id	sid	tid	token	lemma	pos
fbem-28715	1	1	frontiers	frontier	NOUN
fbem-28715	1	2	in	in	ADP
fbem-28715	1	3	business	business	NOUN
fbem-28715	1	4	,	,	PUNCT
fbem-28715	1	5	economics	economic	NOUN
fbem-28715	1	6	and	and	CCONJ
fbem-28715	1	7	management	management	NOUN
fbem-28715	1	8	issn	issn	PROPN
fbem-28715	1	9	:	:	PUNCT
fbem-28715	1	10	2766	2766	NUM
fbem-28715	1	11	-	-	PUNCT
fbem-28715	1	12	824x	824x	NUM
fbem-28715	1	13	|	|	ADJ
fbem-28715	1	14	vol	vol	NOUN
fbem-28715	1	15	.	.	PROPN
fbem-28715	1	16	17	17	NUM
fbem-28715	1	17	,	,	PUNCT
fbem-28715	1	18	no	no	INTJ
fbem-28715	1	19	.	.	NOUN
fbem-28715	1	20	3	3	NUM
fbem-28715	1	21	,	,	PUNCT
fbem-28715	1	22	2024	2024	NUM
fbem-28715	1	23	477	477	NUM
fbem-28715	1	24	the	the	DET
fbem-28715	1	25	impact	impact	NOUN
fbem-28715	1	26	of	of	ADP
fbem-28715	1	27	esg	esg	PROPN
fbem-28715	1	28	on	on	ADP
fbem-28715	1	29	earnings	earning	NOUN
fbem-28715	1	30	volatility	volatility	NOUN
fbem-28715	1	31	of	of	ADP
fbem-28715	1	32	manufacturing	manufacture	VERB
fbem-28715	1	33	companies	company	NOUN
fbem-28715	1	34	in	in	ADP
fbem-28715	1	35	china	china	PROPN
fbem-28715	1	36	kudzai	kudzai	PROPN
fbem-28715	1	37	patricia	patricia	PROPN
fbem-28715	1	38	nyahuma	nyahuma	ADV
fbem-28715	1	39	school	school	NOUN
fbem-28715	1	40	of	of	ADP
fbem-28715	1	41	economics	economic	NOUN
fbem-28715	1	42	and	and	CCONJ
fbem-28715	1	43	management	management	NOUN
fbem-28715	1	44	,	,	PUNCT
fbem-28715	1	45	management	management	NOUN
fbem-28715	1	46	science	science	NOUN
fbem-28715	1	47	and	and	CCONJ
fbem-28715	1	48	engineering	engineering	NOUN
fbem-28715	1	49	master	master	NOUN
fbem-28715	1	50	pro	pro	ADJ
fbem-28715	1	51	-	-	ADJ
fbem-28715	1	52	gram	gram	ADJ
fbem-28715	1	53	,	,	PUNCT
fbem-28715	1	54	chongqing	chongqing	PROPN
fbem-28715	1	55	university	university	NOUN
fbem-28715	1	56	of	of	ADP
fbem-28715	1	57	post	post	NOUN
fbem-28715	1	58	and	and	CCONJ
fbem-28715	1	59	telecommunication	telecommunication	NOUN
fbem-28715	1	60	,	,	PUNCT
fbem-28715	1	61	chongqing	chongqing	PROPN
fbem-28715	1	62	,	,	PUNCT
fbem-28715	1	63	400060	400060	NUM
fbem-28715	1	64	,	,	PUNCT
fbem-28715	1	65	china	china	PROPN
fbem-28715	1	66	abstract	abstract	NOUN
fbem-28715	1	67	:	:	PUNCT
fbem-28715	1	68	this	this	DET
fbem-28715	1	69	study	study	NOUN
fbem-28715	1	70	examines	examine	VERB
fbem-28715	1	71	how	how	SCONJ
fbem-28715	1	72	environmental	environmental	ADJ
fbem-28715	1	73	,	,	PUNCT
fbem-28715	1	74	social	social	ADJ
fbem-28715	1	75	,	,	PUNCT
fbem-28715	1	76	and	and	CCONJ
fbem-28715	1	77	corporate	corporate	ADJ
fbem-28715	1	78	governance	governance	NOUN
fbem-28715	1	79	(	(	PUNCT
fbem-28715	1	80	esg	esg	NOUN
fbem-28715	1	81	)	)	PUNCT
fbem-28715	1	82	performance	performance	NOUN
fbem-28715	1	83	influences	influence	VERB
fbem-28715	1	84	a	a	DET
fbem-28715	1	85	firm	firm	NOUN
fbem-28715	1	86	’s	’s	PART
fbem-28715	1	87	earnings	earning	NOUN
fbem-28715	1	88	volatility	volatility	NOUN
fbem-28715	1	89	,	,	PUNCT
fbem-28715	1	90	considering	consider	VERB
fbem-28715	1	91	the	the	DET
fbem-28715	1	92	mediating	mediate	VERB
fbem-28715	1	93	role	role	NOUN
fbem-28715	1	94	of	of	ADP
fbem-28715	1	95	financial	financial	ADJ
fbem-28715	1	96	constraints	constraint	NOUN
fbem-28715	1	97	and	and	CCONJ
fbem-28715	1	98	the	the	DET
fbem-28715	1	99	moderating	moderate	VERB
fbem-28715	1	100	effects	effect	NOUN
fbem-28715	1	101	of	of	ADP
fbem-28715	1	102	supply	supply	NOUN
fbem-28715	1	103	chain	chain	NOUN
fbem-28715	1	104	concentration	concentration	NOUN
fbem-28715	1	105	.	.	PUNCT
fbem-28715	2	1	drawing	draw	VERB
fbem-28715	2	2	on	on	ADP
fbem-28715	2	3	stakeholder	stakeholder	NOUN
fbem-28715	2	4	theory	theory	NOUN
fbem-28715	2	5	and	and	CCONJ
fbem-28715	2	6	resource	resource	NOUN
fbem-28715	2	7	de	de	NOUN
fbem-28715	2	8	-	-	NOUN
fbem-28715	2	9	pendency	pendency	NOUN
fbem-28715	2	10	theory	theory	NOUN
fbem-28715	2	11	,	,	PUNCT
fbem-28715	2	12	the	the	DET
fbem-28715	2	13	research	research	NOUN
fbem-28715	2	14	model	model	NOUN
fbem-28715	2	15	was	be	AUX
fbem-28715	2	16	proposed	propose	VERB
fbem-28715	2	17	and	and	CCONJ
fbem-28715	2	18	hypotheses	hypothesis	NOUN
fbem-28715	2	19	were	be	AUX
fbem-28715	2	20	developed	develop	VERB
fbem-28715	2	21	to	to	PART
fbem-28715	2	22	address	address	VERB
fbem-28715	2	23	the	the	DET
fbem-28715	2	24	research	research	NOUN
fbem-28715	2	25	questions	question	NOUN
fbem-28715	2	26	.	.	PUNCT
fbem-28715	3	1	the	the	DET
fbem-28715	3	2	study	study	NOUN
fbem-28715	3	3	employs	employ	VERB
fbem-28715	3	4	fixed	fix	VERB
fbem-28715	3	5	effects	effect	NOUN
fbem-28715	3	6	regression	regression	VERB
fbem-28715	3	7	analysis	analysis	NOUN
fbem-28715	3	8	,	,	PUNCT
fbem-28715	3	9	conducted	conduct	VERB
fbem-28715	3	10	using	use	VERB
fbem-28715	3	11	stata	stata	NOUN
fbem-28715	3	12	18.0	18.0	NUM
fbem-28715	3	13	,	,	PUNCT
fbem-28715	3	14	on	on	ADP
fbem-28715	3	15	data	datum	NOUN
fbem-28715	3	16	from	from	ADP
fbem-28715	3	17	603	603	NUM
fbem-28715	3	18	manufacturing	manufacturing	NOUN
fbem-28715	3	19	companies	company	NOUN
fbem-28715	3	20	listed	list	VERB
fbem-28715	3	21	in	in	ADP
fbem-28715	3	22	china	china	PROPN
fbem-28715	3	23	's	's	PART
fbem-28715	3	24	a	a	DET
fbem-28715	3	25	-	-	PUNCT
fbem-28715	3	26	shares	share	NOUN
fbem-28715	3	27	market	market	NOUN
fbem-28715	3	28	from	from	ADP
fbem-28715	3	29	2013	2013	NUM
fbem-28715	3	30	to	to	ADP
fbem-28715	3	31	2022	2022	NUM
fbem-28715	3	32	.	.	PUNCT
fbem-28715	4	1	the	the	DET
fbem-28715	4	2	results	result	NOUN
fbem-28715	4	3	reveal	reveal	VERB
fbem-28715	4	4	that	that	SCONJ
fbem-28715	4	5	esg	esg	PROPN
fbem-28715	4	6	significantly	significantly	ADV
fbem-28715	4	7	impacts	impact	VERB
fbem-28715	4	8	earnings	earning	NOUN
fbem-28715	4	9	volatility	volatility	NOUN
fbem-28715	4	10	,	,	PUNCT
fbem-28715	4	11	with	with	ADP
fbem-28715	4	12	financial	financial	ADJ
fbem-28715	4	13	constraints	constraint	NOUN
fbem-28715	4	14	partially	partially	ADV
fbem-28715	4	15	mediating	mediate	VERB
fbem-28715	4	16	this	this	DET
fbem-28715	4	17	relationship	relationship	NOUN
fbem-28715	4	18	,	,	PUNCT
fbem-28715	4	19	and	and	CCONJ
fbem-28715	4	20	supply	supply	NOUN
fbem-28715	4	21	chain	chain	NOUN
fbem-28715	4	22	concentration	concentration	NOUN
fbem-28715	4	23	serving	serve	VERB
fbem-28715	4	24	as	as	ADP
fbem-28715	4	25	a	a	DET
fbem-28715	4	26	moderator	moderator	NOUN
fbem-28715	4	27	.	.	PUNCT
fbem-28715	5	1	these	these	DET
fbem-28715	5	2	findings	finding	NOUN
fbem-28715	5	3	have	have	VERB
fbem-28715	5	4	important	important	ADJ
fbem-28715	5	5	implications	implication	NOUN
fbem-28715	5	6	for	for	ADP
fbem-28715	5	7	managers	manager	NOUN
fbem-28715	5	8	,	,	PUNCT
fbem-28715	5	9	policymakers	policymaker	NOUN
fbem-28715	5	10	,	,	PUNCT
fbem-28715	5	11	and	and	CCONJ
fbem-28715	5	12	investors	investor	NOUN
fbem-28715	5	13	.	.	PUNCT
fbem-28715	6	1	keywords	keyword	NOUN
fbem-28715	6	2	:	:	PUNCT
fbem-28715	6	3	esg	esg	NOUN
fbem-28715	6	4	,	,	PUNCT
fbem-28715	6	5	earnings	earning	NOUN
fbem-28715	6	6	volatility	volatility	NOUN
fbem-28715	6	7	,	,	PUNCT
fbem-28715	6	8	financial	financial	ADJ
fbem-28715	6	9	constraints	constraint	NOUN
fbem-28715	6	10	,	,	PUNCT
fbem-28715	6	11	supply	supply	NOUN
fbem-28715	6	12	chain	chain	NOUN
fbem-28715	6	13	concentration	concentration	NOUN
fbem-28715	6	14	.	.	PUNCT
fbem-28715	7	1	1	1	X
fbem-28715	7	2	.	.	X
fbem-28715	7	3	introduction	introduction	NOUN
fbem-28715	7	4	in	in	ADP
fbem-28715	7	5	recent	recent	ADJ
fbem-28715	7	6	years	year	NOUN
fbem-28715	7	7	,	,	PUNCT
fbem-28715	7	8	the	the	DET
fbem-28715	7	9	inclusion	inclusion	NOUN
fbem-28715	7	10	of	of	ADP
fbem-28715	7	11	environmental	environmental	ADJ
fbem-28715	7	12	,	,	PUNCT
fbem-28715	7	13	social	social	ADJ
fbem-28715	7	14	,	,	PUNCT
fbem-28715	7	15	and	and	CCONJ
fbem-28715	7	16	governance	governance	NOUN
fbem-28715	7	17	(	(	PUNCT
fbem-28715	7	18	esg	esg	NOUN
fbem-28715	7	19	)	)	PUNCT
fbem-28715	7	20	factors	factor	NOUN
fbem-28715	7	21	has	have	AUX
fbem-28715	7	22	garnered	garner	VERB
fbem-28715	7	23	significant	significant	ADJ
fbem-28715	7	24	attention	attention	NOUN
fbem-28715	7	25	from	from	ADP
fbem-28715	7	26	the	the	DET
fbem-28715	7	27	corporate	corporate	ADJ
fbem-28715	7	28	world	world	NOUN
fbem-28715	7	29	due	due	ADP
fbem-28715	7	30	to	to	ADP
fbem-28715	7	31	increased	increase	VERB
fbem-28715	7	32	pressure	pressure	NOUN
fbem-28715	7	33	from	from	ADP
fbem-28715	7	34	everyone	everyone	PRON
fbem-28715	7	35	to	to	PART
fbem-28715	7	36	embrace	embrace	VERB
fbem-28715	7	37	sustainable	sustainable	ADJ
fbem-28715	7	38	practices	practice	NOUN
fbem-28715	7	39	,	,	PUNCT
fbem-28715	7	40	lessen	lessen	VERB
fbem-28715	7	41	their	their	PRON
fbem-28715	7	42	environmental	environmental	ADJ
fbem-28715	7	43	and	and	CCONJ
fbem-28715	7	44	social	social	ADJ
fbem-28715	7	45	footprints	footprint	NOUN
fbem-28715	7	46	,	,	PUNCT
fbem-28715	7	47	and	and	CCONJ
fbem-28715	7	48	improve	improve	VERB
fbem-28715	7	49	transparency	transparency	NOUN
fbem-28715	7	50	through	through	ADP
fbem-28715	7	51	the	the	DET
fbem-28715	7	52	implementation	implementation	NOUN
fbem-28715	7	53	of	of	ADP
fbem-28715	7	54	esg	esg	PROPN
fbem-28715	7	55	disclosure	disclosure	NOUN
fbem-28715	7	56	standards	standard	NOUN
fbem-28715	7	57	[	[	X
fbem-28715	7	58	1	1	NUM
fbem-28715	7	59	,	,	PUNCT
fbem-28715	7	60	2	2	NUM
fbem-28715	7	61	]	]	PUNCT
fbem-28715	7	62	.	.	PUNCT
fbem-28715	8	1	investors	investor	NOUN
fbem-28715	8	2	,	,	PUNCT
fbem-28715	8	3	shareholders	shareholder	NOUN
fbem-28715	8	4	,	,	PUNCT
fbem-28715	8	5	creditors	creditor	NOUN
fbem-28715	8	6	,	,	PUNCT
fbem-28715	8	7	regulatory	regulatory	ADJ
fbem-28715	8	8	authorities	authority	NOUN
fbem-28715	8	9	,	,	PUNCT
fbem-28715	8	10	government	government	NOUN
fbem-28715	8	11	agencies	agency	NOUN
fbem-28715	8	12	and	and	CCONJ
fbem-28715	8	13	other	other	ADJ
fbem-28715	8	14	stakeholder	stakeholder	NOUN
fbem-28715	8	15	’s	’s	PART
fbem-28715	8	16	interests	interest	NOUN
fbem-28715	8	17	are	be	AUX
fbem-28715	8	18	growing	grow	VERB
fbem-28715	8	19	day	day	NOUN
fbem-28715	8	20	by	by	ADP
fbem-28715	8	21	day	day	NOUN
fbem-28715	8	22	in	in	ADP
fbem-28715	8	23	esg	esg	NOUN
fbem-28715	8	24	matters	matter	NOUN
fbem-28715	8	25	[	[	X
fbem-28715	8	26	3	3	NUM
fbem-28715	8	27	]	]	PUNCT
fbem-28715	8	28	.	.	PUNCT
fbem-28715	9	1	in	in	ADP
fbem-28715	9	2	satisfying	satisfy	VERB
fbem-28715	9	3	the	the	DET
fbem-28715	9	4	informational	informational	ADJ
fbem-28715	9	5	needs	need	NOUN
fbem-28715	9	6	of	of	ADP
fbem-28715	9	7	investors	investor	NOUN
fbem-28715	9	8	,	,	PUNCT
fbem-28715	9	9	policy	policy	NOUN
fbem-28715	9	10	makers	maker	NOUN
fbem-28715	9	11	,	,	PUNCT
fbem-28715	9	12	and	and	CCONJ
fbem-28715	9	13	stakeholders	stakeholder	NOUN
fbem-28715	9	14	,	,	PUNCT
fbem-28715	9	15	financial	financial	ADJ
fbem-28715	9	16	transparency	transparency	NOUN
fbem-28715	9	17	alone	alone	ADV
fbem-28715	9	18	is	be	AUX
fbem-28715	9	19	insufficient	insufficient	ADJ
fbem-28715	9	20	which	which	PRON
fbem-28715	9	21	implies	imply	VERB
fbem-28715	9	22	that	that	SCONJ
fbem-28715	9	23	there	there	PRON
fbem-28715	9	24	is	be	VERB
fbem-28715	9	25	need	need	NOUN
fbem-28715	9	26	for	for	ADP
fbem-28715	9	27	non	non	ADJ
fbem-28715	9	28	-	-	ADJ
fbem-28715	9	29	financial	financial	ADJ
fbem-28715	9	30	disclosure	disclosure	NOUN
fbem-28715	9	31	such	such	ADJ
fbem-28715	9	32	as	as	ADP
fbem-28715	9	33	integrated	integrated	ADJ
fbem-28715	9	34	reports	report	NOUN
fbem-28715	9	35	,	,	PUNCT
fbem-28715	9	36	social	social	ADJ
fbem-28715	9	37	reports	report	NOUN
fbem-28715	9	38	,	,	PUNCT
fbem-28715	9	39	sustainability	sustainability	NOUN
fbem-28715	9	40	reports	report	NOUN
fbem-28715	9	41	,	,	PUNCT
fbem-28715	9	42	and	and	CCONJ
fbem-28715	9	43	environmental	environmental	ADJ
fbem-28715	9	44	reports	report	NOUN
fbem-28715	9	45	in	in	ADP
fbem-28715	9	46	satisfying	satisfy	VERB
fbem-28715	9	47	these	these	DET
fbem-28715	9	48	demands	demand	NOUN
fbem-28715	9	49	[	[	X
fbem-28715	9	50	4	4	NUM
fbem-28715	9	51	]	]	PUNCT
fbem-28715	9	52	.	.	PUNCT
fbem-28715	10	1	global	global	ADJ
fbem-28715	10	2	investors	investor	NOUN
fbem-28715	10	3	are	be	AUX
fbem-28715	10	4	becoming	become	VERB
fbem-28715	10	5	more	more	ADV
fbem-28715	10	6	interested	interested	ADJ
fbem-28715	10	7	in	in	ADP
fbem-28715	10	8	resolving	resolve	VERB
fbem-28715	10	9	esg	esg	NOUN
fbem-28715	10	10	issues	issue	NOUN
fbem-28715	10	11	and	and	CCONJ
fbem-28715	10	12	exploring	explore	VERB
fbem-28715	10	13	sustainable	sustainable	ADJ
fbem-28715	10	14	investment	investment	NOUN
fbem-28715	10	15	opportunities	opportunity	NOUN
fbem-28715	10	16	as	as	ADP
fbem-28715	10	17	a	a	DET
fbem-28715	10	18	result	result	NOUN
fbem-28715	10	19	of	of	ADP
fbem-28715	10	20	this	this	DET
fbem-28715	10	21	growing	grow	VERB
fbem-28715	10	22	knowledge	knowledge	NOUN
fbem-28715	10	23	[	[	X
fbem-28715	10	24	5	5	NUM
fbem-28715	10	25	]	]	PUNCT
fbem-28715	10	26	.	.	PUNCT
fbem-28715	11	1	by	by	ADP
fbem-28715	11	2	2050	2050	NUM
fbem-28715	11	3	,	,	PUNCT
fbem-28715	11	4	countries	country	NOUN
fbem-28715	11	5	such	such	ADJ
fbem-28715	11	6	as	as	ADP
fbem-28715	11	7	:	:	PUNCT
fbem-28715	11	8	china	china	PROPN
fbem-28715	11	9	,	,	PUNCT
fbem-28715	11	10	germany	germany	PROPN
fbem-28715	11	11	,	,	PUNCT
fbem-28715	11	12	the	the	DET
fbem-28715	11	13	united	united	PROPN
fbem-28715	11	14	states	states	PROPN
fbem-28715	11	15	,	,	PUNCT
fbem-28715	11	16	and	and	CCONJ
fbem-28715	11	17	the	the	DET
fbem-28715	11	18	european	european	PROPN
fbem-28715	11	19	union	union	PROPN
fbem-28715	11	20	want	want	VERB
fbem-28715	11	21	to	to	PART
fbem-28715	11	22	attain	attain	VERB
fbem-28715	11	23	carbon	carbon	NOUN
fbem-28715	11	24	neutrality	neutrality	NOUN
fbem-28715	11	25	[	[	X
fbem-28715	11	26	6	6	NUM
fbem-28715	11	27	]	]	PUNCT
fbem-28715	11	28	.	.	PUNCT
fbem-28715	12	1	the	the	DET
fbem-28715	12	2	governments	government	NOUN
fbem-28715	12	3	of	of	ADP
fbem-28715	12	4	each	each	PRON
fbem-28715	12	5	of	of	ADP
fbem-28715	12	6	these	these	DET
fbem-28715	12	7	nations	nation	NOUN
fbem-28715	12	8	are	be	AUX
fbem-28715	12	9	using	use	VERB
fbem-28715	12	10	laws	law	NOUN
fbem-28715	12	11	and	and	CCONJ
fbem-28715	12	12	regulations	regulation	NOUN
fbem-28715	12	13	to	to	PART
fbem-28715	12	14	enforce	enforce	VERB
fbem-28715	12	15	the	the	DET
fbem-28715	12	16	use	use	NOUN
fbem-28715	12	17	of	of	ADP
fbem-28715	12	18	environmental	environmental	ADJ
fbem-28715	12	19	,	,	PUNCT
fbem-28715	12	20	social	social	ADJ
fbem-28715	12	21	,	,	PUNCT
fbem-28715	12	22	and	and	CCONJ
fbem-28715	12	23	governance	governance	NOUN
fbem-28715	12	24	(	(	PUNCT
fbem-28715	12	25	esg	esg	NOUN
fbem-28715	12	26	)	)	PUNCT
fbem-28715	12	27	principles	principle	NOUN
fbem-28715	12	28	in	in	ADP
fbem-28715	12	29	order	order	NOUN
fbem-28715	12	30	to	to	PART
fbem-28715	12	31	achieve	achieve	VERB
fbem-28715	12	32	this	this	DET
fbem-28715	12	33	goal	goal	NOUN
fbem-28715	12	34	[	[	X
fbem-28715	12	35	7	7	NUM
fbem-28715	12	36	]	]	PUNCT
fbem-28715	12	37	.	.	PUNCT
fbem-28715	13	1	these	these	DET
fbem-28715	13	2	actions	action	NOUN
fbem-28715	13	3	lead	lead	VERB
fbem-28715	13	4	to	to	ADP
fbem-28715	13	5	a	a	DET
fbem-28715	13	6	positive	positive	ADJ
fbem-28715	13	7	effect	effect	NOUN
fbem-28715	13	8	towards	towards	ADP
fbem-28715	13	9	the	the	DET
fbem-28715	13	10	increased	increase	VERB
fbem-28715	13	11	integration	integration	NOUN
fbem-28715	13	12	of	of	ADP
fbem-28715	13	13	un	un	PROPN
fbem-28715	13	14	sustainable	sustainable	ADJ
fbem-28715	13	15	development	development	NOUN
fbem-28715	13	16	goals	goal	NOUN
fbem-28715	13	17	in	in	ADP
fbem-28715	13	18	financial	financial	ADJ
fbem-28715	13	19	investments	investment	NOUN
fbem-28715	13	20	[	[	X
fbem-28715	13	21	8	8	NUM
fbem-28715	13	22	]	]	PUNCT
fbem-28715	13	23	.	.	PUNCT
fbem-28715	14	1	according	accord	VERB
fbem-28715	14	2	to	to	ADP
fbem-28715	14	3	statista	statista	NOUN
fbem-28715	14	4	,	,	PUNCT
fbem-28715	14	5	china	china	PROPN
fbem-28715	14	6	witnessed	witness	VERB
fbem-28715	14	7	a	a	DET
fbem-28715	14	8	significant	significant	ADJ
fbem-28715	14	9	increase	increase	NOUN
fbem-28715	14	10	in	in	ADP
fbem-28715	14	11	the	the	DET
fbem-28715	14	12	number	number	NOUN
fbem-28715	14	13	and	and	CCONJ
fbem-28715	14	14	market	market	NOUN
fbem-28715	14	15	capitalization	capitalization	NOUN
fbem-28715	14	16	of	of	ADP
fbem-28715	14	17	esg	esg	PROPN
fbem-28715	14	18	funds	fund	NOUN
fbem-28715	14	19	in	in	ADP
fbem-28715	14	20	2021	2021	NUM
fbem-28715	14	21	.	.	PUNCT
fbem-28715	15	1	there	there	PRON
fbem-28715	15	2	were	be	VERB
fbem-28715	15	3	160	160	NUM
fbem-28715	15	4	of	of	ADP
fbem-28715	15	5	these	these	DET
fbem-28715	15	6	funds	fund	NOUN
fbem-28715	15	7	,	,	PUNCT
fbem-28715	15	8	a	a	DET
fbem-28715	15	9	significant	significant	ADJ
fbem-28715	15	10	increase	increase	NOUN
fbem-28715	15	11	in	in	ADP
fbem-28715	15	12	number	number	NOUN
fbem-28715	15	13	,	,	PUNCT
fbem-28715	15	14	and	and	CCONJ
fbem-28715	15	15	their	their	PRON
fbem-28715	15	16	combined	combined	ADJ
fbem-28715	15	17	market	market	NOUN
fbem-28715	15	18	capitalization	capitalization	NOUN
fbem-28715	15	19	reached	reach	VERB
fbem-28715	15	20	almost	almost	ADV
fbem-28715	15	21	400	400	NUM
fbem-28715	15	22	billion	billion	NUM
fbem-28715	15	23	yuan	yuan	NOUN
fbem-28715	15	24	.	.	PUNCT
fbem-28715	16	1	despite	despite	SCONJ
fbem-28715	16	2	various	various	ADJ
fbem-28715	16	3	studies	study	NOUN
fbem-28715	16	4	that	that	PRON
fbem-28715	16	5	have	have	AUX
fbem-28715	16	6	been	be	AUX
fbem-28715	16	7	conducted	conduct	VERB
fbem-28715	16	8	to	to	PART
fbem-28715	16	9	test	test	VERB
fbem-28715	16	10	the	the	DET
fbem-28715	16	11	impact	impact	NOUN
fbem-28715	16	12	of	of	ADP
fbem-28715	16	13	esg	esg	PROPN
fbem-28715	16	14	and	and	CCONJ
fbem-28715	16	15	other	other	ADJ
fbem-28715	16	16	financial	financial	ADJ
fbem-28715	16	17	performance	performance	NOUN
fbem-28715	16	18	.	.	PUNCT
fbem-28715	17	1	few	few	ADJ
fbem-28715	17	2	researches	research	NOUN
fbem-28715	17	3	have	have	AUX
fbem-28715	17	4	focused	focus	VERB
fbem-28715	17	5	on	on	ADP
fbem-28715	17	6	the	the	DET
fbem-28715	17	7	impact	impact	NOUN
fbem-28715	17	8	of	of	ADP
fbem-28715	17	9	esg	esg	NOUN
fbem-28715	17	10	performance	performance	NOUN
fbem-28715	17	11	on	on	ADP
fbem-28715	17	12	the	the	DET
fbem-28715	17	13	firm	firm	NOUN
fbem-28715	17	14	's	's	PART
fbem-28715	17	15	earnings	earning	NOUN
fbem-28715	17	16	volatility	volatility	NOUN
fbem-28715	17	17	.	.	PUNCT
fbem-28715	18	1	the	the	DET
fbem-28715	18	2	few	few	ADJ
fbem-28715	18	3	studies	study	NOUN
fbem-28715	18	4	that	that	PRON
fbem-28715	18	5	have	have	AUX
fbem-28715	18	6	studied	study	VERB
fbem-28715	18	7	the	the	DET
fbem-28715	18	8	impact	impact	NOUN
fbem-28715	18	9	of	of	ADP
fbem-28715	18	10	earnings	earning	NOUN
fbem-28715	18	11	volatility	volatility	NOUN
fbem-28715	18	12	was	be	AUX
fbem-28715	18	13	done	do	VERB
fbem-28715	18	14	by	by	ADP
fbem-28715	18	15	[	[	X
fbem-28715	18	16	9	9	NUM
fbem-28715	18	17	]	]	PUNCT
fbem-28715	18	18	when	when	SCONJ
fbem-28715	18	19	they	they	PRON
fbem-28715	18	20	used	use	VERB
fbem-28715	18	21	it	it	PRON
fbem-28715	18	22	as	as	ADP
fbem-28715	18	23	a	a	DET
fbem-28715	18	24	control	control	NOUN
fbem-28715	18	25	variable	variable	NOUN
fbem-28715	18	26	.	.	PUNCT
fbem-28715	19	1	the	the	DET
fbem-28715	19	2	results	result	NOUN
fbem-28715	19	3	showed	show	VERB
fbem-28715	19	4	that	that	SCONJ
fbem-28715	19	5	earnings	earning	NOUN
fbem-28715	19	6	volatility	volatility	NOUN
fbem-28715	19	7	mitigates	mitigate	VERB
fbem-28715	19	8	the	the	DET
fbem-28715	19	9	relationship	relationship	NOUN
fbem-28715	19	10	between	between	ADP
fbem-28715	19	11	earnings	earning	NOUN
fbem-28715	19	12	quality	quality	NOUN
fbem-28715	19	13	and	and	CCONJ
fbem-28715	19	14	sustainability	sustainability	NOUN
fbem-28715	19	15	disclosure	disclosure	NOUN
fbem-28715	19	16	quantity	quantity	NOUN
fbem-28715	19	17	.	.	PUNCT
fbem-28715	20	1	some	some	DET
fbem-28715	20	2	other	other	ADJ
fbem-28715	20	3	researchers	researcher	NOUN
fbem-28715	20	4	stated	state	VERB
fbem-28715	20	5	that	that	SCONJ
fbem-28715	20	6	regardless	regardless	ADV
fbem-28715	20	7	of	of	ADP
fbem-28715	20	8	the	the	DET
fbem-28715	20	9	absence	absence	NOUN
fbem-28715	20	10	of	of	ADP
fbem-28715	20	11	a	a	DET
fbem-28715	20	12	complete	complete	ADJ
fbem-28715	20	13	literature	literature	NOUN
fbem-28715	20	14	on	on	ADP
fbem-28715	20	15	esg	esg	PROPN
fbem-28715	20	16	firms	firm	NOUN
fbem-28715	20	17	and	and	CCONJ
fbem-28715	20	18	earnings	earning	NOUN
fbem-28715	20	19	volatility	volatility	NOUN
fbem-28715	20	20	,	,	PUNCT
fbem-28715	20	21	social	social	ADJ
fbem-28715	20	22	and	and	CCONJ
fbem-28715	20	23	environmental	environmental	ADJ
fbem-28715	20	24	ventures	venture	NOUN
fbem-28715	20	25	undertaken	undertake	VERB
fbem-28715	20	26	by	by	ADP
fbem-28715	20	27	esg	esg	PROPN
fbem-28715	20	28	firms	firm	NOUN
fbem-28715	20	29	can	can	AUX
fbem-28715	20	30	contribute	contribute	VERB
fbem-28715	20	31	to	to	ADP
fbem-28715	20	32	earnings	earning	NOUN
fbem-28715	20	33	volatility	volatility	NOUN
fbem-28715	20	34	[	[	X
fbem-28715	20	35	10	10	NUM
fbem-28715	20	36	]	]	PUNCT
fbem-28715	20	37	.	.	PUNCT
fbem-28715	21	1	based	base	VERB
fbem-28715	21	2	on	on	ADP
fbem-28715	21	3	the	the	DET
fbem-28715	21	4	literature	literature	NOUN
fbem-28715	21	5	on	on	ADP
fbem-28715	21	6	esg	esg	PROPN
fbem-28715	21	7	and	and	CCONJ
fbem-28715	21	8	financial	financial	ADJ
fbem-28715	21	9	performance	performance	NOUN
fbem-28715	21	10	there	there	PRON
fbem-28715	21	11	exist	exist	VERB
fbem-28715	21	12	various	various	ADJ
fbem-28715	21	13	limitations	limitation	NOUN
fbem-28715	21	14	which	which	PRON
fbem-28715	21	15	require	require	VERB
fbem-28715	21	16	more	more	ADJ
fbem-28715	21	17	studies	study	NOUN
fbem-28715	21	18	to	to	PART
fbem-28715	21	19	be	be	AUX
fbem-28715	21	20	conducted	conduct	VERB
fbem-28715	21	21	.	.	PUNCT
fbem-28715	22	1	firstly	firstly	ADV
fbem-28715	22	2	,	,	PUNCT
fbem-28715	22	3	more	more	ADJ
fbem-28715	22	4	studies	study	NOUN
fbem-28715	22	5	are	be	AUX
fbem-28715	22	6	conducted	conduct	VERB
fbem-28715	22	7	in	in	ADP
fbem-28715	22	8	developed	develop	VERB
fbem-28715	22	9	economies	economy	NOUN
fbem-28715	22	10	due	due	ADJ
fbem-28715	22	11	to	to	ADP
fbem-28715	22	12	attention	attention	NOUN
fbem-28715	22	13	paid	pay	VERB
fbem-28715	22	14	by	by	ADP
fbem-28715	22	15	various	various	ADJ
fbem-28715	22	16	stakeholders	stakeholder	NOUN
fbem-28715	22	17	such	such	ADJ
fbem-28715	22	18	as	as	ADP
fbem-28715	22	19	investors	investor	NOUN
fbem-28715	22	20	,	,	PUNCT
fbem-28715	22	21	lenders	lender	NOUN
fbem-28715	22	22	,	,	PUNCT
fbem-28715	22	23	and	and	CCONJ
fbem-28715	22	24	the	the	DET
fbem-28715	22	25	media	medium	NOUN
fbem-28715	22	26	whereas	whereas	SCONJ
fbem-28715	22	27	very	very	ADV
fbem-28715	22	28	limited	limited	ADJ
fbem-28715	22	29	studies	study	NOUN
fbem-28715	22	30	are	be	AUX
fbem-28715	22	31	conducted	conduct	VERB
fbem-28715	22	32	for	for	ADP
fbem-28715	22	33	emerging	emerge	VERB
fbem-28715	22	34	economies	economy	NOUN
fbem-28715	22	35	.	.	PUNCT
fbem-28715	23	1	part	part	NOUN
fbem-28715	23	2	of	of	ADP
fbem-28715	23	3	the	the	DET
fbem-28715	23	4	reason	reason	NOUN
fbem-28715	23	5	why	why	SCONJ
fbem-28715	23	6	there	there	PRON
fbem-28715	23	7	is	be	VERB
fbem-28715	23	8	a	a	DET
fbem-28715	23	9	limit	limit	NOUN
fbem-28715	23	10	in	in	ADP
fbem-28715	23	11	the	the	DET
fbem-28715	23	12	research	research	NOUN
fbem-28715	23	13	for	for	ADP
fbem-28715	23	14	emerging	emerge	VERB
fbem-28715	23	15	economies	economy	NOUN
fbem-28715	23	16	is	be	AUX
fbem-28715	23	17	that	that	SCONJ
fbem-28715	23	18	they	they	PRON
fbem-28715	23	19	focus	focus	VERB
fbem-28715	23	20	more	more	ADV
fbem-28715	23	21	on	on	ADP
fbem-28715	23	22	economic	economic	ADJ
fbem-28715	23	23	development	development	NOUN
fbem-28715	23	24	,	,	PUNCT
fbem-28715	23	25	paying	pay	VERB
fbem-28715	23	26	less	less	ADJ
fbem-28715	23	27	attention	attention	NOUN
fbem-28715	23	28	to	to	ADP
fbem-28715	23	29	the	the	DET
fbem-28715	23	30	esg	esg	NOUN
fbem-28715	23	31	practices	practice	NOUN
fbem-28715	23	32	[	[	X
fbem-28715	23	33	11	11	NUM
fbem-28715	23	34	]	]	PUNCT
fbem-28715	23	35	.	.	PUNCT
fbem-28715	24	1	secondly	secondly	ADV
fbem-28715	24	2	,	,	PUNCT
fbem-28715	24	3	esg	esg	PROPN
fbem-28715	24	4	information	information	NOUN
fbem-28715	24	5	disclosure	disclosure	NOUN
fbem-28715	24	6	varies	vary	VERB
fbem-28715	24	7	widely	widely	ADV
fbem-28715	24	8	between	between	ADP
fbem-28715	24	9	economies	economy	NOUN
fbem-28715	24	10	and	and	CCONJ
fbem-28715	24	11	industries	industry	NOUN
fbem-28715	24	12	,	,	PUNCT
fbem-28715	24	13	making	make	VERB
fbem-28715	24	14	it	it	PRON
fbem-28715	24	15	hard	hard	ADJ
fbem-28715	24	16	for	for	ADP
fbem-28715	24	17	researchers	researcher	NOUN
fbem-28715	24	18	who	who	PRON
fbem-28715	24	19	would	would	AUX
fbem-28715	24	20	want	want	VERB
fbem-28715	24	21	to	to	PART
fbem-28715	24	22	conduct	conduct	VERB
fbem-28715	24	23	comparative	comparative	ADJ
fbem-28715	24	24	analysis	analysis	NOUN
fbem-28715	24	25	of	of	ADP
fbem-28715	24	26	esg	esg	NOUN
fbem-28715	24	27	performance	performance	NOUN
fbem-28715	24	28	between	between	ADP
fbem-28715	24	29	different	different	ADJ
fbem-28715	24	30	countries	country	NOUN
fbem-28715	24	31	and	and	CCONJ
fbem-28715	24	32	industries	industry	NOUN
fbem-28715	24	33	[	[	X
fbem-28715	24	34	12	12	NUM
fbem-28715	24	35	]	]	PUNCT
fbem-28715	24	36	.	.	PUNCT
fbem-28715	25	1	thirdly	thirdly	ADV
fbem-28715	25	2	,	,	PUNCT
fbem-28715	25	3	the	the	DET
fbem-28715	25	4	data	datum	NOUN
fbem-28715	25	5	for	for	ADP
fbem-28715	25	6	esg	esg	NOUN
fbem-28715	25	7	scores	score	NOUN
fbem-28715	25	8	that	that	PRON
fbem-28715	25	9	is	be	AUX
fbem-28715	25	10	provided	provide	VERB
fbem-28715	25	11	by	by	ADP
fbem-28715	25	12	esg	esg	PROPN
fbem-28715	25	13	agencies	agency	NOUN
fbem-28715	25	14	is	be	AUX
fbem-28715	25	15	old	old	ADJ
fbem-28715	25	16	,	,	PUNCT
fbem-28715	25	17	difficult	difficult	ADJ
fbem-28715	25	18	to	to	PART
fbem-28715	25	19	find	find	VERB
fbem-28715	25	20	and	and	CCONJ
fbem-28715	25	21	does	do	AUX
fbem-28715	25	22	n't	not	PART
fbem-28715	25	23	include	include	VERB
fbem-28715	25	24	many	many	ADJ
fbem-28715	25	25	developing	develop	VERB
fbem-28715	25	26	countries	country	NOUN
fbem-28715	25	27	which	which	PRON
fbem-28715	25	28	is	be	AUX
fbem-28715	25	29	a	a	DET
fbem-28715	25	30	problem	problem	NOUN
fbem-28715	25	31	for	for	ADP
fbem-28715	25	32	researchers	researcher	NOUN
fbem-28715	25	33	who	who	PRON
fbem-28715	25	34	would	would	AUX
fbem-28715	25	35	want	want	VERB
fbem-28715	25	36	to	to	PART
fbem-28715	25	37	conduct	conduct	VERB
fbem-28715	25	38	their	their	PRON
fbem-28715	25	39	studies	study	NOUN
fbem-28715	25	40	targeting	target	VERB
fbem-28715	25	41	those	those	DET
fbem-28715	25	42	countries	country	NOUN
fbem-28715	25	43	[	[	X
fbem-28715	25	44	13	13	NUM
fbem-28715	25	45	,	,	PUNCT
fbem-28715	25	46	14	14	NUM
fbem-28715	25	47	]	]	PUNCT
fbem-28715	25	48	.	.	PUNCT
fbem-28715	26	1	however	however	ADV
fbem-28715	26	2	,	,	PUNCT
fbem-28715	26	3	as	as	SCONJ
fbem-28715	26	4	we	we	PRON
fbem-28715	26	5	mentioned	mention	VERB
fbem-28715	26	6	that	that	SCONJ
fbem-28715	26	7	the	the	DET
fbem-28715	26	8	impact	impact	NOUN
fbem-28715	26	9	of	of	ADP
fbem-28715	26	10	esg	esg	PROPN
fbem-28715	26	11	performance	performance	NOUN
fbem-28715	26	12	on	on	ADP
fbem-28715	26	13	earnings	earning	NOUN
fbem-28715	26	14	volatility	volatility	NOUN
fbem-28715	26	15	is	be	AUX
fbem-28715	26	16	scarce	scarce	ADJ
fbem-28715	26	17	regardless	regardless	ADV
fbem-28715	26	18	of	of	ADP
fbem-28715	26	19	its	its	PRON
fbem-28715	26	20	importance	importance	NOUN
fbem-28715	26	21	not	not	PART
fbem-28715	26	22	only	only	ADV
fbem-28715	26	23	to	to	ADP
fbem-28715	26	24	the	the	DET
fbem-28715	26	25	firm	firm	NOUN
fbem-28715	26	26	but	but	CCONJ
fbem-28715	26	27	also	also	ADV
fbem-28715	26	28	to	to	ADP
fbem-28715	26	29	the	the	DET
fbem-28715	26	30	stakeholders	stakeholder	NOUN
fbem-28715	26	31	such	such	ADJ
fbem-28715	26	32	as	as	ADP
fbem-28715	26	33	shareholders	shareholder	NOUN
fbem-28715	26	34	,	,	PUNCT
fbem-28715	26	35	investors	investor	NOUN
fbem-28715	26	36	,	,	PUNCT
fbem-28715	26	37	lenders	lender	NOUN
fbem-28715	26	38	,	,	PUNCT
fbem-28715	26	39	creditors	creditor	NOUN
fbem-28715	26	40	who	who	PRON
fbem-28715	26	41	consider	consider	VERB
fbem-28715	26	42	risk	risk	NOUN
fbem-28715	26	43	before	before	ADP
fbem-28715	26	44	investing	invest	VERB
fbem-28715	26	45	their	their	PRON
fbem-28715	26	46	capital	capital	NOUN
fbem-28715	26	47	into	into	ADP
fbem-28715	26	48	the	the	DET
fbem-28715	26	49	company	company	NOUN
fbem-28715	26	50	[	[	X
fbem-28715	26	51	3	3	NUM
fbem-28715	26	52	]	]	PUNCT
fbem-28715	26	53	.	.	PUNCT
fbem-28715	27	1	since	since	SCONJ
fbem-28715	27	2	investors	investor	NOUN
fbem-28715	27	3	are	be	AUX
fbem-28715	27	4	considering	consider	VERB
fbem-28715	27	5	esg	esg	NOUN
fbem-28715	27	6	scores	score	NOUN
fbem-28715	27	7	of	of	ADP
fbem-28715	27	8	firms	firm	NOUN
fbem-28715	27	9	before	before	ADP
fbem-28715	27	10	investing	investing	NOUN
fbem-28715	27	11	,	,	PUNCT
fbem-28715	27	12	earnings	earning	NOUN
fbem-28715	27	13	volatility	volatility	NOUN
fbem-28715	27	14	as	as	ADP
fbem-28715	27	15	another	another	DET
fbem-28715	27	16	important	important	ADJ
fbem-28715	27	17	financial	financial	ADJ
fbem-28715	27	18	performance	performance	NOUN
fbem-28715	27	19	measure	measure	NOUN
fbem-28715	27	20	may	may	AUX
fbem-28715	27	21	be	be	AUX
fbem-28715	27	22	influenced	influence	VERB
fbem-28715	27	23	by	by	ADP
fbem-28715	27	24	the	the	DET
fbem-28715	27	25	firm	firm	NOUN
fbem-28715	27	26	’s	’s	PART
fbem-28715	27	27	esg	esg	PROPN
fbem-28715	27	28	performance	performance	NOUN
fbem-28715	27	29	.	.	PUNCT
fbem-28715	28	1	therefore	therefore	ADV
fbem-28715	28	2	,	,	PUNCT
fbem-28715	28	3	to	to	PART
fbem-28715	28	4	fill	fill	VERB
fbem-28715	28	5	this	this	DET
fbem-28715	28	6	gap	gap	NOUN
fbem-28715	28	7	this	this	DET
fbem-28715	28	8	study	study	NOUN
fbem-28715	28	9	proposed	propose	VERB
fbem-28715	28	10	the	the	DET
fbem-28715	28	11	following	follow	VERB
fbem-28715	28	12	research	research	NOUN
fbem-28715	28	13	questions	question	NOUN
fbem-28715	28	14	:	:	PUNCT
fbem-28715	28	15	how	how	SCONJ
fbem-28715	28	16	does	do	AUX
fbem-28715	28	17	the	the	DET
fbem-28715	28	18	esg	esg	PROPN
fbem-28715	28	19	score	score	NOUN
fbem-28715	28	20	impact	impact	NOUN
fbem-28715	28	21	earnings	earning	NOUN
fbem-28715	28	22	volatility	volatility	NOUN
fbem-28715	28	23	?	?	PUNCT
fbem-28715	29	1	does	do	AUX
fbem-28715	29	2	financial	financial	ADJ
fbem-28715	29	3	constraints	constraint	NOUN
fbem-28715	29	4	mediate	mediate	VERB
fbem-28715	29	5	the	the	DET
fbem-28715	29	6	relationship	relationship	NOUN
fbem-28715	29	7	between	between	ADP
fbem-28715	29	8	esg	esg	PROPN
fbem-28715	29	9	score	score	NOUN
fbem-28715	29	10	and	and	CCONJ
fbem-28715	29	11	earnings	earning	NOUN
fbem-28715	29	12	volatility	volatility	NOUN
fbem-28715	29	13	?	?	PUNCT
fbem-28715	30	1	to	to	ADP
fbem-28715	30	2	what	what	DET
fbem-28715	30	3	extent	extent	NOUN
fbem-28715	30	4	does	do	AUX
fbem-28715	30	5	supply	supply	VERB
fbem-28715	30	6	chain	chain	NOUN
fbem-28715	30	7	concentration	concentration	NOUN
fbem-28715	30	8	moderate	moderate	ADJ
fbem-28715	30	9	the	the	DET
fbem-28715	30	10	relationship	relationship	NOUN
fbem-28715	30	11	between	between	ADP
fbem-28715	30	12	combined	combined	ADJ
fbem-28715	30	13	esg	esg	NOUN
fbem-28715	30	14	score	score	NOUN
fbem-28715	30	15	and	and	CCONJ
fbem-28715	30	16	earnings	earning	NOUN
fbem-28715	30	17	volatility	volatility	NOUN
fbem-28715	30	18	?	?	PUNCT
fbem-28715	31	1	the	the	DET
fbem-28715	31	2	remainder	remainder	NOUN
fbem-28715	31	3	of	of	ADP
fbem-28715	31	4	this	this	DET
fbem-28715	31	5	paper	paper	NOUN
fbem-28715	31	6	is	be	AUX
fbem-28715	31	7	structured	structure	VERB
fbem-28715	31	8	as	as	SCONJ
fbem-28715	31	9	follows	follow	VERB
fbem-28715	31	10	:	:	PUNCT
fbem-28715	31	11	section	section	NOUN
fbem-28715	31	12	2	2	NUM
fbem-28715	31	13	presents	present	VERB
fbem-28715	31	14	the	the	DET
fbem-28715	31	15	literature	literature	NOUN
fbem-28715	31	16	review	review	PROPN
fbem-28715	31	17	and	and	CCONJ
fbem-28715	31	18	theoretical	theoretical	ADJ
fbem-28715	31	19	foundation	foundation	NOUN
fbem-28715	31	20	.	.	PUNCT
fbem-28715	32	1	section	section	NOUN
fbem-28715	32	2	3	3	NUM
fbem-28715	32	3	discusses	discuss	VERB
fbem-28715	32	4	hypothesis	hypothesis	NOUN
fbem-28715	32	5	development	development	NOUN
fbem-28715	32	6	.	.	PUNCT
fbem-28715	33	1	section	section	NOUN
fbem-28715	33	2	4	4	NUM
fbem-28715	33	3	describes	describe	VERB
fbem-28715	33	4	the	the	DET
fbem-28715	33	5	methodology	methodology	NOUN
fbem-28715	33	6	.	.	PUNCT
fbem-28715	34	1	section	section	NOUN
fbem-28715	34	2	5	5	NUM
fbem-28715	34	3	provides	provide	VERB
fbem-28715	34	4	the	the	DET
fbem-28715	34	5	study	study	NOUN
fbem-28715	34	6	's	's	PART
fbem-28715	34	7	results	result	NOUN
fbem-28715	34	8	.	.	PUNCT
fbem-28715	35	1	section	section	NOUN
fbem-28715	35	2	6	6	NUM
fbem-28715	35	3	includes	include	VERB
fbem-28715	35	4	the	the	DET
fbem-28715	35	5	discussion	discussion	NOUN
fbem-28715	35	6	and	and	CCONJ
fbem-28715	35	7	conclusion	conclusion	NOUN
fbem-28715	35	8	.	.	PUNCT
fbem-28715	36	1	finally	finally	ADV
fbem-28715	36	2	,	,	PUNCT
fbem-28715	36	3	section	section	NOUN
fbem-28715	36	4	7	7	NUM
fbem-28715	36	5	outlines	outline	VERB
fbem-28715	36	6	the	the	DET
fbem-28715	36	7	implications	implication	NOUN
fbem-28715	36	8	,	,	PUNCT
fbem-28715	36	9	478	478	NUM
fbem-28715	36	10	limitations	limitation	NOUN
fbem-28715	36	11	,	,	PUNCT
fbem-28715	36	12	and	and	CCONJ
fbem-28715	36	13	directions	direction	NOUN
fbem-28715	36	14	for	for	ADP
fbem-28715	36	15	future	future	ADJ
fbem-28715	36	16	research	research	NOUN
fbem-28715	36	17	.	.	PUNCT
fbem-28715	37	1	2	2	X
fbem-28715	37	2	.	.	X
fbem-28715	37	3	literature	literature	NOUN
fbem-28715	37	4	review	review	VERB
fbem-28715	37	5	2.1	2.1	NUM
fbem-28715	37	6	.	.	PUNCT
fbem-28715	38	1	environmental	environmental	ADJ
fbem-28715	38	2	,	,	PUNCT
fbem-28715	38	3	social	social	ADJ
fbem-28715	38	4	and	and	CCONJ
fbem-28715	38	5	corporate	corporate	ADJ
fbem-28715	38	6	governance	governance	NOUN
fbem-28715	38	7	(	(	PUNCT
fbem-28715	38	8	esg	esg	NOUN
fbem-28715	38	9	)	)	PUNCT
fbem-28715	38	10	in	in	ADP
fbem-28715	38	11	recent	recent	ADJ
fbem-28715	38	12	years	year	NOUN
fbem-28715	38	13	,	,	PUNCT
fbem-28715	38	14	esg	esg	PROPN
fbem-28715	38	15	aspects	aspect	NOUN
fbem-28715	38	16	have	have	AUX
fbem-28715	38	17	attracted	attract	VERB
fbem-28715	38	18	a	a	DET
fbem-28715	38	19	lot	lot	NOUN
fbem-28715	38	20	of	of	ADP
fbem-28715	38	21	attention	attention	NOUN
fbem-28715	38	22	from	from	ADP
fbem-28715	38	23	shareholders	shareholder	NOUN
fbem-28715	38	24	,	,	PUNCT
fbem-28715	38	25	investors	investor	NOUN
fbem-28715	38	26	,	,	PUNCT
fbem-28715	38	27	lenders	lender	NOUN
fbem-28715	38	28	and	and	CCONJ
fbem-28715	38	29	other	other	ADJ
fbem-28715	38	30	stakeholders	stakeholder	NOUN
fbem-28715	38	31	in	in	ADP
fbem-28715	38	32	the	the	DET
fbem-28715	38	33	corporate	corporate	ADJ
fbem-28715	38	34	world	world	NOUN
fbem-28715	38	35	for	for	ADP
fbem-28715	38	36	decision	decision	NOUN
fbem-28715	38	37	making	make	VERB
fbem-28715	38	38	[	[	X
fbem-28715	38	39	4	4	NUM
fbem-28715	38	40	]	]	PUNCT
fbem-28715	38	41	.	.	PUNCT
fbem-28715	39	1	it	it	PRON
fbem-28715	39	2	has	have	AUX
fbem-28715	39	3	strengthened	strengthen	VERB
fbem-28715	39	4	companies	company	NOUN
fbem-28715	39	5	in	in	ADP
fbem-28715	39	6	gaining	gain	VERB
fbem-28715	39	7	good	good	ADJ
fbem-28715	39	8	reputation	reputation	NOUN
fbem-28715	39	9	and	and	CCONJ
fbem-28715	39	10	improving	improve	VERB
fbem-28715	39	11	their	their	PRON
fbem-28715	39	12	financial	financial	ADJ
fbem-28715	39	13	performances	performance	NOUN
fbem-28715	39	14	.	.	PUNCT
fbem-28715	40	1	this	this	DET
fbem-28715	40	2	survey	survey	NOUN
fbem-28715	40	3	of	of	ADP
fbem-28715	40	4	literature	literature	NOUN
fbem-28715	40	5	aims	aim	VERB
fbem-28715	40	6	to	to	PART
fbem-28715	40	7	give	give	VERB
fbem-28715	40	8	a	a	DET
fbem-28715	40	9	thorough	thorough	ADJ
fbem-28715	40	10	summary	summary	NOUN
fbem-28715	40	11	on	on	ADP
fbem-28715	40	12	the	the	DET
fbem-28715	40	13	body	body	NOUN
fbem-28715	40	14	of	of	ADP
fbem-28715	40	15	knowledge	knowledge	NOUN
fbem-28715	40	16	on	on	ADP
fbem-28715	40	17	esg	esg	PROPN
fbem-28715	40	18	.	.	PUNCT
fbem-28715	41	1	esg	esg	PROPN
fbem-28715	41	2	is	be	AUX
fbem-28715	41	3	an	an	DET
fbem-28715	41	4	acronym	acronym	NOUN
fbem-28715	41	5	which	which	PRON
fbem-28715	41	6	stakeholders	stakeholder	NOUN
fbem-28715	41	7	frequently	frequently	ADV
fbem-28715	41	8	use	use	VERB
fbem-28715	41	9	to	to	PART
fbem-28715	41	10	assess	assess	VERB
fbem-28715	41	11	firms	firm	NOUN
fbem-28715	41	12	based	base	VERB
fbem-28715	41	13	on	on	ADP
fbem-28715	41	14	environmental	environmental	ADJ
fbem-28715	41	15	factors	factor	NOUN
fbem-28715	41	16	,	,	PUNCT
fbem-28715	41	17	social	social	ADJ
fbem-28715	41	18	responsibilities	responsibility	NOUN
fbem-28715	41	19	and	and	CCONJ
fbem-28715	41	20	corporate	corporate	ADJ
fbem-28715	41	21	governance	governance	NOUN
fbem-28715	41	22	.	.	PUNCT
fbem-28715	42	1	esg	esg	NOUN
fbem-28715	42	2	standards	standard	NOUN
fbem-28715	42	3	are	be	AUX
fbem-28715	42	4	regarded	regard	VERB
fbem-28715	42	5	as	as	ADP
fbem-28715	42	6	non	non	ADJ
fbem-28715	42	7	-	-	ADJ
fbem-28715	42	8	financial	financial	ADJ
fbem-28715	42	9	performance	performance	NOUN
fbem-28715	42	10	parameters	parameter	NOUN
fbem-28715	42	11	which	which	PRON
fbem-28715	42	12	are	be	AUX
fbem-28715	42	13	used	use	VERB
fbem-28715	42	14	in	in	ADP
fbem-28715	42	15	business	business	NOUN
fbem-28715	42	16	sectors	sector	NOUN
fbem-28715	42	17	to	to	PART
fbem-28715	42	18	see	see	VERB
fbem-28715	42	19	how	how	SCONJ
fbem-28715	42	20	firms	firm	NOUN
fbem-28715	42	21	deal	deal	VERB
fbem-28715	42	22	with	with	ADP
fbem-28715	42	23	issues	issue	NOUN
fbem-28715	42	24	related	relate	VERB
fbem-28715	42	25	to	to	ADP
fbem-28715	42	26	social	social	ADJ
fbem-28715	42	27	responsibility	responsibility	NOUN
fbem-28715	42	28	,	,	PUNCT
fbem-28715	42	29	ethics	ethic	NOUN
fbem-28715	42	30	,	,	PUNCT
fbem-28715	42	31	and	and	CCONJ
fbem-28715	42	32	corporate	corporate	ADJ
fbem-28715	42	33	governance	governance	NOUN
fbem-28715	42	34	[	[	X
fbem-28715	42	35	4	4	NUM
fbem-28715	42	36	]	]	PUNCT
fbem-28715	42	37	.	.	PUNCT
fbem-28715	43	1	these	these	DET
fbem-28715	43	2	three	three	NUM
fbem-28715	43	3	dimensions	dimension	NOUN
fbem-28715	43	4	place	place	VERB
fbem-28715	43	5	a	a	DET
fbem-28715	43	6	strong	strong	ADJ
fbem-28715	43	7	emphasis	emphasis	NOUN
fbem-28715	43	8	on	on	ADP
fbem-28715	43	9	balancing	balance	VERB
fbem-28715	43	10	all	all	DET
fbem-28715	43	11	the	the	DET
fbem-28715	43	12	elements	element	NOUN
fbem-28715	43	13	without	without	ADP
fbem-28715	43	14	ignoring	ignore	VERB
fbem-28715	43	15	the	the	DET
fbem-28715	43	16	other	other	ADJ
fbem-28715	43	17	and	and	CCONJ
fbem-28715	43	18	they	they	PRON
fbem-28715	43	19	were	be	AUX
fbem-28715	43	20	initially	initially	ADV
fbem-28715	43	21	created	create	VERB
fbem-28715	43	22	to	to	PART
fbem-28715	43	23	cater	cater	VERB
fbem-28715	43	24	for	for	ADP
fbem-28715	43	25	financial	financial	ADJ
fbem-28715	43	26	companies	company	NOUN
fbem-28715	43	27	and	and	CCONJ
fbem-28715	43	28	investors	investor	NOUN
fbem-28715	44	1	[	[	X
fbem-28715	44	2	15	15	NUM
fbem-28715	44	3	]	]	PUNCT
fbem-28715	44	4	but	but	CCONJ
fbem-28715	44	5	gained	gain	VERB
fbem-28715	44	6	popularity	popularity	NOUN
fbem-28715	44	7	and	and	CCONJ
fbem-28715	44	8	spread	spread	VERB
fbem-28715	44	9	to	to	ADP
fbem-28715	44	10	the	the	DET
fbem-28715	44	11	rest	rest	NOUN
fbem-28715	44	12	of	of	ADP
fbem-28715	44	13	other	other	ADJ
fbem-28715	44	14	stakeholders	stakeholder	NOUN
fbem-28715	44	15	.	.	PUNCT
fbem-28715	45	1	according	accord	VERB
fbem-28715	45	2	to	to	ADP
fbem-28715	45	3	[	[	X
fbem-28715	45	4	16	16	NUM
fbem-28715	45	5	]	]	PUNCT
fbem-28715	45	6	,	,	PUNCT
fbem-28715	45	7	the	the	DET
fbem-28715	45	8	elements	element	NOUN
fbem-28715	45	9	covered	cover	VERB
fbem-28715	45	10	by	by	ADP
fbem-28715	45	11	environmental	environmental	ADJ
fbem-28715	45	12	(	(	PUNCT
fbem-28715	45	13	e	e	NOUN
fbem-28715	45	14	)	)	PUNCT
fbem-28715	45	15	in	in	ADP
fbem-28715	45	16	esg	esg	PROPN
fbem-28715	45	17	comprise	comprise	NOUN
fbem-28715	45	18	of	of	ADP
fbem-28715	45	19	emission	emission	NOUN
fbem-28715	45	20	,	,	PUNCT
fbem-28715	45	21	waste	waste	NOUN
fbem-28715	45	22	management	management	NOUN
fbem-28715	45	23	,	,	PUNCT
fbem-28715	45	24	biodiversity	biodiversity	NOUN
fbem-28715	45	25	,	,	PUNCT
fbem-28715	45	26	resource	resource	NOUN
fbem-28715	45	27	consumption	consumption	NOUN
fbem-28715	45	28	.	.	PUNCT
fbem-28715	46	1	the	the	DET
fbem-28715	46	2	resource	resource	NOUN
fbem-28715	46	3	consumption	consumption	NOUN
fbem-28715	46	4	measures	measure	VERB
fbem-28715	46	5	the	the	DET
fbem-28715	46	6	ability	ability	NOUN
fbem-28715	46	7	to	to	PART
fbem-28715	46	8	reduce	reduce	VERB
fbem-28715	46	9	by	by	ADP
fbem-28715	46	10	how	how	SCONJ
fbem-28715	46	11	much	much	ADJ
fbem-28715	46	12	energy	energy	NOUN
fbem-28715	46	13	,	,	PUNCT
fbem-28715	46	14	water	water	NOUN
fbem-28715	46	15	,	,	PUNCT
fbem-28715	46	16	or	or	CCONJ
fbem-28715	46	17	other	other	ADJ
fbem-28715	46	18	resources	resource	NOUN
fbem-28715	46	19	that	that	PRON
fbem-28715	46	20	are	be	AUX
fbem-28715	46	21	being	be	AUX
fbem-28715	46	22	used	use	VERB
fbem-28715	46	23	.	.	PUNCT
fbem-28715	47	1	it	it	PRON
fbem-28715	47	2	also	also	ADV
fbem-28715	47	3	covers	cover	VERB
fbem-28715	47	4	the	the	DET
fbem-28715	47	5	company	company	NOUN
fbem-28715	47	6	's	's	PART
fbem-28715	47	7	capacity	capacity	NOUN
fbem-28715	47	8	to	to	PART
fbem-28715	47	9	enhance	enhance	VERB
fbem-28715	47	10	supply	supply	NOUN
fbem-28715	47	11	chain	chain	NOUN
fbem-28715	47	12	management	management	NOUN
fbem-28715	47	13	and	and	CCONJ
fbem-28715	47	14	apply	apply	VERB
fbem-28715	47	15	more	more	ADV
fbem-28715	47	16	ecologically	ecologically	ADV
fbem-28715	47	17	friendly	friendly	ADJ
fbem-28715	47	18	solutions	solution	NOUN
fbem-28715	47	19	.	.	PUNCT
fbem-28715	48	1	the	the	DET
fbem-28715	48	2	emission	emission	NOUN
fbem-28715	48	3	component	component	NOUN
fbem-28715	48	4	evaluates	evaluate	VERB
fbem-28715	48	5	how	how	SCONJ
fbem-28715	48	6	well	well	ADV
fbem-28715	48	7	the	the	DET
fbem-28715	48	8	business	business	NOUN
fbem-28715	48	9	has	have	AUX
fbem-28715	48	10	changed	change	VERB
fbem-28715	48	11	its	its	PRON
fbem-28715	48	12	operating	operating	NOUN
fbem-28715	48	13	and	and	CCONJ
fbem-28715	48	14	manufacturing	manufacturing	NOUN
fbem-28715	48	15	procedures	procedure	NOUN
fbem-28715	48	16	to	to	PART
fbem-28715	48	17	cut	cut	VERB
fbem-28715	48	18	down	down	ADP
fbem-28715	48	19	the	the	DET
fbem-28715	48	20	emissions	emission	NOUN
fbem-28715	48	21	that	that	PRON
fbem-28715	48	22	are	be	AUX
fbem-28715	48	23	harmful	harmful	ADJ
fbem-28715	48	24	to	to	ADP
fbem-28715	48	25	the	the	DET
fbem-28715	48	26	environment	environment	NOUN
fbem-28715	48	27	.	.	PUNCT
fbem-28715	49	1	lastly	lastly	ADV
fbem-28715	49	2	the	the	DET
fbem-28715	49	3	handling	handling	NOUN
fbem-28715	49	4	of	of	ADP
fbem-28715	49	5	waste	waste	NOUN
fbem-28715	49	6	materials	material	NOUN
fbem-28715	49	7	includes	include	VERB
fbem-28715	49	8	gathering	gathering	NOUN
fbem-28715	49	9	,	,	PUNCT
fbem-28715	49	10	moving	moving	NOUN
fbem-28715	49	11	,	,	PUNCT
fbem-28715	49	12	processing	processing	NOUN
fbem-28715	49	13	,	,	PUNCT
fbem-28715	49	14	recycling	recycling	NOUN
fbem-28715	49	15	,	,	PUNCT
fbem-28715	49	16	disposing	dispose	VERB
fbem-28715	49	17	of	of	ADP
fbem-28715	49	18	,	,	PUNCT
fbem-28715	49	19	and	and	CCONJ
fbem-28715	49	20	keeping	keep	VERB
fbem-28715	49	21	track	track	NOUN
fbem-28715	49	22	of	of	ADP
fbem-28715	49	23	them	they	PRON
fbem-28715	49	24	.	.	PUNCT
fbem-28715	50	1	secondly	secondly	ADV
fbem-28715	50	2	,	,	PUNCT
fbem-28715	50	3	the	the	DET
fbem-28715	50	4	factors	factor	NOUN
fbem-28715	50	5	covered	cover	VERB
fbem-28715	50	6	by	by	ADP
fbem-28715	50	7	s	s	PRON
fbem-28715	50	8	(	(	PUNCT
fbem-28715	50	9	social	social	ADJ
fbem-28715	50	10	)	)	PUNCT
fbem-28715	50	11	in	in	ADP
fbem-28715	50	12	esg	esg	PROPN
fbem-28715	50	13	include	include	VERB
fbem-28715	50	14	the	the	DET
fbem-28715	50	15	community	community	NOUN
fbem-28715	50	16	,	,	PUNCT
fbem-28715	50	17	working	working	NOUN
fbem-28715	50	18	conditions	condition	NOUN
fbem-28715	50	19	,	,	PUNCT
fbem-28715	50	20	and	and	CCONJ
fbem-28715	50	21	human	human	ADJ
fbem-28715	50	22	rights	right	NOUN
fbem-28715	50	23	management	management	NOUN
fbem-28715	50	24	.	.	PUNCT
fbem-28715	51	1	the	the	DET
fbem-28715	51	2	element	element	NOUN
fbem-28715	51	3	measures	measure	VERB
fbem-28715	51	4	the	the	DET
fbem-28715	51	5	firm	firm	NOUN
fbem-28715	51	6	’s	’s	PART
fbem-28715	51	7	performance	performance	NOUN
fbem-28715	51	8	in	in	ADP
fbem-28715	51	9	providing	provide	VERB
fbem-28715	51	10	good	good	ADJ
fbem-28715	51	11	working	working	NOUN
fbem-28715	51	12	conditions	condition	NOUN
fbem-28715	51	13	e.g.	e.g.	ADV
fbem-28715	51	14	equal	equal	ADJ
fbem-28715	51	15	opportunities	opportunity	NOUN
fbem-28715	51	16	,	,	PUNCT
fbem-28715	51	17	safety	safety	NOUN
fbem-28715	51	18	,	,	PUNCT
fbem-28715	51	19	workplace	workplace	ADJ
fbem-28715	51	20	equality	equality	NOUN
fbem-28715	51	21	and	and	CCONJ
fbem-28715	51	22	healthiness	healthiness	NOUN
fbem-28715	51	23	of	of	ADP
fbem-28715	51	24	the	the	DET
fbem-28715	51	25	employees	employee	NOUN
fbem-28715	51	26	.	.	PUNCT
fbem-28715	52	1	it	it	PRON
fbem-28715	52	2	also	also	ADV
fbem-28715	52	3	assesses	assess	VERB
fbem-28715	52	4	whether	whether	SCONJ
fbem-28715	52	5	the	the	DET
fbem-28715	52	6	basic	basic	ADJ
fbem-28715	52	7	human	human	ADJ
fbem-28715	52	8	rights	right	NOUN
fbem-28715	52	9	practices	practice	NOUN
fbem-28715	52	10	in	in	ADP
fbem-28715	52	11	the	the	DET
fbem-28715	52	12	firm	firm	NOUN
fbem-28715	52	13	are	be	AUX
fbem-28715	52	14	or	or	CCONJ
fbem-28715	52	15	not	not	PART
fbem-28715	52	16	.	.	PUNCT
fbem-28715	53	1	social	social	ADJ
fbem-28715	53	2	component	component	NOUN
fbem-28715	53	3	considers	consider	VERB
fbem-28715	53	4	the	the	DET
fbem-28715	53	5	employee	employee	NOUN
fbem-28715	53	6	’s	’s	PART
fbem-28715	53	7	job	job	NOUN
fbem-28715	53	8	fulfillment	fulfillment	NOUN
fbem-28715	53	9	and	and	CCONJ
fbem-28715	53	10	opportunities	opportunity	NOUN
fbem-28715	53	11	for	for	ADP
fbem-28715	53	12	expert	expert	NOUN
fbem-28715	53	13	development	development	NOUN
fbem-28715	53	14	.	.	PUNCT
fbem-28715	54	1	lastly	lastly	ADV
fbem-28715	54	2	,	,	PUNCT
fbem-28715	54	3	it	it	PRON
fbem-28715	54	4	also	also	ADV
fbem-28715	54	5	addresses	address	VERB
fbem-28715	54	6	that	that	SCONJ
fbem-28715	54	7	the	the	DET
fbem-28715	54	8	firms	firm	NOUN
fbem-28715	54	9	are	be	AUX
fbem-28715	54	10	dedicated	dedicate	VERB
fbem-28715	54	11	to	to	ADP
fbem-28715	54	12	maintaining	maintain	VERB
fbem-28715	54	13	commercial	commercial	ADJ
fbem-28715	54	14	ethics	ethic	NOUN
fbem-28715	54	15	,	,	PUNCT
fbem-28715	54	16	protecting	protect	VERB
fbem-28715	54	17	public	public	ADJ
fbem-28715	54	18	health	health	NOUN
fbem-28715	54	19	,	,	PUNCT
fbem-28715	54	20	and	and	CCONJ
fbem-28715	54	21	functioning	function	VERB
fbem-28715	54	22	in	in	ADP
fbem-28715	54	23	a	a	DET
fbem-28715	54	24	responsible	responsible	ADJ
fbem-28715	54	25	manner	manner	NOUN
fbem-28715	54	26	as	as	ADP
fbem-28715	54	27	a	a	DET
fbem-28715	54	28	citizen	citizen	NOUN
fbem-28715	54	29	.	.	PUNCT
fbem-28715	55	1	lastly	lastly	ADV
fbem-28715	55	2	,	,	PUNCT
fbem-28715	55	3	g	g	PROPN
fbem-28715	55	4	(	(	PUNCT
fbem-28715	55	5	governance	governance	NOUN
fbem-28715	55	6	)	)	PUNCT
fbem-28715	55	7	in	in	ADP
fbem-28715	55	8	the	the	DET
fbem-28715	55	9	esg	esg	NOUN
fbem-28715	55	10	considers	consider	VERB
fbem-28715	55	11	how	how	SCONJ
fbem-28715	55	12	transparent	transparent	ADJ
fbem-28715	55	13	is	be	AUX
fbem-28715	55	14	the	the	DET
fbem-28715	55	15	organization	organization	NOUN
fbem-28715	55	16	in	in	ADP
fbem-28715	55	17	terms	term	NOUN
fbem-28715	55	18	of	of	ADP
fbem-28715	55	19	business	business	NOUN
fbem-28715	55	20	conductions	conduction	NOUN
fbem-28715	55	21	and	and	CCONJ
fbem-28715	55	22	how	how	SCONJ
fbem-28715	55	23	strong	strong	ADJ
fbem-28715	55	24	is	be	AUX
fbem-28715	55	25	the	the	DET
fbem-28715	55	26	relationship	relationship	NOUN
fbem-28715	55	27	between	between	ADP
fbem-28715	55	28	owners	owner	NOUN
fbem-28715	55	29	of	of	ADP
fbem-28715	55	30	the	the	DET
fbem-28715	55	31	business	business	NOUN
fbem-28715	55	32	and	and	CCONJ
fbem-28715	55	33	its	its	PRON
fbem-28715	55	34	managers	manager	NOUN
fbem-28715	55	35	as	as	ADV
fbem-28715	55	36	well	well	ADV
fbem-28715	55	37	as	as	ADP
fbem-28715	55	38	other	other	ADJ
fbem-28715	55	39	stakeholders	stakeholder	NOUN
fbem-28715	55	40	.	.	PUNCT
fbem-28715	56	1	it	it	PRON
fbem-28715	56	2	also	also	ADV
fbem-28715	56	3	considers	consider	VERB
fbem-28715	56	4	fair	fair	ADJ
fbem-28715	56	5	treatment	treatment	NOUN
fbem-28715	56	6	of	of	ADP
fbem-28715	56	7	shareholders	shareholder	NOUN
fbem-28715	56	8	without	without	ADP
fbem-28715	56	9	any	any	DET
fbem-28715	56	10	bias	bias	NOUN
fbem-28715	56	11	.	.	PUNCT
fbem-28715	57	1	esg	esg	PROPN
fbem-28715	57	2	has	have	AUX
fbem-28715	57	3	proved	prove	VERB
fbem-28715	57	4	to	to	PART
fbem-28715	57	5	be	be	AUX
fbem-28715	57	6	important	important	ADJ
fbem-28715	57	7	to	to	ADP
fbem-28715	57	8	the	the	DET
fbem-28715	57	9	investors	investor	NOUN
fbem-28715	57	10	and	and	CCONJ
fbem-28715	57	11	other	other	ADJ
fbem-28715	57	12	parties	party	NOUN
fbem-28715	57	13	concerned	concern	VERB
fbem-28715	57	14	in	in	ADP
fbem-28715	57	15	the	the	DET
fbem-28715	57	16	sense	sense	NOUN
fbem-28715	57	17	that	that	SCONJ
fbem-28715	57	18	,	,	PUNCT
fbem-28715	57	19	according	accord	VERB
fbem-28715	57	20	to	to	ADP
fbem-28715	57	21	[	[	X
fbem-28715	57	22	17	17	NUM
fbem-28715	57	23	]	]	PUNCT
fbem-28715	57	24	it	it	PRON
fbem-28715	57	25	mitigates	mitigate	VERB
fbem-28715	57	26	risks	risk	NOUN
fbem-28715	57	27	faced	face	VERB
fbem-28715	57	28	by	by	ADP
fbem-28715	57	29	companies	company	NOUN
fbem-28715	57	30	because	because	SCONJ
fbem-28715	57	31	it	it	PRON
fbem-28715	57	32	’s	’	VERB
fbem-28715	57	33	a	a	DET
fbem-28715	57	34	future	future	ADJ
fbem-28715	57	35	assessor	assessor	NOUN
fbem-28715	57	36	of	of	ADP
fbem-28715	57	37	risks	risk	NOUN
fbem-28715	57	38	that	that	PRON
fbem-28715	57	39	can	can	AUX
fbem-28715	57	40	be	be	AUX
fbem-28715	57	41	faced	face	VERB
fbem-28715	57	42	by	by	ADP
fbem-28715	57	43	firms	firm	NOUN
fbem-28715	57	44	.	.	PUNCT
fbem-28715	58	1	businesses	business	NOUN
fbem-28715	58	2	that	that	PRON
fbem-28715	58	3	handle	handle	VERB
fbem-28715	58	4	esg	esg	NOUN
fbem-28715	58	5	concerns	concern	NOUN
fbem-28715	58	6	very	very	ADV
fbem-28715	58	7	well	well	ADV
fbem-28715	58	8	,	,	PUNCT
fbem-28715	58	9	they	they	PRON
fbem-28715	58	10	typically	typically	ADV
fbem-28715	58	11	outperform	outperform	VERB
fbem-28715	58	12	their	their	PRON
fbem-28715	58	13	competitors	competitor	NOUN
fbem-28715	58	14	in	in	ADP
fbem-28715	58	15	the	the	DET
fbem-28715	58	16	long	long	ADJ
fbem-28715	58	17	run	run	NOUN
fbem-28715	58	18	due	due	ADJ
fbem-28715	58	19	to	to	ADP
fbem-28715	58	20	sustainable	sustainable	ADJ
fbem-28715	58	21	growth	growth	NOUN
fbem-28715	58	22	and	and	CCONJ
fbem-28715	58	23	resilience	resilience	NOUN
fbem-28715	58	24	that	that	PRON
fbem-28715	58	25	are	be	AUX
fbem-28715	58	26	facilitated	facilitate	VERB
fbem-28715	58	27	by	by	ADP
fbem-28715	58	28	strong	strong	ADJ
fbem-28715	58	29	corporate	corporate	ADJ
fbem-28715	58	30	governance	governance	NOUN
fbem-28715	58	31	,	,	PUNCT
fbem-28715	58	32	moral	moral	ADJ
fbem-28715	58	33	business	business	NOUN
fbem-28715	58	34	conduct	conduct	NOUN
fbem-28715	58	35	,	,	PUNCT
fbem-28715	58	36	and	and	CCONJ
fbem-28715	58	37	environmental	environmental	ADJ
fbem-28715	58	38	care	care	NOUN
fbem-28715	58	39	[	[	X
fbem-28715	58	40	2	2	NUM
fbem-28715	58	41	]	]	PUNCT
fbem-28715	58	42	.	.	PUNCT
fbem-28715	59	1	as	as	ADP
fbem-28715	59	2	a	a	DET
fbem-28715	59	3	result	result	NOUN
fbem-28715	59	4	,	,	PUNCT
fbem-28715	59	5	these	these	DET
fbem-28715	59	6	businesses	business	NOUN
fbem-28715	59	7	will	will	AUX
fbem-28715	59	8	appeal	appeal	VERB
fbem-28715	59	9	more	more	ADJ
fbem-28715	59	10	to	to	ADP
fbem-28715	59	11	investors	investor	NOUN
fbem-28715	59	12	looking	look	VERB
fbem-28715	59	13	for	for	ADP
fbem-28715	59	14	steady	steady	ADJ
fbem-28715	59	15	returns	return	NOUN
fbem-28715	59	16	.	.	PUNCT
fbem-28715	60	1	furthermore	furthermore	ADV
fbem-28715	60	2	,	,	PUNCT
fbem-28715	60	3	companies	company	NOUN
fbem-28715	60	4	that	that	PRON
fbem-28715	60	5	perform	perform	VERB
fbem-28715	60	6	excellent	excellent	ADJ
fbem-28715	60	7	in	in	ADP
fbem-28715	60	8	esg	esg	NOUN
fbem-28715	60	9	performance	performance	NOUN
fbem-28715	60	10	can	can	AUX
fbem-28715	60	11	attract	attract	VERB
fbem-28715	60	12	a	a	DET
fbem-28715	60	13	large	large	ADJ
fbem-28715	60	14	number	number	NOUN
fbem-28715	60	15	of	of	ADP
fbem-28715	60	16	investors	investor	NOUN
fbem-28715	60	17	due	due	ADP
fbem-28715	60	18	to	to	ADP
fbem-28715	60	19	better	well	ADJ
fbem-28715	60	20	access	access	NOUN
fbem-28715	60	21	to	to	ADP
fbem-28715	60	22	capital	capital	NOUN
fbem-28715	60	23	and	and	CCONJ
fbem-28715	60	24	lower	low	ADJ
fbem-28715	60	25	borrowing	borrowing	NOUN
fbem-28715	60	26	costs	cost	NOUN
fbem-28715	60	27	.	.	PUNCT
fbem-28715	61	1	according	accord	VERB
fbem-28715	61	2	to	to	ADP
fbem-28715	61	3	[	[	X
fbem-28715	61	4	16	16	NUM
fbem-28715	61	5	]	]	PUNCT
fbem-28715	61	6	,	,	PUNCT
fbem-28715	61	7	esg	esg	PROPN
fbem-28715	61	8	practices	practice	NOUN
fbem-28715	61	9	improve	improve	VERB
fbem-28715	61	10	the	the	DET
fbem-28715	61	11	company	company	NOUN
fbem-28715	61	12	’s	’s	PART
fbem-28715	61	13	reputation	reputation	NOUN
fbem-28715	61	14	which	which	PRON
fbem-28715	61	15	in	in	ADP
fbem-28715	61	16	turn	turn	NOUN
fbem-28715	61	17	attracts	attract	VERB
fbem-28715	61	18	a	a	DET
fbem-28715	61	19	pool	pool	NOUN
fbem-28715	61	20	of	of	ADP
fbem-28715	61	21	investors	investor	NOUN
fbem-28715	61	22	because	because	SCONJ
fbem-28715	61	23	most	most	ADJ
fbem-28715	61	24	investors	investor	NOUN
fbem-28715	61	25	value	value	VERB
fbem-28715	61	26	company	company	NOUN
fbem-28715	61	27	reputation	reputation	NOUN
fbem-28715	61	28	.	.	PUNCT
fbem-28715	62	1	moreover	moreover	ADV
fbem-28715	62	2	,	,	PUNCT
fbem-28715	62	3	businesses	business	NOUN
fbem-28715	62	4	that	that	PRON
fbem-28715	62	5	place	place	VERB
fbem-28715	62	6	a	a	DET
fbem-28715	62	7	high	high	ADJ
fbem-28715	62	8	priority	priority	NOUN
fbem-28715	62	9	on	on	ADP
fbem-28715	62	10	esg	esg	PROPN
fbem-28715	62	11	aspects	aspect	NOUN
fbem-28715	62	12	are	be	AUX
fbem-28715	62	13	frequently	frequently	ADV
fbem-28715	62	14	better	well	ADJ
fbem-28715	62	15	able	able	ADJ
fbem-28715	62	16	to	to	PART
fbem-28715	62	17	endure	endure	VERB
fbem-28715	62	18	and	and	CCONJ
fbem-28715	62	19	bounce	bounce	VERB
fbem-28715	62	20	back	back	ADV
fbem-28715	62	21	from	from	ADP
fbem-28715	62	22	a	a	DET
fbem-28715	62	23	variety	variety	NOUN
fbem-28715	62	24	of	of	ADP
fbem-28715	62	25	shocks	shock	NOUN
fbem-28715	62	26	,	,	PUNCT
fbem-28715	62	27	like	like	ADP
fbem-28715	62	28	natural	natural	ADJ
fbem-28715	62	29	disasters	disaster	NOUN
fbem-28715	62	30	,	,	PUNCT
fbem-28715	62	31	societal	societal	ADJ
fbem-28715	62	32	unrest	unrest	NOUN
fbem-28715	62	33	,	,	PUNCT
fbem-28715	62	34	or	or	CCONJ
fbem-28715	62	35	scandals	scandal	NOUN
fbem-28715	62	36	involving	involve	VERB
fbem-28715	62	37	the	the	DET
fbem-28715	62	38	administration	administration	NOUN
fbem-28715	62	39	of	of	ADP
fbem-28715	62	40	the	the	DET
fbem-28715	62	41	company	company	NOUN
fbem-28715	62	42	[	[	X
fbem-28715	62	43	1	1	NUM
fbem-28715	62	44	]	]	PUNCT
fbem-28715	62	45	.	.	PUNCT
fbem-28715	63	1	this	this	PRON
fbem-28715	63	2	will	will	AUX
fbem-28715	63	3	attract	attract	VERB
fbem-28715	63	4	investors	investor	NOUN
fbem-28715	63	5	because	because	SCONJ
fbem-28715	63	6	they	they	PRON
fbem-28715	63	7	would	would	AUX
fbem-28715	63	8	like	like	VERB
fbem-28715	63	9	to	to	PART
fbem-28715	63	10	invest	invest	VERB
fbem-28715	63	11	their	their	PRON
fbem-28715	63	12	funds	fund	NOUN
fbem-28715	63	13	in	in	ADP
fbem-28715	63	14	a	a	DET
fbem-28715	63	15	company	company	NOUN
fbem-28715	63	16	that	that	PRON
fbem-28715	63	17	is	be	AUX
fbem-28715	63	18	capable	capable	ADJ
fbem-28715	63	19	of	of	ADP
fbem-28715	63	20	handling	handle	VERB
fbem-28715	63	21	external	external	ADJ
fbem-28715	63	22	and	and	CCONJ
fbem-28715	63	23	internal	internal	ADJ
fbem-28715	63	24	forces	force	NOUN
fbem-28715	63	25	.	.	PUNCT
fbem-28715	64	1	some	some	PRON
fbem-28715	64	2	of	of	ADP
fbem-28715	64	3	the	the	DET
fbem-28715	64	4	existing	exist	VERB
fbem-28715	64	5	studies	study	NOUN
fbem-28715	64	6	which	which	PRON
fbem-28715	64	7	are	be	AUX
fbem-28715	64	8	already	already	ADV
fbem-28715	64	9	conducted	conduct	VERB
fbem-28715	64	10	by	by	ADP
fbem-28715	64	11	researchers	researcher	NOUN
fbem-28715	64	12	to	to	PART
fbem-28715	64	13	deal	deal	VERB
fbem-28715	64	14	with	with	ADP
fbem-28715	64	15	esg	esg	PROPN
fbem-28715	64	16	are	be	AUX
fbem-28715	64	17	to	to	PART
fbem-28715	64	18	do	do	VERB
fbem-28715	64	19	with	with	ADP
fbem-28715	64	20	profitability	profitability	NOUN
fbem-28715	64	21	,	,	PUNCT
fbem-28715	64	22	cost	cost	NOUN
fbem-28715	64	23	of	of	ADP
fbem-28715	64	24	debt	debt	NOUN
fbem-28715	64	25	,	,	PUNCT
fbem-28715	64	26	firm	firm	ADJ
fbem-28715	64	27	value	value	NOUN
fbem-28715	64	28	,	,	PUNCT
fbem-28715	64	29	cost	cost	NOUN
fbem-28715	64	30	of	of	ADP
fbem-28715	64	31	equity	equity	NOUN
fbem-28715	64	32	,	,	PUNCT
fbem-28715	64	33	customer	customer	NOUN
fbem-28715	64	34	brand	brand	NOUN
fbem-28715	64	35	choice	choice	NOUN
fbem-28715	64	36	and	and	CCONJ
fbem-28715	64	37	stock	stock	NOUN
fbem-28715	64	38	price	price	NOUN
fbem-28715	64	39	volatility	volatility	NOUN
fbem-28715	64	40	[	[	X
fbem-28715	64	41	3	3	NUM
fbem-28715	64	42	,	,	PUNCT
fbem-28715	64	43	18	18	NUM
fbem-28715	64	44	,	,	PUNCT
fbem-28715	64	45	19	19	NUM
fbem-28715	64	46	]	]	PUNCT
fbem-28715	64	47	.	.	PUNCT
fbem-28715	65	1	2.2	2.2	NUM
fbem-28715	65	2	.	.	PUNCT
fbem-28715	66	1	earnings	earning	NOUN
fbem-28715	66	2	volatility	volatility	NOUN
fbem-28715	66	3	one	one	NUM
fbem-28715	66	4	of	of	ADP
fbem-28715	66	5	the	the	DET
fbem-28715	66	6	main	main	ADJ
fbem-28715	66	7	factors	factor	NOUN
fbem-28715	66	8	determining	determine	VERB
fbem-28715	66	9	risk	risk	NOUN
fbem-28715	66	10	and	and	CCONJ
fbem-28715	66	11	the	the	DET
fbem-28715	66	12	subsequent	subsequent	ADJ
fbem-28715	66	13	market	market	NOUN
fbem-28715	66	14	price	price	NOUN
fbem-28715	66	15	of	of	ADP
fbem-28715	66	16	a	a	DET
fbem-28715	66	17	stock	stock	NOUN
fbem-28715	66	18	is	be	AUX
fbem-28715	66	19	earnings	earning	NOUN
fbem-28715	66	20	volatility	volatility	NOUN
fbem-28715	66	21	.	.	PUNCT
fbem-28715	67	1	it	it	PRON
fbem-28715	67	2	is	be	AUX
fbem-28715	67	3	referred	refer	VERB
fbem-28715	67	4	to	to	ADP
fbem-28715	67	5	the	the	DET
fbem-28715	67	6	degree	degree	NOUN
fbem-28715	67	7	to	to	PART
fbem-28715	67	8	which	which	PRON
fbem-28715	67	9	a	a	DET
fbem-28715	67	10	firm	firm	NOUN
fbem-28715	67	11	’s	’s	PART
fbem-28715	67	12	earnings	earning	NOUN
fbem-28715	67	13	fluctuate	fluctuate	NOUN
fbem-28715	67	14	over	over	ADP
fbem-28715	67	15	a	a	DET
fbem-28715	67	16	specific	specific	ADJ
fbem-28715	67	17	period	period	NOUN
fbem-28715	67	18	of	of	ADP
fbem-28715	67	19	time	time	NOUN
fbem-28715	67	20	.	.	PUNCT
fbem-28715	68	1	earnings	earning	NOUN
fbem-28715	68	2	volatility	volatility	NOUN
fbem-28715	68	3	measures	measure	VERB
fbem-28715	68	4	how	how	SCONJ
fbem-28715	68	5	a	a	DET
fbem-28715	68	6	company	company	NOUN
fbem-28715	68	7	's	's	PART
fbem-28715	68	8	profitability	profitability	NOUN
fbem-28715	68	9	varies	vary	VERB
fbem-28715	68	10	over	over	ADP
fbem-28715	68	11	time	time	NOUN
fbem-28715	68	12	[	[	X
fbem-28715	68	13	20	20	NUM
fbem-28715	68	14	]	]	PUNCT
fbem-28715	68	15	.	.	PUNCT
fbem-28715	69	1	a	a	DET
fbem-28715	69	2	company	company	NOUN
fbem-28715	69	3	’	'	PUNCT
fbem-28715	69	4	s	s	PART
fbem-28715	69	5	profit	profit	NOUN
fbem-28715	69	6	is	be	AUX
fbem-28715	69	7	frequently	frequently	ADV
fbem-28715	69	8	impacted	impact	VERB
fbem-28715	69	9	by	by	ADP
fbem-28715	69	10	a	a	DET
fbem-28715	69	11	range	range	NOUN
fbem-28715	69	12	of	of	ADP
fbem-28715	69	13	internal	internal	ADJ
fbem-28715	69	14	factors	factor	NOUN
fbem-28715	69	15	which	which	PRON
fbem-28715	69	16	includes	include	VERB
fbem-28715	69	17	:	:	PUNCT
fbem-28715	69	18	operational	operational	ADJ
fbem-28715	69	19	efficiency	efficiency	NOUN
fbem-28715	69	20	which	which	PRON
fbem-28715	69	21	talks	talk	VERB
fbem-28715	69	22	about	about	ADP
fbem-28715	69	23	companies	company	NOUN
fbem-28715	69	24	that	that	PRON
fbem-28715	69	25	have	have	VERB
fbem-28715	69	26	efficient	efficient	ADJ
fbem-28715	69	27	operational	operational	ADJ
fbem-28715	69	28	processes	process	NOUN
fbem-28715	69	29	and	and	CCONJ
fbem-28715	69	30	effective	effective	ADJ
fbem-28715	69	31	cost	cost	NOUN
fbem-28715	69	32	control	control	NOUN
fbem-28715	69	33	measures	measure	NOUN
fbem-28715	69	34	typically	typically	ADV
fbem-28715	69	35	have	have	AUX
fbem-28715	69	36	fewer	few	ADJ
fbem-28715	69	37	volatile	volatile	ADJ
fbem-28715	69	38	earnings	earning	NOUN
fbem-28715	69	39	than	than	ADP
fbem-28715	69	40	those	those	PRON
fbem-28715	69	41	that	that	PRON
fbem-28715	69	42	are	be	AUX
fbem-28715	69	43	experiencing	experience	VERB
fbem-28715	69	44	operational	operational	ADJ
fbem-28715	69	45	difficulties	difficulty	NOUN
fbem-28715	69	46	[	[	X
fbem-28715	69	47	21	21	NUM
fbem-28715	69	48	]	]	PUNCT
fbem-28715	69	49	.	.	PUNCT
fbem-28715	70	1	furthermore	furthermore	ADV
fbem-28715	70	2	,	,	PUNCT
fbem-28715	70	3	financial	financial	ADJ
fbem-28715	70	4	leverage	leverage	NOUN
fbem-28715	70	5	is	be	AUX
fbem-28715	70	6	the	the	DET
fbem-28715	70	7	degree	degree	NOUN
fbem-28715	70	8	to	to	PART
fbem-28715	70	9	which	which	PRON
fbem-28715	70	10	a	a	DET
fbem-28715	70	11	business	business	NOUN
fbem-28715	70	12	depends	depend	VERB
fbem-28715	70	13	on	on	ADP
fbem-28715	70	14	debt	debt	NOUN
fbem-28715	70	15	financing	financing	NOUN
fbem-28715	70	16	that	that	PRON
fbem-28715	70	17	may	may	AUX
fbem-28715	70	18	have	have	VERB
fbem-28715	70	19	an	an	DET
fbem-28715	70	20	effect	effect	NOUN
fbem-28715	70	21	on	on	ADP
fbem-28715	70	22	the	the	DET
fbem-28715	70	23	volatility	volatility	NOUN
fbem-28715	70	24	of	of	ADP
fbem-28715	70	25	its	its	PRON
fbem-28715	70	26	earnings	earning	NOUN
fbem-28715	70	27	.	.	PUNCT
fbem-28715	71	1	the	the	DET
fbem-28715	71	2	fluctuation	fluctuation	NOUN
fbem-28715	71	3	of	of	ADP
fbem-28715	71	4	earnings	earning	NOUN
fbem-28715	71	5	is	be	AUX
fbem-28715	71	6	usually	usually	ADV
fbem-28715	71	7	increased	increase	VERB
fbem-28715	71	8	by	by	ADP
fbem-28715	71	9	higher	high	ADJ
fbem-28715	71	10	leverage	leverage	NOUN
fbem-28715	71	11	ratios	ratio	NOUN
fbem-28715	71	12	because	because	SCONJ
fbem-28715	71	13	of	of	ADP
fbem-28715	71	14	interest	interest	NOUN
fbem-28715	71	15	costs	cost	NOUN
fbem-28715	71	16	and	and	CCONJ
fbem-28715	71	17	debt	debt	NOUN
fbem-28715	71	18	servicing	servicing	NOUN
fbem-28715	71	19	requirements	requirement	NOUN
fbem-28715	71	20	[	[	X
fbem-28715	71	21	22	22	NUM
fbem-28715	71	22	]	]	PUNCT
fbem-28715	71	23	.	.	PUNCT
fbem-28715	72	1	market	market	NOUN
fbem-28715	72	2	condition	condition	NOUN
fbem-28715	72	3	is	be	AUX
fbem-28715	72	4	the	the	DET
fbem-28715	72	5	rapid	rapid	ADJ
fbem-28715	72	6	changes	change	NOUN
fbem-28715	72	7	in	in	ADP
fbem-28715	72	8	the	the	DET
fbem-28715	72	9	competitive	competitive	ADJ
fbem-28715	72	10	environment	environment	NOUN
fbem-28715	72	11	,	,	PUNCT
fbem-28715	72	12	market	market	NOUN
fbem-28715	72	13	trends	trend	NOUN
fbem-28715	72	14	,	,	PUNCT
fbem-28715	72	15	disruptive	disruptive	ADJ
fbem-28715	72	16	inventions	invention	NOUN
fbem-28715	72	17	,	,	PUNCT
fbem-28715	72	18	or	or	CCONJ
fbem-28715	72	19	other	other	ADJ
fbem-28715	72	20	industry	industry	NOUN
fbem-28715	72	21	dynamics	dynamic	NOUN
fbem-28715	72	22	that	that	PRON
fbem-28715	72	23	can	can	AUX
fbem-28715	72	24	cause	cause	VERB
fbem-28715	72	25	a	a	DET
fbem-28715	72	26	company	company	NOUN
fbem-28715	72	27	's	's	PART
fbem-28715	72	28	profitability	profitability	NOUN
fbem-28715	72	29	to	to	PART
fbem-28715	72	30	become	become	VERB
fbem-28715	72	31	unpredictable	unpredictable	ADJ
fbem-28715	72	32	and	and	CCONJ
fbem-28715	72	33	volatile	volatile	ADJ
fbem-28715	72	34	.	.	PUNCT
fbem-28715	73	1	this	this	PRON
fbem-28715	73	2	is	be	AUX
fbem-28715	73	3	an	an	DET
fbem-28715	73	4	external	external	ADJ
fbem-28715	73	5	factor	factor	NOUN
fbem-28715	73	6	that	that	PRON
fbem-28715	73	7	can	can	AUX
fbem-28715	73	8	cause	cause	VERB
fbem-28715	73	9	earnings	earning	NOUN
fbem-28715	73	10	volatility	volatility	NOUN
fbem-28715	73	11	in	in	ADP
fbem-28715	73	12	a	a	DET
fbem-28715	73	13	firm	firm	NOUN
fbem-28715	73	14	.	.	PUNCT
fbem-28715	74	1	it	it	PRON
fbem-28715	74	2	is	be	AUX
fbem-28715	74	3	said	say	VERB
fbem-28715	74	4	that	that	SCONJ
fbem-28715	74	5	if	if	SCONJ
fbem-28715	74	6	earnings	earning	NOUN
fbem-28715	74	7	volatility	volatility	NOUN
fbem-28715	74	8	increases	increase	NOUN
fbem-28715	74	9	,	,	PUNCT
fbem-28715	74	10	it	it	PRON
fbem-28715	74	11	is	be	AUX
fbem-28715	74	12	so	so	ADV
fbem-28715	74	13	hard	hard	ADJ
fbem-28715	74	14	to	to	PART
fbem-28715	74	15	predict	predict	VERB
fbem-28715	74	16	the	the	DET
fbem-28715	74	17	earnings	earning	NOUN
fbem-28715	74	18	of	of	ADP
fbem-28715	74	19	a	a	DET
fbem-28715	74	20	company	company	NOUN
fbem-28715	74	21	[	[	X
fbem-28715	74	22	23	23	NUM
fbem-28715	74	23	]	]	PUNCT
fbem-28715	74	24	.	.	PUNCT
fbem-28715	75	1	earnings	earning	NOUN
fbem-28715	75	2	volatility	volatility	NOUN
fbem-28715	75	3	is	be	AUX
fbem-28715	75	4	a	a	DET
fbem-28715	75	5	crucial	crucial	ADJ
fbem-28715	75	6	financial	financial	ADJ
fbem-28715	75	7	performance	performance	NOUN
fbem-28715	75	8	that	that	PRON
fbem-28715	75	9	needs	need	VERB
fbem-28715	75	10	to	to	PART
fbem-28715	75	11	be	be	AUX
fbem-28715	75	12	studied	study	VERB
fbem-28715	75	13	because	because	SCONJ
fbem-28715	75	14	investors	investor	NOUN
fbem-28715	75	15	,	,	PUNCT
fbem-28715	75	16	analysts	analyst	NOUN
fbem-28715	75	17	and	and	CCONJ
fbem-28715	75	18	other	other	ADJ
fbem-28715	75	19	stakeholders	stakeholder	NOUN
fbem-28715	75	20	consider	consider	VERB
fbem-28715	75	21	when	when	SCONJ
fbem-28715	75	22	making	make	VERB
fbem-28715	75	23	investment	investment	NOUN
fbem-28715	75	24	decisions	decision	NOUN
fbem-28715	75	25	[	[	X
fbem-28715	75	26	24	24	NUM
fbem-28715	75	27	]	]	PUNCT
fbem-28715	75	28	.	.	PUNCT
fbem-28715	76	1	investors	investor	NOUN
fbem-28715	76	2	who	who	PRON
fbem-28715	76	3	are	be	AUX
fbem-28715	76	4	risk	risk	NOUN
fbem-28715	76	5	averse	averse	ADJ
fbem-28715	76	6	would	would	AUX
fbem-28715	76	7	consider	consider	VERB
fbem-28715	76	8	to	to	PART
fbem-28715	76	9	invest	invest	VERB
fbem-28715	76	10	in	in	ADP
fbem-28715	76	11	companies	company	NOUN
fbem-28715	76	12	with	with	ADP
fbem-28715	76	13	lower	low	ADJ
fbem-28715	76	14	earnings	earning	NOUN
fbem-28715	76	15	volatility	volatility	NOUN
fbem-28715	76	16	because	because	SCONJ
fbem-28715	76	17	it	it	PRON
fbem-28715	76	18	was	be	AUX
fbem-28715	76	19	found	find	VERB
fbem-28715	76	20	that	that	SCONJ
fbem-28715	76	21	higher	high	ADJ
fbem-28715	76	22	earnings	earning	NOUN
fbem-28715	76	23	volatility	volatility	NOUN
fbem-28715	76	24	are	be	AUX
fbem-28715	76	25	riskier	risky	ADJ
fbem-28715	76	26	and	and	CCONJ
fbem-28715	76	27	they	they	PRON
fbem-28715	76	28	lower	lower	VERB
fbem-28715	76	29	market	market	NOUN
fbem-28715	76	30	values	value	NOUN
fbem-28715	77	1	[	[	X
fbem-28715	77	2	25	25	NUM
fbem-28715	77	3	]	]	PUNCT
fbem-28715	77	4	.	.	PUNCT
fbem-28715	78	1	they	they	PRON
fbem-28715	78	2	also	also	ADV
fbem-28715	78	3	lead	lead	VERB
fbem-28715	78	4	to	to	ADP
fbem-28715	78	5	financial	financial	ADJ
fbem-28715	78	6	distress	distress	NOUN
fbem-28715	78	7	of	of	ADP
fbem-28715	78	8	a	a	DET
fbem-28715	78	9	company	company	NOUN
fbem-28715	78	10	that	that	PRON
fbem-28715	78	11	may	may	AUX
fbem-28715	78	12	lead	lead	VERB
fbem-28715	78	13	to	to	ADP
fbem-28715	78	14	financial	financial	ADJ
fbem-28715	78	15	bankruptcy	bankruptcy	NOUN
fbem-28715	78	16	.	.	PUNCT
fbem-28715	79	1	higher	high	ADJ
fbem-28715	79	2	earnings	earning	NOUN
fbem-28715	79	3	volatility	volatility	NOUN
fbem-28715	79	4	makes	make	VERB
fbem-28715	79	5	it	it	PRON
fbem-28715	79	6	hard	hard	ADJ
fbem-28715	79	7	for	for	SCONJ
fbem-28715	79	8	a	a	DET
fbem-28715	79	9	corporation	corporation	NOUN
fbem-28715	79	10	to	to	PART
fbem-28715	79	11	borrow	borrow	VERB
fbem-28715	79	12	funds	fund	NOUN
fbem-28715	79	13	from	from	ADP
fbem-28715	79	14	any	any	DET
fbem-28715	79	15	other	other	ADJ
fbem-28715	79	16	lenders	lender	NOUN
fbem-28715	79	17	.	.	PUNCT
fbem-28715	80	1	financial	financial	ADJ
fbem-28715	80	2	bankruptcy	bankruptcy	NOUN
fbem-28715	80	3	is	be	AUX
fbem-28715	80	4	when	when	SCONJ
fbem-28715	80	5	a	a	DET
fbem-28715	80	6	business	business	NOUN
fbem-28715	80	7	declines	decline	VERB
fbem-28715	80	8	in	in	ADP
fbem-28715	80	9	financial	financial	ADJ
fbem-28715	80	10	conditions	condition	NOUN
fbem-28715	80	11	or	or	CCONJ
fbem-28715	80	12	fails	fail	VERB
fbem-28715	80	13	to	to	PART
fbem-28715	80	14	pay	pay	VERB
fbem-28715	80	15	its	its	PRON
fbem-28715	80	16	debt	debt	NOUN
fbem-28715	80	17	or	or	CCONJ
fbem-28715	80	18	meet	meet	VERB
fbem-28715	80	19	its	its	PRON
fbem-28715	80	20	obligations	obligation	NOUN
fbem-28715	80	21	to	to	ADP
fbem-28715	80	22	its	its	PRON
fbem-28715	80	23	creditors[26	creditors[26	NOUN
fbem-28715	80	24	]	]	PUNCT
fbem-28715	80	25	.	.	PUNCT
fbem-28715	81	1	earnings	earning	NOUN
fbem-28715	81	2	volatility	volatility	NOUN
fbem-28715	81	3	is	be	AUX
fbem-28715	81	4	an	an	DET
fbem-28715	81	5	important	important	ADJ
fbem-28715	81	6	financial	financial	ADJ
fbem-28715	81	7	aspect	aspect	NOUN
fbem-28715	81	8	as	as	SCONJ
fbem-28715	81	9	mentioned	mention	VERB
fbem-28715	81	10	before	before	ADV
fbem-28715	81	11	that	that	PRON
fbem-28715	81	12	has	have	AUX
fbem-28715	81	13	attracted	attract	VERB
fbem-28715	81	14	many	many	ADJ
fbem-28715	81	15	scholars	scholar	NOUN
fbem-28715	81	16	to	to	PART
fbem-28715	81	17	research	research	VERB
fbem-28715	81	18	about	about	ADP
fbem-28715	81	19	it	it	PRON
fbem-28715	81	20	,	,	PUNCT
fbem-28715	81	21	in	in	ADP
fbem-28715	81	22	recent	recent	ADJ
fbem-28715	81	23	years	year	NOUN
fbem-28715	81	24	.	.	PUNCT
fbem-28715	82	1	some	some	PRON
fbem-28715	82	2	of	of	ADP
fbem-28715	82	3	the	the	DET
fbem-28715	82	4	studies	study	NOUN
fbem-28715	82	5	include	include	VERB
fbem-28715	82	6	earnings	earning	NOUN
fbem-28715	82	7	autocorrelation	autocorrelation	NOUN
fbem-28715	82	8	,	,	PUNCT
fbem-28715	82	9	earnings	earning	NOUN
fbem-28715	82	10	volatility	volatility	NOUN
fbem-28715	82	11	,	,	PUNCT
fbem-28715	82	12	and	and	CCONJ
fbem-28715	82	13	audit	audit	NOUN
fbem-28715	82	14	fees	fee	NOUN
fbem-28715	82	15	[	[	X
fbem-28715	82	16	23	23	NUM
fbem-28715	82	17	]	]	PUNCT
fbem-28715	82	18	which	which	PRON
fbem-28715	82	19	states	state	VERB
fbem-28715	82	20	that	that	SCONJ
fbem-28715	82	21	there	there	PRON
fbem-28715	82	22	is	be	VERB
fbem-28715	82	23	a	a	DET
fbem-28715	82	24	positive	positive	ADJ
fbem-28715	82	25	association	association	NOUN
fbem-28715	82	26	between	between	ADP
fbem-28715	82	27	earnings	earning	NOUN
fbem-28715	82	28	volatility	volatility	NOUN
fbem-28715	82	29	and	and	CCONJ
fbem-28715	82	30	audit	audit	NOUN
fbem-28715	82	31	fees	fee	NOUN
fbem-28715	82	32	.	.	PUNCT
fbem-28715	83	1	[	[	X
fbem-28715	83	2	27	27	NUM
fbem-28715	83	3	]	]	PUNCT
fbem-28715	83	4	found	find	VERB
fbem-28715	83	5	that	that	SCONJ
fbem-28715	83	6	there	there	PRON
fbem-28715	83	7	is	be	VERB
fbem-28715	83	8	a	a	DET
fbem-28715	83	9	negative	negative	ADJ
fbem-28715	83	10	relationship	relationship	NOUN
fbem-28715	83	11	between	between	ADP
fbem-28715	83	12	risk	risk	NOUN
fbem-28715	83	13	aversion	aversion	NOUN
fbem-28715	83	14	and	and	CCONJ
fbem-28715	83	15	earnings	earning	NOUN
fbem-28715	83	16	volatility	volatility	NOUN
fbem-28715	83	17	on	on	ADP
fbem-28715	83	18	ceo	ceo	NOUN
fbem-28715	83	19	risk	risk	NOUN
fbem-28715	83	20	aversion	aversion	NOUN
fbem-28715	83	21	and	and	CCONJ
fbem-28715	83	22	earnings	earning	NOUN
fbem-28715	83	23	volatility	volatility	NOUN
fbem-28715	83	24	analysis	analysis	NOUN
fbem-28715	83	25	.	.	PUNCT
fbem-28715	84	1	a	a	DET
fbem-28715	84	2	significant	significant	ADJ
fbem-28715	84	3	negative	negative	ADJ
fbem-28715	84	4	relationship	relationship	NOUN
fbem-28715	84	5	between	between	ADP
fbem-28715	84	6	crisis	crisis	NOUN
fbem-28715	84	7	period	period	NOUN
fbem-28715	84	8	stock	stock	NOUN
fbem-28715	84	9	returns	return	NOUN
fbem-28715	84	10	and	and	CCONJ
fbem-28715	84	11	prior	prior	ADJ
fbem-28715	84	12	earnings	earning	NOUN
fbem-28715	84	13	volatility	volatility	NOUN
fbem-28715	84	14	was	be	AUX
fbem-28715	84	15	discovered	discover	VERB
fbem-28715	84	16	according	accord	VERB
fbem-28715	84	17	to	to	ADP
fbem-28715	84	18	[	[	X
fbem-28715	84	19	28	28	NUM
fbem-28715	84	20	]	]	PUNCT
fbem-28715	84	21	.	.	PUNCT
fbem-28715	85	1	last	last	ADJ
fbem-28715	85	2	but	but	CCONJ
fbem-28715	85	3	not	not	PART
fbem-28715	85	4	least	least	ADJ
fbem-28715	85	5	earnings	earning	NOUN
fbem-28715	85	6	volatility	volatility	NOUN
fbem-28715	85	7	is	be	AUX
fbem-28715	85	8	positively	positively	ADV
fbem-28715	85	9	related	relate	VERB
fbem-28715	85	10	to	to	ADP
fbem-28715	85	11	earnings	earning	NOUN
fbem-28715	85	12	management	management	NOUN
fbem-28715	85	13	in	in	ADP
fbem-28715	85	14	the	the	DET
fbem-28715	85	15	sense	sense	NOUN
fbem-28715	85	16	that	that	SCONJ
fbem-28715	85	17	as	as	SCONJ
fbem-28715	85	18	the	the	DET
fbem-28715	85	19	firm	firm	NOUN
fbem-28715	85	20	’s	’s	PART
fbem-28715	85	21	earnings	earning	NOUN
fbem-28715	85	22	become	become	VERB
fbem-28715	85	23	more	more	ADV
fbem-28715	85	24	volatile	volatile	ADJ
fbem-28715	85	25	,	,	PUNCT
fbem-28715	85	26	the	the	DET
fbem-28715	85	27	level	level	NOUN
fbem-28715	85	28	of	of	ADP
fbem-28715	85	29	earnings	earning	NOUN
fbem-28715	85	30	management	management	NOUN
fbem-28715	85	31	increases	increase	VERB
fbem-28715	85	32	[	[	X
fbem-28715	85	33	29	29	NUM
fbem-28715	85	34	]	]	PUNCT
fbem-28715	85	35	.	.	PUNCT
fbem-28715	86	1	479	479	NUM
fbem-28715	86	2	2.3	2.3	NUM
fbem-28715	86	3	.	.	PUNCT
fbem-28715	87	1	financial	financial	ADJ
fbem-28715	87	2	constraints	constraint	NOUN
fbem-28715	87	3	according	accord	VERB
fbem-28715	87	4	to	to	ADP
fbem-28715	87	5	the	the	DET
fbem-28715	87	6	resource	resource	NOUN
fbem-28715	87	7	dependency	dependency	NOUN
fbem-28715	87	8	theory	theory	NOUN
fbem-28715	87	9	by	by	ADP
fbem-28715	87	10	[	[	PUNCT
fbem-28715	87	11	30	30	NUM
fbem-28715	87	12	]	]	PUNCT
fbem-28715	87	13	firms	firm	NOUN
fbem-28715	87	14	depend	depend	VERB
fbem-28715	87	15	on	on	ADP
fbem-28715	87	16	external	external	ADJ
fbem-28715	87	17	resources	resource	NOUN
fbem-28715	87	18	to	to	PART
fbem-28715	87	19	survive	survive	VERB
fbem-28715	87	20	and	and	CCONJ
fbem-28715	87	21	thrive	thrive	VERB
fbem-28715	87	22	.	.	PUNCT
fbem-28715	88	1	resources	resource	NOUN
fbem-28715	88	2	include	include	VERB
fbem-28715	88	3	but	but	CCONJ
fbem-28715	88	4	are	be	AUX
fbem-28715	88	5	not	not	PART
fbem-28715	88	6	limited	limit	VERB
fbem-28715	88	7	to	to	ADP
fbem-28715	88	8	financial	financial	ADJ
fbem-28715	88	9	,	,	PUNCT
fbem-28715	88	10	technology	technology	NOUN
fbem-28715	88	11	,	,	PUNCT
fbem-28715	88	12	raw	raw	ADJ
fbem-28715	88	13	materials	material	NOUN
fbem-28715	88	14	,	,	PUNCT
fbem-28715	88	15	customers	customer	NOUN
fbem-28715	88	16	and	and	CCONJ
fbem-28715	88	17	many	many	ADJ
fbem-28715	88	18	others	other	NOUN
fbem-28715	88	19	.	.	PUNCT
fbem-28715	89	1	however	however	ADV
fbem-28715	89	2	,	,	PUNCT
fbem-28715	89	3	financial	financial	ADJ
fbem-28715	89	4	resources	resource	NOUN
fbem-28715	89	5	are	be	AUX
fbem-28715	89	6	an	an	DET
fbem-28715	89	7	important	important	ADJ
fbem-28715	89	8	asset	asset	NOUN
fbem-28715	89	9	in	in	ADP
fbem-28715	89	10	the	the	DET
fbem-28715	89	11	day	day	NOUN
fbem-28715	89	12	to	to	ADP
fbem-28715	89	13	day	day	NOUN
fbem-28715	89	14	operations	operation	NOUN
fbem-28715	89	15	of	of	ADP
fbem-28715	89	16	the	the	DET
fbem-28715	89	17	business	business	NOUN
fbem-28715	89	18	,	,	PUNCT
fbem-28715	89	19	meaning	meaning	NOUN
fbem-28715	89	20	,	,	PUNCT
fbem-28715	89	21	lacking	lack	VERB
fbem-28715	89	22	access	access	NOUN
fbem-28715	89	23	to	to	ADP
fbem-28715	89	24	these	these	DET
fbem-28715	89	25	resources	resource	NOUN
fbem-28715	89	26	can	can	AUX
fbem-28715	89	27	be	be	AUX
fbem-28715	89	28	detrimental	detrimental	ADJ
fbem-28715	89	29	.	.	PUNCT
fbem-28715	90	1	in	in	ADP
fbem-28715	90	2	recent	recent	ADJ
fbem-28715	90	3	years	year	NOUN
fbem-28715	90	4	,	,	PUNCT
fbem-28715	90	5	researchers	researcher	NOUN
fbem-28715	90	6	have	have	AUX
fbem-28715	90	7	looked	look	VERB
fbem-28715	90	8	into	into	ADP
fbem-28715	90	9	finding	find	VERB
fbem-28715	90	10	more	more	ADJ
fbem-28715	90	11	about	about	ADP
fbem-28715	90	12	financial	financial	ADJ
fbem-28715	90	13	constraints	constraint	NOUN
fbem-28715	90	14	.	.	PUNCT
fbem-28715	91	1	most	most	ADJ
fbem-28715	91	2	if	if	SCONJ
fbem-28715	91	3	not	not	PART
fbem-28715	91	4	all	all	DET
fbem-28715	91	5	companies	company	NOUN
fbem-28715	91	6	in	in	ADP
fbem-28715	91	7	various	various	ADJ
fbem-28715	91	8	countries	country	NOUN
fbem-28715	91	9	have	have	AUX
fbem-28715	91	10	at	at	ADP
fbem-28715	91	11	some	some	DET
fbem-28715	91	12	point	point	NOUN
fbem-28715	91	13	in	in	ADP
fbem-28715	91	14	their	their	PRON
fbem-28715	91	15	operations	operation	NOUN
fbem-28715	91	16	faced	face	VERB
fbem-28715	91	17	financial	financial	ADJ
fbem-28715	91	18	constraints	constraint	NOUN
fbem-28715	91	19	(	(	PUNCT
fbem-28715	91	20	kim	kim	PROPN
fbem-28715	91	21	,	,	PUNCT
fbem-28715	91	22	minjung	minjung	PROPN
fbem-28715	91	23	)	)	PUNCT
fbem-28715	91	24	.	.	PUNCT
fbem-28715	92	1	financial	financial	ADJ
fbem-28715	92	2	constraints	constraint	NOUN
fbem-28715	92	3	refer	refer	VERB
fbem-28715	92	4	to	to	ADP
fbem-28715	92	5	the	the	DET
fbem-28715	92	6	difficulties	difficulty	NOUN
fbem-28715	92	7	or	or	CCONJ
fbem-28715	92	8	restrictions	restriction	NOUN
fbem-28715	92	9	in	in	ADP
fbem-28715	92	10	obtaining	obtain	VERB
fbem-28715	92	11	external	external	ADJ
fbem-28715	92	12	financing	financing	NOUN
fbem-28715	92	13	.	.	PUNCT
fbem-28715	93	1	these	these	DET
fbem-28715	93	2	restrictions	restriction	NOUN
fbem-28715	93	3	to	to	PART
fbem-28715	93	4	access	access	VERB
fbem-28715	93	5	financial	financial	ADJ
fbem-28715	93	6	resources	resource	NOUN
fbem-28715	93	7	are	be	AUX
fbem-28715	93	8	caused	cause	VERB
fbem-28715	93	9	by	by	ADP
fbem-28715	93	10	various	various	ADJ
fbem-28715	93	11	factors	factor	NOUN
fbem-28715	93	12	which	which	PRON
fbem-28715	93	13	include	include	VERB
fbem-28715	93	14	firm	firm	ADJ
fbem-28715	93	15	size	size	NOUN
fbem-28715	93	16	,	,	PUNCT
fbem-28715	93	17	lack	lack	NOUN
fbem-28715	93	18	of	of	ADP
fbem-28715	93	19	collateral	collateral	NOUN
fbem-28715	93	20	or	or	CCONJ
fbem-28715	93	21	sufficient	sufficient	ADJ
fbem-28715	93	22	internal	internal	ADJ
fbem-28715	93	23	funds	fund	NOUN
fbem-28715	93	24	,	,	PUNCT
fbem-28715	93	25	information	information	NOUN
fbem-28715	93	26	asymmetry	asymmetry	NOUN
fbem-28715	93	27	and	and	CCONJ
fbem-28715	93	28	profitability	profitability	NOUN
fbem-28715	93	29	[	[	X
fbem-28715	93	30	31	31	NUM
fbem-28715	93	31	,	,	PUNCT
fbem-28715	93	32	32	32	NUM
fbem-28715	93	33	]	]	PUNCT
fbem-28715	93	34	.	.	PUNCT
fbem-28715	94	1	small	small	ADJ
fbem-28715	94	2	and	and	CCONJ
fbem-28715	94	3	emerging	emerge	VERB
fbem-28715	94	4	enterprises	enterprise	NOUN
fbem-28715	94	5	face	face	VERB
fbem-28715	94	6	financial	financial	ADJ
fbem-28715	94	7	constraint	constraint	NOUN
fbem-28715	94	8	due	due	ADP
fbem-28715	94	9	to	to	ADP
fbem-28715	94	10	limited	limited	ADJ
fbem-28715	94	11	access	access	NOUN
fbem-28715	94	12	to	to	ADP
fbem-28715	94	13	capital	capital	NOUN
fbem-28715	94	14	because	because	SCONJ
fbem-28715	94	15	of	of	ADP
fbem-28715	94	16	their	their	PRON
fbem-28715	94	17	size	size	NOUN
fbem-28715	94	18	than	than	ADP
fbem-28715	94	19	larger	large	ADJ
fbem-28715	94	20	and	and	CCONJ
fbem-28715	94	21	established	establish	VERB
fbem-28715	94	22	firms	firm	NOUN
fbem-28715	94	23	.	.	PUNCT
fbem-28715	95	1	small	small	ADJ
fbem-28715	95	2	and	and	CCONJ
fbem-28715	95	3	emerging	emerge	VERB
fbem-28715	95	4	firms	firm	NOUN
fbem-28715	95	5	are	be	AUX
fbem-28715	95	6	riskier	risky	ADJ
fbem-28715	95	7	to	to	PART
fbem-28715	95	8	invest	invest	VERB
fbem-28715	95	9	into	into	ADP
fbem-28715	95	10	than	than	ADP
fbem-28715	95	11	large	large	ADJ
fbem-28715	95	12	and	and	CCONJ
fbem-28715	95	13	established	establish	VERB
fbem-28715	95	14	firms	firm	NOUN
fbem-28715	95	15	which	which	PRON
fbem-28715	95	16	have	have	VERB
fbem-28715	95	17	a	a	DET
fbem-28715	95	18	track	track	NOUN
fbem-28715	95	19	record	record	NOUN
fbem-28715	95	20	or	or	CCONJ
fbem-28715	95	21	history	history	NOUN
fbem-28715	95	22	that	that	PRON
fbem-28715	95	23	investors	investor	NOUN
fbem-28715	95	24	can	can	AUX
fbem-28715	95	25	look	look	VERB
fbem-28715	95	26	into	into	ADP
fbem-28715	95	27	before	before	ADP
fbem-28715	95	28	deciding	decide	VERB
fbem-28715	95	29	to	to	PART
fbem-28715	95	30	invest	invest	VERB
fbem-28715	95	31	(	(	PUNCT
fbem-28715	95	32	bakhtiari	bakhtiari	ADJ
fbem-28715	95	33	,	,	PUNCT
fbem-28715	95	34	sasan	sasan	PROPN
fbem-28715	95	35	)	)	PUNCT
fbem-28715	95	36	.	.	PUNCT
fbem-28715	96	1	additionally	additionally	ADV
fbem-28715	96	2	,	,	PUNCT
fbem-28715	96	3	lack	lack	NOUN
fbem-28715	96	4	of	of	ADP
fbem-28715	96	5	collateral	collateral	NOUN
fbem-28715	96	6	or	or	CCONJ
fbem-28715	96	7	sufficient	sufficient	ADJ
fbem-28715	96	8	internal	internal	ADJ
fbem-28715	96	9	funds	fund	NOUN
fbem-28715	96	10	to	to	PART
fbem-28715	96	11	present	present	VERB
fbem-28715	96	12	to	to	ADP
fbem-28715	96	13	the	the	DET
fbem-28715	96	14	lenders	lender	NOUN
fbem-28715	96	15	and	and	CCONJ
fbem-28715	96	16	investors	investor	NOUN
fbem-28715	96	17	to	to	PART
fbem-28715	96	18	guarantee	guarantee	VERB
fbem-28715	96	19	the	the	DET
fbem-28715	96	20	safety	safety	NOUN
fbem-28715	96	21	for	for	ADP
fbem-28715	96	22	investing	invest	VERB
fbem-28715	96	23	in	in	ADP
fbem-28715	96	24	the	the	DET
fbem-28715	96	25	enterprise	enterprise	NOUN
fbem-28715	96	26	is	be	AUX
fbem-28715	96	27	another	another	DET
fbem-28715	96	28	determinant	determinant	ADJ
fbem-28715	96	29	for	for	ADP
fbem-28715	96	30	financial	financial	ADJ
fbem-28715	96	31	constraints	constraint	NOUN
fbem-28715	96	32	.	.	PUNCT
fbem-28715	97	1	without	without	ADP
fbem-28715	97	2	collateral	collateral	NOUN
fbem-28715	97	3	or	or	CCONJ
fbem-28715	97	4	viable	viable	ADJ
fbem-28715	97	5	cashflows	cashflow	NOUN
fbem-28715	97	6	it	it	PRON
fbem-28715	97	7	is	be	AUX
fbem-28715	97	8	impossible	impossible	ADJ
fbem-28715	97	9	for	for	SCONJ
fbem-28715	97	10	enterprises	enterprise	NOUN
fbem-28715	97	11	to	to	PART
fbem-28715	97	12	have	have	VERB
fbem-28715	97	13	access	access	NOUN
fbem-28715	97	14	to	to	ADP
fbem-28715	97	15	financial	financial	ADJ
fbem-28715	97	16	resources	resource	NOUN
fbem-28715	97	17	[	[	X
fbem-28715	97	18	32	32	NUM
fbem-28715	97	19	]	]	PUNCT
fbem-28715	97	20	.	.	PUNCT
fbem-28715	98	1	2.4	2.4	NUM
fbem-28715	98	2	.	.	PUNCT
fbem-28715	98	3	supply	supply	NOUN
fbem-28715	98	4	chain	chain	NOUN
fbem-28715	98	5	concentration	concentration	NOUN
fbem-28715	98	6	supply	supply	NOUN
fbem-28715	98	7	chain	chain	NOUN
fbem-28715	98	8	has	have	AUX
fbem-28715	98	9	garnered	garner	VERB
fbem-28715	98	10	significant	significant	ADJ
fbem-28715	98	11	attention	attention	NOUN
fbem-28715	98	12	from	from	ADP
fbem-28715	98	13	various	various	ADJ
fbem-28715	98	14	scholars	scholar	NOUN
fbem-28715	98	15	due	due	ADP
fbem-28715	98	16	to	to	ADP
fbem-28715	98	17	the	the	DET
fbem-28715	98	18	supply	supply	NOUN
fbem-28715	98	19	chain	chain	NOUN
fbem-28715	98	20	resilience	resilience	NOUN
fbem-28715	98	21	,	,	PUNCT
fbem-28715	98	22	sustainability	sustainability	NOUN
fbem-28715	98	23	and	and	CCONJ
fbem-28715	98	24	competitiveness	competitiveness	NOUN
fbem-28715	98	25	[	[	X
fbem-28715	98	26	33	33	NUM
fbem-28715	98	27	]	]	PUNCT
fbem-28715	98	28	.	.	PUNCT
fbem-28715	99	1	it	it	PRON
fbem-28715	99	2	is	be	AUX
fbem-28715	99	3	defined	define	VERB
fbem-28715	99	4	as	as	ADP
fbem-28715	99	5	the	the	DET
fbem-28715	99	6	degree	degree	NOUN
fbem-28715	99	7	to	to	PART
fbem-28715	99	8	which	which	PRON
fbem-28715	99	9	the	the	DET
fbem-28715	99	10	chain	chain	NOUN
fbem-28715	99	11	of	of	ADP
fbem-28715	99	12	supply	supply	NOUN
fbem-28715	99	13	is	be	AUX
fbem-28715	99	14	dominated	dominate	VERB
fbem-28715	99	15	by	by	ADP
fbem-28715	99	16	several	several	ADJ
fbem-28715	99	17	numerous	numerous	ADJ
fbem-28715	99	18	companies	company	NOUN
fbem-28715	99	19	or	or	CCONJ
fbem-28715	99	20	depends	depend	VERB
fbem-28715	99	21	on	on	ADP
fbem-28715	99	22	limited	limited	ADJ
fbem-28715	99	23	sources	source	NOUN
fbem-28715	99	24	for	for	ADP
fbem-28715	99	25	materials	material	NOUN
fbem-28715	99	26	or	or	CCONJ
fbem-28715	99	27	services	service	NOUN
fbem-28715	99	28	[	[	X
fbem-28715	99	29	34	34	NUM
fbem-28715	99	30	]	]	PUNCT
fbem-28715	99	31	.	.	PUNCT
fbem-28715	100	1	supply	supply	NOUN
fbem-28715	100	2	chain	chain	NOUN
fbem-28715	100	3	concentration	concentration	NOUN
fbem-28715	100	4	plays	play	VERB
fbem-28715	100	5	a	a	DET
fbem-28715	100	6	pivotal	pivotal	ADJ
fbem-28715	100	7	role	role	NOUN
fbem-28715	100	8	in	in	ADP
fbem-28715	100	9	a	a	DET
fbem-28715	100	10	firm	firm	NOUN
fbem-28715	100	11	,	,	PUNCT
fbem-28715	100	12	which	which	PRON
fbem-28715	100	13	makes	make	VERB
fbem-28715	100	14	it	it	PRON
fbem-28715	100	15	an	an	DET
fbem-28715	100	16	important	important	ADJ
fbem-28715	100	17	characteristic	characteristic	NOUN
fbem-28715	100	18	of	of	ADP
fbem-28715	100	19	the	the	DET
fbem-28715	100	20	supply	supply	NOUN
fbem-28715	100	21	chain	chain	NOUN
fbem-28715	100	22	framework	framework	NOUN
fbem-28715	100	23	.	.	PUNCT
fbem-28715	101	1	the	the	DET
fbem-28715	101	2	framework	framework	NOUN
fbem-28715	101	3	includes	include	VERB
fbem-28715	101	4	two	two	NUM
fbem-28715	101	5	elements	element	NOUN
fbem-28715	101	6	which	which	PRON
fbem-28715	101	7	are	be	AUX
fbem-28715	101	8	,	,	PUNCT
fbem-28715	101	9	supply	supply	NOUN
fbem-28715	101	10	concentration	concentration	NOUN
fbem-28715	101	11	(	(	PUNCT
fbem-28715	101	12	sup	sup	NOUN
fbem-28715	101	13	)	)	PUNCT
fbem-28715	101	14	and	and	CCONJ
fbem-28715	101	15	customer	customer	NOUN
fbem-28715	101	16	concentration	concentration	NOUN
fbem-28715	101	17	(	(	PUNCT
fbem-28715	101	18	cus	cus	NOUN
fbem-28715	101	19	)	)	PUNCT
fbem-28715	102	1	[	[	X
fbem-28715	102	2	35	35	NUM
fbem-28715	102	3	]	]	PUNCT
fbem-28715	102	4	.	.	PUNCT
fbem-28715	103	1	supply	supply	NOUN
fbem-28715	103	2	concentration	concentration	NOUN
fbem-28715	103	3	refers	refer	VERB
fbem-28715	103	4	to	to	ADP
fbem-28715	103	5	the	the	DET
fbem-28715	103	6	extent	extent	NOUN
fbem-28715	103	7	to	to	PART
fbem-28715	103	8	which	which	PRON
fbem-28715	103	9	a	a	DET
fbem-28715	103	10	company	company	NOUN
fbem-28715	103	11	relies	rely	VERB
fbem-28715	103	12	on	on	ADP
fbem-28715	103	13	a	a	DET
fbem-28715	103	14	small	small	ADJ
fbem-28715	103	15	number	number	NOUN
fbem-28715	103	16	of	of	ADP
fbem-28715	103	17	suppliers	supplier	NOUN
fbem-28715	103	18	for	for	ADP
fbem-28715	103	19	their	their	PRON
fbem-28715	103	20	services	service	NOUN
fbem-28715	103	21	,	,	PUNCT
fbem-28715	103	22	good	good	ADJ
fbem-28715	103	23	and	and	CCONJ
fbem-28715	103	24	materials	material	NOUN
fbem-28715	103	25	for	for	SCONJ
fbem-28715	103	26	it	it	PRON
fbem-28715	103	27	to	to	PART
fbem-28715	103	28	commence	commence	VERB
fbem-28715	103	29	its	its	PRON
fbem-28715	103	30	business	business	NOUN
fbem-28715	103	31	whilst	whilst	SCONJ
fbem-28715	103	32	customer	customer	NOUN
fbem-28715	103	33	concentration	concentration	NOUN
fbem-28715	103	34	refers	refer	VERB
fbem-28715	103	35	to	to	ADP
fbem-28715	103	36	the	the	DET
fbem-28715	103	37	extent	extent	NOUN
fbem-28715	103	38	to	to	PART
fbem-28715	103	39	which	which	DET
fbem-28715	103	40	accompany	accompany	NOUN
fbem-28715	103	41	relies	rely	VERB
fbem-28715	103	42	on	on	ADP
fbem-28715	103	43	a	a	DET
fbem-28715	103	44	small	small	ADJ
fbem-28715	103	45	number	number	NOUN
fbem-28715	103	46	of	of	ADP
fbem-28715	103	47	customers	customer	NOUN
fbem-28715	103	48	for	for	SCONJ
fbem-28715	103	49	it	it	PRON
fbem-28715	103	50	to	to	PART
fbem-28715	103	51	gain	gain	VERB
fbem-28715	103	52	revenue	revenue	NOUN
fbem-28715	103	53	from	from	ADP
fbem-28715	103	54	their	their	PRON
fbem-28715	103	55	sales	sale	NOUN
fbem-28715	103	56	[	[	X
fbem-28715	103	57	36	36	NUM
fbem-28715	103	58	]	]	PUNCT
fbem-28715	103	59	.	.	PUNCT
fbem-28715	104	1	when	when	SCONJ
fbem-28715	104	2	supply	supply	NOUN
fbem-28715	104	3	chain	chain	NOUN
fbem-28715	104	4	concentration	concentration	NOUN
fbem-28715	104	5	of	of	ADP
fbem-28715	104	6	a	a	DET
fbem-28715	104	7	firm	firm	ADJ
fbem-28715	104	8	increases	increase	NOUN
fbem-28715	104	9	,	,	PUNCT
fbem-28715	104	10	customers	customer	NOUN
fbem-28715	104	11	or	or	CCONJ
fbem-28715	104	12	supplier	supplier	NOUN
fbem-28715	104	13	’s	’s	PART
fbem-28715	104	14	bargaining	bargaining	NOUN
fbem-28715	104	15	power	power	NOUN
fbem-28715	104	16	increases	increase	VERB
fbem-28715	104	17	[	[	X
fbem-28715	104	18	37	37	NUM
fbem-28715	104	19	]	]	PUNCT
fbem-28715	104	20	and	and	CCONJ
fbem-28715	104	21	this	this	PRON
fbem-28715	104	22	will	will	AUX
fbem-28715	104	23	have	have	VERB
fbem-28715	104	24	a	a	DET
fbem-28715	104	25	negative	negative	ADJ
fbem-28715	104	26	impact	impact	NOUN
fbem-28715	104	27	on	on	ADP
fbem-28715	104	28	the	the	DET
fbem-28715	104	29	firm	firm	NOUN
fbem-28715	104	30	[	[	X
fbem-28715	104	31	38	38	NUM
fbem-28715	104	32	]	]	PUNCT
fbem-28715	104	33	.	.	PUNCT
fbem-28715	105	1	according	accord	VERB
fbem-28715	105	2	to	to	ADP
fbem-28715	105	3	[	[	X
fbem-28715	105	4	39	39	NUM
fbem-28715	105	5	,	,	PUNCT
fbem-28715	105	6	40	40	NUM
fbem-28715	105	7	]	]	PUNCT
fbem-28715	105	8	talked	talk	VERB
fbem-28715	105	9	a	a	DET
fbem-28715	105	10	lot	lot	NOUN
fbem-28715	105	11	about	about	ADP
fbem-28715	105	12	how	how	SCONJ
fbem-28715	105	13	supply	supply	NOUN
fbem-28715	105	14	chain	chain	NOUN
fbem-28715	105	15	concentration	concentration	NOUN
fbem-28715	105	16	can	can	AUX
fbem-28715	105	17	make	make	VERB
fbem-28715	105	18	an	an	DET
fbem-28715	105	19	organization	organization	NOUN
fbem-28715	105	20	more	more	ADV
fbem-28715	105	21	vulnerable	vulnerable	ADJ
fbem-28715	105	22	to	to	ADP
fbem-28715	105	23	shocks	shock	NOUN
fbem-28715	105	24	,	,	PUNCT
fbem-28715	105	25	including	include	VERB
fbem-28715	105	26	natural	natural	ADJ
fbem-28715	105	27	disasters	disaster	NOUN
fbem-28715	105	28	.	.	PUNCT
fbem-28715	106	1	these	these	DET
fbem-28715	106	2	studies	study	NOUN
fbem-28715	106	3	highlight	highlight	VERB
fbem-28715	106	4	how	how	SCONJ
fbem-28715	106	5	serious	serious	ADJ
fbem-28715	106	6	global	global	ADJ
fbem-28715	106	7	supply	supply	NOUN
fbem-28715	106	8	chain	chain	NOUN
fbem-28715	106	9	vulnerabilities	vulnerability	NOUN
fbem-28715	106	10	might	might	AUX
fbem-28715	106	11	result	result	VERB
fbem-28715	106	12	from	from	ADP
fbem-28715	106	13	interruptions	interruption	NOUN
fbem-28715	106	14	in	in	ADP
fbem-28715	106	15	concentrated	concentrated	ADJ
fbem-28715	106	16	supply	supply	NOUN
fbem-28715	106	17	chains	chain	NOUN
fbem-28715	106	18	.	.	PUNCT
fbem-28715	107	1	expanding	expand	VERB
fbem-28715	107	2	inventory	inventory	NOUN
fbem-28715	107	3	,	,	PUNCT
fbem-28715	107	4	diversifying	diversify	VERB
fbem-28715	107	5	the	the	DET
fbem-28715	107	6	supply	supply	NOUN
fbem-28715	107	7	base	base	NOUN
fbem-28715	107	8	,	,	PUNCT
fbem-28715	107	9	and	and	CCONJ
fbem-28715	107	10	creating	create	VERB
fbem-28715	107	11	new	new	ADJ
fbem-28715	107	12	supplier	supplier	NOUN
fbem-28715	107	13	options	option	NOUN
fbem-28715	107	14	can	can	AUX
fbem-28715	107	15	help	help	VERB
fbem-28715	107	16	to	to	PART
fbem-28715	107	17	mitigate	mitigate	VERB
fbem-28715	107	18	the	the	DET
fbem-28715	107	19	above	above	ADJ
fbem-28715	107	20	actions	action	NOUN
fbem-28715	107	21	[	[	X
fbem-28715	107	22	39	39	NUM
fbem-28715	107	23	,	,	PUNCT
fbem-28715	107	24	40	40	NUM
fbem-28715	107	25	]	]	PUNCT
fbem-28715	107	26	.	.	PUNCT
fbem-28715	108	1	supply	supply	NOUN
fbem-28715	108	2	chain	chain	NOUN
fbem-28715	108	3	concentration	concentration	NOUN
fbem-28715	108	4	can	can	AUX
fbem-28715	108	5	influence	influence	VERB
fbem-28715	108	6	environmental	environmental	ADJ
fbem-28715	108	7	and	and	CCONJ
fbem-28715	108	8	social	social	ADJ
fbem-28715	108	9	sustainability	sustainability	NOUN
fbem-28715	108	10	in	in	ADP
fbem-28715	108	11	both	both	DET
fbem-28715	108	12	ways	way	NOUN
fbem-28715	108	13	,	,	PUNCT
fbem-28715	108	14	positively	positively	ADV
fbem-28715	108	15	and	and	CCONJ
fbem-28715	108	16	negatively	negatively	ADV
fbem-28715	108	17	.	.	PUNCT
fbem-28715	109	1	some	some	DET
fbem-28715	109	2	scholars	scholar	NOUN
fbem-28715	109	3	have	have	AUX
fbem-28715	109	4	studied	study	VERB
fbem-28715	109	5	supply	supply	NOUN
fbem-28715	109	6	chain	chain	NOUN
fbem-28715	109	7	concentration	concentration	NOUN
fbem-28715	109	8	and	and	CCONJ
fbem-28715	109	9	found	find	VERB
fbem-28715	109	10	some	some	PRON
fbem-28715	109	11	of	of	ADP
fbem-28715	109	12	the	the	DET
fbem-28715	109	13	following	follow	VERB
fbem-28715	109	14	results	result	NOUN
fbem-28715	109	15	,	,	PUNCT
fbem-28715	109	16	[	[	X
fbem-28715	109	17	41	41	NUM
fbem-28715	109	18	]	]	PUNCT
fbem-28715	109	19	discovered	discover	VERB
fbem-28715	109	20	a	a	DET
fbem-28715	109	21	ushaped	ushaped	ADJ
fbem-28715	109	22	association	association	NOUN
fbem-28715	109	23	between	between	ADP
fbem-28715	109	24	customer	customer	NOUN
fbem-28715	109	25	concentration	concentration	NOUN
fbem-28715	109	26	and	and	CCONJ
fbem-28715	109	27	supplier	supplier	NOUN
fbem-28715	109	28	profitability	profitability	NOUN
fbem-28715	109	29	,	,	PUNCT
fbem-28715	109	30	which	which	PRON
fbem-28715	109	31	becomes	become	VERB
fbem-28715	109	32	weaker	weak	ADJ
fbem-28715	109	33	as	as	ADP
fbem-28715	109	34	the	the	DET
fbem-28715	109	35	percentage	percentage	NOUN
fbem-28715	109	36	of	of	ADP
fbem-28715	109	37	insiders	insider	NOUN
fbem-28715	109	38	in	in	ADP
fbem-28715	109	39	firm	firm	ADJ
fbem-28715	109	40	management	management	NOUN
fbem-28715	109	41	's	's	PART
fbem-28715	109	42	equity	equity	NOUN
fbem-28715	109	43	increases	increase	NOUN
fbem-28715	109	44	.	.	PUNCT
fbem-28715	110	1	[	[	X
fbem-28715	110	2	42	42	NUM
fbem-28715	110	3	]	]	PUNCT
fbem-28715	110	4	discovered	discover	VERB
fbem-28715	110	5	that	that	SCONJ
fbem-28715	110	6	retailers	retailer	NOUN
fbem-28715	110	7	who	who	PRON
fbem-28715	110	8	have	have	VERB
fbem-28715	110	9	a	a	DET
fbem-28715	110	10	more	more	ADV
fbem-28715	110	11	centralized	centralized	ADJ
fbem-28715	110	12	supplier	supplier	NOUN
fbem-28715	110	13	base	base	NOUN
fbem-28715	110	14	receive	receive	VERB
fbem-28715	110	15	more	more	ADJ
fbem-28715	110	16	trade	trade	NOUN
fbem-28715	110	17	credit	credit	NOUN
fbem-28715	110	18	than	than	ADP
fbem-28715	110	19	those	those	PRON
fbem-28715	110	20	who	who	PRON
fbem-28715	110	21	have	have	VERB
fbem-28715	110	22	a	a	DET
fbem-28715	110	23	more	more	ADV
fbem-28715	110	24	dispersed	disperse	VERB
fbem-28715	110	25	supplier	supplier	NOUN
fbem-28715	110	26	base	base	NOUN
fbem-28715	110	27	,	,	PUNCT
fbem-28715	110	28	these	these	PRON
fbem-28715	110	29	are	be	AUX
fbem-28715	110	30	economic	economic	ADJ
fbem-28715	110	31	consequences	consequence	NOUN
fbem-28715	110	32	(	(	PUNCT
fbem-28715	110	33	supply	supply	NOUN
fbem-28715	110	34	chain	chain	NOUN
fbem-28715	110	35	concentration	concentration	NOUN
fbem-28715	110	36	and	and	CCONJ
fbem-28715	110	37	corporate	corporate	ADJ
fbem-28715	110	38	performance	performance	NOUN
fbem-28715	110	39	)	)	PUNCT
fbem-28715	110	40	of	of	ADP
fbem-28715	110	41	the	the	DET
fbem-28715	110	42	firm	firm	NOUN
fbem-28715	110	43	.	.	PUNCT
fbem-28715	111	1	capital	capital	NOUN
fbem-28715	111	2	market	market	NOUN
fbem-28715	111	3	performance	performance	NOUN
fbem-28715	111	4	includes	include	VERB
fbem-28715	111	5	these	these	DET
fbem-28715	111	6	stock	stock	NOUN
fbem-28715	111	7	prices	price	NOUN
fbem-28715	111	8	and	and	CCONJ
fbem-28715	111	9	supply	supply	VERB
fbem-28715	111	10	chain	chain	NOUN
fbem-28715	111	11	concentration	concentration	NOUN
fbem-28715	111	12	.	.	PUNCT
fbem-28715	112	1	[	[	X
fbem-28715	112	2	43	43	NUM
fbem-28715	112	3	]	]	PUNCT
fbem-28715	112	4	examined	examine	VERB
fbem-28715	112	5	chinese	chinese	ADJ
fbem-28715	112	6	businesses	business	NOUN
fbem-28715	112	7	during	during	ADP
fbem-28715	112	8	the	the	DET
fbem-28715	112	9	covid-19	covid-19	PROPN
fbem-28715	112	10	crisis	crisis	NOUN
fbem-28715	112	11	and	and	CCONJ
fbem-28715	112	12	discovered	discover	VERB
fbem-28715	112	13	that	that	SCONJ
fbem-28715	112	14	,	,	PUNCT
fbem-28715	112	15	immediately	immediately	ADV
fbem-28715	112	16	following	follow	VERB
fbem-28715	112	17	the	the	DET
fbem-28715	112	18	crisis	crisis	NOUN
fbem-28715	112	19	,	,	PUNCT
fbem-28715	112	20	more	more	ADV
fbem-28715	112	21	severe	severe	ADJ
fbem-28715	112	22	stock	stock	NOUN
fbem-28715	112	23	price	price	NOUN
fbem-28715	112	24	drops	drop	NOUN
fbem-28715	112	25	over	over	ADP
fbem-28715	112	26	the	the	DET
fbem-28715	112	27	shortand	shortand	NOUN
fbem-28715	112	28	mediumterm	mediumterm	NOUN
fbem-28715	112	29	windows	window	NOUN
fbem-28715	112	30	were	be	AUX
fbem-28715	112	31	associated	associate	VERB
fbem-28715	112	32	with	with	ADP
fbem-28715	112	33	a	a	DET
fbem-28715	112	34	higher	high	ADJ
fbem-28715	112	35	degree	degree	NOUN
fbem-28715	112	36	of	of	ADP
fbem-28715	112	37	supply	supply	NOUN
fbem-28715	112	38	concentration	concentration	NOUN
fbem-28715	112	39	.	.	PUNCT
fbem-28715	113	1	2.5	2.5	NUM
fbem-28715	113	2	.	.	PUNCT
fbem-28715	114	1	theoretical	theoretical	ADJ
fbem-28715	114	2	foundations	foundation	NOUN
fbem-28715	114	3	2.5.1	2.5.1	NUM
fbem-28715	114	4	.	.	PUNCT
fbem-28715	115	1	stakeholder	stakeholder	NOUN
fbem-28715	115	2	theory	theory	NOUN
fbem-28715	115	3	in	in	ADP
fbem-28715	115	4	recent	recent	ADJ
fbem-28715	115	5	years	year	NOUN
fbem-28715	115	6	,	,	PUNCT
fbem-28715	115	7	organizations	organization	NOUN
fbem-28715	115	8	and	and	CCONJ
fbem-28715	115	9	business	business	NOUN
fbem-28715	115	10	environments	environment	NOUN
fbem-28715	115	11	are	be	AUX
fbem-28715	115	12	facing	face	VERB
fbem-28715	115	13	increasing	increase	VERB
fbem-28715	115	14	pressure	pressure	NOUN
fbem-28715	115	15	to	to	PART
fbem-28715	115	16	not	not	PART
fbem-28715	115	17	only	only	ADV
fbem-28715	115	18	consider	consider	VERB
fbem-28715	115	19	shareholders	shareholder	NOUN
fbem-28715	115	20	’	'	PUNCT
fbem-28715	115	21	interests	interest	NOUN
fbem-28715	115	22	but	but	CCONJ
fbem-28715	115	23	various	various	ADJ
fbem-28715	115	24	stakeholder	stakeholder	NOUN
fbem-28715	115	25	’s	’s	PART
fbem-28715	115	26	interests	interest	NOUN
fbem-28715	115	27	such	such	ADJ
fbem-28715	115	28	as	as	ADP
fbem-28715	115	29	customers	customer	NOUN
fbem-28715	115	30	,	,	PUNCT
fbem-28715	115	31	government	government	NOUN
fbem-28715	115	32	and	and	CCONJ
fbem-28715	115	33	many	many	ADJ
fbem-28715	115	34	others	other	NOUN
fbem-28715	115	35	[	[	X
fbem-28715	115	36	3	3	NUM
fbem-28715	115	37	]	]	PUNCT
fbem-28715	115	38	.	.	PUNCT
fbem-28715	116	1	stakeholder	stakeholder	PROPN
fbem-28715	116	2	theory	theory	NOUN
fbem-28715	116	3	was	be	AUX
fbem-28715	116	4	developed	develop	VERB
fbem-28715	116	5	by	by	ADP
fbem-28715	116	6	[	[	X
fbem-28715	116	7	44	44	NUM
fbem-28715	116	8	]	]	PUNCT
fbem-28715	116	9	and	and	CCONJ
fbem-28715	116	10	this	this	DET
fbem-28715	116	11	theory	theory	NOUN
fbem-28715	116	12	's	's	PART
fbem-28715	116	13	groundwork	groundwork	NOUN
fbem-28715	116	14	was	be	AUX
fbem-28715	116	15	established	establish	VERB
fbem-28715	116	16	by	by	ADP
fbem-28715	116	17	freeman	freeman	PROPN
fbem-28715	116	18	's	's	PART
fbem-28715	116	19	influential	influential	ADJ
fbem-28715	116	20	1984	1984	NUM
fbem-28715	116	21	book	book	NOUN
fbem-28715	116	22	"	"	PUNCT
fbem-28715	116	23	strategic	strategic	ADJ
fbem-28715	116	24	management	management	NOUN
fbem-28715	116	25	:	:	PUNCT
fbem-28715	116	26	a	a	DET
fbem-28715	116	27	stakeholder	stakeholder	NOUN
fbem-28715	116	28	approach	approach	NOUN
fbem-28715	116	29	"	"	PUNCT
fbem-28715	116	30	which	which	PRON
fbem-28715	116	31	argues	argue	VERB
fbem-28715	116	32	about	about	ADP
fbem-28715	116	33	how	how	SCONJ
fbem-28715	116	34	businesses	business	NOUN
fbem-28715	116	35	should	should	AUX
fbem-28715	116	36	consider	consider	VERB
fbem-28715	116	37	the	the	DET
fbem-28715	116	38	stakeholder	stakeholder	NOUN
fbem-28715	116	39	’s	’s	PART
fbem-28715	116	40	interest	interest	NOUN
fbem-28715	116	41	and	and	CCONJ
fbem-28715	116	42	needs	need	VERB
fbem-28715	116	43	not	not	PART
fbem-28715	116	44	only	only	ADV
fbem-28715	116	45	focusing	focus	VERB
fbem-28715	116	46	on	on	ADP
fbem-28715	116	47	maximizing	maximize	VERB
fbem-28715	116	48	shareholder	shareholder	NOUN
fbem-28715	116	49	’s	’s	PART
fbem-28715	116	50	wealth	wealth	NOUN
fbem-28715	116	51	.	.	PUNCT
fbem-28715	117	1	stakeholder	stakeholder	NOUN
fbem-28715	117	2	theory	theory	NOUN
fbem-28715	117	3	is	be	AUX
fbem-28715	117	4	more	more	ADV
fbem-28715	117	5	sustainable	sustainable	ADJ
fbem-28715	117	6	because	because	SCONJ
fbem-28715	117	7	it	it	PRON
fbem-28715	117	8	puts	put	VERB
fbem-28715	117	9	forwards	forward	NOUN
fbem-28715	117	10	that	that	SCONJ
fbem-28715	117	11	successful	successful	ADJ
fbem-28715	117	12	companies	company	NOUN
fbem-28715	117	13	are	be	AUX
fbem-28715	117	14	able	able	ADJ
fbem-28715	117	15	to	to	PART
fbem-28715	117	16	align	align	VERB
fbem-28715	117	17	the	the	DET
fbem-28715	117	18	interests	interest	NOUN
fbem-28715	117	19	of	of	ADP
fbem-28715	117	20	all	all	DET
fbem-28715	117	21	stakeholders	stakeholder	NOUN
fbem-28715	117	22	.	.	PUNCT
fbem-28715	118	1	the	the	DET
fbem-28715	118	2	theory	theory	NOUN
fbem-28715	118	3	emphasizes	emphasize	VERB
fbem-28715	118	4	the	the	DET
fbem-28715	118	5	value	value	NOUN
fbem-28715	118	6	of	of	ADP
fbem-28715	118	7	interacting	interact	VERB
fbem-28715	118	8	with	with	ADP
fbem-28715	118	9	and	and	CCONJ
fbem-28715	118	10	managing	manage	VERB
fbem-28715	118	11	relationships	relationship	NOUN
fbem-28715	118	12	with	with	ADP
fbem-28715	118	13	a	a	DET
fbem-28715	118	14	wide	wide	ADJ
fbem-28715	118	15	range	range	NOUN
fbem-28715	118	16	of	of	ADP
fbem-28715	118	17	stakeholders	stakeholder	NOUN
fbem-28715	118	18	,	,	PUNCT
fbem-28715	118	19	including	include	VERB
fbem-28715	118	20	suppliers	supplier	NOUN
fbem-28715	118	21	,	,	PUNCT
fbem-28715	118	22	communities	community	NOUN
fbem-28715	118	23	,	,	PUNCT
fbem-28715	118	24	consumers	consumer	NOUN
fbem-28715	118	25	,	,	PUNCT
fbem-28715	118	26	and	and	CCONJ
fbem-28715	118	27	employees	employee	NOUN
fbem-28715	118	28	.	.	PUNCT
fbem-28715	119	1	this	this	DET
fbem-28715	119	2	approach	approach	NOUN
fbem-28715	119	3	provides	provide	VERB
fbem-28715	119	4	a	a	DET
fbem-28715	119	5	comprehensive	comprehensive	ADJ
fbem-28715	119	6	view	view	NOUN
fbem-28715	119	7	of	of	ADP
fbem-28715	119	8	organizational	organizational	ADJ
fbem-28715	119	9	management	management	NOUN
fbem-28715	119	10	.	.	PUNCT
fbem-28715	120	1	the	the	DET
fbem-28715	120	2	notion	notion	NOUN
fbem-28715	120	3	of	of	ADP
fbem-28715	120	4	stakeholder	stakeholder	NOUN
fbem-28715	120	5	,	,	PUNCT
fbem-28715	120	6	as	as	SCONJ
fbem-28715	120	7	proposed	propose	VERB
fbem-28715	120	8	by	by	ADP
fbem-28715	120	9	[	[	X
fbem-28715	120	10	45	45	NUM
fbem-28715	120	11	]	]	PUNCT
fbem-28715	120	12	posits	posit	NOUN
fbem-28715	120	13	that	that	SCONJ
fbem-28715	120	14	there	there	PRON
fbem-28715	120	15	is	be	VERB
fbem-28715	120	16	a	a	DET
fbem-28715	120	17	better	well	ADJ
fbem-28715	120	18	chance	chance	NOUN
fbem-28715	120	19	of	of	ADP
fbem-28715	120	20	resolving	resolve	VERB
fbem-28715	120	21	issues	issue	NOUN
fbem-28715	120	22	if	if	SCONJ
fbem-28715	120	23	we	we	PRON
fbem-28715	120	24	use	use	VERB
fbem-28715	120	25	the	the	DET
fbem-28715	120	26	relationships	relationship	NOUN
fbem-28715	120	27	that	that	PRON
fbem-28715	120	28	exist	exist	VERB
fbem-28715	120	29	between	between	ADP
fbem-28715	120	30	a	a	DET
fbem-28715	120	31	business	business	NOUN
fbem-28715	120	32	and	and	CCONJ
fbem-28715	120	33	groups	group	NOUN
fbem-28715	120	34	or	or	CCONJ
fbem-28715	120	35	individuals	individual	NOUN
fbem-28715	120	36	that	that	PRON
fbem-28715	120	37	can	can	AUX
fbem-28715	120	38	either	either	CCONJ
fbem-28715	120	39	affect	affect	VERB
fbem-28715	120	40	or	or	CCONJ
fbem-28715	120	41	can	can	AUX
fbem-28715	120	42	be	be	AUX
fbem-28715	120	43	affected	affect	VERB
fbem-28715	120	44	by	by	ADP
fbem-28715	120	45	the	the	DET
fbem-28715	120	46	organization	organization	NOUN
fbem-28715	120	47	’s	’s	PART
fbem-28715	120	48	actions	action	NOUN
fbem-28715	120	49	or	or	CCONJ
fbem-28715	120	50	decisions	decision	NOUN
fbem-28715	120	51	.	.	PUNCT
fbem-28715	121	1	in	in	ADP
fbem-28715	121	2	addition	addition	NOUN
fbem-28715	121	3	,	,	PUNCT
fbem-28715	121	4	one	one	PRON
fbem-28715	121	5	should	should	AUX
fbem-28715	121	6	know	know	VERB
fbem-28715	121	7	how	how	SCONJ
fbem-28715	121	8	relationships	relationship	NOUN
fbem-28715	121	9	work	work	VERB
fbem-28715	121	10	and	and	CCONJ
fbem-28715	121	11	how	how	SCONJ
fbem-28715	121	12	they	they	PRON
fbem-28715	121	13	change	change	VERB
fbem-28715	121	14	over	over	ADP
fbem-28715	121	15	the	the	DET
fbem-28715	121	16	course	course	NOUN
fbem-28715	121	17	of	of	ADP
fbem-28715	121	18	time	time	NOUN
fbem-28715	121	19	.	.	PUNCT
fbem-28715	122	1	if	if	SCONJ
fbem-28715	122	2	stakeholder	stakeholder	NOUN
fbem-28715	122	3	’s	’s	PART
fbem-28715	122	4	interest	interest	NOUN
fbem-28715	122	5	differs	differ	NOUN
fbem-28715	122	6	,	,	PUNCT
fbem-28715	122	7	managers	manager	NOUN
fbem-28715	122	8	should	should	AUX
fbem-28715	122	9	find	find	VERB
fbem-28715	122	10	a	a	DET
fbem-28715	122	11	way	way	NOUN
fbem-28715	122	12	to	to	PART
fbem-28715	122	13	solve	solve	VERB
fbem-28715	122	14	these	these	DET
fbem-28715	122	15	conflicts	conflict	NOUN
fbem-28715	122	16	,	,	PUNCT
fbem-28715	122	17	satisfy	satisfy	VERB
fbem-28715	122	18	the	the	DET
fbem-28715	122	19	various	various	ADJ
fbem-28715	122	20	groups	group	NOUN
fbem-28715	122	21	of	of	ADP
fbem-28715	122	22	stakeholders	stakeholder	NOUN
fbem-28715	122	23	,	,	PUNCT
fbem-28715	122	24	and	and	CCONJ
fbem-28715	122	25	create	create	VERB
fbem-28715	122	26	value	value	NOUN
fbem-28715	122	27	and	and	CCONJ
fbem-28715	122	28	strategies	strategy	NOUN
fbem-28715	122	29	of	of	ADP
fbem-28715	122	30	the	the	DET
fbem-28715	122	31	business	business	NOUN
fbem-28715	122	32	.	.	PUNCT
fbem-28715	123	1	stakeholder	stakeholder	NOUN
fbem-28715	123	2	theory	theory	NOUN
fbem-28715	123	3	criticizes	criticize	VERB
fbem-28715	123	4	companies	company	NOUN
fbem-28715	123	5	that	that	PRON
fbem-28715	123	6	only	only	ADV
fbem-28715	123	7	prioritizes	prioritize	VERB
fbem-28715	123	8	the	the	DET
fbem-28715	123	9	interest	interest	NOUN
fbem-28715	123	10	of	of	ADP
fbem-28715	123	11	shareholders	shareholder	NOUN
fbem-28715	123	12	without	without	ADP
fbem-28715	123	13	considering	consider	VERB
fbem-28715	123	14	other	other	ADJ
fbem-28715	123	15	stakeholder	stakeholder	NOUN
fbem-28715	123	16	’s	’s	PART
fbem-28715	123	17	views	view	NOUN
fbem-28715	123	18	in	in	ADP
fbem-28715	123	19	their	their	PRON
fbem-28715	123	20	decision	decision	NOUN
fbem-28715	123	21	making	making	NOUN
fbem-28715	123	22	.	.	PUNCT
fbem-28715	124	1	stakeholder	stakeholder	NOUN
fbem-28715	124	2	theory	theory	NOUN
fbem-28715	124	3	was	be	AUX
fbem-28715	124	4	initially	initially	ADV
fbem-28715	124	5	developed	develop	VERB
fbem-28715	124	6	for	for	ADP
fbem-28715	124	7	business	business	NOUN
fbem-28715	124	8	and	and	CCONJ
fbem-28715	124	9	management	management	NOUN
fbem-28715	124	10	,	,	PUNCT
fbem-28715	124	11	but	but	CCONJ
fbem-28715	124	12	it	it	PRON
fbem-28715	124	13	gained	gain	VERB
fbem-28715	124	14	popularity	popularity	NOUN
fbem-28715	124	15	and	and	CCONJ
fbem-28715	124	16	has	have	AUX
fbem-28715	124	17	been	be	AUX
fbem-28715	124	18	applied	apply	VERB
fbem-28715	124	19	in	in	ADP
fbem-28715	124	20	many	many	ADJ
fbem-28715	124	21	different	different	ADJ
fbem-28715	124	22	disciplines	discipline	NOUN
fbem-28715	124	23	including	include	VERB
fbem-28715	124	24	,	,	PUNCT
fbem-28715	124	25	education	education	NOUN
fbem-28715	124	26	,	,	PUNCT
fbem-28715	124	27	health	health	NOUN
fbem-28715	124	28	care	care	NOUN
fbem-28715	124	29	,	,	PUNCT
fbem-28715	124	30	law	law	NOUN
fbem-28715	124	31	,	,	PUNCT
fbem-28715	124	32	public	public	ADJ
fbem-28715	124	33	policies	policy	NOUN
fbem-28715	124	34	,	,	PUNCT
fbem-28715	124	35	information	information	NOUN
fbem-28715	124	36	and	and	CCONJ
fbem-28715	124	37	technology	technology	NOUN
fbem-28715	124	38	,	,	PUNCT
fbem-28715	124	39	ethics	ethic	NOUN
fbem-28715	124	40	,	,	PUNCT
fbem-28715	124	41	csr	csr	NOUN
fbem-28715	124	42	and	and	CCONJ
fbem-28715	124	43	environmental	environmental	ADJ
fbem-28715	124	44	policy	policy	NOUN
fbem-28715	124	45	.	.	PUNCT
fbem-28715	125	1	according	accord	VERB
fbem-28715	125	2	to	to	ADP
fbem-28715	125	3	[	[	X
fbem-28715	125	4	46	46	NUM
fbem-28715	125	5	]	]	PUNCT
fbem-28715	125	6	,	,	PUNCT
fbem-28715	125	7	stakeholder	stakeholder	NOUN
fbem-28715	125	8	theory	theory	NOUN
fbem-28715	125	9	encompasses	encompass	VERB
fbem-28715	125	10	different	different	ADJ
fbem-28715	125	11	theoretical	theoretical	ADJ
fbem-28715	125	12	perspectives	perspective	NOUN
fbem-28715	125	13	that	that	PRON
fbem-28715	125	14	enlightens	enlighten	VERB
fbem-28715	125	15	the	the	DET
fbem-28715	125	16	relationship	relationship	NOUN
fbem-28715	125	17	between	between	ADP
fbem-28715	125	18	the	the	DET
fbem-28715	125	19	organization	organization	NOUN
fbem-28715	125	20	and	and	CCONJ
fbem-28715	125	21	its	its	PRON
fbem-28715	125	22	stakeholders	stakeholder	NOUN
fbem-28715	125	23	,	,	PUNCT
fbem-28715	125	24	for	for	ADP
fbem-28715	125	25	example	example	NOUN
fbem-28715	125	26	normative	normative	ADJ
fbem-28715	125	27	,	,	PUNCT
fbem-28715	125	28	talks	talk	NOUN
fbem-28715	125	29	about	about	ADP
fbem-28715	125	30	ethics	ethic	NOUN
fbem-28715	125	31	and	and	CCONJ
fbem-28715	125	32	morals	moral	NOUN
fbem-28715	125	33	,	,	PUNCT
fbem-28715	125	34	descriptive	descriptive	ADJ
fbem-28715	125	35	,	,	PUNCT
fbem-28715	125	36	talks	talk	NOUN
fbem-28715	125	37	about	about	ADP
fbem-28715	125	38	various	various	ADJ
fbem-28715	125	39	stakeholders	stakeholder	NOUN
fbem-28715	125	40	who	who	PRON
fbem-28715	125	41	are	be	AUX
fbem-28715	125	42	affected	affect	VERB
fbem-28715	125	43	or	or	CCONJ
fbem-28715	125	44	involved	involve	VERB
fbem-28715	125	45	in	in	ADP
fbem-28715	125	46	the	the	DET
fbem-28715	125	47	organization	organization	NOUN
fbem-28715	125	48	’s	’s	PART
fbem-28715	125	49	activities	activity	NOUN
fbem-28715	125	50	and	and	CCONJ
fbem-28715	125	51	instrumental	instrumental	ADJ
fbem-28715	125	52	,	,	PUNCT
fbem-28715	125	53	highlights	highlight	VERB
fbem-28715	125	54	how	how	SCONJ
fbem-28715	125	55	crucial	crucial	ADJ
fbem-28715	125	56	it	it	PRON
fbem-28715	125	57	is	be	AUX
fbem-28715	125	58	to	to	PART
fbem-28715	125	59	strategically	strategically	ADV
fbem-28715	125	60	interact	interact	VERB
fbem-28715	125	61	with	with	ADP
fbem-28715	125	62	stakeholders	stakeholder	NOUN
fbem-28715	125	63	in	in	ADP
fbem-28715	125	64	order	order	NOUN
fbem-28715	125	65	to	to	PART
fbem-28715	125	66	improve	improve	VERB
fbem-28715	125	67	long	long	ADJ
fbem-28715	125	68	-	-	PUNCT
fbem-28715	125	69	term	term	NOUN
fbem-28715	125	70	sustainability	sustainability	NOUN
fbem-28715	125	71	,	,	PUNCT
fbem-28715	125	72	competitiveness	competitiveness	NOUN
fbem-28715	125	73	,	,	PUNCT
fbem-28715	125	74	and	and	CCONJ
fbem-28715	125	75	organizational	organizational	ADJ
fbem-28715	125	76	success	success	NOUN
fbem-28715	125	77	.	.	PUNCT
fbem-28715	126	1	stakeholder	stakeholder	NOUN
fbem-28715	126	2	theory	theory	NOUN
fbem-28715	126	3	also	also	ADV
fbem-28715	126	4	involves	involve	VERB
fbem-28715	126	5	discussions	discussion	NOUN
fbem-28715	126	6	on	on	ADP
fbem-28715	126	7	power	power	NOUN
fbem-28715	126	8	dynamics	dynamic	NOUN
fbem-28715	126	9	,	,	PUNCT
fbem-28715	126	10	stakeholder	stakeholder	NOUN
fbem-28715	126	11	legitimacy	legitimacy	NOUN
fbem-28715	126	12	,	,	PUNCT
fbem-28715	126	13	and	and	CCONJ
fbem-28715	126	14	other	other	ADJ
fbem-28715	126	15	topics	topic	NOUN
fbem-28715	126	16	.	.	PUNCT
fbem-28715	127	1	the	the	DET
fbem-28715	127	2	arguments	argument	NOUN
fbem-28715	127	3	that	that	PRON
fbem-28715	127	4	stakeholder	stakeholder	NOUN
fbem-28715	127	5	theory	theory	NOUN
fbem-28715	127	6	proposed	propose	VERB
fbem-28715	127	7	,	,	PUNCT
fbem-28715	127	8	that	that	ADV
fbem-28715	127	9	is	is	ADV
fbem-28715	127	10	,	,	PUNCT
fbem-28715	127	11	for	for	SCONJ
fbem-28715	127	12	companies	company	NOUN
fbem-28715	127	13	to	to	PART
fbem-28715	127	14	value	value	VERB
fbem-28715	127	15	the	the	DET
fbem-28715	127	16	interest	interest	NOUN
fbem-28715	127	17	of	of	ADP
fbem-28715	127	18	all	all	DET
fbem-28715	127	19	the	the	DET
fbem-28715	127	20	stakeholders	stakeholder	NOUN
fbem-28715	127	21	makes	make	VERB
fbem-28715	127	22	it	it	PRON
fbem-28715	127	23	the	the	DET
fbem-28715	127	24	ideal	ideal	ADJ
fbem-28715	127	25	theoretical	theoretical	ADJ
fbem-28715	127	26	foundation	foundation	NOUN
fbem-28715	127	27	to	to	PART
fbem-28715	127	28	support	support	VERB
fbem-28715	127	29	our	our	PRON
fbem-28715	127	30	research	research	NOUN
fbem-28715	127	31	on	on	ADP
fbem-28715	127	32	the	the	DET
fbem-28715	127	33	influence	influence	NOUN
fbem-28715	127	34	of	of	ADP
fbem-28715	127	35	environmental	environmental	ADJ
fbem-28715	127	36	,	,	PUNCT
fbem-28715	127	37	social	social	ADJ
fbem-28715	127	38	and	and	CCONJ
fbem-28715	127	39	corporate	corporate	ADJ
fbem-28715	127	40	governance	governance	NOUN
fbem-28715	127	41	(	(	PUNCT
fbem-28715	127	42	esg	esg	NOUN
fbem-28715	127	43	)	)	PUNCT
fbem-28715	127	44	on	on	ADP
fbem-28715	127	45	earnings	earning	NOUN
fbem-28715	127	46	volatility	volatility	NOUN
fbem-28715	127	47	since	since	SCONJ
fbem-28715	127	48	it	it	PRON
fbem-28715	127	49	touches	touch	VERB
fbem-28715	127	50	immensely	immensely	ADV
fbem-28715	127	51	the	the	DET
fbem-28715	127	52	interest	interest	NOUN
fbem-28715	127	53	of	of	ADP
fbem-28715	127	54	the	the	DET
fbem-28715	127	55	stakeholders	stakeholder	NOUN
fbem-28715	127	56	.	.	PUNCT
fbem-28715	128	1	2.5.2	2.5.2	NUM
fbem-28715	128	2	.	.	PUNCT
fbem-28715	128	3	resource	resource	NOUN
fbem-28715	128	4	dependency	dependency	NOUN
fbem-28715	128	5	theory	theory	NOUN
fbem-28715	128	6	without	without	ADP
fbem-28715	128	7	resources	resource	NOUN
fbem-28715	128	8	such	such	ADJ
fbem-28715	128	9	as	as	ADP
fbem-28715	128	10	human	human	ADJ
fbem-28715	128	11	resources	resource	NOUN
fbem-28715	128	12	,	,	PUNCT
fbem-28715	128	13	financial	financial	ADJ
fbem-28715	128	14	480	480	NUM
fbem-28715	128	15	resources	resource	NOUN
fbem-28715	128	16	,	,	PUNCT
fbem-28715	128	17	technological	technological	ADJ
fbem-28715	128	18	resource	resource	NOUN
fbem-28715	128	19	and	and	CCONJ
fbem-28715	128	20	many	many	ADJ
fbem-28715	128	21	others	other	NOUN
fbem-28715	128	22	,	,	PUNCT
fbem-28715	128	23	firms	firm	NOUN
fbem-28715	128	24	can	can	AUX
fbem-28715	128	25	not	not	PART
fbem-28715	128	26	thrive	thrive	VERB
fbem-28715	128	27	in	in	ADP
fbem-28715	128	28	their	their	PRON
fbem-28715	128	29	day	day	NOUN
fbem-28715	128	30	to	to	ADP
fbem-28715	128	31	day	day	NOUN
fbem-28715	128	32	operations	operation	NOUN
fbem-28715	128	33	.	.	PUNCT
fbem-28715	129	1	in	in	ADP
fbem-28715	129	2	light	light	NOUN
fbem-28715	129	3	of	of	ADP
fbem-28715	129	4	these	these	DET
fbem-28715	129	5	considerations	consideration	NOUN
fbem-28715	129	6	,	,	PUNCT
fbem-28715	129	7	the	the	DET
fbem-28715	129	8	resource	resource	NOUN
fbem-28715	129	9	dependence	dependence	NOUN
fbem-28715	129	10	theory	theory	NOUN
fbem-28715	129	11	was	be	AUX
fbem-28715	129	12	developed	develop	VERB
fbem-28715	129	13	by	by	ADP
fbem-28715	129	14	[	[	X
fbem-28715	129	15	30	30	NUM
fbem-28715	129	16	,	,	PUNCT
fbem-28715	129	17	47	47	NUM
fbem-28715	129	18	]	]	PUNCT
fbem-28715	129	19	and	and	CCONJ
fbem-28715	129	20	made	make	VERB
fbem-28715	129	21	available	available	ADJ
fbem-28715	129	22	to	to	ADP
fbem-28715	129	23	the	the	DET
fbem-28715	129	24	public	public	NOUN
fbem-28715	129	25	through	through	ADP
fbem-28715	129	26	a	a	DET
fbem-28715	129	27	published	publish	VERB
fbem-28715	129	28	book	book	NOUN
fbem-28715	129	29	titled	title	VERB
fbem-28715	129	30	“	"	PUNCT
fbem-28715	129	31	the	the	DET
fbem-28715	129	32	external	external	ADJ
fbem-28715	129	33	control	control	NOUN
fbem-28715	129	34	of	of	ADP
fbem-28715	129	35	organizations	organization	NOUN
fbem-28715	129	36	:	:	PUNCT
fbem-28715	129	37	a	a	DET
fbem-28715	129	38	resource	resource	NOUN
fbem-28715	129	39	dependence	dependence	NOUN
fbem-28715	129	40	perspective	perspective	NOUN
fbem-28715	129	41	”	"	PUNCT
fbem-28715	129	42	.	.	PUNCT
fbem-28715	130	1	since	since	SCONJ
fbem-28715	130	2	its	its	PRON
fbem-28715	130	3	inception	inception	NOUN
fbem-28715	130	4	,	,	PUNCT
fbem-28715	130	5	the	the	DET
fbem-28715	130	6	resource	resource	NOUN
fbem-28715	130	7	dependence	dependence	NOUN
fbem-28715	130	8	theory	theory	NOUN
fbem-28715	130	9	(	(	PUNCT
fbem-28715	130	10	rdt	rdt	PROPN
fbem-28715	130	11	)	)	PUNCT
fbem-28715	130	12	has	have	AUX
fbem-28715	130	13	become	become	VERB
fbem-28715	130	14	one	one	NUM
fbem-28715	130	15	the	the	DET
fbem-28715	130	16	most	most	ADV
fbem-28715	130	17	influential	influential	ADJ
fbem-28715	130	18	theories	theory	NOUN
fbem-28715	130	19	in	in	ADP
fbem-28715	130	20	organizational	organizational	ADJ
fbem-28715	130	21	theory	theory	NOUN
fbem-28715	130	22	and	and	CCONJ
fbem-28715	130	23	strategic	strategic	ADJ
fbem-28715	130	24	management	management	NOUN
fbem-28715	130	25	[	[	X
fbem-28715	130	26	48	48	NUM
fbem-28715	130	27	]	]	PUNCT
fbem-28715	130	28	.	.	PUNCT
fbem-28715	131	1	resource	resource	NOUN
fbem-28715	131	2	dependence	dependence	NOUN
fbem-28715	131	3	theory	theory	NOUN
fbem-28715	131	4	(	(	PUNCT
fbem-28715	131	5	rdt	rdt	PROPN
fbem-28715	131	6	)	)	PUNCT
fbem-28715	131	7	states	state	NOUN
fbem-28715	131	8	that	that	SCONJ
fbem-28715	131	9	all	all	DET
fbem-28715	131	10	organizations	organization	NOUN
fbem-28715	131	11	depend	depend	VERB
fbem-28715	131	12	on	on	ADP
fbem-28715	131	13	each	each	DET
fbem-28715	131	14	other	other	ADJ
fbem-28715	131	15	in	in	ADP
fbem-28715	131	16	the	the	DET
fbem-28715	131	17	external	external	ADJ
fbem-28715	131	18	environment	environment	NOUN
fbem-28715	131	19	for	for	ADP
fbem-28715	131	20	provision	provision	NOUN
fbem-28715	131	21	of	of	ADP
fbem-28715	131	22	important	important	ADJ
fbem-28715	131	23	resources	resource	NOUN
fbem-28715	131	24	.	.	PUNCT
fbem-28715	132	1	resources	resource	NOUN
fbem-28715	132	2	dependency	dependency	NOUN
fbem-28715	132	3	theory	theory	NOUN
fbem-28715	132	4	(	(	PUNCT
fbem-28715	132	5	rdt	rdt	PROPN
fbem-28715	132	6	)	)	PUNCT
fbem-28715	132	7	highlights	highlight	VERB
fbem-28715	132	8	the	the	DET
fbem-28715	132	9	importance	importance	NOUN
fbem-28715	132	10	of	of	ADP
fbem-28715	132	11	the	the	DET
fbem-28715	132	12	external	external	ADJ
fbem-28715	132	13	environment	environment	NOUN
fbem-28715	132	14	in	in	ADP
fbem-28715	132	15	the	the	DET
fbem-28715	132	16	operation	operation	NOUN
fbem-28715	132	17	of	of	ADP
fbem-28715	132	18	the	the	DET
fbem-28715	132	19	business	business	NOUN
fbem-28715	132	20	.	.	PUNCT
fbem-28715	133	1	[	[	X
fbem-28715	133	2	30	30	NUM
fbem-28715	133	3	,	,	PUNCT
fbem-28715	133	4	47	47	NUM
fbem-28715	133	5	]	]	PUNCT
fbem-28715	133	6	gives	give	VERB
fbem-28715	133	7	various	various	ADJ
fbem-28715	133	8	contributions	contribution	NOUN
fbem-28715	133	9	about	about	ADP
fbem-28715	133	10	theory	theory	NOUN
fbem-28715	133	11	’s	’s	PART
fbem-28715	133	12	perspective	perspective	NOUN
fbem-28715	133	13	and	and	CCONJ
fbem-28715	133	14	interorganizational	interorganizational	ADJ
fbem-28715	133	15	relations	relation	NOUN
fbem-28715	133	16	which	which	PRON
fbem-28715	133	17	includes	include	VERB
fbem-28715	133	18	,	,	PUNCT
fbem-28715	133	19	firstly	firstly	ADV
fbem-28715	133	20	,	,	PUNCT
fbem-28715	133	21	understanding	understanding	NOUN
fbem-28715	133	22	of	of	ADP
fbem-28715	133	23	the	the	DET
fbem-28715	133	24	society	society	NOUN
fbem-28715	133	25	is	be	AUX
fbem-28715	133	26	vital	vital	ADJ
fbem-28715	133	27	for	for	ADP
fbem-28715	133	28	organizations	organization	NOUN
fbem-28715	133	29	since	since	SCONJ
fbem-28715	133	30	organizations	organization	NOUN
fbem-28715	133	31	do	do	AUX
fbem-28715	133	32	not	not	PART
fbem-28715	133	33	exist	exist	VERB
fbem-28715	133	34	in	in	ADP
fbem-28715	133	35	isolation	isolation	NOUN
fbem-28715	133	36	but	but	CCONJ
fbem-28715	133	37	are	be	AUX
fbem-28715	133	38	surrounded	surround	VERB
fbem-28715	133	39	by	by	ADP
fbem-28715	133	40	a	a	DET
fbem-28715	133	41	social	social	ADJ
fbem-28715	133	42	structure	structure	NOUN
fbem-28715	133	43	which	which	PRON
fbem-28715	133	44	includes	include	VERB
fbem-28715	133	45	networks	network	NOUN
fbem-28715	133	46	of	of	ADP
fbem-28715	133	47	relationships	relationship	NOUN
fbem-28715	133	48	,	,	PUNCT
fbem-28715	133	49	cultural	cultural	ADJ
fbem-28715	133	50	values	value	NOUN
fbem-28715	133	51	and	and	CCONJ
fbem-28715	133	52	norms	norm	NOUN
fbem-28715	133	53	.	.	PUNCT
fbem-28715	134	1	understanding	understand	VERB
fbem-28715	134	2	society	society	NOUN
fbem-28715	134	3	helps	help	VERB
fbem-28715	134	4	in	in	ADP
fbem-28715	134	5	getting	get	VERB
fbem-28715	134	6	to	to	PART
fbem-28715	134	7	know	know	VERB
fbem-28715	134	8	where	where	SCONJ
fbem-28715	134	9	the	the	DET
fbem-28715	134	10	resources	resource	NOUN
fbem-28715	134	11	are	be	AUX
fbem-28715	134	12	and	and	CCONJ
fbem-28715	134	13	how	how	SCONJ
fbem-28715	134	14	they	they	PRON
fbem-28715	134	15	can	can	AUX
fbem-28715	134	16	be	be	AUX
fbem-28715	134	17	acquired	acquire	VERB
fbem-28715	134	18	.	.	PUNCT
fbem-28715	135	1	another	another	DET
fbem-28715	135	2	perspective	perspective	NOUN
fbem-28715	135	3	is	be	AUX
fbem-28715	135	4	that	that	SCONJ
fbem-28715	135	5	organizations	organization	NOUN
fbem-28715	135	6	are	be	AUX
fbem-28715	135	7	not	not	PART
fbem-28715	135	8	autonomous	autonomous	ADJ
fbem-28715	135	9	,	,	PUNCT
fbem-28715	135	10	but	but	CCONJ
fbem-28715	135	11	rely	rely	VERB
fbem-28715	135	12	on	on	ADP
fbem-28715	135	13	other	other	ADJ
fbem-28715	135	14	organizations	organization	NOUN
fbem-28715	135	15	for	for	ADP
fbem-28715	135	16	survival	survival	NOUN
fbem-28715	135	17	[	[	X
fbem-28715	135	18	30	30	NUM
fbem-28715	135	19	,	,	PUNCT
fbem-28715	135	20	47	47	NUM
fbem-28715	135	21	]	]	PUNCT
fbem-28715	135	22	.	.	PUNCT
fbem-28715	136	1	additionally	additionally	ADV
fbem-28715	136	2	,	,	PUNCT
fbem-28715	136	3	uncertainties	uncertainty	NOUN
fbem-28715	136	4	about	about	ADP
fbem-28715	136	5	the	the	DET
fbem-28715	136	6	actions	action	NOUN
fbem-28715	136	7	the	the	DET
fbem-28715	136	8	organization	organization	NOUN
fbem-28715	136	9	that	that	PRON
fbem-28715	136	10	the	the	DET
fbem-28715	136	11	business	business	NOUN
fbem-28715	136	12	relies	rely	VERB
fbem-28715	136	13	on	on	ADP
fbem-28715	136	14	,	,	PUNCT
fbem-28715	136	15	makes	make	VERB
fbem-28715	136	16	the	the	DET
fbem-28715	136	17	success	success	NOUN
fbem-28715	136	18	and	and	CCONJ
fbem-28715	136	19	survival	survival	NOUN
fbem-28715	136	20	of	of	ADP
fbem-28715	136	21	the	the	DET
fbem-28715	136	22	business	business	NOUN
fbem-28715	136	23	also	also	ADV
fbem-28715	136	24	uncertain	uncertain	ADJ
fbem-28715	136	25	[	[	X
fbem-28715	136	26	48	48	NUM
fbem-28715	136	27	]	]	PUNCT
fbem-28715	136	28	.	.	PUNCT
fbem-28715	137	1	it	it	PRON
fbem-28715	137	2	is	be	AUX
fbem-28715	137	3	due	due	ADJ
fbem-28715	137	4	to	to	ADP
fbem-28715	137	5	such	such	ADJ
fbem-28715	137	6	uncertainties	uncertainty	NOUN
fbem-28715	137	7	that	that	SCONJ
fbem-28715	137	8	organizations	organization	NOUN
fbem-28715	137	9	take	take	VERB
fbem-28715	137	10	measures	measure	NOUN
fbem-28715	137	11	to	to	PART
fbem-28715	137	12	manage	manage	VERB
fbem-28715	137	13	the	the	DET
fbem-28715	137	14	external	external	ADJ
fbem-28715	137	15	dependencies	dependency	NOUN
fbem-28715	137	16	through	through	ADP
fbem-28715	137	17	joint	joint	ADJ
fbem-28715	137	18	venture	venture	NOUN
fbem-28715	137	19	,	,	PUNCT
fbem-28715	137	20	mergers	merger	NOUN
fbem-28715	137	21	and	and	CCONJ
fbem-28715	137	22	acquisition	acquisition	NOUN
fbem-28715	137	23	etc	etc	X
fbem-28715	138	1	[	[	X
fbem-28715	138	2	30	30	NUM
fbem-28715	138	3	,	,	PUNCT
fbem-28715	138	4	47	47	NUM
fbem-28715	138	5	,	,	PUNCT
fbem-28715	138	6	48	48	NUM
fbem-28715	138	7	]	]	PUNCT
fbem-28715	138	8	.	.	PUNCT
fbem-28715	139	1	it	it	PRON
fbem-28715	139	2	is	be	AUX
fbem-28715	139	3	through	through	ADP
fbem-28715	139	4	managing	manage	VERB
fbem-28715	139	5	the	the	DET
fbem-28715	139	6	external	external	ADJ
fbem-28715	139	7	dependencies	dependency	NOUN
fbem-28715	139	8	that	that	PRON
fbem-28715	139	9	organization	organization	NOUN
fbem-28715	139	10	get	get	VERB
fbem-28715	139	11	the	the	DET
fbem-28715	139	12	power	power	NOUN
fbem-28715	139	13	to	to	PART
fbem-28715	139	14	influence	influence	VERB
fbem-28715	139	15	other	other	ADJ
fbem-28715	139	16	organizations	organization	NOUN
fbem-28715	139	17	in	in	ADP
fbem-28715	139	18	the	the	DET
fbem-28715	139	19	external	external	ADJ
fbem-28715	139	20	environment	environment	NOUN
fbem-28715	139	21	and	and	CCONJ
fbem-28715	139	22	minimize	minimize	VERB
fbem-28715	139	23	dependence	dependence	NOUN
fbem-28715	139	24	on	on	ADP
fbem-28715	139	25	other	other	ADJ
fbem-28715	139	26	organizations	organization	NOUN
fbem-28715	139	27	.	.	PUNCT
fbem-28715	140	1	moving	move	VERB
fbem-28715	140	2	on	on	ADV
fbem-28715	140	3	,	,	PUNCT
fbem-28715	140	4	managing	manage	VERB
fbem-28715	140	5	external	external	ADJ
fbem-28715	140	6	dependencies	dependency	NOUN
fbem-28715	140	7	as	as	SCONJ
fbem-28715	140	8	highlighted	highlight	VERB
fbem-28715	140	9	in	in	ADP
fbem-28715	140	10	the	the	DET
fbem-28715	140	11	previous	previous	ADJ
fbem-28715	140	12	paragraph	paragraph	NOUN
fbem-28715	140	13	is	be	AUX
fbem-28715	140	14	the	the	DET
fbem-28715	140	15	goal	goal	NOUN
fbem-28715	140	16	of	of	ADP
fbem-28715	140	17	many	many	ADJ
fbem-28715	140	18	businesses	business	NOUN
fbem-28715	140	19	.	.	PUNCT
fbem-28715	141	1	organization	organization	NOUN
fbem-28715	141	2	’s	’s	PART
fbem-28715	141	3	aim	aim	NOUN
fbem-28715	141	4	is	be	AUX
fbem-28715	141	5	to	to	PART
fbem-28715	141	6	avoid	avoid	VERB
fbem-28715	141	7	depending	depend	VERB
fbem-28715	141	8	on	on	ADP
fbem-28715	141	9	other	other	ADJ
fbem-28715	141	10	organizations	organization	NOUN
fbem-28715	141	11	for	for	ADP
fbem-28715	141	12	resources	resource	NOUN
fbem-28715	141	13	.	.	PUNCT
fbem-28715	142	1	inasmuch	inasmuch	ADJ
fbem-28715	142	2	as	as	SCONJ
fbem-28715	142	3	it	it	PRON
fbem-28715	142	4	is	be	AUX
fbem-28715	142	5	difficult	difficult	ADJ
fbem-28715	142	6	to	to	PART
fbem-28715	142	7	be	be	AUX
fbem-28715	142	8	autonomous	autonomous	ADJ
fbem-28715	142	9	,	,	PUNCT
fbem-28715	142	10	managing	manage	VERB
fbem-28715	142	11	the	the	DET
fbem-28715	142	12	external	external	ADJ
fbem-28715	142	13	dependencies	dependency	NOUN
fbem-28715	142	14	minimizes	minimize	VERB
fbem-28715	142	15	uncertainties	uncertainty	NOUN
fbem-28715	142	16	that	that	PRON
fbem-28715	142	17	come	come	VERB
fbem-28715	142	18	with	with	ADP
fbem-28715	142	19	depending	depend	VERB
fbem-28715	142	20	on	on	ADP
fbem-28715	142	21	other	other	ADJ
fbem-28715	142	22	organizations	organization	NOUN
fbem-28715	142	23	.	.	PUNCT
fbem-28715	143	1	some	some	PRON
fbem-28715	143	2	of	of	ADP
fbem-28715	143	3	the	the	DET
fbem-28715	143	4	uncertainties	uncertainty	NOUN
fbem-28715	143	5	for	for	ADP
fbem-28715	143	6	depending	depend	VERB
fbem-28715	143	7	on	on	ADP
fbem-28715	143	8	external	external	ADJ
fbem-28715	143	9	factors	factor	NOUN
fbem-28715	143	10	include	include	VERB
fbem-28715	143	11	price	price	NOUN
fbem-28715	143	12	fluctuations	fluctuation	NOUN
fbem-28715	143	13	,	,	PUNCT
fbem-28715	143	14	technological	technological	ADJ
fbem-28715	143	15	changes	change	NOUN
fbem-28715	143	16	,	,	PUNCT
fbem-28715	143	17	delays	delay	NOUN
fbem-28715	143	18	in	in	ADP
fbem-28715	143	19	the	the	DET
fbem-28715	143	20	production	production	NOUN
fbem-28715	143	21	process	process	NOUN
fbem-28715	143	22	,	,	PUNCT
fbem-28715	143	23	market	market	NOUN
fbem-28715	143	24	changes	change	NOUN
fbem-28715	143	25	and	and	CCONJ
fbem-28715	143	26	many	many	ADJ
fbem-28715	143	27	more	more	ADJ
fbem-28715	143	28	.	.	PUNCT
fbem-28715	144	1	therefore	therefore	ADV
fbem-28715	144	2	,	,	PUNCT
fbem-28715	144	3	to	to	PART
fbem-28715	144	4	minimize	minimize	VERB
fbem-28715	144	5	these	these	DET
fbem-28715	144	6	adverse	adverse	ADJ
fbem-28715	144	7	outcomes	outcome	NOUN
fbem-28715	144	8	,	,	PUNCT
fbem-28715	144	9	[	[	X
fbem-28715	144	10	47	47	NUM
fbem-28715	144	11	]	]	PUNCT
fbem-28715	144	12	proposed	propose	VERB
fbem-28715	144	13	these	these	DET
fbem-28715	144	14	five	five	NUM
fbem-28715	144	15	possible	possible	ADJ
fbem-28715	144	16	actions	action	NOUN
fbem-28715	144	17	which	which	PRON
fbem-28715	144	18	include	include	VERB
fbem-28715	144	19	,	,	PUNCT
fbem-28715	144	20	mergers	merger	NOUN
fbem-28715	144	21	,	,	PUNCT
fbem-28715	144	22	resource	resource	NOUN
fbem-28715	144	23	dependency	dependency	NOUN
fbem-28715	144	24	theory	theory	NOUN
fbem-28715	144	25	(	(	PUNCT
fbem-28715	144	26	rdt	rdt	PROPN
fbem-28715	144	27	)	)	PUNCT
fbem-28715	144	28	posits	posit	NOUN
fbem-28715	144	29	that	that	PRON
fbem-28715	144	30	companies	company	NOUN
fbem-28715	144	31	make	make	VERB
fbem-28715	144	32	mergers	merger	NOUN
fbem-28715	144	33	and	and	CCONJ
fbem-28715	144	34	acquisitions	acquisition	NOUN
fbem-28715	144	35	to	to	PART
fbem-28715	144	36	reduce	reduce	VERB
fbem-28715	144	37	competition	competition	NOUN
fbem-28715	144	38	by	by	ADP
fbem-28715	144	39	acquiring	acquire	VERB
fbem-28715	144	40	a	a	DET
fbem-28715	144	41	significant	significant	ADJ
fbem-28715	144	42	competitor	competitor	NOUN
fbem-28715	144	43	,	,	PUNCT
fbem-28715	144	44	to	to	PART
fbem-28715	144	45	manage	manage	VERB
fbem-28715	144	46	external	external	ADJ
fbem-28715	144	47	independencies	independency	NOUN
fbem-28715	144	48	by	by	ADP
fbem-28715	144	49	absorbing	absorb	VERB
fbem-28715	144	50	key	key	ADJ
fbem-28715	144	51	actors	actor	NOUN
fbem-28715	144	52	in	in	ADP
fbem-28715	144	53	the	the	DET
fbem-28715	144	54	supply	supply	NOUN
fbem-28715	144	55	chain	chain	NOUN
fbem-28715	144	56	and	and	CCONJ
fbem-28715	144	57	diversification	diversification	NOUN
fbem-28715	144	58	to	to	PART
fbem-28715	144	59	also	also	ADV
fbem-28715	144	60	reduce	reduce	VERB
fbem-28715	144	61	dependence	dependence	NOUN
fbem-28715	144	62	[	[	X
fbem-28715	144	63	49	49	NUM
fbem-28715	144	64	]	]	PUNCT
fbem-28715	144	65	.	.	PUNCT
fbem-28715	145	1	more	more	ADV
fbem-28715	145	2	so	so	ADV
fbem-28715	145	3	,	,	PUNCT
fbem-28715	145	4	joint	joint	ADJ
fbem-28715	145	5	ventures	venture	NOUN
fbem-28715	145	6	,	,	PUNCT
fbem-28715	145	7	the	the	DET
fbem-28715	145	8	formation	formation	NOUN
fbem-28715	145	9	of	of	ADP
fbem-28715	145	10	joint	joint	ADJ
fbem-28715	145	11	ventures	venture	NOUN
fbem-28715	145	12	helps	help	VERB
fbem-28715	145	13	in	in	ADP
fbem-28715	145	14	acquisition	acquisition	NOUN
fbem-28715	145	15	of	of	ADP
fbem-28715	145	16	resources	resource	NOUN
fbem-28715	145	17	to	to	PART
fbem-28715	145	18	lessen	lessen	VERB
fbem-28715	145	19	interdependence	interdependence	NOUN
fbem-28715	145	20	and	and	CCONJ
fbem-28715	145	21	uncertainty	uncertainty	NOUN
fbem-28715	145	22	.	.	PUNCT
fbem-28715	146	1	[	[	X
fbem-28715	146	2	47	47	NUM
fbem-28715	146	3	]	]	PUNCT
fbem-28715	146	4	stated	state	VERB
fbem-28715	146	5	that	that	SCONJ
fbem-28715	146	6	a	a	DET
fbem-28715	146	7	joint	joint	ADJ
fbem-28715	146	8	venture	venture	NOUN
fbem-28715	146	9	and	and	CCONJ
fbem-28715	146	10	other	other	ADJ
fbem-28715	146	11	interorganizational	interorganizational	ADJ
fbem-28715	146	12	relationship	relationship	NOUN
fbem-28715	146	13	only	only	ADV
fbem-28715	146	14	allow	allow	VERB
fbem-28715	146	15	a	a	DET
fbem-28715	146	16	partial	partial	ADJ
fbem-28715	146	17	absorption	absorption	NOUN
fbem-28715	146	18	unlike	unlike	ADP
fbem-28715	146	19	mergers	merger	NOUN
fbem-28715	146	20	and	and	CCONJ
fbem-28715	146	21	acquisitions	acquisition	NOUN
fbem-28715	146	22	which	which	PRON
fbem-28715	146	23	goes	go	VERB
fbem-28715	146	24	for	for	ADP
fbem-28715	146	25	a	a	DET
fbem-28715	146	26	full	full	ADJ
fbem-28715	146	27	absorption	absorption	NOUN
fbem-28715	146	28	.	.	PUNCT
fbem-28715	147	1	[	[	X
fbem-28715	147	2	47	47	NUM
fbem-28715	147	3	]	]	PUNCT
fbem-28715	147	4	also	also	ADV
fbem-28715	147	5	suggest	suggest	VERB
fbem-28715	147	6	that	that	SCONJ
fbem-28715	147	7	boards	board	NOUN
fbem-28715	147	8	of	of	ADP
fbem-28715	147	9	directors	director	NOUN
fbem-28715	147	10	in	in	ADP
fbem-28715	147	11	a	a	DET
fbem-28715	147	12	company	company	NOUN
fbem-28715	147	13	are	be	AUX
fbem-28715	147	14	another	another	DET
fbem-28715	147	15	way	way	NOUN
fbem-28715	147	16	of	of	ADP
fbem-28715	147	17	minimizing	minimize	VERB
fbem-28715	147	18	environment	environment	NOUN
fbem-28715	147	19	dependence	dependence	NOUN
fbem-28715	147	20	.	.	PUNCT
fbem-28715	148	1	board	board	NOUN
fbem-28715	148	2	of	of	ADP
fbem-28715	148	3	directors	director	NOUN
fbem-28715	148	4	are	be	AUX
fbem-28715	148	5	not	not	PART
fbem-28715	148	6	only	only	ADV
fbem-28715	148	7	capable	capable	ADJ
fbem-28715	148	8	of	of	ADP
fbem-28715	148	9	distributing	distribute	VERB
fbem-28715	148	10	information	information	NOUN
fbem-28715	148	11	informed	inform	VERB
fbem-28715	148	12	by	by	ADP
fbem-28715	148	13	counsel	counsel	NOUN
fbem-28715	148	14	but	but	CCONJ
fbem-28715	148	15	also	also	ADV
fbem-28715	148	16	information	information	NOUN
fbem-28715	148	17	with	with	ADP
fbem-28715	148	18	regards	regard	NOUN
fbem-28715	148	19	to	to	ADP
fbem-28715	148	20	access	access	NOUN
fbem-28715	148	21	of	of	ADP
fbem-28715	148	22	resources	resource	NOUN
fbem-28715	148	23	that	that	PRON
fbem-28715	148	24	a	a	DET
fbem-28715	148	25	firm	firm	NOUN
fbem-28715	148	26	needs	need	NOUN
fbem-28715	148	27	,	,	PUNCT
fbem-28715	148	28	which	which	PRON
fbem-28715	148	29	includes	include	VERB
fbem-28715	148	30	financial	financial	ADJ
fbem-28715	148	31	resources	resource	NOUN
fbem-28715	148	32	.	.	PUNCT
fbem-28715	149	1	political	political	ADJ
fbem-28715	149	2	actions	action	NOUN
fbem-28715	149	3	,	,	PUNCT
fbem-28715	149	4	firms	firm	NOUN
fbem-28715	149	5	engage	engage	VERB
fbem-28715	149	6	in	in	ADP
fbem-28715	149	7	political	political	ADJ
fbem-28715	149	8	activities	activity	NOUN
fbem-28715	149	9	such	such	ADJ
fbem-28715	149	10	as	as	ADP
fbem-28715	149	11	lobbying	lobby	VERB
fbem-28715	149	12	,	,	PUNCT
fbem-28715	149	13	or	or	CCONJ
fbem-28715	149	14	supporting	support	VERB
fbem-28715	149	15	political	political	ADJ
fbem-28715	149	16	campaigns	campaign	NOUN
fbem-28715	149	17	to	to	PART
fbem-28715	149	18	gain	gain	VERB
fbem-28715	149	19	access	access	NOUN
fbem-28715	149	20	to	to	ADP
fbem-28715	149	21	policymakers	policymaker	NOUN
fbem-28715	149	22	or	or	CCONJ
fbem-28715	149	23	decision	decision	NOUN
fbem-28715	149	24	-	-	PUNCT
fbem-28715	149	25	makers	maker	NOUN
fbem-28715	149	26	to	to	PART
fbem-28715	149	27	create	create	VERB
fbem-28715	149	28	policies	policy	NOUN
fbem-28715	149	29	that	that	PRON
fbem-28715	149	30	support	support	VERB
fbem-28715	149	31	their	their	PRON
fbem-28715	149	32	business	business	NOUN
fbem-28715	149	33	,	,	PUNCT
fbem-28715	149	34	thus	thus	ADV
fbem-28715	149	35	reducing	reduce	VERB
fbem-28715	149	36	uncertainties	uncertainty	NOUN
fbem-28715	149	37	or	or	CCONJ
fbem-28715	149	38	interdependencies	interdependency	NOUN
fbem-28715	149	39	.	.	PUNCT
fbem-28715	150	1	lastly	lastly	ADV
fbem-28715	150	2	,	,	PUNCT
fbem-28715	150	3	executive	executive	ADJ
fbem-28715	150	4	succession	succession	NOUN
fbem-28715	150	5	contributes	contribute	VERB
fbem-28715	150	6	in	in	ADP
fbem-28715	150	7	minimizing	minimize	VERB
fbem-28715	150	8	uncertainties	uncertainty	NOUN
fbem-28715	150	9	and	and	CCONJ
fbem-28715	150	10	interdependencies	interdependency	NOUN
fbem-28715	150	11	.	.	PUNCT
fbem-28715	151	1	a	a	DET
fbem-28715	151	2	change	change	NOUN
fbem-28715	151	3	of	of	ADP
fbem-28715	151	4	the	the	DET
fbem-28715	151	5	administrators	administrator	NOUN
fbem-28715	151	6	or	or	CCONJ
fbem-28715	151	7	executives	executive	NOUN
fbem-28715	151	8	can	can	AUX
fbem-28715	151	9	be	be	AUX
fbem-28715	151	10	vital	vital	ADJ
fbem-28715	151	11	in	in	ADP
fbem-28715	151	12	reducing	reduce	VERB
fbem-28715	151	13	organizational	organizational	ADJ
fbem-28715	151	14	problems	problem	NOUN
fbem-28715	151	15	,	,	PUNCT
fbem-28715	151	16	resulting	result	VERB
fbem-28715	151	17	in	in	ADP
fbem-28715	151	18	reduced	reduce	VERB
fbem-28715	151	19	uncertainties	uncertainty	NOUN
fbem-28715	151	20	.	.	PUNCT
fbem-28715	152	1	based	base	VERB
fbem-28715	152	2	on	on	ADP
fbem-28715	152	3	this	this	PRON
fbem-28715	152	4	understand	understand	VERB
fbem-28715	152	5	the	the	DET
fbem-28715	152	6	resource	resource	NOUN
fbem-28715	152	7	dependency	dependency	NOUN
fbem-28715	152	8	theory	theory	NOUN
fbem-28715	152	9	(	(	PUNCT
fbem-28715	152	10	rdt	rdt	PROPN
fbem-28715	152	11	)	)	PUNCT
fbem-28715	152	12	is	be	AUX
fbem-28715	152	13	used	use	VERB
fbem-28715	152	14	an	an	DET
fbem-28715	152	15	underlying	underlying	ADJ
fbem-28715	152	16	theory	theory	NOUN
fbem-28715	152	17	for	for	ADP
fbem-28715	152	18	financial	financial	ADJ
fbem-28715	152	19	constraints	constraint	NOUN
fbem-28715	152	20	as	as	ADP
fbem-28715	152	21	a	a	DET
fbem-28715	152	22	mediator	mediator	NOUN
fbem-28715	152	23	in	in	ADP
fbem-28715	152	24	our	our	PRON
fbem-28715	152	25	study	study	NOUN
fbem-28715	152	26	.	.	PUNCT
fbem-28715	153	1	3	3	X
fbem-28715	153	2	.	.	X
fbem-28715	153	3	hypotheses	hypothesis	NOUN
fbem-28715	153	4	development	development	NOUN
fbem-28715	153	5	3.1	3.1	NUM
fbem-28715	153	6	.	.	PUNCT
fbem-28715	154	1	esg	esg	NOUN
fbem-28715	154	2	and	and	CCONJ
fbem-28715	154	3	earnings	earning	NOUN
fbem-28715	154	4	volatility	volatility	NOUN
fbem-28715	154	5	stakeholder	stakeholder	NOUN
fbem-28715	154	6	theory	theory	NOUN
fbem-28715	154	7	stated	state	VERB
fbem-28715	154	8	that	that	SCONJ
fbem-28715	154	9	the	the	DET
fbem-28715	154	10	company	company	NOUN
fbem-28715	154	11	should	should	AUX
fbem-28715	154	12	consider	consider	VERB
fbem-28715	154	13	not	not	PART
fbem-28715	154	14	just	just	ADV
fbem-28715	154	15	its	its	PRON
fbem-28715	154	16	shareholders	shareholder	NOUN
fbem-28715	154	17	but	but	CCONJ
fbem-28715	154	18	the	the	DET
fbem-28715	154	19	external	external	ADJ
fbem-28715	154	20	stakeholders	stakeholder	NOUN
fbem-28715	154	21	since	since	SCONJ
fbem-28715	154	22	they	they	PRON
fbem-28715	154	23	affect	affect	VERB
fbem-28715	154	24	and	and	CCONJ
fbem-28715	154	25	are	be	AUX
fbem-28715	154	26	affected	affect	VERB
fbem-28715	154	27	by	by	ADP
fbem-28715	154	28	the	the	DET
fbem-28715	154	29	firm	firm	NOUN
fbem-28715	154	30	directly	directly	ADV
fbem-28715	154	31	or	or	CCONJ
fbem-28715	154	32	indirectly	indirectly	ADV
fbem-28715	154	33	[	[	X
fbem-28715	154	34	45	45	NUM
fbem-28715	154	35	]	]	PUNCT
fbem-28715	154	36	.	.	PUNCT
fbem-28715	155	1	various	various	ADJ
fbem-28715	155	2	stakeholders	stakeholder	NOUN
fbem-28715	155	3	such	such	ADJ
fbem-28715	155	4	as	as	ADP
fbem-28715	155	5	investors	investor	NOUN
fbem-28715	155	6	,	,	PUNCT
fbem-28715	155	7	lenders	lender	NOUN
fbem-28715	155	8	and	and	CCONJ
fbem-28715	155	9	customers	customer	NOUN
fbem-28715	155	10	are	be	AUX
fbem-28715	155	11	impacted	impact	VERB
fbem-28715	155	12	by	by	ADP
fbem-28715	155	13	the	the	DET
fbem-28715	155	14	environmental	environmental	ADJ
fbem-28715	155	15	,	,	PUNCT
fbem-28715	155	16	social	social	ADJ
fbem-28715	155	17	and	and	CCONJ
fbem-28715	155	18	corporate	corporate	ADJ
fbem-28715	155	19	governance	governance	NOUN
fbem-28715	155	20	(	(	PUNCT
fbem-28715	155	21	esg	esg	NOUN
fbem-28715	155	22	)	)	PUNCT
fbem-28715	155	23	performance	performance	NOUN
fbem-28715	155	24	of	of	ADP
fbem-28715	155	25	the	the	DET
fbem-28715	155	26	company	company	NOUN
fbem-28715	155	27	due	due	ADP
fbem-28715	155	28	to	to	ADP
fbem-28715	155	29	its	its	PRON
fbem-28715	155	30	impact	impact	NOUN
fbem-28715	155	31	on	on	ADP
fbem-28715	155	32	the	the	DET
fbem-28715	155	33	company	company	NOUN
fbem-28715	155	34	’s	’s	PART
fbem-28715	155	35	earnings	earning	NOUN
fbem-28715	155	36	volatility	volatility	NOUN
fbem-28715	155	37	.	.	PUNCT
fbem-28715	156	1	according	accord	VERB
fbem-28715	156	2	to	to	ADP
fbem-28715	156	3	studies	study	NOUN
fbem-28715	156	4	,	,	PUNCT
fbem-28715	156	5	investors	investor	NOUN
fbem-28715	156	6	and	and	CCONJ
fbem-28715	156	7	lenders	lender	NOUN
fbem-28715	156	8	pay	pay	VERB
fbem-28715	156	9	more	more	ADJ
fbem-28715	156	10	attention	attention	NOUN
fbem-28715	156	11	to	to	ADP
fbem-28715	156	12	how	how	SCONJ
fbem-28715	156	13	firms	firm	NOUN
fbem-28715	156	14	perform	perform	VERB
fbem-28715	156	15	with	with	ADP
fbem-28715	156	16	regards	regard	NOUN
fbem-28715	156	17	to	to	ADP
fbem-28715	156	18	environmental	environmental	ADJ
fbem-28715	156	19	,	,	PUNCT
fbem-28715	156	20	social	social	ADJ
fbem-28715	156	21	and	and	CCONJ
fbem-28715	156	22	corporate	corporate	ADJ
fbem-28715	156	23	governance	governance	NOUN
fbem-28715	156	24	(	(	PUNCT
fbem-28715	156	25	esg	esg	NOUN
fbem-28715	156	26	)	)	PUNCT
fbem-28715	156	27	practices	practice	NOUN
fbem-28715	156	28	.	.	PUNCT
fbem-28715	157	1	companies	company	NOUN
fbem-28715	157	2	with	with	ADP
fbem-28715	157	3	a	a	DET
fbem-28715	157	4	good	good	ADJ
fbem-28715	157	5	esg	esg	NOUN
fbem-28715	157	6	score	score	NOUN
fbem-28715	157	7	are	be	AUX
fbem-28715	157	8	able	able	ADJ
fbem-28715	157	9	to	to	PART
fbem-28715	157	10	attract	attract	VERB
fbem-28715	157	11	investors	investor	NOUN
fbem-28715	157	12	,	,	PUNCT
fbem-28715	157	13	experience	experience	VERB
fbem-28715	157	14	a	a	DET
fbem-28715	157	15	reduction	reduction	NOUN
fbem-28715	157	16	in	in	ADP
fbem-28715	157	17	cost	cost	NOUN
fbem-28715	157	18	of	of	ADP
fbem-28715	157	19	debt	debt	NOUN
fbem-28715	157	20	and	and	CCONJ
fbem-28715	157	21	equity	equity	NOUN
fbem-28715	157	22	which	which	PRON
fbem-28715	157	23	in	in	ADP
fbem-28715	157	24	turn	turn	NOUN
fbem-28715	157	25	gives	give	VERB
fbem-28715	157	26	the	the	DET
fbem-28715	157	27	company	company	NOUN
fbem-28715	157	28	enough	enough	ADJ
fbem-28715	157	29	capital	capital	NOUN
fbem-28715	157	30	to	to	PART
fbem-28715	157	31	operate	operate	VERB
fbem-28715	157	32	efficiently	efficiently	ADV
fbem-28715	157	33	,	,	PUNCT
fbem-28715	157	34	manage	manage	VERB
fbem-28715	157	35	risk	risk	NOUN
fbem-28715	157	36	,	,	PUNCT
fbem-28715	157	37	attract	attract	VERB
fbem-28715	157	38	customers	customer	NOUN
fbem-28715	157	39	thus	thus	ADV
fbem-28715	157	40	lowering	lower	VERB
fbem-28715	157	41	earnings	earning	NOUN
fbem-28715	157	42	volatility	volatility	NOUN
fbem-28715	157	43	[	[	X
fbem-28715	157	44	4	4	NUM
fbem-28715	157	45	,	,	PUNCT
fbem-28715	157	46	50	50	NUM
fbem-28715	157	47	]	]	PUNCT
fbem-28715	157	48	.	.	PUNCT
fbem-28715	158	1	in	in	ADP
fbem-28715	158	2	contrast	contrast	NOUN
fbem-28715	158	3	,	,	PUNCT
fbem-28715	158	4	companies	company	NOUN
fbem-28715	158	5	with	with	ADP
fbem-28715	158	6	a	a	DET
fbem-28715	158	7	poor	poor	ADJ
fbem-28715	158	8	esg	esg	NOUN
fbem-28715	158	9	performance	performance	NOUN
fbem-28715	158	10	experience	experience	NOUN
fbem-28715	158	11	high	high	ADJ
fbem-28715	158	12	cost	cost	NOUN
fbem-28715	158	13	of	of	ADP
fbem-28715	158	14	debt	debt	NOUN
fbem-28715	158	15	,	,	PUNCT
fbem-28715	158	16	bad	bad	ADJ
fbem-28715	158	17	publicity	publicity	NOUN
fbem-28715	158	18	and	and	CCONJ
fbem-28715	158	19	may	may	AUX
fbem-28715	158	20	face	face	VERB
fbem-28715	158	21	regulatory	regulatory	ADJ
fbem-28715	158	22	fines	fine	NOUN
fbem-28715	158	23	which	which	PRON
fbem-28715	158	24	disruption	disruption	NOUN
fbem-28715	158	25	organizational	organizational	ADJ
fbem-28715	158	26	operations	operation	NOUN
fbem-28715	158	27	.	.	PUNCT
fbem-28715	159	1	therefore	therefore	ADV
fbem-28715	159	2	,	,	PUNCT
fbem-28715	159	3	our	our	PRON
fbem-28715	159	4	hypothesis	hypothesis	NOUN
fbem-28715	159	5	states	state	VERB
fbem-28715	159	6	that	that	SCONJ
fbem-28715	159	7	:	:	PUNCT
fbem-28715	159	8	h1	h1	X
fbem-28715	159	9	:	:	PUNCT
fbem-28715	159	10	there	there	PRON
fbem-28715	159	11	is	be	VERB
fbem-28715	159	12	a	a	DET
fbem-28715	159	13	negative	negative	ADJ
fbem-28715	159	14	relationship	relationship	NOUN
fbem-28715	159	15	between	between	ADP
fbem-28715	159	16	a	a	DET
fbem-28715	159	17	favorable	favorable	ADJ
fbem-28715	159	18	esg	esg	NOUN
fbem-28715	159	19	performance	performance	NOUN
fbem-28715	159	20	and	and	CCONJ
fbem-28715	159	21	earnings	earning	NOUN
fbem-28715	159	22	volatility	volatility	NOUN
fbem-28715	159	23	.	.	PUNCT
fbem-28715	160	1	3.2	3.2	NUM
fbem-28715	160	2	.	.	PUNCT
fbem-28715	161	1	esg	esg	NOUN
fbem-28715	161	2	and	and	CCONJ
fbem-28715	161	3	financial	financial	ADJ
fbem-28715	161	4	constraints	constraint	NOUN
fbem-28715	161	5	the	the	DET
fbem-28715	161	6	resource	resource	NOUN
fbem-28715	161	7	dependency	dependency	NOUN
fbem-28715	161	8	theory	theory	NOUN
fbem-28715	161	9	asserts	assert	VERB
fbem-28715	161	10	the	the	DET
fbem-28715	161	11	importance	importance	NOUN
fbem-28715	161	12	of	of	ADP
fbem-28715	161	13	resources	resource	NOUN
fbem-28715	161	14	to	to	ADP
fbem-28715	161	15	the	the	DET
fbem-28715	161	16	operations	operation	NOUN
fbem-28715	161	17	of	of	ADP
fbem-28715	161	18	the	the	DET
fbem-28715	161	19	business	business	NOUN
fbem-28715	161	20	[	[	X
fbem-28715	161	21	47	47	NUM
fbem-28715	161	22	]	]	PUNCT
fbem-28715	161	23	.	.	PUNCT
fbem-28715	162	1	in	in	ADP
fbem-28715	162	2	our	our	PRON
fbem-28715	162	3	case	case	NOUN
fbem-28715	162	4	,	,	PUNCT
fbem-28715	162	5	financial	financial	ADJ
fbem-28715	162	6	resources	resource	NOUN
fbem-28715	162	7	are	be	AUX
fbem-28715	162	8	known	know	VERB
fbem-28715	162	9	in	in	ADP
fbem-28715	162	10	the	the	DET
fbem-28715	162	11	business	business	NOUN
fbem-28715	162	12	world	world	NOUN
fbem-28715	162	13	that	that	SCONJ
fbem-28715	162	14	firms	firm	NOUN
fbem-28715	162	15	need	need	VERB
fbem-28715	162	16	investors	investor	NOUN
fbem-28715	162	17	and	and	CCONJ
fbem-28715	162	18	lenders	lender	NOUN
fbem-28715	162	19	to	to	PART
fbem-28715	162	20	inject	inject	VERB
fbem-28715	162	21	financial	financial	ADJ
fbem-28715	162	22	resources	resource	NOUN
fbem-28715	162	23	into	into	ADP
fbem-28715	162	24	the	the	DET
fbem-28715	162	25	business	business	NOUN
fbem-28715	162	26	in	in	ADP
fbem-28715	162	27	order	order	NOUN
fbem-28715	162	28	to	to	PART
fbem-28715	162	29	thrive	thrive	VERB
fbem-28715	162	30	.	.	PUNCT
fbem-28715	163	1	restrictions	restriction	NOUN
fbem-28715	163	2	to	to	ADP
fbem-28715	163	3	these	these	DET
fbem-28715	163	4	finance	finance	NOUN
fbem-28715	163	5	contributors	contributor	NOUN
fbem-28715	163	6	is	be	AUX
fbem-28715	163	7	counterproductive	counterproductive	ADJ
fbem-28715	163	8	.	.	PUNCT
fbem-28715	164	1	debt	debt	NOUN
fbem-28715	164	2	and	and	CCONJ
fbem-28715	164	3	equity	equity	NOUN
fbem-28715	164	4	from	from	ADP
fbem-28715	164	5	the	the	DET
fbem-28715	164	6	investor	investor	NOUN
fbem-28715	164	7	and	and	CCONJ
fbem-28715	164	8	lenders	lender	NOUN
fbem-28715	164	9	play	play	VERB
fbem-28715	164	10	an	an	DET
fbem-28715	164	11	important	important	ADJ
fbem-28715	164	12	role	role	NOUN
fbem-28715	164	13	in	in	ADP
fbem-28715	164	14	the	the	DET
fbem-28715	164	15	operation	operation	NOUN
fbem-28715	164	16	of	of	ADP
fbem-28715	164	17	a	a	DET
fbem-28715	164	18	firm	firm	NOUN
fbem-28715	164	19	.	.	PUNCT
fbem-28715	165	1	companies	company	NOUN
fbem-28715	165	2	with	with	ADP
fbem-28715	165	3	higher	high	ADJ
fbem-28715	165	4	esg	esg	PROPN
fbem-28715	165	5	scores	score	NOUN
fbem-28715	165	6	attract	attract	VERB
fbem-28715	165	7	financial	financial	ADJ
fbem-28715	165	8	resources	resource	NOUN
fbem-28715	165	9	from	from	ADP
fbem-28715	165	10	investors	investor	NOUN
fbem-28715	165	11	and	and	CCONJ
fbem-28715	165	12	lenders	lender	NOUN
fbem-28715	165	13	with	with	ADP
fbem-28715	165	14	lower	low	ADJ
fbem-28715	165	15	cost	cost	NOUN
fbem-28715	165	16	of	of	ADP
fbem-28715	165	17	capital	capital	NOUN
fbem-28715	165	18	[	[	X
fbem-28715	165	19	51	51	NUM
fbem-28715	165	20	]	]	PUNCT
fbem-28715	165	21	.	.	PUNCT
fbem-28715	166	1	however	however	ADV
fbem-28715	166	2	,	,	PUNCT
fbem-28715	166	3	companies	company	NOUN
fbem-28715	166	4	with	with	ADP
fbem-28715	166	5	poor	poor	ADJ
fbem-28715	166	6	esg	esg	NOUN
fbem-28715	166	7	scores	score	NOUN
fbem-28715	166	8	are	be	AUX
fbem-28715	166	9	restricted	restrict	VERB
fbem-28715	166	10	from	from	ADP
fbem-28715	166	11	access	access	NOUN
fbem-28715	166	12	to	to	ADP
fbem-28715	166	13	these	these	DET
fbem-28715	166	14	financial	financial	ADJ
fbem-28715	166	15	resources	resource	NOUN
fbem-28715	166	16	which	which	PRON
fbem-28715	166	17	eventually	eventually	ADV
fbem-28715	166	18	drive	drive	VERB
fbem-28715	166	19	them	they	PRON
fbem-28715	166	20	out	out	ADP
fbem-28715	166	21	of	of	ADP
fbem-28715	166	22	business	business	NOUN
fbem-28715	166	23	.	.	PUNCT
fbem-28715	167	1	therefore	therefore	ADV
fbem-28715	167	2	,	,	PUNCT
fbem-28715	167	3	we	we	PRON
fbem-28715	167	4	propose	propose	VERB
fbem-28715	167	5	that	that	SCONJ
fbem-28715	167	6	:	:	PUNCT
fbem-28715	167	7	h2	h2	NOUN
fbem-28715	167	8	:	:	PUNCT
fbem-28715	167	9	high	high	ADJ
fbem-28715	167	10	esg	esg	PROPN
fbem-28715	167	11	score	score	NOUN
fbem-28715	167	12	alleviates	alleviate	VERB
fbem-28715	167	13	financial	financial	ADJ
fbem-28715	167	14	constraints	constraint	NOUN
fbem-28715	167	15	.	.	PUNCT
fbem-28715	168	1	3.3	3.3	NUM
fbem-28715	168	2	.	.	PUNCT
fbem-28715	169	1	financial	financial	ADJ
fbem-28715	169	2	constraints	constraint	NOUN
fbem-28715	169	3	and	and	CCONJ
fbem-28715	169	4	earnings	earning	NOUN
fbem-28715	169	5	volatility	volatility	NOUN
fbem-28715	169	6	restrictions	restriction	NOUN
fbem-28715	169	7	to	to	ADP
fbem-28715	169	8	accessing	access	VERB
fbem-28715	169	9	financial	financial	ADJ
fbem-28715	169	10	capital	capital	NOUN
fbem-28715	169	11	negatively	negatively	ADV
fbem-28715	169	12	affects	affect	VERB
fbem-28715	169	13	business	business	NOUN
fbem-28715	169	14	flow	flow	NOUN
fbem-28715	169	15	.	.	PUNCT
fbem-28715	170	1	companies	company	NOUN
fbem-28715	170	2	experiencing	experience	VERB
fbem-28715	170	3	financial	financial	ADJ
fbem-28715	170	4	constraint	constraint	NOUN
fbem-28715	170	5	may	may	AUX
fbem-28715	170	6	struggle	struggle	VERB
fbem-28715	170	7	to	to	PART
fbem-28715	170	8	acquire	acquire	VERB
fbem-28715	170	9	technology	technology	NOUN
fbem-28715	170	10	used	use	VERB
fbem-28715	170	11	in	in	ADP
fbem-28715	170	12	the	the	DET
fbem-28715	170	13	operation	operation	NOUN
fbem-28715	170	14	of	of	ADP
fbem-28715	170	15	the	the	DET
fbem-28715	170	16	business	business	NOUN
fbem-28715	170	17	,	,	PUNCT
fbem-28715	170	18	face	face	VERB
fbem-28715	170	19	challenges	challenge	NOUN
fbem-28715	170	20	to	to	PART
fbem-28715	170	21	innovate	innovate	VERB
fbem-28715	170	22	,	,	PUNCT
fbem-28715	170	23	expand	expand	VERB
fbem-28715	170	24	the	the	DET
fbem-28715	170	25	business	business	NOUN
fbem-28715	170	26	.	.	PUNCT
fbem-28715	171	1	acquiring	acquire	VERB
fbem-28715	171	2	technology	technology	NOUN
fbem-28715	171	3	,	,	PUNCT
fbem-28715	171	4	innovation	innovation	NOUN
fbem-28715	171	5	,	,	PUNCT
fbem-28715	171	6	expansion	expansion	NOUN
fbem-28715	171	7	,	,	PUNCT
fbem-28715	171	8	meeting	meet	VERB
fbem-28715	171	9	short	short	ADJ
fbem-28715	171	10	-	-	PUNCT
fbem-28715	171	11	term	term	NOUN
fbem-28715	171	12	debts	debt	NOUN
fbem-28715	171	13	requires	require	VERB
fbem-28715	171	14	access	access	NOUN
fbem-28715	171	15	to	to	ADP
fbem-28715	171	16	capital	capital	NOUN
fbem-28715	171	17	yet	yet	CCONJ
fbem-28715	171	18	financial	financial	ADJ
fbem-28715	171	19	constraints	constraint	NOUN
fbem-28715	171	20	stifles	stifle	VERB
fbem-28715	171	21	companies	company	NOUN
fbem-28715	171	22	plans	plan	VERB
fbem-28715	171	23	to	to	PART
fbem-28715	171	24	achieve	achieve	VERB
fbem-28715	171	25	those	those	DET
fbem-28715	171	26	objectives	objective	NOUN
fbem-28715	171	27	thus	thus	ADV
fbem-28715	171	28	increasing	increase	VERB
fbem-28715	171	29	earnings	earning	NOUN
fbem-28715	171	30	volatility	volatility	NOUN
fbem-28715	172	1	[	[	X
fbem-28715	172	2	52	52	NUM
fbem-28715	172	3	]	]	PUNCT
fbem-28715	172	4	.	.	PUNCT
fbem-28715	173	1	also	also	ADV
fbem-28715	173	2	,	,	PUNCT
fbem-28715	173	3	surviving	survive	VERB
fbem-28715	173	4	a	a	DET
fbem-28715	173	5	competitive	competitive	ADJ
fbem-28715	173	6	environment	environment	NOUN
fbem-28715	173	7	,	,	PUNCT
fbem-28715	173	8	market	market	NOUN
fbem-28715	173	9	volatility	volatility	NOUN
fbem-28715	173	10	with	with	ADP
fbem-28715	173	11	financial	financial	ADJ
fbem-28715	173	12	restriction	restriction	NOUN
fbem-28715	173	13	is	be	AUX
fbem-28715	173	14	difficult	difficult	ADJ
fbem-28715	173	15	which	which	PRON
fbem-28715	173	16	in	in	ADP
fbem-28715	173	17	turn	turn	NOUN
fbem-28715	173	18	impacts	impact	VERB
fbem-28715	173	19	cash	cash	NOUN
fbem-28715	173	20	flows	flow	NOUN
fbem-28715	173	21	and	and	CCONJ
fbem-28715	173	22	earnings	earning	NOUN
fbem-28715	173	23	volatility	volatility	NOUN
fbem-28715	173	24	.	.	PUNCT
fbem-28715	174	1	therefore	therefore	ADV
fbem-28715	174	2	,	,	PUNCT
fbem-28715	174	3	we	we	PRON
fbem-28715	174	4	presume	presume	VERB
fbem-28715	174	5	that	that	SCONJ
fbem-28715	174	6	:	:	PUNCT
fbem-28715	174	7	h3	h3	VERB
fbem-28715	174	8	:	:	PUNCT
fbem-28715	174	9	the	the	DET
fbem-28715	174	10	alleviation	alleviation	NOUN
fbem-28715	174	11	of	of	ADP
fbem-28715	174	12	financial	financial	ADJ
fbem-28715	174	13	constraints	constraint	NOUN
fbem-28715	174	14	is	be	AUX
fbem-28715	174	15	associated	associate	VERB
fbem-28715	174	16	with	with	ADP
fbem-28715	174	17	a	a	DET
fbem-28715	174	18	lower	low	ADJ
fbem-28715	174	19	level	level	NOUN
fbem-28715	174	20	of	of	ADP
fbem-28715	174	21	earnings	earning	NOUN
fbem-28715	174	22	volatility	volatility	NOUN
fbem-28715	174	23	.	.	PUNCT
fbem-28715	175	1	481	481	NUM
fbem-28715	175	2	3.4	3.4	NUM
fbem-28715	175	3	.	.	PUNCT
fbem-28715	176	1	moderating	moderate	VERB
fbem-28715	176	2	effect	effect	NOUN
fbem-28715	176	3	of	of	ADP
fbem-28715	176	4	supply	supply	NOUN
fbem-28715	176	5	chain	chain	NOUN
fbem-28715	176	6	concentration	concentration	NOUN
fbem-28715	176	7	supply	supply	NOUN
fbem-28715	176	8	chain	chain	NOUN
fbem-28715	176	9	concentration	concentration	NOUN
fbem-28715	176	10	has	have	VERB
fbem-28715	176	11	a	a	DET
fbem-28715	176	12	moderating	moderate	VERB
fbem-28715	176	13	effect	effect	NOUN
fbem-28715	176	14	on	on	ADP
fbem-28715	176	15	the	the	DET
fbem-28715	176	16	relationship	relationship	NOUN
fbem-28715	176	17	between	between	ADP
fbem-28715	176	18	the	the	DET
fbem-28715	176	19	firm	firm	NOUN
fbem-28715	176	20	’s	’s	PART
fbem-28715	176	21	environment	environment	NOUN
fbem-28715	176	22	,	,	PUNCT
fbem-28715	176	23	social	social	ADJ
fbem-28715	176	24	and	and	CCONJ
fbem-28715	176	25	corporate	corporate	ADJ
fbem-28715	176	26	governance	governance	NOUN
fbem-28715	176	27	(	(	PUNCT
fbem-28715	176	28	esg	esg	NOUN
fbem-28715	176	29	)	)	PUNCT
fbem-28715	176	30	and	and	CCONJ
fbem-28715	176	31	earnings	earning	NOUN
fbem-28715	176	32	volatility	volatility	NOUN
fbem-28715	176	33	.	.	PUNCT
fbem-28715	177	1	a	a	DET
fbem-28715	177	2	high	high	ADJ
fbem-28715	177	3	concentration	concentration	NOUN
fbem-28715	177	4	of	of	ADP
fbem-28715	177	5	the	the	DET
fbem-28715	177	6	enterprise	enterprise	NOUN
fbem-28715	177	7	suppliers	supplier	NOUN
fbem-28715	177	8	(	(	PUNCT
fbem-28715	177	9	customers	customer	NOUN
fbem-28715	177	10	)	)	PUNCT
fbem-28715	177	11	means	mean	VERB
fbem-28715	177	12	a	a	DET
fbem-28715	177	13	company	company	NOUN
fbem-28715	177	14	relies	rely	VERB
fbem-28715	177	15	on	on	ADP
fbem-28715	177	16	few	few	ADJ
fbem-28715	177	17	big	big	ADJ
fbem-28715	177	18	suppliers	supplier	NOUN
fbem-28715	177	19	and	and	CCONJ
fbem-28715	177	20	customers	customer	NOUN
fbem-28715	177	21	.	.	PUNCT
fbem-28715	178	1	[	[	X
fbem-28715	178	2	35	35	NUM
fbem-28715	178	3	]	]	PUNCT
fbem-28715	178	4	showed	show	VERB
fbem-28715	178	5	that	that	SCONJ
fbem-28715	178	6	any	any	DET
fbem-28715	178	7	disruption	disruption	NOUN
fbem-28715	178	8	of	of	ADP
fbem-28715	178	9	the	the	DET
fbem-28715	178	10	production	production	NOUN
fbem-28715	178	11	due	due	ADP
fbem-28715	178	12	to	to	ADP
fbem-28715	178	13	environmental	environmental	ADJ
fbem-28715	178	14	or	or	CCONJ
fbem-28715	178	15	social	social	ADJ
fbem-28715	178	16	issues	issue	NOUN
fbem-28715	178	17	on	on	ADP
fbem-28715	178	18	the	the	DET
fbem-28715	178	19	supplier	supplier	NOUN
fbem-28715	178	20	’s	’s	PART
fbem-28715	178	21	side	side	NOUN
fbem-28715	178	22	or	or	CCONJ
fbem-28715	178	23	decrease	decrease	NOUN
fbem-28715	178	24	in	in	ADP
fbem-28715	178	25	customers	customer	NOUN
fbem-28715	178	26	can	can	AUX
fbem-28715	178	27	affect	affect	VERB
fbem-28715	178	28	the	the	DET
fbem-28715	178	29	earnings	earning	NOUN
fbem-28715	178	30	of	of	ADP
fbem-28715	178	31	firms	firm	NOUN
fbem-28715	178	32	which	which	PRON
fbem-28715	178	33	have	have	VERB
fbem-28715	178	34	high	high	ADJ
fbem-28715	178	35	supply	supply	NOUN
fbem-28715	178	36	chain	chain	NOUN
fbem-28715	178	37	concentration	concentration	NOUN
fbem-28715	178	38	despite	despite	SCONJ
fbem-28715	178	39	its	its	PRON
fbem-28715	178	40	favorable	favorable	ADJ
fbem-28715	178	41	esg	esg	NOUN
fbem-28715	178	42	performance	performance	NOUN
fbem-28715	178	43	.	.	PUNCT
fbem-28715	179	1	on	on	ADP
fbem-28715	179	2	the	the	DET
fbem-28715	179	3	other	other	ADJ
fbem-28715	179	4	hand	hand	NOUN
fbem-28715	179	5	,	,	PUNCT
fbem-28715	179	6	diversified	diversify	VERB
fbem-28715	179	7	supply	supply	NOUN
fbem-28715	179	8	chain	chain	NOUN
fbem-28715	179	9	concentration	concentration	NOUN
fbem-28715	179	10	helps	help	VERB
fbem-28715	179	11	in	in	ADP
fbem-28715	179	12	preventing	prevent	VERB
fbem-28715	179	13	these	these	DET
fbem-28715	179	14	disruptions	disruption	NOUN
fbem-28715	179	15	of	of	ADP
fbem-28715	179	16	production	production	NOUN
fbem-28715	179	17	,	,	PUNCT
fbem-28715	179	18	rise	rise	VERB
fbem-28715	179	19	in	in	ADP
fbem-28715	179	20	prices	price	NOUN
fbem-28715	179	21	,	,	PUNCT
fbem-28715	179	22	losing	lose	VERB
fbem-28715	179	23	bargaining	bargaining	NOUN
fbem-28715	179	24	power	power	NOUN
fbem-28715	179	25	and	and	CCONJ
fbem-28715	179	26	others	other	NOUN
fbem-28715	179	27	.	.	PUNCT
fbem-28715	180	1	based	base	VERB
fbem-28715	180	2	on	on	ADP
fbem-28715	180	3	the	the	DET
fbem-28715	180	4	above	above	ADJ
fbem-28715	180	5	assertions	assertion	NOUN
fbem-28715	180	6	we	we	PRON
fbem-28715	180	7	hypothesize	hypothesize	VERB
fbem-28715	180	8	that	that	SCONJ
fbem-28715	180	9	:	:	PUNCT
fbem-28715	180	10	h4	h4	NOUN
fbem-28715	180	11	:	:	PUNCT
fbem-28715	180	12	supply	supply	NOUN
fbem-28715	180	13	chain	chain	NOUN
fbem-28715	180	14	concentration	concentration	NOUN
fbem-28715	180	15	strengthens	strengthen	VERB
fbem-28715	180	16	the	the	DET
fbem-28715	180	17	relationship	relationship	NOUN
fbem-28715	180	18	between	between	ADP
fbem-28715	180	19	esg	esg	PROPN
fbem-28715	180	20	and	and	CCONJ
fbem-28715	180	21	earnings	earning	NOUN
fbem-28715	180	22	volatility	volatility	NOUN
fbem-28715	180	23	.	.	PUNCT
fbem-28715	181	1	3.5	3.5	NUM
fbem-28715	181	2	.	.	PUNCT
fbem-28715	182	1	mediating	mediate	VERB
fbem-28715	182	2	effect	effect	NOUN
fbem-28715	182	3	of	of	ADP
fbem-28715	182	4	financial	financial	ADJ
fbem-28715	182	5	constraints	constraint	NOUN
fbem-28715	182	6	the	the	DET
fbem-28715	182	7	impact	impact	NOUN
fbem-28715	182	8	of	of	ADP
fbem-28715	182	9	environmental	environmental	ADJ
fbem-28715	182	10	,	,	PUNCT
fbem-28715	182	11	social	social	ADJ
fbem-28715	182	12	and	and	CCONJ
fbem-28715	182	13	corporate	corporate	ADJ
fbem-28715	182	14	governance	governance	NOUN
fbem-28715	182	15	(	(	PUNCT
fbem-28715	182	16	esg	esg	NOUN
fbem-28715	182	17	)	)	PUNCT
fbem-28715	182	18	scores	score	NOUN
fbem-28715	182	19	may	may	AUX
fbem-28715	182	20	indirectly	indirectly	ADV
fbem-28715	182	21	affect	affect	VERB
fbem-28715	182	22	earnings	earning	NOUN
fbem-28715	182	23	volatility	volatility	NOUN
fbem-28715	182	24	through	through	ADP
fbem-28715	182	25	the	the	DET
fbem-28715	182	26	mediation	mediation	NOUN
fbem-28715	182	27	of	of	ADP
fbem-28715	182	28	financial	financial	ADJ
fbem-28715	182	29	constraints	constraint	NOUN
fbem-28715	182	30	.	.	PUNCT
fbem-28715	183	1	this	this	DET
fbem-28715	183	2	argument	argument	NOUN
fbem-28715	183	3	arises	arise	VERB
fbem-28715	183	4	due	due	ADJ
fbem-28715	183	5	to	to	ADP
fbem-28715	183	6	the	the	DET
fbem-28715	183	7	importance	importance	NOUN
fbem-28715	183	8	of	of	ADP
fbem-28715	183	9	not	not	PART
fbem-28715	183	10	being	be	AUX
fbem-28715	183	11	restricted	restrict	VERB
fbem-28715	183	12	to	to	PART
fbem-28715	183	13	access	access	VERB
fbem-28715	183	14	financial	financial	ADJ
fbem-28715	183	15	resources	resource	NOUN
fbem-28715	183	16	for	for	ADP
fbem-28715	183	17	firms	firm	NOUN
fbem-28715	183	18	with	with	ADP
fbem-28715	183	19	a	a	DET
fbem-28715	183	20	good	good	ADJ
fbem-28715	183	21	esg	esg	NOUN
fbem-28715	183	22	score	score	NOUN
fbem-28715	183	23	as	as	ADP
fbem-28715	183	24	compared	compare	VERB
fbem-28715	183	25	to	to	ADP
fbem-28715	183	26	those	those	PRON
fbem-28715	183	27	with	with	ADP
fbem-28715	183	28	a	a	DET
fbem-28715	183	29	poor	poor	ADJ
fbem-28715	183	30	esg	esg	NOUN
fbem-28715	183	31	score	score	NOUN
fbem-28715	183	32	.	.	PUNCT
fbem-28715	184	1	a	a	DET
fbem-28715	184	2	good	good	ADJ
fbem-28715	184	3	esg	esg	PROPN
fbem-28715	184	4	score	score	NOUN
fbem-28715	184	5	gives	give	VERB
fbem-28715	184	6	the	the	DET
fbem-28715	184	7	company	company	NOUN
fbem-28715	184	8	access	access	NOUN
fbem-28715	184	9	to	to	ADP
fbem-28715	184	10	financial	financial	ADJ
fbem-28715	184	11	resources	resource	NOUN
fbem-28715	184	12	needed	need	VERB
fbem-28715	184	13	to	to	PART
fbem-28715	184	14	attain	attain	VERB
fbem-28715	184	15	its	its	PRON
fbem-28715	184	16	objectives	objective	NOUN
fbem-28715	184	17	at	at	ADP
fbem-28715	184	18	a	a	DET
fbem-28715	184	19	lower	low	ADJ
fbem-28715	184	20	cost	cost	NOUN
fbem-28715	184	21	than	than	ADP
fbem-28715	184	22	those	those	PRON
fbem-28715	184	23	with	with	ADP
fbem-28715	184	24	a	a	DET
fbem-28715	184	25	poor	poor	ADJ
fbem-28715	184	26	esg	esg	NOUN
fbem-28715	184	27	score	score	NOUN
fbem-28715	185	1	[	[	X
fbem-28715	185	2	4	4	NUM
fbem-28715	185	3	,	,	PUNCT
fbem-28715	185	4	53	53	NUM
fbem-28715	185	5	]	]	PUNCT
fbem-28715	185	6	.	.	PUNCT
fbem-28715	186	1	once	once	SCONJ
fbem-28715	186	2	the	the	DET
fbem-28715	186	3	company	company	NOUN
fbem-28715	186	4	is	be	AUX
fbem-28715	186	5	able	able	ADJ
fbem-28715	186	6	to	to	PART
fbem-28715	186	7	acquire	acquire	VERB
fbem-28715	186	8	financial	financial	ADJ
fbem-28715	186	9	support	support	NOUN
fbem-28715	186	10	,	,	PUNCT
fbem-28715	186	11	it	it	PRON
fbem-28715	186	12	will	will	AUX
fbem-28715	186	13	be	be	AUX
fbem-28715	186	14	able	able	ADJ
fbem-28715	186	15	to	to	PART
fbem-28715	186	16	lower	lower	VERB
fbem-28715	186	17	its	its	PRON
fbem-28715	186	18	earnings	earning	NOUN
fbem-28715	186	19	volatility	volatility	NOUN
fbem-28715	186	20	through	through	ADP
fbem-28715	186	21	acquiring	acquire	VERB
fbem-28715	186	22	technology	technology	NOUN
fbem-28715	186	23	needed	need	VERB
fbem-28715	186	24	in	in	ADP
fbem-28715	186	25	production	production	NOUN
fbem-28715	186	26	,	,	PUNCT
fbem-28715	186	27	diversification	diversification	NOUN
fbem-28715	186	28	,	,	PUNCT
fbem-28715	186	29	joint	joint	ADJ
fbem-28715	186	30	-	-	PUNCT
fbem-28715	186	31	venture	venture	NOUN
fbem-28715	186	32	,	,	PUNCT
fbem-28715	186	33	acquisition	acquisition	NOUN
fbem-28715	186	34	and	and	CCONJ
fbem-28715	186	35	mergers	merger	NOUN
fbem-28715	186	36	and	and	CCONJ
fbem-28715	186	37	many	many	ADJ
fbem-28715	186	38	others	other	NOUN
fbem-28715	186	39	that	that	PRON
fbem-28715	186	40	will	will	AUX
fbem-28715	186	41	increase	increase	VERB
fbem-28715	186	42	its	its	PRON
fbem-28715	186	43	market	market	NOUN
fbem-28715	186	44	share	share	NOUN
fbem-28715	186	45	,	,	PUNCT
fbem-28715	186	46	lower	lower	VERB
fbem-28715	186	47	its	its	PRON
fbem-28715	186	48	stock	stock	NOUN
fbem-28715	186	49	price	price	NOUN
fbem-28715	186	50	volatility	volatility	NOUN
fbem-28715	186	51	and	and	CCONJ
fbem-28715	186	52	attract	attract	VERB
fbem-28715	186	53	more	more	ADJ
fbem-28715	186	54	investors	investor	NOUN
fbem-28715	186	55	and	and	CCONJ
fbem-28715	186	56	build	build	VERB
fbem-28715	186	57	its	its	PRON
fbem-28715	186	58	reputation	reputation	NOUN
fbem-28715	186	59	.	.	PUNCT
fbem-28715	187	1	conversely	conversely	ADV
fbem-28715	187	2	,	,	PUNCT
fbem-28715	187	3	companies	company	NOUN
fbem-28715	187	4	with	with	ADP
fbem-28715	187	5	a	a	DET
fbem-28715	187	6	poor	poor	ADJ
fbem-28715	187	7	esg	esg	NOUN
fbem-28715	187	8	score	score	NOUN
fbem-28715	187	9	experience	experience	NOUN
fbem-28715	187	10	financial	financial	ADJ
fbem-28715	187	11	constraints	constraint	NOUN
fbem-28715	187	12	and	and	CCONJ
fbem-28715	187	13	fail	fail	VERB
fbem-28715	187	14	to	to	PART
fbem-28715	187	15	attain	attain	VERB
fbem-28715	187	16	their	their	PRON
fbem-28715	187	17	objectives	objective	NOUN
fbem-28715	187	18	.	.	PUNCT
fbem-28715	188	1	therefore	therefore	ADV
fbem-28715	188	2	,	,	PUNCT
fbem-28715	188	3	we	we	PRON
fbem-28715	188	4	hypothesize	hypothesize	VERB
fbem-28715	188	5	that	that	SCONJ
fbem-28715	188	6	:	:	PUNCT
fbem-28715	188	7	h5	h5	PROPN
fbem-28715	188	8	:	:	PUNCT
fbem-28715	188	9	financial	financial	ADJ
fbem-28715	188	10	constraints	constraint	NOUN
fbem-28715	188	11	mediates	mediate	VERB
fbem-28715	188	12	the	the	DET
fbem-28715	188	13	relationship	relationship	NOUN
fbem-28715	188	14	between	between	ADP
fbem-28715	188	15	esg	esg	PROPN
fbem-28715	188	16	score	score	NOUN
fbem-28715	188	17	and	and	CCONJ
fbem-28715	188	18	earnings	earning	NOUN
fbem-28715	188	19	volatility	volatility	NOUN
fbem-28715	188	20	.	.	PUNCT
fbem-28715	189	1	4	4	X
fbem-28715	189	2	.	.	X
fbem-28715	189	3	methodology	methodology	NOUN
fbem-28715	189	4	4.1	4.1	NUM
fbem-28715	189	5	.	.	PUNCT
fbem-28715	190	1	data	datum	NOUN
fbem-28715	190	2	and	and	CCONJ
fbem-28715	190	3	sample	sample	NOUN
fbem-28715	190	4	this	this	DET
fbem-28715	190	5	study	study	NOUN
fbem-28715	190	6	investigates	investigate	VERB
fbem-28715	190	7	the	the	DET
fbem-28715	190	8	impact	impact	NOUN
fbem-28715	190	9	of	of	ADP
fbem-28715	190	10	esg	esg	PROPN
fbem-28715	190	11	performance	performance	NOUN
fbem-28715	190	12	on	on	ADP
fbem-28715	190	13	earnings	earning	NOUN
fbem-28715	190	14	volatility	volatility	NOUN
fbem-28715	190	15	in	in	ADP
fbem-28715	190	16	china	china	PROPN
fbem-28715	190	17	’s	’s	PART
fbem-28715	190	18	manufacturing	manufacturing	NOUN
fbem-28715	190	19	sector	sector	NOUN
fbem-28715	190	20	during	during	ADP
fbem-28715	190	21	the	the	DET
fbem-28715	190	22	period	period	NOUN
fbem-28715	190	23	from	from	ADP
fbem-28715	190	24	2013	2013	NUM
fbem-28715	190	25	to	to	ADP
fbem-28715	190	26	2022	2022	NUM
fbem-28715	190	27	.	.	PUNCT
fbem-28715	191	1	the	the	DET
fbem-28715	191	2	data	datum	NOUN
fbem-28715	191	3	for	for	ADP
fbem-28715	191	4	the	the	DET
fbem-28715	191	5	analysis	analysis	NOUN
fbem-28715	191	6	were	be	AUX
fbem-28715	191	7	obtained	obtain	VERB
fbem-28715	191	8	from	from	ADP
fbem-28715	191	9	the	the	DET
fbem-28715	191	10	china	china	PROPN
fbem-28715	191	11	stock	stock	PROPN
fbem-28715	191	12	market	market	PROPN
fbem-28715	191	13	accounting	accounting	NOUN
fbem-28715	191	14	research	research	NOUN
fbem-28715	191	15	(	(	PUNCT
fbem-28715	191	16	csmar	csmar	PROPN
fbem-28715	191	17	)	)	PUNCT
fbem-28715	191	18	,	,	PUNCT
fbem-28715	191	19	a	a	DET
fbem-28715	191	20	widely	widely	ADV
fbem-28715	191	21	recognized	recognize	VERB
fbem-28715	191	22	and	and	CCONJ
fbem-28715	191	23	reliable	reliable	ADJ
fbem-28715	191	24	resource	resource	NOUN
fbem-28715	191	25	for	for	ADP
fbem-28715	191	26	financial	financial	ADJ
fbem-28715	191	27	and	and	CCONJ
fbem-28715	191	28	accounting	accounting	NOUN
fbem-28715	191	29	data	datum	NOUN
fbem-28715	191	30	in	in	ADP
fbem-28715	191	31	china	china	PROPN
fbem-28715	191	32	and	and	CCONJ
fbem-28715	191	33	wind	wind	NOUN
fbem-28715	191	34	databases	database	NOUN
fbem-28715	191	35	,	,	PUNCT
fbem-28715	191	36	a	a	DET
fbem-28715	191	37	prominent	prominent	ADJ
fbem-28715	191	38	financial	financial	ADJ
fbem-28715	191	39	database	database	NOUN
fbem-28715	191	40	in	in	ADP
fbem-28715	191	41	china	china	PROPN
fbem-28715	191	42	providing	provide	VERB
fbem-28715	191	43	comprehensive	comprehensive	ADJ
fbem-28715	191	44	data	datum	NOUN
fbem-28715	191	45	across	across	ADP
fbem-28715	191	46	various	various	ADJ
fbem-28715	191	47	sectors	sector	NOUN
fbem-28715	191	48	,	,	PUNCT
fbem-28715	191	49	including	include	VERB
fbem-28715	191	50	stocks	stock	NOUN
fbem-28715	191	51	,	,	PUNCT
fbem-28715	191	52	funds	fund	NOUN
fbem-28715	191	53	,	,	PUNCT
fbem-28715	191	54	and	and	CCONJ
fbem-28715	191	55	bonds	bond	NOUN
fbem-28715	191	56	.	.	PUNCT
fbem-28715	192	1	after	after	ADP
fbem-28715	192	2	applying	apply	VERB
fbem-28715	192	3	exclusion	exclusion	NOUN
fbem-28715	192	4	criteria	criterion	NOUN
fbem-28715	192	5	;	;	PUNCT
fbem-28715	192	6	such	such	ADJ
fbem-28715	192	7	as	as	ADP
fbem-28715	192	8	firms	firm	NOUN
fbem-28715	192	9	with	with	ADP
fbem-28715	192	10	incomplete	incomplete	ADJ
fbem-28715	192	11	data	datum	NOUN
fbem-28715	192	12	,	,	PUNCT
fbem-28715	192	13	companies	company	NOUN
fbem-28715	192	14	issuing	issue	VERB
fbem-28715	192	15	non	non	ADJ
fbem-28715	192	16	-	-	ADJ
fbem-28715	192	17	standard	standard	ADJ
fbem-28715	192	18	share	share	NOUN
fbem-28715	192	19	types	type	NOUN
fbem-28715	192	20	,	,	PUNCT
fbem-28715	192	21	and	and	CCONJ
fbem-28715	192	22	special	special	ADJ
fbem-28715	192	23	treatment	treatment	NOUN
fbem-28715	192	24	(	(	PUNCT
fbem-28715	192	25	st	st	NOUN
fbem-28715	192	26	)	)	PUNCT
fbem-28715	192	27	companies	company	NOUN
fbem-28715	192	28	.	.	PUNCT
fbem-28715	193	1	the	the	DET
fbem-28715	193	2	final	final	ADJ
fbem-28715	193	3	dataset	dataset	NOUN
fbem-28715	193	4	includes	include	VERB
fbem-28715	193	5	a	a	DET
fbem-28715	193	6	total	total	NOUN
fbem-28715	193	7	of	of	ADP
fbem-28715	193	8	603	603	NUM
fbem-28715	193	9	manufacturing	manufacturing	NOUN
fbem-28715	193	10	firms	firm	NOUN
fbem-28715	193	11	listed	list	VERB
fbem-28715	193	12	on	on	ADP
fbem-28715	193	13	the	the	DET
fbem-28715	193	14	stock	stock	NOUN
fbem-28715	193	15	market	market	NOUN
fbem-28715	193	16	.	.	PUNCT
fbem-28715	194	1	this	this	PRON
fbem-28715	194	2	yields	yield	VERB
fbem-28715	194	3	a	a	DET
fbem-28715	194	4	comprehensive	comprehensive	ADJ
fbem-28715	194	5	sample	sample	NOUN
fbem-28715	194	6	of	of	ADP
fbem-28715	194	7	6,030	6,030	NUM
fbem-28715	194	8	firm	firm	ADJ
fbem-28715	194	9	-	-	PUNCT
fbem-28715	194	10	year	year	NOUN
fbem-28715	194	11	observations	observation	NOUN
fbem-28715	194	12	,	,	PUNCT
fbem-28715	194	13	providing	provide	VERB
fbem-28715	194	14	robust	robust	ADJ
fbem-28715	194	15	data	datum	NOUN
fbem-28715	194	16	for	for	ADP
fbem-28715	194	17	analysis	analysis	NOUN
fbem-28715	194	18	.	.	PUNCT
fbem-28715	195	1	4.2	4.2	NUM
fbem-28715	195	2	.	.	PUNCT
fbem-28715	196	1	variables	variable	NOUN
fbem-28715	196	2	4.2.1	4.2.1	NUM
fbem-28715	196	3	.	.	PUNCT
fbem-28715	197	1	dependent	dependent	ADJ
fbem-28715	197	2	variable	variable	NOUN
fbem-28715	197	3	the	the	DET
fbem-28715	197	4	dependent	dependent	ADJ
fbem-28715	197	5	variable	variable	NOUN
fbem-28715	197	6	examined	examine	VERB
fbem-28715	197	7	in	in	ADP
fbem-28715	197	8	our	our	PRON
fbem-28715	197	9	study	study	NOUN
fbem-28715	197	10	is	be	AUX
fbem-28715	197	11	earnings	earning	NOUN
fbem-28715	197	12	volatility	volatility	NOUN
fbem-28715	197	13	(	(	PUNCT
fbem-28715	197	14	evol	evol	NOUN
fbem-28715	197	15	)	)	PUNCT
fbem-28715	197	16	.	.	PUNCT
fbem-28715	198	1	the	the	DET
fbem-28715	198	2	data	datum	NOUN
fbem-28715	198	3	utilized	utilize	VERB
fbem-28715	198	4	to	to	PART
fbem-28715	198	5	measure	measure	VERB
fbem-28715	198	6	earnings	earning	NOUN
fbem-28715	198	7	volatility	volatility	NOUN
fbem-28715	198	8	was	be	AUX
fbem-28715	198	9	sourced	source	VERB
fbem-28715	198	10	from	from	ADP
fbem-28715	198	11	the	the	DET
fbem-28715	198	12	china	china	PROPN
fbem-28715	198	13	stock	stock	PROPN
fbem-28715	198	14	market	market	PROPN
fbem-28715	198	15	accounting	accounting	NOUN
fbem-28715	198	16	research	research	NOUN
fbem-28715	198	17	(	(	PUNCT
fbem-28715	198	18	csmar	csmar	PROPN
fbem-28715	198	19	)	)	PUNCT
fbem-28715	198	20	database	database	NOUN
fbem-28715	198	21	.	.	PUNCT
fbem-28715	199	1	consistent	consistent	ADJ
fbem-28715	199	2	with	with	ADP
fbem-28715	199	3	methodologies	methodology	NOUN
fbem-28715	199	4	employed	employ	VERB
fbem-28715	199	5	in	in	ADP
fbem-28715	199	6	prior	prior	ADJ
fbem-28715	199	7	research	research	NOUN
fbem-28715	199	8	[	[	X
fbem-28715	199	9	28	28	NUM
fbem-28715	199	10	,	,	PUNCT
fbem-28715	199	11	54	54	NUM
fbem-28715	199	12	-	-	SYM
fbem-28715	199	13	56	56	NUM
fbem-28715	199	14	]	]	PUNCT
fbem-28715	199	15	,	,	PUNCT
fbem-28715	199	16	earnings	earning	NOUN
fbem-28715	199	17	volatility	volatility	NOUN
fbem-28715	199	18	is	be	AUX
fbem-28715	199	19	determined	determine	VERB
fbem-28715	199	20	by	by	ADP
fbem-28715	199	21	calculating	calculate	VERB
fbem-28715	199	22	the	the	DET
fbem-28715	199	23	standard	standard	ADJ
fbem-28715	199	24	deviation	deviation	NOUN
fbem-28715	199	25	of	of	ADP
fbem-28715	199	26	earnings	earning	NOUN
fbem-28715	199	27	before	before	ADP
fbem-28715	199	28	interest	interest	NOUN
fbem-28715	199	29	and	and	CCONJ
fbem-28715	199	30	tax	tax	NOUN
fbem-28715	199	31	(	(	PUNCT
fbem-28715	199	32	ebit	ebit	PROPN
fbem-28715	199	33	)	)	PUNCT
fbem-28715	199	34	.	.	PUNCT
fbem-28715	200	1	this	this	DET
fbem-28715	200	2	figure	figure	NOUN
fbem-28715	200	3	is	be	AUX
fbem-28715	200	4	then	then	ADV
fbem-28715	200	5	normalized	normalize	VERB
fbem-28715	200	6	by	by	ADP
fbem-28715	200	7	dividing	divide	VERB
fbem-28715	200	8	it	it	PRON
fbem-28715	200	9	by	by	ADP
fbem-28715	200	10	the	the	DET
fbem-28715	200	11	firm	firm	NOUN
fbem-28715	200	12	’s	’s	PART
fbem-28715	200	13	total	total	ADJ
fbem-28715	200	14	assets	asset	NOUN
fbem-28715	200	15	,	,	PUNCT
fbem-28715	200	16	providing	provide	VERB
fbem-28715	200	17	a	a	DET
fbem-28715	200	18	standardized	standardized	ADJ
fbem-28715	200	19	measure	measure	NOUN
fbem-28715	200	20	that	that	PRON
fbem-28715	200	21	accounts	account	VERB
fbem-28715	200	22	for	for	ADP
fbem-28715	200	23	differences	difference	NOUN
fbem-28715	200	24	in	in	ADP
fbem-28715	200	25	firm	firm	ADJ
fbem-28715	200	26	size	size	NOUN
fbem-28715	200	27	and	and	CCONJ
fbem-28715	200	28	enables	enable	VERB
fbem-28715	200	29	meaningful	meaningful	ADJ
fbem-28715	200	30	comparisons	comparison	NOUN
fbem-28715	200	31	across	across	ADP
fbem-28715	200	32	firms	firm	NOUN
fbem-28715	200	33	.	.	PUNCT
fbem-28715	201	1	4.2.2	4.2.2	X
fbem-28715	201	2	.	.	PUNCT
fbem-28715	202	1	independent	independent	ADJ
fbem-28715	202	2	variable	variable	PROPN
fbem-28715	202	3	esg	esg	PROPN
fbem-28715	202	4	performance	performance	NOUN
fbem-28715	202	5	was	be	AUX
fbem-28715	202	6	the	the	DET
fbem-28715	202	7	independent	independent	ADJ
fbem-28715	202	8	variable	variable	NOUN
fbem-28715	202	9	in	in	ADP
fbem-28715	202	10	this	this	DET
fbem-28715	202	11	study	study	NOUN
fbem-28715	202	12	.	.	PUNCT
fbem-28715	203	1	consistent	consistent	ADJ
fbem-28715	203	2	with	with	ADP
fbem-28715	203	3	extant	extant	ADJ
fbem-28715	203	4	literature	literature	NOUN
fbem-28715	203	5	[	[	X
fbem-28715	203	6	11	11	NUM
fbem-28715	203	7	,	,	PUNCT
fbem-28715	203	8	57	57	NUM
fbem-28715	203	9	]	]	PUNCT
fbem-28715	203	10	,	,	PUNCT
fbem-28715	203	11	the	the	DET
fbem-28715	203	12	wind	wind	NOUN
fbem-28715	203	13	database	database	NOUN
fbem-28715	203	14	was	be	AUX
fbem-28715	203	15	used	use	VERB
fbem-28715	203	16	to	to	PART
fbem-28715	203	17	obtain	obtain	VERB
fbem-28715	203	18	data	datum	NOUN
fbem-28715	203	19	on	on	ADP
fbem-28715	203	20	esg	esg	PROPN
fbem-28715	203	21	performance	performance	NOUN
fbem-28715	203	22	.	.	PUNCT
fbem-28715	204	1	the	the	DET
fbem-28715	204	2	weights	weight	NOUN
fbem-28715	204	3	of	of	ADP
fbem-28715	204	4	key	key	ADJ
fbem-28715	204	5	indicators	indicator	NOUN
fbem-28715	204	6	under	under	ADP
fbem-28715	204	7	the	the	DET
fbem-28715	204	8	three	three	NUM
fbem-28715	204	9	pillars	pillar	NOUN
fbem-28715	204	10	;	;	PUNCT
fbem-28715	204	11	environmental	environmental	ADJ
fbem-28715	204	12	,	,	PUNCT
fbem-28715	204	13	social	social	ADJ
fbem-28715	204	14	,	,	PUNCT
fbem-28715	204	15	and	and	CCONJ
fbem-28715	204	16	corporate	corporate	ADJ
fbem-28715	204	17	governance	governance	NOUN
fbem-28715	204	18	were	be	AUX
fbem-28715	204	19	assigned	assign	VERB
fbem-28715	204	20	based	base	VERB
fbem-28715	204	21	on	on	ADP
fbem-28715	204	22	the	the	DET
fbem-28715	204	23	industry	industry	NOUN
fbem-28715	204	24	,	,	PUNCT
fbem-28715	204	25	specifically	specifically	ADV
fbem-28715	204	26	the	the	DET
fbem-28715	204	27	manufacturing	manufacturing	NOUN
fbem-28715	204	28	industry	industry	NOUN
fbem-28715	204	29	in	in	ADP
fbem-28715	204	30	this	this	DET
fbem-28715	204	31	case	case	NOUN
fbem-28715	204	32	.	.	PUNCT
fbem-28715	205	1	the	the	DET
fbem-28715	205	2	esg	esg	PROPN
fbem-28715	205	3	evaluation	evaluation	NOUN
fbem-28715	205	4	index	index	NOUN
fbem-28715	205	5	was	be	AUX
fbem-28715	205	6	categorized	categorize	VERB
fbem-28715	205	7	into	into	ADP
fbem-28715	205	8	nine	nine	NUM
fbem-28715	205	9	levels	level	NOUN
fbem-28715	205	10	:	:	PUNCT
fbem-28715	206	1	c	c	X
fbem-28715	206	2	,	,	PUNCT
fbem-28715	206	3	cc	cc	PROPN
fbem-28715	206	4	,	,	PUNCT
fbem-28715	206	5	ccc	ccc	PROPN
fbem-28715	206	6	,	,	PUNCT
fbem-28715	206	7	b	b	PROPN
fbem-28715	206	8	,	,	PUNCT
fbem-28715	206	9	bb	bb	PROPN
fbem-28715	206	10	,	,	PUNCT
fbem-28715	206	11	bbb	bbb	PROPN
fbem-28715	206	12	,	,	PUNCT
fbem-28715	206	13	a	a	PRON
fbem-28715	206	14	,	,	PUNCT
fbem-28715	206	15	aa	aa	NOUN
fbem-28715	206	16	,	,	PUNCT
fbem-28715	206	17	and	and	CCONJ
fbem-28715	206	18	aaa	aaa	NOUN
fbem-28715	206	19	.	.	PUNCT
fbem-28715	207	1	corresponding	correspond	VERB
fbem-28715	207	2	values	value	NOUN
fbem-28715	207	3	from	from	ADP
fbem-28715	207	4	1	1	NUM
fbem-28715	207	5	to	to	PART
fbem-28715	207	6	9	9	NUM
fbem-28715	207	7	were	be	AUX
fbem-28715	207	8	assigned	assign	VERB
fbem-28715	207	9	as	as	ADP
fbem-28715	207	10	esg	esg	PROPN
fbem-28715	207	11	scores	score	NOUN
fbem-28715	207	12	,	,	PUNCT
fbem-28715	207	13	ranging	range	VERB
fbem-28715	207	14	from	from	ADP
fbem-28715	207	15	low	low	ADJ
fbem-28715	207	16	to	to	ADP
fbem-28715	207	17	high	high	ADJ
fbem-28715	207	18	.	.	PUNCT
fbem-28715	208	1	4.2.3	4.2.3	X
fbem-28715	208	2	.	.	PUNCT
fbem-28715	209	1	moderating	moderate	VERB
fbem-28715	209	2	variable	variable	ADJ
fbem-28715	209	3	supply	supply	NOUN
fbem-28715	209	4	chain	chain	NOUN
fbem-28715	209	5	concentration	concentration	NOUN
fbem-28715	209	6	(	(	PUNCT
fbem-28715	209	7	scc	scc	NOUN
fbem-28715	209	8	)	)	PUNCT
fbem-28715	209	9	served	serve	VERB
fbem-28715	209	10	as	as	ADP
fbem-28715	209	11	a	a	DET
fbem-28715	209	12	moderating	moderate	VERB
fbem-28715	209	13	variable	variable	NOUN
fbem-28715	209	14	in	in	ADP
fbem-28715	209	15	this	this	DET
fbem-28715	209	16	study	study	NOUN
fbem-28715	209	17	.	.	PUNCT
fbem-28715	210	1	following	follow	VERB
fbem-28715	210	2	the	the	DET
fbem-28715	210	3	methods	method	NOUN
fbem-28715	210	4	outlined	outline	VERB
fbem-28715	210	5	by	by	ADP
fbem-28715	210	6	[	[	X
fbem-28715	210	7	34	34	NUM
fbem-28715	210	8	,	,	PUNCT
fbem-28715	210	9	35	35	NUM
fbem-28715	210	10	]	]	PUNCT
fbem-28715	210	11	,	,	PUNCT
fbem-28715	210	12	data	datum	NOUN
fbem-28715	210	13	on	on	ADP
fbem-28715	210	14	supply	supply	NOUN
fbem-28715	210	15	chain	chain	NOUN
fbem-28715	210	16	concentration	concentration	NOUN
fbem-28715	210	17	was	be	AUX
fbem-28715	210	18	gathered	gather	VERB
fbem-28715	210	19	using	use	VERB
fbem-28715	210	20	the	the	DET
fbem-28715	210	21	china	china	PROPN
fbem-28715	210	22	stock	stock	NOUN
fbem-28715	210	23	market	market	NOUN
fbem-28715	210	24	and	and	CCONJ
fbem-28715	210	25	accounting	accounting	NOUN
fbem-28715	210	26	research	research	NOUN
fbem-28715	210	27	(	(	PUNCT
fbem-28715	210	28	csmar	csmar	PROPN
fbem-28715	210	29	)	)	PUNCT
fbem-28715	210	30	database	database	NOUN
fbem-28715	210	31	.	.	PUNCT
fbem-28715	211	1	supply	supply	NOUN
fbem-28715	211	2	chain	chain	NOUN
fbem-28715	211	3	concentration	concentration	NOUN
fbem-28715	211	4	is	be	AUX
fbem-28715	211	5	calculated	calculate	VERB
fbem-28715	211	6	as	as	ADP
fbem-28715	211	7	the	the	DET
fbem-28715	211	8	average	average	NOUN
fbem-28715	211	9	of	of	ADP
fbem-28715	211	10	supplier	supplier	NOUN
fbem-28715	211	11	concentration	concentration	NOUN
fbem-28715	211	12	and	and	CCONJ
fbem-28715	211	13	customer	customer	NOUN
fbem-28715	211	14	concentration	concentration	NOUN
fbem-28715	211	15	.	.	PUNCT
fbem-28715	212	1	supplier	supplier	NOUN
fbem-28715	212	2	concentration	concentration	NOUN
fbem-28715	212	3	refers	refer	VERB
fbem-28715	212	4	to	to	ADP
fbem-28715	212	5	the	the	DET
fbem-28715	212	6	proportion	proportion	NOUN
fbem-28715	212	7	of	of	ADP
fbem-28715	212	8	purchases	purchase	NOUN
fbem-28715	212	9	from	from	ADP
fbem-28715	212	10	the	the	DET
fbem-28715	212	11	five	five	NUM
fbem-28715	212	12	largest	large	ADJ
fbem-28715	212	13	suppliers	supplier	NOUN
fbem-28715	212	14	,	,	PUNCT
fbem-28715	212	15	while	while	SCONJ
fbem-28715	212	16	customer	customer	NOUN
fbem-28715	212	17	concentration	concentration	NOUN
fbem-28715	212	18	represents	represent	VERB
fbem-28715	212	19	the	the	DET
fbem-28715	212	20	proportion	proportion	NOUN
fbem-28715	212	21	of	of	ADP
fbem-28715	212	22	sales	sale	NOUN
fbem-28715	212	23	to	to	ADP
fbem-28715	212	24	the	the	DET
fbem-28715	212	25	five	five	NUM
fbem-28715	212	26	largest	large	ADJ
fbem-28715	212	27	customers	customer	NOUN
fbem-28715	212	28	.	.	PUNCT
fbem-28715	213	1	4.2.4	4.2.4	X
fbem-28715	213	2	.	.	PUNCT
fbem-28715	214	1	mediating	mediate	VERB
fbem-28715	214	2	variable	variable	ADJ
fbem-28715	214	3	financial	financial	ADJ
fbem-28715	214	4	constraints	constraint	NOUN
fbem-28715	214	5	(	(	PUNCT
fbem-28715	214	6	fc	fc	INTJ
fbem-28715	214	7	)	)	PUNCT
fbem-28715	214	8	acted	act	VERB
fbem-28715	214	9	as	as	ADP
fbem-28715	214	10	the	the	DET
fbem-28715	214	11	mediator	mediator	NOUN
fbem-28715	214	12	of	of	ADP
fbem-28715	214	13	this	this	DET
fbem-28715	214	14	study	study	NOUN
fbem-28715	214	15	.	.	PUNCT
fbem-28715	215	1	the	the	DET
fbem-28715	215	2	kz	kz	PROPN
fbem-28715	215	3	index	index	NOUN
fbem-28715	215	4	developed	develop	VERB
fbem-28715	215	5	by	by	ADP
fbem-28715	215	6	[	[	X
fbem-28715	215	7	58	58	NUM
fbem-28715	215	8	]	]	PUNCT
fbem-28715	215	9	was	be	AUX
fbem-28715	215	10	used	use	VERB
fbem-28715	215	11	to	to	PART
fbem-28715	215	12	measure	measure	VERB
fbem-28715	215	13	the	the	DET
fbem-28715	215	14	financial	financial	ADJ
fbem-28715	215	15	constraints	constraint	NOUN
fbem-28715	215	16	.	.	PUNCT
fbem-28715	216	1	the	the	DET
fbem-28715	216	2	kz	kz	PROPN
fbem-28715	216	3	index	index	PROPN
fbem-28715	216	4	data	datum	NOUN
fbem-28715	216	5	was	be	AUX
fbem-28715	216	6	obtained	obtain	VERB
fbem-28715	216	7	from	from	ADP
fbem-28715	216	8	the	the	DET
fbem-28715	216	9	china	china	PROPN
fbem-28715	216	10	stock	stock	NOUN
fbem-28715	216	11	market	market	NOUN
fbem-28715	216	12	and	and	CCONJ
fbem-28715	216	13	accounting	accounting	NOUN
fbem-28715	216	14	research	research	NOUN
fbem-28715	216	15	(	(	PUNCT
fbem-28715	216	16	csmar	csmar	PROPN
fbem-28715	216	17	)	)	PUNCT
fbem-28715	216	18	database	database	NOUN
fbem-28715	216	19	.	.	PUNCT
fbem-28715	217	1	the	the	DET
fbem-28715	217	2	formula	formula	NOUN
fbem-28715	217	3	used	use	VERB
fbem-28715	217	4	to	to	PART
fbem-28715	217	5	calculate	calculate	VERB
fbem-28715	217	6	kz	kz	PROPN
fbem-28715	217	7	index	index	NOUN
fbem-28715	217	8	is	be	AUX
fbem-28715	217	9	:	:	PUNCT
fbem-28715	217	10	-1.002	-1.002	NUM
fbem-28715	217	11	×	×	NOUN
fbem-28715	217	12	(	(	PUNCT
fbem-28715	217	13	cash	cash	NOUN
fbem-28715	217	14	flow	flow	NOUN
fbem-28715	217	15	/	/	SYM
fbem-28715	217	16	total	total	ADJ
fbem-28715	217	17	assets	asset	NOUN
fbem-28715	217	18	)	)	PUNCT
fbem-28715	218	1	+	+	CCONJ
fbem-28715	218	2	0.283	0.283	NUM
fbem-28715	218	3	×	×	NOUN
fbem-28715	218	4	market	market	NOUN
fbem-28715	218	5	-	-	PUNCT
fbem-28715	218	6	tobook	tobook	NOUN
fbem-28715	218	7	ratio	ratio	NOUN
fbem-28715	218	8	+	+	CCONJ
fbem-28715	218	9	3.139	3.139	NUM
fbem-28715	218	10	×	×	NOUN
fbem-28715	218	11	leverage	leverage	NOUN
fbem-28715	218	12	39.368	39.368	NUM
fbem-28715	218	13	×	×	NOUN
fbem-28715	218	14	(	(	PUNCT
fbem-28715	218	15	dividends	dividend	NOUN
fbem-28715	218	16	/	/	SYM
fbem-28715	218	17	total	total	ADJ
fbem-28715	218	18	assets	asset	NOUN
fbem-28715	218	19	)	)	PUNCT
fbem-28715	219	1	-1.315	-1.315	NUM
fbem-28715	219	2	×	×	NOUN
fbem-28715	219	3	(	(	PUNCT
fbem-28715	219	4	cash	cash	NOUN
fbem-28715	219	5	/	/	SYM
fbem-28715	219	6	total	total	ADJ
fbem-28715	219	7	assets	asset	NOUN
fbem-28715	219	8	)	)	PUNCT
fbem-28715	219	9	.	.	PUNCT
fbem-28715	220	1	4.2.5	4.2.5	X
fbem-28715	220	2	.	.	X
fbem-28715	221	1	control	control	NOUN
fbem-28715	221	2	variables	variable	NOUN
fbem-28715	221	3	variable	variable	ADJ
fbem-28715	222	1	the	the	DET
fbem-28715	222	2	study	study	NOUN
fbem-28715	222	3	employs	employ	VERB
fbem-28715	222	4	sales	sale	NOUN
fbem-28715	222	5	revenue	revenue	NOUN
fbem-28715	222	6	rate	rate	NOUN
fbem-28715	222	7	(	(	PUNCT
fbem-28715	222	8	srr	srr	PROPN
fbem-28715	222	9	)	)	PUNCT
fbem-28715	222	10	,	,	PUNCT
fbem-28715	222	11	return	return	VERB
fbem-28715	222	12	on	on	ADP
fbem-28715	222	13	assets	asset	NOUN
fbem-28715	222	14	(	(	PUNCT
fbem-28715	222	15	roa	roa	NOUN
fbem-28715	222	16	)	)	PUNCT
fbem-28715	222	17	,	,	PUNCT
fbem-28715	222	18	financial	financial	ADJ
fbem-28715	222	19	leverage	leverage	NOUN
fbem-28715	222	20	(	(	PUNCT
fbem-28715	222	21	fl	fl	NOUN
fbem-28715	222	22	)	)	PUNCT
fbem-28715	222	23	,	,	PUNCT
fbem-28715	222	24	firm	firm	ADJ
fbem-28715	222	25	size	size	NOUN
fbem-28715	222	26	(	(	PUNCT
fbem-28715	222	27	fs	fs	NOUN
fbem-28715	222	28	)	)	PUNCT
fbem-28715	222	29	,	,	PUNCT
fbem-28715	222	30	firm	firm	ADJ
fbem-28715	222	31	age	age	NOUN
fbem-28715	222	32	(	(	PUNCT
fbem-28715	222	33	fa	fa	NOUN
fbem-28715	222	34	)	)	PUNCT
fbem-28715	222	35	,	,	PUNCT
fbem-28715	222	36	liquidity	liquidity	NOUN
fbem-28715	222	37	level	level	NOUN
fbem-28715	222	38	(	(	PUNCT
fbem-28715	222	39	ll	ll	NOUN
fbem-28715	222	40	)	)	PUNCT
fbem-28715	222	41	and	and	CCONJ
fbem-28715	222	42	market	market	NOUN
fbem-28715	222	43	-	-	PUNCT
fbem-28715	222	44	to	to	ADP
fbem-28715	222	45	-	-	PUNCT
fbem-28715	222	46	book	book	NOUN
fbem-28715	222	47	ratio	ratio	NOUN
fbem-28715	222	48	(	(	PUNCT
fbem-28715	222	49	mk	mk	PROPN
fbem-28715	222	50	)	)	PUNCT
fbem-28715	222	51	as	as	ADP
fbem-28715	222	52	control	control	NOUN
fbem-28715	222	53	variables	variable	NOUN
fbem-28715	222	54	[	[	X
fbem-28715	222	55	13	13	NUM
fbem-28715	222	56	,	,	PUNCT
fbem-28715	222	57	59	59	NUM
fbem-28715	222	58	-	-	SYM
fbem-28715	222	59	63	63	NUM
fbem-28715	222	60	]	]	PUNCT
fbem-28715	222	61	.	.	PUNCT
fbem-28715	223	1	table	table	NOUN
fbem-28715	223	2	1	1	NUM
fbem-28715	223	3	shows	show	VERB
fbem-28715	223	4	how	how	SCONJ
fbem-28715	223	5	each	each	DET
fbem-28715	223	6	variable	variable	NOUN
fbem-28715	223	7	is	be	AUX
fbem-28715	223	8	measured	measure	VERB
fbem-28715	223	9	.	.	PUNCT
fbem-28715	224	1	482	482	NUM
fbem-28715	224	2	table	table	NOUN
fbem-28715	224	3	1	1	NUM
fbem-28715	224	4	.	.	PUNCT
fbem-28715	224	5	variable	variable	ADJ
fbem-28715	224	6	measurements	measurement	NOUN
fbem-28715	224	7	type	type	VERB
fbem-28715	224	8	variable	variable	ADJ
fbem-28715	224	9	symbol	symbol	NOUN
fbem-28715	224	10	measurement	measurement	NOUN
fbem-28715	224	11	dependent	dependent	ADJ
fbem-28715	224	12	variable	variable	ADJ
fbem-28715	224	13	earnings	earning	NOUN
fbem-28715	224	14	volatility	volatility	NOUN
fbem-28715	224	15	evol	evol	NOUN
fbem-28715	224	16	standard	standard	ADJ
fbem-28715	224	17	deviation	deviation	NOUN
fbem-28715	224	18	of	of	ADP
fbem-28715	224	19	earnings	earning	NOUN
fbem-28715	224	20	before	before	ADP
fbem-28715	224	21	interest	interest	NOUN
fbem-28715	224	22	and	and	CCONJ
fbem-28715	224	23	tax	tax	NOUN
fbem-28715	224	24	divided	divide	VERB
fbem-28715	224	25	by	by	ADP
fbem-28715	224	26	total	total	ADJ
fbem-28715	224	27	assets	asset	NOUN
fbem-28715	224	28	independent	independent	ADJ
fbem-28715	224	29	variable	variable	PROPN
fbem-28715	224	30	esg	esg	PROPN
fbem-28715	224	31	performance	performance	NOUN
fbem-28715	224	32	esg	esg	PROPN
fbem-28715	224	33	according	accord	VERB
fbem-28715	224	34	to	to	ADP
fbem-28715	224	35	wind	wind	NOUN
fbem-28715	224	36	esg	esg	NOUN
fbem-28715	224	37	rating	rating	NOUN
fbem-28715	224	38	,	,	PUNCT
fbem-28715	224	39	the	the	DET
fbem-28715	224	40	value	value	NOUN
fbem-28715	224	41	1	1	NUM
fbem-28715	224	42	-	-	SYM
fbem-28715	224	43	9	9	NUM
fbem-28715	224	44	from	from	ADP
fbem-28715	224	45	low	low	ADJ
fbem-28715	224	46	to	to	ADP
fbem-28715	224	47	high	high	ADJ
fbem-28715	224	48	mediating	mediate	VERB
fbem-28715	224	49	variable	variable	ADJ
fbem-28715	224	50	financial	financial	ADJ
fbem-28715	224	51	constraints	constraint	NOUN
fbem-28715	224	52	fc	fc	PROPN
fbem-28715	224	53	kz	kz	PROPN
fbem-28715	224	54	index	index	PROPN
fbem-28715	224	55	moderating	moderate	VERB
fbem-28715	224	56	variable	variable	ADJ
fbem-28715	224	57	supply	supply	NOUN
fbem-28715	224	58	chain	chain	NOUN
fbem-28715	224	59	concentration	concentration	NOUN
fbem-28715	224	60	scc	scc	PROPN
fbem-28715	224	61	average	average	NOUN
fbem-28715	224	62	of	of	ADP
fbem-28715	224	63	supplier	supplier	NOUN
fbem-28715	224	64	and	and	CCONJ
fbem-28715	224	65	customer	customer	NOUN
fbem-28715	224	66	concentration	concentration	NOUN
fbem-28715	224	67	control	control	NOUN
fbem-28715	224	68	variables	variable	VERB
fbem-28715	224	69	sales	sale	NOUN
fbem-28715	224	70	growth	growth	NOUN
fbem-28715	224	71	rate	rate	NOUN
fbem-28715	224	72	sgr	sgr	PROPN
fbem-28715	224	73	previous	previous	ADJ
fbem-28715	224	74	year	year	NOUN
fbem-28715	224	75	’s	’s	PART
fbem-28715	224	76	sales	sale	NOUN
fbem-28715	224	77	/	/	SYM
fbem-28715	224	78	current	current	ADJ
fbem-28715	224	79	year	year	NOUN
fbem-28715	224	80	’s	’s	PART
fbem-28715	224	81	sales	sale	NOUN
fbem-28715	224	82	-1	-1	PUNCT
fbem-28715	224	83	return	return	VERB
fbem-28715	224	84	on	on	ADP
fbem-28715	224	85	assets	asset	NOUN
fbem-28715	224	86	roa	roa	PROPN
fbem-28715	224	87	net	net	ADJ
fbem-28715	224	88	profit	profit	NOUN
fbem-28715	224	89	/	/	SYM
fbem-28715	224	90	total	total	ADJ
fbem-28715	224	91	assets	asset	NOUN
fbem-28715	224	92	financial	financial	ADJ
fbem-28715	224	93	leverage	leverage	NOUN
fbem-28715	224	94	fl	fl	PRON
fbem-28715	224	95	total	total	ADJ
fbem-28715	224	96	debt	debt	NOUN
fbem-28715	224	97	/	/	SYM
fbem-28715	224	98	equity	equity	NOUN
fbem-28715	224	99	firm	firm	NOUN
fbem-28715	224	100	size	size	NOUN
fbem-28715	224	101	fs	fs	ADP
fbem-28715	224	102	natural	natural	ADJ
fbem-28715	224	103	logarithm	logarithm	NOUN
fbem-28715	224	104	of	of	ADP
fbem-28715	224	105	total	total	ADJ
fbem-28715	224	106	assets	asset	NOUN
fbem-28715	224	107	firm	firm	NOUN
fbem-28715	224	108	age	age	NOUN
fbem-28715	224	109	fa	fa	X
fbem-28715	224	110	natural	natural	ADJ
fbem-28715	224	111	log	log	NOUN
fbem-28715	224	112	of	of	ADP
fbem-28715	224	113	age	age	NOUN
fbem-28715	224	114	of	of	ADP
fbem-28715	224	115	company(i	company(i	NOUN
fbem-28715	224	116	)	)	PUNCT
fbem-28715	224	117	in	in	ADP
fbem-28715	224	118	time	time	NOUN
fbem-28715	224	119	(	(	PUNCT
fbem-28715	224	120	t	t	NOUN
fbem-28715	224	121	)	)	PUNCT
fbem-28715	224	122	liquidity	liquidity	NOUN
fbem-28715	224	123	level	level	NOUN
fbem-28715	224	124	ll	ll	AUX
fbem-28715	224	125	current	current	ADJ
fbem-28715	224	126	assets	asset	NOUN
fbem-28715	224	127	/	/	SYM
fbem-28715	224	128	current	current	ADJ
fbem-28715	224	129	liabilities	liability	NOUN
fbem-28715	224	130	market	market	NOUN
fbem-28715	224	131	-	-	PUNCT
fbem-28715	224	132	to	to	ADP
fbem-28715	224	133	-	-	PUNCT
fbem-28715	224	134	book	book	NOUN
fbem-28715	224	135	ratio	ratio	NOUN
fbem-28715	224	136	mk	mk	PROPN
fbem-28715	224	137	ratio	ratio	NOUN
fbem-28715	224	138	of	of	ADP
fbem-28715	224	139	market	market	NOUN
fbem-28715	224	140	value	value	NOUN
fbem-28715	224	141	(	(	PUNCT
fbem-28715	224	142	sum	sum	NOUN
fbem-28715	224	143	of	of	ADP
fbem-28715	224	144	equity	equity	NOUN
fbem-28715	224	145	market	market	NOUN
fbem-28715	224	146	value	value	NOUN
fbem-28715	224	147	across	across	ADP
fbem-28715	224	148	share	share	NOUN
fbem-28715	224	149	classes	class	NOUN
fbem-28715	224	150	,	,	PUNCT
fbem-28715	224	151	adjusted	adjust	VERB
fbem-28715	224	152	for	for	ADP
fbem-28715	224	153	liabilities	liability	NOUN
fbem-28715	224	154	)	)	PUNCT
fbem-28715	224	155	to	to	ADP
fbem-28715	224	156	book	book	NOUN
fbem-28715	224	157	value	value	NOUN
fbem-28715	224	158	(	(	PUNCT
fbem-28715	224	159	shareholder	shareholder	NOUN
fbem-28715	224	160	’s	’s	PART
fbem-28715	224	161	equity	equity	NOUN
fbem-28715	224	162	)	)	PUNCT
fbem-28715	224	163	4.3	4.3	NUM
fbem-28715	224	164	.	.	PUNCT
fbem-28715	225	1	model	model	NOUN
fbem-28715	225	2	setting	set	VERB
fbem-28715	225	3	model	model	NOUN
fbem-28715	225	4	(	(	PUNCT
fbem-28715	225	5	1	1	X
fbem-28715	225	6	)	)	PUNCT
fbem-28715	225	7	tests	test	VERB
fbem-28715	225	8	the	the	DET
fbem-28715	225	9	impact	impact	NOUN
fbem-28715	225	10	of	of	ADP
fbem-28715	225	11	esg	esg	NOUN
fbem-28715	225	12	on	on	ADP
fbem-28715	225	13	earnings	earning	NOUN
fbem-28715	225	14	volatility	volatility	NOUN
fbem-28715	225	15	(	(	PUNCT
fbem-28715	225	16	evol	evol	NOUN
fbem-28715	225	17	)	)	PUNCT
fbem-28715	225	18	.	.	PUNCT
fbem-28715	226	1	model	model	NOUN
fbem-28715	226	2	(	(	PUNCT
fbem-28715	226	3	2	2	X
fbem-28715	226	4	)	)	PUNCT
fbem-28715	226	5	examines	examine	VERB
fbem-28715	226	6	the	the	DET
fbem-28715	226	7	influence	influence	NOUN
fbem-28715	226	8	of	of	ADP
fbem-28715	226	9	esg	esg	PROPN
fbem-28715	226	10	on	on	ADP
fbem-28715	226	11	financial	financial	ADJ
fbem-28715	226	12	constraints	constraint	NOUN
fbem-28715	226	13	(	(	PUNCT
fbem-28715	226	14	fc	fc	INTJ
fbem-28715	226	15	)	)	PUNCT
fbem-28715	226	16	.	.	PUNCT
fbem-28715	227	1	model	model	NOUN
fbem-28715	227	2	(	(	PUNCT
fbem-28715	227	3	3	3	X
fbem-28715	227	4	)	)	PUNCT
fbem-28715	227	5	tests	test	VERB
fbem-28715	227	6	the	the	DET
fbem-28715	227	7	moderating	moderate	VERB
fbem-28715	227	8	effect	effect	NOUN
fbem-28715	227	9	of	of	ADP
fbem-28715	227	10	supply	supply	NOUN
fbem-28715	227	11	chain	chain	NOUN
fbem-28715	227	12	concentration	concentration	NOUN
fbem-28715	227	13	(	(	PUNCT
fbem-28715	227	14	scc	scc	NOUN
fbem-28715	227	15	)	)	PUNCT
fbem-28715	227	16	.	.	PUNCT
fbem-28715	228	1	model	model	NOUN
fbem-28715	228	2	(	(	PUNCT
fbem-28715	228	3	4	4	X
fbem-28715	228	4	)	)	PUNCT
fbem-28715	228	5	evaluates	evaluate	VERB
fbem-28715	228	6	the	the	DET
fbem-28715	228	7	influence	influence	NOUN
fbem-28715	228	8	of	of	ADP
fbem-28715	228	9	alleviating	alleviate	VERB
fbem-28715	228	10	financial	financial	ADJ
fbem-28715	228	11	constraints	constraint	NOUN
fbem-28715	228	12	(	(	PUNCT
fbem-28715	228	13	fc	fc	INTJ
fbem-28715	228	14	)	)	PUNCT
fbem-28715	228	15	on	on	ADP
fbem-28715	228	16	earnings	earning	NOUN
fbem-28715	228	17	volatility	volatility	NOUN
fbem-28715	228	18	(	(	PUNCT
fbem-28715	228	19	evol	evol	NOUN
fbem-28715	228	20	)	)	PUNCT
fbem-28715	228	21	.	.	PUNCT
fbem-28715	229	1	model	model	NOUN
fbem-28715	229	2	(	(	PUNCT
fbem-28715	229	3	5	5	NUM
fbem-28715	229	4	)	)	PUNCT
fbem-28715	229	5	,	,	PUNCT
fbem-28715	229	6	together	together	ADV
fbem-28715	229	7	with	with	ADP
fbem-28715	229	8	models	model	NOUN
fbem-28715	229	9	(	(	PUNCT
fbem-28715	229	10	1	1	NUM
fbem-28715	229	11	)	)	PUNCT
fbem-28715	229	12	and	and	CCONJ
fbem-28715	229	13	(	(	PUNCT
fbem-28715	229	14	2	2	NUM
fbem-28715	229	15	)	)	PUNCT
fbem-28715	229	16	,	,	PUNCT
fbem-28715	229	17	tests	test	VERB
fbem-28715	229	18	the	the	DET
fbem-28715	229	19	mediation	mediation	NOUN
fbem-28715	229	20	effect	effect	NOUN
fbem-28715	229	21	of	of	ADP
fbem-28715	229	22	financial	financial	ADJ
fbem-28715	229	23	constraints	constraint	NOUN
fbem-28715	229	24	(	(	PUNCT
fbem-28715	229	25	fc	fc	INTJ
fbem-28715	229	26	)	)	PUNCT
fbem-28715	229	27	.	.	PUNCT
fbem-28715	230	1	evolit	evolit	NOUN
fbem-28715	230	2	=	=	NOUN
fbem-28715	230	3	β0	β0	PROPN
fbem-28715	231	1	+	+	CCONJ
fbem-28715	231	2	β1esgit	β1esgit	ADJ
fbem-28715	232	1	+	+	NUM
fbem-28715	232	2	β2sgrit	β2sgrit	X
fbem-28715	232	3	+	+	CCONJ
fbem-28715	232	4	β3roait	β3roait	ADJ
fbem-28715	232	5	+	+	X
fbem-28715	232	6	β4flit	β4flit	VERB
fbem-28715	232	7	+	+	CCONJ
fbem-28715	232	8	β5fsit	β5fsit	PROPN
fbem-28715	232	9	+	+	CCONJ
fbem-28715	232	10	β6fait	β6fait	NOUN
fbem-28715	232	11	+	+	CCONJ
fbem-28715	232	12	β7llit	β7llit	VERB
fbem-28715	232	13	+	+	CCONJ
fbem-28715	232	14	β8mbit	β8mbit	NOUN
fbem-28715	232	15	+	+	CCONJ
fbem-28715	232	16	εit	εit	NOUN
fbem-28715	232	17	(	(	PUNCT
fbem-28715	232	18	model	model	NOUN
fbem-28715	232	19	1	1	NUM
fbem-28715	232	20	)	)	PUNCT
fbem-28715	232	21	fcit	fcit	NOUN
fbem-28715	232	22	=	=	SYM
fbem-28715	232	23	β0	β0	PROPN
fbem-28715	232	24	+	+	CCONJ
fbem-28715	232	25	β1esgit	β1esgit	ADJ
fbem-28715	232	26	+	+	NUM
fbem-28715	232	27	β2sgrit	β2sgrit	X
fbem-28715	232	28	+	+	CCONJ
fbem-28715	232	29	β3roait	β3roait	ADJ
fbem-28715	232	30	+	+	X
fbem-28715	232	31	β4flit	β4flit	VERB
fbem-28715	232	32	+	+	CCONJ
fbem-28715	232	33	β5fsit	β5fsit	PROPN
fbem-28715	232	34	+	+	CCONJ
fbem-28715	232	35	β6fait	β6fait	NOUN
fbem-28715	232	36	+	+	CCONJ
fbem-28715	232	37	β7llit	β7llit	VERB
fbem-28715	232	38	+	+	CCONJ
fbem-28715	232	39	β8mbit	β8mbit	NOUN
fbem-28715	232	40	+	+	CCONJ
fbem-28715	232	41	εit	εit	NOUN
fbem-28715	232	42	(	(	PUNCT
fbem-28715	232	43	model	model	NOUN
fbem-28715	232	44	2	2	NUM
fbem-28715	232	45	)	)	PUNCT
fbem-28715	232	46	evolit	evolit	NOUN
fbem-28715	232	47	=	=	SYM
fbem-28715	232	48	β0+β1esgit+β2sccit+β3esgit×sccit+β4sgrit+β5roait+β6flit+β7fsit+β8fait+β9llit+β10mbit+εit	β0+β1esgit+β2sccit+β3esgit×sccit+β4sgrit+β5roait+β6flit+β7fsit+β8fait+β9llit+β10mbit+εit	PRON
fbem-28715	232	49	(	(	PUNCT
fbem-28715	232	50	model	model	NOUN
fbem-28715	232	51	3	3	NUM
fbem-28715	232	52	)	)	PUNCT
fbem-28715	232	53	evolit	evolit	NOUN
fbem-28715	232	54	=	=	NOUN
fbem-28715	232	55	β0	β0	PROPN
fbem-28715	233	1	+	+	CCONJ
fbem-28715	233	2	β1fcit	β1fcit	ADJ
fbem-28715	233	3	+	+	CCONJ
fbem-28715	233	4	β2sgrit	β2sgrit	X
fbem-28715	233	5	+	+	CCONJ
fbem-28715	233	6	β3roait	β3roait	ADJ
fbem-28715	233	7	+	+	X
fbem-28715	233	8	β4flit	β4flit	VERB
fbem-28715	233	9	+	+	CCONJ
fbem-28715	233	10	β5fsit	β5fsit	PROPN
fbem-28715	233	11	+	+	CCONJ
fbem-28715	233	12	β6fait	β6fait	NOUN
fbem-28715	233	13	+	+	CCONJ
fbem-28715	233	14	β7llit	β7llit	VERB
fbem-28715	233	15	+	+	CCONJ
fbem-28715	233	16	β8mbit	β8mbit	NOUN
fbem-28715	233	17	+	+	CCONJ
fbem-28715	233	18	εit	εit	NOUN
fbem-28715	233	19	(	(	PUNCT
fbem-28715	233	20	model	model	NOUN
fbem-28715	233	21	4	4	NUM
fbem-28715	233	22	)	)	PUNCT
fbem-28715	233	23	evolit	evolit	NOUN
fbem-28715	233	24	=	=	NOUN
fbem-28715	233	25	β0	β0	PROPN
fbem-28715	234	1	+	+	CCONJ
fbem-28715	234	2	β1esgit	β1esgit	ADJ
fbem-28715	234	3	+	+	CCONJ
fbem-28715	234	4	β2fcit	β2fcit	ADJ
fbem-28715	234	5	+	+	NUM
fbem-28715	234	6	β3sgrit	β3sgrit	NOUN
fbem-28715	234	7	+	+	CCONJ
fbem-28715	234	8	β4roait	β4roait	NOUN
fbem-28715	234	9	+	+	CCONJ
fbem-28715	234	10	β5flit	β5flit	ADJ
fbem-28715	234	11	+	+	CCONJ
fbem-28715	234	12	β6fsit	β6fsit	NOUN
fbem-28715	234	13	+	+	CCONJ
fbem-28715	234	14	β7fait	β7fait	VERB
fbem-28715	234	15	+	+	CCONJ
fbem-28715	234	16	β8llit	β8llit	ADJ
fbem-28715	234	17	+	+	NUM
fbem-28715	234	18	β9mbit	β9mbit	NOUN
fbem-28715	235	1	+	+	CCONJ
fbem-28715	235	2	εit	εit	NOUN
fbem-28715	235	3	(	(	PUNCT
fbem-28715	235	4	model	model	NOUN
fbem-28715	235	5	5	5	NUM
fbem-28715	235	6	)	)	PUNCT
fbem-28715	235	7	5	5	NUM
fbem-28715	235	8	.	.	PUNCT
fbem-28715	235	9	results	result	VERB
fbem-28715	235	10	5.1	5.1	NUM
fbem-28715	235	11	.	.	PUNCT
fbem-28715	236	1	descriptive	descriptive	ADJ
fbem-28715	236	2	statistics	statistic	NOUN
fbem-28715	236	3	and	and	CCONJ
fbem-28715	236	4	correlation	correlation	NOUN
fbem-28715	236	5	analysis	analysis	NOUN
fbem-28715	236	6	the	the	DET
fbem-28715	236	7	results	result	NOUN
fbem-28715	236	8	of	of	ADP
fbem-28715	236	9	the	the	DET
fbem-28715	236	10	descriptive	descriptive	ADJ
fbem-28715	236	11	statistics	statistic	NOUN
fbem-28715	236	12	are	be	AUX
fbem-28715	236	13	presented	present	VERB
fbem-28715	236	14	in	in	ADP
fbem-28715	236	15	table	table	NOUN
fbem-28715	236	16	2	2	NUM
fbem-28715	236	17	.	.	PUNCT
fbem-28715	237	1	it	it	PRON
fbem-28715	237	2	includes	include	VERB
fbem-28715	237	3	the	the	DET
fbem-28715	237	4	variables	variable	NOUN
fbem-28715	237	5	,	,	PUNCT
fbem-28715	237	6	the	the	DET
fbem-28715	237	7	total	total	ADJ
fbem-28715	237	8	number	number	NOUN
fbem-28715	237	9	of	of	ADP
fbem-28715	237	10	observations	observation	NOUN
fbem-28715	237	11	for	for	ADP
fbem-28715	237	12	each	each	DET
fbem-28715	237	13	variable	variable	NOUN
fbem-28715	237	14	,	,	PUNCT
fbem-28715	237	15	as	as	ADV
fbem-28715	237	16	well	well	ADV
fbem-28715	237	17	as	as	ADP
fbem-28715	237	18	the	the	DET
fbem-28715	237	19	mean	mean	ADJ
fbem-28715	237	20	,	,	PUNCT
fbem-28715	237	21	standard	standard	ADJ
fbem-28715	237	22	deviation	deviation	NOUN
fbem-28715	237	23	,	,	PUNCT
fbem-28715	237	24	minimum	minimum	ADJ
fbem-28715	237	25	,	,	PUNCT
fbem-28715	237	26	maximum	maximum	ADJ
fbem-28715	237	27	,	,	PUNCT
fbem-28715	237	28	and	and	CCONJ
fbem-28715	237	29	vif	vif	NOUN
fbem-28715	237	30	values	value	NOUN
fbem-28715	237	31	.	.	PUNCT
fbem-28715	238	1	based	base	VERB
fbem-28715	238	2	on	on	ADP
fbem-28715	238	3	the	the	DET
fbem-28715	238	4	descriptive	descriptive	ADJ
fbem-28715	238	5	statistics	statistic	NOUN
fbem-28715	238	6	,	,	PUNCT
fbem-28715	238	7	the	the	DET
fbem-28715	238	8	data	datum	NOUN
fbem-28715	238	9	show	show	VERB
fbem-28715	238	10	a	a	DET
fbem-28715	238	11	low	low	ADJ
fbem-28715	238	12	mean	mean	NOUN
fbem-28715	238	13	value	value	NOUN
fbem-28715	238	14	of	of	ADP
fbem-28715	238	15	0.027	0.027	NUM
fbem-28715	238	16	and	and	CCONJ
fbem-28715	238	17	a	a	DET
fbem-28715	238	18	standard	standard	ADJ
fbem-28715	238	19	deviation	deviation	NOUN
fbem-28715	238	20	of	of	ADP
fbem-28715	238	21	0.043	0.043	NUM
fbem-28715	238	22	,	,	PUNCT
fbem-28715	238	23	indicating	indicate	VERB
fbem-28715	238	24	that	that	SCONJ
fbem-28715	238	25	earnings	earning	NOUN
fbem-28715	238	26	volatility	volatility	NOUN
fbem-28715	238	27	is	be	AUX
fbem-28715	238	28	generally	generally	ADV
fbem-28715	238	29	low	low	ADJ
fbem-28715	238	30	across	across	ADP
fbem-28715	238	31	firms	firm	NOUN
fbem-28715	238	32	.	.	PUNCT
fbem-28715	239	1	additionally	additionally	ADV
fbem-28715	239	2	,	,	PUNCT
fbem-28715	239	3	the	the	DET
fbem-28715	239	4	esg	esg	NOUN
fbem-28715	239	5	mean	mean	NOUN
fbem-28715	239	6	score	score	NOUN
fbem-28715	239	7	is	be	AUX
fbem-28715	239	8	4.19	4.19	NUM
fbem-28715	239	9	,	,	PUNCT
fbem-28715	239	10	ranging	range	VERB
fbem-28715	239	11	from	from	ADP
fbem-28715	239	12	1	1	NUM
fbem-28715	239	13	to	to	ADP
fbem-28715	239	14	7	7	NUM
fbem-28715	239	15	,	,	PUNCT
fbem-28715	239	16	with	with	ADP
fbem-28715	239	17	1	1	NUM
fbem-28715	239	18	being	be	AUX
fbem-28715	239	19	the	the	DET
fbem-28715	239	20	lowest	low	ADJ
fbem-28715	239	21	and	and	CCONJ
fbem-28715	239	22	7	7	NUM
fbem-28715	239	23	being	be	AUX
fbem-28715	239	24	the	the	DET
fbem-28715	239	25	highest	high	ADJ
fbem-28715	239	26	,	,	PUNCT
fbem-28715	239	27	suggests	suggest	VERB
fbem-28715	239	28	diverse	diverse	ADJ
fbem-28715	239	29	esg	esg	NOUN
fbem-28715	239	30	practices	practice	NOUN
fbem-28715	239	31	.	.	PUNCT
fbem-28715	240	1	the	the	DET
fbem-28715	240	2	range	range	NOUN
fbem-28715	240	3	of	of	ADP
fbem-28715	240	4	-5.797953	-5.797953	NOUN
fbem-28715	240	5	to	to	ADP
fbem-28715	240	6	-2.762161	-2.762161	NOUN
fbem-28715	240	7	for	for	ADP
fbem-28715	240	8	financial	financial	ADJ
fbem-28715	240	9	constraints	constraint	NOUN
fbem-28715	240	10	indicates	indicate	VERB
fbem-28715	240	11	minimal	minimal	ADJ
fbem-28715	240	12	or	or	CCONJ
fbem-28715	240	13	no	no	DET
fbem-28715	240	14	financial	financial	ADJ
fbem-28715	240	15	challenges	challenge	NOUN
fbem-28715	240	16	across	across	ADP
fbem-28715	240	17	the	the	DET
fbem-28715	240	18	firms	firm	NOUN
fbem-28715	240	19	.	.	PUNCT
fbem-28715	241	1	the	the	DET
fbem-28715	241	2	mean	mean	NOUN
fbem-28715	241	3	of	of	ADP
fbem-28715	241	4	28.568	28.568	NUM
fbem-28715	241	5	,	,	PUNCT
fbem-28715	241	6	along	along	ADP
fbem-28715	241	7	with	with	ADP
fbem-28715	241	8	a	a	DET
fbem-28715	241	9	wide	wide	ADJ
fbem-28715	241	10	range	range	NOUN
fbem-28715	241	11	between	between	ADP
fbem-28715	241	12	the	the	DET
fbem-28715	241	13	minimum	minimum	ADJ
fbem-28715	241	14	and	and	CCONJ
fbem-28715	241	15	maximum	maximum	ADJ
fbem-28715	241	16	values	value	NOUN
fbem-28715	241	17	for	for	ADP
fbem-28715	241	18	supply	supply	NOUN
fbem-28715	241	19	chain	chain	NOUN
fbem-28715	241	20	concentration	concentration	NOUN
fbem-28715	241	21	,	,	PUNCT
fbem-28715	241	22	suggests	suggest	VERB
fbem-28715	241	23	that	that	SCONJ
fbem-28715	241	24	,	,	PUNCT
fbem-28715	241	25	on	on	ADP
fbem-28715	241	26	average	average	ADJ
fbem-28715	241	27	,	,	PUNCT
fbem-28715	241	28	the	the	DET
fbem-28715	241	29	companies	company	NOUN
fbem-28715	241	30	rely	rely	VERB
fbem-28715	241	31	on	on	ADP
fbem-28715	241	32	a	a	DET
fbem-28715	241	33	moderate	moderate	ADJ
fbem-28715	241	34	proportion	proportion	NOUN
fbem-28715	241	35	of	of	ADP
fbem-28715	241	36	their	their	PRON
fbem-28715	241	37	purchases	purchase	NOUN
fbem-28715	241	38	from	from	ADP
fbem-28715	241	39	the	the	DET
fbem-28715	241	40	top	top	ADJ
fbem-28715	241	41	five	five	NUM
fbem-28715	241	42	suppliers	supplier	NOUN
fbem-28715	241	43	and	and	CCONJ
fbem-28715	241	44	sales	sale	NOUN
fbem-28715	241	45	to	to	ADP
fbem-28715	241	46	their	their	PRON
fbem-28715	241	47	top	top	ADJ
fbem-28715	241	48	five	five	NUM
fbem-28715	241	49	customers	customer	NOUN
fbem-28715	241	50	.	.	PUNCT
fbem-28715	242	1	furthermore	furthermore	ADV
fbem-28715	242	2	,	,	PUNCT
fbem-28715	242	3	the	the	DET
fbem-28715	242	4	vif	vif	NOUN
fbem-28715	242	5	results	result	VERB
fbem-28715	242	6	in	in	ADP
fbem-28715	242	7	table	table	NOUN
fbem-28715	242	8	2	2	NUM
fbem-28715	242	9	show	show	VERB
fbem-28715	242	10	low	low	ADJ
fbem-28715	242	11	multicollinearity	multicollinearity	NOUN
fbem-28715	242	12	between	between	ADP
fbem-28715	242	13	variables	variable	NOUN
fbem-28715	242	14	and	and	CCONJ
fbem-28715	242	15	evol	evol	NOUN
fbem-28715	242	16	,	,	PUNCT
fbem-28715	242	17	with	with	ADP
fbem-28715	242	18	the	the	DET
fbem-28715	242	19	highest	high	ADJ
fbem-28715	242	20	vif	vif	NOUN
fbem-28715	242	21	value	value	NOUN
fbem-28715	242	22	being	be	AUX
fbem-28715	242	23	2.50	2.50	NUM
fbem-28715	242	24	,	,	PUNCT
fbem-28715	242	25	which	which	PRON
fbem-28715	242	26	is	be	AUX
fbem-28715	242	27	below	below	ADP
fbem-28715	242	28	the	the	DET
fbem-28715	242	29	threshold	threshold	NOUN
fbem-28715	242	30	of	of	ADP
fbem-28715	242	31	10	10	NUM
fbem-28715	243	1	[	[	SYM
fbem-28715	243	2	64	64	NUM
fbem-28715	243	3	]	]	PUNCT
fbem-28715	243	4	.	.	PUNCT
fbem-28715	244	1	table	table	NOUN
fbem-28715	244	2	2	2	NUM
fbem-28715	244	3	.	.	PUNCT
fbem-28715	244	4	descriptive	descriptive	ADJ
fbem-28715	244	5	statistics	statistic	NOUN
fbem-28715	244	6	variable	variable	ADJ
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fbem-28715	246	37	fa	fa	PROPN
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fbem-28715	246	41	4.5	4.5	NUM
fbem-28715	246	42	67	67	NUM
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fbem-28715	246	59	3	3	NUM
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fbem-28715	246	61	the	the	DET
fbem-28715	246	62	pearson	pearson	NOUN
fbem-28715	246	63	correlation	correlation	NOUN
fbem-28715	246	64	coefficients	coefficient	NOUN
fbem-28715	246	65	of	of	ADP
fbem-28715	246	66	all	all	DET
fbem-28715	246	67	the	the	DET
fbem-28715	246	68	variables	variable	NOUN
fbem-28715	246	69	.	.	PUNCT
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fbem-28715	247	2	table	table	NOUN
fbem-28715	247	3	shows	show	VERB
fbem-28715	247	4	a	a	DET
fbem-28715	247	5	negative	negative	ADJ
fbem-28715	247	6	correlation	correlation	NOUN
fbem-28715	247	7	between	between	ADP
fbem-28715	247	8	esg	esg	PROPN
fbem-28715	247	9	and	and	CCONJ
fbem-28715	247	10	evol	evol	NOUN
fbem-28715	247	11	,	,	PUNCT
fbem-28715	247	12	as	as	ADV
fbem-28715	247	13	well	well	ADV
fbem-28715	247	14	as	as	ADP
fbem-28715	247	15	with	with	ADP
fbem-28715	247	16	fc	fc	INTJ
fbem-28715	247	17	.	.	PUNCT
fbem-28715	248	1	all	all	DET
fbem-28715	248	2	the	the	DET
fbem-28715	248	3	pearson	pearson	PROPN
fbem-28715	248	4	correlation	correlation	NOUN
fbem-28715	248	5	coefficient	coefficient	NOUN
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fbem-28715	248	8	below	below	ADP
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fbem-28715	248	10	,	,	PUNCT
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fbem-28715	248	12	no	no	DET
fbem-28715	248	13	multicollinearity	multicollinearity	NOUN
fbem-28715	248	14	issues	issue	NOUN
fbem-28715	248	15	among	among	ADP
fbem-28715	248	16	the	the	DET
fbem-28715	248	17	variables	variable	NOUN
fbem-28715	248	18	[	[	X
fbem-28715	248	19	65	65	NUM
fbem-28715	248	20	]	]	PUNCT
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fbem-28715	249	3	3	3	NUM
fbem-28715	249	4	.	.	PUNCT
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fbem-28715	249	7	analysis	analysis	NOUN
fbem-28715	249	8	variables	variable	NOUN
fbem-28715	249	9	evol	evol	NOUN
fbem-28715	249	10	esg	esg	PROPN
fbem-28715	249	11	fc	fc	PROPN
fbem-28715	249	12	scc	scc	PROPN
fbem-28715	249	13	sgr	sgr	PROPN
fbem-28715	249	14	roa	roa	PROPN
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fbem-28715	249	16	fs	fs	INTJ
fbem-28715	249	17	fa	fa	PROPN
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fbem-28715	258	6	results	result	VERB
fbem-28715	258	7	dependent	dependent	ADJ
fbem-28715	258	8	variable	variable	ADJ
fbem-28715	258	9	test	test	NOUN
fbem-28715	258	10	results	result	VERB
fbem-28715	258	11	chi	chi	ADJ
fbem-28715	258	12	-	-	PUNCT
fbem-28715	258	13	square	square	ADJ
fbem-28715	258	14	statistic	statistic	NOUN
fbem-28715	258	15	p	p	NOUN
fbem-28715	258	16	-	-	PUNCT
fbem-28715	258	17	value	value	NOUN
fbem-28715	258	18	earning	earn	VERB
fbem-28715	258	19	volatility	volatility	NOUN
fbem-28715	258	20	fixed	fix	VERB
fbem-28715	258	21	effects	effect	NOUN
fbem-28715	258	22	309.90	309.90	NUM
fbem-28715	258	23	0.000	0.000	NUM
fbem-28715	258	24	notes	note	NOUN
fbem-28715	258	25	:	:	PUNCT
fbem-28715	258	26	significance	significance	NOUN
fbem-28715	258	27	at	at	ADP
fbem-28715	258	28	levels	level	NOUN
fbem-28715	258	29	:	:	PUNCT
fbem-28715	259	1	*	*	PUNCT
fbem-28715	259	2	*	*	PUNCT
fbem-28715	259	3	*	*	PUNCT
fbem-28715	259	4	p	p	X
fbem-28715	259	5	<	<	X
fbem-28715	259	6	0.001	0.001	NUM
fbem-28715	259	7	.	.	PUNCT
fbem-28715	260	1	5.3	5.3	NUM
fbem-28715	260	2	.	.	PUNCT
fbem-28715	261	1	regression	regression	VERB
fbem-28715	261	2	analysis	analysis	NOUN
fbem-28715	261	3	table	table	NOUN
fbem-28715	261	4	5	5	NUM
fbem-28715	261	5	.	.	PUNCT
fbem-28715	261	6	fixed	fix	VERB
fbem-28715	261	7	effects	effect	NOUN
fbem-28715	261	8	regression	regression	VERB
fbem-28715	261	9	analysis	analysis	NOUN
fbem-28715	261	10	results	result	NOUN
fbem-28715	261	11	variables	variable	VERB
fbem-28715	261	12	earnings	earning	NOUN
fbem-28715	261	13	volatility	volatility	NOUN
fbem-28715	261	14	financial	financial	ADJ
fbem-28715	261	15	constraints	constraint	NOUN
fbem-28715	261	16	earnings	earning	NOUN
fbem-28715	261	17	volatility	volatility	NOUN
fbem-28715	261	18	earnings	earning	NOUN
fbem-28715	261	19	volatility	volatility	NOUN
fbem-28715	261	20	earnings	earning	NOUN
fbem-28715	261	21	volatility	volatility	NOUN
fbem-28715	261	22	model	model	NOUN
fbem-28715	261	23	(	(	PUNCT
fbem-28715	261	24	1	1	X
fbem-28715	261	25	)	)	PUNCT
fbem-28715	261	26	model	model	NOUN
fbem-28715	261	27	(	(	PUNCT
fbem-28715	261	28	2	2	NUM
fbem-28715	261	29	)	)	PUNCT
fbem-28715	261	30	model	model	NOUN
fbem-28715	261	31	(	(	PUNCT
fbem-28715	261	32	3	3	NUM
fbem-28715	261	33	)	)	PUNCT
fbem-28715	261	34	model	model	NOUN
fbem-28715	261	35	(	(	PUNCT
fbem-28715	261	36	4	4	NUM
fbem-28715	261	37	)	)	PUNCT
fbem-28715	261	38	model	model	NOUN
fbem-28715	261	39	(	(	PUNCT
fbem-28715	261	40	5	5	NUM
fbem-28715	261	41	)	)	PUNCT
fbem-28715	261	42	esg	esg	NOUN
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fbem-28715	261	44	*	*	PUNCT
fbem-28715	261	45	*	*	PUNCT
fbem-28715	261	46	(	(	PUNCT
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fbem-28715	261	48	)	)	PUNCT
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fbem-28715	262	1	*	*	PUNCT
fbem-28715	262	2	*	*	PUNCT
fbem-28715	262	3	*	*	PUNCT
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fbem-28715	262	6	)	)	PUNCT
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fbem-28715	262	8	*	*	PUNCT
fbem-28715	262	9	*	*	PUNCT
fbem-28715	262	10	(	(	PUNCT
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fbem-28715	262	12	)	)	PUNCT
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fbem-28715	262	14	*	*	PUNCT
fbem-28715	262	15	*	*	PUNCT
fbem-28715	262	16	(	(	PUNCT
fbem-28715	262	17	-5.74	-5.74	NOUN
fbem-28715	262	18	)	)	PUNCT
fbem-28715	262	19	scc	scc	NOUN
fbem-28715	262	20	0.017	0.017	NUM
fbem-28715	262	21	(	(	PUNCT
fbem-28715	262	22	0.77	0.77	NUM
fbem-28715	262	23	)	)	PUNCT
fbem-28715	262	24	esg×scc	esg×scc	NOUN
fbem-28715	262	25	-0.071	-0.071	PUNCT
fbem-28715	262	26	*	*	PUNCT
fbem-28715	262	27	*	*	PUNCT
fbem-28715	262	28	(	(	PUNCT
fbem-28715	262	29	-4.70	-4.70	NUM
fbem-28715	262	30	)	)	PUNCT
fbem-28715	262	31	fc	fc	PROPN
fbem-28715	262	32	-0.097	-0.097	PROPN
fbem-28715	262	33	*	*	PUNCT
fbem-28715	262	34	*	*	PUNCT
fbem-28715	262	35	(	(	PUNCT
fbem-28715	262	36	-4.88	-4.88	ADJ
fbem-28715	262	37	)	)	PUNCT
fbem-28715	262	38	-0.102	-0.102	PUNCT
fbem-28715	262	39	*	*	PUNCT
fbem-28715	262	40	*	*	PUNCT
fbem-28715	262	41	(	(	PUNCT
fbem-28715	262	42	-5.14	-5.14	PROPN
fbem-28715	262	43	)	)	PUNCT
fbem-28715	262	44	sgr	sgr	PROPN
fbem-28715	262	45	0.019	0.019	NUM
fbem-28715	262	46	(	(	PUNCT
fbem-28715	262	47	1.68	1.68	NUM
fbem-28715	262	48	)	)	PUNCT
fbem-28715	262	49	-0.032	-0.032	ADP
fbem-28715	262	50	(	(	PUNCT
fbem-28715	262	51	-4.14	-4.14	X
fbem-28715	262	52	)	)	PUNCT
fbem-28715	262	53	0.018	0.018	NUM
fbem-28715	262	54	(	(	PUNCT
fbem-28715	262	55	1.58	1.58	NUM
fbem-28715	262	56	)	)	PUNCT
fbem-28715	262	57	0.018	0.018	NUM
fbem-28715	262	58	(	(	PUNCT
fbem-28715	262	59	1.57	1.57	NUM
fbem-28715	262	60	)	)	PUNCT
fbem-28715	262	61	0.016	0.016	NUM
fbem-28715	262	62	(	(	PUNCT
fbem-28715	262	63	1.39	1.39	NUM
fbem-28715	262	64	)	)	PUNCT
fbem-28715	262	65	roa	roa	NOUN
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fbem-28715	262	67	*	*	PUNCT
fbem-28715	262	68	*	*	PUNCT
fbem-28715	262	69	*	*	PUNCT
fbem-28715	262	70	(	(	PUNCT
fbem-28715	262	71	-12.92	-12.92	NOUN
fbem-28715	262	72	)	)	PUNCT
fbem-28715	262	73	-0.211	-0.211	PUNCT
fbem-28715	262	74	*	*	PUNCT
fbem-28715	262	75	*	*	PUNCT
fbem-28715	262	76	*	*	PUNCT
fbem-28715	262	77	(	(	PUNCT
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fbem-28715	262	79	)	)	PUNCT
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fbem-28715	262	81	*	*	PUNCT
fbem-28715	262	82	*	*	PUNCT
fbem-28715	262	83	*	*	PUNCT
fbem-28715	262	84	(	(	PUNCT
fbem-28715	262	85	-12.97	-12.97	NOUN
fbem-28715	262	86	)	)	PUNCT
fbem-28715	262	87	-0.220	-0.220	NOUN
fbem-28715	262	88	*	*	PUNCT
fbem-28715	262	89	*	*	PUNCT
fbem-28715	262	90	*	*	PUNCT
fbem-28715	262	91	(	(	PUNCT
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fbem-28715	262	93	)	)	PUNCT
fbem-28715	262	94	-0.217	-0.217	X
fbem-28715	262	95	*	*	PUNCT
fbem-28715	262	96	*	*	PUNCT
fbem-28715	262	97	*	*	PUNCT
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fbem-28715	262	100	)	)	PUNCT
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fbem-28715	262	103	*	*	PUNCT
fbem-28715	262	104	*	*	PUNCT
fbem-28715	262	105	*	*	PUNCT
fbem-28715	262	106	(	(	PUNCT
fbem-28715	262	107	3.80	3.80	NUM
fbem-28715	262	108	)	)	PUNCT
fbem-28715	262	109	0.547	0.547	NUM
fbem-28715	262	110	*	*	PUNCT
fbem-28715	262	111	*	*	PUNCT
fbem-28715	262	112	*	*	PUNCT
fbem-28715	262	113	(	(	PUNCT
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fbem-28715	262	115	)	)	PUNCT
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fbem-28715	262	117	*	*	PUNCT
fbem-28715	262	118	*	*	PUNCT
fbem-28715	262	119	*	*	PUNCT
fbem-28715	262	120	(	(	PUNCT
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fbem-28715	262	122	)	)	PUNCT
fbem-28715	262	123	0.169	0.169	NUM
fbem-28715	262	124	*	*	PUNCT
fbem-28715	262	125	*	*	PUNCT
fbem-28715	262	126	*	*	PUNCT
fbem-28715	262	127	(	(	PUNCT
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fbem-28715	262	129	)	)	PUNCT
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fbem-28715	262	131	*	*	PUNCT
fbem-28715	262	132	*	*	PUNCT
fbem-28715	262	133	*	*	PUNCT
fbem-28715	262	134	(	(	PUNCT
fbem-28715	262	135	5.44	5.44	NUM
fbem-28715	262	136	)	)	PUNCT
fbem-28715	262	137	fs	fs	ADP
fbem-28715	262	138	-0.170	-0.170	NOUN
fbem-28715	262	139	*	*	PUNCT
fbem-28715	262	140	*	*	PUNCT
fbem-28715	262	141	*	*	PUNCT
fbem-28715	262	142	(	(	PUNCT
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fbem-28715	262	144	)	)	PUNCT
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fbem-28715	263	1	*	*	PUNCT
fbem-28715	263	2	*	*	PUNCT
fbem-28715	263	3	*	*	PUNCT
fbem-28715	263	4	(	(	PUNCT
fbem-28715	263	5	-8.36	-8.36	NUM
fbem-28715	263	6	)	)	PUNCT
fbem-28715	264	1	-0.156	-0.156	NOUN
fbem-28715	265	1	*	*	PUNCT
fbem-28715	265	2	*	*	PUNCT
fbem-28715	265	3	*	*	PUNCT
fbem-28715	265	4	(	(	PUNCT
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fbem-28715	265	6	)	)	PUNCT
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fbem-28715	266	1	*	*	PUNCT
fbem-28715	266	2	*	*	PUNCT
fbem-28715	266	3	*	*	PUNCT
fbem-28715	266	4	(	(	PUNCT
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fbem-28715	266	6	)	)	PUNCT
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fbem-28715	266	9	*	*	PUNCT
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fbem-28715	266	13	)	)	PUNCT
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fbem-28715	266	18	*	*	PUNCT
fbem-28715	266	19	(	(	PUNCT
fbem-28715	266	20	8.21	8.21	NUM
fbem-28715	266	21	)	)	PUNCT
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fbem-28715	266	23	*	*	PUNCT
fbem-28715	266	24	*	*	PUNCT
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fbem-28715	266	28	)	)	PUNCT
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fbem-28715	267	2	*	*	PUNCT
fbem-28715	267	3	*	*	PUNCT
fbem-28715	267	4	*	*	PUNCT
fbem-28715	267	5	(	(	PUNCT
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fbem-28715	267	7	)	)	PUNCT
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fbem-28715	267	10	*	*	PUNCT
fbem-28715	267	11	*	*	PUNCT
fbem-28715	267	12	(	(	PUNCT
fbem-28715	267	13	9.02	9.02	NUM
fbem-28715	267	14	)	)	PUNCT
fbem-28715	267	15	0	0	NUM
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fbem-28715	268	2	*	*	PUNCT
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fbem-28715	268	4	*	*	PUNCT
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fbem-28715	268	7	)	)	PUNCT
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fbem-28715	268	12	)	)	PUNCT
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fbem-28715	268	14	*	*	PUNCT
fbem-28715	268	15	*	*	PUNCT
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fbem-28715	268	18	)	)	PUNCT
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fbem-28715	268	20	(	(	PUNCT
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fbem-28715	268	22	)	)	PUNCT
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fbem-28715	268	26	)	)	PUNCT
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fbem-28715	268	28	(	(	PUNCT
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fbem-28715	268	30	)	)	PUNCT
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fbem-28715	268	36	)	)	PUNCT
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fbem-28715	268	40	)	)	PUNCT
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fbem-28715	269	2	*	*	PUNCT
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fbem-28715	270	6	)	)	PUNCT
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fbem-28715	270	21	)	)	PUNCT
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fbem-28715	270	28	)	)	PUNCT
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fbem-28715	271	3	*	*	PUNCT
fbem-28715	271	4	(	(	PUNCT
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fbem-28715	271	13	)	)	PUNCT
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fbem-28715	271	20	)	)	PUNCT
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fbem-28715	271	23	6030	6030	NUM
fbem-28715	271	24	6030	6030	NUM
fbem-28715	271	25	6030	6030	NUM
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fbem-28715	273	4	*	*	PUNCT
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fbem-28715	273	6	*	*	PUNCT
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fbem-28715	273	12	*	*	PUNCT
fbem-28715	273	13	50.77	50.77	NUM
fbem-28715	273	14	*	*	PUNCT
fbem-28715	273	15	*	*	PUNCT
fbem-28715	273	16	*	*	NOUN
fbem-28715	273	17	notes	note	NOUN
fbem-28715	273	18	:	:	PUNCT
fbem-28715	273	19	significance	significance	NOUN
fbem-28715	273	20	at	at	ADP
fbem-28715	273	21	levels	level	NOUN
fbem-28715	273	22	:	:	PUNCT
fbem-28715	274	1	*	*	PUNCT
fbem-28715	274	2	*	*	PUNCT
fbem-28715	274	3	*	*	PUNCT
fbem-28715	274	4	p	p	X
fbem-28715	274	5	<	<	X
fbem-28715	274	6	0.001	0.001	NUM
fbem-28715	274	7	,	,	PUNCT
fbem-28715	274	8	*	*	PUNCT
fbem-28715	274	9	*	*	PUNCT
fbem-28715	274	10	p	p	X
fbem-28715	274	11	<	<	X
fbem-28715	274	12	0.01	0.01	NUM
fbem-28715	274	13	,	,	PUNCT
fbem-28715	274	14	*	*	PUNCT
fbem-28715	274	15	p	p	X
fbem-28715	274	16	<	<	X
fbem-28715	274	17	0.05	0.05	NUM
fbem-28715	274	18	.	.	PUNCT
fbem-28715	274	19	table	table	NOUN
fbem-28715	274	20	5	5	NUM
fbem-28715	274	21	shows	show	VERB
fbem-28715	274	22	the	the	DET
fbem-28715	274	23	results	result	NOUN
fbem-28715	274	24	of	of	ADP
fbem-28715	274	25	fixed	fix	VERB
fbem-28715	274	26	effects	effect	NOUN
fbem-28715	274	27	regression	regression	VERB
fbem-28715	274	28	analysis	analysis	NOUN
fbem-28715	274	29	.	.	PUNCT
fbem-28715	275	1	the	the	DET
fbem-28715	275	2	contents	content	NOUN
fbem-28715	275	3	of	of	ADP
fbem-28715	275	4	the	the	DET
fbem-28715	275	5	column	column	NOUN
fbem-28715	275	6	(	(	PUNCT
fbem-28715	275	7	1	1	X
fbem-28715	275	8	)	)	PUNCT
fbem-28715	275	9	shows	show	VERB
fbem-28715	275	10	that	that	SCONJ
fbem-28715	275	11	esg	esg	PROPN
fbem-28715	275	12	has	have	VERB
fbem-28715	275	13	a	a	DET
fbem-28715	275	14	significant	significant	ADJ
fbem-28715	275	15	negative	negative	ADJ
fbem-28715	275	16	influence	influence	NOUN
fbem-28715	275	17	on	on	ADP
fbem-28715	275	18	earnings	earning	NOUN
fbem-28715	275	19	volatility	volatility	NOUN
fbem-28715	275	20	(	(	PUNCT
fbem-28715	275	21	evol	evol	NOUN
fbem-28715	275	22	)	)	PUNCT
fbem-28715	275	23	at	at	ADP
fbem-28715	275	24	1	1	NUM
fbem-28715	275	25	%	%	NOUN
fbem-28715	275	26	level	level	NOUN
fbem-28715	275	27	,	,	PUNCT
fbem-28715	275	28	indicating	indicate	VERB
fbem-28715	275	29	that	that	SCONJ
fbem-28715	275	30	a	a	DET
fbem-28715	275	31	favorable	favorable	ADJ
fbem-28715	275	32	esg	esg	NOUN
fbem-28715	275	33	score	score	NOUN
fbem-28715	275	34	reduces	reduce	VERB
fbem-28715	275	35	earnings	earning	NOUN
fbem-28715	275	36	volatility	volatility	NOUN
fbem-28715	275	37	(	(	PUNCT
fbem-28715	275	38	evol	evol	NOUN
fbem-28715	275	39	)	)	PUNCT
fbem-28715	275	40	;	;	PUNCT
fbem-28715	275	41	thus	thus	ADV
fbem-28715	275	42	,	,	PUNCT
fbem-28715	275	43	h1	h1	PROPN
fbem-28715	275	44	is	be	AUX
fbem-28715	275	45	supported	support	VERB
fbem-28715	275	46	.	.	PUNCT
fbem-28715	276	1	column	column	NOUN
fbem-28715	276	2	(	(	PUNCT
fbem-28715	276	3	2	2	X
fbem-28715	276	4	)	)	PUNCT
fbem-28715	276	5	shows	show	VERB
fbem-28715	276	6	the	the	DET
fbem-28715	276	7	influence	influence	NOUN
fbem-28715	276	8	of	of	ADP
fbem-28715	276	9	esg	esg	PROPN
fbem-28715	276	10	on	on	ADP
fbem-28715	276	11	financial	financial	ADJ
fbem-28715	276	12	constraints	constraint	NOUN
fbem-28715	276	13	(	(	PUNCT
fbem-28715	276	14	fc	fc	INTJ
fbem-28715	276	15	)	)	PUNCT
fbem-28715	276	16	.	.	PUNCT
fbem-28715	277	1	the	the	DET
fbem-28715	277	2	results	result	NOUN
fbem-28715	277	3	indicate	indicate	VERB
fbem-28715	277	4	that	that	SCONJ
fbem-28715	277	5	a	a	DET
fbem-28715	277	6	good	good	ADJ
fbem-28715	277	7	esg	esg	PROPN
fbem-28715	277	8	score	score	NOUN
fbem-28715	277	9	alleviates	alleviate	VERB
fbem-28715	277	10	financial	financial	ADJ
fbem-28715	277	11	constraints	constraint	NOUN
fbem-28715	277	12	(	(	PUNCT
fbem-28715	277	13	fc	fc	INTJ
fbem-28715	277	14	)	)	PUNCT
fbem-28715	277	15	at	at	ADP
fbem-28715	277	16	0.1	0.1	NUM
fbem-28715	277	17	%	%	NOUN
fbem-28715	277	18	level	level	NOUN
fbem-28715	277	19	of	of	ADP
fbem-28715	277	20	significance	significance	NOUN
fbem-28715	277	21	;	;	PUNCT
fbem-28715	277	22	hence	hence	ADV
fbem-28715	277	23	,	,	PUNCT
fbem-28715	277	24	h2	h2	PROPN
fbem-28715	277	25	is	be	AUX
fbem-28715	277	26	supported	support	VERB
fbem-28715	277	27	.	.	PUNCT
fbem-28715	278	1	the	the	DET
fbem-28715	278	2	results	result	NOUN
fbem-28715	278	3	align	align	VERB
fbem-28715	278	4	with	with	ADP
fbem-28715	278	5	a	a	DET
fbem-28715	278	6	study	study	NOUN
fbem-28715	278	7	conducted	conduct	VERB
fbem-28715	278	8	by	by	ADP
fbem-28715	278	9	[	[	X
fbem-28715	278	10	6769	6769	NUM
fbem-28715	278	11	]	]	PUNCT
fbem-28715	278	12	,	,	PUNCT
fbem-28715	278	13	which	which	PRON
fbem-28715	278	14	found	find	VERB
fbem-28715	278	15	that	that	SCONJ
fbem-28715	278	16	firms	firm	NOUN
fbem-28715	278	17	with	with	ADP
fbem-28715	278	18	enhanced	enhanced	ADJ
fbem-28715	278	19	esg	esg	NOUN
fbem-28715	278	20	performance	performance	NOUN
fbem-28715	278	21	overcome	overcome	VERB
fbem-28715	278	22	financial	financial	ADJ
fbem-28715	278	23	constraints	constraint	NOUN
fbem-28715	278	24	.	.	PUNCT
fbem-28715	279	1	column	column	NOUN
fbem-28715	279	2	(	(	PUNCT
fbem-28715	279	3	3	3	X
fbem-28715	279	4	)	)	PUNCT
fbem-28715	279	5	tests	test	VERB
fbem-28715	279	6	the	the	DET
fbem-28715	279	7	moderating	moderate	VERB
fbem-28715	279	8	role	role	NOUN
fbem-28715	279	9	of	of	ADP
fbem-28715	279	10	supply	supply	NOUN
fbem-28715	279	11	chain	chain	NOUN
fbem-28715	279	12	concentration	concentration	NOUN
fbem-28715	279	13	(	(	PUNCT
fbem-28715	279	14	scc	scc	NOUN
fbem-28715	279	15	)	)	PUNCT
fbem-28715	279	16	.	.	PUNCT
fbem-28715	280	1	the	the	DET
fbem-28715	280	2	coefficient	coefficient	NOUN
fbem-28715	280	3	between	between	ADP
fbem-28715	280	4	scc	scc	PROPN
fbem-28715	280	5	and	and	CCONJ
fbem-28715	280	6	evol	evol	NOUN
fbem-28715	280	7	is	be	AUX
fbem-28715	280	8	insignificant	insignificant	ADJ
fbem-28715	280	9	,	,	PUNCT
fbem-28715	280	10	but	but	CCONJ
fbem-28715	280	11	the	the	DET
fbem-28715	280	12	interaction	interaction	NOUN
fbem-28715	280	13	term	term	NOUN
fbem-28715	280	14	is	be	AUX
fbem-28715	280	15	significant	significant	ADJ
fbem-28715	280	16	at	at	ADP
fbem-28715	280	17	1	1	NUM
fbem-28715	280	18	%	%	NOUN
fbem-28715	280	19	level	level	NOUN
fbem-28715	280	20	.	.	PUNCT
fbem-28715	281	1	the	the	DET
fbem-28715	281	2	results	result	NOUN
fbem-28715	281	3	indicate	indicate	VERB
fbem-28715	281	4	that	that	SCONJ
fbem-28715	281	5	the	the	DET
fbem-28715	281	6	moderating	moderate	VERB
fbem-28715	281	7	effect	effect	NOUN
fbem-28715	281	8	(	(	PUNCT
fbem-28715	281	9	i.e.	i.e.	X
fbem-28715	281	10	interaction	interaction	NOUN
fbem-28715	281	11	of	of	ADP
fbem-28715	281	12	esg	esg	PROPN
fbem-28715	281	13	and	and	CCONJ
fbem-28715	281	14	scc	scc	NOUN
fbem-28715	281	15	)	)	PUNCT
fbem-28715	281	16	strengthen	strengthen	VERB
fbem-28715	281	17	the	the	DET
fbem-28715	281	18	negative	negative	ADJ
fbem-28715	281	19	relationship	relationship	NOUN
fbem-28715	281	20	between	between	ADP
fbem-28715	281	21	esg	esg	PROPN
fbem-28715	281	22	and	and	CCONJ
fbem-28715	281	23	evol	evol	NOUN
fbem-28715	281	24	compared	compare	VERB
fbem-28715	281	25	to	to	ADP
fbem-28715	281	26	the	the	DET
fbem-28715	281	27	standalone	standalone	ADJ
fbem-28715	281	28	effect	effect	NOUN
fbem-28715	281	29	of	of	ADP
fbem-28715	281	30	scc	scc	NOUN
fbem-28715	281	31	;	;	PUNCT
fbem-28715	281	32	therefore	therefore	ADV
fbem-28715	281	33	,	,	PUNCT
fbem-28715	281	34	h3	h3	NOUN
fbem-28715	281	35	is	be	AUX
fbem-28715	281	36	supported	support	VERB
fbem-28715	281	37	which	which	PRON
fbem-28715	281	38	is	be	AUX
fbem-28715	281	39	corroborates	corroborate	VERB
fbem-28715	281	40	recent	recent	ADJ
fbem-28715	281	41	findings	finding	NOUN
fbem-28715	281	42	by	by	ADP
fbem-28715	281	43	[	[	X
fbem-28715	281	44	70	70	NUM
fbem-28715	281	45	]	]	PUNCT
fbem-28715	281	46	.	.	PUNCT
fbem-28715	282	1	column	column	NOUN
fbem-28715	282	2	(	(	PUNCT
fbem-28715	282	3	3	3	X
fbem-28715	282	4	)	)	PUNCT
fbem-28715	282	5	tests	test	VERB
fbem-28715	282	6	the	the	DET
fbem-28715	282	7	influence	influence	NOUN
fbem-28715	282	8	of	of	ADP
fbem-28715	282	9	alleviated	alleviated	ADJ
fbem-28715	282	10	financial	financial	ADJ
fbem-28715	282	11	constraints	constraint	NOUN
fbem-28715	282	12	(	(	PUNCT
fbem-28715	282	13	fc	fc	INTJ
fbem-28715	282	14	)	)	PUNCT
fbem-28715	282	15	on	on	ADP
fbem-28715	282	16	earnings	earning	NOUN
fbem-28715	282	17	volatility	volatility	NOUN
fbem-28715	282	18	(	(	PUNCT
fbem-28715	282	19	evol	evol	NOUN
fbem-28715	282	20	)	)	PUNCT
fbem-28715	282	21	.	.	PUNCT
fbem-28715	283	1	the	the	DET
fbem-28715	283	2	results	result	NOUN
fbem-28715	283	3	484	484	NUM
fbem-28715	283	4	show	show	NOUN
fbem-28715	283	5	,	,	PUNCT
fbem-28715	283	6	at	at	ADP
fbem-28715	283	7	the	the	DET
fbem-28715	283	8	1	1	NUM
fbem-28715	283	9	%	%	NOUN
fbem-28715	283	10	level	level	NOUN
fbem-28715	283	11	of	of	ADP
fbem-28715	283	12	significance	significance	NOUN
fbem-28715	283	13	,	,	PUNCT
fbem-28715	283	14	that	that	SCONJ
fbem-28715	283	15	the	the	DET
fbem-28715	283	16	alleviation	alleviation	NOUN
fbem-28715	283	17	of	of	ADP
fbem-28715	283	18	financial	financial	ADJ
fbem-28715	283	19	constraints	constraint	NOUN
fbem-28715	283	20	reduces	reduce	VERB
fbem-28715	283	21	earnings	earning	NOUN
fbem-28715	283	22	volatility	volatility	NOUN
fbem-28715	283	23	,	,	PUNCT
fbem-28715	283	24	supporting	support	VERB
fbem-28715	283	25	h4	h4	NOUN
fbem-28715	283	26	.	.	PUNCT
fbem-28715	284	1	following	follow	VERB
fbem-28715	284	2	[	[	X
fbem-28715	284	3	71	71	NUM
fbem-28715	284	4	]	]	PUNCT
fbem-28715	284	5	,	,	PUNCT
fbem-28715	284	6	column	column	NOUN
fbem-28715	284	7	(	(	PUNCT
fbem-28715	284	8	5	5	NUM
fbem-28715	284	9	)	)	PUNCT
fbem-28715	284	10	presents	present	VERB
fbem-28715	284	11	the	the	DET
fbem-28715	284	12	final	final	ADJ
fbem-28715	284	13	step	step	NOUN
fbem-28715	284	14	in	in	ADP
fbem-28715	284	15	the	the	DET
fbem-28715	284	16	mediation	mediation	NOUN
fbem-28715	284	17	effect	effect	NOUN
fbem-28715	284	18	computation	computation	NOUN
fbem-28715	284	19	.	.	PUNCT
fbem-28715	285	1	the	the	DET
fbem-28715	285	2	results	result	NOUN
fbem-28715	285	3	indicate	indicate	VERB
fbem-28715	285	4	that	that	SCONJ
fbem-28715	285	5	financial	financial	ADJ
fbem-28715	285	6	constraints	constraint	NOUN
fbem-28715	285	7	(	(	PUNCT
fbem-28715	285	8	fc	fc	INTJ
fbem-28715	285	9	)	)	PUNCT
fbem-28715	285	10	partially	partially	ADV
fbem-28715	285	11	mediate	mediate	VERB
fbem-28715	285	12	the	the	DET
fbem-28715	285	13	relationship	relationship	NOUN
fbem-28715	285	14	between	between	ADP
fbem-28715	285	15	esg	esg	PROPN
fbem-28715	285	16	and	and	CCONJ
fbem-28715	285	17	earnings	earning	NOUN
fbem-28715	285	18	volatility	volatility	NOUN
fbem-28715	285	19	(	(	PUNCT
fbem-28715	285	20	evol	evol	NOUN
fbem-28715	285	21	)	)	PUNCT
fbem-28715	285	22	.	.	PUNCT
fbem-28715	286	1	models	model	NOUN
fbem-28715	286	2	1	1	NUM
fbem-28715	286	3	and	and	CCONJ
fbem-28715	286	4	2	2	NUM
fbem-28715	286	5	,	,	PUNCT
fbem-28715	286	6	in	in	ADP
fbem-28715	286	7	columns	column	NOUN
fbem-28715	286	8	(	(	PUNCT
fbem-28715	286	9	1	1	NUM
fbem-28715	286	10	)	)	PUNCT
fbem-28715	286	11	and	and	CCONJ
fbem-28715	286	12	(	(	PUNCT
fbem-28715	286	13	2	2	X
fbem-28715	286	14	)	)	PUNCT
fbem-28715	286	15	are	be	AUX
fbem-28715	286	16	significant	significant	ADJ
fbem-28715	286	17	,	,	PUNCT
fbem-28715	286	18	and	and	CCONJ
fbem-28715	286	19	the	the	DET
fbem-28715	286	20	coefficient	coefficient	NOUN
fbem-28715	286	21	of	of	ADP
fbem-28715	286	22	esg	esg	PROPN
fbem-28715	286	23	in	in	ADP
fbem-28715	286	24	column	column	NOUN
fbem-28715	286	25	5	5	NUM
fbem-28715	286	26	(	(	PUNCT
fbem-28715	286	27	model	model	NOUN
fbem-28715	286	28	5	5	NUM
fbem-28715	286	29	)	)	PUNCT
fbem-28715	286	30	decreased	decrease	VERB
fbem-28715	286	31	compared	compare	VERB
fbem-28715	286	32	to	to	ADP
fbem-28715	286	33	the	the	DET
fbem-28715	286	34	coefficient	coefficient	NOUN
fbem-28715	286	35	of	of	ADP
fbem-28715	286	36	esg	esg	PROPN
fbem-28715	286	37	in	in	ADP
fbem-28715	286	38	column	column	NOUN
fbem-28715	286	39	1	1	NUM
fbem-28715	286	40	(	(	PUNCT
fbem-28715	286	41	model	model	NOUN
fbem-28715	286	42	1	1	NUM
fbem-28715	286	43	)	)	PUNCT
fbem-28715	286	44	,	,	PUNCT
fbem-28715	286	45	indicating	indicate	VERB
fbem-28715	286	46	partial	partial	ADJ
fbem-28715	286	47	mediation	mediation	NOUN
fbem-28715	286	48	and	and	CCONJ
fbem-28715	286	49	confirming	confirm	VERB
fbem-28715	286	50	h5	h5	NOUN
fbem-28715	286	51	.	.	PUNCT
fbem-28715	287	1	these	these	DET
fbem-28715	287	2	findings	finding	NOUN
fbem-28715	287	3	are	be	AUX
fbem-28715	287	4	consistence	consistence	NOUN
fbem-28715	287	5	with	with	ADP
fbem-28715	287	6	previous	previous	ADJ
fbem-28715	287	7	research	research	NOUN
fbem-28715	287	8	conducted	conduct	VERB
fbem-28715	287	9	[	[	X
fbem-28715	287	10	72	72	NUM
fbem-28715	287	11	,	,	PUNCT
fbem-28715	287	12	73	73	NUM
fbem-28715	287	13	]	]	PUNCT
fbem-28715	287	14	,	,	PUNCT
fbem-28715	287	15	confirming	confirm	VERB
fbem-28715	287	16	the	the	DET
fbem-28715	287	17	mediation	mediation	NOUN
fbem-28715	287	18	role	role	NOUN
fbem-28715	287	19	played	play	VERB
fbem-28715	287	20	by	by	ADP
fbem-28715	287	21	fc	fc	PROPN
fbem-28715	287	22	in	in	ADP
fbem-28715	287	23	the	the	DET
fbem-28715	287	24	relationship	relationship	NOUN
fbem-28715	287	25	between	between	ADP
fbem-28715	287	26	esg	esg	PROPN
fbem-28715	287	27	and	and	CCONJ
fbem-28715	287	28	other	other	ADJ
fbem-28715	287	29	financial	financial	ADJ
fbem-28715	287	30	metrics	metric	NOUN
fbem-28715	287	31	.	.	PUNCT
fbem-28715	288	1	control	control	NOUN
fbem-28715	288	2	variables	variable	NOUN
fbem-28715	288	3	such	such	ADJ
fbem-28715	288	4	as	as	ADP
fbem-28715	288	5	roa	roa	PROPN
fbem-28715	288	6	,	,	PUNCT
fbem-28715	288	7	fl	fl	PROPN
fbem-28715	288	8	,	,	PUNCT
fbem-28715	288	9	fs	fs	PROPN
fbem-28715	288	10	,	,	PUNCT
fbem-28715	288	11	and	and	CCONJ
fbem-28715	288	12	fa	fa	PROPN
fbem-28715	288	13	were	be	AUX
fbem-28715	288	14	significant	significant	ADJ
fbem-28715	288	15	across	across	ADP
fbem-28715	288	16	all	all	DET
fbem-28715	288	17	models	model	NOUN
fbem-28715	288	18	,	,	PUNCT
fbem-28715	288	19	which	which	PRON
fbem-28715	288	20	is	be	AUX
fbem-28715	288	21	in	in	ADP
fbem-28715	288	22	accordance	accordance	NOUN
fbem-28715	288	23	with	with	ADP
fbem-28715	288	24	previous	previous	ADJ
fbem-28715	288	25	studies	study	NOUN
fbem-28715	288	26	[	[	X
fbem-28715	288	27	74	74	NUM
fbem-28715	288	28	-	-	SYM
fbem-28715	288	29	76	76	NUM
fbem-28715	288	30	]	]	PUNCT
fbem-28715	288	31	.	.	PUNCT
fbem-28715	289	1	however	however	ADV
fbem-28715	289	2	,	,	PUNCT
fbem-28715	289	3	some	some	DET
fbem-28715	289	4	variables	variable	NOUN
fbem-28715	289	5	,	,	PUNCT
fbem-28715	289	6	such	such	ADJ
fbem-28715	289	7	as	as	ADP
fbem-28715	289	8	mb	mb	NOUN
fbem-28715	289	9	,	,	PUNCT
fbem-28715	289	10	were	be	AUX
fbem-28715	289	11	insignificant	insignificant	ADJ
fbem-28715	289	12	in	in	ADP
fbem-28715	289	13	model	model	NOUN
fbem-28715	289	14	2	2	NUM
fbem-28715	289	15	.	.	PUNCT
fbem-28715	289	16	other	other	ADJ
fbem-28715	289	17	variables	variable	NOUN
fbem-28715	289	18	,	,	PUNCT
fbem-28715	289	19	such	such	ADJ
fbem-28715	289	20	as	as	ADP
fbem-28715	289	21	sgr	sgr	PROPN
fbem-28715	289	22	and	and	CCONJ
fbem-28715	289	23	ll	ll	AUX
fbem-28715	289	24	,	,	PUNCT
fbem-28715	289	25	were	be	AUX
fbem-28715	289	26	generally	generally	ADV
fbem-28715	289	27	insignificant	insignificant	ADJ
fbem-28715	289	28	across	across	ADP
fbem-28715	289	29	all	all	DET
fbem-28715	289	30	models	model	NOUN
fbem-28715	289	31	,	,	PUNCT
fbem-28715	289	32	except	except	SCONJ
fbem-28715	289	33	in	in	ADP
fbem-28715	289	34	model	model	NOUN
fbem-28715	289	35	2	2	NUM
fbem-28715	289	36	,	,	PUNCT
fbem-28715	289	37	where	where	SCONJ
fbem-28715	289	38	ll	ll	AUX
fbem-28715	289	39	was	be	AUX
fbem-28715	289	40	significant	significant	ADJ
fbem-28715	289	41	.	.	PUNCT
fbem-28715	290	1	the	the	DET
fbem-28715	290	2	significance	significance	NOUN
fbem-28715	290	3	of	of	ADP
fbem-28715	290	4	the	the	DET
fbem-28715	290	5	majority	majority	NOUN
fbem-28715	290	6	of	of	ADP
fbem-28715	290	7	the	the	DET
fbem-28715	290	8	control	control	NOUN
fbem-28715	290	9	variables	variable	NOUN
fbem-28715	290	10	shows	show	VERB
fbem-28715	290	11	their	their	PRON
fbem-28715	290	12	impact	impact	NOUN
fbem-28715	290	13	on	on	ADP
fbem-28715	290	14	earnings	earning	NOUN
fbem-28715	290	15	volatility	volatility	NOUN
fbem-28715	290	16	,	,	PUNCT
fbem-28715	290	17	positively	positively	ADV
fbem-28715	290	18	or	or	CCONJ
fbem-28715	290	19	negatively	negatively	ADV
fbem-28715	290	20	.	.	PUNCT
fbem-28715	291	1	to	to	PART
fbem-28715	291	2	examine	examine	VERB
fbem-28715	291	3	the	the	DET
fbem-28715	291	4	indirect	indirect	ADJ
fbem-28715	291	5	effect	effect	NOUN
fbem-28715	291	6	of	of	ADP
fbem-28715	291	7	the	the	DET
fbem-28715	291	8	moderator	moderator	NOUN
fbem-28715	291	9	(	(	PUNCT
fbem-28715	291	10	fc	fc	INTJ
fbem-28715	291	11	)	)	PUNCT
fbem-28715	291	12	and	and	CCONJ
fbem-28715	291	13	ensure	ensure	VERB
fbem-28715	291	14	the	the	DET
fbem-28715	291	15	robustness	robustness	NOUN
fbem-28715	291	16	of	of	ADP
fbem-28715	291	17	the	the	DET
fbem-28715	291	18	results	result	NOUN
fbem-28715	291	19	,	,	PUNCT
fbem-28715	291	20	the	the	DET
fbem-28715	291	21	bootstrap	bootstrap	NOUN
fbem-28715	291	22	method	method	NOUN
fbem-28715	291	23	was	be	AUX
fbem-28715	291	24	implemented	implement	VERB
fbem-28715	291	25	.	.	PUNCT
fbem-28715	292	1	using	use	VERB
fbem-28715	292	2	the	the	DET
fbem-28715	292	3	bootstrap	bootstrap	NOUN
fbem-28715	292	4	method	method	NOUN
fbem-28715	292	5	(	(	PUNCT
fbem-28715	292	6	n	n	NOUN
fbem-28715	292	7	=	=	SYM
fbem-28715	292	8	1000	1000	NUM
fbem-28715	292	9	)	)	PUNCT
fbem-28715	292	10	,	,	PUNCT
fbem-28715	292	11	the	the	DET
fbem-28715	292	12	indirect	indirect	ADJ
fbem-28715	292	13	effect	effect	NOUN
fbem-28715	292	14	of	of	ADP
fbem-28715	292	15	fc	fc	PROPN
fbem-28715	292	16	on	on	ADP
fbem-28715	292	17	the	the	DET
fbem-28715	292	18	relationship	relationship	NOUN
fbem-28715	292	19	between	between	ADP
fbem-28715	292	20	esg	esg	PROPN
fbem-28715	292	21	and	and	CCONJ
fbem-28715	292	22	evol	evol	NOUN
fbem-28715	292	23	was	be	AUX
fbem-28715	292	24	tested	test	VERB
fbem-28715	292	25	.	.	PUNCT
fbem-28715	293	1	table	table	NOUN
fbem-28715	293	2	6	6	NUM
fbem-28715	293	3	shows	show	VERB
fbem-28715	293	4	that	that	SCONJ
fbem-28715	293	5	,	,	PUNCT
fbem-28715	293	6	at	at	ADP
fbem-28715	293	7	the	the	DET
fbem-28715	293	8	95	95	NUM
fbem-28715	293	9	%	%	NOUN
fbem-28715	293	10	confidence	confidence	NOUN
fbem-28715	293	11	level	level	NOUN
fbem-28715	293	12	,	,	PUNCT
fbem-28715	293	13	the	the	DET
fbem-28715	293	14	confidence	confidence	NOUN
fbem-28715	293	15	interval	interval	NOUN
fbem-28715	293	16	for	for	ADP
fbem-28715	293	17	the	the	DET
fbem-28715	293	18	indirect	indirect	ADJ
fbem-28715	293	19	effect	effect	NOUN
fbem-28715	293	20	of	of	ADP
fbem-28715	293	21	financial	financial	ADJ
fbem-28715	293	22	constraints	constraint	NOUN
fbem-28715	293	23	(	(	PUNCT
fbem-28715	293	24	fc	fc	INTJ
fbem-28715	293	25	)	)	PUNCT
fbem-28715	293	26	did	do	AUX
fbem-28715	293	27	not	not	PART
fbem-28715	293	28	contain	contain	VERB
fbem-28715	293	29	0	0	NUM
fbem-28715	293	30	,	,	PUNCT
fbem-28715	293	31	further	far	ADV
fbem-28715	293	32	confirming	confirm	VERB
fbem-28715	293	33	the	the	DET
fbem-28715	293	34	existence	existence	NOUN
fbem-28715	293	35	of	of	ADP
fbem-28715	293	36	the	the	DET
fbem-28715	293	37	mediation	mediation	NOUN
fbem-28715	293	38	effect	effect	NOUN
fbem-28715	293	39	.	.	PUNCT
fbem-28715	294	1	the	the	DET
fbem-28715	294	2	results	result	NOUN
fbem-28715	294	3	further	far	ADV
fbem-28715	294	4	verify	verify	VERB
fbem-28715	294	5	h5	h5	NOUN
fbem-28715	294	6	.	.	PUNCT
fbem-28715	295	1	table	table	NOUN
fbem-28715	295	2	6	6	NUM
fbem-28715	295	3	.	.	PUNCT
fbem-28715	296	1	mediation	mediation	NOUN
fbem-28715	296	2	effect	effect	NOUN
fbem-28715	296	3	test	test	NOUN
fbem-28715	296	4	using	use	VERB
fbem-28715	296	5	the	the	DET
fbem-28715	296	6	bootstrap	bootstrap	NOUN
fbem-28715	296	7	method	method	NOUN
fbem-28715	296	8	indirect	indirect	ADJ
fbem-28715	296	9	effect	effect	NOUN
fbem-28715	296	10	observed	observe	VERB
fbem-28715	296	11	coefficient	coefficient	NOUN
fbem-28715	296	12	bootstrap	bootstrap	NOUN
fbem-28715	296	13	standard	standard	ADJ
fbem-28715	296	14	error	error	NOUN
fbem-28715	296	15	z	z	NOUN
fbem-28715	296	16	-	-	PUNCT
fbem-28715	296	17	value	value	NOUN
fbem-28715	296	18	p	p	NOUN
fbem-28715	296	19	-	-	PUNCT
fbem-28715	296	20	value	value	NOUN
fbem-28715	296	21	confidence	confidence	NOUN
fbem-28715	296	22	interval	interval	NOUN
fbem-28715	296	23	fc	fc	PROPN
fbem-28715	296	24	0.036	0.036	NUM
fbem-28715	296	25	0.012	0.012	NUM
fbem-28715	296	26	2.00	2.00	NUM
fbem-28715	296	27	0.004	0.004	NUM
fbem-28715	296	28	0.0304	0.0304	NUM
fbem-28715	296	29	0.042	0.042	NUM
fbem-28715	296	30	notes	note	NOUN
fbem-28715	296	31	:	:	PUNCT
fbem-28715	296	32	significance	significance	NOUN
fbem-28715	296	33	at	at	ADP
fbem-28715	296	34	levels	level	NOUN
fbem-28715	296	35	:	:	PUNCT
fbem-28715	297	1	*	*	PUNCT
fbem-28715	297	2	*	*	PUNCT
fbem-28715	297	3	p	p	X
fbem-28715	297	4	<	<	X
fbem-28715	297	5	0.01	0.01	NUM
fbem-28715	297	6	.	.	PUNCT
fbem-28715	298	1	6	6	NUM
fbem-28715	298	2	.	.	X
fbem-28715	298	3	discussion	discussion	NOUN
fbem-28715	298	4	and	and	CCONJ
fbem-28715	298	5	conclusion	conclusion	NOUN
fbem-28715	298	6	this	this	DET
fbem-28715	298	7	study	study	NOUN
fbem-28715	298	8	empirically	empirically	ADV
fbem-28715	298	9	examined	examine	VERB
fbem-28715	298	10	the	the	DET
fbem-28715	298	11	effect	effect	NOUN
fbem-28715	298	12	of	of	ADP
fbem-28715	298	13	esg	esg	PROPN
fbem-28715	298	14	on	on	ADP
fbem-28715	298	15	earnings	earning	NOUN
fbem-28715	298	16	volatility	volatility	NOUN
fbem-28715	298	17	,	,	PUNCT
fbem-28715	298	18	with	with	ADP
fbem-28715	298	19	financial	financial	ADJ
fbem-28715	298	20	constraints	constraint	NOUN
fbem-28715	298	21	as	as	ADP
fbem-28715	298	22	a	a	DET
fbem-28715	298	23	mediator	mediator	NOUN
fbem-28715	298	24	and	and	CCONJ
fbem-28715	298	25	supply	supply	NOUN
fbem-28715	298	26	chain	chain	NOUN
fbem-28715	298	27	concentration	concentration	NOUN
fbem-28715	298	28	as	as	ADP
fbem-28715	298	29	a	a	DET
fbem-28715	298	30	moderator	moderator	NOUN
fbem-28715	298	31	,	,	PUNCT
fbem-28715	298	32	using	use	VERB
fbem-28715	298	33	data	datum	NOUN
fbem-28715	298	34	from	from	ADP
fbem-28715	298	35	a	a	DET
fbem-28715	298	36	-	-	PUNCT
fbem-28715	298	37	share	share	NOUN
fbem-28715	298	38	listed	list	VERB
fbem-28715	298	39	companies	company	NOUN
fbem-28715	298	40	from	from	ADP
fbem-28715	298	41	2013	2013	NUM
fbem-28715	298	42	to	to	ADP
fbem-28715	298	43	2022	2022	NUM
fbem-28715	298	44	.	.	PUNCT
fbem-28715	299	1	the	the	DET
fbem-28715	299	2	study	study	NOUN
fbem-28715	299	3	found	find	VERB
fbem-28715	299	4	that	that	SCONJ
fbem-28715	299	5	favorable	favorable	ADJ
fbem-28715	299	6	esg	esg	NOUN
fbem-28715	299	7	performance	performance	NOUN
fbem-28715	299	8	reduces	reduce	VERB
fbem-28715	299	9	earnings	earning	NOUN
fbem-28715	299	10	volatility	volatility	NOUN
fbem-28715	299	11	,	,	PUNCT
fbem-28715	299	12	suggesting	suggest	VERB
fbem-28715	299	13	that	that	SCONJ
fbem-28715	299	14	companies	company	NOUN
fbem-28715	299	15	with	with	ADP
fbem-28715	299	16	strong	strong	ADJ
fbem-28715	299	17	esg	esg	NOUN
fbem-28715	299	18	practices	practice	NOUN
fbem-28715	299	19	prioritize	prioritize	VERB
fbem-28715	299	20	sustainability	sustainability	NOUN
fbem-28715	299	21	,	,	PUNCT
fbem-28715	299	22	ethical	ethical	ADJ
fbem-28715	299	23	operations	operation	NOUN
fbem-28715	299	24	,	,	PUNCT
fbem-28715	299	25	and	and	CCONJ
fbem-28715	299	26	social	social	ADJ
fbem-28715	299	27	impact	impact	NOUN
fbem-28715	299	28	.	.	PUNCT
fbem-28715	300	1	environmentally	environmentally	ADV
fbem-28715	300	2	,	,	PUNCT
fbem-28715	300	3	they	they	PRON
fbem-28715	300	4	minimize	minimize	VERB
fbem-28715	300	5	carbon	carbon	NOUN
fbem-28715	300	6	emissions	emission	NOUN
fbem-28715	300	7	,	,	PUNCT
fbem-28715	300	8	waste	waste	NOUN
fbem-28715	300	9	,	,	PUNCT
fbem-28715	300	10	and	and	CCONJ
fbem-28715	300	11	excessive	excessive	ADJ
fbem-28715	300	12	resource	resource	NOUN
fbem-28715	300	13	consumption	consumption	NOUN
fbem-28715	300	14	.	.	PUNCT
fbem-28715	301	1	socially	socially	ADV
fbem-28715	301	2	,	,	PUNCT
fbem-28715	301	3	they	they	PRON
fbem-28715	301	4	promote	promote	VERB
fbem-28715	301	5	diversity	diversity	NOUN
fbem-28715	301	6	,	,	PUNCT
fbem-28715	301	7	equality	equality	NOUN
fbem-28715	301	8	,	,	PUNCT
fbem-28715	301	9	good	good	ADJ
fbem-28715	301	10	working	working	NOUN
fbem-28715	301	11	conditions	condition	NOUN
fbem-28715	301	12	,	,	PUNCT
fbem-28715	301	13	and	and	CCONJ
fbem-28715	301	14	respect	respect	NOUN
fbem-28715	301	15	for	for	ADP
fbem-28715	301	16	human	human	ADJ
fbem-28715	301	17	rights	right	NOUN
fbem-28715	301	18	.	.	PUNCT
fbem-28715	302	1	in	in	ADP
fbem-28715	302	2	governance	governance	NOUN
fbem-28715	302	3	,	,	PUNCT
fbem-28715	302	4	they	they	PRON
fbem-28715	302	5	ensure	ensure	VERB
fbem-28715	302	6	accountability	accountability	NOUN
fbem-28715	302	7	,	,	PUNCT
fbem-28715	302	8	transparency	transparency	NOUN
fbem-28715	302	9	,	,	PUNCT
fbem-28715	302	10	and	and	CCONJ
fbem-28715	302	11	ethical	ethical	ADJ
fbem-28715	302	12	decisionmaking	decisionmaking	NOUN
fbem-28715	302	13	aligned	align	VERB
fbem-28715	302	14	with	with	ADP
fbem-28715	302	15	the	the	DET
fbem-28715	302	16	interests	interest	NOUN
fbem-28715	302	17	of	of	ADP
fbem-28715	302	18	shareholders	shareholder	NOUN
fbem-28715	302	19	and	and	CCONJ
fbem-28715	302	20	stakeholders	stakeholder	NOUN
fbem-28715	302	21	.	.	PUNCT
fbem-28715	303	1	by	by	ADP
fbem-28715	303	2	adhering	adhere	VERB
fbem-28715	303	3	to	to	ADP
fbem-28715	303	4	esg	esg	PROPN
fbem-28715	303	5	principles	principle	NOUN
fbem-28715	303	6	,	,	PUNCT
fbem-28715	303	7	companies	company	NOUN
fbem-28715	303	8	attract	attract	VERB
fbem-28715	303	9	investors	investor	NOUN
fbem-28715	303	10	,	,	PUNCT
fbem-28715	303	11	reduce	reduce	VERB
fbem-28715	303	12	costs	cost	NOUN
fbem-28715	303	13	of	of	ADP
fbem-28715	303	14	debt	debt	NOUN
fbem-28715	303	15	and	and	CCONJ
fbem-28715	303	16	equity	equity	NOUN
fbem-28715	303	17	,	,	PUNCT
fbem-28715	303	18	and	and	CCONJ
fbem-28715	303	19	foster	foster	VERB
fbem-28715	303	20	strong	strong	ADJ
fbem-28715	303	21	relationships	relationship	NOUN
fbem-28715	303	22	with	with	ADP
fbem-28715	303	23	suppliers	supplier	NOUN
fbem-28715	303	24	and	and	CCONJ
fbem-28715	303	25	customers	customer	NOUN
fbem-28715	303	26	,	,	PUNCT
fbem-28715	303	27	leading	lead	VERB
fbem-28715	303	28	to	to	ADP
fbem-28715	303	29	lower	low	ADJ
fbem-28715	303	30	earnings	earning	NOUN
fbem-28715	303	31	volatility	volatility	NOUN
fbem-28715	303	32	,	,	PUNCT
fbem-28715	303	33	as	as	SCONJ
fbem-28715	303	34	shown	show	VERB
fbem-28715	303	35	in	in	ADP
fbem-28715	303	36	this	this	DET
fbem-28715	303	37	study	study	NOUN
fbem-28715	303	38	[	[	X
fbem-28715	303	39	4	4	NUM
fbem-28715	303	40	,	,	PUNCT
fbem-28715	303	41	50	50	NUM
fbem-28715	303	42	-	-	SYM
fbem-28715	303	43	52	52	NUM
fbem-28715	303	44	]	]	PUNCT
fbem-28715	303	45	.	.	PUNCT
fbem-28715	304	1	the	the	DET
fbem-28715	304	2	significant	significant	ADJ
fbem-28715	304	3	mediating	mediate	VERB
fbem-28715	304	4	effect	effect	NOUN
fbem-28715	304	5	of	of	ADP
fbem-28715	304	6	financial	financial	ADJ
fbem-28715	304	7	constraints	constraint	NOUN
fbem-28715	304	8	highlights	highlight	VERB
fbem-28715	304	9	the	the	DET
fbem-28715	304	10	importance	importance	NOUN
fbem-28715	304	11	of	of	ADP
fbem-28715	304	12	resources	resource	NOUN
fbem-28715	304	13	for	for	ADP
fbem-28715	304	14	firms	firm	NOUN
fbem-28715	304	15	in	in	ADP
fbem-28715	304	16	achieving	achieve	VERB
fbem-28715	304	17	favorable	favorable	ADJ
fbem-28715	304	18	earnings	earning	NOUN
fbem-28715	304	19	.	.	PUNCT
fbem-28715	305	1	this	this	PRON
fbem-28715	305	2	supports	support	VERB
fbem-28715	305	3	[	[	X
fbem-28715	305	4	47	47	NUM
fbem-28715	305	5	]	]	PUNCT
fbem-28715	305	6	resource	resource	NOUN
fbem-28715	305	7	dependence	dependence	NOUN
fbem-28715	305	8	theory	theory	NOUN
fbem-28715	305	9	,	,	PUNCT
fbem-28715	305	10	showing	show	VERB
fbem-28715	305	11	that	that	SCONJ
fbem-28715	305	12	firms	firm	NOUN
fbem-28715	305	13	with	with	ADP
fbem-28715	305	14	unconstrained	unconstrained	ADJ
fbem-28715	305	15	access	access	NOUN
fbem-28715	305	16	to	to	ADP
fbem-28715	305	17	resources	resource	NOUN
fbem-28715	305	18	due	due	ADJ
fbem-28715	305	19	to	to	ADP
fbem-28715	305	20	good	good	ADJ
fbem-28715	305	21	esg	esg	PROPN
fbem-28715	305	22	performance	performance	NOUN
fbem-28715	305	23	experience	experience	NOUN
fbem-28715	305	24	lower	low	ADJ
fbem-28715	305	25	earnings	earning	NOUN
fbem-28715	305	26	volatility	volatility	NOUN
fbem-28715	305	27	.	.	PUNCT
fbem-28715	306	1	the	the	DET
fbem-28715	306	2	moderating	moderate	VERB
fbem-28715	306	3	effect	effect	NOUN
fbem-28715	306	4	of	of	ADP
fbem-28715	306	5	supply	supply	NOUN
fbem-28715	306	6	chain	chain	NOUN
fbem-28715	306	7	concentration	concentration	NOUN
fbem-28715	306	8	reveals	reveal	VERB
fbem-28715	306	9	that	that	SCONJ
fbem-28715	306	10	the	the	DET
fbem-28715	306	11	interaction	interaction	NOUN
fbem-28715	306	12	term	term	NOUN
fbem-28715	306	13	strengthens	strengthen	VERB
fbem-28715	306	14	the	the	DET
fbem-28715	306	15	negative	negative	ADJ
fbem-28715	306	16	impact	impact	NOUN
fbem-28715	306	17	of	of	ADP
fbem-28715	306	18	esg	esg	NOUN
fbem-28715	306	19	on	on	ADP
fbem-28715	306	20	earnings	earning	NOUN
fbem-28715	306	21	volatility	volatility	NOUN
fbem-28715	306	22	.	.	PUNCT
fbem-28715	307	1	the	the	DET
fbem-28715	307	2	findings	finding	NOUN
fbem-28715	307	3	suggest	suggest	VERB
fbem-28715	307	4	that	that	SCONJ
fbem-28715	307	5	high	high	ADJ
fbem-28715	307	6	supply	supply	NOUN
fbem-28715	307	7	chain	chain	NOUN
fbem-28715	307	8	concentration	concentration	NOUN
fbem-28715	307	9	enhances	enhance	VERB
fbem-28715	307	10	esg	esg	PROPN
fbem-28715	307	11	's	's	PART
fbem-28715	307	12	effects	effect	NOUN
fbem-28715	307	13	,	,	PUNCT
fbem-28715	307	14	further	far	ADV
fbem-28715	307	15	reducing	reduce	VERB
fbem-28715	307	16	earnings	earning	NOUN
fbem-28715	307	17	volatility	volatility	NOUN
fbem-28715	307	18	.	.	PUNCT
fbem-28715	308	1	however	however	ADV
fbem-28715	308	2	,	,	PUNCT
fbem-28715	308	3	the	the	DET
fbem-28715	308	4	literature	literature	NOUN
fbem-28715	308	5	presents	present	VERB
fbem-28715	308	6	mixed	mixed	ADJ
fbem-28715	308	7	results	result	NOUN
fbem-28715	308	8	on	on	ADP
fbem-28715	308	9	whether	whether	SCONJ
fbem-28715	308	10	high	high	ADJ
fbem-28715	308	11	or	or	CCONJ
fbem-28715	308	12	low	low	ADJ
fbem-28715	308	13	supply	supply	NOUN
fbem-28715	308	14	chain	chain	NOUN
fbem-28715	308	15	concentration	concentration	NOUN
fbem-28715	308	16	influences	influence	VERB
fbem-28715	308	17	financial	financial	ADJ
fbem-28715	308	18	metrics	metric	NOUN
fbem-28715	308	19	.	.	PUNCT
fbem-28715	309	1	some	some	DET
fbem-28715	309	2	studies	study	NOUN
fbem-28715	309	3	find	find	VERB
fbem-28715	309	4	high	high	ADJ
fbem-28715	309	5	supply	supply	NOUN
fbem-28715	309	6	chain	chain	NOUN
fbem-28715	309	7	concentration	concentration	NOUN
fbem-28715	309	8	influential	influential	NOUN
fbem-28715	309	9	,	,	PUNCT
fbem-28715	309	10	others	other	NOUN
fbem-28715	309	11	low	low	ADJ
fbem-28715	309	12	concentration	concentration	NOUN
fbem-28715	309	13	,	,	PUNCT
fbem-28715	309	14	and	and	CCONJ
fbem-28715	309	15	some	some	DET
fbem-28715	309	16	both	both	PRON
fbem-28715	309	17	or	or	CCONJ
fbem-28715	309	18	none	none	NOUN
fbem-28715	309	19	[	[	X
fbem-28715	309	20	35	35	NUM
fbem-28715	309	21	,	,	PUNCT
fbem-28715	309	22	77	77	NUM
fbem-28715	309	23	,	,	PUNCT
fbem-28715	309	24	78	78	NUM
fbem-28715	309	25	]	]	PUNCT
fbem-28715	309	26	.	.	PUNCT
fbem-28715	310	1	additionally	additionally	ADV
fbem-28715	310	2	,	,	PUNCT
fbem-28715	310	3	all	all	DET
fbem-28715	310	4	control	control	NOUN
fbem-28715	310	5	variables	variable	NOUN
fbem-28715	310	6	,	,	PUNCT
fbem-28715	310	7	except	except	SCONJ
fbem-28715	310	8	the	the	DET
fbem-28715	310	9	sales	sale	NOUN
fbem-28715	310	10	growth	growth	NOUN
fbem-28715	310	11	rate	rate	NOUN
fbem-28715	310	12	,	,	PUNCT
fbem-28715	310	13	showed	show	VERB
fbem-28715	310	14	at	at	ADP
fbem-28715	310	15	least	least	ADJ
fbem-28715	310	16	one	one	NUM
fbem-28715	310	17	significant	significant	ADJ
fbem-28715	310	18	relationship	relationship	NOUN
fbem-28715	310	19	with	with	ADP
fbem-28715	310	20	either	either	PRON
fbem-28715	310	21	earnings	earning	NOUN
fbem-28715	310	22	volatility	volatility	NOUN
fbem-28715	310	23	or	or	CCONJ
fbem-28715	310	24	financial	financial	ADJ
fbem-28715	310	25	constraints	constraint	NOUN
fbem-28715	310	26	,	,	PUNCT
fbem-28715	310	27	contrary	contrary	ADJ
fbem-28715	310	28	to	to	ADP
fbem-28715	310	29	prior	prior	ADJ
fbem-28715	310	30	studies	study	NOUN
fbem-28715	310	31	[	[	X
fbem-28715	310	32	14	14	NUM
fbem-28715	310	33	,	,	PUNCT
fbem-28715	310	34	59	59	NUM
fbem-28715	310	35	]	]	PUNCT
fbem-28715	310	36	.	.	PUNCT
fbem-28715	311	1	7	7	X
fbem-28715	311	2	.	.	X
fbem-28715	311	3	implications	implication	NOUN
fbem-28715	311	4	,	,	PUNCT
fbem-28715	311	5	limitations	limitation	NOUN
fbem-28715	311	6	and	and	CCONJ
fbem-28715	311	7	direction	direction	NOUN
fbem-28715	311	8	of	of	ADP
fbem-28715	311	9	future	future	ADJ
fbem-28715	311	10	research	research	NOUN
fbem-28715	311	11	the	the	DET
fbem-28715	311	12	study	study	NOUN
fbem-28715	311	13	on	on	ADP
fbem-28715	311	14	the	the	DET
fbem-28715	311	15	influence	influence	NOUN
fbem-28715	311	16	of	of	ADP
fbem-28715	311	17	esg	esg	PROPN
fbem-28715	311	18	on	on	ADP
fbem-28715	311	19	earnings	earning	NOUN
fbem-28715	311	20	volatility	volatility	NOUN
fbem-28715	311	21	has	have	VERB
fbem-28715	311	22	significant	significant	ADJ
fbem-28715	311	23	implications	implication	NOUN
fbem-28715	311	24	.	.	PUNCT
fbem-28715	312	1	to	to	PART
fbem-28715	312	2	begin	begin	VERB
fbem-28715	312	3	with	with	ADP
fbem-28715	312	4	,	,	PUNCT
fbem-28715	312	5	the	the	DET
fbem-28715	312	6	findings	finding	NOUN
fbem-28715	312	7	encourage	encourage	VERB
fbem-28715	312	8	managers	manager	NOUN
fbem-28715	312	9	to	to	PART
fbem-28715	312	10	invest	invest	VERB
fbem-28715	312	11	in	in	ADP
fbem-28715	312	12	esg	esg	PROPN
fbem-28715	312	13	practices	practice	NOUN
fbem-28715	312	14	to	to	PART
fbem-28715	312	15	achieve	achieve	VERB
fbem-28715	312	16	favorable	favorable	ADJ
fbem-28715	312	17	earnings	earning	NOUN
fbem-28715	312	18	volatility	volatility	NOUN
fbem-28715	312	19	.	.	PUNCT
fbem-28715	313	1	sufficient	sufficient	ADJ
fbem-28715	313	2	resources	resource	NOUN
fbem-28715	313	3	need	need	VERB
fbem-28715	313	4	to	to	PART
fbem-28715	313	5	be	be	AUX
fbem-28715	313	6	mobilized	mobilize	VERB
fbem-28715	313	7	to	to	PART
fbem-28715	313	8	align	align	VERB
fbem-28715	313	9	with	with	ADP
fbem-28715	313	10	the	the	DET
fbem-28715	313	11	requirements	requirement	NOUN
fbem-28715	313	12	of	of	ADP
fbem-28715	313	13	esg	esg	PROPN
fbem-28715	313	14	practices	practice	NOUN
fbem-28715	313	15	,	,	PUNCT
fbem-28715	313	16	attracting	attract	VERB
fbem-28715	313	17	investors	investor	NOUN
fbem-28715	313	18	and	and	CCONJ
fbem-28715	313	19	building	build	VERB
fbem-28715	313	20	good	good	ADJ
fbem-28715	313	21	relationships	relationship	NOUN
fbem-28715	313	22	with	with	ADP
fbem-28715	313	23	creditors	creditor	NOUN
fbem-28715	313	24	and	and	CCONJ
fbem-28715	313	25	other	other	ADJ
fbem-28715	313	26	stakeholders	stakeholder	NOUN
fbem-28715	314	1	[	[	X
fbem-28715	314	2	75	75	NUM
fbem-28715	314	3	,	,	PUNCT
fbem-28715	314	4	76	76	NUM
fbem-28715	314	5	]	]	PUNCT
fbem-28715	314	6	.	.	PUNCT
fbem-28715	315	1	moreover	moreover	ADV
fbem-28715	315	2	,	,	PUNCT
fbem-28715	315	3	the	the	DET
fbem-28715	315	4	study	study	NOUN
fbem-28715	315	5	also	also	ADV
fbem-28715	315	6	encourages	encourage	VERB
fbem-28715	315	7	investors	investor	NOUN
fbem-28715	315	8	to	to	PART
fbem-28715	315	9	integrate	integrate	VERB
fbem-28715	315	10	esg	esg	NOUN
fbem-28715	315	11	factors	factor	NOUN
fbem-28715	315	12	into	into	ADP
fbem-28715	315	13	investment	investment	NOUN
fbem-28715	315	14	analyses	analysis	NOUN
fbem-28715	315	15	to	to	PART
fbem-28715	315	16	make	make	VERB
fbem-28715	315	17	informed	informed	ADJ
fbem-28715	315	18	decisions	decision	NOUN
fbem-28715	315	19	and	and	CCONJ
fbem-28715	315	20	avoid	avoid	VERB
fbem-28715	315	21	risks	risk	NOUN
fbem-28715	315	22	.	.	PUNCT
fbem-28715	316	1	additionally	additionally	ADV
fbem-28715	316	2	,	,	PUNCT
fbem-28715	316	3	the	the	DET
fbem-28715	316	4	research	research	NOUN
fbem-28715	316	5	provides	provide	VERB
fbem-28715	316	6	evidence	evidence	NOUN
fbem-28715	316	7	for	for	SCONJ
fbem-28715	316	8	policymakers	policymaker	NOUN
fbem-28715	316	9	to	to	PART
fbem-28715	316	10	continue	continue	VERB
fbem-28715	316	11	developing	develop	VERB
fbem-28715	316	12	policies	policy	NOUN
fbem-28715	316	13	that	that	PRON
fbem-28715	316	14	support	support	VERB
fbem-28715	316	15	esg	esg	NOUN
fbem-28715	316	16	practices	practice	NOUN
fbem-28715	316	17	for	for	ADP
fbem-28715	316	18	the	the	DET
fbem-28715	316	19	benefit	benefit	NOUN
fbem-28715	316	20	of	of	ADP
fbem-28715	316	21	corporations	corporation	NOUN
fbem-28715	316	22	,	,	PUNCT
fbem-28715	316	23	the	the	DET
fbem-28715	316	24	environment	environment	NOUN
fbem-28715	316	25	,	,	PUNCT
fbem-28715	316	26	and	and	CCONJ
fbem-28715	316	27	the	the	DET
fbem-28715	316	28	societies	society	NOUN
fbem-28715	316	29	in	in	ADP
fbem-28715	316	30	which	which	PRON
fbem-28715	316	31	they	they	PRON
fbem-28715	316	32	operate	operate	VERB
fbem-28715	316	33	[	[	X
fbem-28715	316	34	3	3	NUM
fbem-28715	316	35	,	,	PUNCT
fbem-28715	316	36	74	74	NUM
fbem-28715	316	37	]	]	PUNCT
fbem-28715	316	38	.	.	PUNCT
fbem-28715	317	1	this	this	DET
fbem-28715	317	2	study	study	NOUN
fbem-28715	317	3	has	have	VERB
fbem-28715	317	4	some	some	DET
fbem-28715	317	5	limitations	limitation	NOUN
fbem-28715	317	6	,	,	PUNCT
fbem-28715	317	7	presenting	present	VERB
fbem-28715	317	8	opportunities	opportunity	NOUN
fbem-28715	317	9	for	for	ADP
fbem-28715	317	10	future	future	ADJ
fbem-28715	317	11	research	research	NOUN
fbem-28715	317	12	.	.	PUNCT
fbem-28715	318	1	first	first	ADV
fbem-28715	318	2	,	,	PUNCT
fbem-28715	318	3	the	the	DET
fbem-28715	318	4	study	study	NOUN
fbem-28715	318	5	focuses	focus	VERB
fbem-28715	318	6	solely	solely	ADV
fbem-28715	318	7	on	on	ADP
fbem-28715	318	8	chinese	chinese	ADJ
fbem-28715	318	9	manufacturing	manufacturing	NOUN
fbem-28715	318	10	listed	list	VERB
fbem-28715	318	11	companies	company	NOUN
fbem-28715	318	12	.	.	PUNCT
fbem-28715	319	1	future	future	ADJ
fbem-28715	319	2	studies	study	NOUN
fbem-28715	319	3	could	could	AUX
fbem-28715	319	4	examine	examine	VERB
fbem-28715	319	5	the	the	DET
fbem-28715	319	6	effect	effect	NOUN
fbem-28715	319	7	of	of	ADP
fbem-28715	319	8	esg	esg	PROPN
fbem-28715	319	9	on	on	ADP
fbem-28715	319	10	the	the	DET
fbem-28715	319	11	earnings	earning	NOUN
fbem-28715	319	12	volatility	volatility	NOUN
fbem-28715	319	13	of	of	ADP
fbem-28715	319	14	chinese	chinese	ADJ
fbem-28715	319	15	companies	company	NOUN
fbem-28715	319	16	in	in	ADP
fbem-28715	319	17	other	other	ADJ
fbem-28715	319	18	industries	industry	NOUN
fbem-28715	319	19	and	and	CCONJ
fbem-28715	319	20	overseas	overseas	ADV
fbem-28715	319	21	.	.	PUNCT
fbem-28715	320	1	second	second	ADV
fbem-28715	320	2	,	,	PUNCT
fbem-28715	320	3	the	the	DET
fbem-28715	320	4	study	study	NOUN
fbem-28715	320	5	incorporated	incorporate	VERB
fbem-28715	320	6	only	only	ADV
fbem-28715	320	7	financial	financial	ADJ
fbem-28715	320	8	constraints	constraint	NOUN
fbem-28715	320	9	as	as	ADP
fbem-28715	320	10	a	a	DET
fbem-28715	320	11	mediator	mediator	NOUN
fbem-28715	320	12	and	and	CCONJ
fbem-28715	320	13	supply	supply	NOUN
fbem-28715	320	14	chain	chain	NOUN
fbem-28715	320	15	concentration	concentration	NOUN
fbem-28715	320	16	as	as	ADP
fbem-28715	320	17	a	a	DET
fbem-28715	320	18	moderator	moderator	NOUN
fbem-28715	320	19	.	.	PUNCT
fbem-28715	321	1	future	future	ADJ
fbem-28715	321	2	research	research	NOUN
fbem-28715	321	3	could	could	AUX
fbem-28715	321	4	explore	explore	VERB
fbem-28715	321	5	other	other	ADJ
fbem-28715	321	6	mediators	mediator	NOUN
fbem-28715	321	7	,	,	PUNCT
fbem-28715	321	8	such	such	ADJ
fbem-28715	321	9	as	as	ADP
fbem-28715	321	10	firm	firm	ADJ
fbem-28715	321	11	reputation	reputation	NOUN
fbem-28715	321	12	and	and	CCONJ
fbem-28715	321	13	operational	operational	ADJ
fbem-28715	321	14	efficiency	efficiency	NOUN
fbem-28715	321	15	,	,	PUNCT
fbem-28715	321	16	and	and	CCONJ
fbem-28715	321	17	moderators	moderator	NOUN
fbem-28715	321	18	,	,	PUNCT
fbem-28715	321	19	such	such	ADJ
fbem-28715	321	20	as	as	ADP
fbem-28715	321	21	industry	industry	NOUN
fbem-28715	321	22	type	type	NOUN
fbem-28715	321	23	and	and	CCONJ
fbem-28715	321	24	institutional	institutional	ADJ
fbem-28715	321	25	environment	environment	NOUN
fbem-28715	321	26	.	.	PUNCT
fbem-28715	322	1	third	third	ADJ
fbem-28715	322	2	,	,	PUNCT
fbem-28715	322	3	this	this	DET
fbem-28715	322	4	research	research	NOUN
fbem-28715	322	5	used	use	VERB
fbem-28715	322	6	a	a	DET
fbem-28715	322	7	combined	combine	VERB
fbem-28715	322	8	esg	esg	NOUN
fbem-28715	322	9	score	score	NOUN
fbem-28715	322	10	to	to	PART
fbem-28715	322	11	measure	measure	VERB
fbem-28715	322	12	the	the	DET
fbem-28715	322	13	impact	impact	NOUN
fbem-28715	322	14	of	of	ADP
fbem-28715	322	15	esg	esg	PROPN
fbem-28715	322	16	performance	performance	NOUN
fbem-28715	322	17	on	on	ADP
fbem-28715	322	18	earnings	earning	NOUN
fbem-28715	322	19	volatility	volatility	NOUN
fbem-28715	322	20	.	.	PUNCT
fbem-28715	323	1	future	future	ADJ
fbem-28715	323	2	studies	study	NOUN
fbem-28715	323	3	could	could	AUX
fbem-28715	323	4	investigate	investigate	VERB
fbem-28715	323	5	the	the	DET
fbem-28715	323	6	effects	effect	NOUN
fbem-28715	323	7	of	of	ADP
fbem-28715	323	8	individual	individual	ADJ
fbem-28715	323	9	esg	esg	PROPN
fbem-28715	323	10	dimensions	dimension	NOUN
fbem-28715	323	11	(	(	PUNCT
fbem-28715	323	12	i.e.	i.e.	X
fbem-28715	323	13	,	,	PUNCT
fbem-28715	323	14	environmental	environmental	ADJ
fbem-28715	323	15	,	,	PUNCT
fbem-28715	323	16	social	social	ADJ
fbem-28715	323	17	,	,	PUNCT
fbem-28715	323	18	and	and	CCONJ
fbem-28715	323	19	corporate	corporate	ADJ
fbem-28715	323	20	governance	governance	NOUN
fbem-28715	323	21	)	)	PUNCT
fbem-28715	323	22	on	on	ADP
fbem-28715	323	23	earnings	earning	NOUN
fbem-28715	323	24	volatility	volatility	NOUN
fbem-28715	323	25	.	.	PUNCT
fbem-28715	324	1	lastly	lastly	ADV
fbem-28715	324	2	,	,	PUNCT
fbem-28715	324	3	this	this	DET
fbem-28715	324	4	study	study	NOUN
fbem-28715	324	5	used	use	VERB
fbem-28715	324	6	combined	combined	ADJ
fbem-28715	324	7	supply	supply	NOUN
fbem-28715	324	8	chain	chain	NOUN
fbem-28715	324	9	concentration	concentration	NOUN
fbem-28715	324	10	as	as	ADP
fbem-28715	324	11	the	the	DET
fbem-28715	324	12	moderator	moderator	NOUN
fbem-28715	324	13	.	.	PUNCT
fbem-28715	325	1	future	future	ADJ
fbem-28715	325	2	research	research	NOUN
fbem-28715	325	3	could	could	AUX
fbem-28715	325	4	analyze	analyze	VERB
fbem-28715	325	5	individual	individual	ADJ
fbem-28715	325	6	dimensions	dimension	NOUN
fbem-28715	325	7	of	of	ADP
fbem-28715	325	8	supply	supply	NOUN
fbem-28715	325	9	chain	chain	NOUN
fbem-28715	325	10	concentration	concentration	NOUN
fbem-28715	325	11	,	,	PUNCT
fbem-28715	325	12	such	such	ADJ
fbem-28715	325	13	as	as	ADP
fbem-28715	325	14	supply	supply	NOUN
fbem-28715	325	15	concentration	concentration	NOUN
fbem-28715	325	16	and	and	CCONJ
fbem-28715	325	17	customer	customer	NOUN
fbem-28715	325	18	concentration	concentration	NOUN
fbem-28715	325	19	.	.	PUNCT
fbem-28715	326	1	references	reference	NOUN
fbem-28715	326	2	[	[	X
fbem-28715	326	3	1	1	X
fbem-28715	326	4	]	]	X
fbem-28715	326	5	huang	huang	PROPN
fbem-28715	326	6	q	q	PROPN
fbem-28715	326	7	,	,	PUNCT
fbem-28715	326	8	li	li	PROPN
fbem-28715	326	9	y	y	PROPN
fbem-28715	326	10	,	,	PUNCT
fbem-28715	326	11	lin	lin	PROPN
fbem-28715	326	12	m	m	PROPN
fbem-28715	326	13	,	,	PUNCT
fbem-28715	326	14	mcbrayer	mcbrayer	PROPN
fbem-28715	326	15	ga	ga	PROPN
fbem-28715	326	16	.	.	PROPN
fbem-28715	326	17	natural	natural	ADJ
fbem-28715	326	18	disasters	disaster	NOUN
fbem-28715	326	19	,	,	PUNCT
fbem-28715	326	20	risk	risk	NOUN
fbem-28715	326	21	salience	salience	NOUN
fbem-28715	326	22	,	,	PUNCT
fbem-28715	326	23	and	and	CCONJ
fbem-28715	326	24	corporate	corporate	ADJ
fbem-28715	326	25	esg	esg	PROPN
fbem-28715	326	26	disclosure	disclosure	NOUN
fbem-28715	326	27	.	.	PUNCT
fbem-28715	327	1	journal	journal	NOUN
fbem-28715	327	2	of	of	ADP
fbem-28715	327	3	corporate	corporate	ADJ
fbem-28715	327	4	finance	finance	NOUN
fbem-28715	327	5	.	.	PUNCT
fbem-28715	328	1	2022	2022	NUM
fbem-28715	328	2	;	;	PUNCT
fbem-28715	328	3	72:102152	72:102152	NUM
fbem-28715	328	4	.	.	PUNCT
fbem-28715	329	1	[	[	X
fbem-28715	329	2	2	2	NUM
fbem-28715	329	3	]	]	PUNCT
fbem-28715	329	4	xie	xie	PROPN
fbem-28715	329	5	j	j	PROPN
fbem-28715	329	6	,	,	PUNCT
fbem-28715	329	7	nozawa	nozawa	PROPN
fbem-28715	329	8	w	w	PROPN
fbem-28715	329	9	,	,	PUNCT
fbem-28715	329	10	yagi	yagi	PROPN
fbem-28715	329	11	m	m	PROPN
fbem-28715	329	12	,	,	PUNCT
fbem-28715	329	13	fujii	fujii	PROPN
fbem-28715	329	14	h	h	PROPN
fbem-28715	329	15	,	,	PUNCT
fbem-28715	329	16	managi	managi	PROPN
fbem-28715	329	17	s.	s.	PROPN
fbem-28715	329	18	do	do	AUX
fbem-28715	329	19	environmental	environmental	ADJ
fbem-28715	329	20	,	,	PUNCT
fbem-28715	329	21	social	social	ADJ
fbem-28715	329	22	,	,	PUNCT
fbem-28715	329	23	and	and	CCONJ
fbem-28715	329	24	governance	governance	NOUN
fbem-28715	329	25	activities	activity	NOUN
fbem-28715	329	26	improve	improve	VERB
fbem-28715	329	27	corporate	corporate	ADJ
fbem-28715	329	28	financial	financial	ADJ
fbem-28715	329	29	performance	performance	NOUN
fbem-28715	329	30	?	?	PUNCT
fbem-28715	330	1	business	business	NOUN
fbem-28715	330	2	strategy	strategy	NOUN
fbem-28715	330	3	and	and	CCONJ
fbem-28715	330	4	the	the	DET
fbem-28715	330	5	environment	environment	NOUN
fbem-28715	330	6	.	.	PUNCT
fbem-28715	331	1	2019	2019	NUM
fbem-28715	331	2	;	;	PUNCT
fbem-28715	331	3	28(2):286	28(2):286	NUM
fbem-28715	331	4	-	-	SYM
fbem-28715	331	5	300	300	NUM
fbem-28715	331	6	.	.	PUNCT
fbem-28715	332	1	[	[	X
fbem-28715	332	2	3	3	X
fbem-28715	332	3	]	]	X
fbem-28715	332	4	aydoğmuş	aydoğmuş	PROPN
fbem-28715	332	5	m	m	PROPN
fbem-28715	332	6	,	,	PUNCT
fbem-28715	332	7	gülay	gülay	VERB
fbem-28715	332	8	g	g	NOUN
fbem-28715	332	9	,	,	PUNCT
fbem-28715	332	10	ergun	ergun	NOUN
fbem-28715	332	11	k.	k.	PROPN
fbem-28715	332	12	impact	impact	NOUN
fbem-28715	332	13	of	of	ADP
fbem-28715	332	14	esg	esg	PROPN
fbem-28715	332	15	performance	performance	NOUN
fbem-28715	332	16	on	on	ADP
fbem-28715	332	17	firm	firm	ADJ
fbem-28715	332	18	value	value	NOUN
fbem-28715	332	19	and	and	CCONJ
fbem-28715	332	20	profitability	profitability	NOUN
fbem-28715	332	21	.	.	PUNCT
fbem-28715	333	1	borsa	borsa	PROPN
fbem-28715	333	2	istanbul	istanbul	PROPN
fbem-28715	333	3	review	review	PROPN
fbem-28715	333	4	.	.	PUNCT
fbem-28715	334	1	2022	2022	NUM
fbem-28715	334	2	.	.	PUNCT
fbem-28715	335	1	485	485	NUM
fbem-28715	336	1	[	[	SYM
fbem-28715	336	2	4	4	NUM
fbem-28715	336	3	]	]	PUNCT
fbem-28715	336	4	raimo	raimo	NOUN
fbem-28715	336	5	n	n	CCONJ
fbem-28715	336	6	,	,	PUNCT
fbem-28715	336	7	caragnano	caragnano	VERB
fbem-28715	336	8	a	a	PRON
fbem-28715	336	9	,	,	PUNCT
fbem-28715	336	10	zito	zito	PROPN
fbem-28715	336	11	m	m	PROPN
fbem-28715	336	12	,	,	PUNCT
fbem-28715	336	13	vitolla	vitolla	PROPN
fbem-28715	336	14	f	f	PROPN
fbem-28715	336	15	,	,	PUNCT
fbem-28715	336	16	mariani	mariani	ADJ
fbem-28715	336	17	m.	m.	NOUN
fbem-28715	336	18	extending	extend	VERB
fbem-28715	336	19	the	the	DET
fbem-28715	336	20	benefits	benefit	NOUN
fbem-28715	336	21	of	of	ADP
fbem-28715	336	22	esg	esg	PROPN
fbem-28715	336	23	disclosure	disclosure	NOUN
fbem-28715	336	24	:	:	PUNCT
fbem-28715	336	25	the	the	DET
fbem-28715	336	26	effect	effect	NOUN
fbem-28715	336	27	on	on	ADP
fbem-28715	336	28	the	the	DET
fbem-28715	336	29	cost	cost	NOUN
fbem-28715	336	30	of	of	ADP
fbem-28715	336	31	debt	debt	NOUN
fbem-28715	336	32	financing	financing	NOUN
fbem-28715	336	33	.	.	PUNCT
fbem-28715	337	1	corporate	corporate	ADJ
fbem-28715	337	2	social	social	ADJ
fbem-28715	337	3	responsibility	responsibility	NOUN
fbem-28715	337	4	and	and	CCONJ
fbem-28715	337	5	environmental	environmental	ADJ
fbem-28715	337	6	management	management	NOUN
fbem-28715	337	7	.	.	PUNCT
fbem-28715	337	8	2021	2021	NUM
fbem-28715	337	9	;	;	PUNCT
fbem-28715	337	10	28(4):1412	28(4):1412	X
fbem-28715	337	11	-	-	SYM
fbem-28715	337	12	21	21	NUM
fbem-28715	337	13	.	.	PUNCT
fbem-28715	338	1	[	[	X
fbem-28715	338	2	5	5	NUM
fbem-28715	338	3	]	]	PUNCT
fbem-28715	338	4	cunha	cunha	NOUN
fbem-28715	338	5	fafds	fafds	PROPN
fbem-28715	338	6	,	,	PUNCT
fbem-28715	338	7	de	de	PROPN
fbem-28715	338	8	oliveira	oliveira	PROPN
fbem-28715	338	9	em	em	PRON
fbem-28715	338	10	,	,	PUNCT
fbem-28715	338	11	orsato	orsato	PROPN
fbem-28715	338	12	rj	rj	PROPN
fbem-28715	338	13	,	,	PUNCT
fbem-28715	338	14	klotzle	klotzle	PROPN
fbem-28715	338	15	mc	mc	PROPN
fbem-28715	338	16	,	,	PUNCT
fbem-28715	338	17	cyrino	cyrino	PROPN
fbem-28715	338	18	oliveira	oliveira	PROPN
fbem-28715	338	19	fl	fl	PROPN
fbem-28715	338	20	,	,	PUNCT
fbem-28715	338	21	caiado	caiado	PROPN
fbem-28715	338	22	rgg	rgg	PROPN
fbem-28715	338	23	.	.	PUNCT
fbem-28715	339	1	can	can	AUX
fbem-28715	339	2	sustainable	sustainable	VERB
fbem-28715	339	3	investments	investment	NOUN
fbem-28715	339	4	outperform	outperform	VERB
fbem-28715	339	5	traditional	traditional	ADJ
fbem-28715	339	6	benchmarks	benchmark	NOUN
fbem-28715	339	7	?	?	PUNCT
fbem-28715	340	1	evidence	evidence	NOUN
fbem-28715	340	2	from	from	ADP
fbem-28715	340	3	global	global	ADJ
fbem-28715	340	4	stock	stock	NOUN
fbem-28715	340	5	markets	market	NOUN
fbem-28715	340	6	.	.	PUNCT
fbem-28715	341	1	business	business	NOUN
fbem-28715	341	2	strategy	strategy	NOUN
fbem-28715	341	3	and	and	CCONJ
fbem-28715	341	4	the	the	DET
fbem-28715	341	5	environment	environment	NOUN
fbem-28715	341	6	.	.	PUNCT
fbem-28715	342	1	2020	2020	NUM
fbem-28715	342	2	;	;	PUNCT
fbem-28715	342	3	29(2):682	29(2):682	X
fbem-28715	342	4	-	-	SYM
fbem-28715	342	5	97	97	NUM
fbem-28715	342	6	.	.	PUNCT
fbem-28715	343	1	[	[	X
fbem-28715	343	2	6	6	NUM
fbem-28715	343	3	]	]	X
fbem-28715	343	4	lee	lee	PROPN
fbem-28715	343	5	hj	hj	PROPN
fbem-28715	343	6	,	,	PUNCT
fbem-28715	343	7	rhee	rhee	PROPN
fbem-28715	343	8	t	t	PROPN
fbem-28715	343	9	-	-	PUNCT
fbem-28715	343	10	h.	h.	PROPN
fbem-28715	343	11	how	how	SCONJ
fbem-28715	343	12	does	do	AUX
fbem-28715	343	13	corporate	corporate	ADJ
fbem-28715	343	14	esg	esg	PROPN
fbem-28715	343	15	management	management	NOUN
fbem-28715	343	16	affect	affect	VERB
fbem-28715	343	17	consumers	consumer	NOUN
fbem-28715	343	18	’	'	PUNCT
fbem-28715	343	19	brand	brand	NOUN
fbem-28715	343	20	choice	choice	NOUN
fbem-28715	343	21	?	?	PUNCT
fbem-28715	344	1	sustainability	sustainability	NOUN
fbem-28715	344	2	.	.	PUNCT
fbem-28715	345	1	2023	2023	NUM
fbem-28715	345	2	;	;	PUNCT
fbem-28715	346	1	15(8):6795	15(8):6795	NUM
fbem-28715	346	2	.	.	PUNCT
fbem-28715	347	1	[	[	X
fbem-28715	347	2	7	7	NUM
fbem-28715	347	3	]	]	PUNCT
fbem-28715	347	4	singhania	singhania	PROPN
fbem-28715	347	5	m	m	PROPN
fbem-28715	347	6	,	,	PUNCT
fbem-28715	347	7	saini	saini	PROPN
fbem-28715	347	8	n.	n.	PROPN
fbem-28715	347	9	institutional	institutional	ADJ
fbem-28715	347	10	framework	framework	NOUN
fbem-28715	347	11	of	of	ADP
fbem-28715	347	12	esg	esg	PROPN
fbem-28715	347	13	disclosures	disclosure	NOUN
fbem-28715	347	14	:	:	PUNCT
fbem-28715	347	15	comparative	comparative	ADJ
fbem-28715	347	16	analysis	analysis	NOUN
fbem-28715	347	17	of	of	ADP
fbem-28715	347	18	developed	developed	ADJ
fbem-28715	347	19	and	and	CCONJ
fbem-28715	347	20	developing	develop	VERB
fbem-28715	347	21	countries	country	NOUN
fbem-28715	347	22	.	.	PUNCT
fbem-28715	348	1	journal	journal	NOUN
fbem-28715	348	2	of	of	ADP
fbem-28715	348	3	sustainable	sustainable	ADJ
fbem-28715	348	4	finance	finance	NOUN
fbem-28715	348	5	&	&	CCONJ
fbem-28715	348	6	investment	investment	NOUN
fbem-28715	348	7	.	.	PUNCT
fbem-28715	349	1	2023	2023	NUM
fbem-28715	349	2	;	;	PUNCT
fbem-28715	349	3	13(1):516	13(1):516	NUM
fbem-28715	349	4	-	-	SYM
fbem-28715	349	5	59	59	NUM
fbem-28715	349	6	.	.	PUNCT
fbem-28715	350	1	[	[	X
fbem-28715	350	2	8	8	NUM
fbem-28715	350	3	]	]	PUNCT
fbem-28715	350	4	eurosif	eurosif	NOUN
fbem-28715	350	5	.	.	PUNCT
fbem-28715	351	1	“	"	PUNCT
fbem-28715	351	2	european	european	ADJ
fbem-28715	351	3	sri	sri	PROPN
fbem-28715	351	4	study	study	PROPN
fbem-28715	351	5	”	"	PUNCT
fbem-28715	351	6	.	.	PUNCT
fbem-28715	352	1	available	available	ADJ
fbem-28715	352	2	at	at	ADP
fbem-28715	352	3	:	:	PUNCT
fbem-28715	352	4	wwweurosiforg	wwweurosiforg	ADJ
fbem-28715	352	5	/	/	SYM
fbem-28715	352	6	news	news	NOUN
fbem-28715	352	7	/	/	SYM
fbem-28715	352	8	eurosif-2018	eurosif-2018	NOUN
fbem-28715	352	9	-	-	PUNCT
fbem-28715	352	10	sri	sri	ADJ
fbem-28715	352	11	-	-	PUNCT
fbem-28715	352	12	study	study	NOUN
fbem-28715	352	13	-	-	PUNCT
fbem-28715	352	14	is	be	AUX
fbem-28715	352	15	-	-	PUNCT
fbem-28715	352	16	out/	out/	VERB
fbem-28715	352	17	(	(	PUNCT
fbem-28715	352	18	accessed	access	VERB
fbem-28715	352	19	10	10	NUM
fbem-28715	352	20	october	october	NOUN
fbem-28715	352	21	2022	2022	NUM
fbem-28715	352	22	)	)	PUNCT
fbem-28715	352	23	.	.	PUNCT
fbem-28715	353	1	2018	2018	NUM
fbem-28715	353	2	.	.	PUNCT
fbem-28715	354	1	[	[	X
fbem-28715	354	2	9	9	NUM
fbem-28715	354	3	]	]	X
fbem-28715	354	4	rezaee	rezaee	PROPN
fbem-28715	354	5	z	z	PROPN
fbem-28715	354	6	,	,	PUNCT
fbem-28715	354	7	tuo	tuo	PROPN
fbem-28715	354	8	l.	l.	NOUN
fbem-28715	354	9	are	be	AUX
fbem-28715	354	10	the	the	DET
fbem-28715	354	11	quantity	quantity	NOUN
fbem-28715	354	12	and	and	CCONJ
fbem-28715	354	13	quality	quality	NOUN
fbem-28715	354	14	of	of	ADP
fbem-28715	354	15	sustainability	sustainability	NOUN
fbem-28715	354	16	disclosures	disclosure	NOUN
fbem-28715	354	17	associated	associate	VERB
fbem-28715	354	18	with	with	ADP
fbem-28715	354	19	the	the	DET
fbem-28715	354	20	innate	innate	ADJ
fbem-28715	354	21	and	and	CCONJ
fbem-28715	354	22	discretionary	discretionary	ADJ
fbem-28715	354	23	earnings	earning	NOUN
fbem-28715	354	24	quality	quality	NOUN
fbem-28715	354	25	?	?	PUNCT
fbem-28715	355	1	journal	journal	NOUN
fbem-28715	355	2	of	of	ADP
fbem-28715	355	3	business	business	NOUN
fbem-28715	355	4	ethics	ethic	NOUN
fbem-28715	355	5	.	.	PUNCT
fbem-28715	356	1	2019	2019	NUM
fbem-28715	356	2	;	;	PUNCT
fbem-28715	356	3	155:763	155:763	NUM
fbem-28715	356	4	-	-	SYM
fbem-28715	356	5	86	86	NUM
fbem-28715	356	6	.	.	PUNCT
fbem-28715	357	1	[	[	X
fbem-28715	357	2	10	10	NUM
fbem-28715	357	3	]	]	X
fbem-28715	357	4	wu	wu	PROPN
fbem-28715	357	5	m	m	PROPN
fbem-28715	357	6	,	,	PUNCT
fbem-28715	357	7	abeysekera	abeysekera	PROPN
fbem-28715	357	8	i.	i.	PROPN
fbem-28715	357	9	financial	financial	PROPN
fbem-28715	357	10	reporting	report	VERB
fbem-28715	357	11	quality	quality	NOUN
fbem-28715	357	12	of	of	ADP
fbem-28715	357	13	esg	esg	PROPN
fbem-28715	357	14	firms	firm	NOUN
fbem-28715	357	15	listed	list	VERB
fbem-28715	357	16	in	in	ADP
fbem-28715	357	17	china	china	PROPN
fbem-28715	357	18	.	.	PUNCT
fbem-28715	358	1	plos	plos	PROPN
fbem-28715	358	2	one	one	NUM
fbem-28715	358	3	.	.	PUNCT
fbem-28715	359	1	2023	2023	NUM
fbem-28715	359	2	;	;	PUNCT
fbem-28715	359	3	18(6	18(6	NUM
fbem-28715	359	4	):	):	PUNCT
fbem-28715	359	5	e0284684	e0284684	NOUN
fbem-28715	359	6	.	.	PUNCT
fbem-28715	360	1	[	[	X
fbem-28715	360	2	11	11	NUM
fbem-28715	360	3	]	]	X
fbem-28715	360	4	wu	wu	PROPN
fbem-28715	360	5	s	s	PROPN
fbem-28715	360	6	,	,	PUNCT
fbem-28715	360	7	li	li	PROPN
fbem-28715	360	8	x	x	PROPN
fbem-28715	360	9	,	,	PUNCT
fbem-28715	360	10	du	du	PROPN
fbem-28715	360	11	x	x	PROPN
fbem-28715	360	12	,	,	PUNCT
fbem-28715	360	13	li	li	PROPN
fbem-28715	360	14	z.	z.	PROPN
fbem-28715	361	1	the	the	DET
fbem-28715	361	2	impact	impact	NOUN
fbem-28715	361	3	of	of	ADP
fbem-28715	361	4	esg	esg	PROPN
fbem-28715	361	5	performance	performance	NOUN
fbem-28715	361	6	on	on	ADP
fbem-28715	361	7	firm	firm	ADJ
fbem-28715	361	8	value	value	NOUN
fbem-28715	361	9	:	:	PUNCT
fbem-28715	361	10	the	the	DET
fbem-28715	361	11	moderating	moderate	VERB
fbem-28715	361	12	role	role	NOUN
fbem-28715	361	13	of	of	ADP
fbem-28715	361	14	ownership	ownership	NOUN
fbem-28715	361	15	structure	structure	NOUN
fbem-28715	361	16	.	.	PUNCT
fbem-28715	362	1	sustainability	sustainability	NOUN
fbem-28715	362	2	.	.	PUNCT
fbem-28715	363	1	2022	2022	NUM
fbem-28715	363	2	;	;	PUNCT
fbem-28715	364	1	14(21):14507	14(21):14507	X
fbem-28715	364	2	.	.	PUNCT
fbem-28715	365	1	[	[	X
fbem-28715	365	2	12	12	NUM
fbem-28715	365	3	]	]	X
fbem-28715	365	4	de	de	PROPN
fbem-28715	365	5	silva	silva	PROPN
fbem-28715	365	6	lokuwaduge	lokuwaduge	PROPN
fbem-28715	365	7	cs	cs	PROPN
fbem-28715	365	8	,	,	PUNCT
fbem-28715	365	9	de	de	PROPN
fbem-28715	365	10	silva	silva	PROPN
fbem-28715	365	11	k.	k.	PROPN
fbem-28715	365	12	emerging	emerge	VERB
fbem-28715	365	13	corporate	corporate	ADJ
fbem-28715	365	14	disclosure	disclosure	NOUN
fbem-28715	365	15	of	of	ADP
fbem-28715	365	16	environmental	environmental	ADJ
fbem-28715	365	17	social	social	ADJ
fbem-28715	365	18	and	and	CCONJ
fbem-28715	365	19	governance	governance	NOUN
fbem-28715	365	20	(	(	PUNCT
fbem-28715	365	21	esg	esg	NOUN
fbem-28715	365	22	)	)	PUNCT
fbem-28715	365	23	risks	risk	NOUN
fbem-28715	365	24	:	:	PUNCT
fbem-28715	365	25	an	an	DET
fbem-28715	365	26	australian	australian	ADJ
fbem-28715	365	27	study	study	NOUN
fbem-28715	365	28	.	.	PUNCT
fbem-28715	366	1	australasian	australasian	ADJ
fbem-28715	366	2	accounting	accounting	NOUN
fbem-28715	366	3	,	,	PUNCT
fbem-28715	366	4	business	business	NOUN
fbem-28715	366	5	and	and	CCONJ
fbem-28715	366	6	finance	finance	NOUN
fbem-28715	366	7	journal	journal	NOUN
fbem-28715	366	8	.	.	PUNCT
fbem-28715	367	1	2020	2020	NUM
fbem-28715	367	2	;	;	PUNCT
fbem-28715	367	3	14(2):35	14(2):35	NUM
fbem-28715	367	4	-	-	SYM
fbem-28715	367	5	50	50	NUM
fbem-28715	367	6	.	.	PUNCT
fbem-28715	368	1	[	[	X
fbem-28715	368	2	13	13	NUM
fbem-28715	368	3	]	]	SYM
fbem-28715	368	4	garcia	garcia	PROPN
fbem-28715	368	5	as	as	ADP
fbem-28715	368	6	,	,	PUNCT
fbem-28715	368	7	mendes	mende	NOUN
fbem-28715	368	8	-	-	PUNCT
fbem-28715	368	9	da	da	ADJ
fbem-28715	368	10	-	-	PUNCT
fbem-28715	368	11	silva	silva	NOUN
fbem-28715	368	12	w	w	PROPN
fbem-28715	368	13	,	,	PUNCT
fbem-28715	368	14	orsato	orsato	PROPN
fbem-28715	368	15	rj	rj	PROPN
fbem-28715	368	16	.	.	PROPN
fbem-28715	369	1	sensitive	sensitive	ADJ
fbem-28715	369	2	industries	industry	NOUN
fbem-28715	369	3	produce	produce	VERB
fbem-28715	369	4	better	well	ADJ
fbem-28715	369	5	esg	esg	NOUN
fbem-28715	369	6	performance	performance	NOUN
fbem-28715	369	7	:	:	PUNCT
fbem-28715	369	8	evidence	evidence	NOUN
fbem-28715	369	9	from	from	ADP
fbem-28715	369	10	emerging	emerge	VERB
fbem-28715	369	11	markets	market	NOUN
fbem-28715	369	12	.	.	PUNCT
fbem-28715	370	1	journal	journal	NOUN
fbem-28715	370	2	of	of	ADP
fbem-28715	370	3	cleaner	clean	ADJ
fbem-28715	370	4	production	production	NOUN
fbem-28715	370	5	.	.	PUNCT
fbem-28715	371	1	2017	2017	NUM
fbem-28715	371	2	;	;	PUNCT
fbem-28715	371	3	150:135	150:135	PROPN
fbem-28715	371	4	-	-	SYM
fbem-28715	371	5	47	47	NUM
fbem-28715	371	6	.	.	PUNCT
fbem-28715	372	1	[	[	X
fbem-28715	372	2	14	14	NUM
fbem-28715	372	3	]	]	PUNCT
fbem-28715	372	4	yu	yu	PROPN
fbem-28715	372	5	x	x	PROPN
fbem-28715	372	6	,	,	PUNCT
fbem-28715	372	7	xiao	xiao	PROPN
fbem-28715	372	8	k.	k.	PROPN
fbem-28715	372	9	does	do	AUX
fbem-28715	372	10	esg	esg	PROPN
fbem-28715	372	11	performance	performance	NOUN
fbem-28715	372	12	affect	affect	VERB
fbem-28715	372	13	firm	firm	ADJ
fbem-28715	372	14	value	value	NOUN
fbem-28715	372	15	?	?	PUNCT
fbem-28715	373	1	evidence	evidence	NOUN
fbem-28715	373	2	from	from	ADP
fbem-28715	373	3	a	a	DET
fbem-28715	373	4	new	new	ADJ
fbem-28715	373	5	esg	esg	NOUN
fbem-28715	373	6	-	-	PUNCT
fbem-28715	373	7	scoring	scoring	NOUN
fbem-28715	373	8	approach	approach	NOUN
fbem-28715	373	9	for	for	ADP
fbem-28715	373	10	chinese	chinese	ADJ
fbem-28715	373	11	enterprises	enterprise	NOUN
fbem-28715	373	12	.	.	PUNCT
fbem-28715	374	1	sustainability	sustainability	NOUN
fbem-28715	374	2	.	.	PUNCT
fbem-28715	375	1	2022	2022	NUM
fbem-28715	375	2	;	;	PUNCT
fbem-28715	375	3	14(24):16940	14(24):16940	NUM
fbem-28715	375	4	.	.	PUNCT
fbem-28715	376	1	[	[	X
fbem-28715	376	2	15	15	NUM
fbem-28715	376	3	]	]	X
fbem-28715	376	4	arouri	arouri	PROPN
fbem-28715	376	5	m	m	PROPN
fbem-28715	376	6	,	,	PUNCT
fbem-28715	376	7	gomes	gomes	PROPN
fbem-28715	376	8	m	m	PROPN
fbem-28715	376	9	,	,	PUNCT
fbem-28715	376	10	pukthuanthong	pukthuanthong	ADJ
fbem-28715	376	11	k.	k.	PROPN
fbem-28715	376	12	corporate	corporate	ADJ
fbem-28715	376	13	social	social	ADJ
fbem-28715	376	14	responsibility	responsibility	NOUN
fbem-28715	376	15	and	and	CCONJ
fbem-28715	376	16	m&a	m&a	PROPN
fbem-28715	376	17	uncertainty	uncertainty	NOUN
fbem-28715	376	18	.	.	PUNCT
fbem-28715	377	1	journal	journal	NOUN
fbem-28715	377	2	of	of	ADP
fbem-28715	377	3	corporate	corporate	ADJ
fbem-28715	377	4	finance	finance	NOUN
fbem-28715	377	5	.	.	PUNCT
fbem-28715	378	1	2019	2019	NUM
fbem-28715	378	2	;	;	PUNCT
fbem-28715	378	3	56:176	56:176	NUM
fbem-28715	378	4	-	-	SYM
fbem-28715	378	5	98	98	NUM
fbem-28715	378	6	.	.	PUNCT
fbem-28715	379	1	[	[	X
fbem-28715	379	2	16	16	NUM
fbem-28715	379	3	]	]	X
fbem-28715	379	4	clément	clément	NOUN
fbem-28715	379	5	a	a	NOUN
fbem-28715	379	6	,	,	PUNCT
fbem-28715	379	7	robinot	robinot	VERB
fbem-28715	379	8	é	é	NOUN
fbem-28715	379	9	,	,	PUNCT
fbem-28715	379	10	trespeuch	trespeuch	ADJ
fbem-28715	379	11	l.	l.	NOUN
fbem-28715	379	12	the	the	DET
fbem-28715	379	13	use	use	NOUN
fbem-28715	379	14	of	of	ADP
fbem-28715	379	15	esg	esg	PROPN
fbem-28715	379	16	scores	score	NOUN
fbem-28715	379	17	in	in	ADP
fbem-28715	379	18	academic	academic	ADJ
fbem-28715	379	19	literature	literature	NOUN
fbem-28715	379	20	:	:	PUNCT
fbem-28715	379	21	a	a	DET
fbem-28715	379	22	systematic	systematic	ADJ
fbem-28715	379	23	literature	literature	PROPN
fbem-28715	379	24	review	review	PROPN
fbem-28715	379	25	.	.	PUNCT
fbem-28715	380	1	journal	journal	NOUN
fbem-28715	380	2	of	of	ADP
fbem-28715	380	3	enterprising	enterprise	VERB
fbem-28715	380	4	communities	community	NOUN
fbem-28715	380	5	:	:	PUNCT
fbem-28715	380	6	people	people	NOUN
fbem-28715	380	7	and	and	CCONJ
fbem-28715	380	8	places	place	NOUN
fbem-28715	380	9	in	in	ADP
fbem-28715	380	10	the	the	DET
fbem-28715	380	11	global	global	ADJ
fbem-28715	380	12	economy	economy	NOUN
fbem-28715	380	13	.	.	PUNCT
fbem-28715	381	1	2023	2023	NUM
fbem-28715	381	2	.	.	PUNCT
fbem-28715	382	1	[	[	X
fbem-28715	382	2	17	17	NUM
fbem-28715	382	3	]	]	X
fbem-28715	382	4	chollet	chollet	NOUN
fbem-28715	382	5	p	p	NOUN
fbem-28715	382	6	,	,	PUNCT
fbem-28715	382	7	sandwidi	sandwidi	NOUN
fbem-28715	382	8	bw	bw	PROPN
fbem-28715	382	9	.	.	PROPN
fbem-28715	382	10	csr	csr	PROPN
fbem-28715	382	11	engagement	engagement	NOUN
fbem-28715	382	12	and	and	CCONJ
fbem-28715	382	13	financial	financial	ADJ
fbem-28715	382	14	risk	risk	NOUN
fbem-28715	382	15	:	:	PUNCT
fbem-28715	382	16	a	a	DET
fbem-28715	382	17	virtuous	virtuous	ADJ
fbem-28715	382	18	circle	circle	NOUN
fbem-28715	382	19	?	?	PUNCT
fbem-28715	383	1	international	international	ADJ
fbem-28715	383	2	evidence	evidence	NOUN
fbem-28715	383	3	.	.	PUNCT
fbem-28715	384	1	global	global	ADJ
fbem-28715	384	2	finance	finance	PROPN
fbem-28715	384	3	journal	journal	NOUN
fbem-28715	384	4	.	.	PUNCT
fbem-28715	385	1	2018	2018	NUM
fbem-28715	385	2	;	;	PUNCT
fbem-28715	385	3	38:65	38:65	NUM
fbem-28715	385	4	-	-	SYM
fbem-28715	385	5	81	81	NUM
fbem-28715	385	6	.	.	PUNCT
fbem-28715	386	1	[	[	X
fbem-28715	386	2	18	18	NUM
fbem-28715	386	3	]	]	X
fbem-28715	386	4	chen	chen	PROPN
fbem-28715	386	5	y	y	PROPN
fbem-28715	386	6	,	,	PUNCT
fbem-28715	386	7	li	li	PROPN
fbem-28715	386	8	t	t	PROPN
fbem-28715	386	9	,	,	PUNCT
fbem-28715	386	10	zeng	zeng	PROPN
fbem-28715	386	11	q	q	PROPN
fbem-28715	386	12	,	,	PUNCT
fbem-28715	386	13	zhu	zhu	PROPN
fbem-28715	386	14	b.	b.	PROPN
fbem-28715	386	15	effect	effect	NOUN
fbem-28715	386	16	of	of	ADP
fbem-28715	386	17	esg	esg	PROPN
fbem-28715	386	18	performance	performance	NOUN
fbem-28715	386	19	on	on	ADP
fbem-28715	386	20	the	the	DET
fbem-28715	386	21	cost	cost	NOUN
fbem-28715	386	22	of	of	ADP
fbem-28715	386	23	equity	equity	NOUN
fbem-28715	386	24	capital	capital	NOUN
fbem-28715	386	25	:	:	PUNCT
fbem-28715	386	26	evidence	evidence	NOUN
fbem-28715	386	27	from	from	ADP
fbem-28715	386	28	china	china	PROPN
fbem-28715	386	29	.	.	PUNCT
fbem-28715	387	1	international	international	ADJ
fbem-28715	387	2	review	review	PROPN
fbem-28715	387	3	of	of	ADP
fbem-28715	387	4	economics	economic	NOUN
fbem-28715	387	5	&	&	CCONJ
fbem-28715	387	6	finance	finance	NOUN
fbem-28715	387	7	.	.	PUNCT
fbem-28715	388	1	2023	2023	NUM
fbem-28715	388	2	;	;	PUNCT
fbem-28715	388	3	83:348	83:348	PROPN
fbem-28715	388	4	-	-	SYM
fbem-28715	388	5	64	64	NUM
fbem-28715	388	6	.	.	PUNCT
fbem-28715	389	1	[	[	X
fbem-28715	389	2	19	19	NUM
fbem-28715	389	3	]	]	PUNCT
fbem-28715	389	4	eliwa	eliwa	NOUN
fbem-28715	389	5	y	y	PROPN
fbem-28715	389	6	,	,	PUNCT
fbem-28715	389	7	aboud	aboud	NOUN
fbem-28715	389	8	a	a	DET
fbem-28715	389	9	,	,	PUNCT
fbem-28715	389	10	saleh	saleh	PROPN
fbem-28715	389	11	a.	a.	PROPN
fbem-28715	389	12	esg	esg	PROPN
fbem-28715	389	13	practices	practice	NOUN
fbem-28715	389	14	and	and	CCONJ
fbem-28715	389	15	the	the	DET
fbem-28715	389	16	cost	cost	NOUN
fbem-28715	389	17	of	of	ADP
fbem-28715	389	18	debt	debt	NOUN
fbem-28715	389	19	:	:	PUNCT
fbem-28715	389	20	evidence	evidence	NOUN
fbem-28715	389	21	from	from	ADP
fbem-28715	389	22	eu	eu	PROPN
fbem-28715	389	23	countries	country	NOUN
fbem-28715	389	24	.	.	PUNCT
fbem-28715	390	1	critical	critical	ADJ
fbem-28715	390	2	perspectives	perspective	NOUN
fbem-28715	390	3	on	on	ADP
fbem-28715	390	4	accounting	account	VERB
fbem-28715	390	5	.	.	PUNCT
fbem-28715	391	1	2021	2021	NUM
fbem-28715	391	2	;	;	PUNCT
fbem-28715	392	1	79:102097	79:102097	X
fbem-28715	392	2	.	.	PUNCT
fbem-28715	393	1	[	[	X
fbem-28715	393	2	20	20	NUM
fbem-28715	393	3	]	]	SYM
fbem-28715	393	4	ashjaei	ashjaei	PROPN
fbem-28715	393	5	np	np	PROPN
fbem-28715	393	6	,	,	PUNCT
fbem-28715	393	7	nagaraja	nagaraja	PROPN
fbem-28715	393	8	n.	n.	PROPN
fbem-28715	393	9	earning	earn	VERB
fbem-28715	393	10	volatility	volatility	NOUN
fbem-28715	393	11	scenario	scenario	NOUN
fbem-28715	393	12	pre	pre	VERB
fbem-28715	393	13	and	and	CCONJ
fbem-28715	393	14	post	post	VERB
fbem-28715	393	15	implementation	implementation	NOUN
fbem-28715	393	16	of	of	ADP
fbem-28715	393	17	ifrs	ifrs	PROPN
fbem-28715	393	18	in	in	ADP
fbem-28715	393	19	selected	select	VERB
fbem-28715	393	20	indian	indian	ADJ
fbem-28715	393	21	companies	company	NOUN
fbem-28715	393	22	.	.	PUNCT
fbem-28715	394	1	clear	clear	ADJ
fbem-28715	394	2	international	international	ADJ
fbem-28715	394	3	journal	journal	NOUN
fbem-28715	394	4	of	of	ADP
fbem-28715	394	5	research	research	NOUN
fbem-28715	394	6	in	in	ADP
fbem-28715	394	7	commerce	commerce	PROPN
fbem-28715	394	8	&	&	CCONJ
fbem-28715	394	9	management	management	NOUN
fbem-28715	394	10	.	.	PUNCT
fbem-28715	395	1	2020	2020	NUM
fbem-28715	395	2	;	;	PUNCT
fbem-28715	395	3	11(6	11(6	NUM
fbem-28715	395	4	)	)	PUNCT
fbem-28715	395	5	.	.	PUNCT
fbem-28715	396	1	[	[	X
fbem-28715	396	2	21	21	NUM
fbem-28715	396	3	]	]	X
fbem-28715	396	4	baik	baik	PROPN
fbem-28715	396	5	b	b	PROPN
fbem-28715	396	6	,	,	PUNCT
fbem-28715	396	7	chae	chae	PROPN
fbem-28715	396	8	j	j	PROPN
fbem-28715	396	9	,	,	PUNCT
fbem-28715	396	10	choi	choi	PROPN
fbem-28715	396	11	s	s	PROPN
fbem-28715	396	12	,	,	PUNCT
fbem-28715	396	13	farber	farber	PROPN
fbem-28715	396	14	db	db	PROPN
fbem-28715	396	15	.	.	PROPN
fbem-28715	396	16	changes	change	NOUN
fbem-28715	396	17	in	in	ADP
fbem-28715	396	18	operational	operational	ADJ
fbem-28715	396	19	efficiency	efficiency	NOUN
fbem-28715	396	20	and	and	CCONJ
fbem-28715	396	21	firm	firm	ADJ
fbem-28715	396	22	performance	performance	NOUN
fbem-28715	396	23	:	:	PUNCT
fbem-28715	396	24	a	a	DET
fbem-28715	396	25	frontier	frontier	NOUN
fbem-28715	396	26	analysis	analysis	NOUN
fbem-28715	396	27	approach	approach	NOUN
fbem-28715	396	28	.	.	PUNCT
fbem-28715	397	1	contemporary	contemporary	ADJ
fbem-28715	397	2	accounting	accounting	NOUN
fbem-28715	397	3	research	research	NOUN
fbem-28715	397	4	.	.	PUNCT
fbem-28715	398	1	2013	2013	NUM
fbem-28715	398	2	;	;	PUNCT
fbem-28715	398	3	30(3):996	30(3):996	NOUN
fbem-28715	398	4	-	-	SYM
fbem-28715	398	5	1026	1026	NUM
fbem-28715	398	6	.	.	PUNCT
fbem-28715	399	1	[	[	X
fbem-28715	399	2	22	22	NUM
fbem-28715	399	3	]	]	X
fbem-28715	399	4	ghasemzadeh	ghasemzadeh	PROPN
fbem-28715	399	5	m	m	PROPN
fbem-28715	399	6	,	,	PUNCT
fbem-28715	399	7	heydari	heydari	PROPN
fbem-28715	399	8	m	m	PROPN
fbem-28715	399	9	,	,	PUNCT
fbem-28715	399	10	mansourfar	mansourfar	ADV
fbem-28715	399	11	g.	g.	NOUN
fbem-28715	399	12	earning	earn	VERB
fbem-28715	399	13	volatility	volatility	NOUN
fbem-28715	399	14	,	,	PUNCT
fbem-28715	399	15	capital	capital	NOUN
fbem-28715	399	16	structure	structure	NOUN
fbem-28715	399	17	decisions	decision	NOUN
fbem-28715	399	18	and	and	CCONJ
fbem-28715	399	19	financial	financial	ADJ
fbem-28715	399	20	distress	distress	NOUN
fbem-28715	399	21	by	by	ADP
fbem-28715	399	22	sem	sem	PROPN
fbem-28715	399	23	.	.	PUNCT
fbem-28715	400	1	emerging	emerge	VERB
fbem-28715	400	2	markets	market	NOUN
fbem-28715	400	3	finance	finance	NOUN
fbem-28715	400	4	and	and	CCONJ
fbem-28715	400	5	trade	trade	NOUN
fbem-28715	400	6	.	.	PUNCT
fbem-28715	401	1	2021	2021	NUM
fbem-28715	401	2	;	;	PUNCT
fbem-28715	401	3	57(9):2632	57(9):2632	NUM
fbem-28715	401	4	-	-	SYM
fbem-28715	401	5	50	50	NUM
fbem-28715	401	6	.	.	PUNCT
fbem-28715	402	1	[	[	X
fbem-28715	402	2	23	23	NUM
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fbem-28715	402	5	db	db	PROPN
fbem-28715	402	6	,	,	PUNCT
fbem-28715	402	7	mason	mason	PROPN
fbem-28715	402	8	tw	tw	PROPN
fbem-28715	402	9	,	,	PUNCT
fbem-28715	402	10	reynolds	reynolds	PROPN
fbem-28715	402	11	jk	jk	PROPN
fbem-28715	402	12	.	.	PUNCT
fbem-28715	402	13	earnings	earning	NOUN
fbem-28715	402	14	autocorrelation	autocorrelation	NOUN
fbem-28715	402	15	,	,	PUNCT
fbem-28715	402	16	earnings	earning	NOUN
fbem-28715	402	17	volatility	volatility	NOUN
fbem-28715	402	18	,	,	PUNCT
fbem-28715	402	19	and	and	CCONJ
fbem-28715	402	20	audit	audit	NOUN
fbem-28715	402	21	fees	fee	NOUN
fbem-28715	402	22	.	.	PUNCT
fbem-28715	403	1	auditing	audit	VERB
fbem-28715	403	2	:	:	PUNCT
fbem-28715	403	3	a	a	DET
fbem-28715	403	4	journal	journal	NOUN
fbem-28715	403	5	of	of	ADP
fbem-28715	403	6	practice	practice	NOUN
fbem-28715	403	7	&	&	CCONJ
fbem-28715	403	8	theory	theory	NOUN
fbem-28715	403	9	.	.	PUNCT
fbem-28715	404	1	2018	2018	NUM
fbem-28715	404	2	;	;	PUNCT
fbem-28715	404	3	37(3):47	37(3):47	PROPN
fbem-28715	404	4	-	-	SYM
fbem-28715	404	5	69	69	NUM
fbem-28715	404	6	.	.	PUNCT
fbem-28715	405	1	[	[	X
fbem-28715	405	2	24	24	NUM
fbem-28715	405	3	]	]	PUNCT
fbem-28715	405	4	avilés	avilés	NOUN
fbem-28715	405	5	-	-	PUNCT
fbem-28715	405	6	ochoa	ochoa	PROPN
fbem-28715	405	7	e	e	PROPN
fbem-28715	405	8	,	,	PUNCT
fbem-28715	405	9	flores	flores	PROPN
fbem-28715	405	10	-	-	PUNCT
fbem-28715	405	11	sosa	sosa	PROPN
fbem-28715	405	12	m	m	PROPN
fbem-28715	405	13	,	,	PUNCT
fbem-28715	405	14	merigó	merigó	PROPN
fbem-28715	405	15	jm	jm	PROPN
fbem-28715	405	16	.	.	PROPN
fbem-28715	406	1	a	a	DET
fbem-28715	406	2	bibliometric	bibliometric	ADJ
fbem-28715	406	3	overview	overview	NOUN
fbem-28715	406	4	of	of	ADP
fbem-28715	406	5	volatility	volatility	NOUN
fbem-28715	406	6	.	.	PUNCT
fbem-28715	407	1	journal	journal	NOUN
fbem-28715	407	2	of	of	ADP
fbem-28715	407	3	intelligent	intelligent	ADJ
fbem-28715	407	4	&	&	CCONJ
fbem-28715	407	5	fuzzy	fuzzy	ADJ
fbem-28715	407	6	systems	system	NOUN
fbem-28715	407	7	.	.	PUNCT
fbem-28715	408	1	2021;40(2):1997	2021;40(2):1997	NUM
fbem-28715	408	2	-	-	SYM
fbem-28715	408	3	2009	2009	NUM
fbem-28715	408	4	.	.	PUNCT
fbem-28715	409	1	[	[	X
fbem-28715	409	2	25	25	NUM
fbem-28715	409	3	]	]	PUNCT
fbem-28715	409	4	martínez	martínez	PROPN
fbem-28715	409	5	mdcv	mdcv	PROPN
fbem-28715	409	6	,	,	PUNCT
fbem-28715	409	7	román	román	ADJ
fbem-28715	409	8	rs	rs	NOUN
fbem-28715	409	9	,	,	PUNCT
fbem-28715	409	10	mart	mart	PROPN
fbem-28715	409	11	pa	pa	PROPN
fbem-28715	409	12	.	.	PROPN
fbem-28715	410	1	should	should	AUX
fbem-28715	410	2	risk	risk	VERB
fbem-28715	410	3	-	-	PUNCT
fbem-28715	410	4	averse	averse	ADJ
fbem-28715	410	5	investors	investor	NOUN
fbem-28715	410	6	target	target	VERB
fbem-28715	410	7	the	the	DET
fbem-28715	410	8	portfolios	portfolio	NOUN
fbem-28715	410	9	of	of	ADP
fbem-28715	410	10	socially	socially	ADV
fbem-28715	410	11	responsible	responsible	ADJ
fbem-28715	410	12	companies	company	NOUN
fbem-28715	410	13	?	?	PUNCT
fbem-28715	411	1	oeconomia	oeconomia	NOUN
fbem-28715	411	2	copernicana	copernicana	PROPN
fbem-28715	411	3	.	.	PUNCT
fbem-28715	412	1	2022	2022	NUM
fbem-28715	412	2	;	;	PUNCT
fbem-28715	412	3	13(2):439	13(2):439	PROPN
fbem-28715	412	4	-	-	SYM
fbem-28715	412	5	74	74	NUM
fbem-28715	412	6	.	.	PUNCT
fbem-28715	413	1	[	[	X
fbem-28715	413	2	26	26	NUM
fbem-28715	413	3	]	]	PUNCT
fbem-28715	413	4	adhariani	adhariani	PROPN
fbem-28715	413	5	d	d	PROPN
fbem-28715	413	6	,	,	PUNCT
fbem-28715	413	7	siregar	siregar	ADJ
fbem-28715	413	8	sv	sv	NOUN
fbem-28715	413	9	.	.	PUNCT
fbem-28715	414	1	how	how	SCONJ
fbem-28715	414	2	deep	deep	ADJ
fbem-28715	414	3	is	be	AUX
fbem-28715	414	4	your	your	PRON
fbem-28715	414	5	care	care	NOUN
fbem-28715	414	6	?	?	PUNCT
fbem-28715	415	1	analysis	analysis	NOUN
fbem-28715	415	2	of	of	ADP
fbem-28715	415	3	corporations	corporation	NOUN
fbem-28715	415	4	’	'	PUNCT
fbem-28715	415	5	“	"	PUNCT
fbem-28715	415	6	caring	caring	ADJ
fbem-28715	415	7	level	level	NOUN
fbem-28715	415	8	”	"	PUNCT
fbem-28715	415	9	and	and	CCONJ
fbem-28715	415	10	impact	impact	NOUN
fbem-28715	415	11	on	on	ADP
fbem-28715	415	12	earnings	earning	NOUN
fbem-28715	415	13	volatility	volatility	NOUN
fbem-28715	415	14	from	from	ADP
fbem-28715	415	15	the	the	DET
fbem-28715	415	16	ethics	ethic	NOUN
fbem-28715	415	17	of	of	ADP
fbem-28715	415	18	care	care	NOUN
fbem-28715	415	19	perspective	perspective	NOUN
fbem-28715	415	20	.	.	PUNCT
fbem-28715	416	1	australasian	australasian	ADJ
fbem-28715	416	2	accounting	accounting	NOUN
fbem-28715	416	3	,	,	PUNCT
fbem-28715	416	4	business	business	NOUN
fbem-28715	416	5	and	and	CCONJ
fbem-28715	416	6	finance	finance	NOUN
fbem-28715	416	7	journal	journal	NOUN
fbem-28715	416	8	.	.	PUNCT
fbem-28715	417	1	2019	2019	NUM
fbem-28715	417	2	;	;	PUNCT
fbem-28715	417	3	12(4):43	12(4):43	NUM
fbem-28715	417	4	-	-	SYM
fbem-28715	417	5	59	59	NUM
fbem-28715	417	6	.	.	PUNCT
fbem-28715	418	1	[	[	X
fbem-28715	418	2	27	27	NUM
fbem-28715	418	3	]	]	X
fbem-28715	418	4	abdel	abdel	PROPN
fbem-28715	418	5	-	-	PUNCT
fbem-28715	418	6	khalik	khalik	PROPN
fbem-28715	418	7	ar	ar	PROPN
fbem-28715	418	8	.	.	PUNCT
fbem-28715	419	1	an	an	DET
fbem-28715	419	2	empirical	empirical	ADJ
fbem-28715	419	3	analysis	analysis	NOUN
fbem-28715	419	4	of	of	ADP
fbem-28715	419	5	ceo	ceo	NOUN
fbem-28715	419	6	risk	risk	NOUN
fbem-28715	419	7	aversion	aversion	NOUN
fbem-28715	419	8	and	and	CCONJ
fbem-28715	419	9	the	the	DET
fbem-28715	419	10	propensity	propensity	NOUN
fbem-28715	419	11	to	to	PART
fbem-28715	419	12	smooth	smooth	VERB
fbem-28715	419	13	earnings	earning	NOUN
fbem-28715	419	14	volatility	volatility	NOUN
fbem-28715	419	15	.	.	PUNCT
fbem-28715	420	1	journal	journal	NOUN
fbem-28715	420	2	of	of	ADP
fbem-28715	420	3	accounting	accounting	NOUN
fbem-28715	420	4	,	,	PUNCT
fbem-28715	420	5	auditing	auditing	NOUN
fbem-28715	420	6	&	&	CCONJ
fbem-28715	420	7	finance	finance	PROPN
fbem-28715	420	8	.	.	PUNCT
fbem-28715	421	1	2007	2007	NUM
fbem-28715	421	2	;	;	PUNCT
fbem-28715	421	3	22(2):201	22(2):201	NUM
fbem-28715	421	4	-	-	SYM
fbem-28715	421	5	35	35	NUM
fbem-28715	421	6	.	.	PUNCT
fbem-28715	422	1	[	[	X
fbem-28715	422	2	28	28	NUM
fbem-28715	422	3	]	]	X
fbem-28715	422	4	ahmed	ahme	VERB
fbem-28715	422	5	as	as	ADP
fbem-28715	422	6	,	,	PUNCT
fbem-28715	422	7	mcmartin	mcmartin	X
fbem-28715	422	8	as	as	ADP
fbem-28715	422	9	,	,	PUNCT
fbem-28715	422	10	safdar	safdar	PROPN
fbem-28715	422	11	i.	i.	PROPN
fbem-28715	422	12	earnings	earning	NOUN
fbem-28715	422	13	volatility	volatility	NOUN
fbem-28715	422	14	,	,	PUNCT
fbem-28715	422	15	ambiguity	ambiguity	NOUN
fbem-28715	422	16	,	,	PUNCT
fbem-28715	422	17	and	and	CCONJ
fbem-28715	422	18	crisis‐period	crisis‐period	NOUN
fbem-28715	422	19	stock	stock	NOUN
fbem-28715	422	20	returns	return	NOUN
fbem-28715	422	21	.	.	PUNCT
fbem-28715	423	1	accounting	accounting	NOUN
fbem-28715	423	2	&	&	CCONJ
fbem-28715	423	3	finance	finance	NOUN
fbem-28715	423	4	.	.	PUNCT
fbem-28715	424	1	2020	2020	NUM
fbem-28715	424	2	;	;	PUNCT
fbem-28715	424	3	60(3):2939	60(3):2939	NUM
fbem-28715	424	4	-	-	SYM
fbem-28715	424	5	63	63	NUM
fbem-28715	424	6	.	.	PUNCT
fbem-28715	425	1	[	[	X
fbem-28715	425	2	29	29	NUM
fbem-28715	425	3	]	]	X
fbem-28715	425	4	phua	phua	PROPN
fbem-28715	425	5	lk	lk	PROPN
fbem-28715	425	6	,	,	PUNCT
fbem-28715	425	7	lok	lok	PROPN
fbem-28715	425	8	c	c	PROPN
fbem-28715	425	9	-	-	PUNCT
fbem-28715	425	10	l	l	NOUN
fbem-28715	425	11	,	,	PUNCT
fbem-28715	425	12	chua	chua	PROPN
fbem-28715	425	13	yx	yx	PROPN
fbem-28715	425	14	,	,	PUNCT
fbem-28715	425	15	lim	lim	PROPN
fbem-28715	425	16	t	t	PROPN
fbem-28715	425	17	-	-	PUNCT
fbem-28715	425	18	c.	c.	NOUN
fbem-28715	425	19	earnings	earning	NOUN
fbem-28715	425	20	volatility	volatility	NOUN
fbem-28715	425	21	,	,	PUNCT
fbem-28715	425	22	the	the	DET
fbem-28715	425	23	use	use	NOUN
fbem-28715	425	24	of	of	ADP
fbem-28715	425	25	financial	financial	ADJ
fbem-28715	425	26	derivatives	derivative	NOUN
fbem-28715	425	27	and	and	CCONJ
fbem-28715	425	28	earnings	earning	NOUN
fbem-28715	425	29	management	management	NOUN
fbem-28715	425	30	:	:	PUNCT
fbem-28715	425	31	evidence	evidence	NOUN
fbem-28715	425	32	from	from	ADP
fbem-28715	425	33	an	an	DET
fbem-28715	425	34	emerging	emerge	VERB
fbem-28715	425	35	market	market	NOUN
fbem-28715	425	36	.	.	PUNCT
fbem-28715	426	1	malaysian	malaysian	ADJ
fbem-28715	426	2	journal	journal	PROPN
fbem-28715	426	3	of	of	ADP
fbem-28715	426	4	economic	economic	ADJ
fbem-28715	426	5	studies	study	NOUN
fbem-28715	426	6	.	.	PUNCT
fbem-28715	426	7	2021	2021	NUM
fbem-28715	426	8	;	;	PUNCT
fbem-28715	426	9	58(1):1	58(1):1	NUM
fbem-28715	426	10	-	-	SYM
fbem-28715	426	11	20	20	NUM
fbem-28715	426	12	.	.	PUNCT
fbem-28715	427	1	[	[	X
fbem-28715	427	2	30	30	NUM
fbem-28715	427	3	]	]	PUNCT
fbem-28715	427	4	pfeffer	pfeffer	PROPN
fbem-28715	427	5	j	j	PROPN
fbem-28715	427	6	,	,	PUNCT
fbem-28715	427	7	salancik	salancik	VERB
fbem-28715	427	8	g.	g.	PROPN
fbem-28715	427	9	external	external	PROPN
fbem-28715	427	10	control	control	NOUN
fbem-28715	427	11	of	of	ADP
fbem-28715	427	12	organizations	organization	NOUN
fbem-28715	427	13	—	—	PUNCT
fbem-28715	427	14	resource	resource	NOUN
fbem-28715	427	15	dependence	dependence	NOUN
fbem-28715	427	16	perspective	perspective	NOUN
fbem-28715	427	17	.	.	PUNCT
fbem-28715	428	1	organizational	organizational	ADJ
fbem-28715	428	2	behavior	behavior	NOUN
fbem-28715	428	3	2	2	NUM
fbem-28715	428	4	:	:	PUNCT
fbem-28715	428	5	routledge	routledge	NOUN
fbem-28715	428	6	;	;	PUNCT
fbem-28715	428	7	1978	1978	NUM
fbem-28715	428	8	.	.	PUNCT
fbem-28715	429	1	p.	p.	NOUN
fbem-28715	429	2	355	355	NUM
fbem-28715	429	3	-	-	SYM
fbem-28715	429	4	70	70	NUM
fbem-28715	429	5	.	.	PUNCT
fbem-28715	430	1	[	[	X
fbem-28715	430	2	31	31	NUM
fbem-28715	430	3	]	]	PUNCT
fbem-28715	430	4	ferrando	ferrando	VERB
fbem-28715	430	5	a	a	DET
fbem-28715	430	6	,	,	PUNCT
fbem-28715	430	7	mulier	mulier	PROPN
fbem-28715	430	8	k.	k.	PROPN
fbem-28715	430	9	firms	firms	PROPN
fbem-28715	430	10	’	’	PART
fbem-28715	430	11	financing	financing	NOUN
fbem-28715	430	12	constraints	constraint	NOUN
fbem-28715	430	13	:	:	PUNCT
fbem-28715	430	14	do	do	AUX
fbem-28715	430	15	perceptions	perception	NOUN
fbem-28715	430	16	match	match	VERB
fbem-28715	430	17	the	the	DET
fbem-28715	430	18	actual	actual	ADJ
fbem-28715	430	19	situation	situation	NOUN
fbem-28715	430	20	?	?	PUNCT
fbem-28715	431	1	the	the	DET
fbem-28715	431	2	economic	economic	ADJ
fbem-28715	431	3	and	and	CCONJ
fbem-28715	431	4	social	social	ADJ
fbem-28715	431	5	review	review	NOUN
fbem-28715	431	6	.	.	PUNCT
fbem-28715	432	1	2015	2015	NUM
fbem-28715	432	2	;	;	PUNCT
fbem-28715	432	3	46(1	46(1	X
fbem-28715	432	4	,	,	PUNCT
fbem-28715	432	5	spring):87	spring):87	NOUN
fbem-28715	432	6	-	-	PUNCT
fbem-28715	432	7	117	117	NUM
fbem-28715	432	8	.	.	PUNCT
fbem-28715	433	1	[	[	X
fbem-28715	433	2	32	32	NUM
fbem-28715	433	3	]	]	PUNCT
fbem-28715	433	4	santos	santos	PROPN
fbem-28715	433	5	a	a	PRON
fbem-28715	433	6	,	,	PUNCT
fbem-28715	433	7	cincera	cincera	NOUN
fbem-28715	433	8	m.	m.	NOUN
fbem-28715	433	9	determinants	determinant	NOUN
fbem-28715	433	10	of	of	ADP
fbem-28715	433	11	financing	financing	NOUN
fbem-28715	433	12	constraints	constraint	NOUN
fbem-28715	433	13	.	.	PUNCT
fbem-28715	434	1	small	small	ADJ
fbem-28715	434	2	business	business	NOUN
fbem-28715	434	3	economics	economic	NOUN
fbem-28715	434	4	.	.	PUNCT
fbem-28715	435	1	2022	2022	NUM
fbem-28715	435	2	;	;	PUNCT
fbem-28715	435	3	58(3):1427	58(3):1427	NUM
fbem-28715	435	4	-	-	SYM
fbem-28715	435	5	39	39	NUM
fbem-28715	435	6	.	.	PUNCT
fbem-28715	436	1	[	[	X
fbem-28715	436	2	33	33	NUM
fbem-28715	436	3	]	]	X
fbem-28715	436	4	zavala	zavala	NOUN
fbem-28715	436	5	-	-	PUNCT
fbem-28715	436	6	alcívar	alcívar	NOUN
fbem-28715	436	7	a	a	PRON
fbem-28715	436	8	,	,	PUNCT
fbem-28715	436	9	verdecho	verdecho	PROPN
fbem-28715	436	10	m	m	PROPN
fbem-28715	436	11	-	-	PROPN
fbem-28715	436	12	j	j	PROPN
fbem-28715	436	13	,	,	PUNCT
fbem-28715	436	14	alfaro	alfaro	PROPN
fbem-28715	436	15	-	-	PUNCT
fbem-28715	436	16	saiz	saiz	PROPN
fbem-28715	436	17	j	j	PROPN
fbem-28715	436	18	-	-	PROPN
fbem-28715	436	19	j.	j.	PROPN
fbem-28715	436	20	a	a	DET
fbem-28715	436	21	conceptual	conceptual	ADJ
fbem-28715	436	22	framework	framework	NOUN
fbem-28715	436	23	to	to	PART
fbem-28715	436	24	manage	manage	VERB
fbem-28715	436	25	resilience	resilience	NOUN
fbem-28715	436	26	and	and	CCONJ
fbem-28715	436	27	increase	increase	VERB
fbem-28715	436	28	sustainability	sustainability	NOUN
fbem-28715	436	29	in	in	ADP
fbem-28715	436	30	the	the	DET
fbem-28715	436	31	supply	supply	NOUN
fbem-28715	436	32	chain	chain	NOUN
fbem-28715	436	33	.	.	PUNCT
fbem-28715	437	1	sustainability	sustainability	NOUN
fbem-28715	437	2	.	.	PUNCT
fbem-28715	438	1	2020	2020	NUM
fbem-28715	438	2	;	;	PUNCT
fbem-28715	438	3	12(16):6300	12(16):6300	NUM
fbem-28715	438	4	.	.	PUNCT
fbem-28715	439	1	[	[	X
fbem-28715	439	2	34	34	NUM
fbem-28715	439	3	]	]	X
fbem-28715	439	4	zou	zou	PROPN
fbem-28715	439	5	m	m	PROPN
fbem-28715	439	6	,	,	PUNCT
fbem-28715	439	7	zhang	zhang	PROPN
fbem-28715	439	8	x.	x.	PROPN
fbem-28715	439	9	supply	supply	PROPN
fbem-28715	439	10	chain	chain	NOUN
fbem-28715	439	11	concentration	concentration	NOUN
fbem-28715	439	12	and	and	CCONJ
fbem-28715	439	13	corporate	corporate	ADJ
fbem-28715	439	14	financialization	financialization	NOUN
fbem-28715	439	15	.	.	PUNCT
fbem-28715	440	1	frontiers	frontier	NOUN
fbem-28715	440	2	in	in	ADP
fbem-28715	440	3	psychology	psychology	NOUN
fbem-28715	440	4	.	.	PUNCT
fbem-28715	441	1	2023	2023	NUM
fbem-28715	441	2	;	;	PUNCT
fbem-28715	441	3	13:934753	13:934753	NUM
fbem-28715	441	4	.	.	PUNCT
fbem-28715	442	1	[	[	X
fbem-28715	442	2	35	35	NUM
fbem-28715	442	3	]	]	X
fbem-28715	442	4	liu	liu	PROPN
fbem-28715	442	5	t	t	PROPN
fbem-28715	442	6	,	,	PUNCT
fbem-28715	442	7	gao	gao	PROPN
fbem-28715	442	8	h.	h.	PROPN
fbem-28715	442	9	does	do	AUX
fbem-28715	442	10	supply	supply	VERB
fbem-28715	442	11	chain	chain	NOUN
fbem-28715	442	12	concentration	concentration	NOUN
fbem-28715	442	13	affect	affect	VERB
fbem-28715	442	14	the	the	DET
fbem-28715	442	15	performance	performance	NOUN
fbem-28715	442	16	of	of	ADP
fbem-28715	442	17	corporate	corporate	ADJ
fbem-28715	442	18	environmental	environmental	ADJ
fbem-28715	442	19	responsibility	responsibility	NOUN
fbem-28715	442	20	?	?	PUNCT
fbem-28715	443	1	the	the	DET
fbem-28715	443	2	moderating	moderate	VERB
fbem-28715	443	3	effect	effect	NOUN
fbem-28715	443	4	of	of	ADP
fbem-28715	443	5	technology	technology	NOUN
fbem-28715	443	6	uncertainty	uncertainty	NOUN
fbem-28715	443	7	.	.	PUNCT
fbem-28715	444	1	sustainability	sustainability	NOUN
fbem-28715	444	2	.	.	PUNCT
fbem-28715	445	1	2022	2022	NUM
fbem-28715	445	2	;	;	PUNCT
fbem-28715	446	1	14(2):781	14(2):781	NUM
fbem-28715	446	2	.	.	PUNCT
fbem-28715	447	1	[	[	X
fbem-28715	447	2	36	36	NUM
fbem-28715	447	3	]	]	X
fbem-28715	447	4	fang	fang	PROPN
fbem-28715	447	5	h	h	PROPN
fbem-28715	447	6	,	,	PUNCT
fbem-28715	447	7	zhang	zhang	PROPN
fbem-28715	447	8	y	y	PROPN
fbem-28715	447	9	,	,	PUNCT
fbem-28715	447	10	wang	wang	PROPN
fbem-28715	447	11	p.	p.	PROPN
fbem-28715	448	1	legal	legal	ADJ
fbem-28715	448	2	environment	environment	NOUN
fbem-28715	448	3	,	,	PUNCT
fbem-28715	448	4	supply	supply	NOUN
fbem-28715	448	5	chain	chain	NOUN
fbem-28715	448	6	concentration	concentration	NOUN
fbem-28715	448	7	and	and	CCONJ
fbem-28715	448	8	firm	firm	NOUN
fbem-28715	448	9	’s	’s	PART
fbem-28715	448	10	accounting	accounting	NOUN
fbem-28715	448	11	information	information	NOUN
fbem-28715	448	12	comparability	comparability	NOUN
fbem-28715	448	13	.	.	PUNCT
fbem-28715	449	1	accounting	accounting	NOUN
fbem-28715	449	2	research	research	NOUN
fbem-28715	449	3	.	.	PUNCT
fbem-28715	450	1	2017	2017	NUM
fbem-28715	450	2	;	;	PUNCT
fbem-28715	450	3	7:33	7:33	NUM
fbem-28715	450	4	-	-	SYM
fbem-28715	450	5	40	40	NUM
fbem-28715	450	6	.	.	PUNCT
fbem-28715	451	1	[	[	X
fbem-28715	451	2	37	37	NUM
fbem-28715	451	3	]	]	X
fbem-28715	451	4	chu	chu	PROPN
fbem-28715	451	5	y.	y.	PROPN
fbem-28715	451	6	optimal	optimal	ADJ
fbem-28715	451	7	capital	capital	NOUN
fbem-28715	451	8	structure	structure	NOUN
fbem-28715	451	9	,	,	PUNCT
fbem-28715	451	10	bargaining	bargaining	NOUN
fbem-28715	451	11	,	,	PUNCT
fbem-28715	451	12	and	and	CCONJ
fbem-28715	451	13	the	the	DET
fbem-28715	451	14	supplier	supplier	NOUN
fbem-28715	451	15	market	market	NOUN
fbem-28715	451	16	structure	structure	NOUN
fbem-28715	451	17	.	.	PUNCT
fbem-28715	452	1	journal	journal	NOUN
fbem-28715	452	2	of	of	ADP
fbem-28715	452	3	financial	financial	ADJ
fbem-28715	452	4	economics	economic	NOUN
fbem-28715	452	5	.	.	PUNCT
fbem-28715	453	1	2012	2012	NUM
fbem-28715	453	2	;	;	PUNCT
fbem-28715	453	3	106(2):411	106(2):411	NUM
fbem-28715	453	4	-	-	SYM
fbem-28715	453	5	26	26	NUM
fbem-28715	453	6	.	.	PUNCT
fbem-28715	454	1	[	[	X
fbem-28715	454	2	38	38	NUM
fbem-28715	454	3	]	]	X
fbem-28715	454	4	zhang	zhang	PROPN
fbem-28715	454	5	x	x	PROPN
fbem-28715	454	6	,	,	PUNCT
fbem-28715	454	7	zou	zou	PROPN
fbem-28715	454	8	m	m	PROPN
fbem-28715	454	9	,	,	PUNCT
fbem-28715	454	10	liu	liu	PROPN
fbem-28715	454	11	w	w	PROPN
fbem-28715	454	12	,	,	PUNCT
fbem-28715	454	13	zhang	zhang	PROPN
fbem-28715	454	14	y.	y.	PROPN
fbem-28715	454	15	does	do	AUX
fbem-28715	454	16	a	a	DET
fbem-28715	454	17	firm	firm	NOUN
fbem-28715	454	18	’s	’s	PART
fbem-28715	454	19	supplier	supplier	NOUN
fbem-28715	454	20	concentration	concentration	NOUN
fbem-28715	454	21	affect	affect	VERB
fbem-28715	454	22	its	its	PRON
fbem-28715	454	23	cash	cash	NOUN
fbem-28715	454	24	holding	holding	NOUN
fbem-28715	454	25	?	?	PUNCT
fbem-28715	455	1	economic	economic	ADJ
fbem-28715	455	2	modelling	modelling	NOUN
fbem-28715	455	3	.	.	PUNCT
fbem-28715	456	1	2020	2020	NUM
fbem-28715	456	2	;	;	PUNCT
fbem-28715	456	3	90:527	90:527	NUM
fbem-28715	456	4	-	-	SYM
fbem-28715	456	5	35	35	NUM
fbem-28715	456	6	.	.	PUNCT
fbem-28715	457	1	[	[	X
fbem-28715	457	2	39	39	NUM
fbem-28715	457	3	]	]	PUNCT
fbem-28715	457	4	ivanov	ivanov	PROPN
fbem-28715	457	5	d	d	PROPN
fbem-28715	457	6	,	,	PUNCT
fbem-28715	457	7	das	das	PROPN
fbem-28715	457	8	a.	a.	NOUN
fbem-28715	457	9	coronavirus	coronavirus	PROPN
fbem-28715	457	10	(	(	PUNCT
fbem-28715	457	11	covid-19	covid-19	PROPN
fbem-28715	457	12	/	/	SYM
fbem-28715	457	13	sars	sar	NOUN
fbem-28715	457	14	-	-	PUNCT
fbem-28715	457	15	cov-2	cov-2	NOUN
fbem-28715	457	16	)	)	PUNCT
fbem-28715	457	17	and	and	CCONJ
fbem-28715	457	18	supply	supply	NOUN
fbem-28715	457	19	chain	chain	NOUN
fbem-28715	457	20	resilience	resilience	NOUN
fbem-28715	457	21	:	:	PUNCT
fbem-28715	457	22	a	a	DET
fbem-28715	457	23	research	research	NOUN
fbem-28715	457	24	note	note	NOUN
fbem-28715	457	25	.	.	PUNCT
fbem-28715	458	1	international	international	ADJ
fbem-28715	458	2	journal	journal	NOUN
fbem-28715	458	3	of	of	ADP
fbem-28715	458	4	integrated	integrate	VERB
fbem-28715	458	5	supply	supply	NOUN
fbem-28715	458	6	management	management	NOUN
fbem-28715	458	7	.	.	PUNCT
fbem-28715	459	1	2020	2020	NUM
fbem-28715	459	2	;	;	PUNCT
fbem-28715	459	3	13(1):90	13(1):90	NUM
fbem-28715	459	4	-	-	SYM
fbem-28715	459	5	102	102	NUM
fbem-28715	459	6	.	.	PUNCT
fbem-28715	460	1	[	[	X
fbem-28715	460	2	40	40	NUM
fbem-28715	460	3	]	]	PUNCT
fbem-28715	460	4	chowdhury	chowdhury	PROPN
fbem-28715	460	5	mmh	mmh	PROPN
fbem-28715	460	6	,	,	PUNCT
fbem-28715	460	7	quaddus	quaddus	PROPN
fbem-28715	460	8	m	m	PROPN
fbem-28715	460	9	,	,	PUNCT
fbem-28715	460	10	agarwal	agarwal	PROPN
fbem-28715	460	11	r.	r.	PROPN
fbem-28715	460	12	supply	supply	PROPN
fbem-28715	460	13	chain	chain	NOUN
fbem-28715	460	14	resilience	resilience	NOUN
fbem-28715	460	15	for	for	ADP
fbem-28715	460	16	performance	performance	NOUN
fbem-28715	460	17	:	:	PUNCT
fbem-28715	460	18	role	role	NOUN
fbem-28715	460	19	of	of	ADP
fbem-28715	460	20	relational	relational	ADJ
fbem-28715	460	21	practices	practice	NOUN
fbem-28715	460	22	and	and	CCONJ
fbem-28715	460	23	network	network	NOUN
fbem-28715	460	24	complexities	complexity	NOUN
fbem-28715	460	25	.	.	PUNCT
fbem-28715	461	1	supply	supply	NOUN
fbem-28715	461	2	chain	chain	NOUN
fbem-28715	461	3	management	management	NOUN
fbem-28715	461	4	:	:	PUNCT
fbem-28715	461	5	an	an	DET
fbem-28715	461	6	international	international	ADJ
fbem-28715	461	7	journal	journal	NOUN
fbem-28715	461	8	.	.	PUNCT
fbem-28715	462	1	2019	2019	NUM
fbem-28715	462	2	;	;	PUNCT
fbem-28715	462	3	24(5):659	24(5):659	NUM
fbem-28715	462	4	-	-	SYM
fbem-28715	462	5	76	76	NUM
fbem-28715	462	6	.	.	PUNCT
fbem-28715	463	1	[	[	X
fbem-28715	463	2	41	41	NUM
fbem-28715	463	3	]	]	X
fbem-28715	463	4	kwak	kwak	PROPN
fbem-28715	463	5	k	k	PROPN
fbem-28715	463	6	,	,	PUNCT
fbem-28715	463	7	kim	kim	PROPN
fbem-28715	463	8	n.	n.	PROPN
fbem-28715	463	9	concentrate	concentrate	VERB
fbem-28715	463	10	or	or	CCONJ
fbem-28715	463	11	disperse	disperse	VERB
fbem-28715	463	12	?	?	PUNCT
fbem-28715	464	1	the	the	DET
fbem-28715	464	2	relationship	relationship	NOUN
fbem-28715	464	3	between	between	ADP
fbem-28715	464	4	major	major	ADJ
fbem-28715	464	5	customer	customer	NOUN
fbem-28715	464	6	concentration	concentration	NOUN
fbem-28715	464	7	and	and	CCONJ
fbem-28715	464	8	supplier	supplier	VERB
fbem-28715	464	9	486	486	NUM
fbem-28715	464	10	profitability	profitability	NOUN
fbem-28715	464	11	and	and	CCONJ
fbem-28715	464	12	the	the	DET
fbem-28715	464	13	moderating	moderate	VERB
fbem-28715	464	14	role	role	NOUN
fbem-28715	464	15	of	of	ADP
fbem-28715	464	16	insider	insider	NOUN
fbem-28715	464	17	ownership	ownership	NOUN
fbem-28715	464	18	.	.	PUNCT
fbem-28715	465	1	journal	journal	PROPN
fbem-28715	465	2	of	of	ADP
fbem-28715	465	3	business	business	NOUN
fbem-28715	465	4	research	research	NOUN
fbem-28715	465	5	.	.	PUNCT
fbem-28715	466	1	2020	2020	NUM
fbem-28715	466	2	;	;	PUNCT
fbem-28715	466	3	109:648	109:648	X
fbem-28715	466	4	-	-	SYM
fbem-28715	466	5	58	58	NUM
fbem-28715	466	6	.	.	PUNCT
fbem-28715	467	1	[	[	X
fbem-28715	467	2	42	42	NUM
fbem-28715	467	3	]	]	PUNCT
fbem-28715	467	4	chod	chod	PROPN
fbem-28715	467	5	j	j	PROPN
fbem-28715	467	6	,	,	PUNCT
fbem-28715	467	7	lyandres	lyandre	NOUN
fbem-28715	467	8	e	e	PROPN
fbem-28715	467	9	,	,	PUNCT
fbem-28715	467	10	yang	yang	PROPN
fbem-28715	467	11	sa	sa	PROPN
fbem-28715	467	12	.	.	PUNCT
fbem-28715	467	13	trade	trade	NOUN
fbem-28715	467	14	credit	credit	NOUN
fbem-28715	467	15	and	and	CCONJ
fbem-28715	467	16	supplier	supplier	NOUN
fbem-28715	467	17	competition	competition	NOUN
fbem-28715	467	18	.	.	PUNCT
fbem-28715	468	1	journal	journal	NOUN
fbem-28715	468	2	of	of	ADP
fbem-28715	468	3	financial	financial	ADJ
fbem-28715	468	4	economics	economic	NOUN
fbem-28715	468	5	.	.	PUNCT
fbem-28715	469	1	2019	2019	NUM
fbem-28715	469	2	;	;	PUNCT
fbem-28715	469	3	131(2):484	131(2):484	NUM
fbem-28715	469	4	-	-	SYM
fbem-28715	469	5	505	505	NUM
fbem-28715	469	6	.	.	PUNCT
fbem-28715	470	1	[	[	X
fbem-28715	470	2	43	43	NUM
fbem-28715	470	3	]	]	X
fbem-28715	470	4	cheng	cheng	PROPN
fbem-28715	470	5	lt	lt	PROPN
fbem-28715	470	6	,	,	PUNCT
fbem-28715	470	7	poon	poon	NOUN
fbem-28715	470	8	js	js	PROPN
fbem-28715	470	9	,	,	PUNCT
fbem-28715	470	10	tang	tang	PROPN
fbem-28715	470	11	s	s	PROPN
fbem-28715	470	12	,	,	PUNCT
fbem-28715	470	13	wang	wang	PROPN
fbem-28715	470	14	jw	jw	PROPN
fbem-28715	470	15	.	.	PROPN
fbem-28715	470	16	does	do	VERB
fbem-28715	470	17	supplier	supplier	NOUN
fbem-28715	470	18	concentration	concentration	NOUN
fbem-28715	470	19	matter	matter	NOUN
fbem-28715	470	20	to	to	ADP
fbem-28715	470	21	investors	investor	NOUN
fbem-28715	470	22	during	during	ADP
fbem-28715	470	23	the	the	DET
fbem-28715	470	24	covid-19	covid-19	PROPN
fbem-28715	470	25	crisis	crisis	NOUN
fbem-28715	470	26	:	:	PUNCT
fbem-28715	470	27	evidence	evidence	NOUN
fbem-28715	470	28	from	from	ADP
fbem-28715	470	29	china	china	PROPN
fbem-28715	470	30	?	?	PUNCT
fbem-28715	471	1	financial	financial	ADJ
fbem-28715	471	2	innovation	innovation	NOUN
fbem-28715	471	3	.	.	PUNCT
fbem-28715	472	1	2022	2022	NUM
fbem-28715	472	2	;	;	PUNCT
fbem-28715	472	3	8(1):1	8(1):1	PROPN
fbem-28715	472	4	-	-	PUNCT
fbem-28715	472	5	28	28	NUM
fbem-28715	472	6	.	.	PUNCT
fbem-28715	473	1	[	[	X
fbem-28715	473	2	44	44	NUM
fbem-28715	473	3	]	]	X
fbem-28715	473	4	freeman	freeman	PROPN
fbem-28715	473	5	re	re	PROPN
fbem-28715	473	6	.	.	PUNCT
fbem-28715	473	7	strategic	strategic	ADJ
fbem-28715	473	8	management	management	NOUN
fbem-28715	473	9	:	:	PUNCT
fbem-28715	473	10	a	a	DET
fbem-28715	473	11	stakeholder	stakeholder	NOUN
fbem-28715	473	12	approach	approach	NOUN
fbem-28715	473	13	:	:	PUNCT
fbem-28715	473	14	cambridge	cambridge	PROPN
fbem-28715	473	15	university	university	PROPN
fbem-28715	473	16	press	press	NOUN
fbem-28715	473	17	;	;	PUNCT
fbem-28715	473	18	2010	2010	NUM
fbem-28715	473	19	.	.	PUNCT
fbem-28715	474	1	[	[	X
fbem-28715	474	2	45	45	NUM
fbem-28715	474	3	]	]	X
fbem-28715	474	4	freeman	freeman	PROPN
fbem-28715	474	5	re	re	PROPN
fbem-28715	474	6	,	,	PUNCT
fbem-28715	474	7	mcvea	mcvea	PROPN
fbem-28715	474	8	j.	j.	PROPN
fbem-28715	474	9	a	a	DET
fbem-28715	474	10	stakeholder	stakeholder	NOUN
fbem-28715	474	11	approach	approach	NOUN
fbem-28715	474	12	to	to	ADP
fbem-28715	474	13	strategic	strategic	ADJ
fbem-28715	474	14	management	management	NOUN
fbem-28715	474	15	.	.	PUNCT
fbem-28715	475	1	the	the	DET
fbem-28715	475	2	blackwell	blackwell	PROPN
fbem-28715	475	3	handbook	handbook	NOUN
fbem-28715	475	4	of	of	ADP
fbem-28715	475	5	strategic	strategic	ADJ
fbem-28715	475	6	management	management	NOUN
fbem-28715	475	7	.	.	PUNCT
fbem-28715	476	1	2005:183	2005:183	NUM
fbem-28715	476	2	-	-	PUNCT
fbem-28715	476	3	201	201	NUM
fbem-28715	476	4	.	.	PUNCT
fbem-28715	477	1	[	[	X
fbem-28715	477	2	46	46	NUM
fbem-28715	477	3	]	]	X
fbem-28715	477	4	freeman	freeman	PROPN
fbem-28715	477	5	re	re	PROPN
fbem-28715	477	6	,	,	PUNCT
fbem-28715	477	7	phillips	phillips	PROPN
fbem-28715	477	8	r	r	NOUN
fbem-28715	477	9	,	,	PUNCT
fbem-28715	477	10	sisodia	sisodia	PROPN
fbem-28715	477	11	r.	r.	PROPN
fbem-28715	477	12	tensions	tension	NOUN
fbem-28715	477	13	in	in	ADP
fbem-28715	477	14	stakeholder	stakeholder	NOUN
fbem-28715	477	15	theory	theory	NOUN
fbem-28715	477	16	.	.	PUNCT
fbem-28715	478	1	business	business	NOUN
fbem-28715	478	2	&	&	CCONJ
fbem-28715	478	3	society	society	NOUN
fbem-28715	478	4	.	.	PUNCT
fbem-28715	479	1	2020	2020	NUM
fbem-28715	479	2	;	;	PUNCT
fbem-28715	479	3	59(2):213	59(2):213	NUM
fbem-28715	479	4	-	-	SYM
fbem-28715	479	5	31	31	NUM
fbem-28715	479	6	.	.	PUNCT
fbem-28715	480	1	[	[	X
fbem-28715	480	2	47	47	NUM
fbem-28715	480	3	]	]	PUNCT
fbem-28715	480	4	pfeffer	pfeffer	PROPN
fbem-28715	480	5	j	j	PROPN
fbem-28715	480	6	,	,	PUNCT
fbem-28715	480	7	salancik	salancik	VERB
fbem-28715	480	8	g.	g.	PROPN
fbem-28715	480	9	external	external	PROPN
fbem-28715	480	10	control	control	NOUN
fbem-28715	480	11	of	of	ADP
fbem-28715	480	12	organizations	organization	NOUN
fbem-28715	480	13	—	—	PUNCT
fbem-28715	480	14	resource	resource	NOUN
fbem-28715	480	15	dependence	dependence	NOUN
fbem-28715	480	16	perspective	perspective	NOUN
fbem-28715	480	17	.	.	PUNCT
fbem-28715	481	1	organizational	organizational	ADJ
fbem-28715	481	2	behavior	behavior	NOUN
fbem-28715	481	3	2	2	NUM
fbem-28715	481	4	:	:	PUNCT
fbem-28715	481	5	routledge	routledge	NOUN
fbem-28715	481	6	;	;	PUNCT
fbem-28715	481	7	1978	1978	NUM
fbem-28715	481	8	.	.	PUNCT
fbem-28715	482	1	p.	p.	NOUN
fbem-28715	482	2	373	373	NUM
fbem-28715	482	3	-	-	SYM
fbem-28715	482	4	88	88	NUM
fbem-28715	482	5	.	.	PUNCT
fbem-28715	483	1	[	[	X
fbem-28715	483	2	48	48	NUM
fbem-28715	483	3	]	]	X
fbem-28715	483	4	hillman	hillman	PROPN
fbem-28715	483	5	aj	aj	PROPN
fbem-28715	483	6	,	,	PUNCT
fbem-28715	483	7	withers	withers	PROPN
fbem-28715	483	8	mc	mc	PROPN
fbem-28715	483	9	,	,	PUNCT
fbem-28715	483	10	collins	collins	PROPN
fbem-28715	483	11	bj	bj	PROPN
fbem-28715	483	12	.	.	PUNCT
fbem-28715	483	13	resource	resource	NOUN
fbem-28715	483	14	dependence	dependence	NOUN
fbem-28715	483	15	theory	theory	NOUN
fbem-28715	483	16	:	:	PUNCT
fbem-28715	483	17	a	a	DET
fbem-28715	483	18	review	review	NOUN
fbem-28715	483	19	.	.	PUNCT
fbem-28715	484	1	journal	journal	PROPN
fbem-28715	484	2	of	of	ADP
fbem-28715	484	3	management	management	NOUN
fbem-28715	484	4	.	.	PUNCT
fbem-28715	485	1	2009	2009	NUM
fbem-28715	485	2	;	;	PUNCT
fbem-28715	486	1	35(6):140427	35(6):140427	NUM
fbem-28715	486	2	.	.	PUNCT
fbem-28715	487	1	[	[	X
fbem-28715	487	2	49	49	NUM
fbem-28715	487	3	]	]	PUNCT
fbem-28715	487	4	pfeffer	pfeffer	PROPN
fbem-28715	487	5	j.	j.	PROPN
fbem-28715	487	6	beyond	beyond	ADP
fbem-28715	487	7	management	management	NOUN
fbem-28715	487	8	and	and	CCONJ
fbem-28715	487	9	the	the	DET
fbem-28715	487	10	worker	worker	NOUN
fbem-28715	487	11	:	:	PUNCT
fbem-28715	487	12	the	the	DET
fbem-28715	487	13	institutional	institutional	ADJ
fbem-28715	487	14	function	function	NOUN
fbem-28715	487	15	of	of	ADP
fbem-28715	487	16	management	management	NOUN
fbem-28715	487	17	.	.	PUNCT
fbem-28715	488	1	academy	academy	PROPN
fbem-28715	488	2	of	of	ADP
fbem-28715	488	3	management	management	PROPN
fbem-28715	488	4	review	review	NOUN
fbem-28715	488	5	.	.	PUNCT
fbem-28715	489	1	1976	1976	NUM
fbem-28715	489	2	,	,	PUNCT
fbem-28715	489	3	p39	p39	ADV
fbem-28715	489	4	;	;	PUNCT
fbem-28715	489	5	1(2):36	1(2):36	NUM
fbem-28715	489	6	-	-	SYM
fbem-28715	489	7	46	46	NUM
fbem-28715	489	8	.	.	PUNCT
fbem-28715	490	1	[	[	X
fbem-28715	490	2	50	50	NUM
fbem-28715	490	3	]	]	PUNCT
fbem-28715	490	4	park	park	NOUN
fbem-28715	490	5	sr	sr	PROPN
fbem-28715	490	6	,	,	PUNCT
fbem-28715	490	7	jang	jang	PROPN
fbem-28715	490	8	jy	jy	PROPN
fbem-28715	490	9	.	.	PUNCT
fbem-28715	491	1	the	the	DET
fbem-28715	491	2	impact	impact	NOUN
fbem-28715	491	3	of	of	ADP
fbem-28715	491	4	esg	esg	PROPN
fbem-28715	491	5	management	management	NOUN
fbem-28715	491	6	on	on	ADP
fbem-28715	491	7	investment	investment	NOUN
fbem-28715	491	8	decision	decision	NOUN
fbem-28715	491	9	:	:	PUNCT
fbem-28715	491	10	institutional	institutional	ADJ
fbem-28715	491	11	investors	investor	NOUN
fbem-28715	491	12	’	’	PART
fbem-28715	491	13	perceptions	perception	NOUN
fbem-28715	491	14	of	of	ADP
fbem-28715	491	15	country	country	NOUN
fbem-28715	491	16	-	-	PUNCT
fbem-28715	491	17	specific	specific	ADJ
fbem-28715	491	18	esg	esg	NOUN
fbem-28715	491	19	criteria	criterion	NOUN
fbem-28715	491	20	.	.	PUNCT
fbem-28715	492	1	international	international	ADJ
fbem-28715	492	2	journal	journal	PROPN
fbem-28715	492	3	of	of	ADP
fbem-28715	492	4	financial	financial	ADJ
fbem-28715	492	5	studies	study	NOUN
fbem-28715	492	6	.	.	PUNCT
fbem-28715	493	1	2021	2021	NUM
fbem-28715	493	2	;	;	PUNCT
fbem-28715	494	1	9(3):48	9(3):48	NOUN
fbem-28715	494	2	.	.	PUNCT
fbem-28715	495	1	[	[	X
fbem-28715	495	2	51	51	NUM
fbem-28715	495	3	]	]	X
fbem-28715	495	4	bai	bai	PROPN
fbem-28715	495	5	x	x	PROPN
fbem-28715	495	6	,	,	PUNCT
fbem-28715	495	7	han	han	PROPN
fbem-28715	495	8	j	j	PROPN
fbem-28715	495	9	,	,	PUNCT
fbem-28715	495	10	ma	ma	PROPN
fbem-28715	495	11	y	y	PROPN
fbem-28715	495	12	,	,	PUNCT
fbem-28715	495	13	zhang	zhang	PROPN
fbem-28715	495	14	w.	w.	PROPN
fbem-28715	495	15	esg	esg	PROPN
fbem-28715	495	16	performance	performance	NOUN
fbem-28715	495	17	,	,	PUNCT
fbem-28715	495	18	institutional	institutional	ADJ
fbem-28715	495	19	investors	investor	NOUN
fbem-28715	495	20	’	’	PART
fbem-28715	495	21	preference	preference	NOUN
fbem-28715	495	22	and	and	CCONJ
fbem-28715	495	23	financing	financing	NOUN
fbem-28715	495	24	constraints	constraint	NOUN
fbem-28715	495	25	:	:	PUNCT
fbem-28715	495	26	empirical	empirical	ADJ
fbem-28715	495	27	evidence	evidence	NOUN
fbem-28715	495	28	from	from	ADP
fbem-28715	495	29	china	china	PROPN
fbem-28715	495	30	.	.	PUNCT
fbem-28715	496	1	borsa	borsa	PROPN
fbem-28715	496	2	istanbul	istanbul	PROPN
fbem-28715	496	3	review	review	PROPN
fbem-28715	496	4	.	.	PUNCT
fbem-28715	497	1	2022	2022	NUM
fbem-28715	497	2	.	.	PUNCT
fbem-28715	498	1	[	[	X
fbem-28715	498	2	52	52	NUM
fbem-28715	498	3	]	]	PUNCT
fbem-28715	498	4	altaf	altaf	PROPN
fbem-28715	498	5	n	n	CCONJ
fbem-28715	498	6	,	,	PUNCT
fbem-28715	498	7	ahmad	ahmad	PROPN
fbem-28715	498	8	f.	f.	PROPN
fbem-28715	498	9	working	working	PROPN
fbem-28715	498	10	capital	capital	PROPN
fbem-28715	498	11	financing	financing	NOUN
fbem-28715	498	12	,	,	PUNCT
fbem-28715	498	13	firm	firm	ADJ
fbem-28715	498	14	performance	performance	NOUN
fbem-28715	498	15	and	and	CCONJ
fbem-28715	498	16	financial	financial	ADJ
fbem-28715	498	17	constraints	constraint	NOUN
fbem-28715	498	18	:	:	PUNCT
fbem-28715	498	19	empirical	empirical	ADJ
fbem-28715	498	20	evidence	evidence	NOUN
fbem-28715	498	21	from	from	ADP
fbem-28715	498	22	india	india	PROPN
fbem-28715	498	23	.	.	PUNCT
fbem-28715	499	1	international	international	ADJ
fbem-28715	499	2	journal	journal	PROPN
fbem-28715	499	3	of	of	ADP
fbem-28715	499	4	managerial	managerial	ADJ
fbem-28715	499	5	finance	finance	NOUN
fbem-28715	499	6	.	.	PUNCT
fbem-28715	500	1	2019	2019	NUM
fbem-28715	500	2	;	;	PUNCT
fbem-28715	500	3	15(4):464	15(4):464	NUM
fbem-28715	500	4	-	-	SYM
fbem-28715	500	5	77	77	NUM
fbem-28715	500	6	.	.	PUNCT
fbem-28715	501	1	[	[	X
fbem-28715	501	2	53	53	NUM
fbem-28715	501	3	]	]	X
fbem-28715	501	4	zhang	zhang	PROPN
fbem-28715	501	5	d	d	PROPN
fbem-28715	501	6	,	,	PUNCT
fbem-28715	501	7	liu	liu	PROPN
fbem-28715	501	8	l.	l.	PROPN
fbem-28715	501	9	does	do	AUX
fbem-28715	501	10	esg	esg	PROPN
fbem-28715	501	11	performance	performance	NOUN
fbem-28715	501	12	enhance	enhance	VERB
fbem-28715	501	13	financial	financial	ADJ
fbem-28715	501	14	flexibility	flexibility	NOUN
fbem-28715	501	15	?	?	PUNCT
fbem-28715	502	1	evidence	evidence	NOUN
fbem-28715	502	2	from	from	ADP
fbem-28715	502	3	china	china	PROPN
fbem-28715	502	4	.	.	PUNCT
fbem-28715	503	1	sustainability	sustainability	NOUN
fbem-28715	503	2	.	.	PUNCT
fbem-28715	504	1	2022	2022	NUM
fbem-28715	504	2	;	;	PUNCT
fbem-28715	504	3	14(18):11324	14(18):11324	NUM
fbem-28715	504	4	.	.	PUNCT
fbem-28715	505	1	[	[	X
fbem-28715	505	2	54	54	NUM
fbem-28715	505	3	]	]	PUNCT
fbem-28715	505	4	dichev	dichev	NOUN
fbem-28715	505	5	i	i	PROPN
fbem-28715	505	6	d	d	PROPN
fbem-28715	505	7	,	,	PUNCT
fbem-28715	505	8	tang	tang	PROPN
fbem-28715	505	9	vw	vw	PROPN
fbem-28715	505	10	.	.	PUNCT
fbem-28715	506	1	earnings	earning	NOUN
fbem-28715	506	2	volatility	volatility	NOUN
fbem-28715	506	3	and	and	CCONJ
fbem-28715	506	4	earnings	earning	NOUN
fbem-28715	506	5	predictability	predictability	NOUN
fbem-28715	506	6	.	.	PUNCT
fbem-28715	507	1	journal	journal	NOUN
fbem-28715	507	2	of	of	ADP
fbem-28715	507	3	accounting	accounting	NOUN
fbem-28715	507	4	and	and	CCONJ
fbem-28715	507	5	economics	economic	NOUN
fbem-28715	507	6	.	.	PUNCT
fbem-28715	508	1	2009	2009	NUM
fbem-28715	508	2	;	;	PUNCT
fbem-28715	508	3	47(1	47(1	NUM
fbem-28715	508	4	-	-	PUNCT
fbem-28715	508	5	2):160	2):160	NUM
fbem-28715	508	6	-	-	PUNCT
fbem-28715	508	7	81	81	NUM
fbem-28715	508	8	.	.	PUNCT
fbem-28715	509	1	[	[	X
fbem-28715	509	2	55	55	NUM
fbem-28715	509	3	]	]	X
fbem-28715	509	4	hunt	hunt	NOUN
fbem-28715	509	5	a	a	NOUN
fbem-28715	509	6	,	,	PUNCT
fbem-28715	509	7	moyer	moyer	PROPN
fbem-28715	509	8	s	s	PROPN
fbem-28715	509	9	,	,	PUNCT
fbem-28715	509	10	shevlin	shevlin	PROPN
fbem-28715	509	11	t.	t.	PROPN
fbem-28715	509	12	earnings	earning	NOUN
fbem-28715	509	13	volatility	volatility	NOUN
fbem-28715	509	14	,	,	PUNCT
fbem-28715	509	15	earnings	earning	NOUN
fbem-28715	509	16	management	management	NOUN
fbem-28715	509	17	,	,	PUNCT
fbem-28715	509	18	and	and	CCONJ
fbem-28715	509	19	equity	equity	NOUN
fbem-28715	509	20	value	value	NOUN
fbem-28715	509	21	.	.	PUNCT
fbem-28715	510	1	unpublished	unpublished	ADJ
fbem-28715	510	2	working	working	PROPN
fbem-28715	510	3	paper	paper	PROPN
fbem-28715	510	4	university	university	PROPN
fbem-28715	510	5	of	of	ADP
fbem-28715	510	6	washington	washington	PROPN
fbem-28715	510	7	.	.	PUNCT
fbem-28715	511	1	2000	2000	NUM
fbem-28715	511	2	.	.	PUNCT
fbem-28715	512	1	[	[	X
fbem-28715	512	2	56	56	NUM
fbem-28715	512	3	]	]	PUNCT
fbem-28715	512	4	zhengfei	zhengfei	PROPN
fbem-28715	512	5	l	l	PROPN
fbem-28715	512	6	,	,	PUNCT
fbem-28715	512	7	jie	jie	PROPN
fbem-28715	512	8	h	h	PROPN
fbem-28715	512	9	,	,	PUNCT
fbem-28715	512	10	huang	huang	PROPN
fbem-28715	512	11	d.	d.	PROPN
fbem-28715	512	12	who	who	PRON
fbem-28715	512	13	is	be	AUX
fbem-28715	512	14	more	more	ADV
fbem-28715	512	15	over	over	ADV
fbem-28715	512	16	-	-	PUNCT
fbem-28715	512	17	indebted	indebted	ADJ
fbem-28715	512	18	:	:	PUNCT
fbem-28715	512	19	stateowned	stateowne	VERB
fbem-28715	512	20	or	or	CCONJ
fbem-28715	512	21	non	non	ADJ
fbem-28715	512	22	-	-	ADJ
fbem-28715	512	23	state	state	NOUN
fbem-28715	512	24	-	-	PUNCT
fbem-28715	512	25	owned	own	VERB
fbem-28715	512	26	enterprises	enterprise	NOUN
fbem-28715	512	27	.	.	PUNCT
fbem-28715	513	1	financial	financial	ADJ
fbem-28715	513	2	research	research	NOUN
fbem-28715	513	3	journal	journal	NOUN
fbem-28715	513	4	.	.	PUNCT
fbem-28715	514	1	2015	2015	NUM
fbem-28715	514	2	;	;	PUNCT
fbem-28715	514	3	50(012):54	50(012):54	PROPN
fbem-28715	514	4	-	-	SYM
fbem-28715	514	5	67	67	NUM
fbem-28715	514	6	.	.	PUNCT
fbem-28715	515	1	[	[	X
fbem-28715	515	2	57	57	NUM
fbem-28715	515	3	]	]	X
fbem-28715	515	4	qian	qian	PROPN
fbem-28715	515	5	t	t	PROPN
fbem-28715	515	6	,	,	PUNCT
fbem-28715	515	7	yang	yang	PROPN
fbem-28715	515	8	c.	c.	PROPN
fbem-28715	515	9	state	state	PROPN
fbem-28715	515	10	-	-	PUNCT
fbem-28715	515	11	owned	own	VERB
fbem-28715	515	12	equity	equity	NOUN
fbem-28715	515	13	participation	participation	NOUN
fbem-28715	515	14	and	and	CCONJ
fbem-28715	515	15	corporations	corporation	NOUN
fbem-28715	515	16	’	'	PUNCT
fbem-28715	515	17	esg	esg	NOUN
fbem-28715	515	18	performance	performance	NOUN
fbem-28715	515	19	in	in	ADP
fbem-28715	515	20	china	china	PROPN
fbem-28715	515	21	:	:	PUNCT
fbem-28715	515	22	the	the	DET
fbem-28715	515	23	mediating	mediate	VERB
fbem-28715	515	24	role	role	NOUN
fbem-28715	515	25	of	of	ADP
fbem-28715	515	26	top	top	ADJ
fbem-28715	515	27	management	management	NOUN
fbem-28715	515	28	incentives	incentive	NOUN
fbem-28715	515	29	.	.	PUNCT
fbem-28715	516	1	sustainability	sustainability	NOUN
fbem-28715	516	2	.	.	PUNCT
fbem-28715	517	1	2023	2023	NUM
fbem-28715	517	2	;	;	PUNCT
fbem-28715	517	3	15(15):11507	15(15):11507	NUM
fbem-28715	517	4	.	.	PUNCT
fbem-28715	518	1	[	[	X
fbem-28715	518	2	58	58	NUM
fbem-28715	518	3	]	]	X
fbem-28715	518	4	lamont	lamont	PROPN
fbem-28715	518	5	o	o	PROPN
fbem-28715	518	6	,	,	PUNCT
fbem-28715	518	7	polk	polk	PROPN
fbem-28715	518	8	c	c	NOUN
fbem-28715	518	9	,	,	PUNCT
fbem-28715	518	10	saaá	saaá	VERB
fbem-28715	518	11	-	-	PUNCT
fbem-28715	518	12	requejo	requejo	ADJ
fbem-28715	518	13	j.	j.	PROPN
fbem-28715	518	14	financial	financial	ADJ
fbem-28715	518	15	constraints	constraint	NOUN
fbem-28715	518	16	and	and	CCONJ
fbem-28715	518	17	stock	stock	NOUN
fbem-28715	518	18	returns	return	NOUN
fbem-28715	518	19	.	.	PUNCT
fbem-28715	519	1	the	the	DET
fbem-28715	519	2	review	review	NOUN
fbem-28715	519	3	of	of	ADP
fbem-28715	519	4	financial	financial	ADJ
fbem-28715	519	5	studies	study	NOUN
fbem-28715	519	6	.	.	PUNCT
fbem-28715	519	7	2001	2001	NUM
fbem-28715	519	8	;	;	PUNCT
fbem-28715	519	9	14(2):52954	14(2):52954	NUM
fbem-28715	519	10	.	.	PUNCT
fbem-28715	520	1	[	[	X
fbem-28715	520	2	59	59	NUM
fbem-28715	520	3	]	]	PUNCT
fbem-28715	520	4	aouadi	aouadi	NOUN
fbem-28715	520	5	a	a	NOUN
fbem-28715	520	6	,	,	PUNCT
fbem-28715	520	7	marsat	marsat	PROPN
fbem-28715	520	8	s.	s.	PROPN
fbem-28715	520	9	do	do	VERB
fbem-28715	520	10	esg	esg	PROPN
fbem-28715	520	11	controversies	controversy	NOUN
fbem-28715	520	12	matter	matter	NOUN
fbem-28715	520	13	for	for	ADP
fbem-28715	520	14	firm	firm	ADJ
fbem-28715	520	15	value	value	NOUN
fbem-28715	520	16	?	?	PUNCT
fbem-28715	521	1	evidence	evidence	NOUN
fbem-28715	521	2	from	from	ADP
fbem-28715	521	3	international	international	ADJ
fbem-28715	521	4	data	datum	NOUN
fbem-28715	521	5	.	.	PUNCT
fbem-28715	522	1	journal	journal	PROPN
fbem-28715	522	2	of	of	ADP
fbem-28715	522	3	business	business	NOUN
fbem-28715	522	4	ethics	ethic	NOUN
fbem-28715	522	5	.	.	PUNCT
fbem-28715	523	1	2018	2018	NUM
fbem-28715	523	2	;	;	PUNCT
fbem-28715	523	3	151:1027	151:1027	NUM
fbem-28715	523	4	-	-	SYM
fbem-28715	523	5	47	47	NUM
fbem-28715	523	6	.	.	PUNCT
fbem-28715	524	1	[	[	X
fbem-28715	524	2	60	60	NUM
fbem-28715	524	3	]	]	X
fbem-28715	524	4	velte	velte	NOUN
fbem-28715	524	5	p.	p.	PROPN
fbem-28715	524	6	does	do	AUX
fbem-28715	524	7	esg	esg	PROPN
fbem-28715	524	8	performance	performance	NOUN
fbem-28715	524	9	have	have	VERB
fbem-28715	524	10	an	an	DET
fbem-28715	524	11	impact	impact	NOUN
fbem-28715	524	12	on	on	ADP
fbem-28715	524	13	financial	financial	ADJ
fbem-28715	524	14	performance	performance	NOUN
fbem-28715	524	15	?	?	PUNCT
fbem-28715	525	1	evidence	evidence	NOUN
fbem-28715	525	2	from	from	ADP
fbem-28715	525	3	germany	germany	PROPN
fbem-28715	525	4	.	.	PUNCT
fbem-28715	526	1	journal	journal	PROPN
fbem-28715	526	2	of	of	ADP
fbem-28715	526	3	global	global	ADJ
fbem-28715	526	4	responsibility	responsibility	NOUN
fbem-28715	526	5	.	.	PUNCT
fbem-28715	527	1	2017	2017	NUM
fbem-28715	527	2	;	;	PUNCT
fbem-28715	527	3	8(2):169	8(2):169	NUM
fbem-28715	527	4	-	-	SYM
fbem-28715	527	5	78	78	NUM
fbem-28715	527	6	.	.	PUNCT
fbem-28715	528	1	[	[	X
fbem-28715	528	2	61	61	NUM
fbem-28715	528	3	]	]	X
fbem-28715	528	4	fatemi	fatemi	PROPN
fbem-28715	528	5	a	a	PROPN
fbem-28715	528	6	,	,	PUNCT
fbem-28715	528	7	glaum	glaum	PROPN
fbem-28715	528	8	m	m	PROPN
fbem-28715	528	9	,	,	PUNCT
fbem-28715	528	10	kaiser	kaiser	PROPN
fbem-28715	528	11	s.	s.	PROPN
fbem-28715	528	12	esg	esg	PROPN
fbem-28715	528	13	performance	performance	NOUN
fbem-28715	528	14	and	and	CCONJ
fbem-28715	528	15	firm	firm	ADJ
fbem-28715	528	16	value	value	NOUN
fbem-28715	528	17	:	:	PUNCT
fbem-28715	528	18	the	the	DET
fbem-28715	528	19	moderating	moderate	VERB
fbem-28715	528	20	role	role	NOUN
fbem-28715	528	21	of	of	ADP
fbem-28715	528	22	disclosure	disclosure	NOUN
fbem-28715	528	23	.	.	PUNCT
fbem-28715	529	1	global	global	ADJ
fbem-28715	529	2	finance	finance	PROPN
fbem-28715	529	3	journal	journal	NOUN
fbem-28715	529	4	.	.	PUNCT
fbem-28715	530	1	2018	2018	NUM
fbem-28715	530	2	;	;	PUNCT
fbem-28715	530	3	38:45	38:45	NUM
fbem-28715	530	4	-	-	SYM
fbem-28715	530	5	64	64	NUM
fbem-28715	530	6	.	.	PUNCT
fbem-28715	531	1	[	[	X
fbem-28715	531	2	62	62	NUM
fbem-28715	531	3	]	]	X
fbem-28715	531	4	li	li	PROPN
fbem-28715	531	5	y	y	PROPN
fbem-28715	531	6	,	,	PUNCT
fbem-28715	531	7	gong	gong	PROPN
fbem-28715	531	8	m	m	PROPN
fbem-28715	531	9	,	,	PUNCT
fbem-28715	531	10	zhang	zhang	PROPN
fbem-28715	531	11	x	x	PROPN
fbem-28715	531	12	-	-	PROPN
fbem-28715	531	13	y	y	PROPN
fbem-28715	531	14	,	,	PUNCT
fbem-28715	531	15	koh	koh	PROPN
fbem-28715	531	16	l.	l.	PROPN
fbem-28715	531	17	the	the	DET
fbem-28715	531	18	impact	impact	NOUN
fbem-28715	531	19	of	of	ADP
fbem-28715	531	20	environmental	environmental	ADJ
fbem-28715	531	21	,	,	PUNCT
fbem-28715	531	22	social	social	ADJ
fbem-28715	531	23	,	,	PUNCT
fbem-28715	531	24	and	and	CCONJ
fbem-28715	531	25	governance	governance	NOUN
fbem-28715	531	26	disclosure	disclosure	NOUN
fbem-28715	531	27	on	on	ADP
fbem-28715	531	28	firm	firm	ADJ
fbem-28715	531	29	value	value	NOUN
fbem-28715	531	30	:	:	PUNCT
fbem-28715	531	31	the	the	DET
fbem-28715	531	32	role	role	NOUN
fbem-28715	531	33	of	of	ADP
fbem-28715	531	34	ceo	ceo	NOUN
fbem-28715	531	35	power	power	NOUN
fbem-28715	531	36	.	.	PUNCT
fbem-28715	532	1	the	the	DET
fbem-28715	532	2	british	british	PROPN
fbem-28715	532	3	accounting	accounting	PROPN
fbem-28715	532	4	review	review	PROPN
fbem-28715	532	5	.	.	PUNCT
fbem-28715	533	1	2018	2018	NUM
fbem-28715	533	2	;	;	PUNCT
fbem-28715	533	3	50(1):60	50(1):60	NUM
fbem-28715	533	4	-	-	SYM
fbem-28715	533	5	75	75	NUM
fbem-28715	533	6	.	.	PUNCT
fbem-28715	534	1	[	[	X
fbem-28715	534	2	63	63	NUM
fbem-28715	534	3	]	]	SYM
fbem-28715	534	4	bătae	bătae	NOUN
fbem-28715	534	5	om	om	PROPN
fbem-28715	534	6	,	,	PUNCT
fbem-28715	534	7	dragomir	dragomir	ADJ
fbem-28715	534	8	vd	vd	NOUN
fbem-28715	534	9	,	,	PUNCT
fbem-28715	534	10	feleagă	feleagă	PROPN
fbem-28715	534	11	l.	l.	PROPN
fbem-28715	534	12	environmental	environmental	PROPN
fbem-28715	534	13	,	,	PUNCT
fbem-28715	534	14	social	social	ADJ
fbem-28715	534	15	,	,	PUNCT
fbem-28715	534	16	governance	governance	NOUN
fbem-28715	534	17	(	(	PUNCT
fbem-28715	534	18	esg	esg	PROPN
fbem-28715	534	19	)	)	PUNCT
fbem-28715	534	20	,	,	PUNCT
fbem-28715	534	21	and	and	CCONJ
fbem-28715	534	22	financial	financial	ADJ
fbem-28715	534	23	performance	performance	NOUN
fbem-28715	534	24	of	of	ADP
fbem-28715	534	25	european	european	ADJ
fbem-28715	534	26	banks	bank	NOUN
fbem-28715	534	27	.	.	PUNCT
fbem-28715	535	1	accounting	accounting	NOUN
fbem-28715	535	2	and	and	CCONJ
fbem-28715	535	3	management	management	NOUN
fbem-28715	535	4	information	information	NOUN
fbem-28715	535	5	systems	system	NOUN
fbem-28715	535	6	.	.	PUNCT
fbem-28715	536	1	2020	2020	NUM
fbem-28715	536	2	;	;	PUNCT
fbem-28715	536	3	19(3):480	19(3):480	ADV
fbem-28715	536	4	-	-	PUNCT
fbem-28715	536	5	501	501	NUM
fbem-28715	536	6	.	.	PUNCT
fbem-28715	537	1	[	[	X
fbem-28715	537	2	64	64	NUM
fbem-28715	537	3	]	]	PUNCT
fbem-28715	537	4	hair	hair	NOUN
fbem-28715	537	5	jf	jf	PROPN
fbem-28715	537	6	,	,	PUNCT
fbem-28715	537	7	ringle	ringle	PROPN
fbem-28715	537	8	cm	cm	PROPN
fbem-28715	537	9	,	,	PUNCT
fbem-28715	537	10	sarstedt	sarstedt	NOUN
fbem-28715	537	11	m.	m.	NOUN
fbem-28715	537	12	partial	partial	ADJ
fbem-28715	537	13	least	least	ADJ
fbem-28715	537	14	squares	square	VERB
fbem-28715	537	15	structural	structural	ADJ
fbem-28715	537	16	equation	equation	NOUN
fbem-28715	537	17	modeling	modeling	NOUN
fbem-28715	537	18	:	:	PUNCT
fbem-28715	537	19	rigorous	rigorous	ADJ
fbem-28715	537	20	applications	application	NOUN
fbem-28715	537	21	,	,	PUNCT
fbem-28715	537	22	better	well	ADJ
fbem-28715	537	23	results	result	NOUN
fbem-28715	537	24	and	and	CCONJ
fbem-28715	537	25	higher	high	ADJ
fbem-28715	537	26	acceptance	acceptance	NOUN
fbem-28715	537	27	.	.	PUNCT
fbem-28715	538	1	long	long	ADJ
fbem-28715	538	2	range	range	NOUN
fbem-28715	538	3	planning	planning	NOUN
fbem-28715	538	4	.	.	PUNCT
fbem-28715	539	1	2013	2013	NUM
fbem-28715	539	2	;	;	PUNCT
fbem-28715	539	3	46(1	46(1	X
fbem-28715	539	4	-	-	SYM
fbem-28715	539	5	2):1	2):1	NUM
fbem-28715	539	6	-	-	PUNCT
fbem-28715	539	7	12	12	NUM
fbem-28715	539	8	.	.	PUNCT
fbem-28715	540	1	[	[	X
fbem-28715	540	2	65	65	NUM
fbem-28715	540	3	]	]	X
fbem-28715	540	4	hair	hair	NOUN
fbem-28715	540	5	jf	jf	PROPN
fbem-28715	540	6	,	,	PUNCT
fbem-28715	540	7	black	black	PROPN
fbem-28715	540	8	wc	wc	PROPN
fbem-28715	540	9	,	,	PUNCT
fbem-28715	540	10	babin	babin	PROPN
fbem-28715	540	11	bj	bj	PROPN
fbem-28715	540	12	,	,	PUNCT
fbem-28715	540	13	anderson	anderson	PROPN
fbem-28715	540	14	re	re	PROPN
fbem-28715	540	15	,	,	PUNCT
fbem-28715	540	16	tatham	tatham	PROPN
fbem-28715	540	17	rl	rl	PROPN
fbem-28715	540	18	.	.	PROPN
fbem-28715	540	19	multivariate	multivariate	NOUN
fbem-28715	540	20	data	datum	NOUN
fbem-28715	540	21	analysis	analysis	NOUN
fbem-28715	540	22	(	(	PUNCT
fbem-28715	540	23	vol	vol	NOUN
fbem-28715	540	24	.	.	NOUN
fbem-28715	540	25	6	6	NUM
fbem-28715	540	26	)	)	PUNCT
fbem-28715	540	27	.	.	PUNCT
fbem-28715	541	1	2006	2006	NUM
fbem-28715	541	2	.	.	PUNCT
fbem-28715	542	1	[	[	X
fbem-28715	542	2	66	66	NUM
fbem-28715	542	3	]	]	PUNCT
fbem-28715	542	4	hausman	hausman	PROPN
fbem-28715	542	5	ja	ja	PROPN
fbem-28715	542	6	.	.	PROPN
fbem-28715	542	7	specification	specification	NOUN
fbem-28715	542	8	tests	test	NOUN
fbem-28715	542	9	in	in	ADP
fbem-28715	542	10	econometrics	econometric	NOUN
fbem-28715	542	11	.	.	PUNCT
fbem-28715	543	1	econometrica	econometrica	PROPN
fbem-28715	543	2	:	:	PUNCT
fbem-28715	543	3	journal	journal	NOUN
fbem-28715	543	4	of	of	ADP
fbem-28715	543	5	the	the	DET
fbem-28715	543	6	econometric	econometric	ADJ
fbem-28715	543	7	society	society	NOUN
fbem-28715	543	8	.	.	PUNCT
fbem-28715	544	1	1978:125171	1978:125171	X
fbem-28715	544	2	.	.	PUNCT
fbem-28715	545	1	[	[	X
fbem-28715	545	2	67	67	NUM
fbem-28715	545	3	]	]	SYM
fbem-28715	545	4	hu	hu	PROPN
fbem-28715	545	5	x	x	PROPN
fbem-28715	545	6	,	,	PUNCT
fbem-28715	545	7	editor	editor	NOUN
fbem-28715	545	8	esg	esg	PROPN
fbem-28715	545	9	and	and	CCONJ
fbem-28715	545	10	financial	financial	ADJ
fbem-28715	545	11	constraints	constraint	NOUN
fbem-28715	545	12	.	.	PUNCT
fbem-28715	546	1	shs	shs	NOUN
fbem-28715	546	2	web	web	NOUN
fbem-28715	546	3	of	of	ADP
fbem-28715	546	4	conferences	conference	NOUN
fbem-28715	546	5	;	;	PUNCT
fbem-28715	546	6	2023	2023	NUM
fbem-28715	546	7	:	:	PUNCT
fbem-28715	546	8	edp	edp	PROPN
fbem-28715	546	9	sciences	science	NOUN
fbem-28715	546	10	.	.	PUNCT
fbem-28715	547	1	[	[	X
fbem-28715	547	2	68	68	NUM
fbem-28715	547	3	]	]	X
fbem-28715	547	4	zhang	zhang	PROPN
fbem-28715	547	5	d	d	PROPN
fbem-28715	547	6	,	,	PUNCT
fbem-28715	547	7	wang	wang	PROPN
fbem-28715	547	8	c	c	PROPN
fbem-28715	547	9	,	,	PUNCT
fbem-28715	547	10	dong	dong	PROPN
fbem-28715	547	11	y.	y.	PROPN
fbem-28715	548	1	how	how	SCONJ
fbem-28715	548	2	does	do	AUX
fbem-28715	548	3	firm	firm	PROPN
fbem-28715	548	4	esg	esg	PROPN
fbem-28715	548	5	performance	performance	NOUN
fbem-28715	548	6	impact	impact	NOUN
fbem-28715	548	7	financial	financial	ADJ
fbem-28715	548	8	constraints	constraint	NOUN
fbem-28715	548	9	?	?	PUNCT
fbem-28715	549	1	an	an	DET
fbem-28715	549	2	experimental	experimental	ADJ
fbem-28715	549	3	exploration	exploration	NOUN
fbem-28715	549	4	of	of	ADP
fbem-28715	549	5	the	the	DET
fbem-28715	549	6	covid-19	covid-19	PROPN
fbem-28715	549	7	pandemic	pandemic	NOUN
fbem-28715	549	8	.	.	PUNCT
fbem-28715	550	1	the	the	DET
fbem-28715	550	2	european	european	PROPN
fbem-28715	550	3	journal	journal	PROPN
fbem-28715	550	4	of	of	ADP
fbem-28715	550	5	development	development	NOUN
fbem-28715	550	6	research	research	NOUN
fbem-28715	550	7	.	.	PUNCT
fbem-28715	551	1	2023	2023	NUM
fbem-28715	551	2	;	;	PUNCT
fbem-28715	551	3	35(1):219	35(1):219	NUM
fbem-28715	551	4	-	-	SYM
fbem-28715	551	5	39	39	NUM
fbem-28715	551	6	.	.	PUNCT
fbem-28715	552	1	[	[	X
fbem-28715	552	2	69	69	NUM
fbem-28715	552	3	]	]	X
fbem-28715	552	4	guo	guo	PROPN
fbem-28715	552	5	x	x	X
fbem-28715	552	6	,	,	PUNCT
fbem-28715	552	7	li	li	PROPN
fbem-28715	552	8	s	s	PROPN
fbem-28715	552	9	,	,	PUNCT
fbem-28715	552	10	song	song	NOUN
fbem-28715	552	11	x	x	NOUN
fbem-28715	552	12	,	,	PUNCT
fbem-28715	552	13	tang	tang	PROPN
fbem-28715	552	14	z.	z.	PROPN
fbem-28715	552	15	esg	esg	PROPN
fbem-28715	552	16	,	,	PUNCT
fbem-28715	552	17	financial	financial	ADJ
fbem-28715	552	18	constraint	constraint	NOUN
fbem-28715	552	19	and	and	CCONJ
fbem-28715	552	20	financing	financing	NOUN
fbem-28715	552	21	activities	activity	NOUN
fbem-28715	552	22	:	:	PUNCT
fbem-28715	552	23	a	a	DET
fbem-28715	552	24	study	study	NOUN
fbem-28715	552	25	in	in	ADP
fbem-28715	552	26	the	the	DET
fbem-28715	552	27	chinese	chinese	ADJ
fbem-28715	552	28	market	market	NOUN
fbem-28715	552	29	.	.	PUNCT
fbem-28715	553	1	accounting	accounting	NOUN
fbem-28715	553	2	&	&	CCONJ
fbem-28715	553	3	finance	finance	NOUN
fbem-28715	553	4	.	.	PUNCT
fbem-28715	554	1	2024	2024	NUM
fbem-28715	554	2	;	;	PUNCT
fbem-28715	554	3	64(2):1637	64(2):1637	NUM
fbem-28715	554	4	-	-	SYM
fbem-28715	554	5	63	63	NUM
fbem-28715	554	6	.	.	PUNCT
fbem-28715	555	1	[	[	X
fbem-28715	555	2	70	70	NUM
fbem-28715	555	3	]	]	X
fbem-28715	555	4	li	li	PROPN
fbem-28715	555	5	n	n	PROPN
fbem-28715	555	6	,	,	PUNCT
fbem-28715	555	7	li	li	PROPN
fbem-28715	555	8	g	g	PROPN
fbem-28715	555	9	,	,	PUNCT
fbem-28715	555	10	xue	xue	PROPN
fbem-28715	555	11	j.	j.	PROPN
fbem-28715	555	12	does	do	AUX
fbem-28715	555	13	esg	esg	PROPN
fbem-28715	555	14	protect	protect	VERB
fbem-28715	555	15	firms	firm	NOUN
fbem-28715	555	16	equally	equally	ADV
fbem-28715	555	17	during	during	ADP
fbem-28715	555	18	crises	crisis	NOUN
fbem-28715	555	19	?	?	PUNCT
fbem-28715	556	1	the	the	DET
fbem-28715	556	2	role	role	NOUN
fbem-28715	556	3	of	of	ADP
fbem-28715	556	4	supply	supply	NOUN
fbem-28715	556	5	chain	chain	NOUN
fbem-28715	556	6	concentration	concentration	NOUN
fbem-28715	556	7	.	.	PUNCT
fbem-28715	557	1	omega	omega	NOUN
fbem-28715	557	2	.	.	PUNCT
fbem-28715	558	1	2025	2025	NUM
fbem-28715	558	2	;	;	PUNCT
fbem-28715	558	3	130:103171	130:103171	NUM
fbem-28715	558	4	.	.	PUNCT
fbem-28715	559	1	[	[	X
fbem-28715	559	2	71	71	NUM
fbem-28715	559	3	]	]	X
fbem-28715	559	4	baron	baron	PROPN
fbem-28715	559	5	rm	rm	PROPN
fbem-28715	559	6	,	,	PUNCT
fbem-28715	559	7	kenny	kenny	PROPN
fbem-28715	559	8	da	da	PROPN
fbem-28715	559	9	.	.	PUNCT
fbem-28715	560	1	the	the	DET
fbem-28715	560	2	moderator	moderator	NOUN
fbem-28715	560	3	–	–	PUNCT
fbem-28715	560	4	mediator	mediator	NOUN
fbem-28715	560	5	variable	variable	ADJ
fbem-28715	560	6	distinction	distinction	NOUN
fbem-28715	560	7	in	in	ADP
fbem-28715	560	8	social	social	ADJ
fbem-28715	560	9	psychological	psychological	ADJ
fbem-28715	560	10	research	research	NOUN
fbem-28715	560	11	:	:	PUNCT
fbem-28715	560	12	conceptual	conceptual	ADJ
fbem-28715	560	13	,	,	PUNCT
fbem-28715	560	14	strategic	strategic	ADJ
fbem-28715	560	15	,	,	PUNCT
fbem-28715	560	16	and	and	CCONJ
fbem-28715	560	17	statistical	statistical	ADJ
fbem-28715	560	18	considerations	consideration	NOUN
fbem-28715	560	19	.	.	PUNCT
fbem-28715	561	1	journal	journal	NOUN
fbem-28715	561	2	of	of	ADP
fbem-28715	561	3	personality	personality	NOUN
fbem-28715	561	4	and	and	CCONJ
fbem-28715	561	5	social	social	ADJ
fbem-28715	561	6	psychology	psychology	NOUN
fbem-28715	561	7	.	.	PUNCT
fbem-28715	562	1	1986	1986	NUM
fbem-28715	562	2	;	;	PUNCT
fbem-28715	563	1	51(6):1173	51(6):1173	NUM
fbem-28715	563	2	.	.	PUNCT
fbem-28715	564	1	[	[	X
fbem-28715	564	2	72	72	NUM
fbem-28715	564	3	]	]	X
fbem-28715	564	4	tang	tang	PROPN
fbem-28715	564	5	h.	h.	PROPN
fbem-28715	565	1	the	the	DET
fbem-28715	565	2	effect	effect	NOUN
fbem-28715	565	3	of	of	ADP
fbem-28715	565	4	esg	esg	PROPN
fbem-28715	565	5	performance	performance	NOUN
fbem-28715	565	6	on	on	ADP
fbem-28715	565	7	corporate	corporate	ADJ
fbem-28715	565	8	innovation	innovation	NOUN
fbem-28715	565	9	in	in	ADP
fbem-28715	565	10	china	china	PROPN
fbem-28715	565	11	:	:	PUNCT
fbem-28715	565	12	the	the	DET
fbem-28715	565	13	mediating	mediate	VERB
fbem-28715	565	14	role	role	NOUN
fbem-28715	565	15	of	of	ADP
fbem-28715	565	16	financial	financial	ADJ
fbem-28715	565	17	constraints	constraint	NOUN
fbem-28715	565	18	and	and	CCONJ
fbem-28715	565	19	agency	agency	NOUN
fbem-28715	565	20	cost	cost	NOUN
fbem-28715	565	21	.	.	PUNCT
fbem-28715	566	1	sustainability	sustainability	NOUN
fbem-28715	566	2	.	.	PUNCT
fbem-28715	567	1	2022	2022	NUM
fbem-28715	567	2	;	;	PUNCT
fbem-28715	567	3	14(7):3769	14(7):3769	NUM
fbem-28715	567	4	.	.	PUNCT
fbem-28715	568	1	[	[	X
fbem-28715	568	2	73	73	NUM
fbem-28715	568	3	]	]	X
fbem-28715	568	4	tan	tan	PROPN
fbem-28715	568	5	y	y	PROPN
fbem-28715	568	6	,	,	PUNCT
fbem-28715	568	7	zhu	zhu	PROPN
fbem-28715	568	8	z.	z.	PROPN
fbem-28715	569	1	the	the	DET
fbem-28715	569	2	effect	effect	NOUN
fbem-28715	569	3	of	of	ADP
fbem-28715	569	4	esg	esg	NOUN
fbem-28715	569	5	rating	rating	NOUN
fbem-28715	569	6	events	event	NOUN
fbem-28715	569	7	on	on	ADP
fbem-28715	569	8	corporate	corporate	ADJ
fbem-28715	569	9	green	green	ADJ
fbem-28715	569	10	innovation	innovation	NOUN
fbem-28715	569	11	in	in	ADP
fbem-28715	569	12	china	china	PROPN
fbem-28715	569	13	:	:	PUNCT
fbem-28715	569	14	the	the	DET
fbem-28715	569	15	mediating	mediate	VERB
fbem-28715	569	16	role	role	NOUN
fbem-28715	569	17	of	of	ADP
fbem-28715	569	18	financial	financial	ADJ
fbem-28715	569	19	constraints	constraint	NOUN
fbem-28715	569	20	and	and	CCONJ
fbem-28715	569	21	managers	manager	NOUN
fbem-28715	569	22	'	'	PART
fbem-28715	569	23	environmental	environmental	ADJ
fbem-28715	569	24	awareness	awareness	NOUN
fbem-28715	569	25	.	.	PUNCT
fbem-28715	570	1	technology	technology	NOUN
fbem-28715	570	2	in	in	ADP
fbem-28715	570	3	society	society	NOUN
fbem-28715	570	4	.	.	PUNCT
fbem-28715	571	1	2022	2022	NUM
fbem-28715	571	2	;	;	PUNCT
fbem-28715	571	3	68:101906	68:101906	NUM
fbem-28715	571	4	.	.	PUNCT
fbem-28715	572	1	[	[	X
fbem-28715	572	2	74	74	NUM
fbem-28715	572	3	]	]	PUNCT
fbem-28715	572	4	shakil	shakil	PROPN
fbem-28715	572	5	mh	mh	PROPN
fbem-28715	572	6	.	.	PROPN
fbem-28715	572	7	environmental	environmental	PROPN
fbem-28715	572	8	,	,	PUNCT
fbem-28715	572	9	social	social	ADJ
fbem-28715	572	10	and	and	CCONJ
fbem-28715	572	11	governance	governance	NOUN
fbem-28715	572	12	performance	performance	NOUN
fbem-28715	572	13	and	and	CCONJ
fbem-28715	572	14	financial	financial	ADJ
fbem-28715	572	15	risk	risk	NOUN
fbem-28715	572	16	:	:	PUNCT
fbem-28715	572	17	moderating	moderate	VERB
fbem-28715	572	18	role	role	NOUN
fbem-28715	572	19	of	of	ADP
fbem-28715	572	20	esg	esg	PROPN
fbem-28715	572	21	controversies	controversy	NOUN
fbem-28715	572	22	and	and	CCONJ
fbem-28715	572	23	board	board	NOUN
fbem-28715	572	24	gender	gender	NOUN
fbem-28715	572	25	diversity	diversity	NOUN
fbem-28715	572	26	.	.	PUNCT
fbem-28715	573	1	resources	resource	NOUN
fbem-28715	573	2	policy	policy	NOUN
fbem-28715	573	3	.	.	PUNCT
fbem-28715	574	1	2021	2021	NUM
fbem-28715	574	2	;	;	PUNCT
fbem-28715	574	3	72:102144	72:102144	X
fbem-28715	574	4	.	.	PUNCT
fbem-28715	575	1	[	[	X
fbem-28715	575	2	75	75	NUM
fbem-28715	575	3	]	]	X
fbem-28715	575	4	li	li	PROPN
fbem-28715	575	5	s	s	PROPN
fbem-28715	575	6	,	,	PUNCT
fbem-28715	575	7	liu	liu	PROPN
fbem-28715	575	8	y	y	PROPN
fbem-28715	575	9	,	,	PUNCT
fbem-28715	575	10	xu	xu	PROPN
fbem-28715	576	1	y.	y.	PROPN
fbem-28715	576	2	does	do	AUX
fbem-28715	576	3	esg	esg	PROPN
fbem-28715	576	4	performance	performance	NOUN
fbem-28715	576	5	improve	improve	VERB
fbem-28715	576	6	the	the	DET
fbem-28715	576	7	quantity	quantity	NOUN
fbem-28715	576	8	and	and	CCONJ
fbem-28715	576	9	quality	quality	NOUN
fbem-28715	576	10	of	of	ADP
fbem-28715	576	11	innovation	innovation	NOUN
fbem-28715	576	12	?	?	PUNCT
fbem-28715	577	1	the	the	DET
fbem-28715	577	2	mediating	mediate	VERB
fbem-28715	577	3	role	role	NOUN
fbem-28715	577	4	of	of	ADP
fbem-28715	577	5	internal	internal	ADJ
fbem-28715	577	6	control	control	NOUN
fbem-28715	577	7	effectiveness	effectiveness	NOUN
fbem-28715	577	8	and	and	CCONJ
fbem-28715	577	9	analyst	analyst	NOUN
fbem-28715	577	10	coverage	coverage	NOUN
fbem-28715	577	11	.	.	PUNCT
fbem-28715	578	1	sustainability	sustainability	NOUN
fbem-28715	578	2	.	.	PUNCT
fbem-28715	579	1	2022	2022	NUM
fbem-28715	579	2	;	;	PUNCT
fbem-28715	579	3	15(1):104	15(1):104	NOUN
fbem-28715	579	4	.	.	PUNCT
fbem-28715	580	1	[	[	X
fbem-28715	580	2	76	76	NUM
fbem-28715	580	3	]	]	X
fbem-28715	580	4	wu	wu	PROPN
fbem-28715	580	5	s	s	PROPN
fbem-28715	580	6	,	,	PUNCT
fbem-28715	580	7	li	li	PROPN
fbem-28715	580	8	y.	y.	PROPN
fbem-28715	580	9	a	a	DET
fbem-28715	580	10	study	study	NOUN
fbem-28715	580	11	on	on	ADP
fbem-28715	580	12	the	the	DET
fbem-28715	580	13	impact	impact	NOUN
fbem-28715	580	14	of	of	ADP
fbem-28715	580	15	digital	digital	ADJ
fbem-28715	580	16	transformation	transformation	NOUN
fbem-28715	580	17	on	on	ADP
fbem-28715	580	18	corporate	corporate	ADJ
fbem-28715	580	19	esg	esg	NOUN
fbem-28715	580	20	performance	performance	NOUN
fbem-28715	580	21	:	:	PUNCT
fbem-28715	580	22	the	the	DET
fbem-28715	580	23	mediating	mediate	VERB
fbem-28715	580	24	role	role	NOUN
fbem-28715	580	25	of	of	ADP
fbem-28715	580	26	green	green	ADJ
fbem-28715	580	27	innovation	innovation	NOUN
fbem-28715	580	28	.	.	PUNCT
fbem-28715	581	1	sustainability	sustainability	NOUN
fbem-28715	581	2	.	.	PUNCT
fbem-28715	582	1	2023	2023	NUM
fbem-28715	582	2	;	;	PUNCT
fbem-28715	582	3	15(8):6568	15(8):6568	NUM
fbem-28715	582	4	.	.	PUNCT
fbem-28715	583	1	[	[	X
fbem-28715	583	2	77	77	NUM
fbem-28715	583	3	]	]	X
fbem-28715	583	4	he	he	PRON
fbem-28715	583	5	h	h	NOUN
fbem-28715	583	6	,	,	PUNCT
fbem-28715	583	7	zuo	zuo	PROPN
fbem-28715	583	8	z.	z.	PROPN
fbem-28715	583	9	supply	supply	PROPN
fbem-28715	583	10	chain	chain	NOUN
fbem-28715	583	11	concentration	concentration	NOUN
fbem-28715	583	12	and	and	CCONJ
fbem-28715	583	13	enterprise	enterprise	NOUN
fbem-28715	583	14	financialization	financialization	NOUN
fbem-28715	583	15	:	:	PUNCT
fbem-28715	583	16	evidence	evidence	NOUN
fbem-28715	583	17	from	from	ADP
fbem-28715	583	18	listed	list	VERB
fbem-28715	583	19	companies	company	NOUN
fbem-28715	583	20	in	in	ADP
fbem-28715	583	21	china	china	PROPN
fbem-28715	583	22	’s	’s	PART
fbem-28715	583	23	manufacturing	manufacturing	NOUN
fbem-28715	583	24	industry	industry	NOUN
fbem-28715	583	25	.	.	PUNCT
fbem-28715	584	1	plos	plos	PROPN
fbem-28715	584	2	one	one	NUM
fbem-28715	584	3	.	.	PUNCT
fbem-28715	584	4	2023	2023	NUM
fbem-28715	584	5	;	;	PUNCT
fbem-28715	584	6	18(5	18(5	NUM
fbem-28715	584	7	):	):	PUNCT
fbem-28715	584	8	e0285308	e0285308	NOUN
fbem-28715	584	9	.	.	PUNCT
fbem-28715	585	1	[	[	X
fbem-28715	585	2	78	78	NUM
fbem-28715	585	3	]	]	X
fbem-28715	585	4	liu	liu	PROPN
fbem-28715	585	5	l	l	PROPN
fbem-28715	585	6	,	,	PUNCT
fbem-28715	585	7	li	li	PROPN
fbem-28715	585	8	y.	y.	PROPN
fbem-28715	585	9	enterprise	enterprise	PROPN
fbem-28715	585	10	financialization	financialization	NOUN
fbem-28715	585	11	and	and	CCONJ
fbem-28715	585	12	stock	stock	NOUN
fbem-28715	585	13	price	price	NOUN
fbem-28715	585	14	crash	crash	NOUN
fbem-28715	585	15	risk	risk	NOUN
fbem-28715	585	16	.	.	PUNCT
fbem-28715	586	1	finance	finance	NOUN
fbem-28715	586	2	research	research	NOUN
fbem-28715	586	3	letters	letter	NOUN
fbem-28715	586	4	.	.	PUNCT
fbem-28715	587	1	2024	2024	NUM
fbem-28715	587	2	;	;	PUNCT
fbem-28715	587	3	60	60	NUM
fbem-28715	587	4	:	:	SYM
fbem-28715	587	5	104878	104878	NUM
fbem-28715	587	6	.	.	PUNCT