id	sid	tid	token	lemma	pos
fbem-21462	1	1	frontiers	frontier	NOUN
fbem-21462	1	2	in	in	ADP
fbem-21462	1	3	business	business	NOUN
fbem-21462	1	4	,	,	PUNCT
fbem-21462	1	5	economics	economic	NOUN
fbem-21462	1	6	and	and	CCONJ
fbem-21462	1	7	management	management	NOUN
fbem-21462	1	8	issn	issn	PROPN
fbem-21462	1	9	:	:	PUNCT
fbem-21462	1	10	2766	2766	NUM
fbem-21462	1	11	-	-	PUNCT
fbem-21462	1	12	824x	824x	NUM
fbem-21462	1	13	|	|	ADJ
fbem-21462	1	14	vol	vol	NOUN
fbem-21462	1	15	.	.	PROPN
fbem-21462	1	16	15	15	NUM
fbem-21462	1	17	,	,	PUNCT
fbem-21462	1	18	no	no	INTJ
fbem-21462	1	19	.	.	NOUN
fbem-21462	1	20	1	1	NUM
fbem-21462	1	21	,	,	PUNCT
fbem-21462	1	22	2024	2024	NUM
fbem-21462	1	23	339	339	NUM
fbem-21462	1	24	enterprise	enterprise	NOUN
fbem-21462	1	25	digital	digital	ADJ
fbem-21462	1	26	transformation	transformation	NOUN
fbem-21462	1	27	:	:	PUNCT
fbem-21462	1	28	the	the	DET
fbem-21462	1	29	engine	engine	NOUN
fbem-21462	1	30	of	of	ADP
fbem-21462	1	31	new	new	ADJ
fbem-21462	1	32	quality	quality	NOUN
fbem-21462	1	33	productivity	productivity	NOUN
fbem-21462	1	34	growth	growth	NOUN
fbem-21462	1	35	jie	jie	PROPN
fbem-21462	1	36	dong	dong	PROPN
fbem-21462	1	37	anhui	anhui	PROPN
fbem-21462	1	38	university	university	PROPN
fbem-21462	1	39	of	of	ADP
fbem-21462	1	40	finance	finance	NOUN
fbem-21462	1	41	and	and	CCONJ
fbem-21462	1	42	economics	economic	NOUN
fbem-21462	1	43	,	,	PUNCT
fbem-21462	1	44	anhui	anhui	PROPN
fbem-21462	1	45	,	,	PUNCT
fbem-21462	1	46	china	china	PROPN
fbem-21462	1	47	abstract	abstract	NOUN
fbem-21462	1	48	:	:	PUNCT
fbem-21462	1	49	in	in	ADP
fbem-21462	1	50	the	the	DET
fbem-21462	1	51	digital	digital	ADJ
fbem-21462	1	52	age	age	NOUN
fbem-21462	1	53	,	,	PUNCT
fbem-21462	1	54	digitalization	digitalization	NOUN
fbem-21462	1	55	has	have	AUX
fbem-21462	1	56	become	become	VERB
fbem-21462	1	57	an	an	DET
fbem-21462	1	58	important	important	ADJ
fbem-21462	1	59	force	force	NOUN
fbem-21462	1	60	driving	drive	VERB
fbem-21462	1	61	economic	economic	ADJ
fbem-21462	1	62	growth	growth	NOUN
fbem-21462	1	63	and	and	CCONJ
fbem-21462	1	64	social	social	ADJ
fbem-21462	1	65	progress	progress	NOUN
fbem-21462	1	66	.	.	PUNCT
fbem-21462	2	1	under	under	ADP
fbem-21462	2	2	the	the	DET
fbem-21462	2	3	guidance	guidance	NOUN
fbem-21462	2	4	of	of	ADP
fbem-21462	2	5	new	new	ADJ
fbem-21462	2	6	quality	quality	NOUN
fbem-21462	2	7	productivity	productivity	NOUN
fbem-21462	2	8	,	,	PUNCT
fbem-21462	2	9	future	future	ADJ
fbem-21462	2	10	economic	economic	ADJ
fbem-21462	2	11	and	and	CCONJ
fbem-21462	2	12	social	social	ADJ
fbem-21462	2	13	development	development	NOUN
fbem-21462	2	14	will	will	AUX
fbem-21462	2	15	pay	pay	VERB
fbem-21462	2	16	more	more	ADJ
fbem-21462	2	17	attention	attention	NOUN
fbem-21462	2	18	to	to	ADP
fbem-21462	2	19	the	the	DET
fbem-21462	2	20	improvement	improvement	NOUN
fbem-21462	2	21	of	of	ADP
fbem-21462	2	22	quality	quality	NOUN
fbem-21462	2	23	and	and	CCONJ
fbem-21462	2	24	efficiency	efficiency	NOUN
fbem-21462	2	25	,	,	PUNCT
fbem-21462	2	26	as	as	ADV
fbem-21462	2	27	well	well	ADV
fbem-21462	2	28	as	as	ADP
fbem-21462	2	29	the	the	DET
fbem-21462	2	30	comprehensive	comprehensive	ADJ
fbem-21462	2	31	development	development	NOUN
fbem-21462	2	32	of	of	ADP
fbem-21462	2	33	people	people	NOUN
fbem-21462	2	34	.	.	PUNCT
fbem-21462	3	1	this	this	DET
fbem-21462	3	2	article	article	NOUN
fbem-21462	3	3	is	be	AUX
fbem-21462	3	4	based	base	VERB
fbem-21462	3	5	on	on	ADP
fbem-21462	3	6	data	datum	NOUN
fbem-21462	3	7	from	from	ADP
fbem-21462	3	8	chinese	chinese	PROPN
fbem-21462	3	9	ashare	ashare	VERB
fbem-21462	3	10	listed	list	VERB
fbem-21462	3	11	companies	company	NOUN
fbem-21462	3	12	from	from	ADP
fbem-21462	3	13	2012	2012	NUM
fbem-21462	3	14	to	to	ADP
fbem-21462	3	15	2022	2022	NUM
fbem-21462	3	16	,	,	PUNCT
fbem-21462	3	17	and	and	CCONJ
fbem-21462	3	18	explores	explore	VERB
fbem-21462	3	19	the	the	DET
fbem-21462	3	20	impact	impact	NOUN
fbem-21462	3	21	and	and	CCONJ
fbem-21462	3	22	mechanism	mechanism	NOUN
fbem-21462	3	23	of	of	ADP
fbem-21462	3	24	digital	digital	ADJ
fbem-21462	3	25	transformation	transformation	NOUN
fbem-21462	3	26	on	on	ADP
fbem-21462	3	27	new	new	ADJ
fbem-21462	3	28	quality	quality	NOUN
fbem-21462	3	29	productivity	productivity	NOUN
fbem-21462	3	30	.	.	PUNCT
fbem-21462	4	1	the	the	DET
fbem-21462	4	2	results	result	NOUN
fbem-21462	4	3	show	show	VERB
fbem-21462	4	4	that	that	SCONJ
fbem-21462	4	5	digital	digital	ADJ
fbem-21462	4	6	transformation	transformation	NOUN
fbem-21462	4	7	can	can	AUX
fbem-21462	4	8	effectively	effectively	ADV
fbem-21462	4	9	improve	improve	VERB
fbem-21462	4	10	new	new	ADJ
fbem-21462	4	11	quality	quality	NOUN
fbem-21462	4	12	productivity	productivity	NOUN
fbem-21462	4	13	,	,	PUNCT
fbem-21462	4	14	and	and	CCONJ
fbem-21462	4	15	the	the	DET
fbem-21462	4	16	conclusion	conclusion	NOUN
fbem-21462	4	17	has	have	AUX
fbem-21462	4	18	withstood	withstand	VERB
fbem-21462	4	19	a	a	DET
fbem-21462	4	20	series	series	NOUN
fbem-21462	4	21	of	of	ADP
fbem-21462	4	22	robustness	robustness	NOUN
fbem-21462	4	23	tests	test	NOUN
fbem-21462	4	24	.	.	PUNCT
fbem-21462	5	1	in	in	ADP
fbem-21462	5	2	further	further	ADJ
fbem-21462	5	3	mechanism	mechanism	NOUN
fbem-21462	5	4	analysis	analysis	NOUN
fbem-21462	5	5	,	,	PUNCT
fbem-21462	5	6	it	it	PRON
fbem-21462	5	7	is	be	AUX
fbem-21462	5	8	understood	understand	VERB
fbem-21462	5	9	that	that	SCONJ
fbem-21462	5	10	digital	digital	ADJ
fbem-21462	5	11	transformation	transformation	NOUN
fbem-21462	5	12	enhances	enhance	VERB
fbem-21462	5	13	new	new	ADJ
fbem-21462	5	14	quality	quality	NOUN
fbem-21462	5	15	productivity	productivity	NOUN
fbem-21462	5	16	by	by	ADP
fbem-21462	5	17	improving	improve	VERB
fbem-21462	5	18	enterprise	enterprise	NOUN
fbem-21462	5	19	innovation	innovation	NOUN
fbem-21462	5	20	efficiency	efficiency	NOUN
fbem-21462	5	21	and	and	CCONJ
fbem-21462	5	22	reducing	reduce	VERB
fbem-21462	5	23	information	information	NOUN
fbem-21462	5	24	asymmetry	asymmetry	NOUN
fbem-21462	5	25	.	.	PUNCT
fbem-21462	6	1	in	in	ADP
fbem-21462	6	2	addition	addition	NOUN
fbem-21462	6	3	,	,	PUNCT
fbem-21462	6	4	heterogeneity	heterogeneity	NOUN
fbem-21462	6	5	testing	testing	NOUN
fbem-21462	6	6	found	find	VERB
fbem-21462	6	7	that	that	SCONJ
fbem-21462	6	8	the	the	DET
fbem-21462	6	9	improvement	improvement	NOUN
fbem-21462	6	10	effect	effect	NOUN
fbem-21462	6	11	of	of	ADP
fbem-21462	6	12	enterprise	enterprise	NOUN
fbem-21462	6	13	digital	digital	ADJ
fbem-21462	6	14	transformation	transformation	NOUN
fbem-21462	6	15	on	on	ADP
fbem-21462	6	16	new	new	ADJ
fbem-21462	6	17	quality	quality	NOUN
fbem-21462	6	18	productivity	productivity	NOUN
fbem-21462	6	19	is	be	AUX
fbem-21462	6	20	more	more	ADV
fbem-21462	6	21	significant	significant	ADJ
fbem-21462	6	22	in	in	ADP
fbem-21462	6	23	state	state	NOUN
fbem-21462	6	24	-	-	PUNCT
fbem-21462	6	25	owned	own	VERB
fbem-21462	6	26	enterprises	enterprise	NOUN
fbem-21462	6	27	with	with	ADP
fbem-21462	6	28	poor	poor	ADJ
fbem-21462	6	29	internal	internal	ADJ
fbem-21462	6	30	control	control	NOUN
fbem-21462	6	31	,	,	PUNCT
fbem-21462	6	32	loose	loose	ADJ
fbem-21462	6	33	financing	financing	NOUN
fbem-21462	6	34	constraints	constraint	NOUN
fbem-21462	6	35	,	,	PUNCT
fbem-21462	6	36	and	and	CCONJ
fbem-21462	6	37	property	property	NOUN
fbem-21462	6	38	rights	right	NOUN
fbem-21462	6	39	attributes	attribute	VERB
fbem-21462	6	40	,	,	PUNCT
fbem-21462	6	41	providing	provide	VERB
fbem-21462	6	42	useful	useful	ADJ
fbem-21462	6	43	insights	insight	NOUN
fbem-21462	6	44	for	for	ADP
fbem-21462	6	45	improving	improve	VERB
fbem-21462	6	46	new	new	ADJ
fbem-21462	6	47	quality	quality	NOUN
fbem-21462	6	48	productivity	productivity	NOUN
fbem-21462	6	49	.	.	PUNCT
fbem-21462	7	1	keywords	keyword	NOUN
fbem-21462	7	2	:	:	PUNCT
fbem-21462	7	3	digital	digital	ADJ
fbem-21462	7	4	transformation	transformation	NOUN
fbem-21462	7	5	,	,	PUNCT
fbem-21462	7	6	new	new	ADJ
fbem-21462	7	7	quality	quality	NOUN
fbem-21462	7	8	productivity	productivity	NOUN
fbem-21462	7	9	,	,	PUNCT
fbem-21462	7	10	innovation	innovation	NOUN
fbem-21462	7	11	efficiency	efficiency	NOUN
fbem-21462	7	12	,	,	PUNCT
fbem-21462	7	13	information	information	NOUN
fbem-21462	7	14	asymmetry	asymmetry	NOUN
fbem-21462	7	15	.	.	PUNCT
fbem-21462	8	1	1	1	X
fbem-21462	8	2	.	.	X
fbem-21462	8	3	introduction	introduction	NOUN
fbem-21462	8	4	the	the	DET
fbem-21462	8	5	arrival	arrival	NOUN
fbem-21462	8	6	of	of	ADP
fbem-21462	8	7	the	the	DET
fbem-21462	8	8	digital	digital	ADJ
fbem-21462	8	9	age	age	NOUN
fbem-21462	8	10	marks	mark	VERB
fbem-21462	8	11	a	a	DET
fbem-21462	8	12	new	new	ADJ
fbem-21462	8	13	stage	stage	NOUN
fbem-21462	8	14	of	of	ADP
fbem-21462	8	15	development	development	NOUN
fbem-21462	8	16	for	for	ADP
fbem-21462	8	17	human	human	ADJ
fbem-21462	8	18	society	society	NOUN
fbem-21462	8	19	.	.	PUNCT
fbem-21462	9	1	digital	digital	ADJ
fbem-21462	9	2	technology	technology	NOUN
fbem-21462	9	3	is	be	AUX
fbem-21462	9	4	ubiquitous	ubiquitous	ADJ
fbem-21462	9	5	and	and	CCONJ
fbem-21462	9	6	has	have	AUX
fbem-21462	9	7	become	become	VERB
fbem-21462	9	8	an	an	DET
fbem-21462	9	9	important	important	ADJ
fbem-21462	9	10	engine	engine	NOUN
fbem-21462	9	11	for	for	ADP
fbem-21462	9	12	promoting	promote	VERB
fbem-21462	9	13	social	social	ADJ
fbem-21462	9	14	development	development	NOUN
fbem-21462	9	15	.	.	PUNCT
fbem-21462	10	1	new	new	ADJ
fbem-21462	10	2	quality	quality	NOUN
fbem-21462	10	3	productivity	productivity	NOUN
fbem-21462	10	4	focuses	focus	VERB
fbem-21462	10	5	on	on	ADP
fbem-21462	10	6	improving	improve	VERB
fbem-21462	10	7	production	production	NOUN
fbem-21462	10	8	efficiency	efficiency	NOUN
fbem-21462	10	9	,	,	PUNCT
fbem-21462	10	10	optimizing	optimize	VERB
fbem-21462	10	11	resource	resource	NOUN
fbem-21462	10	12	allocation	allocation	NOUN
fbem-21462	10	13	,	,	PUNCT
fbem-21462	10	14	reducing	reduce	VERB
fbem-21462	10	15	resource	resource	NOUN
fbem-21462	10	16	consumption	consumption	NOUN
fbem-21462	10	17	and	and	CCONJ
fbem-21462	10	18	environmental	environmental	ADJ
fbem-21462	10	19	pollution	pollution	NOUN
fbem-21462	10	20	,	,	PUNCT
fbem-21462	10	21	thereby	thereby	ADV
fbem-21462	10	22	promoting	promote	VERB
fbem-21462	10	23	sustainable	sustainable	ADJ
fbem-21462	10	24	economic	economic	ADJ
fbem-21462	10	25	and	and	CCONJ
fbem-21462	10	26	social	social	ADJ
fbem-21462	10	27	development	development	NOUN
fbem-21462	10	28	.	.	PUNCT
fbem-21462	11	1	zhou	zhou	PROPN
fbem-21462	11	2	wen	wen	PROPN
fbem-21462	11	3	and	and	CCONJ
fbem-21462	11	4	xu	xu	PROPN
fbem-21462	11	5	lingyun	lingyun	VERB
fbem-21462	11	6	[	[	X
fbem-21462	11	7	1	1	NUM
fbem-21462	11	8	]	]	PUNCT
fbem-21462	11	9	from	from	ADP
fbem-21462	11	10	the	the	DET
fbem-21462	11	11	perspective	perspective	NOUN
fbem-21462	11	12	of	of	ADP
fbem-21462	11	13	political	political	ADJ
fbem-21462	11	14	economy	economy	NOUN
fbem-21462	11	15	,	,	PUNCT
fbem-21462	11	16	it	it	PRON
fbem-21462	11	17	is	be	AUX
fbem-21462	11	18	believed	believe	VERB
fbem-21462	11	19	that	that	SCONJ
fbem-21462	11	20	new	new	ADJ
fbem-21462	11	21	productive	productive	ADJ
fbem-21462	11	22	forces	force	NOUN
fbem-21462	11	23	are	be	AUX
fbem-21462	11	24	those	those	PRON
fbem-21462	11	25	generated	generate	VERB
fbem-21462	11	26	by	by	ADP
fbem-21462	11	27	technological	technological	ADJ
fbem-21462	11	28	innovation	innovation	NOUN
fbem-21462	11	29	as	as	ADP
fbem-21462	11	30	the	the	DET
fbem-21462	11	31	main	main	ADJ
fbem-21462	11	32	driving	driving	NOUN
fbem-21462	11	33	force	force	NOUN
fbem-21462	11	34	and	and	CCONJ
fbem-21462	11	35	achieving	achieve	VERB
fbem-21462	11	36	key	key	ADJ
fbem-21462	11	37	disruptive	disruptive	ADJ
fbem-21462	11	38	technological	technological	ADJ
fbem-21462	11	39	breakthroughs	breakthrough	NOUN
fbem-21462	11	40	,	,	PUNCT
fbem-21462	11	41	which	which	PRON
fbem-21462	11	42	transcend	transcend	VERB
fbem-21462	11	43	traditional	traditional	ADJ
fbem-21462	11	44	productive	productive	ADJ
fbem-21462	11	45	forces	force	NOUN
fbem-21462	11	46	.	.	PUNCT
fbem-21462	12	1	in	in	ADP
fbem-21462	12	2	the	the	DET
fbem-21462	12	3	context	context	NOUN
fbem-21462	12	4	of	of	ADP
fbem-21462	12	5	the	the	DET
fbem-21462	12	6	digital	digital	ADJ
fbem-21462	12	7	age	age	NOUN
fbem-21462	12	8	,	,	PUNCT
fbem-21462	12	9	under	under	ADP
fbem-21462	12	10	the	the	DET
fbem-21462	12	11	guidance	guidance	NOUN
fbem-21462	12	12	of	of	ADP
fbem-21462	12	13	new	new	ADJ
fbem-21462	12	14	quality	quality	NOUN
fbem-21462	12	15	productivity	productivity	NOUN
fbem-21462	12	16	,	,	PUNCT
fbem-21462	12	17	future	future	ADJ
fbem-21462	12	18	economic	economic	ADJ
fbem-21462	12	19	and	and	CCONJ
fbem-21462	12	20	social	social	ADJ
fbem-21462	12	21	development	development	NOUN
fbem-21462	12	22	will	will	AUX
fbem-21462	12	23	pay	pay	VERB
fbem-21462	12	24	more	more	ADJ
fbem-21462	12	25	attention	attention	NOUN
fbem-21462	12	26	to	to	ADP
fbem-21462	12	27	the	the	DET
fbem-21462	12	28	improvement	improvement	NOUN
fbem-21462	12	29	of	of	ADP
fbem-21462	12	30	quality	quality	NOUN
fbem-21462	12	31	and	and	CCONJ
fbem-21462	12	32	efficiency	efficiency	NOUN
fbem-21462	12	33	,	,	PUNCT
fbem-21462	12	34	as	as	ADV
fbem-21462	12	35	well	well	ADV
fbem-21462	12	36	as	as	ADP
fbem-21462	12	37	the	the	DET
fbem-21462	12	38	all	all	ADV
fbem-21462	12	39	-	-	PUNCT
fbem-21462	12	40	round	round	NOUN
fbem-21462	12	41	development	development	NOUN
fbem-21462	12	42	of	of	ADP
fbem-21462	12	43	people	people	NOUN
fbem-21462	12	44	.	.	PUNCT
fbem-21462	13	1	digital	digital	ADJ
fbem-21462	13	2	transformation	transformation	NOUN
fbem-21462	13	3	has	have	AUX
fbem-21462	13	4	changed	change	VERB
fbem-21462	13	5	traditional	traditional	ADJ
fbem-21462	13	6	production	production	NOUN
fbem-21462	13	7	methods	method	NOUN
fbem-21462	13	8	and	and	CCONJ
fbem-21462	13	9	management	management	NOUN
fbem-21462	13	10	models	model	NOUN
fbem-21462	13	11	by	by	ADP
fbem-21462	13	12	introducing	introduce	VERB
fbem-21462	13	13	advanced	advanced	ADJ
fbem-21462	13	14	information	information	NOUN
fbem-21462	13	15	technology	technology	NOUN
fbem-21462	13	16	and	and	CCONJ
fbem-21462	13	17	digital	digital	ADJ
fbem-21462	13	18	tools	tool	NOUN
fbem-21462	13	19	,	,	PUNCT
fbem-21462	13	20	improving	improve	VERB
fbem-21462	13	21	production	production	NOUN
fbem-21462	13	22	efficiency	efficiency	NOUN
fbem-21462	13	23	and	and	CCONJ
fbem-21462	13	24	quality	quality	NOUN
fbem-21462	13	25	,	,	PUNCT
fbem-21462	13	26	reducing	reduce	VERB
fbem-21462	13	27	production	production	NOUN
fbem-21462	13	28	costs	cost	NOUN
fbem-21462	13	29	,	,	PUNCT
fbem-21462	13	30	and	and	CCONJ
fbem-21462	13	31	promoting	promote	VERB
fbem-21462	13	32	the	the	DET
fbem-21462	13	33	development	development	NOUN
fbem-21462	13	34	of	of	ADP
fbem-21462	13	35	new	new	ADJ
fbem-21462	13	36	productive	productive	ADJ
fbem-21462	13	37	forces	force	NOUN
fbem-21462	13	38	,	,	PUNCT
fbem-21462	13	39	optimizing	optimize	VERB
fbem-21462	13	40	economic	economic	ADJ
fbem-21462	13	41	structure	structure	NOUN
fbem-21462	13	42	,	,	PUNCT
fbem-21462	13	43	and	and	CCONJ
fbem-21462	13	44	upgrading	upgrading	NOUN
fbem-21462	13	45	industries	industry	NOUN
fbem-21462	13	46	.	.	PUNCT
fbem-21462	14	1	2	2	X
fbem-21462	14	2	.	.	X
fbem-21462	14	3	theoretical	theoretical	ADJ
fbem-21462	14	4	analysis	analysis	NOUN
fbem-21462	14	5	and	and	CCONJ
fbem-21462	14	6	research	research	NOUN
fbem-21462	14	7	hypothesis	hypothesis	NOUN
fbem-21462	14	8	digital	digital	ADJ
fbem-21462	14	9	transformation	transformation	NOUN
fbem-21462	14	10	is	be	AUX
fbem-21462	14	11	a	a	DET
fbem-21462	14	12	key	key	ADJ
fbem-21462	14	13	driving	driving	NOUN
fbem-21462	14	14	force	force	NOUN
fbem-21462	14	15	for	for	ADP
fbem-21462	14	16	enhancing	enhance	VERB
fbem-21462	14	17	new	new	ADJ
fbem-21462	14	18	quality	quality	NOUN
fbem-21462	14	19	productivity	productivity	NOUN
fbem-21462	14	20	.	.	PUNCT
fbem-21462	15	1	by	by	ADP
fbem-21462	15	2	introducing	introduce	VERB
fbem-21462	15	3	advanced	advanced	ADJ
fbem-21462	15	4	information	information	NOUN
fbem-21462	15	5	technology	technology	NOUN
fbem-21462	15	6	,	,	PUNCT
fbem-21462	15	7	digital	digital	ADJ
fbem-21462	15	8	transformation	transformation	NOUN
fbem-21462	15	9	not	not	PART
fbem-21462	15	10	only	only	ADV
fbem-21462	15	11	optimizes	optimize	VERB
fbem-21462	15	12	production	production	NOUN
fbem-21462	15	13	processes	process	NOUN
fbem-21462	15	14	and	and	CCONJ
fbem-21462	15	15	resource	resource	NOUN
fbem-21462	15	16	allocation	allocation	NOUN
fbem-21462	15	17	,	,	PUNCT
fbem-21462	15	18	improves	improve	VERB
fbem-21462	15	19	production	production	NOUN
fbem-21462	15	20	efficiency	efficiency	NOUN
fbem-21462	15	21	and	and	CCONJ
fbem-21462	15	22	resource	resource	NOUN
fbem-21462	15	23	utilization	utilization	NOUN
fbem-21462	15	24	efficiency	efficiency	NOUN
fbem-21462	15	25	,	,	PUNCT
fbem-21462	15	26	but	but	CCONJ
fbem-21462	15	27	more	more	ADV
fbem-21462	15	28	importantly	importantly	ADV
fbem-21462	15	29	,	,	PUNCT
fbem-21462	15	30	it	it	PRON
fbem-21462	15	31	promotes	promote	VERB
fbem-21462	15	32	technological	technological	ADJ
fbem-21462	15	33	innovation	innovation	NOUN
fbem-21462	15	34	and	and	CCONJ
fbem-21462	15	35	industrial	industrial	ADJ
fbem-21462	15	36	upgrading	upgrading	NOUN
fbem-21462	15	37	.	.	PUNCT
fbem-21462	16	1	based	base	VERB
fbem-21462	16	2	on	on	ADP
fbem-21462	16	3	this	this	PRON
fbem-21462	16	4	,	,	PUNCT
fbem-21462	16	5	this	this	DET
fbem-21462	16	6	article	article	NOUN
fbem-21462	16	7	proposes	propose	VERB
fbem-21462	16	8	:	:	PUNCT
fbem-21462	16	9	h1	h1	NOUN
fbem-21462	16	10	:	:	PUNCT
fbem-21462	16	11	digital	digital	ADJ
fbem-21462	16	12	transformation	transformation	NOUN
fbem-21462	16	13	of	of	ADP
fbem-21462	16	14	enterprises	enterprise	NOUN
fbem-21462	16	15	can	can	AUX
fbem-21462	16	16	enhance	enhance	VERB
fbem-21462	16	17	new	new	ADJ
fbem-21462	16	18	quality	quality	NOUN
fbem-21462	16	19	productivity	productivity	NOUN
fbem-21462	16	20	.	.	PUNCT
fbem-21462	17	1	in	in	ADP
fbem-21462	17	2	the	the	DET
fbem-21462	17	3	wave	wave	NOUN
fbem-21462	17	4	of	of	ADP
fbem-21462	17	5	digital	digital	ADJ
fbem-21462	17	6	transformation	transformation	NOUN
fbem-21462	17	7	,	,	PUNCT
fbem-21462	17	8	enterprises	enterprise	NOUN
fbem-21462	17	9	can	can	AUX
fbem-21462	17	10	utilize	utilize	VERB
fbem-21462	17	11	advanced	advanced	ADJ
fbem-21462	17	12	technologies	technology	NOUN
fbem-21462	17	13	such	such	ADJ
fbem-21462	17	14	as	as	ADP
fbem-21462	17	15	big	big	ADJ
fbem-21462	17	16	data	datum	NOUN
fbem-21462	17	17	and	and	CCONJ
fbem-21462	17	18	cloud	cloud	NOUN
fbem-21462	17	19	computing	computing	NOUN
fbem-21462	17	20	to	to	PART
fbem-21462	17	21	provide	provide	VERB
fbem-21462	17	22	a	a	DET
fbem-21462	17	23	continuous	continuous	ADJ
fbem-21462	17	24	source	source	NOUN
fbem-21462	17	25	of	of	ADP
fbem-21462	17	26	power	power	NOUN
fbem-21462	17	27	for	for	ADP
fbem-21462	17	28	innovation	innovation	NOUN
fbem-21462	17	29	.	.	PUNCT
fbem-21462	18	1	through	through	ADP
fbem-21462	18	2	digital	digital	ADJ
fbem-21462	18	3	transformation	transformation	NOUN
fbem-21462	18	4	,	,	PUNCT
fbem-21462	18	5	enterprises	enterprise	NOUN
fbem-21462	18	6	can	can	AUX
fbem-21462	18	7	optimize	optimize	VERB
fbem-21462	18	8	innovation	innovation	NOUN
fbem-21462	18	9	processes	process	NOUN
fbem-21462	18	10	,	,	PUNCT
fbem-21462	18	11	achieve	achieve	VERB
fbem-21462	18	12	cross	cross	NOUN
fbem-21462	18	13	departmental	departmental	ADJ
fbem-21462	18	14	and	and	CCONJ
fbem-21462	18	15	cross	cross	NOUN
fbem-21462	18	16	domain	domain	NOUN
fbem-21462	18	17	collaboration	collaboration	NOUN
fbem-21462	18	18	,	,	PUNCT
fbem-21462	18	19	and	and	CCONJ
fbem-21462	18	20	improve	improve	VERB
fbem-21462	18	21	product	product	NOUN
fbem-21462	18	22	market	market	NOUN
fbem-21462	18	23	adaptability	adaptability	NOUN
fbem-21462	18	24	and	and	CCONJ
fbem-21462	18	25	competitiveness	competitiveness	NOUN
fbem-21462	18	26	.	.	PUNCT
fbem-21462	19	1	in	in	ADP
fbem-21462	19	2	addition	addition	NOUN
fbem-21462	19	3	,	,	PUNCT
fbem-21462	19	4	digital	digital	ADJ
fbem-21462	19	5	transformation	transformation	NOUN
fbem-21462	19	6	has	have	AUX
fbem-21462	19	7	also	also	ADV
fbem-21462	19	8	promoted	promote	VERB
fbem-21462	19	9	the	the	DET
fbem-21462	19	10	integration	integration	NOUN
fbem-21462	19	11	of	of	ADP
fbem-21462	19	12	enterprises	enterprise	NOUN
fbem-21462	19	13	and	and	CCONJ
fbem-21462	19	14	external	external	ADJ
fbem-21462	19	15	innovation	innovation	NOUN
fbem-21462	19	16	resources	resource	NOUN
fbem-21462	19	17	.	.	PUNCT
fbem-21462	20	1	with	with	ADP
fbem-21462	20	2	the	the	DET
fbem-21462	20	3	deepening	deepening	NOUN
fbem-21462	20	4	of	of	ADP
fbem-21462	20	5	digital	digital	ADJ
fbem-21462	20	6	transformation	transformation	NOUN
fbem-21462	20	7	,	,	PUNCT
fbem-21462	20	8	enterprises	enterprise	NOUN
fbem-21462	20	9	will	will	AUX
fbem-21462	20	10	face	face	VERB
fbem-21462	20	11	more	more	ADJ
fbem-21462	20	12	innovation	innovation	NOUN
fbem-21462	20	13	opportunities	opportunity	NOUN
fbem-21462	20	14	and	and	CCONJ
fbem-21462	20	15	achieve	achieve	VERB
fbem-21462	20	16	higher	high	ADJ
fbem-21462	20	17	quality	quality	NOUN
fbem-21462	20	18	development	development	NOUN
fbem-21462	20	19	.	.	PUNCT
fbem-21462	21	1	based	base	VERB
fbem-21462	21	2	on	on	ADP
fbem-21462	21	3	this	this	PRON
fbem-21462	21	4	,	,	PUNCT
fbem-21462	21	5	this	this	DET
fbem-21462	21	6	article	article	NOUN
fbem-21462	21	7	proposes	propose	VERB
fbem-21462	21	8	:	:	PUNCT
fbem-21462	21	9	h2	h2	NOUN
fbem-21462	21	10	:	:	PUNCT
fbem-21462	21	11	enterprise	enterprise	NOUN
fbem-21462	21	12	digital	digital	ADJ
fbem-21462	21	13	transformation	transformation	NOUN
fbem-21462	21	14	can	can	AUX
fbem-21462	21	15	improve	improve	VERB
fbem-21462	21	16	innovation	innovation	NOUN
fbem-21462	21	17	efficiency	efficiency	NOUN
fbem-21462	21	18	,	,	PUNCT
fbem-21462	21	19	thereby	thereby	ADV
fbem-21462	21	20	promoting	promote	VERB
fbem-21462	21	21	the	the	DET
fbem-21462	21	22	improvement	improvement	NOUN
fbem-21462	21	23	of	of	ADP
fbem-21462	21	24	new	new	ADJ
fbem-21462	21	25	quality	quality	NOUN
fbem-21462	21	26	productivity	productivity	NOUN
fbem-21462	21	27	.	.	PUNCT
fbem-21462	22	1	before	before	ADP
fbem-21462	22	2	digital	digital	ADJ
fbem-21462	22	3	transformation	transformation	NOUN
fbem-21462	22	4	,	,	PUNCT
fbem-21462	22	5	there	there	PRON
fbem-21462	22	6	were	be	VERB
fbem-21462	22	7	often	often	ADV
fbem-21462	22	8	obstacles	obstacle	NOUN
fbem-21462	22	9	in	in	ADP
fbem-21462	22	10	information	information	NOUN
fbem-21462	22	11	communication	communication	NOUN
fbem-21462	22	12	between	between	ADP
fbem-21462	22	13	enterprises	enterprise	NOUN
fbem-21462	22	14	,	,	PUNCT
fbem-21462	22	15	consumers	consumer	NOUN
fbem-21462	22	16	,	,	PUNCT
fbem-21462	22	17	and	and	CCONJ
fbem-21462	22	18	other	other	ADJ
fbem-21462	22	19	stakeholders	stakeholder	NOUN
fbem-21462	22	20	,	,	PUNCT
fbem-21462	22	21	leading	lead	VERB
fbem-21462	22	22	to	to	ADP
fbem-21462	22	23	information	information	NOUN
fbem-21462	22	24	asymmetry	asymmetry	NOUN
fbem-21462	22	25	issues	issue	NOUN
fbem-21462	22	26	.	.	PUNCT
fbem-21462	23	1	and	and	CCONJ
fbem-21462	23	2	digital	digital	ADJ
fbem-21462	23	3	transformation	transformation	NOUN
fbem-21462	23	4	integrates	integrate	VERB
fbem-21462	23	5	fragmented	fragmented	ADJ
fbem-21462	23	6	information	information	NOUN
fbem-21462	23	7	processing	processing	NOUN
fbem-21462	23	8	by	by	ADP
fbem-21462	23	9	introducing	introduce	VERB
fbem-21462	23	10	advanced	advanced	ADJ
fbem-21462	23	11	technologies	technology	NOUN
fbem-21462	23	12	such	such	ADJ
fbem-21462	23	13	as	as	ADP
fbem-21462	23	14	big	big	ADJ
fbem-21462	23	15	data	datum	NOUN
fbem-21462	23	16	and	and	CCONJ
fbem-21462	23	17	cloud	cloud	NOUN
fbem-21462	23	18	computing	computing	NOUN
fbem-21462	23	19	,	,	PUNCT
fbem-21462	23	20	achieving	achieve	VERB
fbem-21462	23	21	rapid	rapid	ADJ
fbem-21462	23	22	collection	collection	NOUN
fbem-21462	23	23	,	,	PUNCT
fbem-21462	23	24	processing	processing	NOUN
fbem-21462	23	25	,	,	PUNCT
fbem-21462	23	26	and	and	CCONJ
fbem-21462	23	27	sharing	sharing	NOUN
fbem-21462	23	28	of	of	ADP
fbem-21462	23	29	information	information	NOUN
fbem-21462	23	30	.	.	PUNCT
fbem-21462	24	1	this	this	PRON
fbem-21462	24	2	reduces	reduce	VERB
fbem-21462	24	3	the	the	DET
fbem-21462	24	4	degree	degree	NOUN
fbem-21462	24	5	of	of	ADP
fbem-21462	24	6	information	information	NOUN
fbem-21462	24	7	asymmetry	asymmetry	NOUN
fbem-21462	24	8	,	,	PUNCT
fbem-21462	24	9	enabling	enable	VERB
fbem-21462	24	10	enterprises	enterprise	NOUN
fbem-21462	24	11	to	to	PART
fbem-21462	24	12	more	more	ADV
fbem-21462	24	13	accurately	accurately	ADV
fbem-21462	24	14	grasp	grasp	VERB
fbem-21462	24	15	market	market	NOUN
fbem-21462	24	16	demand	demand	NOUN
fbem-21462	24	17	,	,	PUNCT
fbem-21462	24	18	thereby	thereby	ADV
fbem-21462	24	19	improving	improve	VERB
fbem-21462	24	20	production	production	NOUN
fbem-21462	24	21	efficiency	efficiency	NOUN
fbem-21462	24	22	and	and	CCONJ
fbem-21462	24	23	product	product	NOUN
fbem-21462	24	24	quality	quality	NOUN
fbem-21462	24	25	,	,	PUNCT
fbem-21462	24	26	and	and	CCONJ
fbem-21462	24	27	promoting	promote	VERB
fbem-21462	24	28	the	the	DET
fbem-21462	24	29	improvement	improvement	NOUN
fbem-21462	24	30	of	of	ADP
fbem-21462	24	31	new	new	ADJ
fbem-21462	24	32	quality	quality	NOUN
fbem-21462	24	33	productivity	productivity	NOUN
fbem-21462	24	34	.	.	PUNCT
fbem-21462	25	1	based	base	VERB
fbem-21462	25	2	on	on	ADP
fbem-21462	25	3	this	this	PRON
fbem-21462	25	4	,	,	PUNCT
fbem-21462	25	5	this	this	DET
fbem-21462	25	6	article	article	NOUN
fbem-21462	25	7	proposes	propose	VERB
fbem-21462	25	8	:	:	PUNCT
fbem-21462	25	9	h3	h3	NOUN
fbem-21462	25	10	:	:	PUNCT
fbem-21462	25	11	enterprise	enterprise	NOUN
fbem-21462	25	12	digital	digital	ADJ
fbem-21462	25	13	transformation	transformation	NOUN
fbem-21462	25	14	improves	improve	VERB
fbem-21462	25	15	new	new	ADJ
fbem-21462	25	16	quality	quality	NOUN
fbem-21462	25	17	productivity	productivity	NOUN
fbem-21462	25	18	by	by	ADP
fbem-21462	25	19	reducing	reduce	VERB
fbem-21462	25	20	information	information	NOUN
fbem-21462	25	21	asymmetry	asymmetry	NOUN
fbem-21462	25	22	.	.	PUNCT
fbem-21462	26	1	3	3	X
fbem-21462	26	2	.	.	X
fbem-21462	26	3	research	research	NOUN
fbem-21462	26	4	design	design	PROPN
fbem-21462	26	5	3.1	3.1	NUM
fbem-21462	26	6	.	.	PUNCT
fbem-21462	26	7	sample	sample	NOUN
fbem-21462	26	8	selection	selection	NOUN
fbem-21462	26	9	and	and	CCONJ
fbem-21462	26	10	data	datum	NOUN
fbem-21462	26	11	source	source	NOUN
fbem-21462	26	12	this	this	DET
fbem-21462	26	13	article	article	NOUN
fbem-21462	26	14	explores	explore	VERB
fbem-21462	26	15	relevant	relevant	ADJ
fbem-21462	26	16	issues	issue	NOUN
fbem-21462	26	17	based	base	VERB
fbem-21462	26	18	on	on	ADP
fbem-21462	26	19	chinese	chinese	PROPN
fbem-21462	26	20	ashare	ashare	VERB
fbem-21462	26	21	listed	list	VERB
fbem-21462	26	22	companies	company	NOUN
fbem-21462	26	23	from	from	ADP
fbem-21462	26	24	2012	2012	NUM
fbem-21462	26	25	to	to	ADP
fbem-21462	26	26	2022	2022	NUM
fbem-21462	26	27	.	.	PUNCT
fbem-21462	27	1	the	the	DET
fbem-21462	27	2	data	data	NOUN
fbem-21462	27	3	is	be	AUX
fbem-21462	27	4	sourced	source	VERB
fbem-21462	27	5	from	from	ADP
fbem-21462	27	6	csmar	csmar	PROPN
fbem-21462	27	7	,	,	PUNCT
fbem-21462	27	8	and	and	CCONJ
fbem-21462	27	9	the	the	DET
fbem-21462	27	10	screening	screening	NOUN
fbem-21462	27	11	steps	step	NOUN
fbem-21462	27	12	include	include	VERB
fbem-21462	27	13	:	:	PUNCT
fbem-21462	27	14	①excluding	①exclude	VERB
fbem-21462	27	15	financial	financial	ADJ
fbem-21462	27	16	enterprises;②excluding	enterprises;②excluding	PROPN
fbem-21462	27	17	st	st	PROPN
fbem-21462	27	18	and	and	CCONJ
fbem-21462	27	19	pt	pt	PROPN
fbem-21462	27	20	enterprises;③remove	enterprises;③remove	PROPN
fbem-21462	27	21	samples	sample	NOUN
fbem-21462	27	22	with	with	ADP
fbem-21462	27	23	missing	miss	VERB
fbem-21462	27	24	data;④perform	data;④perform	PROPN
fbem-21462	27	25	1	1	NUM
fbem-21462	27	26	%	%	NOUN
fbem-21462	27	27	truncation	truncation	NOUN
fbem-21462	27	28	on	on	ADP
fbem-21462	27	29	continuous	continuous	ADJ
fbem-21462	27	30	variables	variable	NOUN
fbem-21462	27	31	to	to	PART
fbem-21462	27	32	ensure	ensure	VERB
fbem-21462	27	33	data	datum	NOUN
fbem-21462	27	34	340	340	NUM
fbem-21462	27	35	robustness	robustness	NOUN
fbem-21462	27	36	and	and	CCONJ
fbem-21462	27	37	reliability	reliability	NOUN
fbem-21462	27	38	.	.	PUNCT
fbem-21462	28	1	3.2	3.2	NUM
fbem-21462	28	2	.	.	PUNCT
fbem-21462	28	3	model	model	NOUN
fbem-21462	28	4	setting	set	VERB
fbem-21462	28	5	in	in	ADP
fbem-21462	28	6	order	order	NOUN
fbem-21462	28	7	to	to	PART
fbem-21462	28	8	test	test	VERB
fbem-21462	28	9	the	the	DET
fbem-21462	28	10	direct	direct	ADJ
fbem-21462	28	11	impact	impact	NOUN
fbem-21462	28	12	of	of	ADP
fbem-21462	28	13	enterprise	enterprise	NOUN
fbem-21462	28	14	digital	digital	ADJ
fbem-21462	28	15	transformation	transformation	NOUN
fbem-21462	28	16	on	on	ADP
fbem-21462	28	17	new	new	ADJ
fbem-21462	28	18	quality	quality	NOUN
fbem-21462	28	19	productivity	productivity	NOUN
fbem-21462	28	20	,	,	PUNCT
fbem-21462	28	21	this	this	DET
fbem-21462	28	22	paper	paper	NOUN
fbem-21462	28	23	constructs	construct	VERB
fbem-21462	28	24	a	a	DET
fbem-21462	28	25	regression	regression	NOUN
fbem-21462	28	26	model①	model①	PROPN
fbem-21462	28	27	:	:	PUNCT
fbem-21462	29	1	i	i	PRON
fbem-21462	29	2	,	,	PUNCT
fbem-21462	29	3	,	,	PUNCT
fbem-21462	29	4	,	,	PUNCT
fbem-21462	29	5	,	,	PUNCT
fbem-21462	29	6	pro	pro	X
fbem-21462	29	7	t	t	PROPN
fbem-21462	30	1	i	i	PRON
fbem-21462	30	2	t	t	X
fbem-21462	31	1	i	i	PRON
fbem-21462	31	2	t	t	X
fbem-21462	32	1	i	i	PRON
fbem-21462	32	2	t	t	PROPN
fbem-21462	33	1	i	i	PRON
fbem-21462	33	2	tn	tn	PROPN
fbem-21462	33	3	dig	dig	VERB
fbem-21462	33	4	control	control	PROPN
fbem-21462	33	5			PROPN
fbem-21462	33	6			NUM
fbem-21462	33	7			NOUN
fbem-21462	33	8			NOUN
fbem-21462	34	1			PROPN
fbem-21462	34	2			ADV
fbem-21462	34	3			VERB
fbem-21462	34	4			PROPN
fbem-21462	34	5			PUNCT
fbem-21462	34	6			PUNCT
fbem-21462	34	7	the	the	DET
fbem-21462	34	8	explained	explain	VERB
fbem-21462	34	9	variable	variable	NOUN
fbem-21462	34	10	𝑁𝑝𝑟𝑜	𝑁𝑝𝑟𝑜	PROPN
fbem-21462	34	11	,	,	PUNCT
fbem-21462	34	12	is	be	AUX
fbem-21462	34	13	new	new	ADJ
fbem-21462	34	14	quality	quality	NOUN
fbem-21462	34	15	productivity	productivity	NOUN
fbem-21462	34	16	,	,	PUNCT
fbem-21462	34	17	the	the	DET
fbem-21462	34	18	core	core	NOUN
fbem-21462	34	19	explanatory	explanatory	ADJ
fbem-21462	34	20	variable	variable	NOUN
fbem-21462	34	21	𝑑𝑖𝑔	𝑑𝑖𝑔	ADV
fbem-21462	34	22	,	,	PUNCT
fbem-21462	34	23	is	be	AUX
fbem-21462	34	24	the	the	DET
fbem-21462	34	25	enterprise	enterprise	NOUN
fbem-21462	34	26	digital	digital	ADJ
fbem-21462	34	27	transformation	transformation	NOUN
fbem-21462	34	28	index	index	NOUN
fbem-21462	34	29	,	,	PUNCT
fbem-21462	34	30	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	PROPN
fbem-21462	34	31	,	,	PUNCT
fbem-21462	34	32	represents	represent	VERB
fbem-21462	34	33	the	the	DET
fbem-21462	34	34	control	control	NOUN
fbem-21462	34	35	variable	variable	NOUN
fbem-21462	34	36	,	,	PUNCT
fbem-21462	34	37	𝜇	𝜇	X
fbem-21462	34	38	is	be	AUX
fbem-21462	34	39	the	the	DET
fbem-21462	34	40	industry	industry	NOUN
fbem-21462	34	41	fixed	fix	VERB
fbem-21462	34	42	effect	effect	NOUN
fbem-21462	34	43	,	,	PUNCT
fbem-21462	34	44	𝜈	𝜈	PROPN
fbem-21462	34	45	is	be	AUX
fbem-21462	34	46	the	the	DET
fbem-21462	34	47	time	time	NOUN
fbem-21462	34	48	fixed	fix	VERB
fbem-21462	34	49	effect	effect	NOUN
fbem-21462	34	50	,	,	PUNCT
fbem-21462	34	51	and	and	CCONJ
fbem-21462	34	52	𝜀	𝜀	PROPN
fbem-21462	34	53	,	,	PUNCT
fbem-21462	34	54	is	be	AUX
fbem-21462	34	55	the	the	DET
fbem-21462	34	56	random	random	ADJ
fbem-21462	34	57	error	error	NOUN
fbem-21462	34	58	term	term	NOUN
fbem-21462	34	59	.	.	PUNCT
fbem-21462	35	1	according	accord	VERB
fbem-21462	35	2	to	to	ADP
fbem-21462	35	3	the	the	DET
fbem-21462	35	4	hypothesis	hypothesis	NOUN
fbem-21462	35	5	of	of	ADP
fbem-21462	35	6	this	this	DET
fbem-21462	35	7	article	article	NOUN
fbem-21462	35	8	,	,	PUNCT
fbem-21462	35	9	in	in	ADP
fbem-21462	35	10	order	order	NOUN
fbem-21462	35	11	to	to	PART
fbem-21462	35	12	verify	verify	VERB
fbem-21462	35	13	how	how	SCONJ
fbem-21462	35	14	digital	digital	ADJ
fbem-21462	35	15	transformation	transformation	NOUN
fbem-21462	35	16	promotes	promote	VERB
fbem-21462	35	17	the	the	DET
fbem-21462	35	18	improvement	improvement	NOUN
fbem-21462	35	19	of	of	ADP
fbem-21462	35	20	new	new	ADJ
fbem-21462	35	21	productivity	productivity	NOUN
fbem-21462	35	22	by	by	ADP
fbem-21462	35	23	affecting	affect	VERB
fbem-21462	35	24	the	the	DET
fbem-21462	35	25	innovation	innovation	NOUN
fbem-21462	35	26	efficiency	efficiency	NOUN
fbem-21462	35	27	and	and	CCONJ
fbem-21462	35	28	information	information	NOUN
fbem-21462	35	29	asymmetry	asymmetry	NOUN
fbem-21462	35	30	of	of	ADP
fbem-21462	35	31	enterprises	enterprise	NOUN
fbem-21462	35	32	,	,	PUNCT
fbem-21462	35	33	we	we	PRON
fbem-21462	35	34	conducted	conduct	VERB
fbem-21462	35	35	in	in	ADP
fbem-21462	35	36	-	-	PUNCT
fbem-21462	35	37	depth	depth	NOUN
fbem-21462	35	38	research	research	NOUN
fbem-21462	35	39	in	in	ADP
fbem-21462	35	40	accordance	accordance	NOUN
fbem-21462	35	41	with	with	ADP
fbem-21462	35	42	the	the	DET
fbem-21462	35	43	hypothesis	hypothesis	NOUN
fbem-21462	35	44	of	of	ADP
fbem-21462	35	45	this	this	DET
fbem-21462	35	46	article	article	NOUN
fbem-21462	35	47	.	.	PUNCT
fbem-21462	36	1	to	to	PART
fbem-21462	36	2	test	test	VERB
fbem-21462	36	3	the	the	DET
fbem-21462	36	4	mechanism	mechanism	NOUN
fbem-21462	36	5	of	of	ADP
fbem-21462	36	6	digital	digital	ADJ
fbem-21462	36	7	transformation	transformation	NOUN
fbem-21462	36	8	on	on	ADP
fbem-21462	36	9	new	new	ADJ
fbem-21462	36	10	quality	quality	NOUN
fbem-21462	36	11	productivity	productivity	NOUN
fbem-21462	36	12	,	,	PUNCT
fbem-21462	36	13	the	the	DET
fbem-21462	36	14	specific	specific	ADJ
fbem-21462	36	15	steps	step	NOUN
fbem-21462	36	16	are	be	AUX
fbem-21462	36	17	as	as	SCONJ
fbem-21462	36	18	follows	follow	VERB
fbem-21462	36	19	:	:	PUNCT
fbem-21462	36	20	first	first	ADV
fbem-21462	36	21	,	,	PUNCT
fbem-21462	36	22	construct	construct	VERB
fbem-21462	36	23	a	a	DET
fbem-21462	36	24	regression	regression	NOUN
fbem-21462	36	25	equation	equation	NOUN
fbem-21462	36	26	between	between	ADP
fbem-21462	36	27	digital	digital	ADJ
fbem-21462	36	28	transformation	transformation	NOUN
fbem-21462	36	29	𝑑𝑖𝑔	𝑑𝑖𝑔	ADV
fbem-21462	36	30	,	,	PUNCT
fbem-21462	36	31	and	and	CCONJ
fbem-21462	36	32	intermediary	intermediary	ADJ
fbem-21462	36	33	variables	variable	NOUN
fbem-21462	36	34	𝑀	𝑀	PROPN
fbem-21462	36	35	,	,	PUNCT
fbem-21462	36	36	,	,	PUNCT
fbem-21462	36	37	and	and	CCONJ
fbem-21462	36	38	see	see	VERB
fbem-21462	36	39	whether	whether	SCONJ
fbem-21462	36	40	the	the	DET
fbem-21462	36	41	observed	observe	VERB
fbem-21462	36	42	regression	regression	NOUN
fbem-21462	36	43	coefficient	coefficient	NOUN
fbem-21462	36	44	𝑑𝑖𝑔	𝑑𝑖𝑔	INTJ
fbem-21462	36	45	,	,	PUNCT
fbem-21462	36	46	is	be	AUX
fbem-21462	36	47	significant	significant	ADJ
fbem-21462	36	48	;	;	PUNCT
fbem-21462	36	49	second	second	ADV
fbem-21462	36	50	,	,	PUNCT
fbem-21462	36	51	construct	construct	VERB
fbem-21462	36	52	a	a	DET
fbem-21462	36	53	relationship	relationship	NOUN
fbem-21462	36	54	between	between	ADP
fbem-21462	36	55	digital	digital	ADJ
fbem-21462	36	56	transformation	transformation	NOUN
fbem-21462	36	57	𝑑𝑖𝑔	𝑑𝑖𝑔	ADV
fbem-21462	36	58	,	,	PUNCT
fbem-21462	36	59	and	and	CCONJ
fbem-21462	36	60	intermediary	intermediary	ADJ
fbem-21462	36	61	variables	variable	NOUN
fbem-21462	36	62	𝑀	𝑀	PROPN
fbem-21462	36	63	,	,	PUNCT
fbem-21462	36	64	on	on	ADP
fbem-21462	36	65	new	new	ADJ
fbem-21462	36	66	quality	quality	NOUN
fbem-21462	36	67	productivity	productivity	NOUN
fbem-21462	37	1	𝑁𝑝𝑟𝑜	𝑁𝑝𝑟𝑜	PROPN
fbem-21462	37	2	,	,	PUNCT
fbem-21462	37	3	.	.	PUNCT
fbem-21462	38	1	for	for	ADP
fbem-21462	38	2	the	the	DET
fbem-21462	38	3	regression	regression	NOUN
fbem-21462	38	4	equation	equation	NOUN
fbem-21462	38	5	of	of	ADP
fbem-21462	38	6	productivity	productivity	NOUN
fbem-21462	38	7	,	,	PUNCT
fbem-21462	38	8	observe	observe	VERB
fbem-21462	38	9	the	the	DET
fbem-21462	38	10	significance	significance	NOUN
fbem-21462	38	11	and	and	CCONJ
fbem-21462	38	12	size	size	NOUN
fbem-21462	38	13	of	of	ADP
fbem-21462	38	14	the	the	DET
fbem-21462	38	15	regression	regression	NOUN
fbem-21462	38	16	coefficients	coefficient	NOUN
fbem-21462	38	17	of	of	ADP
fbem-21462	38	18	digital	digital	ADJ
fbem-21462	38	19	transformation	transformation	NOUN
fbem-21462	38	20	𝑑𝑖𝑔	𝑑𝑖𝑔	ADV
fbem-21462	38	21	,	,	PUNCT
fbem-21462	38	22	and	and	CCONJ
fbem-21462	38	23	mediating	mediate	VERB
fbem-21462	38	24	variables	variable	NOUN
fbem-21462	38	25	𝑀	𝑀	PROPN
fbem-21462	38	26	,	,	PUNCT
fbem-21462	38	27	to	to	PART
fbem-21462	38	28	determine	determine	VERB
fbem-21462	38	29	whether	whether	SCONJ
fbem-21462	38	30	there	there	PRON
fbem-21462	38	31	is	be	VERB
fbem-21462	38	32	a	a	DET
fbem-21462	38	33	mediating	mediate	VERB
fbem-21462	38	34	effect	effect	NOUN
fbem-21462	38	35	.	.	PUNCT
fbem-21462	39	1	the	the	DET
fbem-21462	39	2	specific	specific	ADJ
fbem-21462	39	3	model	model	NOUN
fbem-21462	39	4	②	②	NUM
fbem-21462	39	5	is	be	AUX
fbem-21462	39	6	as	as	SCONJ
fbem-21462	39	7	follows	follow	VERB
fbem-21462	39	8	:	:	PUNCT
fbem-21462	39	9	,	,	PUNCT
fbem-21462	39	10	0	0	NUM
fbem-21462	39	11	1	1	NUM
fbem-21462	39	12	,	,	PUNCT
fbem-21462	39	13	2	2	NUM
fbem-21462	39	14	,	,	PUNCT
fbem-21462	39	15	,	,	PUNCT
fbem-21462	39	16	,	,	PUNCT
fbem-21462	39	17	0	0	NUM
fbem-21462	39	18	1	1	NUM
fbem-21462	39	19	,	,	PUNCT
fbem-21462	39	20	2	2	NUM
fbem-21462	39	21	,	,	PUNCT
fbem-21462	39	22	3	3	NUM
fbem-21462	39	23	,	,	PUNCT
fbem-21462	39	24	,	,	PUNCT
fbem-21462	40	1	d	d	NOUN
fbem-21462	40	2	npro	npro	ADV
fbem-21462	41	1	i	i	PRON
fbem-21462	41	2	t	t	VERB
fbem-21462	42	1	i	i	PRON
fbem-21462	42	2	t	t	X
fbem-21462	43	1	i	i	PRON
fbem-21462	43	2	t	t	X
fbem-21462	44	1	i	i	PRON
fbem-21462	44	2	t	t	X
fbem-21462	45	1	i	i	PRON
fbem-21462	45	2	t	t	X
fbem-21462	46	1	i	i	PRON
fbem-21462	46	2	t	t	X
fbem-21462	47	1	i	i	PRON
fbem-21462	47	2	t	t	X
fbem-21462	48	1	i	i	PRON
fbem-21462	48	2	t	t	X
fbem-21462	49	1	i	i	PRON
fbem-21462	49	2	t	t	X
fbem-21462	50	1	i	i	PRON
fbem-21462	50	2	t	t	X
fbem-21462	51	1	i	i	PRON
fbem-21462	51	2	t	t	PROPN
fbem-21462	51	3	m	m	VERB
fbem-21462	51	4	a	a	DET
fbem-21462	51	5	a	a	DET
fbem-21462	51	6	ig	ig	PROPN
fbem-21462	51	7	a	a	DET
fbem-21462	51	8	control	control	NOUN
fbem-21462	51	9	b	b	PROPN
fbem-21462	51	10	bdig	bdig	X
fbem-21462	51	11	b	b	PROPN
fbem-21462	51	12	m	m	PROPN
fbem-21462	51	13	b	b	PROPN
fbem-21462	51	14	control	control	NOUN
fbem-21462	51	15			NOUN
fbem-21462	51	16			ADJ
fbem-21462	51	17			PROPN
fbem-21462	51	18			NOUN
fbem-21462	51	19			ADJ
fbem-21462	51	20			PROPN
fbem-21462	51	21			PROPN
fbem-21462	51	22			ADV
fbem-21462	51	23			PUNCT
fbem-21462	51	24			PROPN
fbem-21462	51	25			VERB
fbem-21462	51	26			PROPN
fbem-21462	51	27			PROPN
fbem-21462	51	28			PROPN
fbem-21462	51	29			PUNCT
fbem-21462	51	30			PROPN
fbem-21462	51	31			PROPN
fbem-21462	51	32			PUNCT
fbem-21462	51	33			VERB
fbem-21462	51	34	in	in	ADP
fbem-21462	51	35	the	the	DET
fbem-21462	51	36	regression	regression	NOUN
fbem-21462	51	37	model	model	NOUN
fbem-21462	51	38	②	②	NUM
fbem-21462	51	39	,	,	PUNCT
fbem-21462	51	40	the	the	DET
fbem-21462	51	41	total	total	ADJ
fbem-21462	51	42	effect	effect	NOUN
fbem-21462	51	43	of	of	ADP
fbem-21462	51	44	enterprise	enterprise	NOUN
fbem-21462	51	45	digital	digital	ADJ
fbem-21462	51	46	transformation	transformation	NOUN
fbem-21462	51	47	on	on	ADP
fbem-21462	51	48	new	new	ADJ
fbem-21462	51	49	quality	quality	NOUN
fbem-21462	51	50	productivity	productivity	NOUN
fbem-21462	51	51	is	be	AUX
fbem-21462	51	52	b	b	PROPN
fbem-21462	51	53	a	a	DET
fbem-21462	51	54	b	b	NOUN
fbem-21462	51	55	,	,	PUNCT
fbem-21462	51	56	among	among	ADP
fbem-21462	51	57	which	which	PRON
fbem-21462	51	58	the	the	DET
fbem-21462	51	59	direct	direct	ADJ
fbem-21462	51	60	effect	effect	NOUN
fbem-21462	51	61	is	be	AUX
fbem-21462	51	62	b	b	NOUN
fbem-21462	51	63	,	,	PUNCT
fbem-21462	51	64	and	and	CCONJ
fbem-21462	51	65	when	when	SCONJ
fbem-21462	51	66	both	both	DET
fbem-21462	51	67	a	a	PRON
fbem-21462	51	68	and	and	CCONJ
fbem-21462	51	69	b	b	NOUN
fbem-21462	51	70	are	be	AUX
fbem-21462	51	71	significant	significant	ADJ
fbem-21462	51	72	,	,	PUNCT
fbem-21462	51	73	a	a	DET
fbem-21462	51	74	b	b	NOUN
fbem-21462	51	75	is	be	AUX
fbem-21462	51	76	the	the	DET
fbem-21462	51	77	indirect	indirect	ADJ
fbem-21462	51	78	effect	effect	NOUN
fbem-21462	51	79	of	of	ADP
fbem-21462	51	80	enterprise	enterprise	NOUN
fbem-21462	51	81	digital	digital	ADJ
fbem-21462	51	82	transformation	transformation	NOUN
fbem-21462	51	83	on	on	ADP
fbem-21462	51	84	new	new	ADJ
fbem-21462	51	85	quality	quality	NOUN
fbem-21462	51	86	productivity	productivity	NOUN
fbem-21462	51	87	.	.	PUNCT
fbem-21462	52	1	3.3	3.3	NUM
fbem-21462	52	2	.	.	PUNCT
fbem-21462	53	1	variable	variable	ADJ
fbem-21462	53	2	measurement	measurement	NOUN
fbem-21462	53	3	and	and	CCONJ
fbem-21462	53	4	description	description	NOUN
fbem-21462	53	5	3.3.1	3.3.1	NUM
fbem-21462	53	6	.	.	PUNCT
fbem-21462	54	1	core	core	NOUN
fbem-21462	54	2	explanatory	explanatory	ADJ
fbem-21462	54	3	variables	variable	NOUN
fbem-21462	54	4	enterprise	enterprise	VERB
fbem-21462	54	5	digital	digital	ADJ
fbem-21462	54	6	transformation	transformation	NOUN
fbem-21462	54	7	(	(	PUNCT
fbem-21462	54	8	dig	dig	NOUN
fbem-21462	54	9	)	)	PUNCT
fbem-21462	54	10	.	.	PUNCT
fbem-21462	55	1	many	many	ADJ
fbem-21462	55	2	scholars	scholar	NOUN
fbem-21462	55	3	have	have	VERB
fbem-21462	55	4	their	their	PRON
fbem-21462	55	5	own	own	ADJ
fbem-21462	55	6	views	view	NOUN
fbem-21462	55	7	and	and	CCONJ
fbem-21462	55	8	measurement	measurement	NOUN
fbem-21462	55	9	methods	method	NOUN
fbem-21462	55	10	on	on	ADP
fbem-21462	55	11	the	the	DET
fbem-21462	55	12	degree	degree	NOUN
fbem-21462	55	13	of	of	ADP
fbem-21462	55	14	digital	digital	ADJ
fbem-21462	55	15	transformation	transformation	NOUN
fbem-21462	55	16	.	.	PUNCT
fbem-21462	56	1	in	in	ADP
fbem-21462	56	2	the	the	DET
fbem-21462	56	3	study	study	NOUN
fbem-21462	56	4	of	of	ADP
fbem-21462	56	5	yang	yang	PROPN
fbem-21462	56	6	deming	deming	PROPN
fbem-21462	56	7	and	and	CCONJ
fbem-21462	56	8	liu	liu	PROPN
fbem-21462	56	9	yongwen	yongwen	PROPN
fbem-21462	56	10	[	[	X
fbem-21462	56	11	2	2	NUM
fbem-21462	56	12	]	]	PUNCT
fbem-21462	56	13	,	,	PUNCT
fbem-21462	56	14	the	the	DET
fbem-21462	56	15	expert	expert	NOUN
fbem-21462	56	16	scoring	scoring	NOUN
fbem-21462	56	17	method	method	NOUN
fbem-21462	56	18	was	be	AUX
fbem-21462	56	19	used	use	VERB
fbem-21462	56	20	to	to	PART
fbem-21462	56	21	judge	judge	VERB
fbem-21462	56	22	the	the	DET
fbem-21462	56	23	degree	degree	NOUN
fbem-21462	56	24	of	of	ADP
fbem-21462	56	25	digital	digital	ADJ
fbem-21462	56	26	transformation	transformation	NOUN
fbem-21462	56	27	of	of	ADP
fbem-21462	56	28	each	each	DET
fbem-21462	56	29	company	company	NOUN
fbem-21462	56	30	based	base	VERB
fbem-21462	56	31	on	on	ADP
fbem-21462	56	32	the	the	DET
fbem-21462	56	33	description	description	NOUN
fbem-21462	56	34	information	information	NOUN
fbem-21462	56	35	of	of	ADP
fbem-21462	56	36	digital	digital	ADJ
fbem-21462	56	37	transformationrelated	transformationrelate	VERB
fbem-21462	56	38	keywords	keyword	NOUN
fbem-21462	56	39	in	in	ADP
fbem-21462	56	40	the	the	DET
fbem-21462	56	41	annual	annual	ADJ
fbem-21462	56	42	report	report	NOUN
fbem-21462	56	43	,	,	PUNCT
fbem-21462	56	44	the	the	DET
fbem-21462	56	45	number	number	NOUN
fbem-21462	56	46	of	of	ADP
fbem-21462	56	47	disclosures	disclosure	NOUN
fbem-21462	56	48	,	,	PUNCT
fbem-21462	56	49	and	and	CCONJ
fbem-21462	56	50	the	the	DET
fbem-21462	56	51	production	production	NOUN
fbem-21462	56	52	and	and	CCONJ
fbem-21462	56	53	operation	operation	NOUN
fbem-21462	56	54	conditions	condition	NOUN
fbem-21462	56	55	of	of	ADP
fbem-21462	56	56	the	the	DET
fbem-21462	56	57	company	company	NOUN
fbem-21462	56	58	.	.	PUNCT
fbem-21462	57	1	the	the	DET
fbem-21462	57	2	studies	study	NOUN
fbem-21462	57	3	of	of	ADP
fbem-21462	57	4	qi	qi	PROPN
fbem-21462	57	5	huaijin	huaijin	PROPN
fbem-21462	57	6	et	et	PROPN
fbem-21462	57	7	al	al	PROPN
fbem-21462	57	8	.	.	PUNCT
fbem-21462	58	1	[	[	X
fbem-21462	58	2	3	3	X
fbem-21462	58	3	]	]	PUNCT
fbem-21462	58	4	and	and	CCONJ
fbem-21462	58	5	he	he	PRON
fbem-21462	58	6	fan	fan	INTJ
fbem-21462	58	7	et	et	PROPN
fbem-21462	58	8	al	al	PROPN
fbem-21462	58	9	.	.	PUNCT
fbem-21462	59	1	[	[	X
fbem-21462	59	2	4	4	X
fbem-21462	59	3	]	]	PUNCT
fbem-21462	59	4	measured	measure	VERB
fbem-21462	59	5	the	the	DET
fbem-21462	59	6	digitalization	digitalization	NOUN
fbem-21462	59	7	level	level	NOUN
fbem-21462	59	8	of	of	ADP
fbem-21462	59	9	the	the	DET
fbem-21462	59	10	company	company	NOUN
fbem-21462	59	11	by	by	ADP
fbem-21462	59	12	the	the	DET
fbem-21462	59	13	proportion	proportion	NOUN
fbem-21462	59	14	of	of	ADP
fbem-21462	59	15	the	the	DET
fbem-21462	59	16	digital	digital	ADJ
fbem-21462	59	17	transformation	transformation	NOUN
fbem-21462	59	18	-	-	PUNCT
fbem-21462	59	19	related	relate	VERB
fbem-21462	59	20	part	part	NOUN
fbem-21462	59	21	of	of	ADP
fbem-21462	59	22	the	the	DET
fbem-21462	59	23	year	year	NOUN
fbem-21462	59	24	-	-	PUNCT
fbem-21462	59	25	end	end	NOUN
fbem-21462	59	26	intangible	intangible	ADJ
fbem-21462	59	27	asset	asset	NOUN
fbem-21462	59	28	details	detail	NOUN
fbem-21462	59	29	disclosed	disclose	VERB
fbem-21462	59	30	in	in	ADP
fbem-21462	59	31	the	the	DET
fbem-21462	59	32	notes	note	NOUN
fbem-21462	59	33	to	to	ADP
fbem-21462	59	34	the	the	DET
fbem-21462	59	35	financial	financial	ADJ
fbem-21462	59	36	reports	report	NOUN
fbem-21462	59	37	of	of	ADP
fbem-21462	59	38	listed	list	VERB
fbem-21462	59	39	companies	company	NOUN
fbem-21462	59	40	to	to	ADP
fbem-21462	59	41	the	the	DET
fbem-21462	59	42	total	total	ADJ
fbem-21462	59	43	amount	amount	NOUN
fbem-21462	59	44	of	of	ADP
fbem-21462	59	45	intangible	intangible	ADJ
fbem-21462	59	46	assets	asset	NOUN
fbem-21462	59	47	.	.	PUNCT
fbem-21462	60	1	this	this	DET
fbem-21462	60	2	paper	paper	NOUN
fbem-21462	60	3	draws	draw	VERB
fbem-21462	60	4	on	on	ADP
fbem-21462	60	5	the	the	DET
fbem-21462	60	6	research	research	NOUN
fbem-21462	60	7	method	method	NOUN
fbem-21462	60	8	of	of	ADP
fbem-21462	60	9	wu	wu	PROPN
fbem-21462	60	10	fei	fei	PROPN
fbem-21462	60	11	et	et	PROPN
fbem-21462	60	12	al	al	PROPN
fbem-21462	60	13	.	.	PUNCT
fbem-21462	61	1	[	[	X
fbem-21462	61	2	5	5	NUM
fbem-21462	61	3	]	]	PUNCT
fbem-21462	61	4	and	and	CCONJ
fbem-21462	61	5	uses	use	VERB
fbem-21462	61	6	python	python	NOUN
fbem-21462	61	7	to	to	PART
fbem-21462	61	8	extract	extract	VERB
fbem-21462	61	9	the	the	DET
fbem-21462	61	10	data	data	NOUN
fbem-21462	61	11	pool	pool	NOUN
fbem-21462	61	12	formed	form	VERB
fbem-21462	61	13	by	by	ADP
fbem-21462	61	14	the	the	DET
fbem-21462	61	15	annual	annual	ADJ
fbem-21462	61	16	report	report	NOUN
fbem-21462	61	17	text	text	NOUN
fbem-21462	61	18	of	of	ADP
fbem-21462	61	19	listed	list	VERB
fbem-21462	61	20	companies	company	NOUN
fbem-21462	61	21	.	.	PUNCT
fbem-21462	62	1	it	it	PRON
fbem-21462	62	2	searches	search	VERB
fbem-21462	62	3	,	,	PUNCT
fbem-21462	62	4	matches	match	NOUN
fbem-21462	62	5	and	and	CCONJ
fbem-21462	62	6	counts	count	VERB
fbem-21462	62	7	the	the	DET
fbem-21462	62	8	feature	feature	NOUN
fbem-21462	62	9	words	word	NOUN
fbem-21462	62	10	related	relate	VERB
fbem-21462	62	11	to	to	ADP
fbem-21462	62	12	digital	digital	ADJ
fbem-21462	62	13	transformation	transformation	NOUN
fbem-21462	62	14	,	,	PUNCT
fbem-21462	62	15	and	and	CCONJ
fbem-21462	62	16	then	then	ADV
fbem-21462	62	17	classifies	classify	VERB
fbem-21462	62	18	and	and	CCONJ
fbem-21462	62	19	collects	collect	VERB
fbem-21462	62	20	the	the	DET
fbem-21462	62	21	word	word	NOUN
fbem-21462	62	22	frequencies	frequency	NOUN
fbem-21462	62	23	of	of	ADP
fbem-21462	62	24	key	key	ADJ
fbem-21462	62	25	technical	technical	ADJ
fbem-21462	62	26	directions	direction	NOUN
fbem-21462	62	27	to	to	PART
fbem-21462	62	28	form	form	VERB
fbem-21462	62	29	the	the	DET
fbem-21462	62	30	final	final	ADJ
fbem-21462	62	31	total	total	ADJ
fbem-21462	62	32	word	word	NOUN
fbem-21462	62	33	frequencies	frequency	NOUN
fbem-21462	62	34	,	,	PUNCT
fbem-21462	62	35	thereby	thereby	ADV
fbem-21462	62	36	constructing	construct	VERB
fbem-21462	62	37	an	an	DET
fbem-21462	62	38	indicator	indicator	NOUN
fbem-21462	62	39	system	system	NOUN
fbem-21462	62	40	for	for	ADP
fbem-21462	62	41	enterprise	enterprise	NOUN
fbem-21462	62	42	digital	digital	ADJ
fbem-21462	62	43	transformation	transformation	NOUN
fbem-21462	62	44	,	,	PUNCT
fbem-21462	62	45	which	which	PRON
fbem-21462	62	46	is	be	AUX
fbem-21462	62	47	logarithmized	logarithmize	VERB
fbem-21462	62	48	to	to	PART
fbem-21462	62	49	obtain	obtain	VERB
fbem-21462	62	50	an	an	DET
fbem-21462	62	51	overall	overall	ADJ
fbem-21462	62	52	indicator	indicator	NOUN
fbem-21462	62	53	that	that	PRON
fbem-21462	62	54	describes	describe	VERB
fbem-21462	62	55	the	the	DET
fbem-21462	62	56	digital	digital	ADJ
fbem-21462	62	57	transformation	transformation	NOUN
fbem-21462	62	58	of	of	ADP
fbem-21462	62	59	enterprises	enterprise	NOUN
fbem-21462	62	60	.	.	PUNCT
fbem-21462	63	1	3.3.2	3.3.2	X
fbem-21462	63	2	.	.	NUM
fbem-21462	63	3	explained	explain	VERB
fbem-21462	63	4	variable	variable	ADJ
fbem-21462	63	5	new	new	ADJ
fbem-21462	63	6	quality	quality	NOUN
fbem-21462	63	7	productivity	productivity	NOUN
fbem-21462	63	8	(	(	PUNCT
fbem-21462	63	9	npro	npro	ADJ
fbem-21462	63	10	)	)	PUNCT
fbem-21462	63	11	.	.	PUNCT
fbem-21462	64	1	this	this	DET
fbem-21462	64	2	paper	paper	NOUN
fbem-21462	64	3	draws	draw	VERB
fbem-21462	64	4	on	on	ADP
fbem-21462	64	5	the	the	DET
fbem-21462	64	6	research	research	NOUN
fbem-21462	64	7	method	method	NOUN
fbem-21462	64	8	of	of	ADP
fbem-21462	64	9	song	song	NOUN
fbem-21462	64	10	jia	jia	PROPN
fbem-21462	64	11	et	et	PROPN
fbem-21462	64	12	al	al	PROPN
fbem-21462	64	13	.	.	PUNCT
fbem-21462	65	1	[	[	X
fbem-21462	65	2	6	6	NUM
fbem-21462	65	3	]	]	PUNCT
fbem-21462	65	4	.	.	PUNCT
fbem-21462	66	1	based	base	VERB
fbem-21462	66	2	on	on	ADP
fbem-21462	66	3	the	the	DET
fbem-21462	66	4	two	two	NUM
fbem-21462	66	5	-	-	PUNCT
fbem-21462	66	6	factor	factor	NOUN
fbem-21462	66	7	theory	theory	NOUN
fbem-21462	66	8	of	of	ADP
fbem-21462	66	9	productivity	productivity	NOUN
fbem-21462	66	10	,	,	PUNCT
fbem-21462	66	11	it	it	PRON
fbem-21462	66	12	refines	refine	VERB
fbem-21462	66	13	the	the	DET
fbem-21462	66	14	two	two	NUM
fbem-21462	66	15	productivity	productivity	NOUN
fbem-21462	66	16	factors	factor	NOUN
fbem-21462	66	17	,	,	PUNCT
fbem-21462	66	18	labor	labor	NOUN
fbem-21462	66	19	and	and	CCONJ
fbem-21462	66	20	production	production	NOUN
fbem-21462	66	21	tools	tool	NOUN
fbem-21462	66	22	,	,	PUNCT
fbem-21462	66	23	and	and	CCONJ
fbem-21462	66	24	considers	consider	VERB
fbem-21462	66	25	the	the	DET
fbem-21462	66	26	role	role	NOUN
fbem-21462	66	27	and	and	CCONJ
fbem-21462	66	28	value	value	NOUN
fbem-21462	66	29	of	of	ADP
fbem-21462	66	30	the	the	DET
fbem-21462	66	31	labor	labor	NOUN
fbem-21462	66	32	object	object	NOUN
fbem-21462	66	33	in	in	ADP
fbem-21462	66	34	the	the	DET
fbem-21462	66	35	production	production	NOUN
fbem-21462	66	36	process	process	NOUN
fbem-21462	66	37	.	.	PUNCT
fbem-21462	67	1	the	the	DET
fbem-21462	67	2	entropy	entropy	NOUN
fbem-21462	67	3	method	method	NOUN
fbem-21462	67	4	is	be	AUX
fbem-21462	67	5	used	use	VERB
fbem-21462	67	6	to	to	PART
fbem-21462	67	7	measure	measure	VERB
fbem-21462	67	8	the	the	DET
fbem-21462	67	9	new	new	ADJ
fbem-21462	67	10	quality	quality	NOUN
fbem-21462	67	11	productivity	productivity	NOUN
fbem-21462	67	12	.	.	PUNCT
fbem-21462	68	1	in	in	ADP
fbem-21462	68	2	order	order	NOUN
fbem-21462	68	3	to	to	PART
fbem-21462	68	4	display	display	VERB
fbem-21462	68	5	the	the	DET
fbem-21462	68	6	results	result	NOUN
fbem-21462	68	7	intuitively	intuitively	ADV
fbem-21462	68	8	,	,	PUNCT
fbem-21462	68	9	the	the	DET
fbem-21462	68	10	results	result	NOUN
fbem-21462	68	11	are	be	AUX
fbem-21462	68	12	multiplied	multiply	VERB
fbem-21462	68	13	by	by	ADP
fbem-21462	68	14	1000	1000	NUM
fbem-21462	68	15	to	to	PART
fbem-21462	68	16	obtain	obtain	VERB
fbem-21462	68	17	the	the	DET
fbem-21462	68	18	final	final	ADJ
fbem-21462	68	19	new	new	ADJ
fbem-21462	68	20	quality	quality	NOUN
fbem-21462	68	21	productivity	productivity	NOUN
fbem-21462	68	22	index	index	NOUN
fbem-21462	68	23	(	(	PUNCT
fbem-21462	68	24	npro	npro	ADJ
fbem-21462	68	25	)	)	PUNCT
fbem-21462	68	26	.	.	PUNCT
fbem-21462	69	1	3.3.3	3.3.3	X
fbem-21462	69	2	.	.	PUNCT
fbem-21462	69	3	intermediary	intermediary	ADJ
fbem-21462	69	4	variables	variable	NOUN
fbem-21462	69	5	①	①	NUM
fbem-21462	69	6	innovation	innovation	NOUN
fbem-21462	69	7	efficiency	efficiency	NOUN
fbem-21462	69	8	(	(	PUNCT
fbem-21462	69	9	innoeff	innoeff	NOUN
fbem-21462	69	10	)	)	PUNCT
fbem-21462	69	11	.	.	PUNCT
fbem-21462	70	1	the	the	DET
fbem-21462	70	2	number	number	NOUN
fbem-21462	70	3	of	of	ADP
fbem-21462	70	4	patent	patent	NOUN
fbem-21462	70	5	applications	application	NOUN
fbem-21462	70	6	per	per	ADP
fbem-21462	70	7	unit	unit	NOUN
fbem-21462	70	8	of	of	ADP
fbem-21462	70	9	r&d	r&d	NOUN
fbem-21462	70	10	investment	investment	NOUN
fbem-21462	70	11	is	be	AUX
fbem-21462	70	12	used	use	VERB
fbem-21462	70	13	as	as	ADP
fbem-21462	70	14	a	a	DET
fbem-21462	70	15	comprehensive	comprehensive	ADJ
fbem-21462	70	16	indicator	indicator	NOUN
fbem-21462	70	17	of	of	ADP
fbem-21462	70	18	innovation	innovation	NOUN
fbem-21462	70	19	efficiency	efficiency	NOUN
fbem-21462	70	20	.	.	PUNCT
fbem-21462	71	1	the	the	DET
fbem-21462	71	2	specific	specific	ADJ
fbem-21462	71	3	formula	formula	NOUN
fbem-21462	71	4	is	be	AUX
fbem-21462	71	5	as	as	SCONJ
fbem-21462	71	6	follows	follow	VERB
fbem-21462	71	7	:	:	PUNCT
fbem-21462	71	8	innoeff	innoeff	NOUN
fbem-21462	71	9	=	=	SYM
fbem-21462	71	10	pantent	pantent	PROPN
fbem-21462	71	11	/	/	SYM
fbem-21462	71	12	ln(1+r&d	ln(1+r&d	NOUN
fbem-21462	71	13	expenditure	expenditure	NOUN
fbem-21462	71	14	)	)	PUNCT
fbem-21462	71	15	the	the	DET
fbem-21462	71	16	value	value	NOUN
fbem-21462	71	17	of	of	ADP
fbem-21462	71	18	pantent	pantent	NOUN
fbem-21462	71	19	is	be	AUX
fbem-21462	71	20	the	the	DET
fbem-21462	71	21	natural	natural	ADJ
fbem-21462	71	22	logarithm	logarithm	NOUN
fbem-21462	71	23	of	of	ADP
fbem-21462	71	24	the	the	DET
fbem-21462	71	25	total	total	ADJ
fbem-21462	71	26	number	number	NOUN
fbem-21462	71	27	of	of	ADP
fbem-21462	71	28	applications	application	NOUN
fbem-21462	71	29	for	for	ADP
fbem-21462	71	30	invention	invention	NOUN
fbem-21462	71	31	patents	patent	NOUN
fbem-21462	71	32	,	,	PUNCT
fbem-21462	71	33	utility	utility	NOUN
fbem-21462	71	34	models	model	NOUN
fbem-21462	71	35	and	and	CCONJ
fbem-21462	71	36	design	design	NOUN
fbem-21462	71	37	patents	patent	NOUN
fbem-21462	71	38	plus	plus	CCONJ
fbem-21462	71	39	1	1	NUM
fbem-21462	71	40	.	.	PUNCT
fbem-21462	72	1	the	the	DET
fbem-21462	72	2	weights	weight	NOUN
fbem-21462	72	3	of	of	ADP
fbem-21462	72	4	the	the	DET
fbem-21462	72	5	three	three	NUM
fbem-21462	72	6	types	type	NOUN
fbem-21462	72	7	of	of	ADP
fbem-21462	72	8	patents	patent	NOUN
fbem-21462	72	9	are	be	AUX
fbem-21462	72	10	determined	determine	VERB
fbem-21462	72	11	according	accord	VERB
fbem-21462	72	12	to	to	ADP
fbem-21462	72	13	3:2:1	3:2:1	NUM
fbem-21462	72	14	.	.	PUNCT
fbem-21462	73	1	②	②	NUM
fbem-21462	73	2	information	information	NOUN
fbem-21462	73	3	asymmetry	asymmetry	NOUN
fbem-21462	73	4	(	(	PUNCT
fbem-21462	73	5	asy	asy	PROPN
fbem-21462	73	6	)	)	PUNCT
fbem-21462	73	7	.	.	PUNCT
fbem-21462	74	1	according	accord	VERB
fbem-21462	74	2	to	to	ADP
fbem-21462	74	3	the	the	DET
fbem-21462	74	4	construction	construction	NOUN
fbem-21462	74	5	methods	method	NOUN
fbem-21462	74	6	of	of	ADP
fbem-21462	74	7	song	song	NOUN
fbem-21462	74	8	min	min	PROPN
fbem-21462	74	9	et	et	PROPN
fbem-21462	74	10	al	al	PROPN
fbem-21462	74	11	.	.	PUNCT
fbem-21462	75	1	[	[	X
fbem-21462	75	2	7	7	X
fbem-21462	75	3	]	]	PUNCT
fbem-21462	75	4	and	and	CCONJ
fbem-21462	75	5	yu	yu	PROPN
fbem-21462	75	6	wei	wei	PROPN
fbem-21462	75	7	et	et	PROPN
fbem-21462	75	8	al	al	PROPN
fbem-21462	75	9	.	.	PUNCT
fbem-21462	76	1	[	[	X
fbem-21462	76	2	8	8	NUM
fbem-21462	76	3	]	]	PUNCT
fbem-21462	76	4	,	,	PUNCT
fbem-21462	76	5	three	three	NUM
fbem-21462	76	6	stock	stock	NOUN
fbem-21462	76	7	liquidity	liquidity	NOUN
fbem-21462	76	8	indicators	indicator	NOUN
fbem-21462	76	9	are	be	AUX
fbem-21462	76	10	first	first	ADV
fbem-21462	76	11	constructed	construct	VERB
fbem-21462	76	12	:	:	PUNCT
fbem-21462	76	13	the	the	DET
fbem-21462	76	14	liquidity	liquidity	NOUN
fbem-21462	76	15	ratio	ratio	NOUN
fbem-21462	76	16	indicator	indicator	NOUN
fbem-21462	76	17	lr	lr	PROPN
fbem-21462	76	18	,	,	PUNCT
fbem-21462	76	19	the	the	DET
fbem-21462	76	20	illiquidity	illiquidity	NOUN
fbem-21462	76	21	ratio	ratio	NOUN
fbem-21462	76	22	indicator	indicator	PROPN
fbem-21462	76	23	ill	ill	PROPN
fbem-21462	76	24	,	,	PUNCT
fbem-21462	76	25	and	and	CCONJ
fbem-21462	76	26	the	the	DET
fbem-21462	76	27	yield	yield	NOUN
fbem-21462	76	28	reversal	reversal	NOUN
fbem-21462	76	29	indicator	indicator	NOUN
fbem-21462	76	30	gam	gam	NOUN
fbem-21462	76	31	.	.	PUNCT
fbem-21462	77	1	the	the	PRON
fbem-21462	77	2	worse	bad	ADJ
fbem-21462	77	3	the	the	DET
fbem-21462	77	4	stock	stock	NOUN
fbem-21462	77	5	liquidity	liquidity	NOUN
fbem-21462	77	6	,	,	PUNCT
fbem-21462	77	7	the	the	PRON
fbem-21462	77	8	higher	high	ADJ
fbem-21462	77	9	the	the	DET
fbem-21462	77	10	degree	degree	NOUN
fbem-21462	77	11	of	of	ADP
fbem-21462	77	12	information	information	NOUN
fbem-21462	77	13	asymmetry	asymmetry	NOUN
fbem-21462	77	14	;	;	PUNCT
fbem-21462	77	15	then	then	ADV
fbem-21462	77	16	,	,	PUNCT
fbem-21462	77	17	principal	principal	ADJ
fbem-21462	77	18	component	component	NOUN
fbem-21462	77	19	analysis	analysis	NOUN
fbem-21462	77	20	is	be	AUX
fbem-21462	77	21	performed	perform	VERB
fbem-21462	77	22	on	on	ADP
fbem-21462	77	23	lr	lr	PROPN
fbem-21462	77	24	,	,	PUNCT
fbem-21462	77	25	ill	ill	ADJ
fbem-21462	77	26	,	,	PUNCT
fbem-21462	77	27	and	and	CCONJ
fbem-21462	77	28	gam	gam	NOUN
fbem-21462	77	29	to	to	PART
fbem-21462	77	30	construct	construct	VERB
fbem-21462	77	31	a	a	DET
fbem-21462	77	32	comprehensive	comprehensive	ADJ
fbem-21462	77	33	indicator	indicator	NOUN
fbem-21462	77	34	of	of	ADP
fbem-21462	77	35	information	information	NOUN
fbem-21462	77	36	asymmetry	asymmetry	NOUN
fbem-21462	77	37	(	(	PUNCT
fbem-21462	77	38	asy	asy	PROPN
fbem-21462	77	39	)	)	PUNCT
fbem-21462	77	40	.	.	PUNCT
fbem-21462	78	1	3.3.4	3.3.4	X
fbem-21462	78	2	.	.	PUNCT
fbem-21462	79	1	control	control	NOUN
fbem-21462	79	2	variables	variable	VERB
fbem-21462	79	3	a	a	DET
fbem-21462	79	4	series	series	NOUN
fbem-21462	79	5	of	of	ADP
fbem-21462	79	6	control	control	NOUN
fbem-21462	79	7	variables	variable	NOUN
fbem-21462	79	8	related	relate	VERB
fbem-21462	79	9	to	to	ADP
fbem-21462	79	10	company	company	NOUN
fbem-21462	79	11	finance	finance	NOUN
fbem-21462	79	12	,	,	PUNCT
fbem-21462	79	13	growth	growth	NOUN
fbem-21462	79	14	factors	factor	NOUN
fbem-21462	79	15	,	,	PUNCT
fbem-21462	79	16	and	and	CCONJ
fbem-21462	79	17	corporate	corporate	ADJ
fbem-21462	79	18	governance	governance	NOUN
fbem-21462	79	19	were	be	AUX
fbem-21462	79	20	selected	select	VERB
fbem-21462	79	21	,	,	PUNCT
fbem-21462	79	22	including	include	VERB
fbem-21462	79	23	company	company	NOUN
fbem-21462	79	24	size	size	NOUN
fbem-21462	79	25	(	(	PUNCT
fbem-21462	79	26	size	size	NOUN
fbem-21462	79	27	)	)	PUNCT
fbem-21462	79	28	,	,	PUNCT
fbem-21462	79	29	debt	debt	NOUN
fbem-21462	79	30	to	to	ADP
fbem-21462	79	31	asset	asset	NOUN
fbem-21462	79	32	ratio	ratio	NOUN
fbem-21462	79	33	(	(	PUNCT
fbem-21462	79	34	lev	lev	NOUN
fbem-21462	79	35	)	)	PUNCT
fbem-21462	79	36	,	,	PUNCT
fbem-21462	79	37	return	return	VERB
fbem-21462	79	38	on	on	ADP
fbem-21462	79	39	total	total	ADJ
fbem-21462	79	40	assets	asset	NOUN
fbem-21462	79	41	(	(	PUNCT
fbem-21462	79	42	roa	roa	NOUN
fbem-21462	79	43	)	)	PUNCT
fbem-21462	79	44	,	,	PUNCT
fbem-21462	79	45	company	company	NOUN
fbem-21462	79	46	age	age	NOUN
fbem-21462	79	47	(	(	PUNCT
fbem-21462	79	48	firmage	firmage	NOUN
fbem-21462	79	49	)	)	PUNCT
fbem-21462	79	50	,	,	PUNCT
fbem-21462	79	51	dual	dual	ADJ
fbem-21462	79	52	position	position	NOUN
fbem-21462	79	53	(	(	PUNCT
fbem-21462	79	54	dual	dual	ADJ
fbem-21462	79	55	)	)	PUNCT
fbem-21462	79	56	,	,	PUNCT
fbem-21462	79	57	board	board	NOUN
fbem-21462	79	58	size	size	NOUN
fbem-21462	79	59	(	(	PUNCT
fbem-21462	79	60	board	board	NOUN
fbem-21462	79	61	)	)	PUNCT
fbem-21462	79	62	,	,	PUNCT
fbem-21462	79	63	equity	equity	NOUN
fbem-21462	79	64	concentration	concentration	NOUN
fbem-21462	79	65	(	(	PUNCT
fbem-21462	79	66	top1	top1	PROPN
fbem-21462	79	67	)	)	PUNCT
fbem-21462	79	68	,	,	PUNCT
fbem-21462	79	69	and	and	CCONJ
fbem-21462	79	70	proportion	proportion	NOUN
fbem-21462	79	71	of	of	ADP
fbem-21462	79	72	independent	independent	ADJ
fbem-21462	79	73	directors	director	NOUN
fbem-21462	79	74	(	(	PUNCT
fbem-21462	79	75	indep	indep	NOUN
fbem-21462	79	76	)	)	PUNCT
fbem-21462	79	77	.	.	PUNCT
fbem-21462	80	1	the	the	DET
fbem-21462	80	2	specific	specific	ADJ
fbem-21462	80	3	instructions	instruction	NOUN
fbem-21462	80	4	are	be	AUX
fbem-21462	80	5	shown	show	VERB
fbem-21462	80	6	in	in	ADP
fbem-21462	80	7	table	table	NOUN
fbem-21462	80	8	1	1	NUM
fbem-21462	80	9	:	:	PUNCT
fbem-21462	80	10	table	table	NOUN
fbem-21462	80	11	1	1	NUM
fbem-21462	80	12	.	.	PUNCT
fbem-21462	80	13	variable	variable	ADJ
fbem-21462	80	14	description	description	NOUN
fbem-21462	80	15	variable	variable	ADJ
fbem-21462	80	16	type	type	NOUN
fbem-21462	80	17	variable	variable	ADJ
fbem-21462	80	18	name	name	NOUN
fbem-21462	80	19	variable	variable	ADJ
fbem-21462	80	20	symbols	symbol	NOUN
fbem-21462	80	21	variable	variable	ADJ
fbem-21462	80	22	description	description	NOUN
fbem-21462	80	23	control	control	NOUN
fbem-21462	80	24	variables	variable	VERB
fbem-21462	80	25	enterprise	enterprise	NOUN
fbem-21462	80	26	scale	scale	NOUN
fbem-21462	80	27	size	size	NOUN
fbem-21462	80	28	ln	ln	NOUN
fbem-21462	80	29	(	(	PUNCT
fbem-21462	80	30	total	total	ADJ
fbem-21462	80	31	assets	asset	NOUN
fbem-21462	80	32	of	of	ADP
fbem-21462	80	33	the	the	DET
fbem-21462	80	34	enterprise	enterprise	NOUN
fbem-21462	80	35	)	)	PUNCT
fbem-21462	80	36	asset	asset	NOUN
fbem-21462	80	37	liability	liability	NOUN
fbem-21462	80	38	ratio	ratio	NOUN
fbem-21462	80	39	lev	lev	NOUN
fbem-21462	80	40	total	total	ADJ
fbem-21462	80	41	liabilities	liability	NOUN
fbem-21462	80	42	/	/	SYM
fbem-21462	80	43	total	total	ADJ
fbem-21462	80	44	assets	asset	NOUN
fbem-21462	80	45	return	return	VERB
fbem-21462	80	46	on	on	ADP
fbem-21462	80	47	total	total	ADJ
fbem-21462	80	48	assets	asset	NOUN
fbem-21462	80	49	roa	roa	PROPN
fbem-21462	80	50	net	net	ADJ
fbem-21462	80	51	profit	profit	NOUN
fbem-21462	80	52	/	/	SYM
fbem-21462	80	53	average	average	ADJ
fbem-21462	80	54	total	total	ADJ
fbem-21462	80	55	assets	asset	NOUN
fbem-21462	80	56	enterprise	enterprise	NOUN
fbem-21462	80	57	age	age	NOUN
fbem-21462	80	58	firmage	firmage	NOUN
fbem-21462	80	59	ln	ln	X
fbem-21462	80	60	(	(	PUNCT
fbem-21462	80	61	inspection	inspection	NOUN
fbem-21462	80	62	year	year	NOUN
fbem-21462	80	63	company	company	NOUN
fbem-21462	80	64	establishment	establishment	NOUN
fbem-21462	80	65	year+1	year+1	NOUN
fbem-21462	80	66	)	)	PUNCT
fbem-21462	80	67	integration	integration	NOUN
fbem-21462	80	68	of	of	ADP
fbem-21462	80	69	two	two	NUM
fbem-21462	80	70	positions	position	NOUN
fbem-21462	80	71	dual	dual	ADJ
fbem-21462	80	72	chairman	chairman	NOUN
fbem-21462	80	73	and	and	CCONJ
fbem-21462	80	74	management	management	NOUN
fbem-21462	80	75	are	be	AUX
fbem-21462	80	76	the	the	DET
fbem-21462	80	77	same	same	ADJ
fbem-21462	80	78	person	person	NOUN
fbem-21462	80	79	,	,	PUNCT
fbem-21462	80	80	dual=1	dual=1	PROPN
fbem-21462	80	81	,	,	PUNCT
fbem-21462	80	82	otherwise	otherwise	ADV
fbem-21462	80	83	0	0	NUM
fbem-21462	80	84	board	board	NOUN
fbem-21462	80	85	size	size	NOUN
fbem-21462	80	86	board	board	PROPN
fbem-21462	80	87	ln	ln	PROPN
fbem-21462	80	88	(	(	PUNCT
fbem-21462	80	89	number	number	NOUN
fbem-21462	80	90	of	of	ADP
fbem-21462	80	91	directors+1	directors+1	PROPN
fbem-21462	80	92	)	)	PUNCT
fbem-21462	80	93	equity	equity	NOUN
fbem-21462	80	94	concentration	concentration	NOUN
fbem-21462	80	95	top1	top1	PROPN
fbem-21462	80	96	the	the	DET
fbem-21462	80	97	largest	large	ADJ
fbem-21462	80	98	shareholder	shareholder	NOUN
fbem-21462	80	99	's	's	PART
fbem-21462	80	100	shareholding	shareholding	NOUN
fbem-21462	80	101	ratio	ratio	NOUN
fbem-21462	80	102	proportion	proportion	NOUN
fbem-21462	80	103	of	of	ADP
fbem-21462	80	104	independent	independent	ADJ
fbem-21462	80	105	directors	director	NOUN
fbem-21462	80	106	indep	indep	NOUN
fbem-21462	80	107	number	number	NOUN
fbem-21462	80	108	of	of	ADP
fbem-21462	80	109	independent	independent	ADJ
fbem-21462	80	110	directors	director	NOUN
fbem-21462	80	111	/	/	SYM
fbem-21462	80	112	total	total	ADJ
fbem-21462	80	113	number	number	NOUN
fbem-21462	80	114	of	of	ADP
fbem-21462	80	115	directors	director	NOUN
fbem-21462	80	116	341	341	NUM
fbem-21462	80	117	4	4	NUM
fbem-21462	80	118	.	.	PUNCT
fbem-21462	81	1	empirical	empirical	ADJ
fbem-21462	81	2	result	result	NOUN
fbem-21462	81	3	analysis	analysis	NOUN
fbem-21462	81	4	4.1	4.1	NUM
fbem-21462	81	5	.	.	PUNCT
fbem-21462	82	1	benchmark	benchmark	NOUN
fbem-21462	82	2	regression	regression	NOUN
fbem-21462	82	3	this	this	DET
fbem-21462	82	4	article	article	NOUN
fbem-21462	82	5	uses	use	VERB
fbem-21462	82	6	regression	regression	NOUN
fbem-21462	82	7	model	model	NOUN
fbem-21462	82	8	①	①	PROPN
fbem-21462	82	9	to	to	PART
fbem-21462	82	10	test	test	VERB
fbem-21462	82	11	the	the	DET
fbem-21462	82	12	relationship	relationship	NOUN
fbem-21462	82	13	between	between	ADP
fbem-21462	82	14	enterprise	enterprise	NOUN
fbem-21462	82	15	digital	digital	ADJ
fbem-21462	82	16	transformation	transformation	NOUN
fbem-21462	82	17	and	and	CCONJ
fbem-21462	82	18	new	new	ADJ
fbem-21462	82	19	quality	quality	NOUN
fbem-21462	82	20	productivity	productivity	NOUN
fbem-21462	82	21	.	.	PUNCT
fbem-21462	83	1	the	the	DET
fbem-21462	83	2	regression	regression	NOUN
fbem-21462	83	3	results	result	NOUN
fbem-21462	83	4	of	of	ADP
fbem-21462	83	5	the	the	DET
fbem-21462	83	6	direct	direct	ADJ
fbem-21462	83	7	impact	impact	NOUN
fbem-21462	83	8	of	of	ADP
fbem-21462	83	9	enterprise	enterprise	NOUN
fbem-21462	83	10	digital	digital	ADJ
fbem-21462	83	11	transformation	transformation	NOUN
fbem-21462	83	12	on	on	ADP
fbem-21462	83	13	new	new	ADJ
fbem-21462	83	14	quality	quality	NOUN
fbem-21462	83	15	productivity	productivity	NOUN
fbem-21462	83	16	are	be	AUX
fbem-21462	83	17	shown	show	VERB
fbem-21462	83	18	in	in	ADP
fbem-21462	83	19	table	table	NOUN
fbem-21462	83	20	2	2	NUM
fbem-21462	83	21	.	.	PUNCT
fbem-21462	84	1	the	the	DET
fbem-21462	84	2	first	first	ADJ
fbem-21462	84	3	column	column	NOUN
fbem-21462	84	4	in	in	ADP
fbem-21462	84	5	the	the	DET
fbem-21462	84	6	table	table	NOUN
fbem-21462	84	7	shows	show	VERB
fbem-21462	84	8	the	the	DET
fbem-21462	84	9	regression	regression	NOUN
fbem-21462	84	10	results	result	VERB
fbem-21462	84	11	that	that	SCONJ
fbem-21462	84	12	only	only	ADV
fbem-21462	84	13	control	control	NOUN
fbem-21462	84	14	for	for	ADP
fbem-21462	84	15	industry	industry	NOUN
fbem-21462	84	16	fixed	fix	VERB
fbem-21462	84	17	effects	effect	NOUN
fbem-21462	84	18	and	and	CCONJ
fbem-21462	84	19	year	year	NOUN
fbem-21462	84	20	fixed	fix	VERB
fbem-21462	84	21	effects	effect	NOUN
fbem-21462	84	22	.	.	PUNCT
fbem-21462	85	1	it	it	PRON
fbem-21462	85	2	shows	show	VERB
fbem-21462	85	3	that	that	SCONJ
fbem-21462	85	4	the	the	DET
fbem-21462	85	5	relationship	relationship	NOUN
fbem-21462	85	6	between	between	ADP
fbem-21462	85	7	digital	digital	ADJ
fbem-21462	85	8	transformation	transformation	NOUN
fbem-21462	85	9	of	of	ADP
fbem-21462	85	10	enterprises	enterprise	NOUN
fbem-21462	85	11	and	and	CCONJ
fbem-21462	85	12	new	new	ADJ
fbem-21462	85	13	quality	quality	NOUN
fbem-21462	85	14	productivity	productivity	NOUN
fbem-21462	85	15	is	be	AUX
fbem-21462	85	16	significantly	significantly	ADV
fbem-21462	85	17	positive	positive	ADJ
fbem-21462	85	18	at	at	ADP
fbem-21462	85	19	a	a	DET
fbem-21462	85	20	confidence	confidence	NOUN
fbem-21462	85	21	level	level	NOUN
fbem-21462	85	22	of	of	ADP
fbem-21462	85	23	1	1	NUM
fbem-21462	85	24	%	%	NOUN
fbem-21462	85	25	,	,	PUNCT
fbem-21462	85	26	indicating	indicate	VERB
fbem-21462	85	27	that	that	SCONJ
fbem-21462	85	28	digital	digital	ADJ
fbem-21462	85	29	transformation	transformation	NOUN
fbem-21462	85	30	has	have	VERB
fbem-21462	85	31	a	a	DET
fbem-21462	85	32	positive	positive	ADJ
fbem-21462	85	33	impact	impact	NOUN
fbem-21462	85	34	on	on	ADP
fbem-21462	85	35	new	new	ADJ
fbem-21462	85	36	quality	quality	NOUN
fbem-21462	85	37	productivity	productivity	NOUN
fbem-21462	85	38	.	.	PUNCT
fbem-21462	86	1	the	the	DET
fbem-21462	86	2	second	second	ADJ
fbem-21462	86	3	column	column	NOUN
fbem-21462	86	4	shows	show	VERB
fbem-21462	86	5	the	the	DET
fbem-21462	86	6	regression	regression	NOUN
fbem-21462	86	7	results	result	NOUN
fbem-21462	86	8	of	of	ADP
fbem-21462	86	9	adding	add	VERB
fbem-21462	86	10	control	control	NOUN
fbem-21462	86	11	variables	variable	NOUN
fbem-21462	86	12	at	at	ADP
fbem-21462	86	13	the	the	DET
fbem-21462	86	14	enterprise	enterprise	NOUN
fbem-21462	86	15	level	level	NOUN
fbem-21462	86	16	on	on	ADP
fbem-21462	86	17	the	the	DET
fbem-21462	86	18	basis	basis	NOUN
fbem-21462	86	19	of	of	ADP
fbem-21462	86	20	the	the	DET
fbem-21462	86	21	previous	previous	ADJ
fbem-21462	86	22	analysis	analysis	NOUN
fbem-21462	86	23	.	.	PUNCT
fbem-21462	87	1	the	the	DET
fbem-21462	87	2	results	result	NOUN
fbem-21462	87	3	show	show	VERB
fbem-21462	87	4	that	that	SCONJ
fbem-21462	87	5	digital	digital	ADJ
fbem-21462	87	6	transformation	transformation	NOUN
fbem-21462	87	7	of	of	ADP
fbem-21462	87	8	enterprises	enterprise	NOUN
fbem-21462	87	9	is	be	AUX
fbem-21462	87	10	positively	positively	ADV
fbem-21462	87	11	correlated	correlate	VERB
fbem-21462	87	12	with	with	ADP
fbem-21462	87	13	new	new	ADJ
fbem-21462	87	14	quality	quality	NOUN
fbem-21462	87	15	productivity	productivity	NOUN
fbem-21462	87	16	at	at	ADP
fbem-21462	87	17	a	a	DET
fbem-21462	87	18	significance	significance	NOUN
fbem-21462	87	19	level	level	NOUN
fbem-21462	87	20	of	of	ADP
fbem-21462	87	21	5	5	NUM
fbem-21462	87	22	%	%	NOUN
fbem-21462	87	23	.	.	PUNCT
fbem-21462	88	1	the	the	DET
fbem-21462	88	2	conclusion	conclusion	NOUN
fbem-21462	88	3	is	be	AUX
fbem-21462	88	4	consistent	consistent	ADJ
fbem-21462	88	5	with	with	ADP
fbem-21462	88	6	the	the	DET
fbem-21462	88	7	previous	previous	ADJ
fbem-21462	88	8	regression	regression	NOUN
fbem-21462	88	9	,	,	PUNCT
fbem-21462	88	10	supporting	support	VERB
fbem-21462	88	11	hypothesis	hypothesis	NOUN
fbem-21462	88	12	1	1	NUM
fbem-21462	88	13	that	that	SCONJ
fbem-21462	88	14	digital	digital	ADJ
fbem-21462	88	15	transformation	transformation	NOUN
fbem-21462	88	16	of	of	ADP
fbem-21462	88	17	enterprises	enterprise	NOUN
fbem-21462	88	18	can	can	AUX
fbem-21462	88	19	promote	promote	VERB
fbem-21462	88	20	the	the	DET
fbem-21462	88	21	improvement	improvement	NOUN
fbem-21462	88	22	of	of	ADP
fbem-21462	88	23	new	new	ADJ
fbem-21462	88	24	quality	quality	NOUN
fbem-21462	88	25	productivity	productivity	NOUN
fbem-21462	88	26	.	.	PUNCT
fbem-21462	89	1	table	table	NOUN
fbem-21462	89	2	2	2	NUM
fbem-21462	89	3	.	.	PUNCT
fbem-21462	89	4	benchmark	benchmark	NOUN
fbem-21462	89	5	regression	regression	NOUN
fbem-21462	89	6	(	(	PUNCT
fbem-21462	89	7	1	1	NUM
fbem-21462	89	8	)	)	PUNCT
fbem-21462	89	9	(	(	PUNCT
fbem-21462	89	10	2	2	X
fbem-21462	89	11	)	)	PUNCT
fbem-21462	89	12	npro	npro	ADJ
fbem-21462	89	13	npro	npro	ADV
fbem-21462	89	14	dig	dig	VERB
fbem-21462	89	15	0.102	0.102	NUM
fbem-21462	89	16	*	*	PUNCT
fbem-21462	90	1	*	*	PUNCT
fbem-21462	91	1	*	*	PUNCT
fbem-21462	91	2	0.068	0.068	NUM
fbem-21462	91	3	*	*	X
fbem-21462	91	4	*	*	PUNCT
fbem-21462	91	5	(	(	PUNCT
fbem-21462	91	6	0.032	0.032	NUM
fbem-21462	91	7	)	)	PUNCT
fbem-21462	91	8	(	(	PUNCT
fbem-21462	91	9	0.033	0.033	NUM
fbem-21462	91	10	)	)	PUNCT
fbem-21462	91	11	control	control	NOUN
fbem-21462	91	12	variables	variable	NOUN
fbem-21462	91	13	control	control	NOUN
fbem-21462	91	14	controls	control	VERB
fbem-21462	91	15	_	_	PROPN
fbem-21462	91	16	cons	con	NOUN
fbem-21462	91	17	4.272	4.272	NUM
fbem-21462	91	18	*	*	PUNCT
fbem-21462	91	19	*	*	PUNCT
fbem-21462	91	20	*	*	PUNCT
fbem-21462	91	21	-1.040	-1.040	PUNCT
fbem-21462	91	22	(	(	PUNCT
fbem-21462	91	23	0.541	0.541	NUM
fbem-21462	91	24	)	)	PUNCT
fbem-21462	91	25	(	(	PUNCT
fbem-21462	91	26	1.088	1.088	NUM
fbem-21462	91	27	)	)	PUNCT
fbem-21462	91	28	n	n	DET
fbem-21462	91	29	27050	27050	NUM
fbem-21462	91	30	27050	27050	NUM
fbem-21462	91	31	r2	r2	NOUN
fbem-21462	91	32	0.057	0.057	NUM
fbem-21462	91	33	0.061	0.061	NUM
fbem-21462	91	34	year	year	NOUN
fbem-21462	91	35	control	control	NOUN
fbem-21462	91	36	control	control	PROPN
fbem-21462	91	37	industry	industry	NOUN
fbem-21462	91	38	control	control	PROPN
fbem-21462	91	39	control	control	PROPN
fbem-21462	91	40	standard	standard	ADJ
fbem-21462	91	41	errors	error	NOUN
fbem-21462	91	42	in	in	ADP
fbem-21462	91	43	parentheses	parenthesis	NOUN
fbem-21462	91	44	*	*	PUNCT
fbem-21462	91	45	p	p	X
fbem-21462	91	46	<	<	X
fbem-21462	91	47	0.1	0.1	NUM
fbem-21462	91	48	,	,	PUNCT
fbem-21462	91	49	*	*	PUNCT
fbem-21462	91	50	*	*	PUNCT
fbem-21462	92	1	p	p	X
fbem-21462	92	2	<	<	X
fbem-21462	92	3	0.05	0.05	NUM
fbem-21462	92	4	,	,	PUNCT
fbem-21462	92	5	*	*	PUNCT
fbem-21462	92	6	*	*	PUNCT
fbem-21462	92	7	*	*	PUNCT
fbem-21462	93	1	p	p	X
fbem-21462	93	2	<	<	X
fbem-21462	93	3	0.01	0.01	NUM
fbem-21462	93	4	4.2	4.2	NUM
fbem-21462	93	5	.	.	PUNCT
fbem-21462	94	1	robustness	robustness	NOUN
fbem-21462	94	2	testing	test	VERB
fbem-21462	94	3	4.2.1	4.2.1	NOUN
fbem-21462	94	4	.	.	PUNCT
fbem-21462	95	1	replace	replace	VERB
fbem-21462	95	2	explanatory	explanatory	ADJ
fbem-21462	95	3	variables	variable	NOUN
fbem-21462	95	4	this	this	DET
fbem-21462	95	5	article	article	NOUN
fbem-21462	95	6	draws	draw	VERB
fbem-21462	95	7	on	on	ADP
fbem-21462	95	8	the	the	DET
fbem-21462	95	9	method	method	NOUN
fbem-21462	95	10	of	of	ADP
fbem-21462	95	11	yuan	yuan	PROPN
fbem-21462	95	12	chun	chun	PROPN
fbem-21462	95	13	et	et	PROPN
fbem-21462	95	14	al	al	PROPN
fbem-21462	95	15	.	.	PUNCT
fbem-21462	96	1	[	[	X
fbem-21462	96	2	9	9	NUM
fbem-21462	96	3	]	]	PUNCT
fbem-21462	96	4	to	to	PART
fbem-21462	96	5	replace	replace	VERB
fbem-21462	96	6	the	the	DET
fbem-21462	96	7	explanatory	explanatory	ADJ
fbem-21462	96	8	variable	variable	ADJ
fbem-21462	96	9	enterprise	enterprise	NOUN
fbem-21462	96	10	digital	digital	ADJ
fbem-21462	96	11	transformation	transformation	NOUN
fbem-21462	96	12	indicator	indicator	NOUN
fbem-21462	96	13	(	(	PUNCT
fbem-21462	96	14	dig	dig	NOUN
fbem-21462	96	15	)	)	PUNCT
fbem-21462	96	16	.	.	PUNCT
fbem-21462	97	1	firstly	firstly	ADV
fbem-21462	97	2	,	,	PUNCT
fbem-21462	97	3	by	by	ADP
fbem-21462	97	4	utilizing	utilize	VERB
fbem-21462	97	5	the	the	DET
fbem-21462	97	6	semantic	semantic	ADJ
fbem-21462	97	7	expressions	expression	NOUN
fbem-21462	97	8	of	of	ADP
fbem-21462	97	9	national	national	ADJ
fbem-21462	97	10	policies	policy	NOUN
fbem-21462	97	11	related	relate	VERB
fbem-21462	97	12	to	to	ADP
fbem-21462	97	13	the	the	DET
fbem-21462	97	14	digital	digital	ADJ
fbem-21462	97	15	economy	economy	NOUN
fbem-21462	97	16	,	,	PUNCT
fbem-21462	97	17	a	a	DET
fbem-21462	97	18	relatively	relatively	ADV
fbem-21462	97	19	complete	complete	ADJ
fbem-21462	97	20	digital	digital	ADJ
fbem-21462	97	21	dictionary	dictionary	NOUN
fbem-21462	97	22	is	be	AUX
fbem-21462	97	23	established	establish	VERB
fbem-21462	97	24	.	.	PUNCT
fbem-21462	98	1	then	then	ADV
fbem-21462	98	2	,	,	PUNCT
fbem-21462	98	3	using	use	VERB
fbem-21462	98	4	machine	machine	NOUN
fbem-21462	98	5	learning	learning	NOUN
fbem-21462	98	6	based	base	VERB
fbem-21462	98	7	text	text	NOUN
fbem-21462	98	8	analysis	analysis	NOUN
fbem-21462	98	9	method	method	NOUN
fbem-21462	98	10	,	,	PUNCT
fbem-21462	98	11	the	the	DET
fbem-21462	98	12	"	"	PUNCT
fbem-21462	98	13	management	management	NOUN
fbem-21462	98	14	discussion	discussion	NOUN
fbem-21462	98	15	and	and	CCONJ
fbem-21462	98	16	analysis	analysis	NOUN
fbem-21462	98	17	"	"	PUNCT
fbem-21462	98	18	(	(	PUNCT
fbem-21462	98	19	md&a	md&a	PROPN
fbem-21462	98	20	)	)	PUNCT
fbem-21462	98	21	section	section	NOUN
fbem-21462	98	22	of	of	ADP
fbem-21462	98	23	the	the	DET
fbem-21462	98	24	annual	annual	ADJ
fbem-21462	98	25	report	report	NOUN
fbem-21462	98	26	of	of	ADP
fbem-21462	98	27	listed	list	VERB
fbem-21462	98	28	companies	company	NOUN
fbem-21462	98	29	is	be	AUX
fbem-21462	98	30	analyzed	analyze	VERB
fbem-21462	98	31	.	.	PUNCT
fbem-21462	99	1	finally	finally	ADV
fbem-21462	99	2	,	,	PUNCT
fbem-21462	99	3	a	a	DET
fbem-21462	99	4	comprehensive	comprehensive	ADJ
fbem-21462	99	5	indicator	indicator	NOUN
fbem-21462	99	6	reflecting	reflect	VERB
fbem-21462	99	7	the	the	DET
fbem-21462	99	8	degree	degree	NOUN
fbem-21462	99	9	of	of	ADP
fbem-21462	99	10	digitalization	digitalization	NOUN
fbem-21462	99	11	of	of	ADP
fbem-21462	99	12	chinese	chinese	ADJ
fbem-21462	99	13	listed	list	VERB
fbem-21462	99	14	companies	company	NOUN
fbem-21462	99	15	is	be	AUX
fbem-21462	99	16	constructed	construct	VERB
fbem-21462	99	17	.	.	PUNCT
fbem-21462	100	1	the	the	DET
fbem-21462	100	2	new	new	ADJ
fbem-21462	100	3	measurement	measurement	NOUN
fbem-21462	100	4	indicators	indicator	NOUN
fbem-21462	100	5	of	of	ADP
fbem-21462	100	6	digital	digital	ADJ
fbem-21462	100	7	transformation	transformation	NOUN
fbem-21462	100	8	were	be	AUX
fbem-21462	100	9	brought	bring	VERB
fbem-21462	100	10	into	into	ADP
fbem-21462	100	11	the	the	DET
fbem-21462	100	12	original	original	ADJ
fbem-21462	100	13	equation	equation	NOUN
fbem-21462	100	14	for	for	ADP
fbem-21462	100	15	regression	regression	NOUN
fbem-21462	100	16	,	,	PUNCT
fbem-21462	100	17	and	and	CCONJ
fbem-21462	100	18	the	the	DET
fbem-21462	100	19	regression	regression	NOUN
fbem-21462	100	20	results	result	NOUN
fbem-21462	100	21	are	be	AUX
fbem-21462	100	22	shown	show	VERB
fbem-21462	100	23	in	in	ADP
fbem-21462	100	24	table	table	NOUN
fbem-21462	100	25	3	3	NUM
fbem-21462	100	26	.	.	PUNCT
fbem-21462	101	1	it	it	PRON
fbem-21462	101	2	can	can	AUX
fbem-21462	101	3	still	still	ADV
fbem-21462	101	4	be	be	AUX
fbem-21462	101	5	concluded	conclude	VERB
fbem-21462	101	6	that	that	SCONJ
fbem-21462	101	7	digital	digital	ADJ
fbem-21462	101	8	transformation	transformation	NOUN
fbem-21462	101	9	can	can	AUX
fbem-21462	101	10	promote	promote	VERB
fbem-21462	101	11	the	the	DET
fbem-21462	101	12	improvement	improvement	NOUN
fbem-21462	101	13	of	of	ADP
fbem-21462	101	14	new	new	ADJ
fbem-21462	101	15	quality	quality	NOUN
fbem-21462	101	16	productivity	productivity	NOUN
fbem-21462	101	17	.	.	PUNCT
fbem-21462	102	1	table	table	NOUN
fbem-21462	102	2	3	3	NUM
fbem-21462	102	3	.	.	PUNCT
fbem-21462	102	4	robustness	robustness	NOUN
fbem-21462	102	5	check	check	NOUN
fbem-21462	102	6	①	①	NUM
fbem-21462	102	7	npro	npro	ADV
fbem-21462	102	8	dig	dig	VERB
fbem-21462	102	9	0.229	0.229	NUM
fbem-21462	102	10	*	*	PUNCT
fbem-21462	102	11	*	*	PUNCT
fbem-21462	103	1	*	*	PUNCT
fbem-21462	103	2	(	(	PUNCT
fbem-21462	103	3	0.043	0.043	NUM
fbem-21462	103	4	)	)	PUNCT
fbem-21462	103	5	control	control	NOUN
fbem-21462	103	6	variables	variable	NOUN
fbem-21462	103	7	control	control	VERB
fbem-21462	103	8	_	_	NOUN
fbem-21462	103	9	cons	con	NOUN
fbem-21462	103	10	-1.252	-1.252	PUNCT
fbem-21462	103	11	(	(	PUNCT
fbem-21462	103	12	1.104	1.104	NUM
fbem-21462	103	13	)	)	PUNCT
fbem-21462	103	14	n	n	CCONJ
fbem-21462	103	15	26541	26541	NUM
fbem-21462	103	16	r2	r2	NOUN
fbem-21462	103	17	0.061	0.061	NUM
fbem-21462	103	18	year	year	NOUN
fbem-21462	103	19	control	control	NOUN
fbem-21462	103	20	industry	industry	NOUN
fbem-21462	103	21	control	control	PROPN
fbem-21462	103	22	standard	standard	ADJ
fbem-21462	103	23	errors	error	NOUN
fbem-21462	103	24	in	in	ADP
fbem-21462	103	25	parentheses	parenthesis	NOUN
fbem-21462	103	26	*	*	PUNCT
fbem-21462	103	27	p	p	X
fbem-21462	103	28	<	<	X
fbem-21462	103	29	0.1	0.1	NUM
fbem-21462	103	30	,	,	PUNCT
fbem-21462	103	31	*	*	PUNCT
fbem-21462	103	32	*	*	PUNCT
fbem-21462	104	1	p	p	X
fbem-21462	104	2	<	<	X
fbem-21462	104	3	0.05	0.05	NUM
fbem-21462	104	4	,	,	PUNCT
fbem-21462	104	5	*	*	PUNCT
fbem-21462	104	6	*	*	PUNCT
fbem-21462	104	7	*	*	PUNCT
fbem-21462	105	1	p	p	X
fbem-21462	105	2	<	<	X
fbem-21462	105	3	0.01	0.01	NUM
fbem-21462	105	4	4.2.2	4.2.2	NUM
fbem-21462	105	5	.	.	PUNCT
fbem-21462	106	1	psm	psm	PROPN
fbem-21462	106	2	inspection	inspection	NOUN
fbem-21462	106	3	to	to	PART
fbem-21462	106	4	avoid	avoid	VERB
fbem-21462	106	5	possible	possible	ADJ
fbem-21462	106	6	sample	sample	NOUN
fbem-21462	106	7	selection	selection	NOUN
fbem-21462	106	8	bias	bias	NOUN
fbem-21462	106	9	,	,	PUNCT
fbem-21462	106	10	this	this	DET
fbem-21462	106	11	study	study	NOUN
fbem-21462	106	12	uses	use	VERB
fbem-21462	106	13	propensity	propensity	NOUN
fbem-21462	106	14	score	score	NOUN
fbem-21462	106	15	matching	matching	NOUN
fbem-21462	106	16	(	(	PUNCT
fbem-21462	106	17	psm	psm	PROPN
fbem-21462	106	18	)	)	PUNCT
fbem-21462	106	19	for	for	ADP
fbem-21462	106	20	testing	testing	NOUN
fbem-21462	106	21	.	.	PUNCT
fbem-21462	107	1	this	this	DET
fbem-21462	107	2	article	article	NOUN
fbem-21462	107	3	groups	group	VERB
fbem-21462	107	4	the	the	DET
fbem-21462	107	5	enterprise	enterprise	NOUN
fbem-21462	107	6	digital	digital	ADJ
fbem-21462	107	7	transformation	transformation	NOUN
fbem-21462	107	8	index	index	NOUN
fbem-21462	107	9	(	(	PUNCT
fbem-21462	107	10	dig	dig	PROPN
fbem-21462	107	11	)	)	PUNCT
fbem-21462	107	12	according	accord	VERB
fbem-21462	107	13	to	to	ADP
fbem-21462	107	14	the	the	DET
fbem-21462	107	15	annual	annual	ADJ
fbem-21462	107	16	industry	industry	NOUN
fbem-21462	107	17	median	median	NOUN
fbem-21462	107	18	.	.	PUNCT
fbem-21462	108	1	if	if	SCONJ
fbem-21462	108	2	it	it	PRON
fbem-21462	108	3	is	be	AUX
fbem-21462	108	4	higher	high	ADJ
fbem-21462	108	5	than	than	ADP
fbem-21462	108	6	the	the	DET
fbem-21462	108	7	annual	annual	ADJ
fbem-21462	108	8	industry	industry	NOUN
fbem-21462	108	9	median	median	NOUN
fbem-21462	108	10	,	,	PUNCT
fbem-21462	108	11	the	the	DET
fbem-21462	108	12	experimental	experimental	ADJ
fbem-21462	108	13	group	group	NOUN
fbem-21462	108	14	will	will	AUX
fbem-21462	108	15	be	be	AUX
fbem-21462	108	16	considered	consider	VERB
fbem-21462	108	17	as	as	ADP
fbem-21462	108	18	the	the	DET
fbem-21462	108	19	enterprise	enterprise	NOUN
fbem-21462	108	20	with	with	ADP
fbem-21462	108	21	a	a	DET
fbem-21462	108	22	high	high	ADJ
fbem-21462	108	23	degree	degree	NOUN
fbem-21462	108	24	of	of	ADP
fbem-21462	108	25	digital	digital	ADJ
fbem-21462	108	26	transformation	transformation	NOUN
fbem-21462	108	27	,	,	PUNCT
fbem-21462	108	28	while	while	SCONJ
fbem-21462	108	29	the	the	DET
fbem-21462	108	30	control	control	NOUN
fbem-21462	108	31	group	group	NOUN
fbem-21462	108	32	will	will	AUX
fbem-21462	108	33	be	be	AUX
fbem-21462	108	34	considered	consider	VERB
fbem-21462	108	35	as	as	ADP
fbem-21462	108	36	the	the	DET
fbem-21462	108	37	enterprise	enterprise	NOUN
fbem-21462	108	38	with	with	ADP
fbem-21462	108	39	a	a	DET
fbem-21462	108	40	low	low	ADJ
fbem-21462	108	41	degree	degree	NOUN
fbem-21462	108	42	of	of	ADP
fbem-21462	108	43	digital	digital	ADJ
fbem-21462	108	44	transformation	transformation	NOUN
fbem-21462	108	45	.	.	PUNCT
fbem-21462	109	1	firstly	firstly	ADV
fbem-21462	109	2	,	,	PUNCT
fbem-21462	109	3	in	in	ADP
fbem-21462	109	4	this	this	DET
fbem-21462	109	5	article	article	NOUN
fbem-21462	109	6	,	,	PUNCT
fbem-21462	109	7	the	the	DET
fbem-21462	109	8	control	control	NOUN
fbem-21462	109	9	variable	variable	NOUN
fbem-21462	109	10	of	of	ADP
fbem-21462	109	11	model	model	NOUN
fbem-21462	109	12	①	①	PROPN
fbem-21462	109	13	is	be	AUX
fbem-21462	109	14	selected	select	VERB
fbem-21462	109	15	as	as	ADP
fbem-21462	109	16	the	the	DET
fbem-21462	109	17	covariate	covariate	NOUN
fbem-21462	109	18	,	,	PUNCT
fbem-21462	109	19	and	and	CCONJ
fbem-21462	109	20	the	the	DET
fbem-21462	109	21	logit	logit	NOUN
fbem-21462	109	22	model	model	NOUN
fbem-21462	109	23	is	be	AUX
fbem-21462	109	24	used	use	VERB
fbem-21462	109	25	to	to	PART
fbem-21462	109	26	estimate	estimate	VERB
fbem-21462	109	27	and	and	CCONJ
fbem-21462	109	28	calculate	calculate	VERB
fbem-21462	109	29	the	the	DET
fbem-21462	109	30	propensity	propensity	NOUN
fbem-21462	109	31	score	score	NOUN
fbem-21462	109	32	value	value	NOUN
fbem-21462	109	33	.	.	PUNCT
fbem-21462	110	1	secondly	secondly	ADV
fbem-21462	110	2	,	,	PUNCT
fbem-21462	110	3	according	accord	VERB
fbem-21462	110	4	to	to	ADP
fbem-21462	110	5	the	the	DET
fbem-21462	110	6	nearest	near	ADJ
fbem-21462	110	7	neighbor	neighbor	NOUN
fbem-21462	110	8	matching	matching	NOUN
fbem-21462	110	9	method	method	NOUN
fbem-21462	110	10	,	,	PUNCT
fbem-21462	110	11	select	select	VERB
fbem-21462	110	12	1	1	NUM
fbem-21462	110	13	pair	pair	NOUN
fbem-21462	110	14	of	of	ADP
fbem-21462	110	15	4	4	NUM
fbem-21462	110	16	with	with	ADP
fbem-21462	110	17	replacement	replacement	NOUN
fbem-21462	110	18	matching	matching	NOUN
fbem-21462	110	19	,	,	PUNCT
fbem-21462	110	20	and	and	CCONJ
fbem-21462	110	21	the	the	DET
fbem-21462	110	22	caliper	caliper	NOUN
fbem-21462	110	23	is	be	AUX
fbem-21462	110	24	0.05	0.05	NUM
fbem-21462	110	25	.	.	PUNCT
fbem-21462	111	1	finally	finally	ADV
fbem-21462	111	2	,	,	PUNCT
fbem-21462	111	3	using	use	VERB
fbem-21462	111	4	the	the	DET
fbem-21462	111	5	successfully	successfully	ADV
fbem-21462	111	6	matched	match	VERB
fbem-21462	111	7	samples	sample	NOUN
fbem-21462	111	8	for	for	ADP
fbem-21462	111	9	regression	regression	NOUN
fbem-21462	111	10	,	,	PUNCT
fbem-21462	111	11	table	table	NOUN
fbem-21462	111	12	4	4	NUM
fbem-21462	111	13	shows	show	VERB
fbem-21462	111	14	that	that	SCONJ
fbem-21462	111	15	digital	digital	ADJ
fbem-21462	111	16	transformation	transformation	NOUN
fbem-21462	111	17	and	and	CCONJ
fbem-21462	111	18	new	new	ADJ
fbem-21462	111	19	quality	quality	NOUN
fbem-21462	111	20	productivity	productivity	NOUN
fbem-21462	111	21	are	be	AUX
fbem-21462	111	22	significantly	significantly	ADV
fbem-21462	111	23	positive	positive	ADJ
fbem-21462	111	24	at	at	ADP
fbem-21462	111	25	a	a	DET
fbem-21462	111	26	significance	significance	NOUN
fbem-21462	111	27	level	level	NOUN
fbem-21462	111	28	of	of	ADP
fbem-21462	111	29	5	5	NUM
fbem-21462	111	30	%	%	NOUN
fbem-21462	111	31	,	,	PUNCT
fbem-21462	111	32	and	and	CCONJ
fbem-21462	111	33	the	the	DET
fbem-21462	111	34	results	result	NOUN
fbem-21462	111	35	are	be	AUX
fbem-21462	111	36	still	still	ADV
fbem-21462	111	37	robust	robust	ADJ
fbem-21462	111	38	.	.	PUNCT
fbem-21462	112	1	342	342	NUM
fbem-21462	112	2	table	table	NOUN
fbem-21462	112	3	4	4	NUM
fbem-21462	112	4	.	.	PUNCT
fbem-21462	112	5	robustness	robustness	NOUN
fbem-21462	112	6	check	check	NOUN
fbem-21462	112	7	②	②	NUM
fbem-21462	112	8	npro	npro	ADV
fbem-21462	112	9	dig	dig	VERB
fbem-21462	112	10	0.067	0.067	NUM
fbem-21462	112	11	*	*	NOUN
fbem-21462	112	12	*	*	PUNCT
fbem-21462	112	13	(	(	PUNCT
fbem-21462	112	14	0.033	0.033	NUM
fbem-21462	112	15	)	)	PUNCT
fbem-21462	112	16	control	control	NOUN
fbem-21462	112	17	variables	variable	NOUN
fbem-21462	112	18	control	control	VERB
fbem-21462	112	19	_	_	PRON
fbem-21462	112	20	cons	con	NOUN
fbem-21462	112	21	-1.020	-1.020	PRON
fbem-21462	112	22	(	(	PUNCT
fbem-21462	112	23	1.089	1.089	NUM
fbem-21462	112	24	)	)	PUNCT
fbem-21462	112	25	n	n	PRON
fbem-21462	112	26	27025	27025	NUM
fbem-21462	112	27	r2	r2	NOUN
fbem-21462	112	28	0.061	0.061	NUM
fbem-21462	112	29	year	year	NOUN
fbem-21462	112	30	control	control	NOUN
fbem-21462	112	31	industry	industry	NOUN
fbem-21462	112	32	control	control	PROPN
fbem-21462	112	33	standard	standard	ADJ
fbem-21462	112	34	errors	error	NOUN
fbem-21462	112	35	in	in	ADP
fbem-21462	112	36	parentheses	parenthesis	NOUN
fbem-21462	112	37	*	*	PUNCT
fbem-21462	112	38	p	p	X
fbem-21462	112	39	<	<	X
fbem-21462	112	40	0.1	0.1	NUM
fbem-21462	112	41	,	,	PUNCT
fbem-21462	112	42	*	*	PUNCT
fbem-21462	112	43	*	*	PUNCT
fbem-21462	113	1	p	p	X
fbem-21462	113	2	<	<	X
fbem-21462	113	3	0.05	0.05	NUM
fbem-21462	113	4	,	,	PUNCT
fbem-21462	113	5	*	*	PUNCT
fbem-21462	113	6	*	*	PUNCT
fbem-21462	113	7	*	*	PUNCT
fbem-21462	114	1	p	p	X
fbem-21462	114	2	<	<	X
fbem-21462	114	3	0.01	0.01	NUM
fbem-21462	114	4	5	5	NUM
fbem-21462	114	5	.	.	PUNCT
fbem-21462	114	6	mechanism	mechanism	NOUN
fbem-21462	114	7	identification	identification	NOUN
fbem-21462	114	8	verification	verification	NOUN
fbem-21462	114	9	5.1	5.1	NUM
fbem-21462	114	10	.	.	PUNCT
fbem-21462	115	1	the	the	DET
fbem-21462	115	2	mediating	mediate	VERB
fbem-21462	115	3	effect	effect	NOUN
fbem-21462	115	4	of	of	ADP
fbem-21462	115	5	innovation	innovation	NOUN
fbem-21462	115	6	efficiency	efficiency	NOUN
fbem-21462	115	7	the	the	DET
fbem-21462	115	8	regression	regression	NOUN
fbem-21462	115	9	results	result	NOUN
fbem-21462	115	10	of	of	ADP
fbem-21462	115	11	the	the	DET
fbem-21462	115	12	mediating	mediate	VERB
fbem-21462	115	13	effect	effect	NOUN
fbem-21462	115	14	of	of	ADP
fbem-21462	115	15	enterprise	enterprise	NOUN
fbem-21462	115	16	innovation	innovation	NOUN
fbem-21462	115	17	efficiency	efficiency	NOUN
fbem-21462	115	18	are	be	AUX
fbem-21462	115	19	shown	show	VERB
fbem-21462	115	20	in	in	ADP
fbem-21462	115	21	table	table	NOUN
fbem-21462	115	22	5	5	NUM
fbem-21462	115	23	.	.	PUNCT
fbem-21462	116	1	the	the	DET
fbem-21462	116	2	first	first	ADJ
fbem-21462	116	3	column	column	NOUN
fbem-21462	116	4	showed	show	VERB
fbem-21462	116	5	a	a	DET
fbem-21462	116	6	high	high	ADJ
fbem-21462	116	7	positive	positive	ADJ
fbem-21462	116	8	correlation	correlation	NOUN
fbem-21462	116	9	between	between	ADP
fbem-21462	116	10	digital	digital	ADJ
fbem-21462	116	11	transformation	transformation	NOUN
fbem-21462	116	12	and	and	CCONJ
fbem-21462	116	13	innovation	innovation	NOUN
fbem-21462	116	14	efficiency	efficiency	NOUN
fbem-21462	116	15	at	at	ADP
fbem-21462	116	16	a	a	DET
fbem-21462	116	17	significance	significance	NOUN
fbem-21462	116	18	level	level	NOUN
fbem-21462	116	19	of	of	ADP
fbem-21462	116	20	1	1	NUM
fbem-21462	116	21	%	%	NOUN
fbem-21462	116	22	,	,	PUNCT
fbem-21462	116	23	while	while	SCONJ
fbem-21462	116	24	the	the	DET
fbem-21462	116	25	second	second	ADJ
fbem-21462	116	26	column	column	NOUN
fbem-21462	116	27	showed	show	VERB
fbem-21462	116	28	a	a	DET
fbem-21462	116	29	positive	positive	ADJ
fbem-21462	116	30	effect	effect	NOUN
fbem-21462	116	31	of	of	ADP
fbem-21462	116	32	enterprise	enterprise	NOUN
fbem-21462	116	33	innovation	innovation	NOUN
fbem-21462	116	34	efficiency	efficiency	NOUN
fbem-21462	116	35	on	on	ADP
fbem-21462	116	36	new	new	ADJ
fbem-21462	116	37	quality	quality	NOUN
fbem-21462	116	38	productivity	productivity	NOUN
fbem-21462	116	39	at	at	ADP
fbem-21462	116	40	a	a	DET
fbem-21462	116	41	confidence	confidence	NOUN
fbem-21462	116	42	level	level	NOUN
fbem-21462	116	43	of	of	ADP
fbem-21462	116	44	10	10	NUM
fbem-21462	116	45	%	%	NOUN
fbem-21462	116	46	.	.	PUNCT
fbem-21462	117	1	therefore	therefore	ADV
fbem-21462	117	2	,	,	PUNCT
fbem-21462	117	3	it	it	PRON
fbem-21462	117	4	can	can	AUX
fbem-21462	117	5	be	be	AUX
fbem-21462	117	6	concluded	conclude	VERB
fbem-21462	117	7	that	that	SCONJ
fbem-21462	117	8	enterprise	enterprise	NOUN
fbem-21462	117	9	digital	digital	ADJ
fbem-21462	117	10	transformation	transformation	NOUN
fbem-21462	117	11	can	can	AUX
fbem-21462	117	12	promote	promote	VERB
fbem-21462	117	13	the	the	DET
fbem-21462	117	14	improvement	improvement	NOUN
fbem-21462	117	15	of	of	ADP
fbem-21462	117	16	new	new	ADJ
fbem-21462	117	17	quality	quality	NOUN
fbem-21462	117	18	productivity	productivity	NOUN
fbem-21462	117	19	by	by	ADP
fbem-21462	117	20	improving	improve	VERB
fbem-21462	117	21	enterprise	enterprise	NOUN
fbem-21462	117	22	innovation	innovation	NOUN
fbem-21462	117	23	efficiency	efficiency	NOUN
fbem-21462	117	24	,	,	PUNCT
fbem-21462	117	25	and	and	CCONJ
fbem-21462	117	26	innovation	innovation	NOUN
fbem-21462	117	27	efficiency	efficiency	NOUN
fbem-21462	117	28	becomes	become	VERB
fbem-21462	117	29	an	an	DET
fbem-21462	117	30	important	important	ADJ
fbem-21462	117	31	intermediary	intermediary	ADJ
fbem-21462	117	32	mechanism	mechanism	NOUN
fbem-21462	117	33	for	for	ADP
fbem-21462	117	34	digital	digital	ADJ
fbem-21462	117	35	transformation	transformation	NOUN
fbem-21462	117	36	to	to	PART
fbem-21462	117	37	enhance	enhance	VERB
fbem-21462	117	38	new	new	ADJ
fbem-21462	117	39	quality	quality	NOUN
fbem-21462	117	40	productivity	productivity	NOUN
fbem-21462	117	41	.	.	PUNCT
fbem-21462	118	1	hypothesis	hypothesis	NOUN
fbem-21462	118	2	2	2	NUM
fbem-21462	118	3	is	be	AUX
fbem-21462	118	4	supported	support	VERB
fbem-21462	118	5	.	.	PUNCT
fbem-21462	119	1	table	table	NOUN
fbem-21462	119	2	5	5	NUM
fbem-21462	119	3	.	.	PUNCT
fbem-21462	119	4	mechanism	mechanism	NOUN
fbem-21462	119	5	testing	testing	NOUN
fbem-21462	119	6	:	:	PUNCT
fbem-21462	119	7	innovation	innovation	NOUN
fbem-21462	119	8	efficiency	efficiency	NOUN
fbem-21462	119	9	(	(	PUNCT
fbem-21462	119	10	1	1	NUM
fbem-21462	119	11	)	)	PUNCT
fbem-21462	119	12	(	(	PUNCT
fbem-21462	119	13	2	2	X
fbem-21462	119	14	)	)	PUNCT
fbem-21462	119	15	innoeff	innoeff	NOUN
fbem-21462	119	16	npro	npro	ADV
fbem-21462	119	17	dig	dig	VERB
fbem-21462	119	18	0.007	0.007	NUM
fbem-21462	119	19	*	*	PUNCT
fbem-21462	119	20	*	*	PUNCT
fbem-21462	119	21	*	*	NOUN
fbem-21462	119	22	0.059	0.059	NUM
fbem-21462	119	23	(	(	PUNCT
fbem-21462	119	24	0.000	0.000	NUM
fbem-21462	119	25	)	)	PUNCT
fbem-21462	119	26	(	(	PUNCT
fbem-21462	119	27	0.036	0.036	NUM
fbem-21462	119	28	)	)	PUNCT
fbem-21462	119	29	control	control	NOUN
fbem-21462	119	30	variables	variable	NOUN
fbem-21462	119	31	control	control	PROPN
fbem-21462	119	32	control	control	PROPN
fbem-21462	119	33	innoeff	innoeff	NOUN
fbem-21462	119	34	0.940	0.940	NUM
fbem-21462	119	35	*	*	PUNCT
fbem-21462	119	36	(	(	PUNCT
fbem-21462	119	37	0.500	0.500	NUM
fbem-21462	119	38	)	)	PUNCT
fbem-21462	120	1	_	_	NOUN
fbem-21462	120	2	cons	con	NOUN
fbem-21462	120	3	-0.521	-0.521	NOUN
fbem-21462	120	4	*	*	PUNCT
fbem-21462	120	5	*	*	PUNCT
fbem-21462	120	6	*	*	PUNCT
fbem-21462	120	7	-0.486	-0.486	PUNCT
fbem-21462	120	8	(	(	PUNCT
fbem-21462	120	9	0.015	0.015	NUM
fbem-21462	120	10	)	)	PUNCT
fbem-21462	120	11	(	(	PUNCT
fbem-21462	120	12	1.207	1.207	NUM
fbem-21462	120	13	)	)	PUNCT
fbem-21462	120	14	n	n	CCONJ
fbem-21462	120	15	24579	24579	NUM
fbem-21462	120	16	24579	24579	NUM
fbem-21462	120	17	r2	r2	PROPN
fbem-21462	120	18	0.336	0.336	NUM
fbem-21462	120	19	0.054	0.054	NUM
fbem-21462	120	20	year	year	NOUN
fbem-21462	120	21	control	control	NOUN
fbem-21462	120	22	control	control	PROPN
fbem-21462	120	23	industry	industry	NOUN
fbem-21462	120	24	control	control	PROPN
fbem-21462	120	25	control	control	PROPN
fbem-21462	120	26	standard	standard	ADJ
fbem-21462	120	27	errors	error	NOUN
fbem-21462	120	28	in	in	ADP
fbem-21462	120	29	parentheses	parenthesis	NOUN
fbem-21462	120	30	*	*	PUNCT
fbem-21462	120	31	p	p	X
fbem-21462	120	32	<	<	X
fbem-21462	120	33	0.1	0.1	NUM
fbem-21462	120	34	,	,	PUNCT
fbem-21462	120	35	*	*	PUNCT
fbem-21462	120	36	*	*	PUNCT
fbem-21462	120	37	p	p	X
fbem-21462	120	38	<	<	X
fbem-21462	120	39	0.05	0.05	NUM
fbem-21462	120	40	,	,	PUNCT
fbem-21462	120	41	*	*	PUNCT
fbem-21462	120	42	*	*	PUNCT
fbem-21462	120	43	*	*	PUNCT
fbem-21462	120	44	p	p	X
fbem-21462	120	45	<	<	X
fbem-21462	120	46	0.01	0.01	NUM
fbem-21462	120	47	5.2	5.2	NUM
fbem-21462	120	48	.	.	PUNCT
fbem-21462	121	1	the	the	DET
fbem-21462	121	2	mediating	mediate	VERB
fbem-21462	121	3	effect	effect	NOUN
fbem-21462	121	4	of	of	ADP
fbem-21462	121	5	information	information	NOUN
fbem-21462	121	6	asymmetry	asymmetry	NOUN
fbem-21462	121	7	table	table	NOUN
fbem-21462	121	8	6	6	NUM
fbem-21462	121	9	shows	show	VERB
fbem-21462	121	10	the	the	DET
fbem-21462	121	11	regression	regression	NOUN
fbem-21462	121	12	results	result	NOUN
fbem-21462	121	13	of	of	ADP
fbem-21462	121	14	the	the	DET
fbem-21462	121	15	mediating	mediate	VERB
fbem-21462	121	16	effect	effect	NOUN
fbem-21462	121	17	of	of	ADP
fbem-21462	121	18	information	information	NOUN
fbem-21462	121	19	asymmetry	asymmetry	NOUN
fbem-21462	121	20	.	.	PUNCT
fbem-21462	122	1	the	the	DET
fbem-21462	122	2	regression	regression	NOUN
fbem-21462	122	3	results	result	VERB
fbem-21462	122	4	in	in	ADP
fbem-21462	122	5	column	column	NOUN
fbem-21462	122	6	(	(	PUNCT
fbem-21462	122	7	1	1	X
fbem-21462	122	8	)	)	PUNCT
fbem-21462	122	9	showed	show	VERB
fbem-21462	122	10	a	a	DET
fbem-21462	122	11	negative	negative	ADJ
fbem-21462	122	12	correlation	correlation	NOUN
fbem-21462	122	13	between	between	ADP
fbem-21462	122	14	digital	digital	ADJ
fbem-21462	122	15	transformation	transformation	NOUN
fbem-21462	122	16	and	and	CCONJ
fbem-21462	122	17	information	information	NOUN
fbem-21462	122	18	asymmetry	asymmetry	NOUN
fbem-21462	122	19	at	at	ADP
fbem-21462	122	20	a	a	DET
fbem-21462	122	21	1	1	NUM
fbem-21462	122	22	%	%	NOUN
fbem-21462	122	23	significance	significance	NOUN
fbem-21462	122	24	level	level	NOUN
fbem-21462	122	25	,	,	PUNCT
fbem-21462	122	26	indicating	indicate	VERB
fbem-21462	122	27	that	that	SCONJ
fbem-21462	122	28	as	as	SCONJ
fbem-21462	122	29	enterprises	enterprise	NOUN
fbem-21462	122	30	undergo	undergo	VERB
fbem-21462	122	31	digital	digital	ADJ
fbem-21462	122	32	transformation	transformation	NOUN
fbem-21462	122	33	,	,	PUNCT
fbem-21462	122	34	the	the	DET
fbem-21462	122	35	degree	degree	NOUN
fbem-21462	122	36	of	of	ADP
fbem-21462	122	37	information	information	NOUN
fbem-21462	122	38	asymmetry	asymmetry	NOUN
fbem-21462	122	39	can	can	AUX
fbem-21462	122	40	be	be	AUX
fbem-21462	122	41	significantly	significantly	ADV
fbem-21462	122	42	reduced	reduce	VERB
fbem-21462	122	43	.	.	PUNCT
fbem-21462	123	1	the	the	DET
fbem-21462	123	2	regression	regression	NOUN
fbem-21462	123	3	results	result	VERB
fbem-21462	123	4	in	in	ADP
fbem-21462	123	5	column	column	NOUN
fbem-21462	123	6	(	(	PUNCT
fbem-21462	123	7	2	2	X
fbem-21462	123	8	)	)	PUNCT
fbem-21462	123	9	showed	show	VERB
fbem-21462	123	10	that	that	SCONJ
fbem-21462	123	11	the	the	DET
fbem-21462	123	12	degree	degree	NOUN
fbem-21462	123	13	of	of	ADP
fbem-21462	123	14	information	information	NOUN
fbem-21462	123	15	asymmetry	asymmetry	NOUN
fbem-21462	123	16	in	in	ADP
fbem-21462	123	17	enterprises	enterprise	NOUN
fbem-21462	123	18	is	be	AUX
fbem-21462	123	19	also	also	ADV
fbem-21462	123	20	negatively	negatively	ADV
fbem-21462	123	21	correlated	correlate	VERB
fbem-21462	123	22	with	with	ADP
fbem-21462	123	23	new	new	ADJ
fbem-21462	123	24	quality	quality	NOUN
fbem-21462	123	25	productivity	productivity	NOUN
fbem-21462	123	26	at	at	ADP
fbem-21462	123	27	a	a	DET
fbem-21462	123	28	1	1	NUM
fbem-21462	123	29	%	%	NOUN
fbem-21462	123	30	significance	significance	NOUN
fbem-21462	123	31	level	level	NOUN
fbem-21462	123	32	,	,	PUNCT
fbem-21462	123	33	indicating	indicate	VERB
fbem-21462	123	34	that	that	SCONJ
fbem-21462	123	35	reducing	reduce	VERB
fbem-21462	123	36	the	the	DET
fbem-21462	123	37	degree	degree	NOUN
fbem-21462	123	38	of	of	ADP
fbem-21462	123	39	information	information	NOUN
fbem-21462	123	40	asymmetry	asymmetry	NOUN
fbem-21462	123	41	can	can	AUX
fbem-21462	123	42	improve	improve	VERB
fbem-21462	123	43	new	new	ADJ
fbem-21462	123	44	quality	quality	NOUN
fbem-21462	123	45	productivity	productivity	NOUN
fbem-21462	123	46	.	.	PUNCT
fbem-21462	124	1	in	in	ADP
fbem-21462	124	2	summary	summary	NOUN
fbem-21462	124	3	,	,	PUNCT
fbem-21462	124	4	the	the	DET
fbem-21462	124	5	digital	digital	ADJ
fbem-21462	124	6	transformation	transformation	NOUN
fbem-21462	124	7	of	of	ADP
fbem-21462	124	8	enterprises	enterprise	NOUN
fbem-21462	124	9	can	can	AUX
fbem-21462	124	10	promote	promote	VERB
fbem-21462	124	11	the	the	DET
fbem-21462	124	12	improvement	improvement	NOUN
fbem-21462	124	13	of	of	ADP
fbem-21462	124	14	new	new	ADJ
fbem-21462	124	15	quality	quality	NOUN
fbem-21462	124	16	productivity	productivity	NOUN
fbem-21462	124	17	by	by	ADP
fbem-21462	124	18	reducing	reduce	VERB
fbem-21462	124	19	information	information	NOUN
fbem-21462	124	20	asymmetry	asymmetry	NOUN
fbem-21462	124	21	,	,	PUNCT
fbem-21462	124	22	which	which	PRON
fbem-21462	124	23	is	be	AUX
fbem-21462	124	24	supported	support	VERB
fbem-21462	124	25	by	by	ADP
fbem-21462	124	26	hypothesis	hypothesis	NOUN
fbem-21462	124	27	3	3	NUM
fbem-21462	124	28	.	.	PUNCT
fbem-21462	124	29	table	table	NOUN
fbem-21462	124	30	6	6	NUM
fbem-21462	124	31	.	.	PUNCT
fbem-21462	124	32	mechanism	mechanism	NOUN
fbem-21462	124	33	testing	testing	NOUN
fbem-21462	124	34	:	:	PUNCT
fbem-21462	124	35	information	information	NOUN
fbem-21462	124	36	asymmetry	asymmetry	NOUN
fbem-21462	124	37	(	(	PUNCT
fbem-21462	124	38	1	1	NUM
fbem-21462	124	39	)	)	PUNCT
fbem-21462	124	40	(	(	PUNCT
fbem-21462	124	41	2	2	X
fbem-21462	124	42	)	)	PUNCT
fbem-21462	124	43	asy	asy	NOUN
fbem-21462	124	44	npro	npro	ADJ
fbem-21462	124	45	dig	dig	VERB
fbem-21462	124	46	-0.012	-0.012	PUNCT
fbem-21462	124	47	*	*	PUNCT
fbem-21462	124	48	*	*	PUNCT
fbem-21462	124	49	*	*	PUNCT
fbem-21462	124	50	0.062	0.062	NUM
fbem-21462	124	51	*	*	PUNCT
fbem-21462	124	52	(	(	PUNCT
fbem-21462	124	53	0.002	0.002	NUM
fbem-21462	124	54	)	)	PUNCT
fbem-21462	124	55	(	(	PUNCT
fbem-21462	124	56	0.033	0.033	NUM
fbem-21462	124	57	)	)	PUNCT
fbem-21462	124	58	control	control	NOUN
fbem-21462	124	59	variables	variable	NOUN
fbem-21462	124	60	control	control	PROPN
fbem-21462	124	61	control	control	PROPN
fbem-21462	124	62	asy	asy	PROPN
fbem-21462	124	63	-0.451	-0.451	PUNCT
fbem-21462	124	64	*	*	PUNCT
fbem-21462	124	65	*	*	PUNCT
fbem-21462	124	66	*	*	PUNCT
fbem-21462	124	67	(	(	PUNCT
fbem-21462	124	68	0.103	0.103	NUM
fbem-21462	124	69	)	)	PUNCT
fbem-21462	125	1	_	_	NOUN
fbem-21462	125	2	cons	con	VERB
fbem-21462	125	3	5.584	5.584	NUM
fbem-21462	125	4	*	*	NOUN
fbem-21462	125	5	*	*	PUNCT
fbem-21462	125	6	*	*	PUNCT
fbem-21462	125	7	1.503	1.503	NUM
fbem-21462	125	8	(	(	PUNCT
fbem-21462	125	9	0.065	0.065	NUM
fbem-21462	125	10	)	)	PUNCT
fbem-21462	125	11	(	(	PUNCT
fbem-21462	125	12	1.235	1.235	NUM
fbem-21462	125	13	)	)	PUNCT
fbem-21462	125	14	n	n	CCONJ
fbem-21462	125	15	26960	26960	NUM
fbem-21462	125	16	26960	26960	NUM
fbem-21462	125	17	r2	r2	PROPN
fbem-21462	125	18	0.557	0.557	NUM
fbem-21462	125	19	0.062	0.062	NUM
fbem-21462	125	20	year	year	NOUN
fbem-21462	125	21	control	control	NOUN
fbem-21462	125	22	control	control	PROPN
fbem-21462	125	23	industry	industry	NOUN
fbem-21462	125	24	control	control	PROPN
fbem-21462	125	25	control	control	PROPN
fbem-21462	125	26	standard	standard	ADJ
fbem-21462	125	27	errors	error	NOUN
fbem-21462	125	28	in	in	ADP
fbem-21462	125	29	parentheses	parenthesis	NOUN
fbem-21462	125	30	*	*	PUNCT
fbem-21462	125	31	p	p	X
fbem-21462	125	32	<	<	X
fbem-21462	125	33	0.1	0.1	NUM
fbem-21462	125	34	,	,	PUNCT
fbem-21462	125	35	*	*	PUNCT
fbem-21462	125	36	*	*	PUNCT
fbem-21462	126	1	p	p	X
fbem-21462	126	2	<	<	X
fbem-21462	126	3	0.05	0.05	NUM
fbem-21462	126	4	,	,	PUNCT
fbem-21462	126	5	*	*	PUNCT
fbem-21462	126	6	*	*	PUNCT
fbem-21462	126	7	*	*	PUNCT
fbem-21462	127	1	p	p	X
fbem-21462	127	2	<	<	X
fbem-21462	127	3	0.01	0.01	NUM
fbem-21462	127	4	343	343	NUM
fbem-21462	127	5	6	6	NUM
fbem-21462	127	6	.	.	PUNCT
fbem-21462	128	1	heterogeneity	heterogeneity	NOUN
fbem-21462	128	2	testing	test	VERB
fbem-21462	128	3	6.1	6.1	NUM
fbem-21462	128	4	.	.	PUNCT
fbem-21462	129	1	internal	internal	ADJ
fbem-21462	129	2	control	control	PROPN
fbem-21462	129	3	heterogeneity	heterogeneity	PROPN
fbem-21462	129	4	testing	test	VERB
fbem-21462	129	5	this	this	DET
fbem-21462	129	6	article	article	NOUN
fbem-21462	129	7	divides	divide	VERB
fbem-21462	129	8	the	the	DET
fbem-21462	129	9	sample	sample	NOUN
fbem-21462	129	10	into	into	ADP
fbem-21462	129	11	two	two	NUM
fbem-21462	129	12	groups	group	NOUN
fbem-21462	129	13	based	base	VERB
fbem-21462	129	14	on	on	ADP
fbem-21462	129	15	the	the	DET
fbem-21462	129	16	annual	annual	ADJ
fbem-21462	129	17	industry	industry	NOUN
fbem-21462	129	18	median	median	NOUN
fbem-21462	129	19	of	of	ADP
fbem-21462	129	20	the	the	DET
fbem-21462	129	21	dibo	dibo	PROPN
fbem-21462	129	22	internal	internal	PROPN
fbem-21462	129	23	control	control	PROPN
fbem-21462	129	24	index	index	PROPN
fbem-21462	129	25	:	:	PUNCT
fbem-21462	129	26	those	those	PRON
fbem-21462	129	27	with	with	ADP
fbem-21462	129	28	good	good	ADJ
fbem-21462	129	29	internal	internal	ADJ
fbem-21462	129	30	control	control	NOUN
fbem-21462	129	31	and	and	CCONJ
fbem-21462	129	32	those	those	PRON
fbem-21462	129	33	with	with	ADP
fbem-21462	129	34	poor	poor	ADJ
fbem-21462	129	35	internal	internal	ADJ
fbem-21462	129	36	control	control	NOUN
fbem-21462	129	37	.	.	PUNCT
fbem-21462	130	1	table	table	NOUN
fbem-21462	130	2	7	7	NUM
fbem-21462	130	3	shows	show	VERB
fbem-21462	130	4	the	the	DET
fbem-21462	130	5	regression	regression	NOUN
fbem-21462	130	6	results	result	NOUN
fbem-21462	130	7	.	.	PUNCT
fbem-21462	131	1	in	in	ADP
fbem-21462	131	2	the	the	DET
fbem-21462	131	3	group	group	NOUN
fbem-21462	131	4	with	with	ADP
fbem-21462	131	5	poor	poor	ADJ
fbem-21462	131	6	internal	internal	ADJ
fbem-21462	131	7	control	control	NOUN
fbem-21462	131	8	,	,	PUNCT
fbem-21462	131	9	the	the	DET
fbem-21462	131	10	regression	regression	NOUN
fbem-21462	131	11	result	result	NOUN
fbem-21462	131	12	of	of	ADP
fbem-21462	131	13	digital	digital	ADJ
fbem-21462	131	14	transformation	transformation	NOUN
fbem-21462	131	15	is	be	AUX
fbem-21462	131	16	significantly	significantly	ADV
fbem-21462	131	17	positive	positive	ADJ
fbem-21462	131	18	,	,	PUNCT
fbem-21462	131	19	with	with	ADP
fbem-21462	131	20	a	a	DET
fbem-21462	131	21	significance	significance	NOUN
fbem-21462	131	22	level	level	NOUN
fbem-21462	131	23	of	of	ADP
fbem-21462	131	24	1	1	NUM
fbem-21462	131	25	%	%	NOUN
fbem-21462	131	26	.	.	PUNCT
fbem-21462	132	1	however	however	ADV
fbem-21462	132	2	,	,	PUNCT
fbem-21462	132	3	in	in	ADP
fbem-21462	132	4	the	the	DET
fbem-21462	132	5	group	group	NOUN
fbem-21462	132	6	with	with	ADP
fbem-21462	132	7	good	good	ADJ
fbem-21462	132	8	internal	internal	ADJ
fbem-21462	132	9	control	control	NOUN
fbem-21462	132	10	,	,	PUNCT
fbem-21462	132	11	the	the	DET
fbem-21462	132	12	regression	regression	NOUN
fbem-21462	132	13	coefficient	coefficient	NOUN
fbem-21462	132	14	of	of	ADP
fbem-21462	132	15	digital	digital	ADJ
fbem-21462	132	16	transformation	transformation	NOUN
fbem-21462	132	17	on	on	ADP
fbem-21462	132	18	new	new	ADJ
fbem-21462	132	19	quality	quality	NOUN
fbem-21462	132	20	productivity	productivity	NOUN
fbem-21462	132	21	is	be	AUX
fbem-21462	132	22	not	not	PART
fbem-21462	132	23	significant	significant	ADJ
fbem-21462	132	24	.	.	PUNCT
fbem-21462	133	1	this	this	PRON
fbem-21462	133	2	indicates	indicate	VERB
fbem-21462	133	3	that	that	SCONJ
fbem-21462	133	4	digital	digital	ADJ
fbem-21462	133	5	transformation	transformation	NOUN
fbem-21462	133	6	can	can	AUX
fbem-21462	133	7	compensate	compensate	VERB
fbem-21462	133	8	for	for	ADP
fbem-21462	133	9	internal	internal	ADJ
fbem-21462	133	10	control	control	NOUN
fbem-21462	133	11	deficiencies	deficiency	NOUN
fbem-21462	133	12	.	.	PUNCT
fbem-21462	134	1	compared	compare	VERB
fbem-21462	134	2	to	to	ADP
fbem-21462	134	3	enterprises	enterprise	NOUN
fbem-21462	134	4	with	with	ADP
fbem-21462	134	5	good	good	ADJ
fbem-21462	134	6	internal	internal	ADJ
fbem-21462	134	7	control	control	NOUN
fbem-21462	134	8	,	,	PUNCT
fbem-21462	134	9	enterprises	enterprise	NOUN
fbem-21462	134	10	with	with	ADP
fbem-21462	134	11	poor	poor	ADJ
fbem-21462	134	12	internal	internal	ADJ
fbem-21462	134	13	control	control	NOUN
fbem-21462	134	14	have	have	VERB
fbem-21462	134	15	a	a	DET
fbem-21462	134	16	more	more	ADV
fbem-21462	134	17	significant	significant	ADJ
fbem-21462	134	18	effect	effect	NOUN
fbem-21462	134	19	of	of	ADP
fbem-21462	134	20	digital	digital	ADJ
fbem-21462	134	21	transformation	transformation	NOUN
fbem-21462	134	22	on	on	ADP
fbem-21462	134	23	improving	improve	VERB
fbem-21462	134	24	new	new	ADJ
fbem-21462	134	25	quality	quality	NOUN
fbem-21462	134	26	productivity	productivity	NOUN
fbem-21462	134	27	.	.	PUNCT
fbem-21462	135	1	table	table	NOUN
fbem-21462	135	2	7	7	NUM
fbem-21462	135	3	.	.	PUNCT
fbem-21462	135	4	heterogeneity	heterogeneity	NOUN
fbem-21462	135	5	testing	testing	NOUN
fbem-21462	135	6	based	base	VERB
fbem-21462	135	7	on	on	ADP
fbem-21462	135	8	internal	internal	ADJ
fbem-21462	135	9	control	control	NOUN
fbem-21462	135	10	(	(	PUNCT
fbem-21462	135	11	1	1	NUM
fbem-21462	135	12	)	)	PUNCT
fbem-21462	135	13	(	(	PUNCT
fbem-21462	135	14	2	2	X
fbem-21462	135	15	)	)	PUNCT
fbem-21462	135	16	npro	npro	ADJ
fbem-21462	135	17	npro	npro	ADJ
fbem-21462	135	18	good	good	ADJ
fbem-21462	135	19	internal	internal	ADJ
fbem-21462	135	20	control	control	PROPN
fbem-21462	135	21	poor	poor	ADJ
fbem-21462	135	22	internal	internal	ADJ
fbem-21462	135	23	control	control	NOUN
fbem-21462	135	24	dig	dig	VERB
fbem-21462	135	25	0.050	0.050	NUM
fbem-21462	135	26	0.091	0.091	NUM
fbem-21462	135	27	*	*	PUNCT
fbem-21462	135	28	*	*	PUNCT
fbem-21462	135	29	*	*	PUNCT
fbem-21462	135	30	(	(	PUNCT
fbem-21462	135	31	0.060	0.060	NUM
fbem-21462	135	32	)	)	PUNCT
fbem-21462	135	33	(	(	PUNCT
fbem-21462	135	34	0.020	0.020	NUM
fbem-21462	135	35	)	)	PUNCT
fbem-21462	135	36	control	control	NOUN
fbem-21462	135	37	variables	variable	NOUN
fbem-21462	135	38	control	control	NOUN
fbem-21462	135	39	control	control	PROPN
fbem-21462	135	40	_	_	PUNCT
fbem-21462	135	41	cons	con	NOUN
fbem-21462	135	42	-1.083	-1.083	PRON
fbem-21462	135	43	-0.883	-0.883	PUNCT
fbem-21462	135	44	(	(	PUNCT
fbem-21462	135	45	1.905	1.905	NUM
fbem-21462	135	46	)	)	PUNCT
fbem-21462	135	47	(	(	PUNCT
fbem-21462	135	48	0.701	0.701	NUM
fbem-21462	135	49	)	)	PUNCT
fbem-21462	135	50	n	n	CCONJ
fbem-21462	135	51	14440	14440	NUM
fbem-21462	135	52	12610	12610	NUM
fbem-21462	135	53	r2	r2	PROPN
fbem-21462	135	54	0.044	0.044	NUM
fbem-21462	135	55	0.240	0.240	NUM
fbem-21462	135	56	year	year	NOUN
fbem-21462	135	57	control	control	NOUN
fbem-21462	135	58	control	control	PROPN
fbem-21462	135	59	industry	industry	NOUN
fbem-21462	135	60	control	control	PROPN
fbem-21462	135	61	control	control	PROPN
fbem-21462	135	62	standard	standard	ADJ
fbem-21462	135	63	errors	error	NOUN
fbem-21462	135	64	in	in	ADP
fbem-21462	135	65	parentheses	parenthesis	NOUN
fbem-21462	135	66	*	*	PUNCT
fbem-21462	135	67	p	p	X
fbem-21462	135	68	<	<	X
fbem-21462	135	69	0.1	0.1	NUM
fbem-21462	135	70	,	,	PUNCT
fbem-21462	135	71	*	*	PUNCT
fbem-21462	135	72	*	*	PUNCT
fbem-21462	136	1	p	p	X
fbem-21462	136	2	<	<	X
fbem-21462	136	3	0.05	0.05	NUM
fbem-21462	136	4	,	,	PUNCT
fbem-21462	136	5	*	*	PUNCT
fbem-21462	136	6	*	*	PUNCT
fbem-21462	136	7	*	*	PUNCT
fbem-21462	137	1	p	p	X
fbem-21462	137	2	<	<	X
fbem-21462	137	3	0.01	0.01	NUM
fbem-21462	137	4	6.2	6.2	NUM
fbem-21462	137	5	.	.	PUNCT
fbem-21462	138	1	heterogeneity	heterogeneity	NOUN
fbem-21462	138	2	testing	testing	NOUN
fbem-21462	138	3	of	of	ADP
fbem-21462	138	4	financing	financing	NOUN
fbem-21462	138	5	constraints	constraint	NOUN
fbem-21462	138	6	the	the	DET
fbem-21462	138	7	financing	financing	NOUN
fbem-21462	138	8	ability	ability	NOUN
fbem-21462	138	9	of	of	ADP
fbem-21462	138	10	a	a	DET
fbem-21462	138	11	company	company	NOUN
fbem-21462	138	12	is	be	AUX
fbem-21462	138	13	significantly	significantly	ADV
fbem-21462	138	14	influenced	influence	VERB
fbem-21462	138	15	by	by	ADP
fbem-21462	138	16	its	its	PRON
fbem-21462	138	17	financial	financial	ADJ
fbem-21462	138	18	condition	condition	NOUN
fbem-21462	138	19	and	and	CCONJ
fbem-21462	138	20	credit	credit	NOUN
fbem-21462	138	21	history	history	NOUN
fbem-21462	138	22	,	,	PUNCT
fbem-21462	138	23	which	which	PRON
fbem-21462	138	24	profoundly	profoundly	ADV
fbem-21462	138	25	affects	affect	VERB
fbem-21462	138	26	the	the	DET
fbem-21462	138	27	pace	pace	NOUN
fbem-21462	138	28	and	and	CCONJ
fbem-21462	138	29	process	process	NOUN
fbem-21462	138	30	of	of	ADP
fbem-21462	138	31	its	its	PRON
fbem-21462	138	32	digital	digital	ADJ
fbem-21462	138	33	transformation	transformation	NOUN
fbem-21462	138	34	.	.	PUNCT
fbem-21462	139	1	this	this	DET
fbem-21462	139	2	article	article	NOUN
fbem-21462	139	3	selects	select	VERB
fbem-21462	139	4	the	the	DET
fbem-21462	139	5	relatively	relatively	ADV
fbem-21462	139	6	robust	robust	ADJ
fbem-21462	139	7	sa	sa	NOUN
fbem-21462	139	8	index	index	NOUN
fbem-21462	139	9	as	as	ADP
fbem-21462	139	10	the	the	DET
fbem-21462	139	11	method	method	NOUN
fbem-21462	139	12	of	of	ADP
fbem-21462	139	13	measuring	measure	VERB
fbem-21462	139	14	financing	financing	NOUN
fbem-21462	139	15	constraints	constraint	NOUN
fbem-21462	139	16	and	and	CCONJ
fbem-21462	139	17	groups	group	NOUN
fbem-21462	139	18	them	they	PRON
fbem-21462	139	19	according	accord	VERB
fbem-21462	139	20	to	to	ADP
fbem-21462	139	21	the	the	DET
fbem-21462	139	22	annual	annual	ADJ
fbem-21462	139	23	industry	industry	NOUN
fbem-21462	139	24	median	median	NOUN
fbem-21462	139	25	.	.	PUNCT
fbem-21462	140	1	the	the	DET
fbem-21462	140	2	regression	regression	NOUN
fbem-21462	140	3	results	result	NOUN
fbem-21462	140	4	are	be	AUX
fbem-21462	140	5	shown	show	VERB
fbem-21462	140	6	in	in	ADP
fbem-21462	140	7	columns	column	NOUN
fbem-21462	140	8	(	(	PUNCT
fbem-21462	140	9	1	1	NUM
fbem-21462	140	10	)	)	PUNCT
fbem-21462	140	11	and	and	CCONJ
fbem-21462	140	12	(	(	PUNCT
fbem-21462	140	13	2	2	X
fbem-21462	140	14	)	)	PUNCT
fbem-21462	140	15	of	of	ADP
fbem-21462	140	16	table	table	NOUN
fbem-21462	140	17	8	8	NUM
fbem-21462	140	18	.	.	PUNCT
fbem-21462	141	1	in	in	ADP
fbem-21462	141	2	the	the	DET
fbem-21462	141	3	sub	sub	NOUN
fbem-21462	141	4	samples	sample	NOUN
fbem-21462	141	5	with	with	ADP
fbem-21462	141	6	strict	strict	ADJ
fbem-21462	141	7	financing	financing	NOUN
fbem-21462	141	8	constraints	constraint	NOUN
fbem-21462	141	9	,	,	PUNCT
fbem-21462	141	10	digital	digital	ADJ
fbem-21462	141	11	transformation	transformation	NOUN
fbem-21462	141	12	has	have	VERB
fbem-21462	141	13	no	no	DET
fbem-21462	141	14	significant	significant	ADJ
fbem-21462	141	15	effect	effect	NOUN
fbem-21462	141	16	on	on	ADP
fbem-21462	141	17	improving	improve	VERB
fbem-21462	141	18	new	new	ADJ
fbem-21462	141	19	quality	quality	NOUN
fbem-21462	141	20	productivity	productivity	NOUN
fbem-21462	141	21	,	,	PUNCT
fbem-21462	141	22	while	while	SCONJ
fbem-21462	141	23	in	in	ADP
fbem-21462	141	24	the	the	DET
fbem-21462	141	25	sub	sub	NOUN
fbem-21462	141	26	samples	sample	NOUN
fbem-21462	141	27	with	with	ADP
fbem-21462	141	28	more	more	ADV
fbem-21462	141	29	relaxed	relaxed	ADJ
fbem-21462	141	30	financing	financing	NOUN
fbem-21462	141	31	constraints	constraint	NOUN
fbem-21462	141	32	,	,	PUNCT
fbem-21462	141	33	digital	digital	ADJ
fbem-21462	141	34	transformation	transformation	NOUN
fbem-21462	141	35	is	be	AUX
fbem-21462	141	36	highly	highly	ADV
fbem-21462	141	37	positively	positively	ADV
fbem-21462	141	38	correlated	correlate	VERB
fbem-21462	141	39	with	with	ADP
fbem-21462	141	40	new	new	ADJ
fbem-21462	141	41	quality	quality	NOUN
fbem-21462	141	42	productivity	productivity	NOUN
fbem-21462	141	43	at	at	ADP
fbem-21462	141	44	the	the	DET
fbem-21462	141	45	1	1	NUM
fbem-21462	141	46	%	%	NOUN
fbem-21462	141	47	significance	significance	NOUN
fbem-21462	141	48	level	level	NOUN
fbem-21462	141	49	.	.	PUNCT
fbem-21462	142	1	table	table	NOUN
fbem-21462	142	2	8	8	NUM
fbem-21462	142	3	.	.	PUNCT
fbem-21462	143	1	heterogeneity	heterogeneity	NOUN
fbem-21462	143	2	testing	testing	NOUN
fbem-21462	143	3	based	base	VERB
fbem-21462	143	4	on	on	ADP
fbem-21462	143	5	financing	financing	NOUN
fbem-21462	143	6	constraints	constraint	NOUN
fbem-21462	143	7	and	and	CCONJ
fbem-21462	143	8	property	property	NOUN
fbem-21462	143	9	rights	right	NOUN
fbem-21462	143	10	attributes	attribute	NOUN
fbem-21462	143	11	(	(	PUNCT
fbem-21462	143	12	1	1	NUM
fbem-21462	143	13	)	)	PUNCT
fbem-21462	143	14	(	(	PUNCT
fbem-21462	143	15	2	2	NUM
fbem-21462	143	16	)	)	PUNCT
fbem-21462	143	17	(	(	PUNCT
fbem-21462	143	18	3	3	X
fbem-21462	143	19	)	)	PUNCT
fbem-21462	143	20	(	(	PUNCT
fbem-21462	143	21	4	4	X
fbem-21462	143	22	)	)	PUNCT
fbem-21462	143	23	npro	npro	ADJ
fbem-21462	143	24	npro	npro	ADJ
fbem-21462	143	25	npro	npro	ADJ
fbem-21462	143	26	npro	npro	ADJ
fbem-21462	143	27	strong	strong	ADJ
fbem-21462	143	28	financing	financing	NOUN
fbem-21462	143	29	constraints	constraint	VERB
fbem-21462	143	30	weak	weak	ADJ
fbem-21462	143	31	financing	financing	NOUN
fbem-21462	143	32	constraints	constraint	NOUN
fbem-21462	143	33	state	state	NOUN
fbem-21462	143	34	-	-	PUNCT
fbem-21462	143	35	owned	own	VERB
fbem-21462	143	36	enterprises	enterprise	NOUN
fbem-21462	143	37	non	non	ADJ
fbem-21462	143	38	state	state	NOUN
fbem-21462	143	39	-	-	PUNCT
fbem-21462	143	40	owned	own	VERB
fbem-21462	143	41	enterprises	enterprise	NOUN
fbem-21462	143	42	dig	dig	VERB
fbem-21462	143	43	0.021	0.021	NUM
fbem-21462	143	44	0.126	0.126	NUM
fbem-21462	143	45	*	*	PUNCT
fbem-21462	143	46	*	*	PUNCT
fbem-21462	143	47	*	*	PUNCT
fbem-21462	143	48	0.137	0.137	NUM
fbem-21462	143	49	*	*	PUNCT
fbem-21462	143	50	*	*	PUNCT
fbem-21462	143	51	*	*	X
fbem-21462	143	52	0.060	0.060	NUM
fbem-21462	143	53	(	(	PUNCT
fbem-21462	143	54	0.062	0.062	NUM
fbem-21462	143	55	)	)	PUNCT
fbem-21462	143	56	(	(	PUNCT
fbem-21462	143	57	0.020	0.020	NUM
fbem-21462	143	58	)	)	PUNCT
fbem-21462	143	59	(	(	PUNCT
fbem-21462	143	60	0.028	0.028	NUM
fbem-21462	143	61	)	)	PUNCT
fbem-21462	143	62	(	(	PUNCT
fbem-21462	143	63	0.046	0.046	NUM
fbem-21462	143	64	)	)	PUNCT
fbem-21462	143	65	control	control	NOUN
fbem-21462	143	66	variables	variable	NOUN
fbem-21462	143	67	control	control	PROPN
fbem-21462	143	68	control	control	PROPN
fbem-21462	143	69	control	control	PROPN
fbem-21462	143	70	control	control	PROPN
fbem-21462	143	71	_	_	PUNCT
fbem-21462	143	72	cons	con	NOUN
fbem-21462	143	73	-2.224	-2.224	PUNCT
fbem-21462	143	74	-0.493	-0.493	PROPN
fbem-21462	143	75	1.618	1.618	NUM
fbem-21462	143	76	*	*	PUNCT
fbem-21462	143	77	*	*	PUNCT
fbem-21462	143	78	2.269	2.269	NUM
fbem-21462	143	79	(	(	PUNCT
fbem-21462	143	80	1.979	1.979	NUM
fbem-21462	143	81	)	)	PUNCT
fbem-21462	143	82	(	(	PUNCT
fbem-21462	143	83	0.784	0.784	NUM
fbem-21462	143	84	)	)	PUNCT
fbem-21462	143	85	(	(	PUNCT
fbem-21462	143	86	0.796	0.796	NUM
fbem-21462	143	87	)	)	PUNCT
fbem-21462	143	88	(	(	PUNCT
fbem-21462	143	89	1.804	1.804	NUM
fbem-21462	143	90	)	)	PUNCT
fbem-21462	143	91	n	n	CCONJ
fbem-21462	143	92	13785	13785	NUM
fbem-21462	143	93	13265	13265	NUM
fbem-21462	143	94	8496	8496	NUM
fbem-21462	143	95	17887	17887	NUM
fbem-21462	143	96	r2	r2	PROPN
fbem-21462	143	97	0.046	0.046	NUM
fbem-21462	143	98	0.244	0.244	NUM
fbem-21462	143	99	0.316	0.316	NUM
fbem-21462	143	100	0.045	0.045	NUM
fbem-21462	143	101	year	year	NOUN
fbem-21462	143	102	control	control	NOUN
fbem-21462	143	103	control	control	PROPN
fbem-21462	143	104	control	control	PROPN
fbem-21462	143	105	control	control	PROPN
fbem-21462	143	106	industry	industry	NOUN
fbem-21462	143	107	control	control	PROPN
fbem-21462	143	108	control	control	PROPN
fbem-21462	143	109	control	control	PROPN
fbem-21462	143	110	control	control	PROPN
fbem-21462	143	111	standard	standard	ADJ
fbem-21462	143	112	errors	error	NOUN
fbem-21462	143	113	in	in	ADP
fbem-21462	143	114	parentheses	parenthesis	NOUN
fbem-21462	143	115	*	*	PUNCT
fbem-21462	143	116	p	p	X
fbem-21462	143	117	<	<	X
fbem-21462	143	118	0.1	0.1	NUM
fbem-21462	143	119	,	,	PUNCT
fbem-21462	143	120	*	*	PUNCT
fbem-21462	143	121	*	*	PUNCT
fbem-21462	144	1	p	p	X
fbem-21462	144	2	<	<	X
fbem-21462	144	3	0.05	0.05	NUM
fbem-21462	144	4	,	,	PUNCT
fbem-21462	144	5	*	*	PUNCT
fbem-21462	144	6	*	*	PUNCT
fbem-21462	144	7	*	*	PUNCT
fbem-21462	145	1	p	p	X
fbem-21462	145	2	<	<	X
fbem-21462	145	3	0.01	0.01	NUM
fbem-21462	145	4	6.3	6.3	NUM
fbem-21462	145	5	.	.	PUNCT
fbem-21462	146	1	heterogeneity	heterogeneity	NOUN
fbem-21462	146	2	testing	testing	NOUN
fbem-21462	146	3	of	of	ADP
fbem-21462	146	4	property	property	NOUN
fbem-21462	146	5	rights	right	NOUN
fbem-21462	146	6	attributes	attribute	NOUN
fbem-21462	146	7	compared	compare	VERB
fbem-21462	146	8	to	to	ADP
fbem-21462	146	9	non	non	ADJ
fbem-21462	146	10	-	-	ADJ
fbem-21462	146	11	state	state	NOUN
fbem-21462	146	12	-	-	PUNCT
fbem-21462	146	13	owned	own	VERB
fbem-21462	146	14	enterprises	enterprise	NOUN
fbem-21462	146	15	,	,	PUNCT
fbem-21462	146	16	state	state	NOUN
fbem-21462	146	17	-	-	PUNCT
fbem-21462	146	18	owned	own	VERB
fbem-21462	146	19	enterprises	enterprise	NOUN
fbem-21462	146	20	have	have	VERB
fbem-21462	146	21	stronger	strong	ADJ
fbem-21462	146	22	funds	fund	NOUN
fbem-21462	146	23	and	and	CCONJ
fbem-21462	146	24	technology	technology	NOUN
fbem-21462	146	25	,	,	PUNCT
fbem-21462	146	26	and	and	CCONJ
fbem-21462	146	27	have	have	VERB
fbem-21462	146	28	a	a	DET
fbem-21462	146	29	better	well	ADJ
fbem-21462	146	30	foundation	foundation	NOUN
fbem-21462	146	31	to	to	PART
fbem-21462	146	32	achieve	achieve	VERB
fbem-21462	146	33	digital	digital	ADJ
fbem-21462	146	34	transformation.this	transformation.this	DET
fbem-21462	146	35	article	article	NOUN
fbem-21462	146	36	speculates	speculate	VERB
fbem-21462	146	37	that	that	SCONJ
fbem-21462	146	38	compared	compare	VERB
fbem-21462	146	39	to	to	ADP
fbem-21462	146	40	non	non	ADJ
fbem-21462	146	41	-	-	ADJ
fbem-21462	146	42	state	state	NOUN
fbem-21462	146	43	-	-	PUNCT
fbem-21462	146	44	owned	own	VERB
fbem-21462	146	45	enterprises	enterprise	NOUN
fbem-21462	146	46	,	,	PUNCT
fbem-21462	146	47	state	state	NOUN
fbem-21462	146	48	-	-	PUNCT
fbem-21462	146	49	owned	own	VERB
fbem-21462	146	50	enterprises	enterprise	NOUN
fbem-21462	146	51	have	have	VERB
fbem-21462	146	52	a	a	DET
fbem-21462	146	53	more	more	ADV
fbem-21462	146	54	significant	significant	ADJ
fbem-21462	146	55	effect	effect	NOUN
fbem-21462	146	56	in	in	ADP
fbem-21462	146	57	enhancing	enhance	VERB
fbem-21462	146	58	new	new	ADJ
fbem-21462	146	59	quality	quality	NOUN
fbem-21462	146	60	productivity	productivity	NOUN
fbem-21462	146	61	through	through	ADP
fbem-21462	146	62	digital	digital	ADJ
fbem-21462	146	63	transformation	transformation	NOUN
fbem-21462	146	64	.	.	PUNCT
fbem-21462	147	1	the	the	DET
fbem-21462	147	2	regression	regression	NOUN
fbem-21462	147	3	results	result	VERB
fbem-21462	147	4	in	in	ADP
fbem-21462	147	5	columns	column	NOUN
fbem-21462	147	6	(	(	PUNCT
fbem-21462	147	7	3	3	NUM
fbem-21462	147	8	)	)	PUNCT
fbem-21462	147	9	and	and	CCONJ
fbem-21462	147	10	(	(	PUNCT
fbem-21462	147	11	4	4	X
fbem-21462	147	12	)	)	PUNCT
fbem-21462	147	13	of	of	ADP
fbem-21462	147	14	table	table	NOUN
fbem-21462	147	15	8	8	NUM
fbem-21462	147	16	.	.	PUNCT
fbem-21462	148	1	heterogeneity	heterogeneity	NOUN
fbem-21462	148	2	testing	testing	NOUN
fbem-21462	148	3	based	base	VERB
fbem-21462	148	4	on	on	ADP
fbem-21462	148	5	financing	financing	NOUN
fbem-21462	148	6	constraints	constraint	NOUN
fbem-21462	148	7	and	and	CCONJ
fbem-21462	148	8	property	property	NOUN
fbem-21462	148	9	rights	right	NOUN
fbem-21462	148	10	attributestable	attributestable	ADJ
fbem-21462	148	11	8	8	NUM
fbem-21462	148	12	show	show	VERB
fbem-21462	148	13	a	a	DET
fbem-21462	148	14	positive	positive	ADJ
fbem-21462	148	15	correlation	correlation	NOUN
fbem-21462	148	16	between	between	ADP
fbem-21462	148	17	digital	digital	ADJ
fbem-21462	148	18	transformation	transformation	NOUN
fbem-21462	148	19	and	and	CCONJ
fbem-21462	148	20	new	new	ADJ
fbem-21462	148	21	quality	quality	NOUN
fbem-21462	148	22	productivity	productivity	NOUN
fbem-21462	148	23	at	at	ADP
fbem-21462	148	24	a	a	DET
fbem-21462	148	25	1	1	NUM
fbem-21462	148	26	%	%	NOUN
fbem-21462	148	27	significance	significance	NOUN
fbem-21462	148	28	level	level	NOUN
fbem-21462	148	29	in	in	ADP
fbem-21462	148	30	state	state	NOUN
fbem-21462	148	31	-	-	PUNCT
fbem-21462	148	32	owned	own	VERB
fbem-21462	148	33	enterprises	enterprise	NOUN
fbem-21462	148	34	,	,	PUNCT
fbem-21462	148	35	while	while	SCONJ
fbem-21462	148	36	in	in	ADP
fbem-21462	148	37	non	non	ADJ
fbem-21462	148	38	-	-	ADJ
fbem-21462	148	39	state	state	NOUN
fbem-21462	148	40	-	-	PUNCT
fbem-21462	148	41	owned	own	VERB
fbem-21462	148	42	enterprises	enterprise	NOUN
fbem-21462	148	43	,	,	PUNCT
fbem-21462	148	44	the	the	DET
fbem-21462	148	45	relationship	relationship	NOUN
fbem-21462	148	46	between	between	ADP
fbem-21462	148	47	the	the	DET
fbem-21462	148	48	two	two	NUM
fbem-21462	148	49	is	be	AUX
fbem-21462	148	50	not	not	PART
fbem-21462	148	51	significant	significant	ADJ
fbem-21462	148	52	,	,	PUNCT
fbem-21462	148	53	which	which	PRON
fbem-21462	148	54	is	be	AUX
fbem-21462	148	55	consistent	consistent	ADJ
fbem-21462	148	56	with	with	ADP
fbem-21462	148	57	the	the	DET
fbem-21462	148	58	speculated	speculate	VERB
fbem-21462	148	59	results	result	NOUN
fbem-21462	148	60	.	.	PUNCT
fbem-21462	149	1	344	344	NUM
fbem-21462	149	2	7	7	NUM
fbem-21462	149	3	.	.	PUNCT
fbem-21462	149	4	conclusion	conclusion	NOUN
fbem-21462	149	5	and	and	CCONJ
fbem-21462	149	6	policy	policy	NOUN
fbem-21462	149	7	recommendations	recommendation	NOUN
fbem-21462	149	8	this	this	DET
fbem-21462	149	9	article	article	NOUN
fbem-21462	149	10	is	be	AUX
fbem-21462	149	11	based	base	VERB
fbem-21462	149	12	on	on	ADP
fbem-21462	149	13	a	a	DET
fbem-21462	149	14	large	large	ADJ
fbem-21462	149	15	sample	sample	NOUN
fbem-21462	149	16	data	datum	NOUN
fbem-21462	149	17	and	and	CCONJ
fbem-21462	149	18	explores	explore	VERB
fbem-21462	149	19	the	the	DET
fbem-21462	149	20	impact	impact	NOUN
fbem-21462	149	21	of	of	ADP
fbem-21462	149	22	enterprise	enterprise	NOUN
fbem-21462	149	23	digital	digital	ADJ
fbem-21462	149	24	transformation	transformation	NOUN
fbem-21462	149	25	on	on	ADP
fbem-21462	149	26	new	new	ADJ
fbem-21462	149	27	quality	quality	NOUN
fbem-21462	149	28	productivity	productivity	NOUN
fbem-21462	149	29	from	from	ADP
fbem-21462	149	30	both	both	CCONJ
fbem-21462	149	31	theoretical	theoretical	ADJ
fbem-21462	149	32	and	and	CCONJ
fbem-21462	149	33	empirical	empirical	ADJ
fbem-21462	149	34	perspectives	perspective	NOUN
fbem-21462	149	35	.	.	PUNCT
fbem-21462	150	1	the	the	DET
fbem-21462	150	2	study	study	NOUN
fbem-21462	150	3	found	find	VERB
fbem-21462	150	4	that	that	SCONJ
fbem-21462	150	5	enterprise	enterprise	NOUN
fbem-21462	150	6	digital	digital	ADJ
fbem-21462	150	7	transformation	transformation	NOUN
fbem-21462	150	8	can	can	AUX
fbem-21462	150	9	promote	promote	VERB
fbem-21462	150	10	the	the	DET
fbem-21462	150	11	improvement	improvement	NOUN
fbem-21462	150	12	of	of	ADP
fbem-21462	150	13	new	new	ADJ
fbem-21462	150	14	quality	quality	NOUN
fbem-21462	150	15	productivity	productivity	NOUN
fbem-21462	150	16	.	.	PUNCT
fbem-21462	151	1	in	in	ADP
fbem-21462	151	2	further	further	ADJ
fbem-21462	151	3	mechanism	mechanism	NOUN
fbem-21462	151	4	analysis	analysis	NOUN
fbem-21462	151	5	,	,	PUNCT
fbem-21462	151	6	it	it	PRON
fbem-21462	151	7	was	be	AUX
fbem-21462	151	8	found	find	VERB
fbem-21462	151	9	that	that	SCONJ
fbem-21462	151	10	digital	digital	ADJ
fbem-21462	151	11	transformation	transformation	NOUN
fbem-21462	151	12	promotes	promote	VERB
fbem-21462	151	13	the	the	DET
fbem-21462	151	14	enhancement	enhancement	NOUN
fbem-21462	151	15	of	of	ADP
fbem-21462	151	16	new	new	ADJ
fbem-21462	151	17	quality	quality	NOUN
fbem-21462	151	18	productivity	productivity	NOUN
fbem-21462	151	19	by	by	ADP
fbem-21462	151	20	improving	improve	VERB
fbem-21462	151	21	enterprise	enterprise	NOUN
fbem-21462	151	22	innovation	innovation	NOUN
fbem-21462	151	23	efficiency	efficiency	NOUN
fbem-21462	151	24	and	and	CCONJ
fbem-21462	151	25	reducing	reduce	VERB
fbem-21462	151	26	information	information	NOUN
fbem-21462	151	27	asymmetry	asymmetry	NOUN
fbem-21462	151	28	.	.	PUNCT
fbem-21462	152	1	in	in	ADP
fbem-21462	152	2	addition	addition	NOUN
fbem-21462	152	3	,	,	PUNCT
fbem-21462	152	4	in	in	ADP
fbem-21462	152	5	heterogeneity	heterogeneity	NOUN
fbem-21462	152	6	testing	testing	NOUN
fbem-21462	152	7	,	,	PUNCT
fbem-21462	152	8	it	it	PRON
fbem-21462	152	9	was	be	AUX
fbem-21462	152	10	found	find	VERB
fbem-21462	152	11	that	that	SCONJ
fbem-21462	152	12	the	the	DET
fbem-21462	152	13	improvement	improvement	NOUN
fbem-21462	152	14	effect	effect	NOUN
fbem-21462	152	15	of	of	ADP
fbem-21462	152	16	digital	digital	ADJ
fbem-21462	152	17	transformation	transformation	NOUN
fbem-21462	152	18	on	on	ADP
fbem-21462	152	19	new	new	ADJ
fbem-21462	152	20	quality	quality	NOUN
fbem-21462	152	21	productivity	productivity	NOUN
fbem-21462	152	22	was	be	AUX
fbem-21462	152	23	more	more	ADV
fbem-21462	152	24	significant	significant	ADJ
fbem-21462	152	25	in	in	ADP
fbem-21462	152	26	enterprises	enterprise	NOUN
fbem-21462	152	27	with	with	ADP
fbem-21462	152	28	poor	poor	ADJ
fbem-21462	152	29	internal	internal	ADJ
fbem-21462	152	30	control	control	NOUN
fbem-21462	152	31	,	,	PUNCT
fbem-21462	152	32	weak	weak	ADJ
fbem-21462	152	33	financing	financing	NOUN
fbem-21462	152	34	constraints	constraint	NOUN
fbem-21462	152	35	,	,	PUNCT
fbem-21462	152	36	and	and	CCONJ
fbem-21462	152	37	state	state	NOUN
fbem-21462	152	38	-	-	PUNCT
fbem-21462	152	39	owned	own	VERB
fbem-21462	152	40	property	property	NOUN
fbem-21462	152	41	attributes	attribute	NOUN
fbem-21462	152	42	.	.	PUNCT
fbem-21462	153	1	based	base	VERB
fbem-21462	153	2	on	on	ADP
fbem-21462	153	3	the	the	DET
fbem-21462	153	4	research	research	NOUN
fbem-21462	153	5	findings	finding	NOUN
fbem-21462	153	6	,	,	PUNCT
fbem-21462	153	7	the	the	DET
fbem-21462	153	8	following	follow	VERB
fbem-21462	153	9	recommendations	recommendation	NOUN
fbem-21462	153	10	are	be	AUX
fbem-21462	153	11	given	give	VERB
fbem-21462	153	12	:	:	PUNCT
fbem-21462	153	13	firstly	firstly	ADV
fbem-21462	153	14	,	,	PUNCT
fbem-21462	153	15	for	for	ADP
fbem-21462	153	16	the	the	DET
fbem-21462	153	17	government	government	NOUN
fbem-21462	153	18	,	,	PUNCT
fbem-21462	153	19	it	it	PRON
fbem-21462	153	20	should	should	AUX
fbem-21462	153	21	increase	increase	VERB
fbem-21462	153	22	its	its	PRON
fbem-21462	153	23	support	support	NOUN
fbem-21462	153	24	for	for	ADP
fbem-21462	153	25	enterprises	enterprise	NOUN
fbem-21462	153	26	and	and	CCONJ
fbem-21462	153	27	reduce	reduce	VERB
fbem-21462	153	28	their	their	PRON
fbem-21462	153	29	transformation	transformation	NOUN
fbem-21462	153	30	costs	cost	NOUN
fbem-21462	153	31	through	through	ADP
fbem-21462	153	32	policy	policy	NOUN
fbem-21462	153	33	measures	measure	NOUN
fbem-21462	153	34	such	such	ADJ
fbem-21462	153	35	as	as	ADP
fbem-21462	153	36	providing	provide	VERB
fbem-21462	153	37	tax	tax	NOUN
fbem-21462	153	38	incentives	incentive	NOUN
fbem-21462	153	39	and	and	CCONJ
fbem-21462	153	40	financial	financial	ADJ
fbem-21462	153	41	subsidies	subsidy	NOUN
fbem-21462	153	42	.	.	PUNCT
fbem-21462	154	1	at	at	ADP
fbem-21462	154	2	the	the	DET
fbem-21462	154	3	same	same	ADJ
fbem-21462	154	4	time	time	NOUN
fbem-21462	154	5	,	,	PUNCT
fbem-21462	154	6	the	the	DET
fbem-21462	154	7	government	government	NOUN
fbem-21462	154	8	should	should	AUX
fbem-21462	154	9	also	also	ADV
fbem-21462	154	10	encourage	encourage	VERB
fbem-21462	154	11	universities	university	NOUN
fbem-21462	154	12	,	,	PUNCT
fbem-21462	154	13	research	research	NOUN
fbem-21462	154	14	institutions	institution	NOUN
fbem-21462	154	15	,	,	PUNCT
fbem-21462	154	16	and	and	CCONJ
fbem-21462	154	17	enterprises	enterprise	NOUN
fbem-21462	154	18	to	to	PART
fbem-21462	154	19	cooperate	cooperate	VERB
fbem-21462	154	20	and	and	CCONJ
fbem-21462	154	21	jointly	jointly	ADV
fbem-21462	154	22	cultivate	cultivate	VERB
fbem-21462	154	23	digital	digital	ADJ
fbem-21462	154	24	talents	talent	NOUN
fbem-21462	154	25	to	to	PART
fbem-21462	154	26	alleviate	alleviate	VERB
fbem-21462	154	27	the	the	DET
fbem-21462	154	28	problem	problem	NOUN
fbem-21462	154	29	of	of	ADP
fbem-21462	154	30	talent	talent	NOUN
fbem-21462	154	31	shortage	shortage	NOUN
fbem-21462	154	32	.	.	PUNCT
fbem-21462	155	1	secondly	secondly	ADV
fbem-21462	155	2	,	,	PUNCT
fbem-21462	155	3	for	for	ADP
fbem-21462	155	4	enterprises	enterprise	NOUN
fbem-21462	155	5	,	,	PUNCT
fbem-21462	155	6	they	they	PRON
fbem-21462	155	7	should	should	AUX
fbem-21462	155	8	deeply	deeply	ADV
fbem-21462	155	9	recognize	recognize	VERB
fbem-21462	155	10	the	the	DET
fbem-21462	155	11	importance	importance	NOUN
fbem-21462	155	12	of	of	ADP
fbem-21462	155	13	digital	digital	ADJ
fbem-21462	155	14	transformation	transformation	NOUN
fbem-21462	155	15	,	,	PUNCT
fbem-21462	155	16	formulate	formulate	VERB
fbem-21462	155	17	clear	clear	ADJ
fbem-21462	155	18	strategic	strategic	ADJ
fbem-21462	155	19	plans	plan	NOUN
fbem-21462	155	20	,	,	PUNCT
fbem-21462	155	21	and	and	CCONJ
fbem-21462	155	22	increase	increase	VERB
fbem-21462	155	23	investment	investment	NOUN
fbem-21462	155	24	to	to	PART
fbem-21462	155	25	build	build	VERB
fbem-21462	155	26	a	a	DET
fbem-21462	155	27	sound	sound	ADJ
fbem-21462	155	28	data	data	NOUN
fbem-21462	155	29	security	security	NOUN
fbem-21462	155	30	protection	protection	NOUN
fbem-21462	155	31	system	system	NOUN
fbem-21462	155	32	.	.	PUNCT
fbem-21462	156	1	in	in	ADP
fbem-21462	156	2	addition	addition	NOUN
fbem-21462	156	3	,	,	PUNCT
fbem-21462	156	4	strengthen	strengthen	VERB
fbem-21462	156	5	communication	communication	NOUN
fbem-21462	156	6	and	and	CCONJ
fbem-21462	156	7	cooperation	cooperation	NOUN
fbem-21462	156	8	with	with	ADP
fbem-21462	156	9	supply	supply	NOUN
fbem-21462	156	10	chain	chain	NOUN
fbem-21462	156	11	partners	partner	NOUN
fbem-21462	156	12	,	,	PUNCT
fbem-21462	156	13	jointly	jointly	ADV
fbem-21462	156	14	explore	explore	VERB
fbem-21462	156	15	new	new	ADJ
fbem-21462	156	16	opportunities	opportunity	NOUN
fbem-21462	156	17	for	for	ADP
fbem-21462	156	18	digital	digital	ADJ
fbem-21462	156	19	transformation	transformation	NOUN
fbem-21462	156	20	,	,	PUNCT
fbem-21462	156	21	and	and	CCONJ
fbem-21462	156	22	jointly	jointly	ADV
fbem-21462	156	23	enhance	enhance	VERB
fbem-21462	156	24	the	the	DET
fbem-21462	156	25	competitiveness	competitiveness	NOUN
fbem-21462	156	26	of	of	ADP
fbem-21462	156	27	enterprises	enterprise	NOUN
fbem-21462	156	28	.	.	PUNCT
fbem-21462	157	1	references	reference	NOUN
fbem-21462	157	2	[	[	X
fbem-21462	157	3	1	1	NUM
fbem-21462	157	4	]	]	X
fbem-21462	157	5	zhou	zhou	PROPN
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fbem-21462	157	7	,	,	PUNCT
fbem-21462	157	8	xu	xu	PROPN
fbem-21462	157	9	lingyun	lingyun	PROPN
fbem-21462	157	10	.	.	PUNCT
fbem-21462	158	1	on	on	ADP
fbem-21462	158	2	the	the	DET
fbem-21462	158	3	new	new	ADJ
fbem-21462	158	4	quality	quality	NOUN
fbem-21462	158	5	productivity	productivity	NOUN
fbem-21462	158	6	:	:	PUNCT
fbem-21462	158	7	connotation	connotation	NOUN
fbem-21462	158	8	characteristics	characteristic	NOUN
fbem-21462	158	9	and	and	CCONJ
fbem-21462	158	10	important	important	ADJ
fbem-21462	158	11	focus	focus	NOUN
fbem-21462	158	12	[	[	X
fbem-21462	158	13	j	j	X
fbem-21462	158	14	]	]	X
fbem-21462	158	15	.	.	PUNCT
fbem-21462	159	1	reform	reform	NOUN
fbem-21462	159	2	,	,	PUNCT
fbem-21462	159	3	2023(10	2023(10	NUM
fbem-21462	159	4	):	):	PUNCT
fbem-21462	159	5	1	1	NUM
fbem-21462	159	6	-	-	SYM
fbem-21462	159	7	13	13	NUM
fbem-21462	159	8	.	.	PUNCT
fbem-21462	160	1	[	[	X
fbem-21462	160	2	2	2	NUM
fbem-21462	160	3	]	]	X
fbem-21462	160	4	yang	yang	PROPN
fbem-21462	160	5	deming	deming	PROPN
fbem-21462	160	6	,	,	PUNCT
fbem-21462	160	7	liu	liu	PROPN
fbem-21462	160	8	yongwen	yongwen	PROPN
fbem-21462	160	9	why	why	SCONJ
fbem-21462	160	10	"	"	PUNCT
fbem-21462	160	11	internet	internet	NOUN
fbem-21462	160	12	plus	plus	CCONJ
fbem-21462	160	13	"	"	PUNCT
fbem-21462	160	14	added	add	VERB
fbem-21462	160	15	performance	performance	NOUN
fbem-21462	160	16	[	[	X
fbem-21462	160	17	j	j	X
fbem-21462	160	18	]	]	X
fbem-21462	160	19	.	.	PUNCT
fbem-21462	161	1	china	china	PROPN
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fbem-21462	161	3	economy	economy	NOUN
fbem-21462	161	4	,	,	PUNCT
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fbem-21462	161	6	,	,	PUNCT
fbem-21462	161	7	(	(	PUNCT
fbem-21462	161	8	05	05	NUM
fbem-21462	161	9	):	):	PUNCT
fbem-21462	161	10	80	80	NUM
fbem-21462	161	11	-	-	SYM
fbem-21462	161	12	98	98	NUM
fbem-21462	161	13	.	.	PUNCT
fbem-21462	162	1	doi	doi	NOUN
fbem-21462	162	2	:	:	PUNCT
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fbem-21462	162	4	/	/	SYM
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fbem-21462	163	2	3	3	X
fbem-21462	163	3	]	]	PUNCT
fbem-21462	163	4	qi	qi	NOUN
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fbem-21462	163	6	,	,	PUNCT
fbem-21462	163	7	cao	cao	PROPN
fbem-21462	163	8	xiuqin	xiuqin	PROPN
fbem-21462	163	9	,	,	PUNCT
fbem-21462	163	10	liu	liu	PROPN
fbem-21462	163	11	yanxia	yanxia	PROPN
fbem-21462	163	12	.	.	PUNCT
fbem-21462	164	1	the	the	DET
fbem-21462	164	2	impact	impact	NOUN
fbem-21462	164	3	of	of	ADP
fbem-21462	164	4	digital	digital	ADJ
fbem-21462	164	5	economy	economy	NOUN
fbem-21462	164	6	on	on	ADP
fbem-21462	164	7	corporate	corporate	ADJ
fbem-21462	164	8	governance	governance	NOUN
fbem-21462	164	9	from	from	ADP
fbem-21462	164	10	the	the	DET
fbem-21462	164	11	perspective	perspective	NOUN
fbem-21462	164	12	of	of	ADP
fbem-21462	164	13	information	information	NOUN
fbem-21462	164	14	asymmetry	asymmetry	NOUN
fbem-21462	164	15	and	and	CCONJ
fbem-21462	164	16	irrational	irrational	ADJ
fbem-21462	164	17	behavior	behavior	NOUN
fbem-21462	164	18	of	of	ADP
fbem-21462	164	19	managers	manager	NOUN
fbem-21462	164	20	[	[	X
fbem-21462	164	21	j	j	X
fbem-21462	164	22	]	]	X
fbem-21462	164	23	.	.	PUNCT
fbem-21462	165	1	reform	reform	NOUN
fbem-21462	165	2	,	,	PUNCT
fbem-21462	165	3	2020(04	2020(04	NUM
fbem-21462	165	4	):	):	PUNCT
fbem-21462	165	5	50	50	NUM
fbem-21462	165	6	-	-	SYM
fbem-21462	165	7	64	64	NUM
fbem-21462	165	8	.	.	PUNCT
fbem-21462	166	1	[	[	X
fbem-21462	166	2	4	4	X
fbem-21462	166	3	]	]	PUNCT
fbem-21462	166	4	he	he	PRON
fbem-21462	166	5	fan	fan	PROPN
fbem-21462	166	6	,	,	PUNCT
fbem-21462	166	7	liu	liu	PROPN
fbem-21462	166	8	hongxia	hongxia	PROPN
fbem-21462	166	9	.	.	PUNCT
fbem-21462	167	1	performance	performance	NOUN
fbem-21462	167	2	improvement	improvement	NOUN
fbem-21462	167	3	effect	effect	NOUN
fbem-21462	167	4	evaluation	evaluation	NOUN
fbem-21462	167	5	of	of	ADP
fbem-21462	167	6	digital	digital	ADJ
fbem-21462	167	7	transformation	transformation	NOUN
fbem-21462	167	8	of	of	ADP
fbem-21462	167	9	physical	physical	ADJ
fbem-21462	167	10	enterprises	enterprise	NOUN
fbem-21462	167	11	from	from	ADP
fbem-21462	167	12	the	the	DET
fbem-21462	167	13	perspective	perspective	NOUN
fbem-21462	167	14	of	of	ADP
fbem-21462	167	15	digital	digital	ADJ
fbem-21462	167	16	economy	economy	NOUN
fbem-21462	168	1	[	[	X
fbem-21462	168	2	j	j	X
fbem-21462	168	3	]	]	X
fbem-21462	168	4	.	.	PUNCT
fbem-21462	169	1	reform	reform	NOUN
fbem-21462	169	2	,	,	PUNCT
fbem-21462	169	3	2019(04	2019(04	NUM
fbem-21462	169	4	):	):	PUNCT
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fbem-21462	169	6	-	-	SYM
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fbem-21462	169	8	.	.	PUNCT
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fbem-21462	170	2	5	5	NUM
fbem-21462	170	3	]	]	PUNCT
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fbem-21462	170	6	,	,	PUNCT
fbem-21462	170	7	hu	hu	PROPN
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fbem-21462	170	9	,	,	PUNCT
fbem-21462	170	10	lin	lin	PROPN
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fbem-21462	170	12	,	,	PUNCT
fbem-21462	170	13	et	et	PROPN
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fbem-21462	171	2	digital	digital	ADJ
fbem-21462	171	3	transformation	transformation	NOUN
fbem-21462	171	4	and	and	CCONJ
fbem-21462	171	5	capital	capital	NOUN
fbem-21462	171	6	market	market	NOUN
fbem-21462	171	7	performance	performance	NOUN
fbem-21462	171	8	empirical	empirical	ADJ
fbem-21462	171	9	evidence	evidence	NOUN
fbem-21462	171	10	from	from	ADP
fbem-21462	171	11	stock	stock	NOUN
fbem-21462	171	12	liquidity	liquidity	NOUN
fbem-21462	172	1	[	[	X
fbem-21462	172	2	j	j	X
fbem-21462	172	3	]	]	X
fbem-21462	172	4	.	.	PUNCT
fbem-21462	173	1	management	management	NOUN
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fbem-21462	173	3	,	,	PUNCT
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fbem-21462	173	5	,	,	PUNCT
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fbem-21462	173	7	):	):	PUNCT
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fbem-21462	173	9	-	-	SYM
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fbem-21462	173	17	.	.	PUNCT
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fbem-21462	174	3	]	]	PUNCT
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fbem-21462	174	13	research	research	NOUN
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fbem-21462	174	17	of	of	ADP
fbem-21462	174	18	esg	esg	PROPN
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fbem-21462	174	20	on	on	ADP
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fbem-21462	174	23	quality	quality	NOUN
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fbem-21462	176	4	:	:	PUNCT
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fbem-21462	180	6	-	-	SYM
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fbem-21462	183	12	.	.	PUNCT
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fbem-21462	184	4	financing	financing	NOUN
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fbem-21462	185	1	[	[	X
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fbem-21462	186	5	,	,	PUNCT
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fbem-21462	186	7	):	):	PUNCT
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fbem-21462	187	22	labor	labor	NOUN
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fbem-21462	189	6	):	):	PUNCT
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fbem-21462	190	3	10.19581	10.19581	NUM
fbem-21462	190	4	/	/	SYM
fbem-21462	190	5	j.cnki.ciejournal.2021.09.007	j.cnki.ciejournal.2021.09.007	PROPN
fbem-21462	190	6	.	.	PUNCT