id	sid	tid	token	lemma	pos
fbem-32326	1	1	frontiers	frontier	NOUN
fbem-32326	1	2	in	in	ADP
fbem-32326	1	3	business	business	NOUN
fbem-32326	1	4	,	,	PUNCT
fbem-32326	1	5	economics	economic	NOUN
fbem-32326	1	6	and	and	CCONJ
fbem-32326	1	7	management	management	NOUN
fbem-32326	1	8	issn	issn	PROPN
fbem-32326	1	9	:	:	PUNCT
fbem-32326	1	10	2766	2766	NUM
fbem-32326	1	11	-	-	PUNCT
fbem-32326	1	12	824x	824x	NUM
fbem-32326	1	13	|	|	ADJ
fbem-32326	1	14	vol	vol	NOUN
fbem-32326	1	15	.	.	PROPN
fbem-32326	1	16	21	21	NUM
fbem-32326	1	17	,	,	PUNCT
fbem-32326	1	18	no	no	INTJ
fbem-32326	1	19	.	.	NOUN
fbem-32326	1	20	2	2	NUM
fbem-32326	1	21	,	,	PUNCT
fbem-32326	1	22	2025	2025	NUM
fbem-32326	1	23	45	45	NUM
fbem-32326	1	24	research	research	NOUN
fbem-32326	1	25	on	on	ADP
fbem-32326	1	26	the	the	DET
fbem-32326	1	27	impact	impact	NOUN
fbem-32326	1	28	of	of	ADP
fbem-32326	1	29	industrial	industrial	ADJ
fbem-32326	1	30	internet	internet	NOUN
fbem-32326	1	31	on	on	ADP
fbem-32326	1	32	corporate	corporate	ADJ
fbem-32326	1	33	governance	governance	NOUN
fbem-32326	1	34	of	of	ADP
fbem-32326	1	35	chinese	chinese	ADJ
fbem-32326	1	36	enterprises	enterprise	NOUN
fbem-32326	1	37	fan	fan	VERB
fbem-32326	1	38	he	he	PRON
fbem-32326	1	39	,	,	PUNCT
fbem-32326	1	40	yiting	yite	VERB
fbem-32326	1	41	sun	sun	PROPN
fbem-32326	1	42	*	*	PUNCT
fbem-32326	1	43	and	and	CCONJ
fbem-32326	1	44	xiaoxue	xiaoxue	PROPN
fbem-32326	1	45	qi	qi	PROPN
fbem-32326	1	46	school	school	NOUN
fbem-32326	1	47	of	of	ADP
fbem-32326	1	48	accounting	accounting	NOUN
fbem-32326	1	49	,	,	PUNCT
fbem-32326	1	50	chongqing	chongqing	NOUN
fbem-32326	1	51	technology	technology	NOUN
fbem-32326	1	52	and	and	CCONJ
fbem-32326	1	53	business	business	NOUN
fbem-32326	1	54	university	university	NOUN
fbem-32326	1	55	,	,	PUNCT
fbem-32326	1	56	chongqing	chongqe	VERB
fbem-32326	1	57	400067	400067	NUM
fbem-32326	1	58	,	,	PUNCT
fbem-32326	1	59	china	china	PROPN
fbem-32326	1	60	abstract	abstract	NOUN
fbem-32326	1	61	:	:	PUNCT
fbem-32326	1	62	the	the	DET
fbem-32326	1	63	industrial	industrial	ADJ
fbem-32326	1	64	internet	internet	NOUN
fbem-32326	1	65	transformation	transformation	NOUN
fbem-32326	1	66	is	be	AUX
fbem-32326	1	67	key	key	ADJ
fbem-32326	1	68	to	to	ADP
fbem-32326	1	69	the	the	DET
fbem-32326	1	70	high	high	ADJ
fbem-32326	1	71	-	-	PUNCT
fbem-32326	1	72	quality	quality	NOUN
fbem-32326	1	73	development	development	NOUN
fbem-32326	1	74	of	of	ADP
fbem-32326	1	75	manufacturing	manufacturing	NOUN
fbem-32326	1	76	enterprises	enterprise	NOUN
fbem-32326	1	77	.	.	PUNCT
fbem-32326	2	1	this	this	DET
fbem-32326	2	2	paper	paper	NOUN
fbem-32326	2	3	treats	treat	VERB
fbem-32326	2	4	it	it	PRON
fbem-32326	2	5	as	as	ADP
fbem-32326	2	6	a	a	DET
fbem-32326	2	7	systematic	systematic	ADJ
fbem-32326	2	8	strategic	strategic	ADJ
fbem-32326	2	9	change	change	NOUN
fbem-32326	2	10	,	,	PUNCT
fbem-32326	2	11	using	use	VERB
fbem-32326	2	12	data	datum	NOUN
fbem-32326	2	13	of	of	ADP
fbem-32326	2	14	chinese	chinese	ADJ
fbem-32326	2	15	listed	list	VERB
fbem-32326	2	16	manufacturing	manufacturing	NOUN
fbem-32326	2	17	firms	firm	NOUN
fbem-32326	2	18	(	(	PUNCT
fbem-32326	2	19	2015	2015	NUM
fbem-32326	2	20	-	-	SYM
fbem-32326	2	21	2024	2024	NUM
fbem-32326	2	22	)	)	PUNCT
fbem-32326	2	23	to	to	PART
fbem-32326	2	24	empirically	empirically	ADV
fbem-32326	2	25	test	test	VERB
fbem-32326	2	26	its	its	PRON
fbem-32326	2	27	driving	driving	NOUN
fbem-32326	2	28	effect	effect	NOUN
fbem-32326	2	29	and	and	CCONJ
fbem-32326	2	30	internal	internal	ADJ
fbem-32326	2	31	mechanisms	mechanism	NOUN
fbem-32326	2	32	on	on	ADP
fbem-32326	2	33	corporate	corporate	ADJ
fbem-32326	2	34	governance	governance	NOUN
fbem-32326	2	35	.	.	PUNCT
fbem-32326	3	1	major	major	ADJ
fbem-32326	3	2	findings	finding	NOUN
fbem-32326	3	3	include	include	VERB
fbem-32326	3	4	:	:	PUNCT
fbem-32326	3	5	1	1	X
fbem-32326	3	6	)	)	PUNCT
fbem-32326	3	7	it	it	PRON
fbem-32326	3	8	exerts	exert	VERB
fbem-32326	3	9	a	a	DET
fbem-32326	3	10	significant	significant	ADJ
fbem-32326	3	11	positive	positive	ADJ
fbem-32326	3	12	impact	impact	NOUN
fbem-32326	3	13	on	on	ADP
fbem-32326	3	14	corporate	corporate	ADJ
fbem-32326	3	15	governance	governance	NOUN
fbem-32326	3	16	;	;	PUNCT
fbem-32326	3	17	2	2	X
fbem-32326	3	18	)	)	PUNCT
fbem-32326	3	19	the	the	DET
fbem-32326	3	20	enhancement	enhancement	NOUN
fbem-32326	3	21	mainly	mainly	ADV
fbem-32326	3	22	works	work	VERB
fbem-32326	3	23	via	via	ADP
fbem-32326	3	24	two	two	NUM
fbem-32326	3	25	channels	channel	NOUN
fbem-32326	3	26	:	:	PUNCT
fbem-32326	3	27	strengthening	strengthen	VERB
fbem-32326	3	28	internal	internal	ADJ
fbem-32326	3	29	controls	control	NOUN
fbem-32326	3	30	and	and	CCONJ
fbem-32326	3	31	improving	improve	VERB
fbem-32326	3	32	executive	executive	ADJ
fbem-32326	3	33	incentives	incentive	NOUN
fbem-32326	3	34	;	;	PUNCT
fbem-32326	3	35	3	3	X
fbem-32326	3	36	)	)	PUNCT
fbem-32326	3	37	heterogeneity	heterogeneity	NOUN
fbem-32326	3	38	analysis	analysis	NOUN
fbem-32326	3	39	shows	show	VERB
fbem-32326	3	40	stronger	strong	ADJ
fbem-32326	3	41	governance	governance	NOUN
fbem-32326	3	42	improvement	improvement	NOUN
fbem-32326	3	43	in	in	ADP
fbem-32326	3	44	private	private	ADJ
fbem-32326	3	45	firms	firm	NOUN
fbem-32326	3	46	than	than	ADP
fbem-32326	3	47	stateowned	stateowned	ADJ
fbem-32326	3	48	ones	one	NOUN
fbem-32326	3	49	,	,	PUNCT
fbem-32326	3	50	and	and	CCONJ
fbem-32326	3	51	obvious	obvious	ADJ
fbem-32326	3	52	effects	effect	NOUN
fbem-32326	3	53	in	in	ADP
fbem-32326	3	54	eastern	eastern	ADJ
fbem-32326	3	55	/	/	SYM
fbem-32326	3	56	central	central	ADJ
fbem-32326	3	57	regions	region	NOUN
fbem-32326	3	58	,	,	PUNCT
fbem-32326	3	59	while	while	SCONJ
fbem-32326	3	60	incomplete	incomplete	ADJ
fbem-32326	3	61	effects	effect	NOUN
fbem-32326	3	62	in	in	ADP
fbem-32326	3	63	western	western	ADJ
fbem-32326	3	64	regions	region	NOUN
fbem-32326	3	65	.	.	PUNCT
fbem-32326	4	1	the	the	DET
fbem-32326	4	2	paper	paper	NOUN
fbem-32326	4	3	provides	provide	VERB
fbem-32326	4	4	empirical	empirical	ADJ
fbem-32326	4	5	evidence	evidence	NOUN
fbem-32326	4	6	for	for	ADP
fbem-32326	4	7	the	the	DET
fbem-32326	4	8	relationship	relationship	NOUN
fbem-32326	4	9	and	and	CCONJ
fbem-32326	4	10	mechanisms	mechanism	NOUN
fbem-32326	4	11	between	between	ADP
fbem-32326	4	12	the	the	DET
fbem-32326	4	13	two	two	NUM
fbem-32326	4	14	under	under	ADP
fbem-32326	4	15	real	real	ADJ
fbem-32326	4	16	economy	economy	NOUN
fbem-32326	4	17	-	-	PUNCT
fbem-32326	4	18	internet	internet	NOUN
fbem-32326	4	19	integration	integration	NOUN
fbem-32326	4	20	,	,	PUNCT
fbem-32326	4	21	offers	offer	VERB
fbem-32326	4	22	decision	decision	NOUN
fbem-32326	4	23	references	reference	NOUN
fbem-32326	4	24	for	for	ADP
fbem-32326	4	25	policymakers	policymaker	NOUN
fbem-32326	4	26	and	and	CCONJ
fbem-32326	4	27	enterprises	enterprise	NOUN
fbem-32326	4	28	,	,	PUNCT
fbem-32326	4	29	and	and	CCONJ
fbem-32326	4	30	promotes	promote	VERB
fbem-32326	4	31	healthy	healthy	ADJ
fbem-32326	4	32	capital	capital	NOUN
fbem-32326	4	33	market	market	NOUN
fbem-32326	4	34	development	development	NOUN
fbem-32326	4	35	.	.	PUNCT
fbem-32326	5	1	keywords	keyword	NOUN
fbem-32326	5	2	:	:	PUNCT
fbem-32326	5	3	industrial	industrial	ADJ
fbem-32326	5	4	internet	internet	NOUN
fbem-32326	5	5	transformation	transformation	NOUN
fbem-32326	5	6	;	;	PUNCT
fbem-32326	5	7	corporate	corporate	ADJ
fbem-32326	5	8	governance	governance	NOUN
fbem-32326	5	9	;	;	PUNCT
fbem-32326	5	10	quality	quality	NOUN
fbem-32326	5	11	of	of	ADP
fbem-32326	5	12	internal	internal	ADJ
fbem-32326	5	13	control	control	NOUN
fbem-32326	5	14	;	;	PUNCT
fbem-32326	5	15	executive	executive	NOUN
fbem-32326	5	16	incentives	incentive	NOUN
fbem-32326	5	17	.	.	PUNCT
fbem-32326	6	1	1	1	X
fbem-32326	6	2	.	.	X
fbem-32326	6	3	introduction	introduction	NOUN
fbem-32326	6	4	industrial	industrial	ADJ
fbem-32326	6	5	manufacturing	manufacturing	NOUN
fbem-32326	6	6	is	be	AUX
fbem-32326	6	7	the	the	DET
fbem-32326	6	8	foundation	foundation	NOUN
fbem-32326	6	9	of	of	ADP
fbem-32326	6	10	the	the	DET
fbem-32326	6	11	real	real	ADJ
fbem-32326	6	12	economy	economy	NOUN
fbem-32326	6	13	and	and	CCONJ
fbem-32326	6	14	is	be	AUX
fbem-32326	6	15	also	also	ADV
fbem-32326	6	16	vital	vital	ADJ
fbem-32326	6	17	to	to	ADP
fbem-32326	6	18	the	the	DET
fbem-32326	6	19	lifeblood	lifeblood	NOUN
fbem-32326	6	20	of	of	ADP
fbem-32326	6	21	a	a	DET
fbem-32326	6	22	nation	nation	NOUN
fbem-32326	6	23	's	's	PART
fbem-32326	6	24	economy	economy	NOUN
fbem-32326	6	25	.	.	PUNCT
fbem-32326	7	1	since	since	SCONJ
fbem-32326	7	2	the	the	DET
fbem-32326	7	3	chinese	chinese	ADJ
fbem-32326	7	4	government	government	NOUN
fbem-32326	7	5	incorporated	incorporate	VERB
fbem-32326	7	6	the	the	DET
fbem-32326	7	7	industrial	industrial	ADJ
fbem-32326	7	8	internet	internet	NOUN
fbem-32326	7	9	into	into	ADP
fbem-32326	7	10	the	the	DET
fbem-32326	7	11	national	national	ADJ
fbem-32326	7	12	strategic	strategic	ADJ
fbem-32326	7	13	agenda	agenda	NOUN
fbem-32326	7	14	in	in	ADP
fbem-32326	7	15	2017	2017	NUM
fbem-32326	7	16	,	,	PUNCT
fbem-32326	7	17	its	its	PRON
fbem-32326	7	18	policy	policy	NOUN
fbem-32326	7	19	positioning	positioning	NOUN
fbem-32326	7	20	has	have	AUX
fbem-32326	7	21	been	be	AUX
fbem-32326	7	22	continuously	continuously	ADV
fbem-32326	7	23	strengthened	strengthen	VERB
fbem-32326	7	24	.	.	PUNCT
fbem-32326	8	1	by	by	ADP
fbem-32326	8	2	2022	2022	NUM
fbem-32326	8	3	,	,	PUNCT
fbem-32326	8	4	the	the	DET
fbem-32326	8	5	industrial	industrial	ADJ
fbem-32326	8	6	internet	internet	NOUN
fbem-32326	8	7	had	have	AUX
fbem-32326	8	8	been	be	AUX
fbem-32326	8	9	included	include	VERB
fbem-32326	8	10	in	in	ADP
fbem-32326	8	11	the	the	DET
fbem-32326	8	12	government	government	NOUN
fbem-32326	8	13	work	work	NOUN
fbem-32326	8	14	report	report	NOUN
fbem-32326	8	15	for	for	ADP
fbem-32326	8	16	five	five	NUM
fbem-32326	8	17	consecutive	consecutive	ADJ
fbem-32326	8	18	years	year	NOUN
fbem-32326	8	19	,	,	PUNCT
fbem-32326	8	20	gradually	gradually	ADV
fbem-32326	8	21	becoming	become	VERB
fbem-32326	8	22	an	an	DET
fbem-32326	8	23	important	important	ADJ
fbem-32326	8	24	support	support	NOUN
fbem-32326	8	25	for	for	ADP
fbem-32326	8	26	promoting	promote	VERB
fbem-32326	8	27	the	the	DET
fbem-32326	8	28	sustainable	sustainable	ADJ
fbem-32326	8	29	development	development	NOUN
fbem-32326	8	30	of	of	ADP
fbem-32326	8	31	china	china	PROPN
fbem-32326	8	32	's	's	PART
fbem-32326	8	33	economy	economy	NOUN
fbem-32326	8	34	.	.	PUNCT
fbem-32326	9	1	despite	despite	SCONJ
fbem-32326	9	2	the	the	DET
fbem-32326	9	3	advancement	advancement	NOUN
fbem-32326	9	4	of	of	ADP
fbem-32326	9	5	this	this	DET
fbem-32326	9	6	strategy	strategy	NOUN
fbem-32326	9	7	,	,	PUNCT
fbem-32326	9	8	deep	deep	ADJ
fbem-32326	9	9	issues	issue	NOUN
fbem-32326	9	10	remain	remain	VERB
fbem-32326	9	11	that	that	PRON
fbem-32326	9	12	have	have	AUX
fbem-32326	9	13	not	not	PART
fbem-32326	9	14	been	be	AUX
fbem-32326	9	15	thoroughly	thoroughly	ADV
fbem-32326	9	16	studied	study	VERB
fbem-32326	9	17	:	:	PUNCT
fbem-32326	9	18	as	as	ADP
fbem-32326	9	19	a	a	DET
fbem-32326	9	20	special	special	ADJ
fbem-32326	9	21	product	product	NOUN
fbem-32326	9	22	of	of	ADP
fbem-32326	9	23	the	the	DET
fbem-32326	9	24	deep	deep	ADJ
fbem-32326	9	25	integration	integration	NOUN
fbem-32326	9	26	of	of	ADP
fbem-32326	9	27	the	the	DET
fbem-32326	9	28	real	real	ADJ
fbem-32326	9	29	economy	economy	NOUN
fbem-32326	9	30	and	and	CCONJ
fbem-32326	9	31	the	the	DET
fbem-32326	9	32	internet	internet	NOUN
fbem-32326	9	33	economy	economy	NOUN
fbem-32326	9	34	,	,	PUNCT
fbem-32326	9	35	how	how	SCONJ
fbem-32326	9	36	can	can	AUX
fbem-32326	9	37	the	the	DET
fbem-32326	9	38	industrial	industrial	ADJ
fbem-32326	9	39	internet	internet	NOUN
fbem-32326	9	40	,	,	PUNCT
fbem-32326	9	41	alongside	alongside	ADP
fbem-32326	9	42	technological	technological	ADJ
fbem-32326	9	43	transformation	transformation	NOUN
fbem-32326	9	44	,	,	PUNCT
fbem-32326	9	45	enhance	enhance	VERB
fbem-32326	9	46	the	the	DET
fbem-32326	9	47	level	level	NOUN
fbem-32326	9	48	of	of	ADP
fbem-32326	9	49	corporate	corporate	ADJ
fbem-32326	9	50	governance	governance	NOUN
fbem-32326	9	51	in	in	ADP
fbem-32326	9	52	enterprises	enterprise	NOUN
fbem-32326	9	53	?	?	PUNCT
fbem-32326	10	1	what	what	PRON
fbem-32326	10	2	is	be	AUX
fbem-32326	10	3	the	the	DET
fbem-32326	10	4	mechanism	mechanism	NOUN
fbem-32326	10	5	through	through	ADP
fbem-32326	10	6	which	which	PRON
fbem-32326	10	7	industrial	industrial	ADJ
fbem-32326	10	8	internet	internet	NOUN
fbem-32326	10	9	transformation	transformation	NOUN
fbem-32326	10	10	affects	affect	VERB
fbem-32326	10	11	corporate	corporate	ADJ
fbem-32326	10	12	governance	governance	NOUN
fbem-32326	10	13	in	in	ADP
fbem-32326	10	14	manufacturing	manufacturing	NOUN
fbem-32326	10	15	enterprises	enterprise	NOUN
fbem-32326	10	16	?	?	PUNCT
fbem-32326	11	1	these	these	DET
fbem-32326	11	2	questions	question	NOUN
fbem-32326	11	3	,	,	PUNCT
fbem-32326	11	4	which	which	PRON
fbem-32326	11	5	are	be	AUX
fbem-32326	11	6	of	of	ADP
fbem-32326	11	7	high	high	ADJ
fbem-32326	11	8	concern	concern	NOUN
fbem-32326	11	9	to	to	ADP
fbem-32326	11	10	society	society	NOUN
fbem-32326	11	11	,	,	PUNCT
fbem-32326	11	12	have	have	AUX
fbem-32326	11	13	become	become	VERB
fbem-32326	11	14	the	the	DET
fbem-32326	11	15	focus	focus	NOUN
fbem-32326	11	16	of	of	ADP
fbem-32326	11	17	this	this	DET
fbem-32326	11	18	study	study	NOUN
fbem-32326	11	19	.	.	PUNCT
fbem-32326	12	1	while	while	SCONJ
fbem-32326	12	2	implementing	implement	VERB
fbem-32326	12	3	industrial	industrial	ADJ
fbem-32326	12	4	internet	internet	NOUN
fbem-32326	12	5	transformation	transformation	NOUN
fbem-32326	12	6	has	have	AUX
fbem-32326	12	7	attracted	attract	VERB
fbem-32326	12	8	widespread	widespread	ADJ
fbem-32326	12	9	attention	attention	NOUN
fbem-32326	12	10	from	from	ADP
fbem-32326	12	11	the	the	DET
fbem-32326	12	12	market	market	NOUN
fbem-32326	12	13	and	and	CCONJ
fbem-32326	12	14	enterprises	enterprise	NOUN
fbem-32326	12	15	,	,	PUNCT
fbem-32326	12	16	previous	previous	ADJ
fbem-32326	12	17	research	research	NOUN
fbem-32326	12	18	has	have	AUX
fbem-32326	12	19	mostly	mostly	ADV
fbem-32326	12	20	focused	focus	VERB
fbem-32326	12	21	on	on	ADP
fbem-32326	12	22	its	its	PRON
fbem-32326	12	23	impact	impact	NOUN
fbem-32326	12	24	on	on	ADP
fbem-32326	12	25	enterprise	enterprise	NOUN
fbem-32326	12	26	production	production	NOUN
fbem-32326	12	27	efficiency	efficiency	NOUN
fbem-32326	12	28	and	and	CCONJ
fbem-32326	12	29	supply	supply	NOUN
fbem-32326	12	30	chain	chain	NOUN
fbem-32326	12	31	optimization	optimization	NOUN
fbem-32326	12	32	.	.	PUNCT
fbem-32326	13	1	however	however	ADV
fbem-32326	13	2	,	,	PUNCT
fbem-32326	13	3	there	there	PRON
fbem-32326	13	4	is	be	VERB
fbem-32326	13	5	relatively	relatively	ADV
fbem-32326	13	6	little	little	ADJ
fbem-32326	13	7	academic	academic	ADJ
fbem-32326	13	8	research	research	NOUN
fbem-32326	13	9	on	on	ADP
fbem-32326	13	10	how	how	SCONJ
fbem-32326	13	11	industrial	industrial	ADJ
fbem-32326	13	12	internet	internet	NOUN
fbem-32326	13	13	transformation	transformation	NOUN
fbem-32326	13	14	reshapes	reshape	VERB
fbem-32326	13	15	a	a	DET
fbem-32326	13	16	firm	firm	NOUN
fbem-32326	13	17	's	's	PART
fbem-32326	13	18	micro	micro	ADJ
fbem-32326	13	19	-	-	NOUN
fbem-32326	13	20	level	level	ADJ
fbem-32326	13	21	governance	governance	NOUN
fbem-32326	13	22	mechanisms	mechanism	NOUN
fbem-32326	13	23	.	.	PUNCT
fbem-32326	14	1	the	the	DET
fbem-32326	14	2	marginal	marginal	ADJ
fbem-32326	14	3	contributions	contribution	NOUN
fbem-32326	14	4	of	of	ADP
fbem-32326	14	5	this	this	DET
fbem-32326	14	6	paper	paper	NOUN
fbem-32326	14	7	are	be	AUX
fbem-32326	14	8	as	as	SCONJ
fbem-32326	14	9	follows	follow	VERB
fbem-32326	14	10	:	:	PUNCT
fbem-32326	14	11	first	first	ADV
fbem-32326	14	12	,	,	PUNCT
fbem-32326	14	13	from	from	ADP
fbem-32326	14	14	the	the	DET
fbem-32326	14	15	perspective	perspective	NOUN
fbem-32326	14	16	of	of	ADP
fbem-32326	14	17	industrial	industrial	ADJ
fbem-32326	14	18	internet	internet	NOUN
fbem-32326	14	19	transformation	transformation	NOUN
fbem-32326	14	20	,	,	PUNCT
fbem-32326	14	21	it	it	PRON
fbem-32326	14	22	provides	provide	VERB
fbem-32326	14	23	empirical	empirical	ADJ
fbem-32326	14	24	support	support	NOUN
fbem-32326	14	25	for	for	ADP
fbem-32326	14	26	enhancing	enhance	VERB
fbem-32326	14	27	corporate	corporate	ADJ
fbem-32326	14	28	governance	governance	NOUN
fbem-32326	14	29	and	and	CCONJ
fbem-32326	14	30	promoting	promote	VERB
fbem-32326	14	31	the	the	DET
fbem-32326	14	32	healthy	healthy	ADJ
fbem-32326	14	33	development	development	NOUN
fbem-32326	14	34	of	of	ADP
fbem-32326	14	35	the	the	DET
fbem-32326	14	36	capital	capital	NOUN
fbem-32326	14	37	market	market	NOUN
fbem-32326	14	38	.	.	PUNCT
fbem-32326	15	1	second	second	ADV
fbem-32326	15	2	,	,	PUNCT
fbem-32326	15	3	it	it	PRON
fbem-32326	15	4	strengthens	strengthen	VERB
fbem-32326	15	5	the	the	DET
fbem-32326	15	6	understanding	understanding	NOUN
fbem-32326	15	7	of	of	ADP
fbem-32326	15	8	corporate	corporate	ADJ
fbem-32326	15	9	governance	governance	NOUN
fbem-32326	15	10	mechanisms	mechanism	NOUN
fbem-32326	15	11	and	and	CCONJ
fbem-32326	15	12	heterogeneity	heterogeneity	NOUN
fbem-32326	15	13	.	.	PUNCT
fbem-32326	16	1	furthermore	furthermore	ADV
fbem-32326	16	2	,	,	PUNCT
fbem-32326	16	3	this	this	DET
fbem-32326	16	4	paper	paper	NOUN
fbem-32326	16	5	offers	offer	VERB
fbem-32326	16	6	insights	insight	NOUN
fbem-32326	16	7	for	for	ADP
fbem-32326	16	8	the	the	DET
fbem-32326	16	9	chinese	chinese	ADJ
fbem-32326	16	10	government	government	NOUN
fbem-32326	16	11	and	and	CCONJ
fbem-32326	16	12	manufacturing	manufacturing	NOUN
fbem-32326	16	13	enterprises	enterprise	NOUN
fbem-32326	16	14	on	on	ADP
fbem-32326	16	15	their	their	PRON
fbem-32326	16	16	internet	internet	NOUN
fbem-32326	16	17	transformations	transformation	NOUN
fbem-32326	16	18	and	and	CCONJ
fbem-32326	16	19	provides	provide	VERB
fbem-32326	16	20	ideas	idea	NOUN
fbem-32326	16	21	on	on	ADP
fbem-32326	16	22	how	how	SCONJ
fbem-32326	16	23	china	china	PROPN
fbem-32326	16	24	can	can	AUX
fbem-32326	16	25	more	more	ADV
fbem-32326	16	26	scientifically	scientifically	ADV
fbem-32326	16	27	implement	implement	VERB
fbem-32326	16	28	industrial	industrial	ADJ
fbem-32326	16	29	internet	internet	NOUN
fbem-32326	16	30	transformation	transformation	NOUN
fbem-32326	16	31	to	to	PART
fbem-32326	16	32	promote	promote	VERB
fbem-32326	16	33	corporate	corporate	ADJ
fbem-32326	16	34	governance	governance	NOUN
fbem-32326	16	35	in	in	ADP
fbem-32326	16	36	listed	list	VERB
fbem-32326	16	37	companies	company	NOUN
fbem-32326	16	38	.	.	PUNCT
fbem-32326	17	1	2	2	X
fbem-32326	17	2	.	.	X
fbem-32326	17	3	literature	literature	NOUN
fbem-32326	17	4	review	review	NOUN
fbem-32326	17	5	with	with	ADP
fbem-32326	17	6	the	the	DET
fbem-32326	17	7	deepening	deepening	NOUN
fbem-32326	17	8	of	of	ADP
fbem-32326	17	9	the	the	DET
fbem-32326	17	10	industrial	industrial	ADJ
fbem-32326	17	11	internet	internet	NOUN
fbem-32326	17	12	transformation	transformation	NOUN
fbem-32326	17	13	,	,	PUNCT
fbem-32326	17	14	research	research	NOUN
fbem-32326	17	15	on	on	ADP
fbem-32326	17	16	the	the	DET
fbem-32326	17	17	relationship	relationship	NOUN
fbem-32326	17	18	between	between	ADP
fbem-32326	17	19	it	it	PRON
fbem-32326	17	20	and	and	CCONJ
fbem-32326	17	21	corporate	corporate	ADJ
fbem-32326	17	22	governance	governance	NOUN
fbem-32326	17	23	has	have	AUX
fbem-32326	17	24	become	become	VERB
fbem-32326	17	25	an	an	DET
fbem-32326	17	26	important	important	ADJ
fbem-32326	17	27	topic	topic	NOUN
fbem-32326	17	28	of	of	ADP
fbem-32326	17	29	concern	concern	NOUN
fbem-32326	17	30	across	across	ADP
fbem-32326	17	31	society	society	NOUN
fbem-32326	17	32	.	.	PUNCT
fbem-32326	18	1	existing	exist	VERB
fbem-32326	18	2	studies	study	NOUN
fbem-32326	18	3	mainly	mainly	ADV
fbem-32326	18	4	explore	explore	VERB
fbem-32326	18	5	the	the	DET
fbem-32326	18	6	relationship	relationship	NOUN
fbem-32326	18	7	from	from	ADP
fbem-32326	18	8	two	two	NUM
fbem-32326	18	9	perspectives	perspective	NOUN
fbem-32326	18	10	:	:	PUNCT
fbem-32326	18	11	technological	technological	ADJ
fbem-32326	18	12	empowerment	empowerment	NOUN
fbem-32326	18	13	and	and	CCONJ
fbem-32326	18	14	institutional	institutional	ADJ
fbem-32326	18	15	change	change	NOUN
fbem-32326	18	16	.	.	PUNCT
fbem-32326	19	1	from	from	ADP
fbem-32326	19	2	the	the	DET
fbem-32326	19	3	perspective	perspective	NOUN
fbem-32326	19	4	of	of	ADP
fbem-32326	19	5	technological	technological	ADJ
fbem-32326	19	6	empowerment	empowerment	NOUN
fbem-32326	19	7	,	,	PUNCT
fbem-32326	19	8	li	li	PROPN
fbem-32326	19	9	(	(	PUNCT
fbem-32326	19	10	2025	2025	NUM
fbem-32326	19	11	)	)	PUNCT
fbem-32326	19	12	,	,	PUNCT
fbem-32326	19	13	based	base	VERB
fbem-32326	19	14	on	on	ADP
fbem-32326	19	15	a	a	DET
fbem-32326	19	16	data	data	NOUN
fbem-32326	19	17	-	-	PUNCT
fbem-32326	19	18	driven	drive	VERB
fbem-32326	19	19	legal	legal	ADJ
fbem-32326	19	20	system	system	NOUN
fbem-32326	19	21	framework	framework	NOUN
fbem-32326	19	22	,	,	PUNCT
fbem-32326	19	23	confirmed	confirm	VERB
fbem-32326	19	24	that	that	SCONJ
fbem-32326	19	25	internet	internet	NOUN
fbem-32326	19	26	data	datum	NOUN
fbem-32326	19	27	analysis	analysis	NOUN
fbem-32326	19	28	and	and	CCONJ
fbem-32326	19	29	artificial	artificial	ADJ
fbem-32326	19	30	intelligence	intelligence	NOUN
fbem-32326	19	31	technologies	technology	NOUN
fbem-32326	19	32	can	can	AUX
fbem-32326	19	33	significantly	significantly	ADV
fbem-32326	19	34	optimize	optimize	VERB
fbem-32326	19	35	corporate	corporate	ADJ
fbem-32326	19	36	governance	governance	NOUN
fbem-32326	19	37	.	.	PUNCT
fbem-32326	20	1	this	this	DET
fbem-32326	20	2	conclusion	conclusion	NOUN
fbem-32326	20	3	aligns	align	VERB
fbem-32326	20	4	with	with	ADP
fbem-32326	20	5	chiu	chiu	PROPN
fbem-32326	20	6	and	and	CCONJ
fbem-32326	20	7	lim	lim	PROPN
fbem-32326	20	8	's	's	PART
fbem-32326	20	9	(	(	PUNCT
fbem-32326	20	10	2021	2021	NUM
fbem-32326	20	11	)	)	PUNCT
fbem-32326	20	12	"	"	PUNCT
fbem-32326	20	13	technology	technology	NOUN
fbem-32326	20	14	-	-	PUNCT
fbem-32326	20	15	governance	governance	NOUN
fbem-32326	20	16	"	"	PUNCT
fbem-32326	20	17	coupling	couple	VERB
fbem-32326	20	18	findings	finding	NOUN
fbem-32326	20	19	:	:	PUNCT
fbem-32326	20	20	they	they	PRON
fbem-32326	20	21	found	find	VERB
fbem-32326	20	22	that	that	SCONJ
fbem-32326	20	23	artificial	artificial	ADJ
fbem-32326	20	24	intelligence	intelligence	NOUN
fbem-32326	20	25	and	and	CCONJ
fbem-32326	20	26	distributed	distribute	VERB
fbem-32326	20	27	ledger	ledger	NOUN
fbem-32326	20	28	technologies	technology	NOUN
fbem-32326	20	29	can	can	AUX
fbem-32326	20	30	further	far	ADV
fbem-32326	20	31	reduce	reduce	VERB
fbem-32326	20	32	agency	agency	NOUN
fbem-32326	20	33	risks	risk	NOUN
fbem-32326	20	34	and	and	CCONJ
fbem-32326	20	35	promote	promote	VERB
fbem-32326	20	36	improvements	improvement	NOUN
fbem-32326	20	37	in	in	ADP
fbem-32326	20	38	corporate	corporate	ADJ
fbem-32326	20	39	governance	governance	NOUN
fbem-32326	20	40	.	.	PUNCT
fbem-32326	21	1	furthermore	furthermore	ADV
fbem-32326	21	2	,	,	PUNCT
fbem-32326	21	3	wang	wang	PROPN
fbem-32326	21	4	and	and	CCONJ
fbem-32326	21	5	wu	wu	PROPN
fbem-32326	21	6	(	(	PUNCT
fbem-32326	21	7	2025	2025	NUM
fbem-32326	21	8	)	)	PUNCT
fbem-32326	21	9	pointed	point	VERB
fbem-32326	21	10	out	out	ADP
fbem-32326	21	11	that	that	SCONJ
fbem-32326	21	12	integrating	integrate	VERB
fbem-32326	21	13	neural	neural	ADJ
fbem-32326	21	14	network	network	NOUN
fbem-32326	21	15	technology	technology	NOUN
fbem-32326	21	16	into	into	ADP
fbem-32326	21	17	corporate	corporate	ADJ
fbem-32326	21	18	governance	governance	NOUN
fbem-32326	21	19	structures	structure	NOUN
fbem-32326	21	20	can	can	AUX
fbem-32326	21	21	systematically	systematically	ADV
fbem-32326	21	22	enhance	enhance	VERB
fbem-32326	21	23	the	the	DET
fbem-32326	21	24	level	level	NOUN
fbem-32326	21	25	of	of	ADP
fbem-32326	21	26	digital	digital	ADJ
fbem-32326	21	27	governance	governance	NOUN
fbem-32326	21	28	within	within	ADP
fbem-32326	21	29	enterprises	enterprise	NOUN
fbem-32326	21	30	.	.	PUNCT
fbem-32326	22	1	from	from	ADP
fbem-32326	22	2	the	the	DET
fbem-32326	22	3	institutional	institutional	ADJ
fbem-32326	22	4	change	change	NOUN
fbem-32326	22	5	perspective	perspective	NOUN
fbem-32326	22	6	,	,	PUNCT
fbem-32326	22	7	research	research	NOUN
fbem-32326	22	8	focuses	focus	VERB
fbem-32326	22	9	on	on	ADP
fbem-32326	22	10	adaptive	adaptive	ADJ
fbem-32326	22	11	governance	governance	NOUN
fbem-32326	22	12	structure	structure	NOUN
fbem-32326	22	13	adjustments	adjustment	NOUN
fbem-32326	22	14	driven	drive	VERB
fbem-32326	22	15	by	by	ADP
fbem-32326	22	16	industrial	industrial	ADJ
fbem-32326	22	17	internet	internet	NOUN
fbem-32326	22	18	transformation	transformation	NOUN
fbem-32326	22	19	.	.	PUNCT
fbem-32326	23	1	varoglu	varoglu	PROPN
fbem-32326	23	2	et	et	PROPN
fbem-32326	23	3	al	al	PROPN
fbem-32326	23	4	.	.	PROPN
fbem-32326	24	1	(	(	PUNCT
fbem-32326	24	2	2021	2021	NUM
fbem-32326	24	3	)	)	PUNCT
fbem-32326	24	4	used	use	VERB
fbem-32326	24	5	institutional	institutional	ADJ
fbem-32326	24	6	theory	theory	NOUN
fbem-32326	24	7	to	to	PART
fbem-32326	24	8	explore	explore	VERB
fbem-32326	24	9	the	the	DET
fbem-32326	24	10	internet	internet	NOUN
fbem-32326	24	11	transformation	transformation	NOUN
fbem-32326	24	12	’s	’s	PART
fbem-32326	24	13	potential	potential	ADJ
fbem-32326	24	14	impacts	impact	NOUN
fbem-32326	24	15	on	on	ADP
fbem-32326	24	16	corporate	corporate	ADJ
fbem-32326	24	17	governance	governance	NOUN
fbem-32326	24	18	and	and	CCONJ
fbem-32326	24	19	associated	associated	ADJ
fbem-32326	24	20	change	change	NOUN
fbem-32326	24	21	mechanisms	mechanism	NOUN
fbem-32326	24	22	—	—	PUNCT
fbem-32326	24	23	this	this	DET
fbem-32326	24	24	view	view	NOUN
fbem-32326	24	25	has	have	VERB
fbem-32326	24	26	empirical	empirical	ADJ
fbem-32326	24	27	support	support	NOUN
fbem-32326	24	28	.	.	PUNCT
fbem-32326	25	1	yang	yang	PROPN
fbem-32326	25	2	et	et	PROPN
fbem-32326	25	3	al	al	PROPN
fbem-32326	25	4	.	.	PROPN
fbem-32326	26	1	(	(	PUNCT
fbem-32326	26	2	2024	2024	NUM
fbem-32326	26	3	)	)	PUNCT
fbem-32326	27	1	[	[	X
fbem-32326	27	2	5]found	5]found	NOUN
fbem-32326	27	3	that	that	SCONJ
fbem-32326	27	4	digital	digital	ADJ
fbem-32326	27	5	transformation	transformation	NOUN
fbem-32326	27	6	significantly	significantly	ADV
fbem-32326	27	7	boosts	boost	VERB
fbem-32326	27	8	corporate	corporate	ADJ
fbem-32326	27	9	esg	esg	NOUN
fbem-32326	27	10	performance	performance	NOUN
fbem-32326	27	11	using	use	VERB
fbem-32326	27	12	chinese	chinese	ADJ
fbem-32326	27	13	listed	list	VERB
fbem-32326	27	14	company	company	NOUN
fbem-32326	27	15	data	datum	NOUN
fbem-32326	27	16	;	;	PUNCT
fbem-32326	27	17	fang	fang	X
fbem-32326	27	18	et	et	PROPN
fbem-32326	27	19	al	al	PROPN
fbem-32326	27	20	.	.	PROPN
fbem-32326	28	1	(	(	PUNCT
fbem-32326	28	2	2024	2024	NUM
fbem-32326	28	3	)	)	PUNCT
fbem-32326	28	4	noted	note	VERB
fbem-32326	28	5	that	that	SCONJ
fbem-32326	28	6	internet	internet	NOUN
fbem-32326	28	7	transformation	transformation	NOUN
fbem-32326	28	8	improves	improve	VERB
fbem-32326	28	9	internal	internal	ADJ
fbem-32326	28	10	control	control	NOUN
fbem-32326	28	11	quality	quality	NOUN
fbem-32326	28	12	,	,	PUNCT
fbem-32326	28	13	thereby	thereby	ADV
fbem-32326	28	14	enhancing	enhance	VERB
fbem-32326	28	15	corporate	corporate	ADJ
fbem-32326	28	16	accounting	accounting	NOUN
fbem-32326	28	17	information	information	NOUN
fbem-32326	28	18	quality	quality	NOUN
fbem-32326	28	19	.	.	PUNCT
fbem-32326	29	1	however	however	ADV
fbem-32326	29	2	,	,	PUNCT
fbem-32326	29	3	research	research	NOUN
fbem-32326	29	4	in	in	ADP
fbem-32326	29	5	this	this	DET
fbem-32326	29	6	field	field	NOUN
fbem-32326	29	7	still	still	ADV
fbem-32326	29	8	has	have	VERB
fbem-32326	29	9	limitations	limitation	NOUN
fbem-32326	29	10	.	.	PUNCT
fbem-32326	30	1	first	first	ADV
fbem-32326	30	2	,	,	PUNCT
fbem-32326	30	3	although	although	SCONJ
fbem-32326	30	4	goranova	goranova	PROPN
fbem-32326	30	5	et	et	PROPN
fbem-32326	30	6	al	al	PROPN
fbem-32326	30	7	.	.	PROPN
fbem-32326	31	1	(	(	PUNCT
fbem-32326	31	2	2024	2024	NUM
fbem-32326	31	3	)	)	PUNCT
fbem-32326	31	4	and	and	CCONJ
fbem-32326	31	5	randive	randive	NOUN
fbem-32326	31	6	(	(	PUNCT
fbem-32326	31	7	2024	2024	NUM
fbem-32326	31	8	)	)	PUNCT
fbem-32326	31	9	keenly	keenly	ADV
fbem-32326	31	10	recognized	recognize	VERB
fbem-32326	31	11	the	the	DET
fbem-32326	31	12	governance	governance	NOUN
fbem-32326	31	13	challenges	challenge	NOUN
fbem-32326	31	14	brought	bring	VERB
fbem-32326	31	15	by	by	ADP
fbem-32326	31	16	internet	internet	NOUN
fbem-32326	31	17	transformation	transformation	NOUN
fbem-32326	31	18	,	,	PUNCT
fbem-32326	31	19	their	their	PRON
fbem-32326	31	20	work	work	NOUN
fbem-32326	31	21	remains	remain	VERB
fbem-32326	31	22	at	at	ADP
fbem-32326	31	23	the	the	DET
fbem-32326	31	24	level	level	NOUN
fbem-32326	31	25	of	of	ADP
fbem-32326	31	26	theoretical	theoretical	ADJ
fbem-32326	31	27	inference	inference	NOUN
fbem-32326	31	28	,	,	PUNCT
fbem-32326	31	29	lacking	lack	VERB
fbem-32326	31	30	empirical	empirical	ADJ
fbem-32326	31	31	examination	examination	NOUN
fbem-32326	31	32	in	in	ADP
fbem-32326	31	33	the	the	DET
fbem-32326	31	34	specific	specific	ADJ
fbem-32326	31	35	context	context	NOUN
fbem-32326	31	36	of	of	ADP
fbem-32326	31	37	the	the	DET
fbem-32326	31	38	industrial	industrial	ADJ
fbem-32326	31	39	internet	internet	NOUN
fbem-32326	31	40	.	.	PUNCT
fbem-32326	32	1	second	second	ADJ
fbem-32326	32	2	,	,	PUNCT
fbem-32326	32	3	existing	exist	VERB
fbem-32326	32	4	literature	literature	NOUN
fbem-32326	32	5	often	often	ADV
fbem-32326	32	6	focuses	focus	VERB
fbem-32326	32	7	on	on	ADP
fbem-32326	32	8	single	single	ADJ
fbem-32326	32	9	aspects	aspect	NOUN
fbem-32326	32	10	of	of	ADP
fbem-32326	32	11	corporate	corporate	ADJ
fbem-32326	32	12	governance	governance	NOUN
fbem-32326	32	13	,	,	PUNCT
fbem-32326	32	14	such	such	ADJ
fbem-32326	32	15	as	as	ADP
fbem-32326	32	16	esg	esg	PROPN
fbem-32326	32	17	or	or	CCONJ
fbem-32326	32	18	internal	internal	ADJ
fbem-32326	32	19	controls	control	NOUN
fbem-32326	32	20	,	,	PUNCT
fbem-32326	32	21	lacking	lack	VERB
fbem-32326	32	22	comprehensive	comprehensive	ADJ
fbem-32326	32	23	studies	study	NOUN
fbem-32326	32	24	on	on	ADP
fbem-32326	32	25	overall	overall	ADJ
fbem-32326	32	26	corporate	corporate	ADJ
fbem-32326	32	27	governance	governance	NOUN
fbem-32326	32	28	.	.	PUNCT
fbem-32326	33	1	therefore	therefore	ADV
fbem-32326	33	2	,	,	PUNCT
fbem-32326	33	3	based	base	VERB
fbem-32326	33	4	on	on	ADP
fbem-32326	33	5	existing	exist	VERB
fbem-32326	33	6	research	research	NOUN
fbem-32326	33	7	,	,	PUNCT
fbem-32326	33	8	this	this	DET
fbem-32326	33	9	paper	paper	NOUN
fbem-32326	33	10	focuses	focus	VERB
fbem-32326	33	11	on	on	ADP
fbem-32326	33	12	the	the	DET
fbem-32326	33	13	industrial	industrial	ADJ
fbem-32326	33	14	internet	internet	NOUN
fbem-32326	33	15	46	46	NUM
fbem-32326	33	16	transformation	transformation	NOUN
fbem-32326	33	17	and	and	CCONJ
fbem-32326	33	18	empirically	empirically	ADV
fbem-32326	33	19	tests	test	VERB
fbem-32326	33	20	the	the	DET
fbem-32326	33	21	impact	impact	NOUN
fbem-32326	33	22	of	of	ADP
fbem-32326	33	23	industrial	industrial	ADJ
fbem-32326	33	24	internet	internet	NOUN
fbem-32326	33	25	transformation	transformation	NOUN
fbem-32326	33	26	on	on	ADP
fbem-32326	33	27	the	the	DET
fbem-32326	33	28	level	level	NOUN
fbem-32326	33	29	of	of	ADP
fbem-32326	33	30	corporate	corporate	ADJ
fbem-32326	33	31	governance	governance	NOUN
fbem-32326	33	32	.	.	PUNCT
fbem-32326	34	1	3	3	X
fbem-32326	34	2	.	.	X
fbem-32326	34	3	research	research	NOUN
fbem-32326	34	4	design	design	PROPN
fbem-32326	34	5	3.1	3.1	NUM
fbem-32326	34	6	.	.	PUNCT
fbem-32326	34	7	sample	sample	NOUN
fbem-32326	34	8	selection	selection	NOUN
fbem-32326	34	9	and	and	CCONJ
fbem-32326	34	10	data	datum	NOUN
fbem-32326	34	11	sources	source	NOUN
fbem-32326	34	12	we	we	PRON
fbem-32326	34	13	selected	select	VERB
fbem-32326	34	14	chinese	chinese	ADJ
fbem-32326	34	15	a	a	DET
fbem-32326	34	16	-	-	PUNCT
fbem-32326	34	17	share	share	NOUN
fbem-32326	34	18	listed	list	VERB
fbem-32326	34	19	manufacturing	manufacturing	NOUN
fbem-32326	34	20	companies	company	NOUN
fbem-32326	34	21	from	from	ADP
fbem-32326	34	22	2015	2015	NUM
fbem-32326	34	23	to	to	ADP
fbem-32326	34	24	2024	2024	NUM
fbem-32326	34	25	as	as	ADP
fbem-32326	34	26	the	the	DET
fbem-32326	34	27	research	research	NOUN
fbem-32326	34	28	sample	sample	NOUN
fbem-32326	34	29	for	for	ADP
fbem-32326	34	30	empirical	empirical	ADJ
fbem-32326	34	31	testing	testing	NOUN
fbem-32326	34	32	.	.	PUNCT
fbem-32326	35	1	the	the	DET
fbem-32326	35	2	initial	initial	ADJ
fbem-32326	35	3	sample	sample	NOUN
fbem-32326	35	4	was	be	AUX
fbem-32326	35	5	screened	screen	VERB
fbem-32326	35	6	as	as	SCONJ
fbem-32326	35	7	follows	follow	VERB
fbem-32326	35	8	:	:	PUNCT
fbem-32326	35	9	(	(	PUNCT
fbem-32326	35	10	1	1	X
fbem-32326	35	11	)	)	PUNCT
fbem-32326	35	12	industries	industry	NOUN
fbem-32326	35	13	related	relate	VERB
fbem-32326	35	14	to	to	ADP
fbem-32326	35	15	computers	computer	NOUN
fbem-32326	35	16	are	be	AUX
fbem-32326	35	17	often	often	ADV
fbem-32326	35	18	at	at	ADP
fbem-32326	35	19	the	the	DET
fbem-32326	35	20	core	core	NOUN
fbem-32326	35	21	of	of	ADP
fbem-32326	35	22	the	the	DET
fbem-32326	35	23	internet	internet	NOUN
fbem-32326	35	24	ecosystem	ecosystem	NOUN
fbem-32326	35	25	and	and	CCONJ
fbem-32326	35	26	inherently	inherently	ADV
fbem-32326	35	27	digital	digital	ADJ
fbem-32326	35	28	,	,	PUNCT
fbem-32326	35	29	making	make	VERB
fbem-32326	35	30	their	their	PRON
fbem-32326	35	31	transformation	transformation	NOUN
fbem-32326	35	32	paths	path	NOUN
fbem-32326	35	33	and	and	CCONJ
fbem-32326	35	34	governance	governance	NOUN
fbem-32326	35	35	models	model	NOUN
fbem-32326	35	36	not	not	PART
fbem-32326	35	37	representative	representative	VERB
fbem-32326	35	38	of	of	ADP
fbem-32326	35	39	the	the	DET
fbem-32326	35	40	dynamic	dynamic	ADJ
fbem-32326	35	41	adjustments	adjustment	NOUN
fbem-32326	35	42	of	of	ADP
fbem-32326	35	43	traditional	traditional	ADJ
fbem-32326	35	44	manufacturing	manufacturing	NOUN
fbem-32326	35	45	under	under	ADP
fbem-32326	35	46	the	the	DET
fbem-32326	35	47	impact	impact	NOUN
fbem-32326	35	48	of	of	ADP
fbem-32326	35	49	the	the	DET
fbem-32326	35	50	industrial	industrial	ADJ
fbem-32326	35	51	internet	internet	NOUN
fbem-32326	35	52	.	.	PUNCT
fbem-32326	36	1	therefore	therefore	ADV
fbem-32326	36	2	,	,	PUNCT
fbem-32326	36	3	they	they	PRON
fbem-32326	36	4	are	be	AUX
fbem-32326	36	5	excluded	exclude	VERB
fbem-32326	36	6	from	from	ADP
fbem-32326	36	7	this	this	DET
fbem-32326	36	8	study	study	NOUN
fbem-32326	36	9	;	;	PUNCT
fbem-32326	36	10	(	(	PUNCT
fbem-32326	36	11	2	2	X
fbem-32326	36	12	)	)	PUNCT
fbem-32326	36	13	manufacturing	manufacturing	NOUN
fbem-32326	36	14	companies	company	NOUN
fbem-32326	36	15	with	with	ADP
fbem-32326	36	16	incomplete	incomplete	ADJ
fbem-32326	36	17	data	datum	NOUN
fbem-32326	36	18	are	be	AUX
fbem-32326	36	19	excluded	exclude	VERB
fbem-32326	36	20	;	;	PUNCT
fbem-32326	36	21	(	(	PUNCT
fbem-32326	36	22	3	3	X
fbem-32326	36	23	)	)	PUNCT
fbem-32326	36	24	st	st	NOUN
fbem-32326	36	25	and	and	CCONJ
fbem-32326	36	26	*	*	PROPN
fbem-32326	36	27	st	st	PROPN
fbem-32326	36	28	manufacturing	manufacture	VERB
fbem-32326	36	29	companies	company	NOUN
fbem-32326	36	30	are	be	AUX
fbem-32326	36	31	excluded	exclude	VERB
fbem-32326	36	32	.	.	PUNCT
fbem-32326	37	1	additionally	additionally	ADV
fbem-32326	37	2	,	,	PUNCT
fbem-32326	37	3	to	to	PART
fbem-32326	37	4	reduce	reduce	VERB
fbem-32326	37	5	the	the	DET
fbem-32326	37	6	influence	influence	NOUN
fbem-32326	37	7	of	of	ADP
fbem-32326	37	8	extreme	extreme	ADJ
fbem-32326	37	9	values	value	NOUN
fbem-32326	37	10	,	,	PUNCT
fbem-32326	37	11	all	all	DET
fbem-32326	37	12	continuous	continuous	ADJ
fbem-32326	37	13	variables	variable	NOUN
fbem-32326	37	14	were	be	AUX
fbem-32326	37	15	winsorized	winsorize	VERB
fbem-32326	37	16	at	at	ADP
fbem-32326	37	17	the	the	DET
fbem-32326	37	18	1	1	NUM
fbem-32326	37	19	%	%	NOUN
fbem-32326	37	20	level	level	NOUN
fbem-32326	37	21	on	on	ADP
fbem-32326	37	22	both	both	DET
fbem-32326	37	23	ends	end	NOUN
fbem-32326	37	24	.	.	PUNCT
fbem-32326	38	1	the	the	DET
fbem-32326	38	2	final	final	ADJ
fbem-32326	38	3	sample	sample	NOUN
fbem-32326	38	4	size	size	NOUN
fbem-32326	38	5	was	be	AUX
fbem-32326	38	6	14,853	14,853	NUM
fbem-32326	38	7	.	.	PUNCT
fbem-32326	39	1	industrial	industrial	ADJ
fbem-32326	39	2	internet	internet	NOUN
fbem-32326	39	3	transformation	transformation	NOUN
fbem-32326	39	4	data	datum	NOUN
fbem-32326	39	5	were	be	AUX
fbem-32326	39	6	obtained	obtain	VERB
fbem-32326	39	7	from	from	ADP
fbem-32326	39	8	annual	annual	ADJ
fbem-32326	39	9	reports	report	NOUN
fbem-32326	39	10	,	,	PUNCT
fbem-32326	39	11	and	and	CCONJ
fbem-32326	39	12	other	other	ADJ
fbem-32326	39	13	main	main	ADJ
fbem-32326	39	14	variables	variable	NOUN
fbem-32326	39	15	from	from	ADP
fbem-32326	39	16	the	the	DET
fbem-32326	39	17	csmar	csmar	PROPN
fbem-32326	39	18	database	database	NOUN
fbem-32326	39	19	.	.	PUNCT
fbem-32326	40	1	3.2	3.2	NUM
fbem-32326	40	2	.	.	PUNCT
fbem-32326	40	3	definition	definition	NOUN
fbem-32326	40	4	of	of	ADP
fbem-32326	40	5	main	main	ADJ
fbem-32326	40	6	variables	variable	NOUN
fbem-32326	40	7	3.2.1	3.2.1	NUM
fbem-32326	40	8	.	.	PUNCT
fbem-32326	41	1	dependent	dependent	ADJ
fbem-32326	41	2	variable	variable	ADJ
fbem-32326	41	3	corporate	corporate	ADJ
fbem-32326	41	4	governance	governance	NOUN
fbem-32326	41	5	(	(	PUNCT
fbem-32326	41	6	corpgov	corpgov	NOUN
fbem-32326	41	7	):	):	PUNCT
fbem-32326	41	8	as	as	ADP
fbem-32326	41	9	per	per	ADP
fbem-32326	41	10	chen	chen	PROPN
fbem-32326	41	11	et	et	PROPN
fbem-32326	41	12	al	al	PROPN
fbem-32326	41	13	.	.	PROPN
fbem-32326	41	14	(	(	PUNCT
fbem-32326	41	15	2022	2022	NUM
fbem-32326	41	16	)	)	PUNCT
fbem-32326	41	17	,	,	PUNCT
fbem-32326	41	18	corporate	corporate	ADJ
fbem-32326	41	19	governance	governance	NOUN
fbem-32326	41	20	is	be	AUX
fbem-32326	41	21	measured	measure	VERB
fbem-32326	41	22	using	use	VERB
fbem-32326	41	23	four	four	NUM
fbem-32326	41	24	indicators	indicator	NOUN
fbem-32326	41	25	,	,	PUNCT
fbem-32326	41	26	including	include	VERB
fbem-32326	41	27	whether	whether	SCONJ
fbem-32326	41	28	the	the	DET
fbem-32326	41	29	company	company	NOUN
fbem-32326	41	30	uses	use	VERB
fbem-32326	41	31	one	one	NUM
fbem-32326	41	32	of	of	ADP
fbem-32326	41	33	the	the	DET
fbem-32326	41	34	big	big	ADJ
fbem-32326	41	35	four	four	NUM
fbem-32326	41	36	auditors	auditor	NOUN
fbem-32326	41	37	and	and	CCONJ
fbem-32326	41	38	the	the	DET
fbem-32326	41	39	proportion	proportion	NOUN
fbem-32326	41	40	of	of	ADP
fbem-32326	41	41	independent	independent	ADJ
fbem-32326	41	42	directors	director	NOUN
fbem-32326	41	43	on	on	ADP
fbem-32326	41	44	the	the	DET
fbem-32326	41	45	audit	audit	NOUN
fbem-32326	41	46	committee	committee	NOUN
fbem-32326	41	47	.	.	PUNCT
fbem-32326	42	1	the	the	DET
fbem-32326	42	2	rationale	rationale	NOUN
fbem-32326	42	3	is	be	AUX
fbem-32326	42	4	that	that	DET
fbem-32326	42	5	corporate	corporate	ADJ
fbem-32326	42	6	governance	governance	NOUN
fbem-32326	42	7	,	,	PUNCT
fbem-32326	42	8	as	as	ADP
fbem-32326	42	9	the	the	DET
fbem-32326	42	10	core	core	NOUN
fbem-32326	42	11	mechanism	mechanism	NOUN
fbem-32326	42	12	for	for	ADP
fbem-32326	42	13	supervising	supervise	VERB
fbem-32326	42	14	and	and	CCONJ
fbem-32326	42	15	coordinating	coordinate	VERB
fbem-32326	42	16	different	different	ADJ
fbem-32326	42	17	interests	interest	NOUN
fbem-32326	42	18	within	within	ADP
fbem-32326	42	19	a	a	DET
fbem-32326	42	20	firm	firm	NOUN
fbem-32326	42	21	,	,	PUNCT
fbem-32326	42	22	can	can	AUX
fbem-32326	42	23	not	not	PART
fbem-32326	42	24	usually	usually	ADV
fbem-32326	42	25	be	be	AUX
fbem-32326	42	26	measured	measure	VERB
fbem-32326	42	27	by	by	ADP
fbem-32326	42	28	a	a	DET
fbem-32326	42	29	single	single	ADJ
fbem-32326	42	30	indicator	indicator	NOUN
fbem-32326	42	31	.	.	PUNCT
fbem-32326	43	1	therefore	therefore	ADV
fbem-32326	43	2	,	,	PUNCT
fbem-32326	43	3	following	follow	VERB
fbem-32326	43	4	chen	chen	PROPN
fbem-32326	43	5	et	et	PROPN
fbem-32326	43	6	al	al	PROPN
fbem-32326	43	7	.	.	PROPN
fbem-32326	43	8	(	(	PUNCT
fbem-32326	43	9	2022	2022	NUM
fbem-32326	43	10	)	)	PUNCT
fbem-32326	43	11	,	,	PUNCT
fbem-32326	43	12	this	this	DET
fbem-32326	43	13	study	study	NOUN
fbem-32326	43	14	constructs	construct	VERB
fbem-32326	43	15	a	a	DET
fbem-32326	43	16	composite	composite	ADJ
fbem-32326	43	17	index	index	NOUN
fbem-32326	43	18	of	of	ADP
fbem-32326	43	19	corporate	corporate	ADJ
fbem-32326	43	20	governance	governance	NOUN
fbem-32326	43	21	using	use	VERB
fbem-32326	43	22	principal	principal	ADJ
fbem-32326	43	23	component	component	NOUN
fbem-32326	43	24	analysis	analysis	NOUN
fbem-32326	43	25	,	,	PUNCT
fbem-32326	43	26	incorporating	incorporate	VERB
fbem-32326	43	27	aspects	aspect	NOUN
fbem-32326	43	28	such	such	ADJ
fbem-32326	43	29	as	as	ADP
fbem-32326	43	30	incentive	incentive	NOUN
fbem-32326	43	31	mechanisms	mechanism	NOUN
fbem-32326	43	32	and	and	CCONJ
fbem-32326	43	33	equity	equity	NOUN
fbem-32326	43	34	structure	structure	NOUN
fbem-32326	43	35	.	.	PUNCT
fbem-32326	44	1	3.2.2	3.2.2	X
fbem-32326	44	2	.	.	PUNCT
fbem-32326	44	3	independent	independent	ADJ
fbem-32326	44	4	variable	variable	ADJ
fbem-32326	44	5	industrial	industrial	ADJ
fbem-32326	44	6	internet	internet	NOUN
fbem-32326	44	7	transformation	transformation	NOUN
fbem-32326	44	8	(	(	PUNCT
fbem-32326	44	9	iit	iit	PROPN
fbem-32326	44	10	):	):	PUNCT
fbem-32326	44	11	following	follow	VERB
fbem-32326	44	12	wu	wu	PROPN
fbem-32326	44	13	et	et	PROPN
fbem-32326	44	14	al	al	PROPN
fbem-32326	44	15	.	.	PROPN
fbem-32326	44	16	(	(	PUNCT
fbem-32326	44	17	2022	2022	NUM
fbem-32326	44	18	)	)	PUNCT
fbem-32326	44	19	,	,	PUNCT
fbem-32326	44	20	this	this	DET
fbem-32326	44	21	study	study	NOUN
fbem-32326	44	22	calculates	calculate	VERB
fbem-32326	44	23	the	the	DET
fbem-32326	44	24	frequency	frequency	NOUN
fbem-32326	44	25	of	of	ADP
fbem-32326	44	26	keywords	keyword	NOUN
fbem-32326	44	27	related	relate	VERB
fbem-32326	44	28	to	to	ADP
fbem-32326	44	29	internet	internet	NOUN
fbem-32326	44	30	transformation	transformation	NOUN
fbem-32326	44	31	in	in	ADP
fbem-32326	44	32	listed	list	VERB
fbem-32326	44	33	companies	company	NOUN
fbem-32326	44	34	'	'	PART
fbem-32326	44	35	annual	annual	ADJ
fbem-32326	44	36	reports	report	NOUN
fbem-32326	44	37	.	.	PUNCT
fbem-32326	45	1	to	to	PART
fbem-32326	45	2	address	address	VERB
fbem-32326	45	3	potential	potential	ADJ
fbem-32326	45	4	right	right	ADJ
fbem-32326	45	5	-	-	PUNCT
fbem-32326	45	6	skewed	skewed	ADJ
fbem-32326	45	7	data	datum	NOUN
fbem-32326	45	8	,	,	PUNCT
fbem-32326	45	9	the	the	DET
fbem-32326	45	10	natural	natural	ADJ
fbem-32326	45	11	logarithm	logarithm	NOUN
fbem-32326	45	12	of	of	ADP
fbem-32326	45	13	the	the	DET
fbem-32326	45	14	frequency	frequency	NOUN
fbem-32326	45	15	of	of	ADP
fbem-32326	45	16	these	these	DET
fbem-32326	45	17	keywords	keyword	NOUN
fbem-32326	45	18	plus	plus	CCONJ
fbem-32326	45	19	one	one	NUM
fbem-32326	45	20	is	be	AUX
fbem-32326	45	21	used	use	VERB
fbem-32326	45	22	as	as	ADP
fbem-32326	45	23	the	the	DET
fbem-32326	45	24	measurement	measurement	NOUN
fbem-32326	45	25	for	for	ADP
fbem-32326	45	26	industrial	industrial	ADJ
fbem-32326	45	27	internet	internet	NOUN
fbem-32326	45	28	transformation	transformation	NOUN
fbem-32326	45	29	.	.	PUNCT
fbem-32326	46	1	3.3	3.3	NUM
fbem-32326	46	2	.	.	PUNCT
fbem-32326	47	1	control	control	NOUN
fbem-32326	47	2	variables	variable	NOUN
fbem-32326	47	3	following	follow	VERB
fbem-32326	47	4	the	the	DET
fbem-32326	47	5	variable	variable	ADJ
fbem-32326	47	6	setup	setup	NOUN
fbem-32326	47	7	in	in	ADP
fbem-32326	47	8	li	li	PROPN
fbem-32326	47	9	et	et	PROPN
fbem-32326	47	10	al	al	PROPN
fbem-32326	47	11	.	.	PROPN
fbem-32326	48	1	(	(	PUNCT
fbem-32326	48	2	2025	2025	NUM
fbem-32326	48	3	)	)	PUNCT
fbem-32326	48	4	,	,	PUNCT
fbem-32326	48	5	the	the	DET
fbem-32326	48	6	control	control	NOUN
fbem-32326	48	7	variables	variable	NOUN
fbem-32326	48	8	selected	select	VERB
fbem-32326	48	9	in	in	ADP
fbem-32326	48	10	this	this	DET
fbem-32326	48	11	study	study	NOUN
fbem-32326	48	12	are	be	AUX
fbem-32326	48	13	firm	firm	ADJ
fbem-32326	48	14	size	size	NOUN
fbem-32326	48	15	(	(	PUNCT
fbem-32326	48	16	size	size	NOUN
fbem-32326	48	17	)	)	PUNCT
fbem-32326	48	18	,	,	PUNCT
fbem-32326	48	19	leverage	leverage	NOUN
fbem-32326	48	20	(	(	PUNCT
fbem-32326	48	21	lev	lev	NOUN
fbem-32326	48	22	)	)	PUNCT
fbem-32326	48	23	,	,	PUNCT
fbem-32326	48	24	profitability	profitability	NOUN
fbem-32326	48	25	(	(	PUNCT
fbem-32326	48	26	roa	roa	NOUN
fbem-32326	48	27	)	)	PUNCT
fbem-32326	48	28	,	,	PUNCT
fbem-32326	48	29	operating	operate	VERB
fbem-32326	48	30	cash	cash	NOUN
fbem-32326	48	31	flow	flow	NOUN
fbem-32326	48	32	(	(	PUNCT
fbem-32326	48	33	cashflow	cashflow	NOUN
fbem-32326	48	34	)	)	PUNCT
fbem-32326	48	35	,	,	PUNCT
fbem-32326	48	36	growth	growth	NOUN
fbem-32326	48	37	(	(	PUNCT
fbem-32326	48	38	growth	growth	NOUN
fbem-32326	48	39	)	)	PUNCT
fbem-32326	48	40	,	,	PUNCT
fbem-32326	48	41	and	and	CCONJ
fbem-32326	48	42	board	board	NOUN
fbem-32326	48	43	size	size	NOUN
fbem-32326	48	44	(	(	PUNCT
fbem-32326	48	45	board	board	NOUN
fbem-32326	48	46	)	)	PUNCT
fbem-32326	48	47	.	.	PUNCT
fbem-32326	49	1	the	the	DET
fbem-32326	49	2	definitions	definition	NOUN
fbem-32326	49	3	and	and	CCONJ
fbem-32326	49	4	measurement	measurement	NOUN
fbem-32326	49	5	methods	method	NOUN
fbem-32326	49	6	of	of	ADP
fbem-32326	49	7	the	the	DET
fbem-32326	49	8	main	main	ADJ
fbem-32326	49	9	variables	variable	NOUN
fbem-32326	49	10	are	be	AUX
fbem-32326	49	11	shown	show	VERB
fbem-32326	49	12	in	in	ADP
fbem-32326	49	13	table	table	NOUN
fbem-32326	49	14	1	1	NUM
fbem-32326	49	15	.	.	PUNCT
fbem-32326	49	16	table	table	NOUN
fbem-32326	49	17	1	1	NUM
fbem-32326	49	18	.	.	PUNCT
fbem-32326	49	19	variable	variable	ADJ
fbem-32326	49	20	definition	definition	NOUN
fbem-32326	49	21	variable	variable	ADJ
fbem-32326	49	22	type	type	NOUN
fbem-32326	49	23	variable	variable	ADJ
fbem-32326	49	24	name	name	NOUN
fbem-32326	49	25	variable	variable	ADJ
fbem-32326	49	26	symbol	symbol	NOUN
fbem-32326	49	27	variable	variable	ADJ
fbem-32326	49	28	definition	definition	NOUN
fbem-32326	49	29	dependent	dependent	ADJ
fbem-32326	49	30	variable	variable	ADJ
fbem-32326	49	31	corporategovernance	corporategovernance	NOUN
fbem-32326	49	32	corpgov	corpgov	NOUN
fbem-32326	49	33	refer	refer	VERB
fbem-32326	49	34	to	to	ADP
fbem-32326	49	35	the	the	DET
fbem-32326	49	36	description	description	NOUN
fbem-32326	49	37	above	above	ADP
fbem-32326	49	38	independent	independent	ADJ
fbem-32326	49	39	variable	variable	ADJ
fbem-32326	49	40	industrial	industrial	ADJ
fbem-32326	49	41	internet	internet	NOUN
fbem-32326	49	42	transformation	transformation	NOUN
fbem-32326	49	43	iit	iit	PROPN
fbem-32326	49	44	the	the	DET
fbem-32326	49	45	natural	natural	ADJ
fbem-32326	49	46	logarithm	logarithm	NOUN
fbem-32326	49	47	of	of	ADP
fbem-32326	49	48	(	(	PUNCT
fbem-32326	49	49	the	the	DET
fbem-32326	49	50	frequency	frequency	NOUN
fbem-32326	49	51	of	of	ADP
fbem-32326	49	52	internet	internet	NOUN
fbem-32326	49	53	transformation	transformation	NOUN
fbem-32326	49	54	keywords	keyword	NOUN
fbem-32326	49	55	+	+	CCONJ
fbem-32326	49	56	1	1	NUM
fbem-32326	49	57	)	)	PUNCT
fbem-32326	49	58	.	.	PUNCT
fbem-32326	50	1	size	size	NOUN
fbem-32326	50	2	size	size	NOUN
fbem-32326	50	3	the	the	DET
fbem-32326	50	4	natural	natural	ADJ
fbem-32326	50	5	logarithm	logarithm	NOUN
fbem-32326	50	6	of	of	ADP
fbem-32326	50	7	a	a	DET
fbem-32326	50	8	firm	firm	NOUN
fbem-32326	50	9	's	's	PART
fbem-32326	50	10	total	total	ADJ
fbem-32326	50	11	assets	asset	NOUN
fbem-32326	50	12	at	at	ADP
fbem-32326	50	13	the	the	DET
fbem-32326	50	14	end	end	NOUN
fbem-32326	50	15	of	of	ADP
fbem-32326	50	16	the	the	DET
fbem-32326	50	17	year	year	NOUN
fbem-32326	50	18	.	.	PUNCT
fbem-32326	51	1	leverage	leverage	NOUN
fbem-32326	51	2	lev	lev	NOUN
fbem-32326	51	3	total	total	ADJ
fbem-32326	51	4	liabilities	liability	NOUN
fbem-32326	51	5	/	/	SYM
fbem-32326	51	6	total	total	ADJ
fbem-32326	51	7	assets	asset	NOUN
fbem-32326	51	8	control	control	NOUN
fbem-32326	51	9	variables	variable	VERB
fbem-32326	51	10	profitability	profitability	NOUN
fbem-32326	51	11	roa	roa	PROPN
fbem-32326	51	12	net	net	ADJ
fbem-32326	51	13	profit	profit	NOUN
fbem-32326	51	14	/	/	SYM
fbem-32326	51	15	total	total	ADJ
fbem-32326	51	16	assets	asset	NOUN
fbem-32326	51	17	operating	operate	VERB
fbem-32326	51	18	cash	cash	NOUN
fbem-32326	51	19	flow	flow	NOUN
fbem-32326	51	20	cashflow	cashflow	ADJ
fbem-32326	51	21	net	net	ADJ
fbem-32326	51	22	cash	cash	NOUN
fbem-32326	51	23	flow	flow	NOUN
fbem-32326	51	24	from	from	ADP
fbem-32326	51	25	current	current	ADJ
fbem-32326	51	26	operating	operating	NOUN
fbem-32326	51	27	activities	activity	NOUN
fbem-32326	51	28	/	/	SYM
fbem-32326	51	29	total	total	ADJ
fbem-32326	51	30	assets	asset	NOUN
fbem-32326	51	31	at	at	ADP
fbem-32326	51	32	the	the	DET
fbem-32326	51	33	end	end	NOUN
fbem-32326	51	34	of	of	ADP
fbem-32326	51	35	the	the	DET
fbem-32326	51	36	period	period	NOUN
fbem-32326	51	37	growth	growth	NOUN
fbem-32326	51	38	growth	growth	NOUN
fbem-32326	51	39	(	(	PUNCT
fbem-32326	51	40	current	current	ADJ
fbem-32326	51	41	year	year	NOUN
fbem-32326	51	42	's	's	PART
fbem-32326	51	43	operating	operate	VERB
fbem-32326	51	44	income	income	NOUN
fbem-32326	51	45	/	/	SYM
fbem-32326	51	46	previous	previous	ADJ
fbem-32326	51	47	year	year	NOUN
fbem-32326	51	48	's	's	PART
fbem-32326	51	49	operating	operate	VERB
fbem-32326	51	50	income	income	NOUN
fbem-32326	51	51	)	)	PUNCT
fbem-32326	51	52	1	1	NUM
fbem-32326	51	53	board	board	NOUN
fbem-32326	51	54	size	size	NOUN
fbem-32326	51	55	board	board	NOUN
fbem-32326	51	56	the	the	DET
fbem-32326	51	57	natural	natural	ADJ
fbem-32326	51	58	logarithm	logarithm	NOUN
fbem-32326	51	59	of	of	ADP
fbem-32326	51	60	the	the	DET
fbem-32326	51	61	total	total	ADJ
fbem-32326	51	62	number	number	NOUN
fbem-32326	51	63	of	of	ADP
fbem-32326	51	64	directors	director	NOUN
fbem-32326	51	65	on	on	ADP
fbem-32326	51	66	the	the	DET
fbem-32326	51	67	board	board	NOUN
fbem-32326	51	68	3.4	3.4	NUM
fbem-32326	51	69	.	.	PUNCT
fbem-32326	52	1	model	model	NOUN
fbem-32326	52	2	setting	set	VERB
fbem-32326	52	3	to	to	PART
fbem-32326	52	4	examine	examine	VERB
fbem-32326	52	5	the	the	DET
fbem-32326	52	6	impact	impact	NOUN
fbem-32326	52	7	and	and	CCONJ
fbem-32326	52	8	mechanism	mechanism	NOUN
fbem-32326	52	9	of	of	ADP
fbem-32326	52	10	industrial	industrial	ADJ
fbem-32326	52	11	internet	internet	NOUN
fbem-32326	52	12	transformation	transformation	NOUN
fbem-32326	52	13	on	on	ADP
fbem-32326	52	14	corporate	corporate	ADJ
fbem-32326	52	15	governance	governance	NOUN
fbem-32326	52	16	,	,	PUNCT
fbem-32326	52	17	following	follow	VERB
fbem-32326	52	18	academic	academic	ADJ
fbem-32326	52	19	conventions	convention	NOUN
fbem-32326	52	20	,	,	PUNCT
fbem-32326	52	21	a	a	DET
fbem-32326	52	22	multiple	multiple	ADJ
fbem-32326	52	23	linear	linear	ADJ
fbem-32326	52	24	regression	regression	NOUN
fbem-32326	52	25	model	model	NOUN
fbem-32326	52	26	is	be	AUX
fbem-32326	52	27	used	use	VERB
fbem-32326	52	28	,	,	PUNCT
fbem-32326	52	29	controlling	control	VERB
fbem-32326	52	30	for	for	ADP
fbem-32326	52	31	year	year	NOUN
fbem-32326	52	32	fixed	fix	VERB
fbem-32326	52	33	effects	effect	NOUN
fbem-32326	52	34	,	,	PUNCT
fbem-32326	52	35	with	with	ADP
fbem-32326	52	36	clustering	clustering	ADJ
fbem-32326	52	37	adjustments	adjustment	NOUN
fbem-32326	52	38	applied	apply	VERB
fbem-32326	52	39	at	at	ADP
fbem-32326	52	40	the	the	DET
fbem-32326	52	41	level	level	NOUN
fbem-32326	52	42	of	of	ADP
fbem-32326	52	43	listed	list	VERB
fbem-32326	52	44	manufacturing	manufacturing	NOUN
fbem-32326	52	45	companies	company	NOUN
fbem-32326	52	46	during	during	ADP
fbem-32326	52	47	the	the	DET
fbem-32326	52	48	regression	regression	NOUN
fbem-32326	52	49	.	.	PUNCT
fbem-32326	53	1	4	4	X
fbem-32326	53	2	.	.	X
fbem-32326	53	3	empirical	empirical	ADJ
fbem-32326	53	4	analysis	analysis	NOUN
fbem-32326	53	5	4.1	4.1	NUM
fbem-32326	53	6	.	.	PUNCT
fbem-32326	54	1	descriptive	descriptive	ADJ
fbem-32326	54	2	statistical	statistical	ADJ
fbem-32326	54	3	analysis	analysis	NOUN
fbem-32326	54	4	table	table	NOUN
fbem-32326	54	5	2	2	NUM
fbem-32326	54	6	presents	present	VERB
fbem-32326	54	7	the	the	DET
fbem-32326	54	8	descriptive	descriptive	ADJ
fbem-32326	54	9	statistics	statistic	NOUN
fbem-32326	54	10	of	of	ADP
fbem-32326	54	11	the	the	DET
fbem-32326	54	12	sample	sample	NOUN
fbem-32326	54	13	variables	variable	NOUN
fbem-32326	54	14	.	.	PUNCT
fbem-32326	55	1	the	the	DET
fbem-32326	55	2	dependent	dependent	ADJ
fbem-32326	55	3	variable	variable	NOUN
fbem-32326	55	4	,	,	PUNCT
fbem-32326	55	5	corporate	corporate	ADJ
fbem-32326	55	6	governance	governance	NOUN
fbem-32326	55	7	(	(	PUNCT
fbem-32326	55	8	corpgov	corpgov	NOUN
fbem-32326	55	9	)	)	PUNCT
fbem-32326	55	10	,	,	PUNCT
fbem-32326	55	11	has	have	VERB
fbem-32326	55	12	a	a	DET
fbem-32326	55	13	mean	mean	NOUN
fbem-32326	55	14	of	of	ADP
fbem-32326	55	15	0.225	0.225	NUM
fbem-32326	55	16	,	,	PUNCT
fbem-32326	55	17	a	a	DET
fbem-32326	55	18	standard	standard	ADJ
fbem-32326	55	19	deviation	deviation	NOUN
fbem-32326	55	20	of	of	ADP
fbem-32326	55	21	0.945	0.945	NUM
fbem-32326	55	22	,	,	PUNCT
fbem-32326	55	23	a	a	DET
fbem-32326	55	24	minimum	minimum	NOUN
fbem-32326	55	25	of	of	ADP
fbem-32326	55	26	-1.467	-1.467	NUM
fbem-32326	55	27	,	,	PUNCT
fbem-32326	55	28	and	and	CCONJ
fbem-32326	55	29	a	a	DET
fbem-32326	55	30	maximum	maximum	NOUN
fbem-32326	55	31	of	of	ADP
fbem-32326	55	32	2.839	2.839	NUM
fbem-32326	55	33	,	,	PUNCT
fbem-32326	55	34	indicating	indicate	VERB
fbem-32326	55	35	significant	significant	ADJ
fbem-32326	55	36	differences	difference	NOUN
fbem-32326	55	37	in	in	ADP
fbem-32326	55	38	corporate	corporate	ADJ
fbem-32326	55	39	governance	governance	NOUN
fbem-32326	55	40	levels	level	NOUN
fbem-32326	55	41	among	among	ADP
fbem-32326	55	42	the	the	DET
fbem-32326	55	43	sample	sample	NOUN
fbem-32326	55	44	enterprises	enterprise	NOUN
fbem-32326	55	45	.	.	PUNCT
fbem-32326	56	1	the	the	DET
fbem-32326	56	2	impact	impact	NOUN
fbem-32326	56	3	of	of	ADP
fbem-32326	56	4	industrial	industrial	ADJ
fbem-32326	56	5	internet	internet	NOUN
fbem-32326	56	6	transformation	transformation	NOUN
fbem-32326	56	7	on	on	ADP
fbem-32326	56	8	corporate	corporate	ADJ
fbem-32326	56	9	governance	governance	NOUN
fbem-32326	56	10	varies	vary	VERB
fbem-32326	56	11	across	across	ADP
fbem-32326	56	12	different	different	ADJ
fbem-32326	56	13	enterprises	enterprise	NOUN
fbem-32326	56	14	.	.	PUNCT
fbem-32326	57	1	the	the	DET
fbem-32326	57	2	independent	independent	ADJ
fbem-32326	57	3	variable	variable	NOUN
fbem-32326	57	4	,	,	PUNCT
fbem-32326	57	5	industrial	industrial	ADJ
fbem-32326	57	6	internet	internet	NOUN
fbem-32326	57	7	transformation	transformation	NOUN
fbem-32326	57	8	(	(	PUNCT
fbem-32326	57	9	iit	iit	PROPN
fbem-32326	57	10	)	)	PUNCT
fbem-32326	57	11	,	,	PUNCT
fbem-32326	57	12	has	have	VERB
fbem-32326	57	13	a	a	DET
fbem-32326	57	14	mean	mean	NOUN
fbem-32326	57	15	of	of	ADP
fbem-32326	57	16	1.366	1.366	NUM
fbem-32326	57	17	,	,	PUNCT
fbem-32326	57	18	a	a	DET
fbem-32326	57	19	standard	standard	ADJ
fbem-32326	57	20	deviation	deviation	NOUN
fbem-32326	57	21	of	of	ADP
fbem-32326	57	22	1.181	1.181	NUM
fbem-32326	57	23	,	,	PUNCT
fbem-32326	57	24	a	a	DET
fbem-32326	57	25	minimum	minimum	NOUN
fbem-32326	57	26	of	of	ADP
fbem-32326	57	27	0	0	NUM
fbem-32326	57	28	,	,	PUNCT
fbem-32326	57	29	and	and	CCONJ
fbem-32326	57	30	a	a	DET
fbem-32326	57	31	maximum	maximum	NOUN
fbem-32326	57	32	of	of	ADP
fbem-32326	57	33	4.812	4.812	NUM
fbem-32326	57	34	,	,	PUNCT
fbem-32326	57	35	suggesting	suggest	VERB
fbem-32326	57	36	that	that	SCONJ
fbem-32326	57	37	there	there	PRON
fbem-32326	57	38	is	be	VERB
fbem-32326	57	39	noticeable	noticeable	ADJ
fbem-32326	57	40	differentiation	differentiation	NOUN
fbem-32326	57	41	in	in	ADP
fbem-32326	57	42	the	the	DET
fbem-32326	57	43	industrial	industrial	ADJ
fbem-32326	57	44	internet	internet	NOUN
fbem-32326	57	45	transformation	transformation	NOUN
fbem-32326	57	46	process	process	NOUN
fbem-32326	57	47	among	among	ADP
fbem-32326	57	48	the	the	DET
fbem-32326	57	49	sample	sample	NOUN
fbem-32326	57	50	enterprises	enterprise	NOUN
fbem-32326	57	51	,	,	PUNCT
fbem-32326	57	52	with	with	ADP
fbem-32326	57	53	some	some	DET
fbem-32326	57	54	enterprises	enterprise	NOUN
fbem-32326	57	55	not	not	PART
fbem-32326	57	56	yet	yet	ADV
fbem-32326	57	57	initiating	initiate	VERB
fbem-32326	57	58	the	the	DET
fbem-32326	57	59	transformation	transformation	NOUN
fbem-32326	57	60	(	(	PUNCT
fbem-32326	57	61	iit=0	iit=0	NOUN
fbem-32326	57	62	)	)	PUNCT
fbem-32326	57	63	,	,	PUNCT
fbem-32326	57	64	while	while	SCONJ
fbem-32326	57	65	leading	leading	ADJ
fbem-32326	57	66	enterprises	enterprise	NOUN
fbem-32326	57	67	have	have	AUX
fbem-32326	57	68	reached	reach	VERB
fbem-32326	57	69	relatively	relatively	ADV
fbem-32326	57	70	high	high	ADJ
fbem-32326	57	71	levels	level	NOUN
fbem-32326	57	72	of	of	ADP
fbem-32326	57	73	transformation	transformation	NOUN
fbem-32326	57	74	.	.	PUNCT
fbem-32326	58	1	other	other	ADJ
fbem-32326	58	2	control	control	NOUN
fbem-32326	58	3	variables	variable	NOUN
fbem-32326	58	4	are	be	AUX
fbem-32326	58	5	generally	generally	ADV
fbem-32326	58	6	consistent	consistent	ADJ
fbem-32326	58	7	with	with	ADP
fbem-32326	58	8	previous	previous	ADJ
fbem-32326	58	9	studies	study	NOUN
fbem-32326	58	10	and	and	CCONJ
fbem-32326	58	11	real	real	ADJ
fbem-32326	58	12	-	-	PUNCT
fbem-32326	58	13	world	world	NOUN
fbem-32326	58	14	conditions	condition	NOUN
fbem-32326	58	15	.	.	PUNCT
fbem-32326	59	1	table	table	NOUN
fbem-32326	59	2	2	2	NUM
fbem-32326	59	3	.	.	PUNCT
fbem-32326	59	4	descriptive	descriptive	ADJ
fbem-32326	59	5	statistics	statistic	NOUN
fbem-32326	59	6	variable	variable	NOUN
fbem-32326	60	1	n	n	PRON
fbem-32326	60	2	mean	mean	VERB
fbem-32326	60	3	sd	sd	ADP
fbem-32326	60	4	min	min	PROPN
fbem-32326	60	5	max	max	PROPN
fbem-32326	60	6	corpgov	corpgov	PROPN
fbem-32326	60	7	14853	14853	NUM
fbem-32326	60	8	0.225	0.225	NUM
fbem-32326	60	9	0.945	0.945	NUM
fbem-32326	60	10	-1.467	-1.467	SYM
fbem-32326	60	11	2.839	2.839	NUM
fbem-32326	60	12	iit	iit	NOUN
fbem-32326	60	13	14853	14853	NUM
fbem-32326	60	14	1.366	1.366	NUM
fbem-32326	60	15	1.181	1.181	NUM
fbem-32326	60	16	0.000	0.000	NUM
fbem-32326	60	17	4.812	4.812	NUM
fbem-32326	60	18	roa	roa	NOUN
fbem-32326	60	19	14853	14853	NUM
fbem-32326	60	20	0.047	0.047	NUM
fbem-32326	60	21	0.061	0.061	NUM
fbem-32326	60	22	-0.173	-0.173	NOUN
fbem-32326	60	23	0.226	0.226	NUM
fbem-32326	60	24	size	size	NOUN
fbem-32326	60	25	14853	14853	NUM
fbem-32326	60	26	22.210	22.210	NUM
fbem-32326	60	27	1.137	1.137	NUM
fbem-32326	60	28	20.180	20.180	NUM
fbem-32326	60	29	25.760	25.760	NUM
fbem-32326	60	30	lev	lev	NOUN
fbem-32326	60	31	14853	14853	NUM
fbem-32326	60	32	0.388	0.388	NUM
fbem-32326	60	33	0.178	0.178	NUM
fbem-32326	60	34	0.061	0.061	NUM
fbem-32326	60	35	0.799	0.799	NUM
fbem-32326	60	36	cashflow	cashflow	ADJ
fbem-32326	60	37	14853	14853	NUM
fbem-32326	60	38	0.057	0.057	NUM
fbem-32326	60	39	0.063	0.063	NUM
fbem-32326	60	40	-0.113	-0.113	NUM
fbem-32326	60	41	0.242	0.242	NUM
fbem-32326	60	42	growth	growth	NOUN
fbem-32326	60	43	14853	14853	NUM
fbem-32326	60	44	0.142	0.142	NUM
fbem-32326	60	45	0.307	0.307	NUM
fbem-32326	60	46	-0.460	-0.460	PUNCT
fbem-32326	60	47	1.647	1.647	NUM
fbem-32326	60	48	board	board	NOUN
fbem-32326	60	49	14853	14853	NUM
fbem-32326	60	50	2.097	2.097	NUM
fbem-32326	60	51	0.182	0.182	NUM
fbem-32326	60	52	1.609	1.609	NUM
fbem-32326	60	53	2.485	2.485	NUM
fbem-32326	60	54	4.2	4.2	NUM
fbem-32326	60	55	.	.	PUNCT
fbem-32326	61	1	regression	regression	VERB
fbem-32326	61	2	analysis	analysis	NOUN
fbem-32326	61	3	table	table	NOUN
fbem-32326	61	4	3	3	NUM
fbem-32326	61	5	presents	present	VERB
fbem-32326	61	6	the	the	DET
fbem-32326	61	7	basic	basic	ADJ
fbem-32326	61	8	regression	regression	NOUN
fbem-32326	61	9	results	result	NOUN
fbem-32326	61	10	.	.	PUNCT
fbem-32326	62	1	column	column	NOUN
fbem-32326	62	2	(	(	PUNCT
fbem-32326	62	3	1	1	X
fbem-32326	62	4	)	)	PUNCT
fbem-32326	62	5	47	47	NUM
fbem-32326	62	6	shows	show	VERB
fbem-32326	62	7	the	the	DET
fbem-32326	62	8	regression	regression	NOUN
fbem-32326	62	9	results	result	NOUN
fbem-32326	62	10	without	without	ADP
fbem-32326	62	11	controlling	control	VERB
fbem-32326	62	12	for	for	ADP
fbem-32326	62	13	other	other	ADJ
fbem-32326	62	14	influencing	influence	VERB
fbem-32326	62	15	factors	factor	NOUN
fbem-32326	62	16	and	and	CCONJ
fbem-32326	62	17	time	time	NOUN
fbem-32326	62	18	effects	effect	NOUN
fbem-32326	62	19	,	,	PUNCT
fbem-32326	62	20	with	with	ADP
fbem-32326	62	21	the	the	DET
fbem-32326	62	22	estimated	estimate	VERB
fbem-32326	62	23	coefficient	coefficient	NOUN
fbem-32326	62	24	of	of	ADP
fbem-32326	62	25	iit	iit	PROPN
fbem-32326	62	26	being	be	AUX
fbem-32326	62	27	0.0399	0.0399	NUM
fbem-32326	62	28	,	,	PUNCT
fbem-32326	62	29	significant	significant	ADJ
fbem-32326	62	30	at	at	ADP
fbem-32326	62	31	the	the	DET
fbem-32326	62	32	1	1	NUM
fbem-32326	62	33	%	%	NOUN
fbem-32326	62	34	level	level	NOUN
fbem-32326	62	35	.	.	PUNCT
fbem-32326	63	1	column	column	NOUN
fbem-32326	63	2	(	(	PUNCT
fbem-32326	63	3	2	2	X
fbem-32326	63	4	)	)	PUNCT
fbem-32326	63	5	includes	include	VERB
fbem-32326	63	6	control	control	NOUN
fbem-32326	63	7	variables	variable	NOUN
fbem-32326	63	8	but	but	CCONJ
fbem-32326	63	9	does	do	AUX
fbem-32326	63	10	not	not	PART
fbem-32326	63	11	control	control	VERB
fbem-32326	63	12	for	for	ADP
fbem-32326	63	13	time	time	NOUN
fbem-32326	63	14	effects	effect	NOUN
fbem-32326	63	15	.	.	PUNCT
fbem-32326	64	1	the	the	DET
fbem-32326	64	2	results	result	NOUN
fbem-32326	64	3	indicate	indicate	VERB
fbem-32326	64	4	that	that	SCONJ
fbem-32326	64	5	the	the	DET
fbem-32326	64	6	estimated	estimate	VERB
fbem-32326	64	7	coefficient	coefficient	NOUN
fbem-32326	64	8	of	of	ADP
fbem-32326	64	9	iit	iit	PROPN
fbem-32326	64	10	is	be	AUX
fbem-32326	64	11	0.0631	0.0631	NUM
fbem-32326	64	12	,	,	PUNCT
fbem-32326	64	13	also	also	ADV
fbem-32326	64	14	significant	significant	ADJ
fbem-32326	64	15	at	at	ADP
fbem-32326	64	16	the	the	DET
fbem-32326	64	17	1	1	NUM
fbem-32326	64	18	%	%	NOUN
fbem-32326	64	19	level	level	NOUN
fbem-32326	64	20	.	.	PUNCT
fbem-32326	65	1	column	column	NOUN
fbem-32326	65	2	(	(	PUNCT
fbem-32326	65	3	3	3	X
fbem-32326	65	4	)	)	PUNCT
fbem-32326	65	5	accounts	account	NOUN
fbem-32326	65	6	for	for	ADP
fbem-32326	65	7	other	other	ADJ
fbem-32326	65	8	potential	potential	ADJ
fbem-32326	65	9	influencing	influence	VERB
fbem-32326	65	10	factors	factor	NOUN
fbem-32326	65	11	and	and	CCONJ
fbem-32326	65	12	time	time	NOUN
fbem-32326	65	13	effects	effect	NOUN
fbem-32326	65	14	,	,	PUNCT
fbem-32326	65	15	and	and	CCONJ
fbem-32326	65	16	iit	iit	PROPN
fbem-32326	65	17	remains	remain	VERB
fbem-32326	65	18	significant	significant	ADJ
fbem-32326	65	19	at	at	ADP
fbem-32326	65	20	the	the	DET
fbem-32326	65	21	1	1	NUM
fbem-32326	65	22	%	%	NOUN
fbem-32326	65	23	level	level	NOUN
fbem-32326	65	24	,	,	PUNCT
fbem-32326	65	25	with	with	ADP
fbem-32326	65	26	an	an	DET
fbem-32326	65	27	estimated	estimate	VERB
fbem-32326	65	28	coefficient	coefficient	NOUN
fbem-32326	65	29	of	of	ADP
fbem-32326	65	30	0.0531	0.0531	NUM
fbem-32326	65	31	.	.	PUNCT
fbem-32326	66	1	this	this	PRON
fbem-32326	66	2	indicates	indicate	VERB
fbem-32326	66	3	that	that	SCONJ
fbem-32326	66	4	industrial	industrial	ADJ
fbem-32326	66	5	internet	internet	NOUN
fbem-32326	66	6	transformation	transformation	NOUN
fbem-32326	66	7	has	have	VERB
fbem-32326	66	8	a	a	DET
fbem-32326	66	9	significant	significant	ADJ
fbem-32326	66	10	positive	positive	ADJ
fbem-32326	66	11	driving	driving	NOUN
fbem-32326	66	12	effect	effect	NOUN
fbem-32326	66	13	on	on	ADP
fbem-32326	66	14	corporate	corporate	ADJ
fbem-32326	66	15	governance	governance	NOUN
fbem-32326	66	16	,	,	PUNCT
fbem-32326	66	17	and	and	CCONJ
fbem-32326	66	18	this	this	DET
fbem-32326	66	19	effect	effect	NOUN
fbem-32326	66	20	remains	remain	VERB
fbem-32326	66	21	robust	robust	ADJ
fbem-32326	66	22	after	after	ADP
fbem-32326	66	23	controlling	control	VERB
fbem-32326	66	24	for	for	ADP
fbem-32326	66	25	firm	firm	ADJ
fbem-32326	66	26	characteristics	characteristic	NOUN
fbem-32326	66	27	and	and	CCONJ
fbem-32326	66	28	the	the	DET
fbem-32326	66	29	macro	macro	ADJ
fbem-32326	66	30	environment	environment	NOUN
fbem-32326	66	31	.	.	PUNCT
fbem-32326	67	1	table	table	NOUN
fbem-32326	67	2	3	3	NUM
fbem-32326	67	3	.	.	PUNCT
fbem-32326	67	4	baseline	baseline	PROPN
fbem-32326	67	5	regression	regression	NOUN
fbem-32326	67	6	results	result	NOUN
fbem-32326	67	7	(	(	PUNCT
fbem-32326	67	8	1	1	NUM
fbem-32326	67	9	)	)	PUNCT
fbem-32326	67	10	(	(	PUNCT
fbem-32326	67	11	2	2	NUM
fbem-32326	67	12	)	)	PUNCT
fbem-32326	67	13	(	(	PUNCT
fbem-32326	67	14	3	3	X
fbem-32326	67	15	)	)	PUNCT
fbem-32326	67	16	corpgov	corpgov	ADJ
fbem-32326	67	17	corpgov	corpgov	ADJ
fbem-32326	67	18	corpgov	corpgov	NOUN
fbem-32326	67	19	iit	iit	PROPN
fbem-32326	67	20	0.0399	0.0399	PROPN
fbem-32326	67	21	*	*	PUNCT
fbem-32326	67	22	*	*	PUNCT
fbem-32326	67	23	*	*	PUNCT
fbem-32326	67	24	0.0631	0.0631	NUM
fbem-32326	67	25	*	*	PUNCT
fbem-32326	67	26	*	*	PUNCT
fbem-32326	67	27	*	*	PUNCT
fbem-32326	68	1	0.0531	0.0531	NUM
fbem-32326	68	2	*	*	PUNCT
fbem-32326	68	3	*	*	PUNCT
fbem-32326	68	4	*	*	PUNCT
fbem-32326	68	5	(	(	PUNCT
fbem-32326	68	6	6.089	6.089	NUM
fbem-32326	68	7	)	)	PUNCT
fbem-32326	68	8	(	(	PUNCT
fbem-32326	68	9	5.550	5.550	NUM
fbem-32326	68	10	)	)	PUNCT
fbem-32326	68	11	(	(	PUNCT
fbem-32326	68	12	4.597	4.597	NUM
fbem-32326	68	13	)	)	PUNCT
fbem-32326	68	14	size	size	NOUN
fbem-32326	68	15	-0.1975	-0.1975	NOUN
fbem-32326	68	16	*	*	PUNCT
fbem-32326	68	17	*	*	PUNCT
fbem-32326	68	18	*	*	PUNCT
fbem-32326	68	19	-0.2008	-0.2008	NOUN
fbem-32326	68	20	*	*	PUNCT
fbem-32326	68	21	*	*	PUNCT
fbem-32326	68	22	*	*	PUNCT
fbem-32326	68	23	(	(	PUNCT
fbem-32326	68	24	-14.542	-14.542	ADJ
fbem-32326	68	25	)	)	PUNCT
fbem-32326	68	26	(	(	PUNCT
fbem-32326	68	27	-14.701	-14.701	NOUN
fbem-32326	68	28	)	)	PUNCT
fbem-32326	68	29	lev	lev	NOUN
fbem-32326	68	30	-0.3672	-0.3672	NOUN
fbem-32326	68	31	*	*	PROPN
fbem-32326	68	32	*	*	PUNCT
fbem-32326	68	33	*	*	NOUN
fbem-32326	68	34	-0.3744	-0.3744	PUNCT
fbem-32326	68	35	*	*	PUNCT
fbem-32326	68	36	*	*	PUNCT
fbem-32326	68	37	*	*	PUNCT
fbem-32326	68	38	(	(	PUNCT
fbem-32326	68	39	-4.181	-4.181	NUM
fbem-32326	68	40	)	)	PUNCT
fbem-32326	68	41	(	(	PUNCT
fbem-32326	68	42	-4.303	-4.303	X
fbem-32326	68	43	)	)	PUNCT
fbem-32326	68	44	cashflow	cashflow	ADJ
fbem-32326	68	45	0.4603	0.4603	NOUN
fbem-32326	68	46	*	*	PUNCT
fbem-32326	68	47	*	*	PUNCT
fbem-32326	68	48	*	*	PUNCT
fbem-32326	68	49	0.4118	0.4118	NUM
fbem-32326	68	50	*	*	PUNCT
fbem-32326	68	51	*	*	PUNCT
fbem-32326	68	52	(	(	PUNCT
fbem-32326	68	53	2.677	2.677	NUM
fbem-32326	68	54	)	)	PUNCT
fbem-32326	68	55	(	(	PUNCT
fbem-32326	68	56	2.395	2.395	NUM
fbem-32326	68	57	)	)	PUNCT
fbem-32326	68	58	growth	growth	NOUN
fbem-32326	68	59	0.2443	0.2443	NUM
fbem-32326	68	60	*	*	PUNCT
fbem-32326	68	61	*	*	PUNCT
fbem-32326	68	62	*	*	PUNCT
fbem-32326	68	63	0.2714	0.2714	NUM
fbem-32326	68	64	*	*	PUNCT
fbem-32326	68	65	*	*	PUNCT
fbem-32326	68	66	*	*	PUNCT
fbem-32326	68	67	(	(	PUNCT
fbem-32326	68	68	10.497	10.497	NUM
fbem-32326	68	69	)	)	PUNCT
fbem-32326	68	70	(	(	PUNCT
fbem-32326	68	71	11.090	11.090	NUM
fbem-32326	68	72	)	)	PUNCT
fbem-32326	68	73	board	board	NOUN
fbem-32326	68	74	-2.3398	-2.3398	NOUN
fbem-32326	68	75	*	*	PUNCT
fbem-32326	68	76	*	*	PUNCT
fbem-32326	68	77	*	*	NOUN
fbem-32326	68	78	-2.2915	-2.2915	NOUN
fbem-32326	68	79	*	*	PUNCT
fbem-32326	68	80	*	*	PUNCT
fbem-32326	68	81	*	*	PUNCT
fbem-32326	68	82	(	(	PUNCT
fbem-32326	68	83	-29.403	-29.403	NOUN
fbem-32326	68	84	)	)	PUNCT
fbem-32326	68	85	(	(	PUNCT
fbem-32326	68	86	-28.803	-28.803	NOUN
fbem-32326	68	87	)	)	PUNCT
fbem-32326	69	1	_	_	NOUN
fbem-32326	69	2	cons	con	NOUN
fbem-32326	69	3	0.1702	0.1702	NOUN
fbem-32326	69	4	*	*	PUNCT
fbem-32326	69	5	*	*	PUNCT
fbem-32326	69	6	*	*	PUNCT
fbem-32326	70	1	9.5147	9.5147	NUM
fbem-32326	70	2	*	*	PUNCT
fbem-32326	70	3	*	*	PUNCT
fbem-32326	70	4	*	*	PUNCT
fbem-32326	71	1	9.3296	9.3296	NUM
fbem-32326	71	2	*	*	PUNCT
fbem-32326	71	3	*	*	PUNCT
fbem-32326	71	4	*	*	PUNCT
fbem-32326	71	5	(	(	PUNCT
fbem-32326	71	6	14.375	14.375	NUM
fbem-32326	71	7	)	)	PUNCT
fbem-32326	71	8	(	(	PUNCT
fbem-32326	71	9	31.982	31.982	NUM
fbem-32326	71	10	)	)	PUNCT
fbem-32326	71	11	(	(	PUNCT
fbem-32326	71	12	31.866	31.866	NUM
fbem-32326	71	13	)	)	PUNCT
fbem-32326	71	14	n	n	PROPN
fbem-32326	71	15	14853	14853	NUM
fbem-32326	71	16	14853	14853	NUM
fbem-32326	71	17	14853	14853	NUM
fbem-32326	71	18	ar2	ar2	PROPN
fbem-32326	71	19	0.0025	0.0025	NUM
fbem-32326	71	20	0.3440	0.3440	NUM
fbem-32326	72	1	0.3527	0.3527	NUM
fbem-32326	72	2	year	year	NOUN
fbem-32326	73	1	no	no	INTJ
fbem-32326	73	2	no	no	INTJ
fbem-32326	73	3	yes	yes	INTJ
fbem-32326	73	4	4.3	4.3	NUM
fbem-32326	73	5	.	.	PUNCT
fbem-32326	73	6	mechanism	mechanism	NOUN
fbem-32326	73	7	testing	test	VERB
fbem-32326	73	8	the	the	DET
fbem-32326	73	9	previous	previous	ADJ
fbem-32326	73	10	empirical	empirical	ADJ
fbem-32326	73	11	analysis	analysis	NOUN
fbem-32326	73	12	shows	show	VERB
fbem-32326	73	13	that	that	SCONJ
fbem-32326	73	14	industrial	industrial	ADJ
fbem-32326	73	15	internet	internet	NOUN
fbem-32326	73	16	transformation	transformation	NOUN
fbem-32326	73	17	(	(	PUNCT
fbem-32326	73	18	iit	iit	PROPN
fbem-32326	73	19	)	)	PUNCT
fbem-32326	73	20	can	can	AUX
fbem-32326	73	21	enhance	enhance	VERB
fbem-32326	73	22	corporate	corporate	ADJ
fbem-32326	73	23	governance	governance	NOUN
fbem-32326	73	24	levels	level	NOUN
fbem-32326	73	25	.	.	PUNCT
fbem-32326	74	1	regarding	regard	VERB
fbem-32326	74	2	its	its	PRON
fbem-32326	74	3	mechanism	mechanism	NOUN
fbem-32326	74	4	,	,	PUNCT
fbem-32326	74	5	at	at	ADP
fbem-32326	74	6	the	the	DET
fbem-32326	74	7	theoretical	theoretical	ADJ
fbem-32326	74	8	level	level	NOUN
fbem-32326	74	9	,	,	PUNCT
fbem-32326	74	10	high	high	ADJ
fbem-32326	74	11	-	-	PUNCT
fbem-32326	74	12	quality	quality	NOUN
fbem-32326	74	13	internal	internal	ADJ
fbem-32326	74	14	control	control	NOUN
fbem-32326	74	15	not	not	PART
fbem-32326	74	16	only	only	ADV
fbem-32326	74	17	can	can	AUX
fbem-32326	74	18	prevent	prevent	VERB
fbem-32326	74	19	,	,	PUNCT
fbem-32326	74	20	detect	detect	VERB
fbem-32326	74	21	,	,	PUNCT
fbem-32326	74	22	and	and	CCONJ
fbem-32326	74	23	correct	correct	ADJ
fbem-32326	74	24	material	material	NOUN
fbem-32326	74	25	misstatements	misstatement	NOUN
fbem-32326	74	26	in	in	ADP
fbem-32326	74	27	corporate	corporate	ADJ
fbem-32326	74	28	financial	financial	ADJ
fbem-32326	74	29	statements	statement	NOUN
fbem-32326	74	30	,	,	PUNCT
fbem-32326	74	31	but	but	CCONJ
fbem-32326	74	32	also	also	ADV
fbem-32326	74	33	functions	function	NOUN
fbem-32326	74	34	to	to	PART
fbem-32326	74	35	reduce	reduce	VERB
fbem-32326	74	36	agency	agency	NOUN
fbem-32326	74	37	costs	cost	NOUN
fbem-32326	74	38	by	by	ADP
fbem-32326	74	39	constraining	constrain	VERB
fbem-32326	74	40	executive	executive	ADJ
fbem-32326	74	41	actions	action	NOUN
fbem-32326	74	42	.	.	PUNCT
fbem-32326	75	1	therefore	therefore	ADV
fbem-32326	75	2	,	,	PUNCT
fbem-32326	75	3	following	follow	VERB
fbem-32326	75	4	the	the	DET
fbem-32326	75	5	approach	approach	NOUN
fbem-32326	75	6	of	of	ADP
fbem-32326	75	7	li	li	PROPN
fbem-32326	75	8	et	et	PROPN
fbem-32326	75	9	al	al	PROPN
fbem-32326	75	10	.	.	PROPN
fbem-32326	75	11	(	(	PUNCT
fbem-32326	75	12	2018	2018	NUM
fbem-32326	75	13	)	)	PUNCT
fbem-32326	75	14	and	and	CCONJ
fbem-32326	75	15	tao	tao	PROPN
fbem-32326	75	16	et	et	PROPN
fbem-32326	75	17	al	al	PROPN
fbem-32326	75	18	.	.	PROPN
fbem-32326	75	19	(	(	PUNCT
fbem-32326	75	20	2023	2023	NUM
fbem-32326	75	21	)	)	PUNCT
fbem-32326	75	22	,	,	PUNCT
fbem-32326	75	23	this	this	DET
fbem-32326	75	24	study	study	NOUN
fbem-32326	75	25	uses	use	VERB
fbem-32326	75	26	the	the	DET
fbem-32326	75	27	"	"	PUNCT
fbem-32326	75	28	internal	internal	ADJ
fbem-32326	75	29	control	control	NOUN
fbem-32326	75	30	index	index	NOUN
fbem-32326	75	31	of	of	ADP
fbem-32326	75	32	chinese	chinese	ADJ
fbem-32326	75	33	listed	list	VERB
fbem-32326	75	34	companies	company	NOUN
fbem-32326	75	35	"	"	PUNCT
fbem-32326	75	36	published	publish	VERB
fbem-32326	75	37	by	by	ADP
fbem-32326	75	38	dib	dib	PROPN
fbem-32326	75	39	risk	risk	NOUN
fbem-32326	75	40	management	management	PROPN
fbem-32326	75	41	technology	technology	PROPN
fbem-32326	75	42	co.	co.	PROPN
fbem-32326	75	43	,	,	PUNCT
fbem-32326	75	44	ltd	ltd	PROPN
fbem-32326	75	45	.	.	PROPN
fbem-32326	76	1	(	(	PUNCT
fbem-32326	76	2	dib	dib	NOUN
fbem-32326	76	3	)	)	PUNCT
fbem-32326	76	4	in	in	ADP
fbem-32326	76	5	shenzhen	shenzhen	PROPN
fbem-32326	76	6	as	as	ADP
fbem-32326	76	7	a	a	DET
fbem-32326	76	8	representation	representation	NOUN
fbem-32326	76	9	of	of	ADP
fbem-32326	76	10	internal	internal	ADJ
fbem-32326	76	11	control	control	NOUN
fbem-32326	76	12	quality	quality	NOUN
fbem-32326	76	13	(	(	PUNCT
fbem-32326	76	14	ic	ic	NUM
fbem-32326	76	15	)	)	PUNCT
fbem-32326	76	16	,	,	PUNCT
fbem-32326	76	17	while	while	SCONJ
fbem-32326	76	18	also	also	ADV
fbem-32326	76	19	standardizing	standardize	VERB
fbem-32326	76	20	this	this	DET
fbem-32326	76	21	variable	variable	NOUN
fbem-32326	76	22	.	.	PUNCT
fbem-32326	77	1	a	a	DET
fbem-32326	77	2	higher	high	ADJ
fbem-32326	77	3	value	value	NOUN
fbem-32326	77	4	indicates	indicate	VERB
fbem-32326	77	5	higher	high	ADJ
fbem-32326	77	6	internal	internal	ADJ
fbem-32326	77	7	control	control	NOUN
fbem-32326	77	8	quality	quality	NOUN
fbem-32326	77	9	(	(	PUNCT
fbem-32326	77	10	ic	ic	NUM
fbem-32326	77	11	)	)	PUNCT
fbem-32326	77	12	.	.	PUNCT
fbem-32326	78	1	the	the	DET
fbem-32326	78	2	results	result	NOUN
fbem-32326	78	3	in	in	ADP
fbem-32326	78	4	column	column	NOUN
fbem-32326	78	5	(	(	PUNCT
fbem-32326	78	6	1	1	NUM
fbem-32326	78	7	)	)	PUNCT
fbem-32326	78	8	of	of	ADP
fbem-32326	78	9	table	table	NOUN
fbem-32326	78	10	4	4	NUM
fbem-32326	78	11	show	show	VERB
fbem-32326	78	12	that	that	SCONJ
fbem-32326	78	13	the	the	DET
fbem-32326	78	14	estimated	estimate	VERB
fbem-32326	78	15	coefficient	coefficient	NOUN
fbem-32326	78	16	of	of	ADP
fbem-32326	78	17	iit	iit	PROPN
fbem-32326	78	18	is	be	AUX
fbem-32326	78	19	significantly	significantly	ADV
fbem-32326	78	20	positive	positive	ADJ
fbem-32326	78	21	,	,	PUNCT
fbem-32326	78	22	with	with	ADP
fbem-32326	78	23	a	a	DET
fbem-32326	78	24	regression	regression	NOUN
fbem-32326	78	25	coefficient	coefficient	NOUN
fbem-32326	78	26	of	of	ADP
fbem-32326	78	27	0.0304	0.0304	NUM
fbem-32326	78	28	,	,	PUNCT
fbem-32326	78	29	indicating	indicate	VERB
fbem-32326	78	30	that	that	SCONJ
fbem-32326	78	31	iit	iit	PROPN
fbem-32326	78	32	helps	help	VERB
fbem-32326	78	33	to	to	PART
fbem-32326	78	34	optimize	optimize	VERB
fbem-32326	78	35	corporate	corporate	ADJ
fbem-32326	78	36	internal	internal	ADJ
fbem-32326	78	37	control	control	NOUN
fbem-32326	78	38	quality	quality	NOUN
fbem-32326	78	39	.	.	PUNCT
fbem-32326	79	1	in	in	ADP
fbem-32326	79	2	addition	addition	NOUN
fbem-32326	79	3	,	,	PUNCT
fbem-32326	79	4	because	because	SCONJ
fbem-32326	79	5	industrial	industrial	ADJ
fbem-32326	79	6	internet	internet	NOUN
fbem-32326	79	7	transformation	transformation	NOUN
fbem-32326	79	8	has	have	VERB
fbem-32326	79	9	a	a	DET
fbem-32326	79	10	long	long	ADJ
fbem-32326	79	11	return	return	NOUN
fbem-32326	79	12	cycle	cycle	NOUN
fbem-32326	79	13	and	and	CCONJ
fbem-32326	79	14	high	high	ADJ
fbem-32326	79	15	uncertainty	uncertainty	NOUN
fbem-32326	79	16	,	,	PUNCT
fbem-32326	79	17	it	it	PRON
fbem-32326	79	18	inherently	inherently	ADV
fbem-32326	79	19	conflicts	conflict	VERB
fbem-32326	79	20	with	with	ADP
fbem-32326	79	21	the	the	DET
fbem-32326	79	22	traditional	traditional	ADJ
fbem-32326	79	23	short	short	ADJ
fbem-32326	79	24	-	-	PUNCT
fbem-32326	79	25	term	term	NOUN
fbem-32326	79	26	performance	performance	NOUN
fbem-32326	79	27	-	-	PUNCT
fbem-32326	79	28	based	base	VERB
fbem-32326	79	29	compensation	compensation	NOUN
fbem-32326	79	30	system	system	NOUN
fbem-32326	79	31	.	.	PUNCT
fbem-32326	80	1	to	to	PART
fbem-32326	80	2	make	make	VERB
fbem-32326	80	3	management	management	NOUN
fbem-32326	80	4	pay	pay	VERB
fbem-32326	80	5	more	more	ADJ
fbem-32326	80	6	attention	attention	NOUN
fbem-32326	80	7	to	to	ADP
fbem-32326	80	8	the	the	DET
fbem-32326	80	9	long	long	ADJ
fbem-32326	80	10	-	-	PUNCT
fbem-32326	80	11	term	term	NOUN
fbem-32326	80	12	value	value	NOUN
fbem-32326	80	13	of	of	ADP
fbem-32326	80	14	the	the	DET
fbem-32326	80	15	company	company	NOUN
fbem-32326	80	16	,	,	PUNCT
fbem-32326	80	17	enterprises	enterprise	NOUN
fbem-32326	80	18	introduce	introduce	VERB
fbem-32326	80	19	executive	executive	ADJ
fbem-32326	80	20	incentive	incentive	NOUN
fbem-32326	80	21	mechanisms	mechanism	NOUN
fbem-32326	80	22	.	.	PUNCT
fbem-32326	81	1	drawing	draw	VERB
fbem-32326	81	2	on	on	ADP
fbem-32326	81	3	the	the	DET
fbem-32326	81	4	ideas	idea	NOUN
fbem-32326	81	5	of	of	ADP
fbem-32326	81	6	carline	carline	NOUN
fbem-32326	81	7	et	et	PROPN
fbem-32326	81	8	al	al	PROPN
fbem-32326	81	9	.	.	PROPN
fbem-32326	82	1	(	(	PUNCT
fbem-32326	82	2	2023	2023	NUM
fbem-32326	82	3	)	)	PUNCT
fbem-32326	82	4	,	,	PUNCT
fbem-32326	82	5	this	this	DET
fbem-32326	82	6	study	study	NOUN
fbem-32326	82	7	uses	use	VERB
fbem-32326	82	8	equity	equity	NOUN
fbem-32326	82	9	incentives	incentive	NOUN
fbem-32326	82	10	to	to	PART
fbem-32326	82	11	represent	represent	VERB
fbem-32326	82	12	executive	executive	ADJ
fbem-32326	82	13	incentives	incentive	NOUN
fbem-32326	82	14	(	(	PUNCT
fbem-32326	82	15	incentive	incentive	NOUN
fbem-32326	82	16	)	)	PUNCT
fbem-32326	82	17	;	;	PUNCT
fbem-32326	82	18	specifically	specifically	ADV
fbem-32326	82	19	,	,	PUNCT
fbem-32326	82	20	the	the	DET
fbem-32326	82	21	natural	natural	ADJ
fbem-32326	82	22	logarithm	logarithm	NOUN
fbem-32326	82	23	of	of	ADP
fbem-32326	82	24	the	the	DET
fbem-32326	82	25	executive	executive	ADJ
fbem-32326	82	26	shareholding	shareholding	NOUN
fbem-32326	82	27	ratio	ratio	NOUN
fbem-32326	82	28	is	be	AUX
fbem-32326	82	29	used	use	VERB
fbem-32326	82	30	as	as	ADP
fbem-32326	82	31	a	a	DET
fbem-32326	82	32	proxy	proxy	ADJ
fbem-32326	82	33	variable	variable	NOUN
fbem-32326	82	34	.	.	PUNCT
fbem-32326	83	1	the	the	DET
fbem-32326	83	2	results	result	NOUN
fbem-32326	83	3	in	in	ADP
fbem-32326	83	4	column	column	NOUN
fbem-32326	83	5	(	(	PUNCT
fbem-32326	83	6	2	2	NUM
fbem-32326	83	7	)	)	PUNCT
fbem-32326	83	8	of	of	ADP
fbem-32326	83	9	table	table	NOUN
fbem-32326	83	10	4	4	NUM
fbem-32326	83	11	show	show	VERB
fbem-32326	83	12	that	that	SCONJ
fbem-32326	83	13	the	the	DET
fbem-32326	83	14	regression	regression	NOUN
fbem-32326	83	15	coefficient	coefficient	NOUN
fbem-32326	83	16	of	of	ADP
fbem-32326	83	17	iit	iit	PROPN
fbem-32326	83	18	is	be	AUX
fbem-32326	83	19	0.5044	0.5044	NUM
fbem-32326	83	20	and	and	CCONJ
fbem-32326	83	21	is	be	AUX
fbem-32326	83	22	significant	significant	ADJ
fbem-32326	83	23	at	at	ADP
fbem-32326	83	24	the	the	DET
fbem-32326	83	25	1	1	NUM
fbem-32326	83	26	%	%	NOUN
fbem-32326	83	27	level	level	NOUN
fbem-32326	83	28	,	,	PUNCT
fbem-32326	83	29	indicating	indicate	VERB
fbem-32326	83	30	that	that	SCONJ
fbem-32326	83	31	iit	iit	PROPN
fbem-32326	83	32	helps	help	VERB
fbem-32326	83	33	to	to	PART
fbem-32326	83	34	optimize	optimize	VERB
fbem-32326	83	35	the	the	DET
fbem-32326	83	36	corporate	corporate	ADJ
fbem-32326	83	37	governance	governance	NOUN
fbem-32326	83	38	structure	structure	NOUN
fbem-32326	83	39	through	through	ADP
fbem-32326	83	40	executive	executive	ADJ
fbem-32326	83	41	incentives	incentive	NOUN
fbem-32326	83	42	.	.	PUNCT
fbem-32326	84	1	table	table	NOUN
fbem-32326	84	2	4	4	NUM
fbem-32326	84	3	.	.	PUNCT
fbem-32326	84	4	mechanism	mechanism	NOUN
fbem-32326	84	5	test	test	NOUN
fbem-32326	84	6	results	result	NOUN
fbem-32326	84	7	(	(	PUNCT
fbem-32326	84	8	1	1	NUM
fbem-32326	84	9	)	)	PUNCT
fbem-32326	84	10	(	(	PUNCT
fbem-32326	84	11	2	2	X
fbem-32326	84	12	)	)	PUNCT
fbem-32326	84	13	ic	ic	PROPN
fbem-32326	84	14	incentive	incentive	PROPN
fbem-32326	84	15	iit	iit	PROPN
fbem-32326	84	16	0.0304	0.0304	PROPN
fbem-32326	84	17	*	*	PUNCT
fbem-32326	84	18	*	*	PUNCT
fbem-32326	84	19	*	*	PUNCT
fbem-32326	84	20	0.5044	0.5044	NUM
fbem-32326	84	21	*	*	PUNCT
fbem-32326	84	22	*	*	PUNCT
fbem-32326	84	23	*	*	PUNCT
fbem-32326	84	24	(	(	PUNCT
fbem-32326	84	25	4.305	4.305	NUM
fbem-32326	84	26	)	)	PUNCT
fbem-32326	84	27	(	(	PUNCT
fbem-32326	84	28	5.439	5.439	NUM
fbem-32326	84	29	)	)	PUNCT
fbem-32326	84	30	size	size	NOUN
fbem-32326	84	31	0.1216	0.1216	NUM
fbem-32326	84	32	*	*	PUNCT
fbem-32326	84	33	*	*	PUNCT
fbem-32326	84	34	*	*	PUNCT
fbem-32326	84	35	-0.3802	-0.3802	X
fbem-32326	84	36	*	*	PUNCT
fbem-32326	84	37	*	*	PUNCT
fbem-32326	84	38	*	*	PUNCT
fbem-32326	84	39	(	(	PUNCT
fbem-32326	84	40	10.860	10.860	NUM
fbem-32326	84	41	)	)	PUNCT
fbem-32326	84	42	(	(	PUNCT
fbem-32326	84	43	-2.918	-2.918	NOUN
fbem-32326	84	44	)	)	PUNCT
fbem-32326	84	45	lev	lev	NOUN
fbem-32326	84	46	-0.4795	-0.4795	PROPN
fbem-32326	84	47	*	*	PUNCT
fbem-32326	84	48	*	*	PUNCT
fbem-32326	84	49	*	*	PUNCT
fbem-32326	84	50	-3.9493	-3.9493	NOUN
fbem-32326	84	51	*	*	PUNCT
fbem-32326	84	52	*	*	PUNCT
fbem-32326	84	53	*	*	PUNCT
fbem-32326	84	54	(	(	PUNCT
fbem-32326	84	55	-7.135	-7.135	NOUN
fbem-32326	84	56	)	)	PUNCT
fbem-32326	84	57	(	(	PUNCT
fbem-32326	84	58	-5.076	-5.076	NOUN
fbem-32326	84	59	)	)	PUNCT
fbem-32326	84	60	cashflow	cashflow	VERB
fbem-32326	84	61	1.4262	1.4262	NUM
fbem-32326	84	62	*	*	PUNCT
fbem-32326	84	63	*	*	PUNCT
fbem-32326	84	64	*	*	PUNCT
fbem-32326	85	1	3.0411	3.0411	NUM
fbem-32326	85	2	*	*	PUNCT
fbem-32326	85	3	*	*	PUNCT
fbem-32326	85	4	(	(	PUNCT
fbem-32326	85	5	10.898	10.898	NUM
fbem-32326	85	6	)	)	PUNCT
fbem-32326	85	7	(	(	PUNCT
fbem-32326	85	8	2.068	2.068	NUM
fbem-32326	85	9	)	)	PUNCT
fbem-32326	85	10	growth	growth	NOUN
fbem-32326	85	11	0.6184	0.6184	NUM
fbem-32326	85	12	*	*	PUNCT
fbem-32326	85	13	*	*	PUNCT
fbem-32326	85	14	*	*	PUNCT
fbem-32326	85	15	1.6374	1.6374	NUM
fbem-32326	85	16	*	*	PUNCT
fbem-32326	85	17	*	*	PUNCT
fbem-32326	85	18	*	*	PUNCT
fbem-32326	85	19	(	(	PUNCT
fbem-32326	85	20	22.883	22.883	NUM
fbem-32326	85	21	)	)	PUNCT
fbem-32326	85	22	(	(	PUNCT
fbem-32326	85	23	7.889	7.889	NUM
fbem-32326	85	24	)	)	PUNCT
fbem-32326	85	25	board	board	NOUN
fbem-32326	85	26	0.0188	0.0188	NUM
fbem-32326	85	27	-1.7114	-1.7114	NOUN
fbem-32326	85	28	*	*	PUNCT
fbem-32326	85	29	*	*	PUNCT
fbem-32326	85	30	*	*	PUNCT
fbem-32326	85	31	(	(	PUNCT
fbem-32326	85	32	0.373	0.373	NUM
fbem-32326	85	33	)	)	PUNCT
fbem-32326	85	34	(	(	PUNCT
fbem-32326	85	35	-2.610	-2.610	X
fbem-32326	85	36	)	)	PUNCT
fbem-32326	86	1	_	_	NOUN
fbem-32326	86	2	cons	con	VERB
fbem-32326	86	3	3.7358	3.7358	NUM
fbem-32326	86	4	*	*	PUNCT
fbem-32326	86	5	*	*	PUNCT
fbem-32326	86	6	*	*	PUNCT
fbem-32326	86	7	24.3551	24.3551	NUM
fbem-32326	86	8	*	*	PUNCT
fbem-32326	86	9	*	*	PUNCT
fbem-32326	86	10	*	*	PUNCT
fbem-32326	86	11	(	(	PUNCT
fbem-32326	86	12	16.590	16.590	NUM
fbem-32326	86	13	)	)	PUNCT
fbem-32326	86	14	(	(	PUNCT
fbem-32326	86	15	8.912	8.912	NUM
fbem-32326	86	16	)	)	PUNCT
fbem-32326	86	17	n	n	PROPN
fbem-32326	86	18	14853	14853	NUM
fbem-32326	86	19	14853	14853	NUM
fbem-32326	86	20	ar2	ar2	VERB
fbem-32326	86	21	0.1148	0.1148	NUM
fbem-32326	86	22	0.0446	0.0446	NUM
fbem-32326	86	23	year	year	NOUN
fbem-32326	87	1	yes	yes	INTJ
fbem-32326	87	2	yes	yes	INTJ
fbem-32326	87	3	4.4	4.4	NUM
fbem-32326	87	4	.	.	PUNCT
fbem-32326	88	1	heterogeneity	heterogeneity	PROPN
fbem-32326	88	2	test	test	NOUN
fbem-32326	88	3	against	against	ADP
fbem-32326	88	4	china	china	PROPN
fbem-32326	88	5	's	's	PART
fbem-32326	88	6	actual	actual	ADJ
fbem-32326	88	7	property	property	NOUN
fbem-32326	88	8	rights	right	NOUN
fbem-32326	88	9	system	system	NOUN
fbem-32326	88	10	,	,	PUNCT
fbem-32326	88	11	state	state	NOUN
fbem-32326	88	12	-	-	PUNCT
fbem-32326	88	13	owned	own	VERB
fbem-32326	88	14	and	and	CCONJ
fbem-32326	88	15	private	private	ADJ
fbem-32326	88	16	enterprises	enterprise	NOUN
fbem-32326	88	17	differ	differ	VERB
fbem-32326	88	18	in	in	ADP
fbem-32326	88	19	policy	policy	NOUN
fbem-32326	88	20	support	support	NOUN
fbem-32326	88	21	,	,	PUNCT
fbem-32326	88	22	social	social	ADJ
fbem-32326	88	23	expectations	expectation	NOUN
fbem-32326	88	24	,	,	PUNCT
fbem-32326	88	25	and	and	CCONJ
fbem-32326	88	26	market	market	NOUN
fbem-32326	88	27	pressures	pressure	NOUN
fbem-32326	88	28	.	.	PUNCT
fbem-32326	89	1	table	table	NOUN
fbem-32326	89	2	5	5	NUM
fbem-32326	89	3	,	,	PUNCT
fbem-32326	89	4	columns	column	NOUN
fbem-32326	89	5	(	(	PUNCT
fbem-32326	89	6	1)-(2	1)-(2	NUM
fbem-32326	89	7	)	)	PUNCT
fbem-32326	89	8	show	show	VERB
fbem-32326	89	9	industrial	industrial	ADJ
fbem-32326	89	10	internet	internet	NOUN
fbem-32326	89	11	transformation	transformation	NOUN
fbem-32326	89	12	has	have	VERB
fbem-32326	89	13	a	a	DET
fbem-32326	89	14	more	more	ADV
fbem-32326	89	15	pronounced	pronounced	ADJ
fbem-32326	89	16	effect	effect	NOUN
fbem-32326	89	17	on	on	ADP
fbem-32326	89	18	improving	improve	VERB
fbem-32326	89	19	corporate	corporate	ADJ
fbem-32326	89	20	governance	governance	NOUN
fbem-32326	89	21	in	in	ADP
fbem-32326	89	22	non	non	ADJ
fbem-32326	89	23	-	-	ADJ
fbem-32326	89	24	state	state	NOUN
fbem-32326	89	25	-	-	PUNCT
fbem-32326	89	26	owned	own	VERB
fbem-32326	89	27	enterprises	enterprise	NOUN
fbem-32326	89	28	.	.	PUNCT
fbem-32326	90	1	this	this	PRON
fbem-32326	90	2	is	be	AUX
fbem-32326	90	3	due	due	ADJ
fbem-32326	90	4	to	to	ADP
fbem-32326	90	5	non	non	ADJ
fbem-32326	90	6	-	-	ADJ
fbem-32326	90	7	state	state	NOUN
fbem-32326	90	8	-	-	PUNCT
fbem-32326	90	9	owned	own	VERB
fbem-32326	90	10	industrial	industrial	ADJ
fbem-32326	90	11	enterprises	enterprise	NOUN
fbem-32326	90	12	’	'	PUNCT
fbem-32326	90	13	more	more	ADV
fbem-32326	90	14	flexible	flexible	ADJ
fbem-32326	90	15	systems	system	NOUN
fbem-32326	90	16	,	,	PUNCT
fbem-32326	90	17	less	less	ADJ
fbem-32326	90	18	resistance	resistance	NOUN
fbem-32326	90	19	to	to	ADP
fbem-32326	90	20	industrial	industrial	ADJ
fbem-32326	90	21	internet	internet	NOUN
fbem-32326	90	22	transformation	transformation	NOUN
fbem-32326	90	23	,	,	PUNCT
fbem-32326	90	24	and	and	CCONJ
fbem-32326	90	25	the	the	DET
fbem-32326	90	26	ability	ability	NOUN
fbem-32326	90	27	to	to	PART
fbem-32326	90	28	quickly	quickly	ADV
fbem-32326	90	29	adjust	adjust	VERB
fbem-32326	90	30	corporate	corporate	ADJ
fbem-32326	90	31	governance	governance	NOUN
fbem-32326	90	32	strategies	strategy	NOUN
fbem-32326	90	33	to	to	PART
fbem-32326	90	34	meet	meet	VERB
fbem-32326	90	35	transformation	transformation	NOUN
fbem-32326	90	36	needs	need	NOUN
fbem-32326	90	37	.	.	PUNCT
fbem-32326	91	1	table	table	NOUN
fbem-32326	91	2	5	5	NUM
fbem-32326	91	3	,	,	PUNCT
fbem-32326	91	4	columns	column	NOUN
fbem-32326	91	5	(	(	PUNCT
fbem-32326	91	6	3)–(5	3)–(5	NOUN
fbem-32326	91	7	)	)	PUNCT
fbem-32326	91	8	(	(	PUNCT
fbem-32326	91	9	regional	regional	ADJ
fbem-32326	91	10	heterogeneity	heterogeneity	NOUN
fbem-32326	91	11	test	test	NOUN
fbem-32326	91	12	)	)	PUNCT
fbem-32326	91	13	shows	show	VERB
fbem-32326	91	14	that	that	SCONJ
fbem-32326	91	15	the	the	DET
fbem-32326	91	16	industrial	industrial	ADJ
fbem-32326	91	17	internet	internet	NOUN
fbem-32326	91	18	transformation	transformation	NOUN
fbem-32326	91	19	’s	’s	PART
fbem-32326	91	20	corporate	corporate	ADJ
fbem-32326	91	21	governance	governance	NOUN
fbem-32326	91	22	promotion	promotion	NOUN
fbem-32326	91	23	effect	effect	NOUN
fbem-32326	91	24	has	have	VERB
fbem-32326	91	25	a	a	DET
fbem-32326	91	26	significant	significant	ADJ
fbem-32326	91	27	regional	regional	ADJ
fbem-32326	91	28	imbalance	imbalance	NOUN
fbem-32326	91	29	:	:	PUNCT
fbem-32326	91	30	it	it	PRON
fbem-32326	91	31	exerts	exert	VERB
fbem-32326	91	32	a	a	DET
fbem-32326	91	33	significant	significant	ADJ
fbem-32326	91	34	positive	positive	ADJ
fbem-32326	91	35	effect	effect	NOUN
fbem-32326	91	36	on	on	ADP
fbem-32326	91	37	eastern	eastern	ADJ
fbem-32326	91	38	(	(	PUNCT
fbem-32326	91	39	coefficient	coefficient	NOUN
fbem-32326	91	40	0.0511	0.0511	NUM
fbem-32326	91	41	)	)	PUNCT
fbem-32326	91	42	and	and	CCONJ
fbem-32326	91	43	central	central	ADJ
fbem-32326	91	44	region	region	NOUN
fbem-32326	91	45	enterprises	enterprise	NOUN
fbem-32326	91	46	(	(	PUNCT
fbem-32326	91	47	coefficient	coefficient	NOUN
fbem-32326	91	48	0.0467	0.0467	NUM
fbem-32326	91	49	)	)	PUNCT
fbem-32326	91	50	,	,	PUNCT
fbem-32326	91	51	but	but	CCONJ
fbem-32326	91	52	its	its	PRON
fbem-32326	91	53	impact	impact	NOUN
fbem-32326	91	54	on	on	ADP
fbem-32326	91	55	western	western	ADJ
fbem-32326	91	56	region	region	NOUN
fbem-32326	91	57	enterprises	enterprise	NOUN
fbem-32326	91	58	fails	fail	VERB
fbem-32326	91	59	the	the	DET
fbem-32326	91	60	significance	significance	NOUN
fbem-32326	91	61	test	test	NOUN
fbem-32326	91	62	.	.	PUNCT
fbem-32326	92	1	this	this	PRON
fbem-32326	92	2	is	be	AUX
fbem-32326	92	3	because	because	SCONJ
fbem-32326	92	4	the	the	DET
fbem-32326	92	5	western	western	ADJ
fbem-32326	92	6	region	region	NOUN
fbem-32326	92	7	,	,	PUNCT
fbem-32326	92	8	limited	limit	VERB
fbem-32326	92	9	by	by	ADP
fbem-32326	92	10	economic	economic	ADJ
fbem-32326	92	11	development	development	NOUN
fbem-32326	92	12	,	,	PUNCT
fbem-32326	92	13	can	can	AUX
fbem-32326	92	14	not	not	PART
fbem-32326	92	15	provide	provide	VERB
fbem-32326	92	16	sufficient	sufficient	ADJ
fbem-32326	92	17	funds	fund	NOUN
fbem-32326	92	18	and	and	CCONJ
fbem-32326	92	19	talents	talent	NOUN
fbem-32326	92	20	for	for	ADP
fbem-32326	92	21	internet	internet	NOUN
fbem-32326	92	22	transformation	transformation	NOUN
fbem-32326	92	23	,	,	PUNCT
fbem-32326	92	24	with	with	ADP
fbem-32326	92	25	relatively	relatively	ADV
fbem-32326	92	26	backward	backward	ADJ
fbem-32326	92	27	digital	digital	ADJ
fbem-32326	92	28	infrastructure	infrastructure	NOUN
fbem-32326	92	29	;	;	PUNCT
fbem-32326	92	30	in	in	ADP
fbem-32326	92	31	contrast	contrast	NOUN
fbem-32326	92	32	,	,	PUNCT
fbem-32326	92	33	the	the	DET
fbem-32326	92	34	eastern	eastern	ADJ
fbem-32326	92	35	and	and	CCONJ
fbem-32326	92	36	central	central	ADJ
fbem-32326	92	37	regions	region	NOUN
fbem-32326	92	38	have	have	VERB
fbem-32326	92	39	more	more	ADV
fbem-32326	92	40	developed	develop	VERB
fbem-32326	92	41	digital	digital	ADJ
fbem-32326	92	42	infrastructure	infrastructure	NOUN
fbem-32326	92	43	and	and	CCONJ
fbem-32326	92	44	,	,	PUNCT
fbem-32326	92	45	coupled	couple	VERB
fbem-32326	92	46	with	with	ADP
fbem-32326	92	47	national	national	ADJ
fbem-32326	92	48	policy	policy	NOUN
fbem-32326	92	49	support	support	NOUN
fbem-32326	92	50	,	,	PUNCT
fbem-32326	92	51	show	show	VERB
fbem-32326	92	52	a	a	DET
fbem-32326	92	53	more	more	ADV
fbem-32326	92	54	prominent	prominent	ADJ
fbem-32326	92	55	corporate	corporate	ADJ
fbem-32326	92	56	governance	governance	NOUN
fbem-32326	92	57	improvement	improvement	NOUN
fbem-32326	92	58	effect	effect	NOUN
fbem-32326	92	59	.	.	PUNCT
fbem-32326	93	1	48	48	NUM
fbem-32326	93	2	table	table	NOUN
fbem-32326	93	3	5	5	NUM
fbem-32326	93	4	.	.	PUNCT
fbem-32326	93	5	results	result	NOUN
fbem-32326	93	6	of	of	ADP
fbem-32326	93	7	heterogeneity	heterogeneity	NOUN
fbem-32326	93	8	test	test	NOUN
fbem-32326	93	9	(	(	PUNCT
fbem-32326	93	10	1	1	NUM
fbem-32326	93	11	)	)	PUNCT
fbem-32326	93	12	(	(	PUNCT
fbem-32326	93	13	2	2	NUM
fbem-32326	93	14	)	)	PUNCT
fbem-32326	93	15	(	(	PUNCT
fbem-32326	93	16	3	3	X
fbem-32326	93	17	)	)	PUNCT
fbem-32326	93	18	(	(	PUNCT
fbem-32326	93	19	4	4	NUM
fbem-32326	93	20	)	)	PUNCT
fbem-32326	93	21	(	(	PUNCT
fbem-32326	93	22	5	5	X
fbem-32326	93	23	)	)	PUNCT
fbem-32326	93	24	corpgov	corpgov	ADJ
fbem-32326	93	25	corpgov	corpgov	ADJ
fbem-32326	93	26	corpgov	corpgov	ADJ
fbem-32326	93	27	corpgov	corpgov	ADJ
fbem-32326	93	28	corpgov	corpgov	NOUN
fbem-32326	93	29	iit	iit	PROPN
fbem-32326	93	30	0.0327	0.0327	NUM
fbem-32326	93	31	*	*	PUNCT
fbem-32326	93	32	*	*	PUNCT
fbem-32326	93	33	0.0141	0.0141	NUM
fbem-32326	93	34	0.0110	0.0110	NUM
fbem-32326	93	35	0.0511	0.0511	NUM
fbem-32326	93	36	*	*	PUNCT
fbem-32326	93	37	*	*	PUNCT
fbem-32326	93	38	*	*	PUNCT
fbem-32326	93	39	0.0467	0.0467	NUM
fbem-32326	93	40	*	*	SYM
fbem-32326	93	41	(	(	PUNCT
fbem-32326	93	42	2.516	2.516	NUM
fbem-32326	93	43	)	)	PUNCT
fbem-32326	93	44	(	(	PUNCT
fbem-32326	93	45	1.210	1.210	NUM
fbem-32326	93	46	)	)	PUNCT
fbem-32326	93	47	(	(	PUNCT
fbem-32326	93	48	0.287	0.287	NUM
fbem-32326	93	49	)	)	PUNCT
fbem-32326	93	50	(	(	PUNCT
fbem-32326	93	51	3.794	3.794	NUM
fbem-32326	93	52	)	)	PUNCT
fbem-32326	93	53	(	(	PUNCT
fbem-32326	93	54	1.780	1.780	NUM
fbem-32326	93	55	)	)	PUNCT
fbem-32326	93	56	size	size	NOUN
fbem-32326	93	57	-0.1967	-0.1967	NOUN
fbem-32326	93	58	*	*	PUNCT
fbem-32326	93	59	*	*	PUNCT
fbem-32326	93	60	*	*	PUNCT
fbem-32326	93	61	-0.0073	-0.0073	NOUN
fbem-32326	93	62	-0.1337	-0.1337	NOUN
fbem-32326	93	63	*	*	PUNCT
fbem-32326	93	64	*	*	PUNCT
fbem-32326	93	65	*	*	PUNCT
fbem-32326	93	66	-0.2054	-0.2054	PUNCT
fbem-32326	93	67	*	*	PUNCT
fbem-32326	93	68	*	*	PUNCT
fbem-32326	93	69	*	*	PUNCT
fbem-32326	93	70	-0.1871	-0.1871	PUNCT
fbem-32326	93	71	*	*	PUNCT
fbem-32326	93	72	*	*	PUNCT
fbem-32326	93	73	*	*	PUNCT
fbem-32326	93	74	(	(	PUNCT
fbem-32326	93	75	-11.241	-11.241	PROPN
fbem-32326	93	76	)	)	PUNCT
fbem-32326	93	77	(	(	PUNCT
fbem-32326	93	78	-0.608	-0.608	ADJ
fbem-32326	93	79	)	)	PUNCT
fbem-32326	93	80	(	(	PUNCT
fbem-32326	93	81	-4.090	-4.090	NOUN
fbem-32326	93	82	)	)	PUNCT
fbem-32326	93	83	(	(	PUNCT
fbem-32326	93	84	-12.540	-12.540	PROPN
fbem-32326	93	85	)	)	PUNCT
fbem-32326	93	86	(	(	PUNCT
fbem-32326	93	87	-5.688	-5.688	X
fbem-32326	93	88	)	)	PUNCT
fbem-32326	93	89	lev	lev	NOUN
fbem-32326	93	90	-0.2610	-0.2610	PROPN
fbem-32326	93	91	*	*	PROPN
fbem-32326	93	92	*	*	PUNCT
fbem-32326	93	93	-0.1359	-0.1359	X
fbem-32326	93	94	*	*	PUNCT
fbem-32326	93	95	-0.4300	-0.4300	X
fbem-32326	93	96	*	*	PUNCT
fbem-32326	93	97	-0.3286	-0.3286	ADJ
fbem-32326	93	98	*	*	PUNCT
fbem-32326	93	99	*	*	PUNCT
fbem-32326	93	100	*	*	PUNCT
fbem-32326	93	101	-0.5584	-0.5584	NOUN
fbem-32326	93	102	*	*	PUNCT
fbem-32326	93	103	*	*	PUNCT
fbem-32326	93	104	*	*	PUNCT
fbem-32326	93	105	(	(	PUNCT
fbem-32326	93	106	-2.532	-2.532	NOUN
fbem-32326	93	107	)	)	PUNCT
fbem-32326	93	108	(	(	PUNCT
fbem-32326	93	109	-1.715	-1.715	NOUN
fbem-32326	93	110	)	)	PUNCT
fbem-32326	93	111	(	(	PUNCT
fbem-32326	93	112	-1.846	-1.846	NOUN
fbem-32326	93	113	)	)	PUNCT
fbem-32326	93	114	(	(	PUNCT
fbem-32326	93	115	-3.144	-3.144	NUM
fbem-32326	93	116	)	)	PUNCT
fbem-32326	93	117	(	(	PUNCT
fbem-32326	93	118	-3.055	-3.055	NOUN
fbem-32326	93	119	)	)	PUNCT
fbem-32326	93	120	cashflow	cashflow	VERB
fbem-32326	93	121	0.2189	0.2189	NUM
fbem-32326	93	122	0.0739	0.0739	NUM
fbem-32326	93	123	0.4254	0.4254	NUM
fbem-32326	93	124	0.2395	0.2395	NUM
fbem-32326	93	125	0.8323	0.8323	NUM
fbem-32326	93	126	*	*	PUNCT
fbem-32326	93	127	*	*	PUNCT
fbem-32326	93	128	(	(	PUNCT
fbem-32326	93	129	1.099	1.099	NUM
fbem-32326	93	130	)	)	PUNCT
fbem-32326	93	131	(	(	PUNCT
fbem-32326	93	132	0.422	0.422	NUM
fbem-32326	93	133	)	)	PUNCT
fbem-32326	93	134	(	(	PUNCT
fbem-32326	93	135	1.000	1.000	NUM
fbem-32326	93	136	)	)	PUNCT
fbem-32326	93	137	(	(	PUNCT
fbem-32326	93	138	1.151	1.151	NUM
fbem-32326	93	139	)	)	PUNCT
fbem-32326	93	140	(	(	PUNCT
fbem-32326	93	141	2.279	2.279	NUM
fbem-32326	93	142	)	)	PUNCT
fbem-32326	93	143	growth	growth	NOUN
fbem-32326	93	144	0.2445	0.2445	NUM
fbem-32326	93	145	*	*	PUNCT
fbem-32326	93	146	*	*	PUNCT
fbem-32326	93	147	*	*	X
fbem-32326	93	148	0.0046	0.0046	NUM
fbem-32326	93	149	0.2895	0.2895	NUM
fbem-32326	93	150	*	*	PUNCT
fbem-32326	93	151	*	*	PUNCT
fbem-32326	93	152	*	*	PUNCT
fbem-32326	93	153	0.2651	0.2651	PUNCT
fbem-32326	93	154	*	*	PUNCT
fbem-32326	93	155	*	*	PUNCT
fbem-32326	93	156	*	*	PUNCT
fbem-32326	93	157	0.2722	0.2722	NUM
fbem-32326	93	158	*	*	PUNCT
fbem-32326	93	159	*	*	PUNCT
fbem-32326	93	160	*	*	PUNCT
fbem-32326	93	161	(	(	PUNCT
fbem-32326	93	162	8.871	8.871	NUM
fbem-32326	93	163	)	)	PUNCT
fbem-32326	93	164	(	(	PUNCT
fbem-32326	93	165	0.197	0.197	NUM
fbem-32326	93	166	)	)	PUNCT
fbem-32326	93	167	(	(	PUNCT
fbem-32326	93	168	3.536	3.536	NUM
fbem-32326	93	169	)	)	PUNCT
fbem-32326	93	170	(	(	PUNCT
fbem-32326	93	171	9.386	9.386	NUM
fbem-32326	93	172	)	)	PUNCT
fbem-32326	93	173	(	(	PUNCT
fbem-32326	93	174	4.728	4.728	NUM
fbem-32326	93	175	)	)	PUNCT
fbem-32326	93	176	board	board	NOUN
fbem-32326	93	177	-2.0275	-2.0275	NOUN
fbem-32326	93	178	*	*	PROPN
fbem-32326	93	179	*	*	PUNCT
fbem-32326	93	180	*	*	PUNCT
fbem-32326	93	181	-1.9446	-1.9446	NOUN
fbem-32326	93	182	*	*	PUNCT
fbem-32326	93	183	*	*	PUNCT
fbem-32326	93	184	*	*	NOUN
fbem-32326	93	185	-2.0515	-2.0515	X
fbem-32326	93	186	*	*	PUNCT
fbem-32326	93	187	*	*	PUNCT
fbem-32326	93	188	*	*	PUNCT
fbem-32326	93	189	-2.2649	-2.2649	PROPN
fbem-32326	94	1	*	*	PUNCT
fbem-32326	94	2	*	*	PUNCT
fbem-32326	94	3	*	*	NOUN
fbem-32326	94	4	-2.1546	-2.1546	ADJ
fbem-32326	95	1	*	*	PUNCT
fbem-32326	95	2	*	*	PUNCT
fbem-32326	95	3	*	*	PUNCT
fbem-32326	95	4	(	(	PUNCT
fbem-32326	95	5	-22.154	-22.154	PROPN
fbem-32326	95	6	)	)	PUNCT
fbem-32326	95	7	(	(	PUNCT
fbem-32326	95	8	-23.105	-23.105	PROPN
fbem-32326	95	9	)	)	PUNCT
fbem-32326	95	10	(	(	PUNCT
fbem-32326	95	11	-9.833	-9.833	X
fbem-32326	95	12	)	)	PUNCT
fbem-32326	95	13	(	(	PUNCT
fbem-32326	95	14	-24.049	-24.049	INTJ
fbem-32326	95	15	)	)	PUNCT
fbem-32326	95	16	(	(	PUNCT
fbem-32326	95	17	-11.494	-11.494	NOUN
fbem-32326	96	1	)	)	PUNCT
fbem-32326	96	2	_	_	NOUN
fbem-32326	96	3	cons	con	NOUN
fbem-32326	96	4	8.8339	8.8339	NUM
fbem-32326	96	5	*	*	PUNCT
fbem-32326	96	6	*	*	PUNCT
fbem-32326	96	7	*	*	PUNCT
fbem-32326	96	8	3.7651	3.7651	NUM
fbem-32326	96	9	*	*	PUNCT
fbem-32326	96	10	*	*	PUNCT
fbem-32326	96	11	*	*	PUNCT
fbem-32326	97	1	7.1816	7.1816	NUM
fbem-32326	97	2	*	*	PUNCT
fbem-32326	97	3	*	*	PUNCT
fbem-32326	97	4	*	*	PUNCT
fbem-32326	97	5	9.4295	9.4295	NUM
fbem-32326	97	6	*	*	PUNCT
fbem-32326	97	7	*	*	PUNCT
fbem-32326	97	8	*	*	PUNCT
fbem-32326	97	9	8.6900	8.6900	NUM
fbem-32326	97	10	*	*	PUNCT
fbem-32326	97	11	*	*	PUNCT
fbem-32326	97	12	*	*	PUNCT
fbem-32326	97	13	(	(	PUNCT
fbem-32326	97	14	23.332	23.332	NUM
fbem-32326	97	15	)	)	PUNCT
fbem-32326	97	16	(	(	PUNCT
fbem-32326	97	17	13.062	13.062	NUM
fbem-32326	97	18	)	)	PUNCT
fbem-32326	97	19	(	(	PUNCT
fbem-32326	97	20	10.428	10.428	NUM
fbem-32326	97	21	)	)	PUNCT
fbem-32326	97	22	(	(	PUNCT
fbem-32326	97	23	26.959	26.959	NUM
fbem-32326	97	24	)	)	PUNCT
fbem-32326	97	25	(	(	PUNCT
fbem-32326	97	26	11.643	11.643	NUM
fbem-32326	97	27	)	)	PUNCT
fbem-32326	97	28	n	n	CCONJ
fbem-32326	97	29	11433	11433	NUM
fbem-32326	97	30	3420	3420	NUM
fbem-32326	97	31	1611	1611	NUM
fbem-32326	97	32	10743	10743	NUM
fbem-32326	97	33	2412	2412	NUM
fbem-32326	97	34	ar2	ar2	PROPN
fbem-32326	97	35	0.2648	0.2648	NUM
fbem-32326	97	36	0.4514	0.4514	NUM
fbem-32326	97	37	0.3424	0.3424	NUM
fbem-32326	97	38	0.3307	0.3307	NUM
fbem-32326	97	39	0.3899	0.3899	NUM
fbem-32326	97	40	year	year	NOUN
fbem-32326	98	1	yes	yes	INTJ
fbem-32326	98	2	yes	yes	INTJ
fbem-32326	99	1	yes	yes	INTJ
fbem-32326	100	1	yes	yes	INTJ
fbem-32326	101	1	yes	yes	INTJ
fbem-32326	101	2	5	5	NUM
fbem-32326	101	3	.	.	PUNCT
fbem-32326	101	4	conclusions	conclusion	NOUN
fbem-32326	101	5	and	and	CCONJ
fbem-32326	101	6	recommendations	recommendation	NOUN
fbem-32326	101	7	this	this	DET
fbem-32326	101	8	study	study	NOUN
fbem-32326	101	9	uses	use	VERB
fbem-32326	101	10	chinese	chinese	ADJ
fbem-32326	101	11	a	a	DET
fbem-32326	101	12	-	-	PUNCT
fbem-32326	101	13	share	share	NOUN
fbem-32326	101	14	listed	list	VERB
fbem-32326	101	15	manufacturing	manufacturing	NOUN
fbem-32326	101	16	enterprises	enterprise	NOUN
fbem-32326	101	17	on	on	ADP
fbem-32326	101	18	the	the	DET
fbem-32326	101	19	shanghai	shanghai	PROPN
fbem-32326	101	20	and	and	CCONJ
fbem-32326	101	21	shenzhen	shenzhen	PROPN
fbem-32326	101	22	stock	stock	PROPN
fbem-32326	101	23	exchanges	exchange	NOUN
fbem-32326	101	24	from	from	ADP
fbem-32326	101	25	2015	2015	NUM
fbem-32326	101	26	to	to	ADP
fbem-32326	101	27	2024	2024	NUM
fbem-32326	101	28	as	as	SCONJ
fbem-32326	101	29	samples	sample	NOUN
fbem-32326	101	30	to	to	PART
fbem-32326	101	31	empirically	empirically	ADV
fbem-32326	101	32	test	test	VERB
fbem-32326	101	33	the	the	DET
fbem-32326	101	34	driving	drive	VERB
fbem-32326	101	35	effect	effect	NOUN
fbem-32326	101	36	and	and	CCONJ
fbem-32326	101	37	mechanisms	mechanism	NOUN
fbem-32326	101	38	of	of	ADP
fbem-32326	101	39	industrial	industrial	ADJ
fbem-32326	101	40	internet	internet	NOUN
fbem-32326	101	41	transformation	transformation	NOUN
fbem-32326	101	42	on	on	ADP
fbem-32326	101	43	corporate	corporate	ADJ
fbem-32326	101	44	governance	governance	NOUN
fbem-32326	101	45	,	,	PUNCT
fbem-32326	101	46	and	and	CCONJ
fbem-32326	101	47	draws	draw	VERB
fbem-32326	101	48	the	the	DET
fbem-32326	101	49	following	follow	VERB
fbem-32326	101	50	key	key	ADJ
fbem-32326	101	51	conclusions	conclusion	NOUN
fbem-32326	101	52	:	:	PUNCT
fbem-32326	101	53	(	(	PUNCT
fbem-32326	101	54	1	1	X
fbem-32326	101	55	)	)	PUNCT
fbem-32326	101	56	industrial	industrial	ADJ
fbem-32326	101	57	internet	internet	NOUN
fbem-32326	101	58	transformation	transformation	NOUN
fbem-32326	101	59	positively	positively	ADV
fbem-32326	101	60	impacts	impact	VERB
fbem-32326	101	61	corporate	corporate	ADJ
fbem-32326	101	62	governance	governance	NOUN
fbem-32326	101	63	significantly	significantly	ADV
fbem-32326	101	64	,	,	PUNCT
fbem-32326	101	65	mainly	mainly	ADV
fbem-32326	101	66	by	by	ADP
fbem-32326	101	67	optimizing	optimize	VERB
fbem-32326	101	68	manufacturing	manufacturing	NOUN
fbem-32326	101	69	enterprises	enterprise	NOUN
fbem-32326	101	70	’	'	PUNCT
fbem-32326	101	71	internal	internal	ADJ
fbem-32326	101	72	control	control	NOUN
fbem-32326	101	73	quality	quality	NOUN
fbem-32326	101	74	and	and	CCONJ
fbem-32326	101	75	executive	executive	ADJ
fbem-32326	101	76	incentives	incentive	NOUN
fbem-32326	101	77	to	to	PART
fbem-32326	101	78	further	far	ADV
fbem-32326	101	79	drive	drive	VERB
fbem-32326	101	80	governance	governance	NOUN
fbem-32326	101	81	improvements	improvement	NOUN
fbem-32326	101	82	;	;	PUNCT
fbem-32326	101	83	(	(	PUNCT
fbem-32326	101	84	2	2	X
fbem-32326	101	85	)	)	PUNCT
fbem-32326	101	86	property	property	NOUN
fbem-32326	101	87	rights	right	NOUN
fbem-32326	101	88	heterogeneity	heterogeneity	NOUN
fbem-32326	101	89	analysis	analysis	NOUN
fbem-32326	101	90	shows	show	VERB
fbem-32326	101	91	private	private	ADJ
fbem-32326	101	92	manufacturing	manufacturing	NOUN
fbem-32326	101	93	enterprises	enterprise	NOUN
fbem-32326	101	94	gain	gain	VERB
fbem-32326	101	95	more	more	ADV
fbem-32326	101	96	significant	significant	ADJ
fbem-32326	101	97	corporate	corporate	ADJ
fbem-32326	101	98	governance	governance	NOUN
fbem-32326	101	99	enhancement	enhancement	NOUN
fbem-32326	101	100	from	from	ADP
fbem-32326	101	101	internet	internet	NOUN
fbem-32326	101	102	transformation	transformation	NOUN
fbem-32326	101	103	than	than	ADP
fbem-32326	101	104	state	state	NOUN
fbem-32326	101	105	-	-	PUNCT
fbem-32326	101	106	owned	own	VERB
fbem-32326	101	107	ones	one	NOUN
fbem-32326	101	108	;	;	PUNCT
fbem-32326	101	109	(	(	PUNCT
fbem-32326	101	110	3	3	X
fbem-32326	101	111	)	)	PUNCT
fbem-32326	101	112	regional	regional	ADJ
fbem-32326	101	113	heterogeneity	heterogeneity	NOUN
fbem-32326	101	114	analysis	analysis	NOUN
fbem-32326	101	115	indicates	indicate	VERB
fbem-32326	101	116	eastern	eastern	ADJ
fbem-32326	101	117	and	and	CCONJ
fbem-32326	101	118	central	central	ADJ
fbem-32326	101	119	regions	region	NOUN
fbem-32326	101	120	,	,	PUNCT
fbem-32326	101	121	with	with	ADP
fbem-32326	101	122	advantages	advantage	NOUN
fbem-32326	101	123	,	,	PUNCT
fbem-32326	101	124	can	can	AUX
fbem-32326	101	125	effectively	effectively	ADV
fbem-32326	101	126	improve	improve	VERB
fbem-32326	101	127	corporate	corporate	ADJ
fbem-32326	101	128	governance	governance	NOUN
fbem-32326	101	129	,	,	PUNCT
fbem-32326	101	130	unlike	unlike	ADP
fbem-32326	101	131	western	western	ADJ
fbem-32326	101	132	regions	region	NOUN
fbem-32326	101	133	with	with	ADP
fbem-32326	101	134	less	less	ADJ
fbem-32326	101	135	developed	developed	ADJ
fbem-32326	101	136	infrastructure	infrastructure	NOUN
fbem-32326	101	137	.	.	PUNCT
fbem-32326	102	1	based	base	VERB
fbem-32326	102	2	on	on	ADP
fbem-32326	102	3	the	the	DET
fbem-32326	102	4	above	above	ADJ
fbem-32326	102	5	research	research	NOUN
fbem-32326	102	6	conclusions	conclusion	NOUN
fbem-32326	102	7	,	,	PUNCT
fbem-32326	102	8	this	this	DET
fbem-32326	102	9	paper	paper	NOUN
fbem-32326	102	10	proposes	propose	VERB
fbem-32326	102	11	the	the	DET
fbem-32326	102	12	following	follow	VERB
fbem-32326	102	13	recommendations	recommendation	NOUN
fbem-32326	102	14	:	:	PUNCT
fbem-32326	102	15	(	(	PUNCT
fbem-32326	102	16	1	1	X
fbem-32326	102	17	)	)	PUNCT
fbem-32326	102	18	continue	continue	VERB
fbem-32326	102	19	to	to	PART
fbem-32326	102	20	improve	improve	VERB
fbem-32326	102	21	industrial	industrial	ADJ
fbem-32326	102	22	internet	internet	NOUN
fbem-32326	102	23	infrastructure	infrastructure	NOUN
fbem-32326	102	24	,	,	PUNCT
fbem-32326	102	25	increase	increase	VERB
fbem-32326	102	26	investment	investment	NOUN
fbem-32326	102	27	in	in	ADP
fbem-32326	102	28	base	base	NOUN
fbem-32326	102	29	stations	station	NOUN
fbem-32326	102	30	and	and	CCONJ
fbem-32326	102	31	other	other	ADJ
fbem-32326	102	32	facilities	facility	NOUN
fbem-32326	102	33	in	in	ADP
fbem-32326	102	34	regions	region	NOUN
fbem-32326	102	35	with	with	ADP
fbem-32326	102	36	weak	weak	ADJ
fbem-32326	102	37	digital	digital	ADJ
fbem-32326	102	38	infrastructure	infrastructure	NOUN
fbem-32326	102	39	to	to	PART
fbem-32326	102	40	reduce	reduce	VERB
fbem-32326	102	41	the	the	DET
fbem-32326	102	42	cost	cost	NOUN
fbem-32326	102	43	of	of	ADP
fbem-32326	102	44	enterprise	enterprise	NOUN
fbem-32326	102	45	internet	internet	NOUN
fbem-32326	102	46	transformation	transformation	NOUN
fbem-32326	102	47	,	,	PUNCT
fbem-32326	102	48	especially	especially	ADV
fbem-32326	102	49	supporting	support	VERB
fbem-32326	102	50	state	state	NOUN
fbem-32326	102	51	-	-	PUNCT
fbem-32326	102	52	owned	own	VERB
fbem-32326	102	53	enterprises	enterprise	NOUN
fbem-32326	102	54	and	and	CCONJ
fbem-32326	102	55	enterprises	enterprise	NOUN
fbem-32326	102	56	in	in	ADP
fbem-32326	102	57	western	western	ADJ
fbem-32326	102	58	regions	region	NOUN
fbem-32326	102	59	,	,	PUNCT
fbem-32326	102	60	promoting	promote	VERB
fbem-32326	102	61	a	a	DET
fbem-32326	102	62	more	more	ADV
fbem-32326	102	63	inclusive	inclusive	ADJ
fbem-32326	102	64	improvement	improvement	NOUN
fbem-32326	102	65	of	of	ADP
fbem-32326	102	66	corporate	corporate	ADJ
fbem-32326	102	67	governance	governance	NOUN
fbem-32326	102	68	.	.	PUNCT
fbem-32326	103	1	(	(	PUNCT
fbem-32326	103	2	2	2	X
fbem-32326	103	3	)	)	PUNCT
fbem-32326	103	4	fully	fully	ADV
fbem-32326	103	5	utilize	utilize	VERB
fbem-32326	103	6	the	the	DET
fbem-32326	103	7	characteristics	characteristic	NOUN
fbem-32326	103	8	of	of	ADP
fbem-32326	103	9	industrial	industrial	ADJ
fbem-32326	103	10	internet	internet	NOUN
fbem-32326	103	11	technology	technology	NOUN
fbem-32326	103	12	to	to	PART
fbem-32326	103	13	integrate	integrate	VERB
fbem-32326	103	14	all	all	DET
fbem-32326	103	15	enterprise	enterprise	NOUN
fbem-32326	103	16	processes	process	NOUN
fbem-32326	103	17	and	and	CCONJ
fbem-32326	103	18	decisionmaking	decisionmake	VERB
fbem-32326	103	19	mechanisms	mechanism	NOUN
fbem-32326	103	20	into	into	ADP
fbem-32326	103	21	the	the	DET
fbem-32326	103	22	information	information	NOUN
fbem-32326	103	23	management	management	NOUN
fbem-32326	103	24	framework	framework	NOUN
fbem-32326	103	25	,	,	PUNCT
fbem-32326	103	26	and	and	CCONJ
fbem-32326	103	27	build	build	VERB
fbem-32326	103	28	an	an	DET
fbem-32326	103	29	internal	internal	ADJ
fbem-32326	103	30	control	control	NOUN
fbem-32326	103	31	system	system	NOUN
fbem-32326	103	32	compatible	compatible	ADJ
fbem-32326	103	33	with	with	ADP
fbem-32326	103	34	modern	modern	ADJ
fbem-32326	103	35	technological	technological	ADJ
fbem-32326	103	36	architecture	architecture	NOUN
fbem-32326	103	37	,	,	PUNCT
fbem-32326	103	38	thereby	thereby	ADV
fbem-32326	103	39	strengthening	strengthen	VERB
fbem-32326	103	40	the	the	DET
fbem-32326	103	41	foundation	foundation	NOUN
fbem-32326	103	42	for	for	ADP
fbem-32326	103	43	enterprise	enterprise	NOUN
fbem-32326	103	44	transformation	transformation	NOUN
fbem-32326	103	45	.	.	PUNCT
fbem-32326	104	1	acknowledgements	acknowledgement	NOUN
fbem-32326	104	2	this	this	DET
fbem-32326	104	3	study	study	NOUN
fbem-32326	104	4	was	be	AUX
fbem-32326	104	5	supported	support	VERB
fbem-32326	104	6	by	by	ADP
fbem-32326	104	7	the	the	DET
fbem-32326	104	8	chongqing	chongqing	ADJ
fbem-32326	104	9	social	social	ADJ
fbem-32326	104	10	science	science	PROPN
fbem-32326	104	11	planning	planning	NOUN
fbem-32326	104	12	fund	fund	NOUN
fbem-32326	104	13	(	(	PUNCT
fbem-32326	104	14	2020ybgl76	2020ybgl76	NUM
fbem-32326	104	15	)	)	PUNCT
fbem-32326	104	16	,	,	PUNCT
fbem-32326	104	17	chongqing	chongqe	VERB
fbem-32326	104	18	education	education	NOUN
fbem-32326	104	19	science	science	NOUN
fbem-32326	104	20	planning	planning	NOUN
fbem-32326	104	21	project	project	NOUN
fbem-32326	104	22	(	(	PUNCT
fbem-32326	104	23	k23yy2080011	k23yy2080011	PROPN
fbem-32326	104	24	)	)	PUNCT
fbem-32326	104	25	,	,	PUNCT
fbem-32326	104	26	and	and	CCONJ
fbem-32326	104	27	chongqing	chongqe	VERB
fbem-32326	104	28	higher	high	ADJ
fbem-32326	104	29	education	education	NOUN
fbem-32326	104	30	teaching	teach	VERB
fbem-32326	104	31	reform	reform	NOUN
fbem-32326	104	32	research	research	NOUN
fbem-32326	104	33	project	project	NOUN
fbem-32326	104	34	(	(	PUNCT
fbem-32326	104	35	233272	233272	NUM
fbem-32326	104	36	)	)	PUNCT
fbem-32326	104	37	.	.	PUNCT
fbem-32326	105	1	references	reference	NOUN
fbem-32326	105	2	[	[	X
fbem-32326	105	3	1	1	NUM
fbem-32326	105	4	]	]	PUNCT
fbem-32326	105	5	a.	a.	NOUN
fbem-32326	105	6	goldfarb	goldfarb	PROPN
fbem-32326	105	7	,	,	PUNCT
fbem-32326	105	8	c.	c.	PROPN
fbem-32326	105	9	tucker	tucker	PROPN
fbem-32326	105	10	:	:	PUNCT
fbem-32326	105	11	digital	digital	ADJ
fbem-32326	105	12	economics	economic	NOUN
fbem-32326	106	1	[	[	X
fbem-32326	106	2	j	j	X
fbem-32326	106	3	]	]	X
fbem-32326	106	4	.	.	PUNCT
fbem-32326	107	1	journal	journal	PROPN
fbem-32326	107	2	of	of	ADP
fbem-32326	107	3	economic	economic	ADJ
fbem-32326	107	4	literature	literature	NOUN
fbem-32326	107	5	,	,	PUNCT
fbem-32326	107	6	2019	2019	NUM
fbem-32326	107	7	,	,	PUNCT
fbem-32326	107	8	57(1	57(1	NUM
fbem-32326	107	9	)	)	PUNCT
fbem-32326	107	10	,	,	PUNCT
fbem-32326	107	11	p.3	p.3	X
fbem-32326	107	12	-	-	PUNCT
fbem-32326	107	13	43	43	NUM
fbem-32326	107	14	.	.	PUNCT
fbem-32326	108	1	[	[	X
fbem-32326	108	2	2	2	X
fbem-32326	108	3	]	]	PUNCT
fbem-32326	108	4	t.	t.	PROPN
fbem-32326	108	5	zhang	zhang	PROPN
fbem-32326	108	6	,	,	PUNCT
fbem-32326	108	7	z.z	z.z	PROPN
fbem-32326	108	8	.	.	PROPN
fbem-32326	108	9	shi	shi	PROPN
fbem-32326	108	10	,	,	PUNCT
fbem-32326	108	11	y.r	y.r	PROPN
fbem-32326	108	12	.	.	PROPN
fbem-32326	108	13	shi	shi	PROPN
fbem-32326	108	14	,	,	PUNCT
fbem-32326	108	15	n.j	n.j	PROPN
fbem-32326	108	16	.	.	PROPN
fbem-32326	108	17	chen	chen	PROPN
fbem-32326	108	18	:	:	PUNCT
fbem-32326	108	19	enterprise	enterprise	NOUN
fbem-32326	108	20	digital	digital	ADJ
fbem-32326	108	21	transformation	transformation	NOUN
fbem-32326	108	22	and	and	CCONJ
fbem-32326	108	23	production	production	NOUN
fbem-32326	108	24	efficiency	efficiency	NOUN
fbem-32326	108	25	:	:	PUNCT
fbem-32326	108	26	mechanism	mechanism	NOUN
fbem-32326	108	27	analysis	analysis	NOUN
fbem-32326	108	28	and	and	CCONJ
fbem-32326	108	29	empirical	empirical	ADJ
fbem-32326	108	30	research	research	NOUN
fbem-32326	109	1	[	[	X
fbem-32326	109	2	j	j	X
fbem-32326	109	3	]	]	X
fbem-32326	109	4	.	.	PUNCT
fbem-32326	110	1	economic	economic	ADJ
fbem-32326	110	2	researchekonomska	researchekonomska	NOUN
fbem-32326	110	3	istraživanja	istraživanja	NOUN
fbem-32326	110	4	,	,	PUNCT
fbem-32326	110	5	2022	2022	NUM
fbem-32326	110	6	,	,	PUNCT
fbem-32326	110	7	35(1	35(1	NUM
fbem-32326	110	8	)	)	PUNCT
fbem-32326	110	9	,	,	PUNCT
fbem-32326	110	10	p.2781	p.2781	NOUN
fbem-32326	110	11	-	-	PUNCT
fbem-32326	110	12	2792	2792	NUM
fbem-32326	110	13	.	.	PUNCT
fbem-32326	111	1	[	[	X
fbem-32326	111	2	3	3	X
fbem-32326	111	3	]	]	X
fbem-32326	111	4	x.b	x.b	PROPN
fbem-32326	111	5	.	.	PROPN
fbem-32326	111	6	fang	fang	PROPN
fbem-32326	111	7	,	,	PUNCT
fbem-32326	111	8	m.t	m.t	PROPN
fbem-32326	111	9	.	.	PROPN
fbem-32326	111	10	liu	liu	PROPN
fbem-32326	111	11	:	:	PUNCT
fbem-32326	111	12	how	how	SCONJ
fbem-32326	111	13	does	do	AUX
fbem-32326	111	14	the	the	DET
fbem-32326	111	15	digital	digital	ADJ
fbem-32326	111	16	transformation	transformation	NOUN
fbem-32326	111	17	drive	drive	VERB
fbem-32326	111	18	digital	digital	ADJ
fbem-32326	111	19	technology	technology	NOUN
fbem-32326	111	20	innovation	innovation	NOUN
fbem-32326	111	21	of	of	ADP
fbem-32326	111	22	enterprises	enterprise	NOUN
fbem-32326	111	23	?	?	PUNCT
fbem-32326	112	1	evidence	evidence	NOUN
fbem-32326	112	2	from	from	ADP
fbem-32326	112	3	enterprise	enterprise	NOUN
fbem-32326	112	4	's	's	PART
fbem-32326	112	5	digital	digital	ADJ
fbem-32326	112	6	patents	patent	NOUN
fbem-32326	113	1	[	[	X
fbem-32326	113	2	j	j	X
fbem-32326	113	3	]	]	X
fbem-32326	113	4	.	.	PUNCT
fbem-32326	114	1	technological	technological	ADJ
fbem-32326	114	2	forecasting	forecasting	NOUN
fbem-32326	114	3	and	and	CCONJ
fbem-32326	114	4	social	social	ADJ
fbem-32326	114	5	change	change	NOUN
fbem-32326	114	6	,	,	PUNCT
fbem-32326	114	7	2024	2024	NUM
fbem-32326	114	8	,	,	PUNCT
fbem-32326	114	9	(	(	PUNCT
fbem-32326	114	10	204	204	NUM
fbem-32326	114	11	)	)	PUNCT
fbem-32326	114	12	,	,	PUNCT
fbem-32326	114	13	p.123428	p.123428	VERB
fbem-32326	114	14	.	.	PUNCT
fbem-32326	115	1	[	[	X
fbem-32326	115	2	4	4	X
fbem-32326	115	3	]	]	PUNCT
fbem-32326	115	4	l.	l.	PROPN
fbem-32326	115	5	guo	guo	PROPN
fbem-32326	115	6	,	,	PUNCT
fbem-32326	115	7	l.y	l.y	PROPN
fbem-32326	115	8	.	.	PROPN
fbem-32326	115	9	xu	xu	PROPN
fbem-32326	115	10	:	:	PUNCT
fbem-32326	115	11	the	the	DET
fbem-32326	115	12	effects	effect	NOUN
fbem-32326	115	13	of	of	ADP
fbem-32326	115	14	digital	digital	ADJ
fbem-32326	115	15	transformation	transformation	NOUN
fbem-32326	115	16	on	on	ADP
fbem-32326	115	17	firm	firm	ADJ
fbem-32326	115	18	performance	performance	NOUN
fbem-32326	115	19	:	:	PUNCT
fbem-32326	115	20	evidence	evidence	NOUN
fbem-32326	115	21	from	from	ADP
fbem-32326	115	22	china	china	PROPN
fbem-32326	115	23	’s	’s	PART
fbem-32326	115	24	manufacturing	manufacturing	NOUN
fbem-32326	115	25	sector	sector	NOUN
fbem-32326	116	1	[	[	X
fbem-32326	116	2	j	j	X
fbem-32326	116	3	]	]	X
fbem-32326	116	4	.	.	PUNCT
fbem-32326	117	1	sustainability	sustainability	NOUN
fbem-32326	117	2	,	,	PUNCT
fbem-32326	117	3	2021	2021	NUM
fbem-32326	117	4	,	,	PUNCT
fbem-32326	117	5	13(22	13(22	NUM
fbem-32326	117	6	)	)	PUNCT
fbem-32326	117	7	,	,	PUNCT
fbem-32326	117	8	p.12844	p.12844	ADJ
fbem-32326	117	9	.	.	PUNCT
fbem-32326	118	1	[	[	X
fbem-32326	118	2	5	5	X
fbem-32326	118	3	]	]	PUNCT
fbem-32326	118	4	p.	p.	PROPN
fbem-32326	118	5	yang	yang	PROPN
fbem-32326	118	6	,	,	PUNCT
fbem-32326	118	7	x.	x.	PROPN
fbem-32326	118	8	hao	hao	PROPN
fbem-32326	118	9	,	,	PUNCT
fbem-32326	118	10	l.	l.	PROPN
fbem-32326	118	11	wang	wang	PROPN
fbem-32326	118	12	,	,	PUNCT
fbem-32326	118	13	s.	s.	PROPN
fbem-32326	118	14	zhang	zhang	PROPN
fbem-32326	118	15	,	,	PUNCT
fbem-32326	118	16	l.	l.	PROPN
fbem-32326	118	17	yang	yang	PROPN
fbem-32326	118	18	:	:	PUNCT
fbem-32326	118	19	moving	move	VERB
fbem-32326	118	20	toward	toward	ADP
fbem-32326	118	21	sustainable	sustainable	ADJ
fbem-32326	118	22	development	development	NOUN
fbem-32326	118	23	:	:	PUNCT
fbem-32326	118	24	the	the	DET
fbem-32326	118	25	influence	influence	NOUN
fbem-32326	118	26	of	of	ADP
fbem-32326	118	27	digital	digital	ADJ
fbem-32326	118	28	transformation	transformation	NOUN
fbem-32326	118	29	on	on	ADP
fbem-32326	118	30	corporate	corporate	ADJ
fbem-32326	118	31	esg	esg	NOUN
fbem-32326	118	32	performance	performance	NOUN
fbem-32326	119	1	[	[	X
fbem-32326	119	2	j	j	X
fbem-32326	119	3	]	]	X
fbem-32326	119	4	.	.	PUNCT
fbem-32326	120	1	kybernetes	kybernete	NOUN
fbem-32326	120	2	,	,	PUNCT
fbem-32326	120	3	2024	2024	NUM
fbem-32326	120	4	,	,	PUNCT
fbem-32326	120	5	53(2	53(2	NUM
fbem-32326	120	6	)	)	PUNCT
fbem-32326	120	7	,	,	PUNCT
fbem-32326	120	8	p.669	p.669	NOUN
fbem-32326	120	9	-	-	PUNCT
fbem-32326	120	10	687	687	NUM
fbem-32326	120	11	.	.	PUNCT
fbem-32326	121	1	[	[	X
fbem-32326	121	2	6	6	NUM
fbem-32326	121	3	]	]	X
fbem-32326	121	4	r.y	r.y	PROPN
fbem-32326	121	5	.	.	PROPN
fbem-32326	121	6	chen	chen	PROPN
fbem-32326	121	7	,	,	PUNCT
fbem-32326	121	8	et	et	PROPN
fbem-32326	121	9	al	al	PROPN
fbem-32326	121	10	.	.	PROPN
fbem-32326	121	11	:	:	PUNCT
fbem-32326	121	12	corporate	corporate	ADJ
fbem-32326	121	13	governance	governance	NOUN
fbem-32326	121	14	and	and	CCONJ
fbem-32326	121	15	tax	tax	NOUN
fbem-32326	121	16	avoidance	avoidance	NOUN
fbem-32326	121	17	:	:	PUNCT
fbem-32326	121	18	evidence	evidence	NOUN
fbem-32326	121	19	from	from	ADP
fbem-32326	121	20	us	we	PRON
fbem-32326	121	21	cross	cross	ADJ
fbem-32326	121	22	-	-	ADJ
fbem-32326	121	23	listing	list	VERB
fbem-32326	121	24	[	[	X
fbem-32326	121	25	j	j	X
fbem-32326	121	26	]	]	X
fbem-32326	121	27	.	.	PUNCT
fbem-32326	122	1	the	the	DET
fbem-32326	122	2	accounting	accounting	NOUN
fbem-32326	122	3	review	review	NOUN
fbem-32326	122	4	,	,	PUNCT
fbem-32326	122	5	2022	2022	NUM
fbem-32326	122	6	,	,	PUNCT
fbem-32326	122	7	97(7	97(7	NUM
fbem-32326	122	8	)	)	PUNCT
fbem-32326	122	9	,	,	PUNCT
fbem-32326	122	10	p.49	p.49	NOUN
fbem-32326	122	11	-	-	X
fbem-32326	122	12	78	78	NUM
fbem-32326	122	13	.	.	PUNCT
fbem-32326	123	1	[	[	X
fbem-32326	123	2	7	7	X
fbem-32326	123	3	]	]	X
fbem-32326	123	4	n.f	n.f	PROPN
fbem-32326	123	5	.	.	PROPN
fbem-32326	123	6	carline	carline	PROPN
fbem-32326	123	7	,	,	PUNCT
fbem-32326	123	8	o.	o.	PROPN
fbem-32326	123	9	pryshchepa	pryshchepa	NOUN
fbem-32326	123	10	,	,	PUNCT
fbem-32326	123	11	b.	b.	PROPN
fbem-32326	123	12	wang	wang	PROPN
fbem-32326	123	13	:	:	PUNCT
fbem-32326	123	14	ceo	ceo	NOUN
fbem-32326	123	15	compensation	compensation	NOUN
fbem-32326	123	16	incentives	incentive	NOUN
fbem-32326	123	17	and	and	CCONJ
fbem-32326	123	18	playing	play	VERB
fbem-32326	123	19	it	it	PRON
fbem-32326	123	20	safe	safe	ADJ
fbem-32326	123	21	:	:	PUNCT
fbem-32326	123	22	evidence	evidence	NOUN
fbem-32326	123	23	from	from	ADP
fbem-32326	123	24	fas	fas	PROPN
fbem-32326	123	25	123r	123r	PROPN
fbem-32326	123	26	[	[	X
fbem-32326	123	27	j	j	X
fbem-32326	123	28	]	]	X
fbem-32326	123	29	.	.	PUNCT
fbem-32326	124	1	journal	journal	PROPN
fbem-32326	124	2	of	of	ADP
fbem-32326	124	3	financial	financial	ADJ
fbem-32326	124	4	and	and	CCONJ
fbem-32326	124	5	quantitative	quantitative	ADJ
fbem-32326	124	6	analysis	analysis	NOUN
fbem-32326	124	7	,	,	PUNCT
fbem-32326	124	8	2023	2023	NUM
fbem-32326	124	9	,	,	PUNCT
fbem-32326	124	10	58(7	58(7	NUM
fbem-32326	124	11	)	)	PUNCT
fbem-32326	124	12	,	,	PUNCT
fbem-32326	124	13	p.2993	p.2993	NOUN
fbem-32326	124	14	-	-	SYM
fbem-32326	124	15	3026	3026	NUM
fbem-32326	124	16	.	.	PUNCT