	show	VERB
fbem-14773	207	8	the	the	DET
fbem-14773	207	9	impact	impact	NOUN
fbem-14773	207	10	of	of	ADP
fbem-14773	207	11	customer	customer	NOUN
fbem-14773	207	12	concentration	concentration	NOUN
fbem-14773	207	13	on	on	ADP
fbem-14773	207	14	the	the	DET
fbem-14773	207	15	financial	financial	ADJ
fbem-14773	207	16	asset	asset	NOUN
fbem-14773	207	17	allocation	allocation	NOUN
fbem-14773	207	18	of	of	ADP
fbem-14773	207	19	enterprises	enterprise	NOUN
fbem-14773	207	20	under	under	ADP
fbem-14773	207	21	the	the	DET
fbem-14773	207	22	condition	condition	NOUN
fbem-14773	207	23	of	of	ADP
fbem-14773	207	24	increasing	increase	VERB
fbem-14773	207	25	inventory	inventory	NOUN
fbem-14773	207	26	turnover	turnover	NOUN
fbem-14773	207	27	.	.	PUNCT
fbem-14773	208	1	inventory	inventory	NOUN
fbem-14773	208	2	turnover	turnover	NOUN
fbem-14773	208	3	is	be	AUX
fbem-14773	208	4	an	an	DET
fbem-14773	208	5	important	important	ADJ
fbem-14773	208	6	indicator	indicator	NOUN
fbem-14773	208	7	to	to	PART
fbem-14773	208	8	measure	measure	VERB
fbem-14773	208	9	the	the	DET
fbem-14773	208	10	liquidity	liquidity	NOUN
fbem-14773	208	11	of	of	ADP
fbem-14773	208	12	enterprise	enterprise	NOUN
fbem-14773	208	13	funds	fund	NOUN
fbem-14773	208	14	.	.	PUNCT
fbem-14773	209	1	adding	add	VERB
fbem-14773	209	2	inventory	inventory	NOUN
fbem-14773	209	3	turnover	turnover	NOUN
fbem-14773	209	4	as	as	ADP
fbem-14773	209	5	a	a	DET
fbem-14773	209	6	moderating	moderate	VERB
fbem-14773	209	7	variable	variable	NOUN
fbem-14773	209	8	to	to	ADP
fbem-14773	209	9	the	the	DET
fbem-14773	209	10	original	original	ADJ
fbem-14773	209	11	regression	regression	NOUN
fbem-14773	209	12	model	model	NOUN
fbem-14773	209	13	,	,	PUNCT
fbem-14773	209	14	the	the	DET
fbem-14773	209	15	effect	effect	NOUN
fbem-14773	209	16	of	of	ADP
fbem-14773	209	17	inventory	inventory	NOUN
fbem-14773	209	18	turnover	turnover	NOUN
fbem-14773	209	19	on	on	ADP
fbem-14773	209	20	the	the	DET
fbem-14773	209	21	transmission	transmission	NOUN
fbem-14773	209	22	mechanism	mechanism	NOUN
fbem-14773	209	23	is	be	AUX
fbem-14773	209	24	tested	test	VERB
fbem-14773	209	25	for	for	ADP
fbem-14773	209	26	significance	significance	NOUN
fbem-14773	209	27	.	.	PUNCT
fbem-14773	210	1	according	accord	VERB
fbem-14773	210	2	to	to	ADP
fbem-14773	210	3	the	the	DET
fbem-14773	210	4	regression	regression	NOUN
fbem-14773	210	5	results	result	NOUN
fbem-14773	210	6	,	,	PUNCT
fbem-14773	210	7	under	under	ADP
fbem-14773	210	8	the	the	DET
fbem-14773	210	9	condition	condition	NOUN
fbem-14773	210	10	of	of	ADP
fbem-14773	210	11	low	low	ADJ
fbem-14773	210	12	inventory	inventory	NOUN
fbem-14773	210	13	turnover	turnover	NOUN
fbem-14773	210	14	(	(	PUNCT
fbem-14773	210	15	column	column	NOUN
fbem-14773	210	16	(	(	PUNCT
fbem-14773	210	17	2	2	NUM
fbem-14773	210	18	)	)	PUNCT
fbem-14773	210	19	of	of	ADP
fbem-14773	210	20	the	the	DET
fbem-14773	210	21	table	table	NOUN
fbem-14773	210	22	8)	8)	NUM
fbem-14773	210	23	,	,	PUNCT
fbem-14773	210	24	the	the	DET
fbem-14773	210	25	regression	regression	NOUN
fbem-14773	210	26	coefficients	coefficient	NOUN
fbem-14773	210	27	of	of	ADP
fbem-14773	210	28	variables	variables	PROPN
fbem-14773	210	29	cc3	cc3	PROPN
fbem-14773	210	30	,	,	PUNCT
fbem-14773	210	31	wlev	wlev	NOUN
fbem-14773	210	32	,	,	PUNCT
fbem-14773	210	33	wcapint	wcapint	NOUN
fbem-14773	210	34	,	,	PUNCT
fbem-14773	210	35	wgrowrat	wgrowrat	NOUN
fbem-14773	210	36	,	,	PUNCT
fbem-14773	210	37	big4	big4	PROPN
fbem-14773	210	38	,	,	PUNCT
fbem-14773	210	39	etc	etc	X
fbem-14773	210	40	.	.	X
fbem-14773	210	41	are	be	AUX
fbem-14773	210	42	all	all	PRON
fbem-14773	210	43	passed	pass	VERB
fbem-14773	210	44	the	the	DET
fbem-14773	210	45	1	1	NUM
fbem-14773	210	46	%	%	NOUN
fbem-14773	210	47	significance	significance	NOUN
fbem-14773	210	48	level	level	NOUN
fbem-14773	210	49	test	test	NOUN
fbem-14773	210	50	.	.	PUNCT
fbem-14773	211	1	when	when	SCONJ
fbem-14773	211	2	the	the	DET
fbem-14773	211	3	inventory	inventory	NOUN
fbem-14773	211	4	turnover	turnover	NOUN
fbem-14773	211	5	increases	increase	NOUN
fbem-14773	211	6	,	,	PUNCT
fbem-14773	211	7	the	the	DET
fbem-14773	211	8	absolute	absolute	ADJ
fbem-14773	211	9	value	value	NOUN
fbem-14773	211	10	of	of	ADP
fbem-14773	211	11	the	the	DET
fbem-14773	211	12	regression	regression	NOUN
fbem-14773	211	13	coefficient	coefficient	NOUN
fbem-14773	211	14	of	of	ADP
fbem-14773	211	15	this	this	DET
fbem-14773	211	16	sample	sample	NOUN
fbem-14773	211	17	group	group	NOUN
fbem-14773	211	18	is	be	AUX
fbem-14773	211	19	smaller	small	ADJ
fbem-14773	211	20	than	than	ADP
fbem-14773	211	21	that	that	PRON
fbem-14773	211	22	of	of	ADP
fbem-14773	211	23	the	the	DET
fbem-14773	211	24	sample	sample	NOUN
fbem-14773	211	25	group	group	NOUN
fbem-14773	211	26	with	with	ADP
fbem-14773	211	27	low	low	ADJ
fbem-14773	211	28	inventory	inventory	NOUN
fbem-14773	211	29	turnover	turnover	NOUN
fbem-14773	211	30	.	.	PUNCT
fbem-14773	212	1	based	base	VERB
fbem-14773	212	2	on	on	ADP
fbem-14773	212	3	the	the	DET
fbem-14773	212	4	above	above	ADJ
fbem-14773	212	5	analysis	analysis	NOUN
fbem-14773	212	6	,	,	PUNCT
fbem-14773	212	7	it	it	PRON
fbem-14773	212	8	can	can	AUX
fbem-14773	212	9	be	be	AUX
fbem-14773	212	10	explained	explain	VERB
fbem-14773	212	11	that	that	SCONJ
fbem-14773	212	12	when	when	SCONJ
fbem-14773	212	13	the	the	DET
fbem-14773	212	14	inventory	inventory	NOUN
fbem-14773	212	15	turnover	turnover	NOUN
fbem-14773	212	16	of	of	ADP
fbem-14773	212	17	enterprises	enterprise	NOUN
fbem-14773	212	18	is	be	AUX
fbem-14773	212	19	low	low	ADJ
fbem-14773	212	20	,	,	PUNCT
fbem-14773	212	21	the	the	DET
fbem-14773	212	22	inhibitory	inhibitory	ADJ
fbem-14773	212	23	effect	effect	NOUN
fbem-14773	212	24	of	of	ADP
fbem-14773	212	25	customer	customer	NOUN
fbem-14773	212	26	concentration	concentration	NOUN
fbem-14773	212	27	on	on	ADP
fbem-14773	212	28	the	the	DET
fbem-14773	212	29	financial	financial	ADJ
fbem-14773	212	30	asset	asset	NOUN
fbem-14773	212	31	allocation	allocation	NOUN
fbem-14773	212	32	of	of	ADP
fbem-14773	212	33	enterprises	enterprise	NOUN
fbem-14773	212	34	is	be	AUX
fbem-14773	212	35	significant	significant	ADJ
fbem-14773	212	36	.	.	PUNCT
fbem-14773	213	1	132	132	NUM
fbem-14773	213	2	table	table	NOUN
fbem-14773	213	3	7	7	NUM
fbem-14773	213	4	.	.	PUNCT
fbem-14773	213	5	financing	financing	NOUN
fbem-14773	213	6	constraints	constraint	NOUN
fbem-14773	213	7	results	result	NOUN
fbem-14773	213	8	(	(	PUNCT
fbem-14773	213	9	1	1	NUM
fbem-14773	213	10	)	)	PUNCT
fbem-14773	213	11	(	(	PUNCT
fbem-14773	213	12	2	2	X
fbem-14773	213	13	)	)	PUNCT
fbem-14773	213	14	low	low	ADJ
fbem-14773	213	15	high	high	ADJ
fbem-14773	213	16	cc3	cc3	PROPN
fbem-14773	213	17	-0.0224	-0.0224	PROPN
fbem-14773	213	18	*	*	PUNCT
fbem-14773	213	19	*	*	PUNCT
fbem-14773	213	20	*	*	PUNCT
fbem-14773	213	21	-0.0290	-0.0290	PUNCT
fbem-14773	213	22	*	*	PUNCT
fbem-14773	213	23	*	*	PUNCT
fbem-14773	213	24	*	*	PUNCT
fbem-14773	213	25	(	(	PUNCT
fbem-14773	213	26	-2.9804	-2.9804	PROPN
fbem-14773	213	27	)	)	PUNCT
fbem-14773	213	28	(	(	PUNCT
fbem-14773	213	29	-3.5284	-3.5284	CCONJ
fbem-14773	213	30	)	)	PUNCT
fbem-14773	213	31	wsizea	wsizea	NOUN
fbem-14773	213	32	0.0114	0.0114	NUM
fbem-14773	213	33	*	*	PUNCT
fbem-14773	213	34	*	*	PUNCT
fbem-14773	213	35	*	*	PUNCT
fbem-14773	213	36	0.0039	0.0039	NUM
fbem-14773	213	37	*	*	NOUN
fbem-14773	213	38	*	*	PUNCT
fbem-14773	213	39	(	(	PUNCT
fbem-14773	213	40	6.0995	6.0995	NUM
fbem-14773	213	41	)	)	PUNCT
fbem-14773	213	42	(	(	PUNCT
fbem-14773	213	43	2.2942	2.2942	NUM
fbem-14773	213	44	)	)	PUNCT
fbem-14773	213	45	wlev	wlev	NOUN
fbem-14773	213	46	-0.1394	-0.1394	NOUN
fbem-14773	213	47	*	*	PUNCT
fbem-14773	213	48	*	*	PUNCT
fbem-14773	213	49	*	*	PUNCT
fbem-14773	213	50	-0.1388	-0.1388	NOUN
fbem-14773	213	51	*	*	PUNCT
fbem-14773	213	52	*	*	PUNCT
fbem-14773	213	53	*	*	PUNCT
fbem-14773	213	54	(	(	PUNCT
fbem-14773	213	55	-14.4187	-14.4187	NUM
fbem-14773	213	56	)	)	PUNCT
fbem-14773	213	57	(	(	PUNCT
fbem-14773	213	58	-13.0248	-13.0248	X
fbem-14773	213	59	)	)	PUNCT
fbem-14773	213	60	wcapint	wcapint	NOUN
fbem-14773	213	61	-0.1866	-0.1866	NOUN
fbem-14773	213	62	*	*	PUNCT
fbem-14773	213	63	*	*	PUNCT
fbem-14773	213	64	*	*	PUNCT
fbem-14773	213	65	-0.1513	-0.1513	PROPN
fbem-14773	214	1	*	*	PUNCT
fbem-14773	214	2	*	*	PUNCT
fbem-14773	214	3	*	*	PUNCT
fbem-14773	214	4	(	(	PUNCT
fbem-14773	214	5	-15.7330	-15.7330	NUM
fbem-14773	214	6	)	)	PUNCT
fbem-14773	214	7	(	(	PUNCT
fbem-14773	214	8	-12.0672	-12.0672	SYM
fbem-14773	214	9	)	)	PUNCT
fbem-14773	214	10	wroaa	wroaa	NOUN
fbem-14773	214	11	-0.0068	-0.0068	PROPN
fbem-14773	214	12	-0.1148	-0.1148	PROPN
fbem-14773	215	1	*	*	PUNCT
fbem-14773	215	2	*	*	PUNCT
fbem-14773	215	3	(	(	PUNCT
fbem-14773	215	4	-0.1546	-0.1546	ADJ
fbem-14773	215	5	)	)	PUNCT
fbem-14773	215	6	(	(	PUNCT
fbem-14773	215	7	-2.4106	-2.4106	NOUN
fbem-14773	215	8	)	)	PUNCT
fbem-14773	215	9	wgrowrat	wgrowrat	NOUN
fbem-14773	215	10	-0.0039	-0.0039	NOUN
fbem-14773	215	11	*	*	PUNCT
fbem-14773	215	12	*	*	PUNCT
fbem-14773	215	13	*	*	PUNCT
fbem-14773	215	14	-0.0007	-0.0007	ADJ
fbem-14773	215	15	(	(	PUNCT
fbem-14773	215	16	-3.4059	-3.4059	PROPN
fbem-14773	215	17	)	)	PUNCT
fbem-14773	215	18	(	(	PUNCT
fbem-14773	215	19	-0.4722	-0.4722	NOUN
fbem-14773	215	20	)	)	PUNCT
fbem-14773	215	21	wcf	wcf	NOUN
fbem-14773	215	22	0.0484	0.0484	NUM
fbem-14773	215	23	*	*	PUNCT
fbem-14773	216	1	0.1186	0.1186	NUM
fbem-14773	216	2	*	*	PUNCT
fbem-14773	216	3	*	*	PUNCT
fbem-14773	216	4	*	*	PUNCT
fbem-14773	216	5	(	(	PUNCT
fbem-14773	216	6	1.9287	1.9287	NUM
fbem-14773	216	7	)	)	PUNCT
fbem-14773	216	8	(	(	PUNCT
fbem-14773	216	9	4.4955	4.4955	NUM
fbem-14773	216	10	)	)	PUNCT
fbem-14773	216	11	wbdsize	wbdsize	VERB
fbem-14773	216	12	-0.0262	-0.0262	NOUN
fbem-14773	216	13	*	*	PUNCT
fbem-14773	216	14	*	*	PUNCT
fbem-14773	216	15	*	*	PUNCT
fbem-14773	216	16	-0.0089	-0.0089	NOUN
fbem-14773	216	17	(	(	PUNCT
fbem-14773	216	18	-2.8238	-2.8238	NOUN
fbem-14773	216	19	)	)	PUNCT
fbem-14773	216	20	(	(	PUNCT
fbem-14773	216	21	-0.9167	-0.9167	NOUN
fbem-14773	216	22	)	)	PUNCT
fbem-14773	216	23	windsize	windsize	NOUN
fbem-14773	216	24	-0.0229	-0.0229	VERB
fbem-14773	216	25	0.0067	0.0067	NUM
fbem-14773	216	26	(	(	PUNCT
fbem-14773	216	27	-0.7232	-0.7232	NOUN
fbem-14773	216	28	)	)	PUNCT
fbem-14773	216	29	(	(	PUNCT
fbem-14773	216	30	0.2011	0.2011	NUM
fbem-14773	216	31	)	)	PUNCT
fbem-14773	216	32	same	same	ADJ
fbem-14773	216	33	0.0065	0.0065	NUM
fbem-14773	216	34	*	*	SYM
fbem-14773	216	35	0.0072	0.0072	NUM
fbem-14773	216	36	*	*	NOUN
fbem-14773	216	37	*	*	PUNCT
fbem-14773	216	38	(	(	PUNCT
fbem-14773	216	39	1.8327	1.8327	NUM
fbem-14773	216	40	)	)	PUNCT
fbem-14773	216	41	(	(	PUNCT
fbem-14773	216	42	2.1005	2.1005	NUM
fbem-14773	216	43	)	)	PUNCT
fbem-14773	216	44	cgpro	cgpro	NOUN
fbem-14773	216	45	-0.0137	-0.0137	NOUN
fbem-14773	216	46	0.0285	0.0285	NUM
fbem-14773	217	1	*	*	PUNCT
fbem-14773	217	2	*	*	PUNCT
fbem-14773	217	3	*	*	PUNCT
fbem-14773	217	4	(	(	PUNCT
fbem-14773	217	5	-1.2992	-1.2992	ADJ
fbem-14773	217	6	)	)	PUNCT
fbem-14773	217	7	(	(	PUNCT
fbem-14773	217	8	2.7349	2.7349	NUM
fbem-14773	217	9	)	)	PUNCT
fbem-14773	217	10	wgdpgr	wgdpgr	ADJ
fbem-14773	217	11	-0.0012	-0.0012	NOUN
fbem-14773	217	12	0.0702	0.0702	NUM
fbem-14773	217	13	(	(	PUNCT
fbem-14773	217	14	-0.0260	-0.0260	NOUN
fbem-14773	217	15	)	)	PUNCT
fbem-14773	217	16	(	(	PUNCT
fbem-14773	217	17	1.4612	1.4612	NUM
fbem-14773	217	18	)	)	PUNCT
fbem-14773	217	19	big4	big4	NOUN
fbem-14773	217	20	-0.0228	-0.0228	PROPN
fbem-14773	218	1	*	*	PUNCT
fbem-14773	218	2	*	*	PUNCT
fbem-14773	218	3	*	*	PUNCT
fbem-14773	218	4	-0.0024	-0.0024	NOUN
fbem-14773	218	5	(	(	PUNCT
fbem-14773	218	6	-3.2535	-3.2535	NOUN
fbem-14773	218	7	)	)	PUNCT
fbem-14773	218	8	(	(	PUNCT
fbem-14773	218	9	-0.3425	-0.3425	NOUN
fbem-14773	218	10	)	)	PUNCT
fbem-14773	219	1	_	_	PRON
fbem-14773	219	2	cons	con	NOUN
fbem-14773	219	3	0.0568	0.0568	NUM
fbem-14773	219	4	0.0364	0.0364	NUM
fbem-14773	219	5	(	(	PUNCT
fbem-14773	219	6	0.9193	0.9193	NUM
fbem-14773	219	7	)	)	PUNCT
fbem-14773	219	8	(	(	PUNCT
fbem-14773	219	9	0.5041	0.5041	NUM
fbem-14773	219	10	)	)	PUNCT
fbem-14773	219	11	n	n	CCONJ
fbem-14773	219	12	4081	4081	NUM
fbem-14773	219	13	3275	3275	NUM
fbem-14773	219	14	adj	adj	X
fbem-14773	219	15	.	.	PUNCT
fbem-14773	219	16	r2	r2	PROPN
fbem-14773	219	17	0.235	0.235	NUM
fbem-14773	219	18	0.234	0.234	NUM
fbem-14773	219	19	t	t	NOUN
fbem-14773	219	20	statistics	statistic	NOUN
fbem-14773	219	21	in	in	ADP
fbem-14773	219	22	parentheses	parenthesis	NOUN
fbem-14773	219	23	*	*	PUNCT
fbem-14773	219	24	p	p	X
fbem-14773	219	25	<	<	X
fbem-14773	219	26	0.1	0.1	NUM
fbem-14773	219	27	,	,	PUNCT
fbem-14773	219	28	*	*	PUNCT
fbem-14773	219	29	*	*	PUNCT
fbem-14773	219	30	p	p	X
fbem-14773	219	31	<	<	X
fbem-14773	219	32	0.05	0.05	NUM
fbem-14773	219	33	,	,	PUNCT
fbem-14773	219	34	*	*	PUNCT
fbem-14773	219	35	*	*	PUNCT
fbem-14773	219	36	*	*	PUNCT
fbem-14773	219	37	p	p	X
fbem-14773	219	38	<	<	X
fbem-14773	219	39	0.01	0.01	NUM
fbem-14773	219	40	table	table	NOUN
fbem-14773	219	41	8	8	NUM
fbem-14773	219	42	.	.	PUNCT
fbem-14773	220	1	financing	financing	NOUN
fbem-14773	220	2	constraints	constraint	NOUN
fbem-14773	220	3	results	result	NOUN
fbem-14773	220	4	(	(	PUNCT
fbem-14773	220	5	1	1	NUM
fbem-14773	220	6	)	)	PUNCT
fbem-14773	220	7	(	(	PUNCT
fbem-14773	220	8	2	2	X
fbem-14773	220	9	)	)	PUNCT
fbem-14773	220	10	high	high	ADJ
fbem-14773	220	11	low	low	PROPN
fbem-14773	220	12	cc3	cc3	PROPN
fbem-14773	220	13	-0.0103	-0.0103	PROPN
fbem-14773	220	14	-0.0499	-0.0499	PROPN
fbem-14773	221	1	*	*	PUNCT
fbem-14773	221	2	*	*	PUNCT
fbem-14773	221	3	*	*	PUNCT
fbem-14773	221	4	(	(	PUNCT
fbem-14773	221	5	-1.5803	-1.5803	NOUN
fbem-14773	221	6	)	)	PUNCT
fbem-14773	221	7	(	(	PUNCT
fbem-14773	221	8	-5.4672	-5.4672	NOUN
fbem-14773	221	9	)	)	PUNCT
fbem-14773	221	10	wsizea	wsizea	NOUN
fbem-14773	221	11	0.0057	0.0057	NUM
fbem-14773	221	12	*	*	PUNCT
fbem-14773	221	13	*	*	PUNCT
fbem-14773	222	1	*	*	PUNCT
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fbem-14773	222	3	*	*	PUNCT
fbem-14773	222	4	*	*	PUNCT
fbem-14773	222	5	*	*	PUNCT
fbem-14773	222	6	(	(	PUNCT
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fbem-14773	222	8	)	)	PUNCT
fbem-14773	222	9	(	(	PUNCT
fbem-14773	222	10	3.3730	3.3730	NUM
fbem-14773	222	11	)	)	PUNCT
fbem-14773	222	12	wlev	wlev	NOUN
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fbem-14773	222	14	*	*	PUNCT
fbem-14773	223	1	*	*	PUNCT
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fbem-14773	223	4	*	*	PUNCT
fbem-14773	223	5	*	*	PUNCT
fbem-14773	223	6	*	*	PUNCT
fbem-14773	223	7	(	(	PUNCT
fbem-14773	223	8	-11.0442	-11.0442	NUM
fbem-14773	223	9	)	)	PUNCT
fbem-14773	223	10	(	(	PUNCT
fbem-14773	223	11	-12.4625	-12.4625	NUM
fbem-14773	223	12	)	)	PUNCT
fbem-14773	223	13	wcapint	wcapint	NOUN
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fbem-14773	223	15	*	*	PUNCT
fbem-14773	223	16	*	*	PUNCT
fbem-14773	223	17	*	*	PUNCT
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fbem-14773	224	1	*	*	PUNCT
fbem-14773	224	2	*	*	PUNCT
fbem-14773	224	3	*	*	PUNCT
fbem-14773	224	4	(	(	PUNCT
fbem-14773	224	5	-12.8803	-12.8803	NOUN
fbem-14773	224	6	)	)	PUNCT
fbem-14773	224	7	(	(	PUNCT
fbem-14773	224	8	-14.7845	-14.7845	X
fbem-14773	224	9	)	)	PUNCT
fbem-14773	224	10	wroaa	wroaa	VERB
fbem-14773	224	11	0.0094	0.0094	NUM
fbem-14773	224	12	-0.0127	-0.0127	NOUN
fbem-14773	224	13	(	(	PUNCT
fbem-14773	224	14	0.2580	0.2580	NUM
fbem-14773	224	15	)	)	PUNCT
fbem-14773	224	16	(	(	PUNCT
fbem-14773	224	17	-0.2175	-0.2175	NOUN
fbem-14773	224	18	)	)	PUNCT
fbem-14773	224	19	wgrowrat	wgrowrat	PROPN
fbem-14773	225	1	-0.0031	-0.0031	VERB
fbem-14773	225	2	*	*	PUNCT
fbem-14773	226	1	*	*	PUNCT
fbem-14773	226	2	*	*	PUNCT
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fbem-14773	227	1	*	*	PUNCT
fbem-14773	227	2	*	*	PUNCT
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fbem-14773	227	4	(	(	PUNCT
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fbem-14773	227	6	)	)	PUNCT
fbem-14773	227	7	(	(	PUNCT
fbem-14773	227	8	-2.9288	-2.9288	NOUN
fbem-14773	227	9	)	)	PUNCT
fbem-14773	227	10	wcf	wcf	NOUN
fbem-14773	227	11	0.0904	0.0904	NUM
fbem-14773	227	12	*	*	PUNCT
fbem-14773	227	13	*	*	PUNCT
fbem-14773	227	14	*	*	PUNCT
fbem-14773	227	15	0.0688	0.0688	NUM
fbem-14773	227	16	*	*	PUNCT
fbem-14773	227	17	*	*	PUNCT
fbem-14773	227	18	(	(	PUNCT
fbem-14773	227	19	4.3806	4.3806	NUM
fbem-14773	227	20	)	)	PUNCT
fbem-14773	227	21	(	(	PUNCT
fbem-14773	227	22	2.1927	2.1927	NUM
fbem-14773	227	23	)	)	PUNCT
fbem-14773	227	24	wbdsize	wbdsize	VERB
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fbem-14773	227	26	*	*	PUNCT
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fbem-14773	227	28	*	*	PUNCT
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fbem-14773	227	30	(	(	PUNCT
fbem-14773	227	31	-3.5853	-3.5853	NOUN
fbem-14773	227	32	)	)	PUNCT
fbem-14773	227	33	(	(	PUNCT
fbem-14773	227	34	-0.4461	-0.4461	NOUN
fbem-14773	227	35	)	)	PUNCT
fbem-14773	227	36	windsize	windsize	PROPN
fbem-14773	227	37	-0.0405	-0.0405	PROPN
fbem-14773	227	38	0.0261	0.0261	NUM
fbem-14773	227	39	(	(	PUNCT
fbem-14773	227	40	-1.5395	-1.5395	PROPN
fbem-14773	227	41	)	)	PUNCT
fbem-14773	227	42	(	(	PUNCT
fbem-14773	227	43	0.6898	0.6898	NUM
fbem-14773	227	44	)	)	PUNCT
fbem-14773	227	45	same	same	ADJ
fbem-14773	227	46	0.0079	0.0079	NUM
fbem-14773	227	47	*	*	PUNCT
fbem-14773	227	48	*	*	PUNCT
fbem-14773	228	1	*	*	X
fbem-14773	228	2	0.0025	0.0025	NUM
fbem-14773	228	3	(	(	PUNCT
fbem-14773	228	4	2.6873	2.6873	NUM
fbem-14773	228	5	)	)	PUNCT
fbem-14773	228	6	(	(	PUNCT
fbem-14773	228	7	0.6449	0.6449	NUM
fbem-14773	228	8	)	)	PUNCT
fbem-14773	228	9	cgpro	cgpro	NOUN
fbem-14773	228	10	-0.0052	-0.0052	X
fbem-14773	229	1	0.0107	0.0107	NUM
fbem-14773	229	2	(	(	PUNCT
fbem-14773	229	3	-0.6086	-0.6086	NOUN
fbem-14773	229	4	)	)	PUNCT
fbem-14773	229	5	(	(	PUNCT
fbem-14773	229	6	0.8797	0.8797	NUM
fbem-14773	229	7	)	)	PUNCT
fbem-14773	229	8	wgdpgr	wgdpgr	VERB
fbem-14773	229	9	0.0380	0.0380	NUM
fbem-14773	229	10	0.0397	0.0397	NUM
fbem-14773	229	11	(	(	PUNCT
fbem-14773	229	12	1.0094	1.0094	NUM
fbem-14773	229	13	)	)	PUNCT
fbem-14773	229	14	(	(	PUNCT
fbem-14773	229	15	0.7261	0.7261	NUM
fbem-14773	229	16	)	)	PUNCT
fbem-14773	229	17	big4	big4	NOUN
fbem-14773	229	18	-0.0047	-0.0047	ADJ
fbem-14773	229	19	-0.0256	-0.0256	PUNCT
fbem-14773	230	1	*	*	PUNCT
fbem-14773	231	1	*	*	PUNCT
fbem-14773	231	2	*	*	PUNCT
fbem-14773	231	3	(	(	PUNCT
fbem-14773	231	4	-0.9059	-0.9059	PROPN
fbem-14773	231	5	)	)	PUNCT
fbem-14773	231	6	(	(	PUNCT
fbem-14773	231	7	-2.7526	-2.7526	X
fbem-14773	231	8	)	)	PUNCT
fbem-14773	232	1	_	_	NOUN
fbem-14773	232	2	cons	con	NOUN
fbem-14773	232	3	0.0597	0.0597	NUM
fbem-14773	232	4	0.0772	0.0772	NUM
fbem-14773	232	5	(	(	PUNCT
fbem-14773	232	6	1.0897	1.0897	NUM
fbem-14773	232	7	)	)	PUNCT
fbem-14773	232	8	(	(	PUNCT
fbem-14773	232	9	1.0884	1.0884	NUM
fbem-14773	232	10	)	)	PUNCT
fbem-14773	232	11	n	n	CCONJ
fbem-14773	232	12	3814	3814	NUM
fbem-14773	232	13	3542	3542	NUM
fbem-14773	232	14	adj	adj	PROPN
fbem-14773	232	15	.	.	PROPN
fbem-14773	233	1	r2	r2	PROPN
fbem-14773	233	2	0.195	0.195	NUM
fbem-14773	233	3	0.262	0.262	NUM
fbem-14773	233	4	t	t	NOUN
fbem-14773	233	5	statistics	statistic	NOUN
fbem-14773	233	6	in	in	ADP
fbem-14773	233	7	parentheses	parenthesis	NOUN
fbem-14773	233	8	*	*	PUNCT
fbem-14773	233	9	p	p	X
fbem-14773	233	10	<	<	X
fbem-14773	233	11	0.1	0.1	NUM
fbem-14773	233	12	,	,	PUNCT
fbem-14773	233	13	*	*	PUNCT
fbem-14773	233	14	*	*	PUNCT
fbem-14773	234	1	p	p	X
fbem-14773	234	2	<	<	X
fbem-14773	234	3	0.05	0.05	NUM
fbem-14773	234	4	,	,	PUNCT
fbem-14773	234	5	*	*	PUNCT
fbem-14773	234	6	*	*	PUNCT
fbem-14773	234	7	*	*	PUNCT
fbem-14773	235	1	p	p	X
fbem-14773	235	2	<	<	X
fbem-14773	235	3	0.01	0.01	NUM
fbem-14773	235	4	133	133	NUM
fbem-14773	235	5	5	5	NUM
fbem-14773	235	6	.	.	PUNCT
fbem-14773	235	7	further	further	ADJ
fbem-14773	235	8	research	research	VERB
fbem-14773	235	9	5.1	5.1	NUM
fbem-14773	235	10	.	.	PUNCT
fbem-14773	236	1	long	long	ADJ
fbem-14773	236	2	and	and	CCONJ
fbem-14773	236	3	short	short	ADJ
fbem-14773	236	4	term	term	NOUN
fbem-14773	236	5	assets	asset	NOUN
fbem-14773	236	6	long	long	ADJ
fbem-14773	236	7	-	-	PUNCT
fbem-14773	236	8	term	term	NOUN
fbem-14773	236	9	and	and	CCONJ
fbem-14773	236	10	short	short	ADJ
fbem-14773	236	11	-	-	PUNCT
fbem-14773	236	12	term	term	NOUN
fbem-14773	236	13	assets	asset	NOUN
fbem-14773	236	14	have	have	VERB
fbem-14773	236	15	different	different	ADJ
fbem-14773	236	16	benefits	benefit	NOUN
fbem-14773	236	17	for	for	ADP
fbem-14773	236	18	the	the	DET
fbem-14773	236	19	financial	financial	ADJ
fbem-14773	236	20	asset	asset	NOUN
fbem-14773	236	21	allocation	allocation	NOUN
fbem-14773	236	22	choices	choice	NOUN
fbem-14773	236	23	of	of	ADP
fbem-14773	236	24	enterprises	enterprise	NOUN
fbem-14773	236	25	due	due	ADP
fbem-14773	236	26	to	to	ADP
fbem-14773	236	27	their	their	PRON
fbem-14773	236	28	characteristics	characteristic	NOUN
fbem-14773	236	29	.	.	PUNCT
fbem-14773	237	1	some	some	DET
fbem-14773	237	2	scholars	scholar	NOUN
fbem-14773	237	3	believe	believe	VERB
fbem-14773	237	4	that	that	SCONJ
fbem-14773	237	5	short	short	ADJ
fbem-14773	237	6	-	-	PUNCT
fbem-14773	237	7	term	term	NOUN
fbem-14773	237	8	assets	asset	NOUN
fbem-14773	237	9	are	be	AUX
fbem-14773	237	10	more	more	ADV
fbem-14773	237	11	used	use	VERB
fbem-14773	237	12	as	as	ADP
fbem-14773	237	13	reserve	reserve	NOUN
fbem-14773	237	14	assets	asset	NOUN
fbem-14773	237	15	by	by	ADP
fbem-14773	237	16	enterprises	enterprise	NOUN
fbem-14773	237	17	,	,	PUNCT
fbem-14773	237	18	while	while	SCONJ
fbem-14773	237	19	long	long	ADJ
fbem-14773	237	20	-	-	PUNCT
fbem-14773	237	21	term	term	NOUN
fbem-14773	237	22	assets	asset	NOUN
fbem-14773	237	23	are	be	AUX
fbem-14773	237	24	used	use	VERB
fbem-14773	237	25	by	by	ADP
fbem-14773	237	26	enterprises	enterprise	NOUN
fbem-14773	237	27	as	as	ADP
fbem-14773	237	28	an	an	DET
fbem-14773	237	29	important	important	ADJ
fbem-14773	237	30	means	mean	NOUN
fbem-14773	237	31	of	of	ADP
fbem-14773	237	32	capital	capital	NOUN
fbem-14773	237	33	appreciation	appreciation	NOUN
fbem-14773	237	34	(	(	PUNCT
fbem-14773	237	35	kozlowski	kozlowski	PROPN
fbem-14773	237	36	,	,	PUNCT
fbem-14773	237	37	2021	2021	NUM
fbem-14773	237	38	)	)	PUNCT
fbem-14773	237	39	.	.	PUNCT
fbem-14773	238	1	at	at	ADP
fbem-14773	238	2	present	present	ADJ
fbem-14773	238	3	,	,	PUNCT
fbem-14773	238	4	due	due	ADP
fbem-14773	238	5	to	to	ADP
fbem-14773	238	6	the	the	DET
fbem-14773	238	7	immature	immature	ADJ
fbem-14773	238	8	market	market	NOUN
fbem-14773	238	9	mechanism	mechanism	NOUN
fbem-14773	238	10	and	and	CCONJ
fbem-14773	238	11	the	the	DET
fbem-14773	238	12	reason	reason	NOUN
fbem-14773	238	13	that	that	SCONJ
fbem-14773	238	14	enterprises	enterprise	NOUN
fbem-14773	238	15	are	be	AUX
fbem-14773	238	16	based	base	VERB
fbem-14773	238	17	on	on	ADP
fbem-14773	238	18	meeting	meet	VERB
fbem-14773	238	19	the	the	DET
fbem-14773	238	20	needs	need	NOUN
fbem-14773	238	21	of	of	ADP
fbem-14773	238	22	customers	customer	NOUN
fbem-14773	238	23	,	,	PUNCT
fbem-14773	238	24	they	they	PRON
fbem-14773	238	25	may	may	AUX
fbem-14773	238	26	make	make	VERB
fbem-14773	238	27	some	some	DET
fbem-14773	238	28	speculative	speculative	ADJ
fbem-14773	238	29	behaviors	behavior	NOUN
fbem-14773	238	30	to	to	PART
fbem-14773	238	31	ensure	ensure	VERB
fbem-14773	238	32	short	short	ADJ
fbem-14773	238	33	-	-	PUNCT
fbem-14773	238	34	term	term	NOUN
fbem-14773	238	35	benefits	benefit	NOUN
fbem-14773	238	36	regardless	regardless	ADV
fbem-14773	238	37	of	of	ADP
fbem-14773	238	38	long	long	ADJ
fbem-14773	238	39	-	-	PUNCT
fbem-14773	238	40	term	term	NOUN
fbem-14773	238	41	benefits	benefit	NOUN
fbem-14773	238	42	.	.	PUNCT
fbem-14773	239	1	such	such	ADJ
fbem-14773	239	2	shortsighted	shortsighted	ADJ
fbem-14773	239	3	behavior	behavior	NOUN
fbem-14773	239	4	is	be	AUX
fbem-14773	239	5	detrimental	detrimental	ADJ
fbem-14773	239	6	to	to	ADP
fbem-14773	239	7	the	the	DET
fbem-14773	239	8	long	long	ADJ
fbem-14773	239	9	-	-	PUNCT
fbem-14773	239	10	term	term	NOUN
fbem-14773	239	11	stability	stability	NOUN
fbem-14773	239	12	and	and	CCONJ
fbem-14773	239	13	customer	customer	NOUN
fbem-14773	239	14	stability	stability	NOUN
fbem-14773	239	15	of	of	ADP
fbem-14773	239	16	enterprises	enterprise	NOUN
fbem-14773	239	17	.	.	PUNCT
fbem-14773	240	1	the	the	DET
fbem-14773	240	2	table	table	NOUN
fbem-14773	240	3	9	9	NUM
fbem-14773	240	4	shows	show	VERB
fbem-14773	240	5	the	the	DET
fbem-14773	240	6	impact	impact	NOUN
fbem-14773	240	7	of	of	ADP
fbem-14773	240	8	the	the	DET
fbem-14773	240	9	allocation	allocation	NOUN
fbem-14773	240	10	of	of	ADP
fbem-14773	240	11	long	long	ADJ
fbem-14773	240	12	-	-	PUNCT
fbem-14773	240	13	term	term	NOUN
fbem-14773	240	14	and	and	CCONJ
fbem-14773	240	15	short	short	ADJ
fbem-14773	240	16	-	-	PUNCT
fbem-14773	240	17	term	term	NOUN
fbem-14773	240	18	assets	asset	NOUN
fbem-14773	240	19	of	of	ADP
fbem-14773	240	20	enterprises	enterprise	NOUN
fbem-14773	240	21	on	on	ADP
fbem-14773	240	22	the	the	DET
fbem-14773	240	23	overall	overall	ADJ
fbem-14773	240	24	financial	financial	ADJ
fbem-14773	240	25	asset	asset	NOUN
fbem-14773	240	26	allocation	allocation	NOUN
fbem-14773	240	27	of	of	ADP
fbem-14773	240	28	enterprises	enterprise	NOUN
fbem-14773	240	29	,	,	PUNCT
fbem-14773	240	30	based	base	VERB
fbem-14773	240	31	on	on	ADP
fbem-14773	240	32	the	the	DET
fbem-14773	240	33	transmission	transmission	NOUN
fbem-14773	240	34	mechanism	mechanism	NOUN
fbem-14773	240	35	of	of	ADP
fbem-14773	240	36	customer	customer	NOUN
fbem-14773	240	37	concentration	concentration	NOUN
fbem-14773	240	38	on	on	ADP
fbem-14773	240	39	the	the	DET
fbem-14773	240	40	financial	financial	ADJ
fbem-14773	240	41	asset	asset	NOUN
fbem-14773	240	42	allocation	allocation	NOUN
fbem-14773	240	43	of	of	ADP
fbem-14773	240	44	enterprises	enterprise	NOUN
fbem-14773	240	45	.	.	PUNCT
fbem-14773	241	1	columns	column	NOUN
fbem-14773	241	2	(	(	PUNCT
fbem-14773	241	3	1	1	NUM
fbem-14773	241	4	)	)	PUNCT
fbem-14773	241	5	and	and	CCONJ
fbem-14773	241	6	(	(	PUNCT
fbem-14773	241	7	2	2	X
fbem-14773	241	8	)	)	PUNCT
fbem-14773	241	9	of	of	ADP
fbem-14773	241	10	the	the	DET
fbem-14773	241	11	table	table	NOUN
fbem-14773	241	12	9	9	NUM
fbem-14773	241	13	show	show	VERB
fbem-14773	241	14	the	the	DET
fbem-14773	241	15	impact	impact	NOUN
fbem-14773	241	16	of	of	ADP
fbem-14773	241	17	the	the	DET
fbem-14773	241	18	transmission	transmission	NOUN
fbem-14773	241	19	mechanism	mechanism	NOUN
fbem-14773	241	20	when	when	SCONJ
fbem-14773	241	21	enterprises	enterprise	NOUN
fbem-14773	241	22	tend	tend	VERB
fbem-14773	241	23	to	to	PART
fbem-14773	241	24	allocate	allocate	VERB
fbem-14773	241	25	more	more	ADJ
fbem-14773	241	26	long	long	ADJ
fbem-14773	241	27	-	-	PUNCT
fbem-14773	241	28	term	term	NOUN
fbem-14773	241	29	assets	asset	NOUN
fbem-14773	241	30	.	.	PUNCT
fbem-14773	242	1	according	accord	VERB
fbem-14773	242	2	to	to	ADP
fbem-14773	242	3	the	the	DET
fbem-14773	242	4	regression	regression	NOUN
fbem-14773	242	5	results	result	NOUN
fbem-14773	242	6	,	,	PUNCT
fbem-14773	242	7	the	the	DET
fbem-14773	242	8	regression	regression	NOUN
fbem-14773	242	9	coefficients	coefficient	NOUN
fbem-14773	242	10	of	of	ADP
fbem-14773	242	11	variables	variables	PROPN
fbem-14773	242	12	cc3	cc3	PROPN
fbem-14773	242	13	,	,	PUNCT
fbem-14773	242	14	wcapint	wcapint	NOUN
fbem-14773	242	15	,	,	PUNCT
fbem-14773	242	16	wroaa	wroaa	NOUN
fbem-14773	242	17	,	,	PUNCT
fbem-14773	242	18	etc	etc	X
fbem-14773	242	19	.	.	X
fbem-14773	242	20	have	have	AUX
fbem-14773	242	21	passed	pass	VERB
fbem-14773	242	22	the	the	DET
fbem-14773	242	23	1	1	NUM
fbem-14773	242	24	%	%	NOUN
fbem-14773	242	25	significance	significance	NOUN
fbem-14773	242	26	level	level	NOUN
fbem-14773	242	27	test	test	NOUN
fbem-14773	242	28	.	.	PUNCT
fbem-14773	243	1	however	however	ADV
fbem-14773	243	2	,	,	PUNCT
fbem-14773	243	3	when	when	SCONJ
fbem-14773	243	4	the	the	DET
fbem-14773	243	5	variables	variable	NOUN
fbem-14773	243	6	are	be	AUX
fbem-14773	243	7	changed	change	VERB
fbem-14773	243	8	to	to	PART
fbem-14773	243	9	allocate	allocate	VERB
fbem-14773	243	10	shortterm	shortterm	PROPN
fbem-14773	243	11	assets	asset	NOUN
fbem-14773	243	12	,	,	PUNCT
fbem-14773	243	13	the	the	DET
fbem-14773	243	14	absolute	absolute	ADJ
fbem-14773	243	15	value	value	NOUN
fbem-14773	243	16	of	of	ADP
fbem-14773	243	17	the	the	DET
fbem-14773	243	18	regression	regression	NOUN
fbem-14773	243	19	coefficient	coefficient	NOUN
fbem-14773	243	20	is	be	AUX
fbem-14773	243	21	greater	great	ADJ
fbem-14773	243	22	than	than	ADP
fbem-14773	243	23	the	the	DET
fbem-14773	243	24	regression	regression	NOUN
fbem-14773	243	25	coefficient	coefficient	NOUN
fbem-14773	243	26	of	of	ADP
fbem-14773	243	27	the	the	DET
fbem-14773	243	28	previous	previous	ADJ
fbem-14773	243	29	sample	sample	NOUN
fbem-14773	243	30	group	group	NOUN
fbem-14773	243	31	.	.	PUNCT
fbem-14773	244	1	based	base	VERB
fbem-14773	244	2	on	on	ADP
fbem-14773	244	3	the	the	DET
fbem-14773	244	4	above	above	ADJ
fbem-14773	244	5	analysis	analysis	NOUN
fbem-14773	244	6	,	,	PUNCT
fbem-14773	244	7	it	it	PRON
fbem-14773	244	8	can	can	AUX
fbem-14773	244	9	be	be	AUX
fbem-14773	244	10	explained	explain	VERB
fbem-14773	244	11	that	that	SCONJ
fbem-14773	244	12	the	the	DET
fbem-14773	244	13	inhibitory	inhibitory	ADJ
fbem-14773	244	14	effect	effect	NOUN
fbem-14773	244	15	of	of	ADP
fbem-14773	244	16	customer	customer	NOUN
fbem-14773	244	17	concentration	concentration	NOUN
fbem-14773	244	18	on	on	ADP
fbem-14773	244	19	the	the	DET
fbem-14773	244	20	shortterm	shortterm	PROPN
fbem-14773	244	21	financial	financial	ADJ
fbem-14773	244	22	asset	asset	NOUN
fbem-14773	244	23	allocation	allocation	NOUN
fbem-14773	244	24	of	of	ADP
fbem-14773	244	25	enterprises	enterprise	NOUN
fbem-14773	244	26	is	be	AUX
fbem-14773	244	27	more	more	ADV
fbem-14773	244	28	significant	significant	ADJ
fbem-14773	244	29	.	.	PUNCT
fbem-14773	245	1	table	table	NOUN
fbem-14773	245	2	9	9	NUM
fbem-14773	245	3	.	.	PUNCT
fbem-14773	246	1	long	long	ADJ
fbem-14773	246	2	and	and	CCONJ
fbem-14773	246	3	short	short	ADJ
fbem-14773	246	4	term	term	NOUN
fbem-14773	246	5	assets	asset	NOUN
fbem-14773	246	6	results	result	NOUN
fbem-14773	246	7	(	(	PUNCT
fbem-14773	246	8	1	1	NUM
fbem-14773	246	9	)	)	PUNCT
fbem-14773	246	10	(	(	PUNCT
fbem-14773	246	11	2	2	X
fbem-14773	246	12	)	)	PUNCT
fbem-14773	246	13	l	l	NOUN
fbem-14773	246	14	s	s	PART
fbem-14773	246	15	cc3	cc3	PROPN
fbem-14773	246	16	-0.0054	-0.0054	PROPN
fbem-14773	246	17	*	*	PROPN
fbem-14773	246	18	*	*	PUNCT
fbem-14773	246	19	-0.0194	-0.0194	INTJ
fbem-14773	246	20	*	*	PUNCT
fbem-14773	246	21	*	*	PUNCT
fbem-14773	246	22	*	*	PUNCT
fbem-14773	246	23	(	(	PUNCT
fbem-14773	246	24	-2.4174	-2.4174	ADJ
fbem-14773	246	25	)	)	PUNCT
fbem-14773	246	26	(	(	PUNCT
fbem-14773	246	27	-4.2326	-4.2326	NOUN
fbem-14773	246	28	)	)	PUNCT
fbem-14773	246	29	wsizea	wsizea	NOUN
fbem-14773	246	30	-0.0002	-0.0002	NOUN
fbem-14773	246	31	0.0114	0.0114	PUNCT
fbem-14773	246	32	*	*	PUNCT
fbem-14773	246	33	*	*	PUNCT
fbem-14773	246	34	*	*	PUNCT
fbem-14773	246	35	(	(	PUNCT
fbem-14773	246	36	-0.4362	-0.4362	PROPN
fbem-14773	246	37	)	)	PUNCT
fbem-14773	246	38	(	(	PUNCT
fbem-14773	246	39	10.8841	10.8841	NUM
fbem-14773	246	40	)	)	PUNCT
fbem-14773	246	41	wlev	wlev	NOUN
fbem-14773	246	42	0.0038	0.0038	NUM
fbem-14773	246	43	-0.1387	-0.1387	NOUN
fbem-14773	246	44	*	*	PUNCT
fbem-14773	246	45	*	*	PUNCT
fbem-14773	246	46	*	*	PUNCT
fbem-14773	246	47	(	(	PUNCT
fbem-14773	246	48	1.2500	1.2500	NUM
fbem-14773	246	49	)	)	PUNCT
fbem-14773	246	50	(	(	PUNCT
fbem-14773	246	51	-22.1654	-22.1654	X
fbem-14773	246	52	)	)	PUNCT
fbem-14773	246	53	wcapint	wcapint	NOUN
fbem-14773	246	54	-0.0398	-0.0398	NOUN
fbem-14773	246	55	*	*	PUNCT
fbem-14773	246	56	*	*	PUNCT
fbem-14773	246	57	*	*	PUNCT
fbem-14773	246	58	-0.1232	-0.1232	NOUN
fbem-14773	246	59	*	*	PUNCT
fbem-14773	246	60	*	*	PUNCT
fbem-14773	246	61	*	*	PUNCT
fbem-14773	246	62	(	(	PUNCT
fbem-14773	246	63	-12.5419	-12.5419	NUM
fbem-14773	246	64	)	)	PUNCT
fbem-14773	246	65	(	(	PUNCT
fbem-14773	246	66	-18.8279	-18.8279	NOUN
fbem-14773	246	67	)	)	PUNCT
fbem-14773	246	68	wroaa	wroaa	NOUN
fbem-14773	246	69	-0.0795	-0.0795	NOUN
fbem-14773	246	70	*	*	PUNCT
fbem-14773	246	71	*	*	PUNCT
fbem-14773	246	72	*	*	PUNCT
fbem-14773	246	73	-0.0241	-0.0241	X
fbem-14773	246	74	(	(	PUNCT
fbem-14773	246	75	-5.5946	-5.5946	NOUN
fbem-14773	246	76	)	)	PUNCT
fbem-14773	246	77	(	(	PUNCT
fbem-14773	246	78	-0.8243	-0.8243	NOUN
fbem-14773	246	79	)	)	PUNCT
fbem-14773	246	80	wgrowrat	wgrowrat	PROPN
fbem-14773	246	81	-0.0001	-0.0001	NOUN
fbem-14773	246	82	-0.0010	-0.0010	PROPN
fbem-14773	246	83	(	(	PUNCT
fbem-14773	246	84	-0.2939	-0.2939	PROPN
fbem-14773	246	85	)	)	PUNCT
fbem-14773	246	86	(	(	PUNCT
fbem-14773	246	87	-1.2296	-1.2296	NOUN
fbem-14773	246	88	)	)	PUNCT
fbem-14773	246	89	wcf	wcf	NOUN
fbem-14773	246	90	0.0264	0.0264	NUM
fbem-14773	246	91	*	*	PUNCT
fbem-14773	246	92	*	*	PUNCT
fbem-14773	246	93	*	*	PUNCT
fbem-14773	246	94	0.0686	0.0686	NUM
fbem-14773	246	95	*	*	PUNCT
fbem-14773	246	96	*	*	PUNCT
fbem-14773	246	97	*	*	PUNCT
fbem-14773	246	98	(	(	PUNCT
fbem-14773	246	99	3.2440	3.2440	NUM
fbem-14773	246	100	)	)	PUNCT
fbem-14773	246	101	(	(	PUNCT
fbem-14773	246	102	4.0910	4.0910	NUM
fbem-14773	246	103	)	)	PUNCT
fbem-14773	246	104	wbdsize	wbdsize	VERB
fbem-14773	246	105	-0.0097	-0.0097	X
fbem-14773	246	106	*	*	PUNCT
fbem-14773	246	107	*	*	PUNCT
fbem-14773	246	108	*	*	NOUN
fbem-14773	246	109	-0.0142	-0.0142	X
fbem-14773	246	110	*	*	PUNCT
fbem-14773	246	111	*	*	PUNCT
fbem-14773	246	112	(	(	PUNCT
fbem-14773	246	113	-3.3007	-3.3007	NOUN
fbem-14773	246	114	)	)	PUNCT
fbem-14773	246	115	(	(	PUNCT
fbem-14773	246	116	-2.3528	-2.3528	NOUN
fbem-14773	246	117	)	)	PUNCT
fbem-14773	246	118	windsize	windsize	NOUN
fbem-14773	246	119	0.0093	0.0093	NUM
fbem-14773	246	120	-0.0140	-0.0140	NOUN
fbem-14773	246	121	(	(	PUNCT
fbem-14773	246	122	0.9171	0.9171	NUM
fbem-14773	246	123	)	)	PUNCT
fbem-14773	246	124	(	(	PUNCT
fbem-14773	246	125	-0.6705	-0.6705	NOUN
fbem-14773	246	126	)	)	PUNCT
fbem-14773	246	127	same	same	ADJ
fbem-14773	246	128	0.0017	0.0017	NUM
fbem-14773	246	129	0.0048	0.0048	NUM
fbem-14773	246	130	*	*	PUNCT
fbem-14773	246	131	*	*	PUNCT
fbem-14773	246	132	(	(	PUNCT
fbem-14773	246	133	1.5054	1.5054	NUM
fbem-14773	246	134	)	)	PUNCT
fbem-14773	246	135	(	(	PUNCT
fbem-14773	246	136	2.1229	2.1229	NUM
fbem-14773	246	137	)	)	PUNCT
fbem-14773	246	138	cgpro	cgpro	NOUN
fbem-14773	246	139	-0.0025	-0.0025	ADJ
fbem-14773	246	140	-0.0081	-0.0081	NOUN
fbem-14773	246	141	(	(	PUNCT
fbem-14773	246	142	-0.7964	-0.7964	ADJ
fbem-14773	246	143	)	)	PUNCT
fbem-14773	246	144	(	(	PUNCT
fbem-14773	246	145	-1.2369	-1.2369	X
fbem-14773	246	146	)	)	PUNCT
fbem-14773	246	147	big4	big4	PROPN
fbem-14773	246	148	-0.0027	-0.0027	NOUN
fbem-14773	246	149	-0.0149	-0.0149	NOUN
fbem-14773	246	150	*	*	PUNCT
fbem-14773	246	151	*	*	PUNCT
fbem-14773	246	152	*	*	PUNCT
fbem-14773	246	153	(	(	PUNCT
fbem-14773	246	154	-1.2319	-1.2319	NUM
fbem-14773	246	155	)	)	PUNCT
fbem-14773	246	156	(	(	PUNCT
fbem-14773	246	157	-3.3286	-3.3286	NOUN
fbem-14773	246	158	)	)	PUNCT
fbem-14773	246	159	wgdpgr	wgdpgr	VERB
fbem-14773	246	160	0.0082	0.0082	NUM
fbem-14773	246	161	-0.1033	-0.1033	NUM
fbem-14773	246	162	*	*	PUNCT
fbem-14773	246	163	*	*	PUNCT
fbem-14773	246	164	*	*	PUNCT
fbem-14773	246	165	(	(	PUNCT
fbem-14773	246	166	0.7279	0.7279	NUM
fbem-14773	246	167	)	)	PUNCT
fbem-14773	246	168	(	(	PUNCT
fbem-14773	246	169	-4.4377	-4.4377	NOUN
fbem-14773	246	170	)	)	PUNCT
fbem-14773	247	1	_	_	NOUN
fbem-14773	247	2	cons	con	NOUN
fbem-14773	247	3	0.0505	0.0505	NUM
fbem-14773	247	4	*	*	PUNCT
fbem-14773	247	5	*	*	PUNCT
fbem-14773	247	6	*	*	PUNCT
fbem-14773	247	7	-0.0641	-0.0641	PROPN
fbem-14773	247	8	*	*	PUNCT
fbem-14773	247	9	*	*	PUNCT
fbem-14773	247	10	(	(	PUNCT
fbem-14773	247	11	4.1276	4.1276	NUM
fbem-14773	247	12	)	)	PUNCT
fbem-14773	247	13	(	(	PUNCT
fbem-14773	247	14	-2.5380	-2.5380	X
fbem-14773	247	15	)	)	PUNCT
fbem-14773	247	16	n	n	CCONJ
fbem-14773	247	17	7356	7356	NUM
fbem-14773	247	18	7356	7356	NUM
fbem-14773	247	19	adj	adj	X
fbem-14773	247	20	.	.	PROPN
fbem-14773	248	1	r2	r2	PROPN
fbem-14773	248	2	0.032	0.032	NUM
fbem-14773	248	3	0.141	0.141	NUM
fbem-14773	248	4	t	t	NOUN
fbem-14773	248	5	statistics	statistic	NOUN
fbem-14773	248	6	in	in	ADP
fbem-14773	248	7	parentheses	parenthesis	NOUN
fbem-14773	248	8	*	*	PUNCT
fbem-14773	248	9	p	p	X
fbem-14773	248	10	<	<	X
fbem-14773	248	11	0.1	0.1	NUM
fbem-14773	248	12	,	,	PUNCT
fbem-14773	248	13	*	*	PUNCT
fbem-14773	248	14	*	*	PUNCT
fbem-14773	249	1	p	p	X
fbem-14773	249	2	<	<	X
fbem-14773	249	3	0.05	0.05	NUM
fbem-14773	249	4	,	,	PUNCT
fbem-14773	249	5	*	*	PUNCT
fbem-14773	249	6	*	*	PUNCT
fbem-14773	249	7	*	*	PUNCT
fbem-14773	250	1	p	p	X
fbem-14773	250	2	<	<	X
fbem-14773	250	3	0.01	0.01	NUM
fbem-14773	250	4	6	6	NUM
fbem-14773	250	5	.	.	PUNCT
fbem-14773	251	1	conclusions	conclusion	NOUN
fbem-14773	251	2	this	this	DET
fbem-14773	251	3	paper	paper	NOUN
fbem-14773	251	4	takes	take	VERB
fbem-14773	251	5	the	the	DET
fbem-14773	251	6	relationship	relationship	NOUN
fbem-14773	251	7	between	between	ADP
fbem-14773	251	8	customer	customer	NOUN
fbem-14773	251	9	relations	relation	NOUN
fbem-14773	251	10	and	and	CCONJ
fbem-14773	251	11	enterprise	enterprise	NOUN
fbem-14773	251	12	financial	financial	ADJ
fbem-14773	251	13	asset	asset	NOUN
fbem-14773	251	14	allocation	allocation	NOUN
fbem-14773	251	15	as	as	ADP
fbem-14773	251	16	the	the	DET
fbem-14773	251	17	entry	entry	NOUN
fbem-14773	251	18	point	point	NOUN
fbem-14773	251	19	,	,	PUNCT
fbem-14773	251	20	and	and	CCONJ
fbem-14773	251	21	discusses	discuss	VERB
fbem-14773	251	22	the	the	DET
fbem-14773	251	23	impact	impact	NOUN
fbem-14773	251	24	of	of	ADP
fbem-14773	251	25	customer	customer	NOUN
fbem-14773	251	26	concentration	concentration	NOUN
fbem-14773	251	27	on	on	ADP
fbem-14773	251	28	enterprise	enterprise	NOUN
fbem-14773	251	29	financial	financial	ADJ
fbem-14773	251	30	asset	asset	NOUN
fbem-14773	251	31	allocation	allocation	NOUN
fbem-14773	251	32	in	in	ADP
fbem-14773	251	33	detail	detail	NOUN
fbem-14773	251	34	.	.	PUNCT
fbem-14773	252	1	through	through	ADP
fbem-14773	252	2	robustness	robustness	NOUN
fbem-14773	252	3	test	test	NOUN
fbem-14773	252	4	and	and	CCONJ
fbem-14773	252	5	endogeneity	endogeneity	NOUN
fbem-14773	252	6	test	test	NOUN
fbem-14773	252	7	,	,	PUNCT
fbem-14773	252	8	it	it	PRON
fbem-14773	252	9	proves	prove	VERB
fbem-14773	252	10	that	that	SCONJ
fbem-14773	252	11	the	the	DET
fbem-14773	252	12	inhibitory	inhibitory	ADJ
fbem-14773	252	13	effect	effect	NOUN
fbem-14773	252	14	of	of	ADP
fbem-14773	252	15	customer	customer	NOUN
fbem-14773	252	16	concentration	concentration	NOUN
fbem-14773	252	17	on	on	ADP
fbem-14773	252	18	the	the	DET
fbem-14773	252	19	financial	financial	ADJ
fbem-14773	252	20	asset	asset	NOUN
fbem-14773	252	21	allocation	allocation	NOUN
fbem-14773	252	22	of	of	ADP
fbem-14773	252	23	enterprises	enterprise	NOUN
fbem-14773	252	24	is	be	AUX
fbem-14773	252	25	robust	robust	ADJ
fbem-14773	252	26	and	and	CCONJ
fbem-14773	252	27	reliable	reliable	ADJ
fbem-14773	252	28	.	.	PUNCT
fbem-14773	253	1	in	in	ADP
fbem-14773	253	2	the	the	DET
fbem-14773	253	3	mechanism	mechanism	NOUN
fbem-14773	253	4	test	test	NOUN
fbem-14773	253	5	part	part	NOUN
fbem-14773	253	6	,	,	PUNCT
fbem-14773	253	7	three	three	NUM
fbem-14773	253	8	moderating	moderate	VERB
fbem-14773	253	9	variables	variable	NOUN
fbem-14773	253	10	,	,	PUNCT
fbem-14773	253	11	information	information	NOUN
fbem-14773	253	12	asymmetry	asymmetry	NOUN
fbem-14773	253	13	,	,	PUNCT
fbem-14773	253	14	financing	financing	NOUN
fbem-14773	253	15	constraints	constraint	NOUN
fbem-14773	253	16	and	and	CCONJ
fbem-14773	253	17	inventory	inventory	NOUN
fbem-14773	253	18	turnover	turnover	NOUN
fbem-14773	253	19	,	,	PUNCT
fbem-14773	253	20	are	be	AUX
fbem-14773	253	21	added	add	VERB
fbem-14773	253	22	to	to	PART
fbem-14773	253	23	study	study	VERB
fbem-14773	253	24	the	the	DET
fbem-14773	253	25	moderating	moderate	VERB
fbem-14773	253	26	effect	effect	NOUN
fbem-14773	253	27	of	of	ADP
fbem-14773	253	28	these	these	DET
fbem-14773	253	29	three	three	NUM
fbem-14773	253	30	variables	variable	NOUN
fbem-14773	253	31	on	on	ADP
fbem-14773	253	32	the	the	DET
fbem-14773	253	33	main	main	ADJ
fbem-14773	253	34	transmission	transmission	NOUN
fbem-14773	253	35	mechanism	mechanism	NOUN
fbem-14773	253	36	of	of	ADP
fbem-14773	253	37	the	the	DET
fbem-14773	253	38	study	study	NOUN
fbem-14773	253	39	.	.	PUNCT
fbem-14773	254	1	the	the	DET
fbem-14773	254	2	study	study	NOUN
fbem-14773	254	3	shows	show	VERB
fbem-14773	254	4	that	that	SCONJ
fbem-14773	254	5	the	the	DET
fbem-14773	254	6	increase	increase	NOUN
fbem-14773	254	7	of	of	ADP
fbem-14773	254	8	information	information	NOUN
fbem-14773	254	9	asymmetry	asymmetry	NOUN
fbem-14773	254	10	and	and	CCONJ
fbem-14773	254	11	financing	financing	NOUN
fbem-14773	254	12	constraints	constraint	NOUN
fbem-14773	254	13	aggravates	aggravate	VERB
fbem-14773	254	14	the	the	DET
fbem-14773	254	15	inhibitory	inhibitory	ADJ
fbem-14773	254	16	effect	effect	NOUN
fbem-14773	254	17	of	of	ADP
fbem-14773	254	18	customer	customer	NOUN
fbem-14773	254	19	concentration	concentration	NOUN
fbem-14773	254	20	on	on	ADP
fbem-14773	254	21	the	the	DET
fbem-14773	254	22	financial	financial	ADJ
fbem-14773	254	23	asset	asset	NOUN
fbem-14773	254	24	allocation	allocation	NOUN
fbem-14773	254	25	of	of	ADP
fbem-14773	254	26	enterprises	enterprise	NOUN
fbem-14773	254	27	,	,	PUNCT
fbem-14773	254	28	while	while	SCONJ
fbem-14773	254	29	the	the	DET
fbem-14773	254	30	lower	low	ADJ
fbem-14773	254	31	inventory	inventory	NOUN
fbem-14773	254	32	turnover	turnover	NOUN
fbem-14773	254	33	has	have	VERB
fbem-14773	254	34	a	a	DET
fbem-14773	254	35	significant	significant	ADJ
fbem-14773	254	36	inhibitory	inhibitory	ADJ
fbem-14773	254	37	effect	effect	NOUN
fbem-14773	254	38	on	on	ADP
fbem-14773	254	39	the	the	DET
fbem-14773	254	40	customer	customer	NOUN
fbem-14773	254	41	concentration	concentration	NOUN
fbem-14773	254	42	on	on	ADP
fbem-14773	254	43	134	134	NUM
fbem-14773	254	44	the	the	DET
fbem-14773	254	45	financial	financial	ADJ
fbem-14773	254	46	asset	asset	NOUN
fbem-14773	254	47	allocation	allocation	NOUN
fbem-14773	254	48	of	of	ADP
fbem-14773	254	49	enterprises	enterprise	NOUN
fbem-14773	254	50	.	.	PUNCT
fbem-14773	255	1	finally	finally	ADV
fbem-14773	255	2	,	,	PUNCT
fbem-14773	255	3	through	through	ADP
fbem-14773	255	4	further	further	ADJ
fbem-14773	255	5	analysis	analysis	NOUN
fbem-14773	255	6	,	,	PUNCT
fbem-14773	255	7	the	the	DET
fbem-14773	255	8	paper	paper	NOUN
fbem-14773	255	9	studies	study	VERB
fbem-14773	255	10	the	the	DET
fbem-14773	255	11	role	role	NOUN
fbem-14773	255	12	of	of	ADP
fbem-14773	255	13	long	long	ADJ
fbem-14773	255	14	-	-	PUNCT
fbem-14773	255	15	term	term	NOUN
fbem-14773	255	16	and	and	CCONJ
fbem-14773	255	17	short	short	ADJ
fbem-14773	255	18	-	-	PUNCT
fbem-14773	255	19	term	term	NOUN
fbem-14773	255	20	assets	asset	NOUN
fbem-14773	255	21	on	on	ADP
fbem-14773	255	22	the	the	DET
fbem-14773	255	23	transmission	transmission	NOUN
fbem-14773	255	24	mechanism	mechanism	NOUN
fbem-14773	255	25	,	,	PUNCT
fbem-14773	255	26	and	and	CCONJ
fbem-14773	255	27	finds	find	VERB
fbem-14773	255	28	that	that	SCONJ
fbem-14773	255	29	the	the	DET
fbem-14773	255	30	inhibitory	inhibitory	ADJ
fbem-14773	255	31	effect	effect	NOUN
fbem-14773	255	32	of	of	ADP
fbem-14773	255	33	customer	customer	NOUN
fbem-14773	255	34	concentration	concentration	NOUN
fbem-14773	255	35	on	on	ADP
fbem-14773	255	36	the	the	DET
fbem-14773	255	37	short	short	ADJ
fbem-14773	255	38	-	-	PUNCT
fbem-14773	255	39	term	term	NOUN
fbem-14773	255	40	financial	financial	ADJ
fbem-14773	255	41	asset	asset	NOUN
fbem-14773	255	42	allocation	allocation	NOUN
fbem-14773	255	43	of	of	ADP
fbem-14773	255	44	enterprises	enterprise	NOUN
fbem-14773	255	45	is	be	AUX
fbem-14773	255	46	more	more	ADV
fbem-14773	255	47	significant	significant	ADJ
fbem-14773	255	48	.	.	PUNCT
fbem-14773	256	1	this	this	DET
fbem-14773	256	2	paper	paper	NOUN
fbem-14773	256	3	also	also	ADV
fbem-14773	256	4	has	have	VERB
fbem-14773	256	5	some	some	DET
fbem-14773	256	6	theoretical	theoretical	ADJ
fbem-14773	256	7	significance	significance	NOUN
fbem-14773	256	8	,	,	PUNCT
fbem-14773	256	9	filling	fill	VERB
fbem-14773	256	10	the	the	DET
fbem-14773	256	11	gap	gap	NOUN
fbem-14773	256	12	in	in	ADP
fbem-14773	256	13	the	the	DET
fbem-14773	256	14	current	current	ADJ
fbem-14773	256	15	theoretical	theoretical	ADJ
fbem-14773	256	16	research	research	NOUN
fbem-14773	256	17	on	on	ADP
fbem-14773	256	18	the	the	DET
fbem-14773	256	19	relationship	relationship	NOUN
fbem-14773	256	20	between	between	ADP
fbem-14773	256	21	customer	customer	NOUN
fbem-14773	256	22	relations	relation	NOUN
fbem-14773	256	23	and	and	CCONJ
fbem-14773	256	24	enterprise	enterprise	NOUN
fbem-14773	256	25	financial	financial	ADJ
fbem-14773	256	26	asset	asset	NOUN
fbem-14773	256	27	allocation	allocation	NOUN
fbem-14773	256	28	.	.	PUNCT
fbem-14773	257	1	at	at	ADP
fbem-14773	257	2	the	the	DET
fbem-14773	257	3	same	same	ADJ
fbem-14773	257	4	time	time	NOUN
fbem-14773	257	5	,	,	PUNCT
fbem-14773	257	6	this	this	DET
fbem-14773	257	7	paper	paper	NOUN
fbem-14773	257	8	also	also	ADV
fbem-14773	257	9	has	have	VERB
fbem-14773	257	10	some	some	DET
fbem-14773	257	11	practical	practical	ADJ
fbem-14773	257	12	and	and	CCONJ
fbem-14773	257	13	policy	policy	NOUN
fbem-14773	257	14	implications	implication	NOUN
fbem-14773	257	15	:	:	PUNCT
fbem-14773	257	16	1	1	X
fbem-14773	257	17	.	.	PUNCT
fbem-14773	257	18	to	to	PART
fbem-14773	257	19	pay	pay	VERB
fbem-14773	257	20	more	more	ADJ
fbem-14773	257	21	attention	attention	NOUN
fbem-14773	257	22	to	to	ADP
fbem-14773	257	23	the	the	DET
fbem-14773	257	24	phenomenon	phenomenon	NOUN
fbem-14773	257	25	of	of	ADP
fbem-14773	257	26	real	real	ADJ
fbem-14773	257	27	-	-	PUNCT
fbem-14773	257	28	to	to	ADP
fbem-14773	257	29	-	-	PUNCT
fbem-14773	257	30	virtual	virtual	ADJ
fbem-14773	257	31	transformation	transformation	NOUN
fbem-14773	257	32	of	of	ADP
fbem-14773	257	33	real	real	ADJ
fbem-14773	257	34	enterprises	enterprise	NOUN
fbem-14773	257	35	,	,	PUNCT
fbem-14773	257	36	and	and	CCONJ
fbem-14773	257	37	firmly	firmly	ADV
fbem-14773	257	38	grasp	grasp	VERB
fbem-14773	257	39	the	the	DET
fbem-14773	257	40	main	main	ADJ
fbem-14773	257	41	role	role	NOUN
fbem-14773	257	42	of	of	ADP
fbem-14773	257	43	the	the	DET
fbem-14773	257	44	real	real	ADJ
fbem-14773	257	45	economy	economy	NOUN
fbem-14773	257	46	as	as	ADP
fbem-14773	257	47	the	the	DET
fbem-14773	257	48	economy	economy	NOUN
fbem-14773	257	49	;	;	PUNCT
fbem-14773	257	50	2	2	X
fbem-14773	257	51	.	.	X
fbem-14773	257	52	to	to	PART
fbem-14773	257	53	continuously	continuously	ADV
fbem-14773	257	54	promote	promote	VERB
fbem-14773	257	55	the	the	DET
fbem-14773	257	56	market	market	NOUN
fbem-14773	257	57	system	system	NOUN
fbem-14773	257	58	reform	reform	NOUN
fbem-14773	257	59	,	,	PUNCT
fbem-14773	257	60	transform	transform	VERB
fbem-14773	257	61	the	the	DET
fbem-14773	257	62	relationship	relationship	NOUN
fbem-14773	257	63	orientation	orientation	NOUN
fbem-14773	257	64	into	into	ADP
fbem-14773	257	65	market	market	NOUN
fbem-14773	257	66	orientation	orientation	NOUN
fbem-14773	257	67	,	,	PUNCT
fbem-14773	257	68	increase	increase	VERB
fbem-14773	257	69	the	the	DET
fbem-14773	257	70	supply	supply	NOUN
fbem-14773	257	71	-	-	PUNCT
fbem-14773	257	72	side	side	NOUN
fbem-14773	257	73	structural	structural	ADJ
fbem-14773	257	74	reform	reform	NOUN
fbem-14773	257	75	of	of	ADP
fbem-14773	257	76	financial	financial	ADJ
fbem-14773	257	77	services	service	NOUN
fbem-14773	257	78	,	,	PUNCT
fbem-14773	257	79	and	and	CCONJ
fbem-14773	257	80	maximize	maximize	VERB
fbem-14773	257	81	the	the	DET
fbem-14773	257	82	role	role	NOUN
fbem-14773	257	83	of	of	ADP
fbem-14773	257	84	financialization	financialization	NOUN
fbem-14773	257	85	in	in	ADP
fbem-14773	257	86	improving	improve	VERB
fbem-14773	257	87	the	the	DET
fbem-14773	257	88	asset	asset	NOUN
fbem-14773	257	89	allocation	allocation	NOUN
fbem-14773	257	90	efficiency	efficiency	NOUN
fbem-14773	257	91	of	of	ADP
fbem-14773	257	92	real	real	ADJ
fbem-14773	257	93	enterprises	enterprise	NOUN
fbem-14773	257	94	;	;	PUNCT
fbem-14773	257	95	3	3	X
fbem-14773	257	96	.	.	X
fbem-14773	257	97	to	to	PART
fbem-14773	257	98	improve	improve	VERB
fbem-14773	257	99	the	the	DET
fbem-14773	257	100	market	market	NOUN
fbem-14773	257	101	supervision	supervision	NOUN
fbem-14773	257	102	mechanism	mechanism	NOUN
fbem-14773	257	103	and	and	CCONJ
fbem-14773	257	104	supply	supply	NOUN
fbem-14773	257	105	chain	chain	NOUN
fbem-14773	257	106	construction	construction	NOUN
fbem-14773	257	107	,	,	PUNCT
fbem-14773	257	108	strengthen	strengthen	VERB
fbem-14773	257	109	the	the	DET
fbem-14773	257	110	construction	construction	NOUN
fbem-14773	257	111	of	of	ADP
fbem-14773	257	112	digital	digital	ADJ
fbem-14773	257	113	economy	economy	NOUN
fbem-14773	257	114	,	,	PUNCT
fbem-14773	257	115	and	and	CCONJ
fbem-14773	257	116	better	well	ADV
fbem-14773	257	117	serve	serve	VERB
fbem-14773	257	118	the	the	DET
fbem-14773	257	119	cooperation	cooperation	NOUN
fbem-14773	257	120	needs	need	NOUN
fbem-14773	257	121	of	of	ADP
fbem-14773	257	122	enterprises	enterprise	NOUN
fbem-14773	257	123	.	.	PUNCT
fbem-14773	258	1	references	reference	NOUN
fbem-14773	258	2	[	[	X
fbem-14773	258	3	1	1	NUM
fbem-14773	258	4	]	]	X
fbem-14773	258	5	shi	shi	PROPN
fbem-14773	258	6	,	,	PUNCT
fbem-14773	258	7	w.	w.	PROPN
fbem-14773	258	8	(	(	PUNCT
fbem-14773	258	9	2021	2021	NUM
fbem-14773	258	10	)	)	PUNCT
fbem-14773	258	11	.	.	PUNCT
fbem-14773	259	1	analyzing	analyze	VERB
fbem-14773	259	2	enterprise	enterprise	NOUN
fbem-14773	259	3	asset	asset	NOUN
fbem-14773	259	4	structure	structure	NOUN
fbem-14773	259	5	and	and	CCONJ
fbem-14773	259	6	profitability	profitability	NOUN
fbem-14773	259	7	using	use	VERB
fbem-14773	259	8	cloud	cloud	NOUN
fbem-14773	259	9	computing	computing	NOUN
fbem-14773	259	10	and	and	CCONJ
fbem-14773	259	11	strategic	strategic	ADJ
fbem-14773	259	12	management	management	NOUN
fbem-14773	259	13	accounting	accounting	NOUN
fbem-14773	259	14	.	.	PUNCT
fbem-14773	260	1	plos	plos	PROPN
fbem-14773	260	2	one	one	NUM
fbem-14773	260	3	,	,	PUNCT
fbem-14773	260	4	16(9	16(9	NUM
fbem-14773	260	5	)	)	PUNCT
fbem-14773	260	6	,	,	PUNCT
fbem-14773	260	7	e0257826	e0257826	PROPN
fbem-14773	260	8	.	.	PUNCT
fbem-14773	261	1	[	[	X
fbem-14773	261	2	2	2	NUM
fbem-14773	261	3	]	]	X
fbem-14773	261	4	de	de	X
fbem-14773	261	5	franco	franco	PROPN
fbem-14773	261	6	,	,	PUNCT
fbem-14773	261	7	g.	g.	PROPN
fbem-14773	261	8	,	,	PUNCT
fbem-14773	261	9	kothari	kothari	PROPN
fbem-14773	261	10	,	,	PUNCT
fbem-14773	261	11	s.	s.	PROPN
fbem-14773	261	12	p.	p.	PROPN
fbem-14773	261	13	,	,	PUNCT
fbem-14773	261	14	&	&	CCONJ
fbem-14773	261	15	verdi	verdi	PROPN
fbem-14773	261	16	,	,	PUNCT
fbem-14773	261	17	r.	r.	PROPN
fbem-14773	261	18	s.	s.	PROPN
fbem-14773	261	19	(	(	PUNCT
fbem-14773	261	20	2011	2011	NUM
fbem-14773	261	21	)	)	PUNCT
fbem-14773	261	22	.	.	PUNCT
fbem-14773	262	1	the	the	DET
fbem-14773	262	2	benefits	benefit	NOUN
fbem-14773	262	3	of	of	ADP
fbem-14773	262	4	financial	financial	ADJ
fbem-14773	262	5	statement	statement	NOUN
fbem-14773	262	6	comparability	comparability	NOUN
fbem-14773	262	7	.	.	PUNCT
fbem-14773	263	1	journal	journal	NOUN
fbem-14773	263	2	of	of	ADP
fbem-14773	263	3	accounting	accounting	NOUN
fbem-14773	263	4	research	research	NOUN
fbem-14773	263	5	,	,	PUNCT
fbem-14773	263	6	49(4	49(4	NOUN
fbem-14773	263	7	)	)	PUNCT
fbem-14773	263	8	,	,	PUNCT
fbem-14773	263	9	895	895	NUM
fbem-14773	263	10	-	-	SYM
fbem-14773	263	11	931	931	NUM
fbem-14773	263	12	.	.	PUNCT
fbem-14773	264	1	[	[	X
fbem-14773	264	2	3	3	NUM
fbem-14773	264	3	]	]	X
fbem-14773	264	4	jouanjean	jouanjean	ADJ
fbem-14773	264	5	,	,	PUNCT
fbem-14773	264	6	m.	m.	NOUN
fbem-14773	264	7	a.	a.	PROPN
fbem-14773	264	8	,	,	PUNCT
fbem-14773	264	9	massa	massa	PROPN
fbem-14773	264	10	,	,	PUNCT
fbem-14773	264	11	i.	i.	PROPN
fbem-14773	264	12	,	,	PUNCT
fbem-14773	264	13	&	&	CCONJ
fbem-14773	264	14	ve	ve	VERB
fbem-14773	264	15	velde	velde	PROPN
fbem-14773	264	16	,	,	PUNCT
fbem-14773	264	17	d.	d.	PROPN
fbem-14773	264	18	w.	w.	PROPN
fbem-14773	264	19	(	(	PUNCT
fbem-14773	264	20	2015	2015	NUM
fbem-14773	264	21	)	)	PUNCT
fbem-14773	264	22	.	.	PUNCT
fbem-14773	265	1	the	the	DET
fbem-14773	265	2	role	role	NOUN
fbem-14773	265	3	of	of	ADP
fbem-14773	265	4	development	development	NOUN
fbem-14773	265	5	finance	finance	NOUN
fbem-14773	265	6	institutions	institution	NOUN
fbem-14773	265	7	in	in	ADP
fbem-14773	265	8	promoting	promote	VERB
fbem-14773	265	9	jobs	job	NOUN
fbem-14773	265	10	and	and	CCONJ
fbem-14773	265	11	structural	structural	ADJ
fbem-14773	265	12	transformation	transformation	NOUN
fbem-14773	265	13	.	.	PUNCT
fbem-14773	266	1	development	development	NOUN
fbem-14773	266	2	finance	finance	NOUN
fbem-14773	266	3	agenda	agenda	NOUN
fbem-14773	266	4	(	(	PUNCT
fbem-14773	266	5	defa	defa	PROPN
fbem-14773	266	6	)	)	PUNCT
fbem-14773	266	7	,	,	PUNCT
fbem-14773	266	8	1(1	1(1	NUM
fbem-14773	266	9	)	)	PUNCT
fbem-14773	266	10	,	,	PUNCT
fbem-14773	266	11	16	16	NUM
fbem-14773	266	12	-	-	SYM
fbem-14773	266	13	21	21	NUM
fbem-14773	266	14	.	.	PUNCT
fbem-14773	267	1	[	[	X
fbem-14773	267	2	4	4	NUM
fbem-14773	267	3	]	]	PUNCT
fbem-14773	267	4	wongsinhirun	wongsinhirun	NOUN
fbem-14773	267	5	,	,	PUNCT
fbem-14773	267	6	n.	n.	NOUN
fbem-14773	267	7	,	,	PUNCT
fbem-14773	267	8	chatjuthamard	chatjuthamard	NOUN
fbem-14773	267	9	,	,	PUNCT
fbem-14773	267	10	p.	p.	NOUN
fbem-14773	267	11	,	,	PUNCT
fbem-14773	267	12	jiraporn	jiraporn	NOUN
fbem-14773	267	13	,	,	PUNCT
fbem-14773	267	14	p.	p.	PROPN
fbem-14773	267	15	,	,	PUNCT
fbem-14773	267	16	&	&	CCONJ
fbem-14773	267	17	lee	lee	PROPN
fbem-14773	267	18	,	,	PUNCT
fbem-14773	267	19	s.	s.	PROPN
fbem-14773	267	20	m.	m.	PROPN
fbem-14773	267	21	(	(	PUNCT
fbem-14773	267	22	2023	2023	NUM
fbem-14773	267	23	)	)	PUNCT
fbem-14773	267	24	.	.	PUNCT
fbem-14773	268	1	customer	customer	NOUN
fbem-14773	268	2	concentration	concentration	NOUN
fbem-14773	268	3	and	and	CCONJ
fbem-14773	268	4	shareholder	shareholder	NOUN
fbem-14773	268	5	litigation	litigation	NOUN
fbem-14773	268	6	risk	risk	NOUN
fbem-14773	268	7	:	:	PUNCT
fbem-14773	268	8	evidence	evidence	NOUN
fbem-14773	268	9	from	from	ADP
fbem-14773	268	10	a	a	DET
fbem-14773	268	11	quasi	quasi	ADJ
fbem-14773	268	12	-	-	ADJ
fbem-14773	268	13	natural	natural	ADJ
fbem-14773	268	14	experiment	experiment	NOUN
fbem-14773	268	15	.	.	PUNCT
fbem-14773	269	1	journal	journal	NOUN
fbem-14773	269	2	of	of	ADP
fbem-14773	269	3	behavioral	behavioral	ADJ
fbem-14773	269	4	and	and	CCONJ
fbem-14773	269	5	experimental	experimental	ADJ
fbem-14773	269	6	finance	finance	NOUN
fbem-14773	269	7	,	,	PUNCT
fbem-14773	269	8	100862	100862	NUM
fbem-14773	269	9	.	.	PUNCT
fbem-14773	270	1	[	[	X
fbem-14773	270	2	5	5	NUM
fbem-14773	270	3	]	]	PUNCT
fbem-14773	270	4	thrassou	thrassou	NOUN
fbem-14773	270	5	,	,	PUNCT
fbem-14773	270	6	a.	a.	PROPN
fbem-14773	270	7	,	,	PUNCT
fbem-14773	270	8	&	&	CCONJ
fbem-14773	270	9	vrontis	vrontis	PROPN
fbem-14773	270	10	,	,	PUNCT
fbem-14773	270	11	d.	d.	PROPN
fbem-14773	270	12	(	(	PUNCT
fbem-14773	270	13	2009	2009	NUM
fbem-14773	270	14	)	)	PUNCT
fbem-14773	270	15	.	.	PUNCT
fbem-14773	271	1	a	a	DET
fbem-14773	271	2	new	new	ADJ
fbem-14773	271	3	consumer	consumer	NOUN
fbem-14773	271	4	relationship	relationship	NOUN
fbem-14773	271	5	model	model	NOUN
fbem-14773	271	6	:	:	PUNCT
fbem-14773	271	7	the	the	DET
fbem-14773	271	8	marketing	marketing	NOUN
fbem-14773	271	9	communications	communication	NOUN
fbem-14773	271	10	application	application	NOUN
fbem-14773	271	11	.	.	PUNCT
fbem-14773	272	1	journal	journal	PROPN
fbem-14773	272	2	of	of	ADP
fbem-14773	272	3	promotion	promotion	NOUN
fbem-14773	272	4	management	management	NOUN
fbem-14773	272	5	,	,	PUNCT
fbem-14773	272	6	15(4	15(4	NUM
fbem-14773	272	7	)	)	PUNCT
fbem-14773	272	8	,	,	PUNCT
fbem-14773	272	9	499	499	NUM
fbem-14773	272	10	-	-	SYM
fbem-14773	272	11	521	521	NUM
fbem-14773	272	12	.	.	PUNCT
fbem-14773	273	1	[	[	X
fbem-14773	273	2	6	6	NUM
fbem-14773	273	3	]	]	X
fbem-14773	273	4	greiner	greiner	PROPN
fbem-14773	273	5	,	,	PUNCT
fbem-14773	273	6	m.	m.	PROPN
fbem-14773	273	7	e.	e.	PROPN
fbem-14773	273	8	,	,	PUNCT
fbem-14773	273	9	&	&	CCONJ
fbem-14773	273	10	wang	wang	PROPN
fbem-14773	273	11	,	,	PUNCT
fbem-14773	273	12	h.	h.	PROPN
fbem-14773	273	13	(	(	PUNCT
fbem-14773	273	14	2010	2010	NUM
fbem-14773	273	15	)	)	PUNCT
fbem-14773	273	16	.	.	PUNCT
fbem-14773	274	1	building	build	VERB
fbem-14773	274	2	consumer	consumer	NOUN
fbem-14773	274	3	-	-	PUNCT
fbem-14773	274	4	toconsumer	toconsumer	NOUN
fbem-14773	274	5	trust	trust	NOUN
fbem-14773	274	6	in	in	ADP
fbem-14773	274	7	e	e	NOUN
fbem-14773	274	8	-	-	NOUN
fbem-14773	274	9	finance	finance	ADJ
fbem-14773	274	10	marketplaces	marketplace	NOUN
fbem-14773	274	11	:	:	PUNCT
fbem-14773	274	12	an	an	DET
fbem-14773	274	13	empirical	empirical	ADJ
fbem-14773	274	14	analysis	analysis	NOUN
fbem-14773	274	15	.	.	PUNCT
fbem-14773	275	1	international	international	ADJ
fbem-14773	275	2	journal	journal	PROPN
fbem-14773	275	3	of	of	ADP
fbem-14773	275	4	electronic	electronic	ADJ
fbem-14773	275	5	commerce	commerce	NOUN
fbem-14773	275	6	,	,	PUNCT
fbem-14773	275	7	15(2	15(2	NUM
fbem-14773	275	8	)	)	PUNCT
fbem-14773	275	9	,	,	PUNCT
fbem-14773	275	10	105	105	NUM
fbem-14773	275	11	-	-	SYM
fbem-14773	275	12	136	136	NUM
fbem-14773	275	13	.	.	PUNCT
fbem-14773	276	1	[	[	X
fbem-14773	276	2	7	7	NUM
fbem-14773	276	3	]	]	X
fbem-14773	276	4	hui	hui	PROPN
fbem-14773	276	5	,	,	PUNCT
fbem-14773	276	6	k.	k.	PROPN
fbem-14773	276	7	w.	w.	PROPN
fbem-14773	276	8	,	,	PUNCT
fbem-14773	276	9	liang	liang	PROPN
fbem-14773	276	10	,	,	PUNCT
fbem-14773	276	11	c.	c.	PROPN
fbem-14773	276	12	,	,	PUNCT
fbem-14773	276	13	&	&	CCONJ
fbem-14773	276	14	yeung	yeung	PROPN
fbem-14773	276	15	,	,	PUNCT
fbem-14773	276	16	p.	p.	PROPN
fbem-14773	276	17	e.	e.	PROPN
fbem-14773	276	18	(	(	PUNCT
fbem-14773	276	19	2019	2019	NUM
fbem-14773	276	20	)	)	PUNCT
fbem-14773	276	21	.	.	PUNCT
fbem-14773	277	1	the	the	DET
fbem-14773	277	2	effect	effect	NOUN
fbem-14773	277	3	of	of	ADP
fbem-14773	277	4	major	major	ADJ
fbem-14773	277	5	customer	customer	NOUN
fbem-14773	277	6	concentration	concentration	NOUN
fbem-14773	277	7	on	on	ADP
fbem-14773	277	8	firm	firm	ADJ
fbem-14773	277	9	profitability	profitability	NOUN
fbem-14773	277	10	:	:	PUNCT
fbem-14773	277	11	competitive	competitive	ADJ
fbem-14773	277	12	or	or	CCONJ
fbem-14773	277	13	collaborative	collaborative	ADJ
fbem-14773	277	14	?	?	PUNCT
fbem-14773	277	15	.	.	PUNCT
fbem-14773	278	1	review	review	NOUN
fbem-14773	278	2	of	of	ADP
fbem-14773	278	3	accounting	accounting	NOUN
fbem-14773	278	4	studies	study	NOUN
fbem-14773	278	5	,	,	PUNCT
fbem-14773	278	6	24	24	NUM
fbem-14773	278	7	,	,	PUNCT
fbem-14773	278	8	189	189	NUM
fbem-14773	278	9	-	-	SYM
fbem-14773	278	10	229	229	NUM
fbem-14773	278	11	.	.	PUNCT
fbem-14773	279	1	[	[	X
fbem-14773	279	2	8	8	NUM
fbem-14773	279	3	]	]	X
fbem-14773	279	4	meng	meng	PROPN
fbem-14773	279	5	,	,	PUNCT
fbem-14773	279	6	c.	c.	PROPN
fbem-14773	279	7	(	(	PUNCT
fbem-14773	279	8	2018	2018	NUM
fbem-14773	279	9	)	)	PUNCT
fbem-14773	279	10	.	.	PUNCT
fbem-14773	280	1	two	two	NUM
fbem-14773	280	2	essays	essay	NOUN
fbem-14773	280	3	on	on	ADP
fbem-14773	280	4	customer	customer	NOUN
fbem-14773	280	5	concentration	concentration	NOUN
fbem-14773	280	6	and	and	CCONJ
fbem-14773	280	7	stock	stock	NOUN
fbem-14773	280	8	price	price	NOUN
fbem-14773	280	9	crash	crash	NOUN
fbem-14773	280	10	risk	risk	NOUN
fbem-14773	280	11	.	.	PUNCT
fbem-14773	281	1	[	[	X
fbem-14773	281	2	9	9	NUM
fbem-14773	281	3	]	]	PUNCT
fbem-14773	281	4	saboo	saboo	NOUN
fbem-14773	281	5	,	,	PUNCT
fbem-14773	281	6	a.	a.	PROPN
fbem-14773	281	7	r.	r.	PROPN
fbem-14773	281	8	,	,	PUNCT
fbem-14773	281	9	kumar	kumar	PROPN
fbem-14773	281	10	,	,	PUNCT
fbem-14773	281	11	v.	v.	PROPN
fbem-14773	281	12	,	,	PUNCT
fbem-14773	281	13	&	&	CCONJ
fbem-14773	281	14	anand	anand	PROPN
fbem-14773	281	15	,	,	PUNCT
fbem-14773	281	16	a.	a.	PROPN
fbem-14773	281	17	(	(	PUNCT
fbem-14773	281	18	2017	2017	NUM
fbem-14773	281	19	)	)	PUNCT
fbem-14773	281	20	.	.	PUNCT
fbem-14773	282	1	assessing	assess	VERB
fbem-14773	282	2	the	the	DET
fbem-14773	282	3	impact	impact	NOUN
fbem-14773	282	4	of	of	ADP
fbem-14773	282	5	customer	customer	NOUN
fbem-14773	282	6	concentration	concentration	NOUN
fbem-14773	282	7	on	on	ADP
fbem-14773	282	8	initial	initial	ADJ
fbem-14773	282	9	public	public	ADJ
fbem-14773	282	10	offering	offering	NOUN
fbem-14773	282	11	and	and	CCONJ
fbem-14773	282	12	balance	balance	NOUN
fbem-14773	282	13	sheet	sheet	NOUN
fbem-14773	282	14	–	–	PUNCT
fbem-14773	282	15	based	base	VERB
fbem-14773	282	16	outcomes	outcome	NOUN
fbem-14773	282	17	.	.	PUNCT
fbem-14773	283	1	journal	journal	PROPN
fbem-14773	283	2	of	of	ADP
fbem-14773	283	3	marketing	marketing	NOUN
fbem-14773	283	4	,	,	PUNCT
fbem-14773	283	5	81(6	81(6	NUM
fbem-14773	283	6	)	)	PUNCT
fbem-14773	283	7	,	,	PUNCT
fbem-14773	283	8	42	42	NUM
fbem-14773	283	9	-	-	SYM
fbem-14773	283	10	61	61	NUM
fbem-14773	283	11	.	.	PUNCT
fbem-14773	284	1	[	[	X
fbem-14773	284	2	10	10	NUM
fbem-14773	284	3	]	]	X
fbem-14773	284	4	pan	pan	PROPN
fbem-14773	284	5	,	,	PUNCT
fbem-14773	284	6	j.	j.	PROPN
fbem-14773	284	7	,	,	PUNCT
fbem-14773	284	8	yu	yu	PROPN
fbem-14773	284	9	,	,	PUNCT
fbem-14773	284	10	m.	m.	NOUN
fbem-14773	284	11	,	,	PUNCT
fbem-14773	284	12	liu	liu	PROPN
fbem-14773	284	13	,	,	PUNCT
fbem-14773	284	14	j.	j.	PROPN
fbem-14773	284	15	,	,	PUNCT
fbem-14773	284	16	&	&	CCONJ
fbem-14773	284	17	fan	fan	PROPN
fbem-14773	284	18	,	,	PUNCT
fbem-14773	284	19	r.	r.	PROPN
fbem-14773	284	20	(	(	PUNCT
fbem-14773	284	21	2020	2020	NUM
fbem-14773	284	22	)	)	PUNCT
fbem-14773	284	23	.	.	PUNCT
fbem-14773	285	1	customer	customer	NOUN
fbem-14773	285	2	concentration	concentration	NOUN
fbem-14773	285	3	and	and	CCONJ
fbem-14773	285	4	corporate	corporate	ADJ
fbem-14773	285	5	innovation	innovation	NOUN
fbem-14773	285	6	:	:	PUNCT
fbem-14773	285	7	evidence	evidence	NOUN
fbem-14773	285	8	from	from	ADP
fbem-14773	285	9	china	china	PROPN
fbem-14773	285	10	.	.	PUNCT
fbem-14773	286	1	the	the	DET
fbem-14773	286	2	north	north	ADJ
fbem-14773	286	3	american	american	PROPN
fbem-14773	286	4	journal	journal	PROPN
fbem-14773	286	5	of	of	ADP
fbem-14773	286	6	economics	economic	NOUN
fbem-14773	286	7	and	and	CCONJ
fbem-14773	286	8	finance	finance	NOUN
fbem-14773	286	9	,	,	PUNCT
fbem-14773	286	10	54	54	NUM
fbem-14773	286	11	,	,	PUNCT
fbem-14773	286	12	101284	101284	NUM
fbem-14773	286	13	.	.	PUNCT
fbem-14773	287	1	[	[	X
fbem-14773	287	2	11	11	NUM
fbem-14773	287	3	]	]	SYM
fbem-14773	287	4	dong	dong	PROPN
fbem-14773	287	5	,	,	PUNCT
fbem-14773	287	6	y.	y.	PROPN
fbem-14773	287	7	,	,	PUNCT
fbem-14773	287	8	li	li	PROPN
fbem-14773	287	9	,	,	PUNCT
fbem-14773	287	10	c.	c.	PROPN
fbem-14773	287	11	,	,	PUNCT
fbem-14773	287	12	&	&	CCONJ
fbem-14773	287	13	li	li	PROPN
fbem-14773	287	14	,	,	PUNCT
fbem-14773	287	15	h.	h.	PROPN
fbem-14773	287	16	(	(	PUNCT
fbem-14773	287	17	2021	2021	NUM
fbem-14773	287	18	)	)	PUNCT
fbem-14773	287	19	.	.	PUNCT
fbem-14773	288	1	customer	customer	NOUN
fbem-14773	288	2	concentration	concentration	NOUN
fbem-14773	288	3	and	and	CCONJ
fbem-14773	288	4	m&a	m&a	PROPN
fbem-14773	288	5	performance	performance	NOUN
fbem-14773	288	6	.	.	PUNCT
fbem-14773	289	1	journal	journal	NOUN
fbem-14773	289	2	of	of	ADP
fbem-14773	289	3	corporate	corporate	ADJ
fbem-14773	289	4	finance	finance	NOUN
fbem-14773	289	5	,	,	PUNCT
fbem-14773	289	6	69	69	NUM
fbem-14773	289	7	,	,	PUNCT
fbem-14773	289	8	102021	102021	NUM
fbem-14773	289	9	.	.	PUNCT
fbem-14773	290	1	[	[	X
fbem-14773	290	2	12	12	NUM
fbem-14773	290	3	]	]	X
fbem-14773	290	4	peng	peng	PROPN
fbem-14773	290	5	,	,	PUNCT
fbem-14773	290	6	x.	x.	PROPN
fbem-14773	290	7	,	,	PUNCT
fbem-14773	290	8	wang	wang	PROPN
fbem-14773	290	9	,	,	PUNCT
fbem-14773	290	10	x.	x.	PROPN
fbem-14773	290	11	,	,	PUNCT
fbem-14773	290	12	&	&	CCONJ
fbem-14773	290	13	yan	yan	PROPN
fbem-14773	290	14	,	,	PUNCT
fbem-14773	290	15	l.	l.	PROPN
fbem-14773	290	16	(	(	PUNCT
fbem-14773	290	17	2019	2019	NUM
fbem-14773	290	18	)	)	PUNCT
fbem-14773	290	19	.	.	PUNCT
fbem-14773	291	1	how	how	SCONJ
fbem-14773	291	2	does	do	AUX
fbem-14773	291	3	customer	customer	NOUN
fbem-14773	291	4	concentration	concentration	NOUN
fbem-14773	291	5	affect	affect	VERB
fbem-14773	291	6	informal	informal	ADJ
fbem-14773	291	7	financing	financing	NOUN
fbem-14773	291	8	?	?	PUNCT
fbem-14773	291	9	.	.	PUNCT
fbem-14773	292	1	international	international	ADJ
fbem-14773	292	2	review	review	NOUN
fbem-14773	292	3	of	of	ADP
fbem-14773	292	4	economics	economics	PROPN
fbem-14773	292	5	&	&	CCONJ
fbem-14773	292	6	finance	finance	PROPN
fbem-14773	292	7	,	,	PUNCT
fbem-14773	292	8	63	63	NUM
fbem-14773	292	9	,	,	PUNCT
fbem-14773	292	10	152	152	NUM
fbem-14773	292	11	-	-	SYM
fbem-14773	292	12	162	162	NUM
fbem-14773	292	13	.	.	PUNCT
fbem-14773	293	1	[	[	X
fbem-14773	293	2	13	13	NUM
fbem-14773	293	3	]	]	X
fbem-14773	293	4	gulzar	gulzar	PROPN
fbem-14773	293	5	,	,	PUNCT
fbem-14773	293	6	m.	m.	NOUN
fbem-14773	293	7	a.	a.	NOUN
fbem-14773	293	8	(	(	PUNCT
fbem-14773	293	9	2011	2011	NUM
fbem-14773	293	10	)	)	PUNCT
fbem-14773	293	11	.	.	PUNCT
fbem-14773	294	1	corporate	corporate	ADJ
fbem-14773	294	2	governance	governance	NOUN
fbem-14773	294	3	characteristics	characteristic	NOUN
fbem-14773	294	4	and	and	CCONJ
fbem-14773	294	5	earnings	earning	NOUN
fbem-14773	294	6	management	management	NOUN
fbem-14773	294	7	:	:	PUNCT
fbem-14773	294	8	empirical	empirical	ADJ
fbem-14773	294	9	evidence	evidence	NOUN
fbem-14773	294	10	from	from	ADP
fbem-14773	294	11	chinese	chinese	ADJ
fbem-14773	294	12	listed	list	VERB
fbem-14773	294	13	firms	firm	NOUN
fbem-14773	294	14	.	.	PUNCT
fbem-14773	295	1	international	international	ADJ
fbem-14773	295	2	journal	journal	PROPN
fbem-14773	295	3	of	of	ADP
fbem-14773	295	4	accounting	accounting	NOUN
fbem-14773	295	5	and	and	CCONJ
fbem-14773	295	6	financial	financial	ADJ
fbem-14773	295	7	reporting	reporting	NOUN
fbem-14773	295	8	,	,	PUNCT
fbem-14773	295	9	1(1	1(1	NUM
fbem-14773	295	10	)	)	PUNCT
fbem-14773	295	11	,	,	PUNCT
fbem-14773	295	12	133	133	NUM
fbem-14773	295	13	.	.	PUNCT
fbem-14773	296	1	[	[	X
fbem-14773	296	2	14	14	NUM
fbem-14773	296	3	]	]	X
fbem-14773	296	4	zhou	zhou	PROPN
fbem-14773	296	5	,	,	PUNCT
fbem-14773	296	6	b.	b.	PROPN
fbem-14773	296	7	,	,	PUNCT
fbem-14773	296	8	li	li	PROPN
fbem-14773	296	9	,	,	PUNCT
fbem-14773	296	10	y.	y.	PROPN
fbem-14773	296	11	,	,	PUNCT
fbem-14773	296	12	huang	huang	PROPN
fbem-14773	296	13	,	,	PUNCT
fbem-14773	296	14	s.	s.	PROPN
fbem-14773	296	15	,	,	PUNCT
fbem-14773	296	16	guo	guo	PROPN
fbem-14773	296	17	,	,	PUNCT
fbem-14773	296	18	s.	s.	PROPN
fbem-14773	296	19	,	,	PUNCT
fbem-14773	296	20	&	&	CCONJ
fbem-14773	296	21	xue	xue	PROPN
fbem-14773	296	22	,	,	PUNCT
fbem-14773	296	23	b.	b.	PROPN
fbem-14773	296	24	(	(	PUNCT
fbem-14773	296	25	2019	2019	NUM
fbem-14773	296	26	)	)	PUNCT
fbem-14773	296	27	.	.	PUNCT
fbem-14773	297	1	customer	customer	NOUN
fbem-14773	297	2	concentration	concentration	NOUN
fbem-14773	297	3	and	and	CCONJ
fbem-14773	297	4	corporate	corporate	ADJ
fbem-14773	297	5	innovation	innovation	NOUN
fbem-14773	297	6	:	:	PUNCT
fbem-14773	297	7	effects	effect	NOUN
fbem-14773	297	8	of	of	ADP
fbem-14773	297	9	financing	financing	NOUN
fbem-14773	297	10	constraints	constraint	NOUN
fbem-14773	297	11	and	and	CCONJ
fbem-14773	297	12	managers	manager	NOUN
fbem-14773	297	13	’	'	PUNCT
fbem-14773	297	14	expectation	expectation	NOUN
fbem-14773	297	15	of	of	ADP
fbem-14773	297	16	chinese	chinese	ADJ
fbem-14773	297	17	listed	list	VERB
fbem-14773	297	18	companies	company	NOUN
fbem-14773	297	19	.	.	PUNCT
fbem-14773	298	1	sustainability	sustainability	NOUN
fbem-14773	298	2	,	,	PUNCT
fbem-14773	298	3	11(10	11(10	NUM
fbem-14773	298	4	)	)	PUNCT
fbem-14773	298	5	,	,	PUNCT
fbem-14773	298	6	2859	2859	NUM
fbem-14773	298	7	.	.	PUNCT
fbem-14773	299	1	[	[	X
fbem-14773	299	2	15	15	NUM
fbem-14773	299	3	]	]	X
fbem-14773	299	4	ni	ni	PROPN
fbem-14773	299	5	,	,	PUNCT
fbem-14773	299	6	j.	j.	PROPN
fbem-14773	299	7	,	,	PUNCT
fbem-14773	299	8	cao	cao	PROPN
fbem-14773	299	9	,	,	PUNCT
fbem-14773	299	10	x.	x.	PROPN
fbem-14773	299	11	,	,	PUNCT
fbem-14773	299	12	zhou	zhou	PROPN
fbem-14773	299	13	,	,	PUNCT
fbem-14773	299	14	w.	w.	PROPN
fbem-14773	299	15	,	,	PUNCT
fbem-14773	299	16	&	&	CCONJ
fbem-14773	299	17	li	li	PROPN
fbem-14773	299	18	,	,	PUNCT
fbem-14773	299	19	j.	j.	PROPN
fbem-14773	299	20	(	(	PUNCT
fbem-14773	299	21	2023	2023	NUM
fbem-14773	299	22	)	)	PUNCT
fbem-14773	299	23	.	.	PUNCT
fbem-14773	300	1	customer	customer	NOUN
fbem-14773	300	2	concentration	concentration	NOUN
fbem-14773	300	3	and	and	CCONJ
fbem-14773	300	4	financing	financing	NOUN
fbem-14773	300	5	constraints	constraint	NOUN
fbem-14773	300	6	.	.	PUNCT
fbem-14773	301	1	journal	journal	NOUN
fbem-14773	301	2	of	of	ADP
fbem-14773	301	3	corporate	corporate	ADJ
fbem-14773	301	4	finance	finance	NOUN
fbem-14773	301	5	,	,	PUNCT
fbem-14773	301	6	102432	102432	NUM
fbem-14773	301	7	.	.	PUNCT
fbem-14773	302	1	[	[	X
fbem-14773	302	2	16	16	NUM
fbem-14773	302	3	]	]	SYM
fbem-14773	302	4	ak	ak	PROPN
fbem-14773	302	5	,	,	PUNCT
fbem-14773	302	6	b.	b.	PROPN
fbem-14773	302	7	k.	k.	PROPN
fbem-14773	302	8	,	,	PUNCT
fbem-14773	302	9	&	&	CCONJ
fbem-14773	302	10	patatoukas	patatoukas	PROPN
fbem-14773	302	11	,	,	PUNCT
fbem-14773	302	12	p.	p.	NOUN
fbem-14773	302	13	n.	n.	PROPN
fbem-14773	302	14	(	(	PUNCT
fbem-14773	302	15	2016	2016	NUM
fbem-14773	302	16	)	)	PUNCT
fbem-14773	302	17	.	.	PUNCT
fbem-14773	303	1	customer‐base	customer‐base	ADJ
fbem-14773	303	2	concentration	concentration	NOUN
fbem-14773	303	3	and	and	CCONJ
fbem-14773	303	4	inventory	inventory	NOUN
fbem-14773	303	5	efficiencies	efficiency	NOUN
fbem-14773	303	6	:	:	PUNCT
fbem-14773	303	7	evidence	evidence	NOUN
fbem-14773	303	8	from	from	ADP
fbem-14773	303	9	the	the	DET
fbem-14773	303	10	manufacturing	manufacturing	NOUN
fbem-14773	303	11	sector	sector	NOUN
fbem-14773	303	12	.	.	PUNCT
fbem-14773	304	1	production	production	NOUN
fbem-14773	304	2	and	and	CCONJ
fbem-14773	304	3	operations	operation	NOUN
fbem-14773	304	4	management	management	NOUN
fbem-14773	304	5	,	,	PUNCT
fbem-14773	304	6	25(2	25(2	NUM
fbem-14773	304	7	)	)	PUNCT
fbem-14773	304	8	,	,	PUNCT
fbem-14773	304	9	258	258	NUM
fbem-14773	304	10	-	-	SYM
fbem-14773	304	11	272	272	NUM
fbem-14773	304	12	.	.	PUNCT
fbem-14773	305	1	[	[	X
fbem-14773	305	2	17	17	NUM
fbem-14773	305	3	]	]	X
fbem-14773	305	4	henry	henry	PROPN
fbem-14773	305	5	,	,	PUNCT
fbem-14773	305	6	j.	j.	PROPN
fbem-14773	305	7	j.	j.	PROPN
fbem-14773	305	8	,	,	PUNCT
fbem-14773	305	9	christensen	christensen	PROPN
fbem-14773	305	10	,	,	PUNCT
fbem-14773	305	11	p.	p.	PROPN
fbem-14773	305	12	,	,	PUNCT
fbem-14773	305	13	&	&	CCONJ
fbem-14773	305	14	brau	brau	PROPN
fbem-14773	305	15	,	,	PUNCT
fbem-14773	305	16	j.	j.	PROPN
fbem-14773	305	17	c.	c.	PROPN
fbem-14773	305	18	(	(	PUNCT
fbem-14773	305	19	2023	2023	NUM
fbem-14773	305	20	)	)	PUNCT
fbem-14773	305	21	.	.	PUNCT
fbem-14773	306	1	interrelationships	interrelationship	NOUN
fbem-14773	306	2	in	in	ADP
fbem-14773	306	3	inventory	inventory	NOUN
fbem-14773	306	4	turnover	turnover	NOUN
fbem-14773	306	5	performance	performance	NOUN
fbem-14773	306	6	between	between	ADP
fbem-14773	306	7	supplier	supplier	NOUN
fbem-14773	306	8	and	and	CCONJ
fbem-14773	306	9	customer	customer	NOUN
fbem-14773	306	10	firms	firm	NOUN
fbem-14773	306	11	.	.	PUNCT
fbem-14773	307	1	business	business	NOUN
fbem-14773	307	2	and	and	CCONJ
fbem-14773	307	3	economics	economics	PROPN
fbem-14773	307	4	research	research	PROPN
fbem-14773	307	5	journal	journal	PROPN
fbem-14773	307	6	,	,	PUNCT
fbem-14773	307	7	14(2	14(2	NUM
fbem-14773	307	8	)	)	PUNCT
fbem-14773	307	9	,	,	PUNCT
fbem-14773	307	10	157	157	NUM
fbem-14773	307	11	-	-	SYM
fbem-14773	307	12	171	171	NUM
fbem-14773	307	13	.	.	PUNCT
fbem-14773	308	1	[	[	X
fbem-14773	308	2	18	18	NUM
fbem-14773	308	3	]	]	X
fbem-14773	308	4	dhaliwal	dhaliwal	PROPN
fbem-14773	308	5	,	,	PUNCT
fbem-14773	308	6	d.	d.	PROPN
fbem-14773	308	7	,	,	PUNCT
fbem-14773	308	8	judd	judd	PROPN
fbem-14773	308	9	,	,	PUNCT
fbem-14773	308	10	j.	j.	PROPN
fbem-14773	308	11	s.	s.	PROPN
fbem-14773	308	12	,	,	PUNCT
fbem-14773	308	13	serfling	serfling	NOUN
fbem-14773	308	14	,	,	PUNCT
fbem-14773	308	15	m.	m.	NOUN
fbem-14773	308	16	,	,	PUNCT
fbem-14773	308	17	&	&	CCONJ
fbem-14773	308	18	shaikh	shaikh	PROPN
fbem-14773	308	19	,	,	PUNCT
fbem-14773	308	20	s.	s.	PROPN
fbem-14773	308	21	(	(	PUNCT
fbem-14773	308	22	2016	2016	NUM
fbem-14773	308	23	)	)	PUNCT
fbem-14773	308	24	.	.	PUNCT
fbem-14773	309	1	customer	customer	NOUN
fbem-14773	309	2	concentration	concentration	NOUN
fbem-14773	309	3	risk	risk	NOUN
fbem-14773	309	4	and	and	CCONJ
fbem-14773	309	5	the	the	DET
fbem-14773	309	6	cost	cost	NOUN
fbem-14773	309	7	of	of	ADP
fbem-14773	309	8	equity	equity	NOUN
fbem-14773	309	9	capital	capital	NOUN
fbem-14773	309	10	.	.	PUNCT
fbem-14773	310	1	journal	journal	PROPN
fbem-14773	310	2	of	of	ADP
fbem-14773	310	3	accounting	accounting	NOUN
fbem-14773	310	4	and	and	CCONJ
fbem-14773	310	5	economics	economic	NOUN
fbem-14773	310	6	,	,	PUNCT
fbem-14773	310	7	61(1	61(1	NOUN
fbem-14773	310	8	)	)	PUNCT
fbem-14773	310	9	,	,	PUNCT
fbem-14773	310	10	23	23	NUM
fbem-14773	310	11	-	-	SYM
fbem-14773	310	12	48	48	NUM
fbem-14773	310	13	.	.	PUNCT
fbem-14773	311	1	[	[	X
fbem-14773	311	2	19	19	NUM
fbem-14773	311	3	]	]	SYM
fbem-14773	311	4	kozlowski	kozlowski	PROPN
fbem-14773	311	5	,	,	PUNCT
fbem-14773	311	6	j.	j.	PROPN
fbem-14773	311	7	(	(	PUNCT
fbem-14773	311	8	2021	2021	NUM
fbem-14773	311	9	)	)	PUNCT
fbem-14773	311	10	.	.	PUNCT
fbem-14773	312	1	long	long	ADJ
fbem-14773	312	2	-	-	PUNCT
fbem-14773	312	3	term	term	NOUN
fbem-14773	312	4	finance	finance	NOUN
fbem-14773	312	5	and	and	CCONJ
fbem-14773	312	6	investment	investment	NOUN
fbem-14773	312	7	with	with	ADP
fbem-14773	312	8	frictional	frictional	ADJ
fbem-14773	312	9	asset	asset	NOUN
fbem-14773	312	10	markets	market	NOUN
fbem-14773	312	11	.	.	PUNCT
fbem-14773	313	1	american	american	ADJ
fbem-14773	313	2	economic	economic	PROPN
fbem-14773	313	3	journal	journal	PROPN
fbem-14773	313	4	:	:	PUNCT
fbem-14773	313	5	macroeconomics	macroeconomic	NOUN
fbem-14773	313	6	,	,	PUNCT
fbem-14773	313	7	13(4	13(4	NUM
fbem-14773	313	8	)	)	PUNCT
fbem-14773	313	9	,	,	PUNCT
fbem-14773	313	10	411	411	NUM
fbem-14773	313	11	-	-	SYM
fbem-14773	313	12	448	448	NUM
fbem-14773	313	13	.	.	PUNCT