id	sid	tid	token	lemma	pos
fbem-2750	1	1	frontiers	frontier	NOUN
fbem-2750	1	2	in	in	ADP
fbem-2750	1	3	business	business	NOUN
fbem-2750	1	4	,	,	PUNCT
fbem-2750	1	5	economics	economic	NOUN
fbem-2750	1	6	and	and	CCONJ
fbem-2750	1	7	management	management	NOUN
fbem-2750	1	8	issn	issn	PROPN
fbem-2750	1	9	:	:	PUNCT
fbem-2750	1	10	2766	2766	NUM
fbem-2750	1	11	-	-	PUNCT
fbem-2750	1	12	824x	824x	NUM
fbem-2750	1	13	|	|	ADJ
fbem-2750	1	14	vol	vol	NOUN
fbem-2750	1	15	.	.	PROPN
fbem-2750	2	1	6	6	NUM
fbem-2750	2	2	,	,	PUNCT
fbem-2750	2	3	no	no	INTJ
fbem-2750	2	4	.	.	NOUN
fbem-2750	2	5	2	2	NUM
fbem-2750	2	6	,	,	PUNCT
fbem-2750	2	7	2022	2022	NUM
fbem-2750	2	8	41	41	NUM
fbem-2750	2	9	the	the	DET
fbem-2750	2	10	impact	impact	NOUN
fbem-2750	2	11	of	of	ADP
fbem-2750	2	12	digital	digital	ADJ
fbem-2750	2	13	transformation	transformation	NOUN
fbem-2750	2	14	on	on	ADP
fbem-2750	2	15	corporate	corporate	ADJ
fbem-2750	2	16	short	short	ADJ
fbem-2750	2	17	term	term	NOUN
fbem-2750	2	18	lending	lending	NOUN
fbem-2750	2	19	and	and	CCONJ
fbem-2750	2	20	long	long	ADJ
fbem-2750	2	21	term	term	NOUN
fbem-2750	2	22	investment	investment	NOUN
fbem-2750	2	23	‐a	‐a	NOUN
fbem-2750	2	24	sample	sample	NOUN
fbem-2750	2	25	analysis	analysis	NOUN
fbem-2750	2	26	based	base	VERB
fbem-2750	2	27	on	on	ADP
fbem-2750	2	28	chinese	chinese	PROPN
fbem-2750	2	29	a‐share	a‐share	PUNCT
fbem-2750	2	30	listed	list	VERB
fbem-2750	2	31	companies	company	NOUN
fbem-2750	2	32	duo	duo	PROPN
fbem-2750	2	33	xu	xu	PROPN
fbem-2750	2	34	,	,	PUNCT
fbem-2750	2	35	tiantian	tiantian	PROPN
fbem-2750	2	36	xu	xu	PROPN
fbem-2750	2	37	,	,	PUNCT
fbem-2750	2	38	xueqian	xueqian	PROPN
fbem-2750	2	39	zhang	zhang	PROPN
fbem-2750	2	40	,	,	PUNCT
fbem-2750	2	41	yuanyuan	yuanyuan	X
fbem-2750	2	42	cai	cai	PROPN
fbem-2750	2	43	and	and	CCONJ
fbem-2750	2	44	jun	jun	PROPN
fbem-2750	2	45	xie	xie	PROPN
fbem-2750	2	46	school	school	PROPN
fbem-2750	2	47	of	of	ADP
fbem-2750	2	48	anhui	anhui	PROPN
fbem-2750	2	49	university	university	PROPN
fbem-2750	2	50	of	of	ADP
fbem-2750	2	51	finance	finance	NOUN
fbem-2750	2	52	and	and	CCONJ
fbem-2750	2	53	economics	economic	NOUN
fbem-2750	2	54	,	,	PUNCT
fbem-2750	2	55	bengbu	bengbu	NOUN
fbem-2750	2	56	,	,	PUNCT
fbem-2750	2	57	233000	233000	NUM
fbem-2750	2	58	,	,	PUNCT
fbem-2750	2	59	china	china	PROPN
fbem-2750	2	60	abstract	abstract	NOUN
fbem-2750	2	61	:	:	PUNCT
fbem-2750	2	62	the	the	DET
fbem-2750	2	63	lack	lack	NOUN
fbem-2750	2	64	of	of	ADP
fbem-2750	2	65	effective	effective	ADJ
fbem-2750	2	66	management	management	NOUN
fbem-2750	2	67	of	of	ADP
fbem-2750	2	68	the	the	DET
fbem-2750	2	69	planning	planning	NOUN
fbem-2750	2	70	and	and	CCONJ
fbem-2750	2	71	scheduling	scheduling	NOUN
fbem-2750	2	72	of	of	ADP
fbem-2750	2	73	funds	fund	NOUN
fbem-2750	2	74	by	by	ADP
fbem-2750	2	75	enterprises	enterprise	NOUN
fbem-2750	2	76	can	can	AUX
fbem-2750	2	77	lead	lead	VERB
fbem-2750	2	78	to	to	ADP
fbem-2750	2	79	the	the	DET
fbem-2750	2	80	emergence	emergence	NOUN
fbem-2750	2	81	of	of	ADP
fbem-2750	2	82	short	short	ADJ
fbem-2750	2	83	term	term	NOUN
fbem-2750	2	84	loans	loan	NOUN
fbem-2750	2	85	and	and	CCONJ
fbem-2750	2	86	long	long	ADJ
fbem-2750	2	87	term	term	NOUN
fbem-2750	2	88	investments	investment	NOUN
fbem-2750	2	89	.	.	PUNCT
fbem-2750	3	1	although	although	SCONJ
fbem-2750	3	2	short	short	ADJ
fbem-2750	3	3	term	term	NOUN
fbem-2750	3	4	loans	loan	NOUN
fbem-2750	3	5	and	and	CCONJ
fbem-2750	3	6	long	long	ADJ
fbem-2750	3	7	term	term	NOUN
fbem-2750	3	8	investments	investment	NOUN
fbem-2750	3	9	allow	allow	VERB
fbem-2750	3	10	enterprises	enterprise	NOUN
fbem-2750	3	11	to	to	PART
fbem-2750	3	12	arrange	arrange	VERB
fbem-2750	3	13	funds	fund	NOUN
fbem-2750	3	14	more	more	ADV
fbem-2750	3	15	flexibly	flexibly	ADV
fbem-2750	3	16	and	and	CCONJ
fbem-2750	3	17	easily	easily	ADV
fbem-2750	3	18	,	,	PUNCT
fbem-2750	3	19	they	they	PRON
fbem-2750	3	20	can	can	AUX
fbem-2750	3	21	seriously	seriously	ADV
fbem-2750	3	22	endanger	endanger	VERB
fbem-2750	3	23	the	the	DET
fbem-2750	3	24	healthy	healthy	ADJ
fbem-2750	3	25	and	and	CCONJ
fbem-2750	3	26	stable	stable	ADJ
fbem-2750	3	27	development	development	NOUN
fbem-2750	3	28	of	of	ADP
fbem-2750	3	29	enterprises	enterprise	NOUN
fbem-2750	3	30	.	.	PUNCT
fbem-2750	4	1	therefore	therefore	ADV
fbem-2750	4	2	,	,	PUNCT
fbem-2750	4	3	it	it	PRON
fbem-2750	4	4	is	be	AUX
fbem-2750	4	5	important	important	ADJ
fbem-2750	4	6	to	to	PART
fbem-2750	4	7	improve	improve	VERB
fbem-2750	4	8	the	the	DET
fbem-2750	4	9	current	current	ADJ
fbem-2750	4	10	situation	situation	NOUN
fbem-2750	4	11	of	of	ADP
fbem-2750	4	12	the	the	DET
fbem-2750	4	13	proliferation	proliferation	NOUN
fbem-2750	4	14	of	of	ADP
fbem-2750	4	15	short	short	ADJ
fbem-2750	4	16	term	term	NOUN
fbem-2750	4	17	loans	loan	NOUN
fbem-2750	4	18	and	and	CCONJ
fbem-2750	4	19	long	long	ADJ
fbem-2750	4	20	term	term	NOUN
fbem-2750	4	21	investments	investment	NOUN
fbem-2750	4	22	.	.	PUNCT
fbem-2750	5	1	in	in	ADP
fbem-2750	5	2	this	this	DET
fbem-2750	5	3	paper	paper	NOUN
fbem-2750	5	4	,	,	PUNCT
fbem-2750	5	5	we	we	PRON
fbem-2750	5	6	study	study	VERB
fbem-2750	5	7	the	the	DET
fbem-2750	5	8	economic	economic	ADJ
fbem-2750	5	9	effects	effect	NOUN
fbem-2750	5	10	of	of	ADP
fbem-2750	5	11	digital	digital	ADJ
fbem-2750	5	12	transformation	transformation	NOUN
fbem-2750	5	13	on	on	ADP
fbem-2750	5	14	enterprises	enterprise	NOUN
fbem-2750	5	15	'	'	PART
fbem-2750	5	16	short	short	ADJ
fbem-2750	5	17	term	term	NOUN
fbem-2750	5	18	loans	loan	NOUN
fbem-2750	5	19	and	and	CCONJ
fbem-2750	5	20	long	long	ADJ
fbem-2750	5	21	term	term	NOUN
fbem-2750	5	22	investments	investment	NOUN
fbem-2750	5	23	.	.	PUNCT
fbem-2750	6	1	firstly	firstly	ADV
fbem-2750	6	2	,	,	PUNCT
fbem-2750	6	3	the	the	DET
fbem-2750	6	4	collected	collected	ADJ
fbem-2750	6	5	sample	sample	NOUN
fbem-2750	6	6	data	datum	NOUN
fbem-2750	6	7	11	11	NUM
fbem-2750	6	8	-	-	PUNCT
fbem-2750	6	9	year	year	NOUN
fbem-2750	6	10	financial	financial	ADJ
fbem-2750	6	11	data	datum	NOUN
fbem-2750	6	12	of	of	ADP
fbem-2750	6	13	shanghai	shanghai	PROPN
fbem-2750	6	14	and	and	CCONJ
fbem-2750	6	15	shenzhen	shenzhen	PROPN
fbem-2750	6	16	a	a	PROPN
fbem-2750	6	17	-	-	PUNCT
fbem-2750	6	18	share	share	NOUN
fbem-2750	6	19	companies	company	NOUN
fbem-2750	6	20	from	from	ADP
fbem-2750	6	21	2011	2011	NUM
fbem-2750	6	22	-	-	SYM
fbem-2750	6	23	2021	2021	NUM
fbem-2750	6	24	are	be	AUX
fbem-2750	6	25	processed	process	VERB
fbem-2750	6	26	to	to	PART
fbem-2750	6	27	make	make	VERB
fbem-2750	6	28	the	the	DET
fbem-2750	6	29	data	datum	NOUN
fbem-2750	6	30	more	more	ADV
fbem-2750	6	31	realistic	realistic	ADJ
fbem-2750	6	32	and	and	CCONJ
fbem-2750	6	33	representative	representative	ADJ
fbem-2750	6	34	,	,	PUNCT
fbem-2750	6	35	and	and	CCONJ
fbem-2750	6	36	then	then	ADV
fbem-2750	6	37	the	the	DET
fbem-2750	6	38	data	datum	NOUN
fbem-2750	6	39	are	be	AUX
fbem-2750	6	40	empirically	empirically	ADV
fbem-2750	6	41	tested	test	VERB
fbem-2750	6	42	and	and	CCONJ
fbem-2750	6	43	regression	regression	NOUN
fbem-2750	6	44	analyzed	analyze	VERB
fbem-2750	6	45	using	use	VERB
fbem-2750	6	46	stata	stata	NOUN
fbem-2750	6	47	and	and	CCONJ
fbem-2750	6	48	spss	spss	PROPN
fbem-2750	6	49	software	software	NOUN
fbem-2750	6	50	to	to	PART
fbem-2750	6	51	study	study	VERB
fbem-2750	6	52	the	the	DET
fbem-2750	6	53	effect	effect	NOUN
fbem-2750	6	54	of	of	ADP
fbem-2750	6	55	digital	digital	ADJ
fbem-2750	6	56	transformation	transformation	NOUN
fbem-2750	6	57	on	on	ADP
fbem-2750	6	58	short	short	ADJ
fbem-2750	6	59	loans	loan	NOUN
fbem-2750	6	60	and	and	CCONJ
fbem-2750	6	61	long	long	ADJ
fbem-2750	6	62	investments	investment	NOUN
fbem-2750	6	63	of	of	ADP
fbem-2750	6	64	enterprises	enterprise	NOUN
fbem-2750	6	65	.	.	PUNCT
fbem-2750	7	1	the	the	DET
fbem-2750	7	2	results	result	NOUN
fbem-2750	7	3	of	of	ADP
fbem-2750	7	4	the	the	DET
fbem-2750	7	5	study	study	NOUN
fbem-2750	7	6	show	show	VERB
fbem-2750	7	7	that	that	SCONJ
fbem-2750	7	8	:	:	PUNCT
fbem-2750	7	9	digital	digital	ADJ
fbem-2750	7	10	transformation	transformation	NOUN
fbem-2750	7	11	of	of	ADP
fbem-2750	7	12	enterprises	enterprise	NOUN
fbem-2750	7	13	can	can	AUX
fbem-2750	7	14	effectively	effectively	ADV
fbem-2750	7	15	inhibit	inhibit	VERB
fbem-2750	7	16	enterprises	enterprise	NOUN
fbem-2750	7	17	'	'	PART
fbem-2750	7	18	short	short	ADJ
fbem-2750	7	19	loans	loan	NOUN
fbem-2750	7	20	and	and	CCONJ
fbem-2750	7	21	long	long	ADJ
fbem-2750	7	22	investments	investment	NOUN
fbem-2750	7	23	;	;	PUNCT
fbem-2750	7	24	the	the	PRON
fbem-2750	7	25	larger	large	ADJ
fbem-2750	7	26	the	the	DET
fbem-2750	7	27	scale	scale	NOUN
fbem-2750	7	28	of	of	ADP
fbem-2750	7	29	enterprises	enterprise	NOUN
fbem-2750	7	30	and	and	CCONJ
fbem-2750	7	31	the	the	DET
fbem-2750	7	32	larger	large	ADJ
fbem-2750	7	33	the	the	DET
fbem-2750	7	34	asset	asset	NOUN
fbem-2750	7	35	-	-	PUNCT
fbem-2750	7	36	liability	liability	NOUN
fbem-2750	7	37	ratio	ratio	NOUN
fbem-2750	7	38	,	,	PUNCT
fbem-2750	7	39	the	the	PRON
fbem-2750	7	40	greater	great	ADJ
fbem-2750	7	41	the	the	DET
fbem-2750	7	42	possibility	possibility	NOUN
fbem-2750	7	43	of	of	ADP
fbem-2750	7	44	enterprises	enterprise	NOUN
fbem-2750	7	45	'	'	PART
fbem-2750	7	46	short	short	ADJ
fbem-2750	7	47	loans	loan	NOUN
fbem-2750	7	48	and	and	CCONJ
fbem-2750	7	49	long	long	ADJ
fbem-2750	7	50	investments	investment	NOUN
fbem-2750	7	51	.	.	PUNCT
fbem-2750	8	1	finally	finally	ADV
fbem-2750	8	2	,	,	PUNCT
fbem-2750	8	3	based	base	VERB
fbem-2750	8	4	on	on	ADP
fbem-2750	8	5	the	the	DET
fbem-2750	8	6	research	research	NOUN
fbem-2750	8	7	findings	finding	NOUN
fbem-2750	8	8	,	,	PUNCT
fbem-2750	8	9	recommendations	recommendation	NOUN
fbem-2750	8	10	are	be	AUX
fbem-2750	8	11	drawn	draw	VERB
fbem-2750	8	12	:	:	PUNCT
fbem-2750	8	13	enterprises	enterprise	NOUN
fbem-2750	8	14	should	should	AUX
fbem-2750	8	15	allocate	allocate	VERB
fbem-2750	8	16	funds	fund	NOUN
fbem-2750	8	17	rationally	rationally	ADV
fbem-2750	8	18	;	;	PUNCT
fbem-2750	8	19	enterprises	enterprise	NOUN
fbem-2750	8	20	should	should	AUX
fbem-2750	8	21	expand	expand	VERB
fbem-2750	8	22	the	the	DET
fbem-2750	8	23	scale	scale	NOUN
fbem-2750	8	24	advantage	advantage	NOUN
fbem-2750	8	25	of	of	ADP
fbem-2750	8	26	internal	internal	ADJ
fbem-2750	8	27	talents	talent	NOUN
fbem-2750	8	28	;	;	PUNCT
fbem-2750	8	29	the	the	DET
fbem-2750	8	30	government	government	NOUN
fbem-2750	8	31	should	should	AUX
fbem-2750	8	32	provide	provide	VERB
fbem-2750	8	33	policy	policy	NOUN
fbem-2750	8	34	support	support	NOUN
fbem-2750	8	35	for	for	ADP
fbem-2750	8	36	enterprises	enterprise	NOUN
fbem-2750	8	37	'	'	PART
fbem-2750	8	38	digital	digital	ADJ
fbem-2750	8	39	transformation	transformation	NOUN
fbem-2750	8	40	;	;	PUNCT
fbem-2750	8	41	and	and	CCONJ
fbem-2750	8	42	the	the	DET
fbem-2750	8	43	internal	internal	ADJ
fbem-2750	8	44	and	and	CCONJ
fbem-2750	8	45	external	external	ADJ
fbem-2750	8	46	market	market	NOUN
fbem-2750	8	47	environment	environment	NOUN
fbem-2750	8	48	should	should	AUX
fbem-2750	8	49	be	be	AUX
fbem-2750	8	50	optimized	optimize	VERB
fbem-2750	8	51	.	.	PUNCT
fbem-2750	9	1	keywords	keyword	NOUN
fbem-2750	9	2	:	:	PUNCT
fbem-2750	9	3	short	short	ADJ
fbem-2750	9	4	term	term	NOUN
fbem-2750	9	5	lending	lending	NOUN
fbem-2750	9	6	and	and	CCONJ
fbem-2750	9	7	long	long	ADJ
fbem-2750	9	8	term	term	NOUN
fbem-2750	9	9	investment	investment	NOUN
fbem-2750	9	10	,	,	PUNCT
fbem-2750	9	11	digital	digital	ADJ
fbem-2750	9	12	transformation	transformation	NOUN
fbem-2750	9	13	,	,	PUNCT
fbem-2750	9	14	regression	regression	VERB
fbem-2750	9	15	analysis	analysis	NOUN
fbem-2750	9	16	.	.	PUNCT
fbem-2750	10	1	1	1	X
fbem-2750	10	2	.	.	X
fbem-2750	10	3	introduction	introduction	NOUN
fbem-2750	10	4	at	at	ADP
fbem-2750	10	5	present	present	ADJ
fbem-2750	10	6	,	,	PUNCT
fbem-2750	10	7	many	many	ADJ
fbem-2750	10	8	enterprises	enterprise	NOUN
fbem-2750	10	9	will	will	AUX
fbem-2750	10	10	continue	continue	VERB
fbem-2750	10	11	to	to	PART
fbem-2750	10	12	carry	carry	VERB
fbem-2750	10	13	out	out	ADP
fbem-2750	10	14	large	large	ADJ
fbem-2750	10	15	-	-	PUNCT
fbem-2750	10	16	scale	scale	NOUN
fbem-2750	10	17	and	and	CCONJ
fbem-2750	10	18	fast	fast	ADJ
fbem-2750	10	19	industrial	industrial	ADJ
fbem-2750	10	20	expansion	expansion	NOUN
fbem-2750	10	21	in	in	ADP
fbem-2750	10	22	order	order	NOUN
fbem-2750	10	23	to	to	PART
fbem-2750	10	24	obtain	obtain	VERB
fbem-2750	10	25	more	more	ADJ
fbem-2750	10	26	economic	economic	ADJ
fbem-2750	10	27	benefits	benefit	NOUN
fbem-2750	10	28	,	,	PUNCT
fbem-2750	10	29	which	which	PRON
fbem-2750	10	30	will	will	AUX
fbem-2750	10	31	certainly	certainly	ADV
fbem-2750	10	32	increase	increase	VERB
fbem-2750	10	33	the	the	DET
fbem-2750	10	34	capital	capital	NOUN
fbem-2750	10	35	needs	need	NOUN
fbem-2750	10	36	of	of	ADP
fbem-2750	10	37	enterprises	enterprise	NOUN
fbem-2750	10	38	.	.	PUNCT
fbem-2750	11	1	at	at	ADP
fbem-2750	11	2	the	the	DET
fbem-2750	11	3	same	same	ADJ
fbem-2750	11	4	time	time	NOUN
fbem-2750	11	5	,	,	PUNCT
fbem-2750	11	6	most	most	ADJ
fbem-2750	11	7	chinese	chinese	ADJ
fbem-2750	11	8	enterprises	enterprise	NOUN
fbem-2750	11	9	mainly	mainly	ADV
fbem-2750	11	10	rely	rely	VERB
fbem-2750	11	11	on	on	ADP
fbem-2750	11	12	banks	bank	NOUN
fbem-2750	11	13	and	and	CCONJ
fbem-2750	11	14	other	other	ADJ
fbem-2750	11	15	financial	financial	ADJ
fbem-2750	11	16	institutions	institution	NOUN
fbem-2750	11	17	for	for	ADP
fbem-2750	11	18	financing	financing	NOUN
fbem-2750	11	19	,	,	PUNCT
fbem-2750	11	20	and	and	CCONJ
fbem-2750	11	21	the	the	DET
fbem-2750	11	22	loans	loan	NOUN
fbem-2750	11	23	from	from	ADP
fbem-2750	11	24	financial	financial	ADJ
fbem-2750	11	25	institutions	institution	NOUN
fbem-2750	11	26	can	can	AUX
fbem-2750	11	27	be	be	AUX
fbem-2750	11	28	divided	divide	VERB
fbem-2750	11	29	into	into	ADP
fbem-2750	11	30	long	long	ADJ
fbem-2750	11	31	-	-	PUNCT
fbem-2750	11	32	term	term	NOUN
fbem-2750	11	33	loans	loan	NOUN
fbem-2750	11	34	and	and	CCONJ
fbem-2750	11	35	shortterm	shortterm	VERB
fbem-2750	11	36	loans	loan	NOUN
fbem-2750	11	37	according	accord	VERB
fbem-2750	11	38	to	to	ADP
fbem-2750	11	39	the	the	DET
fbem-2750	11	40	length	length	NOUN
fbem-2750	11	41	of	of	ADP
fbem-2750	11	42	time	time	NOUN
fbem-2750	11	43	,	,	PUNCT
fbem-2750	11	44	among	among	ADP
fbem-2750	11	45	which	which	PRON
fbem-2750	11	46	the	the	DET
fbem-2750	11	47	long	long	ADJ
fbem-2750	11	48	-	-	PUNCT
fbem-2750	11	49	term	term	NOUN
fbem-2750	11	50	project	project	NOUN
fbem-2750	11	51	loan	loan	NOUN
fbem-2750	11	52	approval	approval	NOUN
fbem-2750	11	53	procedures	procedure	NOUN
fbem-2750	11	54	are	be	AUX
fbem-2750	11	55	very	very	ADV
fbem-2750	11	56	cumbersome	cumbersome	ADJ
fbem-2750	11	57	,	,	PUNCT
fbem-2750	11	58	while	while	SCONJ
fbem-2750	11	59	the	the	DET
fbem-2750	11	60	short	short	ADJ
fbem-2750	11	61	-	-	PUNCT
fbem-2750	11	62	term	term	NOUN
fbem-2750	11	63	credit	credit	NOUN
fbem-2750	11	64	financing	financing	NOUN
fbem-2750	11	65	procedures	procedure	NOUN
fbem-2750	11	66	are	be	AUX
fbem-2750	11	67	much	much	ADV
fbem-2750	11	68	easier	easy	ADJ
fbem-2750	11	69	,	,	PUNCT
fbem-2750	11	70	and	and	CCONJ
fbem-2750	11	71	as	as	ADP
fbem-2750	11	72	enterprises	enterprise	NOUN
fbem-2750	11	73	in	in	ADP
fbem-2750	11	74	the	the	DET
fbem-2750	11	75	process	process	NOUN
fbem-2750	11	76	of	of	ADP
fbem-2750	11	77	rapid	rapid	ADJ
fbem-2750	11	78	expansion	expansion	NOUN
fbem-2750	11	79	,	,	PUNCT
fbem-2750	11	80	they	they	PRON
fbem-2750	11	81	naturally	naturally	ADV
fbem-2750	11	82	prefer	prefer	VERB
fbem-2750	11	83	short	short	ADJ
fbem-2750	11	84	-	-	PUNCT
fbem-2750	11	85	term	term	NOUN
fbem-2750	11	86	credit	credit	NOUN
fbem-2750	11	87	financing	financing	NOUN
fbem-2750	11	88	to	to	PART
fbem-2750	11	89	meet	meet	VERB
fbem-2750	11	90	their	their	PRON
fbem-2750	11	91	capital	capital	NOUN
fbem-2750	11	92	needs	need	NOUN
fbem-2750	11	93	.	.	PUNCT
fbem-2750	12	1	as	as	ADP
fbem-2750	12	2	a	a	DET
fbem-2750	12	3	company	company	NOUN
fbem-2750	12	4	in	in	ADP
fbem-2750	12	5	the	the	DET
fbem-2750	12	6	process	process	NOUN
fbem-2750	12	7	of	of	ADP
fbem-2750	12	8	rapid	rapid	ADJ
fbem-2750	12	9	expansion	expansion	NOUN
fbem-2750	12	10	,	,	PUNCT
fbem-2750	12	11	it	it	PRON
fbem-2750	12	12	naturally	naturally	ADV
fbem-2750	12	13	prefers	prefer	VERB
fbem-2750	12	14	short	short	ADJ
fbem-2750	12	15	-	-	PUNCT
fbem-2750	12	16	term	term	NOUN
fbem-2750	12	17	credit	credit	NOUN
fbem-2750	12	18	financing	financing	NOUN
fbem-2750	12	19	to	to	PART
fbem-2750	12	20	meet	meet	VERB
fbem-2750	12	21	its	its	PRON
fbem-2750	12	22	capital	capital	NOUN
fbem-2750	12	23	needs	need	NOUN
fbem-2750	12	24	.	.	PUNCT
fbem-2750	13	1	in	in	ADP
fbem-2750	13	2	addition	addition	NOUN
fbem-2750	13	3	,	,	PUNCT
fbem-2750	13	4	due	due	ADP
fbem-2750	13	5	to	to	ADP
fbem-2750	13	6	the	the	DET
fbem-2750	13	7	lack	lack	NOUN
fbem-2750	13	8	of	of	ADP
fbem-2750	13	9	professional	professional	ADJ
fbem-2750	13	10	personnel	personnel	NOUN
fbem-2750	13	11	or	or	CCONJ
fbem-2750	13	12	insufficient	insufficient	ADJ
fbem-2750	13	13	attention	attention	NOUN
fbem-2750	13	14	,	,	PUNCT
fbem-2750	13	15	enterprises	enterprise	NOUN
fbem-2750	13	16	lack	lack	VERB
fbem-2750	13	17	effective	effective	ADJ
fbem-2750	13	18	management	management	NOUN
fbem-2750	13	19	in	in	ADP
fbem-2750	13	20	planning	planning	NOUN
fbem-2750	13	21	and	and	CCONJ
fbem-2750	13	22	scheduling	scheduling	NOUN
fbem-2750	13	23	of	of	ADP
fbem-2750	13	24	funds	fund	NOUN
fbem-2750	13	25	;	;	PUNCT
fbem-2750	13	26	banks	bank	NOUN
fbem-2750	13	27	may	may	AUX
fbem-2750	13	28	blindly	blindly	ADV
fbem-2750	13	29	issue	issue	VERB
fbem-2750	13	30	loans	loan	NOUN
fbem-2750	13	31	for	for	ADP
fbem-2750	13	32	enterprises	enterprise	NOUN
fbem-2750	13	33	in	in	ADP
fbem-2750	13	34	competition	competition	NOUN
fbem-2750	13	35	for	for	ADP
fbem-2750	13	36	their	their	PRON
fbem-2750	13	37	own	own	ADJ
fbem-2750	13	38	interests	interest	NOUN
fbem-2750	13	39	.	.	PUNCT
fbem-2750	14	1	these	these	DET
fbem-2750	14	2	situations	situation	NOUN
fbem-2750	14	3	prompt	prompt	VERB
fbem-2750	14	4	enterprises	enterprise	NOUN
fbem-2750	14	5	to	to	PART
fbem-2750	14	6	choose	choose	VERB
fbem-2750	14	7	short	short	ADJ
fbem-2750	14	8	term	term	NOUN
fbem-2750	14	9	loans	loan	NOUN
fbem-2750	14	10	and	and	CCONJ
fbem-2750	14	11	long	long	ADJ
fbem-2750	14	12	term	term	NOUN
fbem-2750	14	13	investments	investment	NOUN
fbem-2750	14	14	to	to	PART
fbem-2750	14	15	meet	meet	VERB
fbem-2750	14	16	the	the	DET
fbem-2750	14	17	capital	capital	NOUN
fbem-2750	14	18	needs	need	NOUN
fbem-2750	14	19	for	for	ADP
fbem-2750	14	20	production	production	NOUN
fbem-2750	14	21	and	and	CCONJ
fbem-2750	14	22	development	development	NOUN
fbem-2750	14	23	.	.	PUNCT
fbem-2750	15	1	short	short	ADJ
fbem-2750	15	2	term	term	NOUN
fbem-2750	15	3	loans	loan	NOUN
fbem-2750	15	4	and	and	CCONJ
fbem-2750	15	5	long	long	ADJ
fbem-2750	15	6	term	term	NOUN
fbem-2750	15	7	investments	investment	NOUN
fbem-2750	15	8	refer	refer	VERB
fbem-2750	15	9	to	to	ADP
fbem-2750	15	10	enterprises	enterprise	NOUN
fbem-2750	15	11	borrowing	borrow	VERB
fbem-2750	15	12	short	short	ADJ
fbem-2750	15	13	-	-	PUNCT
fbem-2750	15	14	term	term	NOUN
fbem-2750	15	15	loans	loan	NOUN
fbem-2750	15	16	from	from	ADP
fbem-2750	15	17	banks	bank	NOUN
fbem-2750	15	18	and	and	CCONJ
fbem-2750	15	19	other	other	ADJ
fbem-2750	15	20	financial	financial	ADJ
fbem-2750	15	21	institutions	institution	NOUN
fbem-2750	15	22	for	for	ADP
fbem-2750	15	23	long	long	ADJ
fbem-2750	15	24	-	-	PUNCT
fbem-2750	15	25	term	term	NOUN
fbem-2750	15	26	production	production	NOUN
fbem-2750	15	27	inputs	input	NOUN
fbem-2750	15	28	,	,	PUNCT
fbem-2750	15	29	which	which	PRON
fbem-2750	15	30	is	be	AUX
fbem-2750	15	31	beneficial	beneficial	ADJ
fbem-2750	15	32	in	in	ADP
fbem-2750	15	33	that	that	SCONJ
fbem-2750	15	34	it	it	PRON
fbem-2750	15	35	allows	allow	VERB
fbem-2750	15	36	enterprises	enterprise	NOUN
fbem-2750	15	37	to	to	PART
fbem-2750	15	38	arrange	arrange	VERB
fbem-2750	15	39	funds	fund	NOUN
fbem-2750	15	40	more	more	ADV
fbem-2750	15	41	flexibly	flexibly	ADV
fbem-2750	15	42	and	and	CCONJ
fbem-2750	15	43	easily	easily	ADV
fbem-2750	15	44	,	,	PUNCT
fbem-2750	15	45	but	but	CCONJ
fbem-2750	15	46	it	it	PRON
fbem-2750	15	47	has	have	VERB
fbem-2750	15	48	great	great	ADJ
fbem-2750	15	49	hazards	hazard	NOUN
fbem-2750	15	50	:	:	PUNCT
fbem-2750	15	51	it	it	PRON
fbem-2750	15	52	will	will	AUX
fbem-2750	15	53	increase	increase	VERB
fbem-2750	15	54	the	the	DET
fbem-2750	15	55	cost	cost	NOUN
fbem-2750	15	56	of	of	ADP
fbem-2750	15	57	debt	debt	NOUN
fbem-2750	15	58	financing	financing	NOUN
fbem-2750	15	59	,	,	PUNCT
fbem-2750	15	60	reduce	reduce	VERB
fbem-2750	15	61	the	the	DET
fbem-2750	15	62	profitability	profitability	NOUN
fbem-2750	15	63	of	of	ADP
fbem-2750	15	64	enterprises	enterprise	NOUN
fbem-2750	15	65	,	,	PUNCT
fbem-2750	15	66	increase	increase	VERB
fbem-2750	15	67	the	the	DET
fbem-2750	15	68	degree	degree	NOUN
fbem-2750	15	69	of	of	ADP
fbem-2750	15	70	over	over	ADP
fbem-2750	15	71	-	-	PUNCT
fbem-2750	15	72	investment	investment	NOUN
fbem-2750	15	73	,	,	PUNCT
fbem-2750	15	74	thus	thus	ADV
fbem-2750	15	75	increasing	increase	VERB
fbem-2750	15	76	the	the	DET
fbem-2750	15	77	risk	risk	NOUN
fbem-2750	15	78	of	of	ADP
fbem-2750	15	79	default	default	NOUN
fbem-2750	15	80	on	on	ADP
fbem-2750	15	81	debt[1	debt[1	NUM
fbem-2750	15	82	]	]	PUNCT
fbem-2750	15	83	;	;	PUNCT
fbem-2750	15	84	it	it	PRON
fbem-2750	15	85	will	will	AUX
fbem-2750	15	86	increase	increase	VERB
fbem-2750	15	87	the	the	DET
fbem-2750	15	88	probability	probability	NOUN
fbem-2750	15	89	of	of	ADP
fbem-2750	15	90	financial	financial	ADJ
fbem-2750	15	91	risks	risk	NOUN
fbem-2750	15	92	.	.	PUNCT
fbem-2750	16	1	in	in	ADP
fbem-2750	16	2	addition	addition	NOUN
fbem-2750	16	3	,	,	PUNCT
fbem-2750	16	4	after	after	ADP
fbem-2750	16	5	the	the	DET
fbem-2750	16	6	short	short	ADJ
fbem-2750	16	7	loan	loan	NOUN
fbem-2750	16	8	and	and	CCONJ
fbem-2750	16	9	long	long	ADJ
fbem-2750	16	10	investment	investment	NOUN
fbem-2750	16	11	,	,	PUNCT
fbem-2750	16	12	if	if	SCONJ
fbem-2750	16	13	the	the	DET
fbem-2750	16	14	expected	expect	VERB
fbem-2750	16	15	return	return	NOUN
fbem-2750	16	16	is	be	AUX
fbem-2750	16	17	not	not	PART
fbem-2750	16	18	achieved	achieve	VERB
fbem-2750	16	19	,	,	PUNCT
fbem-2750	16	20	it	it	PRON
fbem-2750	16	21	will	will	AUX
fbem-2750	16	22	lead	lead	VERB
fbem-2750	16	23	to	to	ADP
fbem-2750	16	24	the	the	DET
fbem-2750	16	25	enterprise	enterprise	NOUN
fbem-2750	16	26	to	to	PART
fbem-2750	16	27	maintain	maintain	VERB
fbem-2750	16	28	low	low	ADJ
fbem-2750	16	29	profits	profit	NOUN
fbem-2750	16	30	or	or	CCONJ
fbem-2750	16	31	losses	loss	NOUN
fbem-2750	16	32	for	for	ADP
fbem-2750	16	33	a	a	DET
fbem-2750	16	34	long	long	ADJ
fbem-2750	16	35	time	time	NOUN
fbem-2750	16	36	,	,	PUNCT
fbem-2750	16	37	which	which	PRON
fbem-2750	16	38	will	will	AUX
fbem-2750	16	39	also	also	ADV
fbem-2750	16	40	lead	lead	VERB
fbem-2750	16	41	to	to	ADP
fbem-2750	16	42	the	the	DET
fbem-2750	16	43	enterprise	enterprise	NOUN
fbem-2750	16	44	can	can	AUX
fbem-2750	16	45	not	not	PART
fbem-2750	16	46	pay	pay	VERB
fbem-2750	16	47	off	off	ADP
fbem-2750	16	48	the	the	DET
fbem-2750	16	49	loan	loan	NOUN
fbem-2750	16	50	,	,	PUNCT
fbem-2750	16	51	and	and	CCONJ
fbem-2750	16	52	have	have	VERB
fbem-2750	16	53	to	to	PART
fbem-2750	16	54	renew	renew	VERB
fbem-2750	16	55	the	the	DET
fbem-2750	16	56	loan	loan	NOUN
fbem-2750	16	57	year	year	NOUN
fbem-2750	16	58	after	after	ADP
fbem-2750	16	59	year	year	NOUN
fbem-2750	16	60	to	to	PART
fbem-2750	16	61	transfer	transfer	VERB
fbem-2750	16	62	the	the	DET
fbem-2750	16	63	loan	loan	NOUN
fbem-2750	16	64	,	,	PUNCT
fbem-2750	16	65	thus	thus	ADV
fbem-2750	16	66	carrying	carry	VERB
fbem-2750	16	67	a	a	DET
fbem-2750	16	68	heavy	heavy	ADJ
fbem-2750	16	69	debt	debt	NOUN
fbem-2750	16	70	.	.	PUNCT
fbem-2750	17	1	therefore	therefore	ADV
fbem-2750	17	2	,	,	PUNCT
fbem-2750	17	3	it	it	PRON
fbem-2750	17	4	is	be	AUX
fbem-2750	17	5	important	important	ADJ
fbem-2750	17	6	to	to	PART
fbem-2750	17	7	reduce	reduce	VERB
fbem-2750	17	8	the	the	DET
fbem-2750	17	9	degree	degree	NOUN
fbem-2750	17	10	of	of	ADP
fbem-2750	17	11	short	short	ADJ
fbem-2750	17	12	loans	loan	NOUN
fbem-2750	17	13	and	and	CCONJ
fbem-2750	17	14	long	long	ADJ
fbem-2750	17	15	investments	investment	NOUN
fbem-2750	17	16	for	for	ADP
fbem-2750	17	17	the	the	DET
fbem-2750	17	18	healthy	healthy	ADJ
fbem-2750	17	19	and	and	CCONJ
fbem-2750	17	20	stable	stable	ADJ
fbem-2750	17	21	development	development	NOUN
fbem-2750	17	22	of	of	ADP
fbem-2750	17	23	enterprises	enterprise	NOUN
fbem-2750	17	24	,	,	PUNCT
fbem-2750	17	25	and	and	CCONJ
fbem-2750	17	26	with	with	ADP
fbem-2750	17	27	the	the	DET
fbem-2750	17	28	advent	advent	NOUN
fbem-2750	17	29	of	of	ADP
fbem-2750	17	30	the	the	DET
fbem-2750	17	31	digital	digital	ADJ
fbem-2750	17	32	era	era	NOUN
fbem-2750	17	33	,	,	PUNCT
fbem-2750	17	34	the	the	DET
fbem-2750	17	35	digital	digital	ADJ
fbem-2750	17	36	transformation	transformation	NOUN
fbem-2750	17	37	of	of	ADP
fbem-2750	17	38	enterprises	enterprise	NOUN
fbem-2750	17	39	will	will	AUX
fbem-2750	17	40	become	become	VERB
fbem-2750	17	41	a	a	DET
fbem-2750	17	42	new	new	ADJ
fbem-2750	17	43	way	way	NOUN
fbem-2750	17	44	to	to	PART
fbem-2750	17	45	improve	improve	VERB
fbem-2750	17	46	the	the	DET
fbem-2750	17	47	current	current	ADJ
fbem-2750	17	48	situation	situation	NOUN
fbem-2750	17	49	of	of	ADP
fbem-2750	17	50	short	short	ADJ
fbem-2750	17	51	loans	loan	NOUN
fbem-2750	17	52	and	and	CCONJ
fbem-2750	17	53	long	long	ADJ
fbem-2750	17	54	investments	investment	NOUN
fbem-2750	17	55	.	.	PUNCT
fbem-2750	18	1	enterprise	enterprise	NOUN
fbem-2750	18	2	digital	digital	ADJ
fbem-2750	18	3	transformation	transformation	NOUN
fbem-2750	18	4	refers	refer	VERB
fbem-2750	18	5	to	to	ADP
fbem-2750	18	6	the	the	DET
fbem-2750	18	7	change	change	NOUN
fbem-2750	18	8	measures	measure	NOUN
fbem-2750	18	9	that	that	PRON
fbem-2750	18	10	enterprises	enterprise	NOUN
fbem-2750	18	11	use	use	VERB
fbem-2750	18	12	digital	digital	ADJ
fbem-2750	18	13	technology	technology	NOUN
fbem-2750	18	14	to	to	PART
fbem-2750	18	15	drive	drive	VERB
fbem-2750	18	16	their	their	PRON
fbem-2750	18	17	own	own	ADJ
fbem-2750	18	18	transformation	transformation	NOUN
fbem-2750	18	19	of	of	ADP
fbem-2750	18	20	business	business	NOUN
fbem-2750	18	21	models	model	NOUN
fbem-2750	18	22	,	,	PUNCT
fbem-2750	18	23	organizational	organizational	ADJ
fbem-2750	18	24	frameworks	framework	NOUN
fbem-2750	18	25	,	,	PUNCT
fbem-2750	18	26	corporate	corporate	ADJ
fbem-2750	18	27	culture	culture	NOUN
fbem-2750	18	28	,	,	PUNCT
fbem-2750	18	29	etc	etc	X
fbem-2750	18	30	.	.	X
fbem-2750	19	1	it	it	PRON
fbem-2750	19	2	can	can	AUX
fbem-2750	19	3	help	help	VERB
fbem-2750	19	4	smes	sme	NOUN
fbem-2750	19	5	to	to	PART
fbem-2750	19	6	achieve	achieve	VERB
fbem-2750	19	7	better	well	ADJ
fbem-2750	19	8	growth	growth	NOUN
fbem-2750	19	9	in	in	ADP
fbem-2750	19	10	the	the	DET
fbem-2750	19	11	digital	digital	ADJ
fbem-2750	19	12	era	era	NOUN
fbem-2750	19	13	.	.	PUNCT
fbem-2750	20	1	studies	study	NOUN
fbem-2750	20	2	have	have	AUX
fbem-2750	20	3	shown	show	VERB
fbem-2750	20	4	that	that	SCONJ
fbem-2750	20	5	the	the	DET
fbem-2750	20	6	digital	digital	ADJ
fbem-2750	20	7	transformation	transformation	NOUN
fbem-2750	20	8	of	of	ADP
fbem-2750	20	9	enterprises	enterprise	NOUN
fbem-2750	20	10	,	,	PUNCT
fbem-2750	20	11	using	use	VERB
fbem-2750	20	12	digital	digital	ADJ
fbem-2750	20	13	technology	technology	NOUN
fbem-2750	20	14	,	,	PUNCT
fbem-2750	20	15	can	can	AUX
fbem-2750	20	16	reduce	reduce	VERB
fbem-2750	20	17	the	the	DET
fbem-2750	20	18	degree	degree	NOUN
fbem-2750	20	19	of	of	ADP
fbem-2750	20	20	information	information	NOUN
fbem-2750	20	21	asymmetry	asymmetry	NOUN
fbem-2750	20	22	,	,	PUNCT
fbem-2750	20	23	improve	improve	VERB
fbem-2750	20	24	financial	financial	ADJ
fbem-2750	20	25	stability	stability	NOUN
fbem-2750	20	26	and	and	CCONJ
fbem-2750	20	27	reduce	reduce	VERB
fbem-2750	20	28	adjustment	adjustment	NOUN
fbem-2750	20	29	costs	cost	NOUN
fbem-2750	20	30	,	,	PUNCT
fbem-2750	20	31	thus	thus	ADV
fbem-2750	20	32	accelerating	accelerate	VERB
fbem-2750	20	33	the	the	DET
fbem-2750	20	34	dynamic	dynamic	ADJ
fbem-2750	20	35	adjustment	adjustment	NOUN
fbem-2750	20	36	of	of	ADP
fbem-2750	20	37	capital	capital	NOUN
fbem-2750	20	38	structure[2	structure[2	PROPN
fbem-2750	20	39	]	]	PUNCT
fbem-2750	20	40	.	.	PUNCT
fbem-2750	21	1	the	the	DET
fbem-2750	21	2	effective	effective	ADJ
fbem-2750	21	3	acceleration	acceleration	NOUN
fbem-2750	21	4	of	of	ADP
fbem-2750	21	5	the	the	DET
fbem-2750	21	6	dynamic	dynamic	ADJ
fbem-2750	21	7	adjustment	adjustment	NOUN
fbem-2750	21	8	of	of	ADP
fbem-2750	21	9	the	the	DET
fbem-2750	21	10	capital	capital	NOUN
fbem-2750	21	11	structure	structure	NOUN
fbem-2750	21	12	helps	help	VERB
fbem-2750	21	13	companies	company	NOUN
fbem-2750	21	14	to	to	PART
fbem-2750	21	15	strengthen	strengthen	VERB
fbem-2750	21	16	the	the	DET
fbem-2750	21	17	management	management	NOUN
fbem-2750	21	18	of	of	ADP
fbem-2750	21	19	capital	capital	NOUN
fbem-2750	21	20	planning	planning	NOUN
fbem-2750	21	21	and	and	CCONJ
fbem-2750	21	22	scheduling	scheduling	NOUN
fbem-2750	21	23	.	.	PUNCT
fbem-2750	22	1	therefore	therefore	ADV
fbem-2750	22	2	,	,	PUNCT
fbem-2750	22	3	enterprises	enterprise	NOUN
fbem-2750	22	4	can	can	AUX
fbem-2750	22	5	choose	choose	VERB
fbem-2750	22	6	the	the	DET
fbem-2750	22	7	appropriate	appropriate	ADJ
fbem-2750	22	8	way	way	NOUN
fbem-2750	22	9	to	to	PART
fbem-2750	22	10	obtain	obtain	VERB
fbem-2750	22	11	and	and	CCONJ
fbem-2750	22	12	utilize	utilize	VERB
fbem-2750	22	13	capital	capital	NOUN
fbem-2750	22	14	through	through	ADP
fbem-2750	22	15	digital	digital	ADJ
fbem-2750	22	16	transformation	transformation	NOUN
fbem-2750	22	17	,	,	PUNCT
fbem-2750	22	18	thus	thus	ADV
fbem-2750	22	19	reducing	reduce	VERB
fbem-2750	22	20	the	the	DET
fbem-2750	22	21	behavior	behavior	NOUN
fbem-2750	22	22	of	of	ADP
fbem-2750	22	23	short	short	ADJ
fbem-2750	22	24	term	term	NOUN
fbem-2750	22	25	loan	loan	NOUN
fbem-2750	22	26	and	and	CCONJ
fbem-2750	22	27	long	long	ADJ
fbem-2750	22	28	term	term	NOUN
fbem-2750	22	29	investment	investment	NOUN
fbem-2750	22	30	,	,	PUNCT
fbem-2750	22	31	and	and	CCONJ
fbem-2750	22	32	promoting	promote	VERB
fbem-2750	22	33	the	the	DET
fbem-2750	22	34	long	long	ADJ
fbem-2750	22	35	-	-	PUNCT
fbem-2750	22	36	term	term	NOUN
fbem-2750	22	37	stable	stable	ADJ
fbem-2750	22	38	development	development	NOUN
fbem-2750	22	39	of	of	ADP
fbem-2750	22	40	enterprises	enterprise	NOUN
fbem-2750	22	41	.	.	PUNCT
fbem-2750	23	1	this	this	DET
fbem-2750	23	2	paper	paper	NOUN
fbem-2750	23	3	links	link	VERB
fbem-2750	23	4	the	the	DET
fbem-2750	23	5	digital	digital	ADJ
fbem-2750	23	6	transformation	transformation	NOUN
fbem-2750	23	7	of	of	ADP
fbem-2750	23	8	enterprises	enterprise	NOUN
fbem-2750	23	9	with	with	ADP
fbem-2750	23	10	short	short	ADJ
fbem-2750	23	11	term	term	NOUN
fbem-2750	23	12	loans	loan	NOUN
fbem-2750	23	13	and	and	CCONJ
fbem-2750	23	14	long	long	ADJ
fbem-2750	23	15	term	term	NOUN
fbem-2750	23	16	investments	investment	NOUN
fbem-2750	23	17	,	,	PUNCT
fbem-2750	23	18	and	and	CCONJ
fbem-2750	23	19	investigates	investigate	VERB
fbem-2750	23	20	the	the	DET
fbem-2750	23	21	inhibiting	inhibit	VERB
fbem-2750	23	22	effect	effect	NOUN
fbem-2750	23	23	of	of	ADP
fbem-2750	23	24	digital	digital	ADJ
fbem-2750	23	25	transformation	transformation	NOUN
fbem-2750	23	26	on	on	ADP
fbem-2750	23	27	short	short	ADJ
fbem-2750	23	28	term	term	NOUN
fbem-2750	23	29	loans	loan	NOUN
fbem-2750	23	30	and	and	CCONJ
fbem-2750	23	31	long	long	ADJ
fbem-2750	23	32	term	term	NOUN
fbem-2750	23	33	investments	investment	NOUN
fbem-2750	23	34	through	through	ADP
fbem-2750	23	35	the	the	DET
fbem-2750	23	36	analysis	analysis	NOUN
fbem-2750	23	37	of	of	ADP
fbem-2750	23	38	relevant	relevant	ADJ
fbem-2750	23	39	data	datum	NOUN
fbem-2750	23	40	;	;	PUNCT
fbem-2750	23	41	the	the	DET
fbem-2750	23	42	degree	degree	NOUN
fbem-2750	23	43	of	of	ADP
fbem-2750	23	44	digital	digital	ADJ
fbem-2750	23	45	transformation	transformation	NOUN
fbem-2750	23	46	is	be	AUX
fbem-2750	23	47	represented	represent	VERB
fbem-2750	23	48	by	by	ADP
fbem-2750	23	49	the	the	DET
fbem-2750	23	50	number	number	NOUN
fbem-2750	23	51	of	of	ADP
fbem-2750	23	52	key	key	ADJ
fbem-2750	23	53	words	word	NOUN
fbem-2750	23	54	appearing	appear	VERB
fbem-2750	23	55	in	in	ADP
fbem-2750	23	56	the	the	DET
fbem-2750	23	57	42	42	NUM
fbem-2750	23	58	annual	annual	ADJ
fbem-2750	23	59	reports	report	NOUN
fbem-2750	23	60	of	of	ADP
fbem-2750	23	61	enterprises	enterprise	NOUN
fbem-2750	23	62	according	accord	VERB
fbem-2750	23	63	to	to	ADP
fbem-2750	23	64	the	the	DET
fbem-2750	23	65	existing	exist	VERB
fbem-2750	23	66	studies	study	NOUN
fbem-2750	23	67	;	;	PUNCT
fbem-2750	23	68	the	the	DET
fbem-2750	23	69	digital	digital	ADJ
fbem-2750	23	70	transformation	transformation	NOUN
fbem-2750	23	71	of	of	ADP
fbem-2750	23	72	enterprises	enterprise	NOUN
fbem-2750	23	73	is	be	AUX
fbem-2750	23	74	used	use	VERB
fbem-2750	23	75	to	to	PART
fbem-2750	23	76	provide	provide	VERB
fbem-2750	23	77	various	various	ADJ
fbem-2750	23	78	aspects	aspect	NOUN
fbem-2750	23	79	including	include	VERB
fbem-2750	23	80	enterprises	enterprise	NOUN
fbem-2750	23	81	,	,	PUNCT
fbem-2750	23	82	talents	talent	NOUN
fbem-2750	23	83	,	,	PUNCT
fbem-2750	23	84	governments	government	NOUN
fbem-2750	23	85	and	and	CCONJ
fbem-2750	23	86	markets	market	NOUN
fbem-2750	23	87	to	to	PART
fbem-2750	23	88	effectively	effectively	ADV
fbem-2750	23	89	inhibit	inhibit	VERB
fbem-2750	23	90	short	short	ADJ
fbem-2750	23	91	term	term	NOUN
fbem-2750	23	92	loans	loan	NOUN
fbem-2750	23	93	and	and	CCONJ
fbem-2750	23	94	long	long	ADJ
fbem-2750	23	95	term	term	NOUN
fbem-2750	23	96	investments	investment	NOUN
fbem-2750	23	97	.	.	PUNCT
fbem-2750	24	1	it	it	PRON
fbem-2750	24	2	also	also	ADV
fbem-2750	24	3	provides	provide	VERB
fbem-2750	24	4	insights	insight	NOUN
fbem-2750	24	5	and	and	CCONJ
fbem-2750	24	6	suggestions	suggestion	NOUN
fbem-2750	24	7	for	for	ADP
fbem-2750	24	8	effectively	effectively	ADV
fbem-2750	24	9	curbing	curb	VERB
fbem-2750	24	10	short	short	ADJ
fbem-2750	24	11	term	term	NOUN
fbem-2750	24	12	loans	loan	NOUN
fbem-2750	24	13	and	and	CCONJ
fbem-2750	24	14	long	long	ADJ
fbem-2750	24	15	term	term	NOUN
fbem-2750	24	16	investments	investment	NOUN
fbem-2750	24	17	.	.	PUNCT
fbem-2750	25	1	2	2	X
fbem-2750	25	2	.	.	X
fbem-2750	25	3	literature	literature	NOUN
fbem-2750	25	4	review	review	PROPN
fbem-2750	25	5	and	and	CCONJ
fbem-2750	25	6	research	research	NOUN
fbem-2750	25	7	hypothesis	hypothesis	NOUN
fbem-2750	25	8	2.1	2.1	NUM
fbem-2750	25	9	.	.	PUNCT
fbem-2750	26	1	research	research	NOUN
fbem-2750	26	2	on	on	ADP
fbem-2750	26	3	digital	digital	ADJ
fbem-2750	26	4	transformation	transformation	NOUN
fbem-2750	26	5	digital	digital	ADJ
fbem-2750	26	6	transformation	transformation	NOUN
fbem-2750	26	7	plays	play	VERB
fbem-2750	26	8	an	an	DET
fbem-2750	26	9	important	important	ADJ
fbem-2750	26	10	role	role	NOUN
fbem-2750	26	11	in	in	ADP
fbem-2750	26	12	promoting	promote	VERB
fbem-2750	26	13	the	the	DET
fbem-2750	26	14	development	development	NOUN
fbem-2750	26	15	of	of	ADP
fbem-2750	26	16	the	the	DET
fbem-2750	26	17	digital	digital	ADJ
fbem-2750	26	18	economy	economy	NOUN
fbem-2750	26	19	,	,	PUNCT
fbem-2750	26	20	which	which	PRON
fbem-2750	26	21	is	be	AUX
fbem-2750	26	22	in	in	ADP
fbem-2750	26	23	fact	fact	NOUN
fbem-2750	26	24	a	a	DET
fbem-2750	26	25	digital	digital	ADJ
fbem-2750	26	26	transformation	transformation	NOUN
fbem-2750	26	27	of	of	ADP
fbem-2750	26	28	enterprises	enterprise	NOUN
fbem-2750	26	29	(	(	PUNCT
fbem-2750	26	30	zhang	zhang	PROPN
fbem-2750	26	31	wei	wei	PROPN
fbem-2750	26	32	,	,	PUNCT
fbem-2750	26	33	2022)[3	2022)[3	NOUN
fbem-2750	26	34	]	]	PUNCT
fbem-2750	26	35	,	,	PUNCT
fbem-2750	26	36	thus	thus	ADV
fbem-2750	26	37	driving	drive	VERB
fbem-2750	26	38	themselves	themselves	PRON
fbem-2750	26	39	on	on	ADP
fbem-2750	26	40	the	the	DET
fbem-2750	26	41	path	path	NOUN
fbem-2750	26	42	of	of	ADP
fbem-2750	26	43	high	high	ADJ
fbem-2750	26	44	-	-	PUNCT
fbem-2750	26	45	quality	quality	NOUN
fbem-2750	26	46	development	development	NOUN
fbem-2750	26	47	(	(	PUNCT
fbem-2750	26	48	zhao	zhao	PROPN
fbem-2750	26	49	chen	chen	PROPN
fbem-2750	26	50	-	-	PUNCT
fbem-2750	26	51	yu	yu	PROPN
fbem-2750	26	52	et	et	PROPN
fbem-2750	26	53	al	al	PROPN
fbem-2750	26	54	.	.	PROPN
fbem-2750	26	55	,	,	PUNCT
fbem-2750	26	56	2021)[4	2021)[4	NUM
fbem-2750	26	57	]	]	PUNCT
fbem-2750	26	58	.	.	PUNCT
fbem-2750	27	1	some	some	DET
fbem-2750	27	2	scholars	scholar	NOUN
fbem-2750	27	3	have	have	AUX
fbem-2750	27	4	already	already	ADV
fbem-2750	27	5	studied	study	VERB
fbem-2750	27	6	digital	digital	ADJ
fbem-2750	27	7	transformation	transformation	NOUN
fbem-2750	27	8	from	from	ADP
fbem-2750	27	9	the	the	DET
fbem-2750	27	10	perspective	perspective	NOUN
fbem-2750	27	11	of	of	ADP
fbem-2750	27	12	microeconomic	microeconomic	ADJ
fbem-2750	27	13	effects	effect	NOUN
fbem-2750	27	14	,	,	PUNCT
fbem-2750	27	15	and	and	CCONJ
fbem-2750	27	16	chen	chen	PROPN
fbem-2750	27	17	-	-	PUNCT
fbem-2750	27	18	yu	yu	PROPN
fbem-2750	27	19	zhao	zhao	PROPN
fbem-2750	27	20	et	et	PROPN
fbem-2750	27	21	al	al	PROPN
fbem-2750	27	22	.	.	PROPN
fbem-2750	28	1	(	(	PUNCT
fbem-2750	28	2	2021	2021	NUM
fbem-2750	28	3	)	)	PUNCT
fbem-2750	28	4	point	point	VERB
fbem-2750	28	5	out	out	ADP
fbem-2750	28	6	that	that	SCONJ
fbem-2750	28	7	the	the	DET
fbem-2750	28	8	total	total	ADJ
fbem-2750	28	9	factor	factor	NOUN
fbem-2750	28	10	productivity	productivity	NOUN
fbem-2750	28	11	of	of	ADP
fbem-2750	28	12	enterprises	enterprise	NOUN
fbem-2750	28	13	will	will	AUX
fbem-2750	28	14	also	also	ADV
fbem-2750	28	15	be	be	AUX
fbem-2750	28	16	improved	improve	VERB
fbem-2750	28	17	after	after	ADP
fbem-2750	28	18	digital	digital	ADJ
fbem-2750	28	19	transformation	transformation	NOUN
fbem-2750	29	1	[	[	X
fbem-2750	29	2	4	4	NUM
fbem-2750	29	3	]	]	PUNCT
fbem-2750	29	4	.	.	PUNCT
fbem-2750	30	1	in	in	ADP
fbem-2750	30	2	addition	addition	NOUN
fbem-2750	30	3	,	,	PUNCT
fbem-2750	30	4	digital	digital	ADJ
fbem-2750	30	5	transformation	transformation	NOUN
fbem-2750	30	6	also	also	ADV
fbem-2750	30	7	greatly	greatly	ADV
fbem-2750	30	8	improves	improve	VERB
fbem-2750	30	9	stock	stock	NOUN
fbem-2750	30	10	liquidity	liquidity	NOUN
fbem-2750	30	11	(	(	PUNCT
fbem-2750	30	12	wu	wu	PROPN
fbem-2750	30	13	,	,	PUNCT
fbem-2750	30	14	f.	f.	PROPN
fbem-2750	30	15	,	,	PUNCT
fbem-2750	30	16	2021)[5	2021)[5	PROPN
fbem-2750	30	17	]	]	PUNCT
fbem-2750	30	18	,	,	PUNCT
fbem-2750	30	19	factor	factor	NOUN
fbem-2750	30	20	allocation	allocation	NOUN
fbem-2750	30	21	efficiency	efficiency	NOUN
fbem-2750	30	22	(	(	PUNCT
fbem-2750	30	23	huang	huang	PROPN
fbem-2750	30	24	,	,	PUNCT
fbem-2750	30	25	d.	d.	PROPN
fbem-2750	30	26	y.	y.	PROPN
fbem-2750	30	27	,	,	PUNCT
fbem-2750	30	28	2022)[6	2022)[6	X
fbem-2750	30	29	]	]	PUNCT
fbem-2750	30	30	and	and	CCONJ
fbem-2750	30	31	promotes	promote	VERB
fbem-2750	30	32	corporate	corporate	ADJ
fbem-2750	30	33	esg	esg	NOUN
fbem-2750	30	34	performance	performance	NOUN
fbem-2750	30	35	(	(	PUNCT
fbem-2750	30	36	hu	hu	PROPN
fbem-2750	30	37	,	,	PUNCT
fbem-2750	30	38	j.	j.	PROPN
fbem-2750	30	39	,	,	PUNCT
fbem-2750	30	40	2022)[7	2022)[7	NUM
fbem-2750	30	41	]	]	PUNCT
fbem-2750	30	42	.	.	PUNCT
fbem-2750	31	1	2.2	2.2	NUM
fbem-2750	31	2	.	.	PUNCT
fbem-2750	31	3	research	research	NOUN
fbem-2750	31	4	on	on	ADP
fbem-2750	31	5	short	short	ADJ
fbem-2750	31	6	term	term	NOUN
fbem-2750	31	7	loans	loan	NOUN
fbem-2750	31	8	and	and	CCONJ
fbem-2750	31	9	long	long	ADJ
fbem-2750	31	10	term	term	NOUN
fbem-2750	31	11	investments	investment	NOUN
fbem-2750	31	12	for	for	ADP
fbem-2750	31	13	enterprises	enterprise	NOUN
fbem-2750	31	14	firms	firm	NOUN
fbem-2750	31	15	'	'	PART
fbem-2750	31	16	short	short	ADJ
fbem-2750	31	17	loans	loan	NOUN
fbem-2750	31	18	and	and	CCONJ
fbem-2750	31	19	long	long	ADJ
fbem-2750	31	20	investments	investment	NOUN
fbem-2750	31	21	are	be	AUX
fbem-2750	31	22	mainly	mainly	ADV
fbem-2750	31	23	influenced	influence	VERB
fbem-2750	31	24	by	by	ADP
fbem-2750	31	25	the	the	DET
fbem-2750	31	26	supply	supply	NOUN
fbem-2750	31	27	of	of	ADP
fbem-2750	31	28	funds	fund	NOUN
fbem-2750	31	29	and	and	CCONJ
fbem-2750	31	30	firms	firm	NOUN
fbem-2750	31	31	'	'	PART
fbem-2750	31	32	financing	financing	NOUN
fbem-2750	31	33	strategies	strategy	NOUN
fbem-2750	31	34	(	(	PUNCT
fbem-2750	31	35	sun	sun	NOUN
fbem-2750	31	36	,	,	PUNCT
fbem-2750	31	37	feng'e	feng'e	PROPN
fbem-2750	31	38	,	,	PUNCT
fbem-2750	31	39	2019)[8	2019)[8	PROPN
fbem-2750	31	40	]	]	PUNCT
fbem-2750	31	41	,	,	PUNCT
fbem-2750	31	42	and	and	CCONJ
fbem-2750	31	43	both	both	DET
fbem-2750	31	44	insufficient	insufficient	ADJ
fbem-2750	31	45	supply	supply	NOUN
fbem-2750	31	46	of	of	ADP
fbem-2750	31	47	funds	fund	NOUN
fbem-2750	31	48	and	and	CCONJ
fbem-2750	31	49	aggressive	aggressive	ADJ
fbem-2750	31	50	investment	investment	NOUN
fbem-2750	31	51	and	and	CCONJ
fbem-2750	31	52	financing	financing	NOUN
fbem-2750	31	53	strategies	strategy	NOUN
fbem-2750	31	54	can	can	AUX
fbem-2750	31	55	contribute	contribute	VERB
fbem-2750	31	56	to	to	ADP
fbem-2750	31	57	short	short	ADJ
fbem-2750	31	58	loans	loan	NOUN
fbem-2750	31	59	and	and	CCONJ
fbem-2750	31	60	long	long	ADJ
fbem-2750	31	61	investments	investment	NOUN
fbem-2750	31	62	.	.	PUNCT
fbem-2750	32	1	sheng	sheng	PROPN
fbem-2750	32	2	mingquan	mingquan	PROPN
fbem-2750	32	3	et	et	PROPN
fbem-2750	32	4	al	al	PROPN
fbem-2750	32	5	.	.	PROPN
fbem-2750	32	6	(	(	PUNCT
fbem-2750	32	7	2020	2020	NUM
fbem-2750	32	8	)	)	PUNCT
fbem-2750	32	9	studied	study	VERB
fbem-2750	32	10	factors	factor	NOUN
fbem-2750	32	11	such	such	ADJ
fbem-2750	32	12	as	as	ADP
fbem-2750	32	13	firm	firm	ADJ
fbem-2750	32	14	size	size	NOUN
fbem-2750	32	15	as	as	ADP
fbem-2750	32	16	control	control	NOUN
fbem-2750	32	17	variables	variable	NOUN
fbem-2750	32	18	and	and	CCONJ
fbem-2750	32	19	found	find	VERB
fbem-2750	32	20	that	that	SCONJ
fbem-2750	32	21	short	short	ADJ
fbem-2750	32	22	loans	loan	NOUN
fbem-2750	32	23	and	and	CCONJ
fbem-2750	32	24	long	long	ADJ
fbem-2750	32	25	investments	investment	NOUN
fbem-2750	32	26	have	have	VERB
fbem-2750	32	27	a	a	DET
fbem-2750	32	28	negative	negative	ADJ
fbem-2750	32	29	impact	impact	NOUN
fbem-2750	32	30	on	on	ADP
fbem-2750	32	31	total	total	ADJ
fbem-2750	32	32	factor	factor	NOUN
fbem-2750	32	33	productivity[9	productivity[9	PROPN
fbem-2750	32	34	]	]	PUNCT
fbem-2750	32	35	.	.	PUNCT
fbem-2750	33	1	liu	liu	PROPN
fbem-2750	33	2	,	,	PUNCT
fbem-2750	33	3	hongzhong	hongzhong	PROPN
fbem-2750	33	4	et	et	PROPN
fbem-2750	33	5	al	al	PROPN
fbem-2750	33	6	.	.	PROPN
fbem-2750	33	7	(	(	PUNCT
fbem-2750	33	8	2021	2021	NUM
fbem-2750	33	9	)	)	PUNCT
fbem-2750	33	10	also	also	ADV
fbem-2750	33	11	studied	study	VERB
fbem-2750	33	12	factors	factor	NOUN
fbem-2750	33	13	such	such	ADJ
fbem-2750	33	14	as	as	ADP
fbem-2750	33	15	firm	firm	ADJ
fbem-2750	33	16	size	size	NOUN
fbem-2750	33	17	and	and	CCONJ
fbem-2750	33	18	leverage	leverage	NOUN
fbem-2750	33	19	as	as	ADP
fbem-2750	33	20	control	control	NOUN
fbem-2750	33	21	variables	variable	NOUN
fbem-2750	33	22	and	and	CCONJ
fbem-2750	33	23	concluded	conclude	VERB
fbem-2750	33	24	that	that	SCONJ
fbem-2750	33	25	the	the	PRON
fbem-2750	33	26	higher	high	ADJ
fbem-2750	33	27	the	the	DET
fbem-2750	33	28	uncertainty	uncertainty	NOUN
fbem-2750	33	29	of	of	ADP
fbem-2750	33	30	economic	economic	ADJ
fbem-2750	33	31	policies	policy	NOUN
fbem-2750	33	32	,	,	PUNCT
fbem-2750	33	33	the	the	PRON
fbem-2750	33	34	lower	low	ADJ
fbem-2750	33	35	the	the	DET
fbem-2750	33	36	degree	degree	NOUN
fbem-2750	33	37	of	of	ADP
fbem-2750	33	38	short	short	ADJ
fbem-2750	33	39	loans	loan	NOUN
fbem-2750	33	40	and	and	CCONJ
fbem-2750	33	41	long	long	ADJ
fbem-2750	33	42	investments	investment	NOUN
fbem-2750	33	43	by	by	ADP
fbem-2750	33	44	firms[10	firms[10	NOUN
fbem-2750	33	45	]	]	PUNCT
fbem-2750	33	46	.	.	PUNCT
fbem-2750	34	1	ye	ye	INTJ
fbem-2750	34	2	et	et	PROPN
fbem-2750	34	3	al	al	PROPN
fbem-2750	34	4	.	.	PROPN
fbem-2750	35	1	(	(	PUNCT
fbem-2750	35	2	2021	2021	NUM
fbem-2750	35	3	)	)	PUNCT
fbem-2750	35	4	classify	classify	VERB
fbem-2750	35	5	firms	firm	NOUN
fbem-2750	35	6	into	into	ADP
fbem-2750	35	7	offensive	offensive	ADJ
fbem-2750	35	8	and	and	CCONJ
fbem-2750	35	9	defensive	defensive	ADJ
fbem-2750	35	10	types	type	NOUN
fbem-2750	35	11	and	and	CCONJ
fbem-2750	35	12	analyze	analyze	VERB
fbem-2750	35	13	them	they	PRON
fbem-2750	35	14	from	from	ADP
fbem-2750	35	15	the	the	DET
fbem-2750	35	16	perspective	perspective	NOUN
fbem-2750	35	17	of	of	ADP
fbem-2750	35	18	information	information	NOUN
fbem-2750	35	19	asymmetry	asymmetry	NOUN
fbem-2750	35	20	theory	theory	NOUN
fbem-2750	35	21	and	and	CCONJ
fbem-2750	35	22	agency	agency	NOUN
fbem-2750	35	23	theory	theory	NOUN
fbem-2750	35	24	and	and	CCONJ
fbem-2750	35	25	other	other	ADJ
fbem-2750	35	26	perspectives	perspective	NOUN
fbem-2750	35	27	to	to	PART
fbem-2750	35	28	find	find	VERB
fbem-2750	35	29	that	that	SCONJ
fbem-2750	35	30	the	the	DET
fbem-2750	35	31	degree	degree	NOUN
fbem-2750	35	32	of	of	ADP
fbem-2750	35	33	short	short	ADJ
fbem-2750	35	34	loans	loan	NOUN
fbem-2750	35	35	and	and	CCONJ
fbem-2750	35	36	long	long	ADJ
fbem-2750	35	37	investments	investment	NOUN
fbem-2750	35	38	will	will	AUX
fbem-2750	35	39	be	be	AUX
fbem-2750	35	40	more	more	ADV
fbem-2750	35	41	severe	severe	ADJ
fbem-2750	35	42	for	for	ADP
fbem-2750	35	43	offensive	offensive	ADJ
fbem-2750	35	44	firms[11	firms[11	PROPN
fbem-2750	35	45	]	]	PUNCT
fbem-2750	35	46	.	.	PUNCT
fbem-2750	36	1	2.3	2.3	NUM
fbem-2750	36	2	.	.	PUNCT
fbem-2750	37	1	digital	digital	ADJ
fbem-2750	37	2	transformation	transformation	NOUN
fbem-2750	37	3	has	have	VERB
fbem-2750	37	4	a	a	DET
fbem-2750	37	5	dampening	dampening	ADJ
fbem-2750	37	6	effect	effect	NOUN
fbem-2750	37	7	on	on	ADP
fbem-2750	37	8	short	short	ADJ
fbem-2750	37	9	term	term	NOUN
fbem-2750	37	10	loans	loan	NOUN
fbem-2750	37	11	and	and	CCONJ
fbem-2750	37	12	long	long	ADJ
fbem-2750	37	13	term	term	NOUN
fbem-2750	37	14	investments	investment	NOUN
fbem-2750	37	15	of	of	ADP
fbem-2750	37	16	enterprises	enterprise	NOUN
fbem-2750	37	17	huang	huang	PROPN
fbem-2750	37	18	dayu	dayu	PROPN
fbem-2750	37	19	(	(	PUNCT
fbem-2750	37	20	2022	2022	NUM
fbem-2750	37	21	)	)	PUNCT
fbem-2750	37	22	argues	argue	VERB
fbem-2750	37	23	that	that	SCONJ
fbem-2750	37	24	digital	digital	ADJ
fbem-2750	37	25	transformation	transformation	NOUN
fbem-2750	37	26	can	can	AUX
fbem-2750	37	27	provide	provide	VERB
fbem-2750	37	28	a	a	DET
fbem-2750	37	29	stronger	strong	ADJ
fbem-2750	37	30	information	information	NOUN
fbem-2750	37	31	base	base	NOUN
fbem-2750	37	32	for	for	ADP
fbem-2750	37	33	firms	firm	NOUN
fbem-2750	37	34	'	'	PART
fbem-2750	37	35	investment	investment	NOUN
fbem-2750	37	36	and	and	CCONJ
fbem-2750	37	37	financing	financing	NOUN
fbem-2750	37	38	strategies	strategy	NOUN
fbem-2750	37	39	,	,	PUNCT
fbem-2750	37	40	which	which	PRON
fbem-2750	37	41	helps	help	VERB
fbem-2750	37	42	to	to	PART
fbem-2750	37	43	obtain	obtain	VERB
fbem-2750	37	44	more	more	ADJ
fbem-2750	37	45	investment	investment	NOUN
fbem-2750	37	46	projects	project	NOUN
fbem-2750	37	47	and	and	CCONJ
fbem-2750	37	48	broaden	broaden	VERB
fbem-2750	37	49	financing	financing	NOUN
fbem-2750	37	50	channels	channel	NOUN
fbem-2750	37	51	,	,	PUNCT
fbem-2750	37	52	thus	thus	ADV
fbem-2750	37	53	reducing	reduce	VERB
fbem-2750	37	54	the	the	DET
fbem-2750	37	55	behavior	behavior	NOUN
fbem-2750	37	56	of	of	ADP
fbem-2750	37	57	firms	firm	NOUN
fbem-2750	37	58	taking	take	VERB
fbem-2750	37	59	short	short	ADJ
fbem-2750	37	60	loans	loan	NOUN
fbem-2750	37	61	and	and	CCONJ
fbem-2750	37	62	investing	invest	VERB
fbem-2750	37	63	long[6	long[6	PROPN
fbem-2750	37	64	]	]	PUNCT
fbem-2750	37	65	.	.	PUNCT
fbem-2750	38	1	firms	firm	NOUN
fbem-2750	38	2	that	that	PRON
fbem-2750	38	3	undergo	undergo	VERB
fbem-2750	38	4	digital	digital	ADJ
fbem-2750	38	5	transformation	transformation	NOUN
fbem-2750	38	6	tend	tend	VERB
fbem-2750	38	7	to	to	PART
fbem-2750	38	8	invest	invest	VERB
fbem-2750	38	9	more	more	ADV
fbem-2750	38	10	in	in	ADP
fbem-2750	38	11	r&d	r&d	NOUN
fbem-2750	38	12	,	,	PUNCT
fbem-2750	38	13	promote	promote	VERB
fbem-2750	38	14	operational	operational	ADJ
fbem-2750	38	15	efficiency	efficiency	NOUN
fbem-2750	38	16	,	,	PUNCT
fbem-2750	38	17	and	and	CCONJ
fbem-2750	38	18	do	do	VERB
fbem-2750	38	19	more	more	ADJ
fbem-2750	38	20	with	with	ADP
fbem-2750	38	21	less	less	ADJ
fbem-2750	38	22	,	,	PUNCT
fbem-2750	38	23	improve	improve	VERB
fbem-2750	38	24	the	the	DET
fbem-2750	38	25	utilization	utilization	NOUN
fbem-2750	38	26	of	of	ADP
fbem-2750	38	27	resources	resource	NOUN
fbem-2750	38	28	,	,	PUNCT
fbem-2750	38	29	and	and	CCONJ
fbem-2750	38	30	thus	thus	ADV
fbem-2750	38	31	attract	attract	VERB
fbem-2750	38	32	more	more	ADJ
fbem-2750	38	33	investment	investment	NOUN
fbem-2750	38	34	(	(	PUNCT
fbem-2750	38	35	wu	wu	PROPN
fbem-2750	38	36	,	,	PUNCT
fbem-2750	38	37	f.	f.	PROPN
fbem-2750	38	38	,	,	PUNCT
fbem-2750	38	39	2021)[5	2021)[5	PROPN
fbem-2750	38	40	]	]	PUNCT
fbem-2750	38	41	,	,	PUNCT
fbem-2750	38	42	and	and	CCONJ
fbem-2750	38	43	reduce	reduce	VERB
fbem-2750	38	44	firms	firm	NOUN
fbem-2750	38	45	'	'	PART
fbem-2750	38	46	shortterm	shortterm	PROPN
fbem-2750	38	47	lending	lending	NOUN
fbem-2750	38	48	efforts	effort	NOUN
fbem-2750	38	49	.	.	PUNCT
fbem-2750	39	1	deng	deng	PROPN
fbem-2750	39	2	bo	bo	PROPN
fbem-2750	39	3	(	(	PUNCT
fbem-2750	39	4	2022	2022	NUM
fbem-2750	39	5	)	)	PUNCT
fbem-2750	39	6	argues	argue	VERB
fbem-2750	39	7	that	that	SCONJ
fbem-2750	39	8	digital	digital	ADJ
fbem-2750	39	9	transformation	transformation	NOUN
fbem-2750	39	10	enhances	enhance	VERB
fbem-2750	39	11	the	the	DET
fbem-2750	39	12	ability	ability	NOUN
fbem-2750	39	13	of	of	ADP
fbem-2750	39	14	firms	firm	NOUN
fbem-2750	39	15	to	to	PART
fbem-2750	39	16	invest	invest	VERB
fbem-2750	39	17	,	,	PUNCT
fbem-2750	39	18	thus	thus	ADV
fbem-2750	39	19	greatly	greatly	ADV
fbem-2750	39	20	increasing	increase	VERB
fbem-2750	39	21	the	the	DET
fbem-2750	39	22	effective	effective	ADJ
fbem-2750	39	23	investment	investment	NOUN
fbem-2750	39	24	rate[12	rate[12	NOUN
fbem-2750	39	25	]	]	PUNCT
fbem-2750	39	26	,	,	PUNCT
fbem-2750	39	27	and	and	CCONJ
fbem-2750	39	28	also	also	ADV
fbem-2750	39	29	helps	help	VERB
fbem-2750	39	30	to	to	PART
fbem-2750	39	31	promote	promote	VERB
fbem-2750	39	32	the	the	DET
fbem-2750	39	33	health	health	NOUN
fbem-2750	39	34	of	of	ADP
fbem-2750	39	35	firms	firm	NOUN
fbem-2750	39	36	'	'	PART
fbem-2750	39	37	lending	lending	NOUN
fbem-2750	39	38	and	and	CCONJ
fbem-2750	39	39	financing	financing	NOUN
fbem-2750	39	40	strategies	strategy	NOUN
fbem-2750	39	41	.	.	PUNCT
fbem-2750	40	1	digital	digital	ADJ
fbem-2750	40	2	transformation	transformation	NOUN
fbem-2750	40	3	can	can	AUX
fbem-2750	40	4	prompt	prompt	VERB
fbem-2750	40	5	enterprises	enterprise	NOUN
fbem-2750	40	6	to	to	PART
fbem-2750	40	7	adjust	adjust	VERB
fbem-2750	40	8	and	and	CCONJ
fbem-2750	40	9	improve	improve	VERB
fbem-2750	40	10	their	their	PRON
fbem-2750	40	11	investment	investment	NOUN
fbem-2750	40	12	and	and	CCONJ
fbem-2750	40	13	financing	financing	NOUN
fbem-2750	40	14	behaviors	behavior	NOUN
fbem-2750	40	15	and	and	CCONJ
fbem-2750	40	16	reduce	reduce	VERB
fbem-2750	40	17	the	the	DET
fbem-2750	40	18	cost	cost	NOUN
fbem-2750	40	19	of	of	ADP
fbem-2750	40	20	financing	financing	NOUN
fbem-2750	40	21	,	,	PUNCT
fbem-2750	40	22	which	which	PRON
fbem-2750	40	23	is	be	AUX
fbem-2750	40	24	conducive	conducive	ADJ
fbem-2750	40	25	to	to	PART
fbem-2750	40	26	cost	cost	VERB
fbem-2750	40	27	savings	saving	NOUN
fbem-2750	40	28	and	and	CCONJ
fbem-2750	40	29	thus	thus	ADV
fbem-2750	40	30	investment	investment	NOUN
fbem-2750	40	31	in	in	ADP
fbem-2750	40	32	development	development	NOUN
fbem-2750	40	33	,	,	PUNCT
fbem-2750	40	34	and	and	CCONJ
fbem-2750	40	35	also	also	ADV
fbem-2750	40	36	to	to	ADP
fbem-2750	40	37	a	a	DET
fbem-2750	40	38	certain	certain	ADJ
fbem-2750	40	39	extent	extent	NOUN
fbem-2750	40	40	inhibits	inhibit	VERB
fbem-2750	40	41	the	the	DET
fbem-2750	40	42	behavior	behavior	NOUN
fbem-2750	40	43	of	of	ADP
fbem-2750	40	44	short	short	ADJ
fbem-2750	40	45	term	term	NOUN
fbem-2750	40	46	loans	loan	NOUN
fbem-2750	40	47	and	and	CCONJ
fbem-2750	40	48	long	long	ADJ
fbem-2750	40	49	term	term	NOUN
fbem-2750	40	50	investments	investment	NOUN
fbem-2750	40	51	.	.	PUNCT
fbem-2750	41	1	based	base	VERB
fbem-2750	41	2	on	on	ADP
fbem-2750	41	3	the	the	DET
fbem-2750	41	4	above	above	ADJ
fbem-2750	41	5	review	review	NOUN
fbem-2750	41	6	of	of	ADP
fbem-2750	41	7	the	the	DET
fbem-2750	41	8	literature	literature	NOUN
fbem-2750	41	9	,	,	PUNCT
fbem-2750	41	10	this	this	DET
fbem-2750	41	11	paper	paper	NOUN
fbem-2750	41	12	proposes	propose	VERB
fbem-2750	41	13	the	the	DET
fbem-2750	41	14	core	core	NOUN
fbem-2750	41	15	research	research	NOUN
fbem-2750	41	16	hypothesis	hypothesis	NOUN
fbem-2750	41	17	.	.	PUNCT
fbem-2750	42	1	hypothesis	hypothesis	NOUN
fbem-2750	42	2	:	:	PUNCT
fbem-2750	42	3	other	other	ADJ
fbem-2750	42	4	things	thing	NOUN
fbem-2750	42	5	being	be	AUX
fbem-2750	42	6	equal	equal	ADJ
fbem-2750	42	7	,	,	PUNCT
fbem-2750	42	8	digital	digital	ADJ
fbem-2750	42	9	transformation	transformation	NOUN
fbem-2750	42	10	is	be	AUX
fbem-2750	42	11	effective	effective	ADJ
fbem-2750	42	12	in	in	ADP
fbem-2750	42	13	curbing	curb	VERB
fbem-2750	42	14	short	short	ADJ
fbem-2750	42	15	term	term	NOUN
fbem-2750	42	16	lending	lending	NOUN
fbem-2750	42	17	and	and	CCONJ
fbem-2750	42	18	long	long	ADJ
fbem-2750	42	19	term	term	NOUN
fbem-2750	42	20	investment	investment	NOUN
fbem-2750	42	21	behavior	behavior	NOUN
fbem-2750	42	22	of	of	ADP
fbem-2750	42	23	firms	firm	NOUN
fbem-2750	42	24	.	.	PUNCT
fbem-2750	43	1	3	3	X
fbem-2750	43	2	.	.	X
fbem-2750	43	3	sample	sample	NOUN
fbem-2750	43	4	selection	selection	NOUN
fbem-2750	43	5	and	and	CCONJ
fbem-2750	43	6	research	research	NOUN
fbem-2750	43	7	methodology	methodology	NOUN
fbem-2750	43	8	3.1	3.1	NUM
fbem-2750	43	9	.	.	PUNCT
fbem-2750	43	10	sample	sample	NOUN
fbem-2750	43	11	selection	selection	NOUN
fbem-2750	43	12	and	and	CCONJ
fbem-2750	43	13	data	datum	NOUN
fbem-2750	43	14	sources	source	NOUN
fbem-2750	43	15	in	in	ADP
fbem-2750	43	16	this	this	DET
fbem-2750	43	17	study	study	NOUN
fbem-2750	43	18	,	,	PUNCT
fbem-2750	43	19	11	11	NUM
fbem-2750	43	20	years	year	NOUN
fbem-2750	43	21	of	of	ADP
fbem-2750	43	22	financial	financial	ADJ
fbem-2750	43	23	data	datum	NOUN
fbem-2750	43	24	of	of	ADP
fbem-2750	43	25	shanghai	shanghai	PROPN
fbem-2750	43	26	and	and	CCONJ
fbem-2750	43	27	shenzhen	shenzhen	PROPN
fbem-2750	43	28	a	a	PROPN
fbem-2750	43	29	-	-	PUNCT
fbem-2750	43	30	share	share	NOUN
fbem-2750	43	31	companies	company	NOUN
fbem-2750	43	32	from	from	ADP
fbem-2750	43	33	2011	2011	NUM
fbem-2750	43	34	-	-	SYM
fbem-2750	43	35	2021	2021	NUM
fbem-2750	43	36	were	be	AUX
fbem-2750	43	37	selected	select	VERB
fbem-2750	43	38	as	as	ADP
fbem-2750	43	39	the	the	DET
fbem-2750	43	40	initial	initial	ADJ
fbem-2750	43	41	sample	sample	NOUN
fbem-2750	43	42	,	,	PUNCT
fbem-2750	43	43	and	and	CCONJ
fbem-2750	43	44	the	the	DET
fbem-2750	43	45	sample	sample	NOUN
fbem-2750	43	46	data	datum	NOUN
fbem-2750	43	47	were	be	AUX
fbem-2750	43	48	processed	process	VERB
fbem-2750	43	49	as	as	SCONJ
fbem-2750	43	50	follows	follow	VERB
fbem-2750	43	51	:	:	PUNCT
fbem-2750	43	52	1	1	X
fbem-2750	43	53	.	.	X
fbem-2750	43	54	individual	individual	ADJ
fbem-2750	43	55	sample	sample	NOUN
fbem-2750	43	56	companies	company	NOUN
fbem-2750	43	57	with	with	ADP
fbem-2750	43	58	missing	miss	VERB
fbem-2750	43	59	data	datum	NOUN
fbem-2750	43	60	or	or	CCONJ
fbem-2750	43	61	incomplete	incomplete	ADJ
fbem-2750	43	62	master	master	NOUN
fbem-2750	43	63	data	datum	NOUN
fbem-2750	43	64	were	be	AUX
fbem-2750	43	65	removed	remove	VERB
fbem-2750	43	66	;	;	PUNCT
fbem-2750	43	67	2	2	X
fbem-2750	43	68	.	.	X
fbem-2750	43	69	data	datum	NOUN
fbem-2750	43	70	of	of	ADP
fbem-2750	43	71	st	st	PROPN
fbem-2750	43	72	and	and	CCONJ
fbem-2750	43	73	financial	financial	ADJ
fbem-2750	43	74	companies	company	NOUN
fbem-2750	43	75	were	be	AUX
fbem-2750	43	76	excluded	exclude	VERB
fbem-2750	43	77	;	;	PUNCT
fbem-2750	43	78	3	3	X
fbem-2750	43	79	.	.	X
fbem-2750	44	1	the	the	DET
fbem-2750	44	2	data	data	NOUN
fbem-2750	44	3	sample	sample	NOUN
fbem-2750	44	4	was	be	AUX
fbem-2750	44	5	reduced	reduce	VERB
fbem-2750	44	6	by	by	ADP
fbem-2750	44	7	1	1	NUM
fbem-2750	44	8	%	%	NOUN
fbem-2750	44	9	up	up	ADP
fbem-2750	44	10	and	and	CCONJ
fbem-2750	44	11	down	down	ADV
fbem-2750	44	12	using	use	VERB
fbem-2750	44	13	stata	stata	ADJ
fbem-2750	44	14	statistical	statistical	ADJ
fbem-2750	44	15	software	software	NOUN
fbem-2750	44	16	;	;	PUNCT
fbem-2750	44	17	4	4	X
fbem-2750	44	18	.	.	X
fbem-2750	44	19	test	test	NOUN
fbem-2750	44	20	to	to	PART
fbem-2750	44	21	remove	remove	VERB
fbem-2750	44	22	obviously	obviously	ADV
fbem-2750	44	23	unreasonable	unreasonable	ADJ
fbem-2750	44	24	sample	sample	NOUN
fbem-2750	44	25	data	datum	NOUN
fbem-2750	44	26	.	.	PUNCT
fbem-2750	45	1	there	there	PRON
fbem-2750	45	2	is	be	VERB
fbem-2750	45	3	no	no	DET
fbem-2750	45	4	clear	clear	ADJ
fbem-2750	45	5	calculation	calculation	NOUN
fbem-2750	45	6	standard	standard	NOUN
fbem-2750	45	7	to	to	PART
fbem-2750	45	8	measure	measure	VERB
fbem-2750	45	9	digital	digital	ADJ
fbem-2750	45	10	transformation	transformation	NOUN
fbem-2750	45	11	,	,	PUNCT
fbem-2750	45	12	and	and	CCONJ
fbem-2750	45	13	this	this	DET
fbem-2750	45	14	paper	paper	NOUN
fbem-2750	45	15	intends	intend	VERB
fbem-2750	45	16	to	to	PART
fbem-2750	45	17	find	find	VERB
fbem-2750	45	18	the	the	DET
fbem-2750	45	19	number	number	NOUN
fbem-2750	45	20	of	of	ADP
fbem-2750	45	21	keyword	keyword	NOUN
fbem-2750	45	22	occurrences	occurrence	NOUN
fbem-2750	45	23	in	in	ADP
fbem-2750	45	24	the	the	DET
fbem-2750	45	25	annual	annual	ADJ
fbem-2750	45	26	reports	report	NOUN
fbem-2750	45	27	of	of	ADP
fbem-2750	45	28	enterprises	enterprise	NOUN
fbem-2750	45	29	from	from	ADP
fbem-2750	45	30	the	the	DET
fbem-2750	45	31	official	official	ADJ
fbem-2750	45	32	website	website	NOUN
fbem-2750	45	33	of	of	ADP
fbem-2750	45	34	shanghai	shanghai	PROPN
fbem-2750	45	35	stock	stock	PROPN
fbem-2750	45	36	exchange	exchange	PROPN
fbem-2750	45	37	to	to	PART
fbem-2750	45	38	represent	represent	VERB
fbem-2750	45	39	the	the	DET
fbem-2750	45	40	degree	degree	NOUN
fbem-2750	45	41	of	of	ADP
fbem-2750	45	42	digital	digital	ADJ
fbem-2750	45	43	transformation	transformation	NOUN
fbem-2750	45	44	based	base	VERB
fbem-2750	45	45	on	on	ADP
fbem-2750	45	46	wu	wu	PROPN
fbem-2750	45	47	fei	fei	PROPN
fbem-2750	45	48	et	et	PROPN
fbem-2750	45	49	al	al	PROPN
fbem-2750	45	50	.	.	PROPN
fbem-2750	46	1	(	(	PUNCT
fbem-2750	46	2	2021)[5	2021)[5	PROPN
fbem-2750	46	3	]	]	PUNCT
fbem-2750	46	4	.	.	PUNCT
fbem-2750	47	1	in	in	ADP
fbem-2750	47	2	order	order	NOUN
fbem-2750	47	3	to	to	PART
fbem-2750	47	4	ensure	ensure	VERB
fbem-2750	47	5	a	a	DET
fbem-2750	47	6	more	more	ADV
fbem-2750	47	7	comprehensive	comprehensive	ADJ
fbem-2750	47	8	and	and	CCONJ
fbem-2750	47	9	complete	complete	ADJ
fbem-2750	47	10	coverage	coverage	NOUN
fbem-2750	47	11	of	of	ADP
fbem-2750	47	12	the	the	DET
fbem-2750	47	13	sample	sample	NOUN
fbem-2750	47	14	data	datum	NOUN
fbem-2750	47	15	,	,	PUNCT
fbem-2750	47	16	this	this	DET
fbem-2750	47	17	data	data	NOUN
fbem-2750	47	18	is	be	AUX
fbem-2750	47	19	basically	basically	ADV
fbem-2750	47	20	obtained	obtain	VERB
fbem-2750	47	21	from	from	ADP
fbem-2750	47	22	csmar	csmar	PROPN
fbem-2750	47	23	,	,	PUNCT
fbem-2750	47	24	and	and	CCONJ
fbem-2750	47	25	stata	stata	VERB
fbem-2750	47	26	and	and	CCONJ
fbem-2750	47	27	spss	spss	PROPN
fbem-2750	47	28	software	software	NOUN
fbem-2750	47	29	are	be	AUX
fbem-2750	47	30	used	use	VERB
fbem-2750	47	31	for	for	ADP
fbem-2750	47	32	data	datum	NOUN
fbem-2750	47	33	correlation	correlation	NOUN
fbem-2750	47	34	analysis	analysis	NOUN
fbem-2750	47	35	.	.	PUNCT
fbem-2750	48	1	3.2	3.2	NUM
fbem-2750	48	2	.	.	PUNCT
fbem-2750	49	1	variable	variable	ADJ
fbem-2750	49	2	definition	definition	NOUN
fbem-2750	49	3	and	and	CCONJ
fbem-2750	49	4	description	description	NOUN
fbem-2750	49	5	3.2.1	3.2.1	NUM
fbem-2750	49	6	.	.	PUNCT
fbem-2750	50	1	dependent	dependent	ADJ
fbem-2750	50	2	variable	variable	NOUN
fbem-2750	50	3	and	and	CCONJ
fbem-2750	50	4	its	its	PRON
fbem-2750	50	5	calculation	calculation	NOUN
fbem-2750	50	6	short	short	ADJ
fbem-2750	50	7	term	term	NOUN
fbem-2750	50	8	loan	loan	NOUN
fbem-2750	50	9	long	long	ADJ
fbem-2750	50	10	term	term	NOUN
fbem-2750	50	11	investment	investment	NOUN
fbem-2750	50	12	(	(	PUNCT
fbem-2750	50	13	sfli	sfli	NOUN
fbem-2750	50	14	)	)	PUNCT
fbem-2750	50	15	"	"	PUNCT
fbem-2750	50	16	short	short	ADJ
fbem-2750	50	17	-	-	PUNCT
fbem-2750	50	18	term	term	NOUN
fbem-2750	50	19	loans	loan	NOUN
fbem-2750	50	20	for	for	ADP
fbem-2750	50	21	long	long	ADJ
fbem-2750	50	22	-	-	PUNCT
fbem-2750	50	23	term	term	NOUN
fbem-2750	50	24	investment	investment	NOUN
fbem-2750	50	25	"	"	PUNCT
fbem-2750	50	26	is	be	AUX
fbem-2750	50	27	a	a	DET
fbem-2750	50	28	long	long	ADJ
fbem-2750	50	29	-	-	PUNCT
fbem-2750	50	30	term	term	NOUN
fbem-2750	50	31	investment	investment	NOUN
fbem-2750	50	32	and	and	CCONJ
fbem-2750	50	33	financing	financing	NOUN
fbem-2750	50	34	instrument	instrument	NOUN
fbem-2750	50	35	using	use	VERB
fbem-2750	50	36	short	short	ADJ
fbem-2750	50	37	-	-	PUNCT
fbem-2750	50	38	term	term	NOUN
fbem-2750	50	39	loans	loan	NOUN
fbem-2750	50	40	,	,	PUNCT
fbem-2750	50	41	and	and	CCONJ
fbem-2750	50	42	its	its	PRON
fbem-2750	50	43	investment	investment	NOUN
fbem-2750	50	44	and	and	CCONJ
fbem-2750	50	45	financing	financing	NOUN
fbem-2750	50	46	term	term	NOUN
fbem-2750	50	47	structure	structure	NOUN
fbem-2750	50	48	is	be	AUX
fbem-2750	50	49	substantially	substantially	ADV
fbem-2750	50	50	misaligned	misalign	VERB
fbem-2750	50	51	.	.	PUNCT
fbem-2750	51	1	there	there	PRON
fbem-2750	51	2	are	be	VERB
fbem-2750	51	3	various	various	ADJ
fbem-2750	51	4	methods	method	NOUN
fbem-2750	51	5	to	to	PART
fbem-2750	51	6	calculate	calculate	VERB
fbem-2750	51	7	the	the	DET
fbem-2750	51	8	measurement	measurement	NOUN
fbem-2750	51	9	of	of	ADP
fbem-2750	51	10	short	short	ADJ
fbem-2750	51	11	term	term	NOUN
fbem-2750	51	12	loans	loan	NOUN
fbem-2750	51	13	and	and	CCONJ
fbem-2750	51	14	long	long	ADJ
fbem-2750	51	15	term	term	NOUN
fbem-2750	51	16	investments	investment	NOUN
fbem-2750	51	17	,	,	PUNCT
fbem-2750	51	18	one	one	NUM
fbem-2750	51	19	of	of	ADP
fbem-2750	51	20	which	which	PRON
fbem-2750	51	21	is	be	AUX
fbem-2750	51	22	to	to	PART
fbem-2750	51	23	choose	choose	VERB
fbem-2750	51	24	the	the	DET
fbem-2750	51	25	short	short	ADJ
fbem-2750	51	26	-	-	PUNCT
fbem-2750	51	27	term	term	NOUN
fbem-2750	51	28	debt	debt	NOUN
fbem-2750	51	29	ratio	ratio	NOUN
fbem-2750	51	30	to	to	ADP
fbem-2750	51	31	short	short	ADJ
fbem-2750	51	32	-	-	PUNCT
fbem-2750	51	33	term	term	NOUN
fbem-2750	51	34	assets	asset	NOUN
fbem-2750	51	35	ratio	ratio	NOUN
fbem-2750	51	36	as	as	ADP
fbem-2750	51	37	a	a	DET
fbem-2750	51	38	reference	reference	NOUN
fbem-2750	51	39	indicator	indicator	NOUN
fbem-2750	51	40	for	for	ADP
fbem-2750	51	41	short	short	ADJ
fbem-2750	51	42	-	-	PUNCT
fbem-2750	51	43	term	term	NOUN
fbem-2750	51	44	and	and	CCONJ
fbem-2750	51	45	long	long	ADJ
fbem-2750	51	46	-	-	PUNCT
fbem-2750	51	47	term	term	NOUN
fbem-2750	51	48	investments	investment	NOUN
fbem-2750	51	49	,	,	PUNCT
fbem-2750	51	50	reflecting	reflect	VERB
fbem-2750	51	51	the	the	DET
fbem-2750	51	52	correspondence	correspondence	NOUN
fbem-2750	51	53	between	between	ADP
fbem-2750	51	54	the	the	DET
fbem-2750	51	55	debt	debt	NOUN
fbem-2750	51	56	repayment	repayment	NOUN
fbem-2750	51	57	structure	structure	NOUN
fbem-2750	51	58	and	and	CCONJ
fbem-2750	51	59	the	the	DET
fbem-2750	51	60	asset	asset	NOUN
fbem-2750	51	61	structure	structure	NOUN
fbem-2750	51	62	of	of	ADP
fbem-2750	51	63	the	the	DET
fbem-2750	51	64	enterprise	enterprise	NOUN
fbem-2750	51	65	;	;	PUNCT
fbem-2750	51	66	the	the	DET
fbem-2750	51	67	other	other	ADJ
fbem-2750	51	68	is	be	AUX
fbem-2750	51	69	to	to	PART
fbem-2750	51	70	calculate	calculate	VERB
fbem-2750	51	71	the	the	DET
fbem-2750	51	72	corresponding	correspond	VERB
fbem-2750	51	73	data	datum	NOUN
fbem-2750	51	74	results	result	NOUN
fbem-2750	51	75	according	accord	VERB
fbem-2750	51	76	to	to	ADP
fbem-2750	51	77	the	the	DET
fbem-2750	51	78	formula	formula	NOUN
fbem-2750	51	79	.	.	PUNCT
fbem-2750	52	1	short	short	ADJ
fbem-2750	52	2	-	-	PUNCT
fbem-2750	52	3	term	term	NOUN
fbem-2750	52	4	loans	loan	NOUN
fbem-2750	52	5	and	and	CCONJ
fbem-2750	52	6	long	long	ADJ
fbem-2750	52	7	-	-	PUNCT
fbem-2750	52	8	term	term	NOUN
fbem-2750	52	9	investments	investment	NOUN
fbem-2750	52	10	(	(	PUNCT
fbem-2750	52	11	sfli	sfli	NOUN
fbem-2750	52	12	)	)	PUNCT
fbem-2750	52	13	=	=	NOUN
fbem-2750	52	14	cash	cash	NOUN
fbem-2750	52	15	cost	cost	NOUN
fbem-2750	52	16	of	of	ADP
fbem-2750	52	17	investing	invest	VERB
fbem-2750	52	18	activities	activity	NOUN
fbem-2750	52	19	such	such	ADJ
fbem-2750	52	20	as	as	ADP
fbem-2750	52	21	acquisition	acquisition	NOUN
fbem-2750	52	22	and	and	CCONJ
fbem-2750	52	23	construction	construction	NOUN
fbem-2750	52	24	of	of	ADP
fbem-2750	52	25	fixed	fix	VERB
fbem-2750	52	26	assets	asset	NOUN
fbem-2750	52	27	(	(	PUNCT
fbem-2750	52	28	increase	increase	VERB
fbem-2750	52	29	in	in	ADP
fbem-2750	52	30	long	long	ADJ
fbem-2750	52	31	-	-	PUNCT
fbem-2750	52	32	term	term	NOUN
fbem-2750	52	33	borrowings	borrowing	NOUN
fbem-2750	52	34	in	in	ADP
fbem-2750	52	35	the	the	DET
fbem-2750	52	36	period	period	NOUN
fbem-2750	52	37	+	+	CCONJ
fbem-2750	52	38	increase	increase	NOUN
fbem-2750	52	39	in	in	ADP
fbem-2750	52	40	equity	equity	NOUN
fbem-2750	52	41	in	in	ADP
fbem-2750	52	42	the	the	DET
fbem-2750	52	43	period	period	NOUN
fbem-2750	52	44	+	+	CCONJ
fbem-2750	52	45	net	net	ADJ
fbem-2750	52	46	cash	cash	NOUN
fbem-2750	52	47	flow	flow	NOUN
fbem-2750	52	48	from	from	ADP
fbem-2750	52	49	operating	operate	VERB
fbem-2750	52	50	activities	activity	NOUN
fbem-2750	52	51	+	+	CCONJ
fbem-2750	52	52	inflow	inflow	NOUN
fbem-2750	52	53	of	of	ADP
fbem-2750	52	54	funds	fund	NOUN
fbem-2750	52	55	from	from	ADP
fbem-2750	52	56	the	the	DET
fbem-2750	52	57	sale	sale	NOUN
fbem-2750	52	58	of	of	ADP
fbem-2750	52	59	fixed	fix	VERB
fbem-2750	52	60	assets	asset	NOUN
fbem-2750	52	61	)	)	PUNCT
fbem-2750	52	62	.	.	PUNCT
fbem-2750	53	1	this	this	DET
fbem-2750	53	2	time	time	NOUN
fbem-2750	53	3	,	,	PUNCT
fbem-2750	53	4	the	the	DET
fbem-2750	53	5	second	second	ADJ
fbem-2750	53	6	method	method	NOUN
fbem-2750	53	7	is	be	AUX
fbem-2750	53	8	used	use	VERB
fbem-2750	53	9	to	to	PART
fbem-2750	53	10	measure	measure	VERB
fbem-2750	53	11	the	the	DET
fbem-2750	53	12	level	level	NOUN
fbem-2750	53	13	of	of	ADP
fbem-2750	53	14	short	short	ADJ
fbem-2750	53	15	term	term	NOUN
fbem-2750	53	16	loans	loan	NOUN
fbem-2750	53	17	and	and	CCONJ
fbem-2750	53	18	long	long	ADJ
fbem-2750	53	19	term	term	NOUN
fbem-2750	53	20	investments	investment	NOUN
fbem-2750	53	21	of	of	ADP
fbem-2750	53	22	enterprises	enterprise	NOUN
fbem-2750	53	23	.	.	PUNCT
fbem-2750	54	1	3.2.2	3.2.2	X
fbem-2750	54	2	.	.	PUNCT
fbem-2750	54	3	independent	independent	ADJ
fbem-2750	54	4	variable	variable	NOUN
fbem-2750	54	5	and	and	CCONJ
fbem-2750	54	6	its	its	PRON
fbem-2750	54	7	estimation	estimation	NOUN
fbem-2750	54	8	degree	degree	NOUN
fbem-2750	54	9	of	of	ADP
fbem-2750	54	10	digital	digital	ADJ
fbem-2750	54	11	transformation	transformation	NOUN
fbem-2750	54	12	(	(	PUNCT
fbem-2750	54	13	dcg	dcg	PROPN
fbem-2750	54	14	)	)	PUNCT
fbem-2750	54	15	digital	digital	ADJ
fbem-2750	54	16	transformation	transformation	NOUN
fbem-2750	54	17	is	be	AUX
fbem-2750	54	18	a	a	DET
fbem-2750	54	19	transformation	transformation	NOUN
fbem-2750	54	20	that	that	PRON
fbem-2750	54	21	uses	use	VERB
fbem-2750	54	22	modern	modern	ADJ
fbem-2750	54	23	technology	technology	NOUN
fbem-2750	54	24	and	and	CCONJ
fbem-2750	54	25	communication	communication	NOUN
fbem-2750	54	26	tools	tool	NOUN
fbem-2750	54	27	to	to	PART
fbem-2750	54	28	further	far	ADV
fbem-2750	54	29	touch	touch	VERB
fbem-2750	54	30	a	a	DET
fbem-2750	54	31	company	company	NOUN
fbem-2750	54	32	's	's	PART
fbem-2750	54	33	core	core	NOUN
fbem-2750	54	34	business	business	NOUN
fbem-2750	54	35	,	,	PUNCT
fbem-2750	54	36	aiming	aim	VERB
fbem-2750	54	37	to	to	PART
fbem-2750	54	38	create	create	VERB
fbem-2750	54	39	a	a	DET
fbem-2750	54	40	new	new	ADJ
fbem-2750	54	41	business	business	NOUN
fbem-2750	54	42	model	model	NOUN
fbem-2750	54	43	that	that	PRON
fbem-2750	54	44	changes	change	VERB
fbem-2750	54	45	the	the	DET
fbem-2750	54	46	high	high	ADJ
fbem-2750	54	47	-	-	PUNCT
fbem-2750	54	48	level	level	NOUN
fbem-2750	54	49	way	way	NOUN
fbem-2750	54	50	in	in	ADP
fbem-2750	54	51	which	which	PRON
fbem-2750	54	52	companies	company	NOUN
fbem-2750	54	53	create	create	VERB
fbem-2750	54	54	value	value	NOUN
fbem-2750	54	55	for	for	ADP
fbem-2750	54	56	their	their	PRON
fbem-2750	54	57	customers	customer	NOUN
fbem-2750	54	58	.	.	PUNCT
fbem-2750	55	1	currently	currently	ADV
fbem-2750	55	2	,	,	PUNCT
fbem-2750	55	3	there	there	PRON
fbem-2750	55	4	is	be	VERB
fbem-2750	55	5	no	no	DET
fbem-2750	55	6	clear	clear	ADJ
fbem-2750	55	7	formula	formula	NOUN
fbem-2750	55	8	for	for	ADP
fbem-2750	55	9	calculating	calculate	VERB
fbem-2750	55	10	digital	digital	ADJ
fbem-2750	55	11	transformation	transformation	NOUN
fbem-2750	55	12	indicators	indicator	NOUN
fbem-2750	55	13	,	,	PUNCT
fbem-2750	55	14	and	and	CCONJ
fbem-2750	55	15	previous	previous	ADJ
fbem-2750	55	16	studies	study	NOUN
fbem-2750	55	17	have	have	AUX
fbem-2750	55	18	mostly	mostly	ADV
fbem-2750	55	19	used	use	VERB
fbem-2750	55	20	textual	textual	ADJ
fbem-2750	55	21	indicators	indicator	NOUN
fbem-2750	55	22	43	43	NUM
fbem-2750	55	23	quantitatively	quantitatively	ADV
fbem-2750	55	24	,	,	PUNCT
fbem-2750	55	25	so	so	SCONJ
fbem-2750	55	26	this	this	DET
fbem-2750	55	27	paper	paper	NOUN
fbem-2750	55	28	uses	use	VERB
fbem-2750	55	29	five	five	NUM
fbem-2750	55	30	sub	sub	NOUN
fbem-2750	55	31	-	-	NOUN
fbem-2750	55	32	dimensions	dimension	NOUN
fbem-2750	55	33	of	of	ADP
fbem-2750	55	34	artificial	artificial	ADJ
fbem-2750	55	35	intelligence	intelligence	NOUN
fbem-2750	55	36	technology	technology	NOUN
fbem-2750	55	37	,	,	PUNCT
fbem-2750	55	38	big	big	ADJ
fbem-2750	55	39	data	datum	NOUN
fbem-2750	55	40	technology	technology	NOUN
fbem-2750	55	41	,	,	PUNCT
fbem-2750	55	42	cloud	cloud	NOUN
fbem-2750	55	43	computing	computing	NOUN
fbem-2750	55	44	technology	technology	NOUN
fbem-2750	55	45	,	,	PUNCT
fbem-2750	55	46	blockchain	blockchain	PROPN
fbem-2750	55	47	technology	technology	PROPN
fbem-2750	55	48	,	,	PUNCT
fbem-2750	55	49	and	and	CCONJ
fbem-2750	55	50	digital	digital	ADJ
fbem-2750	55	51	technology	technology	NOUN
fbem-2750	55	52	usage	usage	NOUN
fbem-2750	55	53	for	for	ADP
fbem-2750	55	54	textual	textual	ADJ
fbem-2750	55	55	analysis	analysis	NOUN
fbem-2750	55	56	,	,	PUNCT
fbem-2750	55	57	so	so	SCONJ
fbem-2750	55	58	as	as	SCONJ
fbem-2750	55	59	to	to	PART
fbem-2750	55	60	construct	construct	VERB
fbem-2750	55	61	two	two	NUM
fbem-2750	55	62	levels	level	NOUN
fbem-2750	55	63	of	of	ADP
fbem-2750	55	64	digital	digital	ADJ
fbem-2750	55	65	transformation	transformation	NOUN
fbem-2750	55	66	indicators	indicator	NOUN
fbem-2750	55	67	.	.	PUNCT
fbem-2750	56	1	relevant	relevant	ADJ
fbem-2750	56	2	software	software	NOUN
fbem-2750	56	3	is	be	AUX
fbem-2750	56	4	used	use	VERB
fbem-2750	56	5	to	to	PART
fbem-2750	56	6	extract	extract	VERB
fbem-2750	56	7	the	the	DET
fbem-2750	56	8	frequency	frequency	NOUN
fbem-2750	56	9	of	of	ADP
fbem-2750	56	10	key	key	ADJ
fbem-2750	56	11	words	word	NOUN
fbem-2750	56	12	appearing	appear	VERB
fbem-2750	56	13	in	in	ADP
fbem-2750	56	14	the	the	DET
fbem-2750	56	15	annual	annual	ADJ
fbem-2750	56	16	reports	report	NOUN
fbem-2750	56	17	of	of	ADP
fbem-2750	56	18	enterprises	enterprise	NOUN
fbem-2750	56	19	as	as	ADP
fbem-2750	56	20	a	a	DET
fbem-2750	56	21	measure	measure	NOUN
fbem-2750	56	22	of	of	ADP
fbem-2750	56	23	the	the	DET
fbem-2750	56	24	degree	degree	NOUN
fbem-2750	56	25	of	of	ADP
fbem-2750	56	26	digital	digital	ADJ
fbem-2750	56	27	transformation	transformation	NOUN
fbem-2750	56	28	.	.	PUNCT
fbem-2750	57	1	3.2.3	3.2.3	X
fbem-2750	57	2	.	.	X
fbem-2750	57	3	control	control	NOUN
fbem-2750	57	4	variables	variable	NOUN
fbem-2750	57	5	referring	refer	VERB
fbem-2750	57	6	to	to	ADP
fbem-2750	57	7	the	the	DET
fbem-2750	57	8	study	study	NOUN
fbem-2750	57	9	by	by	ADP
fbem-2750	57	10	guanchun	guanchun	PROPN
fbem-2750	57	11	liu	liu	PROPN
fbem-2750	57	12	(	(	PUNCT
fbem-2750	57	13	2022)[13	2022)[13	NUM
fbem-2750	57	14	]	]	PUNCT
fbem-2750	57	15	,	,	PUNCT
fbem-2750	57	16	the	the	DET
fbem-2750	57	17	corresponding	corresponding	ADJ
fbem-2750	57	18	variables	variable	NOUN
fbem-2750	57	19	selected	select	VERB
fbem-2750	57	20	to	to	PART
fbem-2750	57	21	reflect	reflect	VERB
fbem-2750	57	22	the	the	DET
fbem-2750	57	23	financial	financial	ADJ
fbem-2750	57	24	status	status	NOUN
fbem-2750	57	25	of	of	ADP
fbem-2750	57	26	the	the	DET
fbem-2750	57	27	firm	firm	NOUN
fbem-2750	57	28	are	be	AUX
fbem-2750	57	29	chosen	choose	VERB
fbem-2750	57	30	as	as	SCONJ
fbem-2750	57	31	follows	follow	VERB
fbem-2750	57	32	:	:	PUNCT
fbem-2750	57	33	firm	firm	ADJ
fbem-2750	57	34	age	age	NOUN
fbem-2750	57	35	(	(	PUNCT
fbem-2750	57	36	age	age	NOUN
fbem-2750	57	37	)	)	PUNCT
fbem-2750	57	38	,	,	PUNCT
fbem-2750	57	39	firm	firm	ADJ
fbem-2750	57	40	size	size	NOUN
fbem-2750	57	41	(	(	PUNCT
fbem-2750	57	42	size	size	NOUN
fbem-2750	57	43	)	)	PUNCT
fbem-2750	57	44	,	,	PUNCT
fbem-2750	57	45	gearing	gearing	NOUN
fbem-2750	57	46	(	(	PUNCT
fbem-2750	57	47	lev	lev	NOUN
fbem-2750	57	48	)	)	PUNCT
fbem-2750	57	49	,	,	PUNCT
fbem-2750	57	50	and	and	CCONJ
fbem-2750	57	51	growth	growth	NOUN
fbem-2750	57	52	(	(	PUNCT
fbem-2750	57	53	growth	growth	NOUN
fbem-2750	57	54	)	)	PUNCT
fbem-2750	57	55	,	,	PUNCT
fbem-2750	57	56	and	and	CCONJ
fbem-2750	57	57	to	to	PART
fbem-2750	57	58	further	far	ADV
fbem-2750	57	59	eliminate	eliminate	VERB
fbem-2750	57	60	the	the	DET
fbem-2750	57	61	intervention	intervention	NOUN
fbem-2750	57	62	of	of	ADP
fbem-2750	57	63	external	external	ADJ
fbem-2750	57	64	factors	factor	NOUN
fbem-2750	57	65	,	,	PUNCT
fbem-2750	57	66	year	year	NOUN
fbem-2750	57	67	and	and	CCONJ
fbem-2750	57	68	industry	industry	NOUN
fbem-2750	57	69	are	be	AUX
fbem-2750	57	70	introduced	introduce	VERB
fbem-2750	57	71	as	as	ADP
fbem-2750	57	72	dummy	dummy	ADJ
fbem-2750	57	73	variables	variable	NOUN
fbem-2750	57	74	.	.	PUNCT
fbem-2750	58	1	age	age	NOUN
fbem-2750	58	2	is	be	AUX
fbem-2750	58	3	the	the	DET
fbem-2750	58	4	logarithm	logarithm	NOUN
fbem-2750	58	5	of	of	ADP
fbem-2750	58	6	one	one	NUM
fbem-2750	58	7	plus	plus	CCONJ
fbem-2750	58	8	the	the	DET
fbem-2750	58	9	number	number	NOUN
fbem-2750	58	10	of	of	ADP
fbem-2750	58	11	years	year	NOUN
fbem-2750	58	12	the	the	DET
fbem-2750	58	13	firm	firm	NOUN
fbem-2750	58	14	has	have	AUX
fbem-2750	58	15	been	be	AUX
fbem-2750	58	16	established	establish	VERB
fbem-2750	58	17	,	,	PUNCT
fbem-2750	58	18	size	size	NOUN
fbem-2750	58	19	is	be	AUX
fbem-2750	58	20	the	the	DET
fbem-2750	58	21	logarithm	logarithm	NOUN
fbem-2750	58	22	of	of	ADP
fbem-2750	58	23	the	the	DET
fbem-2750	58	24	firm	firm	NOUN
fbem-2750	58	25	's	's	PART
fbem-2750	58	26	total	total	ADJ
fbem-2750	58	27	assets	asset	NOUN
fbem-2750	58	28	,	,	PUNCT
fbem-2750	58	29	lev	lev	NOUN
fbem-2750	58	30	is	be	AUX
fbem-2750	58	31	the	the	DET
fbem-2750	58	32	ratio	ratio	NOUN
fbem-2750	58	33	of	of	ADP
fbem-2750	58	34	total	total	ADJ
fbem-2750	58	35	liabilities	liability	NOUN
fbem-2750	58	36	to	to	AUX
fbem-2750	58	37	total	total	ADJ
fbem-2750	58	38	assets	asset	NOUN
fbem-2750	58	39	,	,	PUNCT
fbem-2750	58	40	and	and	CCONJ
fbem-2750	58	41	growth	growth	NOUN
fbem-2750	58	42	is	be	AUX
fbem-2750	58	43	the	the	DET
fbem-2750	58	44	annual	annual	ADJ
fbem-2750	58	45	growth	growth	NOUN
fbem-2750	58	46	rate	rate	NOUN
fbem-2750	58	47	of	of	ADP
fbem-2750	58	48	operating	operate	VERB
fbem-2750	58	49	income	income	NOUN
fbem-2750	58	50	.	.	PUNCT
fbem-2750	59	1	3.3	3.3	NUM
fbem-2750	59	2	.	.	PUNCT
fbem-2750	59	3	basic	basic	ADJ
fbem-2750	59	4	model	model	NOUN
fbem-2750	59	5	construction	construction	NOUN
fbem-2750	59	6	in	in	ADP
fbem-2750	59	7	order	order	NOUN
fbem-2750	59	8	to	to	PART
fbem-2750	59	9	investigate	investigate	VERB
fbem-2750	59	10	the	the	DET
fbem-2750	59	11	role	role	NOUN
fbem-2750	59	12	relationship	relationship	NOUN
fbem-2750	59	13	between	between	ADP
fbem-2750	59	14	digital	digital	ADJ
fbem-2750	59	15	transformation	transformation	NOUN
fbem-2750	59	16	and	and	CCONJ
fbem-2750	59	17	short	short	ADJ
fbem-2750	59	18	term	term	NOUN
fbem-2750	59	19	loans	loan	NOUN
fbem-2750	59	20	and	and	CCONJ
fbem-2750	59	21	long	long	ADJ
fbem-2750	59	22	term	term	NOUN
fbem-2750	59	23	investments	investment	NOUN
fbem-2750	59	24	of	of	ADP
fbem-2750	59	25	enterprises	enterprise	NOUN
fbem-2750	59	26	,	,	PUNCT
fbem-2750	59	27	the	the	DET
fbem-2750	59	28	following	follow	VERB
fbem-2750	59	29	model	model	NOUN
fbem-2750	59	30	is	be	AUX
fbem-2750	59	31	constructed	construct	VERB
fbem-2750	59	32	in	in	ADP
fbem-2750	59	33	this	this	DET
fbem-2750	59	34	paper	paper	NOUN
fbem-2750	59	35	.	.	PUNCT
fbem-2750	60	1	in	in	ADP
fbem-2750	60	2	the	the	DET
fbem-2750	60	3	above	above	ADJ
fbem-2750	60	4	model	model	NOUN
fbem-2750	60	5	,	,	PUNCT
fbem-2750	60	6	tisfli	tisfli	NOUN
fbem-2750	60	7	,	,	PUNCT
fbem-2750	60	8	denotes	denote	VERB
fbem-2750	60	9	the	the	DET
fbem-2750	60	10	level	level	NOUN
fbem-2750	60	11	of	of	ADP
fbem-2750	60	12	short	short	ADJ
fbem-2750	60	13	term	term	NOUN
fbem-2750	60	14	lending	lending	NOUN
fbem-2750	60	15	and	and	CCONJ
fbem-2750	60	16	long	long	ADJ
fbem-2750	60	17	term	term	NOUN
fbem-2750	60	18	investment	investment	NOUN
fbem-2750	60	19	of	of	ADP
fbem-2750	60	20	firm	firm	ADJ
fbem-2750	60	21	i	i	PRON
fbem-2750	60	22	in	in	ADP
fbem-2750	60	23	year	year	PROPN
fbem-2750	60	24	t	t	PROPN
fbem-2750	60	25	,	,	PUNCT
fbem-2750	60	26	tidcg	tidcg	NOUN
fbem-2750	60	27	,	,	PUNCT
fbem-2750	60	28	denotes	denote	VERB
fbem-2750	60	29	the	the	DET
fbem-2750	60	30	degree	degree	NOUN
fbem-2750	60	31	of	of	ADP
fbem-2750	60	32	digital	digital	ADJ
fbem-2750	60	33	transformation	transformation	NOUN
fbem-2750	60	34	of	of	ADP
fbem-2750	60	35	firm	firm	ADJ
fbem-2750	60	36	i	i	PRON
fbem-2750	60	37	in	in	ADP
fbem-2750	60	38	year	year	NOUN
fbem-2750	60	39	t	t	PROPN
fbem-2750	60	40	,	,	PUNCT
fbem-2750	60	41	ticontrols	ticontrol	NOUN
fbem-2750	60	42	,	,	PUNCT
fbem-2750	60	43	is	be	AUX
fbem-2750	60	44	the	the	DET
fbem-2750	60	45	overall	overall	ADJ
fbem-2750	60	46	control	control	NOUN
fbem-2750	60	47	variable	variable	NOUN
fbem-2750	60	48	,	,	PUNCT
fbem-2750	60	49	tyear	tyear	NOUN
fbem-2750	60	50	and	and	CCONJ
fbem-2750	60	51	uind	uind	NOUN
fbem-2750	60	52	are	be	AUX
fbem-2750	60	53	the	the	DET
fbem-2750	60	54	dummy	dummy	ADJ
fbem-2750	60	55	variables	variable	NOUN
fbem-2750	60	56	for	for	ADP
fbem-2750	60	57	year	year	NOUN
fbem-2750	60	58	and	and	CCONJ
fbem-2750	60	59	industry	industry	NOUN
fbem-2750	60	60	respectively	respectively	ADV
fbem-2750	60	61	,	,	PUNCT
fbem-2750	60	62	and	and	CCONJ
fbem-2750	60	63	ti,	ti,	PROPN
fbem-2750	60	64	is	be	AUX
fbem-2750	60	65	the	the	DET
fbem-2750	60	66	error	error	NOUN
fbem-2750	60	67	term	term	NOUN
fbem-2750	60	68	.	.	PUNCT
fbem-2750	61	1	4	4	X
fbem-2750	61	2	.	.	X
fbem-2750	61	3	empirical	empirical	ADJ
fbem-2750	61	4	test	test	NOUN
fbem-2750	61	5	and	and	CCONJ
fbem-2750	61	6	analysis	analysis	NOUN
fbem-2750	61	7	4.1	4.1	NUM
fbem-2750	61	8	.	.	PUNCT
fbem-2750	62	1	descriptive	descriptive	ADJ
fbem-2750	62	2	statistics	statistic	NOUN
fbem-2750	62	3	the	the	DET
fbem-2750	62	4	descriptive	descriptive	ADJ
fbem-2750	62	5	statistical	statistical	ADJ
fbem-2750	62	6	analysis	analysis	NOUN
fbem-2750	62	7	of	of	ADP
fbem-2750	62	8	the	the	DET
fbem-2750	62	9	11292	11292	NUM
fbem-2750	62	10	data	datum	NOUN
fbem-2750	62	11	collected	collect	VERB
fbem-2750	62	12	was	be	AUX
fbem-2750	62	13	performed	perform	VERB
fbem-2750	62	14	with	with	ADP
fbem-2750	62	15	the	the	DET
fbem-2750	62	16	help	help	NOUN
fbem-2750	62	17	of	of	ADP
fbem-2750	62	18	stata	stata	PROPN
fbem-2750	62	19	software	software	NOUN
fbem-2750	62	20	,	,	PUNCT
fbem-2750	62	21	and	and	CCONJ
fbem-2750	62	22	the	the	DET
fbem-2750	62	23	results	result	NOUN
fbem-2750	62	24	are	be	AUX
fbem-2750	62	25	shown	show	VERB
fbem-2750	62	26	in	in	ADP
fbem-2750	62	27	table	table	NOUN
fbem-2750	62	28	1	1	NUM
fbem-2750	62	29	.	.	PUNCT
fbem-2750	63	1	the	the	DET
fbem-2750	63	2	control	control	NOUN
fbem-2750	63	3	variable	variable	ADJ
fbem-2750	63	4	enterprise	enterprise	NOUN
fbem-2750	63	5	age	age	NOUN
fbem-2750	63	6	is	be	AUX
fbem-2750	63	7	the	the	DET
fbem-2750	63	8	result	result	NOUN
fbem-2750	63	9	of	of	ADP
fbem-2750	63	10	adding	add	VERB
fbem-2750	63	11	the	the	DET
fbem-2750	63	12	number	number	NOUN
fbem-2750	63	13	of	of	ADP
fbem-2750	63	14	years	year	NOUN
fbem-2750	63	15	of	of	ADP
fbem-2750	63	16	enterprise	enterprise	NOUN
fbem-2750	63	17	establishment	establishment	NOUN
fbem-2750	63	18	and	and	CCONJ
fbem-2750	63	19	repeatedly	repeatedly	ADV
fbem-2750	63	20	taking	take	VERB
fbem-2750	63	21	the	the	DET
fbem-2750	63	22	logarithm	logarithm	NOUN
fbem-2750	63	23	,	,	PUNCT
fbem-2750	63	24	and	and	CCONJ
fbem-2750	63	25	its	its	PRON
fbem-2750	63	26	value	value	NOUN
fbem-2750	63	27	size	size	NOUN
fbem-2750	63	28	is	be	AUX
fbem-2750	63	29	between	between	ADP
fbem-2750	63	30	1.15	1.15	NUM
fbem-2750	63	31	and	and	CCONJ
fbem-2750	63	32	1.58	1.58	NUM
fbem-2750	63	33	with	with	ADP
fbem-2750	63	34	very	very	ADV
fbem-2750	63	35	small	small	ADJ
fbem-2750	63	36	standard	standard	ADJ
fbem-2750	63	37	deviation	deviation	NOUN
fbem-2750	63	38	.	.	PUNCT
fbem-2750	64	1	the	the	DET
fbem-2750	64	2	minimum	minimum	ADJ
fbem-2750	64	3	value	value	NOUN
fbem-2750	64	4	of	of	ADP
fbem-2750	64	5	enterprise	enterprise	NOUN
fbem-2750	64	6	size	size	NOUN
fbem-2750	64	7	is	be	AUX
fbem-2750	64	8	8.67	8.67	NUM
fbem-2750	64	9	,	,	PUNCT
fbem-2750	64	10	the	the	DET
fbem-2750	64	11	maximum	maximum	ADJ
fbem-2750	64	12	value	value	NOUN
fbem-2750	64	13	is	be	AUX
fbem-2750	64	14	11.66	11.66	NUM
fbem-2750	64	15	,	,	PUNCT
fbem-2750	64	16	and	and	CCONJ
fbem-2750	64	17	the	the	DET
fbem-2750	64	18	mean	mean	ADJ
fbem-2750	64	19	value	value	NOUN
fbem-2750	64	20	is	be	AUX
fbem-2750	64	21	9.860	9.860	NUM
fbem-2750	64	22	,	,	PUNCT
fbem-2750	64	23	with	with	ADP
fbem-2750	64	24	little	little	ADJ
fbem-2750	64	25	difference	difference	NOUN
fbem-2750	64	26	in	in	ADP
fbem-2750	64	27	the	the	DET
fbem-2750	64	28	data	datum	NOUN
fbem-2750	64	29	.	.	PUNCT
fbem-2750	65	1	there	there	PRON
fbem-2750	65	2	is	be	VERB
fbem-2750	65	3	a	a	DET
fbem-2750	65	4	difference	difference	NOUN
fbem-2750	65	5	between	between	ADP
fbem-2750	65	6	the	the	DET
fbem-2750	65	7	maximum	maximum	ADJ
fbem-2750	65	8	and	and	CCONJ
fbem-2750	65	9	minimum	minimum	ADJ
fbem-2750	65	10	values	value	NOUN
fbem-2750	65	11	of	of	ADP
fbem-2750	65	12	the	the	DET
fbem-2750	65	13	balance	balance	NOUN
fbem-2750	65	14	sheet	sheet	NOUN
fbem-2750	65	15	ratio	ratio	NOUN
fbem-2750	65	16	,	,	PUNCT
fbem-2750	65	17	but	but	CCONJ
fbem-2750	65	18	the	the	DET
fbem-2750	65	19	standard	standard	ADJ
fbem-2750	65	20	deviation	deviation	NOUN
fbem-2750	65	21	is	be	AUX
fbem-2750	65	22	not	not	PART
fbem-2750	65	23	significant	significant	ADJ
fbem-2750	65	24	.	.	PUNCT
fbem-2750	66	1	the	the	DET
fbem-2750	66	2	minimum	minimum	ADJ
fbem-2750	66	3	value	value	NOUN
fbem-2750	66	4	of	of	ADP
fbem-2750	66	5	growth	growth	NOUN
fbem-2750	66	6	is	be	AUX
fbem-2750	66	7	-0.569	-0.569	PUNCT
fbem-2750	66	8	less	less	ADJ
fbem-2750	66	9	than	than	ADP
fbem-2750	66	10	0	0	NUM
fbem-2750	66	11	,	,	PUNCT
fbem-2750	66	12	the	the	DET
fbem-2750	66	13	maximum	maximum	ADJ
fbem-2750	66	14	value	value	NOUN
fbem-2750	66	15	is	be	AUX
fbem-2750	66	16	2.538	2.538	NUM
fbem-2750	66	17	,	,	PUNCT
fbem-2750	66	18	and	and	CCONJ
fbem-2750	66	19	the	the	DET
fbem-2750	66	20	mean	mean	ADJ
fbem-2750	66	21	value	value	NOUN
fbem-2750	66	22	is	be	AUX
fbem-2750	66	23	0.176	0.176	NUM
fbem-2750	66	24	.	.	PUNCT
fbem-2750	67	1	the	the	DET
fbem-2750	67	2	minimum	minimum	ADJ
fbem-2750	67	3	value	value	NOUN
fbem-2750	67	4	of	of	ADP
fbem-2750	67	5	the	the	DET
fbem-2750	67	6	independent	independent	ADJ
fbem-2750	67	7	variable	variable	ADJ
fbem-2750	67	8	enterprise	enterprise	NOUN
fbem-2750	67	9	digital	digital	ADJ
fbem-2750	67	10	transformation	transformation	NOUN
fbem-2750	67	11	is	be	AUX
fbem-2750	67	12	1	1	NUM
fbem-2750	67	13	,	,	PUNCT
fbem-2750	67	14	and	and	CCONJ
fbem-2750	67	15	the	the	DET
fbem-2750	67	16	maximum	maximum	ADJ
fbem-2750	67	17	value	value	NOUN
fbem-2750	67	18	is	be	AUX
fbem-2750	67	19	603	603	NUM
fbem-2750	67	20	,	,	PUNCT
fbem-2750	67	21	which	which	PRON
fbem-2750	67	22	indicates	indicate	VERB
fbem-2750	67	23	that	that	SCONJ
fbem-2750	67	24	the	the	DET
fbem-2750	67	25	degree	degree	NOUN
fbem-2750	67	26	of	of	ADP
fbem-2750	67	27	digital	digital	ADJ
fbem-2750	67	28	transformation	transformation	NOUN
fbem-2750	67	29	varies	vary	VERB
fbem-2750	67	30	widely	widely	ADV
fbem-2750	67	31	among	among	ADP
fbem-2750	67	32	different	different	ADJ
fbem-2750	67	33	enterprises	enterprise	NOUN
fbem-2750	67	34	.	.	PUNCT
fbem-2750	68	1	the	the	DET
fbem-2750	68	2	dependent	dependent	ADJ
fbem-2750	68	3	variable	variable	ADJ
fbem-2750	68	4	short	short	ADJ
fbem-2750	68	5	loan	loan	NOUN
fbem-2750	68	6	long	long	ADJ
fbem-2750	68	7	investment	investment	NOUN
fbem-2750	68	8	has	have	VERB
fbem-2750	68	9	a	a	DET
fbem-2750	68	10	minimum	minimum	ADJ
fbem-2750	68	11	value	value	NOUN
fbem-2750	68	12	of	of	ADP
fbem-2750	68	13	-1.684	-1.684	INTJ
fbem-2750	68	14	less	less	ADJ
fbem-2750	68	15	than	than	ADP
fbem-2750	68	16	0	0	NUM
fbem-2750	68	17	,	,	PUNCT
fbem-2750	68	18	a	a	DET
fbem-2750	68	19	maximum	maximum	ADJ
fbem-2750	68	20	value	value	NOUN
fbem-2750	68	21	of	of	ADP
fbem-2750	68	22	0.260	0.260	NUM
fbem-2750	68	23	,	,	PUNCT
fbem-2750	68	24	and	and	CCONJ
fbem-2750	68	25	a	a	DET
fbem-2750	68	26	mean	mean	ADJ
fbem-2750	68	27	value	value	NOUN
fbem-2750	68	28	of	of	ADP
fbem-2750	68	29	0.178	0.178	NUM
fbem-2750	68	30	less	less	ADJ
fbem-2750	68	31	than	than	ADP
fbem-2750	68	32	0	0	NUM
fbem-2750	68	33	.	.	PUNCT
fbem-2750	69	1	the	the	DET
fbem-2750	69	2	dependent	dependent	ADJ
fbem-2750	69	3	variable	variable	ADJ
fbem-2750	69	4	short	short	ADJ
fbem-2750	69	5	loan	loan	NOUN
fbem-2750	69	6	long	long	ADJ
fbem-2750	69	7	investment	investment	NOUN
fbem-2750	69	8	has	have	VERB
fbem-2750	69	9	a	a	DET
fbem-2750	69	10	minimum	minimum	ADJ
fbem-2750	69	11	value	value	NOUN
fbem-2750	69	12	of	of	ADP
fbem-2750	69	13	-1.684	-1.684	INTJ
fbem-2750	69	14	less	less	ADJ
fbem-2750	69	15	than	than	ADP
fbem-2750	69	16	0	0	NUM
fbem-2750	69	17	and	and	CCONJ
fbem-2750	69	18	a	a	DET
fbem-2750	69	19	maximum	maximum	ADJ
fbem-2750	69	20	value	value	NOUN
fbem-2750	69	21	of	of	ADP
fbem-2750	69	22	0.260	0.260	NUM
fbem-2750	69	23	.	.	PUNCT
fbem-2750	69	24	table	table	NOUN
fbem-2750	69	25	1	1	NUM
fbem-2750	69	26	.	.	PUNCT
fbem-2750	69	27	descriptive	descriptive	ADJ
fbem-2750	69	28	statistics	statistic	NOUN
fbem-2750	69	29	n	n	ADV
fbem-2750	69	30	mean	mean	VERB
fbem-2750	69	31	std	std	PROPN
fbem-2750	69	32	.	.	PROPN
fbem-2750	70	1	dev	dev	PROPN
fbem-2750	70	2	.	.	PUNCT
fbem-2750	70	3	min	min	PROPN
fbem-2750	70	4	max	max	PROPN
fbem-2750	70	5	age	age	NOUN
fbem-2750	70	6	11292	11292	NUM
fbem-2750	70	7	1.377	1.377	NUM
fbem-2750	70	8	0.097	0.097	NUM
fbem-2750	70	9	1.15	1.15	NUM
fbem-2750	70	10	1.58	1.58	NUM
fbem-2750	70	11	size	size	NOUN
fbem-2750	70	12	11292	11292	NUM
fbem-2750	70	13	9.860	9.860	NUM
fbem-2750	70	14	0.628	0.628	NUM
fbem-2750	70	15	8.67	8.67	NUM
fbem-2750	70	16	11.66	11.66	NUM
fbem-2750	70	17	lev	lev	NOUN
fbem-2750	70	18	11292	11292	NUM
fbem-2750	70	19	0.491	0.491	NUM
fbem-2750	70	20	0.201	0.201	NUM
fbem-2750	70	21	0.068	0.068	NUM
fbem-2750	70	22	0.942	0.942	NUM
fbem-2750	70	23	growth	growth	NOUN
fbem-2750	70	24	11292	11292	NUM
fbem-2750	70	25	0.176	0.176	NUM
fbem-2750	70	26	0.414	0.414	NUM
fbem-2750	70	27	-0.569	-0.569	NUM
fbem-2750	70	28	2.538	2.538	NUM
fbem-2750	70	29	sfli	sfli	NOUN
fbem-2750	70	30	11292	11292	NUM
fbem-2750	70	31	-0.178	-0.178	ADV
fbem-2750	70	32	0.265	0.265	NUM
fbem-2750	70	33	-1.684	-1.684	NOUN
fbem-2750	70	34	0.260	0.260	NUM
fbem-2750	70	35	dcg	dcg	PROPN
fbem-2750	70	36	11292	11292	NUM
fbem-2750	70	37	17.431	17.431	NUM
fbem-2750	70	38	34.712	34.712	NUM
fbem-2750	70	39	1	1	NUM
fbem-2750	70	40	603	603	NUM
fbem-2750	70	41	4.2	4.2	NUM
fbem-2750	70	42	.	.	PUNCT
fbem-2750	71	1	correlation	correlation	NOUN
fbem-2750	71	2	analysis	analysis	NOUN
fbem-2750	71	3	the	the	DET
fbem-2750	71	4	degree	degree	NOUN
fbem-2750	71	5	of	of	ADP
fbem-2750	71	6	correlation	correlation	NOUN
fbem-2750	71	7	between	between	ADP
fbem-2750	71	8	the	the	DET
fbem-2750	71	9	variables	variable	NOUN
fbem-2750	71	10	is	be	AUX
fbem-2750	71	11	shown	show	VERB
fbem-2750	71	12	in	in	ADP
fbem-2750	71	13	table	table	NOUN
fbem-2750	71	14	2	2	NUM
fbem-2750	71	15	.	.	PUNCT
fbem-2750	72	1	the	the	DET
fbem-2750	72	2	correlation	correlation	NOUN
fbem-2750	72	3	coefficient	coefficient	NOUN
fbem-2750	72	4	between	between	ADP
fbem-2750	72	5	growth	growth	NOUN
fbem-2750	72	6	and	and	CCONJ
fbem-2750	72	7	firm	firm	ADJ
fbem-2750	72	8	size	size	NOUN
fbem-2750	72	9	is	be	AUX
fbem-2750	72	10	0.023	0.023	NUM
fbem-2750	72	11	and	and	CCONJ
fbem-2750	72	12	is	be	AUX
fbem-2750	72	13	significantly	significantly	ADV
fbem-2750	72	14	correlated	correlate	VERB
fbem-2750	72	15	at	at	ADP
fbem-2750	72	16	the	the	DET
fbem-2750	72	17	0.050	0.050	NUM
fbem-2750	72	18	level	level	NOUN
fbem-2750	72	19	,	,	PUNCT
fbem-2750	72	20	and	and	CCONJ
fbem-2750	72	21	another	another	DET
fbem-2750	72	22	8	8	NUM
fbem-2750	72	23	pairs	pair	NOUN
fbem-2750	72	24	of	of	ADP
fbem-2750	72	25	variables	variable	NOUN
fbem-2750	72	26	are	be	AUX
fbem-2750	72	27	significantly	significantly	ADV
fbem-2750	72	28	correlated	correlate	VERB
fbem-2750	72	29	at	at	ADP
fbem-2750	72	30	the	the	DET
fbem-2750	72	31	0.010	0.010	NUM
fbem-2750	72	32	level	level	NOUN
fbem-2750	72	33	,	,	PUNCT
fbem-2750	72	34	which	which	PRON
fbem-2750	72	35	is	be	AUX
fbem-2750	72	36	a	a	DET
fbem-2750	72	37	good	good	ADJ
fbem-2750	72	38	correlation	correlation	NOUN
fbem-2750	72	39	between	between	ADP
fbem-2750	72	40	the	the	DET
fbem-2750	72	41	variables	variable	NOUN
fbem-2750	72	42	and	and	CCONJ
fbem-2750	72	43	allows	allow	VERB
fbem-2750	72	44	for	for	SCONJ
fbem-2750	72	45	further	further	ADJ
fbem-2750	72	46	regression	regression	NOUN
fbem-2750	72	47	analysis	analysis	NOUN
fbem-2750	72	48	to	to	PART
fbem-2750	72	49	follow	follow	VERB
fbem-2750	72	50	.	.	PUNCT
fbem-2750	73	1	table	table	NOUN
fbem-2750	73	2	2	2	NUM
fbem-2750	73	3	.	.	PUNCT
fbem-2750	73	4	pearson	pearson	PROPN
fbem-2750	73	5	correlation	correlation	NOUN
fbem-2750	73	6	age	age	NOUN
fbem-2750	73	7	size	size	NOUN
fbem-2750	73	8	lev	lev	PROPN
fbem-2750	73	9	growth	growth	PROPN
fbem-2750	73	10	sfli	sfli	PROPN
fbem-2750	73	11	dcg	dcg	PROPN
fbem-2750	73	12	age	age	NOUN
fbem-2750	73	13	1	1	NUM
fbem-2750	73	14	size	size	NOUN
fbem-2750	73	15	0.066	0.066	NUM
fbem-2750	73	16	*	*	NOUN
fbem-2750	73	17	*	*	SYM
fbem-2750	73	18	1	1	NUM
fbem-2750	73	19	lev	lev	NOUN
fbem-2750	73	20	0.089	0.089	NUM
fbem-2750	73	21	*	*	PUNCT
fbem-2750	73	22	*	*	NOUN
fbem-2750	73	23	0.401	0.401	NUM
fbem-2750	73	24	*	*	SYM
fbem-2750	73	25	*	*	SYM
fbem-2750	73	26	1	1	NUM
fbem-2750	73	27	growth	growth	NOUN
fbem-2750	73	28	-0.001	-0.001	PUNCT
fbem-2750	73	29	0.023	0.023	NUM
fbem-2750	73	30	*	*	NOUN
fbem-2750	73	31	0.003	0.003	NUM
fbem-2750	73	32	1	1	NUM
fbem-2750	73	33	sfli	sfli	NOUN
fbem-2750	73	34	-0.027	-0.027	PUNCT
fbem-2750	73	35	*	*	PUNCT
fbem-2750	73	36	*	*	PUNCT
fbem-2750	73	37	0.016	0.016	NUM
fbem-2750	73	38	0.014	0.014	NUM
fbem-2750	73	39	-0.126	-0.126	X
fbem-2750	73	40	*	*	PUNCT
fbem-2750	73	41	*	*	PROPN
fbem-2750	73	42	1	1	NUM
fbem-2750	73	43	dcg	dcg	NOUN
fbem-2750	73	44	-0.013	-0.013	PUNCT
fbem-2750	73	45	-0.035	-0.035	PROPN
fbem-2750	73	46	*	*	PUNCT
fbem-2750	73	47	*	*	PUNCT
fbem-2750	73	48	-0.045	-0.045	PROPN
fbem-2750	73	49	*	*	PUNCT
fbem-2750	73	50	*	*	NOUN
fbem-2750	73	51	0.041	0.041	NUM
fbem-2750	73	52	*	*	NOUN
fbem-2750	73	53	*	*	PUNCT
fbem-2750	73	54	-0.017	-0.017	PUNCT
fbem-2750	73	55	1	1	NUM
fbem-2750	73	56	note	note	NOUN
fbem-2750	73	57	:	:	PUNCT
fbem-2750	73	58	*	*	PUNCT
fbem-2750	73	59	*	*	PUNCT
fbem-2750	73	60	indicates	indicate	VERB
fbem-2750	73	61	significant	significant	ADJ
fbem-2750	73	62	correlation	correlation	NOUN
fbem-2750	73	63	at	at	ADP
fbem-2750	73	64	the	the	DET
fbem-2750	73	65	0.010	0.010	NUM
fbem-2750	73	66	level	level	NOUN
fbem-2750	73	67	and	and	CCONJ
fbem-2750	73	68	*	*	PUNCT
fbem-2750	73	69	indicates	indicate	VERB
fbem-2750	73	70	significant	significant	ADJ
fbem-2750	73	71	correlation	correlation	NOUN
fbem-2750	73	72	at	at	ADP
fbem-2750	73	73	the	the	DET
fbem-2750	73	74	0.050	0.050	NUM
fbem-2750	73	75	level	level	NOUN
fbem-2750	73	76	.	.	PUNCT
fbem-2750	74	1	4.3	4.3	NUM
fbem-2750	74	2	.	.	PUNCT
fbem-2750	75	1	regression	regression	VERB
fbem-2750	75	2	analysis	analysis	NOUN
fbem-2750	75	3	spss	spss	PROPN
fbem-2750	75	4	software	software	NOUN
fbem-2750	75	5	was	be	AUX
fbem-2750	75	6	used	use	VERB
fbem-2750	75	7	to	to	PART
fbem-2750	75	8	analyze	analyze	VERB
fbem-2750	75	9	the	the	DET
fbem-2750	75	10	data	datum	NOUN
fbem-2750	75	11	,	,	PUNCT
fbem-2750	75	12	and	and	CCONJ
fbem-2750	75	13	the	the	DET
fbem-2750	75	14	dependent	dependent	ADJ
fbem-2750	75	15	variable	variable	NOUN
fbem-2750	75	16	was	be	AUX
fbem-2750	75	17	set	set	VERB
fbem-2750	75	18	as	as	ADP
fbem-2750	75	19	the	the	DET
fbem-2750	75	20	short	short	ADJ
fbem-2750	75	21	term	term	NOUN
fbem-2750	75	22	loan	loan	NOUN
fbem-2750	75	23	and	and	CCONJ
fbem-2750	75	24	long	long	ADJ
fbem-2750	75	25	term	term	NOUN
fbem-2750	75	26	investment	investment	NOUN
fbem-2750	75	27	of	of	ADP
fbem-2750	75	28	enterprises	enterprise	NOUN
fbem-2750	75	29	,	,	PUNCT
fbem-2750	75	30	the	the	DET
fbem-2750	75	31	independent	independent	ADJ
fbem-2750	75	32	variable	variable	NOUN
fbem-2750	75	33	was	be	AUX
fbem-2750	75	34	the	the	DET
fbem-2750	75	35	digital	digital	ADJ
fbem-2750	75	36	transformation	transformation	NOUN
fbem-2750	75	37	of	of	ADP
fbem-2750	75	38	enterprises	enterprise	NOUN
fbem-2750	75	39	,	,	PUNCT
fbem-2750	75	40	and	and	CCONJ
fbem-2750	75	41	the	the	DET
fbem-2750	75	42	control	control	NOUN
fbem-2750	75	43	variables	variable	NOUN
fbem-2750	75	44	were	be	AUX
fbem-2750	75	45	age	age	NOUN
fbem-2750	75	46	,	,	PUNCT
fbem-2750	75	47	enterprise	enterprise	NOUN
fbem-2750	75	48	size	size	NOUN
fbem-2750	75	49	,	,	PUNCT
fbem-2750	75	50	gearing	gearing	NOUN
fbem-2750	75	51	,	,	PUNCT
fbem-2750	75	52	and	and	CCONJ
fbem-2750	75	53	growth	growth	NOUN
fbem-2750	75	54	.	.	PUNCT
fbem-2750	76	1	the	the	DET
fbem-2750	76	2	results	result	NOUN
fbem-2750	76	3	of	of	ADP
fbem-2750	76	4	data	datum	NOUN
fbem-2750	76	5	analysis	analysis	NOUN
fbem-2750	76	6	showed	show	VERB
fbem-2750	76	7	that	that	SCONJ
fbem-2750	76	8	the	the	DET
fbem-2750	76	9	overall	overall	ADJ
fbem-2750	76	10	f	f	NOUN
fbem-2750	76	11	-	-	PUNCT
fbem-2750	76	12	value	value	NOUN
fbem-2750	76	13	of	of	ADP
fbem-2750	76	14	the	the	DET
fbem-2750	76	15	model	model	NOUN
fbem-2750	76	16	was	be	AUX
fbem-2750	76	17	39.730	39.730	NUM
fbem-2750	76	18	with	with	ADP
fbem-2750	76	19	sig=0.000	sig=0.000	PROPN
fbem-2750	76	20	<	<	X
fbem-2750	76	21	0.001	0.001	NUM
fbem-2750	76	22	,	,	PUNCT
fbem-2750	76	23	indicating	indicate	VERB
fbem-2750	76	24	that	that	SCONJ
fbem-2750	76	25	the	the	DET
fbem-2750	76	26	model	model	NOUN
fbem-2750	76	27	had	have	VERB
fbem-2750	76	28	good	good	ADJ
fbem-2750	76	29	statistical	statistical	ADJ
fbem-2750	76	30	significance	significance	NOUN
fbem-2750	76	31	.	.	PUNCT
fbem-2750	77	1	the	the	DET
fbem-2750	77	2	linear	linear	ADJ
fbem-2750	77	3	regression	regression	NOUN
fbem-2750	77	4	results	result	NOUN
fbem-2750	77	5	are	be	AUX
fbem-2750	77	6	shown	show	VERB
fbem-2750	77	7	in	in	ADP
fbem-2750	77	8	table	table	NOUN
fbem-2750	77	9	3	3	NUM
fbem-2750	77	10	.	.	PUNCT
fbem-2750	78	1	the	the	DET
fbem-2750	78	2	coefficient	coefficient	NOUN
fbem-2750	78	3	of	of	ADP
fbem-2750	78	4	the	the	DET
fbem-2750	78	5	independent	independent	ADJ
fbem-2750	78	6	variable	variable	ADJ
fbem-2750	78	7	corporate	corporate	ADJ
fbem-2750	78	8	digital	digital	ADJ
fbem-2750	78	9	transformation	transformation	NOUN
fbem-2750	78	10	is	be	AUX
fbem-2750	78	11	-0.011	-0.011	NOUN
fbem-2750	78	12	,	,	PUNCT
fbem-2750	78	13	which	which	PRON
fbem-2750	78	14	indicates	indicate	VERB
fbem-2750	78	15	that	that	SCONJ
fbem-2750	78	16	digital	digital	ADJ
fbem-2750	78	17	transformation	transformation	NOUN
fbem-2750	78	18	negatively	negatively	ADV
fbem-2750	78	19	affects	affect	VERB
fbem-2750	78	20	corporate	corporate	ADJ
fbem-2750	78	21	short	short	ADJ
fbem-2750	78	22	term	term	NOUN
fbem-2750	78	23	lending	lend	VERB
fbem-2750	78	24	ttintiti	ttintiti	PRON
fbem-2750	78	25	yearcontrolsdcgsfli	yearcontrolsdcgsfli	PROPN
fbem-2750	78	26	,	,	PUNCT
fbem-2750	78	27	,	,	PUNCT
fbem-2750	78	28	10	10	NUM
fbem-2750	78	29	,	,	PUNCT
fbem-2750	78	30			NOUN
fbem-2750	78	31			NOUN
fbem-2750	78	32			X
fbem-2750	78	33	44	44	NUM
fbem-2750	78	34	and	and	CCONJ
fbem-2750	78	35	long	long	ADJ
fbem-2750	78	36	term	term	NOUN
fbem-2750	78	37	investment	investment	NOUN
fbem-2750	78	38	,	,	PUNCT
fbem-2750	78	39	that	that	ADV
fbem-2750	78	40	is	is	ADV
fbem-2750	78	41	,	,	PUNCT
fbem-2750	78	42	enhancing	enhance	VERB
fbem-2750	78	43	the	the	DET
fbem-2750	78	44	degree	degree	NOUN
fbem-2750	78	45	of	of	ADP
fbem-2750	78	46	corporate	corporate	ADJ
fbem-2750	78	47	digital	digital	ADJ
fbem-2750	78	48	transformation	transformation	NOUN
fbem-2750	78	49	can	can	AUX
fbem-2750	78	50	effectively	effectively	ADV
fbem-2750	78	51	inhibit	inhibit	VERB
fbem-2750	78	52	corporate	corporate	ADJ
fbem-2750	78	53	short	short	ADJ
fbem-2750	78	54	term	term	NOUN
fbem-2750	78	55	lending	lending	NOUN
fbem-2750	78	56	and	and	CCONJ
fbem-2750	78	57	long	long	ADJ
fbem-2750	78	58	term	term	NOUN
fbem-2750	78	59	investment	investment	NOUN
fbem-2750	78	60	,	,	PUNCT
fbem-2750	78	61	thus	thus	ADV
fbem-2750	78	62	reducing	reduce	VERB
fbem-2750	78	63	corporate	corporate	ADJ
fbem-2750	78	64	business	business	NOUN
fbem-2750	78	65	risk	risk	NOUN
fbem-2750	78	66	.	.	PUNCT
fbem-2750	79	1	among	among	ADP
fbem-2750	79	2	the	the	DET
fbem-2750	79	3	control	control	NOUN
fbem-2750	79	4	variables	variable	NOUN
fbem-2750	79	5	,	,	PUNCT
fbem-2750	79	6	the	the	DET
fbem-2750	79	7	coefficients	coefficient	NOUN
fbem-2750	79	8	of	of	ADP
fbem-2750	79	9	growth	growth	NOUN
fbem-2750	79	10	and	and	CCONJ
fbem-2750	79	11	firm	firm	ADJ
fbem-2750	79	12	age	age	NOUN
fbem-2750	79	13	are	be	AUX
fbem-2750	79	14	-0.126	-0.126	PUNCT
fbem-2750	79	15	and	and	CCONJ
fbem-2750	79	16	-0.030	-0.030	NUM
fbem-2750	79	17	,	,	PUNCT
fbem-2750	79	18	respectively	respectively	ADV
fbem-2750	79	19	,	,	PUNCT
fbem-2750	79	20	and	and	CCONJ
fbem-2750	79	21	the	the	DET
fbem-2750	79	22	sig	sig	NOUN
fbem-2750	79	23	values	value	NOUN
fbem-2750	79	24	are	be	AUX
fbem-2750	79	25	less	less	ADJ
fbem-2750	79	26	than	than	ADP
fbem-2750	79	27	0.010	0.010	NUM
fbem-2750	79	28	,	,	PUNCT
fbem-2750	79	29	indicating	indicate	VERB
fbem-2750	79	30	that	that	SCONJ
fbem-2750	79	31	firms	firm	NOUN
fbem-2750	79	32	with	with	ADP
fbem-2750	79	33	good	good	ADJ
fbem-2750	79	34	growth	growth	NOUN
fbem-2750	79	35	and	and	CCONJ
fbem-2750	79	36	longer	long	ADJ
fbem-2750	79	37	establishment	establishment	NOUN
fbem-2750	79	38	have	have	VERB
fbem-2750	79	39	lower	low	ADJ
fbem-2750	79	40	levels	level	NOUN
fbem-2750	79	41	of	of	ADP
fbem-2750	79	42	short	short	ADJ
fbem-2750	79	43	loans	loan	NOUN
fbem-2750	79	44	and	and	CCONJ
fbem-2750	79	45	long	long	ADJ
fbem-2750	79	46	investments	investment	NOUN
fbem-2750	79	47	.	.	PUNCT
fbem-2750	80	1	the	the	DET
fbem-2750	80	2	coefficients	coefficient	NOUN
fbem-2750	80	3	of	of	ADP
fbem-2750	80	4	firm	firm	ADJ
fbem-2750	80	5	size	size	NOUN
fbem-2750	80	6	and	and	CCONJ
fbem-2750	80	7	gearing	gearing	NOUN
fbem-2750	80	8	are	be	AUX
fbem-2750	80	9	0.017	0.017	NUM
fbem-2750	80	10	and	and	CCONJ
fbem-2750	80	11	0.010	0.010	NUM
fbem-2750	80	12	,	,	PUNCT
fbem-2750	80	13	respectively	respectively	ADV
fbem-2750	80	14	,	,	PUNCT
fbem-2750	80	15	indicating	indicate	VERB
fbem-2750	80	16	that	that	SCONJ
fbem-2750	80	17	these	these	DET
fbem-2750	80	18	two	two	NUM
fbem-2750	80	19	control	control	NOUN
fbem-2750	80	20	variables	variable	NOUN
fbem-2750	80	21	positively	positively	ADV
fbem-2750	80	22	affect	affect	VERB
fbem-2750	80	23	the	the	DET
fbem-2750	80	24	firms	firm	NOUN
fbem-2750	80	25	'	'	PART
fbem-2750	80	26	short	short	ADJ
fbem-2750	80	27	term	term	NOUN
fbem-2750	80	28	lending	lending	NOUN
fbem-2750	80	29	and	and	CCONJ
fbem-2750	80	30	long	long	ADJ
fbem-2750	80	31	term	term	NOUN
fbem-2750	80	32	investment	investment	NOUN
fbem-2750	80	33	and	and	CCONJ
fbem-2750	80	34	will	will	AUX
fbem-2750	80	35	aggravate	aggravate	VERB
fbem-2750	80	36	the	the	DET
fbem-2750	80	37	firms	firm	NOUN
fbem-2750	80	38	'	'	PART
fbem-2750	80	39	behavior	behavior	NOUN
fbem-2750	80	40	of	of	ADP
fbem-2750	80	41	making	make	VERB
fbem-2750	80	42	short	short	ADJ
fbem-2750	80	43	term	term	NOUN
fbem-2750	80	44	lending	lending	NOUN
fbem-2750	80	45	and	and	CCONJ
fbem-2750	80	46	long	long	ADJ
fbem-2750	80	47	term	term	NOUN
fbem-2750	80	48	investment	investment	NOUN
fbem-2750	80	49	.	.	PUNCT
fbem-2750	81	1	table	table	NOUN
fbem-2750	81	2	3	3	NUM
fbem-2750	81	3	.	.	PUNCT
fbem-2750	81	4	table	table	NOUN
fbem-2750	81	5	of	of	ADP
fbem-2750	81	6	linear	linear	PROPN
fbem-2750	81	7	regression	regression	NOUN
fbem-2750	81	8	coefficients	coefficient	NOUN
fbem-2750	81	9	non	non	ADJ
fbem-2750	81	10	-	-	ADJ
fbem-2750	81	11	standardized	standardized	ADJ
fbem-2750	81	12	coefficient	coefficient	NOUN
fbem-2750	81	13	standard	standard	ADJ
fbem-2750	81	14	coefficient	coefficient	NOUN
fbem-2750	81	15	t	t	PROPN
fbem-2750	81	16	b	b	PROPN
fbem-2750	81	17	standard	standard	ADJ
fbem-2750	81	18	error	error	NOUN
fbem-2750	81	19	(	(	PUNCT
fbem-2750	81	20	constant	constant	ADJ
fbem-2750	81	21	)	)	PUNCT
fbem-2750	81	22	-0.105	-0.105	NOUN
fbem-2750	81	23	0.046	0.046	NUM
fbem-2750	81	24	-2.296	-2.296	NOUN
fbem-2750	81	25	dcg	dcg	PROPN
fbem-2750	81	26	-9.920e-005	-9.920e-005	NOUN
fbem-2750	81	27	0.000	0.000	NUM
fbem-2750	81	28	-0.011	-0.011	NOUN
fbem-2750	81	29	-1.176	-1.176	NOUN
fbem-2750	81	30	growth	growth	NOUN
fbem-2750	81	31	-0.085	-0.085	NUM
fbem-2750	81	32	0.006	0.006	NUM
fbem-2750	81	33	-0.126	-0.126	NOUN
fbem-2750	81	34	*	*	PUNCT
fbem-2750	81	35	-13.490	-13.490	PUNCT
fbem-2750	81	36	age	age	NOUN
fbem-2750	81	37	-0.039	-0.039	PUNCT
fbem-2750	81	38	0.012	0.012	NUM
fbem-2750	81	39	-0.030	-0.030	NUM
fbem-2750	81	40	*	*	SYM
fbem-2750	81	41	-3.163	-3.163	NOUN
fbem-2750	81	42	size	size	NOUN
fbem-2750	81	43	0.008	0.008	NUM
fbem-2750	81	44	0.005	0.005	NUM
fbem-2750	81	45	0.017	0.017	NUM
fbem-2750	81	46	1.642	1.642	NUM
fbem-2750	81	47	lev	lev	NOUN
fbem-2750	81	48	0.006	0.006	NUM
fbem-2750	81	49	0.006	0.006	NUM
fbem-2750	81	50	0.010	0.010	NUM
fbem-2750	81	51	0.982	0.982	NUM
fbem-2750	81	52	dependent	dependent	ADJ
fbem-2750	81	53	variable	variable	NOUN
fbem-2750	81	54	:	:	PUNCT
fbem-2750	81	55	sfli	sfli	PROPN
fbem-2750	81	56	note	note	NOUN
fbem-2750	81	57	:	:	PUNCT
fbem-2750	81	58	*	*	PUNCT
fbem-2750	81	59	*	*	PUNCT
fbem-2750	81	60	represents	represent	VERB
fbem-2750	81	61	sig	sig	PRON
fbem-2750	81	62	less	less	ADJ
fbem-2750	81	63	than	than	ADP
fbem-2750	81	64	0.050	0.050	NUM
fbem-2750	81	65	,	,	PUNCT
fbem-2750	81	66	*	*	PUNCT
fbem-2750	81	67	represents	represent	VERB
fbem-2750	81	68	sig	sig	PRON
fbem-2750	81	69	less	less	ADJ
fbem-2750	81	70	than	than	ADP
fbem-2750	81	71	0.010	0.010	NUM
fbem-2750	81	72	5	5	NUM
fbem-2750	81	73	.	.	PUNCT
fbem-2750	81	74	conclusions	conclusion	NOUN
fbem-2750	81	75	and	and	CCONJ
fbem-2750	81	76	recommendations	recommendation	NOUN
fbem-2750	81	77	5.1	5.1	NUM
fbem-2750	81	78	.	.	PUNCT
fbem-2750	82	1	research	research	NOUN
fbem-2750	82	2	findings	finding	NOUN
fbem-2750	82	3	in	in	ADP
fbem-2750	82	4	the	the	DET
fbem-2750	82	5	context	context	NOUN
fbem-2750	82	6	of	of	ADP
fbem-2750	82	7	the	the	DET
fbem-2750	82	8	continuous	continuous	ADJ
fbem-2750	82	9	implementation	implementation	NOUN
fbem-2750	82	10	of	of	ADP
fbem-2750	82	11	the	the	DET
fbem-2750	82	12	new	new	ADJ
fbem-2750	82	13	development	development	NOUN
fbem-2750	82	14	strategy	strategy	NOUN
fbem-2750	82	15	and	and	CCONJ
fbem-2750	82	16	the	the	DET
fbem-2750	82	17	continuous	continuous	ADJ
fbem-2750	82	18	informatization	informatization	NOUN
fbem-2750	82	19	and	and	CCONJ
fbem-2750	82	20	modernization	modernization	NOUN
fbem-2750	82	21	of	of	ADP
fbem-2750	82	22	all	all	DET
fbem-2750	82	23	industries	industry	NOUN
fbem-2750	82	24	,	,	PUNCT
fbem-2750	82	25	the	the	DET
fbem-2750	82	26	digital	digital	ADJ
fbem-2750	82	27	transformation	transformation	NOUN
fbem-2750	82	28	and	and	CCONJ
fbem-2750	82	29	upgrading	upgrading	NOUN
fbem-2750	82	30	of	of	ADP
fbem-2750	82	31	enterprises	enterprise	NOUN
fbem-2750	82	32	have	have	VERB
fbem-2750	82	33	both	both	CCONJ
fbem-2750	82	34	theoretical	theoretical	ADJ
fbem-2750	82	35	and	and	CCONJ
fbem-2750	82	36	practical	practical	ADJ
fbem-2750	82	37	significance	significance	NOUN
fbem-2750	82	38	for	for	ADP
fbem-2750	82	39	alleviating	alleviate	VERB
fbem-2750	82	40	the	the	DET
fbem-2750	82	41	behavior	behavior	NOUN
fbem-2750	82	42	of	of	ADP
fbem-2750	82	43	enterprises	enterprise	NOUN
fbem-2750	82	44	'	'	PART
fbem-2750	82	45	short	short	ADJ
fbem-2750	82	46	loans	loan	NOUN
fbem-2750	82	47	and	and	CCONJ
fbem-2750	82	48	long	long	ADJ
fbem-2750	82	49	investments	investment	NOUN
fbem-2750	82	50	.	.	PUNCT
fbem-2750	83	1	this	this	DET
fbem-2750	83	2	paper	paper	NOUN
fbem-2750	83	3	conducts	conduct	VERB
fbem-2750	83	4	a	a	DET
fbem-2750	83	5	study	study	NOUN
fbem-2750	83	6	from	from	ADP
fbem-2750	83	7	the	the	DET
fbem-2750	83	8	perspective	perspective	NOUN
fbem-2750	83	9	of	of	ADP
fbem-2750	83	10	enterprise	enterprise	NOUN
fbem-2750	83	11	digital	digital	ADJ
fbem-2750	83	12	transformation	transformation	NOUN
fbem-2750	83	13	,	,	PUNCT
fbem-2750	83	14	and	and	CCONJ
fbem-2750	83	15	examines	examine	VERB
fbem-2750	83	16	whether	whether	SCONJ
fbem-2750	83	17	and	and	CCONJ
fbem-2750	83	18	how	how	SCONJ
fbem-2750	83	19	it	it	PRON
fbem-2750	83	20	affects	affect	VERB
fbem-2750	83	21	the	the	DET
fbem-2750	83	22	behavior	behavior	NOUN
fbem-2750	83	23	of	of	ADP
fbem-2750	83	24	enterprises	enterprise	NOUN
fbem-2750	83	25	'	'	PART
fbem-2750	83	26	short	short	ADJ
fbem-2750	83	27	loans	loan	NOUN
fbem-2750	83	28	and	and	CCONJ
fbem-2750	83	29	long	long	ADJ
fbem-2750	83	30	investments	investment	NOUN
fbem-2750	83	31	by	by	ADP
fbem-2750	83	32	constructing	construct	VERB
fbem-2750	83	33	a	a	DET
fbem-2750	83	34	model	model	NOUN
fbem-2750	83	35	.	.	PUNCT
fbem-2750	84	1	the	the	DET
fbem-2750	84	2	research	research	NOUN
fbem-2750	84	3	data	datum	NOUN
fbem-2750	84	4	found	find	VERB
fbem-2750	84	5	that	that	SCONJ
fbem-2750	84	6	firstly	firstly	ADV
fbem-2750	84	7	,	,	PUNCT
fbem-2750	84	8	the	the	DET
fbem-2750	84	9	degree	degree	NOUN
fbem-2750	84	10	of	of	ADP
fbem-2750	84	11	digital	digital	ADJ
fbem-2750	84	12	transformation	transformation	NOUN
fbem-2750	84	13	is	be	AUX
fbem-2750	84	14	inversely	inversely	ADV
fbem-2750	84	15	correlated	correlate	VERB
fbem-2750	84	16	with	with	ADP
fbem-2750	84	17	short	short	ADJ
fbem-2750	84	18	term	term	NOUN
fbem-2750	84	19	lending	lending	NOUN
fbem-2750	84	20	and	and	CCONJ
fbem-2750	84	21	long	long	ADJ
fbem-2750	84	22	term	term	NOUN
fbem-2750	84	23	investment	investment	NOUN
fbem-2750	84	24	,	,	PUNCT
fbem-2750	84	25	and	and	CCONJ
fbem-2750	84	26	digital	digital	ADJ
fbem-2750	84	27	transformation	transformation	NOUN
fbem-2750	84	28	of	of	ADP
fbem-2750	84	29	enterprises	enterprise	NOUN
fbem-2750	84	30	can	can	AUX
fbem-2750	84	31	effectively	effectively	ADV
fbem-2750	84	32	inhibit	inhibit	VERB
fbem-2750	84	33	short	short	ADJ
fbem-2750	84	34	term	term	NOUN
fbem-2750	84	35	lending	lending	NOUN
fbem-2750	84	36	and	and	CCONJ
fbem-2750	84	37	long	long	ADJ
fbem-2750	84	38	term	term	NOUN
fbem-2750	84	39	investment	investment	NOUN
fbem-2750	84	40	behavior	behavior	NOUN
fbem-2750	84	41	of	of	ADP
fbem-2750	84	42	enterprises	enterprise	NOUN
fbem-2750	84	43	.	.	PUNCT
fbem-2750	85	1	this	this	PRON
fbem-2750	85	2	will	will	AUX
fbem-2750	85	3	improve	improve	VERB
fbem-2750	85	4	the	the	DET
fbem-2750	85	5	total	total	ADJ
fbem-2750	85	6	factor	factor	NOUN
fbem-2750	85	7	productivity	productivity	NOUN
fbem-2750	85	8	within	within	ADP
fbem-2750	85	9	the	the	DET
fbem-2750	85	10	enterprise	enterprise	NOUN
fbem-2750	85	11	,	,	PUNCT
fbem-2750	85	12	increase	increase	VERB
fbem-2750	85	13	the	the	DET
fbem-2750	85	14	utilization	utilization	NOUN
fbem-2750	85	15	rate	rate	NOUN
fbem-2750	85	16	and	and	CCONJ
fbem-2750	85	17	reduce	reduce	VERB
fbem-2750	85	18	the	the	DET
fbem-2750	85	19	inefficient	inefficient	ADJ
fbem-2750	85	20	investment	investment	NOUN
fbem-2750	85	21	activities	activity	NOUN
fbem-2750	85	22	,	,	PUNCT
fbem-2750	85	23	and	and	CCONJ
fbem-2750	85	24	have	have	VERB
fbem-2750	85	25	more	more	ADJ
fbem-2750	85	26	funds	fund	NOUN
fbem-2750	85	27	for	for	ADP
fbem-2750	85	28	production	production	NOUN
fbem-2750	85	29	,	,	PUNCT
fbem-2750	85	30	thus	thus	ADV
fbem-2750	85	31	reducing	reduce	VERB
fbem-2750	85	32	the	the	DET
fbem-2750	85	33	need	need	NOUN
fbem-2750	85	34	for	for	ADP
fbem-2750	85	35	short	short	ADJ
fbem-2750	85	36	term	term	NOUN
fbem-2750	85	37	loans	loan	NOUN
fbem-2750	85	38	and	and	CCONJ
fbem-2750	85	39	long	long	ADJ
fbem-2750	85	40	term	term	NOUN
fbem-2750	85	41	investments	investment	NOUN
fbem-2750	85	42	.	.	PUNCT
fbem-2750	86	1	secondly	secondly	ADV
fbem-2750	86	2	,	,	PUNCT
fbem-2750	86	3	in	in	ADP
fbem-2750	86	4	the	the	DET
fbem-2750	86	5	model	model	NOUN
fbem-2750	86	6	analysis	analysis	NOUN
fbem-2750	86	7	,	,	PUNCT
fbem-2750	86	8	enterprise	enterprise	NOUN
fbem-2750	86	9	size	size	NOUN
fbem-2750	86	10	and	and	CCONJ
fbem-2750	86	11	gearing	gearing	NOUN
fbem-2750	86	12	are	be	AUX
fbem-2750	86	13	positively	positively	ADV
fbem-2750	86	14	correlated	correlate	VERB
fbem-2750	86	15	with	with	ADP
fbem-2750	86	16	short	short	ADJ
fbem-2750	86	17	term	term	NOUN
fbem-2750	86	18	loans	loan	NOUN
fbem-2750	86	19	and	and	CCONJ
fbem-2750	86	20	long	long	ADJ
fbem-2750	86	21	term	term	NOUN
fbem-2750	86	22	investments	investment	NOUN
fbem-2750	86	23	,	,	PUNCT
fbem-2750	86	24	i.e.	i.e.	X
fbem-2750	86	25	,	,	PUNCT
fbem-2750	86	26	the	the	PRON
fbem-2750	86	27	larger	large	ADJ
fbem-2750	86	28	the	the	DET
fbem-2750	86	29	enterprise	enterprise	NOUN
fbem-2750	86	30	size	size	NOUN
fbem-2750	86	31	,	,	PUNCT
fbem-2750	86	32	the	the	PRON
fbem-2750	86	33	more	more	ADJ
fbem-2750	86	34	it	it	PRON
fbem-2750	86	35	needs	need	VERB
fbem-2750	86	36	to	to	PART
fbem-2750	86	37	pay	pay	VERB
fbem-2750	86	38	attention	attention	NOUN
fbem-2750	86	39	to	to	ADP
fbem-2750	86	40	its	its	PRON
fbem-2750	86	41	potential	potential	ADJ
fbem-2750	86	42	risk	risk	NOUN
fbem-2750	86	43	,	,	PUNCT
fbem-2750	86	44	large	large	ADJ
fbem-2750	86	45	enterprises	enterprise	NOUN
fbem-2750	86	46	have	have	VERB
fbem-2750	86	47	more	more	ADV
fbem-2750	86	48	frequent	frequent	ADJ
fbem-2750	86	49	and	and	CCONJ
fbem-2750	86	50	flexible	flexible	ADJ
fbem-2750	86	51	investment	investment	NOUN
fbem-2750	86	52	and	and	CCONJ
fbem-2750	86	53	financing	financing	NOUN
fbem-2750	86	54	activities	activity	NOUN
fbem-2750	86	55	,	,	PUNCT
fbem-2750	86	56	and	and	CCONJ
fbem-2750	86	57	have	have	VERB
fbem-2750	86	58	certain	certain	ADJ
fbem-2750	86	59	demand	demand	NOUN
fbem-2750	86	60	for	for	ADP
fbem-2750	86	61	financial	financial	ADJ
fbem-2750	86	62	levers	lever	NOUN
fbem-2750	86	63	and	and	CCONJ
fbem-2750	86	64	short	short	ADJ
fbem-2750	86	65	term	term	NOUN
fbem-2750	86	66	loans	loan	NOUN
fbem-2750	86	67	and	and	CCONJ
fbem-2750	86	68	long	long	ADJ
fbem-2750	86	69	term	term	NOUN
fbem-2750	86	70	investments	investment	NOUN
fbem-2750	86	71	,	,	PUNCT
fbem-2750	86	72	in	in	ADP
fbem-2750	86	73	order	order	NOUN
fbem-2750	86	74	to	to	PART
fbem-2750	86	75	develop	develop	VERB
fbem-2750	86	76	enterprises	enterprise	NOUN
fbem-2750	86	77	more	more	ADV
fbem-2750	86	78	permanently	permanently	ADV
fbem-2750	86	79	,	,	PUNCT
fbem-2750	86	80	digital	digital	ADJ
fbem-2750	86	81	transformation	transformation	NOUN
fbem-2750	86	82	is	be	AUX
fbem-2750	86	83	the	the	DET
fbem-2750	86	84	way	way	NOUN
fbem-2750	86	85	to	to	PART
fbem-2750	86	86	go	go	VERB
fbem-2750	86	87	,	,	PUNCT
fbem-2750	86	88	and	and	CCONJ
fbem-2750	86	89	using	use	VERB
fbem-2750	86	90	digitalization	digitalization	NOUN
fbem-2750	86	91	to	to	PART
fbem-2750	86	92	alleviate	alleviate	VERB
fbem-2750	86	93	the	the	DET
fbem-2750	86	94	short	short	ADJ
fbem-2750	86	95	term	term	NOUN
fbem-2750	86	96	loans	loan	NOUN
fbem-2750	86	97	and	and	CCONJ
fbem-2750	86	98	long	long	ADJ
fbem-2750	86	99	term	term	NOUN
fbem-2750	86	100	investments	investment	NOUN
fbem-2750	86	101	dilemma	dilemma	NOUN
fbem-2750	86	102	is	be	AUX
fbem-2750	86	103	the	the	DET
fbem-2750	86	104	choice	choice	NOUN
fbem-2750	86	105	of	of	ADP
fbem-2750	86	106	large	large	ADJ
fbem-2750	86	107	enterprises	enterprise	NOUN
fbem-2750	86	108	in	in	ADP
fbem-2750	86	109	reality	reality	NOUN
fbem-2750	86	110	.	.	PUNCT
fbem-2750	87	1	5.2	5.2	NUM
fbem-2750	87	2	.	.	PUNCT
fbem-2750	87	3	inspiration	inspiration	NOUN
fbem-2750	87	4	and	and	CCONJ
fbem-2750	87	5	suggestions	suggestion	NOUN
fbem-2750	87	6	(	(	PUNCT
fbem-2750	87	7	1)enterprises	1)enterprises	NUM
fbem-2750	87	8	in	in	ADP
fbem-2750	87	9	corporate	corporate	ADJ
fbem-2750	87	10	governance	governance	NOUN
fbem-2750	87	11	should	should	AUX
fbem-2750	87	12	continue	continue	VERB
fbem-2750	87	13	to	to	PART
fbem-2750	87	14	proactively	proactively	ADV
fbem-2750	87	15	optimize	optimize	VERB
fbem-2750	87	16	the	the	DET
fbem-2750	87	17	relevant	relevant	ADJ
fbem-2750	87	18	rules	rule	NOUN
fbem-2750	87	19	and	and	CCONJ
fbem-2750	87	20	regulations	regulation	NOUN
fbem-2750	87	21	,	,	PUNCT
fbem-2750	87	22	use	use	VERB
fbem-2750	87	23	specialized	specialized	ADJ
fbem-2750	87	24	software	software	NOUN
fbem-2750	87	25	to	to	ADP
fbem-2750	87	26	reasonably	reasonably	ADV
fbem-2750	87	27	coordinate	coordinate	VERB
fbem-2750	87	28	planning	planning	NOUN
fbem-2750	87	29	,	,	PUNCT
fbem-2750	87	30	allocate	allocate	ADJ
fbem-2750	87	31	funds	fund	NOUN
fbem-2750	87	32	as	as	ADV
fbem-2750	87	33	rationally	rationally	ADV
fbem-2750	87	34	as	as	ADP
fbem-2750	87	35	possible	possible	ADJ
fbem-2750	87	36	,	,	PUNCT
fbem-2750	87	37	reduce	reduce	VERB
fbem-2750	87	38	useless	useless	ADJ
fbem-2750	87	39	investment	investment	NOUN
fbem-2750	87	40	activities	activity	NOUN
fbem-2750	87	41	,	,	PUNCT
fbem-2750	87	42	improve	improve	VERB
fbem-2750	87	43	the	the	DET
fbem-2750	87	44	effective	effective	ADJ
fbem-2750	87	45	utilization	utilization	NOUN
fbem-2750	87	46	of	of	ADP
fbem-2750	87	47	enterprise	enterprise	NOUN
fbem-2750	87	48	resources	resource	NOUN
fbem-2750	87	49	,	,	PUNCT
fbem-2750	87	50	and	and	CCONJ
fbem-2750	87	51	reduce	reduce	VERB
fbem-2750	87	52	the	the	DET
fbem-2750	87	53	endogenous	endogenous	ADJ
fbem-2750	87	54	causes	cause	NOUN
fbem-2750	87	55	of	of	ADP
fbem-2750	87	56	short	short	ADJ
fbem-2750	87	57	loans	loan	NOUN
fbem-2750	87	58	and	and	CCONJ
fbem-2750	87	59	long	long	ADJ
fbem-2750	87	60	investments	investment	NOUN
fbem-2750	87	61	in	in	ADP
fbem-2750	87	62	order	order	NOUN
fbem-2750	87	63	to	to	PART
fbem-2750	87	64	promote	promote	VERB
fbem-2750	87	65	highquality	highquality	NOUN
fbem-2750	87	66	corporate	corporate	ADJ
fbem-2750	87	67	development	development	NOUN
fbem-2750	87	68	.	.	PUNCT
fbem-2750	88	1	(	(	PUNCT
fbem-2750	88	2	2)in	2)in	NUM
fbem-2750	88	3	terms	term	NOUN
fbem-2750	88	4	of	of	ADP
fbem-2750	88	5	talent	talent	NOUN
fbem-2750	88	6	,	,	PUNCT
fbem-2750	88	7	enterprises	enterprise	NOUN
fbem-2750	88	8	need	need	VERB
fbem-2750	88	9	to	to	PART
fbem-2750	88	10	hire	hire	VERB
fbem-2750	88	11	highly	highly	ADV
fbem-2750	88	12	skilled	skilled	ADJ
fbem-2750	88	13	personnel	personnel	NOUN
fbem-2750	88	14	,	,	PUNCT
fbem-2750	88	15	improve	improve	VERB
fbem-2750	88	16	the	the	DET
fbem-2750	88	17	overall	overall	ADJ
fbem-2750	88	18	quality	quality	NOUN
fbem-2750	88	19	of	of	ADP
fbem-2750	88	20	employees	employee	NOUN
fbem-2750	88	21	and	and	CCONJ
fbem-2750	88	22	expand	expand	VERB
fbem-2750	88	23	the	the	DET
fbem-2750	88	24	scale	scale	NOUN
fbem-2750	88	25	advantage	advantage	NOUN
fbem-2750	88	26	of	of	ADP
fbem-2750	88	27	internal	internal	ADJ
fbem-2750	88	28	talent	talent	NOUN
fbem-2750	88	29	.	.	PUNCT
fbem-2750	89	1	some	some	DET
fbem-2750	89	2	studies	study	NOUN
fbem-2750	89	3	show	show	VERB
fbem-2750	89	4	that	that	SCONJ
fbem-2750	89	5	enterprises	enterprise	NOUN
fbem-2750	89	6	with	with	ADP
fbem-2750	89	7	more	more	ADJ
fbem-2750	89	8	researchers	researcher	NOUN
fbem-2750	89	9	will	will	AUX
fbem-2750	89	10	have	have	VERB
fbem-2750	89	11	more	more	ADJ
fbem-2750	89	12	obvious	obvious	ADJ
fbem-2750	89	13	advantages	advantage	NOUN
fbem-2750	89	14	in	in	ADP
fbem-2750	89	15	digital	digital	ADJ
fbem-2750	89	16	transformation	transformation	NOUN
fbem-2750	89	17	and	and	CCONJ
fbem-2750	89	18	factor	factor	NOUN
fbem-2750	89	19	allocation	allocation	NOUN
fbem-2750	89	20	efficiency	efficiency	NOUN
fbem-2750	89	21	improvement	improvement	NOUN
fbem-2750	89	22	,	,	PUNCT
fbem-2750	89	23	and	and	CCONJ
fbem-2750	89	24	improve	improve	VERB
fbem-2750	89	25	market	market	NOUN
fbem-2750	89	26	competitiveness	competitiveness	NOUN
fbem-2750	89	27	.	.	PUNCT
fbem-2750	90	1	(	(	PUNCT
fbem-2750	90	2	3)the	3)the	DET
fbem-2750	90	3	government	government	NOUN
fbem-2750	90	4	needs	need	VERB
fbem-2750	90	5	to	to	PART
fbem-2750	90	6	provide	provide	VERB
fbem-2750	90	7	policy	policy	NOUN
fbem-2750	90	8	support	support	NOUN
fbem-2750	90	9	for	for	ADP
fbem-2750	90	10	the	the	DET
fbem-2750	90	11	digital	digital	ADJ
fbem-2750	90	12	transformation	transformation	NOUN
fbem-2750	90	13	of	of	ADP
fbem-2750	90	14	enterprises	enterprise	NOUN
fbem-2750	90	15	.	.	PUNCT
fbem-2750	91	1	the	the	DET
fbem-2750	91	2	government	government	NOUN
fbem-2750	91	3	needs	need	VERB
fbem-2750	91	4	to	to	PART
fbem-2750	91	5	provide	provide	VERB
fbem-2750	91	6	some	some	DET
fbem-2750	91	7	policy	policy	NOUN
fbem-2750	91	8	support	support	NOUN
fbem-2750	91	9	and	and	CCONJ
fbem-2750	91	10	guidance	guidance	NOUN
fbem-2750	91	11	to	to	PART
fbem-2750	91	12	guide	guide	VERB
fbem-2750	91	13	enterprises	enterprise	NOUN
fbem-2750	91	14	to	to	PART
fbem-2750	91	15	achieve	achieve	VERB
fbem-2750	91	16	deep	deep	ADJ
fbem-2750	91	17	integration	integration	NOUN
fbem-2750	91	18	with	with	ADP
fbem-2750	91	19	digital	digital	ADJ
fbem-2750	91	20	technology	technology	NOUN
fbem-2750	91	21	at	at	ADP
fbem-2750	91	22	the	the	DET
fbem-2750	91	23	level	level	NOUN
fbem-2750	91	24	of	of	ADP
fbem-2750	91	25	technological	technological	ADJ
fbem-2750	91	26	innovation	innovation	NOUN
fbem-2750	91	27	and	and	CCONJ
fbem-2750	91	28	organizational	organizational	ADJ
fbem-2750	91	29	structure	structure	NOUN
fbem-2750	91	30	.	.	PUNCT
fbem-2750	92	1	policy	policy	NOUN
fbem-2750	92	2	support	support	NOUN
fbem-2750	92	3	should	should	AUX
fbem-2750	92	4	be	be	AUX
fbem-2750	92	5	more	more	ADV
fbem-2750	92	6	differentiated	differentiated	ADJ
fbem-2750	92	7	,	,	PUNCT
fbem-2750	92	8	for	for	ADP
fbem-2750	92	9	different	different	ADJ
fbem-2750	92	10	size	size	NOUN
fbem-2750	92	11	of	of	ADP
fbem-2750	92	12	enterprises	enterprise	NOUN
fbem-2750	92	13	to	to	PART
fbem-2750	92	14	implement	implement	VERB
fbem-2750	92	15	different	different	ADJ
fbem-2750	92	16	policies	policy	NOUN
fbem-2750	92	17	.	.	PUNCT
fbem-2750	93	1	the	the	DET
fbem-2750	93	2	scale	scale	NOUN
fbem-2750	93	3	advantage	advantage	NOUN
fbem-2750	93	4	of	of	ADP
fbem-2750	93	5	large	large	ADJ
fbem-2750	93	6	enterprises	enterprise	NOUN
fbem-2750	93	7	is	be	AUX
fbem-2750	93	8	beyond	beyond	ADP
fbem-2750	93	9	the	the	DET
fbem-2750	93	10	reach	reach	NOUN
fbem-2750	93	11	of	of	ADP
fbem-2750	93	12	small	small	ADJ
fbem-2750	93	13	and	and	CCONJ
fbem-2750	93	14	micro	micro	ADJ
fbem-2750	93	15	enterprises	enterprise	NOUN
fbem-2750	93	16	,	,	PUNCT
fbem-2750	93	17	therefore	therefore	ADV
fbem-2750	93	18	,	,	PUNCT
fbem-2750	93	19	we	we	PRON
fbem-2750	93	20	must	must	AUX
fbem-2750	93	21	increase	increase	VERB
fbem-2750	93	22	the	the	DET
fbem-2750	93	23	support	support	NOUN
fbem-2750	93	24	for	for	ADP
fbem-2750	93	25	small	small	ADJ
fbem-2750	93	26	and	and	CCONJ
fbem-2750	93	27	micro	micro	ADJ
fbem-2750	93	28	enterprises	enterprise	NOUN
fbem-2750	93	29	so	so	SCONJ
fbem-2750	93	30	that	that	SCONJ
fbem-2750	93	31	they	they	PRON
fbem-2750	93	32	can	can	AUX
fbem-2750	93	33	successfully	successfully	ADV
fbem-2750	93	34	realize	realize	VERB
fbem-2750	93	35	digital	digital	ADJ
fbem-2750	93	36	transformation	transformation	NOUN
fbem-2750	93	37	.	.	PUNCT
fbem-2750	94	1	(	(	PUNCT
fbem-2750	94	2	4)optimize	4)optimize	NUM
fbem-2750	94	3	the	the	DET
fbem-2750	94	4	internal	internal	ADJ
fbem-2750	94	5	and	and	CCONJ
fbem-2750	94	6	external	external	ADJ
fbem-2750	94	7	market	market	NOUN
fbem-2750	94	8	environment	environment	NOUN
fbem-2750	94	9	,	,	PUNCT
fbem-2750	94	10	the	the	DET
fbem-2750	94	11	20th	20th	ADJ
fbem-2750	94	12	national	national	ADJ
fbem-2750	94	13	congress	congress	PROPN
fbem-2750	94	14	emphasizes	emphasize	VERB
fbem-2750	94	15	the	the	DET
fbem-2750	94	16	encouragement	encouragement	NOUN
fbem-2750	94	17	of	of	ADP
fbem-2750	94	18	enterprise	enterprise	NOUN
fbem-2750	94	19	innovation	innovation	NOUN
fbem-2750	94	20	and	and	CCONJ
fbem-2750	94	21	development	development	NOUN
fbem-2750	94	22	,	,	PUNCT
fbem-2750	94	23	the	the	DET
fbem-2750	94	24	global	global	ADJ
fbem-2750	94	25	digital	digital	ADJ
fbem-2750	94	26	trend	trend	NOUN
fbem-2750	94	27	is	be	AUX
fbem-2750	94	28	deepening	deepen	VERB
fbem-2750	94	29	,	,	PUNCT
fbem-2750	94	30	for	for	ADP
fbem-2750	94	31	china	china	PROPN
fbem-2750	94	32	's	's	PART
fbem-2750	94	33	enterprises	enterprise	NOUN
fbem-2750	94	34	,	,	PUNCT
fbem-2750	94	35	it	it	PRON
fbem-2750	94	36	is	be	AUX
fbem-2750	94	37	worth	worth	ADJ
fbem-2750	94	38	paying	pay	VERB
fbem-2750	94	39	attention	attention	NOUN
fbem-2750	94	40	to	to	ADP
fbem-2750	94	41	the	the	DET
fbem-2750	94	42	integration	integration	NOUN
fbem-2750	94	43	of	of	ADP
fbem-2750	94	44	digital	digital	ADJ
fbem-2750	94	45	technology	technology	NOUN
fbem-2750	94	46	and	and	CCONJ
fbem-2750	94	47	traditional	traditional	ADJ
fbem-2750	94	48	enterprise	enterprise	NOUN
fbem-2750	94	49	profitability	profitability	NOUN
fbem-2750	94	50	business	business	NOUN
fbem-2750	94	51	,	,	PUNCT
fbem-2750	94	52	the	the	DET
fbem-2750	94	53	reasonable	reasonable	ADJ
fbem-2750	94	54	introduction	introduction	NOUN
fbem-2750	94	55	of	of	ADP
fbem-2750	94	56	digital	digital	NOUN
fbem-2750	94	57	,	,	PUNCT
fbem-2750	94	58	to	to	PART
fbem-2750	94	59	create	create	VERB
fbem-2750	94	60	a	a	DET
fbem-2750	94	61	good	good	ADJ
fbem-2750	94	62	corporate	corporate	ADJ
fbem-2750	94	63	atmosphere	atmosphere	NOUN
fbem-2750	94	64	.	.	PUNCT
fbem-2750	95	1	for	for	ADP
fbem-2750	95	2	the	the	DET
fbem-2750	95	3	external	external	ADJ
fbem-2750	95	4	environment	environment	NOUN
fbem-2750	95	5	it	it	PRON
fbem-2750	95	6	is	be	AUX
fbem-2750	95	7	necessary	necessary	ADJ
fbem-2750	95	8	to	to	PART
fbem-2750	95	9	guide	guide	VERB
fbem-2750	95	10	the	the	DET
fbem-2750	95	11	flow	flow	NOUN
fbem-2750	95	12	of	of	ADP
fbem-2750	95	13	talents	talent	NOUN
fbem-2750	95	14	and	and	CCONJ
fbem-2750	95	15	capital	capital	NOUN
fbem-2750	95	16	,	,	PUNCT
fbem-2750	95	17	and	and	CCONJ
fbem-2750	95	18	through	through	ADP
fbem-2750	95	19	adequate	adequate	ADJ
fbem-2750	95	20	market	market	NOUN
fbem-2750	95	21	coordination	coordination	NOUN
fbem-2750	95	22	and	and	CCONJ
fbem-2750	95	23	policies	policy	NOUN
fbem-2750	95	24	,	,	PUNCT
fbem-2750	95	25	focus	focus	VERB
fbem-2750	95	26	on	on	ADP
fbem-2750	95	27	digital	digital	ADJ
fbem-2750	95	28	transformation	transformation	NOUN
fbem-2750	95	29	and	and	CCONJ
fbem-2750	95	30	corporate	corporate	ADJ
fbem-2750	95	31	transformation	transformation	NOUN
fbem-2750	95	32	in	in	ADP
fbem-2750	95	33	terms	term	NOUN
fbem-2750	95	34	of	of	ADP
fbem-2750	95	35	talent	talent	NOUN
fbem-2750	95	36	training	training	NOUN
fbem-2750	95	37	and	and	CCONJ
fbem-2750	95	38	patent	patent	NOUN
fbem-2750	95	39	protection	protection	NOUN
fbem-2750	95	40	to	to	PART
fbem-2750	95	41	form	form	VERB
fbem-2750	95	42	an	an	DET
fbem-2750	95	43	external	external	ADJ
fbem-2750	95	44	environment	environment	NOUN
fbem-2750	95	45	suitable	suitable	ADJ
fbem-2750	95	46	for	for	ADP
fbem-2750	95	47	transformation	transformation	NOUN
fbem-2750	95	48	and	and	CCONJ
fbem-2750	95	49	further	far	ADV
fbem-2750	95	50	enhance	enhance	VERB
fbem-2750	95	51	the	the	DET
fbem-2750	95	52	intrinsic	intrinsic	ADJ
fbem-2750	95	53	value	value	NOUN
fbem-2750	95	54	of	of	ADP
fbem-2750	95	55	enterprises	enterprise	NOUN
fbem-2750	95	56	.	.	PUNCT
fbem-2750	96	1	acknowledgment	acknowledgment	NOUN
fbem-2750	96	2	this	this	DET
fbem-2750	96	3	work	work	NOUN
fbem-2750	96	4	is	be	AUX
fbem-2750	96	5	supported	support	VERB
fbem-2750	96	6	by	by	ADP
fbem-2750	96	7	anhui	anhui	PROPN
fbem-2750	96	8	university	university	PROPN
fbem-2750	96	9	of	of	ADP
fbem-2750	96	10	finance	finance	PROPN
fbem-2750	96	11	and	and	CCONJ
fbem-2750	96	12	economics	economic	NOUN
fbem-2750	96	13	undergraduate	undergraduate	PROPN
fbem-2750	96	14	research	research	NOUN
fbem-2750	96	15	innovation	innovation	NOUN
fbem-2750	96	16	fund	fund	PROPN
fbem-2750	96	17	project	project	NOUN
fbem-2750	96	18	fund	fund	NOUN
fbem-2750	96	19	,	,	PUNCT
fbem-2750	96	20	project	project	NOUN
fbem-2750	96	21	number	number	NOUN
fbem-2750	96	22	:	:	PUNCT
fbem-2750	96	23	xsky22038zd	xsky22038zd	PROPN
fbem-2750	96	24	.	.	PUNCT
fbem-2750	97	1	references	reference	NOUN
fbem-2750	97	2	[	[	X
fbem-2750	97	3	1	1	NUM
fbem-2750	97	4	]	]	X
fbem-2750	97	5	h.y	h.y	PROPN
fbem-2750	97	6	.	.	PROPN
fbem-2750	97	7	liu	liu	PROPN
fbem-2750	97	8	,	,	PUNCT
fbem-2750	97	9	s.j	s.j	PROPN
fbem-2750	97	10	.	.	PROPN
fbem-2750	97	11	guo	guo	PROPN
fbem-2750	97	12	:	:	PUNCT
fbem-2750	97	13	short	short	ADJ
fbem-2750	97	14	loans	loan	NOUN
fbem-2750	97	15	and	and	CCONJ
fbem-2750	97	16	long	long	ADJ
fbem-2750	97	17	investments	investment	NOUN
fbem-2750	97	18	,	,	PUNCT
fbem-2750	97	19	bankenterprise	bankenterprise	ADJ
fbem-2750	97	20	linkages	linkage	NOUN
fbem-2750	97	21	and	and	CCONJ
fbem-2750	97	22	corporate	corporate	ADJ
fbem-2750	97	23	debt	debt	NOUN
fbem-2750	97	24	default	default	NOUN
fbem-2750	97	25	risk[j	risk[j	NOUN
fbem-2750	97	26	]	]	PUNCT
fbem-2750	97	27	.	.	PUNCT
fbem-2750	98	1	finance	finance	NOUN
fbem-2750	98	2	and	and	CCONJ
fbem-2750	98	3	economics,2022(10):69	economics,2022(10):69	NOUN
fbem-2750	98	4	-	-	PUNCT
fbem-2750	98	5	78	78	NUM
fbem-2750	98	6	.	.	PUNCT
fbem-2750	98	7	45	45	NUM
fbem-2750	99	1	[	[	X
fbem-2750	99	2	2	2	X
fbem-2750	99	3	]	]	X
fbem-2750	99	4	y.q	y.q	PROPN
fbem-2750	99	5	.	.	PROPN
fbem-2750	100	1	zhang	zhang	PROPN
fbem-2750	100	2	,	,	PUNCT
fbem-2750	100	3	t.h	t.h	PROPN
fbem-2750	100	4	.	.	PROPN
fbem-2750	100	5	luan	luan	PROPN
fbem-2750	100	6	:	:	PUNCT
fbem-2750	100	7	digital	digital	ADJ
fbem-2750	100	8	transformation	transformation	NOUN
fbem-2750	100	9	and	and	CCONJ
fbem-2750	100	10	dynamic	dynamic	ADJ
fbem-2750	100	11	adjustment	adjustment	NOUN
fbem-2750	100	12	of	of	ADP
fbem-2750	100	13	capital	capital	NOUN
fbem-2750	100	14	structure	structure	NOUN
fbem-2750	100	15	of	of	ADP
fbem-2750	100	16	enterprises	enterprise	NOUN
fbem-2750	100	17	in	in	ADP
fbem-2750	100	18	the	the	DET
fbem-2750	100	19	digital	digital	ADJ
fbem-2750	100	20	economy	economy	NOUN
fbem-2750	101	1	[	[	X
fbem-2750	101	2	j	j	X
fbem-2750	101	3	/	/	SYM
fbem-2750	101	4	ol	ol	PROPN
fbem-2750	101	5	]	]	PUNCT
fbem-2750	101	6	.	.	PUNCT
fbem-2750	102	1	north	north	PROPN
fbem-2750	102	2	china	china	PROPN
fbem-2750	102	3	finance,2022(10):69	finance,2022(10):69	NOUN
fbem-2750	102	4	-	-	PUNCT
fbem-2750	102	5	78	78	NUM
fbem-2750	103	1	[	[	X
fbem-2750	103	2	202211	202211	NUM
fbem-2750	103	3	-	-	SYM
fbem-2750	103	4	09	09	NUM
fbem-2750	103	5	]	]	PUNCT
fbem-2750	103	6	.	.	PUNCT
fbem-2750	104	1	[	[	X
fbem-2750	104	2	3	3	X
fbem-2750	104	3	]	]	X
fbem-2750	104	4	w.	w.	PROPN
fbem-2750	104	5	zhang	zhang	PROPN
fbem-2750	104	6	:	:	PUNCT
fbem-2750	104	7	analysis	analysis	NOUN
fbem-2750	104	8	of	of	ADP
fbem-2750	104	9	key	key	ADJ
fbem-2750	104	10	factors	factor	NOUN
fbem-2750	104	11	and	and	CCONJ
fbem-2750	104	12	guarantees	guarantee	NOUN
fbem-2750	104	13	for	for	ADP
fbem-2750	104	14	digital	digital	ADJ
fbem-2750	104	15	transformation	transformation	NOUN
fbem-2750	104	16	of	of	ADP
fbem-2750	104	17	enterprises	enterprise	NOUN
fbem-2750	104	18	--	--	PUNCT
fbem-2750	104	19	a	a	DET
fbem-2750	104	20	case	case	NOUN
fbem-2750	104	21	study	study	NOUN
fbem-2750	104	22	of	of	ADP
fbem-2750	104	23	companies	company	NOUN
fbem-2750	104	24	listed	list	VERB
fbem-2750	104	25	on	on	ADP
fbem-2750	104	26	the	the	DET
fbem-2750	104	27	science	science	NOUN
fbem-2750	104	28	and	and	CCONJ
fbem-2750	104	29	technology	technology	NOUN
fbem-2750	104	30	innovation	innovation	NOUN
fbem-2750	104	31	board[j	board[j	PROPN
fbem-2750	104	32	]	]	PUNCT
fbem-2750	104	33	.	.	PUNCT
fbem-2750	105	1	people	people	NOUN
fbem-2750	105	2	's	's	PART
fbem-2750	105	3	forum	forum	PROPN
fbem-2750	105	4	academic	academic	PROPN
fbem-2750	105	5	frontier,2022(18):70	frontier,2022(18):70	PROPN
fbem-2750	105	6	-	-	PUNCT
fbem-2750	105	7	78	78	NUM
fbem-2750	105	8	.	.	PUNCT
fbem-2750	106	1	[	[	X
fbem-2750	106	2	4	4	NUM
fbem-2750	106	3	]	]	X
fbem-2750	106	4	c.y	c.y	PROPN
fbem-2750	106	5	.	.	PROPN
fbem-2750	106	6	zhao	zhao	PROPN
fbem-2750	106	7	,	,	PUNCT
fbem-2750	106	8	w.c	w.c	PROPN
fbem-2750	106	9	.	.	PROPN
fbem-2750	106	10	wang	wang	PROPN
fbem-2750	106	11	,	,	PUNCT
fbem-2750	106	12	x.s	x.s	PROPN
fbem-2750	106	13	.	.	PUNCT
fbem-2750	106	14	li	li	PROPN
fbem-2750	106	15	:	:	PUNCT
fbem-2750	106	16	how	how	SCONJ
fbem-2750	106	17	digital	digital	ADJ
fbem-2750	106	18	transformation	transformation	NOUN
fbem-2750	106	19	affects	affect	VERB
fbem-2750	106	20	total	total	ADJ
fbem-2750	106	21	factor	factor	NOUN
fbem-2750	106	22	productivity	productivity	NOUN
fbem-2750	106	23	of	of	ADP
fbem-2750	106	24	enterprises[j	enterprises[j	PROPN
fbem-2750	106	25	]	]	PUNCT
fbem-2750	106	26	.	.	PUNCT
fbem-2750	107	1	finance	finance	NOUN
fbem-2750	107	2	and	and	CCONJ
fbem-2750	107	3	trade	trade	NOUN
fbem-2750	107	4	economics,2021,42(07):114	economics,2021,42(07):114	PROPN
fbem-2750	107	5	-	-	PROPN
fbem-2750	107	6	129	129	NUM
fbem-2750	107	7	.	.	PUNCT
fbem-2750	108	1	[	[	X
fbem-2750	108	2	5	5	NUM
fbem-2750	108	3	]	]	PUNCT
fbem-2750	108	4	wu	wu	PROPN
fbem-2750	108	5	fei	fei	PROPN
fbem-2750	108	6	,	,	PUNCT
fbem-2750	108	7	hu	hu	PROPN
fbem-2750	108	8	huizhi	huizhi	PROPN
fbem-2750	108	9	,	,	PUNCT
fbem-2750	108	10	lin	lin	PROPN
fbem-2750	108	11	huiyan	huiyan	VERB
fbem-2750	108	12	,	,	PUNCT
fbem-2750	108	13	ren	ren	PROPN
fbem-2750	108	14	xiaoyi	xiaoyi	PROPN
fbem-2750	108	15	.	.	PUNCT
fbem-2750	109	1	corporate	corporate	ADJ
fbem-2750	109	2	digital	digital	ADJ
fbem-2750	109	3	transformation	transformation	NOUN
fbem-2750	109	4	and	and	CCONJ
fbem-2750	109	5	capital	capital	NOUN
fbem-2750	109	6	market	market	NOUN
fbem-2750	109	7	performance	performance	NOUN
fbem-2750	109	8	-	-	PUNCT
fbem-2750	109	9	empirical	empirical	ADJ
fbem-2750	109	10	evidence	evidence	NOUN
fbem-2750	109	11	from	from	ADP
fbem-2750	109	12	stock	stock	NOUN
fbem-2750	109	13	liquidity[j	liquidity[j	PROPN
fbem-2750	109	14	]	]	PUNCT
fbem-2750	109	15	.	.	PUNCT
fbem-2750	110	1	management	management	NOUN
fbem-2750	110	2	world	world	NOUN
fbem-2750	110	3	,	,	PUNCT
fbem-2750	110	4	2021	2021	NUM
fbem-2750	110	5	,	,	PUNCT
fbem-2750	110	6	37(07):130	37(07):130	NUM
fbem-2750	110	7	-	-	SYM
fbem-2750	110	8	144	144	NUM
fbem-2750	110	9	+	+	NOUN
fbem-2750	110	10	10	10	NUM
fbem-2750	110	11	.	.	PUNCT
fbem-2750	111	1	[	[	X
fbem-2750	111	2	6	6	NUM
fbem-2750	111	3	]	]	X
fbem-2750	111	4	huang	huang	PROPN
fbem-2750	111	5	,	,	PUNCT
fbem-2750	111	6	dayu	dayu	PROPN
fbem-2750	111	7	,	,	PUNCT
fbem-2750	111	8	xie	xie	PROPN
fbem-2750	111	9	,	,	PUNCT
fbem-2750	111	10	xuebao	xuebao	PROPN
fbem-2750	111	11	,	,	PUNCT
fbem-2750	111	12	zou	zou	PROPN
fbem-2750	111	13	,	,	PUNCT
fbem-2750	111	14	mengting	mengte	VERB
fbem-2750	111	15	.	.	PUNCT
fbem-2750	111	16	has	have	AUX
fbem-2750	111	17	digital	digital	ADJ
fbem-2750	111	18	transformation	transformation	NOUN
fbem-2750	111	19	improved	improve	VERB
fbem-2750	111	20	the	the	DET
fbem-2750	111	21	factor	factor	NOUN
fbem-2750	111	22	allocation	allocation	NOUN
fbem-2750	111	23	efficiency	efficiency	NOUN
fbem-2750	111	24	of	of	ADP
fbem-2750	111	25	firms	firm	NOUN
fbem-2750	111	26	?	?	PUNCT
fbem-2750	112	1	--empirical	--empirical	PUNCT
fbem-2750	112	2	evidence	evidence	NOUN
fbem-2750	112	3	from	from	ADP
fbem-2750	112	4	textual	textual	ADJ
fbem-2750	112	5	analysis	analysis	NOUN
fbem-2750	112	6	of	of	ADP
fbem-2750	112	7	chinese	chinese	ADJ
fbem-2750	112	8	listed	list	VERB
fbem-2750	112	9	firms	firm	NOUN
fbem-2750	112	10	'	'	PART
fbem-2750	112	11	annual	annual	ADJ
fbem-2750	112	12	reports[j	reports[j	PROPN
fbem-2750	112	13	]	]	PUNCT
fbem-2750	112	14	.	.	PUNCT
fbem-2750	113	1	finance	finance	NOUN
fbem-2750	113	2	and	and	CCONJ
fbem-2750	113	3	economics	economic	NOUN
fbem-2750	113	4	,	,	PUNCT
fbem-2750	113	5	2022(06):3	2022(06):3	NUM
fbem-2750	113	6	-	-	SYM
fbem-2750	113	7	11	11	NUM
fbem-2750	113	8	.	.	PUNCT
fbem-2750	114	1	[	[	X
fbem-2750	114	2	7	7	NUM
fbem-2750	114	3	]	]	SYM
fbem-2750	114	4	hu	hu	PROPN
fbem-2750	114	5	jie	jie	PROPN
fbem-2750	114	6	,	,	PUNCT
fbem-2750	114	7	han	han	PROPN
fbem-2750	114	8	yiming	yiming	PROPN
fbem-2750	114	9	,	,	PUNCT
fbem-2750	114	10	zhong	zhong	PROPN
fbem-2750	114	11	yong	yong	PROPN
fbem-2750	114	12	.	.	PUNCT
fbem-2750	115	1	how	how	SCONJ
fbem-2750	115	2	corporate	corporate	ADJ
fbem-2750	115	3	digital	digital	ADJ
fbem-2750	115	4	transformation	transformation	NOUN
fbem-2750	115	5	affects	affect	VERB
fbem-2750	115	6	corporate	corporate	ADJ
fbem-2750	115	7	esg	esg	NOUN
fbem-2750	115	8	performance	performance	NOUN
fbem-2750	115	9	evidence	evidence	NOUN
fbem-2750	115	10	from	from	ADP
fbem-2750	115	11	chinese	chinese	ADJ
fbem-2750	115	12	listed	list	VERB
fbem-2750	115	13	companies[j	companies[j	PROPN
fbem-2750	115	14	/	/	SYM
fbem-2750	115	15	ol	ol	PROPN
fbem-2750	115	16	]	]	PUNCT
fbem-2750	115	17	.	.	PUNCT
fbem-2750	116	1	industrial	industrial	ADJ
fbem-2750	116	2	economics	economic	NOUN
fbem-2750	116	3	review:1	review:1	X
fbem-2750	116	4	-	-	SYM
fbem-2750	116	5	20	20	NUM
fbem-2750	117	1	[	[	NOUN
fbem-2750	117	2	2022	2022	NUM
fbem-2750	117	3	-	-	SYM
fbem-2750	117	4	11	11	NUM
fbem-2750	117	5	-	-	SYM
fbem-2750	117	6	09	09	NUM
fbem-2750	117	7	]	]	PUNCT
fbem-2750	117	8	.	.	PUNCT
fbem-2750	118	1	[	[	X
fbem-2750	118	2	8	8	NUM
fbem-2750	118	3	]	]	X
fbem-2750	118	4	sun	sun	NOUN
fbem-2750	118	5	,	,	PUNCT
fbem-2750	118	6	feng'e	feng'e	PROPN
fbem-2750	118	7	.	.	X
fbem-2750	118	8	are	be	AUX
fbem-2750	118	9	short	short	ADJ
fbem-2750	118	10	loans	loan	NOUN
fbem-2750	118	11	and	and	CCONJ
fbem-2750	118	12	long	long	ADJ
fbem-2750	118	13	investments	investment	NOUN
fbem-2750	118	14	a	a	DET
fbem-2750	118	15	forced	force	VERB
fbem-2750	118	16	behavior	behavior	NOUN
fbem-2750	118	17	of	of	ADP
fbem-2750	118	18	firms	firm	NOUN
fbem-2750	118	19	?	?	PUNCT
fbem-2750	119	1	--based	--base	VERB
fbem-2750	119	2	on	on	ADP
fbem-2750	119	3	the	the	DET
fbem-2750	119	4	perspective	perspective	NOUN
fbem-2750	119	5	of	of	ADP
fbem-2750	119	6	managerial	managerial	ADJ
fbem-2750	119	7	overconfidence[j	overconfidence[j	PROPN
fbem-2750	119	8	]	]	PUNCT
fbem-2750	119	9	.	.	PUNCT
fbem-2750	120	1	finance	finance	NOUN
fbem-2750	120	2	and	and	CCONJ
fbem-2750	120	3	economics	economic	NOUN
fbem-2750	120	4	series	series	NOUN
fbem-2750	120	5	,	,	PUNCT
fbem-2750	120	6	2019	2019	NUM
fbem-2750	120	7	(	(	PUNCT
fbem-2750	120	8	06	06	NUM
fbem-2750	120	9	):	):	PUNCT
fbem-2750	120	10	73	73	NUM
fbem-2750	120	11	-	-	SYM
fbem-2750	120	12	82	82	NUM
fbem-2750	120	13	.	.	PUNCT
fbem-2750	121	1	[	[	X
fbem-2750	121	2	9	9	NUM
fbem-2750	121	3	]	]	X
fbem-2750	121	4	sheng	sheng	PROPN
fbem-2750	121	5	,	,	PUNCT
fbem-2750	121	6	mingquan	mingquan	PROPN
fbem-2750	121	7	,	,	PUNCT
fbem-2750	121	8	ren	ren	PROPN
fbem-2750	121	9	,	,	PUNCT
fbem-2750	121	10	qiao	qiao	PROPN
fbem-2750	121	11	,	,	PUNCT
fbem-2750	121	12	bao	bao	PROPN
fbem-2750	121	13	,	,	PUNCT
fbem-2750	121	14	qun	qun	PROPN
fbem-2750	121	15	.	.	PUNCT
fbem-2750	122	1	study	study	NOUN
fbem-2750	122	2	on	on	ADP
fbem-2750	122	3	the	the	DET
fbem-2750	122	4	relationship	relationship	NOUN
fbem-2750	122	5	between	between	ADP
fbem-2750	122	6	short	short	ADJ
fbem-2750	122	7	term	term	NOUN
fbem-2750	122	8	loans	loan	NOUN
fbem-2750	122	9	and	and	CCONJ
fbem-2750	122	10	long	long	ADJ
fbem-2750	122	11	term	term	NOUN
fbem-2750	122	12	investment	investment	NOUN
fbem-2750	122	13	and	and	CCONJ
fbem-2750	122	14	total	total	ADJ
fbem-2750	122	15	factor	factor	NOUN
fbem-2750	122	16	productivity[j	productivity[j	NOUN
fbem-2750	122	17	]	]	PUNCT
fbem-2750	122	18	.	.	PUNCT
fbem-2750	123	1	asia	asia	PROPN
fbem-2750	123	2	-	-	PUNCT
fbem-2750	123	3	pacific	pacific	PROPN
fbem-2750	123	4	economy	economy	NOUN
fbem-2750	123	5	,	,	PUNCT
fbem-2750	123	6	2020	2020	NUM
fbem-2750	123	7	(	(	PUNCT
fbem-2750	123	8	01	01	NUM
fbem-2750	123	9	):	):	PUNCT
fbem-2750	123	10	116	116	NUM
fbem-2750	123	11	-	-	SYM
fbem-2750	123	12	126	126	NUM
fbem-2750	123	13	+	+	NOUN
fbem-2750	123	14	152	152	NUM
fbem-2750	123	15	.	.	PUNCT
fbem-2750	124	1	[	[	X
fbem-2750	124	2	10	10	NUM
fbem-2750	124	3	]	]	X
fbem-2750	124	4	liu	liu	PROPN
fbem-2750	124	5	hongzhong	hongzhong	PROPN
fbem-2750	124	6	,	,	PUNCT
fbem-2750	124	7	zhao	zhao	PROPN
fbem-2750	124	8	jiao	jiao	PROPN
fbem-2750	124	9	yang	yang	PROPN
fbem-2750	124	10	.	.	PUNCT
fbem-2750	125	1	economic	economic	ADJ
fbem-2750	125	2	policy	policy	NOUN
fbem-2750	125	3	uncertainty	uncertainty	NOUN
fbem-2750	125	4	,	,	PUNCT
fbem-2750	125	5	financing	financing	NOUN
fbem-2750	125	6	risk	risk	NOUN
fbem-2750	125	7	and	and	CCONJ
fbem-2750	125	8	corporate	corporate	ADJ
fbem-2750	125	9	short	short	ADJ
fbem-2750	125	10	term	term	NOUN
fbem-2750	125	11	lending	lending	NOUN
fbem-2750	125	12	and	and	CCONJ
fbem-2750	125	13	long	long	ADJ
fbem-2750	125	14	term	term	NOUN
fbem-2750	125	15	investment[j	investment[j	NOUN
fbem-2750	125	16	]	]	PUNCT
fbem-2750	125	17	.	.	PUNCT
fbem-2750	126	1	shanghai	shanghai	PROPN
fbem-2750	126	2	finance,2021(01):12	finance,2021(01):12	PROPN
fbem-2750	126	3	-	-	PUNCT
fbem-2750	126	4	23	23	NUM
fbem-2750	126	5	.	.	PUNCT
fbem-2750	127	1	[	[	X
fbem-2750	127	2	11	11	NUM
fbem-2750	127	3	]	]	X
fbem-2750	127	4	yeh	yeh	PROPN
fbem-2750	127	5	,	,	PUNCT
fbem-2750	127	6	c.	c.	PROPN
fbem-2750	127	7	w.	w.	PROPN
fbem-2750	127	8	,	,	PUNCT
fbem-2750	127	9	zhang	zhang	PROPN
fbem-2750	127	10	,	,	PUNCT
fbem-2750	127	11	x.	x.	PROPN
fbem-2750	127	12	m.	m.	PROPN
fbem-2750	127	13	,	,	PUNCT
fbem-2750	127	14	hu	hu	PROPN
fbem-2750	127	15	,	,	PUNCT
fbem-2750	127	16	c.	c.	PROPN
fbem-2750	127	17	w	w	PROPN
fbem-2750	127	18	..	..	PUNCT
fbem-2750	127	19	why	why	SCONJ
fbem-2750	127	20	do	do	AUX
fbem-2750	127	21	firms	firm	NOUN
fbem-2750	127	22	lend	lend	VERB
fbem-2750	127	23	short	short	ADJ
fbem-2750	127	24	and	and	CCONJ
fbem-2750	127	25	invest	invest	VERB
fbem-2750	127	26	long	long	ADV
fbem-2750	127	27	?	?	PUNCT
fbem-2750	128	1	--an	--an	PROPN
fbem-2750	128	2	explanation	explanation	NOUN
fbem-2750	128	3	based	base	VERB
fbem-2750	128	4	on	on	ADP
fbem-2750	128	5	a	a	DET
fbem-2750	128	6	corporate	corporate	ADJ
fbem-2750	128	7	strategy	strategy	NOUN
fbem-2750	128	8	perspective	perspective	NOUN
fbem-2750	129	1	[	[	X
fbem-2750	129	2	j	j	X
fbem-2750	129	3	/	/	SYM
fbem-2750	129	4	ol	ol	PROPN
fbem-2750	129	5	]	]	PUNCT
fbem-2750	129	6	.	.	PUNCT
fbem-2750	130	1	nankai	nankai	PROPN
fbem-2750	130	2	management	management	PROPN
fbem-2750	130	3	review:1	review:1	PROPN
fbem-2750	130	4	-	-	SYM
fbem-2750	130	5	30	30	NUM
fbem-2750	131	1	[	[	X
fbem-2750	131	2	202211	202211	NUM
fbem-2750	131	3	-	-	SYM
fbem-2750	131	4	09	09	NUM
fbem-2750	131	5	]	]	PUNCT
fbem-2750	131	6	.	.	PUNCT
fbem-2750	132	1	[	[	X
fbem-2750	132	2	12	12	NUM
fbem-2750	132	3	]	]	X
fbem-2750	132	4	deng	deng	PROPN
fbem-2750	132	5	bo	bo	PROPN
fbem-2750	132	6	.	.	PUNCT
fbem-2750	133	1	a	a	DET
fbem-2750	133	2	study	study	NOUN
fbem-2750	133	3	on	on	ADP
fbem-2750	133	4	the	the	DET
fbem-2750	133	5	impact	impact	NOUN
fbem-2750	133	6	of	of	ADP
fbem-2750	133	7	digital	digital	ADJ
fbem-2750	133	8	transformation	transformation	NOUN
fbem-2750	133	9	on	on	ADP
fbem-2750	133	10	business	business	NOUN
fbem-2750	133	11	investment	investment	NOUN
fbem-2750	134	1	[	[	X
fbem-2750	134	2	j	j	X
fbem-2750	134	3	/	/	SYM
fbem-2750	134	4	ol	ol	PROPN
fbem-2750	134	5	]	]	PUNCT
fbem-2750	134	6	.	.	PUNCT
fbem-2750	135	1	price	price	NOUN
fbem-2750	135	2	theory	theory	NOUN
fbem-2750	135	3	and	and	CCONJ
fbem-2750	135	4	practice:1	practice:1	NOUN
fbem-2750	135	5	-	-	SYM
fbem-2750	135	6	4	4	NUM
fbem-2750	136	1	[	[	NOUN
fbem-2750	136	2	2022	2022	NUM
fbem-2750	136	3	-	-	SYM
fbem-2750	136	4	11	11	NUM
fbem-2750	136	5	-	-	SYM
fbem-2750	136	6	09	09	NUM
fbem-2750	136	7	]	]	PUNCT
fbem-2750	136	8	.	.	PUNCT
fbem-2750	137	1	[	[	X
fbem-2750	137	2	13	13	NUM
fbem-2750	137	3	]	]	X
fbem-2750	137	4	liu	liu	PROPN
fbem-2750	137	5	guanchun	guanchun	PROPN
fbem-2750	137	6	,	,	PUNCT
fbem-2750	137	7	ye	ye	PROPN
fbem-2750	137	8	yongwei	yongwei	NOUN
fbem-2750	137	9	.	.	PUNCT
fbem-2750	138	1	economic	economic	ADJ
fbem-2750	138	2	policy	policy	NOUN
fbem-2750	138	3	uncertainty	uncertainty	NOUN
fbem-2750	138	4	and	and	CCONJ
fbem-2750	138	5	real	real	ADJ
fbem-2750	138	6	enterprises	enterprise	NOUN
fbem-2750	138	7	'	'	PART
fbem-2750	138	8	short	short	ADJ
fbem-2750	138	9	loans	loan	NOUN
fbem-2750	138	10	and	and	CCONJ
fbem-2750	138	11	long	long	ADJ
fbem-2750	138	12	investments[j	investments[j	NOUN
fbem-2750	138	13	]	]	PUNCT
fbem-2750	138	14	.	.	PUNCT
fbem-2750	139	1	statistical	statistical	ADJ
fbem-2750	139	2	research,2022,39(03):69	research,2022,39(03):69	NOUN
fbem-2750	139	3	-	-	SYM
fbem-2750	139	4	82	82	NUM
fbem-2750	139	5	.	.	PUNCT