id	sid	tid	token	lemma	pos
fbem-29134	1	1	frontiers	frontier	NOUN
fbem-29134	1	2	in	in	ADP
fbem-29134	1	3	business	business	NOUN
fbem-29134	1	4	,	,	PUNCT
fbem-29134	1	5	economics	economic	NOUN
fbem-29134	1	6	and	and	CCONJ
fbem-29134	1	7	management	management	NOUN
fbem-29134	1	8	issn	issn	PROPN
fbem-29134	1	9	:	:	PUNCT
fbem-29134	1	10	2766	2766	NUM
fbem-29134	1	11	-	-	PUNCT
fbem-29134	1	12	824x	824x	NUM
fbem-29134	1	13	|	|	ADJ
fbem-29134	1	14	vol	vol	NOUN
fbem-29134	1	15	.	.	PROPN
fbem-29134	1	16	18	18	NUM
fbem-29134	1	17	,	,	PUNCT
fbem-29134	1	18	no	no	INTJ
fbem-29134	1	19	.	.	NOUN
fbem-29134	1	20	1	1	NUM
fbem-29134	1	21	,	,	PUNCT
fbem-29134	1	22	2025	2025	NUM
fbem-29134	1	23	29	29	NUM
fbem-29134	1	24	educational	educational	ADJ
fbem-29134	1	25	heterogeneity	heterogeneity	NOUN
fbem-29134	1	26	in	in	ADP
fbem-29134	1	27	executive	executive	ADJ
fbem-29134	1	28	teams	team	NOUN
fbem-29134	1	29	and	and	CCONJ
fbem-29134	1	30	ceo	ceo	NOUN
fbem-29134	1	31	power	power	NOUN
fbem-29134	1	32	:	:	PUNCT
fbem-29134	1	33	evidence	evidence	NOUN
fbem-29134	1	34	from	from	ADP
fbem-29134	1	35	chinese	chinese	ADJ
fbem-29134	1	36	listed	list	VERB
fbem-29134	1	37	companies	company	NOUN
fbem-29134	1	38	zhi	zhi	PROPN
fbem-29134	1	39	wang	wang	PROPN
fbem-29134	1	40	school	school	PROPN
fbem-29134	1	41	of	of	ADP
fbem-29134	1	42	business	business	NOUN
fbem-29134	1	43	,	,	PUNCT
fbem-29134	1	44	east	east	PROPN
fbem-29134	1	45	china	china	PROPN
fbem-29134	1	46	university	university	PROPN
fbem-29134	1	47	of	of	ADP
fbem-29134	1	48	political	political	ADJ
fbem-29134	1	49	science	science	NOUN
fbem-29134	1	50	and	and	CCONJ
fbem-29134	1	51	law	law	NOUN
fbem-29134	1	52	,	,	PUNCT
fbem-29134	1	53	shanghai	shanghai	PROPN
fbem-29134	1	54	201620	201620	NUM
fbem-29134	1	55	,	,	PUNCT
fbem-29134	1	56	china	china	PROPN
fbem-29134	1	57	abstract	abstract	NOUN
fbem-29134	1	58	:	:	PUNCT
fbem-29134	1	59	this	this	DET
fbem-29134	1	60	study	study	NOUN
fbem-29134	1	61	examines	examine	VERB
fbem-29134	1	62	the	the	DET
fbem-29134	1	63	relationship	relationship	NOUN
fbem-29134	1	64	between	between	ADP
fbem-29134	1	65	the	the	DET
fbem-29134	1	66	educational	educational	ADJ
fbem-29134	1	67	heterogeneity	heterogeneity	NOUN
fbem-29134	1	68	of	of	ADP
fbem-29134	1	69	executive	executive	ADJ
fbem-29134	1	70	teams	team	NOUN
fbem-29134	1	71	and	and	CCONJ
fbem-29134	1	72	ceo	ceo	NOUN
fbem-29134	1	73	power	power	NOUN
fbem-29134	1	74	using	use	VERB
fbem-29134	1	75	data	datum	NOUN
fbem-29134	1	76	from	from	ADP
fbem-29134	1	77	480	480	NUM
fbem-29134	1	78	chinese	chinese	PROPN
fbem-29134	1	79	a	a	DET
fbem-29134	1	80	-	-	PUNCT
fbem-29134	1	81	share	share	NOUN
fbem-29134	1	82	listed	list	VERB
fbem-29134	1	83	companies	company	NOUN
fbem-29134	1	84	from	from	ADP
fbem-29134	1	85	2008	2008	NUM
fbem-29134	1	86	to	to	ADP
fbem-29134	1	87	2017	2017	NUM
fbem-29134	1	88	.	.	PUNCT
fbem-29134	2	1	the	the	DET
fbem-29134	2	2	findings	finding	NOUN
fbem-29134	2	3	reveal	reveal	VERB
fbem-29134	2	4	a	a	DET
fbem-29134	2	5	significant	significant	ADJ
fbem-29134	2	6	inverted	invert	VERB
fbem-29134	2	7	u	u	ADJ
fbem-29134	2	8	-	-	ADJ
fbem-29134	2	9	shaped	shape	VERB
fbem-29134	2	10	relationship	relationship	NOUN
fbem-29134	2	11	between	between	ADP
fbem-29134	2	12	educational	educational	ADJ
fbem-29134	2	13	heterogeneity	heterogeneity	NOUN
fbem-29134	2	14	in	in	ADP
fbem-29134	2	15	executive	executive	ADJ
fbem-29134	2	16	teams	team	NOUN
fbem-29134	2	17	and	and	CCONJ
fbem-29134	2	18	ceo	ceo	NOUN
fbem-29134	2	19	power	power	NOUN
fbem-29134	2	20	.	.	PUNCT
fbem-29134	3	1	keywords	keyword	NOUN
fbem-29134	3	2	:	:	PUNCT
fbem-29134	3	3	ceo	ceo	NOUN
fbem-29134	3	4	power	power	NOUN
fbem-29134	3	5	,	,	PUNCT
fbem-29134	3	6	educational	educational	ADJ
fbem-29134	3	7	heterogeneity	heterogeneity	NOUN
fbem-29134	3	8	,	,	PUNCT
fbem-29134	3	9	managerial	managerial	ADJ
fbem-29134	3	10	overconfidence	overconfidence	NOUN
fbem-29134	3	11	.	.	PUNCT
fbem-29134	4	1	1	1	X
fbem-29134	4	2	.	.	X
fbem-29134	4	3	introduction	introduction	NOUN
fbem-29134	4	4	with	with	ADP
fbem-29134	4	5	the	the	DET
fbem-29134	4	6	continuous	continuous	ADJ
fbem-29134	4	7	improvement	improvement	NOUN
fbem-29134	4	8	of	of	ADP
fbem-29134	4	9	information	information	NOUN
fbem-29134	4	10	disclosure	disclosure	NOUN
fbem-29134	4	11	in	in	ADP
fbem-29134	4	12	publicly	publicly	ADV
fbem-29134	4	13	listed	list	VERB
fbem-29134	4	14	companies	company	NOUN
fbem-29134	4	15	,	,	PUNCT
fbem-29134	4	16	corporate	corporate	ADJ
fbem-29134	4	17	internal	internal	ADJ
fbem-29134	4	18	data	datum	NOUN
fbem-29134	4	19	has	have	AUX
fbem-29134	4	20	become	become	VERB
fbem-29134	4	21	increasingly	increasingly	ADV
fbem-29134	4	22	accessible	accessible	ADJ
fbem-29134	4	23	for	for	ADP
fbem-29134	4	24	analysis	analysis	NOUN
fbem-29134	4	25	.	.	PUNCT
fbem-29134	5	1	investors	investor	NOUN
fbem-29134	5	2	now	now	ADV
fbem-29134	5	3	evaluate	evaluate	VERB
fbem-29134	5	4	a	a	DET
fbem-29134	5	5	company	company	NOUN
fbem-29134	5	6	's	's	PART
fbem-29134	5	7	value	value	NOUN
fbem-29134	5	8	from	from	ADP
fbem-29134	5	9	diverse	diverse	ADJ
fbem-29134	5	10	perspectives	perspective	NOUN
fbem-29134	5	11	,	,	PUNCT
fbem-29134	5	12	beyond	beyond	ADP
fbem-29134	5	13	mere	mere	ADJ
fbem-29134	5	14	financial	financial	ADJ
fbem-29134	5	15	performance	performance	NOUN
fbem-29134	5	16	.	.	PUNCT
fbem-29134	6	1	since	since	SCONJ
fbem-29134	6	2	the	the	DET
fbem-29134	6	3	proposal	proposal	NOUN
fbem-29134	6	4	of	of	ADP
fbem-29134	6	5	the	the	DET
fbem-29134	6	6	upper	upper	ADJ
fbem-29134	6	7	echelons	echelon	NOUN
fbem-29134	6	8	theory	theory	NOUN
fbem-29134	6	9	by	by	ADP
fbem-29134	6	10	hambrick	hambrick	NOUN
fbem-29134	6	11	and	and	CCONJ
fbem-29134	6	12	mason	mason	PROPN
fbem-29134	6	13	in	in	ADP
fbem-29134	6	14	1984	1984	NUM
fbem-29134	6	15	[	[	X
fbem-29134	6	16	1	1	NUM
fbem-29134	6	17	]	]	PUNCT
fbem-29134	6	18	,	,	PUNCT
fbem-29134	6	19	extensive	extensive	ADJ
fbem-29134	6	20	research	research	NOUN
fbem-29134	6	21	has	have	AUX
fbem-29134	6	22	explored	explore	VERB
fbem-29134	6	23	the	the	DET
fbem-29134	6	24	influence	influence	NOUN
fbem-29134	6	25	of	of	ADP
fbem-29134	6	26	managerial	managerial	ADJ
fbem-29134	6	27	characteristics	characteristic	NOUN
fbem-29134	6	28	on	on	ADP
fbem-29134	6	29	corporate	corporate	ADJ
fbem-29134	6	30	governance	governance	NOUN
fbem-29134	6	31	and	and	CCONJ
fbem-29134	6	32	investment	investment	NOUN
fbem-29134	6	33	decisions	decision	NOUN
fbem-29134	6	34	.	.	PUNCT
fbem-29134	7	1	these	these	DET
fbem-29134	7	2	studies	study	NOUN
fbem-29134	7	3	generally	generally	ADV
fbem-29134	7	4	fall	fall	VERB
fbem-29134	7	5	into	into	ADP
fbem-29134	7	6	three	three	NUM
fbem-29134	7	7	areas	area	NOUN
fbem-29134	7	8	:	:	PUNCT
fbem-29134	7	9	(	(	PUNCT
fbem-29134	7	10	1	1	X
fbem-29134	7	11	)	)	PUNCT
fbem-29134	7	12	the	the	DET
fbem-29134	7	13	relationship	relationship	NOUN
fbem-29134	7	14	between	between	ADP
fbem-29134	7	15	managerial	managerial	ADJ
fbem-29134	7	16	background	background	NOUN
fbem-29134	7	17	characteristics	characteristic	NOUN
fbem-29134	7	18	and	and	CCONJ
fbem-29134	7	19	corporate	corporate	ADJ
fbem-29134	7	20	governance	governance	NOUN
fbem-29134	7	21	and	and	CCONJ
fbem-29134	7	22	performance	performance	NOUN
fbem-29134	7	23	,	,	PUNCT
fbem-29134	7	24	(	(	PUNCT
fbem-29134	7	25	2	2	X
fbem-29134	7	26	)	)	PUNCT
fbem-29134	7	27	managerial	managerial	ADJ
fbem-29134	7	28	overconfidence	overconfidence	NOUN
fbem-29134	7	29	and	and	CCONJ
fbem-29134	7	30	its	its	PRON
fbem-29134	7	31	effects	effect	NOUN
fbem-29134	7	32	,	,	PUNCT
fbem-29134	7	33	and	and	CCONJ
fbem-29134	7	34	(	(	PUNCT
fbem-29134	7	35	3	3	X
fbem-29134	7	36	)	)	PUNCT
fbem-29134	7	37	managerial	managerial	ADJ
fbem-29134	7	38	heterogeneity	heterogeneity	NOUN
fbem-29134	7	39	and	and	CCONJ
fbem-29134	7	40	its	its	PRON
fbem-29134	7	41	implications	implication	NOUN
fbem-29134	7	42	.	.	PUNCT
fbem-29134	8	1	upper	upper	ADJ
fbem-29134	8	2	echelons	echelon	NOUN
fbem-29134	8	3	theory	theory	NOUN
fbem-29134	8	4	emphasizes	emphasize	VERB
fbem-29134	8	5	the	the	DET
fbem-29134	8	6	use	use	NOUN
fbem-29134	8	7	of	of	ADP
fbem-29134	8	8	demographic	demographic	ADJ
fbem-29134	8	9	traits	trait	NOUN
fbem-29134	8	10	to	to	PART
fbem-29134	8	11	represent	represent	VERB
fbem-29134	8	12	psychological	psychological	ADJ
fbem-29134	8	13	characteristics	characteristic	NOUN
fbem-29134	8	14	,	,	PUNCT
fbem-29134	8	15	providing	provide	VERB
fbem-29134	8	16	new	new	ADJ
fbem-29134	8	17	methodological	methodological	ADJ
fbem-29134	8	18	and	and	CCONJ
fbem-29134	8	19	practical	practical	ADJ
fbem-29134	8	20	directions	direction	NOUN
fbem-29134	8	21	for	for	ADP
fbem-29134	8	22	research	research	NOUN
fbem-29134	8	23	.	.	PUNCT
fbem-29134	9	1	among	among	ADP
fbem-29134	9	2	these	these	DET
fbem-29134	9	3	traits	trait	NOUN
fbem-29134	9	4	,	,	PUNCT
fbem-29134	9	5	ceo	ceo	NOUN
fbem-29134	9	6	behavior	behavior	NOUN
fbem-29134	9	7	significantly	significantly	ADV
fbem-29134	9	8	impacts	impact	VERB
fbem-29134	9	9	corporate	corporate	ADJ
fbem-29134	9	10	image	image	NOUN
fbem-29134	9	11	and	and	CCONJ
fbem-29134	9	12	development	development	NOUN
fbem-29134	9	13	.	.	PUNCT
fbem-29134	10	1	according	accord	VERB
fbem-29134	10	2	to	to	ADP
fbem-29134	10	3	the	the	DET
fbem-29134	10	4	rent	rent	NOUN
fbem-29134	10	5	-	-	PUNCT
fbem-29134	10	6	seeking	seek	VERB
fbem-29134	10	7	hypothesis	hypothesis	NOUN
fbem-29134	10	8	,	,	PUNCT
fbem-29134	10	9	ceos	ceos	PROPN
fbem-29134	10	10	may	may	AUX
fbem-29134	10	11	pursue	pursue	VERB
fbem-29134	10	12	short	short	ADJ
fbem-29134	10	13	-	-	PUNCT
fbem-29134	10	14	term	term	NOUN
fbem-29134	10	15	gains	gain	NOUN
fbem-29134	10	16	to	to	PART
fbem-29134	10	17	meet	meet	VERB
fbem-29134	10	18	external	external	ADJ
fbem-29134	10	19	expectations	expectation	NOUN
fbem-29134	10	20	,	,	PUNCT
fbem-29134	10	21	potentially	potentially	ADV
fbem-29134	10	22	compromising	compromise	VERB
fbem-29134	10	23	long	long	ADJ
fbem-29134	10	24	-	-	PUNCT
fbem-29134	10	25	term	term	NOUN
fbem-29134	10	26	corporate	corporate	ADJ
fbem-29134	10	27	value	value	NOUN
fbem-29134	10	28	[	[	X
fbem-29134	10	29	2	2	NUM
fbem-29134	10	30	]	]	PUNCT
fbem-29134	10	31	.	.	PUNCT
fbem-29134	11	1	this	this	PRON
fbem-29134	11	2	underscores	underscore	VERB
fbem-29134	11	3	the	the	DET
fbem-29134	11	4	critical	critical	ADJ
fbem-29134	11	5	role	role	NOUN
fbem-29134	11	6	of	of	ADP
fbem-29134	11	7	ceo	ceo	NOUN
fbem-29134	11	8	characteristics	characteristic	NOUN
fbem-29134	11	9	in	in	ADP
fbem-29134	11	10	shaping	shape	VERB
fbem-29134	11	11	investor	investor	NOUN
fbem-29134	11	12	decisions	decision	NOUN
fbem-29134	11	13	.	.	PUNCT
fbem-29134	12	1	however	however	ADV
fbem-29134	12	2	,	,	PUNCT
fbem-29134	12	3	the	the	DET
fbem-29134	12	4	operational	operational	ADJ
fbem-29134	12	5	dynamics	dynamic	NOUN
fbem-29134	12	6	of	of	ADP
fbem-29134	12	7	a	a	DET
fbem-29134	12	8	company	company	NOUN
fbem-29134	12	9	require	require	VERB
fbem-29134	12	10	the	the	DET
fbem-29134	12	11	collaboration	collaboration	NOUN
fbem-29134	12	12	of	of	ADP
fbem-29134	12	13	the	the	DET
fbem-29134	12	14	entire	entire	ADJ
fbem-29134	12	15	executive	executive	ADJ
fbem-29134	12	16	team	team	NOUN
fbem-29134	12	17	.	.	PUNCT
fbem-29134	13	1	this	this	DET
fbem-29134	13	2	study	study	NOUN
fbem-29134	13	3	aims	aim	VERB
fbem-29134	13	4	to	to	PART
fbem-29134	13	5	investigate	investigate	VERB
fbem-29134	13	6	the	the	DET
fbem-29134	13	7	impact	impact	NOUN
fbem-29134	13	8	of	of	ADP
fbem-29134	13	9	executive	executive	ADJ
fbem-29134	13	10	team	team	NOUN
fbem-29134	13	11	heterogeneity	heterogeneity	NOUN
fbem-29134	13	12	on	on	ADP
fbem-29134	13	13	ceo	ceo	NOUN
fbem-29134	13	14	power	power	NOUN
fbem-29134	13	15	,	,	PUNCT
fbem-29134	13	16	with	with	ADP
fbem-29134	13	17	a	a	DET
fbem-29134	13	18	particular	particular	ADJ
fbem-29134	13	19	focus	focus	NOUN
fbem-29134	13	20	on	on	ADP
fbem-29134	13	21	educational	educational	ADJ
fbem-29134	13	22	diversity	diversity	NOUN
fbem-29134	13	23	.	.	PUNCT
fbem-29134	14	1	2	2	X
fbem-29134	14	2	.	.	X
fbem-29134	14	3	literature	literature	NOUN
fbem-29134	14	4	review	review	PROPN
fbem-29134	14	5	research	research	NOUN
fbem-29134	14	6	on	on	ADP
fbem-29134	14	7	the	the	DET
fbem-29134	14	8	relationship	relationship	NOUN
fbem-29134	14	9	between	between	ADP
fbem-29134	14	10	ceos	ceos	NOUN
fbem-29134	14	11	and	and	CCONJ
fbem-29134	14	12	the	the	DET
fbem-29134	14	13	performance	performance	NOUN
fbem-29134	14	14	of	of	ADP
fbem-29134	14	15	publicly	publicly	ADV
fbem-29134	14	16	listed	list	VERB
fbem-29134	14	17	companies	company	NOUN
fbem-29134	14	18	has	have	VERB
fbem-29134	14	19	a	a	DET
fbem-29134	14	20	long	long	ADJ
fbem-29134	14	21	history	history	NOUN
fbem-29134	14	22	.	.	PUNCT
fbem-29134	15	1	for	for	ADP
fbem-29134	15	2	instance	instance	NOUN
fbem-29134	15	3	,	,	PUNCT
fbem-29134	15	4	benston	benston	NOUN
fbem-29134	15	5	(	(	PUNCT
fbem-29134	15	6	1985	1985	NUM
fbem-29134	15	7	)	)	PUNCT
fbem-29134	15	8	examined	examine	VERB
fbem-29134	15	9	the	the	DET
fbem-29134	15	10	correlation	correlation	NOUN
fbem-29134	15	11	between	between	ADP
fbem-29134	15	12	ceo	ceo	NOUN
fbem-29134	15	13	compensation	compensation	NOUN
fbem-29134	15	14	and	and	CCONJ
fbem-29134	15	15	corporate	corporate	ADJ
fbem-29134	15	16	performance	performance	NOUN
fbem-29134	15	17	[	[	X
fbem-29134	15	18	3	3	NUM
fbem-29134	15	19	]	]	PUNCT
fbem-29134	15	20	.	.	PUNCT
fbem-29134	16	1	building	build	VERB
fbem-29134	16	2	on	on	ADP
fbem-29134	16	3	benston	benston	NOUN
fbem-29134	16	4	’s	’s	PART
fbem-29134	16	5	findings	finding	NOUN
fbem-29134	16	6	,	,	PUNCT
fbem-29134	16	7	wang	wang	PROPN
fbem-29134	16	8	(	(	PUNCT
fbem-29134	16	9	1995	1995	NUM
fbem-29134	16	10	)	)	PUNCT
fbem-29134	16	11	proposed	propose	VERB
fbem-29134	16	12	that	that	SCONJ
fbem-29134	16	13	ceo	ceo	NOUN
fbem-29134	16	14	compensation	compensation	NOUN
fbem-29134	16	15	could	could	AUX
fbem-29134	16	16	serve	serve	VERB
fbem-29134	16	17	as	as	ADP
fbem-29134	16	18	a	a	DET
fbem-29134	16	19	tool	tool	NOUN
fbem-29134	16	20	to	to	PART
fbem-29134	16	21	motivate	motivate	VERB
fbem-29134	16	22	ceos	ceos	NOUN
fbem-29134	16	23	to	to	PART
fbem-29134	16	24	make	make	VERB
fbem-29134	16	25	decisions	decision	NOUN
fbem-29134	16	26	that	that	PRON
fbem-29134	16	27	benefit	benefit	VERB
fbem-29134	16	28	corporate	corporate	ADJ
fbem-29134	16	29	development	development	NOUN
fbem-29134	16	30	.	.	PUNCT
fbem-29134	17	1	furthermore	furthermore	ADV
fbem-29134	17	2	,	,	PUNCT
fbem-29134	17	3	adjusting	adjust	VERB
fbem-29134	17	4	ceo	ceo	NOUN
fbem-29134	17	5	compensation	compensation	NOUN
fbem-29134	17	6	was	be	AUX
fbem-29134	17	7	found	find	VERB
fbem-29134	17	8	to	to	PART
fbem-29134	17	9	effectively	effectively	ADV
fbem-29134	17	10	alleviate	alleviate	VERB
fbem-29134	17	11	conflicts	conflict	NOUN
fbem-29134	17	12	between	between	ADP
fbem-29134	17	13	ceos	ceos	NOUN
fbem-29134	17	14	and	and	CCONJ
fbem-29134	17	15	company	company	NOUN
fbem-29134	17	16	owners	owner	NOUN
fbem-29134	17	17	,	,	PUNCT
fbem-29134	17	18	thus	thus	ADV
fbem-29134	17	19	reducing	reduce	VERB
fbem-29134	17	20	agency	agency	NOUN
fbem-29134	17	21	costs	cost	NOUN
fbem-29134	17	22	[	[	X
fbem-29134	17	23	4	4	NUM
fbem-29134	17	24	]	]	PUNCT
fbem-29134	17	25	.	.	PUNCT
fbem-29134	18	1	with	with	ADP
fbem-29134	18	2	the	the	DET
fbem-29134	18	3	introduction	introduction	NOUN
fbem-29134	18	4	of	of	ADP
fbem-29134	18	5	the	the	DET
fbem-29134	18	6	upper	upper	ADJ
fbem-29134	18	7	echelons	echelon	NOUN
fbem-29134	18	8	theory	theory	NOUN
fbem-29134	18	9	,	,	PUNCT
fbem-29134	18	10	scholars	scholar	NOUN
fbem-29134	18	11	worldwide	worldwide	ADV
fbem-29134	18	12	began	begin	VERB
fbem-29134	18	13	to	to	PART
fbem-29134	18	14	focus	focus	VERB
fbem-29134	18	15	on	on	ADP
fbem-29134	18	16	the	the	DET
fbem-29134	18	17	abstract	abstract	ADJ
fbem-29134	18	18	personal	personal	ADJ
fbem-29134	18	19	characteristics	characteristic	NOUN
fbem-29134	18	20	of	of	ADP
fbem-29134	18	21	ceos	ceo	NOUN
fbem-29134	18	22	,	,	PUNCT
fbem-29134	18	23	analyzing	analyze	VERB
fbem-29134	18	24	how	how	SCONJ
fbem-29134	18	25	these	these	DET
fbem-29134	18	26	traits	trait	NOUN
fbem-29134	18	27	might	might	AUX
fbem-29134	18	28	influence	influence	VERB
fbem-29134	18	29	corporate	corporate	ADJ
fbem-29134	18	30	outcomes	outcome	NOUN
fbem-29134	18	31	.	.	PUNCT
fbem-29134	19	1	for	for	ADP
fbem-29134	19	2	example	example	NOUN
fbem-29134	19	3	,	,	PUNCT
fbem-29134	19	4	xu	xu	PROPN
fbem-29134	19	5	xiaoming	xiaoming	PROPN
fbem-29134	19	6	(	(	PUNCT
fbem-29134	19	7	2007	2007	NUM
fbem-29134	19	8	)	)	PUNCT
fbem-29134	19	9	constructed	construct	VERB
fbem-29134	19	10	a	a	DET
fbem-29134	19	11	model	model	NOUN
fbem-29134	19	12	linking	link	VERB
fbem-29134	19	13	ceo	ceo	NOUN
fbem-29134	19	14	tenure	tenure	NOUN
fbem-29134	19	15	with	with	ADP
fbem-29134	19	16	corporate	corporate	ADJ
fbem-29134	19	17	performance	performance	NOUN
fbem-29134	19	18	,	,	PUNCT
fbem-29134	19	19	concluding	conclude	VERB
fbem-29134	19	20	that	that	SCONJ
fbem-29134	19	21	in	in	ADP
fbem-29134	19	22	highly	highly	ADV
fbem-29134	19	23	marketoriented	marketoriente	VERB
fbem-29134	19	24	environments	environment	NOUN
fbem-29134	19	25	,	,	PUNCT
fbem-29134	19	26	a	a	DET
fbem-29134	19	27	significant	significant	ADJ
fbem-29134	19	28	non	non	ADJ
fbem-29134	19	29	-	-	ADJ
fbem-29134	19	30	linear	linear	ADJ
fbem-29134	19	31	negative	negative	ADJ
fbem-29134	19	32	relationship	relationship	NOUN
fbem-29134	19	33	exists	exist	VERB
fbem-29134	19	34	between	between	ADP
fbem-29134	19	35	the	the	DET
fbem-29134	19	36	two	two	NUM
fbem-29134	19	37	[	[	X
fbem-29134	19	38	5	5	NUM
fbem-29134	19	39	]	]	PUNCT
fbem-29134	19	40	.	.	PUNCT
fbem-29134	20	1	similarly	similarly	ADV
fbem-29134	20	2	,	,	PUNCT
fbem-29134	20	3	duan	duan	PROPN
fbem-29134	20	4	haiyan	haiyan	PROPN
fbem-29134	20	5	(	(	PUNCT
fbem-29134	20	6	2008	2008	NUM
fbem-29134	20	7	)	)	PUNCT
fbem-29134	20	8	found	find	VERB
fbem-29134	20	9	that	that	SCONJ
fbem-29134	20	10	the	the	DET
fbem-29134	20	11	human	human	ADJ
fbem-29134	20	12	capital	capital	NOUN
fbem-29134	20	13	characteristics	characteristic	NOUN
fbem-29134	20	14	of	of	ADP
fbem-29134	20	15	ceos	ceos	NOUN
fbem-29134	20	16	could	could	AUX
fbem-29134	20	17	affect	affect	VERB
fbem-29134	20	18	corporate	corporate	ADJ
fbem-29134	20	19	operations	operation	NOUN
fbem-29134	20	20	by	by	ADP
fbem-29134	20	21	influencing	influence	VERB
fbem-29134	20	22	ceo	ceo	NOUN
fbem-29134	20	23	compensation	compensation	NOUN
fbem-29134	20	24	[	[	X
fbem-29134	20	25	6	6	NUM
fbem-29134	20	26	]	]	PUNCT
fbem-29134	20	27	.	.	PUNCT
fbem-29134	21	1	subsequent	subsequent	ADJ
fbem-29134	21	2	studies	study	NOUN
fbem-29134	21	3	have	have	AUX
fbem-29134	21	4	examined	examine	VERB
fbem-29134	21	5	the	the	DET
fbem-29134	21	6	impact	impact	NOUN
fbem-29134	21	7	of	of	ADP
fbem-29134	21	8	various	various	ADJ
fbem-29134	21	9	ceo	ceo	NOUN
fbem-29134	21	10	traits	trait	NOUN
fbem-29134	21	11	,	,	PUNCT
fbem-29134	21	12	such	such	ADJ
fbem-29134	21	13	as	as	ADP
fbem-29134	21	14	educational	educational	ADJ
fbem-29134	21	15	background	background	NOUN
fbem-29134	21	16	,	,	PUNCT
fbem-29134	21	17	overseas	overseas	ADJ
fbem-29134	21	18	experience	experience	NOUN
fbem-29134	21	19	,	,	PUNCT
fbem-29134	21	20	reputation	reputation	NOUN
fbem-29134	21	21	,	,	PUNCT
fbem-29134	21	22	and	and	CCONJ
fbem-29134	21	23	even	even	ADV
fbem-29134	21	24	arrogance	arrogance	NOUN
fbem-29134	21	25	,	,	PUNCT
fbem-29134	21	26	on	on	ADP
fbem-29134	21	27	corporate	corporate	ADJ
fbem-29134	21	28	outcomes	outcome	NOUN
fbem-29134	21	29	[	[	X
fbem-29134	21	30	7	7	NUM
fbem-29134	21	31	-	-	SYM
fbem-29134	21	32	10	10	NUM
fbem-29134	21	33	]	]	PUNCT
fbem-29134	21	34	.	.	PUNCT
fbem-29134	22	1	although	although	SCONJ
fbem-29134	22	2	ceos	ceo	NOUN
fbem-29134	22	3	,	,	PUNCT
fbem-29134	22	4	as	as	ADP
fbem-29134	22	5	primary	primary	ADJ
fbem-29134	22	6	decision	decision	NOUN
fbem-29134	22	7	-	-	PUNCT
fbem-29134	22	8	makers	maker	NOUN
fbem-29134	22	9	,	,	PUNCT
fbem-29134	22	10	play	play	VERB
fbem-29134	22	11	a	a	DET
fbem-29134	22	12	leading	lead	VERB
fbem-29134	22	13	role	role	NOUN
fbem-29134	22	14	in	in	ADP
fbem-29134	22	15	a	a	DET
fbem-29134	22	16	company	company	NOUN
fbem-29134	22	17	’s	’s	PART
fbem-29134	22	18	management	management	NOUN
fbem-29134	22	19	,	,	PUNCT
fbem-29134	22	20	the	the	DET
fbem-29134	22	21	effective	effective	ADJ
fbem-29134	22	22	functioning	functioning	NOUN
fbem-29134	22	23	of	of	ADP
fbem-29134	22	24	a	a	DET
fbem-29134	22	25	company	company	NOUN
fbem-29134	22	26	’s	’s	PART
fbem-29134	22	27	daily	daily	ADJ
fbem-29134	22	28	operations	operation	NOUN
fbem-29134	22	29	often	often	ADV
fbem-29134	22	30	requires	require	VERB
fbem-29134	22	31	coordination	coordination	NOUN
fbem-29134	22	32	across	across	ADP
fbem-29134	22	33	multiple	multiple	ADJ
fbem-29134	22	34	departments	department	NOUN
fbem-29134	22	35	.	.	PUNCT
fbem-29134	23	1	in	in	ADP
fbem-29134	23	2	recent	recent	ADJ
fbem-29134	23	3	years	year	NOUN
fbem-29134	23	4	,	,	PUNCT
fbem-29134	23	5	scholars	scholar	NOUN
fbem-29134	23	6	have	have	AUX
fbem-29134	23	7	extended	extend	VERB
fbem-29134	23	8	their	their	PRON
fbem-29134	23	9	focus	focus	NOUN
fbem-29134	23	10	beyond	beyond	ADP
fbem-29134	23	11	individual	individual	ADJ
fbem-29134	23	12	ceos	ceos	NOUN
fbem-29134	23	13	to	to	PART
fbem-29134	23	14	examine	examine	VERB
fbem-29134	23	15	entire	entire	ADJ
fbem-29134	23	16	top	top	ADJ
fbem-29134	23	17	management	management	NOUN
fbem-29134	23	18	teams	team	NOUN
fbem-29134	23	19	(	(	PUNCT
fbem-29134	23	20	tmts	tmts	PROPN
fbem-29134	23	21	)	)	PUNCT
fbem-29134	23	22	as	as	ADP
fbem-29134	23	23	a	a	DET
fbem-29134	23	24	collective	collective	ADJ
fbem-29134	23	25	unit	unit	NOUN
fbem-29134	23	26	.	.	PUNCT
fbem-29134	24	1	among	among	ADP
fbem-29134	24	2	these	these	DET
fbem-29134	24	3	studies	study	NOUN
fbem-29134	24	4	,	,	PUNCT
fbem-29134	24	5	the	the	DET
fbem-29134	24	6	heterogeneity	heterogeneity	NOUN
fbem-29134	24	7	of	of	ADP
fbem-29134	24	8	tmts	tmts	PROPN
fbem-29134	24	9	has	have	AUX
fbem-29134	24	10	been	be	AUX
fbem-29134	24	11	a	a	DET
fbem-29134	24	12	major	major	ADJ
fbem-29134	24	13	topic	topic	NOUN
fbem-29134	24	14	.	.	PUNCT
fbem-29134	25	1	research	research	NOUN
fbem-29134	25	2	has	have	AUX
fbem-29134	25	3	revealed	reveal	VERB
fbem-29134	25	4	that	that	SCONJ
fbem-29134	25	5	tmt	tmt	PROPN
fbem-29134	25	6	heterogeneity	heterogeneity	PROPN
fbem-29134	25	7	affects	affect	VERB
fbem-29134	25	8	various	various	ADJ
fbem-29134	25	9	aspects	aspect	NOUN
fbem-29134	25	10	of	of	ADP
fbem-29134	25	11	a	a	DET
fbem-29134	25	12	company	company	NOUN
fbem-29134	25	13	,	,	PUNCT
fbem-29134	25	14	including	include	VERB
fbem-29134	25	15	financial	financial	ADJ
fbem-29134	25	16	risk	risk	NOUN
fbem-29134	25	17	,	,	PUNCT
fbem-29134	25	18	innovation	innovation	NOUN
fbem-29134	25	19	,	,	PUNCT
fbem-29134	25	20	digital	digital	ADJ
fbem-29134	25	21	transformation	transformation	NOUN
fbem-29134	25	22	,	,	PUNCT
fbem-29134	25	23	agency	agency	NOUN
fbem-29134	25	24	costs	cost	NOUN
fbem-29134	25	25	,	,	PUNCT
fbem-29134	25	26	and	and	CCONJ
fbem-29134	25	27	mergers	merger	NOUN
fbem-29134	25	28	and	and	CCONJ
fbem-29134	25	29	acquisitions	acquisition	NOUN
fbem-29134	26	1	[	[	X
fbem-29134	26	2	11	11	NUM
fbem-29134	26	3	-	-	SYM
fbem-29134	26	4	15	15	NUM
fbem-29134	26	5	]	]	PUNCT
fbem-29134	26	6	.	.	PUNCT
fbem-29134	27	1	in	in	ADP
fbem-29134	27	2	examining	examine	VERB
fbem-29134	27	3	the	the	DET
fbem-29134	27	4	relationship	relationship	NOUN
fbem-29134	27	5	between	between	ADP
fbem-29134	27	6	tmt	tmt	PROPN
fbem-29134	27	7	heterogeneity	heterogeneity	PROPN
fbem-29134	27	8	and	and	CCONJ
fbem-29134	27	9	corporate	corporate	ADJ
fbem-29134	27	10	outcomes	outcome	NOUN
fbem-29134	27	11	,	,	PUNCT
fbem-29134	27	12	ceo	ceo	NOUN
fbem-29134	27	13	power	power	NOUN
fbem-29134	27	14	is	be	AUX
fbem-29134	27	15	often	often	ADV
fbem-29134	27	16	used	use	VERB
fbem-29134	27	17	as	as	ADP
fbem-29134	27	18	a	a	DET
fbem-29134	27	19	moderating	moderate	VERB
fbem-29134	27	20	variable	variable	NOUN
fbem-29134	27	21	to	to	PART
fbem-29134	27	22	influence	influence	VERB
fbem-29134	27	23	this	this	DET
fbem-29134	27	24	relationship	relationship	NOUN
fbem-29134	27	25	(	(	PUNCT
fbem-29134	27	26	e.g.	e.g.	ADV
fbem-29134	27	27	,	,	PUNCT
fbem-29134	27	28	yao	yao	PROPN
fbem-29134	27	29	bingshi	bingshi	PROPN
fbem-29134	27	30	,	,	PUNCT
fbem-29134	27	31	hu	hu	PROPN
fbem-29134	27	32	zemin	zemin	PROPN
fbem-29134	27	33	,	,	PUNCT
fbem-29134	27	34	and	and	CCONJ
fbem-29134	27	35	liu	liu	PROPN
fbem-29134	27	36	bo	bo	PROPN
fbem-29134	27	37	)	)	PUNCT
fbem-29134	28	1	[	[	X
fbem-29134	28	2	16	16	NUM
fbem-29134	28	3	-	-	SYM
fbem-29134	28	4	18	18	NUM
fbem-29134	28	5	]	]	PUNCT
fbem-29134	28	6	.	.	PUNCT
fbem-29134	29	1	however	however	ADV
fbem-29134	29	2	,	,	PUNCT
fbem-29134	29	3	existing	exist	VERB
fbem-29134	29	4	literature	literature	NOUN
fbem-29134	29	5	rarely	rarely	ADV
fbem-29134	29	6	explores	explore	VERB
fbem-29134	29	7	the	the	DET
fbem-29134	29	8	direct	direct	ADJ
fbem-29134	29	9	relationship	relationship	NOUN
fbem-29134	29	10	between	between	ADP
fbem-29134	29	11	tmt	tmt	PROPN
fbem-29134	29	12	heterogeneity	heterogeneity	PROPN
fbem-29134	29	13	and	and	CCONJ
fbem-29134	29	14	ceo	ceo	NOUN
fbem-29134	29	15	power	power	NOUN
fbem-29134	29	16	.	.	PUNCT
fbem-29134	30	1	to	to	PART
fbem-29134	30	2	address	address	VERB
fbem-29134	30	3	this	this	DET
fbem-29134	30	4	gap	gap	NOUN
fbem-29134	30	5	,	,	PUNCT
fbem-29134	30	6	this	this	DET
fbem-29134	30	7	paper	paper	NOUN
fbem-29134	30	8	seeks	seek	VERB
fbem-29134	30	9	to	to	PART
fbem-29134	30	10	measure	measure	VERB
fbem-29134	30	11	tmt	tmt	PROPN
fbem-29134	30	12	characteristics	characteristics	PROPN
fbem-29134	30	13	and	and	CCONJ
fbem-29134	30	14	ceo	ceo	NOUN
fbem-29134	30	15	power	power	NOUN
fbem-29134	30	16	based	base	VERB
fbem-29134	30	17	on	on	ADP
fbem-29134	30	18	prior	prior	ADJ
fbem-29134	30	19	studies	study	NOUN
fbem-29134	30	20	and	and	CCONJ
fbem-29134	30	21	aims	aim	VERB
fbem-29134	30	22	to	to	PART
fbem-29134	30	23	uncover	uncover	VERB
fbem-29134	30	24	the	the	DET
fbem-29134	30	25	link	link	NOUN
fbem-29134	30	26	between	between	ADP
fbem-29134	30	27	the	the	DET
fbem-29134	30	28	two	two	NUM
fbem-29134	30	29	.	.	PUNCT
fbem-29134	31	1	3	3	X
fbem-29134	31	2	.	.	X
fbem-29134	31	3	sample	sample	NOUN
fbem-29134	31	4	selection	selection	NOUN
fbem-29134	31	5	and	and	CCONJ
fbem-29134	31	6	data	datum	NOUN
fbem-29134	31	7	3.1	3.1	NUM
fbem-29134	31	8	.	.	PUNCT
fbem-29134	31	9	sample	sample	NOUN
fbem-29134	31	10	and	and	CCONJ
fbem-29134	31	11	datas	data	VERB
fbem-29134	31	12	the	the	DET
fbem-29134	31	13	sample	sample	NOUN
fbem-29134	31	14	comprises	comprise	VERB
fbem-29134	31	15	480	480	NUM
fbem-29134	31	16	a	a	DET
fbem-29134	31	17	-	-	PUNCT
fbem-29134	31	18	share	share	NOUN
fbem-29134	31	19	listed	list	VERB
fbem-29134	31	20	companies	company	NOUN
fbem-29134	31	21	in	in	ADP
fbem-29134	31	22	china	china	PROPN
fbem-29134	31	23	,	,	PUNCT
fbem-29134	31	24	observed	observe	VERB
fbem-29134	31	25	from	from	ADP
fbem-29134	31	26	2008	2008	NUM
fbem-29134	31	27	to	to	ADP
fbem-29134	31	28	2017	2017	NUM
fbem-29134	31	29	.	.	PUNCT
fbem-29134	32	1	financial	financial	ADJ
fbem-29134	32	2	firms	firm	NOUN
fbem-29134	32	3	,	,	PUNCT
fbem-29134	32	4	companies	company	NOUN
fbem-29134	32	5	under	under	ADP
fbem-29134	32	6	special	special	ADJ
fbem-29134	32	7	treatment	treatment	NOUN
fbem-29134	32	8	(	(	PUNCT
fbem-29134	32	9	st	st	PROPN
fbem-29134	32	10	/	/	SYM
fbem-29134	32	11	pt	pt	PROPN
fbem-29134	32	12	)	)	PUNCT
fbem-29134	32	13	,	,	PUNCT
fbem-29134	32	14	and	and	CCONJ
fbem-29134	32	15	firms	firm	NOUN
fbem-29134	32	16	with	with	ADP
fbem-29134	32	17	significant	significant	ADJ
fbem-29134	32	18	missing	missing	ADJ
fbem-29134	32	19	data	datum	NOUN
fbem-29134	32	20	were	be	AUX
fbem-29134	32	21	excluded	exclude	VERB
fbem-29134	32	22	.	.	PUNCT
fbem-29134	33	1	the	the	DET
fbem-29134	33	2	data	datum	NOUN
fbem-29134	33	3	were	be	AUX
fbem-29134	33	4	sourced	source	VERB
fbem-29134	33	5	from	from	ADP
fbem-29134	33	6	the	the	DET
fbem-29134	33	7	csmar	csmar	PROPN
fbem-29134	33	8	database	database	NOUN
fbem-29134	33	9	,	,	PUNCT
fbem-29134	33	10	including	include	VERB
fbem-29134	33	11	executive	executive	ADJ
fbem-29134	33	12	characteristics	characteristic	NOUN
fbem-29134	33	13	,	,	PUNCT
fbem-29134	33	14	ceo	ceo	NOUN
fbem-29134	33	15	power	power	NOUN
fbem-29134	33	16	measures	measure	NOUN
fbem-29134	33	17	,	,	PUNCT
fbem-29134	33	18	and	and	CCONJ
fbem-29134	33	19	related	relate	VERB
fbem-29134	33	20	financial	financial	ADJ
fbem-29134	33	21	indicators	indicator	NOUN
fbem-29134	33	22	.	.	PUNCT
fbem-29134	34	1	3.2	3.2	NUM
fbem-29134	34	2	.	.	PUNCT
fbem-29134	34	3	definition	definition	NOUN
fbem-29134	34	4	of	of	ADP
fbem-29134	34	5	variables	variable	NOUN
fbem-29134	34	6	3.2.1	3.2.1	NUM
fbem-29134	34	7	.	.	PUNCT
fbem-29134	35	1	dependent	dependent	ADJ
fbem-29134	35	2	variable	variable	NOUN
fbem-29134	35	3	:	:	PUNCT
fbem-29134	35	4	ceo	ceo	NOUN
fbem-29134	35	5	power	power	NOUN
fbem-29134	35	6	the	the	DET
fbem-29134	35	7	theory	theory	NOUN
fbem-29134	35	8	of	of	ADP
fbem-29134	35	9	managerial	managerial	ADJ
fbem-29134	35	10	power	power	NOUN
fbem-29134	35	11	proposed	propose	VERB
fbem-29134	35	12	by	by	ADP
fbem-29134	35	13	finkelstein	finkelstein	PROPN
fbem-29134	35	14	(	(	PUNCT
fbem-29134	35	15	1992	1992	NUM
fbem-29134	35	16	)	)	PUNCT
fbem-29134	35	17	outlines	outline	VERB
fbem-29134	35	18	a	a	DET
fbem-29134	35	19	model	model	NOUN
fbem-29134	35	20	of	of	ADP
fbem-29134	35	21	ceo	ceo	NOUN
fbem-29134	35	22	power	power	NOUN
fbem-29134	35	23	divided	divide	VERB
fbem-29134	35	24	into	into	ADP
fbem-29134	35	25	four	four	NUM
fbem-29134	35	26	dimensions	dimension	NOUN
fbem-29134	35	27	:	:	PUNCT
fbem-29134	35	28	organizational	organizational	ADJ
fbem-29134	35	29	power	power	NOUN
fbem-29134	35	30	,	,	PUNCT
fbem-29134	35	31	ownership	ownership	NOUN
fbem-29134	35	32	power	power	NOUN
fbem-29134	35	33	,	,	PUNCT
fbem-29134	35	34	expert	expert	NOUN
fbem-29134	35	35	power	power	NOUN
fbem-29134	35	36	,	,	PUNCT
fbem-29134	35	37	and	and	CCONJ
fbem-29134	35	38	reputational	reputational	ADJ
fbem-29134	35	39	power	power	NOUN
fbem-29134	35	40	[	[	X
fbem-29134	35	41	19	19	NUM
fbem-29134	35	42	]	]	PUNCT
fbem-29134	35	43	.	.	PUNCT
fbem-29134	36	1	following	follow	VERB
fbem-29134	36	2	the	the	DET
fbem-29134	36	3	study	study	NOUN
fbem-29134	36	4	by	by	ADP
fbem-29134	36	5	30	30	NUM
fbem-29134	36	6	zhang	zhang	PROPN
fbem-29134	36	7	cuizi	cuizi	PROPN
fbem-29134	36	8	et	et	PROPN
fbem-29134	36	9	al	al	PROPN
fbem-29134	36	10	.	.	PROPN
fbem-29134	36	11	,	,	PUNCT
fbem-29134	36	12	this	this	DET
fbem-29134	36	13	paper	paper	NOUN
fbem-29134	36	14	defines	define	VERB
fbem-29134	36	15	these	these	DET
fbem-29134	36	16	dimensions	dimension	NOUN
fbem-29134	36	17	as	as	SCONJ
fbem-29134	36	18	follows	follow	VERB
fbem-29134	36	19	[	[	X
fbem-29134	36	20	20	20	NUM
fbem-29134	36	21	]	]	SYM
fbem-29134	36	22	:	:	PUNCT
fbem-29134	36	23	organizational	organizational	ADJ
fbem-29134	36	24	power	power	NOUN
fbem-29134	36	25	:	:	PUNCT
fbem-29134	36	26	defined	define	VERB
fbem-29134	36	27	by	by	ADP
fbem-29134	36	28	whether	whether	SCONJ
fbem-29134	36	29	the	the	DET
fbem-29134	36	30	ceo	ceo	NOUN
fbem-29134	36	31	also	also	ADV
fbem-29134	36	32	serves	serve	VERB
fbem-29134	36	33	as	as	ADP
fbem-29134	36	34	the	the	DET
fbem-29134	36	35	chairman	chairman	NOUN
fbem-29134	36	36	of	of	ADP
fbem-29134	36	37	the	the	DET
fbem-29134	36	38	board	board	NOUN
fbem-29134	36	39	.	.	PUNCT
fbem-29134	37	1	if	if	SCONJ
fbem-29134	37	2	the	the	DET
fbem-29134	37	3	ceo	ceo	NOUN
fbem-29134	37	4	holds	hold	VERB
fbem-29134	37	5	the	the	DET
fbem-29134	37	6	position	position	NOUN
fbem-29134	37	7	of	of	ADP
fbem-29134	37	8	chairman	chairman	NOUN
fbem-29134	37	9	,	,	PUNCT
fbem-29134	37	10	the	the	DET
fbem-29134	37	11	variable	variable	NOUN
fbem-29134	37	12	is	be	AUX
fbem-29134	37	13	assigned	assign	VERB
fbem-29134	37	14	a	a	DET
fbem-29134	37	15	value	value	NOUN
fbem-29134	37	16	of	of	ADP
fbem-29134	37	17	1	1	NUM
fbem-29134	37	18	;	;	PUNCT
fbem-29134	37	19	otherwise	otherwise	ADV
fbem-29134	37	20	,	,	PUNCT
fbem-29134	37	21	it	it	PRON
fbem-29134	37	22	is	be	AUX
fbem-29134	37	23	0	0	NUM
fbem-29134	37	24	.	.	PUNCT
fbem-29134	38	1	when	when	SCONJ
fbem-29134	38	2	the	the	DET
fbem-29134	38	3	ceo	ceo	NOUN
fbem-29134	38	4	serves	serve	VERB
fbem-29134	38	5	as	as	ADP
fbem-29134	38	6	both	both	DET
fbem-29134	38	7	chairman	chairman	NOUN
fbem-29134	38	8	and	and	CCONJ
fbem-29134	38	9	ceo	ceo	NOUN
fbem-29134	38	10	,	,	PUNCT
fbem-29134	38	11	they	they	PRON
fbem-29134	38	12	hold	hold	VERB
fbem-29134	38	13	top	top	ADJ
fbem-29134	38	14	authority	authority	NOUN
fbem-29134	38	15	in	in	ADP
fbem-29134	38	16	management	management	NOUN
fbem-29134	38	17	while	while	SCONJ
fbem-29134	38	18	also	also	ADV
fbem-29134	38	19	wielding	wield	VERB
fbem-29134	38	20	significant	significant	ADJ
fbem-29134	38	21	influence	influence	NOUN
fbem-29134	38	22	within	within	ADP
fbem-29134	38	23	the	the	DET
fbem-29134	38	24	board	board	NOUN
fbem-29134	38	25	of	of	ADP
fbem-29134	38	26	directors	director	NOUN
fbem-29134	38	27	,	,	PUNCT
fbem-29134	38	28	reducing	reduce	VERB
fbem-29134	38	29	pressures	pressure	NOUN
fbem-29134	38	30	from	from	ADP
fbem-29134	38	31	the	the	DET
fbem-29134	38	32	board	board	NOUN
fbem-29134	38	33	and	and	CCONJ
fbem-29134	38	34	amplifying	amplify	VERB
fbem-29134	38	35	their	their	PRON
fbem-29134	38	36	overall	overall	ADJ
fbem-29134	38	37	power	power	NOUN
fbem-29134	38	38	within	within	ADP
fbem-29134	38	39	the	the	DET
fbem-29134	38	40	organization	organization	NOUN
fbem-29134	38	41	.	.	PUNCT
fbem-29134	39	1	ownership	ownership	NOUN
fbem-29134	39	2	power	power	NOUN
fbem-29134	39	3	:	:	PUNCT
fbem-29134	39	4	defined	define	VERB
fbem-29134	39	5	by	by	ADP
fbem-29134	39	6	whether	whether	SCONJ
fbem-29134	39	7	the	the	DET
fbem-29134	39	8	ceo	ceo	NOUN
fbem-29134	39	9	’s	’s	PART
fbem-29134	39	10	shareholding	shareholding	NOUN
fbem-29134	39	11	exceeds	exceed	VERB
fbem-29134	39	12	the	the	DET
fbem-29134	39	13	median	median	ADJ
fbem-29134	39	14	shareholding	shareholding	NOUN
fbem-29134	39	15	in	in	ADP
fbem-29134	39	16	the	the	DET
fbem-29134	39	17	industry	industry	NOUN
fbem-29134	39	18	.	.	PUNCT
fbem-29134	40	1	if	if	SCONJ
fbem-29134	40	2	the	the	DET
fbem-29134	40	3	ceo	ceo	NOUN
fbem-29134	40	4	’s	’s	PART
fbem-29134	40	5	shareholding	shareholding	NOUN
fbem-29134	40	6	is	be	AUX
fbem-29134	40	7	above	above	ADP
fbem-29134	40	8	the	the	DET
fbem-29134	40	9	industry	industry	NOUN
fbem-29134	40	10	median	median	NOUN
fbem-29134	40	11	,	,	PUNCT
fbem-29134	40	12	the	the	DET
fbem-29134	40	13	variable	variable	NOUN
fbem-29134	40	14	is	be	AUX
fbem-29134	40	15	assigned	assign	VERB
fbem-29134	40	16	a	a	DET
fbem-29134	40	17	value	value	NOUN
fbem-29134	40	18	of	of	ADP
fbem-29134	40	19	1	1	NUM
fbem-29134	40	20	;	;	PUNCT
fbem-29134	40	21	otherwise	otherwise	ADV
fbem-29134	40	22	,	,	PUNCT
fbem-29134	40	23	it	it	PRON
fbem-29134	40	24	is	be	AUX
fbem-29134	40	25	0	0	NUM
fbem-29134	40	26	.	.	PUNCT
fbem-29134	40	27	ceos	ceos	PROPN
fbem-29134	40	28	with	with	ADP
fbem-29134	40	29	significant	significant	ADJ
fbem-29134	40	30	shareholdings	shareholding	NOUN
fbem-29134	40	31	gain	gain	VERB
fbem-29134	40	32	voting	voting	NOUN
fbem-29134	40	33	rights	right	NOUN
fbem-29134	40	34	in	in	ADP
fbem-29134	40	35	shareholder	shareholder	NOUN
fbem-29134	40	36	meetings	meeting	NOUN
fbem-29134	40	37	,	,	PUNCT
fbem-29134	40	38	enabling	enable	VERB
fbem-29134	40	39	them	they	PRON
fbem-29134	40	40	to	to	PART
fbem-29134	40	41	influence	influence	VERB
fbem-29134	40	42	major	major	ADJ
fbem-29134	40	43	decisions	decision	NOUN
fbem-29134	40	44	,	,	PUNCT
fbem-29134	40	45	personnel	personnel	NOUN
fbem-29134	40	46	appointments	appointment	NOUN
fbem-29134	40	47	,	,	PUNCT
fbem-29134	40	48	and	and	CCONJ
fbem-29134	40	49	even	even	ADV
fbem-29134	40	50	board	board	NOUN
fbem-29134	40	51	elections	election	NOUN
fbem-29134	40	52	.	.	PUNCT
fbem-29134	41	1	expert	expert	ADJ
fbem-29134	41	2	power	power	NOUN
fbem-29134	41	3	:	:	PUNCT
fbem-29134	41	4	defined	define	VERB
fbem-29134	41	5	by	by	ADP
fbem-29134	41	6	whether	whether	SCONJ
fbem-29134	41	7	the	the	DET
fbem-29134	41	8	ceo	ceo	NOUN
fbem-29134	41	9	holds	hold	VERB
fbem-29134	41	10	a	a	DET
fbem-29134	41	11	senior	senior	ADJ
fbem-29134	41	12	professional	professional	ADJ
fbem-29134	41	13	title	title	NOUN
fbem-29134	41	14	.	.	PUNCT
fbem-29134	42	1	if	if	SCONJ
fbem-29134	42	2	the	the	DET
fbem-29134	42	3	ceo	ceo	NOUN
fbem-29134	42	4	possesses	possess	VERB
fbem-29134	42	5	such	such	DET
fbem-29134	42	6	a	a	DET
fbem-29134	42	7	title	title	NOUN
fbem-29134	42	8	,	,	PUNCT
fbem-29134	42	9	the	the	DET
fbem-29134	42	10	variable	variable	NOUN
fbem-29134	42	11	is	be	AUX
fbem-29134	42	12	assigned	assign	VERB
fbem-29134	42	13	a	a	DET
fbem-29134	42	14	value	value	NOUN
fbem-29134	42	15	of	of	ADP
fbem-29134	42	16	1	1	NUM
fbem-29134	42	17	;	;	PUNCT
fbem-29134	42	18	otherwise	otherwise	ADV
fbem-29134	42	19	,	,	PUNCT
fbem-29134	42	20	it	it	PRON
fbem-29134	42	21	is	be	AUX
fbem-29134	42	22	0	0	NUM
fbem-29134	42	23	.	.	PUNCT
fbem-29134	43	1	senior	senior	ADJ
fbem-29134	43	2	professional	professional	ADJ
fbem-29134	43	3	titles	title	NOUN
fbem-29134	43	4	often	often	ADV
fbem-29134	43	5	signify	signify	VERB
fbem-29134	43	6	substantial	substantial	ADJ
fbem-29134	43	7	social	social	ADJ
fbem-29134	43	8	capital	capital	NOUN
fbem-29134	43	9	,	,	PUNCT
fbem-29134	43	10	an	an	DET
fbem-29134	43	11	important	important	ADJ
fbem-29134	43	12	competitive	competitive	ADJ
fbem-29134	43	13	advantage	advantage	NOUN
fbem-29134	43	14	for	for	ADP
fbem-29134	43	15	the	the	DET
fbem-29134	43	16	company	company	NOUN
fbem-29134	43	17	[	[	X
fbem-29134	43	18	21	21	NUM
fbem-29134	43	19	]	]	PUNCT
fbem-29134	43	20	.	.	PUNCT
fbem-29134	44	1	ceos	ceos	PROPN
fbem-29134	44	2	with	with	ADP
fbem-29134	44	3	such	such	ADJ
fbem-29134	44	4	titles	title	NOUN
fbem-29134	44	5	tend	tend	VERB
fbem-29134	44	6	to	to	PART
fbem-29134	44	7	wield	wield	VERB
fbem-29134	44	8	greater	great	ADJ
fbem-29134	44	9	influence	influence	NOUN
fbem-29134	44	10	in	in	ADP
fbem-29134	44	11	the	the	DET
fbem-29134	44	12	company	company	NOUN
fbem-29134	44	13	’s	’s	PART
fbem-29134	44	14	operations	operation	NOUN
fbem-29134	44	15	and	and	CCONJ
fbem-29134	44	16	interactions	interaction	NOUN
fbem-29134	44	17	with	with	ADP
fbem-29134	44	18	external	external	ADJ
fbem-29134	44	19	stakeholders	stakeholder	NOUN
fbem-29134	44	20	.	.	PUNCT
fbem-29134	45	1	reputational	reputational	ADJ
fbem-29134	45	2	power	power	NOUN
fbem-29134	45	3	:	:	PUNCT
fbem-29134	45	4	defined	define	VERB
fbem-29134	45	5	by	by	ADP
fbem-29134	45	6	whether	whether	SCONJ
fbem-29134	45	7	the	the	DET
fbem-29134	45	8	ceo	ceo	NOUN
fbem-29134	45	9	has	have	AUX
fbem-29134	45	10	an	an	DET
fbem-29134	45	11	advanced	advanced	ADJ
fbem-29134	45	12	degree	degree	NOUN
fbem-29134	45	13	(	(	PUNCT
fbem-29134	45	14	master	master	NOUN
fbem-29134	45	15	’s	’s	PART
fbem-29134	45	16	level	level	NOUN
fbem-29134	45	17	or	or	CCONJ
fbem-29134	45	18	above	above	ADP
fbem-29134	45	19	)	)	PUNCT
fbem-29134	45	20	.	.	PUNCT
fbem-29134	46	1	if	if	SCONJ
fbem-29134	46	2	the	the	DET
fbem-29134	46	3	ceo	ceo	NOUN
fbem-29134	46	4	holds	hold	VERB
fbem-29134	46	5	such	such	DET
fbem-29134	46	6	a	a	DET
fbem-29134	46	7	degree	degree	NOUN
fbem-29134	46	8	,	,	PUNCT
fbem-29134	46	9	the	the	DET
fbem-29134	46	10	variable	variable	NOUN
fbem-29134	46	11	is	be	AUX
fbem-29134	46	12	assigned	assign	VERB
fbem-29134	46	13	a	a	DET
fbem-29134	46	14	value	value	NOUN
fbem-29134	46	15	of	of	ADP
fbem-29134	46	16	1	1	NUM
fbem-29134	46	17	;	;	PUNCT
fbem-29134	46	18	otherwise	otherwise	ADV
fbem-29134	46	19	,	,	PUNCT
fbem-29134	46	20	it	it	PRON
fbem-29134	46	21	is	be	AUX
fbem-29134	46	22	0	0	NUM
fbem-29134	46	23	.	.	PUNCT
fbem-29134	47	1	higher	high	ADJ
fbem-29134	47	2	education	education	NOUN
fbem-29134	47	3	credentials	credential	NOUN
fbem-29134	47	4	signify	signify	VERB
fbem-29134	47	5	superior	superior	ADJ
fbem-29134	47	6	knowledge	knowledge	NOUN
fbem-29134	47	7	and	and	CCONJ
fbem-29134	47	8	abilities	ability	NOUN
fbem-29134	47	9	,	,	PUNCT
fbem-29134	47	10	fostering	foster	VERB
fbem-29134	47	11	trust	trust	NOUN
fbem-29134	47	12	among	among	ADP
fbem-29134	47	13	subordinates	subordinate	NOUN
fbem-29134	47	14	and	and	CCONJ
fbem-29134	47	15	indirectly	indirectly	ADV
fbem-29134	47	16	enhancing	enhance	VERB
fbem-29134	47	17	the	the	DET
fbem-29134	47	18	ceo	ceo	NOUN
fbem-29134	47	19	’s	’s	PART
fbem-29134	47	20	authority	authority	NOUN
fbem-29134	47	21	.	.	PUNCT
fbem-29134	48	1	the	the	DET
fbem-29134	48	2	measure	measure	NOUN
fbem-29134	48	3	of	of	ADP
fbem-29134	48	4	ceo	ceo	NOUN
fbem-29134	48	5	power	power	NOUN
fbem-29134	48	6	in	in	ADP
fbem-29134	48	7	this	this	DET
fbem-29134	48	8	study	study	NOUN
fbem-29134	48	9	is	be	AUX
fbem-29134	48	10	the	the	DET
fbem-29134	48	11	average	average	ADJ
fbem-29134	48	12	value	value	NOUN
fbem-29134	48	13	of	of	ADP
fbem-29134	48	14	the	the	DET
fbem-29134	48	15	four	four	NUM
fbem-29134	48	16	dimensions	dimension	NOUN
fbem-29134	48	17	mentioned	mention	VERB
fbem-29134	48	18	above	above	ADV
fbem-29134	48	19	.	.	PUNCT
fbem-29134	49	1	3.2.2	3.2.2	NUM
fbem-29134	49	2	.	.	PUNCT
fbem-29134	49	3	independent	independent	ADJ
fbem-29134	49	4	variable	variable	NOUN
fbem-29134	49	5	:	:	PUNCT
fbem-29134	49	6	top	top	ADJ
fbem-29134	49	7	management	management	NOUN
fbem-29134	49	8	team	team	NOUN
fbem-29134	49	9	(	(	PUNCT
fbem-29134	49	10	tmt	tmt	PROPN
fbem-29134	49	11	)	)	PUNCT
fbem-29134	49	12	heterogeneity	heterogeneity	NOUN
fbem-29134	49	13	the	the	DET
fbem-29134	49	14	independent	independent	ADJ
fbem-29134	49	15	variable	variable	NOUN
fbem-29134	49	16	in	in	ADP
fbem-29134	49	17	this	this	DET
fbem-29134	49	18	study	study	NOUN
fbem-29134	49	19	is	be	AUX
fbem-29134	49	20	tmt	tmt	PROPN
fbem-29134	49	21	heterogeneity	heterogeneity	NOUN
fbem-29134	49	22	,	,	PUNCT
fbem-29134	49	23	which	which	PRON
fbem-29134	49	24	includes	include	VERB
fbem-29134	49	25	:	:	PUNCT
fbem-29134	49	26	age	age	NOUN
fbem-29134	49	27	heterogeneity	heterogeneity	NOUN
fbem-29134	49	28	(	(	PUNCT
fbem-29134	49	29	hage	hage	PROPN
fbem-29134	49	30	)	)	PUNCT
fbem-29134	49	31	professional	professional	ADJ
fbem-29134	49	32	background	background	NOUN
fbem-29134	49	33	heterogeneity	heterogeneity	NOUN
fbem-29134	49	34	(	(	PUNCT
fbem-29134	49	35	hpro	hpro	ADJ
fbem-29134	49	36	)	)	PUNCT
fbem-29134	49	37	gender	gender	NOUN
fbem-29134	49	38	heterogeneity	heterogeneity	NOUN
fbem-29134	49	39	(	(	PUNCT
fbem-29134	49	40	hsex	hsex	NOUN
fbem-29134	49	41	)	)	PUNCT
fbem-29134	49	42	educational	educational	ADJ
fbem-29134	49	43	background	background	NOUN
fbem-29134	49	44	heterogeneity	heterogeneity	NOUN
fbem-29134	49	45	(	(	PUNCT
fbem-29134	49	46	hedu	hedu	PROPN
fbem-29134	49	47	)	)	PUNCT
fbem-29134	49	48	following	follow	VERB
fbem-29134	49	49	the	the	DET
fbem-29134	49	50	method	method	NOUN
fbem-29134	49	51	of	of	ADP
fbem-29134	49	52	chen	chen	PROPN
fbem-29134	49	53	zhongwei	zhongwei	PROPN
fbem-29134	49	54	and	and	CCONJ
fbem-29134	49	55	chang	chang	PROPN
fbem-29134	49	56	ji	ji	PROPN
fbem-29134	49	57	(	(	PUNCT
fbem-29134	49	58	2009	2009	NUM
fbem-29134	49	59	)	)	PUNCT
fbem-29134	49	60	,	,	PUNCT
fbem-29134	49	61	this	this	DET
fbem-29134	49	62	paper	paper	NOUN
fbem-29134	49	63	uses	use	VERB
fbem-29134	49	64	the	the	DET
fbem-29134	49	65	herfindahl	herfindahl	NOUN
fbem-29134	49	66	-	-	PUNCT
fbem-29134	49	67	hirschman	hirschman	NOUN
fbem-29134	49	68	index	index	NOUN
fbem-29134	49	69	(	(	PUNCT
fbem-29134	49	70	hhi	hhi	NOUN
fbem-29134	49	71	)	)	PUNCT
fbem-29134	49	72	to	to	PART
fbem-29134	49	73	measure	measure	VERB
fbem-29134	49	74	heterogeneity	heterogeneity	NOUN
fbem-29134	49	75	,	,	PUNCT
fbem-29134	49	76	calculated	calculate	VERB
fbem-29134	49	77	as	as	SCONJ
fbem-29134	49	78	follows	follow	VERB
fbem-29134	49	79	[	[	X
fbem-29134	49	80	22	22	NUM
fbem-29134	49	81	]	]	X
fbem-29134	49	82	:	:	PUNCT
fbem-29134	49	83	h	h	NOUN
fbem-29134	49	84	=	=	NOUN
fbem-29134	49	85	1	1	NUM
fbem-29134	49	86	−	−	NOUN
fbem-29134	49	87	∑pi	∑pi	NUM
fbem-29134	49	88	2	2	NUM
fbem-29134	49	89	n	n	NOUN
fbem-29134	49	90	i=1	i=1	PROPN
fbem-29134	49	91	where	where	SCONJ
fbem-29134	49	92	pi	pi	NOUN
fbem-29134	49	93	represents	represent	VERB
fbem-29134	49	94	the	the	DET
fbem-29134	49	95	proportion	proportion	NOUN
fbem-29134	49	96	of	of	ADP
fbem-29134	49	97	the	the	DET
fbem-29134	49	98	i	i	PROPN
fbem-29134	49	99	category	category	NOUN
fbem-29134	49	100	in	in	ADP
fbem-29134	49	101	the	the	DET
fbem-29134	49	102	tmt	tmt	PROPN
fbem-29134	49	103	,	,	PUNCT
fbem-29134	49	104	and	and	CCONJ
fbem-29134	49	105	n	n	CCONJ
fbem-29134	49	106	represents	represent	VERB
fbem-29134	49	107	the	the	DET
fbem-29134	49	108	total	total	ADJ
fbem-29134	49	109	number	number	NOUN
fbem-29134	49	110	of	of	ADP
fbem-29134	49	111	categories	category	NOUN
fbem-29134	49	112	.	.	PUNCT
fbem-29134	50	1	the	the	DET
fbem-29134	50	2	h	h	NOUN
fbem-29134	50	3	value	value	NOUN
fbem-29134	50	4	ranges	range	VERB
fbem-29134	50	5	between	between	ADP
fbem-29134	50	6	0	0	NUM
fbem-29134	50	7	and	and	CCONJ
fbem-29134	50	8	1	1	NUM
fbem-29134	50	9	,	,	PUNCT
fbem-29134	50	10	with	with	ADP
fbem-29134	50	11	higher	high	ADJ
fbem-29134	50	12	values	value	NOUN
fbem-29134	50	13	indicating	indicate	VERB
fbem-29134	50	14	greater	great	ADJ
fbem-29134	50	15	heterogeneity	heterogeneity	NOUN
fbem-29134	50	16	within	within	ADP
fbem-29134	50	17	the	the	DET
fbem-29134	50	18	tmt	tmt	PROPN
fbem-29134	50	19	.	.	PUNCT
fbem-29134	51	1	3.2.3	3.2.3	X
fbem-29134	51	2	.	.	PUNCT
fbem-29134	52	1	control	control	NOUN
fbem-29134	52	2	variables	variable	NOUN
fbem-29134	52	3	referring	refer	VERB
fbem-29134	52	4	to	to	ADP
fbem-29134	52	5	the	the	DET
fbem-29134	52	6	study	study	NOUN
fbem-29134	52	7	by	by	ADP
fbem-29134	52	8	li	li	PROPN
fbem-29134	52	9	tao	tao	PROPN
fbem-29134	52	10	(	(	PUNCT
fbem-29134	52	11	2021	2021	NUM
fbem-29134	52	12	)	)	PUNCT
fbem-29134	52	13	,	,	PUNCT
fbem-29134	52	14	the	the	DET
fbem-29134	52	15	following	follow	VERB
fbem-29134	52	16	variables	variable	NOUN
fbem-29134	52	17	are	be	AUX
fbem-29134	52	18	included	include	VERB
fbem-29134	52	19	as	as	ADP
fbem-29134	52	20	controls	control	NOUN
fbem-29134	52	21	:	:	PUNCT
fbem-29134	52	22	debt	debt	NOUN
fbem-29134	52	23	-	-	PUNCT
fbem-29134	52	24	to	to	ADP
fbem-29134	52	25	-	-	PUNCT
fbem-29134	52	26	asset	asset	NOUN
fbem-29134	52	27	ratio	ratio	NOUN
fbem-29134	52	28	(	(	PUNCT
fbem-29134	52	29	debt	debt	NOUN
fbem-29134	52	30	)	)	PUNCT
fbem-29134	52	31	growth	growth	NOUN
fbem-29134	52	32	(	(	PUNCT
fbem-29134	52	33	growth	growth	NOUN
fbem-29134	52	34	)	)	PUNCT
fbem-29134	52	35	asset	asset	NOUN
fbem-29134	52	36	turnover	turnover	NOUN
fbem-29134	52	37	ratio	ratio	NOUN
fbem-29134	52	38	(	(	PUNCT
fbem-29134	52	39	turn	turn	NOUN
fbem-29134	52	40	)	)	PUNCT
fbem-29134	52	41	ownership	ownership	NOUN
fbem-29134	52	42	concentration	concentration	NOUN
fbem-29134	52	43	(	(	PUNCT
fbem-29134	52	44	own1	own1	NOUN
fbem-29134	52	45	)	)	PUNCT
fbem-29134	52	46	return	return	NOUN
fbem-29134	52	47	on	on	ADP
fbem-29134	52	48	total	total	ADJ
fbem-29134	52	49	assets	asset	NOUN
fbem-29134	52	50	(	(	PUNCT
fbem-29134	52	51	roa	roa	NOUN
fbem-29134	52	52	)	)	PUNCT
fbem-29134	52	53	board	board	NOUN
fbem-29134	52	54	size	size	NOUN
fbem-29134	52	55	(	(	PUNCT
fbem-29134	52	56	board	board	NOUN
fbem-29134	52	57	)	)	PUNCT
fbem-29134	52	58	proportion	proportion	NOUN
fbem-29134	52	59	of	of	ADP
fbem-29134	52	60	independent	independent	ADJ
fbem-29134	52	61	directors	director	NOUN
fbem-29134	52	62	(	(	PUNCT
fbem-29134	52	63	ib	ib	NOUN
fbem-29134	52	64	)	)	PUNCT
fbem-29134	52	65	firm	firm	ADJ
fbem-29134	52	66	size	size	NOUN
fbem-29134	52	67	(	(	PUNCT
fbem-29134	52	68	size	size	NOUN
fbem-29134	52	69	)	)	PUNCT
fbem-29134	52	70	proportion	proportion	NOUN
fbem-29134	52	71	of	of	ADP
fbem-29134	52	72	executive	executive	ADJ
fbem-29134	52	73	shareholding	shareholding	NOUN
fbem-29134	52	74	(	(	PUNCT
fbem-29134	52	75	mshare	mshare	ADJ
fbem-29134	52	76	)	)	PUNCT
fbem-29134	52	77	specific	specific	ADJ
fbem-29134	52	78	definitions	definition	NOUN
fbem-29134	52	79	of	of	ADP
fbem-29134	52	80	these	these	DET
fbem-29134	52	81	variables	variable	NOUN
fbem-29134	52	82	are	be	AUX
fbem-29134	52	83	provided	provide	VERB
fbem-29134	52	84	in	in	ADP
fbem-29134	52	85	table	table	NOUN
fbem-29134	52	86	1	1	NUM
fbem-29134	52	87	.	.	PUNCT
fbem-29134	52	88	table	table	NOUN
fbem-29134	52	89	1	1	NUM
fbem-29134	52	90	.	.	PUNCT
fbem-29134	53	1	definitions	definition	NOUN
fbem-29134	53	2	of	of	ADP
fbem-29134	53	3	variables	variable	NOUN
fbem-29134	53	4	variable	variable	ADJ
fbem-29134	53	5	types	type	NOUN
fbem-29134	53	6	variable	variable	ADJ
fbem-29134	53	7	name	name	NOUN
fbem-29134	53	8	variable	variable	ADJ
fbem-29134	53	9	symbol	symbol	NOUN
fbem-29134	53	10	variable	variable	ADJ
fbem-29134	53	11	definition	definition	NOUN
fbem-29134	53	12	dependent	dependent	ADJ
fbem-29134	53	13	variable	variable	ADJ
fbem-29134	53	14	ceo	ceo	NOUN
fbem-29134	53	15	power	power	NOUN
fbem-29134	53	16	power	power	NOUN
fbem-29134	53	17	power	power	NOUN
fbem-29134	53	18	=	=	SYM
fbem-29134	53	19	(	(	PUNCT
fbem-29134	53	20	ceo	ceo	NOUN
fbem-29134	53	21	organizational	organizational	ADJ
fbem-29134	53	22	power	power	NOUN
fbem-29134	53	23	+	+	CCONJ
fbem-29134	53	24	ownership	ownership	NOUN
fbem-29134	53	25	power	power	NOUN
fbem-29134	53	26	+	+	CCONJ
fbem-29134	53	27	expert	expert	NOUN
fbem-29134	53	28	power	power	NOUN
fbem-29134	53	29	+	+	CCONJ
fbem-29134	53	30	reputational	reputational	ADJ
fbem-29134	53	31	power	power	NOUN
fbem-29134	53	32	)	)	PUNCT
fbem-29134	53	33	/	/	SYM
fbem-29134	53	34	4	4	NUM
fbem-29134	53	35	independent	independent	ADJ
fbem-29134	53	36	variable	variable	ADJ
fbem-29134	53	37	age	age	NOUN
fbem-29134	53	38	heterogeneity	heterogeneity	PROPN
fbem-29134	53	39	hage	hage	PROPN
fbem-29134	53	40	measured	measure	VERB
fbem-29134	53	41	by	by	ADP
fbem-29134	53	42	herfindahl	herfindahl	NOUN
fbem-29134	53	43	-	-	PUNCT
fbem-29134	53	44	hirschman	hirschman	NOUN
fbem-29134	53	45	index	index	NOUN
fbem-29134	53	46	:	:	PUNCT
fbem-29134	53	47	if	if	SCONJ
fbem-29134	53	48	age<=20	age<=20	PROPN
fbem-29134	53	49	,	,	PUNCT
fbem-29134	53	50	hage=1	hage=1	PROPN
fbem-29134	53	51	;	;	PUNCT
fbem-29134	53	52	if	if	SCONJ
fbem-29134	53	53	age	age	NOUN
fbem-29134	53	54	between	between	ADP
fbem-29134	53	55	20	20	NUM
fbem-29134	53	56	and	and	CCONJ
fbem-29134	53	57	30	30	NUM
fbem-29134	53	58	,	,	PUNCT
fbem-29134	53	59	hage=2	hage=2	PROPN
fbem-29134	53	60	;	;	PUNCT
fbem-29134	53	61	if	if	SCONJ
fbem-29134	53	62	age	age	NOUN
fbem-29134	53	63	between	between	ADP
fbem-29134	53	64	30	30	NUM
fbem-29134	53	65	and	and	CCONJ
fbem-29134	53	66	40	40	NUM
fbem-29134	53	67	,	,	PUNCT
fbem-29134	53	68	hage=3	hage=3	PROPN
fbem-29134	53	69	;	;	PUNCT
fbem-29134	53	70	if	if	SCONJ
fbem-29134	53	71	age	age	NOUN
fbem-29134	53	72	between	between	ADP
fbem-29134	53	73	40	40	NUM
fbem-29134	53	74	and	and	CCONJ
fbem-29134	53	75	50	50	NUM
fbem-29134	53	76	,	,	PUNCT
fbem-29134	53	77	hage=4	hage=4	PROPN
fbem-29134	53	78	;	;	PUNCT
fbem-29134	53	79	if	if	SCONJ
fbem-29134	53	80	age	age	NOUN
fbem-29134	53	81	between	between	ADP
fbem-29134	53	82	50	50	NUM
fbem-29134	53	83	and	and	CCONJ
fbem-29134	53	84	60	60	NUM
fbem-29134	53	85	,	,	PUNCT
fbem-29134	53	86	hage=5	hage=5	NOUN
fbem-29134	53	87	;	;	PUNCT
fbem-29134	53	88	else	else	ADV
fbem-29134	53	89	hage=6	hage=6	PROPN
fbem-29134	53	90	professional	professional	ADJ
fbem-29134	53	91	background	background	NOUN
fbem-29134	53	92	heterogeneity	heterogeneity	PROPN
fbem-29134	53	93	hpro	hpro	PROPN
fbem-29134	53	94	measured	measure	VERB
fbem-29134	53	95	by	by	ADP
fbem-29134	53	96	herfindahl	herfindahl	NOUN
fbem-29134	53	97	-	-	PUNCT
fbem-29134	53	98	hirschman	hirschman	NOUN
fbem-29134	53	99	index	index	NOUN
fbem-29134	53	100	:	:	PUNCT
fbem-29134	53	101	production	production	NOUN
fbem-29134	53	102	=	=	SYM
fbem-29134	53	103	1	1	NUM
fbem-29134	53	104	,	,	PUNCT
fbem-29134	53	105	r&d	r&d	NOUN
fbem-29134	53	106	/	/	SYM
fbem-29134	53	107	design	design	NOUN
fbem-29134	53	108	=	=	SYM
fbem-29134	53	109	2	2	NUM
fbem-29134	53	110	,	,	PUNCT
fbem-29134	53	111	hr	hr	NOUN
fbem-29134	53	112	=	=	SYM
fbem-29134	53	113	3	3	NUM
fbem-29134	53	114	,	,	PUNCT
fbem-29134	53	115	finance	finance	NOUN
fbem-29134	53	116	/	/	SYM
fbem-29134	53	117	accounting	accounting	NOUN
fbem-29134	53	118	=	=	SYM
fbem-29134	53	119	4	4	NUM
fbem-29134	53	120	,	,	PUNCT
fbem-29134	53	121	law	law	NOUN
fbem-29134	53	122	=	=	SYM
fbem-29134	53	123	5	5	NUM
fbem-29134	53	124	,	,	PUNCT
fbem-29134	53	125	management	management	NOUN
fbem-29134	53	126	/	/	SYM
fbem-29134	53	127	marketing	marketing	NOUN
fbem-29134	53	128	=	=	SYM
fbem-29134	53	129	6	6	NUM
fbem-29134	53	130	gender	gender	NOUN
fbem-29134	53	131	heterogeneity	heterogeneity	NOUN
fbem-29134	53	132	hsex	hsex	NOUN
fbem-29134	53	133	measured	measure	VERB
fbem-29134	53	134	by	by	ADP
fbem-29134	53	135	herfindahl	herfindahl	NOUN
fbem-29134	53	136	-	-	PUNCT
fbem-29134	53	137	hirschman	hirschman	NOUN
fbem-29134	53	138	index	index	NOUN
fbem-29134	53	139	:	:	PUNCT
fbem-29134	53	140	male	male	NOUN
fbem-29134	53	141	=	=	SYM
fbem-29134	53	142	1	1	NUM
fbem-29134	53	143	,	,	PUNCT
fbem-29134	53	144	female	female	ADJ
fbem-29134	53	145	=	=	SYM
fbem-29134	53	146	0	0	NUM
fbem-29134	53	147	educational	educational	ADJ
fbem-29134	53	148	background	background	NOUN
fbem-29134	53	149	heterogeneity	heterogeneity	PROPN
fbem-29134	53	150	hedu	hedu	NOUN
fbem-29134	53	151	measured	measure	VERB
fbem-29134	53	152	by	by	ADP
fbem-29134	53	153	herfindahl	herfindahl	NOUN
fbem-29134	53	154	-	-	PUNCT
fbem-29134	53	155	hirschman	hirschman	NOUN
fbem-29134	53	156	index	index	NOUN
fbem-29134	53	157	:	:	PUNCT
fbem-29134	53	158	high	high	ADJ
fbem-29134	53	159	school	school	NOUN
fbem-29134	53	160	or	or	CCONJ
fbem-29134	53	161	below	below	ADV
fbem-29134	53	162	=	=	SYM
fbem-29134	53	163	1	1	NUM
fbem-29134	53	164	,	,	PUNCT
fbem-29134	53	165	associate	associate	ADJ
fbem-29134	53	166	degree	degree	NOUN
fbem-29134	53	167	=	=	SYM
fbem-29134	53	168	2	2	NUM
fbem-29134	53	169	,	,	PUNCT
fbem-29134	53	170	bachelor	bachelor	NOUN
fbem-29134	53	171	's	's	PART
fbem-29134	53	172	degree	degree	NOUN
fbem-29134	53	173	=	=	SYM
fbem-29134	53	174	3	3	NUM
fbem-29134	53	175	,	,	PUNCT
fbem-29134	53	176	master	master	NOUN
fbem-29134	53	177	's	's	PART
fbem-29134	53	178	degree	degree	NOUN
fbem-29134	53	179	=	=	SYM
fbem-29134	53	180	4	4	NUM
fbem-29134	53	181	,	,	PUNCT
fbem-29134	53	182	doctoral	doctoral	ADJ
fbem-29134	53	183	degree	degree	NOUN
fbem-29134	53	184	or	or	CCONJ
fbem-29134	53	185	above	above	ADV
fbem-29134	53	186	=	=	SYM
fbem-29134	53	187	5	5	NUM
fbem-29134	53	188	control	control	NOUN
fbem-29134	53	189	variables	variable	VERB
fbem-29134	53	190	debt	debt	NOUN
fbem-29134	53	191	-	-	PUNCT
fbem-29134	53	192	to	to	ADP
fbem-29134	53	193	-	-	PUNCT
fbem-29134	53	194	asset	asset	NOUN
fbem-29134	53	195	ratio	ratio	NOUN
fbem-29134	53	196	debt	debt	NOUN
fbem-29134	53	197	total	total	NOUN
fbem-29134	53	198	liabilities	liability	NOUN
fbem-29134	53	199	/	/	SYM
fbem-29134	53	200	total	total	ADJ
fbem-29134	53	201	assets	asset	NOUN
fbem-29134	53	202	growth	growth	NOUN
fbem-29134	53	203	opportunity	opportunity	NOUN
fbem-29134	53	204	growth	growth	NOUN
fbem-29134	53	205	revenue	revenue	NOUN
fbem-29134	53	206	growth	growth	NOUN
fbem-29134	53	207	rate	rate	NOUN
fbem-29134	53	208	asset	asset	NOUN
fbem-29134	53	209	turnover	turnover	NOUN
fbem-29134	53	210	turn	turn	VERB
fbem-29134	53	211	revenue	revenue	NOUN
fbem-29134	53	212	/	/	SYM
fbem-29134	53	213	average	average	ADJ
fbem-29134	53	214	total	total	ADJ
fbem-29134	53	215	assets	asset	NOUN
fbem-29134	53	216	ownership	ownership	NOUN
fbem-29134	53	217	concentration	concentration	NOUN
fbem-29134	53	218	own1	own1	NOUN
fbem-29134	53	219	percentage	percentage	NOUN
fbem-29134	53	220	of	of	ADP
fbem-29134	53	221	shares	share	NOUN
fbem-29134	53	222	held	hold	VERB
fbem-29134	53	223	by	by	ADP
fbem-29134	53	224	the	the	DET
fbem-29134	53	225	largest	large	ADJ
fbem-29134	53	226	shareholder	shareholder	NOUN
fbem-29134	53	227	return	return	NOUN
fbem-29134	53	228	on	on	ADP
fbem-29134	53	229	assets	asset	NOUN
fbem-29134	53	230	roa	roa	PROPN
fbem-29134	53	231	net	net	ADJ
fbem-29134	53	232	profit	profit	NOUN
fbem-29134	53	233	/	/	SYM
fbem-29134	53	234	average	average	ADJ
fbem-29134	53	235	total	total	ADJ
fbem-29134	53	236	assets	asset	NOUN
fbem-29134	53	237	board	board	NOUN
fbem-29134	53	238	size	size	NOUN
fbem-29134	53	239	board	board	PROPN
fbem-29134	53	240	natural	natural	ADJ
fbem-29134	53	241	logarithm	logarithm	NOUN
fbem-29134	53	242	of	of	ADP
fbem-29134	53	243	the	the	DET
fbem-29134	53	244	total	total	ADJ
fbem-29134	53	245	number	number	NOUN
fbem-29134	53	246	of	of	ADP
fbem-29134	53	247	board	board	NOUN
fbem-29134	53	248	members	member	NOUN
fbem-29134	53	249	firm	firm	ADJ
fbem-29134	53	250	size	size	NOUN
fbem-29134	53	251	size	size	NOUN
fbem-29134	53	252	natural	natural	ADJ
fbem-29134	53	253	logarithm	logarithm	NOUN
fbem-29134	53	254	of	of	ADP
fbem-29134	53	255	total	total	ADJ
fbem-29134	53	256	assets	asset	NOUN
fbem-29134	53	257	executive	executive	NOUN
fbem-29134	53	258	shareholding	shareholding	NOUN
fbem-29134	53	259	ratio	ratio	NOUN
fbem-29134	53	260	mshare	mshare	PROPN
fbem-29134	53	261	executive	executive	PROPN
fbem-29134	53	262	shareholding	shareholding	NOUN
fbem-29134	53	263	/	/	SYM
fbem-29134	53	264	total	total	ADJ
fbem-29134	53	265	shares	share	NOUN
fbem-29134	53	266	management	management	NOUN
fbem-29134	53	267	expense	expense	NOUN
fbem-29134	53	268	ratio	ratio	NOUN
fbem-29134	53	269	fee	fee	NOUN
fbem-29134	53	270	management	management	NOUN
fbem-29134	53	271	expenses	expense	NOUN
fbem-29134	53	272	/	/	SYM
fbem-29134	53	273	main	main	ADJ
fbem-29134	53	274	business	business	NOUN
fbem-29134	53	275	revenue	revenue	NOUN
fbem-29134	53	276	proportion	proportion	NOUN
fbem-29134	53	277	of	of	ADP
fbem-29134	53	278	independent	independent	ADJ
fbem-29134	53	279	directors	director	NOUN
fbem-29134	53	280	ib	ib	NOUN
fbem-29134	53	281	number	number	NOUN
fbem-29134	53	282	of	of	ADP
fbem-29134	53	283	independent	independent	ADJ
fbem-29134	53	284	directors	director	NOUN
fbem-29134	53	285	/	/	SYM
fbem-29134	53	286	total	total	ADJ
fbem-29134	53	287	number	number	NOUN
fbem-29134	53	288	of	of	ADP
fbem-29134	53	289	board	board	NOUN
fbem-29134	53	290	mem	mem	ADJ
fbem-29134	53	291	3.3	3.3	NUM
fbem-29134	53	292	.	.	PUNCT
fbem-29134	54	1	model	model	NOUN
fbem-29134	54	2	design	design	NOUN
fbem-29134	54	3	based	base	VERB
fbem-29134	54	4	on	on	ADP
fbem-29134	54	5	the	the	DET
fbem-29134	54	6	descriptive	descriptive	ADJ
fbem-29134	54	7	statistics	statistic	NOUN
fbem-29134	54	8	and	and	CCONJ
fbem-29134	54	9	a	a	DET
fbem-29134	54	10	review	review	NOUN
fbem-29134	54	11	of	of	ADP
fbem-29134	54	12	the	the	DET
fbem-29134	54	13	relevant	relevant	ADJ
fbem-29134	54	14	literature	literature	NOUN
fbem-29134	54	15	,	,	PUNCT
fbem-29134	54	16	this	this	DET
fbem-29134	54	17	paper	paper	NOUN
fbem-29134	54	18	proposes	propose	VERB
fbem-29134	54	19	the	the	DET
fbem-29134	54	20	first	first	ADJ
fbem-29134	54	21	hypothesis	hypothesis	NOUN
fbem-29134	54	22	,	,	PUNCT
fbem-29134	54	23	which	which	PRON
fbem-29134	54	24	suggests	suggest	VERB
fbem-29134	54	25	that	that	SCONJ
fbem-29134	54	26	top	top	ADJ
fbem-29134	54	27	management	management	NOUN
fbem-29134	54	28	team	team	NOUN
fbem-29134	54	29	(	(	PUNCT
fbem-29134	54	30	tmt	tmt	PROPN
fbem-29134	54	31	)	)	PUNCT
fbem-29134	54	32	heterogeneity	heterogeneity	NOUN
fbem-29134	54	33	has	have	VERB
fbem-29134	54	34	a	a	DET
fbem-29134	54	35	suppressing	suppress	VERB
fbem-29134	54	36	effect	effect	NOUN
fbem-29134	54	37	on	on	ADP
fbem-29134	54	38	ceo	ceo	NOUN
fbem-29134	54	39	power	power	NOUN
fbem-29134	54	40	.	.	PUNCT
fbem-29134	55	1	31	31	NUM
fbem-29134	56	1	according	accord	VERB
fbem-29134	56	2	to	to	ADP
fbem-29134	56	3	hypothesis	hypothesis	NOUN
fbem-29134	56	4	1	1	NUM
fbem-29134	56	5	,	,	PUNCT
fbem-29134	56	6	to	to	PART
fbem-29134	56	7	test	test	VERB
fbem-29134	56	8	the	the	DET
fbem-29134	56	9	relationship	relationship	NOUN
fbem-29134	56	10	between	between	ADP
fbem-29134	56	11	ceo	ceo	NOUN
fbem-29134	56	12	power	power	NOUN
fbem-29134	56	13	and	and	CCONJ
fbem-29134	56	14	tmt	tmt	PROPN
fbem-29134	56	15	heterogeneity	heterogeneity	NOUN
fbem-29134	56	16	,	,	PUNCT
fbem-29134	56	17	the	the	DET
fbem-29134	56	18	following	follow	VERB
fbem-29134	56	19	model	model	NOUN
fbem-29134	56	20	is	be	AUX
fbem-29134	56	21	constructed	construct	VERB
fbem-29134	56	22	:	:	PUNCT
fbem-29134	56	23	power	power	NOUN
fbem-29134	56	24	=	=	SYM
fbem-29134	56	25	β0	β0	PROPN
fbem-29134	57	1	+	+	CCONJ
fbem-29134	57	2	β1h	β1h	PUNCT
fbem-29134	58	1	+	+	CCONJ
fbem-29134	58	2	β2x	β2x	PUNCT
fbem-29134	58	3	+	+	CCONJ
fbem-29134	58	4	φ	φ	PROPN
fbem-29134	58	5	+	+	CCONJ
fbem-29134	58	6	ϕ	ϕ	PROPN
fbem-29134	58	7	+	+	CCONJ
fbem-29134	58	8	ε	ε	PROPN
fbem-29134	58	9	where	where	SCONJ
fbem-29134	58	10	:	:	PUNCT
fbem-29134	58	11	power	power	NOUN
fbem-29134	58	12	represents	represent	VERB
fbem-29134	58	13	ceo	ceo	NOUN
fbem-29134	58	14	power	power	NOUN
fbem-29134	58	15	.	.	PUNCT
fbem-29134	59	1	h	h	PROPN
fbem-29134	59	2	represents	represent	VERB
fbem-29134	59	3	tmt	tmt	PROPN
fbem-29134	59	4	heterogeneity	heterogeneity	NOUN
fbem-29134	59	5	,	,	PUNCT
fbem-29134	59	6	including	include	VERB
fbem-29134	59	7	age	age	NOUN
fbem-29134	59	8	heterogeneity	heterogeneity	NOUN
fbem-29134	59	9	,	,	PUNCT
fbem-29134	59	10	professional	professional	ADJ
fbem-29134	59	11	background	background	NOUN
fbem-29134	59	12	heterogeneity	heterogeneity	NOUN
fbem-29134	59	13	,	,	PUNCT
fbem-29134	59	14	educational	educational	ADJ
fbem-29134	59	15	heterogeneity	heterogeneity	NOUN
fbem-29134	59	16	,	,	PUNCT
fbem-29134	59	17	and	and	CCONJ
fbem-29134	59	18	gender	gender	NOUN
fbem-29134	59	19	heterogeneity	heterogeneity	NOUN
fbem-29134	59	20	.	.	PUNCT
fbem-29134	60	1	x	x	PRON
fbem-29134	60	2	represents	represent	VERB
fbem-29134	60	3	all	all	DET
fbem-29134	60	4	control	control	NOUN
fbem-29134	60	5	variables	variable	NOUN
fbem-29134	60	6	.	.	PUNCT
fbem-29134	61	1	μt\mu_t	μt\mu_t	NOUN
fbem-29134	61	2	denotes	denote	NOUN
fbem-29134	61	3	year	year	VERB
fbem-29134	61	4	fixed	fix	VERB
fbem-29134	61	5	effects	effect	NOUN
fbem-29134	61	6	.	.	PUNCT
fbem-29134	62	1	νi\nu_i	νi\nu_i	PROPN
fbem-29134	62	2	denotes	denote	VERB
fbem-29134	62	3	firm	firm	ADJ
fbem-29134	62	4	-	-	PUNCT
fbem-29134	62	5	specific	specific	ADJ
fbem-29134	62	6	fixed	fix	VERB
fbem-29134	62	7	effects	effect	NOUN
fbem-29134	62	8	.	.	PUNCT
fbem-29134	63	1	ϵ\epsilon	ϵ\epsilon	NOUN
fbem-29134	63	2	is	be	AUX
fbem-29134	63	3	the	the	DET
fbem-29134	63	4	error	error	NOUN
fbem-29134	63	5	term	term	NOUN
fbem-29134	63	6	.	.	PUNCT
fbem-29134	64	1	4	4	X
fbem-29134	64	2	.	.	X
fbem-29134	64	3	empirical	empirical	ADJ
fbem-29134	64	4	research	research	NOUN
fbem-29134	64	5	table	table	NOUN
fbem-29134	64	6	2	2	NUM
fbem-29134	64	7	presents	present	VERB
fbem-29134	64	8	the	the	DET
fbem-29134	64	9	descriptive	descriptive	ADJ
fbem-29134	64	10	statistics	statistic	NOUN
fbem-29134	64	11	of	of	ADP
fbem-29134	64	12	the	the	DET
fbem-29134	64	13	main	main	ADJ
fbem-29134	64	14	variables	variable	NOUN
fbem-29134	64	15	.	.	PUNCT
fbem-29134	65	1	from	from	ADP
fbem-29134	65	2	table	table	NOUN
fbem-29134	65	3	2	2	NUM
fbem-29134	65	4	,	,	PUNCT
fbem-29134	65	5	it	it	PRON
fbem-29134	65	6	can	can	AUX
fbem-29134	65	7	be	be	AUX
fbem-29134	65	8	observed	observe	VERB
fbem-29134	65	9	that	that	SCONJ
fbem-29134	65	10	the	the	DET
fbem-29134	65	11	average	average	ADJ
fbem-29134	65	12	value	value	NOUN
fbem-29134	65	13	of	of	ADP
fbem-29134	65	14	the	the	DET
fbem-29134	65	15	dependent	dependent	ADJ
fbem-29134	65	16	variable	variable	NOUN
fbem-29134	65	17	,	,	PUNCT
fbem-29134	65	18	ceo	ceo	NOUN
fbem-29134	65	19	power	power	NOUN
fbem-29134	65	20	,	,	PUNCT
fbem-29134	65	21	is	be	AUX
fbem-29134	65	22	0.264	0.264	NUM
fbem-29134	65	23	,	,	PUNCT
fbem-29134	65	24	with	with	ADP
fbem-29134	65	25	a	a	DET
fbem-29134	65	26	maximum	maximum	ADJ
fbem-29134	65	27	value	value	NOUN
fbem-29134	65	28	of	of	ADP
fbem-29134	65	29	0.75	0.75	NUM
fbem-29134	65	30	.	.	PUNCT
fbem-29134	66	1	this	this	PRON
fbem-29134	66	2	suggests	suggest	VERB
fbem-29134	66	3	that	that	SCONJ
fbem-29134	66	4	,	,	PUNCT
fbem-29134	66	5	on	on	ADP
fbem-29134	66	6	average	average	ADJ
fbem-29134	66	7	,	,	PUNCT
fbem-29134	66	8	the	the	DET
fbem-29134	66	9	ceo	ceo	NOUN
fbem-29134	66	10	power	power	NOUN
fbem-29134	66	11	across	across	ADP
fbem-29134	66	12	480	480	NUM
fbem-29134	66	13	listed	list	VERB
fbem-29134	66	14	companies	company	NOUN
fbem-29134	66	15	over	over	ADP
fbem-29134	66	16	the	the	DET
fbem-29134	66	17	past	past	ADJ
fbem-29134	66	18	decade	decade	NOUN
fbem-29134	66	19	is	be	AUX
fbem-29134	66	20	not	not	PART
fbem-29134	66	21	very	very	ADV
fbem-29134	66	22	high	high	ADJ
fbem-29134	66	23	.	.	PUNCT
fbem-29134	67	1	table	table	NOUN
fbem-29134	67	2	2	2	NUM
fbem-29134	67	3	.	.	PUNCT
fbem-29134	67	4	descriptive	descriptive	ADJ
fbem-29134	67	5	statistics	statistic	NOUN
fbem-29134	67	6	variable	variable	ADJ
fbem-29134	67	7	obs	obs	PROPN
fbem-29134	67	8	mean	mean	VERB
fbem-29134	67	9	std.dev	std.dev	PROPN
fbem-29134	67	10	.	.	PUNCT
fbem-29134	68	1	min	min	PROPN
fbem-29134	68	2	max	max	PROPN
fbem-29134	68	3	hsex	hsex	PROPN
fbem-29134	68	4	4,800	4,800	NUM
fbem-29134	68	5	0.255	0.255	NUM
fbem-29134	68	6	0.134	0.134	NUM
fbem-29134	68	7	0	0	NUM
fbem-29134	68	8	0.500	0.500	NUM
fbem-29134	68	9	hedu	hedu	PROPN
fbem-29134	68	10	4,800	4,800	NUM
fbem-29134	68	11	0.629	0.629	NUM
fbem-29134	68	12	0.231	0.231	NUM
fbem-29134	68	13	0	0	NUM
fbem-29134	68	14	0.997	0.997	NUM
fbem-29134	68	15	hpro	hpro	ADJ
fbem-29134	68	16	4,800	4,800	NUM
fbem-29134	68	17	0.400	0.400	NUM
fbem-29134	68	18	0.209	0.209	NUM
fbem-29134	68	19	0	0	NUM
fbem-29134	68	20	0.778	0.778	NUM
fbem-29134	68	21	hage	hage	PROPN
fbem-29134	68	22	4,800	4,800	NUM
fbem-29134	68	23	0.461	0.461	NUM
fbem-29134	68	24	0.163	0.163	NUM
fbem-29134	68	25	0	0	NUM
fbem-29134	68	26	0.776	0.776	NUM
fbem-29134	68	27	debt	debt	NOUN
fbem-29134	68	28	4,800	4,800	NUM
fbem-29134	68	29	0.489	0.489	NUM
fbem-29134	68	30	0.204	0.204	NUM
fbem-29134	68	31	0.0291	0.0291	NUM
fbem-29134	68	32	1.223	1.223	NUM
fbem-29134	68	33	growth	growth	NOUN
fbem-29134	68	34	4,800	4,800	NUM
fbem-29134	68	35	0.233	0.233	NUM
fbem-29134	68	36	3.704	3.704	NUM
fbem-29134	68	37	-0.930	-0.930	NOUN
fbem-29134	68	38	251.8	251.8	NUM
fbem-29134	68	39	turn	turn	NOUN
fbem-29134	68	40	4,800	4,800	NUM
fbem-29134	68	41	0.766	0.766	NUM
fbem-29134	68	42	0.544	0.544	NUM
fbem-29134	68	43	0.0116	0.0116	NUM
fbem-29134	68	44	6.250	6.250	NUM
fbem-29134	68	45	size	size	NOUN
fbem-29134	68	46	4,800	4,800	NUM
fbem-29134	68	47	22.29	22.29	NUM
fbem-29134	68	48	1.356	1.356	NUM
fbem-29134	68	49	19.20	19.20	NUM
fbem-29134	68	50	28.10	28.10	NUM
fbem-29134	68	51	fee	fee	NOUN
fbem-29134	68	52	4,800	4,800	NUM
fbem-29134	69	1	0.0883	0.0883	NUM
fbem-29134	69	2	0.136	0.136	NUM
fbem-29134	69	3	0.00402	0.00402	NUM
fbem-29134	69	4	7.714	7.714	NUM
fbem-29134	69	5	mshare	mshare	NOUN
fbem-29134	69	6	4,800	4,800	NUM
fbem-29134	69	7	0.0442	0.0442	NUM
fbem-29134	69	8	0.115	0.115	NUM
fbem-29134	69	9	0	0	NUM
fbem-29134	69	10	0.754	0.754	NUM
fbem-29134	69	11	own1	own1	NOUN
fbem-29134	69	12	4,800	4,800	NUM
fbem-29134	69	13	0.343	0.343	NUM
fbem-29134	69	14	0.146	0.146	NUM
fbem-29134	69	15	0.0389	0.0389	NUM
fbem-29134	69	16	0.900	0.900	NUM
fbem-29134	69	17	board	board	NOUN
fbem-29134	69	18	4,800	4,800	NUM
fbem-29134	69	19	2.163	2.163	NUM
fbem-29134	69	20	0.207	0.207	NUM
fbem-29134	69	21	0.693	0.693	NUM
fbem-29134	69	22	3.045	3.045	NUM
fbem-29134	69	23	ib	ib	NOUN
fbem-29134	69	24	4,800	4,800	NUM
fbem-29134	69	25	0.366	0.366	NUM
fbem-29134	69	26	0.0513	0.0513	NUM
fbem-29134	69	27	0	0	NUM
fbem-29134	69	28	0.667	0.667	NUM
fbem-29134	69	29	roa	roa	NOUN
fbem-29134	69	30	4,800	4,800	NUM
fbem-29134	69	31	0.0430	0.0430	NUM
fbem-29134	69	32	0.0640	0.0640	NUM
fbem-29134	69	33	-0.999	-0.999	NOUN
fbem-29134	69	34	0.480	0.480	NUM
fbem-29134	69	35	pro_po	pro_po	PRON
fbem-29134	69	36	wer	wer	NOUN
fbem-29134	69	37	4,800	4,800	NUM
fbem-29134	69	38	0.0113	0.0113	NUM
fbem-29134	69	39	0.105	0.105	NUM
fbem-29134	69	40	0	0	NUM
fbem-29134	69	41	1	1	NUM
fbem-29134	69	42	organ_p	organ_p	NOUN
fbem-29134	69	43	ower	ower	VERB
fbem-29134	69	44	4,800	4,800	NUM
fbem-29134	69	45	0.179	0.179	NUM
fbem-29134	69	46	0.383	0.383	NUM
fbem-29134	69	47	0	0	NUM
fbem-29134	69	48	1	1	NUM
fbem-29134	69	49	control	control	NOUN
fbem-29134	69	50	_	_	PRON
fbem-29134	69	51	power	power	NOUN
fbem-29134	69	52	4,800	4,800	NUM
fbem-29134	69	53	0.403	0.403	NUM
fbem-29134	69	54	0.490	0.490	NUM
fbem-29134	69	55	0	0	NUM
fbem-29134	69	56	1	1	NUM
fbem-29134	69	57	repu_p	repu_p	VERB
fbem-29134	69	58	ower	ower	NOUN
fbem-29134	69	59	4,800	4,800	NUM
fbem-29134	69	60	0.465	0.465	NUM
fbem-29134	69	61	0.499	0.499	NUM
fbem-29134	69	62	0	0	NUM
fbem-29134	69	63	1	1	NUM
fbem-29134	69	64	power	power	NOUN
fbem-29134	69	65	4,800	4,800	NUM
fbem-29134	69	66	0.264	0.264	NUM
fbem-29134	69	67	0.218	0.218	NUM
fbem-29134	69	68	0	0	NUM
fbem-29134	69	69	0.750	0.750	NUM
fbem-29134	69	70	among	among	ADP
fbem-29134	69	71	the	the	DET
fbem-29134	69	72	independent	independent	ADJ
fbem-29134	69	73	variables	variable	NOUN
fbem-29134	69	74	,	,	PUNCT
fbem-29134	69	75	the	the	DET
fbem-29134	69	76	various	various	ADJ
fbem-29134	69	77	measures	measure	NOUN
fbem-29134	69	78	of	of	ADP
fbem-29134	69	79	top	top	ADJ
fbem-29134	69	80	management	management	NOUN
fbem-29134	69	81	team	team	NOUN
fbem-29134	69	82	heterogeneity	heterogeneity	NOUN
fbem-29134	69	83	show	show	VERB
fbem-29134	69	84	that	that	SCONJ
fbem-29134	69	85	educational	educational	ADJ
fbem-29134	69	86	heterogeneity	heterogeneity	NOUN
fbem-29134	69	87	is	be	AUX
fbem-29134	69	88	the	the	DET
fbem-29134	69	89	highest	high	ADJ
fbem-29134	69	90	,	,	PUNCT
fbem-29134	69	91	while	while	SCONJ
fbem-29134	69	92	gender	gender	NOUN
fbem-29134	69	93	heterogeneity	heterogeneity	NOUN
fbem-29134	69	94	is	be	AUX
fbem-29134	69	95	the	the	DET
fbem-29134	69	96	lowest	low	ADJ
fbem-29134	69	97	.	.	PUNCT
fbem-29134	70	1	this	this	PRON
fbem-29134	70	2	may	may	AUX
fbem-29134	70	3	be	be	AUX
fbem-29134	70	4	due	due	ADJ
fbem-29134	70	5	to	to	ADP
fbem-29134	70	6	the	the	DET
fbem-29134	70	7	glass	glass	NOUN
fbem-29134	70	8	ceiling	ceiling	NOUN
fbem-29134	70	9	phenomenon	phenomenon	NOUN
fbem-29134	70	10	within	within	ADP
fbem-29134	70	11	companies	company	NOUN
fbem-29134	70	12	,	,	PUNCT
fbem-29134	70	13	where	where	SCONJ
fbem-29134	70	14	the	the	DET
fbem-29134	70	15	majority	majority	NOUN
fbem-29134	70	16	of	of	ADP
fbem-29134	70	17	top	top	ADJ
fbem-29134	70	18	management	management	NOUN
fbem-29134	70	19	are	be	AUX
fbem-29134	70	20	male	male	ADJ
fbem-29134	70	21	and	and	CCONJ
fbem-29134	70	22	women	woman	NOUN
fbem-29134	70	23	are	be	AUX
fbem-29134	70	24	in	in	ADP
fbem-29134	70	25	the	the	DET
fbem-29134	70	26	minority	minority	NOUN
fbem-29134	70	27	.	.	PUNCT
fbem-29134	71	1	regarding	regard	VERB
fbem-29134	71	2	educational	educational	ADJ
fbem-29134	71	3	background	background	NOUN
fbem-29134	71	4	,	,	PUNCT
fbem-29134	71	5	there	there	PRON
fbem-29134	71	6	is	be	VERB
fbem-29134	71	7	also	also	ADV
fbem-29134	71	8	significant	significant	ADJ
fbem-29134	71	9	educational	educational	ADJ
fbem-29134	71	10	discrimination	discrimination	NOUN
fbem-29134	71	11	within	within	ADP
fbem-29134	71	12	the	the	DET
fbem-29134	71	13	top	top	ADJ
fbem-29134	71	14	management	management	NOUN
fbem-29134	71	15	teams	team	NOUN
fbem-29134	71	16	—	—	PUNCT
fbem-29134	71	17	those	those	PRON
fbem-29134	71	18	with	with	ADP
fbem-29134	71	19	higher	high	ADJ
fbem-29134	71	20	educational	educational	ADJ
fbem-29134	71	21	qualifications	qualification	NOUN
fbem-29134	71	22	tend	tend	VERB
fbem-29134	71	23	to	to	PART
fbem-29134	71	24	hold	hold	VERB
fbem-29134	71	25	more	more	ADJ
fbem-29134	71	26	prominent	prominent	ADJ
fbem-29134	71	27	positions	position	NOUN
fbem-29134	71	28	within	within	ADP
fbem-29134	71	29	the	the	DET
fbem-29134	71	30	team	team	NOUN
fbem-29134	71	31	.	.	PUNCT
fbem-29134	72	1	in	in	ADP
fbem-29134	72	2	terms	term	NOUN
fbem-29134	72	3	of	of	ADP
fbem-29134	72	4	control	control	NOUN
fbem-29134	72	5	variables	variable	NOUN
fbem-29134	72	6	,	,	PUNCT
fbem-29134	72	7	it	it	PRON
fbem-29134	72	8	can	can	AUX
fbem-29134	72	9	be	be	AUX
fbem-29134	72	10	seen	see	VERB
fbem-29134	72	11	that	that	SCONJ
fbem-29134	72	12	the	the	DET
fbem-29134	72	13	average	average	ADJ
fbem-29134	72	14	proportion	proportion	NOUN
fbem-29134	72	15	of	of	ADP
fbem-29134	72	16	shares	share	NOUN
fbem-29134	72	17	held	hold	VERB
fbem-29134	72	18	by	by	ADP
fbem-29134	72	19	the	the	DET
fbem-29134	72	20	largest	large	ADJ
fbem-29134	72	21	shareholder	shareholder	NOUN
fbem-29134	72	22	is	be	AUX
fbem-29134	72	23	34.3	34.3	NUM
fbem-29134	72	24	%	%	NOUN
fbem-29134	72	25	,	,	PUNCT
fbem-29134	72	26	indicating	indicate	VERB
fbem-29134	72	27	a	a	DET
fbem-29134	72	28	relatively	relatively	ADV
fbem-29134	72	29	concentrated	concentrated	ADJ
fbem-29134	72	30	ownership	ownership	NOUN
fbem-29134	72	31	structure	structure	NOUN
fbem-29134	72	32	.	.	PUNCT
fbem-29134	73	1	the	the	DET
fbem-29134	73	2	average	average	ADJ
fbem-29134	73	3	proportion	proportion	NOUN
fbem-29134	73	4	of	of	ADP
fbem-29134	73	5	independent	independent	ADJ
fbem-29134	73	6	directors	director	NOUN
fbem-29134	73	7	on	on	ADP
fbem-29134	73	8	the	the	DET
fbem-29134	73	9	board	board	NOUN
fbem-29134	73	10	is	be	AUX
fbem-29134	73	11	36.6	36.6	NUM
fbem-29134	73	12	%	%	NOUN
fbem-29134	73	13	,	,	PUNCT
fbem-29134	73	14	suggesting	suggest	VERB
fbem-29134	73	15	that	that	SCONJ
fbem-29134	73	16	internal	internal	ADJ
fbem-29134	73	17	governance	governance	NOUN
fbem-29134	73	18	is	be	AUX
fbem-29134	73	19	at	at	ADP
fbem-29134	73	20	a	a	DET
fbem-29134	73	21	relatively	relatively	ADV
fbem-29134	73	22	high	high	ADJ
fbem-29134	73	23	level	level	NOUN
fbem-29134	73	24	and	and	CCONJ
fbem-29134	73	25	complies	complie	NOUN
fbem-29134	73	26	with	with	ADP
fbem-29134	73	27	the	the	DET
fbem-29134	73	28	basic	basic	ADJ
fbem-29134	73	29	requirements	requirement	NOUN
fbem-29134	73	30	for	for	ADP
fbem-29134	73	31	the	the	DET
fbem-29134	73	32	proportion	proportion	NOUN
fbem-29134	73	33	of	of	ADP
fbem-29134	73	34	independent	independent	ADJ
fbem-29134	73	35	directors	director	NOUN
fbem-29134	73	36	in	in	ADP
fbem-29134	73	37	listed	list	VERB
fbem-29134	73	38	companies	company	NOUN
fbem-29134	73	39	.	.	PUNCT
fbem-29134	74	1	4.1	4.1	NUM
fbem-29134	74	2	.	.	PUNCT
fbem-29134	75	1	empirical	empirical	ADJ
fbem-29134	75	2	results	result	NOUN
fbem-29134	75	3	analysis	analysis	NOUN
fbem-29134	75	4	this	this	DET
fbem-29134	75	5	paper	paper	NOUN
fbem-29134	75	6	first	first	ADV
fbem-29134	75	7	conducts	conduct	VERB
fbem-29134	75	8	a	a	DET
fbem-29134	75	9	regression	regression	NOUN
fbem-29134	75	10	analysis	analysis	NOUN
fbem-29134	75	11	using	use	VERB
fbem-29134	75	12	ordinary	ordinary	ADJ
fbem-29134	75	13	least	least	ADJ
fbem-29134	75	14	squares	square	NOUN
fbem-29134	75	15	(	(	PUNCT
fbem-29134	75	16	ols	ol	NOUN
fbem-29134	75	17	)	)	PUNCT
fbem-29134	75	18	for	for	ADP
fbem-29134	75	19	model	model	NOUN
fbem-29134	75	20	(	(	PUNCT
fbem-29134	75	21	1	1	NUM
fbem-29134	75	22	)	)	PUNCT
fbem-29134	75	23	,	,	PUNCT
fbem-29134	75	24	including	include	VERB
fbem-29134	75	25	year	year	NOUN
fbem-29134	75	26	fixed	fix	VERB
fbem-29134	75	27	effects	effect	NOUN
fbem-29134	75	28	and	and	CCONJ
fbem-29134	75	29	firm	firm	ADJ
fbem-29134	75	30	-	-	PUNCT
fbem-29134	75	31	specific	specific	ADJ
fbem-29134	75	32	fixed	fix	VERB
fbem-29134	75	33	effects	effect	NOUN
fbem-29134	75	34	in	in	ADP
fbem-29134	75	35	all	all	DET
fbem-29134	75	36	regressions	regression	NOUN
fbem-29134	75	37	,	,	PUNCT
fbem-29134	75	38	and	and	CCONJ
fbem-29134	75	39	robust	robust	ADJ
fbem-29134	75	40	standard	standard	ADJ
fbem-29134	75	41	errors	error	NOUN
fbem-29134	75	42	.	.	PUNCT
fbem-29134	76	1	the	the	DET
fbem-29134	76	2	regression	regression	NOUN
fbem-29134	76	3	results	result	NOUN
fbem-29134	76	4	are	be	AUX
fbem-29134	76	5	shown	show	VERB
fbem-29134	76	6	in	in	ADP
fbem-29134	76	7	table	table	NOUN
fbem-29134	76	8	3	3	NUM
fbem-29134	76	9	.	.	PUNCT
fbem-29134	76	10	from	from	ADP
fbem-29134	76	11	table	table	NOUN
fbem-29134	76	12	3	3	NUM
fbem-29134	76	13	,	,	PUNCT
fbem-29134	76	14	it	it	PRON
fbem-29134	76	15	can	can	AUX
fbem-29134	76	16	be	be	AUX
fbem-29134	76	17	seen	see	VERB
fbem-29134	76	18	that	that	SCONJ
fbem-29134	76	19	not	not	PART
fbem-29134	76	20	all	all	DET
fbem-29134	76	21	dimensions	dimension	NOUN
fbem-29134	76	22	of	of	ADP
fbem-29134	76	23	top	top	ADJ
fbem-29134	76	24	management	management	NOUN
fbem-29134	76	25	team	team	NOUN
fbem-29134	76	26	heterogeneity	heterogeneity	NOUN
fbem-29134	76	27	have	have	VERB
fbem-29134	76	28	a	a	DET
fbem-29134	76	29	significant	significant	ADJ
fbem-29134	76	30	impact	impact	NOUN
fbem-29134	76	31	on	on	ADP
fbem-29134	76	32	ceo	ceo	NOUN
fbem-29134	76	33	power	power	NOUN
fbem-29134	76	34	.	.	PUNCT
fbem-29134	77	1	among	among	ADP
fbem-29134	77	2	the	the	DET
fbem-29134	77	3	four	four	NUM
fbem-29134	77	4	heterogeneity	heterogeneity	NOUN
fbem-29134	77	5	characteristics	characteristic	NOUN
fbem-29134	77	6	,	,	PUNCT
fbem-29134	77	7	only	only	ADV
fbem-29134	77	8	educational	educational	ADJ
fbem-29134	77	9	background	background	NOUN
fbem-29134	77	10	heterogeneity	heterogeneity	NOUN
fbem-29134	77	11	affects	affect	VERB
fbem-29134	77	12	ceo	ceo	NOUN
fbem-29134	77	13	power	power	NOUN
fbem-29134	77	14	.	.	PUNCT
fbem-29134	78	1	this	this	PRON
fbem-29134	78	2	can	can	AUX
fbem-29134	78	3	be	be	AUX
fbem-29134	78	4	understood	understand	VERB
fbem-29134	78	5	.	.	PUNCT
fbem-29134	79	1	compared	compare	VERB
fbem-29134	79	2	to	to	ADP
fbem-29134	79	3	gender	gender	NOUN
fbem-29134	79	4	or	or	CCONJ
fbem-29134	79	5	age	age	NOUN
fbem-29134	79	6	heterogeneity	heterogeneity	NOUN
fbem-29134	79	7	,	,	PUNCT
fbem-29134	79	8	differences	difference	NOUN
fbem-29134	79	9	in	in	ADP
fbem-29134	79	10	educational	educational	ADJ
fbem-29134	79	11	background	background	NOUN
fbem-29134	79	12	are	be	AUX
fbem-29134	79	13	more	more	ADV
fbem-29134	79	14	likely	likely	ADJ
fbem-29134	79	15	to	to	PART
fbem-29134	79	16	cause	cause	VERB
fbem-29134	79	17	internal	internal	ADJ
fbem-29134	79	18	disagreements	disagreement	NOUN
fbem-29134	79	19	within	within	ADP
fbem-29134	79	20	the	the	DET
fbem-29134	79	21	top	top	ADJ
fbem-29134	79	22	management	management	NOUN
fbem-29134	79	23	team	team	NOUN
fbem-29134	79	24	.	.	PUNCT
fbem-29134	80	1	due	due	ADP
fbem-29134	80	2	to	to	ADP
fbem-29134	80	3	differing	differ	VERB
fbem-29134	80	4	values	value	NOUN
fbem-29134	80	5	shaped	shape	VERB
fbem-29134	80	6	by	by	ADP
fbem-29134	80	7	distinct	distinct	ADJ
fbem-29134	80	8	cultural	cultural	ADJ
fbem-29134	80	9	backgrounds	background	NOUN
fbem-29134	80	10	,	,	PUNCT
fbem-29134	80	11	opinions	opinion	NOUN
fbem-29134	80	12	on	on	ADP
fbem-29134	80	13	the	the	DET
fbem-29134	80	14	company	company	NOUN
fbem-29134	80	15	’s	’s	PART
fbem-29134	80	16	future	future	ADJ
fbem-29134	80	17	development	development	NOUN
fbem-29134	80	18	may	may	AUX
fbem-29134	80	19	vary	vary	VERB
fbem-29134	80	20	.	.	PUNCT
fbem-29134	81	1	additionally	additionally	ADV
fbem-29134	81	2	,	,	PUNCT
fbem-29134	81	3	individuals	individual	NOUN
fbem-29134	81	4	with	with	ADP
fbem-29134	81	5	higher	high	ADJ
fbem-29134	81	6	educational	educational	ADJ
fbem-29134	81	7	qualifications	qualification	NOUN
fbem-29134	81	8	tend	tend	VERB
fbem-29134	81	9	not	not	PART
fbem-29134	81	10	to	to	PART
fbem-29134	81	11	easily	easily	ADV
fbem-29134	81	12	submit	submit	VERB
fbem-29134	81	13	to	to	ADP
fbem-29134	81	14	the	the	DET
fbem-29134	81	15	ceo	ceo	NOUN
fbem-29134	81	16	’s	’s	PART
fbem-29134	81	17	authority	authority	NOUN
fbem-29134	81	18	,	,	PUNCT
fbem-29134	81	19	as	as	SCONJ
fbem-29134	81	20	the	the	DET
fbem-29134	81	21	company	company	NOUN
fbem-29134	81	22	needs	need	VERB
fbem-29134	81	23	them	they	PRON
fbem-29134	81	24	to	to	PART
fbem-29134	81	25	voice	voice	VERB
fbem-29134	81	26	alternative	alternative	ADJ
fbem-29134	81	27	perspectives	perspective	NOUN
fbem-29134	81	28	,	,	PUNCT
fbem-29134	81	29	thus	thus	ADV
fbem-29134	81	30	exerting	exert	VERB
fbem-29134	81	31	some	some	DET
fbem-29134	81	32	suppression	suppression	NOUN
fbem-29134	81	33	on	on	ADP
fbem-29134	81	34	ceo	ceo	NOUN
fbem-29134	81	35	power	power	NOUN
fbem-29134	81	36	to	to	PART
fbem-29134	81	37	prevent	prevent	VERB
fbem-29134	81	38	its	its	PRON
fbem-29134	81	39	abuse	abuse	NOUN
fbem-29134	81	40	.	.	PUNCT
fbem-29134	82	1	therefore	therefore	ADV
fbem-29134	82	2	,	,	PUNCT
fbem-29134	82	3	it	it	PRON
fbem-29134	82	4	can	can	AUX
fbem-29134	82	5	be	be	AUX
fbem-29134	82	6	observed	observe	VERB
fbem-29134	82	7	that	that	SCONJ
fbem-29134	82	8	educational	educational	ADJ
fbem-29134	82	9	heterogeneity	heterogeneity	NOUN
fbem-29134	82	10	within	within	ADP
fbem-29134	82	11	the	the	DET
fbem-29134	82	12	top	top	ADJ
fbem-29134	82	13	management	management	NOUN
fbem-29134	82	14	team	team	NOUN
fbem-29134	82	15	has	have	VERB
fbem-29134	82	16	a	a	DET
fbem-29134	82	17	significant	significant	ADJ
fbem-29134	82	18	negative	negative	ADJ
fbem-29134	82	19	correlation	correlation	NOUN
fbem-29134	82	20	with	with	ADP
fbem-29134	82	21	ceo	ceo	NOUN
fbem-29134	82	22	power	power	NOUN
fbem-29134	82	23	,	,	PUNCT
fbem-29134	82	24	which	which	PRON
fbem-29134	82	25	is	be	AUX
fbem-29134	82	26	consistent	consistent	ADJ
fbem-29134	82	27	with	with	ADP
fbem-29134	82	28	real	real	ADJ
fbem-29134	82	29	-	-	PUNCT
fbem-29134	82	30	world	world	NOUN
fbem-29134	82	31	conditions	condition	NOUN
fbem-29134	82	32	.	.	PUNCT
fbem-29134	83	1	the	the	DET
fbem-29134	83	2	insignificance	insignificance	NOUN
fbem-29134	83	3	of	of	ADP
fbem-29134	83	4	professional	professional	ADJ
fbem-29134	83	5	background	background	NOUN
fbem-29134	83	6	heterogeneity	heterogeneity	NOUN
fbem-29134	83	7	is	be	AUX
fbem-29134	83	8	easily	easily	ADV
fbem-29134	83	9	understandable	understandable	ADJ
fbem-29134	83	10	.	.	PUNCT
fbem-29134	84	1	an	an	DET
fbem-29134	84	2	efficient	efficient	ADJ
fbem-29134	84	3	top	top	ADJ
fbem-29134	84	4	management	management	NOUN
fbem-29134	84	5	team	team	NOUN
fbem-29134	84	6	requires	require	VERB
fbem-29134	84	7	collaboration	collaboration	NOUN
fbem-29134	84	8	among	among	ADP
fbem-29134	84	9	individuals	individual	NOUN
fbem-29134	84	10	from	from	ADP
fbem-29134	84	11	different	different	ADJ
fbem-29134	84	12	positions	position	NOUN
fbem-29134	84	13	to	to	PART
fbem-29134	84	14	manage	manage	VERB
fbem-29134	84	15	the	the	DET
fbem-29134	84	16	company	company	NOUN
fbem-29134	84	17	effectively	effectively	ADV
fbem-29134	84	18	.	.	PUNCT
fbem-29134	85	1	this	this	DET
fbem-29134	85	2	type	type	NOUN
fbem-29134	85	3	of	of	ADP
fbem-29134	85	4	heterogeneity	heterogeneity	NOUN
fbem-29134	85	5	is	be	AUX
fbem-29134	85	6	unavoidable	unavoidable	ADJ
fbem-29134	85	7	and	and	CCONJ
fbem-29134	85	8	is	be	AUX
fbem-29134	85	9	a	a	DET
fbem-29134	85	10	common	common	ADJ
fbem-29134	85	11	phenomenon	phenomenon	NOUN
fbem-29134	85	12	in	in	ADP
fbem-29134	85	13	every	every	DET
fbem-29134	85	14	listed	list	VERB
fbem-29134	85	15	company	company	NOUN
fbem-29134	85	16	,	,	PUNCT
fbem-29134	85	17	so	so	ADV
fbem-29134	85	18	its	its	PRON
fbem-29134	85	19	variation	variation	NOUN
fbem-29134	85	20	does	do	AUX
fbem-29134	85	21	not	not	PART
fbem-29134	85	22	have	have	VERB
fbem-29134	85	23	a	a	DET
fbem-29134	85	24	significant	significant	ADJ
fbem-29134	85	25	impact	impact	NOUN
fbem-29134	85	26	on	on	ADP
fbem-29134	85	27	ceo	ceo	NOUN
fbem-29134	85	28	power	power	NOUN
fbem-29134	85	29	.	.	PUNCT
fbem-29134	86	1	table	table	NOUN
fbem-29134	86	2	3	3	NUM
fbem-29134	86	3	.	.	PUNCT
fbem-29134	87	1	regression	regression	NOUN
fbem-29134	87	2	results	result	NOUN
fbem-29134	87	3	of	of	ADP
fbem-29134	87	4	ceo	ceo	NOUN
fbem-29134	87	5	power	power	NOUN
fbem-29134	87	6	(	(	PUNCT
fbem-29134	87	7	1	1	NUM
fbem-29134	87	8	)	)	PUNCT
fbem-29134	87	9	(	(	PUNCT
fbem-29134	87	10	2	2	NUM
fbem-29134	87	11	)	)	PUNCT
fbem-29134	87	12	(	(	PUNCT
fbem-29134	87	13	3	3	X
fbem-29134	87	14	)	)	PUNCT
fbem-29134	87	15	(	(	PUNCT
fbem-29134	87	16	4	4	X
fbem-29134	87	17	)	)	PUNCT
fbem-29134	87	18	variables	variable	VERB
fbem-29134	87	19	power	power	NOUN
fbem-29134	87	20	power	power	NOUN
fbem-29134	87	21	power	power	NOUN
fbem-29134	87	22	power	power	NOUN
fbem-29134	87	23	hsex	hsex	PROPN
fbem-29134	87	24	-0.0419	-0.0419	X
fbem-29134	87	25	(	(	PUNCT
fbem-29134	87	26	-1.386	-1.386	X
fbem-29134	87	27	)	)	PUNCT
fbem-29134	87	28	hedu	hedu	NOUN
fbem-29134	87	29	-0.0539	-0.0539	NOUN
fbem-29134	87	30	*	*	PUNCT
fbem-29134	87	31	*	*	PUNCT
fbem-29134	87	32	(	(	PUNCT
fbem-29134	87	33	-2.270	-2.270	INTJ
fbem-29134	87	34	)	)	PUNCT
fbem-29134	88	1	hpro	hpro	NOUN
fbem-29134	88	2	-0.0212	-0.0212	PROPN
fbem-29134	89	1	(	(	PUNCT
fbem-29134	89	2	-0.912	-0.912	PROPN
fbem-29134	89	3	)	)	PUNCT
fbem-29134	89	4	hage	hage	PROPN
fbem-29134	89	5	-0.0334	-0.0334	NOUN
fbem-29134	89	6	(	(	PUNCT
fbem-29134	89	7	-1.585	-1.585	VERB
fbem-29134	89	8	)	)	PUNCT
fbem-29134	89	9	constant	constant	ADJ
fbem-29134	89	10	-0.433	-0.433	NOUN
fbem-29134	89	11	*	*	NOUN
fbem-29134	89	12	-0.405	-0.405	PUNCT
fbem-29134	89	13	-0.433	-0.433	X
fbem-29134	89	14	*	*	PUNCT
fbem-29134	89	15	-0.435	-0.435	NOUN
fbem-29134	89	16	*	*	X
fbem-29134	89	17	(	(	PUNCT
fbem-29134	89	18	-1.651	-1.651	ADJ
fbem-29134	89	19	)	)	PUNCT
fbem-29134	89	20	(	(	PUNCT
fbem-29134	89	21	-1.533	-1.533	X
fbem-29134	89	22	)	)	PUNCT
fbem-29134	89	23	(	(	PUNCT
fbem-29134	89	24	-1.659	-1.659	X
fbem-29134	89	25	)	)	PUNCT
fbem-29134	89	26	(	(	PUNCT
fbem-29134	89	27	-1.662	-1.662	X
fbem-29134	89	28	)	)	PUNCT
fbem-29134	89	29	observations	observation	NOUN
fbem-29134	89	30	4,800	4,800	NUM
fbem-29134	89	31	4,800	4,800	NUM
fbem-29134	89	32	4,800	4,800	NUM
fbem-29134	89	33	4,800	4,800	NUM
fbem-29134	89	34	r	r	NOUN
fbem-29134	89	35	-	-	PUNCT
fbem-29134	89	36	squared	square	VERB
fbem-29134	89	37	0.023	0.023	NUM
fbem-29134	89	38	0.025	0.025	NUM
fbem-29134	89	39	0.022	0.022	NUM
fbem-29134	89	40	0.023	0.023	NUM
fbem-29134	89	41	numberofstkcd	numberofstkcd	NOUN
fbem-29134	89	42	480	480	NUM
fbem-29134	89	43	480	480	NUM
fbem-29134	89	44	480	480	NUM
fbem-29134	89	45	480	480	NUM
fbem-29134	89	46	companyfe	companyfe	ADV
fbem-29134	90	1	yes	yes	INTJ
fbem-29134	91	1	yes	yes	INTJ
fbem-29134	92	1	yes	yes	INTJ
fbem-29134	93	1	yes	yes	INTJ
fbem-29134	94	1	yearfe	yearfe	INTJ
fbem-29134	95	1	yes	yes	INTJ
fbem-29134	96	1	yes	yes	INTJ
fbem-29134	97	1	yes	yes	INTJ
fbem-29134	97	2	yes	yes	INTJ
fbem-29134	97	3	robustt	robustt	NOUN
fbem-29134	97	4	-	-	NOUN
fbem-29134	97	5	statisticsinparentheses	statisticsinparenthese	NOUN
fbem-29134	97	6	*	*	PUNCT
fbem-29134	97	7	*	*	PUNCT
fbem-29134	97	8	*	*	PUNCT
fbem-29134	97	9	p<0.01	p<0.01	PROPN
fbem-29134	97	10	,	,	PUNCT
fbem-29134	97	11	*	*	PUNCT
fbem-29134	97	12	*	*	NOUN
fbem-29134	97	13	p<0.05	p<0.05	NOUN
fbem-29134	97	14	,	,	PUNCT
fbem-29134	97	15	*	*	PUNCT
fbem-29134	97	16	p<0.1	p<0.1	NUM
fbem-29134	97	17	based	base	VERB
fbem-29134	97	18	on	on	ADP
fbem-29134	97	19	the	the	DET
fbem-29134	97	20	above	above	NOUN
fbem-29134	97	21	,	,	PUNCT
fbem-29134	97	22	it	it	PRON
fbem-29134	97	23	can	can	AUX
fbem-29134	97	24	be	be	AUX
fbem-29134	97	25	preliminarily	preliminarily	ADV
fbem-29134	97	26	concluded	conclude	VERB
fbem-29134	97	27	that	that	SCONJ
fbem-29134	97	28	top	top	ADJ
fbem-29134	97	29	management	management	NOUN
fbem-29134	97	30	team	team	NOUN
fbem-29134	97	31	heterogeneity	heterogeneity	NOUN
fbem-29134	97	32	has	have	VERB
fbem-29134	97	33	a	a	DET
fbem-29134	97	34	significant	significant	ADJ
fbem-29134	97	35	impact	impact	NOUN
fbem-29134	97	36	on	on	ADP
fbem-29134	97	37	ceo	ceo	NOUN
fbem-29134	97	38	power	power	NOUN
fbem-29134	97	39	.	.	PUNCT
fbem-29134	98	1	however	however	ADV
fbem-29134	98	2	,	,	PUNCT
fbem-29134	98	3	according	accord	VERB
fbem-29134	98	4	to	to	ADP
fbem-29134	98	5	the	the	DET
fbem-29134	98	6	research	research	NOUN
fbem-29134	98	7	by	by	ADP
fbem-29134	98	8	32	32	NUM
fbem-29134	98	9	amason	amason	NOUN
fbem-29134	98	10	and	and	CCONJ
fbem-29134	98	11	sapienza	sapienza	PROPN
fbem-29134	98	12	,	,	PUNCT
fbem-29134	98	13	the	the	DET
fbem-29134	98	14	diversity	diversity	NOUN
fbem-29134	98	15	of	of	ADP
fbem-29134	98	16	backgrounds	background	NOUN
fbem-29134	98	17	among	among	ADP
fbem-29134	98	18	top	top	ADJ
fbem-29134	98	19	management	management	NOUN
fbem-29134	98	20	team	team	NOUN
fbem-29134	98	21	members	member	NOUN
fbem-29134	98	22	helps	helps	AUX
fbem-29134	98	23	improve	improve	VERB
fbem-29134	98	24	decisionmaking	decisionmake	VERB
fbem-29134	98	25	quality	quality	NOUN
fbem-29134	98	26	,	,	PUNCT
fbem-29134	98	27	which	which	PRON
fbem-29134	98	28	suggests	suggest	VERB
fbem-29134	98	29	that	that	SCONJ
fbem-29134	98	30	the	the	DET
fbem-29134	98	31	diversity	diversity	NOUN
fbem-29134	98	32	of	of	ADP
fbem-29134	98	33	the	the	DET
fbem-29134	98	34	top	top	ADJ
fbem-29134	98	35	management	management	NOUN
fbem-29134	98	36	team	team	NOUN
fbem-29134	98	37	’s	’s	PART
fbem-29134	98	38	backgrounds	background	NOUN
fbem-29134	98	39	may	may	AUX
fbem-29134	98	40	have	have	VERB
fbem-29134	98	41	multiple	multiple	ADJ
fbem-29134	98	42	effects	effect	NOUN
fbem-29134	98	43	on	on	ADP
fbem-29134	98	44	ceo	ceo	NOUN
fbem-29134	98	45	power	power	NOUN
fbem-29134	98	46	.	.	PUNCT
fbem-29134	99	1	from	from	ADP
fbem-29134	99	2	a	a	DET
fbem-29134	99	3	theoretical	theoretical	ADJ
fbem-29134	99	4	perspective	perspective	NOUN
fbem-29134	99	5	,	,	PUNCT
fbem-29134	99	6	top	top	ADJ
fbem-29134	99	7	management	management	NOUN
fbem-29134	99	8	team	team	NOUN
fbem-29134	99	9	heterogeneity	heterogeneity	NOUN
fbem-29134	99	10	exhibits	exhibit	VERB
fbem-29134	99	11	two	two	NUM
fbem-29134	99	12	contradictory	contradictory	ADJ
fbem-29134	99	13	effects	effect	NOUN
fbem-29134	99	14	:	:	PUNCT
fbem-29134	99	15	on	on	ADP
fbem-29134	99	16	one	one	NUM
fbem-29134	99	17	hand	hand	NOUN
fbem-29134	99	18	,	,	PUNCT
fbem-29134	99	19	when	when	SCONJ
fbem-29134	99	20	the	the	DET
fbem-29134	99	21	education	education	NOUN
fbem-29134	99	22	level	level	NOUN
fbem-29134	99	23	of	of	ADP
fbem-29134	99	24	team	team	NOUN
fbem-29134	99	25	members	member	NOUN
fbem-29134	99	26	reaches	reach	VERB
fbem-29134	99	27	a	a	DET
fbem-29134	99	28	certain	certain	ADJ
fbem-29134	99	29	threshold	threshold	NOUN
fbem-29134	99	30	,	,	PUNCT
fbem-29134	99	31	non	non	ADJ
fbem-29134	99	32	-	-	ADJ
fbem-29134	99	33	ceo	ceo	ADJ
fbem-29134	99	34	executives	executive	NOUN
fbem-29134	99	35	with	with	ADP
fbem-29134	99	36	similar	similar	ADJ
fbem-29134	99	37	characteristics	characteristic	NOUN
fbem-29134	99	38	may	may	AUX
fbem-29134	99	39	form	form	VERB
fbem-29134	99	40	an	an	DET
fbem-29134	99	41	alliance	alliance	NOUN
fbem-29134	99	42	to	to	PART
fbem-29134	99	43	collectively	collectively	ADV
fbem-29134	99	44	oppose	oppose	VERB
fbem-29134	99	45	the	the	DET
fbem-29134	99	46	ceo	ceo	NOUN
fbem-29134	99	47	's	's	PART
fbem-29134	99	48	autocratic	autocratic	ADJ
fbem-29134	99	49	dominance	dominance	NOUN
fbem-29134	99	50	,	,	PUNCT
fbem-29134	99	51	exerting	exert	VERB
fbem-29134	99	52	a	a	DET
fbem-29134	99	53	suppressive	suppressive	ADJ
fbem-29134	99	54	effect	effect	NOUN
fbem-29134	99	55	on	on	ADP
fbem-29134	99	56	ceo	ceo	NOUN
fbem-29134	99	57	power	power	NOUN
fbem-29134	99	58	.	.	PUNCT
fbem-29134	100	1	on	on	ADP
fbem-29134	100	2	the	the	DET
fbem-29134	100	3	other	other	ADJ
fbem-29134	100	4	hand	hand	NOUN
fbem-29134	100	5	,	,	PUNCT
fbem-29134	100	6	when	when	SCONJ
fbem-29134	100	7	heterogeneity	heterogeneity	NOUN
fbem-29134	100	8	exceeds	exceed	VERB
fbem-29134	100	9	a	a	DET
fbem-29134	100	10	certain	certain	ADJ
fbem-29134	100	11	level	level	NOUN
fbem-29134	100	12	,	,	PUNCT
fbem-29134	100	13	the	the	DET
fbem-29134	100	14	dispersed	disperse	VERB
fbem-29134	100	15	individuals	individual	NOUN
fbem-29134	100	16	are	be	AUX
fbem-29134	100	17	insufficient	insufficient	ADJ
fbem-29134	100	18	to	to	PART
fbem-29134	100	19	form	form	VERB
fbem-29134	100	20	enough	enough	ADJ
fbem-29134	100	21	strength	strength	NOUN
fbem-29134	100	22	to	to	PART
fbem-29134	100	23	suppress	suppress	VERB
fbem-29134	100	24	the	the	DET
fbem-29134	100	25	ceo	ceo	NOUN
fbem-29134	100	26	’s	’s	PART
fbem-29134	100	27	dominance	dominance	NOUN
fbem-29134	100	28	.	.	PUNCT
fbem-29134	101	1	to	to	PART
fbem-29134	101	2	avoid	avoid	VERB
fbem-29134	101	3	being	be	AUX
fbem-29134	101	4	fired	fire	VERB
fbem-29134	101	5	or	or	CCONJ
fbem-29134	101	6	excluded	exclude	VERB
fbem-29134	101	7	from	from	ADP
fbem-29134	101	8	the	the	DET
fbem-29134	101	9	team	team	NOUN
fbem-29134	101	10	,	,	PUNCT
fbem-29134	101	11	they	they	PRON
fbem-29134	101	12	often	often	ADV
fbem-29134	101	13	choose	choose	VERB
fbem-29134	101	14	to	to	PART
fbem-29134	101	15	"	"	PUNCT
fbem-29134	101	16	go	go	VERB
fbem-29134	101	17	along	along	ADV
fbem-29134	101	18	"	"	PUNCT
fbem-29134	101	19	with	with	ADP
fbem-29134	101	20	the	the	DET
fbem-29134	101	21	ceo	ceo	NOUN
fbem-29134	101	22	,	,	PUNCT
fbem-29134	101	23	thereby	thereby	ADV
fbem-29134	101	24	strengthening	strengthen	VERB
fbem-29134	101	25	the	the	DET
fbem-29134	101	26	ceo	ceo	NOUN
fbem-29134	101	27	's	's	PART
fbem-29134	101	28	power	power	NOUN
fbem-29134	101	29	within	within	ADP
fbem-29134	101	30	the	the	DET
fbem-29134	101	31	organization	organization	NOUN
fbem-29134	101	32	.	.	PUNCT
fbem-29134	102	1	therefore	therefore	ADV
fbem-29134	102	2	,	,	PUNCT
fbem-29134	102	3	based	base	VERB
fbem-29134	102	4	on	on	ADP
fbem-29134	102	5	the	the	DET
fbem-29134	102	6	first	first	ADJ
fbem-29134	102	7	hypothesis	hypothesis	NOUN
fbem-29134	102	8	,	,	PUNCT
fbem-29134	102	9	this	this	DET
fbem-29134	102	10	paper	paper	NOUN
fbem-29134	102	11	proposes	propose	VERB
fbem-29134	102	12	a	a	DET
fbem-29134	102	13	second	second	ADJ
fbem-29134	102	14	hypothesis	hypothesis	NOUN
fbem-29134	102	15	,	,	PUNCT
fbem-29134	102	16	suggesting	suggest	VERB
fbem-29134	102	17	that	that	SCONJ
fbem-29134	102	18	there	there	PRON
fbem-29134	102	19	is	be	VERB
fbem-29134	102	20	an	an	DET
fbem-29134	102	21	inverted	inverted	ADJ
fbem-29134	102	22	u	u	ADJ
fbem-29134	102	23	-	-	ADJ
fbem-29134	102	24	shaped	shape	VERB
fbem-29134	102	25	relationship	relationship	NOUN
fbem-29134	102	26	between	between	ADP
fbem-29134	102	27	ceo	ceo	NOUN
fbem-29134	102	28	power	power	NOUN
fbem-29134	102	29	and	and	CCONJ
fbem-29134	102	30	top	top	ADJ
fbem-29134	102	31	management	management	NOUN
fbem-29134	102	32	team	team	NOUN
fbem-29134	102	33	heterogeneity	heterogeneity	NOUN
fbem-29134	102	34	.	.	PUNCT
fbem-29134	103	1	according	accord	VERB
fbem-29134	103	2	to	to	ADP
fbem-29134	103	3	hypothesis	hypothesis	NOUN
fbem-29134	103	4	2	2	NUM
fbem-29134	103	5	,	,	PUNCT
fbem-29134	103	6	to	to	PART
fbem-29134	103	7	examine	examine	VERB
fbem-29134	103	8	whether	whether	SCONJ
fbem-29134	103	9	there	there	PRON
fbem-29134	103	10	is	be	VERB
fbem-29134	103	11	a	a	DET
fbem-29134	103	12	non	non	ADJ
fbem-29134	103	13	-	-	ADJ
fbem-29134	103	14	linear	linear	ADJ
fbem-29134	103	15	relationship	relationship	NOUN
fbem-29134	103	16	between	between	ADP
fbem-29134	103	17	ceo	ceo	NOUN
fbem-29134	103	18	power	power	NOUN
fbem-29134	103	19	and	and	CCONJ
fbem-29134	103	20	top	top	ADJ
fbem-29134	103	21	management	management	NOUN
fbem-29134	103	22	team	team	NOUN
fbem-29134	103	23	heterogeneity	heterogeneity	NOUN
fbem-29134	103	24	,	,	PUNCT
fbem-29134	103	25	the	the	DET
fbem-29134	103	26	following	follow	VERB
fbem-29134	103	27	model	model	NOUN
fbem-29134	103	28	is	be	AUX
fbem-29134	103	29	constructed	construct	VERB
fbem-29134	103	30	:	:	PUNCT
fbem-29134	104	1	power	power	NOUN
fbem-29134	104	2	=	=	SYM
fbem-29134	104	3	β0	β0	PROPN
fbem-29134	105	1	+	+	CCONJ
fbem-29134	105	2	β1hedu	β1hedu	PROPN
fbem-29134	106	1	+	+	CCONJ
fbem-29134	106	2	β2hedu	β2hedu	NUM
fbem-29134	106	3	2	2	NUM
fbem-29134	107	1	+	+	CCONJ
fbem-29134	107	2	β3x	β3x	PRON
fbem-29134	107	3	+	+	CCONJ
fbem-29134	107	4	φ	φ	NOUN
fbem-29134	107	5	+	+	CCONJ
fbem-29134	107	6	ϕ	ϕ	X
fbem-29134	107	7	+	+	CCONJ
fbem-29134	107	8	ε	ε	PROPN
fbem-29134	107	9	model	model	NOUN
fbem-29134	107	10	(	(	PUNCT
fbem-29134	107	11	2	2	NUM
fbem-29134	107	12	)	)	PUNCT
fbem-29134	107	13	only	only	ADV
fbem-29134	107	14	tests	test	VERB
fbem-29134	107	15	the	the	DET
fbem-29134	107	16	heterogeneity	heterogeneity	NOUN
fbem-29134	107	17	of	of	ADP
fbem-29134	107	18	the	the	DET
fbem-29134	107	19	top	top	ADJ
fbem-29134	107	20	management	management	NOUN
fbem-29134	107	21	team	team	NOUN
fbem-29134	107	22	's	's	PART
fbem-29134	107	23	educational	educational	ADJ
fbem-29134	107	24	background	background	NOUN
fbem-29134	107	25	(	(	PUNCT
fbem-29134	107	26	hedu	hedu	PROPN
fbem-29134	107	27	)	)	PUNCT
fbem-29134	107	28	and	and	CCONJ
fbem-29134	107	29	introduces	introduce	VERB
fbem-29134	107	30	the	the	DET
fbem-29134	107	31	square	square	ADJ
fbem-29134	107	32	term	term	NOUN
fbem-29134	107	33	of	of	ADP
fbem-29134	107	34	this	this	DET
fbem-29134	107	35	variable	variable	NOUN
fbem-29134	107	36	to	to	PART
fbem-29134	107	37	test	test	VERB
fbem-29134	107	38	the	the	DET
fbem-29134	107	39	nonlinear	nonlinear	ADJ
fbem-29134	107	40	relationship	relationship	NOUN
fbem-29134	107	41	between	between	ADP
fbem-29134	107	42	ceo	ceo	NOUN
fbem-29134	107	43	power	power	NOUN
fbem-29134	107	44	and	and	CCONJ
fbem-29134	107	45	top	top	ADJ
fbem-29134	107	46	management	management	NOUN
fbem-29134	107	47	team	team	NOUN
fbem-29134	107	48	educational	educational	ADJ
fbem-29134	107	49	background	background	NOUN
fbem-29134	107	50	heterogeneity	heterogeneity	NOUN
fbem-29134	107	51	.	.	PUNCT
fbem-29134	108	1	the	the	DET
fbem-29134	108	2	empirical	empirical	ADJ
fbem-29134	108	3	results	result	NOUN
fbem-29134	108	4	are	be	AUX
fbem-29134	108	5	shown	show	VERB
fbem-29134	108	6	in	in	ADP
fbem-29134	108	7	table	table	NOUN
fbem-29134	108	8	4	4	NUM
fbem-29134	108	9	.	.	PUNCT
fbem-29134	108	10	table	table	NOUN
fbem-29134	108	11	4	4	NUM
fbem-29134	108	12	.	.	PUNCT
fbem-29134	109	1	regression	regression	NOUN
fbem-29134	109	2	results	result	NOUN
fbem-29134	109	3	of	of	ADP
fbem-29134	109	4	ceo	ceo	NOUN
fbem-29134	109	5	hedu	hedu	PROPN
fbem-29134	109	6	power	power	NOUN
fbem-29134	109	7	(	(	PUNCT
fbem-29134	109	8	1	1	NUM
fbem-29134	109	9	)	)	PUNCT
fbem-29134	109	10	(	(	PUNCT
fbem-29134	109	11	2	2	X
fbem-29134	109	12	)	)	PUNCT
fbem-29134	109	13	variables	variable	VERB
fbem-29134	109	14	power	power	NOUN
fbem-29134	109	15	p	p	NOUN
fbem-29134	109	16	-	-	PUNCT
fbem-29134	109	17	value	value	NOUN
fbem-29134	109	18	hedu	hedu	PROPN
fbem-29134	109	19	0.262	0.262	NUM
fbem-29134	109	20	*	*	PUNCT
fbem-29134	109	21	*	*	PUNCT
fbem-29134	109	22	*	*	PUNCT
fbem-29134	109	23	0.000	0.000	NUM
fbem-29134	109	24	(	(	PUNCT
fbem-29134	109	25	4.117	4.117	NUM
fbem-29134	109	26	)	)	PUNCT
fbem-29134	109	27	hedu2	hedu2	NOUN
fbem-29134	110	1	-0.298	-0.298	PUNCT
fbem-29134	111	1	*	*	PUNCT
fbem-29134	111	2	*	*	PUNCT
fbem-29134	111	3	*	*	PUNCT
fbem-29134	111	4	0.000	0.000	NUM
fbem-29134	111	5	(	(	PUNCT
fbem-29134	111	6	-4.881	-4.881	NOUN
fbem-29134	111	7	)	)	PUNCT
fbem-29134	111	8	constant	constant	ADJ
fbem-29134	111	9	-0.433	-0.433	NUM
fbem-29134	111	10	0.101	0.101	NUM
fbem-29134	111	11	(	(	PUNCT
fbem-29134	111	12	-1.644	-1.644	NUM
fbem-29134	111	13	)	)	PUNCT
fbem-29134	111	14	observations	observation	NOUN
fbem-29134	111	15	4,800	4,800	NUM
fbem-29134	111	16	numberofstkcd	numberofstkcd	NOUN
fbem-29134	112	1	480	480	NUM
fbem-29134	112	2	r	r	NOUN
fbem-29134	112	3	-	-	PUNCT
fbem-29134	112	4	squared	square	VERB
fbem-29134	112	5	0.038	0.038	NUM
fbem-29134	112	6	companyfe	companyfe	NOUN
fbem-29134	112	7	yes	yes	INTJ
fbem-29134	112	8	yearfe	yearfe	ADJ
fbem-29134	112	9	yes	yes	INTJ
fbem-29134	112	10	robustt	robustt	NOUN
fbem-29134	112	11	-	-	NOUN
fbem-29134	112	12	statisticsinparentheses	statisticsinparenthese	NOUN
fbem-29134	112	13	*	*	PUNCT
fbem-29134	112	14	*	*	PUNCT
fbem-29134	112	15	*	*	PUNCT
fbem-29134	112	16	p<0.01	p<0.01	PROPN
fbem-29134	112	17	,	,	PUNCT
fbem-29134	112	18	*	*	PUNCT
fbem-29134	112	19	*	*	NOUN
fbem-29134	112	20	p<0.05	p<0.05	NOUN
fbem-29134	112	21	,	,	PUNCT
fbem-29134	112	22	*	*	PUNCT
fbem-29134	112	23	p<0.1	p<0.1	NUM
fbem-29134	112	24	(	(	PUNCT
fbem-29134	112	25	in	in	ADP
fbem-29134	112	26	the	the	DET
fbem-29134	112	27	table	table	NOUN
fbem-29134	112	28	,	,	PUNCT
fbem-29134	112	29	"	"	PUNCT
fbem-29134	112	30	hedu2	hedu2	NOUN
fbem-29134	112	31	"	"	PUNCT
fbem-29134	112	32	represents	represent	VERB
fbem-29134	112	33	the	the	DET
fbem-29134	112	34	square	square	ADJ
fbem-29134	112	35	term	term	NOUN
fbem-29134	112	36	of	of	ADP
fbem-29134	112	37	the	the	DET
fbem-29134	112	38	top	top	ADJ
fbem-29134	112	39	management	management	NOUN
fbem-29134	112	40	team	team	NOUN
fbem-29134	112	41	's	's	PART
fbem-29134	112	42	educational	educational	ADJ
fbem-29134	112	43	background	background	NOUN
fbem-29134	112	44	heterogeneity	heterogeneity	NOUN
fbem-29134	112	45	.	.	PUNCT
fbem-29134	112	46	)	)	PUNCT
fbem-29134	113	1	from	from	ADP
fbem-29134	113	2	table	table	NOUN
fbem-29134	113	3	4	4	NUM
fbem-29134	113	4	,	,	PUNCT
fbem-29134	113	5	it	it	PRON
fbem-29134	113	6	can	can	AUX
fbem-29134	113	7	be	be	AUX
fbem-29134	113	8	seen	see	VERB
fbem-29134	113	9	that	that	SCONJ
fbem-29134	113	10	ceo	ceo	NOUN
fbem-29134	113	11	power	power	NOUN
fbem-29134	113	12	(	(	PUNCT
fbem-29134	113	13	power	power	NOUN
fbem-29134	113	14	)	)	PUNCT
fbem-29134	113	15	and	and	CCONJ
fbem-29134	113	16	the	the	DET
fbem-29134	113	17	square	square	ADJ
fbem-29134	113	18	term	term	NOUN
fbem-29134	113	19	of	of	ADP
fbem-29134	113	20	hedu	hedu	NOUN
fbem-29134	113	21	are	be	AUX
fbem-29134	113	22	significantly	significantly	ADV
fbem-29134	113	23	correlated	correlate	VERB
fbem-29134	113	24	,	,	PUNCT
fbem-29134	113	25	but	but	CCONJ
fbem-29134	113	26	hypothesis	hypothesis	NOUN
fbem-29134	113	27	2	2	NUM
fbem-29134	113	28	is	be	AUX
fbem-29134	113	29	not	not	PART
fbem-29134	113	30	supported	support	VERB
fbem-29134	113	31	.	.	PUNCT
fbem-29134	114	1	on	on	ADP
fbem-29134	114	2	the	the	DET
fbem-29134	114	3	contrary	contrary	NOUN
fbem-29134	114	4	,	,	PUNCT
fbem-29134	114	5	this	this	DET
fbem-29134	114	6	empirical	empirical	ADJ
fbem-29134	114	7	result	result	NOUN
fbem-29134	114	8	contradicts	contradict	VERB
fbem-29134	114	9	our	our	PRON
fbem-29134	114	10	original	original	ADJ
fbem-29134	114	11	hypothesis	hypothesis	NOUN
fbem-29134	114	12	.	.	PUNCT
fbem-29134	115	1	the	the	DET
fbem-29134	115	2	calculation	calculation	NOUN
fbem-29134	115	3	shows	show	VERB
fbem-29134	115	4	that	that	SCONJ
fbem-29134	115	5	before	before	SCONJ
fbem-29134	115	6	the	the	DET
fbem-29134	115	7	threshold	threshold	NOUN
fbem-29134	115	8	of	of	ADP
fbem-29134	115	9	0.453	0.453	NUM
fbem-29134	115	10	for	for	ADP
fbem-29134	115	11	top	top	ADJ
fbem-29134	115	12	management	management	NOUN
fbem-29134	115	13	team	team	NOUN
fbem-29134	115	14	educational	educational	ADJ
fbem-29134	115	15	background	background	NOUN
fbem-29134	115	16	heterogeneity	heterogeneity	NOUN
fbem-29134	115	17	is	be	AUX
fbem-29134	115	18	reached	reach	VERB
fbem-29134	115	19	,	,	PUNCT
fbem-29134	115	20	an	an	DET
fbem-29134	115	21	increase	increase	NOUN
fbem-29134	115	22	in	in	ADP
fbem-29134	115	23	heterogeneity	heterogeneity	NOUN
fbem-29134	115	24	leads	lead	VERB
fbem-29134	115	25	to	to	ADP
fbem-29134	115	26	an	an	DET
fbem-29134	115	27	increase	increase	NOUN
fbem-29134	115	28	in	in	ADP
fbem-29134	115	29	ceo	ceo	NOUN
fbem-29134	115	30	power	power	NOUN
fbem-29134	115	31	.	.	PUNCT
fbem-29134	116	1	however	however	ADV
fbem-29134	116	2	,	,	PUNCT
fbem-29134	116	3	once	once	SCONJ
fbem-29134	116	4	this	this	DET
fbem-29134	116	5	threshold	threshold	NOUN
fbem-29134	116	6	is	be	AUX
fbem-29134	116	7	exceeded	exceed	VERB
fbem-29134	116	8	,	,	PUNCT
fbem-29134	116	9	ceo	ceo	NOUN
fbem-29134	116	10	power	power	NOUN
fbem-29134	116	11	begins	begin	VERB
fbem-29134	116	12	to	to	PART
fbem-29134	116	13	decrease	decrease	VERB
fbem-29134	116	14	.	.	PUNCT
fbem-29134	117	1	based	base	VERB
fbem-29134	117	2	on	on	ADP
fbem-29134	117	3	these	these	DET
fbem-29134	117	4	empirical	empirical	ADJ
fbem-29134	117	5	results	result	NOUN
fbem-29134	117	6	,	,	PUNCT
fbem-29134	117	7	this	this	DET
fbem-29134	117	8	paper	paper	NOUN
fbem-29134	117	9	argues	argue	VERB
fbem-29134	117	10	that	that	SCONJ
fbem-29134	117	11	,	,	PUNCT
fbem-29134	117	12	in	in	ADP
fbem-29134	117	13	china	china	PROPN
fbem-29134	117	14	’s	’s	PART
fbem-29134	117	15	listed	list	VERB
fbem-29134	117	16	companies	company	NOUN
fbem-29134	117	17	,	,	PUNCT
fbem-29134	117	18	the	the	DET
fbem-29134	117	19	members	member	NOUN
fbem-29134	117	20	of	of	ADP
fbem-29134	117	21	the	the	DET
fbem-29134	117	22	top	top	ADJ
fbem-29134	117	23	management	management	NOUN
fbem-29134	117	24	team	team	NOUN
fbem-29134	117	25	often	often	ADV
fbem-29134	117	26	have	have	VERB
fbem-29134	117	27	backgrounds	background	NOUN
fbem-29134	117	28	as	as	ADP
fbem-29134	117	29	board	board	NOUN
fbem-29134	117	30	directors	director	NOUN
fbem-29134	117	31	.	.	PUNCT
fbem-29134	118	1	before	before	SCONJ
fbem-29134	118	2	the	the	DET
fbem-29134	118	3	number	number	NOUN
fbem-29134	118	4	of	of	ADP
fbem-29134	118	5	executives	executive	NOUN
fbem-29134	118	6	with	with	ADP
fbem-29134	118	7	different	different	ADJ
fbem-29134	118	8	educational	educational	ADJ
fbem-29134	118	9	backgrounds	background	NOUN
fbem-29134	118	10	reaches	reach	VERB
fbem-29134	118	11	the	the	DET
fbem-29134	118	12	threshold	threshold	NOUN
fbem-29134	118	13	,	,	PUNCT
fbem-29134	118	14	they	they	PRON
fbem-29134	118	15	stimulate	stimulate	VERB
fbem-29134	118	16	the	the	DET
fbem-29134	118	17	ceo	ceo	NOUN
fbem-29134	118	18	,	,	PUNCT
fbem-29134	118	19	encouraging	encourage	VERB
fbem-29134	118	20	the	the	DET
fbem-29134	118	21	ceo	ceo	NOUN
fbem-29134	118	22	to	to	PART
fbem-29134	118	23	expand	expand	VERB
fbem-29134	118	24	their	their	PRON
fbem-29134	118	25	power	power	NOUN
fbem-29134	118	26	to	to	PART
fbem-29134	118	27	maintain	maintain	VERB
fbem-29134	118	28	their	their	PRON
fbem-29134	118	29	absolute	absolute	ADJ
fbem-29134	118	30	authority	authority	NOUN
fbem-29134	118	31	within	within	ADP
fbem-29134	118	32	the	the	DET
fbem-29134	118	33	company	company	NOUN
fbem-29134	118	34	.	.	PUNCT
fbem-29134	119	1	however	however	ADV
fbem-29134	119	2	,	,	PUNCT
fbem-29134	119	3	when	when	SCONJ
fbem-29134	119	4	the	the	DET
fbem-29134	119	5	number	number	NOUN
fbem-29134	119	6	of	of	ADP
fbem-29134	119	7	top	top	ADJ
fbem-29134	119	8	management	management	NOUN
fbem-29134	119	9	team	team	NOUN
fbem-29134	119	10	members	member	NOUN
fbem-29134	119	11	from	from	ADP
fbem-29134	119	12	different	different	ADJ
fbem-29134	119	13	director	director	NOUN
fbem-29134	119	14	factions	faction	NOUN
fbem-29134	119	15	exceeds	exceed	VERB
fbem-29134	119	16	the	the	DET
fbem-29134	119	17	threshold	threshold	NOUN
fbem-29134	119	18	,	,	PUNCT
fbem-29134	119	19	a	a	DET
fbem-29134	119	20	power	power	NOUN
fbem-29134	119	21	struggle	struggle	NOUN
fbem-29134	119	22	between	between	ADP
fbem-29134	119	23	the	the	DET
fbem-29134	119	24	company	company	NOUN
fbem-29134	119	25	’s	’s	PART
fbem-29134	119	26	owners	owner	NOUN
fbem-29134	119	27	begins	begin	VERB
fbem-29134	119	28	to	to	PART
fbem-29134	119	29	emerge	emerge	VERB
fbem-29134	119	30	,	,	PUNCT
fbem-29134	119	31	and	and	CCONJ
fbem-29134	119	32	the	the	DET
fbem-29134	119	33	ceo	ceo	NOUN
fbem-29134	119	34	gradually	gradually	ADV
fbem-29134	119	35	becomes	become	VERB
fbem-29134	119	36	a	a	DET
fbem-29134	119	37	powerless	powerless	ADJ
fbem-29134	119	38	figurehead	figurehead	NOUN
fbem-29134	119	39	,	,	PUNCT
fbem-29134	119	40	with	with	ADP
fbem-29134	119	41	their	their	PRON
fbem-29134	119	42	authority	authority	NOUN
fbem-29134	119	43	being	be	AUX
fbem-29134	119	44	undermined	undermine	VERB
fbem-29134	119	45	by	by	ADP
fbem-29134	119	46	the	the	DET
fbem-29134	119	47	company	company	NOUN
fbem-29134	119	48	’s	’s	PART
fbem-29134	119	49	upper	upper	ADJ
fbem-29134	119	50	management	management	NOUN
fbem-29134	119	51	.	.	PUNCT
fbem-29134	120	1	4.2	4.2	NUM
fbem-29134	120	2	.	.	PUNCT
fbem-29134	121	1	heterogeneity	heterogeneity	NOUN
fbem-29134	121	2	analysis	analysis	NOUN
fbem-29134	121	3	to	to	PART
fbem-29134	121	4	further	far	ADV
fbem-29134	121	5	understand	understand	VERB
fbem-29134	121	6	how	how	SCONJ
fbem-29134	121	7	the	the	DET
fbem-29134	121	8	heterogeneity	heterogeneity	NOUN
fbem-29134	121	9	of	of	ADP
fbem-29134	121	10	the	the	DET
fbem-29134	121	11	top	top	ADJ
fbem-29134	121	12	management	management	NOUN
fbem-29134	121	13	team	team	NOUN
fbem-29134	121	14	’s	’s	PART
fbem-29134	121	15	educational	educational	ADJ
fbem-29134	121	16	background	background	NOUN
fbem-29134	121	17	influences	influence	VERB
fbem-29134	121	18	the	the	DET
fbem-29134	121	19	changes	change	NOUN
fbem-29134	121	20	in	in	ADP
fbem-29134	121	21	ceo	ceo	NOUN
fbem-29134	121	22	power	power	NOUN
fbem-29134	121	23	,	,	PUNCT
fbem-29134	121	24	this	this	DET
fbem-29134	121	25	paper	paper	NOUN
fbem-29134	121	26	further	far	ADV
fbem-29134	121	27	analyzes	analyze	VERB
fbem-29134	121	28	the	the	DET
fbem-29134	121	29	extent	extent	NOUN
fbem-29134	121	30	of	of	ADP
fbem-29134	121	31	the	the	DET
fbem-29134	121	32	top	top	ADJ
fbem-29134	121	33	management	management	NOUN
fbem-29134	121	34	team	team	NOUN
fbem-29134	121	35	’s	’s	PART
fbem-29134	121	36	educational	educational	ADJ
fbem-29134	121	37	background	background	NOUN
fbem-29134	121	38	heterogeneity	heterogeneity	NOUN
fbem-29134	121	39	and	and	CCONJ
fbem-29134	121	40	its	its	PRON
fbem-29134	121	41	impact	impact	NOUN
fbem-29134	121	42	on	on	ADP
fbem-29134	121	43	the	the	DET
fbem-29134	121	44	conditions	condition	NOUN
fbem-29134	121	45	that	that	PRON
fbem-29134	121	46	influence	influence	NOUN
fbem-29134	121	47	ceo	ceo	NOUN
fbem-29134	121	48	power	power	NOUN
fbem-29134	121	49	.	.	PUNCT
fbem-29134	122	1	since	since	SCONJ
fbem-29134	122	2	ceo	ceo	NOUN
fbem-29134	122	3	power	power	NOUN
fbem-29134	122	4	is	be	AUX
fbem-29134	122	5	composed	compose	VERB
fbem-29134	122	6	of	of	ADP
fbem-29134	122	7	four	four	NUM
fbem-29134	122	8	parts	part	NOUN
fbem-29134	122	9	—	—	PUNCT
fbem-29134	122	10	organizational	organizational	ADJ
fbem-29134	122	11	power	power	NOUN
fbem-29134	122	12	,	,	PUNCT
fbem-29134	122	13	ownership	ownership	NOUN
fbem-29134	122	14	power	power	NOUN
fbem-29134	122	15	,	,	PUNCT
fbem-29134	122	16	expert	expert	NOUN
fbem-29134	122	17	power	power	NOUN
fbem-29134	122	18	,	,	PUNCT
fbem-29134	122	19	and	and	CCONJ
fbem-29134	122	20	reputational	reputational	ADJ
fbem-29134	122	21	power	power	NOUN
fbem-29134	122	22	—	—	PUNCT
fbem-29134	122	23	this	this	DET
fbem-29134	122	24	paper	paper	NOUN
fbem-29134	122	25	follows	follow	VERB
fbem-29134	122	26	the	the	DET
fbem-29134	122	27	structure	structure	NOUN
fbem-29134	122	28	of	of	ADP
fbem-29134	122	29	model	model	NOUN
fbem-29134	122	30	(	(	PUNCT
fbem-29134	122	31	2	2	NUM
fbem-29134	122	32	)	)	PUNCT
fbem-29134	122	33	,	,	PUNCT
fbem-29134	122	34	replacing	replace	VERB
fbem-29134	122	35	the	the	DET
fbem-29134	122	36	dependent	dependent	ADJ
fbem-29134	122	37	variable	variable	NOUN
fbem-29134	122	38	with	with	ADP
fbem-29134	122	39	the	the	DET
fbem-29134	122	40	four	four	NUM
fbem-29134	122	41	subindicators	subindicator	NOUN
fbem-29134	122	42	and	and	CCONJ
fbem-29134	122	43	conducting	conduct	VERB
fbem-29134	122	44	regression	regression	NOUN
fbem-29134	122	45	analyses	analysis	NOUN
fbem-29134	122	46	.	.	PUNCT
fbem-29134	123	1	the	the	DET
fbem-29134	123	2	regression	regression	NOUN
fbem-29134	123	3	results	result	NOUN
fbem-29134	123	4	are	be	AUX
fbem-29134	123	5	shown	show	VERB
fbem-29134	123	6	in	in	ADP
fbem-29134	123	7	table	table	NOUN
fbem-29134	123	8	5	5	NUM
fbem-29134	123	9	.	.	PUNCT
fbem-29134	123	10	table	table	NOUN
fbem-29134	123	11	5	5	NUM
fbem-29134	123	12	.	.	PUNCT
fbem-29134	124	1	heterogeneity	heterogeneity	NOUN
fbem-29134	124	2	analysis	analysis	NOUN
fbem-29134	124	3	(	(	PUNCT
fbem-29134	124	4	1	1	NUM
fbem-29134	124	5	)	)	PUNCT
fbem-29134	124	6	(	(	PUNCT
fbem-29134	124	7	2	2	NUM
fbem-29134	124	8	)	)	PUNCT
fbem-29134	124	9	(	(	PUNCT
fbem-29134	124	10	3	3	X
fbem-29134	124	11	)	)	PUNCT
fbem-29134	124	12	(	(	PUNCT
fbem-29134	124	13	4	4	X
fbem-29134	124	14	)	)	PUNCT
fbem-29134	124	15	variables	variable	NOUN
fbem-29134	124	16	pro_po	pro_po	VERB
fbem-29134	124	17	wer	wer	NOUN
fbem-29134	124	18	organ_p	organ_p	NOUN
fbem-29134	124	19	ower	ower	PROPN
fbem-29134	124	20	control	control	PROPN
fbem-29134	124	21	_	_	PUNCT
fbem-29134	125	1	power	power	NOUN
fbem-29134	125	2	repu_po	repu_po	PROPN
fbem-29134	125	3	wer	wer	VERB
fbem-29134	125	4	hedu	hedu	PROPN
fbem-29134	125	5	0.0195	0.0195	NUM
fbem-29134	125	6	0.0593	0.0593	NUM
fbem-29134	125	7	0.151	0.151	NUM
fbem-29134	125	8	0.820	0.820	NUM
fbem-29134	125	9	*	*	PUNCT
fbem-29134	125	10	*	*	PUNCT
fbem-29134	125	11	*	*	PUNCT
fbem-29134	125	12	(	(	PUNCT
fbem-29134	125	13	0.575	0.575	NUM
fbem-29134	125	14	)	)	PUNCT
fbem-29134	125	15	(	(	PUNCT
fbem-29134	125	16	0.584	0.584	NUM
fbem-29134	125	17	)	)	PUNCT
fbem-29134	126	1	(	(	PUNCT
fbem-29134	126	2	1.163	1.163	NUM
fbem-29134	126	3	)	)	PUNCT
fbem-29134	126	4	(	(	PUNCT
fbem-29134	126	5	4.422	4.422	NUM
fbem-29134	126	6	)	)	PUNCT
fbem-29134	126	7	hedu2	hedu2	PROPN
fbem-29134	126	8	-0.0167	-0.0167	ADJ
fbem-29134	126	9	-0.0941	-0.0941	NOUN
fbem-29134	126	10	-0.161	-0.161	PUNCT
fbem-29134	126	11	0.922	0.922	NUM
fbem-29134	126	12	*	*	PUNCT
fbem-29134	126	13	*	*	PUNCT
fbem-29134	126	14	*	*	PUNCT
fbem-29134	126	15	(	(	PUNCT
fbem-29134	126	16	-0.488	-0.488	NUM
fbem-29134	126	17	)	)	PUNCT
fbem-29134	126	18	(	(	PUNCT
fbem-29134	126	19	-0.973	-0.973	NOUN
fbem-29134	126	20	)	)	PUNCT
fbem-29134	126	21	(	(	PUNCT
fbem-29134	126	22	-1.218	-1.218	NUM
fbem-29134	126	23	)	)	PUNCT
fbem-29134	126	24	(	(	PUNCT
fbem-29134	126	25	-5.256	-5.256	X
fbem-29134	126	26	)	)	PUNCT
fbem-29134	126	27	constant	constant	ADJ
fbem-29134	126	28	-0.176	-0.176	NOUN
fbem-29134	126	29	-0.198	-0.198	PUNCT
fbem-29134	126	30	-1.228	-1.228	PROPN
fbem-29134	126	31	*	*	PUNCT
fbem-29134	126	32	*	*	PUNCT
fbem-29134	126	33	-0.132	-0.132	PUNCT
fbem-29134	126	34	(	(	PUNCT
fbem-29134	126	35	-0.943	-0.943	PUNCT
fbem-29134	126	36	)	)	PUNCT
fbem-29134	126	37	(	(	PUNCT
fbem-29134	126	38	-0.412	-0.412	X
fbem-29134	126	39	)	)	PUNCT
fbem-29134	126	40	(	(	PUNCT
fbem-29134	126	41	-2.101	-2.101	NOUN
fbem-29134	126	42	)	)	PUNCT
fbem-29134	126	43	(	(	PUNCT
fbem-29134	126	44	-0.227	-0.227	X
fbem-29134	126	45	)	)	PUNCT
fbem-29134	126	46	observations	observation	NOUN
fbem-29134	126	47	4,800	4,800	NUM
fbem-29134	126	48	4,800	4,800	NUM
fbem-29134	126	49	4,800	4,800	NUM
fbem-29134	126	50	4,800	4,800	NUM
fbem-29134	126	51	r	r	NOUN
fbem-29134	126	52	-	-	PUNCT
fbem-29134	126	53	squared	square	VERB
fbem-29134	126	54	0.006	0.006	NUM
fbem-29134	126	55	0.008	0.008	NUM
fbem-29134	126	56	0.038	0.038	NUM
fbem-29134	126	57	0.040	0.040	NUM
fbem-29134	126	58	numberofstkcd	numberofstkcd	NOUN
fbem-29134	126	59	480	480	NUM
fbem-29134	126	60	480	480	NUM
fbem-29134	126	61	480	480	NUM
fbem-29134	126	62	480	480	NUM
fbem-29134	126	63	companyfe	companyfe	ADV
fbem-29134	127	1	yes	yes	INTJ
fbem-29134	128	1	yes	yes	INTJ
fbem-29134	129	1	yes	yes	INTJ
fbem-29134	130	1	yes	yes	INTJ
fbem-29134	131	1	yearfe	yearfe	INTJ
fbem-29134	132	1	yes	yes	INTJ
fbem-29134	133	1	yes	yes	INTJ
fbem-29134	134	1	yes	yes	INTJ
fbem-29134	134	2	yes	yes	INTJ
fbem-29134	134	3	robustt	robustt	NOUN
fbem-29134	134	4	-	-	NOUN
fbem-29134	134	5	statisticsinparentheses	statisticsinparenthese	NOUN
fbem-29134	134	6	*	*	PUNCT
fbem-29134	134	7	*	*	PUNCT
fbem-29134	134	8	*	*	PUNCT
fbem-29134	134	9	p<0.01	p<0.01	PROPN
fbem-29134	134	10	,	,	PUNCT
fbem-29134	134	11	*	*	PUNCT
fbem-29134	134	12	*	*	NOUN
fbem-29134	134	13	p<0.05	p<0.05	NOUN
fbem-29134	134	14	,	,	PUNCT
fbem-29134	134	15	*	*	PUNCT
fbem-29134	134	16	p<0.1	p<0.1	NUM
fbem-29134	134	17	(	(	PUNCT
fbem-29134	134	18	in	in	ADP
fbem-29134	134	19	table	table	NOUN
fbem-29134	134	20	5	5	NUM
fbem-29134	134	21	,	,	PUNCT
fbem-29134	134	22	"	"	PUNCT
fbem-29134	134	23	org_power	org_power	NOUN
fbem-29134	134	24	,	,	PUNCT
fbem-29134	134	25	"	"	PUNCT
fbem-29134	134	26	"	"	PUNCT
fbem-29134	134	27	pro_power	pro_power	NOUN
fbem-29134	134	28	,	,	PUNCT
fbem-29134	134	29	"	"	PUNCT
fbem-29134	134	30	"	"	PUNCT
fbem-29134	134	31	control_power	control_power	X
fbem-29134	134	32	,	,	PUNCT
fbem-29134	134	33	"	"	PUNCT
fbem-29134	134	34	and	and	CCONJ
fbem-29134	134	35	"	"	PUNCT
fbem-29134	134	36	repu_power	repu_power	NOUN
fbem-29134	134	37	"	"	PUNCT
fbem-29134	134	38	represent	represent	VERB
fbem-29134	134	39	organizational	organizational	ADJ
fbem-29134	134	40	power	power	NOUN
fbem-29134	134	41	,	,	PUNCT
fbem-29134	134	42	expert	expert	NOUN
fbem-29134	134	43	power	power	NOUN
fbem-29134	134	44	,	,	PUNCT
fbem-29134	134	45	ownership	ownership	NOUN
fbem-29134	134	46	power	power	NOUN
fbem-29134	134	47	,	,	PUNCT
fbem-29134	134	48	and	and	CCONJ
fbem-29134	134	49	reputational	reputational	ADJ
fbem-29134	134	50	power	power	NOUN
fbem-29134	134	51	,	,	PUNCT
fbem-29134	134	52	respectively	respectively	ADV
fbem-29134	134	53	.	.	PUNCT
fbem-29134	134	54	)	)	PUNCT
fbem-29134	135	1	as	as	SCONJ
fbem-29134	135	2	shown	show	VERB
fbem-29134	135	3	in	in	ADP
fbem-29134	135	4	table	table	NOUN
fbem-29134	135	5	5	5	NUM
fbem-29134	135	6	,	,	PUNCT
fbem-29134	135	7	the	the	DET
fbem-29134	135	8	educational	educational	ADJ
fbem-29134	135	9	background	background	NOUN
fbem-29134	135	10	heterogeneity	heterogeneity	NOUN
fbem-29134	135	11	of	of	ADP
fbem-29134	135	12	the	the	DET
fbem-29134	135	13	top	top	ADJ
fbem-29134	135	14	management	management	NOUN
fbem-29134	135	15	team	team	NOUN
fbem-29134	135	16	does	do	AUX
fbem-29134	135	17	not	not	PART
fbem-29134	135	18	have	have	VERB
fbem-29134	135	19	a	a	DET
fbem-29134	135	20	significant	significant	ADJ
fbem-29134	135	21	impact	impact	NOUN
fbem-29134	135	22	on	on	ADP
fbem-29134	135	23	organizational	organizational	ADJ
fbem-29134	135	24	power	power	NOUN
fbem-29134	135	25	,	,	PUNCT
fbem-29134	135	26	expert	expert	NOUN
fbem-29134	135	27	power	power	NOUN
fbem-29134	135	28	,	,	PUNCT
fbem-29134	135	29	or	or	CCONJ
fbem-29134	135	30	ownership	ownership	NOUN
fbem-29134	135	31	power	power	NOUN
fbem-29134	135	32	,	,	PUNCT
fbem-29134	135	33	but	but	CCONJ
fbem-29134	135	34	it	it	PRON
fbem-29134	135	35	does	do	AUX
fbem-29134	135	36	have	have	VERB
fbem-29134	135	37	a	a	DET
fbem-29134	135	38	significant	significant	ADJ
fbem-29134	135	39	impact	impact	NOUN
fbem-29134	135	40	on	on	ADP
fbem-29134	135	41	the	the	DET
fbem-29134	135	42	ceo	ceo	NOUN
fbem-29134	135	43	’s	’s	PART
fbem-29134	135	44	reputational	reputational	ADJ
fbem-29134	135	45	power	power	NOUN
fbem-29134	135	46	.	.	PUNCT
fbem-29134	136	1	this	this	DET
fbem-29134	136	2	result	result	NOUN
fbem-29134	136	3	clearly	clearly	ADV
fbem-29134	136	4	aligns	align	VERB
fbem-29134	136	5	with	with	ADP
fbem-29134	136	6	our	our	PRON
fbem-29134	136	7	initial	initial	ADJ
fbem-29134	136	8	expectation	expectation	NOUN
fbem-29134	136	9	,	,	PUNCT
fbem-29134	136	10	as	as	SCONJ
fbem-29134	136	11	the	the	DET
fbem-29134	136	12	ceo	ceo	NOUN
fbem-29134	136	13	’s	’s	PART
fbem-29134	136	14	reputational	reputational	ADJ
fbem-29134	136	15	power	power	NOUN
fbem-29134	136	16	is	be	AUX
fbem-29134	136	17	determined	determine	VERB
fbem-29134	136	18	by	by	ADP
fbem-29134	136	19	the	the	DET
fbem-29134	136	20	ceo	ceo	NOUN
fbem-29134	136	21	’s	’s	PART
fbem-29134	136	22	own	own	ADJ
fbem-29134	136	23	education	education	NOUN
fbem-29134	136	24	level	level	NOUN
fbem-29134	136	25	.	.	PUNCT
fbem-29134	137	1	only	only	ADV
fbem-29134	137	2	when	when	SCONJ
fbem-29134	137	3	the	the	DET
fbem-29134	137	4	educational	educational	ADJ
fbem-29134	137	5	background	background	NOUN
fbem-29134	137	6	heterogeneity	heterogeneity	NOUN
fbem-29134	137	7	of	of	ADP
fbem-29134	137	8	the	the	DET
fbem-29134	137	9	company	company	NOUN
fbem-29134	137	10	’s	’s	PART
fbem-29134	137	11	top	top	ADJ
fbem-29134	137	12	executives	executive	NOUN
fbem-29134	137	13	changes	change	NOUN
fbem-29134	137	14	can	can	AUX
fbem-29134	137	15	it	it	PRON
fbem-29134	137	16	affect	affect	VERB
fbem-29134	137	17	the	the	DET
fbem-29134	137	18	ceo	ceo	NOUN
fbem-29134	137	19	’s	’s	PART
fbem-29134	137	20	reputation	reputation	NOUN
fbem-29134	137	21	within	within	ADP
fbem-29134	137	22	33	33	NUM
fbem-29134	137	23	the	the	DET
fbem-29134	137	24	organization	organization	NOUN
fbem-29134	137	25	.	.	PUNCT
fbem-29134	138	1	additionally	additionally	ADV
fbem-29134	138	2	,	,	PUNCT
fbem-29134	138	3	from	from	ADP
fbem-29134	138	4	the	the	DET
fbem-29134	138	5	empirical	empirical	ADJ
fbem-29134	138	6	results	result	NOUN
fbem-29134	138	7	,	,	PUNCT
fbem-29134	138	8	there	there	PRON
fbem-29134	138	9	is	be	VERB
fbem-29134	138	10	little	little	ADJ
fbem-29134	138	11	difference	difference	NOUN
fbem-29134	138	12	from	from	ADP
fbem-29134	138	13	the	the	DET
fbem-29134	138	14	original	original	ADJ
fbem-29134	138	15	findings	finding	NOUN
fbem-29134	138	16	,	,	PUNCT
fbem-29134	138	17	and	and	CCONJ
fbem-29134	138	18	the	the	DET
fbem-29134	138	19	threshold	threshold	NOUN
fbem-29134	138	20	has	have	AUX
fbem-29134	138	21	not	not	PART
fbem-29134	138	22	changed	change	VERB
fbem-29134	138	23	significantly	significantly	ADV
fbem-29134	138	24	.	.	PUNCT
fbem-29134	139	1	4.3	4.3	NUM
fbem-29134	139	2	.	.	PUNCT
fbem-29134	139	3	robustness	robustness	NOUN
fbem-29134	139	4	test	test	NOUN
fbem-29134	139	5	in	in	ADP
fbem-29134	139	6	the	the	DET
fbem-29134	139	7	heterogeneity	heterogeneity	NOUN
fbem-29134	139	8	test	test	NOUN
fbem-29134	139	9	,	,	PUNCT
fbem-29134	139	10	it	it	PRON
fbem-29134	139	11	can	can	AUX
fbem-29134	139	12	be	be	AUX
fbem-29134	139	13	observed	observe	VERB
fbem-29134	139	14	that	that	SCONJ
fbem-29134	139	15	the	the	DET
fbem-29134	139	16	top	top	ADJ
fbem-29134	139	17	management	management	NOUN
fbem-29134	139	18	team	team	NOUN
fbem-29134	139	19	’s	’s	PART
fbem-29134	139	20	educational	educational	ADJ
fbem-29134	139	21	background	background	NOUN
fbem-29134	139	22	heterogeneity	heterogeneity	NOUN
fbem-29134	139	23	primarily	primarily	ADV
fbem-29134	139	24	influences	influence	VERB
fbem-29134	139	25	the	the	DET
fbem-29134	139	26	ceo	ceo	NOUN
fbem-29134	139	27	's	's	PART
fbem-29134	139	28	overall	overall	ADJ
fbem-29134	139	29	power	power	NOUN
fbem-29134	139	30	through	through	ADP
fbem-29134	139	31	its	its	PRON
fbem-29134	139	32	effect	effect	NOUN
fbem-29134	139	33	on	on	ADP
fbem-29134	139	34	the	the	DET
fbem-29134	139	35	ceo	ceo	NOUN
fbem-29134	139	36	's	's	PART
fbem-29134	139	37	reputational	reputational	ADJ
fbem-29134	139	38	power	power	NOUN
fbem-29134	139	39	.	.	PUNCT
fbem-29134	140	1	however	however	ADV
fbem-29134	140	2	,	,	PUNCT
fbem-29134	140	3	as	as	SCONJ
fbem-29134	140	4	the	the	DET
fbem-29134	140	5	definition	definition	NOUN
fbem-29134	140	6	of	of	ADP
fbem-29134	140	7	ceo	ceo	NOUN
fbem-29134	140	8	reputational	reputational	ADJ
fbem-29134	140	9	power	power	NOUN
fbem-29134	140	10	indicates	indicate	VERB
fbem-29134	140	11	,	,	PUNCT
fbem-29134	140	12	it	it	PRON
fbem-29134	140	13	is	be	AUX
fbem-29134	140	14	essentially	essentially	ADV
fbem-29134	140	15	a	a	DET
fbem-29134	140	16	binary	binary	ADJ
fbem-29134	140	17	variable	variable	NOUN
fbem-29134	140	18	.	.	PUNCT
fbem-29134	141	1	therefore	therefore	ADV
fbem-29134	141	2	,	,	PUNCT
fbem-29134	141	3	to	to	PART
fbem-29134	141	4	ensure	ensure	VERB
fbem-29134	141	5	the	the	DET
fbem-29134	141	6	validity	validity	NOUN
fbem-29134	141	7	of	of	ADP
fbem-29134	141	8	the	the	DET
fbem-29134	141	9	empirical	empirical	ADJ
fbem-29134	141	10	results	result	NOUN
fbem-29134	141	11	,	,	PUNCT
fbem-29134	141	12	this	this	DET
fbem-29134	141	13	paper	paper	NOUN
fbem-29134	141	14	further	further	ADJ
fbem-29134	141	15	verifies	verifie	NOUN
fbem-29134	141	16	the	the	DET
fbem-29134	141	17	reliability	reliability	NOUN
fbem-29134	141	18	of	of	ADP
fbem-29134	141	19	the	the	DET
fbem-29134	141	20	findings	finding	NOUN
fbem-29134	141	21	using	use	VERB
fbem-29134	141	22	a	a	DET
fbem-29134	141	23	logit	logit	NOUN
fbem-29134	141	24	model	model	NOUN
fbem-29134	141	25	.	.	PUNCT
fbem-29134	142	1	the	the	DET
fbem-29134	142	2	output	output	NOUN
fbem-29134	142	3	results	result	NOUN
fbem-29134	142	4	are	be	AUX
fbem-29134	142	5	shown	show	VERB
fbem-29134	142	6	in	in	ADP
fbem-29134	142	7	table	table	NOUN
fbem-29134	142	8	6	6	NUM
fbem-29134	142	9	,	,	PUNCT
fbem-29134	142	10	where	where	SCONJ
fbem-29134	142	11	it	it	PRON
fbem-29134	142	12	can	can	AUX
fbem-29134	142	13	be	be	AUX
fbem-29134	142	14	seen	see	VERB
fbem-29134	142	15	that	that	SCONJ
fbem-29134	142	16	the	the	DET
fbem-29134	142	17	relationship	relationship	NOUN
fbem-29134	142	18	between	between	ADP
fbem-29134	142	19	the	the	DET
fbem-29134	142	20	explanatory	explanatory	ADJ
fbem-29134	142	21	variable	variable	NOUN
fbem-29134	142	22	and	and	CCONJ
fbem-29134	142	23	the	the	DET
fbem-29134	142	24	dependent	dependent	ADJ
fbem-29134	142	25	variable	variable	NOUN
fbem-29134	142	26	remains	remain	VERB
fbem-29134	142	27	significant	significant	ADJ
fbem-29134	142	28	.	.	PUNCT
fbem-29134	143	1	table	table	NOUN
fbem-29134	143	2	6	6	NUM
fbem-29134	143	3	.	.	PUNCT
fbem-29134	144	1	robustness	robustness	NOUN
fbem-29134	144	2	test	test	NOUN
fbem-29134	144	3	(	(	PUNCT
fbem-29134	144	4	1	1	X
fbem-29134	144	5	)	)	PUNCT
fbem-29134	144	6	variables	variable	NOUN
fbem-29134	144	7	logit	logit	VERB
fbem-29134	144	8	edu	edu	PROPN
fbem-29134	144	9	8.980	8.980	NUM
fbem-29134	144	10	*	*	PUNCT
fbem-29134	144	11	*	*	PUNCT
fbem-29134	144	12	*	*	PUNCT
fbem-29134	144	13	(	(	PUNCT
fbem-29134	144	14	6.241	6.241	NUM
fbem-29134	144	15	)	)	PUNCT
fbem-29134	144	16	edu2	edu2	NOUN
fbem-29134	144	17	-9.367	-9.367	PUNCT
fbem-29134	144	18	*	*	PUNCT
fbem-29134	144	19	*	*	PUNCT
fbem-29134	144	20	*	*	PUNCT
fbem-29134	144	21	(	(	PUNCT
fbem-29134	144	22	-7.538	-7.538	NOUN
fbem-29134	144	23	)	)	PUNCT
fbem-29134	144	24	debt	debt	NOUN
fbem-29134	144	25	-0.664	-0.664	PUNCT
fbem-29134	144	26	(	(	PUNCT
fbem-29134	144	27	-1.050	-1.050	NUM
fbem-29134	144	28	)	)	PUNCT
fbem-29134	144	29	growth	growth	NOUN
fbem-29134	144	30	0.084	0.084	NUM
fbem-29134	144	31	(	(	PUNCT
fbem-29134	144	32	1.024	1.024	NUM
fbem-29134	144	33	)	)	PUNCT
fbem-29134	144	34	turn	turn	NOUN
fbem-29134	144	35	0.036	0.036	NUM
fbem-29134	144	36	(	(	PUNCT
fbem-29134	144	37	0.146	0.146	NUM
fbem-29134	144	38	)	)	PUNCT
fbem-29134	144	39	size	size	NOUN
fbem-29134	144	40	0.262	0.262	NUM
fbem-29134	144	41	(	(	PUNCT
fbem-29134	144	42	1.615	1.615	NUM
fbem-29134	144	43	)	)	PUNCT
fbem-29134	144	44	fee	fee	NOUN
fbem-29134	144	45	1.767	1.767	NUM
fbem-29134	144	46	(	(	PUNCT
fbem-29134	144	47	1.499	1.499	NUM
fbem-29134	144	48	)	)	PUNCT
fbem-29134	144	49	mshare	mshare	NOUN
fbem-29134	144	50	-3.624	-3.624	PUNCT
fbem-29134	144	51	*	*	PUNCT
fbem-29134	144	52	*	*	PUNCT
fbem-29134	144	53	(	(	PUNCT
fbem-29134	144	54	-2.405	-2.405	ADJ
fbem-29134	144	55	)	)	PUNCT
fbem-29134	144	56	own1	own1	NOUN
fbem-29134	144	57	0.308	0.308	NUM
fbem-29134	144	58	(	(	PUNCT
fbem-29134	144	59	0.305	0.305	NUM
fbem-29134	144	60	)	)	PUNCT
fbem-29134	144	61	board	board	NOUN
fbem-29134	144	62	-0.217	-0.217	PUNCT
fbem-29134	144	63	(	(	PUNCT
fbem-29134	144	64	-0.591	-0.591	NOUN
fbem-29134	144	65	)	)	PUNCT
fbem-29134	144	66	ib	ib	NOUN
fbem-29134	144	67	-0.788	-0.788	PROPN
fbem-29134	144	68	(	(	PUNCT
fbem-29134	144	69	-0.454	-0.454	PROPN
fbem-29134	144	70	)	)	PUNCT
fbem-29134	144	71	roa	roa	NOUN
fbem-29134	144	72	-2.594	-2.594	PROPN
fbem-29134	144	73	*	*	PUNCT
fbem-29134	144	74	*	*	PUNCT
fbem-29134	144	75	(	(	PUNCT
fbem-29134	144	76	-2.097	-2.097	X
fbem-29134	144	77	)	)	PUNCT
fbem-29134	144	78	z	z	NOUN
fbem-29134	144	79	-	-	PUNCT
fbem-29134	144	80	statisticsinparentheses	statisticsinparenthese	NOUN
fbem-29134	144	81	*	*	PUNCT
fbem-29134	144	82	*	*	PUNCT
fbem-29134	144	83	*	*	PUNCT
fbem-29134	144	84	p<0.01	p<0.01	PROPN
fbem-29134	144	85	,	,	PUNCT
fbem-29134	144	86	*	*	PUNCT
fbem-29134	144	87	*	*	NOUN
fbem-29134	144	88	p<0.05	p<0.05	NOUN
fbem-29134	144	89	,	,	PUNCT
fbem-29134	144	90	*	*	PUNCT
fbem-29134	144	91	p<0.1	p<0.1	NUM
fbem-29134	144	92	5	5	NUM
fbem-29134	144	93	.	.	PUNCT
fbem-29134	144	94	conclusion	conclusion	NOUN
fbem-29134	144	95	and	and	CCONJ
fbem-29134	144	96	recommendations	recommendation	NOUN
fbem-29134	144	97	in	in	ADP
fbem-29134	144	98	the	the	DET
fbem-29134	144	99	development	development	NOUN
fbem-29134	144	100	of	of	ADP
fbem-29134	144	101	a	a	DET
fbem-29134	144	102	company	company	NOUN
fbem-29134	144	103	,	,	PUNCT
fbem-29134	144	104	the	the	DET
fbem-29134	144	105	ceo	ceo	NOUN
fbem-29134	144	106	,	,	PUNCT
fbem-29134	144	107	as	as	ADP
fbem-29134	144	108	the	the	DET
fbem-29134	144	109	highest	high	ADJ
fbem-29134	144	110	decision	decision	NOUN
fbem-29134	144	111	-	-	PUNCT
fbem-29134	144	112	maker	maker	NOUN
fbem-29134	144	113	,	,	PUNCT
fbem-29134	144	114	often	often	ADV
fbem-29134	144	115	plays	play	VERB
fbem-29134	144	116	a	a	DET
fbem-29134	144	117	critical	critical	ADJ
fbem-29134	144	118	role	role	NOUN
fbem-29134	144	119	in	in	ADP
fbem-29134	144	120	the	the	DET
fbem-29134	144	121	company	company	NOUN
fbem-29134	144	122	's	's	PART
fbem-29134	144	123	life	life	NOUN
fbem-29134	144	124	cycle	cycle	NOUN
fbem-29134	144	125	.	.	PUNCT
fbem-29134	145	1	however	however	ADV
fbem-29134	145	2	,	,	PUNCT
fbem-29134	145	3	excessive	excessive	ADJ
fbem-29134	145	4	ceo	ceo	NOUN
fbem-29134	145	5	power	power	NOUN
fbem-29134	145	6	can	can	AUX
fbem-29134	145	7	lead	lead	VERB
fbem-29134	145	8	to	to	ADP
fbem-29134	145	9	conflicts	conflict	NOUN
fbem-29134	145	10	with	with	ADP
fbem-29134	145	11	the	the	DET
fbem-29134	145	12	company	company	NOUN
fbem-29134	145	13	’s	’s	PART
fbem-29134	145	14	owners	owner	NOUN
fbem-29134	145	15	.	.	PUNCT
fbem-29134	146	1	for	for	ADP
fbem-29134	146	2	outstanding	outstanding	ADJ
fbem-29134	146	3	ceos	ceos	NOUN
fbem-29134	146	4	,	,	PUNCT
fbem-29134	146	5	their	their	PRON
fbem-29134	146	6	focus	focus	NOUN
fbem-29134	146	7	is	be	AUX
fbem-29134	146	8	on	on	ADP
fbem-29134	146	9	the	the	DET
fbem-29134	146	10	survival	survival	NOUN
fbem-29134	146	11	and	and	CCONJ
fbem-29134	146	12	development	development	NOUN
fbem-29134	146	13	of	of	ADP
fbem-29134	146	14	the	the	DET
fbem-29134	146	15	company	company	NOUN
fbem-29134	146	16	.	.	PUNCT
fbem-29134	147	1	in	in	ADP
fbem-29134	147	2	contrast	contrast	NOUN
fbem-29134	147	3	,	,	PUNCT
fbem-29134	147	4	some	some	DET
fbem-29134	147	5	ceos	ceos	NOUN
fbem-29134	147	6	may	may	AUX
fbem-29134	147	7	prioritize	prioritize	VERB
fbem-29134	147	8	immediate	immediate	ADJ
fbem-29134	147	9	personal	personal	ADJ
fbem-29134	147	10	gains	gain	NOUN
fbem-29134	147	11	,	,	PUNCT
fbem-29134	147	12	often	often	ADV
fbem-29134	147	13	taking	take	VERB
fbem-29134	147	14	actions	action	NOUN
fbem-29134	147	15	that	that	PRON
fbem-29134	147	16	harm	harm	VERB
fbem-29134	147	17	the	the	DET
fbem-29134	147	18	company	company	NOUN
fbem-29134	147	19	’s	’s	PART
fbem-29134	147	20	long	long	ADJ
fbem-29134	147	21	-	-	PUNCT
fbem-29134	147	22	term	term	NOUN
fbem-29134	147	23	development	development	NOUN
fbem-29134	147	24	.	.	PUNCT
fbem-29134	148	1	excessive	excessive	ADJ
fbem-29134	148	2	ceo	ceo	NOUN
fbem-29134	148	3	power	power	NOUN
fbem-29134	148	4	can	can	AUX
fbem-29134	148	5	result	result	VERB
fbem-29134	148	6	in	in	ADP
fbem-29134	148	7	the	the	DET
fbem-29134	148	8	abuse	abuse	NOUN
fbem-29134	148	9	of	of	ADP
fbem-29134	148	10	power	power	NOUN
fbem-29134	148	11	,	,	PUNCT
fbem-29134	148	12	leading	lead	VERB
fbem-29134	148	13	to	to	ADP
fbem-29134	148	14	decisions	decision	NOUN
fbem-29134	148	15	that	that	PRON
fbem-29134	148	16	benefit	benefit	VERB
fbem-29134	148	17	the	the	DET
fbem-29134	148	18	ceo	ceo	NOUN
fbem-29134	148	19	personally	personally	ADV
fbem-29134	148	20	but	but	CCONJ
fbem-29134	148	21	are	be	AUX
fbem-29134	148	22	detrimental	detrimental	ADJ
fbem-29134	148	23	to	to	ADP
fbem-29134	148	24	the	the	DET
fbem-29134	148	25	company	company	NOUN
fbem-29134	148	26	’s	’s	PART
fbem-29134	148	27	long	long	ADJ
fbem-29134	148	28	-	-	PUNCT
fbem-29134	148	29	term	term	NOUN
fbem-29134	148	30	interests	interest	NOUN
fbem-29134	148	31	.	.	PUNCT
fbem-29134	149	1	therefore	therefore	ADV
fbem-29134	149	2	,	,	PUNCT
fbem-29134	149	3	it	it	PRON
fbem-29134	149	4	is	be	AUX
fbem-29134	149	5	crucial	crucial	ADJ
fbem-29134	149	6	to	to	PART
fbem-29134	149	7	strengthen	strengthen	VERB
fbem-29134	149	8	the	the	DET
fbem-29134	149	9	constraints	constraint	NOUN
fbem-29134	149	10	on	on	ADP
fbem-29134	149	11	ceo	ceo	NOUN
fbem-29134	149	12	power	power	NOUN
fbem-29134	149	13	.	.	PUNCT
fbem-29134	150	1	this	this	DET
fbem-29134	150	2	paper	paper	NOUN
fbem-29134	150	3	,	,	PUNCT
fbem-29134	150	4	by	by	ADP
fbem-29134	150	5	studying	study	VERB
fbem-29134	150	6	the	the	DET
fbem-29134	150	7	relationship	relationship	NOUN
fbem-29134	150	8	between	between	ADP
fbem-29134	150	9	the	the	DET
fbem-29134	150	10	heterogeneity	heterogeneity	NOUN
fbem-29134	150	11	of	of	ADP
fbem-29134	150	12	the	the	DET
fbem-29134	150	13	top	top	ADJ
fbem-29134	150	14	management	management	NOUN
fbem-29134	150	15	team	team	NOUN
fbem-29134	150	16	and	and	CCONJ
fbem-29134	150	17	ceo	ceo	NOUN
fbem-29134	150	18	power	power	NOUN
fbem-29134	150	19	,	,	PUNCT
fbem-29134	150	20	concludes	conclude	VERB
fbem-29134	150	21	that	that	SCONJ
fbem-29134	150	22	there	there	PRON
fbem-29134	150	23	is	be	VERB
fbem-29134	150	24	an	an	DET
fbem-29134	150	25	inverted	inverted	ADJ
fbem-29134	150	26	u	u	ADJ
fbem-29134	150	27	-	-	ADJ
fbem-29134	150	28	shaped	shape	VERB
fbem-29134	150	29	relationship	relationship	NOUN
fbem-29134	150	30	between	between	ADP
fbem-29134	150	31	the	the	DET
fbem-29134	150	32	educational	educational	ADJ
fbem-29134	150	33	background	background	NOUN
fbem-29134	150	34	heterogeneity	heterogeneity	NOUN
fbem-29134	150	35	of	of	ADP
fbem-29134	150	36	the	the	DET
fbem-29134	150	37	top	top	ADJ
fbem-29134	150	38	management	management	NOUN
fbem-29134	150	39	team	team	NOUN
fbem-29134	150	40	and	and	CCONJ
fbem-29134	150	41	ceo	ceo	NOUN
fbem-29134	150	42	power	power	NOUN
fbem-29134	150	43	.	.	PUNCT
fbem-29134	151	1	this	this	DET
fbem-29134	151	2	finding	finding	NOUN
fbem-29134	151	3	is	be	AUX
fbem-29134	151	4	beneficial	beneficial	ADJ
fbem-29134	151	5	for	for	ADP
fbem-29134	151	6	shareholders	shareholder	NOUN
fbem-29134	151	7	,	,	PUNCT
fbem-29134	151	8	as	as	SCONJ
fbem-29134	151	9	it	it	PRON
fbem-29134	151	10	suggests	suggest	VERB
fbem-29134	151	11	that	that	SCONJ
fbem-29134	151	12	introducing	introduce	VERB
fbem-29134	151	13	different	different	ADJ
fbem-29134	151	14	management	management	NOUN
fbem-29134	151	15	team	team	NOUN
fbem-29134	151	16	members	member	NOUN
fbem-29134	151	17	based	base	VERB
fbem-29134	151	18	on	on	ADP
fbem-29134	151	19	the	the	DET
fbem-29134	151	20	company	company	NOUN
fbem-29134	151	21	’s	’s	PART
fbem-29134	151	22	development	development	NOUN
fbem-29134	151	23	can	can	AUX
fbem-29134	151	24	limit	limit	VERB
fbem-29134	151	25	and	and	CCONJ
fbem-29134	151	26	constrain	constrain	VERB
fbem-29134	151	27	the	the	DET
fbem-29134	151	28	ceo	ceo	NOUN
fbem-29134	151	29	’s	’s	PART
fbem-29134	151	30	power	power	NOUN
fbem-29134	151	31	,	,	PUNCT
fbem-29134	151	32	achieving	achieve	VERB
fbem-29134	151	33	better	well	ADJ
fbem-29134	151	34	internal	internal	ADJ
fbem-29134	151	35	control	control	NOUN
fbem-29134	151	36	.	.	PUNCT
fbem-29134	152	1	for	for	ADP
fbem-29134	152	2	business	business	NOUN
fbem-29134	152	3	owners	owner	NOUN
fbem-29134	152	4	,	,	PUNCT
fbem-29134	152	5	this	this	DET
fbem-29134	152	6	paper	paper	NOUN
fbem-29134	152	7	provides	provide	VERB
fbem-29134	152	8	an	an	DET
fbem-29134	152	9	important	important	ADJ
fbem-29134	152	10	solution	solution	NOUN
fbem-29134	152	11	to	to	PART
fbem-29134	152	12	balance	balance	VERB
fbem-29134	152	13	ceo	ceo	NOUN
fbem-29134	152	14	power	power	NOUN
fbem-29134	152	15	and	and	CCONJ
fbem-29134	152	16	mitigate	mitigate	VERB
fbem-29134	152	17	agency	agency	NOUN
fbem-29134	152	18	costs	cost	NOUN
fbem-29134	152	19	by	by	ADP
fbem-29134	152	20	verifying	verify	VERB
fbem-29134	152	21	the	the	DET
fbem-29134	152	22	relationship	relationship	NOUN
fbem-29134	152	23	between	between	ADP
fbem-29134	152	24	the	the	DET
fbem-29134	152	25	heterogeneity	heterogeneity	NOUN
fbem-29134	152	26	of	of	ADP
fbem-29134	152	27	the	the	DET
fbem-29134	152	28	management	management	NOUN
fbem-29134	152	29	team	team	NOUN
fbem-29134	152	30	and	and	CCONJ
fbem-29134	152	31	ceo	ceo	NOUN
fbem-29134	152	32	power	power	NOUN
fbem-29134	152	33	.	.	PUNCT
fbem-29134	153	1	references	reference	NOUN
fbem-29134	153	2	[	[	X
fbem-29134	153	3	1	1	NUM
fbem-29134	153	4	]	]	PUNCT
fbem-29134	153	5	hambrick	hambrick	NOUN
fbem-29134	153	6	d	d	PROPN
fbem-29134	153	7	c	c	PROPN
fbem-29134	153	8	,	,	PUNCT
fbem-29134	153	9	mason	mason	PROPN
fbem-29134	153	10	p	p	PROPN
fbem-29134	153	11	a.	a.	PROPN
fbem-29134	153	12	upper	upper	ADJ
fbem-29134	153	13	echelons	echelon	NOUN
fbem-29134	153	14	:	:	PUNCT
fbem-29134	153	15	the	the	DET
fbem-29134	153	16	organization	organization	NOUN
fbem-29134	153	17	as	as	ADP
fbem-29134	153	18	a	a	DET
fbem-29134	153	19	reflection	reflection	NOUN
fbem-29134	153	20	of	of	ADP
fbem-29134	153	21	its	its	PRON
fbem-29134	153	22	top	top	ADJ
fbem-29134	153	23	managers	manager	NOUN
fbem-29134	154	1	[	[	X
fbem-29134	154	2	j	j	X
fbem-29134	154	3	]	]	X
fbem-29134	154	4	.	.	PUNCT
fbem-29134	155	1	academy	academy	PROPN
fbem-29134	155	2	of	of	ADP
fbem-29134	155	3	management	management	PROPN
fbem-29134	155	4	review	review	PROPN
fbem-29134	155	5	,	,	PUNCT
fbem-29134	155	6	1984	1984	NUM
fbem-29134	155	7	,	,	PUNCT
fbem-29134	155	8	9(2	9(2	NUM
fbem-29134	155	9	):	):	PUNCT
fbem-29134	155	10	193	193	NUM
fbem-29134	155	11	-	-	SYM
fbem-29134	155	12	206	206	NUM
fbem-29134	155	13	.	.	PUNCT
fbem-29134	156	1	[	[	X
fbem-29134	156	2	2	2	X
fbem-29134	156	3	]	]	PUNCT
fbem-29134	156	4	cao	cao	PROPN
fbem-29134	156	5	guohua	guohua	PROPN
fbem-29134	156	6	,	,	PUNCT
fbem-29134	156	7	yang	yang	PROPN
fbem-29134	156	8	junjie	junjie	PROPN
fbem-29134	156	9	,	,	PUNCT
fbem-29134	156	10	lin	lin	PROPN
fbem-29134	156	11	chuan	chuan	PROPN
fbem-29134	156	12	.	.	PUNCT
fbem-29134	157	1	ceo	ceo	NOUN
fbem-29134	157	2	reputation	reputation	NOUN
fbem-29134	157	3	and	and	CCONJ
fbem-29134	157	4	investment	investment	NOUN
fbem-29134	157	5	short	short	ADJ
fbem-29134	157	6	-	-	PUNCT
fbem-29134	157	7	termism	termism	NOUN
fbem-29134	158	1	[	[	X
fbem-29134	158	2	j	j	X
fbem-29134	158	3	]	]	X
fbem-29134	158	4	.	.	PUNCT
fbem-29134	159	1	journal	journal	PROPN
fbem-29134	159	2	of	of	ADP
fbem-29134	159	3	management	management	NOUN
fbem-29134	159	4	engineering	engineering	NOUN
fbem-29134	159	5	,	,	PUNCT
fbem-29134	159	6	2017	2017	NUM
fbem-29134	159	7	,	,	PUNCT
fbem-29134	159	8	31	31	NUM
fbem-29134	159	9	(	(	PUNCT
fbem-29134	159	10	04	04	NUM
fbem-29134	159	11	):	):	PUNCT
fbem-29134	159	12	45	45	NUM
fbem-29134	159	13	-	-	SYM
fbem-29134	159	14	51	51	NUM
fbem-29134	159	15	.	.	PUNCT
fbem-29134	160	1	doi	doi	NOUN
fbem-29134	160	2	:	:	PUNCT
fbem-29134	160	3	10.13587	10.13587	NUM
fbem-29134	160	4	/	/	SYM
fbem-29134	160	5	j.cnki.jieem.2017.04.006	j.cnki.jieem.2017.04.006	PROPN
fbem-29134	160	6	[	[	X
fbem-29134	160	7	3	3	NUM
fbem-29134	160	8	]	]	PUNCT
fbem-29134	160	9	benston	benston	NOUN
fbem-29134	160	10	g	g	PROPN
fbem-29134	160	11	j.	j.	PROPN
fbem-29134	160	12	the	the	DET
fbem-29134	160	13	self	self	NOUN
fbem-29134	160	14	-	-	PUNCT
fbem-29134	160	15	serving	serve	VERB
fbem-29134	160	16	management	management	NOUN
fbem-29134	160	17	hypothesis	hypothesis	NOUN
fbem-29134	160	18	:	:	PUNCT
fbem-29134	160	19	some	some	DET
fbem-29134	160	20	evidence	evidence	NOUN
fbem-29134	161	1	[	[	X
fbem-29134	161	2	j	j	X
fbem-29134	161	3	]	]	X
fbem-29134	161	4	.	.	PUNCT
fbem-29134	162	1	journal	journal	PROPN
fbem-29134	162	2	of	of	ADP
fbem-29134	162	3	accounting	accounting	NOUN
fbem-29134	162	4	and	and	CCONJ
fbem-29134	162	5	economics	economic	NOUN
fbem-29134	162	6	,	,	PUNCT
fbem-29134	162	7	1985	1985	NUM
fbem-29134	162	8	,	,	PUNCT
fbem-29134	162	9	7(13	7(13	NUM
fbem-29134	162	10	):	):	PUNCT
fbem-29134	162	11	67	67	NUM
fbem-29134	162	12	-	-	SYM
fbem-29134	162	13	84	84	NUM
fbem-29134	162	14	.	.	PUNCT
fbem-29134	163	1	[	[	X
fbem-29134	163	2	4	4	X
fbem-29134	163	3	]	]	X
fbem-29134	163	4	wang	wang	PROPN
fbem-29134	163	5	c.	c.	PROPN
fbem-29134	163	6	incentives	incentive	NOUN
fbem-29134	163	7	,	,	PUNCT
fbem-29134	163	8	ceo	ceo	NOUN
fbem-29134	163	9	compensation	compensation	NOUN
fbem-29134	163	10	,	,	PUNCT
fbem-29134	163	11	and	and	CCONJ
fbem-29134	163	12	shareholder	shareholder	NOUN
fbem-29134	163	13	wealth	wealth	NOUN
fbem-29134	163	14	in	in	ADP
fbem-29134	163	15	a	a	DET
fbem-29134	163	16	dynamic	dynamic	ADJ
fbem-29134	163	17	agency	agency	NOUN
fbem-29134	163	18	model	model	NOUN
fbem-29134	164	1	[	[	X
fbem-29134	164	2	j	j	X
fbem-29134	164	3	]	]	X
fbem-29134	164	4	.	.	PUNCT
fbem-29134	165	1	journal	journal	PROPN
fbem-29134	165	2	of	of	ADP
fbem-29134	165	3	economic	economic	ADJ
fbem-29134	165	4	theory	theory	NOUN
fbem-29134	165	5	,	,	PUNCT
fbem-29134	165	6	1997	1997	NUM
fbem-29134	165	7	,	,	PUNCT
fbem-29134	165	8	76(1	76(1	NUM
fbem-29134	165	9	):	):	PUNCT
fbem-29134	165	10	72	72	NUM
fbem-29134	165	11	-	-	SYM
fbem-29134	165	12	105	105	NUM
fbem-29134	165	13	.	.	PUNCT
fbem-29134	166	1	[	[	X
fbem-29134	166	2	5	5	NUM
fbem-29134	166	3	]	]	PUNCT
fbem-29134	166	4	xu	xu	PROPN
fbem-29134	166	5	xiaoming	xiaoming	PROPN
fbem-29134	166	6	,	,	PUNCT
fbem-29134	166	7	li	li	PROPN
fbem-29134	166	8	jinzao	jinzao	PROPN
fbem-29134	166	9	.	.	PUNCT
fbem-29134	167	1	ceo	ceo	NOUN
fbem-29134	167	2	tenure	tenure	NOUN
fbem-29134	167	3	and	and	CCONJ
fbem-29134	167	4	enterprise	enterprise	NOUN
fbem-29134	167	5	performance	performance	NOUN
fbem-29134	167	6	relationship	relationship	NOUN
fbem-29134	167	7	model	model	NOUN
fbem-29134	168	1	[	[	X
fbem-29134	168	2	j	j	X
fbem-29134	168	3	]	]	X
fbem-29134	168	4	.	.	PUNCT
fbem-29134	169	1	foreign	foreign	ADJ
fbem-29134	169	2	economics	economic	NOUN
fbem-29134	169	3	&	&	CCONJ
fbem-29134	169	4	management	management	PROPN
fbem-29134	169	5	,	,	PUNCT
fbem-29134	169	6	2007(08	2007(08	NUM
fbem-29134	169	7	):	):	PUNCT
fbem-29134	169	8	45	45	NUM
fbem-29134	169	9	-	-	SYM
fbem-29134	169	10	50	50	NUM
fbem-29134	169	11	+	+	NOUN
fbem-29134	169	12	57	57	NUM
fbem-29134	169	13	.	.	PUNCT
fbem-29134	169	14	doi	doi	NOUN
fbem-29134	169	15	:	:	PUNCT
fbem-29134	169	16	10.16538	10.16538	NUM
fbem-29134	169	17	/	/	SYM
fbem-29134	169	18	j.cnki.fem.2007.08.006	j.cnki.fem.2007.08.006	NOUN
fbem-29134	169	19	.	.	PUNCT
fbem-29134	170	1	[	[	X
fbem-29134	170	2	6	6	NUM
fbem-29134	170	3	]	]	X
fbem-29134	170	4	duan	duan	PROPN
fbem-29134	170	5	haiyan	haiyan	PROPN
fbem-29134	170	6	,	,	PUNCT
fbem-29134	170	7	zhong	zhong	PROPN
fbem-29134	170	8	weizhou	weizhou	PROPN
fbem-29134	170	9	.	.	PUNCT
fbem-29134	171	1	empirical	empirical	ADJ
fbem-29134	171	2	analysis	analysis	NOUN
fbem-29134	171	3	of	of	ADP
fbem-29134	171	4	ceo	ceo	NOUN
fbem-29134	171	5	human	human	ADJ
fbem-29134	171	6	capital	capital	NOUN
fbem-29134	171	7	characteristics	characteristic	NOUN
fbem-29134	171	8	,	,	PUNCT
fbem-29134	171	9	enterprise	enterprise	NOUN
fbem-29134	171	10	characteristics	characteristic	NOUN
fbem-29134	171	11	,	,	PUNCT
fbem-29134	171	12	and	and	CCONJ
fbem-29134	171	13	inter	inter	ADJ
fbem-29134	171	14	-	-	ADJ
fbem-29134	171	15	enterprise	enterprise	ADJ
fbem-29134	171	16	network	network	NOUN
fbem-29134	171	17	relations	relation	NOUN
fbem-29134	171	18	on	on	ADP
fbem-29134	171	19	ceo	ceo	NOUN
fbem-29134	171	20	pay	pay	NOUN
fbem-29134	171	21	:	:	PUNCT
fbem-29134	171	22	based	base	VERB
fbem-29134	171	23	on	on	ADP
fbem-29134	171	24	the	the	DET
fbem-29134	171	25	experience	experience	NOUN
fbem-29134	171	26	of	of	ADP
fbem-29134	171	27	listed	list	VERB
fbem-29134	171	28	companies	company	NOUN
fbem-29134	171	29	in	in	ADP
fbem-29134	171	30	shanghai	shanghai	PROPN
fbem-29134	172	1	[	[	X
fbem-29134	172	2	j	j	X
fbem-29134	172	3	]	]	X
fbem-29134	172	4	.	.	PUNCT
fbem-29134	173	1	science	science	PROPN
fbem-29134	173	2	&	&	CCONJ
fbem-29134	173	3	technology	technology	PROPN
fbem-29134	173	4	management	management	NOUN
fbem-29134	173	5	,	,	PUNCT
fbem-29134	173	6	2008(03	2008(03	NOUN
fbem-29134	173	7	):	):	PUNCT
fbem-29134	173	8	167	167	NUM
fbem-29134	173	9	-	-	SYM
fbem-29134	173	10	173	173	NUM
fbem-29134	173	11	.	.	PUNCT
fbem-29134	174	1	[	[	X
fbem-29134	174	2	7	7	X
fbem-29134	174	3	]	]	X
fbem-29134	174	4	yao	yao	PROPN
fbem-29134	174	5	yaya	yaya	PROPN
fbem-29134	174	6	.	.	PUNCT
fbem-29134	175	1	empirical	empirical	ADJ
fbem-29134	175	2	analysis	analysis	NOUN
fbem-29134	175	3	of	of	ADP
fbem-29134	175	4	the	the	DET
fbem-29134	175	5	impact	impact	NOUN
fbem-29134	175	6	of	of	ADP
fbem-29134	175	7	ceo	ceo	NOUN
fbem-29134	175	8	educational	educational	ADJ
fbem-29134	175	9	background	background	NOUN
fbem-29134	175	10	on	on	ADP
fbem-29134	175	11	enterprise	enterprise	NOUN
fbem-29134	175	12	performance	performance	NOUN
fbem-29134	176	1	[	[	X
fbem-29134	176	2	d	d	X
fbem-29134	176	3	]	]	X
fbem-29134	176	4	.	.	PUNCT
fbem-29134	177	1	yan'an	yan'an	PROPN
fbem-29134	177	2	university	university	PROPN
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fbem-29134	182	9	.	.	PUNCT
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fbem-29134	185	7	):	):	PUNCT
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fbem-29134	186	17	:	:	PUNCT
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fbem-29134	187	4	.	.	PUNCT
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fbem-29134	188	9	):	):	PUNCT
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fbem-29134	188	11	-	-	SYM
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fbem-29134	188	13	.	.	PUNCT
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fbem-29134	189	6	.	.	PUNCT
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fbem-29134	190	15	.	.	PUNCT
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fbem-29134	191	9	.	.	PUNCT
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fbem-29134	192	9	.	.	PUNCT
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fbem-29134	195	9	-	-	SYM
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fbem-29134	195	11	.	.	PUNCT
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fbem-29134	198	5	):	):	PUNCT
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fbem-29134	198	7	-	-	SYM
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fbem-29134	198	9	.	.	PUNCT
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fbem-29134	200	8	):	):	PUNCT
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fbem-29134	200	10	-	-	SYM
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fbem-29134	204	7	-	-	SYM
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fbem-29134	208	8	-	-	SYM
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fbem-29134	209	2	:	:	PUNCT
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fbem-29134	209	4	/	/	SYM
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fbem-29134	209	6	.	.	PUNCT
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fbem-29134	210	3	]	]	SYM
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fbem-29134	212	8	51	51	NUM
fbem-29134	212	9	-	-	SYM
fbem-29134	212	10	55	55	NUM
fbem-29134	212	11	.	.	PUNCT
fbem-29134	213	1	[	[	X
fbem-29134	213	2	18	18	NUM
fbem-29134	213	3	]	]	X
fbem-29134	213	4	liu	liu	PROPN
fbem-29134	213	5	bo	bo	PROPN
fbem-29134	213	6	,	,	PUNCT
fbem-29134	213	7	zhang	zhang	PROPN
fbem-29134	213	8	duolei	duolei	PROPN
fbem-29134	213	9	,	,	PUNCT
fbem-29134	213	10	liu	liu	PROPN
fbem-29134	213	11	haibing	haibing	NOUN
fbem-29134	213	12	.	.	PUNCT
fbem-29134	214	1	research	research	NOUN
fbem-29134	214	2	on	on	ADP
fbem-29134	214	3	the	the	DET
fbem-29134	214	4	relationship	relationship	NOUN
fbem-29134	214	5	between	between	ADP
fbem-29134	214	6	social	social	ADJ
fbem-29134	214	7	capital	capital	NOUN
fbem-29134	214	8	break	break	NOUN
fbem-29134	214	9	in	in	ADP
fbem-29134	214	10	executive	executive	ADJ
fbem-29134	214	11	teams	team	NOUN
fbem-29134	214	12	and	and	CCONJ
fbem-29134	214	13	corporate	corporate	ADJ
fbem-29134	214	14	innovation	innovation	NOUN
fbem-29134	214	15	capability	capability	NOUN
fbem-29134	214	16	:	:	PUNCT
fbem-29134	214	17	the	the	DET
fbem-29134	214	18	moderating	moderate	VERB
fbem-29134	214	19	effect	effect	NOUN
fbem-29134	214	20	of	of	ADP
fbem-29134	214	21	ceo	ceo	NOUN
fbem-29134	214	22	power	power	NOUN
fbem-29134	215	1	[	[	X
fbem-29134	215	2	j	j	X
fbem-29134	215	3	]	]	X
fbem-29134	215	4	.	.	PUNCT
fbem-29134	216	1	east	east	PROPN
fbem-29134	216	2	china	china	PROPN
fbem-29134	216	3	economic	economic	ADJ
fbem-29134	216	4	management	management	NOUN
fbem-29134	216	5	,	,	PUNCT
fbem-29134	216	6	2018	2018	NUM
fbem-29134	216	7	,	,	PUNCT
fbem-29134	216	8	32(7	32(7	NUM
fbem-29134	216	9	):	):	PUNCT
fbem-29134	216	10	150	150	NUM
fbem-29134	216	11	-	-	SYM
fbem-29134	216	12	156	156	NUM
fbem-29134	216	13	.	.	PUNCT
fbem-29134	217	1	doi	doi	NOUN
fbem-29134	217	2	:	:	PUNCT
fbem-29134	217	3	10.19629	10.19629	NUM
fbem-29134	217	4	/	/	SYM
fbem-29134	217	5	j.cnki.341014	j.cnki.341014	NOUN
fbem-29134	217	6	/	/	SYM
fbem-29134	217	7	f.170917011	f.170917011	NOUN
fbem-29134	217	8	.	.	PUNCT
fbem-29134	218	1	[	[	X
fbem-29134	218	2	19	19	NUM
fbem-29134	218	3	]	]	X
fbem-29134	218	4	finkelstein	finkelstein	PROPN
fbem-29134	218	5	s.	s.	PROPN
fbem-29134	218	6	power	power	PROPN
fbem-29134	218	7	in	in	ADP
fbem-29134	218	8	top	top	ADJ
fbem-29134	218	9	management	management	NOUN
fbem-29134	218	10	teams	team	NOUN
fbem-29134	218	11	:	:	PUNCT
fbem-29134	218	12	dimensions	dimension	NOUN
fbem-29134	218	13	,	,	PUNCT
fbem-29134	218	14	measurement	measurement	NOUN
fbem-29134	218	15	,	,	PUNCT
fbem-29134	218	16	and	and	CCONJ
fbem-29134	218	17	validation	validation	NOUN
fbem-29134	218	18	[	[	X
fbem-29134	218	19	j	j	X
fbem-29134	218	20	]	]	X
fbem-29134	218	21	.	.	PUNCT
fbem-29134	219	1	academy	academy	PROPN
fbem-29134	219	2	of	of	ADP
fbem-29134	219	3	management	management	PROPN
fbem-29134	219	4	journal	journal	NOUN
fbem-29134	219	5	,	,	PUNCT
fbem-29134	219	6	1992	1992	NUM
fbem-29134	219	7	,	,	PUNCT
fbem-29134	219	8	35(3	35(3	NUM
fbem-29134	219	9	):	):	PUNCT
fbem-29134	219	10	505	505	NUM
fbem-29134	219	11	-	-	SYM
fbem-29134	219	12	538	538	NUM
fbem-29134	219	13	.	.	PUNCT
fbem-29134	220	1	[	[	X
fbem-29134	220	2	20	20	NUM
fbem-29134	220	3	]	]	X
fbem-29134	220	4	zhang	zhang	PROPN
fbem-29134	220	5	cuizi	cuizi	PROPN
fbem-29134	220	6	,	,	PUNCT
fbem-29134	220	7	jiang	jiang	PROPN
fbem-29134	220	8	luan	luan	PROPN
fbem-29134	220	9	,	,	PUNCT
fbem-29134	220	10	ling	ling	PROPN
fbem-29134	220	11	yupeng	yupeng	PROPN
fbem-29134	220	12	,	,	PUNCT
fbem-29134	220	13	et	et	PROPN
fbem-29134	220	14	al	al	PROPN
fbem-29134	220	15	.	.	PUNCT
fbem-29134	221	1	the	the	DET
fbem-29134	221	2	impact	impact	NOUN
fbem-29134	221	3	of	of	ADP
fbem-29134	221	4	ceo	ceo	NOUN
fbem-29134	221	5	power	power	NOUN
fbem-29134	221	6	on	on	ADP
fbem-29134	221	7	digital	digital	ADJ
fbem-29134	221	8	transformation	transformation	NOUN
fbem-29134	221	9	of	of	ADP
fbem-29134	221	10	family	family	NOUN
fbem-29134	221	11	enterprises	enterprise	NOUN
fbem-29134	221	12	[	[	X
fbem-29134	221	13	j	j	X
fbem-29134	221	14	]	]	X
fbem-29134	221	15	.	.	PUNCT
fbem-29134	222	1	journal	journal	PROPN
fbem-29134	222	2	of	of	ADP
fbem-29134	222	3	management	management	NOUN
fbem-29134	222	4	,	,	PUNCT
fbem-29134	222	5	2023	2023	NUM
fbem-29134	222	6	,	,	PUNCT
fbem-29134	222	7	20(03	20(03	NUM
fbem-29134	222	8	):	):	PUNCT
fbem-29134	222	9	339	339	NUM
fbem-29134	222	10	-	-	SYM
fbem-29134	222	11	348	348	NUM
fbem-29134	222	12	.	.	PUNCT
fbem-29134	223	1	[	[	X
fbem-29134	223	2	21	21	NUM
fbem-29134	223	3	]	]	X
fbem-29134	223	4	zhu	zhu	PROPN
fbem-29134	223	5	zhenduo	zhenduo	PROPN
fbem-29134	223	6	,	,	PUNCT
fbem-29134	223	7	li	li	PROPN
fbem-29134	223	8	xinchun	xinchun	PROPN
fbem-29134	223	9	,	,	PUNCT
fbem-29134	223	10	zhao	zhao	PROPN
fbem-29134	223	11	yong	yong	PROPN
fbem-29134	223	12	.	.	PUNCT
fbem-29134	224	1	father	father	PROPN
fbem-29134	224	2	-	-	PUNCT
fbem-29134	224	3	son	son	NOUN
fbem-29134	224	4	governance	governance	NOUN
fbem-29134	224	5	and	and	CCONJ
fbem-29134	224	6	innovation	innovation	NOUN
fbem-29134	224	7	decision	decision	NOUN
fbem-29134	224	8	-	-	PUNCT
fbem-29134	224	9	making	making	NOUN
fbem-29134	224	10	:	:	PUNCT
fbem-29134	224	11	the	the	DET
fbem-29134	224	12	effect	effect	NOUN
fbem-29134	224	13	of	of	ADP
fbem-29134	224	14	fatherly	fatherly	ADJ
fbem-29134	224	15	love	love	NOUN
fbem-29134	224	16	and	and	CCONJ
fbem-29134	224	17	strategic	strategic	ADJ
fbem-29134	224	18	foresight	foresight	NOUN
fbem-29134	224	19	in	in	ADP
fbem-29134	224	20	the	the	DET
fbem-29134	224	21	intergenerational	intergenerational	ADJ
fbem-29134	224	22	succession	succession	NOUN
fbem-29134	224	23	of	of	ADP
fbem-29134	224	24	chinese	chinese	ADJ
fbem-29134	224	25	family	family	NOUN
fbem-29134	224	26	businesses	business	NOUN
fbem-29134	225	1	[	[	X
fbem-29134	225	2	j	j	X
fbem-29134	225	3	]	]	X
fbem-29134	225	4	.	.	PUNCT
fbem-29134	226	1	management	management	NOUN
fbem-29134	226	2	world	world	NOUN
fbem-29134	226	3	,	,	PUNCT
fbem-29134	226	4	2021	2021	NUM
fbem-29134	226	5	,	,	PUNCT
fbem-29134	226	6	37(09	37(09	NUM
fbem-29134	226	7	):	):	PUNCT
fbem-29134	226	8	191	191	NUM
fbem-29134	226	9	-	-	SYM
fbem-29134	226	10	206	206	NUM
fbem-29134	226	11	+	+	NOUN
fbem-29134	226	12	232	232	NUM
fbem-29134	226	13	+	+	NOUN
fbem-29134	226	14	207	207	NUM
fbem-29134	226	15	.	.	PUNCT
fbem-29134	227	1	doi	doi	NOUN
fbem-29134	227	2	:	:	PUNCT
fbem-29134	227	3	10.19744	10.19744	NUM
fbem-29134	227	4	/	/	SYM
fbem-29134	227	5	j.cnki.11	j.cnki.11	PROPN
fbem-29134	227	6	-	-	PUNCT
fbem-29134	227	7	1235	1235	NUM
fbem-29134	227	8	/	/	SYM
fbem-29134	227	9	f.2021.0146	f.2021.0146	PROPN
fbem-29134	227	10	.	.	PUNCT
fbem-29134	228	1	[	[	X
fbem-29134	228	2	22	22	NUM
fbem-29134	228	3	]	]	X
fbem-29134	228	4	chen	chen	PROPN
fbem-29134	228	5	zhongwei	zhongwei	PROPN
fbem-29134	228	6	,	,	PUNCT
fbem-29134	228	7	chang	chang	PROPN
fbem-29134	228	8	ji	ji	PROPN
fbem-29134	228	9	.	.	PROPN
fbem-29134	228	10	empirical	empirical	ADJ
fbem-29134	228	11	study	study	NOUN
fbem-29134	228	12	on	on	ADP
fbem-29134	228	13	the	the	DET
fbem-29134	228	14	relationship	relationship	NOUN
fbem-29134	228	15	between	between	ADP
fbem-29134	228	16	executive	executive	ADJ
fbem-29134	228	17	team	team	NOUN
fbem-29134	228	18	heterogeneity	heterogeneity	NOUN
fbem-29134	228	19	,	,	PUNCT
fbem-29134	228	20	collective	collective	ADJ
fbem-29134	228	21	innovation	innovation	NOUN
fbem-29134	228	22	capability	capability	NOUN
fbem-29134	228	23	,	,	PUNCT
fbem-29134	228	24	and	and	CCONJ
fbem-29134	228	25	corporate	corporate	ADJ
fbem-29134	228	26	performance	performance	NOUN
fbem-29134	228	27	[	[	X
fbem-29134	228	28	j	j	X
fbem-29134	228	29	]	]	X
fbem-29134	228	30	.	.	PUNCT
fbem-29134	229	1	soft	soft	ADJ
fbem-29134	229	2	science	science	NOUN
fbem-29134	229	3	,	,	PUNCT
fbem-29134	229	4	2009	2009	NUM
fbem-29134	229	5	,	,	PUNCT
fbem-29134	229	6	23(09	23(09	NUM
fbem-29134	229	7	):	):	PUNCT
fbem-29134	229	8	78	78	NUM
fbem-29134	229	9	-	-	SYM
fbem-29134	229	10	83	83	NUM
fbem-29134	229	11	.	.	PUNCT