id	sid	tid	token	lemma	pos
fbem-32363	1	1	frontiers	frontier	NOUN
fbem-32363	1	2	in	in	ADP
fbem-32363	1	3	business	business	NOUN
fbem-32363	1	4	,	,	PUNCT
fbem-32363	1	5	economics	economic	NOUN
fbem-32363	1	6	and	and	CCONJ
fbem-32363	1	7	management	management	NOUN
fbem-32363	1	8	issn	issn	PROPN
fbem-32363	1	9	:	:	PUNCT
fbem-32363	1	10	2766	2766	NUM
fbem-32363	1	11	-	-	PUNCT
fbem-32363	1	12	824x	824x	NUM
fbem-32363	1	13	|	|	ADJ
fbem-32363	1	14	vol	vol	NOUN
fbem-32363	1	15	.	.	PROPN
fbem-32363	1	16	21	21	NUM
fbem-32363	1	17	,	,	PUNCT
fbem-32363	1	18	no	no	INTJ
fbem-32363	1	19	.	.	NOUN
fbem-32363	1	20	2	2	NUM
fbem-32363	1	21	,	,	PUNCT
fbem-32363	1	22	2025	2025	NUM
fbem-32363	1	23	154	154	NUM
fbem-32363	1	24	research	research	NOUN
fbem-32363	1	25	on	on	ADP
fbem-32363	1	26	valuation	valuation	NOUN
fbem-32363	1	27	of	of	ADP
fbem-32363	1	28	data	datum	NOUN
fbem-32363	1	29	assets	asset	NOUN
fbem-32363	1	30	based	base	VERB
fbem-32363	1	31	on	on	ADP
fbem-32363	1	32	the	the	DET
fbem-32363	1	33	excess	excess	ADJ
fbem-32363	1	34	earnings	earning	NOUN
fbem-32363	1	35	method	method	NOUN
fbem-32363	1	36	-taking	-take	VERB
fbem-32363	1	37	shede	shede	ADJ
fbem-32363	1	38	spirits	spirit	NOUN
fbem-32363	1	39	as	as	ADP
fbem-32363	1	40	an	an	DET
fbem-32363	1	41	example	example	NOUN
fbem-32363	1	42	qing	qe	VERB
fbem-32363	1	43	li	li	PROPN
fbem-32363	1	44	,	,	PUNCT
fbem-32363	1	45	bo	bo	PROPN
fbem-32363	1	46	yang	yang	PROPN
fbem-32363	1	47	*	*	PROPN
fbem-32363	1	48	,	,	PUNCT
fbem-32363	1	49	luyuan	luyuan	PROPN
fbem-32363	1	50	liao	liao	PROPN
fbem-32363	1	51	,	,	PUNCT
fbem-32363	1	52	jiabei	jiabei	VERB
fbem-32363	1	53	liu	liu	PROPN
fbem-32363	1	54	school	school	PROPN
fbem-32363	1	55	of	of	ADP
fbem-32363	1	56	economics	economic	NOUN
fbem-32363	1	57	and	and	CCONJ
fbem-32363	1	58	business	business	NOUN
fbem-32363	1	59	administration	administration	NOUN
fbem-32363	1	60	,	,	PUNCT
fbem-32363	1	61	yibin	yibin	PROPN
fbem-32363	1	62	university	university	PROPN
fbem-32363	1	63	,	,	PUNCT
fbem-32363	1	64	yibin	yibin	PROPN
fbem-32363	1	65	,	,	PUNCT
fbem-32363	1	66	china	china	PROPN
fbem-32363	1	67	*	*	PUNCT
fbem-32363	1	68	corresponding	correspond	VERB
fbem-32363	1	69	author	author	NOUN
fbem-32363	1	70	abstract	abstract	NOUN
fbem-32363	1	71	:	:	PUNCT
fbem-32363	1	72	in	in	ADP
fbem-32363	1	73	the	the	DET
fbem-32363	1	74	digital	digital	ADJ
fbem-32363	1	75	economy	economy	NOUN
fbem-32363	1	76	era	era	NOUN
fbem-32363	1	77	,	,	PUNCT
fbem-32363	1	78	data	data	NOUN
fbem-32363	1	79	assets	asset	NOUN
fbem-32363	1	80	,	,	PUNCT
fbem-32363	1	81	as	as	ADP
fbem-32363	1	82	strategic	strategic	ADJ
fbem-32363	1	83	resources	resource	NOUN
fbem-32363	1	84	for	for	ADP
fbem-32363	1	85	enterprises	enterprise	NOUN
fbem-32363	1	86	,	,	PUNCT
fbem-32363	1	87	play	play	VERB
fbem-32363	1	88	a	a	DET
fbem-32363	1	89	vital	vital	ADJ
fbem-32363	1	90	role	role	NOUN
fbem-32363	1	91	in	in	ADP
fbem-32363	1	92	their	their	PRON
fbem-32363	1	93	daily	daily	ADJ
fbem-32363	1	94	operations	operation	NOUN
fbem-32363	1	95	and	and	CCONJ
fbem-32363	1	96	long	long	ADJ
fbem-32363	1	97	-	-	PUNCT
fbem-32363	1	98	term	term	NOUN
fbem-32363	1	99	growth	growth	NOUN
fbem-32363	1	100	,	,	PUNCT
fbem-32363	1	101	and	and	CCONJ
fbem-32363	1	102	represent	represent	VERB
fbem-32363	1	103	a	a	DET
fbem-32363	1	104	key	key	ADJ
fbem-32363	1	105	achievement	achievement	NOUN
fbem-32363	1	106	of	of	ADP
fbem-32363	1	107	enterprises	enterprise	NOUN
fbem-32363	1	108	'	'	PART
fbem-32363	1	109	digital	digital	ADJ
fbem-32363	1	110	transformation	transformation	NOUN
fbem-32363	1	111	.	.	PUNCT
fbem-32363	2	1	valuing	value	VERB
fbem-32363	2	2	data	data	NOUN
fbem-32363	2	3	assets	asset	NOUN
fbem-32363	2	4	not	not	PART
fbem-32363	2	5	only	only	ADV
fbem-32363	2	6	provides	provide	VERB
fbem-32363	2	7	an	an	DET
fbem-32363	2	8	intuitive	intuitive	ADJ
fbem-32363	2	9	reflection	reflection	NOUN
fbem-32363	2	10	of	of	ADP
fbem-32363	2	11	the	the	DET
fbem-32363	2	12	outcomes	outcome	NOUN
fbem-32363	2	13	of	of	ADP
fbem-32363	2	14	enterprises	enterprise	NOUN
fbem-32363	2	15	'	'	PART
fbem-32363	2	16	digital	digital	ADJ
fbem-32363	2	17	development	development	NOUN
fbem-32363	2	18	but	but	CCONJ
fbem-32363	2	19	also	also	ADV
fbem-32363	2	20	advances	advance	VERB
fbem-32363	2	21	the	the	DET
fbem-32363	2	22	theory	theory	NOUN
fbem-32363	2	23	of	of	ADP
fbem-32363	2	24	data	datum	NOUN
fbem-32363	2	25	asset	asset	NOUN
fbem-32363	2	26	valuation	valuation	NOUN
fbem-32363	2	27	.	.	PUNCT
fbem-32363	3	1	first	first	ADV
fbem-32363	3	2	,	,	PUNCT
fbem-32363	3	3	based	base	VERB
fbem-32363	3	4	on	on	ADP
fbem-32363	3	5	existing	exist	VERB
fbem-32363	3	6	literature	literature	NOUN
fbem-32363	3	7	,	,	PUNCT
fbem-32363	3	8	this	this	DET
fbem-32363	3	9	paper	paper	NOUN
fbem-32363	3	10	briefly	briefly	NOUN
fbem-32363	3	11	summarizes	summarize	NOUN
fbem-32363	3	12	and	and	CCONJ
fbem-32363	3	13	analyzes	analyze	VERB
fbem-32363	3	14	the	the	DET
fbem-32363	3	15	concept	concept	NOUN
fbem-32363	3	16	and	and	CCONJ
fbem-32363	3	17	characteristics	characteristic	NOUN
fbem-32363	3	18	of	of	ADP
fbem-32363	3	19	data	datum	NOUN
fbem-32363	3	20	assets	asset	NOUN
fbem-32363	3	21	.	.	PUNCT
fbem-32363	4	1	second	second	ADJ
fbem-32363	4	2	,	,	PUNCT
fbem-32363	4	3	considering	consider	VERB
fbem-32363	4	4	the	the	DET
fbem-32363	4	5	unique	unique	ADJ
fbem-32363	4	6	attributes	attribute	NOUN
fbem-32363	4	7	of	of	ADP
fbem-32363	4	8	data	datum	NOUN
fbem-32363	4	9	assets	asset	NOUN
fbem-32363	4	10	and	and	CCONJ
fbem-32363	4	11	integrating	integrate	VERB
fbem-32363	4	12	them	they	PRON
fbem-32363	4	13	with	with	ADP
fbem-32363	4	14	enterprises	enterprise	NOUN
fbem-32363	4	15	'	'	PART
fbem-32363	4	16	digital	digital	ADJ
fbem-32363	4	17	transformation	transformation	NOUN
fbem-32363	4	18	practices	practice	NOUN
fbem-32363	4	19	,	,	PUNCT
fbem-32363	4	20	it	it	PRON
fbem-32363	4	21	leverages	leverage	VERB
fbem-32363	4	22	valuation	valuation	NOUN
fbem-32363	4	23	methods	method	NOUN
fbem-32363	4	24	for	for	ADP
fbem-32363	4	25	intangible	intangible	ADJ
fbem-32363	4	26	assets	asset	NOUN
fbem-32363	4	27	to	to	PART
fbem-32363	4	28	construct	construct	VERB
fbem-32363	4	29	an	an	DET
fbem-32363	4	30	appropriate	appropriate	ADJ
fbem-32363	4	31	excess	excess	ADJ
fbem-32363	4	32	earnings	earning	NOUN
fbem-32363	4	33	valuation	valuation	NOUN
fbem-32363	4	34	model	model	NOUN
fbem-32363	4	35	.	.	PUNCT
fbem-32363	5	1	finally	finally	ADV
fbem-32363	5	2	,	,	PUNCT
fbem-32363	5	3	through	through	ADP
fbem-32363	5	4	a	a	DET
fbem-32363	5	5	case	case	NOUN
fbem-32363	5	6	study	study	NOUN
fbem-32363	5	7	of	of	ADP
fbem-32363	5	8	shede	shede	ADJ
fbem-32363	5	9	spirits	spirit	NOUN
fbem-32363	5	10	—	—	PUNCT
fbem-32363	5	11	by	by	ADP
fbem-32363	5	12	forecasting	forecasting	NOUN
fbem-32363	5	13	and	and	CCONJ
fbem-32363	5	14	analyzing	analyze	VERB
fbem-32363	5	15	its	its	PRON
fbem-32363	5	16	future	future	ADJ
fbem-32363	5	17	free	free	ADJ
fbem-32363	5	18	cash	cash	NOUN
fbem-32363	5	19	flows	flow	NOUN
fbem-32363	5	20	and	and	CCONJ
fbem-32363	5	21	the	the	DET
fbem-32363	5	22	contribution	contribution	NOUN
fbem-32363	5	23	values	value	NOUN
fbem-32363	5	24	of	of	ADP
fbem-32363	5	25	various	various	ADJ
fbem-32363	5	26	assets	asset	NOUN
fbem-32363	5	27	—	—	PUNCT
fbem-32363	5	28	this	this	DET
fbem-32363	5	29	paper	paper	NOUN
fbem-32363	5	30	isolates	isolate	VERB
fbem-32363	5	31	the	the	DET
fbem-32363	5	32	contribution	contribution	NOUN
fbem-32363	5	33	income	income	NOUN
fbem-32363	5	34	generated	generate	VERB
fbem-32363	5	35	by	by	ADP
fbem-32363	5	36	data	datum	NOUN
fbem-32363	5	37	assets	asset	NOUN
fbem-32363	5	38	and	and	CCONJ
fbem-32363	5	39	estimates	estimate	VERB
fbem-32363	5	40	their	their	PRON
fbem-32363	5	41	value	value	NOUN
fbem-32363	5	42	using	use	VERB
fbem-32363	5	43	the	the	DET
fbem-32363	5	44	excess	excess	ADJ
fbem-32363	5	45	earnings	earning	NOUN
fbem-32363	5	46	valuation	valuation	NOUN
fbem-32363	5	47	model	model	NOUN
fbem-32363	5	48	.	.	PUNCT
fbem-32363	6	1	keywords	keyword	NOUN
fbem-32363	6	2	:	:	PUNCT
fbem-32363	6	3	digital	digital	ADJ
fbem-32363	6	4	economy	economy	NOUN
fbem-32363	6	5	;	;	PUNCT
fbem-32363	6	6	data	datum	NOUN
fbem-32363	6	7	assets	asset	NOUN
fbem-32363	6	8	;	;	PUNCT
fbem-32363	6	9	shede	shede	NOUN
fbem-32363	6	10	spirits	spirit	NOUN
fbem-32363	6	11	;	;	PUNCT
fbem-32363	6	12	excess	excess	ADJ
fbem-32363	6	13	earnings	earning	NOUN
fbem-32363	6	14	method	method	NOUN
fbem-32363	6	15	.	.	PUNCT
fbem-32363	7	1	1	1	X
fbem-32363	7	2	.	.	X
fbem-32363	7	3	literature	literature	NOUN
fbem-32363	7	4	review	review	VERB
fbem-32363	7	5	1.1	1.1	NUM
fbem-32363	7	6	.	.	PUNCT
fbem-32363	8	1	delimitation	delimitation	NOUN
fbem-32363	8	2	of	of	ADP
fbem-32363	8	3	data	data	NOUN
fbem-32363	8	4	assets	asset	NOUN
fbem-32363	8	5	liang	liang	PROPN
fbem-32363	8	6	yan	yan	PROPN
fbem-32363	8	7	(	(	PUNCT
fbem-32363	8	8	2020	2020	NUM
fbem-32363	8	9	)	)	PUNCT
fbem-32363	8	10	posits	posit	NOUN
fbem-32363	8	11	that	that	PRON
fbem-32363	8	12	data	datum	NOUN
fbem-32363	8	13	assets	asset	NOUN
fbem-32363	8	14	refer	refer	VERB
fbem-32363	8	15	to	to	ADP
fbem-32363	8	16	data	datum	NOUN
fbem-32363	8	17	resources	resource	NOUN
fbem-32363	8	18	owned	own	VERB
fbem-32363	8	19	or	or	CCONJ
fbem-32363	8	20	controlled	control	VERB
fbem-32363	8	21	by	by	ADP
fbem-32363	8	22	specific	specific	ADJ
fbem-32363	8	23	entities	entity	NOUN
fbem-32363	8	24	,	,	PUNCT
fbem-32363	8	25	capable	capable	ADJ
fbem-32363	8	26	of	of	ADP
fbem-32363	8	27	generating	generate	VERB
fbem-32363	8	28	economic	economic	ADJ
fbem-32363	8	29	value	value	NOUN
fbem-32363	8	30	for	for	ADP
fbem-32363	8	31	their	their	PRON
fbem-32363	8	32	holders	holder	NOUN
fbem-32363	8	33	.	.	PUNCT
fbem-32363	9	1	wang	wang	PROPN
fbem-32363	9	2	&	&	CCONJ
fbem-32363	9	3	zhao	zhao	PROPN
fbem-32363	9	4	(	(	PUNCT
fbem-32363	9	5	2020	2020	NUM
fbem-32363	9	6	)	)	PUNCT
fbem-32363	9	7	analyze	analyze	VERB
fbem-32363	9	8	the	the	DET
fbem-32363	9	9	attributes	attribute	NOUN
fbem-32363	9	10	of	of	ADP
fbem-32363	9	11	data	datum	NOUN
fbem-32363	9	12	assets	asset	NOUN
fbem-32363	9	13	from	from	ADP
fbem-32363	9	14	the	the	DET
fbem-32363	9	15	perspectives	perspective	NOUN
fbem-32363	9	16	of	of	ADP
fbem-32363	9	17	their	their	PRON
fbem-32363	9	18	natural	natural	ADJ
fbem-32363	9	19	appreciation	appreciation	NOUN
fbem-32363	9	20	,	,	PUNCT
fbem-32363	9	21	external	external	ADJ
fbem-32363	9	22	influence	influence	NOUN
fbem-32363	9	23	,	,	PUNCT
fbem-32363	9	24	and	and	CCONJ
fbem-32363	9	25	value	value	NOUN
fbem-32363	9	26	creation	creation	NOUN
fbem-32363	9	27	mechanisms	mechanism	NOUN
fbem-32363	9	28	,	,	PUNCT
fbem-32363	9	29	noting	note	VERB
fbem-32363	9	30	that	that	SCONJ
fbem-32363	9	31	data	datum	NOUN
fbem-32363	9	32	assets	asset	NOUN
fbem-32363	9	33	constitute	constitute	VERB
fbem-32363	9	34	a	a	DET
fbem-32363	9	35	crucial	crucial	ADJ
fbem-32363	9	36	component	component	NOUN
fbem-32363	9	37	of	of	ADP
fbem-32363	9	38	corporate	corporate	ADJ
fbem-32363	9	39	assets	asset	NOUN
fbem-32363	9	40	and	and	CCONJ
fbem-32363	9	41	can	can	AUX
fbem-32363	9	42	generate	generate	VERB
fbem-32363	9	43	revenue	revenue	NOUN
fbem-32363	9	44	for	for	ADP
fbem-32363	9	45	enterprises	enterprise	NOUN
fbem-32363	9	46	.	.	PUNCT
fbem-32363	10	1	todd	todd	PROPN
fbem-32363	10	2	&	&	CCONJ
fbem-32363	10	3	singh	singh	PROPN
fbem-32363	10	4	(	(	PUNCT
fbem-32363	10	5	2021	2021	NUM
fbem-32363	10	6	)	)	PUNCT
fbem-32363	10	7	regard	regard	NOUN
fbem-32363	10	8	data	datum	NOUN
fbem-32363	10	9	as	as	ADP
fbem-32363	10	10	a	a	DET
fbem-32363	10	11	high	high	ADJ
fbem-32363	10	12	value	value	NOUN
fbem-32363	10	13	-	-	PUNCT
fbem-32363	10	14	added	add	VERB
fbem-32363	10	15	asset	asset	NOUN
fbem-32363	10	16	with	with	ADP
fbem-32363	10	17	the	the	DET
fbem-32363	10	18	potential	potential	NOUN
fbem-32363	10	19	to	to	PART
fbem-32363	10	20	create	create	VERB
fbem-32363	10	21	substantial	substantial	ADJ
fbem-32363	10	22	value	value	NOUN
fbem-32363	10	23	.	.	PUNCT
fbem-32363	11	1	zhang	zhang	PROPN
fbem-32363	11	2	yue	yue	PROPN
fbem-32363	11	3	(	(	PUNCT
fbem-32363	11	4	2021	2021	NUM
fbem-32363	11	5	)	)	PUNCT
fbem-32363	11	6	suggests	suggest	VERB
fbem-32363	11	7	that	that	SCONJ
fbem-32363	11	8	data	data	NOUN
fbem-32363	11	9	assets	asset	NOUN
fbem-32363	11	10	are	be	AUX
fbem-32363	11	11	characterized	characterize	VERB
fbem-32363	11	12	by	by	ADP
fbem-32363	11	13	their	their	PRON
fbem-32363	11	14	virtual	virtual	ADJ
fbem-32363	11	15	form	form	NOUN
fbem-32363	11	16	,	,	PUNCT
fbem-32363	11	17	business	business	NOUN
fbem-32363	11	18	value	value	NOUN
fbem-32363	11	19	-	-	PUNCT
fbem-32363	11	20	added	add	VERB
fbem-32363	11	21	nature	nature	NOUN
fbem-32363	11	22	,	,	PUNCT
fbem-32363	11	23	fluctuating	fluctuating	NOUN
fbem-32363	11	24	value	value	NOUN
fbem-32363	11	25	,	,	PUNCT
fbem-32363	11	26	and	and	CCONJ
fbem-32363	11	27	ambiguous	ambiguous	ADJ
fbem-32363	11	28	ownership	ownership	NOUN
fbem-32363	11	29	.	.	PUNCT
fbem-32363	12	1	cheng	cheng	PROPN
fbem-32363	12	2	zhanqin	zhanqin	PROPN
fbem-32363	12	3	(	(	PUNCT
fbem-32363	12	4	2022	2022	NUM
fbem-32363	12	5	)	)	PUNCT
fbem-32363	12	6	argues	argue	VERB
fbem-32363	12	7	that	that	SCONJ
fbem-32363	12	8	data	data	NOUN
fbem-32363	12	9	assets	asset	NOUN
fbem-32363	12	10	should	should	AUX
fbem-32363	12	11	encompass	encompass	VERB
fbem-32363	12	12	elements	element	NOUN
fbem-32363	12	13	such	such	ADJ
fbem-32363	12	14	as	as	ADP
fbem-32363	12	15	the	the	DET
fbem-32363	12	16	name	name	NOUN
fbem-32363	12	17	,	,	PUNCT
fbem-32363	12	18	source	source	NOUN
fbem-32363	12	19	,	,	PUNCT
fbem-32363	12	20	scale	scale	NOUN
fbem-32363	12	21	,	,	PUNCT
fbem-32363	12	22	type	type	NOUN
fbem-32363	12	23	,	,	PUNCT
fbem-32363	12	24	scope	scope	NOUN
fbem-32363	12	25	of	of	ADP
fbem-32363	12	26	application	application	NOUN
fbem-32363	12	27	,	,	PUNCT
fbem-32363	12	28	and	and	CCONJ
fbem-32363	12	29	presentation	presentation	NOUN
fbem-32363	12	30	format	format	NOUN
fbem-32363	12	31	of	of	ADP
fbem-32363	12	32	the	the	DET
fbem-32363	12	33	data	datum	NOUN
fbem-32363	12	34	.	.	PUNCT
fbem-32363	13	1	zhou	zhou	PROPN
fbem-32363	13	2	xiaobo	xiaobo	PROPN
fbem-32363	13	3	(	(	PUNCT
fbem-32363	13	4	2023	2023	NUM
fbem-32363	13	5	)	)	PUNCT
fbem-32363	13	6	,	,	PUNCT
fbem-32363	13	7	considering	consider	VERB
fbem-32363	13	8	the	the	DET
fbem-32363	13	9	characteristics	characteristic	NOUN
fbem-32363	13	10	of	of	ADP
fbem-32363	13	11	data	datum	NOUN
fbem-32363	13	12	assets	asset	NOUN
fbem-32363	13	13	,	,	PUNCT
fbem-32363	13	14	categorizes	categorize	VERB
fbem-32363	13	15	them	they	PRON
fbem-32363	13	16	as	as	ADP
fbem-32363	13	17	intangible	intangible	ADJ
fbem-32363	13	18	assets	asset	NOUN
fbem-32363	13	19	and	and	CCONJ
fbem-32363	13	20	believes	believe	VERB
fbem-32363	13	21	they	they	PRON
fbem-32363	13	22	can	can	AUX
fbem-32363	13	23	deliver	deliver	VERB
fbem-32363	13	24	economic	economic	ADJ
fbem-32363	13	25	value	value	NOUN
fbem-32363	13	26	to	to	ADP
fbem-32363	13	27	enterprises	enterprise	NOUN
fbem-32363	13	28	.	.	PUNCT
fbem-32363	14	1	gong	gong	PROPN
fbem-32363	14	2	wen	wen	PROPN
fbem-32363	14	3	(	(	PUNCT
fbem-32363	14	4	2024	2024	NUM
fbem-32363	14	5	)	)	PUNCT
fbem-32363	14	6	contends	contend	VERB
fbem-32363	14	7	that	that	SCONJ
fbem-32363	14	8	the	the	DET
fbem-32363	14	9	value	value	NOUN
fbem-32363	14	10	of	of	ADP
fbem-32363	14	11	data	datum	NOUN
fbem-32363	14	12	assets	asset	NOUN
fbem-32363	14	13	is	be	AUX
fbem-32363	14	14	primarily	primarily	ADV
fbem-32363	14	15	influenced	influence	VERB
fbem-32363	14	16	by	by	ADP
fbem-32363	14	17	factors	factor	NOUN
fbem-32363	14	18	such	such	ADJ
fbem-32363	14	19	as	as	ADP
fbem-32363	14	20	data	datum	NOUN
fbem-32363	14	21	quality	quality	NOUN
fbem-32363	14	22	,	,	PUNCT
fbem-32363	14	23	market	market	NOUN
fbem-32363	14	24	prospects	prospect	NOUN
fbem-32363	14	25	,	,	PUNCT
fbem-32363	14	26	scarcity	scarcity	NOUN
fbem-32363	14	27	,	,	PUNCT
fbem-32363	14	28	and	and	CCONJ
fbem-32363	14	29	technological	technological	ADJ
fbem-32363	14	30	innovation	innovation	NOUN
fbem-32363	14	31	.	.	PUNCT
fbem-32363	15	1	1.2	1.2	NUM
fbem-32363	15	2	.	.	PUNCT
fbem-32363	15	3	valuation	valuation	NOUN
fbem-32363	15	4	of	of	ADP
fbem-32363	15	5	data	datum	NOUN
fbem-32363	15	6	assets	asset	NOUN
fbem-32363	15	7	zuo	zuo	PROPN
fbem-32363	15	8	wenjin	wenjin	VERB
fbem-32363	15	9	and	and	CCONJ
fbem-32363	15	10	liu	liu	PROPN
fbem-32363	15	11	lijun	lijun	PROPN
fbem-32363	15	12	(	(	PUNCT
fbem-32363	15	13	2021	2021	NUM
fbem-32363	15	14	)	)	PUNCT
fbem-32363	15	15	,	,	PUNCT
fbem-32363	15	16	from	from	ADP
fbem-32363	15	17	a	a	DET
fbem-32363	15	18	user	user	NOUN
fbem-32363	15	19	perspective	perspective	NOUN
fbem-32363	15	20	,	,	PUNCT
fbem-32363	15	21	utilized	utilize	VERB
fbem-32363	15	22	the	the	DET
fbem-32363	15	23	linmap	linmap	ADJ
fbem-32363	15	24	model	model	NOUN
fbem-32363	15	25	and	and	CCONJ
fbem-32363	15	26	a	a	DET
fbem-32363	15	27	multi	multi	ADJ
fbem-32363	15	28	-	-	ADJ
fbem-32363	15	29	indicator	indicator	ADJ
fbem-32363	15	30	matrix	matrix	NOUN
fbem-32363	15	31	to	to	PART
fbem-32363	15	32	analyze	analyze	VERB
fbem-32363	15	33	user	user	NOUN
fbem-32363	15	34	preference	preference	NOUN
fbem-32363	15	35	data	datum	NOUN
fbem-32363	15	36	.	.	PUNCT
fbem-32363	16	1	they	they	PRON
fbem-32363	16	2	introduced	introduce	VERB
fbem-32363	16	3	the	the	DET
fbem-32363	16	4	pricequality	pricequality	NOUN
fbem-32363	16	5	ratio	ratio	NOUN
fbem-32363	16	6	to	to	PART
fbem-32363	16	7	value	value	VERB
fbem-32363	16	8	comparable	comparable	ADJ
fbem-32363	16	9	data	datum	NOUN
fbem-32363	16	10	assets	asset	NOUN
fbem-32363	16	11	,	,	PUNCT
fbem-32363	16	12	thereby	thereby	ADV
fbem-32363	16	13	determining	determine	VERB
fbem-32363	16	14	the	the	DET
fbem-32363	16	15	value	value	NOUN
fbem-32363	16	16	of	of	ADP
fbem-32363	16	17	the	the	DET
fbem-32363	16	18	assessed	assessed	ADJ
fbem-32363	16	19	asset	asset	NOUN
fbem-32363	16	20	.	.	PUNCT
fbem-32363	17	1	gao	gao	PROPN
fbem-32363	17	2	hua	hua	PROPN
fbem-32363	17	3	and	and	CCONJ
fbem-32363	17	4	jiang	jiang	PROPN
fbem-32363	17	5	chaofan	chaofan	PROPN
fbem-32363	17	6	(	(	PUNCT
fbem-32363	17	7	2022	2022	NUM
fbem-32363	17	8	)	)	PUNCT
fbem-32363	17	9	argued	argue	VERB
fbem-32363	17	10	that	that	SCONJ
fbem-32363	17	11	data	datum	NOUN
fbem-32363	17	12	asset	asset	NOUN
fbem-32363	17	13	valuation	valuation	NOUN
fbem-32363	17	14	must	must	AUX
fbem-32363	17	15	distinguish	distinguish	VERB
fbem-32363	17	16	between	between	ADP
fbem-32363	17	17	scenarios	scenario	NOUN
fbem-32363	17	18	with	with	ADP
fbem-32363	17	19	and	and	CCONJ
fbem-32363	17	20	without	without	ADP
fbem-32363	17	21	transactions	transaction	NOUN
fbem-32363	17	22	.	.	PUNCT
fbem-32363	18	1	the	the	DET
fbem-32363	18	2	b	b	X
fbem-32363	18	3	-	-	PUNCT
fbem-32363	18	4	s	s	NOUN
fbem-32363	18	5	model	model	NOUN
fbem-32363	18	6	is	be	AUX
fbem-32363	18	7	applicable	applicable	ADJ
fbem-32363	18	8	in	in	ADP
fbem-32363	18	9	non	non	ADJ
fbem-32363	18	10	-	-	ADJ
fbem-32363	18	11	transaction	transaction	ADJ
fbem-32363	18	12	scenarios	scenario	NOUN
fbem-32363	18	13	,	,	PUNCT
fbem-32363	18	14	whereas	whereas	SCONJ
fbem-32363	18	15	transaction	transaction	NOUN
fbem-32363	18	16	scenarios	scenario	NOUN
fbem-32363	18	17	require	require	VERB
fbem-32363	18	18	the	the	DET
fbem-32363	18	19	combined	combined	ADJ
fbem-32363	18	20	use	use	NOUN
fbem-32363	18	21	of	of	ADP
fbem-32363	18	22	the	the	DET
fbem-32363	18	23	excess	excess	ADJ
fbem-32363	18	24	earnings	earning	NOUN
fbem-32363	18	25	method	method	NOUN
fbem-32363	18	26	and	and	CCONJ
fbem-32363	18	27	the	the	DET
fbem-32363	18	28	analytic	analytic	ADJ
fbem-32363	18	29	hierarchy	hierarchy	NOUN
fbem-32363	18	30	process	process	NOUN
fbem-32363	18	31	to	to	PART
fbem-32363	18	32	ensure	ensure	VERB
fbem-32363	18	33	the	the	DET
fbem-32363	18	34	accuracy	accuracy	NOUN
fbem-32363	18	35	of	of	ADP
fbem-32363	18	36	the	the	DET
fbem-32363	18	37	assessment	assessment	NOUN
fbem-32363	18	38	results	result	VERB
fbem-32363	18	39	.	.	PUNCT
fbem-32363	19	1	fang	fang	PROPN
fbem-32363	19	2	yinjie	yinjie	PROPN
fbem-32363	19	3	and	and	CCONJ
fbem-32363	19	4	gao	gao	PROPN
fbem-32363	19	5	jianwei	jianwei	PROPN
fbem-32363	19	6	(	(	PUNCT
fbem-32363	19	7	2023	2023	NUM
fbem-32363	19	8	)	)	PUNCT
fbem-32363	19	9	developed	develop	VERB
fbem-32363	19	10	a	a	DET
fbem-32363	19	11	real	real	ADJ
fbem-32363	19	12	options	option	NOUN
fbem-32363	19	13	pricing	pricing	NOUN
fbem-32363	19	14	model	model	NOUN
fbem-32363	19	15	based	base	VERB
fbem-32363	19	16	on	on	ADP
fbem-32363	19	17	prospect	prospect	NOUN
fbem-32363	19	18	theory	theory	NOUN
fbem-32363	19	19	and	and	CCONJ
fbem-32363	19	20	optimized	optimize	VERB
fbem-32363	19	21	the	the	DET
fbem-32363	19	22	model	model	NOUN
fbem-32363	19	23	by	by	ADP
fbem-32363	19	24	introducing	introduce	VERB
fbem-32363	19	25	the	the	DET
fbem-32363	19	26	least	least	ADJ
fbem-32363	19	27	squares	square	NOUN
fbem-32363	19	28	monte	monte	PROPN
fbem-32363	19	29	carlo	carlo	PROPN
fbem-32363	19	30	simulation	simulation	PROPN
fbem-32363	19	31	method	method	PROPN
fbem-32363	19	32	.	.	PUNCT
fbem-32363	20	1	lin	lin	PROPN
fbem-32363	20	2	yan	yan	PROPN
fbem-32363	20	3	(	(	PUNCT
fbem-32363	20	4	2023	2023	NUM
fbem-32363	20	5	)	)	PUNCT
fbem-32363	20	6	employed	employ	VERB
fbem-32363	20	7	the	the	DET
fbem-32363	20	8	analytic	analytic	ADJ
fbem-32363	20	9	hierarchy	hierarchy	NOUN
fbem-32363	20	10	process	process	NOUN
fbem-32363	20	11	and	and	CCONJ
fbem-32363	20	12	a	a	DET
fbem-32363	20	13	bp	bp	PROPN
fbem-32363	20	14	neural	neural	ADJ
fbem-32363	20	15	network	network	NOUN
fbem-32363	20	16	to	to	PART
fbem-32363	20	17	address	address	VERB
fbem-32363	20	18	the	the	DET
fbem-32363	20	19	limitations	limitation	NOUN
fbem-32363	20	20	of	of	ADP
fbem-32363	20	21	the	the	DET
fbem-32363	20	22	excess	excess	ADJ
fbem-32363	20	23	earnings	earning	NOUN
fbem-32363	20	24	method	method	NOUN
fbem-32363	20	25	in	in	ADP
fbem-32363	20	26	data	data	NOUN
fbem-32363	20	27	asset	asset	NOUN
fbem-32363	20	28	valuation	valuation	NOUN
fbem-32363	20	29	.	.	PUNCT
fbem-32363	21	1	they	they	PRON
fbem-32363	21	2	also	also	ADV
fbem-32363	21	3	incorporated	incorporate	VERB
fbem-32363	21	4	a	a	DET
fbem-32363	21	5	fuzzy	fuzzy	ADJ
fbem-32363	21	6	comprehensive	comprehensive	ADJ
fbem-32363	21	7	evaluation	evaluation	NOUN
fbem-32363	21	8	method	method	NOUN
fbem-32363	21	9	to	to	PART
fbem-32363	21	10	refine	refine	VERB
fbem-32363	21	11	the	the	DET
fbem-32363	21	12	assessment	assessment	NOUN
fbem-32363	21	13	results	result	NOUN
fbem-32363	21	14	,	,	PUNCT
fbem-32363	21	15	thereby	thereby	ADV
fbem-32363	21	16	enhancing	enhance	VERB
fbem-32363	21	17	their	their	PRON
fbem-32363	21	18	accuracy	accuracy	NOUN
fbem-32363	21	19	.	.	PUNCT
fbem-32363	22	1	dou	dou	PROPN
fbem-32363	22	2	qian	qian	PROPN
fbem-32363	22	3	(	(	PUNCT
fbem-32363	22	4	2024	2024	NUM
fbem-32363	22	5	)	)	PUNCT
fbem-32363	22	6	improved	improve	VERB
fbem-32363	22	7	the	the	DET
fbem-32363	22	8	predictive	predictive	ADJ
fbem-32363	22	9	accuracy	accuracy	NOUN
fbem-32363	22	10	of	of	ADP
fbem-32363	22	11	assessment	assessment	NOUN
fbem-32363	22	12	parameters	parameter	NOUN
fbem-32363	22	13	in	in	ADP
fbem-32363	22	14	the	the	DET
fbem-32363	22	15	multi	multi	ADJ
fbem-32363	22	16	-	-	ADJ
fbem-32363	22	17	period	period	ADJ
fbem-32363	22	18	excess	excess	ADJ
fbem-32363	22	19	earnings	earning	NOUN
fbem-32363	22	20	model	model	NOUN
fbem-32363	22	21	by	by	ADP
fbem-32363	22	22	comprehensively	comprehensively	ADV
fbem-32363	22	23	applying	apply	VERB
fbem-32363	22	24	the	the	DET
fbem-32363	22	25	analytic	analytic	ADJ
fbem-32363	22	26	hierarchy	hierarchy	NOUN
fbem-32363	22	27	process	process	NOUN
fbem-32363	22	28	and	and	CCONJ
fbem-32363	22	29	variance	variance	NOUN
fbem-32363	22	30	weight	weight	NOUN
fbem-32363	22	31	assignment	assignment	NOUN
fbem-32363	22	32	to	to	PART
fbem-32363	22	33	assign	assign	VERB
fbem-32363	22	34	weights	weight	NOUN
fbem-32363	22	35	to	to	ADP
fbem-32363	22	36	data	data	NOUN
fbem-32363	22	37	assets	asset	NOUN
fbem-32363	22	38	,	,	PUNCT
fbem-32363	22	39	leading	lead	VERB
fbem-32363	22	40	to	to	ADP
fbem-32363	22	41	more	more	ADV
fbem-32363	22	42	precise	precise	ADJ
fbem-32363	22	43	results	result	NOUN
fbem-32363	22	44	.	.	PUNCT
fbem-32363	23	1	2	2	X
fbem-32363	23	2	.	.	X
fbem-32363	23	3	theoretical	theoretical	ADJ
fbem-32363	23	4	basis	basis	NOUN
fbem-32363	23	5	2.1	2.1	NUM
fbem-32363	23	6	.	.	PUNCT
fbem-32363	24	1	definition	definition	NOUN
fbem-32363	24	2	of	of	ADP
fbem-32363	24	3	data	data	NOUN
fbem-32363	24	4	assets	asset	NOUN
fbem-32363	24	5	although	although	SCONJ
fbem-32363	24	6	no	no	DET
fbem-32363	24	7	unified	unified	ADJ
fbem-32363	24	8	consensus	consensus	NOUN
fbem-32363	24	9	has	have	AUX
fbem-32363	24	10	been	be	AUX
fbem-32363	24	11	reached	reach	VERB
fbem-32363	24	12	so	so	ADV
fbem-32363	24	13	far	far	ADV
fbem-32363	24	14	on	on	ADP
fbem-32363	24	15	the	the	DET
fbem-32363	24	16	conceptual	conceptual	ADJ
fbem-32363	24	17	delimitation	delimitation	NOUN
fbem-32363	24	18	of	of	ADP
fbem-32363	24	19	data	datum	NOUN
fbem-32363	24	20	assets	asset	NOUN
fbem-32363	24	21	,	,	PUNCT
fbem-32363	24	22	the	the	DET
fbem-32363	24	23	core	core	ADJ
fbem-32363	24	24	connotation	connotation	NOUN
fbem-32363	24	25	of	of	ADP
fbem-32363	24	26	data	datum	NOUN
fbem-32363	24	27	assets	asset	NOUN
fbem-32363	24	28	can	can	AUX
fbem-32363	24	29	be	be	AUX
fbem-32363	24	30	extracted	extract	VERB
fbem-32363	24	31	by	by	ADP
fbem-32363	24	32	analyzing	analyze	VERB
fbem-32363	24	33	the	the	DET
fbem-32363	24	34	perspectives	perspective	NOUN
fbem-32363	24	35	of	of	ADP
fbem-32363	24	36	various	various	ADJ
fbem-32363	24	37	scholars	scholar	NOUN
fbem-32363	24	38	.	.	PUNCT
fbem-32363	25	1	from	from	ADP
fbem-32363	25	2	the	the	DET
fbem-32363	25	3	perspective	perspective	NOUN
fbem-32363	25	4	of	of	ADP
fbem-32363	25	5	resource	resource	NOUN
fbem-32363	25	6	attributes	attribute	NOUN
fbem-32363	25	7	,	,	PUNCT
fbem-32363	25	8	data	datum	NOUN
fbem-32363	25	9	assets	asset	NOUN
fbem-32363	25	10	are	be	AUX
fbem-32363	25	11	information	information	NOUN
fbem-32363	25	12	resources	resource	NOUN
fbem-32363	25	13	stored	store	VERB
fbem-32363	25	14	in	in	ADP
fbem-32363	25	15	digital	digital	ADJ
fbem-32363	25	16	or	or	CCONJ
fbem-32363	25	17	physical	physical	ADJ
fbem-32363	25	18	forms	form	NOUN
fbem-32363	25	19	.	.	PUNCT
fbem-32363	26	1	due	due	ADP
fbem-32363	26	2	to	to	ADP
fbem-32363	26	3	their	their	PRON
fbem-32363	26	4	special	special	ADJ
fbem-32363	26	5	attributes	attribute	NOUN
fbem-32363	26	6	such	such	ADJ
fbem-32363	26	7	as	as	ADP
fbem-32363	26	8	clear	clear	ADJ
fbem-32363	26	9	ownership	ownership	NOUN
fbem-32363	26	10	,	,	PUNCT
fbem-32363	26	11	measurable	measurable	ADJ
fbem-32363	26	12	value	value	NOUN
fbem-32363	26	13	,	,	PUNCT
fbem-32363	26	14	and	and	CCONJ
fbem-32363	26	15	realizability	realizability	NOUN
fbem-32363	26	16	,	,	PUNCT
fbem-32363	26	17	they	they	PRON
fbem-32363	26	18	differ	differ	VERB
fbem-32363	26	19	from	from	ADP
fbem-32363	26	20	general	general	ADJ
fbem-32363	26	21	information	information	NOUN
fbem-32363	26	22	resources	resource	NOUN
fbem-32363	26	23	and	and	CCONJ
fbem-32363	26	24	belong	belong	VERB
fbem-32363	26	25	to	to	ADP
fbem-32363	26	26	a	a	DET
fbem-32363	26	27	special	special	ADJ
fbem-32363	26	28	type	type	NOUN
fbem-32363	26	29	of	of	ADP
fbem-32363	26	30	information	information	NOUN
fbem-32363	26	31	resource.from	resource.from	ADP
fbem-32363	26	32	the	the	DET
fbem-32363	26	33	perspective	perspective	NOUN
fbem-32363	26	34	of	of	ADP
fbem-32363	26	35	asset	asset	NOUN
fbem-32363	26	36	attributes	attribute	NOUN
fbem-32363	26	37	,	,	PUNCT
fbem-32363	26	38	data	datum	NOUN
fbem-32363	26	39	assets	asset	NOUN
fbem-32363	26	40	refer	refer	VERB
fbem-32363	26	41	to	to	ADP
fbem-32363	26	42	information	information	NOUN
fbem-32363	26	43	resources	resource	NOUN
fbem-32363	26	44	that	that	PRON
fbem-32363	26	45	are	be	AUX
fbem-32363	26	46	formed	form	VERB
fbem-32363	26	47	,	,	PUNCT
fbem-32363	26	48	accumulated	accumulate	VERB
fbem-32363	26	49	,	,	PUNCT
fbem-32363	26	50	and	and	CCONJ
fbem-32363	26	51	independently	independently	ADV
fbem-32363	26	52	controllable	controllable	ADJ
fbem-32363	26	53	by	by	ADP
fbem-32363	26	54	enterprises	enterprise	NOUN
fbem-32363	26	55	in	in	ADP
fbem-32363	26	56	their	their	PRON
fbem-32363	26	57	daily	daily	ADJ
fbem-32363	26	58	operations	operation	NOUN
fbem-32363	26	59	,	,	PUNCT
fbem-32363	26	60	and	and	CCONJ
fbem-32363	26	61	have	have	VERB
fbem-32363	26	62	clear	clear	ADJ
fbem-32363	26	63	economic	economic	ADJ
fbem-32363	26	64	value.from	value.from	ADP
fbem-32363	26	65	the	the	DET
fbem-32363	26	66	perspective	perspective	NOUN
fbem-32363	26	67	of	of	ADP
fbem-32363	26	68	factor	factor	NOUN
fbem-32363	26	69	attributes	attribute	VERB
fbem-32363	26	70	,	,	PUNCT
fbem-32363	26	71	since	since	SCONJ
fbem-32363	26	72	data	data	NOUN
fbem-32363	26	73	elements	element	NOUN
fbem-32363	26	74	have	have	AUX
fbem-32363	26	75	been	be	AUX
fbem-32363	26	76	recognized	recognize	VERB
fbem-32363	26	77	as	as	ADP
fbem-32363	26	78	a	a	DET
fbem-32363	26	79	new	new	ADJ
fbem-32363	26	80	factor	factor	NOUN
fbem-32363	26	81	of	of	ADP
fbem-32363	26	82	production	production	NOUN
fbem-32363	26	83	,	,	PUNCT
fbem-32363	26	84	data	datum	NOUN
fbem-32363	26	85	assets	asset	NOUN
fbem-32363	26	86	in	in	ADP
fbem-32363	26	87	enterprises	enterprise	NOUN
fbem-32363	26	88	hold	hold	VERB
fbem-32363	26	89	the	the	DET
fbem-32363	26	90	same	same	ADJ
fbem-32363	26	91	strategic	strategic	ADJ
fbem-32363	26	92	status	status	NOUN
fbem-32363	26	93	as	as	ADP
fbem-32363	26	94	traditional	traditional	ADJ
fbem-32363	26	95	factors	factor	NOUN
fbem-32363	26	96	of	of	ADP
fbem-32363	26	97	production	production	NOUN
fbem-32363	26	98	and	and	CCONJ
fbem-32363	26	99	play	play	VERB
fbem-32363	26	100	a	a	DET
fbem-32363	26	101	key	key	ADJ
fbem-32363	26	102	role	role	NOUN
fbem-32363	26	103	in	in	ADP
fbem-32363	26	104	promoting	promote	VERB
fbem-32363	26	105	the	the	DET
fbem-32363	26	106	development	development	NOUN
fbem-32363	26	107	of	of	ADP
fbem-32363	26	108	the	the	DET
fbem-32363	26	109	digital	digital	ADJ
fbem-32363	26	110	economy	economy	NOUN
fbem-32363	26	111	.	.	PUNCT
fbem-32363	27	1	based	base	VERB
fbem-32363	27	2	on	on	ADP
fbem-32363	27	3	the	the	DET
fbem-32363	27	4	above	above	ADJ
fbem-32363	27	5	multi	multi	ADJ
fbem-32363	27	6	-	-	ADJ
fbem-32363	27	7	dimensional	dimensional	ADJ
fbem-32363	27	8	discussion	discussion	NOUN
fbem-32363	27	9	and	and	CCONJ
fbem-32363	27	10	155	155	NUM
fbem-32363	27	11	analysis	analysis	NOUN
fbem-32363	27	12	,	,	PUNCT
fbem-32363	27	13	this	this	DET
fbem-32363	27	14	paper	paper	NOUN
fbem-32363	27	15	argues	argue	VERB
fbem-32363	27	16	that	that	SCONJ
fbem-32363	27	17	data	datum	NOUN
fbem-32363	27	18	assets	asset	NOUN
fbem-32363	27	19	refer	refer	VERB
fbem-32363	27	20	to	to	ADP
fbem-32363	27	21	information	information	NOUN
fbem-32363	27	22	resources	resource	NOUN
fbem-32363	27	23	formed	form	VERB
fbem-32363	27	24	,	,	PUNCT
fbem-32363	27	25	accumulated	accumulate	VERB
fbem-32363	27	26	,	,	PUNCT
fbem-32363	27	27	and	and	CCONJ
fbem-32363	27	28	independently	independently	ADV
fbem-32363	27	29	controllable	controllable	ADJ
fbem-32363	27	30	by	by	ADP
fbem-32363	27	31	enterprises	enterprise	NOUN
fbem-32363	27	32	in	in	ADP
fbem-32363	27	33	their	their	PRON
fbem-32363	27	34	daily	daily	ADJ
fbem-32363	27	35	operations	operation	NOUN
fbem-32363	27	36	with	with	ADP
fbem-32363	27	37	clear	clear	ADJ
fbem-32363	27	38	economic	economic	ADJ
fbem-32363	27	39	value	value	NOUN
fbem-32363	27	40	.	.	PUNCT
fbem-32363	28	1	they	they	PRON
fbem-32363	28	2	are	be	AUX
fbem-32363	28	3	also	also	ADV
fbem-32363	28	4	an	an	DET
fbem-32363	28	5	important	important	ADJ
fbem-32363	28	6	strategic	strategic	ADJ
fbem-32363	28	7	resource	resource	NOUN
fbem-32363	28	8	for	for	ADP
fbem-32363	28	9	enterprises	enterprise	NOUN
fbem-32363	28	10	,	,	PUNCT
fbem-32363	28	11	serving	serve	VERB
fbem-32363	28	12	not	not	PART
fbem-32363	28	13	only	only	ADV
fbem-32363	28	14	as	as	ADP
fbem-32363	28	15	a	a	DET
fbem-32363	28	16	new	new	ADJ
fbem-32363	28	17	engine	engine	NOUN
fbem-32363	28	18	driving	driving	NOUN
fbem-32363	28	19	enterprises	enterprise	NOUN
fbem-32363	28	20	'	'	PART
fbem-32363	28	21	digital	digital	ADJ
fbem-32363	28	22	transformation	transformation	NOUN
fbem-32363	28	23	but	but	CCONJ
fbem-32363	28	24	also	also	ADV
fbem-32363	28	25	as	as	ADP
fbem-32363	28	26	a	a	DET
fbem-32363	28	27	key	key	ADJ
fbem-32363	28	28	driver	driver	NOUN
fbem-32363	28	29	for	for	ADP
fbem-32363	28	30	the	the	DET
fbem-32363	28	31	development	development	NOUN
fbem-32363	28	32	of	of	ADP
fbem-32363	28	33	the	the	DET
fbem-32363	28	34	digital	digital	ADJ
fbem-32363	28	35	economy	economy	NOUN
fbem-32363	28	36	.	.	PUNCT
fbem-32363	29	1	2.2	2.2	NUM
fbem-32363	29	2	.	.	PUNCT
fbem-32363	30	1	excess	excess	ADJ
fbem-32363	30	2	earnings	earning	NOUN
fbem-32363	30	3	method	method	NOUN
fbem-32363	30	4	excess	excess	ADJ
fbem-32363	30	5	earnings	earning	NOUN
fbem-32363	30	6	method	method	NOUN
fbem-32363	30	7	refers	refer	VERB
fbem-32363	30	8	to	to	ADP
fbem-32363	30	9	an	an	DET
fbem-32363	30	10	evaluation	evaluation	NOUN
fbem-32363	30	11	approach	approach	NOUN
fbem-32363	30	12	that	that	PRON
fbem-32363	30	13	determines	determine	VERB
fbem-32363	30	14	the	the	DET
fbem-32363	30	15	value	value	NOUN
fbem-32363	30	16	of	of	ADP
fbem-32363	30	17	a	a	DET
fbem-32363	30	18	target	target	NOUN
fbem-32363	30	19	intangible	intangible	ADJ
fbem-32363	30	20	asset	asset	NOUN
fbem-32363	30	21	by	by	ADP
fbem-32363	30	22	discounting	discount	VERB
fbem-32363	30	23	and	and	CCONJ
fbem-32363	30	24	summing	sum	VERB
fbem-32363	30	25	up	up	ADP
fbem-32363	30	26	its	its	PRON
fbem-32363	30	27	expected	expect	VERB
fbem-32363	30	28	excess	excess	ADJ
fbem-32363	30	29	earnings	earning	NOUN
fbem-32363	30	30	.	.	PUNCT
fbem-32363	31	1	among	among	ADP
fbem-32363	31	2	these	these	PRON
fbem-32363	31	3	,	,	PUNCT
fbem-32363	31	4	excess	excess	ADJ
fbem-32363	31	5	earnings	earning	NOUN
fbem-32363	31	6	are	be	AUX
fbem-32363	31	7	mainly	mainly	ADV
fbem-32363	31	8	reflected	reflect	VERB
fbem-32363	31	9	by	by	ADP
fbem-32363	31	10	the	the	DET
fbem-32363	31	11	difference	difference	NOUN
fbem-32363	31	12	in	in	ADP
fbem-32363	31	13	earnings	earning	NOUN
fbem-32363	31	14	obtained	obtain	VERB
fbem-32363	31	15	by	by	ADP
fbem-32363	31	16	the	the	DET
fbem-32363	31	17	enterprise	enterprise	NOUN
fbem-32363	31	18	before	before	ADP
fbem-32363	31	19	and	and	CCONJ
fbem-32363	31	20	after	after	ADP
fbem-32363	31	21	applying	apply	VERB
fbem-32363	31	22	the	the	DET
fbem-32363	31	23	target	target	NOUN
fbem-32363	31	24	asset	asset	NOUN
fbem-32363	31	25	.	.	PUNCT
fbem-32363	32	1	the	the	DET
fbem-32363	32	2	logic	logic	NOUN
fbem-32363	32	3	of	of	ADP
fbem-32363	32	4	using	use	VERB
fbem-32363	32	5	this	this	DET
fbem-32363	32	6	method	method	NOUN
fbem-32363	32	7	is	be	AUX
fbem-32363	32	8	to	to	PART
fbem-32363	32	9	quantify	quantify	VERB
fbem-32363	32	10	the	the	DET
fbem-32363	32	11	value	value	NOUN
fbem-32363	32	12	contribution	contribution	NOUN
fbem-32363	32	13	of	of	ADP
fbem-32363	32	14	data	data	NOUN
fbem-32363	32	15	assets	asset	NOUN
fbem-32363	32	16	by	by	ADP
fbem-32363	32	17	comparing	compare	VERB
fbem-32363	32	18	the	the	DET
fbem-32363	32	19	difference	difference	NOUN
fbem-32363	32	20	in	in	ADP
fbem-32363	32	21	earnings	earning	NOUN
fbem-32363	32	22	before	before	ADV
fbem-32363	32	23	and	and	CCONJ
fbem-32363	32	24	after	after	ADP
fbem-32363	32	25	the	the	DET
fbem-32363	32	26	use	use	NOUN
fbem-32363	32	27	of	of	ADP
fbem-32363	32	28	intangible	intangible	ADJ
fbem-32363	32	29	assets	asset	NOUN
fbem-32363	32	30	.	.	PUNCT
fbem-32363	33	1	the	the	DET
fbem-32363	33	2	basic	basic	ADJ
fbem-32363	33	3	formula	formula	NOUN
fbem-32363	33	4	is	be	AUX
fbem-32363	33	5	as	as	SCONJ
fbem-32363	33	6	follows	follow	VERB
fbem-32363	33	7	:	:	PUNCT
fbem-32363	33	8	1	1	NUM
fbem-32363	33	9	(	(	PUNCT
fbem-32363	33	10	1	1	NUM
fbem-32363	33	11	)	)	PUNCT
fbem-32363	33	12	n	n	ADP
fbem-32363	33	13	t	t	PROPN
fbem-32363	33	14	v	v	X
fbem-32363	33	15	t	t	PROPN
fbem-32363	33	16	t	t	NOUN
fbem-32363	33	17	r	r	NOUN
fbem-32363	33	18	p	p	X
fbem-32363	33	19	i=	i=	NOUN
fbem-32363	33	20			PUNCT
fbem-32363	34	1	=	=	PUNCT
fbem-32363	35	1	+	+	CCONJ
fbem-32363	35	2			X
fbem-32363	35	3	where	where	SCONJ
fbem-32363	35	4	vp	vp	PROPN
fbem-32363	35	5	denotes	denote	VERB
fbem-32363	35	6	the	the	DET
fbem-32363	35	7	value	value	NOUN
fbem-32363	35	8	of	of	ADP
fbem-32363	35	9	the	the	DET
fbem-32363	35	10	assessed	assessed	ADJ
fbem-32363	35	11	asset	asset	NOUN
fbem-32363	35	12	,	,	PUNCT
fbem-32363	35	13	tr	tr	NOUN
fbem-32363	35	14	denotes	denote	VERB
fbem-32363	35	15	the	the	DET
fbem-32363	35	16	excess	excess	ADJ
fbem-32363	35	17	earnings	earning	NOUN
fbem-32363	35	18	of	of	ADP
fbem-32363	35	19	the	the	DET
fbem-32363	35	20	assessed	assessed	ADJ
fbem-32363	35	21	asset	asset	NOUN
fbem-32363	35	22	in	in	ADP
fbem-32363	35	23	year	year	NOUN
fbem-32363	35	24	t	t	NOUN
fbem-32363	35	25	,	,	PUNCT
fbem-32363	35	26	n	n	CCONJ
fbem-32363	35	27	denotes	denote	VERB
fbem-32363	35	28	the	the	DET
fbem-32363	35	29	revenue	revenue	NOUN
fbem-32363	35	30	period	period	NOUN
fbem-32363	35	31	,	,	PUNCT
fbem-32363	35	32	and	and	CCONJ
fbem-32363	35	33	i	i	PRON
fbem-32363	35	34	denotes	denote	VERB
fbem-32363	35	35	the	the	DET
fbem-32363	35	36	discount	discount	NOUN
fbem-32363	35	37	rate	rate	NOUN
fbem-32363	35	38	.	.	PUNCT
fbem-32363	36	1	in	in	ADP
fbem-32363	36	2	applying	apply	VERB
fbem-32363	36	3	the	the	DET
fbem-32363	36	4	excess	excess	ADJ
fbem-32363	36	5	earnings	earning	NOUN
fbem-32363	36	6	method	method	NOUN
fbem-32363	36	7	to	to	PART
fbem-32363	36	8	determine	determine	VERB
fbem-32363	36	9	the	the	DET
fbem-32363	36	10	value	value	NOUN
fbem-32363	36	11	of	of	ADP
fbem-32363	36	12	data	datum	NOUN
fbem-32363	36	13	assets	asset	NOUN
fbem-32363	36	14	,	,	PUNCT
fbem-32363	36	15	the	the	DET
fbem-32363	36	16	core	core	NOUN
fbem-32363	36	17	issue	issue	NOUN
fbem-32363	36	18	lies	lie	VERB
fbem-32363	36	19	in	in	ADP
fbem-32363	36	20	how	how	SCONJ
fbem-32363	36	21	to	to	PART
fbem-32363	36	22	scientifically	scientifically	ADV
fbem-32363	36	23	quantify	quantify	VERB
fbem-32363	36	24	the	the	DET
fbem-32363	36	25	excess	excess	ADJ
fbem-32363	36	26	earnings	earning	NOUN
fbem-32363	36	27	they	they	PRON
fbem-32363	36	28	generate	generate	VERB
fbem-32363	36	29	.	.	PUNCT
fbem-32363	37	1	given	give	VERB
fbem-32363	37	2	that	that	SCONJ
fbem-32363	37	3	data	datum	NOUN
fbem-32363	37	4	assets	asset	NOUN
fbem-32363	37	5	share	share	VERB
fbem-32363	37	6	some	some	DET
fbem-32363	37	7	attributes	attribute	NOUN
fbem-32363	37	8	with	with	ADP
fbem-32363	37	9	intangible	intangible	ADJ
fbem-32363	37	10	assets	asset	NOUN
fbem-32363	37	11	,	,	PUNCT
fbem-32363	37	12	this	this	DET
fbem-32363	37	13	paper	paper	NOUN
fbem-32363	37	14	classifies	classify	VERB
fbem-32363	37	15	them	they	PRON
fbem-32363	37	16	into	into	ADP
fbem-32363	37	17	the	the	DET
fbem-32363	37	18	category	category	NOUN
fbem-32363	37	19	of	of	ADP
fbem-32363	37	20	intangible	intangible	ADJ
fbem-32363	37	21	assets	asset	NOUN
fbem-32363	37	22	for	for	ADP
fbem-32363	37	23	valuation	valuation	NOUN
fbem-32363	37	24	.	.	PUNCT
fbem-32363	38	1	currently	currently	ADV
fbem-32363	38	2	,	,	PUNCT
fbem-32363	38	3	in	in	ADP
fbem-32363	38	4	the	the	DET
fbem-32363	38	5	field	field	NOUN
fbem-32363	38	6	of	of	ADP
fbem-32363	38	7	asset	asset	NOUN
fbem-32363	38	8	valuation	valuation	NOUN
fbem-32363	38	9	,	,	PUNCT
fbem-32363	38	10	methods	method	NOUN
fbem-32363	38	11	such	such	ADJ
fbem-32363	38	12	as	as	ADP
fbem-32363	38	13	the	the	DET
fbem-32363	38	14	direct	direct	ADJ
fbem-32363	38	15	estimation	estimation	NOUN
fbem-32363	38	16	method	method	NOUN
fbem-32363	38	17	,	,	PUNCT
fbem-32363	38	18	allocation	allocation	NOUN
fbem-32363	38	19	method	method	NOUN
fbem-32363	38	20	,	,	PUNCT
fbem-32363	38	21	and	and	CCONJ
fbem-32363	38	22	difference	difference	NOUN
fbem-32363	38	23	method	method	NOUN
fbem-32363	38	24	are	be	AUX
fbem-32363	38	25	mainly	mainly	ADV
fbem-32363	38	26	used	use	VERB
fbem-32363	38	27	to	to	PART
fbem-32363	38	28	determine	determine	VERB
fbem-32363	38	29	the	the	DET
fbem-32363	38	30	excess	excess	ADJ
fbem-32363	38	31	earnings	earning	NOUN
fbem-32363	38	32	contributed	contribute	VERB
fbem-32363	38	33	by	by	ADP
fbem-32363	38	34	intangible	intangible	ADJ
fbem-32363	38	35	assets.among	assets.among	ADP
fbem-32363	38	36	these	these	PRON
fbem-32363	38	37	,	,	PUNCT
fbem-32363	38	38	the	the	DET
fbem-32363	38	39	direct	direct	ADJ
fbem-32363	38	40	estimation	estimation	NOUN
fbem-32363	38	41	method	method	NOUN
fbem-32363	38	42	refers	refer	VERB
fbem-32363	38	43	to	to	ADP
fbem-32363	38	44	directly	directly	ADV
fbem-32363	38	45	comparing	compare	VERB
fbem-32363	38	46	predicted	predict	VERB
fbem-32363	38	47	future	future	ADJ
fbem-32363	38	48	earnings	earning	NOUN
fbem-32363	38	49	with	with	ADP
fbem-32363	38	50	benchmark	benchmark	ADJ
fbem-32363	38	51	earnings	earning	NOUN
fbem-32363	38	52	to	to	PART
fbem-32363	38	53	determine	determine	VERB
fbem-32363	38	54	excess	excess	ADJ
fbem-32363	38	55	earnings	earning	NOUN
fbem-32363	38	56	.	.	PUNCT
fbem-32363	39	1	however	however	ADV
fbem-32363	39	2	,	,	PUNCT
fbem-32363	39	3	this	this	DET
fbem-32363	39	4	method	method	NOUN
fbem-32363	39	5	has	have	VERB
fbem-32363	39	6	a	a	DET
fbem-32363	39	7	subjectivity	subjectivity	NOUN
fbem-32363	39	8	-	-	PUNCT
fbem-32363	39	9	driven	drive	VERB
fbem-32363	39	10	flaw	flaw	NOUN
fbem-32363	39	11	,	,	PUNCT
fbem-32363	39	12	as	as	SCONJ
fbem-32363	39	13	it	it	PRON
fbem-32363	39	14	heavily	heavily	ADV
fbem-32363	39	15	relies	rely	VERB
fbem-32363	39	16	on	on	ADP
fbem-32363	39	17	the	the	DET
fbem-32363	39	18	assessor	assessor	NOUN
fbem-32363	39	19	's	's	PART
fbem-32363	39	20	experience	experience	NOUN
fbem-32363	39	21	,	,	PUNCT
fbem-32363	39	22	knowledge	knowledge	NOUN
fbem-32363	39	23	,	,	PUNCT
fbem-32363	39	24	and	and	CCONJ
fbem-32363	39	25	subjective	subjective	ADJ
fbem-32363	39	26	judgment	judgment	NOUN
fbem-32363	39	27	,	,	PUNCT
fbem-32363	39	28	making	make	VERB
fbem-32363	39	29	it	it	PRON
fbem-32363	39	30	difficult	difficult	ADJ
fbem-32363	39	31	to	to	PART
fbem-32363	39	32	ensure	ensure	VERB
fbem-32363	39	33	the	the	DET
fbem-32363	39	34	accuracy	accuracy	NOUN
fbem-32363	39	35	of	of	ADP
fbem-32363	39	36	results.the	results.the	DET
fbem-32363	39	37	allocation	allocation	NOUN
fbem-32363	39	38	method	method	NOUN
fbem-32363	39	39	estimates	estimate	VERB
fbem-32363	39	40	excess	excess	ADJ
fbem-32363	39	41	earnings	earning	NOUN
fbem-32363	39	42	through	through	ADP
fbem-32363	39	43	the	the	DET
fbem-32363	39	44	allocation	allocation	NOUN
fbem-32363	39	45	ratio	ratio	NOUN
fbem-32363	39	46	of	of	ADP
fbem-32363	39	47	asset	asset	NOUN
fbem-32363	39	48	earnings	earning	NOUN
fbem-32363	39	49	based	base	VERB
fbem-32363	39	50	on	on	ADP
fbem-32363	39	51	the	the	DET
fbem-32363	39	52	principle	principle	NOUN
fbem-32363	39	53	of	of	ADP
fbem-32363	39	54	income	income	NOUN
fbem-32363	39	55	distribution	distribution	NOUN
fbem-32363	39	56	.	.	PUNCT
fbem-32363	40	1	the	the	DET
fbem-32363	40	2	core	core	NOUN
fbem-32363	40	3	of	of	ADP
fbem-32363	40	4	this	this	DET
fbem-32363	40	5	method	method	NOUN
fbem-32363	40	6	lies	lie	VERB
fbem-32363	40	7	in	in	ADP
fbem-32363	40	8	determining	determine	VERB
fbem-32363	40	9	the	the	DET
fbem-32363	40	10	allocation	allocation	NOUN
fbem-32363	40	11	ratio	ratio	NOUN
fbem-32363	40	12	,	,	PUNCT
fbem-32363	40	13	but	but	CCONJ
fbem-32363	40	14	the	the	DET
fbem-32363	40	15	strong	strong	ADJ
fbem-32363	40	16	dependency	dependency	NOUN
fbem-32363	40	17	and	and	CCONJ
fbem-32363	40	18	volatility	volatility	NOUN
fbem-32363	40	19	of	of	ADP
fbem-32363	40	20	data	datum	NOUN
fbem-32363	40	21	assets	asset	NOUN
fbem-32363	40	22	'	'	PART
fbem-32363	40	23	value	value	NOUN
fbem-32363	40	24	make	make	VERB
fbem-32363	40	25	it	it	PRON
fbem-32363	40	26	challenging	challenge	VERB
fbem-32363	40	27	to	to	PART
fbem-32363	40	28	reasonably	reasonably	ADV
fbem-32363	40	29	determine	determine	VERB
fbem-32363	40	30	this	this	DET
fbem-32363	40	31	ratio.the	ratio.the	DET
fbem-32363	40	32	difference	difference	NOUN
fbem-32363	40	33	method	method	NOUN
fbem-32363	40	34	determines	determine	VERB
fbem-32363	40	35	excess	excess	ADJ
fbem-32363	40	36	earnings	earning	NOUN
fbem-32363	40	37	by	by	ADP
fbem-32363	40	38	comparing	compare	VERB
fbem-32363	40	39	the	the	DET
fbem-32363	40	40	earnings	earning	NOUN
fbem-32363	40	41	gap	gap	NOUN
fbem-32363	40	42	before	before	ADP
fbem-32363	40	43	and	and	CCONJ
fbem-32363	40	44	after	after	SCONJ
fbem-32363	40	45	the	the	DET
fbem-32363	40	46	enterprise	enterprise	NOUN
fbem-32363	40	47	uses	use	VERB
fbem-32363	40	48	the	the	DET
fbem-32363	40	49	assessed	assessed	ADJ
fbem-32363	40	50	asset	asset	NOUN
fbem-32363	40	51	.	.	PUNCT
fbem-32363	41	1	nevertheless	nevertheless	ADV
fbem-32363	41	2	,	,	PUNCT
fbem-32363	41	3	this	this	DET
fbem-32363	41	4	method	method	NOUN
fbem-32363	41	5	has	have	VERB
fbem-32363	41	6	high	high	ADJ
fbem-32363	41	7	requirements	requirement	NOUN
fbem-32363	41	8	for	for	ADP
fbem-32363	41	9	data	datum	NOUN
fbem-32363	41	10	quality	quality	NOUN
fbem-32363	41	11	and	and	CCONJ
fbem-32363	41	12	completeness	completeness	NOUN
fbem-32363	41	13	,	,	PUNCT
fbem-32363	41	14	and	and	CCONJ
fbem-32363	41	15	may	may	AUX
fbem-32363	41	16	face	face	VERB
fbem-32363	41	17	issues	issue	NOUN
fbem-32363	41	18	of	of	ADP
fbem-32363	41	19	data	datum	NOUN
fbem-32363	41	20	being	be	AUX
fbem-32363	41	21	difficult	difficult	ADJ
fbem-32363	41	22	to	to	PART
fbem-32363	41	23	quantify	quantify	VERB
fbem-32363	41	24	.	.	PUNCT
fbem-32363	42	1	in	in	ADP
fbem-32363	42	2	comparison	comparison	NOUN
fbem-32363	42	3	,	,	PUNCT
fbem-32363	42	4	since	since	SCONJ
fbem-32363	42	5	the	the	DET
fbem-32363	42	6	calculation	calculation	NOUN
fbem-32363	42	7	approach	approach	NOUN
fbem-32363	42	8	of	of	ADP
fbem-32363	42	9	the	the	DET
fbem-32363	42	10	difference	difference	NOUN
fbem-32363	42	11	method	method	NOUN
fbem-32363	42	12	involves	involves	AUX
fbem-32363	42	13	first	first	ADV
fbem-32363	42	14	determining	determine	VERB
fbem-32363	42	15	the	the	DET
fbem-32363	42	16	enterprise	enterprise	NOUN
fbem-32363	42	17	's	's	PART
fbem-32363	42	18	total	total	ADJ
fbem-32363	42	19	earnings	earning	NOUN
fbem-32363	42	20	,	,	PUNCT
fbem-32363	42	21	then	then	ADV
fbem-32363	42	22	deducting	deduct	VERB
fbem-32363	42	23	the	the	DET
fbem-32363	42	24	earnings	earning	NOUN
fbem-32363	42	25	generated	generate	VERB
fbem-32363	42	26	by	by	ADP
fbem-32363	42	27	other	other	ADJ
fbem-32363	42	28	assets	asset	NOUN
fbem-32363	42	29	to	to	PART
fbem-32363	42	30	derive	derive	VERB
fbem-32363	42	31	the	the	DET
fbem-32363	42	32	required	require	VERB
fbem-32363	42	33	excess	excess	ADJ
fbem-32363	42	34	earnings	earning	NOUN
fbem-32363	42	35	,	,	PUNCT
fbem-32363	42	36	this	this	DET
fbem-32363	42	37	approach	approach	NOUN
fbem-32363	42	38	is	be	AUX
fbem-32363	42	39	more	more	ADV
fbem-32363	42	40	feasible	feasible	ADJ
fbem-32363	42	41	in	in	ADP
fbem-32363	42	42	practical	practical	ADJ
fbem-32363	42	43	applications	application	NOUN
fbem-32363	42	44	.	.	PUNCT
fbem-32363	43	1	therefore	therefore	ADV
fbem-32363	43	2	,	,	PUNCT
fbem-32363	43	3	this	this	DET
fbem-32363	43	4	paper	paper	NOUN
fbem-32363	43	5	adopts	adopt	VERB
fbem-32363	43	6	the	the	DET
fbem-32363	43	7	difference	difference	NOUN
fbem-32363	43	8	method	method	NOUN
fbem-32363	43	9	to	to	PART
fbem-32363	43	10	determine	determine	VERB
fbem-32363	43	11	the	the	DET
fbem-32363	43	12	excess	excess	ADJ
fbem-32363	43	13	earnings	earning	NOUN
fbem-32363	43	14	generated	generate	VERB
fbem-32363	43	15	by	by	ADP
fbem-32363	43	16	data	datum	NOUN
fbem-32363	43	17	assets	asset	NOUN
fbem-32363	43	18	.	.	PUNCT
fbem-32363	44	1	the	the	DET
fbem-32363	44	2	specific	specific	ADJ
fbem-32363	44	3	calculation	calculation	NOUN
fbem-32363	44	4	formula	formula	NOUN
fbem-32363	44	5	is	be	AUX
fbem-32363	44	6	as	as	SCONJ
fbem-32363	44	7	follows	follow	VERB
fbem-32363	44	8	:	:	PUNCT
fbem-32363	44	9	(	(	PUNCT
fbem-32363	44	10	)	)	PUNCT
fbem-32363	44	11	(	(	PUNCT
fbem-32363	44	12	)	)	PUNCT
fbem-32363	44	13	1	1	NUM
fbem-32363	44	14	2	2	NUM
fbem-32363	44	15	1	1	NUM
fbem-32363	44	16	1	1	NUM
fbem-32363	44	17	n	n	NUM
fbem-32363	44	18	c	c	NOUN
fbem-32363	44	19	t	t	NOUN
fbem-32363	45	1	f	f	X
fbem-32363	46	1	i	i	PRON
fbem-32363	46	2	v	v	VERB
fbem-32363	46	3	t	t	X
fbem-32363	47	1	i	i	NOUN
fbem-32363	47	2	e	e	NOUN
fbem-32363	47	3	e	e	X
fbem-32363	47	4	e	e	X
fbem-32363	47	5	e	e	X
fbem-32363	47	6	e	e	X
fbem-32363	47	7	p	p	PROPN
fbem-32363	47	8	i=	i=	PROPN
fbem-32363	47	9	−	−	PROPN
fbem-32363	48	1	−	−	NOUN
fbem-32363	49	1	−	−	NOUN
fbem-32363	49	2	−	−	PROPN
fbem-32363	50	1	=	=	SYM
fbem-32363	51	1	+	+	CCONJ
fbem-32363	51	2			X
fbem-32363	51	3	where	where	SCONJ
fbem-32363	51	4	vp	vp	PROPN
fbem-32363	51	5	denotes	denote	VERB
fbem-32363	51	6	the	the	DET
fbem-32363	51	7	value	value	NOUN
fbem-32363	51	8	of	of	ADP
fbem-32363	51	9	data	datum	NOUN
fbem-32363	51	10	assets	asset	NOUN
fbem-32363	51	11	,	,	PUNCT
fbem-32363	51	12	e	e	PROPN
fbem-32363	51	13	denotes	denote	VERB
fbem-32363	51	14	the	the	DET
fbem-32363	51	15	enterprise	enterprise	NOUN
fbem-32363	51	16	's	's	PART
fbem-32363	51	17	free	free	ADJ
fbem-32363	51	18	cash	cash	NOUN
fbem-32363	51	19	flows	flow	NOUN
fbem-32363	51	20	,	,	PUNCT
fbem-32363	51	21	fe	fe	X
fbem-32363	51	22	denotes	denote	VERB
fbem-32363	51	23	the	the	DET
fbem-32363	51	24	contribution	contribution	NOUN
fbem-32363	51	25	value	value	NOUN
fbem-32363	51	26	of	of	ADP
fbem-32363	51	27	fixed	fix	VERB
fbem-32363	51	28	assets	asset	NOUN
fbem-32363	51	29	,	,	PUNCT
fbem-32363	51	30	ce	ce	PROPN
fbem-32363	51	31	denotes	denote	VERB
fbem-32363	51	32	the	the	DET
fbem-32363	51	33	contribution	contribution	NOUN
fbem-32363	51	34	value	value	NOUN
fbem-32363	51	35	of	of	ADP
fbem-32363	51	36	current	current	ADJ
fbem-32363	51	37	assets	asset	NOUN
fbem-32363	51	38	,	,	PUNCT
fbem-32363	51	39	1ie	1ie	PROPN
fbem-32363	51	40	d	d	NOUN
fbem-32363	51	41	enotes	enote	VERB
fbem-32363	51	42	the	the	DET
fbem-32363	51	43	contribution	contribution	NOUN
fbem-32363	51	44	value	value	NOUN
fbem-32363	51	45	of	of	ADP
fbem-32363	51	46	on	on	ADP
fbem-32363	51	47	-	-	PUNCT
fbem-32363	51	48	balance	balance	NOUN
fbem-32363	51	49	-	-	PUNCT
fbem-32363	51	50	sheet	sheet	NOUN
fbem-32363	51	51	intangible	intangible	ADJ
fbem-32363	51	52	assets	asset	NOUN
fbem-32363	51	53	,	,	PUNCT
fbem-32363	51	54	2ie	2ie	ADJ
fbem-32363	51	55	denotes	denote	VERB
fbem-32363	51	56	the	the	DET
fbem-32363	51	57	contribution	contribution	NOUN
fbem-32363	51	58	value	value	NOUN
fbem-32363	51	59	of	of	ADP
fbem-32363	51	60	other	other	ADJ
fbem-32363	51	61	off	off	ADP
fbem-32363	51	62	-	-	PUNCT
fbem-32363	51	63	balance	balance	NOUN
fbem-32363	51	64	-	-	PUNCT
fbem-32363	51	65	sheet	sheet	NOUN
fbem-32363	51	66	intangible	intangible	ADJ
fbem-32363	51	67	assets	asset	NOUN
fbem-32363	51	68	,	,	PUNCT
fbem-32363	51	69	n	n	CCONJ
fbem-32363	51	70	denotes	denote	VERB
fbem-32363	51	71	the	the	DET
fbem-32363	51	72	revenue	revenue	NOUN
fbem-32363	51	73	period	period	NOUN
fbem-32363	51	74	,	,	PUNCT
fbem-32363	51	75	and	and	CCONJ
fbem-32363	51	76	i	i	PRON
fbem-32363	51	77	denotes	denote	VERB
fbem-32363	51	78	the	the	DET
fbem-32363	51	79	discount	discount	NOUN
fbem-32363	51	80	rate	rate	NOUN
fbem-32363	51	81	.	.	PUNCT
fbem-32363	52	1	3	3	X
fbem-32363	52	2	.	.	X
fbem-32363	52	3	case	case	NOUN
fbem-32363	52	4	study	study	NOUN
fbem-32363	52	5	—	—	PUNCT
fbem-32363	52	6	taking	take	VERB
fbem-32363	52	7	shede	shede	ADJ
fbem-32363	52	8	spirits	spirit	NOUN
fbem-32363	52	9	as	as	ADP
fbem-32363	52	10	an	an	DET
fbem-32363	52	11	example	example	NOUN
fbem-32363	52	12	3.1	3.1	NUM
fbem-32363	52	13	.	.	PUNCT
fbem-32363	53	1	company	company	NOUN
fbem-32363	53	2	profile	profile	NOUN
fbem-32363	53	3	shede	shede	ADJ
fbem-32363	53	4	spirits	spirit	NOUN
fbem-32363	53	5	is	be	AUX
fbem-32363	53	6	a	a	DET
fbem-32363	53	7	well	well	ADV
fbem-32363	53	8	-	-	PUNCT
fbem-32363	53	9	known	know	VERB
fbem-32363	53	10	chinese	chinese	ADJ
fbem-32363	53	11	baijiu	baijiu	NOUN
fbem-32363	53	12	producer	producer	NOUN
fbem-32363	53	13	and	and	CCONJ
fbem-32363	53	14	one	one	NUM
fbem-32363	53	15	of	of	ADP
fbem-32363	53	16	sichuan	sichuan	PROPN
fbem-32363	53	17	liquor	liquor	PROPN
fbem-32363	53	18	's	's	PART
fbem-32363	53	19	"	"	PUNCT
fbem-32363	53	20	six	six	NUM
fbem-32363	53	21	golden	golden	ADJ
fbem-32363	53	22	flowers	flower	NOUN
fbem-32363	53	23	"	"	PUNCT
fbem-32363	53	24	.	.	PUNCT
fbem-32363	54	1	it	it	PRON
fbem-32363	54	2	is	be	AUX
fbem-32363	54	3	also	also	ADV
fbem-32363	54	4	the	the	DET
fbem-32363	54	5	third	third	ADJ
fbem-32363	54	6	listed	list	VERB
fbem-32363	54	7	company	company	NOUN
fbem-32363	54	8	and	and	CCONJ
fbem-32363	54	9	the	the	DET
fbem-32363	54	10	third	third	ADJ
fbem-32363	54	11	recipient	recipient	NOUN
fbem-32363	54	12	of	of	ADP
fbem-32363	54	13	the	the	DET
fbem-32363	54	14	national	national	ADJ
fbem-32363	54	15	quality	quality	PROPN
fbem-32363	54	16	award	award	PROPN
fbem-32363	54	17	in	in	ADP
fbem-32363	54	18	china	china	PROPN
fbem-32363	54	19	's	's	PART
fbem-32363	54	20	baijiu	baijiu	NOUN
fbem-32363	54	21	industry	industry	NOUN
fbem-32363	54	22	,	,	PUNCT
fbem-32363	54	23	occupying	occupy	VERB
fbem-32363	54	24	an	an	DET
fbem-32363	54	25	important	important	ADJ
fbem-32363	54	26	position	position	NOUN
fbem-32363	54	27	in	in	ADP
fbem-32363	54	28	the	the	DET
fbem-32363	54	29	sector.the	sector.the	DET
fbem-32363	54	30	digital	digital	ADJ
fbem-32363	54	31	development	development	NOUN
fbem-32363	54	32	achievements	achievement	NOUN
fbem-32363	54	33	of	of	ADP
fbem-32363	54	34	shede	shede	ADJ
fbem-32363	54	35	spirits	spirit	NOUN
fbem-32363	54	36	are	be	AUX
fbem-32363	54	37	mainly	mainly	ADV
fbem-32363	54	38	reflected	reflect	VERB
fbem-32363	54	39	in	in	ADP
fbem-32363	54	40	smart	smart	ADJ
fbem-32363	54	41	packaging	packaging	NOUN
fbem-32363	54	42	factories	factory	NOUN
fbem-32363	54	43	,	,	PUNCT
fbem-32363	54	44	the	the	DET
fbem-32363	54	45	s2b2c	s2b2c	NOUN
fbem-32363	54	46	model	model	NOUN
fbem-32363	54	47	,	,	PUNCT
fbem-32363	54	48	and	and	CCONJ
fbem-32363	54	49	member	member	NOUN
fbem-32363	54	50	registration	registration	NOUN
fbem-32363	54	51	.	.	PUNCT
fbem-32363	55	1	by	by	ADP
fbem-32363	55	2	implementing	implement	VERB
fbem-32363	55	3	key	key	ADJ
fbem-32363	55	4	smart	smart	ADJ
fbem-32363	55	5	manufacturing	manufacturing	NOUN
fbem-32363	55	6	projects	project	NOUN
fbem-32363	55	7	,	,	PUNCT
fbem-32363	55	8	shede	shede	ADJ
fbem-32363	55	9	spirits	spirit	NOUN
fbem-32363	55	10	has	have	AUX
fbem-32363	55	11	vigorously	vigorously	ADV
fbem-32363	55	12	built	build	VERB
fbem-32363	55	13	smart	smart	ADJ
fbem-32363	55	14	packaging	packaging	NOUN
fbem-32363	55	15	factories	factory	NOUN
fbem-32363	55	16	integrating	integrate	VERB
fbem-32363	55	17	iot	iot	NOUN
fbem-32363	55	18	,	,	PUNCT
fbem-32363	55	19	big	big	ADJ
fbem-32363	55	20	data	datum	NOUN
fbem-32363	55	21	,	,	PUNCT
fbem-32363	55	22	and	and	CCONJ
fbem-32363	55	23	artificial	artificial	ADJ
fbem-32363	55	24	intelligence	intelligence	NOUN
fbem-32363	55	25	technologies	technology	NOUN
fbem-32363	55	26	,	,	PUNCT
fbem-32363	55	27	aiming	aim	VERB
fbem-32363	55	28	to	to	PART
fbem-32363	55	29	realize	realize	VERB
fbem-32363	55	30	automated	automate	VERB
fbem-32363	55	31	ecological	ecological	ADJ
fbem-32363	55	32	filling	filling	NOUN
fbem-32363	55	33	of	of	ADP
fbem-32363	55	34	products	product	NOUN
fbem-32363	55	35	.	.	PUNCT
fbem-32363	56	1	in	in	ADP
fbem-32363	56	2	addition	addition	NOUN
fbem-32363	56	3	,	,	PUNCT
fbem-32363	56	4	shede	shede	ADJ
fbem-32363	56	5	spirits	spirit	NOUN
fbem-32363	56	6	adopts	adopt	VERB
fbem-32363	56	7	a	a	DET
fbem-32363	56	8	digital	digital	ADJ
fbem-32363	56	9	supply	supply	NOUN
fbem-32363	56	10	chain	chain	NOUN
fbem-32363	56	11	model	model	NOUN
fbem-32363	56	12	and	and	CCONJ
fbem-32363	56	13	achieves	achieve	VERB
fbem-32363	56	14	industrial	industrial	ADJ
fbem-32363	56	15	chain	chain	NOUN
fbem-32363	56	16	collaboration	collaboration	NOUN
fbem-32363	56	17	by	by	ADP
fbem-32363	56	18	building	build	VERB
fbem-32363	56	19	intelligent	intelligent	ADJ
fbem-32363	56	20	systems	system	NOUN
fbem-32363	56	21	—	—	PUNCT
fbem-32363	56	22	this	this	PRON
fbem-32363	56	23	not	not	PART
fbem-32363	56	24	only	only	ADV
fbem-32363	56	25	enables	enable	VERB
fbem-32363	56	26	full	full	ADJ
fbem-32363	56	27	utilization	utilization	NOUN
fbem-32363	56	28	of	of	ADP
fbem-32363	56	29	data	data	NOUN
fbem-32363	56	30	assets	asset	NOUN
fbem-32363	56	31	but	but	CCONJ
fbem-32363	56	32	also	also	ADV
fbem-32363	56	33	improves	improve	VERB
fbem-32363	56	34	operational	operational	ADJ
fbem-32363	56	35	and	and	CCONJ
fbem-32363	56	36	management	management	NOUN
fbem-32363	56	37	efficiency	efficiency	NOUN
fbem-32363	56	38	.	.	PUNCT
fbem-32363	57	1	3.2	3.2	NUM
fbem-32363	57	2	.	.	PUNCT
fbem-32363	57	3	forecast	forecast	NOUN
fbem-32363	57	4	of	of	ADP
fbem-32363	57	5	enterprise	enterprise	NOUN
fbem-32363	57	6	free	free	ADJ
fbem-32363	57	7	cash	cash	NOUN
fbem-32363	57	8	flow	flow	NOUN
fbem-32363	57	9	based	base	VERB
fbem-32363	57	10	on	on	ADP
fbem-32363	57	11	shede	shede	ADJ
fbem-32363	57	12	spirits	spirit	NOUN
fbem-32363	57	13	'	'	PART
fbem-32363	57	14	operating	operating	NOUN
fbem-32363	57	15	revenue	revenue	NOUN
fbem-32363	57	16	from	from	ADP
fbem-32363	57	17	2019	2019	NUM
fbem-32363	57	18	to	to	ADP
fbem-32363	57	19	2023	2023	NUM
fbem-32363	57	20	,	,	PUNCT
fbem-32363	57	21	this	this	DET
fbem-32363	57	22	paper	paper	NOUN
fbem-32363	57	23	uses	use	VERB
fbem-32363	57	24	the	the	DET
fbem-32363	57	25	least	least	ADJ
fbem-32363	57	26	squares	square	NOUN
fbem-32363	57	27	method	method	NOUN
fbem-32363	57	28	to	to	PART
fbem-32363	57	29	conduct	conduct	VERB
fbem-32363	57	30	a	a	DET
fbem-32363	57	31	linear	linear	ADJ
fbem-32363	57	32	regression	regression	NOUN
fbem-32363	57	33	analysis	analysis	NOUN
fbem-32363	57	34	of	of	ADP
fbem-32363	57	35	its	its	PRON
fbem-32363	57	36	operating	operating	NOUN
fbem-32363	57	37	revenue	revenue	NOUN
fbem-32363	57	38	over	over	ADP
fbem-32363	57	39	the	the	DET
fbem-32363	57	40	past	past	ADJ
fbem-32363	57	41	five	five	NUM
fbem-32363	57	42	years	year	NOUN
fbem-32363	57	43	,	,	PUNCT
fbem-32363	57	44	so	so	SCONJ
fbem-32363	57	45	as	as	SCONJ
fbem-32363	57	46	to	to	PART
fbem-32363	57	47	forecast	forecast	VERB
fbem-32363	57	48	its	its	PRON
fbem-32363	57	49	operating	operating	NOUN
fbem-32363	57	50	revenue	revenue	NOUN
fbem-32363	57	51	from	from	ADP
fbem-32363	57	52	2024	2024	NUM
fbem-32363	57	53	to	to	ADP
fbem-32363	57	54	2028.for	2028.for	ADP
fbem-32363	57	55	the	the	DET
fbem-32363	57	56	forecast	forecast	NOUN
fbem-32363	57	57	of	of	ADP
fbem-32363	57	58	data	datum	NOUN
fbem-32363	57	59	related	relate	VERB
fbem-32363	57	60	to	to	ADP
fbem-32363	57	61	operating	operating	NOUN
fbem-32363	57	62	costs	cost	NOUN
fbem-32363	57	63	,	,	PUNCT
fbem-32363	57	64	period	period	NOUN
fbem-32363	57	65	expenses	expense	NOUN
fbem-32363	57	66	,	,	PUNCT
fbem-32363	57	67	income	income	NOUN
fbem-32363	57	68	tax	tax	NOUN
fbem-32363	57	69	,	,	PUNCT
fbem-32363	57	70	capital	capital	NOUN
fbem-32363	57	71	expenditures	expenditure	NOUN
fbem-32363	57	72	,	,	PUNCT
fbem-32363	57	73	increase	increase	VERB
fbem-32363	57	74	in	in	ADP
fbem-32363	57	75	working	working	NOUN
fbem-32363	57	76	capital	capital	NOUN
fbem-32363	57	77	,	,	PUNCT
fbem-32363	57	78	fixed	fix	VERB
fbem-32363	57	79	asset	asset	NOUN
fbem-32363	57	80	depreciation	depreciation	NOUN
fbem-32363	57	81	,	,	PUNCT
fbem-32363	57	82	and	and	CCONJ
fbem-32363	57	83	intangible	intangible	ADJ
fbem-32363	57	84	asset	asset	NOUN
fbem-32363	57	85	amortization	amortization	NOUN
fbem-32363	57	86	over	over	ADP
fbem-32363	57	87	the	the	DET
fbem-32363	57	88	next	next	ADJ
fbem-32363	57	89	five	five	NUM
fbem-32363	57	90	years	year	NOUN
fbem-32363	57	91	,	,	PUNCT
fbem-32363	57	92	the	the	DET
fbem-32363	57	93	calculation	calculation	NOUN
fbem-32363	57	94	is	be	AUX
fbem-32363	57	95	performed	perform	VERB
fbem-32363	57	96	by	by	ADP
fbem-32363	57	97	multiplying	multiply	VERB
fbem-32363	57	98	the	the	DET
fbem-32363	57	99	average	average	ADJ
fbem-32363	57	100	proportion	proportion	NOUN
fbem-32363	57	101	of	of	ADP
fbem-32363	57	102	each	each	DET
fbem-32363	57	103	item	item	NOUN
fbem-32363	57	104	to	to	ADP
fbem-32363	57	105	operating	operate	VERB
fbem-32363	57	106	revenue	revenue	NOUN
fbem-32363	57	107	over	over	ADP
fbem-32363	57	108	the	the	DET
fbem-32363	57	109	past	past	ADJ
fbem-32363	57	110	five	five	NUM
fbem-32363	57	111	years	year	NOUN
fbem-32363	57	112	by	by	ADP
fbem-32363	57	113	the	the	DET
fbem-32363	57	114	forecasted	forecast	VERB
fbem-32363	57	115	operating	operate	VERB
fbem-32363	57	116	revenue.the	revenue.the	DET
fbem-32363	57	117	results	result	NOUN
fbem-32363	57	118	are	be	AUX
fbem-32363	57	119	shown	show	VERB
fbem-32363	57	120	in	in	ADP
fbem-32363	57	121	table	table	NOUN
fbem-32363	57	122	1	1	NUM
fbem-32363	57	123	.	.	X
fbem-32363	57	124	156	156	NUM
fbem-32363	57	125	table	table	NOUN
fbem-32363	57	126	1	1	NUM
fbem-32363	57	127	.	.	PUNCT
fbem-32363	57	128	forecast	forecast	NOUN
fbem-32363	57	129	of	of	ADP
fbem-32363	57	130	corporate	corporate	ADJ
fbem-32363	57	131	free	free	ADJ
fbem-32363	57	132	cash	cash	NOUN
fbem-32363	57	133	flow	flow	NOUN
fbem-32363	57	134	for	for	ADP
fbem-32363	57	135	the	the	DET
fbem-32363	57	136	period	period	NOUN
fbem-32363	57	137	2024	2024	NUM
fbem-32363	57	138	-	-	SYM
fbem-32363	57	139	2028	2028	NUM
fbem-32363	57	140	year	year	NOUN
fbem-32363	57	141	2024	2024	NUM
fbem-32363	57	142	2025	2025	NUM
fbem-32363	57	143	2026	2026	NUM
fbem-32363	57	144	2027	2027	NUM
fbem-32363	57	145	2028	2028	NUM
fbem-32363	57	146	sales	sale	NOUN
fbem-32363	57	147	revenue	revenue	NOUN
fbem-32363	57	148	835596.62	835596.62	NUM
fbem-32363	57	149	957731.85	957731.85	NUM
fbem-32363	57	150	1079867.08	1079867.08	NUM
fbem-32363	57	151	1202002.32	1202002.32	NUM
fbem-32363	57	152	1324137.55	1324137.55	NUM
fbem-32363	57	153	cost	cost	NOUN
fbem-32363	57	154	of	of	ADP
fbem-32363	57	155	sales	sale	NOUN
fbem-32363	57	156	82602.79	82602.79	NUM
fbem-32363	57	157	94676.45	94676.45	NUM
fbem-32363	57	158	106750.11	106750.11	NUM
fbem-32363	57	159	118823.77	118823.77	NUM
fbem-32363	57	160	130897.43	130897.43	NUM
fbem-32363	57	161	taxes	taxis	NOUN
fbem-32363	57	162	and	and	CCONJ
fbem-32363	57	163	surcharges	surcharge	NOUN
fbem-32363	57	164	119407.46	119407.46	NUM
fbem-32363	57	165	136860.69	136860.69	NUM
fbem-32363	57	166	154313.92	154313.92	NUM
fbem-32363	57	167	171767.14	171767.14	NUM
fbem-32363	57	168	189220.37	189220.37	NUM
fbem-32363	57	169	selling	selling	NOUN
fbem-32363	57	170	expenses	expense	NOUN
fbem-32363	57	171	157320.53	157320.53	NUM
fbem-32363	57	172	180315.33	180315.33	NUM
fbem-32363	57	173	203310.13	203310.13	NUM
fbem-32363	57	174	226304.93	226304.93	NUM
fbem-32363	57	175	249299.74	249299.74	NUM
fbem-32363	57	176	g&a	g&a	PROPN
fbem-32363	57	177	95281.59	95281.59	NUM
fbem-32363	57	178	109208.45	109208.45	NUM
fbem-32363	57	179	123135.31	123135.31	NUM
fbem-32363	57	180	137062.18	137062.18	NUM
fbem-32363	57	181	150989.04	150989.04	NUM
fbem-32363	57	182	r&d	r&d	NOUN
fbem-32363	57	183	expenses	expense	VERB
fbem-32363	57	184	7575.43	7575.43	NUM
fbem-32363	57	185	8682.70	8682.70	NUM
fbem-32363	57	186	9789.96	9789.96	NUM
fbem-32363	57	187	10897.23	10897.23	NUM
fbem-32363	57	188	12004.49	12004.49	NUM
fbem-32363	57	189	fin	fin	NOUN
fbem-32363	57	190	.	.	PUNCT
fbem-32363	58	1	exp	exp	NOUN
fbem-32363	58	2	.	.	PUNCT
fbem-32363	59	1	-1139.91	-1139.91	PROPN
fbem-32363	60	1	-1306.53	-1306.53	PROPN
fbem-32363	61	1	-1473.14	-1473.14	PROPN
fbem-32363	61	2	-1639.76	-1639.76	PROPN
fbem-32363	61	3	-1806.38	-1806.38	PROPN
fbem-32363	61	4	total	total	NOUN
fbem-32363	61	5	profit	profit	NOUN
fbem-32363	61	6	374548.73	374548.73	NUM
fbem-32363	61	7	429294.76	429294.76	NUM
fbem-32363	61	8	484040.79	484040.79	NUM
fbem-32363	61	9	538786.82	538786.82	NUM
fbem-32363	61	10	593532.85	593532.85	NUM
fbem-32363	61	11	income	income	NOUN
fbem-32363	61	12	tax	tax	NOUN
fbem-32363	61	13	expense	expense	NOUN
fbem-32363	61	14	64752.26	64752.26	NUM
fbem-32363	61	15	74216.80	74216.80	NUM
fbem-32363	61	16	83681.33	83681.33	NUM
fbem-32363	61	17	93145.87	93145.87	NUM
fbem-32363	61	18	102610.40	102610.40	NUM
fbem-32363	61	19	after	after	ADP
fbem-32363	61	20	-	-	PUNCT
fbem-32363	61	21	tax	tax	NOUN
fbem-32363	61	22	interest	interest	NOUN
fbem-32363	61	23	expense	expense	NOUN
fbem-32363	61	24	340.89	340.89	NUM
fbem-32363	61	25	390.72	390.72	NUM
fbem-32363	61	26	440.55	440.55	NUM
fbem-32363	61	27	490.37	490.37	NUM
fbem-32363	61	28	540.20	540.20	NUM
fbem-32363	61	29	d&a	d&a	PROPN
fbem-32363	61	30	179196.54	179196.54	NUM
fbem-32363	61	31	205388.86	205388.86	NUM
fbem-32363	61	32	231581.17	231581.17	NUM
fbem-32363	61	33	257773.49	257773.49	NUM
fbem-32363	61	34	283965.81	283965.81	NUM
fbem-32363	61	35	amortization	amortization	NOUN
fbem-32363	61	36	expense	expense	NOUN
fbem-32363	61	37	16853.87	16853.87	NUM
fbem-32363	61	38	19317.32	19317.32	NUM
fbem-32363	61	39	21780.77	21780.77	NUM
fbem-32363	61	40	24244.22	24244.22	NUM
fbem-32363	61	41	26707.67	26707.67	NUM
fbem-32363	61	42	capex	capex	NOUN
fbem-32363	61	43	69558.70	69558.70	NUM
fbem-32363	61	44	79725.77	79725.77	NUM
fbem-32363	61	45	89892.84	89892.84	NUM
fbem-32363	61	46	100059.90	100059.90	NUM
fbem-32363	61	47	110226.97	110226.97	NUM
fbem-32363	61	48	increase	increase	NOUN
fbem-32363	61	49	in	in	ADP
fbem-32363	61	50	working	work	VERB
fbem-32363	61	51	capital	capital	NOUN
fbem-32363	61	52	119194.96	119194.96	NUM
fbem-32363	61	53	136617.13	136617.13	NUM
fbem-32363	61	54	154039.29	154039.29	NUM
fbem-32363	61	55	171461.46	171461.46	NUM
fbem-32363	61	56	188883.63	188883.63	NUM
fbem-32363	61	57	fcff	fcff	NOUN
fbem-32363	61	58	317434.11	317434.11	NUM
fbem-32363	61	59	363831.97	363831.97	NUM
fbem-32363	61	60	410229.82	410229.82	NUM
fbem-32363	61	61	456627.68	456627.68	NUM
fbem-32363	61	62	503025.53	503025.53	NUM
fbem-32363	61	63	3.3	3.3	NUM
fbem-32363	61	64	.	.	PUNCT
fbem-32363	62	1	forecast	forecast	NOUN
fbem-32363	62	2	of	of	ADP
fbem-32363	62	3	contribution	contribution	NOUN
fbem-32363	62	4	values	value	NOUN
fbem-32363	62	5	of	of	ADP
fbem-32363	62	6	other	other	ADJ
fbem-32363	62	7	assets	asset	NOUN
fbem-32363	62	8	forecast	forecast	NOUN
fbem-32363	62	9	of	of	ADP
fbem-32363	62	10	fixed	fix	VERB
fbem-32363	62	11	asset	asset	NOUN
fbem-32363	62	12	contribution	contribution	NOUN
fbem-32363	62	13	values.this	values.this	PRON
fbem-32363	62	14	paper	paper	NOUN
fbem-32363	62	15	forecasts	forecast	VERB
fbem-32363	62	16	the	the	DET
fbem-32363	62	17	fixed	fix	VERB
fbem-32363	62	18	asset	asset	NOUN
fbem-32363	62	19	balance	balance	NOUN
fbem-32363	62	20	for	for	ADP
fbem-32363	62	21	2024	2024	NUM
fbem-32363	62	22	-	-	SYM
fbem-32363	62	23	2028	2028	NUM
fbem-32363	62	24	.	.	PUNCT
fbem-32363	63	1	based	base	VERB
fbem-32363	63	2	on	on	ADP
fbem-32363	63	3	the	the	DET
fbem-32363	63	4	ending	end	VERB
fbem-32363	63	5	balances	balance	NOUN
fbem-32363	63	6	of	of	ADP
fbem-32363	63	7	fixed	fix	VERB
fbem-32363	63	8	assets	asset	NOUN
fbem-32363	63	9	from	from	ADP
fbem-32363	63	10	2019	2019	NUM
fbem-32363	63	11	to	to	ADP
fbem-32363	63	12	2023	2023	NUM
fbem-32363	63	13	,	,	PUNCT
fbem-32363	63	14	the	the	DET
fbem-32363	63	15	fixed	fix	VERB
fbem-32363	63	16	asset	asset	NOUN
fbem-32363	63	17	balance	balance	NOUN
fbem-32363	63	18	for	for	ADP
fbem-32363	63	19	2024	2024	NUM
fbem-32363	63	20	-	-	SYM
fbem-32363	63	21	2028	2028	NUM
fbem-32363	63	22	is	be	AUX
fbem-32363	63	23	calculated	calculate	VERB
fbem-32363	63	24	by	by	ADP
fbem-32363	63	25	multiplying	multiply	VERB
fbem-32363	63	26	the	the	DET
fbem-32363	63	27	average	average	ADJ
fbem-32363	63	28	proportion	proportion	NOUN
fbem-32363	63	29	of	of	ADP
fbem-32363	63	30	fixed	fix	VERB
fbem-32363	63	31	asset	asset	NOUN
fbem-32363	63	32	ending	end	VERB
fbem-32363	63	33	balances	balance	NOUN
fbem-32363	63	34	to	to	ADP
fbem-32363	63	35	operating	operate	VERB
fbem-32363	63	36	revenue	revenue	NOUN
fbem-32363	63	37	over	over	ADP
fbem-32363	63	38	the	the	DET
fbem-32363	63	39	past	past	ADJ
fbem-32363	63	40	five	five	NUM
fbem-32363	63	41	years	year	NOUN
fbem-32363	63	42	by	by	ADP
fbem-32363	63	43	the	the	DET
fbem-32363	63	44	forecasted	forecast	VERB
fbem-32363	63	45	operating	operating	NOUN
fbem-32363	63	46	revenue	revenue	NOUN
fbem-32363	63	47	for	for	ADP
fbem-32363	63	48	2024	2024	NUM
fbem-32363	63	49	-	-	SYM
fbem-32363	63	50	2028	2028	NUM
fbem-32363	63	51	.	.	PUNCT
fbem-32363	64	1	then	then	ADV
fbem-32363	64	2	,	,	PUNCT
fbem-32363	64	3	the	the	DET
fbem-32363	64	4	fixed	fix	VERB
fbem-32363	64	5	asset	asset	NOUN
fbem-32363	64	6	contribution	contribution	NOUN
fbem-32363	64	7	values	value	NOUN
fbem-32363	64	8	for	for	ADP
fbem-32363	64	9	2024	2024	NUM
fbem-32363	64	10	-	-	SYM
fbem-32363	64	11	2028	2028	NUM
fbem-32363	64	12	are	be	AUX
fbem-32363	64	13	predicted	predict	VERB
fbem-32363	64	14	.	.	PUNCT
fbem-32363	65	1	the	the	DET
fbem-32363	65	2	fixed	fix	VERB
fbem-32363	65	3	asset	asset	NOUN
fbem-32363	65	4	return	return	NOUN
fbem-32363	65	5	rate	rate	NOUN
fbem-32363	65	6	refers	refer	VERB
fbem-32363	65	7	to	to	ADP
fbem-32363	65	8	the	the	DET
fbem-32363	65	9	five	five	NUM
fbem-32363	65	10	-	-	PUNCT
fbem-32363	65	11	year	year	NOUN
fbem-32363	65	12	bank	bank	NOUN
fbem-32363	65	13	loan	loan	NOUN
fbem-32363	65	14	interest	interest	NOUN
fbem-32363	65	15	rate	rate	NOUN
fbem-32363	65	16	,	,	PUNCT
fbem-32363	65	17	which	which	PRON
fbem-32363	65	18	is	be	AUX
fbem-32363	65	19	4.20	4.20	NUM
fbem-32363	65	20	%	%	NOUN
fbem-32363	65	21	.	.	PUNCT
fbem-32363	66	1	forecast	forecast	NOUN
fbem-32363	66	2	of	of	ADP
fbem-32363	66	3	current	current	ADJ
fbem-32363	66	4	asset	asset	NOUN
fbem-32363	66	5	contribution	contribution	NOUN
fbem-32363	66	6	values.this	values.this	PRON
fbem-32363	66	7	paper	paper	NOUN
fbem-32363	66	8	forecasts	forecast	VERB
fbem-32363	66	9	the	the	DET
fbem-32363	66	10	current	current	ADJ
fbem-32363	66	11	asset	asset	NOUN
fbem-32363	66	12	balance	balance	NOUN
fbem-32363	66	13	for	for	ADP
fbem-32363	66	14	2024	2024	NUM
fbem-32363	66	15	-	-	SYM
fbem-32363	66	16	2028	2028	NUM
fbem-32363	66	17	.	.	PUNCT
fbem-32363	67	1	based	base	VERB
fbem-32363	67	2	on	on	ADP
fbem-32363	67	3	the	the	DET
fbem-32363	67	4	ending	end	VERB
fbem-32363	67	5	balances	balance	NOUN
fbem-32363	67	6	of	of	ADP
fbem-32363	67	7	current	current	ADJ
fbem-32363	67	8	assets	asset	NOUN
fbem-32363	67	9	from	from	ADP
fbem-32363	67	10	2019	2019	NUM
fbem-32363	67	11	to	to	ADP
fbem-32363	67	12	2023	2023	NUM
fbem-32363	67	13	,	,	PUNCT
fbem-32363	67	14	the	the	DET
fbem-32363	67	15	current	current	ADJ
fbem-32363	67	16	asset	asset	NOUN
fbem-32363	67	17	balance	balance	NOUN
fbem-32363	67	18	for	for	ADP
fbem-32363	67	19	2024	2024	NUM
fbem-32363	67	20	-	-	SYM
fbem-32363	67	21	2028	2028	NUM
fbem-32363	67	22	is	be	AUX
fbem-32363	67	23	calculated	calculate	VERB
fbem-32363	67	24	by	by	ADP
fbem-32363	67	25	multiplying	multiply	VERB
fbem-32363	67	26	the	the	DET
fbem-32363	67	27	average	average	ADJ
fbem-32363	67	28	proportion	proportion	NOUN
fbem-32363	67	29	of	of	ADP
fbem-32363	67	30	current	current	ADJ
fbem-32363	67	31	asset	asset	NOUN
fbem-32363	67	32	ending	end	VERB
fbem-32363	67	33	balances	balance	NOUN
fbem-32363	67	34	to	to	ADP
fbem-32363	67	35	operating	operate	VERB
fbem-32363	67	36	revenue	revenue	NOUN
fbem-32363	67	37	over	over	ADP
fbem-32363	67	38	the	the	DET
fbem-32363	67	39	past	past	ADJ
fbem-32363	67	40	five	five	NUM
fbem-32363	67	41	years	year	NOUN
fbem-32363	67	42	by	by	ADP
fbem-32363	67	43	the	the	DET
fbem-32363	67	44	forecasted	forecast	VERB
fbem-32363	67	45	operating	operating	NOUN
fbem-32363	67	46	revenue	revenue	NOUN
fbem-32363	67	47	for	for	ADP
fbem-32363	67	48	2024	2024	NUM
fbem-32363	67	49	-	-	SYM
fbem-32363	67	50	2028	2028	NUM
fbem-32363	67	51	.	.	PUNCT
fbem-32363	68	1	then	then	ADV
fbem-32363	68	2	,	,	PUNCT
fbem-32363	68	3	the	the	DET
fbem-32363	68	4	current	current	ADJ
fbem-32363	68	5	asset	asset	NOUN
fbem-32363	68	6	contribution	contribution	NOUN
fbem-32363	68	7	values	value	NOUN
fbem-32363	68	8	for	for	ADP
fbem-32363	68	9	2024	2024	NUM
fbem-32363	68	10	-	-	SYM
fbem-32363	68	11	2028	2028	NUM
fbem-32363	68	12	are	be	AUX
fbem-32363	68	13	predicted	predict	VERB
fbem-32363	68	14	.	.	PUNCT
fbem-32363	69	1	the	the	DET
fbem-32363	69	2	current	current	ADJ
fbem-32363	69	3	asset	asset	NOUN
fbem-32363	69	4	return	return	NOUN
fbem-32363	69	5	rate	rate	NOUN
fbem-32363	69	6	refers	refer	VERB
fbem-32363	69	7	to	to	ADP
fbem-32363	69	8	the	the	DET
fbem-32363	69	9	one	one	NUM
fbem-32363	69	10	-	-	PUNCT
fbem-32363	69	11	year	year	NOUN
fbem-32363	69	12	bank	bank	NOUN
fbem-32363	69	13	loan	loan	NOUN
fbem-32363	69	14	interest	interest	NOUN
fbem-32363	69	15	rate	rate	NOUN
fbem-32363	69	16	set	set	VERB
fbem-32363	69	17	by	by	ADP
fbem-32363	69	18	the	the	DET
fbem-32363	69	19	central	central	ADJ
fbem-32363	69	20	bank	bank	NOUN
fbem-32363	69	21	,	,	PUNCT
fbem-32363	69	22	which	which	PRON
fbem-32363	69	23	is	be	AUX
fbem-32363	69	24	3.65	3.65	NUM
fbem-32363	69	25	%	%	NOUN
fbem-32363	69	26	.	.	PUNCT
fbem-32363	70	1	forecast	forecast	NOUN
fbem-32363	70	2	of	of	ADP
fbem-32363	70	3	intangible	intangible	ADJ
fbem-32363	70	4	asset	asset	NOUN
fbem-32363	70	5	contribution	contribution	NOUN
fbem-32363	70	6	values.intangible	values.intangible	NOUN
fbem-32363	70	7	assets	asset	NOUN
fbem-32363	70	8	are	be	AUX
fbem-32363	70	9	divided	divide	VERB
fbem-32363	70	10	into	into	ADP
fbem-32363	70	11	on	on	ADP
fbem-32363	70	12	-	-	PUNCT
fbem-32363	70	13	balance	balance	NOUN
fbem-32363	70	14	-	-	PUNCT
fbem-32363	70	15	sheet	sheet	NOUN
fbem-32363	70	16	and	and	CCONJ
fbem-32363	70	17	off	off	ADP
fbem-32363	70	18	-	-	PUNCT
fbem-32363	70	19	balance	balance	NOUN
fbem-32363	70	20	-	-	PUNCT
fbem-32363	70	21	sheet	sheet	NOUN
fbem-32363	70	22	intangible	intangible	ADJ
fbem-32363	70	23	assets	asset	NOUN
fbem-32363	70	24	.	.	PUNCT
fbem-32363	71	1	for	for	ADP
fbem-32363	71	2	the	the	DET
fbem-32363	71	3	forecast	forecast	NOUN
fbem-32363	71	4	of	of	ADP
fbem-32363	71	5	shede	shede	ADJ
fbem-32363	71	6	spirits	spirit	NOUN
fbem-32363	71	7	'	'	PART
fbem-32363	71	8	on	on	ADP
fbem-32363	71	9	-	-	PUNCT
fbem-32363	71	10	balance	balance	NOUN
fbem-32363	71	11	-	-	PUNCT
fbem-32363	71	12	sheet	sheet	NOUN
fbem-32363	71	13	intangible	intangible	ADJ
fbem-32363	71	14	asset	asset	NOUN
fbem-32363	71	15	balance	balance	NOUN
fbem-32363	71	16	from	from	ADP
fbem-32363	71	17	2024	2024	NUM
fbem-32363	71	18	to	to	ADP
fbem-32363	71	19	2028	2028	NUM
fbem-32363	71	20	,	,	PUNCT
fbem-32363	71	21	this	this	DET
fbem-32363	71	22	paper	paper	NOUN
fbem-32363	71	23	uses	use	VERB
fbem-32363	71	24	the	the	DET
fbem-32363	71	25	on	on	ADP
fbem-32363	71	26	-	-	PUNCT
fbem-32363	71	27	balance	balance	NOUN
fbem-32363	71	28	-	-	PUNCT
fbem-32363	71	29	sheet	sheet	NOUN
fbem-32363	71	30	intangible	intangible	ADJ
fbem-32363	71	31	assets	asset	NOUN
fbem-32363	71	32	from	from	ADP
fbem-32363	71	33	2018	2018	NUM
fbem-32363	71	34	to	to	ADP
fbem-32363	71	35	2023	2023	NUM
fbem-32363	71	36	as	as	ADP
fbem-32363	71	37	the	the	DET
fbem-32363	71	38	basis	basis	NOUN
fbem-32363	71	39	,	,	PUNCT
fbem-32363	71	40	and	and	CCONJ
fbem-32363	71	41	calculates	calculate	VERB
fbem-32363	71	42	it	it	PRON
fbem-32363	71	43	by	by	ADP
fbem-32363	71	44	multiplying	multiply	VERB
fbem-32363	71	45	the	the	DET
fbem-32363	71	46	average	average	ADJ
fbem-32363	71	47	proportion	proportion	NOUN
fbem-32363	71	48	of	of	ADP
fbem-32363	71	49	on	on	ADP
fbem-32363	71	50	-	-	PUNCT
fbem-32363	71	51	balance	balance	NOUN
fbem-32363	71	52	-	-	PUNCT
fbem-32363	71	53	sheet	sheet	NOUN
fbem-32363	71	54	intangible	intangible	ADJ
fbem-32363	71	55	assets	asset	NOUN
fbem-32363	71	56	to	to	ADP
fbem-32363	71	57	operating	operate	VERB
fbem-32363	71	58	revenue	revenue	NOUN
fbem-32363	71	59	over	over	ADP
fbem-32363	71	60	the	the	DET
fbem-32363	71	61	past	past	ADJ
fbem-32363	71	62	five	five	NUM
fbem-32363	71	63	years	year	NOUN
fbem-32363	71	64	by	by	ADP
fbem-32363	71	65	the	the	DET
fbem-32363	71	66	forecasted	forecast	VERB
fbem-32363	71	67	operating	operating	NOUN
fbem-32363	71	68	revenue	revenue	NOUN
fbem-32363	71	69	from	from	ADP
fbem-32363	71	70	2024	2024	NUM
fbem-32363	71	71	to	to	ADP
fbem-32363	71	72	2028	2028	NUM
fbem-32363	71	73	.	.	PUNCT
fbem-32363	72	1	since	since	SCONJ
fbem-32363	72	2	intangible	intangible	ADJ
fbem-32363	72	3	assets	asset	NOUN
fbem-32363	72	4	are	be	AUX
fbem-32363	72	5	similar	similar	ADJ
fbem-32363	72	6	to	to	ADP
fbem-32363	72	7	fixed	fix	VERB
fbem-32363	72	8	assets	asset	NOUN
fbem-32363	72	9	,	,	PUNCT
fbem-32363	72	10	the	the	DET
fbem-32363	72	11	five	five	NUM
fbem-32363	72	12	-	-	PUNCT
fbem-32363	72	13	year	year	NOUN
fbem-32363	72	14	loan	loan	NOUN
fbem-32363	72	15	benchmark	benchmark	NOUN
fbem-32363	72	16	interest	interest	NOUN
fbem-32363	72	17	rate	rate	NOUN
fbem-32363	72	18	of	of	ADP
fbem-32363	72	19	4.20	4.20	NUM
fbem-32363	72	20	%	%	NOUN
fbem-32363	72	21	is	be	AUX
fbem-32363	72	22	still	still	ADV
fbem-32363	72	23	used	use	VERB
fbem-32363	72	24	as	as	ADP
fbem-32363	72	25	the	the	DET
fbem-32363	72	26	return	return	NOUN
fbem-32363	72	27	rate.off	rate.off	ADP
fbem-32363	72	28	-	-	PUNCT
fbem-32363	72	29	balance	balance	NOUN
fbem-32363	72	30	-	-	PUNCT
fbem-32363	72	31	sheet	sheet	NOUN
fbem-32363	72	32	intangible	intangible	ADJ
fbem-32363	72	33	assets	asset	NOUN
fbem-32363	72	34	mainly	mainly	ADV
fbem-32363	72	35	refer	refer	VERB
fbem-32363	72	36	to	to	ADP
fbem-32363	72	37	salaries	salary	NOUN
fbem-32363	72	38	payable	payable	ADJ
fbem-32363	72	39	.	.	PUNCT
fbem-32363	73	1	this	this	DET
fbem-32363	73	2	paper	paper	NOUN
fbem-32363	73	3	forecasts	forecast	VERB
fbem-32363	73	4	the	the	DET
fbem-32363	73	5	salaries	salary	NOUN
fbem-32363	73	6	payable	payable	ADJ
fbem-32363	73	7	from	from	ADP
fbem-32363	73	8	2024	2024	NUM
fbem-32363	73	9	to	to	ADP
fbem-32363	73	10	2028	2028	NUM
fbem-32363	73	11	using	use	VERB
fbem-32363	73	12	the	the	DET
fbem-32363	73	13	average	average	ADJ
fbem-32363	73	14	proportion	proportion	NOUN
fbem-32363	73	15	of	of	ADP
fbem-32363	73	16	salaries	salary	NOUN
fbem-32363	73	17	payable	payable	ADJ
fbem-32363	73	18	to	to	ADP
fbem-32363	73	19	operating	operate	VERB
fbem-32363	73	20	revenue	revenue	NOUN
fbem-32363	73	21	(	(	PUNCT
fbem-32363	73	22	5.15	5.15	NUM
fbem-32363	73	23	%	%	NOUN
fbem-32363	73	24	)	)	PUNCT
fbem-32363	73	25	from	from	ADP
fbem-32363	73	26	2018	2018	NUM
fbem-32363	73	27	to	to	ADP
fbem-32363	73	28	2023	2023	NUM
fbem-32363	73	29	,	,	PUNCT
fbem-32363	73	30	then	then	ADV
fbem-32363	73	31	multiplies	multiply	VERB
fbem-32363	73	32	it	it	PRON
fbem-32363	73	33	by	by	ADP
fbem-32363	73	34	the	the	DET
fbem-32363	73	35	labor	labor	NOUN
fbem-32363	73	36	contribution	contribution	NOUN
fbem-32363	73	37	rate	rate	NOUN
fbem-32363	73	38	of	of	ADP
fbem-32363	73	39	33.50	33.50	NUM
fbem-32363	73	40	%	%	NOUN
fbem-32363	73	41	to	to	PART
fbem-32363	73	42	obtain	obtain	VERB
fbem-32363	73	43	the	the	DET
fbem-32363	73	44	contribution	contribution	NOUN
fbem-32363	73	45	value	value	NOUN
fbem-32363	73	46	.	.	PUNCT
fbem-32363	74	1	the	the	DET
fbem-32363	74	2	calculation	calculation	NOUN
fbem-32363	74	3	results	result	NOUN
fbem-32363	74	4	are	be	AUX
fbem-32363	74	5	shown	show	VERB
fbem-32363	74	6	in	in	ADP
fbem-32363	74	7	table	table	NOUN
fbem-32363	74	8	2	2	NUM
fbem-32363	74	9	.	.	PUNCT
fbem-32363	74	10	table	table	NOUN
fbem-32363	74	11	2	2	NUM
fbem-32363	74	12	.	.	PUNCT
fbem-32363	74	13	forecasted	forecast	VERB
fbem-32363	74	14	value	value	NOUN
fbem-32363	74	15	of	of	ADP
fbem-32363	74	16	other	other	ADJ
fbem-32363	74	17	assets	asset	NOUN
fbem-32363	74	18	for	for	ADP
fbem-32363	74	19	2024	2024	NUM
fbem-32363	74	20	-	-	SYM
fbem-32363	74	21	2028	2028	NUM
fbem-32363	74	22	year	year	NOUN
fbem-32363	74	23	2024	2024	NUM
fbem-32363	74	24	2025	2025	NUM
fbem-32363	74	25	2026	2026	NUM
fbem-32363	74	26	2027	2027	NUM
fbem-32363	74	27	2028	2028	NUM
fbem-32363	74	28	contribution	contribution	NOUN
fbem-32363	74	29	of	of	ADP
fbem-32363	74	30	fixed	fix	VERB
fbem-32363	74	31	assets	asset	NOUN
fbem-32363	74	32	179410.42	179410.42	NUM
fbem-32363	74	33	205440.49	205440.49	NUM
fbem-32363	74	34	231470.55	231470.55	NUM
fbem-32363	74	35	257500.62	257500.62	NUM
fbem-32363	74	36	283530.68	283530.68	NUM
fbem-32363	74	37	contribution	contribution	NOUN
fbem-32363	74	38	of	of	ADP
fbem-32363	74	39	current	current	ADJ
fbem-32363	74	40	assets	asset	NOUN
fbem-32363	74	41	32618.03	32618.03	NUM
fbem-32363	74	42	36290.52	36290.52	NUM
fbem-32363	74	43	39963.01	39963.01	NUM
fbem-32363	74	44	43635.50	43635.50	NUM
fbem-32363	74	45	47307.98	47307.98	NUM
fbem-32363	74	46	contribution	contribution	NOUN
fbem-32363	74	47	from	from	ADP
fbem-32363	74	48	recognized	recognize	VERB
fbem-32363	74	49	intangible	intangible	ADJ
fbem-32363	74	50	assets	asset	NOUN
fbem-32363	74	51	17380.60	17380.60	NUM
fbem-32363	74	52	19866.54	19866.54	NUM
fbem-32363	74	53	22352.48	22352.48	NUM
fbem-32363	74	54	24838.42	24838.42	NUM
fbem-32363	74	55	27324.36	27324.36	NUM
fbem-32363	74	56	contribution	contribution	NOUN
fbem-32363	74	57	from	from	ADP
fbem-32363	74	58	unrecognized	unrecognized	ADJ
fbem-32363	74	59	intangible	intangible	ADJ
fbem-32363	74	60	assets	asset	NOUN
fbem-32363	74	61	14411.89	14411.89	NUM
fbem-32363	74	62	16518.41	16518.41	NUM
fbem-32363	74	63	18624.93	18624.93	NUM
fbem-32363	74	64	20731.45	20731.45	NUM
fbem-32363	74	65	22837.97	22837.97	NUM
fbem-32363	74	66	3.4	3.4	NUM
fbem-32363	74	67	.	.	PUNCT
fbem-32363	75	1	discount	discount	NOUN
fbem-32363	75	2	rate	rate	NOUN
fbem-32363	75	3	and	and	CCONJ
fbem-32363	75	4	earnings	earning	NOUN
fbem-32363	75	5	period	period	NOUN
fbem-32363	75	6	determination	determination	NOUN
fbem-32363	75	7	since	since	SCONJ
fbem-32363	75	8	this	this	DET
fbem-32363	75	9	study	study	NOUN
fbem-32363	75	10	sets	set	VERB
fbem-32363	75	11	the	the	DET
fbem-32363	75	12	earnings	earning	NOUN
fbem-32363	75	13	period	period	NOUN
fbem-32363	75	14	at	at	ADP
fbem-32363	75	15	five	five	NUM
fbem-32363	75	16	years	year	NOUN
fbem-32363	76	1	,	,	PUNCT
fbem-32363	76	2	the	the	DET
fbem-32363	76	3	cost	cost	NOUN
fbem-32363	76	4	of	of	ADP
fbem-32363	76	5	debt	debt	NOUN
fbem-32363	76	6	capital	capital	NOUN
fbem-32363	76	7	(	(	PUNCT
fbem-32363	76	8	dr	dr	PROPN
fbem-32363	76	9	)	)	PUNCT
fbem-32363	76	10	adopts	adopt	VERB
fbem-32363	76	11	the	the	DET
fbem-32363	76	12	five	five	NUM
fbem-32363	76	13	-	-	PUNCT
fbem-32363	76	14	year	year	NOUN
fbem-32363	76	15	bank	bank	NOUN
fbem-32363	76	16	loan	loan	NOUN
fbem-32363	76	17	interest	interest	NOUN
fbem-32363	76	18	rate	rate	NOUN
fbem-32363	76	19	of	of	ADP
fbem-32363	76	20	4.2	4.2	NUM
fbem-32363	76	21	%	%	NOUN
fbem-32363	76	22	published	publish	VERB
fbem-32363	76	23	by	by	ADP
fbem-32363	76	24	the	the	DET
fbem-32363	76	25	central	central	ADJ
fbem-32363	76	26	bank	bank	NOUN
fbem-32363	76	27	on	on	ADP
fbem-32363	76	28	the	the	DET
fbem-32363	76	29	valuation	valuation	NOUN
fbem-32363	76	30	base	base	NOUN
fbem-32363	76	31	date	date	NOUN
fbem-32363	76	32	.	.	PUNCT
fbem-32363	77	1	the	the	DET
fbem-32363	77	2	risk	risk	NOUN
fbem-32363	77	3	-	-	PUNCT
fbem-32363	77	4	free	free	ADJ
fbem-32363	77	5	rate	rate	NOUN
fbem-32363	77	6	(	(	PUNCT
fbem-32363	77	7	fr	fr	ADV
fbem-32363	77	8	)	)	PUNCT
fbem-32363	77	9	adopts	adopt	VERB
fbem-32363	77	10	the	the	DET
fbem-32363	77	11	yield	yield	NOUN
fbem-32363	77	12	to	to	ADP
fbem-32363	77	13	maturity	maturity	NOUN
fbem-32363	77	14	of	of	ADP
fbem-32363	77	15	the	the	DET
fbem-32363	77	16	ten	ten	NUM
fbem-32363	77	17	-	-	PUNCT
fbem-32363	77	18	year	year	NOUN
fbem-32363	77	19	government	government	NOUN
fbem-32363	77	20	bond	bond	NOUN
fbem-32363	77	21	of	of	ADP
fbem-32363	77	22	2.56	2.56	NUM
fbem-32363	77	23	%	%	NOUN
fbem-32363	77	24	on	on	ADP
fbem-32363	77	25	the	the	DET
fbem-32363	77	26	valuation	valuation	NOUN
fbem-32363	77	27	base	base	NOUN
fbem-32363	77	28	date	date	NOUN
fbem-32363	77	29	.	.	PUNCT
fbem-32363	78	1	the	the	DET
fbem-32363	78	2	average	average	ADJ
fbem-32363	78	3	market	market	NOUN
fbem-32363	78	4	risk	risk	NOUN
fbem-32363	78	5	premium	premium	NOUN
fbem-32363	78	6	(	(	PUNCT
fbem-32363	78	7	mr	mr	PROPN
fbem-32363	78	8	)	)	PUNCT
fbem-32363	78	9	adopts	adopt	VERB
fbem-32363	78	10	the	the	DET
fbem-32363	78	11	average	average	ADJ
fbem-32363	78	12	return	return	NOUN
fbem-32363	78	13	rate	rate	NOUN
fbem-32363	78	14	of	of	ADP
fbem-32363	78	15	the	the	DET
fbem-32363	78	16	csi	csi	ADJ
fbem-32363	78	17	300	300	NUM
fbem-32363	78	18	index	index	NOUN
fbem-32363	78	19	over	over	ADP
fbem-32363	78	20	the	the	DET
fbem-32363	78	21	past	past	ADJ
fbem-32363	78	22	ten	ten	NUM
fbem-32363	78	23	years	year	NOUN
fbem-32363	78	24	,	,	PUNCT
fbem-32363	78	25	which	which	PRON
fbem-32363	78	26	is	be	AUX
fbem-32363	78	27	6.75	6.75	NUM
fbem-32363	78	28	%	%	NOUN
fbem-32363	78	29	.	.	PUNCT
fbem-32363	79	1	the	the	DET
fbem-32363	79	2	β	β	PROPN
fbem-32363	79	3	coefficient	coefficient	NOUN
fbem-32363	79	4	adopts	adopt	VERB
fbem-32363	79	5	the	the	DET
fbem-32363	79	6	average	average	ADJ
fbem-32363	79	7	value	value	NOUN
fbem-32363	79	8	of	of	ADP
fbem-32363	79	9	shede	shede	ADJ
fbem-32363	79	10	spirits	spirit	NOUN
fbem-32363	79	11	'	'	PART
fbem-32363	79	12	beta	beta	NOUN
fbem-32363	79	13	from	from	ADP
fbem-32363	79	14	2019	2019	NUM
fbem-32363	79	15	to	to	ADP
fbem-32363	79	16	2023	2023	NUM
fbem-32363	79	17	,	,	PUNCT
fbem-32363	79	18	which	which	PRON
fbem-32363	79	19	is	be	AUX
fbem-32363	79	20	0.984	0.984	NUM
fbem-32363	79	21	,	,	PUNCT
fbem-32363	79	22	as	as	SCONJ
fbem-32363	79	23	published	publish	VERB
fbem-32363	79	24	by	by	ADP
fbem-32363	79	25	tonghuashun	tonghuashun	PROPN
fbem-32363	79	26	.	.	PUNCT
fbem-32363	80	1	by	by	ADP
fbem-32363	80	2	incorporating	incorporate	VERB
fbem-32363	80	3	the	the	DET
fbem-32363	80	4	above	above	ADJ
fbem-32363	80	5	indicators	indicator	NOUN
fbem-32363	80	6	into	into	ADP
fbem-32363	80	7	the	the	DET
fbem-32363	80	8	formula	formula	NOUN
fbem-32363	80	9	,	,	PUNCT
fbem-32363	80	10	the	the	DET
fbem-32363	80	11	cost	cost	NOUN
fbem-32363	80	12	of	of	ADP
fbem-32363	80	13	equity	equity	NOUN
fbem-32363	80	14	capital	capital	NOUN
fbem-32363	80	15	(	(	PUNCT
fbem-32363	80	16	er	er	INTJ
fbem-32363	80	17	)	)	PUNCT
fbem-32363	80	18	is	be	AUX
fbem-32363	80	19	calculated	calculate	VERB
fbem-32363	80	20	.	.	PUNCT
fbem-32363	81	1	6.68	6.68	NUM
fbem-32363	81	2	%	%	NOUN
fbem-32363	81	3	e	e	NOUN
fbem-32363	81	4	f	f	NOUN
fbem-32363	81	5	m	m	VERB
fbem-32363	81	6	f	f	NOUN
fbem-32363	81	7	r	r	NOUN
fbem-32363	81	8	r	r	NOUN
fbem-32363	81	9	r	r	NOUN
fbem-32363	81	10	r=	r=	NOUN
fbem-32363	81	11	+	+	CCONJ
fbem-32363	81	12			PROPN
fbem-32363	81	13	(	(	PUNCT
fbem-32363	81	14	−	−	PROPN
fbem-32363	81	15	)	)	PUNCT
fbem-32363	81	16	=	=	SYM
fbem-32363	81	17	+	+	PROPN
fbem-32363	81	18	(−	(−	NUM
fbem-32363	81	19			NOUN
fbem-32363	81	20	)	)	PUNCT
fbem-32363	81	21	=	=	NOUN
fbem-32363	81	22	this	this	DET
fbem-32363	81	23	paper	paper	NOUN
fbem-32363	81	24	uses	use	VERB
fbem-32363	81	25	the	the	DET
fbem-32363	81	26	average	average	ADJ
fbem-32363	81	27	proportion	proportion	NOUN
fbem-32363	81	28	of	of	ADP
fbem-32363	81	29	equity	equity	NOUN
fbem-32363	81	30	capital	capital	NOUN
fbem-32363	81	31	and	and	CCONJ
fbem-32363	81	32	debt	debt	NOUN
fbem-32363	81	33	capital	capital	NOUN
fbem-32363	81	34	to	to	ADP
fbem-32363	81	35	total	total	ADJ
fbem-32363	81	36	assets	asset	NOUN
fbem-32363	81	37	of	of	ADP
fbem-32363	81	38	shede	shede	ADJ
fbem-32363	81	39	spirits	spirit	NOUN
fbem-32363	81	40	from	from	ADP
fbem-32363	81	41	2019	2019	NUM
fbem-32363	81	42	to	to	ADP
fbem-32363	81	43	2023	2023	NUM
fbem-32363	81	44	as	as	ADP
fbem-32363	81	45	the	the	DET
fbem-32363	81	46	weights	weight	NOUN
fbem-32363	81	47	for	for	ADP
fbem-32363	81	48	forecasting	forecast	VERB
fbem-32363	81	49	the	the	DET
fbem-32363	81	50	equity	equity	NOUN
fbem-32363	81	51	capital	capital	NOUN
fbem-32363	81	52	and	and	CCONJ
fbem-32363	81	53	debt	debt	NOUN
fbem-32363	81	54	capital	capital	NOUN
fbem-32363	81	55	in	in	ADP
fbem-32363	81	56	the	the	DET
fbem-32363	81	57	projection	projection	NOUN
fbem-32363	81	58	period	period	NOUN
fbem-32363	81	59	.	.	PUNCT
fbem-32363	82	1	the	the	DET
fbem-32363	82	2	proportions	proportion	NOUN
fbem-32363	82	3	of	of	ADP
fbem-32363	82	4	equity	equity	NOUN
fbem-32363	82	5	capital	capital	NOUN
fbem-32363	82	6	and	and	CCONJ
fbem-32363	82	7	debt	debt	NOUN
fbem-32363	82	8	capital	capital	NOUN
fbem-32363	82	9	to	to	AUX
fbem-32363	82	10	total	total	ADJ
fbem-32363	82	11	assets	asset	NOUN
fbem-32363	82	12	in	in	ADP
fbem-32363	82	13	the	the	DET
fbem-32363	82	14	projection	projection	NOUN
fbem-32363	82	15	period	period	NOUN
fbem-32363	82	16	are	be	AUX
fbem-32363	82	17	62.23	62.23	NUM
fbem-32363	82	18	%	%	NOUN
fbem-32363	82	19	and	and	CCONJ
fbem-32363	82	20	37.77	37.77	NUM
fbem-32363	82	21	%	%	NOUN
fbem-32363	82	22	,	,	PUNCT
fbem-32363	82	23	respectively	respectively	ADV
fbem-32363	82	24	.	.	PUNCT
fbem-32363	83	1	the	the	DET
fbem-32363	83	2	calculation	calculation	NOUN
fbem-32363	83	3	results	result	NOUN
fbem-32363	83	4	are	be	AUX
fbem-32363	83	5	presented	present	VERB
fbem-32363	83	6	in	in	ADP
fbem-32363	83	7	table	table	NOUN
fbem-32363	83	8	3	3	NUM
fbem-32363	83	9	.	.	NOUN
fbem-32363	83	10	157	157	NUM
fbem-32363	83	11	table	table	NOUN
fbem-32363	83	12	3	3	NUM
fbem-32363	83	13	.	.	PUNCT
fbem-32363	83	14	shede	shede	NOUN
fbem-32363	83	15	spirits	spirit	NOUN
fbem-32363	83	16	'	'	PART
fbem-32363	83	17	capital	capital	NOUN
fbem-32363	83	18	structure	structure	NOUN
fbem-32363	83	19	from	from	ADP
fbem-32363	83	20	2019	2019	NUM
fbem-32363	83	21	to	to	ADP
fbem-32363	83	22	2023	2023	NUM
fbem-32363	83	23	year	year	NOUN
fbem-32363	83	24	2019	2019	NUM
fbem-32363	83	25	2020	2020	NUM
fbem-32363	83	26	2021	2021	NUM
fbem-32363	83	27	2022	2022	NUM
fbem-32363	83	28	2023	2023	NUM
fbem-32363	83	29	equity	equity	NOUN
fbem-32363	83	30	capital	capital	NOUN
fbem-32363	83	31	324044.02	324044.02	NUM
fbem-32363	83	32	378130.20	378130.20	NUM
fbem-32363	83	33	499652.41	499652.41	NUM
fbem-32363	83	34	653768.64	653768.64	NUM
fbem-32363	83	35	756121.82	756121.82	NUM
fbem-32363	83	36	debt	debt	NOUN
fbem-32363	83	37	capital	capital	NOUN
fbem-32363	83	38	253606.52	253606.52	NUM
fbem-32363	83	39	267266.15	267266.15	NUM
fbem-32363	83	40	309691.31	309691.31	NUM
fbem-32363	83	41	326006.18	326006.18	NUM
fbem-32363	83	42	355449.24	355449.24	NUM
fbem-32363	83	43	total	total	ADJ
fbem-32363	83	44	capital	capital	NOUN
fbem-32363	83	45	577650.55	577650.55	NUM
fbem-32363	83	46	645396.35	645396.35	NUM
fbem-32363	83	47	809343.72	809343.72	NUM
fbem-32363	83	48	979774.82	979774.82	NUM
fbem-32363	83	49	1111571.06	1111571.06	NUM
fbem-32363	83	50	equity	equity	NOUN
fbem-32363	83	51	ratio	ratio	NOUN
fbem-32363	83	52	56.10	56.10	NUM
fbem-32363	83	53	%	%	NOUN
fbem-32363	83	54	58.59	58.59	NUM
fbem-32363	83	55	%	%	NOUN
fbem-32363	83	56	61.74	61.74	NUM
fbem-32363	83	57	%	%	NOUN
fbem-32363	83	58	66.73	66.73	NUM
fbem-32363	83	59	%	%	NOUN
fbem-32363	83	60	68.02	68.02	NUM
fbem-32363	83	61	%	%	NOUN
fbem-32363	83	62	debt	debt	NOUN
fbem-32363	83	63	ratio	ratio	NOUN
fbem-32363	83	64	43.90	43.90	NUM
fbem-32363	83	65	%	%	NOUN
fbem-32363	83	66	41.41	41.41	NUM
fbem-32363	83	67	%	%	NOUN
fbem-32363	83	68	38.26	38.26	NUM
fbem-32363	83	69	%	%	NOUN
fbem-32363	83	70	33.27	33.27	NUM
fbem-32363	83	71	%	%	NOUN
fbem-32363	83	72	31.98	31.98	NUM
fbem-32363	83	73	%	%	NOUN
fbem-32363	83	74	in	in	ADP
fbem-32363	83	75	summary	summary	NOUN
fbem-32363	83	76	,	,	PUNCT
fbem-32363	83	77	the	the	DET
fbem-32363	83	78	weighted	weighted	ADJ
fbem-32363	83	79	average	average	ADJ
fbem-32363	83	80	cost	cost	NOUN
fbem-32363	83	81	of	of	ADP
fbem-32363	83	82	capital	capital	NOUN
fbem-32363	83	83	(	(	PUNCT
fbem-32363	83	84	wacc	wacc	PROPN
fbem-32363	83	85	)	)	PUNCT
fbem-32363	83	86	for	for	ADP
fbem-32363	83	87	shede	shede	ADJ
fbem-32363	83	88	spirits	spirit	NOUN
fbem-32363	83	89	is	be	AUX
fbem-32363	83	90	calculated	calculate	VERB
fbem-32363	83	91	as	as	SCONJ
fbem-32363	83	92	follows	follow	VERB
fbem-32363	83	93	:	:	PUNCT
fbem-32363	83	94	(	(	PUNCT
fbem-32363	83	95	1	1	X
fbem-32363	83	96	)	)	PUNCT
fbem-32363	83	97	6.68	6.68	NUM
fbem-32363	83	98	%	%	NOUN
fbem-32363	83	99	2.23	2.23	NUM
fbem-32363	83	100	%	%	NOUN
fbem-32363	83	101	4.2	4.2	NUM
fbem-32363	83	102	%	%	NOUN
fbem-32363	83	103	37.77	37.77	NUM
fbem-32363	83	104	%	%	NOUN
fbem-32363	83	105	(	(	PUNCT
fbem-32363	83	106	1	1	NUM
fbem-32363	83	107	25	25	NUM
fbem-32363	83	108	%	%	NOUN
fbem-32363	83	109	)	)	PUNCT
fbem-32363	83	110	5.35	5.35	NUM
fbem-32363	83	111	%	%	NOUN
fbem-32363	83	112	e	e	NOUN
fbem-32363	83	113	d	d	X
fbem-32363	83	114	e	e	PROPN
fbem-32363	83	115	d	d	X
fbem-32363	83	116	wacc	wacc	PROPN
fbem-32363	83	117	r	r	NOUN
fbem-32363	83	118	r	r	NOUN
fbem-32363	83	119	t	t	X
fbem-32363	83	120	e	e	X
fbem-32363	83	121	d	d	X
fbem-32363	83	122	e	e	X
fbem-32363	83	123	d	d	NOUN
fbem-32363	83	124	=	=	PUNCT
fbem-32363	83	125			PROPN
fbem-32363	84	1	+	+	CCONJ
fbem-32363	84	2			AUX
fbem-32363	84	3			NOUN
fbem-32363	84	4	−	−	PROPN
fbem-32363	85	1	+	+	CCONJ
fbem-32363	85	2	+	+	CCONJ
fbem-32363	85	3	=	=	SYM
fbem-32363	85	4			NOUN
fbem-32363	85	5	+	+	CCONJ
fbem-32363	85	6			AUX
fbem-32363	85	7			NOUN
fbem-32363	85	8	−	−	PROPN
fbem-32363	85	9	=	=	PUNCT
fbem-32363	86	1	this	this	DET
fbem-32363	86	2	section	section	NOUN
fbem-32363	86	3	analyzes	analyze	VERB
fbem-32363	86	4	the	the	DET
fbem-32363	86	5	various	various	ADJ
fbem-32363	86	6	types	type	NOUN
fbem-32363	86	7	of	of	ADP
fbem-32363	86	8	assets	asset	NOUN
fbem-32363	86	9	in	in	ADP
fbem-32363	86	10	shede	shede	ADJ
fbem-32363	86	11	spirits	spirit	NOUN
fbem-32363	86	12	'	'	PART
fbem-32363	86	13	corporate	corporate	ADJ
fbem-32363	86	14	annual	annual	ADJ
fbem-32363	86	15	reports	report	NOUN
fbem-32363	86	16	from	from	ADP
fbem-32363	86	17	2019	2019	NUM
fbem-32363	86	18	to	to	ADP
fbem-32363	86	19	2023	2023	NUM
fbem-32363	86	20	and	and	CCONJ
fbem-32363	86	21	their	their	PRON
fbem-32363	86	22	proportion	proportion	NOUN
fbem-32363	86	23	to	to	ADP
fbem-32363	86	24	total	total	ADJ
fbem-32363	86	25	assets	asset	NOUN
fbem-32363	86	26	,	,	PUNCT
fbem-32363	86	27	and	and	CCONJ
fbem-32363	86	28	calculates	calculate	VERB
fbem-32363	86	29	the	the	DET
fbem-32363	86	30	return	return	NOUN
fbem-32363	86	31	on	on	ADP
fbem-32363	86	32	intangible	intangible	ADJ
fbem-32363	86	33	assets	asset	NOUN
fbem-32363	86	34	.	.	PUNCT
fbem-32363	87	1	the	the	DET
fbem-32363	87	2	specific	specific	ADJ
fbem-32363	87	3	details	detail	NOUN
fbem-32363	87	4	are	be	AUX
fbem-32363	87	5	as	as	SCONJ
fbem-32363	87	6	follows	follow	VERB
fbem-32363	87	7	:	:	PUNCT
fbem-32363	87	8	table	table	NOUN
fbem-32363	87	9	4	4	NUM
fbem-32363	87	10	.	.	PUNCT
fbem-32363	87	11	proportion	proportion	NOUN
fbem-32363	87	12	of	of	ADP
fbem-32363	87	13	various	various	ADJ
fbem-32363	87	14	asset	asset	NOUN
fbem-32363	87	15	categories	category	NOUN
fbem-32363	87	16	in	in	ADP
fbem-32363	87	17	shede	shede	ADJ
fbem-32363	87	18	spirits	spirit	NOUN
fbem-32363	87	19	from	from	ADP
fbem-32363	87	20	2019	2019	NUM
fbem-32363	87	21	to	to	ADP
fbem-32363	87	22	2023	2023	NUM
fbem-32363	87	23	year	year	NOUN
fbem-32363	87	24	2019	2019	NUM
fbem-32363	87	25	2020	2020	NUM
fbem-32363	87	26	2021	2021	NUM
fbem-32363	87	27	2022	2022	NUM
fbem-32363	87	28	2023	2023	NUM
fbem-32363	87	29	current	current	ADJ
fbem-32363	87	30	assets	asset	NOUN
fbem-32363	87	31	ratio	ratio	NOUN
fbem-32363	87	32	77.26	77.26	NUM
fbem-32363	87	33	%	%	NOUN
fbem-32363	87	34	76.42	76.42	NUM
fbem-32363	87	35	%	%	NOUN
fbem-32363	87	36	81.43	81.43	NUM
fbem-32363	87	37	%	%	NOUN
fbem-32363	87	38	79.28	79.28	NUM
fbem-32363	87	39	%	%	NOUN
fbem-32363	87	40	72.82	72.82	NUM
fbem-32363	87	41	%	%	NOUN
fbem-32363	87	42	fixed	fix	VERB
fbem-32363	87	43	assets	asset	NOUN
fbem-32363	87	44	ratio	ratio	NOUN
fbem-32363	87	45	11.89	11.89	NUM
fbem-32363	87	46	%	%	NOUN
fbem-32363	87	47	12.74	12.74	NUM
fbem-32363	87	48	%	%	NOUN
fbem-32363	87	49	10.61	10.61	NUM
fbem-32363	87	50	%	%	NOUN
fbem-32363	87	51	10.79	10.79	NUM
fbem-32363	87	52	%	%	NOUN
fbem-32363	87	53	14.39	14.39	NUM
fbem-32363	87	54	%	%	NOUN
fbem-32363	87	55	intangible	intangible	ADJ
fbem-32363	87	56	assets	asset	NOUN
fbem-32363	87	57	ratio	ratio	NOUN
fbem-32363	87	58	2.39	2.39	NUM
fbem-32363	87	59	%	%	NOUN
fbem-32363	87	60	4.26	4.26	NUM
fbem-32363	87	61	%	%	NOUN
fbem-32363	87	62	3.76	3.76	NUM
fbem-32363	87	63	%	%	NOUN
fbem-32363	87	64	3.10	3.10	NUM
fbem-32363	87	65	%	%	NOUN
fbem-32363	87	66	3.75	3.75	NUM
fbem-32363	87	67	%	%	NOUN
fbem-32363	87	68	as	as	SCONJ
fbem-32363	87	69	shown	show	VERB
fbem-32363	87	70	in	in	ADP
fbem-32363	87	71	table	table	NOUN
fbem-32363	87	72	4	4	NUM
fbem-32363	87	73	,	,	PUNCT
fbem-32363	87	74	the	the	DET
fbem-32363	87	75	average	average	ADJ
fbem-32363	87	76	proportions	proportion	NOUN
fbem-32363	87	77	of	of	ADP
fbem-32363	87	78	current	current	ADJ
fbem-32363	87	79	assets	asset	NOUN
fbem-32363	87	80	,	,	PUNCT
fbem-32363	87	81	fixed	fix	VERB
fbem-32363	87	82	assets	asset	NOUN
fbem-32363	87	83	,	,	PUNCT
fbem-32363	87	84	and	and	CCONJ
fbem-32363	87	85	intangible	intangible	ADJ
fbem-32363	87	86	assets	asset	NOUN
fbem-32363	87	87	to	to	PART
fbem-32363	87	88	total	total	VERB
fbem-32363	87	89	assets	asset	NOUN
fbem-32363	87	90	for	for	ADP
fbem-32363	87	91	shede	shede	ADJ
fbem-32363	87	92	spirits	spirit	NOUN
fbem-32363	87	93	over	over	ADP
fbem-32363	87	94	the	the	DET
fbem-32363	87	95	past	past	ADJ
fbem-32363	87	96	five	five	NUM
fbem-32363	87	97	years	year	NOUN
fbem-32363	87	98	were	be	AUX
fbem-32363	87	99	77.44	77.44	NUM
fbem-32363	87	100	%	%	NOUN
fbem-32363	87	101	,	,	PUNCT
fbem-32363	87	102	12.08	12.08	NUM
fbem-32363	87	103	%	%	NOUN
fbem-32363	87	104	,	,	PUNCT
fbem-32363	87	105	and	and	CCONJ
fbem-32363	87	106	3.45	3.45	NUM
fbem-32363	87	107	%	%	NOUN
fbem-32363	87	108	,	,	PUNCT
fbem-32363	87	109	respectively	respectively	ADV
fbem-32363	87	110	.	.	PUNCT
fbem-32363	88	1	additionally	additionally	ADV
fbem-32363	88	2	,	,	PUNCT
fbem-32363	88	3	as	as	SCONJ
fbem-32363	88	4	previously	previously	ADV
fbem-32363	88	5	discussed	discuss	VERB
fbem-32363	88	6	,	,	PUNCT
fbem-32363	88	7	the	the	DET
fbem-32363	88	8	return	return	NOUN
fbem-32363	88	9	rates	rate	NOUN
fbem-32363	88	10	on	on	ADP
fbem-32363	88	11	current	current	ADJ
fbem-32363	88	12	assets	asset	NOUN
fbem-32363	88	13	and	and	CCONJ
fbem-32363	88	14	fixed	fix	VERB
fbem-32363	88	15	assets	asset	NOUN
fbem-32363	88	16	were	be	AUX
fbem-32363	88	17	3.65	3.65	NUM
fbem-32363	88	18	%	%	NOUN
fbem-32363	88	19	and	and	CCONJ
fbem-32363	88	20	4.20	4.20	NUM
fbem-32363	88	21	%	%	NOUN
fbem-32363	88	22	,	,	PUNCT
fbem-32363	88	23	respectively	respectively	ADV
fbem-32363	88	24	.	.	PUNCT
fbem-32363	89	1	based	base	VERB
fbem-32363	89	2	on	on	ADP
fbem-32363	89	3	the	the	DET
fbem-32363	89	4	above	above	ADJ
fbem-32363	89	5	analysis	analysis	NOUN
fbem-32363	89	6	,	,	PUNCT
fbem-32363	89	7	the	the	DET
fbem-32363	89	8	discount	discount	NOUN
fbem-32363	89	9	rate	rate	NOUN
fbem-32363	89	10	for	for	ADP
fbem-32363	89	11	data	data	NOUN
fbem-32363	89	12	assets	asset	NOUN
fbem-32363	89	13	can	can	AUX
fbem-32363	89	14	be	be	AUX
fbem-32363	89	15	calculated	calculate	VERB
fbem-32363	89	16	as	as	ADP
fbem-32363	89	17	:	:	PUNCT
fbem-32363	89	18	(	(	PUNCT
fbem-32363	89	19	)	)	PUNCT
fbem-32363	89	20	(	(	PUNCT
fbem-32363	89	21	)	)	PUNCT
fbem-32363	89	22	5.35	5.35	NUM
fbem-32363	89	23	%	%	NOUN
fbem-32363	89	24	12.08	12.08	NUM
fbem-32363	89	25	%	%	NOUN
fbem-32363	89	26	4.2	4.2	NUM
fbem-32363	89	27	%	%	NOUN
fbem-32363	89	28	77.44	77.44	NUM
fbem-32363	89	29	%	%	NOUN
fbem-32363	89	30	3.65	3.65	NUM
fbem-32363	89	31	%	%	NOUN
fbem-32363	89	32	58.44	58.44	NUM
fbem-32363	89	33	%	%	NOUN
fbem-32363	89	34	3.45	3.45	NUM
fbem-32363	89	35	%	%	NOUN
fbem-32363	89	36	f	f	NOUN
fbem-32363	90	1	f	f	NOUN
fbem-32363	91	1	c	c	PROPN
fbem-32363	91	2	c	c	PROPN
fbem-32363	91	3	j	j	PROPN
fbem-32363	92	1	j	j	PROPN
fbem-32363	93	1	i	i	PRON
fbem-32363	93	2	wacc	wacc	PROPN
fbem-32363	93	3	w	w	INTJ
fbem-32363	94	1	i	i	PROPN
fbem-32363	94	2	w	w	VERB
fbem-32363	95	1	i	i	PRON
fbem-32363	95	2	w	w	PROPN
fbem-32363	95	3	−	−	PROPN
fbem-32363	95	4			NOUN
fbem-32363	95	5	−	−	PROPN
fbem-32363	95	6			NOUN
fbem-32363	95	7	=	=	NOUN
fbem-32363	95	8	−	−	PROPN
fbem-32363	95	9			NOUN
fbem-32363	95	10	−	−	PROPN
fbem-32363	95	11			NOUN
fbem-32363	96	1	=	=	PROPN
fbem-32363	96	2	=	=	PUNCT
fbem-32363	96	3	the	the	DET
fbem-32363	96	4	revenue	revenue	NOUN
fbem-32363	96	5	period	period	NOUN
fbem-32363	96	6	of	of	ADP
fbem-32363	96	7	data	data	NOUN
fbem-32363	96	8	assets	asset	NOUN
fbem-32363	96	9	refers	refer	VERB
fbem-32363	96	10	to	to	ADP
fbem-32363	96	11	the	the	DET
fbem-32363	96	12	time	time	NOUN
fbem-32363	96	13	span	span	NOUN
fbem-32363	96	14	during	during	ADP
fbem-32363	96	15	which	which	PRON
fbem-32363	96	16	data	data	NOUN
fbem-32363	96	17	elements	element	NOUN
fbem-32363	96	18	can	can	AUX
fbem-32363	96	19	continuously	continuously	ADV
fbem-32363	96	20	generate	generate	VERB
fbem-32363	96	21	revenue	revenue	NOUN
fbem-32363	96	22	for	for	ADP
fbem-32363	96	23	enterprises	enterprise	NOUN
fbem-32363	96	24	.	.	PUNCT
fbem-32363	97	1	in	in	ADP
fbem-32363	97	2	recent	recent	ADJ
fbem-32363	97	3	years	year	NOUN
fbem-32363	97	4	,	,	PUNCT
fbem-32363	97	5	shede	shede	ADJ
fbem-32363	97	6	spirits	spirit	NOUN
fbem-32363	97	7	has	have	AUX
fbem-32363	97	8	achieved	achieve	VERB
fbem-32363	97	9	rich	rich	ADJ
fbem-32363	97	10	results	result	NOUN
fbem-32363	97	11	in	in	ADP
fbem-32363	97	12	digitalization	digitalization	NOUN
fbem-32363	97	13	construction	construction	NOUN
fbem-32363	97	14	,	,	PUNCT
fbem-32363	97	15	with	with	ADP
fbem-32363	97	16	its	its	PRON
fbem-32363	97	17	data	data	NOUN
fbem-32363	97	18	assets	asset	NOUN
fbem-32363	97	19	covering	cover	VERB
fbem-32363	97	20	all	all	DET
fbem-32363	97	21	links	link	NOUN
fbem-32363	97	22	from	from	ADP
fbem-32363	97	23	production	production	NOUN
fbem-32363	97	24	to	to	ADP
fbem-32363	97	25	sales	sale	NOUN
fbem-32363	97	26	.	.	PUNCT
fbem-32363	98	1	however	however	ADV
fbem-32363	98	2	,	,	PUNCT
fbem-32363	98	3	due	due	ADP
fbem-32363	98	4	to	to	ADP
fbem-32363	98	5	special	special	ADJ
fbem-32363	98	6	attributes	attribute	NOUN
fbem-32363	98	7	of	of	ADP
fbem-32363	98	8	data	datum	NOUN
fbem-32363	98	9	assets	asset	NOUN
fbem-32363	98	10	such	such	ADJ
fbem-32363	98	11	as	as	ADP
fbem-32363	98	12	timeliness	timeliness	NOUN
fbem-32363	98	13	,	,	PUNCT
fbem-32363	98	14	adjustments	adjustment	NOUN
fbem-32363	98	15	and	and	CCONJ
fbem-32363	98	16	optimizations	optimization	NOUN
fbem-32363	98	17	to	to	ADP
fbem-32363	98	18	data	data	NOUN
fbem-32363	98	19	assets	asset	NOUN
fbem-32363	98	20	are	be	AUX
fbem-32363	98	21	required	require	VERB
fbem-32363	98	22	from	from	ADP
fbem-32363	98	23	time	time	NOUN
fbem-32363	98	24	to	to	ADP
fbem-32363	98	25	time	time	NOUN
fbem-32363	98	26	when	when	SCONJ
fbem-32363	98	27	estimating	estimate	VERB
fbem-32363	98	28	their	their	PRON
fbem-32363	98	29	value	value	NOUN
fbem-32363	98	30	.	.	PUNCT
fbem-32363	99	1	to	to	PART
fbem-32363	99	2	ensure	ensure	VERB
fbem-32363	99	3	the	the	DET
fbem-32363	99	4	reliability	reliability	NOUN
fbem-32363	99	5	of	of	ADP
fbem-32363	99	6	valuation	valuation	NOUN
fbem-32363	99	7	results	result	NOUN
fbem-32363	99	8	,	,	PUNCT
fbem-32363	99	9	the	the	DET
fbem-32363	99	10	revenue	revenue	NOUN
fbem-32363	99	11	period	period	NOUN
fbem-32363	99	12	should	should	AUX
fbem-32363	99	13	not	not	PART
fbem-32363	99	14	be	be	AUX
fbem-32363	99	15	set	set	VERB
fbem-32363	99	16	too	too	ADV
fbem-32363	99	17	long	long	ADV
fbem-32363	99	18	.	.	PUNCT
fbem-32363	100	1	therefore	therefore	ADV
fbem-32363	100	2	,	,	PUNCT
fbem-32363	100	3	this	this	DET
fbem-32363	100	4	paper	paper	NOUN
fbem-32363	100	5	assumes	assume	VERB
fbem-32363	100	6	that	that	SCONJ
fbem-32363	100	7	the	the	DET
fbem-32363	100	8	timeliness	timeliness	NOUN
fbem-32363	100	9	of	of	ADP
fbem-32363	100	10	data	data	NOUN
fbem-32363	100	11	assets	asset	NOUN
fbem-32363	100	12	is	be	AUX
fbem-32363	100	13	5	5	NUM
fbem-32363	100	14	years	year	NOUN
fbem-32363	100	15	,	,	PUNCT
fbem-32363	100	16	so	so	SCONJ
fbem-32363	100	17	it	it	PRON
fbem-32363	100	18	sets	set	VERB
fbem-32363	100	19	its	its	PRON
fbem-32363	100	20	revenue	revenue	NOUN
fbem-32363	100	21	period	period	NOUN
fbem-32363	100	22	as	as	ADP
fbem-32363	100	23	5	5	NUM
fbem-32363	100	24	years	year	NOUN
fbem-32363	100	25	,	,	PUNCT
fbem-32363	100	26	from	from	ADP
fbem-32363	100	27	2024	2024	NUM
fbem-32363	100	28	to	to	ADP
fbem-32363	100	29	2028	2028	NUM
fbem-32363	100	30	.	.	PUNCT
fbem-32363	101	1	3.5	3.5	NUM
fbem-32363	101	2	.	.	PUNCT
fbem-32363	101	3	calculation	calculation	NOUN
fbem-32363	101	4	of	of	ADP
fbem-32363	101	5	data	datum	NOUN
fbem-32363	101	6	asset	asset	NOUN
fbem-32363	101	7	valuation	valuation	NOUN
fbem-32363	101	8	value	value	NOUN
fbem-32363	101	9	based	base	VERB
fbem-32363	101	10	on	on	ADP
fbem-32363	101	11	the	the	DET
fbem-32363	101	12	analysis	analysis	NOUN
fbem-32363	101	13	results	result	NOUN
fbem-32363	101	14	from	from	ADP
fbem-32363	101	15	the	the	DET
fbem-32363	101	16	previous	previous	ADJ
fbem-32363	101	17	sections	section	NOUN
fbem-32363	101	18	,	,	PUNCT
fbem-32363	101	19	the	the	DET
fbem-32363	101	20	excess	excess	ADJ
fbem-32363	101	21	earnings	earning	NOUN
fbem-32363	101	22	contributed	contribute	VERB
fbem-32363	101	23	by	by	ADP
fbem-32363	101	24	data	datum	NOUN
fbem-32363	101	25	assets	asset	NOUN
fbem-32363	101	26	can	can	AUX
fbem-32363	101	27	be	be	AUX
fbem-32363	101	28	calculated	calculate	VERB
fbem-32363	101	29	by	by	ADP
fbem-32363	101	30	deducting	deduct	VERB
fbem-32363	101	31	the	the	DET
fbem-32363	101	32	contribution	contribution	NOUN
fbem-32363	101	33	values	value	NOUN
fbem-32363	101	34	of	of	ADP
fbem-32363	101	35	shede	shede	ADJ
fbem-32363	101	36	spirits	spirit	NOUN
fbem-32363	101	37	'	'	PART
fbem-32363	101	38	current	current	ADJ
fbem-32363	101	39	assets	asset	NOUN
fbem-32363	101	40	,	,	PUNCT
fbem-32363	101	41	fixed	fix	VERB
fbem-32363	101	42	assets	asset	NOUN
fbem-32363	101	43	,	,	PUNCT
fbem-32363	101	44	on	on	ADP
fbem-32363	101	45	-	-	PUNCT
fbem-32363	101	46	balance	balance	NOUN
fbem-32363	101	47	-	-	PUNCT
fbem-32363	101	48	sheet	sheet	NOUN
fbem-32363	101	49	intangible	intangible	ADJ
fbem-32363	101	50	assets	asset	NOUN
fbem-32363	101	51	,	,	PUNCT
fbem-32363	101	52	and	and	CCONJ
fbem-32363	101	53	other	other	ADJ
fbem-32363	101	54	off	off	ADP
fbem-32363	101	55	-	-	PUNCT
fbem-32363	101	56	balance	balance	NOUN
fbem-32363	101	57	-	-	PUNCT
fbem-32363	101	58	sheet	sheet	NOUN
fbem-32363	101	59	intangible	intangible	ADJ
fbem-32363	101	60	assets	asset	NOUN
fbem-32363	101	61	from	from	ADP
fbem-32363	101	62	its	its	PRON
fbem-32363	101	63	predicted	predict	VERB
fbem-32363	101	64	free	free	ADJ
fbem-32363	101	65	cash	cash	NOUN
fbem-32363	101	66	flows	flow	NOUN
fbem-32363	101	67	.	.	PUNCT
fbem-32363	102	1	then	then	ADV
fbem-32363	102	2	,	,	PUNCT
fbem-32363	102	3	the	the	DET
fbem-32363	102	4	value	value	NOUN
fbem-32363	102	5	of	of	ADP
fbem-32363	102	6	data	datum	NOUN
fbem-32363	102	7	assets	asset	NOUN
fbem-32363	102	8	can	can	AUX
fbem-32363	102	9	be	be	AUX
fbem-32363	102	10	determined	determine	VERB
fbem-32363	102	11	by	by	ADP
fbem-32363	102	12	discounting	discount	VERB
fbem-32363	102	13	and	and	CCONJ
fbem-32363	102	14	summing	sum	VERB
fbem-32363	102	15	up	up	ADP
fbem-32363	102	16	these	these	DET
fbem-32363	102	17	excess	excess	ADJ
fbem-32363	102	18	earnings	earning	NOUN
fbem-32363	102	19	.	.	PUNCT
fbem-32363	103	1	the	the	DET
fbem-32363	103	2	details	detail	NOUN
fbem-32363	103	3	are	be	AUX
fbem-32363	103	4	as	as	SCONJ
fbem-32363	103	5	follows	follow	VERB
fbem-32363	103	6	:	:	PUNCT
fbem-32363	103	7	table	table	NOUN
fbem-32363	103	8	5	5	NUM
fbem-32363	103	9	.	.	PUNCT
fbem-32363	104	1	the	the	DET
fbem-32363	104	2	assessed	assess	VERB
fbem-32363	104	3	value	value	NOUN
fbem-32363	104	4	of	of	ADP
fbem-32363	104	5	data	data	NOUN
fbem-32363	104	6	assets	asset	NOUN
fbem-32363	104	7	of	of	ADP
fbem-32363	104	8	shede	shede	ADJ
fbem-32363	104	9	spirits	spirit	NOUN
fbem-32363	104	10	year	year	NOUN
fbem-32363	104	11	2024	2024	NUM
fbem-32363	104	12	2025	2025	NUM
fbem-32363	104	13	2026	2026	NUM
fbem-32363	104	14	2027	2027	NUM
fbem-32363	104	15	2028	2028	NUM
fbem-32363	104	16	fcff	fcff	NOUN
fbem-32363	104	17	317434.11	317434.11	NUM
fbem-32363	104	18	363831.97	363831.97	NUM
fbem-32363	104	19	410229.82	410229.82	NUM
fbem-32363	104	20	456627.68	456627.68	NUM
fbem-32363	104	21	503025.53	503025.53	NUM
fbem-32363	104	22	contribution	contribution	NOUN
fbem-32363	104	23	from	from	ADP
fbem-32363	104	24	current	current	ADJ
fbem-32363	104	25	assets	asset	NOUN
fbem-32363	104	26	32618.03	32618.03	NUM
fbem-32363	104	27	36290.52	36290.52	NUM
fbem-32363	104	28	39963.01	39963.01	NUM
fbem-32363	104	29	43635.50	43635.50	NUM
fbem-32363	104	30	47307.98	47307.98	NUM
fbem-32363	104	31	contribution	contribution	NOUN
fbem-32363	104	32	from	from	ADP
fbem-32363	104	33	fixed	fix	VERB
fbem-32363	104	34	assets	asset	NOUN
fbem-32363	104	35	179410.42	179410.42	NUM
fbem-32363	104	36	205440.49	205440.49	NUM
fbem-32363	104	37	231470.55	231470.55	NUM
fbem-32363	104	38	257500.62	257500.62	NUM
fbem-32363	104	39	283530.68	283530.68	NUM
fbem-32363	104	40	contribution	contribution	NOUN
fbem-32363	104	41	of	of	ADP
fbem-32363	104	42	recognized	recognize	VERB
fbem-32363	104	43	intangible	intangible	ADJ
fbem-32363	104	44	assets	asset	NOUN
fbem-32363	104	45	17380.60	17380.60	NUM
fbem-32363	104	46	19866.54	19866.54	NUM
fbem-32363	104	47	22352.48	22352.48	NUM
fbem-32363	104	48	24838.42	24838.42	NUM
fbem-32363	104	49	27324.36	27324.36	NUM
fbem-32363	104	50	contribution	contribution	NOUN
fbem-32363	104	51	of	of	ADP
fbem-32363	104	52	unrecognized	unrecognized	ADJ
fbem-32363	104	53	intangible	intangible	ADJ
fbem-32363	104	54	assets	asset	NOUN
fbem-32363	104	55	14411.89	14411.89	NUM
fbem-32363	104	56	16518.41	16518.41	NUM
fbem-32363	104	57	18624.93	18624.93	NUM
fbem-32363	104	58	20731.45	20731.45	NUM
fbem-32363	104	59	22837.97	22837.97	NUM
fbem-32363	104	60	excess	excess	ADJ
fbem-32363	104	61	earnings	earning	NOUN
fbem-32363	104	62	from	from	ADP
fbem-32363	104	63	data	datum	NOUN
fbem-32363	104	64	assets	asset	NOUN
fbem-32363	104	65	73613.16	73613.16	NUM
fbem-32363	104	66	85716.01	85716.01	NUM
fbem-32363	104	67	97818.85	97818.85	NUM
fbem-32363	104	68	109921.69	109921.69	NUM
fbem-32363	104	69	22024.53	22024.53	NUM
fbem-32363	104	70	discount	discount	NOUN
fbem-32363	104	71	rate	rate	NOUN
fbem-32363	104	72	58.44	58.44	NUM
fbem-32363	104	73	%	%	NOUN
fbem-32363	104	74	assessed	assessed	ADJ
fbem-32363	104	75	value	value	NOUN
fbem-32363	104	76	134865.14	134865.14	NUM
fbem-32363	104	77	through	through	ADP
fbem-32363	104	78	the	the	DET
fbem-32363	104	79	calculation	calculation	NOUN
fbem-32363	104	80	of	of	ADP
fbem-32363	104	81	the	the	DET
fbem-32363	104	82	above	above	ADJ
fbem-32363	104	83	model	model	NOUN
fbem-32363	104	84	,	,	PUNCT
fbem-32363	104	85	the	the	DET
fbem-32363	104	86	value	value	NOUN
fbem-32363	104	87	of	of	ADP
fbem-32363	104	88	shede	shede	ADJ
fbem-32363	104	89	spirits	spirit	NOUN
fbem-32363	104	90	'	'	PART
fbem-32363	104	91	data	datum	NOUN
fbem-32363	104	92	assets	asset	NOUN
fbem-32363	104	93	is	be	AUX
fbem-32363	104	94	estimated	estimate	VERB
fbem-32363	104	95	to	to	PART
fbem-32363	104	96	be	be	AUX
fbem-32363	104	97	134,865.14	134,865.14	NUM
fbem-32363	104	98	ten	ten	NUM
fbem-32363	104	99	thousand	thousand	NUM
fbem-32363	104	100	yuan	yuan	NOUN
fbem-32363	104	101	,	,	PUNCT
fbem-32363	104	102	indicating	indicate	VERB
fbem-32363	104	103	that	that	SCONJ
fbem-32363	104	104	the	the	DET
fbem-32363	104	105	data	data	NOUN
fbem-32363	104	106	assets	asset	NOUN
fbem-32363	104	107	of	of	ADP
fbem-32363	104	108	shede	shede	ADJ
fbem-32363	104	109	spirits	spirit	NOUN
fbem-32363	104	110	have	have	AUX
fbem-32363	104	111	reached	reach	VERB
fbem-32363	104	112	a	a	DET
fbem-32363	104	113	considerable	considerable	ADJ
fbem-32363	104	114	scale	scale	NOUN
fbem-32363	104	115	.	.	PUNCT
fbem-32363	105	1	from	from	ADP
fbem-32363	105	2	this	this	DET
fbem-32363	105	3	case	case	NOUN
fbem-32363	105	4	study	study	NOUN
fbem-32363	105	5	,	,	PUNCT
fbem-32363	105	6	it	it	PRON
fbem-32363	105	7	can	can	AUX
fbem-32363	105	8	be	be	AUX
fbem-32363	105	9	seen	see	VERB
fbem-32363	105	10	that	that	SCONJ
fbem-32363	105	11	data	datum	NOUN
fbem-32363	105	12	assets	asset	NOUN
fbem-32363	105	13	play	play	VERB
fbem-32363	105	14	an	an	DET
fbem-32363	105	15	important	important	ADJ
fbem-32363	105	16	role	role	NOUN
fbem-32363	105	17	in	in	ADP
fbem-32363	105	18	the	the	DET
fbem-32363	105	19	actual	actual	ADJ
fbem-32363	105	20	operations	operation	NOUN
fbem-32363	105	21	of	of	ADP
fbem-32363	105	22	enterprises	enterprise	NOUN
fbem-32363	105	23	,	,	PUNCT
fbem-32363	105	24	and	and	CCONJ
fbem-32363	105	25	their	their	PRON
fbem-32363	105	26	core	core	NOUN
fbem-32363	105	27	value	value	NOUN
fbem-32363	105	28	is	be	AUX
fbem-32363	105	29	reflected	reflect	VERB
fbem-32363	105	30	in	in	ADP
fbem-32363	105	31	helping	help	VERB
fbem-32363	105	32	enterprises	enterprise	NOUN
fbem-32363	105	33	carry	carry	VERB
fbem-32363	105	34	out	out	ADP
fbem-32363	105	35	strategic	strategic	ADJ
fbem-32363	105	36	planning	planning	NOUN
fbem-32363	105	37	,	,	PUNCT
fbem-32363	105	38	optimize	optimize	VERB
fbem-32363	105	39	asset	asset	NOUN
fbem-32363	105	40	management	management	NOUN
fbem-32363	105	41	efficiency	efficiency	NOUN
fbem-32363	105	42	,	,	PUNCT
fbem-32363	105	43	stimulate	stimulate	VERB
fbem-32363	105	44	innovative	innovative	ADJ
fbem-32363	105	45	applications	application	NOUN
fbem-32363	105	46	of	of	ADP
fbem-32363	105	47	data	datum	NOUN
fbem-32363	105	48	,	,	PUNCT
fbem-32363	105	49	and	and	CCONJ
fbem-32363	105	50	enhance	enhance	VERB
fbem-32363	105	51	enterprise	enterprise	NOUN
fbem-32363	105	52	competitiveness.meanwhile	competitiveness.meanwhile	NOUN
fbem-32363	105	53	,	,	PUNCT
fbem-32363	105	54	the	the	DET
fbem-32363	105	55	valuation	valuation	NOUN
fbem-32363	105	56	of	of	ADP
fbem-32363	105	57	enterprises	enterprise	NOUN
fbem-32363	105	58	'	'	PART
fbem-32363	105	59	data	datum	NOUN
fbem-32363	105	60	assets	asset	NOUN
fbem-32363	105	61	can	can	AUX
fbem-32363	105	62	not	not	PART
fbem-32363	105	63	only	only	ADV
fbem-32363	105	64	help	help	VERB
fbem-32363	105	65	enterprises	enterprise	NOUN
fbem-32363	105	66	fully	fully	ADV
fbem-32363	105	67	understand	understand	VERB
fbem-32363	105	68	the	the	DET
fbem-32363	105	69	strategic	strategic	ADJ
fbem-32363	105	70	significance	significance	NOUN
fbem-32363	105	71	of	of	ADP
fbem-32363	105	72	data	datum	NOUN
fbem-32363	105	73	elements	element	NOUN
fbem-32363	105	74	,	,	PUNCT
fbem-32363	105	75	but	but	CCONJ
fbem-32363	105	76	also	also	ADV
fbem-32363	105	77	support	support	VERB
fbem-32363	105	78	management	management	NOUN
fbem-32363	105	79	decisions	decision	NOUN
fbem-32363	105	80	by	by	ADP
fbem-32363	105	81	quantifying	quantify	VERB
fbem-32363	105	82	the	the	DET
fbem-32363	105	83	value	value	NOUN
fbem-32363	105	84	of	of	ADP
fbem-32363	105	85	data	datum	NOUN
fbem-32363	105	86	and	and	CCONJ
fbem-32363	105	87	optimize	optimize	VERB
fbem-32363	105	88	the	the	DET
fbem-32363	105	89	efficiency	efficiency	NOUN
fbem-32363	105	90	of	of	ADP
fbem-32363	105	91	data	datum	NOUN
fbem-32363	105	92	resource	resource	NOUN
fbem-32363	105	93	allocation	allocation	NOUN
fbem-32363	105	94	.	.	PUNCT
fbem-32363	106	1	furthermore	furthermore	ADV
fbem-32363	106	2	,	,	PUNCT
fbem-32363	106	3	it	it	PRON
fbem-32363	106	4	can	can	AUX
fbem-32363	106	5	help	help	VERB
fbem-32363	106	6	enterprises	enterprise	NOUN
fbem-32363	106	7	deeply	deeply	ADV
fbem-32363	106	8	tap	tap	VERB
fbem-32363	106	9	the	the	DET
fbem-32363	106	10	economic	economic	ADJ
fbem-32363	106	11	potential	potential	NOUN
fbem-32363	106	12	of	of	ADP
fbem-32363	106	13	data	datum	NOUN
fbem-32363	106	14	assets	asset	NOUN
fbem-32363	106	15	,	,	PUNCT
fbem-32363	106	16	thereby	thereby	ADV
fbem-32363	106	17	cultivating	cultivate	VERB
fbem-32363	106	18	new	new	ADJ
fbem-32363	106	19	profit	profit	NOUN
fbem-32363	106	20	growth	growth	NOUN
fbem-32363	106	21	points	point	NOUN
fbem-32363	106	22	and	and	CCONJ
fbem-32363	106	23	enabling	enable	VERB
fbem-32363	106	24	sustainable	sustainable	ADJ
fbem-32363	106	25	development	development	NOUN
fbem-32363	106	26	.	.	PUNCT
fbem-32363	107	1	4	4	X
fbem-32363	107	2	.	.	X
fbem-32363	107	3	conclusions	conclusion	NOUN
fbem-32363	107	4	and	and	CCONJ
fbem-32363	107	5	prospects	prospect	NOUN
fbem-32363	107	6	this	this	DET
fbem-32363	107	7	research	research	NOUN
fbem-32363	107	8	has	have	VERB
fbem-32363	107	9	certain	certain	ADJ
fbem-32363	107	10	limitations	limitation	NOUN
fbem-32363	107	11	in	in	ADP
fbem-32363	107	12	the	the	DET
fbem-32363	107	13	valuation	valuation	NOUN
fbem-32363	107	14	of	of	ADP
fbem-32363	107	15	enterprises	enterprise	NOUN
fbem-32363	107	16	'	'	PART
fbem-32363	107	17	data	datum	NOUN
fbem-32363	107	18	assets	asset	NOUN
fbem-32363	107	19	.	.	PUNCT
fbem-32363	108	1	first	first	ADV
fbem-32363	108	2	,	,	PUNCT
fbem-32363	108	3	there	there	PRON
fbem-32363	108	4	is	be	VERB
fbem-32363	108	5	a	a	DET
fbem-32363	108	6	certain	certain	ADJ
fbem-32363	108	7	degree	degree	NOUN
fbem-32363	108	8	of	of	ADP
fbem-32363	108	9	subjectivity	subjectivity	NOUN
fbem-32363	108	10	in	in	ADP
fbem-32363	108	11	predicting	predict	VERB
fbem-32363	108	12	specific	specific	ADJ
fbem-32363	108	13	parameters	parameter	NOUN
fbem-32363	108	14	in	in	ADP
fbem-32363	108	15	the	the	DET
fbem-32363	108	16	valuation	valuation	NOUN
fbem-32363	108	17	model	model	NOUN
fbem-32363	108	18	,	,	PUNCT
fbem-32363	108	19	which	which	PRON
fbem-32363	108	20	may	may	AUX
fbem-32363	108	21	lead	lead	VERB
fbem-32363	108	22	to	to	ADP
fbem-32363	108	23	deviations	deviation	NOUN
fbem-32363	108	24	from	from	ADP
fbem-32363	108	25	the	the	DET
fbem-32363	108	26	actual	actual	ADJ
fbem-32363	108	27	situation	situation	NOUN
fbem-32363	108	28	and	and	CCONJ
fbem-32363	108	29	thus	thus	ADV
fbem-32363	108	30	affect	affect	VERB
fbem-32363	108	31	the	the	DET
fbem-32363	108	32	accuracy	accuracy	NOUN
fbem-32363	108	33	of	of	ADP
fbem-32363	108	34	the	the	DET
fbem-32363	108	35	final	final	ADJ
fbem-32363	108	36	valuation	valuation	NOUN
fbem-32363	108	37	results	result	NOUN
fbem-32363	108	38	.	.	PUNCT
fbem-32363	109	1	second	second	ADV
fbem-32363	109	2	,	,	PUNCT
fbem-32363	109	3	the	the	DET
fbem-32363	109	4	revenue	revenue	NOUN
fbem-32363	109	5	period	period	NOUN
fbem-32363	109	6	in	in	ADP
fbem-32363	109	7	this	this	DET
fbem-32363	109	8	study	study	NOUN
fbem-32363	109	9	is	be	AUX
fbem-32363	109	10	set	set	VERB
fbem-32363	109	11	based	base	VERB
fbem-32363	109	12	on	on	ADP
fbem-32363	109	13	the	the	DET
fbem-32363	109	14	prudence	prudence	NOUN
fbem-32363	109	15	principle	principle	NOUN
fbem-32363	109	16	,	,	PUNCT
fbem-32363	109	17	provisionally	provisionally	ADV
fbem-32363	109	18	at	at	ADP
fbem-32363	109	19	five	five	NUM
fbem-32363	109	20	years	year	NOUN
fbem-32363	109	21	.	.	PUNCT
fbem-32363	110	1	however	however	ADV
fbem-32363	110	2	,	,	PUNCT
fbem-32363	110	3	due	due	ADJ
fbem-32363	110	4	158	158	NUM
fbem-32363	110	5	to	to	ADP
fbem-32363	110	6	the	the	DET
fbem-32363	110	7	special	special	ADJ
fbem-32363	110	8	attributes	attribute	NOUN
fbem-32363	110	9	of	of	ADP
fbem-32363	110	10	data	datum	NOUN
fbem-32363	110	11	assets	asset	NOUN
fbem-32363	110	12	themselves	themselves	PRON
fbem-32363	110	13	—	—	PUNCT
fbem-32363	110	14	such	such	ADJ
fbem-32363	110	15	as	as	ADP
fbem-32363	110	16	the	the	DET
fbem-32363	110	17	significant	significant	ADJ
fbem-32363	110	18	impact	impact	NOUN
fbem-32363	110	19	of	of	ADP
fbem-32363	110	20	timeliness	timeliness	NOUN
fbem-32363	110	21	on	on	ADP
fbem-32363	110	22	their	their	PRON
fbem-32363	110	23	value	value	NOUN
fbem-32363	110	24	—	—	PUNCT
fbem-32363	110	25	it	it	PRON
fbem-32363	110	26	is	be	AUX
fbem-32363	110	27	difficult	difficult	ADJ
fbem-32363	110	28	to	to	PART
fbem-32363	110	29	achieve	achieve	VERB
fbem-32363	110	30	precise	precise	ADJ
fbem-32363	110	31	division	division	NOUN
fbem-32363	110	32	when	when	SCONJ
fbem-32363	110	33	defining	define	VERB
fbem-32363	110	34	their	their	PRON
fbem-32363	110	35	actual	actual	ADJ
fbem-32363	110	36	revenue	revenue	NOUN
fbem-32363	110	37	period	period	NOUN
fbem-32363	110	38	.	.	PUNCT
fbem-32363	111	1	third	third	ADV
fbem-32363	111	2	,	,	PUNCT
fbem-32363	111	3	since	since	SCONJ
fbem-32363	111	4	this	this	DET
fbem-32363	111	5	study	study	NOUN
fbem-32363	111	6	does	do	AUX
fbem-32363	111	7	not	not	PART
fbem-32363	111	8	consider	consider	VERB
fbem-32363	111	9	the	the	DET
fbem-32363	111	10	impact	impact	NOUN
fbem-32363	111	11	of	of	ADP
fbem-32363	111	12	brand	brand	NOUN
fbem-32363	111	13	value	value	NOUN
fbem-32363	111	14	on	on	ADP
fbem-32363	111	15	enterprise	enterprise	NOUN
fbem-32363	111	16	revenue	revenue	NOUN
fbem-32363	111	17	,	,	PUNCT
fbem-32363	111	18	the	the	DET
fbem-32363	111	19	contribution	contribution	NOUN
fbem-32363	111	20	value	value	NOUN
fbem-32363	111	21	of	of	ADP
fbem-32363	111	22	data	datum	NOUN
fbem-32363	111	23	assets	asset	NOUN
fbem-32363	111	24	may	may	AUX
fbem-32363	111	25	include	include	VERB
fbem-32363	111	26	the	the	DET
fbem-32363	111	27	contribution	contribution	NOUN
fbem-32363	111	28	from	from	ADP
fbem-32363	111	29	brand	brand	NOUN
fbem-32363	111	30	value	value	NOUN
fbem-32363	111	31	,	,	PUNCT
fbem-32363	111	32	resulting	result	VERB
fbem-32363	111	33	in	in	ADP
fbem-32363	111	34	valuation	valuation	NOUN
fbem-32363	111	35	results	result	NOUN
fbem-32363	111	36	that	that	PRON
fbem-32363	111	37	could	could	AUX
fbem-32363	111	38	be	be	AUX
fbem-32363	111	39	higher	high	ADJ
fbem-32363	111	40	than	than	ADP
fbem-32363	111	41	the	the	DET
fbem-32363	111	42	actual	actual	ADJ
fbem-32363	111	43	value	value	NOUN
fbem-32363	111	44	.	.	PUNCT
fbem-32363	112	1	in	in	ADP
fbem-32363	112	2	the	the	DET
fbem-32363	112	3	field	field	NOUN
fbem-32363	112	4	of	of	ADP
fbem-32363	112	5	asset	asset	NOUN
fbem-32363	112	6	valuation	valuation	NOUN
fbem-32363	112	7	,	,	PUNCT
fbem-32363	112	8	research	research	NOUN
fbem-32363	112	9	on	on	ADP
fbem-32363	112	10	the	the	DET
fbem-32363	112	11	valuation	valuation	NOUN
fbem-32363	112	12	of	of	ADP
fbem-32363	112	13	data	datum	NOUN
fbem-32363	112	14	assets	asset	NOUN
fbem-32363	112	15	has	have	AUX
fbem-32363	112	16	become	become	VERB
fbem-32363	112	17	the	the	DET
fbem-32363	112	18	focus	focus	NOUN
fbem-32363	112	19	of	of	ADP
fbem-32363	112	20	many	many	ADJ
fbem-32363	112	21	scholars	scholar	NOUN
fbem-32363	112	22	'	'	PART
fbem-32363	112	23	attention	attention	NOUN
fbem-32363	112	24	.	.	PUNCT
fbem-32363	113	1	however	however	ADV
fbem-32363	113	2	,	,	PUNCT
fbem-32363	113	3	most	most	ADJ
fbem-32363	113	4	existing	exist	VERB
fbem-32363	113	5	studies	study	NOUN
fbem-32363	113	6	focus	focus	VERB
fbem-32363	113	7	on	on	ADP
fbem-32363	113	8	high	high	ADJ
fbem-32363	113	9	-	-	PUNCT
fbem-32363	113	10	tech	tech	NOUN
fbem-32363	113	11	industries	industry	NOUN
fbem-32363	113	12	such	such	ADJ
fbem-32363	113	13	as	as	ADP
fbem-32363	113	14	new	new	ADJ
fbem-32363	113	15	media	medium	NOUN
fbem-32363	113	16	and	and	CCONJ
fbem-32363	113	17	the	the	DET
fbem-32363	113	18	internet	internet	NOUN
fbem-32363	113	19	,	,	PUNCT
fbem-32363	113	20	while	while	SCONJ
fbem-32363	113	21	only	only	ADV
fbem-32363	113	22	a	a	DET
fbem-32363	113	23	small	small	ADJ
fbem-32363	113	24	number	number	NOUN
fbem-32363	113	25	of	of	ADP
fbem-32363	113	26	scholars	scholar	NOUN
fbem-32363	113	27	have	have	AUX
fbem-32363	113	28	paid	pay	VERB
fbem-32363	113	29	attention	attention	NOUN
fbem-32363	113	30	to	to	ADP
fbem-32363	113	31	traditional	traditional	ADJ
fbem-32363	113	32	industries	industry	NOUN
fbem-32363	113	33	like	like	ADP
fbem-32363	113	34	manufacturing	manufacturing	NOUN
fbem-32363	113	35	and	and	CCONJ
fbem-32363	113	36	pharmaceuticals	pharmaceutical	NOUN
fbem-32363	113	37	.	.	PUNCT
fbem-32363	114	1	it	it	PRON
fbem-32363	114	2	is	be	AUX
fbem-32363	114	3	expected	expect	VERB
fbem-32363	114	4	that	that	SCONJ
fbem-32363	114	5	in	in	ADP
fbem-32363	114	6	future	future	ADJ
fbem-32363	114	7	academic	academic	ADJ
fbem-32363	114	8	explorations	exploration	NOUN
fbem-32363	114	9	,	,	PUNCT
fbem-32363	114	10	scholars	scholar	NOUN
fbem-32363	114	11	can	can	AUX
fbem-32363	114	12	focus	focus	VERB
fbem-32363	114	13	on	on	ADP
fbem-32363	114	14	other	other	ADJ
fbem-32363	114	15	industries	industry	NOUN
fbem-32363	114	16	with	with	ADP
fbem-32363	114	17	rapid	rapid	ADJ
fbem-32363	114	18	digitalization	digitalization	NOUN
fbem-32363	114	19	progress	progress	NOUN
fbem-32363	114	20	,	,	PUNCT
fbem-32363	114	21	construct	construct	VERB
fbem-32363	114	22	more	more	ADV
fbem-32363	114	23	widely	widely	ADV
fbem-32363	114	24	applicable	applicable	ADJ
fbem-32363	114	25	valuation	valuation	NOUN
fbem-32363	114	26	models	model	NOUN
fbem-32363	114	27	,	,	PUNCT
fbem-32363	114	28	and	and	CCONJ
fbem-32363	114	29	thus	thus	ADV
fbem-32363	114	30	promote	promote	VERB
fbem-32363	114	31	the	the	DET
fbem-32363	114	32	development	development	NOUN
fbem-32363	114	33	and	and	CCONJ
fbem-32363	114	34	improvement	improvement	NOUN
fbem-32363	114	35	of	of	ADP
fbem-32363	114	36	theories	theory	NOUN
fbem-32363	114	37	related	relate	VERB
fbem-32363	114	38	to	to	ADP
fbem-32363	114	39	data	data	NOUN
fbem-32363	114	40	assets	asset	NOUN
fbem-32363	114	41	.	.	PUNCT
fbem-32363	115	1	references	reference	NOUN
fbem-32363	115	2	[	[	X
fbem-32363	115	3	1	1	X
fbem-32363	115	4	]	]	PUNCT
fbem-32363	115	5	wang	wang	PROPN
fbem-32363	115	6	y	y	PROPN
fbem-32363	115	7	,	,	PUNCT
fbem-32363	115	8	zhao	zhao	PROPN
fbem-32363	115	9	h.	h.	PROPN
fbem-32363	115	10	data	data	PROPN
fbem-32363	115	11	asset	asset	NOUN
fbem-32363	115	12	value	value	NOUN
fbem-32363	115	13	assessment	assessment	NOUN
fbem-32363	115	14	literature	literature	NOUN
fbem-32363	115	15	review	review	NOUN
fbem-32363	115	16	and	and	CCONJ
fbem-32363	115	17	prospect	prospect	VERB
fbem-32363	116	1	[	[	X
fbem-32363	116	2	j	j	X
fbem-32363	116	3	]	]	X
fbem-32363	116	4	.	.	PUNCT
fbem-32363	117	1	journal	journal	PROPN
fbem-32363	117	2	of	of	ADP
fbem-32363	117	3	physics	physics	PROPN
fbem-32363	117	4	:	:	PUNCT
fbem-32363	117	5	conference	conference	NOUN
fbem-32363	117	6	series	series	NOUN
fbem-32363	117	7	,	,	PUNCT
fbem-32363	117	8	2020	2020	NUM
fbem-32363	117	9	,	,	PUNCT
fbem-32363	117	10	1550	1550	NUM
fbem-32363	117	11	(	(	PUNCT
fbem-32363	117	12	3	3	NUM
fbem-32363	117	13	):	):	PUNCT
fbem-32363	117	14	032133	032133	NUM
fbem-32363	117	15	.	.	PUNCT
fbem-32363	118	1	[	[	X
fbem-32363	118	2	2	2	NUM
fbem-32363	118	3	]	]	X
fbem-32363	118	4	todd	todd	PROPN
fbem-32363	118	5	s	s	PROPN
fbem-32363	118	6	j	j	PROPN
fbem-32363	118	7	,	,	PUNCT
fbem-32363	118	8	singh	singh	PROPN
fbem-32363	118	9	a.	a.	NOUN
fbem-32363	118	10	creation	creation	NOUN
fbem-32363	118	11	of	of	ADP
fbem-32363	118	12	high	high	ADJ
fbem-32363	118	13	value	value	NOUN
fbem-32363	118	14	data	datum	NOUN
fbem-32363	118	15	assets	asset	NOUN
fbem-32363	118	16	from	from	ADP
fbem-32363	118	17	undervalued	undervalued	ADJ
fbem-32363	118	18	data	datum	NOUN
fbem-32363	118	19	:	:	PUNCT
fbem-32363	118	20	u.s	u.s	PROPN
fbem-32363	118	21	.	.	PROPN
fbem-32363	118	22	patent	patent	NOUN
fbem-32363	118	23	11	11	NUM
fbem-32363	118	24	,	,	PUNCT
fbem-32363	118	25	042	042	NUM
fbem-32363	118	26	,	,	PUNCT
fbem-32363	118	27	911[p	911[p	NUM
fbem-32363	118	28	]	]	X
fbem-32363	118	29	.	.	PUNCT
fbem-32363	119	1	2021	2021	NUM
fbem-32363	119	2	-	-	SYM
fbem-32363	119	3	6	6	NUM
fbem-32363	119	4	-	-	SYM
fbem-32363	119	5	22	22	NUM
fbem-32363	119	6	.	.	PUNCT
fbem-32363	120	1	[	[	X
fbem-32363	120	2	3	3	X
fbem-32363	120	3	]	]	PUNCT
fbem-32363	120	4	changyu	changyu	PROPN
fbem-32363	120	5	h	h	NOUN
fbem-32363	120	6	,	,	PUNCT
fbem-32363	120	7	yuetong	yuetong	PROPN
fbem-32363	120	8	l	l	PROPN
fbem-32363	120	9	,	,	PUNCT
fbem-32363	120	10	xiaojia	xiaojia	PROPN
fbem-32363	120	11	z.	z.	PROPN
fbem-32363	120	12	data	data	PROPN
fbem-32363	120	13	assets	asset	NOUN
fbem-32363	120	14	,	,	PUNCT
fbem-32363	120	15	information	information	NOUN
fbem-32363	120	16	uses	use	NOUN
fbem-32363	120	17	,	,	PUNCT
fbem-32363	120	18	and	and	CCONJ
fbem-32363	120	19	operational	operational	ADJ
fbem-32363	120	20	efficiency	efficiency	NOUN
fbem-32363	121	1	[	[	X
fbem-32363	121	2	j	j	X
fbem-32363	121	3	]	]	X
fbem-32363	121	4	.	.	PUNCT
fbem-32363	122	1	applied	apply	VERB
fbem-32363	122	2	economics	economic	NOUN
fbem-32363	122	3	,	,	PUNCT
fbem-32363	122	4	2022	2022	NUM
fbem-32363	122	5	,	,	PUNCT
fbem-32363	122	6	54	54	NUM
fbem-32363	122	7	(	(	PUNCT
fbem-32363	122	8	60	60	NUM
fbem-32363	122	9	):	):	PUNCT
fbem-32363	122	10	6887	6887	NUM
fbem-32363	122	11	-	-	SYM
fbem-32363	122	12	6900	6900	NUM
fbem-32363	122	13	.	.	PUNCT
fbem-32363	123	1	[	[	X
fbem-32363	123	2	4	4	X
fbem-32363	123	3	]	]	X
fbem-32363	123	4	kang	kang	PROPN
fbem-32363	123	5	h	h	PROPN
fbem-32363	123	6	,	,	PUNCT
fbem-32363	123	7	guo	guo	PROPN
fbem-32363	123	8	d.	d.	PROPN
fbem-32363	123	9	value	value	NOUN
fbem-32363	123	10	evaluation	evaluation	NOUN
fbem-32363	123	11	of	of	ADP
fbem-32363	123	12	data	data	NOUN
fbem-32363	123	13	resources	resource	NOUN
fbem-32363	123	14	based	base	VERB
fbem-32363	123	15	on	on	ADP
fbem-32363	123	16	artificial	artificial	ADJ
fbem-32363	123	17	neural	neural	ADJ
fbem-32363	123	18	network	network	NOUN
fbem-32363	123	19	in	in	ADP
fbem-32363	123	20	digital	digital	ADJ
fbem-32363	123	21	economy	economy	NOUN
fbem-32363	124	1	[	[	X
fbem-32363	124	2	j	j	X
fbem-32363	124	3	]	]	X
fbem-32363	124	4	.	.	PUNCT
fbem-32363	125	1	soft	soft	ADJ
fbem-32363	125	2	computing	computing	NOUN
fbem-32363	125	3	,	,	PUNCT
fbem-32363	125	4	2023	2023	NUM
fbem-32363	125	5	,	,	PUNCT
fbem-32363	125	6	(	(	PUNCT
fbem-32363	125	7	prepublish	prepublish	VERB
fbem-32363	125	8	):	):	PUNCT
fbem-32363	125	9	1	1	NUM
fbem-32363	125	10	-	-	SYM
fbem-32363	125	11	10	10	NUM
fbem-32363	125	12	.	.	PUNCT
fbem-32363	126	1	[	[	X
fbem-32363	126	2	5	5	NUM
fbem-32363	126	3	]	]	SYM
fbem-32363	126	4	li	li	PROPN
fbem-32363	126	5	a	a	PROPN
fbem-32363	126	6	,	,	PUNCT
fbem-32363	126	7	wang	wang	PROPN
fbem-32363	126	8	a	a	X
fbem-32363	126	9	,	,	PUNCT
fbem-32363	126	10	chi	chi	PROPN
fbem-32363	126	11	y	y	PROPN
fbem-32363	126	12	,	,	PUNCT
fbem-32363	126	13	et	et	PROPN
fbem-32363	126	14	al	al	PROPN
fbem-32363	126	15	.	.	PUNCT
fbem-32363	127	1	exploration	exploration	NOUN
fbem-32363	127	2	of	of	ADP
fbem-32363	127	3	data	datum	NOUN
fbem-32363	127	4	asset	asset	NOUN
fbem-32363	127	5	valuation	valuation	NOUN
fbem-32363	127	6	for	for	ADP
fbem-32363	127	7	internet	internet	NOUN
fbem-32363	127	8	platform	platform	NOUN
fbem-32363	127	9	companies	company	NOUN
fbem-32363	127	10	based	base	VERB
fbem-32363	127	11	on	on	ADP
fbem-32363	127	12	the	the	DET
fbem-32363	127	13	deabcc	deabcc	NOUN
fbem-32363	127	14	model	model	NOUN
fbem-32363	128	1	[	[	X
fbem-32363	128	2	j	j	X
fbem-32363	128	3	]	]	X
fbem-32363	128	4	.	.	PUNCT
fbem-32363	129	1	procedia	procedia	PROPN
fbem-32363	129	2	computer	computer	NOUN
fbem-32363	129	3	science	science	NOUN
fbem-32363	129	4	,	,	PUNCT
fbem-32363	129	5	2024	2024	NUM
fbem-32363	129	6	,	,	PUNCT
fbem-32363	129	7	242	242	NUM
fbem-32363	129	8	12351242	12351242	NUM
fbem-32363	129	9	.	.	PUNCT
fbem-32363	130	1	[	[	X
fbem-32363	130	2	6	6	NUM
fbem-32363	130	3	]	]	PUNCT
fbem-32363	130	4	yan	yan	PROPN
fbem-32363	130	5	liang	liang	PROPN
fbem-32363	130	6	.	.	PUNCT
fbem-32363	131	1	research	research	NOUN
fbem-32363	131	2	on	on	ADP
fbem-32363	131	3	value	value	NOUN
fbem-32363	131	4	evaluation	evaluation	NOUN
fbem-32363	131	5	of	of	ADP
fbem-32363	131	6	data	datum	NOUN
fbem-32363	131	7	assetsfor	assetsfor	ADP
fbem-32363	131	8	internet	internet	NOUN
fbem-32363	131	9	enterprises	enterprise	NOUN
fbem-32363	132	1	[	[	X
fbem-32363	132	2	d	d	X
fbem-32363	132	3	]	]	X
fbem-32363	132	4	.	.	PUNCT
fbem-32363	133	1	hebei	hebei	PROPN
fbem-32363	133	2	university	university	PROPN
fbem-32363	133	3	of	of	ADP
fbem-32363	133	4	economics	economic	NOUN
fbem-32363	133	5	and	and	CCONJ
fbem-32363	133	6	business	business	NOUN
fbem-32363	133	7	,	,	PUNCT
fbem-32363	133	8	2020	2020	NUM
fbem-32363	133	9	.	.	PUNCT
fbem-32363	134	1	[	[	X
fbem-32363	134	2	7	7	X
fbem-32363	134	3	]	]	X
fbem-32363	134	4	yue	yue	PROPN
fbem-32363	134	5	zhang	zhang	PROPN
fbem-32363	134	6	.	.	PUNCT
fbem-32363	135	1	research	research	PROPN
fbem-32363	135	2	on	on	ADP
fbem-32363	135	3	data	datum	NOUN
fbem-32363	135	4	asset	asset	NOUN
fbem-32363	135	5	value	value	NOUN
fbem-32363	135	6	based	base	VERB
fbem-32363	135	7	on	on	ADP
fbem-32363	135	8	multiperiod	multiperiod	NOUN
fbem-32363	135	9	excess	excess	ADJ
fbem-32363	135	10	return	return	NOUN
fbem-32363	135	11	[	[	X
fbem-32363	135	12	8	8	NUM
fbem-32363	135	13	]	]	SYM
fbem-32363	135	14	method	method	NOUN
fbem-32363	135	15	-	-	PUNCT
fbem-32363	135	16	take	take	NOUN
fbem-32363	135	17	iflytek	iflytek	NOUN
fbem-32363	135	18	as	as	ADP
fbem-32363	135	19	an	an	DET
fbem-32363	135	20	example	example	NOUN
fbem-32363	136	1	[	[	X
fbem-32363	136	2	d	d	X
fbem-32363	136	3	]	]	X
fbem-32363	136	4	.	.	PUNCT
fbem-32363	137	1	jiangxi	jiangxi	PROPN
fbem-32363	137	2	university	university	PROPN
fbem-32363	137	3	of	of	ADP
fbem-32363	137	4	finance	finance	NOUN
fbem-32363	137	5	and	and	CCONJ
fbem-32363	137	6	economics	economic	NOUN
fbem-32363	137	7	,	,	PUNCT
fbem-32363	137	8	2021	2021	NUM
fbem-32363	137	9	.	.	PUNCT
fbem-32363	138	1	[	[	X
fbem-32363	138	2	9	9	NUM
fbem-32363	138	3	]	]	X
fbem-32363	138	4	zhanqin	zhanqin	PROPN
fbem-32363	138	5	cheng	cheng	PROPN
fbem-32363	138	6	.	.	PUNCT
fbem-32363	139	1	research	research	NOUN
fbem-32363	139	2	on	on	ADP
fbem-32363	139	3	value	value	NOUN
fbem-32363	139	4	evaluation	evaluation	NOUN
fbem-32363	139	5	of	of	ADP
fbem-32363	139	6	data	datum	NOUN
fbem-32363	139	7	assetsfor	assetsfor	ADP
fbem-32363	139	8	internet	internet	NOUN
fbem-32363	139	9	enterprises	enterprise	NOUN
fbem-32363	140	1	[	[	X
fbem-32363	140	2	d	d	X
fbem-32363	140	3	]	]	X
fbem-32363	140	4	.	.	PUNCT
fbem-32363	141	1	nanjing	nanjing	PROPN
fbem-32363	141	2	university	university	PROPN
fbem-32363	141	3	of	of	ADP
fbem-32363	141	4	posts	post	NOUN
fbem-32363	141	5	andtelecommunications	andtelecommunication	NOUN
fbem-32363	141	6	,	,	PUNCT
fbem-32363	141	7	2022	2022	NUM
fbem-32363	141	8	.	.	PUNCT
fbem-32363	142	1	[	[	X
fbem-32363	142	2	10	10	NUM
fbem-32363	142	3	]	]	PUNCT
fbem-32363	142	4	zhouxiaobo	zhouxiaobo	NOUN
fbem-32363	142	5	.	.	PUNCT
fbem-32363	143	1	research	research	NOUN
fbem-32363	143	2	on	on	ADP
fbem-32363	143	3	the	the	DET
fbem-32363	143	4	evaluation	evaluation	NOUN
fbem-32363	143	5	method	method	NOUN
fbem-32363	143	6	of	of	ADP
fbem-32363	143	7	data	datum	NOUN
fbem-32363	143	8	assetvalue	assetvalue	NOUN
fbem-32363	143	9	of	of	ADP
fbem-32363	143	10	internet	internet	NOUN
fbem-32363	143	11	finance	finance	NOUN
fbem-32363	143	12	enterprises	enterprise	NOUN
fbem-32363	143	13	[	[	X
fbem-32363	143	14	d	d	X
fbem-32363	143	15	]	]	X
fbem-32363	143	16	.	.	PUNCT
fbem-32363	144	1	shanxi	shanxi	PROPN
fbem-32363	144	2	university	university	PROPN
fbem-32363	144	3	of	of	ADP
fbem-32363	144	4	finance	finance	PROPN
fbem-32363	144	5	&	&	CCONJ
fbem-32363	144	6	economics	economic	NOUN
fbem-32363	144	7	,	,	PUNCT
fbem-32363	144	8	2023	2023	NUM
fbem-32363	144	9	.	.	PUNCT
fbem-32363	145	1	[	[	X
fbem-32363	145	2	11	11	NUM
fbem-32363	145	3	]	]	X
fbem-32363	145	4	wen	wen	PROPN
fbem-32363	145	5	gong	gong	PROPN
fbem-32363	145	6	.	.	PUNCT
fbem-32363	146	1	research	research	NOUN
fbem-32363	146	2	on	on	ADP
fbem-32363	146	3	the	the	DET
fbem-32363	146	4	valuation	valuation	NOUN
fbem-32363	146	5	of	of	ADP
fbem-32363	146	6	data	data	NOUN
fbem-32363	146	7	assets	asset	NOUN
fbem-32363	146	8	of	of	ADP
fbem-32363	146	9	ecommerce	ecommerce	NOUN
fbem-32363	146	10	outsourcing	outsource	VERB
fbem-32363	146	11	companies	company	NOUN
fbem-32363	146	12	based	base	VERB
fbem-32363	146	13	onimproved	onimprove	VERB
fbem-32363	146	14	excess	excess	ADJ
fbem-32363	146	15	profit	profit	NOUN
fbem-32363	146	16	method	method	NOUN
fbem-32363	146	17	:	:	PUNCT
fbem-32363	146	18	a	a	DET
fbem-32363	146	19	case	case	NOUN
fbem-32363	146	20	studyof	studyof	NOUN
fbem-32363	146	21	baoshun	baoshun	NOUN
fbem-32363	146	22	e	e	PROPN
fbem-32363	146	23	-	-	NOUN
fbem-32363	146	24	commerc	commerc	ADJ
fbem-32363	147	1	[	[	X
fbem-32363	147	2	d	d	X
fbem-32363	147	3	]	]	X
fbem-32363	147	4	.	.	PUNCT
fbem-32363	148	1	shanxi	shanxi	PROPN
fbem-32363	148	2	university	university	PROPN
fbem-32363	148	3	of	of	ADP
fbem-32363	148	4	finance	finance	PROPN
fbem-32363	148	5	&	&	CCONJ
fbem-32363	148	6	economics	economic	NOUN
fbem-32363	148	7	,	,	PUNCT
fbem-32363	148	8	2024	2024	NUM
fbem-32363	148	9	.	.	PUNCT
fbem-32363	149	1	[	[	X
fbem-32363	149	2	12	12	NUM
fbem-32363	149	3	]	]	X
fbem-32363	149	4	wenjinzuo	wenjinzuo	NOUN
fbem-32363	149	5	,	,	PUNCT
fbem-32363	149	6	lijunliu	lijunliu	NOUN
fbem-32363	149	7	.	.	PUNCT
fbem-32363	150	1	research	research	NOUN
fbem-32363	150	2	on	on	ADP
fbem-32363	150	3	big	big	ADJ
fbem-32363	150	4	data	datum	NOUN
fbem-32363	150	5	asset	asset	NOUN
fbem-32363	150	6	valuation	valuation	NOUN
fbem-32363	150	7	method	method	NOUN
fbem-32363	150	8	based	base	VERB
fbem-32363	150	9	on	on	ADP
fbem-32363	150	10	customer	customer	NOUN
fbem-32363	150	11	perceived	perceive	VERB
fbem-32363	150	12	value	value	NOUN
fbem-32363	150	13	[	[	X
fbem-32363	150	14	j	j	X
fbem-32363	150	15	]	]	X
fbem-32363	150	16	.	.	PUNCT
fbem-32363	151	1	information	information	NOUN
fbem-32363	151	2	studies	study	NOUN
fbem-32363	151	3	:	:	PUNCT
fbem-32363	151	4	theory	theory	NOUN
fbem-32363	151	5	&	&	CCONJ
fbem-32363	151	6	application	application	NOUN
fbem-32363	151	7	,	,	PUNCT
fbem-32363	151	8	2021	2021	NUM
fbem-32363	151	9	,	,	PUNCT
fbem-32363	151	10	44(01):71	44(01):71	NUM
fbem-32363	151	11	-	-	SYM
fbem-32363	151	12	77	77	NUM
fbem-32363	151	13	+	+	NOUN
fbem-32363	151	14	88	88	NUM
fbem-32363	151	15	.	.	PUNCT
fbem-32363	152	1	[	[	X
fbem-32363	152	2	13	13	NUM
fbem-32363	152	3	]	]	PUNCT
fbem-32363	152	4	huagao	huagao	NOUN
fbem-32363	152	5	,	,	PUNCT
fbem-32363	152	6	chaofanjiang	chaofanjiang	PROPN
fbem-32363	152	7	.	.	PUNCT
fbem-32363	152	8	valuation	valuation	PROPN
fbem-32363	152	9	of	of	ADP
fbem-32363	152	10	data	datum	NOUN
fbem-32363	152	11	assets	asset	NOUN
fbem-32363	152	12	from	from	ADP
fbem-32363	152	13	the	the	DET
fbem-32363	152	14	perspe	perspe	NOUN
fbem-32363	152	15	information	information	NOUN
fbem-32363	152	16	studies	study	NOUN
fbem-32363	152	17	:	:	PUNCT
fbem-32363	152	18	theory	theory	NOUN
fbem-32363	152	19	&	&	CCONJ
fbem-32363	152	20	application	application	PROPN
fbem-32363	152	21	ctive	ctive	NOUN
fbem-32363	152	22	of	of	ADP
fbem-32363	152	23	application	application	NOUN
fbem-32363	152	24	scenarios	scenario	NOUN
fbem-32363	153	1	[	[	X
fbem-32363	153	2	j	j	X
fbem-32363	153	3	]	]	X
fbem-32363	153	4	.	.	PUNCT
fbem-32363	154	1	finance	finance	NOUN
fbem-32363	154	2	and	and	CCONJ
fbem-32363	154	3	accounting	account	VERB
fbem-32363	154	4	monthly	monthly	ADV
fbem-32363	154	5	,	,	PUNCT
fbem-32363	154	6	2022	2022	NUM
fbem-32363	154	7	,	,	PUNCT
fbem-32363	154	8	(	(	PUNCT
fbem-32363	154	9	17):99	17):99	NUM
fbem-32363	154	10	-	-	SYM
fbem-32363	154	11	104	104	NUM
fbem-32363	154	12	.	.	PUNCT
fbem-32363	155	1	[	[	X
fbem-32363	155	2	14	14	NUM
fbem-32363	155	3	]	]	X
fbem-32363	155	4	yinjiefang	yinjiefang	X
fbem-32363	155	5	,	,	PUNCT
fbem-32363	155	6	jianweigao	jianweigao	ADJ
fbem-32363	155	7	.	.	PUNCT
fbem-32363	156	1	study	study	NOUN
fbem-32363	156	2	on	on	ADP
fbem-32363	156	3	real	real	ADJ
fbem-32363	156	4	option	option	NOUN
fbem-32363	156	5	valuation	valuation	NOUN
fbem-32363	156	6	of	of	ADP
fbem-32363	156	7	big	big	ADJ
fbem-32363	156	8	data	datum	NOUN
fbem-32363	156	9	assets	asset	NOUN
fbem-32363	156	10	from	from	ADP
fbem-32363	156	11	the	the	DET
fbem-32363	156	12	perspective	perspective	NOUN
fbem-32363	156	13	of	of	ADP
fbem-32363	156	14	prospect	prospect	NOUN
fbem-32363	156	15	theory	theory	NOUN
fbem-32363	156	16	[	[	X
fbem-32363	156	17	j	j	X
fbem-32363	156	18	]	]	X
fbem-32363	156	19	.	.	PUNCT
fbem-32363	157	1	mathematics	mathematic	NOUN
fbem-32363	157	2	in	in	ADP
fbem-32363	157	3	practice	practice	NOUN
fbem-32363	157	4	and	and	CCONJ
fbem-32363	157	5	theory	theory	NOUN
fbem-32363	157	6	,	,	PUNCT
fbem-32363	157	7	2023	2023	NUM
fbem-32363	157	8	,	,	PUNCT
fbem-32363	157	9	53(03):50	53(03):50	NUM
fbem-32363	157	10	-	-	SYM
fbem-32363	157	11	57	57	NUM
fbem-32363	157	12	.	.	PUNCT
fbem-32363	158	1	[	[	X
fbem-32363	158	2	15	15	NUM
fbem-32363	158	3	]	]	X
fbem-32363	158	4	yanlin	yanlin	NOUN
fbem-32363	158	5	.	.	PUNCT
fbem-32363	159	1	valuation	valuation	PROPN
fbem-32363	159	2	of	of	ADP
fbem-32363	159	3	data	datum	NOUN
fbem-32363	159	4	asset	asset	NOUN
fbem-32363	159	5	value	value	NOUN
fbem-32363	159	6	based	base	VERB
fbem-32363	159	7	onimproved	onimproved	ADJ
fbem-32363	159	8	excess	excess	ADJ
fbem-32363	159	9	return	return	NOUN
fbem-32363	159	10	method	method	NOUN
fbem-32363	160	1	[	[	X
fbem-32363	160	2	d	d	X
fbem-32363	160	3	]	]	X
fbem-32363	160	4	.	.	PUNCT
fbem-32363	161	1	shanxi	shanxi	PROPN
fbem-32363	161	2	university	university	PROPN
fbem-32363	161	3	of	of	ADP
fbem-32363	161	4	finance	finance	PROPN
fbem-32363	161	5	&	&	CCONJ
fbem-32363	161	6	economics	economic	NOUN
fbem-32363	161	7	,	,	PUNCT
fbem-32363	161	8	2023	2023	NUM
fbem-32363	161	9	.	.	PUNCT
fbem-32363	162	1	[	[	X
fbem-32363	162	2	16	16	NUM
fbem-32363	162	3	]	]	X
fbem-32363	162	4	qiandou	qiandou	NOUN
fbem-32363	162	5	.	.	PUNCT
fbem-32363	163	1	data	datum	NOUN
fbem-32363	163	2	asset	asset	NOUN
fbem-32363	163	3	value	value	NOUN
fbem-32363	163	4	appraisal	appraisal	NOUN
fbem-32363	163	5	of	of	ADP
fbem-32363	163	6	internet	internet	NOUN
fbem-32363	163	7	financeenterprises	financeenterprise	NOUN
fbem-32363	163	8	based	base	VERB
fbem-32363	163	9	on	on	ADP
fbem-32363	163	10	multi	multi	ADJ
fbem-32363	163	11	period	period	NOUN
fbem-32363	163	12	excess	excess	ADJ
fbem-32363	163	13	returnmethod	returnmethod	NOUN
fbem-32363	164	1	[	[	X
fbem-32363	164	2	d	d	X
fbem-32363	164	3	]	]	X
fbem-32363	164	4	.	.	PUNCT
fbem-32363	165	1	shanxi	shanxi	PROPN
fbem-32363	165	2	university	university	PROPN
fbem-32363	165	3	of	of	ADP
fbem-32363	165	4	finance	finance	PROPN
fbem-32363	165	5	&	&	CCONJ
fbem-32363	165	6	economics	economic	NOUN
fbem-32363	165	7	,	,	PUNCT
fbem-32363	165	8	2024	2024	NUM
fbem-32363	165	9	.	.	PUNCT