id	sid	tid	token	lemma	pos
fbem-22318	1	1	frontiers	frontier	NOUN
fbem-22318	1	2	in	in	ADP
fbem-22318	1	3	business	business	NOUN
fbem-22318	1	4	,	,	PUNCT
fbem-22318	1	5	economics	economic	NOUN
fbem-22318	1	6	and	and	CCONJ
fbem-22318	1	7	management	management	NOUN
fbem-22318	1	8	issn	issn	PROPN
fbem-22318	1	9	:	:	PUNCT
fbem-22318	1	10	2766	2766	NUM
fbem-22318	1	11	-	-	PUNCT
fbem-22318	1	12	824x	824x	NUM
fbem-22318	1	13	|	|	ADJ
fbem-22318	1	14	vol	vol	NOUN
fbem-22318	1	15	.	.	PROPN
fbem-22318	1	16	15	15	NUM
fbem-22318	1	17	,	,	PUNCT
fbem-22318	1	18	no	no	INTJ
fbem-22318	1	19	.	.	NOUN
fbem-22318	1	20	2	2	NUM
fbem-22318	1	21	,	,	PUNCT
fbem-22318	1	22	2024	2024	NUM
fbem-22318	1	23	370	370	NUM
fbem-22318	1	24	the	the	DET
fbem-22318	1	25	influence	influence	NOUN
fbem-22318	1	26	of	of	ADP
fbem-22318	1	27	central	central	ADJ
fbem-22318	1	28	ecological	ecological	ADJ
fbem-22318	1	29	and	and	CCONJ
fbem-22318	1	30	environmental	environmental	ADJ
fbem-22318	1	31	protection	protection	NOUN
fbem-22318	1	32	supervision	supervision	NOUN
fbem-22318	1	33	on	on	ADP
fbem-22318	1	34	the	the	DET
fbem-22318	1	35	performance	performance	NOUN
fbem-22318	1	36	of	of	ADP
fbem-22318	1	37	environmental	environmental	ADJ
fbem-22318	1	38	protection	protection	NOUN
fbem-22318	1	39	enterprises	enterprise	NOUN
fbem-22318	1	40	-based	-base	VERB
fbem-22318	1	41	on	on	ADP
fbem-22318	1	42	analysis	analysis	NOUN
fbem-22318	1	43	of	of	ADP
fbem-22318	1	44	listed	list	VERB
fbem-22318	1	45	companies	company	NOUN
fbem-22318	1	46	rubing	rub	VERB
fbem-22318	1	47	qi	qi	PRON
fbem-22318	1	48	nanjing	nanjing	PROPN
fbem-22318	1	49	normal	normal	ADJ
fbem-22318	1	50	university	university	PROPN
fbem-22318	1	51	,	,	PUNCT
fbem-22318	1	52	nanjing	nanjing	PROPN
fbem-22318	1	53	,	,	PUNCT
fbem-22318	1	54	china	china	PROPN
fbem-22318	1	55	abstract	abstract	NOUN
fbem-22318	1	56	:	:	PUNCT
fbem-22318	1	57	based	base	VERB
fbem-22318	1	58	on	on	ADP
fbem-22318	1	59	the	the	DET
fbem-22318	1	60	semi	semi	ADJ
fbem-22318	1	61	-	-	ADJ
fbem-22318	1	62	annual	annual	ADJ
fbem-22318	1	63	financial	financial	ADJ
fbem-22318	1	64	data	datum	NOUN
fbem-22318	1	65	of	of	ADP
fbem-22318	1	66	china	china	PROPN
fbem-22318	1	67	's	's	PART
fbem-22318	1	68	listed	list	VERB
fbem-22318	1	69	enterprises	enterprise	NOUN
fbem-22318	1	70	from	from	ADP
fbem-22318	1	71	2017	2017	NUM
fbem-22318	1	72	to	to	ADP
fbem-22318	1	73	2022	2022	NUM
fbem-22318	1	74	,	,	PUNCT
fbem-22318	1	75	this	this	DET
fbem-22318	1	76	paper	paper	NOUN
fbem-22318	1	77	divides	divide	VERB
fbem-22318	1	78	the	the	DET
fbem-22318	1	79	sample	sample	NOUN
fbem-22318	1	80	enterprises	enterprise	NOUN
fbem-22318	1	81	into	into	ADP
fbem-22318	1	82	environmental	environmental	ADJ
fbem-22318	1	83	listed	list	VERB
fbem-22318	1	84	enterprises	enterprise	NOUN
fbem-22318	1	85	and	and	CCONJ
fbem-22318	1	86	other	other	ADJ
fbem-22318	1	87	general	general	ADJ
fbem-22318	1	88	listed	list	VERB
fbem-22318	1	89	enterprises	enterprise	NOUN
fbem-22318	1	90	in	in	ADP
fbem-22318	1	91	the	the	DET
fbem-22318	1	92	industry	industry	NOUN
fbem-22318	1	93	of	of	ADP
fbem-22318	1	94	environmental	environmental	ADJ
fbem-22318	1	95	listed	list	VERB
fbem-22318	1	96	enterprises	enterprise	NOUN
fbem-22318	1	97	,	,	PUNCT
fbem-22318	1	98	and	and	CCONJ
fbem-22318	1	99	evaluates	evaluate	VERB
fbem-22318	1	100	the	the	DET
fbem-22318	1	101	impact	impact	NOUN
fbem-22318	1	102	and	and	CCONJ
fbem-22318	1	103	mechanism	mechanism	NOUN
fbem-22318	1	104	of	of	ADP
fbem-22318	1	105	the	the	DET
fbem-22318	1	106	"	"	PUNCT
fbem-22318	1	107	regulations	regulation	NOUN
fbem-22318	1	108	on	on	ADP
fbem-22318	1	109	the	the	DET
fbem-22318	1	110	supervision	supervision	NOUN
fbem-22318	1	111	of	of	ADP
fbem-22318	1	112	central	central	ADJ
fbem-22318	1	113	ecological	ecological	ADJ
fbem-22318	1	114	and	and	CCONJ
fbem-22318	1	115	environmental	environmental	ADJ
fbem-22318	1	116	protection	protection	NOUN
fbem-22318	1	117	"	"	PUNCT
fbem-22318	1	118	on	on	ADP
fbem-22318	1	119	the	the	DET
fbem-22318	1	120	performance	performance	NOUN
fbem-22318	1	121	of	of	ADP
fbem-22318	1	122	environmental	environmental	ADJ
fbem-22318	1	123	listed	list	VERB
fbem-22318	1	124	enterprises	enterprise	NOUN
fbem-22318	1	125	through	through	ADP
fbem-22318	1	126	the	the	DET
fbem-22318	1	127	difference	difference	NOUN
fbem-22318	1	128	-difference	-difference	NOUN
fbem-22318	1	129	method	method	NOUN
fbem-22318	1	130	.	.	PUNCT
fbem-22318	2	1	this	this	DET
fbem-22318	2	2	paper	paper	NOUN
fbem-22318	2	3	finds	find	VERB
fbem-22318	2	4	that	that	SCONJ
fbem-22318	2	5	the	the	DET
fbem-22318	2	6	regulation	regulation	NOUN
fbem-22318	2	7	reduces	reduce	VERB
fbem-22318	2	8	the	the	DET
fbem-22318	2	9	performance	performance	NOUN
fbem-22318	2	10	level	level	NOUN
fbem-22318	2	11	of	of	ADP
fbem-22318	2	12	environmental	environmental	ADJ
fbem-22318	2	13	listed	list	VERB
fbem-22318	2	14	enterprises	enterprise	NOUN
fbem-22318	2	15	.	.	PUNCT
fbem-22318	3	1	the	the	DET
fbem-22318	3	2	strengthening	strengthening	NOUN
fbem-22318	3	3	of	of	ADP
fbem-22318	3	4	regulatory	regulatory	ADJ
fbem-22318	3	5	effect	effect	NOUN
fbem-22318	3	6	and	and	CCONJ
fbem-22318	3	7	the	the	DET
fbem-22318	3	8	reduction	reduction	NOUN
fbem-22318	3	9	of	of	ADP
fbem-22318	3	10	innovation	innovation	NOUN
fbem-22318	3	11	input	input	NOUN
fbem-22318	3	12	are	be	AUX
fbem-22318	3	13	the	the	DET
fbem-22318	3	14	important	important	ADJ
fbem-22318	3	15	mechanisms	mechanism	NOUN
fbem-22318	3	16	.	.	PUNCT
fbem-22318	4	1	from	from	ADP
fbem-22318	4	2	the	the	DET
fbem-22318	4	3	perspective	perspective	NOUN
fbem-22318	4	4	of	of	ADP
fbem-22318	4	5	heterogeneity	heterogeneity	NOUN
fbem-22318	4	6	effect	effect	NOUN
fbem-22318	4	7	,	,	PUNCT
fbem-22318	4	8	the	the	DET
fbem-22318	4	9	regulation	regulation	NOUN
fbem-22318	4	10	has	have	VERB
fbem-22318	4	11	greater	great	ADJ
fbem-22318	4	12	inhibitory	inhibitory	ADJ
fbem-22318	4	13	effect	effect	NOUN
fbem-22318	4	14	on	on	ADP
fbem-22318	4	15	the	the	DET
fbem-22318	4	16	performance	performance	NOUN
fbem-22318	4	17	of	of	ADP
fbem-22318	4	18	private	private	ADJ
fbem-22318	4	19	environmental	environmental	ADJ
fbem-22318	4	20	protection	protection	NOUN
fbem-22318	4	21	enterprises	enterprise	NOUN
fbem-22318	4	22	,	,	PUNCT
fbem-22318	4	23	but	but	CCONJ
fbem-22318	4	24	has	have	VERB
fbem-22318	4	25	no	no	DET
fbem-22318	4	26	significant	significant	ADJ
fbem-22318	4	27	effect	effect	NOUN
fbem-22318	4	28	on	on	ADP
fbem-22318	4	29	the	the	DET
fbem-22318	4	30	performance	performance	NOUN
fbem-22318	4	31	of	of	ADP
fbem-22318	4	32	state	state	NOUN
fbem-22318	4	33	-	-	PUNCT
fbem-22318	4	34	owned	own	VERB
fbem-22318	4	35	environmental	environmental	ADJ
fbem-22318	4	36	protection	protection	NOUN
fbem-22318	4	37	enterprises	enterprise	NOUN
fbem-22318	4	38	.	.	PUNCT
fbem-22318	5	1	compared	compare	VERB
fbem-22318	5	2	with	with	ADP
fbem-22318	5	3	small	small	ADJ
fbem-22318	5	4	-	-	PUNCT
fbem-22318	5	5	scale	scale	NOUN
fbem-22318	5	6	environmental	environmental	ADJ
fbem-22318	5	7	protection	protection	NOUN
fbem-22318	5	8	enterprises	enterprise	NOUN
fbem-22318	5	9	,	,	PUNCT
fbem-22318	5	10	the	the	DET
fbem-22318	5	11	"	"	PUNCT
fbem-22318	5	12	regulations	regulation	NOUN
fbem-22318	5	13	"	"	PUNCT
fbem-22318	5	14	have	have	VERB
fbem-22318	5	15	less	less	ADJ
fbem-22318	5	16	inhibitory	inhibitory	ADJ
fbem-22318	5	17	effect	effect	NOUN
fbem-22318	5	18	on	on	ADP
fbem-22318	5	19	the	the	DET
fbem-22318	5	20	performance	performance	NOUN
fbem-22318	5	21	of	of	ADP
fbem-22318	5	22	large	large	ADJ
fbem-22318	5	23	-	-	PUNCT
fbem-22318	5	24	scale	scale	NOUN
fbem-22318	5	25	environmental	environmental	ADJ
fbem-22318	5	26	protection	protection	NOUN
fbem-22318	5	27	enterprises	enterprise	NOUN
fbem-22318	5	28	.	.	PUNCT
fbem-22318	6	1	after	after	ADP
fbem-22318	6	2	a	a	DET
fbem-22318	6	3	variety	variety	NOUN
fbem-22318	6	4	of	of	ADP
fbem-22318	6	5	robustness	robustness	NOUN
fbem-22318	6	6	tests	test	NOUN
fbem-22318	6	7	,	,	PUNCT
fbem-22318	6	8	the	the	DET
fbem-22318	6	9	conclusions	conclusion	NOUN
fbem-22318	6	10	of	of	ADP
fbem-22318	6	11	this	this	DET
fbem-22318	6	12	study	study	NOUN
fbem-22318	6	13	are	be	AUX
fbem-22318	6	14	still	still	ADV
fbem-22318	6	15	valid	valid	ADJ
fbem-22318	6	16	,	,	PUNCT
fbem-22318	6	17	which	which	PRON
fbem-22318	6	18	can	can	AUX
fbem-22318	6	19	provide	provide	VERB
fbem-22318	6	20	important	important	ADJ
fbem-22318	6	21	reference	reference	NOUN
fbem-22318	6	22	for	for	ADP
fbem-22318	6	23	relevant	relevant	ADJ
fbem-22318	6	24	government	government	NOUN
fbem-22318	6	25	departments	department	NOUN
fbem-22318	6	26	to	to	PART
fbem-22318	6	27	formulate	formulate	VERB
fbem-22318	6	28	appropriate	appropriate	ADJ
fbem-22318	6	29	environmental	environmental	ADJ
fbem-22318	6	30	policies	policy	NOUN
fbem-22318	6	31	and	and	CCONJ
fbem-22318	6	32	promote	promote	VERB
fbem-22318	6	33	the	the	DET
fbem-22318	6	34	stable	stable	ADJ
fbem-22318	6	35	and	and	CCONJ
fbem-22318	6	36	healthy	healthy	ADJ
fbem-22318	6	37	development	development	NOUN
fbem-22318	6	38	of	of	ADP
fbem-22318	6	39	environmental	environmental	ADJ
fbem-22318	6	40	protection	protection	NOUN
fbem-22318	6	41	enterprises	enterprise	NOUN
fbem-22318	6	42	.	.	PUNCT
fbem-22318	7	1	keywords	keyword	NOUN
fbem-22318	7	2	:	:	PUNCT
fbem-22318	7	3	central	central	ADJ
fbem-22318	7	4	environmental	environmental	ADJ
fbem-22318	7	5	supervision	supervision	NOUN
fbem-22318	7	6	,	,	PUNCT
fbem-22318	7	7	enterprise	enterprise	NOUN
fbem-22318	7	8	performance	performance	NOUN
fbem-22318	7	9	,	,	PUNCT
fbem-22318	7	10	environmental	environmental	ADJ
fbem-22318	7	11	regulation	regulation	NOUN
fbem-22318	7	12	,	,	PUNCT
fbem-22318	7	13	compliance	compliance	NOUN
fbem-22318	7	14	,	,	PUNCT
fbem-22318	7	15	cost	cost	NOUN
fbem-22318	7	16	,	,	PUNCT
fbem-22318	7	17	innovation	innovation	NOUN
fbem-22318	7	18	and	and	CCONJ
fbem-22318	7	19	investment	investment	NOUN
fbem-22318	7	20	.	.	PUNCT
fbem-22318	8	1	1	1	X
fbem-22318	8	2	.	.	X
fbem-22318	8	3	introduction	introduction	NOUN
fbem-22318	8	4	with	with	ADP
fbem-22318	8	5	the	the	DET
fbem-22318	8	6	rapid	rapid	ADJ
fbem-22318	8	7	development	development	NOUN
fbem-22318	8	8	of	of	ADP
fbem-22318	8	9	china	china	PROPN
fbem-22318	8	10	's	's	PART
fbem-22318	8	11	economy	economy	NOUN
fbem-22318	8	12	,	,	PUNCT
fbem-22318	8	13	ecological	ecological	ADJ
fbem-22318	8	14	and	and	CCONJ
fbem-22318	8	15	environmental	environmental	ADJ
fbem-22318	8	16	problems	problem	NOUN
fbem-22318	8	17	have	have	AUX
fbem-22318	8	18	become	become	VERB
fbem-22318	8	19	increasingly	increasingly	ADV
fbem-22318	8	20	prominent	prominent	ADJ
fbem-22318	8	21	.	.	PUNCT
fbem-22318	9	1	in	in	ADP
fbem-22318	9	2	order	order	NOUN
fbem-22318	9	3	to	to	PART
fbem-22318	9	4	improve	improve	VERB
fbem-22318	9	5	the	the	DET
fbem-22318	9	6	environmental	environmental	ADJ
fbem-22318	9	7	governance	governance	NOUN
fbem-22318	9	8	efficiency	efficiency	NOUN
fbem-22318	9	9	of	of	ADP
fbem-22318	9	10	local	local	ADJ
fbem-22318	9	11	governments	government	NOUN
fbem-22318	9	12	and	and	CCONJ
fbem-22318	9	13	solve	solve	VERB
fbem-22318	9	14	ecological	ecological	ADJ
fbem-22318	9	15	environmental	environmental	ADJ
fbem-22318	9	16	problems	problem	NOUN
fbem-22318	9	17	,	,	PUNCT
fbem-22318	9	18	the	the	DET
fbem-22318	9	19	central	central	ADJ
fbem-22318	9	20	environmental	environmental	PROPN
fbem-22318	9	21	protection	protection	PROPN
fbem-22318	9	22	supervision	supervision	NOUN
fbem-22318	9	23	system	system	NOUN
fbem-22318	9	24	came	come	VERB
fbem-22318	9	25	into	into	ADP
fbem-22318	9	26	being	being	NOUN
fbem-22318	9	27	.	.	PUNCT
fbem-22318	10	1	in	in	ADP
fbem-22318	10	2	terms	term	NOUN
fbem-22318	10	3	of	of	ADP
fbem-22318	10	4	actual	actual	ADJ
fbem-22318	10	5	results	result	NOUN
fbem-22318	10	6	,	,	PUNCT
fbem-22318	10	7	the	the	DET
fbem-22318	10	8	first	first	ADJ
fbem-22318	10	9	round	round	NOUN
fbem-22318	10	10	of	of	ADP
fbem-22318	10	11	central	central	ADJ
fbem-22318	10	12	environmental	environmental	ADJ
fbem-22318	10	13	protection	protection	NOUN
fbem-22318	10	14	inspectors	inspector	NOUN
fbem-22318	10	15	through	through	ADP
fbem-22318	10	16	filing	filing	NOUN
fbem-22318	10	17	penalties	penalty	NOUN
fbem-22318	10	18	,	,	PUNCT
fbem-22318	10	19	interviews	interview	NOUN
fbem-22318	10	20	,	,	PUNCT
fbem-22318	10	21	detention	detention	NOUN
fbem-22318	10	22	,	,	PUNCT
fbem-22318	10	23	accountability	accountability	NOUN
fbem-22318	10	24	and	and	CCONJ
fbem-22318	10	25	other	other	ADJ
fbem-22318	10	26	accountability	accountability	NOUN
fbem-22318	10	27	methods	method	NOUN
fbem-22318	10	28	,	,	PUNCT
fbem-22318	10	29	effectively	effectively	ADV
fbem-22318	10	30	promoted	promote	VERB
fbem-22318	10	31	the	the	DET
fbem-22318	10	32	local	local	ADJ
fbem-22318	10	33	party	party	PROPN
fbem-22318	10	34	committee	committee	NOUN
fbem-22318	10	35	's	's	PART
fbem-22318	10	36	attention	attention	NOUN
fbem-22318	10	37	to	to	ADP
fbem-22318	10	38	environmental	environmental	ADJ
fbem-22318	10	39	protection	protection	NOUN
fbem-22318	10	40	work	work	NOUN
fbem-22318	10	41	,	,	PUNCT
fbem-22318	10	42	and	and	CCONJ
fbem-22318	10	43	local	local	ADJ
fbem-22318	10	44	environmental	environmental	ADJ
fbem-22318	10	45	governance	governance	NOUN
fbem-22318	10	46	departments	department	NOUN
fbem-22318	10	47	have	have	AUX
fbem-22318	10	48	made	make	VERB
fbem-22318	10	49	a	a	DET
fbem-22318	10	50	series	series	NOUN
fbem-22318	10	51	of	of	ADP
fbem-22318	10	52	substantive	substantive	ADJ
fbem-22318	10	53	environmental	environmental	ADJ
fbem-22318	10	54	governance	governance	NOUN
fbem-22318	10	55	work	work	NOUN
fbem-22318	10	56	.	.	PUNCT
fbem-22318	11	1	however	however	ADV
fbem-22318	11	2	,	,	PUNCT
fbem-22318	11	3	in	in	ADP
fbem-22318	11	4	the	the	DET
fbem-22318	11	5	process	process	NOUN
fbem-22318	11	6	of	of	ADP
fbem-22318	11	7	carrying	carry	VERB
fbem-22318	11	8	out	out	ADP
fbem-22318	11	9	the	the	DET
fbem-22318	11	10	work	work	NOUN
fbem-22318	11	11	of	of	ADP
fbem-22318	11	12	the	the	DET
fbem-22318	11	13	first	first	ADJ
fbem-22318	11	14	round	round	NOUN
fbem-22318	11	15	of	of	ADP
fbem-22318	11	16	central	central	ADJ
fbem-22318	11	17	environmental	environmental	ADJ
fbem-22318	11	18	protection	protection	NOUN
fbem-22318	11	19	inspectors	inspector	NOUN
fbem-22318	11	20	,	,	PUNCT
fbem-22318	11	21	there	there	PRON
fbem-22318	11	22	is	be	VERB
fbem-22318	11	23	still	still	ADV
fbem-22318	11	24	a	a	DET
fbem-22318	11	25	lack	lack	NOUN
fbem-22318	11	26	of	of	ADP
fbem-22318	11	27	some	some	DET
fbem-22318	11	28	more	more	ADV
fbem-22318	11	29	detailed	detailed	ADJ
fbem-22318	11	30	work	work	NOUN
fbem-22318	11	31	regulations	regulation	NOUN
fbem-22318	11	32	and	and	CCONJ
fbem-22318	11	33	work	work	NOUN
fbem-22318	11	34	requirements	requirement	NOUN
fbem-22318	11	35	,	,	PUNCT
fbem-22318	11	36	and	and	CCONJ
fbem-22318	11	37	it	it	PRON
fbem-22318	11	38	is	be	AUX
fbem-22318	11	39	necessary	necessary	ADJ
fbem-22318	11	40	to	to	PART
fbem-22318	11	41	further	far	ADV
fbem-22318	11	42	strengthen	strengthen	VERB
fbem-22318	11	43	the	the	DET
fbem-22318	11	44	legal	legal	ADJ
fbem-22318	11	45	basis	basis	NOUN
fbem-22318	11	46	of	of	ADP
fbem-22318	11	47	supervision	supervision	NOUN
fbem-22318	11	48	work	work	NOUN
fbem-22318	11	49	.	.	PUNCT
fbem-22318	12	1	to	to	ADP
fbem-22318	12	2	this	this	DET
fbem-22318	12	3	end	end	NOUN
fbem-22318	12	4	,	,	PUNCT
fbem-22318	12	5	the	the	DET
fbem-22318	12	6	"	"	PUNCT
fbem-22318	12	7	central	central	ADJ
fbem-22318	12	8	ecological	ecological	ADJ
fbem-22318	12	9	environmental	environmental	ADJ
fbem-22318	12	10	protection	protection	PROPN
fbem-22318	12	11	work	work	NOUN
fbem-22318	12	12	regulations	regulation	NOUN
fbem-22318	12	13	"	"	PUNCT
fbem-22318	12	14	(	(	PUNCT
fbem-22318	12	15	hereinafter	hereinafter	NOUN
fbem-22318	12	16	referred	refer	VERB
fbem-22318	12	17	to	to	ADP
fbem-22318	12	18	as	as	SCONJ
fbem-22318	12	19	the	the	DET
fbem-22318	12	20	"	"	PUNCT
fbem-22318	12	21	regulations	regulation	NOUN
fbem-22318	12	22	"	"	PUNCT
fbem-22318	12	23	)	)	PUNCT
fbem-22318	12	24	was	be	AUX
fbem-22318	12	25	officially	officially	ADV
fbem-22318	12	26	issued	issue	VERB
fbem-22318	12	27	and	and	CCONJ
fbem-22318	12	28	implemented	implement	VERB
fbem-22318	12	29	on	on	ADP
fbem-22318	12	30	june	june	PROPN
fbem-22318	12	31	6	6	NUM
fbem-22318	12	32	,	,	PUNCT
fbem-22318	12	33	2019	2019	NUM
fbem-22318	12	34	,	,	PUNCT
fbem-22318	12	35	the	the	DET
fbem-22318	12	36	"	"	PUNCT
fbem-22318	12	37	regulations	regulation	NOUN
fbem-22318	12	38	"	"	PUNCT
fbem-22318	12	39	clarify	clarify	VERB
fbem-22318	12	40	more	more	ADV
fbem-22318	12	41	detailed	detailed	ADJ
fbem-22318	12	42	work	work	NOUN
fbem-22318	12	43	regulations	regulation	NOUN
fbem-22318	12	44	and	and	CCONJ
fbem-22318	12	45	requirements	requirement	NOUN
fbem-22318	12	46	,	,	PUNCT
fbem-22318	12	47	consolidate	consolidate	VERB
fbem-22318	12	48	the	the	DET
fbem-22318	12	49	legal	legal	ADJ
fbem-22318	12	50	basis	basis	NOUN
fbem-22318	12	51	of	of	ADP
fbem-22318	12	52	supervision	supervision	NOUN
fbem-22318	12	53	work	work	NOUN
fbem-22318	12	54	,	,	PUNCT
fbem-22318	12	55	aimed	aim	VERB
fbem-22318	12	56	at	at	ADP
fbem-22318	12	57	better	well	ADJ
fbem-22318	12	58	guiding	guide	VERB
fbem-22318	12	59	the	the	DET
fbem-22318	12	60	second	second	ADJ
fbem-22318	12	61	round	round	NOUN
fbem-22318	12	62	of	of	ADP
fbem-22318	12	63	environmental	environmental	ADJ
fbem-22318	12	64	protection	protection	NOUN
fbem-22318	12	65	supervision	supervision	NOUN
fbem-22318	12	66	work	work	NOUN
fbem-22318	12	67	,	,	PUNCT
fbem-22318	12	68	compacting	compact	VERB
fbem-22318	12	69	ecological	ecological	ADJ
fbem-22318	12	70	environmental	environmental	ADJ
fbem-22318	12	71	responsibility	responsibility	NOUN
fbem-22318	12	72	,	,	PUNCT
fbem-22318	12	73	and	and	CCONJ
fbem-22318	12	74	strengthening	strengthen	VERB
fbem-22318	12	75	ecological	ecological	ADJ
fbem-22318	12	76	environmental	environmental	ADJ
fbem-22318	12	77	protection	protection	NOUN
fbem-22318	12	78	work	work	NOUN
fbem-22318	12	79	.	.	PUNCT
fbem-22318	13	1	in	in	ADP
fbem-22318	13	2	the	the	DET
fbem-22318	13	3	process	process	NOUN
fbem-22318	13	4	of	of	ADP
fbem-22318	13	5	promoting	promote	VERB
fbem-22318	13	6	ecological	ecological	ADJ
fbem-22318	13	7	civilization	civilization	NOUN
fbem-22318	13	8	construction	construction	NOUN
fbem-22318	13	9	and	and	CCONJ
fbem-22318	13	10	strengthening	strengthen	VERB
fbem-22318	13	11	ecological	ecological	ADJ
fbem-22318	13	12	environmental	environmental	ADJ
fbem-22318	13	13	protection	protection	NOUN
fbem-22318	13	14	,	,	PUNCT
fbem-22318	13	15	environmental	environmental	ADJ
fbem-22318	13	16	protection	protection	NOUN
fbem-22318	13	17	enterprises	enterprise	NOUN
fbem-22318	13	18	are	be	AUX
fbem-22318	13	19	important	important	ADJ
fbem-22318	13	20	participants	participant	NOUN
fbem-22318	13	21	.	.	PUNCT
fbem-22318	14	1	environmental	environmental	ADJ
fbem-22318	14	2	protection	protection	NOUN
fbem-22318	14	3	enterprises	enterprise	NOUN
fbem-22318	14	4	not	not	PART
fbem-22318	14	5	only	only	ADV
fbem-22318	14	6	practice	practice	VERB
fbem-22318	14	7	new	new	ADJ
fbem-22318	14	8	development	development	NOUN
fbem-22318	14	9	concepts	concept	NOUN
fbem-22318	14	10	for	for	ADP
fbem-22318	14	11	other	other	ADJ
fbem-22318	14	12	enterprises	enterprise	NOUN
fbem-22318	14	13	,	,	PUNCT
fbem-22318	14	14	explore	explore	VERB
fbem-22318	14	15	the	the	DET
fbem-22318	14	16	establishment	establishment	NOUN
fbem-22318	14	17	and	and	CCONJ
fbem-22318	14	18	improvement	improvement	NOUN
fbem-22318	14	19	of	of	ADP
fbem-22318	14	20	esg	esg	PROPN
fbem-22318	14	21	internal	internal	ADJ
fbem-22318	14	22	system	system	NOUN
fbem-22318	14	23	and	and	CCONJ
fbem-22318	14	24	management	management	NOUN
fbem-22318	14	25	framework	framework	NOUN
fbem-22318	14	26	,	,	PUNCT
fbem-22318	14	27	and	and	CCONJ
fbem-22318	14	28	accelerate	accelerate	VERB
fbem-22318	14	29	green	green	ADJ
fbem-22318	14	30	and	and	CCONJ
fbem-22318	14	31	low	low	ADJ
fbem-22318	14	32	-	-	PUNCT
fbem-22318	14	33	carbon	carbon	NOUN
fbem-22318	14	34	transformation	transformation	NOUN
fbem-22318	14	35	,	,	PUNCT
fbem-22318	14	36	but	but	CCONJ
fbem-22318	14	37	also	also	ADV
fbem-22318	14	38	accumulate	accumulate	VERB
fbem-22318	14	39	a	a	DET
fbem-22318	14	40	lot	lot	NOUN
fbem-22318	14	41	of	of	ADP
fbem-22318	14	42	experience	experience	NOUN
fbem-22318	14	43	and	and	CCONJ
fbem-22318	14	44	practices	practice	NOUN
fbem-22318	14	45	.	.	PUNCT
fbem-22318	15	1	it	it	PRON
fbem-22318	15	2	also	also	ADV
fbem-22318	15	3	provides	provide	VERB
fbem-22318	15	4	services	service	NOUN
fbem-22318	15	5	and	and	CCONJ
fbem-22318	15	6	solutions	solution	NOUN
fbem-22318	15	7	for	for	ADP
fbem-22318	15	8	the	the	DET
fbem-22318	15	9	whole	whole	ADJ
fbem-22318	15	10	life	life	NOUN
fbem-22318	15	11	cycle	cycle	NOUN
fbem-22318	15	12	of	of	ADP
fbem-22318	15	13	environmental	environmental	ADJ
fbem-22318	15	14	protection	protection	NOUN
fbem-22318	15	15	projects	project	NOUN
fbem-22318	15	16	for	for	ADP
fbem-22318	15	17	other	other	ADJ
fbem-22318	15	18	enterprises	enterprise	NOUN
fbem-22318	15	19	.	.	PUNCT
fbem-22318	16	1	the	the	DET
fbem-22318	16	2	party	party	NOUN
fbem-22318	16	3	's	's	PART
fbem-22318	16	4	20th	20th	ADJ
fbem-22318	16	5	national	national	ADJ
fbem-22318	16	6	congress	congress	PROPN
fbem-22318	16	7	also	also	ADV
fbem-22318	16	8	put	put	VERB
fbem-22318	16	9	forward	forward	ADV
fbem-22318	16	10	a	a	DET
fbem-22318	16	11	series	series	NOUN
fbem-22318	16	12	of	of	ADP
fbem-22318	16	13	new	new	ADJ
fbem-22318	16	14	ideas	idea	NOUN
fbem-22318	16	15	,	,	PUNCT
fbem-22318	16	16	new	new	ADJ
fbem-22318	16	17	requirements	requirement	NOUN
fbem-22318	16	18	,	,	PUNCT
fbem-22318	16	19	new	new	ADJ
fbem-22318	16	20	goals	goal	NOUN
fbem-22318	16	21	,	,	PUNCT
fbem-22318	16	22	and	and	CCONJ
fbem-22318	16	23	new	new	ADJ
fbem-22318	16	24	deployments	deployment	NOUN
fbem-22318	16	25	for	for	ADP
fbem-22318	16	26	the	the	DET
fbem-22318	16	27	construction	construction	NOUN
fbem-22318	16	28	of	of	ADP
fbem-22318	16	29	ecological	ecological	ADJ
fbem-22318	16	30	civilization	civilization	NOUN
fbem-22318	16	31	,	,	PUNCT
fbem-22318	16	32	clearly	clearly	ADV
fbem-22318	16	33	requiring	require	VERB
fbem-22318	16	34	strengthening	strengthen	VERB
fbem-22318	16	35	the	the	DET
fbem-22318	16	36	green	green	ADJ
fbem-22318	16	37	transformation	transformation	NOUN
fbem-22318	16	38	of	of	ADP
fbem-22318	16	39	the	the	DET
fbem-22318	16	40	development	development	NOUN
fbem-22318	16	41	mode	mode	NOUN
fbem-22318	16	42	,	,	PUNCT
fbem-22318	16	43	further	far	ADV
fbem-22318	16	44	promoting	promote	VERB
fbem-22318	16	45	environmental	environmental	ADJ
fbem-22318	16	46	pollution	pollution	NOUN
fbem-22318	16	47	prevention	prevention	NOUN
fbem-22318	16	48	and	and	CCONJ
fbem-22318	16	49	control	control	NOUN
fbem-22318	16	50	,	,	PUNCT
fbem-22318	16	51	increasing	increase	VERB
fbem-22318	16	52	ecosystem	ecosystem	NOUN
fbem-22318	16	53	protection	protection	NOUN
fbem-22318	16	54	,	,	PUNCT
fbem-22318	16	55	actively	actively	ADV
fbem-22318	16	56	and	and	CCONJ
fbem-22318	16	57	steadily	steadily	ADV
fbem-22318	16	58	promoting	promote	VERB
fbem-22318	16	59	carbon	carbon	NOUN
fbem-22318	16	60	to	to	PART
fbem-22318	16	61	peak	peak	VERB
fbem-22318	16	62	carbon	carbon	NOUN
fbem-22318	16	63	neutrality	neutrality	NOUN
fbem-22318	16	64	,	,	PUNCT
fbem-22318	16	65	and	and	CCONJ
fbem-22318	16	66	taking	take	VERB
fbem-22318	16	67	"	"	PUNCT
fbem-22318	16	68	strengthening	strengthen	VERB
fbem-22318	16	69	the	the	DET
fbem-22318	16	70	environmental	environmental	ADJ
fbem-22318	16	71	protection	protection	NOUN
fbem-22318	16	72	industry	industry	NOUN
fbem-22318	16	73	"	"	PUNCT
fbem-22318	16	74	as	as	ADP
fbem-22318	16	75	an	an	DET
fbem-22318	16	76	important	important	ADJ
fbem-22318	16	77	starting	starting	NOUN
fbem-22318	16	78	point	point	NOUN
fbem-22318	16	79	for	for	ADP
fbem-22318	16	80	promoting	promote	VERB
fbem-22318	16	81	green	green	ADJ
fbem-22318	16	82	development	development	NOUN
fbem-22318	16	83	.	.	PUNCT
fbem-22318	17	1	it	it	PRON
fbem-22318	17	2	can	can	AUX
fbem-22318	17	3	be	be	AUX
fbem-22318	17	4	seen	see	VERB
fbem-22318	17	5	that	that	SCONJ
fbem-22318	17	6	the	the	DET
fbem-22318	17	7	study	study	NOUN
fbem-22318	17	8	of	of	ADP
fbem-22318	17	9	the	the	DET
fbem-22318	17	10	impact	impact	NOUN
fbem-22318	17	11	of	of	ADP
fbem-22318	17	12	environmental	environmental	ADJ
fbem-22318	17	13	protection	protection	NOUN
fbem-22318	17	14	enterprises	enterprise	NOUN
fbem-22318	17	15	on	on	ADP
fbem-22318	17	16	the	the	DET
fbem-22318	17	17	central	central	ADJ
fbem-22318	17	18	ecological	ecological	ADJ
fbem-22318	17	19	environmental	environmental	PROPN
fbem-22318	17	20	protection	protection	PROPN
fbem-22318	17	21	supervision	supervision	NOUN
fbem-22318	17	22	has	have	VERB
fbem-22318	17	23	important	important	ADJ
fbem-22318	17	24	practical	practical	ADJ
fbem-22318	17	25	significance	significance	NOUN
fbem-22318	17	26	for	for	ADP
fbem-22318	17	27	modern	modern	ADJ
fbem-22318	17	28	environmental	environmental	ADJ
fbem-22318	17	29	governance	governance	NOUN
fbem-22318	17	30	and	and	CCONJ
fbem-22318	17	31	green	green	ADJ
fbem-22318	17	32	development	development	NOUN
fbem-22318	17	33	.	.	PUNCT
fbem-22318	18	1	as	as	SCONJ
fbem-22318	18	2	environmental	environmental	ADJ
fbem-22318	18	3	governance	governance	NOUN
fbem-22318	18	4	has	have	AUX
fbem-22318	18	5	attracted	attract	VERB
fbem-22318	18	6	more	more	ADJ
fbem-22318	18	7	and	and	CCONJ
fbem-22318	18	8	more	more	ADJ
fbem-22318	18	9	attention	attention	NOUN
fbem-22318	18	10	from	from	ADP
fbem-22318	18	11	the	the	DET
fbem-22318	18	12	state	state	NOUN
fbem-22318	18	13	,	,	PUNCT
fbem-22318	18	14	many	many	ADJ
fbem-22318	18	15	scholars	scholar	NOUN
fbem-22318	18	16	have	have	AUX
fbem-22318	18	17	also	also	ADV
fbem-22318	18	18	studied	study	VERB
fbem-22318	18	19	the	the	DET
fbem-22318	18	20	implementation	implementation	NOUN
fbem-22318	18	21	effect	effect	NOUN
fbem-22318	18	22	of	of	ADP
fbem-22318	18	23	the	the	DET
fbem-22318	18	24	central	central	ADJ
fbem-22318	18	25	environmental	environmental	PROPN
fbem-22318	18	26	protection	protection	PROPN
fbem-22318	18	27	supervision	supervision	NOUN
fbem-22318	18	28	.	.	PUNCT
fbem-22318	19	1	the	the	DET
fbem-22318	19	2	existing	exist	VERB
fbem-22318	19	3	literature	literature	NOUN
fbem-22318	19	4	research	research	NOUN
fbem-22318	19	5	mainly	mainly	ADV
fbem-22318	19	6	focuses	focus	VERB
fbem-22318	19	7	on	on	ADP
fbem-22318	19	8	the	the	DET
fbem-22318	19	9	pollution	pollution	NOUN
fbem-22318	19	10	control	control	NOUN
fbem-22318	19	11	effect	effect	NOUN
fbem-22318	19	12	of	of	ADP
fbem-22318	19	13	the	the	DET
fbem-22318	19	14	central	central	ADJ
fbem-22318	19	15	environmental	environmental	PROPN
fbem-22318	19	16	protection	protection	PROPN
fbem-22318	19	17	supervision	supervision	NOUN
fbem-22318	19	18	and	and	CCONJ
fbem-22318	19	19	its	its	PRON
fbem-22318	19	20	impact	impact	NOUN
fbem-22318	19	21	on	on	ADP
fbem-22318	19	22	the	the	DET
fbem-22318	19	23	environmental	environmental	ADJ
fbem-22318	19	24	governance	governance	NOUN
fbem-22318	19	25	behavior	behavior	NOUN
fbem-22318	19	26	of	of	ADP
fbem-22318	19	27	enterprises	enterprise	NOUN
fbem-22318	19	28	.	.	PUNCT
fbem-22318	20	1	wang	wang	PROPN
fbem-22318	20	2	ling	ling	PROPN
fbem-22318	20	3	et	et	PROPN
fbem-22318	20	4	al	al	PROPN
fbem-22318	20	5	.	.	PROPN
fbem-22318	21	1	(	(	PUNCT
fbem-22318	21	2	2019	2019	NUM
fbem-22318	21	3	)	)	PUNCT
fbem-22318	21	4	,	,	PUNCT
fbem-22318	21	5	liu	liu	PROPN
fbem-22318	21	6	zhangli	zhangli	PROPN
fbem-22318	21	7	and	and	CCONJ
fbem-22318	21	8	wu	wu	PROPN
fbem-22318	21	9	jiannan	jiannan	PROPN
fbem-22318	21	10	(	(	PUNCT
fbem-22318	21	11	2019	2019	NUM
fbem-22318	21	12	)	)	PUNCT
fbem-22318	21	13	,	,	PUNCT
fbem-22318	21	14	jia	jia	PROPN
fbem-22318	21	15	et	et	PROPN
fbem-22318	21	16	al	al	PROPN
fbem-22318	21	17	.	.	PROPN
fbem-22318	22	1	(	(	PUNCT
fbem-22318	22	2	2019	2019	NUM
fbem-22318	22	3	)	)	PUNCT
fbem-22318	22	4	,	,	PUNCT
fbem-22318	22	5	zhou	zhou	PROPN
fbem-22318	22	6	xiaobo	xiaobo	PROPN
fbem-22318	22	7	and	and	CCONJ
fbem-22318	22	8	ma	ma	PROPN
fbem-22318	22	9	tianming	tianming	NOUN
fbem-22318	22	10	(	(	PUNCT
fbem-22318	22	11	2020	2020	NUM
fbem-22318	22	12	)	)	PUNCT
fbem-22318	22	13	analyzed	analyze	VERB
fbem-22318	22	14	the	the	DET
fbem-22318	22	15	impact	impact	NOUN
fbem-22318	22	16	of	of	ADP
fbem-22318	22	17	the	the	DET
fbem-22318	22	18	first	first	ADJ
fbem-22318	22	19	round	round	NOUN
fbem-22318	22	20	of	of	ADP
fbem-22318	22	21	central	central	ADJ
fbem-22318	22	22	environmental	environmental	ADJ
fbem-22318	22	23	protection	protection	NOUN
fbem-22318	22	24	inspectors	inspector	NOUN
fbem-22318	22	25	on	on	ADP
fbem-22318	22	26	air	air	NOUN
fbem-22318	22	27	quality	quality	NOUN
fbem-22318	22	28	,	,	PUNCT
fbem-22318	22	29	and	and	CCONJ
fbem-22318	22	30	the	the	DET
fbem-22318	22	31	results	result	NOUN
fbem-22318	22	32	all	all	PRON
fbem-22318	22	33	showed	show	VERB
fbem-22318	22	34	that	that	SCONJ
fbem-22318	22	35	central	central	ADJ
fbem-22318	22	36	371	371	NUM
fbem-22318	22	37	environmental	environmental	ADJ
fbem-22318	22	38	protection	protection	NOUN
fbem-22318	22	39	inspectors	inspector	NOUN
fbem-22318	22	40	can	can	AUX
fbem-22318	22	41	effectively	effectively	ADV
fbem-22318	22	42	improve	improve	VERB
fbem-22318	22	43	air	air	NOUN
fbem-22318	22	44	quality	quality	NOUN
fbem-22318	22	45	,	,	PUNCT
fbem-22318	22	46	but	but	CCONJ
fbem-22318	22	47	there	there	PRON
fbem-22318	22	48	are	be	VERB
fbem-22318	22	49	disputes	dispute	NOUN
fbem-22318	22	50	on	on	ADP
fbem-22318	22	51	the	the	DET
fbem-22318	22	52	sustainability	sustainability	NOUN
fbem-22318	22	53	of	of	ADP
fbem-22318	22	54	improvement	improvement	NOUN
fbem-22318	22	55	.	.	PUNCT
fbem-22318	23	1	the	the	DET
fbem-22318	23	2	research	research	NOUN
fbem-22318	23	3	on	on	ADP
fbem-22318	23	4	the	the	DET
fbem-22318	23	5	influence	influence	NOUN
fbem-22318	23	6	of	of	ADP
fbem-22318	23	7	central	central	ADJ
fbem-22318	23	8	environmental	environmental	ADJ
fbem-22318	23	9	supervision	supervision	NOUN
fbem-22318	23	10	on	on	ADP
fbem-22318	23	11	enterprises	enterprise	NOUN
fbem-22318	23	12	'	'	PART
fbem-22318	23	13	environmental	environmental	ADJ
fbem-22318	23	14	governance	governance	NOUN
fbem-22318	23	15	behavior	behavior	NOUN
fbem-22318	23	16	mainly	mainly	ADV
fbem-22318	23	17	focuses	focus	VERB
fbem-22318	23	18	on	on	ADP
fbem-22318	23	19	enterprises	enterprise	NOUN
fbem-22318	23	20	'	'	PART
fbem-22318	23	21	green	green	ADJ
fbem-22318	23	22	innovation	innovation	NOUN
fbem-22318	23	23	and	and	CCONJ
fbem-22318	23	24	enterprises	enterprise	NOUN
fbem-22318	23	25	'	'	PART
fbem-22318	23	26	environmental	environmental	ADJ
fbem-22318	23	27	protection	protection	NOUN
fbem-22318	23	28	investment	investment	NOUN
fbem-22318	23	29	.	.	PUNCT
fbem-22318	24	1	for	for	ADP
fbem-22318	24	2	the	the	DET
fbem-22318	24	3	former	former	ADJ
fbem-22318	24	4	,	,	PUNCT
fbem-22318	24	5	some	some	DET
fbem-22318	24	6	scholars	scholar	NOUN
fbem-22318	24	7	concluded	conclude	VERB
fbem-22318	24	8	that	that	SCONJ
fbem-22318	24	9	the	the	DET
fbem-22318	24	10	first	first	ADJ
fbem-22318	24	11	round	round	NOUN
fbem-22318	24	12	of	of	ADP
fbem-22318	24	13	central	central	ADJ
fbem-22318	24	14	environmental	environmental	PROPN
fbem-22318	24	15	protection	protection	NOUN
fbem-22318	24	16	supervision	supervision	NOUN
fbem-22318	24	17	improved	improve	VERB
fbem-22318	24	18	the	the	DET
fbem-22318	24	19	level	level	NOUN
fbem-22318	24	20	of	of	ADP
fbem-22318	24	21	green	green	ADJ
fbem-22318	24	22	innovation	innovation	NOUN
fbem-22318	24	23	of	of	ADP
fbem-22318	24	24	enterprises	enterprise	NOUN
fbem-22318	24	25	in	in	ADP
fbem-22318	24	26	pollution	pollution	NOUN
fbem-22318	24	27	-	-	PUNCT
fbem-22318	24	28	intensive	intensive	ADJ
fbem-22318	24	29	industries	industry	NOUN
fbem-22318	24	30	(	(	PUNCT
fbem-22318	24	31	li	li	PROPN
fbem-22318	24	32	yihegao	yihegao	PROPN
fbem-22318	24	33	,	,	PUNCT
fbem-22318	24	34	2021	2021	NUM
fbem-22318	24	35	;	;	PUNCT
fbem-22318	24	36	for	for	ADP
fbem-22318	24	37	the	the	DET
fbem-22318	24	38	latter	latter	ADJ
fbem-22318	24	39	,	,	PUNCT
fbem-22318	24	40	yang	yang	PROPN
fbem-22318	24	41	liuyong	liuyong	PROPN
fbem-22318	24	42	,	,	PUNCT
fbem-22318	24	43	zhang	zhang	PROPN
fbem-22318	24	44	zeye	zeye	PROPN
fbem-22318	24	45	and	and	CCONJ
fbem-22318	24	46	zheng	zheng	PROPN
fbem-22318	24	47	jianming	jianming	NOUN
fbem-22318	24	48	(	(	PUNCT
fbem-22318	24	49	2021	2021	NUM
fbem-22318	24	50	)	)	PUNCT
fbem-22318	24	51	found	find	VERB
fbem-22318	24	52	that	that	SCONJ
fbem-22318	24	53	the	the	DET
fbem-22318	24	54	first	first	ADJ
fbem-22318	24	55	round	round	NOUN
fbem-22318	24	56	of	of	ADP
fbem-22318	24	57	central	central	ADJ
fbem-22318	24	58	environmental	environmental	PROPN
fbem-22318	24	59	protection	protection	NOUN
fbem-22318	24	60	supervision	supervision	NOUN
fbem-22318	24	61	has	have	VERB
fbem-22318	24	62	a	a	DET
fbem-22318	24	63	sustained	sustained	ADJ
fbem-22318	24	64	and	and	CCONJ
fbem-22318	24	65	significant	significant	ADJ
fbem-22318	24	66	promoting	promote	VERB
fbem-22318	24	67	effect	effect	NOUN
fbem-22318	24	68	on	on	ADP
fbem-22318	24	69	enterprises	enterprise	NOUN
fbem-22318	24	70	'	'	PART
fbem-22318	24	71	environmental	environmental	ADJ
fbem-22318	24	72	protection	protection	NOUN
fbem-22318	24	73	investment	investment	NOUN
fbem-22318	24	74	.	.	PUNCT
fbem-22318	25	1	only	only	ADV
fbem-22318	25	2	a	a	DET
fbem-22318	25	3	small	small	ADJ
fbem-22318	25	4	number	number	NOUN
fbem-22318	25	5	of	of	ADP
fbem-22318	25	6	scholars	scholar	NOUN
fbem-22318	25	7	have	have	AUX
fbem-22318	25	8	studied	study	VERB
fbem-22318	25	9	the	the	DET
fbem-22318	25	10	impact	impact	NOUN
fbem-22318	25	11	of	of	ADP
fbem-22318	25	12	central	central	ADJ
fbem-22318	25	13	environmental	environmental	ADJ
fbem-22318	25	14	protection	protection	NOUN
fbem-22318	25	15	inspectors	inspector	NOUN
fbem-22318	25	16	on	on	ADP
fbem-22318	25	17	the	the	DET
fbem-22318	25	18	economic	economic	ADJ
fbem-22318	25	19	benefits	benefit	NOUN
fbem-22318	25	20	of	of	ADP
fbem-22318	25	21	enterprises	enterprise	NOUN
fbem-22318	25	22	.	.	PUNCT
fbem-22318	26	1	chen	chen	PROPN
fbem-22318	26	2	renjun	renjun	PROPN
fbem-22318	26	3	and	and	CCONJ
fbem-22318	26	4	xiao	xiao	PROPN
fbem-22318	26	5	qinglan	qinglan	PROPN
fbem-22318	26	6	(	(	PUNCT
fbem-22318	26	7	2019	2019	NUM
fbem-22318	26	8	)	)	PUNCT
fbem-22318	26	9	found	find	VERB
fbem-22318	26	10	that	that	SCONJ
fbem-22318	26	11	the	the	DET
fbem-22318	26	12	first	first	ADJ
fbem-22318	26	13	round	round	NOUN
fbem-22318	26	14	of	of	ADP
fbem-22318	26	15	central	central	ADJ
fbem-22318	26	16	environmental	environmental	ADJ
fbem-22318	26	17	protection	protection	NOUN
fbem-22318	26	18	inspectors	inspector	NOUN
fbem-22318	26	19	can	can	AUX
fbem-22318	26	20	improve	improve	VERB
fbem-22318	26	21	the	the	DET
fbem-22318	26	22	performance	performance	NOUN
fbem-22318	26	23	of	of	ADP
fbem-22318	26	24	industrial	industrial	ADJ
fbem-22318	26	25	enterprises	enterprise	NOUN
fbem-22318	26	26	through	through	ADP
fbem-22318	26	27	innovation	innovation	NOUN
fbem-22318	26	28	.	.	PUNCT
fbem-22318	27	1	to	to	PART
fbem-22318	27	2	sum	sum	VERB
fbem-22318	27	3	up	up	ADP
fbem-22318	27	4	,	,	PUNCT
fbem-22318	27	5	most	most	ADJ
fbem-22318	27	6	scholars	scholar	NOUN
fbem-22318	27	7	in	in	ADP
fbem-22318	27	8	the	the	DET
fbem-22318	27	9	past	past	NOUN
fbem-22318	27	10	used	use	VERB
fbem-22318	27	11	the	the	DET
fbem-22318	27	12	first	first	ADJ
fbem-22318	27	13	round	round	NOUN
fbem-22318	27	14	of	of	ADP
fbem-22318	27	15	central	central	ADJ
fbem-22318	27	16	environmental	environmental	ADJ
fbem-22318	27	17	protection	protection	NOUN
fbem-22318	27	18	inspectors	inspector	NOUN
fbem-22318	27	19	as	as	ADP
fbem-22318	27	20	the	the	DET
fbem-22318	27	21	impact	impact	NOUN
fbem-22318	27	22	point	point	NOUN
fbem-22318	27	23	of	of	ADP
fbem-22318	27	24	environmental	environmental	ADJ
fbem-22318	27	25	policies	policy	NOUN
fbem-22318	27	26	to	to	PART
fbem-22318	27	27	study	study	VERB
fbem-22318	27	28	the	the	DET
fbem-22318	27	29	pollution	pollution	NOUN
fbem-22318	27	30	control	control	NOUN
fbem-22318	27	31	effect	effect	NOUN
fbem-22318	27	32	of	of	ADP
fbem-22318	27	33	central	central	ADJ
fbem-22318	27	34	environmental	environmental	ADJ
fbem-22318	27	35	protection	protection	NOUN
fbem-22318	27	36	inspectors	inspector	NOUN
fbem-22318	27	37	,	,	PUNCT
fbem-22318	27	38	the	the	DET
fbem-22318	27	39	impact	impact	NOUN
fbem-22318	27	40	on	on	ADP
fbem-22318	27	41	enterprises	enterprise	NOUN
fbem-22318	27	42	'	'	PART
fbem-22318	27	43	environmental	environmental	ADJ
fbem-22318	27	44	governance	governance	NOUN
fbem-22318	27	45	behavior	behavior	NOUN
fbem-22318	27	46	and	and	CCONJ
fbem-22318	27	47	the	the	DET
fbem-22318	27	48	impact	impact	NOUN
fbem-22318	27	49	on	on	ADP
fbem-22318	27	50	enterprises	enterprise	NOUN
fbem-22318	27	51	'	'	PART
fbem-22318	27	52	economic	economic	ADJ
fbem-22318	27	53	benefits	benefit	NOUN
fbem-22318	27	54	,	,	PUNCT
fbem-22318	27	55	while	while	SCONJ
fbem-22318	27	56	few	few	ADJ
fbem-22318	27	57	studied	study	VERB
fbem-22318	27	58	the	the	DET
fbem-22318	27	59	implementation	implementation	NOUN
fbem-22318	27	60	effect	effect	NOUN
fbem-22318	27	61	of	of	ADP
fbem-22318	27	62	the	the	DET
fbem-22318	27	63	second	second	ADJ
fbem-22318	27	64	round	round	NOUN
fbem-22318	27	65	of	of	ADP
fbem-22318	27	66	central	central	ADJ
fbem-22318	27	67	environmental	environmental	ADJ
fbem-22318	27	68	protection	protection	NOUN
fbem-22318	27	69	inspectors	inspector	NOUN
fbem-22318	27	70	.	.	PUNCT
fbem-22318	28	1	in	in	ADP
fbem-22318	28	2	addition	addition	NOUN
fbem-22318	28	3	,	,	PUNCT
fbem-22318	28	4	the	the	DET
fbem-22318	28	5	main	main	ADJ
fbem-22318	28	6	objects	object	NOUN
fbem-22318	28	7	of	of	ADP
fbem-22318	28	8	previous	previous	ADJ
fbem-22318	28	9	studies	study	NOUN
fbem-22318	28	10	were	be	AUX
fbem-22318	28	11	mostly	mostly	ADV
fbem-22318	28	12	high	high	ADJ
fbem-22318	28	13	-	-	PUNCT
fbem-22318	28	14	polluting	pollute	VERB
fbem-22318	28	15	enterprises	enterprise	NOUN
fbem-22318	28	16	,	,	PUNCT
fbem-22318	28	17	and	and	CCONJ
fbem-22318	28	18	few	few	ADJ
fbem-22318	28	19	literatures	literature	NOUN
fbem-22318	28	20	studied	study	VERB
fbem-22318	28	21	the	the	DET
fbem-22318	28	22	impact	impact	NOUN
fbem-22318	28	23	of	of	ADP
fbem-22318	28	24	central	central	ADJ
fbem-22318	28	25	environmental	environmental	ADJ
fbem-22318	28	26	protection	protection	NOUN
fbem-22318	28	27	supervision	supervision	NOUN
fbem-22318	28	28	on	on	ADP
fbem-22318	28	29	the	the	DET
fbem-22318	28	30	economic	economic	ADJ
fbem-22318	28	31	benefits	benefit	NOUN
fbem-22318	28	32	of	of	ADP
fbem-22318	28	33	environmental	environmental	ADJ
fbem-22318	28	34	protection	protection	NOUN
fbem-22318	28	35	enterprises	enterprise	NOUN
fbem-22318	28	36	.	.	PUNCT
fbem-22318	29	1	in	in	ADP
fbem-22318	29	2	the	the	DET
fbem-22318	29	3	process	process	NOUN
fbem-22318	29	4	of	of	ADP
fbem-22318	29	5	ecological	ecological	ADJ
fbem-22318	29	6	environment	environment	NOUN
fbem-22318	29	7	governance	governance	NOUN
fbem-22318	29	8	and	and	CCONJ
fbem-22318	29	9	green	green	ADJ
fbem-22318	29	10	and	and	CCONJ
fbem-22318	29	11	low	low	ADJ
fbem-22318	29	12	-	-	PUNCT
fbem-22318	29	13	carbon	carbon	NOUN
fbem-22318	29	14	transformation	transformation	NOUN
fbem-22318	29	15	,	,	PUNCT
fbem-22318	29	16	the	the	DET
fbem-22318	29	17	resource	resource	NOUN
fbem-22318	29	18	-	-	PUNCT
fbem-22318	29	19	saving	save	VERB
fbem-22318	29	20	and	and	CCONJ
fbem-22318	29	21	environment	environment	NOUN
fbem-22318	29	22	-	-	PUNCT
fbem-22318	29	23	friendly	friendly	ADJ
fbem-22318	29	24	products	product	NOUN
fbem-22318	29	25	and	and	CCONJ
fbem-22318	29	26	services	service	NOUN
fbem-22318	29	27	provided	provide	VERB
fbem-22318	29	28	by	by	ADP
fbem-22318	29	29	environmental	environmental	ADJ
fbem-22318	29	30	protection	protection	NOUN
fbem-22318	29	31	enterprises	enterprise	NOUN
fbem-22318	29	32	are	be	AUX
fbem-22318	29	33	particularly	particularly	ADV
fbem-22318	29	34	critical	critical	ADJ
fbem-22318	29	35	.	.	PUNCT
fbem-22318	30	1	environmental	environmental	ADJ
fbem-22318	30	2	protection	protection	NOUN
fbem-22318	30	3	enterprises	enterprise	NOUN
fbem-22318	30	4	play	play	VERB
fbem-22318	30	5	a	a	DET
fbem-22318	30	6	vital	vital	ADJ
fbem-22318	30	7	role	role	NOUN
fbem-22318	30	8	in	in	ADP
fbem-22318	30	9	improving	improve	VERB
fbem-22318	30	10	ecological	ecological	ADJ
fbem-22318	30	11	environment	environment	NOUN
fbem-22318	30	12	governance	governance	NOUN
fbem-22318	30	13	and	and	CCONJ
fbem-22318	30	14	achieving	achieve	VERB
fbem-22318	30	15	green	green	ADJ
fbem-22318	30	16	development	development	NOUN
fbem-22318	30	17	.	.	PUNCT
fbem-22318	31	1	therefore	therefore	ADV
fbem-22318	31	2	,	,	PUNCT
fbem-22318	31	3	under	under	ADP
fbem-22318	31	4	the	the	DET
fbem-22318	31	5	background	background	NOUN
fbem-22318	31	6	of	of	ADP
fbem-22318	31	7	the	the	DET
fbem-22318	31	8	requirements	requirement	NOUN
fbem-22318	31	9	of	of	ADP
fbem-22318	31	10	ecological	ecological	ADJ
fbem-22318	31	11	and	and	CCONJ
fbem-22318	31	12	environmental	environmental	ADJ
fbem-22318	31	13	governance	governance	NOUN
fbem-22318	31	14	in	in	ADP
fbem-22318	31	15	the	the	DET
fbem-22318	31	16	new	new	ADJ
fbem-22318	31	17	era	era	NOUN
fbem-22318	31	18	and	and	CCONJ
fbem-22318	31	19	the	the	DET
fbem-22318	31	20	green	green	ADJ
fbem-22318	31	21	transformation	transformation	NOUN
fbem-22318	31	22	of	of	ADP
fbem-22318	31	23	development	development	NOUN
fbem-22318	31	24	mode	mode	NOUN
fbem-22318	31	25	,	,	PUNCT
fbem-22318	31	26	this	this	DET
fbem-22318	31	27	paper	paper	NOUN
fbem-22318	31	28	makes	make	VERB
fbem-22318	31	29	a	a	DET
fbem-22318	31	30	pioneering	pioneer	VERB
fbem-22318	31	31	study	study	NOUN
fbem-22318	31	32	on	on	ADP
fbem-22318	31	33	the	the	DET
fbem-22318	31	34	impact	impact	NOUN
fbem-22318	31	35	of	of	ADP
fbem-22318	31	36	the	the	DET
fbem-22318	31	37	second	second	ADJ
fbem-22318	31	38	round	round	NOUN
fbem-22318	31	39	of	of	ADP
fbem-22318	31	40	central	central	ADJ
fbem-22318	31	41	environmental	environmental	ADJ
fbem-22318	31	42	protection	protection	NOUN
fbem-22318	31	43	supervision	supervision	NOUN
fbem-22318	31	44	on	on	ADP
fbem-22318	31	45	the	the	DET
fbem-22318	31	46	performance	performance	NOUN
fbem-22318	31	47	of	of	ADP
fbem-22318	31	48	listed	list	VERB
fbem-22318	31	49	environmental	environmental	ADJ
fbem-22318	31	50	protection	protection	NOUN
fbem-22318	31	51	companies	company	NOUN
fbem-22318	31	52	and	and	CCONJ
fbem-22318	31	53	the	the	DET
fbem-22318	31	54	mechanism	mechanism	NOUN
fbem-22318	31	55	principle	principle	NOUN
fbem-22318	31	56	.	.	PUNCT
fbem-22318	32	1	it	it	PRON
fbem-22318	32	2	helps	help	VERB
fbem-22318	32	3	us	we	PRON
fbem-22318	32	4	to	to	PART
fbem-22318	32	5	understand	understand	VERB
fbem-22318	32	6	the	the	DET
fbem-22318	32	7	development	development	NOUN
fbem-22318	32	8	status	status	NOUN
fbem-22318	32	9	of	of	ADP
fbem-22318	32	10	environmental	environmental	ADJ
fbem-22318	32	11	protection	protection	NOUN
fbem-22318	32	12	enterprises	enterprise	NOUN
fbem-22318	32	13	,	,	PUNCT
fbem-22318	32	14	understand	understand	VERB
fbem-22318	32	15	the	the	DET
fbem-22318	32	16	problems	problem	NOUN
fbem-22318	32	17	encountered	encounter	VERB
fbem-22318	32	18	in	in	ADP
fbem-22318	32	19	the	the	DET
fbem-22318	32	20	operation	operation	NOUN
fbem-22318	32	21	of	of	ADP
fbem-22318	32	22	environmental	environmental	ADJ
fbem-22318	32	23	protection	protection	NOUN
fbem-22318	32	24	enterprises	enterprise	NOUN
fbem-22318	32	25	,	,	PUNCT
fbem-22318	32	26	and	and	CCONJ
fbem-22318	32	27	provide	provide	VERB
fbem-22318	32	28	good	good	ADJ
fbem-22318	32	29	environmental	environmental	ADJ
fbem-22318	32	30	policy	policy	NOUN
fbem-22318	32	31	suggestions	suggestion	NOUN
fbem-22318	32	32	for	for	ADP
fbem-22318	32	33	the	the	DET
fbem-22318	32	34	healthy	healthy	ADJ
fbem-22318	32	35	development	development	NOUN
fbem-22318	32	36	of	of	ADP
fbem-22318	32	37	environmental	environmental	ADJ
fbem-22318	32	38	protection	protection	NOUN
fbem-22318	32	39	enterprises	enterprise	NOUN
fbem-22318	32	40	in	in	ADP
fbem-22318	32	41	the	the	DET
fbem-22318	32	42	future	future	NOUN
fbem-22318	32	43	,	,	PUNCT
fbem-22318	32	44	so	so	SCONJ
fbem-22318	32	45	as	as	SCONJ
fbem-22318	32	46	to	to	PART
fbem-22318	32	47	better	well	ADV
fbem-22318	32	48	strengthen	strengthen	VERB
fbem-22318	32	49	the	the	DET
fbem-22318	32	50	supporting	support	VERB
fbem-22318	32	51	role	role	NOUN
fbem-22318	32	52	of	of	ADP
fbem-22318	32	53	environmental	environmental	ADJ
fbem-22318	32	54	protection	protection	NOUN
fbem-22318	32	55	industry	industry	NOUN
fbem-22318	32	56	in	in	ADP
fbem-22318	32	57	building	build	VERB
fbem-22318	32	58	a	a	DET
fbem-22318	32	59	modern	modern	ADJ
fbem-22318	32	60	environmental	environmental	ADJ
fbem-22318	32	61	governance	governance	NOUN
fbem-22318	32	62	system	system	NOUN
fbem-22318	32	63	and	and	CCONJ
fbem-22318	32	64	achieving	achieve	VERB
fbem-22318	32	65	green	green	ADJ
fbem-22318	32	66	development	development	NOUN
fbem-22318	32	67	.	.	PUNCT
fbem-22318	33	1	based	base	VERB
fbem-22318	33	2	on	on	ADP
fbem-22318	33	3	this	this	PRON
fbem-22318	33	4	,	,	PUNCT
fbem-22318	33	5	this	this	DET
fbem-22318	33	6	paper	paper	NOUN
fbem-22318	33	7	takes	take	VERB
fbem-22318	33	8	the	the	DET
fbem-22318	33	9	"	"	PUNCT
fbem-22318	33	10	regulations	regulation	NOUN
fbem-22318	33	11	on	on	ADP
fbem-22318	33	12	the	the	DET
fbem-22318	33	13	supervision	supervision	NOUN
fbem-22318	33	14	of	of	ADP
fbem-22318	33	15	central	central	ADJ
fbem-22318	33	16	ecological	ecological	ADJ
fbem-22318	33	17	and	and	CCONJ
fbem-22318	33	18	environmental	environmental	ADJ
fbem-22318	33	19	protection	protection	NOUN
fbem-22318	33	20	"	"	PUNCT
fbem-22318	33	21	formulated	formulate	VERB
fbem-22318	33	22	and	and	CCONJ
fbem-22318	33	23	promulgated	promulgate	VERB
fbem-22318	33	24	on	on	ADP
fbem-22318	33	25	june	june	PROPN
fbem-22318	33	26	6	6	NUM
fbem-22318	33	27	,	,	PUNCT
fbem-22318	33	28	2019	2019	NUM
fbem-22318	33	29	as	as	ADP
fbem-22318	33	30	a	a	DET
fbem-22318	33	31	quasi	quasi	ADJ
fbem-22318	33	32	-	-	ADJ
fbem-22318	33	33	natural	natural	ADJ
fbem-22318	33	34	experiment	experiment	NOUN
fbem-22318	33	35	,	,	PUNCT
fbem-22318	33	36	takes	take	VERB
fbem-22318	33	37	china	china	PROPN
fbem-22318	33	38	's	's	PART
fbem-22318	33	39	a	a	DET
fbem-22318	33	40	-	-	PUNCT
fbem-22318	33	41	share	share	NOUN
fbem-22318	33	42	environmental	environmental	ADJ
fbem-22318	33	43	protection	protection	NOUN
fbem-22318	33	44	listed	list	VERB
fbem-22318	33	45	companies	company	NOUN
fbem-22318	33	46	and	and	CCONJ
fbem-22318	33	47	nonenvironmental	nonenvironmental	ADJ
fbem-22318	33	48	protection	protection	PROPN
fbem-22318	33	49	general	general	ADJ
fbem-22318	33	50	listed	list	VERB
fbem-22318	33	51	companies	company	NOUN
fbem-22318	33	52	in	in	ADP
fbem-22318	33	53	their	their	PRON
fbem-22318	33	54	industries	industry	NOUN
fbem-22318	33	55	as	as	ADP
fbem-22318	33	56	research	research	NOUN
fbem-22318	33	57	objects	object	NOUN
fbem-22318	33	58	,	,	PUNCT
fbem-22318	33	59	and	and	CCONJ
fbem-22318	33	60	uses	use	VERB
fbem-22318	33	61	the	the	DET
fbem-22318	33	62	differential	differential	ADJ
fbem-22318	33	63	differential	differential	NOUN
fbem-22318	33	64	method	method	NOUN
fbem-22318	33	65	to	to	PART
fbem-22318	33	66	investigate	investigate	VERB
fbem-22318	33	67	the	the	DET
fbem-22318	33	68	impact	impact	NOUN
fbem-22318	33	69	of	of	ADP
fbem-22318	33	70	the	the	DET
fbem-22318	33	71	second	second	ADJ
fbem-22318	33	72	round	round	NOUN
fbem-22318	33	73	of	of	ADP
fbem-22318	33	74	central	central	ADJ
fbem-22318	33	75	environmental	environmental	ADJ
fbem-22318	33	76	protection	protection	NOUN
fbem-22318	33	77	supervision	supervision	NOUN
fbem-22318	33	78	on	on	ADP
fbem-22318	33	79	the	the	DET
fbem-22318	33	80	performance	performance	NOUN
fbem-22318	33	81	of	of	ADP
fbem-22318	33	82	environmental	environmental	ADJ
fbem-22318	33	83	protection	protection	NOUN
fbem-22318	33	84	listed	list	VERB
fbem-22318	33	85	companies	company	NOUN
fbem-22318	33	86	.	.	PUNCT
fbem-22318	34	1	compared	compare	VERB
fbem-22318	34	2	with	with	ADP
fbem-22318	34	3	existing	exist	VERB
fbem-22318	34	4	literatures	literature	NOUN
fbem-22318	34	5	,	,	PUNCT
fbem-22318	34	6	the	the	DET
fbem-22318	34	7	possible	possible	ADJ
fbem-22318	34	8	research	research	NOUN
fbem-22318	34	9	contributions	contribution	NOUN
fbem-22318	34	10	of	of	ADP
fbem-22318	34	11	this	this	DET
fbem-22318	34	12	paper	paper	NOUN
fbem-22318	34	13	are	be	AUX
fbem-22318	34	14	as	as	SCONJ
fbem-22318	34	15	follows	follow	VERB
fbem-22318	34	16	:	:	PUNCT
fbem-22318	34	17	first	first	ADV
fbem-22318	34	18	,	,	PUNCT
fbem-22318	34	19	based	base	VERB
fbem-22318	34	20	on	on	ADP
fbem-22318	34	21	the	the	DET
fbem-22318	34	22	micro	micro	NOUN
fbem-22318	34	23	-	-	NOUN
fbem-22318	34	24	enterprise	enterprise	ADJ
fbem-22318	34	25	level	level	NOUN
fbem-22318	34	26	,	,	PUNCT
fbem-22318	34	27	this	this	DET
fbem-22318	34	28	paper	paper	NOUN
fbem-22318	34	29	reveals	reveal	VERB
fbem-22318	34	30	the	the	DET
fbem-22318	34	31	impact	impact	NOUN
fbem-22318	34	32	and	and	CCONJ
fbem-22318	34	33	mechanism	mechanism	NOUN
fbem-22318	34	34	of	of	ADP
fbem-22318	34	35	central	central	ADJ
fbem-22318	34	36	environmental	environmental	ADJ
fbem-22318	34	37	protection	protection	NOUN
fbem-22318	34	38	inspectors	inspector	NOUN
fbem-22318	34	39	on	on	ADP
fbem-22318	34	40	the	the	DET
fbem-22318	34	41	performance	performance	NOUN
fbem-22318	34	42	of	of	ADP
fbem-22318	34	43	environmental	environmental	ADJ
fbem-22318	34	44	protection	protection	NOUN
fbem-22318	34	45	enterprises	enterprise	NOUN
fbem-22318	34	46	,	,	PUNCT
fbem-22318	34	47	expands	expand	VERB
fbem-22318	34	48	and	and	CCONJ
fbem-22318	34	49	enrichis	enrichis	DET
fbem-22318	34	50	the	the	DET
fbem-22318	34	51	research	research	NOUN
fbem-22318	34	52	on	on	ADP
fbem-22318	34	53	the	the	DET
fbem-22318	34	54	policy	policy	NOUN
fbem-22318	34	55	effect	effect	NOUN
fbem-22318	34	56	of	of	ADP
fbem-22318	34	57	central	central	ADJ
fbem-22318	34	58	environmental	environmental	ADJ
fbem-22318	34	59	protection	protection	NOUN
fbem-22318	34	60	inspectors	inspector	NOUN
fbem-22318	34	61	and	and	CCONJ
fbem-22318	34	62	the	the	DET
fbem-22318	34	63	performance	performance	NOUN
fbem-22318	34	64	of	of	ADP
fbem-22318	34	65	environmental	environmental	ADJ
fbem-22318	34	66	protection	protection	NOUN
fbem-22318	34	67	enterprises	enterprise	NOUN
fbem-22318	34	68	,	,	PUNCT
fbem-22318	34	69	and	and	CCONJ
fbem-22318	34	70	helps	help	VERB
fbem-22318	34	71	to	to	PART
fbem-22318	34	72	understand	understand	VERB
fbem-22318	34	73	the	the	DET
fbem-22318	34	74	role	role	NOUN
fbem-22318	34	75	of	of	ADP
fbem-22318	34	76	local	local	ADJ
fbem-22318	34	77	governments	government	NOUN
fbem-22318	34	78	and	and	CCONJ
fbem-22318	34	79	microenterprises	microenterprise	NOUN
fbem-22318	34	80	in	in	ADP
fbem-22318	34	81	environmental	environmental	ADJ
fbem-22318	34	82	governance	governance	NOUN
fbem-22318	34	83	.	.	PUNCT
fbem-22318	35	1	second	second	ADJ
fbem-22318	35	2	,	,	PUNCT
fbem-22318	35	3	this	this	DET
fbem-22318	35	4	paper	paper	NOUN
fbem-22318	35	5	makes	make	VERB
fbem-22318	35	6	a	a	DET
fbem-22318	35	7	pioneering	pioneer	VERB
fbem-22318	35	8	study	study	NOUN
fbem-22318	35	9	of	of	ADP
fbem-22318	35	10	the	the	DET
fbem-22318	35	11	impact	impact	NOUN
fbem-22318	35	12	of	of	ADP
fbem-22318	35	13	the	the	DET
fbem-22318	35	14	second	second	ADJ
fbem-22318	35	15	round	round	NOUN
fbem-22318	35	16	of	of	ADP
fbem-22318	35	17	environmental	environmental	ADJ
fbem-22318	35	18	protection	protection	NOUN
fbem-22318	35	19	inspectors	inspector	NOUN
fbem-22318	35	20	on	on	ADP
fbem-22318	35	21	the	the	DET
fbem-22318	35	22	performance	performance	NOUN
fbem-22318	35	23	of	of	ADP
fbem-22318	35	24	environmental	environmental	ADJ
fbem-22318	35	25	protection	protection	NOUN
fbem-22318	35	26	enterprises	enterprise	NOUN
fbem-22318	35	27	,	,	PUNCT
fbem-22318	35	28	and	and	CCONJ
fbem-22318	35	29	conducts	conduct	VERB
fbem-22318	35	30	a	a	DET
fbem-22318	35	31	heterogeneity	heterogeneity	NOUN
fbem-22318	35	32	analysis	analysis	NOUN
fbem-22318	35	33	from	from	ADP
fbem-22318	35	34	three	three	NUM
fbem-22318	35	35	aspects	aspect	NOUN
fbem-22318	35	36	:	:	PUNCT
fbem-22318	35	37	enterprise	enterprise	NOUN
fbem-22318	35	38	ownership	ownership	NOUN
fbem-22318	35	39	,	,	PUNCT
fbem-22318	35	40	scale	scale	NOUN
fbem-22318	35	41	and	and	CCONJ
fbem-22318	35	42	regional	regional	ADJ
fbem-22318	35	43	investment	investment	NOUN
fbem-22318	35	44	in	in	ADP
fbem-22318	35	45	environmental	environmental	ADJ
fbem-22318	35	46	protection	protection	NOUN
fbem-22318	35	47	governance	governance	NOUN
fbem-22318	35	48	.	.	PUNCT
fbem-22318	36	1	the	the	DET
fbem-22318	36	2	research	research	NOUN
fbem-22318	36	3	conclusion	conclusion	NOUN
fbem-22318	36	4	is	be	AUX
fbem-22318	36	5	timely	timely	ADJ
fbem-22318	36	6	and	and	CCONJ
fbem-22318	36	7	innovative	innovative	ADJ
fbem-22318	36	8	.	.	PUNCT
fbem-22318	37	1	third	third	ADJ
fbem-22318	37	2	,	,	PUNCT
fbem-22318	37	3	central	central	ADJ
fbem-22318	37	4	environmental	environmental	ADJ
fbem-22318	37	5	protection	protection	NOUN
fbem-22318	37	6	inspectors	inspector	NOUN
fbem-22318	37	7	with	with	ADP
fbem-22318	37	8	"	"	PUNCT
fbem-22318	37	9	supervision	supervision	NOUN
fbem-22318	37	10	"	"	PUNCT
fbem-22318	37	11	as	as	SCONJ
fbem-22318	37	12	the	the	DET
fbem-22318	37	13	core	core	NOUN
fbem-22318	37	14	is	be	AUX
fbem-22318	37	15	a	a	DET
fbem-22318	37	16	major	major	ADJ
fbem-22318	37	17	institutional	institutional	ADJ
fbem-22318	37	18	innovation	innovation	NOUN
fbem-22318	37	19	in	in	ADP
fbem-22318	37	20	china	china	PROPN
fbem-22318	37	21	's	's	PART
fbem-22318	37	22	ecological	ecological	ADJ
fbem-22318	37	23	civilization	civilization	NOUN
fbem-22318	37	24	construction	construction	NOUN
fbem-22318	37	25	.	.	PUNCT
fbem-22318	38	1	this	this	DET
fbem-22318	38	2	paper	paper	NOUN
fbem-22318	38	3	provides	provide	VERB
fbem-22318	38	4	empirical	empirical	ADJ
fbem-22318	38	5	evidence	evidence	NOUN
fbem-22318	38	6	on	on	ADP
fbem-22318	38	7	vertical	vertical	ADJ
fbem-22318	38	8	environmental	environmental	PROPN
fbem-22318	38	9	protection	protection	NOUN
fbem-22318	38	10	management	management	NOUN
fbem-22318	38	11	by	by	ADP
fbem-22318	38	12	examining	examine	VERB
fbem-22318	38	13	the	the	DET
fbem-22318	38	14	environmental	environmental	ADJ
fbem-22318	38	15	governance	governance	NOUN
fbem-22318	38	16	effects	effect	NOUN
fbem-22318	38	17	of	of	ADP
fbem-22318	38	18	the	the	DET
fbem-22318	38	19	second	second	ADJ
fbem-22318	38	20	round	round	NOUN
fbem-22318	38	21	of	of	ADP
fbem-22318	38	22	central	central	ADJ
fbem-22318	38	23	environmental	environmental	ADJ
fbem-22318	38	24	protection	protection	NOUN
fbem-22318	38	25	inspectors	inspector	NOUN
fbem-22318	38	26	,	,	PUNCT
fbem-22318	38	27	and	and	CCONJ
fbem-22318	38	28	provides	provide	VERB
fbem-22318	38	29	policy	policy	NOUN
fbem-22318	38	30	inspiration	inspiration	NOUN
fbem-22318	38	31	for	for	ADP
fbem-22318	38	32	the	the	DET
fbem-22318	38	33	subsequent	subsequent	ADJ
fbem-22318	38	34	promotion	promotion	NOUN
fbem-22318	38	35	of	of	ADP
fbem-22318	38	36	environmental	environmental	ADJ
fbem-22318	38	37	protection	protection	NOUN
fbem-22318	38	38	inspectors	inspector	NOUN
fbem-22318	38	39	,	,	PUNCT
fbem-22318	38	40	the	the	DET
fbem-22318	38	41	construction	construction	NOUN
fbem-22318	38	42	of	of	ADP
fbem-22318	38	43	environmental	environmental	ADJ
fbem-22318	38	44	governance	governance	NOUN
fbem-22318	38	45	system	system	NOUN
fbem-22318	38	46	and	and	CCONJ
fbem-22318	38	47	the	the	DET
fbem-22318	38	48	implementation	implementation	NOUN
fbem-22318	38	49	of	of	ADP
fbem-22318	38	50	other	other	ADJ
fbem-22318	38	51	areas	area	NOUN
fbem-22318	38	52	of	of	ADP
fbem-22318	38	53	supervision	supervision	NOUN
fbem-22318	38	54	work	work	NOUN
fbem-22318	38	55	.	.	PUNCT
fbem-22318	39	1	2	2	X
fbem-22318	39	2	.	.	X
fbem-22318	39	3	research	research	NOUN
fbem-22318	39	4	hypothesis	hypothesis	NOUN
fbem-22318	39	5	2.1	2.1	NUM
fbem-22318	39	6	.	.	PUNCT
fbem-22318	40	1	central	central	ADJ
fbem-22318	40	2	environmental	environmental	ADJ
fbem-22318	40	3	supervision	supervision	NOUN
fbem-22318	40	4	and	and	CCONJ
fbem-22318	40	5	the	the	DET
fbem-22318	40	6	performance	performance	NOUN
fbem-22318	40	7	of	of	ADP
fbem-22318	40	8	environmental	environmental	ADJ
fbem-22318	40	9	listed	list	VERB
fbem-22318	40	10	companies	company	NOUN
fbem-22318	40	11	in	in	ADP
fbem-22318	40	12	the	the	DET
fbem-22318	40	13	context	context	NOUN
fbem-22318	40	14	of	of	ADP
fbem-22318	40	15	the	the	DET
fbem-22318	40	16	second	second	ADJ
fbem-22318	40	17	round	round	NOUN
fbem-22318	40	18	of	of	ADP
fbem-22318	40	19	central	central	ADJ
fbem-22318	40	20	environmental	environmental	ADJ
fbem-22318	40	21	inspection	inspection	NOUN
fbem-22318	40	22	work	work	NOUN
fbem-22318	40	23	launched	launch	VERB
fbem-22318	40	24	,	,	PUNCT
fbem-22318	40	25	high	high	ADJ
fbem-22318	40	26	-	-	PUNCT
fbem-22318	40	27	polluting	pollute	VERB
fbem-22318	40	28	enterprises	enterprise	NOUN
fbem-22318	40	29	will	will	AUX
fbem-22318	40	30	inevitably	inevitably	ADV
fbem-22318	40	31	increase	increase	VERB
fbem-22318	40	32	the	the	DET
fbem-22318	40	33	demand	demand	NOUN
fbem-22318	40	34	for	for	ADP
fbem-22318	40	35	products	product	NOUN
fbem-22318	40	36	and	and	CCONJ
fbem-22318	40	37	services	service	NOUN
fbem-22318	40	38	provided	provide	VERB
fbem-22318	40	39	by	by	ADP
fbem-22318	40	40	environmental	environmental	ADJ
fbem-22318	40	41	protection	protection	NOUN
fbem-22318	40	42	enterprises	enterprise	NOUN
fbem-22318	40	43	.	.	PUNCT
fbem-22318	41	1	the	the	DET
fbem-22318	41	2	normalization	normalization	NOUN
fbem-22318	41	3	of	of	ADP
fbem-22318	41	4	environmental	environmental	ADJ
fbem-22318	41	5	protection	protection	NOUN
fbem-22318	41	6	"	"	PUNCT
fbem-22318	41	7	supervision	supervision	NOUN
fbem-22318	41	8	high	high	ADJ
fbem-22318	41	9	pressure	pressure	NOUN
fbem-22318	41	10	"	"	PUNCT
fbem-22318	41	11	and	and	CCONJ
fbem-22318	41	12	the	the	DET
fbem-22318	41	13	continuous	continuous	ADJ
fbem-22318	41	14	improvement	improvement	NOUN
fbem-22318	41	15	of	of	ADP
fbem-22318	41	16	environmental	environmental	ADJ
fbem-22318	41	17	management	management	NOUN
fbem-22318	41	18	mechanism	mechanism	NOUN
fbem-22318	41	19	have	have	AUX
fbem-22318	41	20	spawned	spawn	VERB
fbem-22318	41	21	the	the	DET
fbem-22318	41	22	transformation	transformation	NOUN
fbem-22318	41	23	of	of	ADP
fbem-22318	41	24	potential	potential	ADJ
fbem-22318	41	25	environmental	environmental	ADJ
fbem-22318	41	26	protection	protection	NOUN
fbem-22318	41	27	market	market	NOUN
fbem-22318	41	28	demand	demand	NOUN
fbem-22318	41	29	.	.	PUNCT
fbem-22318	42	1	as	as	ADP
fbem-22318	42	2	a	a	DET
fbem-22318	42	3	result	result	NOUN
fbem-22318	42	4	,	,	PUNCT
fbem-22318	42	5	overconfident	overconfident	ADJ
fbem-22318	42	6	managers	manager	NOUN
fbem-22318	42	7	may	may	AUX
fbem-22318	42	8	develop	develop	VERB
fbem-22318	42	9	the	the	DET
fbem-22318	42	10	illusion	illusion	NOUN
fbem-22318	42	11	that	that	SCONJ
fbem-22318	42	12	expanding	expand	VERB
fbem-22318	42	13	the	the	DET
fbem-22318	42	14	size	size	NOUN
fbem-22318	42	15	of	of	ADP
fbem-22318	42	16	the	the	DET
fbem-22318	42	17	enterprise	enterprise	NOUN
fbem-22318	42	18	can	can	AUX
fbem-22318	42	19	improve	improve	VERB
fbem-22318	42	20	the	the	DET
fbem-22318	42	21	performance	performance	NOUN
fbem-22318	42	22	and	and	CCONJ
fbem-22318	42	23	value	value	NOUN
fbem-22318	42	24	of	of	ADP
fbem-22318	42	25	the	the	DET
fbem-22318	42	26	enterprise	enterprise	NOUN
fbem-22318	42	27	.	.	PUNCT
fbem-22318	43	1	overconfidence	overconfidence	NOUN
fbem-22318	43	2	,	,	PUNCT
fbem-22318	43	3	as	as	ADP
fbem-22318	43	4	a	a	DET
fbem-22318	43	5	kind	kind	NOUN
fbem-22318	43	6	of	of	ADP
fbem-22318	43	7	psychological	psychological	ADJ
fbem-22318	43	8	cognitive	cognitive	ADJ
fbem-22318	43	9	bias	bias	NOUN
fbem-22318	43	10	,	,	PUNCT
fbem-22318	43	11	usually	usually	ADV
fbem-22318	43	12	causes	cause	VERB
fbem-22318	43	13	managers	manager	NOUN
fbem-22318	43	14	to	to	PART
fbem-22318	43	15	overestimate	overestimate	VERB
fbem-22318	43	16	income	income	NOUN
fbem-22318	43	17	,	,	PUNCT
fbem-22318	43	18	underestimate	underestimate	ADJ
fbem-22318	43	19	risk	risk	NOUN
fbem-22318	43	20	and	and	CCONJ
fbem-22318	43	21	cost	cost	NOUN
fbem-22318	43	22	during	during	ADP
fbem-22318	43	23	project	project	NOUN
fbem-22318	43	24	evaluation	evaluation	NOUN
fbem-22318	43	25	,	,	PUNCT
fbem-22318	43	26	generate	generate	VERB
fbem-22318	43	27	the	the	DET
fbem-22318	43	28	illusion	illusion	NOUN
fbem-22318	43	29	of	of	ADP
fbem-22318	43	30	control	control	NOUN
fbem-22318	43	31	,	,	PUNCT
fbem-22318	43	32	overestimate	overestimate	VERB
fbem-22318	43	33	their	their	PRON
fbem-22318	43	34	ability	ability	NOUN
fbem-22318	43	35	to	to	PART
fbem-22318	43	36	control	control	VERB
fbem-22318	43	37	the	the	DET
fbem-22318	43	38	situation	situation	NOUN
fbem-22318	43	39	and	and	CCONJ
fbem-22318	43	40	operation	operation	NOUN
fbem-22318	43	41	and	and	CCONJ
fbem-22318	43	42	management	management	NOUN
fbem-22318	43	43	,	,	PUNCT
fbem-22318	43	44	and	and	CCONJ
fbem-22318	43	45	then	then	ADV
fbem-22318	43	46	adopt	adopt	VERB
fbem-22318	43	47	radical	radical	ADJ
fbem-22318	43	48	investment	investment	NOUN
fbem-22318	43	49	strategies	strategy	NOUN
fbem-22318	43	50	(	(	PUNCT
fbem-22318	43	51	ye	ye	NOUN
fbem-22318	43	52	ling	ling	NOUN
fbem-22318	43	53	,	,	PUNCT
fbem-22318	43	54	2013	2013	NUM
fbem-22318	43	55	)	)	PUNCT
fbem-22318	43	56	.	.	PUNCT
fbem-22318	44	1	based	base	VERB
fbem-22318	44	2	on	on	ADP
fbem-22318	44	3	this	this	DET
fbem-22318	44	4	psychological	psychological	ADJ
fbem-22318	44	5	cognitive	cognitive	ADJ
fbem-22318	44	6	deviation	deviation	NOUN
fbem-22318	44	7	,	,	PUNCT
fbem-22318	44	8	managers	manager	NOUN
fbem-22318	44	9	will	will	AUX
fbem-22318	44	10	expand	expand	VERB
fbem-22318	44	11	the	the	DET
fbem-22318	44	12	scale	scale	NOUN
fbem-22318	44	13	of	of	ADP
fbem-22318	44	14	enterprises	enterprise	NOUN
fbem-22318	44	15	in	in	ADP
fbem-22318	44	16	a	a	DET
fbem-22318	44	17	short	short	ADJ
fbem-22318	44	18	period	period	NOUN
fbem-22318	44	19	of	of	ADP
fbem-22318	44	20	time	time	NOUN
fbem-22318	44	21	,	,	PUNCT
fbem-22318	44	22	thus	thus	ADV
fbem-22318	44	23	making	make	VERB
fbem-22318	44	24	the	the	DET
fbem-22318	44	25	factor	factor	NOUN
fbem-22318	44	26	input	input	NOUN
fbem-22318	44	27	mix	mix	NOUN
fbem-22318	44	28	of	of	ADP
fbem-22318	44	29	enterprises	enterprise	NOUN
fbem-22318	44	30	deviate	deviate	VERB
fbem-22318	44	31	from	from	ADP
fbem-22318	44	32	the	the	DET
fbem-22318	44	33	optimal	optimal	ADJ
fbem-22318	44	34	level	level	NOUN
fbem-22318	44	35	.	.	PUNCT
fbem-22318	45	1	as	as	ADP
fbem-22318	45	2	a	a	DET
fbem-22318	45	3	result	result	NOUN
fbem-22318	45	4	,	,	PUNCT
fbem-22318	45	5	the	the	DET
fbem-22318	45	6	asset	asset	NOUN
fbem-22318	45	7	operation	operation	NOUN
fbem-22318	45	8	efficiency	efficiency	NOUN
fbem-22318	45	9	of	of	ADP
fbem-22318	45	10	enterprises	enterprise	NOUN
fbem-22318	45	11	becomes	become	VERB
fbem-22318	45	12	low	low	ADJ
fbem-22318	45	13	due	due	ADP
fbem-22318	45	14	to	to	ADP
fbem-22318	45	15	the	the	DET
fbem-22318	45	16	expansion	expansion	NOUN
fbem-22318	45	17	of	of	ADP
fbem-22318	45	18	scale	scale	NOUN
fbem-22318	45	19	,	,	PUNCT
fbem-22318	45	20	resulting	result	VERB
fbem-22318	45	21	in	in	ADP
fbem-22318	45	22	diminishing	diminish	VERB
fbem-22318	45	23	returns	return	NOUN
fbem-22318	45	24	to	to	PART
fbem-22318	45	25	scale	scale	VERB
fbem-22318	45	26	,	,	PUNCT
fbem-22318	45	27	and	and	CCONJ
fbem-22318	45	28	thus	thus	ADV
fbem-22318	45	29	reducing	reduce	VERB
fbem-22318	45	30	the	the	DET
fbem-22318	45	31	performance	performance	NOUN
fbem-22318	45	32	of	of	ADP
fbem-22318	45	33	environmental	environmental	ADJ
fbem-22318	45	34	protection	protection	NOUN
fbem-22318	45	35	listed	list	VERB
fbem-22318	45	36	companies	company	NOUN
fbem-22318	45	37	.	.	PUNCT
fbem-22318	46	1	on	on	ADP
fbem-22318	46	2	the	the	DET
fbem-22318	46	3	other	other	ADJ
fbem-22318	46	4	hand	hand	NOUN
fbem-22318	46	5	,	,	PUNCT
fbem-22318	46	6	compliance	compliance	NOUN
fbem-22318	46	7	costs	cost	NOUN
fbem-22318	46	8	believe	believe	VERB
fbem-22318	46	9	that	that	SCONJ
fbem-22318	46	10	environmental	environmental	ADJ
fbem-22318	46	11	regulation	regulation	NOUN
fbem-22318	46	12	is	be	AUX
fbem-22318	46	13	equivalent	equivalent	ADJ
fbem-22318	46	14	to	to	ADP
fbem-22318	46	15	imposing	impose	VERB
fbem-22318	46	16	additional	additional	ADJ
fbem-22318	46	17	constraints	constraint	NOUN
fbem-22318	46	18	on	on	ADP
fbem-22318	46	19	the	the	DET
fbem-22318	46	20	decisionmaking	decisionmake	VERB
fbem-22318	46	21	process	process	NOUN
fbem-22318	46	22	of	of	ADP
fbem-22318	46	23	enterprises	enterprise	NOUN
fbem-22318	46	24	(	(	PUNCT
fbem-22318	46	25	palmer	palmer	PROPN
fbem-22318	46	26	et	et	PROPN
fbem-22318	46	27	al	al	PROPN
fbem-22318	46	28	.	.	PROPN
fbem-22318	46	29	,	,	PUNCT
fbem-22318	46	30	1995	1995	NUM
fbem-22318	46	31	)	)	PUNCT
fbem-22318	46	32	,	,	PUNCT
fbem-22318	46	33	and	and	CCONJ
fbem-22318	46	34	enterprises	enterprise	NOUN
fbem-22318	46	35	in	in	ADP
fbem-22318	46	36	areas	area	NOUN
fbem-22318	46	37	with	with	ADP
fbem-22318	46	38	high	high	ADJ
fbem-22318	46	39	environmental	environmental	ADJ
fbem-22318	46	40	regulation	regulation	NOUN
fbem-22318	46	41	intensity	intensity	NOUN
fbem-22318	46	42	will	will	AUX
fbem-22318	46	43	increase	increase	VERB
fbem-22318	46	44	the	the	DET
fbem-22318	46	45	difficulty	difficulty	NOUN
fbem-22318	46	46	and	and	CCONJ
fbem-22318	46	47	cost	cost	NOUN
fbem-22318	46	48	of	of	ADP
fbem-22318	46	49	production	production	NOUN
fbem-22318	46	50	,	,	PUNCT
fbem-22318	46	51	sales	sale	NOUN
fbem-22318	46	52	and	and	CCONJ
fbem-22318	46	53	management	management	NOUN
fbem-22318	46	54	.	.	PUNCT
fbem-22318	47	1	ghosal	ghosal	PROPN
fbem-22318	47	2	et	et	PROPN
fbem-22318	47	3	al	al	PROPN
fbem-22318	47	4	.	.	PROPN
fbem-22318	48	1	(	(	PUNCT
fbem-22318	48	2	2019	2019	NUM
fbem-22318	48	3	)	)	PUNCT
fbem-22318	48	4	point	point	VERB
fbem-22318	48	5	out	out	ADP
fbem-22318	48	6	that	that	SCONJ
fbem-22318	48	7	environmental	environmental	ADJ
fbem-22318	48	8	regulation	regulation	NOUN
fbem-22318	48	9	can	can	AUX
fbem-22318	48	10	lead	lead	VERB
fbem-22318	48	11	to	to	ADP
fbem-22318	48	12	improvements	improvement	NOUN
fbem-22318	48	13	in	in	ADP
fbem-22318	48	14	372	372	NUM
fbem-22318	48	15	environmental	environmental	ADJ
fbem-22318	48	16	conditions	condition	NOUN
fbem-22318	48	17	,	,	PUNCT
fbem-22318	48	18	but	but	CCONJ
fbem-22318	48	19	may	may	AUX
fbem-22318	48	20	increase	increase	VERB
fbem-22318	48	21	unnecessary	unnecessary	ADJ
fbem-22318	48	22	production	production	NOUN
fbem-22318	48	23	costs	cost	NOUN
fbem-22318	48	24	,	,	PUNCT
fbem-22318	48	25	thereby	thereby	ADV
fbem-22318	48	26	limiting	limit	VERB
fbem-22318	48	27	business	business	NOUN
fbem-22318	48	28	productivity	productivity	NOUN
fbem-22318	48	29	.	.	PUNCT
fbem-22318	49	1	the	the	DET
fbem-22318	49	2	second	second	ADJ
fbem-22318	49	3	round	round	NOUN
fbem-22318	49	4	of	of	ADP
fbem-22318	49	5	central	central	ADJ
fbem-22318	49	6	environmental	environmental	ADJ
fbem-22318	49	7	protection	protection	NOUN
fbem-22318	49	8	inspectors	inspector	NOUN
fbem-22318	49	9	will	will	AUX
fbem-22318	49	10	implement	implement	VERB
fbem-22318	49	11	the	the	DET
fbem-22318	49	12	new	new	ADJ
fbem-22318	49	13	development	development	NOUN
fbem-22318	49	14	concept	concept	NOUN
fbem-22318	49	15	and	and	CCONJ
fbem-22318	49	16	promote	promote	VERB
fbem-22318	49	17	high	high	ADJ
fbem-22318	49	18	-	-	PUNCT
fbem-22318	49	19	quality	quality	NOUN
fbem-22318	49	20	development	development	NOUN
fbem-22318	49	21	as	as	ADP
fbem-22318	49	22	an	an	DET
fbem-22318	49	23	important	important	ADJ
fbem-22318	49	24	content	content	NOUN
fbem-22318	49	25	of	of	ADP
fbem-22318	49	26	the	the	DET
fbem-22318	49	27	inspectors	inspector	NOUN
fbem-22318	49	28	,	,	PUNCT
fbem-22318	49	29	and	and	CCONJ
fbem-22318	49	30	put	put	VERB
fbem-22318	49	31	forward	forward	ADV
fbem-22318	49	32	higher	high	ADJ
fbem-22318	49	33	requirements	requirement	NOUN
fbem-22318	49	34	for	for	ADP
fbem-22318	49	35	the	the	DET
fbem-22318	49	36	operation	operation	NOUN
fbem-22318	49	37	and	and	CCONJ
fbem-22318	49	38	development	development	NOUN
fbem-22318	49	39	of	of	ADP
fbem-22318	49	40	enterprises	enterprise	NOUN
fbem-22318	49	41	.	.	PUNCT
fbem-22318	50	1	in	in	ADP
fbem-22318	50	2	order	order	NOUN
fbem-22318	50	3	to	to	PART
fbem-22318	50	4	meet	meet	VERB
fbem-22318	50	5	the	the	DET
fbem-22318	50	6	needs	need	NOUN
fbem-22318	50	7	of	of	ADP
fbem-22318	50	8	the	the	DET
fbem-22318	50	9	government	government	NOUN
fbem-22318	50	10	,	,	PUNCT
fbem-22318	50	11	the	the	DET
fbem-22318	50	12	market	market	NOUN
fbem-22318	50	13	and	and	CCONJ
fbem-22318	50	14	the	the	DET
fbem-22318	50	15	public	public	NOUN
fbem-22318	50	16	for	for	ADP
fbem-22318	50	17	environmental	environmental	ADJ
fbem-22318	50	18	protection	protection	NOUN
fbem-22318	50	19	and	and	CCONJ
fbem-22318	50	20	ecological	ecological	ADJ
fbem-22318	50	21	civilization	civilization	NOUN
fbem-22318	50	22	,	,	PUNCT
fbem-22318	50	23	environmental	environmental	ADJ
fbem-22318	50	24	protection	protection	NOUN
fbem-22318	50	25	enterprises	enterprise	NOUN
fbem-22318	50	26	should	should	AUX
fbem-22318	50	27	not	not	PART
fbem-22318	50	28	only	only	ADV
fbem-22318	50	29	strengthen	strengthen	VERB
fbem-22318	50	30	the	the	DET
fbem-22318	50	31	compliance	compliance	NOUN
fbem-22318	50	32	of	of	ADP
fbem-22318	50	33	the	the	DET
fbem-22318	50	34	internal	internal	ADJ
fbem-22318	50	35	production	production	NOUN
fbem-22318	50	36	mode	mode	NOUN
fbem-22318	50	37	,	,	PUNCT
fbem-22318	50	38	but	but	CCONJ
fbem-22318	50	39	also	also	ADV
fbem-22318	50	40	monitor	monitor	VERB
fbem-22318	50	41	the	the	DET
fbem-22318	50	42	changes	change	NOUN
fbem-22318	50	43	in	in	ADP
fbem-22318	50	44	the	the	DET
fbem-22318	50	45	external	external	ADJ
fbem-22318	50	46	environment	environment	NOUN
fbem-22318	50	47	in	in	ADP
fbem-22318	50	48	real	real	ADJ
fbem-22318	50	49	time	time	NOUN
fbem-22318	50	50	,	,	PUNCT
fbem-22318	50	51	and	and	CCONJ
fbem-22318	50	52	timely	timely	ADJ
fbem-22318	50	53	release	release	VERB
fbem-22318	50	54	the	the	DET
fbem-22318	50	55	social	social	ADJ
fbem-22318	50	56	responsibility	responsibility	NOUN
fbem-22318	50	57	report	report	NOUN
fbem-22318	50	58	,	,	PUNCT
fbem-22318	50	59	sustainable	sustainable	ADJ
fbem-22318	50	60	development	development	NOUN
fbem-22318	50	61	report	report	NOUN
fbem-22318	50	62	or	or	CCONJ
fbem-22318	50	63	environmental	environmental	ADJ
fbem-22318	50	64	report	report	NOUN
fbem-22318	50	65	to	to	ADP
fbem-22318	50	66	the	the	DET
fbem-22318	50	67	public	public	NOUN
fbem-22318	50	68	.	.	PUNCT
fbem-22318	51	1	under	under	ADP
fbem-22318	51	2	the	the	DET
fbem-22318	51	3	high	high	ADJ
fbem-22318	51	4	pressure	pressure	NOUN
fbem-22318	51	5	of	of	ADP
fbem-22318	51	6	the	the	DET
fbem-22318	51	7	second	second	ADJ
fbem-22318	51	8	round	round	NOUN
fbem-22318	51	9	of	of	ADP
fbem-22318	51	10	environmental	environmental	ADJ
fbem-22318	51	11	protection	protection	NOUN
fbem-22318	51	12	supervision	supervision	NOUN
fbem-22318	51	13	,	,	PUNCT
fbem-22318	51	14	environmental	environmental	ADJ
fbem-22318	51	15	protection	protection	NOUN
fbem-22318	51	16	enterprises	enterprise	NOUN
fbem-22318	51	17	need	need	VERB
fbem-22318	51	18	to	to	PART
fbem-22318	51	19	bear	bear	VERB
fbem-22318	51	20	higher	high	ADJ
fbem-22318	51	21	compliance	compliance	NOUN
fbem-22318	51	22	costs	cost	NOUN
fbem-22318	51	23	.	.	PUNCT
fbem-22318	52	1	higher	high	ADJ
fbem-22318	52	2	compliance	compliance	NOUN
fbem-22318	52	3	costs	cost	NOUN
fbem-22318	52	4	make	make	VERB
fbem-22318	52	5	enterprises	enterprise	NOUN
fbem-22318	52	6	reduce	reduce	VERB
fbem-22318	52	7	capital	capital	NOUN
fbem-22318	52	8	investment	investment	NOUN
fbem-22318	52	9	in	in	ADP
fbem-22318	52	10	technology	technology	NOUN
fbem-22318	52	11	research	research	NOUN
fbem-22318	52	12	and	and	CCONJ
fbem-22318	52	13	development	development	NOUN
fbem-22318	52	14	and	and	CCONJ
fbem-22318	52	15	productive	productive	ADJ
fbem-22318	52	16	investment	investment	NOUN
fbem-22318	52	17	activities	activity	NOUN
fbem-22318	52	18	,	,	PUNCT
fbem-22318	52	19	thus	thus	ADV
fbem-22318	52	20	reducing	reduce	VERB
fbem-22318	52	21	the	the	DET
fbem-22318	52	22	performance	performance	NOUN
fbem-22318	52	23	of	of	ADP
fbem-22318	52	24	environmental	environmental	ADJ
fbem-22318	52	25	protection	protection	NOUN
fbem-22318	52	26	enterprises	enterprise	NOUN
fbem-22318	52	27	.	.	PUNCT
fbem-22318	53	1	therefore	therefore	ADV
fbem-22318	53	2	,	,	PUNCT
fbem-22318	53	3	hypothesis	hypothesis	NOUN
fbem-22318	53	4	h1b	h1b	PROPN
fbem-22318	53	5	is	be	AUX
fbem-22318	53	6	proposed	propose	VERB
fbem-22318	53	7	.	.	PUNCT
fbem-22318	54	1	h1	h1	PROPN
fbem-22318	54	2	:	:	PUNCT
fbem-22318	54	3	the	the	DET
fbem-22318	54	4	central	central	ADJ
fbem-22318	54	5	environmental	environmental	PROPN
fbem-22318	54	6	protection	protection	PROPN
fbem-22318	54	7	supervision	supervision	NOUN
fbem-22318	54	8	has	have	VERB
fbem-22318	54	9	a	a	DET
fbem-22318	54	10	inhibiting	inhibit	VERB
fbem-22318	54	11	effect	effect	NOUN
fbem-22318	54	12	on	on	ADP
fbem-22318	54	13	the	the	DET
fbem-22318	54	14	performance	performance	NOUN
fbem-22318	54	15	of	of	ADP
fbem-22318	54	16	environmental	environmental	ADJ
fbem-22318	54	17	protection	protection	NOUN
fbem-22318	54	18	enterprises	enterprise	NOUN
fbem-22318	54	19	.	.	PUNCT
fbem-22318	55	1	3	3	X
fbem-22318	55	2	.	.	X
fbem-22318	55	3	strategy	strategy	NOUN
fbem-22318	55	4	for	for	ADP
fbem-22318	55	5	research	research	NOUN
fbem-22318	55	6	3.1	3.1	NUM
fbem-22318	55	7	.	.	PUNCT
fbem-22318	55	8	sample	sample	NOUN
fbem-22318	55	9	selection	selection	NOUN
fbem-22318	55	10	and	and	CCONJ
fbem-22318	55	11	data	datum	NOUN
fbem-22318	55	12	description	description	NOUN
fbem-22318	55	13	based	base	VERB
fbem-22318	55	14	on	on	ADP
fbem-22318	55	15	the	the	DET
fbem-22318	55	16	data	datum	NOUN
fbem-22318	55	17	of	of	ADP
fbem-22318	55	18	shanghai	shanghai	PROPN
fbem-22318	55	19	and	and	CCONJ
fbem-22318	55	20	shenzhen	shenzhen	PROPN
fbem-22318	55	21	a	a	PROPN
fbem-22318	55	22	-	-	PUNCT
fbem-22318	55	23	share	share	NOUN
fbem-22318	55	24	listed	list	VERB
fbem-22318	55	25	companies	company	NOUN
fbem-22318	55	26	from	from	ADP
fbem-22318	55	27	2017	2017	NUM
fbem-22318	55	28	to	to	ADP
fbem-22318	55	29	2022	2022	NUM
fbem-22318	55	30	,	,	PUNCT
fbem-22318	55	31	this	this	DET
fbem-22318	55	32	paper	paper	NOUN
fbem-22318	55	33	conducts	conduct	VERB
fbem-22318	55	34	an	an	DET
fbem-22318	55	35	in	in	ADP
fbem-22318	55	36	-	-	PUNCT
fbem-22318	55	37	depth	depth	NOUN
fbem-22318	55	38	analysis	analysis	NOUN
fbem-22318	55	39	of	of	ADP
fbem-22318	55	40	how	how	SCONJ
fbem-22318	55	41	central	central	ADJ
fbem-22318	55	42	environmental	environmental	ADJ
fbem-22318	55	43	inspectors	inspector	NOUN
fbem-22318	55	44	affect	affect	VERB
fbem-22318	55	45	the	the	DET
fbem-22318	55	46	performance	performance	NOUN
fbem-22318	55	47	of	of	ADP
fbem-22318	55	48	listed	list	VERB
fbem-22318	55	49	companies	company	NOUN
fbem-22318	55	50	in	in	ADP
fbem-22318	55	51	the	the	DET
fbem-22318	55	52	environmental	environmental	ADJ
fbem-22318	55	53	protection	protection	NOUN
fbem-22318	55	54	category	category	NOUN
fbem-22318	55	55	.	.	PUNCT
fbem-22318	56	1	considering	consider	VERB
fbem-22318	56	2	that	that	SCONJ
fbem-22318	56	3	the	the	DET
fbem-22318	56	4	central	central	ADJ
fbem-22318	56	5	environmental	environmental	ADJ
fbem-22318	56	6	protection	protection	NOUN
fbem-22318	56	7	inspectors	inspector	NOUN
fbem-22318	56	8	have	have	VERB
fbem-22318	56	9	a	a	DET
fbem-22318	56	10	greater	great	ADJ
fbem-22318	56	11	impact	impact	NOUN
fbem-22318	56	12	on	on	ADP
fbem-22318	56	13	high	high	ADJ
fbem-22318	56	14	-	-	PUNCT
fbem-22318	56	15	polluting	pollute	VERB
fbem-22318	56	16	enterprises	enterprise	NOUN
fbem-22318	56	17	,	,	PUNCT
fbem-22318	56	18	non	non	ADJ
fbem-22318	56	19	-	-	ADJ
fbem-22318	56	20	environmental	environmental	ADJ
fbem-22318	56	21	high	high	ADJ
fbem-22318	56	22	-	-	PUNCT
fbem-22318	56	23	polluting	pollute	VERB
fbem-22318	56	24	enterprises	enterprise	NOUN
fbem-22318	56	25	are	be	AUX
fbem-22318	56	26	eliminated	eliminate	VERB
fbem-22318	56	27	,	,	PUNCT
fbem-22318	56	28	and	and	CCONJ
fbem-22318	56	29	finally	finally	ADV
fbem-22318	56	30	st	st	PROPN
fbem-22318	56	31	enterprises	enterprise	NOUN
fbem-22318	56	32	are	be	AUX
fbem-22318	56	33	eliminated	eliminate	VERB
fbem-22318	56	34	,	,	PUNCT
fbem-22318	56	35	and	and	CCONJ
fbem-22318	56	36	92	92	NUM
fbem-22318	56	37	environmental	environmental	ADJ
fbem-22318	56	38	listed	list	VERB
fbem-22318	56	39	enterprises	enterprise	NOUN
fbem-22318	56	40	and	and	CCONJ
fbem-22318	56	41	793	793	NUM
fbem-22318	56	42	non	non	ADJ
fbem-22318	56	43	-	-	ADJ
fbem-22318	56	44	environmental	environmental	ADJ
fbem-22318	56	45	listed	list	VERB
fbem-22318	56	46	enterprises	enterprise	NOUN
fbem-22318	56	47	are	be	AUX
fbem-22318	56	48	selected	select	VERB
fbem-22318	56	49	.	.	PUNCT
fbem-22318	57	1	the	the	DET
fbem-22318	57	2	data	datum	NOUN
fbem-22318	57	3	of	of	ADP
fbem-22318	57	4	sample	sample	NOUN
fbem-22318	57	5	environmental	environmental	ADJ
fbem-22318	57	6	protection	protection	NOUN
fbem-22318	57	7	enterprises	enterprise	NOUN
fbem-22318	57	8	are	be	AUX
fbem-22318	57	9	from	from	ADP
fbem-22318	57	10	the	the	DET
fbem-22318	57	11	wind	wind	NOUN
fbem-22318	57	12	database	database	NOUN
fbem-22318	57	13	,	,	PUNCT
fbem-22318	57	14	and	and	CCONJ
fbem-22318	57	15	the	the	DET
fbem-22318	57	16	semi	semi	ADJ
fbem-22318	57	17	-	-	ADJ
fbem-22318	57	18	annual	annual	ADJ
fbem-22318	57	19	financial	financial	ADJ
fbem-22318	57	20	data	datum	NOUN
fbem-22318	57	21	of	of	ADP
fbem-22318	57	22	performance	performance	NOUN
fbem-22318	57	23	indicators	indicator	NOUN
fbem-22318	57	24	and	and	CCONJ
fbem-22318	57	25	control	control	NOUN
fbem-22318	57	26	variables	variable	NOUN
fbem-22318	57	27	are	be	AUX
fbem-22318	57	28	from	from	ADP
fbem-22318	57	29	the	the	DET
fbem-22318	57	30	csmar	csmar	PROPN
fbem-22318	57	31	database	database	NOUN
fbem-22318	57	32	.	.	PUNCT
fbem-22318	58	1	on	on	ADP
fbem-22318	58	2	this	this	DET
fbem-22318	58	3	basis	basis	NOUN
fbem-22318	58	4	,	,	PUNCT
fbem-22318	58	5	the	the	DET
fbem-22318	58	6	original	original	ADJ
fbem-22318	58	7	data	datum	NOUN
fbem-22318	58	8	were	be	AUX
fbem-22318	58	9	processed	process	VERB
fbem-22318	58	10	as	as	SCONJ
fbem-22318	58	11	follows	follow	VERB
fbem-22318	58	12	:	:	PUNCT
fbem-22318	58	13	abnormal	abnormal	ADJ
fbem-22318	58	14	or	or	CCONJ
fbem-22318	58	15	seriously	seriously	ADV
fbem-22318	58	16	missing	missing	ADJ
fbem-22318	58	17	observations	observation	NOUN
fbem-22318	58	18	were	be	AUX
fbem-22318	58	19	eliminated	eliminate	VERB
fbem-22318	58	20	,	,	PUNCT
fbem-22318	58	21	and	and	CCONJ
fbem-22318	58	22	1	1	NUM
fbem-22318	58	23	%	%	NOUN
fbem-22318	58	24	and	and	CCONJ
fbem-22318	58	25	99	99	NUM
fbem-22318	58	26	%	%	NOUN
fbem-22318	58	27	indentation	indentation	NOUN
fbem-22318	58	28	were	be	AUX
fbem-22318	58	29	performed	perform	VERB
fbem-22318	58	30	on	on	ADP
fbem-22318	58	31	relevant	relevant	ADJ
fbem-22318	58	32	continuous	continuous	ADJ
fbem-22318	58	33	variables	variable	NOUN
fbem-22318	58	34	,	,	PUNCT
fbem-22318	58	35	and	and	CCONJ
fbem-22318	58	36	7509	7509	NUM
fbem-22318	58	37	valid	valid	ADJ
fbem-22318	58	38	samples	sample	NOUN
fbem-22318	58	39	were	be	AUX
fbem-22318	58	40	finally	finally	ADV
fbem-22318	58	41	obtained	obtain	VERB
fbem-22318	58	42	.	.	PUNCT
fbem-22318	59	1	3.2	3.2	NUM
fbem-22318	59	2	.	.	PUNCT
fbem-22318	60	1	research	research	NOUN
fbem-22318	60	2	design	design	NOUN
fbem-22318	60	3	based	base	VERB
fbem-22318	60	4	on	on	ADP
fbem-22318	60	5	the	the	DET
fbem-22318	60	6	"	"	PUNCT
fbem-22318	60	7	regulations	regulation	NOUN
fbem-22318	60	8	on	on	ADP
fbem-22318	60	9	the	the	DET
fbem-22318	60	10	supervision	supervision	NOUN
fbem-22318	60	11	of	of	ADP
fbem-22318	60	12	central	central	ADJ
fbem-22318	60	13	ecological	ecological	ADJ
fbem-22318	60	14	and	and	CCONJ
fbem-22318	60	15	environmental	environmental	ADJ
fbem-22318	60	16	protection	protection	NOUN
fbem-22318	60	17	"	"	PUNCT
fbem-22318	60	18	issued	issue	VERB
fbem-22318	60	19	by	by	ADP
fbem-22318	60	20	the	the	DET
fbem-22318	60	21	general	general	ADJ
fbem-22318	60	22	office	office	NOUN
fbem-22318	60	23	of	of	ADP
fbem-22318	60	24	the	the	DET
fbem-22318	60	25	communist	communist	PROPN
fbem-22318	60	26	party	party	PROPN
fbem-22318	60	27	of	of	ADP
fbem-22318	60	28	china	china	PROPN
fbem-22318	60	29	central	central	PROPN
fbem-22318	60	30	committee	committee	PROPN
fbem-22318	60	31	and	and	CCONJ
fbem-22318	60	32	the	the	DET
fbem-22318	60	33	general	general	ADJ
fbem-22318	60	34	office	office	NOUN
fbem-22318	60	35	of	of	ADP
fbem-22318	60	36	the	the	DET
fbem-22318	60	37	state	state	NOUN
fbem-22318	60	38	council	council	PROPN
fbem-22318	60	39	on	on	ADP
fbem-22318	60	40	june	june	PROPN
fbem-22318	60	41	6	6	NUM
fbem-22318	60	42	,	,	PUNCT
fbem-22318	60	43	2019	2019	NUM
fbem-22318	60	44	,	,	PUNCT
fbem-22318	60	45	as	as	SCONJ
fbem-22318	60	46	the	the	DET
fbem-22318	60	47	standard	standard	ADJ
fbem-22318	60	48	natural	natural	ADJ
fbem-22318	60	49	experiment	experiment	NOUN
fbem-22318	60	50	,	,	PUNCT
fbem-22318	60	51	environmental	environmental	ADJ
fbem-22318	60	52	protection	protection	NOUN
fbem-22318	60	53	listed	list	VERB
fbem-22318	60	54	companies	company	NOUN
fbem-22318	60	55	and	and	CCONJ
fbem-22318	60	56	nonenvironmental	nonenvironmental	ADJ
fbem-22318	60	57	protection	protection	NOUN
fbem-22318	60	58	listed	list	VERB
fbem-22318	60	59	companies	company	NOUN
fbem-22318	60	60	from	from	ADP
fbem-22318	60	61	2017	2017	NUM
fbem-22318	60	62	to	to	ADP
fbem-22318	60	63	2022	2022	NUM
fbem-22318	60	64	were	be	AUX
fbem-22318	60	65	selected	select	VERB
fbem-22318	60	66	as	as	ADP
fbem-22318	60	67	the	the	DET
fbem-22318	60	68	research	research	NOUN
fbem-22318	60	69	objects	object	VERB
fbem-22318	60	70	.	.	PUNCT
fbem-22318	61	1	this	this	DET
fbem-22318	61	2	article	article	NOUN
fbem-22318	61	3	sets	set	VERB
fbem-22318	61	4	the	the	DET
fbem-22318	61	5	central	central	ADJ
fbem-22318	61	6	environmental	environmental	ADJ
fbem-22318	61	7	protection	protection	NOUN
fbem-22318	61	8	inspection	inspection	NOUN
fbem-22318	61	9	(	(	PUNCT
fbem-22318	61	10	ceps	ceps	PROPN
fbem-22318	61	11	)	)	PUNCT
fbem-22318	61	12	as	as	ADP
fbem-22318	61	13	an	an	DET
fbem-22318	61	14	interactive	interactive	ADJ
fbem-22318	61	15	item	item	NOUN
fbem-22318	61	16	of	of	ADP
fbem-22318	61	17	postt	postt	NOUN
fbem-22318	61	18	and	and	CCONJ
fbem-22318	61	19	treati	treati	ADJ
fbem-22318	61	20	.	.	PUNCT
fbem-22318	62	1	if	if	SCONJ
fbem-22318	62	2	the	the	DET
fbem-22318	62	3	enterprise	enterprise	NOUN
fbem-22318	62	4	is	be	AUX
fbem-22318	62	5	an	an	DET
fbem-22318	62	6	environmental	environmental	ADJ
fbem-22318	62	7	protection	protection	NOUN
fbem-22318	62	8	listed	list	VERB
fbem-22318	62	9	enterprise	enterprise	NOUN
fbem-22318	62	10	,	,	PUNCT
fbem-22318	62	11	treati	treati	PROPN
fbem-22318	62	12	is	be	AUX
fbem-22318	62	13	1	1	NUM
fbem-22318	62	14	,	,	PUNCT
fbem-22318	62	15	and	and	CCONJ
fbem-22318	62	16	the	the	DET
fbem-22318	62	17	rest	rest	NOUN
fbem-22318	62	18	is	be	AUX
fbem-22318	62	19	0	0	NUM
fbem-22318	62	20	.	.	PUNCT
fbem-22318	63	1	postt	postt	NOUN
fbem-22318	63	2	takes	take	VERB
fbem-22318	63	3	into	into	ADP
fbem-22318	63	4	account	account	NOUN
fbem-22318	63	5	the	the	DET
fbem-22318	63	6	center	center	ADJ
fbem-22318	63	7	environmental	environmental	ADJ
fbem-22318	63	8	inspectors	inspector	NOUN
fbem-22318	63	9	aim	aim	VERB
fbem-22318	63	10	to	to	PART
fbem-22318	63	11	establish	establish	VERB
fbem-22318	63	12	a	a	DET
fbem-22318	63	13	"	"	PUNCT
fbem-22318	63	14	party	party	NOUN
fbem-22318	63	15	and	and	CCONJ
fbem-22318	63	16	government	government	NOUN
fbem-22318	63	17	responsibility	responsibility	NOUN
fbem-22318	63	18	"	"	PUNCT
fbem-22318	63	19	long	long	ADJ
fbem-22318	63	20	-	-	PUNCT
fbem-22318	63	21	term	term	NOUN
fbem-22318	63	22	governance	governance	NOUN
fbem-22318	63	23	mechanism	mechanism	NOUN
fbem-22318	63	24	in	in	ADP
fbem-22318	63	25	the	the	DET
fbem-22318	63	26	field	field	NOUN
fbem-22318	63	27	of	of	ADP
fbem-22318	63	28	environmental	environmental	ADJ
fbem-22318	63	29	management	management	NOUN
fbem-22318	63	30	,	,	PUNCT
fbem-22318	63	31	so	so	CCONJ
fbem-22318	63	32	the	the	DET
fbem-22318	63	33	central	central	ADJ
fbem-22318	63	34	environmental	environmental	ADJ
fbem-22318	63	35	inspection	inspection	NOUN
fbem-22318	63	36	team	team	NOUN
fbem-22318	63	37	will	will	AUX
fbem-22318	63	38	still	still	ADV
fbem-22318	63	39	have	have	VERB
fbem-22318	63	40	a	a	DET
fbem-22318	63	41	farreaching	farreache	VERB
fbem-22318	63	42	impact	impact	NOUN
fbem-22318	63	43	after	after	ADP
fbem-22318	63	44	the	the	DET
fbem-22318	63	45	departure	departure	NOUN
fbem-22318	63	46	,	,	PUNCT
fbem-22318	63	47	so	so	SCONJ
fbem-22318	63	48	we	we	PRON
fbem-22318	63	49	set	set	VERB
fbem-22318	63	50	the	the	DET
fbem-22318	63	51	half	half	ADJ
fbem-22318	63	52	year	year	NOUN
fbem-22318	63	53	on	on	ADP
fbem-22318	63	54	december	december	PROPN
fbem-22318	63	55	31	31	NUM
fbem-22318	63	56	,	,	PUNCT
fbem-22318	63	57	2019	2019	NUM
fbem-22318	63	58	and	and	CCONJ
fbem-22318	63	59	after	after	ADP
fbem-22318	63	60	1	1	NUM
fbem-22318	63	61	,	,	PUNCT
fbem-22318	63	62	and	and	CCONJ
fbem-22318	63	63	the	the	DET
fbem-22318	63	64	half	half	ADJ
fbem-22318	63	65	year	year	NOUN
fbem-22318	63	66	before	before	ADP
fbem-22318	63	67	december	december	PROPN
fbem-22318	63	68	31	31	NUM
fbem-22318	63	69	,	,	PUNCT
fbem-22318	63	70	2019	2019	NUM
fbem-22318	63	71	is	be	AUX
fbem-22318	63	72	set	set	VERB
fbem-22318	63	73	to	to	ADP
fbem-22318	63	74	0	0	NUM
fbem-22318	63	75	.	.	PUNCT
fbem-22318	64	1	the	the	DET
fbem-22318	64	2	difference	difference	NOUN
fbem-22318	64	3	-	-	PUNCT
fbem-22318	64	4	difference	difference	NOUN
fbem-22318	64	5	method	method	NOUN
fbem-22318	64	6	is	be	AUX
fbem-22318	64	7	used	use	VERB
fbem-22318	64	8	to	to	PART
fbem-22318	64	9	test	test	VERB
fbem-22318	64	10	the	the	DET
fbem-22318	64	11	impact	impact	NOUN
fbem-22318	64	12	of	of	ADP
fbem-22318	64	13	central	central	ADJ
fbem-22318	64	14	environmental	environmental	ADJ
fbem-22318	64	15	protection	protection	NOUN
fbem-22318	64	16	inspectors	inspector	NOUN
fbem-22318	64	17	on	on	ADP
fbem-22318	64	18	the	the	DET
fbem-22318	64	19	performance	performance	NOUN
fbem-22318	64	20	of	of	ADP
fbem-22318	64	21	listed	list	VERB
fbem-22318	64	22	environmental	environmental	ADJ
fbem-22318	64	23	protection	protection	NOUN
fbem-22318	64	24	enterprises	enterprise	NOUN
fbem-22318	64	25	:	:	PUNCT
fbem-22318	65	1	𝑹𝑶𝑨𝒊𝒕=𝜶𝟎	𝑹𝑶𝑨𝒊𝒕=𝜶𝟎	NOUN
fbem-22318	65	2	+	+	CCONJ
fbem-22318	65	3	𝜷𝟏𝑪𝑬𝑷𝑺	𝜷𝟏𝑪𝑬𝑷𝑺	ADJ
fbem-22318	66	1	+	+	CCONJ
fbem-22318	66	2	𝜷𝟐𝑿𝒊,𝒕	𝜷𝟐𝑿𝒊,𝒕	PRON
fbem-22318	67	1	+	+	CCONJ
fbem-22318	67	2	𝝁𝒊	𝝁𝒊	PRON
fbem-22318	68	1	+	+	X
fbem-22318	68	2	𝜸𝒕	𝜸𝒕	PRON
fbem-22318	68	3	+	+	CCONJ
fbem-22318	68	4	𝜺𝒊,𝒕	𝜺𝒊,𝒕	PUNCT
fbem-22318	68	5	(	(	PUNCT
fbem-22318	68	6	1	1	X
fbem-22318	68	7	)	)	PUNCT
fbem-22318	68	8	among	among	ADP
fbem-22318	68	9	them	they	PRON
fbem-22318	68	10	,	,	PUNCT
fbem-22318	68	11	the	the	DET
fbem-22318	68	12	explained	explain	VERB
fbem-22318	68	13	variable	variable	NOUN
fbem-22318	68	14	is	be	AUX
fbem-22318	68	15	enterprise	enterprise	NOUN
fbem-22318	68	16	performance	performance	NOUN
fbem-22318	68	17	.	.	PUNCT
fbem-22318	69	1	referring	refer	VERB
fbem-22318	69	2	to	to	ADP
fbem-22318	69	3	the	the	DET
fbem-22318	69	4	research	research	NOUN
fbem-22318	69	5	of	of	ADP
fbem-22318	69	6	xu	xu	PROPN
fbem-22318	69	7	feng	feng	PROPN
fbem-22318	69	8	et	et	PROPN
fbem-22318	69	9	al	al	PROPN
fbem-22318	69	10	.	.	PROPN
fbem-22318	70	1	(	(	PUNCT
fbem-22318	70	2	2022	2022	NUM
fbem-22318	70	3	)	)	PUNCT
fbem-22318	70	4	,	,	PUNCT
fbem-22318	70	5	this	this	DET
fbem-22318	70	6	paper	paper	NOUN
fbem-22318	70	7	adopts	adopt	VERB
fbem-22318	70	8	return	return	NOUN
fbem-22318	70	9	on	on	ADP
fbem-22318	70	10	total	total	ADJ
fbem-22318	70	11	assets	asset	NOUN
fbem-22318	70	12	roa	roa	PROPN
fbem-22318	70	13	.	.	PROPN
fbem-22318	71	1	measured	measure	VERB
fbem-22318	71	2	as	as	ADP
fbem-22318	71	3	the	the	DET
fbem-22318	71	4	ratio	ratio	NOUN
fbem-22318	71	5	of	of	ADP
fbem-22318	71	6	net	net	ADJ
fbem-22318	71	7	profit	profit	NOUN
fbem-22318	71	8	for	for	ADP
fbem-22318	71	9	the	the	DET
fbem-22318	71	10	rolling	rolling	ADJ
fbem-22318	71	11	12	12	NUM
fbem-22318	71	12	months	month	NOUN
fbem-22318	71	13	to	to	ADP
fbem-22318	71	14	the	the	DET
fbem-22318	71	15	average	average	ADJ
fbem-22318	71	16	balance	balance	NOUN
fbem-22318	71	17	of	of	ADP
fbem-22318	71	18	total	total	ADJ
fbem-22318	71	19	assets	asset	NOUN
fbem-22318	71	20	.	.	PUNCT
fbem-22318	72	1	according	accord	VERB
fbem-22318	72	2	to	to	ADP
fbem-22318	72	3	the	the	DET
fbem-22318	72	4	research	research	NOUN
fbem-22318	72	5	of	of	ADP
fbem-22318	72	6	chen	chen	PROPN
fbem-22318	72	7	zhigang	zhigang	PROPN
fbem-22318	72	8	(	(	PUNCT
fbem-22318	72	9	2022	2022	NUM
fbem-22318	72	10	)	)	PUNCT
fbem-22318	72	11	and	and	CCONJ
fbem-22318	72	12	xu	xu	PROPN
fbem-22318	72	13	feng	feng	PROPN
fbem-22318	72	14	(	(	PUNCT
fbem-22318	72	15	2022	2022	NUM
fbem-22318	72	16	)	)	PUNCT
fbem-22318	72	17	,	,	PUNCT
fbem-22318	72	18	select	select	VERB
fbem-22318	72	19	the	the	DET
fbem-22318	72	20	control	control	NOUN
fbem-22318	72	21	variables	variable	VERB
fbem-22318	72	22	xi	xi	PROPN
fbem-22318	72	23	,	,	PUNCT
fbem-22318	72	24	t	t	PROPN
fbem-22318	72	25	.	.	PUNCT
fbem-22318	73	1	μi	μi	PROPN
fbem-22318	73	2	and	and	CCONJ
fbem-22318	73	3	γt	γt	PROPN
fbem-22318	73	4	represent	represent	VERB
fbem-22318	73	5	individual	individual	ADJ
fbem-22318	73	6	fixed	fix	VERB
fbem-22318	73	7	effects	effect	NOUN
fbem-22318	73	8	and	and	CCONJ
fbem-22318	73	9	time	time	NOUN
fbem-22318	73	10	fixed	fix	VERB
fbem-22318	73	11	effects	effect	NOUN
fbem-22318	73	12	,	,	PUNCT
fbem-22318	73	13	respectively	respectively	ADV
fbem-22318	73	14	,	,	PUNCT
fbem-22318	73	15	and	and	CCONJ
fbem-22318	73	16	εi	εi	VERB
fbem-22318	73	17	,	,	PUNCT
fbem-22318	73	18	t	t	PROPN
fbem-22318	73	19	represent	represent	VERB
fbem-22318	73	20	random	random	ADJ
fbem-22318	73	21	disturbance	disturbance	NOUN
fbem-22318	73	22	terms	term	NOUN
fbem-22318	73	23	.	.	PUNCT
fbem-22318	74	1	in	in	ADP
fbem-22318	74	2	this	this	DET
fbem-22318	74	3	paper	paper	NOUN
fbem-22318	74	4	,	,	PUNCT
fbem-22318	74	5	clustering	cluster	VERB
fbem-22318	74	6	standard	standard	ADJ
fbem-22318	74	7	error	error	NOUN
fbem-22318	74	8	(	(	PUNCT
fbem-22318	74	9	cluster	cluster	NOUN
fbem-22318	74	10	)	)	PUNCT
fbem-22318	74	11	is	be	AUX
fbem-22318	74	12	carried	carry	VERB
fbem-22318	74	13	out	out	ADP
fbem-22318	74	14	at	at	ADP
fbem-22318	74	15	the	the	DET
fbem-22318	74	16	industry	industry	NOUN
fbem-22318	74	17	level	level	NOUN
fbem-22318	74	18	.	.	PUNCT
fbem-22318	75	1	3.3	3.3	NUM
fbem-22318	75	2	.	.	PUNCT
fbem-22318	76	1	descriptive	descriptive	ADJ
fbem-22318	76	2	statistics	statistic	NOUN
fbem-22318	76	3	table	table	NOUN
fbem-22318	76	4	1	1	NUM
fbem-22318	76	5	reports	report	VERB
fbem-22318	76	6	the	the	DET
fbem-22318	76	7	results	result	NOUN
fbem-22318	76	8	of	of	ADP
fbem-22318	76	9	statistical	statistical	ADJ
fbem-22318	76	10	analysis	analysis	NOUN
fbem-22318	76	11	of	of	ADP
fbem-22318	76	12	the	the	DET
fbem-22318	76	13	main	main	ADJ
fbem-22318	76	14	variables	variable	NOUN
fbem-22318	76	15	.	.	PUNCT
fbem-22318	77	1	among	among	ADP
fbem-22318	77	2	them	they	PRON
fbem-22318	77	3	,	,	PUNCT
fbem-22318	77	4	the	the	DET
fbem-22318	77	5	explained	explain	VERB
fbem-22318	77	6	variables	variable	NOUN
fbem-22318	77	7	and	and	CCONJ
fbem-22318	77	8	control	control	NOUN
fbem-22318	77	9	variables	variable	NOUN
fbem-22318	77	10	are	be	AUX
fbem-22318	77	11	semi	semi	ADJ
fbem-22318	77	12	-	-	ADJ
fbem-22318	77	13	annual	annual	ADJ
fbem-22318	77	14	data	datum	NOUN
fbem-22318	77	15	variables	variable	NOUN
fbem-22318	77	16	.	.	PUNCT
fbem-22318	78	1	the	the	DET
fbem-22318	78	2	mean	mean	ADJ
fbem-22318	78	3	value	value	NOUN
fbem-22318	78	4	of	of	ADP
fbem-22318	78	5	roattm	roattm	NOUN
fbem-22318	78	6	is	be	AUX
fbem-22318	78	7	0.041	0.041	NUM
fbem-22318	78	8	,	,	PUNCT
fbem-22318	78	9	the	the	DET
fbem-22318	78	10	standard	standard	ADJ
fbem-22318	78	11	deviation	deviation	NOUN
fbem-22318	78	12	is	be	AUX
fbem-22318	78	13	0.082	0.082	NUM
fbem-22318	78	14	,	,	PUNCT
fbem-22318	78	15	the	the	DET
fbem-22318	78	16	minimum	minimum	ADJ
fbem-22318	78	17	value	value	NOUN
fbem-22318	78	18	is	be	AUX
fbem-22318	78	19	-0.745	-0.745	ADJ
fbem-22318	78	20	,	,	PUNCT
fbem-22318	78	21	and	and	CCONJ
fbem-22318	78	22	the	the	DET
fbem-22318	78	23	maximum	maximum	ADJ
fbem-22318	78	24	value	value	NOUN
fbem-22318	78	25	is	be	AUX
fbem-22318	78	26	0.816	0.816	NUM
fbem-22318	78	27	,	,	PUNCT
fbem-22318	78	28	indicating	indicate	VERB
fbem-22318	78	29	that	that	SCONJ
fbem-22318	78	30	there	there	PRON
fbem-22318	78	31	are	be	VERB
fbem-22318	78	32	great	great	ADJ
fbem-22318	78	33	differences	difference	NOUN
fbem-22318	78	34	in	in	ADP
fbem-22318	78	35	roattm	roattm	NOUN
fbem-22318	78	36	among	among	ADP
fbem-22318	78	37	different	different	ADJ
fbem-22318	78	38	enterprises	enterprise	NOUN
fbem-22318	78	39	.	.	PUNCT
fbem-22318	79	1	the	the	DET
fbem-22318	79	2	mean	mean	ADJ
fbem-22318	79	3	value	value	NOUN
fbem-22318	79	4	of	of	ADP
fbem-22318	79	5	treat	treat	NOUN
fbem-22318	79	6	is	be	AUX
fbem-22318	79	7	0.117	0.117	NUM
fbem-22318	79	8	,	,	PUNCT
fbem-22318	79	9	indicating	indicate	VERB
fbem-22318	79	10	that	that	SCONJ
fbem-22318	79	11	11.7	11.7	NUM
fbem-22318	79	12	%	%	NOUN
fbem-22318	79	13	of	of	ADP
fbem-22318	79	14	the	the	DET
fbem-22318	79	15	enterprises	enterprise	NOUN
fbem-22318	79	16	in	in	ADP
fbem-22318	79	17	this	this	DET
fbem-22318	79	18	paper	paper	NOUN
fbem-22318	79	19	are	be	AUX
fbem-22318	79	20	environmental	environmental	ADJ
fbem-22318	79	21	protection	protection	NOUN
fbem-22318	79	22	enterprises	enterprise	NOUN
fbem-22318	79	23	.	.	PUNCT
fbem-22318	80	1	table	table	NOUN
fbem-22318	80	2	1	1	NUM
fbem-22318	80	3	.	.	PUNCT
fbem-22318	80	4	descriptive	descriptive	ADJ
fbem-22318	80	5	statistics	statistic	NOUN
fbem-22318	80	6	variable	variable	ADJ
fbem-22318	80	7	types	type	NOUN
fbem-22318	80	8	name	name	VERB
fbem-22318	80	9	obs	obs	PROPN
fbem-22318	80	10	mean	mean	VERB
fbem-22318	81	1	s.d	s.d	PROPN
fbem-22318	81	2	min	min	PROPN
fbem-22318	81	3	ma	ma	PROPN
fbem-22318	81	4	x	x	PROPN
fbem-22318	81	5	core	core	PROPN
fbem-22318	81	6	independe	independe	PROPN
fbem-22318	81	7	nt	nt	ADP
fbem-22318	81	8	variables	variable	NOUN
fbem-22318	81	9	roat	roat	VERB
fbem-22318	81	10	tm	tm	PRON
fbem-22318	81	11	7509	7509	NUM
fbem-22318	81	12	0.041	0.041	NUM
fbem-22318	81	13	0.082	0.082	NUM
fbem-22318	81	14	-0.745	-0.745	SYM
fbem-22318	81	15	0.81	0.81	NUM
fbem-22318	81	16	6	6	NUM
fbem-22318	81	17	roet	roet	VERB
fbem-22318	81	18	tm	tm	ADP
fbem-22318	81	19	7509	7509	NUM
fbem-22318	81	20	0.062	0.062	NUM
fbem-22318	81	21	0.148	0.148	NUM
fbem-22318	81	22	-0.998	-0.998	PUNCT
fbem-22318	81	23	0.37	0.37	NUM
fbem-22318	81	24	6	6	NUM
fbem-22318	81	25	policy	policy	NOUN
fbem-22318	81	26	variables	variable	NOUN
fbem-22318	81	27	treat	treat	VERB
fbem-22318	81	28	7509	7509	NUM
fbem-22318	81	29	0.117	0.117	NUM
fbem-22318	81	30	0.321	0.321	NUM
fbem-22318	81	31	0	0	NUM
fbem-22318	81	32	1	1	NUM
fbem-22318	81	33	post	post	NOUN
fbem-22318	81	34	7509	7509	NUM
fbem-22318	81	35	0.646	0.646	NUM
fbem-22318	81	36	0.478	0.478	NUM
fbem-22318	81	37	0	0	NUM
fbem-22318	81	38	1	1	NUM
fbem-22318	81	39	control	control	NOUN
fbem-22318	81	40	variables	variable	NOUN
fbem-22318	81	41	aslbrt	aslbrt	ADJ
fbem-22318	81	42	7509	7509	NUM
fbem-22318	81	43	0.420	0.420	NUM
fbem-22318	81	44	0.181	0.181	NUM
fbem-22318	81	45	0.072	0.072	NUM
fbem-22318	81	46	0.88	0.88	NUM
fbem-22318	81	47	5	5	NUM
fbem-22318	81	48	far	far	ADV
fbem-22318	81	49	7509	7509	NUM
fbem-22318	81	50	0.157	0.157	NUM
fbem-22318	81	51	0.103	0.103	NUM
fbem-22318	81	52	0.002	0.002	NUM
fbem-22318	81	53	0.81	0.81	NUM
fbem-22318	81	54	0	0	NUM
fbem-22318	81	55	size	size	NOUN
fbem-22318	81	56	7509	7509	NUM
fbem-22318	81	57	22.03	22.03	NUM
fbem-22318	81	58	1.102	1.102	NUM
fbem-22318	81	59	19.780	19.780	NUM
fbem-22318	81	60	26.4	26.4	NUM
fbem-22318	81	61	30	30	NUM
fbem-22318	81	62	mb	mb	ADP
fbem-22318	81	63	7509	7509	NUM
fbem-22318	81	64	1.961	1.961	NUM
fbem-22318	81	65	0.870	0.870	NUM
fbem-22318	81	66	1.078	1.078	NUM
fbem-22318	81	67	8.68	8.68	NUM
fbem-22318	81	68	9	9	NUM
fbem-22318	81	69	finpro	finpro	ADJ
fbem-22318	81	70	7509	7509	NUM
fbem-22318	81	71	0.156	0.156	NUM
fbem-22318	81	72	0.496	0.496	NUM
fbem-22318	81	73	-1.005	-1.005	PUNCT
fbem-22318	81	74	3.30	3.30	NUM
fbem-22318	81	75	6	6	NUM
fbem-22318	81	76	fratio	fratio	NOUN
fbem-22318	81	77	7509	7509	NUM
fbem-22318	81	78	2.427	2.427	NUM
fbem-22318	81	79	1.892	1.892	NUM
fbem-22318	81	80	0.564	0.564	NUM
fbem-22318	81	81	13.8	13.8	NUM
fbem-22318	81	82	10	10	NUM
fbem-22318	81	83	casht	casht	NOUN
fbem-22318	81	84	tm	tm	PROPN
fbem-22318	81	85	7509	7509	NUM
fbem-22318	81	86	0.084	0.084	NUM
fbem-22318	81	87	0.219	0.219	NUM
fbem-22318	81	88	-5.100	-5.100	NUM
fbem-22318	81	89	4.08	4.08	NUM
fbem-22318	81	90	3	3	NUM
fbem-22318	81	91	4	4	NUM
fbem-22318	81	92	.	.	PUNCT
fbem-22318	82	1	empirical	empirical	ADJ
fbem-22318	82	2	results	result	NOUN
fbem-22318	82	3	and	and	CCONJ
fbem-22318	82	4	analysis	analysis	NOUN
fbem-22318	82	5	in	in	ADP
fbem-22318	82	6	this	this	DET
fbem-22318	82	7	paper	paper	NOUN
fbem-22318	83	1	,	,	PUNCT
fbem-22318	83	2	we	we	PRON
fbem-22318	83	3	estimate	estimate	VERB
fbem-22318	83	4	the	the	DET
fbem-22318	83	5	benchmark	benchmark	NOUN
fbem-22318	83	6	model	model	NOUN
fbem-22318	83	7	by	by	ADP
fbem-22318	83	8	controlling	control	VERB
fbem-22318	83	9	industry	industry	NOUN
fbem-22318	83	10	fixed	fix	VERB
fbem-22318	83	11	effect	effect	NOUN
fbem-22318	83	12	,	,	PUNCT
fbem-22318	83	13	time	time	NOUN
fbem-22318	83	14	fixed	fix	VERB
fbem-22318	83	15	effect	effect	NOUN
fbem-22318	83	16	and	and	CCONJ
fbem-22318	83	17	standard	standard	ADJ
fbem-22318	83	18	error	error	NOUN
fbem-22318	83	19	clustering	cluster	VERB
fbem-22318	83	20	to	to	ADP
fbem-22318	83	21	industry	industry	NOUN
fbem-22318	83	22	level	level	NOUN
fbem-22318	83	23	.	.	PUNCT
fbem-22318	84	1	373	373	NUM
fbem-22318	84	2	table	table	NOUN
fbem-22318	84	3	2	2	NUM
fbem-22318	84	4	.	.	PUNCT
fbem-22318	84	5	benchmark	benchmark	NOUN
fbem-22318	84	6	analysis	analysis	NOUN
fbem-22318	84	7	variable	variable	NOUN
fbem-22318	84	8	(	(	PUNCT
fbem-22318	84	9	1	1	NUM
fbem-22318	84	10	)	)	PUNCT
fbem-22318	84	11	(	(	PUNCT
fbem-22318	84	12	2	2	NUM
fbem-22318	84	13	)	)	PUNCT
fbem-22318	84	14	(	(	PUNCT
fbem-22318	84	15	3	3	X
fbem-22318	84	16	)	)	PUNCT
fbem-22318	84	17	roattm	roattm	NOUN
fbem-22318	84	18	roattm	roattm	PROPN
fbem-22318	84	19	roattm	roattm	PROPN
fbem-22318	84	20	ceps	cep	VERB
fbem-22318	84	21	-0.0309	-0.0309	PROPN
fbem-22318	84	22	*	*	PUNCT
fbem-22318	84	23	*	*	PUNCT
fbem-22318	84	24	*	*	NOUN
fbem-22318	84	25	-0.0173	-0.0173	ADJ
fbem-22318	84	26	*	*	PUNCT
fbem-22318	85	1	*	*	PUNCT
fbem-22318	85	2	*	*	PUNCT
fbem-22318	85	3	-0.0270	-0.0270	NOUN
fbem-22318	85	4	*	*	PUNCT
fbem-22318	86	1	*	*	PUNCT
fbem-22318	86	2	*	*	PUNCT
fbem-22318	86	3	(	(	PUNCT
fbem-22318	86	4	0.00872	0.00872	NUM
fbem-22318	86	5	)	)	PUNCT
fbem-22318	86	6	(	(	PUNCT
fbem-22318	86	7	0.00345	0.00345	NUM
fbem-22318	86	8	)	)	PUNCT
fbem-22318	86	9	(	(	PUNCT
fbem-22318	86	10	0.00784	0.00784	NUM
fbem-22318	86	11	)	)	PUNCT
fbem-22318	86	12	controls	control	NOUN
fbem-22318	87	1	yes	yes	INTJ
fbem-22318	87	2	yes	yes	INTJ
fbem-22318	88	1	yes	yes	INTJ
fbem-22318	88	2	time	time	NOUN
fbem-22318	88	3	fxed	fxe	VERB
fbem-22318	88	4	efect	efect	NOUN
fbem-22318	89	1	yes	yes	INTJ
fbem-22318	89	2	yes	yes	INTJ
fbem-22318	90	1	yes	yes	INTJ
fbem-22318	90	2	industry	industry	NOUN
fbem-22318	90	3	fxed	fxe	VERB
fbem-22318	90	4	efect	efect	NOUN
fbem-22318	91	1	yes	yes	INTJ
fbem-22318	91	2	no	no	INTJ
fbem-22318	91	3	yes	yes	INTJ
fbem-22318	91	4	clustering	clustering	ADJ
fbem-22318	91	5	level	level	NOUN
fbem-22318	91	6	industry	industry	NOUN
fbem-22318	91	7	no	no	DET
fbem-22318	91	8	industry	industry	NOUN
fbem-22318	91	9	observations	observation	NOUN
fbem-22318	91	10	7,509	7,509	NUM
fbem-22318	91	11	7,509	7,509	NUM
fbem-22318	91	12	7,509	7,509	NUM
fbem-22318	91	13	r	r	NOUN
fbem-22318	91	14	-	-	PUNCT
fbem-22318	91	15	squared	square	VERB
fbem-22318	91	16	0.035	0.035	NUM
fbem-22318	91	17	0.199	0.199	NUM
fbem-22318	91	18	0.207	0.207	NUM
fbem-22318	91	19	*	*	PUNCT
fbem-22318	91	20	*	*	PUNCT
fbem-22318	91	21	*	*	PUNCT
fbem-22318	91	22	,	,	PUNCT
fbem-22318	91	23	*	*	PUNCT
fbem-22318	91	24	*	*	PUNCT
fbem-22318	91	25	and	and	CCONJ
fbem-22318	91	26	*	*	PUNCT
fbem-22318	91	27	indicate	indicate	VERB
fbem-22318	91	28	signifcant	signifcant	ADJ
fbem-22318	91	29	levels	level	NOUN
fbem-22318	91	30	at	at	ADP
fbem-22318	91	31	1	1	NUM
fbem-22318	91	32	%	%	NOUN
fbem-22318	91	33	,	,	PUNCT
fbem-22318	91	34	5	5	NUM
fbem-22318	91	35	%	%	NOUN
fbem-22318	91	36	and	and	CCONJ
fbem-22318	91	37	10	10	NUM
fbem-22318	91	38	%	%	NOUN
fbem-22318	91	39	respectively	respectively	ADV
fbem-22318	91	40	,	,	PUNCT
fbem-22318	91	41	and	and	CCONJ
fbem-22318	91	42	robust	robust	ADJ
fbem-22318	91	43	standard	standard	ADJ
fbem-22318	91	44	errors	error	NOUN
fbem-22318	91	45	are	be	AUX
fbem-22318	91	46	reported	report	VERB
fbem-22318	91	47	in	in	ADP
fbem-22318	91	48	parentheses	parenthesis	NOUN
fbem-22318	91	49	table	table	NOUN
fbem-22318	91	50	2	2	NUM
fbem-22318	91	51	reports	report	VERB
fbem-22318	91	52	the	the	DET
fbem-22318	91	53	differential	differential	ADJ
fbem-22318	91	54	empirical	empirical	ADJ
fbem-22318	91	55	results	result	NOUN
fbem-22318	91	56	of	of	ADP
fbem-22318	91	57	the	the	DET
fbem-22318	91	58	enactment	enactment	NOUN
fbem-22318	91	59	of	of	ADP
fbem-22318	91	60	the	the	DET
fbem-22318	91	61	regulations	regulation	NOUN
fbem-22318	91	62	on	on	ADP
fbem-22318	91	63	the	the	DET
fbem-22318	91	64	supervision	supervision	NOUN
fbem-22318	91	65	of	of	ADP
fbem-22318	91	66	central	central	ADJ
fbem-22318	91	67	ecological	ecological	ADJ
fbem-22318	91	68	and	and	CCONJ
fbem-22318	91	69	environmental	environmental	ADJ
fbem-22318	91	70	protection	protection	NOUN
fbem-22318	91	71	affecting	affect	VERB
fbem-22318	91	72	the	the	DET
fbem-22318	91	73	performance	performance	NOUN
fbem-22318	91	74	of	of	ADP
fbem-22318	91	75	listed	list	VERB
fbem-22318	91	76	environmental	environmental	ADJ
fbem-22318	91	77	protection	protection	NOUN
fbem-22318	91	78	enterprises	enterprise	NOUN
fbem-22318	91	79	.	.	PUNCT
fbem-22318	92	1	column	column	NOUN
fbem-22318	92	2	(	(	PUNCT
fbem-22318	92	3	1	1	X
fbem-22318	92	4	)	)	PUNCT
fbem-22318	92	5	controls	control	VERB
fbem-22318	92	6	the	the	DET
fbem-22318	92	7	industry	industry	NOUN
fbem-22318	92	8	fixed	fix	VERB
fbem-22318	92	9	effect	effect	NOUN
fbem-22318	92	10	and	and	CCONJ
fbem-22318	92	11	time	time	NOUN
fbem-22318	92	12	fixed	fix	VERB
fbem-22318	92	13	effect	effect	NOUN
fbem-22318	92	14	without	without	ADP
fbem-22318	92	15	adding	add	VERB
fbem-22318	92	16	control	control	NOUN
fbem-22318	92	17	variables	variable	NOUN
fbem-22318	92	18	,	,	PUNCT
fbem-22318	92	19	and	and	CCONJ
fbem-22318	92	20	column	column	NOUN
fbem-22318	92	21	(	(	PUNCT
fbem-22318	92	22	2	2	X
fbem-22318	92	23	)	)	PUNCT
fbem-22318	92	24	controls	control	VERB
fbem-22318	92	25	the	the	DET
fbem-22318	92	26	time	time	NOUN
fbem-22318	92	27	fixed	fix	VERB
fbem-22318	92	28	effect	effect	NOUN
fbem-22318	92	29	with	with	ADP
fbem-22318	92	30	adding	add	VERB
fbem-22318	92	31	control	control	NOUN
fbem-22318	92	32	variables	variable	NOUN
fbem-22318	92	33	.	.	PUNCT
fbem-22318	93	1	column	column	NOUN
fbem-22318	93	2	(	(	PUNCT
fbem-22318	93	3	3	3	X
fbem-22318	93	4	)	)	PUNCT
fbem-22318	93	5	controls	control	VERB
fbem-22318	93	6	industry	industry	NOUN
fbem-22318	93	7	fixed	fix	VERB
fbem-22318	93	8	effects	effect	NOUN
fbem-22318	93	9	and	and	CCONJ
fbem-22318	93	10	time	time	NOUN
fbem-22318	93	11	fixed	fix	VERB
fbem-22318	93	12	effects	effect	NOUN
fbem-22318	93	13	,	,	PUNCT
fbem-22318	93	14	and	and	CCONJ
fbem-22318	93	15	adds	add	VERB
fbem-22318	93	16	control	control	NOUN
fbem-22318	93	17	variables	variable	NOUN
fbem-22318	93	18	.	.	PUNCT
fbem-22318	94	1	all	all	DET
fbem-22318	94	2	the	the	DET
fbem-22318	94	3	estimated	estimate	VERB
fbem-22318	94	4	results	result	NOUN
fbem-22318	94	5	show	show	VERB
fbem-22318	94	6	that	that	SCONJ
fbem-22318	94	7	the	the	DET
fbem-22318	94	8	coefficient	coefficient	NOUN
fbem-22318	94	9	of	of	ADP
fbem-22318	94	10	ceps	ceps	PROPN
fbem-22318	94	11	is	be	AUX
fbem-22318	94	12	significantly	significantly	ADV
fbem-22318	94	13	negative	negative	ADJ
fbem-22318	94	14	regardless	regardless	ADV
fbem-22318	94	15	of	of	ADP
fbem-22318	94	16	whether	whether	SCONJ
fbem-22318	94	17	control	control	NOUN
fbem-22318	94	18	variables	variable	NOUN
fbem-22318	94	19	are	be	AUX
fbem-22318	94	20	added	add	VERB
fbem-22318	94	21	or	or	CCONJ
fbem-22318	94	22	not	not	PART
fbem-22318	94	23	and	and	CCONJ
fbem-22318	94	24	whether	whether	SCONJ
fbem-22318	94	25	the	the	DET
fbem-22318	94	26	fixed	fix	VERB
fbem-22318	94	27	effects	effect	NOUN
fbem-22318	94	28	of	of	ADP
fbem-22318	94	29	the	the	DET
fbem-22318	94	30	industry	industry	NOUN
fbem-22318	94	31	are	be	AUX
fbem-22318	94	32	controlled	control	VERB
fbem-22318	94	33	,	,	PUNCT
fbem-22318	94	34	indicating	indicate	VERB
fbem-22318	94	35	that	that	SCONJ
fbem-22318	94	36	the	the	DET
fbem-22318	94	37	enactment	enactment	NOUN
fbem-22318	94	38	of	of	ADP
fbem-22318	94	39	the	the	DET
fbem-22318	94	40	regulations	regulation	NOUN
fbem-22318	94	41	significantly	significantly	ADV
fbem-22318	94	42	reduces	reduce	VERB
fbem-22318	94	43	the	the	DET
fbem-22318	94	44	performance	performance	NOUN
fbem-22318	94	45	of	of	ADP
fbem-22318	94	46	listed	list	VERB
fbem-22318	94	47	companies	company	NOUN
fbem-22318	94	48	in	in	ADP
fbem-22318	94	49	the	the	DET
fbem-22318	94	50	environmental	environmental	ADJ
fbem-22318	94	51	protection	protection	NOUN
fbem-22318	94	52	category	category	NOUN
fbem-22318	94	53	,	,	PUNCT
fbem-22318	94	54	and	and	CCONJ
fbem-22318	94	55	hypothesis	hypothesis	NOUN
fbem-22318	94	56	h1b	h1b	PROPN
fbem-22318	94	57	is	be	AUX
fbem-22318	94	58	established	establish	VERB
fbem-22318	94	59	.	.	PUNCT
fbem-22318	95	1	4.1	4.1	NUM
fbem-22318	95	2	.	.	PUNCT
fbem-22318	95	3	robustness	robustness	NOUN
fbem-22318	95	4	test	test	NOUN
fbem-22318	95	5	4.1.1	4.1.1	NUM
fbem-22318	95	6	.	.	PUNCT
fbem-22318	96	1	parallel	parallel	ADJ
fbem-22318	96	2	trend	trend	NOUN
fbem-22318	96	3	test	test	NOUN
fbem-22318	96	4	an	an	DET
fbem-22318	96	5	important	important	ADJ
fbem-22318	96	6	premise	premise	NOUN
fbem-22318	96	7	for	for	ADP
fbem-22318	96	8	the	the	DET
fbem-22318	96	9	use	use	NOUN
fbem-22318	96	10	of	of	ADP
fbem-22318	96	11	the	the	DET
fbem-22318	96	12	differential	differential	ADJ
fbem-22318	96	13	method	method	NOUN
fbem-22318	96	14	is	be	AUX
fbem-22318	96	15	that	that	SCONJ
fbem-22318	96	16	the	the	DET
fbem-22318	96	17	experimental	experimental	ADJ
fbem-22318	96	18	group	group	NOUN
fbem-22318	96	19	and	and	CCONJ
fbem-22318	96	20	the	the	DET
fbem-22318	96	21	control	control	NOUN
fbem-22318	96	22	group	group	NOUN
fbem-22318	96	23	should	should	AUX
fbem-22318	96	24	have	have	VERB
fbem-22318	96	25	a	a	DET
fbem-22318	96	26	parallel	parallel	ADJ
fbem-22318	96	27	trend	trend	NOUN
fbem-22318	96	28	before	before	ADP
fbem-22318	96	29	the	the	DET
fbem-22318	96	30	implementation	implementation	NOUN
fbem-22318	96	31	of	of	ADP
fbem-22318	96	32	the	the	DET
fbem-22318	96	33	policy	policy	NOUN
fbem-22318	96	34	,	,	PUNCT
fbem-22318	96	35	otherwise	otherwise	ADV
fbem-22318	96	36	the	the	DET
fbem-22318	96	37	estimated	estimate	VERB
fbem-22318	96	38	results	result	NOUN
fbem-22318	96	39	will	will	AUX
fbem-22318	96	40	be	be	AUX
fbem-22318	96	41	biased	bias	VERB
fbem-22318	96	42	.	.	PUNCT
fbem-22318	97	1	therefore	therefore	ADV
fbem-22318	97	2	,	,	PUNCT
fbem-22318	97	3	this	this	DET
fbem-22318	97	4	paper	paper	NOUN
fbem-22318	97	5	uses	use	VERB
fbem-22318	97	6	the	the	DET
fbem-22318	97	7	event	event	NOUN
fbem-22318	97	8	study	study	NOUN
fbem-22318	97	9	method	method	NOUN
fbem-22318	97	10	to	to	PART
fbem-22318	97	11	select	select	VERB
fbem-22318	97	12	the	the	DET
fbem-22318	97	13	performance	performance	NOUN
fbem-22318	97	14	difference	difference	NOUN
fbem-22318	97	15	of	of	ADP
fbem-22318	97	16	environmental	environmental	ADJ
fbem-22318	97	17	protection	protection	NOUN
fbem-22318	97	18	enterprises	enterprise	NOUN
fbem-22318	97	19	and	and	CCONJ
fbem-22318	97	20	nonenvironmental	nonenvironmental	ADJ
fbem-22318	97	21	protection	protection	NOUN
fbem-22318	97	22	enterprises	enterprise	NOUN
fbem-22318	97	23	in	in	ADP
fbem-22318	97	24	different	different	ADJ
fbem-22318	97	25	semi	semi	NOUN
fbem-22318	97	26	-	-	NOUN
fbem-22318	97	27	years	year	NOUN
fbem-22318	97	28	to	to	PART
fbem-22318	97	29	conduct	conduct	VERB
fbem-22318	97	30	parallel	parallel	ADJ
fbem-22318	97	31	trend	trend	NOUN
fbem-22318	97	32	test	test	NOUN
fbem-22318	97	33	.	.	PUNCT
fbem-22318	98	1	with	with	ADP
fbem-22318	98	2	reference	reference	NOUN
fbem-22318	98	3	to	to	ADP
fbem-22318	98	4	the	the	DET
fbem-22318	98	5	method	method	NOUN
fbem-22318	98	6	of	of	ADP
fbem-22318	98	7	serfling	serfling	NOUN
fbem-22318	98	8	(	(	PUNCT
fbem-22318	98	9	2016	2016	NUM
fbem-22318	98	10	)	)	PUNCT
fbem-22318	98	11	,	,	PUNCT
fbem-22318	98	12	we	we	PRON
fbem-22318	98	13	selected	select	VERB
fbem-22318	98	14	the	the	DET
fbem-22318	98	15	first	first	ADJ
fbem-22318	98	16	half	half	ADJ
fbem-22318	98	17	year	year	NOUN
fbem-22318	98	18	before	before	ADP
fbem-22318	98	19	the	the	DET
fbem-22318	98	20	development	development	NOUN
fbem-22318	98	21	of	of	ADP
fbem-22318	98	22	the	the	DET
fbem-22318	98	23	regulations	regulation	NOUN
fbem-22318	98	24	(	(	PUNCT
fbem-22318	98	25	the	the	DET
fbem-22318	98	26	first	first	ADJ
fbem-22318	98	27	half	half	NOUN
fbem-22318	98	28	of	of	ADP
fbem-22318	98	29	2019	2019	NUM
fbem-22318	98	30	)	)	PUNCT
fbem-22318	98	31	as	as	ADP
fbem-22318	98	32	the	the	DET
fbem-22318	98	33	base	base	NOUN
fbem-22318	98	34	period	period	NOUN
fbem-22318	98	35	to	to	PART
fbem-22318	98	36	analyze	analyze	VERB
fbem-22318	98	37	whether	whether	SCONJ
fbem-22318	98	38	the	the	DET
fbem-22318	98	39	environmental	environmental	ADJ
fbem-22318	98	40	enterprise	enterprise	NOUN
fbem-22318	98	41	performance	performance	NOUN
fbem-22318	98	42	of	of	ADP
fbem-22318	98	43	the	the	DET
fbem-22318	98	44	experimental	experimental	ADJ
fbem-22318	98	45	group	group	NOUN
fbem-22318	98	46	and	and	CCONJ
fbem-22318	98	47	the	the	DET
fbem-22318	98	48	control	control	NOUN
fbem-22318	98	49	group	group	NOUN
fbem-22318	98	50	had	have	VERB
fbem-22318	98	51	a	a	DET
fbem-22318	98	52	parallel	parallel	ADJ
fbem-22318	98	53	trend	trend	NOUN
fbem-22318	98	54	before	before	ADP
fbem-22318	98	55	the	the	DET
fbem-22318	98	56	development	development	NOUN
fbem-22318	98	57	of	of	ADP
fbem-22318	98	58	the	the	DET
fbem-22318	98	59	regulations	regulation	NOUN
fbem-22318	98	60	.	.	PUNCT
fbem-22318	99	1	the	the	DET
fbem-22318	99	2	model	model	NOUN
fbem-22318	99	3	is	be	AUX
fbem-22318	99	4	as	as	SCONJ
fbem-22318	99	5	follows	follow	VERB
fbem-22318	99	6	:	:	PUNCT
fbem-22318	99	7	𝒀𝒊,𝒕=𝜶𝟎+∑	𝒀𝒊,𝒕=𝜶𝟎+∑	PROPN
fbem-22318	99	8	𝜷𝒎	𝜷𝒎	ADP
fbem-22318	99	9	𝟐𝟎𝟐𝟐	𝟐𝟎𝟐𝟐	NUM
fbem-22318	99	10	𝒎=𝟐𝟎𝟏𝟕	𝒎=𝟐𝟎𝟏𝟕	PROPN
fbem-22318	99	11	×	×	NOUN
fbem-22318	99	12	𝑻𝒓𝒆𝒂𝒕𝒊,𝒕	𝑻𝒓𝒆𝒂𝒕𝒊,𝒕	PUNCT
fbem-22318	100	1	+	+	CCONJ
fbem-22318	100	2	𝜷𝒏𝑿𝒊,𝒕	𝜷𝒏𝑿𝒊,𝒕	ADP
fbem-22318	100	3	+	+	NUM
fbem-22318	100	4	𝝁𝒊+𝜸𝒕+𝜺𝒊,𝒕(2	𝝁𝒊+𝜸𝒕+𝜺𝒊,𝒕(2	PROPN
fbem-22318	100	5	)	)	PUNCT
fbem-22318	101	1	this	this	DET
fbem-22318	101	2	paper	paper	NOUN
fbem-22318	101	3	takes	take	VERB
fbem-22318	101	4	the	the	DET
fbem-22318	101	5	first	first	ADJ
fbem-22318	101	6	period	period	NOUN
fbem-22318	101	7	before	before	ADP
fbem-22318	101	8	the	the	DET
fbem-22318	101	9	implementation	implementation	NOUN
fbem-22318	101	10	of	of	ADP
fbem-22318	101	11	the	the	DET
fbem-22318	101	12	policy	policy	NOUN
fbem-22318	101	13	as	as	ADP
fbem-22318	101	14	the	the	DET
fbem-22318	101	15	base	base	NOUN
fbem-22318	101	16	period	period	NOUN
fbem-22318	101	17	to	to	PART
fbem-22318	101	18	test	test	VERB
fbem-22318	101	19	the	the	DET
fbem-22318	101	20	dynamic	dynamic	ADJ
fbem-22318	101	21	trend	trend	NOUN
fbem-22318	101	22	change	change	NOUN
fbem-22318	101	23	of	of	ADP
fbem-22318	101	24	environmental	environmental	ADJ
fbem-22318	101	25	protection	protection	NOUN
fbem-22318	101	26	enterprises	enterprise	NOUN
fbem-22318	101	27	in	in	ADP
fbem-22318	101	28	the	the	DET
fbem-22318	101	29	two	two	NUM
fbem-22318	101	30	periods	period	NOUN
fbem-22318	101	31	before	before	ADP
fbem-22318	101	32	the	the	DET
fbem-22318	101	33	promulgation	promulgation	NOUN
fbem-22318	101	34	of	of	ADP
fbem-22318	101	35	the	the	DET
fbem-22318	101	36	provisions	provision	NOUN
fbem-22318	101	37	to	to	ADP
fbem-22318	101	38	the	the	DET
fbem-22318	101	39	last	last	ADJ
fbem-22318	101	40	four	four	NUM
fbem-22318	101	41	periods	period	NOUN
fbem-22318	101	42	,	,	PUNCT
fbem-22318	101	43	and	and	CCONJ
fbem-22318	101	44	treat	treat	VERB
fbem-22318	101	45	represents	represent	VERB
fbem-22318	101	46	the	the	DET
fbem-22318	101	47	interaction	interaction	NOUN
fbem-22318	101	48	term	term	NOUN
fbem-22318	101	49	between	between	ADP
fbem-22318	101	50	the	the	DET
fbem-22318	101	51	virtual	virtual	ADJ
fbem-22318	101	52	variables	variable	NOUN
fbem-22318	101	53	of	of	ADP
fbem-22318	101	54	the	the	DET
fbem-22318	101	55	experimental	experimental	ADJ
fbem-22318	101	56	group	group	NOUN
fbem-22318	101	57	and	and	CCONJ
fbem-22318	101	58	the	the	DET
fbem-22318	101	59	control	control	NOUN
fbem-22318	101	60	group	group	NOUN
fbem-22318	101	61	and	and	CCONJ
fbem-22318	101	62	the	the	DET
fbem-22318	101	63	virtual	virtual	ADJ
fbem-22318	101	64	variables	variable	NOUN
fbem-22318	101	65	of	of	ADP
fbem-22318	101	66	the	the	DET
fbem-22318	101	67	year	year	NOUN
fbem-22318	101	68	.	.	PUNCT
fbem-22318	102	1	figure	figure	NOUN
fbem-22318	102	2	1	1	NUM
fbem-22318	102	3	reports	report	NOUN
fbem-22318	102	4	the	the	DET
fbem-22318	102	5	regression	regression	NOUN
fbem-22318	102	6	results	result	NOUN
fbem-22318	102	7	of	of	ADP
fbem-22318	102	8	parallel	parallel	ADJ
fbem-22318	102	9	trends	trend	NOUN
fbem-22318	102	10	.	.	PUNCT
fbem-22318	103	1	the	the	DET
fbem-22318	103	2	results	result	NOUN
fbem-22318	103	3	show	show	VERB
fbem-22318	103	4	that	that	SCONJ
fbem-22318	103	5	there	there	PRON
fbem-22318	103	6	is	be	VERB
fbem-22318	103	7	no	no	DET
fbem-22318	103	8	significant	significant	ADJ
fbem-22318	103	9	difference	difference	NOUN
fbem-22318	103	10	between	between	ADP
fbem-22318	103	11	the	the	DET
fbem-22318	103	12	enterprises	enterprise	NOUN
fbem-22318	103	13	in	in	ADP
fbem-22318	103	14	the	the	DET
fbem-22318	103	15	experimental	experimental	ADJ
fbem-22318	103	16	group	group	NOUN
fbem-22318	103	17	and	and	CCONJ
fbem-22318	103	18	the	the	DET
fbem-22318	103	19	control	control	NOUN
fbem-22318	103	20	group	group	NOUN
fbem-22318	103	21	before	before	ADP
fbem-22318	103	22	the	the	DET
fbem-22318	103	23	promulgation	promulgation	NOUN
fbem-22318	103	24	of	of	ADP
fbem-22318	103	25	the	the	DET
fbem-22318	103	26	regulations	regulation	NOUN
fbem-22318	103	27	on	on	ADP
fbem-22318	103	28	the	the	DET
fbem-22318	103	29	supervision	supervision	NOUN
fbem-22318	103	30	of	of	ADP
fbem-22318	103	31	central	central	ADJ
fbem-22318	103	32	ecological	ecological	ADJ
fbem-22318	103	33	and	and	CCONJ
fbem-22318	103	34	environmental	environmental	ADJ
fbem-22318	103	35	protection	protection	NOUN
fbem-22318	103	36	before	before	ADP
fbem-22318	103	37	the	the	DET
fbem-22318	103	38	implementation	implementation	NOUN
fbem-22318	103	39	of	of	ADP
fbem-22318	103	40	the	the	DET
fbem-22318	103	41	green	green	ADJ
fbem-22318	103	42	and	and	CCONJ
fbem-22318	103	43	lowcarbon	lowcarbon	NOUN
fbem-22318	103	44	transformation	transformation	NOUN
fbem-22318	103	45	policy	policy	NOUN
fbem-22318	103	46	,	,	PUNCT
fbem-22318	103	47	which	which	PRON
fbem-22318	103	48	well	well	ADV
fbem-22318	103	49	satisfies	satisfy	VERB
fbem-22318	103	50	the	the	DET
fbem-22318	103	51	parallel	parallel	ADJ
fbem-22318	103	52	trend	trend	NOUN
fbem-22318	103	53	hypothesis	hypothesis	NOUN
fbem-22318	103	54	.	.	PUNCT
fbem-22318	104	1	figure	figure	NOUN
fbem-22318	104	2	1	1	NUM
fbem-22318	104	3	.	.	PUNCT
fbem-22318	104	4	parallel	parallel	ADJ
fbem-22318	104	5	trend	trend	NOUN
fbem-22318	104	6	test	test	NOUN
fbem-22318	104	7	4.1.2	4.1.2	NUM
fbem-22318	104	8	.	.	PUNCT
fbem-22318	104	9	placebo	placebo	NOUN
fbem-22318	104	10	test	test	NOUN
fbem-22318	104	11	referring	refer	VERB
fbem-22318	104	12	to	to	ADP
fbem-22318	104	13	the	the	DET
fbem-22318	104	14	method	method	NOUN
fbem-22318	104	15	of	of	ADP
fbem-22318	104	16	shi	shi	PROPN
fbem-22318	104	17	daqian	daqian	PROPN
fbem-22318	104	18	et	et	PROPN
fbem-22318	104	19	al	al	PROPN
fbem-22318	104	20	.	.	PROPN
fbem-22318	105	1	(	(	PUNCT
fbem-22318	105	2	2018	2018	NUM
fbem-22318	105	3	)	)	PUNCT
fbem-22318	105	4	,	,	PUNCT
fbem-22318	105	5	this	this	DET
fbem-22318	105	6	paper	paper	NOUN
fbem-22318	105	7	selects	select	VERB
fbem-22318	105	8	the	the	DET
fbem-22318	105	9	occurrence	occurrence	NOUN
fbem-22318	105	10	time	time	NOUN
fbem-22318	105	11	of	of	ADP
fbem-22318	105	12	the	the	DET
fbem-22318	105	13	second	second	ADJ
fbem-22318	105	14	round	round	NOUN
fbem-22318	105	15	of	of	ADP
fbem-22318	105	16	central	central	ADJ
fbem-22318	105	17	environmental	environmental	ADJ
fbem-22318	105	18	inspection	inspection	NOUN
fbem-22318	105	19	policy	policy	NOUN
fbem-22318	105	20	in	in	ADP
fbem-22318	105	21	advance	advance	NOUN
fbem-22318	105	22	to	to	PART
fbem-22318	105	23	conduct	conduct	VERB
fbem-22318	105	24	a	a	DET
fbem-22318	105	25	counterfact	counterfact	ADJ
fbem-22318	105	26	test	test	NOUN
fbem-22318	105	27	.	.	PUNCT
fbem-22318	106	1	in	in	ADP
fbem-22318	106	2	the	the	DET
fbem-22318	106	3	time	time	NOUN
fbem-22318	106	4	range	range	NOUN
fbem-22318	106	5	from	from	ADP
fbem-22318	106	6	the	the	DET
fbem-22318	106	7	second	second	ADJ
fbem-22318	106	8	half	half	NOUN
fbem-22318	106	9	of	of	ADP
fbem-22318	106	10	2017	2017	NUM
fbem-22318	106	11	to	to	ADP
fbem-22318	106	12	the	the	DET
fbem-22318	106	13	second	second	ADJ
fbem-22318	106	14	half	half	NOUN
fbem-22318	106	15	of	of	ADP
fbem-22318	106	16	2020	2020	NUM
fbem-22318	106	17	,	,	PUNCT
fbem-22318	106	18	any	any	DET
fbem-22318	106	19	half	half	ADJ
fbem-22318	106	20	year	year	NOUN
fbem-22318	106	21	is	be	AUX
fbem-22318	106	22	randomly	randomly	ADV
fbem-22318	106	23	selected	select	VERB
fbem-22318	106	24	as	as	ADP
fbem-22318	106	25	the	the	DET
fbem-22318	106	26	implementation	implementation	NOUN
fbem-22318	106	27	time	time	NOUN
fbem-22318	106	28	of	of	ADP
fbem-22318	106	29	the	the	DET
fbem-22318	106	30	second	second	ADJ
fbem-22318	106	31	round	round	NOUN
fbem-22318	106	32	of	of	ADP
fbem-22318	106	33	central	central	ADJ
fbem-22318	106	34	environmental	environmental	ADJ
fbem-22318	106	35	inspection	inspection	NOUN
fbem-22318	106	36	policy	policy	NOUN
fbem-22318	106	37	,	,	PUNCT
fbem-22318	106	38	and	and	CCONJ
fbem-22318	106	39	the	the	DET
fbem-22318	106	40	crossover	crossover	NOUN
fbem-22318	106	41	term	term	NOUN
fbem-22318	106	42	is	be	AUX
fbem-22318	106	43	reconstructed	reconstruct	VERB
fbem-22318	106	44	for	for	ADP
fbem-22318	106	45	regression	regression	NOUN
fbem-22318	106	46	.	.	PUNCT
fbem-22318	107	1	the	the	DET
fbem-22318	107	2	results	result	NOUN
fbem-22318	107	3	are	be	AUX
fbem-22318	107	4	shown	show	VERB
fbem-22318	107	5	in	in	ADP
fbem-22318	107	6	columns	column	NOUN
fbem-22318	107	7	(	(	PUNCT
fbem-22318	107	8	1	1	NUM
fbem-22318	107	9	)	)	PUNCT
fbem-22318	107	10	to	to	ADP
fbem-22318	107	11	(	(	PUNCT
fbem-22318	107	12	4	4	NUM
fbem-22318	107	13	)	)	PUNCT
fbem-22318	107	14	of	of	ADP
fbem-22318	107	15	table	table	NOUN
fbem-22318	107	16	3	3	NUM
fbem-22318	107	17	.	.	PUNCT
fbem-22318	108	1	whether	whether	SCONJ
fbem-22318	108	2	december	december	PROPN
fbem-22318	108	3	31	31	NUM
fbem-22318	108	4	,	,	PUNCT
fbem-22318	108	5	2018	2018	NUM
fbem-22318	108	6	or	or	CCONJ
fbem-22318	108	7	june	june	PROPN
fbem-22318	108	8	30	30	NUM
fbem-22318	108	9	,	,	PUNCT
fbem-22318	108	10	2019	2019	NUM
fbem-22318	108	11	is	be	AUX
fbem-22318	108	12	taken	take	VERB
fbem-22318	108	13	as	as	ADP
fbem-22318	108	14	the	the	DET
fbem-22318	108	15	implementation	implementation	NOUN
fbem-22318	108	16	time	time	NOUN
fbem-22318	108	17	point	point	NOUN
fbem-22318	108	18	of	of	ADP
fbem-22318	108	19	the	the	DET
fbem-22318	108	20	policy	policy	NOUN
fbem-22318	108	21	,	,	PUNCT
fbem-22318	108	22	the	the	DET
fbem-22318	108	23	coefficient	coefficient	NOUN
fbem-22318	108	24	of	of	ADP
fbem-22318	108	25	ceps	ceps	PROPN
fbem-22318	108	26	is	be	AUX
fbem-22318	108	27	not	not	PART
fbem-22318	108	28	significant	significant	ADJ
fbem-22318	108	29	,	,	PUNCT
fbem-22318	108	30	that	that	ADV
fbem-22318	108	31	is	is	ADV
fbem-22318	108	32	,	,	PUNCT
fbem-22318	108	33	advancing	advance	VERB
fbem-22318	108	34	the	the	DET
fbem-22318	108	35	implementation	implementation	NOUN
fbem-22318	108	36	time	time	NOUN
fbem-22318	108	37	of	of	ADP
fbem-22318	108	38	the	the	DET
fbem-22318	108	39	second	second	ADJ
fbem-22318	108	40	round	round	NOUN
fbem-22318	108	41	of	of	ADP
fbem-22318	108	42	374	374	NUM
fbem-22318	108	43	central	central	ADJ
fbem-22318	108	44	environmental	environmental	ADJ
fbem-22318	108	45	inspection	inspection	NOUN
fbem-22318	108	46	policy	policy	NOUN
fbem-22318	108	47	will	will	AUX
fbem-22318	108	48	not	not	PART
fbem-22318	108	49	cause	cause	VERB
fbem-22318	108	50	significant	significant	ADJ
fbem-22318	108	51	changes	change	NOUN
fbem-22318	108	52	in	in	ADP
fbem-22318	108	53	the	the	DET
fbem-22318	108	54	impact	impact	NOUN
fbem-22318	108	55	of	of	ADP
fbem-22318	108	56	central	central	ADJ
fbem-22318	108	57	environmental	environmental	ADJ
fbem-22318	108	58	inspection	inspection	NOUN
fbem-22318	108	59	on	on	ADP
fbem-22318	108	60	the	the	DET
fbem-22318	108	61	performance	performance	NOUN
fbem-22318	108	62	of	of	ADP
fbem-22318	108	63	environmental	environmental	ADJ
fbem-22318	108	64	protection	protection	NOUN
fbem-22318	108	65	enterprises	enterprise	NOUN
fbem-22318	108	66	.	.	PUNCT
fbem-22318	109	1	it	it	PRON
fbem-22318	109	2	shows	show	VERB
fbem-22318	109	3	that	that	SCONJ
fbem-22318	109	4	"	"	PUNCT
fbem-22318	109	5	regulations	regulation	NOUN
fbem-22318	109	6	"	"	PUNCT
fbem-22318	109	7	is	be	AUX
fbem-22318	109	8	indeed	indeed	ADV
fbem-22318	109	9	the	the	DET
fbem-22318	109	10	cause	cause	NOUN
fbem-22318	109	11	of	of	ADP
fbem-22318	109	12	the	the	DET
fbem-22318	109	13	performance	performance	NOUN
fbem-22318	109	14	difference	difference	NOUN
fbem-22318	109	15	between	between	ADP
fbem-22318	109	16	environmental	environmental	ADJ
fbem-22318	109	17	protection	protection	NOUN
fbem-22318	109	18	enterprises	enterprise	NOUN
fbem-22318	109	19	and	and	CCONJ
fbem-22318	109	20	non	non	ADJ
fbem-22318	109	21	-	-	ADJ
fbem-22318	109	22	environmental	environmental	ADJ
fbem-22318	109	23	protection	protection	NOUN
fbem-22318	109	24	enterprises	enterprise	NOUN
fbem-22318	109	25	.	.	PUNCT
fbem-22318	110	1	table	table	NOUN
fbem-22318	110	2	3	3	NUM
fbem-22318	110	3	.	.	PUNCT
fbem-22318	110	4	placebo	placebo	NOUN
fbem-22318	110	5	test	test	NOUN
fbem-22318	110	6	policy	policy	NOUN
fbem-22318	110	7	years	year	NOUN
fbem-22318	110	8	2017	2017	NUM
fbem-22318	110	9	second	second	ADJ
fbem-22318	110	10	half—2019	half—2019	PROPN
fbem-22318	110	11	second	second	ADJ
fbem-22318	110	12	half	half	NOUN
fbem-22318	110	13	2017	2017	NUM
fbem-22318	110	14	second	second	ADJ
fbem-22318	110	15	half—2020	half—2020	ADJ
fbem-22318	110	16	second	second	ADJ
fbem-22318	110	17	half	half	NOUN
fbem-22318	110	18	2018	2018	NUM
fbem-22318	110	19	-	-	SYM
fbem-22318	110	20	12	12	NUM
fbem-22318	110	21	-	-	SYM
fbem-22318	110	22	31	31	NUM
fbem-22318	110	23	2019	2019	NUM
fbem-22318	110	24	-	-	SYM
fbem-22318	110	25	06	06	NUM
fbem-22318	110	26	-	-	SYM
fbem-22318	110	27	30	30	NUM
fbem-22318	110	28	variant	variant	NOUN
fbem-22318	110	29	roattm	roattm	NOUN
fbem-22318	110	30	(	(	PUNCT
fbem-22318	110	31	1	1	X
fbem-22318	110	32	)	)	PUNCT
fbem-22318	110	33	roattm	roattm	NOUN
fbem-22318	110	34	(	(	PUNCT
fbem-22318	110	35	2	2	NUM
fbem-22318	110	36	)	)	PUNCT
fbem-22318	110	37	roattm	roattm	NOUN
fbem-22318	110	38	(	(	PUNCT
fbem-22318	110	39	3	3	X
fbem-22318	110	40	)	)	PUNCT
fbem-22318	110	41	roattm	roattm	NOUN
fbem-22318	110	42	(	(	PUNCT
fbem-22318	110	43	4	4	X
fbem-22318	110	44	)	)	PUNCT
fbem-22318	110	45	ceps	ceps	PROPN
fbem-22318	110	46	-0.00848	-0.00848	PROPN
fbem-22318	110	47	-0.0111	-0.0111	PROPN
fbem-22318	110	48	-0.0219	-0.0219	PROPN
fbem-22318	111	1	-0.0223	-0.0223	PROPN
fbem-22318	111	2	(	(	PUNCT
fbem-22318	111	3	0.00980	0.00980	NUM
fbem-22318	111	4	)	)	PUNCT
fbem-22318	111	5	(	(	PUNCT
fbem-22318	111	6	0.00746	0.00746	NUM
fbem-22318	111	7	)	)	PUNCT
fbem-22318	111	8	(	(	PUNCT
fbem-22318	111	9	0.01983	0.01983	NUM
fbem-22318	111	10	)	)	PUNCT
fbem-22318	111	11	(	(	PUNCT
fbem-22318	111	12	0.01770	0.01770	NUM
fbem-22318	111	13	)	)	PUNCT
fbem-22318	111	14	controls	control	NOUN
fbem-22318	112	1	yes	yes	INTJ
fbem-22318	113	1	yes	yes	INTJ
fbem-22318	114	1	yes	yes	INTJ
fbem-22318	114	2	yes	yes	INTJ
fbem-22318	114	3	time	time	NOUN
fbem-22318	114	4	fxed	fxe	VERB
fbem-22318	114	5	efect	efect	NOUN
fbem-22318	115	1	yes	yes	INTJ
fbem-22318	115	2	yes	yes	INTJ
fbem-22318	116	1	yes	yes	INTJ
fbem-22318	116	2	yes	yes	INTJ
fbem-22318	116	3	industry	industry	NOUN
fbem-22318	116	4	fxed	fxe	VERB
fbem-22318	116	5	efect	efect	NOUN
fbem-22318	117	1	yes	yes	INTJ
fbem-22318	118	1	yes	yes	INTJ
fbem-22318	119	1	yes	yes	INTJ
fbem-22318	119	2	yes	yes	INTJ
fbem-22318	119	3	clustering	clustering	NOUN
fbem-22318	119	4	level	level	NOUN
fbem-22318	119	5	industry	industry	NOUN
fbem-22318	119	6	industry	industry	NOUN
fbem-22318	119	7	industry	industry	NOUN
fbem-22318	119	8	industry	industry	NOUN
fbem-22318	119	9	observations	observation	NOUN
fbem-22318	119	10	3,369	3,369	NUM
fbem-22318	119	11	3,369	3,369	NUM
fbem-22318	119	12	4,952	4,952	NUM
fbem-22318	119	13	4,952	4,952	NUM
fbem-22318	119	14	r	r	NOUN
fbem-22318	119	15	-	-	PUNCT
fbem-22318	119	16	squared	square	VERB
fbem-22318	119	17	0.037	0.037	NUM
fbem-22318	119	18	0.175	0.175	NUM
fbem-22318	119	19	0.038	0.038	NUM
fbem-22318	119	20	0.196	0.196	NUM
fbem-22318	119	21	*	*	PUNCT
fbem-22318	119	22	*	*	PUNCT
fbem-22318	119	23	*	*	PUNCT
fbem-22318	119	24	,	,	PUNCT
fbem-22318	119	25	*	*	PUNCT
fbem-22318	119	26	*	*	PUNCT
fbem-22318	119	27	and	and	CCONJ
fbem-22318	119	28	*	*	PUNCT
fbem-22318	119	29	indicate	indicate	VERB
fbem-22318	119	30	signifcant	signifcant	ADJ
fbem-22318	119	31	levels	level	NOUN
fbem-22318	119	32	at	at	ADP
fbem-22318	119	33	1	1	NUM
fbem-22318	119	34	%	%	NOUN
fbem-22318	119	35	,	,	PUNCT
fbem-22318	119	36	5	5	NUM
fbem-22318	119	37	%	%	NOUN
fbem-22318	119	38	and	and	CCONJ
fbem-22318	119	39	10	10	NUM
fbem-22318	119	40	%	%	NOUN
fbem-22318	119	41	respectively	respectively	ADV
fbem-22318	119	42	,	,	PUNCT
fbem-22318	119	43	and	and	CCONJ
fbem-22318	119	44	robust	robust	ADJ
fbem-22318	119	45	standard	standard	ADJ
fbem-22318	119	46	errors	error	NOUN
fbem-22318	119	47	are	be	AUX
fbem-22318	119	48	reported	report	VERB
fbem-22318	119	49	in	in	ADP
fbem-22318	119	50	parentheses	parenthesis	NOUN
fbem-22318	119	51	4.2	4.2	NUM
fbem-22318	119	52	.	.	PUNCT
fbem-22318	120	1	analysis	analysis	NOUN
fbem-22318	120	2	of	of	ADP
fbem-22318	120	3	the	the	DET
fbem-22318	120	4	mechanism	mechanism	NOUN
fbem-22318	120	5	through	through	ADP
fbem-22318	120	6	the	the	DET
fbem-22318	120	7	above	above	ADJ
fbem-22318	120	8	analysis	analysis	NOUN
fbem-22318	120	9	,	,	PUNCT
fbem-22318	120	10	it	it	PRON
fbem-22318	120	11	can	can	AUX
fbem-22318	120	12	be	be	AUX
fbem-22318	120	13	found	find	VERB
fbem-22318	120	14	that	that	SCONJ
fbem-22318	120	15	the	the	DET
fbem-22318	120	16	central	central	ADJ
fbem-22318	120	17	environmental	environmental	PROPN
fbem-22318	120	18	protection	protection	PROPN
fbem-22318	120	19	supervision	supervision	NOUN
fbem-22318	120	20	significantly	significantly	ADV
fbem-22318	120	21	inhibits	inhibit	VERB
fbem-22318	120	22	the	the	DET
fbem-22318	120	23	performance	performance	NOUN
fbem-22318	120	24	of	of	ADP
fbem-22318	120	25	environmental	environmental	ADJ
fbem-22318	120	26	protection	protection	NOUN
fbem-22318	120	27	enterprises	enterprise	NOUN
fbem-22318	120	28	.	.	PUNCT
fbem-22318	121	1	however	however	ADV
fbem-22318	121	2	,	,	PUNCT
fbem-22318	121	3	as	as	ADP
fbem-22318	121	4	an	an	DET
fbem-22318	121	5	environmental	environmental	ADJ
fbem-22318	121	6	protection	protection	NOUN
fbem-22318	121	7	policy	policy	NOUN
fbem-22318	121	8	characterized	characterize	VERB
fbem-22318	121	9	by	by	ADP
fbem-22318	121	10	"	"	PUNCT
fbem-22318	121	11	supervision	supervision	NOUN
fbem-22318	121	12	"	"	PUNCT
fbem-22318	121	13	,	,	PUNCT
fbem-22318	121	14	the	the	DET
fbem-22318	121	15	central	central	ADJ
fbem-22318	121	16	environmental	environmental	ADJ
fbem-22318	121	17	protection	protection	NOUN
fbem-22318	121	18	inspector	inspector	NOUN
fbem-22318	121	19	does	do	AUX
fbem-22318	121	20	not	not	PART
fbem-22318	121	21	directly	directly	ADV
fbem-22318	121	22	focus	focus	VERB
fbem-22318	121	23	on	on	ADP
fbem-22318	121	24	the	the	DET
fbem-22318	121	25	environmental	environmental	ADJ
fbem-22318	121	26	violations	violation	NOUN
fbem-22318	121	27	of	of	ADP
fbem-22318	121	28	enterprises	enterprise	NOUN
fbem-22318	121	29	,	,	PUNCT
fbem-22318	121	30	but	but	CCONJ
fbem-22318	121	31	strengthens	strengthen	VERB
fbem-22318	121	32	the	the	DET
fbem-22318	121	33	motivation	motivation	NOUN
fbem-22318	121	34	of	of	ADP
fbem-22318	121	35	local	local	ADJ
fbem-22318	121	36	environmental	environmental	ADJ
fbem-22318	121	37	governance	governance	NOUN
fbem-22318	121	38	by	by	ADP
fbem-22318	121	39	strengthening	strengthen	VERB
fbem-22318	121	40	the	the	DET
fbem-22318	121	41	supervision	supervision	NOUN
fbem-22318	121	42	of	of	ADP
fbem-22318	121	43	the	the	DET
fbem-22318	121	44	implementation	implementation	NOUN
fbem-22318	121	45	of	of	ADP
fbem-22318	121	46	local	local	ADJ
fbem-22318	121	47	environmental	environmental	ADJ
fbem-22318	121	48	policies	policy	NOUN
fbem-22318	121	49	,	,	PUNCT
fbem-22318	121	50	which	which	PRON
fbem-22318	121	51	further	far	ADV
fbem-22318	121	52	affects	affect	VERB
fbem-22318	121	53	the	the	DET
fbem-22318	121	54	governance	governance	NOUN
fbem-22318	121	55	behavior	behavior	NOUN
fbem-22318	121	56	of	of	ADP
fbem-22318	121	57	environmental	environmental	ADJ
fbem-22318	121	58	protection	protection	NOUN
fbem-22318	121	59	enterprises	enterprise	NOUN
fbem-22318	121	60	,	,	PUNCT
fbem-22318	121	61	and	and	CCONJ
fbem-22318	121	62	finally	finally	ADV
fbem-22318	121	63	affects	affect	VERB
fbem-22318	121	64	the	the	DET
fbem-22318	121	65	performance	performance	NOUN
fbem-22318	121	66	of	of	ADP
fbem-22318	121	67	environmental	environmental	ADJ
fbem-22318	121	68	protection	protection	NOUN
fbem-22318	121	69	enterprises	enterprise	NOUN
fbem-22318	121	70	.	.	PUNCT
fbem-22318	122	1	in	in	ADP
fbem-22318	122	2	this	this	DET
fbem-22318	122	3	context	context	NOUN
fbem-22318	122	4	,	,	PUNCT
fbem-22318	122	5	local	local	ADJ
fbem-22318	122	6	governments	government	NOUN
fbem-22318	122	7	have	have	VERB
fbem-22318	122	8	a	a	DET
fbem-22318	122	9	large	large	ADJ
fbem-22318	122	10	policy	policy	NOUN
fbem-22318	122	11	space	space	NOUN
fbem-22318	122	12	to	to	PART
fbem-22318	122	13	regulate	regulate	VERB
fbem-22318	122	14	and	and	CCONJ
fbem-22318	122	15	guide	guide	VERB
fbem-22318	122	16	the	the	DET
fbem-22318	122	17	environmental	environmental	ADJ
fbem-22318	122	18	governance	governance	NOUN
fbem-22318	122	19	behavior	behavior	NOUN
fbem-22318	122	20	of	of	ADP
fbem-22318	122	21	enterprises	enterprise	NOUN
fbem-22318	122	22	,	,	PUNCT
fbem-22318	122	23	and	and	CCONJ
fbem-22318	122	24	the	the	DET
fbem-22318	122	25	choice	choice	NOUN
fbem-22318	122	26	of	of	ADP
fbem-22318	122	27	different	different	ADJ
fbem-22318	122	28	policy	policy	NOUN
fbem-22318	122	29	tools	tool	NOUN
fbem-22318	122	30	will	will	AUX
fbem-22318	122	31	directly	directly	ADV
fbem-22318	122	32	affect	affect	VERB
fbem-22318	122	33	the	the	DET
fbem-22318	122	34	environmental	environmental	ADJ
fbem-22318	122	35	governance	governance	NOUN
fbem-22318	122	36	behavior	behavior	NOUN
fbem-22318	122	37	and	and	CCONJ
fbem-22318	122	38	production	production	NOUN
fbem-22318	122	39	and	and	CCONJ
fbem-22318	122	40	operation	operation	NOUN
fbem-22318	122	41	status	status	NOUN
fbem-22318	122	42	of	of	ADP
fbem-22318	122	43	enterprises	enterprise	NOUN
fbem-22318	122	44	in	in	ADP
fbem-22318	122	45	the	the	DET
fbem-22318	122	46	future	future	NOUN
fbem-22318	122	47	.	.	PUNCT
fbem-22318	123	1	therefore	therefore	ADV
fbem-22318	123	2	,	,	PUNCT
fbem-22318	123	3	it	it	PRON
fbem-22318	123	4	is	be	AUX
fbem-22318	123	5	of	of	ADP
fbem-22318	123	6	great	great	ADJ
fbem-22318	123	7	significance	significance	NOUN
fbem-22318	123	8	to	to	PART
fbem-22318	123	9	explore	explore	VERB
fbem-22318	123	10	the	the	DET
fbem-22318	123	11	mechanism	mechanism	NOUN
fbem-22318	123	12	of	of	ADP
fbem-22318	123	13	central	central	ADJ
fbem-22318	123	14	environmental	environmental	ADJ
fbem-22318	123	15	supervision	supervision	NOUN
fbem-22318	123	16	inhibiting	inhibit	VERB
fbem-22318	123	17	the	the	DET
fbem-22318	123	18	performance	performance	NOUN
fbem-22318	123	19	of	of	ADP
fbem-22318	123	20	environmental	environmental	ADJ
fbem-22318	123	21	protection	protection	NOUN
fbem-22318	123	22	enterprises	enterprise	NOUN
fbem-22318	123	23	.	.	PUNCT
fbem-22318	124	1	4.2.1	4.2.1	X
fbem-22318	124	2	.	.	PUNCT
fbem-22318	125	1	mediating	mediate	VERB
fbem-22318	125	2	effect	effect	NOUN
fbem-22318	125	3	of	of	ADP
fbem-22318	125	4	environmental	environmental	ADJ
fbem-22318	125	5	regulation	regulation	NOUN
fbem-22318	125	6	environmental	environmental	ADJ
fbem-22318	125	7	supervision	supervision	NOUN
fbem-22318	125	8	is	be	AUX
fbem-22318	125	9	divided	divide	VERB
fbem-22318	125	10	into	into	ADP
fbem-22318	125	11	local	local	ADJ
fbem-22318	125	12	government	government	NOUN
fbem-22318	125	13	environmental	environmental	ADJ
fbem-22318	125	14	supervision	supervision	NOUN
fbem-22318	125	15	and	and	CCONJ
fbem-22318	125	16	public	public	ADJ
fbem-22318	125	17	opinion	opinion	NOUN
fbem-22318	125	18	supervision	supervision	NOUN
fbem-22318	125	19	.	.	PUNCT
fbem-22318	126	1	the	the	DET
fbem-22318	126	2	former	former	ADJ
fbem-22318	126	3	means	mean	VERB
fbem-22318	126	4	that	that	SCONJ
fbem-22318	126	5	local	local	ADJ
fbem-22318	126	6	governments	government	NOUN
fbem-22318	126	7	impose	impose	VERB
fbem-22318	126	8	hard	hard	ADJ
fbem-22318	126	9	constraints	constraint	NOUN
fbem-22318	126	10	on	on	ADP
fbem-22318	126	11	the	the	DET
fbem-22318	126	12	disclosure	disclosure	NOUN
fbem-22318	126	13	of	of	ADP
fbem-22318	126	14	environmental	environmental	ADJ
fbem-22318	126	15	information	information	NOUN
fbem-22318	126	16	by	by	ADP
fbem-22318	126	17	increasing	increase	VERB
fbem-22318	126	18	penalties	penalty	NOUN
fbem-22318	126	19	for	for	ADP
fbem-22318	126	20	environmental	environmental	ADJ
fbem-22318	126	21	violations	violation	NOUN
fbem-22318	126	22	,	,	PUNCT
fbem-22318	126	23	increasing	increase	VERB
fbem-22318	126	24	the	the	DET
fbem-22318	126	25	cost	cost	NOUN
fbem-22318	126	26	of	of	ADP
fbem-22318	126	27	enterprise	enterprise	NOUN
fbem-22318	126	28	violations	violation	NOUN
fbem-22318	126	29	,	,	PUNCT
fbem-22318	126	30	and	and	CCONJ
fbem-22318	126	31	taking	take	VERB
fbem-22318	126	32	laws	law	NOUN
fbem-22318	126	33	and	and	CCONJ
fbem-22318	126	34	regulations	regulation	NOUN
fbem-22318	126	35	as	as	ADP
fbem-22318	126	36	direct	direct	ADJ
fbem-22318	126	37	means	mean	NOUN
fbem-22318	126	38	,	,	PUNCT
fbem-22318	126	39	supplemented	supplement	VERB
fbem-22318	126	40	by	by	ADP
fbem-22318	126	41	other	other	ADJ
fbem-22318	126	42	means	mean	NOUN
fbem-22318	126	43	such	such	ADJ
fbem-22318	126	44	as	as	ADP
fbem-22318	126	45	environmental	environmental	ADJ
fbem-22318	126	46	information	information	NOUN
fbem-22318	126	47	disclosure	disclosure	NOUN
fbem-22318	126	48	,	,	PUNCT
fbem-22318	126	49	environmental	environmental	ADJ
fbem-22318	126	50	standards	standard	NOUN
fbem-22318	126	51	or	or	CCONJ
fbem-22318	126	52	agreements	agreement	NOUN
fbem-22318	126	53	(	(	PUNCT
fbem-22318	126	54	wang	wang	PROPN
fbem-22318	126	55	jianming	jianming	PROPN
fbem-22318	126	56	,	,	PUNCT
fbem-22318	126	57	2008	2008	NUM
fbem-22318	126	58	)	)	PUNCT
fbem-22318	126	59	.	.	PUNCT
fbem-22318	127	1	the	the	DET
fbem-22318	127	2	latter	latter	ADJ
fbem-22318	127	3	means	mean	VERB
fbem-22318	127	4	that	that	SCONJ
fbem-22318	127	5	enterprises	enterprise	NOUN
fbem-22318	127	6	'	'	PART
fbem-22318	127	7	environmental	environmental	ADJ
fbem-22318	127	8	governance	governance	NOUN
fbem-22318	127	9	behaviors	behavior	NOUN
fbem-22318	127	10	and	and	CCONJ
fbem-22318	127	11	social	social	ADJ
fbem-22318	127	12	responsibilities	responsibility	NOUN
fbem-22318	127	13	are	be	AUX
fbem-22318	127	14	influenced	influence	VERB
fbem-22318	127	15	by	by	ADP
fbem-22318	127	16	social	social	ADJ
fbem-22318	127	17	mechanisms	mechanism	NOUN
fbem-22318	127	18	such	such	ADJ
fbem-22318	127	19	as	as	ADP
fbem-22318	127	20	media	medium	NOUN
fbem-22318	127	21	,	,	PUNCT
fbem-22318	127	22	ngos	ngo	NOUN
fbem-22318	127	23	,	,	PUNCT
fbem-22318	127	24	and	and	CCONJ
fbem-22318	127	25	environmental	environmental	ADJ
fbem-22318	127	26	accidents	accident	NOUN
fbem-22318	127	27	,	,	PUNCT
fbem-22318	127	28	and	and	CCONJ
fbem-22318	127	29	these	these	DET
fbem-22318	127	30	pressures	pressure	NOUN
fbem-22318	127	31	play	play	VERB
fbem-22318	127	32	a	a	DET
fbem-22318	127	33	role	role	NOUN
fbem-22318	127	34	through	through	ADP
fbem-22318	127	35	the	the	DET
fbem-22318	127	36	supervision	supervision	NOUN
fbem-22318	127	37	mechanism	mechanism	NOUN
fbem-22318	127	38	of	of	ADP
fbem-22318	127	39	public	public	ADJ
fbem-22318	127	40	opinion	opinion	NOUN
fbem-22318	127	41	.	.	PUNCT
fbem-22318	128	1	as	as	ADP
fbem-22318	128	2	an	an	DET
fbem-22318	128	3	important	important	ADJ
fbem-22318	128	4	participant	participant	NOUN
fbem-22318	128	5	in	in	ADP
fbem-22318	128	6	the	the	DET
fbem-22318	128	7	environmental	environmental	ADJ
fbem-22318	128	8	governance	governance	NOUN
fbem-22318	128	9	system	system	NOUN
fbem-22318	128	10	,	,	PUNCT
fbem-22318	128	11	environmental	environmental	ADJ
fbem-22318	128	12	protection	protection	NOUN
fbem-22318	128	13	enterprises	enterprise	NOUN
fbem-22318	128	14	will	will	AUX
fbem-22318	128	15	inevitably	inevitably	ADV
fbem-22318	128	16	be	be	AUX
fbem-22318	128	17	subject	subject	ADJ
fbem-22318	128	18	to	to	ADP
fbem-22318	128	19	more	more	ADV
fbem-22318	128	20	stringent	stringent	ADJ
fbem-22318	128	21	environmental	environmental	ADJ
fbem-22318	128	22	behavior	behavior	NOUN
fbem-22318	128	23	supervision	supervision	NOUN
fbem-22318	128	24	by	by	ADP
fbem-22318	128	25	local	local	ADJ
fbem-22318	128	26	governments	government	NOUN
fbem-22318	128	27	and	and	CCONJ
fbem-22318	128	28	more	more	ADJ
fbem-22318	128	29	public	public	ADJ
fbem-22318	128	30	supervision	supervision	NOUN
fbem-22318	128	31	under	under	ADP
fbem-22318	128	32	the	the	DET
fbem-22318	128	33	second	second	ADJ
fbem-22318	128	34	round	round	NOUN
fbem-22318	128	35	of	of	ADP
fbem-22318	128	36	central	central	ADJ
fbem-22318	128	37	environmental	environmental	PROPN
fbem-22318	128	38	protection	protection	PROPN
fbem-22318	128	39	supervision	supervision	NOUN
fbem-22318	128	40	,	,	PUNCT
fbem-22318	128	41	mainly	mainly	ADV
fbem-22318	128	42	reflected	reflect	VERB
fbem-22318	128	43	in	in	ADP
fbem-22318	128	44	pollution	pollution	NOUN
fbem-22318	128	45	emissions	emission	NOUN
fbem-22318	128	46	,	,	PUNCT
fbem-22318	128	47	energy	energy	NOUN
fbem-22318	128	48	conservation	conservation	NOUN
fbem-22318	128	49	and	and	CCONJ
fbem-22318	128	50	environmental	environmental	ADJ
fbem-22318	128	51	protection	protection	NOUN
fbem-22318	128	52	,	,	PUNCT
fbem-22318	128	53	sustainable	sustainable	ADJ
fbem-22318	128	54	development	development	NOUN
fbem-22318	128	55	,	,	PUNCT
fbem-22318	128	56	social	social	ADJ
fbem-22318	128	57	responsibility	responsibility	NOUN
fbem-22318	128	58	report	report	VERB
fbem-22318	128	59	disclosure	disclosure	NOUN
fbem-22318	128	60	and	and	CCONJ
fbem-22318	128	61	other	other	ADJ
fbem-22318	128	62	aspects	aspect	NOUN
fbem-22318	128	63	.	.	PUNCT
fbem-22318	129	1	due	due	ADP
fbem-22318	129	2	to	to	ADP
fbem-22318	129	3	strict	strict	ADJ
fbem-22318	129	4	environmental	environmental	ADJ
fbem-22318	129	5	supervision	supervision	NOUN
fbem-22318	129	6	from	from	ADP
fbem-22318	129	7	local	local	ADJ
fbem-22318	129	8	governments	government	NOUN
fbem-22318	129	9	and	and	CCONJ
fbem-22318	129	10	public	public	ADJ
fbem-22318	129	11	opinion	opinion	NOUN
fbem-22318	129	12	supervision	supervision	NOUN
fbem-22318	129	13	,	,	PUNCT
fbem-22318	129	14	environmental	environmental	ADJ
fbem-22318	129	15	protection	protection	NOUN
fbem-22318	129	16	enterprises	enterprise	NOUN
fbem-22318	129	17	are	be	AUX
fbem-22318	129	18	under	under	ADP
fbem-22318	129	19	pressure	pressure	NOUN
fbem-22318	129	20	to	to	PART
fbem-22318	129	21	commit	commit	VERB
fbem-22318	129	22	to	to	ADP
fbem-22318	129	23	the	the	DET
fbem-22318	129	24	compliance	compliance	NOUN
fbem-22318	129	25	and	and	CCONJ
fbem-22318	129	26	sustainability	sustainability	NOUN
fbem-22318	129	27	of	of	ADP
fbem-22318	129	28	business	business	NOUN
fbem-22318	129	29	operations	operation	NOUN
fbem-22318	129	30	.	.	PUNCT
fbem-22318	130	1	environmental	environmental	ADJ
fbem-22318	130	2	regulation	regulation	NOUN
fbem-22318	130	3	is	be	AUX
fbem-22318	130	4	equivalent	equivalent	ADJ
fbem-22318	130	5	to	to	ADP
fbem-22318	130	6	imposing	impose	VERB
fbem-22318	130	7	additional	additional	ADJ
fbem-22318	130	8	constraints	constraint	NOUN
fbem-22318	130	9	on	on	ADP
fbem-22318	130	10	the	the	DET
fbem-22318	130	11	decision	decision	NOUN
fbem-22318	130	12	-	-	PUNCT
fbem-22318	130	13	making	make	VERB
fbem-22318	130	14	process	process	NOUN
fbem-22318	130	15	of	of	ADP
fbem-22318	130	16	enterprises	enterprise	NOUN
fbem-22318	130	17	(	(	PUNCT
fbem-22318	130	18	palmer	palmer	PROPN
fbem-22318	130	19	et	et	PROPN
fbem-22318	130	20	al	al	PROPN
fbem-22318	130	21	.	.	PROPN
fbem-22318	130	22	,	,	PUNCT
fbem-22318	130	23	1995	1995	NUM
fbem-22318	130	24	)	)	PUNCT
fbem-22318	130	25	.	.	PUNCT
fbem-22318	131	1	enterprises	enterprise	NOUN
fbem-22318	131	2	in	in	ADP
fbem-22318	131	3	areas	area	NOUN
fbem-22318	131	4	with	with	ADP
fbem-22318	131	5	high	high	ADJ
fbem-22318	131	6	environmental	environmental	ADJ
fbem-22318	131	7	regulation	regulation	NOUN
fbem-22318	131	8	intensity	intensity	NOUN
fbem-22318	131	9	will	will	AUX
fbem-22318	131	10	increase	increase	VERB
fbem-22318	131	11	the	the	DET
fbem-22318	131	12	difficulty	difficulty	NOUN
fbem-22318	131	13	and	and	CCONJ
fbem-22318	131	14	cost	cost	NOUN
fbem-22318	131	15	of	of	ADP
fbem-22318	131	16	production	production	NOUN
fbem-22318	131	17	,	,	PUNCT
fbem-22318	131	18	sales	sale	NOUN
fbem-22318	131	19	and	and	CCONJ
fbem-22318	131	20	management	management	NOUN
fbem-22318	131	21	.	.	PUNCT
fbem-22318	132	1	as	as	ADP
fbem-22318	132	2	a	a	DET
fbem-22318	132	3	result	result	NOUN
fbem-22318	132	4	,	,	PUNCT
fbem-22318	132	5	environmental	environmental	ADJ
fbem-22318	132	6	companies	company	NOUN
fbem-22318	132	7	have	have	VERB
fbem-22318	132	8	to	to	PART
fbem-22318	132	9	bear	bear	VERB
fbem-22318	132	10	additional	additional	ADJ
fbem-22318	132	11	costs	cost	NOUN
fbem-22318	132	12	,	,	PUNCT
fbem-22318	132	13	which	which	PRON
fbem-22318	132	14	may	may	AUX
fbem-22318	132	15	inhibit	inhibit	VERB
fbem-22318	132	16	their	their	PRON
fbem-22318	132	17	performance	performance	NOUN
fbem-22318	132	18	.	.	PUNCT
fbem-22318	133	1	referring	refer	VERB
fbem-22318	133	2	to	to	ADP
fbem-22318	133	3	the	the	DET
fbem-22318	133	4	practice	practice	NOUN
fbem-22318	133	5	of	of	ADP
fbem-22318	133	6	ye	ye	PRON
fbem-22318	133	7	et	et	PROPN
fbem-22318	133	8	al	al	PROPN
fbem-22318	133	9	.	.	PROPN
fbem-22318	134	1	(	(	PUNCT
fbem-22318	134	2	2022	2022	NUM
fbem-22318	134	3	)	)	PUNCT
fbem-22318	134	4	,	,	PUNCT
fbem-22318	134	5	this	this	DET
fbem-22318	134	6	paper	paper	NOUN
fbem-22318	134	7	adopts	adopt	VERB
fbem-22318	134	8	the	the	DET
fbem-22318	134	9	management	management	NOUN
fbem-22318	134	10	expense	expense	NOUN
fbem-22318	134	11	ratio	ratio	NOUN
fbem-22318	134	12	(	(	PUNCT
fbem-22318	134	13	mer	mer	NOUN
fbem-22318	134	14	)	)	PUNCT
fbem-22318	134	15	of	of	ADP
fbem-22318	134	16	enterprises	enterprise	NOUN
fbem-22318	134	17	to	to	PART
fbem-22318	134	18	measure	measure	VERB
fbem-22318	134	19	the	the	DET
fbem-22318	134	20	regulatory	regulatory	ADJ
fbem-22318	134	21	effect	effect	NOUN
fbem-22318	134	22	.	.	PUNCT
fbem-22318	135	1	the	the	PRON
fbem-22318	135	2	higher	high	ADJ
fbem-22318	135	3	the	the	DET
fbem-22318	135	4	mer	mer	PROPN
fbem-22318	135	5	,	,	PUNCT
fbem-22318	135	6	the	the	PRON
fbem-22318	135	7	stronger	strong	ADJ
fbem-22318	135	8	the	the	DET
fbem-22318	135	9	regulatory	regulatory	ADJ
fbem-22318	135	10	effect	effect	NOUN
fbem-22318	135	11	brought	bring	VERB
fbem-22318	135	12	by	by	ADP
fbem-22318	135	13	the	the	DET
fbem-22318	135	14	central	central	ADJ
fbem-22318	135	15	environmental	environmental	ADJ
fbem-22318	135	16	supervision	supervision	NOUN
fbem-22318	135	17	to	to	ADP
fbem-22318	135	18	enterprises	enterprise	NOUN
fbem-22318	135	19	.	.	PUNCT
fbem-22318	136	1	table	table	NOUN
fbem-22318	136	2	4	4	NUM
fbem-22318	136	3	.	.	PUNCT
fbem-22318	137	1	mediating	mediate	VERB
fbem-22318	137	2	effects	effect	NOUN
fbem-22318	137	3	of	of	ADP
fbem-22318	137	4	environmental	environmental	ADJ
fbem-22318	137	5	regulation	regulation	NOUN
fbem-22318	137	6	variable	variable	NOUN
fbem-22318	137	7	(	(	PUNCT
fbem-22318	137	8	1	1	NUM
fbem-22318	137	9	)	)	PUNCT
fbem-22318	137	10	(	(	PUNCT
fbem-22318	137	11	2	2	NUM
fbem-22318	137	12	)	)	PUNCT
fbem-22318	137	13	(	(	PUNCT
fbem-22318	137	14	3	3	X
fbem-22318	137	15	)	)	PUNCT
fbem-22318	137	16	roattm	roattm	PROPN
fbem-22318	137	17	mer	mer	PROPN
fbem-22318	137	18	roattm	roattm	PROPN
fbem-22318	137	19	mer	mer	X
fbem-22318	137	20	-0.265	-0.265	PUNCT
fbem-22318	137	21	*	*	PUNCT
fbem-22318	137	22	*	*	PUNCT
fbem-22318	137	23	*	*	PUNCT
fbem-22318	137	24	(	(	PUNCT
fbem-22318	137	25	0.0423	0.0423	NUM
fbem-22318	137	26	)	)	PUNCT
fbem-22318	137	27	ceps	cep	VERB
fbem-22318	137	28	-0.0275	-0.0275	ADJ
fbem-22318	137	29	*	*	PUNCT
fbem-22318	137	30	*	*	PUNCT
fbem-22318	137	31	*	*	PUNCT
fbem-22318	137	32	0.0192	0.0192	NUM
fbem-22318	137	33	*	*	PUNCT
fbem-22318	137	34	*	*	PUNCT
fbem-22318	137	35	*	*	NOUN
fbem-22318	137	36	-0.0224	-0.0224	PUNCT
fbem-22318	137	37	*	*	PUNCT
fbem-22318	138	1	*	*	PUNCT
fbem-22318	138	2	(	(	PUNCT
fbem-22318	138	3	0.00786	0.00786	NUM
fbem-22318	138	4	)	)	PUNCT
fbem-22318	138	5	(	(	PUNCT
fbem-22318	138	6	0.00533	0.00533	NUM
fbem-22318	138	7	)	)	PUNCT
fbem-22318	138	8	(	(	PUNCT
fbem-22318	138	9	0.00841	0.00841	NUM
fbem-22318	138	10	)	)	PUNCT
fbem-22318	138	11	controls	control	NOUN
fbem-22318	139	1	yes	yes	INTJ
fbem-22318	140	1	yes	yes	INTJ
fbem-22318	141	1	yes	yes	INTJ
fbem-22318	141	2	time	time	NOUN
fbem-22318	141	3	fxed	fxe	VERB
fbem-22318	141	4	efect	efect	NOUN
fbem-22318	142	1	yes	yes	INTJ
fbem-22318	142	2	yes	yes	INTJ
fbem-22318	143	1	yes	yes	INTJ
fbem-22318	143	2	industry	industry	NOUN
fbem-22318	143	3	fxed	fxe	VERB
fbem-22318	143	4	efect	efect	NOUN
fbem-22318	144	1	yes	yes	INTJ
fbem-22318	144	2	yes	yes	INTJ
fbem-22318	144	3	yes	yes	INTJ
fbem-22318	144	4	clustering	clustering	NOUN
fbem-22318	144	5	level	level	NOUN
fbem-22318	144	6	industry	industry	NOUN
fbem-22318	144	7	industry	industry	NOUN
fbem-22318	144	8	industry	industry	NOUN
fbem-22318	144	9	observations	observation	NOUN
fbem-22318	144	10	3,768	3,768	NUM
fbem-22318	144	11	3,768	3,768	NUM
fbem-22318	144	12	3,768	3,768	NUM
fbem-22318	144	13	r	r	NOUN
fbem-22318	144	14	-	-	PUNCT
fbem-22318	144	15	squared	square	VERB
fbem-22318	144	16	0.209	0.209	NUM
fbem-22318	144	17	0.189	0.189	NUM
fbem-22318	144	18	0.267	0.267	ADP
fbem-22318	144	19	*	*	PUNCT
fbem-22318	144	20	*	*	PUNCT
fbem-22318	144	21	*	*	PUNCT
fbem-22318	144	22	,	,	PUNCT
fbem-22318	144	23	*	*	PUNCT
fbem-22318	144	24	*	*	PUNCT
fbem-22318	144	25	and	and	CCONJ
fbem-22318	144	26	*	*	PUNCT
fbem-22318	144	27	indicate	indicate	VERB
fbem-22318	144	28	signifcant	signifcant	ADJ
fbem-22318	144	29	levels	level	NOUN
fbem-22318	144	30	at	at	ADP
fbem-22318	144	31	1	1	NUM
fbem-22318	144	32	%	%	NOUN
fbem-22318	144	33	,	,	PUNCT
fbem-22318	144	34	5	5	NUM
fbem-22318	144	35	%	%	NOUN
fbem-22318	144	36	and	and	CCONJ
fbem-22318	144	37	10	10	NUM
fbem-22318	144	38	%	%	NOUN
fbem-22318	144	39	respectively	respectively	ADV
fbem-22318	144	40	,	,	PUNCT
fbem-22318	144	41	and	and	CCONJ
fbem-22318	144	42	robust	robust	ADJ
fbem-22318	144	43	standard	standard	ADJ
fbem-22318	144	44	errors	error	NOUN
fbem-22318	144	45	are	be	AUX
fbem-22318	144	46	reported	report	VERB
fbem-22318	144	47	in	in	ADP
fbem-22318	144	48	parentheses	parenthesis	NOUN
fbem-22318	144	49	as	as	SCONJ
fbem-22318	144	50	shown	show	VERB
fbem-22318	144	51	in	in	ADP
fbem-22318	144	52	table	table	NOUN
fbem-22318	144	53	4	4	NUM
fbem-22318	144	54	,	,	PUNCT
fbem-22318	144	55	column	column	NOUN
fbem-22318	144	56	(	(	PUNCT
fbem-22318	144	57	1	1	X
fbem-22318	144	58	)	)	PUNCT
fbem-22318	144	59	is	be	AUX
fbem-22318	144	60	the	the	DET
fbem-22318	144	61	baseline	baseline	PROPN
fbem-22318	144	62	regression	regression	NOUN
fbem-22318	144	63	,	,	PUNCT
fbem-22318	144	64	indicating	indicate	VERB
fbem-22318	144	65	that	that	SCONJ
fbem-22318	144	66	the	the	DET
fbem-22318	144	67	enactment	enactment	NOUN
fbem-22318	144	68	of	of	ADP
fbem-22318	144	69	the	the	DET
fbem-22318	144	70	regulations	regulation	NOUN
fbem-22318	144	71	has	have	VERB
fbem-22318	144	72	a	a	DET
fbem-22318	144	73	375	375	NUM
fbem-22318	144	74	inhibitory	inhibitory	ADJ
fbem-22318	144	75	effect	effect	NOUN
fbem-22318	144	76	on	on	ADP
fbem-22318	144	77	the	the	DET
fbem-22318	144	78	performance	performance	NOUN
fbem-22318	144	79	of	of	ADP
fbem-22318	144	80	environmental	environmental	ADJ
fbem-22318	144	81	protection	protection	NOUN
fbem-22318	144	82	enterprises	enterprise	NOUN
fbem-22318	144	83	;	;	PUNCT
fbem-22318	144	84	the	the	DET
fbem-22318	144	85	cross	cross	ADJ
fbem-22318	144	86	-	-	ADJ
fbem-22318	144	87	multiplying	multiplying	ADJ
fbem-22318	144	88	coefficient	coefficient	NOUN
fbem-22318	144	89	of	of	ADP
fbem-22318	144	90	ceps	cep	NOUN
fbem-22318	144	91	in	in	ADP
fbem-22318	144	92	column	column	NOUN
fbem-22318	144	93	(	(	PUNCT
fbem-22318	144	94	2	2	NUM
fbem-22318	144	95	)	)	PUNCT
fbem-22318	144	96	is	be	AUX
fbem-22318	144	97	0.0192	0.0192	NUM
fbem-22318	144	98	,	,	PUNCT
fbem-22318	144	99	indicating	indicate	VERB
fbem-22318	144	100	that	that	SCONJ
fbem-22318	144	101	the	the	DET
fbem-22318	144	102	introduction	introduction	NOUN
fbem-22318	144	103	of	of	ADP
fbem-22318	144	104	the	the	DET
fbem-22318	144	105	regulations	regulation	NOUN
fbem-22318	144	106	has	have	AUX
fbem-22318	144	107	increased	increase	VERB
fbem-22318	144	108	the	the	DET
fbem-22318	144	109	rate	rate	NOUN
fbem-22318	144	110	of	of	ADP
fbem-22318	144	111	management	management	NOUN
fbem-22318	144	112	expenses	expense	NOUN
fbem-22318	144	113	of	of	ADP
fbem-22318	144	114	environmental	environmental	ADJ
fbem-22318	144	115	protection	protection	NOUN
fbem-22318	144	116	enterprises	enterprise	NOUN
fbem-22318	144	117	.	.	PUNCT
fbem-22318	145	1	in	in	ADP
fbem-22318	145	2	column	column	NOUN
fbem-22318	145	3	(	(	PUNCT
fbem-22318	145	4	3	3	NUM
fbem-22318	145	5	)	)	PUNCT
fbem-22318	145	6	,	,	PUNCT
fbem-22318	145	7	the	the	DET
fbem-22318	145	8	mer	mer	PROPN
fbem-22318	145	9	coefficient	coefficient	NOUN
fbem-22318	145	10	is	be	AUX
fbem-22318	145	11	significantly	significantly	ADV
fbem-22318	145	12	-0.265	-0.265	PUNCT
fbem-22318	145	13	and	and	CCONJ
fbem-22318	145	14	the	the	DET
fbem-22318	145	15	coefficient	coefficient	NOUN
fbem-22318	145	16	of	of	ADP
fbem-22318	145	17	ceps	ceps	PROPN
fbem-22318	145	18	is	be	AUX
fbem-22318	145	19	-0.0224	-0.0224	ADJ
fbem-22318	145	20	,	,	PUNCT
fbem-22318	145	21	indicating	indicate	VERB
fbem-22318	145	22	that	that	SCONJ
fbem-22318	145	23	the	the	DET
fbem-22318	145	24	introduction	introduction	NOUN
fbem-22318	145	25	of	of	ADP
fbem-22318	145	26	the	the	DET
fbem-22318	145	27	regulations	regulation	NOUN
fbem-22318	145	28	will	will	AUX
fbem-22318	145	29	inhibit	inhibit	VERB
fbem-22318	145	30	the	the	DET
fbem-22318	145	31	performance	performance	NOUN
fbem-22318	145	32	of	of	ADP
fbem-22318	145	33	environmental	environmental	ADJ
fbem-22318	145	34	protection	protection	NOUN
fbem-22318	145	35	enterprises	enterprise	NOUN
fbem-22318	145	36	by	by	ADP
fbem-22318	145	37	increasing	increase	VERB
fbem-22318	145	38	the	the	DET
fbem-22318	145	39	rate	rate	NOUN
fbem-22318	145	40	of	of	ADP
fbem-22318	145	41	management	management	NOUN
fbem-22318	145	42	expenses	expense	NOUN
fbem-22318	145	43	of	of	ADP
fbem-22318	145	44	environmental	environmental	ADJ
fbem-22318	145	45	protection	protection	NOUN
fbem-22318	145	46	enterprises	enterprise	NOUN
fbem-22318	145	47	.	.	PUNCT
fbem-22318	146	1	analyzing	analyze	VERB
fbem-22318	146	2	the	the	DET
fbem-22318	146	3	reasons	reason	NOUN
fbem-22318	146	4	,	,	PUNCT
fbem-22318	146	5	enterprises	enterprise	NOUN
fbem-22318	146	6	in	in	ADP
fbem-22318	146	7	high	high	ADJ
fbem-22318	146	8	environmental	environmental	ADJ
fbem-22318	146	9	regulation	regulation	NOUN
fbem-22318	146	10	areas	area	NOUN
fbem-22318	146	11	require	require	VERB
fbem-22318	146	12	a	a	DET
fbem-22318	146	13	large	large	ADJ
fbem-22318	146	14	capital	capital	NOUN
fbem-22318	146	15	cost	cost	NOUN
fbem-22318	146	16	in	in	ADP
fbem-22318	146	17	equipment	equipment	NOUN
fbem-22318	146	18	procurement	procurement	NOUN
fbem-22318	146	19	,	,	PUNCT
fbem-22318	146	20	research	research	NOUN
fbem-22318	146	21	and	and	CCONJ
fbem-22318	146	22	development	development	NOUN
fbem-22318	146	23	and	and	CCONJ
fbem-22318	146	24	process	process	NOUN
fbem-22318	146	25	upgrading	upgrading	NOUN
fbem-22318	146	26	,	,	PUNCT
fbem-22318	146	27	and	and	CCONJ
fbem-22318	146	28	enterprises	enterprise	NOUN
fbem-22318	146	29	may	may	AUX
fbem-22318	146	30	reduce	reduce	VERB
fbem-22318	146	31	capital	capital	NOUN
fbem-22318	146	32	investment	investment	NOUN
fbem-22318	146	33	in	in	ADP
fbem-22318	146	34	research	research	NOUN
fbem-22318	146	35	and	and	CCONJ
fbem-22318	146	36	development	development	NOUN
fbem-22318	146	37	,	,	PUNCT
fbem-22318	146	38	production	production	NOUN
fbem-22318	146	39	and	and	CCONJ
fbem-22318	146	40	investment	investment	NOUN
fbem-22318	146	41	activities	activity	NOUN
fbem-22318	146	42	,	,	PUNCT
fbem-22318	146	43	thereby	thereby	ADV
fbem-22318	146	44	losing	lose	VERB
fbem-22318	146	45	market	market	NOUN
fbem-22318	146	46	share	share	NOUN
fbem-22318	146	47	and	and	CCONJ
fbem-22318	146	48	competitive	competitive	ADJ
fbem-22318	146	49	advantage	advantage	NOUN
fbem-22318	146	50	,	,	PUNCT
fbem-22318	146	51	and	and	CCONJ
fbem-22318	146	52	damaging	damage	VERB
fbem-22318	146	53	their	their	PRON
fbem-22318	146	54	performance	performance	NOUN
fbem-22318	146	55	and	and	CCONJ
fbem-22318	146	56	productivity	productivity	NOUN
fbem-22318	146	57	(	(	PUNCT
fbem-22318	146	58	zhang	zhang	PROPN
fbem-22318	146	59	&	&	CCONJ
fbem-22318	146	60	vigne	vigne	PROPN
fbem-22318	146	61	,	,	PUNCT
fbem-22318	146	62	2021	2021	NUM
fbem-22318	146	63	)	)	PUNCT
fbem-22318	146	64	.	.	PUNCT
fbem-22318	147	1	under	under	ADP
fbem-22318	147	2	the	the	DET
fbem-22318	147	3	implementation	implementation	NOUN
fbem-22318	147	4	of	of	ADP
fbem-22318	147	5	the	the	DET
fbem-22318	147	6	second	second	ADJ
fbem-22318	147	7	round	round	NOUN
fbem-22318	147	8	of	of	ADP
fbem-22318	147	9	central	central	ADJ
fbem-22318	147	10	environmental	environmental	PROPN
fbem-22318	147	11	protection	protection	PROPN
fbem-22318	147	12	supervision	supervision	NOUN
fbem-22318	147	13	,	,	PUNCT
fbem-22318	147	14	environmental	environmental	ADJ
fbem-22318	147	15	protection	protection	NOUN
fbem-22318	147	16	enterprises	enterprise	NOUN
fbem-22318	147	17	face	face	VERB
fbem-22318	147	18	stronger	strong	ADJ
fbem-22318	147	19	environmental	environmental	ADJ
fbem-22318	147	20	supervision	supervision	NOUN
fbem-22318	147	21	by	by	ADP
fbem-22318	147	22	local	local	ADJ
fbem-22318	147	23	governments	government	NOUN
fbem-22318	147	24	and	and	CCONJ
fbem-22318	147	25	more	more	ADJ
fbem-22318	147	26	supervision	supervision	NOUN
fbem-22318	147	27	by	by	ADP
fbem-22318	147	28	public	public	ADJ
fbem-22318	147	29	opinion	opinion	NOUN
fbem-22318	147	30	,	,	PUNCT
fbem-22318	147	31	and	and	CCONJ
fbem-22318	147	32	bear	bear	VERB
fbem-22318	147	33	additional	additional	ADJ
fbem-22318	147	34	costs	cost	NOUN
fbem-22318	147	35	for	for	ADP
fbem-22318	147	36	the	the	DET
fbem-22318	147	37	compliance	compliance	NOUN
fbem-22318	147	38	and	and	CCONJ
fbem-22318	147	39	sustainability	sustainability	NOUN
fbem-22318	147	40	of	of	ADP
fbem-22318	147	41	business	business	NOUN
fbem-22318	147	42	operations	operation	NOUN
fbem-22318	147	43	,	,	PUNCT
fbem-22318	147	44	thus	thus	ADV
fbem-22318	147	45	reducing	reduce	VERB
fbem-22318	147	46	the	the	DET
fbem-22318	147	47	performance	performance	NOUN
fbem-22318	147	48	of	of	ADP
fbem-22318	147	49	environmental	environmental	ADJ
fbem-22318	147	50	protection	protection	NOUN
fbem-22318	147	51	enterprises	enterprise	NOUN
fbem-22318	147	52	.	.	PUNCT
fbem-22318	148	1	4.2.2	4.2.2	X
fbem-22318	148	2	.	.	PUNCT
fbem-22318	149	1	the	the	DET
fbem-22318	149	2	intermediary	intermediary	ADJ
fbem-22318	149	3	effect	effect	NOUN
fbem-22318	149	4	of	of	ADP
fbem-22318	149	5	technological	technological	ADJ
fbem-22318	149	6	innovation	innovation	NOUN
fbem-22318	149	7	porter	porter	NOUN
fbem-22318	149	8	's	's	PART
fbem-22318	149	9	hypothesis	hypothesis	NOUN
fbem-22318	149	10	holds	hold	VERB
fbem-22318	149	11	that	that	SCONJ
fbem-22318	149	12	although	although	SCONJ
fbem-22318	149	13	environmental	environmental	ADJ
fbem-22318	149	14	regulations	regulation	NOUN
fbem-22318	149	15	increase	increase	VERB
fbem-22318	149	16	production	production	NOUN
fbem-22318	149	17	costs	cost	NOUN
fbem-22318	149	18	in	in	ADP
fbem-22318	149	19	the	the	DET
fbem-22318	149	20	short	short	ADJ
fbem-22318	149	21	term	term	NOUN
fbem-22318	149	22	,	,	PUNCT
fbem-22318	149	23	appropriate	appropriate	ADJ
fbem-22318	149	24	environmental	environmental	ADJ
fbem-22318	149	25	regulations	regulation	NOUN
fbem-22318	149	26	are	be	AUX
fbem-22318	149	27	beneficial	beneficial	ADJ
fbem-22318	149	28	and	and	CCONJ
fbem-22318	149	29	can	can	AUX
fbem-22318	149	30	stimulate	stimulate	VERB
fbem-22318	149	31	r&d	r&d	NOUN
fbem-22318	149	32	investment	investment	NOUN
fbem-22318	149	33	and	and	CCONJ
fbem-22318	149	34	enterprise	enterprise	NOUN
fbem-22318	149	35	innovation	innovation	NOUN
fbem-22318	149	36	.	.	PUNCT
fbem-22318	150	1	the	the	DET
fbem-22318	150	2	resulting	result	VERB
fbem-22318	150	3	improvements	improvement	NOUN
fbem-22318	150	4	in	in	ADP
fbem-22318	150	5	technological	technological	ADJ
fbem-22318	150	6	production	production	NOUN
fbem-22318	150	7	processes	process	NOUN
fbem-22318	150	8	can	can	AUX
fbem-22318	150	9	compensate	compensate	VERB
fbem-22318	150	10	for	for	ADP
fbem-22318	150	11	environmental	environmental	ADJ
fbem-22318	150	12	regulatory	regulatory	ADJ
fbem-22318	150	13	costs	cost	NOUN
fbem-22318	150	14	and	and	CCONJ
fbem-22318	150	15	further	far	ADV
fbem-22318	150	16	improve	improve	VERB
fbem-22318	150	17	corporate	corporate	ADJ
fbem-22318	150	18	performance	performance	NOUN
fbem-22318	150	19	.	.	PUNCT
fbem-22318	151	1	however	however	ADV
fbem-22318	151	2	,	,	PUNCT
fbem-22318	151	3	under	under	ADP
fbem-22318	151	4	the	the	DET
fbem-22318	151	5	second	second	ADJ
fbem-22318	151	6	round	round	NOUN
fbem-22318	151	7	of	of	ADP
fbem-22318	151	8	central	central	ADJ
fbem-22318	151	9	ecological	ecological	ADJ
fbem-22318	151	10	and	and	CCONJ
fbem-22318	151	11	environmental	environmental	ADJ
fbem-22318	151	12	protection	protection	NOUN
fbem-22318	151	13	supervision	supervision	NOUN
fbem-22318	151	14	,	,	PUNCT
fbem-22318	151	15	environmental	environmental	ADJ
fbem-22318	151	16	protection	protection	NOUN
fbem-22318	151	17	enterprises	enterprise	NOUN
fbem-22318	151	18	,	,	PUNCT
fbem-22318	151	19	as	as	ADP
fbem-22318	151	20	important	important	ADJ
fbem-22318	151	21	participants	participant	NOUN
fbem-22318	151	22	in	in	ADP
fbem-22318	151	23	environmental	environmental	ADJ
fbem-22318	151	24	governance	governance	NOUN
fbem-22318	151	25	,	,	PUNCT
fbem-22318	151	26	will	will	AUX
fbem-22318	151	27	naturally	naturally	ADV
fbem-22318	151	28	receive	receive	VERB
fbem-22318	151	29	special	special	ADJ
fbem-22318	151	30	attention	attention	NOUN
fbem-22318	151	31	from	from	ADP
fbem-22318	151	32	local	local	ADJ
fbem-22318	151	33	governments	government	NOUN
fbem-22318	151	34	and	and	CCONJ
fbem-22318	151	35	the	the	DET
fbem-22318	151	36	public	public	NOUN
fbem-22318	151	37	.	.	PUNCT
fbem-22318	152	1	from	from	ADP
fbem-22318	152	2	the	the	DET
fbem-22318	152	3	empirical	empirical	ADJ
fbem-22318	152	4	analysis	analysis	NOUN
fbem-22318	152	5	above	above	ADV
fbem-22318	152	6	,	,	PUNCT
fbem-22318	152	7	we	we	PRON
fbem-22318	152	8	can	can	AUX
fbem-22318	152	9	conclude	conclude	VERB
fbem-22318	152	10	that	that	SCONJ
fbem-22318	152	11	environmental	environmental	ADJ
fbem-22318	152	12	protection	protection	NOUN
fbem-22318	152	13	enterprises	enterprise	NOUN
fbem-22318	152	14	have	have	AUX
fbem-22318	152	15	increased	increase	VERB
fbem-22318	152	16	their	their	PRON
fbem-22318	152	17	management	management	NOUN
fbem-22318	152	18	cost	cost	NOUN
fbem-22318	152	19	rate	rate	NOUN
fbem-22318	152	20	after	after	ADP
fbem-22318	152	21	the	the	DET
fbem-22318	152	22	second	second	ADJ
fbem-22318	152	23	round	round	NOUN
fbem-22318	152	24	of	of	ADP
fbem-22318	152	25	central	central	ADJ
fbem-22318	152	26	environmental	environmental	PROPN
fbem-22318	152	27	protection	protection	PROPN
fbem-22318	152	28	supervision	supervision	NOUN
fbem-22318	152	29	.	.	PUNCT
fbem-22318	153	1	in	in	ADP
fbem-22318	153	2	other	other	ADJ
fbem-22318	153	3	words	word	NOUN
fbem-22318	153	4	,	,	PUNCT
fbem-22318	153	5	environmental	environmental	ADJ
fbem-22318	153	6	protection	protection	NOUN
fbem-22318	153	7	enterprises	enterprise	NOUN
fbem-22318	153	8	face	face	VERB
fbem-22318	153	9	huge	huge	ADJ
fbem-22318	153	10	pressure	pressure	NOUN
fbem-22318	153	11	of	of	ADP
fbem-22318	153	12	environmental	environmental	ADJ
fbem-22318	153	13	regulation	regulation	NOUN
fbem-22318	153	14	and	and	CCONJ
fbem-22318	153	15	need	need	VERB
fbem-22318	153	16	to	to	PART
fbem-22318	153	17	bear	bear	VERB
fbem-22318	153	18	more	more	ADJ
fbem-22318	153	19	compliance	compliance	NOUN
fbem-22318	153	20	costs	cost	NOUN
fbem-22318	153	21	.	.	PUNCT
fbem-22318	154	1	in	in	ADP
fbem-22318	154	2	addition	addition	NOUN
fbem-22318	154	3	,	,	PUNCT
fbem-22318	154	4	in	in	ADP
fbem-22318	154	5	the	the	DET
fbem-22318	154	6	second	second	ADJ
fbem-22318	154	7	round	round	NOUN
fbem-22318	154	8	of	of	ADP
fbem-22318	154	9	central	central	ADJ
fbem-22318	154	10	environmental	environmental	ADJ
fbem-22318	154	11	inspectors	inspector	NOUN
fbem-22318	154	12	on	on	ADP
fbem-22318	154	13	the	the	DET
fbem-22318	154	14	content	content	NOUN
fbem-22318	154	15	of	of	ADP
fbem-22318	154	16	the	the	DET
fbem-22318	154	17	"	"	PUNCT
fbem-22318	154	18	provisions	provision	NOUN
fbem-22318	154	19	"	"	PUNCT
fbem-22318	154	20	to	to	PART
fbem-22318	154	21	implement	implement	VERB
fbem-22318	154	22	the	the	DET
fbem-22318	154	23	new	new	ADJ
fbem-22318	154	24	development	development	NOUN
fbem-22318	154	25	concept	concept	NOUN
fbem-22318	154	26	,	,	PUNCT
fbem-22318	154	27	to	to	PART
fbem-22318	154	28	promote	promote	VERB
fbem-22318	154	29	highquality	highquality	NOUN
fbem-22318	154	30	development	development	NOUN
fbem-22318	154	31	as	as	ADP
fbem-22318	154	32	the	the	DET
fbem-22318	154	33	content	content	NOUN
fbem-22318	154	34	of	of	ADP
fbem-22318	154	35	the	the	DET
fbem-22318	154	36	inspector	inspector	NOUN
fbem-22318	154	37	,	,	PUNCT
fbem-22318	154	38	to	to	PART
fbem-22318	154	39	further	far	ADV
fbem-22318	154	40	enrich	enrich	VERB
fbem-22318	154	41	the	the	DET
fbem-22318	154	42	connotation	connotation	NOUN
fbem-22318	154	43	of	of	ADP
fbem-22318	154	44	the	the	DET
fbem-22318	154	45	inspector	inspector	NOUN
fbem-22318	154	46	.	.	PUNCT
fbem-22318	155	1	this	this	PRON
fbem-22318	155	2	means	mean	VERB
fbem-22318	155	3	that	that	SCONJ
fbem-22318	155	4	the	the	DET
fbem-22318	155	5	research	research	NOUN
fbem-22318	155	6	and	and	CCONJ
fbem-22318	155	7	development	development	NOUN
fbem-22318	155	8	technology	technology	NOUN
fbem-22318	155	9	of	of	ADP
fbem-22318	155	10	environmental	environmental	ADJ
fbem-22318	155	11	protection	protection	NOUN
fbem-22318	155	12	enterprises	enterprise	NOUN
fbem-22318	155	13	is	be	AUX
fbem-22318	155	14	facing	face	VERB
fbem-22318	155	15	higher	high	ADJ
fbem-22318	155	16	requirements	requirement	NOUN
fbem-22318	155	17	,	,	PUNCT
fbem-22318	155	18	and	and	CCONJ
fbem-22318	155	19	the	the	DET
fbem-22318	155	20	innovation	innovation	NOUN
fbem-22318	155	21	research	research	NOUN
fbem-22318	155	22	and	and	CCONJ
fbem-22318	155	23	development	development	NOUN
fbem-22318	155	24	of	of	ADP
fbem-22318	155	25	environmental	environmental	ADJ
fbem-22318	155	26	protection	protection	NOUN
fbem-22318	155	27	enterprises	enterprise	NOUN
fbem-22318	155	28	should	should	AUX
fbem-22318	155	29	not	not	PART
fbem-22318	155	30	only	only	ADV
fbem-22318	155	31	be	be	AUX
fbem-22318	155	32	limited	limit	VERB
fbem-22318	155	33	to	to	ADP
fbem-22318	155	34	the	the	DET
fbem-22318	155	35	research	research	NOUN
fbem-22318	155	36	and	and	CCONJ
fbem-22318	155	37	development	development	NOUN
fbem-22318	155	38	of	of	ADP
fbem-22318	155	39	end	end	NOUN
fbem-22318	155	40	treatment	treatment	NOUN
fbem-22318	155	41	and	and	CCONJ
fbem-22318	155	42	other	other	ADJ
fbem-22318	155	43	conventional	conventional	ADJ
fbem-22318	155	44	strategic	strategic	ADJ
fbem-22318	155	45	pollution	pollution	NOUN
fbem-22318	155	46	reduction	reduction	NOUN
fbem-22318	155	47	and	and	CCONJ
fbem-22318	155	48	reduction	reduction	NOUN
fbem-22318	155	49	technologies	technology	NOUN
fbem-22318	155	50	,	,	PUNCT
fbem-22318	155	51	but	but	CCONJ
fbem-22318	155	52	should	should	AUX
fbem-22318	155	53	pay	pay	VERB
fbem-22318	155	54	more	more	ADJ
fbem-22318	155	55	attention	attention	NOUN
fbem-22318	155	56	to	to	ADP
fbem-22318	155	57	the	the	DET
fbem-22318	155	58	research	research	NOUN
fbem-22318	155	59	and	and	CCONJ
fbem-22318	155	60	development	development	NOUN
fbem-22318	155	61	of	of	ADP
fbem-22318	155	62	source	source	NOUN
fbem-22318	155	63	control	control	NOUN
fbem-22318	155	64	(	(	PUNCT
fbem-22318	155	65	liu	liu	PROPN
fbem-22318	155	66	jinke	jinke	PROPN
fbem-22318	155	67	,	,	PUNCT
fbem-22318	155	68	2022	2022	NUM
fbem-22318	155	69	)	)	PUNCT
fbem-22318	155	70	.	.	PUNCT
fbem-22318	156	1	as	as	SCONJ
fbem-22318	156	2	shown	show	VERB
fbem-22318	156	3	in	in	ADP
fbem-22318	156	4	table	table	NOUN
fbem-22318	156	5	5	5	NUM
fbem-22318	156	6	,	,	PUNCT
fbem-22318	156	7	column	column	NOUN
fbem-22318	156	8	(	(	PUNCT
fbem-22318	156	9	1	1	X
fbem-22318	156	10	)	)	PUNCT
fbem-22318	156	11	is	be	AUX
fbem-22318	156	12	the	the	DET
fbem-22318	156	13	baseline	baseline	PROPN
fbem-22318	156	14	regression	regression	NOUN
fbem-22318	156	15	,	,	PUNCT
fbem-22318	156	16	indicating	indicate	VERB
fbem-22318	156	17	that	that	SCONJ
fbem-22318	156	18	the	the	DET
fbem-22318	156	19	enactment	enactment	NOUN
fbem-22318	156	20	of	of	ADP
fbem-22318	156	21	the	the	DET
fbem-22318	156	22	regulations	regulation	NOUN
fbem-22318	156	23	has	have	VERB
fbem-22318	156	24	a	a	DET
fbem-22318	156	25	inhibitory	inhibitory	ADJ
fbem-22318	156	26	effect	effect	NOUN
fbem-22318	156	27	on	on	ADP
fbem-22318	156	28	the	the	DET
fbem-22318	156	29	performance	performance	NOUN
fbem-22318	156	30	of	of	ADP
fbem-22318	156	31	environmental	environmental	ADJ
fbem-22318	156	32	protection	protection	NOUN
fbem-22318	156	33	enterprises	enterprise	NOUN
fbem-22318	156	34	;	;	PUNCT
fbem-22318	156	35	the	the	DET
fbem-22318	156	36	cross	cross	ADJ
fbem-22318	156	37	-	-	ADJ
fbem-22318	156	38	multiplication	multiplication	ADJ
fbem-22318	156	39	coefficient	coefficient	NOUN
fbem-22318	156	40	of	of	ADP
fbem-22318	156	41	ceps	cep	NOUN
fbem-22318	156	42	in	in	ADP
fbem-22318	156	43	column	column	NOUN
fbem-22318	156	44	(	(	PUNCT
fbem-22318	156	45	2	2	X
fbem-22318	156	46	)	)	PUNCT
fbem-22318	156	47	is	be	AUX
fbem-22318	156	48	-0.196	-0.196	ADJ
fbem-22318	156	49	,	,	PUNCT
fbem-22318	156	50	indicating	indicate	VERB
fbem-22318	156	51	that	that	SCONJ
fbem-22318	156	52	the	the	DET
fbem-22318	156	53	introduction	introduction	NOUN
fbem-22318	156	54	of	of	ADP
fbem-22318	156	55	the	the	DET
fbem-22318	156	56	regulations	regulation	NOUN
fbem-22318	156	57	reduces	reduce	VERB
fbem-22318	156	58	the	the	DET
fbem-22318	156	59	r&d	r&d	NOUN
fbem-22318	156	60	investment	investment	NOUN
fbem-22318	156	61	of	of	ADP
fbem-22318	156	62	environmental	environmental	ADJ
fbem-22318	156	63	protection	protection	NOUN
fbem-22318	156	64	enterprises	enterprise	NOUN
fbem-22318	156	65	;	;	PUNCT
fbem-22318	156	66	in	in	ADP
fbem-22318	156	67	column	column	NOUN
fbem-22318	156	68	(	(	PUNCT
fbem-22318	156	69	3	3	NUM
fbem-22318	156	70	)	)	PUNCT
fbem-22318	156	71	,	,	PUNCT
fbem-22318	156	72	the	the	DET
fbem-22318	156	73	rd	rd	NOUN
fbem-22318	156	74	coefficient	coefficient	NOUN
fbem-22318	156	75	is	be	AUX
fbem-22318	156	76	significantly	significantly	ADV
fbem-22318	156	77	0.0138	0.0138	NUM
fbem-22318	156	78	and	and	CCONJ
fbem-22318	156	79	the	the	DET
fbem-22318	156	80	coefficient	coefficient	NOUN
fbem-22318	156	81	of	of	ADP
fbem-22318	156	82	ceps	ceps	PROPN
fbem-22318	156	83	is	be	AUX
fbem-22318	156	84	-0.0276	-0.0276	NOUN
fbem-22318	156	85	,	,	PUNCT
fbem-22318	156	86	indicating	indicate	VERB
fbem-22318	156	87	that	that	SCONJ
fbem-22318	156	88	the	the	DET
fbem-22318	156	89	introduction	introduction	NOUN
fbem-22318	156	90	of	of	ADP
fbem-22318	156	91	the	the	DET
fbem-22318	156	92	regulations	regulation	NOUN
fbem-22318	156	93	will	will	AUX
fbem-22318	156	94	inhibit	inhibit	VERB
fbem-22318	156	95	the	the	DET
fbem-22318	156	96	performance	performance	NOUN
fbem-22318	156	97	of	of	ADP
fbem-22318	156	98	environmental	environmental	ADJ
fbem-22318	156	99	protection	protection	NOUN
fbem-22318	156	100	enterprises	enterprise	NOUN
fbem-22318	156	101	by	by	ADP
fbem-22318	156	102	reducing	reduce	VERB
fbem-22318	156	103	their	their	PRON
fbem-22318	156	104	r&d	r&d	NOUN
fbem-22318	156	105	investment	investment	NOUN
fbem-22318	156	106	.	.	PUNCT
fbem-22318	157	1	analysis	analysis	NOUN
fbem-22318	157	2	of	of	ADP
fbem-22318	157	3	the	the	DET
fbem-22318	157	4	reasons	reason	NOUN
fbem-22318	157	5	,	,	PUNCT
fbem-22318	157	6	under	under	ADP
fbem-22318	157	7	the	the	DET
fbem-22318	157	8	second	second	ADJ
fbem-22318	157	9	round	round	NOUN
fbem-22318	157	10	of	of	ADP
fbem-22318	157	11	central	central	ADJ
fbem-22318	157	12	environmental	environmental	PROPN
fbem-22318	157	13	protection	protection	PROPN
fbem-22318	157	14	supervision	supervision	NOUN
fbem-22318	157	15	,	,	PUNCT
fbem-22318	157	16	environmental	environmental	ADJ
fbem-22318	157	17	protection	protection	NOUN
fbem-22318	157	18	enterprises	enterprise	NOUN
fbem-22318	157	19	will	will	AUX
fbem-22318	157	20	face	face	VERB
fbem-22318	157	21	stronger	strong	ADJ
fbem-22318	157	22	environmental	environmental	ADJ
fbem-22318	157	23	regulations	regulation	NOUN
fbem-22318	157	24	,	,	PUNCT
fbem-22318	157	25	which	which	PRON
fbem-22318	157	26	will	will	AUX
fbem-22318	157	27	increase	increase	VERB
fbem-22318	157	28	their	their	PRON
fbem-22318	157	29	corresponding	correspond	VERB
fbem-22318	157	30	compliance	compliance	NOUN
fbem-22318	157	31	costs	cost	NOUN
fbem-22318	157	32	,	,	PUNCT
fbem-22318	157	33	and	and	CCONJ
fbem-22318	157	34	technology	technology	NOUN
fbem-22318	157	35	research	research	NOUN
fbem-22318	157	36	and	and	CCONJ
fbem-22318	157	37	development	development	NOUN
fbem-22318	157	38	has	have	VERB
fbem-22318	157	39	the	the	DET
fbem-22318	157	40	characteristics	characteristic	NOUN
fbem-22318	157	41	of	of	ADP
fbem-22318	157	42	long	long	ADJ
fbem-22318	157	43	cycle	cycle	NOUN
fbem-22318	157	44	,	,	PUNCT
fbem-22318	157	45	high	high	ADJ
fbem-22318	157	46	difficulty	difficulty	NOUN
fbem-22318	157	47	and	and	CCONJ
fbem-22318	157	48	high	high	ADJ
fbem-22318	157	49	risk	risk	NOUN
fbem-22318	157	50	,	,	PUNCT
fbem-22318	157	51	resulting	result	VERB
fbem-22318	157	52	in	in	ADP
fbem-22318	157	53	environmental	environmental	ADJ
fbem-22318	157	54	protection	protection	NOUN
fbem-22318	157	55	enterprises	enterprise	NOUN
fbem-22318	157	56	to	to	PART
fbem-22318	157	57	reduce	reduce	VERB
fbem-22318	157	58	the	the	DET
fbem-22318	157	59	expenditure	expenditure	NOUN
fbem-22318	157	60	on	on	ADP
fbem-22318	157	61	research	research	NOUN
fbem-22318	157	62	and	and	CCONJ
fbem-22318	157	63	development	development	NOUN
fbem-22318	157	64	investment	investment	NOUN
fbem-22318	157	65	in	in	ADP
fbem-22318	157	66	the	the	DET
fbem-22318	157	67	short	short	ADJ
fbem-22318	157	68	term	term	NOUN
fbem-22318	157	69	,	,	PUNCT
fbem-22318	157	70	and	and	CCONJ
fbem-22318	157	71	thus	thus	ADV
fbem-22318	157	72	reduce	reduce	VERB
fbem-22318	157	73	the	the	DET
fbem-22318	157	74	performance	performance	NOUN
fbem-22318	157	75	of	of	ADP
fbem-22318	157	76	environmental	environmental	ADJ
fbem-22318	157	77	protection	protection	NOUN
fbem-22318	157	78	enterprises	enterprise	NOUN
fbem-22318	157	79	.	.	PUNCT
fbem-22318	158	1	table	table	NOUN
fbem-22318	158	2	5	5	NUM
fbem-22318	158	3	.	.	PUNCT
fbem-22318	159	1	mediating	mediate	VERB
fbem-22318	159	2	effect	effect	NOUN
fbem-22318	159	3	of	of	ADP
fbem-22318	159	4	innovation	innovation	NOUN
fbem-22318	159	5	input	input	NOUN
fbem-22318	159	6	variable	variable	NOUN
fbem-22318	159	7	(	(	PUNCT
fbem-22318	159	8	1	1	NUM
fbem-22318	159	9	)	)	PUNCT
fbem-22318	159	10	(	(	PUNCT
fbem-22318	159	11	2	2	NUM
fbem-22318	159	12	)	)	PUNCT
fbem-22318	159	13	(	(	PUNCT
fbem-22318	159	14	3	3	X
fbem-22318	159	15	)	)	PUNCT
fbem-22318	159	16	roattm	roattm	PROPN
fbem-22318	159	17	rd	rd	PROPN
fbem-22318	159	18	roattm	roattm	PROPN
fbem-22318	159	19	rd	rd	PROPN
fbem-22318	159	20	0.0138	0.0138	PROPN
fbem-22318	159	21	*	*	PUNCT
fbem-22318	160	1	*	*	PUNCT
fbem-22318	160	2	*	*	PUNCT
fbem-22318	160	3	(	(	PUNCT
fbem-22318	160	4	0.00317	0.00317	NUM
fbem-22318	160	5	)	)	PUNCT
fbem-22318	160	6	ceps	cep	VERB
fbem-22318	160	7	-0.0303	-0.0303	PRON
fbem-22318	160	8	*	*	PUNCT
fbem-22318	160	9	*	*	PUNCT
fbem-22318	160	10	*	*	PUNCT
fbem-22318	160	11	-0.196	-0.196	ADJ
fbem-22318	160	12	*	*	PUNCT
fbem-22318	160	13	*	*	PUNCT
fbem-22318	160	14	-0.0276	-0.0276	NOUN
fbem-22318	161	1	*	*	PUNCT
fbem-22318	161	2	*	*	PUNCT
fbem-22318	161	3	*	*	PUNCT
fbem-22318	161	4	(	(	PUNCT
fbem-22318	161	5	0.00853	0.00853	NUM
fbem-22318	161	6	)	)	PUNCT
fbem-22318	161	7	(	(	PUNCT
fbem-22318	161	8	0.0814	0.0814	NUM
fbem-22318	161	9	)	)	PUNCT
fbem-22318	161	10	(	(	PUNCT
fbem-22318	161	11	0.00730	0.00730	NUM
fbem-22318	161	12	)	)	PUNCT
fbem-22318	161	13	controls	control	NOUN
fbem-22318	162	1	yes	yes	INTJ
fbem-22318	162	2	yes	yes	INTJ
fbem-22318	163	1	yes	yes	INTJ
fbem-22318	163	2	time	time	NOUN
fbem-22318	163	3	fxed	fxe	VERB
fbem-22318	163	4	efect	efect	NOUN
fbem-22318	164	1	yes	yes	INTJ
fbem-22318	164	2	yes	yes	INTJ
fbem-22318	165	1	yes	yes	INTJ
fbem-22318	165	2	industry	industry	NOUN
fbem-22318	165	3	fxed	fxe	VERB
fbem-22318	165	4	efect	efect	NOUN
fbem-22318	166	1	yes	yes	INTJ
fbem-22318	166	2	yes	yes	INTJ
fbem-22318	166	3	yes	yes	INTJ
fbem-22318	166	4	clustering	clustering	NOUN
fbem-22318	166	5	level	level	NOUN
fbem-22318	166	6	industry	industry	NOUN
fbem-22318	166	7	industry	industry	NOUN
fbem-22318	166	8	industry	industry	NOUN
fbem-22318	166	9	observations	observation	NOUN
fbem-22318	166	10	5,733	5,733	NUM
fbem-22318	166	11	5,733	5,733	NUM
fbem-22318	166	12	5,733	5,733	NUM
fbem-22318	166	13	r	r	X
fbem-22318	166	14	-	-	PUNCT
fbem-22318	166	15	squared	square	VERB
fbem-22318	166	16	0.226	0.226	NUM
fbem-22318	166	17	0.642	0.642	NUM
fbem-22318	166	18	0.242	0.242	NUM
fbem-22318	166	19	*	*	PUNCT
fbem-22318	166	20	*	*	PUNCT
fbem-22318	166	21	*	*	PUNCT
fbem-22318	166	22	,	,	PUNCT
fbem-22318	166	23	*	*	PUNCT
fbem-22318	166	24	*	*	PUNCT
fbem-22318	166	25	and	and	CCONJ
fbem-22318	166	26	*	*	PUNCT
fbem-22318	166	27	indicate	indicate	VERB
fbem-22318	166	28	signifcant	signifcant	ADJ
fbem-22318	166	29	levels	level	NOUN
fbem-22318	166	30	at	at	ADP
fbem-22318	166	31	1	1	NUM
fbem-22318	166	32	%	%	NOUN
fbem-22318	166	33	,	,	PUNCT
fbem-22318	166	34	5	5	NUM
fbem-22318	166	35	%	%	NOUN
fbem-22318	166	36	and	and	CCONJ
fbem-22318	166	37	10	10	NUM
fbem-22318	166	38	%	%	NOUN
fbem-22318	166	39	respectively	respectively	ADV
fbem-22318	166	40	,	,	PUNCT
fbem-22318	166	41	and	and	CCONJ
fbem-22318	166	42	robust	robust	ADJ
fbem-22318	166	43	standard	standard	ADJ
fbem-22318	166	44	errors	error	NOUN
fbem-22318	166	45	are	be	AUX
fbem-22318	166	46	reported	report	VERB
fbem-22318	166	47	in	in	ADP
fbem-22318	166	48	parentheses	parenthesis	NOUN
fbem-22318	166	49	4.3	4.3	NUM
fbem-22318	166	50	.	.	PUNCT
fbem-22318	167	1	heterogeneity	heterogeneity	NOUN
fbem-22318	167	2	analysis	analysis	NOUN
fbem-22318	167	3	of	of	ADP
fbem-22318	167	4	the	the	DET
fbem-22318	167	5	impact	impact	NOUN
fbem-22318	167	6	of	of	ADP
fbem-22318	167	7	central	central	ADJ
fbem-22318	167	8	environmental	environmental	ADJ
fbem-22318	167	9	protection	protection	NOUN
fbem-22318	167	10	inspectors	inspector	NOUN
fbem-22318	167	11	on	on	ADP
fbem-22318	167	12	the	the	DET
fbem-22318	167	13	performance	performance	NOUN
fbem-22318	167	14	of	of	ADP
fbem-22318	167	15	environmental	environmental	ADJ
fbem-22318	167	16	protection	protection	NOUN
fbem-22318	167	17	enterprises	enterprise	NOUN
fbem-22318	167	18	4.3.1	4.3.1	VERB
fbem-22318	167	19	.	.	PUNCT
fbem-22318	168	1	heterogeneity	heterogeneity	NOUN
fbem-22318	168	2	analysis	analysis	NOUN
fbem-22318	168	3	of	of	ADP
fbem-22318	168	4	enterprise	enterprise	NOUN
fbem-22318	168	5	ownership	ownership	NOUN
fbem-22318	168	6	the	the	DET
fbem-22318	168	7	regulations	regulation	NOUN
fbem-22318	168	8	on	on	ADP
fbem-22318	168	9	the	the	DET
fbem-22318	168	10	supervision	supervision	NOUN
fbem-22318	168	11	of	of	ADP
fbem-22318	168	12	central	central	ADJ
fbem-22318	168	13	ecological	ecological	ADJ
fbem-22318	168	14	and	and	CCONJ
fbem-22318	168	15	environmental	environmental	ADJ
fbem-22318	168	16	protection	protection	NOUN
fbem-22318	168	17	may	may	AUX
fbem-22318	168	18	have	have	VERB
fbem-22318	168	19	different	different	ADJ
fbem-22318	168	20	impacts	impact	NOUN
fbem-22318	168	21	on	on	ADP
fbem-22318	168	22	enterprises	enterprise	NOUN
fbem-22318	168	23	with	with	ADP
fbem-22318	168	24	different	different	ADJ
fbem-22318	168	25	property	property	NOUN
fbem-22318	168	26	rights	right	NOUN
fbem-22318	168	27	.	.	PUNCT
fbem-22318	169	1	the	the	DET
fbem-22318	169	2	specific	specific	ADJ
fbem-22318	169	3	heterogeneity	heterogeneity	NOUN
fbem-22318	169	4	regression	regression	NOUN
fbem-22318	169	5	results	result	NOUN
fbem-22318	169	6	are	be	AUX
fbem-22318	169	7	shown	show	VERB
fbem-22318	169	8	in	in	ADP
fbem-22318	169	9	table	table	NOUN
fbem-22318	169	10	6	6	NUM
fbem-22318	169	11	.	.	PUNCT
fbem-22318	169	12	from	from	ADP
fbem-22318	169	13	the	the	DET
fbem-22318	169	14	regression	regression	NOUN
fbem-22318	169	15	results	result	NOUN
fbem-22318	169	16	of	of	ADP
fbem-22318	169	17	columns	column	NOUN
fbem-22318	169	18	(	(	PUNCT
fbem-22318	169	19	1	1	NUM
fbem-22318	169	20	)	)	PUNCT
fbem-22318	169	21	and	and	CCONJ
fbem-22318	169	22	(	(	PUNCT
fbem-22318	169	23	2	2	X
fbem-22318	169	24	)	)	PUNCT
fbem-22318	169	25	in	in	ADP
fbem-22318	169	26	table	table	NOUN
fbem-22318	169	27	8	8	NUM
fbem-22318	169	28	,	,	PUNCT
fbem-22318	169	29	we	we	PRON
fbem-22318	169	30	find	find	VERB
fbem-22318	169	31	that	that	SCONJ
fbem-22318	169	32	the	the	DET
fbem-22318	169	33	ceps	cep	NOUN
fbem-22318	169	34	coefficient	coefficient	NOUN
fbem-22318	169	35	of	of	ADP
fbem-22318	169	36	a	a	DET
fbem-22318	169	37	private	private	ADJ
fbem-22318	169	38	enterprise	enterprise	NOUN
fbem-22318	169	39	is	be	AUX
fbem-22318	169	40	0.0227	0.0227	NUM
fbem-22318	169	41	and	and	CCONJ
fbem-22318	169	42	is	be	AUX
fbem-22318	169	43	significant	significant	ADJ
fbem-22318	169	44	at	at	ADP
fbem-22318	169	45	5	5	NUM
fbem-22318	169	46	%	%	NOUN
fbem-22318	169	47	.	.	PUNCT
fbem-22318	170	1	the	the	DET
fbem-22318	170	2	ceps	ceps	PROPN
fbem-22318	170	3	coefficient	coefficient	NOUN
fbem-22318	170	4	of	of	ADP
fbem-22318	170	5	state	state	NOUN
fbem-22318	170	6	-	-	PUNCT
fbem-22318	170	7	owned	own	VERB
fbem-22318	170	8	enterprises	enterprise	NOUN
fbem-22318	170	9	is	be	AUX
fbem-22318	170	10	-0.0145	-0.0145	NOUN
fbem-22318	170	11	,	,	PUNCT
fbem-22318	170	12	and	and	CCONJ
fbem-22318	170	13	its	its	PRON
fbem-22318	170	14	absolute	absolute	ADJ
fbem-22318	170	15	value	value	NOUN
fbem-22318	170	16	is	be	AUX
fbem-22318	170	17	smaller	small	ADJ
fbem-22318	170	18	than	than	ADP
fbem-22318	170	19	that	that	PRON
fbem-22318	170	20	of	of	ADP
fbem-22318	170	21	private	private	ADJ
fbem-22318	170	22	enterprises	enterprise	NOUN
fbem-22318	170	23	and	and	CCONJ
fbem-22318	170	24	is	be	AUX
fbem-22318	170	25	not	not	PART
fbem-22318	170	26	significant	significant	ADJ
fbem-22318	170	27	,	,	PUNCT
fbem-22318	170	28	indicating	indicate	VERB
fbem-22318	170	29	that	that	SCONJ
fbem-22318	170	30	the	the	DET
fbem-22318	170	31	provisions	provision	NOUN
fbem-22318	170	32	of	of	ADP
fbem-22318	170	33	the	the	DET
fbem-22318	170	34	second	second	ADJ
fbem-22318	170	35	round	round	NOUN
fbem-22318	170	36	of	of	ADP
fbem-22318	170	37	central	central	ADJ
fbem-22318	170	38	environmental	environmental	PROPN
fbem-22318	170	39	protection	protection	NOUN
fbem-22318	170	40	supervision	supervision	NOUN
fbem-22318	170	41	have	have	VERB
fbem-22318	170	42	a	a	DET
fbem-22318	170	43	greater	great	ADJ
fbem-22318	170	44	inhibitory	inhibitory	ADJ
fbem-22318	170	45	effect	effect	NOUN
fbem-22318	170	46	on	on	ADP
fbem-22318	170	47	the	the	DET
fbem-22318	170	48	performance	performance	NOUN
fbem-22318	170	49	of	of	ADP
fbem-22318	170	50	private	private	ADJ
fbem-22318	170	51	environmental	environmental	ADJ
fbem-22318	170	52	protection	protection	NOUN
fbem-22318	170	53	enterprises	enterprise	NOUN
fbem-22318	170	54	,	,	PUNCT
fbem-22318	170	55	but	but	CCONJ
fbem-22318	170	56	have	have	VERB
fbem-22318	170	57	no	no	DET
fbem-22318	170	58	significant	significant	ADJ
fbem-22318	170	59	impact	impact	NOUN
fbem-22318	170	60	on	on	ADP
fbem-22318	170	61	the	the	DET
fbem-22318	170	62	performance	performance	NOUN
fbem-22318	170	63	of	of	ADP
fbem-22318	170	64	state	state	NOUN
fbem-22318	170	65	-	-	PUNCT
fbem-22318	170	66	owned	own	VERB
fbem-22318	170	67	environmental	environmental	ADJ
fbem-22318	170	68	protection	protection	NOUN
fbem-22318	170	69	enterprises	enterprise	NOUN
fbem-22318	170	70	.	.	PUNCT
fbem-22318	171	1	this	this	PRON
fbem-22318	171	2	may	may	AUX
fbem-22318	171	3	be	be	AUX
fbem-22318	171	4	due	due	ADJ
fbem-22318	171	5	to	to	ADP
fbem-22318	171	6	the	the	DET
fbem-22318	171	7	relatively	relatively	ADV
fbem-22318	171	8	sufficient	sufficient	ADJ
fbem-22318	171	9	capital	capital	NOUN
fbem-22318	171	10	flow	flow	NOUN
fbem-22318	171	11	of	of	ADP
fbem-22318	171	12	state	state	NOUN
fbem-22318	171	13	-	-	PUNCT
fbem-22318	171	14	owned	own	VERB
fbem-22318	171	15	environmental	environmental	ADJ
fbem-22318	171	16	protection	protection	NOUN
fbem-22318	171	17	enterprises	enterprise	NOUN
fbem-22318	171	18	,	,	PUNCT
fbem-22318	171	19	which	which	PRON
fbem-22318	171	20	will	will	AUX
fbem-22318	171	21	not	not	PART
fbem-22318	171	22	significantly	significantly	ADV
fbem-22318	171	23	reduce	reduce	VERB
fbem-22318	171	24	their	their	PRON
fbem-22318	171	25	investment	investment	NOUN
fbem-22318	171	26	in	in	ADP
fbem-22318	171	27	shortterm	shortterm	PROPN
fbem-22318	171	28	innovative	innovative	PROPN
fbem-22318	171	29	technology	technology	NOUN
fbem-22318	171	30	research	research	NOUN
fbem-22318	171	31	and	and	CCONJ
fbem-22318	171	32	development	development	NOUN
fbem-22318	171	33	because	because	SCONJ
fbem-22318	171	34	of	of	ADP
fbem-22318	171	35	the	the	DET
fbem-22318	171	36	increase	increase	NOUN
fbem-22318	171	37	in	in	ADP
fbem-22318	171	38	compliance	compliance	NOUN
fbem-22318	171	39	costs	cost	NOUN
fbem-22318	171	40	brought	bring	VERB
fbem-22318	171	41	by	by	ADP
fbem-22318	171	42	environmental	environmental	ADJ
fbem-22318	171	43	protection	protection	NOUN
fbem-22318	171	44	inspectors	inspector	NOUN
fbem-22318	171	45	.	.	PUNCT
fbem-22318	172	1	on	on	ADP
fbem-22318	172	2	the	the	DET
fbem-22318	172	3	contrary	contrary	NOUN
fbem-22318	172	4	,	,	PUNCT
fbem-22318	172	5	in	in	ADP
fbem-22318	172	6	the	the	DET
fbem-22318	172	7	long	long	ADJ
fbem-22318	172	8	run	run	NOUN
fbem-22318	172	9	,	,	PUNCT
fbem-22318	172	10	state	state	NOUN
fbem-22318	172	11	-	-	PUNCT
fbem-22318	172	12	owned	own	VERB
fbem-22318	172	13	environmental	environmental	ADJ
fbem-22318	172	14	protection	protection	NOUN
fbem-22318	172	15	enterprises	enterprise	NOUN
fbem-22318	172	16	will	will	AUX
fbem-22318	172	17	have	have	VERB
fbem-22318	172	18	a	a	DET
fbem-22318	172	19	competitive	competitive	ADJ
fbem-22318	172	20	advantage	advantage	NOUN
fbem-22318	172	21	in	in	ADP
fbem-22318	172	22	the	the	DET
fbem-22318	172	23	environmental	environmental	ADJ
fbem-22318	172	24	protection	protection	NOUN
fbem-22318	172	25	market	market	NOUN
fbem-22318	172	26	due	due	ADP
fbem-22318	172	27	to	to	ADP
fbem-22318	172	28	their	their	PRON
fbem-22318	172	29	leading	lead	VERB
fbem-22318	172	30	investment	investment	NOUN
fbem-22318	172	31	in	in	ADP
fbem-22318	172	32	376	376	NUM
fbem-22318	172	33	technology	technology	NOUN
fbem-22318	172	34	research	research	NOUN
fbem-22318	172	35	and	and	CCONJ
fbem-22318	172	36	development	development	NOUN
fbem-22318	172	37	.	.	PUNCT
fbem-22318	173	1	4.3.2	4.3.2	X
fbem-22318	173	2	.	.	PUNCT
fbem-22318	174	1	heterogeneity	heterogeneity	NOUN
fbem-22318	174	2	analysis	analysis	NOUN
fbem-22318	174	3	of	of	ADP
fbem-22318	174	4	enterprise	enterprise	NOUN
fbem-22318	174	5	size	size	NOUN
fbem-22318	174	6	the	the	DET
fbem-22318	174	7	regulations	regulation	NOUN
fbem-22318	174	8	on	on	ADP
fbem-22318	174	9	central	central	ADJ
fbem-22318	174	10	ecological	ecological	ADJ
fbem-22318	174	11	environmental	environmental	PROPN
fbem-22318	174	12	protection	protection	PROPN
fbem-22318	174	13	supervision	supervision	NOUN
fbem-22318	174	14	may	may	AUX
fbem-22318	174	15	have	have	VERB
fbem-22318	174	16	different	different	ADJ
fbem-22318	174	17	impacts	impact	NOUN
fbem-22318	174	18	on	on	ADP
fbem-22318	174	19	enterprises	enterprise	NOUN
fbem-22318	174	20	of	of	ADP
fbem-22318	174	21	different	different	ADJ
fbem-22318	174	22	sizes	size	NOUN
fbem-22318	174	23	.	.	PUNCT
fbem-22318	175	1	in	in	ADP
fbem-22318	175	2	order	order	NOUN
fbem-22318	175	3	to	to	PART
fbem-22318	175	4	test	test	VERB
fbem-22318	175	5	whether	whether	SCONJ
fbem-22318	175	6	the	the	DET
fbem-22318	175	7	impact	impact	NOUN
fbem-22318	175	8	of	of	ADP
fbem-22318	175	9	the	the	DET
fbem-22318	175	10	regulations	regulation	NOUN
fbem-22318	175	11	on	on	ADP
fbem-22318	175	12	enterprise	enterprise	NOUN
fbem-22318	175	13	performance	performance	NOUN
fbem-22318	175	14	of	of	ADP
fbem-22318	175	15	the	the	DET
fbem-22318	175	16	second	second	ADJ
fbem-22318	175	17	round	round	NOUN
fbem-22318	175	18	of	of	ADP
fbem-22318	175	19	central	central	ADJ
fbem-22318	175	20	environmental	environmental	ADJ
fbem-22318	175	21	protection	protection	NOUN
fbem-22318	175	22	supervision	supervision	NOUN
fbem-22318	175	23	is	be	AUX
fbem-22318	175	24	related	relate	VERB
fbem-22318	175	25	to	to	ADP
fbem-22318	175	26	enterprise	enterprise	NOUN
fbem-22318	175	27	size	size	NOUN
fbem-22318	175	28	,	,	PUNCT
fbem-22318	175	29	this	this	DET
fbem-22318	175	30	paper	paper	NOUN
fbem-22318	175	31	further	far	ADV
fbem-22318	175	32	divides	divide	VERB
fbem-22318	175	33	the	the	DET
fbem-22318	175	34	sample	sample	NOUN
fbem-22318	175	35	of	of	ADP
fbem-22318	175	36	enterprises	enterprise	NOUN
fbem-22318	175	37	into	into	ADP
fbem-22318	175	38	large	large	ADJ
fbem-22318	175	39	-	-	PUNCT
fbem-22318	175	40	scale	scale	NOUN
fbem-22318	175	41	enterprises	enterprise	NOUN
fbem-22318	175	42	and	and	CCONJ
fbem-22318	175	43	smallscale	smallscale	NOUN
fbem-22318	175	44	enterprises	enterprise	NOUN
fbem-22318	175	45	and	and	CCONJ
fbem-22318	175	46	conducts	conduct	VERB
fbem-22318	175	47	heterogeneity	heterogeneity	NOUN
fbem-22318	175	48	analysis	analysis	NOUN
fbem-22318	175	49	.	.	PUNCT
fbem-22318	176	1	the	the	DET
fbem-22318	176	2	sample	sample	NOUN
fbem-22318	176	3	is	be	AUX
fbem-22318	176	4	divided	divide	VERB
fbem-22318	176	5	according	accord	VERB
fbem-22318	176	6	to	to	ADP
fbem-22318	176	7	the	the	DET
fbem-22318	176	8	median	median	ADJ
fbem-22318	176	9	enterprise	enterprise	NOUN
fbem-22318	176	10	size	size	NOUN
fbem-22318	176	11	.	.	PUNCT
fbem-22318	177	1	when	when	SCONJ
fbem-22318	177	2	the	the	DET
fbem-22318	177	3	enterprise	enterprise	NOUN
fbem-22318	177	4	asset	asset	NOUN
fbem-22318	177	5	size	size	NOUN
fbem-22318	177	6	is	be	AUX
fbem-22318	177	7	larger	large	ADJ
fbem-22318	177	8	than	than	ADP
fbem-22318	177	9	the	the	DET
fbem-22318	177	10	median	median	ADJ
fbem-22318	177	11	enterprise	enterprise	NOUN
fbem-22318	177	12	asset	asset	NOUN
fbem-22318	177	13	size	size	NOUN
fbem-22318	177	14	during	during	ADP
fbem-22318	177	15	the	the	DET
fbem-22318	177	16	sample	sample	NOUN
fbem-22318	177	17	period	period	NOUN
fbem-22318	177	18	,	,	PUNCT
fbem-22318	177	19	the	the	DET
fbem-22318	177	20	enterprise	enterprise	NOUN
fbem-22318	177	21	is	be	AUX
fbem-22318	177	22	classified	classify	VERB
fbem-22318	177	23	as	as	ADP
fbem-22318	177	24	a	a	DET
fbem-22318	177	25	large	large	ADJ
fbem-22318	177	26	-	-	PUNCT
fbem-22318	177	27	scale	scale	NOUN
fbem-22318	177	28	enterprise	enterprise	NOUN
fbem-22318	177	29	;	;	PUNCT
fbem-22318	177	30	when	when	SCONJ
fbem-22318	177	31	the	the	DET
fbem-22318	177	32	enterprise	enterprise	NOUN
fbem-22318	177	33	asset	asset	NOUN
fbem-22318	177	34	size	size	NOUN
fbem-22318	177	35	is	be	AUX
fbem-22318	177	36	smaller	small	ADJ
fbem-22318	177	37	than	than	ADP
fbem-22318	177	38	the	the	DET
fbem-22318	177	39	median	median	ADJ
fbem-22318	177	40	enterprise	enterprise	NOUN
fbem-22318	177	41	asset	asset	NOUN
fbem-22318	177	42	size	size	NOUN
fbem-22318	177	43	during	during	ADP
fbem-22318	177	44	the	the	DET
fbem-22318	177	45	sample	sample	NOUN
fbem-22318	177	46	period	period	NOUN
fbem-22318	177	47	,	,	PUNCT
fbem-22318	177	48	the	the	DET
fbem-22318	177	49	enterprise	enterprise	NOUN
fbem-22318	177	50	is	be	AUX
fbem-22318	177	51	classified	classify	VERB
fbem-22318	177	52	as	as	ADP
fbem-22318	177	53	a	a	DET
fbem-22318	177	54	small	small	ADJ
fbem-22318	177	55	-	-	PUNCT
fbem-22318	177	56	scale	scale	NOUN
fbem-22318	177	57	enterprise	enterprise	NOUN
fbem-22318	177	58	.	.	PUNCT
fbem-22318	178	1	from	from	ADP
fbem-22318	178	2	the	the	DET
fbem-22318	178	3	regression	regression	NOUN
fbem-22318	178	4	results	result	NOUN
fbem-22318	178	5	of	of	ADP
fbem-22318	178	6	columns	column	NOUN
fbem-22318	178	7	(	(	PUNCT
fbem-22318	178	8	3	3	NUM
fbem-22318	178	9	)	)	PUNCT
fbem-22318	178	10	and	and	CCONJ
fbem-22318	178	11	(	(	PUNCT
fbem-22318	178	12	4	4	X
fbem-22318	178	13	)	)	PUNCT
fbem-22318	178	14	in	in	ADP
fbem-22318	178	15	table	table	NOUN
fbem-22318	178	16	8	8	NUM
fbem-22318	178	17	,	,	PUNCT
fbem-22318	178	18	we	we	PRON
fbem-22318	178	19	find	find	VERB
fbem-22318	178	20	that	that	SCONJ
fbem-22318	178	21	the	the	DET
fbem-22318	178	22	ceps	ceps	PROPN
fbem-22318	178	23	coefficient	coefficient	NOUN
fbem-22318	178	24	of	of	ADP
fbem-22318	178	25	small	small	ADJ
fbem-22318	178	26	enterprises	enterprise	NOUN
fbem-22318	178	27	is	be	AUX
fbem-22318	178	28	-0.0527	-0.0527	NOUN
fbem-22318	178	29	,	,	PUNCT
fbem-22318	178	30	which	which	PRON
fbem-22318	178	31	is	be	AUX
fbem-22318	178	32	significant	significant	ADJ
fbem-22318	178	33	at	at	ADP
fbem-22318	178	34	the	the	DET
fbem-22318	178	35	5	5	NUM
fbem-22318	178	36	%	%	NOUN
fbem-22318	178	37	level	level	NOUN
fbem-22318	178	38	.	.	PUNCT
fbem-22318	179	1	the	the	DET
fbem-22318	179	2	ceps	ceps	PROPN
fbem-22318	179	3	coefficient	coefficient	NOUN
fbem-22318	179	4	of	of	ADP
fbem-22318	179	5	a	a	DET
fbem-22318	179	6	large	large	ADJ
fbem-22318	179	7	-	-	PUNCT
fbem-22318	179	8	scale	scale	NOUN
fbem-22318	179	9	enterprise	enterprise	NOUN
fbem-22318	179	10	is	be	AUX
fbem-22318	179	11	0.0156	0.0156	NUM
fbem-22318	179	12	,	,	PUNCT
fbem-22318	179	13	and	and	CCONJ
fbem-22318	179	14	its	its	PRON
fbem-22318	179	15	absolute	absolute	ADJ
fbem-22318	179	16	value	value	NOUN
fbem-22318	179	17	is	be	AUX
fbem-22318	179	18	smaller	small	ADJ
fbem-22318	179	19	than	than	ADP
fbem-22318	179	20	that	that	PRON
fbem-22318	179	21	of	of	ADP
fbem-22318	179	22	a	a	DET
fbem-22318	179	23	smallscale	smallscale	NOUN
fbem-22318	179	24	enterprise	enterprise	NOUN
fbem-22318	179	25	and	and	CCONJ
fbem-22318	179	26	is	be	AUX
fbem-22318	179	27	significant	significant	ADJ
fbem-22318	179	28	at	at	ADP
fbem-22318	179	29	the	the	DET
fbem-22318	179	30	level	level	NOUN
fbem-22318	179	31	of	of	ADP
fbem-22318	179	32	1	1	NUM
fbem-22318	179	33	%	%	NOUN
fbem-22318	179	34	,	,	PUNCT
fbem-22318	179	35	indicating	indicate	VERB
fbem-22318	179	36	that	that	SCONJ
fbem-22318	179	37	the	the	DET
fbem-22318	179	38	provisions	provision	NOUN
fbem-22318	179	39	of	of	ADP
fbem-22318	179	40	the	the	DET
fbem-22318	179	41	second	second	ADJ
fbem-22318	179	42	round	round	NOUN
fbem-22318	179	43	of	of	ADP
fbem-22318	179	44	central	central	ADJ
fbem-22318	179	45	environmental	environmental	PROPN
fbem-22318	179	46	protection	protection	NOUN
fbem-22318	179	47	supervision	supervision	NOUN
fbem-22318	179	48	have	have	VERB
fbem-22318	179	49	a	a	DET
fbem-22318	179	50	greater	great	ADJ
fbem-22318	179	51	inhibitory	inhibitory	ADJ
fbem-22318	179	52	effect	effect	NOUN
fbem-22318	179	53	on	on	ADP
fbem-22318	179	54	the	the	DET
fbem-22318	179	55	performance	performance	NOUN
fbem-22318	179	56	of	of	ADP
fbem-22318	179	57	small	small	ADJ
fbem-22318	179	58	-	-	PUNCT
fbem-22318	179	59	scale	scale	NOUN
fbem-22318	179	60	environmental	environmental	ADJ
fbem-22318	179	61	protection	protection	NOUN
fbem-22318	179	62	enterprises	enterprise	NOUN
fbem-22318	179	63	and	and	CCONJ
fbem-22318	179	64	a	a	DET
fbem-22318	179	65	smaller	small	ADJ
fbem-22318	179	66	inhibitory	inhibitory	ADJ
fbem-22318	179	67	effect	effect	NOUN
fbem-22318	179	68	on	on	ADP
fbem-22318	179	69	the	the	DET
fbem-22318	179	70	performance	performance	NOUN
fbem-22318	179	71	of	of	ADP
fbem-22318	179	72	large	large	ADJ
fbem-22318	179	73	-	-	PUNCT
fbem-22318	179	74	scale	scale	NOUN
fbem-22318	179	75	environmental	environmental	ADJ
fbem-22318	179	76	protection	protection	NOUN
fbem-22318	179	77	enterprises	enterprise	NOUN
fbem-22318	179	78	.	.	PUNCT
fbem-22318	180	1	this	this	PRON
fbem-22318	180	2	may	may	AUX
fbem-22318	180	3	be	be	AUX
fbem-22318	180	4	due	due	ADJ
fbem-22318	180	5	to	to	ADP
fbem-22318	180	6	the	the	DET
fbem-22318	180	7	regulations	regulation	NOUN
fbem-22318	180	8	will	will	AUX
fbem-22318	180	9	increase	increase	VERB
fbem-22318	180	10	the	the	DET
fbem-22318	180	11	cost	cost	NOUN
fbem-22318	180	12	of	of	ADP
fbem-22318	180	13	environmental	environmental	ADJ
fbem-22318	180	14	regulation	regulation	NOUN
fbem-22318	180	15	for	for	ADP
fbem-22318	180	16	enterprises	enterprise	NOUN
fbem-22318	180	17	,	,	PUNCT
fbem-22318	180	18	making	make	VERB
fbem-22318	180	19	it	it	PRON
fbem-22318	180	20	greater	great	ADJ
fbem-22318	180	21	than	than	ADP
fbem-22318	180	22	or	or	CCONJ
fbem-22318	180	23	even	even	ADV
fbem-22318	180	24	far	far	ADV
fbem-22318	180	25	beyond	beyond	ADP
fbem-22318	180	26	the	the	DET
fbem-22318	180	27	benefits	benefit	NOUN
fbem-22318	180	28	of	of	ADP
fbem-22318	180	29	extensive	extensive	ADJ
fbem-22318	180	30	development	development	NOUN
fbem-22318	180	31	.	.	PUNCT
fbem-22318	181	1	under	under	ADP
fbem-22318	181	2	the	the	DET
fbem-22318	181	3	theoretical	theoretical	ADJ
fbem-22318	181	4	framework	framework	NOUN
fbem-22318	181	5	of	of	ADP
fbem-22318	181	6	the	the	DET
fbem-22318	181	7	"	"	PUNCT
fbem-22318	181	8	forced	force	VERB
fbem-22318	181	9	back	back	ADV
fbem-22318	181	10	"	"	PUNCT
fbem-22318	181	11	effect	effect	NOUN
fbem-22318	181	12	of	of	ADP
fbem-22318	181	13	porter	porter	NOUN
fbem-22318	181	14	's	's	PART
fbem-22318	181	15	hypothesis	hypothesis	NOUN
fbem-22318	181	16	,	,	PUNCT
fbem-22318	181	17	shareholders	shareholder	NOUN
fbem-22318	181	18	as	as	ADP
fbem-22318	181	19	clients	client	NOUN
fbem-22318	181	20	will	will	AUX
fbem-22318	181	21	more	more	ADV
fbem-22318	181	22	actively	actively	ADV
fbem-22318	181	23	encourage	encourage	VERB
fbem-22318	181	24	managers	manager	NOUN
fbem-22318	181	25	to	to	PART
fbem-22318	181	26	carry	carry	VERB
fbem-22318	181	27	out	out	ADP
fbem-22318	181	28	green	green	ADJ
fbem-22318	181	29	innovation	innovation	NOUN
fbem-22318	181	30	activities	activity	NOUN
fbem-22318	181	31	(	(	PUNCT
fbem-22318	181	32	li	li	PROPN
fbem-22318	181	33	qingyuan	qingyuan	PROPN
fbem-22318	181	34	and	and	CCONJ
fbem-22318	181	35	xiao	xiao	PROPN
fbem-22318	181	36	zehua	zehua	PROPN
fbem-22318	181	37	,	,	PUNCT
fbem-22318	181	38	2020	2020	NUM
fbem-22318	181	39	)	)	PUNCT
fbem-22318	181	40	.	.	PUNCT
fbem-22318	182	1	faced	face	VERB
fbem-22318	182	2	with	with	ADP
fbem-22318	182	3	the	the	DET
fbem-22318	182	4	highpressure	highpressure	ADJ
fbem-22318	182	5	normalization	normalization	NOUN
fbem-22318	182	6	of	of	ADP
fbem-22318	182	7	environmental	environmental	ADJ
fbem-22318	182	8	protection	protection	NOUN
fbem-22318	182	9	inspectors	inspector	NOUN
fbem-22318	182	10	,	,	PUNCT
fbem-22318	182	11	shareholders	shareholder	NOUN
fbem-22318	182	12	have	have	VERB
fbem-22318	182	13	a	a	DET
fbem-22318	182	14	strong	strong	ADJ
fbem-22318	182	15	incentive	incentive	NOUN
fbem-22318	182	16	to	to	PART
fbem-22318	182	17	urge	urge	VERB
fbem-22318	182	18	enterprises	enterprise	NOUN
fbem-22318	182	19	to	to	PART
fbem-22318	182	20	carry	carry	VERB
fbem-22318	182	21	out	out	ADP
fbem-22318	182	22	green	green	ADJ
fbem-22318	182	23	technology	technology	NOUN
fbem-22318	182	24	research	research	NOUN
fbem-22318	182	25	and	and	CCONJ
fbem-22318	182	26	development	development	NOUN
fbem-22318	182	27	to	to	PART
fbem-22318	182	28	reduce	reduce	VERB
fbem-22318	182	29	the	the	DET
fbem-22318	182	30	potential	potential	ADJ
fbem-22318	182	31	risk	risk	NOUN
fbem-22318	182	32	of	of	ADP
fbem-22318	182	33	environmental	environmental	ADJ
fbem-22318	182	34	violations	violation	NOUN
fbem-22318	182	35	;	;	PUNCT
fbem-22318	182	36	as	as	ADP
fbem-22318	182	37	agents	agent	NOUN
fbem-22318	182	38	of	of	ADP
fbem-22318	182	39	large	large	ADJ
fbem-22318	182	40	enterprises	enterprise	NOUN
fbem-22318	182	41	,	,	PUNCT
fbem-22318	182	42	managers	manager	NOUN
fbem-22318	182	43	will	will	AUX
fbem-22318	182	44	inevitably	inevitably	ADV
fbem-22318	182	45	strengthen	strengthen	VERB
fbem-22318	182	46	the	the	DET
fbem-22318	182	47	technological	technological	ADJ
fbem-22318	182	48	innovation	innovation	NOUN
fbem-22318	182	49	of	of	ADP
fbem-22318	182	50	enterprises	enterprise	NOUN
fbem-22318	182	51	and	and	CCONJ
fbem-22318	182	52	actively	actively	ADV
fbem-22318	182	53	carry	carry	VERB
fbem-22318	182	54	out	out	ADP
fbem-22318	182	55	green	green	ADJ
fbem-22318	182	56	and	and	CCONJ
fbem-22318	182	57	low	low	ADJ
fbem-22318	182	58	-	-	PUNCT
fbem-22318	182	59	carbon	carbon	NOUN
fbem-22318	182	60	transformation	transformation	NOUN
fbem-22318	182	61	.	.	PUNCT
fbem-22318	183	1	however	however	ADV
fbem-22318	183	2	,	,	PUNCT
fbem-22318	183	3	small	small	ADJ
fbem-22318	183	4	enterprises	enterprise	NOUN
fbem-22318	183	5	may	may	AUX
fbem-22318	183	6	have	have	VERB
fbem-22318	183	7	difficulties	difficulty	NOUN
fbem-22318	183	8	in	in	ADP
fbem-22318	183	9	carrying	carry	VERB
fbem-22318	183	10	out	out	ADP
fbem-22318	183	11	green	green	ADJ
fbem-22318	183	12	technology	technology	NOUN
fbem-22318	183	13	innovation	innovation	NOUN
fbem-22318	183	14	activities	activity	NOUN
fbem-22318	183	15	under	under	ADP
fbem-22318	183	16	the	the	DET
fbem-22318	183	17	background	background	NOUN
fbem-22318	183	18	of	of	ADP
fbem-22318	183	19	normalized	normalize	VERB
fbem-22318	183	20	environmental	environmental	ADJ
fbem-22318	183	21	supervision	supervision	NOUN
fbem-22318	183	22	due	due	ADP
fbem-22318	183	23	to	to	ADP
fbem-22318	183	24	financial	financial	ADJ
fbem-22318	183	25	constraints	constraint	NOUN
fbem-22318	183	26	and	and	CCONJ
fbem-22318	183	27	limited	limited	ADJ
fbem-22318	183	28	technical	technical	ADJ
fbem-22318	183	29	capability	capability	NOUN
fbem-22318	183	30	base	base	NOUN
fbem-22318	183	31	.	.	PUNCT
fbem-22318	184	1	table	table	NOUN
fbem-22318	184	2	6	6	NUM
fbem-22318	184	3	.	.	PUNCT
fbem-22318	185	1	heterogeneity	heterogeneity	NOUN
fbem-22318	185	2	test	test	NOUN
fbem-22318	185	3	of	of	ADP
fbem-22318	185	4	environmental	environmental	ADJ
fbem-22318	185	5	protection	protection	NOUN
fbem-22318	185	6	enterprises	enterprise	NOUN
fbem-22318	185	7	in	in	ADP
fbem-22318	185	8	the	the	DET
fbem-22318	185	9	regulations	regulation	NOUN
fbem-22318	185	10	variable	variable	NOUN
fbem-22318	185	11	(	(	PUNCT
fbem-22318	185	12	1	1	NUM
fbem-22318	185	13	)	)	PUNCT
fbem-22318	185	14	(	(	PUNCT
fbem-22318	185	15	2	2	NUM
fbem-22318	185	16	)	)	PUNCT
fbem-22318	185	17	(	(	PUNCT
fbem-22318	185	18	3	3	X
fbem-22318	185	19	)	)	PUNCT
fbem-22318	185	20	(	(	PUNCT
fbem-22318	185	21	4	4	X
fbem-22318	185	22	)	)	PUNCT
fbem-22318	185	23	private	private	ADJ
fbem-22318	185	24	enterprise	enterprise	NOUN
fbem-22318	185	25	state	state	NOUN
fbem-22318	185	26	-	-	PUNCT
fbem-22318	185	27	owned	own	VERB
fbem-22318	185	28	enterprise	enterprise	NOUN
fbem-22318	185	29	small	small	ADJ
fbem-22318	185	30	enterprise	enterprise	NOUN
fbem-22318	185	31	big	big	ADJ
fbem-22318	185	32	enterprise	enterprise	NOUN
fbem-22318	185	33	roattm	roattm	NOUN
fbem-22318	185	34	roattm	roattm	PROPN
fbem-22318	185	35	roattm	roattm	PROPN
fbem-22318	185	36	roattm	roattm	PROPN
fbem-22318	185	37	ceps	cep	VERB
fbem-22318	185	38	-0.0227	-0.0227	PROPN
fbem-22318	185	39	*	*	PUNCT
fbem-22318	185	40	*	*	PUNCT
fbem-22318	185	41	-0.0145	-0.0145	NOUN
fbem-22318	185	42	-0.0527	-0.0527	NOUN
fbem-22318	185	43	*	*	PUNCT
fbem-22318	185	44	*	*	PUNCT
fbem-22318	185	45	-0.0156	-0.0156	PROPN
fbem-22318	186	1	*	*	PUNCT
fbem-22318	187	1	*	*	PUNCT
fbem-22318	187	2	*	*	PUNCT
fbem-22318	187	3	(	(	PUNCT
fbem-22318	187	4	0.0446	0.0446	NUM
fbem-22318	187	5	)	)	PUNCT
fbem-22318	187	6	(	(	PUNCT
fbem-22318	187	7	0.3343	0.3343	NUM
fbem-22318	187	8	)	)	PUNCT
fbem-22318	187	9	(	(	PUNCT
fbem-22318	187	10	0.0415	0.0415	NUM
fbem-22318	187	11	)	)	PUNCT
fbem-22318	187	12	(	(	PUNCT
fbem-22318	187	13	0.0067	0.0067	NUM
fbem-22318	187	14	)	)	PUNCT
fbem-22318	187	15	controls	control	NOUN
fbem-22318	188	1	yes	yes	INTJ
fbem-22318	189	1	yes	yes	INTJ
fbem-22318	190	1	yes	yes	INTJ
fbem-22318	190	2	yes	yes	INTJ
fbem-22318	190	3	time	time	NOUN
fbem-22318	190	4	fxed	fxe	VERB
fbem-22318	190	5	efect	efect	NOUN
fbem-22318	191	1	yes	yes	INTJ
fbem-22318	191	2	yes	yes	INTJ
fbem-22318	192	1	yes	yes	INTJ
fbem-22318	192	2	yes	yes	INTJ
fbem-22318	192	3	industry	industry	NOUN
fbem-22318	192	4	fxed	fxe	VERB
fbem-22318	192	5	efect	efect	NOUN
fbem-22318	193	1	yes	yes	INTJ
fbem-22318	194	1	yes	yes	INTJ
fbem-22318	195	1	yes	yes	INTJ
fbem-22318	195	2	yes	yes	INTJ
fbem-22318	195	3	clustering	clustering	NOUN
fbem-22318	195	4	level	level	NOUN
fbem-22318	195	5	industry	industry	NOUN
fbem-22318	195	6	industry	industry	NOUN
fbem-22318	195	7	industry	industry	NOUN
fbem-22318	195	8	industry	industry	NOUN
fbem-22318	195	9	observations	observation	NOUN
fbem-22318	195	10	4,936	4,936	NUM
fbem-22318	195	11	1,329	1,329	NUM
fbem-22318	195	12	3,772	3,772	NUM
fbem-22318	195	13	3,737	3,737	NUM
fbem-22318	195	14	r	r	NOUN
fbem-22318	195	15	-	-	PUNCT
fbem-22318	195	16	squared	square	VERB
fbem-22318	195	17	0.209	0.209	NUM
fbem-22318	195	18	0.235	0.235	NUM
fbem-22318	195	19	0.201	0.201	NUM
fbem-22318	195	20	0.235	0.235	NUM
fbem-22318	195	21	*	*	PUNCT
fbem-22318	195	22	*	*	PUNCT
fbem-22318	195	23	*	*	PUNCT
fbem-22318	195	24	,	,	PUNCT
fbem-22318	195	25	*	*	PUNCT
fbem-22318	195	26	*	*	PUNCT
fbem-22318	195	27	and	and	CCONJ
fbem-22318	195	28	*	*	PUNCT
fbem-22318	195	29	indicate	indicate	VERB
fbem-22318	195	30	signifcant	signifcant	ADJ
fbem-22318	195	31	levels	level	NOUN
fbem-22318	195	32	at	at	ADP
fbem-22318	195	33	1	1	NUM
fbem-22318	195	34	%	%	NOUN
fbem-22318	195	35	,	,	PUNCT
fbem-22318	195	36	5	5	NUM
fbem-22318	195	37	%	%	NOUN
fbem-22318	195	38	and	and	CCONJ
fbem-22318	195	39	10	10	NUM
fbem-22318	195	40	%	%	NOUN
fbem-22318	195	41	respectively	respectively	ADV
fbem-22318	195	42	,	,	PUNCT
fbem-22318	195	43	and	and	CCONJ
fbem-22318	195	44	robust	robust	ADJ
fbem-22318	195	45	standard	standard	ADJ
fbem-22318	195	46	errors	error	NOUN
fbem-22318	195	47	are	be	AUX
fbem-22318	195	48	reported	report	VERB
fbem-22318	195	49	in	in	ADP
fbem-22318	195	50	parentheses	parenthesis	NOUN
fbem-22318	195	51	5	5	NUM
fbem-22318	195	52	.	.	PUNCT
fbem-22318	195	53	conclusions	conclusion	NOUN
fbem-22318	195	54	and	and	CCONJ
fbem-22318	195	55	policy	policy	NOUN
fbem-22318	195	56	recommendations	recommendation	NOUN
fbem-22318	195	57	the	the	DET
fbem-22318	195	58	purpose	purpose	NOUN
fbem-22318	195	59	of	of	ADP
fbem-22318	195	60	this	this	DET
fbem-22318	195	61	paper	paper	NOUN
fbem-22318	195	62	is	be	AUX
fbem-22318	195	63	to	to	PART
fbem-22318	195	64	study	study	VERB
fbem-22318	195	65	the	the	DET
fbem-22318	195	66	impact	impact	NOUN
fbem-22318	195	67	of	of	ADP
fbem-22318	195	68	the	the	DET
fbem-22318	195	69	second	second	ADJ
fbem-22318	195	70	round	round	NOUN
fbem-22318	195	71	of	of	ADP
fbem-22318	195	72	central	central	ADJ
fbem-22318	195	73	ecological	ecological	ADJ
fbem-22318	195	74	environmental	environmental	PROPN
fbem-22318	195	75	protection	protection	PROPN
fbem-22318	195	76	supervision	supervision	NOUN
fbem-22318	195	77	on	on	ADP
fbem-22318	195	78	the	the	DET
fbem-22318	195	79	performance	performance	NOUN
fbem-22318	195	80	of	of	ADP
fbem-22318	195	81	environmental	environmental	ADJ
fbem-22318	195	82	protection	protection	NOUN
fbem-22318	195	83	enterprises	enterprise	NOUN
fbem-22318	195	84	and	and	CCONJ
fbem-22318	195	85	its	its	PRON
fbem-22318	195	86	mechanism	mechanism	NOUN
fbem-22318	195	87	.	.	PUNCT
fbem-22318	196	1	semi	semi	ADJ
fbem-22318	196	2	-	-	ADJ
fbem-22318	196	3	annual	annual	ADJ
fbem-22318	196	4	data	datum	NOUN
fbem-22318	196	5	of	of	ADP
fbem-22318	196	6	environmental	environmental	ADJ
fbem-22318	196	7	protection	protection	NOUN
fbem-22318	196	8	listed	list	VERB
fbem-22318	196	9	companies	company	NOUN
fbem-22318	196	10	and	and	CCONJ
fbem-22318	196	11	some	some	DET
fbem-22318	196	12	nonenvironmental	nonenvironmental	ADJ
fbem-22318	196	13	protection	protection	NOUN
fbem-22318	196	14	listed	list	VERB
fbem-22318	196	15	companies	company	NOUN
fbem-22318	196	16	in	in	ADP
fbem-22318	196	17	china	china	PROPN
fbem-22318	196	18	's	's	PART
fbem-22318	196	19	a	a	DET
fbem-22318	196	20	-	-	PUNCT
fbem-22318	196	21	stock	stock	NOUN
fbem-22318	196	22	market	market	NOUN
fbem-22318	196	23	from	from	ADP
fbem-22318	196	24	2017	2017	NUM
fbem-22318	196	25	to	to	ADP
fbem-22318	196	26	2022	2022	NUM
fbem-22318	196	27	are	be	AUX
fbem-22318	196	28	used	use	VERB
fbem-22318	196	29	to	to	PART
fbem-22318	196	30	study	study	VERB
fbem-22318	196	31	the	the	DET
fbem-22318	196	32	impact	impact	NOUN
fbem-22318	196	33	and	and	CCONJ
fbem-22318	196	34	mechanism	mechanism	NOUN
fbem-22318	196	35	of	of	ADP
fbem-22318	196	36	the	the	DET
fbem-22318	196	37	regulations	regulation	NOUN
fbem-22318	196	38	on	on	ADP
fbem-22318	196	39	the	the	DET
fbem-22318	196	40	work	work	NOUN
fbem-22318	196	41	of	of	ADP
fbem-22318	196	42	central	central	ADJ
fbem-22318	196	43	ecological	ecological	ADJ
fbem-22318	196	44	environmental	environmental	PROPN
fbem-22318	196	45	protection	protection	PROPN
fbem-22318	196	46	supervision	supervision	NOUN
fbem-22318	196	47	on	on	ADP
fbem-22318	196	48	the	the	DET
fbem-22318	196	49	performance	performance	NOUN
fbem-22318	196	50	of	of	ADP
fbem-22318	196	51	environmental	environmental	ADJ
fbem-22318	196	52	protection	protection	NOUN
fbem-22318	196	53	enterprises	enterprise	NOUN
fbem-22318	196	54	by	by	ADP
fbem-22318	196	55	using	use	VERB
fbem-22318	196	56	the	the	DET
fbem-22318	196	57	difference	difference	NOUN
fbem-22318	196	58	-	-	PUNCT
fbem-22318	196	59	difference	difference	NOUN
fbem-22318	196	60	method	method	NOUN
fbem-22318	196	61	.	.	PUNCT
fbem-22318	197	1	the	the	DET
fbem-22318	197	2	following	follow	VERB
fbem-22318	197	3	conclusions	conclusion	NOUN
fbem-22318	197	4	can	can	AUX
fbem-22318	197	5	be	be	AUX
fbem-22318	197	6	drawn	draw	VERB
fbem-22318	197	7	:	:	PUNCT
fbem-22318	197	8	first	first	ADV
fbem-22318	197	9	,	,	PUNCT
fbem-22318	197	10	the	the	DET
fbem-22318	197	11	enactment	enactment	NOUN
fbem-22318	197	12	of	of	ADP
fbem-22318	197	13	the	the	DET
fbem-22318	197	14	regulations	regulation	NOUN
fbem-22318	197	15	has	have	AUX
fbem-22318	197	16	reduced	reduce	VERB
fbem-22318	197	17	the	the	DET
fbem-22318	197	18	performance	performance	NOUN
fbem-22318	197	19	of	of	ADP
fbem-22318	197	20	environmental	environmental	ADJ
fbem-22318	197	21	protection	protection	NOUN
fbem-22318	197	22	listed	list	VERB
fbem-22318	197	23	companies	company	NOUN
fbem-22318	197	24	;	;	PUNCT
fbem-22318	197	25	second	second	X
fbem-22318	197	26	,	,	PUNCT
fbem-22318	197	27	the	the	DET
fbem-22318	197	28	strengthening	strengthening	NOUN
fbem-22318	197	29	of	of	ADP
fbem-22318	197	30	regulatory	regulatory	ADJ
fbem-22318	197	31	effect	effect	NOUN
fbem-22318	197	32	and	and	CCONJ
fbem-22318	197	33	the	the	DET
fbem-22318	197	34	reduction	reduction	NOUN
fbem-22318	197	35	of	of	ADP
fbem-22318	197	36	innovation	innovation	NOUN
fbem-22318	197	37	input	input	NOUN
fbem-22318	197	38	are	be	AUX
fbem-22318	197	39	important	important	ADJ
fbem-22318	197	40	mechanisms	mechanism	NOUN
fbem-22318	197	41	.	.	PUNCT
fbem-22318	198	1	third	third	ADJ
fbem-22318	198	2	,	,	PUNCT
fbem-22318	198	3	from	from	ADP
fbem-22318	198	4	the	the	DET
fbem-22318	198	5	perspective	perspective	NOUN
fbem-22318	198	6	of	of	ADP
fbem-22318	198	7	heterogeneity	heterogeneity	NOUN
fbem-22318	198	8	,	,	PUNCT
fbem-22318	198	9	the	the	DET
fbem-22318	198	10	regulation	regulation	NOUN
fbem-22318	198	11	has	have	VERB
fbem-22318	198	12	a	a	DET
fbem-22318	198	13	greater	great	ADJ
fbem-22318	198	14	inhibitory	inhibitory	ADJ
fbem-22318	198	15	effect	effect	NOUN
fbem-22318	198	16	on	on	ADP
fbem-22318	198	17	the	the	DET
fbem-22318	198	18	performance	performance	NOUN
fbem-22318	198	19	of	of	ADP
fbem-22318	198	20	private	private	ADJ
fbem-22318	198	21	environmental	environmental	ADJ
fbem-22318	198	22	protection	protection	NOUN
fbem-22318	198	23	enterprises	enterprise	NOUN
fbem-22318	198	24	,	,	PUNCT
fbem-22318	198	25	but	but	CCONJ
fbem-22318	198	26	has	have	VERB
fbem-22318	198	27	no	no	DET
fbem-22318	198	28	significant	significant	ADJ
fbem-22318	198	29	impact	impact	NOUN
fbem-22318	198	30	on	on	ADP
fbem-22318	198	31	the	the	DET
fbem-22318	198	32	performance	performance	NOUN
fbem-22318	198	33	of	of	ADP
fbem-22318	198	34	state	state	NOUN
fbem-22318	198	35	-	-	PUNCT
fbem-22318	198	36	owned	own	VERB
fbem-22318	198	37	environmental	environmental	ADJ
fbem-22318	198	38	protection	protection	NOUN
fbem-22318	198	39	enterprises	enterprise	NOUN
fbem-22318	198	40	.	.	PUNCT
fbem-22318	199	1	the	the	DET
fbem-22318	199	2	regulation	regulation	NOUN
fbem-22318	199	3	has	have	VERB
fbem-22318	199	4	less	less	ADV
fbem-22318	199	5	inhibitory	inhibitory	ADJ
fbem-22318	199	6	effect	effect	NOUN
fbem-22318	199	7	on	on	ADP
fbem-22318	199	8	the	the	DET
fbem-22318	199	9	performance	performance	NOUN
fbem-22318	199	10	of	of	ADP
fbem-22318	199	11	large	large	ADJ
fbem-22318	199	12	-	-	PUNCT
fbem-22318	199	13	scale	scale	NOUN
fbem-22318	199	14	environmental	environmental	ADJ
fbem-22318	199	15	protection	protection	NOUN
fbem-22318	199	16	enterprises	enterprise	NOUN
fbem-22318	199	17	and	and	CCONJ
fbem-22318	199	18	more	more	ADV
fbem-22318	199	19	inhibitory	inhibitory	ADJ
fbem-22318	199	20	effect	effect	NOUN
fbem-22318	199	21	on	on	ADP
fbem-22318	199	22	the	the	DET
fbem-22318	199	23	performance	performance	NOUN
fbem-22318	199	24	of	of	ADP
fbem-22318	199	25	small	small	ADJ
fbem-22318	199	26	-	-	PUNCT
fbem-22318	199	27	scale	scale	NOUN
fbem-22318	199	28	environmental	environmental	ADJ
fbem-22318	199	29	protection	protection	NOUN
fbem-22318	199	30	enterprises	enterprise	NOUN
fbem-22318	199	31	.	.	PUNCT
fbem-22318	200	1	according	accord	VERB
fbem-22318	200	2	to	to	ADP
fbem-22318	200	3	the	the	DET
fbem-22318	200	4	above	above	ADJ
fbem-22318	200	5	conclusions	conclusion	NOUN
fbem-22318	200	6	and	and	CCONJ
fbem-22318	200	7	the	the	DET
fbem-22318	200	8	current	current	ADJ
fbem-22318	200	9	background	background	NOUN
fbem-22318	200	10	of	of	ADP
fbem-22318	200	11	china	china	PROPN
fbem-22318	200	12	's	's	PART
fbem-22318	200	13	environmental	environmental	ADJ
fbem-22318	200	14	governance	governance	NOUN
fbem-22318	200	15	,	,	PUNCT
fbem-22318	200	16	this	this	DET
fbem-22318	200	17	paper	paper	NOUN
fbem-22318	200	18	can	can	AUX
fbem-22318	200	19	extend	extend	VERB
fbem-22318	200	20	the	the	DET
fbem-22318	200	21	following	follow	VERB
fbem-22318	200	22	countermeasures	countermeasure	NOUN
fbem-22318	200	23	and	and	CCONJ
fbem-22318	200	24	suggestions	suggestion	NOUN
fbem-22318	200	25	.	.	PUNCT
fbem-22318	201	1	first	first	ADV
fbem-22318	201	2	,	,	PUNCT
fbem-22318	201	3	in	in	ADP
fbem-22318	201	4	the	the	DET
fbem-22318	201	5	context	context	NOUN
fbem-22318	201	6	of	of	ADP
fbem-22318	201	7	the	the	DET
fbem-22318	201	8	normalization	normalization	NOUN
fbem-22318	201	9	of	of	ADP
fbem-22318	201	10	environmental	environmental	ADJ
fbem-22318	201	11	protection	protection	NOUN
fbem-22318	201	12	"	"	PUNCT
fbem-22318	201	13	supervision	supervision	NOUN
fbem-22318	201	14	of	of	ADP
fbem-22318	201	15	high	high	ADJ
fbem-22318	201	16	pressure	pressure	NOUN
fbem-22318	201	17	"	"	PUNCT
fbem-22318	201	18	,	,	PUNCT
fbem-22318	201	19	the	the	DET
fbem-22318	201	20	relevant	relevant	ADJ
fbem-22318	201	21	local	local	ADJ
fbem-22318	201	22	governments	government	NOUN
fbem-22318	201	23	should	should	AUX
fbem-22318	201	24	constantly	constantly	ADV
fbem-22318	201	25	improve	improve	VERB
fbem-22318	201	26	the	the	DET
fbem-22318	201	27	mechanism	mechanism	NOUN
fbem-22318	201	28	of	of	ADP
fbem-22318	201	29	environmental	environmental	ADJ
fbem-22318	201	30	supervision	supervision	NOUN
fbem-22318	201	31	,	,	PUNCT
fbem-22318	201	32	the	the	DET
fbem-22318	201	33	supervision	supervision	NOUN
fbem-22318	201	34	of	of	ADP
fbem-22318	201	35	environmental	environmental	ADJ
fbem-22318	201	36	governance	governance	NOUN
fbem-22318	201	37	of	of	ADP
fbem-22318	201	38	enterprises	enterprise	NOUN
fbem-22318	201	39	can	can	AUX
fbem-22318	201	40	not	not	PART
fbem-22318	201	41	be	be	AUX
fbem-22318	201	42	superficial	superficial	ADJ
fbem-22318	201	43	in	in	ADP
fbem-22318	201	44	form	form	NOUN
fbem-22318	201	45	,	,	PUNCT
fbem-22318	201	46	and	and	CCONJ
fbem-22318	201	47	it	it	PRON
fbem-22318	201	48	is	be	AUX
fbem-22318	201	49	necessary	necessary	ADJ
fbem-22318	201	50	to	to	PART
fbem-22318	201	51	go	go	VERB
fbem-22318	201	52	deep	deep	ADV
fbem-22318	201	53	into	into	ADP
fbem-22318	201	54	the	the	DET
fbem-22318	201	55	internal	internal	ADJ
fbem-22318	201	56	investigation	investigation	NOUN
fbem-22318	201	57	of	of	ADP
fbem-22318	201	58	enterprises	enterprise	NOUN
fbem-22318	201	59	to	to	PART
fbem-22318	201	60	investigate	investigate	VERB
fbem-22318	201	61	whether	whether	SCONJ
fbem-22318	201	62	the	the	DET
fbem-22318	201	63	industrial	industrial	ADJ
fbem-22318	201	64	structure	structure	NOUN
fbem-22318	201	65	of	of	ADP
fbem-22318	201	66	enterprises	enterprise	NOUN
fbem-22318	201	67	is	be	AUX
fbem-22318	201	68	reasonable	reasonable	ADJ
fbem-22318	201	69	,	,	PUNCT
fbem-22318	201	70	whether	whether	SCONJ
fbem-22318	201	71	the	the	DET
fbem-22318	201	72	process	process	NOUN
fbem-22318	201	73	is	be	AUX
fbem-22318	201	74	energysaving	energysave	VERB
fbem-22318	201	75	,	,	PUNCT
fbem-22318	201	76	and	and	CCONJ
fbem-22318	201	77	whether	whether	SCONJ
fbem-22318	201	78	the	the	DET
fbem-22318	201	79	technology	technology	NOUN
fbem-22318	201	80	research	research	NOUN
fbem-22318	201	81	and	and	CCONJ
fbem-22318	201	82	development	development	NOUN
fbem-22318	201	83	377	377	NUM
fbem-22318	201	84	is	be	AUX
fbem-22318	201	85	in	in	ADP
fbem-22318	201	86	place	place	NOUN
fbem-22318	201	87	.	.	PUNCT
fbem-22318	202	1	second	second	ADJ
fbem-22318	202	2	,	,	PUNCT
fbem-22318	202	3	under	under	ADP
fbem-22318	202	4	the	the	DET
fbem-22318	202	5	background	background	NOUN
fbem-22318	202	6	of	of	ADP
fbem-22318	202	7	normalizing	normalize	VERB
fbem-22318	202	8	the	the	DET
fbem-22318	202	9	high	high	ADJ
fbem-22318	202	10	pressure	pressure	NOUN
fbem-22318	202	11	of	of	ADP
fbem-22318	202	12	environmental	environmental	ADJ
fbem-22318	202	13	protection	protection	NOUN
fbem-22318	202	14	inspectors	inspector	NOUN
fbem-22318	202	15	and	and	CCONJ
fbem-22318	202	16	building	build	VERB
fbem-22318	202	17	a	a	DET
fbem-22318	202	18	modern	modern	ADJ
fbem-22318	202	19	environmental	environmental	ADJ
fbem-22318	202	20	governance	governance	NOUN
fbem-22318	202	21	system	system	NOUN
fbem-22318	202	22	,	,	PUNCT
fbem-22318	202	23	it	it	PRON
fbem-22318	202	24	is	be	AUX
fbem-22318	202	25	necessary	necessary	ADJ
fbem-22318	202	26	to	to	PART
fbem-22318	202	27	strengthen	strengthen	VERB
fbem-22318	202	28	the	the	DET
fbem-22318	202	29	support	support	NOUN
fbem-22318	202	30	of	of	ADP
fbem-22318	202	31	the	the	DET
fbem-22318	202	32	environmental	environmental	PROPN
fbem-22318	202	33	protection	protection	NOUN
fbem-22318	202	34	industry	industry	NOUN
fbem-22318	202	35	.	.	PUNCT
fbem-22318	203	1	we	we	PRON
fbem-22318	203	2	will	will	AUX
fbem-22318	203	3	strengthen	strengthen	VERB
fbem-22318	203	4	independent	independent	ADJ
fbem-22318	203	5	innovation	innovation	NOUN
fbem-22318	203	6	in	in	ADP
fbem-22318	203	7	key	key	ADJ
fbem-22318	203	8	environmental	environmental	ADJ
fbem-22318	203	9	protection	protection	NOUN
fbem-22318	203	10	technology	technology	NOUN
fbem-22318	203	11	products	product	NOUN
fbem-22318	203	12	,	,	PUNCT
fbem-22318	203	13	intensify	intensify	VERB
fbem-22318	203	14	research	research	NOUN
fbem-22318	203	15	and	and	CCONJ
fbem-22318	203	16	development	development	NOUN
fbem-22318	203	17	of	of	ADP
fbem-22318	203	18	environmental	environmental	ADJ
fbem-22318	203	19	protection	protection	NOUN
fbem-22318	203	20	technology	technology	NOUN
fbem-22318	203	21	products	product	NOUN
fbem-22318	203	22	,	,	PUNCT
fbem-22318	203	23	promote	promote	VERB
fbem-22318	203	24	the	the	DET
fbem-22318	203	25	demonstration	demonstration	NOUN
fbem-22318	203	26	and	and	CCONJ
fbem-22318	203	27	application	application	NOUN
fbem-22318	203	28	of	of	ADP
fbem-22318	203	29	major	major	ADJ
fbem-22318	203	30	environmental	environmental	ADJ
fbem-22318	203	31	protection	protection	NOUN
fbem-22318	203	32	technologies	technology	NOUN
fbem-22318	203	33	and	and	CCONJ
fbem-22318	203	34	equipment	equipment	NOUN
fbem-22318	203	35	,	,	PUNCT
fbem-22318	203	36	and	and	CCONJ
fbem-22318	203	37	accelerate	accelerate	VERB
fbem-22318	203	38	the	the	DET
fbem-22318	203	39	improvement	improvement	NOUN
fbem-22318	203	40	of	of	ADP
fbem-22318	203	41	technology	technology	NOUN
fbem-22318	203	42	and	and	CCONJ
fbem-22318	203	43	equipment	equipment	NOUN
fbem-22318	203	44	in	in	ADP
fbem-22318	203	45	environmental	environmental	ADJ
fbem-22318	203	46	protection	protection	NOUN
fbem-22318	203	47	industries	industry	NOUN
fbem-22318	203	48	.	.	PUNCT
fbem-22318	204	1	third	third	ADV
fbem-22318	204	2	,	,	PUNCT
fbem-22318	204	3	improve	improve	VERB
fbem-22318	204	4	the	the	DET
fbem-22318	204	5	financial	financial	ADJ
fbem-22318	204	6	support	support	NOUN
fbem-22318	204	7	for	for	ADP
fbem-22318	204	8	the	the	DET
fbem-22318	204	9	operation	operation	NOUN
fbem-22318	204	10	and	and	CCONJ
fbem-22318	204	11	development	development	NOUN
fbem-22318	204	12	of	of	ADP
fbem-22318	204	13	environmental	environmental	ADJ
fbem-22318	204	14	protection	protection	NOUN
fbem-22318	204	15	enterprises	enterprise	NOUN
fbem-22318	204	16	,	,	PUNCT
fbem-22318	204	17	promote	promote	VERB
fbem-22318	204	18	the	the	DET
fbem-22318	204	19	rapid	rapid	ADJ
fbem-22318	204	20	development	development	NOUN
fbem-22318	204	21	of	of	ADP
fbem-22318	204	22	environmental	environmental	ADJ
fbem-22318	204	23	protection	protection	NOUN
fbem-22318	204	24	enterprises	enterprise	NOUN
fbem-22318	204	25	in	in	ADP
fbem-22318	204	26	terms	term	NOUN
fbem-22318	204	27	of	of	ADP
fbem-22318	204	28	market	market	NOUN
fbem-22318	204	29	opening	opening	NOUN
fbem-22318	204	30	,	,	PUNCT
fbem-22318	204	31	technology	technology	NOUN
fbem-22318	204	32	and	and	CCONJ
fbem-22318	204	33	equipment	equipment	NOUN
fbem-22318	204	34	,	,	PUNCT
fbem-22318	204	35	management	management	NOUN
fbem-22318	204	36	and	and	CCONJ
fbem-22318	204	37	operation	operation	NOUN
fbem-22318	204	38	,	,	PUNCT
fbem-22318	204	39	and	and	CCONJ
fbem-22318	204	40	achieve	achieve	VERB
fbem-22318	204	41	highquality	highquality	NOUN
fbem-22318	204	42	development	development	NOUN
fbem-22318	204	43	.	.	PUNCT
fbem-22318	205	1	references	reference	NOUN
fbem-22318	205	2	[	[	X
fbem-22318	205	3	1	1	NUM
fbem-22318	205	4	]	]	X
fbem-22318	205	5	wang	wang	PROPN
fbem-22318	205	6	ling	ling	PROPN
fbem-22318	205	7	,	,	PUNCT
fbem-22318	205	8	liu	liu	PROPN
fbem-22318	205	9	xiangfeng	xiangfeng	PROPN
fbem-22318	205	10	,	,	PUNCT
fbem-22318	205	11	xiong	xiong	PROPN
fbem-22318	205	12	yan	yan	PROPN
fbem-22318	205	13	.	.	PUNCT
fbem-22318	206	1	central	central	ADJ
fbem-22318	206	2	environmental	environmental	ADJ
fbem-22318	206	3	supervision	supervision	NOUN
fbem-22318	206	4	and	and	CCONJ
fbem-22318	206	5	air	air	NOUN
fbem-22318	206	6	pollution	pollution	NOUN
fbem-22318	206	7	control	control	NOUN
fbem-22318	206	8	:	:	PUNCT
fbem-22318	206	9	an	an	DET
fbem-22318	206	10	empirical	empirical	ADJ
fbem-22318	206	11	analysis	analysis	NOUN
fbem-22318	206	12	based	base	VERB
fbem-22318	206	13	on	on	ADP
fbem-22318	206	14	micro	micro	ADJ
fbem-22318	206	15	-	-	NOUN
fbem-22318	206	16	panel	panel	NOUN
fbem-22318	206	17	data	datum	NOUN
fbem-22318	206	18	of	of	ADP
fbem-22318	206	19	prefecture	prefecture	NOUN
fbem-22318	206	20	-	-	PUNCT
fbem-22318	206	21	level	level	NOUN
fbem-22318	206	22	cities	city	NOUN
fbem-22318	207	1	[	[	X
fbem-22318	207	2	j	j	X
fbem-22318	207	3	]	]	X
fbem-22318	207	4	.	.	PUNCT
fbem-22318	208	1	china	china	PROPN
fbem-22318	208	2	industrial	industrial	ADJ
fbem-22318	208	3	economy	economy	NOUN
fbem-22318	208	4	,	,	PUNCT
fbem-22318	208	5	2019(10):5	2019(10):5	NUM
fbem-22318	208	6	-	-	SYM
fbem-22318	208	7	22	22	NUM
fbem-22318	208	8	.	.	PUNCT
fbem-22318	209	1	[	[	X
fbem-22318	209	2	2	2	X
fbem-22318	209	3	]	]	X
fbem-22318	209	4	liu	liu	PROPN
fbem-22318	209	5	zhangli	zhangli	PROPN
fbem-22318	209	6	,	,	PUNCT
fbem-22318	209	7	wu	wu	PROPN
fbem-22318	209	8	jiannan	jiannan	PROPN
fbem-22318	209	9	.	.	PUNCT
fbem-22318	209	10	has	have	AUX
fbem-22318	209	11	the	the	DET
fbem-22318	209	12	central	central	ADJ
fbem-22318	209	13	environmental	environmental	ADJ
fbem-22318	209	14	inspector	inspector	NOUN
fbem-22318	209	15	improved	improve	VERB
fbem-22318	209	16	air	air	NOUN
fbem-22318	209	17	quality	quality	NOUN
fbem-22318	209	18	?	?	PUNCT
fbem-22318	210	1	empirical	empirical	ADJ
fbem-22318	210	2	research	research	NOUN
fbem-22318	210	3	based	base	VERB
fbem-22318	210	4	on	on	ADP
fbem-22318	210	5	differentially	differentially	ADV
fbem-22318	210	6	differential	differential	ADJ
fbem-22318	210	7	model	model	NOUN
fbem-22318	211	1	[	[	X
fbem-22318	211	2	j	j	X
fbem-22318	211	3	]	]	X
fbem-22318	211	4	.	.	PUNCT
fbem-22318	212	1	review	review	NOUN
fbem-22318	212	2	of	of	ADP
fbem-22318	212	3	public	public	ADJ
fbem-22318	212	4	administration	administration	NOUN
fbem-22318	212	5	,	,	PUNCT
fbem-22318	212	6	2019(2):23	2019(2):23	NUM
fbem-22318	212	7	-	-	SYM
fbem-22318	212	8	42	42	NUM
fbem-22318	212	9	.	.	PUNCT
fbem-22318	213	1	[	[	X
fbem-22318	213	2	3	3	X
fbem-22318	213	3	]	]	X
fbem-22318	213	4	zhou	zhou	PROPN
fbem-22318	213	5	xiaobo	xiaobo	PROPN
fbem-22318	213	6	,	,	PUNCT
fbem-22318	213	7	ma	ma	PROPN
fbem-22318	213	8	tianming	tianming	NOUN
fbem-22318	213	9	.	.	PUNCT
fbem-22318	214	1	research	research	NOUN
fbem-22318	214	2	on	on	ADP
fbem-22318	214	3	the	the	DET
fbem-22318	214	4	effectiveness	effectiveness	NOUN
fbem-22318	214	5	of	of	ADP
fbem-22318	214	6	central	central	ADJ
fbem-22318	214	7	environmental	environmental	ADJ
fbem-22318	214	8	supervision	supervision	NOUN
fbem-22318	214	9	based	base	VERB
fbem-22318	214	10	on	on	ADP
fbem-22318	214	11	the	the	DET
fbem-22318	214	12	perspective	perspective	NOUN
fbem-22318	214	13	of	of	ADP
fbem-22318	214	14	national	national	ADJ
fbem-22318	214	15	governance	governance	NOUN
fbem-22318	215	1	[	[	X
fbem-22318	215	2	j	j	X
fbem-22318	215	3	]	]	X
fbem-22318	215	4	.	.	PUNCT
fbem-22318	216	1	contemporary	contemporary	ADJ
fbem-22318	216	2	finance	finance	PROPN
fbem-22318	216	3	and	and	CCONJ
fbem-22318	216	4	economics	economic	NOUN
fbem-22318	216	5	,	,	PUNCT
fbem-22318	216	6	2020(2):27	2020(2):27	NUM
fbem-22318	216	7	-	-	SYM
fbem-22318	216	8	39	39	NUM
fbem-22318	216	9	.	.	PUNCT
fbem-22318	217	1	[	[	X
fbem-22318	217	2	4	4	NUM
fbem-22318	217	3	]	]	X
fbem-22318	217	4	li	li	PROPN
fbem-22318	217	5	yi	yi	PROPN
fbem-22318	217	6	,	,	PUNCT
fbem-22318	217	7	gao	gao	PROPN
fbem-22318	217	8	da	da	PROPN
fbem-22318	217	9	,	,	PUNCT
fbem-22318	217	10	wei	wei	PROPN
fbem-22318	217	11	ping	ping	PROPN
fbem-22318	217	12	.	.	PUNCT
fbem-22318	218	1	can	can	AUX
fbem-22318	218	2	central	central	ADJ
fbem-22318	218	3	environmental	environmental	ADJ
fbem-22318	218	4	protection	protection	NOUN
fbem-22318	218	5	inspectors	inspector	NOUN
fbem-22318	218	6	induce	induce	VERB
fbem-22318	218	7	green	green	ADJ
fbem-22318	218	8	innovation	innovation	NOUN
fbem-22318	218	9	in	in	ADP
fbem-22318	218	10	enterprises	enterprise	NOUN
fbem-22318	218	11	?	?	PUNCT
fbem-22318	219	1	[	[	X
fbem-22318	219	2	j	j	X
fbem-22318	219	3	]	]	X
fbem-22318	219	4	.	.	PUNCT
fbem-22318	220	1	research	research	NOUN
fbem-22318	220	2	in	in	ADP
fbem-22318	220	3	science	science	NOUN
fbem-22318	220	4	of	of	ADP
fbem-22318	220	5	science	science	NOUN
fbem-22318	220	6	,	,	PUNCT
fbem-22318	220	7	2021(8):1504	2021(8):1504	NUM
fbem-22318	220	8	-	-	SYM
fbem-22318	220	9	1516	1516	NUM
fbem-22318	220	10	.	.	PUNCT
fbem-22318	221	1	[	[	X
fbem-22318	221	2	5	5	NUM
fbem-22318	221	3	]	]	PUNCT
fbem-22318	221	4	song	song	NOUN
fbem-22318	221	5	peng	peng	PROPN
fbem-22318	221	6	.	.	PROPN
fbem-22318	221	7	has	have	AUX
fbem-22318	221	8	the	the	DET
fbem-22318	221	9	central	central	ADJ
fbem-22318	221	10	environmental	environmental	ADJ
fbem-22318	221	11	protection	protection	NOUN
fbem-22318	221	12	inspector	inspector	NOUN
fbem-22318	221	13	promoted	promote	VERB
fbem-22318	221	14	the	the	DET
fbem-22318	221	15	green	green	ADJ
fbem-22318	221	16	innovation	innovation	NOUN
fbem-22318	221	17	of	of	ADP
fbem-22318	221	18	heavy	heavy	ADJ
fbem-22318	221	19	polluting	polluting	NOUN
fbem-22318	221	20	enterprises	enterprise	NOUN
fbem-22318	221	21	?	?	PUNCT
fbem-22318	222	1	-evidence	-evidence	NOUN
fbem-22318	222	2	from	from	ADP
fbem-22318	222	3	green	green	ADJ
fbem-22318	222	4	patent	patent	NOUN
fbem-22318	222	5	data	datum	NOUN
fbem-22318	222	6	of	of	ADP
fbem-22318	222	7	listed	list	VERB
fbem-22318	222	8	enterprises	enterprise	NOUN
fbem-22318	222	9	[	[	X
fbem-22318	222	10	j	j	X
fbem-22318	222	11	]	]	X
fbem-22318	222	12	.	.	PUNCT
fbem-22318	223	1	china	china	PROPN
fbem-22318	223	2	environmental	environmental	PROPN
fbem-22318	223	3	management	management	PROPN
fbem-22318	223	4	,	,	PUNCT
fbem-22318	223	5	2022	2022	NUM
fbem-22318	223	6	(	(	PUNCT
fbem-22318	223	7	3):73	3):73	PROPN
fbem-22318	223	8	-	-	SYM
fbem-22318	223	9	80	80	NUM
fbem-22318	223	10	.	.	PUNCT
fbem-22318	224	1	[	[	X
fbem-22318	224	2	6	6	NUM
fbem-22318	224	3	]	]	PUNCT
fbem-22318	224	4	yang	yang	PROPN
fbem-22318	224	5	liu	liu	PROPN
fbem-22318	224	6	-	-	PUNCT
fbem-22318	224	7	yong	yong	PROPN
fbem-22318	224	8	,	,	PUNCT
fbem-22318	224	9	zhang	zhang	PROPN
fbem-22318	224	10	ze	ze	PROPN
fbem-22318	224	11	-	-	PUNCT
fbem-22318	224	12	ye	ye	PROPN
fbem-22318	224	13	,	,	PUNCT
fbem-22318	224	14	zheng	zheng	PROPN
fbem-22318	224	15	jian	jian	PROPN
fbem-22318	224	16	-	-	PUNCT
fbem-22318	224	17	ming	ming	PROPN
fbem-22318	224	18	.	.	PUNCT
fbem-22318	225	1	can	can	AUX
fbem-22318	225	2	central	central	ADJ
fbem-22318	225	3	environmental	environmental	ADJ
fbem-22318	225	4	inspectors	inspector	NOUN
fbem-22318	225	5	promote	promote	VERB
fbem-22318	225	6	corporate	corporate	ADJ
fbem-22318	225	7	environmental	environmental	ADJ
fbem-22318	225	8	investment	investment	NOUN
fbem-22318	225	9	?	?	PUNCT
fbem-22318	226	1	-empirical	-empirical	ADJ
fbem-22318	226	2	analysis	analysis	NOUN
fbem-22318	226	3	based	base	VERB
fbem-22318	226	4	on	on	ADP
fbem-22318	226	5	chinese	chinese	ADJ
fbem-22318	226	6	listed	list	VERB
fbem-22318	226	7	companies	company	NOUN
fbem-22318	227	1	[	[	X
fbem-22318	227	2	j	j	X
fbem-22318	227	3	]	]	X
fbem-22318	227	4	.	.	PUNCT
fbem-22318	228	1	journal	journal	PROPN
fbem-22318	228	2	of	of	ADP
fbem-22318	228	3	zhejiang	zhejiang	PROPN
fbem-22318	228	4	university	university	PROPN
fbem-22318	228	5	,	,	PUNCT
fbem-22318	228	6	2021	2021	NUM
fbem-22318	228	7	(	(	PUNCT
fbem-22318	228	8	3	3	NUM
fbem-22318	228	9	):	):	PUNCT
fbem-22318	228	10	95	95	NUM
fbem-22318	228	11	-	-	SYM
fbem-22318	228	12	116	116	NUM
fbem-22318	228	13	.	.	PUNCT
fbem-22318	229	1	[	[	X
fbem-22318	229	2	7	7	X
fbem-22318	229	3	]	]	X
fbem-22318	229	4	chen	chen	PROPN
fbem-22318	229	5	renjun	renjun	PROPN
fbem-22318	229	6	,	,	PUNCT
fbem-22318	229	7	xiao	xiao	PROPN
fbem-22318	229	8	qing	qing	PROPN
fbem-22318	229	9	-	-	PUNCT
fbem-22318	229	10	lan	lan	PROPN
fbem-22318	229	11	.	.	PUNCT
fbem-22318	230	1	can	can	AUX
fbem-22318	230	2	central	central	ADJ
fbem-22318	230	3	environmental	environmental	ADJ
fbem-22318	230	4	inspectors	inspector	NOUN
fbem-22318	230	5	improve	improve	VERB
fbem-22318	230	6	corporate	corporate	ADJ
fbem-22318	230	7	performance	performance	NOUN
fbem-22318	230	8	?	?	PUNCT
fbem-22318	231	1	a	a	DET
fbem-22318	231	2	case	case	NOUN
fbem-22318	231	3	study	study	NOUN
fbem-22318	231	4	of	of	ADP
fbem-22318	231	5	listed	list	VERB
fbem-22318	231	6	industrial	industrial	ADJ
fbem-22318	231	7	enterprises	enterprise	NOUN
fbem-22318	231	8	[	[	X
fbem-22318	231	9	j	j	X
fbem-22318	231	10	]	]	X
fbem-22318	231	11	.	.	PUNCT
fbem-22318	232	1	economic	economic	ADJ
fbem-22318	232	2	review	review	PROPN
fbem-22318	232	3	,	,	PUNCT
fbem-22318	232	4	2019(5):3649	2019(5):3649	NOUN
fbem-22318	232	5	.	.	PUNCT
fbem-22318	233	1	[	[	X
fbem-22318	233	2	8	8	NUM
fbem-22318	233	3	]	]	X
fbem-22318	233	4	feng	feng	PROPN
fbem-22318	233	5	g	g	PROPN
fbem-22318	233	6	x.	x.	NOUN
fbem-22318	233	7	formation	formation	NOUN
fbem-22318	233	8	of	of	ADP
fbem-22318	233	9	"	"	PUNCT
fbem-22318	233	10	consensus	consensus	NOUN
fbem-22318	233	11	interactive	interactive	ADJ
fbem-22318	233	12	"	"	PUNCT
fbem-22318	233	13	environmental	environmental	ADJ
fbem-22318	233	14	policy	policy	NOUN
fbem-22318	233	15	implementation	implementation	NOUN
fbem-22318	233	16	network	network	NOUN
fbem-22318	233	17	:	:	PUNCT
fbem-22318	233	18	a	a	DET
fbem-22318	233	19	case	case	NOUN
fbem-22318	233	20	study	study	NOUN
fbem-22318	233	21	of	of	ADP
fbem-22318	233	22	environmental	environmental	ADJ
fbem-22318	233	23	protection	protection	PROPN
fbem-22318	233	24	consultation	consultation	NOUN
fbem-22318	233	25	system	system	NOUN
fbem-22318	233	26	[	[	X
fbem-22318	233	27	j	j	X
fbem-22318	233	28	]	]	X
fbem-22318	233	29	.	.	PUNCT
fbem-22318	234	1	journal	journal	PROPN
fbem-22318	234	2	of	of	ADP
fbem-22318	234	3	dongyue	dongyue	PROPN
fbem-22318	234	4	,	,	PUNCT
fbem-22318	234	5	2016	2016	NUM
fbem-22318	234	6	,	,	PUNCT
fbem-22318	234	7	37(04):55	37(04):55	NUM
fbem-22318	234	8	-	-	SYM
fbem-22318	234	9	61	61	NUM
fbem-22318	234	10	.	.	PUNCT
fbem-22318	235	1	[	[	X
fbem-22318	235	2	9	9	X
fbem-22318	235	3	]	]	PUNCT
fbem-22318	235	4	[	[	X
fbem-22318	235	5	chen	chen	PROPN
fbem-22318	235	6	h	h	PROPN
fbem-22318	235	7	s.	s.	PROPN
fbem-22318	235	8	institutional	institutional	ADJ
fbem-22318	235	9	obstacles	obstacle	NOUN
fbem-22318	235	10	and	and	CCONJ
fbem-22318	235	11	governance	governance	NOUN
fbem-22318	235	12	paths	path	NOUN
fbem-22318	235	13	of	of	ADP
fbem-22318	235	14	environmental	environmental	ADJ
fbem-22318	235	15	rule	rule	NOUN
fbem-22318	235	16	of	of	ADP
fbem-22318	235	17	law	law	NOUN
fbem-22318	235	18	in	in	ADP
fbem-22318	235	19	china	china	PROPN
fbem-22318	235	20	-based	-base	VERB
fbem-22318	235	21	on	on	ADP
fbem-22318	235	22	the	the	DET
fbem-22318	235	23	analysis	analysis	NOUN
fbem-22318	235	24	of	of	ADP
fbem-22318	235	25	central	central	ADJ
fbem-22318	235	26	environmental	environmental	ADJ
fbem-22318	235	27	protection	protection	NOUN
fbem-22318	235	28	inspectors	inspector	NOUN
fbem-22318	235	29	.	.	PUNCT
fbem-22318	235	30	]	]	PUNCT
fbem-22318	235	31	law	law	NOUN
fbem-22318	235	32	science	science	NOUN
fbem-22318	235	33	(	(	PUNCT
fbem-22318	235	34	journal	journal	NOUN
fbem-22318	235	35	of	of	ADP
fbem-22318	235	36	northwest	northwest	PROPN
fbem-22318	235	37	university	university	PROPN
fbem-22318	235	38	of	of	ADP
fbem-22318	235	39	political	political	ADJ
fbem-22318	235	40	science	science	NOUN
fbem-22318	235	41	and	and	CCONJ
fbem-22318	235	42	law	law	NOUN
fbem-22318	235	43	)	)	PUNCT
fbem-22318	235	44	,	,	PUNCT
fbem-22318	235	45	2019	2019	NUM
fbem-22318	235	46	,	,	PUNCT
fbem-22318	235	47	37(04):149	37(04):149	NUM
fbem-22318	235	48	-	-	SYM
fbem-22318	235	49	159	159	NUM
fbem-22318	235	50	.	.	PUNCT
fbem-22318	236	1	[	[	X
fbem-22318	236	2	10	10	NUM
fbem-22318	236	3	]	]	X
fbem-22318	236	4	shi	shi	PROPN
fbem-22318	236	5	qingling	qingling	PROPN
fbem-22318	236	6	,	,	PUNCT
fbem-22318	236	7	guo	guo	PROPN
fbem-22318	236	8	feng	feng	PROPN
fbem-22318	236	9	,	,	PUNCT
fbem-22318	236	10	chen	chen	PROPN
fbem-22318	236	11	shiyi	shiyi	PROPN
fbem-22318	236	12	.	.	PUNCT
fbem-22318	237	1	"	"	PUNCT
fbem-22318	237	2	political	political	ADJ
fbem-22318	237	3	blue	blue	ADJ
fbem-22318	237	4	sky	sky	NOUN
fbem-22318	237	5	"	"	PUNCT
fbem-22318	237	6	in	in	ADP
fbem-22318	237	7	haze	haze	NOUN
fbem-22318	237	8	control	control	NOUN
fbem-22318	237	9	:	:	PUNCT
fbem-22318	237	10	evidence	evidence	NOUN
fbem-22318	237	11	from	from	ADP
fbem-22318	237	12	china	china	PROPN
fbem-22318	237	13	's	's	PART
fbem-22318	237	14	local	local	ADJ
fbem-22318	237	15	"	"	PUNCT
fbem-22318	237	16	two	two	NUM
fbem-22318	237	17	sessions	session	NOUN
fbem-22318	237	18	"	"	PUNCT
fbem-22318	238	1	[	[	X
fbem-22318	238	2	j	j	X
fbem-22318	238	3	]	]	X
fbem-22318	238	4	.	.	PUNCT
fbem-22318	239	1	china	china	PROPN
fbem-22318	239	2	industrial	industrial	ADJ
fbem-22318	239	3	economy	economy	NOUN
fbem-22318	239	4	,	,	PUNCT
fbem-22318	239	5	2016(5):40	2016(5):40	NUM
fbem-22318	239	6	-	-	SYM
fbem-22318	239	7	56	56	NUM
fbem-22318	239	8	.	.	PUNCT
fbem-22318	240	1	[	[	X
fbem-22318	240	2	11	11	NUM
fbem-22318	240	3	]	]	X
fbem-22318	240	4	ye	ye	PRON
fbem-22318	240	5	ling	ling	PROPN
fbem-22318	240	6	,	,	PUNCT
fbem-22318	240	7	wang	wang	PROPN
fbem-22318	240	8	yaxing	yaxing	PROPN
fbem-22318	240	9	.	.	PUNCT
fbem-22318	241	1	manager	manager	NOUN
fbem-22318	241	2	overconfidence	overconfidence	NOUN
fbem-22318	241	3	,	,	PUNCT
fbem-22318	241	4	firm	firm	ADJ
fbem-22318	241	5	investment	investment	NOUN
fbem-22318	241	6	and	and	CCONJ
fbem-22318	241	7	firm	firm	ADJ
fbem-22318	241	8	performance	performance	NOUN
fbem-22318	241	9	:	:	PUNCT
fbem-22318	241	10	an	an	DET
fbem-22318	241	11	empirical	empirical	ADJ
fbem-22318	241	12	study	study	NOUN
fbem-22318	241	13	of	of	ADP
fbem-22318	241	14	china	china	PROPN
fbem-22318	241	15	's	's	PART
fbem-22318	241	16	a	a	DET
fbem-22318	241	17	-	-	PUNCT
fbem-22318	241	18	share	share	NOUN
fbem-22318	241	19	listed	list	VERB
fbem-22318	241	20	companies	company	NOUN
fbem-22318	241	21	[	[	X
fbem-22318	241	22	j	j	X
fbem-22318	241	23	]	]	X
fbem-22318	241	24	.	.	PUNCT
fbem-22318	242	1	journal	journal	PROPN
fbem-22318	242	2	of	of	ADP
fbem-22318	242	3	shanxi	shanxi	PROPN
fbem-22318	242	4	university	university	PROPN
fbem-22318	242	5	of	of	ADP
fbem-22318	242	6	finance	finance	NOUN
fbem-22318	242	7	and	and	CCONJ
fbem-22318	242	8	economics	economic	NOUN
fbem-22318	242	9	,	,	PUNCT
fbem-22318	242	10	2013(1):116	2013(1):116	NUM
fbem-22318	242	11	-	-	SYM
fbem-22318	242	12	124	124	NUM
fbem-22318	242	13	.	.	PUNCT
fbem-22318	243	1	[	[	X
fbem-22318	243	2	12	12	NUM
fbem-22318	243	3	]	]	PUNCT
fbem-22318	243	4	xu	xu	PROPN
fbem-22318	243	5	feng	feng	PROPN
fbem-22318	243	6	,	,	PUNCT
fbem-22318	243	7	pan	pan	PROPN
fbem-22318	243	8	qi	qi	PROPN
fbem-22318	243	9	,	,	PUNCT
fbem-22318	243	10	wang	wang	PROPN
fbem-22318	243	11	ya	ya	PROPN
fbem-22318	243	12	nan	nan	PROPN
fbem-22318	243	13	.	.	PUNCT
fbem-22318	244	1	research	research	NOUN
fbem-22318	244	2	on	on	ADP
fbem-22318	244	3	the	the	DET
fbem-22318	244	4	impact	impact	NOUN
fbem-22318	244	5	of	of	ADP
fbem-22318	244	6	green	green	ADJ
fbem-22318	244	7	low	low	ADJ
fbem-22318	244	8	-	-	PUNCT
fbem-22318	244	9	carbon	carbon	NOUN
fbem-22318	244	10	transformation	transformation	NOUN
fbem-22318	244	11	on	on	ADP
fbem-22318	244	12	corporate	corporate	ADJ
fbem-22318	244	13	profitability	profitability	NOUN
fbem-22318	244	14	under	under	ADP
fbem-22318	244	15	the	the	DET
fbem-22318	244	16	"	"	PUNCT
fbem-22318	244	17	two	two	NUM
fbem-22318	244	18	-	-	PUNCT
fbem-22318	244	19	carbon	carbon	NOUN
fbem-22318	244	20	"	"	PUNCT
fbem-22318	244	21	goal	goal	NOUN
fbem-22318	245	1	[	[	X
fbem-22318	245	2	j	j	X
fbem-22318	245	3	]	]	X
fbem-22318	245	4	.	.	PUNCT
fbem-22318	246	1	macroeconomic	macroeconomic	ADJ
fbem-22318	246	2	research	research	NOUN
fbem-22318	246	3	,	,	PUNCT
fbem-22318	246	4	2022(1):161	2022(1):161	NUM
fbem-22318	246	5	-	-	SYM
fbem-22318	246	6	175	175	NUM
fbem-22318	246	7	.	.	PUNCT
fbem-22318	246	8	]	]	X
fbem-22318	247	1	[	[	X
fbem-22318	247	2	13	13	NUM
fbem-22318	247	3	]	]	X
fbem-22318	247	4	chen	chen	PROPN
fbem-22318	247	5	zhi	zhi	PROPN
fbem-22318	247	6	-	-	PUNCT
fbem-22318	247	7	gang	gang	PROPN
fbem-22318	247	8	,	,	PUNCT
fbem-22318	247	9	gong	gong	PROPN
fbem-22318	247	10	yi	yi	PROPN
fbem-22318	247	11	-	-	PUNCT
fbem-22318	247	12	fei	fei	PROPN
fbem-22318	247	13	.	.	PUNCT
fbem-22318	248	1	impact	impact	NOUN
fbem-22318	248	2	and	and	CCONJ
fbem-22318	248	3	mechanism	mechanism	NOUN
fbem-22318	248	4	analysis	analysis	NOUN
fbem-22318	248	5	of	of	ADP
fbem-22318	248	6	green	green	ADJ
fbem-22318	248	7	finance	finance	NOUN
fbem-22318	248	8	on	on	ADP
fbem-22318	248	9	corporate	corporate	ADJ
fbem-22318	248	10	performance	performance	NOUN
fbem-22318	249	1	[	[	X
fbem-22318	249	2	j	j	X
fbem-22318	249	3	]	]	X
fbem-22318	249	4	.	.	PUNCT
fbem-22318	250	1	finance	finance	NOUN
fbem-22318	250	2	and	and	CCONJ
fbem-22318	250	3	finance	finance	NOUN
fbem-22318	250	4	,	,	PUNCT
fbem-22318	250	5	2022	2022	NUM
fbem-22318	250	6	(	(	PUNCT
fbem-22318	250	7	5):72	5):72	PROPN
fbem-22318	250	8	-	-	SYM
fbem-22318	250	9	85	85	NUM
fbem-22318	250	10	.	.	PUNCT
fbem-22318	251	1	(	(	PUNCT
fbem-22318	251	2	in	in	ADP
fbem-22318	251	3	chinese	chinese	PROPN
fbem-22318	251	4	)	)	PUNCT
fbem-22318	252	1	[	[	X
fbem-22318	252	2	14	14	NUM
fbem-22318	252	3	]	]	X
fbem-22318	252	4	shi	shi	PROPN
fbem-22318	252	5	daqian	daqian	PROPN
fbem-22318	252	6	,	,	PUNCT
fbem-22318	252	7	ding	ding	PROPN
fbem-22318	252	8	hai	hai	PROPN
fbem-22318	252	9	,	,	PUNCT
fbem-22318	252	10	wei	wei	PROPN
fbem-22318	252	11	ping	ping	PROPN
fbem-22318	252	12	,	,	PUNCT
fbem-22318	252	13	liu	liu	PROPN
fbem-22318	252	14	jianjiang	jianjiang	PROPN
fbem-22318	252	15	.	.	PUNCT
fbem-22318	253	1	whether	whether	SCONJ
fbem-22318	253	2	smart	smart	ADJ
fbem-22318	253	3	city	city	NOUN
fbem-22318	253	4	construction	construction	NOUN
fbem-22318	253	5	can	can	AUX
fbem-22318	253	6	reduce	reduce	VERB
fbem-22318	253	7	environmental	environmental	ADJ
fbem-22318	253	8	pollution	pollution	NOUN
fbem-22318	254	1	[	[	X
fbem-22318	254	2	j	j	X
fbem-22318	254	3	]	]	X
fbem-22318	254	4	.	.	PUNCT
fbem-22318	255	1	china	china	PROPN
fbem-22318	255	2	industrial	industrial	PROPN
fbem-22318	255	3	economics	economic	NOUN
fbem-22318	255	4	,	,	PUNCT
fbem-22318	255	5	2018(6):117	2018(6):117	NUM
fbem-22318	255	6	-	-	SYM
fbem-22318	255	7	135	135	NUM
fbem-22318	255	8	.	.	PUNCT
fbem-22318	256	1	[	[	X
fbem-22318	256	2	15	15	NUM
fbem-22318	256	3	]	]	X
fbem-22318	256	4	liu	liu	PROPN
fbem-22318	256	5	jinke	jinke	PROPN
fbem-22318	256	6	,	,	PUNCT
fbem-22318	256	7	xiao	xiao	PROPN
fbem-22318	256	8	yiyang	yiyang	PROPN
fbem-22318	256	9	.	.	PUNCT
fbem-22318	257	1	environmental	environmental	PROPN
fbem-22318	257	2	protection	protection	PROPN
fbem-22318	257	3	tax	tax	NOUN
fbem-22318	257	4	and	and	CCONJ
fbem-22318	257	5	green	green	ADJ
fbem-22318	257	6	innovation	innovation	NOUN
fbem-22318	257	7	in	in	ADP
fbem-22318	257	8	china	china	PROPN
fbem-22318	257	9	:	:	PUNCT
fbem-22318	257	10	leverage	leverage	NOUN
fbem-22318	257	11	effect	effect	NOUN
fbem-22318	257	12	or	or	CCONJ
fbem-22318	257	13	crowding	crowd	VERB
fbem-22318	257	14	out	out	ADP
fbem-22318	257	15	effect	effect	NOUN
fbem-22318	257	16	?	?	PUNCT
fbem-22318	258	1	[	[	X
fbem-22318	258	2	j	j	X
fbem-22318	258	3	]	]	X
fbem-22318	258	4	.	.	PUNCT
fbem-22318	259	1	economic	economic	ADJ
fbem-22318	259	2	research	research	NOUN
fbem-22318	259	3	,	,	PUNCT
fbem-22318	259	4	2022(1):72	2022(1):72	NUM
fbem-22318	259	5	-	-	SYM
fbem-22318	259	6	88	88	NUM
fbem-22318	259	7	.	.	PUNCT
fbem-22318	259	8	]	]	X
fbem-22318	260	1	[	[	X
fbem-22318	260	2	16	16	NUM
fbem-22318	260	3	]	]	X
fbem-22318	260	4	wang	wang	PROPN
fbem-22318	260	5	jianming	jianming	PROPN
fbem-22318	260	6	.	.	PUNCT
fbem-22318	261	1	research	research	NOUN
fbem-22318	261	2	on	on	ADP
fbem-22318	261	3	the	the	DET
fbem-22318	261	4	correlation	correlation	NOUN
fbem-22318	261	5	between	between	ADP
fbem-22318	261	6	environmental	environmental	ADJ
fbem-22318	261	7	information	information	NOUN
fbem-22318	261	8	disclosure	disclosure	NOUN
fbem-22318	261	9	,	,	PUNCT
fbem-22318	261	10	industry	industry	NOUN
fbem-22318	261	11	differences	difference	NOUN
fbem-22318	261	12	and	and	CCONJ
fbem-22318	261	13	external	external	ADJ
fbem-22318	261	14	institutional	institutional	ADJ
fbem-22318	261	15	pressure	pressure	NOUN
fbem-22318	261	16	:	:	PUNCT
fbem-22318	261	17	empirical	empirical	ADJ
fbem-22318	261	18	evidence	evidence	NOUN
fbem-22318	261	19	from	from	ADP
fbem-22318	261	20	the	the	DET
fbem-22318	261	21	environmental	environmental	ADJ
fbem-22318	261	22	information	information	NOUN
fbem-22318	261	23	disclosure	disclosure	NOUN
fbem-22318	261	24	of	of	ADP
fbem-22318	261	25	shanghai	shanghai	PROPN
fbem-22318	261	26	listed	list	VERB
fbem-22318	261	27	companies	company	NOUN
fbem-22318	262	1	[	[	X
fbem-22318	262	2	j	j	X
fbem-22318	262	3	]	]	X
fbem-22318	262	4	.	.	PUNCT
fbem-22318	263	1	accounting	accounting	NOUN
fbem-22318	263	2	research	research	NOUN
fbem-22318	263	3	,	,	PUNCT
fbem-22318	263	4	2008(6):5	2008(6):5	PROPN
fbem-22318	263	5	-	-	PUNCT
fbem-22318	263	6	62	62	NUM
fbem-22318	263	7	.	.	PUNCT
fbem-22318	264	1	[	[	X
fbem-22318	264	2	17	17	NUM
fbem-22318	264	3	]	]	X
fbem-22318	264	4	wen	wen	PROPN
fbem-22318	264	5	zhonglin	zhonglin	PROPN
fbem-22318	264	6	,	,	PUNCT
fbem-22318	264	7	ye	ye	PROPN
fbem-22318	264	8	baojuan	baojuan	PROPN
fbem-22318	264	9	.	.	PUNCT
fbem-22318	265	1	mediation	mediation	NOUN
fbem-22318	265	2	effect	effect	NOUN
fbem-22318	265	3	analysis	analysis	NOUN
fbem-22318	265	4	:	:	PUNCT
fbem-22318	265	5	development	development	NOUN
fbem-22318	265	6	of	of	ADP
fbem-22318	265	7	methods	method	NOUN
fbem-22318	265	8	and	and	CCONJ
fbem-22318	265	9	models	model	NOUN
fbem-22318	266	1	[	[	X
fbem-22318	266	2	j	j	X
fbem-22318	266	3	]	]	X
fbem-22318	266	4	.	.	PUNCT
fbem-22318	267	1	advances	advance	NOUN
fbem-22318	267	2	in	in	ADP
fbem-22318	267	3	psychological	psychological	ADJ
fbem-22318	267	4	science	science	NOUN
fbem-22318	267	5	,	,	PUNCT
fbem-22318	267	6	2014	2014	NUM
fbem-22318	267	7	,	,	PUNCT
fbem-22318	267	8	(	(	PUNCT
fbem-22318	267	9	5):731	5):731	NOUN
fbem-22318	267	10	-	-	PUNCT
fbem-22318	267	11	745	745	NUM
fbem-22318	267	12	.	.	PUNCT
fbem-22318	268	1	[	[	X
fbem-22318	268	2	18	18	NUM
fbem-22318	268	3	]	]	X
fbem-22318	268	4	li	li	PROPN
fbem-22318	268	5	qingyuan	qingyuan	PROPN
fbem-22318	268	6	,	,	PUNCT
fbem-22318	268	7	xiao	xiao	PROPN
fbem-22318	268	8	zehua	zehua	PROPN
fbem-22318	268	9	.	.	PUNCT
fbem-22318	268	10	heterogeneous	heterogeneous	ADJ
fbem-22318	268	11	environmental	environmental	ADJ
fbem-22318	268	12	regulation	regulation	NOUN
fbem-22318	268	13	tools	tool	NOUN
fbem-22318	268	14	and	and	CCONJ
fbem-22318	268	15	corporate	corporate	ADJ
fbem-22318	268	16	green	green	ADJ
fbem-22318	268	17	innovation	innovation	NOUN
fbem-22318	268	18	incentives	incentive	NOUN
fbem-22318	268	19	:	:	PUNCT
fbem-22318	268	20	evidence	evidence	NOUN
fbem-22318	268	21	from	from	ADP
fbem-22318	268	22	green	green	ADJ
fbem-22318	268	23	patents	patent	NOUN
fbem-22318	268	24	of	of	ADP
fbem-22318	268	25	listed	list	VERB
fbem-22318	268	26	companies	company	NOUN
fbem-22318	268	27	[	[	X
fbem-22318	268	28	j	j	X
fbem-22318	268	29	]	]	X
fbem-22318	268	30	.	.	PUNCT
fbem-22318	269	1	economic	economic	ADJ
fbem-22318	269	2	research	research	NOUN
fbem-22318	269	3	,	,	PUNCT
fbem-22318	269	4	2020	2020	NUM
fbem-22318	269	5	(	(	PUNCT
fbem-22318	269	6	9	9	NUM
fbem-22318	269	7	):	):	PUNCT
fbem-22318	269	8	192	192	NUM
fbem-22318	269	9	-	-	SYM
fbem-22318	269	10	208	208	NUM
fbem-22318	269	11	.	.	PUNCT
fbem-22318	270	1	[	[	X
fbem-22318	270	2	19	19	NUM
fbem-22318	270	3	]	]	X
fbem-22318	270	4	jia	jia	PROPN
fbem-22318	270	5	k.	k.	PROPN
fbem-22318	270	6	,	,	PUNCT
fbem-22318	270	7	chen	chen	PROPN
fbem-22318	270	8	s.	s.	PROPN
fbem-22318	270	9	w.	w.	PROPN
fbem-22318	270	10	,	,	PUNCT
fbem-22318	270	11	2019	2019	NUM
fbem-22318	270	12	,	,	PUNCT
fbem-22318	270	13	“	"	PUNCT
fbem-22318	270	14	could	could	AUX
fbem-22318	270	15	campaign	campaign	NOUN
fbem-22318	270	16	-	-	PUNCT
fbem-22318	270	17	style	style	NOUN
fbem-22318	270	18	enforcement	enforcement	NOUN
fbem-22318	270	19	improve	improve	VERB
fbem-22318	270	20	environmental	environmental	ADJ
fbem-22318	270	21	performance	performance	NOUN
fbem-22318	270	22	?	?	PUNCT
fbem-22318	271	1	evidence	evidence	NOUN
fbem-22318	271	2	from	from	ADP
fbem-22318	271	3	china	china	PROPN
fbem-22318	271	4	’s	’s	PART
fbem-22318	271	5	central	central	ADJ
fbem-22318	271	6	environmental	environmental	PROPN
fbem-22318	271	7	protection	protection	NOUN
fbem-22318	271	8	inspection	inspection	NOUN
fbem-22318	271	9	”	"	PUNCT
fbem-22318	271	10	,	,	PUNCT
fbem-22318	271	11	journal	journal	NOUN
fbem-22318	271	12	of	of	ADP
fbem-22318	271	13	environmental	environmental	ADJ
fbem-22318	271	14	management	management	NOUN
fbem-22318	271	15	,	,	PUNCT
fbem-22318	271	16	245	245	NUM
fbem-22318	271	17	,	,	PUNCT
fbem-22318	271	18	282	282	NUM
fbem-22318	271	19	-	-	SYM
fbem-22318	271	20	290	290	NUM
fbem-22318	271	21	.	.	PUNCT
fbem-22318	272	1	[	[	X
fbem-22318	272	2	20	20	NUM
fbem-22318	272	3	]	]	X
fbem-22318	272	4	van	van	PROPN
fbem-22318	272	5	rooij	rooij	PROPN
fbem-22318	272	6	b.	b.	PROPN
fbem-22318	272	7	,	,	PUNCT
fbem-22318	272	8	2016	2016	NUM
fbem-22318	272	9	,	,	PUNCT
fbem-22318	272	10	“	"	PUNCT
fbem-22318	272	11	implementation	implementation	NOUN
fbem-22318	272	12	of	of	ADP
fbem-22318	272	13	chinese	chinese	ADJ
fbem-22318	272	14	environmental	environmental	ADJ
fbem-22318	272	15	law	law	NOUN
fbem-22318	272	16	:	:	PUNCT
fbem-22318	272	17	regular	regular	ADJ
fbem-22318	272	18	enforcement	enforcement	NOUN
fbem-22318	272	19	and	and	CCONJ
fbem-22318	272	20	political	political	ADJ
fbem-22318	272	21	campaigns	campaign	NOUN
fbem-22318	272	22	”	"	PUNCT
fbem-22318	272	23	,	,	PUNCT
fbem-22318	272	24	development	development	NOUN
fbem-22318	272	25	and	and	CCONJ
fbem-22318	272	26	change	change	NOUN
fbem-22318	272	27	,	,	PUNCT
fbem-22318	272	28	37(1	37(1	NUM
fbem-22318	272	29	)	)	PUNCT
fbem-22318	272	30	,	,	PUNCT
fbem-22318	272	31	57	57	NUM
fbem-22318	272	32	-	-	SYM
fbem-22318	272	33	74	74	NUM
fbem-22318	272	34	.	.	PUNCT
fbem-22318	273	1	[	[	X
fbem-22318	273	2	21	21	NUM
fbem-22318	273	3	]	]	X
fbem-22318	273	4	he	he	PRON
fbem-22318	273	5	,	,	PUNCT
fbem-22318	273	6	g.	g.	PROPN
fbem-22318	273	7	,	,	PUNCT
fbem-22318	273	8	m.	m.	NOUN
fbem-22318	273	9	fan	fan	PROPN
fbem-22318	273	10	,	,	PUNCT
fbem-22318	273	11	and	and	CCONJ
fbem-22318	273	12	m.	m.	NOUN
fbem-22318	273	13	zhou	zhou	PROPN
fbem-22318	273	14	,	,	PUNCT
fbem-22318	273	15	2016	2016	NUM
fbem-22318	273	16	,	,	PUNCT
fbem-22318	273	17	“	"	PUNCT
fbem-22318	273	18	the	the	DET
fbem-22318	273	19	effect	effect	NOUN
fbem-22318	273	20	of	of	ADP
fbem-22318	273	21	air	air	NOUN
fbem-22318	273	22	pollution	pollution	NOUN
fbem-22318	273	23	on	on	ADP
fbem-22318	273	24	mortality	mortality	NOUN
fbem-22318	273	25	in	in	ADP
fbem-22318	273	26	china	china	PROPN
fbem-22318	273	27	:	:	PUNCT
fbem-22318	273	28	evidence	evidence	NOUN
fbem-22318	273	29	from	from	ADP
fbem-22318	273	30	the	the	DET
fbem-22318	273	31	2008	2008	NUM
fbem-22318	273	32	beijing	beijing	PROPN
fbem-22318	273	33	olympic	olympic	PROPN
fbem-22318	273	34	games	games	PROPN
fbem-22318	273	35	”	"	PUNCT
fbem-22318	273	36	,	,	PUNCT
fbem-22318	273	37	journal	journal	NOUN
fbem-22318	273	38	of	of	ADP
fbem-22318	273	39	environmental	environmental	ADJ
fbem-22318	273	40	economics	economic	NOUN
fbem-22318	273	41	and	and	CCONJ
fbem-22318	273	42	management	management	NOUN
fbem-22318	273	43	,	,	PUNCT
fbem-22318	273	44	79	79	NUM
fbem-22318	273	45	,	,	PUNCT
fbem-22318	273	46	18	18	NUM
fbem-22318	273	47	-	-	SYM
fbem-22318	273	48	39	39	NUM
fbem-22318	273	49	.	.	PUNCT
fbem-22318	274	1	[	[	X
fbem-22318	274	2	22	22	NUM
fbem-22318	274	3	]	]	X
fbem-22318	274	4	porter	porter	NOUN
fbem-22318	274	5	,	,	PUNCT
fbem-22318	274	6	m.	m.	PROPN
fbem-22318	274	7	e.	e.	PROPN
fbem-22318	274	8	,	,	PUNCT
fbem-22318	274	9	1991	1991	NUM
fbem-22318	274	10	,	,	PUNCT
fbem-22318	274	11	“	"	PUNCT
fbem-22318	274	12	america	america	PROPN
fbem-22318	274	13	's	's	PART
fbem-22318	274	14	green	green	ADJ
fbem-22318	274	15	strategy	strategy	NOUN
fbem-22318	274	16	”	"	PUNCT
fbem-22318	274	17	,	,	PUNCT
fbem-22318	274	18	scientific	scientific	ADJ
fbem-22318	274	19	american	american	NOUN
fbem-22318	274	20	,	,	PUNCT
fbem-22318	274	21	264(4	264(4	NUM
fbem-22318	274	22	)	)	PUNCT
fbem-22318	274	23	,	,	PUNCT
fbem-22318	274	24	168	168	NUM
fbem-22318	274	25	.	.	PUNCT
fbem-22318	275	1	[	[	X
fbem-22318	275	2	23	23	NUM
fbem-22318	275	3	]	]	X
fbem-22318	275	4	porter	porter	NOUN
fbem-22318	275	5	,	,	PUNCT
fbem-22318	275	6	m.	m.	NOUN
fbem-22318	275	7	e.	e.	PROPN
fbem-22318	275	8	,	,	PUNCT
fbem-22318	275	9	and	and	CCONJ
fbem-22318	275	10	c.	c.	PROPN
fbem-22318	275	11	van	van	PROPN
fbem-22318	275	12	der	der	PROPN
fbem-22318	275	13	linde	linde	PROPN
fbem-22318	275	14	,	,	PUNCT
fbem-22318	275	15	1995	1995	NUM
fbem-22318	275	16	,	,	PUNCT
fbem-22318	275	17	“	"	PUNCT
fbem-22318	275	18	toward	toward	ADP
fbem-22318	275	19	a	a	DET
fbem-22318	275	20	new	new	ADJ
fbem-22318	275	21	conception	conception	NOUN
fbem-22318	275	22	of	of	ADP
fbem-22318	275	23	the	the	DET
fbem-22318	275	24	environment	environment	NOUN
fbem-22318	275	25	-	-	PUNCT
fbem-22318	275	26	competitiveness	competitiveness	NOUN
fbem-22318	275	27	relationship	relationship	NOUN
fbem-22318	275	28	”	"	PUNCT
fbem-22318	275	29	,	,	PUNCT
fbem-22318	275	30	journal	journal	NOUN
fbem-22318	275	31	of	of	ADP
fbem-22318	275	32	economic	economic	ADJ
fbem-22318	275	33	perspectives	perspective	NOUN
fbem-22318	275	34	,	,	PUNCT
fbem-22318	275	35	9(4	9(4	NUM
fbem-22318	275	36	)	)	PUNCT
fbem-22318	275	37	,	,	PUNCT
fbem-22318	275	38	97	97	NUM
fbem-22318	275	39	—	—	SYM
fbem-22318	275	40	118	118	NUM
fbem-22318	275	41	.	.	PUNCT
fbem-22318	276	1	[	[	X
fbem-22318	276	2	24	24	NUM
fbem-22318	276	3	]	]	X
fbem-22318	276	4	karen	karen	PROPN
fbem-22318	276	5	palmer	palmer	PROPN
fbem-22318	276	6	,	,	PUNCT
fbem-22318	276	7	wallace	wallace	PROPN
fbem-22318	276	8	e.	e.	PROPN
fbem-22318	276	9	oates	oates	PROPN
fbem-22318	276	10	,	,	PUNCT
fbem-22318	276	11	and	and	CCONJ
fbem-22318	276	12	paul	paul	PROPN
fbem-22318	276	13	r.	r.	PROPN
fbem-22318	276	14	portney	portney	NOUN
fbem-22318	276	15	,	,	PUNCT
fbem-22318	276	16	1995	1995	NUM
fbem-22318	276	17	,	,	PUNCT
fbem-22318	276	18	“	"	PUNCT
fbem-22318	276	19	tightening	tighten	VERB
fbem-22318	276	20	environmental	environmental	ADJ
fbem-22318	276	21	standards	standard	NOUN
fbem-22318	276	22	:	:	PUNCT
fbem-22318	276	23	the	the	DET
fbem-22318	276	24	benefit	benefit	NOUN
fbem-22318	276	25	-	-	PUNCT
fbem-22318	276	26	cost	cost	NOUN
fbem-22318	276	27	or	or	CCONJ
fbem-22318	276	28	the	the	DET
fbem-22318	276	29	no	no	DET
fbem-22318	276	30	-	-	PUNCT
fbem-22318	276	31	cost	cost	NOUN
fbem-22318	276	32	paradigm	paradigm	NOUN
fbem-22318	276	33	?	?	PUNCT
fbem-22318	276	34	”	"	PUNCT
fbem-22318	276	35	,	,	PUNCT
fbem-22318	276	36	journal	journal	NOUN
fbem-22318	276	37	of	of	ADP
fbem-22318	276	38	economic	economic	ADJ
fbem-22318	276	39	perspectives	perspective	NOUN
fbem-22318	276	40	,	,	PUNCT
fbem-22318	276	41	9(4	9(4	NUM
fbem-22318	276	42	)	)	PUNCT
fbem-22318	276	43	,	,	PUNCT
fbem-22318	276	44	119	119	NUM
fbem-22318	276	45	-	-	SYM
fbem-22318	276	46	132	132	NUM
fbem-22318	276	47	.	.	PUNCT
fbem-22318	277	1	[	[	X
fbem-22318	277	2	25	25	NUM
fbem-22318	277	3	]	]	X
fbem-22318	277	4	ghosal	ghosal	NOUN
fbem-22318	277	5	,	,	PUNCT
fbem-22318	277	6	v.	v.	PROPN
fbem-22318	277	7	,	,	PUNCT
fbem-22318	277	8	stephan	stephan	PROPN
fbem-22318	277	9	,	,	PUNCT
fbem-22318	277	10	a.	a.	PROPN
fbem-22318	277	11	,	,	PUNCT
fbem-22318	277	12	weiss	weiss	PROPN
fbem-22318	277	13	,	,	PUNCT
fbem-22318	277	14	j.f	j.f	PROPN
fbem-22318	277	15	.	.	PROPN
fbem-22318	277	16	,	,	PUNCT
fbem-22318	277	17	2019	2019	NUM
fbem-22318	277	18	,	,	PUNCT
fbem-22318	277	19	“	"	PUNCT
fbem-22318	277	20	decentralized	decentralize	VERB
fbem-22318	277	21	environmental	environmental	ADJ
fbem-22318	277	22	regulations	regulation	NOUN
fbem-22318	277	23	and	and	CCONJ
fbem-22318	277	24	plant	plant	NOUN
fbem-22318	277	25	-	-	PUNCT
fbem-22318	277	26	level	level	NOUN
fbem-22318	277	27	productivity	productivity	NOUN
fbem-22318	277	28	”	"	PUNCT
fbem-22318	277	29	,	,	PUNCT
fbem-22318	277	30	business	business	NOUN
fbem-22318	277	31	strategy	strategy	NOUN
fbem-22318	277	32	and	and	CCONJ
fbem-22318	277	33	the	the	DET
fbem-22318	277	34	environment	environment	NOUN
fbem-22318	277	35	,	,	PUNCT
fbem-22318	277	36	28(6	28(6	NOUN
fbem-22318	277	37	)	)	PUNCT
fbem-22318	277	38	,	,	PUNCT
fbem-22318	277	39	998–1011	998–1011	NUM
fbem-22318	277	40	.	.	PUNCT
fbem-22318	278	1	[	[	X
fbem-22318	278	2	26	26	NUM
fbem-22318	278	3	]	]	X
fbem-22318	278	4	serfling	serfling	NOUN
fbem-22318	278	5	,	,	PUNCT
fbem-22318	278	6	m.	m.	NOUN
fbem-22318	278	7	,	,	PUNCT
fbem-22318	278	8	2016	2016	NUM
fbem-22318	278	9	,	,	PUNCT
fbem-22318	278	10	“	"	PUNCT
fbem-22318	278	11	firing	fire	VERB
fbem-22318	278	12	costs	cost	NOUN
fbem-22318	278	13	and	and	CCONJ
fbem-22318	278	14	capital	capital	NOUN
fbem-22318	278	15	structure	structure	NOUN
fbem-22318	278	16	decisions	decision	NOUN
fbem-22318	278	17	”	"	PUNCT
fbem-22318	278	18	,	,	PUNCT
fbem-22318	278	19	journal	journal	NOUN
fbem-22318	278	20	of	of	ADP
fbem-22318	278	21	finance	finance	NOUN
fbem-22318	278	22	,	,	PUNCT
fbem-22318	278	23	71(5	71(5	NUM
fbem-22318	278	24	)	)	PUNCT
fbem-22318	278	25	,	,	PUNCT
fbem-22318	278	26	2239	2239	NUM
fbem-22318	278	27	-	-	SYM
fbem-22318	278	28	2285	2285	NUM
fbem-22318	278	29	.	.	PUNCT
fbem-22318	279	1	[	[	X
fbem-22318	279	2	27	27	NUM
fbem-22318	279	3	]	]	X
fbem-22318	279	4	zhang	zhang	PROPN
fbem-22318	279	5	,	,	PUNCT
fbem-22318	279	6	d.	d.	PROPN
fbem-22318	279	7	,	,	PUNCT
fbem-22318	279	8	vigne	vigne	PROPN
fbem-22318	279	9	,	,	PUNCT
fbem-22318	279	10	and	and	CCONJ
fbem-22318	279	11	s.	s.	PROPN
fbem-22318	279	12	a.	a.	PROPN
fbem-22318	279	13	,	,	PUNCT
fbem-22318	279	14	2021	2021	NUM
fbem-22318	279	15	,	,	PUNCT
fbem-22318	279	16	“	"	PUNCT
fbem-22318	279	17	the	the	DET
fbem-22318	279	18	causal	causal	ADJ
fbem-22318	279	19	effect	effect	NOUN
fbem-22318	279	20	on	on	ADP
fbem-22318	279	21	firm	firm	ADJ
fbem-22318	279	22	performance	performance	NOUN
fbem-22318	279	23	of	of	ADP
fbem-22318	279	24	china	china	PROPN
fbem-22318	279	25	’s	’s	PART
fbem-22318	279	26	financing	financing	NOUN
fbem-22318	279	27	–	–	PUNCT
fbem-22318	279	28	pollution	pollution	NOUN
fbem-22318	279	29	emission	emission	NOUN
fbem-22318	279	30	reduction	reduction	NOUN
fbem-22318	279	31	policy	policy	NOUN
fbem-22318	279	32	:	:	PUNCT
fbem-22318	279	33	firm	firm	ADJ
fbem-22318	279	34	-	-	PUNCT
fbem-22318	279	35	level	level	NOUN
fbem-22318	279	36	evidence	evidence	NOUN
fbem-22318	279	37	”	"	PUNCT
fbem-22318	279	38	,	,	PUNCT
fbem-22318	279	39	journal	journal	NOUN
fbem-22318	279	40	of	of	ADP
fbem-22318	279	41	environmental	environmental	ADJ
fbem-22318	279	42	management	management	NOUN
fbem-22318	279	43	,	,	PUNCT
fbem-22318	279	44	279	279	NUM
fbem-22318	279	45	,	,	PUNCT
fbem-22318	279	46	111609	111609	NUM
fbem-22318	279	47	.	.	PUNCT