id	sid	tid	token	lemma	pos
fbem-29588	1	1	frontiers	frontier	NOUN
fbem-29588	1	2	in	in	ADP
fbem-29588	1	3	business	business	NOUN
fbem-29588	1	4	,	,	PUNCT
fbem-29588	1	5	economics	economic	NOUN
fbem-29588	1	6	and	and	CCONJ
fbem-29588	1	7	management	management	NOUN
fbem-29588	1	8	issn	issn	PROPN
fbem-29588	1	9	:	:	PUNCT
fbem-29588	1	10	2766	2766	NUM
fbem-29588	1	11	-	-	PUNCT
fbem-29588	1	12	824x	824x	NUM
fbem-29588	1	13	|	|	ADJ
fbem-29588	1	14	vol	vol	NOUN
fbem-29588	1	15	.	.	PROPN
fbem-29588	1	16	18	18	NUM
fbem-29588	1	17	,	,	PUNCT
fbem-29588	1	18	no	no	INTJ
fbem-29588	1	19	.	.	NOUN
fbem-29588	1	20	2	2	NUM
fbem-29588	1	21	,	,	PUNCT
fbem-29588	1	22	2025	2025	NUM
fbem-29588	1	23	63	63	NUM
fbem-29588	1	24	research	research	NOUN
fbem-29588	1	25	on	on	ADP
fbem-29588	1	26	the	the	DET
fbem-29588	1	27	impact	impact	NOUN
fbem-29588	1	28	of	of	ADP
fbem-29588	1	29	issuing	issue	VERB
fbem-29588	1	30	green	green	ADJ
fbem-29588	1	31	bonds	bond	NOUN
fbem-29588	1	32	on	on	ADP
fbem-29588	1	33	the	the	DET
fbem-29588	1	34	corporate	corporate	ADJ
fbem-29588	1	35	value	value	NOUN
fbem-29588	1	36	of	of	ADP
fbem-29588	1	37	listed	list	VERB
fbem-29588	1	38	companies	company	NOUN
fbem-29588	1	39	in	in	ADP
fbem-29588	1	40	china	china	PROPN
fbem-29588	1	41	yujia	yujia	PROPN
fbem-29588	1	42	chen	chen	PROPN
fbem-29588	1	43	school	school	PROPN
fbem-29588	1	44	of	of	ADP
fbem-29588	1	45	economics	economic	NOUN
fbem-29588	1	46	and	and	CCONJ
fbem-29588	1	47	management	management	NOUN
fbem-29588	1	48	,	,	PUNCT
fbem-29588	1	49	southwest	southwest	ADJ
fbem-29588	1	50	petroleum	petroleum	PROPN
fbem-29588	1	51	university	university	PROPN
fbem-29588	1	52	,	,	PUNCT
fbem-29588	1	53	chengdu	chengdu	PROPN
fbem-29588	1	54	610500	610500	NUM
fbem-29588	1	55	,	,	PUNCT
fbem-29588	1	56	china	china	PROPN
fbem-29588	1	57	abstract	abstract	NOUN
fbem-29588	1	58	:	:	PUNCT
fbem-29588	1	59	to	to	PART
fbem-29588	1	60	study	study	VERB
fbem-29588	1	61	the	the	DET
fbem-29588	1	62	impact	impact	NOUN
fbem-29588	1	63	of	of	ADP
fbem-29588	1	64	green	green	ADJ
fbem-29588	1	65	bond	bond	NOUN
fbem-29588	1	66	issuance	issuance	NOUN
fbem-29588	1	67	on	on	ADP
fbem-29588	1	68	the	the	DET
fbem-29588	1	69	value	value	NOUN
fbem-29588	1	70	of	of	ADP
fbem-29588	1	71	issuing	issue	VERB
fbem-29588	1	72	entities	entity	NOUN
fbem-29588	1	73	,	,	PUNCT
fbem-29588	1	74	this	this	DET
fbem-29588	1	75	paper	paper	NOUN
fbem-29588	1	76	uses	use	VERB
fbem-29588	1	77	panel	panel	NOUN
fbem-29588	1	78	data	datum	NOUN
fbem-29588	1	79	of	of	ADP
fbem-29588	1	80	green	green	ADJ
fbem-29588	1	81	bond	bond	NOUN
fbem-29588	1	82	issuance	issuance	NOUN
fbem-29588	1	83	by	by	ADP
fbem-29588	1	84	chinese	chinese	ADJ
fbem-29588	1	85	a	a	PROPN
fbem-29588	1	86	-	-	PUNCT
fbem-29588	1	87	share	share	NOUN
fbem-29588	1	88	listed	list	VERB
fbem-29588	1	89	companies	company	NOUN
fbem-29588	1	90	from	from	ADP
fbem-29588	1	91	2015	2015	NUM
fbem-29588	1	92	to	to	ADP
fbem-29588	1	93	2023	2023	NUM
fbem-29588	1	94	,	,	PUNCT
fbem-29588	1	95	and	and	CCONJ
fbem-29588	1	96	employs	employ	VERB
fbem-29588	1	97	a	a	DET
fbem-29588	1	98	multi	multi	ADJ
fbem-29588	1	99	period	period	NOUN
fbem-29588	1	100	difference	difference	NOUN
fbem-29588	1	101	in	in	ADP
fbem-29588	1	102	differences	difference	NOUN
fbem-29588	1	103	(	(	PUNCT
fbem-29588	1	104	did	do	AUX
fbem-29588	1	105	)	)	PUNCT
fbem-29588	1	106	model	model	NOUN
fbem-29588	1	107	to	to	PART
fbem-29588	1	108	empirically	empirically	ADV
fbem-29588	1	109	analyze	analyze	VERB
fbem-29588	1	110	the	the	DET
fbem-29588	1	111	value	value	NOUN
fbem-29588	1	112	changes	change	NOUN
fbem-29588	1	113	before	before	ADP
fbem-29588	1	114	and	and	CCONJ
fbem-29588	1	115	after	after	ADP
fbem-29588	1	116	the	the	DET
fbem-29588	1	117	issuance	issuance	NOUN
fbem-29588	1	118	of	of	ADP
fbem-29588	1	119	green	green	ADJ
fbem-29588	1	120	bonds	bond	NOUN
fbem-29588	1	121	by	by	ADP
fbem-29588	1	122	enterprises	enterprise	NOUN
fbem-29588	1	123	.	.	PUNCT
fbem-29588	2	1	the	the	DET
fbem-29588	2	2	research	research	NOUN
fbem-29588	2	3	results	result	NOUN
fbem-29588	2	4	indicate	indicate	VERB
fbem-29588	2	5	that	that	SCONJ
fbem-29588	2	6	firstly	firstly	ADV
fbem-29588	2	7	,	,	PUNCT
fbem-29588	2	8	issuing	issue	VERB
fbem-29588	2	9	green	green	ADJ
fbem-29588	2	10	bonds	bond	NOUN
fbem-29588	2	11	can	can	AUX
fbem-29588	2	12	significantly	significantly	ADV
fbem-29588	2	13	improve	improve	VERB
fbem-29588	2	14	the	the	DET
fbem-29588	2	15	tobinq	tobinq	ADJ
fbem-29588	2	16	value	value	NOUN
fbem-29588	2	17	of	of	ADP
fbem-29588	2	18	enterprises	enterprise	NOUN
fbem-29588	2	19	,	,	PUNCT
fbem-29588	2	20	that	that	ADV
fbem-29588	2	21	is	is	ADV
fbem-29588	2	22	,	,	PUNCT
fbem-29588	2	23	green	green	ADJ
fbem-29588	2	24	bonds	bond	NOUN
fbem-29588	2	25	ha	ha	INTJ
fbem-29588	2	26	ve	ve	VERB
fbem-29588	2	27	a	a	DET
fbem-29588	2	28	positive	positive	ADJ
fbem-29588	2	29	impact	impact	NOUN
fbem-29588	2	30	on	on	ADP
fbem-29588	2	31	enterprise	enterprise	NOUN
fbem-29588	2	32	value	value	NOUN
fbem-29588	2	33	.	.	PUNCT
fbem-29588	3	1	secondly	secondly	ADV
fbem-29588	3	2	,	,	PUNCT
fbem-29588	3	3	the	the	DET
fbem-29588	3	4	reduction	reduction	NOUN
fbem-29588	3	5	of	of	ADP
fbem-29588	3	6	debt	debt	NOUN
fbem-29588	3	7	financing	financing	NOUN
fbem-29588	3	8	costs	cost	NOUN
fbem-29588	3	9	has	have	AUX
fbem-29588	3	10	played	play	VERB
fbem-29588	3	11	a	a	DET
fbem-29588	3	12	partial	partial	ADJ
fbem-29588	3	13	intermediary	intermediary	ADJ
fbem-29588	3	14	role	role	NOUN
fbem-29588	3	15	between	between	ADP
fbem-29588	3	16	green	green	ADJ
fbem-29588	3	17	bonds	bond	NOUN
fbem-29588	3	18	and	and	CCONJ
fbem-29588	3	19	corporate	corporate	ADJ
fbem-29588	3	20	value	value	NOUN
fbem-29588	3	21	.	.	PUNCT
fbem-29588	4	1	thirdly	thirdly	ADV
fbem-29588	4	2	,	,	PUNCT
fbem-29588	4	3	in	in	ADP
fbem-29588	4	4	heterogeneity	heterogeneity	NOUN
fbem-29588	4	5	analysis	analysis	NOUN
fbem-29588	4	6	,	,	PUNCT
fbem-29588	4	7	enterprises	enterprise	NOUN
fbem-29588	4	8	in	in	ADP
fbem-29588	4	9	the	the	DET
fbem-29588	4	10	eastern	eastern	ADJ
fbem-29588	4	11	region	region	NOUN
fbem-29588	4	12	and	and	CCONJ
fbem-29588	4	13	polluting	polluting	NOUN
fbem-29588	4	14	industries	industry	NOUN
fbem-29588	4	15	are	be	AUX
fbem-29588	4	16	more	more	ADV
fbem-29588	4	17	significantly	significantly	ADV
fbem-29588	4	18	affected	affect	VERB
fbem-29588	4	19	by	by	ADP
fbem-29588	4	20	green	green	ADJ
fbem-29588	4	21	bonds	bond	NOUN
fbem-29588	4	22	.	.	PUNCT
fbem-29588	5	1	keywords	keyword	NOUN
fbem-29588	5	2	:	:	PUNCT
fbem-29588	5	3	green	green	ADJ
fbem-29588	5	4	bonds	bond	NOUN
fbem-29588	5	5	,	,	PUNCT
fbem-29588	5	6	enterprise	enterprise	NOUN
fbem-29588	5	7	value	value	NOUN
fbem-29588	5	8	,	,	PUNCT
fbem-29588	5	9	green	green	ADJ
fbem-29588	5	10	innovation	innovation	NOUN
fbem-29588	5	11	.	.	PUNCT
fbem-29588	6	1	1	1	X
fbem-29588	6	2	.	.	X
fbem-29588	6	3	introduction	introduction	NOUN
fbem-29588	6	4	in	in	ADP
fbem-29588	6	5	recent	recent	ADJ
fbem-29588	6	6	years	year	NOUN
fbem-29588	6	7	,	,	PUNCT
fbem-29588	6	8	china	china	PROPN
fbem-29588	6	9	's	's	PART
fbem-29588	6	10	economy	economy	NOUN
fbem-29588	6	11	has	have	AUX
fbem-29588	6	12	shown	show	VERB
fbem-29588	6	13	a	a	DET
fbem-29588	6	14	strong	strong	ADJ
fbem-29588	6	15	development	development	NOUN
fbem-29588	6	16	trend	trend	NOUN
fbem-29588	6	17	and	and	CCONJ
fbem-29588	6	18	achieved	achieve	VERB
fbem-29588	6	19	historic	historic	ADJ
fbem-29588	6	20	leaps	leap	NOUN
fbem-29588	6	21	.	.	PUNCT
fbem-29588	7	1	since	since	SCONJ
fbem-29588	7	2	the	the	DET
fbem-29588	7	3	reform	reform	NOUN
fbem-29588	7	4	and	and	CCONJ
fbem-29588	7	5	opening	opening	NOUN
fbem-29588	7	6	up	up	ADP
fbem-29588	7	7	,	,	PUNCT
fbem-29588	7	8	especially	especially	ADV
fbem-29588	7	9	in	in	ADP
fbem-29588	7	10	the	the	DET
fbem-29588	7	11	21st	21st	ADJ
fbem-29588	7	12	century	century	NOUN
fbem-29588	7	13	,	,	PUNCT
fbem-29588	7	14	china	china	PROPN
fbem-29588	7	15	's	's	PART
fbem-29588	7	16	total	total	ADJ
fbem-29588	7	17	economic	economic	ADJ
fbem-29588	7	18	output	output	NOUN
fbem-29588	7	19	has	have	AUX
fbem-29588	7	20	achieved	achieve	VERB
fbem-29588	7	21	a	a	DET
fbem-29588	7	22	qualitative	qualitative	ADJ
fbem-29588	7	23	leap	leap	NOUN
fbem-29588	7	24	,	,	PUNCT
fbem-29588	7	25	with	with	ADP
fbem-29588	7	26	gdp	gdp	NOUN
fbem-29588	7	27	soaring	soar	VERB
fbem-29588	7	28	from	from	ADP
fbem-29588	7	29	1.092	1.092	NUM
fbem-29588	7	30	trillion	trillion	NUM
fbem-29588	7	31	yuan	yuan	NOUN
fbem-29588	7	32	in	in	ADP
fbem-29588	7	33	1987	1987	NUM
fbem-29588	7	34	to	to	ADP
fbem-29588	7	35	1.260582	1.260582	NUM
fbem-29588	7	36	trillion	trillion	NUM
fbem-29588	7	37	yuan	yuan	NOUN
fbem-29588	7	38	in	in	ADP
fbem-29588	7	39	2023	2023	NUM
fbem-29588	7	40	,	,	PUNCT
fbem-29588	7	41	firmly	firmly	ADV
fbem-29588	7	42	ranking	ranking	ADJ
fbem-29588	7	43	as	as	ADP
fbem-29588	7	44	the	the	DET
fbem-29588	7	45	world	world	NOUN
fbem-29588	7	46	's	's	PART
fbem-29588	7	47	second	second	ADV
fbem-29588	7	48	largest	large	ADJ
fbem-29588	7	49	economy	economy	NOUN
fbem-29588	7	50	.	.	PUNCT
fbem-29588	8	1	however	however	ADV
fbem-29588	8	2	,	,	PUNCT
fbem-29588	8	3	with	with	ADP
fbem-29588	8	4	the	the	DET
fbem-29588	8	5	rapid	rapid	ADJ
fbem-29588	8	6	growth	growth	NOUN
fbem-29588	8	7	of	of	ADP
fbem-29588	8	8	the	the	DET
fbem-29588	8	9	economy	economy	NOUN
fbem-29588	8	10	,	,	PUNCT
fbem-29588	8	11	the	the	DET
fbem-29588	8	12	contradiction	contradiction	NOUN
fbem-29588	8	13	between	between	ADP
fbem-29588	8	14	environment	environment	NOUN
fbem-29588	8	15	and	and	CCONJ
fbem-29588	8	16	development	development	NOUN
fbem-29588	8	17	has	have	AUX
fbem-29588	8	18	become	become	VERB
fbem-29588	8	19	increasingly	increasingly	ADV
fbem-29588	8	20	prominent	prominent	ADJ
fbem-29588	8	21	,	,	PUNCT
fbem-29588	8	22	becoming	become	VERB
fbem-29588	8	23	a	a	DET
fbem-29588	8	24	major	major	ADJ
fbem-29588	8	25	challenge	challenge	NOUN
fbem-29588	8	26	that	that	PRON
fbem-29588	8	27	restricts	restrict	VERB
fbem-29588	8	28	sustainable	sustainable	ADJ
fbem-29588	8	29	development	development	NOUN
fbem-29588	8	30	.	.	PUNCT
fbem-29588	9	1	ecological	ecological	ADJ
fbem-29588	9	2	and	and	CCONJ
fbem-29588	9	3	environmental	environmental	ADJ
fbem-29588	9	4	issues	issue	NOUN
fbem-29588	9	5	,	,	PUNCT
fbem-29588	9	6	such	such	ADJ
fbem-29588	9	7	as	as	ADP
fbem-29588	9	8	air	air	NOUN
fbem-29588	9	9	pollution	pollution	NOUN
fbem-29588	9	10	,	,	PUNCT
fbem-29588	9	11	water	water	NOUN
fbem-29588	9	12	pollution	pollution	NOUN
fbem-29588	9	13	,	,	PUNCT
fbem-29588	9	14	soil	soil	NOUN
fbem-29588	9	15	degradation	degradation	NOUN
fbem-29588	9	16	,	,	PUNCT
fbem-29588	9	17	and	and	CCONJ
fbem-29588	9	18	loss	loss	NOUN
fbem-29588	9	19	of	of	ADP
fbem-29588	9	20	biodiversity	biodiversity	NOUN
fbem-29588	9	21	,	,	PUNCT
fbem-29588	9	22	are	be	AUX
fbem-29588	9	23	increasingly	increasingly	ADV
fbem-29588	9	24	attracting	attract	VERB
fbem-29588	9	25	widespread	widespread	ADJ
fbem-29588	9	26	attention	attention	NOUN
fbem-29588	9	27	from	from	ADP
fbem-29588	9	28	all	all	DET
fbem-29588	9	29	sectors	sector	NOUN
fbem-29588	9	30	of	of	ADP
fbem-29588	9	31	society	society	NOUN
fbem-29588	9	32	.	.	PUNCT
fbem-29588	10	1	green	green	ADJ
fbem-29588	10	2	bonds	bond	NOUN
fbem-29588	10	3	are	be	AUX
fbem-29588	10	4	highly	highly	ADV
fbem-29588	10	5	expected	expect	VERB
fbem-29588	10	6	to	to	PART
fbem-29588	10	7	achieve	achieve	VERB
fbem-29588	10	8	seamless	seamless	ADJ
fbem-29588	10	9	integration	integration	NOUN
fbem-29588	10	10	of	of	ADP
fbem-29588	10	11	green	green	ADJ
fbem-29588	10	12	funds	fund	NOUN
fbem-29588	10	13	from	from	ADP
fbem-29588	10	14	fundraising	fundraise	VERB
fbem-29588	10	15	to	to	ADP
fbem-29588	10	16	efficient	efficient	ADJ
fbem-29588	10	17	investment	investment	NOUN
fbem-29588	10	18	in	in	ADP
fbem-29588	10	19	green	green	ADJ
fbem-29588	10	20	projects	project	NOUN
fbem-29588	10	21	through	through	ADP
fbem-29588	10	22	the	the	DET
fbem-29588	10	23	transmission	transmission	NOUN
fbem-29588	10	24	mechanism	mechanism	NOUN
fbem-29588	10	25	of	of	ADP
fbem-29588	10	26	financial	financial	ADJ
fbem-29588	10	27	markets	market	NOUN
fbem-29588	10	28	,	,	PUNCT
fbem-29588	10	29	thereby	thereby	ADV
fbem-29588	10	30	internalizing	internalize	VERB
fbem-29588	10	31	the	the	DET
fbem-29588	10	32	ecological	ecological	ADJ
fbem-29588	10	33	value	value	NOUN
fbem-29588	10	34	of	of	ADP
fbem-29588	10	35	environmental	environmental	ADJ
fbem-29588	10	36	protection	protection	NOUN
fbem-29588	10	37	into	into	ADP
fbem-29588	10	38	the	the	DET
fbem-29588	10	39	actual	actual	ADJ
fbem-29588	10	40	value	value	NOUN
fbem-29588	10	41	of	of	ADP
fbem-29588	10	42	enterprise	enterprise	NOUN
fbem-29588	10	43	growth	growth	NOUN
fbem-29588	10	44	.	.	PUNCT
fbem-29588	11	1	since	since	SCONJ
fbem-29588	11	2	its	its	PRON
fbem-29588	11	3	first	first	ADJ
fbem-29588	11	4	launch	launch	NOUN
fbem-29588	11	5	in	in	ADP
fbem-29588	11	6	2007	2007	NUM
fbem-29588	11	7	,	,	PUNCT
fbem-29588	11	8	green	green	ADJ
fbem-29588	11	9	bonds	bond	NOUN
fbem-29588	11	10	have	have	AUX
fbem-29588	11	11	undergone	undergo	VERB
fbem-29588	11	12	several	several	ADJ
fbem-29588	11	13	years	year	NOUN
fbem-29588	11	14	of	of	ADP
fbem-29588	11	15	development	development	NOUN
fbem-29588	11	16	and	and	CCONJ
fbem-29588	11	17	exploration	exploration	NOUN
fbem-29588	11	18	.	.	PUNCT
fbem-29588	12	1	however	however	ADV
fbem-29588	12	2	,	,	PUNCT
fbem-29588	12	3	it	it	PRON
fbem-29588	12	4	was	be	AUX
fbem-29588	12	5	not	not	PART
fbem-29588	12	6	until	until	ADP
fbem-29588	12	7	2013	2013	NUM
fbem-29588	12	8	that	that	SCONJ
fbem-29588	12	9	this	this	DET
fbem-29588	12	10	innovative	innovative	ADJ
fbem-29588	12	11	financial	financial	ADJ
fbem-29588	12	12	tool	tool	NOUN
fbem-29588	12	13	truly	truly	ADV
fbem-29588	12	14	gained	gain	VERB
fbem-29588	12	15	widespread	widespread	ADJ
fbem-29588	12	16	recognition	recognition	NOUN
fbem-29588	12	17	and	and	CCONJ
fbem-29588	12	18	adoption	adoption	NOUN
fbem-29588	12	19	worldwide	worldwide	ADV
fbem-29588	12	20	.	.	PUNCT
fbem-29588	13	1	prior	prior	ADV
fbem-29588	13	2	to	to	ADP
fbem-29588	13	3	this	this	PRON
fbem-29588	13	4	,	,	PUNCT
fbem-29588	13	5	the	the	DET
fbem-29588	13	6	concept	concept	NOUN
fbem-29588	13	7	of	of	ADP
fbem-29588	13	8	green	green	ADJ
fbem-29588	13	9	bonds	bond	NOUN
fbem-29588	13	10	was	be	AUX
fbem-29588	13	11	still	still	ADV
fbem-29588	13	12	in	in	ADP
fbem-29588	13	13	its	its	PRON
fbem-29588	13	14	infancy	infancy	NOUN
fbem-29588	13	15	,	,	PUNCT
fbem-29588	13	16	and	and	CCONJ
fbem-29588	13	17	market	market	NOUN
fbem-29588	13	18	participants	participant	NOUN
fbem-29588	13	19	'	'	PART
fbem-29588	13	20	understanding	understanding	NOUN
fbem-29588	13	21	of	of	ADP
fbem-29588	13	22	its	its	PRON
fbem-29588	13	23	feasibility	feasibility	NOUN
fbem-29588	13	24	and	and	CCONJ
fbem-29588	13	25	potential	potential	ADJ
fbem-29588	13	26	impact	impact	NOUN
fbem-29588	13	27	was	be	AUX
fbem-29588	13	28	still	still	ADV
fbem-29588	13	29	not	not	PART
fbem-29588	13	30	deep	deep	ADV
fbem-29588	13	31	enough	enough	ADV
fbem-29588	13	32	.	.	PUNCT
fbem-29588	14	1	there	there	PRON
fbem-29588	14	2	are	be	VERB
fbem-29588	14	3	significant	significant	ADJ
fbem-29588	14	4	differences	difference	NOUN
fbem-29588	14	5	in	in	ADP
fbem-29588	14	6	the	the	DET
fbem-29588	14	7	development	development	NOUN
fbem-29588	14	8	speed	speed	NOUN
fbem-29588	14	9	of	of	ADP
fbem-29588	14	10	green	green	ADJ
fbem-29588	14	11	bond	bond	NOUN
fbem-29588	14	12	markets	market	NOUN
fbem-29588	14	13	among	among	ADP
fbem-29588	14	14	countries	country	NOUN
fbem-29588	14	15	(	(	PUNCT
fbem-29588	14	16	l'epez	l'epez	X
fbem-29588	14	17	-	-	PUNCT
fbem-29588	14	18	cabarcos	cabarco	NOUN
fbem-29588	14	19	et	et	PROPN
fbem-29588	14	20	al	al	PROPN
fbem-29588	14	21	.	.	PROPN
fbem-29588	14	22	,	,	PUNCT
fbem-29588	14	23	2021	2021	NUM
fbem-29588	14	24	)	)	PUNCT
fbem-29588	14	25	,	,	PUNCT
fbem-29588	14	26	which	which	PRON
fbem-29588	14	27	reflect	reflect	VERB
fbem-29588	14	28	the	the	DET
fbem-29588	14	29	influence	influence	NOUN
fbem-29588	14	30	of	of	ADP
fbem-29588	14	31	multiple	multiple	ADJ
fbem-29588	14	32	factors	factor	NOUN
fbem-29588	14	33	.	.	PUNCT
fbem-29588	15	1	so	so	ADV
fbem-29588	15	2	,	,	PUNCT
fbem-29588	15	3	what	what	DET
fbem-29588	15	4	factors	factor	NOUN
fbem-29588	15	5	are	be	AUX
fbem-29588	15	6	driving	drive	VERB
fbem-29588	15	7	the	the	DET
fbem-29588	15	8	rapid	rapid	ADJ
fbem-29588	15	9	growth	growth	NOUN
fbem-29588	15	10	of	of	ADP
fbem-29588	15	11	the	the	DET
fbem-29588	15	12	green	green	ADJ
fbem-29588	15	13	bond	bond	NOUN
fbem-29588	15	14	market	market	NOUN
fbem-29588	15	15	?	?	PUNCT
fbem-29588	16	1	tolliver	tolliver	PROPN
fbem-29588	16	2	et	et	PROPN
fbem-29588	16	3	al	al	PROPN
fbem-29588	16	4	.	.	PROPN
fbem-29588	17	1	(	(	PUNCT
fbem-29588	17	2	2021	2021	NUM
fbem-29588	17	3	)	)	PUNCT
fbem-29588	17	4	conducted	conduct	VERB
fbem-29588	17	5	an	an	DET
fbem-29588	17	6	in	in	ADP
fbem-29588	17	7	-	-	PUNCT
fbem-29588	17	8	depth	depth	NOUN
fbem-29588	17	9	study	study	NOUN
fbem-29588	17	10	on	on	ADP
fbem-29588	17	11	the	the	DET
fbem-29588	17	12	green	green	ADJ
fbem-29588	17	13	bond	bond	NOUN
fbem-29588	17	14	markets	market	NOUN
fbem-29588	17	15	of	of	ADP
fbem-29588	17	16	49	49	NUM
fbem-29588	17	17	countries	country	NOUN
fbem-29588	17	18	between	between	ADP
fbem-29588	17	19	2007	2007	NUM
fbem-29588	17	20	and	and	CCONJ
fbem-29588	17	21	2017	2017	NUM
fbem-29588	17	22	,	,	PUNCT
fbem-29588	17	23	emphasizing	emphasize	VERB
fbem-29588	17	24	the	the	DET
fbem-29588	17	25	key	key	ADJ
fbem-29588	17	26	role	role	NOUN
fbem-29588	17	27	of	of	ADP
fbem-29588	17	28	policy	policy	NOUN
fbem-29588	17	29	makers	maker	NOUN
fbem-29588	17	30	in	in	ADP
fbem-29588	17	31	promoting	promote	VERB
fbem-29588	17	32	the	the	DET
fbem-29588	17	33	development	development	NOUN
fbem-29588	17	34	of	of	ADP
fbem-29588	17	35	green	green	ADJ
fbem-29588	17	36	bond	bond	NOUN
fbem-29588	17	37	markets	market	NOUN
fbem-29588	17	38	and	and	CCONJ
fbem-29588	17	39	pointing	point	VERB
fbem-29588	17	40	out	out	ADP
fbem-29588	17	41	the	the	DET
fbem-29588	17	42	interactive	interactive	ADJ
fbem-29588	17	43	relationship	relationship	NOUN
fbem-29588	17	44	between	between	ADP
fbem-29588	17	45	policies	policy	NOUN
fbem-29588	17	46	and	and	CCONJ
fbem-29588	17	47	the	the	DET
fbem-29588	17	48	economic	economic	ADJ
fbem-29588	17	49	environment	environment	NOUN
fbem-29588	17	50	.	.	PUNCT
fbem-29588	18	1	the	the	DET
fbem-29588	18	2	study	study	NOUN
fbem-29588	18	3	showed	show	VERB
fbem-29588	18	4	that	that	SCONJ
fbem-29588	18	5	the	the	DET
fbem-29588	18	6	independent	independent	ADJ
fbem-29588	18	7	contributions	contribution	NOUN
fbem-29588	18	8	made	make	VERB
fbem-29588	18	9	by	by	ADP
fbem-29588	18	10	countries	country	NOUN
fbem-29588	18	11	under	under	ADP
fbem-29588	18	12	the	the	DET
fbem-29588	18	13	framework	framework	NOUN
fbem-29588	18	14	of	of	ADP
fbem-29588	18	15	the	the	DET
fbem-29588	18	16	paris	paris	PROPN
fbem-29588	18	17	agreement	agreement	NOUN
fbem-29588	18	18	are	be	AUX
fbem-29588	18	19	one	one	NUM
fbem-29588	18	20	of	of	ADP
fbem-29588	18	21	the	the	DET
fbem-29588	18	22	core	core	NOUN
fbem-29588	18	23	driving	drive	VERB
fbem-29588	18	24	forces	force	NOUN
fbem-29588	18	25	for	for	ADP
fbem-29588	18	26	the	the	DET
fbem-29588	18	27	development	development	NOUN
fbem-29588	18	28	of	of	ADP
fbem-29588	18	29	green	green	ADJ
fbem-29588	18	30	bond	bond	NOUN
fbem-29588	18	31	markets	market	NOUN
fbem-29588	18	32	.	.	PUNCT
fbem-29588	19	1	secondly	secondly	ADV
fbem-29588	19	2	,	,	PUNCT
fbem-29588	19	3	macroeconomic	macroeconomic	ADJ
fbem-29588	19	4	environment	environment	NOUN
fbem-29588	19	5	and	and	CCONJ
fbem-29588	19	6	institutional	institutional	ADJ
fbem-29588	19	7	factors	factor	NOUN
fbem-29588	19	8	also	also	ADV
fbem-29588	19	9	play	play	VERB
fbem-29588	19	10	an	an	DET
fbem-29588	19	11	undeniable	undeniable	ADJ
fbem-29588	19	12	role	role	NOUN
fbem-29588	19	13	.	.	PUNCT
fbem-29588	20	1	the	the	DET
fbem-29588	20	2	stability	stability	NOUN
fbem-29588	20	3	of	of	ADP
fbem-29588	20	4	economic	economic	ADJ
fbem-29588	20	5	growth	growth	NOUN
fbem-29588	20	6	,	,	PUNCT
fbem-29588	20	7	the	the	DET
fbem-29588	20	8	level	level	NOUN
fbem-29588	20	9	of	of	ADP
fbem-29588	20	10	development	development	NOUN
fbem-29588	20	11	of	of	ADP
fbem-29588	20	12	financial	financial	ADJ
fbem-29588	20	13	markets	market	NOUN
fbem-29588	20	14	,	,	PUNCT
fbem-29588	20	15	and	and	CCONJ
fbem-29588	20	16	government	government	NOUN
fbem-29588	20	17	regulatory	regulatory	ADJ
fbem-29588	20	18	policies	policy	NOUN
fbem-29588	20	19	will	will	AUX
fbem-29588	20	20	directly	directly	ADV
fbem-29588	20	21	affect	affect	VERB
fbem-29588	20	22	the	the	DET
fbem-29588	20	23	issuance	issuance	NOUN
fbem-29588	20	24	and	and	CCONJ
fbem-29588	20	25	investment	investment	NOUN
fbem-29588	20	26	of	of	ADP
fbem-29588	20	27	green	green	ADJ
fbem-29588	20	28	bonds	bond	NOUN
fbem-29588	20	29	.	.	PUNCT
fbem-29588	21	1	torvanger	torvanger	NOUN
fbem-29588	21	2	et	et	PROPN
fbem-29588	21	3	al	al	PROPN
fbem-29588	21	4	.	.	PROPN
fbem-29588	21	5	(	(	PUNCT
fbem-29588	21	6	2021	2021	NUM
fbem-29588	21	7	)	)	PUNCT
fbem-29588	21	8	compared	compare	VERB
fbem-29588	21	9	the	the	DET
fbem-29588	21	10	absorption	absorption	NOUN
fbem-29588	21	11	of	of	ADP
fbem-29588	21	12	green	green	ADJ
fbem-29588	21	13	bonds	bond	NOUN
fbem-29588	21	14	in	in	ADP
fbem-29588	21	15	norway	norway	PROPN
fbem-29588	21	16	and	and	CCONJ
fbem-29588	21	17	sweden	sweden	PROPN
fbem-29588	21	18	from	from	ADP
fbem-29588	21	19	2013	2013	NUM
fbem-29588	21	20	to	to	ADP
fbem-29588	21	21	2019	2019	NUM
fbem-29588	21	22	and	and	CCONJ
fbem-29588	21	23	found	find	VERB
fbem-29588	21	24	that	that	SCONJ
fbem-29588	21	25	sweden	sweden	PROPN
fbem-29588	21	26	's	's	PART
fbem-29588	21	27	rapid	rapid	ADJ
fbem-29588	21	28	growth	growth	NOUN
fbem-29588	21	29	in	in	ADP
fbem-29588	21	30	this	this	DET
fbem-29588	21	31	field	field	NOUN
fbem-29588	21	32	is	be	AUX
fbem-29588	21	33	mainly	mainly	ADV
fbem-29588	21	34	attributed	attribute	VERB
fbem-29588	21	35	to	to	ADP
fbem-29588	21	36	its	its	PRON
fbem-29588	21	37	unique	unique	ADJ
fbem-29588	21	38	business	business	NOUN
fbem-29588	21	39	culture	culture	NOUN
fbem-29588	21	40	,	,	PUNCT
fbem-29588	21	41	the	the	DET
fbem-29588	21	42	emphasis	emphasis	NOUN
fbem-29588	21	43	on	on	ADP
fbem-29588	21	44	sustainable	sustainable	ADJ
fbem-29588	21	45	development	development	NOUN
fbem-29588	21	46	by	by	ADP
fbem-29588	21	47	financial	financial	ADJ
fbem-29588	21	48	institutions	institution	NOUN
fbem-29588	21	49	,	,	PUNCT
fbem-29588	21	50	and	and	CCONJ
fbem-29588	21	51	the	the	DET
fbem-29588	21	52	diversification	diversification	NOUN
fbem-29588	21	53	of	of	ADP
fbem-29588	21	54	the	the	DET
fbem-29588	21	55	corporate	corporate	ADJ
fbem-29588	21	56	sector	sector	NOUN
fbem-29588	21	57	.	.	PUNCT
fbem-29588	22	1	the	the	DET
fbem-29588	22	2	business	business	NOUN
fbem-29588	22	3	environment	environment	NOUN
fbem-29588	22	4	in	in	ADP
fbem-29588	22	5	sweden	sweden	PROPN
fbem-29588	22	6	encourages	encourage	VERB
fbem-29588	22	7	companies	company	NOUN
fbem-29588	22	8	to	to	PART
fbem-29588	22	9	consider	consider	VERB
fbem-29588	22	10	environmental	environmental	ADJ
fbem-29588	22	11	factors	factor	NOUN
fbem-29588	22	12	in	in	ADP
fbem-29588	22	13	their	their	PRON
fbem-29588	22	14	investment	investment	NOUN
fbem-29588	22	15	decisions	decision	NOUN
fbem-29588	22	16	,	,	PUNCT
fbem-29588	22	17	leading	lead	VERB
fbem-29588	22	18	to	to	ADP
fbem-29588	22	19	a	a	DET
fbem-29588	22	20	thriving	thriving	ADJ
fbem-29588	22	21	green	green	ADJ
fbem-29588	22	22	bond	bond	NOUN
fbem-29588	22	23	market	market	NOUN
fbem-29588	22	24	.	.	PUNCT
fbem-29588	23	1	in	in	ADP
fbem-29588	23	2	contrast	contrast	NOUN
fbem-29588	23	3	,	,	PUNCT
fbem-29588	23	4	norway	norway	PROPN
fbem-29588	23	5	faces	face	VERB
fbem-29588	23	6	more	more	ADJ
fbem-29588	23	7	complex	complex	ADJ
fbem-29588	23	8	challenges	challenge	NOUN
fbem-29588	23	9	.	.	PUNCT
fbem-29588	24	1	despite	despite	SCONJ
fbem-29588	24	2	norway	norway	PROPN
fbem-29588	24	3	's	's	PART
fbem-29588	24	4	advantage	advantage	NOUN
fbem-29588	24	5	in	in	ADP
fbem-29588	24	6	the	the	DET
fbem-29588	24	7	energy	energy	NOUN
fbem-29588	24	8	sector	sector	NOUN
fbem-29588	24	9	,	,	PUNCT
fbem-29588	24	10	competition	competition	NOUN
fbem-29588	24	11	for	for	ADP
fbem-29588	24	12	high	high	ADJ
fbem-29588	24	13	-	-	PUNCT
fbem-29588	24	14	yield	yield	NOUN
fbem-29588	24	15	investment	investment	NOUN
fbem-29588	24	16	projects	project	NOUN
fbem-29588	24	17	such	such	ADJ
fbem-29588	24	18	as	as	ADP
fbem-29588	24	19	oil	oil	NOUN
fbem-29588	24	20	and	and	CCONJ
fbem-29588	24	21	gas	gas	NOUN
fbem-29588	24	22	has	have	AUX
fbem-29588	24	23	led	lead	VERB
fbem-29588	24	24	investors	investor	NOUN
fbem-29588	24	25	to	to	PART
fbem-29588	24	26	be	be	AUX
fbem-29588	24	27	more	more	ADV
fbem-29588	24	28	inclined	inclined	ADJ
fbem-29588	24	29	towards	towards	ADP
fbem-29588	24	30	these	these	DET
fbem-29588	24	31	traditional	traditional	ADJ
fbem-29588	24	32	energy	energy	NOUN
fbem-29588	24	33	sources	source	NOUN
fbem-29588	24	34	,	,	PUNCT
fbem-29588	24	35	thereby	thereby	ADV
fbem-29588	24	36	suppressing	suppress	VERB
fbem-29588	24	37	the	the	DET
fbem-29588	24	38	development	development	NOUN
fbem-29588	24	39	of	of	ADP
fbem-29588	24	40	the	the	DET
fbem-29588	24	41	green	green	ADJ
fbem-29588	24	42	bond	bond	NOUN
fbem-29588	24	43	market	market	NOUN
fbem-29588	24	44	[	[	X
fbem-29588	24	45	1	1	NUM
fbem-29588	24	46	]	]	PUNCT
fbem-29588	24	47	.	.	PUNCT
fbem-29588	25	1	nanayakkara	nanayakkara	PROPN
fbem-29588	25	2	et	et	PROPN
fbem-29588	25	3	al	al	PROPN
fbem-29588	25	4	.	.	PROPN
fbem-29588	26	1	(	(	PUNCT
fbem-29588	26	2	2021	2021	NUM
fbem-29588	26	3	)	)	PUNCT
fbem-29588	26	4	studied	study	VERB
fbem-29588	26	5	the	the	DET
fbem-29588	26	6	demand	demand	NOUN
fbem-29588	26	7	for	for	ADP
fbem-29588	26	8	green	green	ADJ
fbem-29588	26	9	bonds	bond	NOUN
fbem-29588	26	10	among	among	ADP
fbem-29588	26	11	investors	investor	NOUN
fbem-29588	26	12	in	in	ADP
fbem-29588	26	13	g20	g20	NOUN
fbem-29588	26	14	countries	country	NOUN
fbem-29588	26	15	and	and	CCONJ
fbem-29588	26	16	found	find	VERB
fbem-29588	26	17	that	that	SCONJ
fbem-29588	26	18	strict	strict	ADJ
fbem-29588	26	19	adherence	adherence	NOUN
fbem-29588	26	20	to	to	ADP
fbem-29588	26	21	the	the	DET
fbem-29588	26	22	green	green	ADJ
fbem-29588	26	23	bond	bond	NOUN
fbem-29588	26	24	principles	principle	NOUN
fbem-29588	26	25	(	(	PUNCT
fbem-29588	26	26	gbp	gbp	NOUN
fbem-29588	26	27	)	)	PUNCT
fbem-29588	26	28	can	can	AUX
fbem-29588	26	29	significantly	significantly	ADV
fbem-29588	26	30	increase	increase	VERB
fbem-29588	26	31	investor	investor	NOUN
fbem-29588	26	32	demand	demand	NOUN
fbem-29588	27	1	[	[	X
fbem-29588	27	2	2	2	NUM
fbem-29588	27	3	]	]	PUNCT
fbem-29588	27	4	.	.	PUNCT
fbem-29588	28	1	agliardi	agliardi	INTJ
fbem-29588	28	2	et	et	PROPN
fbem-29588	28	3	al	al	PROPN
fbem-29588	28	4	.	.	PROPN
fbem-29588	29	1	(	(	PUNCT
fbem-29588	29	2	2019	2019	NUM
fbem-29588	29	3	)	)	PUNCT
fbem-29588	29	4	showed	show	VERB
fbem-29588	29	5	that	that	SCONJ
fbem-29588	29	6	the	the	DET
fbem-29588	29	7	tax	tax	NOUN
fbem-29588	29	8	incentives	incentive	NOUN
fbem-29588	29	9	implemented	implement	VERB
fbem-29588	29	10	by	by	ADP
fbem-29588	29	11	the	the	DET
fbem-29588	29	12	government	government	NOUN
fbem-29588	29	13	and	and	CCONJ
fbem-29588	29	14	the	the	DET
fbem-29588	29	15	increased	increase	VERB
fbem-29588	29	16	awareness	awareness	NOUN
fbem-29588	29	17	of	of	ADP
fbem-29588	29	18	green	green	ADJ
fbem-29588	29	19	investment	investment	NOUN
fbem-29588	29	20	among	among	ADP
fbem-29588	29	21	investors	investor	NOUN
fbem-29588	29	22	have	have	AUX
fbem-29588	29	23	played	play	VERB
fbem-29588	29	24	a	a	DET
fbem-29588	29	25	crucial	crucial	ADJ
fbem-29588	29	26	role	role	NOUN
fbem-29588	29	27	in	in	ADP
fbem-29588	29	28	the	the	DET
fbem-29588	29	29	expansion	expansion	NOUN
fbem-29588	29	30	of	of	ADP
fbem-29588	29	31	the	the	DET
fbem-29588	29	32	green	green	ADJ
fbem-29588	29	33	bond	bond	NOUN
fbem-29588	29	34	market	market	NOUN
fbem-29588	29	35	.	.	PUNCT
fbem-29588	30	1	they	they	PRON
fbem-29588	30	2	not	not	PART
fbem-29588	30	3	only	only	ADV
fbem-29588	30	4	promote	promote	VERB
fbem-29588	30	5	the	the	DET
fbem-29588	30	6	green	green	ADJ
fbem-29588	30	7	financing	financing	NOUN
fbem-29588	30	8	capabilities	capability	NOUN
fbem-29588	30	9	of	of	ADP
fbem-29588	30	10	enterprises	enterprise	NOUN
fbem-29588	30	11	,	,	PUNCT
fbem-29588	30	12	but	but	CCONJ
fbem-29588	30	13	also	also	ADV
fbem-29588	30	14	enhance	enhance	VERB
fbem-29588	30	15	the	the	DET
fbem-29588	30	16	overall	overall	ADJ
fbem-29588	30	17	attention	attention	NOUN
fbem-29588	30	18	of	of	ADP
fbem-29588	30	19	the	the	DET
fbem-29588	30	20	market	market	NOUN
fbem-29588	30	21	to	to	ADP
fbem-29588	30	22	sustainable	sustainable	ADJ
fbem-29588	30	23	development	development	NOUN
fbem-29588	30	24	,	,	PUNCT
fbem-29588	30	25	thereby	thereby	ADV
fbem-29588	30	26	promoting	promote	VERB
fbem-29588	30	27	more	more	ADJ
fbem-29588	30	28	investors	investor	NOUN
fbem-29588	30	29	to	to	PART
fbem-29588	30	30	participate	participate	VERB
fbem-29588	30	31	in	in	ADP
fbem-29588	30	32	this	this	DET
fbem-29588	30	33	emerging	emerge	VERB
fbem-29588	30	34	field	field	NOUN
fbem-29588	30	35	[	[	X
fbem-29588	30	36	3	3	NUM
fbem-29588	30	37	]	]	PUNCT
fbem-29588	30	38	.	.	PUNCT
fbem-29588	31	1	broadstock	broadstock	NOUN
fbem-29588	31	2	(	(	PUNCT
fbem-29588	31	3	2019	2019	NUM
fbem-29588	31	4	)	)	PUNCT
fbem-29588	31	5	pointed	point	VERB
fbem-29588	31	6	out	out	ADP
fbem-29588	31	7	that	that	SCONJ
fbem-29588	31	8	the	the	DET
fbem-29588	31	9	volatility	volatility	NOUN
fbem-29588	31	10	of	of	ADP
fbem-29588	31	11	the	the	DET
fbem-29588	31	12	capital	capital	NOUN
fbem-29588	31	13	market	market	NOUN
fbem-29588	31	14	,	,	PUNCT
fbem-29588	31	15	uncertainty	uncertainty	NOUN
fbem-29588	31	16	in	in	ADP
fbem-29588	31	17	economic	economic	ADJ
fbem-29588	31	18	policies	policy	NOUN
fbem-29588	31	19	,	,	PUNCT
fbem-29588	31	20	and	and	CCONJ
fbem-29588	31	21	energy	energy	NOUN
fbem-29588	31	22	prices	price	NOUN
fbem-29588	31	23	are	be	AUX
fbem-29588	31	24	the	the	DET
fbem-29588	31	25	main	main	ADJ
fbem-29588	31	26	influencing	influence	VERB
fbem-29588	31	27	factors	factor	NOUN
fbem-29588	31	28	for	for	ADP
fbem-29588	31	29	the	the	DET
fbem-29588	31	30	development	development	NOUN
fbem-29588	31	31	of	of	ADP
fbem-29588	31	32	the	the	DET
fbem-29588	31	33	green	green	ADJ
fbem-29588	31	34	bond	bond	NOUN
fbem-29588	31	35	market	market	NOUN
fbem-29588	31	36	.	.	PUNCT
fbem-29588	32	1	banga	banga	PROPN
fbem-29588	32	2	(	(	PUNCT
fbem-29588	32	3	2019	2019	NUM
fbem-29588	32	4	)	)	PUNCT
fbem-29588	32	5	studied	study	VERB
fbem-29588	32	6	the	the	DET
fbem-29588	32	7	green	green	ADJ
fbem-29588	32	8	bond	bond	NOUN
fbem-29588	32	9	market	market	NOUN
fbem-29588	32	10	in	in	ADP
fbem-29588	32	11	developing	develop	VERB
fbem-29588	32	12	countries	country	NOUN
fbem-29588	32	13	and	and	CCONJ
fbem-29588	32	14	concluded	conclude	VERB
fbem-29588	32	15	that	that	SCONJ
fbem-29588	32	16	investors	investor	NOUN
fbem-29588	32	17	'	'	PART
fbem-29588	32	18	attention	attention	NOUN
fbem-29588	32	19	to	to	ADP
fbem-29588	32	20	climate	climate	NOUN
fbem-29588	32	21	change	change	NOUN
fbem-29588	32	22	and	and	CCONJ
fbem-29588	32	23	monetary	monetary	ADJ
fbem-29588	32	24	policy	policy	NOUN
fbem-29588	32	25	are	be	AUX
fbem-29588	32	26	the	the	DET
fbem-29588	32	27	main	main	ADJ
fbem-29588	32	28	factors	factor	NOUN
fbem-29588	32	29	driving	drive	VERB
fbem-29588	32	30	the	the	DET
fbem-29588	32	31	development	development	NOUN
fbem-29588	32	32	of	of	ADP
fbem-29588	32	33	the	the	DET
fbem-29588	32	34	green	green	ADJ
fbem-29588	32	35	bond	bond	NOUN
fbem-29588	32	36	market	market	NOUN
fbem-29588	32	37	.	.	PUNCT
fbem-29588	33	1	at	at	ADP
fbem-29588	33	2	the	the	DET
fbem-29588	33	3	same	same	ADJ
fbem-29588	33	4	time	time	NOUN
fbem-29588	33	5	,	,	PUNCT
fbem-29588	33	6	the	the	DET
fbem-29588	33	7	obstacles	obstacle	NOUN
fbem-29588	33	8	at	at	ADP
fbem-29588	33	9	the	the	DET
fbem-29588	33	10	institutional	institutional	ADJ
fbem-29588	33	11	level	level	NOUN
fbem-29588	33	12	mainly	mainly	ADV
fbem-29588	33	13	stem	stem	VERB
fbem-29588	33	14	from	from	ADP
fbem-29588	33	15	the	the	DET
fbem-29588	33	16	recognition	recognition	NOUN
fbem-29588	33	17	and	and	CCONJ
fbem-29588	33	18	review	review	VERB
fbem-29588	33	19	techniques	technique	NOUN
fbem-29588	33	20	of	of	ADP
fbem-29588	33	21	green	green	ADJ
fbem-29588	33	22	bonds	bond	NOUN
fbem-29588	33	23	,	,	PUNCT
fbem-29588	33	24	as	as	ADV
fbem-29588	33	25	well	well	ADV
fbem-29588	33	26	as	as	ADP
fbem-29588	33	27	the	the	DET
fbem-29588	33	28	unreasonable	unreasonable	ADJ
fbem-29588	33	29	design	design	NOUN
fbem-29588	33	30	of	of	ADP
fbem-29588	33	31	the	the	DET
fbem-29588	33	32	system	system	NOUN
fbem-29588	33	33	.	.	PUNCT
fbem-29588	34	1	at	at	ADP
fbem-29588	34	2	the	the	DET
fbem-29588	34	3	market	market	NOUN
fbem-29588	34	4	level	level	NOUN
fbem-29588	34	5	,	,	PUNCT
fbem-29588	34	6	the	the	DET
fbem-29588	34	7	small	small	ADJ
fbem-29588	34	8	issuance	issuance	NOUN
fbem-29588	34	9	scale	scale	NOUN
fbem-29588	34	10	and	and	CCONJ
fbem-29588	34	11	high	high	ADJ
fbem-29588	34	12	transaction	transaction	NOUN
fbem-29588	34	13	costs	cost	NOUN
fbem-29588	34	14	of	of	ADP
fbem-29588	34	15	green	green	ADJ
fbem-29588	34	16	bonds	bond	NOUN
fbem-29588	34	17	are	be	AUX
fbem-29588	34	18	key	key	ADJ
fbem-29588	34	19	obstacles	obstacle	NOUN
fbem-29588	34	20	that	that	PRON
fbem-29588	34	21	constrain	constrain	VERB
fbem-29588	34	22	market	market	NOUN
fbem-29588	34	23	development	development	NOUN
fbem-29588	34	24	.	.	PUNCT
fbem-29588	35	1	tu	tu	PROPN
fbem-29588	35	2	et	et	PROPN
fbem-29588	35	3	al	al	PROPN
fbem-29588	35	4	.	.	PROPN
fbem-29588	35	5	(	(	PUNCT
fbem-29588	35	6	2020	2020	NUM
fbem-29588	35	7	)	)	PUNCT
fbem-29588	35	8	studied	study	VERB
fbem-29588	35	9	the	the	DET
fbem-29588	35	10	influencing	influence	VERB
fbem-29588	35	11	factors	factor	NOUN
fbem-29588	35	12	64	64	NUM
fbem-29588	35	13	of	of	ADP
fbem-29588	35	14	vietnam	vietnam	PROPN
fbem-29588	35	15	's	's	PART
fbem-29588	35	16	green	green	ADJ
fbem-29588	35	17	bond	bond	NOUN
fbem-29588	35	18	market	market	NOUN
fbem-29588	35	19	through	through	ADP
fbem-29588	35	20	the	the	DET
fbem-29588	35	21	analytic	analytic	ADJ
fbem-29588	35	22	hierarchy	hierarchy	NOUN
fbem-29588	35	23	process	process	NOUN
fbem-29588	35	24	and	and	CCONJ
fbem-29588	35	25	found	find	VERB
fbem-29588	35	26	that	that	SCONJ
fbem-29588	35	27	the	the	DET
fbem-29588	35	28	effectiveness	effectiveness	NOUN
fbem-29588	35	29	of	of	ADP
fbem-29588	35	30	the	the	DET
fbem-29588	35	31	legal	legal	ADJ
fbem-29588	35	32	system	system	NOUN
fbem-29588	35	33	supporting	support	VERB
fbem-29588	35	34	green	green	ADJ
fbem-29588	35	35	bonds	bond	NOUN
fbem-29588	35	36	,	,	PUNCT
fbem-29588	35	37	the	the	DET
fbem-29588	35	38	monetary	monetary	ADJ
fbem-29588	35	39	policy	policy	NOUN
fbem-29588	35	40	of	of	ADP
fbem-29588	35	41	the	the	DET
fbem-29588	35	42	central	central	ADJ
fbem-29588	35	43	bank	bank	NOUN
fbem-29588	35	44	,	,	PUNCT
fbem-29588	35	45	and	and	CCONJ
fbem-29588	35	46	interest	interest	NOUN
fbem-29588	35	47	rates	rate	NOUN
fbem-29588	35	48	are	be	AUX
fbem-29588	35	49	the	the	DET
fbem-29588	35	50	main	main	ADJ
fbem-29588	35	51	factors	factor	NOUN
fbem-29588	35	52	driving	drive	VERB
fbem-29588	35	53	market	market	NOUN
fbem-29588	35	54	development	development	NOUN
fbem-29588	35	55	.	.	PUNCT
fbem-29588	36	1	2	2	X
fbem-29588	36	2	.	.	X
fbem-29588	36	3	research	research	NOUN
fbem-29588	36	4	hypothesis	hypothesis	NOUN
fbem-29588	36	5	2.1	2.1	NUM
fbem-29588	36	6	.	.	PUNCT
fbem-29588	37	1	green	green	ADJ
fbem-29588	37	2	bond	bond	NOUN
fbem-29588	37	3	issuance	issuance	NOUN
fbem-29588	37	4	and	and	CCONJ
fbem-29588	37	5	enterprise	enterprise	NOUN
fbem-29588	37	6	value	value	NOUN
fbem-29588	37	7	analysis	analysis	NOUN
fbem-29588	37	8	according	accord	VERB
fbem-29588	37	9	to	to	ADP
fbem-29588	37	10	the	the	DET
fbem-29588	37	11	theory	theory	NOUN
fbem-29588	37	12	of	of	ADP
fbem-29588	37	13	priority	priority	NOUN
fbem-29588	37	14	financing	financing	NOUN
fbem-29588	37	15	,	,	PUNCT
fbem-29588	37	16	issuing	issue	VERB
fbem-29588	37	17	green	green	ADJ
fbem-29588	37	18	bonds	bond	NOUN
fbem-29588	37	19	as	as	ADP
fbem-29588	37	20	a	a	DET
fbem-29588	37	21	debt	debt	NOUN
fbem-29588	37	22	financing	financing	NOUN
fbem-29588	37	23	method	method	NOUN
fbem-29588	37	24	has	have	VERB
fbem-29588	37	25	the	the	DET
fbem-29588	37	26	following	following	ADJ
fbem-29588	37	27	advantages	advantage	NOUN
fbem-29588	37	28	that	that	PRON
fbem-29588	37	29	can	can	AUX
fbem-29588	37	30	enhance	enhance	VERB
fbem-29588	37	31	corporate	corporate	ADJ
fbem-29588	37	32	value	value	NOUN
fbem-29588	37	33	:	:	PUNCT
fbem-29588	37	34	firstly	firstly	ADV
fbem-29588	37	35	,	,	PUNCT
fbem-29588	37	36	green	green	ADJ
fbem-29588	37	37	bonds	bond	NOUN
fbem-29588	37	38	often	often	ADV
fbem-29588	37	39	enjoy	enjoy	VERB
fbem-29588	37	40	lower	low	ADJ
fbem-29588	37	41	issuance	issuance	NOUN
fbem-29588	37	42	costs	cost	NOUN
fbem-29588	37	43	and	and	CCONJ
fbem-29588	37	44	interest	interest	NOUN
fbem-29588	37	45	rates	rate	NOUN
fbem-29588	37	46	,	,	PUNCT
fbem-29588	37	47	allowing	allow	VERB
fbem-29588	37	48	companies	company	NOUN
fbem-29588	37	49	to	to	PART
fbem-29588	37	50	obtain	obtain	VERB
fbem-29588	37	51	financing	financing	NOUN
fbem-29588	37	52	at	at	ADP
fbem-29588	37	53	lower	low	ADJ
fbem-29588	37	54	costs	cost	NOUN
fbem-29588	37	55	,	,	PUNCT
fbem-29588	37	56	which	which	PRON
fbem-29588	37	57	directly	directly	ADV
fbem-29588	37	58	increases	increase	VERB
fbem-29588	37	59	the	the	DET
fbem-29588	37	60	company	company	NOUN
fbem-29588	37	61	's	's	PART
fbem-29588	37	62	profit	profit	NOUN
fbem-29588	37	63	margin	margin	NOUN
fbem-29588	37	64	and	and	CCONJ
fbem-29588	37	65	thus	thus	ADV
fbem-29588	37	66	enhances	enhance	VERB
fbem-29588	37	67	its	its	PRON
fbem-29588	37	68	financial	financial	ADJ
fbem-29588	37	69	value	value	NOUN
fbem-29588	37	70	.	.	PUNCT
fbem-29588	38	1	secondly	secondly	ADV
fbem-29588	38	2	,	,	PUNCT
fbem-29588	38	3	as	as	ADP
fbem-29588	38	4	a	a	DET
fbem-29588	38	5	debt	debt	NOUN
fbem-29588	38	6	tool	tool	NOUN
fbem-29588	38	7	,	,	PUNCT
fbem-29588	38	8	green	green	ADJ
fbem-29588	38	9	bonds	bond	NOUN
fbem-29588	38	10	do	do	AUX
fbem-29588	38	11	not	not	PART
fbem-29588	38	12	dilute	dilute	VERB
fbem-29588	38	13	shareholder	shareholder	NOUN
fbem-29588	38	14	equity	equity	NOUN
fbem-29588	38	15	like	like	ADP
fbem-29588	38	16	equity	equity	NOUN
fbem-29588	38	17	financing	financing	NOUN
fbem-29588	38	18	,	,	PUNCT
fbem-29588	38	19	and	and	CCONJ
fbem-29588	38	20	can	can	AUX
fbem-29588	38	21	optimize	optimize	VERB
fbem-29588	38	22	a	a	DET
fbem-29588	38	23	company	company	NOUN
fbem-29588	38	24	's	's	PART
fbem-29588	38	25	capital	capital	NOUN
fbem-29588	38	26	structure	structure	NOUN
fbem-29588	38	27	by	by	ADP
fbem-29588	38	28	maintaining	maintain	VERB
fbem-29588	38	29	a	a	DET
fbem-29588	38	30	lower	low	ADJ
fbem-29588	38	31	weighted	weight	VERB
fbem-29588	38	32	average	average	ADJ
fbem-29588	38	33	cost	cost	NOUN
fbem-29588	38	34	of	of	ADP
fbem-29588	38	35	capital	capital	NOUN
fbem-29588	38	36	(	(	PUNCT
fbem-29588	38	37	wacc	wacc	PROPN
fbem-29588	38	38	)	)	PUNCT
fbem-29588	38	39	,	,	PUNCT
fbem-29588	38	40	thereby	thereby	ADV
fbem-29588	38	41	increasing	increase	VERB
fbem-29588	38	42	the	the	DET
fbem-29588	38	43	company	company	NOUN
fbem-29588	38	44	's	's	PART
fbem-29588	38	45	market	market	NOUN
fbem-29588	38	46	value	value	NOUN
fbem-29588	38	47	.	.	PUNCT
fbem-29588	39	1	according	accord	VERB
fbem-29588	39	2	to	to	ADP
fbem-29588	39	3	signal	signal	VERB
fbem-29588	39	4	transmission	transmission	NOUN
fbem-29588	39	5	theory	theory	NOUN
fbem-29588	39	6	,	,	PUNCT
fbem-29588	39	7	on	on	ADP
fbem-29588	39	8	the	the	DET
fbem-29588	39	9	one	one	NUM
fbem-29588	39	10	hand	hand	NOUN
fbem-29588	39	11	,	,	PUNCT
fbem-29588	39	12	companies	company	NOUN
fbem-29588	39	13	issuing	issue	VERB
fbem-29588	39	14	green	green	ADJ
fbem-29588	39	15	bonds	bond	NOUN
fbem-29588	39	16	send	send	VERB
fbem-29588	39	17	signals	signal	NOUN
fbem-29588	39	18	to	to	ADP
fbem-29588	39	19	the	the	DET
fbem-29588	39	20	market	market	NOUN
fbem-29588	39	21	that	that	SCONJ
fbem-29588	39	22	they	they	PRON
fbem-29588	39	23	are	be	AUX
fbem-29588	39	24	committed	commit	VERB
fbem-29588	39	25	to	to	ADP
fbem-29588	39	26	environmental	environmental	ADJ
fbem-29588	39	27	protection	protection	NOUN
fbem-29588	39	28	,	,	PUNCT
fbem-29588	39	29	social	social	ADJ
fbem-29588	39	30	responsibility	responsibility	NOUN
fbem-29588	39	31	,	,	PUNCT
fbem-29588	39	32	and	and	CCONJ
fbem-29588	39	33	sustainable	sustainable	ADJ
fbem-29588	39	34	development	development	NOUN
fbem-29588	39	35	[	[	X
fbem-29588	39	36	4	4	NUM
fbem-29588	39	37	]	]	PUNCT
fbem-29588	39	38	.	.	PUNCT
fbem-29588	40	1	on	on	ADP
fbem-29588	40	2	the	the	DET
fbem-29588	40	3	other	other	ADJ
fbem-29588	40	4	hand	hand	NOUN
fbem-29588	40	5	,	,	PUNCT
fbem-29588	40	6	issuing	issue	VERB
fbem-29588	40	7	green	green	ADJ
fbem-29588	40	8	bonds	bond	NOUN
fbem-29588	40	9	can	can	AUX
fbem-29588	40	10	help	help	VERB
fbem-29588	40	11	attract	attract	VERB
fbem-29588	40	12	esg	esg	PROPN
fbem-29588	40	13	(	(	PUNCT
fbem-29588	40	14	environmental	environmental	ADJ
fbem-29588	40	15	,	,	PUNCT
fbem-29588	40	16	social	social	ADJ
fbem-29588	40	17	,	,	PUNCT
fbem-29588	40	18	and	and	CCONJ
fbem-29588	40	19	governance	governance	NOUN
fbem-29588	40	20	)	)	PUNCT
fbem-29588	40	21	oriented	orient	VERB
fbem-29588	40	22	investors	investor	NOUN
fbem-29588	40	23	who	who	PRON
fbem-29588	40	24	typically	typically	ADV
fbem-29588	40	25	have	have	VERB
fbem-29588	40	26	longerterm	longerterm	NOUN
fbem-29588	40	27	investment	investment	NOUN
fbem-29588	40	28	preferences	preference	NOUN
fbem-29588	40	29	and	and	CCONJ
fbem-29588	40	30	higher	high	ADJ
fbem-29588	40	31	expectations	expectation	NOUN
fbem-29588	40	32	for	for	ADP
fbem-29588	40	33	a	a	DET
fbem-29588	40	34	company	company	NOUN
fbem-29588	40	35	's	's	PART
fbem-29588	40	36	sustainable	sustainable	ADJ
fbem-29588	40	37	development	development	NOUN
fbem-29588	40	38	potential	potential	NOUN
fbem-29588	40	39	,	,	PUNCT
fbem-29588	40	40	thereby	thereby	ADV
fbem-29588	40	41	increasing	increase	VERB
fbem-29588	40	42	its	its	PRON
fbem-29588	40	43	stock	stock	NOUN
fbem-29588	40	44	price	price	NOUN
fbem-29588	40	45	and	and	CCONJ
fbem-29588	40	46	market	market	NOUN
fbem-29588	40	47	value	value	NOUN
fbem-29588	40	48	.	.	PUNCT
fbem-29588	41	1	according	accord	VERB
fbem-29588	41	2	to	to	ADP
fbem-29588	41	3	the	the	DET
fbem-29588	41	4	theory	theory	NOUN
fbem-29588	41	5	of	of	ADP
fbem-29588	41	6	externalities	externality	NOUN
fbem-29588	41	7	,	,	PUNCT
fbem-29588	41	8	on	on	ADP
fbem-29588	41	9	the	the	DET
fbem-29588	41	10	one	one	NUM
fbem-29588	41	11	hand	hand	NOUN
fbem-29588	41	12	,	,	PUNCT
fbem-29588	41	13	funds	fund	NOUN
fbem-29588	41	14	from	from	ADP
fbem-29588	41	15	issuing	issue	VERB
fbem-29588	41	16	green	green	ADJ
fbem-29588	41	17	bonds	bond	NOUN
fbem-29588	41	18	are	be	AUX
fbem-29588	41	19	often	often	ADV
fbem-29588	41	20	used	use	VERB
fbem-29588	41	21	for	for	ADP
fbem-29588	41	22	environmental	environmental	ADJ
fbem-29588	41	23	projects	project	NOUN
fbem-29588	41	24	,	,	PUNCT
fbem-29588	41	25	reducing	reduce	VERB
fbem-29588	41	26	pollution	pollution	NOUN
fbem-29588	41	27	emissions	emission	NOUN
fbem-29588	41	28	,	,	PUNCT
fbem-29588	41	29	improving	improve	VERB
fbem-29588	41	30	resource	resource	NOUN
fbem-29588	41	31	utilization	utilization	NOUN
fbem-29588	41	32	efficiency	efficiency	NOUN
fbem-29588	41	33	,	,	PUNCT
fbem-29588	41	34	etc	etc	X
fbem-29588	41	35	.	.	X
fbem-29588	42	1	this	this	PRON
fbem-29588	42	2	helps	help	VERB
fbem-29588	42	3	to	to	PART
fbem-29588	42	4	reduce	reduce	VERB
fbem-29588	42	5	the	the	DET
fbem-29588	42	6	negative	negative	ADJ
fbem-29588	42	7	impact	impact	NOUN
fbem-29588	42	8	of	of	ADP
fbem-29588	42	9	enterprises	enterprise	NOUN
fbem-29588	42	10	on	on	ADP
fbem-29588	42	11	the	the	DET
fbem-29588	42	12	environment	environment	NOUN
fbem-29588	42	13	,	,	PUNCT
fbem-29588	42	14	reduce	reduce	VERB
fbem-29588	42	15	regulatory	regulatory	ADJ
fbem-29588	42	16	and	and	CCONJ
fbem-29588	42	17	social	social	ADJ
fbem-29588	42	18	responsibility	responsibility	NOUN
fbem-29588	42	19	costs	cost	NOUN
fbem-29588	42	20	,	,	PUNCT
fbem-29588	42	21	and	and	CCONJ
fbem-29588	42	22	in	in	ADP
fbem-29588	42	23	the	the	DET
fbem-29588	42	24	long	long	ADJ
fbem-29588	42	25	run	run	NOUN
fbem-29588	42	26	,	,	PUNCT
fbem-29588	42	27	is	be	AUX
fbem-29588	42	28	beneficial	beneficial	ADJ
fbem-29588	42	29	for	for	SCONJ
fbem-29588	42	30	enterprises	enterprise	NOUN
fbem-29588	42	31	to	to	PART
fbem-29588	42	32	obtain	obtain	VERB
fbem-29588	42	33	more	more	ADJ
fbem-29588	42	34	policy	policy	NOUN
fbem-29588	42	35	support	support	NOUN
fbem-29588	42	36	and	and	CCONJ
fbem-29588	42	37	social	social	ADJ
fbem-29588	42	38	recognition	recognition	NOUN
fbem-29588	42	39	[	[	X
fbem-29588	42	40	5	5	NUM
fbem-29588	42	41	]	]	PUNCT
fbem-29588	42	42	.	.	PUNCT
fbem-29588	43	1	on	on	ADP
fbem-29588	43	2	the	the	DET
fbem-29588	43	3	other	other	ADJ
fbem-29588	43	4	hand	hand	NOUN
fbem-29588	43	5	,	,	PUNCT
fbem-29588	43	6	the	the	DET
fbem-29588	43	7	environmental	environmental	ADJ
fbem-29588	43	8	protection	protection	NOUN
fbem-29588	43	9	projects	project	NOUN
fbem-29588	43	10	invested	invest	VERB
fbem-29588	43	11	by	by	ADP
fbem-29588	43	12	enterprises	enterprise	NOUN
fbem-29588	43	13	through	through	ADP
fbem-29588	43	14	green	green	ADJ
fbem-29588	43	15	bonds	bond	NOUN
fbem-29588	43	16	can	can	AUX
fbem-29588	43	17	create	create	VERB
fbem-29588	43	18	positive	positive	ADJ
fbem-29588	43	19	externalities	externality	NOUN
fbem-29588	43	20	such	such	ADJ
fbem-29588	43	21	as	as	ADP
fbem-29588	43	22	environmental	environmental	ADJ
fbem-29588	43	23	protection	protection	NOUN
fbem-29588	43	24	and	and	CCONJ
fbem-29588	43	25	carbon	carbon	NOUN
fbem-29588	43	26	emission	emission	NOUN
fbem-29588	43	27	reduction	reduction	NOUN
fbem-29588	43	28	for	for	ADP
fbem-29588	43	29	society	society	NOUN
fbem-29588	43	30	,	,	PUNCT
fbem-29588	43	31	thereby	thereby	ADV
fbem-29588	43	32	enhancing	enhance	VERB
fbem-29588	43	33	the	the	DET
fbem-29588	43	34	social	social	ADJ
fbem-29588	43	35	value	value	NOUN
fbem-29588	43	36	of	of	ADP
fbem-29588	43	37	the	the	DET
fbem-29588	43	38	enterprise	enterprise	NOUN
fbem-29588	43	39	and	and	CCONJ
fbem-29588	43	40	transforming	transform	VERB
fbem-29588	43	41	them	they	PRON
fbem-29588	43	42	into	into	ADP
fbem-29588	43	43	brand	brand	NOUN
fbem-29588	43	44	value	value	NOUN
fbem-29588	43	45	and	and	CCONJ
fbem-29588	43	46	market	market	NOUN
fbem-29588	43	47	competitiveness	competitiveness	NOUN
fbem-29588	43	48	through	through	ADP
fbem-29588	43	49	external	external	ADJ
fbem-29588	43	50	benefits	benefit	NOUN
fbem-29588	43	51	.	.	PUNCT
fbem-29588	44	1	the	the	DET
fbem-29588	44	2	issuance	issuance	NOUN
fbem-29588	44	3	of	of	ADP
fbem-29588	44	4	green	green	ADJ
fbem-29588	44	5	bonds	bond	NOUN
fbem-29588	44	6	can	can	AUX
fbem-29588	44	7	provide	provide	VERB
fbem-29588	44	8	more	more	ADV
fbem-29588	44	9	favorable	favorable	ADJ
fbem-29588	44	10	financing	financing	NOUN
fbem-29588	44	11	conditions	condition	NOUN
fbem-29588	44	12	for	for	ADP
fbem-29588	44	13	enterprises	enterprise	NOUN
fbem-29588	44	14	.	.	PUNCT
fbem-29588	45	1	on	on	ADP
fbem-29588	45	2	the	the	DET
fbem-29588	45	3	one	one	NUM
fbem-29588	45	4	hand	hand	NOUN
fbem-29588	45	5	,	,	PUNCT
fbem-29588	45	6	green	green	ADJ
fbem-29588	45	7	bonds	bond	NOUN
fbem-29588	45	8	have	have	AUX
fbem-29588	45	9	attracted	attract	VERB
fbem-29588	45	10	a	a	DET
fbem-29588	45	11	large	large	ADJ
fbem-29588	45	12	number	number	NOUN
fbem-29588	45	13	of	of	ADP
fbem-29588	45	14	institutional	institutional	ADJ
fbem-29588	45	15	investors	investor	NOUN
fbem-29588	45	16	and	and	CCONJ
fbem-29588	45	17	funds	fund	NOUN
fbem-29588	45	18	focused	focus	VERB
fbem-29588	45	19	on	on	ADP
fbem-29588	45	20	sustainable	sustainable	ADJ
fbem-29588	45	21	investment	investment	NOUN
fbem-29588	45	22	,	,	PUNCT
fbem-29588	45	23	who	who	PRON
fbem-29588	45	24	are	be	AUX
fbem-29588	45	25	often	often	ADV
fbem-29588	45	26	willing	willing	ADJ
fbem-29588	45	27	to	to	PART
fbem-29588	45	28	accept	accept	VERB
fbem-29588	45	29	lower	low	ADJ
fbem-29588	45	30	yields	yield	NOUN
fbem-29588	45	31	because	because	SCONJ
fbem-29588	45	32	they	they	PRON
fbem-29588	45	33	place	place	VERB
fbem-29588	45	34	greater	great	ADJ
fbem-29588	45	35	emphasis	emphasis	NOUN
fbem-29588	45	36	on	on	ADP
fbem-29588	45	37	environmental	environmental	ADJ
fbem-29588	45	38	,	,	PUNCT
fbem-29588	45	39	social	social	ADJ
fbem-29588	45	40	,	,	PUNCT
fbem-29588	45	41	and	and	CCONJ
fbem-29588	45	42	governance	governance	NOUN
fbem-29588	45	43	(	(	PUNCT
fbem-29588	45	44	esg	esg	NOUN
fbem-29588	45	45	)	)	PUNCT
fbem-29588	45	46	standards	standard	NOUN
fbem-29588	45	47	.	.	PUNCT
fbem-29588	46	1	in	in	ADP
fbem-29588	46	2	this	this	DET
fbem-29588	46	3	way	way	NOUN
fbem-29588	46	4	,	,	PUNCT
fbem-29588	46	5	companies	company	NOUN
fbem-29588	46	6	can	can	AUX
fbem-29588	46	7	raise	raise	VERB
fbem-29588	46	8	funds	fund	NOUN
fbem-29588	46	9	at	at	ADP
fbem-29588	46	10	lower	low	ADJ
fbem-29588	46	11	financing	financing	NOUN
fbem-29588	46	12	costs	cost	NOUN
fbem-29588	46	13	by	by	ADP
fbem-29588	46	14	issuing	issue	VERB
fbem-29588	46	15	green	green	ADJ
fbem-29588	46	16	bonds	bond	NOUN
fbem-29588	46	17	,	,	PUNCT
fbem-29588	46	18	reducing	reduce	VERB
fbem-29588	46	19	overall	overall	ADJ
fbem-29588	46	20	capital	capital	NOUN
fbem-29588	46	21	costs	cost	NOUN
fbem-29588	46	22	and	and	CCONJ
fbem-29588	46	23	directly	directly	ADV
fbem-29588	46	24	enhancing	enhance	VERB
fbem-29588	46	25	corporate	corporate	ADJ
fbem-29588	46	26	value	value	NOUN
fbem-29588	46	27	.	.	PUNCT
fbem-29588	47	1	on	on	ADP
fbem-29588	47	2	the	the	DET
fbem-29588	47	3	other	other	ADJ
fbem-29588	47	4	hand	hand	NOUN
fbem-29588	47	5	,	,	PUNCT
fbem-29588	47	6	it	it	PRON
fbem-29588	47	7	can	can	AUX
fbem-29588	47	8	convey	convey	VERB
fbem-29588	47	9	the	the	DET
fbem-29588	47	10	company	company	NOUN
fbem-29588	47	11	's	's	PART
fbem-29588	47	12	commitment	commitment	NOUN
fbem-29588	47	13	to	to	ADP
fbem-29588	47	14	environmental	environmental	ADJ
fbem-29588	47	15	protection	protection	NOUN
fbem-29588	47	16	to	to	ADP
fbem-29588	47	17	the	the	DET
fbem-29588	47	18	market	market	NOUN
fbem-29588	47	19	and	and	CCONJ
fbem-29588	47	20	improve	improve	VERB
fbem-29588	47	21	the	the	DET
fbem-29588	47	22	company	company	NOUN
fbem-29588	47	23	's	's	PART
fbem-29588	47	24	social	social	ADJ
fbem-29588	47	25	responsibility	responsibility	NOUN
fbem-29588	47	26	image	image	NOUN
fbem-29588	47	27	.	.	PUNCT
fbem-29588	48	1	for	for	ADP
fbem-29588	48	2	companies	company	NOUN
fbem-29588	48	3	that	that	PRON
fbem-29588	48	4	actively	actively	ADV
fbem-29588	48	5	participate	participate	VERB
fbem-29588	48	6	in	in	ADP
fbem-29588	48	7	green	green	ADJ
fbem-29588	48	8	projects	project	NOUN
fbem-29588	48	9	,	,	PUNCT
fbem-29588	48	10	issuing	issue	VERB
fbem-29588	48	11	green	green	ADJ
fbem-29588	48	12	bonds	bond	NOUN
fbem-29588	48	13	means	mean	VERB
fbem-29588	48	14	that	that	SCONJ
fbem-29588	48	15	the	the	DET
fbem-29588	48	16	company	company	NOUN
fbem-29588	48	17	not	not	PART
fbem-29588	48	18	only	only	ADV
fbem-29588	48	19	focuses	focus	VERB
fbem-29588	48	20	on	on	ADP
fbem-29588	48	21	short	short	ADJ
fbem-29588	48	22	-	-	PUNCT
fbem-29588	48	23	term	term	NOUN
fbem-29588	48	24	profits	profit	NOUN
fbem-29588	48	25	,	,	PUNCT
fbem-29588	48	26	but	but	CCONJ
fbem-29588	48	27	also	also	ADV
fbem-29588	48	28	on	on	ADP
fbem-29588	48	29	long	long	ADJ
fbem-29588	48	30	-	-	PUNCT
fbem-29588	48	31	term	term	NOUN
fbem-29588	48	32	sustainable	sustainable	ADJ
fbem-29588	48	33	development	development	NOUN
fbem-29588	49	1	[	[	X
fbem-29588	49	2	6	6	NUM
fbem-29588	49	3	]	]	PUNCT
fbem-29588	49	4	.	.	PUNCT
fbem-29588	50	1	this	this	DET
fbem-29588	50	2	image	image	NOUN
fbem-29588	50	3	enhancement	enhancement	NOUN
fbem-29588	50	4	can	can	AUX
fbem-29588	50	5	increase	increase	VERB
fbem-29588	50	6	the	the	DET
fbem-29588	50	7	trust	trust	NOUN
fbem-29588	50	8	and	and	CCONJ
fbem-29588	50	9	support	support	NOUN
fbem-29588	50	10	of	of	ADP
fbem-29588	50	11	consumers	consumer	NOUN
fbem-29588	50	12	,	,	PUNCT
fbem-29588	50	13	investors	investor	NOUN
fbem-29588	50	14	,	,	PUNCT
fbem-29588	50	15	and	and	CCONJ
fbem-29588	50	16	stakeholders	stakeholder	NOUN
fbem-29588	50	17	.	.	PUNCT
fbem-29588	51	1	this	this	DET
fbem-29588	51	2	'	'	PUNCT
fbem-29588	51	3	reputation	reputation	NOUN
fbem-29588	51	4	effect	effect	NOUN
fbem-29588	51	5	'	'	PUNCT
fbem-29588	51	6	can	can	AUX
fbem-29588	51	7	enhance	enhance	VERB
fbem-29588	51	8	a	a	DET
fbem-29588	51	9	company	company	NOUN
fbem-29588	51	10	's	's	PART
fbem-29588	51	11	brand	brand	NOUN
fbem-29588	51	12	value	value	NOUN
fbem-29588	51	13	,	,	PUNCT
fbem-29588	51	14	which	which	PRON
fbem-29588	51	15	is	be	AUX
fbem-29588	51	16	reflected	reflect	VERB
fbem-29588	51	17	in	in	ADP
fbem-29588	51	18	its	its	PRON
fbem-29588	51	19	market	market	NOUN
fbem-29588	51	20	value	value	NOUN
fbem-29588	51	21	.	.	PUNCT
fbem-29588	52	1	taking	take	VERB
fbem-29588	52	2	into	into	ADP
fbem-29588	52	3	account	account	NOUN
fbem-29588	52	4	these	these	DET
fbem-29588	52	5	factors	factor	NOUN
fbem-29588	52	6	,	,	PUNCT
fbem-29588	52	7	this	this	DET
fbem-29588	52	8	article	article	NOUN
fbem-29588	52	9	proposes	propose	VERB
fbem-29588	52	10	hypothesis	hypothesis	NOUN
fbem-29588	52	11	h1	h1	PROPN
fbem-29588	52	12	:	:	PUNCT
fbem-29588	52	13	h1	h1	PROPN
fbem-29588	52	14	:	:	PUNCT
fbem-29588	52	15	issuing	issue	VERB
fbem-29588	52	16	green	green	ADJ
fbem-29588	52	17	bonds	bond	NOUN
fbem-29588	52	18	by	by	ADP
fbem-29588	52	19	enterprises	enterprise	NOUN
fbem-29588	52	20	can	can	AUX
fbem-29588	52	21	enhance	enhance	VERB
fbem-29588	52	22	their	their	PRON
fbem-29588	52	23	value	value	NOUN
fbem-29588	52	24	.	.	PUNCT
fbem-29588	53	1	2.2	2.2	NUM
fbem-29588	53	2	.	.	PUNCT
fbem-29588	53	3	analysis	analysis	NOUN
fbem-29588	53	4	of	of	ADP
fbem-29588	53	5	enterprise	enterprise	NOUN
fbem-29588	53	6	heterogeneity	heterogeneity	NOUN
fbem-29588	53	7	the	the	DET
fbem-29588	53	8	level	level	NOUN
fbem-29588	53	9	of	of	ADP
fbem-29588	53	10	economic	economic	ADJ
fbem-29588	53	11	development	development	NOUN
fbem-29588	53	12	,	,	PUNCT
fbem-29588	53	13	policy	policy	NOUN
fbem-29588	53	14	environment	environment	NOUN
fbem-29588	53	15	,	,	PUNCT
fbem-29588	53	16	and	and	CCONJ
fbem-29588	53	17	development	development	NOUN
fbem-29588	53	18	of	of	ADP
fbem-29588	53	19	green	green	ADJ
fbem-29588	53	20	finance	finance	NOUN
fbem-29588	53	21	markets	market	NOUN
fbem-29588	53	22	in	in	ADP
fbem-29588	53	23	the	the	DET
fbem-29588	53	24	region	region	NOUN
fbem-29588	53	25	where	where	SCONJ
fbem-29588	53	26	the	the	DET
fbem-29588	53	27	enterprise	enterprise	NOUN
fbem-29588	53	28	is	be	AUX
fbem-29588	53	29	located	locate	VERB
fbem-29588	53	30	are	be	AUX
fbem-29588	53	31	important	important	ADJ
fbem-29588	53	32	factors	factor	NOUN
fbem-29588	53	33	that	that	PRON
fbem-29588	53	34	affect	affect	VERB
fbem-29588	53	35	the	the	DET
fbem-29588	53	36	role	role	NOUN
fbem-29588	53	37	of	of	ADP
fbem-29588	53	38	green	green	ADJ
fbem-29588	53	39	bonds	bond	NOUN
fbem-29588	53	40	in	in	ADP
fbem-29588	53	41	enhancing	enhance	VERB
fbem-29588	53	42	the	the	DET
fbem-29588	53	43	value	value	NOUN
fbem-29588	53	44	of	of	ADP
fbem-29588	53	45	the	the	DET
fbem-29588	53	46	enterprise	enterprise	NOUN
fbem-29588	53	47	.	.	PUNCT
fbem-29588	54	1	there	there	PRON
fbem-29588	54	2	are	be	VERB
fbem-29588	54	3	significant	significant	ADJ
fbem-29588	54	4	differences	difference	NOUN
fbem-29588	54	5	in	in	ADP
fbem-29588	54	6	resource	resource	NOUN
fbem-29588	54	7	allocation	allocation	NOUN
fbem-29588	54	8	efficiency	efficiency	NOUN
fbem-29588	54	9	,	,	PUNCT
fbem-29588	54	10	financial	financial	ADJ
fbem-29588	54	11	market	market	NOUN
fbem-29588	54	12	maturity	maturity	NOUN
fbem-29588	54	13	,	,	PUNCT
fbem-29588	54	14	and	and	CCONJ
fbem-29588	54	15	policy	policy	NOUN
fbem-29588	54	16	implementation	implementation	NOUN
fbem-29588	54	17	among	among	ADP
fbem-29588	54	18	different	different	ADJ
fbem-29588	54	19	regions	region	NOUN
fbem-29588	54	20	,	,	PUNCT
fbem-29588	54	21	resulting	result	VERB
fbem-29588	54	22	in	in	ADP
fbem-29588	54	23	regional	regional	ADJ
fbem-29588	54	24	heterogeneity	heterogeneity	NOUN
fbem-29588	54	25	in	in	ADP
fbem-29588	54	26	the	the	DET
fbem-29588	54	27	use	use	NOUN
fbem-29588	54	28	of	of	ADP
fbem-29588	54	29	green	green	ADJ
fbem-29588	54	30	bonds	bond	NOUN
fbem-29588	54	31	to	to	PART
fbem-29588	54	32	enhance	enhance	VERB
fbem-29588	54	33	corporate	corporate	ADJ
fbem-29588	54	34	value	value	NOUN
fbem-29588	54	35	.	.	PUNCT
fbem-29588	55	1	the	the	DET
fbem-29588	55	2	level	level	NOUN
fbem-29588	55	3	of	of	ADP
fbem-29588	55	4	regional	regional	ADJ
fbem-29588	55	5	economic	economic	ADJ
fbem-29588	55	6	development	development	NOUN
fbem-29588	55	7	directly	directly	ADV
fbem-29588	55	8	affects	affect	VERB
fbem-29588	55	9	the	the	DET
fbem-29588	55	10	utilization	utilization	NOUN
fbem-29588	55	11	efficiency	efficiency	NOUN
fbem-29588	55	12	of	of	ADP
fbem-29588	55	13	green	green	ADJ
fbem-29588	55	14	bonds	bond	NOUN
fbem-29588	55	15	by	by	ADP
fbem-29588	55	16	enterprises	enterprise	NOUN
fbem-29588	55	17	and	and	CCONJ
fbem-29588	55	18	the	the	DET
fbem-29588	55	19	acceptance	acceptance	NOUN
fbem-29588	55	20	of	of	ADP
fbem-29588	55	21	the	the	DET
fbem-29588	55	22	capital	capital	NOUN
fbem-29588	55	23	market	market	NOUN
fbem-29588	55	24	[	[	X
fbem-29588	55	25	7	7	NUM
fbem-29588	55	26	]	]	PUNCT
fbem-29588	55	27	.	.	PUNCT
fbem-29588	56	1	economically	economically	ADV
fbem-29588	56	2	developed	develop	VERB
fbem-29588	56	3	regions	region	NOUN
fbem-29588	56	4	,	,	PUNCT
fbem-29588	56	5	such	such	ADJ
fbem-29588	56	6	as	as	ADP
fbem-29588	56	7	the	the	DET
fbem-29588	56	8	eastern	eastern	ADJ
fbem-29588	56	9	region	region	NOUN
fbem-29588	56	10	,	,	PUNCT
fbem-29588	56	11	have	have	VERB
fbem-29588	56	12	stronger	strong	ADJ
fbem-29588	56	13	market	market	NOUN
fbem-29588	56	14	-	-	PUNCT
fbem-29588	56	15	oriented	orient	VERB
fbem-29588	56	16	characteristics	characteristic	NOUN
fbem-29588	56	17	and	and	CCONJ
fbem-29588	56	18	higher	high	ADJ
fbem-29588	56	19	levels	level	NOUN
fbem-29588	56	20	of	of	ADP
fbem-29588	56	21	capital	capital	NOUN
fbem-29588	56	22	accumulation	accumulation	NOUN
fbem-29588	56	23	,	,	PUNCT
fbem-29588	56	24	which	which	PRON
fbem-29588	56	25	creates	create	VERB
fbem-29588	56	26	more	more	ADV
fbem-29588	56	27	favorable	favorable	ADJ
fbem-29588	56	28	external	external	ADJ
fbem-29588	56	29	conditions	condition	NOUN
fbem-29588	56	30	for	for	SCONJ
fbem-29588	56	31	enterprises	enterprise	NOUN
fbem-29588	56	32	to	to	PART
fbem-29588	56	33	issue	issue	VERB
fbem-29588	56	34	green	green	ADJ
fbem-29588	56	35	bonds	bond	NOUN
fbem-29588	56	36	.	.	PUNCT
fbem-29588	57	1	meanwhile	meanwhile	ADV
fbem-29588	57	2	,	,	PUNCT
fbem-29588	57	3	enterprises	enterprise	NOUN
fbem-29588	57	4	in	in	ADP
fbem-29588	57	5	these	these	DET
fbem-29588	57	6	regions	region	NOUN
fbem-29588	57	7	have	have	VERB
fbem-29588	57	8	strong	strong	ADJ
fbem-29588	57	9	capabilities	capability	NOUN
fbem-29588	57	10	in	in	ADP
fbem-29588	57	11	technological	technological	ADJ
fbem-29588	57	12	upgrading	upgrading	NOUN
fbem-29588	57	13	and	and	CCONJ
fbem-29588	57	14	industrial	industrial	ADJ
fbem-29588	57	15	optimization	optimization	NOUN
fbem-29588	57	16	,	,	PUNCT
fbem-29588	57	17	making	make	VERB
fbem-29588	57	18	it	it	PRON
fbem-29588	57	19	easier	easy	ADJ
fbem-29588	57	20	for	for	SCONJ
fbem-29588	57	21	them	they	PRON
fbem-29588	57	22	to	to	PART
fbem-29588	57	23	utilize	utilize	VERB
fbem-29588	57	24	green	green	ADJ
fbem-29588	57	25	bond	bond	NOUN
fbem-29588	57	26	funds	fund	NOUN
fbem-29588	57	27	to	to	PART
fbem-29588	57	28	enhance	enhance	VERB
fbem-29588	57	29	their	their	PRON
fbem-29588	57	30	corporate	corporate	ADJ
fbem-29588	57	31	value	value	NOUN
fbem-29588	57	32	.	.	PUNCT
fbem-29588	58	1	compared	compare	VERB
fbem-29588	58	2	to	to	ADP
fbem-29588	58	3	other	other	ADJ
fbem-29588	58	4	regions	region	NOUN
fbem-29588	58	5	,	,	PUNCT
fbem-29588	58	6	enterprises	enterprise	NOUN
fbem-29588	58	7	in	in	ADP
fbem-29588	58	8	economically	economically	ADV
fbem-29588	58	9	underdeveloped	underdeveloped	ADJ
fbem-29588	58	10	areas	area	NOUN
fbem-29588	58	11	such	such	ADJ
fbem-29588	58	12	as	as	ADP
fbem-29588	58	13	the	the	DET
fbem-29588	58	14	central	central	ADJ
fbem-29588	58	15	and	and	CCONJ
fbem-29588	58	16	western	western	ADJ
fbem-29588	58	17	regions	region	NOUN
fbem-29588	58	18	may	may	AUX
fbem-29588	58	19	not	not	PART
fbem-29588	58	20	be	be	AUX
fbem-29588	58	21	able	able	ADJ
fbem-29588	58	22	to	to	PART
fbem-29588	58	23	fully	fully	ADV
fbem-29588	58	24	utilize	utilize	VERB
fbem-29588	58	25	green	green	ADJ
fbem-29588	58	26	bond	bond	NOUN
fbem-29588	58	27	financing	financing	NOUN
fbem-29588	58	28	to	to	PART
fbem-29588	58	29	promote	promote	VERB
fbem-29588	58	30	value	value	NOUN
fbem-29588	58	31	enhancement	enhancement	NOUN
fbem-29588	58	32	due	due	ADP
fbem-29588	58	33	to	to	ADP
fbem-29588	58	34	low	low	ADJ
fbem-29588	58	35	efficiency	efficiency	NOUN
fbem-29588	58	36	in	in	ADP
fbem-29588	58	37	capital	capital	NOUN
fbem-29588	58	38	utilization	utilization	NOUN
fbem-29588	58	39	and	and	CCONJ
fbem-29588	58	40	insufficient	insufficient	ADJ
fbem-29588	58	41	technological	technological	ADJ
fbem-29588	58	42	reserves	reserve	NOUN
fbem-29588	58	43	[	[	X
fbem-29588	58	44	8	8	NUM
fbem-29588	58	45	]	]	PUNCT
fbem-29588	58	46	.	.	PUNCT
fbem-29588	59	1	the	the	DET
fbem-29588	59	2	development	development	NOUN
fbem-29588	59	3	level	level	NOUN
fbem-29588	59	4	of	of	ADP
fbem-29588	59	5	regional	regional	ADJ
fbem-29588	59	6	green	green	ADJ
fbem-29588	59	7	finance	finance	NOUN
fbem-29588	59	8	markets	market	NOUN
fbem-29588	59	9	largely	largely	ADV
fbem-29588	59	10	determines	determine	VERB
fbem-29588	59	11	the	the	DET
fbem-29588	59	12	financing	financing	NOUN
fbem-29588	59	13	cost	cost	NOUN
fbem-29588	59	14	of	of	ADP
fbem-29588	59	15	green	green	ADJ
fbem-29588	59	16	bonds	bond	NOUN
fbem-29588	59	17	and	and	CCONJ
fbem-29588	59	18	the	the	DET
fbem-29588	59	19	acceptance	acceptance	NOUN
fbem-29588	59	20	of	of	ADP
fbem-29588	59	21	investors	investor	NOUN
fbem-29588	59	22	.	.	PUNCT
fbem-29588	60	1	in	in	ADP
fbem-29588	60	2	regions	region	NOUN
fbem-29588	60	3	where	where	SCONJ
fbem-29588	60	4	the	the	DET
fbem-29588	60	5	green	green	ADJ
fbem-29588	60	6	finance	finance	NOUN
fbem-29588	60	7	market	market	NOUN
fbem-29588	60	8	is	be	AUX
fbem-29588	60	9	more	more	ADV
fbem-29588	60	10	mature	mature	ADJ
fbem-29588	60	11	[	[	X
fbem-29588	60	12	9	9	NUM
fbem-29588	60	13	]	]	X
fbem-29588	60	14	(	(	PUNCT
fbem-29588	60	15	such	such	ADJ
fbem-29588	60	16	as	as	ADP
fbem-29588	60	17	the	the	DET
fbem-29588	60	18	eastern	eastern	ADJ
fbem-29588	60	19	coastal	coastal	ADJ
fbem-29588	60	20	areas	area	NOUN
fbem-29588	60	21	)	)	PUNCT
fbem-29588	60	22	,	,	PUNCT
fbem-29588	60	23	the	the	DET
fbem-29588	60	24	issuance	issuance	NOUN
fbem-29588	60	25	efficiency	efficiency	NOUN
fbem-29588	60	26	of	of	ADP
fbem-29588	60	27	green	green	ADJ
fbem-29588	60	28	bonds	bond	NOUN
fbem-29588	60	29	is	be	AUX
fbem-29588	60	30	higher	high	ADJ
fbem-29588	60	31	,	,	PUNCT
fbem-29588	60	32	the	the	DET
fbem-29588	60	33	financing	financing	NOUN
fbem-29588	60	34	cost	cost	NOUN
fbem-29588	60	35	is	be	AUX
fbem-29588	60	36	lower	low	ADJ
fbem-29588	60	37	,	,	PUNCT
fbem-29588	60	38	and	and	CCONJ
fbem-29588	60	39	it	it	PRON
fbem-29588	60	40	is	be	AUX
fbem-29588	60	41	easier	easy	ADJ
fbem-29588	60	42	to	to	PART
fbem-29588	60	43	attract	attract	VERB
fbem-29588	60	44	environmentally	environmentally	ADV
fbem-29588	60	45	friendly	friendly	ADJ
fbem-29588	60	46	investors	investor	NOUN
fbem-29588	60	47	to	to	PART
fbem-29588	60	48	participate	participate	VERB
fbem-29588	60	49	.	.	PUNCT
fbem-29588	61	1	therefore	therefore	ADV
fbem-29588	61	2	,	,	PUNCT
fbem-29588	61	3	this	this	DET
fbem-29588	61	4	article	article	NOUN
fbem-29588	61	5	proposes	propose	VERB
fbem-29588	61	6	the	the	DET
fbem-29588	61	7	hypothesis	hypothesis	NOUN
fbem-29588	61	8	h2b	h2b	PROPN
fbem-29588	61	9	:	:	PUNCT
fbem-29588	61	10	h2a	h2a	ADP
fbem-29588	61	11	:	:	PUNCT
fbem-29588	61	12	the	the	DET
fbem-29588	61	13	promotion	promotion	NOUN
fbem-29588	61	14	effect	effect	NOUN
fbem-29588	61	15	of	of	ADP
fbem-29588	61	16	issuing	issue	VERB
fbem-29588	61	17	green	green	ADJ
fbem-29588	61	18	bonds	bond	NOUN
fbem-29588	61	19	on	on	ADP
fbem-29588	61	20	the	the	DET
fbem-29588	61	21	value	value	NOUN
fbem-29588	61	22	of	of	ADP
fbem-29588	61	23	enterprises	enterprise	NOUN
fbem-29588	61	24	in	in	ADP
fbem-29588	61	25	different	different	ADJ
fbem-29588	61	26	regions	region	NOUN
fbem-29588	61	27	is	be	AUX
fbem-29588	61	28	more	more	ADV
fbem-29588	61	29	pronounced	pronounce	VERB
fbem-29588	61	30	in	in	ADP
fbem-29588	61	31	the	the	DET
fbem-29588	61	32	eastern	eastern	ADJ
fbem-29588	61	33	region	region	NOUN
fbem-29588	61	34	.	.	PUNCT
fbem-29588	62	1	industry	industry	NOUN
fbem-29588	62	2	characteristics	characteristic	NOUN
fbem-29588	62	3	are	be	AUX
fbem-29588	62	4	important	important	ADJ
fbem-29588	62	5	factors	factor	NOUN
fbem-29588	62	6	affecting	affect	VERB
fbem-29588	62	7	the	the	DET
fbem-29588	62	8	value	value	NOUN
fbem-29588	62	9	enhancement	enhancement	NOUN
fbem-29588	62	10	of	of	ADP
fbem-29588	62	11	green	green	ADJ
fbem-29588	62	12	bonds	bond	NOUN
fbem-29588	62	13	for	for	ADP
fbem-29588	62	14	enterprises	enterprise	NOUN
fbem-29588	62	15	[	[	X
fbem-29588	62	16	10	10	NUM
fbem-29588	62	17	]	]	PUNCT
fbem-29588	62	18	.	.	PUNCT
fbem-29588	63	1	the	the	DET
fbem-29588	63	2	differences	difference	NOUN
fbem-29588	63	3	in	in	ADP
fbem-29588	63	4	pollution	pollution	NOUN
fbem-29588	63	5	levels	level	NOUN
fbem-29588	63	6	,	,	PUNCT
fbem-29588	63	7	technological	technological	ADJ
fbem-29588	63	8	requirements	requirement	NOUN
fbem-29588	63	9	,	,	PUNCT
fbem-29588	63	10	green	green	ADJ
fbem-29588	63	11	transformation	transformation	NOUN
fbem-29588	63	12	pressure	pressure	NOUN
fbem-29588	63	13	,	,	PUNCT
fbem-29588	63	14	and	and	CCONJ
fbem-29588	63	15	policy	policy	NOUN
fbem-29588	63	16	support	support	NOUN
fbem-29588	63	17	among	among	ADP
fbem-29588	63	18	different	different	ADJ
fbem-29588	63	19	industries	industry	NOUN
fbem-29588	63	20	result	result	VERB
fbem-29588	63	21	in	in	ADP
fbem-29588	63	22	significant	significant	ADJ
fbem-29588	63	23	industry	industry	NOUN
fbem-29588	63	24	heterogeneity	heterogeneity	NOUN
fbem-29588	63	25	in	in	ADP
fbem-29588	63	26	the	the	DET
fbem-29588	63	27	role	role	NOUN
fbem-29588	63	28	of	of	ADP
fbem-29588	63	29	green	green	ADJ
fbem-29588	63	30	bonds	bond	NOUN
fbem-29588	63	31	in	in	ADP
fbem-29588	63	32	enterprise	enterprise	NOUN
fbem-29588	63	33	value	value	NOUN
fbem-29588	63	34	.	.	PUNCT
fbem-29588	64	1	enterprises	enterprise	NOUN
fbem-29588	64	2	in	in	ADP
fbem-29588	64	3	high	high	ADJ
fbem-29588	64	4	polluting	polluting	NOUN
fbem-29588	64	5	industries	industry	NOUN
fbem-29588	64	6	often	often	ADV
fbem-29588	64	7	face	face	VERB
fbem-29588	64	8	greater	great	ADJ
fbem-29588	64	9	environmental	environmental	ADJ
fbem-29588	64	10	pressure	pressure	NOUN
fbem-29588	64	11	and	and	CCONJ
fbem-29588	64	12	social	social	ADJ
fbem-29588	64	13	responsibility	responsibility	NOUN
fbem-29588	64	14	requirements	requirement	NOUN
fbem-29588	64	15	.	.	PUNCT
fbem-29588	65	1	high	high	ADJ
fbem-29588	65	2	polluting	polluting	NOUN
fbem-29588	65	3	industries	industry	NOUN
fbem-29588	65	4	can	can	AUX
fbem-29588	65	5	significantly	significantly	ADV
fbem-29588	65	6	alleviate	alleviate	VERB
fbem-29588	65	7	their	their	PRON
fbem-29588	65	8	financial	financial	ADJ
fbem-29588	65	9	pressure	pressure	NOUN
fbem-29588	65	10	caused	cause	VERB
fbem-29588	65	11	by	by	ADP
fbem-29588	65	12	environmental	environmental	ADJ
fbem-29588	65	13	compliance	compliance	NOUN
fbem-29588	65	14	and	and	CCONJ
fbem-29588	65	15	promote	promote	VERB
fbem-29588	65	16	green	green	ADJ
fbem-29588	65	17	transformation	transformation	NOUN
fbem-29588	65	18	through	through	ADP
fbem-29588	65	19	green	green	ADJ
fbem-29588	65	20	bond	bond	NOUN
fbem-29588	65	21	financing	financing	NOUN
fbem-29588	65	22	[	[	X
fbem-29588	65	23	11	11	NUM
fbem-29588	65	24	]	]	PUNCT
fbem-29588	65	25	.	.	PUNCT
fbem-29588	66	1	the	the	DET
fbem-29588	66	2	funds	fund	NOUN
fbem-29588	66	3	obtained	obtain	VERB
fbem-29588	66	4	by	by	ADP
fbem-29588	66	5	these	these	DET
fbem-29588	66	6	enterprises	enterprise	NOUN
fbem-29588	66	7	through	through	ADP
fbem-29588	66	8	green	green	ADJ
fbem-29588	66	9	bonds	bond	NOUN
fbem-29588	66	10	are	be	AUX
fbem-29588	66	11	mostly	mostly	ADV
fbem-29588	66	12	used	use	VERB
fbem-29588	66	13	for	for	ADP
fbem-29588	66	14	upgrading	upgrade	VERB
fbem-29588	66	15	emission	emission	NOUN
fbem-29588	66	16	reduction	reduction	NOUN
fbem-29588	66	17	technologies	technology	NOUN
fbem-29588	66	18	,	,	PUNCT
fbem-29588	66	19	pollution	pollution	NOUN
fbem-29588	66	20	control	control	NOUN
fbem-29588	66	21	,	,	PUNCT
fbem-29588	66	22	and	and	CCONJ
fbem-29588	66	23	clean	clean	ADJ
fbem-29588	66	24	production	production	NOUN
fbem-29588	66	25	projects	project	NOUN
fbem-29588	66	26	,	,	PUNCT
fbem-29588	66	27	which	which	PRON
fbem-29588	66	28	can	can	AUX
fbem-29588	66	29	reduce	reduce	VERB
fbem-29588	66	30	potential	potential	ADJ
fbem-29588	66	31	environmental	environmental	ADJ
fbem-29588	66	32	risks	risk	NOUN
fbem-29588	66	33	and	and	CCONJ
fbem-29588	66	34	policy	policy	NOUN
fbem-29588	66	35	penalties	penalty	NOUN
fbem-29588	66	36	,	,	PUNCT
fbem-29588	66	37	thereby	thereby	ADV
fbem-29588	66	38	indirectly	indirectly	ADV
fbem-29588	66	39	enhancing	enhance	VERB
fbem-29588	66	40	the	the	DET
fbem-29588	66	41	value	value	NOUN
fbem-29588	66	42	of	of	ADP
fbem-29588	66	43	the	the	DET
fbem-29588	66	44	enterprise	enterprise	NOUN
fbem-29588	66	45	.	.	PUNCT
fbem-29588	67	1	therefore	therefore	ADV
fbem-29588	67	2	,	,	PUNCT
fbem-29588	67	3	this	this	DET
fbem-29588	67	4	article	article	NOUN
fbem-29588	67	5	proposes	propose	VERB
fbem-29588	67	6	hypothesis	hypothesis	NOUN
fbem-29588	67	7	h2b	h2b	PROPN
fbem-29588	67	8	:	:	PUNCT
fbem-29588	67	9	h2b	h2b	PROPN
fbem-29588	67	10	:	:	PUNCT
fbem-29588	67	11	compared	compare	VERB
fbem-29588	67	12	to	to	ADP
fbem-29588	67	13	non	non	ADJ
fbem-29588	67	14	-	-	ADJ
fbem-29588	67	15	polluting	polluting	ADJ
fbem-29588	67	16	industries	industry	NOUN
fbem-29588	67	17	,	,	PUNCT
fbem-29588	67	18	the	the	DET
fbem-29588	67	19	issuance	issuance	NOUN
fbem-29588	67	20	of	of	ADP
fbem-29588	67	21	green	green	ADJ
fbem-29588	67	22	bonds	bond	NOUN
fbem-29588	67	23	has	have	VERB
fbem-29588	67	24	a	a	DET
fbem-29588	67	25	more	more	ADV
fbem-29588	67	26	significant	significant	ADJ
fbem-29588	67	27	promoting	promote	VERB
fbem-29588	67	28	effect	effect	NOUN
fbem-29588	67	29	on	on	ADP
fbem-29588	67	30	the	the	DET
fbem-29588	67	31	value	value	NOUN
fbem-29588	67	32	of	of	ADP
fbem-29588	67	33	polluting	pollute	VERB
fbem-29588	67	34	industry	industry	NOUN
fbem-29588	67	35	enterprises	enterprise	NOUN
fbem-29588	67	36	.	.	PUNCT
fbem-29588	68	1	2.3	2.3	NUM
fbem-29588	68	2	.	.	PUNCT
fbem-29588	69	1	analysis	analysis	NOUN
fbem-29588	69	2	of	of	ADP
fbem-29588	69	3	enterprise	enterprise	NOUN
fbem-29588	69	4	heterogeneity	heterogeneity	NOUN
fbem-29588	69	5	green	green	ADJ
fbem-29588	69	6	bonds	bond	NOUN
fbem-29588	69	7	are	be	AUX
fbem-29588	69	8	a	a	DET
fbem-29588	69	9	type	type	NOUN
fbem-29588	69	10	of	of	ADP
fbem-29588	69	11	bond	bond	NOUN
fbem-29588	69	12	specifically	specifically	ADV
fbem-29588	69	13	designed	design	VERB
fbem-29588	69	14	to	to	PART
fbem-29588	69	15	fund	fund	VERB
fbem-29588	69	16	environmental	environmental	ADJ
fbem-29588	69	17	or	or	CCONJ
fbem-29588	69	18	sustainable	sustainable	ADJ
fbem-29588	69	19	projects	project	NOUN
fbem-29588	69	20	.	.	PUNCT
fbem-29588	70	1	compared	compare	VERB
fbem-29588	70	2	to	to	ADP
fbem-29588	70	3	traditional	traditional	ADJ
fbem-29588	70	4	bonds	bond	NOUN
fbem-29588	70	5	,	,	PUNCT
fbem-29588	70	6	green	green	ADJ
fbem-29588	70	7	bonds	bond	NOUN
fbem-29588	70	8	often	often	ADV
fbem-29588	70	9	enjoy	enjoy	VERB
fbem-29588	70	10	lower	low	ADJ
fbem-29588	70	11	interest	interest	NOUN
fbem-29588	70	12	rates	rate	NOUN
fbem-29588	70	13	.	.	PUNCT
fbem-29588	71	1	the	the	DET
fbem-29588	71	2	main	main	ADJ
fbem-29588	71	3	sources	source	NOUN
fbem-29588	71	4	of	of	ADP
fbem-29588	71	5	this	this	DET
fbem-29588	71	6	interest	interest	NOUN
fbem-29588	71	7	rate	rate	NOUN
fbem-29588	71	8	discount	discount	NOUN
fbem-29588	71	9	are	be	AUX
fbem-29588	71	10	investor	investor	NOUN
fbem-29588	71	11	65	65	NUM
fbem-29588	71	12	preferences	preference	NOUN
fbem-29588	71	13	,	,	PUNCT
fbem-29588	71	14	policy	policy	NOUN
fbem-29588	71	15	support	support	NOUN
fbem-29588	71	16	and	and	CCONJ
fbem-29588	71	17	incentives	incentive	NOUN
fbem-29588	71	18	,	,	PUNCT
fbem-29588	71	19	and	and	CCONJ
fbem-29588	71	20	strong	strong	ADJ
fbem-29588	71	21	market	market	NOUN
fbem-29588	71	22	demand	demand	NOUN
fbem-29588	71	23	[	[	X
fbem-29588	71	24	13	13	NUM
fbem-29588	71	25	]	]	PUNCT
fbem-29588	71	26	.	.	PUNCT
fbem-29588	72	1	due	due	ADP
fbem-29588	72	2	to	to	ADP
fbem-29588	72	3	the	the	DET
fbem-29588	72	4	increasing	increase	VERB
fbem-29588	72	5	concern	concern	NOUN
fbem-29588	72	6	of	of	ADP
fbem-29588	72	7	society	society	NOUN
fbem-29588	72	8	for	for	ADP
fbem-29588	72	9	sustainable	sustainable	ADJ
fbem-29588	72	10	development	development	NOUN
fbem-29588	72	11	,	,	PUNCT
fbem-29588	72	12	more	more	ADJ
fbem-29588	72	13	and	and	CCONJ
fbem-29588	72	14	more	more	ADJ
fbem-29588	72	15	investors	investor	NOUN
fbem-29588	72	16	tend	tend	VERB
fbem-29588	72	17	to	to	PART
fbem-29588	72	18	invest	invest	VERB
fbem-29588	72	19	in	in	ADP
fbem-29588	72	20	environmentally	environmentally	ADV
fbem-29588	72	21	friendly	friendly	ADJ
fbem-29588	72	22	financial	financial	ADJ
fbem-29588	72	23	products	product	NOUN
fbem-29588	72	24	.	.	PUNCT
fbem-29588	73	1	institutional	institutional	ADJ
fbem-29588	73	2	investors	investor	NOUN
fbem-29588	73	3	and	and	CCONJ
fbem-29588	73	4	asset	asset	NOUN
fbem-29588	73	5	management	management	NOUN
fbem-29588	73	6	companies	company	NOUN
fbem-29588	73	7	are	be	AUX
fbem-29588	73	8	particularly	particularly	ADV
fbem-29588	73	9	interested	interested	ADJ
fbem-29588	73	10	in	in	ADP
fbem-29588	73	11	investing	invest	VERB
fbem-29588	73	12	funds	fund	NOUN
fbem-29588	73	13	in	in	ADP
fbem-29588	73	14	environmental	environmental	ADJ
fbem-29588	73	15	,	,	PUNCT
fbem-29588	73	16	social	social	ADJ
fbem-29588	73	17	,	,	PUNCT
fbem-29588	73	18	and	and	CCONJ
fbem-29588	73	19	governance	governance	NOUN
fbem-29588	73	20	(	(	PUNCT
fbem-29588	73	21	esg	esg	NOUN
fbem-29588	73	22	)	)	PUNCT
fbem-29588	73	23	investment	investment	NOUN
fbem-29588	73	24	tools	tool	NOUN
fbem-29588	73	25	.	.	PUNCT
fbem-29588	74	1	green	green	ADJ
fbem-29588	74	2	bonds	bond	NOUN
fbem-29588	74	3	attract	attract	VERB
fbem-29588	74	4	these	these	DET
fbem-29588	74	5	investors	investor	NOUN
fbem-29588	74	6	due	due	ADP
fbem-29588	74	7	to	to	ADP
fbem-29588	74	8	their	their	PRON
fbem-29588	74	9	environmental	environmental	ADJ
fbem-29588	74	10	attributes	attribute	NOUN
fbem-29588	74	11	,	,	PUNCT
fbem-29588	74	12	allowing	allow	VERB
fbem-29588	74	13	issuers	issuer	NOUN
fbem-29588	74	14	to	to	PART
fbem-29588	74	15	raise	raise	VERB
fbem-29588	74	16	funds	fund	NOUN
fbem-29588	74	17	at	at	ADP
fbem-29588	74	18	lower	low	ADJ
fbem-29588	74	19	costs	cost	NOUN
fbem-29588	74	20	.	.	PUNCT
fbem-29588	75	1	secondly	secondly	ADV
fbem-29588	75	2	,	,	PUNCT
fbem-29588	75	3	many	many	ADJ
fbem-29588	75	4	governments	government	NOUN
fbem-29588	75	5	have	have	AUX
fbem-29588	75	6	provided	provide	VERB
fbem-29588	75	7	policy	policy	NOUN
fbem-29588	75	8	support	support	NOUN
fbem-29588	75	9	for	for	ADP
fbem-29588	75	10	green	green	ADJ
fbem-29588	75	11	bonds	bond	NOUN
fbem-29588	75	12	,	,	PUNCT
fbem-29588	75	13	such	such	ADJ
fbem-29588	75	14	as	as	ADP
fbem-29588	75	15	tax	tax	NOUN
fbem-29588	75	16	breaks	break	NOUN
fbem-29588	75	17	,	,	PUNCT
fbem-29588	75	18	low	low	ADJ
fbem-29588	75	19	interest	interest	NOUN
fbem-29588	75	20	loans	loan	NOUN
fbem-29588	75	21	,	,	PUNCT
fbem-29588	75	22	and	and	CCONJ
fbem-29588	75	23	green	green	ADJ
fbem-29588	75	24	finance	finance	NOUN
fbem-29588	75	25	incentives	incentive	VERB
fbem-29588	75	26	[	[	X
fbem-29588	75	27	14	14	NUM
fbem-29588	75	28	]	]	PUNCT
fbem-29588	75	29	.	.	PUNCT
fbem-29588	76	1	these	these	DET
fbem-29588	76	2	policies	policy	NOUN
fbem-29588	76	3	have	have	AUX
fbem-29588	76	4	reduced	reduce	VERB
fbem-29588	76	5	the	the	DET
fbem-29588	76	6	financing	financing	NOUN
fbem-29588	76	7	costs	cost	NOUN
fbem-29588	76	8	of	of	ADP
fbem-29588	76	9	enterprises	enterprise	NOUN
fbem-29588	76	10	.	.	PUNCT
fbem-29588	77	1	the	the	DET
fbem-29588	77	2	issuance	issuance	NOUN
fbem-29588	77	3	of	of	ADP
fbem-29588	77	4	green	green	ADJ
fbem-29588	77	5	bonds	bond	NOUN
fbem-29588	77	6	indirectly	indirectly	ADV
fbem-29588	77	7	enhances	enhance	VERB
fbem-29588	77	8	the	the	DET
fbem-29588	77	9	financial	financial	ADJ
fbem-29588	77	10	health	health	NOUN
fbem-29588	77	11	and	and	CCONJ
fbem-29588	77	12	market	market	NOUN
fbem-29588	77	13	competitiveness	competitiveness	NOUN
fbem-29588	77	14	of	of	ADP
fbem-29588	77	15	enterprises	enterprise	NOUN
fbem-29588	77	16	by	by	ADP
fbem-29588	77	17	reducing	reduce	VERB
fbem-29588	77	18	financing	financing	NOUN
fbem-29588	77	19	costs	cost	NOUN
fbem-29588	77	20	,	,	PUNCT
fbem-29588	77	21	improving	improve	VERB
fbem-29588	77	22	corporate	corporate	ADJ
fbem-29588	77	23	social	social	ADJ
fbem-29588	77	24	responsibility	responsibility	NOUN
fbem-29588	77	25	image	image	NOUN
fbem-29588	77	26	,	,	PUNCT
fbem-29588	77	27	enhancing	enhance	VERB
fbem-29588	77	28	risk	risk	NOUN
fbem-29588	77	29	management	management	NOUN
fbem-29588	77	30	,	,	PUNCT
fbem-29588	77	31	and	and	CCONJ
fbem-29588	77	32	improving	improve	VERB
fbem-29588	77	33	capital	capital	NOUN
fbem-29588	77	34	utilization	utilization	NOUN
fbem-29588	77	35	efficiency	efficiency	NOUN
fbem-29588	77	36	.	.	PUNCT
fbem-29588	78	1	based	base	VERB
fbem-29588	78	2	on	on	ADP
fbem-29588	78	3	the	the	DET
fbem-29588	78	4	above	above	ADJ
fbem-29588	78	5	analysis	analysis	NOUN
fbem-29588	78	6	,	,	PUNCT
fbem-29588	78	7	the	the	DET
fbem-29588	78	8	study	study	NOUN
fbem-29588	78	9	can	can	AUX
fbem-29588	78	10	assume	assume	VERB
fbem-29588	78	11	that	that	SCONJ
fbem-29588	78	12	h3	h3	NOUN
fbem-29588	78	13	:	:	PUNCT
fbem-29588	78	14	h3	h3	NOUN
fbem-29588	78	15	:	:	PUNCT
fbem-29588	78	16	green	green	ADJ
fbem-29588	78	17	bond	bond	NOUN
fbem-29588	78	18	issuance	issuance	NOUN
fbem-29588	78	19	can	can	AUX
fbem-29588	78	20	increase	increase	VERB
fbem-29588	78	21	corporate	corporate	ADJ
fbem-29588	78	22	value	value	NOUN
fbem-29588	78	23	by	by	ADP
fbem-29588	78	24	reducing	reduce	VERB
fbem-29588	78	25	financing	financing	NOUN
fbem-29588	78	26	costs	cost	NOUN
fbem-29588	78	27	3	3	NUM
fbem-29588	78	28	.	.	PUNCT
fbem-29588	79	1	analysis	analysis	NOUN
fbem-29588	79	2	of	of	ADP
fbem-29588	79	3	the	the	DET
fbem-29588	79	4	value	value	NOUN
fbem-29588	79	5	enhancement	enhancement	NOUN
fbem-29588	79	6	effect	effect	NOUN
fbem-29588	79	7	of	of	ADP
fbem-29588	79	8	green	green	ADJ
fbem-29588	79	9	bonds	bond	NOUN
fbem-29588	79	10	issued	issue	VERB
fbem-29588	79	11	by	by	ADP
fbem-29588	79	12	listed	list	VERB
fbem-29588	79	13	companies	company	NOUN
fbem-29588	79	14	3.1	3.1	NUM
fbem-29588	79	15	.	.	PUNCT
fbem-29588	80	1	variable	variable	ADJ
fbem-29588	80	2	declaration	declaration	NOUN
fbem-29588	80	3	for	for	ADP
fbem-29588	80	4	the	the	DET
fbem-29588	80	5	dependent	dependent	ADJ
fbem-29588	80	6	variable	variable	ADJ
fbem-29588	80	7	enterprise	enterprise	NOUN
fbem-29588	80	8	value	value	NOUN
fbem-29588	80	9	,	,	PUNCT
fbem-29588	80	10	tobinq	tobinq	PROPN
fbem-29588	80	11	combines	combine	VERB
fbem-29588	80	12	market	market	NOUN
fbem-29588	80	13	value	value	NOUN
fbem-29588	80	14	with	with	ADP
fbem-29588	80	15	asset	asset	NOUN
fbem-29588	80	16	replacement	replacement	NOUN
fbem-29588	80	17	cost	cost	NOUN
fbem-29588	80	18	,	,	PUNCT
fbem-29588	80	19	reflecting	reflect	VERB
fbem-29588	80	20	both	both	CCONJ
fbem-29588	80	21	the	the	DET
fbem-29588	80	22	capital	capital	NOUN
fbem-29588	80	23	market	market	NOUN
fbem-29588	80	24	's	's	PART
fbem-29588	80	25	expectations	expectation	NOUN
fbem-29588	80	26	for	for	ADP
fbem-29588	80	27	future	future	ADJ
fbem-29588	80	28	earnings	earning	NOUN
fbem-29588	80	29	and	and	CCONJ
fbem-29588	80	30	the	the	DET
fbem-29588	80	31	actual	actual	ADJ
fbem-29588	80	32	asset	asset	NOUN
fbem-29588	80	33	situation	situation	NOUN
fbem-29588	80	34	of	of	ADP
fbem-29588	80	35	the	the	DET
fbem-29588	80	36	enterprise	enterprise	NOUN
fbem-29588	80	37	.	.	PUNCT
fbem-29588	81	1	this	this	DET
fbem-29588	81	2	combination	combination	NOUN
fbem-29588	81	3	enables	enable	VERB
fbem-29588	81	4	tobinq	tobinq	ADJ
fbem-29588	81	5	to	to	PART
fbem-29588	81	6	simultaneously	simultaneously	ADV
fbem-29588	81	7	consider	consider	VERB
fbem-29588	81	8	the	the	DET
fbem-29588	81	9	external	external	ADJ
fbem-29588	81	10	evaluation	evaluation	NOUN
fbem-29588	81	11	of	of	ADP
fbem-29588	81	12	the	the	DET
fbem-29588	81	13	market	market	NOUN
fbem-29588	81	14	and	and	CCONJ
fbem-29588	81	15	the	the	DET
fbem-29588	81	16	operational	operational	ADJ
fbem-29588	81	17	efficiency	efficiency	NOUN
fbem-29588	81	18	of	of	ADP
fbem-29588	81	19	internal	internal	ADJ
fbem-29588	81	20	assets	asset	NOUN
fbem-29588	81	21	,	,	PUNCT
fbem-29588	81	22	making	make	VERB
fbem-29588	81	23	it	it	PRON
fbem-29588	81	24	a	a	DET
fbem-29588	81	25	comprehensive	comprehensive	ADJ
fbem-29588	81	26	indicator	indicator	NOUN
fbem-29588	81	27	for	for	ADP
fbem-29588	81	28	measuring	measure	VERB
fbem-29588	81	29	enterprise	enterprise	NOUN
fbem-29588	81	30	value	value	NOUN
fbem-29588	81	31	.	.	PUNCT
fbem-29588	82	1	tobinq	tobinq	PROPN
fbem-29588	82	2	is	be	AUX
fbem-29588	82	3	widely	widely	ADV
fbem-29588	82	4	used	use	VERB
fbem-29588	82	5	in	in	ADP
fbem-29588	82	6	empirical	empirical	ADJ
fbem-29588	82	7	research	research	NOUN
fbem-29588	82	8	as	as	ADP
fbem-29588	82	9	a	a	DET
fbem-29588	82	10	reliable	reliable	ADJ
fbem-29588	82	11	indicator	indicator	NOUN
fbem-29588	82	12	to	to	PART
fbem-29588	82	13	measure	measure	VERB
fbem-29588	82	14	enterprise	enterprise	NOUN
fbem-29588	82	15	value	value	NOUN
fbem-29588	82	16	,	,	PUNCT
fbem-29588	82	17	especially	especially	ADV
fbem-29588	82	18	when	when	SCONJ
fbem-29588	82	19	studying	study	VERB
fbem-29588	82	20	the	the	DET
fbem-29588	82	21	impact	impact	NOUN
fbem-29588	82	22	of	of	ADP
fbem-29588	82	23	enterprise	enterprise	NOUN
fbem-29588	82	24	capital	capital	NOUN
fbem-29588	82	25	structure	structure	NOUN
fbem-29588	82	26	,	,	PUNCT
fbem-29588	82	27	investment	investment	NOUN
fbem-29588	82	28	behavior	behavior	NOUN
fbem-29588	82	29	,	,	PUNCT
fbem-29588	82	30	merger	merger	NOUN
fbem-29588	82	31	and	and	CCONJ
fbem-29588	82	32	acquisition	acquisition	NOUN
fbem-29588	82	33	decisions	decision	NOUN
fbem-29588	82	34	,	,	PUNCT
fbem-29588	82	35	corporate	corporate	ADJ
fbem-29588	82	36	governance	governance	NOUN
fbem-29588	82	37	,	,	PUNCT
fbem-29588	82	38	and	and	CCONJ
fbem-29588	82	39	innovation	innovation	NOUN
fbem-29588	82	40	capabilities	capability	NOUN
fbem-29588	82	41	on	on	ADP
fbem-29588	82	42	enterprise	enterprise	NOUN
fbem-29588	82	43	value	value	NOUN
fbem-29588	82	44	.	.	PUNCT
fbem-29588	83	1	the	the	DET
fbem-29588	83	2	widespread	widespread	ADJ
fbem-29588	83	3	application	application	NOUN
fbem-29588	83	4	of	of	ADP
fbem-29588	83	5	tobinq	tobinq	PROPN
fbem-29588	83	6	stems	stem	VERB
fbem-29588	83	7	from	from	ADP
fbem-29588	83	8	its	its	PRON
fbem-29588	83	9	simplicity	simplicity	NOUN
fbem-29588	83	10	,	,	PUNCT
fbem-29588	83	11	intuitiveness	intuitiveness	NOUN
fbem-29588	83	12	,	,	PUNCT
fbem-29588	83	13	and	and	CCONJ
fbem-29588	83	14	ability	ability	NOUN
fbem-29588	83	15	to	to	PART
fbem-29588	83	16	comprehensively	comprehensively	ADV
fbem-29588	83	17	reflect	reflect	VERB
fbem-29588	83	18	market	market	NOUN
fbem-29588	83	19	and	and	CCONJ
fbem-29588	83	20	business	business	NOUN
fbem-29588	83	21	fundamentals	fundamental	NOUN
fbem-29588	83	22	.	.	PUNCT
fbem-29588	84	1	in	in	ADP
fbem-29588	84	2	terms	term	NOUN
fbem-29588	84	3	of	of	ADP
fbem-29588	84	4	explanatory	explanatory	ADJ
fbem-29588	84	5	variables	variable	NOUN
fbem-29588	84	6	,	,	PUNCT
fbem-29588	84	7	this	this	DET
fbem-29588	84	8	article	article	NOUN
fbem-29588	84	9	referred	refer	VERB
fbem-29588	84	10	to	to	ADP
fbem-29588	84	11	beck	beck	PROPN
fbem-29588	84	12	et	et	PROPN
fbem-29588	84	13	al	al	PROPN
fbem-29588	84	14	.	.	PROPN
fbem-29588	84	15	's	's	PART
fbem-29588	84	16	(	(	PUNCT
fbem-29588	84	17	2010	2010	NUM
fbem-29588	84	18	)	)	PUNCT
fbem-29588	84	19	setting	set	VERB
fbem-29588	84	20	and	and	CCONJ
fbem-29588	84	21	used	use	VERB
fbem-29588	84	22	the	the	DET
fbem-29588	84	23	policy	policy	NOUN
fbem-29588	84	24	treatment	treatment	NOUN
fbem-29588	84	25	variable	variable	NOUN
fbem-29588	84	26	did	do	VERB
fbem-29588	84	27	as	as	ADP
fbem-29588	84	28	the	the	DET
fbem-29588	84	29	core	core	NOUN
fbem-29588	84	30	explanatory	explanatory	ADJ
fbem-29588	84	31	variable	variable	NOUN
fbem-29588	84	32	[	[	X
fbem-29588	84	33	15	15	NUM
fbem-29588	84	34	]	]	PUNCT
fbem-29588	84	35	.	.	PUNCT
fbem-29588	85	1	if	if	SCONJ
fbem-29588	85	2	enterprise	enterprise	NOUN
fbem-29588	85	3	i	i	PRON
fbem-29588	85	4	issues	issue	VERB
fbem-29588	85	5	green	green	ADJ
fbem-29588	85	6	bonds	bond	NOUN
fbem-29588	85	7	in	in	ADP
fbem-29588	85	8	year	year	NOUN
fbem-29588	85	9	t	t	PROPN
fbem-29588	85	10	,	,	PUNCT
fbem-29588	85	11	then	then	ADV
fbem-29588	85	12	in	in	ADP
fbem-29588	85	13	the	the	DET
fbem-29588	85	14	years	year	NOUN
fbem-29588	85	15	after	after	ADP
fbem-29588	85	16	year	year	NOUN
fbem-29588	85	17	t	t	PROPN
fbem-29588	85	18	,	,	PUNCT
fbem-29588	85	19	the	the	DET
fbem-29588	85	20	value	value	NOUN
fbem-29588	85	21	of	of	ADP
fbem-29588	85	22	did	do	AUX
fbem-29588	85	23	is	be	AUX
fbem-29588	85	24	1	1	NUM
fbem-29588	85	25	;	;	PUNCT
fbem-29588	85	26	on	on	ADP
fbem-29588	85	27	the	the	DET
fbem-29588	85	28	contrary	contrary	NOUN
fbem-29588	85	29	,	,	PUNCT
fbem-29588	85	30	it	it	PRON
fbem-29588	85	31	is	be	AUX
fbem-29588	85	32	0	0	NUM
fbem-29588	85	33	.	.	PUNCT
fbem-29588	86	1	meanwhile	meanwhile	ADV
fbem-29588	86	2	,	,	PUNCT
fbem-29588	86	3	the	the	DET
fbem-29588	86	4	interaction	interaction	NOUN
fbem-29588	86	5	term	term	NOUN
fbem-29588	86	6	between	between	ADP
fbem-29588	86	7	the	the	DET
fbem-29588	86	8	policy	policy	NOUN
fbem-29588	86	9	dummy	dummy	ADJ
fbem-29588	86	10	variable	variable	NOUN
fbem-29588	86	11	and	and	CCONJ
fbem-29588	86	12	the	the	DET
fbem-29588	86	13	time	time	NOUN
fbem-29588	86	14	dummy	dummy	ADJ
fbem-29588	86	15	variable	variable	NOUN
fbem-29588	86	16	is	be	AUX
fbem-29588	86	17	taken	take	VERB
fbem-29588	86	18	as	as	ADP
fbem-29588	86	19	the	the	DET
fbem-29588	86	20	dependent	dependent	ADJ
fbem-29588	86	21	variable	variable	NOUN
fbem-29588	86	22	.	.	PUNCT
fbem-29588	87	1	in	in	ADP
fbem-29588	87	2	this	this	DET
fbem-29588	87	3	study	study	NOUN
fbem-29588	87	4	,	,	PUNCT
fbem-29588	87	5	the	the	DET
fbem-29588	87	6	cost	cost	NOUN
fbem-29588	87	7	of	of	ADP
fbem-29588	87	8	debt	debt	NOUN
fbem-29588	87	9	financing	financing	NOUN
fbem-29588	87	10	is	be	AUX
fbem-29588	87	11	considered	consider	VERB
fbem-29588	87	12	as	as	ADP
fbem-29588	87	13	an	an	DET
fbem-29588	87	14	intermediary	intermediary	ADJ
fbem-29588	87	15	channel	channel	NOUN
fbem-29588	87	16	for	for	ADP
fbem-29588	87	17	the	the	DET
fbem-29588	87	18	value	value	NOUN
fbem-29588	87	19	of	of	ADP
fbem-29588	87	20	enterprises	enterprise	NOUN
fbem-29588	87	21	through	through	ADP
fbem-29588	87	22	the	the	DET
fbem-29588	87	23	issuance	issuance	NOUN
fbem-29588	87	24	of	of	ADP
fbem-29588	87	25	green	green	ADJ
fbem-29588	87	26	bonds	bond	NOUN
fbem-29588	87	27	.	.	PUNCT
fbem-29588	88	1	specifically	specifically	ADV
fbem-29588	88	2	,	,	PUNCT
fbem-29588	88	3	the	the	DET
fbem-29588	88	4	issuance	issuance	NOUN
fbem-29588	88	5	of	of	ADP
fbem-29588	88	6	green	green	ADJ
fbem-29588	88	7	bonds	bond	NOUN
fbem-29588	88	8	can	can	AUX
fbem-29588	88	9	usually	usually	ADV
fbem-29588	88	10	help	help	VERB
fbem-29588	88	11	enterprises	enterprise	NOUN
fbem-29588	88	12	obtain	obtain	VERB
fbem-29588	88	13	lower	low	ADJ
fbem-29588	88	14	financing	financing	NOUN
fbem-29588	88	15	costs	cost	NOUN
fbem-29588	88	16	,	,	PUNCT
fbem-29588	88	17	because	because	SCONJ
fbem-29588	88	18	green	green	ADJ
fbem-29588	88	19	bonds	bond	NOUN
fbem-29588	88	20	are	be	AUX
fbem-29588	88	21	popular	popular	ADJ
fbem-29588	88	22	with	with	ADP
fbem-29588	88	23	investors	investor	NOUN
fbem-29588	88	24	,	,	PUNCT
fbem-29588	88	25	the	the	DET
fbem-29588	88	26	market	market	NOUN
fbem-29588	88	27	demand	demand	NOUN
fbem-29588	88	28	is	be	AUX
fbem-29588	88	29	high	high	ADJ
fbem-29588	88	30	,	,	PUNCT
fbem-29588	88	31	and	and	CCONJ
fbem-29588	88	32	the	the	DET
fbem-29588	88	33	interest	interest	NOUN
fbem-29588	88	34	rate	rate	NOUN
fbem-29588	88	35	is	be	AUX
fbem-29588	88	36	usually	usually	ADV
fbem-29588	88	37	lower	low	ADJ
fbem-29588	88	38	than	than	ADP
fbem-29588	88	39	ordinary	ordinary	ADJ
fbem-29588	88	40	bonds	bond	NOUN
fbem-29588	88	41	.	.	PUNCT
fbem-29588	89	1	this	this	DET
fbem-29588	89	2	article	article	NOUN
fbem-29588	89	3	refers	refer	VERB
fbem-29588	89	4	to	to	ADP
fbem-29588	89	5	the	the	DET
fbem-29588	89	6	method	method	NOUN
fbem-29588	89	7	proposed	propose	VERB
fbem-29588	89	8	by	by	ADP
fbem-29588	89	9	li	li	PROPN
fbem-29588	89	10	guangzi	guangzi	PROPN
fbem-29588	89	11	et	et	PROPN
fbem-29588	89	12	al	al	PROPN
fbem-29588	89	13	.	.	PROPN
fbem-29588	90	1	(	(	PUNCT
fbem-29588	90	2	2009	2009	NUM
fbem-29588	90	3	)	)	PUNCT
fbem-29588	91	1	and	and	CCONJ
fbem-29588	91	2	defines	define	VERB
fbem-29588	91	3	the	the	DET
fbem-29588	91	4	cost	cost	NOUN
fbem-29588	91	5	of	of	ADP
fbem-29588	91	6	corporate	corporate	ADJ
fbem-29588	91	7	debt	debt	NOUN
fbem-29588	91	8	financing	financing	NOUN
fbem-29588	91	9	as	as	ADP
fbem-29588	91	10	financial	financial	ADJ
fbem-29588	91	11	expenses	expense	NOUN
fbem-29588	91	12	divided	divide	VERB
fbem-29588	91	13	by	by	ADP
fbem-29588	91	14	total	total	ADJ
fbem-29588	91	15	liabilities	liability	NOUN
fbem-29588	91	16	at	at	ADP
fbem-29588	91	17	the	the	DET
fbem-29588	91	18	end	end	NOUN
fbem-29588	91	19	of	of	ADP
fbem-29588	91	20	the	the	DET
fbem-29588	91	21	period	period	NOUN
fbem-29588	91	22	.	.	PUNCT
fbem-29588	92	1	the	the	DET
fbem-29588	92	2	measurement	measurement	NOUN
fbem-29588	92	3	of	of	ADP
fbem-29588	92	4	green	green	PROPN
fbem-29588	92	5	technology	technology	PROPN
fbem-29588	92	6	innovation	innovation	NOUN
fbem-29588	92	7	performance	performance	NOUN
fbem-29588	92	8	is	be	AUX
fbem-29588	92	9	based	base	VERB
fbem-29588	92	10	on	on	ADP
fbem-29588	92	11	the	the	DET
fbem-29588	92	12	green	green	PROPN
fbem-29588	92	13	patent	patent	NOUN
fbem-29588	92	14	application	application	NOUN
fbem-29588	92	15	status	status	NOUN
fbem-29588	92	16	of	of	ADP
fbem-29588	92	17	enterprises	enterprise	NOUN
fbem-29588	92	18	.	.	PUNCT
fbem-29588	93	1	the	the	DET
fbem-29588	93	2	green	green	PROPN
fbem-29588	93	3	technology	technology	PROPN
fbem-29588	93	4	innovation	innovation	NOUN
fbem-29588	93	5	index	index	NOUN
fbem-29588	93	6	is	be	AUX
fbem-29588	93	7	used	use	VERB
fbem-29588	93	8	to	to	PART
fbem-29588	93	9	measure	measure	VERB
fbem-29588	93	10	the	the	DET
fbem-29588	93	11	innovation	innovation	NOUN
fbem-29588	93	12	input	input	NOUN
fbem-29588	93	13	and	and	CCONJ
fbem-29588	93	14	output	output	NOUN
fbem-29588	93	15	level	level	NOUN
fbem-29588	93	16	of	of	ADP
fbem-29588	93	17	enterprises	enterprise	NOUN
fbem-29588	93	18	in	in	ADP
fbem-29588	93	19	environmentally	environmentally	ADV
fbem-29588	93	20	friendly	friendly	ADJ
fbem-29588	93	21	and	and	CCONJ
fbem-29588	93	22	resource	resource	NOUN
fbem-29588	93	23	efficient	efficient	ADJ
fbem-29588	93	24	technologies	technology	NOUN
fbem-29588	93	25	.	.	PUNCT
fbem-29588	94	1	this	this	DET
fbem-29588	94	2	indicator	indicator	NOUN
fbem-29588	94	3	is	be	AUX
fbem-29588	94	4	usually	usually	ADV
fbem-29588	94	5	based	base	VERB
fbem-29588	94	6	on	on	ADP
fbem-29588	94	7	the	the	DET
fbem-29588	94	8	performance	performance	NOUN
fbem-29588	94	9	of	of	ADP
fbem-29588	94	10	enterprises	enterprise	NOUN
fbem-29588	94	11	in	in	ADP
fbem-29588	94	12	green	green	ADJ
fbem-29588	94	13	patents	patent	NOUN
fbem-29588	94	14	,	,	PUNCT
fbem-29588	94	15	reflecting	reflect	VERB
fbem-29588	94	16	the	the	DET
fbem-29588	94	17	technological	technological	ADJ
fbem-29588	94	18	research	research	NOUN
fbem-29588	94	19	and	and	CCONJ
fbem-29588	94	20	development	development	NOUN
fbem-29588	94	21	achievements	achievement	NOUN
fbem-29588	94	22	of	of	ADP
fbem-29588	94	23	enterprises	enterprise	NOUN
fbem-29588	94	24	in	in	ADP
fbem-29588	94	25	reducing	reduce	VERB
fbem-29588	94	26	pollution	pollution	NOUN
fbem-29588	94	27	,	,	PUNCT
fbem-29588	94	28	energy	energy	NOUN
fbem-29588	94	29	conservation	conservation	NOUN
fbem-29588	94	30	and	and	CCONJ
fbem-29588	94	31	environmental	environmental	ADJ
fbem-29588	94	32	protection	protection	NOUN
fbem-29588	94	33	,	,	PUNCT
fbem-29588	94	34	clean	clean	ADJ
fbem-29588	94	35	energy	energy	NOUN
fbem-29588	94	36	and	and	CCONJ
fbem-29588	94	37	other	other	ADJ
fbem-29588	94	38	aspects	aspect	NOUN
fbem-29588	94	39	.	.	PUNCT
fbem-29588	95	1	in	in	ADP
fbem-29588	95	2	this	this	DET
fbem-29588	95	3	empirical	empirical	ADJ
fbem-29588	95	4	study	study	NOUN
fbem-29588	95	5	,	,	PUNCT
fbem-29588	95	6	the	the	DET
fbem-29588	95	7	logarithm	logarithm	NOUN
fbem-29588	95	8	of	of	ADP
fbem-29588	95	9	the	the	DET
fbem-29588	95	10	sum	sum	NOUN
fbem-29588	95	11	of	of	ADP
fbem-29588	95	12	the	the	DET
fbem-29588	95	13	number	number	NOUN
fbem-29588	95	14	of	of	ADP
fbem-29588	95	15	green	green	ADJ
fbem-29588	95	16	inventions	invention	NOUN
fbem-29588	95	17	and	and	CCONJ
fbem-29588	95	18	the	the	DET
fbem-29588	95	19	number	number	NOUN
fbem-29588	95	20	of	of	ADP
fbem-29588	95	21	green	green	ADJ
fbem-29588	95	22	utility	utility	NOUN
fbem-29588	95	23	models	model	NOUN
fbem-29588	95	24	of	of	ADP
fbem-29588	95	25	enterprises	enterprise	NOUN
fbem-29588	95	26	was	be	AUX
fbem-29588	95	27	used	use	VERB
fbem-29588	95	28	as	as	ADP
fbem-29588	95	29	a	a	DET
fbem-29588	95	30	measure	measure	NOUN
fbem-29588	95	31	of	of	ADP
fbem-29588	95	32	green	green	ADJ
fbem-29588	95	33	technology	technology	NOUN
fbem-29588	95	34	innovation	innovation	NOUN
fbem-29588	95	35	in	in	ADP
fbem-29588	95	36	reference	reference	NOUN
fbem-29588	95	37	to	to	ADP
fbem-29588	95	38	zhang	zhang	PROPN
fbem-29588	95	39	(	(	PUNCT
fbem-29588	95	40	2020	2020	NUM
fbem-29588	95	41	)	)	PUNCT
fbem-29588	96	1	[	[	X
fbem-29588	96	2	16	16	NUM
fbem-29588	96	3	]	]	PUNCT
fbem-29588	96	4	.	.	PUNCT
fbem-29588	97	1	specifically	specifically	ADV
fbem-29588	97	2	,	,	PUNCT
fbem-29588	97	3	first	first	ADV
fbem-29588	97	4	count	count	VERB
fbem-29588	97	5	the	the	DET
fbem-29588	97	6	number	number	NOUN
fbem-29588	97	7	of	of	ADP
fbem-29588	97	8	green	green	ADJ
fbem-29588	97	9	invention	invention	NOUN
fbem-29588	97	10	and	and	CCONJ
fbem-29588	97	11	green	green	ADJ
fbem-29588	97	12	utility	utility	NOUN
fbem-29588	97	13	model	model	NOUN
fbem-29588	97	14	patents	patent	NOUN
fbem-29588	97	15	disclosed	disclose	VERB
fbem-29588	97	16	by	by	ADP
fbem-29588	97	17	each	each	DET
fbem-29588	97	18	enterprise	enterprise	NOUN
fbem-29588	97	19	during	during	ADP
fbem-29588	97	20	the	the	DET
fbem-29588	97	21	sample	sample	NOUN
fbem-29588	97	22	period	period	NOUN
fbem-29588	97	23	,	,	PUNCT
fbem-29588	97	24	then	then	ADV
fbem-29588	97	25	add	add	VERB
fbem-29588	97	26	the	the	DET
fbem-29588	97	27	two	two	NUM
fbem-29588	97	28	and	and	CCONJ
fbem-29588	97	29	take	take	VERB
fbem-29588	97	30	the	the	DET
fbem-29588	97	31	logarithm	logarithm	NOUN
fbem-29588	97	32	to	to	PART
fbem-29588	97	33	obtain	obtain	VERB
fbem-29588	97	34	the	the	DET
fbem-29588	97	35	green	green	ADJ
fbem-29588	97	36	technology	technology	PROPN
fbem-29588	97	37	innovation	innovation	NOUN
fbem-29588	97	38	index	index	NOUN
fbem-29588	97	39	.	.	PUNCT
fbem-29588	98	1	this	this	DET
fbem-29588	98	2	method	method	NOUN
fbem-29588	98	3	can	can	AUX
fbem-29588	98	4	effectively	effectively	ADV
fbem-29588	98	5	reflect	reflect	VERB
fbem-29588	98	6	the	the	DET
fbem-29588	98	7	r&d	r&d	NOUN
fbem-29588	98	8	investment	investment	NOUN
fbem-29588	98	9	and	and	CCONJ
fbem-29588	98	10	innovation	innovation	NOUN
fbem-29588	98	11	output	output	NOUN
fbem-29588	98	12	of	of	ADP
fbem-29588	98	13	enterprises	enterprise	NOUN
fbem-29588	98	14	in	in	ADP
fbem-29588	98	15	green	green	ADJ
fbem-29588	98	16	technology	technology	NOUN
fbem-29588	98	17	,	,	PUNCT
fbem-29588	98	18	facilitating	facilitate	VERB
fbem-29588	98	19	further	further	ADJ
fbem-29588	98	20	analysis	analysis	NOUN
fbem-29588	98	21	of	of	ADP
fbem-29588	98	22	the	the	DET
fbem-29588	98	23	impact	impact	NOUN
fbem-29588	98	24	of	of	ADP
fbem-29588	98	25	green	green	ADJ
fbem-29588	98	26	bond	bond	NOUN
fbem-29588	98	27	issuance	issuance	NOUN
fbem-29588	98	28	on	on	ADP
fbem-29588	98	29	enterprise	enterprise	NOUN
fbem-29588	98	30	green	green	ADJ
fbem-29588	98	31	technology	technology	NOUN
fbem-29588	98	32	innovation	innovation	NOUN
fbem-29588	98	33	.	.	PUNCT
fbem-29588	99	1	in	in	ADP
fbem-29588	99	2	terms	term	NOUN
fbem-29588	99	3	of	of	ADP
fbem-29588	99	4	control	control	NOUN
fbem-29588	99	5	variables	variable	NOUN
fbem-29588	99	6	,	,	PUNCT
fbem-29588	99	7	in	in	ADP
fbem-29588	99	8	this	this	DET
fbem-29588	99	9	study	study	NOUN
fbem-29588	99	10	,	,	PUNCT
fbem-29588	99	11	a	a	DET
fbem-29588	99	12	series	series	NOUN
fbem-29588	99	13	of	of	ADP
fbem-29588	99	14	control	control	NOUN
fbem-29588	99	15	variables	variable	NOUN
fbem-29588	99	16	were	be	AUX
fbem-29588	99	17	introduced	introduce	VERB
fbem-29588	99	18	to	to	PART
fbem-29588	99	19	ensure	ensure	VERB
fbem-29588	99	20	the	the	DET
fbem-29588	99	21	robustness	robustness	NOUN
fbem-29588	99	22	and	and	CCONJ
fbem-29588	99	23	accuracy	accuracy	NOUN
fbem-29588	99	24	of	of	ADP
fbem-29588	99	25	the	the	DET
fbem-29588	99	26	analysis	analysis	NOUN
fbem-29588	99	27	results	result	NOUN
fbem-29588	99	28	,	,	PUNCT
fbem-29588	99	29	in	in	ADP
fbem-29588	99	30	order	order	NOUN
fbem-29588	99	31	to	to	PART
fbem-29588	99	32	reduce	reduce	VERB
fbem-29588	99	33	the	the	DET
fbem-29588	99	34	interference	interference	NOUN
fbem-29588	99	35	of	of	ADP
fbem-29588	99	36	other	other	ADJ
fbem-29588	99	37	factors	factor	NOUN
fbem-29588	99	38	that	that	PRON
fbem-29588	99	39	may	may	AUX
fbem-29588	99	40	affect	affect	VERB
fbem-29588	99	41	enterprise	enterprise	NOUN
fbem-29588	99	42	value	value	NOUN
fbem-29588	99	43	on	on	ADP
fbem-29588	99	44	the	the	DET
fbem-29588	99	45	research	research	NOUN
fbem-29588	99	46	results	result	NOUN
fbem-29588	99	47	.	.	PUNCT
fbem-29588	100	1	this	this	DET
fbem-29588	100	2	article	article	NOUN
fbem-29588	100	3	selected	select	VERB
fbem-29588	100	4	some	some	DET
fbem-29588	100	5	control	control	NOUN
fbem-29588	100	6	variables	variable	NOUN
fbem-29588	100	7	that	that	PRON
fbem-29588	100	8	have	have	VERB
fbem-29588	100	9	potential	potential	ADJ
fbem-29588	100	10	causal	causal	ADJ
fbem-29588	100	11	relationships	relationship	NOUN
fbem-29588	100	12	with	with	ADP
fbem-29588	100	13	tobinq	tobinq	NOUN
fbem-29588	100	14	,	,	PUNCT
fbem-29588	100	15	as	as	SCONJ
fbem-29588	100	16	shown	show	VERB
fbem-29588	100	17	in	in	ADP
fbem-29588	100	18	the	the	DET
fbem-29588	100	19	table	table	NOUN
fbem-29588	100	20	1	1	NUM
fbem-29588	100	21	below	below	ADV
fbem-29588	100	22	.	.	PUNCT
fbem-29588	101	1	table	table	NOUN
fbem-29588	101	2	1	1	NUM
fbem-29588	101	3	.	.	PUNCT
fbem-29588	102	1	control	control	NOUN
fbem-29588	102	2	variable	variable	ADJ
fbem-29588	102	3	table	table	NOUN
fbem-29588	102	4	variable	variable	ADJ
fbem-29588	102	5	variable	variable	ADJ
fbem-29588	102	6	name	name	NOUN
fbem-29588	102	7	variable	variable	ADJ
fbem-29588	102	8	symbol	symbol	NOUN
fbem-29588	102	9	explained	explain	VERB
fbem-29588	102	10	variable	variable	ADJ
fbem-29588	102	11	tobin	tobin	PROPN
fbem-29588	102	12	q	q	PROPN
fbem-29588	102	13	tobin	tobin	PROPN
fbem-29588	102	14	q	q	PROPN
fbem-29588	102	15	explanatory	explanatory	ADJ
fbem-29588	102	16	variable	variable	ADJ
fbem-29588	102	17	policy	policy	NOUN
fbem-29588	102	18	handling	handling	NOUN
fbem-29588	102	19	variables	variable	NOUN
fbem-29588	102	20	did	do	VERB
fbem-29588	102	21	intermediary	intermediary	ADJ
fbem-29588	102	22	variable	variable	ADJ
fbem-29588	102	23	finance	finance	NOUN
fbem-29588	102	24	costs	cost	VERB
fbem-29588	102	25	cost	cost	NOUN
fbem-29588	102	26	control	control	NOUN
fbem-29588	102	27	variable	variable	ADJ
fbem-29588	102	28	enterprise	enterprise	NOUN
fbem-29588	102	29	growth	growth	NOUN
fbem-29588	102	30	growth	growth	NOUN
fbem-29588	102	31	return	return	NOUN
fbem-29588	102	32	on	on	ADP
fbem-29588	102	33	total	total	ADJ
fbem-29588	102	34	assets	asset	NOUN
fbem-29588	102	35	roa	roa	PROPN
fbem-29588	102	36	total	total	ADJ
fbem-29588	102	37	asset	asset	NOUN
fbem-29588	102	38	turnover	turnover	NOUN
fbem-29588	102	39	ato	ato	NOUN
fbem-29588	102	40	financial	financial	ADJ
fbem-29588	102	41	leverage	leverage	NOUN
fbem-29588	102	42	lev	lev	NOUN
fbem-29588	102	43	company	company	NOUN
fbem-29588	102	44	size	size	NOUN
fbem-29588	102	45	size	size	NOUN
fbem-29588	102	46	firm	firm	NOUN
fbem-29588	102	47	age	age	NOUN
fbem-29588	102	48	firmage	firmage	NOUN
fbem-29588	102	49	cash	cash	NOUN
fbem-29588	102	50	flow	flow	NOUN
fbem-29588	102	51	ratio	ratio	NOUN
fbem-29588	102	52	cashflow	cashflow	ADJ
fbem-29588	102	53	ownership	ownership	NOUN
fbem-29588	102	54	concentration	concentration	NOUN
fbem-29588	102	55	top1	top1	PROPN
fbem-29588	102	56	board	board	PROPN
fbem-29588	102	57	size	size	NOUN
fbem-29588	102	58	board	board	NOUN
fbem-29588	102	59	proportion	proportion	NOUN
fbem-29588	102	60	of	of	ADP
fbem-29588	102	61	independent	independent	ADJ
fbem-29588	102	62	directors	director	NOUN
fbem-29588	102	63	indep	indep	NOUN
fbem-29588	102	64	3.2	3.2	NUM
fbem-29588	102	65	.	.	PUNCT
fbem-29588	103	1	variable	variable	ADJ
fbem-29588	103	2	declaration	declaration	NOUN
fbem-29588	103	3	the	the	DET
fbem-29588	103	4	multi	multi	ADJ
fbem-29588	103	5	period	period	NOUN
fbem-29588	103	6	double	double	ADJ
fbem-29588	103	7	difference	difference	NOUN
fbem-29588	103	8	model	model	NOUN
fbem-29588	103	9	is	be	AUX
fbem-29588	103	10	a	a	DET
fbem-29588	103	11	commonly	commonly	ADV
fbem-29588	103	12	used	use	VERB
fbem-29588	103	13	empirical	empirical	ADJ
fbem-29588	103	14	analysis	analysis	NOUN
fbem-29588	103	15	method	method	NOUN
fbem-29588	103	16	for	for	ADP
fbem-29588	103	17	evaluating	evaluate	VERB
fbem-29588	103	18	the	the	DET
fbem-29588	103	19	impact	impact	NOUN
fbem-29588	103	20	of	of	ADP
fbem-29588	103	21	policy	policy	NOUN
fbem-29588	103	22	interventions	intervention	NOUN
fbem-29588	103	23	or	or	CCONJ
fbem-29588	103	24	specific	specific	ADJ
fbem-29588	103	25	events	event	NOUN
fbem-29588	103	26	on	on	ADP
fbem-29588	103	27	sample	sample	NOUN
fbem-29588	103	28	and	and	CCONJ
fbem-29588	103	29	control	control	NOUN
fbem-29588	103	30	groups	group	NOUN
fbem-29588	103	31	.	.	PUNCT
fbem-29588	104	1	unlike	unlike	ADP
fbem-29588	104	2	traditional	traditional	ADJ
fbem-29588	104	3	two	two	NUM
fbem-29588	104	4	-	-	PUNCT
fbem-29588	104	5	stage	stage	NOUN
fbem-29588	104	6	did	do	AUX
fbem-29588	104	7	models	model	NOUN
fbem-29588	104	8	,	,	PUNCT
fbem-29588	104	9	multi	multi	ADJ
fbem-29588	104	10	-	-	ADJ
fbem-29588	104	11	stage	stage	ADJ
fbem-29588	104	12	did	do	AUX
fbem-29588	104	13	models	model	NOUN
fbem-29588	104	14	can	can	AUX
fbem-29588	104	15	handle	handle	VERB
fbem-29588	104	16	situations	situation	NOUN
fbem-29588	104	17	where	where	SCONJ
fbem-29588	104	18	events	event	NOUN
fbem-29588	104	19	occur	occur	VERB
fbem-29588	104	20	at	at	ADP
fbem-29588	104	21	different	different	ADJ
fbem-29588	104	22	times	time	NOUN
fbem-29588	104	23	within	within	ADP
fbem-29588	104	24	multiple	multiple	ADJ
fbem-29588	104	25	time	time	NOUN
fbem-29588	104	26	spans	span	NOUN
fbem-29588	104	27	.	.	PUNCT
fbem-29588	105	1	to	to	PART
fbem-29588	105	2	analyze	analyze	VERB
fbem-29588	105	3	the	the	DET
fbem-29588	105	4	impact	impact	NOUN
fbem-29588	105	5	mechanism	mechanism	NOUN
fbem-29588	105	6	of	of	ADP
fbem-29588	105	7	green	green	ADJ
fbem-29588	105	8	bond	bond	NOUN
fbem-29588	105	9	issuance	issuance	NOUN
fbem-29588	105	10	events	event	NOUN
fbem-29588	105	11	on	on	ADP
fbem-29588	105	12	corporate	corporate	ADJ
fbem-29588	105	13	value	value	NOUN
fbem-29588	105	14	and	and	CCONJ
fbem-29588	105	15	avoid	avoid	VERB
fbem-29588	105	16	endogeneity	endogeneity	NOUN
fbem-29588	105	17	issues	issue	NOUN
fbem-29588	105	18	,	,	PUNCT
fbem-29588	105	19	this	this	DET
fbem-29588	105	20	paper	paper	NOUN
fbem-29588	105	21	refers	refer	VERB
fbem-29588	105	22	to	to	ADP
fbem-29588	105	23	the	the	DET
fbem-29588	105	24	multi	multi	ADJ
fbem-29588	105	25	period	period	NOUN
fbem-29588	105	26	double	double	ADJ
fbem-29588	105	27	difference	difference	NOUN
fbem-29588	105	28	model	model	NOUN
fbem-29588	105	29	proposed	propose	VERB
fbem-29588	105	30	by	by	ADP
fbem-29588	105	31	beck	beck	PROPN
fbem-29588	105	32	et	et	PROPN
fbem-29588	105	33	al	al	PROPN
fbem-29588	105	34	.	.	PROPN
fbem-29588	106	1	(	(	PUNCT
fbem-29588	106	2	2010	2010	NUM
fbem-29588	106	3	)	)	PUNCT
fbem-29588	107	1	and	and	CCONJ
fbem-29588	107	2	constructs	construct	VERB
fbem-29588	107	3	the	the	DET
fbem-29588	107	4	following	follow	VERB
fbem-29588	107	5	equation	equation	NOUN
fbem-29588	107	6	[	[	X
fbem-29588	107	7	15	15	NUM
fbem-29588	107	8	]	]	SYM
fbem-29588	107	9	:	:	PUNCT
fbem-29588	107	10	(	(	PUNCT
fbem-29588	107	11	1	1	X
fbem-29588	107	12	)	)	PUNCT
fbem-29588	107	13	in	in	ADP
fbem-29588	107	14	the	the	DET
fbem-29588	107	15	model	model	NOUN
fbem-29588	107	16	,	,	PUNCT
fbem-29588	107	17	tobinq	tobinq	PROPN
fbem-29588	107	18	represents	represent	VERB
fbem-29588	107	19	enterprise	enterprise	NOUN
fbem-29588	107	20	value	value	NOUN
fbem-29588	107	21	,	,	PUNCT
fbem-29588	107	22	constant	constant	ADJ
fbem-29588	107	23	66	66	NUM
fbem-29588	107	24	term	term	NOUN
fbem-29588	107	25	,	,	PUNCT
fbem-29588	107	26	policy	policy	NOUN
fbem-29588	107	27	treatment	treatment	NOUN
fbem-29588	107	28	variable	variable	NOUN
fbem-29588	107	29	for	for	ADP
fbem-29588	107	30	green	green	ADJ
fbem-29588	107	31	bonds	bond	NOUN
fbem-29588	107	32	,	,	PUNCT
fbem-29588	107	33	control	control	NOUN
fbem-29588	107	34	variable	variable	NOUN
fbem-29588	107	35	,	,	PUNCT
fbem-29588	107	36	and	and	CCONJ
fbem-29588	107	37	individual	individual	ADJ
fbem-29588	107	38	fixed	fix	VERB
fbem-29588	107	39	effects	effect	NOUN
fbem-29588	107	40	,	,	PUNCT
fbem-29588	107	41	which	which	PRON
fbem-29588	107	42	are	be	AUX
fbem-29588	107	43	used	use	VERB
fbem-29588	107	44	to	to	PART
fbem-29588	107	45	control	control	VERB
fbem-29588	107	46	for	for	ADP
fbem-29588	107	47	the	the	DET
fbem-29588	107	48	heterogeneity	heterogeneity	NOUN
fbem-29588	107	49	of	of	ADP
fbem-29588	107	50	enterprises	enterprise	NOUN
fbem-29588	107	51	that	that	PRON
fbem-29588	107	52	do	do	AUX
fbem-29588	107	53	not	not	PART
fbem-29588	107	54	change	change	VERB
fbem-29588	107	55	over	over	ADP
fbem-29588	107	56	time	time	NOUN
fbem-29588	107	57	.	.	PUNCT
fbem-29588	108	1	represents	represent	VERB
fbem-29588	108	2	the	the	DET
fbem-29588	108	3	fixed	fix	VERB
fbem-29588	108	4	time	time	NOUN
fbem-29588	108	5	effect	effect	NOUN
fbem-29588	108	6	,	,	PUNCT
fbem-29588	108	7	used	use	VERB
fbem-29588	108	8	to	to	PART
fbem-29588	108	9	control	control	VERB
fbem-29588	108	10	the	the	DET
fbem-29588	108	11	time	time	NOUN
fbem-29588	108	12	effect	effect	NOUN
fbem-29588	108	13	of	of	ADP
fbem-29588	108	14	all	all	DET
fbem-29588	108	15	enterprises	enterprise	NOUN
fbem-29588	108	16	in	in	ADP
fbem-29588	108	17	different	different	ADJ
fbem-29588	108	18	years	year	NOUN
fbem-29588	108	19	.	.	PUNCT
fbem-29588	109	1	represents	represent	VERB
fbem-29588	109	2	the	the	DET
fbem-29588	109	3	error	error	NOUN
fbem-29588	109	4	term	term	NOUN
fbem-29588	109	5	.	.	PUNCT
fbem-29588	110	1	in	in	ADP
fbem-29588	110	2	terms	term	NOUN
fbem-29588	110	3	of	of	ADP
fbem-29588	110	4	testing	test	VERB
fbem-29588	110	5	enterprise	enterprise	NOUN
fbem-29588	110	6	heterogeneity	heterogeneity	NOUN
fbem-29588	110	7	,	,	PUNCT
fbem-29588	110	8	this	this	DET
fbem-29588	110	9	article	article	NOUN
fbem-29588	110	10	uses	use	VERB
fbem-29588	110	11	group	group	NOUN
fbem-29588	110	12	regression	regression	NOUN
fbem-29588	110	13	to	to	PART
fbem-29588	110	14	test	test	VERB
fbem-29588	110	15	the	the	DET
fbem-29588	110	16	hypothesis	hypothesis	NOUN
fbem-29588	110	17	testing	test	VERB
fbem-29588	110	18	part	part	NOUN
fbem-29588	110	19	of	of	ADP
fbem-29588	110	20	enterprise	enterprise	NOUN
fbem-29588	110	21	heterogeneity	heterogeneity	NOUN
fbem-29588	110	22	,	,	PUNCT
fbem-29588	110	23	examining	examine	VERB
fbem-29588	110	24	the	the	DET
fbem-29588	110	25	moderating	moderate	VERB
fbem-29588	110	26	effect	effect	NOUN
fbem-29588	110	27	of	of	ADP
fbem-29588	110	28	different	different	ADJ
fbem-29588	110	29	enterprise	enterprise	NOUN
fbem-29588	110	30	characteristics	characteristic	NOUN
fbem-29588	110	31	on	on	ADP
fbem-29588	110	32	the	the	DET
fbem-29588	110	33	relationship	relationship	NOUN
fbem-29588	110	34	between	between	ADP
fbem-29588	110	35	green	green	ADJ
fbem-29588	110	36	bond	bond	NOUN
fbem-29588	110	37	issuance	issuance	NOUN
fbem-29588	110	38	and	and	CCONJ
fbem-29588	110	39	enterprise	enterprise	NOUN
fbem-29588	110	40	value	value	NOUN
fbem-29588	110	41	,	,	PUNCT
fbem-29588	110	42	including	include	VERB
fbem-29588	110	43	the	the	DET
fbem-29588	110	44	moderating	moderate	VERB
fbem-29588	110	45	effect	effect	NOUN
fbem-29588	110	46	of	of	ADP
fbem-29588	110	47	pollution	pollution	NOUN
fbem-29588	110	48	industry	industry	NOUN
fbem-29588	110	49	attributes	attribute	NOUN
fbem-29588	110	50	,	,	PUNCT
fbem-29588	110	51	industry	industry	NOUN
fbem-29588	110	52	regions	region	NOUN
fbem-29588	110	53	,	,	PUNCT
fbem-29588	110	54	and	and	CCONJ
fbem-29588	110	55	enterprise	enterprise	NOUN
fbem-29588	110	56	property	property	NOUN
fbem-29588	110	57	rights	right	NOUN
fbem-29588	110	58	on	on	ADP
fbem-29588	110	59	the	the	DET
fbem-29588	110	60	impact	impact	NOUN
fbem-29588	110	61	of	of	ADP
fbem-29588	110	62	green	green	ADJ
fbem-29588	110	63	bonds	bond	NOUN
fbem-29588	110	64	on	on	ADP
fbem-29588	110	65	enterprise	enterprise	NOUN
fbem-29588	110	66	value	value	NOUN
fbem-29588	110	67	.	.	PUNCT
fbem-29588	111	1	in	in	ADP
fbem-29588	111	2	terms	term	NOUN
fbem-29588	111	3	of	of	ADP
fbem-29588	111	4	the	the	DET
fbem-29588	111	5	mediation	mediation	NOUN
fbem-29588	111	6	effect	effect	NOUN
fbem-29588	111	7	model	model	NOUN
fbem-29588	111	8	,	,	PUNCT
fbem-29588	111	9	this	this	DET
fbem-29588	111	10	article	article	NOUN
fbem-29588	111	11	refers	refer	VERB
fbem-29588	111	12	to	to	ADP
fbem-29588	111	13	the	the	DET
fbem-29588	111	14	method	method	NOUN
fbem-29588	111	15	proposed	propose	VERB
fbem-29588	111	16	by	by	ADP
fbem-29588	111	17	baron	baron	NOUN
fbem-29588	111	18	(	(	PUNCT
fbem-29588	111	19	1986	1986	NUM
fbem-29588	111	20	)	)	PUNCT
fbem-29588	112	1	[	[	X
fbem-29588	112	2	17	17	NUM
fbem-29588	112	3	]	]	PUNCT
fbem-29588	112	4	to	to	PART
fbem-29588	112	5	test	test	VERB
fbem-29588	112	6	whether	whether	SCONJ
fbem-29588	112	7	financing	financing	NOUN
fbem-29588	112	8	costs	cost	NOUN
fbem-29588	112	9	and	and	CCONJ
fbem-29588	112	10	green	green	ADJ
fbem-29588	112	11	technology	technology	NOUN
fbem-29588	112	12	innovation	innovation	NOUN
fbem-29588	112	13	performance	performance	NOUN
fbem-29588	112	14	play	play	VERB
fbem-29588	112	15	a	a	DET
fbem-29588	112	16	mediating	mediate	VERB
fbem-29588	112	17	role	role	NOUN
fbem-29588	112	18	between	between	ADP
fbem-29588	112	19	green	green	ADJ
fbem-29588	112	20	bond	bond	NOUN
fbem-29588	112	21	issuance	issuance	NOUN
fbem-29588	112	22	and	and	CCONJ
fbem-29588	112	23	corporate	corporate	ADJ
fbem-29588	112	24	value	value	NOUN
fbem-29588	112	25	.	.	PUNCT
fbem-29588	113	1	(	(	PUNCT
fbem-29588	113	2	2	2	X
fbem-29588	113	3	)	)	PUNCT
fbem-29588	113	4	(	(	PUNCT
fbem-29588	113	5	3	3	X
fbem-29588	113	6	)	)	PUNCT
fbem-29588	113	7	(	(	PUNCT
fbem-29588	113	8	4	4	X
fbem-29588	113	9	)	)	PUNCT
fbem-29588	113	10	equation	equation	NOUN
fbem-29588	113	11	(	(	PUNCT
fbem-29588	113	12	2	2	X
fbem-29588	113	13	)	)	PUNCT
fbem-29588	113	14	is	be	AUX
fbem-29588	113	15	used	use	VERB
fbem-29588	113	16	to	to	PART
fbem-29588	113	17	test	test	VERB
fbem-29588	113	18	the	the	DET
fbem-29588	113	19	direct	direct	ADJ
fbem-29588	113	20	impact	impact	NOUN
fbem-29588	113	21	of	of	ADP
fbem-29588	113	22	green	green	ADJ
fbem-29588	113	23	bond	bond	NOUN
fbem-29588	113	24	issuance	issuance	NOUN
fbem-29588	113	25	events	event	NOUN
fbem-29588	113	26	on	on	ADP
fbem-29588	113	27	enterprise	enterprise	NOUN
fbem-29588	113	28	value	value	NOUN
fbem-29588	113	29	,	,	PUNCT
fbem-29588	113	30	where	where	SCONJ
fbem-29588	113	31	enterprise	enterprise	NOUN
fbem-29588	113	32	value	value	NOUN
fbem-29588	113	33	is	be	AUX
fbem-29588	113	34	taken	take	VERB
fbem-29588	113	35	as	as	ADP
fbem-29588	113	36	variables	variable	NOUN
fbem-29588	113	37	such	such	ADJ
fbem-29588	113	38	as	as	ADP
fbem-29588	113	39	tobin	tobin	PROPN
fbem-29588	113	40	q	q	NOUN
fbem-29588	113	41	or	or	CCONJ
fbem-29588	113	42	enterprise	enterprise	NOUN
fbem-29588	113	43	market	market	NOUN
fbem-29588	113	44	value	value	NOUN
fbem-29588	113	45	.	.	PUNCT
fbem-29588	114	1	equation	equation	NOUN
fbem-29588	114	2	(	(	PUNCT
fbem-29588	114	3	3	3	X
fbem-29588	114	4	)	)	PUNCT
fbem-29588	114	5	is	be	AUX
fbem-29588	114	6	used	use	VERB
fbem-29588	114	7	to	to	PART
fbem-29588	114	8	test	test	VERB
fbem-29588	114	9	the	the	DET
fbem-29588	114	10	impact	impact	NOUN
fbem-29588	114	11	of	of	ADP
fbem-29588	114	12	green	green	ADJ
fbem-29588	114	13	bond	bond	NOUN
fbem-29588	114	14	issuance	issuance	NOUN
fbem-29588	114	15	on	on	ADP
fbem-29588	114	16	the	the	DET
fbem-29588	114	17	mediating	mediating	NOUN
fbem-29588	114	18	variables	variable	NOUN
fbem-29588	114	19	,	,	PUNCT
fbem-29588	114	20	which	which	PRON
fbem-29588	114	21	are	be	AUX
fbem-29588	114	22	financing	finance	VERB
fbem-29588	114	23	costs	cost	NOUN
fbem-29588	114	24	and	and	CCONJ
fbem-29588	114	25	green	green	ADJ
fbem-29588	114	26	technology	technology	NOUN
fbem-29588	114	27	innovation	innovation	NOUN
fbem-29588	114	28	performance	performance	NOUN
fbem-29588	114	29	.	.	PUNCT
fbem-29588	115	1	among	among	ADP
fbem-29588	115	2	them	they	PRON
fbem-29588	115	3	,	,	PUNCT
fbem-29588	115	4	financing	financing	NOUN
fbem-29588	115	5	costs	cost	NOUN
fbem-29588	115	6	are	be	AUX
fbem-29588	115	7	represented	represent	VERB
fbem-29588	115	8	by	by	ADP
fbem-29588	115	9	the	the	DET
fbem-29588	115	10	ratio	ratio	NOUN
fbem-29588	115	11	of	of	ADP
fbem-29588	115	12	corporate	corporate	ADJ
fbem-29588	115	13	financial	financial	ADJ
fbem-29588	115	14	expenses	expense	NOUN
fbem-29588	115	15	to	to	ADP
fbem-29588	115	16	total	total	ADJ
fbem-29588	115	17	liabilities	liability	NOUN
fbem-29588	115	18	at	at	ADP
fbem-29588	115	19	the	the	DET
fbem-29588	115	20	end	end	NOUN
fbem-29588	115	21	of	of	ADP
fbem-29588	115	22	the	the	DET
fbem-29588	115	23	period	period	NOUN
fbem-29588	115	24	,	,	PUNCT
fbem-29588	115	25	while	while	SCONJ
fbem-29588	115	26	green	green	ADJ
fbem-29588	115	27	technology	technology	NOUN
fbem-29588	115	28	innovation	innovation	NOUN
fbem-29588	115	29	performance	performance	NOUN
fbem-29588	115	30	is	be	AUX
fbem-29588	115	31	represented	represent	VERB
fbem-29588	115	32	by	by	ADP
fbem-29588	115	33	the	the	DET
fbem-29588	115	34	logarithm	logarithm	NOUN
fbem-29588	115	35	of	of	ADP
fbem-29588	115	36	the	the	DET
fbem-29588	115	37	sum	sum	NOUN
fbem-29588	115	38	of	of	ADP
fbem-29588	115	39	the	the	DET
fbem-29588	115	40	number	number	NOUN
fbem-29588	115	41	of	of	ADP
fbem-29588	115	42	green	green	ADJ
fbem-29588	115	43	invention	invention	NOUN
fbem-29588	115	44	patents	patent	NOUN
fbem-29588	115	45	and	and	CCONJ
fbem-29588	115	46	the	the	DET
fbem-29588	115	47	number	number	NOUN
fbem-29588	115	48	of	of	ADP
fbem-29588	115	49	green	green	ADJ
fbem-29588	115	50	utility	utility	NOUN
fbem-29588	115	51	model	model	NOUN
fbem-29588	115	52	patents	patent	NOUN
fbem-29588	115	53	.	.	PUNCT
fbem-29588	116	1	finally	finally	ADV
fbem-29588	116	2	,	,	PUNCT
fbem-29588	116	3	equation	equation	NOUN
fbem-29588	116	4	(	(	PUNCT
fbem-29588	116	5	4	4	X
fbem-29588	116	6	)	)	PUNCT
fbem-29588	116	7	incorporates	incorporate	VERB
fbem-29588	116	8	green	green	ADJ
fbem-29588	116	9	bond	bond	NOUN
fbem-29588	116	10	issuance	issuance	NOUN
fbem-29588	116	11	and	and	CCONJ
fbem-29588	116	12	intermediary	intermediary	ADJ
fbem-29588	116	13	variable	variable	ADJ
fbem-29588	116	14	financing	financing	NOUN
fbem-29588	116	15	costs	cost	NOUN
fbem-29588	116	16	into	into	ADP
fbem-29588	116	17	the	the	DET
fbem-29588	116	18	regression	regression	NOUN
fbem-29588	116	19	equation	equation	NOUN
fbem-29588	116	20	as	as	ADP
fbem-29588	116	21	explanatory	explanatory	ADJ
fbem-29588	116	22	variables	variable	NOUN
fbem-29588	116	23	into	into	ADP
fbem-29588	116	24	the	the	DET
fbem-29588	116	25	model	model	NOUN
fbem-29588	116	26	to	to	PART
fbem-29588	116	27	determine	determine	VERB
fbem-29588	116	28	the	the	DET
fbem-29588	116	29	significance	significance	NOUN
fbem-29588	116	30	of	of	ADP
fbem-29588	116	31	the	the	DET
fbem-29588	116	32	intermediary	intermediary	ADJ
fbem-29588	116	33	effect	effect	NOUN
fbem-29588	116	34	.	.	PUNCT
fbem-29588	117	1	3.3	3.3	NUM
fbem-29588	117	2	.	.	PUNCT
fbem-29588	118	1	model	model	NOUN
fbem-29588	118	2	analysis	analysis	NOUN
fbem-29588	118	3	results	result	VERB
fbem-29588	118	4	3.3.1	3.3.1	NUM
fbem-29588	118	5	.	.	PUNCT
fbem-29588	118	6	benchmark	benchmark	ADJ
fbem-29588	118	7	regression	regression	NOUN
fbem-29588	118	8	in	in	ADP
fbem-29588	118	9	order	order	NOUN
fbem-29588	118	10	to	to	PART
fbem-29588	118	11	investigate	investigate	VERB
fbem-29588	118	12	the	the	DET
fbem-29588	118	13	impact	impact	NOUN
fbem-29588	118	14	of	of	ADP
fbem-29588	118	15	issuing	issue	VERB
fbem-29588	118	16	green	green	ADJ
fbem-29588	118	17	bonds	bond	NOUN
fbem-29588	118	18	(	(	PUNCT
fbem-29588	118	19	did	do	AUX
fbem-29588	118	20	)	)	PUNCT
fbem-29588	118	21	by	by	ADP
fbem-29588	118	22	enterprises	enterprise	NOUN
fbem-29588	118	23	on	on	ADP
fbem-29588	118	24	their	their	PRON
fbem-29588	118	25	enterprise	enterprise	NOUN
fbem-29588	118	26	value	value	NOUN
fbem-29588	118	27	(	(	PUNCT
fbem-29588	118	28	tobinq	tobinq	ADJ
fbem-29588	118	29	)	)	PUNCT
fbem-29588	118	30	,	,	PUNCT
fbem-29588	118	31	this	this	DET
fbem-29588	118	32	paper	paper	NOUN
fbem-29588	118	33	gradually	gradually	ADV
fbem-29588	118	34	introduces	introduce	VERB
fbem-29588	118	35	fixed	fix	VERB
fbem-29588	118	36	effects	effect	NOUN
fbem-29588	118	37	to	to	PART
fbem-29588	118	38	verify	verify	VERB
fbem-29588	118	39	whether	whether	SCONJ
fbem-29588	118	40	there	there	PRON
fbem-29588	118	41	is	be	VERB
fbem-29588	118	42	a	a	DET
fbem-29588	118	43	difference	difference	NOUN
fbem-29588	118	44	in	in	ADP
fbem-29588	118	45	the	the	DET
fbem-29588	118	46	impact	impact	NOUN
fbem-29588	118	47	of	of	ADP
fbem-29588	118	48	issuing	issue	VERB
fbem-29588	118	49	green	green	ADJ
fbem-29588	118	50	bonds	bond	NOUN
fbem-29588	118	51	on	on	ADP
fbem-29588	118	52	enterprise	enterprise	NOUN
fbem-29588	118	53	value	value	NOUN
fbem-29588	118	54	before	before	ADV
fbem-29588	118	55	and	and	CCONJ
fbem-29588	118	56	after	after	ADP
fbem-29588	118	57	adding	add	VERB
fbem-29588	118	58	fixed	fix	VERB
fbem-29588	118	59	effects	effect	NOUN
fbem-29588	118	60	,	,	PUNCT
fbem-29588	118	61	and	and	CCONJ
fbem-29588	118	62	whether	whether	SCONJ
fbem-29588	118	63	the	the	DET
fbem-29588	118	64	results	result	NOUN
fbem-29588	118	65	are	be	AUX
fbem-29588	118	66	robust	robust	ADJ
fbem-29588	118	67	.	.	PUNCT
fbem-29588	119	1	from	from	ADP
fbem-29588	119	2	the	the	DET
fbem-29588	119	3	regression	regression	NOUN
fbem-29588	119	4	results	result	NOUN
fbem-29588	119	5	in	in	ADP
fbem-29588	119	6	table	table	NOUN
fbem-29588	119	7	2	2	NUM
fbem-29588	119	8	,	,	PUNCT
fbem-29588	119	9	it	it	PRON
fbem-29588	119	10	can	can	AUX
fbem-29588	119	11	be	be	AUX
fbem-29588	119	12	seen	see	VERB
fbem-29588	119	13	that	that	SCONJ
fbem-29588	119	14	the	the	DET
fbem-29588	119	15	regression	regression	NOUN
fbem-29588	119	16	coefficients	coefficient	NOUN
fbem-29588	119	17	of	of	ADP
fbem-29588	119	18	the	the	DET
fbem-29588	119	19	core	core	ADJ
fbem-29588	119	20	explanatory	explanatory	ADJ
fbem-29588	119	21	variable	variable	NOUN
fbem-29588	119	22	did	do	VERB
fbem-29588	119	23	and	and	CCONJ
fbem-29588	119	24	the	the	DET
fbem-29588	119	25	dependent	dependent	ADJ
fbem-29588	119	26	variable	variable	ADJ
fbem-29588	119	27	tobinq	tobinq	NOUN
fbem-29588	119	28	are	be	AUX
fbem-29588	119	29	0.255	0.255	NUM
fbem-29588	119	30	,	,	PUNCT
fbem-29588	119	31	0.232	0.232	NUM
fbem-29588	119	32	,	,	PUNCT
fbem-29588	119	33	and	and	CCONJ
fbem-29588	119	34	0.094	0.094	NUM
fbem-29588	119	35	,	,	PUNCT
fbem-29588	119	36	respectively	respectively	ADV
fbem-29588	119	37	,	,	PUNCT
fbem-29588	119	38	and	and	CCONJ
fbem-29588	119	39	are	be	AUX
fbem-29588	119	40	significantly	significantly	ADV
fbem-29588	119	41	positive	positive	ADJ
fbem-29588	119	42	at	at	ADP
fbem-29588	119	43	the	the	DET
fbem-29588	119	44	1	1	NUM
fbem-29588	119	45	%	%	NOUN
fbem-29588	119	46	level	level	NOUN
fbem-29588	119	47	.	.	PUNCT
fbem-29588	120	1	this	this	PRON
fbem-29588	120	2	indicates	indicate	VERB
fbem-29588	120	3	that	that	SCONJ
fbem-29588	120	4	issuing	issue	VERB
fbem-29588	120	5	green	green	ADJ
fbem-29588	120	6	bonds	bond	NOUN
fbem-29588	120	7	by	by	ADP
fbem-29588	120	8	enterprises	enterprise	NOUN
fbem-29588	120	9	can	can	AUX
fbem-29588	120	10	promote	promote	VERB
fbem-29588	120	11	the	the	DET
fbem-29588	120	12	increase	increase	NOUN
fbem-29588	120	13	of	of	ADP
fbem-29588	120	14	enterprise	enterprise	NOUN
fbem-29588	120	15	value	value	NOUN
fbem-29588	120	16	,	,	PUNCT
fbem-29588	120	17	and	and	CCONJ
fbem-29588	120	18	hypothesis	hypothesis	NOUN
fbem-29588	120	19	h1	h1	NOUN
fbem-29588	120	20	is	be	AUX
fbem-29588	120	21	verified	verify	VERB
fbem-29588	120	22	.	.	PUNCT
fbem-29588	121	1	table	table	NOUN
fbem-29588	121	2	2	2	NUM
fbem-29588	121	3	.	.	PUNCT
fbem-29588	121	4	benchmark	benchmark	NOUN
fbem-29588	121	5	regression	regression	NOUN
fbem-29588	121	6	results	result	VERB
fbem-29588	121	7	variables	variable	NOUN
fbem-29588	121	8	(	(	PUNCT
fbem-29588	121	9	1	1	NUM
fbem-29588	121	10	)	)	PUNCT
fbem-29588	121	11	tobinq	tobinq	NOUN
fbem-29588	121	12	(	(	PUNCT
fbem-29588	121	13	2	2	NUM
fbem-29588	121	14	)	)	PUNCT
fbem-29588	121	15	tobinq	tobinq	NOUN
fbem-29588	121	16	(	(	PUNCT
fbem-29588	121	17	3	3	NUM
fbem-29588	121	18	)	)	PUNCT
fbem-29588	121	19	tobinq	tobinq	NOUN
fbem-29588	121	20	did	do	VERB
fbem-29588	121	21	0.255	0.255	NUM
fbem-29588	121	22	*	*	PUNCT
fbem-29588	121	23	*	*	PUNCT
fbem-29588	121	24	*	*	PUNCT
fbem-29588	121	25	0.232	0.232	NUM
fbem-29588	121	26	*	*	PUNCT
fbem-29588	121	27	*	*	PUNCT
fbem-29588	122	1	*	*	PUNCT
fbem-29588	122	2	0.094	0.094	NUM
fbem-29588	122	3	*	*	PUNCT
fbem-29588	122	4	*	*	PUNCT
fbem-29588	122	5	*	*	PUNCT
fbem-29588	122	6	(	(	PUNCT
fbem-29588	122	7	9.495	9.495	NUM
fbem-29588	122	8	)	)	PUNCT
fbem-29588	122	9	(	(	PUNCT
fbem-29588	122	10	7.694	7.694	NUM
fbem-29588	122	11	)	)	PUNCT
fbem-29588	122	12	(	(	PUNCT
fbem-29588	122	13	2.936	2.936	NUM
fbem-29588	122	14	)	)	PUNCT
fbem-29588	122	15	size	size	NOUN
fbem-29588	123	1	-0.306	-0.306	NOUN
fbem-29588	123	2	*	*	PUNCT
fbem-29588	123	3	*	*	PUNCT
fbem-29588	123	4	*	*	PUNCT
fbem-29588	123	5	-0.466	-0.466	ADJ
fbem-29588	124	1	*	*	PUNCT
fbem-29588	124	2	*	*	PUNCT
fbem-29588	124	3	*	*	PUNCT
fbem-29588	124	4	-0.357	-0.357	ADJ
fbem-29588	124	5	*	*	PUNCT
fbem-29588	124	6	*	*	PUNCT
fbem-29588	124	7	*	*	PUNCT
fbem-29588	124	8	(	(	PUNCT
fbem-29588	124	9	-59.341	-59.341	PROPN
fbem-29588	124	10	)	)	PUNCT
fbem-29588	124	11	(	(	PUNCT
fbem-29588	124	12	-17.728	-17.728	NOUN
fbem-29588	124	13	)	)	PUNCT
fbem-29588	124	14	(	(	PUNCT
fbem-29588	124	15	-14.486	-14.486	X
fbem-29588	124	16	)	)	PUNCT
fbem-29588	124	17	lev	lev	NOUN
fbem-29588	124	18	-0.170	-0.170	PUNCT
fbem-29588	124	19	*	*	PUNCT
fbem-29588	124	20	*	*	PUNCT
fbem-29588	125	1	*	*	NOUN
fbem-29588	126	1	0.419	0.419	NUM
fbem-29588	126	2	*	*	PUNCT
fbem-29588	126	3	*	*	PUNCT
fbem-29588	126	4	*	*	PUNCT
fbem-29588	126	5	0.198	0.198	NUM
fbem-29588	126	6	*	*	PUNCT
fbem-29588	126	7	*	*	PUNCT
fbem-29588	126	8	(	(	PUNCT
fbem-29588	126	9	-4.812	-4.812	ADJ
fbem-29588	126	10	)	)	PUNCT
fbem-29588	126	11	(	(	PUNCT
fbem-29588	126	12	4.958	4.958	NUM
fbem-29588	126	13	)	)	PUNCT
fbem-29588	126	14	(	(	PUNCT
fbem-29588	126	15	2.527	2.527	NUM
fbem-29588	126	16	)	)	PUNCT
fbem-29588	126	17	roa	roa	NOUN
fbem-29588	126	18	2.177	2.177	NUM
fbem-29588	126	19	*	*	NOUN
fbem-29588	126	20	*	*	PUNCT
fbem-29588	126	21	*	*	PUNCT
fbem-29588	126	22	1.584	1.584	NUM
fbem-29588	126	23	*	*	PUNCT
fbem-29588	126	24	*	*	PUNCT
fbem-29588	126	25	*	*	PUNCT
fbem-29588	126	26	1.401	1.401	NUM
fbem-29588	126	27	*	*	PUNCT
fbem-29588	126	28	*	*	PUNCT
fbem-29588	126	29	*	*	PUNCT
fbem-29588	126	30	(	(	PUNCT
fbem-29588	126	31	18.577	18.577	NUM
fbem-29588	126	32	)	)	PUNCT
fbem-29588	126	33	(	(	PUNCT
fbem-29588	126	34	12.552	12.552	NUM
fbem-29588	126	35	)	)	PUNCT
fbem-29588	126	36	(	(	PUNCT
fbem-29588	126	37	12.323	12.323	NUM
fbem-29588	126	38	)	)	PUNCT
fbem-29588	126	39	ato	ato	NOUN
fbem-29588	126	40	0.012	0.012	NUM
fbem-29588	126	41	0.117	0.117	NUM
fbem-29588	126	42	*	*	PUNCT
fbem-29588	126	43	*	*	PUNCT
fbem-29588	126	44	*	*	PUNCT
fbem-29588	126	45	0.181	0.181	NUM
fbem-29588	126	46	*	*	PUNCT
fbem-29588	126	47	*	*	PUNCT
fbem-29588	126	48	*	*	PUNCT
fbem-29588	126	49	(	(	PUNCT
fbem-29588	126	50	1.119	1.119	NUM
fbem-29588	126	51	)	)	PUNCT
fbem-29588	126	52	(	(	PUNCT
fbem-29588	126	53	3.547	3.547	NUM
fbem-29588	126	54	)	)	PUNCT
fbem-29588	126	55	(	(	PUNCT
fbem-29588	126	56	5.691	5.691	NUM
fbem-29588	126	57	)	)	PUNCT
fbem-29588	126	58	cashflow	cashflow	VERB
fbem-29588	126	59	0.479	0.479	NUM
fbem-29588	126	60	*	*	PUNCT
fbem-29588	126	61	*	*	PUNCT
fbem-29588	126	62	*	*	PUNCT
fbem-29588	126	63	0.357	0.357	NUM
fbem-29588	126	64	*	*	PUNCT
fbem-29588	126	65	*	*	PUNCT
fbem-29588	126	66	*	*	PUNCT
fbem-29588	126	67	0.398	0.398	NUM
fbem-29588	126	68	*	*	PUNCT
fbem-29588	126	69	*	*	PUNCT
fbem-29588	126	70	*	*	PUNCT
fbem-29588	126	71	(	(	PUNCT
fbem-29588	126	72	5.218	5.218	NUM
fbem-29588	126	73	)	)	PUNCT
fbem-29588	126	74	(	(	PUNCT
fbem-29588	126	75	4.067	4.067	NUM
fbem-29588	126	76	)	)	PUNCT
fbem-29588	126	77	(	(	PUNCT
fbem-29588	126	78	4.897	4.897	NUM
fbem-29588	126	79	)	)	PUNCT
fbem-29588	126	80	growth	growth	NOUN
fbem-29588	126	81	0.048	0.048	NUM
fbem-29588	126	82	*	*	NOUN
fbem-29588	126	83	*	*	PUNCT
fbem-29588	126	84	*	*	PUNCT
fbem-29588	126	85	-0.001	-0.001	NOUN
fbem-29588	126	86	-0.024	-0.024	PUNCT
fbem-29588	126	87	*	*	NOUN
fbem-29588	126	88	*	*	PUNCT
fbem-29588	126	89	(	(	PUNCT
fbem-29588	126	90	3.467	3.467	NUM
fbem-29588	126	91	)	)	PUNCT
fbem-29588	126	92	(	(	PUNCT
fbem-29588	126	93	-0.079	-0.079	NUM
fbem-29588	126	94	)	)	PUNCT
fbem-29588	126	95	(	(	PUNCT
fbem-29588	126	96	-1.983	-1.983	NUM
fbem-29588	126	97	)	)	PUNCT
fbem-29588	126	98	board	board	NOUN
fbem-29588	126	99	0.130	0.130	NOUN
fbem-29588	126	100	*	*	PUNCT
fbem-29588	126	101	*	*	PUNCT
fbem-29588	126	102	*	*	PUNCT
fbem-29588	126	103	0.104	0.104	NUM
fbem-29588	126	104	0.075	0.075	NUM
fbem-29588	126	105	(	(	PUNCT
fbem-29588	126	106	4.083	4.083	NUM
fbem-29588	126	107	)	)	PUNCT
fbem-29588	126	108	(	(	PUNCT
fbem-29588	126	109	1.569	1.569	NUM
fbem-29588	126	110	)	)	PUNCT
fbem-29588	126	111	(	(	PUNCT
fbem-29588	126	112	1.278	1.278	NUM
fbem-29588	126	113	)	)	PUNCT
fbem-29588	126	114	indep	indep	NOUN
fbem-29588	126	115	0.007	0.007	NUM
fbem-29588	126	116	*	*	PUNCT
fbem-29588	126	117	*	*	PUNCT
fbem-29588	126	118	*	*	PUNCT
fbem-29588	126	119	0.004	0.004	NUM
fbem-29588	126	120	*	*	SYM
fbem-29588	126	121	0.003	0.003	NUM
fbem-29588	126	122	*	*	SYM
fbem-29588	126	123	(	(	PUNCT
fbem-29588	126	124	6.658	6.658	NUM
fbem-29588	126	125	)	)	PUNCT
fbem-29588	126	126	(	(	PUNCT
fbem-29588	126	127	1.752	1.752	NUM
fbem-29588	126	128	)	)	PUNCT
fbem-29588	126	129	(	(	PUNCT
fbem-29588	126	130	1.808	1.808	NUM
fbem-29588	126	131	)	)	PUNCT
fbem-29588	126	132	top1	top1	PROPN
fbem-29588	126	133	-0.028	-0.028	ADJ
fbem-29588	126	134	-0.342	-0.342	PUNCT
fbem-29588	126	135	*	*	PUNCT
fbem-29588	126	136	*	*	PUNCT
fbem-29588	126	137	-0.326	-0.326	PUNCT
fbem-29588	126	138	*	*	PUNCT
fbem-29588	126	139	*	*	PUNCT
fbem-29588	126	140	(	(	PUNCT
fbem-29588	126	141	-0.787	-0.787	ADJ
fbem-29588	126	142	)	)	PUNCT
fbem-29588	126	143	(	(	PUNCT
fbem-29588	126	144	-2.320	-2.320	NOUN
fbem-29588	126	145	)	)	PUNCT
fbem-29588	126	146	(	(	PUNCT
fbem-29588	126	147	-2.326	-2.326	X
fbem-29588	126	148	)	)	PUNCT
fbem-29588	126	149	firmage	firmage	NOUN
fbem-29588	126	150	-0.382	-0.382	PUNCT
fbem-29588	126	151	*	*	PUNCT
fbem-29588	126	152	*	*	PUNCT
fbem-29588	126	153	*	*	PUNCT
fbem-29588	126	154	-1.179	-1.179	PUNCT
fbem-29588	126	155	*	*	PUNCT
fbem-29588	126	156	*	*	PUNCT
fbem-29588	126	157	*	*	PUNCT
fbem-29588	126	158	-0.135	-0.135	PUNCT
fbem-29588	126	159	(	(	PUNCT
fbem-29588	126	160	-19.314	-19.314	NOUN
fbem-29588	126	161	)	)	PUNCT
fbem-29588	126	162	(	(	PUNCT
fbem-29588	126	163	-18.320	-18.320	NOUN
fbem-29588	126	164	)	)	PUNCT
fbem-29588	126	165	(	(	PUNCT
fbem-29588	126	166	-0.679	-0.679	X
fbem-29588	126	167	)	)	PUNCT
fbem-29588	126	168	constant	constant	ADJ
fbem-29588	126	169	9.275	9.275	NUM
fbem-29588	126	170	*	*	PUNCT
fbem-29588	126	171	*	*	PUNCT
fbem-29588	126	172	*	*	PUNCT
fbem-29588	127	1	15.324	15.324	NUM
fbem-29588	127	2	*	*	PUNCT
fbem-29588	127	3	*	*	PUNCT
fbem-29588	127	4	*	*	PUNCT
fbem-29588	127	5	10.344	10.344	NUM
fbem-29588	127	6	*	*	PUNCT
fbem-29588	127	7	*	*	PUNCT
fbem-29588	127	8	*	*	PUNCT
fbem-29588	127	9	(	(	PUNCT
fbem-29588	127	10	69.458	69.458	NUM
fbem-29588	127	11	)	)	PUNCT
fbem-29588	127	12	(	(	PUNCT
fbem-29588	127	13	27.556	27.556	NUM
fbem-29588	127	14	)	)	PUNCT
fbem-29588	127	15	(	(	PUNCT
fbem-29588	127	16	12.927	12.927	NUM
fbem-29588	127	17	)	)	PUNCT
fbem-29588	127	18	observation	observation	NOUN
fbem-29588	127	19	value	value	NOUN
fbem-29588	127	20	14,354	14,354	NUM
fbem-29588	127	21	14,354	14,354	NUM
fbem-29588	127	22	14,354	14,354	NUM
fbem-29588	127	23	r2	r2	NOUN
fbem-29588	127	24	0.335	0.335	NUM
fbem-29588	127	25	0.256	0.256	NUM
fbem-29588	127	26	0.431	0.431	NUM
fbem-29588	127	27	individual	individual	ADJ
fbem-29588	127	28	fixed	fix	VERB
fbem-29588	127	29	effects	effect	NOUN
fbem-29588	128	1	no	no	INTJ
fbem-29588	129	1	yes	yes	INTJ
fbem-29588	129	2	yes	yes	INTJ
fbem-29588	129	3	fixed	fix	VERB
fbem-29588	129	4	year	year	NOUN
fbem-29588	129	5	effect	effect	NOUN
fbem-29588	130	1	no	no	INTJ
fbem-29588	130	2	no	no	INTJ
fbem-29588	130	3	yes	yes	INTJ
fbem-29588	130	4	note	note	NOUN
fbem-29588	130	5	:	:	PUNCT
fbem-29588	130	6	the	the	DET
fbem-29588	130	7	values	value	NOUN
fbem-29588	130	8	in	in	ADP
fbem-29588	130	9	parentheses	parenthesis	NOUN
fbem-29588	130	10	are	be	AUX
fbem-29588	130	11	t	t	NOUN
fbem-29588	130	12	,	,	PUNCT
fbem-29588	130	13	and	and	CCONJ
fbem-29588	130	14	*	*	PUNCT
fbem-29588	130	15	,	,	PUNCT
fbem-29588	130	16	*	*	PUNCT
fbem-29588	130	17	*	*	PUNCT
fbem-29588	130	18	,	,	PUNCT
fbem-29588	130	19	*	*	PUNCT
fbem-29588	130	20	*	*	PUNCT
fbem-29588	130	21	*	*	PUNCT
fbem-29588	130	22	indicate	indicate	VERB
fbem-29588	130	23	significance	significance	NOUN
fbem-29588	130	24	at	at	ADP
fbem-29588	130	25	the	the	DET
fbem-29588	130	26	10	10	NUM
fbem-29588	130	27	%	%	NOUN
fbem-29588	130	28	,	,	PUNCT
fbem-29588	130	29	5	5	NUM
fbem-29588	130	30	%	%	NOUN
fbem-29588	130	31	,	,	PUNCT
fbem-29588	130	32	and	and	CCONJ
fbem-29588	130	33	1	1	NUM
fbem-29588	130	34	%	%	NOUN
fbem-29588	130	35	levels	level	NOUN
fbem-29588	130	36	.	.	PUNCT
fbem-29588	131	1	3.3.2	3.3.2	NUM
fbem-29588	131	2	.	.	X
fbem-29588	131	3	robust	robust	ADJ
fbem-29588	131	4	test	test	NOUN
fbem-29588	131	5	(	(	PUNCT
fbem-29588	131	6	1	1	X
fbem-29588	131	7	)	)	PUNCT
fbem-29588	131	8	parallel	parallel	ADJ
fbem-29588	131	9	trend	trend	NOUN
fbem-29588	131	10	test	test	NOUN
fbem-29588	131	11	from	from	ADP
fbem-29588	131	12	the	the	DET
fbem-29588	131	13	parallel	parallel	ADJ
fbem-29588	131	14	trend	trend	NOUN
fbem-29588	131	15	test	test	NOUN
fbem-29588	131	16	chart	chart	NOUN
fbem-29588	131	17	,	,	PUNCT
fbem-29588	131	18	it	it	PRON
fbem-29588	131	19	can	can	AUX
fbem-29588	131	20	be	be	AUX
fbem-29588	131	21	seen	see	VERB
fbem-29588	131	22	that	that	SCONJ
fbem-29588	131	23	before	before	ADP
fbem-29588	131	24	the	the	DET
fbem-29588	131	25	implementation	implementation	NOUN
fbem-29588	131	26	of	of	ADP
fbem-29588	131	27	the	the	DET
fbem-29588	131	28	policy	policy	NOUN
fbem-29588	131	29	,	,	PUNCT
fbem-29588	131	30	the	the	DET
fbem-29588	131	31	coefficients	coefficient	NOUN
fbem-29588	131	32	of	of	ADP
fbem-29588	131	33	the	the	DET
fbem-29588	131	34	dummy	dummy	ADJ
fbem-29588	131	35	variables	variable	NOUN
fbem-29588	131	36	in	in	ADP
fbem-29588	131	37	the	the	DET
fbem-29588	131	38	previous	previous	ADJ
fbem-29588	131	39	years	year	NOUN
fbem-29588	131	40	all	all	PRON
fbem-29588	131	41	contained	contain	VERB
fbem-29588	131	42	0	0	NUM
fbem-29588	131	43	in	in	ADP
fbem-29588	131	44	the	the	DET
fbem-29588	131	45	95	95	NUM
fbem-29588	131	46	%	%	NOUN
fbem-29588	131	47	confidence	confidence	NOUN
fbem-29588	131	48	interval	interval	NOUN
fbem-29588	131	49	,	,	PUNCT
fbem-29588	131	50	so	so	SCONJ
fbem-29588	131	51	they	they	PRON
fbem-29588	131	52	did	do	AUX
fbem-29588	131	53	not	not	PART
fbem-29588	131	54	pass	pass	VERB
fbem-29588	131	55	the	the	DET
fbem-29588	131	56	significance	significance	NOUN
fbem-29588	131	57	test	test	NOUN
fbem-29588	131	58	.	.	PUNCT
fbem-29588	132	1	this	this	PRON
fbem-29588	132	2	indicates	indicate	VERB
fbem-29588	132	3	that	that	SCONJ
fbem-29588	132	4	there	there	PRON
fbem-29588	132	5	is	be	VERB
fbem-29588	132	6	no	no	DET
fbem-29588	132	7	systematic	systematic	ADJ
fbem-29588	132	8	difference	difference	NOUN
fbem-29588	132	9	between	between	ADP
fbem-29588	132	10	the	the	DET
fbem-29588	132	11	treatment	treatment	NOUN
fbem-29588	132	12	group	group	NOUN
fbem-29588	132	13	and	and	CCONJ
fbem-29588	132	14	the	the	DET
fbem-29588	132	15	control	control	NOUN
fbem-29588	132	16	group	group	NOUN
fbem-29588	132	17	before	before	ADP
fbem-29588	132	18	the	the	DET
fbem-29588	132	19	implementation	implementation	NOUN
fbem-29588	132	20	of	of	ADP
fbem-29588	132	21	the	the	DET
fbem-29588	132	22	policy	policy	NOUN
fbem-29588	132	23	,	,	PUNCT
fbem-29588	132	24	which	which	PRON
fbem-29588	132	25	satisfies	satisfy	VERB
fbem-29588	132	26	the	the	DET
fbem-29588	132	27	parallel	parallel	ADJ
fbem-29588	132	28	trend	trend	NOUN
fbem-29588	132	29	test	test	NOUN
fbem-29588	132	30	.	.	PUNCT
fbem-29588	133	1	after	after	ADP
fbem-29588	133	2	the	the	DET
fbem-29588	133	3	implementation	implementation	NOUN
fbem-29588	133	4	of	of	ADP
fbem-29588	133	5	the	the	DET
fbem-29588	133	6	policy	policy	NOUN
fbem-29588	133	7	,	,	PUNCT
fbem-29588	133	8	it	it	PRON
fbem-29588	133	9	is	be	AUX
fbem-29588	133	10	evident	evident	ADJ
fbem-29588	133	11	that	that	SCONJ
fbem-29588	133	12	the	the	DET
fbem-29588	133	13	dynamic	dynamic	ADJ
fbem-29588	133	14	effects	effect	NOUN
fbem-29588	133	15	of	of	ADP
fbem-29588	133	16	the	the	DET
fbem-29588	133	17	policy	policy	NOUN
fbem-29588	133	18	have	have	VERB
fbem-29588	133	19	a	a	DET
fbem-29588	133	20	significant	significant	ADJ
fbem-29588	133	21	upward	upward	ADJ
fbem-29588	133	22	trend	trend	NOUN
fbem-29588	133	23	and	and	CCONJ
fbem-29588	133	24	can	can	AUX
fbem-29588	133	25	all	all	PRON
fbem-29588	133	26	pass	pass	VERB
fbem-29588	133	27	the	the	DET
fbem-29588	133	28	significance	significance	NOUN
fbem-29588	133	29	test	test	NOUN
fbem-29588	133	30	.	.	PUNCT
fbem-29588	134	1	from	from	ADP
fbem-29588	134	2	the	the	DET
fbem-29588	134	3	perspective	perspective	NOUN
fbem-29588	134	4	of	of	ADP
fbem-29588	134	5	the	the	DET
fbem-29588	134	6	dynamic	dynamic	ADJ
fbem-29588	134	7	effects	effect	NOUN
fbem-29588	134	8	of	of	ADP
fbem-29588	134	9	policies	policy	NOUN
fbem-29588	134	10	,	,	PUNCT
fbem-29588	134	11	the	the	DET
fbem-29588	134	12	issuance	issuance	NOUN
fbem-29588	134	13	of	of	ADP
fbem-29588	134	14	green	green	ADJ
fbem-29588	134	15	bonds	bond	NOUN
fbem-29588	134	16	by	by	ADP
fbem-29588	134	17	enterprises	enterprise	NOUN
fbem-29588	134	18	has	have	VERB
fbem-29588	134	19	a	a	DET
fbem-29588	134	20	positive	positive	ADJ
fbem-29588	134	21	promoting	promote	VERB
fbem-29588	134	22	effect	effect	NOUN
fbem-29588	134	23	on	on	ADP
fbem-29588	134	24	enterprise	enterprise	NOUN
fbem-29588	134	25	value	value	NOUN
fbem-29588	134	26	,	,	PUNCT
fbem-29588	134	27	further	far	ADV
fbem-29588	134	28	verifying	verify	VERB
fbem-29588	134	29	the	the	DET
fbem-29588	134	30	robustness	robustness	NOUN
fbem-29588	134	31	of	of	ADP
fbem-29588	134	32	the	the	DET
fbem-29588	134	33	benchmark	benchmark	NOUN
fbem-29588	134	34	regression	regression	NOUN
fbem-29588	134	35	results	result	NOUN
fbem-29588	134	36	.	.	PUNCT
fbem-29588	135	1	67	67	NUM
fbem-29588	135	2	figure	figure	NOUN
fbem-29588	135	3	1	1	NUM
fbem-29588	135	4	.	.	PUNCT
fbem-29588	135	5	parallel	parallel	ADJ
fbem-29588	135	6	trend	trend	NOUN
fbem-29588	135	7	test	test	NOUN
fbem-29588	135	8	(	(	PUNCT
fbem-29588	135	9	2	2	NUM
fbem-29588	135	10	)	)	PUNCT
fbem-29588	135	11	placebo	placebo	NOUN
fbem-29588	135	12	test	test	NOUN
fbem-29588	135	13	on	on	ADP
fbem-29588	135	14	the	the	DET
fbem-29588	135	15	basis	basis	NOUN
fbem-29588	135	16	of	of	ADP
fbem-29588	135	17	passing	pass	VERB
fbem-29588	135	18	the	the	DET
fbem-29588	135	19	parallel	parallel	ADJ
fbem-29588	135	20	trend	trend	NOUN
fbem-29588	135	21	test	test	NOUN
fbem-29588	135	22	,	,	PUNCT
fbem-29588	135	23	this	this	DET
fbem-29588	135	24	article	article	NOUN
fbem-29588	135	25	further	far	ADV
fbem-29588	135	26	examines	examine	VERB
fbem-29588	135	27	to	to	ADP
fbem-29588	135	28	what	what	DET
fbem-29588	135	29	extent	extent	NOUN
fbem-29588	135	30	the	the	DET
fbem-29588	135	31	benchmark	benchmark	NOUN
fbem-29588	135	32	regression	regression	NOUN
fbem-29588	135	33	results	result	NOUN
fbem-29588	135	34	are	be	AUX
fbem-29588	135	35	affected	affect	VERB
fbem-29588	135	36	by	by	ADP
fbem-29588	135	37	random	random	ADJ
fbem-29588	135	38	factors	factor	NOUN
fbem-29588	135	39	and	and	CCONJ
fbem-29588	135	40	omitted	omit	VERB
fbem-29588	135	41	variables	variable	NOUN
fbem-29588	135	42	through	through	ADP
fbem-29588	135	43	placebo	placebo	NOUN
fbem-29588	135	44	testing	testing	NOUN
fbem-29588	135	45	.	.	PUNCT
fbem-29588	136	1	specifically	specifically	ADV
fbem-29588	136	2	,	,	PUNCT
fbem-29588	136	3	this	this	DET
fbem-29588	136	4	study	study	NOUN
fbem-29588	136	5	randomly	randomly	ADV
fbem-29588	136	6	selected	select	VERB
fbem-29588	136	7	experimental	experimental	ADJ
fbem-29588	136	8	group	group	NOUN
fbem-29588	136	9	samples	sample	NOUN
fbem-29588	136	10	and	and	CCONJ
fbem-29588	136	11	policy	policy	NOUN
fbem-29588	136	12	implementation	implementation	NOUN
fbem-29588	136	13	time	time	NOUN
fbem-29588	136	14	,	,	PUNCT
fbem-29588	136	15	reconstructed	reconstruct	VERB
fbem-29588	136	16	policy	policy	NOUN
fbem-29588	136	17	dummy	dummy	ADJ
fbem-29588	136	18	variables	variable	NOUN
fbem-29588	136	19	,	,	PUNCT
fbem-29588	136	20	and	and	CCONJ
fbem-29588	136	21	then	then	ADV
fbem-29588	136	22	substituted	substitute	VERB
fbem-29588	136	23	the	the	DET
fbem-29588	136	24	reconstructed	reconstructed	ADJ
fbem-29588	136	25	false	false	ADJ
fbem-29588	136	26	policy	policy	NOUN
fbem-29588	136	27	dummy	dummy	ADJ
fbem-29588	136	28	variable	variable	NOUN
fbem-29588	136	29	x	x	PUNCT
fbem-29588	136	30	into	into	ADP
fbem-29588	136	31	the	the	DET
fbem-29588	136	32	benchmark	benchmark	NOUN
fbem-29588	136	33	regression	regression	NOUN
fbem-29588	136	34	model	model	NOUN
fbem-29588	136	35	(	(	PUNCT
fbem-29588	136	36	1	1	NUM
fbem-29588	136	37	)	)	PUNCT
fbem-29588	136	38	for	for	ADP
fbem-29588	136	39	regression	regression	NOUN
fbem-29588	136	40	.	.	PUNCT
fbem-29588	137	1	the	the	DET
fbem-29588	137	2	above	above	ADJ
fbem-29588	137	3	process	process	NOUN
fbem-29588	137	4	was	be	AUX
fbem-29588	137	5	repeated	repeat	VERB
fbem-29588	137	6	500	500	NUM
fbem-29588	137	7	times	time	NOUN
fbem-29588	137	8	,	,	PUNCT
fbem-29588	137	9	and	and	CCONJ
fbem-29588	137	10	finally	finally	ADV
fbem-29588	137	11	a	a	DET
fbem-29588	137	12	regression	regression	NOUN
fbem-29588	137	13	coefficient	coefficient	NOUN
fbem-29588	137	14	distribution	distribution	NOUN
fbem-29588	137	15	map	map	NOUN
fbem-29588	137	16	of	of	ADP
fbem-29588	137	17	x	x	PRON
fbem-29588	137	18	was	be	AUX
fbem-29588	137	19	drawn	draw	VERB
fbem-29588	137	20	for	for	ADP
fbem-29588	137	21	the	the	DET
fbem-29588	137	22	500	500	NUM
fbem-29588	137	23	regression	regression	NOUN
fbem-29588	137	24	processes	process	NOUN
fbem-29588	137	25	.	.	PUNCT
fbem-29588	138	1	from	from	ADP
fbem-29588	138	2	the	the	DET
fbem-29588	138	3	distribution	distribution	NOUN
fbem-29588	138	4	chart	chart	NOUN
fbem-29588	138	5	of	of	ADP
fbem-29588	138	6	the	the	DET
fbem-29588	138	7	estimated	estimate	VERB
fbem-29588	138	8	coefficients	coefficient	NOUN
fbem-29588	138	9	drawn	draw	VERB
fbem-29588	138	10	in	in	ADP
fbem-29588	138	11	figure	figure	NOUN
fbem-29588	138	12	2	2	NUM
fbem-29588	138	13	,	,	PUNCT
fbem-29588	138	14	it	it	PRON
fbem-29588	138	15	can	can	AUX
fbem-29588	138	16	be	be	AUX
fbem-29588	138	17	seen	see	VERB
fbem-29588	138	18	that	that	SCONJ
fbem-29588	138	19	the	the	DET
fbem-29588	138	20	regression	regression	NOUN
fbem-29588	138	21	coefficients	coefficient	NOUN
fbem-29588	138	22	of	of	ADP
fbem-29588	138	23	the	the	DET
fbem-29588	138	24	"	"	PUNCT
fbem-29588	138	25	pseudo	pseudo	NOUN
fbem-29588	138	26	policy	policy	NOUN
fbem-29588	138	27	dummy	dummy	ADJ
fbem-29588	138	28	variable	variable	NOUN
fbem-29588	138	29	"	"	PUNCT
fbem-29588	138	30	are	be	AUX
fbem-29588	138	31	concentrated	concentrate	VERB
fbem-29588	138	32	around	around	ADP
fbem-29588	138	33	0	0	NUM
fbem-29588	138	34	and	and	CCONJ
fbem-29588	138	35	far	far	ADV
fbem-29588	138	36	from	from	ADP
fbem-29588	138	37	the	the	DET
fbem-29588	138	38	benchmark	benchmark	NOUN
fbem-29588	138	39	regression	regression	NOUN
fbem-29588	138	40	coefficients	coefficient	NOUN
fbem-29588	138	41	in	in	ADP
fbem-29588	138	42	this	this	DET
fbem-29588	138	43	article	article	NOUN
fbem-29588	138	44	.	.	PUNCT
fbem-29588	139	1	the	the	DET
fbem-29588	139	2	distribution	distribution	NOUN
fbem-29588	139	3	of	of	ADP
fbem-29588	139	4	the	the	DET
fbem-29588	139	5	estimated	estimate	VERB
fbem-29588	139	6	coefficients	coefficient	NOUN
fbem-29588	139	7	is	be	AUX
fbem-29588	139	8	close	close	ADJ
fbem-29588	139	9	to	to	ADP
fbem-29588	139	10	a	a	DET
fbem-29588	139	11	normal	normal	ADJ
fbem-29588	139	12	distribution	distribution	NOUN
fbem-29588	139	13	,	,	PUNCT
fbem-29588	139	14	with	with	ADP
fbem-29588	139	15	p	p	NOUN
fbem-29588	139	16	-	-	PUNCT
fbem-29588	139	17	values	value	NOUN
fbem-29588	139	18	mostly	mostly	ADV
fbem-29588	139	19	greater	great	ADJ
fbem-29588	139	20	than	than	ADP
fbem-29588	139	21	0.10	0.10	NUM
fbem-29588	139	22	and	and	CCONJ
fbem-29588	139	23	not	not	PART
fbem-29588	139	24	significant	significant	ADJ
fbem-29588	139	25	at	at	ADP
fbem-29588	139	26	the	the	DET
fbem-29588	139	27	10	10	NUM
fbem-29588	139	28	%	%	NOUN
fbem-29588	139	29	level	level	NOUN
fbem-29588	139	30	.	.	PUNCT
fbem-29588	140	1	this	this	PRON
fbem-29588	140	2	indicates	indicate	VERB
fbem-29588	140	3	that	that	SCONJ
fbem-29588	140	4	the	the	DET
fbem-29588	140	5	impact	impact	NOUN
fbem-29588	140	6	of	of	ADP
fbem-29588	140	7	issuing	issue	VERB
fbem-29588	140	8	green	green	ADJ
fbem-29588	140	9	bonds	bond	NOUN
fbem-29588	140	10	on	on	ADP
fbem-29588	140	11	corporate	corporate	ADJ
fbem-29588	140	12	value	value	NOUN
fbem-29588	140	13	is	be	AUX
fbem-29588	140	14	not	not	PART
fbem-29588	140	15	caused	cause	VERB
fbem-29588	140	16	by	by	ADP
fbem-29588	140	17	other	other	ADJ
fbem-29588	140	18	random	random	ADJ
fbem-29588	140	19	factors	factor	NOUN
fbem-29588	140	20	,	,	PUNCT
fbem-29588	140	21	and	and	CCONJ
fbem-29588	140	22	the	the	DET
fbem-29588	140	23	conclusion	conclusion	NOUN
fbem-29588	140	24	obtained	obtain	VERB
fbem-29588	140	25	in	in	ADP
fbem-29588	140	26	the	the	DET
fbem-29588	140	27	previous	previous	ADJ
fbem-29588	140	28	text	text	NOUN
fbem-29588	140	29	is	be	AUX
fbem-29588	140	30	reliable	reliable	ADJ
fbem-29588	140	31	.	.	PUNCT
fbem-29588	141	1	figure	figure	NOUN
fbem-29588	141	2	2	2	NUM
fbem-29588	141	3	.	.	PUNCT
fbem-29588	141	4	placebo	placebo	NOUN
fbem-29588	141	5	test	test	NOUN
fbem-29588	141	6	(	(	PUNCT
fbem-29588	141	7	3	3	X
fbem-29588	141	8	)	)	PUNCT
fbem-29588	141	9	replace	replace	VERB
fbem-29588	141	10	the	the	DET
fbem-29588	141	11	explained	explain	VERB
fbem-29588	141	12	variable	variable	NOUN
fbem-29588	141	13	this	this	DET
fbem-29588	141	14	article	article	NOUN
fbem-29588	141	15	replaces	replace	VERB
fbem-29588	141	16	the	the	DET
fbem-29588	141	17	calculation	calculation	NOUN
fbem-29588	141	18	method	method	NOUN
fbem-29588	141	19	of	of	ADP
fbem-29588	141	20	the	the	DET
fbem-29588	141	21	original	original	ADJ
fbem-29588	141	22	dependent	dependent	ADJ
fbem-29588	141	23	variable	variable	ADJ
fbem-29588	141	24	enterprise	enterprise	NOUN
fbem-29588	141	25	value	value	NOUN
fbem-29588	141	26	in	in	ADP
fbem-29588	141	27	the	the	DET
fbem-29588	141	28	benchmark	benchmark	NOUN
fbem-29588	141	29	model	model	NOUN
fbem-29588	141	30	with	with	ADP
fbem-29588	141	31	market	market	NOUN
fbem-29588	141	32	value	value	NOUN
fbem-29588	141	33	a/(total	a/(total	ADJ
fbem-29588	141	34	assets	asset	NOUN
fbem-29588	141	35	net	net	ADJ
fbem-29588	141	36	intangible	intangible	ADJ
fbem-29588	141	37	assets	asset	NOUN
fbem-29588	141	38	)	)	PUNCT
fbem-29588	141	39	,	,	PUNCT
fbem-29588	141	40	and	and	CCONJ
fbem-29588	141	41	conducts	conduct	VERB
fbem-29588	141	42	model	model	NOUN
fbem-29588	141	43	regression	regression	NOUN
fbem-29588	141	44	again	again	ADV
fbem-29588	141	45	.	.	PUNCT
fbem-29588	142	1	from	from	ADP
fbem-29588	142	2	the	the	DET
fbem-29588	142	3	regression	regression	NOUN
fbem-29588	142	4	results	result	NOUN
fbem-29588	142	5	in	in	ADP
fbem-29588	142	6	table	table	NOUN
fbem-29588	142	7	3	3	NUM
fbem-29588	142	8	,	,	PUNCT
fbem-29588	142	9	it	it	PRON
fbem-29588	142	10	can	can	AUX
fbem-29588	142	11	be	be	AUX
fbem-29588	142	12	seen	see	VERB
fbem-29588	142	13	that	that	SCONJ
fbem-29588	142	14	the	the	DET
fbem-29588	142	15	impact	impact	NOUN
fbem-29588	142	16	of	of	ADP
fbem-29588	142	17	issuing	issue	VERB
fbem-29588	142	18	green	green	ADJ
fbem-29588	142	19	bonds	bond	NOUN
fbem-29588	142	20	on	on	ADP
fbem-29588	142	21	corporate	corporate	ADJ
fbem-29588	142	22	value	value	NOUN
fbem-29588	142	23	remains	remain	VERB
fbem-29588	142	24	positive	positive	ADJ
fbem-29588	142	25	and	and	CCONJ
fbem-29588	142	26	significant	significant	ADJ
fbem-29588	142	27	,	,	PUNCT
fbem-29588	142	28	indicating	indicate	VERB
fbem-29588	142	29	that	that	SCONJ
fbem-29588	142	30	the	the	DET
fbem-29588	142	31	conclusion	conclusion	NOUN
fbem-29588	142	32	that	that	SCONJ
fbem-29588	142	33	issuing	issue	VERB
fbem-29588	142	34	green	green	ADJ
fbem-29588	142	35	bonds	bond	NOUN
fbem-29588	142	36	promotes	promote	VERB
fbem-29588	142	37	corporate	corporate	ADJ
fbem-29588	142	38	value	value	NOUN
fbem-29588	142	39	is	be	AUX
fbem-29588	142	40	robust	robust	ADJ
fbem-29588	142	41	and	and	CCONJ
fbem-29588	142	42	reliable	reliable	ADJ
fbem-29588	142	43	,	,	PUNCT
fbem-29588	142	44	supporting	support	VERB
fbem-29588	142	45	the	the	DET
fbem-29588	142	46	previous	previous	ADJ
fbem-29588	142	47	conclusion	conclusion	NOUN
fbem-29588	142	48	.	.	PUNCT
fbem-29588	143	1	68	68	NUM
fbem-29588	143	2	table	table	NOUN
fbem-29588	143	3	3	3	NUM
fbem-29588	143	4	.	.	PUNCT
fbem-29588	143	5	regression	regression	NOUN
fbem-29588	143	6	results	result	NOUN
fbem-29588	143	7	of	of	ADP
fbem-29588	143	8	replaced	replace	VERB
fbem-29588	143	9	variables	variable	NOUN
fbem-29588	143	10	variables	variable	NOUN
fbem-29588	143	11	(	(	PUNCT
fbem-29588	143	12	1	1	NUM
fbem-29588	143	13	)	)	PUNCT
fbem-29588	143	14	tobinq	tobinq	NOUN
fbem-29588	143	15	(	(	PUNCT
fbem-29588	143	16	2	2	NUM
fbem-29588	143	17	)	)	PUNCT
fbem-29588	143	18	tobinq	tobinq	NOUN
fbem-29588	143	19	(	(	PUNCT
fbem-29588	143	20	3	3	NUM
fbem-29588	143	21	)	)	PUNCT
fbem-29588	143	22	tobinq	tobinq	NOUN
fbem-29588	143	23	did	do	VERB
fbem-29588	143	24	0.286	0.286	NUM
fbem-29588	143	25	*	*	PUNCT
fbem-29588	143	26	*	*	PUNCT
fbem-29588	143	27	*	*	PUNCT
fbem-29588	143	28	0.257	0.257	NUM
fbem-29588	143	29	*	*	PUNCT
fbem-29588	143	30	*	*	PUNCT
fbem-29588	143	31	*	*	PUNCT
fbem-29588	143	32	0.111	0.111	NUM
fbem-29588	143	33	*	*	PUNCT
fbem-29588	143	34	*	*	PUNCT
fbem-29588	143	35	*	*	PUNCT
fbem-29588	143	36	(	(	PUNCT
fbem-29588	143	37	9.774	9.774	NUM
fbem-29588	143	38	)	)	PUNCT
fbem-29588	143	39	(	(	PUNCT
fbem-29588	143	40	8.223	8.223	NUM
fbem-29588	143	41	)	)	PUNCT
fbem-29588	143	42	(	(	PUNCT
fbem-29588	143	43	3.228	3.228	NUM
fbem-29588	143	44	)	)	PUNCT
fbem-29588	143	45	size	size	NOUN
fbem-29588	143	46	-0.317	-0.317	NOUN
fbem-29588	143	47	*	*	PUNCT
fbem-29588	143	48	*	*	PUNCT
fbem-29588	143	49	*	*	PUNCT
fbem-29588	143	50	-0.411	-0.411	PUNCT
fbem-29588	144	1	*	*	PUNCT
fbem-29588	144	2	*	*	PUNCT
fbem-29588	144	3	*	*	PUNCT
fbem-29588	144	4	-0.295	-0.295	PUNCT
fbem-29588	144	5	*	*	PUNCT
fbem-29588	144	6	*	*	PUNCT
fbem-29588	144	7	*	*	PUNCT
fbem-29588	144	8	(	(	PUNCT
fbem-29588	144	9	-52.458	-52.458	NOUN
fbem-29588	144	10	)	)	PUNCT
fbem-29588	144	11	(	(	PUNCT
fbem-29588	144	12	-13.904	-13.904	PROPN
fbem-29588	144	13	)	)	PUNCT
fbem-29588	144	14	(	(	PUNCT
fbem-29588	144	15	-10.078	-10.078	NOUN
fbem-29588	144	16	)	)	PUNCT
fbem-29588	144	17	lev	lev	NOUN
fbem-29588	144	18	-0.408	-0.408	PROPN
fbem-29588	144	19	*	*	NOUN
fbem-29588	144	20	*	*	PUNCT
fbem-29588	144	21	*	*	PUNCT
fbem-29588	144	22	0.290	0.290	NUM
fbem-29588	144	23	*	*	PUNCT
fbem-29588	144	24	*	*	PUNCT
fbem-29588	144	25	*	*	PUNCT
fbem-29588	144	26	0.055	0.055	NUM
fbem-29588	144	27	(	(	PUNCT
fbem-29588	144	28	-9.517	-9.517	PROPN
fbem-29588	144	29	)	)	PUNCT
fbem-29588	144	30	(	(	PUNCT
fbem-29588	144	31	2.832	2.832	NUM
fbem-29588	144	32	)	)	PUNCT
fbem-29588	144	33	(	(	PUNCT
fbem-29588	144	34	0.559	0.559	NUM
fbem-29588	144	35	)	)	PUNCT
fbem-29588	144	36	roa	roa	NOUN
fbem-29588	144	37	2.072	2.072	NUM
fbem-29588	144	38	*	*	PUNCT
fbem-29588	144	39	*	*	PUNCT
fbem-29588	144	40	*	*	PUNCT
fbem-29588	144	41	2.171	2.171	NUM
fbem-29588	144	42	*	*	PUNCT
fbem-29588	144	43	*	*	PUNCT
fbem-29588	144	44	*	*	PUNCT
fbem-29588	144	45	1.972	1.972	NUM
fbem-29588	144	46	*	*	PUNCT
fbem-29588	144	47	*	*	PUNCT
fbem-29588	144	48	*	*	PUNCT
fbem-29588	144	49	(	(	PUNCT
fbem-29588	144	50	14.977	14.977	NUM
fbem-29588	144	51	)	)	PUNCT
fbem-29588	144	52	(	(	PUNCT
fbem-29588	144	53	14.465	14.465	NUM
fbem-29588	144	54	)	)	PUNCT
fbem-29588	144	55	(	(	PUNCT
fbem-29588	144	56	14.680	14.680	NUM
fbem-29588	144	57	)	)	PUNCT
fbem-29588	144	58	ato	ato	NOUN
fbem-29588	144	59	-0.054	-0.054	NOUN
fbem-29588	144	60	*	*	PUNCT
fbem-29588	144	61	*	*	PUNCT
fbem-29588	144	62	*	*	PUNCT
fbem-29588	144	63	-0.003	-0.003	NOUN
fbem-29588	144	64	0.067	0.067	NUM
fbem-29588	144	65	*	*	PUNCT
fbem-29588	144	66	(	(	PUNCT
fbem-29588	144	67	-4.171	-4.171	NUM
fbem-29588	144	68	)	)	PUNCT
fbem-29588	144	69	(	(	PUNCT
fbem-29588	144	70	-0.071	-0.071	PROPN
fbem-29588	144	71	)	)	PUNCT
fbem-29588	144	72	(	(	PUNCT
fbem-29588	144	73	1.659	1.659	NUM
fbem-29588	144	74	)	)	PUNCT
fbem-29588	144	75	cashflow	cashflow	VERB
fbem-29588	144	76	0.673	0.673	NUM
fbem-29588	144	77	*	*	PUNCT
fbem-29588	144	78	*	*	PUNCT
fbem-29588	144	79	*	*	PUNCT
fbem-29588	144	80	0.378	0.378	NUM
fbem-29588	144	81	*	*	PUNCT
fbem-29588	144	82	*	*	PUNCT
fbem-29588	144	83	*	*	PUNCT
fbem-29588	144	84	0.421	0.421	NUM
fbem-29588	144	85	*	*	PUNCT
fbem-29588	144	86	*	*	PUNCT
fbem-29588	144	87	*	*	PUNCT
fbem-29588	144	88	(	(	PUNCT
fbem-29588	144	89	6.390	6.390	NUM
fbem-29588	144	90	)	)	PUNCT
fbem-29588	144	91	(	(	PUNCT
fbem-29588	144	92	3.843	3.843	NUM
fbem-29588	144	93	)	)	PUNCT
fbem-29588	144	94	(	(	PUNCT
fbem-29588	144	95	4.563	4.563	NUM
fbem-29588	144	96	)	)	PUNCT
fbem-29588	144	97	growth	growth	NOUN
fbem-29588	144	98	0.179	0.179	NUM
fbem-29588	144	99	*	*	PUNCT
fbem-29588	144	100	*	*	PUNCT
fbem-29588	144	101	*	*	PUNCT
fbem-29588	144	102	0.056	0.056	NUM
fbem-29588	144	103	*	*	PUNCT
fbem-29588	144	104	*	*	PUNCT
fbem-29588	144	105	*	*	PUNCT
fbem-29588	144	106	0.032	0.032	NUM
fbem-29588	144	107	*	*	PUNCT
fbem-29588	144	108	*	*	PUNCT
fbem-29588	144	109	(	(	PUNCT
fbem-29588	144	110	9.822	9.822	NUM
fbem-29588	144	111	)	)	PUNCT
fbem-29588	144	112	(	(	PUNCT
fbem-29588	144	113	3.462	3.462	NUM
fbem-29588	144	114	)	)	PUNCT
fbem-29588	144	115	(	(	PUNCT
fbem-29588	144	116	2.034	2.034	NUM
fbem-29588	144	117	)	)	PUNCT
fbem-29588	144	118	board	board	NOUN
fbem-29588	144	119	0.118	0.118	NUM
fbem-29588	144	120	*	*	PUNCT
fbem-29588	144	121	*	*	PUNCT
fbem-29588	144	122	*	*	PUNCT
fbem-29588	144	123	0.159	0.159	NUM
fbem-29588	144	124	*	*	X
fbem-29588	144	125	*	*	NOUN
fbem-29588	144	126	0.130	0.130	NUM
fbem-29588	144	127	*	*	PUNCT
fbem-29588	144	128	(	(	PUNCT
fbem-29588	144	129	3.146	3.146	NUM
fbem-29588	144	130	)	)	PUNCT
fbem-29588	144	131	(	(	PUNCT
fbem-29588	144	132	2.084	2.084	NUM
fbem-29588	144	133	)	)	PUNCT
fbem-29588	144	134	(	(	PUNCT
fbem-29588	144	135	1.837	1.837	NUM
fbem-29588	144	136	)	)	PUNCT
fbem-29588	144	137	indep	indep	NOUN
fbem-29588	144	138	0.008	0.008	NUM
fbem-29588	144	139	*	*	NOUN
fbem-29588	144	140	*	*	PUNCT
fbem-29588	144	141	*	*	NOUN
fbem-29588	144	142	0.005	0.005	NUM
fbem-29588	144	143	*	*	PUNCT
fbem-29588	144	144	*	*	NOUN
fbem-29588	144	145	0.005	0.005	NUM
fbem-29588	144	146	*	*	PUNCT
fbem-29588	144	147	*	*	PUNCT
fbem-29588	144	148	(	(	PUNCT
fbem-29588	144	149	6.055	6.055	NUM
fbem-29588	144	150	)	)	PUNCT
fbem-29588	144	151	(	(	PUNCT
fbem-29588	144	152	2.156	2.156	NUM
fbem-29588	144	153	)	)	PUNCT
fbem-29588	144	154	(	(	PUNCT
fbem-29588	144	155	2.254	2.254	NUM
fbem-29588	144	156	)	)	PUNCT
fbem-29588	144	157	top1	top1	PROPN
fbem-29588	144	158	-0.272	-0.272	PUNCT
fbem-29588	144	159	*	*	PUNCT
fbem-29588	144	160	*	*	PUNCT
fbem-29588	144	161	*	*	PUNCT
fbem-29588	144	162	-0.320	-0.320	NOUN
fbem-29588	144	163	*	*	PUNCT
fbem-29588	144	164	-0.299	-0.299	NOUN
fbem-29588	144	165	*	*	PUNCT
fbem-29588	144	166	(	(	PUNCT
fbem-29588	144	167	-6.442	-6.442	ADJ
fbem-29588	144	168	)	)	PUNCT
fbem-29588	144	169	(	(	PUNCT
fbem-29588	144	170	-1.922	-1.922	X
fbem-29588	144	171	)	)	PUNCT
fbem-29588	144	172	(	(	PUNCT
fbem-29588	144	173	-1.861	-1.861	NOUN
fbem-29588	144	174	)	)	PUNCT
fbem-29588	144	175	firmage	firmage	NOUN
fbem-29588	144	176	-0.521	-0.521	NOUN
fbem-29588	144	177	*	*	PUNCT
fbem-29588	144	178	*	*	PUNCT
fbem-29588	144	179	*	*	PUNCT
fbem-29588	144	180	-1.613	-1.613	ADJ
fbem-29588	144	181	*	*	PUNCT
fbem-29588	144	182	*	*	PUNCT
fbem-29588	144	183	*	*	PUNCT
fbem-29588	144	184	-0.454	-0.454	PUNCT
fbem-29588	144	185	*	*	PUNCT
fbem-29588	144	186	(	(	PUNCT
fbem-29588	144	187	-21.646	-21.646	PROPN
fbem-29588	144	188	)	)	PUNCT
fbem-29588	144	189	(	(	PUNCT
fbem-29588	144	190	-21.786	-21.786	PROPN
fbem-29588	144	191	)	)	PUNCT
fbem-29588	144	192	(	(	PUNCT
fbem-29588	144	193	-1.927	-1.927	X
fbem-29588	144	194	)	)	PUNCT
fbem-29588	144	195	constant	constant	ADJ
fbem-29588	144	196	10.348	10.348	NUM
fbem-29588	144	197	*	*	PUNCT
fbem-29588	144	198	*	*	PUNCT
fbem-29588	144	199	*	*	PUNCT
fbem-29588	145	1	15.516	15.516	NUM
fbem-29588	145	2	*	*	PUNCT
fbem-29588	145	3	*	*	PUNCT
fbem-29588	145	4	*	*	PUNCT
fbem-29588	145	5	10.064	10.064	NUM
fbem-29588	145	6	*	*	PUNCT
fbem-29588	145	7	*	*	PUNCT
fbem-29588	145	8	*	*	PUNCT
fbem-29588	145	9	(	(	PUNCT
fbem-29588	145	10	66.879	66.879	NUM
fbem-29588	145	11	)	)	PUNCT
fbem-29588	145	12	(	(	PUNCT
fbem-29588	145	13	25.267	25.267	NUM
fbem-29588	145	14	)	)	PUNCT
fbem-29588	145	15	(	(	PUNCT
fbem-29588	145	16	10.716	10.716	NUM
fbem-29588	145	17	)	)	PUNCT
fbem-29588	145	18	observation	observation	NOUN
fbem-29588	145	19	value	value	NOUN
fbem-29588	145	20	14,354	14,354	NUM
fbem-29588	145	21	14,354	14,354	NUM
fbem-29588	145	22	14,354	14,354	NUM
fbem-29588	145	23	r2	r2	NOUN
fbem-29588	145	24	0.327	0.327	NUM
fbem-29588	145	25	0.267	0.267	NUM
fbem-29588	145	26	0.422	0.422	NUM
fbem-29588	145	27	individual	individual	ADJ
fbem-29588	145	28	fixed	fix	VERB
fbem-29588	145	29	effects	effect	NOUN
fbem-29588	146	1	no	no	INTJ
fbem-29588	147	1	yes	yes	INTJ
fbem-29588	147	2	yes	yes	INTJ
fbem-29588	147	3	fixed	fix	VERB
fbem-29588	147	4	year	year	NOUN
fbem-29588	147	5	effect	effect	NOUN
fbem-29588	148	1	no	no	INTJ
fbem-29588	148	2	no	no	INTJ
fbem-29588	148	3	yes	yes	INTJ
fbem-29588	148	4	note	note	NOUN
fbem-29588	148	5	:	:	PUNCT
fbem-29588	148	6	the	the	DET
fbem-29588	148	7	values	value	NOUN
fbem-29588	148	8	in	in	ADP
fbem-29588	148	9	parentheses	parenthesis	NOUN
fbem-29588	148	10	are	be	AUX
fbem-29588	148	11	t	t	NOUN
fbem-29588	148	12	,	,	PUNCT
fbem-29588	148	13	and	and	CCONJ
fbem-29588	148	14	*	*	PUNCT
fbem-29588	148	15	,	,	PUNCT
fbem-29588	148	16	*	*	PUNCT
fbem-29588	148	17	*	*	PUNCT
fbem-29588	148	18	,	,	PUNCT
fbem-29588	148	19	*	*	PUNCT
fbem-29588	148	20	*	*	PUNCT
fbem-29588	148	21	*	*	PUNCT
fbem-29588	148	22	indicate	indicate	VERB
fbem-29588	148	23	significance	significance	NOUN
fbem-29588	148	24	at	at	ADP
fbem-29588	148	25	the	the	DET
fbem-29588	148	26	10	10	NUM
fbem-29588	148	27	%	%	NOUN
fbem-29588	148	28	,	,	PUNCT
fbem-29588	148	29	5	5	NUM
fbem-29588	148	30	%	%	NOUN
fbem-29588	148	31	,	,	PUNCT
fbem-29588	148	32	and	and	CCONJ
fbem-29588	148	33	1	1	NUM
fbem-29588	148	34	%	%	NOUN
fbem-29588	148	35	levels	level	NOUN
fbem-29588	148	36	.	.	PUNCT
fbem-29588	149	1	3.4	3.4	NUM
fbem-29588	149	2	.	.	PUNCT
fbem-29588	149	3	variable	variable	ADJ
fbem-29588	149	4	declaration	declaration	NOUN
fbem-29588	149	5	3.4.1	3.4.1	NUM
fbem-29588	149	6	.	.	PUNCT
fbem-29588	150	1	heterogeneity	heterogeneity	NOUN
fbem-29588	150	2	analysis	analysis	NOUN
fbem-29588	150	3	to	to	PART
fbem-29588	150	4	verify	verify	VERB
fbem-29588	150	5	whether	whether	SCONJ
fbem-29588	150	6	there	there	PRON
fbem-29588	150	7	is	be	VERB
fbem-29588	150	8	regional	regional	ADJ
fbem-29588	150	9	heterogeneity	heterogeneity	NOUN
fbem-29588	150	10	in	in	ADP
fbem-29588	150	11	the	the	DET
fbem-29588	150	12	impact	impact	NOUN
fbem-29588	150	13	of	of	ADP
fbem-29588	150	14	issuing	issue	VERB
fbem-29588	150	15	green	green	ADJ
fbem-29588	150	16	bonds	bond	NOUN
fbem-29588	150	17	on	on	ADP
fbem-29588	150	18	corporate	corporate	ADJ
fbem-29588	150	19	value	value	NOUN
fbem-29588	150	20	,	,	PUNCT
fbem-29588	150	21	this	this	DET
fbem-29588	150	22	study	study	NOUN
fbem-29588	150	23	divided	divide	VERB
fbem-29588	150	24	the	the	DET
fbem-29588	150	25	sample	sample	NOUN
fbem-29588	150	26	into	into	ADP
fbem-29588	150	27	eastern	eastern	ADJ
fbem-29588	150	28	,	,	PUNCT
fbem-29588	150	29	central	central	ADJ
fbem-29588	150	30	,	,	PUNCT
fbem-29588	150	31	and	and	CCONJ
fbem-29588	150	32	western	western	ADJ
fbem-29588	150	33	regions	region	NOUN
fbem-29588	150	34	for	for	ADP
fbem-29588	150	35	heterogeneity	heterogeneity	NOUN
fbem-29588	150	36	analysis	analysis	NOUN
fbem-29588	150	37	.	.	PUNCT
fbem-29588	151	1	from	from	ADP
fbem-29588	151	2	the	the	DET
fbem-29588	151	3	regression	regression	NOUN
fbem-29588	151	4	results	result	NOUN
fbem-29588	151	5	in	in	ADP
fbem-29588	151	6	table	table	NOUN
fbem-29588	151	7	4	4	NUM
fbem-29588	151	8	,	,	PUNCT
fbem-29588	151	9	it	it	PRON
fbem-29588	151	10	can	can	AUX
fbem-29588	151	11	be	be	AUX
fbem-29588	151	12	seen	see	VERB
fbem-29588	151	13	that	that	SCONJ
fbem-29588	151	14	in	in	ADP
fbem-29588	151	15	the	the	DET
fbem-29588	151	16	eastern	eastern	ADJ
fbem-29588	151	17	region	region	NOUN
fbem-29588	151	18	,	,	PUNCT
fbem-29588	151	19	the	the	DET
fbem-29588	151	20	regression	regression	NOUN
fbem-29588	151	21	coefficient	coefficient	NOUN
fbem-29588	151	22	of	of	ADP
fbem-29588	151	23	the	the	DET
fbem-29588	151	24	explanatory	explanatory	ADJ
fbem-29588	151	25	variable	variable	NOUN
fbem-29588	151	26	did	do	AUX
fbem-29588	151	27	is	be	AUX
fbem-29588	151	28	0.123	0.123	NUM
fbem-29588	151	29	,	,	PUNCT
fbem-29588	151	30	and	and	CCONJ
fbem-29588	151	31	it	it	PRON
fbem-29588	151	32	is	be	AUX
fbem-29588	151	33	significantly	significantly	ADV
fbem-29588	151	34	positive	positive	ADJ
fbem-29588	151	35	at	at	ADP
fbem-29588	151	36	the	the	DET
fbem-29588	151	37	1	1	NUM
fbem-29588	151	38	%	%	NOUN
fbem-29588	151	39	level	level	NOUN
fbem-29588	151	40	.	.	PUNCT
fbem-29588	152	1	in	in	ADP
fbem-29588	152	2	the	the	DET
fbem-29588	152	3	central	central	ADJ
fbem-29588	152	4	and	and	CCONJ
fbem-29588	152	5	western	western	ADJ
fbem-29588	152	6	regions	region	NOUN
fbem-29588	152	7	,	,	PUNCT
fbem-29588	152	8	the	the	DET
fbem-29588	152	9	regression	regression	NOUN
fbem-29588	152	10	coefficient	coefficient	NOUN
fbem-29588	152	11	between	between	ADP
fbem-29588	152	12	issuing	issue	VERB
fbem-29588	152	13	green	green	ADJ
fbem-29588	152	14	bonds	bond	NOUN
fbem-29588	152	15	and	and	CCONJ
fbem-29588	152	16	corporate	corporate	ADJ
fbem-29588	152	17	value	value	NOUN
fbem-29588	152	18	is	be	AUX
fbem-29588	152	19	not	not	PART
fbem-29588	152	20	significant	significant	ADJ
fbem-29588	152	21	,	,	PUNCT
fbem-29588	152	22	indicating	indicate	VERB
fbem-29588	152	23	that	that	SCONJ
fbem-29588	152	24	the	the	DET
fbem-29588	152	25	impact	impact	NOUN
fbem-29588	152	26	is	be	AUX
fbem-29588	152	27	not	not	PART
fbem-29588	152	28	significant	significant	ADJ
fbem-29588	152	29	.	.	PUNCT
fbem-29588	153	1	from	from	ADP
fbem-29588	153	2	the	the	DET
fbem-29588	153	3	size	size	NOUN
fbem-29588	153	4	and	and	CCONJ
fbem-29588	153	5	significance	significance	NOUN
fbem-29588	153	6	of	of	ADP
fbem-29588	153	7	the	the	DET
fbem-29588	153	8	regression	regression	NOUN
fbem-29588	153	9	coefficients	coefficient	NOUN
fbem-29588	153	10	,	,	PUNCT
fbem-29588	153	11	it	it	PRON
fbem-29588	153	12	indicates	indicate	VERB
fbem-29588	153	13	that	that	SCONJ
fbem-29588	153	14	there	there	PRON
fbem-29588	153	15	is	be	VERB
fbem-29588	153	16	regional	regional	ADJ
fbem-29588	153	17	heterogeneity	heterogeneity	NOUN
fbem-29588	153	18	in	in	ADP
fbem-29588	153	19	the	the	DET
fbem-29588	153	20	impact	impact	NOUN
fbem-29588	153	21	of	of	ADP
fbem-29588	153	22	issuing	issue	VERB
fbem-29588	153	23	green	green	ADJ
fbem-29588	153	24	bonds	bond	NOUN
fbem-29588	153	25	on	on	ADP
fbem-29588	153	26	corporate	corporate	ADJ
fbem-29588	153	27	value	value	NOUN
fbem-29588	153	28	,	,	PUNCT
fbem-29588	153	29	and	and	CCONJ
fbem-29588	153	30	in	in	ADP
fbem-29588	153	31	the	the	DET
fbem-29588	153	32	eastern	eastern	ADJ
fbem-29588	153	33	region	region	NOUN
fbem-29588	153	34	,	,	PUNCT
fbem-29588	153	35	the	the	DET
fbem-29588	153	36	promotion	promotion	NOUN
fbem-29588	153	37	effect	effect	NOUN
fbem-29588	153	38	of	of	ADP
fbem-29588	153	39	issuing	issue	VERB
fbem-29588	153	40	green	green	ADJ
fbem-29588	153	41	bonds	bond	NOUN
fbem-29588	153	42	on	on	ADP
fbem-29588	153	43	corporate	corporate	ADJ
fbem-29588	153	44	value	value	NOUN
fbem-29588	153	45	is	be	AUX
fbem-29588	153	46	stronger	strong	ADJ
fbem-29588	153	47	.	.	PUNCT
fbem-29588	154	1	assuming	assume	VERB
fbem-29588	154	2	h3a	h3a	NOUN
fbem-29588	154	3	is	be	AUX
fbem-29588	154	4	proven	prove	VERB
fbem-29588	154	5	,	,	PUNCT
fbem-29588	154	6	the	the	DET
fbem-29588	154	7	promotion	promotion	NOUN
fbem-29588	154	8	effect	effect	NOUN
fbem-29588	154	9	of	of	ADP
fbem-29588	154	10	issuing	issue	VERB
fbem-29588	154	11	green	green	ADJ
fbem-29588	154	12	bonds	bond	NOUN
fbem-29588	154	13	on	on	ADP
fbem-29588	154	14	the	the	DET
fbem-29588	154	15	value	value	NOUN
fbem-29588	154	16	of	of	ADP
fbem-29588	154	17	enterprises	enterprise	NOUN
fbem-29588	154	18	in	in	ADP
fbem-29588	154	19	different	different	ADJ
fbem-29588	154	20	regions	region	NOUN
fbem-29588	154	21	is	be	AUX
fbem-29588	154	22	more	more	ADV
fbem-29588	154	23	pronounced	pronounce	VERB
fbem-29588	154	24	in	in	ADP
fbem-29588	154	25	the	the	DET
fbem-29588	154	26	eastern	eastern	ADJ
fbem-29588	154	27	region	region	NOUN
fbem-29588	154	28	.	.	PUNCT
fbem-29588	155	1	table	table	NOUN
fbem-29588	155	2	4	4	NUM
fbem-29588	155	3	.	.	PUNCT
fbem-29588	156	1	regional	regional	ADJ
fbem-29588	156	2	heterogeneity	heterogeneity	NOUN
fbem-29588	156	3	results	result	VERB
fbem-29588	156	4	variables	variable	NOUN
fbem-29588	156	5	(	(	PUNCT
fbem-29588	156	6	1	1	X
fbem-29588	156	7	)	)	PUNCT
fbem-29588	156	8	east	east	NOUN
fbem-29588	156	9	(	(	PUNCT
fbem-29588	156	10	2	2	NUM
fbem-29588	156	11	)	)	PUNCT
fbem-29588	156	12	west	west	NOUN
fbem-29588	156	13	(	(	PUNCT
fbem-29588	156	14	3	3	X
fbem-29588	156	15	)	)	PUNCT
fbem-29588	156	16	central	central	NOUN
fbem-29588	156	17	did	do	VERB
fbem-29588	156	18	0.123	0.123	NUM
fbem-29588	156	19	*	*	PUNCT
fbem-29588	156	20	*	*	PUNCT
fbem-29588	156	21	*	*	PUNCT
fbem-29588	156	22	0.003	0.003	NUM
fbem-29588	156	23	0.023	0.023	NUM
fbem-29588	156	24	(	(	PUNCT
fbem-29588	156	25	3.116	3.116	NUM
fbem-29588	156	26	)	)	PUNCT
fbem-29588	156	27	(	(	PUNCT
fbem-29588	156	28	0.041	0.041	NUM
fbem-29588	156	29	)	)	PUNCT
fbem-29588	156	30	(	(	PUNCT
fbem-29588	156	31	0.350	0.350	NUM
fbem-29588	156	32	)	)	PUNCT
fbem-29588	156	33	size	size	NOUN
fbem-29588	156	34	-0.383	-0.383	NOUN
fbem-29588	156	35	*	*	PUNCT
fbem-29588	156	36	*	*	PUNCT
fbem-29588	156	37	*	*	PUNCT
fbem-29588	156	38	-0.313	-0.313	PUNCT
fbem-29588	156	39	*	*	PUNCT
fbem-29588	156	40	*	*	PUNCT
fbem-29588	156	41	*	*	PUNCT
fbem-29588	156	42	-0.258	-0.258	PUNCT
fbem-29588	156	43	*	*	PUNCT
fbem-29588	156	44	*	*	PUNCT
fbem-29588	156	45	*	*	PUNCT
fbem-29588	156	46	(	(	PUNCT
fbem-29588	156	47	-13.540	-13.540	NUM
fbem-29588	156	48	)	)	PUNCT
fbem-29588	156	49	(	(	PUNCT
fbem-29588	156	50	-5.794	-5.794	NOUN
fbem-29588	156	51	)	)	PUNCT
fbem-29588	156	52	(	(	PUNCT
fbem-29588	156	53	-3.388	-3.388	X
fbem-29588	156	54	)	)	PUNCT
fbem-29588	156	55	lev	lev	NOUN
fbem-29588	156	56	0.167	0.167	NUM
fbem-29588	156	57	*	*	NOUN
fbem-29588	156	58	0.563	0.563	NUM
fbem-29588	156	59	*	*	PUNCT
fbem-29588	156	60	*	*	PUNCT
fbem-29588	156	61	*	*	PUNCT
fbem-29588	156	62	-0.048	-0.048	X
fbem-29588	156	63	(	(	PUNCT
fbem-29588	156	64	1.868	1.868	NUM
fbem-29588	156	65	)	)	PUNCT
fbem-29588	156	66	(	(	PUNCT
fbem-29588	156	67	3.161	3.161	NUM
fbem-29588	156	68	)	)	PUNCT
fbem-29588	156	69	(	(	PUNCT
fbem-29588	156	70	-0.182	-0.182	NOUN
fbem-29588	156	71	)	)	PUNCT
fbem-29588	156	72	roa	roa	NOUN
fbem-29588	156	73	1.281	1.281	NUM
fbem-29588	156	74	*	*	PUNCT
fbem-29588	156	75	*	*	PUNCT
fbem-29588	156	76	*	*	PUNCT
fbem-29588	156	77	1.569	1.569	NUM
fbem-29588	156	78	*	*	PUNCT
fbem-29588	156	79	*	*	PUNCT
fbem-29588	156	80	*	*	PUNCT
fbem-29588	156	81	1.898	1.898	NUM
fbem-29588	156	82	*	*	PUNCT
fbem-29588	156	83	*	*	PUNCT
fbem-29588	156	84	*	*	PUNCT
fbem-29588	156	85	(	(	PUNCT
fbem-29588	156	86	9.799	9.799	NUM
fbem-29588	156	87	)	)	PUNCT
fbem-29588	156	88	(	(	PUNCT
fbem-29588	156	89	6.141	6.141	NUM
fbem-29588	156	90	)	)	PUNCT
fbem-29588	156	91	(	(	PUNCT
fbem-29588	156	92	4.866	4.866	NUM
fbem-29588	156	93	)	)	PUNCT
fbem-29588	156	94	ato	ato	NOUN
fbem-29588	156	95	0.188	0.188	NUM
fbem-29588	156	96	*	*	PUNCT
fbem-29588	156	97	*	*	PUNCT
fbem-29588	156	98	*	*	PUNCT
fbem-29588	156	99	0.232	0.232	NUM
fbem-29588	156	100	*	*	PUNCT
fbem-29588	156	101	*	*	PUNCT
fbem-29588	156	102	0.010	0.010	NUM
fbem-29588	156	103	(	(	PUNCT
fbem-29588	156	104	5.436	5.436	NUM
fbem-29588	156	105	)	)	PUNCT
fbem-29588	156	106	(	(	PUNCT
fbem-29588	156	107	2.391	2.391	NUM
fbem-29588	156	108	)	)	PUNCT
fbem-29588	156	109	(	(	PUNCT
fbem-29588	156	110	0.108	0.108	NUM
fbem-29588	156	111	)	)	PUNCT
fbem-29588	156	112	cashflow	cashflow	VERB
fbem-29588	156	113	0.256	0.256	NUM
fbem-29588	156	114	*	*	PUNCT
fbem-29588	156	115	*	*	PUNCT
fbem-29588	156	116	*	*	PUNCT
fbem-29588	156	117	0.743	0.743	NUM
fbem-29588	156	118	*	*	PUNCT
fbem-29588	156	119	*	*	PUNCT
fbem-29588	156	120	*	*	PUNCT
fbem-29588	156	121	0.792	0.792	NUM
fbem-29588	156	122	*	*	PUNCT
fbem-29588	156	123	*	*	PUNCT
fbem-29588	156	124	*	*	PUNCT
fbem-29588	156	125	(	(	PUNCT
fbem-29588	156	126	2.638	2.638	NUM
fbem-29588	156	127	)	)	PUNCT
fbem-29588	156	128	(	(	PUNCT
fbem-29588	156	129	3.767	3.767	NUM
fbem-29588	156	130	)	)	PUNCT
fbem-29588	156	131	(	(	PUNCT
fbem-29588	156	132	3.806	3.806	NUM
fbem-29588	156	133	)	)	PUNCT
fbem-29588	156	134	growth	growth	NOUN
fbem-29588	156	135	-0.022	-0.022	PUNCT
fbem-29588	157	1	-0.050	-0.050	PUNCT
fbem-29588	157	2	*	*	PUNCT
fbem-29588	158	1	-0.021	-0.021	NOUN
fbem-29588	158	2	(	(	PUNCT
fbem-29588	158	3	-1.536	-1.536	NUM
fbem-29588	158	4	)	)	PUNCT
fbem-29588	158	5	(	(	PUNCT
fbem-29588	158	6	-1.795	-1.795	PUNCT
fbem-29588	158	7	)	)	PUNCT
fbem-29588	158	8	(	(	PUNCT
fbem-29588	158	9	-0.639	-0.639	NOUN
fbem-29588	158	10	)	)	PUNCT
fbem-29588	158	11	board	board	NOUN
fbem-29588	158	12	0.096	0.096	NUM
fbem-29588	158	13	0.159	0.159	NUM
fbem-29588	158	14	-0.290	-0.290	PROPN
fbem-29588	158	15	(	(	PUNCT
fbem-29588	158	16	1.401	1.401	NUM
fbem-29588	158	17	)	)	PUNCT
fbem-29588	158	18	(	(	PUNCT
fbem-29588	158	19	1.181	1.181	NUM
fbem-29588	158	20	)	)	PUNCT
fbem-29588	158	21	(	(	PUNCT
fbem-29588	158	22	-1.583	-1.583	NOUN
fbem-29588	158	23	)	)	PUNCT
fbem-29588	158	24	indep	indep	NOUN
fbem-29588	158	25	0.004	0.004	NUM
fbem-29588	158	26	*	*	NOUN
fbem-29588	158	27	0.007	0.007	NUM
fbem-29588	158	28	-0.008	-0.008	NOUN
fbem-29588	158	29	*	*	PUNCT
fbem-29588	158	30	(	(	PUNCT
fbem-29588	158	31	1.902	1.902	NUM
fbem-29588	158	32	)	)	PUNCT
fbem-29588	158	33	(	(	PUNCT
fbem-29588	158	34	1.598	1.598	NUM
fbem-29588	158	35	)	)	PUNCT
fbem-29588	158	36	(	(	PUNCT
fbem-29588	158	37	-1.698	-1.698	X
fbem-29588	158	38	)	)	PUNCT
fbem-29588	158	39	top1	top1	PROPN
fbem-29588	158	40	-0.450	-0.450	NOUN
fbem-29588	158	41	*	*	PUNCT
fbem-29588	158	42	*	*	PUNCT
fbem-29588	158	43	*	*	PUNCT
fbem-29588	158	44	-0.192	-0.192	X
fbem-29588	158	45	-0.161	-0.161	PUNCT
fbem-29588	158	46	(	(	PUNCT
fbem-29588	158	47	-2.697	-2.697	NUM
fbem-29588	158	48	)	)	PUNCT
fbem-29588	158	49	(	(	PUNCT
fbem-29588	158	50	-0.638	-0.638	NOUN
fbem-29588	158	51	)	)	PUNCT
fbem-29588	158	52	(	(	PUNCT
fbem-29588	158	53	-0.453	-0.453	NOUN
fbem-29588	158	54	)	)	PUNCT
fbem-29588	158	55	firmage	firmage	NOUN
fbem-29588	158	56	0.049	0.049	NUM
fbem-29588	158	57	-0.696	-0.696	X
fbem-29588	158	58	-0.639	-0.639	PUNCT
fbem-29588	158	59	(	(	PUNCT
fbem-29588	158	60	0.219	0.219	NUM
fbem-29588	158	61	)	)	PUNCT
fbem-29588	158	62	(	(	PUNCT
fbem-29588	158	63	-1.209	-1.209	NOUN
fbem-29588	158	64	)	)	PUNCT
fbem-29588	158	65	(	(	PUNCT
fbem-29588	158	66	-1.094	-1.094	NOUN
fbem-29588	158	67	)	)	PUNCT
fbem-29588	158	68	constant	constant	ADJ
fbem-29588	158	69	10.456	10.456	NUM
fbem-29588	158	70	*	*	PUNCT
fbem-29588	158	71	*	*	PUNCT
fbem-29588	158	72	*	*	PUNCT
fbem-29588	159	1	10.270	10.270	NUM
fbem-29588	159	2	*	*	PUNCT
fbem-29588	159	3	*	*	PUNCT
fbem-29588	159	4	*	*	PUNCT
fbem-29588	160	1	10.755	10.755	NUM
fbem-29588	160	2	*	*	NOUN
fbem-29588	160	3	*	*	PUNCT
fbem-29588	160	4	*	*	PUNCT
fbem-29588	160	5	(	(	PUNCT
fbem-29588	160	6	11.386	11.386	NUM
fbem-29588	160	7	)	)	PUNCT
fbem-29588	160	8	(	(	PUNCT
fbem-29588	160	9	5.098	5.098	NUM
fbem-29588	160	10	)	)	PUNCT
fbem-29588	160	11	(	(	PUNCT
fbem-29588	160	12	4.509	4.509	NUM
fbem-29588	160	13	)	)	PUNCT
fbem-29588	160	14	observation	observation	NOUN
fbem-29588	160	15	value	value	NOUN
fbem-29588	160	16	10,251	10,251	NUM
fbem-29588	160	17	2,475	2,475	NUM
fbem-29588	160	18	1,628	1,628	NUM
fbem-29588	160	19	r2	r2	NOUN
fbem-29588	160	20	0.448	0.448	NUM
fbem-29588	160	21	0.424	0.424	NUM
fbem-29588	160	22	0.384	0.384	NUM
fbem-29588	160	23	individual	individual	ADJ
fbem-29588	160	24	fixed	fix	VERB
fbem-29588	160	25	effects	effect	NOUN
fbem-29588	161	1	yes	yes	INTJ
fbem-29588	162	1	yes	yes	INTJ
fbem-29588	163	1	yes	yes	INTJ
fbem-29588	163	2	fixed	fix	VERB
fbem-29588	163	3	year	year	NOUN
fbem-29588	163	4	effect	effect	NOUN
fbem-29588	164	1	yes	yes	INTJ
fbem-29588	164	2	yes	yes	INTJ
fbem-29588	165	1	yes	yes	INTJ
fbem-29588	165	2	note	note	VERB
fbem-29588	165	3	:	:	PUNCT
fbem-29588	165	4	the	the	DET
fbem-29588	165	5	values	value	NOUN
fbem-29588	165	6	in	in	ADP
fbem-29588	165	7	parentheses	parenthesis	NOUN
fbem-29588	165	8	are	be	AUX
fbem-29588	165	9	t	t	NOUN
fbem-29588	165	10	,	,	PUNCT
fbem-29588	165	11	and	and	CCONJ
fbem-29588	165	12	*	*	PUNCT
fbem-29588	165	13	,	,	PUNCT
fbem-29588	165	14	*	*	PUNCT
fbem-29588	165	15	*	*	PUNCT
fbem-29588	165	16	,	,	PUNCT
fbem-29588	165	17	*	*	PUNCT
fbem-29588	165	18	*	*	PUNCT
fbem-29588	165	19	*	*	PUNCT
fbem-29588	165	20	indicate	indicate	VERB
fbem-29588	165	21	significance	significance	NOUN
fbem-29588	165	22	at	at	ADP
fbem-29588	165	23	the	the	DET
fbem-29588	165	24	10	10	NUM
fbem-29588	165	25	%	%	NOUN
fbem-29588	165	26	,	,	PUNCT
fbem-29588	165	27	5	5	NUM
fbem-29588	165	28	%	%	NOUN
fbem-29588	165	29	,	,	PUNCT
fbem-29588	165	30	and	and	CCONJ
fbem-29588	165	31	1	1	NUM
fbem-29588	165	32	%	%	NOUN
fbem-29588	165	33	levels	level	NOUN
fbem-29588	165	34	.	.	PUNCT
fbem-29588	166	1	3.4.2	3.4.2	X
fbem-29588	166	2	.	.	PUNCT
fbem-29588	167	1	heterogeneity	heterogeneity	NOUN
fbem-29588	167	2	of	of	ADP
fbem-29588	167	3	industries	industry	NOUN
fbem-29588	167	4	in	in	ADP
fbem-29588	167	5	order	order	NOUN
fbem-29588	167	6	to	to	PART
fbem-29588	167	7	verify	verify	VERB
fbem-29588	167	8	whether	whether	SCONJ
fbem-29588	167	9	there	there	PRON
fbem-29588	167	10	is	be	VERB
fbem-29588	167	11	industry	industry	NOUN
fbem-29588	167	12	heterogeneity	heterogeneity	NOUN
fbem-29588	167	13	in	in	ADP
fbem-29588	167	14	the	the	DET
fbem-29588	167	15	impact	impact	NOUN
fbem-29588	167	16	of	of	ADP
fbem-29588	167	17	issuing	issue	VERB
fbem-29588	167	18	green	green	ADJ
fbem-29588	167	19	bonds	bond	NOUN
fbem-29588	167	20	on	on	ADP
fbem-29588	167	21	corporate	corporate	ADJ
fbem-29588	167	22	value	value	NOUN
fbem-29588	167	23	,	,	PUNCT
fbem-29588	167	24	this	this	DET
fbem-29588	167	25	paper	paper	NOUN
fbem-29588	167	26	divides	divide	VERB
fbem-29588	167	27	the	the	DET
fbem-29588	167	28	sample	sample	NOUN
fbem-29588	167	29	into	into	ADP
fbem-29588	167	30	two	two	NUM
fbem-29588	167	31	categories	category	NOUN
fbem-29588	167	32	:	:	PUNCT
fbem-29588	167	33	heavily	heavily	ADV
fbem-29588	167	34	polluting	pollute	VERB
fbem-29588	167	35	industries	industry	NOUN
fbem-29588	167	36	and	and	CCONJ
fbem-29588	167	37	non	non	ADJ
fbem-29588	167	38	-	-	ADJ
fbem-29588	167	39	heavily	heavily	ADV
fbem-29588	167	40	polluting	polluting	NOUN
fbem-29588	167	41	industries	industry	NOUN
fbem-29588	167	42	for	for	ADP
fbem-29588	167	43	heterogeneity	heterogeneity	NOUN
fbem-29588	167	44	analysis	analysis	NOUN
fbem-29588	167	45	.	.	PUNCT
fbem-29588	168	1	from	from	ADP
fbem-29588	168	2	the	the	DET
fbem-29588	168	3	regression	regression	NOUN
fbem-29588	168	4	results	result	NOUN
fbem-29588	168	5	in	in	ADP
fbem-29588	168	6	table	table	NOUN
fbem-29588	168	7	5	5	NUM
fbem-29588	168	8	,	,	PUNCT
fbem-29588	168	9	it	it	PRON
fbem-29588	168	10	can	can	AUX
fbem-29588	168	11	be	be	AUX
fbem-29588	168	12	seen	see	VERB
fbem-29588	168	13	that	that	SCONJ
fbem-29588	168	14	in	in	ADP
fbem-29588	168	15	heavily	heavily	ADV
fbem-29588	168	16	polluted	polluted	ADJ
fbem-29588	168	17	industries	industry	NOUN
fbem-29588	168	18	,	,	PUNCT
fbem-29588	168	19	the	the	DET
fbem-29588	168	20	regression	regression	NOUN
fbem-29588	168	21	coefficient	coefficient	NOUN
fbem-29588	168	22	of	of	ADP
fbem-29588	168	23	the	the	DET
fbem-29588	168	24	explanatory	explanatory	ADJ
fbem-29588	168	25	variable	variable	NOUN
fbem-29588	168	26	did	do	AUX
fbem-29588	168	27	is	be	AUX
fbem-29588	168	28	0.142	0.142	NUM
fbem-29588	168	29	,	,	PUNCT
fbem-29588	168	30	and	and	CCONJ
fbem-29588	168	31	it	it	PRON
fbem-29588	168	32	is	be	AUX
fbem-29588	168	33	significantly	significantly	ADV
fbem-29588	168	34	positive	positive	ADJ
fbem-29588	168	35	at	at	ADP
fbem-29588	168	36	the	the	DET
fbem-29588	168	37	1	1	NUM
fbem-29588	168	38	%	%	NOUN
fbem-29588	168	39	level	level	NOUN
fbem-29588	168	40	.	.	PUNCT
fbem-29588	169	1	in	in	ADP
fbem-29588	169	2	non	non	ADJ
fbem-29588	169	3	-	-	ADJ
fbem-29588	169	4	heavily	heavily	ADV
fbem-29588	169	5	polluting	polluting	NOUN
fbem-29588	169	6	industries	industry	NOUN
fbem-29588	169	7	,	,	PUNCT
fbem-29588	169	8	the	the	DET
fbem-29588	169	9	regression	regression	NOUN
fbem-29588	169	10	coefficient	coefficient	NOUN
fbem-29588	169	11	between	between	ADP
fbem-29588	169	12	issuing	issue	VERB
fbem-29588	169	13	green	green	ADJ
fbem-29588	169	14	bonds	bond	NOUN
fbem-29588	169	15	and	and	CCONJ
fbem-29588	169	16	corporate	corporate	ADJ
fbem-29588	169	17	value	value	NOUN
fbem-29588	169	18	is	be	AUX
fbem-29588	169	19	0.064	0.064	NUM
fbem-29588	169	20	,	,	PUNCT
fbem-29588	169	21	but	but	CCONJ
fbem-29588	169	22	it	it	PRON
fbem-29588	169	23	did	do	AUX
fbem-29588	169	24	not	not	PART
fbem-29588	169	25	pass	pass	VERB
fbem-29588	169	26	the	the	DET
fbem-29588	169	27	significance	significance	NOUN
fbem-29588	169	28	test	test	NOUN
fbem-29588	169	29	.	.	PUNCT
fbem-29588	170	1	from	from	ADP
fbem-29588	170	2	the	the	DET
fbem-29588	170	3	size	size	NOUN
fbem-29588	170	4	,	,	PUNCT
fbem-29588	170	5	significance	significance	NOUN
fbem-29588	170	6	,	,	PUNCT
fbem-29588	170	7	and	and	CCONJ
fbem-29588	170	8	inter	inter	ADJ
fbem-29588	170	9	group	group	NOUN
fbem-29588	170	10	difference	difference	NOUN
fbem-29588	170	11	tests	test	NOUN
fbem-29588	170	12	of	of	ADP
fbem-29588	170	13	the	the	DET
fbem-29588	170	14	regression	regression	NOUN
fbem-29588	170	15	coefficients	coefficient	NOUN
fbem-29588	170	16	,	,	PUNCT
fbem-29588	170	17	it	it	PRON
fbem-29588	170	18	can	can	AUX
fbem-29588	170	19	be	be	AUX
fbem-29588	170	20	seen	see	VERB
fbem-29588	170	21	that	that	SCONJ
fbem-29588	170	22	the	the	DET
fbem-29588	170	23	impact	impact	NOUN
fbem-29588	170	24	of	of	ADP
fbem-29588	170	25	issuing	issue	VERB
fbem-29588	170	26	green	green	ADJ
fbem-29588	170	27	bonds	bond	NOUN
fbem-29588	170	28	on	on	ADP
fbem-29588	170	29	corporate	corporate	ADJ
fbem-29588	170	30	value	value	NOUN
fbem-29588	170	31	is	be	AUX
fbem-29588	170	32	heterogeneous	heterogeneous	ADJ
fbem-29588	170	33	across	across	ADP
fbem-29588	170	34	industries	industry	NOUN
fbem-29588	170	35	,	,	PUNCT
fbem-29588	170	36	and	and	CCONJ
fbem-29588	170	37	in	in	ADP
fbem-29588	170	38	heavily	heavily	ADV
fbem-29588	170	39	polluting	pollute	VERB
fbem-29588	170	40	industries	industry	NOUN
fbem-29588	170	41	,	,	PUNCT
fbem-29588	170	42	the	the	DET
fbem-29588	170	43	promotion	promotion	NOUN
fbem-29588	170	44	effect	effect	NOUN
fbem-29588	170	45	of	of	ADP
fbem-29588	170	46	issuing	issue	VERB
fbem-29588	170	47	green	green	ADJ
fbem-29588	170	48	bonds	bond	NOUN
fbem-29588	170	49	on	on	ADP
fbem-29588	170	50	corporate	corporate	ADJ
fbem-29588	170	51	value	value	NOUN
fbem-29588	170	52	is	be	AUX
fbem-29588	170	53	stronger	strong	ADJ
fbem-29588	170	54	.	.	PUNCT
fbem-29588	171	1	assuming	assume	VERB
fbem-29588	171	2	h3b	h3b	PROPN
fbem-29588	171	3	is	be	AUX
fbem-29588	171	4	proven	prove	VERB
fbem-29588	171	5	,	,	PUNCT
fbem-29588	171	6	the	the	DET
fbem-29588	171	7	promotion	promotion	NOUN
fbem-29588	171	8	effect	effect	NOUN
fbem-29588	171	9	of	of	ADP
fbem-29588	171	10	issuing	issue	VERB
fbem-29588	171	11	green	green	ADJ
fbem-29588	171	12	bonds	bond	NOUN
fbem-29588	171	13	on	on	ADP
fbem-29588	171	14	the	the	DET
fbem-29588	171	15	value	value	NOUN
fbem-29588	171	16	of	of	ADP
fbem-29588	171	17	enterprises	enterprise	NOUN
fbem-29588	171	18	in	in	ADP
fbem-29588	171	19	different	different	ADJ
fbem-29588	171	20	industries	industry	NOUN
fbem-29588	171	21	is	be	AUX
fbem-29588	171	22	more	more	ADV
fbem-29588	171	23	pronounced	pronounced	ADJ
fbem-29588	171	24	in	in	ADP
fbem-29588	171	25	heavily	heavily	ADV
fbem-29588	171	26	polluting	pollute	VERB
fbem-29588	171	27	industries	industry	NOUN
fbem-29588	171	28	.	.	PUNCT
fbem-29588	172	1	69	69	NUM
fbem-29588	172	2	table	table	NOUN
fbem-29588	172	3	5	5	NUM
fbem-29588	172	4	.	.	PUNCT
fbem-29588	172	5	industry	industry	NOUN
fbem-29588	172	6	heterogeneity	heterogeneity	NOUN
fbem-29588	172	7	results	result	VERB
fbem-29588	172	8	variables	variable	NOUN
fbem-29588	172	9	(	(	PUNCT
fbem-29588	172	10	1	1	X
fbem-29588	172	11	)	)	PUNCT
fbem-29588	172	12	heavy	heavy	ADJ
fbem-29588	172	13	polluting	polluting	NOUN
fbem-29588	172	14	industries	industry	NOUN
fbem-29588	172	15	(	(	PUNCT
fbem-29588	172	16	2	2	NUM
fbem-29588	172	17	)	)	PUNCT
fbem-29588	172	18	non	non	ADJ
fbem-29588	172	19	-	-	ADJ
fbem-29588	172	20	heavy	heavy	ADJ
fbem-29588	172	21	polluting	polluting	NOUN
fbem-29588	172	22	industries	industry	NOUN
fbem-29588	172	23	did	do	VERB
fbem-29588	172	24	0.142	0.142	NUM
fbem-29588	172	25	*	*	PUNCT
fbem-29588	172	26	*	*	PUNCT
fbem-29588	172	27	*	*	X
fbem-29588	172	28	0.064	0.064	NUM
fbem-29588	172	29	(	(	PUNCT
fbem-29588	172	30	2.959	2.959	NUM
fbem-29588	172	31	)	)	PUNCT
fbem-29588	172	32	(	(	PUNCT
fbem-29588	172	33	1.536	1.536	NUM
fbem-29588	172	34	)	)	PUNCT
fbem-29588	172	35	size	size	NOUN
fbem-29588	172	36	-0.307	-0.307	NUM
fbem-29588	172	37	*	*	PUNCT
fbem-29588	172	38	*	*	PUNCT
fbem-29588	172	39	*	*	PUNCT
fbem-29588	172	40	-0.362	-0.362	PUNCT
fbem-29588	172	41	*	*	PUNCT
fbem-29588	172	42	*	*	PUNCT
fbem-29588	172	43	*	*	PUNCT
fbem-29588	172	44	(	(	PUNCT
fbem-29588	172	45	-5.592	-5.592	NOUN
fbem-29588	172	46	)	)	PUNCT
fbem-29588	172	47	(	(	PUNCT
fbem-29588	172	48	-12.964	-12.964	PROPN
fbem-29588	172	49	)	)	PUNCT
fbem-29588	172	50	lev	lev	NOUN
fbem-29588	172	51	0.139	0.139	NUM
fbem-29588	172	52	0.224	0.224	NUM
fbem-29588	172	53	*	*	SYM
fbem-29588	172	54	*	*	PUNCT
fbem-29588	172	55	(	(	PUNCT
fbem-29588	172	56	0.748	0.748	NUM
fbem-29588	172	57	)	)	PUNCT
fbem-29588	172	58	(	(	PUNCT
fbem-29588	172	59	2.575	2.575	NUM
fbem-29588	172	60	)	)	PUNCT
fbem-29588	172	61	roa	roa	NOUN
fbem-29588	172	62	1.839	1.839	NUM
fbem-29588	172	63	*	*	PUNCT
fbem-29588	172	64	*	*	PUNCT
fbem-29588	172	65	*	*	PUNCT
fbem-29588	172	66	1.245	1.245	NUM
fbem-29588	172	67	*	*	PUNCT
fbem-29588	172	68	*	*	PUNCT
fbem-29588	172	69	*	*	PUNCT
fbem-29588	172	70	(	(	PUNCT
fbem-29588	172	71	7.165	7.165	NUM
fbem-29588	172	72	)	)	PUNCT
fbem-29588	172	73	(	(	PUNCT
fbem-29588	172	74	10.040	10.040	NUM
fbem-29588	172	75	)	)	PUNCT
fbem-29588	172	76	ato	ato	NOUN
fbem-29588	172	77	0.178	0.178	NUM
fbem-29588	172	78	*	*	PUNCT
fbem-29588	172	79	*	*	PUNCT
fbem-29588	172	80	*	*	PUNCT
fbem-29588	172	81	0.175	0.175	NUM
fbem-29588	172	82	*	*	PUNCT
fbem-29588	172	83	*	*	PUNCT
fbem-29588	172	84	*	*	PUNCT
fbem-29588	172	85	(	(	PUNCT
fbem-29588	172	86	3.068	3.068	NUM
fbem-29588	172	87	)	)	PUNCT
fbem-29588	172	88	(	(	PUNCT
fbem-29588	172	89	4.463	4.463	NUM
fbem-29588	172	90	)	)	PUNCT
fbem-29588	172	91	cashflow	cashflow	ADJ
fbem-29588	172	92	0.308	0.308	NUM
fbem-29588	172	93	*	*	PUNCT
fbem-29588	172	94	0.384	0.384	NUM
fbem-29588	172	95	*	*	PUNCT
fbem-29588	172	96	*	*	PUNCT
fbem-29588	172	97	*	*	PUNCT
fbem-29588	172	98	(	(	PUNCT
fbem-29588	172	99	1.909	1.909	NUM
fbem-29588	172	100	)	)	PUNCT
fbem-29588	172	101	(	(	PUNCT
fbem-29588	172	102	4.131	4.131	NUM
fbem-29588	172	103	)	)	PUNCT
fbem-29588	172	104	growth	growth	NOUN
fbem-29588	172	105	-0.008	-0.008	INTJ
fbem-29588	172	106	-0.032	-0.032	PUNCT
fbem-29588	172	107	*	*	PUNCT
fbem-29588	172	108	*	*	PUNCT
fbem-29588	172	109	(	(	PUNCT
fbem-29588	172	110	-0.282	-0.282	PROPN
fbem-29588	172	111	)	)	PUNCT
fbem-29588	172	112	(	(	PUNCT
fbem-29588	172	113	-2.295	-2.295	NOUN
fbem-29588	172	114	)	)	PUNCT
fbem-29588	172	115	board	board	NOUN
fbem-29588	172	116	0.099	0.099	NUM
fbem-29588	172	117	0.072	0.072	NUM
fbem-29588	172	118	(	(	PUNCT
fbem-29588	172	119	0.699	0.699	NUM
fbem-29588	172	120	)	)	PUNCT
fbem-29588	172	121	(	(	PUNCT
fbem-29588	172	122	1.103	1.103	NUM
fbem-29588	172	123	)	)	PUNCT
fbem-29588	172	124	indep	indep	NOUN
fbem-29588	172	125	0.008	0.008	NUM
fbem-29588	172	126	*	*	SYM
fbem-29588	172	127	0.002	0.002	NUM
fbem-29588	172	128	(	(	PUNCT
fbem-29588	172	129	1.855	1.855	NUM
fbem-29588	172	130	)	)	PUNCT
fbem-29588	172	131	(	(	PUNCT
fbem-29588	172	132	1.216	1.216	NUM
fbem-29588	172	133	)	)	PUNCT
fbem-29588	172	134	top1	top1	PROPN
fbem-29588	172	135	-0.434	-0.434	PUNCT
fbem-29588	172	136	-0.313	-0.313	PUNCT
fbem-29588	173	1	*	*	PUNCT
fbem-29588	173	2	*	*	PUNCT
fbem-29588	173	3	(	(	PUNCT
fbem-29588	173	4	-1.442	-1.442	NUM
fbem-29588	173	5	)	)	PUNCT
fbem-29588	173	6	(	(	PUNCT
fbem-29588	173	7	-1.988	-1.988	NOUN
fbem-29588	173	8	)	)	PUNCT
fbem-29588	173	9	firmage	firmage	NOUN
fbem-29588	173	10	-0.303	-0.303	X
fbem-29588	173	11	-0.145	-0.145	PROPN
fbem-29588	173	12	(	(	PUNCT
fbem-29588	173	13	-0.653	-0.653	NOUN
fbem-29588	173	14	)	)	PUNCT
fbem-29588	173	15	(	(	PUNCT
fbem-29588	173	16	-0.661	-0.661	NOUN
fbem-29588	173	17	)	)	PUNCT
fbem-29588	173	18	constant	constant	ADJ
fbem-29588	173	19	9.326	9.326	NUM
fbem-29588	173	20	*	*	PUNCT
fbem-29588	173	21	*	*	PUNCT
fbem-29588	173	22	*	*	PUNCT
fbem-29588	173	23	10.596	10.596	NUM
fbem-29588	173	24	*	*	PUNCT
fbem-29588	173	25	*	*	PUNCT
fbem-29588	173	26	*	*	PUNCT
fbem-29588	173	27	(	(	PUNCT
fbem-29588	173	28	5.435	5.435	NUM
fbem-29588	173	29	)	)	PUNCT
fbem-29588	173	30	(	(	PUNCT
fbem-29588	173	31	11.669	11.669	NUM
fbem-29588	173	32	)	)	PUNCT
fbem-29588	173	33	observation	observation	NOUN
fbem-29588	173	34	value	value	NOUN
fbem-29588	173	35	3,326	3,326	NUM
fbem-29588	173	36	11,028	11,028	NUM
fbem-29588	173	37	r2	r2	NOUN
fbem-29588	173	38	0.405	0.405	NUM
fbem-29588	173	39	0.439	0.439	NUM
fbem-29588	173	40	individual	individual	ADJ
fbem-29588	173	41	fixed	fix	VERB
fbem-29588	173	42	effects	effect	NOUN
fbem-29588	174	1	yes	yes	INTJ
fbem-29588	174	2	yes	yes	INTJ
fbem-29588	174	3	fixed	fix	VERB
fbem-29588	174	4	year	year	NOUN
fbem-29588	174	5	effect	effect	NOUN
fbem-29588	175	1	yes	yes	INTJ
fbem-29588	175	2	yes	yes	INTJ
fbem-29588	175	3	note	note	VERB
fbem-29588	175	4	:	:	PUNCT
fbem-29588	175	5	the	the	DET
fbem-29588	175	6	values	value	NOUN
fbem-29588	175	7	in	in	ADP
fbem-29588	175	8	parentheses	parenthesis	NOUN
fbem-29588	175	9	are	be	AUX
fbem-29588	175	10	t	t	NOUN
fbem-29588	175	11	,	,	PUNCT
fbem-29588	175	12	and	and	CCONJ
fbem-29588	175	13	*	*	PUNCT
fbem-29588	175	14	,	,	PUNCT
fbem-29588	175	15	*	*	PUNCT
fbem-29588	175	16	*	*	PUNCT
fbem-29588	175	17	,	,	PUNCT
fbem-29588	175	18	*	*	PUNCT
fbem-29588	175	19	*	*	PUNCT
fbem-29588	175	20	*	*	PUNCT
fbem-29588	175	21	indicate	indicate	VERB
fbem-29588	175	22	significance	significance	NOUN
fbem-29588	175	23	at	at	ADP
fbem-29588	175	24	the	the	DET
fbem-29588	175	25	10	10	NUM
fbem-29588	175	26	%	%	NOUN
fbem-29588	175	27	,	,	PUNCT
fbem-29588	175	28	5	5	NUM
fbem-29588	175	29	%	%	NOUN
fbem-29588	175	30	,	,	PUNCT
fbem-29588	175	31	and	and	CCONJ
fbem-29588	175	32	1	1	NUM
fbem-29588	175	33	%	%	NOUN
fbem-29588	175	34	levels	level	NOUN
fbem-29588	175	35	.	.	PUNCT
fbem-29588	176	1	3.5	3.5	NUM
fbem-29588	176	2	.	.	PUNCT
fbem-29588	176	3	testing	test	VERB
fbem-29588	176	4	the	the	DET
fbem-29588	176	5	intermediary	intermediary	ADJ
fbem-29588	176	6	effect	effect	NOUN
fbem-29588	176	7	mechanism	mechanism	NOUN
fbem-29588	176	8	of	of	ADP
fbem-29588	176	9	financing	finance	VERB
fbem-29588	176	10	debt	debt	NOUN
fbem-29588	176	11	cost	cost	NOUN
fbem-29588	176	12	in	in	ADP
fbem-29588	176	13	order	order	NOUN
fbem-29588	176	14	to	to	PART
fbem-29588	176	15	verify	verify	VERB
fbem-29588	176	16	whether	whether	SCONJ
fbem-29588	176	17	there	there	PRON
fbem-29588	176	18	is	be	VERB
fbem-29588	176	19	a	a	DET
fbem-29588	176	20	mediating	mediate	VERB
fbem-29588	176	21	effect	effect	NOUN
fbem-29588	176	22	of	of	ADP
fbem-29588	176	23	financing	finance	VERB
fbem-29588	176	24	debt	debt	NOUN
fbem-29588	176	25	cost	cost	NOUN
fbem-29588	176	26	on	on	ADP
fbem-29588	176	27	the	the	DET
fbem-29588	176	28	impact	impact	NOUN
fbem-29588	176	29	path	path	NOUN
fbem-29588	176	30	of	of	ADP
fbem-29588	176	31	issuing	issue	VERB
fbem-29588	176	32	green	green	ADJ
fbem-29588	176	33	bonds	bond	NOUN
fbem-29588	176	34	on	on	ADP
fbem-29588	176	35	corporate	corporate	ADJ
fbem-29588	176	36	value	value	NOUN
fbem-29588	176	37	,	,	PUNCT
fbem-29588	176	38	this	this	DET
fbem-29588	176	39	paper	paper	NOUN
fbem-29588	176	40	adopts	adopt	VERB
fbem-29588	176	41	a	a	DET
fbem-29588	176	42	stepwise	stepwise	ADJ
fbem-29588	176	43	approach	approach	NOUN
fbem-29588	176	44	to	to	PART
fbem-29588	176	45	verify	verify	VERB
fbem-29588	176	46	the	the	DET
fbem-29588	176	47	mediating	mediate	VERB
fbem-29588	176	48	effect	effect	NOUN
fbem-29588	176	49	.	.	PUNCT
fbem-29588	177	1	the	the	DET
fbem-29588	177	2	first	first	ADJ
fbem-29588	177	3	step	step	NOUN
fbem-29588	177	4	is	be	AUX
fbem-29588	177	5	to	to	PART
fbem-29588	177	6	verify	verify	VERB
fbem-29588	177	7	the	the	DET
fbem-29588	177	8	relationship	relationship	NOUN
fbem-29588	177	9	between	between	ADP
fbem-29588	177	10	the	the	DET
fbem-29588	177	11	independent	independent	ADJ
fbem-29588	177	12	variable	variable	NOUN
fbem-29588	177	13	did	do	VERB
fbem-29588	177	14	and	and	CCONJ
fbem-29588	177	15	the	the	DET
fbem-29588	177	16	dependent	dependent	ADJ
fbem-29588	177	17	variable	variable	ADJ
fbem-29588	177	18	tobinq	tobinq	NOUN
fbem-29588	177	19	.	.	PUNCT
fbem-29588	178	1	as	as	SCONJ
fbem-29588	178	2	demonstrated	demonstrate	VERB
fbem-29588	178	3	in	in	ADP
fbem-29588	178	4	the	the	DET
fbem-29588	178	5	previous	previous	ADJ
fbem-29588	178	6	benchmark	benchmark	NOUN
fbem-29588	178	7	regression	regression	NOUN
fbem-29588	178	8	,	,	PUNCT
fbem-29588	178	9	did	do	AUX
fbem-29588	178	10	is	be	AUX
fbem-29588	178	11	positively	positively	ADV
fbem-29588	178	12	correlated	correlate	VERB
fbem-29588	178	13	with	with	ADP
fbem-29588	178	14	tobinq	tobinq	NOUN
fbem-29588	178	15	at	at	ADP
fbem-29588	178	16	a	a	DET
fbem-29588	178	17	significance	significance	NOUN
fbem-29588	178	18	level	level	NOUN
fbem-29588	178	19	of	of	ADP
fbem-29588	178	20	1	1	NUM
fbem-29588	178	21	%	%	NOUN
fbem-29588	178	22	.	.	PUNCT
fbem-29588	179	1	the	the	DET
fbem-29588	179	2	second	second	ADJ
fbem-29588	179	3	step	step	NOUN
fbem-29588	179	4	is	be	AUX
fbem-29588	179	5	to	to	PART
fbem-29588	179	6	replace	replace	VERB
fbem-29588	179	7	the	the	DET
fbem-29588	179	8	dependent	dependent	ADJ
fbem-29588	179	9	variable	variable	NOUN
fbem-29588	179	10	with	with	ADP
fbem-29588	179	11	the	the	DET
fbem-29588	179	12	mediator	mediator	NOUN
fbem-29588	179	13	volume	volume	NOUN
fbem-29588	179	14	and	and	CCONJ
fbem-29588	179	15	investigate	investigate	VERB
fbem-29588	179	16	whether	whether	SCONJ
fbem-29588	179	17	there	there	PRON
fbem-29588	179	18	is	be	VERB
fbem-29588	179	19	a	a	DET
fbem-29588	179	20	significant	significant	ADJ
fbem-29588	179	21	correlation	correlation	NOUN
fbem-29588	179	22	between	between	ADP
fbem-29588	179	23	the	the	DET
fbem-29588	179	24	independent	independent	ADJ
fbem-29588	179	25	variable	variable	NOUN
fbem-29588	179	26	and	and	CCONJ
fbem-29588	179	27	the	the	DET
fbem-29588	179	28	mediator	mediator	NOUN
fbem-29588	179	29	variable	variable	NOUN
fbem-29588	179	30	.	.	PUNCT
fbem-29588	180	1	the	the	DET
fbem-29588	180	2	results	result	NOUN
fbem-29588	180	3	show	show	VERB
fbem-29588	180	4	that	that	SCONJ
fbem-29588	180	5	at	at	ADP
fbem-29588	180	6	a	a	DET
fbem-29588	180	7	significance	significance	NOUN
fbem-29588	180	8	level	level	NOUN
fbem-29588	180	9	of	of	ADP
fbem-29588	180	10	5	5	NUM
fbem-29588	180	11	%	%	NOUN
fbem-29588	180	12	,	,	PUNCT
fbem-29588	180	13	did	do	AUX
fbem-29588	180	14	is	be	AUX
fbem-29588	180	15	negatively	negatively	ADV
fbem-29588	180	16	correlated	correlate	VERB
fbem-29588	180	17	with	with	ADP
fbem-29588	180	18	cost	cost	NOUN
fbem-29588	180	19	,	,	PUNCT
fbem-29588	180	20	indicating	indicate	VERB
fbem-29588	180	21	that	that	SCONJ
fbem-29588	180	22	issuing	issue	VERB
fbem-29588	180	23	green	green	ADJ
fbem-29588	180	24	bonds	bond	NOUN
fbem-29588	180	25	can	can	AUX
fbem-29588	180	26	reduce	reduce	VERB
fbem-29588	180	27	the	the	DET
fbem-29588	180	28	cost	cost	NOUN
fbem-29588	180	29	of	of	ADP
fbem-29588	180	30	financing	finance	VERB
fbem-29588	180	31	debt	debt	NOUN
fbem-29588	180	32	.	.	PUNCT
fbem-29588	181	1	the	the	DET
fbem-29588	181	2	third	third	ADJ
fbem-29588	181	3	step	step	NOUN
fbem-29588	181	4	is	be	AUX
fbem-29588	181	5	to	to	PART
fbem-29588	181	6	add	add	VERB
fbem-29588	181	7	a	a	DET
fbem-29588	181	8	mediator	mediator	NOUN
fbem-29588	181	9	variable	variable	NOUN
fbem-29588	181	10	to	to	ADP
fbem-29588	181	11	the	the	DET
fbem-29588	181	12	first	first	ADJ
fbem-29588	181	13	step	step	NOUN
fbem-29588	181	14	and	and	CCONJ
fbem-29588	181	15	perform	perform	VERB
fbem-29588	181	16	regression	regression	NOUN
fbem-29588	181	17	again	again	ADV
fbem-29588	181	18	.	.	PUNCT
fbem-29588	182	1	if	if	SCONJ
fbem-29588	182	2	the	the	DET
fbem-29588	182	3	mediator	mediator	NOUN
fbem-29588	182	4	variable	variable	NOUN
fbem-29588	182	5	is	be	AUX
fbem-29588	182	6	significant	significant	ADJ
fbem-29588	182	7	,	,	PUNCT
fbem-29588	182	8	it	it	PRON
fbem-29588	182	9	indicates	indicate	VERB
fbem-29588	182	10	the	the	DET
fbem-29588	182	11	existence	existence	NOUN
fbem-29588	182	12	of	of	ADP
fbem-29588	182	13	a	a	DET
fbem-29588	182	14	mediator	mediator	NOUN
fbem-29588	182	15	effect	effect	NOUN
fbem-29588	182	16	.	.	PUNCT
fbem-29588	183	1	in	in	ADP
fbem-29588	183	2	the	the	DET
fbem-29588	183	3	results	result	NOUN
fbem-29588	183	4	,	,	PUNCT
fbem-29588	183	5	cost	cost	NOUN
fbem-29588	183	6	is	be	AUX
fbem-29588	183	7	negatively	negatively	ADV
fbem-29588	183	8	correlated	correlate	VERB
fbem-29588	183	9	with	with	ADP
fbem-29588	183	10	tobinq	tobinq	NOUN
fbem-29588	183	11	at	at	ADP
fbem-29588	183	12	a	a	DET
fbem-29588	183	13	significance	significance	NOUN
fbem-29588	183	14	level	level	NOUN
fbem-29588	183	15	of	of	ADP
fbem-29588	183	16	1	1	NUM
fbem-29588	183	17	%	%	NOUN
fbem-29588	183	18	,	,	PUNCT
fbem-29588	183	19	indicating	indicate	VERB
fbem-29588	183	20	the	the	DET
fbem-29588	183	21	existence	existence	NOUN
fbem-29588	183	22	of	of	ADP
fbem-29588	183	23	a	a	DET
fbem-29588	183	24	mediator	mediator	NOUN
fbem-29588	183	25	effect	effect	NOUN
fbem-29588	183	26	,	,	PUNCT
fbem-29588	183	27	which	which	PRON
fbem-29588	183	28	is	be	AUX
fbem-29588	183	29	a	a	DET
fbem-29588	183	30	partial	partial	ADJ
fbem-29588	183	31	mediator	mediator	NOUN
fbem-29588	183	32	effect	effect	NOUN
fbem-29588	183	33	.	.	PUNCT
fbem-29588	184	1	the	the	DET
fbem-29588	184	2	indirect	indirect	ADJ
fbem-29588	184	3	effect	effect	NOUN
fbem-29588	184	4	value	value	NOUN
fbem-29588	184	5	is	be	AUX
fbem-29588	184	6	-0.017	-0.017	INTJ
fbem-29588	184	7	*	*	PUNCT
fbem-29588	184	8	-0.154=0.2618	-0.154=0.2618	INTJ
fbem-29588	184	9	%	%	INTJ
fbem-29588	184	10	,	,	PUNCT
fbem-29588	184	11	and	and	CCONJ
fbem-29588	184	12	the	the	DET
fbem-29588	184	13	total	total	ADJ
fbem-29588	184	14	effect	effect	NOUN
fbem-29588	184	15	value	value	NOUN
fbem-29588	184	16	is	be	AUX
fbem-29588	184	17	0.094	0.094	NUM
fbem-29588	184	18	,	,	PUNCT
fbem-29588	184	19	so	so	CCONJ
fbem-29588	184	20	the	the	DET
fbem-29588	184	21	indirect	indirect	ADJ
fbem-29588	184	22	effect	effect	NOUN
fbem-29588	184	23	accounts	account	VERB
fbem-29588	184	24	for	for	ADP
fbem-29588	184	25	2.785	2.785	NUM
fbem-29588	184	26	%	%	NOUN
fbem-29588	184	27	of	of	ADP
fbem-29588	184	28	the	the	DET
fbem-29588	184	29	total	total	ADJ
fbem-29588	184	30	effect	effect	NOUN
fbem-29588	184	31	,	,	PUNCT
fbem-29588	184	32	which	which	PRON
fbem-29588	184	33	indicates	indicate	VERB
fbem-29588	184	34	that	that	SCONJ
fbem-29588	184	35	the	the	DET
fbem-29588	184	36	issuance	issuance	NOUN
fbem-29588	184	37	of	of	ADP
fbem-29588	184	38	green	green	ADJ
fbem-29588	184	39	bonds	bond	NOUN
fbem-29588	184	40	has	have	VERB
fbem-29588	184	41	a	a	DET
fbem-29588	184	42	positive	positive	ADJ
fbem-29588	184	43	impact	impact	NOUN
fbem-29588	184	44	on	on	ADP
fbem-29588	184	45	enterprise	enterprise	NOUN
fbem-29588	184	46	value	value	NOUN
fbem-29588	184	47	by	by	ADP
fbem-29588	184	48	reducing	reduce	VERB
fbem-29588	184	49	the	the	DET
fbem-29588	184	50	cost	cost	NOUN
fbem-29588	184	51	of	of	ADP
fbem-29588	184	52	financing	finance	VERB
fbem-29588	184	53	debt	debt	NOUN
fbem-29588	184	54	.	.	PUNCT
fbem-29588	185	1	table	table	NOUN
fbem-29588	185	2	6	6	NUM
fbem-29588	185	3	.	.	PUNCT
fbem-29588	185	4	intermediary	intermediary	ADJ
fbem-29588	185	5	effect	effect	NOUN
fbem-29588	185	6	of	of	ADP
fbem-29588	185	7	financing	finance	VERB
fbem-29588	185	8	debt	debt	NOUN
fbem-29588	185	9	cost	cost	NOUN
fbem-29588	185	10	variables	variable	NOUN
fbem-29588	185	11	(	(	PUNCT
fbem-29588	185	12	1	1	NUM
fbem-29588	185	13	)	)	PUNCT
fbem-29588	185	14	tobinq	tobinq	NOUN
fbem-29588	185	15	(	(	PUNCT
fbem-29588	185	16	2	2	NUM
fbem-29588	185	17	)	)	PUNCT
fbem-29588	185	18	cost	cost	NOUN
fbem-29588	185	19	(	(	PUNCT
fbem-29588	185	20	3	3	NUM
fbem-29588	185	21	)	)	PUNCT
fbem-29588	185	22	tobinq	tobinq	NOUN
fbem-29588	185	23	did	do	AUX
fbem-29588	185	24	0.094	0.094	NOUN
fbem-29588	185	25	*	*	PUNCT
fbem-29588	185	26	*	*	PUNCT
fbem-29588	185	27	*	*	PUNCT
fbem-29588	185	28	-0.154	-0.154	PROPN
fbem-29588	185	29	*	*	PUNCT
fbem-29588	185	30	*	*	NOUN
fbem-29588	185	31	0.092	0.092	NUM
fbem-29588	185	32	*	*	PUNCT
fbem-29588	185	33	*	*	PUNCT
fbem-29588	185	34	*	*	PUNCT
fbem-29588	185	35	(	(	PUNCT
fbem-29588	185	36	2.936	2.936	NUM
fbem-29588	185	37	)	)	PUNCT
fbem-29588	185	38	(	(	PUNCT
fbem-29588	185	39	-2.293	-2.293	NOUN
fbem-29588	185	40	)	)	PUNCT
fbem-29588	185	41	(	(	PUNCT
fbem-29588	185	42	2.851	2.851	NUM
fbem-29588	185	43	)	)	PUNCT
fbem-29588	185	44	size	size	NOUN
fbem-29588	185	45	-0.017	-0.017	PUNCT
fbem-29588	185	46	*	*	NOUN
fbem-29588	185	47	*	*	PUNCT
fbem-29588	185	48	*	*	PUNCT
fbem-29588	185	49	(	(	PUNCT
fbem-29588	185	50	-2.828	-2.828	NOUN
fbem-29588	185	51	)	)	PUNCT
fbem-29588	185	52	lev	lev	NOUN
fbem-29588	185	53	-0.357	-0.357	NOUN
fbem-29588	185	54	*	*	PUNCT
fbem-29588	185	55	*	*	PUNCT
fbem-29588	185	56	*	*	PUNCT
fbem-29588	185	57	0.050	0.050	NUM
fbem-29588	185	58	-0.356	-0.356	NOUN
fbem-29588	185	59	*	*	PUNCT
fbem-29588	185	60	*	*	PUNCT
fbem-29588	185	61	*	*	PUNCT
fbem-29588	185	62	(	(	PUNCT
fbem-29588	185	63	-14.486	-14.486	PROPN
fbem-29588	185	64	)	)	PUNCT
fbem-29588	185	65	(	(	PUNCT
fbem-29588	185	66	1.117	1.117	NUM
fbem-29588	185	67	)	)	PUNCT
fbem-29588	185	68	(	(	PUNCT
fbem-29588	185	69	-14.473	-14.473	NUM
fbem-29588	185	70	)	)	PUNCT
fbem-29588	185	71	roa	roa	NOUN
fbem-29588	185	72	0.198	0.198	NUM
fbem-29588	185	73	*	*	NOUN
fbem-29588	185	74	*	*	PUNCT
fbem-29588	185	75	1.808	1.808	NUM
fbem-29588	185	76	*	*	PUNCT
fbem-29588	185	77	*	*	PUNCT
fbem-29588	185	78	*	*	PUNCT
fbem-29588	185	79	0.229	0.229	NUM
fbem-29588	185	80	*	*	PUNCT
fbem-29588	185	81	*	*	PUNCT
fbem-29588	185	82	*	*	PUNCT
fbem-29588	185	83	(	(	PUNCT
fbem-29588	185	84	2.527	2.527	NUM
fbem-29588	185	85	)	)	PUNCT
fbem-29588	185	86	(	(	PUNCT
fbem-29588	185	87	11.306	11.306	NUM
fbem-29588	185	88	)	)	PUNCT
fbem-29588	185	89	(	(	PUNCT
fbem-29588	185	90	2.919	2.919	NUM
fbem-29588	185	91	)	)	PUNCT
fbem-29588	185	92	ato	ato	NOUN
fbem-29588	185	93	1.401	1.401	NUM
fbem-29588	185	94	*	*	PUNCT
fbem-29588	185	95	*	*	PUNCT
fbem-29588	185	96	*	*	PUNCT
fbem-29588	185	97	-2.458	-2.458	ADJ
fbem-29588	185	98	*	*	PUNCT
fbem-29588	185	99	*	*	PUNCT
fbem-29588	185	100	*	*	PUNCT
fbem-29588	185	101	1.358	1.358	NUM
fbem-29588	185	102	*	*	PUNCT
fbem-29588	185	103	*	*	PUNCT
fbem-29588	185	104	*	*	PUNCT
fbem-29588	185	105	(	(	PUNCT
fbem-29588	185	106	12.323	12.323	NUM
fbem-29588	185	107	)	)	PUNCT
fbem-29588	185	108	(	(	PUNCT
fbem-29588	185	109	-9.989	-9.989	PROPN
fbem-29588	185	110	)	)	PUNCT
fbem-29588	185	111	(	(	PUNCT
fbem-29588	185	112	11.980	11.980	NUM
fbem-29588	185	113	)	)	PUNCT
fbem-29588	185	114	cashflow	cashflow	ADJ
fbem-29588	185	115	0.181	0.181	NUM
fbem-29588	185	116	*	*	PUNCT
fbem-29588	185	117	*	*	PUNCT
fbem-29588	185	118	*	*	PUNCT
fbem-29588	185	119	-0.130	-0.130	PUNCT
fbem-29588	185	120	*	*	NOUN
fbem-29588	185	121	0.179	0.179	NUM
fbem-29588	185	122	*	*	PUNCT
fbem-29588	185	123	*	*	PUNCT
fbem-29588	185	124	*	*	PUNCT
fbem-29588	185	125	(	(	PUNCT
fbem-29588	185	126	5.691	5.691	NUM
fbem-29588	185	127	)	)	PUNCT
fbem-29588	185	128	(	(	PUNCT
fbem-29588	185	129	-1.792	-1.792	NOUN
fbem-29588	185	130	)	)	PUNCT
fbem-29588	185	131	(	(	PUNCT
fbem-29588	185	132	5.611	5.611	NUM
fbem-29588	185	133	)	)	PUNCT
fbem-29588	185	134	growth	growth	NOUN
fbem-29588	185	135	0.398	0.398	NUM
fbem-29588	185	136	*	*	PUNCT
fbem-29588	185	137	*	*	PUNCT
fbem-29588	185	138	*	*	PUNCT
fbem-29588	185	139	1.785	1.785	NUM
fbem-29588	185	140	*	*	PUNCT
fbem-29588	185	141	*	*	PUNCT
fbem-29588	185	142	*	*	PUNCT
fbem-29588	185	143	0.429	0.429	NUM
fbem-29588	185	144	*	*	PUNCT
fbem-29588	185	145	*	*	PUNCT
fbem-29588	185	146	*	*	PUNCT
fbem-29588	185	147	(	(	PUNCT
fbem-29588	185	148	4.897	4.897	NUM
fbem-29588	185	149	)	)	PUNCT
fbem-29588	185	150	(	(	PUNCT
fbem-29588	185	151	9.281	9.281	NUM
fbem-29588	185	152	)	)	PUNCT
fbem-29588	185	153	(	(	PUNCT
fbem-29588	185	154	5.287	5.287	NUM
fbem-29588	185	155	)	)	PUNCT
fbem-29588	185	156	board	board	NOUN
fbem-29588	185	157	-0.024	-0.024	NOUN
fbem-29588	185	158	*	*	PROPN
fbem-29588	185	159	*	*	PUNCT
fbem-29588	186	1	-0.166	-0.166	PUNCT
fbem-29588	187	1	*	*	PUNCT
fbem-29588	187	2	*	*	PUNCT
fbem-29588	187	3	*	*	PUNCT
fbem-29588	187	4	-0.027	-0.027	PUNCT
fbem-29588	187	5	*	*	PUNCT
fbem-29588	187	6	*	*	PUNCT
fbem-29588	187	7	(	(	PUNCT
fbem-29588	187	8	-1.983	-1.983	NUM
fbem-29588	187	9	)	)	PUNCT
fbem-29588	187	10	(	(	PUNCT
fbem-29588	187	11	-5.612	-5.612	NUM
fbem-29588	187	12	)	)	PUNCT
fbem-29588	187	13	(	(	PUNCT
fbem-29588	187	14	-2.223	-2.223	X
fbem-29588	187	15	)	)	PUNCT
fbem-29588	187	16	indep	indep	NOUN
fbem-29588	187	17	0.075	0.075	NUM
fbem-29588	187	18	0.008	0.008	NUM
fbem-29588	187	19	0.075	0.075	NUM
fbem-29588	187	20	(	(	PUNCT
fbem-29588	187	21	1.278	1.278	NUM
fbem-29588	187	22	)	)	PUNCT
fbem-29588	187	23	(	(	PUNCT
fbem-29588	187	24	0.065	0.065	NUM
fbem-29588	187	25	)	)	PUNCT
fbem-29588	187	26	(	(	PUNCT
fbem-29588	187	27	1.281	1.281	NUM
fbem-29588	187	28	)	)	PUNCT
fbem-29588	187	29	top1	top1	PROPN
fbem-29588	187	30	0.003	0.003	NUM
fbem-29588	187	31	*	*	NOUN
fbem-29588	187	32	0.004	0.004	NUM
fbem-29588	187	33	0.003	0.003	NUM
fbem-29588	187	34	*	*	PUNCT
fbem-29588	187	35	(	(	PUNCT
fbem-29588	187	36	1.808	1.808	NUM
fbem-29588	187	37	)	)	PUNCT
fbem-29588	187	38	(	(	PUNCT
fbem-29588	187	39	1.185	1.185	NUM
fbem-29588	187	40	)	)	PUNCT
fbem-29588	187	41	(	(	PUNCT
fbem-29588	187	42	1.843	1.843	NUM
fbem-29588	187	43	)	)	PUNCT
fbem-29588	187	44	firmage	firmage	NOUN
fbem-29588	187	45	-0.326	-0.326	PUNCT
fbem-29588	187	46	*	*	PUNCT
fbem-29588	187	47	*	*	PUNCT
fbem-29588	188	1	-0.623	-0.623	ADJ
fbem-29588	188	2	*	*	PUNCT
fbem-29588	188	3	*	*	PUNCT
fbem-29588	188	4	-0.336	-0.336	PROPN
fbem-29588	189	1	*	*	PUNCT
fbem-29588	189	2	*	*	PUNCT
fbem-29588	189	3	(	(	PUNCT
fbem-29588	189	4	-2.326	-2.326	NOUN
fbem-29588	189	5	)	)	PUNCT
fbem-29588	189	6	(	(	PUNCT
fbem-29588	189	7	-2.415	-2.415	NOUN
fbem-29588	189	8	)	)	PUNCT
fbem-29588	189	9	(	(	PUNCT
fbem-29588	189	10	-2.403	-2.403	X
fbem-29588	189	11	)	)	PUNCT
fbem-29588	189	12	constant	constant	ADJ
fbem-29588	189	13	-0.135	-0.135	NUM
fbem-29588	189	14	0.813	0.813	NUM
fbem-29588	189	15	*	*	NOUN
fbem-29588	189	16	*	*	PUNCT
fbem-29588	189	17	-0.121	-0.121	X
fbem-29588	189	18	(	(	PUNCT
fbem-29588	189	19	-0.679	-0.679	NOUN
fbem-29588	189	20	)	)	PUNCT
fbem-29588	189	21	(	(	PUNCT
fbem-29588	189	22	2.035	2.035	NUM
fbem-29588	189	23	)	)	PUNCT
fbem-29588	189	24	(	(	PUNCT
fbem-29588	189	25	-0.608	-0.608	ADJ
fbem-29588	189	26	)	)	PUNCT
fbem-29588	189	27	observation	observation	NOUN
fbem-29588	189	28	value	value	NOUN
fbem-29588	189	29	10.344	10.344	NUM
fbem-29588	189	30	*	*	PUNCT
fbem-29588	189	31	*	*	PUNCT
fbem-29588	189	32	*	*	PUNCT
fbem-29588	189	33	-1.906	-1.906	PUNCT
fbem-29588	190	1	10.311	10.311	NUM
fbem-29588	190	2	*	*	PUNCT
fbem-29588	190	3	*	*	PUNCT
fbem-29588	190	4	*	*	PUNCT
fbem-29588	190	5	r2	r2	PROPN
fbem-29588	190	6	(	(	PUNCT
fbem-29588	190	7	12.927	12.927	NUM
fbem-29588	190	8	)	)	PUNCT
fbem-29588	190	9	(	(	PUNCT
fbem-29588	190	10	-1.291	-1.291	NOUN
fbem-29588	190	11	)	)	PUNCT
fbem-29588	190	12	(	(	PUNCT
fbem-29588	190	13	12.919	12.919	NUM
fbem-29588	190	14	)	)	PUNCT
fbem-29588	190	15	individual	individual	ADJ
fbem-29588	190	16	fixed	fix	VERB
fbem-29588	190	17	effects	effect	NOUN
fbem-29588	190	18	14,354	14,354	NUM
fbem-29588	190	19	14,354	14,354	NUM
fbem-29588	190	20	14,354	14,354	NUM
fbem-29588	190	21	fixed	fix	VERB
fbem-29588	190	22	year	year	NOUN
fbem-29588	190	23	effect	effect	NOUN
fbem-29588	190	24	0.431	0.431	NUM
fbem-29588	190	25	0.124	0.124	NUM
fbem-29588	190	26	0.432	0.432	NUM
fbem-29588	190	27	note	note	NOUN
fbem-29588	190	28	:	:	PUNCT
fbem-29588	190	29	the	the	DET
fbem-29588	190	30	values	value	NOUN
fbem-29588	190	31	in	in	ADP
fbem-29588	190	32	parentheses	parenthesis	NOUN
fbem-29588	190	33	are	be	AUX
fbem-29588	190	34	t	t	NOUN
fbem-29588	190	35	,	,	PUNCT
fbem-29588	190	36	and	and	CCONJ
fbem-29588	190	37	*	*	PUNCT
fbem-29588	190	38	,	,	PUNCT
fbem-29588	190	39	*	*	PUNCT
fbem-29588	190	40	*	*	PUNCT
fbem-29588	190	41	,	,	PUNCT
fbem-29588	190	42	*	*	PUNCT
fbem-29588	190	43	*	*	PUNCT
fbem-29588	190	44	*	*	PUNCT
fbem-29588	190	45	indicate	indicate	VERB
fbem-29588	190	46	significance	significance	NOUN
fbem-29588	190	47	at	at	ADP
fbem-29588	190	48	the	the	DET
fbem-29588	190	49	10	10	NUM
fbem-29588	190	50	%	%	NOUN
fbem-29588	190	51	,	,	PUNCT
fbem-29588	190	52	5	5	NUM
fbem-29588	190	53	%	%	NOUN
fbem-29588	190	54	,	,	PUNCT
fbem-29588	190	55	and	and	CCONJ
fbem-29588	190	56	1	1	NUM
fbem-29588	190	57	%	%	NOUN
fbem-29588	190	58	levels	level	NOUN
fbem-29588	190	59	.	.	PUNCT
fbem-29588	191	1	4	4	X
fbem-29588	191	2	.	.	X
fbem-29588	191	3	conclusion	conclusion	NOUN
fbem-29588	191	4	and	and	CCONJ
fbem-29588	191	5	suggestions	suggestion	NOUN
fbem-29588	191	6	this	this	DET
fbem-29588	191	7	study	study	NOUN
fbem-29588	191	8	is	be	AUX
fbem-29588	191	9	based	base	VERB
fbem-29588	191	10	on	on	ADP
fbem-29588	191	11	relevant	relevant	ADJ
fbem-29588	191	12	data	datum	NOUN
fbem-29588	191	13	of	of	ADP
fbem-29588	191	14	listed	list	VERB
fbem-29588	191	15	companies	company	NOUN
fbem-29588	191	16	in	in	ADP
fbem-29588	191	17	china	china	PROPN
fbem-29588	191	18	,	,	PUNCT
fbem-29588	191	19	and	and	CCONJ
fbem-29588	191	20	uses	use	VERB
fbem-29588	191	21	a	a	DET
fbem-29588	191	22	multi	multi	ADJ
fbem-29588	191	23	period	period	NOUN
fbem-29588	191	24	difference	difference	NOUN
fbem-29588	191	25	in	in	ADP
fbem-29588	191	26	differences	difference	NOUN
fbem-29588	191	27	(	(	PUNCT
fbem-29588	191	28	did	do	AUX
fbem-29588	191	29	)	)	PUNCT
fbem-29588	191	30	model	model	NOUN
fbem-29588	191	31	to	to	PART
fbem-29588	191	32	empirically	empirically	ADV
fbem-29588	191	33	analyze	analyze	VERB
fbem-29588	191	34	the	the	DET
fbem-29588	191	35	impact	impact	NOUN
fbem-29588	191	36	of	of	ADP
fbem-29588	191	37	issuing	issue	VERB
fbem-29588	191	38	green	green	ADJ
fbem-29588	191	39	bonds	bond	NOUN
fbem-29588	191	40	on	on	ADP
fbem-29588	191	41	their	their	PRON
fbem-29588	191	42	enterprise	enterprise	NOUN
fbem-29588	191	43	value	value	NOUN
fbem-29588	191	44	(	(	PUNCT
fbem-29588	191	45	tobinq	tobinq	ADJ
fbem-29588	191	46	)	)	PUNCT
fbem-29588	191	47	.	.	PUNCT
fbem-29588	192	1	by	by	ADP
fbem-29588	192	2	using	use	VERB
fbem-29588	192	3	methods	method	NOUN
fbem-29588	192	4	such	such	ADJ
fbem-29588	192	5	as	as	ADP
fbem-29588	192	6	parallel	parallel	ADJ
fbem-29588	192	7	trend	trend	NOUN
fbem-29588	192	8	testing	testing	NOUN
fbem-29588	192	9	,	,	PUNCT
fbem-29588	192	10	psm	psm	NOUN
fbem-29588	192	11	-	-	PUNCT
fbem-29588	192	12	did	do	VERB
fbem-29588	192	13	,	,	PUNCT
fbem-29588	192	14	and	and	CCONJ
fbem-29588	192	15	mediation	mediation	NOUN
fbem-29588	192	16	effect	effect	NOUN
fbem-29588	192	17	testing	test	VERB
fbem-29588	192	18	to	to	PART
fbem-29588	192	19	comprehensively	comprehensively	ADV
fbem-29588	192	20	validate	validate	VERB
fbem-29588	192	21	the	the	DET
fbem-29588	192	22	data	datum	NOUN
fbem-29588	192	23	,	,	PUNCT
fbem-29588	192	24	the	the	DET
fbem-29588	192	25	following	follow	VERB
fbem-29588	192	26	main	main	ADJ
fbem-29588	192	27	conclusions	conclusion	NOUN
fbem-29588	192	28	were	be	AUX
fbem-29588	192	29	drawn	draw	VERB
fbem-29588	192	30	:	:	PUNCT
fbem-29588	192	31	firstly	firstly	ADV
fbem-29588	192	32	,	,	PUNCT
fbem-29588	192	33	from	from	ADP
fbem-29588	192	34	the	the	DET
fbem-29588	192	35	perspective	perspective	NOUN
fbem-29588	192	36	of	of	ADP
fbem-29588	192	37	the	the	DET
fbem-29588	192	38	overall	overall	ADJ
fbem-29588	192	39	sample	sample	NOUN
fbem-29588	192	40	,	,	PUNCT
fbem-29588	192	41	there	there	PRON
fbem-29588	192	42	is	be	VERB
fbem-29588	192	43	a	a	DET
fbem-29588	192	44	significant	significant	ADJ
fbem-29588	192	45	positive	positive	ADJ
fbem-29588	192	46	correlation	correlation	NOUN
fbem-29588	192	47	between	between	ADP
fbem-29588	192	48	the	the	DET
fbem-29588	192	49	issuance	issuance	NOUN
fbem-29588	192	50	of	of	ADP
fbem-29588	192	51	green	green	ADJ
fbem-29588	192	52	bonds	bond	NOUN
fbem-29588	192	53	and	and	CCONJ
fbem-29588	192	54	enterprise	enterprise	NOUN
fbem-29588	192	55	value	value	NOUN
fbem-29588	192	56	(	(	PUNCT
fbem-29588	192	57	tobinq	tobinq	ADJ
fbem-29588	192	58	)	)	PUNCT
fbem-29588	192	59	.	.	PUNCT
fbem-29588	193	1	issuing	issue	VERB
fbem-29588	193	2	green	green	ADJ
fbem-29588	193	3	bonds	bond	NOUN
fbem-29588	193	4	can	can	AUX
fbem-29588	193	5	significantly	significantly	ADV
fbem-29588	193	6	increase	increase	VERB
fbem-29588	193	7	the	the	DET
fbem-29588	193	8	market	market	NOUN
fbem-29588	193	9	value	value	NOUN
fbem-29588	193	10	of	of	ADP
fbem-29588	193	11	enterprises	enterprise	NOUN
fbem-29588	193	12	,	,	PUNCT
fbem-29588	193	13	which	which	PRON
fbem-29588	193	14	verifies	verify	VERB
fbem-29588	193	15	the	the	DET
fbem-29588	193	16	positive	positive	ADJ
fbem-29588	193	17	role	role	NOUN
fbem-29588	193	18	of	of	ADP
fbem-29588	193	19	green	green	ADJ
fbem-29588	193	20	financial	financial	ADJ
fbem-29588	193	21	instruments	instrument	NOUN
fbem-29588	193	22	in	in	ADP
fbem-29588	193	23	promoting	promote	VERB
fbem-29588	193	24	enterprise	enterprise	NOUN
fbem-29588	193	25	value	value	NOUN
fbem-29588	193	26	enhancement	enhancement	NOUN
fbem-29588	193	27	.	.	PUNCT
fbem-29588	194	1	secondly	secondly	ADV
fbem-29588	194	2	,	,	PUNCT
fbem-29588	194	3	the	the	DET
fbem-29588	194	4	heterogeneity	heterogeneity	NOUN
fbem-29588	194	5	test	test	NOUN
fbem-29588	194	6	of	of	ADP
fbem-29588	194	7	enterprises	enterprise	NOUN
fbem-29588	194	8	shows	show	VERB
fbem-29588	194	9	that	that	SCONJ
fbem-29588	194	10	the	the	DET
fbem-29588	194	11	issuance	issuance	NOUN
fbem-29588	194	12	of	of	ADP
fbem-29588	194	13	green	green	ADJ
fbem-29588	194	14	bonds	bond	NOUN
fbem-29588	194	15	has	have	VERB
fbem-29588	194	16	different	different	ADJ
fbem-29588	194	17	impacts	impact	NOUN
fbem-29588	194	18	on	on	ADP
fbem-29588	194	19	different	different	ADJ
fbem-29588	194	20	types	type	NOUN
fbem-29588	194	21	of	of	ADP
fbem-29588	194	22	enterprises	enterprise	NOUN
fbem-29588	194	23	in	in	ADP
fbem-29588	194	24	terms	term	NOUN
fbem-29588	194	25	of	of	ADP
fbem-29588	194	26	industry	industry	NOUN
fbem-29588	194	27	categories	category	NOUN
fbem-29588	194	28	.	.	PUNCT
fbem-29588	195	1	compared	compare	VERB
fbem-29588	195	2	with	with	ADP
fbem-29588	195	3	non	non	ADJ
fbem-29588	195	4	-	-	ADJ
fbem-29588	195	5	polluting	polluting	ADJ
fbem-29588	195	6	industries	industry	NOUN
fbem-29588	195	7	,	,	PUNCT
fbem-29588	195	8	the	the	DET
fbem-29588	195	9	issuance	issuance	NOUN
fbem-29588	195	10	of	of	ADP
fbem-29588	195	11	green	green	ADJ
fbem-29588	195	12	bonds	bond	NOUN
fbem-29588	195	13	has	have	VERB
fbem-29588	195	14	a	a	DET
fbem-29588	195	15	more	more	ADV
fbem-29588	195	16	significant	significant	ADJ
fbem-29588	195	17	promoting	promote	VERB
fbem-29588	195	18	effect	effect	NOUN
fbem-29588	195	19	on	on	ADP
fbem-29588	195	20	the	the	DET
fbem-29588	195	21	enterprise	enterprise	NOUN
fbem-29588	195	22	value	value	NOUN
fbem-29588	195	23	of	of	ADP
fbem-29588	195	24	polluting	polluting	NOUN
fbem-29588	195	25	industries	industry	NOUN
fbem-29588	195	26	,	,	PUNCT
fbem-29588	195	27	indicating	indicate	VERB
fbem-29588	195	28	that	that	SCONJ
fbem-29588	195	29	green	green	ADJ
fbem-29588	195	30	bonds	bond	NOUN
fbem-29588	195	31	have	have	VERB
fbem-29588	195	32	a	a	DET
fbem-29588	195	33	stronger	strong	ADJ
fbem-29588	195	34	driving	driving	NOUN
fbem-29588	195	35	effect	effect	NOUN
fbem-29588	195	36	on	on	ADP
fbem-29588	195	37	environmental	environmental	ADJ
fbem-29588	195	38	protection	protection	NOUN
fbem-29588	195	39	and	and	CCONJ
fbem-29588	195	40	pollution	pollution	NOUN
fbem-29588	195	41	control	control	NOUN
fbem-29588	195	42	related	relate	VERB
fbem-29588	195	43	industries	industry	NOUN
fbem-29588	195	44	.	.	PUNCT
fbem-29588	196	1	in	in	ADP
fbem-29588	196	2	terms	term	NOUN
fbem-29588	196	3	of	of	ADP
fbem-29588	196	4	regional	regional	ADJ
fbem-29588	196	5	70	70	NUM
fbem-29588	196	6	differences	difference	NOUN
fbem-29588	196	7	,	,	PUNCT
fbem-29588	196	8	the	the	DET
fbem-29588	196	9	issuance	issuance	NOUN
fbem-29588	196	10	of	of	ADP
fbem-29588	196	11	green	green	ADJ
fbem-29588	196	12	bonds	bond	NOUN
fbem-29588	196	13	has	have	VERB
fbem-29588	196	14	a	a	DET
fbem-29588	196	15	significant	significant	ADJ
fbem-29588	196	16	effect	effect	NOUN
fbem-29588	196	17	on	on	ADP
fbem-29588	196	18	enhancing	enhance	VERB
fbem-29588	196	19	the	the	DET
fbem-29588	196	20	value	value	NOUN
fbem-29588	196	21	of	of	ADP
fbem-29588	196	22	enterprises	enterprise	NOUN
fbem-29588	196	23	in	in	ADP
fbem-29588	196	24	the	the	DET
fbem-29588	196	25	eastern	eastern	ADJ
fbem-29588	196	26	region	region	NOUN
fbem-29588	196	27	,	,	PUNCT
fbem-29588	196	28	while	while	SCONJ
fbem-29588	196	29	its	its	PRON
fbem-29588	196	30	impact	impact	NOUN
fbem-29588	196	31	on	on	ADP
fbem-29588	196	32	enterprises	enterprise	NOUN
fbem-29588	196	33	in	in	ADP
fbem-29588	196	34	the	the	DET
fbem-29588	196	35	central	central	ADJ
fbem-29588	196	36	and	and	CCONJ
fbem-29588	196	37	western	western	ADJ
fbem-29588	196	38	regions	region	NOUN
fbem-29588	196	39	is	be	AUX
fbem-29588	196	40	relatively	relatively	ADV
fbem-29588	196	41	small	small	ADJ
fbem-29588	196	42	.	.	PUNCT
fbem-29588	197	1	thirdly	thirdly	ADV
fbem-29588	197	2	,	,	PUNCT
fbem-29588	197	3	the	the	DET
fbem-29588	197	4	cost	cost	NOUN
fbem-29588	197	5	of	of	ADP
fbem-29588	197	6	debt	debt	NOUN
fbem-29588	197	7	financing	financing	NOUN
fbem-29588	197	8	plays	play	VERB
fbem-29588	197	9	a	a	DET
fbem-29588	197	10	partial	partial	ADJ
fbem-29588	197	11	mediating	mediate	VERB
fbem-29588	197	12	role	role	NOUN
fbem-29588	197	13	in	in	ADP
fbem-29588	197	14	the	the	DET
fbem-29588	197	15	impact	impact	NOUN
fbem-29588	197	16	of	of	ADP
fbem-29588	197	17	green	green	ADJ
fbem-29588	197	18	bond	bond	NOUN
fbem-29588	197	19	issuance	issuance	NOUN
fbem-29588	197	20	on	on	ADP
fbem-29588	197	21	corporate	corporate	ADJ
fbem-29588	197	22	value	value	NOUN
fbem-29588	197	23	.	.	PUNCT
fbem-29588	198	1	the	the	DET
fbem-29588	198	2	empirical	empirical	ADJ
fbem-29588	198	3	results	result	NOUN
fbem-29588	198	4	indicate	indicate	VERB
fbem-29588	198	5	that	that	SCONJ
fbem-29588	198	6	issuing	issue	VERB
fbem-29588	198	7	green	green	ADJ
fbem-29588	198	8	bonds	bond	NOUN
fbem-29588	198	9	can	can	AUX
fbem-29588	198	10	significantly	significantly	ADV
fbem-29588	198	11	reduce	reduce	VERB
fbem-29588	198	12	the	the	DET
fbem-29588	198	13	financing	financing	NOUN
fbem-29588	198	14	costs	cost	NOUN
fbem-29588	198	15	of	of	ADP
fbem-29588	198	16	enterprises	enterprise	NOUN
fbem-29588	198	17	,	,	PUNCT
fbem-29588	198	18	and	and	CCONJ
fbem-29588	198	19	the	the	DET
fbem-29588	198	20	reduction	reduction	NOUN
fbem-29588	198	21	of	of	ADP
fbem-29588	198	22	financing	financing	NOUN
fbem-29588	198	23	costs	cost	NOUN
fbem-29588	198	24	to	to	ADP
fbem-29588	198	25	some	some	DET
fbem-29588	198	26	extent	extent	NOUN
fbem-29588	198	27	promotes	promote	VERB
fbem-29588	198	28	the	the	DET
fbem-29588	198	29	increase	increase	NOUN
fbem-29588	198	30	of	of	ADP
fbem-29588	198	31	enterprise	enterprise	NOUN
fbem-29588	198	32	value	value	NOUN
fbem-29588	198	33	.	.	PUNCT
fbem-29588	199	1	the	the	DET
fbem-29588	199	2	intermediary	intermediary	ADJ
fbem-29588	199	3	effect	effect	NOUN
fbem-29588	199	4	of	of	ADP
fbem-29588	199	5	financing	financing	NOUN
fbem-29588	199	6	costs	cost	NOUN
fbem-29588	199	7	explains	explain	VERB
fbem-29588	199	8	the	the	DET
fbem-29588	199	9	mechanism	mechanism	NOUN
fbem-29588	199	10	of	of	ADP
fbem-29588	199	11	green	green	ADJ
fbem-29588	199	12	bonds	bond	NOUN
fbem-29588	199	13	to	to	PART
fbem-29588	199	14	improve	improve	VERB
fbem-29588	199	15	enterprise	enterprise	NOUN
fbem-29588	199	16	value	value	NOUN
fbem-29588	199	17	by	by	ADP
fbem-29588	199	18	optimizing	optimize	VERB
fbem-29588	199	19	the	the	DET
fbem-29588	199	20	capital	capital	NOUN
fbem-29588	199	21	structure	structure	NOUN
fbem-29588	199	22	of	of	ADP
fbem-29588	199	23	enterprises	enterprise	NOUN
fbem-29588	199	24	,	,	PUNCT
fbem-29588	199	25	reducing	reduce	VERB
fbem-29588	199	26	financial	financial	ADJ
fbem-29588	199	27	burden	burden	NOUN
fbem-29588	199	28	.	.	PUNCT
fbem-29588	200	1	for	for	ADP
fbem-29588	200	2	the	the	DET
fbem-29588	200	3	government	government	NOUN
fbem-29588	200	4	,	,	PUNCT
fbem-29588	200	5	firstly	firstly	ADV
fbem-29588	200	6	,	,	PUNCT
fbem-29588	200	7	it	it	PRON
fbem-29588	200	8	is	be	AUX
fbem-29588	200	9	necessary	necessary	ADJ
fbem-29588	200	10	to	to	PART
fbem-29588	200	11	improve	improve	VERB
fbem-29588	200	12	the	the	DET
fbem-29588	200	13	green	green	ADJ
fbem-29588	200	14	finance	finance	NOUN
fbem-29588	200	15	system	system	NOUN
fbem-29588	200	16	and	and	CCONJ
fbem-29588	200	17	promote	promote	VERB
fbem-29588	200	18	the	the	DET
fbem-29588	200	19	development	development	NOUN
fbem-29588	200	20	of	of	ADP
fbem-29588	200	21	diversified	diversified	ADJ
fbem-29588	200	22	green	green	ADJ
fbem-29588	200	23	finance	finance	NOUN
fbem-29588	200	24	products	product	NOUN
fbem-29588	200	25	.	.	PUNCT
fbem-29588	201	1	at	at	ADP
fbem-29588	201	2	present	present	ADJ
fbem-29588	201	3	,	,	PUNCT
fbem-29588	201	4	china	china	PROPN
fbem-29588	201	5	's	's	PART
fbem-29588	201	6	green	green	ADJ
fbem-29588	201	7	finance	finance	NOUN
fbem-29588	201	8	system	system	NOUN
fbem-29588	201	9	is	be	AUX
fbem-29588	201	10	still	still	ADV
fbem-29588	201	11	dominated	dominate	VERB
fbem-29588	201	12	by	by	ADP
fbem-29588	201	13	green	green	ADJ
fbem-29588	201	14	credit	credit	NOUN
fbem-29588	201	15	,	,	PUNCT
fbem-29588	201	16	while	while	SCONJ
fbem-29588	201	17	the	the	DET
fbem-29588	201	18	issuance	issuance	NOUN
fbem-29588	201	19	scale	scale	NOUN
fbem-29588	201	20	and	and	CCONJ
fbem-29588	201	21	product	product	NOUN
fbem-29588	201	22	innovation	innovation	NOUN
fbem-29588	201	23	space	space	NOUN
fbem-29588	201	24	of	of	ADP
fbem-29588	201	25	other	other	ADJ
fbem-29588	201	26	green	green	ADJ
fbem-29588	201	27	finance	finance	NOUN
fbem-29588	201	28	products	product	NOUN
fbem-29588	201	29	such	such	ADJ
fbem-29588	201	30	as	as	ADP
fbem-29588	201	31	green	green	ADJ
fbem-29588	201	32	bonds	bond	NOUN
fbem-29588	201	33	are	be	AUX
fbem-29588	201	34	relatively	relatively	ADV
fbem-29588	201	35	small	small	ADJ
fbem-29588	201	36	.	.	PUNCT
fbem-29588	202	1	in	in	ADP
fbem-29588	202	2	order	order	NOUN
fbem-29588	202	3	to	to	PART
fbem-29588	202	4	achieve	achieve	VERB
fbem-29588	202	5	the	the	DET
fbem-29588	202	6	"	"	PUNCT
fbem-29588	202	7	dual	dual	ADJ
fbem-29588	202	8	carbon	carbon	NOUN
fbem-29588	202	9	"	"	PUNCT
fbem-29588	202	10	goal	goal	NOUN
fbem-29588	202	11	,	,	PUNCT
fbem-29588	202	12	china	china	PROPN
fbem-29588	202	13	should	should	AUX
fbem-29588	202	14	continue	continue	VERB
fbem-29588	202	15	to	to	PART
fbem-29588	202	16	improve	improve	VERB
fbem-29588	202	17	the	the	DET
fbem-29588	202	18	top	top	ADJ
fbem-29588	202	19	-	-	PUNCT
fbem-29588	202	20	level	level	NOUN
fbem-29588	202	21	design	design	NOUN
fbem-29588	202	22	of	of	ADP
fbem-29588	202	23	green	green	ADJ
fbem-29588	202	24	finance	finance	NOUN
fbem-29588	202	25	and	and	CCONJ
fbem-29588	202	26	promote	promote	VERB
fbem-29588	202	27	the	the	DET
fbem-29588	202	28	innovation	innovation	NOUN
fbem-29588	202	29	of	of	ADP
fbem-29588	202	30	diversified	diversified	ADJ
fbem-29588	202	31	green	green	ADJ
fbem-29588	202	32	financial	financial	ADJ
fbem-29588	202	33	products	product	NOUN
fbem-29588	202	34	in	in	ADP
fbem-29588	202	35	the	the	DET
fbem-29588	202	36	financial	financial	ADJ
fbem-29588	202	37	market	market	NOUN
fbem-29588	202	38	.	.	PUNCT
fbem-29588	203	1	for	for	ADP
fbem-29588	203	2	enterprises	enterprise	NOUN
fbem-29588	203	3	,	,	PUNCT
fbem-29588	203	4	actively	actively	ADV
fbem-29588	203	5	issuing	issue	VERB
fbem-29588	203	6	green	green	ADJ
fbem-29588	203	7	bonds	bond	NOUN
fbem-29588	203	8	and	and	CCONJ
fbem-29588	203	9	optimizing	optimize	VERB
fbem-29588	203	10	financing	financing	NOUN
fbem-29588	203	11	structure	structure	NOUN
fbem-29588	203	12	.	.	PUNCT
fbem-29588	204	1	enterprises	enterprise	NOUN
fbem-29588	204	2	should	should	AUX
fbem-29588	204	3	recognize	recognize	VERB
fbem-29588	204	4	the	the	DET
fbem-29588	204	5	potential	potential	NOUN
fbem-29588	204	6	of	of	ADP
fbem-29588	204	7	green	green	ADJ
fbem-29588	204	8	bonds	bond	NOUN
fbem-29588	204	9	in	in	ADP
fbem-29588	204	10	reducing	reduce	VERB
fbem-29588	204	11	financing	financing	NOUN
fbem-29588	204	12	costs	cost	NOUN
fbem-29588	204	13	,	,	PUNCT
fbem-29588	204	14	enhancing	enhance	VERB
fbem-29588	204	15	corporate	corporate	ADJ
fbem-29588	204	16	reputation	reputation	NOUN
fbem-29588	204	17	,	,	PUNCT
fbem-29588	204	18	and	and	CCONJ
fbem-29588	204	19	promoting	promote	VERB
fbem-29588	204	20	green	green	ADJ
fbem-29588	204	21	innovation	innovation	NOUN
fbem-29588	204	22	.	.	PUNCT
fbem-29588	205	1	especially	especially	ADV
fbem-29588	205	2	for	for	ADP
fbem-29588	205	3	high	high	ADJ
fbem-29588	205	4	polluting	polluting	NOUN
fbem-29588	205	5	industries	industry	NOUN
fbem-29588	205	6	and	and	CCONJ
fbem-29588	205	7	capital	capital	NOUN
fbem-29588	205	8	-	-	PUNCT
fbem-29588	205	9	intensive	intensive	ADJ
fbem-29588	205	10	enterprises	enterprise	NOUN
fbem-29588	205	11	,	,	PUNCT
fbem-29588	205	12	issuing	issue	VERB
fbem-29588	205	13	green	green	ADJ
fbem-29588	205	14	bonds	bond	NOUN
fbem-29588	205	15	can	can	AUX
fbem-29588	205	16	provide	provide	VERB
fbem-29588	205	17	long	long	ADJ
fbem-29588	205	18	-	-	PUNCT
fbem-29588	205	19	term	term	NOUN
fbem-29588	205	20	,	,	PUNCT
fbem-29588	205	21	low	low	ADJ
fbem-29588	205	22	-	-	PUNCT
fbem-29588	205	23	cost	cost	NOUN
fbem-29588	205	24	financial	financial	ADJ
fbem-29588	205	25	support	support	NOUN
fbem-29588	205	26	for	for	ADP
fbem-29588	205	27	green	green	ADJ
fbem-29588	205	28	technology	technology	NOUN
fbem-29588	205	29	research	research	NOUN
fbem-29588	205	30	and	and	CCONJ
fbem-29588	205	31	equipment	equipment	NOUN
fbem-29588	205	32	upgrades	upgrade	NOUN
fbem-29588	205	33	.	.	PUNCT
fbem-29588	206	1	therefore	therefore	ADV
fbem-29588	206	2	,	,	PUNCT
fbem-29588	206	3	enterprises	enterprise	NOUN
fbem-29588	206	4	should	should	AUX
fbem-29588	206	5	clarify	clarify	VERB
fbem-29588	206	6	their	their	PRON
fbem-29588	206	7	own	own	ADJ
fbem-29588	206	8	green	green	ADJ
fbem-29588	206	9	bond	bond	NOUN
fbem-29588	206	10	issuance	issuance	NOUN
fbem-29588	206	11	goals	goal	NOUN
fbem-29588	206	12	and	and	CCONJ
fbem-29588	206	13	design	design	VERB
fbem-29588	206	14	the	the	DET
fbem-29588	206	15	use	use	NOUN
fbem-29588	206	16	of	of	ADP
fbem-29588	206	17	funds	fund	NOUN
fbem-29588	206	18	reasonably	reasonably	ADV
fbem-29588	206	19	based	base	VERB
fbem-29588	206	20	on	on	ADP
fbem-29588	206	21	industry	industry	NOUN
fbem-29588	206	22	characteristics	characteristic	NOUN
fbem-29588	206	23	and	and	CCONJ
fbem-29588	206	24	development	development	NOUN
fbem-29588	206	25	needs	need	NOUN
fbem-29588	206	26	.	.	PUNCT
fbem-29588	207	1	for	for	ADP
fbem-29588	207	2	high	high	ADJ
fbem-29588	207	3	polluting	polluting	NOUN
fbem-29588	207	4	industries	industry	NOUN
fbem-29588	207	5	,	,	PUNCT
fbem-29588	207	6	green	green	ADJ
fbem-29588	207	7	bonds	bond	NOUN
fbem-29588	207	8	can	can	AUX
fbem-29588	207	9	be	be	AUX
fbem-29588	207	10	used	use	VERB
fbem-29588	207	11	for	for	ADP
fbem-29588	207	12	the	the	DET
fbem-29588	207	13	renovation	renovation	NOUN
fbem-29588	207	14	of	of	ADP
fbem-29588	207	15	environmental	environmental	ADJ
fbem-29588	207	16	protection	protection	NOUN
fbem-29588	207	17	facilities	facility	NOUN
fbem-29588	207	18	and	and	CCONJ
fbem-29588	207	19	the	the	DET
fbem-29588	207	20	upgrading	upgrading	NOUN
fbem-29588	207	21	of	of	ADP
fbem-29588	207	22	clean	clean	ADJ
fbem-29588	207	23	production	production	NOUN
fbem-29588	207	24	technologies	technology	NOUN
fbem-29588	207	25	,	,	PUNCT
fbem-29588	207	26	helping	help	VERB
fbem-29588	207	27	companies	company	NOUN
fbem-29588	207	28	alleviate	alleviate	VERB
fbem-29588	207	29	environmental	environmental	ADJ
fbem-29588	207	30	compliance	compliance	NOUN
fbem-29588	207	31	pressures	pressure	NOUN
fbem-29588	207	32	;	;	PUNCT
fbem-29588	207	33	for	for	ADP
fbem-29588	207	34	green	green	ADJ
fbem-29588	207	35	technology	technology	NOUN
fbem-29588	207	36	-	-	PUNCT
fbem-29588	207	37	oriented	orient	VERB
fbem-29588	207	38	enterprises	enterprise	NOUN
fbem-29588	207	39	,	,	PUNCT
fbem-29588	207	40	green	green	ADJ
fbem-29588	207	41	bonds	bond	NOUN
fbem-29588	207	42	can	can	AUX
fbem-29588	207	43	be	be	AUX
fbem-29588	207	44	invested	invest	VERB
fbem-29588	207	45	in	in	ADP
fbem-29588	207	46	new	new	ADJ
fbem-29588	207	47	product	product	NOUN
fbem-29588	207	48	research	research	NOUN
fbem-29588	207	49	and	and	CCONJ
fbem-29588	207	50	technological	technological	ADJ
fbem-29588	207	51	innovation	innovation	NOUN
fbem-29588	207	52	to	to	PART
fbem-29588	207	53	enhance	enhance	VERB
fbem-29588	207	54	their	their	PRON
fbem-29588	207	55	competitiveness	competitiveness	NOUN
fbem-29588	207	56	.	.	PUNCT
fbem-29588	208	1	in	in	ADP
fbem-29588	208	2	addition	addition	NOUN
fbem-29588	208	3	,	,	PUNCT
fbem-29588	208	4	companies	company	NOUN
fbem-29588	208	5	can	can	AUX
fbem-29588	208	6	replace	replace	VERB
fbem-29588	208	7	traditional	traditional	ADJ
fbem-29588	208	8	high	high	ADJ
fbem-29588	208	9	-	-	PUNCT
fbem-29588	208	10	cost	cost	NOUN
fbem-29588	208	11	debt	debt	NOUN
fbem-29588	208	12	by	by	ADP
fbem-29588	208	13	issuing	issue	VERB
fbem-29588	208	14	green	green	ADJ
fbem-29588	208	15	bonds	bond	NOUN
fbem-29588	208	16	,	,	PUNCT
fbem-29588	208	17	optimize	optimize	VERB
fbem-29588	208	18	capital	capital	NOUN
fbem-29588	208	19	structure	structure	NOUN
fbem-29588	208	20	,	,	PUNCT
fbem-29588	208	21	and	and	CCONJ
fbem-29588	208	22	attract	attract	VERB
fbem-29588	208	23	new	new	ADJ
fbem-29588	208	24	investors	investor	NOUN
fbem-29588	208	25	such	such	ADJ
fbem-29588	208	26	as	as	ADP
fbem-29588	208	27	social	social	ADJ
fbem-29588	208	28	responsibility	responsibility	NOUN
fbem-29588	208	29	investment	investment	NOUN
fbem-29588	208	30	funds	fund	NOUN
fbem-29588	208	31	(	(	PUNCT
fbem-29588	208	32	sri	sri	NOUN
fbem-29588	208	33	)	)	PUNCT
fbem-29588	208	34	and	and	CCONJ
fbem-29588	208	35	green	green	ADJ
fbem-29588	208	36	development	development	NOUN
fbem-29588	208	37	funds	fund	NOUN
fbem-29588	208	38	,	,	PUNCT
fbem-29588	208	39	broaden	broaden	VERB
fbem-29588	208	40	financing	financing	NOUN
fbem-29588	208	41	channels	channel	NOUN
fbem-29588	208	42	,	,	PUNCT
fbem-29588	208	43	and	and	CCONJ
fbem-29588	208	44	reduce	reduce	VERB
fbem-29588	208	45	dependence	dependence	NOUN
fbem-29588	208	46	on	on	ADP
fbem-29588	208	47	a	a	DET
fbem-29588	208	48	single	single	ADJ
fbem-29588	208	49	financing	financing	NOUN
fbem-29588	208	50	model	model	NOUN
fbem-29588	208	51	.	.	PUNCT
fbem-29588	209	1	references	reference	NOUN
fbem-29588	209	2	[	[	X
fbem-29588	209	3	1	1	NUM
fbem-29588	209	4	]	]	PUNCT
fbem-29588	209	5	torvanger	torvanger	NOUN
fbem-29588	209	6	a	a	PRON
fbem-29588	209	7	,	,	PUNCT
fbem-29588	209	8	maltais	maltais	PROPN
fbem-29588	209	9	a	a	NOUN
fbem-29588	209	10	,	,	PUNCT
fbem-29588	209	11	marginean	marginean	PROPN
fbem-29588	209	12	i.	i.	PROPN
fbem-29588	209	13	green	green	PROPN
fbem-29588	209	14	bonds	bond	NOUN
fbem-29588	209	15	in	in	ADP
fbem-29588	209	16	sweden	sweden	PROPN
fbem-29588	209	17	and	and	CCONJ
fbem-29588	209	18	norway	norway	PROPN
fbem-29588	209	19	:	:	PUNCT
fbem-29588	209	20	what	what	PRON
fbem-29588	209	21	are	be	AUX
fbem-29588	209	22	the	the	DET
fbem-29588	209	23	success	success	NOUN
fbem-29588	209	24	factors	factor	NOUN
fbem-29588	209	25	?	?	PUNCT
fbem-29588	210	1	[	[	X
fbem-29588	210	2	j	j	X
fbem-29588	210	3	]	]	X
fbem-29588	210	4	.	.	PUNCT
fbem-29588	211	1	journal	journal	PROPN
fbem-29588	211	2	of	of	ADP
fbem-29588	211	3	cleaner	clean	ADJ
fbem-29588	211	4	production	production	NOUN
fbem-29588	211	5	,	,	PUNCT
fbem-29588	211	6	2021	2021	NUM
fbem-29588	211	7	,	,	PUNCT
fbem-29588	211	8	324	324	NUM
fbem-29588	211	9	:	:	PUNCT
fbem-29588	211	10	129177	129177	NUM
fbem-29588	211	11	.	.	PUNCT
fbem-29588	212	1	[	[	X
fbem-29588	212	2	2	2	X
fbem-29588	212	3	]	]	X
fbem-29588	212	4	nanayakkara	nanayakkara	NOUN
fbem-29588	212	5	k	k	PROPN
fbem-29588	212	6	g	g	PROPN
fbem-29588	212	7	m	m	PROPN
fbem-29588	212	8	,	,	PUNCT
fbem-29588	212	9	colombage	colombage	PROPN
fbem-29588	212	10	s.	s.	PROPN
fbem-29588	212	11	does	do	VERB
fbem-29588	212	12	compliance	compliance	NOUN
fbem-29588	212	13	with	with	ADP
fbem-29588	212	14	green	green	ADJ
fbem-29588	212	15	bond	bond	NOUN
fbem-29588	212	16	principles	principle	NOUN
fbem-29588	212	17	bring	bring	VERB
fbem-29588	212	18	any	any	DET
fbem-29588	212	19	benefit	benefit	NOUN
fbem-29588	212	20	to	to	PART
fbem-29588	212	21	make	make	VERB
fbem-29588	212	22	g20	g20	NOUN
fbem-29588	212	23	’s	’s	PART
fbem-29588	212	24	‘	'	PUNCT
fbem-29588	212	25	green	green	ADJ
fbem-29588	212	26	economy	economy	NOUN
fbem-29588	212	27	plan	plan	NOUN
fbem-29588	212	28	’	'	PUNCT
fbem-29588	212	29	a	a	DET
fbem-29588	212	30	reality	reality	NOUN
fbem-29588	212	31	?	?	PUNCT
fbem-29588	213	1	[	[	X
fbem-29588	213	2	j	j	X
fbem-29588	213	3	]	]	X
fbem-29588	213	4	.	.	PUNCT
fbem-29588	214	1	accounting	accounting	PROPN
fbem-29588	214	2	&	&	CCONJ
fbem-29588	214	3	finance	finance	NOUN
fbem-29588	214	4	,	,	PUNCT
fbem-29588	214	5	2021	2021	NUM
fbem-29588	214	6	,	,	PUNCT
fbem-29588	214	7	61(3	61(3	NUM
fbem-29588	214	8	):	):	PUNCT
fbem-29588	214	9	4257	4257	NUM
fbem-29588	214	10	-	-	SYM
fbem-29588	214	11	85	85	NUM
fbem-29588	214	12	.	.	PUNCT
fbem-29588	215	1	[	[	X
fbem-29588	215	2	3	3	X
fbem-29588	215	3	]	]	PUNCT
fbem-29588	215	4	agliardi	agliardi	NOUN
fbem-29588	215	5	e	e	NOUN
fbem-29588	215	6	,	,	PUNCT
fbem-29588	215	7	agliardi	agliardi	PROPN
fbem-29588	215	8	r.	r.	NOUN
fbem-29588	215	9	financing	finance	VERB
fbem-29588	215	10	environmentallysustainable	environmentallysustainable	ADJ
fbem-29588	215	11	projects	project	NOUN
fbem-29588	215	12	with	with	ADP
fbem-29588	215	13	green	green	ADJ
fbem-29588	215	14	bonds	bond	NOUN
fbem-29588	215	15	[	[	X
fbem-29588	215	16	j	j	X
fbem-29588	215	17	]	]	X
fbem-29588	215	18	.	.	PUNCT
fbem-29588	216	1	environment	environment	NOUN
fbem-29588	216	2	and	and	CCONJ
fbem-29588	216	3	development	development	NOUN
fbem-29588	216	4	economics	economic	NOUN
fbem-29588	216	5	,	,	PUNCT
fbem-29588	216	6	2019	2019	NUM
fbem-29588	216	7	,	,	PUNCT
fbem-29588	216	8	24(6	24(6	NUM
fbem-29588	216	9	):	):	PUNCT
fbem-29588	216	10	608	608	NUM
fbem-29588	216	11	-	-	SYM
fbem-29588	216	12	23	23	NUM
fbem-29588	216	13	.	.	PUNCT
fbem-29588	217	1	[	[	X
fbem-29588	217	2	4	4	NUM
fbem-29588	217	3	]	]	X
fbem-29588	217	4	morck	morck	PROPN
fbem-29588	217	5	r	r	PROPN
fbem-29588	217	6	,	,	PUNCT
fbem-29588	217	7	nakamura	nakamura	NOUN
fbem-29588	217	8	m	m	PROPN
fbem-29588	217	9	,	,	PUNCT
fbem-29588	217	10	shivdasani	shivdasani	PROPN
fbem-29588	217	11	a.	a.	NOUN
fbem-29588	217	12	banks	bank	NOUN
fbem-29588	217	13	,	,	PUNCT
fbem-29588	217	14	ownership	ownership	NOUN
fbem-29588	217	15	structure	structure	NOUN
fbem-29588	217	16	,	,	PUNCT
fbem-29588	217	17	and	and	CCONJ
fbem-29588	217	18	firm	firm	ADJ
fbem-29588	217	19	value	value	NOUN
fbem-29588	217	20	in	in	ADP
fbem-29588	217	21	japan	japan	PROPN
fbem-29588	218	1	[	[	X
fbem-29588	218	2	j	j	X
fbem-29588	218	3	]	]	X
fbem-29588	218	4	.	.	PUNCT
fbem-29588	219	1	the	the	DET
fbem-29588	219	2	journal	journal	NOUN
fbem-29588	219	3	of	of	ADP
fbem-29588	219	4	business	business	NOUN
fbem-29588	219	5	,	,	PUNCT
fbem-29588	219	6	2000	2000	NUM
fbem-29588	219	7	,	,	PUNCT
fbem-29588	219	8	73(4	73(4	NUM
fbem-29588	219	9	):	):	PUNCT
fbem-29588	219	10	539	539	NUM
fbem-29588	219	11	-	-	SYM
fbem-29588	219	12	567	567	NUM
fbem-29588	219	13	.	.	PUNCT
fbem-29588	220	1	[	[	X
fbem-29588	220	2	5	5	NUM
fbem-29588	220	3	]	]	PUNCT
fbem-29588	220	4	demsetz	demsetz	VERB
fbem-29588	220	5	h.	h.	PROPN
fbem-29588	220	6	the	the	DET
fbem-29588	220	7	structure	structure	NOUN
fbem-29588	220	8	of	of	ADP
fbem-29588	220	9	ownership	ownership	NOUN
fbem-29588	220	10	and	and	CCONJ
fbem-29588	220	11	the	the	DET
fbem-29588	220	12	theory	theory	NOUN
fbem-29588	220	13	of	of	ADP
fbem-29588	220	14	the	the	DET
fbem-29588	220	15	firm	firm	NOUN
fbem-29588	221	1	[	[	X
fbem-29588	221	2	j	j	X
fbem-29588	221	3	]	]	X
fbem-29588	221	4	.	.	PUNCT
fbem-29588	222	1	the	the	DET
fbem-29588	222	2	journal	journal	PROPN
fbem-29588	222	3	of	of	ADP
fbem-29588	222	4	law	law	NOUN
fbem-29588	222	5	and	and	CCONJ
fbem-29588	222	6	economics	economic	NOUN
fbem-29588	222	7	,	,	PUNCT
fbem-29588	222	8	1983	1983	NUM
fbem-29588	222	9	,	,	PUNCT
fbem-29588	222	10	26(2	26(2	NUM
fbem-29588	222	11	):	):	PUNCT
fbem-29588	222	12	375390	375390	NUM
fbem-29588	222	13	.	.	PUNCT
fbem-29588	223	1	[	[	X
fbem-29588	223	2	6	6	NUM
fbem-29588	223	3	]	]	PUNCT
fbem-29588	223	4	kim	kim	PROPN
fbem-29588	223	5	y.	y.	PROPN
fbem-29588	223	6	the	the	DET
fbem-29588	223	7	proportion	proportion	NOUN
fbem-29588	223	8	and	and	CCONJ
fbem-29588	223	9	social	social	ADJ
fbem-29588	223	10	capital	capital	NOUN
fbem-29588	223	11	of	of	ADP
fbem-29588	223	12	outside	outside	ADJ
fbem-29588	223	13	directors	director	NOUN
fbem-29588	223	14	and	and	CCONJ
fbem-29588	223	15	their	their	PRON
fbem-29588	223	16	impacts	impact	NOUN
fbem-29588	223	17	on	on	ADP
fbem-29588	223	18	firm	firm	ADJ
fbem-29588	223	19	value	value	NOUN
fbem-29588	223	20	:	:	PUNCT
fbem-29588	223	21	evidence	evidence	NOUN
fbem-29588	223	22	from	from	ADP
fbem-29588	223	23	korea	korea	PROPN
fbem-29588	224	1	[	[	X
fbem-29588	224	2	j	j	X
fbem-29588	224	3	]	]	X
fbem-29588	224	4	.	.	PUNCT
fbem-29588	225	1	corporate	corporate	ADJ
fbem-29588	225	2	governance	governance	NOUN
fbem-29588	225	3	:	:	PUNCT
fbem-29588	225	4	an	an	DET
fbem-29588	225	5	international	international	ADJ
fbem-29588	225	6	review	review	NOUN
fbem-29588	225	7	,	,	PUNCT
fbem-29588	225	8	2007	2007	NUM
fbem-29588	225	9	,	,	PUNCT
fbem-29588	225	10	15(6	15(6	NUM
fbem-29588	225	11	):	):	PUNCT
fbem-29588	225	12	1168	1168	NUM
fbem-29588	225	13	-	-	SYM
fbem-29588	225	14	1176	1176	NUM
fbem-29588	225	15	.	.	PUNCT
fbem-29588	226	1	[	[	X
fbem-29588	226	2	7	7	X
fbem-29588	226	3	]	]	PUNCT
fbem-29588	226	4	baud	baud	NOUN
fbem-29588	226	5	c	c	NOUN
fbem-29588	226	6	,	,	PUNCT
fbem-29588	226	7	durand	durand	PROPN
fbem-29588	226	8	c.	c.	PROPN
fbem-29588	226	9	financialization	financialization	PROPN
fbem-29588	226	10	,	,	PUNCT
fbem-29588	226	11	globalization	globalization	NOUN
fbem-29588	226	12	and	and	CCONJ
fbem-29588	226	13	the	the	DET
fbem-29588	226	14	making	making	NOUN
fbem-29588	226	15	of	of	ADP
fbem-29588	226	16	profits	profit	NOUN
fbem-29588	226	17	by	by	ADP
fbem-29588	226	18	leading	lead	VERB
fbem-29588	226	19	retailers	retailer	NOUN
fbem-29588	226	20	[	[	X
fbem-29588	226	21	j	j	X
fbem-29588	226	22	]	]	X
fbem-29588	226	23	.	.	PUNCT
fbem-29588	227	1	socio	socio	NOUN
fbem-29588	227	2	-	-	PUNCT
fbem-29588	227	3	economic	economic	ADJ
fbem-29588	227	4	review	review	NOUN
fbem-29588	227	5	,	,	PUNCT
fbem-29588	227	6	2012	2012	NUM
fbem-29588	227	7	,	,	PUNCT
fbem-29588	227	8	10(2	10(2	NUM
fbem-29588	227	9	):	):	PUNCT
fbem-29588	227	10	241	241	NUM
fbem-29588	227	11	-	-	SYM
fbem-29588	227	12	266	266	NUM
fbem-29588	227	13	.	.	PUNCT
fbem-29588	228	1	[	[	X
fbem-29588	228	2	8	8	NUM
fbem-29588	228	3	]	]	X
fbem-29588	228	4	wang	wang	PROPN
fbem-29588	228	5	j	j	PROPN
fbem-29588	228	6	,	,	PUNCT
fbem-29588	228	7	ye	ye	PROPN
fbem-29588	228	8	k.	k.	PROPN
fbem-29588	228	9	media	media	PROPN
fbem-29588	228	10	coverage	coverage	NOUN
fbem-29588	228	11	and	and	CCONJ
fbem-29588	228	12	firm	firm	ADJ
fbem-29588	228	13	valuation	valuation	NOUN
fbem-29588	228	14	:	:	PUNCT
fbem-29588	228	15	evidence	evidence	NOUN
fbem-29588	228	16	from	from	ADP
fbem-29588	228	17	china	china	PROPN
fbem-29588	229	1	[	[	X
fbem-29588	229	2	j	j	X
fbem-29588	229	3	]	]	X
fbem-29588	229	4	.	.	PUNCT
fbem-29588	230	1	journal	journal	PROPN
fbem-29588	230	2	of	of	ADP
fbem-29588	230	3	business	business	NOUN
fbem-29588	230	4	ethics	ethic	NOUN
fbem-29588	230	5	,	,	PUNCT
fbem-29588	230	6	2015	2015	NUM
fbem-29588	230	7	,	,	PUNCT
fbem-29588	230	8	127	127	NUM
fbem-29588	230	9	:	:	PUNCT
fbem-29588	230	10	501	501	NUM
fbem-29588	230	11	-	-	SYM
fbem-29588	230	12	511	511	NUM
fbem-29588	230	13	.	.	PUNCT
fbem-29588	231	1	[	[	X
fbem-29588	231	2	9	9	NUM
fbem-29588	231	3	]	]	X
fbem-29588	231	4	kurt	kurt	PROPN
fbem-29588	231	5	s.	s.	PROPN
fbem-29588	231	6	investigation	investigation	NOUN
fbem-29588	231	7	of	of	ADP
fbem-29588	231	8	the	the	DET
fbem-29588	231	9	relationship	relationship	NOUN
fbem-29588	231	10	between	between	ADP
fbem-29588	231	11	brand	brand	NOUN
fbem-29588	231	12	value	value	NOUN
fbem-29588	231	13	and	and	CCONJ
fbem-29588	231	14	r&d	r&d	NOUN
fbem-29588	231	15	activities	activity	NOUN
fbem-29588	231	16	:	:	PUNCT
fbem-29588	231	17	fortune	fortune	NOUN
fbem-29588	231	18	500	500	NUM
fbem-29588	231	19	companies	company	NOUN
fbem-29588	231	20	analysis	analysis	NOUN
fbem-29588	231	21	[	[	X
fbem-29588	231	22	j	j	X
fbem-29588	231	23	]	]	X
fbem-29588	231	24	.	.	PUNCT
fbem-29588	232	1	procedia	procedia	PROPN
fbem-29588	232	2	computer	computer	NOUN
fbem-29588	232	3	science	science	NOUN
fbem-29588	232	4	,	,	PUNCT
fbem-29588	232	5	2019	2019	NUM
fbem-29588	232	6	,	,	PUNCT
fbem-29588	232	7	158	158	NUM
fbem-29588	232	8	:	:	SYM
fbem-29588	232	9	1019	1019	NUM
fbem-29588	232	10	-	-	SYM
fbem-29588	232	11	1024	1024	NUM
fbem-29588	232	12	.	.	PUNCT
fbem-29588	233	1	[	[	X
fbem-29588	233	2	10	10	NUM
fbem-29588	233	3	]	]	X
fbem-29588	233	4	froot	froot	NOUN
fbem-29588	233	5	k	k	NOUN
fbem-29588	233	6	a	a	X
fbem-29588	233	7	,	,	PUNCT
fbem-29588	233	8	scharfstein	scharfstein	PROPN
fbem-29588	233	9	d	d	PROPN
fbem-29588	233	10	s	s	PROPN
fbem-29588	233	11	,	,	PUNCT
fbem-29588	233	12	stein	stein	PROPN
fbem-29588	233	13	j	j	PROPN
fbem-29588	233	14	c.	c.	PROPN
fbem-29588	233	15	risk	risk	PROPN
fbem-29588	233	16	management	management	NOUN
fbem-29588	233	17	:	:	PUNCT
fbem-29588	233	18	coordinating	coordinate	VERB
fbem-29588	233	19	corporate	corporate	ADJ
fbem-29588	233	20	investment	investment	NOUN
fbem-29588	233	21	and	and	CCONJ
fbem-29588	233	22	financing	financing	NOUN
fbem-29588	233	23	policies	policy	NOUN
fbem-29588	233	24	[	[	X
fbem-29588	233	25	j	j	X
fbem-29588	233	26	]	]	X
fbem-29588	233	27	.	.	PUNCT
fbem-29588	234	1	the	the	DET
fbem-29588	234	2	journal	journal	PROPN
fbem-29588	234	3	of	of	ADP
fbem-29588	234	4	finance	finance	NOUN
fbem-29588	234	5	,	,	PUNCT
fbem-29588	234	6	1993	1993	NUM
fbem-29588	234	7	,	,	PUNCT
fbem-29588	234	8	48(5	48(5	NUM
fbem-29588	234	9	):	):	PUNCT
fbem-29588	234	10	1629	1629	NUM
fbem-29588	234	11	-	-	SYM
fbem-29588	234	12	1658	1658	NUM
fbem-29588	234	13	.	.	PUNCT
fbem-29588	235	1	[	[	X
fbem-29588	235	2	11	11	NUM
fbem-29588	235	3	]	]	X
fbem-29588	235	4	kaplan	kaplan	PROPN
fbem-29588	235	5	s	s	PART
fbem-29588	235	6	n	n	CCONJ
fbem-29588	235	7	,	,	PUNCT
fbem-29588	235	8	zingales	zingales	PROPN
fbem-29588	235	9	l.	l.	PROPN
fbem-29588	235	10	do	do	AUX
fbem-29588	235	11	financing	financing	NOUN
fbem-29588	235	12	constraints	constraint	NOUN
fbem-29588	235	13	explain	explain	VERB
fbem-29588	235	14	why	why	SCONJ
fbem-29588	235	15	investment	investment	NOUN
fbem-29588	235	16	is	be	AUX
fbem-29588	235	17	correlated	correlate	VERB
fbem-29588	235	18	with	with	ADP
fbem-29588	235	19	cash	cash	NOUN
fbem-29588	235	20	flow	flow	NOUN
fbem-29588	235	21	?	?	PUNCT
fbem-29588	236	1	[	[	X
fbem-29588	236	2	r	r	X
fbem-29588	236	3	]	]	PUNCT
fbem-29588	236	4	.	.	PUNCT
fbem-29588	237	1	national	national	PROPN
fbem-29588	237	2	bureau	bureau	PROPN
fbem-29588	237	3	of	of	ADP
fbem-29588	237	4	economic	economic	ADJ
fbem-29588	237	5	research	research	NOUN
fbem-29588	237	6	,	,	PUNCT
fbem-29588	237	7	1995	1995	NUM
fbem-29588	237	8	.	.	PUNCT
fbem-29588	238	1	[	[	X
fbem-29588	238	2	12	12	NUM
fbem-29588	238	3	]	]	X
fbem-29588	238	4	minton	minton	PROPN
fbem-29588	238	5	b	b	PROPN
fbem-29588	238	6	a	a	PROPN
fbem-29588	238	7	,	,	PUNCT
fbem-29588	238	8	schrand	schrand	NOUN
fbem-29588	238	9	c.	c.	NOUN
fbem-29588	238	10	the	the	DET
fbem-29588	238	11	impact	impact	NOUN
fbem-29588	238	12	of	of	ADP
fbem-29588	238	13	cash	cash	NOUN
fbem-29588	238	14	flow	flow	NOUN
fbem-29588	238	15	volatility	volatility	NOUN
fbem-29588	238	16	on	on	ADP
fbem-29588	238	17	discretionary	discretionary	ADJ
fbem-29588	238	18	investment	investment	NOUN
fbem-29588	238	19	and	and	CCONJ
fbem-29588	238	20	the	the	DET
fbem-29588	238	21	costs	cost	NOUN
fbem-29588	238	22	of	of	ADP
fbem-29588	238	23	debt	debt	NOUN
fbem-29588	238	24	and	and	CCONJ
fbem-29588	238	25	equity	equity	NOUN
fbem-29588	238	26	financing	financing	NOUN
fbem-29588	239	1	[	[	X
fbem-29588	239	2	j	j	X
fbem-29588	239	3	]	]	X
fbem-29588	239	4	.	.	PUNCT
fbem-29588	240	1	journal	journal	PROPN
fbem-29588	240	2	of	of	ADP
fbem-29588	240	3	financial	financial	ADJ
fbem-29588	240	4	economics	economic	NOUN
fbem-29588	240	5	,	,	PUNCT
fbem-29588	240	6	1999	1999	NUM
fbem-29588	240	7	,	,	PUNCT
fbem-29588	240	8	54(3	54(3	NUM
fbem-29588	240	9	):	):	PUNCT
fbem-29588	240	10	423460	423460	NUM
fbem-29588	240	11	.	.	PUNCT
fbem-29588	241	1	[	[	X
fbem-29588	241	2	13	13	NUM
fbem-29588	241	3	]	]	X
fbem-29588	241	4	booth	booth	NOUN
fbem-29588	241	5	l	l	PROPN
fbem-29588	241	6	,	,	PUNCT
fbem-29588	241	7	aivazian	aivazian	PROPN
fbem-29588	241	8	v	v	NOUN
fbem-29588	241	9	,	,	PUNCT
fbem-29588	241	10	demirguc‐kunt	demirguc‐kunt	PROPN
fbem-29588	241	11	a	a	X
fbem-29588	241	12	,	,	PUNCT
fbem-29588	241	13	et	et	PROPN
fbem-29588	241	14	al	al	PROPN
fbem-29588	241	15	.	.	PUNCT
fbem-29588	241	16	capital	capital	NOUN
fbem-29588	241	17	structures	structure	NOUN
fbem-29588	241	18	in	in	ADP
fbem-29588	241	19	developing	develop	VERB
fbem-29588	241	20	countries	country	NOUN
fbem-29588	242	1	[	[	X
fbem-29588	242	2	j	j	X
fbem-29588	242	3	]	]	X
fbem-29588	242	4	.	.	PUNCT
fbem-29588	243	1	the	the	DET
fbem-29588	243	2	journal	journal	PROPN
fbem-29588	243	3	of	of	ADP
fbem-29588	243	4	finance	finance	NOUN
fbem-29588	243	5	,	,	PUNCT
fbem-29588	243	6	2001	2001	NUM
fbem-29588	243	7	,	,	PUNCT
fbem-29588	243	8	56(1	56(1	NUM
fbem-29588	243	9	):	):	PUNCT
fbem-29588	243	10	87	87	NUM
fbem-29588	243	11	-	-	SYM
fbem-29588	243	12	130	130	NUM
fbem-29588	243	13	.	.	PUNCT
fbem-29588	244	1	[	[	X
fbem-29588	244	2	14	14	NUM
fbem-29588	244	3	]	]	X
fbem-29588	244	4	ramezani	ramezani	PROPN
fbem-29588	244	5	c	c	PROPN
fbem-29588	244	6	a	a	PRON
fbem-29588	244	7	,	,	PUNCT
fbem-29588	244	8	soenen	soenen	NOUN
fbem-29588	244	9	l	l	PROPN
fbem-29588	244	10	,	,	PUNCT
fbem-29588	244	11	jung	jung	PROPN
fbem-29588	244	12	a.	a.	NOUN
fbem-29588	244	13	growth	growth	NOUN
fbem-29588	244	14	,	,	PUNCT
fbem-29588	244	15	corporate	corporate	ADJ
fbem-29588	244	16	profitability	profitability	NOUN
fbem-29588	244	17	,	,	PUNCT
fbem-29588	244	18	and	and	CCONJ
fbem-29588	244	19	value	value	NOUN
fbem-29588	244	20	creation	creation	NOUN
fbem-29588	245	1	[	[	X
fbem-29588	245	2	j	j	X
fbem-29588	245	3	]	]	X
fbem-29588	245	4	.	.	PUNCT
fbem-29588	246	1	financial	financial	ADJ
fbem-29588	246	2	analysts	analyst	NOUN
fbem-29588	246	3	journal	journal	PROPN
fbem-29588	246	4	,	,	PUNCT
fbem-29588	246	5	2002	2002	NUM
fbem-29588	246	6	,	,	PUNCT
fbem-29588	246	7	58(6	58(6	NUM
fbem-29588	246	8	):	):	PUNCT
fbem-29588	246	9	56	56	NUM
fbem-29588	246	10	-	-	SYM
fbem-29588	246	11	67	67	NUM
fbem-29588	246	12	.	.	PUNCT
fbem-29588	247	1	[	[	X
fbem-29588	247	2	15	15	NUM
fbem-29588	247	3	]	]	X
fbem-29588	247	4	beck	beck	NOUN
fbem-29588	247	5	,	,	PUNCT
fbem-29588	247	6	t.	t.	PROPN
fbem-29588	247	7	,	,	PUNCT
fbem-29588	247	8	levine	levine	PROPN
fbem-29588	247	9	,	,	PUNCT
fbem-29588	247	10	r.	r.	PROPN
fbem-29588	247	11	,	,	PUNCT
fbem-29588	247	12	and	and	CCONJ
fbem-29588	247	13	levkov	levkov	PROPN
fbem-29588	247	14	,	,	PUNCT
fbem-29588	247	15	2010	2010	NUM
fbem-29588	247	16	.	.	PUNCT
fbem-29588	248	1	big	big	ADJ
fbem-29588	248	2	bad	bad	ADJ
fbem-29588	248	3	banks	bank	NOUN
fbem-29588	248	4	?	?	PUNCT
fbem-29588	249	1	the	the	DET
fbem-29588	249	2	winners	winner	NOUN
fbem-29588	249	3	and	and	CCONJ
fbem-29588	249	4	losers	loser	NOUN
fbem-29588	249	5	from	from	ADP
fbem-29588	249	6	bank	bank	NOUN
fbem-29588	249	7	deregulation	deregulation	NOUN
fbem-29588	249	8	in	in	ADP
fbem-29588	249	9	the	the	DET
fbem-29588	249	10	united	united	PROPN
fbem-29588	249	11	states	states	PROPN
fbem-29588	249	12	.	.	PUNCT
fbem-29588	250	1	the	the	DET
fbem-29588	250	2	journal	journal	NOUN
fbem-29588	250	3	of	of	ADP
fbem-29588	250	4	finance	finance	NOUN
fbem-29588	250	5	,	,	PUNCT
fbem-29588	250	6	65(5):16371667	65(5):16371667	NOUN
fbem-29588	250	7	.	.	PUNCT
fbem-29588	251	1	[	[	X
fbem-29588	251	2	16	16	NUM
fbem-29588	251	3	]	]	X
fbem-29588	251	4	zhang	zhang	PROPN
fbem-29588	251	5	f	f	PROPN
fbem-29588	251	6	,	,	PUNCT
fbem-29588	251	7	qin	qin	PROPN
fbem-29588	251	8	x	x	PROPN
fbem-29588	251	9	,	,	PUNCT
fbem-29588	251	10	liu	liu	PROPN
fbem-29588	251	11	l.	l.	PROPN
fbem-29588	251	12	the	the	DET
fbem-29588	251	13	interaction	interaction	NOUN
fbem-29588	251	14	effect	effect	NOUN
fbem-29588	251	15	between	between	ADP
fbem-29588	251	16	esg	esg	PROPN
fbem-29588	251	17	and	and	CCONJ
fbem-29588	251	18	green	green	ADJ
fbem-29588	251	19	innovation	innovation	NOUN
fbem-29588	251	20	and	and	CCONJ
fbem-29588	251	21	its	its	PRON
fbem-29588	251	22	impact	impact	NOUN
fbem-29588	251	23	on	on	ADP
fbem-29588	251	24	firm	firm	ADJ
fbem-29588	251	25	value	value	NOUN
fbem-29588	251	26	from	from	ADP
fbem-29588	251	27	the	the	DET
fbem-29588	251	28	perspective	perspective	NOUN
fbem-29588	251	29	of	of	ADP
fbem-29588	251	30	information	information	NOUN
fbem-29588	251	31	disclosure	disclosure	NOUN
fbem-29588	252	1	[	[	X
fbem-29588	252	2	j	j	X
fbem-29588	252	3	]	]	X
fbem-29588	252	4	.	.	PUNCT
fbem-29588	253	1	sustainability	sustainability	NOUN
fbem-29588	253	2	,	,	PUNCT
fbem-29588	253	3	2020	2020	NUM
fbem-29588	253	4	,	,	PUNCT
fbem-29588	253	5	12(5	12(5	NUM
fbem-29588	253	6	):	):	PUNCT
fbem-29588	253	7	1866	1866	NUM
fbem-29588	253	8	.	.	PUNCT
fbem-29588	254	1	[	[	X
fbem-29588	254	2	17	17	NUM
fbem-29588	254	3	]	]	SYM
fbem-29588	254	4	baron	baron	NOUN
fbem-29588	254	5	,	,	PUNCT
fbem-29588	254	6	r.	r.	PROPN
fbem-29588	254	7	,	,	PUNCT
fbem-29588	254	8	m.	m.	NOUN
fbem-29588	254	9	,	,	PUNCT
fbem-29588	254	10	and	and	CCONJ
fbem-29588	254	11	kenny	kenny	PROPN
fbem-29588	254	12	,	,	PUNCT
fbem-29588	254	13	d.	d.	PROPN
fbem-29588	254	14	,	,	PUNCT
fbem-29588	254	15	a.	a.	PROPN
fbem-29588	254	16	,	,	PUNCT
fbem-29588	254	17	1986	1986	NUM
fbem-29588	254	18	.	.	PUNCT
fbem-29588	255	1	the	the	DET
fbem-29588	255	2	moderator	moderator	NOUN
fbem-29588	255	3	mediator	mediator	NOUN
fbem-29588	255	4	variable	variable	ADJ
fbem-29588	255	5	distinction	distinction	NOUN
fbem-29588	255	6	in	in	ADP
fbem-29588	255	7	social	social	ADJ
fbem-29588	255	8	psychological	psychological	ADJ
fbem-29588	255	9	research	research	NOUN
fbem-29588	255	10	:	:	PUNCT
fbem-29588	255	11	conceptual	conceptual	ADJ
fbem-29588	255	12	,	,	PUNCT
fbem-29588	255	13	strategic	strategic	ADJ
fbem-29588	255	14	,	,	PUNCT
fbem-29588	255	15	and	and	CCONJ
fbem-29588	255	16	statistical	statistical	ADJ
fbem-29588	255	17	considerations	consideration	NOUN
fbem-29588	255	18	.	.	PUNCT
fbem-29588	256	1	journal	journal	NOUN
fbem-29588	256	2	of	of	ADP
fbem-29588	256	3	personality	personality	NOUN
fbem-29588	256	4	and	and	CCONJ
fbem-29588	256	5	social	social	ADJ
fbem-29588	256	6	psychology	psychology	NOUN
fbem-29588	256	7	,	,	PUNCT
fbem-29588	256	8	51(6):11731182	51(6):11731182	NOUN
fbem-29588	256	9	.	.	PUNCT