id	sid	tid	token	lemma	pos
fbem-31293	1	1	frontiers	frontier	NOUN
fbem-31293	1	2	in	in	ADP
fbem-31293	1	3	business	business	NOUN
fbem-31293	1	4	,	,	PUNCT
fbem-31293	1	5	economics	economic	NOUN
fbem-31293	1	6	and	and	CCONJ
fbem-31293	1	7	management	management	NOUN
fbem-31293	1	8	issn	issn	PROPN
fbem-31293	1	9	:	:	PUNCT
fbem-31293	1	10	2766	2766	NUM
fbem-31293	1	11	-	-	PUNCT
fbem-31293	1	12	824x	824x	NUM
fbem-31293	1	13	|	|	ADJ
fbem-31293	1	14	vol	vol	NOUN
fbem-31293	1	15	.	.	PROPN
fbem-31293	1	16	20	20	NUM
fbem-31293	1	17	,	,	PUNCT
fbem-31293	1	18	no	no	INTJ
fbem-31293	1	19	.	.	NOUN
fbem-31293	1	20	1	1	NUM
fbem-31293	1	21	,	,	PUNCT
fbem-31293	1	22	2025	2025	NUM
fbem-31293	1	23	68	68	NUM
fbem-31293	1	24	a	a	DET
fbem-31293	1	25	research	research	NOUN
fbem-31293	1	26	on	on	ADP
fbem-31293	1	27	the	the	DET
fbem-31293	1	28	effects	effect	NOUN
fbem-31293	1	29	of	of	ADP
fbem-31293	1	30	nonfamily	nonfamily	NOUN
fbem-31293	1	31	manager	manager	NOUN
fbem-31293	1	32	involvement	involvement	NOUN
fbem-31293	1	33	on	on	ADP
fbem-31293	1	34	esg	esg	NOUN
fbem-31293	1	35	performance	performance	NOUN
fbem-31293	1	36	muhiddin	muhiddin	NOUN
fbem-31293	1	37	mirzomuddinov	mirzomuddinov	NOUN
fbem-31293	1	38	school	school	NOUN
fbem-31293	1	39	of	of	ADP
fbem-31293	1	40	economics	economic	NOUN
fbem-31293	1	41	,	,	PUNCT
fbem-31293	1	42	shanghai	shanghai	PROPN
fbem-31293	1	43	university	university	PROPN
fbem-31293	1	44	,	,	PUNCT
fbem-31293	1	45	shanghai	shanghai	PROPN
fbem-31293	1	46	200444	200444	NUM
fbem-31293	1	47	,	,	PUNCT
fbem-31293	1	48	china	china	PROPN
fbem-31293	1	49	abstract	abstract	NOUN
fbem-31293	1	50	:	:	PUNCT
fbem-31293	1	51	amid	amid	ADP
fbem-31293	1	52	growing	grow	VERB
fbem-31293	1	53	environmental	environmental	ADJ
fbem-31293	1	54	concerns	concern	NOUN
fbem-31293	1	55	and	and	CCONJ
fbem-31293	1	56	the	the	DET
fbem-31293	1	57	pivotal	pivotal	ADJ
fbem-31293	1	58	role	role	NOUN
fbem-31293	1	59	of	of	ADP
fbem-31293	1	60	family	family	NOUN
fbem-31293	1	61	firms	firm	NOUN
fbem-31293	1	62	in	in	ADP
fbem-31293	1	63	the	the	DET
fbem-31293	1	64	global	global	ADJ
fbem-31293	1	65	economy	economy	NOUN
fbem-31293	1	66	,	,	PUNCT
fbem-31293	1	67	scholars	scholar	NOUN
fbem-31293	1	68	have	have	AUX
fbem-31293	1	69	increasingly	increasingly	ADV
fbem-31293	1	70	focused	focus	VERB
fbem-31293	1	71	on	on	ADP
fbem-31293	1	72	the	the	DET
fbem-31293	1	73	factors	factor	NOUN
fbem-31293	1	74	that	that	PRON
fbem-31293	1	75	drive	drive	VERB
fbem-31293	1	76	their	their	PRON
fbem-31293	1	77	sustainable	sustainable	ADJ
fbem-31293	1	78	performance	performance	NOUN
fbem-31293	1	79	.	.	PUNCT
fbem-31293	2	1	family	family	NOUN
fbem-31293	2	2	firms	firm	NOUN
fbem-31293	2	3	,	,	PUNCT
fbem-31293	2	4	which	which	PRON
fbem-31293	2	5	balance	balance	VERB
fbem-31293	2	6	both	both	CCONJ
fbem-31293	2	7	economic	economic	ADJ
fbem-31293	2	8	and	and	CCONJ
fbem-31293	2	9	non	non	ADJ
fbem-31293	2	10	-	-	ADJ
fbem-31293	2	11	economic	economic	ADJ
fbem-31293	2	12	goals	goal	NOUN
fbem-31293	2	13	,	,	PUNCT
fbem-31293	2	14	often	often	ADV
fbem-31293	2	15	prioritize	prioritize	VERB
fbem-31293	2	16	long	long	ADJ
fbem-31293	2	17	-	-	PUNCT
fbem-31293	2	18	term	term	NOUN
fbem-31293	2	19	sustainability	sustainability	NOUN
fbem-31293	2	20	over	over	ADP
fbem-31293	2	21	short	short	ADJ
fbem-31293	2	22	-	-	PUNCT
fbem-31293	2	23	term	term	NOUN
fbem-31293	2	24	profits	profit	NOUN
fbem-31293	2	25	.	.	PUNCT
fbem-31293	3	1	however	however	ADV
fbem-31293	3	2	,	,	PUNCT
fbem-31293	3	3	the	the	DET
fbem-31293	3	4	interplay	interplay	NOUN
fbem-31293	3	5	between	between	ADP
fbem-31293	3	6	family	family	NOUN
fbem-31293	3	7	governance	governance	NOUN
fbem-31293	3	8	and	and	CCONJ
fbem-31293	3	9	professional	professional	ADJ
fbem-31293	3	10	management	management	NOUN
fbem-31293	3	11	introduces	introduce	NOUN
fbem-31293	3	12	challenges	challenge	NOUN
fbem-31293	3	13	in	in	ADP
fbem-31293	3	14	achieving	achieve	VERB
fbem-31293	3	15	sustainable	sustainable	ADJ
fbem-31293	3	16	outcomes	outcome	NOUN
fbem-31293	3	17	.	.	PUNCT
fbem-31293	4	1	drawing	draw	VERB
fbem-31293	4	2	on	on	ADP
fbem-31293	4	3	socio	socio	NOUN
fbem-31293	4	4	-	-	PUNCT
fbem-31293	4	5	emotional	emotional	ADJ
fbem-31293	4	6	wealth	wealth	NOUN
fbem-31293	4	7	theory	theory	NOUN
fbem-31293	4	8	,	,	PUNCT
fbem-31293	4	9	this	this	DET
fbem-31293	4	10	paper	paper	NOUN
fbem-31293	4	11	analyzes	analyze	VERB
fbem-31293	4	12	panel	panel	NOUN
fbem-31293	4	13	data	datum	NOUN
fbem-31293	4	14	from	from	ADP
fbem-31293	4	15	chinese	chinese	ADJ
fbem-31293	4	16	listed	list	VERB
fbem-31293	4	17	family	family	NOUN
fbem-31293	4	18	firms	firm	NOUN
fbem-31293	4	19	between	between	ADP
fbem-31293	4	20	2013	2013	NUM
fbem-31293	4	21	and	and	CCONJ
fbem-31293	4	22	2022	2022	NUM
fbem-31293	4	23	to	to	PART
fbem-31293	4	24	reveal	reveal	VERB
fbem-31293	4	25	an	an	DET
fbem-31293	4	26	inverted	inverted	ADJ
fbem-31293	4	27	ushaped	ushaped	ADJ
fbem-31293	4	28	relationship	relationship	NOUN
fbem-31293	4	29	between	between	ADP
fbem-31293	4	30	nonfamily	nonfamily	NOUN
fbem-31293	4	31	manager	manager	NOUN
fbem-31293	4	32	involvement	involvement	NOUN
fbem-31293	4	33	and	and	CCONJ
fbem-31293	4	34	corporate	corporate	ADJ
fbem-31293	4	35	environmental	environmental	ADJ
fbem-31293	4	36	,	,	PUNCT
fbem-31293	4	37	social	social	ADJ
fbem-31293	4	38	,	,	PUNCT
fbem-31293	4	39	and	and	CCONJ
fbem-31293	4	40	governance	governance	NOUN
fbem-31293	4	41	(	(	PUNCT
fbem-31293	4	42	esg	esg	NOUN
fbem-31293	4	43	)	)	PUNCT
fbem-31293	4	44	performance	performance	NOUN
fbem-31293	4	45	.	.	PUNCT
fbem-31293	5	1	furthermore	furthermore	ADV
fbem-31293	5	2	,	,	PUNCT
fbem-31293	5	3	the	the	DET
fbem-31293	5	4	study	study	NOUN
fbem-31293	5	5	examines	examine	VERB
fbem-31293	5	6	how	how	SCONJ
fbem-31293	5	7	chinese	chinese	ADJ
fbem-31293	5	8	traditional	traditional	ADJ
fbem-31293	5	9	cultural	cultural	ADJ
fbem-31293	5	10	values	value	NOUN
fbem-31293	5	11	,	,	PUNCT
fbem-31293	5	12	particularly	particularly	ADV
fbem-31293	5	13	"	"	PUNCT
fbem-31293	5	14	familism	familism	NOUN
fbem-31293	5	15	"	"	PUNCT
fbem-31293	5	16	,	,	PUNCT
fbem-31293	5	17	moderate	moderate	VERB
fbem-31293	5	18	this	this	DET
fbem-31293	5	19	nonlinear	nonlinear	ADJ
fbem-31293	5	20	relationship	relationship	NOUN
fbem-31293	5	21	.	.	PUNCT
fbem-31293	6	1	multiple	multiple	ADJ
fbem-31293	6	2	robustness	robustness	NOUN
fbem-31293	6	3	checks	check	NOUN
fbem-31293	6	4	validate	validate	VERB
fbem-31293	6	5	the	the	DET
fbem-31293	6	6	findings	finding	NOUN
fbem-31293	6	7	.	.	PUNCT
fbem-31293	7	1	this	this	DET
fbem-31293	7	2	research	research	NOUN
fbem-31293	7	3	advances	advance	VERB
fbem-31293	7	4	academic	academic	ADJ
fbem-31293	7	5	literature	literature	NOUN
fbem-31293	7	6	by	by	ADP
fbem-31293	7	7	deepening	deepen	VERB
fbem-31293	7	8	the	the	DET
fbem-31293	7	9	understanding	understanding	NOUN
fbem-31293	7	10	of	of	ADP
fbem-31293	7	11	non	non	ADJ
fbem-31293	7	12	-	-	ADJ
fbem-31293	7	13	financial	financial	ADJ
fbem-31293	7	14	consequences	consequence	NOUN
fbem-31293	7	15	related	relate	VERB
fbem-31293	7	16	to	to	ADP
fbem-31293	7	17	nonfamily	nonfamily	NOUN
fbem-31293	7	18	manager	manager	NOUN
fbem-31293	7	19	involvement	involvement	NOUN
fbem-31293	7	20	in	in	ADP
fbem-31293	7	21	family	family	NOUN
fbem-31293	7	22	firms	firm	NOUN
fbem-31293	7	23	,	,	PUNCT
fbem-31293	7	24	while	while	SCONJ
fbem-31293	7	25	providing	provide	VERB
fbem-31293	7	26	practical	practical	ADJ
fbem-31293	7	27	insights	insight	NOUN
fbem-31293	7	28	for	for	ADP
fbem-31293	7	29	businesses	business	NOUN
fbem-31293	7	30	pursuing	pursue	VERB
fbem-31293	7	31	sustainability	sustainability	NOUN
fbem-31293	7	32	.	.	PUNCT
fbem-31293	8	1	keywords	keyword	NOUN
fbem-31293	8	2	:	:	PUNCT
fbem-31293	8	3	family	family	NOUN
fbem-31293	8	4	firms	firm	NOUN
fbem-31293	8	5	;	;	PUNCT
fbem-31293	8	6	nonfamily	nonfamily	NOUN
fbem-31293	8	7	managers	manager	NOUN
fbem-31293	8	8	;	;	PUNCT
fbem-31293	8	9	esg	esg	NOUN
fbem-31293	8	10	performance	performance	NOUN
fbem-31293	8	11	;	;	PUNCT
fbem-31293	8	12	agency	agency	NOUN
fbem-31293	8	13	theory	theory	NOUN
fbem-31293	8	14	;	;	PUNCT
fbem-31293	8	15	familism	familism	NOUN
fbem-31293	8	16	.	.	PUNCT
fbem-31293	9	1	1	1	X
fbem-31293	9	2	.	.	X
fbem-31293	9	3	introduction	introduction	NOUN
fbem-31293	9	4	over	over	ADP
fbem-31293	9	5	the	the	DET
fbem-31293	9	6	past	past	ADJ
fbem-31293	9	7	decades	decade	NOUN
fbem-31293	9	8	,	,	PUNCT
fbem-31293	9	9	the	the	DET
fbem-31293	9	10	environmental	environmental	ADJ
fbem-31293	9	11	,	,	PUNCT
fbem-31293	9	12	social	social	ADJ
fbem-31293	9	13	and	and	CCONJ
fbem-31293	9	14	governance	governance	NOUN
fbem-31293	9	15	(	(	PUNCT
fbem-31293	9	16	esg	esg	NOUN
fbem-31293	9	17	)	)	PUNCT
fbem-31293	9	18	performance	performance	NOUN
fbem-31293	9	19	of	of	ADP
fbem-31293	9	20	listed	list	VERB
fbem-31293	9	21	companies	company	NOUN
fbem-31293	9	22	has	have	AUX
fbem-31293	9	23	captured	capture	VERB
fbem-31293	9	24	increasing	increase	VERB
fbem-31293	9	25	attention	attention	NOUN
fbem-31293	9	26	from	from	ADP
fbem-31293	9	27	both	both	DET
fbem-31293	9	28	practitioners	practitioner	NOUN
fbem-31293	9	29	and	and	CCONJ
fbem-31293	9	30	scholars	scholar	NOUN
fbem-31293	9	31	,	,	PUNCT
fbem-31293	9	32	particularly	particularly	ADV
fbem-31293	9	33	in	in	ADP
fbem-31293	9	34	europe	europe	PROPN
fbem-31293	9	35	and	and	CCONJ
fbem-31293	9	36	asia	asia	PROPN
fbem-31293	10	1	[	[	X
fbem-31293	10	2	32	32	NUM
fbem-31293	10	3	]	]	PUNCT
fbem-31293	10	4	.	.	PUNCT
fbem-31293	11	1	esg	esg	PROPN
fbem-31293	11	2	criteria	criterion	NOUN
fbem-31293	11	3	are	be	AUX
fbem-31293	11	4	closely	closely	ADV
fbem-31293	11	5	related	relate	VERB
fbem-31293	11	6	to	to	ADP
fbem-31293	11	7	ethical	ethical	ADJ
fbem-31293	11	8	and	and	CCONJ
fbem-31293	11	9	socially	socially	ADV
fbem-31293	11	10	responsible	responsible	ADJ
fbem-31293	11	11	investing	investing	NOUN
fbem-31293	11	12	and	and	CCONJ
fbem-31293	11	13	thus	thus	ADV
fbem-31293	11	14	have	have	AUX
fbem-31293	11	15	become	become	VERB
fbem-31293	11	16	an	an	DET
fbem-31293	11	17	important	important	ADJ
fbem-31293	11	18	indicator	indicator	NOUN
fbem-31293	11	19	of	of	ADP
fbem-31293	11	20	corporate	corporate	ADJ
fbem-31293	11	21	sustainability	sustainability	NOUN
fbem-31293	11	22	and	and	CCONJ
fbem-31293	11	23	non	non	ADJ
fbem-31293	11	24	-	-	ADJ
fbem-31293	11	25	financial	financial	ADJ
fbem-31293	11	26	performance	performance	NOUN
fbem-31293	11	27	[	[	X
fbem-31293	11	28	30	30	NUM
fbem-31293	11	29	]	]	PUNCT
fbem-31293	11	30	.	.	PUNCT
fbem-31293	12	1	as	as	SCONJ
fbem-31293	12	2	emerging	emerge	VERB
fbem-31293	12	3	economies	economy	NOUN
fbem-31293	12	4	begin	begin	VERB
fbem-31293	12	5	to	to	PART
fbem-31293	12	6	pursue	pursue	VERB
fbem-31293	12	7	high	high	ADJ
fbem-31293	12	8	-	-	PUNCT
fbem-31293	12	9	quality	quality	NOUN
fbem-31293	12	10	development	development	NOUN
fbem-31293	12	11	,	,	PUNCT
fbem-31293	12	12	countries	country	NOUN
fbem-31293	12	13	such	such	ADJ
fbem-31293	12	14	as	as	ADP
fbem-31293	12	15	china	china	PROPN
fbem-31293	12	16	are	be	AUX
fbem-31293	12	17	placing	place	VERB
fbem-31293	12	18	greater	great	ADJ
fbem-31293	12	19	emphasis	emphasis	NOUN
fbem-31293	12	20	on	on	ADP
fbem-31293	12	21	esg	esg	PROPN
fbem-31293	12	22	criteria	criterion	NOUN
fbem-31293	12	23	[	[	X
fbem-31293	12	24	64	64	NUM
fbem-31293	12	25	]	]	PUNCT
fbem-31293	12	26	.	.	PUNCT
fbem-31293	13	1	family	family	NOUN
fbem-31293	13	2	enterprises	enterprise	NOUN
fbem-31293	13	3	,	,	PUNCT
fbem-31293	13	4	a	a	DET
fbem-31293	13	5	key	key	ADJ
fbem-31293	13	6	component	component	NOUN
fbem-31293	13	7	of	of	ADP
fbem-31293	13	8	the	the	DET
fbem-31293	13	9	private	private	ADJ
fbem-31293	13	10	sector	sector	NOUN
fbem-31293	13	11	[	[	X
fbem-31293	13	12	38	38	NUM
fbem-31293	13	13	]	]	PUNCT
fbem-31293	13	14	,	,	PUNCT
fbem-31293	13	15	play	play	VERB
fbem-31293	13	16	an	an	DET
fbem-31293	13	17	indispensable	indispensable	ADJ
fbem-31293	13	18	role	role	NOUN
fbem-31293	13	19	in	in	ADP
fbem-31293	13	20	this	this	DET
fbem-31293	13	21	process	process	NOUN
fbem-31293	13	22	.	.	PUNCT
fbem-31293	14	1	these	these	DET
fbem-31293	14	2	firms	firm	NOUN
fbem-31293	14	3	,	,	PUNCT
fbem-31293	14	4	generally	generally	ADV
fbem-31293	14	5	characterized	characterize	VERB
fbem-31293	14	6	by	by	ADP
fbem-31293	14	7	the	the	DET
fbem-31293	14	8	heavy	heavy	ADJ
fbem-31293	14	9	involvement	involvement	NOUN
fbem-31293	14	10	of	of	ADP
fbem-31293	14	11	founding	found	VERB
fbem-31293	14	12	or	or	CCONJ
fbem-31293	14	13	controlling	control	VERB
fbem-31293	14	14	families	family	NOUN
fbem-31293	14	15	[	[	X
fbem-31293	14	16	16	16	NUM
fbem-31293	14	17	]	]	PUNCT
fbem-31293	14	18	,	,	PUNCT
fbem-31293	14	19	highlight	highlight	VERB
fbem-31293	14	20	social	social	ADJ
fbem-31293	14	21	emotional	emotional	ADJ
fbem-31293	14	22	wealth	wealth	NOUN
fbem-31293	14	23	(	(	PUNCT
fbem-31293	14	24	sew	sew	PROPN
fbem-31293	14	25	)	)	PUNCT
fbem-31293	14	26	in	in	ADP
fbem-31293	14	27	their	their	PRON
fbem-31293	14	28	strategic	strategic	ADJ
fbem-31293	14	29	decisions	decision	NOUN
fbem-31293	14	30	[	[	X
fbem-31293	14	31	49	49	NUM
fbem-31293	14	32	]	]	PUNCT
fbem-31293	14	33	.	.	PUNCT
fbem-31293	15	1	sew	sew	VERB
fbem-31293	15	2	,	,	PUNCT
fbem-31293	15	3	as	as	SCONJ
fbem-31293	15	4	proposed	propose	VERB
fbem-31293	15	5	by	by	ADP
fbem-31293	15	6	gomez	gomez	PROPN
fbem-31293	15	7	-	-	PUNCT
fbem-31293	15	8	mejia	mejia	PROPN
fbem-31293	16	1	[	[	X
fbem-31293	16	2	33	33	NUM
fbem-31293	16	3	]	]	PUNCT
fbem-31293	16	4	,	,	PUNCT
fbem-31293	16	5	propels	propel	VERB
fbem-31293	16	6	family	family	NOUN
fbem-31293	16	7	firms	firm	NOUN
fbem-31293	16	8	to	to	PART
fbem-31293	16	9	prioritize	prioritize	VERB
fbem-31293	16	10	the	the	DET
fbem-31293	16	11	continuation	continuation	NOUN
fbem-31293	16	12	of	of	ADP
fbem-31293	16	13	family	family	NOUN
fbem-31293	16	14	control	control	NOUN
fbem-31293	16	15	and	and	CCONJ
fbem-31293	16	16	reputation	reputation	NOUN
fbem-31293	16	17	.	.	PUNCT
fbem-31293	17	1	therefore	therefore	ADV
fbem-31293	17	2	,	,	PUNCT
fbem-31293	17	3	their	their	PRON
fbem-31293	17	4	focus	focus	NOUN
fbem-31293	17	5	on	on	ADP
fbem-31293	17	6	non	non	ADJ
fbem-31293	17	7	-	-	ADJ
fbem-31293	17	8	economic	economic	ADJ
fbem-31293	17	9	goals	goal	NOUN
fbem-31293	17	10	naturally	naturally	ADV
fbem-31293	17	11	makes	make	VERB
fbem-31293	17	12	family	family	NOUN
fbem-31293	17	13	firms	firm	NOUN
fbem-31293	17	14	more	more	ADV
fbem-31293	17	15	motivated	motivated	ADJ
fbem-31293	17	16	than	than	ADP
fbem-31293	17	17	non	non	ADJ
fbem-31293	17	18	-	-	ADJ
fbem-31293	17	19	family	family	ADJ
fbem-31293	17	20	firms	firm	NOUN
fbem-31293	17	21	to	to	PART
fbem-31293	17	22	invest	invest	VERB
fbem-31293	17	23	in	in	ADP
fbem-31293	17	24	sustainable	sustainable	ADJ
fbem-31293	17	25	and	and	CCONJ
fbem-31293	17	26	socially	socially	ADV
fbem-31293	17	27	responsible	responsible	ADJ
fbem-31293	17	28	esg	esg	NOUN
fbem-31293	17	29	initiatives	initiative	NOUN
fbem-31293	17	30	[	[	X
fbem-31293	17	31	3	3	NUM
fbem-31293	17	32	]	]	PUNCT
fbem-31293	17	33	.	.	PUNCT
fbem-31293	18	1	however	however	ADV
fbem-31293	18	2	,	,	PUNCT
fbem-31293	18	3	as	as	SCONJ
fbem-31293	18	4	family	family	NOUN
fbem-31293	18	5	firms	firm	NOUN
fbem-31293	18	6	expand	expand	VERB
fbem-31293	18	7	,	,	PUNCT
fbem-31293	18	8	they	they	PRON
fbem-31293	18	9	inevitably	inevitably	ADV
fbem-31293	18	10	introduce	introduce	VERB
fbem-31293	18	11	hired	hire	VERB
fbem-31293	18	12	managers	manager	NOUN
fbem-31293	18	13	to	to	PART
fbem-31293	18	14	modernize	modernize	VERB
fbem-31293	18	15	their	their	PRON
fbem-31293	18	16	managerial	managerial	ADJ
fbem-31293	18	17	practices	practice	NOUN
fbem-31293	18	18	[	[	X
fbem-31293	18	19	9	9	NUM
fbem-31293	18	20	]	]	PUNCT
fbem-31293	18	21	.	.	PUNCT
fbem-31293	19	1	while	while	SCONJ
fbem-31293	19	2	these	these	DET
fbem-31293	19	3	nonfamily	nonfamily	NOUN
fbem-31293	19	4	managers	manager	NOUN
fbem-31293	19	5	often	often	ADV
fbem-31293	19	6	possess	possess	VERB
fbem-31293	19	7	professional	professional	ADJ
fbem-31293	19	8	experience	experience	NOUN
fbem-31293	19	9	and	and	CCONJ
fbem-31293	19	10	distinctive	distinctive	ADJ
fbem-31293	19	11	social	social	ADJ
fbem-31293	19	12	capital	capital	NOUN
fbem-31293	19	13	[	[	X
fbem-31293	19	14	11	11	NUM
fbem-31293	19	15	]	]	PUNCT
fbem-31293	19	16	,	,	PUNCT
fbem-31293	19	17	which	which	PRON
fbem-31293	19	18	potentially	potentially	ADV
fbem-31293	19	19	enhance	enhance	VERB
fbem-31293	19	20	esg	esg	NOUN
fbem-31293	19	21	performance	performance	NOUN
fbem-31293	19	22	,	,	PUNCT
fbem-31293	19	23	they	they	PRON
fbem-31293	19	24	lack	lack	VERB
fbem-31293	19	25	the	the	DET
fbem-31293	19	26	intrinsic	intrinsic	ADJ
fbem-31293	19	27	motivation	motivation	NOUN
fbem-31293	19	28	to	to	PART
fbem-31293	19	29	preserve	preserve	VERB
fbem-31293	19	30	the	the	DET
fbem-31293	19	31	family	family	NOUN
fbem-31293	19	32	’s	’s	PART
fbem-31293	19	33	sew	sew	NOUN
fbem-31293	20	1	[	[	X
fbem-31293	20	2	34	34	NUM
fbem-31293	20	3	]	]	PUNCT
fbem-31293	20	4	.	.	PUNCT
fbem-31293	21	1	furthermore	furthermore	ADV
fbem-31293	21	2	,	,	PUNCT
fbem-31293	21	3	the	the	DET
fbem-31293	21	4	involvement	involvement	NOUN
fbem-31293	21	5	of	of	ADP
fbem-31293	21	6	hired	hire	VERB
fbem-31293	21	7	managers	manager	NOUN
fbem-31293	21	8	may	may	AUX
fbem-31293	21	9	also	also	ADV
fbem-31293	21	10	lead	lead	VERB
fbem-31293	21	11	to	to	ADP
fbem-31293	21	12	agency	agency	NOUN
fbem-31293	21	13	costs	cost	NOUN
fbem-31293	21	14	owing	owe	VERB
fbem-31293	21	15	to	to	ADP
fbem-31293	21	16	the	the	DET
fbem-31293	21	17	incongruent	incongruent	ADJ
fbem-31293	21	18	goals	goal	NOUN
fbem-31293	21	19	between	between	ADP
fbem-31293	21	20	families	family	NOUN
fbem-31293	21	21	and	and	CCONJ
fbem-31293	21	22	nonfamily	nonfamily	NOUN
fbem-31293	21	23	members	member	NOUN
fbem-31293	21	24	[	[	X
fbem-31293	21	25	14	14	NUM
fbem-31293	21	26	]	]	PUNCT
fbem-31293	21	27	,	,	PUNCT
fbem-31293	21	28	and	and	CCONJ
fbem-31293	21	29	information	information	NOUN
fbem-31293	21	30	asymmetry	asymmetry	NOUN
fbem-31293	22	1	[	[	X
fbem-31293	22	2	15	15	NUM
fbem-31293	22	3	]	]	PUNCT
fbem-31293	22	4	.	.	PUNCT
fbem-31293	23	1	therefore	therefore	ADV
fbem-31293	23	2	,	,	PUNCT
fbem-31293	23	3	understanding	understand	VERB
fbem-31293	23	4	the	the	DET
fbem-31293	23	5	relationship	relationship	NOUN
fbem-31293	23	6	between	between	ADP
fbem-31293	23	7	family	family	NOUN
fbem-31293	23	8	firm	firm	NOUN
fbem-31293	23	9	professionalization	professionalization	PROPN
fbem-31293	23	10	and	and	CCONJ
fbem-31293	23	11	esg	esg	NOUN
fbem-31293	23	12	performance	performance	NOUN
fbem-31293	23	13	remains	remain	VERB
fbem-31293	23	14	imperative	imperative	ADJ
fbem-31293	23	15	.	.	PUNCT
fbem-31293	24	1	here	here	ADV
fbem-31293	24	2	,	,	PUNCT
fbem-31293	24	3	i	i	PRON
fbem-31293	24	4	raise	raise	VERB
fbem-31293	24	5	my	my	PRON
fbem-31293	24	6	first	first	ADJ
fbem-31293	24	7	research	research	NOUN
fbem-31293	24	8	question	question	NOUN
fbem-31293	24	9	:	:	PUNCT
fbem-31293	24	10	to	to	ADP
fbem-31293	24	11	what	what	DET
fbem-31293	24	12	extent	extent	NOUN
fbem-31293	24	13	does	do	AUX
fbem-31293	24	14	nonfamily	nonfamily	NOUN
fbem-31293	24	15	manager	manager	NOUN
fbem-31293	24	16	involvement	involvement	NOUN
fbem-31293	24	17	influence	influence	NOUN
fbem-31293	24	18	esg	esg	NOUN
fbem-31293	24	19	performance	performance	NOUN
fbem-31293	24	20	?	?	PUNCT
fbem-31293	25	1	and	and	CCONJ
fbem-31293	25	2	how	how	SCONJ
fbem-31293	25	3	does	do	AUX
fbem-31293	25	4	this	this	DET
fbem-31293	25	5	impact	impact	NOUN
fbem-31293	25	6	change	change	NOUN
fbem-31293	25	7	during	during	ADP
fbem-31293	25	8	managers	manager	NOUN
fbem-31293	25	9	’	’	PART
fbem-31293	25	10	tenure	tenure	NOUN
fbem-31293	25	11	in	in	ADP
fbem-31293	25	12	family	family	NOUN
fbem-31293	25	13	firms	firm	NOUN
fbem-31293	25	14	?	?	PUNCT
fbem-31293	26	1	additionally	additionally	ADV
fbem-31293	26	2	,	,	PUNCT
fbem-31293	26	3	current	current	ADJ
fbem-31293	26	4	research	research	NOUN
fbem-31293	26	5	suggests	suggest	VERB
fbem-31293	26	6	that	that	SCONJ
fbem-31293	26	7	cultural	cultural	ADJ
fbem-31293	26	8	values	value	NOUN
fbem-31293	26	9	lay	lie	VERB
fbem-31293	26	10	the	the	DET
fbem-31293	26	11	foundation	foundation	NOUN
fbem-31293	26	12	for	for	ADP
fbem-31293	26	13	individual	individual	ADJ
fbem-31293	26	14	behaviors	behavior	NOUN
fbem-31293	26	15	and	and	CCONJ
fbem-31293	26	16	cognitions	cognition	NOUN
fbem-31293	26	17	.	.	PUNCT
fbem-31293	27	1	under	under	ADP
fbem-31293	27	2	the	the	DET
fbem-31293	27	3	influence	influence	NOUN
fbem-31293	27	4	of	of	ADP
fbem-31293	27	5	confucianism	confucianism	PROPN
fbem-31293	27	6	,	,	PUNCT
fbem-31293	27	7	china	china	PROPN
fbem-31293	27	8	has	have	AUX
fbem-31293	27	9	developed	develop	VERB
fbem-31293	27	10	a	a	DET
fbem-31293	27	11	familism	familism	NOUN
fbem-31293	27	12	cultural	cultural	ADJ
fbem-31293	27	13	system	system	NOUN
fbem-31293	27	14	that	that	PRON
fbem-31293	27	15	prioritizes	prioritize	VERB
fbem-31293	27	16	family	family	NOUN
fbem-31293	27	17	ties	tie	NOUN
fbem-31293	27	18	over	over	ADP
fbem-31293	27	19	other	other	ADJ
fbem-31293	27	20	social	social	ADJ
fbem-31293	27	21	relationships	relationship	NOUN
fbem-31293	27	22	[	[	X
fbem-31293	27	23	29	29	NUM
fbem-31293	27	24	]	]	PUNCT
fbem-31293	27	25	.	.	PUNCT
fbem-31293	28	1	this	this	DET
fbem-31293	28	2	unique	unique	ADJ
fbem-31293	28	3	cultural	cultural	ADJ
fbem-31293	28	4	setting	setting	NOUN
fbem-31293	28	5	may	may	AUX
fbem-31293	28	6	influence	influence	VERB
fbem-31293	28	7	the	the	DET
fbem-31293	28	8	non	non	ADJ
fbem-31293	28	9	-	-	ADJ
fbem-31293	28	10	financial	financial	ADJ
fbem-31293	28	11	outcomes	outcome	NOUN
fbem-31293	28	12	of	of	ADP
fbem-31293	28	13	professionalization	professionalization	NOUN
fbem-31293	28	14	in	in	ADP
fbem-31293	28	15	family	family	NOUN
fbem-31293	28	16	businesses	business	NOUN
fbem-31293	28	17	.	.	PUNCT
fbem-31293	29	1	moreover	moreover	ADV
fbem-31293	29	2	,	,	PUNCT
fbem-31293	29	3	based	base	VERB
fbem-31293	29	4	on	on	ADP
fbem-31293	29	5	the	the	DET
fbem-31293	29	6	world	world	NOUN
fbem-31293	29	7	value	value	NOUN
fbem-31293	29	8	survey	survey	NOUN
fbem-31293	29	9	(	(	PUNCT
fbem-31293	29	10	wvs	wvs	NOUN
fbem-31293	29	11	)	)	PUNCT
fbem-31293	29	12	,	,	PUNCT
fbem-31293	29	13	the	the	DET
fbem-31293	29	14	degrees	degree	NOUN
fbem-31293	29	15	to	to	PART
fbem-31293	29	16	which	which	PRON
fbem-31293	29	17	chinese	chinese	ADJ
fbem-31293	29	18	people	people	NOUN
fbem-31293	29	19	are	be	AUX
fbem-31293	29	20	affected	affect	VERB
fbem-31293	29	21	by	by	ADP
fbem-31293	29	22	familism	familism	NOUN
fbem-31293	29	23	vary	vary	VERB
fbem-31293	29	24	significantly	significantly	ADV
fbem-31293	29	25	across	across	ADP
fbem-31293	29	26	provinces	province	NOUN
fbem-31293	29	27	[	[	X
fbem-31293	29	28	47	47	NUM
fbem-31293	29	29	]	]	PUNCT
fbem-31293	29	30	.	.	PUNCT
fbem-31293	30	1	taken	take	VERB
fbem-31293	30	2	together	together	ADV
fbem-31293	30	3	,	,	PUNCT
fbem-31293	30	4	i	i	PRON
fbem-31293	30	5	propose	propose	VERB
fbem-31293	30	6	my	my	PRON
fbem-31293	30	7	second	second	ADJ
fbem-31293	30	8	research	research	NOUN
fbem-31293	30	9	question	question	NOUN
fbem-31293	30	10	:	:	PUNCT
fbem-31293	30	11	to	to	ADP
fbem-31293	30	12	what	what	DET
fbem-31293	30	13	extent	extent	NOUN
fbem-31293	30	14	does	do	AUX
fbem-31293	30	15	familism	familism	NOUN
fbem-31293	30	16	culture	culture	NOUN
fbem-31293	30	17	across	across	ADP
fbem-31293	30	18	china	china	PROPN
fbem-31293	30	19	moderate	moderate	VERB
fbem-31293	30	20	the	the	DET
fbem-31293	30	21	relationship	relationship	NOUN
fbem-31293	30	22	between	between	ADP
fbem-31293	30	23	nonfamily	nonfamily	NOUN
fbem-31293	30	24	manager	manager	NOUN
fbem-31293	30	25	involvement	involvement	NOUN
fbem-31293	30	26	and	and	CCONJ
fbem-31293	30	27	esg	esg	NOUN
fbem-31293	30	28	performance	performance	NOUN
fbem-31293	30	29	?	?	PUNCT
fbem-31293	31	1	based	base	VERB
fbem-31293	31	2	on	on	ADP
fbem-31293	31	3	a	a	DET
fbem-31293	31	4	sample	sample	NOUN
fbem-31293	31	5	of	of	ADP
fbem-31293	31	6	the	the	DET
fbem-31293	31	7	publicly	publicly	ADV
fbem-31293	31	8	listed	list	VERB
fbem-31293	31	9	family	family	NOUN
fbem-31293	31	10	firms	firm	NOUN
fbem-31293	31	11	in	in	ADP
fbem-31293	31	12	china	china	PROPN
fbem-31293	31	13	from	from	ADP
fbem-31293	31	14	2013	2013	NUM
fbem-31293	31	15	to	to	ADP
fbem-31293	31	16	2022	2022	NUM
fbem-31293	31	17	,	,	PUNCT
fbem-31293	31	18	this	this	DET
fbem-31293	31	19	study	study	NOUN
fbem-31293	31	20	makes	make	VERB
fbem-31293	31	21	two	two	NUM
fbem-31293	31	22	contributions	contribution	NOUN
fbem-31293	31	23	to	to	ADP
fbem-31293	31	24	the	the	DET
fbem-31293	31	25	existing	exist	VERB
fbem-31293	31	26	literature	literature	NOUN
fbem-31293	31	27	.	.	PUNCT
fbem-31293	32	1	first	first	ADV
fbem-31293	32	2	,	,	PUNCT
fbem-31293	32	3	it	it	PRON
fbem-31293	32	4	enriches	enrich	VERB
fbem-31293	32	5	the	the	DET
fbem-31293	32	6	literature	literature	NOUN
fbem-31293	32	7	on	on	ADP
fbem-31293	32	8	the	the	DET
fbem-31293	32	9	heterogeneous	heterogeneous	ADJ
fbem-31293	32	10	impact	impact	NOUN
fbem-31293	32	11	of	of	ADP
fbem-31293	32	12	nonfamily	nonfamily	NOUN
fbem-31293	32	13	managers	manager	NOUN
fbem-31293	32	14	on	on	ADP
fbem-31293	32	15	nonfinancial	nonfinancial	ADJ
fbem-31293	32	16	objectives	objective	NOUN
fbem-31293	32	17	.	.	PUNCT
fbem-31293	33	1	existing	exist	VERB
fbem-31293	33	2	research	research	NOUN
fbem-31293	33	3	mainly	mainly	ADV
fbem-31293	33	4	focuses	focus	VERB
fbem-31293	33	5	on	on	ADP
fbem-31293	33	6	the	the	DET
fbem-31293	33	7	impact	impact	NOUN
fbem-31293	33	8	of	of	ADP
fbem-31293	33	9	family	family	NOUN
fbem-31293	33	10	members	member	NOUN
fbem-31293	33	11	'	'	PART
fbem-31293	33	12	sew	sew	NOUN
fbem-31293	33	13	on	on	ADP
fbem-31293	33	14	sustainability	sustainability	NOUN
fbem-31293	33	15	[	[	X
fbem-31293	33	16	33	33	NUM
fbem-31293	33	17	]	]	PUNCT
fbem-31293	33	18	,	,	PUNCT
fbem-31293	33	19	and	and	CCONJ
fbem-31293	33	20	thus	thus	ADV
fbem-31293	33	21	has	have	AUX
fbem-31293	33	22	neglected	neglect	VERB
fbem-31293	33	23	the	the	DET
fbem-31293	33	24	role	role	NOUN
fbem-31293	33	25	of	of	ADP
fbem-31293	33	26	nonfamily	nonfamily	NOUN
fbem-31293	33	27	managers	manager	NOUN
fbem-31293	33	28	in	in	ADP
fbem-31293	33	29	family	family	NOUN
fbem-31293	33	30	firms	firm	NOUN
fbem-31293	33	31	’	'	PUNCT
fbem-31293	33	32	sustainable	sustainable	ADJ
fbem-31293	33	33	development	development	NOUN
fbem-31293	33	34	.	.	PUNCT
fbem-31293	34	1	by	by	ADP
fbem-31293	34	2	adopting	adopt	VERB
fbem-31293	34	3	the	the	DET
fbem-31293	34	4	agency	agency	NOUN
fbem-31293	34	5	theory	theory	NOUN
fbem-31293	34	6	,	,	PUNCT
fbem-31293	34	7	sew	sew	NOUN
fbem-31293	34	8	theory	theory	NOUN
fbem-31293	34	9	and	and	CCONJ
fbem-31293	34	10	stewardship	stewardship	NOUN
fbem-31293	34	11	theory	theory	NOUN
fbem-31293	34	12	,	,	PUNCT
fbem-31293	34	13	this	this	DET
fbem-31293	34	14	study	study	NOUN
fbem-31293	34	15	discovers	discover	VERB
fbem-31293	34	16	an	an	DET
fbem-31293	34	17	inverted	inverted	ADJ
fbem-31293	34	18	u	u	NOUN
fbem-31293	34	19	-	-	NOUN
fbem-31293	34	20	shape	shape	NOUN
fbem-31293	34	21	relationship	relationship	NOUN
fbem-31293	34	22	between	between	ADP
fbem-31293	34	23	professionalization	professionalization	NOUN
fbem-31293	34	24	and	and	CCONJ
fbem-31293	34	25	esg	esg	NOUN
fbem-31293	34	26	performance	performance	NOUN
fbem-31293	34	27	.	.	PUNCT
fbem-31293	35	1	this	this	DET
fbem-31293	35	2	finding	finding	NOUN
fbem-31293	35	3	challenges	challenge	VERB
fbem-31293	35	4	the	the	DET
fbem-31293	35	5	“	"	PUNCT
fbem-31293	35	6	either	either	CCONJ
fbem-31293	35	7	/	/	SYM
fbem-31293	35	8	or	or	CCONJ
fbem-31293	35	9	”	"	PUNCT
fbem-31293	35	10	assumptions	assumption	NOUN
fbem-31293	35	11	between	between	ADP
fbem-31293	35	12	professional	professional	ADJ
fbem-31293	35	13	management	management	NOUN
fbem-31293	35	14	and	and	CCONJ
fbem-31293	35	15	family	family	NOUN
fbem-31293	35	16	management	management	NOUN
fbem-31293	35	17	,	,	PUNCT
fbem-31293	35	18	which	which	PRON
fbem-31293	35	19	may	may	AUX
fbem-31293	35	20	weaken	weaken	VERB
fbem-31293	35	21	the	the	DET
fbem-31293	35	22	competitive	competitive	ADJ
fbem-31293	35	23	advantage	advantage	NOUN
fbem-31293	35	24	of	of	ADP
fbem-31293	35	25	family	family	NOUN
fbem-31293	35	26	firms	firm	NOUN
fbem-31293	35	27	’	'	PUNCT
fbem-31293	35	28	esg	esg	PROPN
fbem-31293	35	29	output	output	NOUN
fbem-31293	35	30	.	.	PUNCT
fbem-31293	36	1	second	second	ADJ
fbem-31293	36	2	,	,	PUNCT
fbem-31293	36	3	this	this	DET
fbem-31293	36	4	paper	paper	NOUN
fbem-31293	36	5	explores	explore	VERB
fbem-31293	36	6	the	the	DET
fbem-31293	36	7	mechanisms	mechanism	NOUN
fbem-31293	36	8	through	through	ADP
fbem-31293	36	9	which	which	PRON
fbem-31293	36	10	traditional	traditional	ADJ
fbem-31293	36	11	culture	culture	NOUN
fbem-31293	36	12	influences	influence	VERB
fbem-31293	36	13	family	family	NOUN
fbem-31293	36	14	firms	firm	NOUN
fbem-31293	36	15	'	'	PART
fbem-31293	36	16	achievement	achievement	NOUN
fbem-31293	36	17	of	of	ADP
fbem-31293	36	18	non	non	ADJ
fbem-31293	36	19	-	-	ADJ
fbem-31293	36	20	economic	economic	ADJ
fbem-31293	36	21	goals	goal	NOUN
fbem-31293	36	22	.	.	PUNCT
fbem-31293	37	1	family	family	NOUN
fbem-31293	37	2	firms	firm	NOUN
fbem-31293	37	3	,	,	PUNCT
fbem-31293	37	4	as	as	ADP
fbem-31293	37	5	typical	typical	ADJ
fbem-31293	37	6	relational	relational	ADJ
fbem-31293	37	7	organizations	organization	NOUN
fbem-31293	37	8	[	[	X
fbem-31293	37	9	55	55	NUM
fbem-31293	37	10	]	]	PUNCT
fbem-31293	37	11	,	,	PUNCT
fbem-31293	37	12	are	be	AUX
fbem-31293	37	13	influenced	influence	VERB
fbem-31293	37	14	by	by	ADP
fbem-31293	37	15	informal	informal	ADJ
fbem-31293	37	16	interactions	interaction	NOUN
fbem-31293	37	17	and	and	CCONJ
fbem-31293	37	18	relationships	relationship	NOUN
fbem-31293	37	19	.	.	PUNCT
fbem-31293	38	1	however	however	ADV
fbem-31293	38	2	,	,	PUNCT
fbem-31293	38	3	most	most	ADJ
fbem-31293	38	4	existing	exist	VERB
fbem-31293	38	5	literature	literature	NOUN
fbem-31293	38	6	only	only	ADV
fbem-31293	38	7	focuses	focus	VERB
fbem-31293	38	8	on	on	ADP
fbem-31293	38	9	formal	formal	ADJ
fbem-31293	38	10	arenas	arena	NOUN
fbem-31293	38	11	[	[	X
fbem-31293	38	12	17	17	NUM
fbem-31293	38	13	]	]	PUNCT
fbem-31293	38	14	.	.	PUNCT
fbem-31293	39	1	thus	thus	ADV
fbem-31293	39	2	,	,	PUNCT
fbem-31293	39	3	this	this	DET
fbem-31293	39	4	paper	paper	NOUN
fbem-31293	39	5	reveals	reveal	VERB
fbem-31293	39	6	how	how	SCONJ
fbem-31293	39	7	familism	familism	NOUN
fbem-31293	39	8	culture	culture	NOUN
fbem-31293	39	9	moderates	moderate	VERB
fbem-31293	39	10	the	the	DET
fbem-31293	39	11	relationship	relationship	NOUN
fbem-31293	39	12	between	between	ADP
fbem-31293	39	13	nonfamily	nonfamily	NOUN
fbem-31293	39	14	managers	manager	NOUN
fbem-31293	39	15	'	'	PART
fbem-31293	39	16	involvement	involvement	NOUN
fbem-31293	39	17	and	and	CCONJ
fbem-31293	39	18	esg	esg	NOUN
fbem-31293	39	19	performance	performance	NOUN
fbem-31293	39	20	,	,	PUNCT
fbem-31293	39	21	thereby	thereby	ADV
fbem-31293	39	22	giving	give	VERB
fbem-31293	39	23	a	a	DET
fbem-31293	39	24	new	new	ADJ
fbem-31293	39	25	understanding	understanding	NOUN
fbem-31293	39	26	of	of	ADP
fbem-31293	39	27	nonfinancial	nonfinancial	ADJ
fbem-31293	39	28	objectives	objective	NOUN
fbem-31293	39	29	of	of	ADP
fbem-31293	39	30	family	family	NOUN
fbem-31293	39	31	firms	firm	NOUN
fbem-31293	39	32	.	.	PUNCT
fbem-31293	40	1	this	this	DET
fbem-31293	40	2	research	research	NOUN
fbem-31293	40	3	also	also	ADV
fbem-31293	40	4	provides	provide	VERB
fbem-31293	40	5	clear	clear	ADJ
fbem-31293	40	6	ethical	ethical	ADJ
fbem-31293	40	7	implications	implication	NOUN
fbem-31293	40	8	for	for	ADP
fbem-31293	40	9	family	family	NOUN
fbem-31293	40	10	firms	firm	NOUN
fbem-31293	40	11	pursuing	pursue	VERB
fbem-31293	40	12	better	well	ADJ
fbem-31293	40	13	esg	esg	NOUN
fbem-31293	40	14	performance	performance	NOUN
fbem-31293	40	15	.	.	PUNCT
fbem-31293	41	1	as	as	SCONJ
fbem-31293	41	2	many	many	ADJ
fbem-31293	41	3	family	family	NOUN
fbem-31293	41	4	firms	firm	NOUN
fbem-31293	41	5	seek	seek	VERB
fbem-31293	41	6	to	to	PART
fbem-31293	41	7	enhance	enhance	VERB
fbem-31293	41	8	their	their	PRON
fbem-31293	41	9	legitimacy	legitimacy	NOUN
fbem-31293	41	10	in	in	ADP
fbem-31293	41	11	the	the	DET
fbem-31293	41	12	eyes	eye	NOUN
fbem-31293	41	13	of	of	ADP
fbem-31293	41	14	stake	stake	NOUN
fbem-31293	41	15	holders	holder	NOUN
fbem-31293	41	16	[	[	X
fbem-31293	41	17	20	20	NUM
fbem-31293	41	18	]	]	PUNCT
fbem-31293	41	19	,	,	PUNCT
fbem-31293	41	20	achieving	achieve	VERB
fbem-31293	41	21	higher	high	ADJ
fbem-31293	41	22	esg	esg	NOUN
fbem-31293	41	23	ratings	rating	NOUN
fbem-31293	41	24	can	can	AUX
fbem-31293	41	25	be	be	AUX
fbem-31293	41	26	69	69	NUM
fbem-31293	41	27	workable	workable	ADJ
fbem-31293	41	28	strategy	strategy	NOUN
fbem-31293	41	29	.	.	PUNCT
fbem-31293	42	1	a	a	DET
fbem-31293	42	2	suggestion	suggestion	NOUN
fbem-31293	42	3	for	for	ADP
fbem-31293	42	4	these	these	DET
fbem-31293	42	5	family	family	NOUN
fbem-31293	42	6	firms	firm	NOUN
fbem-31293	42	7	is	be	AUX
fbem-31293	42	8	to	to	PART
fbem-31293	42	9	adopt	adopt	VERB
fbem-31293	42	10	a	a	DET
fbem-31293	42	11	proper	proper	ADJ
fbem-31293	42	12	level	level	NOUN
fbem-31293	42	13	of	of	ADP
fbem-31293	42	14	professionalization	professionalization	NOUN
fbem-31293	42	15	,	,	PUNCT
fbem-31293	42	16	engage	engage	VERB
fbem-31293	42	17	with	with	ADP
fbem-31293	42	18	nonfamily	nonfamily	NOUN
fbem-31293	42	19	members	member	NOUN
fbem-31293	42	20	through	through	ADP
fbem-31293	42	21	daily	daily	ADJ
fbem-31293	42	22	informal	informal	ADJ
fbem-31293	42	23	interactions	interaction	NOUN
fbem-31293	42	24	,	,	PUNCT
fbem-31293	42	25	and	and	CCONJ
fbem-31293	42	26	ultimately	ultimately	ADV
fbem-31293	42	27	foster	foster	VERB
fbem-31293	42	28	a	a	DET
fbem-31293	42	29	sense	sense	NOUN
fbem-31293	42	30	of	of	ADP
fbem-31293	42	31	cultural	cultural	ADJ
fbem-31293	42	32	identification	identification	NOUN
fbem-31293	42	33	within	within	ADP
fbem-31293	42	34	the	the	DET
fbem-31293	42	35	organization	organization	NOUN
fbem-31293	42	36	.	.	PUNCT
fbem-31293	43	1	the	the	DET
fbem-31293	43	2	remainder	remainder	NOUN
fbem-31293	43	3	of	of	ADP
fbem-31293	43	4	the	the	DET
fbem-31293	43	5	paper	paper	NOUN
fbem-31293	43	6	proceeds	proceed	NOUN
fbem-31293	43	7	as	as	SCONJ
fbem-31293	43	8	follows	follow	VERB
fbem-31293	43	9	.	.	PUNCT
fbem-31293	44	1	i	i	PRON
fbem-31293	44	2	review	review	VERB
fbem-31293	44	3	the	the	DET
fbem-31293	44	4	literature	literature	NOUN
fbem-31293	44	5	and	and	CCONJ
fbem-31293	44	6	develop	develop	VERB
fbem-31293	44	7	the	the	DET
fbem-31293	44	8	hypotheses	hypothesis	NOUN
fbem-31293	44	9	in	in	ADP
fbem-31293	44	10	the	the	DET
fbem-31293	44	11	second	second	ADJ
fbem-31293	44	12	section	section	NOUN
fbem-31293	44	13	.	.	PUNCT
fbem-31293	45	1	it	it	PRON
fbem-31293	45	2	is	be	AUX
fbem-31293	45	3	followed	follow	VERB
fbem-31293	45	4	by	by	ADP
fbem-31293	45	5	descriptions	description	NOUN
fbem-31293	45	6	of	of	ADP
fbem-31293	45	7	methodology	methodology	NOUN
fbem-31293	45	8	.	.	PUNCT
fbem-31293	46	1	i	i	PRON
fbem-31293	46	2	then	then	ADV
fbem-31293	46	3	report	report	VERB
fbem-31293	46	4	and	and	CCONJ
fbem-31293	46	5	discuss	discuss	VERB
fbem-31293	46	6	the	the	DET
fbem-31293	46	7	empirical	empirical	ADJ
fbem-31293	46	8	results	result	NOUN
fbem-31293	46	9	,	,	PUNCT
fbem-31293	46	10	followed	follow	VERB
fbem-31293	46	11	by	by	ADP
fbem-31293	46	12	discussions	discussion	NOUN
fbem-31293	46	13	and	and	CCONJ
fbem-31293	46	14	conclusions	conclusion	NOUN
fbem-31293	46	15	of	of	ADP
fbem-31293	46	16	the	the	DET
fbem-31293	46	17	paper	paper	NOUN
fbem-31293	46	18	.	.	PUNCT
fbem-31293	47	1	2	2	X
fbem-31293	47	2	.	.	X
fbem-31293	47	3	literature	literature	NOUN
fbem-31293	47	4	review	review	NOUN
fbem-31293	47	5	and	and	CCONJ
fbem-31293	47	6	hypothesis	hypothesis	NOUN
fbem-31293	47	7	unlike	unlike	ADP
fbem-31293	47	8	other	other	ADJ
fbem-31293	47	9	organizational	organizational	ADJ
fbem-31293	47	10	forms	form	NOUN
fbem-31293	47	11	,	,	PUNCT
fbem-31293	47	12	kinship	kinship	NOUN
fbem-31293	47	13	and	and	CCONJ
fbem-31293	47	14	familial	familial	ADJ
fbem-31293	47	15	relationships	relationship	NOUN
fbem-31293	47	16	are	be	AUX
fbem-31293	47	17	the	the	DET
fbem-31293	47	18	most	most	ADV
fbem-31293	47	19	integral	integral	ADJ
fbem-31293	47	20	ties	tie	NOUN
fbem-31293	47	21	in	in	ADP
fbem-31293	47	22	family	family	NOUN
fbem-31293	47	23	firms	firm	NOUN
fbem-31293	47	24	[	[	X
fbem-31293	47	25	13	13	NUM
fbem-31293	47	26	]	]	PUNCT
fbem-31293	47	27	.	.	PUNCT
fbem-31293	48	1	due	due	ADP
fbem-31293	48	2	to	to	ADP
fbem-31293	48	3	these	these	DET
fbem-31293	48	4	unique	unique	ADJ
fbem-31293	48	5	bonds	bond	NOUN
fbem-31293	48	6	,	,	PUNCT
fbem-31293	48	7	family	family	NOUN
fbem-31293	48	8	members	member	NOUN
fbem-31293	48	9	have	have	VERB
fbem-31293	48	10	a	a	DET
fbem-31293	48	11	greater	great	ADJ
fbem-31293	48	12	propensity	propensity	NOUN
fbem-31293	48	13	to	to	PART
fbem-31293	48	14	pursue	pursue	VERB
fbem-31293	48	15	family	family	NOUN
fbem-31293	48	16	-	-	PUNCT
fbem-31293	48	17	centered	center	VERB
fbem-31293	48	18	,	,	PUNCT
fbem-31293	48	19	noneconomic	noneconomic	ADJ
fbem-31293	48	20	goals	goal	NOUN
fbem-31293	48	21	aimed	aim	VERB
fbem-31293	48	22	at	at	ADP
fbem-31293	48	23	building	build	VERB
fbem-31293	48	24	socio	socio	VERB
fbem-31293	48	25	emotional	emotional	ADJ
fbem-31293	48	26	wealth	wealth	NOUN
fbem-31293	48	27	(	(	PUNCT
fbem-31293	48	28	sew	sew	PROPN
fbem-31293	48	29	)	)	PUNCT
fbem-31293	49	1	[	[	X
fbem-31293	49	2	14	14	NUM
fbem-31293	49	3	,	,	PUNCT
fbem-31293	49	4	34	34	NUM
fbem-31293	49	5	]	]	PUNCT
fbem-31293	49	6	.	.	PUNCT
fbem-31293	50	1	prior	prior	ADJ
fbem-31293	50	2	research	research	NOUN
fbem-31293	50	3	indicates	indicate	VERB
fbem-31293	50	4	that	that	SCONJ
fbem-31293	50	5	sew	sew	NOUN
fbem-31293	50	6	mainly	mainly	ADV
fbem-31293	50	7	includes	include	VERB
fbem-31293	50	8	dimensions	dimension	NOUN
fbem-31293	50	9	such	such	ADJ
fbem-31293	50	10	as	as	ADP
fbem-31293	50	11	maintaining	maintain	VERB
fbem-31293	50	12	family	family	NOUN
fbem-31293	50	13	control	control	NOUN
fbem-31293	50	14	,	,	PUNCT
fbem-31293	50	15	preserving	preserve	VERB
fbem-31293	50	16	family	family	NOUN
fbem-31293	50	17	legacies	legacy	NOUN
fbem-31293	50	18	and	and	CCONJ
fbem-31293	50	19	enhancing	enhance	VERB
fbem-31293	50	20	reputation	reputation	NOUN
fbem-31293	50	21	[	[	X
fbem-31293	50	22	36	36	NUM
fbem-31293	50	23	]	]	PUNCT
fbem-31293	50	24	.	.	PUNCT
fbem-31293	51	1	as	as	ADP
fbem-31293	51	2	such	such	ADJ
fbem-31293	51	3	,	,	PUNCT
fbem-31293	51	4	family	family	NOUN
fbem-31293	51	5	firms	firm	NOUN
fbem-31293	51	6	are	be	AUX
fbem-31293	51	7	more	more	ADV
fbem-31293	51	8	likely	likely	ADJ
fbem-31293	51	9	to	to	PART
fbem-31293	51	10	prioritize	prioritize	VERB
fbem-31293	51	11	initiatives	initiative	NOUN
fbem-31293	51	12	that	that	PRON
fbem-31293	51	13	ensure	ensure	VERB
fbem-31293	51	14	the	the	DET
fbem-31293	51	15	long	long	ADJ
fbem-31293	51	16	-	-	PUNCT
fbem-31293	51	17	term	term	NOUN
fbem-31293	51	18	interests	interest	NOUN
fbem-31293	51	19	in	in	ADP
fbem-31293	51	20	strategic	strategic	ADJ
fbem-31293	51	21	planning	planning	NOUN
fbem-31293	51	22	[	[	X
fbem-31293	51	23	12	12	NUM
fbem-31293	51	24	]	]	PUNCT
fbem-31293	51	25	,	,	PUNCT
fbem-31293	51	26	which	which	PRON
fbem-31293	51	27	closely	closely	ADV
fbem-31293	51	28	align	align	VERB
fbem-31293	51	29	with	with	ADP
fbem-31293	51	30	the	the	DET
fbem-31293	51	31	sustainable	sustainable	ADJ
fbem-31293	51	32	principles	principle	NOUN
fbem-31293	51	33	of	of	ADP
fbem-31293	51	34	esg	esg	PROPN
fbem-31293	51	35	.	.	PUNCT
fbem-31293	52	1	despite	despite	SCONJ
fbem-31293	52	2	the	the	DET
fbem-31293	52	3	competitive	competitive	ADJ
fbem-31293	52	4	advantages	advantage	NOUN
fbem-31293	52	5	in	in	ADP
fbem-31293	52	6	esg	esg	NOUN
fbem-31293	52	7	activities	activity	NOUN
fbem-31293	52	8	,	,	PUNCT
fbem-31293	52	9	with	with	ADP
fbem-31293	52	10	the	the	DET
fbem-31293	52	11	expansion	expansion	NOUN
fbem-31293	52	12	of	of	ADP
fbem-31293	52	13	firms	firm	NOUN
fbem-31293	52	14	,	,	PUNCT
fbem-31293	52	15	many	many	ADJ
fbem-31293	52	16	family	family	NOUN
fbem-31293	52	17	businesses	business	NOUN
fbem-31293	52	18	suffer	suffer	VERB
fbem-31293	52	19	from	from	ADP
fbem-31293	52	20	their	their	PRON
fbem-31293	52	21	limitations	limitation	NOUN
fbem-31293	52	22	in	in	ADP
fbem-31293	52	23	family	family	NOUN
fbem-31293	52	24	-	-	PUNCT
fbem-31293	52	25	management	management	NOUN
fbem-31293	52	26	capacity	capacity	NOUN
fbem-31293	52	27	[	[	X
fbem-31293	52	28	8	8	NUM
fbem-31293	52	29	]	]	PUNCT
fbem-31293	52	30	.	.	PUNCT
fbem-31293	53	1	to	to	PART
fbem-31293	53	2	address	address	VERB
fbem-31293	53	3	this	this	DET
fbem-31293	53	4	dilemma	dilemma	NOUN
fbem-31293	53	5	,	,	PUNCT
fbem-31293	53	6	a	a	DET
fbem-31293	53	7	possible	possible	ADJ
fbem-31293	53	8	solution	solution	NOUN
fbem-31293	53	9	is	be	AUX
fbem-31293	53	10	to	to	PART
fbem-31293	53	11	hire	hire	VERB
fbem-31293	53	12	nonfamily	nonfamily	NOUN
fbem-31293	53	13	managers	manager	NOUN
fbem-31293	53	14	[	[	X
fbem-31293	53	15	23	23	NUM
fbem-31293	53	16	]	]	PUNCT
fbem-31293	53	17	,	,	PUNCT
fbem-31293	53	18	thereby	thereby	ADV
fbem-31293	53	19	accelerating	accelerate	VERB
fbem-31293	53	20	the	the	DET
fbem-31293	53	21	professionalization	professionalization	NOUN
fbem-31293	53	22	of	of	ADP
fbem-31293	53	23	family	family	NOUN
fbem-31293	53	24	firms	firm	NOUN
fbem-31293	53	25	[	[	X
fbem-31293	53	26	51	51	NUM
fbem-31293	53	27	]	]	PUNCT
fbem-31293	53	28	.	.	PUNCT
fbem-31293	54	1	nevertheless	nevertheless	ADV
fbem-31293	54	2	,	,	PUNCT
fbem-31293	54	3	from	from	ADP
fbem-31293	54	4	the	the	DET
fbem-31293	54	5	perspective	perspective	NOUN
fbem-31293	54	6	of	of	ADP
fbem-31293	54	7	agency	agency	NOUN
fbem-31293	54	8	theory	theory	NOUN
fbem-31293	54	9	,	,	PUNCT
fbem-31293	54	10	these	these	DET
fbem-31293	54	11	“	"	PUNCT
fbem-31293	54	12	defamilization	defamilization	NOUN
fbem-31293	54	13	”	"	PUNCT
fbem-31293	54	14	reforms	reform	NOUN
fbem-31293	54	15	inevitably	inevitably	ADV
fbem-31293	54	16	impact	impact	VERB
fbem-31293	54	17	family	family	NOUN
fbem-31293	54	18	firms	firm	NOUN
fbem-31293	54	19	’	’	PART
fbem-31293	54	20	performance	performance	NOUN
fbem-31293	54	21	.	.	PUNCT
fbem-31293	55	1	on	on	ADP
fbem-31293	55	2	the	the	DET
fbem-31293	55	3	one	one	NUM
fbem-31293	55	4	hand	hand	NOUN
fbem-31293	55	5	,	,	PUNCT
fbem-31293	55	6	nonfamily	nonfamily	NOUN
fbem-31293	55	7	manager	manager	NOUN
fbem-31293	55	8	involvement	involvement	NOUN
fbem-31293	55	9	brings	bring	VERB
fbem-31293	55	10	considerable	considerable	ADJ
fbem-31293	55	11	agency	agency	NOUN
fbem-31293	55	12	advantages	advantage	NOUN
fbem-31293	55	13	to	to	ADP
fbem-31293	55	14	family	family	NOUN
fbem-31293	55	15	firms	firm	NOUN
fbem-31293	55	16	.	.	PUNCT
fbem-31293	56	1	first	first	ADV
fbem-31293	56	2	,	,	PUNCT
fbem-31293	56	3	existing	exist	VERB
fbem-31293	56	4	research	research	NOUN
fbem-31293	56	5	has	have	AUX
fbem-31293	56	6	suggested	suggest	VERB
fbem-31293	56	7	that	that	SCONJ
fbem-31293	56	8	nonfamily	nonfamily	NOUN
fbem-31293	56	9	managers	manager	NOUN
fbem-31293	56	10	tend	tend	VERB
fbem-31293	56	11	to	to	PART
fbem-31293	56	12	possess	possess	VERB
fbem-31293	56	13	diverse	diverse	ADJ
fbem-31293	56	14	knowledge	knowledge	NOUN
fbem-31293	56	15	and	and	CCONJ
fbem-31293	56	16	experience	experience	NOUN
fbem-31293	57	1	[	[	X
fbem-31293	57	2	5	5	NUM
fbem-31293	57	3	]	]	PUNCT
fbem-31293	57	4	as	as	SCONJ
fbem-31293	57	5	family	family	NOUN
fbem-31293	57	6	members	member	NOUN
fbem-31293	57	7	often	often	ADV
fbem-31293	57	8	share	share	VERB
fbem-31293	57	9	similar	similar	ADJ
fbem-31293	57	10	upbringing	upbringing	NOUN
fbem-31293	57	11	and	and	CCONJ
fbem-31293	57	12	life	life	NOUN
fbem-31293	57	13	experience	experience	NOUN
fbem-31293	57	14	,	,	PUNCT
fbem-31293	57	15	their	their	PRON
fbem-31293	57	16	knowledge	knowledge	NOUN
fbem-31293	57	17	and	and	CCONJ
fbem-31293	57	18	skills	skill	NOUN
fbem-31293	57	19	exhibit	exhibit	VERB
fbem-31293	57	20	a	a	DET
fbem-31293	57	21	high	high	ADJ
fbem-31293	57	22	level	level	NOUN
fbem-31293	57	23	of	of	ADP
fbem-31293	57	24	homogeneity	homogeneity	NOUN
fbem-31293	57	25	[	[	X
fbem-31293	57	26	11	11	NUM
fbem-31293	57	27	]	]	PUNCT
fbem-31293	57	28	,	,	PUNCT
fbem-31293	57	29	making	make	VERB
fbem-31293	57	30	it	it	PRON
fbem-31293	57	31	challenging	challenge	VERB
fbem-31293	57	32	for	for	SCONJ
fbem-31293	57	33	the	the	DET
fbem-31293	57	34	firm	firm	NOUN
fbem-31293	57	35	to	to	PART
fbem-31293	57	36	access	access	VERB
fbem-31293	57	37	heterogeneous	heterogeneous	ADJ
fbem-31293	57	38	resources	resource	NOUN
fbem-31293	57	39	.	.	PUNCT
fbem-31293	58	1	conversely	conversely	ADV
fbem-31293	58	2	,	,	PUNCT
fbem-31293	58	3	hired	hire	VERB
fbem-31293	58	4	managers	manager	NOUN
fbem-31293	58	5	usually	usually	ADV
fbem-31293	58	6	come	come	VERB
fbem-31293	58	7	from	from	ADP
fbem-31293	58	8	highly	highly	ADV
fbem-31293	58	9	competitive	competitive	ADJ
fbem-31293	58	10	and	and	CCONJ
fbem-31293	58	11	diverse	diverse	ADJ
fbem-31293	58	12	labor	labor	NOUN
fbem-31293	58	13	markets	market	NOUN
fbem-31293	58	14	.	.	PUNCT
fbem-31293	59	1	thus	thus	ADV
fbem-31293	59	2	,	,	PUNCT
fbem-31293	59	3	they	they	PRON
fbem-31293	59	4	can	can	AUX
fbem-31293	59	5	introduce	introduce	VERB
fbem-31293	59	6	more	more	ADV
fbem-31293	59	7	advanced	advanced	ADJ
fbem-31293	59	8	managerial	managerial	ADJ
fbem-31293	59	9	and	and	CCONJ
fbem-31293	59	10	international	international	ADJ
fbem-31293	59	11	visions	vision	NOUN
fbem-31293	59	12	to	to	ADP
fbem-31293	59	13	the	the	DET
fbem-31293	59	14	firms	firm	NOUN
fbem-31293	59	15	’	’	PART
fbem-31293	59	16	daily	daily	ADJ
fbem-31293	59	17	operation	operation	NOUN
fbem-31293	60	1	[	[	X
fbem-31293	60	2	26	26	NUM
fbem-31293	60	3	]	]	PUNCT
fbem-31293	60	4	.	.	PUNCT
fbem-31293	61	1	for	for	ADP
fbem-31293	61	2	example	example	NOUN
fbem-31293	61	3	,	,	PUNCT
fbem-31293	61	4	these	these	DET
fbem-31293	61	5	executives	executive	NOUN
fbem-31293	61	6	can	can	AUX
fbem-31293	61	7	enhance	enhance	VERB
fbem-31293	61	8	esg	esg	NOUN
fbem-31293	61	9	performance	performance	NOUN
fbem-31293	61	10	by	by	ADP
fbem-31293	61	11	promoting	promote	VERB
fbem-31293	61	12	green	green	ADJ
fbem-31293	61	13	innovation	innovation	NOUN
fbem-31293	61	14	using	use	VERB
fbem-31293	61	15	cutting	cutting	NOUN
fbem-31293	61	16	-	-	PUNCT
fbem-31293	61	17	edge	edge	NOUN
fbem-31293	61	18	technologies	technology	NOUN
fbem-31293	61	19	[	[	X
fbem-31293	61	20	48	48	NUM
fbem-31293	61	21	]	]	PUNCT
fbem-31293	61	22	.	.	PUNCT
fbem-31293	62	1	second	second	ADJ
fbem-31293	62	2	,	,	PUNCT
fbem-31293	62	3	hired	hire	VERB
fbem-31293	62	4	managers	manager	NOUN
fbem-31293	62	5	also	also	ADV
fbem-31293	62	6	provide	provide	VERB
fbem-31293	62	7	firms	firm	NOUN
fbem-31293	62	8	with	with	ADP
fbem-31293	62	9	a	a	DET
fbem-31293	62	10	broader	broad	ADJ
fbem-31293	62	11	network	network	NOUN
fbem-31293	62	12	of	of	ADP
fbem-31293	62	13	external	external	ADJ
fbem-31293	62	14	resources	resource	NOUN
fbem-31293	62	15	.	.	PUNCT
fbem-31293	63	1	particularly	particularly	ADV
fbem-31293	63	2	in	in	ADP
fbem-31293	63	3	a	a	DET
fbem-31293	63	4	market	market	NOUN
fbem-31293	63	5	where	where	SCONJ
fbem-31293	63	6	informal	informal	ADJ
fbem-31293	63	7	relationships	relationship	NOUN
fbem-31293	63	8	are	be	AUX
fbem-31293	63	9	crucial	crucial	ADJ
fbem-31293	63	10	,	,	PUNCT
fbem-31293	63	11	the	the	DET
fbem-31293	63	12	distinctive	distinctive	ADJ
fbem-31293	63	13	social	social	ADJ
fbem-31293	63	14	capital	capital	NOUN
fbem-31293	63	15	possessed	possess	VERB
fbem-31293	63	16	by	by	ADP
fbem-31293	63	17	non	non	ADJ
fbem-31293	63	18	-	-	ADJ
fbem-31293	63	19	family	family	ADJ
fbem-31293	63	20	members	member	NOUN
fbem-31293	63	21	is	be	AUX
fbem-31293	63	22	valuable	valuable	ADJ
fbem-31293	63	23	to	to	ADP
fbem-31293	63	24	firms	firm	NOUN
fbem-31293	63	25	[	[	X
fbem-31293	63	26	62	62	NUM
fbem-31293	63	27	]	]	PUNCT
fbem-31293	63	28	.	.	PUNCT
fbem-31293	64	1	furthermore	furthermore	ADV
fbem-31293	64	2	,	,	PUNCT
fbem-31293	64	3	in	in	ADP
fbem-31293	64	4	a	a	DET
fbem-31293	64	5	nepotistic	nepotistic	ADJ
fbem-31293	64	6	society	society	NOUN
fbem-31293	64	7	like	like	ADP
fbem-31293	64	8	china	china	PROPN
fbem-31293	64	9	,	,	PUNCT
fbem-31293	64	10	family	family	NOUN
fbem-31293	64	11	firms	firm	NOUN
fbem-31293	64	12	often	often	ADV
fbem-31293	64	13	face	face	VERB
fbem-31293	64	14	inefficiencies	inefficiency	NOUN
fbem-31293	64	15	in	in	ADP
fbem-31293	64	16	corporate	corporate	ADJ
fbem-31293	64	17	governance	governance	NOUN
fbem-31293	64	18	because	because	SCONJ
fbem-31293	64	19	of	of	ADP
fbem-31293	64	20	excessive	excessive	ADJ
fbem-31293	64	21	altruism	altruism	NOUN
fbem-31293	64	22	[	[	X
fbem-31293	64	23	50	50	NUM
fbem-31293	64	24	]	]	PUNCT
fbem-31293	64	25	.	.	PUNCT
fbem-31293	65	1	the	the	DET
fbem-31293	65	2	introduction	introduction	NOUN
fbem-31293	65	3	of	of	ADP
fbem-31293	65	4	non	non	ADJ
fbem-31293	65	5	-	-	ADJ
fbem-31293	65	6	family	family	ADJ
fbem-31293	65	7	executives	executive	NOUN
fbem-31293	65	8	can	can	AUX
fbem-31293	65	9	help	help	VERB
fbem-31293	65	10	mitigate	mitigate	VERB
fbem-31293	65	11	these	these	DET
fbem-31293	65	12	inherent	inherent	ADJ
fbem-31293	65	13	preferences	preference	NOUN
fbem-31293	65	14	by	by	ADP
fbem-31293	65	15	implementing	implement	VERB
fbem-31293	65	16	professional	professional	ADJ
fbem-31293	65	17	management	management	NOUN
fbem-31293	65	18	practices	practice	NOUN
fbem-31293	65	19	[	[	X
fbem-31293	65	20	42	42	NUM
fbem-31293	65	21	]	]	PUNCT
fbem-31293	65	22	,	,	PUNCT
fbem-31293	65	23	reducing	reduce	VERB
fbem-31293	65	24	inappropriate	inappropriate	ADJ
fbem-31293	65	25	resource	resource	NOUN
fbem-31293	65	26	expropriation	expropriation	NOUN
fbem-31293	65	27	[	[	X
fbem-31293	65	28	7	7	NUM
fbem-31293	65	29	]	]	PUNCT
fbem-31293	65	30	,	,	PUNCT
fbem-31293	65	31	optimizing	optimize	VERB
fbem-31293	65	32	the	the	DET
fbem-31293	65	33	firm	firm	NOUN
fbem-31293	65	34	’s	’s	PART
fbem-31293	65	35	governance	governance	NOUN
fbem-31293	65	36	structure	structure	NOUN
fbem-31293	65	37	and	and	CCONJ
fbem-31293	65	38	ultimately	ultimately	ADV
fbem-31293	65	39	improve	improve	VERB
fbem-31293	65	40	esg	esg	NOUN
fbem-31293	65	41	performance	performance	NOUN
fbem-31293	65	42	.	.	PUNCT
fbem-31293	66	1	therefore	therefore	ADV
fbem-31293	66	2	,	,	PUNCT
fbem-31293	66	3	i	i	PRON
fbem-31293	66	4	posit	posit	VERB
fbem-31293	66	5	that	that	SCONJ
fbem-31293	66	6	nonfamily	nonfamily	NOUN
fbem-31293	66	7	manager	manager	NOUN
fbem-31293	66	8	involvement	involvement	NOUN
fbem-31293	66	9	brings	bring	VERB
fbem-31293	66	10	agency	agency	NOUN
fbem-31293	66	11	advantages	advantage	NOUN
fbem-31293	66	12	to	to	ADP
fbem-31293	66	13	family	family	NOUN
fbem-31293	66	14	firms	firm	NOUN
fbem-31293	66	15	,	,	PUNCT
fbem-31293	66	16	and	and	CCONJ
fbem-31293	66	17	there	there	PRON
fbem-31293	66	18	exists	exist	VERB
fbem-31293	66	19	a	a	DET
fbem-31293	66	20	positive	positive	ADJ
fbem-31293	66	21	linear	linear	NOUN
fbem-31293	66	22	relationship	relationship	NOUN
fbem-31293	66	23	between	between	ADP
fbem-31293	66	24	these	these	DET
fbem-31293	66	25	two	two	NUM
fbem-31293	66	26	(	(	PUNCT
fbem-31293	66	27	figure	figure	NOUN
fbem-31293	66	28	1	1	NUM
fbem-31293	66	29	)	)	PUNCT
fbem-31293	66	30	.	.	PUNCT
fbem-31293	67	1	on	on	ADP
fbem-31293	67	2	the	the	DET
fbem-31293	67	3	other	other	ADJ
fbem-31293	67	4	hand	hand	NOUN
fbem-31293	67	5	,	,	PUNCT
fbem-31293	67	6	the	the	DET
fbem-31293	67	7	introduction	introduction	NOUN
fbem-31293	67	8	of	of	ADP
fbem-31293	67	9	nonfamily	nonfamily	NOUN
fbem-31293	67	10	manager	manager	NOUN
fbem-31293	67	11	also	also	ADV
fbem-31293	67	12	brings	bring	VERB
fbem-31293	67	13	several	several	ADJ
fbem-31293	67	14	agency	agency	NOUN
fbem-31293	67	15	costs	cost	NOUN
fbem-31293	67	16	to	to	ADP
fbem-31293	67	17	family	family	NOUN
fbem-31293	67	18	firms	firm	NOUN
fbem-31293	67	19	.	.	PUNCT
fbem-31293	68	1	first	first	ADV
fbem-31293	68	2	,	,	PUNCT
fbem-31293	68	3	as	as	SCONJ
fbem-31293	68	4	mentioned	mention	VERB
fbem-31293	68	5	earlier	early	ADV
fbem-31293	68	6	,	,	PUNCT
fbem-31293	68	7	family	family	NOUN
fbem-31293	68	8	and	and	CCONJ
fbem-31293	68	9	nonfamily	nonfamily	NOUN
fbem-31293	68	10	managers	manager	NOUN
fbem-31293	68	11	often	often	ADV
fbem-31293	68	12	pursue	pursue	VERB
fbem-31293	68	13	incongruent	incongruent	ADJ
fbem-31293	68	14	goals	goal	NOUN
fbem-31293	68	15	.	.	PUNCT
fbem-31293	69	1	unlike	unlike	ADP
fbem-31293	69	2	families	family	NOUN
fbem-31293	69	3	that	that	PRON
fbem-31293	69	4	prioritize	prioritize	VERB
fbem-31293	69	5	longterm	longterm	ADJ
fbem-31293	69	6	success	success	NOUN
fbem-31293	69	7	,	,	PUNCT
fbem-31293	69	8	hired	hire	VERB
fbem-31293	69	9	managers	manager	NOUN
fbem-31293	69	10	are	be	AUX
fbem-31293	69	11	more	more	ADV
fbem-31293	69	12	motivated	motivated	ADJ
fbem-31293	69	13	by	by	ADP
fbem-31293	69	14	financial	financial	ADJ
fbem-31293	69	15	goals	goal	NOUN
fbem-31293	69	16	[	[	X
fbem-31293	69	17	14	14	NUM
fbem-31293	69	18	]	]	PUNCT
fbem-31293	69	19	.	.	PUNCT
fbem-31293	70	1	as	as	ADP
fbem-31293	70	2	a	a	DET
fbem-31293	70	3	result	result	NOUN
fbem-31293	70	4	,	,	PUNCT
fbem-31293	70	5	these	these	DET
fbem-31293	70	6	managers	manager	NOUN
fbem-31293	70	7	might	might	AUX
fbem-31293	70	8	sacrifice	sacrifice	VERB
fbem-31293	70	9	sustainable	sustainable	ADJ
fbem-31293	70	10	practices	practice	NOUN
fbem-31293	70	11	such	such	ADJ
fbem-31293	70	12	as	as	ADP
fbem-31293	70	13	esg	esg	NOUN
fbem-31293	70	14	for	for	ADP
fbem-31293	70	15	immediate	immediate	ADJ
fbem-31293	70	16	profitability	profitability	NOUN
fbem-31293	70	17	.	.	PUNCT
fbem-31293	71	1	thus	thus	ADV
fbem-31293	71	2	,	,	PUNCT
fbem-31293	71	3	to	to	PART
fbem-31293	71	4	mitigate	mitigate	VERB
fbem-31293	71	5	the	the	DET
fbem-31293	71	6	conflicts	conflict	NOUN
fbem-31293	71	7	between	between	ADP
fbem-31293	71	8	family	family	NOUN
fbem-31293	71	9	and	and	CCONJ
fbem-31293	71	10	nonfamily	nonfamily	NOUN
fbem-31293	71	11	members	member	NOUN
fbem-31293	71	12	,	,	PUNCT
fbem-31293	71	13	the	the	DET
fbem-31293	71	14	controlling	control	VERB
fbem-31293	71	15	family	family	NOUN
fbem-31293	71	16	has	have	VERB
fbem-31293	71	17	to	to	PART
fbem-31293	71	18	be	be	AUX
fbem-31293	71	19	ar	ar	PROPN
fbem-31293	71	20	higher	high	ADJ
fbem-31293	71	21	supervision	supervision	NOUN
fbem-31293	71	22	costs	cost	NOUN
fbem-31293	71	23	.	.	PUNCT
fbem-31293	72	1	second	second	ADJ
fbem-31293	72	2	,	,	PUNCT
fbem-31293	72	3	information	information	NOUN
fbem-31293	72	4	asymmetry	asymmetry	NOUN
fbem-31293	72	5	is	be	AUX
fbem-31293	72	6	also	also	ADV
fbem-31293	72	7	a	a	DET
fbem-31293	72	8	key	key	ADJ
fbem-31293	72	9	contributor	contributor	NOUN
fbem-31293	72	10	to	to	ADP
fbem-31293	72	11	agency	agency	NOUN
fbem-31293	72	12	costs	cost	NOUN
fbem-31293	72	13	in	in	ADP
fbem-31293	72	14	family	family	NOUN
fbem-31293	72	15	firms	firm	NOUN
fbem-31293	72	16	.	.	PUNCT
fbem-31293	73	1	family	family	NOUN
fbem-31293	73	2	members	member	NOUN
fbem-31293	73	3	,	,	PUNCT
fbem-31293	73	4	due	due	ADP
fbem-31293	73	5	to	to	ADP
fbem-31293	73	6	their	their	PRON
fbem-31293	73	7	long	long	ADJ
fbem-31293	73	8	-	-	PUNCT
fbem-31293	73	9	term	term	NOUN
fbem-31293	73	10	experience	experience	NOUN
fbem-31293	73	11	in	in	ADP
fbem-31293	73	12	the	the	DET
fbem-31293	73	13	firm	firm	NOUN
fbem-31293	73	14	,	,	PUNCT
fbem-31293	73	15	tend	tend	VERB
fbem-31293	73	16	to	to	PART
fbem-31293	73	17	possess	possess	VERB
fbem-31293	73	18	tacit	tacit	ADJ
fbem-31293	73	19	knowledge	knowledge	NOUN
fbem-31293	73	20	and	and	CCONJ
fbem-31293	73	21	a	a	DET
fbem-31293	73	22	thorough	thorough	ADJ
fbem-31293	73	23	understanding	understanding	NOUN
fbem-31293	73	24	of	of	ADP
fbem-31293	73	25	the	the	DET
fbem-31293	73	26	internal	internal	ADJ
fbem-31293	73	27	management	management	NOUN
fbem-31293	73	28	mechanisms	mechanism	NOUN
fbem-31293	73	29	[	[	X
fbem-31293	73	30	52	52	NUM
fbem-31293	73	31	]	]	PUNCT
fbem-31293	73	32	.	.	PUNCT
fbem-31293	74	1	however	however	ADV
fbem-31293	74	2	,	,	PUNCT
fbem-31293	74	3	when	when	SCONJ
fbem-31293	74	4	nonfamily	nonfamily	NOUN
fbem-31293	74	5	members	member	NOUN
fbem-31293	74	6	are	be	AUX
fbem-31293	74	7	involved	involve	VERB
fbem-31293	74	8	,	,	PUNCT
fbem-31293	74	9	they	they	PRON
fbem-31293	74	10	have	have	VERB
fbem-31293	74	11	yet	yet	ADV
fbem-31293	74	12	to	to	PART
fbem-31293	74	13	establish	establish	VERB
fbem-31293	74	14	strong	strong	ADJ
fbem-31293	74	15	connections	connection	NOUN
fbem-31293	74	16	with	with	ADP
fbem-31293	74	17	family	family	NOUN
fbem-31293	74	18	members	member	NOUN
fbem-31293	74	19	,	,	PUNCT
fbem-31293	74	20	and	and	CCONJ
fbem-31293	74	21	thus	thus	ADV
fbem-31293	74	22	do	do	AUX
fbem-31293	74	23	n’t	not	PART
fbem-31293	74	24	have	have	VERB
fbem-31293	74	25	access	access	NOUN
fbem-31293	74	26	to	to	ADP
fbem-31293	74	27	the	the	DET
fbem-31293	74	28	internal	internal	ADJ
fbem-31293	74	29	information	information	NOUN
fbem-31293	75	1	[	[	X
fbem-31293	75	2	25	25	NUM
fbem-31293	75	3	]	]	PUNCT
fbem-31293	75	4	.	.	PUNCT
fbem-31293	76	1	this	this	DET
fbem-31293	76	2	gap	gap	NOUN
fbem-31293	76	3	may	may	AUX
fbem-31293	76	4	result	result	VERB
fbem-31293	76	5	in	in	ADP
fbem-31293	76	6	managers	manager	NOUN
fbem-31293	76	7	’	’	PART
fbem-31293	76	8	decision	decision	NOUN
fbem-31293	76	9	-	-	PUNCT
fbem-31293	76	10	making	making	NOUN
fbem-31293	76	11	that	that	PRON
fbem-31293	76	12	does	do	AUX
fbem-31293	76	13	not	not	PART
fbem-31293	76	14	fully	fully	ADV
fbem-31293	76	15	consider	consider	VERB
fbem-31293	76	16	the	the	DET
fbem-31293	76	17	long	long	ADJ
fbem-31293	76	18	-	-	PUNCT
fbem-31293	76	19	term	term	NOUN
fbem-31293	76	20	impact	impact	NOUN
fbem-31293	76	21	on	on	ADP
fbem-31293	76	22	sustainability	sustainability	NOUN
fbem-31293	76	23	.	.	PUNCT
fbem-31293	77	1	what	what	PRON
fbem-31293	77	2	’s	’	VERB
fbem-31293	77	3	more	more	ADJ
fbem-31293	77	4	,	,	PUNCT
fbem-31293	77	5	according	accord	VERB
fbem-31293	77	6	to	to	ADP
fbem-31293	77	7	the	the	DET
fbem-31293	77	8	stewardship	stewardship	NOUN
fbem-31293	77	9	theory	theory	NOUN
fbem-31293	77	10	[	[	X
fbem-31293	77	11	22	22	NUM
fbem-31293	77	12	]	]	PUNCT
fbem-31293	77	13	,	,	PUNCT
fbem-31293	77	14	family	family	NOUN
fbem-31293	77	15	members	member	NOUN
fbem-31293	77	16	naturally	naturally	ADV
fbem-31293	77	17	exhibit	exhibit	VERB
fbem-31293	77	18	strong	strong	ADJ
fbem-31293	77	19	stewardship	stewardship	NOUN
fbem-31293	77	20	behaviors	behavior	NOUN
fbem-31293	77	21	.	.	PUNCT
fbem-31293	78	1	thus	thus	ADV
fbem-31293	78	2	,	,	PUNCT
fbem-31293	78	3	as	as	SCONJ
fbem-31293	78	4	they	they	PRON
fbem-31293	78	5	view	view	VERB
fbem-31293	78	6	their	their	PRON
fbem-31293	78	7	business	business	NOUN
fbem-31293	78	8	as	as	ADP
fbem-31293	78	9	an	an	DET
fbem-31293	78	10	extension	extension	NOUN
fbem-31293	78	11	of	of	ADP
fbem-31293	78	12	their	their	PRON
fbem-31293	78	13	family	family	NOUN
fbem-31293	78	14	[	[	X
fbem-31293	78	15	63	63	NUM
fbem-31293	78	16	]	]	PUNCT
fbem-31293	78	17	,	,	PUNCT
fbem-31293	78	18	they	they	PRON
fbem-31293	78	19	are	be	AUX
fbem-31293	78	20	more	more	ADV
fbem-31293	78	21	inclined	inclined	ADJ
fbem-31293	78	22	to	to	PART
fbem-31293	78	23	pursue	pursue	VERB
fbem-31293	78	24	long	long	ADJ
fbem-31293	78	25	-	-	PUNCT
fbem-31293	78	26	term	term	NOUN
fbem-31293	78	27	esg	esg	NOUN
fbem-31293	78	28	goals	goal	NOUN
fbem-31293	78	29	in	in	ADP
fbem-31293	78	30	their	their	PRON
fbem-31293	78	31	decisionmaking	decisionmaking	NOUN
fbem-31293	78	32	.	.	PUNCT
fbem-31293	79	1	nevertheless	nevertheless	ADV
fbem-31293	79	2	,	,	PUNCT
fbem-31293	79	3	non	non	ADJ
fbem-31293	79	4	-	-	ADJ
fbem-31293	79	5	family	family	ADJ
fbem-31293	79	6	managers	manager	NOUN
fbem-31293	79	7	lack	lack	VERB
fbem-31293	79	8	this	this	DET
fbem-31293	79	9	sense	sense	NOUN
fbem-31293	79	10	of	of	ADP
fbem-31293	79	11	family	family	NOUN
fbem-31293	79	12	belonging	belong	VERB
fbem-31293	79	13	[	[	PUNCT
fbem-31293	79	14	20	20	NUM
fbem-31293	79	15	]	]	PUNCT
fbem-31293	79	16	.	.	PUNCT
fbem-31293	80	1	consequently	consequently	ADV
fbem-31293	80	2	,	,	PUNCT
fbem-31293	80	3	the	the	DET
fbem-31293	80	4	controlling	control	VERB
fbem-31293	80	5	family	family	NOUN
fbem-31293	80	6	needs	need	VERB
fbem-31293	80	7	implement	implement	VERB
fbem-31293	80	8	incentive	incentive	NOUN
fbem-31293	80	9	schemes	scheme	NOUN
fbem-31293	80	10	to	to	PART
fbem-31293	80	11	encourage	encourage	VERB
fbem-31293	80	12	nonfamily	nonfamily	NOUN
fbem-31293	80	13	managers	manager	NOUN
fbem-31293	80	14	to	to	PART
fbem-31293	80	15	adopt	adopt	VERB
fbem-31293	80	16	socially	socially	ADV
fbem-31293	80	17	responsible	responsible	ADJ
fbem-31293	80	18	practices	practice	NOUN
fbem-31293	80	19	[	[	X
fbem-31293	80	20	20	20	NUM
fbem-31293	80	21	]	]	PUNCT
fbem-31293	80	22	,	,	PUNCT
fbem-31293	80	23	increasing	increase	VERB
fbem-31293	80	24	the	the	DET
fbem-31293	80	25	agency	agency	NOUN
fbem-31293	80	26	costs	cost	NOUN
fbem-31293	80	27	.	.	PUNCT
fbem-31293	81	1	notably	notably	ADV
fbem-31293	81	2	,	,	PUNCT
fbem-31293	81	3	when	when	SCONJ
fbem-31293	81	4	the	the	DET
fbem-31293	81	5	nonfamily	nonfamily	NOUN
fbem-31293	81	6	manager	manager	NOUN
fbem-31293	81	7	involvement	involvement	NOUN
fbem-31293	81	8	is	be	AUX
fbem-31293	81	9	relatively	relatively	ADV
fbem-31293	81	10	low	low	ADJ
fbem-31293	81	11	,	,	PUNCT
fbem-31293	81	12	family	family	NOUN
fbem-31293	81	13	members	member	NOUN
fbem-31293	81	14	still	still	ADV
fbem-31293	81	15	have	have	VERB
fbem-31293	81	16	sufficient	sufficient	ADJ
fbem-31293	81	17	authority	authority	NOUN
fbem-31293	81	18	and	and	CCONJ
fbem-31293	81	19	willingness	willingness	NOUN
fbem-31293	81	20	to	to	PART
fbem-31293	81	21	monitor	monitor	VERB
fbem-31293	81	22	the	the	DET
fbem-31293	81	23	actions	action	NOUN
fbem-31293	81	24	of	of	ADP
fbem-31293	81	25	non	non	ADJ
fbem-31293	81	26	-	-	ADJ
fbem-31293	81	27	family	family	ADJ
fbem-31293	81	28	managers	manager	NOUN
fbem-31293	81	29	[	[	X
fbem-31293	81	30	17	17	NUM
fbem-31293	81	31	]	]	PUNCT
fbem-31293	81	32	.	.	PUNCT
fbem-31293	82	1	however	however	ADV
fbem-31293	82	2	,	,	PUNCT
fbem-31293	82	3	as	as	ADP
fbem-31293	82	4	the	the	DET
fbem-31293	82	5	involvement	involvement	NOUN
fbem-31293	82	6	of	of	ADP
fbem-31293	82	7	non	non	ADJ
fbem-31293	82	8	-	-	ADJ
fbem-31293	82	9	family	family	ADJ
fbem-31293	82	10	executives	executive	NOUN
fbem-31293	82	11	increases	increase	VERB
fbem-31293	82	12	,	,	PUNCT
fbem-31293	82	13	family	family	NOUN
fbem-31293	82	14	firms	firm	NOUN
fbem-31293	82	15	are	be	AUX
fbem-31293	82	16	compelled	compel	VERB
fbem-31293	82	17	to	to	PART
fbem-31293	82	18	introduce	introduce	VERB
fbem-31293	82	19	more	more	ADV
fbem-31293	82	20	formal	formal	ADJ
fbem-31293	82	21	governance	governance	NOUN
fbem-31293	82	22	systems	system	NOUN
fbem-31293	82	23	.	.	PUNCT
fbem-31293	83	1	this	this	PRON
fbem-31293	83	2	,	,	PUNCT
fbem-31293	83	3	in	in	ADP
fbem-31293	83	4	turn	turn	NOUN
fbem-31293	83	5	,	,	PUNCT
fbem-31293	83	6	adds	add	VERB
fbem-31293	83	7	up	up	ADP
fbem-31293	83	8	agency	agency	NOUN
fbem-31293	83	9	costs	cost	NOUN
fbem-31293	83	10	between	between	ADP
fbem-31293	83	11	non	non	ADJ
fbem-31293	83	12	-	-	ADJ
fbem-31293	83	13	family	family	ADJ
fbem-31293	83	14	members	member	NOUN
fbem-31293	83	15	and	and	CCONJ
fbem-31293	83	16	the	the	DET
fbem-31293	83	17	controlling	control	VERB
fbem-31293	83	18	family	family	NOUN
fbem-31293	83	19	[	[	X
fbem-31293	83	20	40	40	NUM
fbem-31293	83	21	]	]	PUNCT
fbem-31293	83	22	.	.	PUNCT
fbem-31293	84	1	therefore	therefore	ADV
fbem-31293	84	2	,	,	PUNCT
fbem-31293	84	3	based	base	VERB
fbem-31293	84	4	on	on	ADP
fbem-31293	84	5	prior	prior	ADJ
fbem-31293	84	6	literature	literature	NOUN
fbem-31293	84	7	[	[	X
fbem-31293	84	8	46	46	NUM
fbem-31293	84	9	]	]	PUNCT
fbem-31293	84	10	,	,	PUNCT
fbem-31293	84	11	i	i	PRON
fbem-31293	84	12	posit	posit	VERB
fbem-31293	84	13	that	that	SCONJ
fbem-31293	84	14	non	non	PROPN
fbem-31293	84	15	family	family	NOUN
fbem-31293	84	16	manager	manager	NOUN
fbem-31293	84	17	involvement	involvement	NOUN
fbem-31293	84	18	brings	bring	VERB
fbem-31293	84	19	agency	agency	NOUN
fbem-31293	84	20	costs	cost	NOUN
fbem-31293	84	21	to	to	ADP
fbem-31293	84	22	family	family	NOUN
fbem-31293	84	23	firms	firm	NOUN
fbem-31293	84	24	,	,	PUNCT
fbem-31293	84	25	with	with	ADP
fbem-31293	84	26	a	a	DET
fbem-31293	84	27	marginally	marginally	ADV
fbem-31293	84	28	increasing	increase	VERB
fbem-31293	84	29	effect	effect	NOUN
fbem-31293	84	30	(	(	PUNCT
fbem-31293	84	31	figure	figure	NOUN
fbem-31293	84	32	2	2	NUM
fbem-31293	84	33	)	)	PUNCT
fbem-31293	84	34	.	.	PUNCT
fbem-31293	85	1	taken	take	VERB
fbem-31293	85	2	agency	agency	NOUN
fbem-31293	85	3	advantages	advantage	NOUN
fbem-31293	85	4	and	and	CCONJ
fbem-31293	85	5	costs	cost	NOUN
fbem-31293	85	6	together	together	ADV
fbem-31293	85	7	,	,	PUNCT
fbem-31293	85	8	i	i	PRON
fbem-31293	85	9	plotted	plot	VERB
fbem-31293	85	10	my	my	PRON
fbem-31293	85	11	estimations	estimation	NOUN
fbem-31293	85	12	of	of	ADP
fbem-31293	85	13	the	the	DET
fbem-31293	85	14	relationship	relationship	NOUN
fbem-31293	85	15	between	between	ADP
fbem-31293	85	16	nonfamily	nonfamily	NOUN
fbem-31293	85	17	manger	manger	NOUN
fbem-31293	85	18	involvement	involvement	NOUN
fbem-31293	85	19	and	and	CCONJ
fbem-31293	85	20	esg	esg	NOUN
fbem-31293	85	21	performance	performance	NOUN
fbem-31293	85	22	following	follow	VERB
fbem-31293	85	23	haans	haan	NOUN
fbem-31293	85	24	et	et	PROPN
fbem-31293	85	25	al	al	PROPN
fbem-31293	86	1	[	[	X
fbem-31293	86	2	35	35	NUM
fbem-31293	86	3	]	]	PUNCT
fbem-31293	86	4	.	.	PUNCT
fbem-31293	87	1	as	as	SCONJ
fbem-31293	87	2	shown	show	VERB
fbem-31293	87	3	in	in	ADP
fbem-31293	87	4	figure	figure	NOUN
fbem-31293	87	5	3	3	NUM
fbem-31293	87	6	,	,	PUNCT
fbem-31293	87	7	to	to	ADP
fbem-31293	87	8	the	the	DET
fbem-31293	87	9	left	left	NOUN
fbem-31293	87	10	of	of	ADP
fbem-31293	87	11	point	point	NOUN
fbem-31293	87	12	a	a	PRON
fbem-31293	87	13	,	,	PUNCT
fbem-31293	87	14	the	the	DET
fbem-31293	87	15	agency	agency	NOUN
fbem-31293	87	16	advantages	advantage	NOUN
fbem-31293	87	17	exceed	exceed	VERB
fbem-31293	87	18	the	the	DET
fbem-31293	87	19	agency	agency	NOUN
fbem-31293	87	20	costs	cost	NOUN
fbem-31293	87	21	,	,	PUNCT
fbem-31293	87	22	leading	lead	VERB
fbem-31293	87	23	to	to	ADP
fbem-31293	87	24	an	an	DET
fbem-31293	87	25	increase	increase	NOUN
fbem-31293	87	26	in	in	ADP
fbem-31293	87	27	esg	esg	NOUN
fbem-31293	87	28	performance	performance	NOUN
fbem-31293	87	29	.	.	PUNCT
fbem-31293	88	1	however	however	ADV
fbem-31293	88	2	,	,	PUNCT
fbem-31293	88	3	to	to	ADP
fbem-31293	88	4	the	the	DET
fbem-31293	88	5	right	right	NOUN
fbem-31293	88	6	of	of	ADP
fbem-31293	88	7	point	point	NOUN
fbem-31293	88	8	a	a	PRON
fbem-31293	88	9	,	,	PUNCT
fbem-31293	88	10	the	the	DET
fbem-31293	88	11	agency	agency	NOUN
fbem-31293	88	12	benefits	benefit	VERB
fbem-31293	88	13	fall	fall	VERB
fbem-31293	88	14	below	below	ADP
fbem-31293	88	15	the	the	DET
fbem-31293	88	16	agency	agency	NOUN
fbem-31293	88	17	costs	cost	NOUN
fbem-31293	88	18	,	,	PUNCT
fbem-31293	88	19	resulting	result	VERB
fbem-31293	88	20	in	in	ADP
fbem-31293	88	21	a	a	DET
fbem-31293	88	22	decline	decline	NOUN
fbem-31293	88	23	in	in	ADP
fbem-31293	88	24	esg	esg	PROPN
fbem-31293	88	25	performance	performance	NOUN
fbem-31293	88	26	.	.	PUNCT
fbem-31293	89	1	figure	figure	NOUN
fbem-31293	89	2	1	1	NUM
fbem-31293	89	3	.	.	PUNCT
fbem-31293	89	4	agencyadvantages	agencyadvantage	VERB
fbem-31293	89	5	70	70	NUM
fbem-31293	89	6	figure	figure	NOUN
fbem-31293	89	7	2	2	NUM
fbem-31293	89	8	.	.	PUNCT
fbem-31293	89	9	agencycosts	agencycost	NOUN
fbem-31293	89	10	figure	figure	VERB
fbem-31293	89	11	3	3	NUM
fbem-31293	89	12	.	.	PUNCT
fbem-31293	89	13	advantages	advantage	NOUN
fbem-31293	89	14	/	/	SYM
fbem-31293	89	15	costs	cost	VERB
fbem-31293	89	16	hypothesis	hypothesis	NOUN
fbem-31293	89	17	1	1	NUM
fbem-31293	89	18	.	.	PUNCT
fbem-31293	90	1	the	the	DET
fbem-31293	90	2	extent	extent	NOUN
fbem-31293	90	3	to	to	PART
fbem-31293	90	4	which	which	PRON
fbem-31293	90	5	the	the	DET
fbem-31293	90	6	nonfamily	nonfamily	NOUN
fbem-31293	90	7	managers	manager	NOUN
fbem-31293	90	8	are	be	AUX
fbem-31293	90	9	involved	involve	VERB
fbem-31293	90	10	in	in	ADP
fbem-31293	90	11	a	a	DET
fbem-31293	90	12	family	family	NOUN
fbem-31293	90	13	firm	firm	NOUN
fbem-31293	90	14	has	have	VERB
fbem-31293	90	15	an	an	DET
fbem-31293	90	16	inverted	inverted	ADJ
fbem-31293	90	17	u	u	ADJ
fbem-31293	90	18	-	-	ADJ
fbem-31293	90	19	shaped	shape	VERB
fbem-31293	90	20	relationship	relationship	NOUN
fbem-31293	90	21	with	with	ADP
fbem-31293	90	22	esg	esg	PROPN
fbem-31293	90	23	performance	performance	NOUN
fbem-31293	90	24	.	.	PUNCT
fbem-31293	91	1	confucianism	confucianism	NOUN
fbem-31293	91	2	,	,	PUNCT
fbem-31293	91	3	as	as	ADP
fbem-31293	91	4	the	the	DET
fbem-31293	91	5	core	core	NOUN
fbem-31293	91	6	of	of	ADP
fbem-31293	91	7	chinese	chinese	ADJ
fbem-31293	91	8	cultural	cultural	ADJ
fbem-31293	91	9	system	system	NOUN
fbem-31293	91	10	,	,	PUNCT
fbem-31293	91	11	has	have	AUX
fbem-31293	91	12	placed	place	VERB
fbem-31293	91	13	an	an	DET
fbem-31293	91	14	everlasting	everlasting	ADJ
fbem-31293	91	15	impact	impact	NOUN
fbem-31293	91	16	on	on	ADP
fbem-31293	91	17	people	people	NOUN
fbem-31293	91	18	’s	’s	PART
fbem-31293	91	19	everyday	everyday	ADJ
fbem-31293	91	20	life	life	NOUN
fbem-31293	91	21	in	in	ADP
fbem-31293	91	22	china	china	PROPN
fbem-31293	92	1	[	[	X
fbem-31293	92	2	61	61	NUM
fbem-31293	92	3	]	]	PUNCT
fbem-31293	92	4	.	.	PUNCT
fbem-31293	93	1	influenced	influence	VERB
fbem-31293	93	2	by	by	ADP
fbem-31293	93	3	confucianism	confucianism	PROPN
fbem-31293	93	4	,	,	PUNCT
fbem-31293	93	5	chinese	chinese	ADJ
fbem-31293	93	6	society	society	NOUN
fbem-31293	93	7	naturally	naturally	ADV
fbem-31293	93	8	develops	develop	VERB
fbem-31293	93	9	into	into	ADP
fbem-31293	93	10	a	a	DET
fbem-31293	93	11	distinct	distinct	ADJ
fbem-31293	93	12	pattern	pattern	NOUN
fbem-31293	93	13	called	call	VERB
fbem-31293	93	14	“	"	PUNCT
fbem-31293	93	15	the	the	DET
fbem-31293	93	16	differential	differential	ADJ
fbem-31293	93	17	mode	mode	NOUN
fbem-31293	93	18	of	of	ADP
fbem-31293	93	19	association	association	NOUN
fbem-31293	93	20	”	"	PUNCT
fbem-31293	93	21	(	(	PUNCT
fbem-31293	93	22	chaxugeju	chaxugeju	NOUN
fbem-31293	93	23	)	)	PUNCT
fbem-31293	93	24	.	.	PUNCT
fbem-31293	94	1	this	this	DET
fbem-31293	94	2	pattern	pattern	NOUN
fbem-31293	94	3	,	,	PUNCT
fbem-31293	94	4	according	accord	VERB
fbem-31293	94	5	to	to	ADP
fbem-31293	94	6	fei	fei	PROPN
fbem-31293	94	7	[	[	X
fbem-31293	94	8	27	27	NUM
fbem-31293	94	9	]	]	PUNCT
fbem-31293	94	10	,	,	PUNCT
fbem-31293	94	11	emphasizes	emphasize	VERB
fbem-31293	94	12	that	that	SCONJ
fbem-31293	94	13	relationships	relationship	NOUN
fbem-31293	94	14	among	among	ADP
fbem-31293	94	15	people	people	NOUN
fbem-31293	94	16	are	be	AUX
fbem-31293	94	17	based	base	VERB
fbem-31293	94	18	on	on	ADP
fbem-31293	94	19	blood	blood	NOUN
fbem-31293	94	20	ties	tie	NOUN
fbem-31293	94	21	and	and	CCONJ
fbem-31293	94	22	kinship	kinship	NOUN
fbem-31293	94	23	.	.	PUNCT
fbem-31293	95	1	within	within	ADP
fbem-31293	95	2	this	this	DET
fbem-31293	95	3	cultural	cultural	ADJ
fbem-31293	95	4	context	context	NOUN
fbem-31293	95	5	,	,	PUNCT
fbem-31293	95	6	the	the	DET
fbem-31293	95	7	concept	concept	NOUN
fbem-31293	95	8	of	of	ADP
fbem-31293	95	9	familism	familism	NOUN
fbem-31293	95	10	flourishes	flourish	NOUN
fbem-31293	95	11	and	and	CCONJ
fbem-31293	95	12	becomes	become	VERB
fbem-31293	95	13	an	an	DET
fbem-31293	95	14	important	important	ADJ
fbem-31293	95	15	cultural	cultural	ADJ
fbem-31293	95	16	factor	factor	NOUN
fbem-31293	95	17	influencing	influence	VERB
fbem-31293	95	18	family	family	NOUN
fbem-31293	95	19	firms	firm	NOUN
fbem-31293	95	20	’	’	PART
fbem-31293	95	21	management	management	NOUN
fbem-31293	95	22	styles	style	NOUN
fbem-31293	95	23	and	and	CCONJ
fbem-31293	95	24	decision	decision	NOUN
fbem-31293	95	25	-	-	PUNCT
fbem-31293	95	26	making	make	VERB
fbem-31293	95	27	processes	process	NOUN
fbem-31293	95	28	[	[	X
fbem-31293	95	29	4	4	NUM
fbem-31293	95	30	]	]	PUNCT
fbem-31293	95	31	.	.	PUNCT
fbem-31293	96	1	familism	familism	NOUN
fbem-31293	96	2	,	,	PUNCT
fbem-31293	96	3	which	which	PRON
fbem-31293	96	4	stresses	stress	VERB
fbem-31293	96	5	family	family	NOUN
fbem-31293	96	6	-	-	PUNCT
fbem-31293	96	7	orientation	orientation	NOUN
fbem-31293	96	8	and	and	CCONJ
fbem-31293	96	9	familycentered	familycentere	VERB
fbem-31293	96	10	objectives	objective	NOUN
fbem-31293	96	11	,	,	PUNCT
fbem-31293	96	12	manifests	manifest	VERB
fbem-31293	96	13	primarily	primarily	ADV
fbem-31293	96	14	in	in	ADP
fbem-31293	96	15	two	two	NUM
fbem-31293	96	16	aspects	aspect	NOUN
fbem-31293	96	17	[	[	X
fbem-31293	96	18	59	59	NUM
fbem-31293	96	19	]	]	PUNCT
fbem-31293	96	20	.	.	PUNCT
fbem-31293	97	1	first	first	ADV
fbem-31293	97	2	,	,	PUNCT
fbem-31293	97	3	when	when	SCONJ
fbem-31293	97	4	the	the	DET
fbem-31293	97	5	founder	founder	NOUN
fbem-31293	97	6	has	have	VERB
fbem-31293	97	7	a	a	DET
fbem-31293	97	8	strong	strong	ADJ
fbem-31293	97	9	sense	sense	NOUN
fbem-31293	97	10	of	of	ADP
fbem-31293	97	11	familism	familism	NOUN
fbem-31293	97	12	,	,	PUNCT
fbem-31293	97	13	there	there	PRON
fbem-31293	97	14	will	will	AUX
fbem-31293	97	15	be	be	AUX
fbem-31293	97	16	a	a	DET
fbem-31293	97	17	significant	significant	ADJ
fbem-31293	97	18	difference	difference	NOUN
fbem-31293	97	19	in	in	ADP
fbem-31293	97	20	the	the	DET
fbem-31293	97	21	trust	trust	NOUN
fbem-31293	97	22	level	level	NOUN
fbem-31293	97	23	between	between	ADP
fbem-31293	97	24	family	family	NOUN
fbem-31293	97	25	members	member	NOUN
fbem-31293	97	26	and	and	CCONJ
fbem-31293	97	27	outsiders	outsider	NOUN
fbem-31293	97	28	[	[	X
fbem-31293	97	29	29	29	NUM
fbem-31293	97	30	]	]	X
fbem-31293	97	31	;	;	PUNCT
fbem-31293	97	32	second	second	X
fbem-31293	97	33	,	,	PUNCT
fbem-31293	97	34	for	for	ADP
fbem-31293	97	35	controlling	control	VERB
fbem-31293	97	36	families	family	NOUN
fbem-31293	97	37	with	with	ADP
fbem-31293	97	38	stronger	strong	ADJ
fbem-31293	97	39	familism	familism	NOUN
fbem-31293	97	40	values	value	NOUN
fbem-31293	97	41	,	,	PUNCT
fbem-31293	97	42	they	they	PRON
fbem-31293	97	43	are	be	AUX
fbem-31293	97	44	more	more	ADV
fbem-31293	97	45	driven	driven	ADJ
fbem-31293	97	46	to	to	PART
fbem-31293	97	47	ensure	ensure	VERB
fbem-31293	97	48	the	the	DET
fbem-31293	97	49	continuation	continuation	NOUN
fbem-31293	97	50	of	of	ADP
fbem-31293	97	51	their	their	PRON
fbem-31293	97	52	company	company	NOUN
fbem-31293	97	53	and	and	CCONJ
fbem-31293	97	54	the	the	DET
fbem-31293	97	55	establishment	establishment	NOUN
fbem-31293	97	56	of	of	ADP
fbem-31293	97	57	a	a	DET
fbem-31293	97	58	lasting	last	VERB
fbem-31293	97	59	family	family	NOUN
fbem-31293	97	60	legacy	legacy	NOUN
fbem-31293	97	61	[	[	X
fbem-31293	97	62	4	4	NUM
fbem-31293	97	63	]	]	PUNCT
fbem-31293	97	64	.	.	PUNCT
fbem-31293	98	1	therefore	therefore	ADV
fbem-31293	98	2	,	,	PUNCT
fbem-31293	98	3	i	i	PRON
fbem-31293	98	4	propose	propose	VERB
fbem-31293	98	5	that	that	SCONJ
fbem-31293	98	6	familism	familism	NOUN
fbem-31293	98	7	can	can	AUX
fbem-31293	98	8	affect	affect	VERB
fbem-31293	98	9	the	the	DET
fbem-31293	98	10	impact	impact	NOUN
fbem-31293	98	11	of	of	ADP
fbem-31293	98	12	nonfamily	nonfamily	NOUN
fbem-31293	98	13	manager	manager	NOUN
fbem-31293	98	14	involvement	involvement	NOUN
fbem-31293	98	15	on	on	ADP
fbem-31293	98	16	esg	esg	PROPN
fbem-31293	98	17	performance	performance	NOUN
fbem-31293	98	18	.	.	PUNCT
fbem-31293	99	1	regarding	regard	VERB
fbem-31293	99	2	the	the	DET
fbem-31293	99	3	agency	agency	NOUN
fbem-31293	99	4	advantages	advantage	NOUN
fbem-31293	99	5	,	,	PUNCT
fbem-31293	99	6	as	as	SCONJ
fbem-31293	99	7	mentioned	mention	VERB
fbem-31293	99	8	above	above	ADV
fbem-31293	99	9	,	,	PUNCT
fbem-31293	99	10	controlling	control	VERB
fbem-31293	99	11	families	family	NOUN
fbem-31293	99	12	with	with	ADP
fbem-31293	99	13	stronger	strong	ADJ
fbem-31293	99	14	familism	familism	NOUN
fbem-31293	99	15	values	value	NOUN
fbem-31293	99	16	are	be	AUX
fbem-31293	99	17	more	more	ADV
fbem-31293	99	18	inclined	inclined	ADJ
fbem-31293	99	19	to	to	PART
fbem-31293	99	20	advocate	advocate	VERB
fbem-31293	99	21	the	the	DET
fbem-31293	99	22	enhancement	enhancement	NOUN
fbem-31293	99	23	of	of	ADP
fbem-31293	99	24	family	family	NOUN
fbem-31293	99	25	reputation	reputation	NOUN
fbem-31293	99	26	,	,	PUNCT
fbem-31293	99	27	values	value	NOUN
fbem-31293	99	28	and	and	CCONJ
fbem-31293	99	29	the	the	DET
fbem-31293	99	30	sustainable	sustainable	ADJ
fbem-31293	99	31	development	development	NOUN
fbem-31293	99	32	of	of	ADP
fbem-31293	99	33	their	their	PRON
fbem-31293	99	34	businesses	business	NOUN
fbem-31293	99	35	.	.	PUNCT
fbem-31293	100	1	driven	drive	VERB
fbem-31293	100	2	by	by	ADP
fbem-31293	100	3	this	this	DET
fbem-31293	100	4	culture	culture	NOUN
fbem-31293	100	5	,	,	PUNCT
fbem-31293	100	6	these	these	DET
fbem-31293	100	7	firms	firm	NOUN
fbem-31293	100	8	are	be	AUX
fbem-31293	100	9	motivated	motivated	ADJ
fbem-31293	100	10	to	to	PART
fbem-31293	100	11	adopt	adopt	VERB
fbem-31293	100	12	esg	esg	NOUN
fbem-31293	100	13	initiatives	initiative	NOUN
fbem-31293	100	14	,	,	PUNCT
fbem-31293	100	15	such	such	ADJ
fbem-31293	100	16	as	as	ADP
fbem-31293	100	17	enhancing	enhance	VERB
fbem-31293	100	18	green	green	ADJ
fbem-31293	100	19	innovation	innovation	NOUN
fbem-31293	100	20	and	and	CCONJ
fbem-31293	100	21	social	social	ADJ
fbem-31293	100	22	justice	justice	NOUN
fbem-31293	101	1	[	[	X
fbem-31293	101	2	18	18	NUM
fbem-31293	101	3	]	]	PUNCT
fbem-31293	101	4	or	or	CCONJ
fbem-31293	101	5	building	build	VERB
fbem-31293	101	6	sustainable	sustainable	ADJ
fbem-31293	101	7	supply	supply	NOUN
fbem-31293	101	8	chain	chain	NOUN
fbem-31293	101	9	[	[	X
fbem-31293	101	10	28	28	NUM
fbem-31293	101	11	]	]	PUNCT
fbem-31293	101	12	,	,	PUNCT
fbem-31293	101	13	to	to	PART
fbem-31293	101	14	preserve	preserve	VERB
fbem-31293	101	15	sew	sew	ADJ
fbem-31293	101	16	capital	capital	NOUN
fbem-31293	101	17	endowments	endowment	NOUN
fbem-31293	101	18	.	.	PUNCT
fbem-31293	102	1	over	over	ADP
fbem-31293	102	2	time	time	NOUN
fbem-31293	102	3	,	,	PUNCT
fbem-31293	102	4	nonfamily	nonfamily	NOUN
fbem-31293	102	5	managers	manager	NOUN
fbem-31293	102	6	in	in	ADP
fbem-31293	102	7	family	family	NOUN
fbem-31293	102	8	businesses	business	NOUN
fbem-31293	102	9	gradually	gradually	ADV
fbem-31293	102	10	learn	learn	VERB
fbem-31293	102	11	the	the	DET
fbem-31293	102	12	company	company	NOUN
fbem-31293	102	13	’s	’s	PART
fbem-31293	102	14	culture	culture	NOUN
fbem-31293	102	15	and	and	CCONJ
fbem-31293	102	16	resonate	resonate	VERB
fbem-31293	102	17	with	with	ADP
fbem-31293	102	18	the	the	DET
fbem-31293	102	19	long	long	ADJ
fbem-31293	102	20	-	-	PUNCT
fbem-31293	102	21	term	term	NOUN
fbem-31293	102	22	objectives	objective	NOUN
fbem-31293	102	23	[	[	X
fbem-31293	102	24	31	31	NUM
fbem-31293	102	25	]	]	PUNCT
fbem-31293	102	26	.	.	PUNCT
fbem-31293	103	1	this	this	DET
fbem-31293	103	2	familism	familism	NOUN
fbem-31293	103	3	internalization	internalization	NOUN
fbem-31293	103	4	boosts	boost	VERB
fbem-31293	103	5	managers	manager	NOUN
fbem-31293	103	6	’	’	PART
fbem-31293	103	7	identification	identification	NOUN
fbem-31293	103	8	with	with	ADP
fbem-31293	103	9	the	the	DET
fbem-31293	103	10	firm	firm	NOUN
fbem-31293	103	11	[	[	X
fbem-31293	103	12	63	63	NUM
fbem-31293	103	13	]	]	PUNCT
fbem-31293	103	14	,	,	PUNCT
fbem-31293	103	15	and	and	CCONJ
fbem-31293	103	16	in	in	ADP
fbem-31293	103	17	turn	turn	NOUN
fbem-31293	103	18	drives	drive	VERB
fbem-31293	103	19	them	they	PRON
fbem-31293	103	20	to	to	PART
fbem-31293	103	21	utilize	utilize	VERB
fbem-31293	103	22	their	their	PRON
fbem-31293	103	23	professional	professional	ADJ
fbem-31293	103	24	knowledge	knowledge	NOUN
fbem-31293	103	25	to	to	PART
fbem-31293	103	26	promote	promote	VERB
fbem-31293	103	27	the	the	DET
fbem-31293	103	28	company	company	NOUN
fbem-31293	103	29	's	's	PART
fbem-31293	103	30	long	long	ADJ
fbem-31293	103	31	-	-	PUNCT
fbem-31293	103	32	term	term	NOUN
fbem-31293	103	33	development	development	NOUN
fbem-31293	103	34	.	.	PUNCT
fbem-31293	104	1	thus	thus	ADV
fbem-31293	104	2	,	,	PUNCT
fbem-31293	104	3	this	this	DET
fbem-31293	104	4	process	process	NOUN
fbem-31293	104	5	considerably	considerably	ADV
fbem-31293	104	6	enhances	enhance	VERB
fbem-31293	104	7	the	the	DET
fbem-31293	104	8	agency	agency	NOUN
fbem-31293	104	9	advantages	advantage	NOUN
fbem-31293	104	10	.	.	PUNCT
fbem-31293	105	1	in	in	ADP
fbem-31293	105	2	terms	term	NOUN
fbem-31293	105	3	of	of	ADP
fbem-31293	105	4	the	the	DET
fbem-31293	105	5	agency	agency	NOUN
fbem-31293	105	6	costs	cost	NOUN
fbem-31293	105	7	,	,	PUNCT
fbem-31293	105	8	founders	founder	NOUN
fbem-31293	105	9	’	'	PUNCT
fbem-31293	105	10	stronger	strong	ADJ
fbem-31293	105	11	propensity	propensity	NOUN
fbem-31293	105	12	to	to	PART
fbem-31293	105	13	stress	stress	VERB
fbem-31293	105	14	family	family	NOUN
fbem-31293	105	15	ownership	ownership	NOUN
fbem-31293	105	16	and	and	CCONJ
fbem-31293	105	17	control	control	NOUN
fbem-31293	105	18	over	over	ADP
fbem-31293	105	19	the	the	DET
fbem-31293	105	20	business	business	NOUN
fbem-31293	106	1	[	[	X
fbem-31293	106	2	65	65	NUM
fbem-31293	106	3	]	]	PUNCT
fbem-31293	106	4	leads	lead	VERB
fbem-31293	106	5	to	to	ADP
fbem-31293	106	6	a	a	DET
fbem-31293	106	7	trust	trust	NOUN
fbem-31293	106	8	crisis	crisis	NOUN
fbem-31293	106	9	between	between	ADP
fbem-31293	106	10	them	they	PRON
fbem-31293	106	11	and	and	CCONJ
fbem-31293	106	12	professional	professional	ADJ
fbem-31293	106	13	managers	manager	NOUN
fbem-31293	106	14	.	.	PUNCT
fbem-31293	107	1	the	the	DET
fbem-31293	107	2	significant	significant	ADJ
fbem-31293	107	3	disparities	disparity	NOUN
fbem-31293	107	4	in	in	ADP
fbem-31293	107	5	the	the	DET
fbem-31293	107	6	trust	trust	NOUN
fbem-31293	107	7	level	level	NOUN
fbem-31293	107	8	among	among	ADP
fbem-31293	107	9	family	family	NOUN
fbem-31293	107	10	and	and	CCONJ
fbem-31293	107	11	nonfamily	nonfamily	NOUN
fbem-31293	107	12	members	member	NOUN
fbem-31293	107	13	further	far	ADV
fbem-31293	107	14	encourages	encourage	VERB
fbem-31293	107	15	the	the	DET
fbem-31293	107	16	centralization	centralization	NOUN
fbem-31293	107	17	of	of	ADP
fbem-31293	107	18	power	power	NOUN
fbem-31293	107	19	[	[	X
fbem-31293	107	20	1	1	NUM
fbem-31293	107	21	]	]	PUNCT
fbem-31293	107	22	,	,	PUNCT
fbem-31293	107	23	which	which	PRON
fbem-31293	107	24	increases	increase	VERB
fbem-31293	107	25	the	the	DET
fbem-31293	107	26	communication	communication	NOUN
fbem-31293	107	27	costs	cost	NOUN
fbem-31293	107	28	and	and	CCONJ
fbem-31293	107	29	reduces	reduce	VERB
fbem-31293	107	30	management	management	NOUN
fbem-31293	107	31	efficiencies	efficiency	NOUN
fbem-31293	107	32	,	,	PUNCT
fbem-31293	107	33	key	key	ADJ
fbem-31293	107	34	aspects	aspect	NOUN
fbem-31293	107	35	of	of	ADP
fbem-31293	107	36	esg	esg	PROPN
fbem-31293	107	37	criteria	criterion	NOUN
fbem-31293	107	38	.	.	PUNCT
fbem-31293	108	1	meanwhile	meanwhile	ADV
fbem-31293	108	2	,	,	PUNCT
fbem-31293	108	3	as	as	SCONJ
fbem-31293	108	4	nonfamily	nonfamily	NOUN
fbem-31293	108	5	managers	manager	NOUN
fbem-31293	108	6	fail	fail	VERB
fbem-31293	108	7	to	to	PART
fbem-31293	108	8	obtain	obtain	VERB
fbem-31293	108	9	the	the	DET
fbem-31293	108	10	necessary	necessary	ADJ
fbem-31293	108	11	resources	resource	NOUN
fbem-31293	108	12	and	and	CCONJ
fbem-31293	108	13	power	power	NOUN
fbem-31293	108	14	,	,	PUNCT
fbem-31293	108	15	they	they	PRON
fbem-31293	108	16	may	may	AUX
fbem-31293	108	17	find	find	VERB
fbem-31293	108	18	it	it	PRON
fbem-31293	108	19	difficult	difficult	ADJ
fbem-31293	108	20	to	to	PART
fbem-31293	108	21	fulfill	fulfill	VERB
fbem-31293	108	22	their	their	PRON
fbem-31293	108	23	original	original	ADJ
fbem-31293	108	24	duties	duty	NOUN
fbem-31293	108	25	,	,	PUNCT
fbem-31293	108	26	let	let	VERB
fbem-31293	108	27	alone	alone	ADV
fbem-31293	108	28	contribute	contribute	VERB
fbem-31293	108	29	to	to	ADP
fbem-31293	108	30	the	the	DET
fbem-31293	108	31	firm	firm	NOUN
fbem-31293	108	32	’s	’s	PART
fbem-31293	108	33	sustainable	sustainable	ADJ
fbem-31293	108	34	future	future	NOUN
fbem-31293	108	35	.	.	PUNCT
fbem-31293	109	1	these	these	DET
fbem-31293	109	2	factors	factor	NOUN
fbem-31293	109	3	,	,	PUNCT
fbem-31293	109	4	in	in	ADP
fbem-31293	109	5	turn	turn	NOUN
fbem-31293	109	6	,	,	PUNCT
fbem-31293	109	7	leads	lead	VERB
fbem-31293	109	8	to	to	ADP
fbem-31293	109	9	considerable	considerable	ADJ
fbem-31293	109	10	agency	agency	NOUN
fbem-31293	109	11	costs	cost	NOUN
fbem-31293	109	12	.	.	PUNCT
fbem-31293	110	1	taken	take	VERB
fbem-31293	110	2	together	together	ADV
fbem-31293	110	3	,	,	PUNCT
fbem-31293	110	4	familism	familism	NOUN
fbem-31293	110	5	increases	increase	VERB
fbem-31293	110	6	both	both	DET
fbem-31293	110	7	agency	agency	NOUN
fbem-31293	110	8	advantages	advantage	NOUN
fbem-31293	110	9	and	and	CCONJ
fbem-31293	110	10	agency	agency	NOUN
fbem-31293	110	11	costs	cost	NOUN
fbem-31293	110	12	.	.	PUNCT
fbem-31293	111	1	therefore	therefore	ADV
fbem-31293	111	2	,	,	PUNCT
fbem-31293	111	3	i	i	PRON
fbem-31293	111	4	posit	posit	VERB
fbem-31293	111	5	that	that	SCONJ
fbem-31293	111	6	the	the	DET
fbem-31293	111	7	inverted	inverted	ADJ
fbem-31293	111	8	ushaped	ushaped	ADJ
fbem-31293	111	9	line	line	NOUN
fbem-31293	111	10	will	will	AUX
fbem-31293	111	11	become	become	VERB
fbem-31293	111	12	steeper	steep	ADJ
fbem-31293	111	13	.	.	PUNCT
fbem-31293	112	1	however	however	ADV
fbem-31293	112	2	,	,	PUNCT
fbem-31293	112	3	since	since	SCONJ
fbem-31293	112	4	both	both	DET
fbem-31293	112	5	agency	agency	NOUN
fbem-31293	112	6	advantages	advantage	NOUN
fbem-31293	112	7	and	and	CCONJ
fbem-31293	112	8	costs	cost	NOUN
fbem-31293	112	9	rise	rise	VERB
fbem-31293	112	10	,	,	PUNCT
fbem-31293	112	11	it	it	PRON
fbem-31293	112	12	is	be	AUX
fbem-31293	112	13	hard	hard	ADJ
fbem-31293	112	14	to	to	PART
fbem-31293	112	15	determine	determine	VERB
fbem-31293	112	16	the	the	DET
fbem-31293	112	17	movement	movement	NOUN
fbem-31293	112	18	of	of	ADP
fbem-31293	112	19	the	the	DET
fbem-31293	112	20	turning	turning	NOUN
fbem-31293	112	21	point	point	NOUN
fbem-31293	112	22	.	.	PUNCT
fbem-31293	113	1	therefore	therefore	ADV
fbem-31293	113	2	,	,	PUNCT
fbem-31293	113	3	i	i	PRON
fbem-31293	113	4	propose	propose	VERB
fbem-31293	113	5	two	two	NUM
fbem-31293	113	6	hypotheses	hypothesis	NOUN
fbem-31293	113	7	.	.	PUNCT
fbem-31293	114	1	hypothesis	hypothesis	NOUN
fbem-31293	114	2	2a	2a	NUM
fbem-31293	114	3	.	.	PUNCT
fbem-31293	115	1	in	in	ADP
fbem-31293	115	2	firms	firm	NOUN
fbem-31293	115	3	with	with	ADP
fbem-31293	115	4	stronger	strong	ADJ
fbem-31293	115	5	familism	familism	NOUN
fbem-31293	115	6	cultures	culture	NOUN
fbem-31293	115	7	,	,	PUNCT
fbem-31293	115	8	the	the	DET
fbem-31293	115	9	inverted	inverted	ADJ
fbem-31293	115	10	u	u	ADJ
fbem-31293	115	11	-	-	ADJ
fbem-31293	115	12	shaped	shape	VERB
fbem-31293	115	13	relationship	relationship	NOUN
fbem-31293	115	14	between	between	ADP
fbem-31293	115	15	nonfamily	nonfamily	NOUN
fbem-31293	115	16	manager	manager	NOUN
fbem-31293	115	17	involvement	involvement	NOUN
fbem-31293	115	18	and	and	CCONJ
fbem-31293	115	19	esg	esg	NOUN
fbem-31293	115	20	performance	performance	NOUN
fbem-31293	115	21	is	be	AUX
fbem-31293	115	22	accentuated	accentuate	VERB
fbem-31293	115	23	and	and	CCONJ
fbem-31293	115	24	the	the	DET
fbem-31293	115	25	turning	turning	NOUN
fbem-31293	115	26	point	point	NOUN
fbem-31293	115	27	shifts	shift	NOUN
fbem-31293	115	28	rightward	rightward	ADJ
fbem-31293	115	29	.	.	PUNCT
fbem-31293	116	1	hypothesis	hypothesis	NOUN
fbem-31293	116	2	2b	2b	NOUN
fbem-31293	116	3	.	.	PUNCT
fbem-31293	117	1	in	in	ADP
fbem-31293	117	2	firms	firm	NOUN
fbem-31293	117	3	with	with	ADP
fbem-31293	117	4	stronger	strong	ADJ
fbem-31293	117	5	familism	familism	NOUN
fbem-31293	117	6	cultures	culture	NOUN
fbem-31293	117	7	,	,	PUNCT
fbem-31293	117	8	the	the	DET
fbem-31293	117	9	inverted	inverted	ADJ
fbem-31293	117	10	u	u	ADJ
fbem-31293	117	11	-	-	ADJ
fbem-31293	117	12	shaped	shape	VERB
fbem-31293	117	13	relationship	relationship	NOUN
fbem-31293	117	14	between	between	ADP
fbem-31293	117	15	nonfamily	nonfamily	NOUN
fbem-31293	117	16	manager	manager	NOUN
fbem-31293	117	17	involvement	involvement	NOUN
fbem-31293	117	18	and	and	CCONJ
fbem-31293	117	19	esg	esg	NOUN
fbem-31293	117	20	performance	performance	NOUN
fbem-31293	117	21	is	be	AUX
fbem-31293	117	22	accentuated	accentuate	VERB
fbem-31293	117	23	and	and	CCONJ
fbem-31293	117	24	the	the	DET
fbem-31293	117	25	turning	turning	NOUN
fbem-31293	117	26	point	point	NOUN
fbem-31293	117	27	shifts	shift	NOUN
fbem-31293	117	28	leftward	leftward	NOUN
fbem-31293	117	29	.	.	PUNCT
fbem-31293	118	1	3	3	X
fbem-31293	118	2	.	.	X
fbem-31293	118	3	methods	method	NOUN
fbem-31293	118	4	3.1	3.1	NUM
fbem-31293	118	5	.	.	PUNCT
fbem-31293	119	1	sample	sample	VERB
fbem-31293	119	2	the	the	DET
fbem-31293	119	3	sampling	sample	VERB
fbem-31293	119	4	frame	frame	NOUN
fbem-31293	119	5	includes	include	VERB
fbem-31293	119	6	all	all	DET
fbem-31293	119	7	family	family	NOUN
fbem-31293	119	8	firms	firm	NOUN
fbem-31293	119	9	listed	list	VERB
fbem-31293	119	10	on	on	ADP
fbem-31293	119	11	the	the	DET
fbem-31293	119	12	shanghai	shanghai	PROPN
fbem-31293	119	13	and	and	CCONJ
fbem-31293	119	14	shenzhen	shenzhen	PROPN
fbem-31293	119	15	stock	stock	PROPN
fbem-31293	119	16	exchanges	exchange	NOUN
fbem-31293	119	17	from	from	ADP
fbem-31293	119	18	2013	2013	NUM
fbem-31293	119	19	to	to	ADP
fbem-31293	119	20	2022	2022	NUM
fbem-31293	119	21	to	to	PART
fbem-31293	119	22	ensure	ensure	VERB
fbem-31293	119	23	the	the	DET
fbem-31293	119	24	accuracy	accuracy	NOUN
fbem-31293	119	25	,	,	PUNCT
fbem-31293	119	26	stability	stability	NOUN
fbem-31293	119	27	and	and	CCONJ
fbem-31293	119	28	feasibility	feasibility	NOUN
fbem-31293	119	29	of	of	ADP
fbem-31293	119	30	the	the	DET
fbem-31293	119	31	data	datum	NOUN
fbem-31293	119	32	.	.	PUNCT
fbem-31293	120	1	following	follow	VERB
fbem-31293	120	2	prior	prior	ADJ
fbem-31293	120	3	literature	literature	NOUN
fbem-31293	120	4	,	,	PUNCT
fbem-31293	120	5	family	family	NOUN
fbem-31293	120	6	firms	firm	NOUN
fbem-31293	120	7	are	be	AUX
fbem-31293	120	8	defined	define	VERB
fbem-31293	120	9	as	as	ADP
fbem-31293	120	10	private	private	ADJ
fbem-31293	120	11	corporations	corporation	NOUN
fbem-31293	120	12	whose	whose	DET
fbem-31293	120	13	ultimate	ultimate	ADJ
fbem-31293	120	14	owner	owner	NOUN
fbem-31293	120	15	is	be	AUX
fbem-31293	120	16	either	either	CCONJ
fbem-31293	120	17	an	an	DET
fbem-31293	120	18	individual	individual	NOUN
fbem-31293	120	19	or	or	CCONJ
fbem-31293	120	20	a	a	DET
fbem-31293	120	21	family	family	NOUN
fbem-31293	120	22	and	and	CCONJ
fbem-31293	120	23	holds	hold	VERB
fbem-31293	120	24	the	the	DET
fbem-31293	120	25	largest	large	ADJ
fbem-31293	120	26	ownership	ownership	NOUN
fbem-31293	120	27	[	[	X
fbem-31293	120	28	60	60	NUM
fbem-31293	120	29	]	]	PUNCT
fbem-31293	120	30	.	.	PUNCT
fbem-31293	121	1	to	to	PART
fbem-31293	121	2	enhance	enhance	VERB
fbem-31293	121	3	the	the	DET
fbem-31293	121	4	reliability	reliability	NOUN
fbem-31293	121	5	and	and	CCONJ
fbem-31293	121	6	representativeness	representativeness	NOUN
fbem-31293	121	7	of	of	ADP
fbem-31293	121	8	the	the	DET
fbem-31293	121	9	findings	finding	NOUN
fbem-31293	121	10	,	,	PUNCT
fbem-31293	121	11	the	the	DET
fbem-31293	121	12	data	datum	NOUN
fbem-31293	121	13	set	set	VERB
fbem-31293	121	14	was	be	AUX
fbem-31293	121	15	processed	process	VERB
fbem-31293	121	16	as	as	SCONJ
fbem-31293	121	17	follows	follow	VERB
fbem-31293	121	18	:	:	PUNCT
fbem-31293	121	19	(	(	PUNCT
fbem-31293	121	20	1	1	X
fbem-31293	121	21	)	)	PUNCT
fbem-31293	121	22	observations	observation	NOUN
fbem-31293	121	23	with	with	ADP
fbem-31293	121	24	missing	miss	VERB
fbem-31293	121	25	variables	variable	NOUN
fbem-31293	121	26	were	be	AUX
fbem-31293	121	27	excluded	exclude	VERB
fbem-31293	121	28	;	;	PUNCT
fbem-31293	121	29	(	(	PUNCT
fbem-31293	121	30	2	2	X
fbem-31293	121	31	)	)	PUNCT
fbem-31293	121	32	financial	financial	ADJ
fbem-31293	121	33	companies	company	NOUN
fbem-31293	121	34	,	,	PUNCT
fbem-31293	121	35	special	special	ADJ
fbem-31293	121	36	treatment	treatment	NOUN
fbem-31293	121	37	(	(	PUNCT
fbem-31293	121	38	st	st	NOUN
fbem-31293	121	39	)	)	PUNCT
fbem-31293	121	40	and	and	CCONJ
fbem-31293	121	41	particular	particular	ADJ
fbem-31293	121	42	transfer	transfer	NOUN
fbem-31293	121	43	(	(	PUNCT
fbem-31293	121	44	pt	pt	NOUN
fbem-31293	121	45	)	)	PUNCT
fbem-31293	121	46	companies	company	NOUN
fbem-31293	121	47	were	be	AUX
fbem-31293	121	48	removed	remove	VERB
fbem-31293	121	49	.	.	PUNCT
fbem-31293	122	1	finally	finally	ADV
fbem-31293	122	2	,	,	PUNCT
fbem-31293	122	3	i	i	PRON
fbem-31293	122	4	obtained	obtain	VERB
fbem-31293	122	5	10363	10363	NUM
fbem-31293	122	6	company	company	NOUN
fbem-31293	122	7	-	-	PUNCT
fbem-31293	122	8	year	year	NOUN
fbem-31293	122	9	samples	sample	NOUN
fbem-31293	122	10	.	.	PUNCT
fbem-31293	123	1	to	to	PART
fbem-31293	123	2	mitigate	mitigate	VERB
fbem-31293	123	3	the	the	DET
fbem-31293	123	4	influence	influence	NOUN
fbem-31293	123	5	of	of	ADP
fbem-31293	123	6	outliers	outlier	NOUN
fbem-31293	123	7	,	,	PUNCT
fbem-31293	123	8	i	i	PRON
fbem-31293	123	9	winsorize	winsorize	VERB
fbem-31293	123	10	the	the	DET
fbem-31293	123	11	continuous	continuous	ADJ
fbem-31293	123	12	variables	variable	NOUN
fbem-31293	123	13	at	at	ADP
fbem-31293	123	14	the	the	DET
fbem-31293	123	15	1	1	NUM
fbem-31293	123	16	%	%	NOUN
fbem-31293	123	17	and	and	CCONJ
fbem-31293	123	18	99	99	NUM
fbem-31293	123	19	%	%	NOUN
fbem-31293	123	20	quantiles	quantile	NOUN
fbem-31293	123	21	.	.	PUNCT
fbem-31293	124	1	stata17	stata17	PROPN
fbem-31293	124	2	is	be	AUX
fbem-31293	124	3	used	use	VERB
fbem-31293	124	4	to	to	PART
fbem-31293	124	5	analyze	analyze	VERB
fbem-31293	124	6	the	the	DET
fbem-31293	124	7	panel	panel	NOUN
fbem-31293	124	8	data	datum	NOUN
fbem-31293	124	9	.	.	PUNCT
fbem-31293	125	1	in	in	ADP
fbem-31293	125	2	this	this	DET
fbem-31293	125	3	study	study	NOUN
fbem-31293	125	4	,	,	PUNCT
fbem-31293	125	5	the	the	DET
fbem-31293	125	6	huazheng	huazheng	PROPN
fbem-31293	125	7	esg	esg	PROPN
fbem-31293	125	8	rating	rating	NOUN
fbem-31293	125	9	index	index	NOUN
fbem-31293	125	10	was	be	AUX
fbem-31293	125	11	retrieved	retrieve	VERB
fbem-31293	125	12	from	from	ADP
fbem-31293	125	13	the	the	DET
fbem-31293	125	14	wind	wind	NOUN
fbem-31293	125	15	database	database	NOUN
fbem-31293	125	16	,	,	PUNCT
fbem-31293	125	17	while	while	SCONJ
fbem-31293	125	18	data	datum	NOUN
fbem-31293	125	19	on	on	ADP
fbem-31293	125	20	nonfamily	nonfamily	NOUN
fbem-31293	125	21	managers	manager	NOUN
fbem-31293	125	22	and	and	CCONJ
fbem-31293	125	23	other	other	ADJ
fbem-31293	125	24	financial	financial	ADJ
fbem-31293	125	25	indicators	indicator	NOUN
fbem-31293	125	26	was	be	AUX
fbem-31293	125	27	mainly	mainly	ADV
fbem-31293	125	28	derived	derive	VERB
fbem-31293	125	29	from	from	ADP
fbem-31293	125	30	the	the	DET
fbem-31293	125	31	china	china	PROPN
fbem-31293	125	32	stock	stock	PROPN
fbem-31293	125	33	market	market	PROPN
fbem-31293	125	34	accounting	accounting	NOUN
fbem-31293	125	35	research	research	NOUN
fbem-31293	125	36	(	(	PUNCT
fbem-31293	125	37	csmar	csmar	PROPN
fbem-31293	125	38	)	)	PUNCT
fbem-31293	125	39	database	database	NOUN
fbem-31293	125	40	.	.	PUNCT
fbem-31293	126	1	csmar	csmar	PROPN
fbem-31293	126	2	and	and	CCONJ
fbem-31293	126	3	wind	wind	NOUN
fbem-31293	126	4	are	be	AUX
fbem-31293	126	5	two	two	NUM
fbem-31293	126	6	of	of	ADP
fbem-31293	126	7	the	the	DET
fbem-31293	126	8	leading	lead	VERB
fbem-31293	126	9	financial	financial	ADJ
fbem-31293	126	10	data	data	NOUN
fbem-31293	126	11	providers	provider	NOUN
fbem-31293	126	12	in	in	ADP
fbem-31293	126	13	mainland	mainland	NOUN
fbem-31293	126	14	china	china	PROPN
fbem-31293	126	15	and	and	CCONJ
fbem-31293	126	16	are	be	AUX
fbem-31293	126	17	widely	widely	ADV
fbem-31293	126	18	used	use	VERB
fbem-31293	126	19	in	in	ADP
fbem-31293	126	20	academic	academic	ADJ
fbem-31293	126	21	research	research	NOUN
fbem-31293	126	22	[	[	X
fbem-31293	126	23	44	44	NUM
fbem-31293	126	24	]	]	PUNCT
fbem-31293	126	25	.	.	PUNCT
fbem-31293	127	1	furthermore	furthermore	ADV
fbem-31293	127	2	,	,	PUNCT
fbem-31293	127	3	seeking	seek	VERB
fbem-31293	127	4	to	to	PART
fbem-31293	127	5	measure	measure	VERB
fbem-31293	127	6	familism	familism	NOUN
fbem-31293	127	7	as	as	ADP
fbem-31293	127	8	a	a	DET
fbem-31293	127	9	moderator	moderator	NOUN
fbem-31293	127	10	,	,	PUNCT
fbem-31293	127	11	i	i	PRON
fbem-31293	127	12	hand	hand	NOUN
fbem-31293	127	13	-	-	PUNCT
fbem-31293	127	14	coded	code	VERB
fbem-31293	127	15	data	datum	NOUN
fbem-31293	127	16	on	on	ADP
fbem-31293	127	17	familism	familism	NOUN
fbem-31293	127	18	by	by	ADP
fbem-31293	127	19	collecting	collect	VERB
fbem-31293	127	20	firms	firm	NOUN
fbem-31293	127	21	’	'	PUNCT
fbem-31293	127	22	prospectus	prospectus	NOUN
fbem-31293	127	23	from	from	ADP
fbem-31293	127	24	official	official	ADJ
fbem-31293	127	25	websites	website	NOUN
fbem-31293	127	26	.	.	PUNCT
fbem-31293	128	1	3.2	3.2	NUM
fbem-31293	128	2	.	.	PUNCT
fbem-31293	128	3	measures	measure	NOUN
fbem-31293	128	4	3.2.1	3.2.1	NUM
fbem-31293	128	5	.	.	PUNCT
fbem-31293	129	1	dependent	dependent	ADJ
fbem-31293	129	2	variable	variable	NOUN
fbem-31293	129	3	there	there	PRON
fbem-31293	129	4	are	be	VERB
fbem-31293	129	5	several	several	ADJ
fbem-31293	129	6	approaches	approach	NOUN
fbem-31293	129	7	to	to	PART
fbem-31293	129	8	measure	measure	VERB
fbem-31293	129	9	a	a	DET
fbem-31293	129	10	corporate	corporate	ADJ
fbem-31293	129	11	’s	’s	NOUN
fbem-31293	129	12	esg	esg	NOUN
fbem-31293	129	13	performance	performance	NOUN
fbem-31293	129	14	.	.	PUNCT
fbem-31293	130	1	following	follow	VERB
fbem-31293	130	2	the	the	DET
fbem-31293	130	3	literature	literature	NOUN
fbem-31293	130	4	[	[	X
fbem-31293	130	5	43	43	NUM
fbem-31293	130	6	,	,	PUNCT
fbem-31293	130	7	64	64	NUM
fbem-31293	130	8	]	]	PUNCT
fbem-31293	130	9	,	,	PUNCT
fbem-31293	130	10	i	i	PRON
fbem-31293	130	11	chose	choose	VERB
fbem-31293	130	12	the	the	DET
fbem-31293	130	13	huazheng	huazheng	PROPN
fbem-31293	130	14	esg	esg	PROPN
fbem-31293	130	15	rating	rating	NOUN
fbem-31293	130	16	index	index	NOUN
fbem-31293	130	17	as	as	ADP
fbem-31293	130	18	the	the	DET
fbem-31293	130	19	dependent	dependent	ADJ
fbem-31293	130	20	variable	variable	NOUN
fbem-31293	130	21	.	.	PUNCT
fbem-31293	131	1	compared	compare	VERB
fbem-31293	131	2	to	to	ADP
fbem-31293	131	3	other	other	ADJ
fbem-31293	131	4	esg	esg	NOUN
fbem-31293	131	5	rating	rating	NOUN
fbem-31293	131	6	systems	system	NOUN
fbem-31293	131	7	in	in	ADP
fbem-31293	131	8	mainland	mainland	PROPN
fbem-31293	131	9	china	china	PROPN
fbem-31293	131	10	,	,	PUNCT
fbem-31293	131	11	such	such	ADJ
fbem-31293	131	12	as	as	ADP
fbem-31293	131	13	syntao	syntao	PROPN
fbem-31293	131	14	green	green	PROPN
fbem-31293	131	15	finance	finance	PROPN
fbem-31293	131	16	esg	esg	PROPN
fbem-31293	131	17	and	and	CCONJ
fbem-31293	131	18	hexun	hexun	PROPN
fbem-31293	131	19	esg	esg	PROPN
fbem-31293	131	20	,	,	PUNCT
fbem-31293	131	21	the	the	DET
fbem-31293	131	22	huazheng	huazheng	PROPN
fbem-31293	131	23	esg	esg	PROPN
fbem-31293	131	24	rating	rating	NOUN
fbem-31293	131	25	system	system	NOUN
fbem-31293	131	26	excels	excel	VERB
fbem-31293	131	27	in	in	ADP
fbem-31293	131	28	its	its	PRON
fbem-31293	131	29	coverage	coverage	NOUN
fbem-31293	131	30	,	,	PUNCT
fbem-31293	131	31	rating	rate	VERB
fbem-31293	131	32	71	71	NUM
fbem-31293	131	33	dimensions	dimension	NOUN
fbem-31293	131	34	and	and	CCONJ
fbem-31293	131	35	is	be	AUX
fbem-31293	131	36	widely	widely	ADV
fbem-31293	131	37	employed	employ	VERB
fbem-31293	131	38	in	in	ADP
fbem-31293	131	39	studies	study	NOUN
fbem-31293	131	40	under	under	ADP
fbem-31293	131	41	the	the	DET
fbem-31293	131	42	chinese	chinese	ADJ
fbem-31293	131	43	settings	setting	NOUN
fbem-31293	131	44	[	[	X
fbem-31293	131	45	64	64	NUM
fbem-31293	131	46	]	]	PUNCT
fbem-31293	131	47	.	.	PUNCT
fbem-31293	132	1	the	the	DET
fbem-31293	132	2	huazheng	huazheng	PROPN
fbem-31293	132	3	esg	esg	PROPN
fbem-31293	132	4	rating	rating	NOUN
fbem-31293	132	5	index	index	NOUN
fbem-31293	132	6	is	be	AUX
fbem-31293	132	7	classified	classify	VERB
fbem-31293	132	8	into	into	ADP
fbem-31293	132	9	nine	nine	NUM
fbem-31293	132	10	levels	level	NOUN
fbem-31293	132	11	from	from	ADP
fbem-31293	132	12	high	high	ADJ
fbem-31293	132	13	to	to	ADP
fbem-31293	132	14	low	low	ADJ
fbem-31293	132	15	,	,	PUNCT
fbem-31293	132	16	namely	namely	ADV
fbem-31293	132	17	:	:	PUNCT
fbem-31293	132	18	aaa	aaa	NOUN
fbem-31293	132	19	,	,	PUNCT
fbem-31293	132	20	aa	aa	INTJ
fbem-31293	132	21	,	,	PUNCT
fbem-31293	132	22	a	a	PRON
fbem-31293	132	23	,	,	PUNCT
fbem-31293	132	24	bbb	bbb	PROPN
fbem-31293	132	25	,	,	PUNCT
fbem-31293	132	26	bb	bb	PROPN
fbem-31293	132	27	,	,	PUNCT
fbem-31293	132	28	b	b	PROPN
fbem-31293	132	29	,	,	PUNCT
fbem-31293	132	30	ccc	ccc	PROPN
fbem-31293	132	31	,	,	PUNCT
fbem-31293	132	32	cc	cc	PROPN
fbem-31293	132	33	,	,	PUNCT
fbem-31293	132	34	c.	c.	PROPN
fbem-31293	132	35	this	this	DET
fbem-31293	132	36	paper	paper	NOUN
fbem-31293	132	37	assigned	assign	VERB
fbem-31293	132	38	a	a	DET
fbem-31293	132	39	value	value	NOUN
fbem-31293	132	40	of	of	ADP
fbem-31293	132	41	9	9	NUM
fbem-31293	132	42	to	to	PART
fbem-31293	132	43	1	1	NUM
fbem-31293	132	44	from	from	ADP
fbem-31293	132	45	high	high	ADJ
fbem-31293	132	46	to	to	PART
fbem-31293	132	47	low	low	VERB
fbem-31293	132	48	as	as	ADP
fbem-31293	132	49	a	a	DET
fbem-31293	132	50	proxy	proxy	NOUN
fbem-31293	132	51	for	for	ADP
fbem-31293	132	52	a	a	DET
fbem-31293	132	53	family	family	NOUN
fbem-31293	132	54	firm	firm	NOUN
fbem-31293	132	55	’s	’s	PART
fbem-31293	132	56	esg	esg	NOUN
fbem-31293	132	57	performance	performance	NOUN
fbem-31293	132	58	.	.	PUNCT
fbem-31293	133	1	3.2.2	3.2.2	X
fbem-31293	133	2	.	.	PUNCT
fbem-31293	134	1	independent	independent	ADJ
fbem-31293	134	2	variable	variable	NOUN
fbem-31293	134	3	following	follow	VERB
fbem-31293	134	4	fangetal	fangetal	NOUN
fbem-31293	134	5	[	[	X
fbem-31293	134	6	25	25	NUM
fbem-31293	134	7	]	]	PUNCT
fbem-31293	134	8	,	,	PUNCT
fbem-31293	134	9	i	i	PRON
fbem-31293	134	10	used	use	VERB
fbem-31293	134	11	the	the	DET
fbem-31293	134	12	proportion	proportion	NOUN
fbem-31293	134	13	of	of	ADP
fbem-31293	134	14	nonfamily	nonfamily	NOUN
fbem-31293	134	15	managers	manager	NOUN
fbem-31293	134	16	relative	relative	ADJ
fbem-31293	134	17	to	to	ADP
fbem-31293	134	18	all	all	DET
fbem-31293	134	19	managers	manager	NOUN
fbem-31293	134	20	employed	employ	VERB
fbem-31293	134	21	in	in	ADP
fbem-31293	134	22	the	the	DET
fbem-31293	134	23	family	family	NOUN
fbem-31293	134	24	firm	firm	NOUN
fbem-31293	134	25	to	to	PART
fbem-31293	134	26	measure	measure	VERB
fbem-31293	134	27	nonfamily	nonfamily	NOUN
fbem-31293	134	28	management	management	NOUN
fbem-31293	134	29	.	.	PUNCT
fbem-31293	135	1	3.2.3	3.2.3	X
fbem-31293	135	2	.	.	X
fbem-31293	135	3	moderating	moderate	VERB
fbem-31293	135	4	variable	variable	ADJ
fbem-31293	135	5	familism	familism	NOUN
fbem-31293	135	6	,	,	PUNCT
fbem-31293	135	7	as	as	ADP
fbem-31293	135	8	the	the	DET
fbem-31293	135	9	crucial	crucial	ADJ
fbem-31293	135	10	component	component	NOUN
fbem-31293	135	11	of	of	ADP
fbem-31293	135	12	confucian	confucian	ADJ
fbem-31293	135	13	cultures	culture	NOUN
fbem-31293	135	14	,	,	PUNCT
fbem-31293	135	15	leads	lead	VERB
fbem-31293	135	16	people	people	NOUN
fbem-31293	135	17	to	to	PART
fbem-31293	135	18	trust	trust	VERB
fbem-31293	135	19	their	their	PRON
fbem-31293	135	20	close	close	ADJ
fbem-31293	135	21	family	family	NOUN
fbem-31293	135	22	networks	network	NOUN
fbem-31293	135	23	significantly	significantly	ADV
fbem-31293	135	24	more	more	ADV
fbem-31293	135	25	than	than	ADP
fbem-31293	135	26	outsides	outside	NOUN
fbem-31293	135	27	[	[	X
fbem-31293	135	28	29	29	NUM
fbem-31293	135	29	]	]	PUNCT
fbem-31293	135	30	.	.	PUNCT
fbem-31293	136	1	therefore	therefore	ADV
fbem-31293	136	2	,	,	PUNCT
fbem-31293	136	3	following	follow	VERB
fbem-31293	136	4	bertrand	bertrand	PROPN
fbem-31293	136	5	and	and	CCONJ
fbem-31293	136	6	schoar	schoar	VERB
fbem-31293	136	7	[	[	X
fbem-31293	136	8	4	4	NUM
fbem-31293	136	9	]	]	PUNCT
fbem-31293	136	10	and	and	CCONJ
fbem-31293	136	11	wu	wu	PROPN
fbem-31293	136	12	et	et	PROPN
fbem-31293	136	13	al	al	PROPN
fbem-31293	137	1	[	[	X
fbem-31293	137	2	59	59	NUM
fbem-31293	137	3	]	]	PUNCT
fbem-31293	137	4	,	,	PUNCT
fbem-31293	137	5	this	this	DET
fbem-31293	137	6	paper	paper	NOUN
fbem-31293	137	7	measures	measure	VERB
fbem-31293	137	8	familism	familism	NOUN
fbem-31293	137	9	by	by	ADP
fbem-31293	137	10	comparing	compare	VERB
fbem-31293	137	11	residents	resident	NOUN
fbem-31293	137	12	’	'	PUNCT
fbem-31293	137	13	relative	relative	ADJ
fbem-31293	137	14	trust	trust	NOUN
fbem-31293	137	15	level	level	NOUN
fbem-31293	137	16	in	in	ADP
fbem-31293	137	17	"	"	PUNCT
fbem-31293	137	18	family	family	NOUN
fbem-31293	137	19	members	member	NOUN
fbem-31293	137	20	"	"	PUNCT
fbem-31293	137	21	and	and	CCONJ
fbem-31293	137	22	"	"	PUNCT
fbem-31293	137	23	other	other	ADJ
fbem-31293	137	24	social	social	ADJ
fbem-31293	137	25	relations	relation	NOUN
fbem-31293	137	26	"	"	PUNCT
fbem-31293	137	27	.	.	PUNCT
fbem-31293	138	1	utilizing	utilize	VERB
fbem-31293	138	2	data	datum	NOUN
fbem-31293	138	3	from	from	ADP
fbem-31293	138	4	the	the	DET
fbem-31293	138	5	2012	2012	NUM
fbem-31293	138	6	world	world	NOUN
fbem-31293	138	7	values	value	NOUN
fbem-31293	138	8	survey	survey	NOUN
fbem-31293	138	9	(	(	PUNCT
fbem-31293	138	10	wvs	wvs	NOUN
fbem-31293	138	11	)	)	PUNCT
fbem-31293	138	12	across	across	ADP
fbem-31293	138	13	various	various	ADJ
fbem-31293	138	14	chinese	chinese	ADJ
fbem-31293	138	15	provinces	province	NOUN
fbem-31293	138	16	,	,	PUNCT
fbem-31293	138	17	a	a	DET
fbem-31293	138	18	provincial	provincial	ADJ
fbem-31293	138	19	level	level	NOUN
fbem-31293	138	20	familism	familism	NOUN
fbem-31293	138	21	indicator	indicator	NOUN
fbem-31293	138	22	was	be	AUX
fbem-31293	138	23	constructed	construct	VERB
fbem-31293	138	24	.	.	PUNCT
fbem-31293	139	1	then	then	ADV
fbem-31293	139	2	,	,	PUNCT
fbem-31293	139	3	i	i	PRON
fbem-31293	139	4	matched	match	VERB
fbem-31293	139	5	the	the	DET
fbem-31293	139	6	familism	familism	NOUN
fbem-31293	139	7	index	index	NOUN
fbem-31293	139	8	with	with	ADP
fbem-31293	139	9	the	the	DET
fbem-31293	139	10	birth	birth	NOUN
fbem-31293	139	11	province	province	NOUN
fbem-31293	139	12	of	of	ADP
fbem-31293	139	13	the	the	DET
fbem-31293	139	14	firm	firm	ADJ
fbem-31293	139	15	founder	founder	NOUN
fbem-31293	139	16	(	(	PUNCT
fbem-31293	139	17	or	or	CCONJ
fbem-31293	139	18	actual	actual	ADJ
fbem-31293	139	19	controller	controller	NOUN
fbem-31293	139	20	)	)	PUNCT
fbem-31293	139	21	.	.	PUNCT
fbem-31293	140	1	the	the	DET
fbem-31293	140	2	identification	identification	NOUN
fbem-31293	140	3	of	of	ADP
fbem-31293	140	4	the	the	DET
fbem-31293	140	5	founder	founder	NOUN
fbem-31293	140	6	’s	’s	PART
fbem-31293	140	7	birth	birth	NOUN
fbem-31293	140	8	province	province	NOUN
fbem-31293	140	9	is	be	AUX
fbem-31293	140	10	determined	determine	VERB
fbem-31293	140	11	through	through	ADP
fbem-31293	140	12	the	the	DET
fbem-31293	140	13	first	first	ADJ
fbem-31293	140	14	two	two	NUM
fbem-31293	140	15	digits	digit	NOUN
fbem-31293	140	16	of	of	ADP
fbem-31293	140	17	their	their	PRON
fbem-31293	140	18	i	i	PROPN
fbem-31293	140	19	d	d	PROPN
fbem-31293	140	20	card	card	NOUN
fbem-31293	140	21	,	,	PUNCT
fbem-31293	140	22	which	which	PRON
fbem-31293	140	23	was	be	AUX
fbem-31293	140	24	disclosed	disclose	VERB
fbem-31293	140	25	in	in	ADP
fbem-31293	140	26	firms	firm	NOUN
fbem-31293	140	27	’	’	PART
fbem-31293	140	28	prospectuses	prospectus	NOUN
fbem-31293	140	29	.	.	PUNCT
fbem-31293	141	1	finally	finally	ADV
fbem-31293	141	2	,	,	PUNCT
fbem-31293	141	3	the	the	DET
fbem-31293	141	4	information	information	NOUN
fbem-31293	141	5	was	be	AUX
fbem-31293	141	6	verified	verify	VERB
fbem-31293	141	7	using	use	VERB
fbem-31293	141	8	the	the	DET
fbem-31293	141	9	baidu	baidu	NOUN
fbem-31293	141	10	search	search	NOUN
fbem-31293	141	11	engine	engine	NOUN
fbem-31293	141	12	.	.	PUNCT
fbem-31293	142	1	because	because	SCONJ
fbem-31293	142	2	familism	familism	NOUN
fbem-31293	142	3	is	be	AUX
fbem-31293	142	4	a	a	DET
fbem-31293	142	5	continuous	continuous	ADJ
fbem-31293	142	6	variable	variable	NOUN
fbem-31293	142	7	,	,	PUNCT
fbem-31293	142	8	it	it	PRON
fbem-31293	142	9	should	should	AUX
fbem-31293	142	10	be	be	AUX
fbem-31293	142	11	centered	center	VERB
fbem-31293	142	12	before	before	ADP
fbem-31293	142	13	being	be	AUX
fbem-31293	142	14	included	include	VERB
fbem-31293	142	15	in	in	ADP
fbem-31293	142	16	the	the	DET
fbem-31293	142	17	interaction	interaction	NOUN
fbem-31293	142	18	term	term	NOUN
fbem-31293	142	19	.	.	PUNCT
fbem-31293	143	1	3.2.4	3.2.4	X
fbem-31293	143	2	.	.	PUNCT
fbem-31293	144	1	control	control	NOUN
fbem-31293	144	2	variables	variable	NOUN
fbem-31293	144	3	consistent	consistent	ADJ
fbem-31293	144	4	with	with	ADP
fbem-31293	144	5	the	the	DET
fbem-31293	144	6	related	relate	VERB
fbem-31293	144	7	literature	literature	NOUN
fbem-31293	144	8	[	[	X
fbem-31293	144	9	56	56	NUM
fbem-31293	144	10	]	]	PUNCT
fbem-31293	144	11	,	,	PUNCT
fbem-31293	144	12	i	i	PRON
fbem-31293	144	13	integrated	integrate	VERB
fbem-31293	144	14	two	two	NUM
fbem-31293	144	15	control	control	NOUN
fbem-31293	144	16	variable	variable	ADJ
fbem-31293	144	17	groups	group	NOUN
fbem-31293	144	18	,	,	PUNCT
fbem-31293	144	19	one	one	NUM
fbem-31293	144	20	on	on	ADP
fbem-31293	144	21	the	the	DET
fbem-31293	144	22	firm	firm	ADJ
fbem-31293	144	23	level	level	NOUN
fbem-31293	144	24	and	and	CCONJ
fbem-31293	144	25	one	one	NUM
fbem-31293	144	26	on	on	ADP
fbem-31293	144	27	the	the	DET
fbem-31293	144	28	top	top	ADJ
fbem-31293	144	29	management	management	NOUN
fbem-31293	144	30	team	team	NOUN
fbem-31293	144	31	(	(	PUNCT
fbem-31293	144	32	tmt	tmt	PROPN
fbem-31293	144	33	)	)	PUNCT
fbem-31293	144	34	level	level	NOUN
fbem-31293	144	35	.	.	PUNCT
fbem-31293	145	1	at	at	ADP
fbem-31293	145	2	the	the	DET
fbem-31293	145	3	firm	firm	ADJ
fbem-31293	145	4	level	level	NOUN
fbem-31293	145	5	,	,	PUNCT
fbem-31293	145	6	i	i	PRON
fbem-31293	145	7	first	first	ADV
fbem-31293	145	8	controlled	control	VERB
fbem-31293	145	9	for	for	ADP
fbem-31293	145	10	size	size	NOUN
fbem-31293	145	11	(	(	PUNCT
fbem-31293	145	12	size	size	NOUN
fbem-31293	145	13	)	)	PUNCT
fbem-31293	145	14	,	,	PUNCT
fbem-31293	145	15	firm	firm	ADJ
fbem-31293	145	16	age	age	NOUN
fbem-31293	145	17	(	(	PUNCT
fbem-31293	145	18	fage	fage	NOUN
fbem-31293	145	19	)	)	PUNCT
fbem-31293	145	20	and	and	CCONJ
fbem-31293	145	21	asset	asset	NOUN
fbem-31293	145	22	-	-	PUNCT
fbem-31293	145	23	liability	liability	NOUN
fbem-31293	145	24	ratio	ratio	NOUN
fbem-31293	145	25	(	(	PUNCT
fbem-31293	145	26	lev	lev	NOUN
fbem-31293	145	27	)	)	PUNCT
fbem-31293	145	28	.	.	PUNCT
fbem-31293	146	1	larger	large	ADJ
fbem-31293	146	2	and	and	CCONJ
fbem-31293	146	3	maturer	mature	ADJ
fbem-31293	146	4	enterprises	enterprise	NOUN
fbem-31293	146	5	typically	typically	ADV
fbem-31293	146	6	have	have	VERB
fbem-31293	146	7	more	more	ADJ
fbem-31293	146	8	resources	resource	NOUN
fbem-31293	146	9	and	and	CCONJ
fbem-31293	146	10	capabilities	capability	NOUN
fbem-31293	146	11	to	to	PART
fbem-31293	146	12	invest	invest	VERB
fbem-31293	146	13	in	in	ADP
fbem-31293	146	14	esg	esg	PROPN
fbem-31293	146	15	initiatives	initiative	NOUN
fbem-31293	146	16	[	[	X
fbem-31293	146	17	24	24	NUM
fbem-31293	146	18	]	]	PUNCT
fbem-31293	146	19	.	.	PUNCT
fbem-31293	147	1	meanwhile	meanwhile	ADV
fbem-31293	147	2	,	,	PUNCT
fbem-31293	147	3	companies	company	NOUN
fbem-31293	147	4	with	with	ADP
fbem-31293	147	5	lower	low	ADJ
fbem-31293	147	6	leverage	leverage	NOUN
fbem-31293	147	7	levels	level	NOUN
fbem-31293	147	8	have	have	VERB
fbem-31293	147	9	more	more	ADJ
fbem-31293	147	10	financial	financial	ADJ
fbem-31293	147	11	flexibility	flexibility	NOUN
fbem-31293	147	12	to	to	PART
fbem-31293	147	13	invest	invest	VERB
fbem-31293	147	14	in	in	ADP
fbem-31293	147	15	sustainable	sustainable	ADJ
fbem-31293	147	16	and	and	CCONJ
fbem-31293	147	17	socially	socially	ADV
fbem-31293	147	18	responsible	responsible	ADJ
fbem-31293	147	19	projects	project	NOUN
fbem-31293	147	20	.	.	PUNCT
fbem-31293	148	1	second	second	ADJ
fbem-31293	148	2	,	,	PUNCT
fbem-31293	148	3	following	follow	VERB
fbem-31293	148	4	prior	prior	ADJ
fbem-31293	148	5	literature	literature	NOUN
fbem-31293	148	6	[	[	X
fbem-31293	148	7	37	37	NUM
fbem-31293	148	8	]	]	PUNCT
fbem-31293	148	9	,	,	PUNCT
fbem-31293	148	10	i	i	PRON
fbem-31293	148	11	also	also	ADV
fbem-31293	148	12	controlled	control	VERB
fbem-31293	148	13	the	the	DET
fbem-31293	148	14	firms	firm	NOUN
fbem-31293	148	15	’	’	PART
fbem-31293	148	16	characteristics	characteristic	NOUN
fbem-31293	148	17	that	that	PRON
fbem-31293	148	18	might	might	AUX
fbem-31293	148	19	affect	affect	VERB
fbem-31293	148	20	esg	esg	PROPN
fbem-31293	148	21	governance	governance	NOUN
fbem-31293	148	22	,	,	PUNCT
fbem-31293	148	23	including	include	VERB
fbem-31293	148	24	the	the	DET
fbem-31293	148	25	duality	duality	NOUN
fbem-31293	148	26	(	(	PUNCT
fbem-31293	148	27	dual	dual	ADJ
fbem-31293	148	28	)	)	PUNCT
fbem-31293	148	29	,	,	PUNCT
fbem-31293	148	30	board	board	NOUN
fbem-31293	148	31	size	size	NOUN
fbem-31293	148	32	(	(	PUNCT
fbem-31293	148	33	board	board	NOUN
fbem-31293	148	34	)	)	PUNCT
fbem-31293	148	35	and	and	CCONJ
fbem-31293	148	36	the	the	DET
fbem-31293	148	37	top1	top1	PROPN
fbem-31293	148	38	(	(	PUNCT
fbem-31293	148	39	top1	top1	PROPN
fbem-31293	148	40	)	)	PUNCT
fbem-31293	148	41	.	.	PUNCT
fbem-31293	149	1	moreover	moreover	ADV
fbem-31293	149	2	,	,	PUNCT
fbem-31293	149	3	it	it	PRON
fbem-31293	149	4	should	should	AUX
fbem-31293	149	5	be	be	AUX
fbem-31293	149	6	noted	note	VERB
fbem-31293	149	7	that	that	SCONJ
fbem-31293	149	8	external	external	ADJ
fbem-31293	149	9	attention	attention	NOUN
fbem-31293	149	10	also	also	ADV
fbem-31293	149	11	influences	influence	VERB
fbem-31293	149	12	esg	esg	NOUN
fbem-31293	149	13	performance	performance	NOUN
fbem-31293	149	14	.	.	PUNCT
fbem-31293	150	1	for	for	ADP
fbem-31293	150	2	this	this	DET
fbem-31293	150	3	reason	reason	NOUN
fbem-31293	150	4	,	,	PUNCT
fbem-31293	150	5	i	i	PRON
fbem-31293	150	6	controlled	control	VERB
fbem-31293	150	7	the	the	DET
fbem-31293	150	8	attention	attention	NOUN
fbem-31293	150	9	from	from	ADP
fbem-31293	150	10	institutional	institutional	ADJ
fbem-31293	150	11	investors	investor	NOUN
fbem-31293	150	12	(	(	PUNCT
fbem-31293	150	13	inst	inst	NOUN
fbem-31293	150	14	)	)	PUNCT
fbem-31293	150	15	and	and	CCONJ
fbem-31293	150	16	big4	big4	NOUN
fbem-31293	150	17	auditors	auditor	NOUN
fbem-31293	150	18	(	(	PUNCT
fbem-31293	150	19	big4	big4	PROPN
fbem-31293	150	20	)	)	PUNCT
fbem-31293	150	21	.	.	PUNCT
fbem-31293	151	1	additionally	additionally	ADV
fbem-31293	151	2	,	,	PUNCT
fbem-31293	151	3	i	i	PRON
fbem-31293	151	4	controlled	control	VERB
fbem-31293	151	5	for	for	ADP
fbem-31293	151	6	tmt	tmt	PROPN
fbem-31293	151	7	-	-	PUNCT
fbem-31293	151	8	level	level	NOUN
fbem-31293	151	9	effects	effect	NOUN
fbem-31293	151	10	on	on	ADP
fbem-31293	151	11	esg	esg	NOUN
fbem-31293	151	12	performance	performance	NOUN
fbem-31293	151	13	.	.	PUNCT
fbem-31293	152	1	as	as	SCONJ
fbem-31293	152	2	existing	exist	VERB
fbem-31293	152	3	studies	study	NOUN
fbem-31293	152	4	have	have	AUX
fbem-31293	152	5	suggested	suggest	VERB
fbem-31293	152	6	that	that	SCONJ
fbem-31293	152	7	the	the	DET
fbem-31293	152	8	management	management	NOUN
fbem-31293	152	9	team	team	NOUN
fbem-31293	152	10	plays	play	VERB
fbem-31293	152	11	an	an	DET
fbem-31293	152	12	indispensable	indispensable	ADJ
fbem-31293	152	13	role	role	NOUN
fbem-31293	152	14	in	in	ADP
fbem-31293	152	15	esg	esg	PROPN
fbem-31293	152	16	decisions	decision	NOUN
fbem-31293	152	17	[	[	X
fbem-31293	152	18	57	57	NUM
fbem-31293	152	19	]	]	PUNCT
fbem-31293	152	20	,	,	PUNCT
fbem-31293	152	21	the	the	DET
fbem-31293	152	22	managers	manager	NOUN
fbem-31293	152	23	’	’	PART
fbem-31293	152	24	average	average	ADJ
fbem-31293	152	25	age	age	NOUN
fbem-31293	152	26	(	(	PUNCT
fbem-31293	152	27	tmtage	tmtage	NOUN
fbem-31293	152	28	)	)	PUNCT
fbem-31293	152	29	and	and	CCONJ
fbem-31293	152	30	their	their	PRON
fbem-31293	152	31	oversea	oversea	ADJ
fbem-31293	152	32	background	background	NOUN
fbem-31293	152	33	(	(	PUNCT
fbem-31293	152	34	overseaback	overseaback	ADV
fbem-31293	152	35	)	)	PUNCT
fbem-31293	152	36	were	be	AUX
fbem-31293	152	37	also	also	ADV
fbem-31293	152	38	controlled	control	VERB
fbem-31293	152	39	.	.	PUNCT
fbem-31293	153	1	to	to	PART
fbem-31293	153	2	alleviate	alleviate	VERB
fbem-31293	153	3	the	the	DET
fbem-31293	153	4	endogeneity	endogeneity	NOUN
fbem-31293	153	5	problem	problem	NOUN
fbem-31293	153	6	of	of	ADP
fbem-31293	153	7	omitted	omit	VERB
fbem-31293	153	8	variables	variable	NOUN
fbem-31293	153	9	,	,	PUNCT
fbem-31293	153	10	i	i	PRON
fbem-31293	153	11	further	far	ADV
fbem-31293	153	12	controlled	control	VERB
fbem-31293	153	13	for	for	ADP
fbem-31293	153	14	industry	industry	NOUN
fbem-31293	153	15	fixed	fix	VERB
fbem-31293	153	16	effects	effect	NOUN
fbem-31293	153	17	(	(	PUNCT
fbem-31293	153	18	industry	industry	NOUN
fbem-31293	153	19	)	)	PUNCT
fbem-31293	153	20	and	and	CCONJ
fbem-31293	153	21	year	year	NOUN
fbem-31293	153	22	fixed	fix	VERB
fbem-31293	153	23	effects	effect	NOUN
fbem-31293	153	24	(	(	PUNCT
fbem-31293	153	25	year	year	NOUN
fbem-31293	153	26	)	)	PUNCT
fbem-31293	153	27	.	.	PUNCT
fbem-31293	154	1	table	table	NOUN
fbem-31293	154	2	1	1	NUM
fbem-31293	154	3	summarizes	summarize	NOUN
fbem-31293	154	4	the	the	DET
fbem-31293	154	5	variables	variable	NOUN
fbem-31293	154	6	used	use	VERB
fbem-31293	154	7	in	in	ADP
fbem-31293	154	8	the	the	DET
fbem-31293	154	9	model	model	NOUN
fbem-31293	154	10	and	and	CCONJ
fbem-31293	154	11	their	their	PRON
fbem-31293	154	12	measurement	measurement	NOUN
fbem-31293	154	13	.	.	PUNCT
fbem-31293	155	1	table	table	NOUN
fbem-31293	155	2	1	1	NUM
fbem-31293	155	3	.	.	PUNCT
fbem-31293	156	1	variable	variable	ADJ
fbem-31293	156	2	definition	definition	NOUN
fbem-31293	156	3	variables	variable	VERB
fbem-31293	156	4	definition	definition	NOUN
fbem-31293	156	5	dependent	dependent	ADJ
fbem-31293	156	6	variable	variable	NOUN
fbem-31293	156	7	esgrating	esgrate	VERB
fbem-31293	156	8	esg	esg	PROPN
fbem-31293	156	9	rating	rating	NOUN
fbem-31293	156	10	provided	provide	VERB
fbem-31293	156	11	by	by	ADP
fbem-31293	156	12	huazheng	huazheng	PROPN
fbem-31293	156	13	esg	esg	PROPN
fbem-31293	156	14	rating	rating	NOUN
fbem-31293	156	15	system	system	NOUN
fbem-31293	156	16	(	(	PUNCT
fbem-31293	156	17	0	0	NUM
fbem-31293	156	18	-	-	SYM
fbem-31293	156	19	9	9	NUM
fbem-31293	156	20	)	)	PUNCT
fbem-31293	156	21	.	.	PUNCT
fbem-31293	157	1	independent	independent	ADJ
fbem-31293	157	2	variable	variable	NOUN
fbem-31293	157	3	nfr	nfr	VERB
fbem-31293	157	4	the	the	DET
fbem-31293	157	5	proportion	proportion	NOUN
fbem-31293	157	6	of	of	ADP
fbem-31293	157	7	nonfamily	nonfamily	NOUN
fbem-31293	157	8	managers	manager	NOUN
fbem-31293	157	9	relative	relative	ADJ
fbem-31293	157	10	to	to	ADP
fbem-31293	157	11	all	all	DET
fbem-31293	157	12	managers	manager	NOUN
fbem-31293	157	13	employed	employ	VERB
fbem-31293	157	14	in	in	ADP
fbem-31293	157	15	the	the	DET
fbem-31293	157	16	firm	firm	ADJ
fbem-31293	157	17	moderating	moderate	VERB
fbem-31293	157	18	variable	variable	ADJ
fbem-31293	157	19	familism	familism	NOUN
fbem-31293	157	20	the	the	DET
fbem-31293	157	21	difference	difference	NOUN
fbem-31293	157	22	between	between	ADP
fbem-31293	157	23	the	the	DET
fbem-31293	157	24	average	average	ADJ
fbem-31293	157	25	trust	trust	NOUN
fbem-31293	157	26	leve	leve	PROPN
fbem-31293	157	27	lin	lin	PROPN
fbem-31293	157	28	“	"	PUNCT
fbem-31293	157	29	family	family	NOUN
fbem-31293	157	30	members	member	NOUN
fbem-31293	157	31	”	"	PUNCT
fbem-31293	157	32	and	and	CCONJ
fbem-31293	157	33	“	"	PUNCT
fbem-31293	157	34	othe	othe	ADJ
fbem-31293	157	35	relations	relation	NOUN
fbem-31293	157	36	”	"	PUNCT
fbem-31293	157	37	among	among	ADP
fbem-31293	157	38	respondents	respondent	NOUN
fbem-31293	157	39	from	from	ADP
fbem-31293	157	40	the	the	DET
fbem-31293	157	41	actual	actual	ADJ
fbem-31293	157	42	controller	controller	NOUN
fbem-31293	157	43	's	's	PART
fbem-31293	157	44	home	home	NOUN
fbem-31293	157	45	province	province	NOUN
fbem-31293	157	46	.	.	PUNCT
fbem-31293	158	1	control	control	NOUN
fbem-31293	158	2	variables	variable	NOUN
fbem-31293	158	3	size	size	VERB
fbem-31293	158	4	the	the	DET
fbem-31293	158	5	natural	natural	ADJ
fbem-31293	158	6	logarithm	logarithm	NOUN
fbem-31293	158	7	of	of	ADP
fbem-31293	158	8	total	total	ADJ
fbem-31293	158	9	assets	asset	NOUN
fbem-31293	158	10	.	.	PUNCT
fbem-31293	159	1	fage	fage	NOUN
fbem-31293	159	2	calculated	calculate	VERB
fbem-31293	159	3	as	as	ADP
fbem-31293	159	4	the	the	DET
fbem-31293	159	5	current	current	ADJ
fbem-31293	159	6	year	year	NOUN
fbem-31293	159	7	minus	minus	CCONJ
fbem-31293	159	8	the	the	DET
fbem-31293	159	9	established	establish	VERB
fbem-31293	159	10	year	year	NOUN
fbem-31293	159	11	,	,	PUNCT
fbem-31293	159	12	plus	plus	CCONJ
fbem-31293	159	13	1	1	NUM
fbem-31293	159	14	.	.	X
fbem-31293	159	15	lev	lev	VERB
fbem-31293	159	16	the	the	DET
fbem-31293	159	17	ratio	ratio	NOUN
fbem-31293	159	18	of	of	ADP
fbem-31293	159	19	total	total	ADJ
fbem-31293	159	20	liabilities	liability	NOUN
fbem-31293	159	21	to	to	AUX
fbem-31293	159	22	total	total	ADJ
fbem-31293	159	23	assets	asset	NOUN
fbem-31293	159	24	.	.	PUNCT
fbem-31293	160	1	dual	dual	ADJ
fbem-31293	160	2	ceo	ceo	NOUN
fbem-31293	160	3	-	-	PUNCT
fbem-31293	160	4	chairman	chairman	NOUN
fbem-31293	160	5	duality	duality	NOUN
fbem-31293	160	6	,	,	PUNCT
fbem-31293	160	7	coded	code	VERB
fbem-31293	160	8	as	as	ADP
fbem-31293	160	9	1	1	NUM
fbem-31293	160	10	if	if	SCONJ
fbem-31293	160	11	the	the	DET
fbem-31293	160	12	same	same	ADJ
fbem-31293	160	13	person	person	NOUN
fbem-31293	160	14	holds	hold	VERB
fbem-31293	160	15	both	both	DET
fbem-31293	160	16	roles	role	NOUN
fbem-31293	160	17	,	,	PUNCT
fbem-31293	160	18	0	0	NUM
fbem-31293	160	19	otherwise	otherwise	ADV
fbem-31293	160	20	.	.	PUNCT
fbem-31293	161	1	top1	top1	PROPN
fbem-31293	161	2	the	the	DET
fbem-31293	161	3	ratio	ratio	NOUN
fbem-31293	161	4	of	of	ADP
fbem-31293	161	5	shares	share	NOUN
fbem-31293	161	6	held	hold	VERB
fbem-31293	161	7	by	by	ADP
fbem-31293	161	8	the	the	DET
fbem-31293	161	9	largest	large	ADJ
fbem-31293	161	10	shareholder	shareholder	NOUN
fbem-31293	161	11	to	to	ADP
fbem-31293	161	12	total	total	ADJ
fbem-31293	161	13	shares	share	NOUN
fbem-31293	161	14	.	.	PUNCT
fbem-31293	162	1	board	board	VERB
fbem-31293	162	2	the	the	DET
fbem-31293	162	3	natural	natural	ADJ
fbem-31293	162	4	logarithm	logarithm	NOUN
fbem-31293	162	5	of	of	ADP
fbem-31293	162	6	the	the	DET
fbem-31293	162	7	number	number	NOUN
fbem-31293	162	8	of	of	ADP
fbem-31293	162	9	board	board	NOUN
fbem-31293	162	10	members	member	NOUN
fbem-31293	162	11	.	.	PUNCT
fbem-31293	163	1	inst	inst	VERB
fbem-31293	163	2	the	the	DET
fbem-31293	163	3	ratio	ratio	NOUN
fbem-31293	163	4	of	of	ADP
fbem-31293	163	5	institutional	institutional	ADJ
fbem-31293	163	6	shares	share	NOUN
fbem-31293	163	7	to	to	ADP
fbem-31293	163	8	total	total	ADJ
fbem-31293	163	9	shares	share	NOUN
fbem-31293	163	10	.	.	PUNCT
fbem-31293	164	1	big4	big4	PROPN
fbem-31293	164	2	coded	code	VERB
fbem-31293	164	3	as	as	ADP
fbem-31293	164	4	1	1	NUM
fbem-31293	164	5	if	if	SCONJ
fbem-31293	164	6	audited	audit	VERB
fbem-31293	164	7	by	by	ADP
fbem-31293	164	8	big	big	ADJ
fbem-31293	164	9	4	4	NUM
fbem-31293	164	10	auditors	auditor	NOUN
fbem-31293	164	11	,	,	PUNCT
fbem-31293	164	12	0	0	NUM
fbem-31293	164	13	otherwise	otherwise	ADV
fbem-31293	164	14	.	.	PUNCT
fbem-31293	165	1	tmtage	tmtage	NOUN
fbem-31293	165	2	average	average	ADJ
fbem-31293	165	3	age	age	NOUN
fbem-31293	165	4	of	of	ADP
fbem-31293	165	5	the	the	DET
fbem-31293	165	6	managers	manager	NOUN
fbem-31293	165	7	.	.	PUNCT
fbem-31293	166	1	overseaback	overseaback	ADV
fbem-31293	166	2	coded	code	VERB
fbem-31293	166	3	as	as	ADP
fbem-31293	166	4	1	1	NUM
fbem-31293	166	5	if	if	SCONJ
fbem-31293	166	6	any	any	DET
fbem-31293	166	7	manager	manager	NOUN
fbem-31293	166	8	has	have	VERB
fbem-31293	166	9	overseas	overseas	ADJ
fbem-31293	166	10	experience	experience	NOUN
fbem-31293	166	11	,	,	PUNCT
fbem-31293	166	12	0	0	NUM
fbem-31293	167	1	otherwise	otherwise	ADV
fbem-31293	167	2	.	.	PUNCT
fbem-31293	168	1	3.3	3.3	NUM
fbem-31293	168	2	.	.	PUNCT
fbem-31293	169	1	research	research	NOUN
fbem-31293	169	2	design	design	NOUN
fbem-31293	169	3	to	to	PART
fbem-31293	169	4	cope	cope	VERB
fbem-31293	169	5	with	with	ADP
fbem-31293	169	6	the	the	DET
fbem-31293	169	7	panel	panel	NOUN
fbem-31293	169	8	data	datum	NOUN
fbem-31293	169	9	,	,	PUNCT
fbem-31293	169	10	the	the	DET
fbem-31293	169	11	fixed	fix	VERB
fbem-31293	169	12	-	-	PUNCT
fbem-31293	169	13	effects	effect	NOUN
fbem-31293	169	14	regression	regression	NOUN
fbem-31293	169	15	model	model	NOUN
fbem-31293	169	16	was	be	AUX
fbem-31293	169	17	used	use	VERB
fbem-31293	169	18	to	to	PART
fbem-31293	169	19	alleviate	alleviate	VERB
fbem-31293	169	20	the	the	DET
fbem-31293	169	21	potential	potential	ADJ
fbem-31293	169	22	endogeneity	endogeneity	NOUN
fbem-31293	169	23	of	of	ADP
fbem-31293	169	24	the	the	DET
fbem-31293	169	25	independent	independent	ADJ
fbem-31293	169	26	variables	variable	NOUN
fbem-31293	169	27	.	.	PUNCT
fbem-31293	170	1	specifically	specifically	ADV
fbem-31293	170	2	,	,	PUNCT
fbem-31293	170	3	following	follow	VERB
fbem-31293	170	4	correia	correia	PROPN
fbem-31293	170	5	[	[	X
fbem-31293	170	6	19	19	NUM
fbem-31293	170	7	]	]	PUNCT
fbem-31293	170	8	,	,	PUNCT
fbem-31293	170	9	i	i	PRON
fbem-31293	170	10	used	use	VERB
fbem-31293	170	11	the	the	DET
fbem-31293	170	12	reghdf	reghdf	NOUN
fbem-31293	170	13	procedure	procedure	NOUN
fbem-31293	170	14	in	in	ADP
fbem-31293	170	15	stata	stata	NOUN
fbem-31293	170	16	to	to	PART
fbem-31293	170	17	estimate	estimate	VERB
fbem-31293	170	18	equation	equation	NOUN
fbem-31293	170	19	(	(	PUNCT
fbem-31293	170	20	1	1	NUM
fbem-31293	170	21	)	)	PUNCT
fbem-31293	170	22	and	and	CCONJ
fbem-31293	170	23	(	(	PUNCT
fbem-31293	170	24	2).according	2).accorde	VERB
fbem-31293	170	25	to	to	ADP
fbem-31293	170	26	li	li	PROPN
fbem-31293	170	27	et	et	PROPN
fbem-31293	170	28	al	al	PROPN
fbem-31293	170	29	.	.	PUNCT
fbem-31293	171	1	[	[	X
fbem-31293	171	2	41	41	NUM
fbem-31293	171	3	]	]	PUNCT
fbem-31293	171	4	,	,	PUNCT
fbem-31293	171	5	reghdfe	reghdfe	PROPN
fbem-31293	171	6	can	can	AUX
fbem-31293	171	7	effectively	effectively	ADV
fbem-31293	171	8	calculate	calculate	VERB
fbem-31293	171	9	multiple	multiple	ADJ
fbem-31293	171	10	sets	set	NOUN
fbem-31293	171	11	of	of	ADP
fbem-31293	171	12	fixed	fix	VERB
fbem-31293	171	13	effects	effect	NOUN
fbem-31293	171	14	consisting	consist	VERB
fbem-31293	171	15	of	of	ADP
fbem-31293	171	16	a	a	DET
fbem-31293	171	17	large	large	ADJ
fbem-31293	171	18	number	number	NOUN
fbem-31293	171	19	of	of	ADP
fbem-31293	171	20	values	value	NOUN
fbem-31293	171	21	.	.	PUNCT
fbem-31293	172	1	thus	thus	ADV
fbem-31293	172	2	,	,	PUNCT
fbem-31293	172	3	it	it	PRON
fbem-31293	172	4	is	be	AUX
fbem-31293	172	5	preferable	preferable	ADJ
fbem-31293	172	6	to	to	ADP
fbem-31293	172	7	other	other	ADJ
fbem-31293	172	8	estimation	estimation	NOUN
fbem-31293	172	9	approaches	approach	NOUN
fbem-31293	172	10	for	for	ADP
fbem-31293	172	11	this	this	DET
fbem-31293	172	12	model	model	NOUN
fbem-31293	172	13	.	.	PUNCT
fbem-31293	173	1	i	i	PRON
fbem-31293	173	2	used	use	VERB
fbem-31293	173	3	the	the	DET
fbem-31293	173	4	following	follow	VERB
fbem-31293	173	5	three	three	NUM
fbem-31293	173	6	regression	regression	NOUN
fbem-31293	173	7	models	model	NOUN
fbem-31293	173	8	to	to	PART
fbem-31293	173	9	test	test	VERB
fbem-31293	173	10	the	the	DET
fbem-31293	173	11	above	above	ADJ
fbem-31293	173	12	hypotheses	hypothesis	NOUN
fbem-31293	173	13	.	.	PUNCT
fbem-31293	174	1	the	the	DET
fbem-31293	174	2	first	first	ADJ
fbem-31293	174	3	and	and	CCONJ
fbem-31293	174	4	second	second	ADJ
fbem-31293	174	5	equation	equation	NOUN
fbem-31293	174	6	was	be	AUX
fbem-31293	174	7	used	use	VERB
fbem-31293	174	8	to	to	PART
fbem-31293	174	9	test	test	VERB
fbem-31293	174	10	hypothesis	hypothesis	NOUN
fbem-31293	174	11	1	1	NUM
fbem-31293	174	12	,	,	PUNCT
fbem-31293	174	13	while	while	SCONJ
fbem-31293	174	14	the	the	DET
fbem-31293	174	15	third	third	ADJ
fbem-31293	174	16	equation	equation	NOUN
fbem-31293	174	17	was	be	AUX
fbem-31293	174	18	used	use	VERB
fbem-31293	174	19	to	to	PART
fbem-31293	174	20	test	test	VERB
fbem-31293	174	21	hypothesis	hypothesis	NOUN
fbem-31293	174	22	2	2	NUM
fbem-31293	174	23	.	.	PUNCT
fbem-31293	174	24	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+∑𝑌𝑒𝑎𝑟𝐹𝐸	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+∑𝑌𝑒𝑎𝑟𝐹𝐸	NOUN
fbem-31293	175	1	+	+	NOUN
fbem-31293	175	2	∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖𝑡	∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖𝑡	ADJ
fbem-31293	175	3	(	(	PUNCT
fbem-31293	175	4	1	1	NUM
fbem-31293	175	5	)	)	PUNCT
fbem-31293	175	6	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+𝛽3𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1+∑𝑌𝑒𝑎𝑟𝐹𝐸+∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖𝑡	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+𝛽3𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1+∑𝑌𝑒𝑎𝑟𝐹𝐸+∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖𝑡	NUM
fbem-31293	175	7	(	(	PUNCT
fbem-31293	175	8	2	2	X
fbem-31293	175	9	)	)	PUNCT
fbem-31293	175	10	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+𝛽3𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽4𝑁𝐹𝑅𝑖𝑡–1*𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽5𝑁𝐹𝑅𝑖𝑡–12*𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽6𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1	𝐸𝑆𝐺𝑅𝑎𝑡𝑖𝑛𝑔𝑖𝑡=𝛽0+𝛽1𝑁𝐹𝑅𝑖𝑡–1+𝛽2𝑁𝐹𝑅𝑖𝑡–12+𝛽3𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽4𝑁𝐹𝑅𝑖𝑡–1*𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽5𝑁𝐹𝑅𝑖𝑡–12*𝐹𝑎𝑚𝑖𝑙𝑖𝑠𝑚𝑖𝑡–1+𝛽6𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1	VERB
fbem-31293	176	1	+	+	ADJ
fbem-31293	176	2	∑𝑌𝑒𝑎𝑟𝐹𝐸+∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖	∑𝑌𝑒𝑎𝑟𝐹𝐸+∑𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦𝐹𝐸+𝜀𝑖	SYM
fbem-31293	176	3	(	(	PUNCT
fbem-31293	176	4	3	3	X
fbem-31293	176	5	)	)	PUNCT
fbem-31293	176	6	in	in	ADP
fbem-31293	176	7	these	these	DET
fbem-31293	176	8	three	three	NUM
fbem-31293	176	9	models	model	NOUN
fbem-31293	176	10	,	,	PUNCT
fbem-31293	176	11	𝜀𝑖𝑡	𝜀𝑖𝑡	VERB
fbem-31293	176	12	is	be	AUX
fbem-31293	176	13	the	the	DET
fbem-31293	176	14	error	error	NOUN
fbem-31293	176	15	term	term	NOUN
fbem-31293	176	16	and	and	CCONJ
fbem-31293	176	17	the	the	DET
fbem-31293	176	18	subscripts	subscript	NOUN
fbem-31293	176	19	i	i	PRON
fbem-31293	176	20	and	and	CCONJ
fbem-31293	176	21	t	t	PROPN
fbem-31293	176	22	stand	stand	VERB
fbem-31293	176	23	for	for	ADP
fbem-31293	176	24	firms	firm	NOUN
fbem-31293	176	25	and	and	CCONJ
fbem-31293	176	26	time	time	NOUN
fbem-31293	176	27	,	,	PUNCT
fbem-31293	176	28	respectively	respectively	ADV
fbem-31293	176	29	.	.	PUNCT
fbem-31293	177	1	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠𝑖𝑡–1	NOUN
fbem-31293	177	2	denotes	denote	VERB
fbem-31293	177	3	all	all	DET
fbem-31293	177	4	the	the	DET
fbem-31293	177	5	control	control	NOUN
fbem-31293	177	6	variables	variable	NOUN
fbem-31293	177	7	.	.	PUNCT
fbem-31293	178	1	following	follow	VERB
fbem-31293	178	2	jaskiewicz	jaskiewicz	PROPN
fbem-31293	178	3	et	et	PROPN
fbem-31293	178	4	al	al	PROPN
fbem-31293	178	5	.	.	PUNCT
fbem-31293	179	1	[	[	X
fbem-31293	179	2	39	39	NUM
fbem-31293	179	3	]	]	PUNCT
fbem-31293	179	4	,	,	PUNCT
fbem-31293	179	5	all	all	DET
fbem-31293	179	6	variables	variable	NOUN
fbem-31293	179	7	are	be	AUX
fbem-31293	179	8	lagged	lag	VERB
fbem-31293	179	9	by	by	ADP
fbem-31293	179	10	1	1	NUM
fbem-31293	179	11	year	year	NOUN
fbem-31293	179	12	to	to	PART
fbem-31293	179	13	reduce	reduce	VERB
fbem-31293	179	14	the	the	DET
fbem-31293	179	15	threat	threat	NOUN
fbem-31293	179	16	of	of	ADP
fbem-31293	179	17	reverse	reverse	ADJ
fbem-31293	179	18	causality	causality	NOUN
fbem-31293	179	19	.	.	PUNCT
fbem-31293	180	1	moreover	moreover	ADV
fbem-31293	180	2	,	,	PUNCT
fbem-31293	180	3	i	i	PRON
fbem-31293	180	4	included	include	VERB
fbem-31293	180	5	year	year	NOUN
fbem-31293	180	6	and	and	CCONJ
fbem-31293	180	7	industry	industry	NOUN
fbem-31293	180	8	(	(	PUNCT
fbem-31293	180	9	9	9	NUM
fbem-31293	180	10	year	year	NOUN
fbem-31293	180	11	-	-	PUNCT
fbem-31293	180	12	dummies	dummy	NOUN
fbem-31293	180	13	and	and	CCONJ
fbem-31293	180	14	44	44	NUM
fbem-31293	180	15	industry	industry	NOUN
fbem-31293	180	16	dummies	dummy	NOUN
fbem-31293	180	17	)	)	PUNCT
fbem-31293	180	18	in	in	ADP
fbem-31293	180	19	the	the	DET
fbem-31293	180	20	models	model	NOUN
fbem-31293	180	21	to	to	PART
fbem-31293	180	22	account	account	VERB
fbem-31293	180	23	for	for	ADP
fbem-31293	180	24	within	within	ADP
fbem-31293	180	25	-	-	PUNCT
fbem-31293	180	26	group	group	NOUN
fbem-31293	180	27	variation	variation	NOUN
fbem-31293	180	28	over	over	ADP
fbem-31293	180	29	time	time	NOUN
fbem-31293	180	30	.	.	PUNCT
fbem-31293	181	1	moreover	moreover	ADV
fbem-31293	181	2	,	,	PUNCT
fbem-31293	181	3	following	follow	VERB
fbem-31293	181	4	haans	haans	PROPN
fbem-31293	181	5	et	et	PROPN
fbem-31293	181	6	al	al	PROPN
fbem-31293	181	7	.	.	PUNCT
fbem-31293	182	1	[	[	X
fbem-31293	182	2	35	35	NUM
fbem-31293	182	3	]	]	X
fbem-31293	182	4	,	,	PUNCT
fbem-31293	182	5	there	there	PRON
fbem-31293	182	6	are	be	VERB
fbem-31293	182	7	two	two	NUM
fbem-31293	182	8	major	major	ADJ
fbem-31293	182	9	steps	step	NOUN
fbem-31293	182	10	to	to	PART
fbem-31293	182	11	test	test	VERB
fbem-31293	182	12	the	the	DET
fbem-31293	182	13	moderation	moderation	NOUN
fbem-31293	182	14	of	of	ADP
fbem-31293	182	15	an	an	DET
fbem-31293	182	16	inverted	inverted	ADJ
fbem-31293	182	17	u	u	ADJ
fbem-31293	182	18	-	-	ADJ
fbem-31293	182	19	shaped	shape	VERB
fbem-31293	182	20	relationship	relationship	NOUN
fbem-31293	182	21	:	:	PUNCT
fbem-31293	182	22	the	the	DET
fbem-31293	182	23	shift	shift	NOUN
fbem-31293	182	24	of	of	ADP
fbem-31293	182	25	the	the	DET
fbem-31293	182	26	turning	turning	NOUN
fbem-31293	182	27	point	point	NOUN
fbem-31293	182	28	and	and	CCONJ
fbem-31293	182	29	the	the	DET
fbem-31293	182	30	change	change	NOUN
fbem-31293	182	31	in	in	ADP
fbem-31293	182	32	72	72	NUM
fbem-31293	182	33	the	the	DET
fbem-31293	182	34	curve	curve	NOUN
fbem-31293	182	35	’s	’s	PART
fbem-31293	182	36	shape	shape	NOUN
fbem-31293	182	37	.	.	PUNCT
fbem-31293	183	1	the	the	DET
fbem-31293	183	2	formulas	formula	NOUN
fbem-31293	183	3	to	to	PART
fbem-31293	183	4	determine	determine	VERB
fbem-31293	183	5	the	the	DET
fbem-31293	183	6	turning	turning	NOUN
fbem-31293	183	7	point	point	NOUN
fbem-31293	183	8	are	be	AUX
fbem-31293	183	9	stated	state	VERB
fbem-31293	183	10	as	as	SCONJ
fbem-31293	183	11	follows	follow	VERB
fbem-31293	183	12	:	:	PUNCT
fbem-31293	183	13	the	the	DET
fbem-31293	183	14	formula	formula	NOUN
fbem-31293	183	15	to	to	PART
fbem-31293	183	16	calculate	calculate	VERB
fbem-31293	183	17	the	the	DET
fbem-31293	183	18	turning	turning	NOUN
fbem-31293	183	19	point	point	NOUN
fbem-31293	183	20	is	be	AUX
fbem-31293	183	21	:	:	PUNCT
fbem-31293	183	22	𝑋∗=	𝑋∗=	X
fbem-31293	183	23	–	–	PUNCT
fbem-31293	183	24	(	(	PUNCT
fbem-31293	183	25	β1+β3m)/	β1+β3m)/	NOUN
fbem-31293	183	26	(	(	PUNCT
fbem-31293	183	27	2β2+β4	2β2+β4	NUM
fbem-31293	183	28	m	m	NOUN
fbem-31293	183	29	)	)	PUNCT
fbem-31293	183	30	the	the	DET
fbem-31293	183	31	formula	formula	NOUN
fbem-31293	183	32	to	to	PART
fbem-31293	183	33	determine	determine	VERB
fbem-31293	183	34	the	the	DET
fbem-31293	183	35	shift	shift	NOUN
fbem-31293	183	36	of	of	ADP
fbem-31293	183	37	turning	turn	VERB
fbem-31293	183	38	point	point	NOUN
fbem-31293	183	39	is	be	AUX
fbem-31293	183	40	:	:	PUNCT
fbem-31293	183	41	δm	δm	PROPN
fbem-31293	183	42	/	/	SYM
fbem-31293	183	43	δx*=(β1β4	δx*=(β1β4	NOUN
fbem-31293	183	44	–	–	PUNCT
fbem-31293	183	45	β2β3)/2(β2+β4	β2β3)/2(β2+β4	SYM
fbem-31293	183	46	m	m	NOUN
fbem-31293	183	47	)	)	PUNCT
fbem-31293	183	48	2	2	NUM
fbem-31293	183	49	4	4	NUM
fbem-31293	183	50	.	.	PUNCT
fbem-31293	183	51	results	result	VERB
fbem-31293	183	52	4.1	4.1	NUM
fbem-31293	183	53	.	.	PUNCT
fbem-31293	184	1	descriptive	descriptive	ADJ
fbem-31293	184	2	statistics	statistic	NOUN
fbem-31293	184	3	table	table	NOUN
fbem-31293	184	4	2	2	NUM
fbem-31293	184	5	presents	present	VERB
fbem-31293	184	6	the	the	DET
fbem-31293	184	7	descriptive	descriptive	ADJ
fbem-31293	184	8	statistics	statistic	NOUN
fbem-31293	184	9	for	for	ADP
fbem-31293	184	10	the	the	DET
fbem-31293	184	11	variables	variable	NOUN
fbem-31293	184	12	examined	examine	VERB
fbem-31293	184	13	in	in	ADP
fbem-31293	184	14	my	my	PRON
fbem-31293	184	15	study	study	NOUN
fbem-31293	184	16	.	.	PUNCT
fbem-31293	185	1	the	the	DET
fbem-31293	185	2	average	average	ADJ
fbem-31293	185	3	esgrating	esgrating	NOUN
fbem-31293	185	4	value	value	NOUN
fbem-31293	185	5	is	be	AUX
fbem-31293	185	6	4.182	4.182	NUM
fbem-31293	185	7	,	,	PUNCT
fbem-31293	185	8	the	the	DET
fbem-31293	185	9	standard	standard	ADJ
fbem-31293	185	10	deviation	deviation	NOUN
fbem-31293	185	11	is	be	AUX
fbem-31293	185	12	1.080	1.080	NUM
fbem-31293	185	13	,	,	PUNCT
fbem-31293	185	14	the	the	DET
fbem-31293	185	15	minimum	minimum	NOUN
fbem-31293	185	16	is	be	AUX
fbem-31293	185	17	1	1	NUM
fbem-31293	185	18	,	,	PUNCT
fbem-31293	185	19	and	and	CCONJ
fbem-31293	185	20	the	the	DET
fbem-31293	185	21	maximum	maximum	NOUN
fbem-31293	185	22	is	be	AUX
fbem-31293	185	23	8	8	NUM
fbem-31293	185	24	.	.	PUNCT
fbem-31293	186	1	these	these	DET
fbem-31293	186	2	results	result	NOUN
fbem-31293	186	3	are	be	AUX
fbem-31293	186	4	in	in	ADP
fbem-31293	186	5	line	line	NOUN
fbem-31293	186	6	with	with	ADP
fbem-31293	186	7	the	the	DET
fbem-31293	186	8	huazheng	huazheng	NOUN
fbem-31293	186	9	rating	rating	NOUN
fbem-31293	186	10	methodology	methodology	NOUN
fbem-31293	186	11	,	,	PUNCT
fbem-31293	186	12	indicating	indicate	VERB
fbem-31293	186	13	a	a	DET
fbem-31293	186	14	considerable	considerable	ADJ
fbem-31293	186	15	gap	gap	NOUN
fbem-31293	186	16	between	between	ADP
fbem-31293	186	17	different	different	ADJ
fbem-31293	186	18	enterprises	enterprise	NOUN
fbem-31293	186	19	.	.	PUNCT
fbem-31293	187	1	the	the	DET
fbem-31293	187	2	average	average	ADJ
fbem-31293	187	3	value	value	NOUN
fbem-31293	187	4	of	of	ADP
fbem-31293	187	5	nfr	nfr	PROPN
fbem-31293	187	6	is	be	AUX
fbem-31293	187	7	0.819	0.819	NUM
fbem-31293	187	8	.	.	PUNCT
fbem-31293	188	1	this	this	PRON
fbem-31293	188	2	reveals	reveal	VERB
fbem-31293	188	3	that	that	SCONJ
fbem-31293	188	4	on	on	ADP
fbem-31293	188	5	average	average	ADJ
fbem-31293	188	6	over	over	ADP
fbem-31293	188	7	80	80	NUM
fbem-31293	188	8	%	%	NOUN
fbem-31293	188	9	of	of	ADP
fbem-31293	188	10	the	the	DET
fbem-31293	188	11	tmt	tmt	PROPN
fbem-31293	188	12	members	member	NOUN
fbem-31293	188	13	are	be	AUX
fbem-31293	188	14	non	non	ADJ
fbem-31293	188	15	-	-	ADJ
fbem-31293	188	16	family	family	ADJ
fbem-31293	188	17	members	member	NOUN
fbem-31293	188	18	.	.	PUNCT
fbem-31293	189	1	additionally	additionally	ADV
fbem-31293	189	2	,	,	PUNCT
fbem-31293	189	3	the	the	DET
fbem-31293	189	4	family	family	NOUN
fbem-31293	189	5	firms	firm	NOUN
fbem-31293	189	6	in	in	ADP
fbem-31293	189	7	my	my	PRON
fbem-31293	189	8	sample	sample	NOUN
fbem-31293	189	9	have	have	VERB
fbem-31293	189	10	an	an	DET
fbem-31293	189	11	average	average	ADJ
fbem-31293	189	12	firm	firm	ADJ
fbem-31293	189	13	age	age	NOUN
fbem-31293	189	14	of	of	ADP
fbem-31293	189	15	18.35	18.35	NUM
fbem-31293	189	16	years	year	NOUN
fbem-31293	189	17	.	.	PUNCT
fbem-31293	190	1	the	the	DET
fbem-31293	190	2	other	other	ADJ
fbem-31293	190	3	variables	variable	NOUN
fbem-31293	190	4	are	be	AUX
fbem-31293	190	5	within	within	ADP
fbem-31293	190	6	reasonable	reasonable	ADJ
fbem-31293	190	7	ranges	range	NOUN
fbem-31293	190	8	.	.	PUNCT
fbem-31293	191	1	table	table	NOUN
fbem-31293	191	2	2	2	NUM
fbem-31293	191	3	.	.	PUNCT
fbem-31293	191	4	descriptive	descriptive	ADJ
fbem-31293	191	5	statistics	statistic	NOUN
fbem-31293	191	6	variables	variable	NOUN
fbem-31293	191	7	n	n	ADV
fbem-31293	191	8	mean	mean	VERB
fbem-31293	191	9	sd	sd	ADP
fbem-31293	191	10	min	min	PROPN
fbem-31293	191	11	max	max	PROPN
fbem-31293	191	12	esgrating	esgrate	VERB
fbem-31293	191	13	10,363	10,363	NUM
fbem-31293	191	14	4.182	4.182	NUM
fbem-31293	191	15	1.080	1.080	NUM
fbem-31293	191	16	1	1	NUM
fbem-31293	191	17	8	8	NUM
fbem-31293	191	18	nfr	nfr	NOUN
fbem-31293	191	19	10,363	10,363	NUM
fbem-31293	191	20	0.819	0.819	NUM
fbem-31293	191	21	0.159	0.159	NUM
fbem-31293	191	22	0.333	0.333	NUM
fbem-31293	191	23	1	1	NUM
fbem-31293	191	24	familism	familism	NOUN
fbem-31293	191	25	10,363	10,363	NUM
fbem-31293	191	26	0.921	0.921	NUM
fbem-31293	191	27	0.146	0.146	NUM
fbem-31293	191	28	0.694	0.694	NUM
fbem-31293	191	29	1.306	1.306	NUM
fbem-31293	191	30	size	size	NOUN
fbem-31293	191	31	10,363	10,363	NUM
fbem-31293	191	32	21.84	21.84	NUM
fbem-31293	191	33	1.002	1.002	NUM
fbem-31293	191	34	20.00	20.00	NUM
fbem-31293	191	35	24.92	24.92	NUM
fbem-31293	191	36	fage	fage	NOUN
fbem-31293	191	37	10,363	10,363	NUM
fbem-31293	191	38	18.35	18.35	NUM
fbem-31293	191	39	5.274	5.274	NUM
fbem-31293	191	40	8	8	NUM
fbem-31293	191	41	32	32	NUM
fbem-31293	191	42	lev	lev	NOUN
fbem-31293	191	43	10,363	10,363	NUM
fbem-31293	191	44	0.361	0.361	NUM
fbem-31293	191	45	0.179	0.179	NUM
fbem-31293	191	46	0.0524	0.0524	NUM
fbem-31293	191	47	0.821	0.821	NUM
fbem-31293	191	48	dual	dual	ADJ
fbem-31293	191	49	10,363	10,363	NUM
fbem-31293	191	50	0.415	0.415	NUM
fbem-31293	191	51	0.493	0.493	NUM
fbem-31293	191	52	0	0	SYM
fbem-31293	191	53	1	1	NUM
fbem-31293	191	54	top1	top1	NOUN
fbem-31293	191	55	10,363	10,363	NUM
fbem-31293	191	56	33.54	33.54	NUM
fbem-31293	191	57	13.40	13.40	NUM
fbem-31293	191	58	9.310	9.310	NUM
fbem-31293	191	59	69.99	69.99	NUM
fbem-31293	191	60	board	board	NOUN
fbem-31293	191	61	10,363	10,363	NUM
fbem-31293	191	62	2.068	2.068	NUM
fbem-31293	191	63	0.181	0.181	NUM
fbem-31293	191	64	1.609	1.609	NUM
fbem-31293	191	65	2.398	2.398	NUM
fbem-31293	191	66	inst	inst	NOUN
fbem-31293	191	67	10,363	10,363	NUM
fbem-31293	191	68	34.81	34.81	NUM
fbem-31293	191	69	25.38	25.38	NUM
fbem-31293	191	70	0.0402	0.0402	NUM
fbem-31293	191	71	88.79	88.79	NUM
fbem-31293	191	72	big4	big4	NOUN
fbem-31293	191	73	10,363	10,363	NUM
fbem-31293	191	74	0.027	0.027	NUM
fbem-31293	191	75	0.161	0.161	NUM
fbem-31293	191	76	0	0	NUM
fbem-31293	191	77	1	1	NUM
fbem-31293	191	78	tmtage	tmtage	NOUN
fbem-31293	191	79	10,363	10,363	NUM
fbem-31293	191	80	48.51	48.51	NUM
fbem-31293	191	81	3.062	3.062	NUM
fbem-31293	191	82	41.38	41.38	NUM
fbem-31293	191	83	56.40	56.40	NUM
fbem-31293	191	84	overseaback	overseaback	ADV
fbem-31293	191	85	10,363	10,363	NUM
fbem-31293	191	86	0.624	0.624	NUM
fbem-31293	191	87	0.484	0.484	NUM
fbem-31293	191	88	0	0	NUM
fbem-31293	191	89	1	1	NUM
fbem-31293	191	90	4.2	4.2	NUM
fbem-31293	191	91	.	.	PUNCT
fbem-31293	192	1	correlation	correlation	NOUN
fbem-31293	192	2	analysis	analysis	NOUN
fbem-31293	192	3	table	table	NOUN
fbem-31293	192	4	3	3	NUM
fbem-31293	192	5	.	.	X
fbem-31293	192	6	pairwise	pairwise	NOUN
fbem-31293	192	7	correlation	correlation	NOUN
fbem-31293	192	8	variables	variable	NOUN
fbem-31293	192	9	esgrating	esgrate	VERB
fbem-31293	192	10	nfr	nfr	PROPN
fbem-31293	192	11	familism	familism	NOUN
fbem-31293	192	12	size	size	NOUN
fbem-31293	192	13	lev	lev	NOUN
fbem-31293	192	14	inst	inst	PROPN
fbem-31293	192	15	dual	dual	ADJ
fbem-31293	192	16	top1	top1	PROPN
fbem-31293	192	17	fage	fage	PROPN
fbem-31293	192	18	board	board	PROPN
fbem-31293	192	19	big4	big4	PROPN
fbem-31293	192	20	tmtage	tmtage	NOUN
fbem-31293	192	21	overseaback	overseaback	VERB
fbem-31293	192	22	esgrating	esgrate	VERB
fbem-31293	192	23	1.000	1.000	NUM
fbem-31293	192	24	nfr	nfr	NOUN
fbem-31293	192	25	0.08	0.08	NUM
fbem-31293	192	26	*	*	PUNCT
fbem-31293	192	27	*	*	PUNCT
fbem-31293	192	28	*	*	PUNCT
fbem-31293	192	29	1.00	1.00	NUM
fbem-31293	192	30	0	0	NUM
fbem-31293	192	31	familism	familism	NOUN
fbem-31293	192	32	-0.010	-0.010	PUNCT
fbem-31293	192	33	0.04	0.04	NUM
fbem-31293	192	34	2	2	NUM
fbem-31293	192	35	*	*	PUNCT
fbem-31293	192	36	*	*	PUNCT
fbem-31293	192	37	*	*	PUNCT
fbem-31293	192	38	1.000	1.000	NUM
fbem-31293	192	39	size	size	NOUN
fbem-31293	192	40	0.085	0.085	NUM
fbem-31293	192	41	*	*	PUNCT
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fbem-31293	200	4	the	the	DET
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fbem-31293	201	5	r2	r2	PROPN
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fbem-31293	201	8	f	f	PROPN
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fbem-31293	201	10	together	together	ADV
fbem-31293	201	11	indicate	indicate	VERB
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fbem-31293	201	15	model	model	NOUN
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fbem-31293	202	1	hypothesis	hypothesis	NOUN
fbem-31293	202	2	1	1	NUM
fbem-31293	202	3	predicts	predict	VERB
fbem-31293	202	4	that	that	SCONJ
fbem-31293	202	5	nonfamily	nonfamily	NOUN
fbem-31293	202	6	management	management	NOUN
fbem-31293	202	7	has	have	VERB
fbem-31293	202	8	an	an	DET
fbem-31293	202	9	inverted	inverted	ADJ
fbem-31293	202	10	u	u	NOUN
fbem-31293	202	11	-	-	NOUN
fbem-31293	202	12	shape	shape	NOUN
fbem-31293	202	13	relationship	relationship	NOUN
fbem-31293	202	14	with	with	ADP
fbem-31293	202	15	esg	esg	PROPN
fbem-31293	202	16	performance	performance	NOUN
fbem-31293	202	17	.	.	PUNCT
fbem-31293	203	1	as	as	SCONJ
fbem-31293	203	2	model	model	NOUN
fbem-31293	203	3	1	1	NUM
fbem-31293	203	4	shows	show	NOUN
fbem-31293	203	5	,	,	PUNCT
fbem-31293	203	6	the	the	DET
fbem-31293	203	7	linear	linear	ADJ
fbem-31293	203	8	term	term	NOUN
fbem-31293	203	9	of	of	ADP
fbem-31293	203	10	nonfamily	nonfamily	NOUN
fbem-31293	203	11	manager	manager	NOUN
fbem-31293	203	12	involvement	involvement	NOUN
fbem-31293	203	13	is	be	AUX
fbem-31293	203	14	positive	positive	ADJ
fbem-31293	203	15	and	and	CCONJ
fbem-31293	203	16	significant	significant	ADJ
fbem-31293	203	17	(	(	PUNCT
fbem-31293	203	18	𝛽=1.96	𝛽=1.96	PROPN
fbem-31293	203	19	;	;	PUNCT
fbem-31293	203	20	𝑝<0.01	𝑝<0.01	PROPN
fbem-31293	203	21	)	)	PUNCT
fbem-31293	203	22	,	,	PUNCT
fbem-31293	203	23	and	and	CCONJ
fbem-31293	203	24	its	its	PRON
fbem-31293	203	25	quadratic	quadratic	ADJ
fbem-31293	203	26	term	term	NOUN
fbem-31293	203	27	is	be	AUX
fbem-31293	203	28	significant	significant	ADJ
fbem-31293	203	29	and	and	CCONJ
fbem-31293	203	30	negative	negative	ADJ
fbem-31293	203	31	(	(	PUNCT
fbem-31293	203	32	𝛽=-1.49	𝛽=-1.49	NUM
fbem-31293	203	33	;	;	PUNCT
fbem-31293	203	34	𝑝<0.01	𝑝<0.01	NUM
fbem-31293	203	35	)	)	PUNCT
fbem-31293	203	36	.	.	PUNCT
fbem-31293	204	1	after	after	ADP
fbem-31293	204	2	adding	add	VERB
fbem-31293	204	3	all	all	DET
fbem-31293	204	4	control	control	NOUN
fbem-31293	204	5	variables	variable	NOUN
fbem-31293	204	6	,	,	PUNCT
fbem-31293	204	7	the	the	DET
fbem-31293	204	8	linear	linear	ADJ
fbem-31293	204	9	term	term	NOUN
fbem-31293	204	10	is	be	AUX
fbem-31293	204	11	still	still	ADV
fbem-31293	204	12	positive	positive	ADJ
fbem-31293	204	13	(	(	PUNCT
fbem-31293	204	14	𝛽=2.43	𝛽=2.43	ADJ
fbem-31293	204	15	;	;	PUNCT
fbem-31293	204	16	𝑝<0.01	𝑝<0.01	PROPN
fbem-31293	204	17	)	)	PUNCT
fbem-31293	204	18	,	,	PUNCT
fbem-31293	204	19	while	while	SCONJ
fbem-31293	204	20	the	the	DET
fbem-31293	204	21	quadratic	quadratic	ADJ
fbem-31293	204	22	term	term	NOUN
fbem-31293	204	23	is	be	AUX
fbem-31293	204	24	still	still	ADV
fbem-31293	204	25	negative	negative	ADJ
fbem-31293	204	26	(	(	PUNCT
fbem-31293	204	27	𝛽=-1.90	𝛽=-1.90	NOUN
fbem-31293	204	28	;	;	PUNCT
fbem-31293	204	29	𝑝<0.01	𝑝<0.01	NUM
fbem-31293	204	30	)	)	PUNCT
fbem-31293	204	31	.	.	PUNCT
fbem-31293	205	1	the	the	DET
fbem-31293	205	2	coefficients	coefficient	NOUN
fbem-31293	205	3	of	of	ADP
fbem-31293	205	4	the	the	DET
fbem-31293	205	5	linear	linear	ADJ
fbem-31293	205	6	and	and	CCONJ
fbem-31293	205	7	quadratic	quadratic	ADJ
fbem-31293	205	8	terms	term	NOUN
fbem-31293	205	9	taken	take	VERB
fbem-31293	205	10	together	together	ADV
fbem-31293	205	11	are	be	AUX
fbem-31293	205	12	consistent	consistent	ADJ
fbem-31293	205	13	with	with	ADP
fbem-31293	205	14	an	an	DET
fbem-31293	205	15	inverted	inverted	ADJ
fbem-31293	205	16	u	u	NOUN
fbem-31293	205	17	-	-	NOUN
fbem-31293	205	18	shape	shape	ADJ
fbem-31293	205	19	effect	effect	NOUN
fbem-31293	205	20	of	of	ADP
fbem-31293	205	21	nonfamily	nonfamily	NOUN
fbem-31293	205	22	manager	manager	NOUN
fbem-31293	205	23	involvement	involvement	NOUN
fbem-31293	205	24	on	on	ADP
fbem-31293	205	25	esg	esg	PROPN
fbem-31293	205	26	rating	rating	NOUN
fbem-31293	205	27	.	.	PUNCT
fbem-31293	206	1	to	to	PART
fbem-31293	206	2	further	far	ADV
fbem-31293	206	3	validate	validate	VERB
fbem-31293	206	4	the	the	DET
fbem-31293	206	5	results	result	NOUN
fbem-31293	206	6	,	,	PUNCT
fbem-31293	206	7	u	u	NOUN
fbem-31293	206	8	-	-	NOUN
fbem-31293	206	9	test	test	NOUN
fbem-31293	206	10	procedures	procedure	NOUN
fbem-31293	206	11	in	in	ADP
fbem-31293	206	12	stata	stata	NOUN
fbem-31293	206	13	were	be	AUX
fbem-31293	206	14	conducted	conduct	VERB
fbem-31293	206	15	,	,	PUNCT
fbem-31293	206	16	as	as	SCONJ
fbem-31293	206	17	shown	show	VERB
fbem-31293	206	18	in	in	ADP
fbem-31293	206	19	table	table	NOUN
fbem-31293	206	20	5	5	NUM
fbem-31293	206	21	.	.	PUNCT
fbem-31293	207	1	the	the	DET
fbem-31293	207	2	u	u	NOUN
fbem-31293	207	3	-	-	NOUN
fbem-31293	207	4	test	test	NOUN
fbem-31293	207	5	results	result	NOUN
fbem-31293	207	6	show	show	VERB
fbem-31293	207	7	that	that	SCONJ
fbem-31293	207	8	the	the	DET
fbem-31293	207	9	turning	turning	NOUN
fbem-31293	207	10	point	point	NOUN
fbem-31293	207	11	for	for	ADP
fbem-31293	207	12	model	model	NOUN
fbem-31293	207	13	2	2	NUM
fbem-31293	207	14	is	be	AUX
fbem-31293	207	15	at	at	ADP
fbem-31293	207	16	0.6414	0.6414	NUM
fbem-31293	207	17	,	,	PUNCT
fbem-31293	207	18	which	which	PRON
fbem-31293	207	19	falls	fall	VERB
fbem-31293	207	20	within	within	ADP
fbem-31293	207	21	the	the	DET
fbem-31293	207	22	nfr	nfr	PROPN
fbem-31293	207	23	range	range	NOUN
fbem-31293	207	24	(	(	PUNCT
fbem-31293	207	25	0.33	0.33	NUM
fbem-31293	207	26	,	,	PUNCT
fbem-31293	207	27	1	1	NUM
fbem-31293	207	28	)	)	PUNCT
fbem-31293	207	29	.	.	PUNCT
fbem-31293	208	1	additionally	additionally	ADV
fbem-31293	208	2	,	,	PUNCT
fbem-31293	208	3	the	the	DET
fbem-31293	208	4	slopes	slope	NOUN
fbem-31293	208	5	on	on	ADP
fbem-31293	208	6	both	both	DET
fbem-31293	208	7	sides	side	NOUN
fbem-31293	208	8	of	of	ADP
fbem-31293	208	9	the	the	DET
fbem-31293	208	10	curve	curve	NOUN
fbem-31293	208	11	align	align	NOUN
fbem-31293	208	12	with	with	ADP
fbem-31293	208	13	expectations	expectation	NOUN
fbem-31293	208	14	(	(	PUNCT
fbem-31293	208	15	slopeleft=1.17	slopeleft=1.17	X
fbem-31293	208	16	,	,	PUNCT
fbem-31293	208	17	𝑝<0.01	𝑝<0.01	PROPN
fbem-31293	208	18	;	;	PUNCT
fbem-31293	208	19	sloperight=-1.36	sloperight=-1.36	ADJ
fbem-31293	208	20	,	,	PUNCT
fbem-31293	208	21	𝑝<0.01	𝑝<0.01	PROPN
fbem-31293	208	22	)	)	PUNCT
fbem-31293	208	23	.	.	PUNCT
fbem-31293	209	1	thus	thus	ADV
fbem-31293	209	2	,	,	PUNCT
fbem-31293	209	3	hypothesis	hypothesis	NOUN
fbem-31293	209	4	1	1	NUM
fbem-31293	209	5	is	be	AUX
fbem-31293	209	6	supported	support	VERB
fbem-31293	209	7	.	.	PUNCT
fbem-31293	210	1	73	73	NUM
fbem-31293	211	1	i	i	PRON
fbem-31293	211	2	then	then	ADV
fbem-31293	211	3	used	use	VERB
fbem-31293	211	4	the	the	DET
fbem-31293	211	5	twoway	twoway	NOUN
fbem-31293	211	6	and	and	CCONJ
fbem-31293	211	7	margins	margin	VERB
fbem-31293	211	8	commands	command	NOUN
fbem-31293	211	9	in	in	ADP
fbem-31293	211	10	stata	stata	NOUN
fbem-31293	211	11	to	to	PART
fbem-31293	211	12	plot	plot	VERB
fbem-31293	211	13	the	the	DET
fbem-31293	211	14	estimated	estimate	VERB
fbem-31293	211	15	esg	esg	NOUN
fbem-31293	211	16	performance	performance	NOUN
fbem-31293	211	17	at	at	ADP
fbem-31293	211	18	the	the	DET
fbem-31293	211	19	increasing	increase	VERB
fbem-31293	211	20	level	level	NOUN
fbem-31293	211	21	of	of	ADP
fbem-31293	211	22	nonfamily	nonfamily	NOUN
fbem-31293	211	23	manager	manager	NOUN
fbem-31293	211	24	involvement	involvement	NOUN
fbem-31293	211	25	(	(	PUNCT
fbem-31293	211	26	model	model	NOUN
fbem-31293	211	27	2	2	NUM
fbem-31293	211	28	)	)	PUNCT
fbem-31293	211	29	and	and	CCONJ
fbem-31293	211	30	obtained	obtain	VERB
fbem-31293	211	31	adjusted	adjusted	ADJ
fbem-31293	211	32	predictions	prediction	NOUN
fbem-31293	211	33	at	at	ADP
fbem-31293	211	34	representative	representative	ADJ
fbem-31293	211	35	values	value	NOUN
fbem-31293	211	36	as	as	SCONJ
fbem-31293	211	37	described	describe	VERB
fbem-31293	211	38	by	by	ADP
fbem-31293	211	39	williams	williams	PROPN
fbem-31293	211	40	(	(	PUNCT
fbem-31293	211	41	2012	2012	NUM
fbem-31293	211	42	)	)	PUNCT
fbem-31293	211	43	.	.	PUNCT
fbem-31293	212	1	figure	figure	NOUN
fbem-31293	212	2	4	4	NUM
fbem-31293	212	3	demonstrates	demonstrate	VERB
fbem-31293	212	4	a	a	DET
fbem-31293	212	5	nonlinear	nonlinear	ADJ
fbem-31293	212	6	relationship	relationship	NOUN
fbem-31293	212	7	between	between	ADP
fbem-31293	212	8	the	the	DET
fbem-31293	212	9	proportion	proportion	NOUN
fbem-31293	212	10	of	of	ADP
fbem-31293	212	11	nonfamily	nonfamily	NOUN
fbem-31293	212	12	managers	manager	NOUN
fbem-31293	212	13	and	and	CCONJ
fbem-31293	212	14	esg	esg	NOUN
fbem-31293	212	15	ratings	rating	NOUN
fbem-31293	212	16	.	.	PUNCT
fbem-31293	213	1	the	the	DET
fbem-31293	213	2	curve	curve	NOUN
fbem-31293	213	3	reaches	reach	VERB
fbem-31293	213	4	its	its	PRON
fbem-31293	213	5	maximum	maximum	NOUN
fbem-31293	213	6	at	at	ADP
fbem-31293	213	7	a	a	DET
fbem-31293	213	8	nonfamily	nonfamily	NOUN
fbem-31293	213	9	manager	manager	NOUN
fbem-31293	213	10	involvement	involvement	NOUN
fbem-31293	213	11	value	value	NOUN
fbem-31293	213	12	at	at	ADP
fbem-31293	213	13	64	64	NUM
fbem-31293	213	14	%	%	NOUN
fbem-31293	213	15	and	and	CCONJ
fbem-31293	213	16	then	then	ADV
fbem-31293	213	17	begins	begin	VERB
fbem-31293	213	18	to	to	PART
fbem-31293	213	19	decline	decline	VERB
fbem-31293	213	20	.	.	PUNCT
fbem-31293	214	1	hypothesis	hypothesis	NOUN
fbem-31293	214	2	2	2	NUM
fbem-31293	214	3	proposes	propose	VERB
fbem-31293	214	4	that	that	SCONJ
fbem-31293	214	5	the	the	DET
fbem-31293	214	6	inverted	invert	VERB
fbem-31293	214	7	u	u	ADJ
fbem-31293	214	8	-	-	ADJ
fbem-31293	214	9	shaped	shape	VERB
fbem-31293	214	10	relationship	relationship	NOUN
fbem-31293	214	11	between	between	ADP
fbem-31293	214	12	nonfamily	nonfamily	NOUN
fbem-31293	214	13	manager	manager	NOUN
fbem-31293	214	14	involvement	involvement	NOUN
fbem-31293	214	15	and	and	CCONJ
fbem-31293	214	16	esg	esg	NOUN
fbem-31293	214	17	performance	performance	NOUN
fbem-31293	214	18	is	be	AUX
fbem-31293	214	19	strengthened	strengthen	VERB
fbem-31293	214	20	by	by	ADP
fbem-31293	214	21	familism	familism	NOUN
fbem-31293	214	22	culture	culture	NOUN
fbem-31293	214	23	.	.	PUNCT
fbem-31293	215	1	to	to	PART
fbem-31293	215	2	evaluate	evaluate	VERB
fbem-31293	215	3	the	the	DET
fbem-31293	215	4	evidence	evidence	NOUN
fbem-31293	215	5	for	for	ADP
fbem-31293	215	6	hypothesis	hypothesis	NOUN
fbem-31293	215	7	2	2	NUM
fbem-31293	215	8	,	,	PUNCT
fbem-31293	215	9	following	follow	VERB
fbem-31293	215	10	haans	haan	NOUN
fbem-31293	215	11	et	et	PROPN
fbem-31293	215	12	al	al	PROPN
fbem-31293	215	13	.	.	PUNCT
fbem-31293	216	1	(	(	PUNCT
fbem-31293	216	2	2016	2016	NUM
fbem-31293	216	3	)	)	PUNCT
fbem-31293	216	4	,	,	PUNCT
fbem-31293	216	5	i	i	PRON
fbem-31293	216	6	added	add	VERB
fbem-31293	216	7	the	the	DET
fbem-31293	216	8	moderating	moderate	VERB
fbem-31293	216	9	variable	variable	NOUN
fbem-31293	216	10	(	(	PUNCT
fbem-31293	216	11	familism	familism	NOUN
fbem-31293	216	12	)	)	PUNCT
fbem-31293	216	13	and	and	CCONJ
fbem-31293	216	14	two	two	NUM
fbem-31293	216	15	interaction	interaction	NOUN
fbem-31293	216	16	terms	term	NOUN
fbem-31293	216	17	(	(	PUNCT
fbem-31293	216	18	familism*nfr	familism*nfr	ADJ
fbem-31293	216	19	;	;	PUNCT
fbem-31293	216	20	familism*nfr2	familism*nfr2	NOUN
fbem-31293	216	21	)	)	PUNCT
fbem-31293	216	22	in	in	ADP
fbem-31293	216	23	model3	model3	PROPN
fbem-31293	216	24	.	.	PUNCT
fbem-31293	217	1	as	as	SCONJ
fbem-31293	217	2	shown	show	VERB
fbem-31293	217	3	in	in	ADP
fbem-31293	217	4	model3	model3	ADJ
fbem-31293	217	5	,	,	PUNCT
fbem-31293	217	6	both	both	DET
fbem-31293	217	7	interaction	interaction	NOUN
fbem-31293	217	8	terms	term	NOUN
fbem-31293	217	9	are	be	AUX
fbem-31293	217	10	significantly	significantly	ADV
fbem-31293	217	11	related	relate	VERB
fbem-31293	217	12	to	to	ADP
fbem-31293	217	13	esgratings	esgrating	NOUN
fbem-31293	217	14	.	.	PUNCT
fbem-31293	218	1	for	for	ADP
fbem-31293	218	2	“	"	PUNCT
fbem-31293	218	3	familism*nfr	familism*nfr	NOUN
fbem-31293	218	4	”	"	PUNCT
fbem-31293	218	5	,	,	PUNCT
fbem-31293	218	6	the	the	DET
fbem-31293	218	7	coefficient	coefficient	NOUN
fbem-31293	218	8	was	be	AUX
fbem-31293	218	9	positive	positive	ADJ
fbem-31293	218	10	and	and	CCONJ
fbem-31293	218	11	significant	significant	ADJ
fbem-31293	218	12	(	(	PUNCT
fbem-31293	218	13	𝛽=8.79	𝛽=8.79	NOUN
fbem-31293	218	14	;	;	PUNCT
fbem-31293	218	15	𝑝<0.05	𝑝<0.05	NOUN
fbem-31293	218	16	)	)	PUNCT
fbem-31293	218	17	while	while	SCONJ
fbem-31293	218	18	for	for	ADP
fbem-31293	218	19	“	"	PUNCT
fbem-31293	218	20	familism	familism	NOUN
fbem-31293	218	21	*	*	SYM
fbem-31293	218	22	nfr2	nfr2	PROPN
fbem-31293	218	23	”	"	PUNCT
fbem-31293	218	24	,	,	PUNCT
fbem-31293	218	25	the	the	DET
fbem-31293	218	26	coefficient	coefficient	NOUN
fbem-31293	218	27	was	be	AUX
fbem-31293	218	28	negative	negative	ADJ
fbem-31293	218	29	and	and	CCONJ
fbem-31293	218	30	significant	significant	ADJ
fbem-31293	218	31	(	(	PUNCT
fbem-31293	218	32	𝛽=-5.57	𝛽=-5.57	NUM
fbem-31293	218	33	;	;	PUNCT
fbem-31293	218	34	𝑝<0.05	𝑝<0.05	PROPN
fbem-31293	218	35	)	)	PUNCT
fbem-31293	218	36	.	.	PUNCT
fbem-31293	219	1	therefore	therefore	ADV
fbem-31293	219	2	,	,	PUNCT
fbem-31293	219	3	both	both	DET
fbem-31293	219	4	hypothesis	hypothesis	NOUN
fbem-31293	219	5	2a	2a	NUM
fbem-31293	219	6	and	and	CCONJ
fbem-31293	219	7	2b	2b	NOUN
fbem-31293	219	8	are	be	AUX
fbem-31293	219	9	supported	support	VERB
fbem-31293	219	10	.	.	PUNCT
fbem-31293	220	1	following	follow	VERB
fbem-31293	220	2	the	the	DET
fbem-31293	220	3	procedures	procedure	NOUN
fbem-31293	220	4	in	in	ADP
fbem-31293	220	5	the	the	DET
fbem-31293	220	6	main	main	ADJ
fbem-31293	220	7	effect	effect	NOUN
fbem-31293	220	8	,	,	PUNCT
fbem-31293	220	9	figure	figure	NOUN
fbem-31293	220	10	5	5	NUM
fbem-31293	220	11	demonstrates	demonstrate	VERB
fbem-31293	220	12	the	the	DET
fbem-31293	220	13	adjusted	adjust	VERB
fbem-31293	220	14	predictions	prediction	NOUN
fbem-31293	220	15	of	of	ADP
fbem-31293	220	16	the	the	DET
fbem-31293	220	17	moderating	moderate	VERB
fbem-31293	220	18	variable	variable	ADJ
fbem-31293	220	19	“	"	PUNCT
fbem-31293	220	20	familism	familism	NOUN
fbem-31293	220	21	”	"	PUNCT
fbem-31293	220	22	.	.	PUNCT
fbem-31293	221	1	it	it	PRON
fbem-31293	221	2	shows	show	VERB
fbem-31293	221	3	that	that	SCONJ
fbem-31293	221	4	for	for	ADP
fbem-31293	221	5	family	family	NOUN
fbem-31293	221	6	firms	firm	NOUN
fbem-31293	221	7	with	with	ADP
fbem-31293	221	8	stronger	strong	ADJ
fbem-31293	221	9	emphasis	emphasis	NOUN
fbem-31293	221	10	on	on	ADP
fbem-31293	221	11	the	the	DET
fbem-31293	221	12	familism	familism	NOUN
fbem-31293	221	13	culture	culture	NOUN
fbem-31293	221	14	,	,	PUNCT
fbem-31293	221	15	the	the	DET
fbem-31293	221	16	inverted	inverted	ADJ
fbem-31293	221	17	ushaped	ushaped	ADJ
fbem-31293	221	18	relationship	relationship	NOUN
fbem-31293	221	19	is	be	AUX
fbem-31293	221	20	steeper	steep	ADJ
fbem-31293	221	21	,	,	PUNCT
fbem-31293	221	22	and	and	CCONJ
fbem-31293	221	23	the	the	DET
fbem-31293	221	24	turning	turning	NOUN
fbem-31293	221	25	point	point	NOUN
fbem-31293	221	26	shifts	shift	NOUN
fbem-31293	221	27	to	to	ADP
fbem-31293	221	28	the	the	DET
fbem-31293	221	29	right	right	NOUN
fbem-31293	221	30	(	(	PUNCT
fbem-31293	221	31	0.6538	0.6538	NUM
fbem-31293	221	32	)	)	PUNCT
fbem-31293	221	33	.	.	PUNCT
fbem-31293	222	1	this	this	PRON
fbem-31293	222	2	is	be	AUX
fbem-31293	222	3	consistent	consistent	ADJ
fbem-31293	222	4	with	with	ADP
fbem-31293	222	5	hypothesis	hypothesis	NOUN
fbem-31293	222	6	2a	2a	NUM
fbem-31293	222	7	.	.	PUNCT
fbem-31293	223	1	thus	thus	ADV
fbem-31293	223	2	,	,	PUNCT
fbem-31293	223	3	i	i	PRON
fbem-31293	223	4	reject	reject	VERB
fbem-31293	223	5	hypothesis	hypothesis	NOUN
fbem-31293	223	6	2b	2b	NOUN
fbem-31293	223	7	.	.	PUNCT
fbem-31293	224	1	table	table	NOUN
fbem-31293	224	2	4	4	NUM
fbem-31293	224	3	.	.	PUNCT
fbem-31293	224	4	fixed	fix	VERB
fbem-31293	224	5	-	-	PUNCT
fbem-31293	224	6	effects	effect	NOUN
fbem-31293	224	7	regression	regression	NOUN
fbem-31293	224	8	results	result	NOUN
fbem-31293	224	9	model	model	VERB
fbem-31293	224	10	1	1	NUM
fbem-31293	224	11	model	model	NOUN
fbem-31293	224	12	2	2	NUM
fbem-31293	224	13	model	model	NOUN
fbem-31293	224	14	3	3	NUM
fbem-31293	224	15	nfr	nfr	PROPN
fbem-31293	224	16	1.961	1.961	NUM
fbem-31293	224	17	*	*	PUNCT
fbem-31293	224	18	*	*	PUNCT
fbem-31293	224	19	*	*	PUNCT
fbem-31293	224	20	2.432	2.432	NUM
fbem-31293	224	21	*	*	PUNCT
fbem-31293	224	22	*	*	PUNCT
fbem-31293	224	23	*	*	PUNCT
fbem-31293	224	24	2.639	2.639	NUM
fbem-31293	224	25	*	*	PUNCT
fbem-31293	224	26	*	*	PUNCT
fbem-31293	224	27	*	*	PUNCT
fbem-31293	224	28	nfr2	nfr2	PROPN
fbem-31293	224	29	(	(	PUNCT
fbem-31293	224	30	3.90	3.90	NUM
fbem-31293	224	31	)	)	PUNCT
fbem-31293	224	32	-1.488	-1.488	NOUN
fbem-31293	224	33	*	*	PUNCT
fbem-31293	224	34	*	*	PUNCT
fbem-31293	224	35	*	*	PUNCT
fbem-31293	224	36	(	(	PUNCT
fbem-31293	224	37	4.88	4.88	NUM
fbem-31293	224	38	)	)	PUNCT
fbem-31293	224	39	-1.896	-1.896	NOUN
fbem-31293	224	40	*	*	PUNCT
fbem-31293	224	41	*	*	PUNCT
fbem-31293	224	42	*	*	PUNCT
fbem-31293	224	43	(	(	PUNCT
fbem-31293	224	44	5.18	5.18	NUM
fbem-31293	224	45	)	)	PUNCT
fbem-31293	224	46	-2.018	-2.018	PUNCT
fbem-31293	225	1	*	*	PUNCT
fbem-31293	225	2	*	*	PUNCT
fbem-31293	225	3	*	*	PUNCT
fbem-31293	225	4	(	(	PUNCT
fbem-31293	225	5	-4.53	-4.53	NOUN
fbem-31293	225	6	)	)	PUNCT
fbem-31293	225	7	(	(	PUNCT
fbem-31293	225	8	-5.75	-5.75	NOUN
fbem-31293	225	9	)	)	PUNCT
fbem-31293	225	10	(	(	PUNCT
fbem-31293	225	11	-6.02	-6.02	X
fbem-31293	225	12	)	)	PUNCT
fbem-31293	225	13	familism	familism	NOUN
fbem-31293	225	14	-0.059	-0.059	PUNCT
fbem-31293	225	15	(	(	PUNCT
fbem-31293	225	16	-0.84	-0.84	NOUN
fbem-31293	225	17	)	)	PUNCT
fbem-31293	225	18	familism*nfr	familism*nfr	NOUN
fbem-31293	225	19	8.691	8.691	NUM
fbem-31293	225	20	*	*	NOUN
fbem-31293	225	21	*	*	NOUN
fbem-31293	225	22	familism*nfr2	familism*nfr2	NOUN
fbem-31293	225	23	(	(	PUNCT
fbem-31293	225	24	2.34	2.34	NUM
fbem-31293	225	25	)	)	PUNCT
fbem-31293	225	26	-5.574	-5.574	NOUN
fbem-31293	226	1	*	*	PUNCT
fbem-31293	226	2	*	*	PUNCT
fbem-31293	226	3	(	(	PUNCT
fbem-31293	226	4	-2.32	-2.32	NOUN
fbem-31293	226	5	)	)	PUNCT
fbem-31293	226	6	size	size	NOUN
fbem-31293	226	7	0.246	0.246	NUM
fbem-31293	226	8	*	*	PUNCT
fbem-31293	226	9	*	*	PUNCT
fbem-31293	226	10	*	*	PUNCT
fbem-31293	226	11	(	(	PUNCT
fbem-31293	226	12	18.37	18.37	NUM
fbem-31293	226	13	)	)	PUNCT
fbem-31293	226	14	0.246	0.246	NUM
fbem-31293	226	15	*	*	PUNCT
fbem-31293	227	1	*	*	PUNCT
fbem-31293	227	2	*	*	PUNCT
fbem-31293	227	3	(	(	PUNCT
fbem-31293	227	4	18.35	18.35	NUM
fbem-31293	227	5	)	)	PUNCT
fbem-31293	227	6	lev	lev	NOUN
fbem-31293	227	7	-1.271	-1.271	PUNCT
fbem-31293	227	8	*	*	PUNCT
fbem-31293	227	9	*	*	PUNCT
fbem-31293	227	10	*	*	PUNCT
fbem-31293	227	11	-1.271	-1.271	PUNCT
fbem-31293	227	12	*	*	PUNCT
fbem-31293	227	13	*	*	PUNCT
fbem-31293	227	14	*	*	PUNCT
fbem-31293	227	15	(	(	PUNCT
fbem-31293	227	16	-18.36	-18.36	NOUN
fbem-31293	227	17	)	)	PUNCT
fbem-31293	227	18	(	(	PUNCT
fbem-31293	227	19	-18.35	-18.35	NOUN
fbem-31293	227	20	)	)	PUNCT
fbem-31293	227	21	inst	inst	NOUN
fbem-31293	227	22	-0.001	-0.001	X
fbem-31293	227	23	-0.001	-0.001	PUNCT
fbem-31293	227	24	(	(	PUNCT
fbem-31293	227	25	-1.19	-1.19	NOUN
fbem-31293	227	26	)	)	PUNCT
fbem-31293	227	27	(	(	PUNCT
fbem-31293	227	28	-1.15	-1.15	NOUN
fbem-31293	227	29	)	)	PUNCT
fbem-31293	227	30	dual	dual	ADJ
fbem-31293	227	31	-0.085	-0.085	NOUN
fbem-31293	227	32	*	*	PUNCT
fbem-31293	227	33	*	*	PUNCT
fbem-31293	227	34	*	*	PUNCT
fbem-31293	227	35	(	(	PUNCT
fbem-31293	227	36	-3.75	-3.75	PROPN
fbem-31293	227	37	)	)	PUNCT
fbem-31293	227	38	-0.085	-0.085	NOUN
fbem-31293	228	1	*	*	PUNCT
fbem-31293	228	2	*	*	PUNCT
fbem-31293	228	3	*	*	PUNCT
fbem-31293	228	4	(	(	PUNCT
fbem-31293	228	5	-3.71	-3.71	NOUN
fbem-31293	228	6	)	)	PUNCT
fbem-31293	228	7	top1	top1	NOUN
fbem-31293	228	8	0.003	0.003	NUM
fbem-31293	228	9	*	*	PUNCT
fbem-31293	228	10	*	*	PUNCT
fbem-31293	229	1	*	*	PUNCT
fbem-31293	229	2	0.003	0.003	NUM
fbem-31293	229	3	*	*	PUNCT
fbem-31293	229	4	*	*	PUNCT
fbem-31293	229	5	*	*	PUNCT
fbem-31293	229	6	(	(	PUNCT
fbem-31293	229	7	3.10	3.10	NUM
fbem-31293	229	8	)	)	PUNCT
fbem-31293	229	9	(	(	PUNCT
fbem-31293	229	10	3.21	3.21	NUM
fbem-31293	229	11	)	)	PUNCT
fbem-31293	229	12	fage	fage	NOUN
fbem-31293	229	13	-0.008	-0.008	NOUN
fbem-31293	229	14	*	*	PUNCT
fbem-31293	229	15	*	*	PUNCT
fbem-31293	229	16	*	*	PUNCT
fbem-31293	229	17	-0.008	-0.008	NOUN
fbem-31293	229	18	*	*	PUNCT
fbem-31293	229	19	*	*	PUNCT
fbem-31293	229	20	*	*	PUNCT
fbem-31293	229	21	(	(	PUNCT
fbem-31293	229	22	-3.83	-3.83	NOUN
fbem-31293	229	23	)	)	PUNCT
fbem-31293	229	24	(	(	PUNCT
fbem-31293	229	25	-3.91	-3.91	X
fbem-31293	229	26	)	)	PUNCT
fbem-31293	229	27	board	board	NOUN
fbem-31293	229	28	-0.037	-0.037	SYM
fbem-31293	229	29	-0.037	-0.037	PUNCT
fbem-31293	229	30	(	(	PUNCT
fbem-31293	229	31	-0.64	-0.64	NOUN
fbem-31293	229	32	)	)	PUNCT
fbem-31293	229	33	(	(	PUNCT
fbem-31293	229	34	-0.64	-0.64	X
fbem-31293	229	35	)	)	PUNCT
fbem-31293	229	36	big4	big4	NOUN
fbem-31293	229	37	-0.037	-0.037	X
fbem-31293	229	38	-0.036	-0.036	X
fbem-31293	229	39	(	(	PUNCT
fbem-31293	229	40	-0.58	-0.58	NUM
fbem-31293	229	41	)	)	PUNCT
fbem-31293	229	42	(	(	PUNCT
fbem-31293	229	43	-0.57	-0.57	X
fbem-31293	229	44	)	)	PUNCT
fbem-31293	229	45	tmtage	tmtage	NOUN
fbem-31293	229	46	0.018	0.018	NUM
fbem-31293	229	47	*	*	PUNCT
fbem-31293	229	48	*	*	PUNCT
fbem-31293	229	49	*	*	NOUN
fbem-31293	229	50	0.018	0.018	NUM
fbem-31293	229	51	*	*	PUNCT
fbem-31293	229	52	*	*	PUNCT
fbem-31293	229	53	*	*	PUNCT
fbem-31293	229	54	(	(	PUNCT
fbem-31293	229	55	5.29	5.29	NUM
fbem-31293	229	56	)	)	PUNCT
fbem-31293	229	57	(	(	PUNCT
fbem-31293	229	58	5.25	5.25	NUM
fbem-31293	229	59	)	)	PUNCT
fbem-31293	229	60	overseaback	overseaback	ADP
fbem-31293	229	61	-0.041	-0.041	PRON
fbem-31293	229	62	*	*	PUNCT
fbem-31293	229	63	*	*	PUNCT
fbem-31293	229	64	(	(	PUNCT
fbem-31293	229	65	-1.96	-1.96	NUM
fbem-31293	229	66	)	)	PUNCT
fbem-31293	230	1	-0.041	-0.041	PUNCT
fbem-31293	230	2	*	*	PUNCT
fbem-31293	230	3	*	*	PUNCT
fbem-31293	230	4	(	(	PUNCT
fbem-31293	230	5	-1.96	-1.96	NUM
fbem-31293	230	6	)	)	PUNCT
fbem-31293	231	1	_	_	NOUN
fbem-31293	231	2	cons	con	NOUN
fbem-31293	231	3	3.558	3.558	NUM
fbem-31293	231	4	*	*	PUNCT
fbem-31293	231	5	*	*	PUNCT
fbem-31293	231	6	*	*	PUNCT
fbem-31293	231	7	-2.127	-2.127	NOUN
fbem-31293	231	8	*	*	PUNCT
fbem-31293	231	9	*	*	PUNCT
fbem-31293	231	10	*	*	PUNCT
fbem-31293	232	1	-2.151	-2.151	PUNCT
fbem-31293	232	2	*	*	PUNCT
fbem-31293	232	3	*	*	PUNCT
fbem-31293	232	4	*	*	PUNCT
fbem-31293	232	5	(	(	PUNCT
fbem-31293	232	6	18.93	18.93	NUM
fbem-31293	232	7	)	)	PUNCT
fbem-31293	232	8	(	(	PUNCT
fbem-31293	232	9	-5.82	-5.82	NOUN
fbem-31293	232	10	)	)	PUNCT
fbem-31293	232	11	(	(	PUNCT
fbem-31293	232	12	-5.84	-5.84	NOUN
fbem-31293	232	13	)	)	PUNCT
fbem-31293	232	14	year	year	NOUN
fbem-31293	232	15	fe	fe	INTJ
fbem-31293	233	1	yes	yes	INTJ
fbem-31293	233	2	yes	yes	INTJ
fbem-31293	233	3	yes	yes	INTJ
fbem-31293	234	1	industry	industry	NOUN
fbem-31293	234	2	fe	fe	INTJ
fbem-31293	235	1	yes	yes	INTJ
fbem-31293	235	2	yes	yes	INTJ
fbem-31293	236	1	yes	yes	INTJ
fbem-31293	236	2	n	n	ADV
fbem-31293	236	3	10363	10363	NUM
fbem-31293	236	4	10363	10363	NUM
fbem-31293	236	5	10363	10363	NUM
fbem-31293	236	6	r2	r2	NOUN
fbem-31293	236	7	0.058	0.058	NUM
fbem-31293	236	8	0.111	0.111	NUM
fbem-31293	236	9	0.111	0.111	NUM
fbem-31293	236	10	f	f	PROPN
fbem-31293	236	11	-	-	PUNCT
fbem-31293	236	12	statistics	statistic	VERB
fbem-31293	236	13	20.33	20.33	NUM
fbem-31293	236	14	*	*	PUNCT
fbem-31293	236	15	*	*	PUNCT
fbem-31293	236	16	*	*	PUNCT
fbem-31293	237	1	53.41	53.41	NUM
fbem-31293	237	2	*	*	PUNCT
fbem-31293	237	3	*	*	PUNCT
fbem-31293	237	4	*	*	PUNCT
fbem-31293	237	5	43.19	43.19	NUM
fbem-31293	237	6	*	*	PUNCT
fbem-31293	237	7	*	*	PUNCT
fbem-31293	237	8	*	*	PUNCT
fbem-31293	238	1	*	*	PUNCT
fbem-31293	238	2	*	*	PUNCT
fbem-31293	238	3	*	*	PUNCT
fbem-31293	238	4	p<0.01	p<0.01	PROPN
fbem-31293	238	5	,	,	PUNCT
fbem-31293	238	6	*	*	PUNCT
fbem-31293	238	7	*	*	NOUN
fbem-31293	238	8	p<0.05	p<0.05	NOUN
fbem-31293	238	9	,	,	PUNCT
fbem-31293	238	10	*	*	SYM
fbem-31293	238	11	p<0.1	p<0.1	NUM
fbem-31293	238	12	table	table	NOUN
fbem-31293	238	13	5	5	NUM
fbem-31293	238	14	.	.	X
fbem-31293	238	15	u	u	NOUN
fbem-31293	238	16	-	-	NOUN
fbem-31293	238	17	test	test	NOUN
fbem-31293	238	18	results	result	NOUN
fbem-31293	238	19	esgrating	esgrate	VERB
fbem-31293	238	20	model	model	NOUN
fbem-31293	238	21	1	1	NUM
fbem-31293	238	22	model	model	NOUN
fbem-31293	238	23	2	2	NUM
fbem-31293	238	24	model	model	NOUN
fbem-31293	238	25	3	3	NUM
fbem-31293	238	26	lower	lower	ADV
fbem-31293	238	27	bound	bind	VERB
fbem-31293	238	28	upper	upper	ADJ
fbem-31293	238	29	bound	bind	VERB
fbem-31293	238	30	lower	lower	ADV
fbem-31293	238	31	bound	bind	VERB
fbem-31293	238	32	upper	upper	ADJ
fbem-31293	238	33	bound	bind	VERB
fbem-31293	238	34	lower	lower	ADV
fbem-31293	238	35	bound	bind	VERB
fbem-31293	238	36	upper	upper	ADJ
fbem-31293	238	37	bound	bind	VERB
fbem-31293	238	38	bound	bind	VERB
fbem-31293	238	39	point	point	NOUN
fbem-31293	238	40	0.3333	0.3333	NUM
fbem-31293	238	41	1	1	NUM
fbem-31293	238	42	0.3333	0.3333	NUM
fbem-31293	238	43	1	1	NUM
fbem-31293	238	44	0.3333	0.3333	NUM
fbem-31293	238	45	1	1	NUM
fbem-31293	238	46	slope	slope	NOUN
fbem-31293	238	47	0.9692	0.9692	NUM
fbem-31293	238	48	-1.0147	-1.0147	NOUN
fbem-31293	238	49	1.1682	1.1682	NUM
fbem-31293	238	50	-1.3595	-1.3595	NOUN
fbem-31293	238	51	1.2937	1.2937	NUM
fbem-31293	238	52	-1.3971	-1.3971	X
fbem-31293	238	53	t	t	NOUN
fbem-31293	238	54	-	-	PUNCT
fbem-31293	238	55	value	value	NOUN
fbem-31293	238	56	3.3778	3.3778	NUM
fbem-31293	238	57	-5.9086	-5.9086	NOUN
fbem-31293	238	58	4.1329	4.1329	NUM
fbem-31293	238	59	-7.5550	-7.5550	NOUN
fbem-31293	238	60	4.4669	4.4669	NUM
fbem-31293	238	61	-7.7154	-7.7154	NOUN
fbem-31293	238	62	p>|t|	p>|t|	NOUN
fbem-31293	238	63	0	0	NUM
fbem-31293	238	64	0	0	NUM
fbem-31293	238	65	0	0	NUM
fbem-31293	238	66	0	0	NUM
fbem-31293	238	67	0	0	NUM
fbem-31293	238	68	0	0	NUM
fbem-31293	239	1	turning	turning	NOUN
fbem-31293	239	2	point	point	NOUN
fbem-31293	239	3	0.6590	0.6590	NUM
fbem-31293	239	4	0.6414	0.6414	NUM
fbem-31293	239	5	0.6538	0.6538	NUM
fbem-31293	239	6	year	year	NOUN
fbem-31293	239	7	fe	fe	INTJ
fbem-31293	240	1	yes	yes	INTJ
fbem-31293	240	2	yes	yes	INTJ
fbem-31293	240	3	yes	yes	INTJ
fbem-31293	241	1	industry	industry	NOUN
fbem-31293	241	2	fe	fe	INTJ
fbem-31293	242	1	yes	yes	INTJ
fbem-31293	242	2	yes	yes	INTJ
fbem-31293	242	3	yes	yes	INTJ
fbem-31293	242	4	observations	observation	NOUN
fbem-31293	242	5	10,363	10,363	NUM
fbem-31293	242	6	10,363	10,363	NUM
fbem-31293	242	7	10,363	10,363	NUM
fbem-31293	242	8	74	74	NUM
fbem-31293	242	9	figure	figure	NOUN
fbem-31293	242	10	4	4	NUM
fbem-31293	242	11	.	.	PUNCT
fbem-31293	242	12	graphic	graphic	ADJ
fbem-31293	242	13	presentations	presentation	NOUN
fbem-31293	242	14	of	of	ADP
fbem-31293	242	15	the	the	DET
fbem-31293	242	16	main	main	ADJ
fbem-31293	242	17	effect	effect	NOUN
fbem-31293	242	18	of	of	ADP
fbem-31293	242	19	nonfamily	nonfamily	NOUN
fbem-31293	242	20	manager	manager	NOUN
fbem-31293	242	21	involvement	involvement	NOUN
fbem-31293	242	22	on	on	ADP
fbem-31293	242	23	esg	esg	PROPN
fbem-31293	242	24	performance	performance	NOUN
fbem-31293	242	25	figure	figure	NOUN
fbem-31293	242	26	5	5	NUM
fbem-31293	242	27	.	.	PUNCT
fbem-31293	242	28	graphic	graphic	ADJ
fbem-31293	242	29	presentations	presentation	NOUN
fbem-31293	242	30	of	of	ADP
fbem-31293	242	31	the	the	DET
fbem-31293	242	32	moderation	moderation	NOUN
fbem-31293	242	33	effects	effect	NOUN
fbem-31293	242	34	of	of	ADP
fbem-31293	242	35	familism	familism	NOUN
fbem-31293	242	36	4.4	4.4	NUM
fbem-31293	242	37	.	.	PUNCT
fbem-31293	243	1	robustness	robustness	NOUN
fbem-31293	243	2	tests	test	NOUN
fbem-31293	243	3	4.4.1	4.4.1	NUM
fbem-31293	243	4	.	.	PUNCT
fbem-31293	244	1	change	change	NOUN
fbem-31293	244	2	in	in	ADP
fbem-31293	244	3	the	the	DET
fbem-31293	244	4	measurement	measurement	NOUN
fbem-31293	244	5	of	of	ADP
fbem-31293	244	6	esg	esg	PROPN
fbem-31293	244	7	performance	performance	NOUN
fbem-31293	244	8	following	follow	VERB
fbem-31293	244	9	zhang	zhang	PROPN
fbem-31293	244	10	et	et	PROPN
fbem-31293	244	11	al	al	PROPN
fbem-31293	244	12	.	.	PROPN
fbem-31293	244	13	(	(	PUNCT
fbem-31293	244	14	2023	2023	NUM
fbem-31293	244	15	)	)	PUNCT
fbem-31293	244	16	,	,	PUNCT
fbem-31293	244	17	i	i	PRON
fbem-31293	244	18	changed	change	VERB
fbem-31293	244	19	the	the	DET
fbem-31293	244	20	measurement	measurement	NOUN
fbem-31293	244	21	of	of	ADP
fbem-31293	244	22	esg	esg	PROPN
fbem-31293	244	23	performance	performance	NOUN
fbem-31293	244	24	from	from	ADP
fbem-31293	244	25	huazheng	huazheng	PROPN
fbem-31293	244	26	esg	esg	PROPN
fbem-31293	244	27	index	index	PROPN
fbem-31293	244	28	to	to	ADP
fbem-31293	244	29	hexun	hexun	PROPN
fbem-31293	244	30	esg	esg	PROPN
fbem-31293	244	31	ratings	rating	NOUN
fbem-31293	244	32	(	(	PUNCT
fbem-31293	244	33	hexun_esg	hexun_esg	NOUN
fbem-31293	244	34	)	)	PUNCT
fbem-31293	244	35	.	.	PUNCT
fbem-31293	245	1	hexun	hexun	PROPN
fbem-31293	245	2	platform	platform	NOUN
fbem-31293	245	3	releases	release	VERB
fbem-31293	245	4	social	social	ADJ
fbem-31293	245	5	responsibility	responsibility	NOUN
fbem-31293	245	6	reports	report	NOUN
fbem-31293	245	7	of	of	ADP
fbem-31293	245	8	the	the	DET
fbem-31293	245	9	listed	list	VERB
fbem-31293	245	10	companies	company	NOUN
fbem-31293	245	11	in	in	ADP
fbem-31293	245	12	china	china	PROPN
fbem-31293	245	13	,	,	PUNCT
fbem-31293	245	14	and	and	CCONJ
fbem-31293	245	15	its	its	PRON
fbem-31293	245	16	data	datum	NOUN
fbem-31293	245	17	is	be	AUX
fbem-31293	245	18	widely	widely	ADV
fbem-31293	245	19	used	use	VERB
fbem-31293	245	20	in	in	ADP
fbem-31293	245	21	existing	exist	VERB
fbem-31293	245	22	research	research	NOUN
fbem-31293	245	23	.	.	PUNCT
fbem-31293	246	1	table	table	NOUN
fbem-31293	246	2	6	6	NUM
fbem-31293	246	3	shows	show	VERB
fbem-31293	246	4	that	that	SCONJ
fbem-31293	246	5	the	the	DET
fbem-31293	246	6	coefficients	coefficient	NOUN
fbem-31293	246	7	of	of	ADP
fbem-31293	246	8	the	the	DET
fbem-31293	246	9	linear	linear	PROPN
fbem-31293	246	10	(	(	PUNCT
fbem-31293	246	11	nfr	nfr	PROPN
fbem-31293	246	12	)	)	PUNCT
fbem-31293	246	13	and	and	CCONJ
fbem-31293	246	14	quadratic	quadratic	ADJ
fbem-31293	246	15	terms	term	NOUN
fbem-31293	246	16	(	(	PUNCT
fbem-31293	246	17	nfr2	nfr2	NOUN
fbem-31293	246	18	)	)	PUNCT
fbem-31293	246	19	are	be	AUX
fbem-31293	246	20	still	still	ADV
fbem-31293	246	21	positive	positive	ADJ
fbem-31293	246	22	and	and	CCONJ
fbem-31293	246	23	negative	negative	ADJ
fbem-31293	246	24	at	at	ADP
fbem-31293	246	25	the	the	DET
fbem-31293	246	26	1	1	NUM
fbem-31293	246	27	%	%	NOUN
fbem-31293	246	28	level	level	NOUN
fbem-31293	246	29	,	,	PUNCT
fbem-31293	246	30	regardless	regardless	ADV
fbem-31293	246	31	of	of	ADP
fbem-31293	246	32	the	the	DET
fbem-31293	246	33	addition	addition	NOUN
fbem-31293	246	34	of	of	ADP
fbem-31293	246	35	control	control	NOUN
fbem-31293	246	36	variables	variable	NOUN
fbem-31293	246	37	.	.	PUNCT
fbem-31293	247	1	thus	thus	ADV
fbem-31293	247	2	,	,	PUNCT
fbem-31293	247	3	the	the	DET
fbem-31293	247	4	conclusions	conclusion	NOUN
fbem-31293	247	5	are	be	AUX
fbem-31293	247	6	robust	robust	ADJ
fbem-31293	247	7	.	.	PUNCT
fbem-31293	248	1	table	table	NOUN
fbem-31293	248	2	6	6	NUM
fbem-31293	248	3	.	.	PUNCT
fbem-31293	249	1	change	change	VERB
fbem-31293	249	2	the	the	DET
fbem-31293	249	3	measurement	measurement	NOUN
fbem-31293	249	4	of	of	ADP
fbem-31293	249	5	esg	esg	PROPN
fbem-31293	249	6	hexun_esg	hexun_esg	PROPN
fbem-31293	249	7	hexun_esg	hexun_esg	PROPN
fbem-31293	249	8	nfr	nfr	PROPN
fbem-31293	249	9	0.830	0.830	NUM
fbem-31293	249	10	*	*	PUNCT
fbem-31293	249	11	*	*	PUNCT
fbem-31293	249	12	*	*	PUNCT
fbem-31293	249	13	1.003	1.003	NUM
fbem-31293	249	14	*	*	PUNCT
fbem-31293	249	15	*	*	PUNCT
fbem-31293	249	16	*	*	PUNCT
fbem-31293	249	17	nfr2	nfr2	ADJ
fbem-31293	249	18	(	(	PUNCT
fbem-31293	249	19	2.71	2.71	NUM
fbem-31293	249	20	)	)	PUNCT
fbem-31293	249	21	-0.686	-0.686	X
fbem-31293	249	22	*	*	PUNCT
fbem-31293	249	23	*	*	PUNCT
fbem-31293	249	24	*	*	PUNCT
fbem-31293	249	25	(	(	PUNCT
fbem-31293	249	26	3.49	3.49	NUM
fbem-31293	249	27	)	)	PUNCT
fbem-31293	249	28	-0.840	-0.840	NOUN
fbem-31293	249	29	*	*	PUNCT
fbem-31293	249	30	*	*	PUNCT
fbem-31293	249	31	*	*	NOUN
fbem-31293	249	32	size	size	NOUN
fbem-31293	249	33	(	(	PUNCT
fbem-31293	249	34	-3.39	-3.39	NUM
fbem-31293	249	35	)	)	PUNCT
fbem-31293	249	36	(	(	PUNCT
fbem-31293	249	37	-4.40	-4.40	NOUN
fbem-31293	249	38	)	)	PUNCT
fbem-31293	249	39	0.138	0.138	NUM
fbem-31293	249	40	*	*	PUNCT
fbem-31293	249	41	*	*	PUNCT
fbem-31293	249	42	*	*	PUNCT
fbem-31293	249	43	(	(	PUNCT
fbem-31293	249	44	14.97	14.97	NUM
fbem-31293	249	45	)	)	PUNCT
fbem-31293	249	46	lev	lev	NOUN
fbem-31293	249	47	-0.887	-0.887	PUNCT
fbem-31293	249	48	*	*	PUNCT
fbem-31293	249	49	*	*	PUNCT
fbem-31293	249	50	*	*	PUNCT
fbem-31293	249	51	(	(	PUNCT
fbem-31293	249	52	-15.81	-15.81	NOUN
fbem-31293	249	53	)	)	PUNCT
fbem-31293	249	54	inst	inst	NOUN
fbem-31293	249	55	0.001	0.001	NUM
fbem-31293	249	56	*	*	PUNCT
fbem-31293	249	57	*	*	PUNCT
fbem-31293	249	58	*	*	PUNCT
fbem-31293	249	59	dual	dual	ADJ
fbem-31293	249	60	(	(	PUNCT
fbem-31293	249	61	3.18	3.18	NUM
fbem-31293	249	62	)	)	PUNCT
fbem-31293	249	63	-0.033	-0.033	NOUN
fbem-31293	249	64	*	*	PUNCT
fbem-31293	249	65	*	*	PUNCT
fbem-31293	249	66	(	(	PUNCT
fbem-31293	249	67	-2.35	-2.35	NOUN
fbem-31293	249	68	)	)	PUNCT
fbem-31293	249	69	top1	top1	NOUN
fbem-31293	249	70	0.004	0.004	NUM
fbem-31293	249	71	*	*	PUNCT
fbem-31293	249	72	*	*	PUNCT
fbem-31293	249	73	*	*	PUNCT
fbem-31293	249	74	(	(	PUNCT
fbem-31293	249	75	8.65	8.65	NUM
fbem-31293	249	76	)	)	PUNCT
fbem-31293	249	77	fage	fage	NOUN
fbem-31293	249	78	-0.001	-0.001	NOUN
fbem-31293	249	79	board	board	NOUN
fbem-31293	249	80	(	(	PUNCT
fbem-31293	249	81	-1.13	-1.13	NOUN
fbem-31293	249	82	)	)	PUNCT
fbem-31293	249	83	0.080	0.080	NUM
fbem-31293	249	84	*	*	PUNCT
fbem-31293	249	85	*	*	PUNCT
fbem-31293	249	86	(	(	PUNCT
fbem-31293	249	87	2.04	2.04	NUM
fbem-31293	249	88	)	)	PUNCT
fbem-31293	249	89	big4	big4	NOUN
fbem-31293	249	90	0.086	0.086	NUM
fbem-31293	249	91	*	*	PUNCT
fbem-31293	249	92	*	*	PUNCT
fbem-31293	249	93	(	(	PUNCT
fbem-31293	249	94	2.23	2.23	NUM
fbem-31293	249	95	)	)	PUNCT
fbem-31293	249	96	tmtage	tmtage	NOUN
fbem-31293	249	97	0.009	0.009	NUM
fbem-31293	249	98	*	*	PUNCT
fbem-31293	249	99	*	*	PUNCT
fbem-31293	249	100	*	*	PUNCT
fbem-31293	249	101	overseaback	overseaback	ADJ
fbem-31293	249	102	(	(	PUNCT
fbem-31293	249	103	3.79	3.79	NUM
fbem-31293	249	104	)	)	PUNCT
fbem-31293	249	105	-0.051	-0.051	NOUN
fbem-31293	249	106	*	*	PUNCT
fbem-31293	249	107	*	*	PUNCT
fbem-31293	249	108	*	*	PUNCT
fbem-31293	249	109	(	(	PUNCT
fbem-31293	249	110	-3.91	-3.91	NOUN
fbem-31293	249	111	)	)	PUNCT
fbem-31293	249	112	_	_	NOUN
fbem-31293	249	113	cons	con	NOUN
fbem-31293	249	114	2.789	2.789	NUM
fbem-31293	249	115	*	*	PUNCT
fbem-31293	249	116	*	*	PUNCT
fbem-31293	249	117	*	*	PUNCT
fbem-31293	249	118	-0.649	-0.649	PUNCT
fbem-31293	249	119	*	*	PUNCT
fbem-31293	249	120	*	*	PUNCT
fbem-31293	249	121	*	*	PUNCT
fbem-31293	249	122	(	(	PUNCT
fbem-31293	249	123	24.50	24.50	NUM
fbem-31293	249	124	)	)	PUNCT
fbem-31293	249	125	(	(	PUNCT
fbem-31293	249	126	-2.59	-2.59	NUM
fbem-31293	249	127	)	)	PUNCT
fbem-31293	249	128	year	year	NOUN
fbem-31293	249	129	fe	fe	INTJ
fbem-31293	250	1	yes	yes	INTJ
fbem-31293	250	2	yes	yes	INTJ
fbem-31293	250	3	industry	industry	NOUN
fbem-31293	250	4	fe	fe	INTJ
fbem-31293	251	1	yes	yes	INTJ
fbem-31293	251	2	yes	yes	INTJ
fbem-31293	251	3	r2	r2	PROPN
fbem-31293	251	4	0.052	0.052	NUM
fbem-31293	251	5	0.124	0.124	NUM
fbem-31293	251	6	*	*	PUNCT
fbem-31293	252	1	*	*	PUNCT
fbem-31293	252	2	*	*	PUNCT
fbem-31293	252	3	p<0.01	p<0.01	PROPN
fbem-31293	252	4	,	,	PUNCT
fbem-31293	252	5	*	*	PUNCT
fbem-31293	252	6	*	*	NOUN
fbem-31293	252	7	p<0.05	p<0.05	NOUN
fbem-31293	252	8	,	,	PUNCT
fbem-31293	252	9	*	*	NOUN
fbem-31293	252	10	p<0.1	p<0.1	NUM
fbem-31293	252	11	4.4.2	4.4.2	NUM
fbem-31293	252	12	.	.	PUNCT
fbem-31293	253	1	grouped	group	VERB
fbem-31293	253	2	regressions	regression	NOUN
fbem-31293	253	3	based	base	VERB
fbem-31293	253	4	on	on	ADP
fbem-31293	253	5	prior	prior	ADJ
fbem-31293	253	6	literature	literature	NOUN
fbem-31293	253	7	(	(	PUNCT
fbem-31293	253	8	haans	haan	NOUN
fbem-31293	253	9	et	et	PROPN
fbem-31293	253	10	al	al	PROPN
fbem-31293	253	11	.	.	PROPN
fbem-31293	253	12	,	,	PUNCT
fbem-31293	253	13	2015	2015	NUM
fbem-31293	253	14	)	)	PUNCT
fbem-31293	253	15	,	,	PUNCT
fbem-31293	253	16	i	i	PRON
fbem-31293	253	17	split	split	VERB
fbem-31293	253	18	the	the	DET
fbem-31293	253	19	data	datum	NOUN
fbem-31293	253	20	based	base	VERB
fbem-31293	253	21	on	on	ADP
fbem-31293	253	22	the	the	DET
fbem-31293	253	23	empirically	empirically	ADV
fbem-31293	253	24	determined	determine	VERB
fbem-31293	253	25	turning	turning	NOUN
fbem-31293	253	26	point	point	NOUN
fbem-31293	253	27	(	(	PUNCT
fbem-31293	253	28	0.6414	0.6414	NUM
fbem-31293	253	29	)	)	PUNCT
fbem-31293	253	30	and	and	CCONJ
fbem-31293	253	31	checked	check	VERB
fbem-31293	253	32	whether	whether	SCONJ
fbem-31293	253	33	two	two	NUM
fbem-31293	253	34	linear	linear	ADJ
fbem-31293	253	35	regressions	regression	NOUN
fbem-31293	253	36	give	give	VERB
fbem-31293	253	37	slopes	slope	NOUN
fbem-31293	253	38	that	that	PRON
fbem-31293	253	39	are	be	AUX
fbem-31293	253	40	in	in	ADP
fbem-31293	253	41	line	line	NOUN
fbem-31293	253	42	with	with	ADP
fbem-31293	253	43	the	the	DET
fbem-31293	253	44	predicted	predict	VERB
fbem-31293	253	45	shape	shape	NOUN
fbem-31293	253	46	of	of	ADP
fbem-31293	253	47	the	the	DET
fbem-31293	253	48	curve	curve	NOUN
fbem-31293	253	49	.	.	PUNCT
fbem-31293	254	1	table	table	NOUN
fbem-31293	254	2	7	7	NUM
fbem-31293	254	3	presents	present	VERB
fbem-31293	254	4	the	the	DET
fbem-31293	254	5	regression	regression	NOUN
fbem-31293	254	6	results	result	NOUN
fbem-31293	254	7	.	.	PUNCT
fbem-31293	255	1	as	as	SCONJ
fbem-31293	255	2	shown	show	VERB
fbem-31293	255	3	in	in	ADP
fbem-31293	255	4	table	table	NOUN
fbem-31293	255	5	7	7	NUM
fbem-31293	255	6	,	,	PUNCT
fbem-31293	255	7	when	when	SCONJ
fbem-31293	255	8	nfr<0.6414	nfr<0.6414	NUM
fbem-31293	255	9	,	,	PUNCT
fbem-31293	255	10	the	the	DET
fbem-31293	255	11	linear	linear	ADJ
fbem-31293	255	12	term	term	NOUN
fbem-31293	255	13	of	of	ADP
fbem-31293	255	14	nonfamily	nonfamily	NOUN
fbem-31293	255	15	manager	manager	NOUN
fbem-31293	255	16	involvement	involvement	NOUN
fbem-31293	255	17	is	be	AUX
fbem-31293	255	18	positive	positive	ADJ
fbem-31293	255	19	(	(	PUNCT
fbem-31293	255	20	𝛽=0.34	𝛽=0.34	NOUN
fbem-31293	255	21	)	)	PUNCT
fbem-31293	255	22	.	.	PUNCT
fbem-31293	256	1	when	when	SCONJ
fbem-31293	256	2	nfr>0.6414	nfr>0.6414	NOUN
fbem-31293	256	3	,	,	PUNCT
fbem-31293	256	4	the	the	DET
fbem-31293	256	5	linear	linear	ADJ
fbem-31293	256	6	term	term	NOUN
fbem-31293	256	7	of	of	ADP
fbem-31293	256	8	nonfamily	nonfamily	NOUN
fbem-31293	256	9	manager	manager	NOUN
fbem-31293	256	10	involvement	involvement	NOUN
fbem-31293	256	11	is	be	AUX
fbem-31293	256	12	negative	negative	ADJ
fbem-31293	256	13	and	and	CCONJ
fbem-31293	256	14	significant	significant	ADJ
fbem-31293	256	15	(	(	PUNCT
fbem-31293	256	16	𝛽=-0.61	𝛽=-0.61	NOUN
fbem-31293	256	17	;	;	PUNCT
fbem-31293	256	18	𝑝<0.01	𝑝<0.01	NUM
fbem-31293	256	19	)	)	PUNCT
fbem-31293	256	20	.	.	PUNCT
fbem-31293	257	1	the	the	DET
fbem-31293	257	2	coefficients	coefficient	NOUN
fbem-31293	257	3	of	of	ADP
fbem-31293	257	4	the	the	DET
fbem-31293	257	5	linear	linear	ADJ
fbem-31293	257	6	and	and	CCONJ
fbem-31293	257	7	quadratic	quadratic	ADJ
fbem-31293	257	8	terms	term	NOUN
fbem-31293	257	9	taken	take	VERB
fbem-31293	257	10	together	together	ADV
fbem-31293	257	11	are	be	AUX
fbem-31293	257	12	in	in	ADP
fbem-31293	257	13	line	line	NOUN
fbem-31293	257	14	with	with	ADP
fbem-31293	257	15	the	the	DET
fbem-31293	257	16	hypothesis	hypothesis	NOUN
fbem-31293	257	17	1	1	NUM
fbem-31293	257	18	.	.	PUNCT
fbem-31293	258	1	however	however	ADV
fbem-31293	258	2	,	,	PUNCT
fbem-31293	258	3	when	when	SCONJ
fbem-31293	258	4	nfr<0.6414	nfr<0.6414	NUM
fbem-31293	258	5	,	,	PUNCT
fbem-31293	258	6	the	the	DET
fbem-31293	258	7	linear	linear	ADJ
fbem-31293	258	8	coefficient	coefficient	NOUN
fbem-31293	258	9	is	be	AUX
fbem-31293	258	10	not	not	PART
fbem-31293	258	11	significant	significant	ADJ
fbem-31293	258	12	as	as	SCONJ
fbem-31293	258	13	expected	expect	VERB
fbem-31293	258	14	(	(	PUNCT
fbem-31293	258	15	𝑝>0.01	𝑝>0.01	PROPN
fbem-31293	258	16	)	)	PUNCT
fbem-31293	258	17	.	.	PUNCT
fbem-31293	259	1	a	a	DET
fbem-31293	259	2	potential	potential	ADJ
fbem-31293	259	3	reason	reason	NOUN
fbem-31293	259	4	for	for	ADP
fbem-31293	259	5	this	this	PRON
fbem-31293	259	6	is	be	AUX
fbem-31293	259	7	that	that	SCONJ
fbem-31293	259	8	the	the	DET
fbem-31293	259	9	sample	sample	NOUN
fbem-31293	259	10	size	size	NOUN
fbem-31293	259	11	with	with	ADP
fbem-31293	259	12	nfr	nfr	PROPN
fbem-31293	259	13	less	less	ADJ
fbem-31293	259	14	than	than	ADP
fbem-31293	259	15	0.6414	0.6414	NUM
fbem-31293	259	16	is	be	AUX
fbem-31293	259	17	relatively	relatively	ADV
fbem-31293	259	18	small	small	ADJ
fbem-31293	259	19	,	,	PUNCT
fbem-31293	259	20	comprising	comprise	VERB
fbem-31293	259	21	only	only	ADV
fbem-31293	259	22	1,345	1,345	NUM
fbem-31293	259	23	samples	sample	NOUN
fbem-31293	259	24	,	,	PUNCT
fbem-31293	259	25	while	while	SCONJ
fbem-31293	259	26	the	the	DET
fbem-31293	259	27	sample	sample	NOUN
fbem-31293	259	28	size	size	NOUN
fbem-31293	259	29	with	with	ADP
fbem-31293	259	30	nfr	nfr	PROPN
fbem-31293	259	31	greater	great	ADJ
fbem-31293	259	32	than	than	ADP
fbem-31293	259	33	0.6414	0.6414	NUM
fbem-31293	259	34	is	be	AUX
fbem-31293	259	35	above	above	ADP
fbem-31293	259	36	9,000	9,000	NUM
fbem-31293	259	37	.	.	PUNCT
fbem-31293	260	1	75	75	NUM
fbem-31293	260	2	table	table	NOUN
fbem-31293	260	3	7	7	NUM
fbem-31293	260	4	.	.	PUNCT
fbem-31293	260	5	grouped	group	VERB
fbem-31293	260	6	regression	regression	NOUN
fbem-31293	260	7	results	result	NOUN
fbem-31293	260	8	nfr<0.6414	nfr<0.6414	PUNCT
fbem-31293	261	1	nfr>0.6414	nfr>0.6414	NOUN
fbem-31293	261	2	nfr	nfr	NOUN
fbem-31293	261	3	0.337	0.337	NUM
fbem-31293	261	4	-0.609	-0.609	NOUN
fbem-31293	261	5	*	*	PUNCT
fbem-31293	261	6	*	*	PUNCT
fbem-31293	261	7	*	*	NOUN
fbem-31293	261	8	size	size	NOUN
fbem-31293	261	9	(	(	PUNCT
fbem-31293	261	10	1.01	1.01	NUM
fbem-31293	261	11	)	)	PUNCT
fbem-31293	261	12	0.210	0.210	NUM
fbem-31293	261	13	*	*	PUNCT
fbem-31293	261	14	*	*	PUNCT
fbem-31293	261	15	*	*	PUNCT
fbem-31293	261	16	(	(	PUNCT
fbem-31293	261	17	-6.24	-6.24	INTJ
fbem-31293	261	18	)	)	PUNCT
fbem-31293	261	19	0.247	0.247	NUM
fbem-31293	261	20	*	*	PUNCT
fbem-31293	261	21	*	*	PUNCT
fbem-31293	261	22	*	*	PUNCT
fbem-31293	261	23	(	(	PUNCT
fbem-31293	261	24	4.86	4.86	NUM
fbem-31293	261	25	)	)	PUNCT
fbem-31293	261	26	(	(	PUNCT
fbem-31293	261	27	17.47	17.47	NUM
fbem-31293	261	28	)	)	PUNCT
fbem-31293	261	29	lev	lev	NOUN
fbem-31293	261	30	-1.531	-1.531	PROPN
fbem-31293	261	31	*	*	PUNCT
fbem-31293	261	32	*	*	PUNCT
fbem-31293	261	33	*	*	PUNCT
fbem-31293	262	1	-1.249	-1.249	PUNCT
fbem-31293	262	2	*	*	PUNCT
fbem-31293	262	3	*	*	PUNCT
fbem-31293	262	4	*	*	PUNCT
fbem-31293	262	5	(	(	PUNCT
fbem-31293	262	6	-7.22	-7.22	NOUN
fbem-31293	262	7	)	)	PUNCT
fbem-31293	262	8	(	(	PUNCT
fbem-31293	262	9	-16.98	-16.98	NOUN
fbem-31293	262	10	)	)	PUNCT
fbem-31293	262	11	inst	inst	NOUN
fbem-31293	262	12	-0.001	-0.001	PUNCT
fbem-31293	262	13	-0.001	-0.001	X
fbem-31293	262	14	dual	dual	ADJ
fbem-31293	262	15	(	(	PUNCT
fbem-31293	262	16	-0.46	-0.46	NUM
fbem-31293	262	17	)	)	PUNCT
fbem-31293	262	18	-0.152	-0.152	PUNCT
fbem-31293	262	19	*	*	PUNCT
fbem-31293	262	20	*	*	PUNCT
fbem-31293	262	21	*	*	PUNCT
fbem-31293	262	22	(	(	PUNCT
fbem-31293	262	23	-1.24	-1.24	NOUN
fbem-31293	262	24	)	)	PUNCT
fbem-31293	262	25	-0.059	-0.059	PUNCT
fbem-31293	263	1	*	*	PUNCT
fbem-31293	263	2	*	*	PUNCT
fbem-31293	263	3	(	(	PUNCT
fbem-31293	263	4	-2.70	-2.70	NOUN
fbem-31293	263	5	)	)	PUNCT
fbem-31293	263	6	(	(	PUNCT
fbem-31293	263	7	-2.41	-2.41	X
fbem-31293	263	8	)	)	PUNCT
fbem-31293	263	9	top1	top1	PROPN
fbem-31293	263	10	0.004	0.004	NUM
fbem-31293	263	11	*	*	PUNCT
fbem-31293	263	12	0.002	0.002	NUM
fbem-31293	263	13	*	*	PUNCT
fbem-31293	263	14	*	*	PUNCT
fbem-31293	263	15	*	*	PUNCT
fbem-31293	263	16	(	(	PUNCT
fbem-31293	263	17	1.89	1.89	NUM
fbem-31293	263	18	)	)	PUNCT
fbem-31293	263	19	(	(	PUNCT
fbem-31293	263	20	2.70	2.70	NUM
fbem-31293	263	21	)	)	PUNCT
fbem-31293	263	22	fage	fage	NOUN
fbem-31293	263	23	-0.000	-0.000	PUNCT
fbem-31293	263	24	-0.009	-0.009	X
fbem-31293	263	25	*	*	PUNCT
fbem-31293	263	26	*	*	PUNCT
fbem-31293	263	27	*	*	PUNCT
fbem-31293	263	28	(	(	PUNCT
fbem-31293	263	29	-0.05	-0.05	NUM
fbem-31293	263	30	)	)	PUNCT
fbem-31293	263	31	(	(	PUNCT
fbem-31293	263	32	-4.17	-4.17	X
fbem-31293	263	33	)	)	PUNCT
fbem-31293	263	34	board	board	NOUN
fbem-31293	263	35	-0.377	-0.377	NOUN
fbem-31293	263	36	*	*	PUNCT
fbem-31293	263	37	*	*	PUNCT
fbem-31293	263	38	-0.008	-0.008	NOUN
fbem-31293	263	39	(	(	PUNCT
fbem-31293	263	40	-2.36	-2.36	NOUN
fbem-31293	263	41	)	)	PUNCT
fbem-31293	263	42	(	(	PUNCT
fbem-31293	263	43	-0.13	-0.13	X
fbem-31293	263	44	)	)	PUNCT
fbem-31293	263	45	big4	big4	NOUN
fbem-31293	263	46	0.244	0.244	NUM
fbem-31293	263	47	-0.059	-0.059	PUNCT
fbem-31293	263	48	(	(	PUNCT
fbem-31293	263	49	1.38	1.38	NUM
fbem-31293	263	50	)	)	PUNCT
fbem-31293	263	51	(	(	PUNCT
fbem-31293	263	52	-0.86	-0.86	X
fbem-31293	263	53	)	)	PUNCT
fbem-31293	263	54	tmtage	tmtage	NOUN
fbem-31293	263	55	0.009	0.009	NUM
fbem-31293	263	56	0.019	0.019	NUM
fbem-31293	263	57	*	*	PUNCT
fbem-31293	263	58	*	*	PUNCT
fbem-31293	263	59	*	*	PUNCT
fbem-31293	263	60	(	(	PUNCT
fbem-31293	263	61	0.97	0.97	NUM
fbem-31293	263	62	)	)	PUNCT
fbem-31293	263	63	(	(	PUNCT
fbem-31293	263	64	4.98	4.98	NUM
fbem-31293	263	65	)	)	PUNCT
fbem-31293	263	66	overseaback	overseaback	ADV
fbem-31293	263	67	0.089	0.089	NUM
fbem-31293	263	68	-0.042	-0.042	PUNCT
fbem-31293	263	69	*	*	PUNCT
fbem-31293	263	70	(	(	PUNCT
fbem-31293	263	71	1.61	1.61	NUM
fbem-31293	263	72	)	)	PUNCT
fbem-31293	263	73	(	(	PUNCT
fbem-31293	263	74	-1.86	-1.86	NOUN
fbem-31293	263	75	)	)	PUNCT
fbem-31293	263	76	_	_	PRON
fbem-31293	263	77	cons	con	NOUN
fbem-31293	263	78	0.235	0.235	NUM
fbem-31293	263	79	-1.044	-1.044	PUNCT
fbem-31293	263	80	*	*	PUNCT
fbem-31293	263	81	*	*	PUNCT
fbem-31293	263	82	*	*	PUNCT
fbem-31293	263	83	(	(	PUNCT
fbem-31293	263	84	0.25	0.25	NUM
fbem-31293	263	85	)	)	PUNCT
fbem-31293	263	86	(	(	PUNCT
fbem-31293	263	87	-3.02	-3.02	NUM
fbem-31293	263	88	)	)	PUNCT
fbem-31293	263	89	year	year	NOUN
fbem-31293	263	90	fe	fe	INTJ
fbem-31293	264	1	yes	yes	INTJ
fbem-31293	264	2	yes	yes	INTJ
fbem-31293	264	3	industry	industry	NOUN
fbem-31293	264	4	fe	fe	INTJ
fbem-31293	265	1	yes	yes	INTJ
fbem-31293	265	2	yes	yes	INTJ
fbem-31293	266	1	n	n	CCONJ
fbem-31293	266	2	1345	1345	NUM
fbem-31293	266	3	9079	9079	NUM
fbem-31293	266	4	r2	r2	PROPN
fbem-31293	266	5	0.153	0.153	NUM
fbem-31293	266	6	0.111	0.111	NUM
fbem-31293	266	7	4.4.3	4.4.3	NUM
fbem-31293	266	8	.	.	PUNCT
fbem-31293	267	1	instrumental	instrumental	ADJ
fbem-31293	267	2	variable	variable	ADJ
fbem-31293	267	3	method	method	NOUN
fbem-31293	267	4	endogeneity	endogeneity	NOUN
fbem-31293	267	5	should	should	AUX
fbem-31293	267	6	be	be	AUX
fbem-31293	267	7	controlled	control	VERB
fbem-31293	267	8	because	because	SCONJ
fbem-31293	267	9	the	the	DET
fbem-31293	267	10	results	result	NOUN
fbem-31293	267	11	may	may	AUX
fbem-31293	267	12	be	be	AUX
fbem-31293	267	13	affected	affect	VERB
fbem-31293	267	14	by	by	ADP
fbem-31293	267	15	reverse	reverse	ADJ
fbem-31293	267	16	causality	causality	NOUN
fbem-31293	267	17	in	in	ADP
fbem-31293	267	18	the	the	DET
fbem-31293	267	19	model	model	NOUN
fbem-31293	267	20	.	.	PUNCT
fbem-31293	268	1	for	for	ADP
fbem-31293	268	2	instance	instance	NOUN
fbem-31293	268	3	,	,	PUNCT
fbem-31293	268	4	lower	lower	PROPN
fbem-31293	268	5	esg	esg	NOUN
fbem-31293	268	6	performance	performance	NOUN
fbem-31293	268	7	may	may	AUX
fbem-31293	268	8	prompt	prompt	VERB
fbem-31293	268	9	family	family	NOUN
fbem-31293	268	10	firms	firm	NOUN
fbem-31293	268	11	to	to	PART
fbem-31293	268	12	hire	hire	VERB
fbem-31293	268	13	more	more	ADJ
fbem-31293	268	14	nonfamily	nonfamily	NOUN
fbem-31293	268	15	managers	manager	NOUN
fbem-31293	268	16	.	.	PUNCT
fbem-31293	269	1	thus	thus	ADV
fbem-31293	269	2	,	,	PUNCT
fbem-31293	269	3	controlling	control	VERB
fbem-31293	269	4	for	for	ADP
fbem-31293	269	5	endogeneity	endogeneity	NOUN
fbem-31293	269	6	is	be	AUX
fbem-31293	269	7	especially	especially	ADV
fbem-31293	269	8	integral	integral	ADJ
fbem-31293	269	9	.	.	PUNCT
fbem-31293	270	1	following	follow	VERB
fbem-31293	270	2	fang	fang	PROPN
fbem-31293	270	3	et	et	PROPN
fbem-31293	270	4	al	al	PROPN
fbem-31293	270	5	.	.	PROPN
fbem-31293	271	1	(	(	PUNCT
fbem-31293	271	2	2021	2021	NUM
fbem-31293	271	3	)	)	PUNCT
fbem-31293	271	4	,	,	PUNCT
fbem-31293	271	5	i	i	PRON
fbem-31293	271	6	constructed	construct	VERB
fbem-31293	271	7	an	an	DET
fbem-31293	271	8	instrumental	instrumental	ADJ
fbem-31293	271	9	variable	variable	NOUN
fbem-31293	271	10	that	that	PRON
fbem-31293	271	11	is	be	AUX
fbem-31293	271	12	likely	likely	ADJ
fbem-31293	271	13	to	to	PART
fbem-31293	271	14	strongly	strongly	ADV
fbem-31293	271	15	related	relate	VERB
fbem-31293	271	16	to	to	ADP
fbem-31293	271	17	the	the	DET
fbem-31293	271	18	independent	independent	ADJ
fbem-31293	271	19	variable	variable	NOUN
fbem-31293	271	20	(	(	PUNCT
fbem-31293	271	21	the	the	DET
fbem-31293	271	22	proportion	proportion	NOUN
fbem-31293	271	23	of	of	ADP
fbem-31293	271	24	nonfamily	nonfamily	NOUN
fbem-31293	271	25	managers	manager	NOUN
fbem-31293	271	26	in	in	ADP
fbem-31293	271	27	a	a	DET
fbem-31293	271	28	family	family	NOUN
fbem-31293	271	29	firm	firm	NOUN
fbem-31293	271	30	)	)	PUNCT
fbem-31293	271	31	,	,	PUNCT
fbem-31293	271	32	but	but	CCONJ
fbem-31293	271	33	likely	likely	ADV
fbem-31293	271	34	to	to	PART
fbem-31293	271	35	be	be	AUX
fbem-31293	271	36	irrelevant	irrelevant	ADJ
fbem-31293	271	37	to	to	ADP
fbem-31293	271	38	the	the	DET
fbem-31293	271	39	dependent	dependent	ADJ
fbem-31293	271	40	variable	variable	NOUN
fbem-31293	271	41	(	(	PUNCT
fbem-31293	271	42	esg	esg	NOUN
fbem-31293	271	43	performance	performance	NOUN
fbem-31293	271	44	)	)	PUNCT
fbem-31293	271	45	.	.	PUNCT
fbem-31293	272	1	this	this	DET
fbem-31293	272	2	endogenous	endogenous	ADJ
fbem-31293	272	3	variable	variable	NOUN
fbem-31293	272	4	,	,	PUNCT
fbem-31293	272	5	namely	namely	ADV
fbem-31293	272	6	the	the	DET
fbem-31293	272	7	average	average	ADJ
fbem-31293	272	8	size	size	NOUN
fbem-31293	272	9	of	of	ADP
fbem-31293	272	10	the	the	DET
fbem-31293	272	11	management	management	NOUN
fbem-31293	272	12	team	team	NOUN
fbem-31293	272	13	,	,	PUNCT
fbem-31293	272	14	was	be	AUX
fbem-31293	272	15	measured	measure	VERB
fbem-31293	272	16	as	as	ADP
fbem-31293	272	17	the	the	DET
fbem-31293	272	18	average	average	ADJ
fbem-31293	272	19	number	number	NOUN
fbem-31293	272	20	of	of	ADP
fbem-31293	272	21	managers	manager	NOUN
fbem-31293	272	22	for	for	ADP
fbem-31293	272	23	all	all	DET
fbem-31293	272	24	firms	firm	NOUN
fbem-31293	272	25	in	in	ADP
fbem-31293	272	26	each	each	DET
fbem-31293	272	27	industry	industry	NOUN
fbem-31293	272	28	in	in	ADP
fbem-31293	272	29	each	each	DET
fbem-31293	272	30	province	province	NOUN
fbem-31293	272	31	.	.	PUNCT
fbem-31293	273	1	results	result	NOUN
fbem-31293	273	2	are	be	AUX
fbem-31293	273	3	shown	show	VERB
fbem-31293	273	4	in	in	ADP
fbem-31293	273	5	table	table	NOUN
fbem-31293	273	6	8	8	NUM
fbem-31293	273	7	.	.	PUNCT
fbem-31293	274	1	in	in	ADP
fbem-31293	274	2	the	the	DET
fbem-31293	274	3	first	first	ADJ
fbem-31293	274	4	stage	stage	NOUN
fbem-31293	274	5	,	,	PUNCT
fbem-31293	274	6	the	the	DET
fbem-31293	274	7	instrumental	instrumental	ADJ
fbem-31293	274	8	and	and	CCONJ
fbem-31293	274	9	control	control	NOUN
fbem-31293	274	10	variables	variable	NOUN
fbem-31293	274	11	were	be	AUX
fbem-31293	274	12	used	use	VERB
fbem-31293	274	13	to	to	PART
fbem-31293	274	14	predict	predict	VERB
fbem-31293	274	15	the	the	DET
fbem-31293	274	16	value	value	NOUN
fbem-31293	274	17	of	of	ADP
fbem-31293	274	18	nonfamily	nonfamily	NOUN
fbem-31293	274	19	manager	manager	NOUN
fbem-31293	274	20	involvement	involvement	NOUN
fbem-31293	274	21	.	.	PUNCT
fbem-31293	275	1	in	in	ADP
fbem-31293	275	2	the	the	DET
fbem-31293	275	3	second	second	ADJ
fbem-31293	275	4	stage	stage	NOUN
fbem-31293	275	5	,	,	PUNCT
fbem-31293	275	6	the	the	DET
fbem-31293	275	7	dependent	dependent	ADJ
fbem-31293	275	8	variables	variable	NOUN
fbem-31293	275	9	were	be	AUX
fbem-31293	275	10	regressed	regress	VERB
fbem-31293	275	11	against	against	ADP
fbem-31293	275	12	the	the	DET
fbem-31293	275	13	predicted	predict	VERB
fbem-31293	275	14	value	value	NOUN
fbem-31293	275	15	obtained	obtain	VERB
fbem-31293	275	16	in	in	ADP
fbem-31293	275	17	the	the	DET
fbem-31293	275	18	first	first	ADJ
fbem-31293	275	19	stage	stage	NOUN
fbem-31293	275	20	and	and	CCONJ
fbem-31293	275	21	the	the	DET
fbem-31293	275	22	control	control	NOUN
fbem-31293	275	23	variables	variable	NOUN
fbem-31293	275	24	to	to	PART
fbem-31293	275	25	test	test	VERB
fbem-31293	275	26	hypothesis	hypothesis	NOUN
fbem-31293	275	27	1	1	NUM
fbem-31293	275	28	.	.	PUNCT
fbem-31293	276	1	the	the	DET
fbem-31293	276	2	first	first	ADJ
fbem-31293	276	3	-	-	PUNCT
fbem-31293	276	4	stage	stage	NOUN
fbem-31293	276	5	regression	regression	NOUN
fbem-31293	276	6	results	result	NOUN
fbem-31293	276	7	indicate	indicate	VERB
fbem-31293	276	8	that	that	SCONJ
fbem-31293	276	9	the	the	DET
fbem-31293	276	10	instrumental	instrumental	ADJ
fbem-31293	276	11	variable	variable	NOUN
fbem-31293	276	12	(	(	PUNCT
fbem-31293	276	13	average	average	ADJ
fbem-31293	276	14	management	management	NOUN
fbem-31293	276	15	team	team	NOUN
fbem-31293	276	16	)	)	PUNCT
fbem-31293	276	17	is	be	AUX
fbem-31293	276	18	strongly	strongly	ADV
fbem-31293	276	19	related	relate	VERB
fbem-31293	276	20	to	to	ADP
fbem-31293	276	21	the	the	DET
fbem-31293	276	22	independent	independent	ADJ
fbem-31293	276	23	variable	variable	NOUN
fbem-31293	276	24	(	(	PUNCT
fbem-31293	276	25	nfr	nfr	PROPN
fbem-31293	276	26	)	)	PUNCT
fbem-31293	276	27	,	,	PUNCT
fbem-31293	276	28	at	at	ADP
fbem-31293	276	29	the	the	DET
fbem-31293	276	30	1	1	NUM
fbem-31293	276	31	%	%	NOUN
fbem-31293	276	32	level	level	NOUN
fbem-31293	276	33	.	.	PUNCT
fbem-31293	277	1	the	the	DET
fbem-31293	277	2	second	second	ADJ
fbem-31293	277	3	-	-	PUNCT
fbem-31293	277	4	stage	stage	NOUN
fbem-31293	277	5	regression	regression	NOUN
fbem-31293	277	6	results	result	NOUN
fbem-31293	277	7	show	show	VERB
fbem-31293	277	8	that	that	SCONJ
fbem-31293	277	9	the	the	DET
fbem-31293	277	10	coefficients	coefficient	NOUN
fbem-31293	277	11	of	of	ADP
fbem-31293	277	12	the	the	DET
fbem-31293	277	13	linear	linear	PROPN
fbem-31293	277	14	(	(	PUNCT
fbem-31293	277	15	nfr	nfr	PROPN
fbem-31293	277	16	)	)	PUNCT
fbem-31293	277	17	and	and	CCONJ
fbem-31293	277	18	quadratic	quadratic	ADJ
fbem-31293	277	19	terms	term	NOUN
fbem-31293	277	20	(	(	PUNCT
fbem-31293	277	21	nfr2	nfr2	NOUN
fbem-31293	277	22	)	)	PUNCT
fbem-31293	277	23	are	be	AUX
fbem-31293	277	24	still	still	ADV
fbem-31293	277	25	positive	positive	ADJ
fbem-31293	277	26	and	and	CCONJ
fbem-31293	277	27	negative	negative	ADJ
fbem-31293	277	28	at	at	ADP
fbem-31293	277	29	the	the	DET
fbem-31293	277	30	1	1	NUM
fbem-31293	277	31	%	%	NOUN
fbem-31293	277	32	level	level	NOUN
fbem-31293	277	33	.	.	PUNCT
fbem-31293	278	1	thus	thus	ADV
fbem-31293	278	2	,	,	PUNCT
fbem-31293	278	3	my	my	PRON
fbem-31293	278	4	conclusions	conclusion	NOUN
fbem-31293	278	5	remain	remain	VERB
fbem-31293	278	6	unchanged	unchanged	ADJ
fbem-31293	278	7	.	.	PUNCT
fbem-31293	279	1	table	table	NOUN
fbem-31293	279	2	8	8	NUM
fbem-31293	279	3	.	.	PUNCT
fbem-31293	280	1	instrumental	instrumental	ADJ
fbem-31293	280	2	variable	variable	ADJ
fbem-31293	280	3	method	method	NOUN
fbem-31293	280	4	first	first	ADJ
fbem-31293	280	5	stage	stage	NOUN
fbem-31293	280	6	second	second	ADJ
fbem-31293	280	7	stage	stage	NOUN
fbem-31293	280	8	second	second	ADJ
fbem-31293	280	9	stage	stage	NOUN
fbem-31293	280	10	variables	variable	VERB
fbem-31293	280	11	nfr	nfr	PROPN
fbem-31293	280	12	esgrating	esgrate	VERB
fbem-31293	280	13	esgrating	esgrate	VERB
fbem-31293	280	14	averagemanagementteam	averagemanagementteam	NOUN
fbem-31293	280	15	0.0977	0.0977	PRON
fbem-31293	280	16	*	*	PUNCT
fbem-31293	280	17	*	*	PUNCT
fbem-31293	280	18	*	*	PUNCT
fbem-31293	280	19	(	(	PUNCT
fbem-31293	280	20	10.74	10.74	NUM
fbem-31293	280	21	)	)	PUNCT
fbem-31293	280	22	nfr	nfr	NOUN
fbem-31293	280	23	1.6702	1.6702	NUM
fbem-31293	280	24	*	*	SYM
fbem-31293	280	25	*	*	NOUN
fbem-31293	280	26	10.4908	10.4908	NUM
fbem-31293	280	27	*	*	PUNCT
fbem-31293	280	28	*	*	PUNCT
fbem-31293	280	29	*	*	PUNCT
fbem-31293	280	30	nfr2	nfr2	PROPN
fbem-31293	280	31	(	(	PUNCT
fbem-31293	280	32	2.47	2.47	NUM
fbem-31293	280	33	)	)	PUNCT
fbem-31293	280	34	(	(	PUNCT
fbem-31293	280	35	2.62	2.62	NUM
fbem-31293	280	36	)	)	PUNCT
fbem-31293	280	37	-5.3468	-5.3468	NOUN
fbem-31293	280	38	*	*	PUNCT
fbem-31293	280	39	*	*	PUNCT
fbem-31293	280	40	(	(	PUNCT
fbem-31293	280	41	-2.15	-2.15	NOUN
fbem-31293	280	42	)	)	PUNCT
fbem-31293	280	43	controls	control	NOUN
fbem-31293	280	44	yes	yes	INTJ
fbem-31293	281	1	yes	yes	INTJ
fbem-31293	282	1	yes	yes	INTJ
fbem-31293	283	1	_	_	PUNCT
fbem-31293	283	2	cons	con	NOUN
fbem-31293	283	3	0.5130	0.5130	NUM
fbem-31293	283	4	-2.5151	-2.5151	NOUN
fbem-31293	283	5	-6.1949	-6.1949	X
fbem-31293	284	1	(	(	PUNCT
fbem-31293	284	2	11.61	11.61	NUM
fbem-31293	284	3	)	)	PUNCT
fbem-31293	284	4	(	(	PUNCT
fbem-31293	284	5	-4.48	-4.48	NOUN
fbem-31293	284	6	)	)	PUNCT
fbem-31293	284	7	(	(	PUNCT
fbem-31293	284	8	-3.57	-3.57	NUM
fbem-31293	284	9	)	)	PUNCT
fbem-31293	284	10	year	year	NOUN
fbem-31293	284	11	fe	fe	INTJ
fbem-31293	285	1	yes	yes	INTJ
fbem-31293	285	2	yes	yes	INTJ
fbem-31293	285	3	yes	yes	INTJ
fbem-31293	286	1	industry	industry	NOUN
fbem-31293	286	2	fe	fe	INTJ
fbem-31293	287	1	yes	yes	INTJ
fbem-31293	287	2	yes	yes	INTJ
fbem-31293	287	3	yes	yes	INTJ
fbem-31293	287	4	r2	r2	VERB
fbem-31293	287	5	0.1059	0.1059	NUM
fbem-31293	288	1	0.1064	0.1064	NUM
fbem-31293	288	2	0.1064	0.1064	NUM
fbem-31293	288	3	f	f	X
fbem-31293	288	4	-	-	PUNCT
fbem-31293	288	5	statistics	statistic	NOUN
fbem-31293	288	6	51.74	51.74	NUM
fbem-31293	288	7	*	*	NOUN
fbem-31293	288	8	*	*	PUNCT
fbem-31293	288	9	*	*	PUNCT
fbem-31293	288	10	47.74	47.74	NUM
fbem-31293	288	11	*	*	PUNCT
fbem-31293	288	12	*	*	PUNCT
fbem-31293	288	13	*	*	PUNCT
fbem-31293	288	14	47.74	47.74	NUM
fbem-31293	288	15	*	*	PUNCT
fbem-31293	288	16	*	*	PUNCT
fbem-31293	288	17	*	*	PUNCT
fbem-31293	289	1	*	*	PUNCT
fbem-31293	289	2	*	*	PUNCT
fbem-31293	289	3	*	*	PUNCT
fbem-31293	289	4	p<0.01	p<0.01	PROPN
fbem-31293	289	5	,	,	PUNCT
fbem-31293	289	6	*	*	PUNCT
fbem-31293	289	7	*	*	NOUN
fbem-31293	289	8	p<0.05	p<0.05	NOUN
fbem-31293	289	9	,	,	PUNCT
fbem-31293	289	10	*	*	PUNCT
fbem-31293	289	11	p<0.1	p<0.1	NUM
fbem-31293	289	12	5	5	NUM
fbem-31293	289	13	.	.	PUNCT
fbem-31293	290	1	discussion	discussion	NOUN
fbem-31293	290	2	and	and	CCONJ
fbem-31293	290	3	conclusion	conclusion	NOUN
fbem-31293	290	4	family	family	NOUN
fbem-31293	290	5	firms	firm	NOUN
fbem-31293	290	6	are	be	AUX
fbem-31293	290	7	regarded	regard	VERB
fbem-31293	290	8	as	as	ADP
fbem-31293	290	9	one	one	NUM
fbem-31293	290	10	of	of	ADP
fbem-31293	290	11	the	the	DET
fbem-31293	290	12	most	most	ADV
fbem-31293	290	13	integral	integral	ADJ
fbem-31293	290	14	forms	form	NOUN
fbem-31293	290	15	of	of	ADP
fbem-31293	290	16	economic	economic	ADJ
fbem-31293	290	17	organizations	organization	NOUN
fbem-31293	290	18	all	all	ADV
fbem-31293	290	19	across	across	ADP
fbem-31293	290	20	the	the	DET
fbem-31293	290	21	world	world	NOUN
fbem-31293	290	22	(	(	PUNCT
fbem-31293	290	23	chen	chen	PROPN
fbem-31293	290	24	et	et	PROPN
fbem-31293	290	25	al	al	PROPN
fbem-31293	290	26	.	.	PROPN
fbem-31293	290	27	,	,	PUNCT
fbem-31293	290	28	2021	2021	NUM
fbem-31293	290	29	)	)	PUNCT
fbem-31293	290	30	.	.	PUNCT
fbem-31293	291	1	building	build	VERB
fbem-31293	291	2	on	on	ADP
fbem-31293	291	3	the	the	DET
fbem-31293	291	4	existing	exist	VERB
fbem-31293	291	5	research	research	NOUN
fbem-31293	291	6	,	,	PUNCT
fbem-31293	291	7	in	in	ADP
fbem-31293	291	8	this	this	DET
fbem-31293	291	9	paper	paper	NOUN
fbem-31293	291	10	i	i	PRON
fbem-31293	291	11	offer	offer	VERB
fbem-31293	291	12	a	a	DET
fbem-31293	291	13	dynamic	dynamic	ADJ
fbem-31293	291	14	model	model	NOUN
fbem-31293	291	15	of	of	ADP
fbem-31293	291	16	nonfamily	nonfamily	NOUN
fbem-31293	291	17	manager	manager	NOUN
fbem-31293	291	18	influence	influence	NOUN
fbem-31293	291	19	in	in	ADP
fbem-31293	291	20	the	the	DET
fbem-31293	291	21	family	family	NOUN
fbem-31293	291	22	firm	firm	NOUN
fbem-31293	291	23	by	by	ADP
fbem-31293	291	24	combing	comb	VERB
fbem-31293	291	25	the	the	DET
fbem-31293	291	26	agency	agency	NOUN
fbem-31293	291	27	theory	theory	NOUN
fbem-31293	291	28	,	,	PUNCT
fbem-31293	291	29	social	social	ADJ
fbem-31293	291	30	emotional	emotional	ADJ
fbem-31293	291	31	wealth	wealth	NOUN
fbem-31293	291	32	theory	theory	NOUN
fbem-31293	291	33	and	and	CCONJ
fbem-31293	291	34	the	the	DET
fbem-31293	291	35	stewardship	stewardship	NOUN
fbem-31293	291	36	theory	theory	NOUN
fbem-31293	291	37	.	.	PUNCT
fbem-31293	292	1	based	base	VERB
fbem-31293	292	2	on	on	ADP
fbem-31293	292	3	an	an	DET
fbem-31293	292	4	empirical	empirical	ADJ
fbem-31293	292	5	analysis	analysis	NOUN
fbem-31293	292	6	of	of	ADP
fbem-31293	292	7	panel	panel	NOUN
fbem-31293	292	8	data	datum	NOUN
fbem-31293	292	9	of	of	ADP
fbem-31293	292	10	chinese	chinese	ADJ
fbem-31293	292	11	listed	list	VERB
fbem-31293	292	12	family	family	NOUN
fbem-31293	292	13	firms	firm	NOUN
fbem-31293	292	14	from	from	ADP
fbem-31293	292	15	2013	2013	NUM
fbem-31293	292	16	to	to	ADP
fbem-31293	292	17	2022	2022	NUM
fbem-31293	292	18	,	,	PUNCT
fbem-31293	292	19	i	i	PRON
fbem-31293	292	20	propose	propose	VERB
fbem-31293	292	21	that	that	SCONJ
fbem-31293	292	22	there	there	PRON
fbem-31293	292	23	is	be	VERB
fbem-31293	292	24	an	an	DET
fbem-31293	292	25	inverted	inverted	ADJ
fbem-31293	292	26	ushaped	ushaped	ADJ
fbem-31293	292	27	relationship	relationship	NOUN
fbem-31293	292	28	between	between	ADP
fbem-31293	292	29	nonfamily	nonfamily	NOUN
fbem-31293	292	30	manager	manager	NOUN
fbem-31293	292	31	involvement	involvement	NOUN
fbem-31293	292	32	and	and	CCONJ
fbem-31293	292	33	esg	esg	NOUN
fbem-31293	292	34	performance	performance	NOUN
fbem-31293	292	35	.	.	PUNCT
fbem-31293	293	1	the	the	DET
fbem-31293	293	2	mechanism	mechanism	NOUN
fbem-31293	293	3	behind	behind	ADV
fbem-31293	293	4	is	be	AUX
fbem-31293	293	5	the	the	DET
fbem-31293	293	6	trade	trade	NOUN
fbem-31293	293	7	-	-	PUNCT
fbem-31293	293	8	off	off	NOUN
fbem-31293	293	9	between	between	ADP
fbem-31293	293	10	the	the	DET
fbem-31293	293	11	agency	agency	NOUN
fbem-31293	293	12	advantages	advantage	NOUN
fbem-31293	293	13	and	and	CCONJ
fbem-31293	293	14	agency	agency	NOUN
fbem-31293	293	15	costs	cost	NOUN
fbem-31293	293	16	brought	bring	VERB
fbem-31293	293	17	by	by	ADP
fbem-31293	293	18	the	the	DET
fbem-31293	293	19	non	non	ADJ
fbem-31293	293	20	-	-	ADJ
fbem-31293	293	21	family	family	ADJ
fbem-31293	293	22	managers	manager	NOUN
fbem-31293	293	23	.	.	PUNCT
fbem-31293	294	1	furthermore	furthermore	ADV
fbem-31293	294	2	,	,	PUNCT
fbem-31293	294	3	by	by	ADP
fbem-31293	294	4	integrating	integrate	VERB
fbem-31293	294	5	the	the	DET
fbem-31293	294	6	role	role	NOUN
fbem-31293	294	7	of	of	ADP
fbem-31293	294	8	chinese	chinese	ADJ
fbem-31293	294	9	traditional	traditional	ADJ
fbem-31293	294	10	culture	culture	NOUN
fbem-31293	294	11	“	"	PUNCT
fbem-31293	294	12	familism	familism	NOUN
fbem-31293	294	13	”	"	PUNCT
fbem-31293	294	14	,	,	PUNCT
fbem-31293	294	15	i	i	PRON
fbem-31293	294	16	posit	posit	VERB
fbem-31293	294	17	that	that	SCONJ
fbem-31293	294	18	familism	familism	NOUN
fbem-31293	294	19	strengthens	strengthen	VERB
fbem-31293	294	20	this	this	DET
fbem-31293	294	21	non	non	ADJ
fbem-31293	294	22	linear	linear	PROPN
fbem-31293	294	23	relationship	relationship	NOUN
fbem-31293	294	24	.	.	PUNCT
fbem-31293	295	1	several	several	ADJ
fbem-31293	295	2	robustness	robustness	NOUN
fbem-31293	295	3	checks	check	NOUN
fbem-31293	295	4	are	be	AUX
fbem-31293	295	5	done	do	VERB
fbem-31293	295	6	to	to	PART
fbem-31293	295	7	validate	validate	VERB
fbem-31293	295	8	the	the	DET
fbem-31293	295	9	findings	finding	NOUN
fbem-31293	295	10	.	.	PUNCT
fbem-31293	296	1	this	this	DET
fbem-31293	296	2	study	study	NOUN
fbem-31293	296	3	makes	make	VERB
fbem-31293	296	4	contributions	contribution	NOUN
fbem-31293	296	5	to	to	ADP
fbem-31293	296	6	both	both	CCONJ
fbem-31293	296	7	the	the	DET
fbem-31293	296	8	academia	academia	NOUN
fbem-31293	296	9	and	and	CCONJ
fbem-31293	296	10	the	the	DET
fbem-31293	296	11	industry	industry	NOUN
fbem-31293	296	12	in	in	ADP
fbem-31293	296	13	several	several	ADJ
fbem-31293	296	14	ways	way	NOUN
fbem-31293	296	15	.	.	PUNCT
fbem-31293	297	1	first	first	ADV
fbem-31293	297	2	,	,	PUNCT
fbem-31293	297	3	this	this	DET
fbem-31293	297	4	study	study	NOUN
fbem-31293	297	5	challenges	challenge	VERB
fbem-31293	297	6	the	the	DET
fbem-31293	297	7	“	"	PUNCT
fbem-31293	297	8	either	either	CCONJ
fbem-31293	297	9	/	/	SYM
fbem-31293	297	10	or	or	CCONJ
fbem-31293	297	11	”	"	PUNCT
fbem-31293	297	12	assumptions	assumption	NOUN
fbem-31293	297	13	between	between	ADP
fbem-31293	297	14	professional	professional	ADJ
fbem-31293	297	15	management	management	NOUN
fbem-31293	297	16	and	and	CCONJ
fbem-31293	297	17	family	family	NOUN
fbem-31293	297	18	management	management	NOUN
fbem-31293	297	19	.	.	PUNCT
fbem-31293	298	1	unlike	unlike	ADP
fbem-31293	298	2	prior	prior	ADJ
fbem-31293	298	3	studies	study	NOUN
fbem-31293	298	4	which	which	PRON
fbem-31293	298	5	emphasize	emphasize	VERB
fbem-31293	298	6	the	the	DET
fbem-31293	298	7	role	role	NOUN
fbem-31293	298	8	of	of	ADP
fbem-31293	298	9	family	family	NOUN
fbem-31293	298	10	members	member	NOUN
fbem-31293	298	11	regarding	regard	VERB
fbem-31293	298	12	the	the	DET
fbem-31293	298	13	pursuit	pursuit	NOUN
fbem-31293	298	14	of	of	ADP
fbem-31293	298	15	nonfinancial	nonfinancial	ADJ
fbem-31293	298	16	goals	goal	NOUN
fbem-31293	298	17	,	,	PUNCT
fbem-31293	298	18	this	this	DET
fbem-31293	298	19	study	study	NOUN
fbem-31293	298	20	enriches	enrich	VERB
fbem-31293	298	21	the	the	DET
fbem-31293	298	22	literature	literature	NOUN
fbem-31293	298	23	from	from	ADP
fbem-31293	298	24	the	the	DET
fbem-31293	298	25	critical	critical	ADJ
fbem-31293	298	26	role	role	NOUN
fbem-31293	298	27	of	of	ADP
fbem-31293	298	28	hired	hire	VERB
fbem-31293	298	29	managers	manager	NOUN
fbem-31293	298	30	.	.	PUNCT
fbem-31293	299	1	second	second	ADJ
fbem-31293	299	2	,	,	PUNCT
fbem-31293	299	3	from	from	ADP
fbem-31293	299	4	the	the	DET
fbem-31293	299	5	view	view	NOUN
fbem-31293	299	6	76	76	NUM
fbem-31293	299	7	point	point	NOUN
fbem-31293	299	8	of	of	ADP
fbem-31293	299	9	informal	informal	ADJ
fbem-31293	299	10	interactions	interaction	NOUN
fbem-31293	299	11	,	,	PUNCT
fbem-31293	299	12	this	this	DET
fbem-31293	299	13	paper	paper	NOUN
fbem-31293	299	14	explores	explore	VERB
fbem-31293	299	15	the	the	DET
fbem-31293	299	16	role	role	NOUN
fbem-31293	299	17	of	of	ADP
fbem-31293	299	18	familism	familism	NOUN
fbem-31293	299	19	in	in	ADP
fbem-31293	299	20	the	the	DET
fbem-31293	299	21	“	"	PUNCT
fbem-31293	299	22	defamilization	defamilization	NOUN
fbem-31293	299	23	”	"	PUNCT
fbem-31293	299	24	process	process	NOUN
fbem-31293	299	25	of	of	ADP
fbem-31293	299	26	family	family	NOUN
fbem-31293	299	27	firms	firm	NOUN
fbem-31293	299	28	.	.	PUNCT
fbem-31293	300	1	this	this	PRON
fbem-31293	300	2	provides	provide	VERB
fbem-31293	300	3	a	a	DET
fbem-31293	300	4	new	new	ADJ
fbem-31293	300	5	angle	angle	NOUN
fbem-31293	300	6	to	to	PART
fbem-31293	300	7	position	position	VERB
fbem-31293	300	8	research	research	NOUN
fbem-31293	300	9	on	on	ADP
fbem-31293	300	10	family	family	NOUN
fbem-31293	300	11	business	business	NOUN
fbem-31293	300	12	.	.	PUNCT
fbem-31293	301	1	lastly	lastly	ADV
fbem-31293	301	2	,	,	PUNCT
fbem-31293	301	3	especially	especially	ADV
fbem-31293	301	4	for	for	ADP
fbem-31293	301	5	family	family	NOUN
fbem-31293	301	6	firms	firm	NOUN
fbem-31293	301	7	in	in	ADP
fbem-31293	301	8	china	china	PROPN
fbem-31293	301	9	that	that	PRON
fbem-31293	301	10	face	face	VERB
fbem-31293	301	11	financial	financial	ADJ
fbem-31293	301	12	constraints	constraint	NOUN
fbem-31293	301	13	,	,	PUNCT
fbem-31293	301	14	esg	esg	PROPN
fbem-31293	301	15	can	can	AUX
fbem-31293	301	16	serve	serve	VERB
fbem-31293	301	17	a	a	DET
fbem-31293	301	18	s	s	NOUN
fbem-31293	301	19	a	a	DET
fbem-31293	301	20	signal	signal	NOUN
fbem-31293	301	21	linking	link	VERB
fbem-31293	301	22	the	the	DET
fbem-31293	301	23	family	family	NOUN
fbem-31293	301	24	and	and	CCONJ
fbem-31293	301	25	external	external	ADJ
fbem-31293	301	26	stakeholders	stakeholder	NOUN
fbem-31293	301	27	,	,	PUNCT
fbem-31293	301	28	ultimately	ultimately	ADV
fbem-31293	301	29	enhancing	enhance	VERB
fbem-31293	301	30	the	the	DET
fbem-31293	301	31	firm	firm	ADJ
fbem-31293	301	32	value	value	NOUN
fbem-31293	301	33	(	(	PUNCT
fbem-31293	301	34	aydoğmuş	aydoğmuş	NOUN
fbem-31293	301	35	et	et	PROPN
fbem-31293	301	36	al	al	PROPN
fbem-31293	301	37	.	.	PROPN
fbem-31293	301	38	,	,	PUNCT
fbem-31293	301	39	2022	2022	NUM
fbem-31293	301	40	)	)	PUNCT
fbem-31293	301	41	.	.	PUNCT
fbem-31293	302	1	from	from	ADP
fbem-31293	302	2	the	the	DET
fbem-31293	302	3	perspective	perspective	NOUN
fbem-31293	302	4	of	of	ADP
fbem-31293	302	5	professional	professional	ADJ
fbem-31293	302	6	management	management	NOUN
fbem-31293	302	7	,	,	PUNCT
fbem-31293	302	8	the	the	DET
fbem-31293	302	9	research	research	NOUN
fbem-31293	302	10	findings	finding	NOUN
fbem-31293	302	11	offer	offer	VERB
fbem-31293	302	12	two	two	NUM
fbem-31293	302	13	major	major	ADJ
fbem-31293	302	14	recommendations	recommendation	NOUN
fbem-31293	302	15	for	for	ADP
fbem-31293	302	16	the	the	DET
fbem-31293	302	17	family	family	NOUN
fbem-31293	302	18	firms	firm	NOUN
fbem-31293	302	19	aspiring	aspire	VERB
fbem-31293	302	20	to	to	PART
fbem-31293	302	21	improve	improve	VERB
fbem-31293	302	22	their	their	PRON
fbem-31293	302	23	esg	esg	NOUN
fbem-31293	302	24	performance	performance	NOUN
fbem-31293	302	25	.	.	PUNCT
fbem-31293	303	1	first	first	ADV
fbem-31293	303	2	,	,	PUNCT
fbem-31293	303	3	maintain	maintain	VERB
fbem-31293	303	4	an	an	DET
fbem-31293	303	5	appropriate	appropriate	ADJ
fbem-31293	303	6	level	level	NOUN
fbem-31293	303	7	of	of	ADP
fbem-31293	303	8	nonfamily	nonfamily	NOUN
fbem-31293	303	9	manager	manager	NOUN
fbem-31293	303	10	involvement	involvement	NOUN
fbem-31293	303	11	;	;	PUNCT
fbem-31293	303	12	second	second	ADV
fbem-31293	303	13	,	,	PUNCT
fbem-31293	303	14	strengthen	strengthen	VERB
fbem-31293	303	15	hired	hire	VERB
fbem-31293	303	16	managers	manager	NOUN
fbem-31293	303	17	’	’	PART
fbem-31293	303	18	sense	sense	NOUN
fbem-31293	303	19	of	of	ADP
fbem-31293	303	20	belonging	belong	VERB
fbem-31293	303	21	and	and	CCONJ
fbem-31293	303	22	cultural	cultural	ADJ
fbem-31293	303	23	identification	identification	NOUN
fbem-31293	303	24	with	with	ADP
fbem-31293	303	25	the	the	DET
fbem-31293	303	26	firm	firm	NOUN
fbem-31293	303	27	through	through	ADP
fbem-31293	303	28	informal	informal	ADJ
fbem-31293	303	29	interactions	interaction	NOUN
fbem-31293	303	30	.	.	PUNCT
fbem-31293	304	1	however	however	ADV
fbem-31293	304	2	,	,	PUNCT
fbem-31293	304	3	this	this	DET
fbem-31293	304	4	paper	paper	NOUN
fbem-31293	304	5	’s	’s	PART
fbem-31293	304	6	contributions	contribution	NOUN
fbem-31293	304	7	should	should	AUX
fbem-31293	304	8	be	be	AUX
fbem-31293	304	9	viewed	view	VERB
fbem-31293	304	10	in	in	ADP
fbem-31293	304	11	light	light	NOUN
fbem-31293	304	12	of	of	ADP
fbem-31293	304	13	its	its	PRON
fbem-31293	304	14	limitations	limitation	NOUN
fbem-31293	304	15	.	.	PUNCT
fbem-31293	305	1	primarily	primarily	ADV
fbem-31293	305	2	,	,	PUNCT
fbem-31293	305	3	this	this	DET
fbem-31293	305	4	research	research	NOUN
fbem-31293	305	5	focuses	focus	VERB
fbem-31293	305	6	mainly	mainly	ADV
fbem-31293	305	7	on	on	ADP
fbem-31293	305	8	the	the	DET
fbem-31293	305	9	panel	panel	NOUN
fbem-31293	305	10	data	datum	NOUN
fbem-31293	305	11	of	of	ADP
fbem-31293	305	12	chinese	chinese	ADJ
fbem-31293	305	13	listed	list	VERB
fbem-31293	305	14	firms	firm	NOUN
fbem-31293	305	15	and	and	CCONJ
fbem-31293	305	16	examines	examine	VERB
fbem-31293	305	17	the	the	DET
fbem-31293	305	18	mechanism	mechanism	NOUN
fbem-31293	305	19	role	role	NOUN
fbem-31293	305	20	of	of	ADP
fbem-31293	305	21	chinese	chinese	ADJ
fbem-31293	305	22	traditional	traditional	ADJ
fbem-31293	305	23	culture	culture	NOUN
fbem-31293	305	24	.	.	PUNCT
fbem-31293	306	1	future	future	ADJ
fbem-31293	306	2	research	research	NOUN
fbem-31293	306	3	can	can	AUX
fbem-31293	306	4	analyze	analyze	VERB
fbem-31293	306	5	these	these	DET
fbem-31293	306	6	mechanisms	mechanism	NOUN
fbem-31293	306	7	from	from	ADP
fbem-31293	306	8	a	a	DET
fbem-31293	306	9	cross	cross	ADJ
fbem-31293	306	10	-	-	ADJ
fbem-31293	306	11	national	national	ADJ
fbem-31293	306	12	perspective	perspective	NOUN
fbem-31293	306	13	.	.	PUNCT
fbem-31293	307	1	moreover	moreover	ADV
fbem-31293	307	2	,	,	PUNCT
fbem-31293	307	3	this	this	DET
fbem-31293	307	4	paper	paper	NOUN
fbem-31293	307	5	conducts	conduct	VERB
fbem-31293	307	6	quantitative	quantitative	ADJ
fbem-31293	307	7	analysis	analysis	NOUN
fbem-31293	307	8	based	base	VERB
fbem-31293	307	9	on	on	ADP
fbem-31293	307	10	the	the	DET
fbem-31293	307	11	second	second	ADJ
fbem-31293	307	12	-	-	PUNCT
fbem-31293	307	13	hand	hand	NOUN
fbem-31293	307	14	panel	panel	NOUN
fbem-31293	307	15	data	datum	NOUN
fbem-31293	307	16	.	.	PUNCT
fbem-31293	308	1	future	future	ADJ
fbem-31293	308	2	study	study	NOUN
fbem-31293	308	3	can	can	AUX
fbem-31293	308	4	explore	explore	VERB
fbem-31293	308	5	using	use	VERB
fbem-31293	308	6	the	the	DET
fbem-31293	308	7	qualitative	qualitative	ADJ
fbem-31293	308	8	analysis	analysis	NOUN
fbem-31293	308	9	to	to	PART
fbem-31293	308	10	have	have	VERB
fbem-31293	308	11	a	a	DET
fbem-31293	308	12	more	more	ADV
fbem-31293	308	13	comprehensive	comprehensive	ADJ
fbem-31293	308	14	understanding	understanding	NOUN
fbem-31293	308	15	of	of	ADP
fbem-31293	308	16	the	the	DET
fbem-31293	308	17	topic	topic	NOUN
fbem-31293	308	18	.	.	PUNCT
fbem-31293	309	1	references	reference	NOUN
fbem-31293	309	2	[	[	X
fbem-31293	309	3	1	1	NUM
fbem-31293	309	4	]	]	X
fbem-31293	309	5	aldrich	aldrich	PROPN
fbem-31293	309	6	,	,	PUNCT
fbem-31293	309	7	h.e	h.e	PROPN
fbem-31293	309	8	.	.	PROPN
fbem-31293	309	9	,	,	PUNCT
fbem-31293	309	10	and	and	CCONJ
fbem-31293	309	11	cliff	cliff	NOUN
fbem-31293	309	12	,	,	PUNCT
fbem-31293	309	13	j.e	j.e	PROPN
fbem-31293	309	14	.	.	PROPN
fbem-31293	309	15	(	(	PUNCT
fbem-31293	309	16	2003	2003	NUM
fbem-31293	309	17	)	)	PUNCT
fbem-31293	309	18	.	.	PUNCT
fbem-31293	310	1	the	the	DET
fbem-31293	310	2	pervasive	pervasive	ADJ
fbem-31293	310	3	effects	effect	NOUN
fbem-31293	310	4	of	of	ADP
fbem-31293	310	5	family	family	NOUN
fbem-31293	310	6	on	on	ADP
fbem-31293	310	7	entrepreneurship	entrepreneurship	NOUN
fbem-31293	310	8	:	:	PUNCT
fbem-31293	310	9	toward	toward	ADP
fbem-31293	310	10	a	a	DET
fbem-31293	310	11	family	family	NOUN
fbem-31293	310	12	embeddedness	embeddedness	NOUN
fbem-31293	310	13	perspective	perspective	NOUN
fbem-31293	310	14	.	.	PUNCT
fbem-31293	311	1	journal	journal	NOUN
fbem-31293	311	2	of	of	ADP
fbem-31293	311	3	business	business	NOUN
fbem-31293	311	4	venturing	venturing	NOUN
fbem-31293	311	5	,	,	PUNCT
fbem-31293	311	6	18(5	18(5	NUM
fbem-31293	311	7	)	)	PUNCT
fbem-31293	311	8	,	,	PUNCT
fbem-31293	311	9	573–596	573–596	NUM
fbem-31293	311	10	.	.	PUNCT
fbem-31293	312	1	[	[	X
fbem-31293	312	2	2	2	NUM
fbem-31293	312	3	]	]	X
fbem-31293	312	4	aydoğmuş	aydoğmuş	NOUN
fbem-31293	312	5	,	,	PUNCT
fbem-31293	312	6	m.	m.	NOUN
fbem-31293	312	7	,	,	PUNCT
fbem-31293	312	8	gülay	gülay	NOUN
fbem-31293	312	9	,	,	PUNCT
fbem-31293	312	10	g.	g.	PROPN
fbem-31293	312	11	,	,	PUNCT
fbem-31293	312	12	and	and	CCONJ
fbem-31293	312	13	ergun	ergun	NOUN
fbem-31293	312	14	,	,	PUNCT
fbem-31293	312	15	k.	k.	PROPN
fbem-31293	312	16	(	(	PUNCT
fbem-31293	312	17	2022	2022	NUM
fbem-31293	312	18	)	)	PUNCT
fbem-31293	312	19	.	.	PUNCT
fbem-31293	313	1	impact	impact	NOUN
fbem-31293	313	2	of	of	ADP
fbem-31293	313	3	esg	esg	PROPN
fbem-31293	313	4	performance	performance	NOUN
fbem-31293	313	5	on	on	ADP
fbem-31293	313	6	firm	firm	ADJ
fbem-31293	313	7	value	value	NOUN
fbem-31293	313	8	and	and	CCONJ
fbem-31293	313	9	profitability	profitability	NOUN
fbem-31293	313	10	.	.	PUNCT
fbem-31293	314	1	borsaistanbul	borsaistanbul	PROPN
fbem-31293	314	2	review	review	PROPN
fbem-31293	314	3	,	,	PUNCT
fbem-31293	314	4	22(2	22(2	NUM
fbem-31293	314	5	)	)	PUNCT
fbem-31293	314	6	,	,	PUNCT
fbem-31293	314	7	s119	s119	PROPN
fbem-31293	314	8	–	–	PUNCT
fbem-31293	314	9	s127	s127	PROPN
fbem-31293	314	10	.	.	PUNCT
fbem-31293	315	1	[	[	X
fbem-31293	315	2	3	3	X
fbem-31293	315	3	]	]	X
fbem-31293	315	4	berrone	berrone	NOUN
fbem-31293	315	5	,	,	PUNCT
fbem-31293	315	6	p.	p.	PROPN
fbem-31293	315	7	,	,	PUNCT
fbem-31293	315	8	cruz	cruz	PROPN
fbem-31293	315	9	,	,	PUNCT
fbem-31293	315	10	c.	c.	PROPN
fbem-31293	315	11	,	,	PUNCT
fbem-31293	315	12	gomez	gomez	PROPN
fbem-31293	315	13	-	-	PUNCT
fbem-31293	315	14	mejia	mejia	PROPN
fbem-31293	315	15	,	,	PUNCT
fbem-31293	315	16	l.r	l.r	PROPN
fbem-31293	315	17	.	.	PROPN
fbem-31293	315	18	,	,	PUNCT
fbem-31293	315	19	and	and	CCONJ
fbem-31293	315	20	larraza	larraza	PROPN
fbem-31293	315	21	-	-	PUNCT
fbem-31293	315	22	kintana	kintana	PROPN
fbem-31293	315	23	,	,	PUNCT
fbem-31293	315	24	m.	m.	NOUN
fbem-31293	315	25	(	(	PUNCT
fbem-31293	315	26	2010	2010	NUM
fbem-31293	315	27	)	)	PUNCT
fbem-31293	315	28	.	.	PUNCT
fbem-31293	316	1	socioemotional	socioemotional	ADJ
fbem-31293	316	2	wealth	wealth	NOUN
fbem-31293	316	3	and	and	CCONJ
fbem-31293	316	4	corporate	corporate	ADJ
fbem-31293	316	5	responses	response	NOUN
fbem-31293	316	6	to	to	ADP
fbem-31293	316	7	institutional	institutional	ADJ
fbem-31293	316	8	pressures	pressure	NOUN
fbem-31293	316	9	:	:	PUNCT
fbem-31293	316	10	do	do	AUX
fbem-31293	316	11	family	family	NOUN
fbem-31293	316	12	-	-	PUNCT
fbem-31293	316	13	controlled	control	VERB
fbem-31293	316	14	firms	firm	NOUN
fbem-31293	316	15	pollute	pollute	VERB
fbem-31293	316	16	less	less	ADV
fbem-31293	316	17	?	?	PUNCT
fbem-31293	317	1	administrative	administrative	ADJ
fbem-31293	317	2	science	science	PROPN
fbem-31293	317	3	quarterly	quarterly	ADJ
fbem-31293	317	4	,	,	PUNCT
fbem-31293	317	5	55(1	55(1	NOUN
fbem-31293	317	6	)	)	PUNCT
fbem-31293	317	7	,	,	PUNCT
fbem-31293	317	8	82–113	82–113	NUM
fbem-31293	317	9	.	.	PUNCT
fbem-31293	318	1	[	[	X
fbem-31293	318	2	4	4	X
fbem-31293	318	3	]	]	X
fbem-31293	318	4	bertrand	bertrand	PROPN
fbem-31293	318	5	,	,	PUNCT
fbem-31293	318	6	m.	m.	NOUN
fbem-31293	318	7	,	,	PUNCT
fbem-31293	318	8	and	and	CCONJ
fbem-31293	318	9	schoar	schoar	VERB
fbem-31293	318	10	,	,	PUNCT
fbem-31293	318	11	a.	a.	NOUN
fbem-31293	318	12	(	(	PUNCT
fbem-31293	318	13	2006	2006	NUM
fbem-31293	318	14	)	)	PUNCT
fbem-31293	318	15	.	.	PUNCT
fbem-31293	319	1	the	the	DET
fbem-31293	319	2	role	role	NOUN
fbem-31293	319	3	of	of	ADP
fbem-31293	319	4	family	family	NOUN
fbem-31293	319	5	in	in	ADP
fbem-31293	319	6	family	family	NOUN
fbem-31293	319	7	firms	firm	NOUN
fbem-31293	319	8	.	.	PUNCT
fbem-31293	320	1	journal	journal	NOUN
fbem-31293	320	2	of	of	ADP
fbem-31293	320	3	economic	economic	ADJ
fbem-31293	320	4	perspectives	perspective	NOUN
fbem-31293	320	5	,	,	PUNCT
fbem-31293	320	6	20(2	20(2	NUM
fbem-31293	320	7	)	)	PUNCT
fbem-31293	320	8	,	,	PUNCT
fbem-31293	320	9	73–96	73–96	NUM
fbem-31293	320	10	.	.	PUNCT
fbem-31293	321	1	[	[	X
fbem-31293	321	2	5	5	NUM
fbem-31293	321	3	]	]	SYM
fbem-31293	321	4	binacci	binacci	PROPN
fbem-31293	321	5	,	,	PUNCT
fbem-31293	321	6	m.	m.	NOUN
fbem-31293	321	7	,	,	PUNCT
fbem-31293	321	8	peruffo	peruffo	NOUN
fbem-31293	321	9	,	,	PUNCT
fbem-31293	321	10	e.	e.	PROPN
fbem-31293	321	11	,	,	PUNCT
fbem-31293	321	12	oriani	oriani	PROPN
fbem-31293	321	13	,	,	PUNCT
fbem-31293	321	14	r.	r.	PROPN
fbem-31293	321	15	,	,	PUNCT
fbem-31293	321	16	and	and	CCONJ
fbem-31293	321	17	minichilli	minichilli	PROPN
fbem-31293	321	18	,	,	PUNCT
fbem-31293	321	19	a.	a.	NOUN
fbem-31293	321	20	(	(	PUNCT
fbem-31293	321	21	2015	2015	NUM
fbem-31293	321	22	)	)	PUNCT
fbem-31293	321	23	.	.	PUNCT
fbem-31293	322	1	are	be	AUX
fbem-31293	322	2	all	all	PRON
fbem-31293	322	3	non	non	ADJ
fbem-31293	322	4	-	-	ADJ
fbem-31293	322	5	family	family	ADJ
fbem-31293	322	6	managers	manager	NOUN
fbem-31293	322	7	(	(	PUNCT
fbem-31293	322	8	nfms	nfms	PROPN
fbem-31293	322	9	)	)	PUNCT
fbem-31293	322	10	equal	equal	ADJ
fbem-31293	322	11	?	?	PUNCT
fbem-31293	323	1	the	the	DET
fbem-31293	323	2	impact	impact	NOUN
fbem-31293	323	3	of	of	ADP
fbem-31293	323	4	nfm	nfm	PROPN
fbem-31293	323	5	characteristics	characteristic	NOUN
fbem-31293	323	6	and	and	CCONJ
fbem-31293	323	7	diversity	diversity	NOUN
fbem-31293	323	8	on	on	ADP
fbem-31293	323	9	family	family	NOUN
fbem-31293	323	10	firm	firm	ADJ
fbem-31293	323	11	performance	performance	NOUN
fbem-31293	323	12	.	.	PUNCT
fbem-31293	324	1	corporate	corporate	ADJ
fbem-31293	324	2	governance	governance	NOUN
fbem-31293	324	3	:	:	PUNCT
fbem-31293	324	4	an	an	DET
fbem-31293	324	5	international	international	ADJ
fbem-31293	324	6	review	review	NOUN
fbem-31293	324	7	,	,	PUNCT
fbem-31293	324	8	24(6	24(6	NUM
fbem-31293	324	9	)	)	PUNCT
fbem-31293	324	10	,	,	PUNCT
fbem-31293	324	11	569–583	569–583	NUM
fbem-31293	324	12	.	.	PUNCT
fbem-31293	325	1	[	[	X
fbem-31293	325	2	6	6	NUM
fbem-31293	325	3	]	]	SYM
fbem-31293	325	4	bingde	bingde	NOUN
fbem-31293	325	5	,	,	PUNCT
fbem-31293	325	6	w.	w.	PROPN
fbem-31293	325	7	,	,	PUNCT
fbem-31293	325	8	wei	wei	PROPN
fbem-31293	325	9	,	,	PUNCT
fbem-31293	325	10	z.	z.	PROPN
fbem-31293	325	11	,	,	PUNCT
fbem-31293	325	12	shihui	shihui	PROPN
fbem-31293	325	13	,	,	PUNCT
fbem-31293	325	14	c.	c.	PROPN
fbem-31293	325	15	,	,	PUNCT
fbem-31293	325	16	ling	ling	PROPN
fbem-31293	325	17	,	,	PUNCT
fbem-31293	325	18	c.	c.	PROPN
fbem-31293	325	19	,	,	PUNCT
fbem-31293	325	20	and	and	CCONJ
fbem-31293	325	21	jian’an	jian’an	PROPN
fbem-31293	325	22	,	,	PUNCT
fbem-31293	325	23	z.	z.	PROPN
fbem-31293	325	24	(	(	PUNCT
fbem-31293	325	25	2022	2022	NUM
fbem-31293	325	26	)	)	PUNCT
fbem-31293	325	27	.	.	PUNCT
fbem-31293	326	1	research	research	NOUN
fbem-31293	326	2	on	on	ADP
fbem-31293	326	3	the	the	DET
fbem-31293	326	4	relationship	relationship	NOUN
fbem-31293	326	5	between	between	ADP
fbem-31293	326	6	non	non	ADJ
fbem-31293	326	7	-	-	ADJ
fbem-31293	326	8	family	family	ADJ
fbem-31293	326	9	managers	manager	NOUN
fbem-31293	326	10	’	’	PART
fbem-31293	326	11	ratio	ratio	NOUN
fbem-31293	326	12	and	and	CCONJ
fbem-31293	326	13	innovation	innovation	NOUN
fbem-31293	326	14	output	output	NOUN
fbem-31293	326	15	in	in	ADP
fbem-31293	326	16	family	family	NOUN
fbem-31293	326	17	firms	firm	NOUN
fbem-31293	326	18	:	:	PUNCT
fbem-31293	326	19	rethinking	rethink	VERB
fbem-31293	326	20	chandler	chandler	NOUN
fbem-31293	326	21	’s	’s	PART
fbem-31293	326	22	proposition	proposition	NOUN
fbem-31293	326	23	.	.	PUNCT
fbem-31293	327	1	foreign	foreign	ADJ
fbem-31293	327	2	economics	economic	NOUN
fbem-31293	327	3	&	&	CCONJ
fbem-31293	327	4	management	management	NOUN
fbem-31293	327	5	,	,	PUNCT
fbem-31293	327	6	44(10	44(10	NOUN
fbem-31293	327	7	)	)	PUNCT
fbem-31293	327	8	,	,	PUNCT
fbem-31293	327	9	36	36	NUM
fbem-31293	327	10	-	-	SYM
fbem-31293	327	11	53	53	NUM
fbem-31293	327	12	.	.	PUNCT
fbem-31293	328	1	[	[	X
fbem-31293	328	2	7	7	NUM
fbem-31293	328	3	]	]	X
fbem-31293	328	4	bozec	bozec	ADJ
fbem-31293	328	5	,	,	PUNCT
fbem-31293	328	6	y.	y.	NOUN
fbem-31293	328	7	,	,	PUNCT
fbem-31293	328	8	and	and	CCONJ
fbem-31293	328	9	laurin	laurin	NOUN
fbem-31293	328	10	,	,	PUNCT
fbem-31293	328	11	c.	c.	PROPN
fbem-31293	328	12	(	(	PUNCT
fbem-31293	328	13	2008	2008	NUM
fbem-31293	328	14	)	)	PUNCT
fbem-31293	328	15	.	.	PUNCT
fbem-31293	329	1	large	large	ADJ
fbem-31293	329	2	shareholder	shareholder	NOUN
fbem-31293	329	3	entrenchment	entrenchment	NOUN
fbem-31293	329	4	and	and	CCONJ
fbem-31293	329	5	performance	performance	NOUN
fbem-31293	329	6	:	:	PUNCT
fbem-31293	329	7	empirical	empirical	ADJ
fbem-31293	329	8	evidence	evidence	NOUN
fbem-31293	329	9	from	from	ADP
fbem-31293	329	10	canada	canada	PROPN
fbem-31293	329	11	.	.	PUNCT
fbem-31293	330	1	journal	journal	PROPN
fbem-31293	330	2	of	of	ADP
fbem-31293	330	3	business	business	NOUN
fbem-31293	330	4	finance	finance	PROPN
fbem-31293	330	5	&	&	CCONJ
fbem-31293	330	6	accounting	accounting	PROPN
fbem-31293	330	7	,	,	PUNCT
fbem-31293	330	8	35(1	35(1	NOUN
fbem-31293	330	9	-	-	PUNCT
fbem-31293	330	10	2	2	NUM
fbem-31293	330	11	)	)	PUNCT
fbem-31293	330	12	,	,	PUNCT
fbem-31293	330	13	25–49	25–49	NUM
fbem-31293	330	14	.	.	PUNCT
fbem-31293	331	1	[	[	X
fbem-31293	331	2	8	8	NUM
fbem-31293	331	3	]	]	X
fbem-31293	331	4	carney	carney	NOUN
fbem-31293	331	5	,	,	PUNCT
fbem-31293	331	6	m.	m.	NOUN
fbem-31293	331	7	(	(	PUNCT
fbem-31293	331	8	2005	2005	NUM
fbem-31293	331	9	)	)	PUNCT
fbem-31293	331	10	.	.	PUNCT
fbem-31293	332	1	corporate	corporate	ADJ
fbem-31293	332	2	governance	governance	NOUN
fbem-31293	332	3	and	and	CCONJ
fbem-31293	332	4	competitive	competitive	ADJ
fbem-31293	332	5	advantage	advantage	NOUN
fbem-31293	332	6	in	in	ADP
fbem-31293	332	7	family	family	NOUN
fbem-31293	332	8	-	-	PUNCT
fbem-31293	332	9	controlled	control	VERB
fbem-31293	332	10	firms	firm	NOUN
fbem-31293	332	11	.	.	PUNCT
fbem-31293	333	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	333	2	theory	theory	NOUN
fbem-31293	333	3	and	and	CCONJ
fbem-31293	333	4	practice	practice	NOUN
fbem-31293	333	5	,	,	PUNCT
fbem-31293	333	6	29(3	29(3	NUM
fbem-31293	333	7	)	)	PUNCT
fbem-31293	333	8	,	,	PUNCT
fbem-31293	333	9	249–265	249–265	NUM
fbem-31293	333	10	.	.	PUNCT
fbem-31293	334	1	[	[	X
fbem-31293	334	2	9	9	NUM
fbem-31293	334	3	]	]	SYM
fbem-31293	334	4	chandler	chandler	NOUN
fbem-31293	334	5	,	,	PUNCT
fbem-31293	334	6	a.d	a.d	PROPN
fbem-31293	334	7	.	.	PROPN
fbem-31293	334	8	(	(	PUNCT
fbem-31293	334	9	1977	1977	NUM
fbem-31293	334	10	)	)	PUNCT
fbem-31293	334	11	.	.	PUNCT
fbem-31293	335	1	the	the	DET
fbem-31293	335	2	visible	visible	ADJ
fbem-31293	335	3	hand	hand	NOUN
fbem-31293	335	4	:	:	PUNCT
fbem-31293	335	5	the	the	DET
fbem-31293	335	6	managerial	managerial	ADJ
fbem-31293	335	7	revolution	revolution	NOUN
fbem-31293	335	8	in	in	ADP
fbem-31293	335	9	american	american	ADJ
fbem-31293	335	10	business	business	NOUN
fbem-31293	335	11	.	.	PUNCT
fbem-31293	336	1	belknap	belknap	PROPN
fbem-31293	336	2	press	press	PROPN
fbem-31293	336	3	of	of	ADP
fbem-31293	336	4	harvard	harvard	PROPN
fbem-31293	336	5	university	university	PROPN
fbem-31293	336	6	press	press	NOUN
fbem-31293	336	7	.	.	PUNCT
fbem-31293	337	1	[	[	X
fbem-31293	337	2	10	10	NUM
fbem-31293	337	3	]	]	X
fbem-31293	337	4	chen	chen	PROPN
fbem-31293	337	5	,	,	PUNCT
fbem-31293	337	6	m.	m.	NOUN
fbem-31293	337	7	,	,	PUNCT
fbem-31293	337	8	xiao	xiao	PROPN
fbem-31293	337	9	,	,	PUNCT
fbem-31293	337	10	j.z	j.z	PROPN
fbem-31293	337	11	.	.	PROPN
fbem-31293	337	12	,	,	PUNCT
fbem-31293	337	13	and	and	CCONJ
fbem-31293	337	14	zhao	zhao	PROPN
fbem-31293	337	15	,	,	PUNCT
fbem-31293	337	16	y.	y.	PROPN
fbem-31293	337	17	(	(	PUNCT
fbem-31293	337	18	2021	2021	NUM
fbem-31293	337	19	)	)	PUNCT
fbem-31293	337	20	.	.	PUNCT
fbem-31293	338	1	confucianism	confucianism	PROPN
fbem-31293	338	2	,	,	PUNCT
fbem-31293	338	3	successor	successor	NOUN
fbem-31293	338	4	choice	choice	NOUN
fbem-31293	338	5	,	,	PUNCT
fbem-31293	338	6	and	and	CCONJ
fbem-31293	338	7	firm	firm	ADJ
fbem-31293	338	8	performance	performance	NOUN
fbem-31293	338	9	in	in	ADP
fbem-31293	338	10	family	family	NOUN
fbem-31293	338	11	firms	firm	NOUN
fbem-31293	338	12	:	:	PUNCT
fbem-31293	338	13	evidence	evidence	NOUN
fbem-31293	338	14	from	from	ADP
fbem-31293	338	15	china	china	PROPN
fbem-31293	338	16	.	.	PUNCT
fbem-31293	339	1	journal	journal	PROPN
fbem-31293	339	2	of	of	ADP
fbem-31293	339	3	corporate	corporate	ADJ
fbem-31293	339	4	finance	finance	NOUN
fbem-31293	339	5	,	,	PUNCT
fbem-31293	339	6	69(3):102023	69(3):102023	NUM
fbem-31293	339	7	.	.	PUNCT
fbem-31293	340	1	[	[	X
fbem-31293	340	2	11	11	NUM
fbem-31293	340	3	]	]	SYM
fbem-31293	340	4	chirico	chirico	PROPN
fbem-31293	340	5	,	,	PUNCT
fbem-31293	340	6	f.	f.	PROPN
fbem-31293	340	7	,	,	PUNCT
fbem-31293	340	8	ireland	ireland	PROPN
fbem-31293	340	9	,	,	PUNCT
fbem-31293	340	10	r.d	r.d	PROPN
fbem-31293	340	11	.	.	PROPN
fbem-31293	340	12	,	,	PUNCT
fbem-31293	340	13	and	and	CCONJ
fbem-31293	340	14	sirmon	sirmon	ADJ
fbem-31293	340	15	,	,	PUNCT
fbem-31293	340	16	d.g	d.g	PROPN
fbem-31293	340	17	.	.	PROPN
fbem-31293	340	18	(	(	PUNCT
fbem-31293	340	19	2011	2011	NUM
fbem-31293	340	20	)	)	PUNCT
fbem-31293	340	21	.	.	PUNCT
fbem-31293	341	1	franchising	franchising	NOUN
fbem-31293	341	2	and	and	CCONJ
fbem-31293	341	3	the	the	DET
fbem-31293	341	4	family	family	NOUN
fbem-31293	341	5	firm	firm	NOUN
fbem-31293	341	6	:	:	PUNCT
fbem-31293	341	7	creating	create	VERB
fbem-31293	341	8	unique	unique	ADJ
fbem-31293	341	9	sources	source	NOUN
fbem-31293	341	10	of	of	ADP
fbem-31293	341	11	advantage	advantage	NOUN
fbem-31293	341	12	through	through	ADP
fbem-31293	341	13	“	"	PUNCT
fbem-31293	341	14	familiness	familiness	NOUN
fbem-31293	341	15	”	"	PUNCT
fbem-31293	341	16	.	.	PUNCT
fbem-31293	342	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	342	2	theory	theory	NOUN
fbem-31293	342	3	and	and	CCONJ
fbem-31293	342	4	practice	practice	NOUN
fbem-31293	342	5	,	,	PUNCT
fbem-31293	342	6	35(3	35(3	NUM
fbem-31293	342	7	)	)	PUNCT
fbem-31293	342	8	,	,	PUNCT
fbem-31293	342	9	483–501	483–501	NUM
fbem-31293	342	10	.	.	PUNCT
fbem-31293	343	1	[	[	X
fbem-31293	343	2	12	12	NUM
fbem-31293	343	3	]	]	X
fbem-31293	343	4	chrisman	chrisman	PROPN
fbem-31293	343	5	,	,	PUNCT
fbem-31293	343	6	j.j	j.j	PROPN
fbem-31293	343	7	.	.	PROPN
fbem-31293	343	8	,	,	PUNCT
fbem-31293	343	9	chua	chua	PROPN
fbem-31293	343	10	,	,	PUNCT
fbem-31293	343	11	j.h	j.h	PROPN
fbem-31293	343	12	.	.	PROPN
fbem-31293	343	13	,	,	PUNCT
fbem-31293	343	14	and	and	CCONJ
fbem-31293	343	15	kellermanns	kellermann	NOUN
fbem-31293	343	16	,	,	PUNCT
fbem-31293	343	17	f.	f.	PROPN
fbem-31293	343	18	(	(	PUNCT
fbem-31293	343	19	2009	2009	NUM
fbem-31293	343	20	)	)	PUNCT
fbem-31293	343	21	.	.	PUNCT
fbem-31293	344	1	priorities	priority	NOUN
fbem-31293	344	2	,	,	PUNCT
fbem-31293	344	3	resource	resource	NOUN
fbem-31293	344	4	stocks	stock	NOUN
fbem-31293	344	5	,	,	PUNCT
fbem-31293	344	6	and	and	CCONJ
fbem-31293	344	7	performance	performance	NOUN
fbem-31293	344	8	in	in	ADP
fbem-31293	344	9	family	family	NOUN
fbem-31293	344	10	and	and	CCONJ
fbem-31293	344	11	nonfamily	nonfamily	NOUN
fbem-31293	344	12	firms	firm	NOUN
fbem-31293	344	13	.	.	PUNCT
fbem-31293	345	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	345	2	theory	theory	NOUN
fbem-31293	345	3	and	and	CCONJ
fbem-31293	345	4	practice	practice	NOUN
fbem-31293	345	5	,	,	PUNCT
fbem-31293	345	6	33(3	33(3	NOUN
fbem-31293	345	7	)	)	PUNCT
fbem-31293	345	8	,	,	PUNCT
fbem-31293	345	9	739–760	739–760	NUM
fbem-31293	345	10	.	.	PUNCT
fbem-31293	346	1	[	[	X
fbem-31293	346	2	13	13	NUM
fbem-31293	346	3	]	]	SYM
fbem-31293	346	4	chrisman	chrisman	PROPN
fbem-31293	346	5	,	,	PUNCT
fbem-31293	346	6	j.j	j.j	PROPN
fbem-31293	346	7	.	.	PROPN
fbem-31293	346	8	,	,	PUNCT
fbem-31293	346	9	chua	chua	PROPN
fbem-31293	346	10	,	,	PUNCT
fbem-31293	346	11	j.h	j.h	PROPN
fbem-31293	346	12	.	.	PROPN
fbem-31293	346	13	,	,	PUNCT
fbem-31293	346	14	and	and	CCONJ
fbem-31293	346	15	steier	steier	NOUN
fbem-31293	346	16	,	,	PUNCT
fbem-31293	346	17	l.	l.	PROPN
fbem-31293	346	18	(	(	PUNCT
fbem-31293	346	19	2005	2005	NUM
fbem-31293	346	20	)	)	PUNCT
fbem-31293	346	21	.	.	PUNCT
fbem-31293	347	1	sources	source	NOUN
fbem-31293	347	2	and	and	CCONJ
fbem-31293	347	3	consequences	consequence	NOUN
fbem-31293	347	4	of	of	ADP
fbem-31293	347	5	distinctive	distinctive	ADJ
fbem-31293	347	6	familiness	familiness	NOUN
fbem-31293	347	7	:	:	PUNCT
fbem-31293	347	8	an	an	DET
fbem-31293	347	9	introduction	introduction	NOUN
fbem-31293	347	10	.	.	PUNCT
fbem-31293	348	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	348	2	theory	theory	NOUN
fbem-31293	348	3	and	and	CCONJ
fbem-31293	348	4	practice	practice	NOUN
fbem-31293	348	5	,	,	PUNCT
fbem-31293	348	6	29(3	29(3	NUM
fbem-31293	348	7	)	)	PUNCT
fbem-31293	348	8	,	,	PUNCT
fbem-31293	348	9	237–247	237–247	NUM
fbem-31293	348	10	.	.	PUNCT
fbem-31293	349	1	[	[	X
fbem-31293	349	2	14	14	NUM
fbem-31293	349	3	]	]	X
fbem-31293	349	4	chrisman	chrisman	PROPN
fbem-31293	349	5	,	,	PUNCT
fbem-31293	349	6	j.j	j.j	PROPN
fbem-31293	349	7	.	.	PROPN
fbem-31293	349	8	,	,	PUNCT
fbem-31293	349	9	and	and	CCONJ
fbem-31293	349	10	patel	patel	PROPN
fbem-31293	349	11	,	,	PUNCT
fbem-31293	349	12	p.c	p.c	PROPN
fbem-31293	349	13	.	.	PROPN
fbem-31293	349	14	(	(	PUNCT
fbem-31293	349	15	2012	2012	NUM
fbem-31293	349	16	)	)	PUNCT
fbem-31293	349	17	.	.	PUNCT
fbem-31293	350	1	variations	variation	NOUN
fbem-31293	350	2	in	in	ADP
fbem-31293	350	3	r&d	r&d	NOUN
fbem-31293	350	4	investments	investment	NOUN
fbem-31293	350	5	of	of	ADP
fbem-31293	350	6	family	family	NOUN
fbem-31293	350	7	and	and	CCONJ
fbem-31293	350	8	nonfamily	nonfamily	NOUN
fbem-31293	350	9	firms	firm	NOUN
fbem-31293	350	10	:	:	PUNCT
fbem-31293	350	11	behavioral	behavioral	ADJ
fbem-31293	350	12	agency	agency	NOUN
fbem-31293	350	13	and	and	CCONJ
fbem-31293	350	14	myopic	myopic	ADJ
fbem-31293	350	15	loss	loss	NOUN
fbem-31293	350	16	aversion	aversion	NOUN
fbem-31293	350	17	perspectives	perspective	NOUN
fbem-31293	350	18	.	.	PUNCT
fbem-31293	351	1	academy	academy	PROPN
fbem-31293	351	2	of	of	ADP
fbem-31293	351	3	management	management	PROPN
fbem-31293	351	4	journal	journal	NOUN
fbem-31293	351	5	,	,	PUNCT
fbem-31293	351	6	55(4	55(4	PROPN
fbem-31293	351	7	)	)	PUNCT
fbem-31293	351	8	,	,	PUNCT
fbem-31293	351	9	976–997	976–997	NUM
fbem-31293	351	10	.	.	PUNCT
fbem-31293	352	1	[	[	X
fbem-31293	352	2	15	15	NUM
fbem-31293	352	3	]	]	X
fbem-31293	352	4	chua	chua	PROPN
fbem-31293	352	5	,	,	PUNCT
fbem-31293	352	6	j.h	j.h	PROPN
fbem-31293	352	7	.	.	PROPN
fbem-31293	352	8	,	,	PUNCT
fbem-31293	352	9	chrisman	chrisman	PROPN
fbem-31293	352	10	,	,	PUNCT
fbem-31293	352	11	j.j	j.j	PROPN
fbem-31293	352	12	.	.	PROPN
fbem-31293	352	13	,	,	PUNCT
fbem-31293	352	14	and	and	CCONJ
fbem-31293	352	15	bergiel	bergiel	PROPN
fbem-31293	352	16	,	,	PUNCT
fbem-31293	352	17	e.b	e.b	PROPN
fbem-31293	352	18	.	.	PUNCT
fbem-31293	352	19	(	(	PUNCT
fbem-31293	352	20	2009	2009	NUM
fbem-31293	352	21	)	)	PUNCT
fbem-31293	352	22	.	.	PUNCT
fbem-31293	353	1	an	an	DET
fbem-31293	353	2	agency	agency	NOUN
fbem-31293	353	3	theoretic	theoretic	NOUN
fbem-31293	353	4	analysis	analysis	NOUN
fbem-31293	353	5	of	of	ADP
fbem-31293	353	6	the	the	DET
fbem-31293	353	7	professionalized	professionalized	ADJ
fbem-31293	353	8	family	family	NOUN
fbem-31293	353	9	firm	firm	NOUN
fbem-31293	353	10	.	.	PUNCT
fbem-31293	354	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	354	2	theory	theory	NOUN
fbem-31293	354	3	and	and	CCONJ
fbem-31293	354	4	practice	practice	NOUN
fbem-31293	354	5	,	,	PUNCT
fbem-31293	354	6	33(2	33(2	NUM
fbem-31293	354	7	)	)	PUNCT
fbem-31293	354	8	,	,	PUNCT
fbem-31293	354	9	355–372	355–372	NUM
fbem-31293	354	10	.	.	PUNCT
fbem-31293	355	1	[	[	X
fbem-31293	355	2	16	16	NUM
fbem-31293	355	3	]	]	X
fbem-31293	355	4	chua	chua	PROPN
fbem-31293	355	5	,	,	PUNCT
fbem-31293	355	6	j.h	j.h	PROPN
fbem-31293	355	7	.	.	PROPN
fbem-31293	355	8	,	,	PUNCT
fbem-31293	355	9	chrisman	chrisman	PROPN
fbem-31293	355	10	,	,	PUNCT
fbem-31293	355	11	j.j	j.j	PROPN
fbem-31293	355	12	.	.	PROPN
fbem-31293	355	13	,	,	PUNCT
fbem-31293	355	14	and	and	CCONJ
fbem-31293	355	15	sharma	sharma	PROPN
fbem-31293	355	16	,	,	PUNCT
fbem-31293	355	17	p.	p.	NOUN
fbem-31293	355	18	(	(	PUNCT
fbem-31293	355	19	1999	1999	NUM
fbem-31293	355	20	)	)	PUNCT
fbem-31293	355	21	.	.	PUNCT
fbem-31293	356	1	defining	define	VERB
fbem-31293	356	2	the	the	DET
fbem-31293	356	3	family	family	NOUN
fbem-31293	356	4	business	business	NOUN
fbem-31293	356	5	by	by	ADP
fbem-31293	356	6	behavior	behavior	NOUN
fbem-31293	356	7	.	.	PUNCT
fbem-31293	357	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	357	2	theory	theory	NOUN
fbem-31293	357	3	and	and	CCONJ
fbem-31293	357	4	practice	practice	NOUN
fbem-31293	357	5	,	,	PUNCT
fbem-31293	357	6	23(4	23(4	NOUN
fbem-31293	357	7	)	)	PUNCT
fbem-31293	357	8	,	,	PUNCT
fbem-31293	357	9	19–39	19–39	NUM
fbem-31293	357	10	.	.	PUNCT
fbem-31293	358	1	[	[	X
fbem-31293	358	2	17	17	NUM
fbem-31293	358	3	]	]	X
fbem-31293	358	4	chua	chua	PROPN
fbem-31293	358	5	,	,	PUNCT
fbem-31293	358	6	j.h	j.h	PROPN
fbem-31293	358	7	.	.	PROPN
fbem-31293	358	8	,	,	PUNCT
fbem-31293	358	9	chrisman	chrisman	PROPN
fbem-31293	358	10	,	,	PUNCT
fbem-31293	358	11	j.j	j.j	PROPN
fbem-31293	358	12	.	.	PROPN
fbem-31293	358	13	,	,	PUNCT
fbem-31293	358	14	and	and	CCONJ
fbem-31293	358	15	sharma	sharma	PROPN
fbem-31293	358	16	,	,	PUNCT
fbem-31293	358	17	p.	p.	NOUN
fbem-31293	358	18	(	(	PUNCT
fbem-31293	358	19	2003	2003	NUM
fbem-31293	358	20	)	)	PUNCT
fbem-31293	358	21	.	.	PUNCT
fbem-31293	359	1	succession	succession	NOUN
fbem-31293	359	2	and	and	CCONJ
fbem-31293	359	3	nonsuccession	nonsuccession	NOUN
fbem-31293	359	4	concerns	concern	NOUN
fbem-31293	359	5	of	of	ADP
fbem-31293	359	6	family	family	NOUN
fbem-31293	359	7	firms	firm	NOUN
fbem-31293	359	8	and	and	CCONJ
fbem-31293	359	9	agency	agency	NOUN
fbem-31293	359	10	relationship	relationship	NOUN
fbem-31293	359	11	with	with	ADP
fbem-31293	359	12	nonfamily	nonfamily	NOUN
fbem-31293	359	13	managers	manager	NOUN
fbem-31293	359	14	.	.	PUNCT
fbem-31293	360	1	family	family	NOUN
fbem-31293	360	2	business	business	PROPN
fbem-31293	360	3	review	review	PROPN
fbem-31293	360	4	,	,	PUNCT
fbem-31293	360	5	16(2	16(2	NUM
fbem-31293	360	6	)	)	PUNCT
fbem-31293	360	7	,	,	PUNCT
fbem-31293	360	8	89–107	89–107	PROPN
fbem-31293	360	9	.	.	PUNCT
fbem-31293	361	1	[	[	X
fbem-31293	361	2	18	18	NUM
fbem-31293	361	3	]	]	PUNCT
fbem-31293	361	4	clauß	clauß	NOUN
fbem-31293	361	5	,	,	PUNCT
fbem-31293	361	6	t.	t.	PROPN
fbem-31293	361	7	,	,	PUNCT
fbem-31293	361	8	kraus	kraus	PROPN
fbem-31293	361	9	,	,	PUNCT
fbem-31293	361	10	s.	s.	PROPN
fbem-31293	361	11	,	,	PUNCT
fbem-31293	361	12	and	and	CCONJ
fbem-31293	361	13	jones	jones	PROPN
fbem-31293	361	14	,	,	PUNCT
fbem-31293	361	15	p.	p.	NOUN
fbem-31293	361	16	(	(	PUNCT
fbem-31293	361	17	2022	2022	NUM
fbem-31293	361	18	)	)	PUNCT
fbem-31293	361	19	.	.	PUNCT
fbem-31293	362	1	sustainability	sustainability	NOUN
fbem-31293	362	2	in	in	ADP
fbem-31293	362	3	family	family	NOUN
fbem-31293	362	4	business	business	NOUN
fbem-31293	362	5	:	:	PUNCT
fbem-31293	362	6	mechanisms	mechanism	NOUN
fbem-31293	362	7	,	,	PUNCT
fbem-31293	362	8	technologies	technology	NOUN
fbem-31293	362	9	and	and	CCONJ
fbem-31293	362	10	business	business	NOUN
fbem-31293	362	11	models	model	NOUN
fbem-31293	362	12	for	for	ADP
fbem-31293	362	13	achieving	achieve	VERB
fbem-31293	362	14	economic	economic	ADJ
fbem-31293	362	15	prosperity	prosperity	NOUN
fbem-31293	362	16	,	,	PUNCT
fbem-31293	362	17	environmental	environmental	ADJ
fbem-31293	362	18	quality	quality	NOUN
fbem-31293	362	19	and	and	CCONJ
fbem-31293	362	20	social	social	ADJ
fbem-31293	362	21	equity	equity	NOUN
fbem-31293	362	22	.	.	PUNCT
fbem-31293	363	1	technological	technological	ADJ
fbem-31293	363	2	forecasting	forecasting	NOUN
fbem-31293	363	3	and	and	CCONJ
fbem-31293	363	4	social	social	ADJ
fbem-31293	363	5	change	change	NOUN
fbem-31293	363	6	,	,	PUNCT
fbem-31293	363	7	176	176	NUM
fbem-31293	363	8	,	,	PUNCT
fbem-31293	363	9	121450	121450	NUM
fbem-31293	363	10	.	.	PUNCT
fbem-31293	364	1	[	[	X
fbem-31293	364	2	19	19	NUM
fbem-31293	364	3	]	]	X
fbem-31293	364	4	correia	correia	PROPN
fbem-31293	364	5	,	,	PUNCT
fbem-31293	364	6	s.	s.	PROPN
fbem-31293	364	7	(	(	PUNCT
fbem-31293	364	8	2016	2016	NUM
fbem-31293	364	9	)	)	PUNCT
fbem-31293	364	10	.	.	PUNCT
fbem-31293	365	1	reghdfe	reghdfe	PROPN
fbem-31293	365	2	:	:	PUNCT
fbem-31293	365	3	estimating	estimate	VERB
fbem-31293	365	4	linear	linear	NOUN
fbem-31293	365	5	models	model	NOUN
fbem-31293	365	6	with	with	ADP
fbem-31293	365	7	multi	multi	ADJ
fbem-31293	365	8	-	-	ADJ
fbem-31293	365	9	way	way	ADJ
fbem-31293	365	10	fixed	fix	VERB
fbem-31293	365	11	effects	effect	NOUN
fbem-31293	365	12	.	.	PUNCT
fbem-31293	366	1	2016	2016	NUM
fbem-31293	366	2	stata	stata	PROPN
fbem-31293	366	3	conference	conference	NOUN
fbem-31293	366	4	,	,	PUNCT
fbem-31293	366	5	chicago	chicago	PROPN
fbem-31293	366	6	.	.	PUNCT
fbem-31293	367	1	[	[	X
fbem-31293	367	2	20	20	NUM
fbem-31293	367	3	]	]	SYM
fbem-31293	367	4	cui	cui	NOUN
fbem-31293	367	5	,	,	PUNCT
fbem-31293	367	6	v.	v.	PROPN
fbem-31293	367	7	,	,	PUNCT
fbem-31293	367	8	ding	ding	NOUN
fbem-31293	367	9	,	,	PUNCT
fbem-31293	367	10	s.	s.	PROPN
fbem-31293	367	11	,	,	PUNCT
fbem-31293	367	12	liu	liu	PROPN
fbem-31293	367	13	,	,	PUNCT
fbem-31293	367	14	m.	m.	NOUN
fbem-31293	367	15	,	,	PUNCT
fbem-31293	367	16	and	and	CCONJ
fbem-31293	367	17	wu	wu	PROPN
fbem-31293	367	18	,	,	PUNCT
fbem-31293	367	19	z.	z.	PROPN
fbem-31293	367	20	(	(	PUNCT
fbem-31293	367	21	2016	2016	NUM
fbem-31293	367	22	)	)	PUNCT
fbem-31293	367	23	.	.	PUNCT
fbem-31293	368	1	revisiting	revisit	VERB
fbem-31293	368	2	the	the	DET
fbem-31293	368	3	effect	effect	NOUN
fbem-31293	368	4	of	of	ADP
fbem-31293	368	5	family	family	NOUN
fbem-31293	368	6	involvement	involvement	NOUN
fbem-31293	368	7	on	on	ADP
fbem-31293	368	8	corporate	corporate	ADJ
fbem-31293	368	9	social	social	ADJ
fbem-31293	368	10	responsibility	responsibility	NOUN
fbem-31293	368	11	:	:	PUNCT
fbem-31293	368	12	a	a	DET
fbem-31293	368	13	behavioral	behavioral	ADJ
fbem-31293	368	14	agency	agency	NOUN
fbem-31293	368	15	perspective	perspective	NOUN
fbem-31293	368	16	.	.	PUNCT
fbem-31293	369	1	journal	journal	PROPN
fbem-31293	369	2	of	of	ADP
fbem-31293	369	3	business	business	NOUN
fbem-31293	369	4	ethics	ethic	NOUN
fbem-31293	369	5	,	,	PUNCT
fbem-31293	369	6	152(1	152(1	NUM
fbem-31293	369	7	)	)	PUNCT
fbem-31293	369	8	,	,	PUNCT
fbem-31293	369	9	291–309	291–309	NUM
fbem-31293	369	10	.	.	PUNCT
fbem-31293	370	1	[	[	X
fbem-31293	370	2	21	21	NUM
fbem-31293	370	3	]	]	X
fbem-31293	370	4	daspit	daspit	PROPN
fbem-31293	370	5	,	,	PUNCT
fbem-31293	370	6	j.j	j.j	PROPN
fbem-31293	370	7	.	.	PROPN
fbem-31293	370	8	,	,	PUNCT
fbem-31293	370	9	long	long	PROPN
fbem-31293	370	10	,	,	PUNCT
fbem-31293	370	11	r.g	r.g	PROPN
fbem-31293	370	12	.	.	PROPN
fbem-31293	370	13	,	,	PUNCT
fbem-31293	370	14	and	and	CCONJ
fbem-31293	370	15	pearson	pearson	PROPN
fbem-31293	370	16	,	,	PUNCT
fbem-31293	370	17	a.w	a.w	PROPN
fbem-31293	370	18	.	.	PROPN
fbem-31293	370	19	(	(	PUNCT
fbem-31293	370	20	2019	2019	NUM
fbem-31293	370	21	)	)	PUNCT
fbem-31293	370	22	.	.	PUNCT
fbem-31293	371	1	how	how	SCONJ
fbem-31293	371	2	familiness	familiness	NOUN
fbem-31293	371	3	affects	affect	VERB
fbem-31293	371	4	innovation	innovation	NOUN
fbem-31293	371	5	outcomes	outcome	NOUN
fbem-31293	371	6	via	via	ADP
fbem-31293	371	7	absorptive	absorptive	ADJ
fbem-31293	371	8	capacity	capacity	NOUN
fbem-31293	371	9	:	:	PUNCT
fbem-31293	371	10	a	a	DET
fbem-31293	371	11	dynamic	dynamic	ADJ
fbem-31293	371	12	capability	capability	NOUN
fbem-31293	371	13	perspective	perspective	NOUN
fbem-31293	371	14	of	of	ADP
fbem-31293	371	15	the	the	DET
fbem-31293	371	16	family	family	NOUN
fbem-31293	371	17	firm	firm	NOUN
fbem-31293	371	18	.	.	PUNCT
fbem-31293	372	1	journal	journal	PROPN
fbem-31293	372	2	of	of	ADP
fbem-31293	372	3	family	family	NOUN
fbem-31293	372	4	business	business	NOUN
fbem-31293	372	5	strategy	strategy	NOUN
fbem-31293	372	6	,	,	PUNCT
fbem-31293	372	7	10(2	10(2	NUM
fbem-31293	372	8	)	)	PUNCT
fbem-31293	372	9	,	,	PUNCT
fbem-31293	372	10	133–143	133–143	NUM
fbem-31293	372	11	.	.	PUNCT
fbem-31293	373	1	[	[	X
fbem-31293	373	2	22	22	NUM
fbem-31293	373	3	]	]	X
fbem-31293	373	4	davis	davis	PROPN
fbem-31293	373	5	,	,	PUNCT
fbem-31293	373	6	j.h	j.h	PROPN
fbem-31293	373	7	.	.	PROPN
fbem-31293	373	8	,	,	PUNCT
fbem-31293	373	9	schoorman	schoorman	PROPN
fbem-31293	373	10	,	,	PUNCT
fbem-31293	373	11	f.d	f.d	PROPN
fbem-31293	373	12	.	.	PROPN
fbem-31293	373	13	,	,	PUNCT
fbem-31293	373	14	and	and	CCONJ
fbem-31293	373	15	donaldson	donaldson	PROPN
fbem-31293	373	16	,	,	PUNCT
fbem-31293	373	17	l.	l.	PROPN
fbem-31293	373	18	(	(	PUNCT
fbem-31293	373	19	1997	1997	NUM
fbem-31293	373	20	)	)	PUNCT
fbem-31293	373	21	.	.	PUNCT
fbem-31293	374	1	towarda	towarda	PROPN
fbem-31293	374	2	stewardshiptheoryof	stewardshiptheoryof	PROPN
fbem-31293	374	3	management	management	NOUN
fbem-31293	374	4	.	.	PUNCT
fbem-31293	375	1	the	the	DET
fbem-31293	375	2	academy	academy	PROPN
fbem-31293	375	3	of	of	ADP
fbem-31293	375	4	management	management	PROPN
fbem-31293	375	5	review	review	PROPN
fbem-31293	375	6	,	,	PUNCT
fbem-31293	375	7	22(1	22(1	NUM
fbem-31293	375	8	)	)	PUNCT
fbem-31293	375	9	,	,	PUNCT
fbem-31293	375	10	20–47	20–47	X
fbem-31293	375	11	.	.	PUNCT
fbem-31293	376	1	[	[	X
fbem-31293	376	2	23	23	NUM
fbem-31293	376	3	]	]	X
fbem-31293	376	4	dekker	dekker	PROPN
fbem-31293	376	5	,	,	PUNCT
fbem-31293	376	6	j.	j.	PROPN
fbem-31293	376	7	,	,	PUNCT
fbem-31293	376	8	lybaert	lybaert	PROPN
fbem-31293	376	9	,	,	PUNCT
fbem-31293	376	10	n.	n.	NOUN
fbem-31293	376	11	,	,	PUNCT
fbem-31293	376	12	steijvers	steijver	NOUN
fbem-31293	376	13	,	,	PUNCT
fbem-31293	376	14	t.	t.	NOUN
fbem-31293	376	15	,	,	PUNCT
fbem-31293	376	16	and	and	CCONJ
fbem-31293	376	17	depaire	depaire	PROPN
fbem-31293	376	18	,	,	PUNCT
fbem-31293	376	19	b.	b.	PROPN
fbem-31293	376	20	(	(	PUNCT
fbem-31293	376	21	2013	2013	NUM
fbem-31293	376	22	)	)	PUNCT
fbem-31293	376	23	.	.	PUNCT
fbem-31293	377	1	the	the	DET
fbem-31293	377	2	effect	effect	NOUN
fbem-31293	377	3	of	of	ADP
fbem-31293	377	4	family	family	NOUN
fbem-31293	377	5	business	business	NOUN
fbem-31293	377	6	professionalization	professionalization	NOUN
fbem-31293	377	7	as	as	ADP
fbem-31293	377	8	a	a	DET
fbem-31293	377	9	multidimensional	multidimensional	ADJ
fbem-31293	377	10	constructon	constructon	NOUN
fbem-31293	377	11	firm	firm	ADJ
fbem-31293	377	12	performance	performance	NOUN
fbem-31293	377	13	.	.	PUNCT
fbem-31293	378	1	journal	journal	NOUN
fbem-31293	378	2	of	of	ADP
fbem-31293	378	3	small	small	ADJ
fbem-31293	378	4	business	business	NOUN
fbem-31293	378	5	management	management	NOUN
fbem-31293	378	6	,	,	PUNCT
fbem-31293	378	7	53(2	53(2	NUM
fbem-31293	378	8	)	)	PUNCT
fbem-31293	378	9	,	,	PUNCT
fbem-31293	378	10	516–538	516–538	NUM
fbem-31293	378	11	.	.	PUNCT
fbem-31293	379	1	[	[	X
fbem-31293	379	2	24	24	NUM
fbem-31293	379	3	]	]	PUNCT
fbem-31293	379	4	drempetic	drempetic	PROPN
fbem-31293	379	5	,	,	PUNCT
fbem-31293	379	6	s.	s.	PROPN
fbem-31293	379	7	,	,	PUNCT
fbem-31293	379	8	klein	klein	PROPN
fbem-31293	379	9	,	,	PUNCT
fbem-31293	379	10	c.	c.	PROPN
fbem-31293	379	11	,	,	PUNCT
fbem-31293	379	12	and	and	CCONJ
fbem-31293	379	13	zwergel	zwergel	NOUN
fbem-31293	379	14	,	,	PUNCT
fbem-31293	379	15	b.	b.	PROPN
fbem-31293	379	16	(	(	PUNCT
fbem-31293	379	17	2020	2020	NUM
fbem-31293	379	18	)	)	PUNCT
fbem-31293	379	19	.	.	PUNCT
fbem-31293	380	1	the	the	DET
fbem-31293	380	2	influence	influence	NOUN
fbem-31293	380	3	of	of	ADP
fbem-31293	380	4	firm	firm	ADJ
fbem-31293	380	5	size	size	NOUN
fbem-31293	380	6	on	on	ADP
fbem-31293	380	7	the	the	DET
fbem-31293	380	8	esg	esg	PROPN
fbem-31293	380	9	score	score	NOUN
fbem-31293	380	10	:	:	PUNCT
fbem-31293	380	11	corporate	corporate	ADJ
fbem-31293	380	12	sustainability	sustainability	NOUN
fbem-31293	380	13	ratings	rating	NOUN
fbem-31293	380	14	under	under	ADP
fbem-31293	380	15	review	review	NOUN
fbem-31293	380	16	.	.	PUNCT
fbem-31293	381	1	journal	journal	PROPN
fbem-31293	381	2	of	of	ADP
fbem-31293	381	3	business	business	NOUN
fbem-31293	381	4	ethics	ethic	NOUN
fbem-31293	381	5	,	,	PUNCT
fbem-31293	381	6	167(2	167(2	NUM
fbem-31293	381	7	)	)	PUNCT
fbem-31293	381	8	,	,	PUNCT
fbem-31293	381	9	333–360	333–360	NUM
fbem-31293	381	10	.	.	PUNCT
fbem-31293	382	1	[	[	X
fbem-31293	382	2	25	25	NUM
fbem-31293	382	3	]	]	X
fbem-31293	382	4	fang	fang	X
fbem-31293	382	5	,	,	PUNCT
fbem-31293	382	6	h.	h.	PROPN
fbem-31293	382	7	“	"	PUNCT
fbem-31293	382	8	chevy	chevy	PROPN
fbem-31293	382	9	”	"	PUNCT
fbem-31293	382	10	,	,	PUNCT
fbem-31293	382	11	memili	memili	NOUN
fbem-31293	382	12	,	,	PUNCT
fbem-31293	382	13	e.	e.	PROPN
fbem-31293	382	14	,	,	PUNCT
fbem-31293	382	15	chrisman	chrisman	PROPN
fbem-31293	382	16	,	,	PUNCT
fbem-31293	382	17	j.	j.	PROPN
fbem-31293	382	18	j.	j.	PROPN
fbem-31293	382	19	,	,	PUNCT
fbem-31293	382	20	and	and	CCONJ
fbem-31293	382	21	penney	penney	PROPN
fbem-31293	382	22	,	,	PUNCT
fbem-31293	382	23	c.	c.	PROPN
fbem-31293	382	24	(	(	PUNCT
fbem-31293	382	25	2016	2016	NUM
fbem-31293	382	26	)	)	PUNCT
fbem-31293	382	27	.	.	PUNCT
fbem-31293	383	1	industry	industry	NOUN
fbem-31293	383	2	and	and	CCONJ
fbem-31293	383	3	information	information	NOUN
fbem-31293	383	4	asymmetry	asymmetry	NOUN
fbem-31293	383	5	:	:	PUNCT
fbem-31293	383	6	the	the	DET
fbem-31293	383	7	case	case	NOUN
fbem-31293	383	8	of	of	ADP
fbem-31293	383	9	the	the	DET
fbem-31293	383	10	employment	employment	NOUN
fbem-31293	383	11	of	of	ADP
fbem-31293	383	12	non	non	ADJ
fbem-31293	383	13	-	-	ADJ
fbem-31293	383	14	family	family	ADJ
fbem-31293	383	15	managers	manager	NOUN
fbem-31293	383	16	in	in	ADP
fbem-31293	383	17	small	small	ADJ
fbem-31293	383	18	and	and	CCONJ
fbem-31293	383	19	mediumsized	mediumsized	ADJ
fbem-31293	383	20	family	family	NOUN
fbem-31293	383	21	firms	firm	NOUN
fbem-31293	383	22	.	.	PUNCT
fbem-31293	384	1	journal	journal	NOUN
fbem-31293	384	2	of	of	ADP
fbem-31293	384	3	small	small	ADJ
fbem-31293	384	4	business	business	NOUN
fbem-31293	384	5	management	management	NOUN
fbem-31293	384	6	,	,	PUNCT
fbem-31293	384	7	55(4	55(4	NUM
fbem-31293	384	8	)	)	PUNCT
fbem-31293	384	9	,	,	PUNCT
fbem-31293	384	10	632–648	632–648	PROPN
fbem-31293	384	11	.	.	PUNCT
fbem-31293	385	1	[	[	X
fbem-31293	385	2	26	26	NUM
fbem-31293	385	3	]	]	X
fbem-31293	385	4	fang	fang	X
fbem-31293	385	5	,	,	PUNCT
fbem-31293	385	6	h.	h.	PROPN
fbem-31293	385	7	,	,	PUNCT
fbem-31293	385	8	randolph	randolph	PROPN
fbem-31293	385	9	,	,	PUNCT
fbem-31293	385	10	r.v.d.g	r.v.d.g	PROPN
fbem-31293	385	11	.	.	PROPN
fbem-31293	385	12	,	,	PUNCT
fbem-31293	385	13	memili	memili	NOUN
fbem-31293	385	14	,	,	PUNCT
fbem-31293	385	15	e.	e.	PROPN
fbem-31293	385	16	,	,	PUNCT
fbem-31293	385	17	and	and	CCONJ
fbem-31293	385	18	chrisman	chrisman	PROPN
fbem-31293	385	19	,	,	PUNCT
fbem-31293	385	20	j.j	j.j	PROPN
fbem-31293	385	21	.	.	PROPN
fbem-31293	385	22	(	(	PUNCT
fbem-31293	385	23	2015	2015	NUM
fbem-31293	385	24	)	)	PUNCT
fbem-31293	385	25	.	.	PUNCT
fbem-31293	386	1	does	do	AUX
fbem-31293	386	2	size	size	NOUN
fbem-31293	386	3	matter	matter	NOUN
fbem-31293	386	4	?	?	PUNCT
fbem-31293	387	1	the	the	DET
fbem-31293	387	2	moderating	moderate	VERB
fbem-31293	387	3	effects	effect	NOUN
fbem-31293	387	4	of	of	ADP
fbem-31293	387	5	firm	firm	ADJ
fbem-31293	387	6	size	size	NOUN
fbem-31293	387	7	on	on	ADP
fbem-31293	387	8	the	the	DET
fbem-31293	387	9	employment	employment	NOUN
fbem-31293	387	10	of	of	ADP
fbem-31293	387	11	nonfamily	nonfamily	NOUN
fbem-31293	387	12	managers	manager	NOUN
fbem-31293	387	13	in	in	ADP
fbem-31293	387	14	privately	privately	ADV
fbem-31293	387	15	held	hold	VERB
fbem-31293	387	16	family	family	NOUN
fbem-31293	387	17	smes	sme	NOUN
fbem-31293	387	18	.	.	PUNCT
fbem-31293	388	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	388	2	theory	theory	NOUN
fbem-31293	388	3	and	and	CCONJ
fbem-31293	388	4	practice	practice	NOUN
fbem-31293	388	5	,	,	PUNCT
fbem-31293	388	6	40(5	40(5	NOUN
fbem-31293	388	7	)	)	PUNCT
fbem-31293	388	8	,	,	PUNCT
fbem-31293	388	9	1017–1039	1017–1039	NUM
fbem-31293	388	10	.	.	PUNCT
fbem-31293	389	1	[	[	X
fbem-31293	389	2	27	27	NUM
fbem-31293	389	3	]	]	X
fbem-31293	389	4	fei	fei	PROPN
fbem-31293	389	5	,	,	PUNCT
fbem-31293	389	6	x.	x.	NOUN
fbem-31293	389	7	(	(	PUNCT
fbem-31293	389	8	2001	2001	NUM
fbem-31293	389	9	)	)	PUNCT
fbem-31293	389	10	.	.	PUNCT
fbem-31293	390	1	fromthesoil	fromthesoil	NOUN
fbem-31293	390	2	:	:	PUNCT
fbem-31293	390	3	the	the	DET
fbem-31293	390	4	foundations	foundation	NOUN
fbem-31293	390	5	of	of	ADP
fbem-31293	390	6	chinese	chinese	ADJ
fbem-31293	390	7	society	society	NOUN
fbem-31293	390	8	:	:	PUNCT
fbem-31293	390	9	a	a	DET
fbem-31293	390	10	translation	translation	NOUN
fbem-31293	390	11	of	of	ADP
fbem-31293	390	12	feixiaotong	feixiaotong	PROPN
fbem-31293	390	13	’s	’s	PART
fbem-31293	390	14	xiangtu	xiangtu	PROPN
fbem-31293	390	15	zhongguo	zhongguo	PROPN
fbem-31293	390	16	.	.	PUNCT
fbem-31293	391	1	university	university	PROPN
fbem-31293	391	2	of	of	ADP
fbem-31293	391	3	california	california	PROPN
fbem-31293	391	4	press	press	PROPN
fbem-31293	391	5	.	.	PUNCT
fbem-31293	392	1	[	[	X
fbem-31293	392	2	28	28	NUM
fbem-31293	392	3	]	]	X
fbem-31293	392	4	fritz	fritz	PROPN
fbem-31293	392	5	,	,	PUNCT
fbem-31293	392	6	m.m	m.m	PROPN
fbem-31293	392	7	.	.	PROPN
fbem-31293	392	8	,	,	PUNCT
fbem-31293	392	9	ruel	ruel	PROPN
fbem-31293	392	10	,	,	PUNCT
fbem-31293	392	11	s.	s.	PROPN
fbem-31293	392	12	,	,	PUNCT
fbem-31293	392	13	kallmuenzer	kallmuenzer	PROPN
fbem-31293	392	14	,	,	PUNCT
fbem-31293	392	15	a.	a.	NOUN
fbem-31293	392	16	,	,	PUNCT
fbem-31293	392	17	and	and	CCONJ
fbem-31293	392	18	harms	harm	NOUN
fbem-31293	392	19	,	,	PUNCT
fbem-31293	392	20	r.	r.	NOUN
fbem-31293	392	21	(	(	PUNCT
fbem-31293	392	22	2021	2021	NUM
fbem-31293	392	23	)	)	PUNCT
fbem-31293	392	24	.	.	PUNCT
fbem-31293	393	1	sustainability	sustainability	NOUN
fbem-31293	393	2	management	management	NOUN
fbem-31293	393	3	in	in	ADP
fbem-31293	393	4	supply	supply	NOUN
fbem-31293	393	5	chains	chain	NOUN
fbem-31293	393	6	:	:	PUNCT
fbem-31293	393	7	the	the	DET
fbem-31293	393	8	role	role	NOUN
fbem-31293	393	9	of	of	ADP
fbem-31293	393	10	familiness	familiness	NOUN
fbem-31293	393	11	.	.	PUNCT
fbem-31293	394	1	technological	technological	ADJ
fbem-31293	394	2	forecasting	forecasting	NOUN
fbem-31293	394	3	and	and	CCONJ
fbem-31293	394	4	social	social	ADJ
fbem-31293	394	5	change	change	NOUN
fbem-31293	394	6	,	,	PUNCT
fbem-31293	394	7	173	173	NUM
fbem-31293	394	8	,	,	PUNCT
fbem-31293	394	9	121078	121078	NUM
fbem-31293	394	10	.	.	PUNCT
fbem-31293	395	1	77	77	NUM
fbem-31293	396	1	[	[	X
fbem-31293	396	2	29	29	NUM
fbem-31293	396	3	]	]	PUNCT
fbem-31293	396	4	fukuyama	fukuyama	PROPN
fbem-31293	396	5	,	,	PUNCT
fbem-31293	396	6	f.	f.	PROPN
fbem-31293	396	7	(	(	PUNCT
fbem-31293	396	8	1995	1995	NUM
fbem-31293	396	9	)	)	PUNCT
fbem-31293	396	10	.	.	PUNCT
fbem-31293	397	1	trust	trust	NOUN
fbem-31293	397	2	:	:	PUNCT
fbem-31293	397	3	social	social	ADJ
fbem-31293	397	4	virtues	virtue	NOUN
fbem-31293	397	5	and	and	CCONJ
fbem-31293	397	6	the	the	DET
fbem-31293	397	7	creation	creation	NOUN
fbem-31293	397	8	of	of	ADP
fbem-31293	397	9	prosperity	prosperity	NOUN
fbem-31293	397	10	.	.	PUNCT
fbem-31293	398	1	free	free	ADJ
fbem-31293	398	2	press	press	NOUN
fbem-31293	398	3	.	.	PUNCT
fbem-31293	399	1	[	[	X
fbem-31293	399	2	30	30	NUM
fbem-31293	399	3	]	]	X
fbem-31293	399	4	galbreath	galbreath	NOUN
fbem-31293	399	5	,	,	PUNCT
fbem-31293	399	6	j.	j.	PROPN
fbem-31293	399	7	(	(	PUNCT
fbem-31293	399	8	2013	2013	NUM
fbem-31293	399	9	)	)	PUNCT
fbem-31293	399	10	.	.	PUNCT
fbem-31293	400	1	esg	esg	NOUN
fbem-31293	400	2	in	in	ADP
fbem-31293	400	3	focus	focus	NOUN
fbem-31293	400	4	:	:	PUNCT
fbem-31293	400	5	the	the	DET
fbem-31293	400	6	australian	australian	ADJ
fbem-31293	400	7	evidence	evidence	NOUN
fbem-31293	400	8	.	.	PUNCT
fbem-31293	401	1	journal	journal	NOUN
fbem-31293	401	2	of	of	ADP
fbem-31293	401	3	business	business	NOUN
fbem-31293	401	4	ethics	ethic	NOUN
fbem-31293	401	5	,	,	PUNCT
fbem-31293	401	6	118(3	118(3	NUM
fbem-31293	401	7	)	)	PUNCT
fbem-31293	401	8	,	,	PUNCT
fbem-31293	401	9	529–541	529–541	NUM
fbem-31293	401	10	.	.	PUNCT
fbem-31293	402	1	[	[	X
fbem-31293	402	2	31	31	NUM
fbem-31293	402	3	]	]	X
fbem-31293	402	4	garcés	garcés	NOUN
fbem-31293	402	5	-	-	PUNCT
fbem-31293	402	6	galdeano	galdeano	NOUN
fbem-31293	402	7	,	,	PUNCT
fbem-31293	402	8	l.	l.	PROPN
fbem-31293	402	9	,	,	PUNCT
fbem-31293	402	10	larraza	larraza	PROPN
fbem-31293	402	11	-	-	PUNCT
fbem-31293	402	12	kintana	kintana	PROPN
fbem-31293	402	13	,	,	PUNCT
fbem-31293	402	14	m.	m.	NOUN
fbem-31293	402	15	,	,	PUNCT
fbem-31293	402	16	cruz	cruz	PROPN
fbem-31293	402	17	,	,	PUNCT
fbem-31293	402	18	c.	c.	PROPN
fbem-31293	402	19	,	,	PUNCT
fbem-31293	402	20	and	and	CCONJ
fbem-31293	402	21	contín	contín	NOUN
fbem-31293	402	22	-	-	PUNCT
fbem-31293	402	23	pilart	pilart	NOUN
fbem-31293	402	24	,	,	PUNCT
fbem-31293	402	25	i.(2017	i.(2017	PROPN
fbem-31293	402	26	)	)	PUNCT
fbem-31293	402	27	.	.	PUNCT
fbem-31293	403	1	justaboutmoney	justaboutmoney	PROPN
fbem-31293	403	2	?	?	PUNCT
fbem-31293	404	1	ceo	ceo	NOUN
fbem-31293	404	2	satisfaction	satisfaction	NOUN
fbem-31293	404	3	and	and	CCONJ
fbem-31293	404	4	firm	firm	ADJ
fbem-31293	404	5	performance	performance	NOUN
fbem-31293	404	6	in	in	ADP
fbem-31293	404	7	small	small	ADJ
fbem-31293	404	8	family	family	NOUN
fbem-31293	404	9	firms	firm	NOUN
fbem-31293	404	10	.	.	PUNCT
fbem-31293	405	1	small	small	ADJ
fbem-31293	405	2	business	business	NOUN
fbem-31293	405	3	economics	economic	NOUN
fbem-31293	405	4	,	,	PUNCT
fbem-31293	405	5	49(4	49(4	NOUN
fbem-31293	405	6	)	)	PUNCT
fbem-31293	405	7	,	,	PUNCT
fbem-31293	405	8	825	825	NUM
fbem-31293	405	9	–	–	PUNCT
fbem-31293	405	10	839	839	NUM
fbem-31293	405	11	.	.	PUNCT
fbem-31293	406	1	[	[	X
fbem-31293	406	2	32	32	NUM
fbem-31293	406	3	]	]	SYM
fbem-31293	406	4	gillan	gillan	PROPN
fbem-31293	406	5	,	,	PUNCT
fbem-31293	406	6	s.l	s.l	PROPN
fbem-31293	406	7	.	.	PROPN
fbem-31293	406	8	,	,	PUNCT
fbem-31293	406	9	koch	koch	PROPN
fbem-31293	406	10	,	,	PUNCT
fbem-31293	406	11	a.	a.	PROPN
fbem-31293	406	12	,	,	PUNCT
fbem-31293	406	13	and	and	CCONJ
fbem-31293	406	14	starks	stark	NOUN
fbem-31293	406	15	,	,	PUNCT
fbem-31293	406	16	l.t	l.t	PROPN
fbem-31293	406	17	.	.	PROPN
fbem-31293	406	18	(	(	PUNCT
fbem-31293	406	19	2021	2021	NUM
fbem-31293	406	20	)	)	PUNCT
fbem-31293	406	21	.	.	PUNCT
fbem-31293	407	1	firms	firm	NOUN
fbem-31293	407	2	and	and	CCONJ
fbem-31293	407	3	social	social	ADJ
fbem-31293	407	4	responsibility	responsibility	NOUN
fbem-31293	407	5	:	:	PUNCT
fbem-31293	407	6	a	a	DET
fbem-31293	407	7	review	review	NOUN
fbem-31293	407	8	of	of	ADP
fbem-31293	407	9	esg	esg	PROPN
fbem-31293	407	10	and	and	CCONJ
fbem-31293	407	11	csr	csr	NOUN
fbem-31293	407	12	research	research	NOUN
fbem-31293	407	13	in	in	ADP
fbem-31293	407	14	corporate	corporate	ADJ
fbem-31293	407	15	finance	finance	NOUN
fbem-31293	407	16	.	.	PUNCT
fbem-31293	408	1	journal	journal	NOUN
fbem-31293	408	2	of	of	ADP
fbem-31293	408	3	corporate	corporate	ADJ
fbem-31293	408	4	finance	finance	NOUN
fbem-31293	408	5	,	,	PUNCT
fbem-31293	408	6	66	66	NUM
fbem-31293	408	7	:	:	SYM
fbem-31293	408	8	101889	101889	NUM
fbem-31293	408	9	.	.	PUNCT
fbem-31293	409	1	[	[	X
fbem-31293	409	2	33	33	NUM
fbem-31293	409	3	]	]	X
fbem-31293	409	4	gomez	gomez	PROPN
fbem-31293	409	5	-	-	PUNCT
fbem-31293	409	6	mejia	mejia	PROPN
fbem-31293	409	7	,	,	PUNCT
fbem-31293	409	8	l.	l.	PROPN
fbem-31293	409	9	r.	r.	PROPN
fbem-31293	409	10	,	,	PUNCT
fbem-31293	409	11	cruz	cruz	PROPN
fbem-31293	409	12	,	,	PUNCT
fbem-31293	409	13	c.	c.	PROPN
fbem-31293	409	14	,	,	PUNCT
fbem-31293	409	15	berrone	berrone	NOUN
fbem-31293	409	16	,	,	PUNCT
fbem-31293	409	17	p.	p.	NOUN
fbem-31293	409	18	,	,	PUNCT
fbem-31293	409	19	&	&	CCONJ
fbem-31293	409	20	de	de	X
fbem-31293	409	21	castro	castro	PROPN
fbem-31293	409	22	,	,	PUNCT
fbem-31293	409	23	j.	j.	PROPN
fbem-31293	409	24	(	(	PUNCT
fbem-31293	409	25	2011	2011	NUM
fbem-31293	409	26	)	)	PUNCT
fbem-31293	409	27	.	.	PUNCT
fbem-31293	410	1	the	the	DET
fbem-31293	410	2	bind	bind	NOUN
fbem-31293	410	3	that	that	SCONJ
fbem-31293	410	4	ties	tie	NOUN
fbem-31293	410	5	:	:	PUNCT
fbem-31293	410	6	socioemotional	socioemotional	ADJ
fbem-31293	410	7	wealth	wealth	NOUN
fbem-31293	410	8	preservation	preservation	NOUN
fbem-31293	410	9	in	in	ADP
fbem-31293	410	10	family	family	NOUN
fbem-31293	410	11	firms	firm	NOUN
fbem-31293	410	12	.	.	PUNCT
fbem-31293	411	1	academy	academy	PROPN
fbem-31293	411	2	of	of	ADP
fbem-31293	411	3	management	management	NOUN
fbem-31293	411	4	annals	annal	NOUN
fbem-31293	411	5	,	,	PUNCT
fbem-31293	411	6	5(1	5(1	NUM
fbem-31293	411	7	)	)	PUNCT
fbem-31293	411	8	,	,	PUNCT
fbem-31293	411	9	653	653	NUM
fbem-31293	411	10	–	–	PUNCT
fbem-31293	411	11	707	707	NUM
fbem-31293	411	12	.	.	PUNCT
fbem-31293	412	1	[	[	X
fbem-31293	412	2	34	34	NUM
fbem-31293	412	3	]	]	PUNCT
fbem-31293	412	4	gómez	gómez	NOUN
fbem-31293	412	5	-	-	PUNCT
fbem-31293	412	6	mejía	mejía	NOUN
fbem-31293	412	7	,	,	PUNCT
fbem-31293	412	8	l.r	l.r	PROPN
fbem-31293	412	9	.	.	PROPN
fbem-31293	412	10	,	,	PUNCT
fbem-31293	412	11	haynes	haynes	PROPN
fbem-31293	412	12	,	,	PUNCT
fbem-31293	412	13	k.t	k.t	PROPN
fbem-31293	412	14	.	.	PROPN
fbem-31293	412	15	,	,	PUNCT
fbem-31293	412	16	núñez	núñez	NOUN
fbem-31293	412	17	-	-	PUNCT
fbem-31293	412	18	nickel	nickel	NOUN
fbem-31293	412	19	,	,	PUNCT
fbem-31293	412	20	m.	m.	NOUN
fbem-31293	412	21	,	,	PUNCT
fbem-31293	412	22	jacobson	jacobson	PROPN
fbem-31293	412	23	,	,	PUNCT
fbem-31293	412	24	k.j.l	k.j.l	PROPN
fbem-31293	412	25	.	.	PROPN
fbem-31293	412	26	,	,	PUNCT
fbem-31293	412	27	and	and	CCONJ
fbem-31293	412	28	moyano	moyano	PROPN
fbem-31293	412	29	-	-	PUNCT
fbem-31293	412	30	fuentes	fuente	NOUN
fbem-31293	412	31	,	,	PUNCT
fbem-31293	412	32	j.	j.	PROPN
fbem-31293	412	33	(	(	PUNCT
fbem-31293	412	34	2007	2007	NUM
fbem-31293	412	35	)	)	PUNCT
fbem-31293	412	36	.	.	PUNCT
fbem-31293	413	1	socioemotional	socioemotional	ADJ
fbem-31293	413	2	wealth	wealth	NOUN
fbem-31293	413	3	and	and	CCONJ
fbem-31293	413	4	business	business	NOUN
fbem-31293	413	5	risks	risk	NOUN
fbem-31293	413	6	in	in	ADP
fbem-31293	413	7	familycontrolled	familycontrolled	ADJ
fbem-31293	413	8	firms	firm	NOUN
fbem-31293	413	9	:	:	PUNCT
fbem-31293	413	10	evidence	evidence	NOUN
fbem-31293	413	11	from	from	ADP
fbem-31293	413	12	spanish	spanish	ADJ
fbem-31293	413	13	olive	olive	ADJ
fbem-31293	413	14	oil	oil	NOUN
fbem-31293	413	15	mills	mill	NOUN
fbem-31293	413	16	.	.	PUNCT
fbem-31293	414	1	administrative	administrative	ADJ
fbem-31293	414	2	science	science	PROPN
fbem-31293	414	3	quarterly	quarterly	ADV
fbem-31293	414	4	,	,	PUNCT
fbem-31293	414	5	52(1	52(1	NOUN
fbem-31293	414	6	)	)	PUNCT
fbem-31293	414	7	,	,	PUNCT
fbem-31293	414	8	106–137	106–137	NUM
fbem-31293	414	9	.	.	PUNCT
fbem-31293	415	1	[	[	X
fbem-31293	415	2	35	35	NUM
fbem-31293	415	3	]	]	PUNCT
fbem-31293	415	4	haans	haan	NOUN
fbem-31293	415	5	,	,	PUNCT
fbem-31293	415	6	r.	r.	PROPN
fbem-31293	415	7	,	,	PUNCT
fbem-31293	415	8	pieters	pieter	NOUN
fbem-31293	415	9	,	,	PUNCT
fbem-31293	415	10	c.	c.	NOUN
fbem-31293	415	11	,	,	PUNCT
fbem-31293	415	12	and	and	CCONJ
fbem-31293	415	13	he	he	PRON
fbem-31293	415	14	,	,	PUNCT
fbem-31293	415	15	z.	z.	PROPN
fbem-31293	415	16	(	(	PUNCT
fbem-31293	415	17	2015	2015	NUM
fbem-31293	415	18	)	)	PUNCT
fbem-31293	415	19	.	.	PUNCT
fbem-31293	416	1	thinking	think	VERB
fbem-31293	416	2	about	about	ADP
fbem-31293	416	3	u	u	NOUN
fbem-31293	416	4	:	:	PUNCT
fbem-31293	416	5	theorizing	theorize	VERB
fbem-31293	416	6	and	and	CCONJ
fbem-31293	416	7	testing	testing	NOUN
fbem-31293	416	8	uand	uand	NOUN
fbem-31293	416	9	inverted	invert	VERB
fbem-31293	416	10	u	u	ADJ
fbem-31293	416	11	-	-	ADJ
fbem-31293	416	12	shaped	shape	VERB
fbem-31293	416	13	relationships	relationship	NOUN
fbem-31293	416	14	in	in	ADP
fbem-31293	416	15	strategy	strategy	NOUN
fbem-31293	416	16	research	research	NOUN
fbem-31293	416	17	.	.	PUNCT
fbem-31293	417	1	strategic	strategic	ADJ
fbem-31293	417	2	management	management	NOUN
fbem-31293	417	3	journal	journal	NOUN
fbem-31293	417	4	,	,	PUNCT
fbem-31293	417	5	37(7	37(7	NUM
fbem-31293	417	6	)	)	PUNCT
fbem-31293	417	7	,	,	PUNCT
fbem-31293	417	8	1177	1177	NUM
fbem-31293	417	9	–	–	PUNCT
fbem-31293	417	10	1195	1195	NUM
fbem-31293	417	11	.	.	PUNCT
fbem-31293	418	1	[	[	X
fbem-31293	418	2	36	36	NUM
fbem-31293	418	3	]	]	X
fbem-31293	418	4	hammond	hammond	PROPN
fbem-31293	418	5	,	,	PUNCT
fbem-31293	418	6	n.l	n.l	PROPN
fbem-31293	418	7	.	.	PROPN
fbem-31293	418	8	,	,	PUNCT
fbem-31293	418	9	pearson	pearson	PROPN
fbem-31293	418	10	,	,	PUNCT
fbem-31293	418	11	a.w	a.w	PROPN
fbem-31293	418	12	.	.	PROPN
fbem-31293	418	13	,	,	PUNCT
fbem-31293	418	14	and	and	CCONJ
fbem-31293	418	15	holt	holt	PROPN
fbem-31293	418	16	,	,	PUNCT
fbem-31293	418	17	d.t	d.t	PROPN
fbem-31293	418	18	.	.	PUNCT
fbem-31293	418	19	(	(	PUNCT
fbem-31293	418	20	2016	2016	NUM
fbem-31293	418	21	)	)	PUNCT
fbem-31293	418	22	.	.	PUNCT
fbem-31293	419	1	the	the	DET
fbem-31293	419	2	quagmire	quagmire	NOUN
fbem-31293	419	3	of	of	ADP
fbem-31293	419	4	legacy	legacy	NOUN
fbem-31293	419	5	in	in	ADP
fbem-31293	419	6	family	family	NOUN
fbem-31293	419	7	firms	firm	NOUN
fbem-31293	419	8	:	:	PUNCT
fbem-31293	419	9	definition	definition	NOUN
fbem-31293	419	10	and	and	CCONJ
fbem-31293	419	11	implications	implication	NOUN
fbem-31293	419	12	of	of	ADP
fbem-31293	419	13	family	family	NOUN
fbem-31293	419	14	and	and	CCONJ
fbem-31293	419	15	family	family	NOUN
fbem-31293	419	16	firm	firm	NOUN
fbem-31293	419	17	legacy	legacy	NOUN
fbem-31293	419	18	orientations	orientation	NOUN
fbem-31293	419	19	.	.	PUNCT
fbem-31293	420	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	420	2	theory	theory	NOUN
fbem-31293	420	3	and	and	CCONJ
fbem-31293	420	4	practice	practice	NOUN
fbem-31293	420	5	,	,	PUNCT
fbem-31293	420	6	40(6	40(6	NOUN
fbem-31293	420	7	)	)	PUNCT
fbem-31293	420	8	,	,	PUNCT
fbem-31293	420	9	1209–1231	1209–1231	NUM
fbem-31293	420	10	.	.	PUNCT
fbem-31293	421	1	[	[	X
fbem-31293	421	2	37	37	NUM
fbem-31293	421	3	]	]	PUNCT
fbem-31293	421	4	husted	huste	VERB
fbem-31293	421	5	,	,	PUNCT
fbem-31293	421	6	b.w	b.w	PROPN
fbem-31293	421	7	.	.	PROPN
fbem-31293	421	8	,	,	PUNCT
fbem-31293	421	9	and	and	CCONJ
fbem-31293	421	10	sousa	sousa	NOUN
fbem-31293	421	11	-	-	PUNCT
fbem-31293	421	12	filho	filho	PROPN
fbem-31293	421	13	,	,	PUNCT
fbem-31293	421	14	j.m	j.m	PROPN
fbem-31293	421	15	.	.	PROPN
fbem-31293	421	16	(	(	PUNCT
fbem-31293	421	17	2019	2019	NUM
fbem-31293	421	18	)	)	PUNCT
fbem-31293	421	19	.	.	PUNCT
fbem-31293	422	1	board	board	NOUN
fbem-31293	422	2	structure	structure	NOUN
fbem-31293	422	3	and	and	CCONJ
fbem-31293	422	4	environmental	environmental	ADJ
fbem-31293	422	5	,	,	PUNCT
fbem-31293	422	6	social	social	ADJ
fbem-31293	422	7	,	,	PUNCT
fbem-31293	422	8	and	and	CCONJ
fbem-31293	422	9	governance	governance	NOUN
fbem-31293	422	10	disclosure	disclosure	NOUN
fbem-31293	422	11	in	in	ADP
fbem-31293	422	12	latin	latin	PROPN
fbem-31293	422	13	america	america	PROPN
fbem-31293	422	14	.	.	PUNCT
fbem-31293	423	1	journal	journal	PROPN
fbem-31293	423	2	of	of	ADP
fbem-31293	423	3	business	business	NOUN
fbem-31293	423	4	research	research	NOUN
fbem-31293	423	5	,	,	PUNCT
fbem-31293	423	6	102	102	NUM
fbem-31293	423	7	,	,	PUNCT
fbem-31293	423	8	220–227	220–227	NUM
fbem-31293	423	9	.	.	PUNCT
fbem-31293	424	1	[	[	X
fbem-31293	424	2	38	38	NUM
fbem-31293	424	3	]	]	X
fbem-31293	424	4	islam	islam	PROPN
fbem-31293	424	5	,	,	PUNCT
fbem-31293	424	6	n.	n.	PROPN
fbem-31293	424	7	,	,	PUNCT
fbem-31293	424	8	wang	wang	PROPN
fbem-31293	424	9	,	,	PUNCT
fbem-31293	424	10	q.	q.	PROPN
fbem-31293	424	11	,	,	PUNCT
fbem-31293	424	12	marinakis	marinakis	PROPN
fbem-31293	424	13	,	,	PUNCT
fbem-31293	424	14	y.	y.	NOUN
fbem-31293	424	15	,	,	PUNCT
fbem-31293	424	16	and	and	CCONJ
fbem-31293	424	17	walsh	walsh	NOUN
fbem-31293	424	18	,	,	PUNCT
fbem-31293	424	19	s.	s.	PROPN
fbem-31293	424	20	(	(	PUNCT
fbem-31293	424	21	2022	2022	NUM
fbem-31293	424	22	)	)	PUNCT
fbem-31293	424	23	.	.	PUNCT
fbem-31293	425	1	family	family	NOUN
fbem-31293	425	2	enterprise	enterprise	NOUN
fbem-31293	425	3	and	and	CCONJ
fbem-31293	425	4	technological	technological	ADJ
fbem-31293	425	5	innovation	innovation	NOUN
fbem-31293	425	6	.	.	PUNCT
fbem-31293	426	1	journal	journal	PROPN
fbem-31293	426	2	of	of	ADP
fbem-31293	426	3	business	business	NOUN
fbem-31293	426	4	research	research	NOUN
fbem-31293	426	5	,	,	PUNCT
fbem-31293	426	6	147	147	NUM
fbem-31293	426	7	,	,	PUNCT
fbem-31293	426	8	208–221	208–221	NUM
fbem-31293	426	9	.	.	PUNCT
fbem-31293	427	1	[	[	X
fbem-31293	427	2	39	39	NUM
fbem-31293	427	3	]	]	X
fbem-31293	427	4	jaskiewicz	jaskiewicz	NOUN
fbem-31293	427	5	,	,	PUNCT
fbem-31293	427	6	p.	p.	NOUN
fbem-31293	427	7	,	,	PUNCT
fbem-31293	427	8	block	block	NOUN
fbem-31293	427	9	,	,	PUNCT
fbem-31293	427	10	j.h	j.h	PROPN
fbem-31293	427	11	.	.	PROPN
fbem-31293	427	12	,	,	PUNCT
fbem-31293	427	13	miller	miller	PROPN
fbem-31293	427	14	,	,	PUNCT
fbem-31293	427	15	d.	d.	PROPN
fbem-31293	427	16	,	,	PUNCT
fbem-31293	427	17	and	and	CCONJ
fbem-31293	427	18	combs	comb	NOUN
fbem-31293	427	19	,	,	PUNCT
fbem-31293	427	20	j.g	j.g	PROPN
fbem-31293	427	21	.	.	PROPN
fbem-31293	427	22	(	(	PUNCT
fbem-31293	427	23	2014	2014	NUM
fbem-31293	427	24	)	)	PUNCT
fbem-31293	427	25	.	.	PUNCT
fbem-31293	428	1	founder	founder	NOUN
fbem-31293	428	2	versus	versus	ADP
fbem-31293	428	3	family	family	NOUN
fbem-31293	428	4	owners	owner	NOUN
fbem-31293	428	5	’	'	PUNCT
fbem-31293	428	6	impact	impact	NOUN
fbem-31293	428	7	on	on	ADP
fbem-31293	428	8	pay	pay	NOUN
fbem-31293	428	9	dispersion	dispersion	NOUN
fbem-31293	428	10	among	among	ADP
fbem-31293	428	11	non	non	ADJ
fbem-31293	428	12	-	-	ADJ
fbem-31293	428	13	ceo	ceo	ADJ
fbem-31293	428	14	top	top	ADJ
fbem-31293	428	15	managers	manager	NOUN
fbem-31293	428	16	:	:	PUNCT
fbem-31293	428	17	implications	implication	NOUN
fbem-31293	428	18	for	for	ADP
fbem-31293	428	19	firm	firm	ADJ
fbem-31293	428	20	performance	performance	NOUN
fbem-31293	428	21	.	.	PUNCT
fbem-31293	429	1	journal	journal	NOUN
fbem-31293	429	2	of	of	ADP
fbem-31293	429	3	management	management	NOUN
fbem-31293	429	4	,	,	PUNCT
fbem-31293	429	5	43(5	43(5	NUM
fbem-31293	429	6	)	)	PUNCT
fbem-31293	429	7	,	,	PUNCT
fbem-31293	429	8	1524–1552	1524–1552	NUM
fbem-31293	429	9	.	.	PUNCT
fbem-31293	430	1	[	[	X
fbem-31293	430	2	40	40	NUM
fbem-31293	430	3	]	]	X
fbem-31293	430	4	klein	klein	PROPN
fbem-31293	430	5	,	,	PUNCT
fbem-31293	430	6	s.	s.	PROPN
fbem-31293	430	7	,	,	PUNCT
fbem-31293	430	8	and	and	CCONJ
fbem-31293	430	9	bell	bell	NOUN
fbem-31293	430	10	,	,	PUNCT
fbem-31293	430	11	f.a	f.a	PROPN
fbem-31293	430	12	.	.	PROPN
fbem-31293	430	13	(	(	PUNCT
fbem-31293	430	14	2007	2007	NUM
fbem-31293	430	15	)	)	PUNCT
fbem-31293	430	16	.	.	PUNCT
fbem-31293	431	1	non	non	ADJ
fbem-31293	431	2	-	-	ADJ
fbem-31293	431	3	family	family	ADJ
fbem-31293	431	4	executives	executive	NOUN
fbem-31293	431	5	in	in	ADP
fbem-31293	431	6	family	family	NOUN
fbem-31293	431	7	businesses	business	NOUN
fbem-31293	431	8	:	:	PUNCT
fbem-31293	431	9	a	a	DET
fbem-31293	431	10	literature	literature	NOUN
fbem-31293	431	11	review	review	NOUN
fbem-31293	431	12	.	.	PUNCT
fbem-31293	432	1	electronic	electronic	ADJ
fbem-31293	432	2	journal	journal	NOUN
fbem-31293	432	3	of	of	ADP
fbem-31293	432	4	family	family	NOUN
fbem-31293	432	5	business	business	NOUN
fbem-31293	432	6	studies	study	NOUN
fbem-31293	432	7	.	.	PUNCT
fbem-31293	433	1	1(1):19	1(1):19	NUM
fbem-31293	433	2	-	-	SYM
fbem-31293	433	3	37	37	NUM
fbem-31293	433	4	.	.	PUNCT
fbem-31293	434	1	[	[	X
fbem-31293	434	2	41	41	NUM
fbem-31293	434	3	]	]	SYM
fbem-31293	434	4	li	li	PROPN
fbem-31293	434	5	,	,	PUNCT
fbem-31293	434	6	w.	w.	PROPN
fbem-31293	434	7	,	,	PUNCT
fbem-31293	434	8	bruton	bruton	PROPN
fbem-31293	434	9	,	,	PUNCT
fbem-31293	434	10	g.d	g.d	PROPN
fbem-31293	434	11	.	.	PROPN
fbem-31293	434	12	,	,	PUNCT
fbem-31293	434	13	li	li	PROPN
fbem-31293	434	14	,	,	PUNCT
fbem-31293	434	15	x.	x.	NOUN
fbem-31293	434	16	,	,	PUNCT
fbem-31293	434	17	and	and	CCONJ
fbem-31293	434	18	wang	wang	PROPN
fbem-31293	434	19	,	,	PUNCT
fbem-31293	434	20	s.	s.	PROPN
fbem-31293	434	21	(	(	PUNCT
fbem-31293	434	22	2021	2021	NUM
fbem-31293	434	23	)	)	PUNCT
fbem-31293	434	24	.	.	PUNCT
fbem-31293	435	1	transgenerational	transgenerational	ADJ
fbem-31293	435	2	succession	succession	NOUN
fbem-31293	435	3	and	and	CCONJ
fbem-31293	435	4	r&d	r&d	NOUN
fbem-31293	435	5	investment	investment	NOUN
fbem-31293	435	6	:	:	PUNCT
fbem-31293	435	7	a	a	DET
fbem-31293	435	8	myopic	myopic	ADJ
fbem-31293	435	9	loss	loss	NOUN
fbem-31293	435	10	aversion	aversion	NOUN
fbem-31293	435	11	perspective	perspective	NOUN
fbem-31293	435	12	.	.	PUNCT
fbem-31293	436	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	436	2	theory	theory	NOUN
fbem-31293	436	3	and	and	CCONJ
fbem-31293	436	4	practice	practice	NOUN
fbem-31293	436	5	,	,	PUNCT
fbem-31293	436	6	104225872110384	104225872110384	NUM
fbem-31293	436	7	.	.	PUNCT
fbem-31293	437	1	[	[	X
fbem-31293	437	2	42	42	NUM
fbem-31293	437	3	]	]	X
fbem-31293	437	4	lien	lien	NOUN
fbem-31293	437	5	,	,	PUNCT
fbem-31293	437	6	y.	y.	NOUN
fbem-31293	437	7	,	,	PUNCT
fbem-31293	437	8	and	and	CCONJ
fbem-31293	437	9	li	li	PROPN
fbem-31293	437	10	,	,	PUNCT
fbem-31293	437	11	s.	s.	PROPN
fbem-31293	437	12	(	(	PUNCT
fbem-31293	437	13	2013	2013	NUM
fbem-31293	437	14	)	)	PUNCT
fbem-31293	437	15	.	.	PUNCT
fbem-31293	438	1	professionalization	professionalization	NOUN
fbem-31293	438	2	of	of	ADP
fbem-31293	438	3	family	family	NOUN
fbem-31293	438	4	business	business	NOUN
fbem-31293	438	5	and	and	CCONJ
fbem-31293	438	6	performance	performance	NOUN
fbem-31293	438	7	effect	effect	NOUN
fbem-31293	438	8	.	.	PUNCT
fbem-31293	439	1	family	family	NOUN
fbem-31293	439	2	business	business	PROPN
fbem-31293	439	3	review	review	PROPN
fbem-31293	439	4	,	,	PUNCT
fbem-31293	439	5	27(4	27(4	PROPN
fbem-31293	439	6	)	)	PUNCT
fbem-31293	439	7	,	,	PUNCT
fbem-31293	439	8	346–364	346–364	NUM
fbem-31293	439	9	.	.	PUNCT
fbem-31293	440	1	[	[	X
fbem-31293	440	2	43	43	NUM
fbem-31293	440	3	]	]	X
fbem-31293	440	4	lin	lin	PROPN
fbem-31293	440	5	,	,	PUNCT
fbem-31293	440	6	y.	y.	PROPN
fbem-31293	440	7	,	,	PUNCT
fbem-31293	440	8	fu	fu	PROPN
fbem-31293	440	9	,	,	PUNCT
fbem-31293	440	10	x.	x.	NOUN
fbem-31293	440	11	,	,	PUNCT
fbem-31293	440	12	and	and	CCONJ
fbem-31293	440	13	fu	fu	ADJ
fbem-31293	440	14	,	,	PUNCT
fbem-31293	440	15	x.	x.	NOUN
fbem-31293	440	16	(	(	PUNCT
fbem-31293	440	17	2021	2021	NUM
fbem-31293	440	18	)	)	PUNCT
fbem-31293	440	19	.	.	PUNCT
fbem-31293	441	1	varieties	variety	NOUN
fbem-31293	441	2	in	in	ADP
fbem-31293	441	3	state	state	NOUN
fbem-31293	441	4	capitalism	capitalism	NOUN
fbem-31293	441	5	and	and	CCONJ
fbem-31293	441	6	corporate	corporate	ADJ
fbem-31293	441	7	innovation	innovation	NOUN
fbem-31293	441	8	:	:	PUNCT
fbem-31293	441	9	evidence	evidence	NOUN
fbem-31293	441	10	from	from	ADP
fbem-31293	441	11	an	an	DET
fbem-31293	441	12	emerging	emerge	VERB
fbem-31293	441	13	economy	economy	NOUN
fbem-31293	441	14	.	.	PUNCT
fbem-31293	442	1	journal	journal	NOUN
fbem-31293	442	2	of	of	ADP
fbem-31293	442	3	corporate	corporate	ADJ
fbem-31293	442	4	finance	finance	NOUN
fbem-31293	442	5	,	,	PUNCT
fbem-31293	442	6	67	67	NUM
fbem-31293	442	7	,	,	PUNCT
fbem-31293	442	8	101919	101919	NUM
fbem-31293	442	9	.	.	PUNCT
fbem-31293	443	1	[	[	X
fbem-31293	443	2	44	44	NUM
fbem-31293	443	3	]	]	SYM
fbem-31293	443	4	lu	lu	PROPN
fbem-31293	443	5	,	,	PUNCT
fbem-31293	443	6	f.	f.	PROPN
fbem-31293	443	7	,	,	PUNCT
fbem-31293	443	8	zhu	zhu	PROPN
fbem-31293	443	9	,	,	PUNCT
fbem-31293	443	10	z.	z.	PROPN
fbem-31293	443	11	,	,	PUNCT
fbem-31293	443	12	zhu	zhu	PROPN
fbem-31293	443	13	,	,	PUNCT
fbem-31293	443	14	l.	l.	PROPN
fbem-31293	443	15	,	,	PUNCT
fbem-31293	443	16	and	and	CCONJ
fbem-31293	443	17	gao	gao	PROPN
fbem-31293	443	18	,	,	PUNCT
fbem-31293	443	19	h.	h.	PROPN
fbem-31293	443	20	(	(	PUNCT
fbem-31293	443	21	2022	2022	NUM
fbem-31293	443	22	)	)	PUNCT
fbem-31293	443	23	.	.	PUNCT
fbem-31293	444	1	political	political	ADJ
fbem-31293	444	2	tie	tie	VERB
fbem-31293	444	3	hot	hot	ADJ
fbem-31293	444	4	potato	potato	NOUN
fbem-31293	444	5	:	:	PUNCT
fbem-31293	444	6	the	the	DET
fbem-31293	444	7	contingent	contingent	ADJ
fbem-31293	444	8	effect	effect	NOUN
fbem-31293	444	9	of	of	ADP
fbem-31293	444	10	china	china	PROPN
fbem-31293	444	11	’s	’s	PART
fbem-31293	444	12	anti	anti	ADJ
fbem-31293	444	13	-	-	ADJ
fbem-31293	444	14	corruption	corruption	ADJ
fbem-31293	444	15	policy	policy	NOUN
fbem-31293	444	16	on	on	ADP
fbem-31293	444	17	cash	cash	NOUN
fbem-31293	444	18	and	and	CCONJ
fbem-31293	444	19	innovation	innovation	NOUN
fbem-31293	444	20	.	.	PUNCT
fbem-31293	445	1	research	research	NOUN
fbem-31293	445	2	policy	policy	NOUN
fbem-31293	445	3	,	,	PUNCT
fbem-31293	445	4	51(4	51(4	NUM
fbem-31293	445	5	):	):	PUNCT
fbem-31293	445	6	104476	104476	NUM
fbem-31293	445	7	.	.	PUNCT
fbem-31293	446	1	[	[	X
fbem-31293	446	2	45	45	NUM
fbem-31293	446	3	]	]	SYM
fbem-31293	446	4	madden	madden	PROPN
fbem-31293	446	5	,	,	PUNCT
fbem-31293	446	6	l.	l.	PROPN
fbem-31293	446	7	,	,	PUNCT
fbem-31293	446	8	mcmillan	mcmillan	PROPN
fbem-31293	446	9	,	,	PUNCT
fbem-31293	446	10	a.	a.	NOUN
fbem-31293	446	11	,	,	PUNCT
fbem-31293	446	12	and	and	CCONJ
fbem-31293	446	13	harris	harris	PROPN
fbem-31293	446	14	,	,	PUNCT
fbem-31293	446	15	o.	o.	PROPN
fbem-31293	446	16	(	(	PUNCT
fbem-31293	446	17	2020	2020	NUM
fbem-31293	446	18	)	)	PUNCT
fbem-31293	446	19	.	.	PUNCT
fbem-31293	447	1	drivers	driver	NOUN
fbem-31293	447	2	of	of	ADP
fbem-31293	447	3	selectivity	selectivity	NOUN
fbem-31293	447	4	in	in	ADP
fbem-31293	447	5	family	family	NOUN
fbem-31293	447	6	firms	firm	NOUN
fbem-31293	447	7	:	:	PUNCT
fbem-31293	447	8	understanding	understand	VERB
fbem-31293	447	9	the	the	DET
fbem-31293	447	10	impact	impact	NOUN
fbem-31293	447	11	of	of	ADP
fbem-31293	447	12	age	age	NOUN
fbem-31293	447	13	and	and	CCONJ
fbem-31293	447	14	ownership	ownership	NOUN
fbem-31293	447	15	on	on	ADP
fbem-31293	447	16	csr	csr	PROPN
fbem-31293	447	17	.	.	PROPN
fbem-31293	447	18	journal	journal	PROPN
fbem-31293	447	19	of	of	ADP
fbem-31293	447	20	family	family	NOUN
fbem-31293	447	21	business	business	NOUN
fbem-31293	447	22	strategy	strategy	NOUN
fbem-31293	447	23	,	,	PUNCT
fbem-31293	447	24	100335	100335	NUM
fbem-31293	447	25	.	.	PUNCT
fbem-31293	448	1	[	[	X
fbem-31293	448	2	46	46	NUM
fbem-31293	448	3	]	]	X
fbem-31293	448	4	minichilli	minichilli	PROPN
fbem-31293	448	5	,	,	PUNCT
fbem-31293	448	6	a.	a.	NOUN
fbem-31293	448	7	,	,	PUNCT
fbem-31293	448	8	corbetta	corbetta	NOUN
fbem-31293	448	9	,	,	PUNCT
fbem-31293	448	10	g.	g.	PROPN
fbem-31293	448	11	,	,	PUNCT
fbem-31293	448	12	and	and	CCONJ
fbem-31293	448	13	macmillan	macmillan	PROPN
fbem-31293	448	14	,	,	PUNCT
fbem-31293	448	15	i.c	i.c	PROPN
fbem-31293	448	16	.	.	PROPN
fbem-31293	448	17	(	(	PUNCT
fbem-31293	448	18	2010	2010	NUM
fbem-31293	448	19	)	)	PUNCT
fbem-31293	448	20	.	.	PUNCT
fbem-31293	449	1	top	top	ADJ
fbem-31293	449	2	management	management	NOUN
fbem-31293	449	3	teams	team	NOUN
fbem-31293	449	4	in	in	ADP
fbem-31293	449	5	family	family	NOUN
fbem-31293	449	6	-	-	PUNCT
fbem-31293	449	7	controlled	control	VERB
fbem-31293	449	8	companies	company	NOUN
fbem-31293	449	9	:	:	PUNCT
fbem-31293	449	10	“	"	PUNCT
fbem-31293	449	11	familiness	familiness	NOUN
fbem-31293	449	12	”	"	PUNCT
fbem-31293	449	13	,	,	PUNCT
fbem-31293	449	14	“	"	PUNCT
fbem-31293	449	15	faultlines	faultline	NOUN
fbem-31293	449	16	”	"	PUNCT
fbem-31293	449	17	,	,	PUNCT
fbem-31293	449	18	and	and	CCONJ
fbem-31293	449	19	their	their	PRON
fbem-31293	449	20	impact	impact	NOUN
fbem-31293	449	21	on	on	ADP
fbem-31293	449	22	financial	financial	ADJ
fbem-31293	449	23	performance	performance	NOUN
fbem-31293	449	24	.	.	PUNCT
fbem-31293	450	1	journal	journal	NOUN
fbem-31293	450	2	of	of	ADP
fbem-31293	450	3	management	management	NOUN
fbem-31293	450	4	studies	study	NOUN
fbem-31293	450	5	,	,	PUNCT
fbem-31293	450	6	47(2	47(2	PROPN
fbem-31293	450	7	)	)	PUNCT
fbem-31293	450	8	,	,	PUNCT
fbem-31293	450	9	205–222	205–222	NUM
fbem-31293	450	10	.	.	PUNCT
fbem-31293	451	1	[	[	X
fbem-31293	451	2	47	47	NUM
fbem-31293	451	3	]	]	X
fbem-31293	451	4	park	park	NOUN
fbem-31293	451	5	,	,	PUNCT
fbem-31293	451	6	s.h	s.h	PROPN
fbem-31293	451	7	.	.	PROPN
fbem-31293	451	8	,	,	PUNCT
fbem-31293	451	9	and	and	CCONJ
fbem-31293	451	10	luo	luo	PROPN
fbem-31293	451	11	,	,	PUNCT
fbem-31293	451	12	y.(2001).guanxi	y.(2001).guanxi	NOUN
fbem-31293	451	13	and	and	CCONJ
fbem-31293	451	14	organizational	organizational	ADJ
fbem-31293	451	15	dynamics	dynamic	NOUN
fbem-31293	451	16	:	:	PUNCT
fbem-31293	451	17	organizational	organizational	ADJ
fbem-31293	451	18	networking	networking	NOUN
fbem-31293	451	19	in	in	ADP
fbem-31293	451	20	chinese	chinese	ADJ
fbem-31293	451	21	firms	firm	NOUN
fbem-31293	451	22	.	.	PUNCT
fbem-31293	452	1	strategic	strategic	ADJ
fbem-31293	452	2	management	management	NOUN
fbem-31293	452	3	journal	journal	NOUN
fbem-31293	452	4	,	,	PUNCT
fbem-31293	452	5	22(5	22(5	NOUN
fbem-31293	452	6	)	)	PUNCT
fbem-31293	452	7	,	,	PUNCT
fbem-31293	452	8	455–477	455–477	NUM
fbem-31293	452	9	.	.	PUNCT
fbem-31293	453	1	[	[	X
fbem-31293	453	2	48	48	NUM
fbem-31293	453	3	]	]	X
fbem-31293	453	4	quan	quan	PROPN
fbem-31293	453	5	,	,	PUNCT
fbem-31293	453	6	x.	x.	PROPN
fbem-31293	453	7	,	,	PUNCT
fbem-31293	453	8	ke	ke	PROPN
fbem-31293	453	9	,	,	PUNCT
fbem-31293	453	10	y.	y.	PROPN
fbem-31293	453	11	,	,	PUNCT
fbem-31293	453	12	qian	qian	PROPN
fbem-31293	453	13	,	,	PUNCT
fbem-31293	453	14	y.	y.	PROPN
fbem-31293	453	15	,	,	PUNCT
fbem-31293	453	16	and	and	CCONJ
fbem-31293	453	17	zhang	zhang	PROPN
fbem-31293	453	18	,	,	PUNCT
fbem-31293	453	19	y.	y.	PROPN
fbem-31293	453	20	(	(	PUNCT
fbem-31293	453	21	2021	2021	NUM
fbem-31293	453	22	)	)	PUNCT
fbem-31293	453	23	.	.	PUNCT
fbem-31293	454	1	ceo	ceo	NOUN
fbem-31293	454	2	foreign	foreign	ADJ
fbem-31293	454	3	experience	experience	NOUN
fbem-31293	454	4	and	and	CCONJ
fbem-31293	454	5	green	green	ADJ
fbem-31293	454	6	innovation	innovation	NOUN
fbem-31293	454	7	:	:	PUNCT
fbem-31293	454	8	evidence	evidence	NOUN
fbem-31293	454	9	from	from	ADP
fbem-31293	454	10	china	china	PROPN
fbem-31293	454	11	.	.	PUNCT
fbem-31293	455	1	journal	journal	PROPN
fbem-31293	455	2	of	of	ADP
fbem-31293	455	3	business	business	NOUN
fbem-31293	455	4	ethics	ethic	NOUN
fbem-31293	455	5	.	.	PUNCT
fbem-31293	456	1	[	[	X
fbem-31293	456	2	49	49	NUM
fbem-31293	456	3	]	]	X
fbem-31293	456	4	saleem	saleem	PROPN
fbem-31293	456	5	,	,	PUNCT
fbem-31293	456	6	a.	a.	PROPN
fbem-31293	456	7	,	,	PUNCT
fbem-31293	456	8	barbera	barbera	NOUN
fbem-31293	456	9	,	,	PUNCT
fbem-31293	456	10	f.	f.	PROPN
fbem-31293	456	11	,	,	PUNCT
fbem-31293	456	12	and	and	CCONJ
fbem-31293	456	13	arvid	arvid	PROPN
fbem-31293	456	14	,	,	PUNCT
fbem-31293	456	15	o.i	o.i	PROPN
fbem-31293	456	16	.	.	PUNCT
fbem-31293	456	17	(	(	PUNCT
fbem-31293	456	18	2023	2023	NUM
fbem-31293	456	19	)	)	PUNCT
fbem-31293	456	20	.	.	PUNCT
fbem-31293	457	1	the	the	DET
fbem-31293	457	2	role	role	NOUN
fbem-31293	457	3	of	of	ADP
fbem-31293	457	4	emotional	emotional	ADJ
fbem-31293	457	5	labor	labor	NOUN
fbem-31293	457	6	and	and	CCONJ
fbem-31293	457	7	display	display	NOUN
fbem-31293	457	8	latitude	latitude	NOUN
fbem-31293	457	9	in	in	ADP
fbem-31293	457	10	preserving	preserve	VERB
fbem-31293	457	11	socioemotional	socioemotional	ADJ
fbem-31293	457	12	wealth	wealth	NOUN
fbem-31293	457	13	in	in	ADP
fbem-31293	457	14	family	family	NOUN
fbem-31293	457	15	businesses	business	NOUN
fbem-31293	457	16	.	.	PUNCT
fbem-31293	458	1	journal	journal	PROPN
fbem-31293	458	2	of	of	ADP
fbem-31293	458	3	family	family	NOUN
fbem-31293	458	4	business	business	NOUN
fbem-31293	458	5	strategy	strategy	NOUN
fbem-31293	458	6	,	,	PUNCT
fbem-31293	458	7	100594–100594	100594–100594	NUM
fbem-31293	458	8	.	.	PUNCT
fbem-31293	459	1	[	[	X
fbem-31293	459	2	50	50	NUM
fbem-31293	459	3	]	]	X
fbem-31293	459	4	schulze	schulze	NOUN
fbem-31293	459	5	,	,	PUNCT
fbem-31293	459	6	w.s	w.s	PROPN
fbem-31293	459	7	.	.	PROPN
fbem-31293	459	8	,	,	PUNCT
fbem-31293	459	9	lubatkin	lubatkin	PROPN
fbem-31293	459	10	,	,	PUNCT
fbem-31293	459	11	m.h	m.h	PROPN
fbem-31293	459	12	.	.	PROPN
fbem-31293	459	13	,	,	PUNCT
fbem-31293	459	14	and	and	CCONJ
fbem-31293	459	15	dino	dino	NOUN
fbem-31293	459	16	,	,	PUNCT
fbem-31293	459	17	r.n	r.n	PROPN
fbem-31293	459	18	.	.	PROPN
fbem-31293	459	19	(	(	PUNCT
fbem-31293	459	20	2003	2003	NUM
fbem-31293	459	21	)	)	PUNCT
fbem-31293	459	22	.	.	PUNCT
fbem-31293	460	1	toward	toward	ADP
fbem-31293	460	2	a	a	DET
fbem-31293	460	3	theory	theory	NOUN
fbem-31293	460	4	of	of	ADP
fbem-31293	460	5	agency	agency	PROPN
fbem-31293	460	6	and	and	CCONJ
fbem-31293	460	7	altruismin	altruismin	VERB
fbem-31293	460	8	family	family	NOUN
fbem-31293	460	9	firms	firm	NOUN
fbem-31293	460	10	.	.	PUNCT
fbem-31293	461	1	journal	journal	NOUN
fbem-31293	461	2	of	of	ADP
fbem-31293	461	3	business	business	NOUN
fbem-31293	461	4	venturing	venturing	NOUN
fbem-31293	461	5	,	,	PUNCT
fbem-31293	461	6	18(4	18(4	NUM
fbem-31293	461	7	)	)	PUNCT
fbem-31293	461	8	,	,	PUNCT
fbem-31293	461	9	473–490	473–490	NUM
fbem-31293	461	10	.	.	PUNCT
fbem-31293	462	1	[	[	X
fbem-31293	462	2	51	51	NUM
fbem-31293	462	3	]	]	PUNCT
fbem-31293	462	4	siehl	siehl	NOUN
fbem-31293	462	5	,	,	PUNCT
fbem-31293	462	6	c.	c.	PROPN
fbem-31293	462	7	,	,	PUNCT
fbem-31293	462	8	davis	davis	PROPN
fbem-31293	462	9	,	,	PUNCT
fbem-31293	462	10	j.	j.	PROPN
fbem-31293	462	11	,	,	PUNCT
fbem-31293	462	12	and	and	CCONJ
fbem-31293	462	13	dyer	dyer	NOUN
fbem-31293	462	14	,	,	PUNCT
fbem-31293	462	15	w.g	w.g	PROPN
fbem-31293	462	16	.	.	PROPN
fbem-31293	462	17	(	(	PUNCT
fbem-31293	462	18	1987	1987	NUM
fbem-31293	462	19	)	)	PUNCT
fbem-31293	462	20	.	.	PUNCT
fbem-31293	463	1	cultural	cultural	ADJ
fbem-31293	463	2	change	change	NOUN
fbem-31293	463	3	in	in	ADP
fbem-31293	463	4	family	family	NOUN
fbem-31293	463	5	firms	firm	NOUN
fbem-31293	463	6	:	:	PUNCT
fbem-31293	463	7	anticipating	anticipate	VERB
fbem-31293	463	8	and	and	CCONJ
fbem-31293	463	9	managing	manage	VERB
fbem-31293	463	10	business	business	NOUN
fbem-31293	463	11	and	and	CCONJ
fbem-31293	463	12	family	family	NOUN
fbem-31293	463	13	transitions	transition	NOUN
fbem-31293	463	14	.	.	PUNCT
fbem-31293	464	1	administrative	administrative	ADJ
fbem-31293	464	2	science	science	PROPN
fbem-31293	464	3	quarterly	quarterly	ADV
fbem-31293	464	4	,	,	PUNCT
fbem-31293	464	5	32(4	32(4	NUM
fbem-31293	464	6	)	)	PUNCT
fbem-31293	464	7	,	,	PUNCT
fbem-31293	464	8	635	635	NUM
fbem-31293	464	9	.	.	PUNCT
fbem-31293	465	1	[	[	X
fbem-31293	465	2	52	52	NUM
fbem-31293	465	3	]	]	X
fbem-31293	465	4	sirmon	sirmon	ADJ
fbem-31293	465	5	,	,	PUNCT
fbem-31293	465	6	d.g	d.g	PROPN
fbem-31293	465	7	.	.	PROPN
fbem-31293	465	8	,	,	PUNCT
fbem-31293	465	9	and	and	CCONJ
fbem-31293	465	10	hitt	hitt	X
fbem-31293	465	11	,	,	PUNCT
fbem-31293	465	12	m.a	m.a	PROPN
fbem-31293	465	13	.	.	PROPN
fbem-31293	465	14	(	(	PUNCT
fbem-31293	465	15	2003	2003	NUM
fbem-31293	465	16	)	)	PUNCT
fbem-31293	465	17	.	.	PUNCT
fbem-31293	466	1	managing	manage	VERB
fbem-31293	466	2	resources	resource	NOUN
fbem-31293	466	3	:	:	PUNCT
fbem-31293	466	4	linking	link	VERB
fbem-31293	466	5	unique	unique	ADJ
fbem-31293	466	6	resources	resource	NOUN
fbem-31293	466	7	,	,	PUNCT
fbem-31293	466	8	management	management	NOUN
fbem-31293	466	9	,	,	PUNCT
fbem-31293	466	10	and	and	CCONJ
fbem-31293	466	11	wealth	wealth	NOUN
fbem-31293	466	12	creation	creation	NOUN
fbem-31293	466	13	in	in	ADP
fbem-31293	466	14	family	family	NOUN
fbem-31293	466	15	firms	firm	NOUN
fbem-31293	466	16	.	.	PUNCT
fbem-31293	467	1	entrepreneurship	entrepreneurship	NOUN
fbem-31293	467	2	theory	theory	NOUN
fbem-31293	467	3	and	and	CCONJ
fbem-31293	467	4	practice	practice	NOUN
fbem-31293	467	5	,	,	PUNCT
fbem-31293	467	6	27(4	27(4	PROPN
fbem-31293	467	7	)	)	PUNCT
fbem-31293	467	8	,	,	PUNCT
fbem-31293	467	9	339–358	339–358	NUM
fbem-31293	467	10	.	.	PUNCT
fbem-31293	468	1	[	[	X
fbem-31293	468	2	53	53	NUM
fbem-31293	468	3	]	]	X
fbem-31293	468	4	sun	sun	PROPN
fbem-31293	468	5	,	,	PUNCT
fbem-31293	468	6	j.	j.	PROPN
fbem-31293	468	7	,	,	PUNCT
fbem-31293	468	8	dabić	dabić	NOUN
fbem-31293	468	9	,	,	PUNCT
fbem-31293	468	10	m.	m.	NOUN
fbem-31293	468	11	,	,	PUNCT
fbem-31293	468	12	wang	wang	PROPN
fbem-31293	468	13	,	,	PUNCT
fbem-31293	468	14	k.	k.	PROPN
fbem-31293	468	15	,	,	PUNCT
fbem-31293	468	16	and	and	CCONJ
fbem-31293	468	17	wang	wang	PROPN
fbem-31293	468	18	,	,	PUNCT
fbem-31293	468	19	c.	c.	PROPN
fbem-31293	468	20	(	(	PUNCT
fbem-31293	468	21	2023	2023	NUM
fbem-31293	468	22	)	)	PUNCT
fbem-31293	468	23	.	.	PUNCT
fbem-31293	469	1	family	family	NOUN
fbem-31293	469	2	ownership	ownership	NOUN
fbem-31293	469	3	and	and	CCONJ
fbem-31293	469	4	control	control	NOUN
fbem-31293	469	5	as	as	ADP
fbem-31293	469	6	drivers	driver	NOUN
fbem-31293	469	7	for	for	ADP
fbem-31293	469	8	environmental	environmental	ADJ
fbem-31293	469	9	,	,	PUNCT
fbem-31293	469	10	social	social	ADJ
fbem-31293	469	11	,	,	PUNCT
fbem-31293	469	12	and	and	CCONJ
fbem-31293	469	13	governance	governance	NOUN
fbem-31293	469	14	in	in	ADP
fbem-31293	469	15	family	family	NOUN
fbem-31293	469	16	firms	firm	NOUN
fbem-31293	469	17	.	.	PUNCT
fbem-31293	470	1	review	review	NOUN
fbem-31293	470	2	of	of	ADP
fbem-31293	470	3	managerial	managerial	ADJ
fbem-31293	470	4	science	science	NOUN
fbem-31293	470	5	.	.	PUNCT
fbem-31293	471	1	[	[	X
fbem-31293	471	2	54	54	NUM
fbem-31293	471	3	]	]	SYM
fbem-31293	471	4	tu	tu	PROPN
fbem-31293	471	5	,	,	PUNCT
fbem-31293	471	6	k.	k.	PROPN
fbem-31293	471	7	,	,	PUNCT
fbem-31293	471	8	and	and	CCONJ
fbem-31293	471	9	guo	guo	PROPN
fbem-31293	471	10	,	,	PUNCT
fbem-31293	471	11	y.	y.	PROPN
fbem-31293	471	12	(	(	PUNCT
fbem-31293	471	13	2024	2024	NUM
fbem-31293	471	14	)	)	PUNCT
fbem-31293	471	15	.	.	PUNCT
fbem-31293	472	1	how	how	SCONJ
fbem-31293	472	2	higher	high	ADJ
fbem-31293	472	3	education	education	NOUN
fbem-31293	472	4	affects	affect	VERB
fbem-31293	472	5	corporate	corporate	ADJ
fbem-31293	472	6	esg	esg	NOUN
fbem-31293	472	7	performance	performance	NOUN
fbem-31293	472	8	:	:	PUNCT
fbem-31293	472	9	empirical	empirical	ADJ
fbem-31293	472	10	evidence	evidence	NOUN
fbem-31293	472	11	from	from	ADP
fbem-31293	472	12	chinese	chinese	ADJ
fbem-31293	472	13	listed	list	VERB
fbem-31293	472	14	companies	company	NOUN
fbem-31293	472	15	.	.	PUNCT
fbem-31293	473	1	finance	finance	NOUN
fbem-31293	473	2	research	research	NOUN
fbem-31293	473	3	letters	letter	NOUN
fbem-31293	473	4	,	,	PUNCT
fbem-31293	473	5	105812	105812	NUM
fbem-31293	473	6	.	.	PUNCT
fbem-31293	474	1	[	[	X
fbem-31293	474	2	55	55	NUM
fbem-31293	474	3	]	]	X
fbem-31293	474	4	valeriano	valeriano	PROPN
fbem-31293	474	5	,	,	PUNCT
fbem-31293	474	6	akhter	akhter	NOUN
fbem-31293	474	7	,	,	PUNCT
fbem-31293	474	8	n.	n.	NOUN
fbem-31293	474	9	,	,	PUNCT
fbem-31293	474	10	iturralde	iturralde	PROPN
fbem-31293	474	11	,	,	PUNCT
fbem-31293	474	12	t.	t.	PROPN
fbem-31293	474	13	,	,	PUNCT
fbem-31293	474	14	chirico	chirico	PROPN
fbem-31293	474	15	,	,	PUNCT
fbem-31293	474	16	f.	f.	PROPN
fbem-31293	474	17	,	,	PUNCT
fbem-31293	474	18	and	and	CCONJ
fbem-31293	474	19	maseda	maseda	NOUN
fbem-31293	474	20	,	,	PUNCT
fbem-31293	474	21	a.	a.	NOUN
fbem-31293	474	22	(	(	PUNCT
fbem-31293	474	23	2014	2014	NUM
fbem-31293	474	24	)	)	PUNCT
fbem-31293	474	25	.	.	PUNCT
fbem-31293	474	26	is	be	AUX
fbem-31293	474	27	non	non	ADJ
fbem-31293	474	28	-	-	ADJ
fbem-31293	474	29	family	family	ADJ
fbem-31293	474	30	social	social	ADJ
fbem-31293	474	31	capital	capital	NOUN
fbem-31293	474	32	also	also	ADV
fbem-31293	474	33	(	(	PUNCT
fbem-31293	474	34	or	or	CCONJ
fbem-31293	474	35	especially	especially	ADV
fbem-31293	474	36	)	)	PUNCT
fbem-31293	474	37	important	important	ADJ
fbem-31293	474	38	for	for	ADP
fbem-31293	474	39	family	family	NOUN
fbem-31293	474	40	firm	firm	ADJ
fbem-31293	474	41	performance	performance	NOUN
fbem-31293	474	42	?	?	PUNCT
fbem-31293	475	1	human	human	ADJ
fbem-31293	475	2	relations	relation	NOUN
fbem-31293	475	3	.	.	PUNCT
fbem-31293	476	1	68(11	68(11	NUM
fbem-31293	476	2	)	)	PUNCT
fbem-31293	476	3	.	.	PUNCT
fbem-31293	477	1	[	[	X
fbem-31293	477	2	56	56	NUM
fbem-31293	477	3	]	]	PUNCT
fbem-31293	477	4	vandekerkhof	vandekerkhof	NOUN
fbem-31293	477	5	,	,	PUNCT
fbem-31293	477	6	p.	p.	NOUN
fbem-31293	477	7	,	,	PUNCT
fbem-31293	477	8	steijvers	steijver	NOUN
fbem-31293	477	9	,	,	PUNCT
fbem-31293	477	10	t.	t.	PROPN
fbem-31293	477	11	,	,	PUNCT
fbem-31293	477	12	hendriks	hendriks	PROPN
fbem-31293	477	13	,	,	PUNCT
fbem-31293	477	14	w.	w.	PROPN
fbem-31293	477	15	,	,	PUNCT
fbem-31293	477	16	and	and	CCONJ
fbem-31293	477	17	voordeckers	voordecker	NOUN
fbem-31293	477	18	,	,	PUNCT
fbem-31293	477	19	w.	w.	PROPN
fbem-31293	477	20	(	(	PUNCT
fbem-31293	477	21	2019	2019	NUM
fbem-31293	477	22	)	)	PUNCT
fbem-31293	477	23	.	.	PUNCT
fbem-31293	478	1	the	the	DET
fbem-31293	478	2	effect	effect	NOUN
fbem-31293	478	3	of	of	ADP
fbem-31293	478	4	nonfamily	nonfamily	NOUN
fbem-31293	478	5	managers	manager	NOUN
fbem-31293	478	6	on	on	ADP
fbem-31293	478	7	decision	decision	NOUN
fbem-31293	478	8	-	-	PUNCT
fbem-31293	478	9	making	make	VERB
fbem-31293	478	10	quality	quality	NOUN
fbem-31293	478	11	in	in	ADP
fbem-31293	478	12	family	family	NOUN
fbem-31293	478	13	firm	firm	NOUN
fbem-31293	478	14	tmts	tmts	NOUN
fbem-31293	478	15	:	:	PUNCT
fbem-31293	478	16	the	the	DET
fbem-31293	478	17	role	role	NOUN
fbem-31293	478	18	of	of	ADP
fbem-31293	478	19	intra	intra	ADJ
fbem-31293	478	20	-	-	ADJ
fbem-31293	478	21	tmt	tmt	PROPN
fbem-31293	478	22	power	power	NOUN
fbem-31293	478	23	asymmetries	asymmetry	NOUN
fbem-31293	478	24	.	.	PUNCT
fbem-31293	479	1	journal	journal	NOUN
fbem-31293	479	2	of	of	ADP
fbem-31293	479	3	family	family	NOUN
fbem-31293	479	4	business	business	NOUN
fbem-31293	479	5	strategy	strategy	NOUN
fbem-31293	479	6	,	,	PUNCT
fbem-31293	479	7	10(3	10(3	NUM
fbem-31293	479	8	)	)	PUNCT
fbem-31293	479	9	,	,	PUNCT
fbem-31293	479	10	100272	100272	NUM
fbem-31293	479	11	.	.	PUNCT
fbem-31293	480	1	[	[	X
fbem-31293	480	2	57	57	NUM
fbem-31293	480	3	]	]	PUNCT
fbem-31293	480	4	welch	welch	PROPN
fbem-31293	480	5	,	,	PUNCT
fbem-31293	480	6	k.	k.	PROPN
fbem-31293	480	7	,	,	PUNCT
fbem-31293	480	8	and	and	CCONJ
fbem-31293	480	9	yoon	yoon	PROPN
fbem-31293	480	10	,	,	PUNCT
fbem-31293	480	11	a.	a.	NOUN
fbem-31293	480	12	(	(	PUNCT
fbem-31293	480	13	2022	2022	NUM
fbem-31293	480	14	)	)	PUNCT
fbem-31293	480	15	.	.	PUNCT
fbem-31293	481	1	do	do	AUX
fbem-31293	481	2	high	high	ADJ
fbem-31293	481	3	-	-	PUNCT
fbem-31293	481	4	ability	ability	NOUN
fbem-31293	481	5	managers	manager	NOUN
fbem-31293	481	6	choose	choose	VERB
fbem-31293	481	7	esg	esg	NOUN
fbem-31293	481	8	projects	project	NOUN
fbem-31293	481	9	that	that	PRON
fbem-31293	481	10	create	create	VERB
fbem-31293	481	11	shareholder	shareholder	NOUN
fbem-31293	481	12	value	value	NOUN
fbem-31293	481	13	?	?	PUNCT
fbem-31293	482	1	evidence	evidence	NOUN
fbem-31293	482	2	from	from	ADP
fbem-31293	482	3	employee	employee	NOUN
fbem-31293	482	4	opinions	opinion	NOUN
fbem-31293	482	5	.	.	PUNCT
fbem-31293	483	1	review	review	NOUN
fbem-31293	483	2	of	of	ADP
fbem-31293	483	3	accounting	accounting	NOUN
fbem-31293	483	4	studies	study	NOUN
fbem-31293	483	5	.	.	PUNCT
fbem-31293	484	1	[	[	X
fbem-31293	484	2	58	58	NUM
fbem-31293	484	3	]	]	X
fbem-31293	484	4	williams	williams	PROPN
fbem-31293	484	5	,	,	PUNCT
fbem-31293	484	6	r.	r.	PROPN
fbem-31293	484	7	(	(	PUNCT
fbem-31293	484	8	2012	2012	NUM
fbem-31293	484	9	)	)	PUNCT
fbem-31293	484	10	.	.	PUNCT
fbem-31293	485	1	using	use	VERB
fbem-31293	485	2	the	the	DET
fbem-31293	485	3	margins	margin	NOUN
fbem-31293	485	4	command	command	NOUN
fbem-31293	485	5	to	to	PART
fbem-31293	485	6	estimate	estimate	VERB
fbem-31293	485	7	and	and	CCONJ
fbem-31293	485	8	interpret	interpret	VERB
fbem-31293	485	9	adjusted	adjusted	ADJ
fbem-31293	485	10	predictions	prediction	NOUN
fbem-31293	485	11	and	and	CCONJ
fbem-31293	485	12	marginal	marginal	ADJ
fbem-31293	485	13	effects	effect	NOUN
fbem-31293	485	14	.	.	PUNCT
fbem-31293	486	1	the	the	DET
fbem-31293	486	2	stata	stata	PROPN
fbem-31293	486	3	journal	journal	PROPN
fbem-31293	486	4	:	:	PUNCT
fbem-31293	486	5	promoting	promote	VERB
fbem-31293	486	6	communications	communication	NOUN
fbem-31293	486	7	on	on	ADP
fbem-31293	486	8	statistics	statistic	NOUN
fbem-31293	486	9	and	and	CCONJ
fbem-31293	486	10	stata	stata	NOUN
fbem-31293	486	11	,	,	PUNCT
fbem-31293	486	12	12(2	12(2	NUM
fbem-31293	486	13	)	)	PUNCT
fbem-31293	486	14	,	,	PUNCT
fbem-31293	486	15	308–331	308–331	NUM
fbem-31293	486	16	.	.	PUNCT
fbem-31293	487	1	[	[	X
fbem-31293	487	2	59	59	NUM
fbem-31293	487	3	]	]	SYM
fbem-31293	487	4	wu	wu	PROPN
fbem-31293	487	5	,	,	PUNCT
fbem-31293	487	6	c.	c.	PROPN
fbem-31293	487	7	p.	p.	PROPN
fbem-31293	487	8	,	,	PUNCT
fbem-31293	487	9	xue	xue	PROPN
fbem-31293	487	10	,	,	PUNCT
fbem-31293	487	11	n.	n.	PROPN
fbem-31293	487	12	z.	z.	PROPN
fbem-31293	487	13	,	,	PUNCT
fbem-31293	487	14	zhang	zhang	PROPN
fbem-31293	487	15	,	,	PUNCT
fbem-31293	487	16	q.	q.	PROPN
fbem-31293	487	17	,	,	PUNCT
fbem-31293	487	18	and	and	CCONJ
fbem-31293	487	19	wu	wu	PROPN
fbem-31293	487	20	,	,	PUNCT
fbem-31293	487	21	s.	s.	PROPN
fbem-31293	487	22	(	(	PUNCT
fbem-31293	487	23	2019	2019	NUM
fbem-31293	487	24	)	)	PUNCT
fbem-31293	487	25	.	.	PUNCT
fbem-31293	488	1	familism	familism	NOUN
fbem-31293	488	2	culture	culture	NOUN
fbem-31293	488	3	,	,	PUNCT
fbem-31293	488	4	corporate	corporate	ADJ
fbem-31293	488	5	governance	governance	NOUN
fbem-31293	488	6	reform	reform	NOUN
fbem-31293	488	7	and	and	CCONJ
fbem-31293	488	8	firm	firm	ADJ
fbem-31293	488	9	performance	performance	NOUN
fbem-31293	488	10	:	:	PUNCT
fbem-31293	488	11	evidence	evidence	NOUN
fbem-31293	488	12	from	from	ADP
fbem-31293	488	13	china	china	PROPN
fbem-31293	488	14	’s	’s	PART
fbem-31293	488	15	family	family	NOUN
fbem-31293	488	16	firms	firm	NOUN
fbem-31293	488	17	.	.	PUNCT
fbem-31293	489	1	economic	economic	ADJ
fbem-31293	489	2	research	research	NOUN
fbem-31293	489	3	journal	journal	PROPN
fbem-31293	489	4	,	,	PUNCT
fbem-31293	489	5	54(2	54(2	NUM
fbem-31293	489	6	)	)	PUNCT
fbem-31293	489	7	,	,	PUNCT
fbem-31293	489	8	182198	182198	NUM
fbem-31293	489	9	.	.	PUNCT
fbem-31293	490	1	[	[	X
fbem-31293	490	2	60	60	NUM
fbem-31293	490	3	]	]	PUNCT
fbem-31293	490	4	xu	xu	PROPN
fbem-31293	490	5	,	,	PUNCT
fbem-31293	490	6	n.	n.	NOUN
fbem-31293	490	7	,	,	PUNCT
fbem-31293	490	8	yuan	yuan	PROPN
fbem-31293	490	9	,	,	PUNCT
fbem-31293	490	10	q.	q.	PROPN
fbem-31293	490	11	,	,	PUNCT
fbem-31293	490	12	jiang	jiang	PROPN
fbem-31293	490	13	,	,	PUNCT
fbem-31293	490	14	x.	x.	NOUN
fbem-31293	490	15	,	,	PUNCT
fbem-31293	490	16	and	and	CCONJ
fbem-31293	490	17	chan	chan	PROPN
fbem-31293	490	18	,	,	PUNCT
fbem-31293	490	19	k.c	k.c	PROPN
fbem-31293	490	20	.	.	PROPN
fbem-31293	490	21	(	(	PUNCT
fbem-31293	490	22	2015	2015	NUM
fbem-31293	490	23	)	)	PUNCT
fbem-31293	490	24	.	.	PUNCT
fbem-31293	490	25	founder	founder	NOUN
fbem-31293	490	26	’	'	PUNCT
fbem-31293	490	27	spolitical	spolitical	ADJ
fbem-31293	490	28	connections	connection	NOUN
fbem-31293	490	29	,	,	PUNCT
fbem-31293	490	30	second	second	ADJ
fbem-31293	490	31	generation	generation	NOUN
fbem-31293	490	32	involvement	involvement	NOUN
fbem-31293	490	33	,	,	PUNCT
fbem-31293	490	34	and	and	CCONJ
fbem-31293	490	35	family	family	NOUN
fbem-31293	490	36	firm	firm	NOUN
fbem-31293	490	37	performance	performance	NOUN
fbem-31293	490	38	:	:	PUNCT
fbem-31293	490	39	evidence	evidence	NOUN
fbem-31293	490	40	from	from	ADP
fbem-31293	490	41	china	china	PROPN
fbem-31293	490	42	.	.	PUNCT
fbem-31293	491	1	journal	journal	PROPN
fbem-31293	491	2	of	of	ADP
fbem-31293	491	3	corporate	corporate	ADJ
fbem-31293	491	4	finance	finance	NOUN
fbem-31293	491	5	,	,	PUNCT
fbem-31293	491	6	33	33	NUM
fbem-31293	491	7	,	,	PUNCT
fbem-31293	491	8	243–259	243–259	NUM
fbem-31293	491	9	.	.	PUNCT
fbem-31293	492	1	[	[	X
fbem-31293	492	2	61	61	NUM
fbem-31293	492	3	]	]	X
fbem-31293	492	4	yan	yan	PROPN
fbem-31293	492	5	,	,	PUNCT
fbem-31293	492	6	j.	j.	PROPN
fbem-31293	492	7	,	,	PUNCT
fbem-31293	492	8	and	and	CCONJ
fbem-31293	492	9	sorenson	sorenson	PROPN
fbem-31293	492	10	,	,	PUNCT
fbem-31293	492	11	r.	r.	PROPN
fbem-31293	492	12	(	(	PUNCT
fbem-31293	492	13	2006	2006	NUM
fbem-31293	492	14	)	)	PUNCT
fbem-31293	492	15	.	.	PUNCT
fbem-31293	493	1	the	the	DET
fbem-31293	493	2	effect	effect	NOUN
fbem-31293	493	3	of	of	ADP
fbem-31293	493	4	confucianvalues	confucianvalue	NOUN
fbem-31293	493	5	on	on	ADP
fbem-31293	493	6	succession	succession	NOUN
fbem-31293	493	7	in	in	ADP
fbem-31293	493	8	family	family	NOUN
fbem-31293	493	9	business	business	NOUN
fbem-31293	493	10	.	.	PUNCT
fbem-31293	494	1	family	family	NOUN
fbem-31293	494	2	business	business	PROPN
fbem-31293	494	3	review	review	PROPN
fbem-31293	494	4	,	,	PUNCT
fbem-31293	494	5	19(3	19(3	NUM
fbem-31293	494	6	)	)	PUNCT
fbem-31293	494	7	,	,	PUNCT
fbem-31293	494	8	235–250	235–250	NUM
fbem-31293	494	9	.	.	PUNCT
fbem-31293	495	1	[	[	X
fbem-31293	495	2	62	62	NUM
fbem-31293	495	3	]	]	PUNCT
fbem-31293	495	4	young	young	ADJ
fbem-31293	495	5	,	,	PUNCT
fbem-31293	495	6	c.-s	c.-	NOUN
fbem-31293	495	7	.	.	PUNCT
fbem-31293	495	8	,	,	PUNCT
fbem-31293	495	9	and	and	CCONJ
fbem-31293	495	10	tsai	tsai	PROPN
fbem-31293	495	11	,	,	PUNCT
fbem-31293	495	12	l.-c	l.-c	PROPN
fbem-31293	495	13	.	.	PUNCT
fbem-31293	496	1	(	(	PUNCT
fbem-31293	496	2	2008	2008	NUM
fbem-31293	496	3	)	)	PUNCT
fbem-31293	496	4	.	.	PUNCT
fbem-31293	497	1	the	the	DET
fbem-31293	497	2	sensitivity	sensitivity	NOUN
fbem-31293	497	3	of	of	ADP
fbem-31293	497	4	compensation	compensation	NOUN
fbem-31293	497	5	to	to	ADP
fbem-31293	497	6	social	social	ADJ
fbem-31293	497	7	capital	capital	NOUN
fbem-31293	497	8	:	:	PUNCT
fbem-31293	497	9	family	family	NOUN
fbem-31293	497	10	ceos	ceos	NOUN
fbem-31293	497	11	vs.	vs.	ADP
fbem-31293	497	12	nonfamily	nonfamily	NOUN
fbem-31293	497	13	ceos	ceo	NOUN
fbem-31293	497	14	in	in	ADP
fbem-31293	497	15	the	the	DET
fbem-31293	497	16	family	family	NOUN
fbem-31293	497	17	business	business	NOUN
fbem-31293	497	18	groups	group	NOUN
fbem-31293	497	19	.	.	PUNCT
fbem-31293	498	1	journal	journal	PROPN
fbem-31293	498	2	of	of	ADP
fbem-31293	498	3	business	business	NOUN
fbem-31293	498	4	research	research	NOUN
fbem-31293	498	5	,	,	PUNCT
fbem-31293	498	6	61(4	61(4	NUM
fbem-31293	498	7	)	)	PUNCT
fbem-31293	498	8	,	,	PUNCT
fbem-31293	498	9	363–374	363–374	NUM
fbem-31293	498	10	.	.	PUNCT
fbem-31293	499	1	[	[	X
fbem-31293	499	2	63	63	NUM
fbem-31293	499	3	]	]	SYM
fbem-31293	499	4	zellweger	zellweger	X
fbem-31293	499	5	,	,	PUNCT
fbem-31293	499	6	t.m	t.m	PROPN
fbem-31293	499	7	.	.	PROPN
fbem-31293	499	8	,	,	PUNCT
fbem-31293	499	9	eddleston	eddleston	PROPN
fbem-31293	499	10	,	,	PUNCT
fbem-31293	499	11	k.a	k.a	PROPN
fbem-31293	499	12	.	.	PROPN
fbem-31293	499	13	,	,	PUNCT
fbem-31293	499	14	and	and	CCONJ
fbem-31293	499	15	kellermanns	kellermann	NOUN
fbem-31293	499	16	,	,	PUNCT
fbem-31293	499	17	f.w	f.w	PROPN
fbem-31293	499	18	.	.	PROPN
fbem-31293	499	19	(	(	PUNCT
fbem-31293	499	20	2010	2010	NUM
fbem-31293	499	21	)	)	PUNCT
fbem-31293	499	22	.	.	PUNCT
fbem-31293	500	1	exploring	explore	VERB
fbem-31293	500	2	the	the	DET
fbem-31293	500	3	concept	concept	NOUN
fbem-31293	500	4	of	of	ADP
fbem-31293	500	5	familiness	familiness	NOUN
fbem-31293	500	6	:	:	PUNCT
fbem-31293	500	7	introducing	introduce	VERB
fbem-31293	500	8	family	family	NOUN
fbem-31293	500	9	firm	firm	ADJ
fbem-31293	500	10	identity	identity	NOUN
fbem-31293	500	11	.	.	PUNCT
fbem-31293	501	1	journal	journal	NOUN
fbem-31293	501	2	of	of	ADP
fbem-31293	501	3	family	family	NOUN
fbem-31293	501	4	business	business	NOUN
fbem-31293	501	5	strategy	strategy	NOUN
fbem-31293	501	6	,	,	PUNCT
fbem-31293	501	7	1(1	1(1	NUM
fbem-31293	501	8	)	)	PUNCT
fbem-31293	501	9	,	,	PUNCT
fbem-31293	501	10	54–63	54–63	NUM
fbem-31293	501	11	.	.	PUNCT
fbem-31293	502	1	[	[	X
fbem-31293	502	2	64	64	NUM
fbem-31293	502	3	]	]	X
fbem-31293	502	4	zhang	zhang	PROPN
fbem-31293	502	5	,	,	PUNCT
fbem-31293	502	6	j.	j.	PROPN
fbem-31293	502	7	,	,	PUNCT
fbem-31293	502	8	li	li	PROPN
fbem-31293	502	9	,	,	PUNCT
fbem-31293	502	10	y.	y.	PROPN
fbem-31293	502	11	,	,	PUNCT
fbem-31293	502	12	xu	xu	PROPN
fbem-31293	502	13	,	,	PUNCT
fbem-31293	502	14	h.	h.	PROPN
fbem-31293	502	15	,	,	PUNCT
fbem-31293	502	16	and	and	CCONJ
fbem-31293	502	17	ding	ding	NOUN
fbem-31293	502	18	,	,	PUNCT
fbem-31293	502	19	y.	y.	PROPN
fbem-31293	502	20	(	(	PUNCT
fbem-31293	502	21	2023	2023	NUM
fbem-31293	502	22	)	)	PUNCT
fbem-31293	502	23	.	.	PUNCT
fbem-31293	503	1	can	can	AUX
fbem-31293	503	2	esg	esg	PROPN
fbem-31293	503	3	ratings	rating	NOUN
fbem-31293	503	4	mitigate	mitigate	VERB
fbem-31293	503	5	managerial	managerial	ADJ
fbem-31293	503	6	myopia	myopia	NOUN
fbem-31293	503	7	?	?	PUNCT
fbem-31293	504	1	evidence	evidence	NOUN
fbem-31293	504	2	from	from	ADP
fbem-31293	504	3	chinese	chinese	PROPN
fbem-31293	504	4	listed	list	VERB
fbem-31293	504	5	78	78	NUM
fbem-31293	504	6	companies	company	NOUN
fbem-31293	504	7	.	.	PUNCT
fbem-31293	505	1	international	international	ADJ
fbem-31293	505	2	review	review	NOUN
fbem-31293	505	3	of	of	ADP
fbem-31293	505	4	financial	financial	ADJ
fbem-31293	505	5	analysis	analysis	NOUN
fbem-31293	505	6	,	,	PUNCT
fbem-31293	505	7	90	90	NUM
fbem-31293	505	8	,	,	PUNCT
fbem-31293	505	9	102878–102878	102878–102878	NUM
fbem-31293	505	10	.	.	PUNCT
fbem-31293	506	1	[	[	X
fbem-31293	506	2	65	65	NUM
fbem-31293	506	3	]	]	X
fbem-31293	506	4	zhang	zhang	PROPN
fbem-31293	506	5	,	,	PUNCT
fbem-31293	506	6	j.	j.	PROPN
fbem-31293	506	7	,	,	PUNCT
fbem-31293	506	8	&	&	CCONJ
fbem-31293	506	9	ma	ma	PROPN
fbem-31293	506	10	,	,	PUNCT
fbem-31293	506	11	h.	h.	PROPN
fbem-31293	506	12	(	(	PUNCT
fbem-31293	506	13	2008	2008	NUM
fbem-31293	506	14	)	)	PUNCT
fbem-31293	506	15	.	.	PUNCT
fbem-31293	507	1	adoption	adoption	NOUN
fbem-31293	507	2	of	of	ADP
fbem-31293	507	3	professional	professional	ADJ
fbem-31293	507	4	management	management	NOUN
fbem-31293	507	5	in	in	ADP
fbem-31293	507	6	chinese	chinese	ADJ
fbem-31293	507	7	family	family	NOUN
fbem-31293	507	8	business	business	NOUN
fbem-31293	507	9	:	:	PUNCT
fbem-31293	507	10	a	a	DET
fbem-31293	507	11	multilevel	multilevel	ADJ
fbem-31293	507	12	analysis	analysis	NOUN
fbem-31293	507	13	of	of	ADP
fbem-31293	507	14	impetuses	impetus	NOUN
fbem-31293	507	15	and	and	CCONJ
fbem-31293	507	16	impediments	impediment	NOUN
fbem-31293	507	17	.	.	PUNCT
fbem-31293	508	1	asia	asia	PROPN
fbem-31293	508	2	pacific	pacific	PROPN
fbem-31293	508	3	journal	journal	PROPN
fbem-31293	508	4	of	of	ADP
fbem-31293	508	5	management	management	NOUN
fbem-31293	508	6	,	,	PUNCT
fbem-31293	508	7	26(1	26(1	NUM
fbem-31293	508	8	)	)	PUNCT
fbem-31293	508	9	,	,	PUNCT
fbem-31293	508	10	119–139	119–139	NUM
fbem-31293	508	11	.	.	PUNCT