id	sid	tid	token	lemma	pos
fbem-16429	1	1	frontiers	frontier	NOUN
fbem-16429	1	2	in	in	ADP
fbem-16429	1	3	business	business	NOUN
fbem-16429	1	4	,	,	PUNCT
fbem-16429	1	5	economics	economic	NOUN
fbem-16429	1	6	and	and	CCONJ
fbem-16429	1	7	management	management	NOUN
fbem-16429	1	8	issn	issn	PROPN
fbem-16429	1	9	:	:	PUNCT
fbem-16429	1	10	2766	2766	NUM
fbem-16429	1	11	-	-	PUNCT
fbem-16429	1	12	824x	824x	NUM
fbem-16429	1	13	|	|	ADJ
fbem-16429	1	14	vol	vol	NOUN
fbem-16429	1	15	.	.	PROPN
fbem-16429	1	16	13	13	NUM
fbem-16429	1	17	,	,	PUNCT
fbem-16429	1	18	no	no	INTJ
fbem-16429	1	19	.	.	NOUN
fbem-16429	1	20	1	1	NUM
fbem-16429	1	21	,	,	PUNCT
fbem-16429	1	22	2024	2024	NUM
fbem-16429	1	23	11	11	NUM
fbem-16429	1	24	research	research	NOUN
fbem-16429	1	25	on	on	ADP
fbem-16429	1	26	the	the	DET
fbem-16429	1	27	amplification	amplification	NOUN
fbem-16429	1	28	effect	effect	NOUN
fbem-16429	1	29	of	of	ADP
fbem-16429	1	30	trading	trading	NOUN
fbem-16429	1	31	volume	volume	NOUN
fbem-16429	1	32	on	on	ADP
fbem-16429	1	33	mispricing	misprice	VERB
fbem-16429	1	34	in	in	ADP
fbem-16429	1	35	the	the	DET
fbem-16429	1	36	chinese	chinese	ADJ
fbem-16429	1	37	a‐share	a‐share	PUNCT
fbem-16429	1	38	market	market	NOUN
fbem-16429	1	39	zhonglong	zhonglong	PROPN
fbem-16429	1	40	wang	wang	PROPN
fbem-16429	1	41	school	school	PROPN
fbem-16429	1	42	of	of	ADP
fbem-16429	1	43	business	business	NOUN
fbem-16429	1	44	,	,	PUNCT
fbem-16429	1	45	nanjing	nanjing	PROPN
fbem-16429	1	46	normal	normal	ADJ
fbem-16429	1	47	university	university	PROPN
fbem-16429	1	48	,	,	PUNCT
fbem-16429	1	49	nanjing	nanjing	PROPN
fbem-16429	1	50	,	,	PUNCT
fbem-16429	1	51	china	china	PROPN
fbem-16429	1	52	abstract	abstract	NOUN
fbem-16429	1	53	:	:	PUNCT
fbem-16429	1	54	with	with	ADP
fbem-16429	1	55	the	the	DET
fbem-16429	1	56	continuous	continuous	ADJ
fbem-16429	1	57	growth	growth	NOUN
fbem-16429	1	58	of	of	ADP
fbem-16429	1	59	the	the	DET
fbem-16429	1	60	economy	economy	NOUN
fbem-16429	1	61	,	,	PUNCT
fbem-16429	1	62	the	the	DET
fbem-16429	1	63	residents	resident	NOUN
fbem-16429	1	64	'	'	PART
fbem-16429	1	65	demand	demand	NOUN
fbem-16429	1	66	for	for	ADP
fbem-16429	1	67	preserving	preserve	VERB
fbem-16429	1	68	and	and	CCONJ
fbem-16429	1	69	appreciating	appreciate	VERB
fbem-16429	1	70	family	family	NOUN
fbem-16429	1	71	wealth	wealth	NOUN
fbem-16429	1	72	has	have	AUX
fbem-16429	1	73	gradually	gradually	ADV
fbem-16429	1	74	become	become	VERB
fbem-16429	1	75	prominent	prominent	ADJ
fbem-16429	1	76	.	.	PUNCT
fbem-16429	2	1	the	the	DET
fbem-16429	2	2	stock	stock	NOUN
fbem-16429	2	3	market	market	NOUN
fbem-16429	2	4	has	have	AUX
fbem-16429	2	5	become	become	VERB
fbem-16429	2	6	the	the	DET
fbem-16429	2	7	primary	primary	ADJ
fbem-16429	2	8	choice	choice	NOUN
fbem-16429	2	9	for	for	ADP
fbem-16429	2	10	investors	investor	NOUN
fbem-16429	2	11	pursuing	pursue	VERB
fbem-16429	2	12	asset	asset	NOUN
fbem-16429	2	13	appreciation	appreciation	NOUN
fbem-16429	2	14	.	.	PUNCT
fbem-16429	3	1	investors	investor	NOUN
fbem-16429	3	2	expect	expect	VERB
fbem-16429	3	3	to	to	PART
fbem-16429	3	4	achieve	achieve	VERB
fbem-16429	3	5	higher	high	ADJ
fbem-16429	3	6	returns	return	NOUN
fbem-16429	3	7	through	through	ADP
fbem-16429	3	8	scientific	scientific	ADJ
fbem-16429	3	9	methods	method	NOUN
fbem-16429	3	10	,	,	PUNCT
fbem-16429	3	11	and	and	CCONJ
fbem-16429	3	12	factor	factor	NOUN
fbem-16429	3	13	models	model	NOUN
fbem-16429	3	14	,	,	PUNCT
fbem-16429	3	15	as	as	ADV
fbem-16429	3	16	well	well	ADV
fbem-16429	3	17	as	as	ADP
fbem-16429	3	18	mispricing	misprice	VERB
fbem-16429	3	19	,	,	PUNCT
fbem-16429	3	20	have	have	AUX
fbem-16429	3	21	become	become	VERB
fbem-16429	3	22	the	the	DET
fbem-16429	3	23	focus	focus	NOUN
fbem-16429	3	24	of	of	ADP
fbem-16429	3	25	attention	attention	NOUN
fbem-16429	3	26	,	,	PUNCT
fbem-16429	3	27	aiming	aim	VERB
fbem-16429	3	28	to	to	PART
fbem-16429	3	29	obtain	obtain	VERB
fbem-16429	3	30	excess	excess	ADJ
fbem-16429	3	31	returns	return	NOUN
fbem-16429	3	32	through	through	ADP
fbem-16429	3	33	market	market	NOUN
fbem-16429	3	34	anomalies	anomaly	NOUN
fbem-16429	3	35	.	.	PUNCT
fbem-16429	4	1	however	however	ADV
fbem-16429	4	2	,	,	PUNCT
fbem-16429	4	3	with	with	ADP
fbem-16429	4	4	technological	technological	ADJ
fbem-16429	4	5	advances	advance	NOUN
fbem-16429	4	6	,	,	PUNCT
fbem-16429	4	7	the	the	DET
fbem-16429	4	8	complexity	complexity	NOUN
fbem-16429	4	9	of	of	ADP
fbem-16429	4	10	the	the	DET
fbem-16429	4	11	market	market	NOUN
fbem-16429	4	12	is	be	AUX
fbem-16429	4	13	increasing	increase	VERB
fbem-16429	4	14	,	,	PUNCT
fbem-16429	4	15	making	make	VERB
fbem-16429	4	16	it	it	PRON
fbem-16429	4	17	increasingly	increasingly	ADV
fbem-16429	4	18	difficult	difficult	ADJ
fbem-16429	4	19	to	to	PART
fbem-16429	4	20	find	find	VERB
fbem-16429	4	21	excess	excess	ADJ
fbem-16429	4	22	returns	return	NOUN
fbem-16429	4	23	through	through	ADP
fbem-16429	4	24	pricing	pricing	NOUN
fbem-16429	4	25	models	model	NOUN
fbem-16429	4	26	.	.	PUNCT
fbem-16429	5	1	as	as	SCONJ
fbem-16429	5	2	trading	trading	NOUN
fbem-16429	5	3	volume	volume	NOUN
fbem-16429	5	4	is	be	AUX
fbem-16429	5	5	the	the	DET
fbem-16429	5	6	most	most	ADV
fbem-16429	5	7	fundamental	fundamental	ADJ
fbem-16429	5	8	indicator	indicator	NOUN
fbem-16429	5	9	in	in	ADP
fbem-16429	5	10	the	the	DET
fbem-16429	5	11	market	market	NOUN
fbem-16429	5	12	,	,	PUNCT
fbem-16429	5	13	containing	contain	VERB
fbem-16429	5	14	many	many	ADJ
fbem-16429	5	15	effective	effective	ADJ
fbem-16429	5	16	market	market	NOUN
fbem-16429	5	17	insights	insight	NOUN
fbem-16429	5	18	and	and	CCONJ
fbem-16429	5	19	capturing	capture	VERB
fbem-16429	5	20	investor	investor	NOUN
fbem-16429	5	21	disagreements	disagreement	NOUN
fbem-16429	5	22	,	,	PUNCT
fbem-16429	5	23	it	it	PRON
fbem-16429	5	24	is	be	AUX
fbem-16429	5	25	necessary	necessary	ADJ
fbem-16429	5	26	to	to	PART
fbem-16429	5	27	delve	delve	VERB
fbem-16429	5	28	into	into	ADP
fbem-16429	5	29	the	the	DET
fbem-16429	5	30	role	role	NOUN
fbem-16429	5	31	of	of	ADP
fbem-16429	5	32	trading	trading	NOUN
fbem-16429	5	33	volume	volume	NOUN
fbem-16429	5	34	in	in	ADP
fbem-16429	5	35	the	the	DET
fbem-16429	5	36	impact	impact	NOUN
fbem-16429	5	37	of	of	ADP
fbem-16429	5	38	mispricing	misprice	VERB
fbem-16429	5	39	on	on	ADP
fbem-16429	5	40	expected	expect	VERB
fbem-16429	5	41	returns	return	NOUN
fbem-16429	5	42	.	.	PUNCT
fbem-16429	6	1	this	this	DET
fbem-16429	6	2	research	research	NOUN
fbem-16429	6	3	selects	select	VERB
fbem-16429	6	4	all	all	DET
fbem-16429	6	5	a	a	DET
fbem-16429	6	6	-	-	PUNCT
fbem-16429	6	7	share	share	NOUN
fbem-16429	6	8	stocks	stock	NOUN
fbem-16429	6	9	from	from	ADP
fbem-16429	6	10	2000	2000	NUM
fbem-16429	6	11	to	to	ADP
fbem-16429	6	12	2022	2022	NUM
fbem-16429	6	13	,	,	PUNCT
fbem-16429	6	14	excluding	exclude	VERB
fbem-16429	6	15	the	the	DET
fbem-16429	6	16	sci	sci	PROPN
fbem-16429	6	17	-	-	PUNCT
fbem-16429	6	18	tech	tech	NOUN
fbem-16429	6	19	innovation	innovation	NOUN
fbem-16429	6	20	board	board	NOUN
fbem-16429	6	21	,	,	PUNCT
fbem-16429	6	22	measuring	measure	VERB
fbem-16429	6	23	mispricing	misprice	VERB
fbem-16429	6	24	through	through	ADP
fbem-16429	6	25	the	the	DET
fbem-16429	6	26	anomaly	anomaly	NOUN
fbem-16429	6	27	in	in	ADP
fbem-16429	6	28	pricing	pricing	NOUN
fbem-16429	6	29	models	model	NOUN
fbem-16429	6	30	.	.	PUNCT
fbem-16429	7	1	then	then	ADV
fbem-16429	7	2	,	,	PUNCT
fbem-16429	7	3	by	by	ADP
fbem-16429	7	4	independently	independently	ADV
fbem-16429	7	5	double	double	ADJ
fbem-16429	7	6	-	-	PUNCT
fbem-16429	7	7	sorting	sort	VERB
fbem-16429	7	8	mispricing	misprice	VERB
fbem-16429	7	9	and	and	CCONJ
fbem-16429	7	10	trading	trading	NOUN
fbem-16429	7	11	volume	volume	NOUN
fbem-16429	7	12	into	into	ADP
fbem-16429	7	13	5x5	5x5	NUM
fbem-16429	7	14	portfolios	portfolio	NOUN
fbem-16429	7	15	,	,	PUNCT
fbem-16429	7	16	constructing	construct	VERB
fbem-16429	7	17	market	market	NOUN
fbem-16429	7	18	-	-	PUNCT
fbem-16429	7	19	weighted	weight	VERB
fbem-16429	7	20	investment	investment	NOUN
fbem-16429	7	21	portfolios	portfolio	NOUN
fbem-16429	7	22	,	,	PUNCT
fbem-16429	7	23	and	and	CCONJ
fbem-16429	7	24	holding	hold	VERB
fbem-16429	7	25	for	for	ADP
fbem-16429	7	26	one	one	NUM
fbem-16429	7	27	month	month	NOUN
fbem-16429	7	28	,	,	PUNCT
fbem-16429	7	29	we	we	PRON
fbem-16429	7	30	observe	observe	VERB
fbem-16429	7	31	the	the	DET
fbem-16429	7	32	predictive	predictive	ADJ
fbem-16429	7	33	ability	ability	NOUN
fbem-16429	7	34	of	of	ADP
fbem-16429	7	35	mispricing	misprice	VERB
fbem-16429	7	36	for	for	ADP
fbem-16429	7	37	future	future	ADJ
fbem-16429	7	38	returns	return	NOUN
fbem-16429	7	39	at	at	ADP
fbem-16429	7	40	different	different	ADJ
fbem-16429	7	41	levels	level	NOUN
fbem-16429	7	42	of	of	ADP
fbem-16429	7	43	trading	trading	NOUN
fbem-16429	7	44	volume	volume	NOUN
fbem-16429	7	45	.	.	PUNCT
fbem-16429	8	1	the	the	DET
fbem-16429	8	2	results	result	NOUN
fbem-16429	8	3	reveal	reveal	VERB
fbem-16429	8	4	that	that	SCONJ
fbem-16429	8	5	in	in	ADP
fbem-16429	8	6	stocks	stock	NOUN
fbem-16429	8	7	with	with	ADP
fbem-16429	8	8	high	high	ADJ
fbem-16429	8	9	trading	trading	NOUN
fbem-16429	8	10	volume	volume	NOUN
fbem-16429	8	11	,	,	PUNCT
fbem-16429	8	12	the	the	DET
fbem-16429	8	13	predictive	predictive	ADJ
fbem-16429	8	14	ability	ability	NOUN
fbem-16429	8	15	of	of	ADP
fbem-16429	8	16	mispricing	misprice	VERB
fbem-16429	8	17	is	be	AUX
fbem-16429	8	18	stronger	strong	ADJ
fbem-16429	8	19	.	.	PUNCT
fbem-16429	9	1	specifically	specifically	ADV
fbem-16429	9	2	,	,	PUNCT
fbem-16429	9	3	in	in	ADP
fbem-16429	9	4	stocks	stock	NOUN
fbem-16429	9	5	with	with	ADP
fbem-16429	9	6	high	high	ADJ
fbem-16429	9	7	trading	trading	NOUN
fbem-16429	9	8	volume	volume	NOUN
fbem-16429	9	9	,	,	PUNCT
fbem-16429	9	10	the	the	DET
fbem-16429	9	11	difference	difference	NOUN
fbem-16429	9	12	in	in	ADP
fbem-16429	9	13	future	future	ADJ
fbem-16429	9	14	returns	return	NOUN
fbem-16429	9	15	between	between	ADP
fbem-16429	9	16	the	the	DET
fbem-16429	9	17	undervalued	undervalue	VERB
fbem-16429	9	18	stock	stock	NOUN
fbem-16429	9	19	portfolio	portfolio	NOUN
fbem-16429	9	20	and	and	CCONJ
fbem-16429	9	21	the	the	DET
fbem-16429	9	22	overvalued	overvalue	VERB
fbem-16429	9	23	stock	stock	NOUN
fbem-16429	9	24	portfolio	portfolio	NOUN
fbem-16429	9	25	is	be	AUX
fbem-16429	9	26	greater	great	ADJ
fbem-16429	9	27	than	than	ADP
fbem-16429	9	28	the	the	DET
fbem-16429	9	29	difference	difference	NOUN
fbem-16429	9	30	in	in	ADP
fbem-16429	9	31	returns	return	NOUN
fbem-16429	9	32	in	in	ADP
fbem-16429	9	33	low	low	ADJ
fbem-16429	9	34	trading	trading	NOUN
fbem-16429	9	35	volume	volume	NOUN
fbem-16429	9	36	stocks	stock	NOUN
fbem-16429	9	37	.	.	PUNCT
fbem-16429	10	1	in	in	ADP
fbem-16429	10	2	other	other	ADJ
fbem-16429	10	3	words	word	NOUN
fbem-16429	10	4	,	,	PUNCT
fbem-16429	10	5	trading	trading	NOUN
fbem-16429	10	6	volume	volume	NOUN
fbem-16429	10	7	plays	play	VERB
fbem-16429	10	8	a	a	DET
fbem-16429	10	9	moderating	moderate	VERB
fbem-16429	10	10	role	role	NOUN
fbem-16429	10	11	in	in	ADP
fbem-16429	10	12	the	the	DET
fbem-16429	10	13	impact	impact	NOUN
fbem-16429	10	14	of	of	ADP
fbem-16429	10	15	mispricing	misprice	VERB
fbem-16429	10	16	on	on	ADP
fbem-16429	10	17	expected	expected	ADJ
fbem-16429	10	18	returns	return	NOUN
fbem-16429	10	19	,	,	PUNCT
fbem-16429	10	20	enhancing	enhance	VERB
fbem-16429	10	21	the	the	DET
fbem-16429	10	22	predictive	predictive	ADJ
fbem-16429	10	23	ability	ability	NOUN
fbem-16429	10	24	of	of	ADP
fbem-16429	10	25	mispricing	misprice	VERB
fbem-16429	10	26	on	on	ADP
fbem-16429	10	27	returns	return	NOUN
fbem-16429	10	28	.	.	PUNCT
fbem-16429	11	1	keywords	keyword	NOUN
fbem-16429	11	2	:	:	PUNCT
fbem-16429	11	3	behavioral	behavioral	ADJ
fbem-16429	11	4	finance	finance	NOUN
fbem-16429	11	5	,	,	PUNCT
fbem-16429	11	6	efficient	efficient	ADJ
fbem-16429	11	7	market	market	NOUN
fbem-16429	11	8	hypothesis	hypothesis	NOUN
fbem-16429	11	9	,	,	PUNCT
fbem-16429	11	10	investor	investor	NOUN
fbem-16429	11	11	rationality	rationality	NOUN
fbem-16429	11	12	,	,	PUNCT
fbem-16429	11	13	information	information	NOUN
fbem-16429	11	14	transparency	transparency	NOUN
fbem-16429	11	15	,	,	PUNCT
fbem-16429	11	16	market	market	NOUN
fbem-16429	11	17	efficiency	efficiency	NOUN
fbem-16429	11	18	,	,	PUNCT
fbem-16429	11	19	stock	stock	NOUN
fbem-16429	11	20	prices	price	NOUN
fbem-16429	11	21	.	.	PUNCT
fbem-16429	12	1	1	1	X
fbem-16429	12	2	.	.	X
fbem-16429	12	3	introduction	introduction	NOUN
fbem-16429	12	4	with	with	ADP
fbem-16429	12	5	the	the	DET
fbem-16429	12	6	continuous	continuous	ADJ
fbem-16429	12	7	development	development	NOUN
fbem-16429	12	8	of	of	ADP
fbem-16429	12	9	the	the	DET
fbem-16429	12	10	chinese	chinese	ADJ
fbem-16429	12	11	stock	stock	NOUN
fbem-16429	12	12	market	market	NOUN
fbem-16429	12	13	,	,	PUNCT
fbem-16429	12	14	the	the	DET
fbem-16429	12	15	position	position	NOUN
fbem-16429	12	16	of	of	ADP
fbem-16429	12	17	the	the	DET
fbem-16429	12	18	stock	stock	NOUN
fbem-16429	12	19	market	market	NOUN
fbem-16429	12	20	in	in	ADP
fbem-16429	12	21	the	the	DET
fbem-16429	12	22	national	national	ADJ
fbem-16429	12	23	economy	economy	NOUN
fbem-16429	12	24	has	have	AUX
fbem-16429	12	25	gradually	gradually	ADV
fbem-16429	12	26	become	become	VERB
fbem-16429	12	27	significant	significant	ADJ
fbem-16429	12	28	.	.	PUNCT
fbem-16429	13	1	by	by	ADP
fbem-16429	13	2	the	the	DET
fbem-16429	13	3	end	end	NOUN
fbem-16429	13	4	of	of	ADP
fbem-16429	13	5	2022	2022	NUM
fbem-16429	13	6	,	,	PUNCT
fbem-16429	13	7	the	the	DET
fbem-16429	13	8	a	a	DET
fbem-16429	13	9	-	-	PUNCT
fbem-16429	13	10	share	share	NOUN
fbem-16429	13	11	market	market	NOUN
fbem-16429	13	12	has	have	AUX
fbem-16429	13	13	reached	reach	VERB
fbem-16429	13	14	a	a	DET
fbem-16429	13	15	scale	scale	NOUN
fbem-16429	13	16	of	of	ADP
fbem-16429	13	17	78	78	NUM
fbem-16429	13	18	trillion	trillion	NUM
fbem-16429	13	19	yuan	yuan	NOUN
fbem-16429	13	20	.	.	PUNCT
fbem-16429	14	1	with	with	ADP
fbem-16429	14	2	the	the	DET
fbem-16429	14	3	continuous	continuous	ADJ
fbem-16429	14	4	accumulation	accumulation	NOUN
fbem-16429	14	5	of	of	ADP
fbem-16429	14	6	residents	resident	NOUN
fbem-16429	14	7	'	'	PART
fbem-16429	14	8	wealth	wealth	NOUN
fbem-16429	14	9	and	and	CCONJ
fbem-16429	14	10	the	the	DET
fbem-16429	14	11	growing	grow	VERB
fbem-16429	14	12	demand	demand	NOUN
fbem-16429	14	13	for	for	ADP
fbem-16429	14	14	asset	asset	NOUN
fbem-16429	14	15	management	management	NOUN
fbem-16429	14	16	,	,	PUNCT
fbem-16429	14	17	the	the	DET
fbem-16429	14	18	stock	stock	NOUN
fbem-16429	14	19	market	market	NOUN
fbem-16429	14	20	has	have	AUX
fbem-16429	14	21	also	also	ADV
fbem-16429	14	22	undertaken	undertake	VERB
fbem-16429	14	23	the	the	DET
fbem-16429	14	24	task	task	NOUN
fbem-16429	14	25	of	of	ADP
fbem-16429	14	26	preserving	preserve	VERB
fbem-16429	14	27	and	and	CCONJ
fbem-16429	14	28	appreciating	appreciate	VERB
fbem-16429	14	29	residents	resident	NOUN
fbem-16429	14	30	'	'	PART
fbem-16429	14	31	wealth	wealth	NOUN
fbem-16429	14	32	.	.	PUNCT
fbem-16429	15	1	the	the	DET
fbem-16429	15	2	pursuit	pursuit	NOUN
fbem-16429	15	3	of	of	ADP
fbem-16429	15	4	higher	high	ADJ
fbem-16429	15	5	returns	return	NOUN
fbem-16429	15	6	by	by	ADP
fbem-16429	15	7	investors	investor	NOUN
fbem-16429	15	8	has	have	AUX
fbem-16429	15	9	become	become	VERB
fbem-16429	15	10	a	a	DET
fbem-16429	15	11	significant	significant	ADJ
fbem-16429	15	12	trend	trend	NOUN
fbem-16429	15	13	in	in	ADP
fbem-16429	15	14	the	the	DET
fbem-16429	15	15	market	market	NOUN
fbem-16429	15	16	,	,	PUNCT
fbem-16429	15	17	and	and	CCONJ
fbem-16429	15	18	factor	factor	NOUN
fbem-16429	15	19	pricing	pricing	NOUN
fbem-16429	15	20	models	model	NOUN
fbem-16429	15	21	have	have	AUX
fbem-16429	15	22	gradually	gradually	ADV
fbem-16429	15	23	developed	develop	VERB
fbem-16429	15	24	into	into	ADP
fbem-16429	15	25	important	important	ADJ
fbem-16429	15	26	tools	tool	NOUN
fbem-16429	15	27	in	in	ADP
fbem-16429	15	28	the	the	DET
fbem-16429	15	29	field	field	NOUN
fbem-16429	15	30	of	of	ADP
fbem-16429	15	31	investment	investment	NOUN
fbem-16429	15	32	research	research	NOUN
fbem-16429	15	33	.	.	PUNCT
fbem-16429	16	1	from	from	ADP
fbem-16429	16	2	the	the	DET
fbem-16429	16	3	classical	classical	ADJ
fbem-16429	16	4	capital	capital	NOUN
fbem-16429	16	5	asset	asset	NOUN
fbem-16429	16	6	pricing	pricing	NOUN
fbem-16429	16	7	model	model	NOUN
fbem-16429	16	8	(	(	PUNCT
fbem-16429	16	9	capm	capm	PROPN
fbem-16429	16	10	)	)	PUNCT
fbem-16429	16	11	to	to	ADP
fbem-16429	16	12	the	the	DET
fbem-16429	16	13	three	three	NUM
fbem-16429	16	14	-	-	PUNCT
fbem-16429	16	15	factor	factor	NOUN
fbem-16429	16	16	model	model	NOUN
fbem-16429	16	17	proposed	propose	VERB
fbem-16429	16	18	by	by	ADP
fbem-16429	16	19	jianan	jianan	NOUN
fbem-16429	16	20	(	(	PUNCT
fbem-16429	16	21	2019	2019	NUM
fbem-16429	16	22	)	)	PUNCT
fbem-16429	16	23	for	for	ADP
fbem-16429	16	24	the	the	DET
fbem-16429	16	25	a	a	DET
fbem-16429	16	26	-	-	PUNCT
fbem-16429	16	27	share	share	NOUN
fbem-16429	16	28	market	market	NOUN
fbem-16429	16	29	in	in	ADP
fbem-16429	16	30	recent	recent	ADJ
fbem-16429	16	31	years	year	NOUN
fbem-16429	16	32	,	,	PUNCT
fbem-16429	16	33	factor	factor	NOUN
fbem-16429	16	34	pricing	pricing	NOUN
fbem-16429	16	35	models	model	NOUN
fbem-16429	16	36	have	have	AUX
fbem-16429	16	37	made	make	VERB
fbem-16429	16	38	significant	significant	ADJ
fbem-16429	16	39	progress	progress	NOUN
fbem-16429	16	40	.	.	PUNCT
fbem-16429	17	1	investors	investor	NOUN
fbem-16429	17	2	and	and	CCONJ
fbem-16429	17	3	researchers	researcher	NOUN
fbem-16429	17	4	expect	expect	VERB
fbem-16429	17	5	to	to	PART
fbem-16429	17	6	use	use	VERB
fbem-16429	17	7	these	these	DET
fbem-16429	17	8	factor	factor	NOUN
fbem-16429	17	9	pricing	pricing	NOUN
fbem-16429	17	10	models	model	NOUN
fbem-16429	17	11	to	to	PART
fbem-16429	17	12	delve	delve	VERB
fbem-16429	17	13	into	into	ADP
fbem-16429	17	14	the	the	DET
fbem-16429	17	15	pricing	pricing	NOUN
fbem-16429	17	16	mechanism	mechanism	NOUN
fbem-16429	17	17	of	of	ADP
fbem-16429	17	18	stocks	stock	NOUN
fbem-16429	17	19	in	in	ADP
fbem-16429	17	20	the	the	DET
fbem-16429	17	21	market	market	NOUN
fbem-16429	17	22	,	,	PUNCT
fbem-16429	17	23	finding	find	VERB
fbem-16429	17	24	stocks	stock	NOUN
fbem-16429	17	25	that	that	PRON
fbem-16429	17	26	are	be	AUX
fbem-16429	17	27	mispriced	misprice	VERB
fbem-16429	17	28	to	to	PART
fbem-16429	17	29	gain	gain	VERB
fbem-16429	17	30	excess	excess	ADJ
fbem-16429	17	31	returns	return	NOUN
fbem-16429	17	32	.	.	PUNCT
fbem-16429	18	1	however	however	ADV
fbem-16429	18	2	,	,	PUNCT
fbem-16429	18	3	despite	despite	SCONJ
fbem-16429	18	4	the	the	DET
fbem-16429	18	5	application	application	NOUN
fbem-16429	18	6	of	of	ADP
fbem-16429	18	7	pricing	pricing	NOUN
fbem-16429	18	8	models	model	NOUN
fbem-16429	18	9	providing	provide	VERB
fbem-16429	18	10	sophisticated	sophisticated	ADJ
fbem-16429	18	11	tools	tool	NOUN
fbem-16429	18	12	for	for	ADP
fbem-16429	18	13	investors	investor	NOUN
fbem-16429	18	14	,	,	PUNCT
fbem-16429	18	15	with	with	ADP
fbem-16429	18	16	the	the	DET
fbem-16429	18	17	continuous	continuous	ADJ
fbem-16429	18	18	progress	progress	NOUN
fbem-16429	18	19	of	of	ADP
fbem-16429	18	20	technology	technology	NOUN
fbem-16429	18	21	,	,	PUNCT
fbem-16429	18	22	new	new	ADJ
fbem-16429	18	23	model	model	NOUN
fbem-16429	18	24	tools	tool	NOUN
fbem-16429	18	25	,	,	PUNCT
fbem-16429	18	26	and	and	CCONJ
fbem-16429	18	27	quantitative	quantitative	ADJ
fbem-16429	18	28	investment	investment	NOUN
fbem-16429	18	29	methods	method	NOUN
fbem-16429	18	30	emerging	emerge	VERB
fbem-16429	18	31	,	,	PUNCT
fbem-16429	18	32	the	the	DET
fbem-16429	18	33	complexity	complexity	NOUN
fbem-16429	18	34	of	of	ADP
fbem-16429	18	35	the	the	DET
fbem-16429	18	36	market	market	NOUN
fbem-16429	18	37	is	be	AUX
fbem-16429	18	38	increasing	increase	VERB
fbem-16429	18	39	.	.	PUNCT
fbem-16429	19	1	this	this	PRON
fbem-16429	19	2	makes	make	VERB
fbem-16429	19	3	it	it	PRON
fbem-16429	19	4	increasingly	increasingly	ADV
fbem-16429	19	5	difficult	difficult	ADJ
fbem-16429	19	6	to	to	PART
fbem-16429	19	7	find	find	VERB
fbem-16429	19	8	excess	excess	ADJ
fbem-16429	19	9	returns	return	NOUN
fbem-16429	19	10	through	through	ADP
fbem-16429	19	11	pricing	pricing	NOUN
fbem-16429	19	12	models	model	NOUN
fbem-16429	19	13	.	.	PUNCT
fbem-16429	20	1	jacobs	jacobs	PROPN
fbem-16429	20	2	et	et	PROPN
fbem-16429	20	3	al	al	PROPN
fbem-16429	20	4	.	.	PROPN
fbem-16429	20	5	(	(	PUNCT
fbem-16429	20	6	2020	2020	NUM
fbem-16429	20	7	)	)	PUNCT
fbem-16429	20	8	found	find	VERB
fbem-16429	20	9	that	that	SCONJ
fbem-16429	20	10	when	when	SCONJ
fbem-16429	20	11	new	new	ADJ
fbem-16429	20	12	pricing	pricing	NOUN
fbem-16429	20	13	models	model	NOUN
fbem-16429	20	14	are	be	AUX
fbem-16429	20	15	announced	announce	VERB
fbem-16429	20	16	to	to	PART
fbem-16429	20	17	gain	gain	VERB
fbem-16429	20	18	excess	excess	ADJ
fbem-16429	20	19	returns	return	NOUN
fbem-16429	20	20	,	,	PUNCT
fbem-16429	20	21	the	the	DET
fbem-16429	20	22	excess	excess	ADJ
fbem-16429	20	23	return	return	NOUN
fbem-16429	20	24	rate	rate	NOUN
fbem-16429	20	25	will	will	AUX
fbem-16429	20	26	show	show	VERB
fbem-16429	20	27	a	a	DET
fbem-16429	20	28	decline	decline	NOUN
fbem-16429	20	29	in	in	ADP
fbem-16429	20	30	economic	economic	ADJ
fbem-16429	20	31	significance	significance	NOUN
fbem-16429	20	32	.	.	PUNCT
fbem-16429	21	1	in	in	ADP
fbem-16429	21	2	addition	addition	NOUN
fbem-16429	21	3	to	to	ADP
fbem-16429	21	4	relying	rely	VERB
fbem-16429	21	5	on	on	ADP
fbem-16429	21	6	traditional	traditional	ADJ
fbem-16429	21	7	pricing	pricing	NOUN
fbem-16429	21	8	models	model	NOUN
fbem-16429	21	9	to	to	PART
fbem-16429	21	10	find	find	VERB
fbem-16429	21	11	excess	excess	ADJ
fbem-16429	21	12	returns	return	NOUN
fbem-16429	21	13	,	,	PUNCT
fbem-16429	21	14	researchers	researcher	NOUN
fbem-16429	21	15	are	be	AUX
fbem-16429	21	16	actively	actively	ADV
fbem-16429	21	17	exploring	explore	VERB
fbem-16429	21	18	behavioral	behavioral	ADJ
fbem-16429	21	19	finance	finance	NOUN
fbem-16429	21	20	to	to	PART
fbem-16429	21	21	find	find	VERB
fbem-16429	21	22	new	new	ADJ
fbem-16429	21	23	research	research	NOUN
fbem-16429	21	24	methods	method	NOUN
fbem-16429	21	25	and	and	CCONJ
fbem-16429	21	26	gain	gain	VERB
fbem-16429	21	27	a	a	DET
fbem-16429	21	28	deeper	deep	ADJ
fbem-16429	21	29	understanding	understanding	NOUN
fbem-16429	21	30	of	of	ADP
fbem-16429	21	31	the	the	DET
fbem-16429	21	32	irrational	irrational	ADJ
fbem-16429	21	33	behavior	behavior	NOUN
fbem-16429	21	34	and	and	CCONJ
fbem-16429	21	35	psychological	psychological	ADJ
fbem-16429	21	36	biases	bias	NOUN
fbem-16429	21	37	of	of	ADP
fbem-16429	21	38	market	market	NOUN
fbem-16429	21	39	participants	participant	NOUN
fbem-16429	21	40	.	.	PUNCT
fbem-16429	22	1	behavioral	behavioral	ADJ
fbem-16429	22	2	finance	finance	NOUN
fbem-16429	22	3	emphasizes	emphasize	VERB
fbem-16429	22	4	the	the	DET
fbem-16429	22	5	impact	impact	NOUN
fbem-16429	22	6	of	of	ADP
fbem-16429	22	7	investors	investor	NOUN
fbem-16429	22	8	'	'	PART
fbem-16429	22	9	emotions	emotion	NOUN
fbem-16429	22	10	and	and	CCONJ
fbem-16429	22	11	sentiments	sentiment	NOUN
fbem-16429	22	12	on	on	ADP
fbem-16429	22	13	market	market	NOUN
fbem-16429	22	14	trends	trend	NOUN
fbem-16429	22	15	.	.	PUNCT
fbem-16429	23	1	researchers	researcher	NOUN
fbem-16429	23	2	assess	assess	VERB
fbem-16429	23	3	investor	investor	NOUN
fbem-16429	23	4	sentiment	sentiment	NOUN
fbem-16429	23	5	by	by	ADP
fbem-16429	23	6	analyzing	analyze	VERB
fbem-16429	23	7	market	market	NOUN
fbem-16429	23	8	anomalies	anomaly	NOUN
fbem-16429	23	9	,	,	PUNCT
fbem-16429	23	10	major	major	ADJ
fbem-16429	23	11	news	news	NOUN
fbem-16429	23	12	,	,	PUNCT
fbem-16429	23	13	corporate	corporate	ADJ
fbem-16429	23	14	events	event	NOUN
fbem-16429	23	15	,	,	PUNCT
fbem-16429	23	16	and	and	CCONJ
fbem-16429	23	17	macroeconomic	macroeconomic	ADJ
fbem-16429	23	18	changes	change	NOUN
fbem-16429	23	19	.	.	PUNCT
fbem-16429	24	1	chiang	chiang	PROPN
fbem-16429	24	2	et	et	PROPN
fbem-16429	24	3	al	al	PROPN
fbem-16429	24	4	.	.	PROPN
fbem-16429	24	5	's	's	PART
fbem-16429	24	6	(	(	PUNCT
fbem-16429	24	7	2010	2010	NUM
fbem-16429	24	8	)	)	PUNCT
fbem-16429	24	9	study	study	NOUN
fbem-16429	24	10	points	point	VERB
fbem-16429	24	11	out	out	ADP
fbem-16429	24	12	that	that	SCONJ
fbem-16429	24	13	due	due	ADP
fbem-16429	24	14	to	to	ADP
fbem-16429	24	15	information	information	NOUN
fbem-16429	24	16	asymmetry	asymmetry	NOUN
fbem-16429	24	17	and	and	CCONJ
fbem-16429	24	18	frequent	frequent	ADJ
fbem-16429	24	19	policy	policy	NOUN
fbem-16429	24	20	interventions	intervention	NOUN
fbem-16429	24	21	in	in	ADP
fbem-16429	24	22	the	the	DET
fbem-16429	24	23	chinese	chinese	ADJ
fbem-16429	24	24	stock	stock	NOUN
fbem-16429	24	25	market	market	NOUN
fbem-16429	24	26	,	,	PUNCT
fbem-16429	24	27	significant	significant	ADJ
fbem-16429	24	28	herding	herding	NOUN
fbem-16429	24	29	effects	effect	NOUN
fbem-16429	24	30	exist	exist	VERB
fbem-16429	24	31	,	,	PUNCT
fbem-16429	24	32	meaning	mean	VERB
fbem-16429	24	33	investors	investor	NOUN
fbem-16429	24	34	follow	follow	VERB
fbem-16429	24	35	the	the	DET
fbem-16429	24	36	decisions	decision	NOUN
fbem-16429	24	37	of	of	ADP
fbem-16429	24	38	others	other	NOUN
fbem-16429	24	39	.	.	PUNCT
fbem-16429	25	1	herding	herd	VERB
fbem-16429	25	2	effects	effect	NOUN
fbem-16429	25	3	can	can	AUX
fbem-16429	25	4	lead	lead	VERB
fbem-16429	25	5	to	to	ADP
fbem-16429	25	6	excessive	excessive	ADJ
fbem-16429	25	7	investor	investor	NOUN
fbem-16429	25	8	behavior	behavior	NOUN
fbem-16429	25	9	in	in	ADP
fbem-16429	25	10	the	the	DET
fbem-16429	25	11	market	market	NOUN
fbem-16429	25	12	,	,	PUNCT
fbem-16429	25	13	causing	cause	VERB
fbem-16429	25	14	stocks	stock	NOUN
fbem-16429	25	15	or	or	CCONJ
fbem-16429	25	16	asset	asset	NOUN
fbem-16429	25	17	prices	price	NOUN
fbem-16429	25	18	to	to	PART
fbem-16429	25	19	deviate	deviate	VERB
fbem-16429	25	20	from	from	ADP
fbem-16429	25	21	their	their	PRON
fbem-16429	25	22	true	true	ADJ
fbem-16429	25	23	values	value	NOUN
fbem-16429	25	24	,	,	PUNCT
fbem-16429	25	25	forming	form	VERB
fbem-16429	25	26	market	market	NOUN
fbem-16429	25	27	bubbles	bubble	NOUN
fbem-16429	25	28	or	or	CCONJ
fbem-16429	25	29	excessive	excessive	ADJ
fbem-16429	25	30	short	short	ADJ
fbem-16429	25	31	selling	selling	NOUN
fbem-16429	25	32	,	,	PUNCT
fbem-16429	25	33	increasing	increase	VERB
fbem-16429	25	34	market	market	NOUN
fbem-16429	25	35	instability	instability	NOUN
fbem-16429	25	36	.	.	PUNCT
fbem-16429	26	1	as	as	SCONJ
fbem-16429	26	2	trading	trading	NOUN
fbem-16429	26	3	volume	volume	NOUN
fbem-16429	26	4	is	be	AUX
fbem-16429	26	5	the	the	DET
fbem-16429	26	6	most	most	ADV
fbem-16429	26	7	fundamental	fundamental	ADJ
fbem-16429	26	8	indicator	indicator	NOUN
fbem-16429	26	9	in	in	ADP
fbem-16429	26	10	the	the	DET
fbem-16429	26	11	market	market	NOUN
fbem-16429	26	12	,	,	PUNCT
fbem-16429	26	13	containing	contain	VERB
fbem-16429	26	14	many	many	ADJ
fbem-16429	26	15	effective	effective	ADJ
fbem-16429	26	16	market	market	NOUN
fbem-16429	26	17	insights	insight	NOUN
fbem-16429	26	18	,	,	PUNCT
fbem-16429	26	19	and	and	CCONJ
fbem-16429	26	20	capturing	capture	VERB
fbem-16429	26	21	investor	investor	NOUN
fbem-16429	26	22	disagreements	disagreement	NOUN
fbem-16429	26	23	,	,	PUNCT
fbem-16429	26	24	it	it	PRON
fbem-16429	26	25	is	be	AUX
fbem-16429	26	26	necessary	necessary	ADJ
fbem-16429	26	27	to	to	PART
fbem-16429	26	28	delve	delve	VERB
fbem-16429	26	29	into	into	ADP
fbem-16429	26	30	the	the	DET
fbem-16429	26	31	role	role	NOUN
fbem-16429	26	32	of	of	ADP
fbem-16429	26	33	trading	trading	NOUN
fbem-16429	26	34	volume	volume	NOUN
fbem-16429	26	35	in	in	ADP
fbem-16429	26	36	the	the	DET
fbem-16429	26	37	impact	impact	NOUN
fbem-16429	26	38	of	of	ADP
fbem-16429	26	39	mispricing	misprice	VERB
fbem-16429	26	40	on	on	ADP
fbem-16429	26	41	expected	expect	VERB
fbem-16429	26	42	returns	return	NOUN
fbem-16429	26	43	.	.	PUNCT
fbem-16429	27	1	generally	generally	ADV
fbem-16429	27	2	speaking	speak	VERB
fbem-16429	27	3	,	,	PUNCT
fbem-16429	27	4	trading	trading	NOUN
fbem-16429	27	5	volume	volume	NOUN
fbem-16429	27	6	can	can	AUX
fbem-16429	27	7	measure	measure	VERB
fbem-16429	27	8	stock	stock	NOUN
fbem-16429	27	9	market	market	NOUN
fbem-16429	27	10	volatility	volatility	NOUN
fbem-16429	27	11	,	,	PUNCT
fbem-16429	27	12	and	and	CCONJ
fbem-16429	27	13	volatility	volatility	NOUN
fbem-16429	27	14	is	be	AUX
fbem-16429	27	15	the	the	DET
fbem-16429	27	16	main	main	ADJ
fbem-16429	27	17	source	source	NOUN
fbem-16429	27	18	of	of	ADP
fbem-16429	27	19	risk	risk	NOUN
fbem-16429	27	20	in	in	ADP
fbem-16429	27	21	the	the	DET
fbem-16429	27	22	stock	stock	NOUN
fbem-16429	27	23	market	market	NOUN
fbem-16429	27	24	,	,	PUNCT
fbem-16429	27	25	and	and	CCONJ
fbem-16429	27	26	risk	risk	NOUN
fbem-16429	27	27	can	can	AUX
fbem-16429	27	28	affect	affect	VERB
fbem-16429	27	29	the	the	DET
fbem-16429	27	30	asset	asset	NOUN
fbem-16429	27	31	value	value	NOUN
fbem-16429	27	32	of	of	ADP
fbem-16429	27	33	investors	investor	NOUN
fbem-16429	27	34	.	.	PUNCT
fbem-16429	28	1	in	in	ADP
fbem-16429	28	2	addition	addition	NOUN
fbem-16429	28	3	,	,	PUNCT
fbem-16429	28	4	according	accord	VERB
fbem-16429	28	5	to	to	ADP
fbem-16429	28	6	yufeng	yufeng	PROPN
fbem-16429	28	7	's	's	PART
fbem-16429	28	8	(	(	PUNCT
fbem-16429	28	9	2022	2022	NUM
fbem-16429	28	10	)	)	PUNCT
fbem-16429	28	11	research	research	NOUN
fbem-16429	28	12	,	,	PUNCT
fbem-16429	28	13	it	it	PRON
fbem-16429	28	14	is	be	AUX
fbem-16429	28	15	found	find	VERB
fbem-16429	28	16	that	that	SCONJ
fbem-16429	28	17	trading	trading	NOUN
fbem-16429	28	18	volume	volume	NOUN
fbem-16429	28	19	can	can	AUX
fbem-16429	28	20	capture	capture	VERB
fbem-16429	28	21	investor	investor	NOUN
fbem-16429	28	22	disagreements	disagreement	NOUN
fbem-16429	28	23	.	.	PUNCT
fbem-16429	29	1	investor	investor	NOUN
fbem-16429	29	2	disagreements	disagreement	NOUN
fbem-16429	29	3	represent	represent	VERB
fbem-16429	29	4	the	the	DET
fbem-16429	29	5	crosssectional	crosssectional	ADJ
fbem-16429	29	6	standard	standard	ADJ
fbem-16429	29	7	deviation	deviation	NOUN
fbem-16429	29	8	of	of	ADP
fbem-16429	29	9	expected	expect	VERB
fbem-16429	29	10	deviations	deviation	NOUN
fbem-16429	29	11	of	of	ADP
fbem-16429	29	12	investors	investor	NOUN
fbem-16429	29	13	(	(	PUNCT
fbem-16429	29	14	atmaz	atmaz	NOUN
fbem-16429	29	15	et	et	PROPN
fbem-16429	29	16	al	al	PROPN
fbem-16429	29	17	.	.	PROPN
fbem-16429	29	18	,	,	PUNCT
fbem-16429	29	19	2018	2018	NUM
fbem-16429	29	20	)	)	PUNCT
fbem-16429	29	21	.	.	PUNCT
fbem-16429	30	1	incorporating	incorporate	VERB
fbem-16429	30	2	the	the	DET
fbem-16429	30	3	influence	influence	NOUN
fbem-16429	30	4	of	of	ADP
fbem-16429	30	5	trading	trading	NOUN
fbem-16429	30	6	volume	volume	NOUN
fbem-16429	30	7	into	into	ADP
fbem-16429	30	8	pricing	pricing	NOUN
fbem-16429	30	9	models	model	NOUN
fbem-16429	30	10	can	can	AUX
fbem-16429	30	11	achieve	achieve	VERB
fbem-16429	30	12	higher	high	ADJ
fbem-16429	30	13	excess	excess	ADJ
fbem-16429	30	14	returns	return	NOUN
fbem-16429	30	15	than	than	ADP
fbem-16429	30	16	the	the	DET
fbem-16429	30	17	original	original	ADJ
fbem-16429	30	18	pricing	pricing	NOUN
fbem-16429	30	19	models	model	NOUN
fbem-16429	30	20	.	.	PUNCT
fbem-16429	31	1	therefore	therefore	ADV
fbem-16429	31	2	,	,	PUNCT
fbem-16429	31	3	this	this	DET
fbem-16429	31	4	paper	paper	NOUN
fbem-16429	31	5	aims	aim	VERB
fbem-16429	31	6	to	to	PART
fbem-16429	31	7	delve	delve	VERB
fbem-16429	31	8	into	into	ADP
fbem-16429	31	9	the	the	DET
fbem-16429	31	10	impact	impact	NOUN
fbem-16429	31	11	of	of	ADP
fbem-16429	31	12	trading	trading	NOUN
fbem-16429	31	13	volume	volume	NOUN
fbem-16429	31	14	and	and	CCONJ
fbem-16429	31	15	mispricing	misprice	VERB
fbem-16429	31	16	on	on	ADP
fbem-16429	31	17	the	the	DET
fbem-16429	31	18	expected	expect	VERB
fbem-16429	31	19	returns	return	NOUN
fbem-16429	31	20	of	of	ADP
fbem-16429	31	21	stocks	stock	NOUN
fbem-16429	31	22	.	.	PUNCT
fbem-16429	32	1	this	this	DET
fbem-16429	32	2	paper	paper	NOUN
fbem-16429	32	3	will	will	AUX
fbem-16429	32	4	analyze	analyze	VERB
fbem-16429	32	5	how	how	SCONJ
fbem-16429	32	6	these	these	DET
fbem-16429	32	7	variables	variable	NOUN
fbem-16429	32	8	function	function	VERB
fbem-16429	32	9	in	in	ADP
fbem-16429	32	10	the	the	DET
fbem-16429	32	11	chinese	chinese	ADJ
fbem-16429	32	12	a	a	DET
fbem-16429	32	13	-	-	PUNCT
fbem-16429	32	14	share	share	NOUN
fbem-16429	32	15	market	market	NOUN
fbem-16429	32	16	to	to	PART
fbem-16429	32	17	help	help	VERB
fbem-16429	32	18	investors	investor	NOUN
fbem-16429	32	19	better	well	ADV
fbem-16429	32	20	understand	understand	VERB
fbem-16429	32	21	the	the	DET
fbem-16429	32	22	market	market	NOUN
fbem-16429	32	23	and	and	CCONJ
fbem-16429	32	24	provide	provide	VERB
fbem-16429	32	25	practical	practical	ADJ
fbem-16429	32	26	information	information	NOUN
fbem-16429	32	27	to	to	PART
fbem-16429	32	28	guide	guide	VERB
fbem-16429	32	29	investment	investment	NOUN
fbem-16429	32	30	decisions	decision	NOUN
fbem-16429	32	31	.	.	PUNCT
fbem-16429	33	1	in	in	ADP
fbem-16429	33	2	the	the	DET
fbem-16429	33	3	context	context	NOUN
fbem-16429	33	4	of	of	ADP
fbem-16429	33	5	information	information	NOUN
fbem-16429	33	6	12	12	NUM
fbem-16429	33	7	asymmetry	asymmetry	NOUN
fbem-16429	33	8	in	in	ADP
fbem-16429	33	9	the	the	DET
fbem-16429	33	10	stock	stock	NOUN
fbem-16429	33	11	market	market	NOUN
fbem-16429	33	12	and	and	CCONJ
fbem-16429	33	13	investor	investor	NOUN
fbem-16429	33	14	limited	limited	ADJ
fbem-16429	33	15	rationality	rationality	NOUN
fbem-16429	33	16	,	,	PUNCT
fbem-16429	33	17	the	the	DET
fbem-16429	33	18	occurrence	occurrence	NOUN
fbem-16429	33	19	of	of	ADP
fbem-16429	33	20	mispricing	misprice	VERB
fbem-16429	33	21	issues	issue	NOUN
fbem-16429	33	22	is	be	AUX
fbem-16429	33	23	inevitable	inevitable	ADJ
fbem-16429	33	24	.	.	PUNCT
fbem-16429	34	1	as	as	ADP
fbem-16429	34	2	one	one	NUM
fbem-16429	34	3	of	of	ADP
fbem-16429	34	4	the	the	DET
fbem-16429	34	5	key	key	ADJ
fbem-16429	34	6	indicators	indicator	NOUN
fbem-16429	34	7	of	of	ADP
fbem-16429	34	8	market	market	NOUN
fbem-16429	34	9	activity	activity	NOUN
fbem-16429	34	10	,	,	PUNCT
fbem-16429	34	11	trading	trading	NOUN
fbem-16429	34	12	volume	volume	NOUN
fbem-16429	34	13	is	be	AUX
fbem-16429	34	14	worth	worth	ADJ
fbem-16429	34	15	studying	study	VERB
fbem-16429	34	16	for	for	ADP
fbem-16429	34	17	its	its	PRON
fbem-16429	34	18	impact	impact	NOUN
fbem-16429	34	19	on	on	ADP
fbem-16429	34	20	the	the	DET
fbem-16429	34	21	expected	expect	VERB
fbem-16429	34	22	returns	return	NOUN
fbem-16429	34	23	of	of	ADP
fbem-16429	34	24	mispricing	misprice	VERB
fbem-16429	34	25	.	.	PUNCT
fbem-16429	35	1	by	by	ADP
fbem-16429	35	2	delving	delve	VERB
fbem-16429	35	3	into	into	ADP
fbem-16429	35	4	the	the	DET
fbem-16429	35	5	impact	impact	NOUN
fbem-16429	35	6	of	of	ADP
fbem-16429	35	7	trading	trading	NOUN
fbem-16429	35	8	volume	volume	NOUN
fbem-16429	35	9	and	and	CCONJ
fbem-16429	35	10	mispricing	misprice	VERB
fbem-16429	35	11	on	on	ADP
fbem-16429	35	12	expected	expect	VERB
fbem-16429	35	13	returns	return	NOUN
fbem-16429	35	14	,	,	PUNCT
fbem-16429	35	15	this	this	DET
fbem-16429	35	16	paper	paper	NOUN
fbem-16429	35	17	is	be	AUX
fbem-16429	35	18	expected	expect	VERB
fbem-16429	35	19	to	to	PART
fbem-16429	35	20	provide	provide	VERB
fbem-16429	35	21	more	more	ADJ
fbem-16429	35	22	insights	insight	NOUN
fbem-16429	35	23	and	and	CCONJ
fbem-16429	35	24	recommendations	recommendation	NOUN
fbem-16429	35	25	for	for	ADP
fbem-16429	35	26	investors	investor	NOUN
fbem-16429	35	27	and	and	CCONJ
fbem-16429	35	28	regulators	regulator	NOUN
fbem-16429	35	29	in	in	ADP
fbem-16429	35	30	the	the	DET
fbem-16429	35	31	chinese	chinese	ADJ
fbem-16429	35	32	stock	stock	NOUN
fbem-16429	35	33	market	market	NOUN
fbem-16429	35	34	.	.	PUNCT
fbem-16429	36	1	2	2	X
fbem-16429	36	2	.	.	X
fbem-16429	36	3	literature	literature	NOUN
fbem-16429	36	4	review	review	VERB
fbem-16429	36	5	the	the	DET
fbem-16429	36	6	capital	capital	NOUN
fbem-16429	36	7	asset	asset	NOUN
fbem-16429	36	8	pricing	pricing	NOUN
fbem-16429	36	9	principle	principle	NOUN
fbem-16429	36	10	holds	hold	VERB
fbem-16429	36	11	that	that	SCONJ
fbem-16429	36	12	the	the	DET
fbem-16429	36	13	intrinsic	intrinsic	ADJ
fbem-16429	36	14	value	value	NOUN
fbem-16429	36	15	of	of	ADP
fbem-16429	36	16	a	a	DET
fbem-16429	36	17	stock	stock	NOUN
fbem-16429	36	18	is	be	AUX
fbem-16429	36	19	determined	determine	VERB
fbem-16429	36	20	by	by	ADP
fbem-16429	36	21	the	the	DET
fbem-16429	36	22	expected	expect	VERB
fbem-16429	36	23	future	future	ADJ
fbem-16429	36	24	discount	discount	NOUN
fbem-16429	36	25	rate	rate	NOUN
fbem-16429	36	26	and	and	CCONJ
fbem-16429	36	27	cash	cash	NOUN
fbem-16429	36	28	flow	flow	NOUN
fbem-16429	36	29	of	of	ADP
fbem-16429	36	30	the	the	DET
fbem-16429	36	31	enterprise	enterprise	NOUN
fbem-16429	36	32	,	,	PUNCT
fbem-16429	36	33	which	which	PRON
fbem-16429	36	34	means	mean	VERB
fbem-16429	36	35	that	that	SCONJ
fbem-16429	36	36	the	the	DET
fbem-16429	36	37	discounted	discount	VERB
fbem-16429	36	38	cash	cash	NOUN
fbem-16429	36	39	flow	flow	NOUN
fbem-16429	36	40	value	value	NOUN
fbem-16429	36	41	of	of	ADP
fbem-16429	36	42	the	the	DET
fbem-16429	36	43	future	future	ADJ
fbem-16429	36	44	value	value	NOUN
fbem-16429	36	45	of	of	ADP
fbem-16429	36	46	the	the	DET
fbem-16429	36	47	company	company	NOUN
fbem-16429	36	48	should	should	AUX
fbem-16429	36	49	be	be	AUX
fbem-16429	36	50	equal	equal	ADJ
fbem-16429	36	51	to	to	ADP
fbem-16429	36	52	the	the	DET
fbem-16429	36	53	stock	stock	NOUN
fbem-16429	36	54	price	price	NOUN
fbem-16429	36	55	.	.	PUNCT
fbem-16429	37	1	that	that	PRON
fbem-16429	37	2	is	be	AUX
fbem-16429	37	3	to	to	PART
fbem-16429	37	4	say	say	VERB
fbem-16429	37	5	,	,	PUNCT
fbem-16429	37	6	for	for	ADP
fbem-16429	37	7	an	an	DET
fbem-16429	37	8	efficient	efficient	ADJ
fbem-16429	37	9	market	market	NOUN
fbem-16429	37	10	,	,	PUNCT
fbem-16429	37	11	the	the	DET
fbem-16429	37	12	price	price	NOUN
fbem-16429	37	13	can	can	AUX
fbem-16429	37	14	reflect	reflect	VERB
fbem-16429	37	15	all	all	DET
fbem-16429	37	16	public	public	ADJ
fbem-16429	37	17	information	information	NOUN
fbem-16429	37	18	.	.	PUNCT
fbem-16429	38	1	however	however	ADV
fbem-16429	38	2	,	,	PUNCT
fbem-16429	38	3	the	the	DET
fbem-16429	38	4	stock	stock	NOUN
fbem-16429	38	5	market	market	NOUN
fbem-16429	38	6	in	in	ADP
fbem-16429	38	7	reality	reality	NOUN
fbem-16429	38	8	is	be	AUX
fbem-16429	38	9	not	not	PART
fbem-16429	38	10	an	an	DET
fbem-16429	38	11	efficient	efficient	ADJ
fbem-16429	38	12	market	market	NOUN
fbem-16429	38	13	because	because	SCONJ
fbem-16429	38	14	of	of	ADP
fbem-16429	38	15	information	information	NOUN
fbem-16429	38	16	asymmetry	asymmetry	NOUN
fbem-16429	38	17	and	and	CCONJ
fbem-16429	38	18	limited	limited	ADJ
fbem-16429	38	19	arbitrage	arbitrage	NOUN
fbem-16429	38	20	,	,	PUNCT
fbem-16429	38	21	and	and	CCONJ
fbem-16429	38	22	the	the	DET
fbem-16429	38	23	stock	stock	NOUN
fbem-16429	38	24	price	price	NOUN
fbem-16429	38	25	does	do	AUX
fbem-16429	38	26	not	not	PART
fbem-16429	38	27	respond	respond	VERB
fbem-16429	38	28	to	to	ADP
fbem-16429	38	29	all	all	DET
fbem-16429	38	30	information	information	NOUN
fbem-16429	38	31	changes	change	NOUN
fbem-16429	38	32	.	.	PUNCT
fbem-16429	39	1	according	accord	VERB
fbem-16429	39	2	to	to	ADP
fbem-16429	39	3	the	the	DET
fbem-16429	39	4	theory	theory	NOUN
fbem-16429	39	5	of	of	ADP
fbem-16429	39	6	behavioral	behavioral	ADJ
fbem-16429	39	7	finance	finance	NOUN
fbem-16429	39	8	,	,	PUNCT
fbem-16429	39	9	there	there	PRON
fbem-16429	39	10	are	be	VERB
fbem-16429	39	11	deviations	deviation	NOUN
fbem-16429	39	12	and	and	CCONJ
fbem-16429	39	13	disagreements	disagreement	NOUN
fbem-16429	39	14	in	in	ADP
fbem-16429	39	15	investor	investor	NOUN
fbem-16429	39	16	expectations	expectation	NOUN
fbem-16429	39	17	,	,	PUNCT
fbem-16429	39	18	and	and	CCONJ
fbem-16429	39	19	retail	retail	ADJ
fbem-16429	39	20	investors	investor	NOUN
fbem-16429	39	21	are	be	AUX
fbem-16429	39	22	vulnerable	vulnerable	ADJ
fbem-16429	39	23	to	to	ADP
fbem-16429	39	24	the	the	DET
fbem-16429	39	25	interference	interference	NOUN
fbem-16429	39	26	of	of	ADP
fbem-16429	39	27	external	external	ADJ
fbem-16429	39	28	environment	environment	NOUN
fbem-16429	39	29	and	and	CCONJ
fbem-16429	39	30	emotional	emotional	ADJ
fbem-16429	39	31	factors	factor	NOUN
fbem-16429	39	32	,	,	PUNCT
fbem-16429	39	33	which	which	PRON
fbem-16429	39	34	aggravates	aggravate	VERB
fbem-16429	39	35	the	the	DET
fbem-16429	39	36	deviation	deviation	NOUN
fbem-16429	39	37	of	of	ADP
fbem-16429	39	38	stock	stock	NOUN
fbem-16429	39	39	price	price	NOUN
fbem-16429	39	40	from	from	ADP
fbem-16429	39	41	its	its	PRON
fbem-16429	39	42	intrinsic	intrinsic	ADJ
fbem-16429	39	43	value	value	NOUN
fbem-16429	39	44	.	.	PUNCT
fbem-16429	40	1	therefore	therefore	ADV
fbem-16429	40	2	,	,	PUNCT
fbem-16429	40	3	based	base	VERB
fbem-16429	40	4	on	on	ADP
fbem-16429	40	5	the	the	DET
fbem-16429	40	6	research	research	NOUN
fbem-16429	40	7	and	and	CCONJ
fbem-16429	40	8	definition	definition	NOUN
fbem-16429	40	9	of	of	ADP
fbem-16429	40	10	the	the	DET
fbem-16429	40	11	existing	exist	VERB
fbem-16429	40	12	literature	literature	NOUN
fbem-16429	40	13	,	,	PUNCT
fbem-16429	40	14	this	this	DET
fbem-16429	40	15	paper	paper	NOUN
fbem-16429	40	16	defines	define	VERB
fbem-16429	40	17	stock	stock	NOUN
fbem-16429	40	18	mispricing	misprice	VERB
fbem-16429	40	19	as	as	ADP
fbem-16429	40	20	the	the	DET
fbem-16429	40	21	deviation	deviation	NOUN
fbem-16429	40	22	between	between	ADP
fbem-16429	40	23	the	the	DET
fbem-16429	40	24	stock	stock	NOUN
fbem-16429	40	25	price	price	NOUN
fbem-16429	40	26	and	and	CCONJ
fbem-16429	40	27	its	its	PRON
fbem-16429	40	28	intrinsic	intrinsic	ADJ
fbem-16429	40	29	value	value	NOUN
fbem-16429	40	30	in	in	ADP
fbem-16429	40	31	the	the	DET
fbem-16429	40	32	stock	stock	NOUN
fbem-16429	40	33	market	market	NOUN
fbem-16429	40	34	.	.	PUNCT
fbem-16429	41	1	(	(	PUNCT
fbem-16429	41	2	dong	dong	NOUN
fbem-16429	41	3	et	et	PROPN
fbem-16429	41	4	al	al	PROPN
fbem-16429	41	5	.	.	PROPN
fbem-16429	41	6	,	,	PUNCT
fbem-16429	41	7	2012	2012	NUM
fbem-16429	41	8	;	;	PUNCT
fbem-16429	41	9	you	you	PRON
fbem-16429	41	10	and	and	CCONJ
fbem-16429	41	11	wu	wu	PROPN
fbem-16429	41	12	,	,	PUNCT
fbem-16429	41	13	2012	2012	NUM
fbem-16429	41	14	;	;	PUNCT
fbem-16429	41	15	lu	lu	PROPN
fbem-16429	41	16	et	et	PROPN
fbem-16429	41	17	al	al	PROPN
fbem-16429	41	18	.	.	PROPN
fbem-16429	41	19	,	,	PUNCT
fbem-16429	41	20	2017	2017	NUM
fbem-16429	41	21	)	)	PUNCT
fbem-16429	41	22	(	(	PUNCT
fbem-16429	41	23	dong	dong	PROPN
fbem-16429	41	24	,	,	PUNCT
fbem-16429	41	25	hirshleifer	hirshleifer	NOUN
fbem-16429	41	26	,	,	PUNCT
fbem-16429	41	27	&	&	CCONJ
fbem-16429	41	28	teoh	teoh	PROPN
fbem-16429	41	29	,	,	PUNCT
fbem-16429	41	30	2017	2017	NUM
fbem-16429	41	31	;	;	PUNCT
fbem-16429	41	32	lu	lu	PROPN
fbem-16429	41	33	,	,	PUNCT
fbem-16429	41	34	rong	rong	PROPN
fbem-16429	41	35	,	,	PUNCT
fbem-16429	41	36	he	he	PRON
fbem-16429	41	37	,	,	PUNCT
fbem-16429	41	38	&	&	CCONJ
fbem-16429	41	39	cui	cui	PROPN
fbem-16429	41	40	,	,	PUNCT
fbem-16429	41	41	2017	2017	NUM
fbem-16429	41	42	;	;	PUNCT
fbem-16429	41	43	you	you	PRON
fbem-16429	41	44	&	&	CCONJ
fbem-16429	41	45	wu	wu	PROPN
fbem-16429	41	46	,	,	PUNCT
fbem-16429	41	47	2012	2012	NUM
fbem-16429	41	48	)	)	PUNCT
fbem-16429	41	49	the	the	DET
fbem-16429	41	50	development	development	NOUN
fbem-16429	41	51	of	of	ADP
fbem-16429	41	52	china	china	PROPN
fbem-16429	41	53	's	's	PART
fbem-16429	41	54	stock	stock	NOUN
fbem-16429	41	55	market	market	NOUN
fbem-16429	41	56	is	be	AUX
fbem-16429	41	57	not	not	PART
fbem-16429	41	58	yet	yet	ADV
fbem-16429	41	59	perfect	perfect	ADJ
fbem-16429	41	60	,	,	PUNCT
fbem-16429	41	61	and	and	CCONJ
fbem-16429	41	62	the	the	DET
fbem-16429	41	63	intrinsic	intrinsic	ADJ
fbem-16429	41	64	value	value	NOUN
fbem-16429	41	65	of	of	ADP
fbem-16429	41	66	stocks	stock	NOUN
fbem-16429	41	67	often	often	ADV
fbem-16429	41	68	deviates	deviate	VERB
fbem-16429	41	69	from	from	ADP
fbem-16429	41	70	the	the	DET
fbem-16429	41	71	stock	stock	NOUN
fbem-16429	41	72	price	price	NOUN
fbem-16429	41	73	.	.	PUNCT
fbem-16429	42	1	first	first	ADV
fbem-16429	42	2	,	,	PUNCT
fbem-16429	42	3	from	from	ADP
fbem-16429	42	4	the	the	DET
fbem-16429	42	5	perspective	perspective	NOUN
fbem-16429	42	6	of	of	ADP
fbem-16429	42	7	market	market	NOUN
fbem-16429	42	8	trading	trading	NOUN
fbem-16429	42	9	system	system	NOUN
fbem-16429	42	10	,	,	PUNCT
fbem-16429	42	11	china	china	PROPN
fbem-16429	42	12	's	's	PART
fbem-16429	42	13	limit	limit	NOUN
fbem-16429	42	14	system	system	NOUN
fbem-16429	42	15	is	be	AUX
fbem-16429	42	16	relatively	relatively	ADV
fbem-16429	42	17	special	special	ADJ
fbem-16429	42	18	,	,	PUNCT
fbem-16429	42	19	and	and	CCONJ
fbem-16429	42	20	it	it	PRON
fbem-16429	42	21	is	be	AUX
fbem-16429	42	22	difficult	difficult	ADJ
fbem-16429	42	23	for	for	SCONJ
fbem-16429	42	24	stock	stock	NOUN
fbem-16429	42	25	prices	price	NOUN
fbem-16429	42	26	to	to	PART
fbem-16429	42	27	return	return	VERB
fbem-16429	42	28	quickly	quickly	ADV
fbem-16429	42	29	after	after	ADP
fbem-16429	42	30	deviating	deviate	VERB
fbem-16429	42	31	from	from	ADP
fbem-16429	42	32	the	the	DET
fbem-16429	42	33	basic	basic	ADJ
fbem-16429	42	34	value	value	NOUN
fbem-16429	42	35	.	.	PUNCT
fbem-16429	43	1	(	(	PUNCT
fbem-16429	43	2	chen	chen	PROPN
fbem-16429	43	3	and	and	CCONJ
fbem-16429	43	4	long	long	ADV
fbem-16429	43	5	,	,	PUNCT
fbem-16429	43	6	2003	2003	NUM
fbem-16429	43	7	;	;	PUNCT
fbem-16429	43	8	wang	wang	PROPN
fbem-16429	43	9	and	and	CCONJ
fbem-16429	43	10	wang	wang	PROPN
fbem-16429	43	11	,	,	PUNCT
fbem-16429	43	12	2017	2017	NUM
fbem-16429	43	13	;	;	PUNCT
fbem-16429	43	14	huang	huang	PROPN
fbem-16429	43	15	et	et	PROPN
fbem-16429	43	16	al	al	PROPN
fbem-16429	43	17	.	.	PROPN
fbem-16429	43	18	,	,	PUNCT
fbem-16429	43	19	2018	2018	NUM
fbem-16429	43	20	)	)	PUNCT
fbem-16429	43	21	(	(	PUNCT
fbem-16429	43	22	chen	chen	PROPN
fbem-16429	43	23	&	&	CCONJ
fbem-16429	43	24	long	long	PROPN
fbem-16429	43	25	,	,	PUNCT
fbem-16429	43	26	2003	2003	NUM
fbem-16429	43	27	;	;	PUNCT
fbem-16429	43	28	huang	huang	PROPN
fbem-16429	43	29	yuan	yuan	PROPN
fbem-16429	43	30	,	,	PUNCT
fbem-16429	43	31	xie	xie	PROPN
fbem-16429	43	32	quanbin	quanbin	PROPN
fbem-16429	43	33	,	,	PUNCT
fbem-16429	43	34	&	&	CCONJ
fbem-16429	43	35	hu	hu	PROPN
fbem-16429	43	36	xin	xin	PROPN
fbem-16429	43	37	,	,	PUNCT
fbem-16429	43	38	2018	2018	NUM
fbem-16429	43	39	;	;	PUNCT
fbem-16429	43	40	wang	wang	PROPN
fbem-16429	43	41	&	&	CCONJ
fbem-16429	43	42	wang	wang	PROPN
fbem-16429	43	43	,	,	PUNCT
fbem-16429	43	44	2017	2017	NUM
fbem-16429	43	45	)	)	PUNCT
fbem-16429	43	46	in	in	ADP
fbem-16429	43	47	addition	addition	NOUN
fbem-16429	43	48	,	,	PUNCT
fbem-16429	43	49	as	as	SCONJ
fbem-16429	43	50	the	the	DET
fbem-16429	43	51	stocks	stock	NOUN
fbem-16429	43	52	on	on	ADP
fbem-16429	43	53	the	the	DET
fbem-16429	43	54	first	first	ADJ
fbem-16429	43	55	day	day	NOUN
fbem-16429	43	56	of	of	ADP
fbem-16429	43	57	listing	listing	NOUN
fbem-16429	43	58	are	be	AUX
fbem-16429	43	59	easy	easy	ADJ
fbem-16429	43	60	to	to	PART
fbem-16429	43	61	obtain	obtain	VERB
fbem-16429	43	62	high	high	ADJ
fbem-16429	43	63	returns	return	NOUN
fbem-16429	43	64	,	,	PUNCT
fbem-16429	43	65	the	the	DET
fbem-16429	43	66	phenomenon	phenomenon	NOUN
fbem-16429	43	67	of	of	ADP
fbem-16429	43	68	investors	investor	NOUN
fbem-16429	43	69	"	"	PUNCT
fbem-16429	43	70	speculation	speculation	NOUN
fbem-16429	43	71	of	of	ADP
fbem-16429	43	72	new	new	ADJ
fbem-16429	43	73	shares	share	NOUN
fbem-16429	43	74	"	"	PUNCT
fbem-16429	43	75	often	often	ADV
fbem-16429	43	76	occurs	occur	VERB
fbem-16429	43	77	in	in	ADP
fbem-16429	43	78	the	the	DET
fbem-16429	43	79	stock	stock	NOUN
fbem-16429	43	80	market	market	NOUN
fbem-16429	43	81	.	.	PUNCT
fbem-16429	44	1	(	(	PUNCT
fbem-16429	44	2	han	han	PROPN
fbem-16429	44	3	et	et	PROPN
fbem-16429	44	4	al	al	PROPN
fbem-16429	44	5	.	.	PROPN
fbem-16429	44	6	,	,	PUNCT
fbem-16429	44	7	2007	2007	NUM
fbem-16429	44	8	;	;	PUNCT
fbem-16429	44	9	song	song	NOUN
fbem-16429	44	10	and	and	CCONJ
fbem-16429	44	11	tang	tang	NOUN
fbem-16429	44	12	,	,	PUNCT
fbem-16429	44	13	2019	2019	NUM
fbem-16429	44	14	)	)	PUNCT
fbem-16429	44	15	(	(	PUNCT
fbem-16429	44	16	song	song	NOUN
fbem-16429	44	17	and	and	CCONJ
fbem-16429	44	18	tang	tang	NOUN
fbem-16429	44	19	,	,	PUNCT
fbem-16429	44	20	2019	2019	NUM
fbem-16429	44	21	;	;	PUNCT
fbem-16429	44	22	wu	wu	PROPN
fbem-16429	44	23	&	&	CCONJ
fbem-16429	44	24	han	han	PROPN
fbem-16429	44	25	,	,	PUNCT
fbem-16429	44	26	2007	2007	NUM
fbem-16429	44	27	)	)	PUNCT
fbem-16429	44	28	.	.	PUNCT
fbem-16429	45	1	although	although	SCONJ
fbem-16429	45	2	the	the	DET
fbem-16429	45	3	short	short	ADJ
fbem-16429	45	4	sale	sale	NOUN
fbem-16429	45	5	restrictions	restriction	NOUN
fbem-16429	45	6	have	have	AUX
fbem-16429	45	7	been	be	AUX
fbem-16429	45	8	eased	ease	VERB
fbem-16429	45	9	to	to	ADP
fbem-16429	45	10	some	some	DET
fbem-16429	45	11	extent	extent	NOUN
fbem-16429	45	12	after	after	ADP
fbem-16429	45	13	the	the	DET
fbem-16429	45	14	emergence	emergence	NOUN
fbem-16429	45	15	of	of	ADP
fbem-16429	45	16	the	the	DET
fbem-16429	45	17	margin	margin	NOUN
fbem-16429	45	18	trading	trading	NOUN
fbem-16429	45	19	system	system	NOUN
fbem-16429	45	20	in	in	ADP
fbem-16429	45	21	2010	2010	NUM
fbem-16429	45	22	,	,	PUNCT
fbem-16429	45	23	on	on	ADP
fbem-16429	45	24	the	the	DET
fbem-16429	45	25	whole	whole	NOUN
fbem-16429	45	26	,	,	PUNCT
fbem-16429	45	27	the	the	DET
fbem-16429	45	28	balance	balance	NOUN
fbem-16429	45	29	of	of	ADP
fbem-16429	45	30	short	short	ADJ
fbem-16429	45	31	selling	selling	NOUN
fbem-16429	45	32	is	be	AUX
fbem-16429	45	33	much	much	ADV
fbem-16429	45	34	smaller	small	ADJ
fbem-16429	45	35	than	than	ADP
fbem-16429	45	36	the	the	DET
fbem-16429	45	37	balance	balance	NOUN
fbem-16429	45	38	of	of	ADP
fbem-16429	45	39	financing	financing	NOUN
fbem-16429	45	40	,	,	PUNCT
fbem-16429	45	41	which	which	PRON
fbem-16429	45	42	is	be	AUX
fbem-16429	45	43	still	still	ADV
fbem-16429	45	44	far	far	ADV
fbem-16429	45	45	behind	behind	ADP
fbem-16429	45	46	the	the	DET
fbem-16429	45	47	developed	develop	VERB
fbem-16429	45	48	stock	stock	NOUN
fbem-16429	45	49	markets	market	NOUN
fbem-16429	45	50	such	such	ADJ
fbem-16429	45	51	as	as	ADP
fbem-16429	45	52	the	the	DET
fbem-16429	45	53	us	us	PROPN
fbem-16429	45	54	stock	stock	NOUN
fbem-16429	45	55	market	market	NOUN
fbem-16429	45	56	.	.	PUNCT
fbem-16429	46	1	second	second	ADV
fbem-16429	46	2	,	,	PUNCT
fbem-16429	46	3	the	the	DET
fbem-16429	46	4	development	development	NOUN
fbem-16429	46	5	history	history	NOUN
fbem-16429	46	6	of	of	ADP
fbem-16429	46	7	china	china	PROPN
fbem-16429	46	8	's	's	PART
fbem-16429	46	9	stock	stock	NOUN
fbem-16429	46	10	market	market	NOUN
fbem-16429	46	11	is	be	AUX
fbem-16429	46	12	only	only	ADV
fbem-16429	46	13	a	a	DET
fbem-16429	46	14	few	few	ADJ
fbem-16429	46	15	decades	decade	NOUN
fbem-16429	46	16	,	,	PUNCT
fbem-16429	46	17	the	the	DET
fbem-16429	46	18	market	market	NOUN
fbem-16429	46	19	norms	norm	NOUN
fbem-16429	46	20	are	be	AUX
fbem-16429	46	21	not	not	PART
fbem-16429	46	22	yet	yet	ADV
fbem-16429	46	23	sound	sound	ADJ
fbem-16429	46	24	,	,	PUNCT
fbem-16429	46	25	and	and	CCONJ
fbem-16429	46	26	the	the	DET
fbem-16429	46	27	quality	quality	NOUN
fbem-16429	46	28	of	of	ADP
fbem-16429	46	29	individual	individual	ADJ
fbem-16429	46	30	investors	investor	NOUN
fbem-16429	46	31	is	be	AUX
fbem-16429	46	32	uneven	uneven	ADJ
fbem-16429	46	33	,	,	PUNCT
fbem-16429	46	34	which	which	PRON
fbem-16429	46	35	makes	make	VERB
fbem-16429	46	36	the	the	DET
fbem-16429	46	37	phenomenon	phenomenon	NOUN
fbem-16429	46	38	of	of	ADP
fbem-16429	46	39	information	information	NOUN
fbem-16429	46	40	asymmetry	asymmetry	NOUN
fbem-16429	46	41	very	very	ADV
fbem-16429	46	42	serious	serious	ADJ
fbem-16429	46	43	.	.	PUNCT
fbem-16429	47	1	in	in	ADP
fbem-16429	47	2	addition	addition	NOUN
fbem-16429	47	3	,	,	PUNCT
fbem-16429	47	4	according	accord	VERB
fbem-16429	47	5	to	to	ADP
fbem-16429	47	6	the	the	DET
fbem-16429	47	7	theory	theory	NOUN
fbem-16429	47	8	of	of	ADP
fbem-16429	47	9	behavioral	behavioral	ADJ
fbem-16429	47	10	finance	finance	NOUN
fbem-16429	47	11	,	,	PUNCT
fbem-16429	47	12	many	many	ADJ
fbem-16429	47	13	investors	investor	NOUN
fbem-16429	47	14	in	in	ADP
fbem-16429	47	15	the	the	DET
fbem-16429	47	16	market	market	NOUN
fbem-16429	47	17	are	be	AUX
fbem-16429	47	18	not	not	PART
fbem-16429	47	19	rational	rational	ADJ
fbem-16429	47	20	,	,	PUNCT
fbem-16429	47	21	and	and	CCONJ
fbem-16429	47	22	their	their	PRON
fbem-16429	47	23	investment	investment	NOUN
fbem-16429	47	24	decisions	decision	NOUN
fbem-16429	47	25	will	will	AUX
fbem-16429	47	26	be	be	AUX
fbem-16429	47	27	interfered	interfere	VERB
fbem-16429	47	28	by	by	ADP
fbem-16429	47	29	investment	investment	NOUN
fbem-16429	47	30	experience	experience	NOUN
fbem-16429	47	31	,	,	PUNCT
fbem-16429	47	32	investment	investment	NOUN
fbem-16429	47	33	literacy	literacy	NOUN
fbem-16429	47	34	,	,	PUNCT
fbem-16429	47	35	psychological	psychological	ADJ
fbem-16429	47	36	emotions	emotion	NOUN
fbem-16429	47	37	and	and	CCONJ
fbem-16429	47	38	other	other	ADJ
fbem-16429	47	39	factors	factor	NOUN
fbem-16429	47	40	,	,	PUNCT
fbem-16429	47	41	leading	lead	VERB
fbem-16429	47	42	to	to	ADP
fbem-16429	47	43	the	the	DET
fbem-16429	47	44	occurrence	occurrence	NOUN
fbem-16429	47	45	of	of	ADP
fbem-16429	47	46	mispricing	misprice	VERB
fbem-16429	47	47	.	.	PUNCT
fbem-16429	48	1	(	(	PUNCT
fbem-16429	48	2	you	you	PRON
fbem-16429	48	3	and	and	CCONJ
fbem-16429	48	4	wu	wu	PROPN
fbem-16429	48	5	,	,	PUNCT
fbem-16429	48	6	2012	2012	NUM
fbem-16429	48	7	;	;	PUNCT
fbem-16429	48	8	xu	xu	PROPN
fbem-16429	48	9	et	et	PROPN
fbem-16429	48	10	al	al	PROPN
fbem-16429	48	11	.	.	PROPN
fbem-16429	48	12	,	,	PUNCT
fbem-16429	48	13	2015	2015	NUM
fbem-16429	48	14	)	)	PUNCT
fbem-16429	48	15	(	(	PUNCT
fbem-16429	48	16	xu	xu	PROPN
fbem-16429	48	17	&	&	CCONJ
fbem-16429	48	18	xu	xu	PROPN
fbem-16429	48	19	,	,	PUNCT
fbem-16429	48	20	2015	2015	NUM
fbem-16429	48	21	;	;	PUNCT
fbem-16429	48	22	you	you	PRON
fbem-16429	48	23	&	&	CCONJ
fbem-16429	48	24	wu	wu	PROPN
fbem-16429	48	25	,	,	PUNCT
fbem-16429	48	26	2012	2012	NUM
fbem-16429	48	27	)	)	PUNCT
fbem-16429	48	28	finally	finally	ADV
fbem-16429	48	29	,	,	PUNCT
fbem-16429	48	30	under	under	ADP
fbem-16429	48	31	the	the	DET
fbem-16429	48	32	influence	influence	NOUN
fbem-16429	48	33	of	of	ADP
fbem-16429	48	34	macro	macro	ADJ
fbem-16429	48	35	uncertainties	uncertainty	NOUN
fbem-16429	48	36	such	such	ADJ
fbem-16429	48	37	as	as	ADP
fbem-16429	48	38	economic	economic	ADJ
fbem-16429	48	39	and	and	CCONJ
fbem-16429	48	40	political	political	ADJ
fbem-16429	48	41	factors	factor	NOUN
fbem-16429	48	42	and	and	CCONJ
fbem-16429	48	43	national	national	ADJ
fbem-16429	48	44	economic	economic	ADJ
fbem-16429	48	45	policies	policy	NOUN
fbem-16429	48	46	,	,	PUNCT
fbem-16429	48	47	china	china	PROPN
fbem-16429	48	48	's	's	PART
fbem-16429	48	49	stock	stock	NOUN
fbem-16429	48	50	market	market	NOUN
fbem-16429	48	51	shows	show	VERB
fbem-16429	48	52	the	the	DET
fbem-16429	48	53	characteristics	characteristic	NOUN
fbem-16429	48	54	of	of	ADP
fbem-16429	48	55	a	a	DET
fbem-16429	48	56	"	"	PUNCT
fbem-16429	48	57	policy	policy	NOUN
fbem-16429	48	58	market	market	NOUN
fbem-16429	48	59	,	,	PUNCT
fbem-16429	48	60	"	"	PUNCT
fbem-16429	48	61	which	which	PRON
fbem-16429	48	62	reduces	reduce	VERB
fbem-16429	48	63	the	the	DET
fbem-16429	48	64	credibility	credibility	NOUN
fbem-16429	48	65	of	of	ADP
fbem-16429	48	66	stock	stock	NOUN
fbem-16429	48	67	market	market	NOUN
fbem-16429	48	68	indicators	indicator	NOUN
fbem-16429	48	69	and	and	CCONJ
fbem-16429	48	70	leads	lead	VERB
fbem-16429	48	71	to	to	ADP
fbem-16429	48	72	more	more	ADV
fbem-16429	48	73	serious	serious	ADJ
fbem-16429	48	74	mispricing	mispricing	NOUN
fbem-16429	48	75	.	.	PUNCT
fbem-16429	49	1	(	(	PUNCT
fbem-16429	49	2	xie	xie	PROPN
fbem-16429	49	3	et	et	PROPN
fbem-16429	49	4	al	al	PROPN
fbem-16429	49	5	.	.	PROPN
fbem-16429	49	6	,	,	PUNCT
fbem-16429	49	7	2002	2002	NUM
fbem-16429	49	8	;	;	PUNCT
fbem-16429	49	9	zhu	zhu	PROPN
fbem-16429	49	10	and	and	CCONJ
fbem-16429	49	11	li	li	PROPN
fbem-16429	49	12	,	,	PUNCT
fbem-16429	49	13	2013	2013	NUM
fbem-16429	49	14	;	;	PUNCT
fbem-16429	49	15	dai	dai	PROPN
fbem-16429	49	16	and	and	CCONJ
fbem-16429	49	17	yin	yin	PROPN
fbem-16429	49	18	,	,	PUNCT
fbem-16429	49	19	2017	2017	NUM
fbem-16429	49	20	)	)	PUNCT
fbem-16429	49	21	(	(	PUNCT
fbem-16429	49	22	dai	dai	PROPN
fbem-16429	49	23	and	and	CCONJ
fbem-16429	49	24	yin	yin	PROPN
fbem-16429	49	25	,	,	PUNCT
fbem-16429	49	26	2017	2017	NUM
fbem-16429	49	27	;	;	PUNCT
fbem-16429	49	28	xie	xie	PROPN
fbem-16429	49	29	baohua	baohua	PROPN
fbem-16429	49	30	,	,	PUNCT
fbem-16429	49	31	gao	gao	PROPN
fbem-16429	49	32	rongxing	rongxing	NOUN
fbem-16429	49	33	,	,	PUNCT
fbem-16429	49	34	&	&	CCONJ
fbem-16429	49	35	ma	ma	PROPN
fbem-16429	49	36	zheng	zheng	PROPN
fbem-16429	49	37	,	,	PUNCT
fbem-16429	49	38	2002	2002	NUM
fbem-16429	49	39	;	;	PUNCT
fbem-16429	49	40	zhu	zhu	PROPN
fbem-16429	49	41	&	&	CCONJ
fbem-16429	49	42	li	li	PROPN
fbem-16429	49	43	,	,	PUNCT
fbem-16429	49	44	2013	2013	NUM
fbem-16429	49	45	)	)	PUNCT
fbem-16429	49	46	asset	asset	NOUN
fbem-16429	49	47	price	price	NOUN
fbem-16429	49	48	return	return	NOUN
fbem-16429	49	49	rate	rate	NOUN
fbem-16429	49	50	and	and	CCONJ
fbem-16429	49	51	trading	trading	NOUN
fbem-16429	49	52	volume	volume	NOUN
fbem-16429	49	53	are	be	AUX
fbem-16429	49	54	the	the	DET
fbem-16429	49	55	two	two	NUM
fbem-16429	49	56	most	most	ADV
fbem-16429	49	57	concerned	concerned	ADJ
fbem-16429	49	58	indicators	indicator	NOUN
fbem-16429	49	59	in	in	ADP
fbem-16429	49	60	the	the	DET
fbem-16429	49	61	securities	security	NOUN
fbem-16429	49	62	market	market	NOUN
fbem-16429	49	63	.	.	PUNCT
fbem-16429	50	1	early	early	ADJ
fbem-16429	50	2	researchers	researcher	NOUN
fbem-16429	50	3	tried	try	VERB
fbem-16429	50	4	to	to	PART
fbem-16429	50	5	find	find	VERB
fbem-16429	50	6	a	a	DET
fbem-16429	50	7	direct	direct	ADJ
fbem-16429	50	8	positive	positive	ADJ
fbem-16429	50	9	or	or	CCONJ
fbem-16429	50	10	negative	negative	ADJ
fbem-16429	50	11	relationship	relationship	NOUN
fbem-16429	50	12	between	between	ADP
fbem-16429	50	13	volume	volume	NOUN
fbem-16429	50	14	and	and	CCONJ
fbem-16429	50	15	return	return	NOUN
fbem-16429	50	16	.	.	PUNCT
fbem-16429	51	1	su	su	PROPN
fbem-16429	51	2	and	and	CCONJ
fbem-16429	51	3	mai	mai	PROPN
fbem-16429	51	4	(	(	PUNCT
fbem-16429	51	5	2004	2004	NUM
fbem-16429	51	6	)	)	PUNCT
fbem-16429	51	7	(	(	PUNCT
fbem-16429	51	8	su	su	PROPN
fbem-16429	51	9	and	and	CCONJ
fbem-16429	51	10	mai	mai	PROPN
fbem-16429	51	11	,	,	PUNCT
fbem-16429	51	12	2004	2004	NUM
fbem-16429	51	13	)	)	PUNCT
fbem-16429	51	14	found	find	VERB
fbem-16429	51	15	a	a	DET
fbem-16429	51	16	negative	negative	ADJ
fbem-16429	51	17	correlation	correlation	NOUN
fbem-16429	51	18	.	.	PUNCT
fbem-16429	52	1	therefore	therefore	ADV
fbem-16429	52	2	,	,	PUNCT
fbem-16429	52	3	stock	stock	NOUN
fbem-16429	52	4	liquidity	liquidity	NOUN
fbem-16429	52	5	is	be	AUX
fbem-16429	52	6	one	one	NUM
fbem-16429	52	7	of	of	ADP
fbem-16429	52	8	the	the	DET
fbem-16429	52	9	factors	factor	NOUN
fbem-16429	52	10	in	in	ADP
fbem-16429	52	11	asset	asset	NOUN
fbem-16429	52	12	pricing	pricing	NOUN
fbem-16429	52	13	.	.	PUNCT
fbem-16429	53	1	zhou	zhou	PROPN
fbem-16429	53	2	and	and	CCONJ
fbem-16429	53	3	wu	wu	PROPN
fbem-16429	53	4	(	(	PUNCT
fbem-16429	53	5	2009	2009	NUM
fbem-16429	53	6	)	)	PUNCT
fbem-16429	53	7	(	(	PUNCT
fbem-16429	53	8	zhou	zhou	PROPN
fbem-16429	53	9	and	and	CCONJ
fbem-16429	53	10	wu	wu	PROPN
fbem-16429	53	11	,	,	PUNCT
fbem-16429	53	12	2009	2009	NUM
fbem-16429	53	13	)	)	PUNCT
fbem-16429	53	14	found	find	VERB
fbem-16429	53	15	a	a	DET
fbem-16429	53	16	positive	positive	ADJ
fbem-16429	53	17	correlation	correlation	NOUN
fbem-16429	53	18	,	,	PUNCT
fbem-16429	53	19	which	which	PRON
fbem-16429	53	20	changed	change	VERB
fbem-16429	53	21	with	with	ADP
fbem-16429	53	22	the	the	DET
fbem-16429	53	23	change	change	NOUN
fbem-16429	53	24	of	of	ADP
fbem-16429	53	25	stock	stock	NOUN
fbem-16429	53	26	size	size	NOUN
fbem-16429	53	27	,	,	PUNCT
fbem-16429	53	28	and	and	CCONJ
fbem-16429	53	29	was	be	AUX
fbem-16429	53	30	more	more	ADV
fbem-16429	53	31	significant	significant	ADJ
fbem-16429	53	32	in	in	ADP
fbem-16429	53	33	small	small	ADJ
fbem-16429	53	34	-	-	PUNCT
fbem-16429	53	35	capitalization	capitalization	NOUN
fbem-16429	53	36	stocks	stock	NOUN
fbem-16429	53	37	.	.	PUNCT
fbem-16429	54	1	this	this	DET
fbem-16429	54	2	opposite	opposite	ADJ
fbem-16429	54	3	conclusion	conclusion	NOUN
fbem-16429	54	4	exists	exist	VERB
fbem-16429	54	5	not	not	PART
fbem-16429	54	6	only	only	ADV
fbem-16429	54	7	in	in	ADP
fbem-16429	54	8	the	the	DET
fbem-16429	54	9	domestic	domestic	ADJ
fbem-16429	54	10	market	market	NOUN
fbem-16429	54	11	,	,	PUNCT
fbem-16429	54	12	but	but	CCONJ
fbem-16429	54	13	also	also	ADV
fbem-16429	54	14	widely	widely	ADV
fbem-16429	54	15	in	in	ADP
fbem-16429	54	16	other	other	ADJ
fbem-16429	54	17	stock	stock	NOUN
fbem-16429	54	18	markets	market	NOUN
fbem-16429	54	19	.	.	PUNCT
fbem-16429	55	1	bajzik	bajzik	NOUN
fbem-16429	55	2	et	et	PROPN
fbem-16429	55	3	al	al	PROPN
fbem-16429	55	4	.	.	PROPN
fbem-16429	56	1	(	(	PUNCT
fbem-16429	56	2	2021	2021	NUM
fbem-16429	56	3	)	)	PUNCT
fbem-16429	56	4	(	(	PUNCT
fbem-16429	56	5	bajzik	bajzik	NOUN
fbem-16429	56	6	,	,	PUNCT
fbem-16429	56	7	2021	2021	NUM
fbem-16429	56	8	)	)	PUNCT
fbem-16429	56	9	conducted	conduct	VERB
fbem-16429	56	10	a	a	DET
fbem-16429	56	11	review	review	NOUN
fbem-16429	56	12	study	study	NOUN
fbem-16429	56	13	on	on	ADP
fbem-16429	56	14	the	the	DET
fbem-16429	56	15	relationship	relationship	NOUN
fbem-16429	56	16	between	between	ADP
fbem-16429	56	17	trading	trading	NOUN
fbem-16429	56	18	volume	volume	NOUN
fbem-16429	56	19	and	and	CCONJ
fbem-16429	56	20	price	price	NOUN
fbem-16429	56	21	,	,	PUNCT
fbem-16429	56	22	and	and	CCONJ
fbem-16429	56	23	believed	believe	VERB
fbem-16429	56	24	that	that	SCONJ
fbem-16429	56	25	different	different	ADJ
fbem-16429	56	26	research	research	NOUN
fbem-16429	56	27	methods	method	NOUN
fbem-16429	56	28	would	would	AUX
fbem-16429	56	29	bring	bring	VERB
fbem-16429	56	30	opposite	opposite	ADJ
fbem-16429	56	31	conclusions	conclusion	NOUN
fbem-16429	56	32	,	,	PUNCT
fbem-16429	56	33	and	and	CCONJ
fbem-16429	56	34	publication	publication	NOUN
fbem-16429	56	35	bias	bias	NOUN
fbem-16429	56	36	would	would	AUX
fbem-16429	56	37	also	also	ADV
fbem-16429	56	38	distort	distort	VERB
fbem-16429	56	39	the	the	DET
fbem-16429	56	40	results	result	NOUN
fbem-16429	56	41	.	.	PUNCT
fbem-16429	57	1	if	if	SCONJ
fbem-16429	57	2	granger	granger	PROPN
fbem-16429	57	3	causality	causality	NOUN
fbem-16429	57	4	test	test	NOUN
fbem-16429	57	5	is	be	AUX
fbem-16429	57	6	used	use	VERB
fbem-16429	57	7	to	to	PART
fbem-16429	57	8	evaluate	evaluate	VERB
fbem-16429	57	9	the	the	DET
fbem-16429	57	10	relationship	relationship	NOUN
fbem-16429	57	11	between	between	ADP
fbem-16429	57	12	turnover	turnover	NOUN
fbem-16429	57	13	and	and	CCONJ
fbem-16429	57	14	returns	return	NOUN
fbem-16429	57	15	,	,	PUNCT
fbem-16429	57	16	it	it	PRON
fbem-16429	57	17	will	will	AUX
fbem-16429	57	18	again	again	ADV
fbem-16429	57	19	be	be	AUX
fbem-16429	57	20	found	find	VERB
fbem-16429	57	21	that	that	SCONJ
fbem-16429	57	22	this	this	DET
fbem-16429	57	23	relationship	relationship	NOUN
fbem-16429	57	24	is	be	AUX
fbem-16429	57	25	weak	weak	ADJ
fbem-16429	57	26	or	or	CCONJ
fbem-16429	57	27	does	do	AUX
fbem-16429	57	28	not	not	PART
fbem-16429	57	29	exist	exist	VERB
fbem-16429	57	30	.	.	PUNCT
fbem-16429	58	1	obstacles	obstacle	NOUN
fbem-16429	58	2	stand	stand	VERB
fbem-16429	58	3	in	in	ADP
fbem-16429	58	4	the	the	DET
fbem-16429	58	5	way	way	NOUN
fbem-16429	58	6	of	of	ADP
fbem-16429	58	7	directly	directly	ADV
fbem-16429	58	8	studying	study	VERB
fbem-16429	58	9	the	the	DET
fbem-16429	58	10	effect	effect	NOUN
fbem-16429	58	11	of	of	ADP
fbem-16429	58	12	volume	volume	NOUN
fbem-16429	58	13	on	on	ADP
fbem-16429	58	14	expected	expect	VERB
fbem-16429	58	15	returns	return	NOUN
fbem-16429	58	16	.	.	PUNCT
fbem-16429	59	1	the	the	DET
fbem-16429	59	2	research	research	NOUN
fbem-16429	59	3	of	of	ADP
fbem-16429	59	4	atmaz	atmaz	PROPN
fbem-16429	59	5	et	et	PROPN
fbem-16429	59	6	al	al	PROPN
fbem-16429	59	7	.	.	PROPN
fbem-16429	60	1	(	(	PUNCT
fbem-16429	60	2	2018	2018	NUM
fbem-16429	60	3	)	)	PUNCT
fbem-16429	60	4	(	(	PUNCT
fbem-16429	60	5	atmaz	atmaz	PROPN
fbem-16429	60	6	&	&	CCONJ
fbem-16429	60	7	basak	basak	PROPN
fbem-16429	60	8	,	,	PUNCT
fbem-16429	60	9	2018	2018	NUM
fbem-16429	60	10	)	)	PUNCT
fbem-16429	60	11	pointed	point	VERB
fbem-16429	60	12	out	out	ADP
fbem-16429	60	13	a	a	DET
fbem-16429	60	14	new	new	ADJ
fbem-16429	60	15	direction	direction	NOUN
fbem-16429	60	16	,	,	PUNCT
fbem-16429	60	17	and	and	CCONJ
fbem-16429	60	18	he	he	PRON
fbem-16429	60	19	proposed	propose	VERB
fbem-16429	60	20	the	the	DET
fbem-16429	60	21	concept	concept	NOUN
fbem-16429	60	22	of	of	ADP
fbem-16429	60	23	belief	belief	NOUN
fbem-16429	60	24	dispersion	dispersion	NOUN
fbem-16429	60	25	in	in	ADP
fbem-16429	60	26	the	the	DET
fbem-16429	60	27	stock	stock	NOUN
fbem-16429	60	28	market	market	NOUN
fbem-16429	60	29	.	.	PUNCT
fbem-16429	61	1	the	the	DET
fbem-16429	61	2	reasons	reason	NOUN
fbem-16429	61	3	for	for	ADP
fbem-16429	61	4	stock	stock	NOUN
fbem-16429	61	5	price	price	NOUN
fbem-16429	61	6	deviation	deviation	NOUN
fbem-16429	61	7	from	from	ADP
fbem-16429	61	8	intrinsic	intrinsic	ADJ
fbem-16429	61	9	value	value	NOUN
fbem-16429	61	10	are	be	AUX
fbem-16429	61	11	divided	divide	VERB
fbem-16429	61	12	into	into	ADP
fbem-16429	61	13	average	average	ADJ
fbem-16429	61	14	expectation	expectation	NOUN
fbem-16429	61	15	deviation	deviation	NOUN
fbem-16429	61	16	and	and	CCONJ
fbem-16429	61	17	investor	investor	NOUN
fbem-16429	61	18	disagreement	disagreement	NOUN
fbem-16429	61	19	.	.	PUNCT
fbem-16429	62	1	the	the	DET
fbem-16429	62	2	average	average	ADJ
fbem-16429	62	3	expected	expect	VERB
fbem-16429	62	4	deviation	deviation	NOUN
fbem-16429	62	5	is	be	AUX
fbem-16429	62	6	the	the	DET
fbem-16429	62	7	average	average	ADJ
fbem-16429	62	8	deviation	deviation	NOUN
fbem-16429	62	9	of	of	ADP
fbem-16429	62	10	investors	investor	NOUN
fbem-16429	62	11	in	in	ADP
fbem-16429	62	12	the	the	DET
fbem-16429	62	13	market	market	NOUN
fbem-16429	62	14	.	.	PUNCT
fbem-16429	63	1	investor	investor	NOUN
fbem-16429	63	2	disagreement	disagreement	NOUN
fbem-16429	63	3	is	be	AUX
fbem-16429	63	4	the	the	DET
fbem-16429	63	5	dispersion	dispersion	NOUN
fbem-16429	63	6	of	of	ADP
fbem-16429	63	7	investors	investor	NOUN
fbem-16429	63	8	'	'	PART
fbem-16429	63	9	beliefs	belief	NOUN
fbem-16429	63	10	,	,	PUNCT
fbem-16429	63	11	defined	define	VERB
fbem-16429	63	12	as	as	ADP
fbem-16429	63	13	the	the	DET
fbem-16429	63	14	standard	standard	ADJ
fbem-16429	63	15	deviation	deviation	NOUN
fbem-16429	63	16	of	of	ADP
fbem-16429	63	17	investor	investor	NOUN
fbem-16429	63	18	belief	belief	NOUN
fbem-16429	63	19	bias	bias	NOUN
fbem-16429	63	20	,	,	PUNCT
fbem-16429	63	21	using	use	VERB
fbem-16429	63	22	the	the	DET
fbem-16429	63	23	crosssectional	crosssectional	ADJ
fbem-16429	63	24	standard	standard	ADJ
fbem-16429	63	25	deviation	deviation	NOUN
fbem-16429	63	26	of	of	ADP
fbem-16429	63	27	investor	investor	NOUN
fbem-16429	63	28	disagreement	disagreement	NOUN
fbem-16429	63	29	as	as	ADP
fbem-16429	63	30	belief	belief	NOUN
fbem-16429	63	31	dispersion	dispersion	NOUN
fbem-16429	63	32	.	.	PUNCT
fbem-16429	64	1	moreover	moreover	ADV
fbem-16429	64	2	,	,	PUNCT
fbem-16429	64	3	the	the	DET
fbem-16429	64	4	divergence	divergence	NOUN
fbem-16429	64	5	of	of	ADP
fbem-16429	64	6	investors	investor	NOUN
fbem-16429	64	7	'	'	PART
fbem-16429	64	8	beliefs	belief	NOUN
fbem-16429	64	9	magnifies	magnify	VERB
fbem-16429	64	10	the	the	DET
fbem-16429	64	11	average	average	ADJ
fbem-16429	64	12	expected	expect	VERB
fbem-16429	64	13	deviation	deviation	NOUN
fbem-16429	64	14	of	of	ADP
fbem-16429	64	15	investors	investor	NOUN
fbem-16429	64	16	.	.	PUNCT
fbem-16429	65	1	on	on	ADP
fbem-16429	65	2	the	the	DET
fbem-16429	65	3	basis	basis	NOUN
fbem-16429	65	4	of	of	ADP
fbem-16429	65	5	this	this	DET
fbem-16429	65	6	theory	theory	NOUN
fbem-16429	65	7	,	,	PUNCT
fbem-16429	65	8	yufeng	yufeng	PROPN
fbem-16429	65	9	han	han	PROPN
fbem-16429	65	10	et	et	PROPN
fbem-16429	65	11	al	al	PROPN
fbem-16429	65	12	.	.	PROPN
fbem-16429	66	1	(	(	PUNCT
fbem-16429	66	2	2021	2021	NUM
fbem-16429	66	3	)	)	PUNCT
fbem-16429	66	4	(	(	PUNCT
fbem-16429	66	5	han	han	PROPN
fbem-16429	66	6	et	et	PROPN
fbem-16429	66	7	al	al	PROPN
fbem-16429	66	8	.	.	PROPN
fbem-16429	66	9	,	,	PUNCT
fbem-16429	66	10	2022	2022	NUM
fbem-16429	66	11	)	)	PUNCT
fbem-16429	66	12	used	use	VERB
fbem-16429	66	13	mispricing	misprice	VERB
fbem-16429	66	14	level	level	NOUN
fbem-16429	66	15	(	(	PUNCT
fbem-16429	66	16	misp	misp	NOUN
fbem-16429	66	17	)	)	PUNCT
fbem-16429	66	18	to	to	PART
fbem-16429	66	19	capture	capture	VERB
fbem-16429	66	20	the	the	DET
fbem-16429	66	21	average	average	ADJ
fbem-16429	66	22	deviation	deviation	NOUN
fbem-16429	66	23	of	of	ADP
fbem-16429	66	24	investors	investor	NOUN
fbem-16429	66	25	'	'	PART
fbem-16429	66	26	expectations	expectation	NOUN
fbem-16429	66	27	,	,	PUNCT
fbem-16429	66	28	and	and	CCONJ
fbem-16429	66	29	used	use	VERB
fbem-16429	66	30	the	the	DET
fbem-16429	66	31	average	average	ADJ
fbem-16429	66	32	turnover	turnover	NOUN
fbem-16429	66	33	rate	rate	NOUN
fbem-16429	66	34	of	of	ADP
fbem-16429	66	35	the	the	DET
fbem-16429	66	36	past	past	ADJ
fbem-16429	66	37	three	three	NUM
fbem-16429	66	38	months	month	NOUN
fbem-16429	66	39	to	to	PART
fbem-16429	66	40	capture	capture	VERB
fbem-16429	66	41	the	the	DET
fbem-16429	66	42	divergence	divergence	NOUN
fbem-16429	66	43	of	of	ADP
fbem-16429	66	44	investors	investor	NOUN
fbem-16429	66	45	'	'	PART
fbem-16429	66	46	beliefs	belief	NOUN
fbem-16429	66	47	.	.	PUNCT
fbem-16429	67	1	market	market	NOUN
fbem-16429	67	2	cap	cap	NOUN
fbem-16429	67	3	weighted	weight	VERB
fbem-16429	67	4	portfolios	portfolio	NOUN
fbem-16429	67	5	are	be	AUX
fbem-16429	67	6	constructed	construct	VERB
fbem-16429	67	7	by	by	ADP
fbem-16429	67	8	independent	independent	ADJ
fbem-16429	67	9	double	double	ADJ
fbem-16429	67	10	sorting	sorting	NOUN
fbem-16429	67	11	of	of	ADP
fbem-16429	67	12	mispricing	misprice	VERB
fbem-16429	67	13	levels	level	NOUN
fbem-16429	67	14	and	and	CCONJ
fbem-16429	67	15	volume	volume	NOUN
fbem-16429	67	16	.	.	PUNCT
fbem-16429	68	1	the	the	DET
fbem-16429	68	2	results	result	NOUN
fbem-16429	68	3	show	show	VERB
fbem-16429	68	4	that	that	SCONJ
fbem-16429	68	5	the	the	DET
fbem-16429	68	6	impact	impact	NOUN
fbem-16429	68	7	of	of	ADP
fbem-16429	68	8	trading	trading	NOUN
fbem-16429	68	9	volume	volume	NOUN
fbem-16429	68	10	on	on	ADP
fbem-16429	68	11	expected	expect	VERB
fbem-16429	68	12	returns	return	NOUN
fbem-16429	68	13	shows	show	VERB
fbem-16429	68	14	heterogeneity	heterogeneity	NOUN
fbem-16429	68	15	,	,	PUNCT
fbem-16429	68	16	and	and	CCONJ
fbem-16429	68	17	in	in	ADP
fbem-16429	68	18	undervalued	undervalued	ADJ
fbem-16429	68	19	stocks	stock	NOUN
fbem-16429	68	20	,	,	PUNCT
fbem-16429	68	21	trading	trading	NOUN
fbem-16429	68	22	volume	volume	NOUN
fbem-16429	68	23	is	be	AUX
fbem-16429	68	24	positively	positively	ADV
fbem-16429	68	25	related	relate	VERB
fbem-16429	68	26	to	to	ADP
fbem-16429	68	27	expected	expect	VERB
fbem-16429	68	28	returns	return	NOUN
fbem-16429	68	29	.	.	PUNCT
fbem-16429	69	1	in	in	ADP
fbem-16429	69	2	the	the	DET
fbem-16429	69	3	case	case	NOUN
fbem-16429	69	4	of	of	ADP
fbem-16429	69	5	overvalued	overvalued	ADJ
fbem-16429	69	6	stocks	stock	NOUN
fbem-16429	69	7	,	,	PUNCT
fbem-16429	69	8	the	the	DET
fbem-16429	69	9	correlation	correlation	NOUN
fbem-16429	69	10	is	be	AUX
fbem-16429	69	11	negative	negative	ADJ
fbem-16429	69	12	.	.	PUNCT
fbem-16429	70	1	3	3	X
fbem-16429	70	2	.	.	X
fbem-16429	70	3	data	datum	NOUN
fbem-16429	70	4	this	this	DET
fbem-16429	70	5	research	research	NOUN
fbem-16429	70	6	sample	sample	NOUN
fbem-16429	70	7	covers	cover	VERB
fbem-16429	70	8	all	all	DET
fbem-16429	70	9	a	a	DET
fbem-16429	70	10	-	-	PUNCT
fbem-16429	70	11	share	share	NOUN
fbem-16429	70	12	stocks	stock	NOUN
fbem-16429	70	13	excluding	exclude	VERB
fbem-16429	70	14	the	the	DET
fbem-16429	70	15	science	science	NOUN
fbem-16429	70	16	and	and	CCONJ
fbem-16429	70	17	technology	technology	NOUN
fbem-16429	70	18	innovation	innovation	NOUN
fbem-16429	70	19	board	board	NOUN
fbem-16429	70	20	(	(	PUNCT
fbem-16429	70	21	star	star	NOUN
fbem-16429	70	22	market	market	NOUN
fbem-16429	70	23	)	)	PUNCT
fbem-16429	70	24	,	,	PUNCT
fbem-16429	70	25	including	include	VERB
fbem-16429	70	26	stocks	stock	NOUN
fbem-16429	70	27	listed	list	VERB
fbem-16429	70	28	on	on	ADP
fbem-16429	70	29	the	the	DET
fbem-16429	70	30	main	main	ADJ
fbem-16429	70	31	boards	board	NOUN
fbem-16429	70	32	of	of	ADP
fbem-16429	70	33	the	the	DET
fbem-16429	70	34	shanghai	shanghai	PROPN
fbem-16429	70	35	stock	stock	PROPN
fbem-16429	70	36	exchange	exchange	PROPN
fbem-16429	70	37	,	,	PUNCT
fbem-16429	70	38	shenzhen	shenzhen	PROPN
fbem-16429	70	39	stock	stock	PROPN
fbem-16429	70	40	exchange	exchange	PROPN
fbem-16429	70	41	,	,	PUNCT
fbem-16429	70	42	chinext	chinext	NOUN
fbem-16429	70	43	,	,	PUNCT
fbem-16429	70	44	and	and	CCONJ
fbem-16429	70	45	the	the	DET
fbem-16429	70	46	small	small	ADJ
fbem-16429	70	47	and	and	CCONJ
fbem-16429	70	48	medium	medium	ADJ
fbem-16429	70	49	enterprise	enterprise	NOUN
fbem-16429	70	50	(	(	PUNCT
fbem-16429	70	51	sme	sme	NOUN
fbem-16429	70	52	)	)	PUNCT
fbem-16429	70	53	board	board	NOUN
fbem-16429	70	54	.	.	PUNCT
fbem-16429	71	1	in	in	ADP
fbem-16429	71	2	terms	term	NOUN
fbem-16429	71	3	of	of	ADP
fbem-16429	71	4	the	the	DET
fbem-16429	71	5	time	time	NOUN
fbem-16429	71	6	span	span	NOUN
fbem-16429	71	7	,	,	PUNCT
fbem-16429	71	8	the	the	DET
fbem-16429	71	9	sample	sample	NOUN
fbem-16429	71	10	period	period	NOUN
fbem-16429	71	11	starts	start	VERB
fbem-16429	71	12	from	from	ADP
fbem-16429	71	13	january	january	PROPN
fbem-16429	71	14	1	1	NUM
fbem-16429	71	15	,	,	PUNCT
fbem-16429	71	16	2000	2000	NUM
fbem-16429	71	17	,	,	PUNCT
fbem-16429	71	18	and	and	CCONJ
fbem-16429	71	19	ends	end	VERB
fbem-16429	71	20	on	on	ADP
fbem-16429	71	21	december	december	PROPN
fbem-16429	71	22	31	31	NUM
fbem-16429	71	23	,	,	PUNCT
fbem-16429	71	24	2022	2022	NUM
fbem-16429	71	25	.	.	PUNCT
fbem-16429	72	1	the	the	DET
fbem-16429	72	2	choice	choice	NOUN
fbem-16429	72	3	to	to	PART
fbem-16429	72	4	start	start	VERB
fbem-16429	72	5	from	from	ADP
fbem-16429	72	6	2000	2000	NUM
fbem-16429	72	7	has	have	VERB
fbem-16429	72	8	two	two	NUM
fbem-16429	72	9	main	main	ADJ
fbem-16429	72	10	reasons	reason	NOUN
fbem-16429	72	11	.	.	PUNCT
fbem-16429	73	1	firstly	firstly	ADV
fbem-16429	73	2	,	,	PUNCT
fbem-16429	73	3	accounting	accounting	NOUN
fbem-16429	73	4	standards	standard	NOUN
fbem-16429	73	5	gradually	gradually	ADV
fbem-16429	73	6	standardized	standardize	VERB
fbem-16429	73	7	and	and	CCONJ
fbem-16429	73	8	formed	form	VERB
fbem-16429	73	9	from	from	ADP
fbem-16429	73	10	1999	1999	NUM
fbem-16429	73	11	onwards	onwards	ADP
fbem-16429	73	12	,	,	PUNCT
fbem-16429	73	13	and	and	CCONJ
fbem-16429	73	14	starting	start	VERB
fbem-16429	73	15	from	from	ADP
fbem-16429	73	16	2000	2000	NUM
fbem-16429	73	17	ensures	ensure	VERB
fbem-16429	73	18	consistency	consistency	NOUN
fbem-16429	73	19	in	in	ADP
fbem-16429	73	20	financial	financial	ADJ
fbem-16429	73	21	reporting	reporting	NOUN
fbem-16429	73	22	.	.	PUNCT
fbem-16429	74	1	secondly	secondly	ADV
fbem-16429	74	2	,	,	PUNCT
fbem-16429	74	3	starting	start	VERB
fbem-16429	74	4	from	from	ADP
fbem-16429	74	5	january	january	PROPN
fbem-16429	74	6	1	1	NUM
fbem-16429	74	7	,	,	PUNCT
fbem-16429	74	8	2000	2000	NUM
fbem-16429	74	9	,	,	PUNCT
fbem-16429	74	10	aims	aim	VERB
fbem-16429	74	11	to	to	PART
fbem-16429	74	12	ensure	ensure	VERB
fbem-16429	74	13	an	an	DET
fbem-16429	74	14	ample	ample	ADJ
fbem-16429	74	15	number	number	NOUN
fbem-16429	74	16	of	of	ADP
fbem-16429	74	17	samples	sample	NOUN
fbem-16429	74	18	and	and	CCONJ
fbem-16429	74	19	prevent	prevent	VERB
fbem-16429	74	20	statistical	statistical	ADJ
fbem-16429	74	21	errors	error	NOUN
fbem-16429	74	22	due	due	ADP
fbem-16429	74	23	to	to	ADP
fbem-16429	74	24	too	too	ADV
fbem-16429	74	25	few	few	ADJ
fbem-16429	74	26	stocks	stock	NOUN
fbem-16429	74	27	or	or	CCONJ
fbem-16429	74	28	a	a	DET
fbem-16429	74	29	too	too	ADV
fbem-16429	74	30	short	short	ADJ
fbem-16429	74	31	sample	sample	NOUN
fbem-16429	74	32	period	period	NOUN
fbem-16429	74	33	.	.	PUNCT
fbem-16429	75	1	the	the	DET
fbem-16429	75	2	original	original	ADJ
fbem-16429	75	3	data	datum	NOUN
fbem-16429	75	4	will	will	AUX
fbem-16429	75	5	be	be	AUX
fbem-16429	75	6	filtered	filter	VERB
fbem-16429	75	7	based	base	VERB
fbem-16429	75	8	on	on	ADP
fbem-16429	75	9	the	the	DET
fbem-16429	75	10	following	follow	VERB
fbem-16429	75	11	principles	principle	NOUN
fbem-16429	75	12	:	:	PUNCT
fbem-16429	75	13	(	(	PUNCT
fbem-16429	75	14	1	1	X
fbem-16429	75	15	)	)	PUNCT
fbem-16429	75	16	excluding	exclude	VERB
fbem-16429	75	17	the	the	DET
fbem-16429	75	18	30	30	NUM
fbem-16429	75	19	%	%	NOUN
fbem-16429	75	20	stocks	stock	NOUN
fbem-16429	75	21	with	with	ADP
fbem-16429	75	22	the	the	DET
fbem-16429	75	23	smallest	small	ADJ
fbem-16429	75	24	market	market	NOUN
fbem-16429	75	25	value	value	NOUN
fbem-16429	75	26	,	,	PUNCT
fbem-16429	75	27	according	accord	VERB
fbem-16429	75	28	to	to	ADP
fbem-16429	75	29	the	the	DET
fbem-16429	75	30	research	research	NOUN
fbem-16429	75	31	of	of	ADP
fbem-16429	75	32	jianan	jianan	PROPN
fbem-16429	75	33	liu	liu	PROPN
fbem-16429	75	34	(	(	PUNCT
fbem-16429	75	35	2019	2019	NUM
fbem-16429	75	36	)	)	PUNCT
fbem-16429	75	37	(	(	PUNCT
fbem-16429	75	38	liu	liu	PROPN
fbem-16429	75	39	et	et	PROPN
fbem-16429	75	40	al	al	PROPN
fbem-16429	75	41	.	.	PROPN
fbem-16429	75	42	,	,	PUNCT
fbem-16429	75	43	2019	2019	NUM
fbem-16429	75	44	)	)	PUNCT
fbem-16429	75	45	,	,	PUNCT
fbem-16429	75	46	due	due	ADP
fbem-16429	75	47	to	to	ADP
fbem-16429	75	48	the	the	DET
fbem-16429	75	49	unique	unique	ADJ
fbem-16429	75	50	ipo	ipo	NOUN
fbem-16429	75	51	regulation	regulation	NOUN
fbem-16429	75	52	in	in	ADP
fbem-16429	75	53	the	the	DET
fbem-16429	75	54	chinese	chinese	ADJ
fbem-16429	75	55	market	market	NOUN
fbem-16429	75	56	,	,	PUNCT
fbem-16429	75	57	the	the	DET
fbem-16429	75	58	shell	shell	ADJ
fbem-16429	75	59	value	value	NOUN
fbem-16429	75	60	problem	problem	NOUN
fbem-16429	75	61	will	will	AUX
fbem-16429	75	62	be	be	AUX
fbem-16429	75	63	caused	cause	VERB
fbem-16429	75	64	,	,	PUNCT
fbem-16429	75	65	and	and	CCONJ
fbem-16429	75	66	the	the	DET
fbem-16429	75	67	30	30	NUM
fbem-16429	75	68	%	%	NOUN
fbem-16429	75	69	stocks	stock	NOUN
fbem-16429	75	70	with	with	ADP
fbem-16429	75	71	the	the	DET
fbem-16429	75	72	smallest	small	ADJ
fbem-16429	75	73	market	market	NOUN
fbem-16429	75	74	value	value	NOUN
fbem-16429	75	75	will	will	AUX
fbem-16429	75	76	be	be	AUX
fbem-16429	75	77	disturbed	disturb	VERB
fbem-16429	75	78	by	by	ADP
fbem-16429	75	79	the	the	DET
fbem-16429	75	80	13	13	NUM
fbem-16429	75	81	shell	shell	NOUN
fbem-16429	75	82	value	value	NOUN
fbem-16429	75	83	pollution	pollution	NOUN
fbem-16429	75	84	.	.	PUNCT
fbem-16429	76	1	as	as	ADP
fbem-16429	76	2	a	a	DET
fbem-16429	76	3	result	result	NOUN
fbem-16429	76	4	,	,	PUNCT
fbem-16429	76	5	the	the	DET
fbem-16429	76	6	pricing	pricing	NOUN
fbem-16429	76	7	model	model	NOUN
fbem-16429	76	8	can	can	AUX
fbem-16429	76	9	not	not	PART
fbem-16429	76	10	reflect	reflect	VERB
fbem-16429	76	11	the	the	DET
fbem-16429	76	12	difference	difference	NOUN
fbem-16429	76	13	in	in	ADP
fbem-16429	76	14	the	the	DET
fbem-16429	76	15	expected	expect	VERB
fbem-16429	76	16	return	return	NOUN
fbem-16429	76	17	rate	rate	NOUN
fbem-16429	76	18	of	of	ADP
fbem-16429	76	19	the	the	DET
fbem-16429	76	20	cross	cross	NOUN
fbem-16429	76	21	section	section	NOUN
fbem-16429	76	22	of	of	ADP
fbem-16429	76	23	stocks	stock	NOUN
fbem-16429	76	24	.	.	PUNCT
fbem-16429	77	1	therefore	therefore	ADV
fbem-16429	77	2	,	,	PUNCT
fbem-16429	77	3	in	in	ADP
fbem-16429	77	4	order	order	NOUN
fbem-16429	77	5	to	to	PART
fbem-16429	77	6	conduct	conduct	VERB
fbem-16429	77	7	in	in	ADP
fbem-16429	77	8	-	-	PUNCT
fbem-16429	77	9	depth	depth	NOUN
fbem-16429	77	10	research	research	NOUN
fbem-16429	77	11	on	on	ADP
fbem-16429	77	12	the	the	DET
fbem-16429	77	13	pricing	pricing	NOUN
fbem-16429	77	14	mechanism	mechanism	NOUN
fbem-16429	77	15	of	of	ADP
fbem-16429	77	16	a	a	DET
fbem-16429	77	17	-	-	PUNCT
fbem-16429	77	18	shares	share	NOUN
fbem-16429	77	19	,	,	PUNCT
fbem-16429	77	20	it	it	PRON
fbem-16429	77	21	is	be	AUX
fbem-16429	77	22	necessary	necessary	ADJ
fbem-16429	77	23	to	to	PART
fbem-16429	77	24	discard	discard	VERB
fbem-16429	77	25	the	the	DET
fbem-16429	77	26	smallest	small	ADJ
fbem-16429	77	27	30	30	NUM
fbem-16429	77	28	%	%	NOUN
fbem-16429	77	29	of	of	ADP
fbem-16429	77	30	companies	company	NOUN
fbem-16429	77	31	by	by	ADP
fbem-16429	77	32	market	market	NOUN
fbem-16429	77	33	capitalization	capitalization	NOUN
fbem-16429	77	34	.	.	PUNCT
fbem-16429	78	1	(	(	PUNCT
fbem-16429	78	2	2	2	X
fbem-16429	78	3	)	)	PUNCT
fbem-16429	78	4	excluding	exclude	VERB
fbem-16429	78	5	companies	company	NOUN
fbem-16429	78	6	with	with	ADP
fbem-16429	78	7	abnormal	abnormal	ADJ
fbem-16429	78	8	financial	financial	ADJ
fbem-16429	78	9	conditions	condition	NOUN
fbem-16429	78	10	during	during	ADP
fbem-16429	78	11	the	the	DET
fbem-16429	78	12	sample	sample	NOUN
fbem-16429	78	13	year	year	NOUN
fbem-16429	78	14	,	,	PUNCT
fbem-16429	78	15	including	include	VERB
fbem-16429	78	16	st	st	PROPN
fbem-16429	78	17	,	,	PUNCT
fbem-16429	78	18	*	*	PROPN
fbem-16429	78	19	st	st	PROPN
fbem-16429	78	20	stocks	stock	NOUN
fbem-16429	78	21	and	and	CCONJ
fbem-16429	78	22	pt	pt	X
fbem-16429	78	23	stocks	stock	NOUN
fbem-16429	78	24	.	.	PUNCT
fbem-16429	79	1	(	(	PUNCT
fbem-16429	79	2	3	3	X
fbem-16429	79	3	)	)	PUNCT
fbem-16429	79	4	excluding	exclude	VERB
fbem-16429	79	5	the	the	DET
fbem-16429	79	6	stock	stock	NOUN
fbem-16429	79	7	data	datum	NOUN
fbem-16429	79	8	in	in	ADP
fbem-16429	79	9	the	the	DET
fbem-16429	79	10	first	first	ADJ
fbem-16429	79	11	six	six	NUM
fbem-16429	79	12	months	month	NOUN
fbem-16429	79	13	after	after	ADP
fbem-16429	79	14	ipo	ipo	PROPN
fbem-16429	79	15	(	(	PUNCT
fbem-16429	79	16	including	include	VERB
fbem-16429	79	17	the	the	DET
fbem-16429	79	18	listing	listing	NOUN
fbem-16429	79	19	month	month	NOUN
fbem-16429	79	20	)	)	PUNCT
fbem-16429	79	21	,	,	PUNCT
fbem-16429	79	22	because	because	SCONJ
fbem-16429	79	23	listed	list	VERB
fbem-16429	79	24	companies	company	NOUN
fbem-16429	79	25	will	will	AUX
fbem-16429	79	26	be	be	AUX
fbem-16429	79	27	affected	affect	VERB
fbem-16429	79	28	by	by	ADP
fbem-16429	79	29	many	many	ADJ
fbem-16429	79	30	factors	factor	NOUN
fbem-16429	79	31	in	in	ADP
fbem-16429	79	32	the	the	DET
fbem-16429	79	33	six	six	NUM
fbem-16429	79	34	months	month	NOUN
fbem-16429	79	35	before	before	ADP
fbem-16429	79	36	ipo	ipo	NOUN
fbem-16429	79	37	,	,	PUNCT
fbem-16429	79	38	such	such	ADJ
fbem-16429	79	39	as	as	ADP
fbem-16429	79	40	ipo	ipo	NOUN
fbem-16429	79	41	underpricing	underpricing	NOUN
fbem-16429	79	42	,	,	PUNCT
fbem-16429	79	43	which	which	PRON
fbem-16429	79	44	leads	lead	VERB
fbem-16429	79	45	to	to	ADP
fbem-16429	79	46	a	a	DET
fbem-16429	79	47	serious	serious	ADJ
fbem-16429	79	48	deviation	deviation	NOUN
fbem-16429	79	49	of	of	ADP
fbem-16429	79	50	stock	stock	NOUN
fbem-16429	79	51	price	price	NOUN
fbem-16429	79	52	from	from	ADP
fbem-16429	79	53	the	the	DET
fbem-16429	79	54	actual	actual	ADJ
fbem-16429	79	55	value	value	NOUN
fbem-16429	79	56	.	.	PUNCT
fbem-16429	80	1	(	(	PUNCT
fbem-16429	80	2	4	4	X
fbem-16429	80	3	)	)	PUNCT
fbem-16429	80	4	eliminating	eliminate	VERB
fbem-16429	80	5	the	the	DET
fbem-16429	80	6	stocks	stock	NOUN
fbem-16429	80	7	with	with	ADP
fbem-16429	80	8	missing	miss	VERB
fbem-16429	80	9	data	datum	NOUN
fbem-16429	80	10	in	in	ADP
fbem-16429	80	11	the	the	DET
fbem-16429	80	12	sample	sample	NOUN
fbem-16429	80	13	interval	interval	NOUN
fbem-16429	80	14	.	.	PUNCT
fbem-16429	81	1	(	(	PUNCT
fbem-16429	81	2	5	5	X
fbem-16429	81	3	)	)	PUNCT
fbem-16429	81	4	winsorizing	winsorize	VERB
fbem-16429	81	5	the	the	DET
fbem-16429	81	6	extreme	extreme	ADJ
fbem-16429	81	7	values	value	NOUN
fbem-16429	81	8	of	of	ADP
fbem-16429	81	9	all	all	DET
fbem-16429	81	10	continuous	continuous	ADJ
fbem-16429	81	11	variables	variable	NOUN
fbem-16429	81	12	at	at	ADP
fbem-16429	81	13	1	1	NUM
fbem-16429	81	14	%	%	NOUN
fbem-16429	81	15	and	and	CCONJ
fbem-16429	81	16	99	99	NUM
fbem-16429	81	17	%	%	NOUN
fbem-16429	81	18	can	can	AUX
fbem-16429	81	19	eliminate	eliminate	VERB
fbem-16429	81	20	the	the	DET
fbem-16429	81	21	influence	influence	NOUN
fbem-16429	81	22	of	of	ADP
fbem-16429	81	23	extreme	extreme	ADJ
fbem-16429	81	24	outliers	outlier	NOUN
fbem-16429	81	25	on	on	ADP
fbem-16429	81	26	the	the	DET
fbem-16429	81	27	data	data	NOUN
fbem-16429	81	28	structure	structure	NOUN
fbem-16429	81	29	.	.	PUNCT
fbem-16429	82	1	(	(	PUNCT
fbem-16429	82	2	6	6	X
fbem-16429	82	3	)	)	PUNCT
fbem-16429	82	4	the	the	DET
fbem-16429	82	5	rate	rate	NOUN
fbem-16429	82	6	of	of	ADP
fbem-16429	82	7	return	return	NOUN
fbem-16429	82	8	is	be	AUX
fbem-16429	82	9	calculated	calculate	VERB
fbem-16429	82	10	by	by	ADP
fbem-16429	82	11	the	the	DET
fbem-16429	82	12	closing	closing	NOUN
fbem-16429	82	13	price	price	NOUN
fbem-16429	82	14	of	of	ADP
fbem-16429	82	15	the	the	DET
fbem-16429	82	16	post	post	NOUN
fbem-16429	82	17	-	-	NOUN
fbem-16429	82	18	option	option	NOUN
fbem-16429	82	19	.	.	PUNCT
fbem-16429	83	1	post	post	ADJ
fbem-16429	83	2	-	-	NOUN
fbem-16429	83	3	restoration	restoration	NOUN
fbem-16429	83	4	is	be	AUX
fbem-16429	83	5	to	to	PART
fbem-16429	83	6	ensure	ensure	VERB
fbem-16429	83	7	that	that	SCONJ
fbem-16429	83	8	the	the	DET
fbem-16429	83	9	historical	historical	ADJ
fbem-16429	83	10	price	price	NOUN
fbem-16429	83	11	remains	remain	VERB
fbem-16429	83	12	unchanged	unchanged	ADJ
fbem-16429	83	13	and	and	CCONJ
fbem-16429	83	14	adjust	adjust	VERB
fbem-16429	83	15	the	the	DET
fbem-16429	83	16	current	current	ADJ
fbem-16429	83	17	stock	stock	NOUN
fbem-16429	83	18	price	price	NOUN
fbem-16429	83	19	after	after	ADP
fbem-16429	83	20	each	each	DET
fbem-16429	83	21	stock	stock	NOUN
fbem-16429	83	22	equity	equity	NOUN
fbem-16429	83	23	change	change	NOUN
fbem-16429	83	24	event	event	NOUN
fbem-16429	83	25	,	,	PUNCT
fbem-16429	83	26	such	such	ADJ
fbem-16429	83	27	as	as	ADP
fbem-16429	83	28	stock	stock	NOUN
fbem-16429	83	29	dividends	dividend	NOUN
fbem-16429	83	30	.	.	PUNCT
fbem-16429	84	1	the	the	DET
fbem-16429	84	2	post	post	ADJ
fbem-16429	84	3	-	-	ADJ
fbem-16429	84	4	option	option	ADJ
fbem-16429	84	5	method	method	NOUN
fbem-16429	84	6	can	can	AUX
fbem-16429	84	7	truly	truly	ADV
fbem-16429	84	8	reflect	reflect	VERB
fbem-16429	84	9	the	the	DET
fbem-16429	84	10	rate	rate	NOUN
fbem-16429	84	11	of	of	ADP
fbem-16429	84	12	return	return	NOUN
fbem-16429	84	13	of	of	ADP
fbem-16429	84	14	investors	investor	NOUN
fbem-16429	84	15	.	.	PUNCT
fbem-16429	85	1	all	all	DET
fbem-16429	85	2	the	the	DET
fbem-16429	85	3	data	datum	NOUN
fbem-16429	85	4	in	in	ADP
fbem-16429	85	5	this	this	DET
fbem-16429	85	6	paper	paper	NOUN
fbem-16429	85	7	come	come	VERB
fbem-16429	85	8	from	from	ADP
fbem-16429	85	9	the	the	DET
fbem-16429	85	10	csmar	csmar	PROPN
fbem-16429	85	11	database	database	NOUN
fbem-16429	85	12	,	,	PUNCT
fbem-16429	85	13	and	and	CCONJ
fbem-16429	85	14	the	the	DET
fbem-16429	85	15	data	data	NOUN
fbem-16429	85	16	processing	processing	NOUN
fbem-16429	85	17	and	and	CCONJ
fbem-16429	85	18	analysis	analysis	NOUN
fbem-16429	85	19	are	be	AUX
fbem-16429	85	20	completed	complete	VERB
fbem-16429	85	21	by	by	ADP
fbem-16429	85	22	stata	stata	NOUN
fbem-16429	85	23	software	software	NOUN
fbem-16429	85	24	.	.	PUNCT
fbem-16429	86	1	4	4	X
fbem-16429	86	2	.	.	X
fbem-16429	86	3	empirical	empirical	ADJ
fbem-16429	86	4	results	result	NOUN
fbem-16429	86	5	in	in	ADP
fbem-16429	86	6	academic	academic	ADJ
fbem-16429	86	7	research	research	NOUN
fbem-16429	86	8	on	on	ADP
fbem-16429	86	9	market	market	NOUN
fbem-16429	86	10	anomalies	anomaly	NOUN
fbem-16429	86	11	,	,	PUNCT
fbem-16429	86	12	double	double	ADJ
fbem-16429	86	13	sorting	sorting	NOUN
fbem-16429	86	14	is	be	AUX
fbem-16429	86	15	one	one	NUM
fbem-16429	86	16	of	of	ADP
fbem-16429	86	17	the	the	DET
fbem-16429	86	18	most	most	ADV
fbem-16429	86	19	commonly	commonly	ADV
fbem-16429	86	20	used	use	VERB
fbem-16429	86	21	methods	method	NOUN
fbem-16429	86	22	.	.	PUNCT
fbem-16429	87	1	to	to	PART
fbem-16429	87	2	test	test	VERB
fbem-16429	87	3	whether	whether	SCONJ
fbem-16429	87	4	new	new	ADJ
fbem-16429	87	5	anomalies	anomaly	NOUN
fbem-16429	87	6	can	can	AUX
fbem-16429	87	7	achieve	achieve	VERB
fbem-16429	87	8	excess	excess	ADJ
fbem-16429	87	9	returns	return	NOUN
fbem-16429	87	10	,	,	PUNCT
fbem-16429	87	11	scholars	scholar	NOUN
fbem-16429	87	12	often	often	ADV
fbem-16429	87	13	use	use	VERB
fbem-16429	87	14	already	already	ADV
fbem-16429	87	15	researched	research	VERB
fbem-16429	87	16	factor	factor	NOUN
fbem-16429	87	17	variables	variable	NOUN
fbem-16429	87	18	and	and	CCONJ
fbem-16429	87	19	new	new	ADJ
fbem-16429	87	20	anomaly	anomaly	NOUN
fbem-16429	87	21	variables	variable	NOUN
fbem-16429	87	22	for	for	ADP
fbem-16429	87	23	double	double	ADJ
fbem-16429	87	24	sorting	sorting	NOUN
fbem-16429	87	25	,	,	PUNCT
fbem-16429	87	26	thereby	thereby	ADV
fbem-16429	87	27	eliminating	eliminate	VERB
fbem-16429	87	28	the	the	DET
fbem-16429	87	29	influence	influence	NOUN
fbem-16429	87	30	of	of	ADP
fbem-16429	87	31	existing	exist	VERB
fbem-16429	87	32	factors	factor	NOUN
fbem-16429	87	33	.	.	PUNCT
fbem-16429	88	1	this	this	DET
fbem-16429	88	2	paper	paper	NOUN
fbem-16429	88	3	forms	form	VERB
fbem-16429	88	4	5x5	5x5	NUM
fbem-16429	88	5	investment	investment	NOUN
fbem-16429	88	6	portfolios	portfolio	NOUN
fbem-16429	88	7	through	through	ADP
fbem-16429	88	8	the	the	DET
fbem-16429	88	9	double	double	ADJ
fbem-16429	88	10	sorting	sorting	NOUN
fbem-16429	88	11	of	of	ADP
fbem-16429	88	12	mispricing	misprice	VERB
fbem-16429	88	13	degree	degree	NOUN
fbem-16429	88	14	and	and	CCONJ
fbem-16429	88	15	trading	trading	NOUN
fbem-16429	88	16	volume	volume	NOUN
fbem-16429	88	17	,	,	PUNCT
fbem-16429	88	18	with	with	ADP
fbem-16429	88	19	a	a	DET
fbem-16429	88	20	monthly	monthly	ADJ
fbem-16429	88	21	rotation	rotation	NOUN
fbem-16429	88	22	of	of	ADP
fbem-16429	88	23	holdings	holding	NOUN
fbem-16429	88	24	for	for	ADP
fbem-16429	88	25	these	these	DET
fbem-16429	88	26	25	25	NUM
fbem-16429	88	27	portfolios	portfolio	NOUN
fbem-16429	88	28	,	,	PUNCT
fbem-16429	88	29	held	hold	VERB
fbem-16429	88	30	with	with	ADP
fbem-16429	88	31	market	market	NOUN
fbem-16429	88	32	value	value	NOUN
fbem-16429	88	33	weighting	weight	VERB
fbem-16429	88	34	for	for	ADP
fbem-16429	88	35	one	one	NUM
fbem-16429	88	36	month	month	NOUN
fbem-16429	88	37	.	.	PUNCT
fbem-16429	89	1	for	for	ADP
fbem-16429	89	2	further	further	ADJ
fbem-16429	89	3	investigation	investigation	NOUN
fbem-16429	89	4	,	,	PUNCT
fbem-16429	89	5	this	this	DET
fbem-16429	89	6	paper	paper	NOUN
fbem-16429	89	7	constructs	construct	VERB
fbem-16429	89	8	a	a	DET
fbem-16429	89	9	new	new	ADJ
fbem-16429	89	10	portfolio	portfolio	NOUN
fbem-16429	89	11	that	that	PRON
fbem-16429	89	12	buys	buy	VERB
fbem-16429	89	13	the	the	DET
fbem-16429	89	14	portfolio	portfolio	NOUN
fbem-16429	89	15	of	of	ADP
fbem-16429	89	16	stocks	stock	NOUN
fbem-16429	89	17	with	with	ADP
fbem-16429	89	18	the	the	DET
fbem-16429	89	19	highest	high	ADJ
fbem-16429	89	20	trading	trading	NOUN
fbem-16429	89	21	volume	volume	NOUN
fbem-16429	89	22	under	under	ADP
fbem-16429	89	23	the	the	DET
fbem-16429	89	24	same	same	ADJ
fbem-16429	89	25	mispricing	mispricing	NOUN
fbem-16429	89	26	degree	degree	NOUN
fbem-16429	89	27	(	(	PUNCT
fbem-16429	89	28	high	high	ADJ
fbem-16429	89	29	volume	volume	NOUN
fbem-16429	89	30	group	group	NOUN
fbem-16429	89	31	)	)	PUNCT
fbem-16429	89	32	and	and	CCONJ
fbem-16429	89	33	sells	sell	VERB
fbem-16429	89	34	the	the	DET
fbem-16429	89	35	portfolio	portfolio	NOUN
fbem-16429	89	36	of	of	ADP
fbem-16429	89	37	stocks	stock	NOUN
fbem-16429	89	38	with	with	ADP
fbem-16429	89	39	the	the	DET
fbem-16429	89	40	lowest	low	ADJ
fbem-16429	89	41	trading	trading	NOUN
fbem-16429	89	42	volume	volume	NOUN
fbem-16429	89	43	under	under	ADP
fbem-16429	89	44	the	the	DET
fbem-16429	89	45	same	same	ADJ
fbem-16429	89	46	mispricing	mispricing	NOUN
fbem-16429	89	47	degree	degree	NOUN
fbem-16429	89	48	(	(	PUNCT
fbem-16429	89	49	low	low	ADJ
fbem-16429	89	50	volume	volume	NOUN
fbem-16429	89	51	group	group	NOUN
fbem-16429	89	52	)	)	PUNCT
fbem-16429	89	53	,	,	PUNCT
fbem-16429	89	54	forming	form	VERB
fbem-16429	89	55	the	the	DET
fbem-16429	89	56	hl	hl	NOUN
fbem-16429	89	57	portfolio	portfolio	NOUN
fbem-16429	89	58	.	.	PUNCT
fbem-16429	90	1	table	table	NOUN
fbem-16429	90	2	1	1	NUM
fbem-16429	90	3	shows	show	VERB
fbem-16429	90	4	the	the	DET
fbem-16429	90	5	average	average	ADJ
fbem-16429	90	6	returns	return	NOUN
fbem-16429	90	7	for	for	ADP
fbem-16429	90	8	the	the	DET
fbem-16429	90	9	25	25	NUM
fbem-16429	90	10	mispricingtrading	mispricingtrading	NOUN
fbem-16429	90	11	volume	volume	NOUN
fbem-16429	90	12	investment	investment	NOUN
fbem-16429	90	13	portfolios	portfolio	NOUN
fbem-16429	90	14	for	for	ADP
fbem-16429	90	15	the	the	DET
fbem-16429	90	16	next	next	ADJ
fbem-16429	90	17	month	month	NOUN
fbem-16429	90	18	.	.	PUNCT
fbem-16429	91	1	the	the	DET
fbem-16429	91	2	results	result	NOUN
fbem-16429	91	3	reveal	reveal	VERB
fbem-16429	91	4	that	that	SCONJ
fbem-16429	91	5	among	among	ADP
fbem-16429	91	6	the	the	DET
fbem-16429	91	7	5	5	NUM
fbem-16429	91	8	portfolios	portfolio	NOUN
fbem-16429	91	9	of	of	ADP
fbem-16429	91	10	underpriced	underpriced	ADJ
fbem-16429	91	11	stocks	stock	NOUN
fbem-16429	91	12	,	,	PUNCT
fbem-16429	91	13	as	as	ADP
fbem-16429	91	14	trading	trading	NOUN
fbem-16429	91	15	volume	volume	NOUN
fbem-16429	91	16	increases	increase	NOUN
fbem-16429	91	17	,	,	PUNCT
fbem-16429	91	18	the	the	DET
fbem-16429	91	19	average	average	ADJ
fbem-16429	91	20	return	return	NOUN
fbem-16429	91	21	also	also	ADV
fbem-16429	91	22	increases	increase	VERB
fbem-16429	91	23	,	,	PUNCT
fbem-16429	91	24	ranging	range	VERB
fbem-16429	91	25	from	from	ADP
fbem-16429	91	26	0.82	0.82	NUM
fbem-16429	91	27	%	%	NOUN
fbem-16429	91	28	for	for	ADP
fbem-16429	91	29	the	the	DET
fbem-16429	91	30	low	low	ADJ
fbem-16429	91	31	trading	trading	NOUN
fbem-16429	91	32	volume	volume	NOUN
fbem-16429	91	33	portfolio	portfolio	NOUN
fbem-16429	91	34	to	to	ADP
fbem-16429	91	35	1.65	1.65	NUM
fbem-16429	91	36	%	%	NOUN
fbem-16429	91	37	for	for	ADP
fbem-16429	91	38	the	the	DET
fbem-16429	91	39	high	high	ADJ
fbem-16429	91	40	trading	trading	NOUN
fbem-16429	91	41	volume	volume	NOUN
fbem-16429	91	42	portfolio	portfolio	NOUN
fbem-16429	91	43	,	,	PUNCT
fbem-16429	91	44	with	with	ADP
fbem-16429	91	45	an	an	DET
fbem-16429	91	46	average	average	ADJ
fbem-16429	91	47	return	return	NOUN
fbem-16429	91	48	of	of	ADP
fbem-16429	91	49	0.83	0.83	NUM
fbem-16429	91	50	%	%	NOUN
fbem-16429	91	51	for	for	ADP
fbem-16429	91	52	the	the	DET
fbem-16429	91	53	h	h	NOUN
fbem-16429	91	54	-	-	PUNCT
fbem-16429	91	55	l	l	NOUN
fbem-16429	91	56	portfolio	portfolio	NOUN
fbem-16429	91	57	(	(	PUNCT
fbem-16429	91	58	t=1.71	t=1.71	PROPN
fbem-16429	91	59	)	)	PUNCT
fbem-16429	91	60	.	.	PUNCT
fbem-16429	92	1	similarly	similarly	ADV
fbem-16429	92	2	,	,	PUNCT
fbem-16429	92	3	for	for	ADP
fbem-16429	92	4	the	the	DET
fbem-16429	92	5	5	5	NUM
fbem-16429	92	6	portfolios	portfolio	NOUN
fbem-16429	92	7	of	of	ADP
fbem-16429	92	8	overpriced	overpriced	ADJ
fbem-16429	92	9	stocks	stock	NOUN
fbem-16429	92	10	,	,	PUNCT
fbem-16429	92	11	as	as	ADP
fbem-16429	92	12	trading	trading	NOUN
fbem-16429	92	13	volume	volume	NOUN
fbem-16429	92	14	increases	increase	NOUN
fbem-16429	92	15	,	,	PUNCT
fbem-16429	92	16	the	the	DET
fbem-16429	92	17	average	average	ADJ
fbem-16429	92	18	return	return	NOUN
fbem-16429	92	19	decreases	decrease	VERB
fbem-16429	92	20	continuously	continuously	ADV
fbem-16429	92	21	,	,	PUNCT
fbem-16429	92	22	from	from	ADP
fbem-16429	92	23	0.12	0.12	NUM
fbem-16429	92	24	%	%	NOUN
fbem-16429	92	25	for	for	ADP
fbem-16429	92	26	the	the	DET
fbem-16429	92	27	low	low	ADJ
fbem-16429	92	28	trading	trading	NOUN
fbem-16429	92	29	volume	volume	NOUN
fbem-16429	92	30	portfolio	portfolio	NOUN
fbem-16429	92	31	to	to	ADP
fbem-16429	92	32	-0.65	-0.65	NUM
fbem-16429	92	33	%	%	NOUN
fbem-16429	92	34	for	for	ADP
fbem-16429	92	35	the	the	DET
fbem-16429	92	36	high	high	ADJ
fbem-16429	92	37	trading	trading	NOUN
fbem-16429	92	38	volume	volume	NOUN
fbem-16429	92	39	portfolio	portfolio	NOUN
fbem-16429	92	40	,	,	PUNCT
fbem-16429	92	41	with	with	ADP
fbem-16429	92	42	an	an	DET
fbem-16429	92	43	average	average	ADJ
fbem-16429	92	44	return	return	NOUN
fbem-16429	92	45	of	of	ADP
fbem-16429	92	46	-0.77	-0.77	NOUN
fbem-16429	92	47	%	%	NOUN
fbem-16429	92	48	for	for	ADP
fbem-16429	92	49	the	the	DET
fbem-16429	92	50	h	h	NOUN
fbem-16429	92	51	-	-	PUNCT
fbem-16429	92	52	l	l	NOUN
fbem-16429	92	53	portfolio	portfolio	NOUN
fbem-16429	92	54	(	(	PUNCT
fbem-16429	92	55	t=-1.88	t=-1.88	NUM
fbem-16429	92	56	)	)	PUNCT
fbem-16429	92	57	.	.	PUNCT
fbem-16429	93	1	for	for	ADP
fbem-16429	93	2	portfolios	portfolio	NOUN
fbem-16429	93	3	with	with	ADP
fbem-16429	93	4	a	a	DET
fbem-16429	93	5	moderate	moderate	ADJ
fbem-16429	93	6	mispricing	mispricing	NOUN
fbem-16429	93	7	degree	degree	NOUN
fbem-16429	93	8	,	,	PUNCT
fbem-16429	93	9	although	although	SCONJ
fbem-16429	93	10	the	the	DET
fbem-16429	93	11	average	average	ADJ
fbem-16429	93	12	return	return	NOUN
fbem-16429	93	13	of	of	ADP
fbem-16429	93	14	their	their	PRON
fbem-16429	93	15	h	h	NOUN
fbem-16429	93	16	-	-	PUNCT
fbem-16429	93	17	l	l	NOUN
fbem-16429	93	18	portfolio	portfolio	NOUN
fbem-16429	93	19	is	be	AUX
fbem-16429	93	20	not	not	PART
fbem-16429	93	21	zero	zero	NUM
fbem-16429	93	22	,	,	PUNCT
fbem-16429	93	23	it	it	PRON
fbem-16429	93	24	is	be	AUX
fbem-16429	93	25	not	not	PART
fbem-16429	93	26	significant	significant	ADJ
fbem-16429	93	27	.	.	PUNCT
fbem-16429	94	1	therefore	therefore	ADV
fbem-16429	94	2	,	,	PUNCT
fbem-16429	94	3	in	in	ADP
fbem-16429	94	4	underpriced	underpriced	ADJ
fbem-16429	94	5	stock	stock	NOUN
fbem-16429	94	6	portfolios	portfolio	NOUN
fbem-16429	94	7	,	,	PUNCT
fbem-16429	94	8	as	as	ADP
fbem-16429	94	9	trading	trading	NOUN
fbem-16429	94	10	volume	volume	NOUN
fbem-16429	94	11	increases	increase	NOUN
fbem-16429	94	12	,	,	PUNCT
fbem-16429	94	13	the	the	DET
fbem-16429	94	14	expected	expect	VERB
fbem-16429	94	15	stock	stock	NOUN
fbem-16429	94	16	returns	return	NOUN
fbem-16429	94	17	also	also	ADV
fbem-16429	94	18	increase	increase	VERB
fbem-16429	94	19	,	,	PUNCT
fbem-16429	94	20	while	while	SCONJ
fbem-16429	94	21	in	in	ADP
fbem-16429	94	22	overpriced	overpriced	ADJ
fbem-16429	94	23	stock	stock	NOUN
fbem-16429	94	24	portfolios	portfolio	NOUN
fbem-16429	94	25	,	,	PUNCT
fbem-16429	94	26	the	the	DET
fbem-16429	94	27	expected	expect	VERB
fbem-16429	94	28	stock	stock	NOUN
fbem-16429	94	29	returns	return	NOUN
fbem-16429	94	30	decrease	decrease	VERB
fbem-16429	94	31	with	with	ADP
fbem-16429	94	32	the	the	DET
fbem-16429	94	33	increase	increase	NOUN
fbem-16429	94	34	in	in	ADP
fbem-16429	94	35	trading	trading	NOUN
fbem-16429	94	36	volume	volume	NOUN
fbem-16429	94	37	.	.	PUNCT
fbem-16429	95	1	table	table	NOUN
fbem-16429	95	2	1	1	NUM
fbem-16429	95	3	.	.	PUNCT
fbem-16429	96	1	average	average	ADJ
fbem-16429	96	2	returns	return	NOUN
fbem-16429	96	3	of	of	ADP
fbem-16429	96	4	5x5	5x5	NUM
fbem-16429	96	5	investment	investment	NOUN
fbem-16429	96	6	portfolios	portfolio	NOUN
fbem-16429	96	7	low	low	ADJ
fbem-16429	96	8	volume	volume	NOUN
fbem-16429	96	9	2	2	NUM
fbem-16429	96	10	3	3	NUM
fbem-16429	96	11	4	4	NUM
fbem-16429	96	12	high	high	ADJ
fbem-16429	96	13	volume	volume	NOUN
fbem-16429	96	14	h	h	NOUN
fbem-16429	96	15	-	-	PUNCT
fbem-16429	96	16	l	l	NOUN
fbem-16429	96	17	underpriced	underpriced	ADJ
fbem-16429	96	18	0.82	0.82	NUM
fbem-16429	96	19	1.23	1.23	NUM
fbem-16429	96	20	1.48	1.48	NUM
fbem-16429	96	21	1.53	1.53	NUM
fbem-16429	96	22	1.65	1.65	NUM
fbem-16429	96	23	0.83(1.71	0.83(1.71	NOUN
fbem-16429	96	24	)	)	PUNCT
fbem-16429	96	25	2	2	NUM
fbem-16429	96	26	0.85	0.85	NUM
fbem-16429	96	27	1.02	1.02	NUM
fbem-16429	96	28	1.2	1.2	NUM
fbem-16429	96	29	1.29	1.29	NUM
fbem-16429	96	30	1.44	1.44	NUM
fbem-16429	96	31	0.59(1.23	0.59(1.23	NOUN
fbem-16429	96	32	)	)	PUNCT
fbem-16429	96	33	3	3	NUM
fbem-16429	96	34	0.47	0.47	NUM
fbem-16429	96	35	0.52	0.52	NUM
fbem-16429	96	36	1.12	1.12	NUM
fbem-16429	96	37	0.91	0.91	NUM
fbem-16429	96	38	1.12	1.12	NUM
fbem-16429	96	39	0.65(0.78	0.65(0.78	NUM
fbem-16429	96	40	)	)	PUNCT
fbem-16429	96	41	4	4	NUM
fbem-16429	96	42	0.22	0.22	NUM
fbem-16429	96	43	0.13	0.13	NUM
fbem-16429	96	44	0.09	0.09	NUM
fbem-16429	96	45	-0.27	-0.27	NUM
fbem-16429	96	46	-0.38	-0.38	CCONJ
fbem-16429	96	47	-0.60(-0.79	-0.60(-0.79	NOUN
fbem-16429	96	48	)	)	PUNCT
fbem-16429	96	49	overpriced	overprice	VERB
fbem-16429	96	50	0.12	0.12	NUM
fbem-16429	96	51	0.13	0.13	NUM
fbem-16429	96	52	0.02	0.02	NUM
fbem-16429	96	53	-0.15	-0.15	NUM
fbem-16429	96	54	-0.65	-0.65	NUM
fbem-16429	96	55	-0.77(-1.88	-0.77(-1.88	PROPN
fbem-16429	96	56	)	)	PUNCT
fbem-16429	96	57	umo	umo	NOUN
fbem-16429	96	58	0.70	0.70	NUM
fbem-16429	96	59	1.10	1.10	NUM
fbem-16429	96	60	1.46	1.46	NUM
fbem-16429	96	61	1.68	1.68	NUM
fbem-16429	96	62	2.30	2.30	NUM
fbem-16429	96	63	1.6(2.90	1.6(2.90	NUM
fbem-16429	96	64	)	)	PUNCT
fbem-16429	96	65	(	(	PUNCT
fbem-16429	96	66	1.88	1.88	NUM
fbem-16429	96	67	)	)	PUNCT
fbem-16429	96	68	(	(	PUNCT
fbem-16429	96	69	1.91	1.91	NUM
fbem-16429	96	70	)	)	PUNCT
fbem-16429	96	71	(	(	PUNCT
fbem-16429	96	72	2.62	2.62	NUM
fbem-16429	96	73	)	)	PUNCT
fbem-16429	96	74	(	(	PUNCT
fbem-16429	96	75	3.45	3.45	NUM
fbem-16429	96	76	)	)	PUNCT
fbem-16429	96	77	(	(	PUNCT
fbem-16429	96	78	3.48	3.48	NUM
fbem-16429	96	79	)	)	PUNCT
fbem-16429	96	80	based	base	VERB
fbem-16429	96	81	on	on	ADP
fbem-16429	96	82	the	the	DET
fbem-16429	96	83	results	result	NOUN
fbem-16429	96	84	in	in	ADP
fbem-16429	96	85	the	the	DET
fbem-16429	96	86	table	table	NOUN
fbem-16429	96	87	above	above	ADV
fbem-16429	96	88	,	,	PUNCT
fbem-16429	96	89	this	this	DET
fbem-16429	96	90	study	study	NOUN
fbem-16429	96	91	constructs	construct	VERB
fbem-16429	96	92	a	a	DET
fbem-16429	96	93	new	new	ADJ
fbem-16429	96	94	investment	investment	NOUN
fbem-16429	96	95	portfolio	portfolio	NOUN
fbem-16429	96	96	.	.	PUNCT
fbem-16429	97	1	the	the	DET
fbem-16429	97	2	portfolio	portfolio	NOUN
fbem-16429	97	3	buys	buy	VERB
fbem-16429	97	4	stocks	stock	NOUN
fbem-16429	97	5	from	from	ADP
fbem-16429	97	6	the	the	DET
fbem-16429	97	7	most	most	ADV
fbem-16429	97	8	underpriced	underpriced	ADJ
fbem-16429	97	9	group	group	NOUN
fbem-16429	97	10	at	at	ADP
fbem-16429	97	11	the	the	DET
fbem-16429	97	12	same	same	ADJ
fbem-16429	97	13	trading	trading	NOUN
fbem-16429	97	14	volume	volume	NOUN
fbem-16429	97	15	level	level	NOUN
fbem-16429	97	16	(	(	PUNCT
fbem-16429	97	17	underpriced	underpriced	ADJ
fbem-16429	97	18	group	group	NOUN
fbem-16429	97	19	)	)	PUNCT
fbem-16429	97	20	and	and	CCONJ
fbem-16429	97	21	sells	sell	VERB
fbem-16429	97	22	stocks	stock	NOUN
fbem-16429	97	23	from	from	ADP
fbem-16429	97	24	the	the	DET
fbem-16429	97	25	most	most	ADV
fbem-16429	97	26	overpriced	overpriced	ADJ
fbem-16429	97	27	group	group	NOUN
fbem-16429	97	28	at	at	ADP
fbem-16429	97	29	the	the	DET
fbem-16429	97	30	same	same	ADJ
fbem-16429	97	31	trading	trading	NOUN
fbem-16429	97	32	volume	volume	NOUN
fbem-16429	97	33	level	level	NOUN
fbem-16429	97	34	(	(	PUNCT
fbem-16429	97	35	overpriced	overpriced	ADJ
fbem-16429	97	36	group	group	NOUN
fbem-16429	97	37	)	)	PUNCT
fbem-16429	97	38	,	,	PUNCT
fbem-16429	97	39	forming	form	VERB
fbem-16429	97	40	the	the	DET
fbem-16429	97	41	umo	umo	NOUN
fbem-16429	97	42	(	(	PUNCT
fbem-16429	97	43	underpriced	underpriced	ADJ
fbem-16429	97	44	minus	minus	CCONJ
fbem-16429	97	45	overpriced	overpriced	ADJ
fbem-16429	97	46	)	)	PUNCT
fbem-16429	97	47	portfolio	portfolio	NOUN
fbem-16429	97	48	.	.	PUNCT
fbem-16429	98	1	since	since	SCONJ
fbem-16429	98	2	mispricing	misprice	VERB
fbem-16429	98	3	has	have	VERB
fbem-16429	98	4	predictive	predictive	ADJ
fbem-16429	98	5	power	power	NOUN
fbem-16429	98	6	for	for	ADP
fbem-16429	98	7	expected	expect	VERB
fbem-16429	98	8	returns	return	NOUN
fbem-16429	98	9	,	,	PUNCT
fbem-16429	98	10	the	the	DET
fbem-16429	98	11	return	return	NOUN
fbem-16429	98	12	of	of	ADP
fbem-16429	98	13	the	the	DET
fbem-16429	98	14	umo	umo	NOUN
fbem-16429	98	15	portfolio	portfolio	NOUN
fbem-16429	98	16	,	,	PUNCT
fbem-16429	98	17	representing	represent	VERB
fbem-16429	98	18	the	the	DET
fbem-16429	98	19	difference	difference	NOUN
fbem-16429	98	20	between	between	ADP
fbem-16429	98	21	underpricing	underprice	VERB
fbem-16429	98	22	and	and	CCONJ
fbem-16429	98	23	overpricing	overprice	VERB
fbem-16429	98	24	stocks	stock	NOUN
fbem-16429	98	25	,	,	PUNCT
fbem-16429	98	26	can	can	AUX
fbem-16429	98	27	be	be	AUX
fbem-16429	98	28	considered	consider	VERB
fbem-16429	98	29	as	as	ADP
fbem-16429	98	30	a	a	DET
fbem-16429	98	31	measure	measure	NOUN
fbem-16429	98	32	of	of	ADP
fbem-16429	98	33	the	the	DET
fbem-16429	98	34	predictive	predictive	ADJ
fbem-16429	98	35	ability	ability	NOUN
fbem-16429	98	36	of	of	ADP
fbem-16429	98	37	mispricing	misprice	VERB
fbem-16429	98	38	for	for	ADP
fbem-16429	98	39	future	future	ADJ
fbem-16429	98	40	returns	return	NOUN
fbem-16429	98	41	.	.	PUNCT
fbem-16429	99	1	observing	observe	VERB
fbem-16429	99	2	the	the	DET
fbem-16429	99	3	performance	performance	NOUN
fbem-16429	99	4	of	of	ADP
fbem-16429	99	5	the	the	DET
fbem-16429	99	6	umo	umo	NOUN
fbem-16429	99	7	portfolio	portfolio	NOUN
fbem-16429	99	8	,	,	PUNCT
fbem-16429	99	9	the	the	DET
fbem-16429	99	10	difference	difference	NOUN
fbem-16429	99	11	in	in	ADP
fbem-16429	99	12	the	the	DET
fbem-16429	99	13	low	low	ADJ
fbem-16429	99	14	volume	volume	NOUN
fbem-16429	99	15	group	group	NOUN
fbem-16429	99	16	is	be	AUX
fbem-16429	99	17	0.70	0.70	NUM
fbem-16429	99	18	(	(	PUNCT
fbem-16429	99	19	t=1.88	t=1.88	NUM
fbem-16429	99	20	)	)	PUNCT
fbem-16429	99	21	,	,	PUNCT
fbem-16429	99	22	and	and	CCONJ
fbem-16429	99	23	in	in	ADP
fbem-16429	99	24	the	the	DET
fbem-16429	99	25	high	high	ADJ
fbem-16429	99	26	volume	volume	NOUN
fbem-16429	99	27	group	group	NOUN
fbem-16429	99	28	,	,	PUNCT
fbem-16429	99	29	the	the	DET
fbem-16429	99	30	difference	difference	NOUN
fbem-16429	99	31	is	be	AUX
fbem-16429	99	32	2.30	2.30	NUM
fbem-16429	99	33	%	%	NOUN
fbem-16429	99	34	(	(	PUNCT
fbem-16429	99	35	t=3.48	t=3.48	NOUN
fbem-16429	99	36	)	)	PUNCT
fbem-16429	99	37	.	.	PUNCT
fbem-16429	100	1	in	in	ADP
fbem-16429	100	2	the	the	DET
fbem-16429	100	3	umo	umo	NOUN
fbem-16429	100	4	portfolio	portfolio	NOUN
fbem-16429	100	5	,	,	PUNCT
fbem-16429	100	6	as	as	ADP
fbem-16429	100	7	trading	trading	NOUN
fbem-16429	100	8	volume	volume	NOUN
fbem-16429	100	9	increases	increase	NOUN
fbem-16429	100	10	,	,	PUNCT
fbem-16429	100	11	the	the	DET
fbem-16429	100	12	expected	expect	VERB
fbem-16429	100	13	return	return	NOUN
fbem-16429	100	14	also	also	ADV
fbem-16429	100	15	increases	increase	VERB
fbem-16429	100	16	.	.	PUNCT
fbem-16429	101	1	the	the	DET
fbem-16429	101	2	corresponding	corresponding	ADJ
fbem-16429	101	3	value	value	NOUN
fbem-16429	101	4	in	in	ADP
fbem-16429	101	5	the	the	DET
fbem-16429	101	6	h	h	NOUN
fbem-16429	101	7	-	-	PUNCT
fbem-16429	101	8	l	l	NOUN
fbem-16429	101	9	column	column	NOUN
fbem-16429	101	10	is	be	AUX
fbem-16429	101	11	1.60	1.60	NUM
fbem-16429	101	12	%	%	NOUN
fbem-16429	101	13	(	(	PUNCT
fbem-16429	101	14	t=2.90	t=2.90	NOUN
fbem-16429	101	15	)	)	PUNCT
fbem-16429	101	16	,	,	PUNCT
fbem-16429	101	17	and	and	CCONJ
fbem-16429	101	18	the	the	DET
fbem-16429	101	19	result	result	NOUN
fbem-16429	101	20	is	be	AUX
fbem-16429	101	21	significant	significant	ADJ
fbem-16429	101	22	.	.	PUNCT
fbem-16429	102	1	this	this	PRON
fbem-16429	102	2	suggests	suggest	VERB
fbem-16429	102	3	that	that	SCONJ
fbem-16429	102	4	trading	trading	NOUN
fbem-16429	102	5	volume	volume	NOUN
fbem-16429	102	6	plays	play	VERB
fbem-16429	102	7	a	a	DET
fbem-16429	102	8	significant	significant	ADJ
fbem-16429	102	9	amplifying	amplifying	ADJ
fbem-16429	102	10	role	role	NOUN
fbem-16429	102	11	in	in	ADP
fbem-16429	102	12	the	the	DET
fbem-16429	102	13	relationship	relationship	NOUN
fbem-16429	102	14	between	between	ADP
fbem-16429	102	15	mispricing	misprice	VERB
fbem-16429	102	16	and	and	CCONJ
fbem-16429	102	17	expected	expect	VERB
fbem-16429	102	18	returns	return	NOUN
fbem-16429	102	19	.	.	PUNCT
fbem-16429	103	1	as	as	ADP
fbem-16429	103	2	trading	trading	NOUN
fbem-16429	103	3	volume	volume	NOUN
fbem-16429	103	4	increases	increase	NOUN
fbem-16429	103	5	,	,	PUNCT
fbem-16429	103	6	the	the	DET
fbem-16429	103	7	predictive	predictive	ADJ
fbem-16429	103	8	ability	ability	NOUN
fbem-16429	103	9	of	of	ADP
fbem-16429	103	10	mispricing	misprice	VERB
fbem-16429	103	11	for	for	ADP
fbem-16429	103	12	future	future	ADJ
fbem-16429	103	13	returns	return	NOUN
fbem-16429	103	14	gradually	gradually	ADV
fbem-16429	103	15	strengthens	strengthen	VERB
fbem-16429	103	16	.	.	PUNCT
fbem-16429	104	1	to	to	PART
fbem-16429	104	2	study	study	VERB
fbem-16429	104	3	the	the	DET
fbem-16429	104	4	duration	duration	NOUN
fbem-16429	104	5	of	of	ADP
fbem-16429	104	6	the	the	DET
fbem-16429	104	7	volume	volume	NOUN
fbem-16429	104	8	adjustment	adjustment	NOUN
fbem-16429	104	9	effect	effect	NOUN
fbem-16429	104	10	,	,	PUNCT
fbem-16429	104	11	table	table	NOUN
fbem-16429	104	12	2	2	NUM
fbem-16429	104	13	presents	present	VERB
fbem-16429	104	14	the	the	DET
fbem-16429	104	15	average	average	ADJ
fbem-16429	104	16	return	return	NOUN
fbem-16429	104	17	of	of	ADP
fbem-16429	104	18	the	the	DET
fbem-16429	104	19	25	25	NUM
fbem-16429	104	20	portfolios	portfolio	NOUN
fbem-16429	104	21	based	base	VERB
fbem-16429	104	22	on	on	ADP
fbem-16429	104	23	mispricing	misprice	VERB
fbem-16429	104	24	and	and	CCONJ
fbem-16429	104	25	volume	volume	NOUN
fbem-16429	104	26	over	over	ADP
fbem-16429	104	27	the	the	DET
fbem-16429	104	28	next	next	ADJ
fbem-16429	104	29	3	3	NUM
fbem-16429	104	30	months	month	NOUN
fbem-16429	104	31	,	,	PUNCT
fbem-16429	104	32	6	6	NUM
fbem-16429	104	33	months	month	NOUN
fbem-16429	104	34	,	,	PUNCT
fbem-16429	104	35	12	12	NUM
fbem-16429	104	36	months	month	NOUN
fbem-16429	104	37	,	,	PUNCT
fbem-16429	104	38	24	24	NUM
fbem-16429	104	39	months	month	NOUN
fbem-16429	104	40	,	,	PUNCT
fbem-16429	104	41	and	and	CCONJ
fbem-16429	104	42	36	36	NUM
fbem-16429	104	43	months	month	NOUN
fbem-16429	104	44	.	.	PUNCT
fbem-16429	105	1	table	table	NOUN
fbem-16429	105	2	2	2	NUM
fbem-16429	105	3	,	,	PUNCT
fbem-16429	105	4	group	group	NOUN
fbem-16429	105	5	a	a	NOUN
fbem-16429	105	6	,	,	PUNCT
fbem-16429	105	7	provides	provide	VERB
fbem-16429	105	8	the	the	DET
fbem-16429	105	9	average	average	ADJ
fbem-16429	105	10	return	return	NOUN
fbem-16429	105	11	of	of	ADP
fbem-16429	105	12	the	the	DET
fbem-16429	105	13	portfolios	portfolio	NOUN
fbem-16429	105	14	for	for	ADP
fbem-16429	105	15	the	the	DET
fbem-16429	105	16	next	next	ADJ
fbem-16429	105	17	3	3	NUM
fbem-16429	105	18	months	month	NOUN
fbem-16429	105	19	.	.	PUNCT
fbem-16429	106	1	the	the	DET
fbem-16429	106	2	umo	umo	PROPN
fbem-16429	106	3	portfolio	portfolio	NOUN
fbem-16429	106	4	's	's	PART
fbem-16429	106	5	return	return	NOUN
fbem-16429	106	6	increases	increase	NOUN
fbem-16429	106	7	from	from	ADP
fbem-16429	106	8	0.20	0.20	NUM
fbem-16429	106	9	%	%	NOUN
fbem-16429	106	10	(	(	PUNCT
fbem-16429	106	11	t=2.69	t=2.69	NOUN
fbem-16429	106	12	)	)	PUNCT
fbem-16429	106	13	for	for	ADP
fbem-16429	106	14	low	low	ADJ
fbem-16429	106	15	-	-	PUNCT
fbem-16429	106	16	volume	volume	NOUN
fbem-16429	106	17	portfolios	portfolio	NOUN
fbem-16429	106	18	to	to	ADP
fbem-16429	106	19	0.78	0.78	NUM
fbem-16429	106	20	%	%	NOUN
fbem-16429	106	21	(	(	PUNCT
fbem-16429	106	22	t=4.86	t=4.86	NOUN
fbem-16429	106	23	)	)	PUNCT
fbem-16429	106	24	for	for	ADP
fbem-16429	106	25	high	high	ADJ
fbem-16429	106	26	-	-	PUNCT
fbem-16429	106	27	volume	volume	NOUN
fbem-16429	106	28	portfolios	portfolio	NOUN
fbem-16429	106	29	,	,	PUNCT
fbem-16429	106	30	with	with	ADP
fbem-16429	106	31	an	an	DET
fbem-16429	106	32	h	h	NOUN
fbem-16429	106	33	-	-	PUNCT
fbem-16429	106	34	l	l	NOUN
fbem-16429	106	35	portfolio	portfolio	NOUN
fbem-16429	106	36	return	return	NOUN
fbem-16429	106	37	of	of	ADP
fbem-16429	106	38	0.58	0.58	NUM
fbem-16429	106	39	(	(	PUNCT
fbem-16429	106	40	t=3.65	t=3.65	ADJ
fbem-16429	106	41	)	)	PUNCT
fbem-16429	106	42	.	.	PUNCT
fbem-16429	107	1	group	group	PROPN
fbem-16429	107	2	b	b	PROPN
fbem-16429	107	3	gives	give	VERB
fbem-16429	107	4	the	the	DET
fbem-16429	107	5	average	average	ADJ
fbem-16429	107	6	return	return	NOUN
fbem-16429	107	7	of	of	ADP
fbem-16429	107	8	the	the	DET
fbem-16429	107	9	portfolios	portfolio	NOUN
fbem-16429	107	10	for	for	ADP
fbem-16429	107	11	the	the	DET
fbem-16429	107	12	next	next	ADJ
fbem-16429	107	13	6	6	NUM
fbem-16429	107	14	months	month	NOUN
fbem-16429	107	15	.	.	PUNCT
fbem-16429	108	1	the	the	DET
fbem-16429	108	2	umo	umo	PROPN
fbem-16429	108	3	portfolio	portfolio	NOUN
fbem-16429	108	4	's	's	PART
fbem-16429	108	5	return	return	NOUN
fbem-16429	108	6	increases	increase	NOUN
fbem-16429	108	7	from	from	ADP
fbem-16429	108	8	0.06	0.06	NUM
fbem-16429	108	9	%	%	NOUN
fbem-16429	108	10	(	(	PUNCT
fbem-16429	108	11	t=1.76	t=1.76	PROPN
fbem-16429	108	12	)	)	PUNCT
fbem-16429	108	13	for	for	ADP
fbem-16429	108	14	lowvolume	lowvolume	NOUN
fbem-16429	108	15	portfolios	portfolio	NOUN
fbem-16429	108	16	to	to	ADP
fbem-16429	108	17	0.68	0.68	NUM
fbem-16429	108	18	%	%	NOUN
fbem-16429	108	19	(	(	PUNCT
fbem-16429	108	20	t=2.99	t=2.99	PROPN
fbem-16429	108	21	)	)	PUNCT
fbem-16429	108	22	for	for	ADP
fbem-16429	108	23	high	high	ADJ
fbem-16429	108	24	-	-	PUNCT
fbem-16429	108	25	volume	volume	NOUN
fbem-16429	108	26	portfolios	portfolio	NOUN
fbem-16429	108	27	,	,	PUNCT
fbem-16429	108	28	with	with	ADP
fbem-16429	108	29	an	an	DET
fbem-16429	108	30	h	h	NOUN
fbem-16429	108	31	-	-	PUNCT
fbem-16429	108	32	l	l	NOUN
fbem-16429	108	33	portfolio	portfolio	NOUN
fbem-16429	108	34	return	return	NOUN
fbem-16429	108	35	of	of	ADP
fbem-16429	108	36	0.62	0.62	NUM
fbem-16429	108	37	(	(	PUNCT
fbem-16429	108	38	t=2.84	t=2.84	PROPN
fbem-16429	108	39	)	)	PUNCT
fbem-16429	108	40	.	.	PUNCT
fbem-16429	109	1	group	group	PROPN
fbem-16429	109	2	c	c	PROPN
fbem-16429	109	3	provides	provide	VERB
fbem-16429	109	4	the	the	DET
fbem-16429	109	5	average	average	ADJ
fbem-16429	109	6	return	return	NOUN
fbem-16429	109	7	of	of	ADP
fbem-16429	109	8	the	the	DET
fbem-16429	109	9	portfolios	portfolio	NOUN
fbem-16429	109	10	for	for	ADP
fbem-16429	109	11	the	the	DET
fbem-16429	109	12	next	next	ADJ
fbem-16429	109	13	12	12	NUM
fbem-16429	109	14	months	month	NOUN
fbem-16429	109	15	.	.	PUNCT
fbem-16429	110	1	the	the	DET
fbem-16429	110	2	umo	umo	PROPN
fbem-16429	110	3	portfolio	portfolio	NOUN
fbem-16429	110	4	's	's	PART
fbem-16429	110	5	return	return	NOUN
fbem-16429	110	6	increases	increase	NOUN
fbem-16429	110	7	from	from	ADP
fbem-16429	110	8	0.17	0.17	NUM
fbem-16429	110	9	%	%	NOUN
fbem-16429	110	10	(	(	PUNCT
fbem-16429	110	11	t=1.27	t=1.27	NOUN
fbem-16429	110	12	)	)	PUNCT
fbem-16429	110	13	for	for	ADP
fbem-16429	110	14	low	low	ADJ
fbem-16429	110	15	-	-	PUNCT
fbem-16429	110	16	volume	volume	NOUN
fbem-16429	110	17	portfolios	portfolio	NOUN
fbem-16429	110	18	to	to	ADP
fbem-16429	110	19	0.57	0.57	NUM
fbem-16429	110	20	%	%	NOUN
fbem-16429	110	21	(	(	PUNCT
fbem-16429	110	22	t=2.52	t=2.52	NOUN
fbem-16429	110	23	)	)	PUNCT
fbem-16429	110	24	for	for	ADP
fbem-16429	110	25	high	high	ADJ
fbem-16429	110	26	-	-	PUNCT
fbem-16429	110	27	volume	volume	NOUN
fbem-16429	110	28	portfolios	portfolio	NOUN
fbem-16429	110	29	,	,	PUNCT
fbem-16429	110	30	with	with	ADP
fbem-16429	110	31	an	an	DET
fbem-16429	110	32	h	h	NOUN
fbem-16429	110	33	-	-	PUNCT
fbem-16429	110	34	l	l	NOUN
fbem-16429	110	35	portfolio	portfolio	NOUN
fbem-16429	110	36	return	return	NOUN
fbem-16429	110	37	of	of	ADP
fbem-16429	110	38	14	14	NUM
fbem-16429	110	39	0.40	0.40	NUM
fbem-16429	110	40	(	(	PUNCT
fbem-16429	110	41	t=1.83	t=1.83	NOUN
fbem-16429	110	42	)	)	PUNCT
fbem-16429	110	43	.	.	PUNCT
fbem-16429	111	1	figure	figure	NOUN
fbem-16429	111	2	1	1	NUM
fbem-16429	111	3	.	.	PUNCT
fbem-16429	112	1	average	average	ADJ
fbem-16429	112	2	return	return	NOUN
fbem-16429	112	3	of	of	ADP
fbem-16429	112	4	the	the	DET
fbem-16429	112	5	umo	umo	NOUN
fbem-16429	112	6	portfolio	portfolio	NOUN
fbem-16429	112	7	it	it	PRON
fbem-16429	112	8	can	can	AUX
fbem-16429	112	9	be	be	AUX
fbem-16429	112	10	observed	observe	VERB
fbem-16429	112	11	that	that	SCONJ
fbem-16429	112	12	over	over	ADP
fbem-16429	112	13	time	time	NOUN
fbem-16429	112	14	,	,	PUNCT
fbem-16429	112	15	the	the	DET
fbem-16429	112	16	t	t	NOUN
fbem-16429	112	17	-	-	PUNCT
fbem-16429	112	18	values	value	NOUN
fbem-16429	112	19	gradually	gradually	ADV
fbem-16429	112	20	decrease	decrease	VERB
fbem-16429	112	21	.	.	PUNCT
fbem-16429	113	1	by	by	ADP
fbem-16429	113	2	group	group	PROPN
fbem-16429	113	3	d	d	PROPN
fbem-16429	113	4	,	,	PUNCT
fbem-16429	113	5	the	the	DET
fbem-16429	113	6	umo	umo	NOUN
fbem-16429	113	7	portfolio	portfolio	NOUN
fbem-16429	113	8	's	's	PART
fbem-16429	113	9	return	return	NOUN
fbem-16429	113	10	increases	increase	NOUN
fbem-16429	113	11	from	from	ADP
fbem-16429	113	12	0.13	0.13	NUM
fbem-16429	113	13	%	%	NOUN
fbem-16429	113	14	(	(	PUNCT
fbem-16429	113	15	t=0.78	t=0.78	PROPN
fbem-16429	113	16	)	)	PUNCT
fbem-16429	113	17	for	for	ADP
fbem-16429	113	18	low	low	ADJ
fbem-16429	113	19	-	-	PUNCT
fbem-16429	113	20	volume	volume	NOUN
fbem-16429	113	21	portfolios	portfolio	NOUN
fbem-16429	113	22	to	to	ADP
fbem-16429	113	23	0.31	0.31	NUM
fbem-16429	113	24	%	%	NOUN
fbem-16429	113	25	(	(	PUNCT
fbem-16429	113	26	t=1.47	t=1.47	NOUN
fbem-16429	113	27	)	)	PUNCT
fbem-16429	113	28	for	for	ADP
fbem-16429	113	29	high	high	ADJ
fbem-16429	113	30	-	-	PUNCT
fbem-16429	113	31	volume	volume	NOUN
fbem-16429	113	32	portfolios	portfolio	NOUN
fbem-16429	113	33	,	,	PUNCT
fbem-16429	113	34	with	with	ADP
fbem-16429	113	35	an	an	DET
fbem-16429	113	36	h	h	NOUN
fbem-16429	113	37	-	-	PUNCT
fbem-16429	113	38	l	l	NOUN
fbem-16429	113	39	portfolio	portfolio	NOUN
fbem-16429	113	40	return	return	NOUN
fbem-16429	113	41	of	of	ADP
fbem-16429	113	42	0.17	0.17	NUM
fbem-16429	113	43	(	(	PUNCT
fbem-16429	113	44	t=1.35	t=1.35	NOUN
fbem-16429	113	45	)	)	PUNCT
fbem-16429	113	46	,	,	PUNCT
fbem-16429	113	47	no	no	ADV
fbem-16429	113	48	longer	long	ADV
fbem-16429	113	49	significant	significant	ADJ
fbem-16429	113	50	.	.	PUNCT
fbem-16429	114	1	in	in	ADP
fbem-16429	114	2	group	group	NOUN
fbem-16429	114	3	e	e	PROPN
fbem-16429	114	4	,	,	PUNCT
fbem-16429	114	5	the	the	DET
fbem-16429	114	6	umo	umo	NOUN
fbem-16429	114	7	portfolio	portfolio	NOUN
fbem-16429	114	8	's	's	PART
fbem-16429	114	9	return	return	NOUN
fbem-16429	114	10	of	of	ADP
fbem-16429	114	11	0.12	0.12	NUM
fbem-16429	114	12	%	%	NOUN
fbem-16429	114	13	(	(	PUNCT
fbem-16429	114	14	t=0.81	t=0.81	NOUN
fbem-16429	114	15	)	)	PUNCT
fbem-16429	114	16	for	for	ADP
fbem-16429	114	17	low	low	ADJ
fbem-16429	114	18	-	-	PUNCT
fbem-16429	114	19	volume	volume	NOUN
fbem-16429	114	20	portfolios	portfolio	NOUN
fbem-16429	114	21	is	be	AUX
fbem-16429	114	22	higher	high	ADJ
fbem-16429	114	23	than	than	ADP
fbem-16429	114	24	the	the	DET
fbem-16429	114	25	return	return	NOUN
fbem-16429	114	26	of	of	ADP
fbem-16429	114	27	0.09	0.09	NUM
fbem-16429	114	28	%	%	NOUN
fbem-16429	114	29	(	(	PUNCT
fbem-16429	114	30	t=0.66	t=0.66	NOUN
fbem-16429	114	31	)	)	PUNCT
fbem-16429	114	32	for	for	ADP
fbem-16429	114	33	highvolume	highvolume	NOUN
fbem-16429	114	34	portfolios	portfolio	NOUN
fbem-16429	114	35	,	,	PUNCT
fbem-16429	114	36	and	and	CCONJ
fbem-16429	114	37	the	the	DET
fbem-16429	114	38	expected	expect	VERB
fbem-16429	114	39	return	return	NOUN
fbem-16429	114	40	no	no	ADV
fbem-16429	114	41	longer	long	ADV
fbem-16429	114	42	varies	vary	VERB
fbem-16429	114	43	with	with	ADP
fbem-16429	114	44	volume	volume	NOUN
fbem-16429	114	45	.	.	PUNCT
fbem-16429	115	1	the	the	DET
fbem-16429	115	2	results	result	NOUN
fbem-16429	115	3	indicate	indicate	VERB
fbem-16429	115	4	that	that	SCONJ
fbem-16429	115	5	the	the	DET
fbem-16429	115	6	predictive	predictive	ADJ
fbem-16429	115	7	power	power	NOUN
fbem-16429	115	8	of	of	ADP
fbem-16429	115	9	the	the	DET
fbem-16429	115	10	volume	volume	NOUN
fbem-16429	115	11	adjustment	adjustment	NOUN
fbem-16429	115	12	effect	effect	NOUN
fbem-16429	115	13	gradually	gradually	ADV
fbem-16429	115	14	diminishes	diminish	VERB
fbem-16429	115	15	over	over	ADP
fbem-16429	115	16	time	time	NOUN
fbem-16429	115	17	,	,	PUNCT
fbem-16429	115	18	remaining	remain	VERB
fbem-16429	115	19	significant	significant	ADJ
fbem-16429	115	20	up	up	ADP
fbem-16429	115	21	to	to	PART
fbem-16429	115	22	12	12	NUM
fbem-16429	115	23	months	month	NOUN
fbem-16429	115	24	but	but	CCONJ
fbem-16429	115	25	completely	completely	ADV
fbem-16429	115	26	disappearing	disappear	VERB
fbem-16429	115	27	after	after	ADP
fbem-16429	115	28	24	24	NUM
fbem-16429	115	29	months	month	NOUN
fbem-16429	115	30	.	.	PUNCT
fbem-16429	116	1	table	table	NOUN
fbem-16429	116	2	2	2	NUM
fbem-16429	116	3	.	.	PUNCT
fbem-16429	117	1	average	average	ADJ
fbem-16429	117	2	returns	return	NOUN
fbem-16429	117	3	of	of	ADP
fbem-16429	117	4	5x5	5x5	NUM
fbem-16429	117	5	investment	investment	NOUN
fbem-16429	117	6	portfolios	portfolio	NOUN
fbem-16429	117	7	low	low	ADJ
fbem-16429	117	8	volume	volume	NOUN
fbem-16429	117	9	2	2	NUM
fbem-16429	117	10	3	3	NUM
fbem-16429	117	11	4	4	NUM
fbem-16429	117	12	high	high	ADJ
fbem-16429	117	13	volume	volume	NOUN
fbem-16429	117	14	h	h	NOUN
fbem-16429	117	15	-	-	PUNCT
fbem-16429	117	16	l	l	NOUN
fbem-16429	117	17	panel	panel	NOUN
fbem-16429	117	18	a：month	a：month	PROPN
fbem-16429	117	19	t	t	PROPN
fbem-16429	117	20	+	+	CCONJ
fbem-16429	117	21	3	3	NUM
fbem-16429	117	22	underpriced	underprice	VERB
fbem-16429	117	23	0.05	0.05	NUM
fbem-16429	117	24	0.04	0.04	NUM
fbem-16429	117	25	0.07	0.07	NUM
fbem-16429	117	26	0.11	0.11	NUM
fbem-16429	117	27	0.40	0.40	NUM
fbem-16429	117	28	0.14(2.30	0.14(2.30	NOUN
fbem-16429	117	29	)	)	PUNCT
fbem-16429	117	30	overpriced	overprice	VERB
fbem-16429	117	31	-0.15	-0.15	NUM
fbem-16429	117	32	-0.17	-0.17	PROPN
fbem-16429	117	33	-0.18	-0.18	NUM
fbem-16429	117	34	-0.24	-0.24	ADJ
fbem-16429	117	35	-0.38	-0.38	PUNCT
fbem-16429	117	36	-0.23(2.05	-0.23(2.05	NOUN
fbem-16429	117	37	)	)	PUNCT
fbem-16429	117	38	umo	umo	NOUN
fbem-16429	117	39	0.20	0.20	NUM
fbem-16429	117	40	0.21	0.21	NUM
fbem-16429	117	41	0.25	0.25	NUM
fbem-16429	117	42	0.35	0.35	NUM
fbem-16429	117	43	0.78	0.78	NUM
fbem-16429	117	44	0.58(3.65	0.58(3.65	NUM
fbem-16429	117	45	)	)	PUNCT
fbem-16429	117	46	(	(	PUNCT
fbem-16429	117	47	2.69	2.69	NUM
fbem-16429	117	48	)	)	PUNCT
fbem-16429	117	49	(	(	PUNCT
fbem-16429	117	50	1.97	1.97	NUM
fbem-16429	117	51	)	)	PUNCT
fbem-16429	117	52	(	(	PUNCT
fbem-16429	117	53	3.85	3.85	NUM
fbem-16429	117	54	)	)	PUNCT
fbem-16429	117	55	(	(	PUNCT
fbem-16429	117	56	2.63	2.63	NUM
fbem-16429	117	57	)	)	PUNCT
fbem-16429	117	58	(	(	PUNCT
fbem-16429	117	59	4.86	4.86	NUM
fbem-16429	117	60	)	)	PUNCT
fbem-16429	117	61	panel	panel	NOUN
fbem-16429	117	62	b：month	b：month	PROPN
fbem-16429	117	63	t	t	NOUN
fbem-16429	117	64	+	+	CCONJ
fbem-16429	117	65	6	6	NUM
fbem-16429	117	66	underpriced	underprice	VERB
fbem-16429	117	67	-0.10	-0.10	NUM
fbem-16429	117	68	-0.01	-0.01	NUM
fbem-16429	117	69	0.17	0.17	NUM
fbem-16429	117	70	0.29	0.29	NUM
fbem-16429	117	71	0.33	0.33	NUM
fbem-16429	117	72	0.43(2.24	0.43(2.24	NUM
fbem-16429	117	73	)	)	PUNCT
fbem-16429	117	74	overpriced	overprice	VERB
fbem-16429	117	75	-0.16	-0.16	PRON
fbem-16429	117	76	-0.15	-0.15	NUM
fbem-16429	117	77	-0.27	-0.27	PROPN
fbem-16429	117	78	-0.28	-0.28	NUM
fbem-16429	117	79	-0.35	-0.35	PROPN
fbem-16429	117	80	-0.19(1.85	-0.19(1.85	PROPN
fbem-16429	117	81	)	)	PUNCT
fbem-16429	117	82	umo	umo	NOUN
fbem-16429	118	1	0.06	0.06	NUM
fbem-16429	118	2	0.14	0.14	NUM
fbem-16429	118	3	0.44	0.44	NUM
fbem-16429	118	4	0.57	0.57	NUM
fbem-16429	118	5	0.68	0.68	NUM
fbem-16429	118	6	0.62(2.84	0.62(2.84	NUM
fbem-16429	118	7	)	)	PUNCT
fbem-16429	118	8	(	(	PUNCT
fbem-16429	118	9	1.76	1.76	NUM
fbem-16429	118	10	)	)	PUNCT
fbem-16429	118	11	(	(	PUNCT
fbem-16429	118	12	1.56	1.56	NUM
fbem-16429	118	13	)	)	PUNCT
fbem-16429	118	14	(	(	PUNCT
fbem-16429	118	15	1.05	1.05	NUM
fbem-16429	118	16	)	)	PUNCT
fbem-16429	118	17	(	(	PUNCT
fbem-16429	118	18	1.77	1.77	NUM
fbem-16429	118	19	)	)	PUNCT
fbem-16429	118	20	(	(	PUNCT
fbem-16429	118	21	2.99	2.99	NUM
fbem-16429	118	22	)	)	PUNCT
fbem-16429	118	23	panel	panel	NOUN
fbem-16429	118	24	c：month	c：month	PROPN
fbem-16429	118	25	t	t	PROPN
fbem-16429	118	26	+	+	CCONJ
fbem-16429	118	27	12	12	NUM
fbem-16429	118	28	underpriced	underprice	VERB
fbem-16429	118	29	0.02	0.02	NUM
fbem-16429	118	30	0.11	0.11	NUM
fbem-16429	118	31	0.04	0.04	NUM
fbem-16429	118	32	0.24	0.24	NUM
fbem-16429	118	33	0.26	0.26	NUM
fbem-16429	118	34	0.24(1.96	0.24(1.96	NUM
fbem-16429	118	35	)	)	PUNCT
fbem-16429	119	1	overpriced	overprice	VERB
fbem-16429	119	2	-0.15	-0.15	NUM
fbem-16429	119	3	-0.08	-0.08	PRON
fbem-16429	119	4	-0.11	-0.11	NUM
fbem-16429	119	5	-0.23	-0.23	NUM
fbem-16429	119	6	-0.31	-0.31	NUM
fbem-16429	119	7	-0.16(1.24	-0.16(1.24	NUM
fbem-16429	119	8	)	)	PUNCT
fbem-16429	119	9	umo	umo	NOUN
fbem-16429	119	10	0.17	0.17	NUM
fbem-16429	119	11	0.19	0.19	NUM
fbem-16429	119	12	0.15	0.15	NUM
fbem-16429	119	13	0.47	0.47	NUM
fbem-16429	119	14	0.57	0.57	NUM
fbem-16429	119	15	0.40(1.83	0.40(1.83	NUM
fbem-16429	119	16	)	)	PUNCT
fbem-16429	119	17	(	(	PUNCT
fbem-16429	119	18	1.27	1.27	NUM
fbem-16429	119	19	)	)	PUNCT
fbem-16429	119	20	(	(	PUNCT
fbem-16429	119	21	1.77	1.77	NUM
fbem-16429	119	22	)	)	PUNCT
fbem-16429	119	23	(	(	PUNCT
fbem-16429	119	24	0.80	0.80	NUM
fbem-16429	119	25	)	)	PUNCT
fbem-16429	119	26	(	(	PUNCT
fbem-16429	119	27	2.18	2.18	NUM
fbem-16429	119	28	)	)	PUNCT
fbem-16429	119	29	(	(	PUNCT
fbem-16429	119	30	2.52	2.52	NUM
fbem-16429	119	31	)	)	PUNCT
fbem-16429	119	32	panel	panel	NOUN
fbem-16429	119	33	d：month	d：month	PROPN
fbem-16429	119	34	t	t	PROPN
fbem-16429	120	1	+	+	CCONJ
fbem-16429	120	2	24	24	NUM
fbem-16429	120	3	underpriced	underprice	VERB
fbem-16429	120	4	0.03	0.03	NUM
fbem-16429	120	5	0.07	0.07	NUM
fbem-16429	120	6	0.16	0.16	NUM
fbem-16429	120	7	0.09	0.09	NUM
fbem-16429	120	8	0.13	0.13	NUM
fbem-16429	120	9	0.10(0.96	0.10(0.96	NUM
fbem-16429	120	10	)	)	PUNCT
fbem-16429	120	11	overpriced	overprice	VERB
fbem-16429	120	12	-0.10	-0.10	NUM
fbem-16429	120	13	-0.17	-0.17	PROPN
fbem-16429	120	14	-0.13	-0.13	NUM
fbem-16429	120	15	-0.19	-0.19	NUM
fbem-16429	120	16	-0.18	-0.18	NUM
fbem-16429	120	17	-0.08(1.15	-0.08(1.15	PROPN
fbem-16429	120	18	)	)	PUNCT
fbem-16429	120	19	umo	umo	NOUN
fbem-16429	120	20	0.13	0.13	NUM
fbem-16429	120	21	0.24	0.24	NUM
fbem-16429	120	22	0.29	0.29	NUM
fbem-16429	120	23	0.28	0.28	NUM
fbem-16429	120	24	0.31	0.31	NUM
fbem-16429	120	25	0.17(1.35	0.17(1.35	NUM
fbem-16429	120	26	)	)	PUNCT
fbem-16429	120	27	(	(	PUNCT
fbem-16429	120	28	0.78	0.78	NUM
fbem-16429	120	29	)	)	PUNCT
fbem-16429	120	30	(	(	PUNCT
fbem-16429	120	31	1.54	1.54	NUM
fbem-16429	120	32	)	)	PUNCT
fbem-16429	120	33	(	(	PUNCT
fbem-16429	120	34	0.64	0.64	NUM
fbem-16429	120	35	)	)	PUNCT
fbem-16429	120	36	(	(	PUNCT
fbem-16429	120	37	1.70	1.70	NUM
fbem-16429	120	38	)	)	PUNCT
fbem-16429	120	39	(	(	PUNCT
fbem-16429	120	40	1.47	1.47	NUM
fbem-16429	120	41	)	)	PUNCT
fbem-16429	120	42	panel	panel	NOUN
fbem-16429	120	43	e：month	e：month	PROPN
fbem-16429	120	44	t	t	NOUN
fbem-16429	120	45	+	+	CCONJ
fbem-16429	120	46	36	36	NUM
fbem-16429	120	47	underpriced	underprice	VERB
fbem-16429	120	48	0.06	0.06	NUM
fbem-16429	120	49	0.13	0.13	NUM
fbem-16429	120	50	0.11	0.11	NUM
fbem-16429	120	51	0.12	0.12	NUM
fbem-16429	120	52	0.08	0.08	NUM
fbem-16429	120	53	0.02(0.67	0.02(0.67	NOUN
fbem-16429	120	54	)	)	PUNCT
fbem-16429	120	55	overpriced	overprice	VERB
fbem-16429	120	56	-0.06	-0.06	NUM
fbem-16429	120	57	-0.15	-0.15	NUM
fbem-16429	120	58	-0.13	-0.13	NUM
fbem-16429	120	59	-0.18	-0.18	NUM
fbem-16429	120	60	-0.01	-0.01	NUM
fbem-16429	120	61	0.05(0.49	0.05(0.49	NOUN
fbem-16429	120	62	)	)	PUNCT
fbem-16429	120	63	umo	umo	NOUN
fbem-16429	120	64	0.12	0.12	NUM
fbem-16429	120	65	0.28	0.28	NUM
fbem-16429	120	66	0.24	0.24	NUM
fbem-16429	120	67	0.30	0.30	NUM
fbem-16429	120	68	0.09	0.09	NUM
fbem-16429	120	69	-0.03(0.90	-0.03(0.90	NUM
fbem-16429	120	70	)	)	PUNCT
fbem-16429	120	71	(	(	PUNCT
fbem-16429	120	72	0.81	0.81	NUM
fbem-16429	120	73	)	)	PUNCT
fbem-16429	120	74	(	(	PUNCT
fbem-16429	120	75	0.63	0.63	NUM
fbem-16429	120	76	)	)	PUNCT
fbem-16429	120	77	(	(	PUNCT
fbem-16429	120	78	1.35	1.35	NUM
fbem-16429	120	79	)	)	PUNCT
fbem-16429	120	80	(	(	PUNCT
fbem-16429	120	81	0.90	0.90	NUM
fbem-16429	120	82	)	)	PUNCT
fbem-16429	120	83	(	(	PUNCT
fbem-16429	120	84	0.66	0.66	NUM
fbem-16429	120	85	)	)	PUNCT
fbem-16429	120	86	5	5	NUM
fbem-16429	120	87	.	.	PUNCT
fbem-16429	120	88	conclusion	conclusion	NOUN
fbem-16429	120	89	from	from	ADP
fbem-16429	120	90	the	the	DET
fbem-16429	120	91	perspective	perspective	NOUN
fbem-16429	120	92	of	of	ADP
fbem-16429	120	93	the	the	DET
fbem-16429	120	94	volume	volume	NOUN
fbem-16429	120	95	-	-	PUNCT
fbem-16429	120	96	adjusted	adjust	VERB
fbem-16429	120	97	effect	effect	NOUN
fbem-16429	120	98	,	,	PUNCT
fbem-16429	120	99	this	this	DET
fbem-16429	120	100	paper	paper	NOUN
fbem-16429	120	101	explores	explore	VERB
fbem-16429	120	102	the	the	DET
fbem-16429	120	103	impact	impact	NOUN
fbem-16429	120	104	of	of	ADP
fbem-16429	120	105	trading	trading	NOUN
fbem-16429	120	106	volume	volume	NOUN
fbem-16429	120	107	and	and	CCONJ
fbem-16429	120	108	mispricing	misprice	VERB
fbem-16429	120	109	on	on	ADP
fbem-16429	120	110	expected	expect	VERB
fbem-16429	120	111	returns	return	NOUN
fbem-16429	120	112	,	,	PUNCT
fbem-16429	120	113	finding	find	VERB
fbem-16429	120	114	that	that	SCONJ
fbem-16429	120	115	in	in	ADP
fbem-16429	120	116	stocks	stock	NOUN
fbem-16429	120	117	with	with	ADP
fbem-16429	120	118	high	high	ADJ
fbem-16429	120	119	trading	trading	NOUN
fbem-16429	120	120	volume	volume	NOUN
fbem-16429	120	121	,	,	PUNCT
fbem-16429	120	122	the	the	DET
fbem-16429	120	123	predictive	predictive	ADJ
fbem-16429	120	124	ability	ability	NOUN
fbem-16429	120	125	of	of	ADP
fbem-16429	120	126	mispricing	misprice	VERB
fbem-16429	120	127	is	be	AUX
fbem-16429	120	128	stronger	strong	ADJ
fbem-16429	120	129	.	.	PUNCT
fbem-16429	121	1	in	in	ADP
fbem-16429	121	2	0.7	0.7	NUM
fbem-16429	121	3	1.1	1.1	NUM
fbem-16429	121	4	1.46	1.46	NUM
fbem-16429	121	5	1.68	1.68	NUM
fbem-16429	121	6	2.3	2.3	NUM
fbem-16429	121	7	0	0	NUM
fbem-16429	121	8	0.5	0.5	NUM
fbem-16429	121	9	1	1	NUM
fbem-16429	121	10	1.5	1.5	NUM
fbem-16429	121	11	2	2	NUM
fbem-16429	121	12	2.5	2.5	NUM
fbem-16429	121	13	low	low	ADJ
fbem-16429	121	14	volume	volume	NOUN
fbem-16429	121	15	2	2	NUM
fbem-16429	121	16	3	3	NUM
fbem-16429	121	17	4	4	NUM
fbem-16429	121	18	high	high	ADJ
fbem-16429	121	19	volume	volume	NOUN
fbem-16429	121	20	15	15	NUM
fbem-16429	121	21	contrast	contrast	NOUN
fbem-16429	121	22	to	to	ADP
fbem-16429	121	23	traditional	traditional	ADJ
fbem-16429	121	24	literature	literature	NOUN
fbem-16429	121	25	,	,	PUNCT
fbem-16429	121	26	which	which	PRON
fbem-16429	121	27	tends	tend	VERB
fbem-16429	121	28	to	to	PART
fbem-16429	121	29	construct	construct	VERB
fbem-16429	121	30	new	new	ADJ
fbem-16429	121	31	factor	factor	NOUN
fbem-16429	121	32	models	model	NOUN
fbem-16429	121	33	to	to	PART
fbem-16429	121	34	attempt	attempt	VERB
fbem-16429	121	35	to	to	PART
fbem-16429	121	36	gain	gain	VERB
fbem-16429	121	37	excess	excess	ADJ
fbem-16429	121	38	returns	return	NOUN
fbem-16429	121	39	from	from	ADP
fbem-16429	121	40	factor	factor	NOUN
fbem-16429	121	41	model	model	NOUN
fbem-16429	121	42	pricing	pricing	NOUN
fbem-16429	121	43	anomalies	anomaly	NOUN
fbem-16429	121	44	,	,	PUNCT
fbem-16429	121	45	this	this	DET
fbem-16429	121	46	paper	paper	NOUN
fbem-16429	121	47	departs	depart	VERB
fbem-16429	121	48	from	from	ADP
fbem-16429	121	49	the	the	DET
fbem-16429	121	50	theory	theory	NOUN
fbem-16429	121	51	of	of	ADP
fbem-16429	121	52	investor	investor	NOUN
fbem-16429	121	53	belief	belief	NOUN
fbem-16429	121	54	divergence	divergence	NOUN
fbem-16429	121	55	,	,	PUNCT
fbem-16429	121	56	using	use	VERB
fbem-16429	121	57	trading	trading	NOUN
fbem-16429	121	58	volume	volume	NOUN
fbem-16429	121	59	to	to	PART
fbem-16429	121	60	measure	measure	VERB
fbem-16429	121	61	investor	investor	NOUN
fbem-16429	121	62	divergence	divergence	NOUN
fbem-16429	121	63	and	and	CCONJ
fbem-16429	121	64	discovering	discover	VERB
fbem-16429	121	65	that	that	SCONJ
fbem-16429	121	66	stocks	stock	NOUN
fbem-16429	121	67	with	with	ADP
fbem-16429	121	68	larger	large	ADJ
fbem-16429	121	69	trading	trading	NOUN
fbem-16429	121	70	volumes	volume	NOUN
fbem-16429	121	71	that	that	PRON
fbem-16429	121	72	are	be	AUX
fbem-16429	121	73	undervalued	undervalue	VERB
fbem-16429	121	74	have	have	VERB
fbem-16429	121	75	higher	high	ADJ
fbem-16429	121	76	expected	expect	VERB
fbem-16429	121	77	returns	return	NOUN
fbem-16429	121	78	.	.	PUNCT
fbem-16429	122	1	the	the	DET
fbem-16429	122	2	research	research	NOUN
fbem-16429	122	3	findings	finding	NOUN
fbem-16429	122	4	of	of	ADP
fbem-16429	122	5	this	this	DET
fbem-16429	122	6	paper	paper	NOUN
fbem-16429	122	7	have	have	VERB
fbem-16429	122	8	certain	certain	ADJ
fbem-16429	122	9	implications	implication	NOUN
fbem-16429	122	10	for	for	ADP
fbem-16429	122	11	both	both	DET
fbem-16429	122	12	investors	investor	NOUN
fbem-16429	122	13	and	and	CCONJ
fbem-16429	122	14	regulatory	regulatory	ADJ
fbem-16429	122	15	authorities	authority	NOUN
fbem-16429	122	16	.	.	PUNCT
fbem-16429	123	1	for	for	ADP
fbem-16429	123	2	investors	investor	NOUN
fbem-16429	123	3	,	,	PUNCT
fbem-16429	123	4	the	the	DET
fbem-16429	123	5	study	study	NOUN
fbem-16429	123	6	reveals	reveal	VERB
fbem-16429	123	7	that	that	SCONJ
fbem-16429	123	8	stocks	stock	NOUN
fbem-16429	123	9	with	with	ADP
fbem-16429	123	10	high	high	ADJ
fbem-16429	123	11	trading	trading	NOUN
fbem-16429	123	12	volumes	volume	NOUN
fbem-16429	123	13	have	have	VERB
fbem-16429	123	14	better	well	ADJ
fbem-16429	123	15	predictive	predictive	ADJ
fbem-16429	123	16	ability	ability	NOUN
fbem-16429	123	17	for	for	ADP
fbem-16429	123	18	mispricing	misprice	VERB
fbem-16429	123	19	.	.	PUNCT
fbem-16429	124	1	therefore	therefore	ADV
fbem-16429	124	2	,	,	PUNCT
fbem-16429	124	3	when	when	SCONJ
fbem-16429	124	4	formulating	formulate	VERB
fbem-16429	124	5	investment	investment	NOUN
fbem-16429	124	6	strategies	strategy	NOUN
fbem-16429	124	7	,	,	PUNCT
fbem-16429	124	8	investors	investor	NOUN
fbem-16429	124	9	should	should	AUX
fbem-16429	124	10	pay	pay	VERB
fbem-16429	124	11	attention	attention	NOUN
fbem-16429	124	12	to	to	ADP
fbem-16429	124	13	trading	trading	NOUN
fbem-16429	124	14	volume	volume	NOUN
fbem-16429	124	15	as	as	ADP
fbem-16429	124	16	an	an	DET
fbem-16429	124	17	important	important	ADJ
fbem-16429	124	18	indicator	indicator	NOUN
fbem-16429	124	19	for	for	ADP
fbem-16429	124	20	evaluating	evaluate	VERB
fbem-16429	124	21	the	the	DET
fbem-16429	124	22	potential	potential	ADJ
fbem-16429	124	23	returns	return	NOUN
fbem-16429	124	24	of	of	ADP
fbem-16429	124	25	stocks	stock	NOUN
fbem-16429	124	26	.	.	PUNCT
fbem-16429	125	1	especially	especially	ADV
fbem-16429	125	2	for	for	ADP
fbem-16429	125	3	undervalued	undervalued	ADJ
fbem-16429	125	4	stocks	stock	NOUN
fbem-16429	125	5	with	with	ADP
fbem-16429	125	6	relatively	relatively	ADV
fbem-16429	125	7	high	high	ADJ
fbem-16429	125	8	trading	trading	NOUN
fbem-16429	125	9	volumes	volume	NOUN
fbem-16429	125	10	,	,	PUNCT
fbem-16429	125	11	investors	investor	NOUN
fbem-16429	125	12	have	have	VERB
fbem-16429	125	13	a	a	DET
fbem-16429	125	14	better	well	ADJ
fbem-16429	125	15	chance	chance	NOUN
fbem-16429	125	16	of	of	ADP
fbem-16429	125	17	gaining	gain	VERB
fbem-16429	125	18	excess	excess	ADJ
fbem-16429	125	19	returns	return	NOUN
fbem-16429	125	20	.	.	PUNCT
fbem-16429	126	1	in	in	ADP
fbem-16429	126	2	addition	addition	NOUN
fbem-16429	126	3	,	,	PUNCT
fbem-16429	126	4	investors	investor	NOUN
fbem-16429	126	5	should	should	AUX
fbem-16429	126	6	not	not	PART
fbem-16429	126	7	blindly	blindly	ADV
fbem-16429	126	8	follow	follow	VERB
fbem-16429	126	9	the	the	DET
fbem-16429	126	10	trend	trend	NOUN
fbem-16429	126	11	after	after	ADP
fbem-16429	126	12	seeing	see	VERB
fbem-16429	126	13	favorable	favorable	ADJ
fbem-16429	126	14	news	news	NOUN
fbem-16429	126	15	,	,	PUNCT
fbem-16429	126	16	as	as	SCONJ
fbem-16429	126	17	these	these	DET
fbem-16429	126	18	messages	message	NOUN
fbem-16429	126	19	may	may	AUX
fbem-16429	126	20	be	be	AUX
fbem-16429	126	21	influenced	influence	VERB
fbem-16429	126	22	by	by	ADP
fbem-16429	126	23	mispricing	misprice	VERB
fbem-16429	126	24	,	,	PUNCT
fbem-16429	126	25	leading	lead	VERB
fbem-16429	126	26	to	to	ADP
fbem-16429	126	27	false	false	ADJ
fbem-16429	126	28	market	market	NOUN
fbem-16429	126	29	signals	signal	NOUN
fbem-16429	126	30	.	.	PUNCT
fbem-16429	127	1	rational	rational	ADJ
fbem-16429	127	2	investment	investment	NOUN
fbem-16429	127	3	is	be	AUX
fbem-16429	127	4	the	the	DET
fbem-16429	127	5	key	key	NOUN
fbem-16429	127	6	to	to	ADP
fbem-16429	127	7	long	long	ADJ
fbem-16429	127	8	-	-	PUNCT
fbem-16429	127	9	term	term	NOUN
fbem-16429	127	10	returns	return	NOUN
fbem-16429	127	11	,	,	PUNCT
fbem-16429	127	12	and	and	CCONJ
fbem-16429	127	13	investors	investor	NOUN
fbem-16429	127	14	should	should	AUX
fbem-16429	127	15	maintain	maintain	VERB
fbem-16429	127	16	a	a	DET
fbem-16429	127	17	rational	rational	ADJ
fbem-16429	127	18	analysis	analysis	NOUN
fbem-16429	127	19	of	of	ADP
fbem-16429	127	20	market	market	NOUN
fbem-16429	127	21	information	information	NOUN
fbem-16429	127	22	,	,	PUNCT
fbem-16429	127	23	not	not	PART
fbem-16429	127	24	being	be	AUX
fbem-16429	127	25	swayed	sway	VERB
fbem-16429	127	26	by	by	ADP
fbem-16429	127	27	short	short	ADJ
fbem-16429	127	28	-	-	PUNCT
fbem-16429	127	29	term	term	NOUN
fbem-16429	127	30	market	market	NOUN
fbem-16429	127	31	fluctuations	fluctuation	NOUN
fbem-16429	127	32	.	.	PUNCT
fbem-16429	128	1	for	for	ADP
fbem-16429	128	2	stocks	stock	NOUN
fbem-16429	128	3	with	with	ADP
fbem-16429	128	4	high	high	ADJ
fbem-16429	128	5	trading	trading	NOUN
fbem-16429	128	6	volumes	volume	NOUN
fbem-16429	128	7	,	,	PUNCT
fbem-16429	128	8	investors	investor	NOUN
fbem-16429	128	9	need	need	VERB
fbem-16429	128	10	to	to	PART
fbem-16429	128	11	be	be	AUX
fbem-16429	128	12	more	more	ADV
fbem-16429	128	13	cautious	cautious	ADJ
fbem-16429	128	14	in	in	ADP
fbem-16429	128	15	decision	decision	NOUN
fbem-16429	128	16	-	-	PUNCT
fbem-16429	128	17	making	making	NOUN
fbem-16429	128	18	,	,	PUNCT
fbem-16429	128	19	fully	fully	ADV
fbem-16429	128	20	considering	consider	VERB
fbem-16429	128	21	the	the	DET
fbem-16429	128	22	possible	possible	ADJ
fbem-16429	128	23	factors	factor	NOUN
fbem-16429	128	24	of	of	ADP
fbem-16429	128	25	mispricing	misprice	VERB
fbem-16429	128	26	,	,	PUNCT
fbem-16429	128	27	and	and	CCONJ
fbem-16429	128	28	thereby	thereby	ADV
fbem-16429	128	29	formulating	formulate	VERB
fbem-16429	128	30	better	well	ADJ
fbem-16429	128	31	risk	risk	NOUN
fbem-16429	128	32	management	management	NOUN
fbem-16429	128	33	strategies	strategy	NOUN
fbem-16429	128	34	.	.	PUNCT
fbem-16429	129	1	for	for	ADP
fbem-16429	129	2	regulatory	regulatory	ADJ
fbem-16429	129	3	authorities	authority	NOUN
fbem-16429	129	4	,	,	PUNCT
fbem-16429	129	5	this	this	DET
fbem-16429	129	6	research	research	NOUN
fbem-16429	129	7	reveals	reveal	VERB
fbem-16429	129	8	the	the	DET
fbem-16429	129	9	regulatory	regulatory	ADJ
fbem-16429	129	10	role	role	NOUN
fbem-16429	129	11	of	of	ADP
fbem-16429	129	12	trading	trading	NOUN
fbem-16429	129	13	volume	volume	NOUN
fbem-16429	129	14	in	in	ADP
fbem-16429	129	15	the	the	DET
fbem-16429	129	16	relationship	relationship	NOUN
fbem-16429	129	17	between	between	ADP
fbem-16429	129	18	mispricing	misprice	VERB
fbem-16429	129	19	and	and	CCONJ
fbem-16429	129	20	expected	expect	VERB
fbem-16429	129	21	returns	return	NOUN
fbem-16429	129	22	,	,	PUNCT
fbem-16429	129	23	helping	help	VERB
fbem-16429	129	24	regulatory	regulatory	ADJ
fbem-16429	129	25	authorities	authority	NOUN
fbem-16429	129	26	to	to	PART
fbem-16429	129	27	more	more	ADV
fbem-16429	129	28	comprehensively	comprehensively	ADV
fbem-16429	129	29	understand	understand	VERB
fbem-16429	129	30	the	the	DET
fbem-16429	129	31	pricing	pricing	NOUN
fbem-16429	129	32	mechanism	mechanism	NOUN
fbem-16429	129	33	in	in	ADP
fbem-16429	129	34	the	the	DET
fbem-16429	129	35	market	market	NOUN
fbem-16429	129	36	.	.	PUNCT
fbem-16429	130	1	regulatory	regulatory	ADJ
fbem-16429	130	2	authorities	authority	NOUN
fbem-16429	130	3	can	can	AUX
fbem-16429	130	4	draw	draw	VERB
fbem-16429	130	5	on	on	ADP
fbem-16429	130	6	the	the	DET
fbem-16429	130	7	research	research	NOUN
fbem-16429	130	8	results	result	NOUN
fbem-16429	130	9	to	to	PART
fbem-16429	130	10	further	far	ADV
fbem-16429	130	11	improve	improve	VERB
fbem-16429	130	12	market	market	NOUN
fbem-16429	130	13	supervision	supervision	NOUN
fbem-16429	130	14	systems	system	NOUN
fbem-16429	130	15	,	,	PUNCT
fbem-16429	130	16	guide	guide	VERB
fbem-16429	130	17	the	the	DET
fbem-16429	130	18	healthy	healthy	ADJ
fbem-16429	130	19	and	and	CCONJ
fbem-16429	130	20	orderly	orderly	ADJ
fbem-16429	130	21	development	development	NOUN
fbem-16429	130	22	of	of	ADP
fbem-16429	130	23	the	the	DET
fbem-16429	130	24	market	market	NOUN
fbem-16429	130	25	,	,	PUNCT
fbem-16429	130	26	and	and	CCONJ
fbem-16429	130	27	enhance	enhance	VERB
fbem-16429	130	28	the	the	DET
fbem-16429	130	29	efficiency	efficiency	NOUN
fbem-16429	130	30	and	and	CCONJ
fbem-16429	130	31	transparency	transparency	NOUN
fbem-16429	130	32	of	of	ADP
fbem-16429	130	33	market	market	NOUN
fbem-16429	130	34	operations	operation	NOUN
fbem-16429	130	35	.	.	PUNCT
fbem-16429	131	1	in	in	ADP
fbem-16429	131	2	times	time	NOUN
fbem-16429	131	3	of	of	ADP
fbem-16429	131	4	significant	significant	ADJ
fbem-16429	131	5	market	market	NOUN
fbem-16429	131	6	volatility	volatility	NOUN
fbem-16429	131	7	,	,	PUNCT
fbem-16429	131	8	regulatory	regulatory	ADJ
fbem-16429	131	9	authorities	authority	NOUN
fbem-16429	131	10	can	can	AUX
fbem-16429	131	11	also	also	ADV
fbem-16429	131	12	strengthen	strengthen	VERB
fbem-16429	131	13	monitoring	monitoring	NOUN
fbem-16429	131	14	of	of	ADP
fbem-16429	131	15	stocks	stock	NOUN
fbem-16429	131	16	with	with	ADP
fbem-16429	131	17	high	high	ADJ
fbem-16429	131	18	trading	trading	NOUN
fbem-16429	131	19	volumes	volume	NOUN
fbem-16429	131	20	,	,	PUNCT
fbem-16429	131	21	promptly	promptly	ADV
fbem-16429	131	22	respond	respond	VERB
fbem-16429	131	23	to	to	ADP
fbem-16429	131	24	potential	potential	ADJ
fbem-16429	131	25	market	market	NOUN
fbem-16429	131	26	anomalies	anomaly	NOUN
fbem-16429	131	27	,	,	PUNCT
fbem-16429	131	28	and	and	CCONJ
fbem-16429	131	29	maintain	maintain	VERB
fbem-16429	131	30	market	market	NOUN
fbem-16429	131	31	stability	stability	NOUN
fbem-16429	131	32	and	and	CCONJ
fbem-16429	131	33	fairness	fairness	NOUN
fbem-16429	131	34	.	.	PUNCT
fbem-16429	132	1	references	reference	NOUN
fbem-16429	132	2	[	[	X
fbem-16429	132	3	1	1	NUM
fbem-16429	132	4	]	]	X
fbem-16429	132	5	atmaz	atmaz	ADJ
fbem-16429	132	6	,	,	PUNCT
fbem-16429	132	7	a.	a.	PROPN
fbem-16429	132	8	,	,	PUNCT
fbem-16429	132	9	&	&	CCONJ
fbem-16429	132	10	basak	basak	PROPN
fbem-16429	132	11	,	,	PUNCT
fbem-16429	132	12	s.	s.	PROPN
fbem-16429	132	13	(	(	PUNCT
fbem-16429	132	14	2018	2018	NUM
fbem-16429	132	15	)	)	PUNCT
fbem-16429	132	16	.	.	PUNCT
fbem-16429	133	1	belief	belief	NOUN
fbem-16429	133	2	dispersion	dispersion	NOUN
fbem-16429	133	3	in	in	ADP
fbem-16429	133	4	the	the	DET
fbem-16429	133	5	stock	stock	NOUN
fbem-16429	133	6	market	market	NOUN
fbem-16429	133	7	.	.	PUNCT
fbem-16429	134	1	the	the	DET
fbem-16429	134	2	journal	journal	PROPN
fbem-16429	134	3	of	of	ADP
fbem-16429	134	4	finance	finance	NOUN
fbem-16429	134	5	,	,	PUNCT
fbem-16429	134	6	73(3	73(3	NUM
fbem-16429	134	7	)	)	PUNCT
fbem-16429	134	8	,	,	PUNCT
fbem-16429	134	9	1225	1225	NUM
fbem-16429	134	10	-	-	SYM
fbem-16429	134	11	1279	1279	NUM
fbem-16429	134	12	.	.	PUNCT
fbem-16429	135	1	[	[	X
fbem-16429	135	2	2	2	NUM
fbem-16429	135	3	]	]	PUNCT
fbem-16429	135	4	bajzik	bajzik	NOUN
fbem-16429	135	5	,	,	PUNCT
fbem-16429	135	6	j.	j.	PROPN
fbem-16429	135	7	(	(	PUNCT
fbem-16429	135	8	2021	2021	NUM
fbem-16429	135	9	)	)	PUNCT
fbem-16429	135	10	.	.	PUNCT
fbem-16429	136	1	trading	trading	NOUN
fbem-16429	136	2	volume	volume	NOUN
fbem-16429	136	3	and	and	CCONJ
fbem-16429	136	4	stock	stock	NOUN
fbem-16429	136	5	returns	return	NOUN
fbem-16429	136	6	:	:	PUNCT
fbem-16429	136	7	a	a	DET
fbem-16429	136	8	metaanalysis	metaanalysis	NOUN
fbem-16429	136	9	.	.	PUNCT
fbem-16429	137	1	international	international	ADJ
fbem-16429	137	2	review	review	NOUN
fbem-16429	137	3	of	of	ADP
fbem-16429	137	4	financial	financial	ADJ
fbem-16429	137	5	analysis	analysis	NOUN
fbem-16429	137	6	,	,	PUNCT
fbem-16429	137	7	78	78	NUM
fbem-16429	137	8	,	,	PUNCT
fbem-16429	137	9	101923	101923	NUM
fbem-16429	137	10	.	.	PUNCT
fbem-16429	138	1	[	[	X
fbem-16429	138	2	3	3	NUM
fbem-16429	138	3	]	]	X
fbem-16429	138	4	chiang	chiang	PROPN
fbem-16429	138	5	,	,	PUNCT
fbem-16429	138	6	t.	t.	PROPN
fbem-16429	138	7	c.	c.	PROPN
fbem-16429	138	8	,	,	PUNCT
fbem-16429	138	9	li	li	PROPN
fbem-16429	138	10	,	,	PUNCT
fbem-16429	138	11	j.	j.	PROPN
fbem-16429	138	12	,	,	PUNCT
fbem-16429	138	13	&	&	CCONJ
fbem-16429	138	14	tan	tan	PROPN
fbem-16429	138	15	,	,	PUNCT
fbem-16429	138	16	l.	l.	PROPN
fbem-16429	138	17	(	(	PUNCT
fbem-16429	138	18	2010	2010	NUM
fbem-16429	138	19	)	)	PUNCT
fbem-16429	138	20	.	.	PUNCT
fbem-16429	139	1	empirical	empirical	ADJ
fbem-16429	139	2	investigation	investigation	NOUN
fbem-16429	139	3	of	of	ADP
fbem-16429	139	4	herding	herd	VERB
fbem-16429	139	5	behavior	behavior	NOUN
fbem-16429	139	6	in	in	ADP
fbem-16429	139	7	chinese	chinese	ADJ
fbem-16429	139	8	stock	stock	NOUN
fbem-16429	139	9	markets	market	NOUN
fbem-16429	139	10	:	:	PUNCT
fbem-16429	139	11	evidence	evidence	NOUN
fbem-16429	139	12	from	from	ADP
fbem-16429	139	13	quantile	quantile	ADJ
fbem-16429	139	14	regression	regression	NOUN
fbem-16429	139	15	analysis	analysis	NOUN
fbem-16429	139	16	.	.	PUNCT
fbem-16429	140	1	global	global	ADJ
fbem-16429	140	2	finance	finance	PROPN
fbem-16429	140	3	journal	journal	NOUN
fbem-16429	140	4	,	,	PUNCT
fbem-16429	140	5	21(1	21(1	NUM
fbem-16429	140	6	)	)	PUNCT
fbem-16429	140	7	,	,	PUNCT
fbem-16429	140	8	111	111	NUM
fbem-16429	140	9	-	-	SYM
fbem-16429	140	10	124	124	NUM
fbem-16429	140	11	.	.	PUNCT
fbem-16429	141	1	[	[	X
fbem-16429	141	2	4	4	NUM
fbem-16429	141	3	]	]	X
fbem-16429	141	4	dong	dong	PROPN
fbem-16429	141	5	,	,	PUNCT
fbem-16429	141	6	m.	m.	NOUN
fbem-16429	141	7	,	,	PUNCT
fbem-16429	141	8	hirshleifer	hirshleifer	NOUN
fbem-16429	141	9	,	,	PUNCT
fbem-16429	141	10	d.	d.	PROPN
fbem-16429	141	11	,	,	PUNCT
fbem-16429	141	12	&	&	CCONJ
fbem-16429	141	13	teoh	teoh	PROPN
fbem-16429	141	14	,	,	PUNCT
fbem-16429	141	15	s.	s.	PROPN
fbem-16429	141	16	h.	h.	PROPN
fbem-16429	141	17	(	(	PUNCT
fbem-16429	141	18	2017	2017	NUM
fbem-16429	141	19	)	)	PUNCT
fbem-16429	141	20	.	.	PUNCT
fbem-16429	142	1	stock	stock	NOUN
fbem-16429	142	2	market	market	NOUN
fbem-16429	142	3	overvaluation	overvaluation	NOUN
fbem-16429	142	4	,	,	PUNCT
fbem-16429	142	5	moon	moon	NOUN
fbem-16429	142	6	shots	shot	VERB
fbem-16429	142	7	,	,	PUNCT
fbem-16429	142	8	and	and	CCONJ
fbem-16429	142	9	corporate	corporate	ADJ
fbem-16429	142	10	innovation	innovation	NOUN
fbem-16429	142	11	:	:	PUNCT
fbem-16429	142	12	national	national	ADJ
fbem-16429	142	13	bureau	bureau	PROPN
fbem-16429	142	14	of	of	ADP
fbem-16429	142	15	economic	economic	ADJ
fbem-16429	142	16	research	research	NOUN
fbem-16429	142	17	.	.	PUNCT
fbem-16429	143	1	[	[	X
fbem-16429	143	2	5	5	NUM
fbem-16429	143	3	]	]	SYM
fbem-16429	143	4	han	han	PROPN
fbem-16429	143	5	,	,	PUNCT
fbem-16429	143	6	y.	y.	PROPN
fbem-16429	143	7	,	,	PUNCT
fbem-16429	143	8	huang	huang	PROPN
fbem-16429	143	9	,	,	PUNCT
fbem-16429	143	10	d.	d.	PROPN
fbem-16429	143	11	,	,	PUNCT
fbem-16429	143	12	huang	huang	PROPN
fbem-16429	143	13	,	,	PUNCT
fbem-16429	143	14	d.	d.	PROPN
fbem-16429	143	15	,	,	PUNCT
fbem-16429	143	16	&	&	CCONJ
fbem-16429	143	17	zhou	zhou	PROPN
fbem-16429	143	18	,	,	PUNCT
fbem-16429	143	19	g.	g.	PROPN
fbem-16429	143	20	(	(	PUNCT
fbem-16429	143	21	2022	2022	NUM
fbem-16429	143	22	)	)	PUNCT
fbem-16429	143	23	.	.	PUNCT
fbem-16429	144	1	expected	expect	VERB
fbem-16429	144	2	return	return	NOUN
fbem-16429	144	3	,	,	PUNCT
fbem-16429	144	4	volume	volume	NOUN
fbem-16429	144	5	,	,	PUNCT
fbem-16429	144	6	and	and	CCONJ
fbem-16429	144	7	mispricing	misprice	VERB
fbem-16429	144	8	.	.	PUNCT
fbem-16429	145	1	journal	journal	NOUN
fbem-16429	145	2	of	of	ADP
fbem-16429	145	3	financial	financial	ADJ
fbem-16429	145	4	economics	economic	NOUN
fbem-16429	145	5	,	,	PUNCT
fbem-16429	145	6	143(3	143(3	NUM
fbem-16429	145	7	)	)	PUNCT
fbem-16429	145	8	,	,	PUNCT
fbem-16429	145	9	1295	1295	NUM
fbem-16429	145	10	-	-	SYM
fbem-16429	145	11	1315	1315	NUM
fbem-16429	145	12	.	.	PUNCT
fbem-16429	146	1	[	[	X
fbem-16429	146	2	6	6	NUM
fbem-16429	146	3	]	]	PUNCT
fbem-16429	146	4	jacobs	jacobs	PROPN
fbem-16429	146	5	,	,	PUNCT
fbem-16429	146	6	h.	h.	PROPN
fbem-16429	146	7	,	,	PUNCT
fbem-16429	146	8	&	&	CCONJ
fbem-16429	146	9	müller	müller	PROPN
fbem-16429	146	10	,	,	PUNCT
fbem-16429	146	11	s.	s.	PROPN
fbem-16429	146	12	(	(	PUNCT
fbem-16429	146	13	2020	2020	NUM
fbem-16429	146	14	)	)	PUNCT
fbem-16429	146	15	.	.	PUNCT
fbem-16429	147	1	anomalies	anomaly	NOUN
fbem-16429	147	2	across	across	ADP
fbem-16429	147	3	the	the	DET
fbem-16429	147	4	globe	globe	NOUN
fbem-16429	147	5	:	:	PUNCT
fbem-16429	147	6	once	once	ADV
fbem-16429	147	7	public	public	ADJ
fbem-16429	147	8	,	,	PUNCT
fbem-16429	147	9	no	no	ADV
fbem-16429	147	10	longer	long	ADV
fbem-16429	147	11	existent	existent	ADJ
fbem-16429	147	12	?	?	PUNCT
fbem-16429	148	1	journal	journal	NOUN
fbem-16429	148	2	of	of	ADP
fbem-16429	148	3	financial	financial	ADJ
fbem-16429	148	4	economics	economic	NOUN
fbem-16429	148	5	,	,	PUNCT
fbem-16429	148	6	135(1	135(1	NUM
fbem-16429	148	7	)	)	PUNCT
fbem-16429	148	8	,	,	PUNCT
fbem-16429	148	9	213	213	NUM
fbem-16429	148	10	-	-	SYM
fbem-16429	148	11	230	230	NUM
fbem-16429	148	12	.	.	PUNCT
fbem-16429	149	1	[	[	X
fbem-16429	149	2	7	7	X
fbem-16429	149	3	]	]	X
fbem-16429	149	4	liu	liu	PROPN
fbem-16429	149	5	,	,	PUNCT
fbem-16429	149	6	j.	j.	PROPN
fbem-16429	149	7	,	,	PUNCT
fbem-16429	149	8	stambaugh	stambaugh	PROPN
fbem-16429	149	9	,	,	PUNCT
fbem-16429	149	10	r.	r.	PROPN
fbem-16429	149	11	f.	f.	PROPN
fbem-16429	149	12	,	,	PUNCT
fbem-16429	149	13	&	&	CCONJ
fbem-16429	149	14	yuan	yuan	PROPN
fbem-16429	149	15	,	,	PUNCT
fbem-16429	149	16	y.	y.	PROPN
fbem-16429	149	17	(	(	PUNCT
fbem-16429	149	18	2019	2019	NUM
fbem-16429	149	19	)	)	PUNCT
fbem-16429	149	20	.	.	PUNCT
fbem-16429	150	1	size	size	NOUN
fbem-16429	150	2	and	and	CCONJ
fbem-16429	150	3	value	value	NOUN
fbem-16429	150	4	in	in	ADP
fbem-16429	150	5	china	china	PROPN
fbem-16429	150	6	.	.	PUNCT
fbem-16429	151	1	journal	journal	PROPN
fbem-16429	151	2	of	of	ADP
fbem-16429	151	3	financial	financial	ADJ
fbem-16429	151	4	economics	economic	NOUN
fbem-16429	151	5	,	,	PUNCT
fbem-16429	151	6	134(1	134(1	NUM
fbem-16429	151	7	)	)	PUNCT
fbem-16429	151	8	,	,	PUNCT
fbem-16429	151	9	48	48	NUM
fbem-16429	151	10	-	-	SYM
fbem-16429	151	11	69	69	NUM
fbem-16429	151	12	.	.	PUNCT
fbem-16429	152	1	[	[	X
fbem-16429	152	2	8	8	NUM
fbem-16429	152	3	]	]	X
fbem-16429	152	4	chen	chen	PROPN
fbem-16429	152	5	,	,	PUNCT
fbem-16429	152	6	p.	p.	NOUN
fbem-16429	152	7	,	,	PUNCT
fbem-16429	152	8	&	&	CCONJ
fbem-16429	152	9	long	long	ADV
fbem-16429	152	10	,	,	PUNCT
fbem-16429	152	11	h.	h.	PROPN
fbem-16429	152	12	(	(	PUNCT
fbem-16429	152	13	2003	2003	NUM
fbem-16429	152	14	)	)	PUNCT
fbem-16429	152	15	.	.	PUNCT
fbem-16429	153	1	empirical	empirical	ADJ
fbem-16429	153	2	analysis	analysis	NOUN
fbem-16429	153	3	and	and	CCONJ
fbem-16429	153	4	policy	policy	NOUN
fbem-16429	153	5	suggestions	suggestion	NOUN
fbem-16429	153	6	on	on	ADP
fbem-16429	153	7	the	the	DET
fbem-16429	153	8	rise	rise	NOUN
fbem-16429	153	9	and	and	CCONJ
fbem-16429	153	10	fall	fall	VERB
fbem-16429	153	11	limit	limit	NOUN
fbem-16429	153	12	performance	performance	NOUN
fbem-16429	153	13	of	of	ADP
fbem-16429	153	14	chinese	chinese	ADJ
fbem-16429	153	15	stock	stock	NOUN
fbem-16429	153	16	market	market	NOUN
fbem-16429	153	17	.	.	PUNCT
fbem-16429	154	1	world	world	NOUN
fbem-16429	154	2	economy	economy	NOUN
fbem-16429	154	3	(	(	PUNCT
fbem-16429	154	4	02	02	NUM
fbem-16429	154	5	)	)	PUNCT
fbem-16429	154	6	,	,	PUNCT
fbem-16429	154	7	56	56	NUM
fbem-16429	154	8	-	-	SYM
fbem-16429	154	9	65	65	NUM
fbem-16429	154	10	.	.	PUNCT
fbem-16429	155	1	(	(	PUNCT
fbem-16429	155	2	in	in	ADP
fbem-16429	155	3	chinese	chinese	PROPN
fbem-16429	155	4	)	)	PUNCT
fbem-16429	156	1	[	[	X
fbem-16429	156	2	9	9	NUM
fbem-16429	156	3	]	]	X
fbem-16429	156	4	dai	dai	PROPN
fbem-16429	156	5	,	,	PUNCT
fbem-16429	156	6	f.	f.	PROPN
fbem-16429	156	7	&	&	CCONJ
fbem-16429	156	8	yin	yin	PROPN
fbem-16429	156	9	,	,	PUNCT
fbem-16429	156	10	l.	l.	PROPN
fbem-16429	156	11	(	(	PUNCT
fbem-16429	156	12	2017	2017	NUM
fbem-16429	156	13	)	)	PUNCT
fbem-16429	156	14	.	.	PUNCT
fbem-16429	157	1	systematic	systematic	ADJ
fbem-16429	157	2	risk	risk	NOUN
fbem-16429	157	3	in	in	ADP
fbem-16429	157	4	china	china	PROPN
fbem-16429	157	5	's	's	PART
fbem-16429	157	6	capital	capital	NOUN
fbem-16429	157	7	market	market	NOUN
fbem-16429	157	8	:	:	PUNCT
fbem-16429	157	9	risk	risk	NOUN
fbem-16429	157	10	linkage	linkage	NOUN
fbem-16429	157	11	based	base	VERB
fbem-16429	157	12	on	on	ADP
fbem-16429	157	13	individual	individual	ADJ
fbem-16429	157	14	stocks	stock	NOUN
fbem-16429	157	15	.	.	PUNCT
fbem-16429	158	1	investment	investment	NOUN
fbem-16429	158	2	research	research	NOUN
fbem-16429	158	3	,	,	PUNCT
fbem-16429	158	4	36(04	36(04	PROPN
fbem-16429	158	5	)	)	PUNCT
fbem-16429	158	6	,	,	PUNCT
fbem-16429	158	7	75	75	NUM
fbem-16429	158	8	-	-	SYM
fbem-16429	158	9	89	89	NUM
fbem-16429	158	10	.	.	PUNCT
fbem-16429	159	1	(	(	PUNCT
fbem-16429	159	2	in	in	ADP
fbem-16429	159	3	chinese	chinese	PROPN
fbem-16429	159	4	)	)	PUNCT
fbem-16429	160	1	[	[	X
fbem-16429	160	2	10	10	NUM
fbem-16429	160	3	]	]	X
fbem-16429	160	4	huang	huang	PROPN
fbem-16429	160	5	,	,	PUNCT
fbem-16429	160	6	y.	y.	PROPN
fbem-16429	160	7	,	,	PUNCT
fbem-16429	160	8	xie	xie	PROPN
fbem-16429	160	9	,	,	PUNCT
fbem-16429	160	10	q.	q.	PROPN
fbem-16429	160	11	&	&	CCONJ
fbem-16429	160	12	hu	hu	PROPN
fbem-16429	160	13	,	,	PUNCT
fbem-16429	160	14	x.	x.	NOUN
fbem-16429	160	15	(	(	PUNCT
fbem-16429	160	16	2018	2018	NUM
fbem-16429	160	17	)	)	PUNCT
fbem-16429	160	18	.	.	PUNCT
fbem-16429	161	1	financial	financial	ADJ
fbem-16429	161	2	science	science	NOUN
fbem-16429	161	3	(	(	PUNCT
fbem-16429	161	4	10	10	NUM
fbem-16429	161	5	)	)	PUNCT
fbem-16429	161	6	,	,	PUNCT
fbem-16429	161	7	24	24	NUM
fbem-16429	161	8	-	-	SYM
fbem-16429	161	9	35	35	NUM
fbem-16429	161	10	.	.	PUNCT
fbem-16429	162	1	(	(	PUNCT
fbem-16429	162	2	in	in	ADP
fbem-16429	162	3	chinese	chinese	PROPN
fbem-16429	162	4	)	)	PUNCT
fbem-16429	163	1	[	[	X
fbem-16429	163	2	11	11	NUM
fbem-16429	163	3	]	]	X
fbem-16429	163	4	xie	xie	PROPN
fbem-16429	163	5	,	,	PUNCT
fbem-16429	163	6	b.	b.	PROPN
fbem-16429	163	7	,	,	PUNCT
fbem-16429	163	8	gao	gao	PROPN
fbem-16429	163	9	,	,	PUNCT
fbem-16429	163	10	r.	r.	PROPN
fbem-16429	163	11	&	&	CCONJ
fbem-16429	163	12	ma	ma	PROPN
fbem-16429	163	13	,	,	PUNCT
fbem-16429	163	14	z.	z.	PROPN
fbem-16429	163	15	(	(	PUNCT
fbem-16429	163	16	2002	2002	NUM
fbem-16429	163	17	)	)	PUNCT
fbem-16429	163	18	.	.	PUNCT
fbem-16429	164	1	the	the	DET
fbem-16429	164	2	journal	journal	NOUN
fbem-16429	164	3	of	of	ADP
fbem-16429	164	4	quantitative	quantitative	ADJ
fbem-16429	164	5	and	and	CCONJ
fbem-16429	164	6	technical	technical	ADJ
fbem-16429	164	7	economics	economic	NOUN
fbem-16429	164	8	(	(	PUNCT
fbem-16429	164	9	05	05	NUM
fbem-16429	164	10	)	)	PUNCT
fbem-16429	164	11	,	,	PUNCT
fbem-16429	164	12	100	100	NUM
fbem-16429	164	13	-	-	SYM
fbem-16429	164	14	103	103	NUM
fbem-16429	164	15	.	.	PUNCT
fbem-16429	165	1	(	(	PUNCT
fbem-16429	165	2	in	in	ADP
fbem-16429	165	3	chinese	chinese	PROPN
fbem-16429	165	4	)	)	PUNCT
fbem-16429	166	1	[	[	X
fbem-16429	166	2	12	12	NUM
fbem-16429	166	3	]	]	X
fbem-16429	166	4	lu	lu	PROPN
fbem-16429	166	5	,	,	PUNCT
fbem-16429	166	6	r.	r.	PROPN
fbem-16429	166	7	,	,	PUNCT
fbem-16429	166	8	he	he	PRON
fbem-16429	166	9	,	,	PUNCT
fbem-16429	166	10	j.	j.	PROPN
fbem-16429	166	11	&	&	CCONJ
fbem-16429	166	12	cui	cui	PROPN
fbem-16429	166	13	,	,	PUNCT
fbem-16429	166	14	x.	x.	NOUN
fbem-16429	166	15	(	(	PUNCT
fbem-16429	166	16	2017	2017	NUM
fbem-16429	166	17	)	)	PUNCT
fbem-16429	166	18	.	.	PUNCT
fbem-16429	167	1	economic	economic	ADJ
fbem-16429	167	2	research	research	NOUN
fbem-16429	167	3	journal	journal	NOUN
fbem-16429	167	4	,	,	PUNCT
fbem-16429	167	5	52(11	52(11	PROPN
fbem-16429	167	6	)	)	PUNCT
fbem-16429	167	7	,	,	PUNCT
fbem-16429	167	8	104	104	NUM
fbem-16429	167	9	-	-	SYM
fbem-16429	167	10	118	118	NUM
fbem-16429	167	11	.	.	PUNCT
fbem-16429	168	1	(	(	PUNCT
fbem-16429	168	2	in	in	ADP
fbem-16429	168	3	chinese	chinese	PROPN
fbem-16429	168	4	)	)	PUNCT
fbem-16429	169	1	[	[	X
fbem-16429	169	2	13	13	NUM
fbem-16429	169	3	]	]	SYM
fbem-16429	169	4	song	song	NOUN
fbem-16429	169	5	,	,	PUNCT
fbem-16429	169	6	s.	s.	PROPN
fbem-16429	169	7	,	,	PUNCT
fbem-16429	169	8	&	&	CCONJ
fbem-16429	169	9	tang	tang	PROPN
fbem-16429	169	10	,	,	PUNCT
fbem-16429	169	11	s.	s.	PROPN
fbem-16429	169	12	(	(	PUNCT
fbem-16429	169	13	2019	2019	NUM
fbem-16429	169	14	)	)	PUNCT
fbem-16429	169	15	.	.	PUNCT
fbem-16429	170	1	first	first	ADJ
fbem-16429	170	2	-	-	PUNCT
fbem-16429	170	3	day	day	NOUN
fbem-16429	170	4	price	price	NOUN
fbem-16429	170	5	control	control	NOUN
fbem-16429	170	6	and	and	CCONJ
fbem-16429	170	7	ipo	ipo	NOUN
fbem-16429	170	8	speculation	speculation	NOUN
fbem-16429	170	9	:	:	PUNCT
fbem-16429	170	10	restraint	restraint	NOUN
fbem-16429	170	11	or	or	CCONJ
fbem-16429	170	12	encouragement	encouragement	NOUN
fbem-16429	170	13	?	?	PUNCT
fbem-16429	171	1	management	management	NOUN
fbem-16429	171	2	world	world	NOUN
fbem-16429	171	3	,	,	PUNCT
fbem-16429	171	4	35(01	35(01	NUM
fbem-16429	171	5	)	)	PUNCT
fbem-16429	171	6	,	,	PUNCT
fbem-16429	171	7	211	211	NUM
fbem-16429	171	8	-	-	SYM
fbem-16429	171	9	224	224	NUM
fbem-16429	171	10	.	.	PUNCT
fbem-16429	172	1	(	(	PUNCT
fbem-16429	172	2	in	in	ADP
fbem-16429	172	3	chinese	chinese	PROPN
fbem-16429	172	4	)	)	PUNCT
fbem-16429	173	1	[	[	X
fbem-16429	173	2	14	14	NUM
fbem-16429	173	3	]	]	SYM
fbem-16429	173	4	su	su	PROPN
fbem-16429	173	5	,	,	PUNCT
fbem-16429	173	6	d.	d.	PROPN
fbem-16429	173	7	,	,	PUNCT
fbem-16429	173	8	&	&	CCONJ
fbem-16429	173	9	mai	mai	PROPN
fbem-16429	173	10	,	,	PUNCT
fbem-16429	173	11	y.	y.	PROPN
fbem-16429	173	12	(	(	PUNCT
fbem-16429	173	13	2004	2004	NUM
fbem-16429	173	14	)	)	PUNCT
fbem-16429	173	15	.	.	PUNCT
fbem-16429	174	1	liquidity	liquidity	NOUN
fbem-16429	174	2	and	and	CCONJ
fbem-16429	174	3	asset	asset	NOUN
fbem-16429	174	4	pricing	pricing	NOUN
fbem-16429	174	5	:	:	PUNCT
fbem-16429	174	6	an	an	DET
fbem-16429	174	7	empirical	empirical	ADJ
fbem-16429	174	8	study	study	NOUN
fbem-16429	174	9	on	on	ADP
fbem-16429	174	10	asset	asset	NOUN
fbem-16429	174	11	turnover	turnover	NOUN
fbem-16429	174	12	rate	rate	NOUN
fbem-16429	174	13	and	and	CCONJ
fbem-16429	174	14	expected	expect	VERB
fbem-16429	174	15	return	return	NOUN
fbem-16429	174	16	in	in	ADP
fbem-16429	174	17	chinese	chinese	ADJ
fbem-16429	174	18	stock	stock	NOUN
fbem-16429	174	19	market	market	NOUN
fbem-16429	174	20	.	.	PUNCT
fbem-16429	175	1	economic	economic	ADJ
fbem-16429	175	2	research	research	NOUN
fbem-16429	175	3	(	(	PUNCT
fbem-16429	175	4	02	02	NUM
fbem-16429	175	5	)	)	PUNCT
fbem-16429	175	6	,	,	PUNCT
fbem-16429	175	7	95	95	NUM
fbem-16429	175	8	-	-	SYM
fbem-16429	175	9	105	105	NUM
fbem-16429	175	10	.	.	PUNCT
fbem-16429	176	1	(	(	PUNCT
fbem-16429	176	2	in	in	ADP
fbem-16429	176	3	chinese	chinese	PROPN
fbem-16429	176	4	)	)	PUNCT
fbem-16429	177	1	[	[	X
fbem-16429	177	2	15	15	NUM
fbem-16429	177	3	]	]	X
fbem-16429	177	4	wang	wang	PROPN
fbem-16429	177	5	,	,	PUNCT
fbem-16429	177	6	c.	c.	PROPN
fbem-16429	177	7	,	,	PUNCT
fbem-16429	177	8	&	&	CCONJ
fbem-16429	177	9	wang	wang	PROPN
fbem-16429	177	10	,	,	PUNCT
fbem-16429	177	11	z.	z.	PROPN
fbem-16429	177	12	(	(	PUNCT
fbem-16429	177	13	2017	2017	NUM
fbem-16429	177	14	)	)	PUNCT
fbem-16429	177	15	.	.	PUNCT
fbem-16429	178	1	margin	margin	NOUN
fbem-16429	178	2	trading	trading	NOUN
fbem-16429	178	3	and	and	CCONJ
fbem-16429	178	4	stock	stock	NOUN
fbem-16429	178	5	price	price	NOUN
fbem-16429	178	6	volatility	volatility	NOUN
fbem-16429	178	7	:	:	PUNCT
fbem-16429	178	8	a	a	DET
fbem-16429	178	9	comparative	comparative	ADJ
fbem-16429	178	10	study	study	NOUN
fbem-16429	178	11	of	of	ADP
fbem-16429	178	12	ah	ah	INTJ
fbem-16429	178	13	shares	share	NOUN
fbem-16429	178	14	.	.	PUNCT
fbem-16429	179	1	economic	economic	ADJ
fbem-16429	179	2	research	research	NOUN
fbem-16429	179	3	journal	journal	NOUN
fbem-16429	179	4	,	,	PUNCT
fbem-16429	179	5	52(04	52(04	NUM
fbem-16429	179	6	)	)	PUNCT
fbem-16429	179	7	,	,	PUNCT
fbem-16429	179	8	151	151	NUM
fbem-16429	179	9	-	-	SYM
fbem-16429	179	10	165	165	NUM
fbem-16429	179	11	.	.	PUNCT
fbem-16429	180	1	(	(	PUNCT
fbem-16429	180	2	in	in	ADP
fbem-16429	180	3	chinese	chinese	PROPN
fbem-16429	180	4	)	)	PUNCT
fbem-16429	181	1	[	[	X
fbem-16429	181	2	16	16	NUM
fbem-16429	181	3	]	]	SYM
fbem-16429	181	4	wu	wu	PROPN
fbem-16429	181	5	,	,	PUNCT
fbem-16429	181	6	y.	y.	PROPN
fbem-16429	181	7	&	&	CCONJ
fbem-16429	181	8	han	han	PROPN
fbem-16429	181	9	,	,	PUNCT
fbem-16429	181	10	l.	l.	PROPN
fbem-16429	181	11	(	(	PUNCT
fbem-16429	181	12	2007	2007	NUM
fbem-16429	181	13	)	)	PUNCT
fbem-16429	181	14	.	.	PUNCT
fbem-16429	182	1	imperfect	imperfect	ADJ
fbem-16429	182	2	rationality	rationality	NOUN
fbem-16429	182	3	,	,	PUNCT
fbem-16429	182	4	investor	investor	NOUN
fbem-16429	182	5	sentiment	sentiment	NOUN
fbem-16429	182	6	and	and	CCONJ
fbem-16429	182	7	the	the	DET
fbem-16429	182	8	mystery	mystery	NOUN
fbem-16429	182	9	of	of	ADP
fbem-16429	182	10	closed	close	VERB
fbem-16429	182	11	-	-	PUNCT
fbem-16429	182	12	end	end	NOUN
fbem-16429	182	13	funds	fund	NOUN
fbem-16429	182	14	.	.	PUNCT
fbem-16429	183	1	economic	economic	ADJ
fbem-16429	183	2	research	research	NOUN
fbem-16429	183	3	(	(	PUNCT
fbem-16429	183	4	03	03	NUM
fbem-16429	183	5	)	)	PUNCT
fbem-16429	183	6	,	,	PUNCT
fbem-16429	183	7	117	117	NUM
fbem-16429	183	8	-	-	SYM
fbem-16429	183	9	129	129	NUM
fbem-16429	183	10	.	.	PUNCT
fbem-16429	184	1	(	(	PUNCT
fbem-16429	184	2	in	in	ADP
fbem-16429	184	3	chinese	chinese	PROPN
fbem-16429	184	4	)	)	PUNCT
fbem-16429	185	1	[	[	X
fbem-16429	185	2	17	17	NUM
fbem-16429	185	3	]	]	X
fbem-16429	185	4	xu	xu	PROPN
fbem-16429	185	5	,	,	PUNCT
fbem-16429	185	6	s.	s.	PROPN
fbem-16429	185	7	&	&	CCONJ
fbem-16429	185	8	xu	xu	PROPN
fbem-16429	185	9	,	,	PUNCT
fbem-16429	185	10	l.	l.	PROPN
fbem-16429	185	11	(	(	PUNCT
fbem-16429	185	12	2015	2015	NUM
fbem-16429	185	13	)	)	PUNCT
fbem-16429	185	14	.	.	PUNCT
fbem-16429	186	1	information	information	NOUN
fbem-16429	186	2	disclosure	disclosure	NOUN
fbem-16429	186	3	quality	quality	NOUN
fbem-16429	186	4	and	and	CCONJ
fbem-16429	186	5	valuation	valuation	NOUN
fbem-16429	186	6	bias	bias	NOUN
fbem-16429	186	7	in	in	ADP
fbem-16429	186	8	capital	capital	NOUN
fbem-16429	186	9	market	market	NOUN
fbem-16429	186	10	.	.	PUNCT
fbem-16429	187	1	accounting	accounting	NOUN
fbem-16429	187	2	research	research	NOUN
fbem-16429	187	3	(	(	PUNCT
fbem-16429	187	4	01	01	NUM
fbem-16429	187	5	)	)	PUNCT
fbem-16429	187	6	,	,	PUNCT
fbem-16429	187	7	4047	4047	NUM
fbem-16429	187	8	.	.	PUNCT
fbem-16429	188	1	(	(	PUNCT
fbem-16429	188	2	in	in	ADP
fbem-16429	188	3	chinese	chinese	PROPN
fbem-16429	188	4	)	)	PUNCT
fbem-16429	189	1	[	[	X
fbem-16429	189	2	18	18	NUM
fbem-16429	189	3	]	]	PUNCT
fbem-16429	189	4	you	you	PRON
fbem-16429	189	5	,	,	PUNCT
fbem-16429	189	6	j.	j.	PROPN
fbem-16429	189	7	&	&	CCONJ
fbem-16429	189	8	wu	wu	PROPN
fbem-16429	189	9	,	,	PUNCT
fbem-16429	189	10	j.	j.	PROPN
fbem-16429	189	11	(	(	PUNCT
fbem-16429	189	12	2012	2012	NUM
fbem-16429	189	13	)	)	PUNCT
fbem-16429	189	14	.	.	PUNCT
fbem-16429	190	1	spiral	spiral	ADJ
fbem-16429	190	2	of	of	ADP
fbem-16429	190	3	silence	silence	NOUN
fbem-16429	190	4	:	:	PUNCT
fbem-16429	190	5	media	medium	NOUN
fbem-16429	190	6	sentiment	sentiment	NOUN
fbem-16429	190	7	and	and	CCONJ
fbem-16429	190	8	asset	asset	NOUN
fbem-16429	190	9	mispricing	misprice	VERB
fbem-16429	190	10	.	.	PUNCT
fbem-16429	191	1	economic	economic	ADJ
fbem-16429	191	2	research	research	NOUN
fbem-16429	191	3	journal	journal	NOUN
fbem-16429	191	4	,	,	PUNCT
fbem-16429	191	5	47(07	47(07	NUM
fbem-16429	191	6	)	)	PUNCT
fbem-16429	191	7	,	,	PUNCT
fbem-16429	191	8	141	141	NUM
fbem-16429	191	9	-	-	SYM
fbem-16429	191	10	152	152	NUM
fbem-16429	191	11	.	.	PUNCT
fbem-16429	192	1	(	(	PUNCT
fbem-16429	192	2	in	in	ADP
fbem-16429	192	3	chinese	chinese	PROPN
fbem-16429	192	4	)	)	PUNCT
fbem-16429	193	1	[	[	X
fbem-16429	193	2	19	19	NUM
fbem-16429	193	3	]	]	X
fbem-16429	193	4	zhou	zhou	PROPN
fbem-16429	193	5	,	,	PUNCT
fbem-16429	193	6	r.	r.	PROPN
fbem-16429	193	7	&	&	CCONJ
fbem-16429	193	8	wu	wu	PROPN
fbem-16429	193	9	,	,	PUNCT
fbem-16429	193	10	c.	c.	PROPN
fbem-16429	193	11	(	(	PUNCT
fbem-16429	193	12	2009	2009	NUM
fbem-16429	193	13	)	)	PUNCT
fbem-16429	193	14	.	.	PUNCT
fbem-16429	194	1	journal	journal	PROPN
fbem-16429	194	2	of	of	ADP
fbem-16429	194	3	shanghai	shanghai	PROPN
fbem-16429	194	4	jiaotong	jiaotong	PROPN
fbem-16429	194	5	university	university	PROPN
fbem-16429	194	6	,	,	PUNCT
fbem-16429	194	7	43	43	NUM
fbem-16429	194	8	(	(	PUNCT
fbem-16429	194	9	4	4	NUM
fbem-16429	194	10	)	)	PUNCT
fbem-16429	194	11	,	,	PUNCT
fbem-16429	194	12	537	537	NUM
fbem-16429	194	13	-	-	SYM
fbem-16429	194	14	543	543	NUM
fbem-16429	194	15	.	.	PUNCT
fbem-16429	195	1	(	(	PUNCT
fbem-16429	195	2	in	in	ADP
fbem-16429	195	3	chinese	chinese	PROPN
fbem-16429	195	4	)	)	PUNCT
fbem-16429	196	1	[	[	X
fbem-16429	196	2	20	20	NUM
fbem-16429	196	3	]	]	X
fbem-16429	196	4	zhu	zhu	PROPN
fbem-16429	196	5	,	,	PUNCT
fbem-16429	196	6	k.	k.	PROPN
fbem-16429	196	7	&	&	CCONJ
fbem-16429	196	8	li	li	PROPN
fbem-16429	196	9	,	,	PUNCT
fbem-16429	196	10	j.	j.	PROPN
fbem-16429	196	11	(	(	PUNCT
fbem-16429	196	12	2013	2013	NUM
fbem-16429	196	13	)	)	PUNCT
fbem-16429	196	14	.	.	PUNCT
fbem-16429	197	1	composite	composite	ADJ
fbem-16429	197	2	evaluation	evaluation	NOUN
fbem-16429	197	3	of	of	ADP
fbem-16429	197	4	stock	stock	NOUN
fbem-16429	197	5	market	market	NOUN
fbem-16429	197	6	efficiency	efficiency	NOUN
fbem-16429	197	7	in	in	ADP
fbem-16429	197	8	china	china	PROPN
fbem-16429	197	9	.	.	PUNCT
fbem-16429	198	1	mathematical	mathematical	ADJ
fbem-16429	198	2	statistics	statistic	NOUN
fbem-16429	198	3	and	and	CCONJ
fbem-16429	198	4	management	management	NOUN
fbem-16429	198	5	,	,	PUNCT
fbem-16429	198	6	32	32	NUM
fbem-16429	198	7	(	(	PUNCT
fbem-16429	198	8	01	01	NUM
fbem-16429	198	9	)	)	PUNCT
fbem-16429	198	10	,	,	PUNCT
fbem-16429	198	11	145	145	NUM
fbem-16429	198	12	-	-	SYM
fbem-16429	198	13	154	154	NUM
fbem-16429	198	14	.	.	PUNCT
fbem-16429	199	1	(	(	PUNCT
fbem-16429	199	2	in	in	ADP
fbem-16429	199	3	chinese	chinese	ADJ
fbem-16429	199	4	)	)	PUNCT