id	sid	tid	token	lemma	pos
fbem-28	1	1	frontiers	frontier	NOUN
fbem-28	1	2	in	in	ADP
fbem-28	1	3	business	business	NOUN
fbem-28	1	4	,	,	PUNCT
fbem-28	1	5	economics	economic	NOUN
fbem-28	1	6	and	and	CCONJ
fbem-28	1	7	management	management	NOUN
fbem-28	1	8	issn	issn	PROPN
fbem-28	1	9	:	:	PUNCT
fbem-28	1	10	2766	2766	NUM
fbem-28	1	11	-	-	PUNCT
fbem-28	1	12	824x	824x	NUM
fbem-28	1	13	|	|	ADJ
fbem-28	1	14	vol	vol	NOUN
fbem-28	1	15	.	.	PROPN
fbem-28	2	1	2	2	NUM
fbem-28	2	2	,	,	PUNCT
fbem-28	2	3	no	no	INTJ
fbem-28	2	4	.	.	NOUN
fbem-28	2	5	1	1	NUM
fbem-28	2	6	,	,	PUNCT
fbem-28	2	7	2021	2021	NUM
fbem-28	2	8	8	8	NUM
fbem-28	2	9	research	research	NOUN
fbem-28	2	10	on	on	ADP
fbem-28	2	11	stock	stock	NOUN
fbem-28	2	12	return	return	NOUN
fbem-28	2	13	rate	rate	NOUN
fbem-28	2	14	-focus	-focus	PROPN
fbem-28	2	15	on	on	ADP
fbem-28	2	16	relationship	relationship	NOUN
fbem-28	2	17	among	among	ADP
fbem-28	2	18	stock	stock	NOUN
fbem-28	2	19	return	return	NOUN
fbem-28	2	20	rate	rate	NOUN
fbem-28	2	21	,	,	PUNCT
fbem-28	2	22	market	market	NOUN
fbem-28	2	23	return	return	NOUN
fbem-28	2	24	rate	rate	NOUN
fbem-28	2	25	,	,	PUNCT
fbem-28	2	26	risk	risk	NOUN
fbem-28	2	27	-	-	PUNCT
fbem-28	2	28	free	free	ADJ
fbem-28	2	29	rate	rate	NOUN
fbem-28	2	30	and	and	CCONJ
fbem-28	2	31	other	other	ADJ
fbem-28	2	32	stock	stock	NOUN
fbem-28	2	33	return	return	NOUN
fbem-28	2	34	rate	rate	NOUN
fbem-28	2	35	in	in	ADP
fbem-28	2	36	chinese	chinese	ADJ
fbem-28	2	37	stock	stock	NOUN
fbem-28	2	38	market	market	PROPN
fbem-28	2	39	han	han	PROPN
fbem-28	2	40	yu	yu	PROPN
fbem-28	2	41	economic	economic	ADJ
fbem-28	2	42	and	and	CCONJ
fbem-28	2	43	financial	financial	ADJ
fbem-28	2	44	research	research	PROPN
fbem-28	2	45	institute	institute	PROPN
fbem-28	2	46	in	in	ADP
fbem-28	2	47	nanjing	nanjing	PROPN
fbem-28	2	48	audit	audit	PROPN
fbem-28	2	49	university	university	PROPN
fbem-28	2	50	,	,	PUNCT
fbem-28	2	51	nanjing	nanjing	PROPN
fbem-28	2	52	,	,	PUNCT
fbem-28	2	53	jiangsu	jiangsu	PROPN
fbem-28	2	54	province	province	PROPN
fbem-28	2	55	,	,	PUNCT
fbem-28	2	56	211800	211800	NUM
fbem-28	2	57	,	,	PUNCT
fbem-28	2	58	china	china	PROPN
fbem-28	2	59	abstract	abstract	NOUN
fbem-28	2	60	:	:	PUNCT
fbem-28	2	61	there	there	PRON
fbem-28	2	62	is	be	VERB
fbem-28	2	63	a	a	DET
fbem-28	2	64	certain	certain	ADJ
fbem-28	2	65	relationship	relationship	NOUN
fbem-28	2	66	among	among	ADP
fbem-28	2	67	stock	stock	NOUN
fbem-28	2	68	return	return	NOUN
fbem-28	2	69	rate	rate	NOUN
fbem-28	2	70	,	,	PUNCT
fbem-28	2	71	market	market	NOUN
fbem-28	2	72	return	return	NOUN
fbem-28	2	73	rate	rate	NOUN
fbem-28	2	74	and	and	CCONJ
fbem-28	2	75	risk	risk	NOUN
fbem-28	2	76	-	-	PUNCT
fbem-28	2	77	free	free	ADJ
fbem-28	2	78	interest	interest	NOUN
fbem-28	2	79	rate	rate	NOUN
fbem-28	2	80	,	,	PUNCT
fbem-28	2	81	which	which	PRON
fbem-28	2	82	is	be	AUX
fbem-28	2	83	worth	worth	ADJ
fbem-28	2	84	discussing	discuss	VERB
fbem-28	2	85	,	,	PUNCT
fbem-28	2	86	and	and	CCONJ
fbem-28	2	87	it	it	PRON
fbem-28	2	88	is	be	AUX
fbem-28	2	89	helpful	helpful	ADJ
fbem-28	2	90	for	for	SCONJ
fbem-28	2	91	us	we	PRON
fbem-28	2	92	to	to	PART
fbem-28	2	93	analyze	analyze	VERB
fbem-28	2	94	stocks	stock	NOUN
fbem-28	2	95	and	and	CCONJ
fbem-28	2	96	evaluate	evaluate	VERB
fbem-28	2	97	their	their	PRON
fbem-28	2	98	prices	price	NOUN
fbem-28	2	99	.	.	PUNCT
fbem-28	3	1	i	i	PRON
fbem-28	3	2	have	have	AUX
fbem-28	3	3	found	find	VERB
fbem-28	3	4	that	that	SCONJ
fbem-28	3	5	the	the	DET
fbem-28	3	6	market	market	NOUN
fbem-28	3	7	return	return	NOUN
fbem-28	3	8	rate	rate	NOUN
fbem-28	3	9	and	and	CCONJ
fbem-28	3	10	riskfree	riskfree	NOUN
fbem-28	3	11	rate	rate	NOUN
fbem-28	3	12	have	have	VERB
fbem-28	3	13	correlation	correlation	NOUN
fbem-28	3	14	through	through	ADP
fbem-28	3	15	multiple	multiple	ADJ
fbem-28	3	16	regression	regression	NOUN
fbem-28	3	17	,	,	PUNCT
fbem-28	3	18	and	and	CCONJ
fbem-28	3	19	other	other	ADJ
fbem-28	3	20	stock	stock	NOUN
fbem-28	3	21	's	's	PART
fbem-28	3	22	return	return	NOUN
fbem-28	3	23	rate	rate	NOUN
fbem-28	3	24	can	can	AUX
fbem-28	3	25	affect	affect	VERB
fbem-28	3	26	the	the	DET
fbem-28	3	27	target	target	NOUN
fbem-28	3	28	stock	stock	NOUN
fbem-28	3	29	to	to	ADP
fbem-28	3	30	some	some	DET
fbem-28	3	31	extent	extent	NOUN
fbem-28	3	32	.	.	PUNCT
fbem-28	4	1	the	the	DET
fbem-28	4	2	stock	stock	NOUN
fbem-28	4	3	return	return	NOUN
fbem-28	4	4	rate	rate	NOUN
fbem-28	4	5	is	be	AUX
fbem-28	4	6	positively	positively	ADV
fbem-28	4	7	related	relate	VERB
fbem-28	4	8	to	to	ADP
fbem-28	4	9	the	the	DET
fbem-28	4	10	market	market	NOUN
fbem-28	4	11	interest	interest	NOUN
fbem-28	4	12	rate	rate	NOUN
fbem-28	4	13	and	and	CCONJ
fbem-28	4	14	inversely	inversely	ADV
fbem-28	4	15	related	relate	VERB
fbem-28	4	16	to	to	ADP
fbem-28	4	17	the	the	DET
fbem-28	4	18	risk	risk	NOUN
fbem-28	4	19	-	-	PUNCT
fbem-28	4	20	free	free	ADJ
fbem-28	4	21	interest	interest	NOUN
fbem-28	4	22	rate	rate	NOUN
fbem-28	4	23	.	.	PUNCT
fbem-28	5	1	keywords	keyword	NOUN
fbem-28	5	2	:	:	PUNCT
fbem-28	5	3	regression	regression	NOUN
fbem-28	5	4	test	test	NOUN
fbem-28	5	5	,	,	PUNCT
fbem-28	5	6	model	model	NOUN
fbem-28	5	7	building	building	NOUN
fbem-28	5	8	,	,	PUNCT
fbem-28	5	9	multiple	multiple	ADJ
fbem-28	5	10	regression	regression	NOUN
fbem-28	5	11	,	,	PUNCT
fbem-28	5	12	capm	capm	PROPN
fbem-28	5	13	.	.	PUNCT
fbem-28	6	1	1	1	X
fbem-28	6	2	.	.	X
fbem-28	6	3	introduction	introduction	NOUN
fbem-28	6	4	1.1	1.1	NUM
fbem-28	6	5	.	.	PUNCT
fbem-28	7	1	research	research	NOUN
fbem-28	7	2	question	question	NOUN
fbem-28	7	3	relationship	relationship	NOUN
fbem-28	7	4	among	among	ADP
fbem-28	7	5	rf	rf	PROPN
fbem-28	7	6	,	,	PUNCT
fbem-28	7	7	rm	rm	PROPN
fbem-28	7	8	,	,	PUNCT
fbem-28	7	9	rit	rit	PROPN
fbem-28	7	10	,	,	PUNCT
fbem-28	7	11	rjt	rjt	VERB
fbem-28	7	12	i	i	PRON
fbem-28	7	13	think	think	VERB
fbem-28	7	14	there	there	PRON
fbem-28	7	15	is	be	VERB
fbem-28	7	16	a	a	DET
fbem-28	7	17	certain	certain	ADJ
fbem-28	7	18	relationship	relationship	NOUN
fbem-28	7	19	among	among	ADP
fbem-28	7	20	market	market	NOUN
fbem-28	7	21	interest	interest	NOUN
fbem-28	7	22	rate	rate	NOUN
fbem-28	7	23	,	,	PUNCT
fbem-28	7	24	risk	risk	NOUN
fbem-28	7	25	-	-	PUNCT
fbem-28	7	26	free	free	ADJ
fbem-28	7	27	interest	interest	NOUN
fbem-28	7	28	rate	rate	NOUN
fbem-28	7	29	and	and	CCONJ
fbem-28	7	30	stock	stock	NOUN
fbem-28	7	31	return	return	NOUN
fbem-28	7	32	rate	rate	NOUN
fbem-28	7	33	,	,	PUNCT
fbem-28	7	34	and	and	CCONJ
fbem-28	7	35	there	there	PRON
fbem-28	7	36	may	may	AUX
fbem-28	7	37	be	be	AUX
fbem-28	7	38	other	other	ADJ
fbem-28	7	39	models	model	NOUN
fbem-28	7	40	to	to	PART
fbem-28	7	41	reflect	reflect	VERB
fbem-28	7	42	this	this	DET
fbem-28	7	43	relationship	relationship	NOUN
fbem-28	7	44	,	,	PUNCT
fbem-28	7	45	so	so	ADV
fbem-28	7	46	i	i	PRON
fbem-28	7	47	conducted	conduct	VERB
fbem-28	7	48	multiple	multiple	ADJ
fbem-28	7	49	regression	regression	NOUN
fbem-28	7	50	to	to	PART
fbem-28	7	51	explore	explore	VERB
fbem-28	7	52	the	the	DET
fbem-28	7	53	relationship	relationship	NOUN
fbem-28	7	54	among	among	ADP
fbem-28	7	55	these	these	DET
fbem-28	7	56	data	datum	NOUN
fbem-28	7	57	.	.	PUNCT
fbem-28	8	1	i	i	PRON
fbem-28	8	2	often	often	ADV
fbem-28	8	3	find	find	VERB
fbem-28	8	4	that	that	SCONJ
fbem-28	8	5	different	different	ADJ
fbem-28	8	6	stocks	stock	NOUN
fbem-28	8	7	often	often	ADV
fbem-28	8	8	rise	rise	VERB
fbem-28	8	9	and	and	CCONJ
fbem-28	8	10	fall	fall	VERB
fbem-28	8	11	together	together	ADV
fbem-28	8	12	.	.	PUNCT
fbem-28	9	1	the	the	DET
fbem-28	9	2	rate	rate	NOUN
fbem-28	9	3	of	of	ADP
fbem-28	9	4	return	return	NOUN
fbem-28	9	5	of	of	ADP
fbem-28	9	6	a	a	DET
fbem-28	9	7	single	single	ADJ
fbem-28	9	8	stock	stock	NOUN
fbem-28	9	9	is	be	AUX
fbem-28	9	10	not	not	PART
fbem-28	9	11	only	only	ADV
fbem-28	9	12	related	relate	VERB
fbem-28	9	13	to	to	ADP
fbem-28	9	14	the	the	DET
fbem-28	9	15	market	market	NOUN
fbem-28	9	16	rate	rate	NOUN
fbem-28	9	17	of	of	ADP
fbem-28	9	18	return	return	NOUN
fbem-28	9	19	,	,	PUNCT
fbem-28	9	20	but	but	CCONJ
fbem-28	9	21	also	also	ADV
fbem-28	9	22	related	relate	VERB
fbem-28	9	23	to	to	ADP
fbem-28	9	24	the	the	DET
fbem-28	9	25	rate	rate	NOUN
fbem-28	9	26	of	of	ADP
fbem-28	9	27	return	return	NOUN
fbem-28	9	28	of	of	ADP
fbem-28	9	29	other	other	ADJ
fbem-28	9	30	stocks	stock	NOUN
fbem-28	9	31	.	.	PUNCT
fbem-28	10	1	therefore	therefore	ADV
fbem-28	10	2	,	,	PUNCT
fbem-28	10	3	i	i	PRON
fbem-28	10	4	want	want	VERB
fbem-28	10	5	to	to	PART
fbem-28	10	6	explore	explore	VERB
fbem-28	10	7	the	the	DET
fbem-28	10	8	relationship	relationship	NOUN
fbem-28	10	9	among	among	ADP
fbem-28	10	10	the	the	DET
fbem-28	10	11	return	return	NOUN
fbem-28	10	12	rate	rate	NOUN
fbem-28	10	13	of	of	ADP
fbem-28	10	14	a	a	DET
fbem-28	10	15	stock	stock	NOUN
fbem-28	10	16	,	,	PUNCT
fbem-28	10	17	the	the	DET
fbem-28	10	18	market	market	NOUN
fbem-28	10	19	return	return	NOUN
fbem-28	10	20	rate	rate	NOUN
fbem-28	10	21	,	,	PUNCT
fbem-28	10	22	the	the	DET
fbem-28	10	23	risk	risk	NOUN
fbem-28	10	24	-	-	PUNCT
fbem-28	10	25	free	free	ADJ
fbem-28	10	26	interest	interest	NOUN
fbem-28	10	27	rate	rate	NOUN
fbem-28	10	28	and	and	CCONJ
fbem-28	10	29	other	other	ADJ
fbem-28	10	30	stock	stock	NOUN
fbem-28	10	31	that	that	PRON
fbem-28	10	32	may	may	AUX
fbem-28	10	33	affect	affect	VERB
fbem-28	10	34	the	the	DET
fbem-28	10	35	target	target	NOUN
fbem-28	10	36	stock	stock	NOUN
fbem-28	10	37	.	.	PUNCT
fbem-28	11	1	2	2	X
fbem-28	11	2	.	.	X
fbem-28	11	3	model	model	NOUN
fbem-28	11	4	building	building	NOUN
fbem-28	11	5	after	after	ADP
fbem-28	11	6	considering	consider	VERB
fbem-28	11	7	the	the	DET
fbem-28	11	8	relationship	relationship	NOUN
fbem-28	11	9	between	between	ADP
fbem-28	11	10	stock	stock	NOUN
fbem-28	11	11	yield	yield	NOUN
fbem-28	11	12	,	,	PUNCT
fbem-28	11	13	market	market	NOUN
fbem-28	11	14	yield	yield	NOUN
fbem-28	11	15	and	and	CCONJ
fbem-28	11	16	risk	risk	NOUN
fbem-28	11	17	-	-	PUNCT
fbem-28	11	18	free	free	ADJ
fbem-28	11	19	interest	interest	NOUN
fbem-28	11	20	rate	rate	NOUN
fbem-28	11	21	separately	separately	ADV
fbem-28	11	22	,	,	PUNCT
fbem-28	11	23	and	and	CCONJ
fbem-28	11	24	whether	whether	SCONJ
fbem-28	11	25	there	there	PRON
fbem-28	11	26	are	be	VERB
fbem-28	11	27	other	other	ADJ
fbem-28	11	28	interference	interference	NOUN
fbem-28	11	29	factors	factor	NOUN
fbem-28	11	30	.	.	PUNCT
fbem-28	12	1	let	let	VERB
fbem-28	12	2	's	us	PRON
fbem-28	12	3	consider	consider	VERB
fbem-28	12	4	the	the	DET
fbem-28	12	5	following	follow	VERB
fbem-28	12	6	general	general	ADJ
fbem-28	12	7	formulas	formula	NOUN
fbem-28	12	8	that	that	PRON
fbem-28	12	9	i	i	PRON
fbem-28	12	10	build	build	VERB
fbem-28	12	11	,	,	PUNCT
fbem-28	12	12	which	which	PRON
fbem-28	12	13	may	may	AUX
fbem-28	12	14	reflect	reflect	VERB
fbem-28	12	15	the	the	DET
fbem-28	12	16	relationship	relationship	NOUN
fbem-28	12	17	among	among	ADP
fbem-28	12	18	these	these	DET
fbem-28	12	19	variables	variable	NOUN
fbem-28	12	20	:	:	PUNCT
fbem-28	12	21	𝑅	𝑅	PROPN
fbem-28	12	22	𝛼	𝛼	PROPN
fbem-28	12	23	𝛽	𝛽	PROPN
fbem-28	12	24	𝑅	𝑅	PROPN
fbem-28	12	25	𝜀	𝜀	PROPN
fbem-28	12	26	𝑅	𝑅	PROPN
fbem-28	12	27	𝛼	𝛼	PROPN
fbem-28	12	28	𝛽	𝛽	PROPN
fbem-28	12	29	𝑅	𝑅	PROPN
fbem-28	12	30	𝜀	𝜀	PROPN
fbem-28	12	31	𝑅	𝑅	PROPN
fbem-28	12	32	𝛼	𝛼	PROPN
fbem-28	12	33	𝛽	𝛽	PROPN
fbem-28	12	34	𝑅	𝑅	PROPN
fbem-28	12	35	𝛽	𝛽	PROPN
fbem-28	12	36	𝑅	𝑅	PROPN
fbem-28	12	37	𝛽	𝛽	PROPN
fbem-28	12	38	𝑅	𝑅	PROPN
fbem-28	12	39	𝛽	𝛽	PROPN
fbem-28	12	40	𝑅	𝑅	PROPN
fbem-28	12	41	𝜀	𝜀	PROPN
fbem-28	12	42	𝑅	𝑅	PROPN
fbem-28	12	43	𝑅	𝑅	PROPN
fbem-28	12	44	𝛽	𝛽	PROPN
fbem-28	12	45	𝑅	𝑅	PROPN
fbem-28	12	46	𝑅	𝑅	PROPN
fbem-28	12	47	𝛽	𝛽	PROPN
fbem-28	12	48	𝑅	𝑅	PROPN
fbem-28	12	49	𝜀	𝜀	PROPN
fbem-28	12	50	rit	rit	NOUN
fbem-28	12	51	is	be	AUX
fbem-28	12	52	the	the	DET
fbem-28	12	53	return	return	NOUN
fbem-28	12	54	rate	rate	NOUN
fbem-28	12	55	of	of	ADP
fbem-28	12	56	the	the	DET
fbem-28	12	57	stock	stock	NOUN
fbem-28	12	58	that	that	PRON
fbem-28	12	59	i	i	PRON
fbem-28	12	60	pick	pick	VERB
fbem-28	12	61	,	,	PUNCT
fbem-28	12	62	rjt	rjt	PROPN
fbem-28	12	63	is	be	AUX
fbem-28	12	64	the	the	DET
fbem-28	12	65	stock	stock	NOUN
fbem-28	12	66	that	that	PRON
fbem-28	12	67	affects	affect	VERB
fbem-28	12	68	the	the	DET
fbem-28	12	69	picked	pick	VERB
fbem-28	12	70	stock	stock	NOUN
fbem-28	12	71	.	.	PUNCT
fbem-28	13	1	rf	rf	PRON
fbem-28	13	2	is	be	AUX
fbem-28	13	3	the	the	DET
fbem-28	13	4	risk	risk	NOUN
fbem-28	13	5	-	-	PUNCT
fbem-28	13	6	free	free	ADJ
fbem-28	13	7	rate	rate	NOUN
fbem-28	13	8	that	that	PRON
fbem-28	13	9	is	be	AUX
fbem-28	13	10	often	often	ADV
fbem-28	13	11	measured	measure	VERB
fbem-28	13	12	by	by	ADP
fbem-28	13	13	the	the	DET
fbem-28	13	14	three	three	NUM
fbem-28	13	15	-	-	PUNCT
fbem-28	13	16	month	month	NOUN
fbem-28	13	17	time	time	NOUN
fbem-28	13	18	deposit	deposit	NOUN
fbem-28	13	19	rate	rate	NOUN
fbem-28	13	20	.	.	PUNCT
fbem-28	14	1	rm	rm	PROPN
fbem-28	14	2	is	be	AUX
fbem-28	14	3	the	the	DET
fbem-28	14	4	market	market	NOUN
fbem-28	14	5	return	return	NOUN
fbem-28	14	6	.	.	PUNCT
fbem-28	15	1	α	α	PRON
fbem-28	15	2	is	be	AUX
fbem-28	15	3	the	the	DET
fbem-28	15	4	intercept	intercept	NOUN
fbem-28	15	5	term	term	NOUN
fbem-28	15	6	.	.	PUNCT
fbem-28	16	1	ε	ε	PROPN
fbem-28	16	2	is	be	AUX
fbem-28	16	3	the	the	DET
fbem-28	16	4	error	error	NOUN
fbem-28	16	5	.	.	PUNCT
fbem-28	17	1	i	i	PRON
fbem-28	17	2	select	select	VERB
fbem-28	17	3	the	the	DET
fbem-28	17	4	stock	stock	NOUN
fbem-28	17	5	600009	600009	NUM
fbem-28	17	6	(	(	PUNCT
fbem-28	17	7	shanghai	shanghai	PROPN
fbem-28	17	8	airport	airport	PROPN
fbem-28	17	9	)	)	PUNCT
fbem-28	17	10	and	and	CCONJ
fbem-28	17	11	stock	stock	NOUN
fbem-28	17	12	600897(xiamen	600897(xiamen	NUM
fbem-28	17	13	airport	airport	NOUN
fbem-28	17	14	)	)	PUNCT
fbem-28	17	15	to	to	PART
fbem-28	17	16	run	run	VERB
fbem-28	17	17	the	the	DET
fbem-28	17	18	model	model	NOUN
fbem-28	17	19	.	.	PUNCT
fbem-28	18	1	the	the	DET
fbem-28	18	2	data	data	NOUN
fbem-28	18	3	comes	come	VERB
fbem-28	18	4	from	from	ADP
fbem-28	18	5	the	the	DET
fbem-28	18	6	official	official	ADJ
fbem-28	18	7	website	website	NOUN
fbem-28	18	8	data	datum	NOUN
fbem-28	18	9	of	of	ADP
fbem-28	18	10	shanghai	shanghai	PROPN
fbem-28	18	11	stock	stock	PROPN
fbem-28	18	12	exchange	exchange	PROPN
fbem-28	18	13	and	and	CCONJ
fbem-28	18	14	the	the	DET
fbem-28	18	15	website	website	NOUN
fbem-28	18	16	of	of	ADP
fbem-28	18	17	bank	bank	PROPN
fbem-28	18	18	of	of	ADP
fbem-28	18	19	china	china	PROPN
fbem-28	18	20	.	.	PUNCT
fbem-28	19	1	3	3	X
fbem-28	19	2	.	.	X
fbem-28	19	3	data	datum	NOUN
fbem-28	19	4	characteristics	characteristic	NOUN
fbem-28	19	5	i	i	PRON
fbem-28	19	6	chose	choose	VERB
fbem-28	19	7	shanghai	shanghai	PROPN
fbem-28	19	8	airport	airport	PROPN
fbem-28	19	9	(	(	PUNCT
fbem-28	19	10	600009	600009	NUM
fbem-28	19	11	)	)	PUNCT
fbem-28	19	12	as	as	ADP
fbem-28	19	13	the	the	DET
fbem-28	19	14	target	target	NOUN
fbem-28	19	15	stock	stock	NOUN
fbem-28	19	16	which	which	PRON
fbem-28	19	17	to	to	PART
fbem-28	19	18	be	be	AUX
fbem-28	19	19	researched	research	VERB
fbem-28	19	20	.	.	PUNCT
fbem-28	20	1	i	i	PRON
fbem-28	20	2	collected	collect	VERB
fbem-28	20	3	the	the	DET
fbem-28	20	4	monthly	monthly	ADJ
fbem-28	20	5	return	return	NOUN
fbem-28	20	6	of	of	ADP
fbem-28	20	7	this	this	DET
fbem-28	20	8	stock	stock	NOUN
fbem-28	20	9	and	and	CCONJ
fbem-28	20	10	market	market	NOUN
fbem-28	20	11	returns	return	NOUN
fbem-28	20	12	from	from	ADP
fbem-28	20	13	january	january	PROPN
fbem-28	20	14	2000	2000	NUM
fbem-28	20	15	to	to	ADP
fbem-28	20	16	december	december	PROPN
fbem-28	20	17	2019	2019	NUM
fbem-28	20	18	.	.	PUNCT
fbem-28	21	1	i	i	PRON
fbem-28	21	2	also	also	ADV
fbem-28	21	3	found	find	VERB
fbem-28	21	4	the	the	DET
fbem-28	21	5	personal	personal	ADJ
fbem-28	21	6	3	3	NUM
fbem-28	21	7	-	-	PUNCT
fbem-28	21	8	month	month	NOUN
fbem-28	21	9	time	time	NOUN
fbem-28	21	10	deposit	deposit	NOUN
fbem-28	21	11	interest	interest	NOUN
fbem-28	21	12	rate	rate	NOUN
fbem-28	21	13	in	in	ADP
fbem-28	21	14	the	the	DET
fbem-28	21	15	past	past	ADJ
fbem-28	21	16	20	20	NUM
fbem-28	21	17	years	year	NOUN
fbem-28	21	18	as	as	ADP
fbem-28	21	19	the	the	DET
fbem-28	21	20	value	value	NOUN
fbem-28	21	21	of	of	ADP
fbem-28	21	22	risk	risk	NOUN
fbem-28	21	23	-	-	PUNCT
fbem-28	21	24	free	free	ADJ
fbem-28	21	25	interest	interest	NOUN
fbem-28	21	26	rate	rate	NOUN
fbem-28	21	27	on	on	ADP
fbem-28	21	28	the	the	DET
fbem-28	21	29	official	official	ADJ
fbem-28	21	30	website	website	NOUN
fbem-28	21	31	of	of	ADP
fbem-28	21	32	bank	bank	PROPN
fbem-28	21	33	of	of	ADP
fbem-28	21	34	china	china	PROPN
fbem-28	21	35	.	.	PUNCT
fbem-28	22	1	i	i	PRON
fbem-28	22	2	take	take	VERB
fbem-28	22	3	the	the	DET
fbem-28	22	4	difference	difference	NOUN
fbem-28	22	5	between	between	ADP
fbem-28	22	6	market	market	NOUN
fbem-28	22	7	rate	rate	NOUN
fbem-28	22	8	of	of	ADP
fbem-28	22	9	return	return	NOUN
fbem-28	22	10	and	and	CCONJ
fbem-28	22	11	risk	risk	NOUN
fbem-28	22	12	-	-	PUNCT
fbem-28	22	13	free	free	ADJ
fbem-28	22	14	interest	interest	NOUN
fbem-28	22	15	rate	rate	NOUN
fbem-28	22	16	as	as	ADP
fbem-28	22	17	a	a	DET
fbem-28	22	18	kind	kind	NOUN
fbem-28	22	19	of	of	ADP
fbem-28	22	20	variable	variable	NOUN
fbem-28	22	21	and	and	CCONJ
fbem-28	22	22	the	the	DET
fbem-28	22	23	difference	difference	NOUN
fbem-28	22	24	between	between	ADP
fbem-28	22	25	stock	stock	NOUN
fbem-28	22	26	600009	600009	NUM
fbem-28	22	27	monthly	monthly	ADJ
fbem-28	22	28	rate	rate	NOUN
fbem-28	22	29	of	of	ADP
fbem-28	22	30	return	return	NOUN
fbem-28	22	31	and	and	CCONJ
fbem-28	22	32	risk	risk	NOUN
fbem-28	22	33	-	-	PUNCT
fbem-28	22	34	free	free	ADJ
fbem-28	22	35	interest	interest	NOUN
fbem-28	22	36	rate	rate	NOUN
fbem-28	22	37	as	as	ADP
fbem-28	22	38	another	another	DET
fbem-28	22	39	variable	variable	NOUN
fbem-28	22	40	,	,	PUNCT
fbem-28	22	41	which	which	PRON
fbem-28	22	42	will	will	AUX
fbem-28	22	43	be	be	AUX
fbem-28	22	44	tested	test	VERB
fbem-28	22	45	in	in	ADP
fbem-28	22	46	the	the	DET
fbem-28	22	47	following	follow	VERB
fbem-28	22	48	model	model	NOUN
fbem-28	22	49	that	that	PRON
fbem-28	22	50	i	i	PRON
fbem-28	22	51	build	build	VERB
fbem-28	22	52	.	.	PUNCT
fbem-28	23	1	there	there	PRON
fbem-28	23	2	is	be	VERB
fbem-28	23	3	a	a	DET
fbem-28	23	4	table	table	NOUN
fbem-28	23	5	that	that	PRON
fbem-28	23	6	describe	describe	VERB
fbem-28	23	7	the	the	DET
fbem-28	23	8	variables	variable	NOUN
fbem-28	23	9	:	:	PUNCT
fbem-28	23	10	table	table	NOUN
fbem-28	23	11	1	1	NUM
fbem-28	23	12	.	.	PUNCT
fbem-28	23	13	descriptive	descriptive	ADJ
fbem-28	23	14	statistics	statistic	NOUN
fbem-28	23	15	variable	variable	ADJ
fbem-28	23	16	obs	obs	PROPN
fbem-28	23	17	mean	mean	VERB
fbem-28	23	18	std	std	PROPN
fbem-28	23	19	.	.	PROPN
fbem-28	23	20	dev	dev	PROPN
fbem-28	23	21	.	.	PUNCT
fbem-28	24	1	min	min	PROPN
fbem-28	24	2	max	max	PROPN
fbem-28	24	3	excess	excess	ADJ
fbem-28	24	4	return	return	NOUN
fbem-28	24	5	of	of	ADP
fbem-28	24	6	the	the	DET
fbem-28	24	7	stock	stock	NOUN
fbem-28	24	8	600009	600009	NUM
fbem-28	24	9	240	240	NUM
fbem-28	24	10	-0.398	-0.398	SYM
fbem-28	24	11	9.067	9.067	NUM
fbem-28	24	12	-41.67	-41.67	SYM
fbem-28	24	13	41.43	41.43	NUM
fbem-28	24	14	excess	excess	ADJ
fbem-28	24	15	return	return	NOUN
fbem-28	24	16	of	of	ADP
fbem-28	24	17	shanghai	shanghai	PROPN
fbem-28	24	18	stock	stock	PROPN
fbem-28	24	19	market	market	PROPN
fbem-28	24	20	240	240	NUM
fbem-28	24	21	-1.351	-1.351	NOUN
fbem-28	24	22	7.634	7.634	NUM
fbem-28	24	23	-27.51	-27.51	SYM
fbem-28	24	24	25.65	25.65	NUM
fbem-28	24	25	rt	rt	PROPN
fbem-28	24	26	(	(	PUNCT
fbem-28	24	27	600009	600009	NUM
fbem-28	24	28	)	)	PUNCT
fbem-28	24	29	240	240	NUM
fbem-28	24	30	1.575	1.575	NUM
fbem-28	24	31	8.937	8.937	NUM
fbem-28	24	32	-38.79	-38.79	SYM
fbem-28	24	33	43.41	43.41	NUM
fbem-28	24	34	rt	rt	PROPN
fbem-28	24	35	(	(	PUNCT
fbem-28	24	36	600897	600897	NUM
fbem-28	24	37	)	)	PUNCT
fbem-28	24	38	240	240	NUM
fbem-28	24	39	1.478	1.478	NUM
fbem-28	24	40	9.583	9.583	NUM
fbem-28	24	41	-40.98	-40.98	PUNCT
fbem-28	24	42	39.96	39.96	NUM
fbem-28	24	43	rm	rm	NOUN
fbem-28	24	44	240	240	NUM
fbem-28	24	45	0.622	0.622	NUM
fbem-28	24	46	7.547	7.547	NUM
fbem-28	24	47	-24.63	-24.63	PROPN
fbem-28	24	48	27.45	27.45	NUM
fbem-28	25	1	rf	rf	NUM
fbem-28	25	2	240	240	NUM
fbem-28	25	3	1.973	1.973	NUM
fbem-28	25	4	.614	.614	NUM
fbem-28	25	5	1.1	1.1	NUM
fbem-28	25	6	3.33	3.33	NUM
fbem-28	25	7	data	datum	NOUN
fbem-28	25	8	source	source	NOUN
fbem-28	25	9	:	:	PUNCT
fbem-28	25	10	official	official	ADJ
fbem-28	25	11	website	website	NOUN
fbem-28	25	12	of	of	ADP
fbem-28	25	13	bank	bank	PROPN
fbem-28	25	14	of	of	ADP
fbem-28	25	15	china	china	PROPN
fbem-28	25	16	and	and	CCONJ
fbem-28	25	17	shanghai	shanghai	PROPN
fbem-28	25	18	stock	stock	PROPN
fbem-28	25	19	exchange	exchange	PROPN
fbem-28	25	20	the	the	DET
fbem-28	25	21	difference	difference	NOUN
fbem-28	25	22	between	between	ADP
fbem-28	25	23	market	market	NOUN
fbem-28	25	24	rate	rate	NOUN
fbem-28	25	25	of	of	ADP
fbem-28	25	26	return	return	NOUN
fbem-28	25	27	and	and	CCONJ
fbem-28	25	28	risk	risk	NOUN
fbem-28	25	29	-	-	PUNCT
fbem-28	25	30	free	free	ADJ
fbem-28	25	31	interest	interest	NOUN
fbem-28	25	32	rate	rate	NOUN
fbem-28	25	33	is	be	AUX
fbem-28	25	34	the	the	DET
fbem-28	25	35	excess	excess	ADJ
fbem-28	25	36	return	return	NOUN
fbem-28	25	37	of	of	ADP
fbem-28	25	38	shanghai	shanghai	PROPN
fbem-28	25	39	stock	stock	NOUN
fbem-28	25	40	market	market	NOUN
fbem-28	25	41	and	and	CCONJ
fbem-28	25	42	the	the	DET
fbem-28	25	43	difference	difference	NOUN
fbem-28	25	44	between	between	ADP
fbem-28	25	45	stock	stock	NOUN
fbem-28	25	46	monthly	monthly	ADJ
fbem-28	25	47	rate	rate	NOUN
fbem-28	25	48	of	of	ADP
fbem-28	25	49	return	return	NOUN
fbem-28	25	50	and	and	CCONJ
fbem-28	25	51	riskfree	riskfree	VERB
fbem-28	25	52	interest	interest	NOUN
fbem-28	25	53	rate	rate	NOUN
fbem-28	25	54	is	be	AUX
fbem-28	25	55	the	the	DET
fbem-28	25	56	excess	excess	ADJ
fbem-28	25	57	return	return	NOUN
fbem-28	25	58	of	of	ADP
fbem-28	25	59	stock	stock	NOUN
fbem-28	25	60	600009	600009	NUM
fbem-28	25	61	.	.	PUNCT
fbem-28	26	1	there	there	PRON
fbem-28	26	2	are	be	VERB
fbem-28	26	3	the	the	DET
fbem-28	26	4	data	data	NOUN
fbem-28	26	5	summary	summary	NOUN
fbem-28	26	6	.	.	PUNCT
fbem-28	27	1	from	from	ADP
fbem-28	27	2	the	the	DET
fbem-28	27	3	table	table	NOUN
fbem-28	27	4	1	1	NUM
fbem-28	27	5	,	,	PUNCT
fbem-28	27	6	for	for	ADP
fbem-28	27	7	example	example	NOUN
fbem-28	27	8	,	,	PUNCT
fbem-28	27	9	the	the	DET
fbem-28	27	10	mean	mean	NOUN
fbem-28	27	11	of	of	ADP
fbem-28	27	12	stock	stock	NOUN
fbem-28	27	13	600009	600009	NUM
fbem-28	27	14	is	be	AUX
fbem-28	27	15	1.575	1.575	NUM
fbem-28	27	16	,	,	PUNCT
fbem-28	27	17	and	and	CCONJ
fbem-28	27	18	the	the	DET
fbem-28	27	19	mean	mean	NOUN
fbem-28	27	20	of	of	ADP
fbem-28	27	21	market	market	NOUN
fbem-28	27	22	return	return	NOUN
fbem-28	27	23	is	be	AUX
fbem-28	27	24	0.622	0.622	NUM
fbem-28	27	25	.	.	PUNCT
fbem-28	28	1	the	the	DET
fbem-28	28	2	maximum	maximum	ADJ
fbem-28	28	3	and	and	CCONJ
fbem-28	28	4	minimum	minimum	ADJ
fbem-28	28	5	values	value	NOUN
fbem-28	28	6	of	of	ADP
fbem-28	28	7	stock	stock	NOUN
fbem-28	28	8	600009	600009	NUM
fbem-28	28	9	are	be	AUX
fbem-28	28	10	43.41	43.41	NUM
fbem-28	28	11	and	and	CCONJ
fbem-28	28	12	-38.79	-38.79	NOUN
fbem-28	28	13	,	,	PUNCT
fbem-28	28	14	respectively	respectively	ADV
fbem-28	28	15	,	,	PUNCT
fbem-28	28	16	and	and	CCONJ
fbem-28	28	17	for	for	ADP
fbem-28	28	18	market	market	NOUN
fbem-28	28	19	return	return	NOUN
fbem-28	28	20	,	,	PUNCT
fbem-28	28	21	the	the	DET
fbem-28	28	22	maximum	maximum	ADJ
fbem-28	28	23	and	and	CCONJ
fbem-28	28	24	minimum	minimum	ADJ
fbem-28	28	25	values	value	NOUN
fbem-28	28	26	are	be	AUX
fbem-28	28	27	27.45	27.45	NUM
fbem-28	28	28	and	and	CCONJ
fbem-28	28	29	24.63	24.63	NUM
fbem-28	28	30	.	.	PUNCT
fbem-28	29	1	the	the	DET
fbem-28	29	2	standard	standard	ADJ
fbem-28	29	3	deviation	deviation	NOUN
fbem-28	29	4	of	of	ADP
fbem-28	29	5	the	the	DET
fbem-28	29	6	two	two	NUM
fbem-28	29	7	variables	variable	NOUN
fbem-28	29	8	are	be	AUX
fbem-28	29	9	8.937	8.937	NUM
fbem-28	29	10	and	and	CCONJ
fbem-28	29	11	7.547	7.547	NUM
fbem-28	29	12	.	.	PUNCT
fbem-28	30	1	9	9	NUM
fbem-28	30	2	figure	figure	NOUN
fbem-28	30	3	1	1	NUM
fbem-28	30	4	.	.	PUNCT
fbem-28	30	5	distribution	distribution	NOUN
fbem-28	30	6	histogram	histogram	NOUN
fbem-28	30	7	of	of	ADP
fbem-28	30	8	stock	stock	NOUN
fbem-28	30	9	(	(	PUNCT
fbem-28	30	10	600009	600009	NUM
fbem-28	30	11	)	)	PUNCT
fbem-28	30	12	return	return	NOUN
fbem-28	30	13	rate	rate	NOUN
fbem-28	30	14	making	make	VERB
fbem-28	30	15	the	the	DET
fbem-28	30	16	distribution	distribution	NOUN
fbem-28	30	17	histogram	histogram	NOUN
fbem-28	30	18	of	of	ADP
fbem-28	30	19	stock	stock	NOUN
fbem-28	30	20	(	(	PUNCT
fbem-28	30	21	600009	600009	NUM
fbem-28	30	22	)	)	PUNCT
fbem-28	30	23	return	return	NOUN
fbem-28	30	24	rate	rate	NOUN
fbem-28	30	25	in	in	ADP
fbem-28	30	26	figure	figure	NOUN
fbem-28	30	27	1	1	NUM
fbem-28	30	28	,	,	PUNCT
fbem-28	30	29	i	i	PRON
fbem-28	30	30	found	find	VERB
fbem-28	30	31	that	that	SCONJ
fbem-28	30	32	these	these	DET
fbem-28	30	33	data	datum	NOUN
fbem-28	30	34	do	do	AUX
fbem-28	30	35	not	not	PART
fbem-28	30	36	meet	meet	VERB
fbem-28	30	37	the	the	DET
fbem-28	30	38	standard	standard	ADJ
fbem-28	30	39	distribution	distribution	NOUN
fbem-28	30	40	well	well	ADV
fbem-28	30	41	,	,	PUNCT
fbem-28	30	42	and	and	CCONJ
fbem-28	30	43	the	the	DET
fbem-28	30	44	data	data	NOUN
fbem-28	30	45	dispersion	dispersion	NOUN
fbem-28	30	46	is	be	AUX
fbem-28	30	47	large	large	ADJ
fbem-28	30	48	.	.	PUNCT
fbem-28	31	1	it	it	PRON
fbem-28	31	2	shows	show	VERB
fbem-28	31	3	that	that	SCONJ
fbem-28	31	4	the	the	DET
fbem-28	31	5	return	return	NOUN
fbem-28	31	6	rate	rate	NOUN
fbem-28	31	7	of	of	ADP
fbem-28	31	8	stock	stock	NOUN
fbem-28	31	9	may	may	AUX
fbem-28	31	10	be	be	AUX
fbem-28	31	11	random	random	ADJ
fbem-28	31	12	,	,	PUNCT
fbem-28	31	13	which	which	PRON
fbem-28	31	14	may	may	AUX
fbem-28	31	15	embody	embody	VERB
fbem-28	31	16	the	the	DET
fbem-28	31	17	economic	economic	ADJ
fbem-28	31	18	theory	theory	NOUN
fbem-28	31	19	of	of	ADP
fbem-28	31	20	random	random	ADJ
fbem-28	31	21	walk	walk	NOUN
fbem-28	32	1	[	[	X
fbem-28	32	2	1	1	NUM
fbem-28	32	3	]	]	PUNCT
fbem-28	32	4	.	.	PUNCT
fbem-28	33	1	figure	figure	NOUN
fbem-28	33	2	2	2	NUM
fbem-28	33	3	.	.	PUNCT
fbem-28	33	4	scatter	scatter	NOUN
fbem-28	33	5	chart	chart	NOUN
fbem-28	33	6	of	of	ADP
fbem-28	33	7	single	single	ADJ
fbem-28	33	8	stock	stock	NOUN
fbem-28	33	9	(	(	PUNCT
fbem-28	33	10	600009	600009	NUM
fbem-28	33	11	)	)	PUNCT
fbem-28	33	12	return	return	NOUN
fbem-28	33	13	rate	rate	NOUN
fbem-28	33	14	after	after	ADP
fbem-28	33	15	making	make	VERB
fbem-28	33	16	scatter	scatter	NOUN
fbem-28	33	17	charts	chart	NOUN
fbem-28	33	18	of	of	ADP
fbem-28	33	19	single	single	ADJ
fbem-28	33	20	stock	stock	NOUN
fbem-28	33	21	(	(	PUNCT
fbem-28	33	22	600009	600009	NUM
fbem-28	33	23	)	)	PUNCT
fbem-28	33	24	return	return	NOUN
fbem-28	33	25	rate	rate	NOUN
fbem-28	33	26	and	and	CCONJ
fbem-28	33	27	market	market	NOUN
fbem-28	33	28	return	return	NOUN
fbem-28	33	29	rate	rate	NOUN
fbem-28	33	30	,	,	PUNCT
fbem-28	33	31	according	accord	VERB
fbem-28	33	32	to	to	ADP
fbem-28	33	33	the	the	DET
fbem-28	33	34	distribution	distribution	NOUN
fbem-28	33	35	of	of	ADP
fbem-28	33	36	these	these	DET
fbem-28	33	37	scatter	scatter	NOUN
fbem-28	33	38	charts	chart	NOUN
fbem-28	33	39	,	,	PUNCT
fbem-28	33	40	i	i	PRON
fbem-28	33	41	can	can	AUX
fbem-28	33	42	roughly	roughly	ADV
fbem-28	33	43	see	see	VERB
fbem-28	33	44	that	that	SCONJ
fbem-28	33	45	there	there	PRON
fbem-28	33	46	is	be	VERB
fbem-28	33	47	a	a	DET
fbem-28	33	48	positive	positive	ADJ
fbem-28	33	49	correlation	correlation	NOUN
fbem-28	33	50	between	between	ADP
fbem-28	33	51	single	single	ADJ
fbem-28	33	52	stock	stock	NOUN
fbem-28	33	53	return	return	NOUN
fbem-28	33	54	rate	rate	NOUN
fbem-28	33	55	and	and	CCONJ
fbem-28	33	56	market	market	NOUN
fbem-28	33	57	return	return	NOUN
fbem-28	33	58	rate	rate	NOUN
fbem-28	33	59	.	.	PUNCT
fbem-28	34	1	in	in	ADP
fbem-28	34	2	order	order	NOUN
fbem-28	34	3	to	to	PART
fbem-28	34	4	further	far	ADV
fbem-28	34	5	analyze	analyze	VERB
fbem-28	34	6	their	their	PRON
fbem-28	34	7	correlation	correlation	NOUN
fbem-28	34	8	,	,	PUNCT
fbem-28	34	9	i	i	PRON
fbem-28	34	10	make	make	VERB
fbem-28	34	11	regression	regression	NOUN
fbem-28	34	12	analysis	analysis	NOUN
fbem-28	34	13	on	on	ADP
fbem-28	34	14	it	it	PRON
fbem-28	34	15	.	.	PUNCT
fbem-28	35	1	4	4	X
fbem-28	35	2	.	.	NUM
fbem-28	35	3	models	model	NOUN
fbem-28	35	4	regression	regression	VERB
fbem-28	35	5	first	first	ADV
fbem-28	35	6	,	,	PUNCT
fbem-28	35	7	test	test	VERB
fbem-28	35	8	the	the	DET
fbem-28	35	9	formula	formula	NOUN
fbem-28	35	10	:	:	PUNCT
fbem-28	35	11	𝑅	𝑅	NOUN
fbem-28	35	12	𝛼	𝛼	PROPN
fbem-28	35	13	𝛽	𝛽	PROPN
fbem-28	35	14	𝑅	𝑅	PROPN
fbem-28	35	15	𝜀	𝜀	PROPN
fbem-28	35	16	where	where	SCONJ
fbem-28	35	17	rit	rit	NOUN
fbem-28	35	18	is	be	AUX
fbem-28	35	19	the	the	DET
fbem-28	35	20	return	return	NOUN
fbem-28	35	21	rate	rate	NOUN
fbem-28	35	22	of	of	ADP
fbem-28	35	23	the	the	DET
fbem-28	35	24	stock	stock	NOUN
fbem-28	35	25	600009	600009	NUM
fbem-28	35	26	.	.	PUNCT
fbem-28	36	1	table	table	NOUN
fbem-28	36	2	2	2	NUM
fbem-28	36	3	.	.	PUNCT
fbem-28	37	1	linear	linear	ADJ
fbem-28	37	2	regression	regression	NOUN
fbem-28	37	3	of	of	ADP
fbem-28	37	4	rt600009	rt600009	NOUN
fbem-28	37	5	and	and	CCONJ
fbem-28	37	6	rm	rm	NOUN
fbem-28	37	7	rt600009	rt600009	PROPN
fbem-28	37	8	coef	coef	PROPN
fbem-28	37	9	.	.	PUNCT
fbem-28	38	1	st.err	st.err	PROPN
fbem-28	38	2	.	.	PROPN
fbem-28	39	1	t	t	NOUN
fbem-28	39	2	-	-	PUNCT
fbem-28	39	3	value	value	NOUN
fbem-28	39	4	p	p	NOUN
fbem-28	39	5	-	-	PUNCT
fbem-28	39	6	value	value	NOUN
fbem-28	39	7	[	[	X
fbem-28	39	8	95	95	NUM
fbem-28	39	9	%	%	NOUN
fbem-28	39	10	conf	conf	NOUN
fbem-28	39	11	interval	interval	NOUN
fbem-28	39	12	]	]	PUNCT
fbem-28	39	13	sig	sig	PROPN
fbem-28	39	14	rm	rm	PROPN
fbem-28	39	15	0.771	0.771	NUM
fbem-28	39	16	0.058	0.058	NUM
fbem-28	39	17	13.19	13.19	NUM
fbem-28	39	18	0	0	NUM
fbem-28	39	19	0.656	0.656	NUM
fbem-28	39	20	0.886	0.886	NUM
fbem-28	39	21	*	*	PUNCT
fbem-28	39	22	*	*	PUNCT
fbem-28	39	23	*	*	PUNCT
fbem-28	39	24	constant	constant	ADJ
fbem-28	39	25	1.095	1.095	NUM
fbem-28	39	26	0.442	0.442	NUM
fbem-28	39	27	2.48	2.48	NUM
fbem-28	39	28	0.014	0.014	NUM
fbem-28	39	29	0.225	0.225	NUM
fbem-28	39	30	1.966	1.966	NUM
fbem-28	39	31	*	*	PUNCT
fbem-28	39	32	*	*	PUNCT
fbem-28	40	1	mean	mean	VERB
fbem-28	40	2	dependent	dependent	ADJ
fbem-28	40	3	var	var	NOUN
fbem-28	40	4	1.575	1.575	NUM
fbem-28	40	5	sd	sd	ADP
fbem-28	40	6	dependent	dependent	ADJ
fbem-28	40	7	var	var	NOUN
fbem-28	40	8	8.956	8.956	NUM
fbem-28	40	9	r	r	NOUN
fbem-28	40	10	-	-	PUNCT
fbem-28	40	11	squared	square	VERB
fbem-28	40	12	0.422	0.422	NUM
fbem-28	40	13	number	number	NOUN
fbem-28	40	14	of	of	ADP
fbem-28	40	15	obs	obs	PROPN
fbem-28	40	16	240.000	240.000	NUM
fbem-28	40	17	f	f	NOUN
fbem-28	40	18	-	-	PUNCT
fbem-28	40	19	test	test	NOUN
fbem-28	40	20	173.914	173.914	NUM
fbem-28	40	21	prob	prob	NOUN
fbem-28	40	22	>	>	X
fbem-28	40	23	f	f	PROPN
fbem-28	41	1	0.000	0.000	NUM
fbem-28	41	2	akaike	akaike	ADJ
fbem-28	41	3	crit	crit	NOUN
fbem-28	41	4	.	.	PUNCT
fbem-28	42	1	(	(	PUNCT
fbem-28	42	2	aic	aic	PROPN
fbem-28	42	3	)	)	PUNCT
fbem-28	42	4	1604.731	1604.731	NUM
fbem-28	42	5	bayesian	bayesian	NOUN
fbem-28	42	6	crit	crit	NOUN
fbem-28	42	7	.	.	PUNCT
fbem-28	43	1	(	(	PUNCT
fbem-28	43	2	bic	bic	PROPN
fbem-28	43	3	)	)	PUNCT
fbem-28	43	4	1611.693	1611.693	NUM
fbem-28	43	5	*	*	PUNCT
fbem-28	43	6	*	*	PUNCT
fbem-28	43	7	*	*	PUNCT
fbem-28	43	8	p<.01	p<.01	VERB
fbem-28	43	9	,	,	PUNCT
fbem-28	43	10	*	*	PUNCT
fbem-28	43	11	*	*	NOUN
fbem-28	43	12	p<.05	p<.05	NOUN
fbem-28	43	13	,	,	PUNCT
fbem-28	43	14	*	*	PUNCT
fbem-28	43	15	p<.1	p<.1	PROPN
fbem-28	43	16	data	data	NOUN
fbem-28	43	17	source	source	NOUN
fbem-28	43	18	:	:	PUNCT
fbem-28	43	19	official	official	ADJ
fbem-28	43	20	website	website	NOUN
fbem-28	43	21	of	of	ADP
fbem-28	43	22	bank	bank	PROPN
fbem-28	43	23	of	of	ADP
fbem-28	43	24	china	china	PROPN
fbem-28	43	25	and	and	CCONJ
fbem-28	43	26	shanghai	shanghai	PROPN
fbem-28	43	27	stock	stock	PROPN
fbem-28	43	28	exchange	exchange	PROPN
fbem-28	43	29	10	10	NUM
fbem-28	43	30	figure	figure	NOUN
fbem-28	43	31	3	3	NUM
fbem-28	43	32	.	.	PUNCT
fbem-28	44	1	linear	linear	PROPN
fbem-28	44	2	regression	regression	NOUN
fbem-28	44	3	diagram	diagram	NOUN
fbem-28	44	4	1	1	NUM
fbem-28	44	5	there	there	PRON
fbem-28	44	6	is	be	VERB
fbem-28	44	7	a	a	DET
fbem-28	44	8	positive	positive	ADJ
fbem-28	44	9	correlation	correlation	NOUN
fbem-28	44	10	between	between	ADP
fbem-28	44	11	stock	stock	NOUN
fbem-28	44	12	interest	interest	NOUN
fbem-28	44	13	rate	rate	NOUN
fbem-28	44	14	and	and	CCONJ
fbem-28	44	15	market	market	NOUN
fbem-28	44	16	interest	interest	NOUN
fbem-28	44	17	rate	rate	NOUN
fbem-28	44	18	,	,	PUNCT
fbem-28	44	19	and	and	CCONJ
fbem-28	44	20	the	the	DET
fbem-28	44	21	regression	regression	NOUN
fbem-28	44	22	coefficient	coefficient	NOUN
fbem-28	44	23	is	be	AUX
fbem-28	44	24	close	close	ADJ
fbem-28	44	25	to	to	ADP
fbem-28	44	26	1	1	NUM
fbem-28	44	27	.	.	PUNCT
fbem-28	45	1	from	from	ADP
fbem-28	45	2	the	the	DET
fbem-28	45	3	perspective	perspective	NOUN
fbem-28	45	4	of	of	ADP
fbem-28	45	5	t	t	NOUN
fbem-28	45	6	-	-	PUNCT
fbem-28	45	7	value	value	NOUN
fbem-28	45	8	and	and	CCONJ
fbem-28	45	9	p	p	NOUN
fbem-28	45	10	-	-	PUNCT
fbem-28	45	11	value	value	NOUN
fbem-28	45	12	,	,	PUNCT
fbem-28	45	13	the	the	DET
fbem-28	45	14	importance	importance	NOUN
fbem-28	45	15	of	of	ADP
fbem-28	45	16	regression	regression	NOUN
fbem-28	45	17	coefficient	coefficient	NOUN
fbem-28	45	18	is	be	AUX
fbem-28	45	19	very	very	ADV
fbem-28	45	20	high	high	ADJ
fbem-28	45	21	and	and	CCONJ
fbem-28	45	22	can	can	AUX
fbem-28	45	23	not	not	PART
fbem-28	45	24	be	be	AUX
fbem-28	45	25	ignored	ignore	VERB
fbem-28	45	26	.	.	PUNCT
fbem-28	46	1	i	i	PRON
fbem-28	46	2	make	make	VERB
fbem-28	46	3	the	the	DET
fbem-28	46	4	null	null	ADJ
fbem-28	46	5	hypothesis	hypothesis	NOUN
fbem-28	46	6	that	that	SCONJ
fbem-28	46	7	the	the	DET
fbem-28	46	8	value	value	NOUN
fbem-28	46	9	of	of	ADP
fbem-28	46	10	coefficient	coefficient	NOUN
fbem-28	46	11	is	be	AUX
fbem-28	46	12	1	1	NUM
fbem-28	46	13	and	and	CCONJ
fbem-28	46	14	the	the	DET
fbem-28	46	15	alternative	alternative	ADJ
fbem-28	46	16	hypothesis	hypothesis	NOUN
fbem-28	46	17	that	that	PRON
fbem-28	46	18	the	the	DET
fbem-28	46	19	value	value	NOUN
fbem-28	46	20	of	of	ADP
fbem-28	46	21	coefficient	coefficient	NOUN
fbem-28	46	22	is	be	AUX
fbem-28	46	23	not	not	PART
fbem-28	46	24	1	1	NUM
fbem-28	46	25	.	.	PUNCT
fbem-28	46	26	by	by	ADP
fbem-28	46	27	using	use	VERB
fbem-28	46	28	t	t	PROPN
fbem-28	46	29	test	test	NOUN
fbem-28	46	30	,	,	PUNCT
fbem-28	46	31	the	the	DET
fbem-28	46	32	difference	difference	NOUN
fbem-28	46	33	between	between	ADP
fbem-28	46	34	the	the	DET
fbem-28	46	35	estimated	estimate	VERB
fbem-28	46	36	value	value	NOUN
fbem-28	46	37	of	of	ADP
fbem-28	46	38	0.771	0.771	NUM
fbem-28	46	39	and	and	CCONJ
fbem-28	46	40	1	1	NUM
fbem-28	46	41	is	be	AUX
fbem-28	46	42	divided	divide	VERB
fbem-28	46	43	by	by	ADP
fbem-28	46	44	its	its	PRON
fbem-28	46	45	standard	standard	ADJ
fbem-28	46	46	deviation	deviation	NOUN
fbem-28	46	47	0.058	0.058	NUM
fbem-28	46	48	.	.	PUNCT
fbem-28	47	1	𝑡	𝑡	PROPN
fbem-28	47	2	𝛽	𝛽	NOUN
fbem-28	47	3	1	1	NUM
fbem-28	47	4	𝑠𝑒	𝑠𝑒	NOUN
fbem-28	47	5	𝛽	𝛽	NOUN
fbem-28	47	6	0.771	0.771	NUM
fbem-28	47	7	1	1	NUM
fbem-28	47	8	0.058	0.058	NUM
fbem-28	47	9	3.945	3.945	NUM
fbem-28	47	10	𝑡	𝑡	NOUN
fbem-28	47	11	.	.	PUNCT
fbem-28	47	12	,	,	PUNCT
fbem-28	47	13	.	.	PUNCT
fbem-28	48	1	the	the	DET
fbem-28	48	2	result	result	NOUN
fbem-28	48	3	of	of	ADP
fbem-28	48	4	t	t	NOUN
fbem-28	48	5	-	-	PUNCT
fbem-28	48	6	value	value	NOUN
fbem-28	48	7	is	be	AUX
fbem-28	48	8	3.945	3.945	NUM
fbem-28	48	9	.	.	PUNCT
fbem-28	49	1	under	under	ADP
fbem-28	49	2	95	95	NUM
fbem-28	49	3	%	%	NOUN
fbem-28	49	4	confidence	confidence	NOUN
fbem-28	49	5	level	level	NOUN
fbem-28	49	6	,	,	PUNCT
fbem-28	49	7	when	when	SCONJ
fbem-28	49	8	the	the	DET
fbem-28	49	9	value	value	NOUN
fbem-28	49	10	of	of	ADP
fbem-28	49	11	variable	variable	NOUN
fbem-28	49	12	reaches	reach	VERB
fbem-28	49	13	240	240	NUM
fbem-28	49	14	,	,	PUNCT
fbem-28	49	15	the	the	DET
fbem-28	49	16	value	value	NOUN
fbem-28	49	17	of	of	ADP
fbem-28	49	18	t	t	PROPN
fbem-28	49	19	is	be	AUX
fbem-28	49	20	1.96	1.96	NUM
fbem-28	49	21	.	.	PUNCT
fbem-28	50	1	since	since	SCONJ
fbem-28	50	2	3.945	3.945	NUM
fbem-28	50	3	is	be	AUX
fbem-28	50	4	greater	great	ADJ
fbem-28	50	5	than	than	ADP
fbem-28	50	6	1.96	1.96	NUM
fbem-28	50	7	,	,	PUNCT
fbem-28	50	8	indicating	indicate	VERB
fbem-28	50	9	that	that	SCONJ
fbem-28	50	10	it	it	PRON
fbem-28	50	11	is	be	AUX
fbem-28	50	12	in	in	ADP
fbem-28	50	13	the	the	DET
fbem-28	50	14	rejection	rejection	NOUN
fbem-28	50	15	domain	domain	NOUN
fbem-28	50	16	,	,	PUNCT
fbem-28	50	17	we	we	PRON
fbem-28	50	18	should	should	AUX
fbem-28	50	19	reject	reject	VERB
fbem-28	50	20	the	the	DET
fbem-28	50	21	null	null	ADJ
fbem-28	50	22	hypothesis	hypothesis	NOUN
fbem-28	50	23	.	.	PUNCT
fbem-28	51	1	i	i	PRON
fbem-28	51	2	make	make	VERB
fbem-28	51	3	another	another	DET
fbem-28	51	4	null	null	ADJ
fbem-28	51	5	hypothesis	hypothesis	NOUN
fbem-28	51	6	that	that	SCONJ
fbem-28	51	7	the	the	DET
fbem-28	51	8	value	value	NOUN
fbem-28	51	9	of	of	ADP
fbem-28	51	10	coefficient	coefficient	NOUN
fbem-28	51	11	is	be	AUX
fbem-28	51	12	0.5	0.5	NUM
fbem-28	51	13	and	and	CCONJ
fbem-28	51	14	the	the	DET
fbem-28	51	15	alternative	alternative	ADJ
fbem-28	51	16	hypothesis	hypothesis	NOUN
fbem-28	51	17	that	that	PRON
fbem-28	51	18	the	the	DET
fbem-28	51	19	value	value	NOUN
fbem-28	51	20	of	of	ADP
fbem-28	51	21	coefficient	coefficient	NOUN
fbem-28	51	22	not	not	PART
fbem-28	51	23	0.5	0.5	NUM
fbem-28	51	24	.	.	PUNCT
fbem-28	51	25	by	by	ADP
fbem-28	51	26	using	use	VERB
fbem-28	51	27	t	t	PROPN
fbem-28	51	28	test	test	NOUN
fbem-28	51	29	,	,	PUNCT
fbem-28	51	30	the	the	DET
fbem-28	51	31	difference	difference	NOUN
fbem-28	51	32	between	between	ADP
fbem-28	51	33	the	the	DET
fbem-28	51	34	estimated	estimate	VERB
fbem-28	51	35	value	value	NOUN
fbem-28	51	36	of	of	ADP
fbem-28	51	37	0.771	0.771	NUM
fbem-28	51	38	and	and	CCONJ
fbem-28	51	39	0.5	0.5	NUM
fbem-28	51	40	is	be	AUX
fbem-28	51	41	divided	divide	VERB
fbem-28	51	42	by	by	ADP
fbem-28	51	43	its	its	PRON
fbem-28	51	44	standard	standard	ADJ
fbem-28	51	45	deviation	deviation	NOUN
fbem-28	51	46	0.058	0.058	NUM
fbem-28	51	47	.	.	PUNCT
fbem-28	52	1	𝑡	𝑡	PROPN
fbem-28	52	2	𝛽	𝛽	NOUN
fbem-28	52	3	0.5	0.5	NUM
fbem-28	52	4	𝑠𝑒	𝑠𝑒	NOUN
fbem-28	52	5	𝛽	𝛽	NOUN
fbem-28	52	6	0.771	0.771	NUM
fbem-28	52	7	0.5	0.5	NUM
fbem-28	52	8	0.058	0.058	NUM
fbem-28	52	9	4.672	4.672	NUM
fbem-28	52	10	𝑡	𝑡	NOUN
fbem-28	52	11	.	.	PUNCT
fbem-28	52	12	,	,	PUNCT
fbem-28	52	13	.	.	PUNCT
fbem-28	53	1	the	the	DET
fbem-28	53	2	result	result	NOUN
fbem-28	53	3	of	of	ADP
fbem-28	53	4	t	t	NOUN
fbem-28	53	5	-	-	PUNCT
fbem-28	53	6	value	value	NOUN
fbem-28	53	7	is	be	AUX
fbem-28	53	8	4.672	4.672	NUM
fbem-28	53	9	.	.	PUNCT
fbem-28	54	1	under	under	ADP
fbem-28	54	2	95	95	NUM
fbem-28	54	3	%	%	NOUN
fbem-28	54	4	confidence	confidence	NOUN
fbem-28	54	5	level	level	NOUN
fbem-28	54	6	,	,	PUNCT
fbem-28	54	7	when	when	SCONJ
fbem-28	54	8	the	the	DET
fbem-28	54	9	value	value	NOUN
fbem-28	54	10	of	of	ADP
fbem-28	54	11	variable	variable	NOUN
fbem-28	54	12	reaches	reach	VERB
fbem-28	54	13	240	240	NUM
fbem-28	54	14	,	,	PUNCT
fbem-28	54	15	the	the	DET
fbem-28	54	16	value	value	NOUN
fbem-28	54	17	of	of	ADP
fbem-28	54	18	t	t	PROPN
fbem-28	54	19	is	be	AUX
fbem-28	54	20	1.96	1.96	NUM
fbem-28	54	21	.	.	PUNCT
fbem-28	55	1	since	since	SCONJ
fbem-28	55	2	4.672	4.672	NUM
fbem-28	55	3	is	be	AUX
fbem-28	55	4	greater	great	ADJ
fbem-28	55	5	than	than	ADP
fbem-28	55	6	1.96	1.96	NUM
fbem-28	55	7	,	,	PUNCT
fbem-28	55	8	indicating	indicate	VERB
fbem-28	55	9	that	that	SCONJ
fbem-28	55	10	it	it	PRON
fbem-28	55	11	is	be	AUX
fbem-28	55	12	in	in	ADP
fbem-28	55	13	the	the	DET
fbem-28	55	14	rejection	rejection	NOUN
fbem-28	55	15	domain	domain	NOUN
fbem-28	55	16	,	,	PUNCT
fbem-28	55	17	we	we	PRON
fbem-28	55	18	should	should	AUX
fbem-28	55	19	reject	reject	VERB
fbem-28	55	20	the	the	DET
fbem-28	55	21	null	null	ADJ
fbem-28	55	22	hypothesis	hypothesis	NOUN
fbem-28	55	23	.	.	PUNCT
fbem-28	56	1	compared	compare	VERB
fbem-28	56	2	with	with	ADP
fbem-28	56	3	the	the	DET
fbem-28	56	4	previous	previous	ADJ
fbem-28	56	5	hypothesis	hypothesis	NOUN
fbem-28	56	6	test	test	NOUN
fbem-28	56	7	,	,	PUNCT
fbem-28	56	8	the	the	DET
fbem-28	56	9	value	value	NOUN
fbem-28	56	10	of	of	ADP
fbem-28	56	11	regression	regression	NOUN
fbem-28	56	12	coefficient	coefficient	NOUN
fbem-28	56	13	is	be	AUX
fbem-28	56	14	closer	close	ADJ
fbem-28	56	15	to	to	ADP
fbem-28	56	16	1	1	NUM
fbem-28	56	17	than	than	ADP
fbem-28	56	18	0.5	0.5	NUM
fbem-28	56	19	,	,	PUNCT
fbem-28	56	20	and	and	CCONJ
fbem-28	56	21	the	the	DET
fbem-28	56	22	synchronization	synchronization	NOUN
fbem-28	56	23	between	between	ADP
fbem-28	56	24	market	market	NOUN
fbem-28	56	25	return	return	NOUN
fbem-28	56	26	rate	rate	NOUN
fbem-28	56	27	and	and	CCONJ
fbem-28	56	28	stock	stock	NOUN
fbem-28	56	29	return	return	NOUN
fbem-28	56	30	rate	rate	NOUN
fbem-28	56	31	is	be	AUX
fbem-28	56	32	very	very	ADV
fbem-28	56	33	high	high	ADJ
fbem-28	56	34	.	.	PUNCT
fbem-28	57	1	then	then	ADV
fbem-28	57	2	,	,	PUNCT
fbem-28	57	3	i	i	PRON
fbem-28	57	4	test	test	VERB
fbem-28	57	5	the	the	DET
fbem-28	57	6	formula	formula	NOUN
fbem-28	57	7	:	:	PUNCT
fbem-28	57	8	𝑅	𝑅	NOUN
fbem-28	57	9	𝛼	𝛼	PROPN
fbem-28	57	10	𝛽	𝛽	PROPN
fbem-28	57	11	𝑅	𝑅	PROPN
fbem-28	57	12	𝜀	𝜀	PROPN
fbem-28	57	13	table	table	NOUN
fbem-28	57	14	3	3	NUM
fbem-28	57	15	.	.	PUNCT
fbem-28	58	1	linear	linear	ADJ
fbem-28	58	2	regression	regression	NOUN
fbem-28	58	3	of	of	ADP
fbem-28	58	4	rt600009	rt600009	NOUN
fbem-28	58	5	and	and	CCONJ
fbem-28	58	6	rf	rf	NOUN
fbem-28	58	7	rt600009	rt600009	NOUN
fbem-28	58	8	coef	coef	PROPN
fbem-28	58	9	.	.	PUNCT
fbem-28	59	1	st.err	st.err	PROPN
fbem-28	59	2	.	.	PROPN
fbem-28	60	1	t	t	NOUN
fbem-28	60	2	-	-	PUNCT
fbem-28	60	3	value	value	NOUN
fbem-28	60	4	p	p	NOUN
fbem-28	60	5	-	-	PUNCT
fbem-28	60	6	value	value	NOUN
fbem-28	60	7	[	[	X
fbem-28	60	8	95	95	NUM
fbem-28	60	9	%	%	NOUN
fbem-28	60	10	conf	conf	NOUN
fbem-28	60	11	interval	interval	NOUN
fbem-28	60	12	]	]	PUNCT
fbem-28	61	1	sig	sig	PRON
fbem-28	61	2	rf	rf	VERB
fbem-28	61	3	-2.157	-2.157	ADJ
fbem-28	61	4	0.935	0.935	NUM
fbem-28	61	5	-2.31	-2.31	NUM
fbem-28	61	6	0.022	0.022	NUM
fbem-28	61	7	-3.998	-3.998	PUNCT
fbem-28	62	1	-0.316	-0.316	PUNCT
fbem-28	63	1	*	*	PUNCT
fbem-28	63	2	*	*	PUNCT
fbem-28	63	3	constant	constant	ADJ
fbem-28	63	4	5.83	5.83	NUM
fbem-28	63	5	1.93	1.93	NUM
fbem-28	63	6	3.02	3.02	NUM
fbem-28	63	7	0.003	0.003	NUM
fbem-28	63	8	2.027	2.027	NUM
fbem-28	63	9	9.633	9.633	NUM
fbem-28	64	1	*	*	PUNCT
fbem-28	64	2	*	*	PUNCT
fbem-28	64	3	*	*	PUNCT
fbem-28	64	4	mean	mean	VERB
fbem-28	64	5	dependent	dependent	ADJ
fbem-28	64	6	var	var	NOUN
fbem-28	64	7	1.575	1.575	NUM
fbem-28	64	8	sd	sd	ADP
fbem-28	64	9	dependent	dependent	ADJ
fbem-28	64	10	var	var	NOUN
fbem-28	64	11	8.956	8.956	NUM
fbem-28	64	12	r	r	NOUN
fbem-28	64	13	-	-	PUNCT
fbem-28	64	14	squared	square	VERB
fbem-28	64	15	0.022	0.022	NUM
fbem-28	64	16	number	number	NOUN
fbem-28	64	17	of	of	ADP
fbem-28	64	18	obs	obs	PROPN
fbem-28	64	19	240.000	240.000	NUM
fbem-28	64	20	f	f	NOUN
fbem-28	64	21	-	-	PUNCT
fbem-28	64	22	test	test	NOUN
fbem-28	64	23	5.328	5.328	NUM
fbem-28	64	24	prob	prob	NOUN
fbem-28	64	25	>	>	X
fbem-28	64	26	f	f	PROPN
fbem-28	64	27	0.022	0.022	NUM
fbem-28	64	28	akaike	akaike	PROPN
fbem-28	64	29	crit	crit	NOUN
fbem-28	64	30	.	.	PUNCT
fbem-28	65	1	(	(	PUNCT
fbem-28	65	2	aic	aic	PROPN
fbem-28	65	3	)	)	PUNCT
fbem-28	65	4	1731.069	1731.069	NUM
fbem-28	65	5	bayesian	bayesian	NOUN
fbem-28	65	6	crit	crit	NOUN
fbem-28	65	7	.	.	PUNCT
fbem-28	66	1	(	(	PUNCT
fbem-28	66	2	bic	bic	PROPN
fbem-28	66	3	)	)	PUNCT
fbem-28	66	4	1738.030	1738.030	NUM
fbem-28	67	1	*	*	PUNCT
fbem-28	67	2	*	*	PUNCT
fbem-28	67	3	*	*	PUNCT
fbem-28	67	4	p<.01	p<.01	VERB
fbem-28	67	5	,	,	PUNCT
fbem-28	67	6	*	*	PUNCT
fbem-28	67	7	*	*	NOUN
fbem-28	67	8	p<.05	p<.05	NOUN
fbem-28	67	9	,	,	PUNCT
fbem-28	67	10	*	*	PUNCT
fbem-28	67	11	p<.1	p<.1	PROPN
fbem-28	67	12	data	data	NOUN
fbem-28	67	13	source	source	NOUN
fbem-28	67	14	:	:	PUNCT
fbem-28	67	15	official	official	ADJ
fbem-28	67	16	website	website	NOUN
fbem-28	67	17	of	of	ADP
fbem-28	67	18	bank	bank	PROPN
fbem-28	67	19	of	of	ADP
fbem-28	67	20	china	china	PROPN
fbem-28	67	21	and	and	CCONJ
fbem-28	67	22	shanghai	shanghai	PROPN
fbem-28	67	23	stock	stock	PROPN
fbem-28	67	24	exchange	exchange	PROPN
fbem-28	67	25	11	11	NUM
fbem-28	67	26	figure	figure	NOUN
fbem-28	67	27	4	4	NUM
fbem-28	67	28	.	.	PUNCT
fbem-28	68	1	linear	linear	PROPN
fbem-28	68	2	regression	regression	NOUN
fbem-28	68	3	diagram	diagram	NOUN
fbem-28	68	4	2	2	NUM
fbem-28	68	5	from	from	ADP
fbem-28	68	6	figure	figure	NOUN
fbem-28	68	7	4	4	NUM
fbem-28	68	8	,	,	PUNCT
fbem-28	68	9	there	there	PRON
fbem-28	68	10	is	be	VERB
fbem-28	68	11	a	a	DET
fbem-28	68	12	negative	negative	ADJ
fbem-28	68	13	correlation	correlation	NOUN
fbem-28	68	14	between	between	ADP
fbem-28	68	15	stock	stock	NOUN
fbem-28	68	16	return	return	NOUN
fbem-28	68	17	and	and	CCONJ
fbem-28	68	18	risk	risk	NOUN
fbem-28	68	19	-	-	PUNCT
fbem-28	68	20	free	free	ADJ
fbem-28	68	21	interest	interest	NOUN
fbem-28	68	22	rate	rate	NOUN
fbem-28	68	23	.	.	PUNCT
fbem-28	69	1	the	the	DET
fbem-28	69	2	regression	regression	NOUN
fbem-28	69	3	coefficient	coefficient	NOUN
fbem-28	69	4	is	be	AUX
fbem-28	69	5	about	about	ADP
fbem-28	69	6	-2	-2	INTJ
fbem-28	69	7	.	.	PUNCT
fbem-28	70	1	i	i	PRON
fbem-28	70	2	make	make	VERB
fbem-28	70	3	another	another	DET
fbem-28	70	4	null	null	ADJ
fbem-28	70	5	hypothesis	hypothesis	NOUN
fbem-28	70	6	that	that	SCONJ
fbem-28	70	7	the	the	DET
fbem-28	70	8	value	value	NOUN
fbem-28	70	9	of	of	ADP
fbem-28	70	10	coefficient	coefficient	NOUN
fbem-28	70	11	is	be	AUX
fbem-28	70	12	-1	-1	PUNCT
fbem-28	70	13	and	and	CCONJ
fbem-28	70	14	the	the	DET
fbem-28	70	15	alternative	alternative	ADJ
fbem-28	70	16	hypothesis	hypothesis	NOUN
fbem-28	70	17	that	that	PRON
fbem-28	70	18	the	the	DET
fbem-28	70	19	value	value	NOUN
fbem-28	70	20	of	of	ADP
fbem-28	70	21	coefficient	coefficient	NOUN
fbem-28	70	22	is	be	AUX
fbem-28	70	23	not	not	PART
fbem-28	70	24	-1	-1	ADJ
fbem-28	70	25	.	.	PUNCT
fbem-28	71	1	by	by	ADP
fbem-28	71	2	using	use	VERB
fbem-28	71	3	t	t	PROPN
fbem-28	71	4	test	test	NOUN
fbem-28	71	5	,	,	PUNCT
fbem-28	71	6	the	the	DET
fbem-28	71	7	difference	difference	NOUN
fbem-28	71	8	between	between	ADP
fbem-28	71	9	the	the	DET
fbem-28	71	10	estimated	estimate	VERB
fbem-28	71	11	value	value	NOUN
fbem-28	71	12	of	of	ADP
fbem-28	71	13	-2.15	-2.15	NUM
fbem-28	71	14	and	and	CCONJ
fbem-28	71	15	-1	-1	ADV
fbem-28	71	16	is	be	AUX
fbem-28	71	17	divided	divide	VERB
fbem-28	71	18	by	by	ADP
fbem-28	71	19	its	its	PRON
fbem-28	71	20	standard	standard	ADJ
fbem-28	71	21	deviation	deviation	NOUN
fbem-28	71	22	0.935	0.935	NUM
fbem-28	71	23	.	.	PUNCT
fbem-28	72	1	𝑡	𝑡	PROPN
fbem-28	72	2	𝛽	𝛽	NOUN
fbem-28	72	3	0.5	0.5	NUM
fbem-28	72	4	𝑠𝑒	𝑠𝑒	NOUN
fbem-28	72	5	𝛽	𝛽	PROPN
fbem-28	72	6	2.15	2.15	NUM
fbem-28	72	7	1	1	NUM
fbem-28	72	8	0.935	0.935	NUM
fbem-28	72	9	1.236	1.236	NUM
fbem-28	72	10	𝑡	𝑡	NOUN
fbem-28	72	11	.	.	PUNCT
fbem-28	72	12	,	,	PUNCT
fbem-28	72	13	.	.	PUNCT
fbem-28	73	1	the	the	DET
fbem-28	73	2	value	value	NOUN
fbem-28	73	3	of	of	ADP
fbem-28	73	4	regression	regression	NOUN
fbem-28	73	5	coefficient	coefficient	NOUN
fbem-28	73	6	of	of	ADP
fbem-28	73	7	rf	rf	NOUN
fbem-28	73	8	is	be	AUX
fbem-28	73	9	-2.15	-2.15	NUM
fbem-28	73	10	and	and	CCONJ
fbem-28	73	11	its	its	PRON
fbem-28	73	12	standard	standard	ADJ
fbem-28	73	13	deviation	deviation	NOUN
fbem-28	73	14	of	of	ADP
fbem-28	73	15	0.935	0.935	NUM
fbem-28	73	16	.	.	PUNCT
fbem-28	74	1	the	the	DET
fbem-28	74	2	t	t	NOUN
fbem-28	74	3	-	-	PUNCT
fbem-28	74	4	value	value	NOUN
fbem-28	74	5	calculated	calculate	VERB
fbem-28	74	6	by	by	ADP
fbem-28	74	7	hypothesis	hypothesis	NOUN
fbem-28	74	8	test	test	NOUN
fbem-28	74	9	is	be	AUX
fbem-28	74	10	-1.236	-1.236	PROPN
fbem-28	74	11	,	,	PUNCT
fbem-28	74	12	which	which	PRON
fbem-28	74	13	is	be	AUX
fbem-28	74	14	more	more	ADJ
fbem-28	74	15	than	than	ADP
fbem-28	74	16	the	the	DET
fbem-28	74	17	t	t	NOUN
fbem-28	74	18	-	-	PUNCT
fbem-28	74	19	value	value	NOUN
fbem-28	74	20	of	of	ADP
fbem-28	74	21	1.96	1.96	NUM
fbem-28	74	22	under	under	ADP
fbem-28	74	23	the	the	DET
fbem-28	74	24	confidence	confidence	NOUN
fbem-28	74	25	interval	interval	NOUN
fbem-28	74	26	of	of	ADP
fbem-28	74	27	95	95	NUM
fbem-28	74	28	%	%	NOUN
fbem-28	74	29	,	,	PUNCT
fbem-28	74	30	indicating	indicate	VERB
fbem-28	74	31	that	that	SCONJ
fbem-28	74	32	it	it	PRON
fbem-28	74	33	is	be	AUX
fbem-28	74	34	outside	outside	ADP
fbem-28	74	35	the	the	DET
fbem-28	74	36	rejection	rejection	NOUN
fbem-28	74	37	domain	domain	NOUN
fbem-28	74	38	.	.	PUNCT
fbem-28	75	1	the	the	DET
fbem-28	75	2	null	null	ADJ
fbem-28	75	3	hypothesis	hypothesis	NOUN
fbem-28	75	4	should	should	AUX
fbem-28	75	5	be	be	AUX
fbem-28	75	6	accepted	accept	VERB
fbem-28	75	7	,	,	PUNCT
fbem-28	75	8	that	that	ADV
fbem-28	75	9	is	is	ADV
fbem-28	75	10	,	,	PUNCT
fbem-28	75	11	the	the	DET
fbem-28	75	12	regression	regression	NOUN
fbem-28	75	13	coefficient	coefficient	NOUN
fbem-28	75	14	is	be	AUX
fbem-28	75	15	-1	-1	ADJ
fbem-28	75	16	,	,	PUNCT
fbem-28	75	17	showing	show	VERB
fbem-28	75	18	that	that	SCONJ
fbem-28	75	19	the	the	DET
fbem-28	75	20	value	value	NOUN
fbem-28	75	21	of	of	ADP
fbem-28	75	22	regression	regression	NOUN
fbem-28	75	23	coefficient	coefficient	NOUN
fbem-28	75	24	of	of	ADP
fbem-28	75	25	rf	rf	NOUN
fbem-28	75	26	is	be	AUX
fbem-28	75	27	closed	close	VERB
fbem-28	75	28	to	to	PART
fbem-28	75	29	-1	-1	VERB
fbem-28	75	30	.	.	PUNCT
fbem-28	76	1	from	from	ADP
fbem-28	76	2	the	the	DET
fbem-28	76	3	point	point	NOUN
fbem-28	76	4	of	of	ADP
fbem-28	76	5	view	view	NOUN
fbem-28	76	6	of	of	ADP
fbem-28	76	7	p	p	NOUN
fbem-28	76	8	-	-	PUNCT
fbem-28	76	9	value	value	NOUN
fbem-28	76	10	,	,	PUNCT
fbem-28	76	11	p	p	X
fbem-28	76	12	-	-	PUNCT
fbem-28	76	13	value	value	NOUN
fbem-28	76	14	is	be	AUX
fbem-28	76	15	low	low	ADJ
fbem-28	76	16	,	,	PUNCT
fbem-28	76	17	close	close	ADJ
fbem-28	76	18	to	to	ADP
fbem-28	76	19	0.022	0.022	NUM
fbem-28	76	20	,	,	PUNCT
fbem-28	76	21	less	less	ADJ
fbem-28	76	22	than	than	ADP
fbem-28	76	23	0.05	0.05	NUM
fbem-28	76	24	,	,	PUNCT
fbem-28	76	25	indicating	indicate	VERB
fbem-28	76	26	that	that	SCONJ
fbem-28	76	27	the	the	DET
fbem-28	76	28	importance	importance	NOUN
fbem-28	76	29	level	level	NOUN
fbem-28	76	30	of	of	ADP
fbem-28	76	31	regression	regression	NOUN
fbem-28	76	32	coefficient	coefficient	NOUN
fbem-28	76	33	is	be	AUX
fbem-28	76	34	high	high	ADJ
fbem-28	76	35	.	.	PUNCT
fbem-28	77	1	however	however	ADV
fbem-28	77	2	,	,	PUNCT
fbem-28	77	3	if	if	SCONJ
fbem-28	77	4	there	there	PRON
fbem-28	77	5	are	be	VERB
fbem-28	77	6	only	only	ADV
fbem-28	77	7	variables	variable	NOUN
fbem-28	77	8	:	:	PUNCT
fbem-28	77	9	rt	rt	PROPN
fbem-28	77	10	and	and	CCONJ
fbem-28	77	11	rf	rf	PROPN
fbem-28	77	12	,	,	PUNCT
fbem-28	77	13	the	the	DET
fbem-28	77	14	fitting	fitting	ADJ
fbem-28	77	15	degree	degree	NOUN
fbem-28	77	16	of	of	ADP
fbem-28	77	17	their	their	PRON
fbem-28	77	18	regression	regression	NOUN
fbem-28	77	19	is	be	AUX
fbem-28	77	20	low	low	ADJ
fbem-28	77	21	.	.	PUNCT
fbem-28	78	1	thus	thus	ADV
fbem-28	78	2	,	,	PUNCT
fbem-28	78	3	this	this	DET
fbem-28	78	4	univariate	univariate	ADJ
fbem-28	78	5	regression	regression	NOUN
fbem-28	78	6	can	can	AUX
fbem-28	78	7	not	not	PART
fbem-28	78	8	reflect	reflect	VERB
fbem-28	78	9	their	their	PRON
fbem-28	78	10	relationship	relationship	NOUN
fbem-28	78	11	well	well	ADV
fbem-28	78	12	,	,	PUNCT
fbem-28	78	13	indicating	indicate	VERB
fbem-28	78	14	that	that	SCONJ
fbem-28	78	15	there	there	PRON
fbem-28	78	16	may	may	AUX
fbem-28	78	17	be	be	AUX
fbem-28	78	18	other	other	ADJ
fbem-28	78	19	variables	variable	NOUN
fbem-28	78	20	that	that	PRON
fbem-28	78	21	have	have	VERB
fbem-28	78	22	a	a	DET
fbem-28	78	23	higher	high	ADJ
fbem-28	78	24	degree	degree	NOUN
fbem-28	78	25	of	of	ADP
fbem-28	78	26	influence	influence	NOUN
fbem-28	78	27	.	.	PUNCT
fbem-28	79	1	further	further	ADJ
fbem-28	79	2	discussion	discussion	NOUN
fbem-28	79	3	:	:	PUNCT
fbem-28	79	4	multiple	multiple	ADJ
fbem-28	79	5	regression	regression	NOUN
fbem-28	79	6	:	:	PUNCT
fbem-28	79	7	𝑅	𝑅	PROPN
fbem-28	79	8	𝛼	𝛼	PROPN
fbem-28	79	9	𝛽	𝛽	PROPN
fbem-28	79	10	𝑅	𝑅	PROPN
fbem-28	79	11	𝛽	𝛽	PROPN
fbem-28	79	12	𝑅	𝑅	PROPN
fbem-28	79	13	𝛽	𝛽	PROPN
fbem-28	79	14	𝑅	𝑅	PROPN
fbem-28	79	15	𝛽	𝛽	PROPN
fbem-28	79	16	𝑅	𝑅	PROPN
fbem-28	79	17	𝜀	𝜀	PROPN
fbem-28	79	18	in	in	ADP
fbem-28	79	19	the	the	DET
fbem-28	79	20	new	new	ADJ
fbem-28	79	21	model	model	NOUN
fbem-28	79	22	,	,	PUNCT
fbem-28	79	23	try	try	VERB
fbem-28	79	24	to	to	PART
fbem-28	79	25	add	add	VERB
fbem-28	79	26	the	the	DET
fbem-28	79	27	square	square	ADJ
fbem-28	79	28	term	term	NOUN
fbem-28	79	29	of	of	ADP
fbem-28	79	30	risk	risk	NOUN
fbem-28	79	31	-	-	PUNCT
fbem-28	79	32	free	free	ADJ
fbem-28	79	33	interest	interest	NOUN
fbem-28	79	34	rate	rate	NOUN
fbem-28	79	35	to	to	PART
fbem-28	79	36	further	far	ADV
fbem-28	79	37	observe	observe	VERB
fbem-28	79	38	the	the	DET
fbem-28	79	39	correlation	correlation	NOUN
fbem-28	79	40	.	.	PUNCT
fbem-28	80	1	at	at	ADP
fbem-28	80	2	the	the	DET
fbem-28	80	3	same	same	ADJ
fbem-28	80	4	time	time	NOUN
fbem-28	80	5	,	,	PUNCT
fbem-28	80	6	the	the	DET
fbem-28	80	7	return	return	NOUN
fbem-28	80	8	rate	rate	NOUN
fbem-28	80	9	of	of	ADP
fbem-28	80	10	other	other	ADJ
fbem-28	80	11	stock	stock	NOUN
fbem-28	80	12	such	such	ADJ
fbem-28	80	13	as	as	ADP
fbem-28	80	14	stock	stock	NOUN
fbem-28	80	15	(	(	PUNCT
fbem-28	80	16	600897	600897	NUM
fbem-28	80	17	)	)	PUNCT
fbem-28	80	18	is	be	AUX
fbem-28	80	19	introduced	introduce	VERB
fbem-28	80	20	as	as	ADP
fbem-28	80	21	the	the	DET
fbem-28	80	22	influencing	influence	VERB
fbem-28	80	23	factor	factor	NOUN
fbem-28	80	24	,	,	PUNCT
fbem-28	80	25	which	which	PRON
fbem-28	80	26	is	be	AUX
fbem-28	80	27	rjt	rjt	PROPN
fbem-28	80	28	.	.	PUNCT
fbem-28	81	1	from	from	ADP
fbem-28	81	2	the	the	DET
fbem-28	81	3	previous	previous	ADJ
fbem-28	81	4	regression	regression	NOUN
fbem-28	81	5	results	result	NOUN
fbem-28	81	6	,	,	PUNCT
fbem-28	81	7	the	the	DET
fbem-28	81	8	importance	importance	NOUN
fbem-28	81	9	of	of	ADP
fbem-28	81	10	market	market	NOUN
fbem-28	81	11	return	return	NOUN
fbem-28	81	12	rate	rate	NOUN
fbem-28	81	13	is	be	AUX
fbem-28	81	14	high	high	ADJ
fbem-28	81	15	,	,	PUNCT
fbem-28	81	16	and	and	CCONJ
fbem-28	81	17	it	it	PRON
fbem-28	81	18	is	be	AUX
fbem-28	81	19	positively	positively	ADV
fbem-28	81	20	correlated	correlate	VERB
fbem-28	81	21	with	with	ADP
fbem-28	81	22	the	the	DET
fbem-28	81	23	return	return	NOUN
fbem-28	81	24	rate	rate	NOUN
fbem-28	81	25	of	of	ADP
fbem-28	81	26	stock	stock	NOUN
fbem-28	81	27	.	.	PUNCT
fbem-28	82	1	however	however	ADV
fbem-28	82	2	,	,	PUNCT
fbem-28	82	3	there	there	PRON
fbem-28	82	4	is	be	VERB
fbem-28	82	5	a	a	DET
fbem-28	82	6	negative	negative	ADJ
fbem-28	82	7	correlation	correlation	NOUN
fbem-28	82	8	between	between	ADP
fbem-28	82	9	risk	risk	NOUN
fbem-28	82	10	-	-	PUNCT
fbem-28	82	11	free	free	ADJ
fbem-28	82	12	interest	interest	NOUN
fbem-28	82	13	rate	rate	NOUN
fbem-28	82	14	and	and	CCONJ
fbem-28	82	15	stock	stock	NOUN
fbem-28	82	16	return	return	NOUN
fbem-28	82	17	rate	rate	NOUN
fbem-28	82	18	,	,	PUNCT
fbem-28	82	19	but	but	CCONJ
fbem-28	82	20	its	its	PRON
fbem-28	82	21	importance	importance	NOUN
fbem-28	82	22	level	level	NOUN
fbem-28	82	23	is	be	AUX
fbem-28	82	24	low	low	ADJ
fbem-28	82	25	.	.	PUNCT
fbem-28	83	1	so	so	ADV
fbem-28	83	2	,	,	PUNCT
fbem-28	83	3	in	in	ADP
fbem-28	83	4	the	the	DET
fbem-28	83	5	new	new	ADJ
fbem-28	83	6	model	model	NOUN
fbem-28	83	7	,	,	PUNCT
fbem-28	83	8	i	i	PRON
fbem-28	83	9	will	will	AUX
fbem-28	83	10	further	far	ADV
fbem-28	83	11	test	test	VERB
fbem-28	83	12	these	these	DET
fbem-28	83	13	variables	variable	NOUN
fbem-28	83	14	.	.	PUNCT
fbem-28	84	1	after	after	ADP
fbem-28	84	2	multiple	multiple	ADJ
fbem-28	84	3	regression	regression	NOUN
fbem-28	84	4	:	:	PUNCT
fbem-28	84	5	table	table	NOUN
fbem-28	84	6	4	4	NUM
fbem-28	84	7	.	.	PUNCT
fbem-28	84	8	multiple	multiple	ADJ
fbem-28	84	9	regression	regression	NOUN
fbem-28	84	10	1	1	NUM
fbem-28	84	11	rt600009	rt600009	NOUN
fbem-28	84	12	coef	coef	PROPN
fbem-28	84	13	.	.	PUNCT
fbem-28	85	1	st.err	st.err	PROPN
fbem-28	85	2	.	.	PROPN
fbem-28	86	1	t	t	NOUN
fbem-28	86	2	-	-	PUNCT
fbem-28	86	3	value	value	NOUN
fbem-28	86	4	p	p	NOUN
fbem-28	86	5	-	-	PUNCT
fbem-28	86	6	value	value	NOUN
fbem-28	86	7	[	[	X
fbem-28	86	8	95	95	NUM
fbem-28	86	9	%	%	NOUN
fbem-28	86	10	conf	conf	NOUN
fbem-28	86	11	interval	interval	NOUN
fbem-28	86	12	]	]	PUNCT
fbem-28	86	13	sig	sig	PROPN
fbem-28	86	14	rm	rm	PROPN
fbem-28	86	15	0.774	0.774	NUM
fbem-28	86	16	0.06	0.06	NUM
fbem-28	86	17	12.83	12.83	NUM
fbem-28	86	18	0	0	NUM
fbem-28	86	19	0.655	0.655	NUM
fbem-28	86	20	0.893	0.893	NUM
fbem-28	86	21	*	*	PUNCT
fbem-28	87	1	*	*	PUNCT
fbem-28	87	2	*	*	PUNCT
fbem-28	87	3	rf	rf	NUM
fbem-28	87	4	-1.197	-1.197	NOUN
fbem-28	87	5	0.719	0.719	NUM
fbem-28	87	6	-1.67	-1.67	NUM
fbem-28	87	7	0.378	0.378	NUM
fbem-28	87	8	-2.613	-2.613	NUM
fbem-28	87	9	0.219	0.219	NUM
fbem-28	87	10	*	*	PUNCT
fbem-28	87	11	rf2	rf2	VERB
fbem-28	87	12	-0.186	-0.186	PROPN
fbem-28	87	13	1.143	1.143	NUM
fbem-28	87	14	-0.56	-0.56	NUM
fbem-28	87	15	0.694	0.694	NUM
fbem-28	87	16	-0.023	-0.023	NUM
fbem-28	87	17	0.038	0.038	NUM
fbem-28	87	18	*	*	PUNCT
fbem-28	87	19	rt600897	rt600897	PROPN
fbem-28	87	20	0.589	0.589	NUM
fbem-28	87	21	0.045	0.045	NUM
fbem-28	87	22	2.09	2.09	NUM
fbem-28	87	23	0.029	0.029	NUM
fbem-28	87	24	-0.099	-0.099	PUNCT
fbem-28	87	25	0.078	0.078	NUM
fbem-28	87	26	*	*	PUNCT
fbem-28	87	27	constant	constant	ADJ
fbem-28	87	28	3.515	3.515	NUM
fbem-28	87	29	1.49	1.49	NUM
fbem-28	87	30	2.36	2.36	NUM
fbem-28	87	31	0.019	0.019	NUM
fbem-28	87	32	0.58	0.58	NUM
fbem-28	87	33	6.451	6.451	NUM
fbem-28	87	34	*	*	PUNCT
fbem-28	88	1	*	*	PUNCT
fbem-28	88	2	mean	mean	VERB
fbem-28	88	3	dependent	dependent	ADJ
fbem-28	88	4	var	var	NOUN
fbem-28	88	5	1.584	1.584	NUM
fbem-28	88	6	sd	sd	NOUN
fbem-28	88	7	dependent	dependent	ADJ
fbem-28	88	8	var	var	NOUN
fbem-28	88	9	8.973	8.973	NUM
fbem-28	88	10	r	r	NOUN
fbem-28	88	11	-	-	PUNCT
fbem-28	88	12	squared	square	VERB
fbem-28	88	13	0.435	0.435	NUM
fbem-28	88	14	number	number	NOUN
fbem-28	88	15	of	of	ADP
fbem-28	88	16	obs	obs	PROPN
fbem-28	88	17	239.000	239.000	NUM
fbem-28	88	18	f	f	NOUN
fbem-28	88	19	-	-	PUNCT
fbem-28	88	20	test	test	NOUN
fbem-28	88	21	60.423	60.423	NUM
fbem-28	88	22	prob	prob	NOUN
fbem-28	88	23	>	>	X
fbem-28	88	24	f	f	PROPN
fbem-28	89	1	0.000	0.000	NUM
fbem-28	89	2	akaike	akaike	ADJ
fbem-28	89	3	crit	crit	NOUN
fbem-28	89	4	.	.	PUNCT
fbem-28	90	1	(	(	PUNCT
fbem-28	90	2	aic	aic	PROPN
fbem-28	90	3	)	)	PUNCT
fbem-28	90	4	1597.455	1597.455	NUM
fbem-28	90	5	bayesian	bayesian	NOUN
fbem-28	90	6	crit	crit	NOUN
fbem-28	90	7	.	.	PUNCT
fbem-28	91	1	(	(	PUNCT
fbem-28	91	2	bic	bic	PROPN
fbem-28	91	3	)	)	PUNCT
fbem-28	91	4	1611.360	1611.360	NUM
fbem-28	92	1	*	*	PUNCT
fbem-28	92	2	*	*	PUNCT
fbem-28	92	3	*	*	PUNCT
fbem-28	92	4	p<.01	p<.01	VERB
fbem-28	92	5	,	,	PUNCT
fbem-28	92	6	*	*	PUNCT
fbem-28	92	7	*	*	NOUN
fbem-28	92	8	p<.05	p<.05	NOUN
fbem-28	92	9	,	,	PUNCT
fbem-28	92	10	*	*	PUNCT
fbem-28	92	11	p<.1	p<.1	PROPN
fbem-28	92	12	data	data	NOUN
fbem-28	92	13	source	source	NOUN
fbem-28	92	14	:	:	PUNCT
fbem-28	92	15	official	official	ADJ
fbem-28	92	16	website	website	NOUN
fbem-28	92	17	of	of	ADP
fbem-28	92	18	bank	bank	PROPN
fbem-28	92	19	of	of	ADP
fbem-28	92	20	china	china	PROPN
fbem-28	92	21	and	and	CCONJ
fbem-28	92	22	shanghai	shanghai	PROPN
fbem-28	92	23	stock	stock	PROPN
fbem-28	92	24	exchange	exchange	PROPN
fbem-28	92	25	12	12	NUM
fbem-28	92	26	stock	stock	NOUN
fbem-28	92	27	returns	return	NOUN
fbem-28	92	28	are	be	AUX
fbem-28	92	29	positively	positively	ADV
fbem-28	92	30	correlated	correlate	VERB
fbem-28	92	31	with	with	ADP
fbem-28	92	32	market	market	NOUN
fbem-28	92	33	returns	return	NOUN
fbem-28	92	34	,	,	PUNCT
fbem-28	92	35	but	but	CCONJ
fbem-28	92	36	negatively	negatively	ADV
fbem-28	92	37	correlated	correlate	VERB
fbem-28	92	38	with	with	ADP
fbem-28	92	39	risk	risk	NOUN
fbem-28	92	40	-	-	PUNCT
fbem-28	92	41	free	free	ADJ
fbem-28	92	42	interest	interest	NOUN
fbem-28	92	43	rates	rate	NOUN
fbem-28	92	44	.	.	PUNCT
fbem-28	93	1	judging	judge	VERB
fbem-28	93	2	from	from	ADP
fbem-28	93	3	the	the	DET
fbem-28	93	4	value	value	NOUN
fbem-28	93	5	of	of	ADP
fbem-28	93	6	t	t	PROPN
fbem-28	93	7	and	and	CCONJ
fbem-28	93	8	p	p	X
fbem-28	93	9	,	,	PUNCT
fbem-28	93	10	the	the	DET
fbem-28	93	11	regression	regression	NOUN
fbem-28	93	12	coefficient	coefficient	NOUN
fbem-28	93	13	of	of	ADP
fbem-28	93	14	market	market	NOUN
fbem-28	93	15	return	return	NOUN
fbem-28	93	16	has	have	VERB
fbem-28	93	17	the	the	DET
fbem-28	93	18	highest	high	ADJ
fbem-28	93	19	importance	importance	NOUN
fbem-28	93	20	level	level	NOUN
fbem-28	93	21	.	.	PUNCT
fbem-28	94	1	on	on	ADP
fbem-28	94	2	the	the	DET
fbem-28	94	3	other	other	ADJ
fbem-28	94	4	hand	hand	NOUN
fbem-28	94	5	,	,	PUNCT
fbem-28	94	6	the	the	DET
fbem-28	94	7	returns	return	NOUN
fbem-28	94	8	of	of	ADP
fbem-28	94	9	other	other	ADJ
fbem-28	94	10	stock	stock	NOUN
fbem-28	94	11	also	also	ADV
fbem-28	94	12	have	have	VERB
fbem-28	94	13	influence	influence	NOUN
fbem-28	94	14	on	on	ADP
fbem-28	94	15	the	the	DET
fbem-28	94	16	returns	return	NOUN
fbem-28	94	17	of	of	ADP
fbem-28	94	18	the	the	DET
fbem-28	94	19	stock	stock	NOUN
fbem-28	94	20	that	that	PRON
fbem-28	94	21	studied	study	VERB
fbem-28	94	22	,	,	PUNCT
fbem-28	94	23	from	from	ADP
fbem-28	94	24	the	the	DET
fbem-28	94	25	view	view	NOUN
fbem-28	94	26	of	of	ADP
fbem-28	94	27	its	its	PRON
fbem-28	94	28	value	value	NOUN
fbem-28	94	29	of	of	ADP
fbem-28	94	30	t	t	NOUN
fbem-28	94	31	and	and	CCONJ
fbem-28	94	32	value	value	NOUN
fbem-28	94	33	of	of	ADP
fbem-28	94	34	p.	p.	NOUN
fbem-28	94	35	the	the	DET
fbem-28	94	36	importance	importance	NOUN
fbem-28	94	37	level	level	NOUN
fbem-28	94	38	of	of	ADP
fbem-28	94	39	regression	regression	NOUN
fbem-28	94	40	coefficient	coefficient	NOUN
fbem-28	94	41	of	of	ADP
fbem-28	94	42	stock	stock	NOUN
fbem-28	94	43	600897	600897	NUM
fbem-28	94	44	is	be	AUX
fbem-28	94	45	not	not	PART
fbem-28	94	46	low	low	ADJ
fbem-28	94	47	,	,	PUNCT
fbem-28	94	48	so	so	SCONJ
fbem-28	94	49	it	it	PRON
fbem-28	94	50	can	can	AUX
fbem-28	94	51	not	not	PART
fbem-28	94	52	be	be	AUX
fbem-28	94	53	ignored	ignore	VERB
fbem-28	94	54	.	.	PUNCT
fbem-28	95	1	the	the	DET
fbem-28	95	2	possible	possible	ADJ
fbem-28	95	3	economic	economic	ADJ
fbem-28	95	4	explanation	explanation	NOUN
fbem-28	95	5	i	i	PRON
fbem-28	95	6	think	think	VERB
fbem-28	95	7	is	be	AUX
fbem-28	95	8	that	that	SCONJ
fbem-28	95	9	because	because	SCONJ
fbem-28	95	10	stock	stock	NOUN
fbem-28	95	11	600009	600009	NUM
fbem-28	95	12	and	and	CCONJ
fbem-28	95	13	stock	stock	NOUN
fbem-28	95	14	600897	600897	NUM
fbem-28	95	15	are	be	AUX
fbem-28	95	16	both	both	PRON
fbem-28	95	17	airport	airport	NOUN
fbem-28	95	18	stocks	stock	NOUN
fbem-28	95	19	,	,	PUNCT
fbem-28	95	20	and	and	CCONJ
fbem-28	95	21	they	they	PRON
fbem-28	95	22	will	will	AUX
fbem-28	95	23	be	be	AUX
fbem-28	95	24	affected	affect	VERB
fbem-28	95	25	by	by	ADP
fbem-28	95	26	the	the	DET
fbem-28	95	27	same	same	ADJ
fbem-28	95	28	market	market	NOUN
fbem-28	95	29	conditions	condition	NOUN
fbem-28	95	30	,	,	PUNCT
fbem-28	95	31	so	so	SCONJ
fbem-28	95	32	they	they	PRON
fbem-28	95	33	have	have	VERB
fbem-28	95	34	a	a	DET
fbem-28	95	35	positive	positive	ADJ
fbem-28	95	36	relationship	relationship	NOUN
fbem-28	95	37	.	.	PUNCT
fbem-28	96	1	if	if	SCONJ
fbem-28	96	2	stocks	stock	NOUN
fbem-28	96	3	with	with	ADP
fbem-28	96	4	conflicting	conflicting	ADJ
fbem-28	96	5	types	type	NOUN
fbem-28	96	6	are	be	AUX
fbem-28	96	7	selected	select	VERB
fbem-28	96	8	,	,	PUNCT
fbem-28	96	9	the	the	DET
fbem-28	96	10	possible	possible	ADJ
fbem-28	96	11	relationship	relationship	NOUN
fbem-28	96	12	coefficient	coefficient	NOUN
fbem-28	96	13	between	between	ADP
fbem-28	96	14	them	they	PRON
fbem-28	96	15	can	can	AUX
fbem-28	96	16	be	be	AUX
fbem-28	96	17	negative	negative	ADJ
fbem-28	96	18	.	.	PUNCT
fbem-28	97	1	i	i	PRON
fbem-28	97	2	also	also	ADV
fbem-28	97	3	find	find	VERB
fbem-28	97	4	that	that	SCONJ
fbem-28	97	5	the	the	DET
fbem-28	97	6	value	value	NOUN
fbem-28	97	7	of	of	ADP
fbem-28	97	8	regression	regression	NOUN
fbem-28	97	9	coefficient	coefficient	NOUN
fbem-28	97	10	of	of	ADP
fbem-28	97	11	riskfree	riskfree	NOUN
fbem-28	97	12	interest	interest	NOUN
fbem-28	97	13	rate	rate	NOUN
fbem-28	97	14	and	and	CCONJ
fbem-28	97	15	the	the	DET
fbem-28	97	16	square	square	NOUN
fbem-28	97	17	of	of	ADP
fbem-28	97	18	risk	risk	NOUN
fbem-28	97	19	-	-	PUNCT
fbem-28	97	20	free	free	ADJ
fbem-28	97	21	interest	interest	NOUN
fbem-28	97	22	rate	rate	NOUN
fbem-28	97	23	are	be	AUX
fbem-28	97	24	both	both	PRON
fbem-28	97	25	not	not	PART
fbem-28	97	26	very	very	ADV
fbem-28	97	27	important	important	ADJ
fbem-28	97	28	.	.	PUNCT
fbem-28	98	1	does	do	AUX
fbem-28	98	2	that	that	PRON
fbem-28	98	3	mean	mean	VERB
fbem-28	98	4	that	that	SCONJ
fbem-28	98	5	the	the	DET
fbem-28	98	6	impact	impact	NOUN
fbem-28	98	7	of	of	ADP
fbem-28	98	8	risk	risk	NOUN
fbem-28	98	9	-	-	PUNCT
fbem-28	98	10	free	free	ADJ
fbem-28	98	11	interest	interest	NOUN
fbem-28	98	12	rate	rate	NOUN
fbem-28	98	13	on	on	ADP
fbem-28	98	14	stock	stock	NOUN
fbem-28	98	15	return	return	NOUN
fbem-28	98	16	rate	rate	NOUN
fbem-28	98	17	can	can	AUX
fbem-28	98	18	be	be	AUX
fbem-28	98	19	ignored	ignore	VERB
fbem-28	98	20	?	?	PUNCT
fbem-28	99	1	then	then	ADV
fbem-28	99	2	i	i	PRON
fbem-28	99	3	do	do	VERB
fbem-28	99	4	the	the	DET
fbem-28	99	5	f	f	NOUN
fbem-28	99	6	-	-	PUNCT
fbem-28	99	7	test	test	NOUN
fbem-28	99	8	:	:	PUNCT
fbem-28	99	9	table	table	NOUN
fbem-28	99	10	5	5	NUM
fbem-28	99	11	.	.	PUNCT
fbem-28	99	12	residual	residual	ADJ
fbem-28	99	13	analysis	analysis	NOUN
fbem-28	99	14	under	under	ADP
fbem-28	99	15	unconstrained	unconstrained	ADJ
fbem-28	99	16	and	and	CCONJ
fbem-28	99	17	constrained	constrained	ADJ
fbem-28	99	18	circumstances	circumstance	NOUN
fbem-28	99	19	source	source	NOUN
fbem-28	99	20	ss	ss	PROPN
fbem-28	99	21	df	df	PROPN
fbem-28	99	22	ms	ms	PROPN
fbem-28	99	23	model	model	PROPN
fbem-28	99	24	8093.112	8093.112	PROPN
fbem-28	99	25	1	1	NUM
fbem-28	99	26	8093.11158	8093.11158	NUM
fbem-28	99	27	residual	residual	ADJ
fbem-28	99	28	11275.34	11275.34	NUM
fbem-28	99	29	238	238	NUM
fbem-28	99	30	46.535028	46.535028	NUM
fbem-28	99	31	total	total	ADJ
fbem-28	99	32	19168.45	19168.45	NUM
fbem-28	99	33	239	239	NUM
fbem-28	99	34	80.2027123	80.2027123	NUM
fbem-28	99	35	source	source	NOUN
fbem-28	99	36	ss	ss	PROPN
fbem-28	99	37	df	df	PROPN
fbem-28	99	38	ms	ms	PROPN
fbem-28	99	39	model	model	PROPN
fbem-28	99	40	8344.987	8344.987	NUM
fbem-28	99	41	3	3	NUM
fbem-28	99	42	2781.662	2781.662	NUM
fbem-28	99	43	residual	residual	ADJ
fbem-28	99	44	10818.62	10818.62	NUM
fbem-28	99	45	235	235	NUM
fbem-28	99	46	46.03669	46.03669	NUM
fbem-28	99	47	total	total	ADJ
fbem-28	99	48	19163.61	19163.61	NUM
fbem-28	99	49	238	238	NUM
fbem-28	99	50	80.51937	80.51937	NUM
fbem-28	99	51	data	datum	NOUN
fbem-28	99	52	source	source	NOUN
fbem-28	99	53	:	:	PUNCT
fbem-28	99	54	official	official	ADJ
fbem-28	99	55	website	website	NOUN
fbem-28	99	56	of	of	ADP
fbem-28	99	57	bank	bank	PROPN
fbem-28	99	58	of	of	ADP
fbem-28	99	59	china	china	PROPN
fbem-28	99	60	and	and	CCONJ
fbem-28	99	61	shanghai	shanghai	PROPN
fbem-28	99	62	stock	stock	PROPN
fbem-28	99	63	exchange	exchange	PROPN
fbem-28	99	64	when	when	SCONJ
fbem-28	99	65	i	i	PRON
fbem-28	99	66	take	take	VERB
fbem-28	99	67	out	out	ADP
fbem-28	99	68	the	the	DET
fbem-28	99	69	two	two	NUM
fbem-28	99	70	variables	variable	NOUN
fbem-28	99	71	𝑅	𝑅	PROPN
fbem-28	99	72	and	and	CCONJ
fbem-28	99	73	𝑅	𝑅	PROPN
fbem-28	99	74	,	,	PUNCT
fbem-28	99	75	this	this	PRON
fbem-28	99	76	is	be	AUX
fbem-28	99	77	constrained	constrained	ADJ
fbem-28	99	78	situation	situation	NOUN
fbem-28	99	79	.	.	PUNCT
fbem-28	100	1	when	when	SCONJ
fbem-28	100	2	the	the	DET
fbem-28	100	3	two	two	NUM
fbem-28	100	4	variables	variable	NOUN
fbem-28	100	5	are	be	AUX
fbem-28	100	6	still	still	ADV
fbem-28	100	7	in	in	ADP
fbem-28	100	8	the	the	DET
fbem-28	100	9	model	model	NOUN
fbem-28	100	10	,	,	PUNCT
fbem-28	100	11	this	this	PRON
fbem-28	100	12	is	be	AUX
fbem-28	100	13	the	the	DET
fbem-28	100	14	unconstrained	unconstrained	ADJ
fbem-28	100	15	situation	situation	NOUN
fbem-28	100	16	.	.	PUNCT
fbem-28	101	1	we	we	PRON
fbem-28	101	2	assume	assume	VERB
fbem-28	101	3	that	that	SCONJ
fbem-28	101	4	the	the	DET
fbem-28	101	5	coefficient	coefficient	NOUN
fbem-28	101	6	of	of	ADP
fbem-28	101	7	risk	risk	NOUN
fbem-28	101	8	-	-	PUNCT
fbem-28	101	9	free	free	ADJ
fbem-28	101	10	interest	interest	NOUN
fbem-28	101	11	rate	rate	NOUN
fbem-28	101	12	and	and	CCONJ
fbem-28	101	13	the	the	DET
fbem-28	101	14	return	return	NOUN
fbem-28	101	15	rate	rate	NOUN
fbem-28	101	16	of	of	ADP
fbem-28	101	17	other	other	ADJ
fbem-28	101	18	stocks	stock	NOUN
fbem-28	101	19	in	in	ADP
fbem-28	101	20	the	the	DET
fbem-28	101	21	above	above	ADJ
fbem-28	101	22	formula	formula	NOUN
fbem-28	101	23	are	be	AUX
fbem-28	101	24	zero	zero	NUM
fbem-28	101	25	,	,	PUNCT
fbem-28	101	26	and	and	CCONJ
fbem-28	101	27	the	the	DET
fbem-28	101	28	sum	sum	NOUN
fbem-28	101	29	of	of	ADP
fbem-28	101	30	error	error	NOUN
fbem-28	101	31	squares	square	NOUN
fbem-28	101	32	obtained	obtain	VERB
fbem-28	101	33	by	by	ADP
fbem-28	101	34	unconstrained	unconstrained	ADJ
fbem-28	101	35	model	model	NOUN
fbem-28	101	36	and	and	CCONJ
fbem-28	101	37	constrained	constrained	ADJ
fbem-28	101	38	model	model	NOUN
fbem-28	101	39	is	be	AUX
fbem-28	101	40	obtained	obtain	VERB
fbem-28	101	41	respectively	respectively	ADV
fbem-28	101	42	.	.	PUNCT
fbem-28	102	1	𝐹	𝐹	PROPN
fbem-28	102	2	𝑆𝑆𝐸	𝑆𝑆𝐸	PROPN
fbem-28	102	3	𝑆𝑆𝐸	𝑆𝑆𝐸	PROPN
fbem-28	102	4	/𝐽	/𝐽	PUNCT
fbem-28	103	1	𝑆𝑆𝐸	𝑆𝑆𝐸	PROPN
fbem-28	103	2	/	/	SYM
fbem-28	103	3	𝑁	𝑁	PROPN
fbem-28	103	4	𝐾	𝐾	PROPN
fbem-28	103	5	11275	11275	NUM
fbem-28	103	6	10818	10818	NUM
fbem-28	103	7	/2	/2	PUNCT
fbem-28	104	1	10818/	10818/	NUM
fbem-28	104	2	240	240	NUM
fbem-28	104	3	3	3	NUM
fbem-28	104	4	5.07	5.07	NUM
fbem-28	104	5	𝐹	𝐹	PROPN
fbem-28	104	6	,	,	PUNCT
fbem-28	104	7	.	.	PUNCT
fbem-28	105	1	since	since	SCONJ
fbem-28	105	2	5.07>3.02	5.07>3.02	NUM
fbem-28	105	3	,	,	PUNCT
fbem-28	105	4	we	we	PRON
fbem-28	105	5	reject	reject	VERB
fbem-28	105	6	the	the	DET
fbem-28	105	7	original	original	ADJ
fbem-28	105	8	hypothesis	hypothesis	NOUN
fbem-28	105	9	.	.	PUNCT
fbem-28	106	1	we	we	PRON
fbem-28	106	2	can	can	AUX
fbem-28	106	3	draw	draw	VERB
fbem-28	106	4	the	the	DET
fbem-28	106	5	conclusion	conclusion	NOUN
fbem-28	106	6	that	that	SCONJ
fbem-28	106	7	the	the	DET
fbem-28	106	8	risk	risk	NOUN
fbem-28	106	9	-	-	PUNCT
fbem-28	106	10	free	free	ADJ
fbem-28	106	11	interest	interest	NOUN
fbem-28	106	12	rate	rate	NOUN
fbem-28	106	13	does	do	AUX
fbem-28	106	14	have	have	AUX
fbem-28	106	15	an	an	DET
fbem-28	106	16	impact	impact	NOUN
fbem-28	106	17	on	on	ADP
fbem-28	106	18	the	the	DET
fbem-28	106	19	stock	stock	NOUN
fbem-28	106	20	yield	yield	NOUN
fbem-28	106	21	,	,	PUNCT
fbem-28	106	22	and	and	CCONJ
fbem-28	106	23	this	this	DET
fbem-28	106	24	impact	impact	NOUN
fbem-28	106	25	can	can	AUX
fbem-28	106	26	not	not	PART
fbem-28	106	27	be	be	AUX
fbem-28	106	28	ignored	ignore	VERB
fbem-28	106	29	.	.	PUNCT
fbem-28	107	1	i	i	PRON
fbem-28	107	2	want	want	VERB
fbem-28	107	3	to	to	PART
fbem-28	107	4	further	far	ADV
fbem-28	107	5	test	test	VERB
fbem-28	107	6	whether	whether	SCONJ
fbem-28	107	7	there	there	PRON
fbem-28	107	8	is	be	VERB
fbem-28	107	9	multicollinearity	multicollinearity	NOUN
fbem-28	107	10	between	between	ADP
fbem-28	107	11	variables	variable	NOUN
fbem-28	107	12	,	,	PUNCT
fbem-28	107	13	and	and	CCONJ
fbem-28	107	14	i	i	PRON
fbem-28	107	15	test	test	NOUN
fbem-28	107	16	variance	variance	NOUN
fbem-28	107	17	expansion	expansion	NOUN
fbem-28	107	18	factor	factor	NOUN
fbem-28	107	19	:	:	PUNCT
fbem-28	107	20	table	table	NOUN
fbem-28	107	21	6	6	NUM
fbem-28	107	22	.	.	PUNCT
fbem-28	108	1	vif	vif	PROPN
fbem-28	108	2	test	test	NOUN
fbem-28	108	3	variables	variable	NOUN
fbem-28	108	4	vif	vif	PROPN
fbem-28	108	5	1	1	NUM
fbem-28	108	6	/	/	SYM
fbem-28	108	7	vif	vif	NOUN
fbem-28	108	8	rf2	rf2	VERB
fbem-28	108	9	53.930	53.930	NUM
fbem-28	108	10	0.019	0.019	NUM
fbem-28	108	11	rf	rf	NUM
fbem-28	108	12	53.440	53.440	NUM
fbem-28	108	13	0.019	0.019	NUM
fbem-28	108	14	rm	rm	NOUN
fbem-28	108	15	1.080	1.080	NUM
fbem-28	108	16	0.928	0.928	NUM
fbem-28	108	17	rt600897	rt600897	NOUN
fbem-28	108	18	3.796	3.796	NUM
fbem-28	109	1	0.263	0.263	NUM
fbem-28	109	2	mean	mean	VERB
fbem-28	109	3	vif	vif	NOUN
fbem-28	109	4	36.150	36.150	NUM
fbem-28	109	5	from	from	ADP
fbem-28	109	6	table	table	NOUN
fbem-28	109	7	6	6	NUM
fbem-28	109	8	,	,	PUNCT
fbem-28	109	9	i	i	PRON
fbem-28	109	10	find	find	VERB
fbem-28	109	11	that	that	SCONJ
fbem-28	109	12	the	the	DET
fbem-28	109	13	variance	variance	NOUN
fbem-28	109	14	expansion	expansion	NOUN
fbem-28	109	15	factor	factor	NOUN
fbem-28	109	16	is	be	AUX
fbem-28	109	17	very	very	ADV
fbem-28	109	18	large	large	ADJ
fbem-28	109	19	,	,	PUNCT
fbem-28	109	20	which	which	PRON
fbem-28	109	21	shows	show	VERB
fbem-28	109	22	that	that	SCONJ
fbem-28	109	23	there	there	PRON
fbem-28	109	24	is	be	VERB
fbem-28	109	25	multicollinearity	multicollinearity	NOUN
fbem-28	109	26	.	.	PUNCT
fbem-28	110	1	there	there	PRON
fbem-28	110	2	is	be	VERB
fbem-28	110	3	serious	serious	ADJ
fbem-28	110	4	multicollinearity	multicollinearity	NOUN
fbem-28	110	5	between	between	ADP
fbem-28	110	6	rf	rf	NOUN
fbem-28	110	7	and	and	CCONJ
fbem-28	110	8	rf2	rf2	VERB
fbem-28	110	9	.	.	PUNCT
fbem-28	111	1	more	more	ADV
fbem-28	111	2	accurate	accurate	ADJ
fbem-28	111	3	analysis	analysis	NOUN
fbem-28	111	4	some	some	DET
fbem-28	111	5	analysis	analysis	NOUN
fbem-28	111	6	based	base	VERB
fbem-28	111	7	on	on	ADP
fbem-28	111	8	capm	capm	PROPN
fbem-28	111	9	:	:	PUNCT
fbem-28	111	10	capm	capm	NOUN
fbem-28	111	11	:	:	PUNCT
fbem-28	112	1	𝐸	𝐸	PROPN
fbem-28	112	2	𝑟	𝑟	NOUN
fbem-28	112	3	𝛽	𝛽	VERB
fbem-28	112	4	𝐸	𝐸	VERB
fbem-28	112	5	𝑟	𝑟	NOUN
fbem-28	112	6	𝑟	𝑟	DET
fbem-28	112	7	𝑟	𝑟	X
fbem-28	112	8	capm	capm	PROPN
fbem-28	112	9	(	(	PUNCT
fbem-28	112	10	capital	capital	NOUN
fbem-28	112	11	asset	asset	NOUN
fbem-28	112	12	pricing	pricing	NOUN
fbem-28	112	13	model	model	NOUN
fbem-28	112	14	)	)	PUNCT
fbem-28	112	15	,	,	PUNCT
fbem-28	112	16	developed	develop	VERB
fbem-28	112	17	based	base	VERB
fbem-28	112	18	on	on	ADP
fbem-28	112	19	markowitz	markowitz	PROPN
fbem-28	112	20	's	's	PART
fbem-28	112	21	modern	modern	ADJ
fbem-28	112	22	portfolio	portfolio	NOUN
fbem-28	112	23	selection	selection	NOUN
fbem-28	112	24	theory	theory	NOUN
fbem-28	112	25	,	,	PUNCT
fbem-28	112	26	assumes	assume	VERB
fbem-28	112	27	that	that	SCONJ
fbem-28	112	28	each	each	DET
fbem-28	112	29	investor	investor	NOUN
fbem-28	112	30	uses	use	VERB
fbem-28	112	31	a	a	DET
fbem-28	112	32	series	series	NOUN
fbem-28	112	33	of	of	ADP
fbem-28	112	34	portfolios	portfolio	NOUN
fbem-28	112	35	to	to	PART
fbem-28	112	36	obtain	obtain	VERB
fbem-28	112	37	the	the	DET
fbem-28	112	38	finite	finite	ADJ
fbem-28	112	39	boundary	boundary	NOUN
fbem-28	112	40	including	include	VERB
fbem-28	112	41	all	all	DET
fbem-28	112	42	risky	risky	ADJ
fbem-28	112	43	assets	asset	NOUN
fbem-28	112	44	based	base	VERB
fbem-28	112	45	on	on	ADP
fbem-28	112	46	the	the	DET
fbem-28	112	47	maximization	maximization	NOUN
fbem-28	112	48	principle	principle	NOUN
fbem-28	112	49	of	of	ADP
fbem-28	112	50	markowitz	markowitz	PROPN
fbem-28	112	51	.	.	PUNCT
fbem-28	113	1	it	it	PRON
fbem-28	113	2	obtains	obtain	VERB
fbem-28	113	3	the	the	DET
fbem-28	113	4	asset	asset	NOUN
fbem-28	113	5	allocation	allocation	NOUN
fbem-28	113	6	line	line	NOUN
fbem-28	113	7	through	through	ADP
fbem-28	113	8	the	the	DET
fbem-28	113	9	tangent	tangent	NOUN
fbem-28	113	10	of	of	ADP
fbem-28	113	11	risk	risk	NOUN
fbem-28	113	12	-	-	PUNCT
fbem-28	113	13	free	free	ADJ
fbem-28	113	14	return	return	NOUN
fbem-28	113	15	,	,	PUNCT
fbem-28	113	16	and	and	CCONJ
fbem-28	113	17	then	then	ADV
fbem-28	113	18	develops	develop	VERB
fbem-28	113	19	into	into	ADP
fbem-28	113	20	the	the	DET
fbem-28	113	21	securities	security	NOUN
fbem-28	113	22	market	market	NOUN
fbem-28	113	23	line	line	NOUN
fbem-28	113	24	,	,	PUNCT
fbem-28	113	25	which	which	PRON
fbem-28	113	26	is	be	AUX
fbem-28	113	27	used	use	VERB
fbem-28	113	28	to	to	PART
fbem-28	113	29	price	price	VERB
fbem-28	113	30	a	a	DET
fbem-28	113	31	single	single	ADJ
fbem-28	113	32	asset	asset	NOUN
fbem-28	113	33	or	or	CCONJ
fbem-28	113	34	portfolio	portfolio	NOUN
fbem-28	113	35	.	.	PUNCT
fbem-28	114	1	however	however	ADV
fbem-28	114	2	,	,	PUNCT
fbem-28	114	3	gao	gao	PROPN
fbem-28	114	4	yan	yan	PROPN
fbem-28	114	5	(	(	PUNCT
fbem-28	114	6	2018	2018	NUM
fbem-28	114	7	)	)	PUNCT
fbem-28	114	8	said	say	VERB
fbem-28	114	9	"	"	PUNCT
fbem-28	114	10	this	this	DET
fbem-28	114	11	model	model	NOUN
fbem-28	114	12	is	be	AUX
fbem-28	114	13	not	not	PART
fbem-28	114	14	fully	fully	ADV
fbem-28	114	15	applicable	applicable	ADJ
fbem-28	114	16	in	in	ADP
fbem-28	114	17	the	the	DET
fbem-28	114	18	chinese	chinese	ADJ
fbem-28	114	19	market	market	NOUN
fbem-28	114	20	"	"	PUNCT
fbem-28	115	1	[	[	X
fbem-28	115	2	2	2	NUM
fbem-28	115	3	]	]	PUNCT
fbem-28	115	4	.	.	PUNCT
fbem-28	116	1	drew	drew	PROPN
fbem-28	116	2	,	,	PUNCT
fbem-28	116	3	naughton	naughton	PROPN
fbem-28	116	4	and	and	CCONJ
fbem-28	116	5	veeraragaghavan	veeraragaghavan	NOUN
fbem-28	116	6	tested	test	VERB
fbem-28	116	7	the	the	DET
fbem-28	116	8	multifactor	multifactor	NOUN
fbem-28	116	9	model	model	NOUN
fbem-28	116	10	on	on	ADP
fbem-28	116	11	shanghai	shanghai	PROPN
fbem-28	116	12	stock	stock	PROPN
fbem-28	116	13	exchange	exchange	PROPN
fbem-28	116	14	market	market	NOUN
fbem-28	116	15	factor	factor	NOUN
fbem-28	116	16	alone	alone	ADV
fbem-28	116	17	is	be	AUX
fbem-28	116	18	not	not	PART
fbem-28	116	19	sufficient	sufficient	ADJ
fbem-28	116	20	to	to	PART
fbem-28	116	21	describe	describe	VERB
fbem-28	116	22	the	the	DET
fbem-28	116	23	cross	cross	NOUN
fbem-28	116	24	-	-	NOUN
fbem-28	116	25	section	section	NOUN
fbem-28	116	26	of	of	ADP
fbem-28	116	27	average	average	ADJ
fbem-28	116	28	stock	stock	NOUN
fbem-28	116	29	returns	return	NOUN
fbem-28	116	30	in	in	ADP
fbem-28	116	31	china	china	PROPN
fbem-28	117	1	[	[	X
fbem-28	117	2	3	3	NUM
fbem-28	117	3	]	]	PUNCT
fbem-28	117	4	.	.	PUNCT
fbem-28	118	1	based	base	VERB
fbem-28	118	2	on	on	ADP
fbem-28	118	3	capm	capm	PROPN
fbem-28	118	4	,	,	PUNCT
fbem-28	118	5	i	i	PRON
fbem-28	118	6	have	have	AUX
fbem-28	118	7	further	far	ADV
fbem-28	118	8	processed	process	VERB
fbem-28	118	9	the	the	DET
fbem-28	118	10	data	datum	NOUN
fbem-28	118	11	in	in	ADP
fbem-28	118	12	order	order	NOUN
fbem-28	118	13	to	to	PART
fbem-28	118	14	analyze	analyze	VERB
fbem-28	118	15	the	the	DET
fbem-28	118	16	more	more	ADV
fbem-28	118	17	exact	exact	ADJ
fbem-28	118	18	correlation	correlation	NOUN
fbem-28	118	19	among	among	ADP
fbem-28	118	20	the	the	DET
fbem-28	118	21	variables	variable	NOUN
fbem-28	118	22	.	.	PUNCT
fbem-28	119	1	where	where	SCONJ
fbem-28	119	2	e(ri	e(ri	NOUN
fbem-28	119	3	)	)	PUNCT
fbem-28	119	4	is	be	AUX
fbem-28	119	5	the	the	DET
fbem-28	119	6	expected	expect	VERB
fbem-28	119	7	return	return	NOUN
fbem-28	119	8	of	of	ADP
fbem-28	119	9	stock	stock	NOUN
fbem-28	119	10	600009	600009	NUM
fbem-28	119	11	,	,	PUNCT
fbem-28	119	12	rf	rf	PRON
fbem-28	119	13	is	be	AUX
fbem-28	119	14	the	the	DET
fbem-28	119	15	risk	risk	NOUN
fbem-28	119	16	-	-	PUNCT
fbem-28	119	17	free	free	ADJ
fbem-28	119	18	rate	rate	NOUN
fbem-28	119	19	,	,	PUNCT
fbem-28	119	20	e(rm	e(rm	PROPN
fbem-28	119	21	)	)	PUNCT
fbem-28	119	22	is	be	AUX
fbem-28	119	23	the	the	DET
fbem-28	119	24	market	market	NOUN
fbem-28	119	25	return	return	NOUN
fbem-28	119	26	and	and	CCONJ
fbem-28	119	27	β	β	X
fbem-28	119	28	measures	measure	NOUN
fbem-28	119	29	the	the	DET
fbem-28	119	30	stock	stock	NOUN
fbem-28	119	31	’s	’s	PART
fbem-28	119	32	sensitivity	sensitivity	NOUN
fbem-28	119	33	to	to	ADP
fbem-28	119	34	market	market	NOUN
fbem-28	119	35	risk	risk	NOUN
fbem-28	119	36	.	.	PUNCT
fbem-28	120	1	according	accord	VERB
fbem-28	120	2	to	to	ADP
fbem-28	120	3	the	the	DET
fbem-28	120	4	previous	previous	ADJ
fbem-28	120	5	analysis	analysis	NOUN
fbem-28	120	6	,	,	PUNCT
fbem-28	120	7	the	the	DET
fbem-28	120	8	correlation	correlation	NOUN
fbem-28	120	9	of	of	ADP
fbem-28	120	10	market	market	NOUN
fbem-28	120	11	returns	return	NOUN
fbem-28	120	12	is	be	AUX
fbem-28	120	13	high	high	ADJ
fbem-28	120	14	,	,	PUNCT
fbem-28	120	15	but	but	CCONJ
fbem-28	120	16	the	the	DET
fbem-28	120	17	correlation	correlation	NOUN
fbem-28	120	18	of	of	ADP
fbem-28	120	19	risk	risk	NOUN
fbem-28	120	20	-	-	PUNCT
fbem-28	120	21	free	free	ADJ
fbem-28	120	22	interest	interest	NOUN
fbem-28	120	23	rates	rate	NOUN
fbem-28	120	24	is	be	AUX
fbem-28	120	25	not	not	PART
fbem-28	120	26	high	high	ADJ
fbem-28	120	27	,	,	PUNCT
fbem-28	120	28	while	while	SCONJ
fbem-28	120	29	the	the	DET
fbem-28	120	30	returns	return	NOUN
fbem-28	120	31	of	of	ADP
fbem-28	120	32	other	other	ADJ
fbem-28	120	33	stocks	stock	NOUN
fbem-28	120	34	have	have	VERB
fbem-28	120	35	an	an	DET
fbem-28	120	36	impact	impact	NOUN
fbem-28	120	37	on	on	ADP
fbem-28	120	38	the	the	DET
fbem-28	120	39	stocks	stock	NOUN
fbem-28	120	40	studied	study	VERB
fbem-28	120	41	.	.	PUNCT
fbem-28	121	1	therefore	therefore	ADV
fbem-28	121	2	,	,	PUNCT
fbem-28	121	3	in	in	ADP
fbem-28	121	4	order	order	NOUN
fbem-28	121	5	to	to	PART
fbem-28	121	6	study	study	VERB
fbem-28	121	7	the	the	DET
fbem-28	121	8	coefficient	coefficient	NOUN
fbem-28	121	9	better	well	ADV
fbem-28	121	10	,	,	PUNCT
fbem-28	121	11	i	i	PRON
fbem-28	121	12	simply	simply	ADV
fbem-28	121	13	deform	deform	VERB
fbem-28	121	14	and	and	CCONJ
fbem-28	121	15	change	change	VERB
fbem-28	121	16	the	the	DET
fbem-28	121	17	formula	formula	NOUN
fbem-28	121	18	as	as	ADP
fbem-28	121	19	:	:	PUNCT
fbem-28	121	20	𝑅	𝑅	PROPN
fbem-28	121	21	𝑅	𝑅	PROPN
fbem-28	121	22	𝛼	𝛼	PROPN
fbem-28	121	23	𝛽	𝛽	PROPN
fbem-28	121	24	𝑅	𝑅	PROPN
fbem-28	121	25	𝑅	𝑅	PROPN
fbem-28	121	26	𝛽	𝛽	PROPN
fbem-28	121	27	𝑅	𝑅	PROPN
fbem-28	121	28	𝜀	𝜀	PROPN
fbem-28	121	29	rit	rit	NOUN
fbem-28	121	30	is	be	AUX
fbem-28	121	31	the	the	DET
fbem-28	121	32	return	return	NOUN
fbem-28	121	33	on	on	ADP
fbem-28	121	34	stock	stock	NOUN
fbem-28	121	35	600009	600009	NUM
fbem-28	121	36	.	.	PUNCT
fbem-28	122	1	rjt	rjt	NOUN
fbem-28	122	2	is	be	AUX
fbem-28	122	3	the	the	DET
fbem-28	122	4	return	return	NOUN
fbem-28	122	5	rate	rate	NOUN
fbem-28	122	6	of	of	ADP
fbem-28	122	7	other	other	ADJ
fbem-28	122	8	stocks	stock	NOUN
fbem-28	122	9	,	,	PUNCT
fbem-28	122	10	in	in	ADP
fbem-28	122	11	this	this	DET
fbem-28	122	12	case	case	NOUN
fbem-28	122	13	,	,	PUNCT
fbem-28	122	14	is	be	AUX
fbem-28	122	15	stock	stock	NOUN
fbem-28	122	16	600897	600897	NUM
fbem-28	122	17	.	.	PUNCT
fbem-28	123	1	rf	rf	PRON
fbem-28	123	2	is	be	AUX
fbem-28	123	3	the	the	DET
fbem-28	123	4	risk	risk	NOUN
fbem-28	123	5	-	-	PUNCT
fbem-28	123	6	free	free	ADJ
fbem-28	123	7	rate	rate	NOUN
fbem-28	123	8	that	that	PRON
fbem-28	123	9	is	be	AUX
fbem-28	123	10	often	often	ADV
fbem-28	123	11	measured	measure	VERB
fbem-28	123	12	by	by	ADP
fbem-28	123	13	the	the	DET
fbem-28	123	14	three	three	NUM
fbem-28	123	15	-	-	PUNCT
fbem-28	123	16	month	month	NOUN
fbem-28	123	17	time	time	NOUN
fbem-28	123	18	deposit	deposit	NOUN
fbem-28	123	19	rate	rate	NOUN
fbem-28	123	20	.	.	PUNCT
fbem-28	124	1	rm	rm	PROPN
fbem-28	124	2	is	be	AUX
fbem-28	124	3	the	the	DET
fbem-28	124	4	market	market	NOUN
fbem-28	124	5	return	return	NOUN
fbem-28	124	6	.	.	PUNCT
fbem-28	125	1	α	α	PRON
fbem-28	125	2	is	be	AUX
fbem-28	125	3	the	the	DET
fbem-28	125	4	intercept	intercept	NOUN
fbem-28	125	5	term	term	NOUN
fbem-28	125	6	.	.	PUNCT
fbem-28	126	1	εi	εi	PRON
fbem-28	126	2	is	be	AUX
fbem-28	126	3	the	the	DET
fbem-28	126	4	error	error	NOUN
fbem-28	126	5	.	.	PUNCT
fbem-28	127	1	rit	rit	PROPN
fbem-28	127	2	rf	rf	PROPN
fbem-28	127	3	is	be	AUX
fbem-28	127	4	the	the	DET
fbem-28	127	5	excess	excess	ADJ
fbem-28	127	6	return	return	NOUN
fbem-28	127	7	of	of	ADP
fbem-28	127	8	stock	stock	NOUN
fbem-28	127	9	600009	600009	NUM
fbem-28	127	10	,	,	PUNCT
fbem-28	127	11	rmt	rmt	NOUN
fbem-28	127	12	rf	rf	NOUN
fbem-28	127	13	is	be	AUX
fbem-28	127	14	the	the	DET
fbem-28	127	15	excess	excess	ADJ
fbem-28	127	16	return	return	NOUN
fbem-28	127	17	of	of	ADP
fbem-28	127	18	shanghai	shanghai	PROPN
fbem-28	127	19	stock	stock	NOUN
fbem-28	127	20	market	market	NOUN
fbem-28	127	21	.	.	PUNCT
fbem-28	128	1	13	13	NUM
fbem-28	128	2	table	table	NOUN
fbem-28	128	3	7	7	NUM
fbem-28	128	4	.	.	PUNCT
fbem-28	128	5	multiple	multiple	ADJ
fbem-28	128	6	regression	regression	NOUN
fbem-28	128	7	2	2	NUM
fbem-28	128	8	er	er	INTJ
fbem-28	128	9	of	of	ADP
fbem-28	128	10	the	the	DET
fbem-28	128	11	stock	stock	NOUN
fbem-28	128	12	600009	600009	NUM
fbem-28	128	13	coef	coef	PROPN
fbem-28	128	14	.	.	PUNCT
fbem-28	129	1	st.err	st.err	PROPN
fbem-28	129	2	.	.	PROPN
fbem-28	130	1	t	t	NOUN
fbem-28	130	2	-	-	PUNCT
fbem-28	130	3	value	value	NOUN
fbem-28	130	4	p	p	NOUN
fbem-28	130	5	-	-	PUNCT
fbem-28	130	6	value	value	NOUN
fbem-28	130	7	[	[	X
fbem-28	130	8	95	95	NUM
fbem-28	130	9	%	%	NOUN
fbem-28	130	10	conf	conf	NOUN
fbem-28	130	11	interval	interval	NOUN
fbem-28	130	12	]	]	X
fbem-28	131	1	sig	sig	INTJ
fbem-28	131	2	er	er	INTJ
fbem-28	131	3	of	of	ADP
fbem-28	131	4	the	the	DET
fbem-28	131	5	shanghai	shanghai	PROPN
fbem-28	131	6	stock	stock	PROPN
fbem-28	131	7	market	market	NOUN
fbem-28	131	8	1.122	1.122	NUM
fbem-28	131	9	0.125	0.125	NUM
fbem-28	131	10	13.50	13.50	NUM
fbem-28	131	11	0	0	NUM
fbem-28	131	12	0.668	0.668	NUM
fbem-28	131	13	0.896	0.896	NUM
fbem-28	131	14	*	*	PUNCT
fbem-28	131	15	*	*	PUNCT
fbem-28	131	16	*	*	PUNCT
fbem-28	131	17	rt600897	rt600897	PROPN
fbem-28	131	18	0.467	0.467	NUM
fbem-28	131	19	0.674	0.674	NUM
fbem-28	131	20	1.05	1.05	NUM
fbem-28	131	21	0.078	0.078	NUM
fbem-28	131	22	-0.098	-0.098	NUM
fbem-28	131	23	0.092	0.092	NUM
fbem-28	131	24	*	*	PUNCT
fbem-28	131	25	constant	constant	ADJ
fbem-28	131	26	0.659	0.659	NUM
fbem-28	131	27	0.448	0.448	NUM
fbem-28	131	28	1.47	1.47	NUM
fbem-28	131	29	0.143	0.143	NUM
fbem-28	131	30	-0.225	-0.225	NUM
fbem-28	131	31	1.542	1.542	NUM
fbem-28	131	32	mean	mean	NOUN
fbem-28	131	33	dependent	dependent	ADJ
fbem-28	131	34	var	var	NOUN
fbem-28	131	35	-0.398	-0.398	PUNCT
fbem-28	131	36	sd	sd	ADP
fbem-28	131	37	dependent	dependent	ADJ
fbem-28	131	38	var	var	NOUN
fbem-28	132	1	9.067	9.067	NUM
fbem-28	132	2	r	r	NOUN
fbem-28	132	3	-	-	PUNCT
fbem-28	132	4	squared	square	VERB
fbem-28	132	5	0.687	0.687	NUM
fbem-28	132	6	number	number	NOUN
fbem-28	132	7	of	of	ADP
fbem-28	132	8	obs	obs	PROPN
fbem-28	132	9	240.000	240.000	NUM
fbem-28	132	10	adjusted	adjust	VERB
fbem-28	132	11	r	r	NOUN
fbem-28	132	12	square	square	NOUN
fbem-28	132	13	0.685	0.685	NUM
fbem-28	132	14	f	f	X
fbem-28	132	15	-	-	PUNCT
fbem-28	132	16	test	test	NOUN
fbem-28	132	17	182.232	182.232	NUM
fbem-28	132	18	prob	prob	NOUN
fbem-28	132	19	>	>	X
fbem-28	132	20	f	f	PROPN
fbem-28	132	21	0.000	0.000	NUM
fbem-28	132	22	akaike	akaike	ADJ
fbem-28	132	23	crit	crit	NOUN
fbem-28	132	24	.	.	PUNCT
fbem-28	133	1	(	(	PUNCT
fbem-28	133	2	aic	aic	PROPN
fbem-28	133	3	)	)	PUNCT
fbem-28	133	4	1605.861	1605.861	PROPN
fbem-28	133	5	bayesian	bayesian	NOUN
fbem-28	133	6	crit	crit	NOUN
fbem-28	133	7	.	.	PUNCT
fbem-28	134	1	(	(	PUNCT
fbem-28	134	2	bic	bic	NOUN
fbem-28	134	3	)	)	PUNCT
fbem-28	134	4	1612.822	1612.822	NUM
fbem-28	134	5	*	*	PUNCT
fbem-28	134	6	*	*	PUNCT
fbem-28	134	7	*	*	PUNCT
fbem-28	134	8	p<.01	p<.01	VERB
fbem-28	134	9	,	,	PUNCT
fbem-28	134	10	*	*	PUNCT
fbem-28	134	11	*	*	NOUN
fbem-28	134	12	p<.05	p<.05	NOUN
fbem-28	134	13	,	,	PUNCT
fbem-28	134	14	*	*	PUNCT
fbem-28	134	15	p<.1	p<.1	PROPN
fbem-28	134	16	data	data	NOUN
fbem-28	134	17	source	source	NOUN
fbem-28	134	18	:	:	PUNCT
fbem-28	134	19	official	official	ADJ
fbem-28	134	20	website	website	NOUN
fbem-28	134	21	of	of	ADP
fbem-28	134	22	bank	bank	PROPN
fbem-28	134	23	of	of	ADP
fbem-28	134	24	china	china	PROPN
fbem-28	134	25	and	and	CCONJ
fbem-28	134	26	shanghai	shanghai	PROPN
fbem-28	134	27	stock	stock	PROPN
fbem-28	134	28	exchange	exchange	PROPN
fbem-28	134	29	.	.	PUNCT
fbem-28	135	1	table	table	NOUN
fbem-28	135	2	8	8	NUM
fbem-28	135	3	.	.	PUNCT
fbem-28	136	1	residual	residual	ADJ
fbem-28	136	2	statistics	statistic	NOUN
fbem-28	136	3	df	df	PROPN
fbem-28	136	4	ss	ss	PROPN
fbem-28	136	5	ms	ms	PROPN
fbem-28	136	6	f	f	PROPN
fbem-28	136	7	significance	significance	NOUN
fbem-28	136	8	f	f	PROPN
fbem-28	136	9	regression	regression	VERB
fbem-28	136	10	analysis	analysis	NOUN
fbem-28	136	11	1	1	NUM
fbem-28	136	12	8520.186	8520.186	NUM
fbem-28	136	13	8520.186	8520.186	NUM
fbem-28	136	14	182.2321118	182.2321118	NUM
fbem-28	136	15	3.23396e-31	3.23396e-31	NUM
fbem-28	136	16	residual	residual	ADJ
fbem-28	136	17	238	238	NUM
fbem-28	136	18	11127.59	11127.59	NUM
fbem-28	136	19	46.75458	46.75458	NUM
fbem-28	136	20	total	total	NOUN
fbem-28	136	21	239	239	NUM
fbem-28	136	22	19647.78	19647.78	NUM
fbem-28	136	23	data	datum	NOUN
fbem-28	136	24	source	source	NOUN
fbem-28	136	25	:	:	PUNCT
fbem-28	136	26	official	official	ADJ
fbem-28	136	27	website	website	NOUN
fbem-28	136	28	of	of	ADP
fbem-28	136	29	bank	bank	PROPN
fbem-28	136	30	of	of	ADP
fbem-28	136	31	china	china	PROPN
fbem-28	136	32	and	and	CCONJ
fbem-28	136	33	shanghai	shanghai	PROPN
fbem-28	136	34	stock	stock	PROPN
fbem-28	136	35	exchange	exchange	PROPN
fbem-28	136	36	from	from	ADP
fbem-28	136	37	table	table	NOUN
fbem-28	136	38	7&8	7&8	NOUN
fbem-28	136	39	,	,	PUNCT
fbem-28	136	40	according	accord	VERB
fbem-28	136	41	to	to	ADP
fbem-28	136	42	the	the	DET
fbem-28	136	43	regression	regression	NOUN
fbem-28	136	44	analysis	analysis	NOUN
fbem-28	136	45	,	,	PUNCT
fbem-28	136	46	from	from	ADP
fbem-28	136	47	the	the	DET
fbem-28	136	48	tables	table	NOUN
fbem-28	136	49	above	above	ADV
fbem-28	136	50	,	,	PUNCT
fbem-28	136	51	the	the	DET
fbem-28	136	52	regression	regression	NOUN
fbem-28	136	53	coefficient	coefficient	NOUN
fbem-28	136	54	is	be	AUX
fbem-28	136	55	1.122	1.122	NUM
fbem-28	136	56	.	.	PUNCT
fbem-28	137	1	the	the	DET
fbem-28	137	2	standard	standard	ADJ
fbem-28	137	3	deviation	deviation	NOUN
fbem-28	137	4	of	of	ADP
fbem-28	137	5	coefficient	coefficient	NOUN
fbem-28	137	6	of	of	ADP
fbem-28	137	7	regression	regression	NOUN
fbem-28	137	8	is	be	AUX
fbem-28	137	9	only	only	ADV
fbem-28	137	10	0.125	0.125	NUM
fbem-28	137	11	,	,	PUNCT
fbem-28	137	12	which	which	PRON
fbem-28	137	13	is	be	AUX
fbem-28	137	14	relatively	relatively	ADV
fbem-28	137	15	small	small	ADJ
fbem-28	137	16	.	.	PUNCT
fbem-28	138	1	i	i	PRON
fbem-28	138	2	carried	carry	VERB
fbem-28	138	3	out	out	ADP
fbem-28	138	4	relevant	relevant	ADJ
fbem-28	138	5	hypothesis	hypothesis	NOUN
fbem-28	138	6	testing	testing	NOUN
fbem-28	138	7	to	to	PART
fbem-28	138	8	explore	explore	VERB
fbem-28	138	9	the	the	DET
fbem-28	138	10	importance	importance	NOUN
fbem-28	138	11	level	level	NOUN
fbem-28	138	12	of	of	ADP
fbem-28	138	13	regression	regression	NOUN
fbem-28	138	14	coefficient	coefficient	NOUN
fbem-28	138	15	.	.	PUNCT
fbem-28	139	1	the	the	DET
fbem-28	139	2	null	null	ADJ
fbem-28	139	3	hypothesis	hypothesis	NOUN
fbem-28	139	4	is	be	AUX
fbem-28	139	5	that	that	SCONJ
fbem-28	139	6	the	the	DET
fbem-28	139	7	value	value	NOUN
fbem-28	139	8	of	of	ADP
fbem-28	139	9	regression	regression	NOUN
fbem-28	139	10	coefficient	coefficient	NOUN
fbem-28	139	11	is	be	AUX
fbem-28	139	12	0	0	NUM
fbem-28	139	13	,	,	PUNCT
fbem-28	139	14	and	and	CCONJ
fbem-28	139	15	the	the	DET
fbem-28	139	16	alternative	alternative	ADJ
fbem-28	139	17	hypothesis	hypothesis	NOUN
fbem-28	139	18	is	be	AUX
fbem-28	139	19	that	that	SCONJ
fbem-28	139	20	the	the	DET
fbem-28	139	21	value	value	NOUN
fbem-28	139	22	of	of	ADP
fbem-28	139	23	regression	regression	NOUN
fbem-28	139	24	coefficient	coefficient	NOUN
fbem-28	139	25	is	be	AUX
fbem-28	139	26	not	not	PART
fbem-28	139	27	0	0	NUM
fbem-28	139	28	.	.	PUNCT
fbem-28	140	1	after	after	ADP
fbem-28	140	2	carrying	carry	VERB
fbem-28	140	3	out	out	ADP
fbem-28	140	4	relevant	relevant	ADJ
fbem-28	140	5	hypothesis	hypothesis	NOUN
fbem-28	140	6	testing	testing	NOUN
fbem-28	140	7	,	,	PUNCT
fbem-28	140	8	i	i	PRON
fbem-28	140	9	focused	focus	VERB
fbem-28	140	10	on	on	ADP
fbem-28	140	11	the	the	DET
fbem-28	140	12	test	test	NOUN
fbem-28	140	13	results	result	NOUN
fbem-28	140	14	of	of	ADP
fbem-28	140	15	t	t	NOUN
fbem-28	140	16	-	-	PUNCT
fbem-28	140	17	value	value	NOUN
fbem-28	140	18	and	and	CCONJ
fbem-28	140	19	p	p	NOUN
fbem-28	140	20	-	-	PUNCT
fbem-28	140	21	value	value	NOUN
fbem-28	140	22	.	.	PUNCT
fbem-28	141	1	the	the	DET
fbem-28	141	2	value	value	NOUN
fbem-28	141	3	of	of	ADP
fbem-28	141	4	t	t	PROPN
fbem-28	141	5	reaches	reach	VERB
fbem-28	141	6	13.5	13.5	NUM
fbem-28	141	7	,	,	PUNCT
fbem-28	141	8	which	which	PRON
fbem-28	141	9	is	be	AUX
fbem-28	141	10	far	far	ADV
fbem-28	141	11	greater	great	ADJ
fbem-28	141	12	than	than	ADP
fbem-28	141	13	the	the	DET
fbem-28	141	14	value	value	NOUN
fbem-28	141	15	of	of	ADP
fbem-28	141	16	1.96	1.96	NUM
fbem-28	141	17	at	at	ADP
fbem-28	141	18	95	95	NUM
fbem-28	141	19	%	%	NOUN
fbem-28	141	20	confidence	confidence	NOUN
fbem-28	141	21	level	level	NOUN
fbem-28	141	22	,	,	PUNCT
fbem-28	141	23	indicating	indicate	VERB
fbem-28	141	24	that	that	SCONJ
fbem-28	141	25	the	the	DET
fbem-28	141	26	value	value	NOUN
fbem-28	141	27	of	of	ADP
fbem-28	141	28	t	t	PROPN
fbem-28	141	29	is	be	AUX
fbem-28	141	30	within	within	ADP
fbem-28	141	31	rejection	rejection	NOUN
fbem-28	141	32	domain	domain	NOUN
fbem-28	141	33	.	.	PUNCT
fbem-28	142	1	therefore	therefore	ADV
fbem-28	142	2	,	,	PUNCT
fbem-28	142	3	the	the	DET
fbem-28	142	4	null	null	ADJ
fbem-28	142	5	hypothesis	hypothesis	NOUN
fbem-28	142	6	that	that	SCONJ
fbem-28	142	7	the	the	DET
fbem-28	142	8	value	value	NOUN
fbem-28	142	9	of	of	ADP
fbem-28	142	10	regression	regression	NOUN
fbem-28	142	11	coefficient	coefficient	NOUN
fbem-28	142	12	is	be	AUX
fbem-28	142	13	0	0	NUM
fbem-28	142	14	should	should	AUX
fbem-28	142	15	be	be	AUX
fbem-28	142	16	rejected	reject	VERB
fbem-28	142	17	.	.	PUNCT
fbem-28	143	1	in	in	ADP
fbem-28	143	2	addition	addition	NOUN
fbem-28	143	3	,	,	PUNCT
fbem-28	143	4	from	from	ADP
fbem-28	143	5	the	the	DET
fbem-28	143	6	point	point	NOUN
fbem-28	143	7	of	of	ADP
fbem-28	143	8	view	view	NOUN
fbem-28	143	9	of	of	ADP
fbem-28	143	10	p	p	NOUN
fbem-28	143	11	-	-	PUNCT
fbem-28	143	12	value	value	NOUN
fbem-28	143	13	,	,	PUNCT
fbem-28	143	14	at	at	ADP
fbem-28	143	15	95	95	NUM
fbem-28	143	16	%	%	NOUN
fbem-28	143	17	confidence	confidence	NOUN
fbem-28	143	18	level	level	NOUN
fbem-28	143	19	,	,	PUNCT
fbem-28	143	20	p	p	X
fbem-28	143	21	-	-	PUNCT
fbem-28	143	22	value	value	NOUN
fbem-28	143	23	is	be	AUX
fbem-28	143	24	very	very	ADV
fbem-28	143	25	small	small	ADJ
fbem-28	143	26	,	,	PUNCT
fbem-28	143	27	which	which	PRON
fbem-28	143	28	is	be	AUX
fbem-28	143	29	less	less	ADJ
fbem-28	143	30	than	than	ADP
fbem-28	143	31	0.05	0.05	NUM
fbem-28	143	32	,	,	PUNCT
fbem-28	143	33	indicating	indicate	VERB
fbem-28	143	34	that	that	SCONJ
fbem-28	143	35	regression	regression	NOUN
fbem-28	143	36	coefficient	coefficient	NOUN
fbem-28	143	37	is	be	AUX
fbem-28	143	38	of	of	ADP
fbem-28	143	39	high	high	ADJ
fbem-28	143	40	importance	importance	NOUN
fbem-28	143	41	.	.	PUNCT
fbem-28	144	1	from	from	ADP
fbem-28	144	2	the	the	DET
fbem-28	144	3	length	length	NOUN
fbem-28	144	4	of	of	ADP
fbem-28	144	5	the	the	DET
fbem-28	144	6	confidence	confidence	NOUN
fbem-28	144	7	interval	interval	NOUN
fbem-28	144	8	,	,	PUNCT
fbem-28	144	9	0.668	0.668	NUM
fbem-28	144	10	to	to	ADP
fbem-28	144	11	0.896	0.896	NUM
fbem-28	144	12	is	be	AUX
fbem-28	144	13	a	a	DET
fbem-28	144	14	relatively	relatively	ADV
fbem-28	144	15	small	small	ADJ
fbem-28	144	16	range	range	NOUN
fbem-28	144	17	,	,	PUNCT
fbem-28	144	18	and	and	CCONJ
fbem-28	144	19	the	the	DET
fbem-28	144	20	data	data	NOUN
fbem-28	144	21	concentration	concentration	NOUN
fbem-28	144	22	is	be	AUX
fbem-28	144	23	relatively	relatively	ADV
fbem-28	144	24	high	high	ADJ
fbem-28	144	25	at	at	ADP
fbem-28	144	26	95	95	NUM
fbem-28	144	27	%	%	NOUN
fbem-28	144	28	confidence	confidence	NOUN
fbem-28	144	29	level	level	NOUN
fbem-28	144	30	.	.	PUNCT
fbem-28	145	1	however	however	ADV
fbem-28	145	2	,	,	PUNCT
fbem-28	145	3	from	from	ADP
fbem-28	145	4	the	the	DET
fbem-28	145	5	residual	residual	ADJ
fbem-28	145	6	diagram	diagram	NOUN
fbem-28	145	7	,	,	PUNCT
fbem-28	145	8	the	the	DET
fbem-28	145	9	residual	residual	ADJ
fbem-28	145	10	value	value	NOUN
fbem-28	145	11	is	be	AUX
fbem-28	145	12	46.754	46.754	NUM
fbem-28	145	13	,	,	PUNCT
fbem-28	145	14	and	and	CCONJ
fbem-28	145	15	from	from	ADP
fbem-28	145	16	the	the	DET
fbem-28	145	17	value	value	NOUN
fbem-28	145	18	of	of	ADP
fbem-28	145	19	r	r	NOUN
fbem-28	145	20	-	-	PUNCT
fbem-28	145	21	square	square	NOUN
fbem-28	145	22	,	,	PUNCT
fbem-28	145	23	the	the	DET
fbem-28	145	24	r	r	NOUN
fbem-28	145	25	-	-	PUNCT
fbem-28	145	26	square	square	NOUN
fbem-28	145	27	is	be	AUX
fbem-28	145	28	0.687	0.687	NUM
fbem-28	145	29	,	,	PUNCT
fbem-28	145	30	the	the	DET
fbem-28	145	31	modified	modify	VERB
fbem-28	145	32	rsquare	rsquare	NOUN
fbem-28	145	33	is	be	AUX
fbem-28	145	34	0.685	0.685	NUM
fbem-28	145	35	,	,	PUNCT
fbem-28	145	36	which	which	PRON
fbem-28	145	37	is	be	AUX
fbem-28	145	38	higher	high	ADJ
fbem-28	145	39	than	than	ADP
fbem-28	145	40	the	the	DET
fbem-28	145	41	models	model	NOUN
fbem-28	145	42	that	that	PRON
fbem-28	145	43	tested	test	VERB
fbem-28	145	44	before	before	ADV
fbem-28	145	45	,	,	PUNCT
fbem-28	145	46	which	which	PRON
fbem-28	145	47	shows	show	VERB
fbem-28	145	48	that	that	SCONJ
fbem-28	145	49	the	the	DET
fbem-28	145	50	fitting	fitting	ADJ
fbem-28	145	51	degree	degree	NOUN
fbem-28	145	52	of	of	ADP
fbem-28	145	53	this	this	DET
fbem-28	145	54	model	model	NOUN
fbem-28	145	55	is	be	AUX
fbem-28	145	56	higher	high	ADJ
fbem-28	145	57	.	.	PUNCT
fbem-28	146	1	next	next	ADV
fbem-28	146	2	,	,	PUNCT
fbem-28	146	3	i	i	PRON
fbem-28	146	4	analyze	analyze	VERB
fbem-28	146	5	the	the	DET
fbem-28	146	6	residual	residual	ADJ
fbem-28	146	7	error	error	NOUN
fbem-28	146	8	of	of	ADP
fbem-28	146	9	the	the	DET
fbem-28	146	10	rm	rm	NOUN
fbem-28	146	11	in	in	ADP
fbem-28	146	12	order	order	NOUN
fbem-28	146	13	to	to	PART
fbem-28	146	14	see	see	VERB
fbem-28	146	15	if	if	SCONJ
fbem-28	146	16	there	there	PRON
fbem-28	146	17	is	be	VERB
fbem-28	146	18	heteroscedasticity	heteroscedasticity	NOUN
fbem-28	146	19	in	in	ADP
fbem-28	146	20	the	the	DET
fbem-28	146	21	model	model	NOUN
fbem-28	146	22	:	:	PUNCT
fbem-28	146	23	figure	figure	NOUN
fbem-28	146	24	5	5	NUM
fbem-28	146	25	.	.	PUNCT
fbem-28	146	26	residual	residual	ADJ
fbem-28	146	27	plot	plot	NOUN
fbem-28	146	28	from	from	ADP
fbem-28	146	29	figure	figure	NOUN
fbem-28	146	30	5	5	NUM
fbem-28	146	31	,	,	PUNCT
fbem-28	146	32	the	the	PRON
fbem-28	146	33	greater	great	ADJ
fbem-28	146	34	the	the	DET
fbem-28	146	35	market	market	NOUN
fbem-28	146	36	excess	excess	ADJ
fbem-28	146	37	return	return	NOUN
fbem-28	146	38	rate	rate	NOUN
fbem-28	146	39	,	,	PUNCT
fbem-28	146	40	the	the	DET
fbem-28	146	41	variance	variance	NOUN
fbem-28	146	42	of	of	ADP
fbem-28	146	43	the	the	DET
fbem-28	146	44	disturbance	disturbance	NOUN
fbem-28	146	45	term	term	NOUN
fbem-28	146	46	has	have	VERB
fbem-28	146	47	no	no	DET
fbem-28	146	48	obvious	obvious	ADJ
fbem-28	146	49	change	change	NOUN
fbem-28	146	50	,	,	PUNCT
fbem-28	146	51	which	which	PRON
fbem-28	146	52	indicates	indicate	VERB
fbem-28	146	53	that	that	SCONJ
fbem-28	146	54	there	there	PRON
fbem-28	146	55	is	be	VERB
fbem-28	146	56	no	no	DET
fbem-28	146	57	heteroscedasticity	heteroscedasticity	NOUN
fbem-28	146	58	.	.	PUNCT
fbem-28	147	1	i	i	PRON
fbem-28	147	2	use	use	VERB
fbem-28	147	3	breusch	breusch	ADJ
fbem-28	147	4	-	-	PUNCT
fbem-28	147	5	pagan	pagan	VERB
fbem-28	147	6	-	-	PUNCT
fbem-28	147	7	godfrey	godfrey	NOUN
fbem-28	147	8	test	test	NOUN
fbem-28	147	9	to	to	PART
fbem-28	147	10	further	far	ADV
fbem-28	147	11	analyze	analyze	VERB
fbem-28	147	12	14	14	NUM
fbem-28	147	13	heteroscedasticity	heteroscedasticity	NOUN
fbem-28	147	14	:	:	PUNCT
fbem-28	147	15	breusch	breusch	PROPN
fbem-28	147	16	-	-	PUNCT
fbem-28	147	17	pagan	pagan	ADJ
fbem-28	147	18	/	/	SYM
fbem-28	147	19	cook	cook	PROPN
fbem-28	147	20	-	-	PUNCT
fbem-28	147	21	weisberg	weisberg	PROPN
fbem-28	147	22	test	test	NOUN
fbem-28	147	23	for	for	ADP
fbem-28	147	24	heteroskedasticity	heteroskedasticity	NOUN
fbem-28	147	25	ho	ho	ADJ
fbem-28	147	26	:	:	PUNCT
fbem-28	147	27	constant	constant	ADJ
fbem-28	147	28	variance	variance	NOUN
fbem-28	147	29	variables	variable	NOUN
fbem-28	147	30	:	:	PUNCT
fbem-28	147	31	excessrm	excessrm	PROPN
fbem-28	147	32	chi2(1	chi2(1	PROPN
fbem-28	147	33	)	)	PUNCT
fbem-28	147	34	=	=	SYM
fbem-28	147	35	0.52	0.52	NUM
fbem-28	147	36	prob	prob	NOUN
fbem-28	147	37	>	>	X
fbem-28	147	38	chi2	chi2	PROPN
fbem-28	147	39	=	=	NOUN
fbem-28	147	40	0.4705	0.4705	NUM
fbem-28	147	41	the	the	DET
fbem-28	147	42	equation	equation	NOUN
fbem-28	147	43	has	have	AUX
fbem-28	147	44	been	be	AUX
fbem-28	147	45	estimated	estimate	VERB
fbem-28	147	46	:	:	PUNCT
fbem-28	147	47	𝐸𝑥𝑐𝑒𝑠𝑠𝑅𝑡600009	𝐸𝑥𝑐𝑒𝑠𝑠𝑅𝑡600009	NOUN
fbem-28	147	48	0.659	0.659	NUM
fbem-28	147	49	1.122𝐸𝑥𝑐𝑒𝑠𝑠𝑅𝑚	1.122𝐸𝑥𝑐𝑒𝑠𝑠𝑅𝑚	NUM
fbem-28	147	50	0.467𝑅𝑡600897	0.467𝑅𝑡600897	NOUN
fbem-28	147	51	(	(	PUNCT
fbem-28	147	52	0.488	0.488	NUM
fbem-28	147	53	)	)	PUNCT
fbem-28	147	54	(	(	PUNCT
fbem-28	147	55	0.125	0.125	NUM
fbem-28	147	56	)	)	PUNCT
fbem-28	147	57	(	(	PUNCT
fbem-28	147	58	0.674	0.674	NUM
fbem-28	147	59	)	)	PUNCT
fbem-28	147	60	𝑅	𝑅	NOUN
fbem-28	147	61	0.687	0.687	NUM
fbem-28	147	62	;	;	PUNCT
fbem-28	147	63	𝑛	𝑛	DET
fbem-28	147	64	240	240	NUM
fbem-28	147	65	the	the	DET
fbem-28	147	66	value	value	NOUN
fbem-28	147	67	of	of	ADP
fbem-28	147	68	p	p	NOUN
fbem-28	147	69	is	be	AUX
fbem-28	147	70	greater	great	ADJ
fbem-28	147	71	than	than	ADP
fbem-28	147	72	0.05	0.05	NUM
fbem-28	147	73	,	,	PUNCT
fbem-28	147	74	indicating	indicate	VERB
fbem-28	147	75	that	that	SCONJ
fbem-28	147	76	there	there	PRON
fbem-28	147	77	is	be	VERB
fbem-28	147	78	no	no	DET
fbem-28	147	79	heteroscedasticity	heteroscedasticity	NOUN
fbem-28	147	80	,	,	PUNCT
fbem-28	147	81	which	which	PRON
fbem-28	147	82	shows	show	VERB
fbem-28	147	83	that	that	SCONJ
fbem-28	147	84	there	there	PRON
fbem-28	147	85	is	be	VERB
fbem-28	147	86	no	no	DET
fbem-28	147	87	obvious	obvious	ADJ
fbem-28	147	88	correlation	correlation	NOUN
fbem-28	147	89	between	between	ADP
fbem-28	147	90	the	the	DET
fbem-28	147	91	variance	variance	NOUN
fbem-28	147	92	of	of	ADP
fbem-28	147	93	the	the	DET
fbem-28	147	94	random	random	ADJ
fbem-28	147	95	error	error	NOUN
fbem-28	147	96	term	term	NOUN
fbem-28	147	97	and	and	CCONJ
fbem-28	147	98	the	the	DET
fbem-28	147	99	observed	observed	ADJ
fbem-28	147	100	value	value	NOUN
fbem-28	147	101	of	of	ADP
fbem-28	147	102	the	the	DET
fbem-28	147	103	explanatory	explanatory	ADJ
fbem-28	147	104	variable	variable	NOUN
fbem-28	147	105	.	.	PUNCT
fbem-28	148	1	then	then	ADV
fbem-28	148	2	i	i	PRON
fbem-28	148	3	do	do	VERB
fbem-28	148	4	the	the	DET
fbem-28	148	5	hypothesis	hypothesis	NOUN
fbem-28	148	6	of	of	ADP
fbem-28	148	7	the	the	DET
fbem-28	148	8	regression	regression	NOUN
fbem-28	148	9	coefficient	coefficient	NOUN
fbem-28	148	10	of	of	ADP
fbem-28	148	11	excessrm	excessrm	PROPN
fbem-28	148	12	.	.	PUNCT
fbem-28	149	1	𝑡	𝑡	PROPN
fbem-28	149	2	𝛽	𝛽	NOUN
fbem-28	149	3	1	1	NUM
fbem-28	149	4	𝑠𝑒	𝑠𝑒	NOUN
fbem-28	149	5	𝛽	𝛽	NOUN
fbem-28	149	6	1.122	1.122	NUM
fbem-28	149	7	1	1	NUM
fbem-28	149	8	0.125	0.125	NUM
fbem-28	149	9	1.76	1.76	NUM
fbem-28	149	10	𝑡	𝑡	NOUN
fbem-28	149	11	.	.	PUNCT
fbem-28	149	12	,	,	PUNCT
fbem-28	149	13	.	.	PUNCT
fbem-28	150	1	the	the	DET
fbem-28	150	2	value	value	NOUN
fbem-28	150	3	of	of	ADP
fbem-28	150	4	regression	regression	NOUN
fbem-28	150	5	coefficient	coefficient	NOUN
fbem-28	150	6	of	of	ADP
fbem-28	150	7	excessrm	excessrm	PROPN
fbem-28	150	8	is	be	AUX
fbem-28	150	9	1.122	1.122	NUM
fbem-28	150	10	and	and	CCONJ
fbem-28	150	11	its	its	PRON
fbem-28	150	12	standard	standard	ADJ
fbem-28	150	13	deviation	deviation	NOUN
fbem-28	150	14	of	of	ADP
fbem-28	150	15	0.125	0.125	NUM
fbem-28	150	16	.	.	PUNCT
fbem-28	151	1	the	the	DET
fbem-28	151	2	t	t	NOUN
fbem-28	151	3	-	-	PUNCT
fbem-28	151	4	value	value	NOUN
fbem-28	151	5	calculated	calculate	VERB
fbem-28	151	6	by	by	ADP
fbem-28	151	7	hypothesis	hypothesis	NOUN
fbem-28	151	8	test	test	NOUN
fbem-28	151	9	is	be	AUX
fbem-28	151	10	1.76	1.76	NUM
fbem-28	151	11	,	,	PUNCT
fbem-28	151	12	which	which	PRON
fbem-28	151	13	is	be	AUX
fbem-28	151	14	less	less	ADJ
fbem-28	151	15	than	than	ADP
fbem-28	151	16	the	the	DET
fbem-28	151	17	t	t	NOUN
fbem-28	151	18	-	-	PUNCT
fbem-28	151	19	value	value	NOUN
fbem-28	151	20	of	of	ADP
fbem-28	151	21	1.96	1.96	NUM
fbem-28	151	22	under	under	ADP
fbem-28	151	23	the	the	DET
fbem-28	151	24	confidence	confidence	NOUN
fbem-28	151	25	interval	interval	NOUN
fbem-28	151	26	of	of	ADP
fbem-28	151	27	95	95	NUM
fbem-28	151	28	%	%	NOUN
fbem-28	151	29	,	,	PUNCT
fbem-28	151	30	indicating	indicate	VERB
fbem-28	151	31	that	that	SCONJ
fbem-28	151	32	it	it	PRON
fbem-28	151	33	is	be	AUX
fbem-28	151	34	outside	outside	ADP
fbem-28	151	35	the	the	DET
fbem-28	151	36	rejection	rejection	NOUN
fbem-28	151	37	domain	domain	NOUN
fbem-28	151	38	.	.	PUNCT
fbem-28	152	1	the	the	DET
fbem-28	152	2	null	null	ADJ
fbem-28	152	3	hypothesis	hypothesis	NOUN
fbem-28	152	4	should	should	AUX
fbem-28	152	5	be	be	AUX
fbem-28	152	6	accepted	accept	VERB
fbem-28	152	7	,	,	PUNCT
fbem-28	152	8	that	that	ADV
fbem-28	152	9	is	is	ADV
fbem-28	152	10	,	,	PUNCT
fbem-28	152	11	the	the	DET
fbem-28	152	12	regression	regression	NOUN
fbem-28	152	13	coefficient	coefficient	NOUN
fbem-28	152	14	is	be	AUX
fbem-28	152	15	1	1	NUM
fbem-28	152	16	.	.	PUNCT
fbem-28	152	17	compared	compare	VERB
fbem-28	152	18	with	with	ADP
fbem-28	152	19	the	the	DET
fbem-28	152	20	hypothesis	hypothesis	NOUN
fbem-28	152	21	test	test	NOUN
fbem-28	152	22	results	result	NOUN
fbem-28	152	23	of	of	ADP
fbem-28	152	24	previous	previous	ADJ
fbem-28	152	25	models	model	NOUN
fbem-28	152	26	,	,	PUNCT
fbem-28	152	27	the	the	DET
fbem-28	152	28	correlation	correlation	NOUN
fbem-28	152	29	coefficient	coefficient	NOUN
fbem-28	152	30	between	between	ADP
fbem-28	152	31	stock	stock	NOUN
fbem-28	152	32	excess	excess	ADJ
fbem-28	152	33	return	return	NOUN
fbem-28	152	34	and	and	CCONJ
fbem-28	152	35	market	market	NOUN
fbem-28	152	36	excess	excess	ADJ
fbem-28	152	37	return	return	NOUN
fbem-28	152	38	is	be	AUX
fbem-28	152	39	closer	close	ADJ
fbem-28	152	40	to	to	ADP
fbem-28	152	41	1	1	NUM
fbem-28	152	42	,	,	PUNCT
fbem-28	152	43	with	with	ADP
fbem-28	152	44	higher	high	ADJ
fbem-28	152	45	positive	positive	ADJ
fbem-28	152	46	correlation	correlation	NOUN
fbem-28	152	47	and	and	CCONJ
fbem-28	152	48	better	well	ADJ
fbem-28	152	49	fitting	fitting	ADJ
fbem-28	152	50	results	result	NOUN
fbem-28	152	51	.	.	PUNCT
fbem-28	153	1	5	5	X
fbem-28	153	2	.	.	X
fbem-28	153	3	conclusion	conclusion	NOUN
fbem-28	153	4	according	accord	VERB
fbem-28	153	5	to	to	ADP
fbem-28	153	6	the	the	DET
fbem-28	153	7	conclusion	conclusion	NOUN
fbem-28	153	8	of	of	ADP
fbem-28	153	9	the	the	DET
fbem-28	153	10	above	above	ADJ
fbem-28	153	11	analysis	analysis	NOUN
fbem-28	153	12	of	of	ADP
fbem-28	153	13	different	different	ADJ
fbem-28	153	14	models	model	NOUN
fbem-28	153	15	,	,	PUNCT
fbem-28	153	16	in	in	ADP
fbem-28	153	17	the	the	DET
fbem-28	153	18	stock	stock	NOUN
fbem-28	153	19	market	market	NOUN
fbem-28	153	20	,	,	PUNCT
fbem-28	153	21	the	the	DET
fbem-28	153	22	return	return	NOUN
fbem-28	153	23	rate	rate	NOUN
fbem-28	153	24	of	of	ADP
fbem-28	153	25	stock	stock	NOUN
fbem-28	153	26	is	be	AUX
fbem-28	153	27	positively	positively	ADV
fbem-28	153	28	correlated	correlate	VERB
fbem-28	153	29	with	with	ADP
fbem-28	153	30	the	the	DET
fbem-28	153	31	market	market	NOUN
fbem-28	153	32	return	return	NOUN
fbem-28	153	33	rate	rate	NOUN
fbem-28	153	34	,	,	PUNCT
fbem-28	153	35	and	and	CCONJ
fbem-28	153	36	negatively	negatively	ADV
fbem-28	153	37	correlated	correlate	VERB
fbem-28	153	38	with	with	ADP
fbem-28	153	39	the	the	DET
fbem-28	153	40	risk	risk	NOUN
fbem-28	153	41	-	-	PUNCT
fbem-28	153	42	free	free	ADJ
fbem-28	153	43	interest	interest	NOUN
fbem-28	153	44	rate	rate	NOUN
fbem-28	153	45	.	.	PUNCT
fbem-28	154	1	but	but	CCONJ
fbem-28	154	2	the	the	DET
fbem-28	154	3	fitting	fitting	ADJ
fbem-28	154	4	degree	degree	NOUN
fbem-28	154	5	of	of	ADP
fbem-28	154	6	this	this	DET
fbem-28	154	7	model	model	NOUN
fbem-28	154	8	alone	alone	ADV
fbem-28	154	9	is	be	AUX
fbem-28	154	10	not	not	PART
fbem-28	154	11	high	high	ADJ
fbem-28	154	12	.	.	PUNCT
fbem-28	155	1	after	after	SCONJ
fbem-28	155	2	the	the	DET
fbem-28	155	3	variables	variable	NOUN
fbem-28	155	4	are	be	AUX
fbem-28	155	5	properly	properly	ADV
fbem-28	155	6	processed	process	VERB
fbem-28	155	7	,	,	PUNCT
fbem-28	155	8	the	the	DET
fbem-28	155	9	regression	regression	NOUN
fbem-28	155	10	coefficient	coefficient	NOUN
fbem-28	155	11	obtained	obtain	VERB
fbem-28	155	12	by	by	ADP
fbem-28	155	13	using	use	VERB
fbem-28	155	14	stock	stock	NOUN
fbem-28	155	15	excess	excess	ADJ
fbem-28	155	16	return	return	NOUN
fbem-28	155	17	rate	rate	NOUN
fbem-28	155	18	and	and	CCONJ
fbem-28	155	19	market	market	NOUN
fbem-28	155	20	excess	excess	ADJ
fbem-28	155	21	return	return	NOUN
fbem-28	155	22	rate	rate	NOUN
fbem-28	155	23	as	as	SCONJ
fbem-28	155	24	variables	variable	NOUN
fbem-28	155	25	has	have	VERB
fbem-28	155	26	better	well	ADV
fbem-28	155	27	fitting	fitting	ADJ
fbem-28	155	28	effect	effect	NOUN
fbem-28	155	29	.	.	PUNCT
fbem-28	156	1	on	on	ADP
fbem-28	156	2	the	the	DET
fbem-28	156	3	other	other	ADJ
fbem-28	156	4	hand	hand	NOUN
fbem-28	156	5	,	,	PUNCT
fbem-28	156	6	i	i	PRON
fbem-28	156	7	have	have	AUX
fbem-28	156	8	found	find	VERB
fbem-28	156	9	that	that	SCONJ
fbem-28	156	10	the	the	DET
fbem-28	156	11	returns	return	NOUN
fbem-28	156	12	of	of	ADP
fbem-28	156	13	other	other	ADJ
fbem-28	156	14	stocks	stock	NOUN
fbem-28	156	15	will	will	AUX
fbem-28	156	16	have	have	VERB
fbem-28	156	17	a	a	DET
fbem-28	156	18	certain	certain	ADJ
fbem-28	156	19	impact	impact	NOUN
fbem-28	156	20	on	on	ADP
fbem-28	156	21	the	the	DET
fbem-28	156	22	returns	return	NOUN
fbem-28	156	23	of	of	ADP
fbem-28	156	24	the	the	DET
fbem-28	156	25	stocks	stock	NOUN
fbem-28	156	26	analyzed	analyze	VERB
fbem-28	156	27	,	,	PUNCT
fbem-28	156	28	especially	especially	ADV
fbem-28	156	29	the	the	DET
fbem-28	156	30	stocks	stock	NOUN
fbem-28	156	31	of	of	ADP
fbem-28	156	32	the	the	DET
fbem-28	156	33	same	same	ADJ
fbem-28	156	34	type	type	NOUN
fbem-28	156	35	,	,	PUNCT
fbem-28	156	36	which	which	PRON
fbem-28	156	37	may	may	AUX
fbem-28	156	38	have	have	VERB
fbem-28	156	39	positive	positive	ADJ
fbem-28	156	40	correlation	correlation	NOUN
fbem-28	156	41	characteristics	characteristic	NOUN
fbem-28	156	42	because	because	SCONJ
fbem-28	156	43	their	their	PRON
fbem-28	156	44	reactions	reaction	NOUN
fbem-28	156	45	to	to	ADP
fbem-28	156	46	the	the	DET
fbem-28	156	47	market	market	NOUN
fbem-28	156	48	are	be	AUX
fbem-28	156	49	in	in	ADP
fbem-28	156	50	the	the	DET
fbem-28	156	51	same	same	ADJ
fbem-28	156	52	direction	direction	NOUN
fbem-28	156	53	.	.	PUNCT
fbem-28	157	1	when	when	SCONJ
fbem-28	157	2	designing	design	VERB
fbem-28	157	3	the	the	DET
fbem-28	157	4	model	model	NOUN
fbem-28	157	5	,	,	PUNCT
fbem-28	157	6	it	it	PRON
fbem-28	157	7	is	be	AUX
fbem-28	157	8	best	good	ADJ
fbem-28	157	9	to	to	PART
fbem-28	157	10	add	add	VERB
fbem-28	157	11	the	the	DET
fbem-28	157	12	return	return	NOUN
fbem-28	157	13	rate	rate	NOUN
fbem-28	157	14	of	of	ADP
fbem-28	157	15	these	these	DET
fbem-28	157	16	other	other	ADJ
fbem-28	157	17	stocks	stock	NOUN
fbem-28	157	18	.	.	PUNCT
fbem-28	158	1	the	the	DET
fbem-28	158	2	risk	risk	NOUN
fbem-28	158	3	-	-	PUNCT
fbem-28	158	4	free	free	ADJ
fbem-28	158	5	interest	interest	NOUN
fbem-28	158	6	rate	rate	NOUN
fbem-28	158	7	alone	alone	ADV
fbem-28	158	8	has	have	VERB
fbem-28	158	9	a	a	DET
fbem-28	158	10	low	low	ADJ
fbem-28	158	11	impact	impact	NOUN
fbem-28	158	12	on	on	ADP
fbem-28	158	13	stock	stock	NOUN
fbem-28	158	14	returns	return	NOUN
fbem-28	158	15	,	,	PUNCT
fbem-28	158	16	but	but	CCONJ
fbem-28	158	17	it	it	PRON
fbem-28	158	18	can	can	AUX
fbem-28	158	19	not	not	PART
fbem-28	158	20	be	be	AUX
fbem-28	158	21	ignored	ignore	VERB
fbem-28	158	22	.	.	PUNCT
fbem-28	159	1	china	china	PROPN
fbem-28	159	2	's	's	PART
fbem-28	159	3	stock	stock	NOUN
fbem-28	159	4	and	and	CCONJ
fbem-28	159	5	securities	security	NOUN
fbem-28	159	6	trading	trading	NOUN
fbem-28	159	7	market	market	NOUN
fbem-28	159	8	is	be	AUX
fbem-28	159	9	still	still	ADV
fbem-28	159	10	immature	immature	ADJ
fbem-28	159	11	,	,	PUNCT
fbem-28	159	12	and	and	CCONJ
fbem-28	159	13	there	there	PRON
fbem-28	159	14	will	will	AUX
fbem-28	159	15	be	be	AUX
fbem-28	159	16	other	other	ADJ
fbem-28	159	17	factors	factor	NOUN
fbem-28	159	18	affecting	affect	VERB
fbem-28	159	19	stock	stock	NOUN
fbem-28	159	20	returns	return	NOUN
fbem-28	159	21	.	.	PUNCT
fbem-28	160	1	after	after	ADP
fbem-28	160	2	adding	add	VERB
fbem-28	160	3	other	other	ADJ
fbem-28	160	4	stock	stock	NOUN
fbem-28	160	5	return	return	NOUN
fbem-28	160	6	variables	variable	NOUN
fbem-28	160	7	,	,	PUNCT
fbem-28	160	8	some	some	DET
fbem-28	160	9	stocks	stock	NOUN
fbem-28	160	10	with	with	ADP
fbem-28	160	11	strong	strong	ADJ
fbem-28	160	12	correlation	correlation	NOUN
fbem-28	160	13	are	be	AUX
fbem-28	160	14	related	relate	VERB
fbem-28	160	15	and	and	CCONJ
fbem-28	160	16	will	will	AUX
fbem-28	160	17	influence	influence	VERB
fbem-28	160	18	each	each	DET
fbem-28	160	19	other	other	ADJ
fbem-28	160	20	.	.	PUNCT
fbem-28	161	1	when	when	SCONJ
fbem-28	161	2	we	we	PRON
fbem-28	161	3	buy	buy	VERB
fbem-28	161	4	a	a	DET
fbem-28	161	5	target	target	NOUN
fbem-28	161	6	stock	stock	NOUN
fbem-28	161	7	,	,	PUNCT
fbem-28	161	8	we	we	PRON
fbem-28	161	9	need	need	VERB
fbem-28	161	10	to	to	PART
fbem-28	161	11	consider	consider	VERB
fbem-28	161	12	these	these	DET
fbem-28	161	13	factors	factor	NOUN
fbem-28	161	14	such	such	ADJ
fbem-28	161	15	as	as	ADP
fbem-28	161	16	the	the	DET
fbem-28	161	17	influence	influence	NOUN
fbem-28	161	18	of	of	ADP
fbem-28	161	19	other	other	ADJ
fbem-28	161	20	stocks	stock	NOUN
fbem-28	161	21	on	on	ADP
fbem-28	161	22	it	it	PRON
fbem-28	161	23	.	.	PUNCT
fbem-28	162	1	since	since	SCONJ
fbem-28	162	2	chinese	chinese	ADJ
fbem-28	162	3	market	market	NOUN
fbem-28	162	4	is	be	AUX
fbem-28	162	5	still	still	ADV
fbem-28	162	6	immature	immature	ADJ
fbem-28	162	7	,	,	PUNCT
fbem-28	162	8	capm	capm	PROPN
fbem-28	162	9	may	may	AUX
fbem-28	162	10	not	not	PART
fbem-28	162	11	be	be	AUX
fbem-28	162	12	fully	fully	ADV
fbem-28	162	13	applicable	applicable	ADJ
fbem-28	162	14	in	in	ADP
fbem-28	162	15	chinese	chinese	ADJ
fbem-28	162	16	market	market	NOUN
fbem-28	162	17	.	.	PUNCT
fbem-28	163	1	compared	compare	VERB
fbem-28	163	2	with	with	ADP
fbem-28	163	3	the	the	DET
fbem-28	163	4	capital	capital	NOUN
fbem-28	163	5	markets	market	NOUN
fbem-28	163	6	of	of	ADP
fbem-28	163	7	western	western	ADJ
fbem-28	163	8	developed	develop	VERB
fbem-28	163	9	countries	country	NOUN
fbem-28	163	10	,	,	PUNCT
fbem-28	163	11	the	the	DET
fbem-28	163	12	mechanism	mechanism	NOUN
fbem-28	163	13	of	of	ADP
fbem-28	163	14	china	china	PROPN
fbem-28	163	15	's	's	PART
fbem-28	163	16	stock	stock	NOUN
fbem-28	163	17	market	market	NOUN
fbem-28	163	18	is	be	AUX
fbem-28	163	19	not	not	PART
fbem-28	163	20	mature	mature	ADJ
fbem-28	163	21	enough	enough	ADV
fbem-28	163	22	,	,	PUNCT
fbem-28	163	23	and	and	CCONJ
fbem-28	163	24	there	there	PRON
fbem-28	163	25	are	be	VERB
fbem-28	163	26	some	some	DET
fbem-28	163	27	phenomena	phenomenon	NOUN
fbem-28	163	28	such	such	ADJ
fbem-28	163	29	as	as	ADP
fbem-28	163	30	imperfect	imperfect	ADJ
fbem-28	163	31	information	information	NOUN
fbem-28	163	32	management	management	NOUN
fbem-28	163	33	.	.	PUNCT
fbem-28	164	1	at	at	ADP
fbem-28	164	2	the	the	DET
fbem-28	164	3	same	same	ADJ
fbem-28	164	4	time	time	NOUN
fbem-28	164	5	,	,	PUNCT
fbem-28	164	6	information	information	NOUN
fbem-28	164	7	transparency	transparency	NOUN
fbem-28	164	8	is	be	AUX
fbem-28	164	9	not	not	PART
fbem-28	164	10	high	high	ADJ
fbem-28	164	11	,	,	PUNCT
fbem-28	164	12	and	and	CCONJ
fbem-28	164	13	there	there	PRON
fbem-28	164	14	is	be	VERB
fbem-28	164	15	information	information	NOUN
fbem-28	164	16	asymmetry	asymmetry	NOUN
fbem-28	164	17	among	among	ADP
fbem-28	164	18	participants	participant	NOUN
fbem-28	164	19	in	in	ADP
fbem-28	164	20	the	the	DET
fbem-28	164	21	market	market	NOUN
fbem-28	164	22	,	,	PUNCT
fbem-28	164	23	which	which	PRON
fbem-28	164	24	affects	affect	VERB
fbem-28	164	25	the	the	DET
fbem-28	164	26	operational	operational	ADJ
fbem-28	164	27	efficiency	efficiency	NOUN
fbem-28	164	28	of	of	ADP
fbem-28	164	29	the	the	DET
fbem-28	164	30	market	market	NOUN
fbem-28	164	31	.	.	PUNCT
fbem-28	165	1	moreover	moreover	ADV
fbem-28	165	2	,	,	PUNCT
fbem-28	165	3	system	system	NOUN
fbem-28	165	4	risk	risk	NOUN
fbem-28	165	5	is	be	AUX
fbem-28	165	6	not	not	PART
fbem-28	165	7	the	the	DET
fbem-28	165	8	only	only	ADJ
fbem-28	165	9	factor	factor	NOUN
fbem-28	165	10	that	that	PRON
fbem-28	165	11	determines	determine	VERB
fbem-28	165	12	returns	return	NOUN
fbem-28	165	13	,	,	PUNCT
fbem-28	165	14	and	and	CCONJ
fbem-28	165	15	stock	stock	NOUN
fbem-28	165	16	returns	return	NOUN
fbem-28	165	17	are	be	AUX
fbem-28	165	18	also	also	ADV
fbem-28	165	19	closely	closely	ADV
fbem-28	165	20	related	relate	VERB
fbem-28	165	21	to	to	ADP
fbem-28	165	22	the	the	DET
fbem-28	165	23	size	size	NOUN
fbem-28	165	24	of	of	ADP
fbem-28	165	25	the	the	DET
fbem-28	165	26	company	company	NOUN
fbem-28	165	27	's	's	PART
fbem-28	165	28	share	share	NOUN
fbem-28	165	29	capital	capital	NOUN
fbem-28	165	30	,	,	PUNCT
fbem-28	165	31	future	future	ADJ
fbem-28	165	32	development	development	NOUN
fbem-28	165	33	decisions	decision	NOUN
fbem-28	165	34	,	,	PUNCT
fbem-28	165	35	mergers	merger	NOUN
fbem-28	165	36	and	and	CCONJ
fbem-28	165	37	acquisitions	acquisition	NOUN
fbem-28	165	38	and	and	CCONJ
fbem-28	165	39	other	other	ADJ
fbem-28	165	40	factors	factor	NOUN
fbem-28	165	41	.	.	PUNCT
fbem-28	166	1	these	these	DET
fbem-28	166	2	factors	factor	NOUN
fbem-28	166	3	will	will	AUX
fbem-28	166	4	also	also	ADV
fbem-28	166	5	reduce	reduce	VERB
fbem-28	166	6	the	the	DET
fbem-28	166	7	explanatory	explanatory	ADJ
fbem-28	166	8	power	power	NOUN
fbem-28	166	9	of	of	ADP
fbem-28	166	10	capm	capm	PROPN
fbem-28	166	11	.	.	PUNCT
fbem-28	167	1	therefore	therefore	ADV
fbem-28	167	2	,	,	PUNCT
fbem-28	167	3	we	we	PRON
fbem-28	167	4	need	need	VERB
fbem-28	167	5	to	to	PART
fbem-28	167	6	have	have	VERB
fbem-28	167	7	a	a	DET
fbem-28	167	8	deeper	deep	ADJ
fbem-28	167	9	understanding	understanding	NOUN
fbem-28	167	10	of	of	ADP
fbem-28	167	11	the	the	DET
fbem-28	167	12	chinese	chinese	ADJ
fbem-28	167	13	market	market	NOUN
fbem-28	167	14	and	and	CCONJ
fbem-28	167	15	consider	consider	VERB
fbem-28	167	16	more	more	ADJ
fbem-28	167	17	influencing	influence	VERB
fbem-28	167	18	factors	factor	NOUN
fbem-28	167	19	in	in	ADP
fbem-28	167	20	order	order	NOUN
fbem-28	167	21	to	to	PART
fbem-28	167	22	make	make	VERB
fbem-28	167	23	the	the	DET
fbem-28	167	24	analysis	analysis	NOUN
fbem-28	167	25	more	more	ADV
fbem-28	167	26	comprehensive	comprehensive	ADJ
fbem-28	167	27	.	.	PUNCT
fbem-28	168	1	references	reference	NOUN
fbem-28	168	2	[	[	X
fbem-28	168	3	1	1	NUM
fbem-28	168	4	]	]	PUNCT
fbem-28	168	5	fama	fama	NOUN
fbem-28	168	6	,	,	PUNCT
fbem-28	168	7	fugene	fugene	NOUN
fbem-28	168	8	.	.	PUNCT
fbem-28	169	1	f.	f.	PROPN
fbem-28	169	2	(	(	PUNCT
fbem-28	169	3	1970	1970	NUM
fbem-28	169	4	)	)	PUNCT
fbem-28	169	5	“	"	PUNCT
fbem-28	169	6	efficient	efficient	ADJ
fbem-28	169	7	capital	capital	NOUN
fbem-28	169	8	markets	market	NOUN
fbem-28	169	9	:	:	PUNCT
fbem-28	169	10	a	a	DET
fbem-28	169	11	review	review	NOUN
fbem-28	169	12	of	of	ADP
fbem-28	169	13	theory	theory	NOUN
fbem-28	169	14	and	and	CCONJ
fbem-28	169	15	empirical	empirical	ADJ
fbem-28	169	16	work	work	NOUN
fbem-28	169	17	”	"	PUNCT
fbem-28	169	18	journal	journal	NOUN
fbem-28	169	19	of	of	ADP
fbem-28	169	20	finance	finance	NOUN
fbem-28	169	21	,	,	PUNCT
fbem-28	169	22	vol.25	vol.25	ADJ
fbem-28	169	23	,	,	PUNCT
fbem-28	169	24	pp.383–417	pp.383–417	INTJ
fbem-28	169	25	.	.	PUNCT
fbem-28	170	1	[	[	X
fbem-28	170	2	2	2	NUM
fbem-28	170	3	]	]	X
fbem-28	170	4	gao	gao	PROPN
fbem-28	170	5	yan	yan	PROPN
fbem-28	170	6	,	,	PUNCT
fbem-28	170	7	yang	yang	PROPN
fbem-28	170	8	xin	xin	PROPN
fbem-28	170	9	(	(	PUNCT
fbem-28	170	10	2018	2018	NUM
fbem-28	170	11	)	)	PUNCT
fbem-28	170	12	"	"	PUNCT
fbem-28	170	13	a	a	DET
fbem-28	170	14	study	study	NOUN
fbem-28	170	15	on	on	ADP
fbem-28	170	16	the	the	DET
fbem-28	170	17	relationship	relationship	NOUN
fbem-28	170	18	between	between	ADP
fbem-28	170	19	capm	capm	PROPN
fbem-28	170	20	and	and	CCONJ
fbem-28	170	21	china	china	PROPN
fbem-28	170	22	stock	stock	NOUN
fbem-28	170	23	market	market	NOUN
fbem-28	170	24	"	"	PUNCT
fbem-28	170	25	.	.	PUNCT
fbem-28	171	1	[	[	X
fbem-28	171	2	3	3	NUM
fbem-28	171	3	]	]	PUNCT
fbem-28	171	4	drew	drew	NOUN
fbem-28	171	5	,	,	PUNCT
fbem-28	171	6	m.	m.	PROPN
fbem-28	171	7	e.	e.	PROPN
fbem-28	171	8	,	,	PUNCT
fbem-28	171	9	naughton	naughton	PROPN
fbem-28	171	10	,	,	PUNCT
fbem-28	171	11	t.	t.	PROPN
fbem-28	171	12	and	and	CCONJ
fbem-28	171	13	veeraraghavan	veeraraghavan	PROPN
fbem-28	171	14	,	,	PUNCT
fbem-28	171	15	m.	m.	NOUN
fbem-28	171	16	(	(	PUNCT
fbem-28	171	17	2003	2003	NUM
fbem-28	171	18	)	)	PUNCT
fbem-28	171	19	“	"	PUNCT
fbem-28	171	20	firm	firm	ADJ
fbem-28	171	21	size	size	NOUN
fbem-28	171	22	,	,	PUNCT
fbem-28	171	23	book	book	NOUN
fbem-28	171	24	-	-	PUNCT
fbem-28	171	25	to	to	ADP
fbem-28	171	26	-	-	PUNCT
fbem-28	171	27	market	market	NOUN
fbem-28	171	28	equity	equity	NOUN
fbem-28	171	29	and	and	CCONJ
fbem-28	171	30	security	security	NOUN
fbem-28	171	31	returns	return	NOUN
fbem-28	171	32	:	:	PUNCT
fbem-28	171	33	evidence	evidence	NOUN
fbem-28	171	34	from	from	ADP
fbem-28	171	35	the	the	DET
fbem-28	171	36	shanghai	shanghai	PROPN
fbem-28	171	37	stock	stock	PROPN
fbem-28	171	38	exchange	exchange	PROPN
fbem-28	171	39	”	"	PUNCT
fbem-28	171	40	australian	australian	ADJ
fbem-28	171	41	journal	journal	NOUN
fbem-28	171	42	of	of	ADP
fbem-28	171	43	management	management	NOUN
fbem-28	171	44	,	,	PUNCT
fbem-28	171	45	vol	vol	NOUN
fbem-28	171	46	.	.	PUNCT
fbem-28	172	1	28:2	28:2	NUM
fbem-28	172	2	,	,	PUNCT
fbem-28	172	3	september	september	PROPN
fbem-28	172	4	.	.	PUNCT
fbem-28	173	1	stata	stata	PROPN
fbem-28	173	2	code	code	PROPN
fbem-28	173	3	asdoc	asdoc	ADJ
fbem-28	173	4	summarize	summarize	VERB
fbem-28	173	5	rt600009	rt600009	NOUN
fbem-28	173	6	rf	rf	PROPN
fbem-28	173	7	rm	rm	PROPN
fbem-28	173	8	excessrt	excessrt	PROPN
fbem-28	173	9	excessrm	excessrm	PROPN
fbem-28	173	10	scatter	scatter	NOUN
fbem-28	173	11	rt600009	rt600009	PROPN
fbem-28	173	12	rm	rm	PROPN
fbem-28	173	13	twoway	twoway	PROPN
fbem-28	173	14	scatter	scatter	NOUN
fbem-28	173	15	excessrt	excessrt	PROPN
fbem-28	173	16	excessrm	excessrm	PROPN
fbem-28	173	17	twoway	twoway	NOUN
fbem-28	173	18	function	function	VERB
fbem-28	173	19	y	y	PROPN
fbem-28	173	20	=	=	NOUN
fbem-28	173	21	normalden(rt600009	normalden(rt600009	NOUN
fbem-28	173	22	)	)	PUNCT
fbem-28	173	23	,	,	PUNCT
fbem-28	173	24	range(-30	range(-30	NOUN
fbem-28	173	25	40	40	NUM
fbem-28	173	26	)	)	PUNCT
fbem-28	173	27	asdoc	asdoc	ADJ
fbem-28	173	28	reg	reg	PROPN
fbem-28	173	29	excessrt	excessrt	PROPN
fbem-28	173	30	excessrm	excessrm	PROPN
fbem-28	173	31	aaplot	aaplot	PROPN
fbem-28	173	32	excessrt	excessrt	PROPN
fbem-28	173	33	excessrm	excessrm	PROPN
fbem-28	173	34	aaplot	aaplot	NOUN
fbem-28	173	35	rt600009	rt600009	NOUN
fbem-28	173	36	rf	rf	VERB
fbem-28	173	37	scalar	scalar	ADV
fbem-28	173	38	t1=(_b[excessrm]-0/-se[excessrm	t1=(_b[excessrm]-0/-se[excessrm	PRON
fbem-28	173	39	]	]	PUNCT
fbem-28	173	40	)	)	PUNCT
fbem-28	173	41	scalar	scalar	ADJ
fbem-28	173	42	p1=2*ttail(72,abs(t1	p1=2*ttail(72,abs(t1	NOUN
fbem-28	173	43	)	)	PUNCT
fbem-28	173	44	)	)	PUNCT
fbem-28	173	45	scalar	scalar	ADJ
fbem-28	173	46	list	list	NOUN
fbem-28	173	47	t1	t1	NOUN
fbem-28	173	48	p1	p1	NOUN
fbem-28	173	49	regress	regress	ADJ
fbem-28	173	50	rt600009	rt600009	PROPN
fbem-28	173	51	rm	rm	PROPN
fbem-28	173	52	rf	rf	PROPN
fbem-28	173	53	rm	rm	PROPN
fbem-28	173	54	-	-	PUNCT
fbem-28	173	55	rf	rf	PRON
fbem-28	173	56	asdoc	asdoc	ADJ
fbem-28	173	57	reg	reg	NOUN
fbem-28	173	58	rt600009	rt600009	NOUN
fbem-28	173	59	rm	rm	PROPN
fbem-28	173	60	rf	rf	PROPN
fbem-28	173	61	rt600897	rt600897	PROPN
fbem-28	173	62	testparm	testparm	PROPN
fbem-28	173	63	rm	rm	PROPN
fbem-28	173	64	rf	rf	PRON
fbem-28	173	65	(	(	PUNCT
fbem-28	173	66	1	1	X
fbem-28	173	67	)	)	PUNCT
fbem-28	173	68	rm	rm	NOUN
fbem-28	173	69	=	=	SYM
fbem-28	173	70	0	0	PROPN
fbem-28	174	1	(	(	PUNCT
fbem-28	174	2	2	2	NUM
fbem-28	174	3	)	)	PUNCT
fbem-28	174	4	rf	rf	NOUN
fbem-28	174	5	=	=	SYM
fbem-28	174	6	0	0	NUM
fbem-28	174	7	f	f	PROPN
fbem-28	174	8	(	(	PUNCT
fbem-28	174	9	2	2	NUM
fbem-28	174	10	,	,	PUNCT
fbem-28	174	11	237	237	NUM
fbem-28	174	12	)	)	PUNCT
fbem-28	174	13	=	=	SYM
fbem-28	174	14	89.02	89.02	NUM
fbem-28	174	15	prob	prob	NOUN
fbem-28	174	16	>	>	X
fbem-28	174	17	f	f	PROPN
fbem-28	174	18	=	=	SYM
fbem-28	174	19	0.0000	0.0000	NUM
fbem-28	174	20	.	.	PUNCT
fbem-28	175	1	test	test	NOUN
fbem-28	175	2	(	(	PUNCT
fbem-28	175	3	_	_	NOUN
fbem-28	175	4	b[rm]=1	b[rm]=1	NOUN
fbem-28	175	5	)	)	PUNCT
fbem-28	175	6	(	(	PUNCT
fbem-28	175	7	_	_	NOUN
fbem-28	175	8	b[rf]=0	b[rf]=0	NOUN
fbem-28	175	9	)	)	PUNCT
fbem-28	175	10	(	(	PUNCT
fbem-28	175	11	1	1	X
fbem-28	175	12	)	)	PUNCT
fbem-28	175	13	rm	rm	NOUN
fbem-28	175	14	=	=	SYM
fbem-28	175	15	1	1	NUM
fbem-28	175	16	(	(	PUNCT
fbem-28	175	17	2	2	NUM
fbem-28	175	18	)	)	PUNCT
fbem-28	175	19	rf	rf	NOUN
fbem-28	175	20	=	=	SYM
fbem-28	175	21	0	0	NUM
fbem-28	175	22	f	f	PROPN
fbem-28	175	23	(	(	PUNCT
fbem-28	175	24	2	2	NUM
fbem-28	175	25	,	,	PUNCT
fbem-28	175	26	237	237	NUM
fbem-28	175	27	)	)	PUNCT
fbem-28	175	28	=	=	SYM
fbem-28	175	29	9.13	9.13	NUM
fbem-28	175	30	prob	prob	NOUN
fbem-28	175	31	>	>	X
fbem-28	175	32	f	f	PROPN
fbem-28	176	1	=	=	SYM
fbem-28	176	2	0.0002	0.0002	NUM
fbem-28	176	3	scalar	scalar	ADJ
fbem-28	176	4	sser	sser	NOUN
fbem-28	176	5	=	=	SYM
fbem-28	176	6	e(rss	e(rss	NOUN
fbem-28	176	7	)	)	PUNCT
fbem-28	176	8	scalar	scalar	ADJ
fbem-28	176	9	df_rest	df_rest	NOUN
fbem-28	176	10	=	=	SYM
fbem-28	176	11	e(df_r	e(df_r	X
fbem-28	176	12	)	)	PUNCT
fbem-28	176	13	scalar	scalar	NOUN
fbem-28	176	14	j	j	PROPN
fbem-28	176	15	=	=	PRON
fbem-28	176	16	df_rest	df_rest	ADV
fbem-28	176	17	-	-	PUNCT
fbem-28	176	18	df_unrest	df_unr	ADJ
fbem-28	176	19	asdoc	asdoc	ADJ
fbem-28	176	20	estat	estat	X
fbem-28	176	21	vif	vif	PROPN
fbem-28	176	22	swilk	swilk	ADJ
fbem-28	176	23	rt600009	rt600009	PROPN
fbem-28	176	24	rm	rm	NOUN
fbem-28	176	25	rf	rf	VERB
fbem-28	176	26	asdoc	asdoc	ADJ
fbem-28	176	27	estat	estat	NOUN
fbem-28	176	28	hettest	hettest	NOUN
fbem-28	176	29	,	,	PUNCT
fbem-28	176	30	rhs	rhs	PROPN
fbem-28	176	31	iid	iid	VERB
fbem-28	176	32	15	15	NUM
fbem-28	176	33	(	(	PUNCT
fbem-28	176	34	file	file	VERB
fbem-28	176	35	myfile.doc	myfile.doc	NOUN
fbem-28	176	36	already	already	ADV
fbem-28	176	37	exists	exist	VERB
fbem-28	176	38	,	,	PUNCT
fbem-28	176	39	option	option	NOUN
fbem-28	176	40	append	append	NOUN
fbem-28	176	41	was	be	AUX
fbem-28	176	42	assumed	assume	VERB
fbem-28	176	43	)	)	PUNCT
fbem-28	176	44	breusch	breusch	PROPN
fbem-28	176	45	-	-	PUNCT
fbem-28	176	46	pagan	pagan	ADJ
fbem-28	176	47	/	/	SYM
fbem-28	176	48	cook	cook	PROPN
fbem-28	176	49	-	-	PUNCT
fbem-28	176	50	weisberg	weisberg	PROPN
fbem-28	176	51	test	test	NOUN
fbem-28	176	52	for	for	ADP
fbem-28	176	53	heteroskedasticity	heteroskedasticity	NOUN
fbem-28	176	54	ho	ho	ADJ
fbem-28	176	55	:	:	PUNCT
fbem-28	176	56	constant	constant	ADJ
fbem-28	176	57	variance	variance	NOUN
fbem-28	176	58	variables	variable	NOUN
fbem-28	176	59	:	:	PUNCT
fbem-28	176	60	excessrm	excessrm	PROPN
fbem-28	176	61	chi2(1	chi2(1	PROPN
fbem-28	176	62	)	)	PUNCT
fbem-28	176	63	=	=	SYM
fbem-28	176	64	0.52	0.52	NUM
fbem-28	176	65	prob	prob	NOUN
fbem-28	176	66	>	>	X
fbem-28	176	67	chi2	chi2	PROPN
fbem-28	176	68	=	=	NOUN
fbem-28	176	69	0.4705	0.4705	NUM