id	sid	tid	token	lemma	pos
fbem-15373	1	1	frontiers	frontier	NOUN
fbem-15373	1	2	in	in	ADP
fbem-15373	1	3	business	business	NOUN
fbem-15373	1	4	,	,	PUNCT
fbem-15373	1	5	economics	economic	NOUN
fbem-15373	1	6	and	and	CCONJ
fbem-15373	1	7	management	management	NOUN
fbem-15373	1	8	issn	issn	PROPN
fbem-15373	1	9	:	:	PUNCT
fbem-15373	1	10	2766	2766	NUM
fbem-15373	1	11	-	-	PUNCT
fbem-15373	1	12	824x	824x	NUM
fbem-15373	1	13	|	|	ADJ
fbem-15373	1	14	vol	vol	NOUN
fbem-15373	1	15	.	.	PROPN
fbem-15373	1	16	12	12	NUM
fbem-15373	1	17	,	,	PUNCT
fbem-15373	1	18	no	no	INTJ
fbem-15373	1	19	.	.	NOUN
fbem-15373	1	20	3	3	NUM
fbem-15373	1	21	,	,	PUNCT
fbem-15373	1	22	2023	2023	NUM
fbem-15373	1	23	61	61	NUM
fbem-15373	1	24	impact	impact	NOUN
fbem-15373	1	25	of	of	ADP
fbem-15373	1	26	esg	esg	NOUN
fbem-15373	1	27	performance	performance	NOUN
fbem-15373	1	28	on	on	ADP
fbem-15373	1	29	firms	firm	NOUN
fbem-15373	1	30	'	'	PART
fbem-15373	1	31	exports	export	NOUN
fbem-15373	1	32	‐	‐	ADV
fbem-15373	1	33	moderating	moderate	VERB
fbem-15373	1	34	effect	effect	NOUN
fbem-15373	1	35	of	of	ADP
fbem-15373	1	36	based	base	VERB
fbem-15373	1	37	on	on	ADP
fbem-15373	1	38	market	market	NOUN
fbem-15373	1	39	share	share	NOUN
fbem-15373	1	40	in	in	ADP
fbem-15373	1	41	host	host	NOUN
fbem-15373	1	42	industry	industry	NOUN
fbem-15373	1	43	zhanxiang	zhanxiang	PROPN
fbem-15373	1	44	guo1	guo1	PROPN
fbem-15373	1	45	,	,	PUNCT
fbem-15373	1	46	a	a	DET
fbem-15373	1	47	1finance	1finance	NUM
fbem-15373	1	48	and	and	CCONJ
fbem-15373	1	49	trade	trade	NOUN
fbem-15373	1	50	,	,	PUNCT
fbem-15373	1	51	zhuhai	zhuhai	PROPN
fbem-15373	1	52	college	college	PROPN
fbem-15373	1	53	of	of	ADP
fbem-15373	1	54	science	science	NOUN
fbem-15373	1	55	and	and	CCONJ
fbem-15373	1	56	technology	technology	NOUN
fbem-15373	1	57	,	,	PUNCT
fbem-15373	1	58	zhuhai	zhuhai	PROPN
fbem-15373	1	59	,	,	PUNCT
fbem-15373	1	60	guangdong	guangdong	PROPN
fbem-15373	1	61	,	,	PUNCT
fbem-15373	1	62	519040	519040	NUM
fbem-15373	1	63	,	,	PUNCT
fbem-15373	1	64	china	china	PROPN
fbem-15373	1	65	aguozhanxiang31@gmail.com	aguozhanxiang31@gmail.com	X
fbem-15373	1	66	abstract	abstract	NOUN
fbem-15373	1	67	:	:	PUNCT
fbem-15373	1	68	based	base	VERB
fbem-15373	1	69	on	on	ADP
fbem-15373	1	70	foreign	foreign	ADJ
fbem-15373	1	71	trade	trade	NOUN
fbem-15373	1	72	enterprises	enterprise	NOUN
fbem-15373	1	73	,	,	PUNCT
fbem-15373	1	74	this	this	DET
fbem-15373	1	75	paper	paper	NOUN
fbem-15373	1	76	analyzes	analyze	VERB
fbem-15373	1	77	whether	whether	SCONJ
fbem-15373	1	78	esg	esg	NOUN
fbem-15373	1	79	performance	performance	NOUN
fbem-15373	1	80	can	can	AUX
fbem-15373	1	81	enhance	enhance	VERB
fbem-15373	1	82	exports	export	NOUN
fbem-15373	1	83	and	and	CCONJ
fbem-15373	1	84	adds	add	VERB
fbem-15373	1	85	the	the	DET
fbem-15373	1	86	industry	industry	NOUN
fbem-15373	1	87	's	's	PART
fbem-15373	1	88	market	market	NOUN
fbem-15373	1	89	share	share	NOUN
fbem-15373	1	90	as	as	ADP
fbem-15373	1	91	a	a	DET
fbem-15373	1	92	moderating	moderate	VERB
fbem-15373	1	93	variable	variable	NOUN
fbem-15373	1	94	.	.	PUNCT
fbem-15373	2	1	this	this	DET
fbem-15373	2	2	paper	paper	NOUN
fbem-15373	2	3	selects	select	VERB
fbem-15373	2	4	a	a	DET
fbem-15373	2	5	-	-	PUNCT
fbem-15373	2	6	share	share	NOUN
fbem-15373	2	7	listed	list	VERB
fbem-15373	2	8	companies	company	NOUN
fbem-15373	2	9	in	in	ADP
fbem-15373	2	10	2017	2017	NUM
fbem-15373	2	11	-	-	SYM
fbem-15373	2	12	2022	2022	NUM
fbem-15373	2	13	as	as	ADP
fbem-15373	2	14	the	the	DET
fbem-15373	2	15	research	research	NOUN
fbem-15373	2	16	object	object	NOUN
fbem-15373	2	17	and	and	CCONJ
fbem-15373	2	18	constructs	construct	VERB
fbem-15373	2	19	the	the	DET
fbem-15373	2	20	moderating	moderate	VERB
fbem-15373	2	21	effect	effect	NOUN
fbem-15373	2	22	model	model	NOUN
fbem-15373	2	23	for	for	ADP
fbem-15373	2	24	research	research	NOUN
fbem-15373	2	25	.	.	PUNCT
fbem-15373	3	1	the	the	DET
fbem-15373	3	2	empirical	empirical	ADJ
fbem-15373	3	3	results	result	NOUN
fbem-15373	3	4	prove	prove	VERB
fbem-15373	3	5	that	that	SCONJ
fbem-15373	3	6	esg	esg	NOUN
fbem-15373	3	7	performance	performance	NOUN
fbem-15373	3	8	has	have	VERB
fbem-15373	3	9	a	a	DET
fbem-15373	3	10	significant	significant	ADJ
fbem-15373	3	11	positive	positive	ADJ
fbem-15373	3	12	effect	effect	NOUN
fbem-15373	3	13	on	on	ADP
fbem-15373	3	14	enhancing	enhance	VERB
fbem-15373	3	15	enterprise	enterprise	NOUN
fbem-15373	3	16	exports	export	NOUN
fbem-15373	3	17	.	.	PUNCT
fbem-15373	4	1	at	at	ADP
fbem-15373	4	2	the	the	DET
fbem-15373	4	3	same	same	ADJ
fbem-15373	4	4	time	time	NOUN
fbem-15373	4	5	,	,	PUNCT
fbem-15373	4	6	the	the	DET
fbem-15373	4	7	interaction	interaction	NOUN
fbem-15373	4	8	between	between	ADP
fbem-15373	4	9	esg	esg	NOUN
fbem-15373	4	10	performance	performance	NOUN
fbem-15373	4	11	and	and	CCONJ
fbem-15373	4	12	the	the	DET
fbem-15373	4	13	market	market	NOUN
fbem-15373	4	14	share	share	NOUN
fbem-15373	4	15	of	of	ADP
fbem-15373	4	16	the	the	DET
fbem-15373	4	17	host	host	NOUN
fbem-15373	4	18	industry	industry	NOUN
fbem-15373	4	19	can	can	AUX
fbem-15373	4	20	significantly	significantly	ADV
fbem-15373	4	21	enhance	enhance	VERB
fbem-15373	4	22	enterprise	enterprise	NOUN
fbem-15373	4	23	exports	export	NOUN
fbem-15373	4	24	.	.	PUNCT
fbem-15373	5	1	keywords	keyword	NOUN
fbem-15373	5	2	:	:	PUNCT
fbem-15373	5	3	esg	esg	NOUN
fbem-15373	5	4	performance	performance	NOUN
fbem-15373	5	5	,	,	PUNCT
fbem-15373	5	6	corporate	corporate	ADJ
fbem-15373	5	7	exports	export	NOUN
fbem-15373	5	8	,	,	PUNCT
fbem-15373	5	9	moderating	moderate	VERB
fbem-15373	5	10	effect	effect	NOUN
fbem-15373	5	11	.	.	PUNCT
fbem-15373	6	1	1	1	X
fbem-15373	6	2	.	.	X
fbem-15373	6	3	introductory	introductory	NOUN
fbem-15373	6	4	in	in	ADP
fbem-15373	6	5	recent	recent	ADJ
fbem-15373	6	6	years	year	NOUN
fbem-15373	6	7	,	,	PUNCT
fbem-15373	6	8	many	many	ADJ
fbem-15373	6	9	well	well	ADV
fbem-15373	6	10	-	-	PUNCT
fbem-15373	6	11	known	know	VERB
fbem-15373	6	12	enterprises	enterprise	NOUN
fbem-15373	6	13	have	have	AUX
fbem-15373	6	14	continuously	continuously	ADV
fbem-15373	6	15	launched	launch	VERB
fbem-15373	6	16	low	low	ADJ
fbem-15373	6	17	-	-	PUNCT
fbem-15373	6	18	carbon	carbon	NOUN
fbem-15373	6	19	concept	concept	NOUN
fbem-15373	6	20	products	product	NOUN
fbem-15373	6	21	or	or	CCONJ
fbem-15373	6	22	services	service	NOUN
fbem-15373	6	23	,	,	PUNCT
fbem-15373	6	24	which	which	PRON
fbem-15373	6	25	has	have	AUX
fbem-15373	6	26	aroused	arouse	VERB
fbem-15373	6	27	public	public	ADJ
fbem-15373	6	28	concern	concern	NOUN
fbem-15373	6	29	about	about	ADP
fbem-15373	6	30	environmental	environmental	ADJ
fbem-15373	6	31	protection	protection	NOUN
fbem-15373	6	32	,	,	PUNCT
fbem-15373	6	33	and	and	CCONJ
fbem-15373	6	34	the	the	DET
fbem-15373	6	35	impact	impact	NOUN
fbem-15373	6	36	of	of	ADP
fbem-15373	6	37	esg	esg	PROPN
fbem-15373	6	38	performance	performance	NOUN
fbem-15373	6	39	on	on	ADP
fbem-15373	6	40	corporate	corporate	ADJ
fbem-15373	6	41	exports	export	NOUN
fbem-15373	6	42	has	have	AUX
fbem-15373	6	43	also	also	ADV
fbem-15373	6	44	received	receive	VERB
fbem-15373	6	45	widespread	widespread	ADJ
fbem-15373	6	46	attention	attention	NOUN
fbem-15373	6	47	.in	.in	PUNCT
fbem-15373	6	48	september	september	PROPN
fbem-15373	6	49	2018	2018	NUM
fbem-15373	6	50	,	,	PUNCT
fbem-15373	6	51	the	the	DET
fbem-15373	6	52	revised	revise	VERB
fbem-15373	6	53	version	version	NOUN
fbem-15373	6	54	of	of	ADP
fbem-15373	6	55	the	the	DET
fbem-15373	6	56	listed	list	VERB
fbem-15373	6	57	company	company	NOUN
fbem-15373	6	58	governance	governance	NOUN
fbem-15373	6	59	guidelines	guideline	NOUN
fbem-15373	6	60	for	for	ADP
fbem-15373	6	61	the	the	DET
fbem-15373	6	62	first	first	ADJ
fbem-15373	6	63	time	time	NOUN
fbem-15373	6	64	required	require	VERB
fbem-15373	6	65	esg	esg	PROPN
fbem-15373	6	66	disclosure	disclosure	NOUN
fbem-15373	6	67	by	by	ADP
fbem-15373	6	68	listed	list	VERB
fbem-15373	6	69	companies.esg	companies.esg	X
fbem-15373	6	70	requires	require	VERB
fbem-15373	6	71	companies	company	NOUN
fbem-15373	6	72	to	to	PART
fbem-15373	6	73	focus	focus	VERB
fbem-15373	6	74	more	more	ADV
fbem-15373	6	75	on	on	ADP
fbem-15373	6	76	the	the	DET
fbem-15373	6	77	environment	environment	NOUN
fbem-15373	6	78	,	,	PUNCT
fbem-15373	6	79	social	social	ADJ
fbem-15373	6	80	,	,	PUNCT
fbem-15373	6	81	and	and	CCONJ
fbem-15373	6	82	corporate	corporate	ADJ
fbem-15373	6	83	governance	governance	NOUN
fbem-15373	6	84	multi	multi	ADJ
fbem-15373	6	85	-	-	ADJ
fbem-15373	6	86	dimensional	dimensional	ADJ
fbem-15373	6	87	balanced	balanced	ADJ
fbem-15373	6	88	development	development	NOUN
fbem-15373	6	89	rather	rather	ADV
fbem-15373	6	90	than	than	ADP
fbem-15373	6	91	traditional	traditional	ADJ
fbem-15373	6	92	financial	financial	ADJ
fbem-15373	6	93	data	datum	NOUN
fbem-15373	6	94	.	.	PUNCT
fbem-15373	7	1	in	in	ADP
fbem-15373	7	2	recent	recent	ADJ
fbem-15373	7	3	years	year	NOUN
fbem-15373	7	4	,	,	PUNCT
fbem-15373	7	5	international	international	ADJ
fbem-15373	7	6	trade	trade	NOUN
fbem-15373	7	7	protectionism	protectionism	NOUN
fbem-15373	7	8	has	have	AUX
fbem-15373	7	9	intensified	intensify	VERB
fbem-15373	7	10	,	,	PUNCT
fbem-15373	7	11	with	with	ADP
fbem-15373	7	12	the	the	DET
fbem-15373	7	13	united	united	PROPN
fbem-15373	7	14	states	states	PROPN
fbem-15373	7	15	,	,	PUNCT
fbem-15373	7	16	the	the	DET
fbem-15373	7	17	european	european	PROPN
fbem-15373	7	18	union	union	PROPN
fbem-15373	7	19	,	,	PUNCT
fbem-15373	7	20	and	and	CCONJ
fbem-15373	7	21	other	other	ADJ
fbem-15373	7	22	countries	country	NOUN
fbem-15373	7	23	upgrading	upgrade	VERB
fbem-15373	7	24	carbon	carbon	NOUN
fbem-15373	7	25	tariffs	tariff	NOUN
fbem-15373	7	26	,	,	PUNCT
fbem-15373	7	27	increasing	increase	VERB
fbem-15373	7	28	measures	measure	NOUN
fbem-15373	7	29	and	and	CCONJ
fbem-15373	7	30	rules	rule	NOUN
fbem-15373	7	31	restricting	restrict	VERB
fbem-15373	7	32	trade	trade	NOUN
fbem-15373	7	33	,	,	PUNCT
fbem-15373	7	34	and	and	CCONJ
fbem-15373	7	35	even	even	ADV
fbem-15373	7	36	promoting	promote	VERB
fbem-15373	7	37	regional	regional	ADJ
fbem-15373	7	38	economic	economic	ADJ
fbem-15373	7	39	monopolies	monopoly	NOUN
fbem-15373	7	40	.	.	PUNCT
fbem-15373	8	1	the	the	DET
fbem-15373	8	2	new	new	PROPN
fbem-15373	8	3	esg	esg	PROPN
fbem-15373	8	4	regulations	regulation	NOUN
fbem-15373	8	5	,	,	PUNCT
fbem-15373	8	6	green	green	ADJ
fbem-15373	8	7	trade	trade	NOUN
fbem-15373	8	8	barriers	barrier	NOUN
fbem-15373	8	9	,	,	PUNCT
fbem-15373	8	10	and	and	CCONJ
fbem-15373	8	11	blue	blue	ADJ
fbem-15373	8	12	trade	trade	NOUN
fbem-15373	8	13	barriers	barrier	NOUN
fbem-15373	8	14	make	make	VERB
fbem-15373	8	15	china	china	PROPN
fbem-15373	8	16	's	's	PART
fbem-15373	8	17	enterprises	enterprise	NOUN
fbem-15373	8	18	face	face	VERB
fbem-15373	8	19	more	more	ADV
fbem-15373	8	20	severe	severe	ADJ
fbem-15373	8	21	challenges	challenge	NOUN
fbem-15373	8	22	in	in	ADP
fbem-15373	8	23	export	export	NOUN
fbem-15373	8	24	trade	trade	NOUN
fbem-15373	8	25	.	.	PUNCT
fbem-15373	9	1	the	the	DET
fbem-15373	9	2	formal	formal	ADJ
fbem-15373	9	3	inclusion	inclusion	NOUN
fbem-15373	9	4	of	of	ADP
fbem-15373	9	5	ashares	ashare	NOUN
fbem-15373	9	6	in	in	ADP
fbem-15373	9	7	the	the	DET
fbem-15373	9	8	msci	msci	PROPN
fbem-15373	9	9	index	index	NOUN
fbem-15373	9	10	in	in	ADP
fbem-15373	9	11	2018	2018	NUM
fbem-15373	9	12	and	and	CCONJ
fbem-15373	9	13	the	the	DET
fbem-15373	9	14	revision	revision	NOUN
fbem-15373	9	15	of	of	ADP
fbem-15373	9	16	the	the	DET
fbem-15373	9	17	csrc	csrc	NOUN
fbem-15373	9	18	's	's	PART
fbem-15373	9	19	code	code	NOUN
fbem-15373	9	20	of	of	ADP
fbem-15373	9	21	governance	governance	NOUN
fbem-15373	9	22	for	for	ADP
fbem-15373	9	23	listed	list	VERB
fbem-15373	9	24	companies	company	NOUN
fbem-15373	9	25	in	in	ADP
fbem-15373	9	26	the	the	DET
fbem-15373	9	27	same	same	ADJ
fbem-15373	9	28	year	year	NOUN
fbem-15373	9	29	require	require	VERB
fbem-15373	9	30	that	that	SCONJ
fbem-15373	9	31	listed	list	VERB
fbem-15373	9	32	companies	company	NOUN
fbem-15373	9	33	disclose	disclose	VERB
fbem-15373	9	34	esg	esg	PROPN
fbem-15373	9	35	-	-	PUNCT
fbem-15373	9	36	related	relate	VERB
fbem-15373	9	37	information	information	NOUN
fbem-15373	9	38	by	by	ADP
fbem-15373	9	39	the	the	DET
fbem-15373	9	40	law	law	NOUN
fbem-15373	9	41	.	.	PUNCT
fbem-15373	10	1	2	2	X
fbem-15373	10	2	.	.	X
fbem-15373	10	3	literature	literature	PROPN
fbem-15373	10	4	review	review	PROPN
fbem-15373	10	5	shen	shen	PROPN
fbem-15373	10	6	yan	yan	PROPN
fbem-15373	10	7	and	and	CCONJ
fbem-15373	10	8	cai	cai	PROPN
fbem-15373	10	9	jian	jian	PROPN
fbem-15373	10	10	believe	believe	VERB
fbem-15373	10	11	enterprises	enterprise	NOUN
fbem-15373	10	12	should	should	AUX
fbem-15373	10	13	pay	pay	VERB
fbem-15373	10	14	attention	attention	NOUN
fbem-15373	10	15	to	to	ADP
fbem-15373	10	16	the	the	DET
fbem-15373	10	17	trade	trade	NOUN
fbem-15373	10	18	barriers	barrier	NOUN
fbem-15373	10	19	caused	cause	VERB
fbem-15373	10	20	by	by	ADP
fbem-15373	10	21	social	social	ADJ
fbem-15373	10	22	responsibility	responsibility	NOUN
fbem-15373	10	23	standards	standard	NOUN
fbem-15373	10	24	.	.	PUNCT
fbem-15373	11	1	enterprises	enterprise	NOUN
fbem-15373	11	2	should	should	AUX
fbem-15373	11	3	actively	actively	ADV
fbem-15373	11	4	fulfill	fulfill	VERB
fbem-15373	11	5	their	their	PRON
fbem-15373	11	6	social	social	ADJ
fbem-15373	11	7	responsibility	responsibility	NOUN
fbem-15373	11	8	.	.	PUNCT
fbem-15373	12	1	on	on	ADP
fbem-15373	12	2	the	the	DET
fbem-15373	12	3	one	one	NUM
fbem-15373	12	4	hand	hand	NOUN
fbem-15373	12	5	,	,	PUNCT
fbem-15373	12	6	improving	improve	VERB
fbem-15373	12	7	corporate	corporate	ADJ
fbem-15373	12	8	social	social	ADJ
fbem-15373	12	9	responsibility	responsibility	NOUN
fbem-15373	12	10	performance	performance	NOUN
fbem-15373	12	11	can	can	AUX
fbem-15373	12	12	help	help	VERB
fbem-15373	12	13	enterprises	enterprise	NOUN
fbem-15373	12	14	avoid	avoid	VERB
fbem-15373	12	15	specific	specific	ADJ
fbem-15373	12	16	trade	trade	NOUN
fbem-15373	12	17	barriers	barrier	NOUN
fbem-15373	12	18	and	and	CCONJ
fbem-15373	12	19	enhance	enhance	VERB
fbem-15373	12	20	the	the	DET
fbem-15373	12	21	competitiveness	competitiveness	NOUN
fbem-15373	12	22	of	of	ADP
fbem-15373	12	23	enterprises	enterprise	NOUN
fbem-15373	12	24	to	to	PART
fbem-15373	12	25	promote	promote	VERB
fbem-15373	12	26	exports	export	NOUN
fbem-15373	12	27	.	.	PUNCT
fbem-15373	13	1	on	on	ADP
fbem-15373	13	2	the	the	DET
fbem-15373	13	3	other	other	ADJ
fbem-15373	13	4	hand	hand	NOUN
fbem-15373	13	5	,	,	PUNCT
fbem-15373	13	6	although	although	SCONJ
fbem-15373	13	7	higher	high	ADJ
fbem-15373	13	8	social	social	ADJ
fbem-15373	13	9	responsibility	responsibility	NOUN
fbem-15373	13	10	standards	standard	NOUN
fbem-15373	13	11	hinder	hinder	VERB
fbem-15373	13	12	enterprise	enterprise	NOUN
fbem-15373	13	13	exports	export	NOUN
fbem-15373	13	14	,	,	PUNCT
fbem-15373	13	15	higher	high	ADJ
fbem-15373	13	16	and	and	CCONJ
fbem-15373	13	17	reasonable	reasonable	ADJ
fbem-15373	13	18	social	social	ADJ
fbem-15373	13	19	responsibility	responsibility	NOUN
fbem-15373	13	20	standards	standard	NOUN
fbem-15373	13	21	are	be	AUX
fbem-15373	13	22	conducive	conducive	ADJ
fbem-15373	13	23	to	to	ADP
fbem-15373	13	24	promoting	promote	VERB
fbem-15373	13	25	the	the	DET
fbem-15373	13	26	sustainable	sustainable	ADJ
fbem-15373	13	27	development	development	NOUN
fbem-15373	13	28	of	of	ADP
fbem-15373	13	29	enterprises	enterprise	NOUN
fbem-15373	13	30	and	and	CCONJ
fbem-15373	13	31	,	,	PUNCT
fbem-15373	13	32	in	in	ADP
fbem-15373	13	33	the	the	DET
fbem-15373	13	34	long	long	ADJ
fbem-15373	13	35	run	run	NOUN
fbem-15373	13	36	,	,	PUNCT
fbem-15373	13	37	will	will	AUX
fbem-15373	13	38	be	be	AUX
fbem-15373	13	39	conducive	conducive	ADJ
fbem-15373	13	40	to	to	ADP
fbem-15373	13	41	the	the	DET
fbem-15373	13	42	continuous	continuous	ADJ
fbem-15373	13	43	export	export	NOUN
fbem-15373	13	44	of	of	ADP
fbem-15373	13	45	enterprises	enterprise	NOUN
fbem-15373	13	46	.	.	PUNCT
fbem-15373	14	1	levinson	levinson	PROPN
fbem-15373	14	2	and	and	CCONJ
fbem-15373	14	3	taylor	taylor	PROPN
fbem-15373	14	4	analyze	analyze	VERB
fbem-15373	14	5	the	the	DET
fbem-15373	14	6	impact	impact	NOUN
fbem-15373	14	7	of	of	ADP
fbem-15373	14	8	environmental	environmental	ADJ
fbem-15373	14	9	information	information	NOUN
fbem-15373	14	10	disclosure	disclosure	NOUN
fbem-15373	14	11	on	on	ADP
fbem-15373	14	12	enterprise	enterprise	NOUN
fbem-15373	14	13	exports	export	NOUN
fbem-15373	14	14	as	as	ADP
fbem-15373	14	15	an	an	DET
fbem-15373	14	16	example	example	NOUN
fbem-15373	14	17	of	of	ADP
fbem-15373	14	18	listed	list	VERB
fbem-15373	14	19	companies	company	NOUN
fbem-15373	14	20	,	,	PUNCT
fbem-15373	14	21	and	and	CCONJ
fbem-15373	14	22	the	the	DET
fbem-15373	14	23	results	result	NOUN
fbem-15373	14	24	show	show	VERB
fbem-15373	14	25	that	that	SCONJ
fbem-15373	14	26	environmental	environmental	ADJ
fbem-15373	14	27	information	information	NOUN
fbem-15373	14	28	disclosure	disclosure	NOUN
fbem-15373	14	29	will	will	AUX
fbem-15373	14	30	lead	lead	VERB
fbem-15373	14	31	to	to	ADP
fbem-15373	14	32	higher	high	ADJ
fbem-15373	14	33	costs	cost	NOUN
fbem-15373	14	34	for	for	ADP
fbem-15373	14	35	enterprises	enterprise	NOUN
fbem-15373	14	36	and	and	CCONJ
fbem-15373	14	37	increase	increase	VERB
fbem-15373	14	38	the	the	DET
fbem-15373	14	39	cost	cost	NOUN
fbem-15373	14	40	of	of	ADP
fbem-15373	14	41	exports	export	NOUN
fbem-15373	14	42	.	.	PUNCT
fbem-15373	15	1	information	information	NOUN
fbem-15373	15	2	disclosure	disclosure	NOUN
fbem-15373	15	3	will	will	AUX
fbem-15373	15	4	increase	increase	VERB
fbem-15373	15	5	the	the	DET
fbem-15373	15	6	cost	cost	NOUN
fbem-15373	15	7	of	of	ADP
fbem-15373	15	8	enterprises	enterprise	NOUN
fbem-15373	15	9	,	,	PUNCT
fbem-15373	15	10	which	which	PRON
fbem-15373	15	11	is	be	AUX
fbem-15373	15	12	unfavorable	unfavorable	ADJ
fbem-15373	15	13	to	to	ADP
fbem-15373	15	14	enterprises	enterprise	NOUN
fbem-15373	15	15	'	'	PART
fbem-15373	15	16	exports	export	NOUN
fbem-15373	15	17	.	.	PUNCT
fbem-15373	16	1	the	the	DET
fbem-15373	16	2	good	good	ADJ
fbem-15373	16	3	social	social	ADJ
fbem-15373	16	4	responsibility	responsibility	NOUN
fbem-15373	16	5	performance	performance	NOUN
fbem-15373	16	6	of	of	ADP
fbem-15373	16	7	enterprises	enterprise	NOUN
fbem-15373	16	8	can	can	AUX
fbem-15373	16	9	help	help	VERB
fbem-15373	16	10	them	they	PRON
fbem-15373	16	11	avoid	avoid	VERB
fbem-15373	16	12	trade	trade	NOUN
fbem-15373	16	13	barriers	barrier	NOUN
fbem-15373	16	14	of	of	ADP
fbem-15373	16	15	social	social	ADJ
fbem-15373	16	16	responsibility	responsibility	NOUN
fbem-15373	16	17	and	and	CCONJ
fbem-15373	16	18	promote	promote	VERB
fbem-15373	16	19	their	their	PRON
fbem-15373	16	20	exports	export	NOUN
fbem-15373	16	21	.	.	PUNCT
fbem-15373	17	1	han	han	PROPN
fbem-15373	17	2	chao	chao	PROPN
fbem-15373	17	3	and	and	CCONJ
fbem-15373	17	4	sang	sing	VERB
fbem-15373	17	5	ruicong	ruicong	PROPN
fbem-15373	17	6	analyzed	analyze	VERB
fbem-15373	17	7	the	the	DET
fbem-15373	17	8	impact	impact	NOUN
fbem-15373	17	9	of	of	ADP
fbem-15373	17	10	environmental	environmental	ADJ
fbem-15373	17	11	information	information	NOUN
fbem-15373	17	12	disclosure	disclosure	NOUN
fbem-15373	17	13	policies	policy	NOUN
fbem-15373	17	14	on	on	ADP
fbem-15373	17	15	enterprises	enterprise	NOUN
fbem-15373	17	16	and	and	CCONJ
fbem-15373	17	17	related	related	ADJ
fbem-15373	17	18	interest	interest	NOUN
fbem-15373	17	19	subjects	subject	NOUN
fbem-15373	17	20	in	in	ADP
fbem-15373	17	21	different	different	ADJ
fbem-15373	17	22	regions	region	NOUN
fbem-15373	17	23	in	in	ADP
fbem-15373	17	24	light	light	NOUN
fbem-15373	17	25	of	of	ADP
fbem-15373	17	26	the	the	DET
fbem-15373	17	27	implementation	implementation	NOUN
fbem-15373	17	28	of	of	ADP
fbem-15373	17	29	various	various	ADJ
fbem-15373	17	30	environmental	environmental	ADJ
fbem-15373	17	31	governance	governance	NOUN
fbem-15373	17	32	measures	measure	NOUN
fbem-15373	17	33	in	in	ADP
fbem-15373	17	34	domestic	domestic	ADJ
fbem-15373	17	35	municipalities	municipality	NOUN
fbem-15373	17	36	.	.	PUNCT
fbem-15373	18	1	in	in	ADP
fbem-15373	18	2	their	their	PRON
fbem-15373	18	3	research	research	NOUN
fbem-15373	18	4	,	,	PUNCT
fbem-15373	18	5	they	they	PRON
fbem-15373	18	6	found	find	VERB
fbem-15373	18	7	that	that	SCONJ
fbem-15373	18	8	environmental	environmental	ADJ
fbem-15373	18	9	information	information	NOUN
fbem-15373	18	10	disclosure	disclosure	NOUN
fbem-15373	18	11	and	and	CCONJ
fbem-15373	18	12	its	its	PRON
fbem-15373	18	13	related	related	ADJ
fbem-15373	18	14	policies	policy	NOUN
fbem-15373	18	15	have	have	VERB
fbem-15373	18	16	a	a	DET
fbem-15373	18	17	special	special	ADJ
fbem-15373	18	18	impact	impact	NOUN
fbem-15373	18	19	on	on	ADP
fbem-15373	18	20	the	the	DET
fbem-15373	18	21	category	category	NOUN
fbem-15373	18	22	and	and	CCONJ
fbem-15373	18	23	pricing	pricing	NOUN
fbem-15373	18	24	of	of	ADP
fbem-15373	18	25	intermediate	intermediate	ADJ
fbem-15373	18	26	products	product	NOUN
fbem-15373	18	27	as	as	ADV
fbem-15373	18	28	well	well	ADV
fbem-15373	18	29	as	as	ADP
fbem-15373	18	30	transaction	transaction	NOUN
fbem-15373	18	31	costs	cost	NOUN
fbem-15373	18	32	,	,	PUNCT
fbem-15373	18	33	and	and	CCONJ
fbem-15373	18	34	furthermore	furthermore	ADV
fbem-15373	18	35	have	have	VERB
fbem-15373	18	36	an	an	DET
fbem-15373	18	37	impact	impact	NOUN
fbem-15373	18	38	on	on	ADP
fbem-15373	18	39	enterprises	enterprise	NOUN
fbem-15373	18	40	'	'	PART
fbem-15373	18	41	exports	export	NOUN
fbem-15373	18	42	,	,	PUNCT
fbem-15373	18	43	resulting	result	VERB
fbem-15373	18	44	in	in	ADP
fbem-15373	18	45	unfavorable	unfavorable	ADJ
fbem-15373	18	46	exports	export	NOUN
fbem-15373	18	47	for	for	ADP
fbem-15373	18	48	enterprises.friede	enterprises.friede	PROPN
fbem-15373	18	49	et	et	NOUN
fbem-15373	18	50	al	al	PROPN
fbem-15373	18	51	.	.	PROPN
fbem-15373	18	52	and	and	CCONJ
fbem-15373	18	53	brogi	brogi	PROPN
fbem-15373	18	54	et	et	PROPN
fbem-15373	18	55	al.used	al.use	VERB
fbem-15373	18	56	local	local	ADJ
fbem-15373	18	57	firms	firm	NOUN
fbem-15373	18	58	'	'	PART
fbem-15373	18	59	esg	esg	PROPN
fbem-15373	18	60	data	datum	NOUN
fbem-15373	18	61	to	to	PART
fbem-15373	18	62	conduct	conduct	VERB
fbem-15373	18	63	empirical	empirical	ADJ
fbem-15373	18	64	research	research	NOUN
fbem-15373	18	65	and	and	CCONJ
fbem-15373	18	66	found	find	VERB
fbem-15373	18	67	that	that	SCONJ
fbem-15373	18	68	esg	esg	NOUN
fbem-15373	18	69	performance	performance	NOUN
fbem-15373	18	70	can	can	AUX
fbem-15373	18	71	positively	positively	ADV
fbem-15373	18	72	impact	impact	VERB
fbem-15373	18	73	firms	firm	NOUN
fbem-15373	18	74	'	'	PART
fbem-15373	18	75	profitability	profitability	NOUN
fbem-15373	18	76	.	.	PUNCT
fbem-15373	19	1	anastasiadou	anastasiadou	NOUN
fbem-15373	19	2	,	,	PUNCT
fbem-15373	19	3	lindh	lindh	NOUN
fbem-15373	19	4	,	,	PUNCT
fbem-15373	19	5	and	and	CCONJ
fbem-15373	19	6	vasse	vasse	NOUN
fbem-15373	19	7	found	find	VERB
fbem-15373	19	8	that	that	SCONJ
fbem-15373	19	9	firms	firm	NOUN
fbem-15373	19	10	with	with	ADP
fbem-15373	19	11	a	a	DET
fbem-15373	19	12	good	good	ADJ
fbem-15373	19	13	sense	sense	NOUN
fbem-15373	19	14	of	of	ADP
fbem-15373	19	15	social	social	ADJ
fbem-15373	19	16	responsibility	responsibility	NOUN
fbem-15373	19	17	can	can	AUX
fbem-15373	19	18	stimulate	stimulate	VERB
fbem-15373	19	19	the	the	DET
fbem-15373	19	20	willingness	willingness	NOUN
fbem-15373	19	21	to	to	PART
fbem-15373	19	22	consume	consume	VERB
fbem-15373	19	23	abroad	abroad	ADV
fbem-15373	19	24	,	,	PUNCT
fbem-15373	19	25	which	which	PRON
fbem-15373	19	26	is	be	AUX
fbem-15373	19	27	conducive	conducive	ADJ
fbem-15373	19	28	to	to	ADP
fbem-15373	19	29	firms	firm	NOUN
fbem-15373	19	30	'	'	PART
fbem-15373	19	31	product	product	NOUN
fbem-15373	19	32	exports	export	NOUN
fbem-15373	19	33	.	.	PUNCT
fbem-15373	20	1	using	use	VERB
fbem-15373	20	2	the	the	DET
fbem-15373	20	3	heckman	heckman	PROPN
fbem-15373	20	4	model	model	PROPN
fbem-15373	20	5	,	,	PUNCT
fbem-15373	20	6	lu	lu	PROPN
fbem-15373	20	7	juan	juan	PROPN
fbem-15373	20	8	,	,	PUNCT
fbem-15373	20	9	li	li	PROPN
fbem-15373	20	10	bin	bin	PROPN
fbem-15373	20	11	,	,	PUNCT
fbem-15373	20	12	and	and	CCONJ
fbem-15373	20	13	li	li	PROPN
fbem-15373	20	14	he	he	PRON
fbem-15373	20	15	examined	examine	VERB
fbem-15373	20	16	the	the	DET
fbem-15373	20	17	impact	impact	NOUN
fbem-15373	20	18	of	of	ADP
fbem-15373	20	19	environmental	environmental	ADJ
fbem-15373	20	20	information	information	NOUN
fbem-15373	20	21	disclosure	disclosure	NOUN
fbem-15373	20	22	of	of	ADP
fbem-15373	20	23	listed	list	VERB
fbem-15373	20	24	companies	company	NOUN
fbem-15373	20	25	on	on	ADP
fbem-15373	20	26	corporate	corporate	ADJ
fbem-15373	20	27	exports	export	NOUN
fbem-15373	20	28	.	.	PUNCT
fbem-15373	21	1	the	the	DET
fbem-15373	21	2	results	result	NOUN
fbem-15373	21	3	showed	show	VERB
fbem-15373	21	4	that	that	SCONJ
fbem-15373	21	5	corporate	corporate	ADJ
fbem-15373	21	6	environmental	environmental	ADJ
fbem-15373	21	7	information	information	NOUN
fbem-15373	21	8	disclosure	disclosure	NOUN
fbem-15373	21	9	has	have	VERB
fbem-15373	21	10	a	a	DET
fbem-15373	21	11	specific	specific	ADJ
fbem-15373	21	12	role	role	NOUN
fbem-15373	21	13	in	in	ADP
fbem-15373	21	14	promoting	promote	VERB
fbem-15373	21	15	corporate	corporate	ADJ
fbem-15373	21	16	exports	export	NOUN
fbem-15373	21	17	.	.	PUNCT
fbem-15373	22	1	when	when	SCONJ
fbem-15373	22	2	we	we	PRON
fbem-15373	22	3	analyzed	analyze	VERB
fbem-15373	22	4	heterogeneity	heterogeneity	NOUN
fbem-15373	22	5	,	,	PUNCT
fbem-15373	22	6	we	we	PRON
fbem-15373	22	7	found	find	VERB
fbem-15373	22	8	that	that	SCONJ
fbem-15373	22	9	its	its	PRON
fbem-15373	22	10	impact	impact	NOUN
fbem-15373	22	11	on	on	ADP
fbem-15373	22	12	the	the	DET
fbem-15373	22	13	exports	export	NOUN
fbem-15373	22	14	of	of	ADP
fbem-15373	22	15	foreign	foreign	ADJ
fbem-15373	22	16	companies	company	NOUN
fbem-15373	22	17	,	,	PUNCT
fbem-15373	22	18	large	large	ADJ
fbem-15373	22	19	companies	company	NOUN
fbem-15373	22	20	,	,	PUNCT
fbem-15373	22	21	and	and	CCONJ
fbem-15373	22	22	prominence	prominence	NOUN
fbem-15373	22	23	was	be	AUX
fbem-15373	22	24	more	more	ADV
fbem-15373	22	25	significant	significant	ADJ
fbem-15373	22	26	among	among	ADP
fbem-15373	22	27	companies	company	NOUN
fbem-15373	22	28	in	in	ADP
fbem-15373	22	29	heavily	heavily	ADV
fbem-15373	22	30	polluted	polluted	ADJ
fbem-15373	22	31	industries	industry	NOUN
fbem-15373	22	32	.	.	PUNCT
fbem-15373	23	1	when	when	SCONJ
fbem-15373	23	2	analyzed	analyze	VERB
fbem-15373	23	3	using	use	VERB
fbem-15373	23	4	heterogeneity	heterogeneity	NOUN
fbem-15373	23	5	,	,	PUNCT
fbem-15373	23	6	it	it	PRON
fbem-15373	23	7	was	be	AUX
fbem-15373	23	8	found	find	VERB
fbem-15373	23	9	that	that	SCONJ
fbem-15373	23	10	its	its	PRON
fbem-15373	23	11	impact	impact	NOUN
fbem-15373	23	12	on	on	ADP
fbem-15373	23	13	the	the	DET
fbem-15373	23	14	exports	export	NOUN
fbem-15373	23	15	of	of	ADP
fbem-15373	23	16	foreign	foreign	ADJ
fbem-15373	23	17	companies	company	NOUN
fbem-15373	23	18	,	,	PUNCT
fbem-15373	23	19	large	large	ADJ
fbem-15373	23	20	companies	company	NOUN
fbem-15373	23	21	,	,	PUNCT
fbem-15373	23	22	and	and	CCONJ
fbem-15373	23	23	companies	company	NOUN
fbem-15373	23	24	in	in	ADP
fbem-15373	23	25	heavily	heavily	ADV
fbem-15373	23	26	polluted	polluted	ADJ
fbem-15373	23	27	industries	industry	NOUN
fbem-15373	23	28	was	be	AUX
fbem-15373	23	29	prominent	prominent	ADJ
fbem-15373	23	30	.	.	PUNCT
fbem-15373	24	1	by	by	ADP
fbem-15373	24	2	studying	study	VERB
fbem-15373	24	3	the	the	DET
fbem-15373	24	4	economic	economic	ADJ
fbem-15373	24	5	consequences	consequence	NOUN
fbem-15373	24	6	of	of	ADP
fbem-15373	24	7	esg	esg	PROPN
fbem-15373	24	8	investment	investment	NOUN
fbem-15373	24	9	,	,	PUNCT
fbem-15373	24	10	jane	jane	PROPN
fbem-15373	24	11	li	li	PROPN
fbem-15373	24	12	found	find	VERB
fbem-15373	24	13	that	that	SCONJ
fbem-15373	24	14	esg	esg	NOUN
fbem-15373	24	15	investment	investment	NOUN
fbem-15373	24	16	strategies	strategy	NOUN
fbem-15373	24	17	can	can	AUX
fbem-15373	24	18	bring	bring	VERB
fbem-15373	24	19	considerable	considerable	ADJ
fbem-15373	24	20	investment	investment	NOUN
fbem-15373	24	21	returns	return	NOUN
fbem-15373	24	22	to	to	ADP
fbem-15373	24	23	investors	investor	NOUN
fbem-15373	24	24	and	and	CCONJ
fbem-15373	24	25	generate	generate	VERB
fbem-15373	24	26	long	long	ADJ
fbem-15373	24	27	-	-	PUNCT
fbem-15373	24	28	term	term	NOUN
fbem-15373	24	29	social	social	ADJ
fbem-15373	24	30	value	value	NOUN
fbem-15373	24	31	.	.	PUNCT
fbem-15373	25	1	xu	xu	PROPN
fbem-15373	25	2	yan	yan	PROPN
fbem-15373	25	3	found	find	VERB
fbem-15373	25	4	that	that	SCONJ
fbem-15373	25	5	the	the	PRON
fbem-15373	25	6	better	well	ADJ
fbem-15373	25	7	the	the	DET
fbem-15373	25	8	esg	esg	NOUN
fbem-15373	25	9	performance	performance	NOUN
fbem-15373	25	10	of	of	ADP
fbem-15373	25	11	a	a	DET
fbem-15373	25	12	company	company	NOUN
fbem-15373	25	13	,	,	PUNCT
fbem-15373	25	14	the	the	DET
fbem-15373	25	15	better	well	ADJ
fbem-15373	25	16	esg	esg	NOUN
fbem-15373	25	17	performance	performance	NOUN
fbem-15373	25	18	enhances	enhance	VERB
fbem-15373	25	19	the	the	DET
fbem-15373	25	20	corporate	corporate	ADJ
fbem-15373	25	21	image	image	NOUN
fbem-15373	25	22	and	and	CCONJ
fbem-15373	25	23	enables	enable	VERB
fbem-15373	25	24	the	the	DET
fbem-15373	25	25	company	company	NOUN
fbem-15373	25	26	to	to	PART
fbem-15373	25	27	occupy	occupy	VERB
fbem-15373	25	28	a	a	DET
fbem-15373	25	29	larger	large	ADJ
fbem-15373	25	30	market	market	NOUN
fbem-15373	25	31	share	share	NOUN
fbem-15373	25	32	,	,	PUNCT
fbem-15373	25	33	which	which	PRON
fbem-15373	25	34	affects	affect	VERB
fbem-15373	25	35	the	the	DET
fbem-15373	25	36	company	company	NOUN
fbem-15373	25	37	's	's	PART
fbem-15373	25	38	profitability[1	profitability[1	NOUN
fbem-15373	25	39	-	-	SYM
fbem-15373	25	40	3	3	NUM
fbem-15373	25	41	]	]	PUNCT
fbem-15373	25	42	.	.	PUNCT
fbem-15373	26	1	62	62	NUM
fbem-15373	26	2	3	3	NUM
fbem-15373	26	3	.	.	PUNCT
fbem-15373	26	4	theoretical	theoretical	ADJ
fbem-15373	26	5	analysis	analysis	NOUN
fbem-15373	26	6	and	and	CCONJ
fbem-15373	26	7	research	research	NOUN
fbem-15373	26	8	hypothesis	hypothesis	NOUN
fbem-15373	26	9	export	export	NOUN
fbem-15373	26	10	trade	trade	NOUN
fbem-15373	26	11	can	can	AUX
fbem-15373	26	12	expand	expand	VERB
fbem-15373	26	13	the	the	DET
fbem-15373	26	14	enterprise	enterprise	NOUN
fbem-15373	26	15	's	's	PART
fbem-15373	26	16	overseas	overseas	ADJ
fbem-15373	26	17	market	market	NOUN
fbem-15373	26	18	,	,	PUNCT
fbem-15373	26	19	find	find	VERB
fbem-15373	26	20	more	more	ADJ
fbem-15373	26	21	potential	potential	ADJ
fbem-15373	26	22	demand	demand	NOUN
fbem-15373	26	23	to	to	PART
fbem-15373	26	24	promote	promote	VERB
fbem-15373	26	25	production	production	NOUN
fbem-15373	26	26	,	,	PUNCT
fbem-15373	26	27	realize	realize	VERB
fbem-15373	26	28	economies	economy	NOUN
fbem-15373	26	29	of	of	ADP
fbem-15373	26	30	scale	scale	NOUN
fbem-15373	26	31	,	,	PUNCT
fbem-15373	26	32	and	and	CCONJ
fbem-15373	26	33	even	even	ADV
fbem-15373	26	34	obtain	obtain	VERB
fbem-15373	26	35	higher	high	ADJ
fbem-15373	26	36	profits	profit	NOUN
fbem-15373	26	37	.	.	PUNCT
fbem-15373	27	1	there	there	PRON
fbem-15373	27	2	are	be	VERB
fbem-15373	27	3	generally	generally	ADV
fbem-15373	27	4	two	two	NUM
fbem-15373	27	5	ways	way	NOUN
fbem-15373	27	6	for	for	SCONJ
fbem-15373	27	7	export	export	NOUN
fbem-15373	27	8	enterprises	enterprise	NOUN
fbem-15373	27	9	to	to	PART
fbem-15373	27	10	maximize	maximize	VERB
fbem-15373	27	11	profits	profit	NOUN
fbem-15373	27	12	:	:	PUNCT
fbem-15373	27	13	to	to	PART
fbem-15373	27	14	reduce	reduce	VERB
fbem-15373	27	15	costs	cost	NOUN
fbem-15373	27	16	and	and	CCONJ
fbem-15373	27	17	increase	increase	VERB
fbem-15373	27	18	the	the	DET
fbem-15373	27	19	profit	profit	NOUN
fbem-15373	27	20	margin	margin	NOUN
fbem-15373	27	21	of	of	ADP
fbem-15373	27	22	individual	individual	ADJ
fbem-15373	27	23	products	product	NOUN
fbem-15373	27	24	,	,	PUNCT
fbem-15373	27	25	to	to	PART
fbem-15373	27	26	expand	expand	VERB
fbem-15373	27	27	sales	sale	NOUN
fbem-15373	27	28	,	,	PUNCT
fbem-15373	27	29	and	and	CCONJ
fbem-15373	27	30	to	to	PART
fbem-15373	27	31	achieve	achieve	VERB
fbem-15373	27	32	total	total	ADJ
fbem-15373	27	33	growth	growth	NOUN
fbem-15373	27	34	.	.	PUNCT
fbem-15373	28	1	according	accord	VERB
fbem-15373	28	2	to	to	ADP
fbem-15373	28	3	stakeholder	stakeholder	PROPN
fbem-15373	28	4	theory	theory	NOUN
fbem-15373	28	5	,	,	PUNCT
fbem-15373	28	6	good	good	ADJ
fbem-15373	28	7	esg	esg	PROPN
fbem-15373	28	8	performance	performance	NOUN
fbem-15373	28	9	of	of	ADP
fbem-15373	28	10	enterprises	enterprise	NOUN
fbem-15373	28	11	is	be	AUX
fbem-15373	28	12	more	more	ADV
fbem-15373	28	13	likely	likely	ADJ
fbem-15373	28	14	to	to	PART
fbem-15373	28	15	gain	gain	VERB
fbem-15373	28	16	the	the	DET
fbem-15373	28	17	favor	favor	NOUN
fbem-15373	28	18	of	of	ADP
fbem-15373	28	19	relevant	relevant	ADJ
fbem-15373	28	20	stakeholders	stakeholder	NOUN
fbem-15373	28	21	in	in	ADP
fbem-15373	28	22	the	the	DET
fbem-15373	28	23	market	market	NOUN
fbem-15373	28	24	so	so	SCONJ
fbem-15373	28	25	that	that	SCONJ
fbem-15373	28	26	export	export	NOUN
fbem-15373	28	27	enterprises	enterprise	NOUN
fbem-15373	28	28	can	can	AUX
fbem-15373	28	29	obtain	obtain	VERB
fbem-15373	28	30	the	the	DET
fbem-15373	28	31	advantages	advantage	NOUN
fbem-15373	28	32	of	of	ADP
fbem-15373	28	33	low	low	ADJ
fbem-15373	28	34	cost	cost	NOUN
fbem-15373	28	35	and	and	CCONJ
fbem-15373	28	36	high	high	ADJ
fbem-15373	28	37	market	market	NOUN
fbem-15373	28	38	share	share	NOUN
fbem-15373	28	39	.	.	PUNCT
fbem-15373	29	1	based	base	VERB
fbem-15373	29	2	on	on	ADP
fbem-15373	29	3	the	the	DET
fbem-15373	29	4	appeal	appeal	NOUN
fbem-15373	29	5	analysis	analysis	NOUN
fbem-15373	29	6	,	,	PUNCT
fbem-15373	29	7	this	this	DET
fbem-15373	29	8	paper	paper	NOUN
fbem-15373	29	9	proposes	propose	VERB
fbem-15373	29	10	the	the	DET
fbem-15373	29	11	following	follow	VERB
fbem-15373	29	12	three	three	NUM
fbem-15373	29	13	hypotheses	hypothesis	NOUN
fbem-15373	29	14	:	:	PUNCT
fbem-15373	29	15	h1	h1	NOUN
fbem-15373	29	16	:	:	PUNCT
fbem-15373	29	17	the	the	DET
fbem-15373	29	18	positive	positive	ADJ
fbem-15373	29	19	influence	influence	NOUN
fbem-15373	29	20	of	of	ADP
fbem-15373	29	21	a	a	DET
fbem-15373	29	22	company	company	NOUN
fbem-15373	29	23	's	's	PART
fbem-15373	29	24	esg	esg	NOUN
fbem-15373	29	25	performance	performance	NOUN
fbem-15373	29	26	on	on	ADP
fbem-15373	29	27	its	its	PRON
fbem-15373	29	28	export	export	NOUN
fbem-15373	29	29	activities	activity	NOUN
fbem-15373	29	30	h2	h2	NOUN
fbem-15373	29	31	:	:	PUNCT
fbem-15373	29	32	firms	firm	NOUN
fbem-15373	29	33	'	'	PART
fbem-15373	29	34	esg	esg	NOUN
fbem-15373	29	35	performance	performance	NOUN
fbem-15373	29	36	can	can	AUX
fbem-15373	29	37	increase	increase	VERB
fbem-15373	29	38	market	market	NOUN
fbem-15373	29	39	share	share	NOUN
fbem-15373	29	40	in	in	ADP
fbem-15373	29	41	their	their	PRON
fbem-15373	29	42	industry	industry	NOUN
fbem-15373	29	43	h3	h3	NOUN
fbem-15373	29	44	:	:	PUNCT
fbem-15373	29	45	firms	firm	NOUN
fbem-15373	29	46	with	with	ADP
fbem-15373	29	47	good	good	ADJ
fbem-15373	29	48	esg	esg	PROPN
fbem-15373	29	49	performance	performance	NOUN
fbem-15373	29	50	can	can	AUX
fbem-15373	29	51	boost	boost	VERB
fbem-15373	29	52	their	their	PRON
fbem-15373	29	53	exports	export	NOUN
fbem-15373	29	54	by	by	ADP
fbem-15373	29	55	increasing	increase	VERB
fbem-15373	29	56	market	market	NOUN
fbem-15373	29	57	share	share	NOUN
fbem-15373	29	58	in	in	ADP
fbem-15373	29	59	their	their	PRON
fbem-15373	29	60	industry	industry	NOUN
fbem-15373	29	61	4	4	NUM
fbem-15373	29	62	.	.	PUNCT
fbem-15373	29	63	research	research	NOUN
fbem-15373	29	64	design	design	NOUN
fbem-15373	29	65	4.1	4.1	NUM
fbem-15373	29	66	.	.	PUNCT
fbem-15373	30	1	study	study	NOUN
fbem-15373	30	2	sample	sample	NOUN
fbem-15373	30	3	and	and	CCONJ
fbem-15373	30	4	data	datum	NOUN
fbem-15373	30	5	sources	source	NOUN
fbem-15373	30	6	the	the	DET
fbem-15373	30	7	a	a	DET
fbem-15373	30	8	-	-	PUNCT
fbem-15373	30	9	share	share	NOUN
fbem-15373	30	10	listing	listing	NOUN
fbem-15373	30	11	in	in	ADP
fbem-15373	30	12	the	the	DET
fbem-15373	30	13	year	year	NOUN
fbem-15373	30	14	2017	2017	NUM
fbem-15373	30	15	-	-	SYM
fbem-15373	30	16	2022	2022	NUM
fbem-15373	30	17	is	be	AUX
fbem-15373	30	18	taken	take	VERB
fbem-15373	30	19	as	as	ADP
fbem-15373	30	20	the	the	DET
fbem-15373	30	21	initial	initial	ADJ
fbem-15373	30	22	sample	sample	NOUN
fbem-15373	30	23	.	.	PUNCT
fbem-15373	31	1	due	due	ADP
fbem-15373	31	2	to	to	ADP
fbem-15373	31	3	the	the	DET
fbem-15373	31	4	limitation	limitation	NOUN
fbem-15373	31	5	of	of	ADP
fbem-15373	31	6	esg	esg	PROPN
fbem-15373	31	7	score	score	NOUN
fbem-15373	31	8	and	and	CCONJ
fbem-15373	31	9	overseas	overseas	ADJ
fbem-15373	31	10	sales	sale	NOUN
fbem-15373	31	11	revenue	revenue	NOUN
fbem-15373	31	12	data	datum	NOUN
fbem-15373	31	13	,	,	PUNCT
fbem-15373	31	14	the	the	DET
fbem-15373	31	15	updated	update	VERB
fbem-15373	31	16	data	data	NOUN
fbem-15373	31	17	is	be	AUX
fbem-15373	31	18	more	more	ADV
fbem-15373	31	19	meaningful	meaningful	ADJ
fbem-15373	31	20	for	for	ADP
fbem-15373	31	21	research	research	NOUN
fbem-15373	31	22	.	.	PUNCT
fbem-15373	32	1	based	base	VERB
fbem-15373	32	2	on	on	ADP
fbem-15373	32	3	the	the	DET
fbem-15373	32	4	initial	initial	ADJ
fbem-15373	32	5	sample	sample	NOUN
fbem-15373	32	6	,	,	PUNCT
fbem-15373	32	7	we	we	PRON
fbem-15373	32	8	exclude	exclude	VERB
fbem-15373	32	9	(	(	PUNCT
fbem-15373	32	10	1)financial	1)financial	NUM
fbem-15373	32	11	industry	industry	NOUN
fbem-15373	32	12	samples	sample	NOUN
fbem-15373	32	13	(	(	PUNCT
fbem-15373	32	14	2)st	2)st	NUM
fbem-15373	32	15	and	and	CCONJ
fbem-15373	32	16	*	*	PUNCT
fbem-15373	32	17	st	st	PROPN
fbem-15373	32	18	companies	company	NOUN
fbem-15373	32	19	(	(	PUNCT
fbem-15373	32	20	3)samples	3)sample	NOUN
fbem-15373	32	21	with	with	ADP
fbem-15373	32	22	gearing	gear	VERB
fbem-15373	32	23	ratio	ratio	NOUN
fbem-15373	32	24	more	more	ADV
fbem-15373	32	25	excellent	excellent	ADJ
fbem-15373	32	26	than	than	ADP
fbem-15373	32	27	one	one	NUM
fbem-15373	32	28	(	(	PUNCT
fbem-15373	32	29	4)samples	4)samples	NUM
fbem-15373	32	30	with	with	ADP
fbem-15373	32	31	missing	miss	VERB
fbem-15373	32	32	variables	variable	NOUN
fbem-15373	32	33	(	(	PUNCT
fbem-15373	32	34	5)companies	5)companie	NOUN
fbem-15373	32	35	with	with	ADP
fbem-15373	32	36	more	more	ADV
fbem-15373	32	37	missing	missing	ADJ
fbem-15373	32	38	data	datum	NOUN
fbem-15373	32	39	of	of	ADP
fbem-15373	32	40	overseas	overseas	ADJ
fbem-15373	32	41	sales	sale	NOUN
fbem-15373	32	42	revenue	revenue	NOUN
fbem-15373	32	43	are	be	AUX
fbem-15373	32	44	excluded	exclude	VERB
fbem-15373	32	45	.	.	PUNCT
fbem-15373	33	1	after	after	ADP
fbem-15373	33	2	processing	processing	NOUN
fbem-15373	33	3	,	,	PUNCT
fbem-15373	33	4	the	the	DET
fbem-15373	33	5	final	final	ADJ
fbem-15373	33	6	"	"	PUNCT
fbem-15373	33	7	company	company	NOUN
fbem-15373	33	8	-	-	PUNCT
fbem-15373	33	9	year	year	NOUN
fbem-15373	33	10	"	"	PUNCT
fbem-15373	33	11	observations	observation	NOUN
fbem-15373	33	12	are	be	AUX
fbem-15373	33	13	obtained	obtain	VERB
fbem-15373	33	14	.	.	PUNCT
fbem-15373	34	1	the	the	DET
fbem-15373	34	2	esg	esg	PROPN
fbem-15373	34	3	performance	performance	NOUN
fbem-15373	34	4	data	datum	NOUN
fbem-15373	34	5	of	of	ADP
fbem-15373	34	6	companies	company	NOUN
fbem-15373	34	7	used	use	VERB
fbem-15373	34	8	in	in	ADP
fbem-15373	34	9	the	the	DET
fbem-15373	34	10	study	study	NOUN
fbem-15373	34	11	are	be	AUX
fbem-15373	34	12	from	from	ADP
fbem-15373	34	13	the	the	DET
fbem-15373	34	14	business	business	NOUN
fbem-15373	34	15	gateway	gateway	NOUN
fbem-15373	34	16	green	green	ADJ
fbem-15373	34	17	database	database	NOUN
fbem-15373	34	18	,	,	PUNCT
fbem-15373	34	19	while	while	SCONJ
fbem-15373	34	20	the	the	DET
fbem-15373	34	21	other	other	ADJ
fbem-15373	34	22	data	datum	NOUN
fbem-15373	34	23	are	be	AUX
fbem-15373	34	24	from	from	ADP
fbem-15373	34	25	the	the	DET
fbem-15373	34	26	wind	wind	NOUN
fbem-15373	34	27	database	database	NOUN
fbem-15373	34	28	.	.	PUNCT
fbem-15373	35	1	to	to	PART
fbem-15373	35	2	account	account	VERB
fbem-15373	35	3	for	for	ADP
fbem-15373	35	4	negative	negative	ADJ
fbem-15373	35	5	influences	influence	NOUN
fbem-15373	35	6	of	of	ADP
fbem-15373	35	7	extreme	extreme	ADJ
fbem-15373	35	8	values	value	NOUN
fbem-15373	35	9	,	,	PUNCT
fbem-15373	35	10	all	all	DET
fbem-15373	35	11	continuous	continuous	ADJ
fbem-15373	35	12	variables	variable	NOUN
fbem-15373	35	13	were	be	AUX
fbem-15373	35	14	quantified	quantify	VERB
fbem-15373	35	15	with	with	ADP
fbem-15373	35	16	tails	tail	NOUN
fbem-15373	35	17	at	at	ADP
fbem-15373	35	18	the	the	DET
fbem-15373	35	19	1	1	NUM
fbem-15373	35	20	%	%	NOUN
fbem-15373	35	21	and	and	CCONJ
fbem-15373	35	22	99	99	NUM
fbem-15373	35	23	%	%	NOUN
fbem-15373	35	24	levels	level	NOUN
fbem-15373	35	25	.	.	PUNCT
fbem-15373	36	1	specific	specific	ADJ
fbem-15373	36	2	variables	variable	NOUN
fbem-15373	36	3	are	be	AUX
fbem-15373	36	4	defined	define	VERB
fbem-15373	36	5	as	as	SCONJ
fbem-15373	36	6	shown	show	VERB
fbem-15373	36	7	in	in	ADP
fbem-15373	36	8	table	table	NOUN
fbem-15373	36	9	1	1	NUM
fbem-15373	36	10	table1	table1	NOUN
fbem-15373	36	11	.	.	PUNCT
fbem-15373	37	1	definition	definition	NOUN
fbem-15373	37	2	table	table	NOUN
fbem-15373	37	3	of	of	ADP
fbem-15373	37	4	main	main	ADJ
fbem-15373	37	5	variables	variable	NOUN
fbem-15373	37	6	variable	variable	ADJ
fbem-15373	37	7	type	type	NOUN
fbem-15373	37	8	notation	notation	NOUN
fbem-15373	37	9	variable	variable	ADJ
fbem-15373	37	10	name	name	NOUN
fbem-15373	37	11	measurement	measurement	NOUN
fbem-15373	37	12	methods	method	NOUN
fbem-15373	37	13	data	datum	NOUN
fbem-15373	37	14	sources	source	NOUN
fbem-15373	37	15	explanatory	explanatory	ADJ
fbem-15373	37	16	variable	variable	ADJ
fbem-15373	37	17	exp	exp	NOUN
fbem-15373	37	18	enterprise	enterprise	NOUN
fbem-15373	37	19	exports	export	NOUN
fbem-15373	37	20	natural	natural	ADJ
fbem-15373	37	21	logarithm	logarithm	NOUN
fbem-15373	37	22	of	of	ADP
fbem-15373	37	23	income	income	NOUN
fbem-15373	37	24	from	from	ADP
fbem-15373	37	25	overseas	overseas	ADJ
fbem-15373	37	26	operations	operation	NOUN
fbem-15373	37	27	wind	wind	NOUN
fbem-15373	37	28	database	database	NOUN
fbem-15373	37	29	explanatory	explanatory	ADJ
fbem-15373	37	30	variable	variable	ADJ
fbem-15373	37	31	esg	esg	PROPN
fbem-15373	37	32	esg	esg	PROPN
fbem-15373	37	33	performance	performance	NOUN
fbem-15373	37	34	annual	annual	ADJ
fbem-15373	37	35	average	average	NOUN
fbem-15373	37	36	of	of	ADP
fbem-15373	37	37	esg	esg	PROPN
fbem-15373	37	38	ratings	rating	NOUN
fbem-15373	37	39	for	for	ADP
fbem-15373	37	40	the	the	DET
fbem-15373	37	41	business	business	NOUN
fbem-15373	37	42	gateway	gateway	NOUN
fbem-15373	37	43	to	to	ADP
fbem-15373	37	44	green	green	ADJ
fbem-15373	37	45	commercial	commercial	ADJ
fbem-15373	37	46	greenway	greenway	PROPN
fbem-15373	37	47	moderator	moderator	PROPN
fbem-15373	37	48	variable	variable	ADJ
fbem-15373	37	49	pms	pm	NOUN
fbem-15373	37	50	market	market	NOUN
fbem-15373	37	51	share	share	NOUN
fbem-15373	37	52	in	in	ADP
fbem-15373	37	53	the	the	DET
fbem-15373	37	54	industry	industry	NOUN
fbem-15373	37	55	wind	wind	NOUN
fbem-15373	37	56	database	database	NOUN
fbem-15373	37	57	control	control	NOUN
fbem-15373	37	58	variable	variable	ADJ
fbem-15373	37	59	size	size	NOUN
fbem-15373	37	60	enterprise	enterprise	NOUN
fbem-15373	37	61	size	size	NOUN
fbem-15373	37	62	natural	natural	ADJ
fbem-15373	37	63	logarithm	logarithm	NOUN
fbem-15373	37	64	of	of	ADP
fbem-15373	37	65	total	total	ADJ
fbem-15373	37	66	business	business	NOUN
fbem-15373	37	67	assets	asset	NOUN
fbem-15373	37	68	wind	wind	NOUN
fbem-15373	37	69	database	database	NOUN
fbem-15373	37	70	roa	roa	PROPN
fbem-15373	37	71	profitability	profitability	NOUN
fbem-15373	37	72	net	net	ADJ
fbem-15373	37	73	profit	profit	NOUN
fbem-15373	37	74	/	/	SYM
fbem-15373	37	75	average	average	ADJ
fbem-15373	37	76	balance	balance	NOUN
fbem-15373	37	77	of	of	ADP
fbem-15373	37	78	total	total	ADJ
fbem-15373	37	79	assets	asset	NOUN
fbem-15373	37	80	wind	wind	NOUN
fbem-15373	37	81	database	database	NOUN
fbem-15373	37	82	cash	cash	NOUN
fbem-15373	37	83	enterprise	enterprise	NOUN
fbem-15373	37	84	cash	cash	NOUN
fbem-15373	37	85	volume	volume	NOUN
fbem-15373	37	86	monetary	monetary	ADJ
fbem-15373	37	87	funds	fund	NOUN
fbem-15373	37	88	/	/	SYM
fbem-15373	37	89	total	total	ADJ
fbem-15373	37	90	assets	asset	NOUN
fbem-15373	37	91	wind	wind	NOUN
fbem-15373	37	92	database	database	NOUN
fbem-15373	37	93	grow	grow	VERB
fbem-15373	37	94	enterprise	enterprise	NOUN
fbem-15373	37	95	growth	growth	NOUN
fbem-15373	37	96	(	(	PUNCT
fbem-15373	37	97	income	income	NOUN
fbem-15373	37	98	from	from	ADP
fbem-15373	37	99	the	the	DET
fbem-15373	37	100	main	main	ADJ
fbem-15373	37	101	business	business	NOUN
fbem-15373	37	102	of	of	ADP
fbem-15373	37	103	the	the	DET
fbem-15373	37	104	current	current	ADJ
fbem-15373	37	105	period	period	NOUN
fbem-15373	37	106	income	income	NOUN
fbem-15373	37	107	from	from	ADP
fbem-15373	37	108	the	the	DET
fbem-15373	37	109	main	main	ADJ
fbem-15373	37	110	business	business	NOUN
fbem-15373	37	111	of	of	ADP
fbem-15373	37	112	the	the	DET
fbem-15373	37	113	previous	previous	ADJ
fbem-15373	37	114	period)/income	period)/income	NOUN
fbem-15373	37	115	from	from	ADP
fbem-15373	37	116	the	the	DET
fbem-15373	37	117	main	main	ADJ
fbem-15373	37	118	business	business	NOUN
fbem-15373	37	119	of	of	ADP
fbem-15373	37	120	the	the	DET
fbem-15373	37	121	previous	previous	ADJ
fbem-15373	37	122	period	period	NOUN
fbem-15373	37	123	wind	wind	NOUN
fbem-15373	37	124	database	database	NOUN
fbem-15373	37	125	lev	lev	NOUN
fbem-15373	37	126	gearing	gear	VERB
fbem-15373	37	127	total	total	ADJ
fbem-15373	37	128	liabilities	liability	NOUN
fbem-15373	37	129	/	/	SYM
fbem-15373	37	130	total	total	ADJ
fbem-15373	37	131	capital	capital	NOUN
fbem-15373	37	132	wind	wind	NOUN
fbem-15373	37	133	database	database	NOUN
fbem-15373	37	134	4.2	4.2	NUM
fbem-15373	37	135	.	.	PUNCT
fbem-15373	38	1	modeling	modeling	NOUN
fbem-15373	38	2	according	accord	VERB
fbem-15373	38	3	to	to	ADP
fbem-15373	38	4	the	the	DET
fbem-15373	38	5	article	article	NOUN
fbem-15373	38	6	's	's	PART
fbem-15373	38	7	hypotheses	hypothesis	NOUN
fbem-15373	38	8	,	,	PUNCT
fbem-15373	38	9	the	the	DET
fbem-15373	38	10	natural	natural	ADJ
fbem-15373	38	11	logarithm	logarithm	NOUN
fbem-15373	38	12	of	of	ADP
fbem-15373	38	13	overseas	overseas	ADJ
fbem-15373	38	14	business	business	NOUN
fbem-15373	38	15	revenues	revenue	NOUN
fbem-15373	38	16	of	of	ADP
fbem-15373	38	17	listed	list	VERB
fbem-15373	38	18	firms	firm	NOUN
fbem-15373	38	19	is	be	AUX
fbem-15373	38	20	the	the	DET
fbem-15373	38	21	explanatory	explanatory	ADJ
fbem-15373	38	22	variable	variable	NOUN
fbem-15373	38	23	in	in	ADP
fbem-15373	38	24	this	this	DET
fbem-15373	38	25	paper	paper	NOUN
fbem-15373	38	26	,	,	PUNCT
fbem-15373	38	27	and	and	CCONJ
fbem-15373	38	28	firms	firm	NOUN
fbem-15373	38	29	'	'	PART
fbem-15373	38	30	esg	esg	NOUN
fbem-15373	38	31	performance	performance	NOUN
fbem-15373	38	32	is	be	AUX
fbem-15373	38	33	the	the	DET
fbem-15373	38	34	explanatory	explanatory	ADJ
fbem-15373	38	35	variable	variable	NOUN
fbem-15373	38	36	.	.	PUNCT
fbem-15373	39	1	in	in	ADP
fbem-15373	39	2	addition	addition	NOUN
fbem-15373	39	3	,	,	PUNCT
fbem-15373	39	4	an	an	DET
fbem-15373	39	5	individual	individual	ADJ
fbem-15373	39	6	dummy	dummy	ADJ
fbem-15373	39	7	variable	variable	NOUN
fbem-15373	39	8	(	(	PUNCT
fbem-15373	39	9	ind	ind	NOUN
fbem-15373	39	10	)	)	PUNCT
fbem-15373	39	11	and	and	CCONJ
fbem-15373	39	12	a	a	DET
fbem-15373	39	13	time	time	NOUN
fbem-15373	39	14	dummy	dummy	ADJ
fbem-15373	39	15	variable	variable	NOUN
fbem-15373	39	16	(	(	PUNCT
fbem-15373	39	17	year	year	NOUN
fbem-15373	39	18	)	)	PUNCT
fbem-15373	39	19	are	be	AUX
fbem-15373	39	20	also	also	ADV
fbem-15373	39	21	generated	generate	VERB
fbem-15373	39	22	to	to	PART
fbem-15373	39	23	control	control	VERB
fbem-15373	39	24	the	the	DET
fbem-15373	39	25	individual	individual	ADJ
fbem-15373	39	26	fixed	fix	VERB
fbem-15373	39	27	effects	effect	NOUN
fbem-15373	39	28	and	and	CCONJ
fbem-15373	39	29	time	time	NOUN
fbem-15373	39	30	fixed	fix	VERB
fbem-15373	39	31	effects	effect	NOUN
fbem-15373	39	32	,	,	PUNCT
fbem-15373	39	33	and	and	CCONJ
fbem-15373	39	34	the	the	DET
fbem-15373	39	35	following	follow	VERB
fbem-15373	39	36	panel	panel	NOUN
fbem-15373	39	37	regression	regression	NOUN
fbem-15373	39	38	model	model	NOUN
fbem-15373	39	39	is	be	AUX
fbem-15373	39	40	built	build	VERB
fbem-15373	39	41	in	in	ADP
fbem-15373	39	42	two	two	NUM
fbem-15373	39	43	steps	step	NOUN
fbem-15373	39	44	.	.	PUNCT
fbem-15373	40	1	in	in	ADP
fbem-15373	40	2	the	the	DET
fbem-15373	40	3	first	first	ADJ
fbem-15373	40	4	step	step	NOUN
fbem-15373	40	5	,	,	PUNCT
fbem-15373	40	6	according	accord	VERB
fbem-15373	40	7	to	to	ADP
fbem-15373	40	8	hypothesis	hypothesis	NOUN
fbem-15373	40	9	1	1	NUM
fbem-15373	40	10	,	,	PUNCT
fbem-15373	40	11	a	a	DET
fbem-15373	40	12	single	single	ADJ
fbem-15373	40	13	relationship	relationship	NOUN
fbem-15373	40	14	model	model	NOUN
fbem-15373	40	15	of	of	ADP
fbem-15373	40	16	the	the	DET
fbem-15373	40	17	impact	impact	NOUN
fbem-15373	40	18	of	of	ADP
fbem-15373	40	19	firms	firm	NOUN
fbem-15373	40	20	'	'	PART
fbem-15373	40	21	esg	esg	NOUN
fbem-15373	40	22	performance	performance	NOUN
fbem-15373	40	23	on	on	ADP
fbem-15373	40	24	firms	firm	NOUN
fbem-15373	40	25	'	'	PART
fbem-15373	40	26	exports	export	NOUN
fbem-15373	40	27	is	be	AUX
fbem-15373	40	28	constructed	construct	VERB
fbem-15373	40	29	as	as	ADP
fbem-15373	40	30	in	in	ADP
fbem-15373	40	31	equation	equation	NOUN
fbem-15373	40	32	(	(	PUNCT
fbem-15373	40	33	1	1	NUM
fbem-15373	40	34	):	):	PUNCT
fbem-15373	40	35	𝐸𝑋𝑃	𝐸𝑋𝑃	PROPN
fbem-15373	40	36	𝜂	𝜂	NOUN
fbem-15373	40	37	𝛼1𝐸𝑆𝐺	𝛼1𝐸𝑆𝐺	NOUN
fbem-15373	40	38	𝛼2𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖	𝛼2𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖	PROPN
fbem-15373	40	39	∑𝛼𝑖𝐼𝑛𝑑	∑𝛼𝑖𝐼𝑛𝑑	PUNCT
fbem-15373	40	40	∑𝛼𝑗𝑌𝑒𝑎𝑟	∑𝛼𝑗𝑌𝑒𝑎𝑟	NOUN
fbem-15373	40	41	𝜀	𝜀	X
fbem-15373	40	42	(	(	PUNCT
fbem-15373	40	43	1	1	NUM
fbem-15373	40	44	)	)	PUNCT
fbem-15373	40	45	in	in	ADP
fbem-15373	40	46	the	the	DET
fbem-15373	40	47	second	second	ADJ
fbem-15373	40	48	step	step	NOUN
fbem-15373	40	49	,	,	PUNCT
fbem-15373	40	50	according	accord	VERB
fbem-15373	40	51	to	to	ADP
fbem-15373	40	52	hypotheses	hypothesis	NOUN
fbem-15373	40	53	2	2	NUM
fbem-15373	40	54	and	and	CCONJ
fbem-15373	40	55	3	3	NUM
fbem-15373	40	56	,	,	PUNCT
fbem-15373	40	57	the	the	DET
fbem-15373	40	58	market	market	NOUN
fbem-15373	40	59	share	share	NOUN
fbem-15373	40	60	of	of	ADP
fbem-15373	40	61	the	the	DET
fbem-15373	40	62	host	host	NOUN
fbem-15373	40	63	industry	industry	NOUN
fbem-15373	40	64	(	(	PUNCT
fbem-15373	40	65	pms	pms	PROPN
fbem-15373	40	66	)	)	PUNCT
fbem-15373	40	67	is	be	AUX
fbem-15373	40	68	used	use	VERB
fbem-15373	40	69	as	as	ADP
fbem-15373	40	70	a	a	DET
fbem-15373	40	71	moderating	moderate	VERB
fbem-15373	40	72	variable	variable	NOUN
fbem-15373	40	73	to	to	PART
fbem-15373	40	74	build	build	VERB
fbem-15373	40	75	a	a	DET
fbem-15373	40	76	moderating	moderate	VERB
fbem-15373	40	77	model	model	NOUN
fbem-15373	40	78	to	to	PART
fbem-15373	40	79	reveal	reveal	VERB
fbem-15373	40	80	why	why	SCONJ
fbem-15373	40	81	the	the	DET
fbem-15373	40	82	esg	esg	PROPN
fbem-15373	40	83	performance	performance	NOUN
fbem-15373	40	84	of	of	ADP
fbem-15373	40	85	enterprises	enterprise	NOUN
fbem-15373	40	86	has	have	VERB
fbem-15373	40	87	a	a	DET
fbem-15373	40	88	facilitating	facilitate	VERB
fbem-15373	40	89	effect	effect	NOUN
fbem-15373	40	90	on	on	ADP
fbem-15373	40	91	their	their	PRON
fbem-15373	40	92	exports	export	NOUN
fbem-15373	40	93	.	.	PUNCT
fbem-15373	41	1	the	the	DET
fbem-15373	41	2	specific	specific	ADJ
fbem-15373	41	3	channels	channel	NOUN
fbem-15373	41	4	through	through	ADP
fbem-15373	41	5	which	which	PRON
fbem-15373	41	6	the	the	DET
fbem-15373	41	7	esg	esg	NOUN
fbem-15373	41	8	performance	performance	NOUN
fbem-15373	41	9	of	of	ADP
fbem-15373	41	10	enterprises	enterprise	NOUN
fbem-15373	41	11	affects	affect	VERB
fbem-15373	41	12	their	their	PRON
fbem-15373	41	13	exports	export	NOUN
fbem-15373	41	14	are	be	AUX
fbem-15373	41	15	investigated	investigate	VERB
fbem-15373	41	16	through	through	ADP
fbem-15373	41	17	the	the	DET
fbem-15373	41	18	construction	construction	NOUN
fbem-15373	41	19	of	of	ADP
fbem-15373	41	20	the	the	DET
fbem-15373	41	21	moderating	moderate	VERB
fbem-15373	41	22	model	model	NOUN
fbem-15373	41	23	.	.	PUNCT
fbem-15373	42	1	the	the	DET
fbem-15373	42	2	steps	step	NOUN
fbem-15373	42	3	of	of	ADP
fbem-15373	42	4	constructing	construct	VERB
fbem-15373	42	5	the	the	DET
fbem-15373	42	6	moderating	moderate	VERB
fbem-15373	42	7	model	model	NOUN
fbem-15373	42	8	are	be	AUX
fbem-15373	42	9	as	as	SCONJ
fbem-15373	42	10	follows	follow	VERB
fbem-15373	42	11	:	:	PUNCT
fbem-15373	42	12	firstly	firstly	ADV
fbem-15373	42	13	,	,	PUNCT
fbem-15373	42	14	regress	regress	ADJ
fbem-15373	42	15	the	the	DET
fbem-15373	42	16	esg	esg	NOUN
fbem-15373	42	17	performance	performance	NOUN
fbem-15373	42	18	of	of	ADP
fbem-15373	42	19	enterprises	enterprise	NOUN
fbem-15373	42	20	using	use	VERB
fbem-15373	42	21	enterprise	enterprise	NOUN
fbem-15373	42	22	exports	export	NOUN
fbem-15373	42	23	.	.	PUNCT
fbem-15373	43	1	secondly	secondly	ADV
fbem-15373	43	2	,	,	PUNCT
fbem-15373	43	3	regress	regress	ADJ
fbem-15373	43	4	the	the	DET
fbem-15373	43	5	esg	esg	NOUN
fbem-15373	43	6	performance	performance	NOUN
fbem-15373	43	7	of	of	ADP
fbem-15373	43	8	enterprises	enterprise	NOUN
fbem-15373	43	9	using	use	VERB
fbem-15373	43	10	the	the	DET
fbem-15373	43	11	market	market	NOUN
fbem-15373	43	12	share	share	NOUN
fbem-15373	43	13	of	of	ADP
fbem-15373	43	14	the	the	DET
fbem-15373	43	15	host	host	NOUN
fbem-15373	43	16	industry	industry	NOUN
fbem-15373	43	17	,	,	PUNCT
fbem-15373	43	18	and	and	CCONJ
fbem-15373	43	19	finally	finally	ADV
fbem-15373	43	20	,	,	PUNCT
fbem-15373	43	21	regress	regress	ADJ
fbem-15373	43	22	the	the	DET
fbem-15373	43	23	esg	esg	NOUN
fbem-15373	43	24	performance	performance	NOUN
fbem-15373	43	25	of	of	ADP
fbem-15373	43	26	enterprises	enterprise	NOUN
fbem-15373	43	27	using	use	VERB
fbem-15373	43	28	the	the	DET
fbem-15373	43	29	moderating	moderate	VERB
fbem-15373	43	30	variable	variable	NOUN
fbem-15373	43	31	of	of	ADP
fbem-15373	43	32	enterprise	enterprise	NOUN
fbem-15373	43	33	exports	export	NOUN
fbem-15373	43	34	on	on	ADP
fbem-15373	43	35	the	the	DET
fbem-15373	43	36	market	market	NOUN
fbem-15373	43	37	share	share	NOUN
fbem-15373	43	38	of	of	ADP
fbem-15373	43	39	the	the	DET
fbem-15373	43	40	host	host	NOUN
fbem-15373	43	41	industry	industry	NOUN
fbem-15373	43	42	and	and	CCONJ
fbem-15373	43	43	the	the	DET
fbem-15373	43	44	core	core	ADJ
fbem-15373	43	45	explanatory	explanatory	ADJ
fbem-15373	43	46	variable	variable	NOUN
fbem-15373	43	47	(	(	PUNCT
fbem-15373	43	48	esg	esg	PROPN
fbem-15373	43	49	)	)	PUNCT
fbem-15373	43	50	mentioned	mention	VERB
fbem-15373	43	51	above	above	ADV
fbem-15373	43	52	.	.	PUNCT
fbem-15373	44	1	the	the	DET
fbem-15373	44	2	specific	specific	ADJ
fbem-15373	44	3	construction	construction	NOUN
fbem-15373	44	4	of	of	ADP
fbem-15373	44	5	the	the	DET
fbem-15373	44	6	moderating	moderate	VERB
fbem-15373	44	7	effects	effect	NOUN
fbem-15373	44	8	model	model	NOUN
fbem-15373	44	9	is	be	AUX
fbem-15373	44	10	as	as	SCONJ
fbem-15373	44	11	follows	follow	VERB
fbem-15373	44	12	:	:	PUNCT
fbem-15373	44	13	𝐸𝑋𝑃	𝐸𝑋𝑃	PROPN
fbem-15373	44	14	𝜂	𝜂	NOUN
fbem-15373	44	15	𝛼1𝐸𝑆𝐺	𝛼1𝐸𝑆𝐺	NOUN
fbem-15373	44	16	𝑃𝑀𝑆	𝑃𝑀𝑆	PROPN
fbem-15373	44	17	𝛼2𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖	𝛼2𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖	PROPN
fbem-15373	44	18	∑𝛼𝑖𝐼𝑛𝑑	∑𝛼𝑖𝐼𝑛𝑑	PUNCT
fbem-15373	44	19	∑𝛼𝑗𝑌𝑒𝑎𝑟	∑𝛼𝑗𝑌𝑒𝑎𝑟	NOUN
fbem-15373	44	20	𝜀	𝜀	X
fbem-15373	44	21	(	(	PUNCT
fbem-15373	44	22	2	2	NUM
fbem-15373	44	23	)	)	PUNCT
fbem-15373	44	24	5	5	NUM
fbem-15373	44	25	.	.	PUNCT
fbem-15373	44	26	empirical	empirical	ADJ
fbem-15373	44	27	research	research	NOUN
fbem-15373	44	28	based	base	VERB
fbem-15373	44	29	on	on	ADP
fbem-15373	44	30	the	the	DET
fbem-15373	44	31	research	research	NOUN
fbem-15373	44	32	design	design	NOUN
fbem-15373	44	33	of	of	ADP
fbem-15373	44	34	chapter	chapter	NOUN
fbem-15373	44	35	four	four	NUM
fbem-15373	44	36	,	,	PUNCT
fbem-15373	44	37	the	the	DET
fbem-15373	44	38	author	author	NOUN
fbem-15373	44	39	will	will	AUX
fbem-15373	44	40	use	use	VERB
fbem-15373	44	41	multiple	multiple	ADJ
fbem-15373	44	42	regression	regression	NOUN
fbem-15373	44	43	models	model	NOUN
fbem-15373	44	44	to	to	PART
fbem-15373	44	45	analyze	analyze	VERB
fbem-15373	44	46	the	the	DET
fbem-15373	44	47	impact	impact	NOUN
fbem-15373	44	48	of	of	ADP
fbem-15373	44	49	firms	firm	NOUN
fbem-15373	44	50	'	'	PART
fbem-15373	44	51	esg	esg	NOUN
fbem-15373	44	52	performance	performance	NOUN
fbem-15373	44	53	on	on	ADP
fbem-15373	44	54	its	its	PRON
fbem-15373	44	55	exports	export	NOUN
fbem-15373	44	56	.	.	PUNCT
fbem-15373	45	1	it	it	PRON
fbem-15373	45	2	constructs	construct	VERB
fbem-15373	45	3	a	a	DET
fbem-15373	45	4	moderating	moderate	VERB
fbem-15373	45	5	effect	effect	NOUN
fbem-15373	45	6	regression	regression	NOUN
fbem-15373	45	7	model	model	NOUN
fbem-15373	45	8	by	by	ADP
fbem-15373	45	9	invoking	invoke	VERB
fbem-15373	45	10	the	the	DET
fbem-15373	45	11	market	market	NOUN
fbem-15373	45	12	share	share	NOUN
fbem-15373	45	13	of	of	ADP
fbem-15373	45	14	the	the	DET
fbem-15373	45	15	host	host	NOUN
fbem-15373	45	16	industry	industry	NOUN
fbem-15373	45	17	to	to	PART
fbem-15373	45	18	explore	explore	VERB
fbem-15373	45	19	how	how	SCONJ
fbem-15373	45	20	firms	firm	NOUN
fbem-15373	45	21	'	'	PART
fbem-15373	45	22	esg	esg	NOUN
fbem-15373	45	23	performance	performance	NOUN
fbem-15373	45	24	affects	affect	VERB
fbem-15373	45	25	firms	firm	NOUN
fbem-15373	45	26	'	'	PART
fbem-15373	45	27	exports	export	NOUN
fbem-15373	45	28	through	through	ADP
fbem-15373	45	29	the	the	DET
fbem-15373	45	30	market	market	NOUN
fbem-15373	45	31	share	share	NOUN
fbem-15373	45	32	of	of	ADP
fbem-15373	45	33	the	the	DET
fbem-15373	45	34	host	host	NOUN
fbem-15373	45	35	industry	industry	NOUN
fbem-15373	45	36	.	.	PUNCT
fbem-15373	46	1	5.1	5.1	NUM
fbem-15373	46	2	.	.	PUNCT
fbem-15373	47	1	descriptive	descriptive	ADJ
fbem-15373	47	2	statistical	statistical	ADJ
fbem-15373	47	3	analysis	analysis	NOUN
fbem-15373	47	4	the	the	DET
fbem-15373	47	5	results	result	NOUN
fbem-15373	47	6	of	of	ADP
fbem-15373	47	7	descriptive	descriptive	ADJ
fbem-15373	47	8	statistics	statistic	NOUN
fbem-15373	47	9	of	of	ADP
fbem-15373	47	10	variables	variable	NOUN
fbem-15373	47	11	are	be	AUX
fbem-15373	47	12	shown	show	VERB
fbem-15373	47	13	in	in	ADP
fbem-15373	47	14	table	table	NOUN
fbem-15373	47	15	2	2	NUM
fbem-15373	47	16	.	.	PUNCT
fbem-15373	47	17	analysing	analyse	VERB
fbem-15373	47	18	from	from	ADP
fbem-15373	47	19	the	the	DET
fbem-15373	47	20	perspective	perspective	NOUN
fbem-15373	47	21	of	of	ADP
fbem-15373	47	22	63	63	NUM
fbem-15373	47	23	explanatory	explanatory	ADJ
fbem-15373	47	24	variables	variable	NOUN
fbem-15373	47	25	,	,	PUNCT
fbem-15373	47	26	the	the	DET
fbem-15373	47	27	maximum	maximum	ADJ
fbem-15373	47	28	value	value	NOUN
fbem-15373	47	29	of	of	ADP
fbem-15373	47	30	esg	esg	PROPN
fbem-15373	47	31	performance	performance	NOUN
fbem-15373	47	32	(	(	PUNCT
fbem-15373	47	33	esg	esg	NOUN
fbem-15373	47	34	)	)	PUNCT
fbem-15373	47	35	is	be	AUX
fbem-15373	47	36	8	8	NUM
fbem-15373	47	37	,	,	PUNCT
fbem-15373	47	38	which	which	PRON
fbem-15373	47	39	is	be	AUX
fbem-15373	47	40	equal	equal	ADJ
fbem-15373	47	41	to	to	ADP
fbem-15373	47	42	the	the	DET
fbem-15373	47	43	alevel	alevel	NOUN
fbem-15373	47	44	,	,	PUNCT
fbem-15373	47	45	the	the	DET
fbem-15373	47	46	minimum	minimum	ADJ
fbem-15373	47	47	value	value	NOUN
fbem-15373	47	48	is	be	AUX
fbem-15373	47	49	2	2	NUM
fbem-15373	47	50	,	,	PUNCT
fbem-15373	47	51	which	which	PRON
fbem-15373	47	52	is	be	AUX
fbem-15373	47	53	equal	equal	ADJ
fbem-15373	47	54	to	to	ADP
fbem-15373	47	55	the	the	DET
fbem-15373	47	56	clevel	clevel	NOUN
fbem-15373	47	57	,	,	PUNCT
fbem-15373	47	58	and	and	CCONJ
fbem-15373	47	59	the	the	DET
fbem-15373	47	60	mean	mean	ADJ
fbem-15373	47	61	value	value	NOUN
fbem-15373	47	62	is	be	AUX
fbem-15373	47	63	4.504	4.504	NUM
fbem-15373	47	64	,	,	PUNCT
fbem-15373	47	65	which	which	PRON
fbem-15373	47	66	is	be	AUX
fbem-15373	47	67	equal	equal	ADJ
fbem-15373	47	68	to	to	ADP
fbem-15373	47	69	the	the	DET
fbem-15373	47	70	blevel	blevel	NOUN
fbem-15373	47	71	.	.	PUNCT
fbem-15373	48	1	thus	thus	ADV
fbem-15373	48	2	,	,	PUNCT
fbem-15373	48	3	these	these	DET
fbem-15373	48	4	datas	data	NOUN
fbem-15373	48	5	indicated	indicate	VERB
fbem-15373	48	6	that	that	SCONJ
fbem-15373	48	7	the	the	DET
fbem-15373	48	8	esg	esg	PROPN
fbem-15373	48	9	performance	performance	NOUN
fbem-15373	48	10	level	level	NOUN
fbem-15373	48	11	of	of	ADP
fbem-15373	48	12	the	the	DET
fbem-15373	48	13	sample	sample	NOUN
fbem-15373	48	14	firms	firm	NOUN
fbem-15373	48	15	as	as	ADP
fbem-15373	48	16	a	a	DET
fbem-15373	48	17	whole	whole	NOUN
fbem-15373	48	18	is	be	AUX
fbem-15373	48	19	not	not	PART
fbem-15373	48	20	high	high	ADJ
fbem-15373	48	21	.	.	PUNCT
fbem-15373	49	1	the	the	DET
fbem-15373	49	2	standard	standard	ADJ
fbem-15373	49	3	deviation	deviation	NOUN
fbem-15373	49	4	is	be	AUX
fbem-15373	49	5	1.069	1.069	NUM
fbem-15373	49	6	,	,	PUNCT
fbem-15373	49	7	which	which	PRON
fbem-15373	49	8	indicates	indicate	VERB
fbem-15373	49	9	a	a	DET
fbem-15373	49	10	significant	significant	ADJ
fbem-15373	49	11	difference	difference	NOUN
fbem-15373	49	12	in	in	ADP
fbem-15373	49	13	the	the	DET
fbem-15373	49	14	level	level	NOUN
fbem-15373	49	15	of	of	ADP
fbem-15373	49	16	esg	esg	NOUN
fbem-15373	49	17	performance	performance	NOUN
fbem-15373	49	18	among	among	ADP
fbem-15373	49	19	the	the	DET
fbem-15373	49	20	sample	sample	NOUN
fbem-15373	49	21	firms	firm	NOUN
fbem-15373	49	22	.	.	PUNCT
fbem-15373	50	1	the	the	DET
fbem-15373	50	2	standard	standard	ADJ
fbem-15373	50	3	deviation	deviation	NOUN
fbem-15373	50	4	is	be	AUX
fbem-15373	50	5	1.069	1.069	NUM
fbem-15373	50	6	,	,	PUNCT
fbem-15373	50	7	indicating	indicate	VERB
fbem-15373	50	8	a	a	DET
fbem-15373	50	9	significant	significant	ADJ
fbem-15373	50	10	difference	difference	NOUN
fbem-15373	50	11	between	between	ADP
fbem-15373	50	12	the	the	DET
fbem-15373	50	13	esg	esg	PROPN
fbem-15373	50	14	performance	performance	NOUN
fbem-15373	50	15	levels	level	NOUN
fbem-15373	50	16	of	of	ADP
fbem-15373	50	17	sample	sample	NOUN
fbem-15373	50	18	enterprises	enterprise	NOUN
fbem-15373	50	19	.	.	PUNCT
fbem-15373	51	1	from	from	ADP
fbem-15373	51	2	the	the	DET
fbem-15373	51	3	perspective	perspective	NOUN
fbem-15373	51	4	of	of	ADP
fbem-15373	51	5	the	the	DET
fbem-15373	51	6	explanatory	explanatory	ADJ
fbem-15373	51	7	variables	variable	NOUN
fbem-15373	51	8	,	,	PUNCT
fbem-15373	51	9	the	the	DET
fbem-15373	51	10	average	average	ADJ
fbem-15373	51	11	value	value	NOUN
fbem-15373	51	12	of	of	ADP
fbem-15373	51	13	enterprise	enterprise	NOUN
fbem-15373	51	14	export	export	NOUN
fbem-15373	51	15	is	be	AUX
fbem-15373	51	16	21.09	21.09	NUM
fbem-15373	51	17	,	,	PUNCT
fbem-15373	51	18	which	which	PRON
fbem-15373	51	19	is	be	AUX
fbem-15373	51	20	quite	quite	ADV
fbem-15373	51	21	different	different	ADJ
fbem-15373	51	22	from	from	ADP
fbem-15373	51	23	the	the	DET
fbem-15373	51	24	minimum	minimum	ADJ
fbem-15373	51	25	and	and	CCONJ
fbem-15373	51	26	maximum	maximum	ADJ
fbem-15373	51	27	values	value	NOUN
fbem-15373	51	28	,	,	PUNCT
fbem-15373	51	29	and	and	CCONJ
fbem-15373	51	30	there	there	PRON
fbem-15373	51	31	is	be	VERB
fbem-15373	51	32	still	still	ADV
fbem-15373	51	33	a	a	DET
fbem-15373	51	34	big	big	ADJ
fbem-15373	51	35	gap	gap	NOUN
fbem-15373	51	36	between	between	ADP
fbem-15373	51	37	the	the	DET
fbem-15373	51	38	export	export	NOUN
fbem-15373	51	39	business	business	NOUN
fbem-15373	51	40	of	of	ADP
fbem-15373	51	41	different	different	ADJ
fbem-15373	51	42	enterprises	enterprise	NOUN
fbem-15373	51	43	.	.	PUNCT
fbem-15373	52	1	in	in	ADP
fbem-15373	52	2	addition	addition	NOUN
fbem-15373	52	3	,	,	PUNCT
fbem-15373	52	4	the	the	DET
fbem-15373	52	5	average	average	ADJ
fbem-15373	52	6	value	value	NOUN
fbem-15373	52	7	of	of	ADP
fbem-15373	52	8	the	the	DET
fbem-15373	52	9	industry	industry	NOUN
fbem-15373	52	10	in	in	ADP
fbem-15373	52	11	which	which	PRON
fbem-15373	52	12	it	it	PRON
fbem-15373	52	13	is	be	AUX
fbem-15373	52	14	located	locate	VERB
fbem-15373	52	15	is	be	AUX
fbem-15373	52	16	0.00923	0.00923	NUM
fbem-15373	52	17	,	,	PUNCT
fbem-15373	52	18	with	with	ADP
fbem-15373	52	19	a	a	DET
fbem-15373	52	20	significant	significant	ADJ
fbem-15373	52	21	difference	difference	NOUN
fbem-15373	52	22	from	from	ADP
fbem-15373	52	23	the	the	DET
fbem-15373	52	24	maximum	maximum	ADJ
fbem-15373	52	25	value	value	NOUN
fbem-15373	52	26	,	,	PUNCT
fbem-15373	52	27	indicating	indicate	VERB
fbem-15373	52	28	that	that	SCONJ
fbem-15373	52	29	the	the	DET
fbem-15373	52	30	share	share	NOUN
fbem-15373	52	31	of	of	ADP
fbem-15373	52	32	the	the	DET
fbem-15373	52	33	industry	industry	NOUN
fbem-15373	52	34	in	in	ADP
fbem-15373	52	35	which	which	PRON
fbem-15373	52	36	it	it	PRON
fbem-15373	52	37	is	be	AUX
fbem-15373	52	38	located	locate	VERB
fbem-15373	52	39	has	have	VERB
fbem-15373	52	40	an	an	DET
fbem-15373	52	41	enormous	enormous	ADJ
fbem-15373	52	42	difference	difference	NOUN
fbem-15373	52	43	.	.	PUNCT
fbem-15373	53	1	table2	table2	PROPN
fbem-15373	53	2	.	.	PUNCT
fbem-15373	53	3	descriptive	descriptive	ADJ
fbem-15373	53	4	statistical	statistical	ADJ
fbem-15373	53	5	analysis	analysis	NOUN
fbem-15373	53	6	variable	variable	ADJ
fbem-15373	53	7	obs	obs	NOUN
fbem-15373	53	8	mean	mean	VERB
fbem-15373	53	9	std	std	PROPN
fbem-15373	53	10	.	.	PUNCT
fbem-15373	53	11	min	min	PROPN
fbem-15373	53	12	max	max	PROPN
fbem-15373	53	13	.	.	PUNCT
fbem-15373	54	1	exp	exp	NOUN
fbem-15373	54	2	2,125	2,125	NUM
fbem-15373	54	3	21.09	21.09	NUM
fbem-15373	54	4	2.179	2.179	NUM
fbem-15373	54	5	15.08	15.08	NUM
fbem-15373	54	6	25.24	25.24	NUM
fbem-15373	54	7	esg	esg	NOUN
fbem-15373	54	8	2,125	2,125	NUM
fbem-15373	54	9	4.504	4.504	NUM
fbem-15373	54	10	1.069	1.069	NUM
fbem-15373	54	11	2	2	NUM
fbem-15373	54	12	8	8	NUM
fbem-15373	54	13	pms	pm	NOUN
fbem-15373	54	14	2,125	2,125	NUM
fbem-15373	54	15	0.00923	0.00923	NUM
fbem-15373	54	16	0.0298	0.0298	NUM
fbem-15373	54	17	6.57e-05	6.57e-05	NUM
fbem-15373	54	18	0.230	0.230	NUM
fbem-15373	54	19	grow	grow	VERB
fbem-15373	54	20	2,125	2,125	NUM
fbem-15373	54	21	0.124	0.124	NUM
fbem-15373	54	22	0.255	0.255	NUM
fbem-15373	54	23	-0.490	-0.490	X
fbem-15373	54	24	1.157	1.157	NUM
fbem-15373	54	25	cash	cash	NOUN
fbem-15373	54	26	2,125	2,125	NUM
fbem-15373	54	27	0.161	0.161	NUM
fbem-15373	54	28	0.0963	0.0963	NUM
fbem-15373	54	29	0.0204	0.0204	NUM
fbem-15373	54	30	0.483	0.483	NUM
fbem-15373	54	31	roa	roa	NOUN
fbem-15373	54	32	2,125	2,125	NUM
fbem-15373	54	33	0.0448	0.0448	NUM
fbem-15373	54	34	0.0780	0.0780	NUM
fbem-15373	54	35	-0.646	-0.646	NUM
fbem-15373	54	36	0.541	0.541	NUM
fbem-15373	54	37	size	size	NOUN
fbem-15373	54	38	2,125	2,125	NUM
fbem-15373	54	39	23.98	23.98	NUM
fbem-15373	54	40	1.201	1.201	NUM
fbem-15373	54	41	21.74	21.74	NUM
fbem-15373	54	42	27.51	27.51	NUM
fbem-15373	54	43	5.2	5.2	NUM
fbem-15373	54	44	.	.	PUNCT
fbem-15373	55	1	hausmann	hausmann	PROPN
fbem-15373	55	2	test	test	NOUN
fbem-15373	55	3	the	the	DET
fbem-15373	55	4	results	result	NOUN
fbem-15373	55	5	of	of	ADP
fbem-15373	55	6	the	the	DET
fbem-15373	55	7	hausman	hausman	ADJ
fbem-15373	55	8	test	test	NOUN
fbem-15373	55	9	are	be	AUX
fbem-15373	55	10	detailed	detail	VERB
fbem-15373	55	11	in	in	ADP
fbem-15373	55	12	table	table	NOUN
fbem-15373	55	13	3	3	NUM
fbem-15373	55	14	.	.	PUNCT
fbem-15373	55	15	to	to	PART
fbem-15373	55	16	prevent	prevent	VERB
fbem-15373	55	17	the	the	DET
fbem-15373	55	18	problem	problem	NOUN
fbem-15373	55	19	of	of	ADP
fbem-15373	55	20	endogeneity	endogeneity	NOUN
fbem-15373	55	21	among	among	ADP
fbem-15373	55	22	variables	variable	NOUN
fbem-15373	55	23	,	,	PUNCT
fbem-15373	55	24	this	this	DET
fbem-15373	55	25	paper	paper	NOUN
fbem-15373	55	26	carried	carry	VERB
fbem-15373	55	27	out	out	ADP
fbem-15373	55	28	the	the	DET
fbem-15373	55	29	hausman	hausman	ADJ
fbem-15373	55	30	test	test	NOUN
fbem-15373	55	31	on	on	ADP
fbem-15373	55	32	the	the	DET
fbem-15373	55	33	variables	variable	NOUN
fbem-15373	55	34	.	.	PUNCT
fbem-15373	56	1	the	the	DET
fbem-15373	56	2	fixed	fix	VERB
fbem-15373	56	3	and	and	CCONJ
fbem-15373	56	4	random	random	ADJ
fbem-15373	56	5	effects	effect	NOUN
fbem-15373	56	6	models	model	NOUN
fbem-15373	56	7	were	be	AUX
fbem-15373	56	8	successively	successively	ADV
fbem-15373	56	9	used	use	VERB
fbem-15373	56	10	for	for	ADP
fbem-15373	56	11	the	the	DET
fbem-15373	56	12	test	test	NOUN
fbem-15373	56	13	.	.	PUNCT
fbem-15373	57	1	prob	prob	INTJ
fbem-15373	57	2	>	>	X
fbem-15373	57	3	chi2	chi2	PROPN
fbem-15373	57	4	=	=	PUNCT
fbem-15373	57	5	0.0007	0.0007	NUM
fbem-15373	57	6	was	be	AUX
fbem-15373	57	7	found	find	VERB
fbem-15373	57	8	,	,	PUNCT
fbem-15373	57	9	so	so	CCONJ
fbem-15373	57	10	the	the	DET
fbem-15373	57	11	original	original	ADJ
fbem-15373	57	12	hypothesis	hypothesis	NOUN
fbem-15373	57	13	was	be	AUX
fbem-15373	57	14	rejected	reject	VERB
fbem-15373	57	15	,	,	PUNCT
fbem-15373	57	16	and	and	CCONJ
fbem-15373	57	17	the	the	DET
fbem-15373	57	18	variables	variable	NOUN
fbem-15373	57	19	had	have	VERB
fbem-15373	57	20	fixed	fix	VERB
fbem-15373	57	21	effects	effect	NOUN
fbem-15373	57	22	.	.	PUNCT
fbem-15373	58	1	therefore	therefore	ADV
fbem-15373	58	2	,	,	PUNCT
fbem-15373	58	3	the	the	DET
fbem-15373	58	4	next	next	ADJ
fbem-15373	58	5	chapter	chapter	NOUN
fbem-15373	58	6	generates	generate	VERB
fbem-15373	58	7	an	an	DET
fbem-15373	58	8	individual	individual	ADJ
fbem-15373	58	9	dummy	dummy	ADJ
fbem-15373	58	10	variable	variable	NOUN
fbem-15373	58	11	(	(	PUNCT
fbem-15373	58	12	ind	ind	NOUN
fbem-15373	58	13	)	)	PUNCT
fbem-15373	58	14	and	and	CCONJ
fbem-15373	58	15	a	a	DET
fbem-15373	58	16	time	time	NOUN
fbem-15373	58	17	dummy	dummy	ADJ
fbem-15373	58	18	variable	variable	NOUN
fbem-15373	58	19	(	(	PUNCT
fbem-15373	58	20	year	year	NOUN
fbem-15373	58	21	)	)	PUNCT
fbem-15373	58	22	to	to	PART
fbem-15373	58	23	control	control	VERB
fbem-15373	58	24	for	for	ADP
fbem-15373	58	25	individual	individual	ADJ
fbem-15373	58	26	fixed	fix	VERB
fbem-15373	58	27	effects	effect	NOUN
fbem-15373	58	28	and	and	CCONJ
fbem-15373	58	29	time	time	NOUN
fbem-15373	58	30	-	-	PUNCT
fbem-15373	58	31	fixed	fix	VERB
fbem-15373	58	32	effects	effect	NOUN
fbem-15373	58	33	.	.	PUNCT
fbem-15373	59	1	table	table	NOUN
fbem-15373	59	2	3	3	NUM
fbem-15373	59	3	.	.	PUNCT
fbem-15373	59	4	hausman	hausman	PROPN
fbem-15373	59	5	test	test	NOUN
fbem-15373	59	6	analysis	analysis	NOUN
fbem-15373	59	7	(	(	PUNCT
fbem-15373	59	8	1	1	NUM
fbem-15373	59	9	)	)	PUNCT
fbem-15373	59	10	(	(	PUNCT
fbem-15373	59	11	2	2	X
fbem-15373	59	12	)	)	PUNCT
fbem-15373	59	13	fe1	fe1	PROPN
fbem-15373	59	14	re1	re1	PROPN
fbem-15373	59	15	esg*pms	esg*pm	VERB
fbem-15373	59	16	0.884	0.884	PRON
fbem-15373	59	17	*	*	PUNCT
fbem-15373	59	18	*	*	PUNCT
fbem-15373	59	19	*	*	PUNCT
fbem-15373	59	20	0.751	0.751	NUM
fbem-15373	59	21	*	*	PUNCT
fbem-15373	59	22	*	*	PUNCT
fbem-15373	59	23	*	*	PUNCT
fbem-15373	59	24	(	(	PUNCT
fbem-15373	59	25	3.03	3.03	NUM
fbem-15373	59	26	)	)	PUNCT
fbem-15373	59	27	(	(	PUNCT
fbem-15373	59	28	2.81	2.81	NUM
fbem-15373	59	29	)	)	PUNCT
fbem-15373	59	30	lev	lev	NOUN
fbem-15373	59	31	-0.570	-0.570	PROPN
fbem-15373	59	32	*	*	PUNCT
fbem-15373	59	33	*	*	PUNCT
fbem-15373	59	34	*	*	PUNCT
fbem-15373	59	35	-0.292	-0.292	NOUN
fbem-15373	59	36	(	(	PUNCT
fbem-15373	59	37	-2.59	-2.59	NUM
fbem-15373	59	38	)	)	PUNCT
fbem-15373	59	39	(	(	PUNCT
fbem-15373	59	40	-1.40	-1.40	NOUN
fbem-15373	59	41	)	)	PUNCT
fbem-15373	59	42	grow	grow	VERB
fbem-15373	59	43	0.215	0.215	NUM
fbem-15373	59	44	*	*	PUNCT
fbem-15373	59	45	*	*	PUNCT
fbem-15373	59	46	*	*	PUNCT
fbem-15373	59	47	0.210	0.210	NUM
fbem-15373	59	48	*	*	PUNCT
fbem-15373	59	49	*	*	PUNCT
fbem-15373	59	50	*	*	PUNCT
fbem-15373	59	51	(	(	PUNCT
fbem-15373	59	52	3.88	3.88	NUM
fbem-15373	59	53	)	)	PUNCT
fbem-15373	59	54	(	(	PUNCT
fbem-15373	59	55	3.79	3.79	NUM
fbem-15373	59	56	)	)	PUNCT
fbem-15373	59	57	cash	cash	NOUN
fbem-15373	59	58	0.247	0.247	NUM
fbem-15373	59	59	0.112	0.112	NUM
fbem-15373	59	60	(	(	PUNCT
fbem-15373	59	61	0.95	0.95	NUM
fbem-15373	59	62	)	)	PUNCT
fbem-15373	59	63	(	(	PUNCT
fbem-15373	59	64	0.44	0.44	NUM
fbem-15373	59	65	)	)	PUNCT
fbem-15373	59	66	roa	roa	NOUN
fbem-15373	59	67	0.334	0.334	NUM
fbem-15373	59	68	0.442	0.442	NUM
fbem-15373	59	69	*	*	PUNCT
fbem-15373	59	70	(	(	PUNCT
fbem-15373	59	71	1.40	1.40	NUM
fbem-15373	59	72	)	)	PUNCT
fbem-15373	59	73	(	(	PUNCT
fbem-15373	59	74	1.87	1.87	NUM
fbem-15373	59	75	)	)	PUNCT
fbem-15373	59	76	size	size	NOUN
fbem-15373	59	77	0.926	0.926	NUM
fbem-15373	59	78	*	*	PUNCT
fbem-15373	59	79	*	*	PUNCT
fbem-15373	59	80	*	*	PUNCT
fbem-15373	59	81	0.967	0.967	NUM
fbem-15373	59	82	*	*	PUNCT
fbem-15373	59	83	*	*	PUNCT
fbem-15373	59	84	*	*	PUNCT
fbem-15373	59	85	(	(	PUNCT
fbem-15373	59	86	17.85	17.85	NUM
fbem-15373	59	87	)	)	PUNCT
fbem-15373	59	88	(	(	PUNCT
fbem-15373	59	89	22.34	22.34	NUM
fbem-15373	59	90	)	)	PUNCT
fbem-15373	60	1	_	_	NOUN
fbem-15373	60	2	cons	con	NOUN
fbem-15373	60	3	-0.956	-0.956	PUNCT
fbem-15373	60	4	-2.049	-2.049	PUNCT
fbem-15373	60	5	*	*	PUNCT
fbem-15373	60	6	*	*	PUNCT
fbem-15373	60	7	(	(	PUNCT
fbem-15373	60	8	-0.79	-0.79	NOUN
fbem-15373	60	9	)	)	PUNCT
fbem-15373	60	10	(	(	PUNCT
fbem-15373	60	11	-2.03	-2.03	X
fbem-15373	60	12	)	)	PUNCT
fbem-15373	60	13	n	n	NOUN
fbem-15373	60	14	2125	2125	NUM
fbem-15373	60	15	2125	2125	NUM
fbem-15373	60	16	r2	r2	PROPN
fbem-15373	60	17	0.2080	0.2080	NUM
fbem-15373	60	18	t	t	NOUN
fbem-15373	60	19	statistics	statistic	NOUN
fbem-15373	60	20	in	in	ADP
fbem-15373	60	21	parentheses	parenthesis	NOUN
fbem-15373	60	22	*	*	PUNCT
fbem-15373	60	23	p	p	X
fbem-15373	60	24	<	<	X
fbem-15373	60	25	0.1	0.1	NUM
fbem-15373	60	26	,	,	PUNCT
fbem-15373	60	27	*	*	PUNCT
fbem-15373	60	28	*	*	PUNCT
fbem-15373	60	29	p	p	X
fbem-15373	60	30	<	<	X
fbem-15373	60	31	0.05	0.05	NUM
fbem-15373	60	32	,	,	PUNCT
fbem-15373	60	33	*	*	PUNCT
fbem-15373	60	34	*	*	PUNCT
fbem-15373	60	35	*	*	PUNCT
fbem-15373	61	1	p	p	X
fbem-15373	61	2	<	<	X
fbem-15373	61	3	0.01	0.01	NUM
fbem-15373	61	4	5.3	5.3	NUM
fbem-15373	61	5	.	.	PUNCT
fbem-15373	62	1	multivariate	multivariate	NOUN
fbem-15373	62	2	regression	regression	NOUN
fbem-15373	62	3	analysis	analysis	NOUN
fbem-15373	62	4	to	to	PART
fbem-15373	62	5	further	far	ADV
fbem-15373	62	6	test	test	VERB
fbem-15373	62	7	the	the	DET
fbem-15373	62	8	impact	impact	NOUN
fbem-15373	62	9	of	of	ADP
fbem-15373	62	10	firms	firm	NOUN
fbem-15373	62	11	'	'	PART
fbem-15373	62	12	esg	esg	NOUN
fbem-15373	62	13	performance	performance	NOUN
fbem-15373	62	14	on	on	ADP
fbem-15373	62	15	firms	firm	NOUN
fbem-15373	62	16	'	'	PART
fbem-15373	62	17	exports	export	NOUN
fbem-15373	62	18	as	as	ADV
fbem-15373	62	19	well	well	ADV
fbem-15373	62	20	as	as	ADP
fbem-15373	62	21	the	the	DET
fbem-15373	62	22	impact	impact	NOUN
fbem-15373	62	23	of	of	ADP
fbem-15373	62	24	esg	esg	NOUN
fbem-15373	62	25	performance	performance	NOUN
fbem-15373	62	26	on	on	ADP
fbem-15373	62	27	the	the	DET
fbem-15373	62	28	share	share	NOUN
fbem-15373	62	29	of	of	ADP
fbem-15373	62	30	the	the	DET
fbem-15373	62	31	industry	industry	NOUN
fbem-15373	62	32	in	in	ADP
fbem-15373	62	33	which	which	PRON
fbem-15373	62	34	they	they	PRON
fbem-15373	62	35	operate	operate	VERB
fbem-15373	62	36	,	,	PUNCT
fbem-15373	62	37	this	this	DET
fbem-15373	62	38	paper	paper	NOUN
fbem-15373	62	39	empirically	empirically	ADV
fbem-15373	62	40	tests	test	VERB
fbem-15373	62	41	the	the	DET
fbem-15373	62	42	hypotheses	hypothesis	NOUN
fbem-15373	62	43	proposed	propose	VERB
fbem-15373	62	44	in	in	ADP
fbem-15373	62	45	this	this	DET
fbem-15373	62	46	paper	paper	NOUN
fbem-15373	62	47	using	use	VERB
fbem-15373	62	48	multiple	multiple	ADJ
fbem-15373	62	49	linear	linear	ADJ
fbem-15373	62	50	regression	regression	NOUN
fbem-15373	62	51	models	model	NOUN
fbem-15373	62	52	on	on	ADP
fbem-15373	62	53	the	the	DET
fbem-15373	62	54	sample	sample	NOUN
fbem-15373	62	55	data	datum	NOUN
fbem-15373	62	56	using	use	VERB
fbem-15373	62	57	stata—17	stata—17	PROPN
fbem-15373	62	58	software	software	NOUN
fbem-15373	62	59	.	.	PUNCT
fbem-15373	63	1	table	table	NOUN
fbem-15373	63	2	4	4	NUM
fbem-15373	63	3	reports	report	VERB
fbem-15373	63	4	the	the	DET
fbem-15373	63	5	relationship	relationship	NOUN
fbem-15373	63	6	between	between	ADP
fbem-15373	63	7	firms	firm	NOUN
fbem-15373	63	8	'	'	PART
fbem-15373	63	9	esg	esg	NOUN
fbem-15373	63	10	performance	performance	NOUN
fbem-15373	63	11	and	and	CCONJ
fbem-15373	63	12	firms	firm	NOUN
fbem-15373	63	13	'	'	PART
fbem-15373	63	14	exports	export	NOUN
fbem-15373	63	15	and	and	CCONJ
fbem-15373	63	16	the	the	DET
fbem-15373	63	17	relationship	relationship	NOUN
fbem-15373	63	18	between	between	ADP
fbem-15373	63	19	the	the	DET
fbem-15373	63	20	impact	impact	NOUN
fbem-15373	63	21	of	of	ADP
fbem-15373	63	22	esg	esg	NOUN
fbem-15373	63	23	performance	performance	NOUN
fbem-15373	63	24	on	on	ADP
fbem-15373	63	25	the	the	DET
fbem-15373	63	26	share	share	NOUN
fbem-15373	63	27	of	of	ADP
fbem-15373	63	28	the	the	DET
fbem-15373	63	29	industry	industry	NOUN
fbem-15373	63	30	in	in	ADP
fbem-15373	63	31	which	which	PRON
fbem-15373	63	32	they	they	PRON
fbem-15373	63	33	operate	operate	VERB
fbem-15373	63	34	.	.	PUNCT
fbem-15373	64	1	the	the	DET
fbem-15373	64	2	regression	regression	NOUN
fbem-15373	64	3	results	result	NOUN
fbem-15373	64	4	show	show	VERB
fbem-15373	64	5	that	that	SCONJ
fbem-15373	64	6	column	column	NOUN
fbem-15373	64	7	(	(	PUNCT
fbem-15373	64	8	1	1	X
fbem-15373	64	9	)	)	PUNCT
fbem-15373	64	10	is	be	AUX
fbem-15373	64	11	the	the	DET
fbem-15373	64	12	regression	regression	NOUN
fbem-15373	64	13	analysis	analysis	NOUN
fbem-15373	64	14	of	of	ADP
fbem-15373	64	15	enterprise	enterprise	NOUN
fbem-15373	64	16	esg	esg	NOUN
fbem-15373	64	17	performance	performance	NOUN
fbem-15373	64	18	on	on	ADP
fbem-15373	64	19	enterprise	enterprise	NOUN
fbem-15373	64	20	export	export	NOUN
fbem-15373	64	21	.	.	PUNCT
fbem-15373	65	1	the	the	DET
fbem-15373	65	2	results	result	NOUN
fbem-15373	65	3	show	show	VERB
fbem-15373	65	4	that	that	SCONJ
fbem-15373	65	5	esg	esg	NOUN
fbem-15373	65	6	performance	performance	NOUN
fbem-15373	65	7	is	be	AUX
fbem-15373	65	8	positively	positively	ADV
fbem-15373	65	9	correlated	correlate	VERB
fbem-15373	65	10	with	with	ADP
fbem-15373	65	11	enterprise	enterprise	NOUN
fbem-15373	65	12	export	export	NOUN
fbem-15373	65	13	,	,	PUNCT
fbem-15373	65	14	with	with	ADP
fbem-15373	65	15	a	a	DET
fbem-15373	65	16	correlation	correlation	NOUN
fbem-15373	65	17	coefficient	coefficient	NOUN
fbem-15373	65	18	of	of	ADP
fbem-15373	65	19	0.111	0.111	NUM
fbem-15373	65	20	,	,	PUNCT
fbem-15373	65	21	which	which	PRON
fbem-15373	65	22	is	be	AUX
fbem-15373	65	23	significant	significant	ADJ
fbem-15373	65	24	at	at	ADP
fbem-15373	65	25	1	1	NUM
fbem-15373	65	26	%	%	NOUN
fbem-15373	65	27	significance	significance	NOUN
fbem-15373	65	28	level	level	NOUN
fbem-15373	65	29	,	,	PUNCT
fbem-15373	65	30	indicating	indicate	VERB
fbem-15373	65	31	that	that	SCONJ
fbem-15373	65	32	the	the	PRON
fbem-15373	65	33	better	well	ADJ
fbem-15373	65	34	the	the	DET
fbem-15373	65	35	esg	esg	NOUN
fbem-15373	65	36	performance	performance	NOUN
fbem-15373	65	37	of	of	ADP
fbem-15373	65	38	the	the	DET
fbem-15373	65	39	enterprise	enterprise	NOUN
fbem-15373	65	40	,	,	PUNCT
fbem-15373	65	41	the	the	DET
fbem-15373	65	42	more	more	ADV
fbem-15373	65	43	conducive	conducive	ADJ
fbem-15373	65	44	to	to	ADP
fbem-15373	65	45	the	the	DET
fbem-15373	65	46	enhancement	enhancement	NOUN
fbem-15373	65	47	of	of	ADP
fbem-15373	65	48	the	the	DET
fbem-15373	65	49	enterprise	enterprise	NOUN
fbem-15373	65	50	's	's	PART
fbem-15373	65	51	export	export	NOUN
fbem-15373	65	52	business	business	NOUN
fbem-15373	65	53	,	,	PUNCT
fbem-15373	65	54	and	and	CCONJ
fbem-15373	65	55	hypothesis	hypothesis	NOUN
fbem-15373	65	56	1	1	NUM
fbem-15373	65	57	is	be	AUX
fbem-15373	65	58	proved	prove	VERB
fbem-15373	65	59	;	;	PUNCT
fbem-15373	65	60	column	column	NOUN
fbem-15373	65	61	(	(	PUNCT
fbem-15373	65	62	2	2	NUM
fbem-15373	65	63	)	)	PUNCT
fbem-15373	65	64	and	and	CCONJ
fbem-15373	65	65	(	(	PUNCT
fbem-15373	65	66	3	3	X
fbem-15373	65	67	)	)	PUNCT
fbem-15373	65	68	are	be	AUX
fbem-15373	65	69	the	the	DET
fbem-15373	65	70	regression	regression	NOUN
fbem-15373	65	71	analyses	analysis	NOUN
fbem-15373	65	72	of	of	ADP
fbem-15373	65	73	esg	esg	NOUN
fbem-15373	65	74	performance	performance	NOUN
fbem-15373	65	75	on	on	ADP
fbem-15373	65	76	the	the	DET
fbem-15373	65	77	market	market	NOUN
fbem-15373	65	78	share	share	NOUN
fbem-15373	65	79	of	of	ADP
fbem-15373	65	80	the	the	DET
fbem-15373	65	81	host	host	NOUN
fbem-15373	65	82	industry	industry	NOUN
fbem-15373	65	83	,	,	PUNCT
fbem-15373	65	84	the	the	DET
fbem-15373	65	85	results	result	NOUN
fbem-15373	65	86	show	show	VERB
fbem-15373	65	87	that	that	SCONJ
fbem-15373	65	88	esg	esg	NOUN
fbem-15373	65	89	performance	performance	NOUN
fbem-15373	65	90	is	be	AUX
fbem-15373	65	91	significantly	significantly	ADV
fbem-15373	65	92	positively	positively	ADV
fbem-15373	65	93	correlated	correlate	VERB
fbem-15373	65	94	with	with	ADP
fbem-15373	65	95	the	the	DET
fbem-15373	65	96	host	host	NOUN
fbem-15373	65	97	industry	industry	NOUN
fbem-15373	65	98	at	at	ADP
fbem-15373	65	99	1	1	NUM
fbem-15373	65	100	%	%	NOUN
fbem-15373	65	101	significance	significance	NOUN
fbem-15373	65	102	level	level	NOUN
fbem-15373	65	103	.	.	PUNCT
fbem-15373	66	1	the	the	DET
fbem-15373	66	2	regression	regression	NOUN
fbem-15373	66	3	analysis	analysis	NOUN
fbem-15373	66	4	shows	show	VERB
fbem-15373	66	5	that	that	SCONJ
fbem-15373	66	6	esg	esg	PROPN
fbem-15373	66	7	performance	performance	NOUN
fbem-15373	66	8	is	be	AUX
fbem-15373	66	9	significantly	significantly	ADV
fbem-15373	66	10	and	and	CCONJ
fbem-15373	66	11	positively	positively	ADV
fbem-15373	66	12	correlated	correlate	VERB
fbem-15373	66	13	with	with	ADP
fbem-15373	66	14	the	the	DET
fbem-15373	66	15	share	share	NOUN
fbem-15373	66	16	of	of	ADP
fbem-15373	66	17	industry	industry	NOUN
fbem-15373	66	18	at	at	ADP
fbem-15373	66	19	the	the	DET
fbem-15373	66	20	1	1	NUM
fbem-15373	66	21	%	%	NOUN
fbem-15373	66	22	significance	significance	NOUN
fbem-15373	66	23	level	level	NOUN
fbem-15373	66	24	.	.	PUNCT
fbem-15373	67	1	it	it	PRON
fbem-15373	67	2	also	also	ADV
fbem-15373	67	3	means	mean	VERB
fbem-15373	67	4	when	when	SCONJ
fbem-15373	67	5	the	the	DET
fbem-15373	67	6	esg	esg	NOUN
fbem-15373	67	7	performance	performance	NOUN
fbem-15373	67	8	of	of	ADP
fbem-15373	67	9	an	an	DET
fbem-15373	67	10	enterprise	enterprise	NOUN
fbem-15373	67	11	is	be	AUX
fbem-15373	67	12	good	good	ADJ
fbem-15373	67	13	,	,	PUNCT
fbem-15373	67	14	the	the	DET
fbem-15373	67	15	positive	positive	ADJ
fbem-15373	67	16	effect	effect	NOUN
fbem-15373	67	17	of	of	ADP
fbem-15373	67	18	the	the	DET
fbem-15373	67	19	host	host	NOUN
fbem-15373	67	20	country	country	NOUN
fbem-15373	67	21	's	's	PART
fbem-15373	67	22	industry	industry	NOUN
fbem-15373	67	23	market	market	NOUN
fbem-15373	67	24	share	share	NOUN
fbem-15373	67	25	on	on	ADP
fbem-15373	67	26	the	the	DET
fbem-15373	67	27	firm	firm	NOUN
fbem-15373	67	28	's	's	PART
fbem-15373	67	29	exports	export	NOUN
fbem-15373	67	30	is	be	AUX
fbem-15373	67	31	increasing	increase	VERB
fbem-15373	67	32	64	64	NUM
fbem-15373	67	33	table	table	NOUN
fbem-15373	67	34	4	4	NUM
fbem-15373	67	35	.	.	PUNCT
fbem-15373	67	36	multiple	multiple	ADJ
fbem-15373	67	37	regression	regression	NOUN
fbem-15373	67	38	analysis	analysis	NOUN
fbem-15373	67	39	(	(	PUNCT
fbem-15373	67	40	1	1	NUM
fbem-15373	67	41	)	)	PUNCT
fbem-15373	67	42	(	(	PUNCT
fbem-15373	67	43	2	2	X
fbem-15373	67	44	)	)	PUNCT
fbem-15373	67	45	exp	exp	NOUN
fbem-15373	67	46	exp	exp	NOUN
fbem-15373	67	47	esg	esg	PROPN
fbem-15373	67	48	0.111	0.111	NUM
fbem-15373	67	49	*	*	PUNCT
fbem-15373	67	50	*	*	PUNCT
fbem-15373	67	51	*	*	PUNCT
fbem-15373	67	52	(	(	PUNCT
fbem-15373	67	53	0.038	0.038	NUM
fbem-15373	67	54	)	)	PUNCT
fbem-15373	67	55	esg*pms	esg*pm	VERB
fbem-15373	67	56	0.013	0.013	NUM
fbem-15373	67	57	0.834	0.834	NUM
fbem-15373	67	58	*	*	PUNCT
fbem-15373	67	59	*	*	PUNCT
fbem-15373	67	60	*	*	PUNCT
fbem-15373	67	61	(	(	PUNCT
fbem-15373	67	62	0.293	0.293	NUM
fbem-15373	67	63	)	)	PUNCT
fbem-15373	67	64	(	(	PUNCT
fbem-15373	67	65	0.292	0.292	NUM
fbem-15373	67	66	)	)	PUNCT
fbem-15373	67	67	grow	grow	VERB
fbem-15373	67	68	0.486	0.486	NUM
fbem-15373	67	69	*	*	PUNCT
fbem-15373	67	70	*	*	PUNCT
fbem-15373	67	71	*	*	PUNCT
fbem-15373	67	72	0.240	0.240	NUM
fbem-15373	67	73	*	*	PUNCT
fbem-15373	67	74	*	*	PUNCT
fbem-15373	67	75	*	*	PUNCT
fbem-15373	67	76	(	(	PUNCT
fbem-15373	67	77	0.163	0.163	NUM
fbem-15373	67	78	)	)	PUNCT
fbem-15373	67	79	(	(	PUNCT
fbem-15373	67	80	0.058	0.058	NUM
fbem-15373	67	81	)	)	PUNCT
fbem-15373	67	82	cash	cash	NOUN
fbem-15373	67	83	-0.955	-0.955	NOUN
fbem-15373	67	84	*	*	NOUN
fbem-15373	67	85	*	*	NOUN
fbem-15373	67	86	0.326	0.326	NUM
fbem-15373	67	87	(	(	PUNCT
fbem-15373	67	88	0.404	0.404	NUM
fbem-15373	67	89	)	)	PUNCT
fbem-15373	67	90	(	(	PUNCT
fbem-15373	67	91	0.260	0.260	NUM
fbem-15373	67	92	)	)	PUNCT
fbem-15373	67	93	roa	roa	NOUN
fbem-15373	67	94	0.681	0.681	NUM
fbem-15373	67	95	0.529	0.529	NUM
fbem-15373	67	96	*	*	PUNCT
fbem-15373	67	97	*	*	PUNCT
fbem-15373	67	98	(	(	PUNCT
fbem-15373	67	99	0.542	0.542	NUM
fbem-15373	67	100	)	)	PUNCT
fbem-15373	67	101	(	(	PUNCT
fbem-15373	67	102	0.227	0.227	NUM
fbem-15373	67	103	)	)	PUNCT
fbem-15373	67	104	size	size	NOUN
fbem-15373	67	105	1.015	1.015	NUM
fbem-15373	67	106	*	*	NOUN
fbem-15373	67	107	*	*	PUNCT
fbem-15373	67	108	*	*	PUNCT
fbem-15373	67	109	0.915	0.915	NUM
fbem-15373	67	110	*	*	PUNCT
fbem-15373	67	111	*	*	PUNCT
fbem-15373	67	112	*	*	PUNCT
fbem-15373	67	113	(	(	PUNCT
fbem-15373	67	114	0.036	0.036	NUM
fbem-15373	67	115	)	)	PUNCT
fbem-15373	67	116	(	(	PUNCT
fbem-15373	67	117	0.062	0.062	NUM
fbem-15373	67	118	)	)	PUNCT
fbem-15373	67	119	2018	2018	NUM
fbem-15373	67	120	.	.	PUNCT
fbem-15373	68	1	annual	annual	ADJ
fbem-15373	68	2	0.000	0.000	NUM
fbem-15373	68	3	(	(	PUNCT
fbem-15373	68	4	.	.	PUNCT
fbem-15373	68	5	)	)	PUNCT
fbem-15373	68	6	2019	2019	NUM
fbem-15373	68	7	.	.	PUNCT
fbem-15373	69	1	annual	annual	ADJ
fbem-15373	69	2	0.067	0.067	NUM
fbem-15373	69	3	*	*	SYM
fbem-15373	69	4	(	(	PUNCT
fbem-15373	69	5	0.036	0.036	NUM
fbem-15373	69	6	)	)	PUNCT
fbem-15373	69	7	2020	2020	NUM
fbem-15373	69	8	.	.	PUNCT
fbem-15373	70	1	-0.041	-0.041	PUNCT
fbem-15373	70	2	(	(	PUNCT
fbem-15373	70	3	0.037	0.037	NUM
fbem-15373	70	4	)	)	PUNCT
fbem-15373	70	5	2021	2021	NUM
fbem-15373	70	6	.	.	PUNCT
fbem-15373	71	1	-0.063	-0.063	PUNCT
fbem-15373	71	2	(	(	PUNCT
fbem-15373	71	3	0.039	0.039	NUM
fbem-15373	71	4	)	)	PUNCT
fbem-15373	71	5	2022	2022	NUM
fbem-15373	71	6	.	.	PUNCT
fbem-15373	72	1	0.044	0.044	NUM
fbem-15373	72	2	(	(	PUNCT
fbem-15373	72	3	0.042	0.042	NUM
fbem-15373	72	4	)	)	PUNCT
fbem-15373	72	5	_	_	NOUN
fbem-15373	72	6	cons	con	NOUN
fbem-15373	72	7	-3.673	-3.673	VERB
fbem-15373	72	8	*	*	PUNCT
fbem-15373	72	9	*	*	PUNCT
fbem-15373	72	10	*	*	PUNCT
fbem-15373	72	11	-0.999	-0.999	X
fbem-15373	72	12	(	(	PUNCT
fbem-15373	72	13	0.832	0.832	NUM
fbem-15373	72	14	)	)	PUNCT
fbem-15373	72	15	(	(	PUNCT
fbem-15373	72	16	1.472	1.472	NUM
fbem-15373	72	17	)	)	PUNCT
fbem-15373	72	18	n	n	CCONJ
fbem-15373	72	19	2125.000	2125.000	NUM
fbem-15373	72	20	2125.000	2125.000	NUM
fbem-15373	72	21	r2	r2	NOUN
fbem-15373	72	22	0.355	0.355	NUM
fbem-15373	72	23	0.214	0.214	NUM
fbem-15373	72	24	ar2	ar2	PROPN
fbem-15373	72	25	individual	individual	ADJ
fbem-15373	72	26	fixed	fix	VERB
fbem-15373	72	27	effect	effect	NOUN
fbem-15373	73	1	yes	yes	INTJ
fbem-15373	73	2	yes	yes	INTJ
fbem-15373	73	3	time	time	NOUN
fbem-15373	73	4	fixed	fix	VERB
fbem-15373	73	5	effect	effect	NOUN
fbem-15373	74	1	yes	yes	INTJ
fbem-15373	74	2	yes	yes	INTJ
fbem-15373	74	3	standard	standard	ADJ
fbem-15373	74	4	errors	error	NOUN
fbem-15373	74	5	in	in	ADP
fbem-15373	74	6	parentheses	parenthesis	NOUN
fbem-15373	74	7	*	*	PUNCT
fbem-15373	74	8	p	p	X
fbem-15373	74	9	<	<	X
fbem-15373	74	10	0.1	0.1	NUM
fbem-15373	74	11	,	,	PUNCT
fbem-15373	74	12	*	*	PUNCT
fbem-15373	74	13	*	*	PUNCT
fbem-15373	75	1	p	p	X
fbem-15373	75	2	<	<	X
fbem-15373	75	3	0.05	0.05	NUM
fbem-15373	75	4	,	,	PUNCT
fbem-15373	75	5	*	*	PUNCT
fbem-15373	75	6	*	*	PUNCT
fbem-15373	75	7	*	*	PUNCT
fbem-15373	76	1	p	p	X
fbem-15373	76	2	<	<	X
fbem-15373	76	3	0.01	0.01	NUM
fbem-15373	76	4	5.4	5.4	NUM
fbem-15373	76	5	.	.	PUNCT
fbem-15373	77	1	robustness	robustness	NOUN
fbem-15373	77	2	check	check	NOUN
fbem-15373	77	3	(	(	PUNCT
fbem-15373	77	4	1	1	NUM
fbem-15373	77	5	)	)	PUNCT
fbem-15373	77	6	in	in	ADP
fbem-15373	77	7	order	order	NOUN
fbem-15373	77	8	to	to	PART
fbem-15373	77	9	make	make	VERB
fbem-15373	77	10	the	the	DET
fbem-15373	77	11	results	result	NOUN
fbem-15373	77	12	more	more	ADV
fbem-15373	77	13	robust	robust	ADJ
fbem-15373	77	14	,	,	PUNCT
fbem-15373	77	15	this	this	DET
fbem-15373	77	16	paper	paper	NOUN
fbem-15373	77	17	conducts	conduct	VERB
fbem-15373	77	18	a	a	DET
fbem-15373	77	19	robustness	robustness	NOUN
fbem-15373	77	20	test	test	NOUN
fbem-15373	77	21	by	by	ADP
fbem-15373	77	22	the	the	DET
fbem-15373	77	23	following	following	ADJ
fbem-15373	77	24	methods	method	NOUN
fbem-15373	77	25	.	.	PUNCT
fbem-15373	78	1	(	(	PUNCT
fbem-15373	78	2	1	1	X
fbem-15373	78	3	)	)	PUNCT
fbem-15373	78	4	replacement	replacement	NOUN
fbem-15373	78	5	of	of	ADP
fbem-15373	78	6	measurement	measurement	NOUN
fbem-15373	78	7	indicators	indicator	NOUN
fbem-15373	78	8	this	this	DET
fbem-15373	78	9	paper	paper	NOUN
fbem-15373	78	10	uses	use	VERB
fbem-15373	78	11	the	the	DET
fbem-15373	78	12	export	export	NOUN
fbem-15373	78	13	intensity	intensity	NOUN
fbem-15373	78	14	(	(	PUNCT
fbem-15373	78	15	exp	exp	NOUN
fbem-15373	78	16	)	)	PUNCT
fbem-15373	78	17	of	of	ADP
fbem-15373	78	18	enterprises	enterprise	NOUN
fbem-15373	78	19	as	as	ADP
fbem-15373	78	20	an	an	DET
fbem-15373	78	21	indicator	indicator	NOUN
fbem-15373	78	22	to	to	PART
fbem-15373	78	23	measure	measure	VERB
fbem-15373	78	24	the	the	DET
fbem-15373	78	25	export	export	NOUN
fbem-15373	78	26	of	of	ADP
fbem-15373	78	27	enterprises	enterprise	NOUN
fbem-15373	78	28	,	,	PUNCT
fbem-15373	78	29	i.e.	i.e.	X
fbem-15373	78	30	,	,	PUNCT
fbem-15373	78	31	the	the	DET
fbem-15373	78	32	proportion	proportion	NOUN
fbem-15373	78	33	of	of	ADP
fbem-15373	78	34	the	the	DET
fbem-15373	78	35	revenue	revenue	NOUN
fbem-15373	78	36	from	from	ADP
fbem-15373	78	37	overseas	overseas	ADJ
fbem-15373	78	38	business	business	NOUN
fbem-15373	78	39	to	to	ADP
fbem-15373	78	40	the	the	DET
fbem-15373	78	41	total	total	ADJ
fbem-15373	78	42	operating	operating	NOUN
fbem-15373	78	43	revenue	revenue	NOUN
fbem-15373	78	44	,	,	PUNCT
fbem-15373	78	45	which	which	PRON
fbem-15373	78	46	on	on	ADP
fbem-15373	78	47	the	the	DET
fbem-15373	78	48	one	one	NUM
fbem-15373	78	49	hand	hand	NOUN
fbem-15373	78	50	can	can	AUX
fbem-15373	78	51	reflect	reflect	VERB
fbem-15373	78	52	the	the	DET
fbem-15373	78	53	enhancement	enhancement	NOUN
fbem-15373	78	54	of	of	ADP
fbem-15373	78	55	the	the	DET
fbem-15373	78	56	export	export	NOUN
fbem-15373	78	57	business	business	NOUN
fbem-15373	78	58	of	of	ADP
fbem-15373	78	59	enterprises	enterprise	NOUN
fbem-15373	78	60	,	,	PUNCT
fbem-15373	78	61	and	and	CCONJ
fbem-15373	78	62	on	on	ADP
fbem-15373	78	63	the	the	DET
fbem-15373	78	64	other	other	ADJ
fbem-15373	78	65	hand	hand	NOUN
fbem-15373	78	66	can	can	AUX
fbem-15373	78	67	indicate	indicate	VERB
fbem-15373	78	68	the	the	DET
fbem-15373	78	69	change	change	NOUN
fbem-15373	78	70	of	of	ADP
fbem-15373	78	71	the	the	DET
fbem-15373	78	72	export	export	NOUN
fbem-15373	78	73	structure	structure	NOUN
fbem-15373	78	74	of	of	ADP
fbem-15373	78	75	the	the	DET
fbem-15373	78	76	enterprises	enterprise	NOUN
fbem-15373	78	77	,	,	PUNCT
fbem-15373	78	78	and	and	CCONJ
fbem-15373	78	79	both	both	PRON
fbem-15373	78	80	of	of	ADP
fbem-15373	78	81	which	which	PRON
fbem-15373	78	82	can	can	AUX
fbem-15373	78	83	measure	measure	VERB
fbem-15373	78	84	the	the	DET
fbem-15373	78	85	impact	impact	NOUN
fbem-15373	78	86	of	of	ADP
fbem-15373	78	87	the	the	DET
fbem-15373	78	88	performance	performance	NOUN
fbem-15373	78	89	of	of	ADP
fbem-15373	78	90	the	the	DET
fbem-15373	78	91	esg	esg	NOUN
fbem-15373	78	92	of	of	ADP
fbem-15373	78	93	enterprises	enterprise	NOUN
fbem-15373	78	94	on	on	ADP
fbem-15373	78	95	the	the	DET
fbem-15373	78	96	export	export	NOUN
fbem-15373	78	97	of	of	ADP
fbem-15373	78	98	enterprises	enterprise	NOUN
fbem-15373	78	99	.	.	PUNCT
fbem-15373	79	1	the	the	DET
fbem-15373	79	2	regression	regression	NOUN
fbem-15373	79	3	results	result	NOUN
fbem-15373	79	4	are	be	AUX
fbem-15373	79	5	shown	show	VERB
fbem-15373	79	6	in	in	ADP
fbem-15373	79	7	table	table	NOUN
fbem-15373	79	8	5	5	NUM
fbem-15373	79	9	.	.	PUNCT
fbem-15373	80	1	after	after	ADP
fbem-15373	80	2	adopting	adopt	VERB
fbem-15373	80	3	export	export	NOUN
fbem-15373	80	4	intensity	intensity	NOUN
fbem-15373	80	5	as	as	ADP
fbem-15373	80	6	an	an	DET
fbem-15373	80	7	explanatory	explanatory	ADJ
fbem-15373	80	8	variable	variable	NOUN
fbem-15373	80	9	,	,	PUNCT
fbem-15373	80	10	the	the	DET
fbem-15373	80	11	esg	esg	PROPN
fbem-15373	80	12	coefficient	coefficient	NOUN
fbem-15373	80	13	is	be	AUX
fbem-15373	80	14	still	still	ADV
fbem-15373	80	15	significant	significant	ADJ
fbem-15373	80	16	at	at	ADP
fbem-15373	80	17	the	the	DET
fbem-15373	80	18	1	1	NUM
fbem-15373	80	19	%	%	NOUN
fbem-15373	80	20	significance	significance	NOUN
fbem-15373	80	21	level	level	NOUN
fbem-15373	80	22	,	,	PUNCT
fbem-15373	80	23	and	and	CCONJ
fbem-15373	80	24	the	the	DET
fbem-15373	80	25	results	result	NOUN
fbem-15373	80	26	are	be	AUX
fbem-15373	80	27	still	still	ADV
fbem-15373	80	28	robust	robust	ADJ
fbem-15373	80	29	.	.	PUNCT
fbem-15373	81	1	this	this	DET
fbem-15373	81	2	paper	paper	NOUN
fbem-15373	81	3	is	be	AUX
fbem-15373	81	4	conditional	conditional	ADJ
fbem-15373	81	5	on	on	ADP
fbem-15373	81	6	the	the	DET
fbem-15373	81	7	robustness	robustness	NOUN
fbem-15373	81	8	test	test	NOUN
fbem-15373	81	9	concerning	concern	VERB
fbem-15373	81	10	the	the	DET
fbem-15373	81	11	study	study	NOUN
fbem-15373	81	12	of	of	ADP
fbem-15373	81	13	the	the	DET
fbem-15373	81	14	impact	impact	NOUN
fbem-15373	81	15	of	of	ADP
fbem-15373	81	16	esg	esg	PROPN
fbem-15373	81	17	performance	performance	NOUN
fbem-15373	81	18	on	on	ADP
fbem-15373	81	19	firms	firm	NOUN
fbem-15373	81	20	'	'	PART
fbem-15373	81	21	exports	export	NOUN
fbem-15373	81	22	.	.	PUNCT
fbem-15373	82	1	(	(	PUNCT
fbem-15373	82	2	2	2	X
fbem-15373	82	3	)	)	PUNCT
fbem-15373	82	4	in	in	ADP
fbem-15373	82	5	order	order	NOUN
fbem-15373	82	6	to	to	PART
fbem-15373	82	7	deal	deal	VERB
fbem-15373	82	8	with	with	ADP
fbem-15373	82	9	the	the	DET
fbem-15373	82	10	endogeneity	endogeneity	NOUN
fbem-15373	82	11	issue	issue	NOUN
fbem-15373	82	12	,	,	PUNCT
fbem-15373	82	13	the	the	DET
fbem-15373	82	14	esg	esg	NOUN
fbem-15373	82	15	performance	performance	NOUN
fbem-15373	82	16	of	of	ADP
fbem-15373	82	17	firms	firm	NOUN
fbem-15373	82	18	in	in	ADP
fbem-15373	82	19	period	period	NOUN
fbem-15373	82	20	t+1	t+1	PRON
fbem-15373	82	21	is	be	AUX
fbem-15373	82	22	used	use	VERB
fbem-15373	82	23	.	.	PUNCT
fbem-15373	83	1	the	the	DET
fbem-15373	83	2	base	base	NOUN
fbem-15373	83	3	regression	regression	NOUN
fbem-15373	83	4	results	result	NOUN
fbem-15373	83	5	of	of	ADP
fbem-15373	83	6	this	this	DET
fbem-15373	83	7	paper	paper	NOUN
fbem-15373	83	8	show	show	NOUN
fbem-15373	83	9	that	that	SCONJ
fbem-15373	83	10	esg	esg	NOUN
fbem-15373	83	11	performance	performance	NOUN
fbem-15373	83	12	has	have	VERB
fbem-15373	83	13	a	a	DET
fbem-15373	83	14	significant	significant	ADJ
fbem-15373	83	15	positive	positive	ADJ
fbem-15373	83	16	effect	effect	NOUN
fbem-15373	83	17	relationship	relationship	NOUN
fbem-15373	83	18	on	on	ADP
fbem-15373	83	19	corporate	corporate	ADJ
fbem-15373	83	20	export	export	NOUN
fbem-15373	83	21	exports	export	NOUN
fbem-15373	83	22	,	,	PUNCT
fbem-15373	83	23	i.e.	i.e.	X
fbem-15373	83	24	,	,	PUNCT
fbem-15373	83	25	the	the	PRON
fbem-15373	83	26	better	well	ADJ
fbem-15373	83	27	the	the	DET
fbem-15373	83	28	esg	esg	NOUN
fbem-15373	83	29	performance	performance	NOUN
fbem-15373	83	30	of	of	ADP
fbem-15373	83	31	exporting	export	VERB
fbem-15373	83	32	firms	firm	NOUN
fbem-15373	83	33	is	be	AUX
fbem-15373	83	34	conducive	conducive	ADJ
fbem-15373	83	35	to	to	ADP
fbem-15373	83	36	enhancing	enhance	VERB
fbem-15373	83	37	corporate	corporate	ADJ
fbem-15373	83	38	exports	export	NOUN
fbem-15373	83	39	.	.	PUNCT
fbem-15373	84	1	however	however	ADV
fbem-15373	84	2	,	,	PUNCT
fbem-15373	84	3	this	this	DET
fbem-15373	84	4	result	result	NOUN
fbem-15373	84	5	may	may	AUX
fbem-15373	84	6	be	be	AUX
fbem-15373	84	7	because	because	SCONJ
fbem-15373	84	8	the	the	PRON
fbem-15373	84	9	better	well	ADJ
fbem-15373	84	10	the	the	DET
fbem-15373	84	11	export	export	NOUN
fbem-15373	84	12	performance	performance	NOUN
fbem-15373	84	13	,	,	PUNCT
fbem-15373	84	14	the	the	PRON
fbem-15373	84	15	more	more	ADV
fbem-15373	84	16	the	the	DET
fbem-15373	84	17	firms	firm	NOUN
fbem-15373	84	18	have	have	VERB
fbem-15373	84	19	the	the	DET
fbem-15373	84	20	ability	ability	NOUN
fbem-15373	84	21	and	and	CCONJ
fbem-15373	84	22	willingness	willingness	NOUN
fbem-15373	84	23	to	to	PART
fbem-15373	84	24	enhance	enhance	VERB
fbem-15373	84	25	their	their	PRON
fbem-15373	84	26	esg	esg	NOUN
fbem-15373	84	27	performance	performance	NOUN
fbem-15373	84	28	,	,	PUNCT
fbem-15373	84	29	which	which	PRON
fbem-15373	84	30	brings	bring	VERB
fbem-15373	84	31	about	about	ADP
fbem-15373	84	32	the	the	DET
fbem-15373	84	33	problem	problem	NOUN
fbem-15373	84	34	of	of	ADP
fbem-15373	84	35	endogeneity	endogeneity	NOUN
fbem-15373	84	36	of	of	ADP
fbem-15373	84	37	the	the	DET
fbem-15373	84	38	reverse	reverse	ADJ
fbem-15373	84	39	causality	causality	NOUN
fbem-15373	84	40	type	type	NOUN
fbem-15373	84	41	.	.	PUNCT
fbem-15373	85	1	in	in	ADP
fbem-15373	85	2	order	order	NOUN
fbem-15373	85	3	to	to	PART
fbem-15373	85	4	alleviate	alleviate	VERB
fbem-15373	85	5	the	the	DET
fbem-15373	85	6	problem	problem	NOUN
fbem-15373	85	7	of	of	ADP
fbem-15373	85	8	mutual	mutual	ADJ
fbem-15373	85	9	causality	causality	NOUN
fbem-15373	85	10	between	between	ADP
fbem-15373	85	11	esg	esg	NOUN
fbem-15373	85	12	performance	performance	NOUN
fbem-15373	85	13	and	and	CCONJ
fbem-15373	85	14	corporate	corporate	ADJ
fbem-15373	85	15	exports	export	NOUN
fbem-15373	85	16	,	,	PUNCT
fbem-15373	85	17	this	this	DET
fbem-15373	85	18	paper	paper	NOUN
fbem-15373	85	19	refers	refer	VERB
fbem-15373	85	20	to	to	ADP
fbem-15373	85	21	yu	yu	PROPN
fbem-15373	85	22	fengfeng	fengfeng	PROPN
fbem-15373	85	23	's	's	PART
fbem-15373	85	24	"	"	PUNCT
fbem-15373	85	25	research	research	NOUN
fbem-15373	85	26	on	on	ADP
fbem-15373	85	27	the	the	DET
fbem-15373	85	28	impact	impact	NOUN
fbem-15373	85	29	of	of	ADP
fbem-15373	85	30	esg	esg	NOUN
fbem-15373	85	31	performance	performance	NOUN
fbem-15373	85	32	on	on	ADP
fbem-15373	85	33	corporate	corporate	ADJ
fbem-15373	85	34	exports	export	NOUN
fbem-15373	85	35	,	,	PUNCT
fbem-15373	85	36	"	"	PUNCT
fbem-15373	85	37	drawing	draw	VERB
fbem-15373	85	38	on	on	ADP
fbem-15373	85	39	jayaraman	jayaraman	NOUN
fbem-15373	85	40	and	and	CCONJ
fbem-15373	85	41	milbourn	milbourn	NOUN
fbem-15373	85	42	's	's	PART
fbem-15373	85	43	(	(	PUNCT
fbem-15373	85	44	2012	2012	NUM
fbem-15373	85	45	)	)	PUNCT
fbem-15373	85	46	methodology	methodology	NOUN
fbem-15373	85	47	.	.	PUNCT
fbem-15373	86	1	it	it	PRON
fbem-15373	86	2	considers	consider	VERB
fbem-15373	86	3	that	that	SCONJ
fbem-15373	86	4	lagged	lag	VERB
fbem-15373	86	5	esg	esg	NOUN
fbem-15373	86	6	performance	performance	NOUN
fbem-15373	86	7	is	be	AUX
fbem-15373	86	8	not	not	PART
fbem-15373	86	9	likely	likely	ADJ
fbem-15373	86	10	to	to	PART
fbem-15373	86	11	have	have	VERB
fbem-15373	86	12	an	an	DET
fbem-15373	86	13	impact	impact	NOUN
fbem-15373	86	14	on	on	ADP
fbem-15373	86	15	corporate	corporate	ADJ
fbem-15373	86	16	exports	export	NOUN
fbem-15373	86	17	in	in	ADP
fbem-15373	86	18	the	the	DET
fbem-15373	86	19	current	current	ADJ
fbem-15373	86	20	period	period	NOUN
fbem-15373	86	21	,	,	PUNCT
fbem-15373	86	22	the	the	DET
fbem-15373	86	23	lagged	lag	VERB
fbem-15373	86	24	one	one	NUM
fbem-15373	86	25	-	-	PUNCT
fbem-15373	86	26	period	period	NOUN
fbem-15373	86	27	esg	esg	NOUN
fbem-15373	86	28	disclosure	disclosure	NOUN
fbem-15373	86	29	is	be	AUX
fbem-15373	86	30	chosen	choose	VERB
fbem-15373	86	31	as	as	ADP
fbem-15373	86	32	the	the	DET
fbem-15373	86	33	instrumental	instrumental	ADJ
fbem-15373	86	34	variable	variable	NOUN
fbem-15373	86	35	,	,	PUNCT
fbem-15373	86	36	and	and	CCONJ
fbem-15373	86	37	the	the	DET
fbem-15373	86	38	relative	relative	NOUN
fbem-15373	86	39	lagged	lag	VERB
fbem-15373	86	40	one	one	NUM
fbem-15373	86	41	-	-	PUNCT
fbem-15373	86	42	period	period	NOUN
fbem-15373	86	43	esg	esg	NOUN
fbem-15373	86	44	disclosure	disclosure	NOUN
fbem-15373	86	45	indicator	indicator	NOUN
fbem-15373	86	46	replaces	replace	VERB
fbem-15373	86	47	the	the	DET
fbem-15373	86	48	current	current	ADJ
fbem-15373	86	49	-	-	PUNCT
fbem-15373	86	50	period	period	NOUN
fbem-15373	86	51	esg	esg	NOUN
fbem-15373	86	52	performance	performance	NOUN
fbem-15373	86	53	indicator	indicator	NOUN
fbem-15373	86	54	in	in	ADP
fbem-15373	86	55	the	the	DET
fbem-15373	86	56	model	model	NOUN
fbem-15373	86	57	.	.	PUNCT
fbem-15373	87	1	the	the	DET
fbem-15373	87	2	esg	esg	PROPN
fbem-15373	87	3	performance	performance	NOUN
fbem-15373	87	4	indicators	indicator	NOUN
fbem-15373	87	5	in	in	ADP
fbem-15373	87	6	the	the	DET
fbem-15373	87	7	model	model	NOUN
fbem-15373	87	8	were	be	AUX
fbem-15373	87	9	replaced	replace	VERB
fbem-15373	87	10	by	by	ADP
fbem-15373	87	11	data	datum	NOUN
fbem-15373	87	12	with	with	ADP
fbem-15373	87	13	relative	relative	ADJ
fbem-15373	87	14	lag	lag	NOUN
fbem-15373	87	15	periods	period	NOUN
fbem-15373	87	16	.	.	PUNCT
fbem-15373	88	1	the	the	DET
fbem-15373	88	2	test	test	NOUN
fbem-15373	88	3	results	result	NOUN
fbem-15373	88	4	show	show	VERB
fbem-15373	88	5	that	that	SCONJ
fbem-15373	88	6	poor	poor	ADJ
fbem-15373	88	7	esg	esg	NOUN
fbem-15373	88	8	performance	performance	NOUN
fbem-15373	88	9	remained	remain	VERB
fbem-15373	88	10	significantly	significantly	ADV
fbem-15373	88	11	positive	positive	ADJ
fbem-15373	88	12	in	in	ADP
fbem-15373	88	13	relation	relation	NOUN
fbem-15373	88	14	to	to	ADP
fbem-15373	88	15	enterprise	enterprise	NOUN
fbem-15373	88	16	exports	export	NOUN
fbem-15373	88	17	at	at	ADP
fbem-15373	88	18	a	a	DET
fbem-15373	88	19	statistical	statistical	ADJ
fbem-15373	88	20	level	level	NOUN
fbem-15373	88	21	of	of	ADP
fbem-15373	88	22	10	10	NUM
fbem-15373	88	23	%	%	NOUN
fbem-15373	88	24	,	,	PUNCT
fbem-15373	88	25	confirming	confirm	VERB
fbem-15373	88	26	that	that	SCONJ
fbem-15373	88	27	poor	poor	ADJ
fbem-15373	88	28	esg	esg	NOUN
fbem-15373	88	29	performance	performance	NOUN
fbem-15373	88	30	was	be	AUX
fbem-15373	88	31	having	have	VERB
fbem-15373	88	32	an	an	DET
fbem-15373	88	33	increasingly	increasingly	ADV
fbem-15373	88	34	positive	positive	ADJ
fbem-15373	88	35	impact	impact	NOUN
fbem-15373	88	36	on	on	ADP
fbem-15373	88	37	enterprise	enterprise	NOUN
fbem-15373	88	38	exports	export	NOUN
fbem-15373	88	39	,	,	PUNCT
fbem-15373	88	40	driven	drive	VERB
fbem-15373	88	41	by	by	ADP
fbem-15373	88	42	a	a	DET
fbem-15373	88	43	slowdown	slowdown	NOUN
fbem-15373	88	44	in	in	ADP
fbem-15373	88	45	market	market	NOUN
fbem-15373	88	46	share	share	NOUN
fbem-15373	88	47	in	in	ADP
fbem-15373	88	48	their	their	PRON
fbem-15373	88	49	sector	sector	NOUN
fbem-15373	88	50	.	.	PUNCT
fbem-15373	89	1	table	table	NOUN
fbem-15373	89	2	5	5	NUM
fbem-15373	89	3	.	.	PUNCT
fbem-15373	90	1	regression	regression	NOUN
fbem-15373	90	2	results	result	NOUN
fbem-15373	90	3	of	of	ADP
fbem-15373	90	4	robustness	robustness	NOUN
fbem-15373	90	5	test	test	NOUN
fbem-15373	90	6	(	(	PUNCT
fbem-15373	90	7	1	1	NUM
fbem-15373	90	8	)	)	PUNCT
fbem-15373	90	9	(	(	PUNCT
fbem-15373	90	10	2	2	NUM
fbem-15373	90	11	)	)	PUNCT
fbem-15373	90	12	(	(	PUNCT
fbem-15373	90	13	3	3	X
fbem-15373	90	14	)	)	PUNCT
fbem-15373	90	15	exp	exp	NOUN
fbem-15373	90	16	exp	exp	NOUN
fbem-15373	90	17	exp	exp	NOUN
fbem-15373	90	18	esg	esg	PROPN
fbem-15373	90	19	0.111	0.111	NUM
fbem-15373	90	20	*	*	PUNCT
fbem-15373	90	21	*	*	PUNCT
fbem-15373	90	22	*	*	PUNCT
fbem-15373	90	23	(	(	PUNCT
fbem-15373	90	24	0.038	0.038	NUM
fbem-15373	90	25	)	)	PUNCT
fbem-15373	90	26	esg*pms	esg*pm	VERB
fbem-15373	90	27	0.013	0.013	NUM
fbem-15373	90	28	0.834	0.834	NUM
fbem-15373	90	29	*	*	PUNCT
fbem-15373	90	30	*	*	PUNCT
fbem-15373	90	31	*	*	PUNCT
fbem-15373	90	32	1.035	1.035	NUM
fbem-15373	90	33	*	*	PUNCT
fbem-15373	90	34	*	*	PUNCT
fbem-15373	90	35	*	*	PUNCT
fbem-15373	90	36	(	(	PUNCT
fbem-15373	90	37	0.293	0.293	NUM
fbem-15373	90	38	)	)	PUNCT
fbem-15373	90	39	(	(	PUNCT
fbem-15373	90	40	0.292	0.292	NUM
fbem-15373	90	41	)	)	PUNCT
fbem-15373	90	42	(	(	PUNCT
fbem-15373	90	43	0.321	0.321	NUM
fbem-15373	90	44	)	)	PUNCT
fbem-15373	90	45	grow	grow	VERB
fbem-15373	90	46	0.486	0.486	NUM
fbem-15373	90	47	*	*	PUNCT
fbem-15373	90	48	*	*	PUNCT
fbem-15373	90	49	*	*	PUNCT
fbem-15373	90	50	0.240	0.240	NUM
fbem-15373	90	51	*	*	PUNCT
fbem-15373	90	52	*	*	PUNCT
fbem-15373	90	53	*	*	PUNCT
fbem-15373	90	54	0.126	0.126	PUNCT
fbem-15373	90	55	*	*	PUNCT
fbem-15373	90	56	*	*	PUNCT
fbem-15373	90	57	(	(	PUNCT
fbem-15373	90	58	0.163	0.163	NUM
fbem-15373	90	59	)	)	PUNCT
fbem-15373	90	60	(	(	PUNCT
fbem-15373	90	61	0.058	0.058	NUM
fbem-15373	90	62	)	)	PUNCT
fbem-15373	90	63	(	(	PUNCT
fbem-15373	90	64	0.058	0.058	NUM
fbem-15373	90	65	)	)	PUNCT
fbem-15373	90	66	cash	cash	NOUN
fbem-15373	90	67	-0.955	-0.955	NOUN
fbem-15373	90	68	*	*	NOUN
fbem-15373	90	69	*	*	PROPN
fbem-15373	90	70	0.326	0.326	NUM
fbem-15373	90	71	-0.098	-0.098	SYM
fbem-15373	90	72	(	(	PUNCT
fbem-15373	90	73	0.404	0.404	NUM
fbem-15373	90	74	)	)	PUNCT
fbem-15373	90	75	(	(	PUNCT
fbem-15373	90	76	0.260	0.260	NUM
fbem-15373	90	77	)	)	PUNCT
fbem-15373	90	78	(	(	PUNCT
fbem-15373	90	79	0.289	0.289	NUM
fbem-15373	90	80	)	)	PUNCT
fbem-15373	90	81	roa	roa	NOUN
fbem-15373	90	82	0.681	0.681	NUM
fbem-15373	90	83	0.529	0.529	NUM
fbem-15373	90	84	*	*	PUNCT
fbem-15373	90	85	*	*	PUNCT
fbem-15373	90	86	0.889	0.889	NUM
fbem-15373	90	87	*	*	PUNCT
fbem-15373	90	88	*	*	PUNCT
fbem-15373	90	89	*	*	PUNCT
fbem-15373	90	90	(	(	PUNCT
fbem-15373	90	91	0.542	0.542	NUM
fbem-15373	90	92	)	)	PUNCT
fbem-15373	90	93	(	(	PUNCT
fbem-15373	90	94	0.227	0.227	NUM
fbem-15373	90	95	)	)	PUNCT
fbem-15373	90	96	(	(	PUNCT
fbem-15373	90	97	0.258	0.258	NUM
fbem-15373	90	98	)	)	PUNCT
fbem-15373	90	99	size	size	NOUN
fbem-15373	90	100	1.015	1.015	NUM
fbem-15373	90	101	*	*	NOUN
fbem-15373	90	102	*	*	PUNCT
fbem-15373	90	103	*	*	PUNCT
fbem-15373	90	104	0.915	0.915	NUM
fbem-15373	90	105	*	*	PUNCT
fbem-15373	90	106	*	*	PUNCT
fbem-15373	90	107	*	*	PUNCT
fbem-15373	90	108	0.904	0.904	NUM
fbem-15373	90	109	*	*	PUNCT
fbem-15373	90	110	*	*	PUNCT
fbem-15373	90	111	*	*	PUNCT
fbem-15373	90	112	(	(	PUNCT
fbem-15373	90	113	0.036	0.036	NUM
fbem-15373	90	114	)	)	PUNCT
fbem-15373	90	115	(	(	PUNCT
fbem-15373	90	116	0.062	0.062	NUM
fbem-15373	90	117	)	)	PUNCT
fbem-15373	90	118	(	(	PUNCT
fbem-15373	90	119	0.075	0.075	NUM
fbem-15373	90	120	)	)	PUNCT
fbem-15373	90	121	2018	2018	NUM
fbem-15373	90	122	.	.	PUNCT
fbem-15373	91	1	annual	annual	ADJ
fbem-15373	91	2	0.000	0.000	NUM
fbem-15373	91	3	(	(	PUNCT
fbem-15373	91	4	.	.	PUNCT
fbem-15373	91	5	)	)	PUNCT
fbem-15373	91	6	2019	2019	NUM
fbem-15373	91	7	.	.	PUNCT
fbem-15373	92	1	annual	annual	ADJ
fbem-15373	92	2	0.067	0.067	NUM
fbem-15373	92	3	*	*	SYM
fbem-15373	92	4	(	(	PUNCT
fbem-15373	92	5	0.036	0.036	NUM
fbem-15373	92	6	)	)	PUNCT
fbem-15373	92	7	2020	2020	NUM
fbem-15373	92	8	.	.	PUNCT
fbem-15373	93	1	-0.041	-0.041	PUNCT
fbem-15373	93	2	(	(	PUNCT
fbem-15373	93	3	0.037	0.037	NUM
fbem-15373	93	4	)	)	PUNCT
fbem-15373	93	5	2021	2021	NUM
fbem-15373	93	6	.	.	PUNCT
fbem-15373	94	1	-0.063	-0.063	PUNCT
fbem-15373	94	2	(	(	PUNCT
fbem-15373	94	3	0.039	0.039	NUM
fbem-15373	94	4	)	)	PUNCT
fbem-15373	94	5	2022	2022	NUM
fbem-15373	94	6	.	.	PUNCT
fbem-15373	95	1	0.044	0.044	NUM
fbem-15373	95	2	(	(	PUNCT
fbem-15373	95	3	0.042	0.042	NUM
fbem-15373	95	4	)	)	PUNCT
fbem-15373	95	5	l.	l.	PROPN
fbem-15373	95	6	annual	annual	ADJ
fbem-15373	95	7	-0.005	-0.005	PUNCT
fbem-15373	95	8	(	(	PUNCT
fbem-15373	95	9	0.012	0.012	NUM
fbem-15373	95	10	)	)	PUNCT
fbem-15373	95	11	_	_	NOUN
fbem-15373	95	12	cons	con	NOUN
fbem-15373	95	13	-3.673	-3.673	VERB
fbem-15373	95	14	*	*	PUNCT
fbem-15373	95	15	*	*	PUNCT
fbem-15373	95	16	*	*	PUNCT
fbem-15373	95	17	-0.999	-0.999	NUM
fbem-15373	95	18	9.170	9.170	NUM
fbem-15373	95	19	(	(	PUNCT
fbem-15373	95	20	0.832	0.832	NUM
fbem-15373	95	21	)	)	PUNCT
fbem-15373	95	22	(	(	PUNCT
fbem-15373	95	23	1.472	1.472	NUM
fbem-15373	95	24	)	)	PUNCT
fbem-15373	95	25	(	(	PUNCT
fbem-15373	95	26	23.898	23.898	NUM
fbem-15373	95	27	)	)	PUNCT
fbem-15373	95	28	n	n	ADP
fbem-15373	95	29	2125.000	2125.000	NUM
fbem-15373	95	30	2125.000	2125.000	NUM
fbem-15373	95	31	1700.000	1700.000	NUM
fbem-15373	95	32	r2	r2	NOUN
fbem-15373	95	33	0.355	0.355	NUM
fbem-15373	95	34	0.214	0.214	NUM
fbem-15373	95	35	0.197	0.197	NUM
fbem-15373	95	36	ar2	ar2	PROPN
fbem-15373	95	37	individual	individual	ADJ
fbem-15373	95	38	fixed	fix	VERB
fbem-15373	95	39	effect	effect	NOUN
fbem-15373	96	1	yes	yes	INTJ
fbem-15373	96	2	yes	yes	INTJ
fbem-15373	97	1	yes	yes	INTJ
fbem-15373	97	2	time	time	NOUN
fbem-15373	97	3	fixed	fix	VERB
fbem-15373	97	4	effect	effect	NOUN
fbem-15373	98	1	yes	yes	INTJ
fbem-15373	98	2	yes	yes	INTJ
fbem-15373	98	3	yes	yes	INTJ
fbem-15373	98	4	standard	standard	ADJ
fbem-15373	98	5	errors	error	NOUN
fbem-15373	98	6	in	in	ADP
fbem-15373	98	7	parentheses	parenthesis	NOUN
fbem-15373	98	8	*	*	PUNCT
fbem-15373	98	9	p	p	X
fbem-15373	98	10	<	<	X
fbem-15373	98	11	0.1	0.1	NUM
fbem-15373	98	12	,	,	PUNCT
fbem-15373	98	13	*	*	PUNCT
fbem-15373	98	14	*	*	PUNCT
fbem-15373	99	1	p	p	X
fbem-15373	99	2	<	<	X
fbem-15373	99	3	0.05	0.05	NUM
fbem-15373	99	4	,	,	PUNCT
fbem-15373	99	5	*	*	PUNCT
fbem-15373	99	6	*	*	PUNCT
fbem-15373	99	7	*	*	PUNCT
fbem-15373	100	1	p	p	X
fbem-15373	100	2	<	<	X
fbem-15373	100	3	0.01	0.01	NUM
fbem-15373	100	4	65	65	NUM
fbem-15373	100	5	6	6	NUM
fbem-15373	100	6	.	.	PUNCT
fbem-15373	100	7	conclusions	conclusion	NOUN
fbem-15373	100	8	and	and	CCONJ
fbem-15373	100	9	recommendations	recommendation	NOUN
fbem-15373	100	10	for	for	ADP
fbem-15373	100	11	response	response	NOUN
fbem-15373	100	12	6.1	6.1	NUM
fbem-15373	100	13	.	.	PUNCT
fbem-15373	101	1	conclusions	conclusion	NOUN
fbem-15373	101	2	of	of	ADP
fbem-15373	101	3	the	the	DET
fbem-15373	101	4	study	study	NOUN
fbem-15373	101	5	the	the	DET
fbem-15373	101	6	regression	regression	NOUN
fbem-15373	101	7	results	result	NOUN
fbem-15373	101	8	show	show	VERB
fbem-15373	101	9	that	that	SCONJ
fbem-15373	101	10	esg	esg	NOUN
fbem-15373	101	11	performance	performance	NOUN
fbem-15373	101	12	has	have	VERB
fbem-15373	101	13	a	a	DET
fbem-15373	101	14	significant	significant	ADJ
fbem-15373	101	15	role	role	NOUN
fbem-15373	101	16	in	in	ADP
fbem-15373	101	17	promoting	promote	VERB
fbem-15373	101	18	enterprises	enterprise	NOUN
fbem-15373	101	19	'	'	PART
fbem-15373	101	20	exports	export	NOUN
fbem-15373	101	21	.	.	PUNCT
fbem-15373	102	1	in	in	ADP
fbem-15373	102	2	contrast	contrast	NOUN
fbem-15373	102	3	,	,	PUNCT
fbem-15373	102	4	with	with	ADP
fbem-15373	102	5	the	the	DET
fbem-15373	102	6	introduction	introduction	NOUN
fbem-15373	102	7	of	of	ADP
fbem-15373	102	8	the	the	DET
fbem-15373	102	9	host	host	NOUN
fbem-15373	102	10	industry	industry	NOUN
fbem-15373	102	11	market	market	NOUN
fbem-15373	102	12	share	share	NOUN
fbem-15373	102	13	regulating	regulate	VERB
fbem-15373	102	14	variables	variable	NOUN
fbem-15373	102	15	to	to	PART
fbem-15373	102	16	establish	establish	VERB
fbem-15373	102	17	a	a	DET
fbem-15373	102	18	regulation	regulation	NOUN
fbem-15373	102	19	model	model	NOUN
fbem-15373	102	20	,	,	PUNCT
fbem-15373	102	21	the	the	DET
fbem-15373	102	22	results	result	NOUN
fbem-15373	102	23	show	show	VERB
fbem-15373	102	24	that	that	SCONJ
fbem-15373	102	25	the	the	DET
fbem-15373	102	26	esg	esg	PROPN
fbem-15373	102	27	performance	performance	NOUN
fbem-15373	102	28	of	of	ADP
fbem-15373	102	29	enterprises	enterprise	NOUN
fbem-15373	102	30	can	can	AUX
fbem-15373	102	31	promote	promote	VERB
fbem-15373	102	32	exports	export	NOUN
fbem-15373	102	33	by	by	ADP
fbem-15373	102	34	increasing	increase	VERB
fbem-15373	102	35	the	the	DET
fbem-15373	102	36	market	market	NOUN
fbem-15373	102	37	share	share	NOUN
fbem-15373	102	38	of	of	ADP
fbem-15373	102	39	the	the	DET
fbem-15373	102	40	host	host	NOUN
fbem-15373	102	41	industry	industry	NOUN
fbem-15373	102	42	,	,	PUNCT
fbem-15373	102	43	and	and	CCONJ
fbem-15373	102	44	the	the	DET
fbem-15373	102	45	empirical	empirical	ADJ
fbem-15373	102	46	results	result	NOUN
fbem-15373	102	47	are	be	AUX
fbem-15373	102	48	consistent	consistent	ADJ
fbem-15373	102	49	with	with	ADP
fbem-15373	102	50	the	the	DET
fbem-15373	102	51	research	research	NOUN
fbem-15373	102	52	hypothesis	hypothesis	NOUN
fbem-15373	102	53	of	of	ADP
fbem-15373	102	54	the	the	DET
fbem-15373	102	55	text	text	NOUN
fbem-15373	102	56	.	.	PUNCT
fbem-15373	103	1	firms	firm	NOUN
fbem-15373	103	2	'	'	PART
fbem-15373	103	3	esg	esg	NOUN
fbem-15373	103	4	performance	performance	NOUN
fbem-15373	103	5	an	an	DET
fbem-15373	103	6	enterprise	enterprise	NOUN
fbem-15373	103	7	has	have	VERB
fbem-15373	103	8	a	a	DET
fbem-15373	103	9	positive	positive	ADJ
fbem-15373	103	10	impact	impact	NOUN
fbem-15373	103	11	on	on	ADP
fbem-15373	103	12	the	the	DET
fbem-15373	103	13	export	export	NOUN
fbem-15373	103	14	of	of	ADP
fbem-15373	103	15	an	an	DET
fbem-15373	103	16	enterprise	enterprise	NOUN
fbem-15373	103	17	[	[	X
fbem-15373	103	18	1	1	NUM
fbem-15373	103	19	]	]	PUNCT
fbem-15373	103	20	,	,	PUNCT
fbem-15373	103	21	i.e.	i.e.	X
fbem-15373	103	22	,	,	PUNCT
fbem-15373	103	23	the	the	PRON
fbem-15373	103	24	better	well	ADJ
fbem-15373	103	25	the	the	DET
fbem-15373	103	26	esg	esg	NOUN
fbem-15373	103	27	performance	performance	NOUN
fbem-15373	103	28	of	of	ADP
fbem-15373	103	29	the	the	DET
fbem-15373	103	30	enterprise	enterprise	NOUN
fbem-15373	103	31	,	,	PUNCT
fbem-15373	103	32	the	the	PRON
fbem-15373	103	33	higher	high	ADJ
fbem-15373	103	34	the	the	DET
fbem-15373	103	35	score	score	NOUN
fbem-15373	103	36	,	,	PUNCT
fbem-15373	103	37	the	the	DET
fbem-15373	103	38	more	more	ADV
fbem-15373	103	39	favorable	favorable	ADJ
fbem-15373	103	40	the	the	DET
fbem-15373	103	41	export	export	NOUN
fbem-15373	103	42	of	of	ADP
fbem-15373	103	43	the	the	DET
fbem-15373	103	44	enterprise	enterprise	NOUN
fbem-15373	103	45	.	.	PUNCT
fbem-15373	104	1	the	the	DET
fbem-15373	104	2	positive	positive	ADJ
fbem-15373	104	3	effect	effect	NOUN
fbem-15373	104	4	of	of	ADP
fbem-15373	104	5	enterprise	enterprise	NOUN
fbem-15373	104	6	esg	esg	NOUN
fbem-15373	104	7	performance	performance	NOUN
fbem-15373	104	8	on	on	ADP
fbem-15373	104	9	enterprise	enterprise	NOUN
fbem-15373	104	10	export	export	NOUN
fbem-15373	104	11	is	be	AUX
fbem-15373	104	12	increasing	increase	VERB
fbem-15373	104	13	under	under	ADP
fbem-15373	104	14	the	the	DET
fbem-15373	104	15	moderating	moderate	VERB
fbem-15373	104	16	effect	effect	NOUN
fbem-15373	104	17	of	of	ADP
fbem-15373	104	18	the	the	DET
fbem-15373	104	19	market	market	NOUN
fbem-15373	104	20	share	share	NOUN
fbem-15373	104	21	of	of	ADP
fbem-15373	104	22	the	the	DET
fbem-15373	104	23	industry	industry	NOUN
fbem-15373	104	24	in	in	ADP
fbem-15373	104	25	which	which	PRON
fbem-15373	104	26	it	it	PRON
fbem-15373	104	27	is	be	AUX
fbem-15373	104	28	located	locate	VERB
fbem-15373	104	29	,	,	PUNCT
fbem-15373	104	30	i.e.	i.e.	X
fbem-15373	104	31	,	,	PUNCT
fbem-15373	104	32	the	the	PRON
fbem-15373	104	33	better	well	ADJ
fbem-15373	104	34	the	the	DET
fbem-15373	104	35	esg	esg	NOUN
fbem-15373	104	36	performance	performance	NOUN
fbem-15373	104	37	of	of	ADP
fbem-15373	104	38	the	the	DET
fbem-15373	104	39	enterprise	enterprise	NOUN
fbem-15373	104	40	,	,	PUNCT
fbem-15373	104	41	the	the	PRON
fbem-15373	104	42	higher	high	ADJ
fbem-15373	104	43	the	the	DET
fbem-15373	104	44	score	score	NOUN
fbem-15373	104	45	,	,	PUNCT
fbem-15373	104	46	the	the	PRON
fbem-15373	104	47	larger	large	ADJ
fbem-15373	104	48	the	the	DET
fbem-15373	104	49	market	market	NOUN
fbem-15373	104	50	share	share	NOUN
fbem-15373	104	51	of	of	ADP
fbem-15373	104	52	the	the	DET
fbem-15373	104	53	industry	industry	NOUN
fbem-15373	104	54	in	in	ADP
fbem-15373	104	55	which	which	PRON
fbem-15373	104	56	it	it	PRON
fbem-15373	104	57	is	be	AUX
fbem-15373	104	58	located	locate	VERB
fbem-15373	104	59	,	,	PUNCT
fbem-15373	104	60	and	and	CCONJ
fbem-15373	104	61	the	the	DET
fbem-15373	104	62	more	more	ADV
fbem-15373	104	63	favorable	favorable	ADJ
fbem-15373	104	64	it	it	PRON
fbem-15373	104	65	is	be	AUX
fbem-15373	104	66	for	for	ADP
fbem-15373	104	67	the	the	DET
fbem-15373	104	68	enterprise	enterprise	NOUN
fbem-15373	104	69	's	's	PART
fbem-15373	104	70	export	export	NOUN
fbem-15373	104	71	.	.	PUNCT
fbem-15373	105	1	6.2	6.2	NUM
fbem-15373	105	2	.	.	PUNCT
fbem-15373	105	3	revelations	revelation	NOUN
fbem-15373	105	4	the	the	DET
fbem-15373	105	5	government	government	NOUN
fbem-15373	105	6	needs	need	VERB
fbem-15373	105	7	to	to	PART
fbem-15373	105	8	play	play	VERB
fbem-15373	105	9	more	more	ADJ
fbem-15373	105	10	role	role	NOUN
fbem-15373	105	11	in	in	ADP
fbem-15373	105	12	the	the	DET
fbem-15373	105	13	esg	esg	NOUN
fbem-15373	105	14	field	field	NOUN
fbem-15373	105	15	,	,	PUNCT
fbem-15373	105	16	establish	establish	VERB
fbem-15373	105	17	an	an	DET
fbem-15373	105	18	official	official	ADJ
fbem-15373	105	19	esg	esg	NOUN
fbem-15373	105	20	rating	rating	NOUN
fbem-15373	105	21	system	system	NOUN
fbem-15373	105	22	,	,	PUNCT
fbem-15373	105	23	and	and	CCONJ
fbem-15373	105	24	formulate	formulate	VERB
fbem-15373	105	25	comprehensive	comprehensive	ADJ
fbem-15373	105	26	and	and	CCONJ
fbem-15373	105	27	strict	strict	ADJ
fbem-15373	105	28	policy	policy	NOUN
fbem-15373	105	29	documents	document	NOUN
fbem-15373	105	30	to	to	PART
fbem-15373	105	31	stipulate	stipulate	VERB
fbem-15373	105	32	corporate	corporate	ADJ
fbem-15373	105	33	disclosure	disclosure	NOUN
fbem-15373	105	34	.	.	PUNCT
fbem-15373	106	1	a	a	DET
fbem-15373	106	2	reward	reward	NOUN
fbem-15373	106	3	and	and	CCONJ
fbem-15373	106	4	punishment	punishment	NOUN
fbem-15373	106	5	system	system	NOUN
fbem-15373	106	6	should	should	AUX
fbem-15373	106	7	be	be	AUX
fbem-15373	106	8	implemented	implement	VERB
fbem-15373	106	9	to	to	PART
fbem-15373	106	10	provide	provide	VERB
fbem-15373	106	11	policy	policy	NOUN
fbem-15373	106	12	incentives	incentive	NOUN
fbem-15373	106	13	and	and	CCONJ
fbem-15373	106	14	subsidies	subsidy	NOUN
fbem-15373	106	15	to	to	ADP
fbem-15373	106	16	enterprises	enterprise	NOUN
fbem-15373	106	17	with	with	ADP
fbem-15373	106	18	positive	positive	ADJ
fbem-15373	106	19	performance	performance	NOUN
fbem-15373	106	20	and	and	CCONJ
fbem-15373	106	21	to	to	PART
fbem-15373	106	22	penalize	penalize	VERB
fbem-15373	106	23	enterprises	enterprise	NOUN
fbem-15373	106	24	with	with	ADP
fbem-15373	106	25	poor	poor	ADJ
fbem-15373	106	26	performance	performance	NOUN
fbem-15373	106	27	or	or	CCONJ
fbem-15373	106	28	falsified	falsified	ADJ
fbem-15373	106	29	data	datum	NOUN
fbem-15373	106	30	.	.	PUNCT
fbem-15373	107	1	improve	improve	VERB
fbem-15373	107	2	the	the	DET
fbem-15373	107	3	external	external	ADJ
fbem-15373	107	4	legal	legal	ADJ
fbem-15373	107	5	environment	environment	NOUN
fbem-15373	107	6	.	.	PUNCT
fbem-15373	108	1	promote	promote	VERB
fbem-15373	108	2	banks	bank	NOUN
fbem-15373	108	3	or	or	CCONJ
fbem-15373	108	4	financial	financial	ADJ
fbem-15373	108	5	institutions	institution	NOUN
fbem-15373	108	6	and	and	CCONJ
fbem-15373	108	7	others	other	NOUN
fbem-15373	108	8	to	to	PART
fbem-15373	108	9	lend	lend	VERB
fbem-15373	108	10	to	to	ADP
fbem-15373	108	11	the	the	DET
fbem-15373	108	12	esg	esg	NOUN
fbem-15373	108	13	sector	sector	NOUN
fbem-15373	108	14	and	and	CCONJ
fbem-15373	108	15	launch	launch	VERB
fbem-15373	108	16	more	more	ADJ
fbem-15373	108	17	green	green	ADJ
fbem-15373	108	18	ecological	ecological	ADJ
fbem-15373	108	19	loans	loan	NOUN
fbem-15373	108	20	,	,	PUNCT
fbem-15373	108	21	funds	fund	NOUN
fbem-15373	108	22	,	,	PUNCT
fbem-15373	108	23	and	and	CCONJ
fbem-15373	108	24	carbon	carbon	NOUN
fbem-15373	108	25	financial	financial	ADJ
fbem-15373	108	26	products	product	NOUN
fbem-15373	108	27	or	or	CCONJ
fbem-15373	108	28	financial	financial	ADJ
fbem-15373	108	29	products	product	NOUN
fbem-15373	108	30	with	with	ADP
fbem-15373	108	31	esg	esg	PROPN
fbem-15373	108	32	concepts[2,4	concepts[2,4	PROPN
fbem-15373	108	33	]	]	PUNCT
fbem-15373	108	34	.	.	PUNCT
fbem-15373	109	1	references	reference	NOUN
fbem-15373	109	2	[	[	X
fbem-15373	109	3	1	1	NUM
fbem-15373	109	4	]	]	X
fbem-15373	109	5	yu	yu	PROPN
fbem-15373	109	6	,	,	PUNCT
fbem-15373	109	7	f.	f.	PROPN
fbem-15373	109	8	(	(	PUNCT
fbem-15373	109	9	2020	2020	NUM
fbem-15373	109	10	)	)	PUNCT
fbem-15373	109	11	.	.	PUNCT
fbem-15373	110	1	a	a	DET
fbem-15373	110	2	study	study	NOUN
fbem-15373	110	3	on	on	ADP
fbem-15373	110	4	the	the	DET
fbem-15373	110	5	impact	impact	NOUN
fbem-15373	110	6	of	of	ADP
fbem-15373	110	7	esg	esg	NOUN
fbem-15373	110	8	performance	performance	NOUN
fbem-15373	110	9	on	on	ADP
fbem-15373	110	10	corporate	corporate	ADJ
fbem-15373	110	11	exports	export	NOUN
fbem-15373	110	12	.	.	PUNCT
fbem-15373	111	1	thesis	thesis	NOUN
fbem-15373	111	2	of	of	ADP
fbem-15373	111	3	shanghai	shanghai	PROPN
fbem-15373	111	4	international	international	PROPN
fbem-15373	111	5	studies	studies	PROPN
fbem-15373	111	6	university	university	NOUN
fbem-15373	111	7	,	,	PUNCT
fbem-15373	111	8	1	1	NUM
fbem-15373	111	9	-	-	SYM
fbem-15373	111	10	28	28	NUM
fbem-15373	111	11	.	.	PUNCT
fbem-15373	112	1	[	[	X
fbem-15373	112	2	2	2	NUM
fbem-15373	112	3	]	]	X
fbem-15373	112	4	jiang	jiang	PROPN
fbem-15373	112	5	,	,	PUNCT
fbem-15373	112	6	z.	z.	PROPN
fbem-15373	112	7	(	(	PUNCT
fbem-15373	112	8	2023	2023	NUM
fbem-15373	112	9	)	)	PUNCT
fbem-15373	112	10	.	.	PUNCT
fbem-15373	113	1	how	how	SCONJ
fbem-15373	113	2	esg	esg	NOUN
fbem-15373	113	3	affects	affect	VERB
fbem-15373	113	4	chinese	chinese	ADJ
fbem-15373	113	5	firms	firm	NOUN
fbem-15373	113	6	'	'	PART
fbem-15373	113	7	export	export	NOUN
fbem-15373	113	8	trade	trade	NOUN
fbem-15373	113	9	.	.	PUNCT
fbem-15373	114	1	foreign	foreign	ADJ
fbem-15373	114	2	investment	investment	NOUN
fbem-15373	114	3	in	in	ADP
fbem-15373	114	4	china	china	PROPN
fbem-15373	114	5	,	,	PUNCT
fbem-15373	114	6	08:33	08:33	NUM
fbem-15373	114	7	-	-	SYM
fbem-15373	114	8	35	35	NUM
fbem-15373	114	9	.	.	PUNCT
fbem-15373	115	1	[	[	X
fbem-15373	115	2	3	3	X
fbem-15373	115	3	]	]	X
fbem-15373	115	4	an	an	PROPN
fbem-15373	115	5	,	,	PUNCT
fbem-15373	115	6	r.	r.	PROPN
fbem-15373	115	7	,	,	PUNCT
fbem-15373	115	8	chen	chen	PROPN
fbem-15373	115	9	,	,	PUNCT
fbem-15373	115	10	y.	y.	PROPN
fbem-15373	115	11	(	(	PUNCT
fbem-15373	115	12	2023	2023	NUM
fbem-15373	115	13	)	)	PUNCT
fbem-15373	115	14	.	.	PUNCT
fbem-15373	116	1	corporate	corporate	ADJ
fbem-15373	116	2	esg	esg	PROPN
fbem-15373	116	3	performance	performance	NOUN
fbem-15373	116	4	,	,	PUNCT
fbem-15373	116	5	r&d	r&d	NOUN
fbem-15373	116	6	investment	investment	NOUN
fbem-15373	116	7	and	and	CCONJ
fbem-15373	116	8	export	export	NOUN
fbem-15373	116	9	performance	performance	NOUN
fbem-15373	116	10	improvement	improvement	NOUN
fbem-15373	116	11	.	.	PUNCT
fbem-15373	117	1	economic	economic	ADJ
fbem-15373	117	2	review	review	PROPN
fbem-15373	117	3	journal	journal	NOUN
fbem-15373	117	4	,	,	PUNCT
fbem-15373	117	5	08	08	NUM
fbem-15373	117	6	:	:	SYM
fbem-15373	117	7	98	98	NUM
fbem-15373	117	8	-	-	SYM
fbem-15373	117	9	106	106	NUM
fbem-15373	117	10	.	.	PUNCT
fbem-15373	118	1	[	[	X
fbem-15373	118	2	4	4	NUM
fbem-15373	118	3	]	]	X
fbem-15373	118	4	lai	lai	PROPN
fbem-15373	118	5	,	,	PUNCT
fbem-15373	118	6	y.	y.	PROPN
fbem-15373	118	7	,	,	PUNCT
fbem-15373	118	8	yang	yang	PROPN
fbem-15373	118	9	,	,	PUNCT
fbem-15373	118	10	t.	t.	PROPN
fbem-15373	118	11	(	(	PUNCT
fbem-15373	118	12	2023	2023	NUM
fbem-15373	118	13	)	)	PUNCT
fbem-15373	118	14	.	.	PUNCT
fbem-15373	119	1	esg	esg	PROPN
fbem-15373	119	2	,	,	PUNCT
fbem-15373	119	3	market	market	NOUN
fbem-15373	119	4	attention	attention	NOUN
fbem-15373	119	5	and	and	CCONJ
fbem-15373	119	6	corporate	corporate	ADJ
fbem-15373	119	7	value	value	NOUN
fbem-15373	119	8	.	.	PUNCT
fbem-15373	120	1	business	business	NOUN
fbem-15373	120	2	observation	observation	NOUN
fbem-15373	120	3	,	,	PUNCT
fbem-15373	120	4	9(26	9(26	NUM
fbem-15373	120	5	):	):	PUNCT
fbem-15373	120	6	73	73	NUM
fbem-15373	120	7	-	-	SYM
fbem-15373	120	8	76	76	NUM
fbem-15373	120	9	+	+	NOUN
fbem-15373	120	10	80	80	NUM
fbem-15373	120	11	.	.	PUNCT