id	sid	tid	token	lemma	pos
fbem-32351	1	1	frontiers	frontier	NOUN
fbem-32351	1	2	in	in	ADP
fbem-32351	1	3	business	business	NOUN
fbem-32351	1	4	,	,	PUNCT
fbem-32351	1	5	economics	economic	NOUN
fbem-32351	1	6	and	and	CCONJ
fbem-32351	1	7	management	management	NOUN
fbem-32351	1	8	issn	issn	PROPN
fbem-32351	1	9	:	:	PUNCT
fbem-32351	1	10	2766	2766	NUM
fbem-32351	1	11	-	-	PUNCT
fbem-32351	1	12	824x	824x	NUM
fbem-32351	1	13	|	|	ADJ
fbem-32351	1	14	vol	vol	NOUN
fbem-32351	1	15	.	.	PROPN
fbem-32351	1	16	21	21	NUM
fbem-32351	1	17	,	,	PUNCT
fbem-32351	1	18	no	no	INTJ
fbem-32351	1	19	.	.	NOUN
fbem-32351	1	20	2	2	NUM
fbem-32351	1	21	,	,	PUNCT
fbem-32351	1	22	2025	2025	NUM
fbem-32351	1	23	111	111	NUM
fbem-32351	1	24	a	a	DET
fbem-32351	1	25	study	study	NOUN
fbem-32351	1	26	on	on	ADP
fbem-32351	1	27	the	the	DET
fbem-32351	1	28	impact	impact	NOUN
fbem-32351	1	29	of	of	ADP
fbem-32351	1	30	accounting	accounting	NOUN
fbem-32351	1	31	information	information	NOUN
fbem-32351	1	32	disclosure	disclosure	NOUN
fbem-32351	1	33	on	on	ADP
fbem-32351	1	34	investors	investor	NOUN
fbem-32351	1	35	'	'	PART
fbem-32351	1	36	decision	decision	NOUN
fbem-32351	1	37	-	-	PUNCT
fbem-32351	1	38	making	make	VERB
fbem-32351	1	39	chang	chang	PROPN
fbem-32351	1	40	qu	qu	PROPN
fbem-32351	1	41	shanghai	shanghai	PROPN
fbem-32351	1	42	publishing	publishing	PROPN
fbem-32351	1	43	and	and	CCONJ
fbem-32351	1	44	printing	printing	NOUN
fbem-32351	1	45	college	college	NOUN
fbem-32351	1	46	,	,	PUNCT
fbem-32351	1	47	shanghai	shanghai	PROPN
fbem-32351	1	48	200093	200093	NUM
fbem-32351	1	49	,	,	PUNCT
fbem-32351	1	50	china	china	PROPN
fbem-32351	1	51	abstract	abstract	NOUN
fbem-32351	1	52	:	:	PUNCT
fbem-32351	1	53	this	this	DET
fbem-32351	1	54	paper	paper	NOUN
fbem-32351	1	55	takes	take	VERB
fbem-32351	1	56	the	the	DET
fbem-32351	1	57	interactive	interactive	ADJ
fbem-32351	1	58	relationship	relationship	NOUN
fbem-32351	1	59	between	between	ADP
fbem-32351	1	60	accounting	account	VERB
fbem-32351	1	61	information	information	NOUN
fbem-32351	1	62	disclosure	disclosure	NOUN
fbem-32351	1	63	and	and	CCONJ
fbem-32351	1	64	investors	investor	NOUN
fbem-32351	1	65	'	'	PART
fbem-32351	1	66	decisionmaking	decisionmake	VERB
fbem-32351	1	67	as	as	ADP
fbem-32351	1	68	the	the	DET
fbem-32351	1	69	core	core	NOUN
fbem-32351	1	70	research	research	NOUN
fbem-32351	1	71	object	object	NOUN
fbem-32351	1	72	.	.	PUNCT
fbem-32351	2	1	it	it	PRON
fbem-32351	2	2	integrates	integrate	VERB
fbem-32351	2	3	agency	agency	NOUN
fbem-32351	2	4	theory	theory	NOUN
fbem-32351	2	5	,	,	PUNCT
fbem-32351	2	6	signal	signal	ADJ
fbem-32351	2	7	transmission	transmission	NOUN
fbem-32351	2	8	theory	theory	NOUN
fbem-32351	2	9	,	,	PUNCT
fbem-32351	2	10	and	and	CCONJ
fbem-32351	2	11	information	information	NOUN
fbem-32351	2	12	asymmetry	asymmetry	NOUN
fbem-32351	2	13	theory	theory	NOUN
fbem-32351	2	14	to	to	PART
fbem-32351	2	15	construct	construct	VERB
fbem-32351	2	16	an	an	DET
fbem-32351	2	17	analytical	analytical	ADJ
fbem-32351	2	18	framework	framework	NOUN
fbem-32351	2	19	,	,	PUNCT
fbem-32351	2	20	and	and	CCONJ
fbem-32351	2	21	analyzes	analyze	VERB
fbem-32351	2	22	the	the	DET
fbem-32351	2	23	impact	impact	NOUN
fbem-32351	2	24	path	path	NOUN
fbem-32351	2	25	from	from	ADP
fbem-32351	2	26	three	three	NUM
fbem-32351	2	27	dimen	diman	NOUN
fbem-32351	2	28	sions	sion	NOUN
fbem-32351	2	29	:	:	PUNCT
fbem-32351	2	30	information	information	NOUN
fbem-32351	2	31	acquisition	acquisition	NOUN
fbem-32351	2	32	,	,	PUNCT
fbem-32351	2	33	judgment	judgment	NOUN
fbem-32351	2	34	and	and	CCONJ
fbem-32351	2	35	prediction	prediction	NOUN
fbem-32351	2	36	,	,	PUNCT
fbem-32351	2	37	and	and	CCONJ
fbem-32351	2	38	decision	decision	NOUN
fbem-32351	2	39	-	-	PUNCT
fbem-32351	2	40	making	make	VERB
fbem-32351	2	41	behavior	behavior	NOUN
fbem-32351	2	42	.	.	PUNCT
fbem-32351	3	1	combined	combine	VERB
fbem-32351	3	2	with	with	ADP
fbem-32351	3	3	capital	capital	NOUN
fbem-32351	3	4	market	market	NOUN
fbem-32351	3	5	practices	practice	NOUN
fbem-32351	3	6	,	,	PUNCT
fbem-32351	3	7	it	it	PRON
fbem-32351	3	8	identifies	identify	VERB
fbem-32351	3	9	prominent	prominent	ADJ
fbem-32351	3	10	problems	problem	NOUN
fbem-32351	3	11	in	in	ADP
fbem-32351	3	12	the	the	DET
fbem-32351	3	13	current	current	ADJ
fbem-32351	3	14	disclosure	disclosure	NOUN
fbem-32351	3	15	system	system	NOUN
fbem-32351	3	16	,	,	PUNCT
fbem-32351	3	17	such	such	ADJ
fbem-32351	3	18	as	as	ADP
fbem-32351	3	19	insufficient	insufficient	ADJ
fbem-32351	3	20	institutional	institutional	ADJ
fbem-32351	3	21	adaptability	adaptability	NOUN
fbem-32351	3	22	,	,	PUNCT
fbem-32351	3	23	weak	weak	ADJ
fbem-32351	3	24	supervis	supervis	NOUN
fbem-32351	3	25	ion	ion	NOUN
fbem-32351	3	26	,	,	PUNCT
fbem-32351	3	27	and	and	CCONJ
fbem-32351	3	28	inadequate	inadequate	ADJ
fbem-32351	3	29	investor	investor	NOUN
fbem-32351	3	30	interpretation	interpretation	NOUN
fbem-32351	3	31	capabilities	capability	NOUN
fbem-32351	3	32	.	.	PUNCT
fbem-32351	4	1	finally	finally	ADV
fbem-32351	4	2	,	,	PUNCT
fbem-32351	4	3	it	it	PRON
fbem-32351	4	4	puts	put	VERB
fbem-32351	4	5	forward	forward	ADV
fbem-32351	4	6	optimization	optimization	NOUN
fbem-32351	4	7	suggestions	suggestion	NOUN
fbem-32351	4	8	from	from	ADP
fbem-32351	4	9	the	the	DET
fbem-32351	4	10	perspectives	perspective	NOUN
fbem-32351	4	11	of	of	ADP
fbem-32351	4	12	institutional	institutional	ADJ
fbem-32351	4	13	improvement	improvement	NOUN
fbem-32351	4	14	,	,	PUNCT
fbem-32351	4	15	supervisi	supervisi	ADJ
fbem-32351	4	16	on	on	ADP
fbem-32351	4	17	strengthening	strengthening	NOUN
fbem-32351	4	18	,	,	PUNCT
fbem-32351	4	19	and	and	CCONJ
fbem-32351	4	20	investor	investor	NOUN
fbem-32351	4	21	empowerment	empowerment	NOUN
fbem-32351	4	22	,	,	PUNCT
fbem-32351	4	23	providing	provide	VERB
fbem-32351	4	24	support	support	NOUN
fbem-32351	4	25	for	for	ADP
fbem-32351	4	26	protecting	protect	VERB
fbem-32351	4	27	investors	investor	NOUN
fbem-32351	4	28	'	'	PART
fbem-32351	4	29	rights	right	NOUN
fbem-32351	4	30	and	and	CCONJ
fbem-32351	4	31	interests	interest	NOUN
fbem-32351	4	32	and	and	CCONJ
fbem-32351	4	33	improving	improve	VERB
fbem-32351	4	34	capital	capital	NOUN
fbem-32351	4	35	market	market	NOUN
fbem-32351	4	36	efficiency	efficiency	NOUN
fbem-32351	4	37	.	.	PUNCT
fbem-32351	5	1	keywords	keyword	NOUN
fbem-32351	5	2	:	:	PUNCT
fbem-32351	5	3	accounting	account	VERB
fbem-32351	5	4	information	information	NOUN
fbem-32351	5	5	disclosure	disclosure	NOUN
fbem-32351	5	6	;	;	PUNCT
fbem-32351	5	7	investors	investor	NOUN
fbem-32351	5	8	'	'	PART
fbem-32351	5	9	decision	decision	NOUN
fbem-32351	5	10	-making	-making	NOUN
fbem-32351	5	11	;	;	PUNCT
fbem-32351	5	12	information	information	NOUN
fbem-32351	5	13	asymmetry	asymmetry	NOUN
fbem-32351	5	14	;	;	PUNCT
fbem-32351	5	15	capital	capital	NOUN
fbem-32351	5	16	market	market	NOUN
fbem-32351	5	17	supervision	supervision	NOUN
fbem-32351	5	18	.	.	PUNCT
fbem-32351	6	1	1	1	X
fbem-32351	6	2	.	.	X
fbem-32351	6	3	introduction	introduction	NOUN
fbem-32351	6	4	against	against	ADP
fbem-32351	6	5	the	the	DET
fbem-32351	6	6	background	background	NOUN
fbem-32351	6	7	of	of	ADP
fbem-32351	6	8	deepening	deepen	VERB
fbem-32351	6	9	market	market	NOUN
fbem-32351	6	10	-oriented	-oriente	VERB
fbem-32351	6	11	and	and	CCONJ
fbem-32351	6	12	international	international	ADJ
fbem-32351	6	13	reform	reform	NOUN
fbem-32351	6	14	of	of	ADP
fbem-32351	6	15	capital	capital	NOUN
fbem-32351	6	16	markets	market	NOUN
fbem-32351	6	17	,	,	PUNCT
fbem-32351	6	18	information	information	NOUN
fbem-32351	6	19	has	have	AUX
fbem-32351	6	20	become	become	VERB
fbem-32351	6	21	a	a	DET
fbem-32351	6	22	core	core	NOUN
fbem-32351	6	23	element	element	NOUN
fbem-32351	6	24	of	of	ADP
fbem-32351	6	25	resource	resource	NOUN
fbem-32351	6	26	allocation	allocation	NOUN
fbem-32351	6	27	.	.	PUNCT
fbem-32351	7	1	as	as	ADP
fbem-32351	7	2	a	a	DET
fbem-32351	7	3	standardized	standardized	ADJ
fbem-32351	7	4	carrier	carrier	NOUN
fbem-32351	7	5	of	of	ADP
fbem-32351	7	6	enterprises	enterprise	NOUN
fbem-32351	7	7	'	'	PART
fbem-32351	7	8	financial	financial	ADJ
fbem-32351	7	9	and	and	CCONJ
fbem-32351	7	10	operating	operating	NOUN
fbem-32351	7	11	conditions	condition	NOUN
fbem-32351	7	12	,	,	PUNCT
fbem-32351	7	13	accounting	accounting	NOUN
fbem-32351	7	14	information	information	NOUN
fbem-32351	7	15	is	be	AUX
fbem-32351	7	16	a	a	DET
fbem-32351	7	17	key	key	ADJ
fbem-32351	7	18	basis	basis	NOUN
fbem-32351	7	19	for	for	SCONJ
fbem-32351	7	20	investors	investor	NOUN
fbem-32351	7	21	to	to	PART
fbem-32351	7	22	evaluate	evaluate	VERB
fbem-32351	7	23	value	value	NOUN
fbem-32351	7	24	and	and	CCONJ
fbem-32351	7	25	formulate	formulate	ADJ
fbem-32351	7	26	strategies	strategy	NOUN
fbem-32351	7	27	,	,	PUNCT
fbem-32351	7	28	and	and	CCONJ
fbem-32351	7	29	its	its	PRON
fbem-32351	7	30	disclosure	disclosure	NOUN
fbem-32351	7	31	quality	quality	NOUN
fbem-32351	7	32	directly	directly	ADV
fbem-32351	7	33	affects	affect	VERB
fbem-32351	7	34	the	the	DET
fbem-32351	7	35	implementation	implementation	NOUN
fbem-32351	7	36	of	of	ADP
fbem-32351	7	37	the	the	DET
fbem-32351	7	38	"	"	PUNCT
fbem-32351	7	39	three	three	NUM
fbem-32351	7	40	public	public	ADJ
fbem-32351	7	41	"	"	PUNCT
fbem-32351	7	42	(	(	PUNCT
fbem-32351	7	43	fair	fair	ADJ
fbem-32351	7	44	,	,	PUNCT
fbem-32351	7	45	just	just	ADV
fbem-32351	7	46	,	,	PUNCT
fbem-32351	7	47	open	open	ADJ
fbem-32351	7	48	)	)	PUNCT
fbem-32351	7	49	principles	principle	NOUN
fbem-32351	7	50	.	.	PUNCT
fbem-32351	8	1	currently	currently	ADV
fbem-32351	8	2	,	,	PUNCT
fbem-32351	8	3	china	china	PROPN
fbem-32351	8	4	's	's	PART
fbem-32351	8	5	investor	investor	NOUN
fbem-32351	8	6	structure	structure	NOUN
fbem-32351	8	7	is	be	AUX
fbem-32351	8	8	constantly	constantly	ADV
fbem-32351	8	9	optimizing	optimize	VERB
fbem-32351	8	10	,	,	PUNCT
fbem-32351	8	11	but	but	CCONJ
fbem-32351	8	12	the	the	DET
fbem-32351	8	13	problem	problem	NOUN
fbem-32351	8	14	of	of	ADP
fbem-32351	8	15	information	information	NOUN
fbem-32351	8	16	asymmetry	asymmetry	NOUN
fbem-32351	8	17	between	between	ADP
fbem-32351	8	18	enterprises	enterprise	NOUN
fbem-32351	8	19	and	and	CCONJ
fbem-32351	8	20	investors	investor	NOUN
fbem-32351	8	21	has	have	AUX
fbem-32351	8	22	not	not	PART
fbem-32351	8	23	been	be	AUX
fbem-32351	8	24	fundamentally	fundamentally	ADV
fbem-32351	8	25	solved	solve	VERB
fbem-32351	8	26	.	.	PUNCT
fbem-32351	9	1	irregularities	irregularity	NOUN
fbem-32351	9	2	such	such	ADJ
fbem-32351	9	3	as	as	ADP
fbem-32351	9	4	untrue	untrue	ADJ
fbem-32351	9	5	,	,	PUNCT
fbem-32351	9	6	incomplete	incomplete	ADJ
fbem-32351	9	7	,	,	PUNCT
fbem-32351	9	8	and	and	CCONJ
fbem-32351	9	9	untimely	untimely	ADJ
fbem-32351	9	10	information	information	NOUN
fbem-32351	9	11	disclosure	disclosure	NOUN
fbem-32351	9	12	occur	occur	VERB
fbem-32351	9	13	frequently	frequently	ADV
fbem-32351	9	14	.	.	PUNCT
fbem-32351	10	1	from	from	ADP
fbem-32351	10	2	"	"	PUNCT
fbem-32351	10	3	kangmei	kangmei	PROPN
fbem-32351	10	4	pharmaceutical	pharmaceutical	NOUN
fbem-32351	10	5	's	's	PART
fbem-32351	10	6	financial	financial	ADJ
fbem-32351	10	7	fraud	fraud	NOUN
fbem-32351	10	8	"	"	PUNCT
fbem-32351	10	9	to	to	ADP
fbem-32351	10	10	"	"	PUNCT
fbem-32351	10	11	luckin	luckin	ADJ
fbem-32351	10	12	coffee	coffee	NOUN
fbem-32351	10	13	's	's	PART
fbem-32351	10	14	revenue	revenue	NOUN
fbem-32351	10	15	inflation	inflation	NOUN
fbem-32351	10	16	"	"	PUNCT
fbem-32351	10	17	,	,	PUNCT
fbem-32351	10	18	such	such	ADJ
fbem-32351	10	19	incidents	incident	NOUN
fbem-32351	10	20	not	not	PART
fbem-32351	10	21	only	only	ADV
fbem-32351	10	22	cause	cause	VERB
fbem-32351	10	23	losses	loss	NOUN
fbem-32351	10	24	to	to	ADP
fbem-32351	10	25	investors	investor	NOUN
fbem-32351	10	26	but	but	CCONJ
fbem-32351	10	27	also	also	ADV
fbem-32351	10	28	erode	erode	VERB
fbem-32351	10	29	the	the	DET
fbem-32351	10	30	foundation	foundation	NOUN
fbem-32351	10	31	of	of	ADP
fbem-32351	10	32	market	market	NOUN
fbem-32351	10	33	trust	trust	NOUN
fbem-32351	10	34	.	.	PUNCT
fbem-32351	11	1	in	in	ADP
fbem-32351	11	2	this	this	DET
fbem-32351	11	3	context	context	NOUN
fbem-32351	11	4	,	,	PUNCT
fbem-32351	11	5	exploring	explore	VERB
fbem-32351	11	6	the	the	DET
fbem-32351	11	7	impact	impact	NOUN
fbem-32351	11	8	mechanism	mechanism	NOUN
fbem-32351	11	9	and	and	CCONJ
fbem-32351	11	10	optimization	optimization	NOUN
fbem-32351	11	11	path	path	NOUN
fbem-32351	11	12	of	of	ADP
fbem-32351	11	13	accounting	accounting	NOUN
fbem-32351	11	14	information	information	NOUN
fbem-32351	11	15	disclosure	disclosure	NOUN
fbem-32351	11	16	on	on	ADP
fbem-32351	11	17	investors	investor	NOUN
fbem-32351	11	18	'	'	PART
fbem-32351	11	19	decision	decision	NOUN
fbem-32351	11	20	-	-	PUNCT
fbem-32351	11	21	making	making	NOUN
fbem-32351	11	22	has	have	VERB
fbem-32351	11	23	important	important	ADJ
fbem-32351	11	24	theoretical	theoretical	ADJ
fbem-32351	11	25	and	and	CCONJ
fbem-32351	11	26	practical	practical	ADJ
fbem-32351	11	27	significance	significance	NOUN
fbem-32351	11	28	.	.	PUNCT
fbem-32351	12	1	2	2	X
fbem-32351	12	2	.	.	X
fbem-32351	12	3	theoretical	theoretical	ADJ
fbem-32351	12	4	basis	basis	NOUN
fbem-32351	12	5	2.1	2.1	NUM
fbem-32351	12	6	.	.	PUNCT
fbem-32351	13	1	information	information	NOUN
fbem-32351	13	2	asymmetry	asymmetry	NOUN
fbem-32351	13	3	theory	theory	NOUN
fbem-32351	13	4	proposed	propose	VERB
fbem-32351	13	5	by	by	ADP
fbem-32351	13	6	akerlof	akerlof	NOUN
fbem-32351	13	7	et	et	PROPN
fbem-32351	13	8	al	al	PROPN
fbem-32351	13	9	.	.	PROPN
fbem-32351	13	10	,	,	PUNCT
fbem-32351	13	11	its	its	PRON
fbem-32351	13	12	core	core	NOUN
fbem-32351	13	13	is	be	AUX
fbem-32351	13	14	that	that	SCONJ
fbem-32351	13	15	information	information	NOUN
fbem-32351	13	16	differences	difference	NOUN
fbem-32351	13	17	between	between	ADP
fbem-32351	13	18	transaction	transaction	NOUN
fbem-32351	13	19	parties	party	NOUN
fbem-32351	13	20	may	may	AUX
fbem-32351	13	21	lead	lead	VERB
fbem-32351	13	22	to	to	ADP
fbem-32351	13	23	"	"	PUNCT
fbem-32351	13	24	adverse	adverse	ADJ
fbem-32351	13	25	selection	selection	NOUN
fbem-32351	13	26	"	"	PUNCT
fbem-32351	13	27	and	and	CCONJ
fbem-32351	13	28	"	"	PUNCT
fbem-32351	13	29	moral	moral	ADJ
fbem-32351	13	30	hazard	hazard	NOUN
fbem-32351	13	31	"	"	PUNCT
fbem-32351	13	32	.	.	PUNCT
fbem-32351	14	1	in	in	ADP
fbem-32351	14	2	capital	capital	NOUN
fbem-32351	14	3	markets	market	NOUN
fbem-32351	14	4	,	,	PUNCT
fbem-32351	14	5	management	management	NOUN
fbem-32351	14	6	has	have	VERB
fbem-32351	14	7	more	more	ADJ
fbem-32351	14	8	enterprise	enterprise	NOUN
fbem-32351	14	9	information	information	NOUN
fbem-32351	14	10	.	.	PUNCT
fbem-32351	15	1	inferior	inferior	ADJ
fbem-32351	15	2	enterprises	enterprise	NOUN
fbem-32351	15	3	may	may	AUX
fbem-32351	15	4	conceal	conceal	VERB
fbem-32351	15	5	negative	negative	ADJ
fbem-32351	15	6	information	information	NOUN
fbem-32351	15	7	to	to	PART
fbem-32351	15	8	mislead	mislead	VERB
fbem-32351	15	9	investors	investor	NOUN
fbem-32351	15	10	(	(	PUNCT
fbem-32351	15	11	adverse	adverse	ADJ
fbem-32351	15	12	selection	selection	NOUN
fbem-32351	15	13	)	)	PUNCT
fbem-32351	15	14	,	,	PUNCT
fbem-32351	15	15	and	and	CCONJ
fbem-32351	15	16	management	management	NOUN
fbem-32351	15	17	may	may	AUX
fbem-32351	15	18	also	also	ADV
fbem-32351	15	19	damage	damage	VERB
fbem-32351	15	20	shareholders	shareholder	NOUN
fbem-32351	15	21	'	'	PART
fbem-32351	15	22	rights	right	NOUN
fbem-32351	15	23	for	for	ADP
fbem-32351	15	24	personal	personal	ADJ
fbem-32351	15	25	interests	interest	NOUN
fbem-32351	15	26	(	(	PUNCT
fbem-32351	15	27	moral	moral	ADJ
fbem-32351	15	28	hazard	hazard	NOUN
fbem-32351	15	29	)	)	PUNCT
fbem-32351	15	30	.	.	PUNCT
fbem-32351	16	1	accounting	accounting	NOUN
fbem-32351	16	2	information	information	NOUN
fbem-32351	16	3	disclosure	disclosure	NOUN
fbem-32351	16	4	can	can	AUX
fbem-32351	16	5	effectively	effectively	ADV
fbem-32351	16	6	balance	balance	VERB
fbem-32351	16	7	the	the	DET
fbem-32351	16	8	information	information	NOUN
fbem-32351	16	9	status	status	NOUN
fbem-32351	16	10	of	of	ADP
fbem-32351	16	11	both	both	DET
fbem-32351	16	12	parties	party	NOUN
fbem-32351	16	13	through	through	ADP
fbem-32351	16	14	standardized	standardized	ADJ
fbem-32351	16	15	information	information	NOUN
fbem-32351	16	16	transmission	transmission	NOUN
fbem-32351	16	17	.	.	PUNCT
fbem-32351	17	1	2.2	2.2	NUM
fbem-32351	17	2	.	.	PUNCT
fbem-32351	18	1	agency	agency	NOUN
fbem-32351	18	2	theory	theory	NOUN
fbem-32351	18	3	jensen	jensen	PROPN
fbem-32351	18	4	and	and	CCONJ
fbem-32351	18	5	meckling	meckling	NOUN
fbem-32351	18	6	pointed	point	VERB
fbem-32351	18	7	out	out	ADP
fbem-32351	18	8	that	that	SCONJ
fbem-32351	18	9	the	the	DET
fbem-32351	18	10	separation	separation	NOUN
fbem-32351	18	11	of	of	ADP
fbem-32351	18	12	ownership	ownership	NOUN
fbem-32351	18	13	and	and	CCONJ
fbem-32351	18	14	management	management	NOUN
fbem-32351	18	15	rights	right	NOUN
fbem-32351	18	16	forms	form	VERB
fbem-32351	18	17	a	a	DET
fbem-32351	18	18	principal	principal	ADJ
fbem-32351	18	19	-agent	-agent	NOUN
fbem-32351	18	20	relationship	relationship	NOUN
fbem-32351	18	21	,	,	PUNCT
fbem-32351	18	22	and	and	CCONJ
fbem-32351	18	23	there	there	PRON
fbem-32351	18	24	are	be	VERB
fbem-32351	18	25	differences	difference	NOUN
fbem-32351	18	26	in	in	ADP
fbem-32351	18	27	interest	interest	NOUN
fbem-32351	18	28	goals	goal	NOUN
fbem-32351	18	29	between	between	ADP
fbem-32351	18	30	shareholders	shareholder	NOUN
fbem-32351	18	31	and	and	CCONJ
fbem-32351	18	32	management	management	NOUN
fbem-32351	18	33	.	.	PUNCT
fbem-32351	19	1	as	as	SCONJ
fbem-32351	19	2	the	the	DET
fbem-32351	19	3	core	core	NOUN
fbem-32351	19	4	of	of	ADP
fbem-32351	19	5	the	the	DET
fbem-32351	19	6	supervision	supervision	NOUN
fbem-32351	19	7	mechanism	mechanism	NOUN
fbem-32351	19	8	,	,	PUNCT
fbem-32351	19	9	accounting	account	VERB
fbem-32351	19	10	information	information	NOUN
fbem-32351	19	11	disclosure	disclosure	NOUN
fbem-32351	19	12	helps	help	VERB
fbem-32351	19	13	shareholders	shareholder	NOUN
fbem-32351	19	14	evaluate	evaluate	VERB
fbem-32351	19	15	agency	agency	NOUN
fbem-32351	19	16	performance	performance	NOUN
fbem-32351	19	17	,	,	PUNCT
fbem-32351	19	18	restrain	restrain	VERB
fbem-32351	19	19	management	management	NOUN
fbem-32351	19	20	's	's	PART
fbem-32351	19	21	opportunistic	opportunistic	ADJ
fbem-32351	19	22	behavior	behavior	NOUN
fbem-32351	19	23	,	,	PUNCT
fbem-32351	19	24	and	and	CCONJ
fbem-32351	19	25	reduce	reduce	VERB
fbem-32351	19	26	agency	agency	NOUN
fbem-32351	19	27	costs	cost	NOUN
fbem-32351	19	28	by	by	ADP
fbem-32351	19	29	disclosing	disclose	VERB
fbem-32351	19	30	financial	financial	ADJ
fbem-32351	19	31	reports	report	NOUN
fbem-32351	19	32	and	and	CCONJ
fbem-32351	19	33	management	management	NOUN
fbem-32351	19	34	performance	performance	NOUN
fbem-32351	19	35	.	.	PUNCT
fbem-32351	20	1	2.3	2.3	NUM
fbem-32351	20	2	.	.	PUNCT
fbem-32351	20	3	signal	signal	NOUN
fbem-32351	20	4	transmission	transmission	NOUN
fbem-32351	20	5	theory	theory	NOUN
fbem-32351	20	6	spence	spence	NOUN
fbem-32351	20	7	proposed	propose	VERB
fbem-32351	20	8	that	that	SCONJ
fbem-32351	20	9	information	information	NOUN
fbem-32351	20	10	-advantaged	-advantaged	ADJ
fbem-32351	20	11	parties	party	NOUN
fbem-32351	20	12	(	(	PUNCT
fbem-32351	20	13	such	such	ADJ
fbem-32351	20	14	as	as	ADP
fbem-32351	20	15	high	high	ADJ
fbem-32351	20	16	-	-	PUNCT
fbem-32351	20	17	quality	quality	NOUN
fbem-32351	20	18	enterprises	enterprise	NOUN
fbem-32351	20	19	)	)	PUNCT
fbem-32351	20	20	can	can	AUX
fbem-32351	20	21	demonstrate	demonstrate	VERB
fbem-32351	20	22	their	their	PRON
fbem-32351	20	23	value	value	NOUN
fbem-32351	20	24	through	through	ADP
fbem-32351	20	25	effective	effective	ADJ
fbem-32351	20	26	signals	signal	NOUN
fbem-32351	20	27	.	.	PUNCT
fbem-32351	21	1	high	high	ADJ
fbem-32351	21	2	-	-	PUNCT
fbem-32351	21	3	quality	quality	NOUN
fbem-32351	21	4	accounting	accounting	NOUN
fbem-32351	21	5	information	information	NOUN
fbem-32351	21	6	disclosure	disclosure	NOUN
fbem-32351	21	7	is	be	AUX
fbem-32351	21	8	an	an	DET
fbem-32351	21	9	important	important	ADJ
fbem-32351	21	10	way	way	NOUN
fbem-32351	21	11	for	for	SCONJ
fbem-32351	21	12	high	high	ADJ
fbem-32351	21	13	-quality	-quality	NOUN
fbem-32351	21	14	enterprises	enterprise	NOUN
fbem-32351	21	15	to	to	PART
fbem-32351	21	16	transmit	transmit	VERB
fbem-32351	21	17	"	"	PUNCT
fbem-32351	21	18	positive	positive	ADJ
fbem-32351	21	19	signals	signal	NOUN
fbem-32351	21	20	"	"	PUNCT
fbem-32351	21	21	.	.	PUNCT
fbem-32351	22	1	for	for	ADP
fbem-32351	22	2	example	example	NOUN
fbem-32351	22	3	,	,	PUNCT
fbem-32351	22	4	timely	timely	ADJ
fbem-32351	22	5	disclosure	disclosure	NOUN
fbem-32351	22	6	of	of	ADP
fbem-32351	22	7	performance	performance	NOUN
fbem-32351	22	8	growth	growth	NOUN
fbem-32351	22	9	information	information	NOUN
fbem-32351	22	10	can	can	AUX
fbem-32351	22	11	obtain	obtain	VERB
fbem-32351	22	12	lower	low	ADJ
fbem-32351	22	13	financing	financing	NOUN
fbem-32351	22	14	costs	cost	NOUN
fbem-32351	22	15	;	;	PUNCT
fbem-32351	22	16	while	while	SCONJ
fbem-32351	22	17	inferior	inferior	ADJ
fbem-32351	22	18	enterprises	enterprise	NOUN
fbem-32351	22	19	can	can	AUX
fbem-32351	22	20	not	not	PART
fbem-32351	22	21	imitate	imitate	VERB
fbem-32351	22	22	and	and	CCONJ
fbem-32351	22	23	will	will	AUX
fbem-32351	22	24	eventually	eventually	ADV
fbem-32351	22	25	be	be	AUX
fbem-32351	22	26	eliminated	eliminate	VERB
fbem-32351	22	27	by	by	ADP
fbem-32351	22	28	the	the	DET
fbem-32351	22	29	market	market	NOUN
fbem-32351	22	30	.	.	PUNCT
fbem-32351	23	1	3	3	X
fbem-32351	23	2	.	.	X
fbem-32351	23	3	impact	impact	NOUN
fbem-32351	23	4	path	path	NOUN
fbem-32351	23	5	of	of	ADP
fbem-32351	23	6	accounting	accounting	NOUN
fbem-32351	23	7	information	information	NOUN
fbem-32351	23	8	disclosure	disclosure	NOUN
fbem-32351	23	9	on	on	ADP
fbem-32351	23	10	investors	investor	NOUN
fbem-32351	23	11	'	'	PART
fbem-32351	23	12	decision	decision	NOUN
fbem-32351	23	13	-	-	PUNCT
fbem-32351	23	14	making	make	VERB
fbem-32351	23	15	3.1	3.1	NUM
fbem-32351	23	16	.	.	PUNCT
fbem-32351	23	17	information	information	NOUN
fbem-32351	23	18	acquisition	acquisition	NOUN
fbem-32351	23	19	dimension	dimension	NOUN
fbem-32351	23	20	:	:	PUNCT
fbem-32351	23	21	breaking	break	VERB
fbem-32351	23	22	barriers	barrier	NOUN
fbem-32351	23	23	and	and	CCONJ
fbem-32351	23	24	laying	lay	VERB
fbem-32351	23	25	the	the	DET
fbem-32351	23	26	foundation	foundation	NOUN
fbem-32351	23	27	accounting	accounting	NOUN
fbem-32351	23	28	information	information	NOUN
fbem-32351	23	29	disclosure	disclosure	NOUN
fbem-32351	23	30	is	be	AUX
fbem-32351	23	31	the	the	DET
fbem-32351	23	32	main	main	ADJ
fbem-32351	23	33	channel	channel	NOUN
fbem-32351	23	34	for	for	SCONJ
fbem-32351	23	35	investors	investor	NOUN
fbem-32351	23	36	to	to	PART
fbem-32351	23	37	obtain	obtain	VERB
fbem-32351	23	38	enterprise	enterprise	NOUN
fbem-32351	23	39	information	information	NOUN
fbem-32351	23	40	,	,	PUNCT
fbem-32351	23	41	and	and	CCONJ
fbem-32351	23	42	its	its	PRON
fbem-32351	23	43	quality	quality	NOUN
fbem-32351	23	44	determines	determine	VERB
fbem-32351	23	45	the	the	DET
fbem-32351	23	46	completeness	completeness	NOUN
fbem-32351	23	47	and	and	CCONJ
fbem-32351	23	48	effectiveness	effectiveness	NOUN
fbem-32351	23	49	of	of	ADP
fbem-32351	23	50	information	information	NOUN
fbem-32351	23	51	.	.	PUNCT
fbem-32351	24	1	on	on	ADP
fbem-32351	24	2	the	the	DET
fbem-32351	24	3	one	one	NUM
fbem-32351	24	4	hand	hand	NOUN
fbem-32351	24	5	,	,	PUNCT
fbem-32351	24	6	standardized	standardized	ADJ
fbem-32351	24	7	disclosure	disclosure	NOUN
fbem-32351	24	8	improves	improve	VERB
fbem-32351	24	9	transparency	transparency	NOUN
fbem-32351	24	10	:	:	PUNCT
fbem-32351	24	11	enterprises	enterprise	NOUN
fbem-32351	24	12	disclose	disclose	VERB
fbem-32351	24	13	three	three	NUM
fbem-32351	24	14	major	major	ADJ
fbem-32351	24	15	financial	financial	ADJ
fbem-32351	24	16	statements	statement	NOUN
fbem-32351	24	17	through	through	ADP
fbem-32351	24	18	regular	regular	ADJ
fbem-32351	24	19	reports	report	NOUN
fbem-32351	24	20	and	and	CCONJ
fbem-32351	24	21	major	major	ADJ
fbem-32351	24	22	events	event	NOUN
fbem-32351	24	23	such	such	ADJ
fbem-32351	24	24	as	as	ADP
fbem-32351	24	25	investment	investment	NOUN
fbem-32351	24	26	and	and	CCONJ
fbem-32351	24	27	mergers	merger	NOUN
fbem-32351	24	28	through	through	ADP
fbem-32351	24	29	interim	interim	ADJ
fbem-32351	24	30	reports	report	NOUN
fbem-32351	24	31	,	,	PUNCT
fbem-32351	24	32	helping	help	VERB
fbem-32351	24	33	investors	investor	NOUN
fbem-32351	24	34	fully	fully	ADV
fbem-32351	24	35	grasp	grasp	VERB
fbem-32351	24	36	operational	operational	ADJ
fbem-32351	24	37	dynamics	dynamic	NOUN
fbem-32351	24	38	.	.	PUNCT
fbem-32351	25	1	for	for	ADP
fbem-32351	25	2	example	example	NOUN
fbem-32351	25	3	,	,	PUNCT
fbem-32351	25	4	analyzing	analyze	VERB
fbem-32351	25	5	the	the	DET
fbem-32351	25	6	matching	matching	NOUN
fbem-32351	25	7	degree	degree	NOUN
fbem-32351	25	8	between	between	ADP
fbem-32351	25	9	"	"	PUNCT
fbem-32351	25	10	net	net	ADJ
fbem-32351	25	11	cash	cash	NOUN
fbem-32351	25	12	flow	flow	NOUN
fbem-32351	25	13	from	from	ADP
fbem-32351	25	14	operating	operate	VERB
fbem-32351	25	15	activities	activity	NOUN
fbem-32351	25	16	"	"	PUNCT
fbem-32351	25	17	and	and	CCONJ
fbem-32351	25	18	"	"	PUNCT
fbem-32351	25	19	net	net	ADJ
fbem-32351	25	20	profit	profit	NOUN
fbem-32351	25	21	"	"	PUNCT
fbem-32351	25	22	can	can	AUX
fbem-32351	25	23	identify	identify	VERB
fbem-32351	25	24	the	the	DET
fbem-32351	25	25	authenticity	authenticity	NOUN
fbem-32351	25	26	of	of	ADP
fbem-32351	25	27	profits	profit	NOUN
fbem-32351	25	28	.	.	PUNCT
fbem-32351	26	1	on	on	ADP
fbem-32351	26	2	the	the	DET
fbem-32351	26	3	other	other	ADJ
fbem-32351	26	4	hand	hand	NOUN
fbem-32351	26	5	,	,	PUNCT
fbem-32351	26	6	timely	timely	ADJ
fbem-32351	26	7	disclosure	disclosure	NOUN
fbem-32351	26	8	reduces	reduce	VERB
fbem-32351	26	9	lag	lag	NOUN
fbem-32351	26	10	:	:	PUNCT
fbem-32351	26	11	according	accord	VERB
fbem-32351	26	12	to	to	ADP
fbem-32351	26	13	the	the	DET
fbem-32351	26	14	securities	security	NOUN
fbem-32351	26	15	law	law	NOUN
fbem-32351	26	16	,	,	PUNCT
fbem-32351	26	17	major	major	ADJ
fbem-32351	26	18	events	event	NOUN
fbem-32351	26	19	must	must	AUX
fbem-32351	26	20	be	be	AUX
fbem-32351	26	21	disclosed	disclose	VERB
fbem-32351	26	22	within	within	ADP
fbem-32351	26	23	a	a	DET
fbem-32351	26	24	time	time	NOUN
fbem-32351	26	25	limit	limit	NOUN
fbem-32351	26	26	to	to	PART
fbem-32351	26	27	avoid	avoid	VERB
fbem-32351	26	28	information	information	NOUN
fbem-32351	26	29	monopoly	monopoly	NOUN
fbem-32351	26	30	by	by	ADP
fbem-32351	26	31	a	a	DET
fbem-32351	26	32	few	few	ADJ
fbem-32351	26	33	people	people	NOUN
fbem-32351	26	34	and	and	CCONJ
fbem-32351	26	35	ensure	ensure	VERB
fbem-32351	26	36	fair	fair	ADJ
fbem-32351	26	37	information	information	NOUN
fbem-32351	26	38	access	access	NOUN
fbem-32351	26	39	for	for	ADP
fbem-32351	26	40	ordinary	ordinary	ADJ
fbem-32351	26	41	investors	investor	NOUN
fbem-32351	26	42	.	.	PUNCT
fbem-32351	27	1	112	112	NUM
fbem-32351	27	2	3.2	3.2	NUM
fbem-32351	27	3	.	.	PUNCT
fbem-32351	28	1	judgment	judgment	NOUN
fbem-32351	28	2	and	and	CCONJ
fbem-32351	28	3	prediction	prediction	NOUN
fbem-32351	28	4	dimension	dimension	NOUN
fbem-32351	28	5	:	:	PUNCT
fbem-32351	28	6	providing	provide	VERB
fbem-32351	28	7	basis	basis	NOUN
fbem-32351	28	8	and	and	CCONJ
fbem-32351	28	9	improving	improve	VERB
fbem-32351	28	10	scientificity	scientificity	NOUN
fbem-32351	28	11	investors	investor	NOUN
fbem-32351	28	12	'	'	PART
fbem-32351	28	13	decision	decision	NOUN
fbem-32351	28	14	-	-	PUNCT
fbem-32351	28	15	making	making	NOUN
fbem-32351	28	16	is	be	AUX
fbem-32351	28	17	essentially	essentially	ADV
fbem-32351	28	18	a	a	DET
fbem-32351	28	19	prediction	prediction	NOUN
fbem-32351	28	20	of	of	ADP
fbem-32351	28	21	enterprises	enterprise	NOUN
fbem-32351	28	22	'	'	PART
fbem-32351	28	23	future	future	ADJ
fbem-32351	28	24	value	value	NOUN
fbem-32351	28	25	,	,	PUNCT
fbem-32351	28	26	and	and	CCONJ
fbem-32351	28	27	accounting	accounting	NOUN
fbem-32351	28	28	information	information	NOUN
fbem-32351	28	29	provides	provide	VERB
fbem-32351	28	30	core	core	ADJ
fbem-32351	28	31	materials	material	NOUN
fbem-32351	28	32	for	for	ADP
fbem-32351	28	33	this	this	DET
fbem-32351	28	34	process	process	NOUN
fbem-32351	28	35	.	.	PUNCT
fbem-32351	29	1	first	first	ADV
fbem-32351	29	2	,	,	PUNCT
fbem-32351	29	3	historical	historical	ADJ
fbem-32351	29	4	data	datum	NOUN
fbem-32351	29	5	supports	support	VERB
fbem-32351	29	6	trend	trend	NOUN
fbem-32351	29	7	prediction	prediction	NOUN
fbem-32351	29	8	:	:	PUNCT
fbem-32351	29	9	by	by	ADP
fbem-32351	29	10	comparing	compare	VERB
fbem-32351	29	11	indicators	indicator	NOUN
fbem-32351	29	12	such	such	ADJ
fbem-32351	29	13	as	as	ADP
fbem-32351	29	14	revenue	revenue	NOUN
fbem-32351	29	15	growth	growth	NOUN
fbem-32351	29	16	rate	rate	NOUN
fbem-32351	29	17	,	,	PUNCT
fbem-32351	29	18	gross	gross	ADJ
fbem-32351	29	19	profit	profit	NOUN
fbem-32351	29	20	margin	margin	NOUN
fbem-32351	29	21	,	,	PUNCT
fbem-32351	29	22	and	and	CCONJ
fbem-32351	29	23	roe	roe	NOUN
fbem-32351	29	24	in	in	ADP
fbem-32351	29	25	the	the	DET
fbem-32351	29	26	past	past	ADJ
fbem-32351	29	27	3	3	NUM
fbem-32351	29	28	-5	-5	ADJ
fbem-32351	29	29	years	year	NOUN
fbem-32351	29	30	,	,	PUNCT
fbem-32351	29	31	enterprises	enterprise	NOUN
fbem-32351	29	32	'	'	PART
fbem-32351	29	33	growth	growth	NOUN
fbem-32351	29	34	,	,	PUNCT
fbem-32351	29	35	profitability	profitability	NOUN
fbem-32351	29	36	,	,	PUNCT
fbem-32351	29	37	and	and	CCONJ
fbem-32351	29	38	solvency	solvency	NOUN
fbem-32351	29	39	can	can	AUX
fbem-32351	29	40	be	be	AUX
fbem-32351	29	41	identified	identify	VERB
fbem-32351	29	42	.	.	PUNCT
fbem-32351	30	1	for	for	ADP
fbem-32351	30	2	example	example	NOUN
fbem-32351	30	3	,	,	PUNCT
fbem-32351	30	4	enterprises	enterprise	NOUN
fbem-32351	30	5	with	with	ADP
fbem-32351	30	6	gross	gross	ADJ
fbem-32351	30	7	profit	profit	NOUN
fbem-32351	30	8	margin	margin	NOUN
fbem-32351	30	9	ranking	rank	VERB
fbem-32351	30	10	in	in	ADP
fbem-32351	30	11	the	the	DET
fbem-32351	30	12	top	top	ADJ
fbem-32351	30	13	20	20	NUM
fbem-32351	30	14	%	%	NOUN
fbem-32351	30	15	of	of	ADP
fbem-32351	30	16	the	the	DET
fbem-32351	30	17	industry	industry	NOUN
fbem-32351	30	18	for	for	ADP
fbem-32351	30	19	three	three	NUM
fbem-32351	30	20	consecutive	consecutive	ADJ
fbem-32351	30	21	years	year	NOUN
fbem-32351	30	22	are	be	AUX
fbem-32351	30	23	more	more	ADV
fbem-32351	30	24	likely	likely	ADJ
fbem-32351	30	25	to	to	PART
fbem-32351	30	26	be	be	AUX
fbem-32351	30	27	recognized	recognize	VERB
fbem-32351	30	28	as	as	ADP
fbem-32351	30	29	high	high	ADJ
fbem-32351	30	30	-	-	PUNCT
fbem-32351	30	31	quality	quality	NOUN
fbem-32351	30	32	targets	target	NOUN
fbem-32351	30	33	.	.	PUNCT
fbem-32351	31	1	second	second	ADV
fbem-32351	31	2	,	,	PUNCT
fbem-32351	31	3	industry	industry	NOUN
fbem-32351	31	4	comparison	comparison	NOUN
fbem-32351	31	5	facilitates	facilitate	VERB
fbem-32351	31	6	positioning	position	VERB
fbem-32351	31	7	analysis	analysis	NOUN
fbem-32351	31	8	:	:	PUNCT
fbem-32351	31	9	comparing	compare	VERB
fbem-32351	31	10	enterprise	enterprise	NOUN
fbem-32351	31	11	indicators	indicator	NOUN
fbem-32351	31	12	with	with	ADP
fbem-32351	31	13	industry	industry	NOUN
fbem-32351	31	14	averages	average	NOUN
fbem-32351	31	15	and	and	CCONJ
fbem-32351	31	16	competitors	competitor	NOUN
fbem-32351	31	17	can	can	AUX
fbem-32351	31	18	clarify	clarify	VERB
fbem-32351	31	19	their	their	PRON
fbem-32351	31	20	market	market	NOUN
fbem-32351	31	21	position	position	NOUN
fbem-32351	31	22	and	and	CCONJ
fbem-32351	31	23	advantages	advantage	NOUN
fbem-32351	31	24	/	/	SYM
fbem-32351	31	25	disadvantages	disadvantage	NOUN
fbem-32351	31	26	.	.	PUNCT
fbem-32351	32	1	third	third	ADJ
fbem-32351	32	2	,	,	PUNCT
fbem-32351	32	3	risk	risk	NOUN
fbem-32351	32	4	disclosure	disclosure	NOUN
fbem-32351	32	5	assists	assist	VERB
fbem-32351	32	6	assessment	assessment	NOUN
fbem-32351	32	7	:	:	PUNCT
fbem-32351	32	8	the	the	DET
fbem-32351	32	9	disclosure	disclosure	NOUN
fbem-32351	32	10	of	of	ADP
fbem-32351	32	11	market	market	NOUN
fbem-32351	32	12	,	,	PUNCT
fbem-32351	32	13	credit	credit	NOUN
fbem-32351	32	14	,	,	PUNCT
fbem-32351	32	15	and	and	CCONJ
fbem-32351	32	16	operational	operational	ADJ
fbem-32351	32	17	risks	risk	NOUN
fbem-32351	32	18	helps	help	VERB
fbem-32351	32	19	investors	investor	NOUN
fbem-32351	32	20	identify	identify	VERB
fbem-32351	32	21	risk	risk	NOUN
fbem-32351	32	22	points	point	NOUN
fbem-32351	32	23	and	and	CCONJ
fbem-32351	32	24	adjust	adjust	VERB
fbem-32351	32	25	investment	investment	NOUN
fbem-32351	32	26	portfolios	portfolio	NOUN
fbem-32351	32	27	.	.	PUNCT
fbem-32351	33	1	3.3	3.3	NUM
fbem-32351	33	2	.	.	PUNCT
fbem-32351	33	3	decision	decision	NOUN
fbem-32351	33	4	-	-	PUNCT
fbem-32351	33	5	making	make	VERB
fbem-32351	33	6	behavior	behavior	NOUN
fbem-32351	33	7	dimension	dimension	NOUN
fbem-32351	33	8	:	:	PUNCT
fbem-32351	33	9	guiding	guide	VERB
fbem-32351	33	10	choices	choice	NOUN
fbem-32351	33	11	and	and	CCONJ
fbem-32351	33	12	regulating	regulate	VERB
fbem-32351	33	13	the	the	DET
fbem-32351	33	14	market	market	NOUN
fbem-32351	33	15	high	high	ADJ
fbem-32351	33	16	-	-	PUNCT
fbem-32351	33	17	quality	quality	NOUN
fbem-32351	33	18	disclosure	disclosure	NOUN
fbem-32351	33	19	can	can	AUX
fbem-32351	33	20	enhance	enhance	VERB
fbem-32351	33	21	investors	investor	NOUN
fbem-32351	33	22	'	'	PART
fbem-32351	33	23	confidence	confidence	NOUN
fbem-32351	33	24	and	and	CCONJ
fbem-32351	33	25	encourage	encourage	VERB
fbem-32351	33	26	long	long	ADJ
fbem-32351	33	27	-	-	PUNCT
fbem-32351	33	28	term	term	NOUN
fbem-32351	33	29	value	value	NOUN
fbem-32351	33	30	investment	investment	NOUN
fbem-32351	33	31	;	;	PUNCT
fbem-32351	33	32	if	if	SCONJ
fbem-32351	33	33	disclosure	disclosure	NOUN
fbem-32351	33	34	is	be	AUX
fbem-32351	33	35	irregular	irregular	ADJ
fbem-32351	33	36	,	,	PUNCT
fbem-32351	33	37	investors	investor	NOUN
fbem-32351	33	38	will	will	AUX
fbem-32351	33	39	"	"	PUNCT
fbem-32351	33	40	vote	vote	VERB
fbem-32351	33	41	with	with	ADP
fbem-32351	33	42	their	their	PRON
fbem-32351	33	43	feet	foot	NOUN
fbem-32351	33	44	"	"	PUNCT
fbem-32351	33	45	,	,	PUNCT
fbem-32351	33	46	leading	lead	VERB
fbem-32351	33	47	to	to	ADP
fbem-32351	33	48	stock	stock	NOUN
fbem-32351	33	49	price	price	NOUN
fbem-32351	33	50	declines	decline	NOUN
fbem-32351	33	51	.	.	PUNCT
fbem-32351	34	1	meanwhile	meanwhile	ADV
fbem-32351	34	2	,	,	PUNCT
fbem-32351	34	3	disclosed	disclose	VERB
fbem-32351	34	4	information	information	NOUN
fbem-32351	34	5	supports	support	VERB
fbem-32351	34	6	minority	minority	NOUN
fbem-32351	34	7	shareholders	shareholder	NOUN
fbem-32351	34	8	'	'	PART
fbem-32351	34	9	participation	participation	NOUN
fbem-32351	34	10	in	in	ADP
fbem-32351	34	11	governance	governance	NOUN
fbem-32351	34	12	to	to	PART
fbem-32351	34	13	restrain	restrain	VERB
fbem-32351	34	14	insider	insider	NOUN
fbem-32351	34	15	control	control	NOUN
fbem-32351	34	16	;	;	PUNCT
fbem-32351	34	17	it	it	PRON
fbem-32351	34	18	also	also	ADV
fbem-32351	34	19	narrows	narrow	VERB
fbem-32351	34	20	the	the	DET
fbem-32351	34	21	information	information	NOUN
fbem-32351	34	22	gap	gap	NOUN
fbem-32351	34	23	between	between	ADP
fbem-32351	34	24	institutional	institutional	ADJ
fbem-32351	34	25	and	and	CCONJ
fbem-32351	34	26	individual	individual	ADJ
fbem-32351	34	27	investors	investor	NOUN
fbem-32351	34	28	,	,	PUNCT
fbem-32351	34	29	maintaining	maintain	VERB
fbem-32351	34	30	market	market	NOUN
fbem-32351	34	31	fairness	fairness	NOUN
fbem-32351	34	32	.	.	PUNCT
fbem-32351	35	1	4	4	X
fbem-32351	35	2	.	.	X
fbem-32351	35	3	core	core	NOUN
fbem-32351	35	4	problems	problem	NOUN
fbem-32351	35	5	in	in	ADP
fbem-32351	35	6	current	current	ADJ
fbem-32351	35	7	accounting	accounting	NOUN
fbem-32351	35	8	information	information	NOUN
fbem-32351	35	9	disclosure	disclosure	NOUN
fbem-32351	35	10	4.1	4.1	NUM
fbem-32351	35	11	.	.	PUNCT
fbem-32351	36	1	incomplete	incomplete	ADJ
fbem-32351	36	2	institutional	institutional	ADJ
fbem-32351	36	3	framework	framework	NOUN
fbem-32351	36	4	insufficient	insufficient	ADJ
fbem-32351	36	5	industry	industry	NOUN
fbem-32351	36	6	adaptability	adaptability	NOUN
fbem-32351	36	7	:	:	PUNCT
fbem-32351	36	8	the	the	DET
fbem-32351	36	9	current	current	ADJ
fbem-32351	36	10	rules	rule	NOUN
fbem-32351	36	11	mainly	mainly	ADV
fbem-32351	36	12	target	target	VERB
fbem-32351	36	13	traditional	traditional	ADJ
fbem-32351	36	14	manufacturing	manufacturing	NOUN
fbem-32351	36	15	industries	industry	NOUN
fbem-32351	36	16	(	(	PUNCT
fbem-32351	36	17	such	such	ADJ
fbem-32351	36	18	as	as	ADP
fbem-32351	36	19	requiring	require	VERB
fbem-32351	36	20	the	the	DET
fbem-32351	36	21	disclosure	disclosure	NOUN
fbem-32351	36	22	of	of	ADP
fbem-32351	36	23	capacity	capacity	NOUN
fbem-32351	36	24	,	,	PUNCT
fbem-32351	36	25	inventory	inventory	NOUN
fbem-32351	36	26	turnover	turnover	NOUN
fbem-32351	36	27	rate	rate	NOUN
fbem-32351	36	28	,	,	PUNCT
fbem-32351	36	29	etc	etc	X
fbem-32351	36	30	.	.	X
fbem-32351	36	31	)	)	PUNCT
fbem-32351	36	32	,	,	PUNCT
fbem-32351	36	33	but	but	CCONJ
fbem-32351	36	34	have	have	VERB
fbem-32351	36	35	insufficient	insufficient	ADJ
fbem-32351	36	36	coverage	coverage	NOUN
fbem-32351	36	37	for	for	ADP
fbem-32351	36	38	emerging	emerge	VERB
fbem-32351	36	39	industries	industry	NOUN
fbem-32351	36	40	like	like	ADP
fbem-32351	36	41	new	new	ADJ
fbem-32351	36	42	energy	energy	NOUN
fbem-32351	36	43	,	,	PUNCT
fbem-32351	36	44	internet	internet	NOUN
fbem-32351	36	45	,	,	PUNCT
fbem-32351	36	46	and	and	CCONJ
fbem-32351	36	47	biomedicine	biomedicine	NOUN
fbem-32351	36	48	.	.	PUNCT
fbem-32351	37	1	for	for	ADP
fbem-32351	37	2	instance	instance	NOUN
fbem-32351	37	3	,	,	PUNCT
fbem-32351	37	4	the	the	DET
fbem-32351	37	5	capitalization	capitalization	NOUN
fbem-32351	37	6	boundary	boundary	NOUN
fbem-32351	37	7	for	for	ADP
fbem-32351	37	8	r&d	r&d	NOUN
fbem-32351	37	9	expenses	expense	NOUN
fbem-32351	37	10	of	of	ADP
fbem-32351	37	11	new	new	ADJ
fbem-32351	37	12	energy	energy	NOUN
fbem-32351	37	13	enterprises	enterprise	NOUN
fbem-32351	37	14	is	be	AUX
fbem-32351	37	15	ambiguous	ambiguous	ADJ
fbem-32351	37	16	a	a	DET
fbem-32351	37	17	certain	certain	ADJ
fbem-32351	37	18	photovoltaic	photovoltaic	NOUN
fbem-32351	37	19	company	company	NOUN
fbem-32351	37	20	capitalized	capitalize	VERB
fbem-32351	37	21	approximately	approximately	ADV
fbem-32351	37	22	200	200	NUM
fbem-32351	37	23	million	million	NUM
fbem-32351	37	24	yuan	yuan	NOUN
fbem-32351	37	25	of	of	ADP
fbem-32351	37	26	r&d	r&d	NOUN
fbem-32351	37	27	phase	phase	NOUN
fbem-32351	37	28	silicon	silicon	NOUN
fbem-32351	37	29	material	material	NOUN
fbem-32351	37	30	formula	formula	NOUN
fbem-32351	37	31	testing	testing	NOUN
fbem-32351	37	32	expenses	expense	NOUN
fbem-32351	37	33	as	as	ADP
fbem-32351	37	34	intangible	intangible	ADJ
fbem-32351	37	35	assets	asset	NOUN
fbem-32351	37	36	without	without	ADP
fbem-32351	37	37	clearly	clearly	ADV
fbem-32351	37	38	disclosing	disclose	VERB
fbem-32351	37	39	the	the	DET
fbem-32351	37	40	basis	basis	NOUN
fbem-32351	37	41	for	for	ADP
fbem-32351	37	42	capitalization	capitalization	NOUN
fbem-32351	37	43	(	(	PUNCT
fbem-32351	37	44	such	such	ADJ
fbem-32351	37	45	as	as	ADP
fbem-32351	37	46	whether	whether	SCONJ
fbem-32351	37	47	it	it	PRON
fbem-32351	37	48	met	meet	VERB
fbem-32351	37	49	the	the	DET
fbem-32351	37	50	"	"	PUNCT
fbem-32351	37	51	technical	technical	ADJ
fbem-32351	37	52	feasibility	feasibility	NOUN
fbem-32351	37	53	"	"	PUNCT
fbem-32351	37	54	standard	standard	NOUN
fbem-32351	37	55	)	)	PUNCT
fbem-32351	37	56	,	,	PUNCT
fbem-32351	37	57	making	make	VERB
fbem-32351	37	58	it	it	PRON
fbem-32351	37	59	difficult	difficult	ADJ
fbem-32351	37	60	for	for	SCONJ
fbem-32351	37	61	investors	investor	NOUN
fbem-32351	37	62	to	to	PART
fbem-32351	37	63	assess	assess	VERB
fbem-32351	37	64	the	the	DET
fbem-32351	37	65	true	true	ADJ
fbem-32351	37	66	benefits	benefit	NOUN
fbem-32351	37	67	of	of	ADP
fbem-32351	37	68	r&d	r&d	NOUN
fbem-32351	37	69	investment	investment	NOUN
fbem-32351	37	70	;	;	PUNCT
fbem-32351	37	71	there	there	PRON
fbem-32351	37	72	is	be	VERB
fbem-32351	37	73	a	a	DET
fbem-32351	37	74	lack	lack	NOUN
fbem-32351	37	75	of	of	ADP
fbem-32351	37	76	guidance	guidance	NOUN
fbem-32351	37	77	for	for	ADP
fbem-32351	37	78	the	the	DET
fbem-32351	37	79	measurement	measurement	NOUN
fbem-32351	37	80	of	of	ADP
fbem-32351	37	81	data	data	NOUN
fbem-32351	37	82	assets	asset	NOUN
fbem-32351	37	83	in	in	ADP
fbem-32351	37	84	internet	internet	NOUN
fbem-32351	37	85	enterprises	enterprise	NOUN
fbem-32351	37	86	a	a	DET
fbem-32351	37	87	certain	certain	ADJ
fbem-32351	37	88	short	short	ADJ
fbem-32351	37	89	-	-	PUNCT
fbem-32351	37	90	video	video	NOUN
fbem-32351	37	91	platform	platform	NOUN
fbem-32351	37	92	has	have	VERB
fbem-32351	37	93	1	1	NUM
fbem-32351	37	94	billion	billion	NUM
fbem-32351	37	95	user	user	NOUN
fbem-32351	37	96	data	datum	NOUN
fbem-32351	37	97	,	,	PUNCT
fbem-32351	37	98	but	but	CCONJ
fbem-32351	37	99	due	due	ADP
fbem-32351	37	100	to	to	ADP
fbem-32351	37	101	the	the	DET
fbem-32351	37	102	absence	absence	NOUN
fbem-32351	37	103	of	of	ADP
fbem-32351	37	104	a	a	DET
fbem-32351	37	105	unified	unified	ADJ
fbem-32351	37	106	measurement	measurement	NOUN
fbem-32351	37	107	standard	standard	NOUN
fbem-32351	37	108	,	,	PUNCT
fbem-32351	37	109	it	it	PRON
fbem-32351	37	110	has	have	AUX
fbem-32351	37	111	not	not	PART
fbem-32351	37	112	been	be	AUX
fbem-32351	37	113	included	include	VERB
fbem-32351	37	114	in	in	ADP
fbem-32351	37	115	the	the	DET
fbem-32351	37	116	balance	balance	NOUN
fbem-32351	37	117	sheet	sheet	NOUN
fbem-32351	37	118	,	,	PUNCT
fbem-32351	37	119	preventing	prevent	VERB
fbem-32351	37	120	investors	investor	NOUN
fbem-32351	37	121	from	from	ADP
fbem-32351	37	122	accurately	accurately	ADV
fbem-32351	37	123	judg	judg	NOUN
fbem-32351	37	124	ing	e	VERB
fbem-32351	37	125	the	the	DET
fbem-32351	37	126	core	core	NOUN
fbem-32351	37	127	value	value	NOUN
fbem-32351	37	128	of	of	ADP
fbem-32351	37	129	its	its	PRON
fbem-32351	37	130	data	data	NOUN
fbem-32351	37	131	resources	resource	NOUN
fbem-32351	37	132	.	.	PUNCT
fbem-32351	38	1	[	[	X
fbem-32351	38	2	the	the	DET
fbem-32351	38	3	clinical	clinical	ADJ
fbem-32351	38	4	trial	trial	NOUN
fbem-32351	38	5	stage	stage	NOUN
fbem-32351	38	6	division	division	NOUN
fbem-32351	38	7	and	and	CCONJ
fbem-32351	38	8	failure	failure	NOUN
fbem-32351	38	9	risk	risk	NOUN
fbem-32351	38	10	disclosure	disclosure	NOUN
fbem-32351	38	11	of	of	ADP
fbem-32351	38	12	biomedicine	biomedicine	NOUN
fbem-32351	38	13	enterprises	enterprise	NOUN
fbem-32351	38	14	also	also	ADV
fbem-32351	38	15	lack	lack	VERB
fbem-32351	38	16	detailed	detailed	ADJ
fbem-32351	38	17	rules	rule	NOUN
fbem-32351	38	18	a	a	DET
fbem-32351	38	19	certain	certain	ADJ
fbem-32351	38	20	pharmaceutical	pharmaceutical	ADJ
fbem-32351	38	21	company	company	NOUN
fbem-32351	38	22	only	only	ADV
fbem-32351	38	23	mentioned	mention	VERB
fbem-32351	38	24	in	in	ADP
fbem-32351	38	25	its	its	PRON
fbem-32351	38	26	annual	annual	ADJ
fbem-32351	38	27	report	report	NOUN
fbem-32351	38	28	that	that	SCONJ
fbem-32351	38	29	it	it	PRON
fbem-32351	38	30	was	be	AUX
fbem-32351	38	31	"	"	PUNCT
fbem-32351	38	32	in	in	ADP
fbem-32351	38	33	the	the	DET
fbem-32351	38	34	clinical	clinical	ADJ
fbem-32351	38	35	trial	trial	NOUN
fbem-32351	38	36	stage	stage	NOUN
fbem-32351	38	37	"	"	PUNCT
fbem-32351	38	38	,	,	PUNCT
fbem-32351	38	39	without	without	ADP
fbem-32351	38	40	disclosing	disclose	VERB
fbem-32351	38	41	key	key	ADJ
fbem-32351	38	42	information	information	NOUN
fbem-32351	38	43	such	such	ADJ
fbem-32351	38	44	as	as	ADP
fbem-32351	38	45	the	the	DET
fbem-32351	38	46	success	success	NOUN
fbem-32351	38	47	rate	rate	NOUN
fbem-32351	38	48	of	of	ADP
fbem-32351	38	49	the	the	DET
fbem-32351	38	50	trial	trial	NOUN
fbem-32351	38	51	and	and	CCONJ
fbem-32351	38	52	the	the	DET
fbem-32351	38	53	potential	potential	ADJ
fbem-32351	38	54	market	market	NOUN
fbem-32351	38	55	size	size	NOUN
fbem-32351	38	56	,	,	PUNCT
fbem-32351	38	57	making	make	VERB
fbem-32351	38	58	it	it	PRON
fbem-32351	38	59	difficult	difficult	ADJ
fbem-32351	38	60	for	for	SCONJ
fbem-32351	38	61	investors	investor	NOUN
fbem-32351	38	62	to	to	PART
fbem-32351	38	63	assess	assess	VERB
fbem-32351	38	64	the	the	DET
fbem-32351	38	65	project	project	NOUN
fbem-32351	38	66	's	's	PART
fbem-32351	38	67	prospects	prospect	NOUN
fbem-32351	38	68	.	.	PUNCT
fbem-32351	38	69	]	]	PUNCT
fbem-32351	39	1	lack	lack	NOUN
fbem-32351	39	2	of	of	ADP
fbem-32351	39	3	readability	readability	NOUN
fbem-32351	39	4	and	and	CCONJ
fbem-32351	39	5	practicality	practicality	NOUN
fbem-32351	39	6	:	:	PUNCT
fbem-32351	39	7	financial	financial	ADJ
fbem-32351	39	8	reports	report	NOUN
fbem-32351	39	9	are	be	AUX
fbem-32351	39	10	densely	densely	ADV
fbem-32351	39	11	packed	pack	VERB
fbem-32351	39	12	with	with	ADP
fbem-32351	39	13	professional	professional	ADJ
fbem-32351	39	14	terms	term	NOUN
fbem-32351	39	15	(	(	PUNCT
fbem-32351	39	16	such	such	ADJ
fbem-32351	39	17	as	as	ADP
fbem-32351	39	18	"	"	PUNCT
fbem-32351	39	19	deferred	deferred	ADJ
fbem-32351	39	20	income	income	NOUN
fbem-32351	39	21	tax	tax	NOUN
fbem-32351	39	22	assets	asset	NOUN
fbem-32351	39	23	"	"	PUNCT
fbem-32351	39	24	,	,	PUNCT
fbem-32351	39	25	"	"	PUNCT
fbem-32351	39	26	goodwill	goodwill	NOUN
fbem-32351	39	27	impairment	impairment	ADJ
fbem-32351	39	28	test	test	NOUN
fbem-32351	39	29	"	"	PUNCT
fbem-32351	39	30	)	)	PUNCT
fbem-32351	39	31	,	,	PUNCT
fbem-32351	39	32	making	make	VERB
fbem-32351	39	33	it	it	PRON
fbem-32351	39	34	difficult	difficult	ADJ
fbem-32351	39	35	for	for	SCONJ
fbem-32351	39	36	ordinary	ordinary	ADJ
fbem-32351	39	37	investors	investor	NOUN
fbem-32351	39	38	to	to	PART
fbem-32351	39	39	understand	understand	VERB
fbem-32351	39	40	according	accord	VERB
fbem-32351	39	41	to	to	ADP
fbem-32351	39	42	a	a	DET
fbem-32351	39	43	2024	2024	NUM
fbem-32351	39	44	survey	survey	NOUN
fbem-32351	39	45	by	by	ADP
fbem-32351	39	46	the	the	DET
fbem-32351	39	47	investor	investor	NOUN
fbem-32351	39	48	protection	protection	PROPN
fbem-32351	39	49	bureau	bureau	PROPN
fbem-32351	39	50	of	of	ADP
fbem-32351	39	51	the	the	DET
fbem-32351	39	52	china	china	PROPN
fbem-32351	39	53	securities	securities	PROPN
fbem-32351	39	54	regulatory	regulatory	PROPN
fbem-32351	39	55	commission	commission	PROPN
fbem-32351	39	56	,	,	PUNCT
fbem-32351	39	57	only	only	ADV
fbem-32351	39	58	30	30	NUM
fbem-32351	39	59	%	%	NOUN
fbem-32351	39	60	of	of	ADP
fbem-32351	39	61	individual	individual	ADJ
fbem-32351	39	62	investors	investor	NOUN
fbem-32351	39	63	can	can	AUX
fbem-32351	39	64	understand	understand	VERB
fbem-32351	39	65	the	the	DET
fbem-32351	39	66	core	core	ADJ
fbem-32351	39	67	logic	logic	NOUN
fbem-32351	39	68	of	of	ADP
fbem-32351	39	69	the	the	DET
fbem-32351	39	70	cash	cash	NOUN
fbem-32351	39	71	flow	flow	NOUN
fbem-32351	39	72	statement	statement	NOUN
fbem-32351	39	73	;	;	PUNCT
fbem-32351	39	74	enterprises	enterprise	NOUN
fbem-32351	39	75	mechanically	mechanically	ADV
fbem-32351	39	76	apply	apply	VERB
fbem-32351	39	77	templates	template	NOUN
fbem-32351	39	78	,	,	PUNCT
fbem-32351	39	79	providing	provide	VERB
fbem-32351	39	80	insufficient	insufficient	ADJ
fbem-32351	39	81	personalized	personalize	VERB
fbem-32351	39	82	informati	informati	NOUN
fbem-32351	39	83	on	on	ADP
fbem-32351	39	84	on	on	ADP
fbem-32351	39	85	performance	performance	NOUN
fbem-32351	39	86	drivers	driver	NOUN
fbem-32351	39	87	,	,	PUNCT
fbem-32351	39	88	for	for	ADP
fbem-32351	39	89	example	example	NOUN
fbem-32351	39	90	,	,	PUNCT
fbem-32351	39	91	a	a	DET
fbem-32351	39	92	certain	certain	ADJ
fbem-32351	39	93	internet	internet	NOUN
fbem-32351	39	94	company	company	NOUN
fbem-32351	39	95	's	's	PART
fbem-32351	39	96	annual	annual	ADJ
fbem-32351	39	97	report	report	NOUN
fbem-32351	39	98	only	only	ADV
fbem-32351	39	99	disclosed	disclose	VERB
fbem-32351	39	100	that	that	SCONJ
fbem-32351	39	101	"	"	PUNCT
fbem-32351	39	102	revenue	revenue	NOUN
fbem-32351	39	103	increased	increase	VERB
fbem-32351	39	104	by	by	ADP
fbem-32351	39	105	20	20	NUM
fbem-32351	39	106	%	%	NOUN
fbem-32351	39	107	"	"	PUNCT
fbem-32351	39	108	,	,	PUNCT
fbem-32351	39	109	without	without	ADP
fbem-32351	39	110	explaining	explain	VERB
fbem-32351	39	111	whether	whether	SCONJ
fbem-32351	39	112	the	the	DET
fbem-32351	39	113	growth	growth	NOUN
fbem-32351	39	114	was	be	AUX
fbem-32351	39	115	due	due	ADJ
fbem-32351	39	116	to	to	ADP
fbem-32351	39	117	an	an	DET
fbem-32351	39	118	expansion	expansion	NOUN
fbem-32351	39	119	in	in	ADP
fbem-32351	39	120	user	user	NOUN
fbem-32351	39	121	base	base	NOUN
fbem-32351	39	122	(	(	PUNCT
fbem-32351	39	123	50	50	NUM
fbem-32351	39	124	million	million	NUM
fbem-32351	39	125	new	new	ADJ
fbem-32351	39	126	users	user	NOUN
fbem-32351	39	127	)	)	PUNCT
fbem-32351	39	128	or	or	CCONJ
fbem-32351	39	129	an	an	DET
fbem-32351	39	130	increase	increase	NOUN
fbem-32351	39	131	in	in	ADP
fbem-32351	39	132	average	average	ADJ
fbem-32351	39	133	transaction	transaction	NOUN
fbem-32351	39	134	value	value	NOUN
fbem-32351	39	135	(	(	PUNCT
fbem-32351	39	136	from	from	ADP
fbem-32351	39	137	100	100	NUM
fbem-32351	39	138	yuan	yuan	NOUN
fbem-32351	39	139	to	to	ADP
fbem-32351	39	140	120	120	NUM
fbem-32351	39	141	yuan	yuan	NOUN
fbem-32351	39	142	)	)	PUNCT
fbem-32351	39	143	,	,	PUNCT
fbem-32351	39	144	making	make	VERB
fbem-32351	39	145	it	it	PRON
fbem-32351	39	146	difficult	difficult	ADJ
fbem-32351	39	147	for	for	SCONJ
fbem-32351	39	148	investors	investor	NOUN
fbem-32351	39	149	to	to	PART
fbem-32351	39	150	judge	judge	VERB
fbem-32351	39	151	the	the	DET
fbem-32351	39	152	sustainability	sustainability	NOUN
fbem-32351	39	153	of	of	ADP
fbem-32351	39	154	the	the	DET
fbem-32351	39	155	growth	growth	NOUN
fbem-32351	39	156	.	.	PUNCT
fbem-32351	40	1	[	[	X
fbem-32351	40	2	some	some	DET
fbem-32351	40	3	enterprises	enterprise	NOUN
fbem-32351	40	4	also	also	ADV
fbem-32351	40	5	have	have	VERB
fbem-32351	40	6	the	the	DET
fbem-32351	40	7	problem	problem	NOUN
fbem-32351	40	8	of	of	ADP
fbem-32351	40	9	"	"	PUNCT
fbem-32351	40	10	selective	selective	ADJ
fbem-32351	40	11	disclosure	disclosure	NOUN
fbem-32351	40	12	"	"	PUNCT
fbem-32351	40	13	,	,	PUNCT
fbem-32351	40	14	providing	provide	VERB
fbem-32351	40	15	detailed	detailed	ADJ
fbem-32351	40	16	information	information	NOUN
fbem-32351	40	17	on	on	ADP
fbem-32351	40	18	favorable	favorable	ADJ
fbem-32351	40	19	news	news	NOUN
fbem-32351	40	20	(	(	PUNCT
fbem-32351	40	21	such	such	ADJ
fbem-32351	40	22	as	as	ADP
fbem-32351	40	23	government	government	NOUN
fbem-32351	40	24	subsidies	subsidy	NOUN
fbem-32351	40	25	)	)	PUNCT
fbem-32351	40	26	but	but	CCONJ
fbem-32351	40	27	only	only	ADV
fbem-32351	40	28	briefly	briefly	ADV
fbem-32351	40	29	mentioning	mention	VERB
fbem-32351	40	30	unfavorable	unfavorable	ADJ
fbem-32351	40	31	news	news	NOUN
fbem-32351	40	32	(	(	PUNCT
fbem-32351	40	33	such	such	ADJ
fbem-32351	40	34	as	as	ADP
fbem-32351	40	35	the	the	DET
fbem-32351	40	36	departure	departure	NOUN
fbem-32351	40	37	of	of	ADP
fbem-32351	40	38	core	core	NOUN
fbem-32351	40	39	technical	technical	ADJ
fbem-32351	40	40	personnel	personnel	NOUN
fbem-32351	40	41	)	)	PUNCT
fbem-32351	40	42	,	,	PUNCT
fbem-32351	40	43	further	far	ADV
fbem-32351	40	44	reducing	reduce	VERB
fbem-32351	40	45	the	the	DET
fbem-32351	40	46	practicality	practicality	NOUN
fbem-32351	40	47	of	of	ADP
fbem-32351	40	48	the	the	DET
fbem-32351	40	49	information	information	NOUN
fbem-32351	40	50	.	.	PUNCT
fbem-32351	40	51	]	]	PUNCT
fbem-32351	41	1	4.2	4.2	X
fbem-32351	41	2	.	.	PUNCT
fbem-32351	41	3	weak	weak	ADJ
fbem-32351	41	4	supervision	supervision	NOUN
fbem-32351	41	5	and	and	CCONJ
fbem-32351	41	6	law	law	NOUN
fbem-32351	41	7	enforcement	enforcement	NOUN
fbem-32351	41	8	insufficient	insufficient	ADJ
fbem-32351	41	9	coordination	coordination	NOUN
fbem-32351	41	10	:	:	PUNCT
fbem-32351	41	11	there	there	PRON
fbem-32351	41	12	are	be	VERB
fbem-32351	41	13	information	information	NOUN
fbem-32351	41	14	barriers	barrier	NOUN
fbem-32351	41	15	among	among	ADP
fbem-32351	41	16	multiple	multiple	ADJ
fbem-32351	41	17	regulatory	regulatory	ADJ
fbem-32351	41	18	authorities	authority	NOUN
fbem-32351	41	19	such	such	ADJ
fbem-32351	41	20	as	as	ADP
fbem-32351	41	21	the	the	DET
fbem-32351	41	22	china	china	PROPN
fbem-32351	41	23	securities	securities	PROPN
fbem-32351	41	24	regulatory	regulatory	PROPN
fbem-32351	41	25	commission	commission	PROPN
fbem-32351	41	26	(	(	PUNCT
fbem-32351	41	27	csrc	csrc	PROPN
fbem-32351	41	28	)	)	PUNCT
fbem-32351	41	29	,	,	PUNCT
fbem-32351	41	30	stock	stock	NOUN
fbem-32351	41	31	exchanges	exchange	NOUN
fbem-32351	41	32	,	,	PUNCT
fbem-32351	41	33	the	the	DET
fbem-32351	41	34	ministry	ministry	PROPN
fbem-32351	41	35	of	of	ADP
fbem-32351	41	36	finance	finance	PROPN
fbem-32351	41	37	,	,	PUNCT
fbem-32351	41	38	and	and	CCONJ
fbem-32351	41	39	the	the	DET
fbem-32351	41	40	state	state	PROPN
fbem-32351	41	41	taxation	taxation	NOUN
fbem-32351	41	42	administration	administration	NOUN
fbem-32351	41	43	,	,	PUNCT
fbem-32351	41	44	and	and	CCONJ
fbem-32351	41	45	the	the	DET
fbem-32351	41	46	cross	cross	ADJ
fbem-32351	41	47	-	-	ADJ
fbem-32351	41	48	departmental	departmental	ADJ
fbem-32351	41	49	investigation	investigation	NOUN
fbem-32351	41	50	process	process	NOUN
fbem-32351	41	51	is	be	AUX
fbem-32351	41	52	cumbersome	cumbersome	ADJ
fbem-32351	41	53	in	in	ADP
fbem-32351	41	54	a	a	DET
fbem-32351	41	55	financial	financial	ADJ
fbem-32351	41	56	fraud	fraud	NOUN
fbem-32351	41	57	case	case	NOUN
fbem-32351	41	58	of	of	ADP
fbem-32351	41	59	a	a	DET
fbem-32351	41	60	listed	list	VERB
fbem-32351	41	61	company	company	NOUN
fbem-32351	41	62	,	,	PUNCT
fbem-32351	41	63	the	the	DET
fbem-32351	41	64	csrc	csrc	NOUN
fbem-32351	41	65	needed	need	VERB
fbem-32351	41	66	to	to	PART
fbem-32351	41	67	apply	apply	VERB
fbem-32351	41	68	to	to	ADP
fbem-32351	41	69	the	the	DET
fbem-32351	41	70	tax	tax	NOUN
fbem-32351	41	71	department	department	NOUN
fbem-32351	41	72	for	for	ADP
fbem-32351	41	73	the	the	DET
fbem-32351	41	74	company	company	NOUN
fbem-32351	41	75	's	's	PART
fbem-32351	41	76	tax	tax	NOUN
fbem-32351	41	77	payment	payment	NOUN
fbem-32351	41	78	data	datum	NOUN
fbem-32351	41	79	and	and	CCONJ
fbem-32351	41	80	to	to	ADP
fbem-32351	41	81	the	the	DET
fbem-32351	41	82	bank	bank	NOUN
fbem-32351	41	83	for	for	ADP
fbem-32351	41	84	transaction	transaction	NOUN
fbem-32351	41	85	records	record	NOUN
fbem-32351	41	86	,	,	PUNCT
fbem-32351	41	87	with	with	ADP
fbem-32351	41	88	the	the	DET
fbem-32351	41	89	process	process	NOUN
fbem-32351	41	90	taking	take	VERB
fbem-32351	41	91	over	over	ADP
fbem-32351	41	92	3	3	NUM
fbem-32351	41	93	months	month	NOUN
fbem-32351	41	94	,	,	PUNCT
fbem-32351	41	95	missing	miss	VERB
fbem-32351	41	96	the	the	DET
fbem-32351	41	97	best	good	ADJ
fbem-32351	41	98	investigation	investigation	NOUN
fbem-32351	41	99	opportunity	opportunity	NOUN
fbem-32351	41	100	.	.	PUNCT
fbem-32351	42	1	[	[	X
fbem-32351	42	2	the	the	DET
fbem-32351	42	3	data	data	NOUN
fbem-32351	42	4	systems	system	NOUN
fbem-32351	42	5	of	of	ADP
fbem-32351	42	6	various	various	ADJ
fbem-32351	42	7	departments	department	NOUN
fbem-32351	42	8	are	be	AUX
fbem-32351	42	9	not	not	PART
fbem-32351	42	10	interconnected	interconnected	ADJ
fbem-32351	42	11	,	,	PUNCT
fbem-32351	42	12	for	for	ADP
fbem-32351	42	13	example	example	NOUN
fbem-32351	42	14	,	,	PUNCT
fbem-32351	42	15	the	the	DET
fbem-32351	42	16	disclosure	disclosure	NOUN
fbem-32351	42	17	information	information	NOUN
fbem-32351	42	18	system	system	NOUN
fbem-32351	42	19	of	of	ADP
fbem-32351	42	20	the	the	DET
fbem-32351	42	21	stock	stock	NOUN
fbem-32351	42	22	exchange	exchange	NOUN
fbem-32351	42	23	and	and	CCONJ
fbem-32351	42	24	the	the	DET
fbem-32351	42	25	tax	tax	NOUN
fbem-32351	42	26	collection	collection	NOUN
fbem-32351	42	27	and	and	CCONJ
fbem-32351	42	28	management	management	NOUN
fbem-32351	42	29	system	system	NOUN
fbem-32351	42	30	of	of	ADP
fbem-32351	42	31	the	the	DET
fbem-32351	42	32	tax	tax	NOUN
fbem-32351	42	33	department	department	NOUN
fbem-32351	42	34	can	can	AUX
fbem-32351	42	35	not	not	PART
fbem-32351	42	36	share	share	VERB
fbem-32351	42	37	data	datum	NOUN
fbem-32351	42	38	,	,	PUNCT
fbem-32351	42	39	making	make	VERB
fbem-32351	42	40	it	it	PRON
fbem-32351	42	41	difficult	difficult	ADJ
fbem-32351	42	42	for	for	SCONJ
fbem-32351	42	43	regulatory	regulatory	ADJ
fbem-32351	42	44	authorities	authority	NOUN
fbem-32351	42	45	to	to	PART
fbem-32351	42	46	quickly	quickly	ADV
fbem-32351	42	47	verify	verify	VERB
fbem-32351	42	48	the	the	DET
fbem-32351	42	49	authenticity	authenticity	NOUN
fbem-32351	42	50	of	of	ADP
fbem-32351	42	51	a	a	DET
fbem-32351	42	52	company	company	NOUN
fbem-32351	42	53	's	's	PART
fbem-32351	42	54	revenue	revenue	NOUN
fbem-32351	42	55	and	and	CCONJ
fbem-32351	42	56	profits	profit	NOUN
fbem-32351	42	57	.	.	PUNCT
fbem-32351	42	58	]	]	PUNCT
fbem-32351	43	1	lagging	lag	VERB
fbem-32351	43	2	technological	technological	ADJ
fbem-32351	43	3	means	mean	NOUN
fbem-32351	43	4	:	:	PUNCT
fbem-32351	43	5	traditional	traditional	ADJ
fbem-32351	43	6	manual	manual	ADJ
fbem-32351	43	7	verification	verification	NOUN
fbem-32351	43	8	(	(	PUNCT
fbem-32351	43	9	such	such	ADJ
fbem-32351	43	10	as	as	ADP
fbem-32351	43	11	spot	spot	NOUN
fbem-32351	43	12	-	-	PUNCT
fbem-32351	43	13	checking	check	VERB
fbem-32351	43	14	paper	paper	NOUN
fbem-32351	43	15	vouchers	voucher	NOUN
fbem-32351	43	16	,	,	PUNCT
fbem-32351	43	17	interviewing	interview	VERB
fbem-32351	43	18	relevant	relevant	ADJ
fbem-32351	43	19	personnel	personnel	NOUN
fbem-32351	43	20	)	)	PUNCT
fbem-32351	43	21	is	be	AUX
fbem-32351	43	22	difficult	difficult	ADJ
fbem-32351	43	23	to	to	PART
fbem-32351	43	24	cope	cope	VERB
fbem-32351	43	25	with	with	ADP
fbem-32351	43	26	the	the	DET
fbem-32351	43	27	increasing	increase	VERB
fbem-32351	43	28	number	number	NOUN
fbem-32351	43	29	of	of	ADP
fbem-32351	43	30	listed	list	VERB
fbem-32351	43	31	companies	company	NOUN
fbem-32351	43	32	(	(	PUNCT
fbem-32351	43	33	over	over	ADP
fbem-32351	43	34	5,500	5,500	NUM
fbem-32351	43	35	a	a	DET
fbem-32351	43	36	-	-	PUNCT
fbem-32351	43	37	share	share	NOUN
fbem-32351	43	38	listed	list	VERB
fbem-32351	43	39	companies	company	NOUN
fbem-32351	43	40	by	by	ADP
fbem-32351	43	41	the	the	DET
fbem-32351	43	42	end	end	NOUN
fbem-32351	43	43	of	of	ADP
fbem-32351	43	44	2024	2024	NUM
fbem-32351	43	45	)	)	PUNCT
fbem-32351	43	46	and	and	CCONJ
fbem-32351	43	47	the	the	DET
fbem-32351	43	48	complexity	complexity	NOUN
fbem-32351	43	49	of	of	ADP
fbem-32351	43	50	disclosed	disclose	VERB
fbem-32351	43	51	content	content	NOUN
fbem-32351	43	52	(	(	PUNCT
fbem-32351	43	53	such	such	ADJ
fbem-32351	43	54	as	as	ADP
fbem-32351	43	55	complex	complex	ADJ
fbem-32351	43	56	financial	financial	ADJ
fbem-32351	43	57	instrument	instrument	NOUN
fbem-32351	43	58	nesting	nesting	NOUN
fbem-32351	43	59	,	,	PUNCT
fbem-32351	43	60	cross	cross	ADJ
fbem-32351	43	61	-	-	ADJ
fbem-32351	43	62	border	border	ADJ
fbem-32351	43	63	business	business	NOUN
fbem-32351	43	64	related	relate	VERB
fbem-32351	43	65	-	-	PUNCT
fbem-32351	43	66	party	party	NOUN
fbem-32351	43	67	transactions	transaction	NOUN
fbem-32351	43	68	)	)	PUNCT
fbem-32351	43	69	,	,	PUNCT
fbem-32351	43	70	and	and	CCONJ
fbem-32351	43	71	has	have	VERB
fbem-32351	43	72	insufficient	insufficient	ADJ
fbem-32351	43	73	ability	ability	NOUN
fbem-32351	43	74	to	to	PART
fbem-32351	43	75	identify	identify	VERB
fbem-32351	43	76	concealed	conceal	VERB
fbem-32351	43	77	violations	violation	NOUN
fbem-32351	43	78	.	.	PUNCT
fbem-32351	44	1	for	for	ADP
fbem-32351	44	2	instance	instance	NOUN
fbem-32351	44	3	,	,	PUNCT
fbem-32351	44	4	a	a	DET
fbem-32351	44	5	certain	certain	ADJ
fbem-32351	44	6	listed	list	VERB
fbem-32351	44	7	company	company	NOUN
fbem-32351	44	8	inflated	inflate	VERB
fbem-32351	44	9	its	its	PRON
fbem-32351	44	10	revenue	revenue	NOUN
fbem-32351	44	11	through	through	ADP
fbem-32351	44	12	"	"	PUNCT
fbem-32351	44	13	shell	shell	ADJ
fbem-32351	44	14	company	company	NOUN
fbem-32351	44	15	circular	circular	ADJ
fbem-32351	44	16	transactions	transaction	NOUN
fbem-32351	44	17	"	"	PUNCT
fbem-32351	44	18	,	,	PUNCT
fbem-32351	44	19	and	and	CCONJ
fbem-32351	44	20	manual	manual	ADJ
fbem-32351	44	21	verification	verification	NOUN
fbem-32351	44	22	was	be	AUX
fbem-32351	44	23	unable	unable	ADJ
fbem-32351	44	24	to	to	PART
fbem-32351	44	25	trace	trace	VERB
fbem-32351	44	26	the	the	DET
fbem-32351	44	27	actual	actual	ADJ
fbem-32351	44	28	controller	controller	NOUN
fbem-32351	44	29	of	of	ADP
fbem-32351	44	30	the	the	DET
fbem-32351	44	31	transaction	transaction	NOUN
fbem-32351	44	32	counterparty	counterparty	NOUN
fbem-32351	44	33	,	,	PUNCT
fbem-32351	44	34	while	while	SCONJ
fbem-32351	44	35	the	the	DET
fbem-32351	44	36	existing	exist	VERB
fbem-32351	44	37	regulatory	regulatory	ADJ
fbem-32351	44	38	system	system	NOUN
fbem-32351	44	39	lacks	lack	VERB
fbem-32351	44	40	big	big	ADJ
fbem-32351	44	41	data	datum	NOUN
fbem-32351	44	42	analysis	analysis	NOUN
fbem-32351	44	43	capabilities	capability	NOUN
fbem-32351	44	44	and	and	CCONJ
fbem-32351	44	45	can	can	AUX
fbem-32351	44	46	not	not	PART
fbem-32351	44	47	automatically	automatically	ADV
fbem-32351	44	48	identify	identify	VERB
fbem-32351	44	49	abnormal	abnormal	ADJ
fbem-32351	44	50	signals	signal	NOUN
fbem-32351	44	51	such	such	ADJ
fbem-32351	44	52	as	as	ADP
fbem-32351	44	53	"	"	PUNCT
fbem-32351	44	54	the	the	DET
fbem-32351	44	55	same	same	ADJ
fbem-32351	44	56	registered	register	VERB
fbem-32351	44	57	address	address	NOUN
fbem-32351	44	58	of	of	ADP
fbem-32351	44	59	the	the	DET
fbem-32351	44	60	transaction	transaction	NOUN
fbem-32351	44	61	counterparty	counterparty	NOUN
fbem-32351	44	62	and	and	CCONJ
fbem-32351	44	63	a	a	DET
fbem-32351	44	64	closed	closed	ADJ
fbem-32351	44	65	-loop	-loop	NOUN
fbem-32351	44	66	of	of	ADP
fbem-32351	44	67	capital	capital	NOUN
fbem-32351	44	68	flow	flow	NOUN
fbem-32351	44	69	"	"	PUNCT
fbem-32351	44	70	.	.	PUNCT
fbem-32351	45	1	[	[	X
fbem-32351	45	2	some	some	DET
fbem-32351	45	3	local	local	ADJ
fbem-32351	45	4	regulatory	regulatory	ADJ
fbem-32351	45	5	bureaus	bureau	NOUN
fbem-32351	45	6	still	still	ADV
fbem-32351	45	7	rely	rely	VERB
fbem-32351	45	8	on	on	ADP
fbem-32351	45	9	excel	excel	ADJ
fbem-32351	45	10	spreadsheets	spreadsheet	NOUN
fbem-32351	45	11	for	for	ADP
fbem-32351	45	12	data	datum	NOUN
fbem-32351	45	13	statistics	statistic	NOUN
fbem-32351	45	14	and	and	CCONJ
fbem-32351	45	15	can	can	AUX
fbem-32351	45	16	not	not	PART
fbem-32351	45	17	achieve	achieve	VERB
fbem-32351	45	18	real	real	ADJ
fbem-32351	45	19	time	time	NOUN
fbem-32351	45	20	monitoring	monitoring	NOUN
fbem-32351	45	21	and	and	CCONJ
fbem-32351	45	22	risk	risk	NOUN
fbem-32351	45	23	warning	warning	NOUN
fbem-32351	45	24	of	of	ADP
fbem-32351	45	25	the	the	DET
fbem-32351	45	26	disclosed	disclose	VERB
fbem-32351	45	27	data	datum	NOUN
fbem-32351	45	28	of	of	ADP
fbem-32351	45	29	enterprises	enterprise	NOUN
fbem-32351	45	30	.	.	PUNCT
fbem-32351	45	31	]	]	PUNCT
fbem-32351	46	1	insufficient	insufficient	ADJ
fbem-32351	46	2	penalty	penalty	NOUN
fbem-32351	46	3	severity	severity	NOUN
fbem-32351	46	4	:	:	PUNCT
fbem-32351	46	5	the	the	DET
fbem-32351	46	6	responsibility	responsibility	NOUN
fbem-32351	46	7	is	be	AUX
fbem-32351	46	8	mostly	mostly	ADV
fbem-32351	46	9	concentrated	concentrate	VERB
fbem-32351	46	10	at	at	ADP
fbem-32351	46	11	the	the	DET
fbem-32351	46	12	enterprise	enterprise	NOUN
fbem-32351	46	13	level	level	NOUN
fbem-32351	46	14	(	(	PUNCT
fbem-32351	46	15	such	such	ADJ
fbem-32351	46	16	as	as	ADP
fbem-32351	46	17	fines	fine	NOUN
fbem-32351	46	18	of	of	ADP
fbem-32351	46	19	300,000	300,000	NUM
fbem-32351	46	20	to	to	PART
fbem-32351	46	21	600,000	600,000	NUM
fbem-32351	46	22	yuan	yuan	NOUN
fbem-32351	46	23	for	for	ADP
fbem-32351	46	24	listed	list	VERB
fbem-32351	46	25	companies	company	NOUN
fbem-32351	46	26	)	)	PUNCT
fbem-32351	46	27	,	,	PUNCT
fbem-32351	46	28	while	while	SCONJ
fbem-32351	46	29	the	the	DET
fbem-32351	46	30	accountability	accountability	NOUN
fbem-32351	46	31	for	for	ADP
fbem-32351	46	32	controlling	control	VERB
fbem-32351	46	33	sh	sh	PROPN
fbem-32351	46	34	areholders	areholder	NOUN
fbem-32351	46	35	,	,	PUNCT
fbem-32351	46	36	actual	actual	ADJ
fbem-32351	46	37	controllers	controller	NOUN
fbem-32351	46	38	,	,	PUNCT
fbem-32351	46	39	and	and	CCONJ
fbem-32351	46	40	intermediary	intermediary	ADJ
fbem-32351	46	41	institutions	institution	NOUN
fbem-32351	46	42	(	(	PUNCT
fbem-32351	46	43	accounting	accounting	NOUN
fbem-32351	46	44	firms	firm	NOUN
fbem-32351	46	45	,	,	PUNCT
fbem-32351	46	46	underwriting	underwriting	NOUN
fbem-32351	46	47	institutions	institution	NOUN
fbem-32351	46	48	)	)	PUNCT
fbem-32351	46	49	is	be	AUX
fbem-32351	46	50	relatively	relatively	ADV
fbem-32351	46	51	lenient	lenient	ADJ
fbem-32351	46	52	.	.	PUNCT
fbem-32351	47	1	in	in	ADP
fbem-32351	47	2	a	a	DET
fbem-32351	47	3	financial	financial	ADJ
fbem-32351	47	4	fraud	fraud	NOUN
fbem-32351	47	5	case	case	NOUN
fbem-32351	47	6	in	in	ADP
fbem-32351	47	7	2023	2023	NUM
fbem-32351	47	8	,	,	PUNCT
fbem-32351	47	9	the	the	DET
fbem-32351	47	10	listed	list	VERB
fbem-32351	47	11	company	company	NOUN
fbem-32351	47	12	was	be	AUX
fbem-32351	47	13	fined	fine	VERB
fbem-32351	47	14	500,000	500,000	NUM
fbem-32351	47	15	yuan	yuan	NOUN
fbem-32351	47	16	,	,	PUNCT
fbem-32351	47	17	while	while	SCONJ
fbem-32351	47	18	the	the	DET
fbem-32351	47	19	controlling	control	VERB
fbem-32351	47	20	shareholder	shareholder	NOUN
fbem-32351	47	21	,	,	PUNCT
fbem-32351	47	22	who	who	PRON
fbem-32351	47	23	made	make	VERB
fbem-32351	47	24	over	over	ADP
fbem-32351	47	25	200	200	NUM
fbem-32351	47	26	million	million	NUM
fbem-32351	47	27	yuan	yuan	NOUN
fbem-32351	47	28	by	by	ADP
fbem-32351	47	29	reducing	reduce	VERB
fbem-32351	47	30	shares	share	NOUN
fbem-32351	47	31	after	after	ADP
fbem-32351	47	32	inflating	inflate	VERB
fbem-32351	47	33	the	the	DET
fbem-32351	47	34	stock	stock	NOUN
fbem-32351	47	35	price	price	NOUN
fbem-32351	47	36	through	through	ADP
fbem-32351	47	37	fraud	fraud	NOUN
fbem-32351	47	38	,	,	PUNCT
fbem-32351	47	39	was	be	AUX
fbem-32351	47	40	only	only	ADV
fbem-32351	47	41	fined	fine	VERB
fbem-32351	47	42	1	1	NUM
fbem-32351	47	43	million	million	NUM
fbem-32351	47	44	yuan	yuan	NOUN
fbem-32351	47	45	.	.	PUNCT
fbem-32351	48	1	the	the	DET
fbem-32351	48	2	penalty	penalty	NOUN
fbem-32351	48	3	was	be	AUX
fbem-32351	48	4	seriously	seriously	ADV
fbem-32351	48	5	113	113	NUM
fbem-32351	48	6	mismatched	mismatch	VERB
fbem-32351	48	7	with	with	ADP
fbem-32351	48	8	the	the	DET
fbem-32351	48	9	illegal	illegal	ADJ
fbem-32351	48	10	gains	gain	NOUN
fbem-32351	48	11	.	.	PUNCT
fbem-32351	49	1	regarding	regard	VERB
fbem-32351	49	2	intermediary	intermediary	ADJ
fbem-32351	49	3	institutions	institution	NOUN
fbem-32351	49	4	,	,	PUNCT
fbem-32351	49	5	an	an	DET
fbem-32351	49	6	accounting	accounting	NOUN
fbem-32351	49	7	firm	firm	NOUN
fbem-32351	49	8	that	that	PRON
fbem-32351	49	9	issued	issue	VERB
fbem-32351	49	10	a	a	DET
fbem-32351	49	11	false	false	ADJ
fbem-32351	49	12	audit	audit	NOUN
fbem-32351	49	13	report	report	NOUN
fbem-32351	49	14	was	be	AUX
fbem-32351	49	15	only	only	ADV
fbem-32351	49	16	suspended	suspend	VERB
fbem-32351	49	17	from	from	ADP
fbem-32351	49	18	practice	practice	NOUN
fbem-32351	49	19	for	for	ADP
fbem-32351	49	20	three	three	NUM
fbem-32351	49	21	months	month	NOUN
fbem-32351	49	22	,	,	PUNCT
fbem-32351	49	23	and	and	CCONJ
fbem-32351	49	24	the	the	DET
fbem-32351	49	25	criminal	criminal	ADJ
fbem-32351	49	26	responsibility	responsibility	NOUN
fbem-32351	49	27	of	of	ADP
fbem-32351	49	28	the	the	DET
fbem-32351	49	29	signing	signing	NOUN
fbem-32351	49	30	accountant	accountant	NOUN
fbem-32351	49	31	was	be	AUX
fbem-32351	49	32	not	not	PART
fbem-32351	49	33	pursued	pursue	VERB
fbem-32351	49	34	,	,	PUNCT
fbem-32351	49	35	resulting	result	VERB
fbem-32351	49	36	in	in	ADP
fbem-32351	49	37	limited	limited	ADJ
fbem-32351	49	38	deterrence	deterrence	NOUN
fbem-32351	49	39	.	.	PUNCT
fbem-32351	50	1	additionally	additionally	ADV
fbem-32351	50	2	,	,	PUNCT
fbem-32351	50	3	the	the	DET
fbem-32351	50	4	connection	connection	NOUN
fbem-32351	50	5	between	between	ADP
fbem-32351	50	6	administrative	administrative	ADJ
fbem-32351	50	7	penalties	penalty	NOUN
fbem-32351	50	8	and	and	CCONJ
fbem-32351	50	9	criminal	criminal	ADJ
fbem-32351	50	10	responsibility	responsibility	NOUN
fbem-32351	50	11	is	be	AUX
fbem-32351	50	12	not	not	PART
fbem-32351	50	13	smooth	smooth	ADJ
fbem-32351	50	14	.	.	PUNCT
fbem-32351	51	1	some	some	DET
fbem-32351	51	2	fraud	fraud	NOUN
fbem-32351	51	3	behaviors	behavior	NOUN
fbem-32351	51	4	have	have	AUX
fbem-32351	51	5	already	already	ADV
fbem-32351	51	6	involved	involve	VERB
fbem-32351	51	7	criminal	criminal	ADJ
fbem-32351	51	8	activities	activity	NOUN
fbem-32351	51	9	,	,	PUNCT
fbem-32351	51	10	but	but	CCONJ
fbem-32351	51	11	due	due	ADP
fbem-32351	51	12	to	to	ADP
fbem-32351	51	13	the	the	DET
fbem-32351	51	14	cumbersome	cumbersome	ADJ
fbem-32351	51	15	process	process	NOUN
fbem-32351	51	16	of	of	ADP
fbem-32351	51	17	evidence	evidence	NOUN
fbem-32351	51	18	transfer	transfer	NOUN
fbem-32351	51	19	,	,	PUNCT
fbem-32351	51	20	they	they	PRON
fbem-32351	51	21	were	be	AUX
fbem-32351	51	22	ultimately	ultimately	ADV
fbem-32351	51	23	concluded	conclude	VERB
fbem-32351	51	24	with	with	ADP
fbem-32351	51	25	administrative	administrative	ADJ
fbem-32351	51	26	penalties	penalty	NOUN
fbem-32351	51	27	only	only	ADV
fbem-32351	51	28	.	.	PUNCT
fbem-32351	52	1	4.3	4.3	NUM
fbem-32351	52	2	.	.	PUNCT
fbem-32351	52	3	inadequate	inadequate	ADJ
fbem-32351	52	4	investor	investor	NOUN
fbem-32351	52	5	capabilities	capability	NOUN
fbem-32351	52	6	lack	lack	NOUN
fbem-32351	52	7	of	of	ADP
fbem-32351	52	8	professional	professional	ADJ
fbem-32351	52	9	knowledge	knowledge	NOUN
fbem-32351	52	10	:	:	PUNCT
fbem-32351	52	11	most	most	ADJ
fbem-32351	52	12	individual	individual	ADJ
fbem-32351	52	13	investors	investor	NOUN
fbem-32351	52	14	lack	lack	VERB
fbem-32351	52	15	the	the	DET
fbem-32351	52	16	ability	ability	NOUN
fbem-32351	52	17	to	to	PART
fbem-32351	52	18	conduct	conduct	VERB
fbem-32351	52	19	financial	financial	ADJ
fbem-32351	52	20	analysis	analysis	NOUN
fbem-32351	52	21	and	and	CCONJ
fbem-32351	52	22	are	be	AUX
fbem-32351	52	23	easily	easily	ADV
fbem-32351	52	24	misled	mislead	VERB
fbem-32351	52	25	by	by	ADP
fbem-32351	52	26	surface	surface	NOUN
fbem-32351	52	27	indicators	indicator	NOUN
fbem-32351	52	28	such	such	ADJ
fbem-32351	52	29	as	as	ADP
fbem-32351	52	30	"	"	PUNCT
fbem-32351	52	31	net	net	ADJ
fbem-32351	52	32	profit	profit	NOUN
fbem-32351	52	33	"	"	PUNCT
fbem-32351	52	34	,	,	PUNCT
fbem-32351	52	35	ignoring	ignore	VERB
fbem-32351	52	36	the	the	DET
fbem-32351	52	37	divergence	divergence	NOUN
fbem-32351	52	38	between	between	ADP
fbem-32351	52	39	cash	cash	NOUN
fbem-32351	52	40	flow	flow	NOUN
fbem-32351	52	41	and	and	CCONJ
fbem-32351	52	42	profit	profit	NOUN
fbem-32351	52	43	.	.	PUNCT
fbem-32351	53	1	in	in	ADP
fbem-32351	53	2	2024	2024	NUM
fbem-32351	53	3	,	,	PUNCT
fbem-32351	53	4	a	a	DET
fbem-32351	53	5	listed	list	VERB
fbem-32351	53	6	company	company	NOUN
fbem-32351	53	7	had	have	VERB
fbem-32351	53	8	a	a	DET
fbem-32351	53	9	net	net	ADJ
fbem-32351	53	10	profit	profit	NOUN
fbem-32351	53	11	of	of	ADP
fbem-32351	53	12	2	2	NUM
fbem-32351	53	13	billion	billion	NUM
fbem-32351	53	14	yuan	yuan	NOUN
fbem-32351	53	15	,	,	PUNCT
fbem-32351	53	16	but	but	CCONJ
fbem-32351	53	17	its	its	PRON
fbem-32351	53	18	net	net	ADJ
fbem-32351	53	19	cash	cash	NOUN
fbem-32351	53	20	flow	flow	NOUN
fbem-32351	53	21	from	from	ADP
fbem-32351	53	22	operating	operating	NOUN
fbem-32351	53	23	activities	activity	NOUN
fbem-32351	53	24	was	be	AUX
fbem-32351	53	25	-500	-500	NUM
fbem-32351	53	26	million	million	NUM
fbem-32351	53	27	yuan	yuan	NOUN
fbem-32351	53	28	,	,	PUNCT
fbem-32351	53	29	mainly	mainly	ADV
fbem-32351	53	30	due	due	ADP
fbem-32351	53	31	to	to	ADP
fbem-32351	53	32	inflated	inflated	ADJ
fbem-32351	53	33	accounts	account	NOUN
fbem-32351	53	34	receivable	receivable	ADJ
fbem-32351	53	35	.	.	PUNCT
fbem-32351	54	1	however	however	ADV
fbem-32351	54	2	,	,	PUNCT
fbem-32351	54	3	60	60	NUM
fbem-32351	54	4	%	%	NOUN
fbem-32351	54	5	of	of	ADP
fbem-32351	54	6	individual	individual	ADJ
fbem-32351	54	7	investors	investor	NOUN
fbem-32351	54	8	still	still	ADV
fbem-32351	54	9	bought	buy	VERB
fbem-32351	54	10	the	the	DET
fbem-32351	54	11	stock	stock	NOUN
fbem-32351	54	12	due	due	ADP
fbem-32351	54	13	to	to	ADP
fbem-32351	54	14	the	the	DET
fbem-32351	54	15	"	"	PUNCT
fbem-32351	54	16	increase	increase	NOUN
fbem-32351	54	17	in	in	ADP
fbem-32351	54	18	net	net	ADJ
fbem-32351	54	19	profit	profit	NOUN
fbem-32351	54	20	"	"	PUNCT
fbem-32351	54	21	,	,	PUNCT
fbem-32351	54	22	and	and	CCONJ
fbem-32351	54	23	eventually	eventually	ADV
fbem-32351	54	24	suffered	suffer	VERB
fbem-32351	54	25	losses	loss	NOUN
fbem-32351	54	26	due	due	ADP
fbem-32351	54	27	to	to	ADP
fbem-32351	54	28	the	the	DET
fbem-32351	54	29	company	company	NOUN
fbem-32351	54	30	's	's	PART
fbem-32351	54	31	delisting	delisting	NOUN
fbem-32351	54	32	.	.	PUNCT
fbem-32351	55	1	some	some	DET
fbem-32351	55	2	investors	investor	NOUN
fbem-32351	55	3	even	even	ADV
fbem-32351	55	4	fail	fail	VERB
fbem-32351	55	5	to	to	PART
fbem-32351	55	6	distinguish	distinguish	VERB
fbem-32351	55	7	between	between	ADP
fbem-32351	55	8	"	"	PUNCT
fbem-32351	55	9	net	net	ADJ
fbem-32351	55	10	profit	profit	NOUN
fbem-32351	55	11	attributable	attributable	ADJ
fbem-32351	55	12	to	to	ADP
fbem-32351	55	13	shareholders	shareholder	NOUN
fbem-32351	55	14	of	of	ADP
fbem-32351	55	15	the	the	DET
fbem-32351	55	16	parent	parent	NOUN
fbem-32351	55	17	company	company	NOUN
fbem-32351	55	18	"	"	PUNCT
fbem-32351	55	19	and	and	CCONJ
fbem-32351	55	20	"	"	PUNCT
fbem-32351	55	21	net	net	ADJ
fbem-32351	55	22	profit	profit	NOUN
fbem-32351	55	23	after	after	ADP
fbem-32351	55	24	deducting	deduct	VERB
fbem-32351	55	25	non	non	ADJ
fbem-32351	55	26	-recurring	-recurre	VERB
fbem-32351	55	27	gains	gain	NOUN
fbem-32351	55	28	and	and	CCONJ
fbem-32351	55	29	losses	loss	NOUN
fbem-32351	55	30	"	"	PUNCT
fbem-32351	55	31	,	,	PUNCT
fbem-32351	55	32	mistaking	mistake	VERB
fbem-32351	55	33	non	non	ADJ
fbem-32351	55	34	-	-	ADJ
fbem-32351	55	35	recurring	recurring	ADJ
fbem-32351	55	36	profits	profit	NOUN
fbem-32351	55	37	brought	bring	VERB
fbem-32351	55	38	by	by	ADP
fbem-32351	55	39	government	government	NOUN
fbem-32351	55	40	subsidies	subsidy	NOUN
fbem-32351	55	41	and	and	CCONJ
fbem-32351	55	42	asset	asset	NOUN
fbem-32351	55	43	disposal	disposal	NOUN
fbem-32351	55	44	gains	gain	NOUN
fbem-32351	55	45	as	as	ADP
fbem-32351	55	46	sustainable	sustainable	ADJ
fbem-32351	55	47	earnings	earning	NOUN
fbem-32351	55	48	and	and	CCONJ
fbem-32351	55	49	making	make	VERB
fbem-32351	55	50	wrong	wrong	ADJ
fbem-32351	55	51	decisions	decision	NOUN
fbem-32351	55	52	.	.	PUNCT
fbem-32351	56	1	asymmetric	asymmetric	ADJ
fbem-32351	56	2	information	information	NOUN
fbem-32351	56	3	acquisition	acquisition	NOUN
fbem-32351	56	4	:	:	PUNCT
fbem-32351	56	5	institutional	institutional	ADJ
fbem-32351	56	6	investors	investor	NOUN
fbem-32351	56	7	,	,	PUNCT
fbem-32351	56	8	relying	rely	VERB
fbem-32351	56	9	on	on	ADP
fbem-32351	56	10	their	their	PRON
fbem-32351	56	11	resource	resource	NOUN
fbem-32351	56	12	advantages	advantage	NOUN
fbem-32351	56	13	(	(	PUNCT
fbem-32351	56	14	such	such	ADJ
fbem-32351	56	15	as	as	ADP
fbem-32351	56	16	dedicated	dedicated	ADJ
fbem-32351	56	17	research	research	NOUN
fbem-32351	56	18	teams	team	NOUN
fbem-32351	56	19	and	and	CCONJ
fbem-32351	56	20	direct	direct	ADJ
fbem-32351	56	21	communication	communication	NOUN
fbem-32351	56	22	channels	channel	NOUN
fbem-32351	56	23	with	with	ADP
fbem-32351	56	24	the	the	DET
fbem-32351	56	25	management	management	NOUN
fbem-32351	56	26	of	of	ADP
fbem-32351	56	27	listed	list	VERB
fbem-32351	56	28	companies	company	NOUN
fbem-32351	56	29	)	)	PUNCT
fbem-32351	56	30	,	,	PUNCT
fbem-32351	56	31	obtain	obtain	VERB
fbem-32351	56	32	information	information	NOUN
fbem-32351	56	33	earlier	early	ADV
fbem-32351	56	34	.	.	PUNCT
fbem-32351	57	1	ordinary	ordinary	ADJ
fbem-32351	57	2	investors	investor	NOUN
fbem-32351	57	3	,	,	PUNCT
fbem-32351	57	4	on	on	ADP
fbem-32351	57	5	the	the	DET
fbem-32351	57	6	other	other	ADJ
fbem-32351	57	7	hand	hand	NOUN
fbem-32351	57	8	,	,	PUNCT
fbem-32351	57	9	rely	rely	VERB
fbem-32351	57	10	on	on	ADP
fbem-32351	57	11	public	public	ADJ
fbem-32351	57	12	channels	channel	NOUN
fbem-32351	57	13	such	such	ADJ
fbem-32351	57	14	as	as	ADP
fbem-32351	57	15	exchange	exchange	NOUN
fbem-32351	57	16	announcements	announcement	NOUN
fbem-32351	57	17	and	and	CCONJ
fbem-32351	57	18	financial	financial	ADJ
fbem-32351	57	19	media	medium	NOUN
fbem-32351	57	20	and	and	CCONJ
fbem-32351	57	21	are	be	AUX
fbem-32351	57	22	easily	easily	ADV
fbem-32351	57	23	influenced	influence	VERB
fbem-32351	57	24	by	by	ADP
fbem-32351	57	25	rumors	rumor	NOUN
fbem-32351	57	26	.	.	PUNCT
fbem-32351	58	1	for	for	ADP
fbem-32351	58	2	example	example	NOUN
fbem-32351	58	3	,	,	PUNCT
fbem-32351	58	4	when	when	SCONJ
fbem-32351	58	5	a	a	DET
fbem-32351	58	6	listed	list	VERB
fbem-32351	58	7	company	company	NOUN
fbem-32351	58	8	planned	plan	VERB
fbem-32351	58	9	a	a	DET
fbem-32351	58	10	major	major	ADJ
fbem-32351	58	11	asset	asset	NOUN
fbem-32351	58	12	reorganization	reorganization	NOUN
fbem-32351	58	13	,	,	PUNCT
fbem-32351	58	14	institutional	institutional	ADJ
fbem-32351	58	15	investors	investor	NOUN
fbem-32351	58	16	learned	learn	VERB
fbem-32351	58	17	about	about	ADP
fbem-32351	58	18	it	it	PRON
fbem-32351	58	19	through	through	ADP
fbem-32351	58	20	research	research	NOUN
fbem-32351	58	21	one	one	NUM
fbem-32351	58	22	month	month	NOUN
fbem-32351	58	23	before	before	SCONJ
fbem-32351	58	24	the	the	DET
fbem-32351	58	25	information	information	NOUN
fbem-32351	58	26	was	be	AUX
fbem-32351	58	27	disclosed	disclose	VERB
fbem-32351	58	28	and	and	CCONJ
fbem-32351	58	29	made	make	VERB
fbem-32351	58	30	early	early	ADJ
fbem-32351	58	31	investments	investment	NOUN
fbem-32351	58	32	.	.	PUNCT
fbem-32351	59	1	ordinary	ordinary	ADJ
fbem-32351	59	2	investors	investor	NOUN
fbem-32351	59	3	only	only	ADV
fbem-32351	59	4	found	find	VERB
fbem-32351	59	5	out	out	ADP
fbem-32351	59	6	after	after	SCONJ
fbem-32351	59	7	the	the	DET
fbem-32351	59	8	announcement	announcement	NOUN
fbem-32351	59	9	was	be	AUX
fbem-32351	59	10	released	release	VERB
fbem-32351	59	11	,	,	PUNCT
fbem-32351	59	12	by	by	ADP
fbem-32351	59	13	which	which	DET
fbem-32351	59	14	time	time	NOUN
fbem-32351	59	15	the	the	DET
fbem-32351	59	16	stock	stock	NOUN
fbem-32351	59	17	price	price	NOUN
fbem-32351	59	18	had	have	AUX
fbem-32351	59	19	already	already	ADV
fbem-32351	59	20	risen	rise	VERB
fbem-32351	59	21	by	by	ADP
fbem-32351	59	22	30	30	NUM
fbem-32351	59	23	%	%	NOUN
fbem-32351	59	24	,	,	PUNCT
fbem-32351	59	25	missing	miss	VERB
fbem-32351	59	26	the	the	DET
fbem-32351	59	27	investment	investment	NOUN
fbem-32351	59	28	opportunity	opportunity	NOUN
fbem-32351	59	29	.	.	PUNCT
fbem-32351	60	1	some	some	DET
fbem-32351	60	2	financial	financial	ADJ
fbem-32351	60	3	media	medium	NOUN
fbem-32351	60	4	accounts	account	NOUN
fbem-32351	60	5	also	also	ADV
fbem-32351	60	6	spread	spread	VERB
fbem-32351	60	7	false	false	ADJ
fbem-32351	60	8	information	information	NOUN
fbem-32351	60	9	(	(	PUNCT
fbem-32351	60	10	such	such	ADJ
fbem-32351	60	11	as	as	ADP
fbem-32351	60	12	"	"	PUNCT
fbem-32351	60	13	company	company	NOUN
fbem-32351	60	14	x	x	PRON
fbem-32351	60	15	will	will	AUX
fbem-32351	60	16	receive	receive	VERB
fbem-32351	60	17	a	a	DET
fbem-32351	60	18	major	major	ADJ
fbem-32351	60	19	order	order	NOUN
fbem-32351	60	20	"	"	PUNCT
fbem-32351	60	21	)	)	PUNCT
fbem-32351	60	22	,	,	PUNCT
fbem-32351	60	23	and	and	CCONJ
fbem-32351	60	24	ordinary	ordinary	ADJ
fbem-32351	60	25	investors	investor	NOUN
fbem-32351	60	26	,	,	PUNCT
fbem-32351	60	27	lacking	lack	VERB
fbem-32351	60	28	the	the	DET
fbem-32351	60	29	ability	ability	NOUN
fbem-32351	60	30	to	to	PART
fbem-32351	60	31	distinguish	distinguish	VERB
fbem-32351	60	32	,	,	PUNCT
fbem-32351	60	33	blindly	blindly	ADV
fbem-32351	60	34	followed	follow	VERB
fbem-32351	60	35	the	the	DET
fbem-32351	60	36	trend	trend	NOUN
fbem-32351	60	37	and	and	CCONJ
fbem-32351	60	38	bought	buy	VERB
fbem-32351	60	39	the	the	DET
fbem-32351	60	40	stock	stock	NOUN
fbem-32351	60	41	.	.	PUNCT
fbem-32351	61	1	lack	lack	NOUN
fbem-32351	61	2	of	of	ADP
fbem-32351	61	3	third	third	ADJ
fbem-32351	61	4	-	-	PUNCT
fbem-32351	61	5	party	party	NOUN
fbem-32351	61	6	services	service	NOUN
fbem-32351	61	7	:	:	PUNCT
fbem-32351	61	8	the	the	DET
fbem-32351	61	9	market	market	NOUN
fbem-32351	61	10	lacks	lack	VERB
fbem-32351	61	11	neutral	neutral	ADJ
fbem-32351	61	12	information	information	NOUN
fbem-32351	61	13	interpretation	interpretation	NOUN
fbem-32351	61	14	services	service	NOUN
fbem-32351	61	15	,	,	PUNCT
fbem-32351	61	16	and	and	CCONJ
fbem-32351	61	17	research	research	NOUN
fbem-32351	61	18	reports	report	NOUN
fbem-32351	61	19	from	from	ADP
fbem-32351	61	20	securities	security	NOUN
fbem-32351	61	21	firms	firm	NOUN
fbem-32351	61	22	often	often	ADV
fbem-32351	61	23	have	have	VERB
fbem-32351	61	24	biases	bias	NOUN
fbem-32351	61	25	.	.	PUNCT
fbem-32351	62	1	due	due	ADP
fbem-32351	62	2	to	to	ADP
fbem-32351	62	3	business	business	NOUN
fbem-32351	62	4	cooperation	cooperation	NOUN
fbem-32351	62	5	with	with	ADP
fbem-32351	62	6	listed	list	VERB
fbem-32351	62	7	companies	company	NOUN
fbem-32351	62	8	,	,	PUNCT
fbem-32351	62	9	securities	security	NOUN
fbem-32351	62	10	firms	firm	NOUN
fbem-32351	62	11	'	'	PART
fbem-32351	62	12	research	research	NOUN
fbem-32351	62	13	reports	report	NOUN
fbem-32351	62	14	tend	tend	VERB
fbem-32351	62	15	to	to	PART
fbem-32351	62	16	emphasize	emphasize	VERB
fbem-32351	62	17	"	"	PUNCT
fbem-32351	62	18	positive	positive	ADJ
fbem-32351	62	19	factors	factor	NOUN
fbem-32351	62	20	"	"	PUNCT
fbem-32351	62	21	and	and	CCONJ
fbem-32351	62	22	downplay	downplay	VERB
fbem-32351	62	23	risk	risk	NOUN
fbem-32351	62	24	warnings	warning	NOUN
fbem-32351	62	25	.	.	PUNCT
fbem-32351	63	1	in	in	ADP
fbem-32351	63	2	2023	2023	NUM
fbem-32351	63	3	,	,	PUNCT
fbem-32351	63	4	a	a	DET
fbem-32351	63	5	securities	security	NOUN
fbem-32351	63	6	firm	firm	NOUN
fbem-32351	63	7	gave	give	VERB
fbem-32351	63	8	a	a	DET
fbem-32351	63	9	"	"	PUNCT
fbem-32351	63	10	buy	buy	NOUN
fbem-32351	63	11	"	"	PUNCT
fbem-32351	63	12	rating	rating	NOUN
fbem-32351	63	13	to	to	ADP
fbem-32351	63	14	a	a	DET
fbem-32351	63	15	listed	list	VERB
fbem-32351	63	16	company	company	NOUN
fbem-32351	63	17	in	in	ADP
fbem-32351	63	18	its	its	PRON
fbem-32351	63	19	report	report	NOUN
fbem-32351	63	20	but	but	CCONJ
fbem-32351	63	21	failed	fail	VERB
fbem-32351	63	22	to	to	PART
fbem-32351	63	23	mention	mention	VERB
fbem-32351	63	24	the	the	DET
fbem-32351	63	25	company	company	NOUN
fbem-32351	63	26	's	's	PART
fbem-32351	63	27	high	high	ADJ
fbem-32351	63	28	debt	debt	NOUN
fbem-32351	63	29	ratio	ratio	NOUN
fbem-32351	63	30	of	of	ADP
fbem-32351	63	31	80	80	NUM
fbem-32351	63	32	%	%	NOUN
fbem-32351	63	33	.	.	PUNCT
fbem-32351	64	1	independent	independent	ADJ
fbem-32351	64	2	financial	financial	ADJ
fbem-32351	64	3	consulting	consulting	NOUN
fbem-32351	64	4	institutions	institution	NOUN
fbem-32351	64	5	are	be	AUX
fbem-32351	64	6	few	few	ADJ
fbem-32351	64	7	in	in	ADP
fbem-32351	64	8	number	number	NOUN
fbem-32351	64	9	an	an	DET
fbem-32351	64	10	d	d	NOUN
fbem-32351	64	11	charge	charge	NOUN
fbem-32351	64	12	high	high	ADJ
fbem-32351	64	13	fees	fee	NOUN
fbem-32351	64	14	(	(	PUNCT
fbem-32351	64	15	over	over	ADP
fbem-32351	64	16	5,000	5,000	NUM
fbem-32351	64	17	yuan	yuan	NOUN
fbem-32351	64	18	per	per	ADP
fbem-32351	64	19	consultation	consultation	NOUN
fbem-32351	64	20	)	)	PUNCT
fbem-32351	64	21	,	,	PUNCT
fbem-32351	64	22	making	make	VERB
fbem-32351	64	23	it	it	PRON
fbem-32351	64	24	difficult	difficult	ADJ
fbem-32351	64	25	for	for	SCONJ
fbem-32351	64	26	ordinary	ordinary	ADJ
fbem-32351	64	27	investors	investor	NOUN
fbem-32351	64	28	to	to	PART
fbem-32351	64	29	afford	afford	VERB
fbem-32351	64	30	them	they	PRON
fbem-32351	64	31	and	and	CCONJ
fbem-32351	64	32	obtain	obtain	VERB
fbem-32351	64	33	objective	objective	ADJ
fbem-32351	64	34	interpretations	interpretation	NOUN
fbem-32351	64	35	.	.	PUNCT
fbem-32351	65	1	additionally	additionally	ADV
fbem-32351	65	2	,	,	PUNCT
fbem-32351	65	3	investor	investor	NOUN
fbem-32351	65	4	education	education	NOUN
fbem-32351	65	5	services	service	NOUN
fbem-32351	65	6	are	be	AUX
fbem-32351	65	7	fragmented	fragment	VERB
fbem-32351	65	8	,	,	PUNCT
fbem-32351	65	9	lacking	lack	VERB
fbem-32351	65	10	systematic	systematic	ADJ
fbem-32351	65	11	financial	financial	ADJ
fbem-32351	65	12	knowledge	knowledge	NOUN
fbem-32351	65	13	training	training	NOUN
fbem-32351	65	14	.	.	PUNCT
fbem-32351	66	1	most	most	ADJ
fbem-32351	66	2	investors	investor	NOUN
fbem-32351	66	3	only	only	ADV
fbem-32351	66	4	obtain	obtain	VERB
fbem-32351	66	5	scattered	scatter	VERB
fbem-32351	66	6	information	information	NOUN
fbem-32351	66	7	through	through	ADP
fbem-32351	66	8	short	short	ADJ
fbem-32351	66	9	video	video	NOUN
fbem-32351	66	10	platforms	platform	NOUN
fbem-32351	66	11	and	and	CCONJ
fbem-32351	66	12	can	can	AUX
fbem-32351	66	13	not	not	PART
fbem-32351	66	14	form	form	VERB
fbem-32351	66	15	a	a	DET
fbem-32351	66	16	complete	complete	ADJ
fbem-32351	66	17	analytical	analytical	ADJ
fbem-32351	66	18	framework	framework	NOUN
fbem-32351	66	19	.	.	PUNCT
fbem-32351	67	1	5	5	X
fbem-32351	67	2	.	.	X
fbem-32351	67	3	countermeasures	countermeasure	NOUN
fbem-32351	67	4	to	to	PART
fbem-32351	67	5	improve	improve	VERB
fbem-32351	67	6	the	the	DET
fbem-32351	67	7	quality	quality	NOUN
fbem-32351	67	8	of	of	ADP
fbem-32351	67	9	accounting	accounting	NOUN
fbem-32351	67	10	information	information	NOUN
fbem-32351	67	11	disclosure	disclosure	NOUN
fbem-32351	67	12	5.1	5.1	NUM
fbem-32351	67	13	.	.	PUNCT
fbem-32351	68	1	improving	improve	VERB
fbem-32351	68	2	the	the	DET
fbem-32351	68	3	institutional	institutional	ADJ
fbem-32351	68	4	system	system	NOUN
fbem-32351	68	5	refining	refining	NOUN
fbem-32351	68	6	industry	industry	NOUN
fbem-32351	68	7	standards	standard	NOUN
fbem-32351	68	8	:	:	PUNCT
fbem-32351	68	9	the	the	DET
fbem-32351	68	10	csrc	csrc	NOUN
fbem-32351	68	11	,	,	PUNCT
fbem-32351	68	12	in	in	ADP
fbem-32351	68	13	conjunction	conjunction	NOUN
fbem-32351	68	14	with	with	ADP
fbem-32351	68	15	industry	industry	NOUN
fbem-32351	68	16	associations	association	NOUN
fbem-32351	68	17	,	,	PUNCT
fbem-32351	68	18	formulates	formulate	VERB
fbem-32351	68	19	special	special	ADJ
fbem-32351	68	20	guidelines	guideline	NOUN
fbem-32351	68	21	,	,	PUNCT
fbem-32351	68	22	requiring	require	VERB
fbem-32351	68	23	new	new	ADJ
fbem-32351	68	24	energy	energy	NOUN
fbem-32351	68	25	enterprises	enterprise	NOUN
fbem-32351	68	26	to	to	PART
fbem-32351	68	27	disclose	disclose	VERB
fbem-32351	68	28	r&d	r&d	NOUN
fbem-32351	68	29	investment	investment	NOUN
fbem-32351	68	30	details	detail	NOUN
fbem-32351	68	31	and	and	CCONJ
fbem-32351	68	32	internet	internet	NOUN
fbem-32351	68	33	enterprises	enterprise	NOUN
fbem-32351	68	34	to	to	PART
fbem-32351	68	35	disclose	disclose	VERB
fbem-32351	68	36	user	user	NOUN
fbem-32351	68	37	activity	activity	NOUN
fbem-32351	68	38	and	and	CCONJ
fbem-32351	68	39	other	other	ADJ
fbem-32351	68	40	core	core	NOUN
fbem-32351	68	41	indicators	indicator	NOUN
fbem-32351	68	42	.	.	PUNCT
fbem-32351	69	1	optimizing	optimize	VERB
fbem-32351	69	2	disclosure	disclosure	NOUN
fbem-32351	69	3	forms	form	NOUN
fbem-32351	69	4	:	:	PUNCT
fbem-32351	69	5	promote	promote	VERB
fbem-32351	69	6	"	"	PUNCT
fbem-32351	69	7	simplified	simplified	ADJ
fbem-32351	69	8	annual	annual	ADJ
fbem-32351	69	9	reports	report	NOUN
fbem-32351	69	10	"	"	PUNCT
fbem-32351	69	11	and	and	CCONJ
fbem-32351	69	12	"	"	PUNCT
fbem-32351	69	13	visual	visual	ADJ
fbem-32351	69	14	reports	report	NOUN
fbem-32351	69	15	"	"	PUNCT
fbem-32351	69	16	,	,	PUNCT
fbem-32351	69	17	and	and	CCONJ
fbem-32351	69	18	set	set	VERB
fbem-32351	69	19	up	up	ADP
fbem-32351	69	20	an	an	DET
fbem-32351	69	21	"	"	PUNCT
fbem-32351	69	22	investor	investor	NOUN
fbem-32351	69	23	concerns	concern	NOUN
fbem-32351	69	24	column	column	NOUN
fbem-32351	69	25	"	"	PUNCT
fbem-32351	69	26	to	to	PART
fbem-32351	69	27	reduce	reduce	VERB
fbem-32351	69	28	reading	reading	NOUN
fbem-32351	69	29	costs	cost	NOUN
fbem-32351	69	30	.	.	PUNCT
fbem-32351	70	1	strengthening	strengthen	VERB
fbem-32351	70	2	personalized	personalized	ADJ
fbem-32351	70	3	disclosure	disclosure	NOUN
fbem-32351	70	4	:	:	PUNCT
fbem-32351	70	5	require	require	VERB
fbem-32351	70	6	enterprises	enterprise	NOUN
fbem-32351	70	7	to	to	PART
fbem-32351	70	8	add	add	VERB
fbem-32351	70	9	analysis	analysis	NOUN
fbem-32351	70	10	of	of	ADP
fbem-32351	70	11	performance	performance	NOUN
fbem-32351	70	12	-	-	PUNCT
fbem-32351	70	13	driving	drive	VERB
fbem-32351	70	14	factors	factor	NOUN
fbem-32351	70	15	and	and	CCONJ
fbem-32351	70	16	industry	industry	NOUN
fbem-32351	70	17	competition	competition	NOUN
fbem-32351	70	18	patterns	pattern	NOUN
fbem-32351	70	19	,	,	PUNCT
fbem-32351	70	20	and	and	CCONJ
fbem-32351	70	21	encourage	encourage	VERB
fbem-32351	70	22	voluntary	voluntary	ADJ
fbem-32351	70	23	disclosure	disclosure	NOUN
fbem-32351	70	24	of	of	ADP
fbem-32351	70	25	esg	esg	PROPN
fbem-32351	70	26	information	information	NOUN
fbem-32351	70	27	.	.	PUNCT
fbem-32351	71	1	5.2	5.2	NUM
fbem-32351	71	2	.	.	PUNCT
fbem-32351	71	3	strengthening	strengthen	VERB
fbem-32351	71	4	supervision	supervision	NOUN
fbem-32351	71	5	and	and	CCONJ
fbem-32351	71	6	law	law	NOUN
fbem-32351	71	7	enforcement	enforcement	NOUN
fbem-32351	71	8	building	build	VERB
fbem-32351	71	9	a	a	DET
fbem-32351	71	10	three	three	NUM
fbem-32351	71	11	-	-	PUNCT
fbem-32351	71	12	dimensional	dimensional	ADJ
fbem-32351	71	13	regulatory	regulatory	ADJ
fbem-32351	71	14	system	system	NOUN
fbem-32351	71	15	:	:	PUNCT
fbem-32351	71	16	establish	establish	VERB
fbem-32351	71	17	a	a	DET
fbem-32351	71	18	mechanism	mechanism	NOUN
fbem-32351	71	19	of	of	ADP
fbem-32351	71	20	"	"	PUNCT
fbem-32351	71	21	daily	daily	ADJ
fbem-32351	71	22	supervision	supervision	NOUN
fbem-32351	71	23	+	+	CCONJ
fbem-32351	71	24	special	special	ADJ
fbem-32351	71	25	inspection	inspection	NOUN
fbem-32351	71	26	+	+	CCONJ
fbem-32351	71	27	cross	cross	ADJ
fbem-32351	71	28	-	-	ADJ
fbem-32351	71	29	departmental	departmental	ADJ
fbem-32351	71	30	coordination	coordination	NOUN
fbem-32351	71	31	"	"	PUNCT
fbem-32351	71	32	,	,	PUNCT
fbem-32351	71	33	and	and	CCONJ
fbem-32351	71	34	use	use	VERB
fbem-32351	71	35	big	big	ADJ
fbem-32351	71	36	data	datum	NOUN
fbem-32351	71	37	to	to	PART
fbem-32351	71	38	build	build	VERB
fbem-32351	71	39	an	an	DET
fbem-32351	71	40	abnormal	abnormal	ADJ
fbem-32351	71	41	monitoring	monitoring	NOUN
fbem-32351	71	42	platform	platform	NOUN
fbem-32351	71	43	for	for	ADP
fbem-32351	71	44	real	real	ADJ
fbem-32351	71	45	-time	-time	ADJ
fbem-32351	71	46	early	early	ADJ
fbem-32351	71	47	warning	warning	NOUN
fbem-32351	71	48	.	.	PUNCT
fbem-32351	72	1	increasing	increase	VERB
fbem-32351	72	2	penalties	penalty	NOUN
fbem-32351	72	3	:	:	PUNCT
fbem-32351	72	4	expand	expand	VERB
fbem-32351	72	5	the	the	DET
fbem-32351	72	6	scope	scope	NOUN
fbem-32351	72	7	of	of	ADP
fbem-32351	72	8	liability	liability	NOUN
fbem-32351	72	9	,	,	PUNCT
fbem-32351	72	10	and	and	CCONJ
fbem-32351	72	11	adopt	adopt	VERB
fbem-32351	72	12	multiple	multiple	ADJ
fbem-32351	72	13	punishment	punishment	NOUN
fbem-32351	72	14	methods	method	NOUN
fbem-32351	72	15	such	such	ADJ
fbem-32351	72	16	as	as	ADP
fbem-32351	72	17	"	"	PUNCT
fbem-32351	72	18	fines	fine	NOUN
fbem-32351	72	19	+	+	CCONJ
fbem-32351	72	20	market	market	NOUN
fbem-32351	72	21	entry	entry	NOUN
fbem-32351	72	22	bans	ban	NOUN
fbem-32351	72	23	+	+	CCONJ
fbem-32351	72	24	criminal	criminal	ADJ
fbem-32351	72	25	liability	liability	NOUN
fbem-32351	72	26	"	"	PUNCT
fbem-32351	72	27	for	for	ADP
fbem-32351	72	28	fraud	fraud	NOUN
fbem-32351	72	29	.	.	PUNCT
fbem-32351	73	1	improving	improve	VERB
fbem-32351	73	2	compensation	compensation	NOUN
fbem-32351	73	3	mechanisms	mechanism	NOUN
fbem-32351	73	4	:	:	PUNCT
fbem-32351	73	5	improve	improve	VERB
fbem-32351	73	6	the	the	DET
fbem-32351	73	7	securities	security	NOUN
fbem-32351	73	8	representative	representative	NOUN
fbem-32351	73	9	litigation	litigation	NOUN
fbem-32351	73	10	and	and	CCONJ
fbem-32351	73	11	advance	advance	NOUN
fbem-32351	73	12	compensation	compensation	NOUN
fbem-32351	73	13	systems	system	NOUN
fbem-32351	73	14	,	,	PUNCT
fbem-32351	73	15	simplify	simplify	VERB
fbem-32351	73	16	the	the	DET
fbem-32351	73	17	claim	claim	NOUN
fbem-32351	73	18	process	process	NOUN
fbem-32351	73	19	,	,	PUNCT
fbem-32351	73	20	and	and	CCONJ
fbem-32351	73	21	protect	protect	VERB
fbem-32351	73	22	investors	investor	NOUN
fbem-32351	73	23	'	'	PART
fbem-32351	73	24	right	right	NOUN
fbem-32351	73	25	to	to	ADP
fbem-32351	73	26	compensation	compensation	NOUN
fbem-32351	73	27	.	.	PUNCT
fbem-32351	74	1	5.3	5.3	NUM
fbem-32351	74	2	.	.	PUNCT
fbem-32351	75	1	empowering	empower	VERB
fbem-32351	75	2	investors	investor	NOUN
fbem-32351	75	3	strengthening	strengthen	VERB
fbem-32351	75	4	education	education	NOUN
fbem-32351	75	5	:	:	PUNCT
fbem-32351	75	6	popularize	popularize	VERB
fbem-32351	75	7	financial	financial	ADJ
fbem-32351	75	8	analysis	analysis	NOUN
fbem-32351	75	9	methods	method	NOUN
fbem-32351	75	10	through	through	ADP
fbem-32351	75	11	online	online	ADJ
fbem-32351	75	12	courses	course	NOUN
fbem-32351	75	13	and	and	CCONJ
fbem-32351	75	14	case	case	NOUN
fbem-32351	75	15	teaching	teach	VERB
fbem-32351	75	16	to	to	PART
fbem-32351	75	17	improve	improve	VERB
fbem-32351	75	18	investors	investor	NOUN
fbem-32351	75	19	'	'	PART
fbem-32351	75	20	ability	ability	NOUN
fbem-32351	75	21	to	to	PART
fbem-32351	75	22	identify	identify	VERB
fbem-32351	75	23	fraud	fraud	NOUN
fbem-32351	75	24	.	.	PUNCT
fbem-32351	76	1	standardizing	standardize	VERB
fbem-32351	76	2	third	third	ADJ
fbem-32351	76	3	-	-	PUNCT
fbem-32351	76	4	party	party	NOUN
fbem-32351	76	5	services	service	NOUN
fbem-32351	76	6	:	:	PUNCT
fbem-32351	76	7	encourage	encourage	VERB
fbem-32351	76	8	accounting	accounting	NOUN
fbem-32351	76	9	firms	firm	NOUN
fbem-32351	76	10	and	and	CCONJ
fbem-32351	76	11	independent	independent	ADJ
fbem-32351	76	12	institutions	institution	NOUN
fbem-32351	76	13	to	to	PART
fbem-32351	76	14	provide	provide	VERB
fbem-32351	76	15	neutral	neutral	ADJ
fbem-32351	76	16	interpretations	interpretation	NOUN
fbem-32351	76	17	,	,	PUNCT
fbem-32351	76	18	and	and	CCONJ
fbem-32351	76	19	support	support	NOUN
fbem-32351	76	20	media	medium	NOUN
fbem-32351	76	21	to	to	PART
fbem-32351	76	22	set	set	VERB
fbem-32351	76	23	up	up	ADP
fbem-32351	76	24	financial	financial	ADJ
fbem-32351	76	25	popularization	popularization	NOUN
fbem-32351	76	26	columns	column	NOUN
fbem-32351	76	27	.	.	PUNCT
fbem-32351	77	1	building	build	VERB
fbem-32351	77	2	interactive	interactive	ADJ
fbem-32351	77	3	platforms	platform	NOUN
fbem-32351	77	4	:	:	PUNCT
fbem-32351	77	5	require	require	VERB
fbem-32351	77	6	enterprises	enterprise	NOUN
fbem-32351	77	7	to	to	PART
fbem-32351	77	8	conduct	conduct	VERB
fbem-32351	77	9	regular	regular	ADJ
fbem-32351	77	10	interactions	interaction	NOUN
fbem-32351	77	11	through	through	ADP
fbem-32351	77	12	investor	investor	NOUN
fbem-32351	77	13	relations	relation	NOUN
fbem-32351	77	14	platforms	platform	NOUN
fbem-32351	77	15	and	and	CCONJ
fbem-32351	77	16	online	online	ADJ
fbem-32351	77	17	briefings	briefing	NOUN
fbem-32351	77	18	to	to	PART
fbem-32351	77	19	answer	answer	VERB
fbem-32351	77	20	disclosure	disclosure	NOUN
fbem-32351	77	21	questions	question	NOUN
fbem-32351	77	22	.	.	PUNCT
fbem-32351	78	1	6	6	X
fbem-32351	78	2	.	.	X
fbem-32351	78	3	conclusion	conclusion	NOUN
fbem-32351	78	4	accounting	account	VERB
fbem-32351	78	5	information	information	NOUN
fbem-32351	78	6	disclosure	disclosure	NOUN
fbem-32351	78	7	affects	affect	VERB
fbem-32351	78	8	investors	investor	NOUN
fbem-32351	78	9	'	'	PART
fbem-32351	78	10	decision	decision	NOUN
fbem-32351	78	11	-	-	PUNCT
fbem-32351	78	12	making	making	NOUN
fbem-32351	78	13	through	through	ADP
fbem-32351	78	14	three	three	NUM
fbem-32351	78	15	dimensions	dimension	NOUN
fbem-32351	78	16	:	:	PUNCT
fbem-32351	78	17	information	information	NOUN
fbem-32351	78	18	acquisition	acquisition	NOUN
fbem-32351	78	19	,	,	PUNCT
fbem-32351	78	20	judgment	judgment	NOUN
fbem-32351	78	21	and	and	CCONJ
fbem-32351	78	22	prediction	prediction	NOUN
fbem-32351	78	23	,	,	PUNCT
fbem-32351	78	24	and	and	CCONJ
fbem-32351	78	25	decision	decision	NOUN
fbem-32351	78	26	-making	-make	VERB
fbem-32351	78	27	behavior	behavior	NOUN
fbem-32351	78	28	.	.	PUNCT
fbem-32351	79	1	its	its	PRON
fbem-32351	79	2	authenticity	authenticity	NOUN
fbem-32351	79	3	and	and	CCONJ
fbem-32351	79	4	completeness	completeness	NOUN
fbem-32351	79	5	directly	directly	ADV
fbem-32351	79	6	determine	determine	VERB
fbem-32351	79	7	the	the	DET
fbem-32351	79	8	scientificity	scientificity	NOUN
fbem-32351	79	9	of	of	ADP
fbem-32351	79	10	decisions	decision	NOUN
fbem-32351	79	11	and	and	CCONJ
fbem-32351	79	12	market	market	NOUN
fbem-32351	79	13	efficiency	efficiency	NOUN
fbem-32351	79	14	.	.	PUNCT
fbem-32351	80	1	currently	currently	ADV
fbem-32351	80	2	,	,	PUNCT
fbem-32351	80	3	china	china	PROPN
fbem-32351	80	4	's	's	PART
fbem-32351	80	5	disclosure	disclosure	NOUN
fbem-32351	80	6	system	system	NOUN
fbem-32351	80	7	has	have	VERB
fbem-32351	80	8	shortcomings	shortcoming	NOUN
fbem-32351	80	9	in	in	ADP
fbem-32351	80	10	institutional	institutional	ADJ
fbem-32351	80	11	adaptability	adaptability	NOUN
fbem-32351	80	12	,	,	PUNCT
fbem-32351	80	13	supervision	supervision	NOUN
fbem-32351	80	14	intensity	intensity	NOUN
fbem-32351	80	15	,	,	PUNCT
fbem-32351	80	16	and	and	CCONJ
fbem-32351	80	17	investor	investor	NOUN
fbem-32351	80	18	capabilities	capability	NOUN
fbem-32351	80	19	.	.	PUNCT
fbem-32351	81	1	it	it	PRON
fbem-32351	81	2	is	be	AUX
fbem-32351	81	3	necessary	necessary	ADJ
fbem-32351	81	4	to	to	PART
fbem-32351	81	5	improve	improve	VERB
fbem-32351	81	6	industry	industry	NOUN
fbem-32351	81	7	standards	standard	NOUN
fbem-32351	81	8	,	,	PUNCT
fbem-32351	81	9	strengthen	strengthen	VERB
fbem-32351	81	10	supervision	supervision	NOUN
fbem-32351	81	11	,	,	PUNCT
fbem-32351	81	12	and	and	CCONJ
fbem-32351	81	13	enhance	enhance	VERB
fbem-32351	81	14	investor	investor	NOUN
fbem-32351	81	15	edu	edu	PROPN
fbem-32351	81	16	cation	cation	NOUN
fbem-32351	81	17	to	to	PART
fbem-32351	81	18	comprehensively	comprehensively	ADV
fbem-32351	81	19	improve	improve	VERB
fbem-32351	81	20	disclosure	disclosure	NOUN
fbem-32351	81	21	quality	quality	NOUN
fbem-32351	81	22	.	.	PUNCT
fbem-32351	82	1	in	in	ADP
fbem-32351	82	2	the	the	DET
fbem-32351	82	3	future	future	NOUN
fbem-32351	82	4	,	,	PUNCT
fbem-32351	82	5	we	we	PRON
fbem-32351	82	6	can	can	AUX
fbem-32351	82	7	further	far	ADV
fbem-32351	82	8	combine	combine	VERB
fbem-32351	82	9	big	big	ADJ
fbem-32351	82	10	data	datum	NOUN
fbem-32351	82	11	and	and	CCONJ
fbem-32351	82	12	artificial	artificial	ADJ
fbem-32351	82	13	intelligence	intelligence	NOUN
fbem-32351	82	14	to	to	PART
fbem-32351	82	15	explore	explore	VERB
fbem-32351	82	16	the	the	DET
fbem-32351	82	17	impact	impact	NOUN
fbem-32351	82	18	of	of	ADP
fbem-32351	82	19	digital	digital	ADJ
fbem-32351	82	20	disclosure	disclosure	NOUN
fbem-32351	82	21	on	on	ADP
fbem-32351	82	22	investors	investor	NOUN
fbem-32351	82	23	'	'	PART
fbem-32351	82	24	decisionmaking	decisionmaking	NOUN
fbem-32351	82	25	,	,	PUNCT
fbem-32351	82	26	providing	provide	VERB
fbem-32351	82	27	support	support	NOUN
fbem-32351	82	28	for	for	ADP
fbem-32351	82	29	the	the	DET
fbem-32351	82	30	intelligent	intelligent	ADJ
fbem-32351	82	31	upgrading	upgrading	NOUN
fbem-32351	82	32	of	of	ADP
fbem-32351	82	33	the	the	DET
fbem-32351	82	34	market	market	NOUN
fbem-32351	82	35	system	system	NOUN
fbem-32351	82	36	.	.	PUNCT
fbem-32351	83	1	114	114	NUM
fbem-32351	83	2	references	reference	NOUN
fbem-32351	83	3	[	[	X
fbem-32351	83	4	1	1	NUM
fbem-32351	83	5	]	]	X
fbem-32351	83	6	zhang	zhang	PROPN
fbem-32351	83	7	,	,	PUNCT
fbem-32351	83	8	m.	m.	NOUN
fbem-32351	83	9	,	,	PUNCT
fbem-32351	83	10	&	&	CCONJ
fbem-32351	83	11	zhu	zhu	PROPN
fbem-32351	83	12	,	,	PUNCT
fbem-32351	83	13	r.	r.	PROPN
fbem-32351	83	14	(	(	PUNCT
fbem-32351	83	15	2022	2022	NUM
fbem-32351	83	16	)	)	PUNCT
fbem-32351	83	17	.	.	PUNCT
fbem-32351	84	1	research	research	NOUN
fbem-32351	84	2	on	on	ADP
fbem-32351	84	3	audit	audit	NOUN
fbem-32351	84	4	risk	risk	NOUN
fbem-32351	84	5	prevention	prevention	NOUN
fbem-32351	84	6	and	and	CCONJ
fbem-32351	84	7	control	control	NOUN
fbem-32351	84	8	of	of	ADP
fbem-32351	84	9	accounting	accounting	NOUN
fbem-32351	84	10	firms	firm	NOUN
fbem-32351	84	11	in	in	ADP
fbem-32351	84	12	the	the	DET
fbem-32351	84	13	era	era	NOUN
fbem-32351	84	14	of	of	ADP
fbem-32351	84	15	big	big	ADJ
fbem-32351	84	16	data	datum	NOUN
fbem-32351	85	1	[	[	X
fbem-32351	85	2	j	j	X
fbem-32351	85	3	]	]	X
fbem-32351	85	4	.	.	PUNCT
fbem-32351	86	1	auditing	audit	VERB
fbem-32351	86	2	research	research	NOUN
fbem-32351	86	3	,	,	PUNCT
fbem-32351	86	4	(	(	PUNCT
fbem-32351	86	5	5	5	NUM
fbem-32351	86	6	)	)	PUNCT
fbem-32351	86	7	,	,	PUNCT
fbem-32351	86	8	78	78	NUM
fbem-32351	86	9	-	-	SYM
fbem-32351	86	10	85	85	NUM
fbem-32351	86	11	.	.	PUNCT
fbem-32351	87	1	[	[	X
fbem-32351	87	2	2	2	NUM
fbem-32351	87	3	]	]	X
fbem-32351	87	4	chinese	chinese	PROPN
fbem-32351	87	5	institute	institute	PROPN
fbem-32351	87	6	of	of	ADP
fbem-32351	87	7	certified	certified	ADJ
fbem-32351	87	8	public	public	ADJ
fbem-32351	87	9	accountants	accountant	NOUN
fbem-32351	87	10	.	.	PUNCT
fbem-32351	88	1	(	(	PUNCT
fbem-32351	88	2	2023	2023	NUM
fbem-32351	88	3	)	)	PUNCT
fbem-32351	88	4	.	.	PUNCT
fbem-32351	89	1	development	development	NOUN
fbem-32351	89	2	report	report	NOUN
fbem-32351	89	3	on	on	ADP
fbem-32351	89	4	informatization	informatization	NOUN
fbem-32351	89	5	of	of	ADP
fbem-32351	89	6	china	china	PROPN
fbem-32351	89	7	's	's	PART
fbem-32351	89	8	cpa	cpa	PROPN
fbem-32351	89	9	industry	industry	NOUN
fbem-32351	89	10	(	(	PUNCT
fbem-32351	89	11	2023	2023	NUM
fbem-32351	89	12	)	)	PUNCT
fbem-32351	90	1	[	[	X
fbem-32351	90	2	m	m	X
fbem-32351	90	3	]	]	X
fbem-32351	90	4	.	.	PUNCT
fbem-32351	91	1	beijing	beijing	PROPN
fbem-32351	91	2	:	:	PUNCT
fbem-32351	91	3	economic	economic	ADJ
fbem-32351	91	4	science	science	NOUN
fbem-32351	91	5	press	press	NOUN
fbem-32351	91	6	.	.	PUNCT
fbem-32351	92	1	[	[	X
fbem-32351	92	2	3	3	X
fbem-32351	92	3	]	]	SYM
fbem-32351	92	4	li	li	PROPN
fbem-32351	92	5	,	,	PUNCT
fbem-32351	92	6	x.	x.	PROPN
fbem-32351	92	7	s.	s.	PROPN
fbem-32351	92	8	,	,	PUNCT
fbem-32351	92	9	&	&	CCONJ
fbem-32351	92	10	chen	chen	PROPN
fbem-32351	92	11	,	,	PUNCT
fbem-32351	92	12	w.	w.	PROPN
fbem-32351	92	13	(	(	PUNCT
fbem-32351	92	14	2020	2020	NUM
fbem-32351	92	15	)	)	PUNCT
fbem-32351	92	16	.	.	PUNCT
fbem-32351	93	1	the	the	DET
fbem-32351	93	2	transformation	transformation	NOUN
fbem-32351	93	3	of	of	ADP
fbem-32351	93	4	audit	audit	NOUN
fbem-32351	93	5	evidence	evidence	NOUN
fbem-32351	93	6	and	and	CCONJ
fbem-32351	93	7	risk	risk	NOUN
fbem-32351	93	8	prevention	prevention	NOUN
fbem-32351	93	9	in	in	ADP
fbem-32351	93	10	the	the	DET
fbem-32351	93	11	big	big	ADJ
fbem-32351	93	12	data	datum	NOUN
fbem-32351	93	13	environment	environment	NOUN
fbem-32351	94	1	[	[	X
fbem-32351	94	2	j	j	X
fbem-32351	94	3	]	]	X
fbem-32351	94	4	.	.	PUNCT
fbem-32351	95	1	audit	audit	PROPN
fbem-32351	95	2	&	&	CCONJ
fbem-32351	95	3	economic	economic	ADJ
fbem-32351	95	4	research	research	NOUN
fbem-32351	95	5	,	,	PUNCT
fbem-32351	95	6	35(3	35(3	NUM
fbem-32351	95	7	)	)	PUNCT
fbem-32351	95	8	,	,	PUNCT
fbem-32351	95	9	67	67	NUM
fbem-32351	95	10	-	-	SYM
fbem-32351	95	11	75	75	NUM
fbem-32351	95	12	.	.	PUNCT