id	sid	tid	token	lemma	pos
fbem-32368	1	1	frontiers	frontier	NOUN
fbem-32368	1	2	in	in	ADP
fbem-32368	1	3	business	business	NOUN
fbem-32368	1	4	,	,	PUNCT
fbem-32368	1	5	economics	economic	NOUN
fbem-32368	1	6	and	and	CCONJ
fbem-32368	1	7	management	management	NOUN
fbem-32368	1	8	issn	issn	PROPN
fbem-32368	1	9	:	:	PUNCT
fbem-32368	1	10	2766	2766	NUM
fbem-32368	1	11	-	-	PUNCT
fbem-32368	1	12	824x	824x	NUM
fbem-32368	1	13	|	|	ADJ
fbem-32368	1	14	vol	vol	NOUN
fbem-32368	1	15	.	.	PROPN
fbem-32368	1	16	21	21	NUM
fbem-32368	1	17	,	,	PUNCT
fbem-32368	1	18	no	no	INTJ
fbem-32368	1	19	.	.	NOUN
fbem-32368	1	20	2	2	NUM
fbem-32368	1	21	,	,	PUNCT
fbem-32368	1	22	2025	2025	NUM
fbem-32368	1	23	164	164	NUM
fbem-32368	1	24	the	the	DET
fbem-32368	1	25	impact	impact	NOUN
fbem-32368	1	26	of	of	ADP
fbem-32368	1	27	board	board	NOUN
fbem-32368	1	28	composition	composition	NOUN
fbem-32368	1	29	of	of	ADP
fbem-32368	1	30	listed	list	VERB
fbem-32368	1	31	companies	company	NOUN
fbem-32368	1	32	on	on	ADP
fbem-32368	1	33	corporate	corporate	ADJ
fbem-32368	1	34	performance	performance	NOUN
fbem-32368	1	35	wenyu	wenyu	NOUN
fbem-32368	1	36	zhang	zhang	PROPN
fbem-32368	1	37	*	*	PUNCT
fbem-32368	1	38	school	school	PROPN
fbem-32368	1	39	of	of	ADP
fbem-32368	1	40	china	china	PROPN
fbem-32368	1	41	agricultural	agricultural	PROPN
fbem-32368	1	42	university	university	PROPN
fbem-32368	1	43	,	,	PUNCT
fbem-32368	1	44	china	china	PROPN
fbem-32368	1	45	agricultural	agricultural	PROPN
fbem-32368	1	46	university	university	PROPN
fbem-32368	1	47	,	,	PUNCT
fbem-32368	1	48	beijing	beijing	PROPN
fbem-32368	1	49	100083	100083	NUM
fbem-32368	1	50	,	,	PUNCT
fbem-32368	1	51	china	china	PROPN
fbem-32368	1	52	*	*	PUNCT
fbem-32368	1	53	corresponding	correspond	VERB
fbem-32368	1	54	author	author	NOUN
fbem-32368	1	55	:	:	PUNCT
fbem-32368	1	56	(	(	PUNCT
fbem-32368	1	57	email	email	NOUN
fbem-32368	1	58	:	:	PUNCT
fbem-32368	1	59	zwyuuuuu2022@163.com	zwyuuuuu2022@163.com	NUM
fbem-32368	1	60	)	)	PUNCT
fbem-32368	1	61	abstract	abstract	NOUN
fbem-32368	1	62	:	:	PUNCT
fbem-32368	1	63	as	as	ADP
fbem-32368	1	64	a	a	DET
fbem-32368	1	65	core	core	NOUN
fbem-32368	1	66	component	component	NOUN
fbem-32368	1	67	of	of	ADP
fbem-32368	1	68	the	the	DET
fbem-32368	1	69	corporate	corporate	ADJ
fbem-32368	1	70	governance	governance	NOUN
fbem-32368	1	71	structure	structure	NOUN
fbem-32368	1	72	,	,	PUNCT
fbem-32368	1	73	the	the	DET
fbem-32368	1	74	board	board	NOUN
fbem-32368	1	75	of	of	ADP
fbem-32368	1	76	directors	director	NOUN
fbem-32368	1	77	is	be	AUX
fbem-32368	1	78	crucial	crucial	ADJ
fbem-32368	1	79	to	to	ADP
fbem-32368	1	80	whether	whether	SCONJ
fbem-32368	1	81	a	a	DET
fbem-32368	1	82	company	company	NOUN
fbem-32368	1	83	can	can	AUX
fbem-32368	1	84	make	make	VERB
fbem-32368	1	85	correct	correct	ADJ
fbem-32368	1	86	decisions	decision	NOUN
fbem-32368	1	87	,	,	PUNCT
fbem-32368	1	88	achieve	achieve	VERB
fbem-32368	1	89	effective	effective	ADJ
fbem-32368	1	90	risk	risk	NOUN
fbem-32368	1	91	management	management	NOUN
fbem-32368	1	92	,	,	PUNCT
fbem-32368	1	93	and	and	CCONJ
fbem-32368	1	94	create	create	VERB
fbem-32368	1	95	value	value	NOUN
fbem-32368	1	96	in	in	ADP
fbem-32368	1	97	a	a	DET
fbem-32368	1	98	complex	complex	ADJ
fbem-32368	1	99	and	and	CCONJ
fbem-32368	1	100	ever	ever	ADV
fbem-32368	1	101	-changing	-change	VERB
fbem-32368	1	102	market	market	NOUN
fbem-32368	1	103	environment	environment	NOUN
fbem-32368	1	104	.	.	PUNCT
fbem-32368	2	1	this	this	DET
fbem-32368	2	2	paper	paper	NOUN
fbem-32368	2	3	takes	take	VERB
fbem-32368	2	4	a	a	DET
fbem-32368	2	5	-	-	PUNCT
fbem-32368	2	6	share	share	NOUN
fbem-32368	2	7	listed	list	VERB
fbem-32368	2	8	companies	company	NOUN
fbem-32368	2	9	from	from	ADP
fbem-32368	2	10	2012	2012	NUM
fbem-32368	2	11	to	to	ADP
fbem-32368	2	12	2022	2022	NUM
fbem-32368	2	13	as	as	ADP
fbem-32368	2	14	research	research	NOUN
fbem-32368	2	15	samples	sample	NOUN
fbem-32368	2	16	and	and	CCONJ
fbem-32368	2	17	conducts	conduct	VERB
fbem-32368	2	18	an	an	DET
fbem-32368	2	19	empirical	empirical	ADJ
fbem-32368	2	20	analysis	analysis	NOUN
fbem-32368	2	21	on	on	ADP
fbem-32368	2	22	board	board	NOUN
fbem-32368	2	23	composition	composition	NOUN
fbem-32368	2	24	.	.	PUNCT
fbem-32368	3	1	it	it	PRON
fbem-32368	3	2	is	be	AUX
fbem-32368	3	3	found	find	VERB
fbem-32368	3	4	that	that	SCONJ
fbem-32368	3	5	the	the	DET
fbem-32368	3	6	diversification	diversification	NOUN
fbem-32368	3	7	of	of	ADP
fbem-32368	3	8	the	the	DET
fbem-32368	3	9	characteristics	characteristic	NOUN
fbem-32368	3	10	of	of	ADP
fbem-32368	3	11	board	board	NOUN
fbem-32368	3	12	composition	composition	NOUN
fbem-32368	3	13	in	in	ADP
fbem-32368	3	14	listed	list	VERB
fbem-32368	3	15	com	com	NOUN
fbem-32368	3	16	panies	panie	NOUN
fbem-32368	3	17	is	be	AUX
fbem-32368	3	18	conducive	conducive	ADJ
fbem-32368	3	19	to	to	ADP
fbem-32368	3	20	improving	improve	VERB
fbem-32368	3	21	corporate	corporate	ADJ
fbem-32368	3	22	performance	performance	NOUN
fbem-32368	3	23	,	,	PUNCT
fbem-32368	3	24	among	among	ADP
fbem-32368	3	25	which	which	PRON
fbem-32368	3	26	the	the	DET
fbem-32368	3	27	diversification	diversification	NOUN
fbem-32368	3	28	of	of	ADP
fbem-32368	3	29	age	age	NOUN
fbem-32368	3	30	groups	group	NOUN
fbem-32368	3	31	and	and	CCONJ
fbem-32368	3	32	financial	financial	ADJ
fbem-32368	3	33	backgrounds	background	NOUN
fbem-32368	3	34	of	of	ADP
fbem-32368	3	35	the	the	DET
fbem-32368	3	36	board	board	NOUN
fbem-32368	3	37	have	have	VERB
fbem-32368	3	38	the	the	DET
fbem-32368	3	39	most	most	ADV
fbem-32368	3	40	significant	significant	ADJ
fbem-32368	3	41	positive	positive	ADJ
fbem-32368	3	42	impact	impact	NOUN
fbem-32368	3	43	on	on	ADP
fbem-32368	3	44	corporate	corporate	ADJ
fbem-32368	3	45	performance	performance	NOUN
fbem-32368	3	46	.	.	PUNCT
fbem-32368	4	1	the	the	DET
fbem-32368	4	2	research	research	NOUN
fbem-32368	4	3	findings	finding	NOUN
fbem-32368	4	4	of	of	ADP
fbem-32368	4	5	this	this	DET
fbem-32368	4	6	paper	paper	NOUN
fbem-32368	4	7	provide	provide	VERB
fbem-32368	4	8	theoretical	theoretical	ADJ
fbem-32368	4	9	and	and	CCONJ
fbem-32368	4	10	empirical	empirical	ADJ
fbem-32368	4	11	evidence	evidence	NOUN
fbem-32368	4	12	for	for	ADP
fbem-32368	4	13	optimizing	optimize	VERB
fbem-32368	4	14	board	board	NOUN
fbem-32368	4	15	composition	composition	NOUN
fbem-32368	4	16	and	and	CCONJ
fbem-32368	4	17	enhancing	enhance	VERB
fbem-32368	4	18	the	the	DET
fbem-32368	4	19	performance	performance	NOUN
fbem-32368	4	20	of	of	ADP
fbem-32368	4	21	listed	list	VERB
fbem-32368	4	22	companies	company	NOUN
fbem-32368	4	23	.	.	PUNCT
fbem-32368	5	1	keywords	keyword	NOUN
fbem-32368	5	2	:	:	PUNCT
fbem-32368	5	3	listed	list	VERB
fbem-32368	5	4	companies	company	NOUN
fbem-32368	5	5	;	;	PUNCT
fbem-32368	5	6	board	board	NOUN
fbem-32368	5	7	composition	composition	NOUN
fbem-32368	5	8	;	;	PUNCT
fbem-32368	5	9	corporate	corporate	ADJ
fbem-32368	5	10	performance	performance	NOUN
fbem-32368	5	11	.	.	PUNCT
fbem-32368	6	1	1	1	X
fbem-32368	6	2	.	.	X
fbem-32368	6	3	introduction	introduction	NOUN
fbem-32368	6	4	as	as	ADP
fbem-32368	6	5	a	a	DET
fbem-32368	6	6	core	core	NOUN
fbem-32368	6	7	component	component	NOUN
fbem-32368	6	8	of	of	ADP
fbem-32368	6	9	the	the	DET
fbem-32368	6	10	corporate	corporate	ADJ
fbem-32368	6	11	governance	governance	NOUN
fbem-32368	6	12	structure	structure	NOUN
fbem-32368	6	13	,	,	PUNCT
fbem-32368	6	14	the	the	DET
fbem-32368	6	15	board	board	NOUN
fbem-32368	6	16	of	of	ADP
fbem-32368	6	17	directors	director	NOUN
fbem-32368	6	18	is	be	AUX
fbem-32368	6	19	not	not	PART
fbem-32368	6	20	only	only	ADV
fbem-32368	6	21	responsible	responsible	ADJ
fbem-32368	6	22	for	for	ADP
fbem-32368	6	23	formulating	formulate	VERB
fbem-32368	6	24	the	the	DET
fbem-32368	6	25	company	company	NOUN
fbem-32368	6	26	's	's	PART
fbem-32368	6	27	strategic	strategic	ADJ
fbem-32368	6	28	direction	direction	NOUN
fbem-32368	6	29	and	and	CCONJ
fbem-32368	6	30	supervising	supervise	VERB
fbem-32368	6	31	the	the	DET
fbem-32368	6	32	implementation	implementation	NOUN
fbem-32368	6	33	of	of	ADP
fbem-32368	6	34	decisions	decision	NOUN
fbem-32368	6	35	by	by	ADP
fbem-32368	6	36	the	the	DET
fbem-32368	6	37	management	management	NOUN
fbem-32368	6	38	,	,	PUNCT
fbem-32368	6	39	but	but	CCONJ
fbem-32368	6	40	also	also	ADV
fbem-32368	6	41	directly	directly	ADV
fbem-32368	6	42	influences	influence	VERB
fbem-32368	6	43	the	the	DET
fbem-32368	6	44	company	company	NOUN
fbem-32368	6	45	's	's	PART
fbem-32368	6	46	operational	operational	ADJ
fbem-32368	6	47	decisions	decision	NOUN
fbem-32368	6	48	and	and	CCONJ
fbem-32368	6	49	resource	resource	NOUN
fbem-32368	6	50	allocation	allocation	NOUN
fbem-32368	6	51	through	through	ADP
fbem-32368	6	52	the	the	DET
fbem-32368	6	53	professional	professional	ADJ
fbem-32368	6	54	backgrounds	background	NOUN
fbem-32368	6	55	,	,	PUNCT
fbem-32368	6	56	decision	decision	NOUN
fbem-32368	6	57	-	-	PUNCT
fbem-32368	6	58	making	make	VERB
fbem-32368	6	59	styles	style	NOUN
fbem-32368	6	60	,	,	PUNCT
fbem-32368	6	61	and	and	CCONJ
fbem-32368	6	62	behavioral	behavioral	ADJ
fbem-32368	6	63	patterns	pattern	NOUN
fbem-32368	6	64	of	of	ADP
fbem-32368	6	65	its	its	PRON
fbem-32368	6	66	members	member	NOUN
fbem-32368	6	67	.	.	PUNCT
fbem-32368	7	1	therefore	therefore	ADV
fbem-32368	7	2	,	,	PUNCT
fbem-32368	7	3	whether	whether	SCONJ
fbem-32368	7	4	the	the	DET
fbem-32368	7	5	board	board	NOUN
fbem-32368	7	6	composition	composition	NOUN
fbem-32368	7	7	is	be	AUX
fbem-32368	7	8	optimized	optimize	VERB
fbem-32368	7	9	is	be	AUX
fbem-32368	7	10	crucial	crucial	ADJ
fbem-32368	7	11	to	to	ADP
fbem-32368	7	12	a	a	DET
fbem-32368	7	13	company	company	NOUN
fbem-32368	7	14	's	's	PART
fbem-32368	7	15	ability	ability	NOUN
fbem-32368	7	16	to	to	PART
fbem-32368	7	17	make	make	VERB
fbem-32368	7	18	co	co	NOUN
fbem-32368	7	19	rrect	rrect	VERB
fbem-32368	7	20	decisions	decision	NOUN
fbem-32368	7	21	,	,	PUNCT
fbem-32368	7	22	achieve	achieve	VERB
fbem-32368	7	23	effective	effective	ADJ
fbem-32368	7	24	risk	risk	NOUN
fbem-32368	7	25	management	management	NOUN
fbem-32368	7	26	,	,	PUNCT
fbem-32368	7	27	and	and	CCONJ
fbem-32368	7	28	create	create	VERB
fbem-32368	7	29	value	value	NOUN
fbem-32368	7	30	in	in	ADP
fbem-32368	7	31	a	a	DET
fbem-32368	7	32	complex	complex	ADJ
fbem-32368	7	33	and	and	CCONJ
fbem-32368	7	34	ever	ever	ADV
fbem-32368	7	35	-	-	PUNCT
fbem-32368	7	36	changing	change	VERB
fbem-32368	7	37	market	market	NOUN
fbem-32368	7	38	environment	environment	NOUN
fbem-32368	7	39	.	.	PUNCT
fbem-32368	8	1	meanwhile	meanwhile	ADV
fbem-32368	8	2	,	,	PUNCT
fbem-32368	8	3	as	as	SCONJ
fbem-32368	8	4	the	the	DET
fbem-32368	8	5	cornerstone	cornerstone	NOUN
fbem-32368	8	6	of	of	ADP
fbem-32368	8	7	the	the	DET
fbem-32368	8	8	capital	capital	NOUN
fbem-32368	8	9	market	market	NOUN
fbem-32368	8	10	,	,	PUNCT
fbem-32368	8	11	the	the	DET
fbem-32368	8	12	rationality	rationality	NOUN
fbem-32368	8	13	,	,	PUNCT
fbem-32368	8	14	professionalism	professionalism	NOUN
fbem-32368	8	15	,	,	PUNCT
fbem-32368	8	16	and	and	CCONJ
fbem-32368	8	17	independence	independence	NOUN
fbem-32368	8	18	of	of	ADP
fbem-32368	8	19	the	the	DET
fbem-32368	8	20	board	board	NOUN
fbem-32368	8	21	composition	composition	NOUN
fbem-32368	8	22	of	of	ADP
fbem-32368	8	23	listed	list	VERB
fbem-32368	8	24	companies	company	NOUN
fbem-32368	8	25	have	have	AUX
fbem-32368	8	26	attracted	attract	VERB
fbem-32368	8	27	widespread	widespread	ADJ
fbem-32368	8	28	attention	attention	NOUN
fbem-32368	8	29	from	from	ADP
fbem-32368	8	30	investors	investor	NOUN
fbem-32368	8	31	,	,	PUNCT
fbem-32368	8	32	regulatory	regulatory	ADJ
fbem-32368	8	33	authorities	authority	NOUN
fbem-32368	8	34	,	,	PUNCT
fbem-32368	8	35	and	and	CCONJ
fbem-32368	8	36	the	the	DET
fbem-32368	8	37	academic	academic	ADJ
fbem-32368	8	38	community	community	NOUN
fbem-32368	8	39	.	.	PUNCT
fbem-32368	9	1	thus	thus	ADV
fbem-32368	9	2	,	,	PUNCT
fbem-32368	9	3	exploring	explore	VERB
fbem-32368	9	4	the	the	DET
fbem-32368	9	5	impact	impact	NOUN
fbem-32368	9	6	of	of	ADP
fbem-32368	9	7	board	board	NOUN
fbem-32368	9	8	composition	composition	NOUN
fbem-32368	9	9	of	of	ADP
fbem-32368	9	10	listed	list	VERB
fbem-32368	9	11	companies	company	NOUN
fbem-32368	9	12	on	on	ADP
fbem-32368	9	13	corporate	corporate	ADJ
fbem-32368	9	14	performance	performance	NOUN
fbem-32368	9	15	not	not	PART
fbem-32368	9	16	only	only	ADV
fbem-32368	9	17	holds	hold	VERB
fbem-32368	9	18	significant	significant	ADJ
fbem-32368	9	19	theoretical	theoretical	ADJ
fbem-32368	9	20	value	value	NOUN
fbem-32368	9	21	b	b	AUX
fbem-32368	9	22	ut	ut	PROPN
fbem-32368	9	23	also	also	ADV
fbem-32368	9	24	has	have	VERB
fbem-32368	9	25	prominent	prominent	ADJ
fbem-32368	9	26	practical	practical	ADJ
fbem-32368	9	27	significance	significance	NOUN
fbem-32368	9	28	.	.	PUNCT
fbem-32368	10	1	specifically	specifically	ADV
fbem-32368	10	2	,	,	PUNCT
fbem-32368	10	3	this	this	DET
fbem-32368	10	4	paper	paper	NOUN
fbem-32368	10	5	takes	take	VERB
fbem-32368	10	6	a	a	DET
fbem-32368	10	7	-	-	PUNCT
fbem-32368	10	8	share	share	NOUN
fbem-32368	10	9	listed	list	VERB
fbem-32368	10	10	companies	company	NOUN
fbem-32368	10	11	from	from	ADP
fbem-32368	10	12	2012	2012	NUM
fbem-32368	10	13	to	to	ADP
fbem-32368	10	14	2022	2022	NUM
fbem-32368	10	15	as	as	ADP
fbem-32368	10	16	research	research	NOUN
fbem-32368	10	17	samples	sample	NOUN
fbem-32368	10	18	,	,	PUNCT
fbem-32368	10	19	conducts	conduct	VERB
fbem-32368	10	20	an	an	DET
fbem-32368	10	21	empirical	empirical	ADJ
fbem-32368	10	22	analysis	analysis	NOUN
fbem-32368	10	23	on	on	ADP
fbem-32368	10	24	the	the	DET
fbem-32368	10	25	board	board	NOUN
fbem-32368	10	26	composition	composition	NOUN
fbem-32368	10	27	,	,	PUNCT
fbem-32368	10	28	and	and	CCONJ
fbem-32368	10	29	uncovers	uncover	NOUN
fbem-32368	10	30	the	the	DET
fbem-32368	10	31	inherent	inherent	ADJ
fbem-32368	10	32	relationship	relationship	NOUN
fbem-32368	10	33	between	between	ADP
fbem-32368	10	34	board	board	NOUN
fbem-32368	10	35	composition	composition	NOUN
fbem-32368	10	36	and	and	CCONJ
fbem-32368	10	37	corporate	corporate	ADJ
fbem-32368	10	38	performance	performance	NOUN
fbem-32368	10	39	.	.	PUNCT
fbem-32368	11	1	it	it	PRON
fbem-32368	11	2	aims	aim	VERB
fbem-32368	11	3	to	to	PART
fbem-32368	11	4	provide	provide	VERB
fbem-32368	11	5	a	a	DET
fbem-32368	11	6	theoretical	theoretical	ADJ
fbem-32368	11	7	basis	basis	NOUN
fbem-32368	11	8	and	and	CCONJ
fbem-32368	11	9	practical	practical	ADJ
fbem-32368	11	10	guidance	guidance	NOUN
fbem-32368	11	11	for	for	ADP
fbem-32368	11	12	listed	list	VERB
fbem-32368	11	13	companies	company	NOUN
fbem-32368	11	14	to	to	PART
fbem-32368	11	15	improve	improve	VERB
fbem-32368	11	16	their	their	PRON
fbem-32368	11	17	governance	governance	NOUN
fbem-32368	11	18	structures	structure	NOUN
fbem-32368	11	19	and	and	CCONJ
fbem-32368	11	20	enhance	enhance	VERB
fbem-32368	11	21	governance	governance	NOUN
fbem-32368	11	22	efficiency	efficiency	NOUN
fbem-32368	11	23	.	.	PUNCT
fbem-32368	12	1	2	2	X
fbem-32368	12	2	.	.	X
fbem-32368	12	3	literature	literature	NOUN
fbem-32368	12	4	review	review	VERB
fbem-32368	12	5	the	the	DET
fbem-32368	12	6	company	company	NOUN
fbem-32368	12	7	law	law	NOUN
fbem-32368	12	8	stipulates	stipulate	VERB
fbem-32368	12	9	that	that	SCONJ
fbem-32368	12	10	the	the	DET
fbem-32368	12	11	board	board	NOUN
fbem-32368	12	12	of	of	ADP
fbem-32368	12	13	directors	director	NOUN
fbem-32368	12	14	is	be	AUX
fbem-32368	12	15	elected	elect	VERB
fbem-32368	12	16	by	by	ADP
fbem-32368	12	17	the	the	DET
fbem-32368	12	18	shareholders	shareholder	NOUN
fbem-32368	12	19	'	'	PART
fbem-32368	12	20	meeting	meeting	NOUN
fbem-32368	12	21	and	and	CCONJ
fbem-32368	12	22	accountable	accountable	ADJ
fbem-32368	12	23	to	to	ADP
fbem-32368	12	24	it	it	PRON
fbem-32368	12	25	.	.	PUNCT
fbem-32368	13	1	the	the	DET
fbem-32368	13	2	shareholders	shareholder	NOUN
fbem-32368	13	3	'	'	PART
fbem-32368	13	4	meeting	meeting	NOUN
fbem-32368	13	5	acts	act	VERB
fbem-32368	13	6	as	as	ADP
fbem-32368	13	7	the	the	DET
fbem-32368	13	8	principal	principal	NOUN
fbem-32368	13	9	of	of	ADP
fbem-32368	13	10	the	the	DET
fbem-32368	13	11	directors	director	NOUN
fbem-32368	13	12	,	,	PUNCT
fbem-32368	13	13	while	while	SCONJ
fbem-32368	13	14	the	the	DET
fbem-32368	13	15	directors	director	NOUN
fbem-32368	13	16	are	be	AUX
fbem-32368	13	17	agents	agent	NOUN
fbem-32368	13	18	entrusted	entrust	VERB
fbem-32368	13	19	to	to	PART
fbem-32368	13	20	manage	manage	VERB
fbem-32368	13	21	the	the	DET
fbem-32368	13	22	company	company	NOUN
fbem-32368	13	23	's	's	PART
fbem-32368	13	24	affairs	affair	NOUN
fbem-32368	13	25	.	.	PUNCT
fbem-32368	14	1	jensen	jensen	PROPN
fbem-32368	14	2	(	(	PUNCT
fbem-32368	14	3	1976	1976	NUM
fbem-32368	14	4	)	)	PUNCT
fbem-32368	15	1	[	[	X
fbem-32368	15	2	1	1	X
fbem-32368	15	3	]	]	PUNCT
fbem-32368	15	4	views	view	VERB
fbem-32368	15	5	the	the	DET
fbem-32368	15	6	principal	principal	ADJ
fbem-32368	15	7	-	-	PUNCT
fbem-32368	15	8	agent	agent	NOUN
fbem-32368	15	9	relationship	relationship	NOUN
fbem-32368	15	10	as	as	ADP
fbem-32368	15	11	a	a	DET
fbem-32368	15	12	contractual	contractual	ADJ
fbem-32368	15	13	one	one	NUM
fbem-32368	15	14	.	.	PUNCT
fbem-32368	16	1	due	due	ADP
fbem-32368	16	2	to	to	ADP
fbem-32368	16	3	the	the	DET
fbem-32368	16	4	separation	separation	NOUN
fbem-32368	16	5	of	of	ADP
fbem-32368	16	6	operational	operational	ADJ
fbem-32368	16	7	and	and	CCONJ
fbem-32368	16	8	decision	decision	NOUN
fbem-32368	16	9	-	-	PUNCT
fbem-32368	16	10	making	make	VERB
fbem-32368	16	11	powers	power	NOUN
fbem-32368	16	12	in	in	ADP
fbem-32368	16	13	enterprises	enterprise	NOUN
fbem-32368	16	14	,	,	PUNCT
fbem-32368	16	15	only	only	ADV
fbem-32368	16	16	when	when	SCONJ
fbem-32368	16	17	top	top	ADJ
fbem-32368	16	18	management	management	NOUN
fbem-32368	16	19	teams	team	NOUN
fbem-32368	16	20	achieve	achieve	VERB
fbem-32368	16	21	greater	great	ADJ
fbem-32368	16	22	interest	interest	NOUN
fbem-32368	16	23	alignment	alignment	NOUN
fbem-32368	16	24	can	can	AUX
fbem-32368	16	25	corporate	corporate	ADJ
fbem-32368	16	26	performance	performance	NOUN
fbem-32368	16	27	be	be	AUX
fbem-32368	16	28	improved	improve	VERB
fbem-32368	16	29	.	.	PUNCT
fbem-32368	17	1	in	in	ADP
fbem-32368	17	2	terms	term	NOUN
fbem-32368	17	3	of	of	ADP
fbem-32368	17	4	previous	previous	ADJ
fbem-32368	17	5	scholarly	scholarly	ADJ
fbem-32368	17	6	research	research	NOUN
fbem-32368	17	7	,	,	PUNCT
fbem-32368	17	8	theoretical	theoretical	ADJ
fbem-32368	17	9	studies	study	NOUN
fbem-32368	17	10	on	on	ADP
fbem-32368	17	11	the	the	DET
fbem-32368	17	12	impact	impact	NOUN
fbem-32368	17	13	of	of	ADP
fbem-32368	17	14	top	top	ADJ
fbem-32368	17	15	management	management	NOUN
fbem-32368	17	16	team	team	NOUN
fbem-32368	17	17	characteristics	characteristic	NOUN
fbem-32368	17	18	on	on	ADP
fbem-32368	17	19	corporate	corporate	ADJ
fbem-32368	17	20	performance	performance	NOUN
fbem-32368	17	21	can	can	AUX
fbem-32368	17	22	be	be	AUX
fbem-32368	17	23	traced	trace	VERB
fbem-32368	17	24	back	back	ADV
fbem-32368	17	25	to	to	ADP
fbem-32368	17	26	the	the	DET
fbem-32368	17	27	1980s	1980s	NUM
fbem-32368	17	28	.	.	PUNCT
fbem-32368	18	1	hambrick	hambrick	PROPN
fbem-32368	18	2	and	and	CCONJ
fbem-32368	18	3	mason	mason	PROPN
fbem-32368	18	4	(	(	PUNCT
fbem-32368	18	5	1984	1984	NUM
fbem-32368	18	6	)	)	PUNCT
fbem-32368	19	1	[	[	X
fbem-32368	19	2	2	2	NUM
fbem-32368	19	3	]	]	PUNCT
fbem-32368	19	4	first	first	ADV
fbem-32368	19	5	proposed	propose	VERB
fbem-32368	19	6	the	the	DET
fbem-32368	19	7	upper	upper	ADJ
fbem-32368	19	8	echelons	echelon	NOUN
fbem-32368	19	9	theory	theory	NOUN
fbem-32368	19	10	,	,	PUNCT
fbem-32368	19	11	arguing	argue	VERB
fbem-32368	19	12	that	that	SCONJ
fbem-32368	19	13	the	the	DET
fbem-32368	19	14	personal	personal	ADJ
fbem-32368	19	15	preferences	preference	NOUN
fbem-32368	19	16	and	and	CCONJ
fbem-32368	19	17	characteristics	characteristic	NOUN
fbem-32368	19	18	of	of	ADP
fbem-32368	19	19	top	top	ADJ
fbem-32368	19	20	management	management	NOUN
fbem-32368	19	21	team	team	NOUN
fbem-32368	19	22	members	member	NOUN
fbem-32368	19	23	influence	influence	VERB
fbem-32368	19	24	enterprises	enterprise	NOUN
fbem-32368	19	25	'	'	PART
fbem-32368	19	26	strategic	strategic	ADJ
fbem-32368	19	27	choices	choice	NOUN
fbem-32368	19	28	at	at	ADP
fbem-32368	19	29	various	various	ADJ
fbem-32368	19	30	stages	stage	NOUN
fbem-32368	19	31	.	.	PUNCT
fbem-32368	20	1	with	with	ADP
fbem-32368	20	2	the	the	DET
fbem-32368	20	3	deepening	deepening	NOUN
fbem-32368	20	4	of	of	ADP
fbem-32368	20	5	research	research	NOUN
fbem-32368	20	6	,	,	PUNCT
fbem-32368	20	7	the	the	DET
fbem-32368	20	8	revised	revise	VERB
fbem-32368	20	9	upper	upper	ADJ
fbem-32368	20	10	echelons	echelon	NOUN
fbem-32368	20	11	theory	theory	NOUN
fbem-32368	20	12	emphasizes	emphasize	VERB
fbem-32368	20	13	the	the	DET
fbem-32368	20	14	impact	impact	NOUN
fbem-32368	20	15	of	of	ADP
fbem-32368	20	16	psychological	psychological	ADJ
fbem-32368	20	17	variables	variable	NOUN
fbem-32368	20	18	such	such	ADJ
fbem-32368	20	19	as	as	ADP
fbem-32368	20	20	cognitive	cognitive	ADJ
fbem-32368	20	21	level	level	NOUN
fbem-32368	20	22	and	and	CCONJ
fbem-32368	20	23	values	value	NOUN
fbem-32368	20	24	on	on	ADP
fbem-32368	20	25	executives	executive	NOUN
fbem-32368	20	26	'	'	PART
fbem-32368	20	27	behaviors	behavior	NOUN
fbem-32368	20	28	,	,	PUNCT
fbem-32368	20	29	and	and	CCONJ
fbem-32368	20	30	proposes	propose	VERB
fbem-32368	20	31	replacing	replace	VERB
fbem-32368	20	32	demographic	demographic	ADJ
fbem-32368	20	33	variables	variable	NOUN
fbem-32368	20	34	with	with	ADP
fbem-32368	20	35	psychological	psychological	ADJ
fbem-32368	20	36	variables	variable	NOUN
fbem-32368	20	37	(	(	PUNCT
fbem-32368	20	38	e.g.	e.g.	ADV
fbem-32368	20	39	,	,	PUNCT
fbem-32368	20	40	cognition	cognition	NOUN
fbem-32368	20	41	and	and	CCONJ
fbem-32368	20	42	behavioral	behavioral	ADJ
fbem-32368	20	43	tendencies	tendency	NOUN
fbem-32368	20	44	)	)	PUNCT
fbem-32368	20	45	to	to	PART
fbem-32368	20	46	represent	represent	VERB
fbem-32368	20	47	a	a	DET
fbem-32368	20	48	series	series	NOUN
fbem-32368	20	49	of	of	ADP
fbem-32368	20	50	theoretical	theoretical	ADJ
fbem-32368	20	51	constructs	construct	NOUN
fbem-32368	20	52	.	.	PUNCT
fbem-32368	21	1	many	many	ADJ
fbem-32368	21	2	scholars	scholar	NOUN
fbem-32368	21	3	have	have	AUX
fbem-32368	21	4	discussed	discuss	VERB
fbem-32368	21	5	and	and	CCONJ
fbem-32368	21	6	verified	verify	VERB
fbem-32368	21	7	the	the	DET
fbem-32368	21	8	impact	impact	NOUN
fbem-32368	21	9	of	of	ADP
fbem-32368	21	10	top	top	ADJ
fbem-32368	21	11	management	management	NOUN
fbem-32368	21	12	team	team	NOUN
fbem-32368	21	13	characteristics	characteristic	NOUN
fbem-32368	21	14	on	on	ADP
fbem-32368	21	15	corporate	corporate	ADJ
fbem-32368	21	16	development	development	NOUN
fbem-32368	21	17	and	and	CCONJ
fbem-32368	21	18	growth	growth	NOUN
fbem-32368	21	19	from	from	ADP
fbem-32368	21	20	various	various	ADJ
fbem-32368	21	21	perspectives	perspective	NOUN
fbem-32368	21	22	,	,	PUNCT
fbem-32368	21	23	as	as	SCONJ
fbem-32368	21	24	these	these	DET
fbem-32368	21	25	characteristics	characteristic	NOUN
fbem-32368	21	26	affect	affect	VERB
fbem-32368	21	27	all	all	DET
fbem-32368	21	28	aspects	aspect	NOUN
fbem-32368	21	29	of	of	ADP
fbem-32368	21	30	corporate	corporate	ADJ
fbem-32368	21	31	operations	operation	NOUN
fbem-32368	21	32	.	.	PUNCT
fbem-32368	22	1	wu	wu	PROPN
fbem-32368	22	2	dejun	dejun	PROPN
fbem-32368	22	3	and	and	CCONJ
fbem-32368	22	4	huang	huang	PROPN
fbem-32368	22	5	dandan	dandan	PROPN
fbem-32368	22	6	(	(	PUNCT
fbem-32368	22	7	2013)[3	2013)[3	PROPN
fbem-32368	22	8	]	]	PUNCT
fbem-32368	22	9	,	,	PUNCT
fbem-32368	22	10	starting	start	VERB
fbem-32368	22	11	from	from	ADP
fbem-32368	22	12	environmental	environmental	ADJ
fbem-32368	22	13	performance	performance	NOUN
fbem-32368	22	14	,	,	PUNCT
fbem-32368	22	15	found	find	VERB
fbem-32368	22	16	through	through	ADP
fbem-32368	22	17	an	an	DET
fbem-32368	22	18	analysis	analysis	NOUN
fbem-32368	22	19	of	of	ADP
fbem-32368	22	20	corporate	corporate	ADJ
fbem-32368	22	21	social	social	ADJ
fbem-32368	22	22	responsibility	responsibility	NOUN
fbem-32368	22	23	reports	report	VERB
fbem-32368	22	24	that	that	SCONJ
fbem-32368	22	25	executives	executive	NOUN
fbem-32368	22	26	'	'	PART
fbem-32368	22	27	gender	gender	NOUN
fbem-32368	22	28	and	and	CCONJ
fbem-32368	22	29	long	long	ADJ
fbem-32368	22	30	-	-	PUNCT
fbem-32368	22	31	term	term	NOUN
fbem-32368	22	32	compensation	compensation	NOUN
fbem-32368	22	33	are	be	AUX
fbem-32368	22	34	positively	positively	ADV
fbem-32368	22	35	correlated	correlate	VERB
fbem-32368	22	36	with	with	ADP
fbem-32368	22	37	environmental	environmental	ADJ
fbem-32368	22	38	performance	performance	NOUN
fbem-32368	22	39	.	.	PUNCT
fbem-32368	23	1	from	from	ADP
fbem-32368	23	2	the	the	DET
fbem-32368	23	3	perspective	perspective	NOUN
fbem-32368	23	4	of	of	ADP
fbem-32368	23	5	corporate	corporate	ADJ
fbem-32368	23	6	innovation	innovation	NOUN
fbem-32368	23	7	behaviors	behavior	NOUN
fbem-32368	23	8	,	,	PUNCT
fbem-32368	23	9	yang	yang	PROPN
fbem-32368	23	10	xuan	xuan	PROPN
fbem-32368	23	11	and	and	CCONJ
fbem-32368	23	12	luo	luo	PROPN
fbem-32368	23	13	fei	fei	PROPN
fbem-32368	23	14	(	(	PUNCT
fbem-32368	23	15	2016	2016	NUM
fbem-32368	23	16	)	)	PUNCT
fbem-32368	24	1	[	[	X
fbem-32368	24	2	4	4	X
fbem-32368	24	3	]	]	PUNCT
fbem-32368	24	4	discovered	discover	VERB
fbem-32368	24	5	that	that	SCONJ
fbem-32368	24	6	there	there	PRON
fbem-32368	24	7	is	be	VERB
fbem-32368	24	8	a	a	DET
fbem-32368	24	9	non	non	ADJ
fbem-32368	24	10	-linear	-linear	NOUN
fbem-32368	24	11	"	"	PUNCT
fbem-32368	24	12	u	u	ADJ
fbem-32368	24	13	-	-	ADJ
fbem-32368	24	14	shaped	shaped	ADJ
fbem-32368	24	15	"	"	PUNCT
fbem-32368	24	16	relationship	relationship	NOUN
fbem-32368	24	17	between	between	ADP
fbem-32368	24	18	the	the	DET
fbem-32368	24	19	average	average	ADJ
fbem-32368	24	20	age	age	NOUN
fbem-32368	24	21	of	of	ADP
fbem-32368	24	22	executives	executive	NOUN
fbem-32368	24	23	and	and	CCONJ
fbem-32368	24	24	corporate	corporate	ADJ
fbem-32368	24	25	innovation	innovation	NOUN
fbem-32368	24	26	behaviors	behavior	NOUN
fbem-32368	24	27	in	in	ADP
fbem-32368	24	28	listed	list	VERB
fbem-32368	24	29	companies	company	NOUN
fbem-32368	24	30	on	on	ADP
fbem-32368	24	31	the	the	DET
fbem-32368	24	32	sme	sme	PROPN
fbem-32368	24	33	board	board	PROPN
fbem-32368	24	34	.	.	PUNCT
fbem-32368	25	1	lu	lu	PROPN
fbem-32368	25	2	xin	xin	PROPN
fbem-32368	25	3	et	et	PROPN
fbem-32368	25	4	al	al	PROPN
fbem-32368	25	5	.	.	PROPN
fbem-32368	26	1	(	(	PUNCT
fbem-32368	26	2	2017	2017	NUM
fbem-32368	26	3	)	)	PUNCT
fbem-32368	27	1	[	[	X
fbem-32368	27	2	5	5	NUM
fbem-32368	27	3	]	]	PUNCT
fbem-32368	27	4	,	,	PUNCT
fbem-32368	27	5	in	in	ADP
fbem-32368	27	6	their	their	PRON
fbem-32368	27	7	research	research	NOUN
fbem-32368	27	8	o	o	NOUN
fbem-32368	27	9	n	n	CCONJ
fbem-32368	27	10	the	the	DET
fbem-32368	27	11	impact	impact	NOUN
fbem-32368	27	12	on	on	ADP
fbem-32368	27	13	investment	investment	NOUN
fbem-32368	27	14	efficiency	efficiency	NOUN
fbem-32368	27	15	,	,	PUNCT
fbem-32368	27	16	concluded	conclude	VERB
fbem-32368	27	17	that	that	SCONJ
fbem-32368	27	18	the	the	DET
fbem-32368	27	19	average	average	ADJ
fbem-32368	27	20	age	age	NOUN
fbem-32368	27	21	and	and	CCONJ
fbem-32368	27	22	average	average	ADJ
fbem-32368	27	23	tenure	tenure	NOUN
fbem-32368	27	24	of	of	ADP
fbem-32368	27	25	the	the	DET
fbem-32368	27	26	top	top	ADJ
fbem-32368	27	27	management	management	NOUN
fbem-32368	27	28	team	team	NOUN
fbem-32368	27	29	are	be	AUX
fbem-32368	27	30	positively	positively	ADV
fbem-32368	27	31	correlated	correlate	VERB
fbem-32368	27	32	with	with	ADP
fbem-32368	27	33	investment	investment	NOUN
fbem-32368	27	34	efficiency	efficiency	NOUN
fbem-32368	27	35	.	.	PUNCT
fbem-32368	28	1	there	there	PRON
fbem-32368	28	2	have	have	AUX
fbem-32368	28	3	also	also	ADV
fbem-32368	28	4	been	be	AUX
fbem-32368	28	5	many	many	ADJ
fbem-32368	28	6	in	in	ADP
fbem-32368	28	7	-	-	PUNCT
fbem-32368	28	8	depth	depth	NOUN
fbem-32368	28	9	studies	study	NOUN
fbem-32368	28	10	on	on	ADP
fbem-32368	28	11	the	the	DET
fbem-32368	28	12	impact	impact	NOUN
fbem-32368	28	13	of	of	ADP
fbem-32368	28	14	individual	individual	ADJ
fbem-32368	28	15	characteristics	characteristic	NOUN
fbem-32368	28	16	and	and	CCONJ
fbem-32368	28	17	preferences	preference	NOUN
fbem-32368	28	18	of	of	ADP
fbem-32368	28	19	members	member	NOUN
fbem-32368	28	20	of	of	ADP
fbem-32368	28	21	corporate	corporate	ADJ
fbem-32368	28	22	management	management	NOUN
fbem-32368	28	23	teams	team	NOUN
fbem-32368	28	24	on	on	ADP
fbem-32368	28	25	corporate	corporate	ADJ
fbem-32368	28	26	performance	performance	NOUN
fbem-32368	28	27	,	,	PUNCT
fbem-32368	28	28	with	with	ADP
fbem-32368	28	29	varying	vary	VERB
fbem-32368	28	30	perspectives	perspective	NOUN
fbem-32368	28	31	.	.	PUNCT
fbem-32368	29	1	from	from	ADP
fbem-32368	29	2	the	the	DET
fbem-32368	29	3	perspective	perspective	NOUN
fbem-32368	29	4	of	of	ADP
fbem-32368	29	5	age	age	NOUN
fbem-32368	29	6	characteristics	characteristic	NOUN
fbem-32368	29	7	,	,	PUNCT
fbem-32368	29	8	zhu	zhu	PROPN
fbem-32368	29	9	mingqi	mingqi	NOUN
fbem-32368	29	10	and	and	CCONJ
fbem-32368	29	11	zhang	zhang	PROPN
fbem-32368	29	12	fuxiang	fuxiang	PROPN
fbem-32368	29	13	(	(	PUNCT
fbem-32368	29	14	2018	2018	NUM
fbem-32368	29	15	)	)	PUNCT
fbem-32368	30	1	[	[	X
fbem-32368	30	2	6	6	NUM
fbem-32368	30	3	]	]	PUNCT
fbem-32368	30	4	found	find	VERB
fbem-32368	30	5	that	that	SCONJ
fbem-32368	30	6	the	the	PRON
fbem-32368	30	7	older	old	ADJ
fbem-32368	30	8	the	the	DET
fbem-32368	30	9	average	average	ADJ
fbem-32368	30	10	age	age	NOUN
fbem-32368	30	11	of	of	ADP
fbem-32368	30	12	the	the	DET
fbem-32368	30	13	top	top	ADJ
fbem-32368	30	14	management	management	NOUN
fbem-32368	30	15	team	team	NOUN
fbem-32368	30	16	,	,	PUNCT
fbem-32368	30	17	the	the	PRON
fbem-32368	30	18	more	more	ADV
fbem-32368	30	19	conducive	conducive	ADJ
fbem-32368	30	20	it	it	PRON
fbem-32368	30	21	is	be	AUX
fbem-32368	30	22	to	to	ADP
fbem-32368	30	23	increasing	increase	VERB
fbem-32368	30	24	r&d	r&d	NOUN
fbem-32368	30	25	investment	investment	NOUN
fbem-32368	30	26	and	and	CCONJ
fbem-32368	30	27	,	,	PUNCT
fbem-32368	30	28	at	at	ADP
fbem-32368	30	29	the	the	DET
fbem-32368	30	30	same	same	ADJ
fbem-32368	30	31	time	time	NOUN
fbem-32368	30	32	,	,	PUNCT
fbem-32368	30	33	to	to	ADP
fbem-32368	30	34	improving	improve	VERB
fbem-32368	30	35	corporate	corporate	ADJ
fbem-32368	30	36	performance	performance	NOUN
fbem-32368	30	37	.	.	PUNCT
fbem-32368	31	1	in	in	ADP
fbem-32368	31	2	terms	term	NOUN
fbem-32368	31	3	of	of	ADP
fbem-32368	31	4	gender	gender	NOUN
fbem-32368	31	5	structure	structure	NOUN
fbem-32368	31	6	,	,	PUNCT
fbem-32368	31	7	yan	yan	PROPN
fbem-32368	31	8	yonghai	yonghai	PROPN
fbem-32368	31	9	(	(	PUNCT
fbem-32368	31	10	2014	2014	NUM
fbem-32368	31	11	)	)	PUNCT
fbem-32368	32	1	[	[	X
fbem-32368	32	2	7	7	X
fbem-32368	32	3	]	]	PUNCT
fbem-32368	32	4	found	find	VERB
fbem-32368	32	5	that	that	SCONJ
fbem-32368	32	6	greater	great	ADJ
fbem-32368	32	7	gender	gender	NOUN
fbem-32368	32	8	diversity	diversity	NOUN
fbem-32368	32	9	in	in	ADP
fbem-32368	32	10	the	the	DET
fbem-32368	32	11	board	board	NOUN
fbem-32368	32	12	of	of	ADP
fbem-32368	32	13	directors	director	NOUN
fbem-32368	32	14	can	can	AUX
fbem-32368	32	15	,	,	PUNCT
fbem-32368	32	16	to	to	ADP
fbem-32368	32	17	a	a	DET
fbem-32368	32	18	certain	certain	ADJ
fbem-32368	32	19	extent	extent	NOUN
fbem-32368	32	20	,	,	PUNCT
fbem-32368	32	21	promote	promote	VERB
fbem-32368	32	22	corporate	corporate	ADJ
fbem-32368	32	23	performance	performance	NOUN
fbem-32368	32	24	.	.	PUNCT
fbem-32368	33	1	however	however	ADV
fbem-32368	33	2	,	,	PUNCT
fbem-32368	33	3	other	other	ADJ
fbem-32368	33	4	scholars	scholar	NOUN
fbem-32368	33	5	have	have	AUX
fbem-32368	33	6	drawn	draw	VERB
fbem-32368	33	7	different	different	ADJ
fbem-32368	33	8	conclusions	conclusion	NOUN
fbem-32368	33	9	regarding	regard	VERB
fbem-32368	33	10	165	165	NUM
fbem-32368	33	11	gender	gender	NOUN
fbem-32368	33	12	composition	composition	NOUN
fbem-32368	33	13	.	.	PUNCT
fbem-32368	34	1	li	li	PROPN
fbem-32368	34	2	jinglin	jinglin	PROPN
fbem-32368	34	3	and	and	CCONJ
fbem-32368	34	4	yang	yang	PROPN
fbem-32368	34	5	zhen	zhen	PROPN
fbem-32368	34	6	(	(	PUNCT
fbem-32368	34	7	2019	2019	NUM
fbem-32368	34	8	)	)	PUNCT
fbem-32368	35	1	[	[	X
fbem-32368	35	2	8	8	NUM
fbem-32368	35	3	]	]	PUNCT
fbem-32368	35	4	found	find	VERB
fbem-32368	35	5	that	that	SCONJ
fbem-32368	35	6	increasing	increase	VERB
fbem-32368	35	7	the	the	DET
fbem-32368	35	8	proportion	proportion	NOUN
fbem-32368	35	9	of	of	ADP
fbem-32368	35	10	female	female	ADJ
fbem-32368	35	11	members	member	NOUN
fbem-32368	35	12	leads	lead	VERB
fbem-32368	35	13	to	to	ADP
fbem-32368	35	14	a	a	DET
fbem-32368	35	15	decrease	decrease	NOUN
fbem-32368	35	16	in	in	ADP
fbem-32368	35	17	investment	investment	NOUN
fbem-32368	35	18	in	in	ADP
fbem-32368	35	19	innovative	innovative	ADJ
fbem-32368	35	20	industries	industry	NOUN
fbem-32368	35	21	,	,	PUNCT
fbem-32368	35	22	thereby	thereby	ADV
fbem-32368	35	23	reducing	reduce	VERB
fbem-32368	35	24	corporate	corporate	ADJ
fbem-32368	35	25	innovation	innovation	NOUN
fbem-32368	35	26	performance	performance	NOUN
fbem-32368	35	27	.	.	PUNCT
fbem-32368	36	1	this	this	PRON
fbem-32368	36	2	is	be	AUX
fbem-32368	36	3	because	because	SCONJ
fbem-32368	36	4	women	woman	NOUN
fbem-32368	36	5	generally	generally	ADV
fbem-32368	36	6	have	have	VERB
fbem-32368	36	7	a	a	DET
fbem-32368	36	8	risk	risk	NOUN
fbem-32368	36	9	-	-	PUNCT
fbem-32368	36	10	averse	averse	ADJ
fbem-32368	36	11	psychology	psychology	NOUN
fbem-32368	36	12	,	,	PUNCT
fbem-32368	36	13	so	so	SCONJ
fbem-32368	36	14	they	they	PRON
fbem-32368	36	15	reduce	reduce	VERB
fbem-32368	36	16	investment	investment	NOUN
fbem-32368	36	17	activities	activity	NOUN
fbem-32368	36	18	to	to	PART
fbem-32368	36	19	control	control	VERB
fbem-32368	36	20	operational	operational	ADJ
fbem-32368	36	21	risks	risk	NOUN
fbem-32368	36	22	.	.	PUNCT
fbem-32368	37	1	regarding	regard	VERB
fbem-32368	37	2	educational	educational	ADJ
fbem-32368	37	3	background	background	NOUN
fbem-32368	37	4	characteristics	characteristic	NOUN
fbem-32368	37	5	,	,	PUNCT
fbem-32368	37	6	wen	wen	PROPN
fbem-32368	37	7	fang	fang	PROPN
fbem-32368	37	8	and	and	CCONJ
fbem-32368	37	9	hu	hu	PROPN
fbem-32368	37	10	yuming	yuming	PROPN
fbem-32368	37	11	(	(	PUNCT
fbem-32368	37	12	2009	2009	NUM
fbem-32368	37	13	)	)	PUNCT
fbem-32368	38	1	[	[	X
fbem-32368	38	2	9	9	NUM
fbem-32368	38	3	]	]	PUNCT
fbem-32368	38	4	,	,	PUNCT
fbem-32368	38	5	as	as	ADV
fbem-32368	38	6	well	well	ADV
fbem-32368	38	7	as	as	ADP
fbem-32368	38	8	zhang	zhang	PROPN
fbem-32368	38	9	junrui	junrui	PROPN
fbem-32368	38	10	et	et	PROPN
fbem-32368	38	11	al	al	PROPN
fbem-32368	38	12	.	.	PROPN
fbem-32368	39	1	(	(	PUNCT
fbem-32368	39	2	2010	2010	NUM
fbem-32368	39	3	)	)	PUNCT
fbem-32368	40	1	[	[	X
fbem-32368	40	2	10	10	NUM
fbem-32368	40	3	]	]	PUNCT
fbem-32368	40	4	,	,	PUNCT
fbem-32368	40	5	conducted	conduct	VERB
fbem-32368	40	6	sample	sample	NOUN
fbem-32368	40	7	studies	study	NOUN
fbem-32368	40	8	using	use	VERB
fbem-32368	40	9	data	datum	NOUN
fbem-32368	40	10	from	from	ADP
fbem-32368	40	11	different	different	ADJ
fbem-32368	40	12	periods	period	NOUN
fbem-32368	40	13	and	and	CCONJ
fbem-32368	40	14	types	type	NOUN
fbem-32368	40	15	of	of	ADP
fbem-32368	40	16	enterprises	enterprise	NOUN
fbem-32368	40	17	.	.	PUNCT
fbem-32368	41	1	they	they	PRON
fbem-32368	41	2	found	find	VERB
fbem-32368	41	3	that	that	SCONJ
fbem-32368	41	4	educational	educational	ADJ
fbem-32368	41	5	level	level	NOUN
fbem-32368	41	6	is	be	AUX
fbem-32368	41	7	positively	positively	ADV
fbem-32368	41	8	correlated	correlate	VERB
fbem-32368	41	9	with	with	ADP
fbem-32368	41	10	corporate	corporate	ADJ
fbem-32368	41	11	performance	performance	NOUN
fbem-32368	41	12	,	,	PUNCT
fbem-32368	41	13	and	and	CCONJ
fbem-32368	41	14	the	the	DET
fbem-32368	41	15	educational	educational	ADJ
fbem-32368	41	16	level	level	NOUN
fbem-32368	41	17	of	of	ADP
fbem-32368	41	18	members	member	NOUN
fbem-32368	41	19	has	have	VERB
fbem-32368	41	20	a	a	DET
fbem-32368	41	21	significant	significant	ADJ
fbem-32368	41	22	positive	positive	ADJ
fbem-32368	41	23	impact	impact	NOUN
fbem-32368	41	24	on	on	ADP
fbem-32368	41	25	r&d	r&d	NOUN
fbem-32368	41	26	investment	investment	NOUN
fbem-32368	41	27	,	,	PUNCT
fbem-32368	41	28	among	among	ADP
fbem-32368	41	29	other	other	ADJ
fbem-32368	41	30	aspects	aspect	NOUN
fbem-32368	41	31	.	.	PUNCT
fbem-32368	42	1	ke	ke	PROPN
fbem-32368	42	2	jianglin	jianglin	PROPN
fbem-32368	42	3	(	(	PUNCT
fbem-32368	42	4	2006	2006	NUM
fbem-32368	42	5	)	)	PUNCT
fbem-32368	43	1	[	[	X
fbem-32368	43	2	11	11	NUM
fbem-32368	43	3	]	]	X
fbem-32368	43	4	,	,	PUNCT
fbem-32368	43	5	however	however	ADV
fbem-32368	43	6	,	,	PUNCT
fbem-32368	43	7	found	find	VERB
fbem-32368	43	8	that	that	SCONJ
fbem-32368	43	9	top	top	ADJ
fbem-32368	43	10	management	management	NOUN
fbem-32368	43	11	teams	team	NOUN
fbem-32368	43	12	with	with	ADP
fbem-32368	43	13	greater	great	ADJ
fbem-32368	43	14	differences	difference	NOUN
fbem-32368	43	15	in	in	ADP
fbem-32368	43	16	educat	educat	NOUN
fbem-32368	43	17	ional	ional	ADJ
fbem-32368	43	18	backgrounds	background	NOUN
fbem-32368	43	19	are	be	AUX
fbem-32368	43	20	more	more	ADV
fbem-32368	43	21	likely	likely	ADJ
fbem-32368	43	22	to	to	PART
fbem-32368	43	23	have	have	VERB
fbem-32368	43	24	disagreements	disagreement	NOUN
fbem-32368	43	25	during	during	ADP
fbem-32368	43	26	the	the	DET
fbem-32368	43	27	decision	decision	NOUN
fbem-32368	43	28	-	-	PUNCT
fbem-32368	43	29	making	make	VERB
fbem-32368	43	30	process	process	NOUN
fbem-32368	43	31	,	,	PUNCT
fbem-32368	43	32	and	and	CCONJ
fbem-32368	43	33	such	such	ADJ
fbem-32368	43	34	disagreements	disagreement	NOUN
fbem-32368	43	35	among	among	ADP
fbem-32368	43	36	team	team	NOUN
fbem-32368	43	37	members	member	NOUN
fbem-32368	43	38	regarding	regard	VERB
fbem-32368	43	39	the	the	DET
fbem-32368	43	40	company	company	NOUN
fbem-32368	43	41	's	's	PART
fbem-32368	43	42	strategic	strategic	ADJ
fbem-32368	43	43	direction	direction	NOUN
fbem-32368	43	44	and	and	CCONJ
fbem-32368	43	45	decisions	decision	NOUN
fbem-32368	43	46	will	will	AUX
fbem-32368	43	47	be	be	AUX
fbem-32368	43	48	more	more	ADV
fbem-32368	43	49	pronounced	pronounced	ADJ
fbem-32368	43	50	.	.	PUNCT
fbem-32368	44	1	synthesizing	synthesize	VERB
fbem-32368	44	2	previous	previous	ADJ
fbem-32368	44	3	studies	study	NOUN
fbem-32368	44	4	on	on	ADP
fbem-32368	44	5	how	how	SCONJ
fbem-32368	44	6	the	the	DET
fbem-32368	44	7	characteristics	characteristic	NOUN
fbem-32368	44	8	of	of	ADP
fbem-32368	44	9	team	team	NOUN
fbem-32368	44	10	members	member	NOUN
fbem-32368	44	11	affect	affect	VERB
fbem-32368	44	12	performance	performance	NOUN
fbem-32368	44	13	,	,	PUNCT
fbem-32368	44	14	scholars	scholar	NOUN
fbem-32368	44	15	have	have	AUX
fbem-32368	44	16	not	not	PART
fbem-32368	44	17	reached	reach	VERB
fbem-32368	44	18	a	a	DET
fbem-32368	44	19	consensus	consensus	NOUN
fbem-32368	44	20	on	on	ADP
fbem-32368	44	21	the	the	DET
fbem-32368	44	22	relationship	relationship	NOUN
fbem-32368	44	23	between	between	ADP
fbem-32368	44	24	top	top	ADJ
fbem-32368	44	25	management	management	NOUN
fbem-32368	44	26	team	team	NOUN
fbem-32368	44	27	characteristics	characteristic	NOUN
fbem-32368	44	28	and	and	CCONJ
fbem-32368	44	29	corporate	corporate	ADJ
fbem-32368	44	30	performance	performance	NOUN
fbem-32368	44	31	.	.	PUNCT
fbem-32368	45	1	most	most	ADJ
fbem-32368	45	2	existing	exist	VERB
fbem-32368	45	3	research	research	NOUN
fbem-32368	45	4	findings	finding	NOUN
fbem-32368	45	5	focus	focus	VERB
fbem-32368	45	6	on	on	ADP
fbem-32368	45	7	gem	gem	NOUN
fbem-32368	45	8	-listed	-listed	ADJ
fbem-32368	45	9	companies	company	NOUN
fbem-32368	45	10	in	in	ADP
fbem-32368	45	11	emerging	emerge	VERB
fbem-32368	45	12	markets	market	NOUN
fbem-32368	45	13	to	to	PART
fbem-32368	45	14	explore	explore	VERB
fbem-32368	45	15	the	the	DET
fbem-32368	45	16	relationship	relationship	NOUN
fbem-32368	45	17	between	between	ADP
fbem-32368	45	18	top	top	ADJ
fbem-32368	45	19	management	management	NOUN
fbem-32368	45	20	team	team	NOUN
fbem-32368	45	21	characteristics	characteristic	NOUN
fbem-32368	45	22	and	and	CCONJ
fbem-32368	45	23	corporate	corporate	ADJ
fbem-32368	45	24	performance	performance	NOUN
fbem-32368	45	25	,	,	PUNCT
fbem-32368	45	26	while	while	SCONJ
fbem-32368	45	27	there	there	PRON
fbem-32368	45	28	are	be	VERB
fbem-32368	45	29	relatively	relatively	ADV
fbem-32368	45	30	few	few	ADJ
fbem-32368	45	31	studies	study	NOUN
fbem-32368	45	32	on	on	ADP
fbem-32368	45	33	main	main	ADJ
fbem-32368	45	34	board	board	NOUN
fbem-32368	45	35	listed	list	VERB
fbem-32368	45	36	companies	company	NOUN
fbem-32368	45	37	.	.	PUNCT
fbem-32368	46	1	this	this	DET
fbem-32368	46	2	paper	paper	NOUN
fbem-32368	46	3	attempts	attempt	VERB
fbem-32368	46	4	to	to	PART
fbem-32368	46	5	construct	construct	VERB
fbem-32368	46	6	an	an	DET
fbem-32368	46	7	overall	overall	ADJ
fbem-32368	46	8	diversity	diversity	NOUN
fbem-32368	46	9	index	index	NOUN
fbem-32368	46	10	of	of	ADP
fbem-32368	46	11	board	board	NOUN
fbem-32368	46	12	members	member	NOUN
fbem-32368	46	13	'	'	PART
fbem-32368	46	14	characteristics	characteristic	NOUN
fbem-32368	46	15	to	to	PART
fbem-32368	46	16	comprehensively	comprehensively	ADV
fbem-32368	46	17	examine	examine	VERB
fbem-32368	46	18	the	the	DET
fbem-32368	46	19	impact	impact	NOUN
fbem-32368	46	20	of	of	ADP
fbem-32368	46	21	the	the	DET
fbem-32368	46	22	diversity	diversity	NOUN
fbem-32368	46	23	of	of	ADP
fbem-32368	46	24	board	board	NOUN
fbem-32368	46	25	composition	composition	NOUN
fbem-32368	46	26	on	on	ADP
fbem-32368	46	27	corporate	corporate	ADJ
fbem-32368	46	28	performance	performance	NOUN
fbem-32368	46	29	.	.	PUNCT
fbem-32368	47	1	3	3	X
fbem-32368	47	2	.	.	X
fbem-32368	47	3	research	research	NOUN
fbem-32368	47	4	design	design	PROPN
fbem-32368	47	5	3.1	3.1	NUM
fbem-32368	47	6	.	.	PUNCT
fbem-32368	47	7	sample	sample	NOUN
fbem-32368	47	8	selection	selection	NOUN
fbem-32368	47	9	and	and	CCONJ
fbem-32368	47	10	data	datum	NOUN
fbem-32368	47	11	processing	processing	NOUN
fbem-32368	47	12	considering	consider	VERB
fbem-32368	47	13	data	datum	NOUN
fbem-32368	47	14	availability	availability	NOUN
fbem-32368	47	15	and	and	CCONJ
fbem-32368	47	16	completeness	completeness	NOUN
fbem-32368	47	17	,	,	PUNCT
fbem-32368	47	18	this	this	DET
fbem-32368	47	19	paper	paper	NOUN
fbem-32368	47	20	takes	take	VERB
fbem-32368	47	21	a	a	DET
fbem-32368	47	22	-	-	PUNCT
fbem-32368	47	23	share	share	NOUN
fbem-32368	47	24	listed	list	VERB
fbem-32368	47	25	companies	company	NOUN
fbem-32368	47	26	in	in	ADP
fbem-32368	47	27	china	china	PROPN
fbem-32368	47	28	as	as	ADP
fbem-32368	47	29	the	the	DET
fbem-32368	47	30	research	research	NOUN
fbem-32368	47	31	sample	sample	NOUN
fbem-32368	47	32	,	,	PUNCT
fbem-32368	47	33	with	with	ADP
fbem-32368	47	34	the	the	DET
fbem-32368	47	35	observation	observation	NOUN
fbem-32368	47	36	period	period	NOUN
fbem-32368	47	37	set	set	VERB
fbem-32368	47	38	from	from	ADP
fbem-32368	47	39	2012	2012	NUM
fbem-32368	47	40	to	to	ADP
fbem-32368	47	41	2022	2022	NUM
fbem-32368	47	42	.	.	PUNCT
fbem-32368	48	1	to	to	PART
fbem-32368	48	2	ensure	ensure	VERB
fbem-32368	48	3	the	the	DET
fbem-32368	48	4	uniformity	uniformity	NOUN
fbem-32368	48	5	and	and	CCONJ
fbem-32368	48	6	reliability	reliability	NOUN
fbem-32368	48	7	of	of	ADP
fbem-32368	48	8	the	the	DET
fbem-32368	48	9	data	datum	NOUN
fbem-32368	48	10	,	,	PUNCT
fbem-32368	48	11	companies	company	NOUN
fbem-32368	48	12	were	be	AUX
fbem-32368	48	13	manually	manually	ADV
fbem-32368	48	14	screened	screen	VERB
fbem-32368	48	15	and	and	CCONJ
fbem-32368	48	16	excluded	exclude	VERB
fbem-32368	48	17	,	,	PUNCT
fbem-32368	48	18	including	include	VERB
fbem-32368	48	19	st	st	PROPN
fbem-32368	48	20	companies	company	NOUN
fbem-32368	48	21	with	with	ADP
fbem-32368	48	22	abnormal	abnormal	ADJ
fbem-32368	48	23	financial	financial	ADJ
fbem-32368	48	24	data	datum	NOUN
fbem-32368	48	25	,	,	PUNCT
fbem-32368	48	26	financial	financial	ADJ
fbem-32368	48	27	and	and	CCONJ
fbem-32368	48	28	insurance	insurance	NOUN
fbem-32368	48	29	companies	company	NOUN
fbem-32368	48	30	,	,	PUNCT
fbem-32368	48	31	and	and	CCONJ
fbem-32368	48	32	those	those	PRON
fbem-32368	48	33	with	with	ADP
fbem-32368	48	34	incomplete	incomplete	ADJ
fbem-32368	48	35	data	datum	NOUN
fbem-32368	48	36	during	during	ADP
fbem-32368	48	37	the	the	DET
fbem-32368	48	38	selected	select	VERB
fbem-32368	48	39	period	period	NOUN
fbem-32368	48	40	.	.	PUNCT
fbem-32368	49	1	ultimately	ultimately	ADV
fbem-32368	49	2	,	,	PUNCT
fbem-32368	49	3	1,353	1,353	NUM
fbem-32368	49	4	observations	observation	NOUN
fbem-32368	49	5	from	from	ADP
fbem-32368	49	6	123	123	NUM
fbem-32368	49	7	companies	company	NOUN
fbem-32368	49	8	were	be	AUX
fbem-32368	49	9	obtained	obtain	VERB
fbem-32368	49	10	for	for	ADP
fbem-32368	49	11	testing	testing	NOUN
fbem-32368	49	12	in	in	ADP
fbem-32368	49	13	the	the	DET
fbem-32368	49	14	empiric	empiric	ADJ
fbem-32368	49	15	al	al	PROPN
fbem-32368	49	16	model	model	NOUN
fbem-32368	49	17	.	.	PUNCT
fbem-32368	50	1	most	most	ADJ
fbem-32368	50	2	of	of	ADP
fbem-32368	50	3	the	the	DET
fbem-32368	50	4	data	datum	NOUN
fbem-32368	50	5	used	use	VERB
fbem-32368	50	6	in	in	ADP
fbem-32368	50	7	this	this	DET
fbem-32368	50	8	paper	paper	NOUN
fbem-32368	50	9	were	be	AUX
fbem-32368	50	10	sourced	source	VERB
fbem-32368	50	11	from	from	ADP
fbem-32368	50	12	the	the	DET
fbem-32368	50	13	csmar	csmar	PROPN
fbem-32368	50	14	database	database	NOUN
fbem-32368	50	15	and	and	CCONJ
fbem-32368	50	16	wind	wind	NOUN
fbem-32368	50	17	database	database	NOUN
fbem-32368	50	18	,	,	PUNCT
fbem-32368	50	19	and	and	CCONJ
fbem-32368	50	20	the	the	DET
fbem-32368	50	21	main	main	ADJ
fbem-32368	50	22	empirical	empirical	ADJ
fbem-32368	50	23	research	research	NOUN
fbem-32368	50	24	tools	tool	NOUN
fbem-32368	50	25	employed	employ	VERB
fbem-32368	50	26	were	be	AUX
fbem-32368	50	27	excel	excel	NOUN
fbem-32368	50	28	and	and	CCONJ
fbem-32368	50	29	stata	stata	NOUN
fbem-32368	50	30	.	.	PUNCT
fbem-32368	51	1	3.2	3.2	NUM
fbem-32368	51	2	.	.	PUNCT
fbem-32368	52	1	variable	variable	ADJ
fbem-32368	52	2	definition	definition	NOUN
fbem-32368	52	3	3.2.1	3.2.1	NUM
fbem-32368	52	4	.	.	PUNCT
fbem-32368	52	5	explained	explain	VERB
fbem-32368	52	6	variable	variable	ADJ
fbem-32368	52	7	return	return	NOUN
fbem-32368	52	8	on	on	ADP
fbem-32368	52	9	assets	asset	NOUN
fbem-32368	52	10	(	(	PUNCT
fbem-32368	52	11	roa	roa	NOUN
fbem-32368	52	12	)	)	PUNCT
fbem-32368	52	13	is	be	AUX
fbem-32368	52	14	a	a	DET
fbem-32368	52	15	key	key	ADJ
fbem-32368	52	16	indicator	indicator	NOUN
fbem-32368	52	17	for	for	ADP
fbem-32368	52	18	measuring	measure	VERB
fbem-32368	52	19	the	the	DET
fbem-32368	52	20	profitability	profitability	NOUN
fbem-32368	52	21	of	of	ADP
fbem-32368	52	22	listed	list	VERB
fbem-32368	52	23	companies	company	NOUN
fbem-32368	52	24	.	.	PUNCT
fbem-32368	53	1	it	it	PRON
fbem-32368	53	2	is	be	AUX
fbem-32368	53	3	closely	closely	ADV
fbem-32368	53	4	related	relate	VERB
fbem-32368	53	5	to	to	ADP
fbem-32368	53	6	a	a	DET
fbem-32368	53	7	company	company	NOUN
fbem-32368	53	8	’s	’s	PART
fbem-32368	53	9	profitability	profitability	NOUN
fbem-32368	53	10	and	and	CCONJ
fbem-32368	53	11	asset	asset	NOUN
fbem-32368	53	12	management	management	NOUN
fbem-32368	53	13	efficiency	efficiency	NOUN
fbem-32368	53	14	,	,	PUNCT
fbem-32368	53	15	and	and	CCONJ
fbem-32368	53	16	reflects	reflect	VERB
fbem-32368	53	17	a	a	DET
fbem-32368	53	18	company	company	NOUN
fbem-32368	53	19	’s	’s	PART
fbem-32368	53	20	efficiency	efficiency	NOUN
fbem-32368	53	21	in	in	ADP
fbem-32368	53	22	generating	generate	VERB
fbem-32368	53	23	net	net	ADJ
fbem-32368	53	24	profits	profit	NOUN
fbem-32368	53	25	using	use	VERB
fbem-32368	53	26	its	its	PRON
fbem-32368	53	27	assets	asset	NOUN
fbem-32368	53	28	.	.	PUNCT
fbem-32368	54	1	the	the	PRON
fbem-32368	54	2	higher	high	ADJ
fbem-32368	54	3	the	the	DET
fbem-32368	54	4	roa	roa	NOUN
fbem-32368	54	5	,	,	PUNCT
fbem-32368	54	6	the	the	PRON
fbem-32368	54	7	stronger	strong	ADJ
fbem-32368	54	8	the	the	DET
fbem-32368	54	9	company	company	NOUN
fbem-32368	54	10	’s	’s	PART
fbem-32368	54	11	profitability	profitability	NOUN
fbem-32368	54	12	and	and	CCONJ
fbem-32368	54	13	the	the	PRON
fbem-32368	54	14	higher	high	ADJ
fbem-32368	54	15	the	the	DET
fbem-32368	54	16	returns	return	NOUN
fbem-32368	54	17	from	from	ADP
fbem-32368	54	18	investments	investment	NOUN
fbem-32368	54	19	.	.	PUNCT
fbem-32368	55	1	in	in	ADP
fbem-32368	55	2	practical	practical	ADJ
fbem-32368	55	3	application	application	NOUN
fbem-32368	55	4	,	,	PUNCT
fbem-32368	55	5	roa	roa	PROPN
fbem-32368	55	6	can	can	AUX
fbem-32368	55	7	be	be	AUX
fbem-32368	55	8	used	use	VERB
fbem-32368	55	9	to	to	PART
fbem-32368	55	10	evaluate	evaluate	VERB
fbem-32368	55	11	a	a	DET
fbem-32368	55	12	company	company	NOUN
fbem-32368	55	13	’s	’s	PART
fbem-32368	55	14	profitability	profitability	NOUN
fbem-32368	55	15	,	,	PUNCT
fbem-32368	55	16	compare	compare	VERB
fbem-32368	55	17	the	the	DET
fbem-32368	55	18	operational	operational	ADJ
fbem-32368	55	19	efficiency	efficiency	NOUN
fbem-32368	55	20	of	of	ADP
fbem-32368	55	21	companies	company	NOUN
fbem-32368	55	22	in	in	ADP
fbem-32368	55	23	the	the	DET
fbem-32368	55	24	same	same	ADJ
fbem-32368	55	25	industry	industry	NOUN
fbem-32368	55	26	,	,	PUNCT
fbem-32368	55	27	measure	measure	VERB
fbem-32368	55	28	a	a	DET
fbem-32368	55	29	company	company	NOUN
fbem-32368	55	30	’s	’s	PART
fbem-32368	55	31	growth	growth	NOUN
fbem-32368	55	32	potential	potential	NOUN
fbem-32368	55	33	,	,	PUNCT
fbem-32368	55	34	and	and	CCONJ
fbem-32368	55	35	assess	assess	VERB
fbem-32368	55	36	the	the	DET
fbem-32368	55	37	performance	performance	NOUN
fbem-32368	55	38	of	of	ADP
fbem-32368	55	39	management	management	NOUN
fbem-32368	55	40	.	.	PUNCT
fbem-32368	56	1	this	this	DET
fbem-32368	56	2	paper	paper	NOUN
fbem-32368	56	3	selects	select	NOUN
fbem-32368	56	4	return	return	VERB
fbem-32368	56	5	on	on	ADP
fbem-32368	56	6	assets	asset	NOUN
fbem-32368	56	7	(	(	PUNCT
fbem-32368	56	8	roa	roa	NOUN
fbem-32368	56	9	)	)	PUNCT
fbem-32368	56	10	as	as	ADP
fbem-32368	56	11	the	the	DET
fbem-32368	56	12	proxy	proxy	ADJ
fbem-32368	56	13	variable	variable	NOUN
fbem-32368	56	14	for	for	ADP
fbem-32368	56	15	measuring	measure	VERB
fbem-32368	56	16	the	the	DET
fbem-32368	56	17	corporate	corporate	ADJ
fbem-32368	56	18	performance	performance	NOUN
fbem-32368	56	19	of	of	ADP
fbem-32368	56	20	listed	list	VERB
fbem-32368	56	21	companies	company	NOUN
fbem-32368	56	22	,	,	PUNCT
fbem-32368	56	23	so	so	SCONJ
fbem-32368	56	24	as	as	SCONJ
fbem-32368	56	25	to	to	PART
fbem-32368	56	26	determine	determine	VERB
fbem-32368	56	27	corporate	corporate	ADJ
fbem-32368	56	28	performance	performance	NOUN
fbem-32368	56	29	by	by	ADP
fbem-32368	56	30	measuring	measure	VERB
fbem-32368	56	31	a	a	DET
fbem-32368	56	32	company	company	NOUN
fbem-32368	56	33	’s	’s	PART
fbem-32368	56	34	profitability	profitability	NOUN
fbem-32368	56	35	.	.	PUNCT
fbem-32368	57	1	3.2.2	3.2.2	NUM
fbem-32368	57	2	.	.	PUNCT
fbem-32368	58	1	explanatory	explanatory	ADJ
fbem-32368	58	2	variable	variable	ADJ
fbem-32368	58	3	previous	previous	ADJ
fbem-32368	58	4	studies	study	NOUN
fbem-32368	58	5	on	on	ADP
fbem-32368	58	6	top	top	ADJ
fbem-32368	58	7	management	management	NOUN
fbem-32368	58	8	team	team	NOUN
fbem-32368	58	9	characteristics	characteristic	NOUN
fbem-32368	58	10	have	have	AUX
fbem-32368	58	11	mostly	mostly	ADV
fbem-32368	58	12	focused	focus	VERB
fbem-32368	58	13	on	on	ADP
fbem-32368	58	14	age	age	NOUN
fbem-32368	58	15	,	,	PUNCT
fbem-32368	58	16	educational	educational	ADJ
fbem-32368	58	17	background	background	NOUN
fbem-32368	58	18	,	,	PUNCT
fbem-32368	58	19	gender	gender	NOUN
fbem-32368	58	20	,	,	PUNCT
fbem-32368	58	21	and	and	CCONJ
fbem-32368	58	22	functional	functional	ADJ
fbem-32368	58	23	background	background	NOUN
fbem-32368	58	24	.	.	PUNCT
fbem-32368	59	1	therefore	therefore	ADV
fbem-32368	59	2	,	,	PUNCT
fbem-32368	59	3	this	this	DET
fbem-32368	59	4	paper	paper	NOUN
fbem-32368	59	5	selects	select	VERB
fbem-32368	59	6	age	age	NOUN
fbem-32368	59	7	,	,	PUNCT
fbem-32368	59	8	gender	gender	NOUN
fbem-32368	59	9	,	,	PUNCT
fbem-32368	59	10	board	board	NOUN
fbem-32368	59	11	members	member	NOUN
fbem-32368	59	12	'	'	PART
fbem-32368	59	13	concurrent	concurrent	ADJ
fbem-32368	59	14	positions	position	NOUN
fbem-32368	59	15	in	in	ADP
fbem-32368	59	16	other	other	ADJ
fbem-32368	59	17	enterprises	enterprise	NOUN
fbem-32368	59	18	,	,	PUNCT
fbem-32368	59	19	educational	educational	ADJ
fbem-32368	59	20	background	background	NOUN
fbem-32368	59	21	,	,	PUNCT
fbem-32368	59	22	financial	financial	ADJ
fbem-32368	59	23	background	background	NOUN
fbem-32368	59	24	,	,	PUNCT
fbem-32368	59	25	overseas	overseas	ADJ
fbem-32368	59	26	background	background	NOUN
fbem-32368	59	27	,	,	PUNCT
fbem-32368	59	28	and	and	CCONJ
fbem-32368	59	29	academic	academic	ADJ
fbem-32368	59	30	background	background	NOUN
fbem-32368	59	31	as	as	ADP
fbem-32368	59	32	indicators	indicator	NOUN
fbem-32368	59	33	for	for	ADP
fbem-32368	59	34	constructing	construct	VERB
fbem-32368	59	35	the	the	DET
fbem-32368	59	36	overall	overall	ADJ
fbem-32368	59	37	diversity	diversity	NOUN
fbem-32368	59	38	of	of	ADP
fbem-32368	59	39	board	board	NOUN
fbem-32368	59	40	members	member	NOUN
fbem-32368	59	41	'	'	PART
fbem-32368	59	42	characteristics	characteristic	NOUN
fbem-32368	59	43	,	,	PUNCT
fbem-32368	59	44	with	with	SCONJ
fbem-32368	59	45	each	each	DET
fbem-32368	59	46	indicator	indicator	NOUN
fbem-32368	59	47	summed	sum	VERB
fbem-32368	59	48	up	up	ADP
fbem-32368	59	49	with	with	ADP
fbem-32368	59	50	equal	equal	ADJ
fbem-32368	59	51	weights	weight	NOUN
fbem-32368	59	52	.	.	PUNCT
fbem-32368	60	1	among	among	ADP
fbem-32368	60	2	these	these	PRON
fbem-32368	60	3	,	,	PUNCT
fbem-32368	60	4	educational	educational	ADJ
fbem-32368	60	5	background	background	NOUN
fbem-32368	60	6	,	,	PUNCT
fbem-32368	60	7	financial	financial	ADJ
fbem-32368	60	8	background	background	NOUN
fbem-32368	60	9	,	,	PUNCT
fbem-32368	60	10	overseas	overseas	ADJ
fbem-32368	60	11	background	background	NOUN
fbem-32368	60	12	,	,	PUNCT
fbem-32368	60	13	and	and	CCONJ
fbem-32368	60	14	academic	academic	ADJ
fbem-32368	60	15	background	background	NOUN
fbem-32368	60	16	are	be	AUX
fbem-32368	60	17	constructed	construct	VERB
fbem-32368	60	18	with	with	ADP
fbem-32368	60	19	reference	reference	NOUN
fbem-32368	60	20	to	to	ADP
fbem-32368	60	21	the	the	DET
fbem-32368	60	22	blau	blau	PROPN
fbem-32368	60	23	index	index	NOUN
fbem-32368	60	24	,	,	PUNCT
fbem-32368	60	25	which	which	PRON
fbem-32368	60	26	avoids	avoid	VERB
fbem-32368	60	27	an	an	DET
fbem-32368	60	28	excessive	excessive	ADJ
fbem-32368	60	29	proportion	proportion	NOUN
fbem-32368	60	30	caused	cause	VERB
fbem-32368	60	31	by	by	ADP
fbem-32368	60	32	an	an	DET
fbem-32368	60	33	overrepresentation	overrepresentation	NOUN
fbem-32368	60	34	of	of	ADP
fbem-32368	60	35	a	a	DET
fbem-32368	60	36	certain	certain	ADJ
fbem-32368	60	37	group	group	NOUN
fbem-32368	60	38	under	under	ADP
fbem-32368	60	39	the	the	DET
fbem-32368	60	40	same	same	ADJ
fbem-32368	60	41	characteristic	characteristic	NOUN
fbem-32368	60	42	.	.	PUNCT
fbem-32368	61	1	the	the	DET
fbem-32368	61	2	classification	classification	NOUN
fbem-32368	61	3	criteria	criterion	NOUN
fbem-32368	61	4	for	for	ADP
fbem-32368	61	5	each	each	DET
fbem-32368	61	6	type	type	NOUN
fbem-32368	61	7	of	of	ADP
fbem-32368	61	8	background	background	NOUN
fbem-32368	61	9	are	be	AUX
fbem-32368	61	10	based	base	VERB
fbem-32368	61	11	on	on	ADP
fbem-32368	61	12	the	the	DET
fbem-32368	61	13	definitions	definition	NOUN
fbem-32368	61	14	in	in	ADP
fbem-32368	61	15	the	the	DET
fbem-32368	61	16	csmar	csmar	PROPN
fbem-32368	61	17	database	database	NOUN
fbem-32368	61	18	.	.	PUNCT
fbem-32368	62	1	the	the	DET
fbem-32368	62	2	formula	formula	NOUN
fbem-32368	62	3	for	for	ADP
fbem-32368	62	4	the	the	DET
fbem-32368	62	5	blau	blau	PROPN
fbem-32368	62	6	index	index	NOUN
fbem-32368	62	7	is	be	AUX
fbem-32368	62	8	expressed	express	VERB
fbem-32368	62	9	as	as	ADP
fbem-32368	62	10	:	:	PUNCT
fbem-32368	62	11	𝐵𝑙𝑎𝑢	𝐵𝑙𝑎𝑢	PROPN
fbem-32368	62	12	=	=	PROPN
fbem-32368	62	13	1	1	NUM
fbem-32368	62	14	−	−	NOUN
fbem-32368	62	15	∑	∑	PUNCT
fbem-32368	62	16	𝑃𝑖	𝑃𝑖	ADP
fbem-32368	62	17	2	2	NUM
fbem-32368	62	18	𝑃𝑖	𝑃𝑖	ADP
fbem-32368	62	19	2	2	NUM
fbem-32368	62	20	represents	represent	VERB
fbem-32368	62	21	the	the	DET
fbem-32368	62	22	proportion	proportion	NOUN
fbem-32368	62	23	of	of	ADP
fbem-32368	62	24	members	member	NOUN
fbem-32368	62	25	in	in	ADP
fbem-32368	62	26	the	the	DET
fbem-32368	62	27	i	i	NOUN
fbem-32368	62	28	-th	-th	NOUN
fbem-32368	62	29	category	category	NOUN
fbem-32368	62	30	among	among	ADP
fbem-32368	62	31	the	the	DET
fbem-32368	62	32	total	total	ADJ
fbem-32368	62	33	number	number	NOUN
fbem-32368	62	34	of	of	ADP
fbem-32368	62	35	board	board	NOUN
fbem-32368	62	36	members	member	NOUN
fbem-32368	62	37	of	of	ADP
fbem-32368	62	38	the	the	DET
fbem-32368	62	39	enterprise	enterprise	NOUN
fbem-32368	62	40	.	.	PUNCT
fbem-32368	63	1	the	the	DET
fbem-32368	63	2	value	value	NOUN
fbem-32368	63	3	of	of	ADP
fbem-32368	63	4	blau	blau	PROPN
fbem-32368	63	5	ranges	range	VERB
fbem-32368	63	6	between	between	ADP
fbem-32368	63	7	0	0	NUM
fbem-32368	63	8	and	and	CCONJ
fbem-32368	63	9	1	1	NUM
fbem-32368	63	10	:	:	PUNCT
fbem-32368	63	11	the	the	PRON
fbem-32368	63	12	closer	close	ADJ
fbem-32368	63	13	the	the	DET
fbem-32368	63	14	value	value	NOUN
fbem-32368	63	15	is	be	AUX
fbem-32368	63	16	to	to	ADP
fbem-32368	63	17	1	1	NUM
fbem-32368	63	18	,	,	PUNCT
fbem-32368	63	19	the	the	PRON
fbem-32368	63	20	higher	high	ADJ
fbem-32368	63	21	the	the	DET
fbem-32368	63	22	degree	degree	NOUN
fbem-32368	63	23	of	of	ADP
fbem-32368	63	24	diversity	diversity	NOUN
fbem-32368	63	25	of	of	ADP
fbem-32368	63	26	the	the	DET
fbem-32368	63	27	board	board	NOUN
fbem-32368	63	28	composition	composition	NOUN
fbem-32368	63	29	in	in	ADP
fbem-32368	63	30	terms	term	NOUN
fbem-32368	63	31	of	of	ADP
fbem-32368	63	32	this	this	DET
fbem-32368	63	33	characteristic	characteristic	NOUN
fbem-32368	63	34	;	;	PUNCT
fbem-32368	63	35	the	the	PRON
fbem-32368	63	36	closer	close	ADV
fbem-32368	63	37	the	the	DET
fbem-32368	63	38	value	value	NOUN
fbem-32368	63	39	is	be	AUX
fbem-32368	63	40	to	to	ADP
fbem-32368	63	41	0	0	NUM
fbem-32368	63	42	,	,	PUNCT
fbem-32368	63	43	the	the	PRON
fbem-32368	63	44	lower	low	ADJ
fbem-32368	63	45	the	the	DET
fbem-32368	63	46	degree	degree	NOUN
fbem-32368	63	47	of	of	ADP
fbem-32368	63	48	diversity	diversity	NOUN
fbem-32368	63	49	of	of	ADP
fbem-32368	63	50	the	the	DET
fbem-32368	63	51	board	board	NOUN
fbem-32368	63	52	composition	composition	NOUN
fbem-32368	63	53	in	in	ADP
fbem-32368	63	54	terms	term	NOUN
fbem-32368	63	55	of	of	ADP
fbem-32368	63	56	this	this	DET
fbem-32368	63	57	characteristic	characteristic	NOUN
fbem-32368	63	58	.	.	PUNCT
fbem-32368	64	1	each	each	DET
fbem-32368	64	2	indicator	indicator	NOUN
fbem-32368	64	3	is	be	AUX
fbem-32368	64	4	summed	sum	VERB
fbem-32368	64	5	up	up	ADP
fbem-32368	64	6	with	with	ADP
fbem-32368	64	7	equal	equal	ADJ
fbem-32368	64	8	weights	weight	NOUN
fbem-32368	64	9	to	to	PART
fbem-32368	64	10	obtain	obtain	VERB
fbem-32368	64	11	the	the	DET
fbem-32368	64	12	overall	overall	ADJ
fbem-32368	64	13	diversity	diversity	NOUN
fbem-32368	64	14	composition	composition	NOUN
fbem-32368	64	15	index	index	NOUN
fbem-32368	64	16	:	:	PUNCT
fbem-32368	65	1	𝐵𝑜𝑎𝑟𝑑	𝐵𝑜𝑎𝑟𝑑	NOUN
fbem-32368	65	2	=	=	PUNCT
fbem-32368	66	1	𝐴𝑔𝑒	𝐴𝑔𝑒	PROPN
fbem-32368	66	2	+	+	CCONJ
fbem-32368	66	3	𝐺𝑒𝑛𝑑𝑒𝑟	𝐺𝑒𝑛𝑑𝑒𝑟	PROPN
fbem-32368	66	4	+	+	CCONJ
fbem-32368	66	5	𝐷𝑛𝑢𝑚𝑏𝑒𝑟	𝐷𝑛𝑢𝑚𝑏𝑒𝑟	PROPN
fbem-32368	66	6	+	+	CCONJ
fbem-32368	66	7	𝐷𝑒𝑔𝑟𝑒𝑒	𝐷𝑒𝑔𝑟𝑒𝑒	PROPN
fbem-32368	66	8	+	+	CCONJ
fbem-32368	66	9	𝑂𝑣𝑒𝑟𝑠𝑒𝑎	𝑂𝑣𝑒𝑟𝑠𝑒𝑎	PROPN
fbem-32368	66	10	+	+	CCONJ
fbem-32368	66	11	𝐴𝑐𝑎	𝐴𝑐𝑎	PROPN
fbem-32368	66	12	+	+	CCONJ
fbem-32368	66	13	𝐹𝑖𝑛	𝐹𝑖𝑛	PROPN
fbem-32368	66	14	3.2.3	3.2.3	NUM
fbem-32368	66	15	.	.	PUNCT
fbem-32368	67	1	control	control	NOUN
fbem-32368	67	2	variable	variable	ADJ
fbem-32368	67	3	drawing	draw	VERB
fbem-32368	67	4	on	on	ADP
fbem-32368	67	5	previous	previous	ADJ
fbem-32368	67	6	studies	study	NOUN
fbem-32368	67	7	,	,	PUNCT
fbem-32368	67	8	the	the	DET
fbem-32368	67	9	following	follow	VERB
fbem-32368	67	10	firm	firm	ADJ
fbem-32368	67	11	-	-	PUNCT
fbem-32368	67	12	level	level	NOUN
fbem-32368	67	13	control	control	NOUN
fbem-32368	67	14	variables	variable	NOUN
fbem-32368	67	15	are	be	AUX
fbem-32368	67	16	selected	select	VERB
fbem-32368	67	17	:	:	PUNCT
fbem-32368	67	18	firm	firm	ADJ
fbem-32368	67	19	age	age	NOUN
fbem-32368	67	20	(	(	PUNCT
fbem-32368	67	21	bage	bage	NOUN
fbem-32368	67	22	)	)	PUNCT
fbem-32368	67	23	,	,	PUNCT
fbem-32368	67	24	firm	firm	ADJ
fbem-32368	67	25	market	market	NOUN
fbem-32368	67	26	capitalization	capitalization	NOUN
fbem-32368	67	27	(	(	PUNCT
fbem-32368	67	28	cap	cap	NOUN
fbem-32368	67	29	)	)	PUNCT
fbem-32368	67	30	,	,	PUNCT
fbem-32368	67	31	asset	asset	NOUN
fbem-32368	67	32	-	-	PUNCT
fbem-32368	67	33	liability	liability	NOUN
fbem-32368	67	34	ratio	ratio	NOUN
fbem-32368	67	35	(	(	PUNCT
fbem-32368	67	36	lev	lev	NOUN
fbem-32368	67	37	)	)	PUNCT
fbem-32368	67	38	,	,	PUNCT
fbem-32368	67	39	ownership	ownership	NOUN
fbem-32368	67	40	structure	structure	NOUN
fbem-32368	67	41	(	(	PUNCT
fbem-32368	67	42	share	share	NOUN
fbem-32368	67	43	)	)	PUNCT
fbem-32368	67	44	,	,	PUNCT
fbem-32368	67	45	and	and	CCONJ
fbem-32368	67	46	management	management	NOUN
fbem-32368	67	47	expense	expense	NOUN
fbem-32368	67	48	ratio	ratio	NOUN
fbem-32368	67	49	(	(	PUNCT
fbem-32368	67	50	mer	mer	NOUN
fbem-32368	67	51	)	)	PUNCT
fbem-32368	67	52	.	.	PUNCT
fbem-32368	68	1	detailed	detailed	ADJ
fbem-32368	68	2	definitions	definition	NOUN
fbem-32368	68	3	of	of	ADP
fbem-32368	68	4	each	each	DET
fbem-32368	68	5	variable	variable	NOUN
fbem-32368	68	6	are	be	AUX
fbem-32368	68	7	shown	show	VERB
fbem-32368	68	8	in	in	ADP
fbem-32368	68	9	table	table	NOUN
fbem-32368	68	10	1	1	NUM
fbem-32368	68	11	:	:	SYM
fbem-32368	68	12	166	166	NUM
fbem-32368	68	13	table	table	NOUN
fbem-32368	68	14	1	1	NUM
fbem-32368	68	15	.	.	PUNCT
fbem-32368	69	1	definitions	definition	NOUN
fbem-32368	69	2	of	of	ADP
fbem-32368	69	3	variable	variable	ADJ
fbem-32368	69	4	indicators	indicator	NOUN
fbem-32368	69	5	variable	variable	ADJ
fbem-32368	69	6	type	type	NOUN
fbem-32368	69	7	variable	variable	ADJ
fbem-32368	69	8	name	name	NOUN
fbem-32368	69	9	variable	variable	ADJ
fbem-32368	69	10	symbol	symbol	NOUN
fbem-32368	69	11	description	description	NOUN
fbem-32368	69	12	explained	explain	VERB
fbem-32368	69	13	variable	variable	ADJ
fbem-32368	69	14	return	return	NOUN
fbem-32368	69	15	on	on	ADP
fbem-32368	69	16	assets	asset	NOUN
fbem-32368	69	17	roa	roa	PROPN
fbem-32368	69	18	net	net	ADJ
fbem-32368	69	19	profit	profit	NOUN
fbem-32368	69	20	/	/	SYM
fbem-32368	69	21	average	average	ADJ
fbem-32368	69	22	total	total	ADJ
fbem-32368	69	23	assets	asset	NOUN
fbem-32368	69	24	explanatory	explanatory	ADJ
fbem-32368	69	25	variable	variable	ADJ
fbem-32368	69	26	characteristics	characteristic	NOUN
fbem-32368	69	27	of	of	ADP
fbem-32368	69	28	board	board	NOUN
fbem-32368	69	29	members	member	NOUN
fbem-32368	69	30	age	age	NOUN
fbem-32368	69	31	age	age	NOUN
fbem-32368	69	32	standard	standard	ADJ
fbem-32368	69	33	deviation	deviation	NOUN
fbem-32368	69	34	of	of	ADP
fbem-32368	69	35	ages	age	NOUN
fbem-32368	69	36	of	of	ADP
fbem-32368	69	37	board	board	NOUN
fbem-32368	69	38	members	member	NOUN
fbem-32368	69	39	gender	gender	NOUN
fbem-32368	69	40	gender	gender	NOUN
fbem-32368	69	41	proportion	proportion	NOUN
fbem-32368	69	42	of	of	ADP
fbem-32368	69	43	female	female	ADJ
fbem-32368	69	44	board	board	NOUN
fbem-32368	69	45	members	member	NOUN
fbem-32368	69	46	board	board	NOUN
fbem-32368	69	47	members	member	NOUN
fbem-32368	69	48	'	'	PART
fbem-32368	69	49	concurrent	concurrent	ADJ
fbem-32368	69	50	positions	position	NOUN
fbem-32368	69	51	in	in	ADP
fbem-32368	69	52	other	other	ADJ
fbem-32368	69	53	enterprises	enterprise	NOUN
fbem-32368	69	54	dnumber	dnumber	VERB
fbem-32368	69	55	average	average	ADJ
fbem-32368	69	56	number	number	NOUN
fbem-32368	69	57	of	of	ADP
fbem-32368	69	58	concurrent	concurrent	ADJ
fbem-32368	69	59	positions	position	NOUN
fbem-32368	69	60	held	hold	VERB
fbem-32368	69	61	by	by	ADP
fbem-32368	69	62	board	board	NOUN
fbem-32368	69	63	members	member	NOUN
fbem-32368	69	64	in	in	ADP
fbem-32368	69	65	other	other	ADJ
fbem-32368	69	66	enterprises	enterprise	NOUN
fbem-32368	69	67	educational	educational	ADJ
fbem-32368	69	68	background	background	NOUN
fbem-32368	69	69	degree	degree	NOUN
fbem-32368	69	70	1	1	NUM
fbem-32368	69	71	=	=	SYM
fbem-32368	69	72	secondary	secondary	ADJ
fbem-32368	69	73	technical	technical	ADJ
fbem-32368	69	74	school	school	NOUN
fbem-32368	69	75	or	or	CCONJ
fbem-32368	69	76	below	below	ADV
fbem-32368	69	77	;	;	PUNCT
fbem-32368	69	78	2	2	NUM
fbem-32368	69	79	=	=	SYM
fbem-32368	69	80	junior	junior	ADJ
fbem-32368	69	81	college	college	NOUN
fbem-32368	69	82	;	;	PUNCT
fbem-32368	69	83	3	3	NUM
fbem-32368	69	84	=	=	SYM
fbem-32368	69	85	bachelor	bachelor	NOUN
fbem-32368	69	86	's	's	PART
fbem-32368	69	87	degree	degree	NOUN
fbem-32368	69	88	;	;	PUNCT
fbem-32368	69	89	4	4	NUM
fbem-32368	69	90	=	=	SYM
fbem-32368	69	91	master	master	NOUN
fbem-32368	69	92	's	's	PART
fbem-32368	69	93	degree	degree	NOUN
fbem-32368	69	94	;	;	PUNCT
fbem-32368	69	95	5	5	NUM
fbem-32368	69	96	=	=	SYM
fbem-32368	69	97	doctoral	doctoral	ADJ
fbem-32368	69	98	degree	degree	NOUN
fbem-32368	69	99	;	;	PUNCT
fbem-32368	69	100	6	6	NUM
fbem-32368	69	101	=	=	NOUN
fbem-32368	69	102	others	other	NOUN
fbem-32368	69	103	(	(	PUNCT
fbem-32368	69	104	academic	academic	ADJ
fbem-32368	69	105	qualifications	qualification	NOUN
fbem-32368	69	106	published	publish	VERB
fbem-32368	69	107	in	in	ADP
fbem-32368	69	108	other	other	ADJ
fbem-32368	69	109	forms	form	NOUN
fbem-32368	69	110	,	,	PUNCT
fbem-32368	69	111	such	such	ADJ
fbem-32368	69	112	as	as	ADP
fbem-32368	69	113	honorary	honorary	ADJ
fbem-32368	69	114	doctorate	doctorate	NOUN
fbem-32368	69	115	,	,	PUNCT
fbem-32368	69	116	correspondence	correspondence	NOUN
fbem-32368	69	117	education	education	NOUN
fbem-32368	69	118	,	,	PUNCT
fbem-32368	69	119	etc	etc	X
fbem-32368	69	120	.	.	X
fbem-32368	69	121	)	)	PUNCT
fbem-32368	69	122	;	;	PUNCT
fbem-32368	69	123	7	7	NUM
fbem-32368	69	124	=	=	SYM
fbem-32368	69	125	mba	mba	PROPN
fbem-32368	69	126	/	/	SYM
fbem-32368	69	127	emba	emba	PROPN
fbem-32368	69	128	overseas	overseas	ADJ
fbem-32368	69	129	background	background	NOUN
fbem-32368	69	130	oversea	oversea	PROPN
fbem-32368	69	131	1	1	NUM
fbem-32368	69	132	=	=	NUM
fbem-32368	69	133	overseas	overseas	ADJ
fbem-32368	69	134	work	work	NOUN
fbem-32368	69	135	experience	experience	NOUN
fbem-32368	69	136	;	;	PUNCT
fbem-32368	69	137	2	2	NUM
fbem-32368	69	138	=	=	SYM
fbem-32368	69	139	overseas	overseas	ADJ
fbem-32368	69	140	study	study	NOUN
fbem-32368	69	141	experience	experience	NOUN
fbem-32368	69	142	;	;	PUNCT
fbem-32368	69	143	3	3	NUM
fbem-32368	69	144	=	=	SYM
fbem-32368	69	145	no	no	DET
fbem-32368	69	146	overseas	overseas	ADJ
fbem-32368	69	147	background	background	NOUN
fbem-32368	69	148	academic	academic	ADJ
fbem-32368	69	149	background	background	NOUN
fbem-32368	69	150	aca	aca	NOUN
fbem-32368	69	151	1	1	NUM
fbem-32368	69	152	=	=	SYM
fbem-32368	69	153	teaching	teaching	NOUN
fbem-32368	69	154	in	in	ADP
fbem-32368	69	155	colleges	college	NOUN
fbem-32368	69	156	/	/	SYM
fbem-32368	69	157	universities	university	NOUN
fbem-32368	69	158	;	;	PUNCT
fbem-32368	69	159	2	2	X
fbem-32368	69	160	=	=	SYM
fbem-32368	69	161	working	work	VERB
fbem-32368	69	162	in	in	ADP
fbem-32368	69	163	research	research	NOUN
fbem-32368	69	164	institutions	institution	NOUN
fbem-32368	69	165	;	;	PUNCT
fbem-32368	69	166	3	3	NUM
fbem-32368	69	167	=	=	NUM
fbem-32368	69	168	engaged	engage	VERB
fbem-32368	69	169	in	in	ADP
fbem-32368	69	170	research	research	NOUN
fbem-32368	69	171	in	in	ADP
fbem-32368	69	172	associations	association	NOUN
fbem-32368	69	173	;	;	PUNCT
fbem-32368	69	174	4	4	NUM
fbem-32368	69	175	=	=	SYM
fbem-32368	69	176	no	no	DET
fbem-32368	69	177	academic	academic	ADJ
fbem-32368	69	178	research	research	NOUN
fbem-32368	69	179	background	background	NOUN
fbem-32368	69	180	financial	financial	ADJ
fbem-32368	69	181	background	background	NOUN
fbem-32368	69	182	fin	fin	NOUN
fbem-32368	69	183	1	1	NUM
fbem-32368	69	184	=	=	NOUN
fbem-32368	69	185	regulatory	regulatory	ADJ
fbem-32368	69	186	authorities	authority	NOUN
fbem-32368	69	187	;	;	PUNCT
fbem-32368	69	188	2	2	NUM
fbem-32368	69	189	=	=	NOUN
fbem-32368	69	190	policy	policy	NOUN
fbem-32368	69	191	banks	bank	NOUN
fbem-32368	69	192	;	;	PUNCT
fbem-32368	69	193	3	3	NUM
fbem-32368	69	194	=	=	NOUN
fbem-32368	69	195	commercial	commercial	ADJ
fbem-32368	69	196	banks	bank	NOUN
fbem-32368	69	197	;	;	PUNCT
fbem-32368	69	198	4	4	NUM
fbem-32368	69	199	=	=	NOUN
fbem-32368	69	200	insurance	insurance	NOUN
fbem-32368	69	201	companies	company	NOUN
fbem-32368	69	202	;	;	PUNCT
fbem-32368	69	203	5	5	NUM
fbem-32368	69	204	=	=	NOUN
fbem-32368	69	205	securities	security	NOUN
fbem-32368	69	206	companies	company	NOUN
fbem-32368	69	207	;	;	PUNCT
fbem-32368	69	208	6	6	NUM
fbem-32368	69	209	=	=	NOUN
fbem-32368	69	210	fund	fund	NOUN
fbem-32368	69	211	management	management	NOUN
fbem-32368	69	212	companies	company	NOUN
fbem-32368	69	213	;	;	PUNCT
fbem-32368	69	214	7	7	NUM
fbem-32368	69	215	=	=	NOUN
fbem-32368	69	216	securities	security	NOUN
fbem-32368	69	217	registration	registration	NOUN
fbem-32368	69	218	and	and	CCONJ
fbem-32368	69	219	clearing	clearing	NOUN
fbem-32368	69	220	companies	company	NOUN
fbem-32368	69	221	;	;	PUNCT
fbem-32368	69	222	8	8	NUM
fbem-32368	69	223	=	=	NOUN
fbem-32368	69	224	futures	future	NOUN
fbem-32368	69	225	companies	company	NOUN
fbem-32368	69	226	;	;	PUNCT
fbem-32368	69	227	9	9	NUM
fbem-32368	69	228	=	=	SYM
fbem-32368	69	229	investment	investment	NOUN
fbem-32368	69	230	banks	bank	NOUN
fbem-32368	69	231	;	;	PUNCT
fbem-32368	69	232	10	10	NUM
fbem-32368	69	233	=	=	NOUN
fbem-32368	69	234	trust	trust	NOUN
fbem-32368	69	235	companies	company	NOUN
fbem-32368	69	236	;	;	PUNCT
fbem-32368	69	237	11	11	NUM
fbem-32368	69	238	=	=	NOUN
fbem-32368	69	239	investment	investment	NOUN
fbem-32368	69	240	management	management	NOUN
fbem-32368	69	241	companies	company	NOUN
fbem-32368	69	242	;	;	PUNCT
fbem-32368	69	243	12	12	NUM
fbem-32368	69	244	=	=	NOUN
fbem-32368	69	245	exchanges	exchange	NOUN
fbem-32368	69	246	;	;	PUNCT
fbem-32368	69	247	98	98	NUM
fbem-32368	69	248	=	=	SYM
fbem-32368	69	249	others	other	NOUN
fbem-32368	69	250	;	;	PUNCT
fbem-32368	69	251	99	99	NUM
fbem-32368	69	252	=	=	SYM
fbem-32368	69	253	no	no	DET
fbem-32368	69	254	financial	financial	ADJ
fbem-32368	69	255	background	background	NOUN
fbem-32368	69	256	control	control	PROPN
fbem-32368	69	257	variable	variable	ADJ
fbem-32368	69	258	firm	firm	ADJ
fbem-32368	69	259	age	age	NOUN
fbem-32368	69	260	bage	bage	PROPN
fbem-32368	69	261	natural	natural	ADJ
fbem-32368	69	262	logarithm	logarithm	NOUN
fbem-32368	69	263	of	of	ADP
fbem-32368	69	264	firm	firm	ADJ
fbem-32368	69	265	establishment	establishment	NOUN
fbem-32368	69	266	years	year	NOUN
fbem-32368	69	267	market	market	NOUN
fbem-32368	69	268	capitalization	capitalization	NOUN
fbem-32368	69	269	cap	cap	NOUN
fbem-32368	69	270	natural	natural	ADJ
fbem-32368	69	271	logarithm	logarithm	NOUN
fbem-32368	69	272	of	of	ADP
fbem-32368	69	273	firm	firm	ADJ
fbem-32368	69	274	market	market	NOUN
fbem-32368	69	275	capitalization	capitalization	NOUN
fbem-32368	69	276	asset	asset	NOUN
fbem-32368	69	277	-	-	PUNCT
fbem-32368	69	278	liability	liability	NOUN
fbem-32368	69	279	ratio	ratio	NOUN
fbem-32368	69	280	lev	lev	NOUN
fbem-32368	69	281	total	total	ADJ
fbem-32368	69	282	assets	asset	NOUN
fbem-32368	69	283	/	/	SYM
fbem-32368	69	284	total	total	ADJ
fbem-32368	69	285	liabilities	liability	NOUN
fbem-32368	69	286	ownership	ownership	NOUN
fbem-32368	69	287	structure	structure	NOUN
fbem-32368	69	288	share	share	NOUN
fbem-32368	69	289	shareholding	shareholding	NOUN
fbem-32368	69	290	ratio	ratio	NOUN
fbem-32368	69	291	of	of	ADP
fbem-32368	69	292	the	the	DET
fbem-32368	69	293	largest	large	ADJ
fbem-32368	69	294	shareholder	shareholder	NOUN
fbem-32368	69	295	management	management	NOUN
fbem-32368	69	296	expense	expense	NOUN
fbem-32368	69	297	ratio	ratio	PROPN
fbem-32368	69	298	mer	mer	PROPN
fbem-32368	69	299	management	management	NOUN
fbem-32368	69	300	expenses	expense	NOUN
fbem-32368	69	301	/	/	SYM
fbem-32368	69	302	operating	operate	VERB
fbem-32368	69	303	income	income	NOUN
fbem-32368	69	304	4	4	NUM
fbem-32368	69	305	.	.	PUNCT
fbem-32368	69	306	analysis	analysis	NOUN
fbem-32368	69	307	of	of	ADP
fbem-32368	69	308	the	the	DET
fbem-32368	69	309	relationship	relationship	NOUN
fbem-32368	69	310	between	between	ADP
fbem-32368	69	311	board	board	NOUN
fbem-32368	69	312	composition	composition	NOUN
fbem-32368	69	313	of	of	ADP
fbem-32368	69	314	listed	list	VERB
fbem-32368	69	315	companies	company	NOUN
fbem-32368	69	316	and	and	CCONJ
fbem-32368	69	317	corporate	corporate	ADJ
fbem-32368	69	318	performance	performance	NOUN
fbem-32368	69	319	4.1	4.1	NUM
fbem-32368	69	320	.	.	PUNCT
fbem-32368	70	1	descriptive	descriptive	ADJ
fbem-32368	70	2	statistics	statistic	NOUN
fbem-32368	70	3	after	after	ADP
fbem-32368	70	4	collecting	collect	VERB
fbem-32368	70	5	and	and	CCONJ
fbem-32368	70	6	processing	process	VERB
fbem-32368	70	7	the	the	DET
fbem-32368	70	8	data	datum	NOUN
fbem-32368	70	9	,	,	PUNCT
fbem-32368	70	10	stata	stata	PROPN
fbem-32368	70	11	software	software	NOUN
fbem-32368	70	12	was	be	AUX
fbem-32368	70	13	used	use	VERB
fbem-32368	70	14	for	for	ADP
fbem-32368	70	15	data	datum	NOUN
fbem-32368	70	16	analysis	analysis	NOUN
fbem-32368	70	17	.	.	PUNCT
fbem-32368	71	1	first	first	ADV
fbem-32368	71	2	,	,	PUNCT
fbem-32368	71	3	a	a	DET
fbem-32368	71	4	preliminary	preliminary	ADJ
fbem-32368	71	5	data	data	NOUN
fbem-32368	71	6	observation	observation	NOUN
fbem-32368	71	7	was	be	AUX
fbem-32368	71	8	conducted	conduct	VERB
fbem-32368	71	9	through	through	ADP
fbem-32368	71	10	descriptive	descriptive	ADJ
fbem-32368	71	11	statistical	statistical	ADJ
fbem-32368	71	12	analysis	analysis	NOUN
fbem-32368	71	13	,	,	PUNCT
fbem-32368	71	14	with	with	ADP
fbem-32368	71	15	the	the	DET
fbem-32368	71	16	results	result	NOUN
fbem-32368	71	17	as	as	SCONJ
fbem-32368	71	18	shown	show	VERB
fbem-32368	71	19	in	in	ADP
fbem-32368	71	20	table	table	NOUN
fbem-32368	71	21	2	2	NUM
fbem-32368	71	22	.	.	PUNCT
fbem-32368	72	1	the	the	DET
fbem-32368	72	2	results	result	NOUN
fbem-32368	72	3	indicate	indicate	VERB
fbem-32368	72	4	that	that	SCONJ
fbem-32368	72	5	the	the	DET
fbem-32368	72	6	return	return	NOUN
fbem-32368	72	7	on	on	ADP
fbem-32368	72	8	assets	asset	NOUN
fbem-32368	72	9	(	(	PUNCT
fbem-32368	72	10	roa	roa	NOUN
fbem-32368	72	11	)	)	PUNCT
fbem-32368	72	12	has	have	VERB
fbem-32368	72	13	a	a	DET
fbem-32368	72	14	minimum	minimum	ADJ
fbem-32368	72	15	value	value	NOUN
fbem-32368	72	16	of	of	ADP
fbem-32368	72	17	-1.068	-1.068	PROPN
fbem-32368	72	18	,	,	PUNCT
fbem-32368	72	19	a	a	DET
fbem-32368	72	20	maximum	maximum	ADJ
fbem-32368	72	21	value	value	NOUN
fbem-32368	72	22	of	of	ADP
fbem-32368	72	23	0.257	0.257	NUM
fbem-32368	72	24	,	,	PUNCT
fbem-32368	72	25	and	and	CCONJ
fbem-32368	72	26	a	a	DET
fbem-32368	72	27	mean	mean	ADJ
fbem-32368	72	28	value	value	NOUN
fbem-32368	72	29	of	of	ADP
fbem-32368	72	30	0.037	0.037	NUM
fbem-32368	72	31	,	,	PUNCT
fbem-32368	72	32	suggesting	suggest	VERB
fbem-32368	72	33	significant	significant	ADJ
fbem-32368	72	34	differences	difference	NOUN
fbem-32368	72	35	in	in	ADP
fbem-32368	72	36	roa	roa	NOUN
fbem-32368	72	37	among	among	ADP
fbem-32368	72	38	sample	sample	NOUN
fbem-32368	72	39	enterprises	enterprise	NOUN
fbem-32368	72	40	and	and	CCONJ
fbem-32368	72	41	distinct	distinct	ADJ
fbem-32368	72	42	variations	variation	NOUN
fbem-32368	72	43	in	in	ADP
fbem-32368	72	44	performance	performance	NOUN
fbem-32368	72	45	levels	level	NOUN
fbem-32368	72	46	across	across	ADP
fbem-32368	72	47	different	different	ADJ
fbem-32368	72	48	firms	firm	NOUN
fbem-32368	72	49	.	.	PUNCT
fbem-32368	73	1	the	the	DET
fbem-32368	73	2	standard	standard	ADJ
fbem-32368	73	3	deviation	deviation	NOUN
fbem-32368	73	4	of	of	ADP
fbem-32368	73	5	the	the	DET
fbem-32368	73	6	diversity	diversity	NOUN
fbem-32368	73	7	of	of	ADP
fbem-32368	73	8	board	board	NOUN
fbem-32368	73	9	members	member	NOUN
fbem-32368	73	10	'	'	PART
fbem-32368	73	11	characteristics	characteristic	NOUN
fbem-32368	73	12	is	be	AUX
fbem-32368	73	13	relatively	relatively	ADV
fbem-32368	73	14	large	large	ADJ
fbem-32368	73	15	,	,	PUNCT
fbem-32368	73	16	indicating	indicate	VERB
fbem-32368	73	17	notable	notable	ADJ
fbem-32368	73	18	differences	difference	NOUN
fbem-32368	73	19	in	in	ADP
fbem-32368	73	20	board	board	NOUN
fbem-32368	73	21	composition	composition	NOUN
fbem-32368	73	22	among	among	ADP
fbem-32368	73	23	different	different	ADJ
fbem-32368	73	24	companies	company	NOUN
fbem-32368	73	25	.	.	PUNCT
fbem-32368	74	1	the	the	DET
fbem-32368	74	2	relatively	relatively	ADV
fbem-32368	74	3	large	large	ADJ
fbem-32368	74	4	standard	standard	ADJ
fbem-32368	74	5	deviation	deviation	NOUN
fbem-32368	74	6	of	of	ADP
fbem-32368	74	7	age	age	NOUN
fbem-32368	74	8	reflects	reflect	VERB
fbem-32368	74	9	significant	significant	ADJ
fbem-32368	74	10	variations	variation	NOUN
fbem-32368	74	11	in	in	ADP
fbem-32368	74	12	the	the	DET
fbem-32368	74	13	ages	age	NOUN
fbem-32368	74	14	of	of	ADP
fbem-32368	74	15	directors	director	NOUN
fbem-32368	74	16	among	among	ADP
fbem-32368	74	17	listed	list	VERB
fbem-32368	74	18	enterprises	enterprise	NOUN
fbem-32368	74	19	.	.	PUNCT
fbem-32368	75	1	regarding	regard	VERB
fbem-32368	75	2	the	the	DET
fbem-32368	75	3	number	number	NOUN
fbem-32368	75	4	of	of	ADP
fbem-32368	75	5	concurrent	concurrent	ADJ
fbem-32368	75	6	positions	position	NOUN
fbem-32368	75	7	held	hold	VERB
fbem-32368	75	8	by	by	ADP
fbem-32368	75	9	board	board	NOUN
fbem-32368	75	10	members	member	NOUN
fbem-32368	75	11	in	in	ADP
fbem-32368	75	12	other	other	ADJ
fbem-32368	75	13	enterprises	enterprise	NOUN
fbem-32368	75	14	,	,	PUNCT
fbem-32368	75	15	the	the	DET
fbem-32368	75	16	maximum	maximum	NOUN
fbem-32368	75	17	is	be	AUX
fbem-32368	75	18	19	19	NUM
fbem-32368	75	19	,	,	PUNCT
fbem-32368	75	20	the	the	DET
fbem-32368	75	21	minimum	minimum	NOUN
fbem-32368	75	22	is	be	AUX
fbem-32368	75	23	0	0	NUM
fbem-32368	75	24	,	,	PUNCT
fbem-32368	75	25	with	with	ADP
fbem-32368	75	26	a	a	DET
fbem-32368	75	27	mean	mean	NOUN
fbem-32368	75	28	of	of	ADP
fbem-32368	75	29	1.721	1.721	NUM
fbem-32368	75	30	and	and	CCONJ
fbem-32368	75	31	a	a	DET
fbem-32368	75	32	standard	standard	ADJ
fbem-32368	75	33	deviation	deviation	NOUN
fbem-32368	75	34	of	of	ADP
fbem-32368	75	35	1.65	1.65	NUM
fbem-32368	75	36	—	—	PUNCT
fbem-32368	75	37	showing	show	VERB
fbem-32368	75	38	relatively	relatively	ADV
fbem-32368	75	39	larger	large	ADJ
fbem-32368	75	40	differences	difference	NOUN
fbem-32368	75	41	compared	compare	VERB
fbem-32368	75	42	to	to	ADP
fbem-32368	75	43	other	other	ADJ
fbem-32368	75	44	indicators	indicator	NOUN
fbem-32368	75	45	,	,	PUNCT
fbem-32368	75	46	167	167	NUM
fbem-32368	75	47	which	which	PRON
fbem-32368	75	48	implies	imply	VERB
fbem-32368	75	49	disparities	disparity	NOUN
fbem-32368	75	50	in	in	ADP
fbem-32368	75	51	directors	director	NOUN
fbem-32368	75	52	'	'	PART
fbem-32368	75	53	concurrent	concurrent	ADJ
fbem-32368	75	54	positions	position	NOUN
fbem-32368	75	55	across	across	ADP
fbem-32368	75	56	companies	company	NOUN
fbem-32368	75	57	.	.	PUNCT
fbem-32368	76	1	additionally	additionally	ADV
fbem-32368	76	2	,	,	PUNCT
fbem-32368	76	3	the	the	DET
fbem-32368	76	4	relatively	relatively	ADV
fbem-32368	76	5	large	large	ADJ
fbem-32368	76	6	standard	standard	ADJ
fbem-32368	76	7	deviation	deviation	NOUN
fbem-32368	76	8	of	of	ADP
fbem-32368	76	9	market	market	NOUN
fbem-32368	76	10	capitalization	capitalization	NOUN
fbem-32368	76	11	indicates	indicate	VERB
fbem-32368	76	12	differences	difference	NOUN
fbem-32368	76	13	in	in	ADP
fbem-32368	76	14	scale	scale	NOUN
fbem-32368	76	15	among	among	ADP
fbem-32368	76	16	listed	list	VERB
fbem-32368	76	17	enterprises	enterprise	NOUN
fbem-32368	76	18	.	.	PUNCT
fbem-32368	77	1	table	table	NOUN
fbem-32368	77	2	2	2	NUM
fbem-32368	77	3	.	.	PUNCT
fbem-32368	77	4	descriptive	descriptive	ADJ
fbem-32368	77	5	statistics	statistic	NOUN
fbem-32368	77	6	results	result	VERB
fbem-32368	77	7	variable	variable	ADJ
fbem-32368	77	8	number	number	NOUN
fbem-32368	77	9	of	of	ADP
fbem-32368	77	10	observations	observation	NOUN
fbem-32368	77	11	mean	mean	VERB
fbem-32368	77	12	standard	standard	ADJ
fbem-32368	77	13	deviation	deviation	NOUN
fbem-32368	77	14	minimum	minimum	ADJ
fbem-32368	77	15	maximum	maximum	ADJ
fbem-32368	77	16	roa	roa	NOUN
fbem-32368	77	17	1353	1353	NUM
fbem-32368	77	18	0.037	0.037	NUM
fbem-32368	77	19	0.055	0.055	NUM
fbem-32368	77	20	-1.068	-1.068	NUM
fbem-32368	77	21	0.257	0.257	NUM
fbem-32368	77	22	board	board	NOUN
fbem-32368	77	23	1353	1353	NUM
fbem-32368	77	24	1.520	1.520	NUM
fbem-32368	77	25	0.465	0.465	NUM
fbem-32368	77	26	0.471	0.471	NUM
fbem-32368	77	27	5.134	5.134	NUM
fbem-32368	77	28	age	age	NOUN
fbem-32368	77	29	1353	1353	NUM
fbem-32368	77	30	7.331	7.331	NUM
fbem-32368	77	31	2.450	2.450	NUM
fbem-32368	77	32	1.581	1.581	NUM
fbem-32368	77	33	16.061	16.061	NUM
fbem-32368	77	34	gender	gender	NOUN
fbem-32368	77	35	1353	1353	NUM
fbem-32368	77	36	0.123	0.123	NUM
fbem-32368	77	37	0.118	0.118	NUM
fbem-32368	77	38	0.000	0.000	NUM
fbem-32368	77	39	0.571	0.571	NUM
fbem-32368	77	40	dnumber	dnumber	NOUN
fbem-32368	77	41	1353	1353	NUM
fbem-32368	77	42	1.721	1.721	NUM
fbem-32368	77	43	1.650	1.650	NUM
fbem-32368	77	44	0.000	0.000	NUM
fbem-32368	77	45	19.000	19.000	NUM
fbem-32368	77	46	degree	degree	NOUN
fbem-32368	77	47	1353	1353	NUM
fbem-32368	77	48	0.517	0.517	NUM
fbem-32368	77	49	0.203	0.203	NUM
fbem-32368	77	50	0.000	0.000	NUM
fbem-32368	77	51	0.826	0.826	NUM
fbem-32368	78	1	ovesea	ovesea	ADJ
fbem-32368	78	2	1353	1353	NUM
fbem-32368	78	3	0.206	0.206	NUM
fbem-32368	78	4	0.210	0.210	NUM
fbem-32368	78	5	-0.049	-0.049	PUNCT
fbem-32368	78	6	0.667	0.667	NUM
fbem-32368	78	7	aca	aca	PROPN
fbem-32368	78	8	1353	1353	NUM
fbem-32368	78	9	0.478	0.478	NUM
fbem-32368	78	10	0.191	0.191	NUM
fbem-32368	78	11	0.000	0.000	NUM
fbem-32368	78	12	0.747	0.747	NUM
fbem-32368	78	13	fin	fin	NOUN
fbem-32368	78	14	1353	1353	NUM
fbem-32368	78	15	0.266	0.266	NUM
fbem-32368	78	16	0.238	0.238	NUM
fbem-32368	78	17	0.000	0.000	NUM
fbem-32368	78	18	0.857	0.857	NUM
fbem-32368	78	19	bage	bage	NOUN
fbem-32368	78	20	1353	1353	NUM
fbem-32368	78	21	2.690	2.690	NUM
fbem-32368	78	22	0.418	0.418	NUM
fbem-32368	78	23	0.693	0.693	NUM
fbem-32368	78	24	3.664	3.664	NUM
fbem-32368	78	25	cap	cap	NOUN
fbem-32368	78	26	1353	1353	NUM
fbem-32368	78	27	5.603	5.603	NUM
fbem-32368	78	28	1.530	1.530	NUM
fbem-32368	78	29	2.731	2.731	NUM
fbem-32368	78	30	10.306	10.306	NUM
fbem-32368	78	31	lev	lev	NOUN
fbem-32368	78	32	1353	1353	NUM
fbem-32368	78	33	0.462	0.462	NUM
fbem-32368	78	34	0.187	0.187	NUM
fbem-32368	78	35	0.057	0.057	NUM
fbem-32368	78	36	1.003	1.003	NUM
fbem-32368	78	37	share	share	NOUN
fbem-32368	78	38	1353	1353	NUM
fbem-32368	78	39	0.444	0.444	NUM
fbem-32368	78	40	0.161	0.161	NUM
fbem-32368	78	41	0.064	0.064	NUM
fbem-32368	78	42	0.886	0.886	NUM
fbem-32368	78	43	mer	mer	X
fbem-32368	78	44	1353	1353	NUM
fbem-32368	78	45	0.068	0.068	NUM
fbem-32368	78	46	0.061	0.061	NUM
fbem-32368	78	47	0.002	0.002	NUM
fbem-32368	78	48	0.878	0.878	NUM
fbem-32368	78	49	4.2	4.2	NUM
fbem-32368	78	50	.	.	PUNCT
fbem-32368	79	1	overall	overall	ADJ
fbem-32368	79	2	regression	regression	NOUN
fbem-32368	79	3	analysis	analysis	NOUN
fbem-32368	79	4	to	to	PART
fbem-32368	79	5	avoid	avoid	VERB
fbem-32368	79	6	multicollinearity	multicollinearity	NOUN
fbem-32368	79	7	,	,	PUNCT
fbem-32368	79	8	this	this	DET
fbem-32368	79	9	study	study	NOUN
fbem-32368	79	10	conducted	conduct	VERB
fbem-32368	79	11	a	a	DET
fbem-32368	79	12	variance	variance	NOUN
fbem-32368	79	13	inflation	inflation	NOUN
fbem-32368	79	14	factor	factor	NOUN
fbem-32368	79	15	(	(	PUNCT
fbem-32368	79	16	vif	vif	NOUN
fbem-32368	79	17	)	)	PUNCT
fbem-32368	79	18	test	test	NOUN
fbem-32368	79	19	.	.	PUNCT
fbem-32368	80	1	regression	regression	NOUN
fbem-32368	80	2	analysis	analysis	NOUN
fbem-32368	80	3	was	be	AUX
fbem-32368	80	4	performed	perform	VERB
fbem-32368	80	5	only	only	ADV
fbem-32368	80	6	after	after	ADP
fbem-32368	80	7	confirming	confirm	VERB
fbem-32368	80	8	that	that	SCONJ
fbem-32368	80	9	there	there	PRON
fbem-32368	80	10	was	be	VERB
fbem-32368	80	11	no	no	DET
fbem-32368	80	12	multicollinearity	multicollinearity	NOUN
fbem-32368	80	13	issue	issue	NOUN
fbem-32368	80	14	.	.	PUNCT
fbem-32368	81	1	table	table	NOUN
fbem-32368	81	2	3	3	NUM
fbem-32368	81	3	shows	show	VERB
fbem-32368	81	4	that	that	SCONJ
fbem-32368	81	5	the	the	DET
fbem-32368	81	6	mean	mean	ADJ
fbem-32368	81	7	value	value	NOUN
fbem-32368	81	8	of	of	ADP
fbem-32368	81	9	the	the	DET
fbem-32368	81	10	variance	variance	NOUN
fbem-32368	81	11	inflation	inflation	NOUN
fbem-32368	81	12	factor	factor	NOUN
fbem-32368	81	13	(	(	PUNCT
fbem-32368	81	14	vif	vif	PROPN
fbem-32368	81	15	)	)	PUNCT
fbem-32368	81	16	of	of	ADP
fbem-32368	81	17	the	the	DET
fbem-32368	81	18	variables	variable	NOUN
fbem-32368	81	19	is	be	AUX
fbem-32368	81	20	1.25	1.25	NUM
fbem-32368	81	21	,	,	PUNCT
fbem-32368	81	22	indicating	indicate	VERB
fbem-32368	81	23	that	that	SCONJ
fbem-32368	81	24	there	there	PRON
fbem-32368	81	25	is	be	VERB
fbem-32368	81	26	no	no	DET
fbem-32368	81	27	collinearity	collinearity	NOUN
fbem-32368	81	28	among	among	ADP
fbem-32368	81	29	the	the	DET
fbem-32368	81	30	variables	variable	NOUN
fbem-32368	81	31	.	.	PUNCT
fbem-32368	82	1	table	table	NOUN
fbem-32368	82	2	3	3	NUM
fbem-32368	82	3	.	.	X
fbem-32368	82	4	variance	variance	NOUN
fbem-32368	82	5	inflation	inflation	NOUN
fbem-32368	82	6	factor	factor	NOUN
fbem-32368	82	7	test	test	NOUN
fbem-32368	82	8	results	result	VERB
fbem-32368	82	9	variable	variable	ADJ
fbem-32368	82	10	vif	vif	NOUN
fbem-32368	82	11	1	1	NUM
fbem-32368	82	12	/	/	SYM
fbem-32368	82	13	vif	vif	NOUN
fbem-32368	82	14	cap	cap	VERB
fbem-32368	82	15	1.66	1.66	NUM
fbem-32368	82	16	0.602	0.602	NUM
fbem-32368	82	17	lev	lev	NOUN
fbem-32368	82	18	1.50	1.50	NUM
fbem-32368	82	19	0.666	0.666	NUM
fbem-32368	82	20	share	share	NOUN
fbem-32368	82	21	1.23	1.23	NUM
fbem-32368	82	22	0.810	0.810	NUM
fbem-32368	82	23	bage	bage	NOUN
fbem-32368	82	24	1.14	1.14	NUM
fbem-32368	82	25	0.875	0.875	NUM
fbem-32368	82	26	mer	mer	NOUN
fbem-32368	82	27	1.12	1.12	NUM
fbem-32368	82	28	0.893	0.893	NUM
fbem-32368	82	29	board	board	NOUN
fbem-32368	82	30	1.06	1.06	NUM
fbem-32368	82	31	0.947	0.947	NUM
fbem-32368	82	32	mean	mean	NOUN
fbem-32368	82	33	vif	vif	X
fbem-32368	82	34	1.29	1.29	NUM
fbem-32368	82	35	the	the	DET
fbem-32368	82	36	results	result	NOUN
fbem-32368	82	37	of	of	ADP
fbem-32368	82	38	the	the	DET
fbem-32368	82	39	hausman	hausman	ADJ
fbem-32368	82	40	test	test	NOUN
fbem-32368	82	41	,	,	PUNCT
fbem-32368	82	42	as	as	SCONJ
fbem-32368	82	43	shown	show	VERB
fbem-32368	82	44	in	in	ADP
fbem-32368	82	45	table	table	NOUN
fbem-32368	82	46	4	4	NUM
fbem-32368	82	47	,	,	PUNCT
fbem-32368	82	48	indicate	indicate	VERB
fbem-32368	82	49	that	that	SCONJ
fbem-32368	82	50	there	there	PRON
fbem-32368	82	51	are	be	VERB
fbem-32368	82	52	systematic	systematic	ADJ
fbem-32368	82	53	differences	difference	NOUN
fbem-32368	82	54	between	between	ADP
fbem-32368	82	55	the	the	DET
fbem-32368	82	56	estimated	estimate	VERB
fbem-32368	82	57	coefficients	coefficient	NOUN
fbem-32368	82	58	of	of	ADP
fbem-32368	82	59	the	the	DET
fbem-32368	82	60	random	random	ADJ
fbem-32368	82	61	effects	effect	NOUN
fbem-32368	82	62	model	model	NOUN
fbem-32368	82	63	and	and	CCONJ
fbem-32368	82	64	those	those	PRON
fbem-32368	82	65	of	of	ADP
fbem-32368	82	66	the	the	DET
fbem-32368	82	67	fixed	fix	VERB
fbem-32368	82	68	effects	effect	NOUN
fbem-32368	82	69	model	model	NOUN
fbem-32368	82	70	.	.	PUNCT
fbem-32368	83	1	since	since	SCONJ
fbem-32368	83	2	the	the	DET
fbem-32368	83	3	p	p	NOUN
fbem-32368	83	4	-	-	PUNCT
fbem-32368	83	5	value	value	NOUN
fbem-32368	83	6	(	(	PUNCT
fbem-32368	83	7	0.0002	0.0002	NUM
fbem-32368	83	8	)	)	PUNCT
fbem-32368	83	9	is	be	AUX
fbem-32368	83	10	less	less	ADJ
fbem-32368	83	11	than	than	ADP
fbem-32368	83	12	the	the	DET
fbem-32368	83	13	significance	significance	NOUN
fbem-32368	83	14	level	level	NOUN
fbem-32368	83	15	of	of	ADP
fbem-32368	83	16	0.05	0.05	NUM
fbem-32368	83	17	,	,	PUNCT
fbem-32368	83	18	it	it	PRON
fbem-32368	83	19	is	be	AUX
fbem-32368	83	20	considered	consider	VERB
fbem-32368	83	21	more	more	ADV
fbem-32368	83	22	appropriate	appropriate	ADJ
fbem-32368	83	23	to	to	PART
fbem-32368	83	24	use	use	VERB
fbem-32368	83	25	the	the	DET
fbem-32368	83	26	fixed	fix	VERB
fbem-32368	83	27	effects	effect	NOUN
fbem-32368	83	28	model	model	NOUN
fbem-32368	83	29	for	for	ADP
fbem-32368	83	30	regression	regression	NOUN
fbem-32368	83	31	analysis	analysis	NOUN
fbem-32368	83	32	.	.	PUNCT
fbem-32368	84	1	table	table	NOUN
fbem-32368	84	2	4	4	NUM
fbem-32368	84	3	.	.	PUNCT
fbem-32368	84	4	hausman	hausman	PROPN
fbem-32368	84	5	test	test	NOUN
fbem-32368	84	6	results	result	NOUN
fbem-32368	84	7	fixed	fix	VERB
fbem-32368	84	8	random	random	ADJ
fbem-32368	84	9	difference	difference	NOUN
fbem-32368	84	10	s.e	s.e	PROPN
fbem-32368	84	11	.	.	PROPN
fbem-32368	84	12	board	board	PROPN
fbem-32368	84	13	0.0096787	0.0096787	NUM
fbem-32368	84	14	0.0062015	0.0062015	NUM
fbem-32368	84	15	0.0034773	0.0034773	NUM
fbem-32368	84	16	0.0025181	0.0025181	NUM
fbem-32368	84	17	bage	bage	NOUN
fbem-32368	84	18	0.0233608	0.0233608	NUM
fbem-32368	84	19	0.0080529	0.0080529	NUM
fbem-32368	84	20	-0.0153079	-0.0153079	NOUN
fbem-32368	84	21	0.0044922	0.0044922	NUM
fbem-32368	84	22	cap	cap	NOUN
fbem-32368	84	23	0.0208993	0.0208993	NUM
fbem-32368	84	24	0.0099848	0.0099848	NUM
fbem-32368	84	25	0.0109145	0.0109145	NUM
fbem-32368	84	26	0.0028917	0.0028917	NUM
fbem-32368	84	27	lev	lev	NOUN
fbem-32368	84	28	0.1890419	0.1890419	NUM
fbem-32368	84	29	0.1583823	0.1583823	NUM
fbem-32368	84	30	-0.0306596	-0.0306596	NOUN
fbem-32368	84	31	0.0109586	0.0109586	NUM
fbem-32368	84	32	share	share	NOUN
fbem-32368	84	33	0.0226069	0.0226069	NUM
fbem-32368	85	1	0.0097763	0.0097763	NUM
fbem-32368	85	2	0.0128306	0.0128306	NUM
fbem-32368	85	3	0.0165771	0.0165771	NUM
fbem-32368	85	4	mer	mer	X
fbem-32368	85	5	0.3008726	0.3008726	NUM
fbem-32368	85	6	0.2535412	0.2535412	NUM
fbem-32368	85	7	-0.0473314	-0.0473314	NOUN
fbem-32368	85	8	0.0237306	0.0237306	NUM
fbem-32368	85	9	prob	prob	NOUN
fbem-32368	85	10	>	>	X
fbem-32368	85	11	chi2=0.0002	chi2=0.0002	PROPN
fbem-32368	85	12	a	a	DET
fbem-32368	85	13	benchmark	benchmark	NOUN
fbem-32368	85	14	regression	regression	NOUN
fbem-32368	85	15	analysis	analysis	NOUN
fbem-32368	85	16	was	be	AUX
fbem-32368	85	17	conducted	conduct	VERB
fbem-32368	85	18	on	on	ADP
fbem-32368	85	19	the	the	DET
fbem-32368	85	20	model	model	NOUN
fbem-32368	85	21	,	,	PUNCT
fbem-32368	85	22	with	with	ADP
fbem-32368	85	23	results	result	NOUN
fbem-32368	85	24	as	as	SCONJ
fbem-32368	85	25	shown	show	VERB
fbem-32368	85	26	in	in	ADP
fbem-32368	85	27	table	table	NOUN
fbem-32368	85	28	5	5	NUM
fbem-32368	85	29	.	.	PUNCT
fbem-32368	86	1	the	the	DET
fbem-32368	86	2	regression	regression	NOUN
fbem-32368	86	3	results	result	NOUN
fbem-32368	86	4	indicate	indicate	VERB
fbem-32368	86	5	that	that	SCONJ
fbem-32368	86	6	the	the	DET
fbem-32368	86	7	independent	independent	ADJ
fbem-32368	86	8	variable	variable	NOUN
fbem-32368	86	9	—	—	PUNCT
fbem-32368	86	10	the	the	DET
fbem-32368	86	11	diversity	diversity	NOUN
fbem-32368	86	12	index	index	NOUN
fbem-32368	86	13	of	of	ADP
fbem-32368	86	14	board	board	NOUN
fbem-32368	86	15	members	member	NOUN
fbem-32368	86	16	'	'	PART
fbem-32368	86	17	characteristics	characteristic	NOUN
fbem-32368	86	18	—	—	PUNCT
fbem-32368	86	19	is	be	AUX
fbem-32368	86	20	significant	significant	ADJ
fbem-32368	86	21	at	at	ADP
fbem-32368	86	22	the	the	DET
fbem-32368	86	23	5	5	NUM
fbem-32368	86	24	%	%	NOUN
fbem-32368	86	25	level	level	NOUN
fbem-32368	86	26	,	,	PUNCT
fbem-32368	86	27	and	and	CCONJ
fbem-32368	86	28	a	a	DET
fbem-32368	86	29	coefficient	coefficient	NOUN
fbem-32368	86	30	greater	great	ADJ
fbem-32368	86	31	than	than	ADP
fbem-32368	86	32	0	0	NUM
fbem-32368	86	33	suggests	suggest	VERB
fbem-32368	86	34	that	that	SCONJ
fbem-32368	86	35	there	there	PRON
fbem-32368	86	36	is	be	VERB
fbem-32368	86	37	a	a	DET
fbem-32368	86	38	positive	positive	ADJ
fbem-32368	86	39	relationship	relationship	NOUN
fbem-32368	86	40	between	between	ADP
fbem-32368	86	41	the	the	DET
fbem-32368	86	42	overall	overall	ADJ
fbem-32368	86	43	diversity	diversity	NOUN
fbem-32368	86	44	of	of	ADP
fbem-32368	86	45	board	board	NOUN
fbem-32368	86	46	members	member	NOUN
fbem-32368	86	47	'	'	PART
fbem-32368	86	48	characteristics	characteristic	NOUN
fbem-32368	86	49	and	and	CCONJ
fbem-32368	86	50	corporate	corporate	ADJ
fbem-32368	86	51	performance	performance	NOUN
fbem-32368	86	52	.	.	PUNCT
fbem-32368	87	1	a	a	DET
fbem-32368	87	2	diverse	diverse	ADJ
fbem-32368	87	3	board	board	NOUN
fbem-32368	87	4	composition	composition	NOUN
fbem-32368	87	5	provides	provide	VERB
fbem-32368	87	6	enterprises	enterprise	NOUN
fbem-32368	87	7	with	with	ADP
fbem-32368	87	8	more	more	ADJ
fbem-32368	87	9	professional	professional	ADJ
fbem-32368	87	10	skills	skill	NOUN
fbem-32368	87	11	and	and	CCONJ
fbem-32368	87	12	social	social	ADJ
fbem-32368	87	13	experience	experience	NOUN
fbem-32368	87	14	,	,	PUNCT
fbem-32368	87	15	enabling	enable	VERB
fbem-32368	87	16	them	they	PRON
fbem-32368	87	17	to	to	PART
fbem-32368	87	18	enhance	enhance	VERB
fbem-32368	87	19	their	their	PRON
fbem-32368	87	20	information	information	NOUN
fbem-32368	87	21	acquisition	acquisition	NOUN
fbem-32368	87	22	capabilities	capability	NOUN
fbem-32368	87	23	and	and	CCONJ
fbem-32368	87	24	strategic	strategic	ADJ
fbem-32368	87	25	vision	vision	NOUN
fbem-32368	87	26	in	in	ADP
fbem-32368	87	27	the	the	DET
fbem-32368	87	28	operation	operation	NOUN
fbem-32368	87	29	process	process	NOUN
fbem-32368	87	30	.	.	PUNCT
fbem-32368	88	1	such	such	ADJ
fbem-32368	88	2	diversity	diversity	NOUN
fbem-32368	88	3	effectively	effectively	ADV
fbem-32368	88	4	promotes	promote	VERB
fbem-32368	88	5	the	the	DET
fbem-32368	88	6	return	return	NOUN
fbem-32368	88	7	on	on	ADP
fbem-32368	88	8	corporate	corporate	ADJ
fbem-32368	88	9	assets	asset	NOUN
fbem-32368	88	10	and	and	CCONJ
fbem-32368	88	11	improves	improve	VERB
fbem-32368	88	12	corporate	corporate	ADJ
fbem-32368	88	13	performance	performance	NOUN
fbem-32368	88	14	.	.	PUNCT
fbem-32368	89	1	table	table	NOUN
fbem-32368	89	2	5	5	NUM
fbem-32368	89	3	.	.	PUNCT
fbem-32368	90	1	overall	overall	ADJ
fbem-32368	90	2	regression	regression	NOUN
fbem-32368	90	3	results	result	VERB
fbem-32368	90	4	variable	variable	ADJ
fbem-32368	90	5	roa	roa	PROPN
fbem-32368	90	6	board	board	PROPN
fbem-32368	90	7	0.010	0.010	PROPN
fbem-32368	90	8	*	*	PUNCT
fbem-32368	90	9	*	*	PUNCT
fbem-32368	90	10	(	(	PUNCT
fbem-32368	90	11	0.031	0.031	NUM
fbem-32368	90	12	)	)	PUNCT
fbem-32368	90	13	bage	bage	NOUN
fbem-32368	90	14	-0.023	-0.023	PROPN
fbem-32368	90	15	*	*	PUNCT
fbem-32368	91	1	*	*	PUNCT
fbem-32368	91	2	*	*	PUNCT
fbem-32368	91	3	(	(	PUNCT
fbem-32368	91	4	0.000	0.000	NUM
fbem-32368	91	5	)	)	PUNCT
fbem-32368	91	6	cap	cap	NOUN
fbem-32368	91	7	0.021	0.021	NUM
fbem-32368	91	8	*	*	PUNCT
fbem-32368	91	9	*	*	PUNCT
fbem-32368	91	10	*	*	PUNCT
fbem-32368	91	11	(	(	PUNCT
fbem-32368	91	12	0.000	0.000	NUM
fbem-32368	91	13	)	)	PUNCT
fbem-32368	91	14	lev	lev	NOUN
fbem-32368	91	15	-0.189	-0.189	PROPN
fbem-32368	91	16	*	*	PUNCT
fbem-32368	91	17	*	*	PUNCT
fbem-32368	91	18	*	*	PUNCT
fbem-32368	91	19	(	(	PUNCT
fbem-32368	91	20	0.000	0.000	NUM
fbem-32368	91	21	)	)	PUNCT
fbem-32368	91	22	share	share	NOUN
fbem-32368	91	23	0.023	0.023	NUM
fbem-32368	91	24	(	(	PUNCT
fbem-32368	91	25	0.029	0.029	NUM
fbem-32368	91	26	)	)	PUNCT
fbem-32368	91	27	mer	mer	NOUN
fbem-32368	91	28	-0.301	-0.301	PUNCT
fbem-32368	91	29	*	*	PUNCT
fbem-32368	92	1	*	*	PUNCT
fbem-32368	92	2	*	*	PUNCT
fbem-32368	92	3	(	(	PUNCT
fbem-32368	92	4	0.000	0.000	NUM
fbem-32368	92	5	)	)	PUNCT
fbem-32368	92	6	cons	con	NOUN
fbem-32368	92	7	0.066	0.066	NUM
fbem-32368	92	8	*	*	PUNCT
fbem-32368	92	9	*	*	PUNCT
fbem-32368	92	10	(	(	PUNCT
fbem-32368	92	11	0.011	0.011	NUM
fbem-32368	92	12	)	)	PUNCT
fbem-32368	92	13	n	n	PRON
fbem-32368	92	14	1353	1353	NUM
fbem-32368	92	15	r2	r2	PROPN
fbem-32368	92	16	0.139	0.139	NUM
fbem-32368	92	17	note	note	NOUN
fbem-32368	92	18	:	:	PUNCT
fbem-32368	92	19	standard	standard	ADJ
fbem-32368	92	20	errors	error	NOUN
fbem-32368	92	21	are	be	AUX
fbem-32368	92	22	in	in	ADP
fbem-32368	92	23	parentheses	parenthesis	NOUN
fbem-32368	92	24	,	,	PUNCT
fbem-32368	92	25	*	*	PUNCT
fbem-32368	92	26	*	*	PUNCT
fbem-32368	92	27	*	*	PUNCT
fbem-32368	92	28	p<0.01	p<0.01	PROPN
fbem-32368	92	29	,	,	PUNCT
fbem-32368	92	30	*	*	PUNCT
fbem-32368	92	31	*	*	PUNCT
fbem-32368	92	32	<	<	X
fbem-32368	92	33	0.05	0.05	NUM
fbem-32368	92	34	,	,	PUNCT
fbem-32368	92	35	*	*	PUNCT
fbem-32368	92	36	<	<	X
fbem-32368	92	37	0.1	0.1	NUM
fbem-32368	92	38	168	168	NUM
fbem-32368	92	39	4.3	4.3	NUM
fbem-32368	92	40	.	.	PUNCT
fbem-32368	93	1	robustness	robustness	NOUN
fbem-32368	93	2	test	test	NOUN
fbem-32368	93	3	4.3.1	4.3.1	NUM
fbem-32368	93	4	.	.	PUNCT
fbem-32368	93	5	exclusion	exclusion	NOUN
fbem-32368	93	6	of	of	ADP
fbem-32368	93	7	special	special	ADJ
fbem-32368	93	8	samples	sample	NOUN
fbem-32368	93	9	during	during	ADP
fbem-32368	93	10	the	the	DET
fbem-32368	93	11	robustness	robustness	NOUN
fbem-32368	93	12	test	test	NOUN
fbem-32368	93	13	,	,	PUNCT
fbem-32368	93	14	considering	consider	VERB
fbem-32368	93	15	that	that	SCONJ
fbem-32368	93	16	the	the	DET
fbem-32368	93	17	sudden	sudden	ADJ
fbem-32368	93	18	outbreak	outbreak	NOUN
fbem-32368	93	19	of	of	ADP
fbem-32368	93	20	the	the	DET
fbem-32368	93	21	covid-19	covid-19	PROPN
fbem-32368	93	22	pandemic	pandemic	NOUN
fbem-32368	93	23	during	during	ADP
fbem-32368	93	24	2020	2020	NUM
fbem-32368	93	25	-2021	-2021	NOUN
fbem-32368	93	26	caused	cause	VERB
fbem-32368	93	27	significant	significant	ADJ
fbem-32368	93	28	volatility	volatility	NOUN
fbem-32368	93	29	in	in	ADP
fbem-32368	93	30	the	the	DET
fbem-32368	93	31	global	global	ADJ
fbem-32368	93	32	economy	economy	NOUN
fbem-32368	93	33	and	and	CCONJ
fbem-32368	93	34	financial	financial	ADJ
fbem-32368	93	35	markets	market	NOUN
fbem-32368	93	36	,	,	PUNCT
fbem-32368	93	37	and	and	CCONJ
fbem-32368	93	38	exerted	exert	VERB
fbem-32368	93	39	a	a	DET
fbem-32368	93	40	notable	notable	ADJ
fbem-32368	93	41	impact	impact	NOUN
fbem-32368	93	42	on	on	ADP
fbem-32368	93	43	the	the	DET
fbem-32368	93	44	operations	operation	NOUN
fbem-32368	93	45	and	and	CCONJ
fbem-32368	93	46	performance	performance	NOUN
fbem-32368	93	47	of	of	ADP
fbem-32368	93	48	chinese	chinese	ADJ
fbem-32368	93	49	listed	list	VERB
fbem-32368	93	50	comp	comp	PROPN
fbem-32368	93	51	anies	anie	NOUN
fbem-32368	93	52	,	,	PUNCT
fbem-32368	93	53	removing	remove	VERB
fbem-32368	93	54	data	datum	NOUN
fbem-32368	93	55	from	from	ADP
fbem-32368	93	56	this	this	DET
fbem-32368	93	57	period	period	NOUN
fbem-32368	93	58	can	can	AUX
fbem-32368	93	59	help	help	VERB
fbem-32368	93	60	us	we	PRON
fbem-32368	93	61	eliminate	eliminate	VERB
fbem-32368	93	62	the	the	DET
fbem-32368	93	63	interference	interference	NOUN
fbem-32368	93	64	of	of	ADP
fbem-32368	93	65	these	these	DET
fbem-32368	93	66	special	special	ADJ
fbem-32368	93	67	factors	factor	NOUN
fbem-32368	93	68	,	,	PUNCT
fbem-32368	93	69	thereby	thereby	ADV
fbem-32368	93	70	more	more	ADV
fbem-32368	93	71	accurately	accurately	ADV
fbem-32368	93	72	evaluating	evaluate	VERB
fbem-32368	93	73	the	the	DET
fbem-32368	93	74	relationship	relationship	NOUN
fbem-32368	93	75	between	between	ADP
fbem-32368	93	76	the	the	DET
fbem-32368	93	77	financial	financial	ADJ
fbem-32368	93	78	background	background	NOUN
fbem-32368	93	79	characteristics	characteristic	NOUN
fbem-32368	93	80	of	of	ADP
fbem-32368	93	81	board	board	NOUN
fbem-32368	93	82	members	member	NOUN
fbem-32368	93	83	and	and	CCONJ
fbem-32368	93	84	corporate	corporate	ADJ
fbem-32368	93	85	performance	performance	NOUN
fbem-32368	93	86	.	.	PUNCT
fbem-32368	94	1	after	after	ADP
fbem-32368	94	2	removing	remove	VERB
fbem-32368	94	3	the	the	DET
fbem-32368	94	4	data	datum	NOUN
fbem-32368	94	5	from	from	ADP
fbem-32368	94	6	2020	2020	NUM
fbem-32368	94	7	-	-	SYM
fbem-32368	94	8	2021	2021	NUM
fbem-32368	94	9	,	,	PUNCT
fbem-32368	94	10	the	the	DET
fbem-32368	94	11	regression	regression	NOUN
fbem-32368	94	12	results	result	NOUN
fbem-32368	94	13	presented	present	VERB
fbem-32368	94	14	in	in	ADP
fbem-32368	94	15	table	table	NOUN
fbem-32368	94	16	6	6	NUM
fbem-32368	94	17	show	show	NOUN
fbem-32368	94	18	that	that	SCONJ
fbem-32368	94	19	the	the	DET
fbem-32368	94	20	coefficient	coefficient	NOUN
fbem-32368	94	21	of	of	ADP
fbem-32368	94	22	the	the	DET
fbem-32368	94	23	diversity	diversity	NOUN
fbem-32368	94	24	index	index	NOUN
fbem-32368	94	25	of	of	ADP
fbem-32368	94	26	board	board	NOUN
fbem-32368	94	27	members	member	NOUN
fbem-32368	94	28	'	'	PART
fbem-32368	94	29	characteristics	characteristic	NOUN
fbem-32368	94	30	is	be	AUX
fbem-32368	94	31	positive	positive	ADJ
fbem-32368	94	32	and	and	CCONJ
fbem-32368	94	33	remains	remain	VERB
fbem-32368	94	34	significant	significant	ADJ
fbem-32368	94	35	.	.	PUNCT
fbem-32368	95	1	it	it	PRON
fbem-32368	95	2	can	can	AUX
fbem-32368	95	3	thus	thus	ADV
fbem-32368	95	4	be	be	AUX
fbem-32368	95	5	concluded	conclude	VERB
fbem-32368	95	6	that	that	SCONJ
fbem-32368	95	7	the	the	DET
fbem-32368	95	8	conclusion	conclusion	NOUN
fbem-32368	95	9	is	be	AUX
fbem-32368	95	10	robust	robust	ADJ
fbem-32368	95	11	.	.	PUNCT
fbem-32368	96	1	table	table	NOUN
fbem-32368	96	2	6	6	NUM
fbem-32368	96	3	.	.	PUNCT
fbem-32368	97	1	exclusion	exclusion	NOUN
fbem-32368	97	2	of	of	ADP
fbem-32368	97	3	samples	sample	NOUN
fbem-32368	97	4	from	from	ADP
fbem-32368	97	5	specific	specific	ADJ
fbem-32368	97	6	years	year	NOUN
fbem-32368	97	7	variable	variable	ADJ
fbem-32368	97	8	roa	roa	PROPN
fbem-32368	97	9	roa	roa	PROPN
fbem-32368	97	10	*	*	PROPN
fbem-32368	97	11	board	board	PROPN
fbem-32368	97	12	0.010	0.010	NUM
fbem-32368	97	13	*	*	PUNCT
fbem-32368	97	14	*	*	PUNCT
fbem-32368	97	15	(	(	PUNCT
fbem-32368	97	16	0.031	0.031	NUM
fbem-32368	97	17	)	)	PUNCT
fbem-32368	97	18	0.009	0.009	NUM
fbem-32368	97	19	*	*	SYM
fbem-32368	97	20	(	(	PUNCT
fbem-32368	97	21	0.076	0.076	NUM
fbem-32368	97	22	)	)	PUNCT
fbem-32368	97	23	bage	bage	NOUN
fbem-32368	97	24	-0.023	-0.023	PROPN
fbem-32368	97	25	*	*	PUNCT
fbem-32368	98	1	*	*	PUNCT
fbem-32368	98	2	*	*	PUNCT
fbem-32368	98	3	(	(	PUNCT
fbem-32368	98	4	0.000	0.000	NUM
fbem-32368	98	5	)	)	PUNCT
fbem-32368	98	6	-0.019	-0.019	NOUN
fbem-32368	98	7	*	*	PUNCT
fbem-32368	98	8	*	*	PUNCT
fbem-32368	98	9	(	(	PUNCT
fbem-32368	98	10	0.011	0.011	NUM
fbem-32368	98	11	)	)	PUNCT
fbem-32368	98	12	cap	cap	NOUN
fbem-32368	98	13	0.021	0.021	NUM
fbem-32368	98	14	*	*	PUNCT
fbem-32368	98	15	*	*	PUNCT
fbem-32368	98	16	*	*	PUNCT
fbem-32368	98	17	(	(	PUNCT
fbem-32368	98	18	0.000	0.000	NUM
fbem-32368	98	19	)	)	PUNCT
fbem-32368	98	20	0.014	0.014	NUM
fbem-32368	98	21	*	*	PUNCT
fbem-32368	98	22	*	*	PUNCT
fbem-32368	98	23	*	*	PUNCT
fbem-32368	98	24	(	(	PUNCT
fbem-32368	98	25	0.001	0.001	NUM
fbem-32368	98	26	)	)	PUNCT
fbem-32368	98	27	lev	lev	NOUN
fbem-32368	98	28	-0.189	-0.189	PROPN
fbem-32368	98	29	*	*	PUNCT
fbem-32368	98	30	*	*	PUNCT
fbem-32368	98	31	*	*	PUNCT
fbem-32368	98	32	(	(	PUNCT
fbem-32368	98	33	0.000	0.000	NUM
fbem-32368	98	34	)	)	PUNCT
fbem-32368	98	35	-0.183	-0.183	PUNCT
fbem-32368	99	1	*	*	PUNCT
fbem-32368	99	2	*	*	PUNCT
fbem-32368	99	3	*	*	PUNCT
fbem-32368	99	4	(	(	PUNCT
fbem-32368	99	5	0.000	0.000	NUM
fbem-32368	99	6	)	)	PUNCT
fbem-32368	99	7	share	share	VERB
fbem-32368	99	8	0.023	0.023	NUM
fbem-32368	99	9	*	*	NOUN
fbem-32368	99	10	*	*	PUNCT
fbem-32368	99	11	(	(	PUNCT
fbem-32368	99	12	0.029	0.029	NUM
fbem-32368	99	13	)	)	PUNCT
fbem-32368	99	14	0.022	0.022	NUM
fbem-32368	99	15	(	(	PUNCT
fbem-32368	99	16	0.363	0.363	NUM
fbem-32368	99	17	)	)	PUNCT
fbem-32368	99	18	mer	mer	NOUN
fbem-32368	99	19	-0.301	-0.301	PUNCT
fbem-32368	99	20	*	*	PUNCT
fbem-32368	100	1	*	*	PUNCT
fbem-32368	100	2	*	*	PUNCT
fbem-32368	100	3	(	(	PUNCT
fbem-32368	100	4	0.000	0.000	NUM
fbem-32368	100	5	)	)	PUNCT
fbem-32368	100	6	-0.260	-0.260	PUNCT
fbem-32368	100	7	*	*	PUNCT
fbem-32368	100	8	*	*	PUNCT
fbem-32368	100	9	*	*	PUNCT
fbem-32368	100	10	(	(	PUNCT
fbem-32368	100	11	0.000	0.000	NUM
fbem-32368	100	12	)	)	PUNCT
fbem-32368	100	13	cons	con	NOUN
fbem-32368	100	14	0.066	0.066	NUM
fbem-32368	100	15	*	*	PUNCT
fbem-32368	100	16	*	*	PUNCT
fbem-32368	100	17	(	(	PUNCT
fbem-32368	100	18	0.011	0.011	NUM
fbem-32368	100	19	)	)	PUNCT
fbem-32368	100	20	0.088	0.088	NUM
fbem-32368	101	1	*	*	PUNCT
fbem-32368	101	2	*	*	PUNCT
fbem-32368	101	3	*	*	PUNCT
fbem-32368	101	4	(	(	PUNCT
fbem-32368	101	5	0.004	0.004	NUM
fbem-32368	101	6	)	)	PUNCT
fbem-32368	101	7	n	n	PRON
fbem-32368	101	8	1353	1353	NUM
fbem-32368	101	9	1107	1107	NUM
fbem-32368	101	10	r2	r2	NOUN
fbem-32368	101	11	0.139	0.139	NUM
fbem-32368	101	12	0.112	0.112	NUM
fbem-32368	101	13	note	note	NOUN
fbem-32368	101	14	:	:	PUNCT
fbem-32368	101	15	standard	standard	ADJ
fbem-32368	101	16	errors	error	NOUN
fbem-32368	101	17	are	be	AUX
fbem-32368	101	18	in	in	ADP
fbem-32368	101	19	parentheses	parenthesis	NOUN
fbem-32368	101	20	,	,	PUNCT
fbem-32368	101	21	*	*	PUNCT
fbem-32368	101	22	*	*	PUNCT
fbem-32368	101	23	*	*	PUNCT
fbem-32368	101	24	p<0.01	p<0.01	PROPN
fbem-32368	101	25	,	,	PUNCT
fbem-32368	101	26	*	*	PUNCT
fbem-32368	101	27	*	*	PUNCT
fbem-32368	101	28	<	<	X
fbem-32368	101	29	0.05	0.05	NUM
fbem-32368	101	30	,	,	PUNCT
fbem-32368	101	31	*	*	PUNCT
fbem-32368	101	32	<	<	X
fbem-32368	101	33	0.1	0.1	NUM
fbem-32368	101	34	4.3.2	4.3.2	NUM
fbem-32368	101	35	.	.	PUNCT
fbem-32368	102	1	replacement	replacement	NOUN
fbem-32368	102	2	of	of	ADP
fbem-32368	102	3	the	the	DET
fbem-32368	102	4	explained	explain	VERB
fbem-32368	102	5	variable	variable	ADJ
fbem-32368	102	6	table	table	NOUN
fbem-32368	102	7	7	7	NUM
fbem-32368	102	8	.	.	PUNCT
fbem-32368	103	1	replacement	replacement	NOUN
fbem-32368	103	2	of	of	ADP
fbem-32368	103	3	the	the	DET
fbem-32368	103	4	explained	explain	VERB
fbem-32368	103	5	variable	variable	ADJ
fbem-32368	103	6	variable	variable	ADJ
fbem-32368	103	7	roa	roa	PROPN
fbem-32368	103	8	roa	roa	PROPN
fbem-32368	103	9	*	*	PROPN
fbem-32368	103	10	board	board	PROPN
fbem-32368	103	11	0.010	0.010	NUM
fbem-32368	103	12	*	*	PUNCT
fbem-32368	103	13	*	*	PUNCT
fbem-32368	103	14	(	(	PUNCT
fbem-32368	103	15	0.031	0.031	NUM
fbem-32368	103	16	)	)	PUNCT
fbem-32368	103	17	0.992	0.992	NUM
fbem-32368	103	18	*	*	PUNCT
fbem-32368	103	19	*	*	PUNCT
fbem-32368	103	20	(	(	PUNCT
fbem-32368	103	21	0.024	0.024	NUM
fbem-32368	103	22	)	)	PUNCT
fbem-32368	103	23	bage	bage	NOUN
fbem-32368	103	24	-0.023	-0.023	PROPN
fbem-32368	103	25	*	*	PUNCT
fbem-32368	104	1	*	*	PUNCT
fbem-32368	104	2	*	*	PUNCT
fbem-32368	104	3	(	(	PUNCT
fbem-32368	104	4	0.000	0.000	NUM
fbem-32368	104	5	)	)	PUNCT
fbem-32368	104	6	-3.066	-3.066	ADJ
fbem-32368	104	7	*	*	PUNCT
fbem-32368	104	8	*	*	PUNCT
fbem-32368	104	9	*	*	PUNCT
fbem-32368	104	10	(	(	PUNCT
fbem-32368	104	11	0.000	0.000	NUM
fbem-32368	104	12	)	)	PUNCT
fbem-32368	104	13	cap	cap	NOUN
fbem-32368	104	14	0.021	0.021	NUM
fbem-32368	104	15	*	*	PUNCT
fbem-32368	104	16	*	*	PUNCT
fbem-32368	104	17	*	*	PUNCT
fbem-32368	104	18	(	(	PUNCT
fbem-32368	104	19	0.000	0.000	NUM
fbem-32368	104	20	)	)	PUNCT
fbem-32368	104	21	2.495	2.495	NUM
fbem-32368	104	22	*	*	PUNCT
fbem-32368	104	23	*	*	PUNCT
fbem-32368	104	24	*	*	PUNCT
fbem-32368	104	25	(	(	PUNCT
fbem-32368	104	26	0.000	0.000	NUM
fbem-32368	104	27	)	)	PUNCT
fbem-32368	104	28	lev	lev	NOUN
fbem-32368	104	29	-0.189	-0.189	PROPN
fbem-32368	104	30	*	*	PUNCT
fbem-32368	104	31	*	*	PUNCT
fbem-32368	104	32	*	*	PUNCT
fbem-32368	104	33	(	(	PUNCT
fbem-32368	104	34	0.000	0.000	NUM
fbem-32368	104	35	)	)	PUNCT
fbem-32368	105	1	-15.005	-15.005	PUNCT
fbem-32368	105	2	*	*	PUNCT
fbem-32368	106	1	*	*	PUNCT
fbem-32368	106	2	*	*	PUNCT
fbem-32368	106	3	(	(	PUNCT
fbem-32368	106	4	0.000	0.000	NUM
fbem-32368	106	5	)	)	PUNCT
fbem-32368	106	6	share	share	VERB
fbem-32368	106	7	0.023	0.023	NUM
fbem-32368	106	8	*	*	NOUN
fbem-32368	106	9	*	*	PUNCT
fbem-32368	106	10	(	(	PUNCT
fbem-32368	106	11	0.029	0.029	NUM
fbem-32368	106	12	)	)	PUNCT
fbem-32368	106	13	2.772	2.772	NUM
fbem-32368	106	14	(	(	PUNCT
fbem-32368	106	15	0.188	0.188	NUM
fbem-32368	106	16	)	)	PUNCT
fbem-32368	106	17	mer	mer	NOUN
fbem-32368	106	18	-0.301	-0.301	PUNCT
fbem-32368	106	19	*	*	PUNCT
fbem-32368	107	1	*	*	PUNCT
fbem-32368	107	2	*	*	PUNCT
fbem-32368	107	3	(	(	PUNCT
fbem-32368	107	4	0.000	0.000	NUM
fbem-32368	107	5	)	)	PUNCT
fbem-32368	107	6	-29.024	-29.024	PROPN
fbem-32368	107	7	*	*	PUNCT
fbem-32368	107	8	*	*	PUNCT
fbem-32368	107	9	*	*	PUNCT
fbem-32368	107	10	(	(	PUNCT
fbem-32368	107	11	0.000	0.000	NUM
fbem-32368	107	12	)	)	PUNCT
fbem-32368	107	13	cons	con	NOUN
fbem-32368	107	14	0.066	0.066	NUM
fbem-32368	107	15	*	*	PUNCT
fbem-32368	107	16	*	*	PUNCT
fbem-32368	107	17	(	(	PUNCT
fbem-32368	107	18	0.011	0.011	NUM
fbem-32368	107	19	)	)	PUNCT
fbem-32368	107	20	5.387	5.387	NUM
fbem-32368	107	21	*	*	NOUN
fbem-32368	107	22	*	*	PUNCT
fbem-32368	107	23	(	(	PUNCT
fbem-32368	107	24	0.034	0.034	NUM
fbem-32368	107	25	)	)	PUNCT
fbem-32368	107	26	n	n	CCONJ
fbem-32368	107	27	1353	1353	NUM
fbem-32368	107	28	1353	1353	NUM
fbem-32368	107	29	r2	r2	PROPN
fbem-32368	107	30	0.139	0.139	NUM
fbem-32368	107	31	0.123	0.123	NUM
fbem-32368	107	32	note	note	NOUN
fbem-32368	107	33	:	:	PUNCT
fbem-32368	107	34	standard	standard	ADJ
fbem-32368	107	35	errors	error	NOUN
fbem-32368	107	36	are	be	AUX
fbem-32368	107	37	in	in	ADP
fbem-32368	107	38	parentheses	parenthesis	NOUN
fbem-32368	107	39	,	,	PUNCT
fbem-32368	107	40	*	*	PUNCT
fbem-32368	107	41	*	*	PUNCT
fbem-32368	107	42	*	*	PUNCT
fbem-32368	107	43	p<0.01	p<0.01	PROPN
fbem-32368	107	44	,	,	PUNCT
fbem-32368	107	45	*	*	PUNCT
fbem-32368	107	46	*	*	PUNCT
fbem-32368	107	47	<	<	X
fbem-32368	107	48	0.05	0.05	NUM
fbem-32368	107	49	,	,	PUNCT
fbem-32368	107	50	*	*	PUNCT
fbem-32368	107	51	<	<	X
fbem-32368	107	52	0.1	0.1	NUM
fbem-32368	107	53	to	to	PART
fbem-32368	107	54	ensure	ensure	VERB
fbem-32368	107	55	the	the	DET
fbem-32368	107	56	robustness	robustness	NOUN
fbem-32368	107	57	and	and	CCONJ
fbem-32368	107	58	reliability	reliability	NOUN
fbem-32368	107	59	of	of	ADP
fbem-32368	107	60	the	the	DET
fbem-32368	107	61	previous	previous	ADJ
fbem-32368	107	62	regression	regression	NOUN
fbem-32368	107	63	results	result	NOUN
fbem-32368	107	64	,	,	PUNCT
fbem-32368	107	65	we	we	PRON
fbem-32368	107	66	choose	choose	VERB
fbem-32368	107	67	to	to	PART
fbem-32368	107	68	use	use	VERB
fbem-32368	107	69	roe	roe	NOUN
fbem-32368	107	70	(	(	PUNCT
fbem-32368	107	71	return	return	VERB
fbem-32368	107	72	on	on	ADP
fbem-32368	107	73	equity	equity	NOUN
fbem-32368	107	74	)	)	PUNCT
fbem-32368	107	75	as	as	SCONJ
fbem-32368	107	76	the	the	DET
fbem-32368	107	77	explained	explain	VERB
fbem-32368	107	78	variable	variable	NOUN
fbem-32368	107	79	to	to	PART
fbem-32368	107	80	replace	replace	VERB
fbem-32368	107	81	the	the	DET
fbem-32368	107	82	original	original	ADJ
fbem-32368	107	83	roa	roa	NOUN
fbem-32368	107	84	(	(	PUNCT
fbem-32368	107	85	return	return	VERB
fbem-32368	107	86	on	on	ADP
fbem-32368	107	87	assets	asset	NOUN
fbem-32368	107	88	)	)	PUNCT
fbem-32368	107	89	,	,	PUNCT
fbem-32368	107	90	thereby	thereby	ADV
fbem-32368	107	91	providing	provide	VERB
fbem-32368	107	92	a	a	DET
fbem-32368	107	93	different	different	ADJ
fbem-32368	107	94	perspective	perspective	NOUN
fbem-32368	107	95	to	to	PART
fbem-32368	107	96	evaluate	evaluate	VERB
fbem-32368	107	97	corporate	corporate	ADJ
fbem-32368	107	98	performance	performance	NOUN
fbem-32368	107	99	levels	level	NOUN
fbem-32368	107	100	.	.	PUNCT
fbem-32368	108	1	the	the	DET
fbem-32368	108	2	regression	regression	NOUN
fbem-32368	108	3	results	result	VERB
fbem-32368	108	4	,	,	PUNCT
fbem-32368	108	5	as	as	SCONJ
fbem-32368	108	6	shown	show	VERB
fbem-32368	108	7	in	in	ADP
fbem-32368	108	8	table	table	NOUN
fbem-32368	108	9	7	7	NUM
fbem-32368	108	10	,	,	PUNCT
fbem-32368	108	11	indicate	indicate	VERB
fbem-32368	108	12	that	that	SCONJ
fbem-32368	108	13	after	after	ADP
fbem-32368	108	14	replacing	replace	VERB
fbem-32368	108	15	the	the	DET
fbem-32368	108	16	explained	explain	VERB
fbem-32368	108	17	variable	variable	NOUN
fbem-32368	108	18	,	,	PUNCT
fbem-32368	108	19	the	the	DET
fbem-32368	108	20	positive	positive	ADJ
fbem-32368	108	21	promotional	promotional	ADJ
fbem-32368	108	22	effect	effect	NOUN
fbem-32368	108	23	of	of	ADP
fbem-32368	108	24	the	the	DET
fbem-32368	108	25	diversity	diversity	NOUN
fbem-32368	108	26	index	index	NOUN
fbem-32368	108	27	of	of	ADP
fbem-32368	108	28	board	board	NOUN
fbem-32368	108	29	members	member	NOUN
fbem-32368	108	30	'	'	PART
fbem-32368	108	31	characteristics	characteristic	NOUN
fbem-32368	108	32	on	on	ADP
fbem-32368	108	33	corporate	corporate	ADJ
fbem-32368	108	34	performance	performance	NOUN
fbem-32368	108	35	remains	remain	VERB
fbem-32368	108	36	unchanged	unchanged	ADJ
fbem-32368	108	37	.	.	PUNCT
fbem-32368	109	1	this	this	PRON
fbem-32368	109	2	confirms	confirm	VERB
fbem-32368	109	3	that	that	SCONJ
fbem-32368	109	4	the	the	DET
fbem-32368	109	5	regression	regression	NOUN
fbem-32368	109	6	results	result	NOUN
fbem-32368	109	7	and	and	CCONJ
fbem-32368	109	8	conclusions	conclusion	NOUN
fbem-32368	109	9	of	of	ADP
fbem-32368	109	10	this	this	DET
fbem-32368	109	11	paper	paper	NOUN
fbem-32368	109	12	are	be	AUX
fbem-32368	109	13	relatively	relatively	ADV
fbem-32368	109	14	reliable	reliable	ADJ
fbem-32368	109	15	.	.	PUNCT
fbem-32368	110	1	5	5	X
fbem-32368	110	2	.	.	X
fbem-32368	110	3	conclusions	conclusion	NOUN
fbem-32368	110	4	,	,	PUNCT
fbem-32368	110	5	recommendations	recommendation	NOUN
fbem-32368	110	6	and	and	CCONJ
fbem-32368	110	7	prospects	prospect	NOUN
fbem-32368	110	8	5.1	5.1	NUM
fbem-32368	110	9	.	.	PUNCT
fbem-32368	111	1	research	research	NOUN
fbem-32368	111	2	conclusions	conclusion	NOUN
fbem-32368	111	3	this	this	DET
fbem-32368	111	4	paper	paper	NOUN
fbem-32368	111	5	conducts	conduct	VERB
fbem-32368	111	6	an	an	DET
fbem-32368	111	7	empirical	empirical	ADJ
fbem-32368	111	8	study	study	NOUN
fbem-32368	111	9	on	on	ADP
fbem-32368	111	10	the	the	DET
fbem-32368	111	11	comprehensive	comprehensive	ADJ
fbem-32368	111	12	characteristics	characteristic	NOUN
fbem-32368	111	13	of	of	ADP
fbem-32368	111	14	board	board	NOUN
fbem-32368	111	15	members	member	NOUN
fbem-32368	111	16	(	(	PUNCT
fbem-32368	111	17	in	in	ADP
fbem-32368	111	18	terms	term	NOUN
fbem-32368	111	19	of	of	ADP
fbem-32368	111	20	board	board	NOUN
fbem-32368	111	21	composition	composition	NOUN
fbem-32368	111	22	)	)	PUNCT
fbem-32368	111	23	and	and	CCONJ
fbem-32368	111	24	the	the	DET
fbem-32368	111	25	performance	performance	NOUN
fbem-32368	111	26	of	of	ADP
fbem-32368	111	27	listed	list	VERB
fbem-32368	111	28	companies	company	NOUN
fbem-32368	111	29	by	by	ADP
fbem-32368	111	30	establishing	establish	VERB
fbem-32368	111	31	a	a	DET
fbem-32368	111	32	connection	connection	NOUN
fbem-32368	111	33	between	between	ADP
fbem-32368	111	34	the	the	DET
fbem-32368	111	35	diversity	diversity	NOUN
fbem-32368	111	36	index	index	NOUN
fbem-32368	111	37	of	of	ADP
fbem-32368	111	38	board	board	NOUN
fbem-32368	111	39	members	member	NOUN
fbem-32368	111	40	'	'	PART
fbem-32368	111	41	characteristics	characteristic	NOUN
fbem-32368	111	42	and	and	CCONJ
fbem-32368	111	43	the	the	DET
fbem-32368	111	44	performance	performance	NOUN
fbem-32368	111	45	level	level	NOUN
fbem-32368	111	46	of	of	ADP
fbem-32368	111	47	listed	list	VERB
fbem-32368	111	48	companies	company	NOUN
fbem-32368	111	49	.	.	PUNCT
fbem-32368	112	1	the	the	DET
fbem-32368	112	2	results	result	NOUN
fbem-32368	112	3	show	show	VERB
fbem-32368	112	4	that	that	SCONJ
fbem-32368	112	5	the	the	DET
fbem-32368	112	6	diversity	diversity	NOUN
fbem-32368	112	7	of	of	ADP
fbem-32368	112	8	the	the	DET
fbem-32368	112	9	compositional	compositional	ADJ
fbem-32368	112	10	characteristics	characteristic	NOUN
fbem-32368	112	11	of	of	ADP
fbem-32368	112	12	board	board	NOUN
fbem-32368	112	13	members	member	NOUN
fbem-32368	112	14	in	in	ADP
fbem-32368	112	15	listed	listed	ADJ
fbem-32368	112	16	companies	company	NOUN
fbem-32368	112	17	is	be	AUX
fbem-32368	112	18	conducive	conducive	ADJ
fbem-32368	112	19	to	to	ADP
fbem-32368	112	20	improving	improve	VERB
fbem-32368	112	21	the	the	DET
fbem-32368	112	22	company	company	NOUN
fbem-32368	112	23	's	's	PART
fbem-32368	112	24	performance	performance	NOUN
fbem-32368	112	25	level	level	NOUN
fbem-32368	112	26	.	.	PUNCT
fbem-32368	113	1	additionally	additionally	ADV
fbem-32368	113	2	,	,	PUNCT
fbem-32368	113	3	the	the	DET
fbem-32368	113	4	reliability	reliability	NOUN
fbem-32368	113	5	of	of	ADP
fbem-32368	113	6	the	the	DET
fbem-32368	113	7	above	above	ADJ
fbem-32368	113	8	conclusions	conclusion	NOUN
fbem-32368	113	9	can	can	AUX
fbem-32368	113	10	be	be	AUX
fbem-32368	113	11	verified	verify	VERB
fbem-32368	113	12	through	through	ADP
fbem-32368	113	13	the	the	DET
fbem-32368	113	14	robustness	robustness	NOUN
fbem-32368	113	15	test	test	NOUN
fbem-32368	113	16	.	.	PUNCT
fbem-32368	114	1	based	base	VERB
fbem-32368	114	2	on	on	ADP
fbem-32368	114	3	these	these	DET
fbem-32368	114	4	conclusions	conclusion	NOUN
fbem-32368	114	5	and	and	CCONJ
fbem-32368	114	6	viewpoints	viewpoint	NOUN
fbem-32368	114	7	,	,	PUNCT
fbem-32368	114	8	effective	effective	ADJ
fbem-32368	114	9	measures	measure	NOUN
fbem-32368	114	10	can	can	AUX
fbem-32368	114	11	be	be	AUX
fbem-32368	114	12	taken	take	VERB
fbem-32368	114	13	to	to	PART
fbem-32368	114	14	improve	improve	VERB
fbem-32368	114	15	the	the	DET
fbem-32368	114	16	board	board	NOUN
fbem-32368	114	17	structure	structure	NOUN
fbem-32368	114	18	,	,	PUNCT
fbem-32368	114	19	thereby	thereby	ADV
fbem-32368	114	20	enhancing	enhance	VERB
fbem-32368	114	21	the	the	DET
fbem-32368	114	22	own	own	ADJ
fbem-32368	114	23	performance	performance	NOUN
fbem-32368	114	24	of	of	ADP
fbem-32368	114	25	chinese	chinese	ADJ
fbem-32368	114	26	listed	list	VERB
fbem-32368	114	27	companies	company	NOUN
fbem-32368	114	28	.	.	PUNCT
fbem-32368	115	1	5.2	5.2	NUM
fbem-32368	115	2	.	.	PUNCT
fbem-32368	116	1	research	research	NOUN
fbem-32368	116	2	recommendations	recommendation	NOUN
fbem-32368	116	3	first	first	ADV
fbem-32368	116	4	,	,	PUNCT
fbem-32368	116	5	rationally	rationally	ADV
fbem-32368	116	6	arrange	arrange	VERB
fbem-32368	116	7	the	the	DET
fbem-32368	116	8	organization	organization	NOUN
fbem-32368	116	9	of	of	ADP
fbem-32368	116	10	listed	list	VERB
fbem-32368	116	11	companies	company	NOUN
fbem-32368	116	12	'	'	PART
fbem-32368	116	13	boards	board	NOUN
fbem-32368	116	14	of	of	ADP
fbem-32368	116	15	directors	director	NOUN
fbem-32368	116	16	.	.	PUNCT
fbem-32368	117	1	given	give	VERB
fbem-32368	117	2	the	the	DET
fbem-32368	117	3	positive	positive	ADJ
fbem-32368	117	4	effect	effect	NOUN
fbem-32368	117	5	of	of	ADP
fbem-32368	117	6	the	the	DET
fbem-32368	117	7	overall	overall	ADJ
fbem-32368	117	8	characteristic	characteristic	ADJ
fbem-32368	117	9	diversity	diversity	NOUN
fbem-32368	117	10	of	of	ADP
fbem-32368	117	11	board	board	NOUN
fbem-32368	117	12	members	member	NOUN
fbem-32368	117	13	on	on	ADP
fbem-32368	117	14	corporate	corporate	ADJ
fbem-32368	117	15	performance	performance	NOUN
fbem-32368	117	16	,	,	PUNCT
fbem-32368	117	17	when	when	SCONJ
fbem-32368	117	18	selecting	select	VERB
fbem-32368	117	19	and	and	CCONJ
fbem-32368	117	20	assigning	assign	VERB
fbem-32368	117	21	roles	role	NOUN
fbem-32368	117	22	to	to	ADP
fbem-32368	117	23	board	board	NOUN
fbem-32368	117	24	members	member	NOUN
fbem-32368	117	25	,	,	PUNCT
fbem-32368	117	26	it	it	PRON
fbem-32368	117	27	is	be	AUX
fbem-32368	117	28	necessary	necessary	ADJ
fbem-32368	117	29	to	to	PART
fbem-32368	117	30	ensure	ensure	VERB
fbem-32368	117	31	that	that	SCONJ
fbem-32368	117	32	they	they	PRON
fbem-32368	117	33	possess	possess	VERB
fbem-32368	117	34	professional	professional	ADJ
fbem-32368	117	35	skills	skill	NOUN
fbem-32368	117	36	and	and	CCONJ
fbem-32368	117	37	knowledge	knowledge	NOUN
fbem-32368	117	38	relevant	relevant	ADJ
fbem-32368	117	39	to	to	ADP
fbem-32368	117	40	the	the	DET
fbem-32368	117	41	company	company	NOUN
fbem-32368	117	42	's	's	PART
fbem-32368	117	43	business	business	NOUN
fbem-32368	117	44	.	.	PUNCT
fbem-32368	118	1	on	on	ADP
fbem-32368	118	2	this	this	DET
fbem-32368	118	3	basis	basis	NOUN
fbem-32368	118	4	,	,	PUNCT
fbem-32368	118	5	emphasis	emphasis	NOUN
fbem-32368	118	6	should	should	AUX
fbem-32368	118	7	be	be	AUX
fbem-32368	118	8	placed	place	VERB
fbem-32368	118	9	on	on	ADP
fbem-32368	118	10	the	the	DET
fbem-32368	118	11	diversity	diversity	NOUN
fbem-32368	118	12	of	of	ADP
fbem-32368	118	13	members	member	NOUN
fbem-32368	118	14	'	'	PART
fbem-32368	118	15	characteristics	characteristic	NOUN
fbem-32368	118	16	to	to	PART
fbem-32368	118	17	build	build	VERB
fbem-32368	118	18	a	a	DET
fbem-32368	118	19	diversified	diversified	ADJ
fbem-32368	118	20	board	board	NOUN
fbem-32368	118	21	.	.	PUNCT
fbem-32368	119	1	focus	focus	NOUN
fbem-32368	119	2	should	should	AUX
fbem-32368	119	3	be	be	AUX
fbem-32368	119	4	laid	lay	VERB
fbem-32368	119	5	on	on	ADP
fbem-32368	119	6	constructing	construct	VERB
fbem-32368	119	7	a	a	DET
fbem-32368	119	8	board	board	NOUN
fbem-32368	119	9	structure	structure	NOUN
fbem-32368	119	10	with	with	ADP
fbem-32368	119	11	a	a	DET
fbem-32368	119	12	multi	multi	ADJ
fbem-32368	119	13	-	-	ADJ
fbem-32368	119	14	level	level	ADJ
fbem-32368	119	15	age	age	NOUN
fbem-32368	119	16	composition	composition	NOUN
fbem-32368	119	17	and	and	CCONJ
fbem-32368	119	18	diverse	diverse	ADJ
fbem-32368	119	19	integration	integration	NOUN
fbem-32368	119	20	of	of	ADP
fbem-32368	119	21	financial	financial	ADJ
fbem-32368	119	22	backgrounds	background	NOUN
fbem-32368	119	23	.	.	PUNCT
fbem-32368	120	1	regular	regular	ADJ
fbem-32368	120	2	board	board	NOUN
fbem-32368	120	3	meeting	meeting	NOUN
fbem-32368	120	4	s	s	VERB
fbem-32368	120	5	should	should	AUX
fbem-32368	120	6	be	be	AUX
fbem-32368	120	7	held	hold	VERB
fbem-32368	120	8	to	to	PART
fbem-32368	120	9	ensure	ensure	VERB
fbem-32368	120	10	sufficient	sufficient	ADJ
fbem-32368	120	11	communication	communication	NOUN
fbem-32368	120	12	among	among	ADP
fbem-32368	120	13	members	member	NOUN
fbem-32368	120	14	,	,	PUNCT
fbem-32368	120	15	who	who	PRON
fbem-32368	120	16	can	can	AUX
fbem-32368	120	17	share	share	VERB
fbem-32368	120	18	information	information	NOUN
fbem-32368	120	19	and	and	CCONJ
fbem-32368	120	20	insights	insight	NOUN
fbem-32368	120	21	,	,	PUNCT
fbem-32368	120	22	so	so	SCONJ
fbem-32368	120	23	as	as	SCONJ
fbem-32368	120	24	to	to	PART
fbem-32368	120	25	better	well	ADV
fbem-32368	120	26	play	play	VERB
fbem-32368	120	27	a	a	DET
fbem-32368	120	28	complementary	complementary	ADJ
fbem-32368	120	29	role	role	NOUN
fbem-32368	120	30	in	in	ADP
fbem-32368	120	31	business	business	NOUN
fbem-32368	120	32	decision	decision	NOUN
fbem-32368	120	33	-making	-make	VERB
fbem-32368	120	34	and	and	CCONJ
fbem-32368	120	35	responding	respond	VERB
fbem-32368	120	36	to	to	ADP
fbem-32368	120	37	internal	internal	ADJ
fbem-32368	120	38	and	and	CCONJ
fbem-32368	120	39	external	external	ADJ
fbem-32368	120	40	risks	risk	NOUN
fbem-32368	120	41	.	.	PUNCT
fbem-32368	121	1	this	this	PRON
fbem-32368	121	2	will	will	AUX
fbem-32368	121	3	help	help	VERB
fbem-32368	121	4	companies	company	NOUN
fbem-32368	121	5	better	well	ADV
fbem-32368	121	6	"	"	PUNCT
fbem-32368	121	7	seize	seize	VERB
fbem-32368	121	8	opportunities	opportunity	NOUN
fbem-32368	121	9	in	in	ADP
fbem-32368	121	10	the	the	DET
fbem-32368	121	11	development	development	NOUN
fbem-32368	121	12	stage	stage	NOUN
fbem-32368	121	13	,	,	PUNCT
fbem-32368	121	14	optimize	optimize	VERB
fbem-32368	121	15	growth	growth	NOUN
fbem-32368	121	16	in	in	ADP
fbem-32368	121	17	the	the	DET
fbem-32368	121	18	growth	growth	NOUN
fbem-32368	121	19	stage	stage	NOUN
fbem-32368	121	20	,	,	PUNCT
fbem-32368	121	21	stabilize	stabilize	VERB
fbem-32368	121	22	capabilities	capability	NOUN
fbem-32368	121	23	in	in	ADP
fbem-32368	121	24	the	the	DET
fbem-32368	121	25	mature	mature	ADJ
fbem-32368	121	26	stage	stage	NOUN
fbem-32368	121	27	,	,	PUNCT
fbem-32368	121	28	and	and	CCONJ
fbem-32368	121	29	pursue	pursue	VERB
fbem-32368	121	30	transformation	transformation	NOUN
fbem-32368	121	31	in	in	ADP
fbem-32368	121	32	the	the	DET
fbem-32368	121	33	recession	recession	NOUN
fbem-32368	121	34	stage	stage	NOUN
fbem-32368	121	35	.	.	PUNCT
fbem-32368	121	36	"	"	PUNCT
fbem-32368	122	1	second	second	ADV
fbem-32368	122	2	,	,	PUNCT
fbem-32368	122	3	balance	balance	VERB
fbem-32368	122	4	the	the	DET
fbem-32368	122	5	professionalism	professionalism	NOUN
fbem-32368	122	6	and	and	CCONJ
fbem-32368	122	7	backgrounds	background	NOUN
fbem-32368	122	8	of	of	ADP
fbem-32368	122	9	board	board	NOUN
fbem-32368	122	10	members	member	NOUN
fbem-32368	122	11	.	.	PUNCT
fbem-32368	123	1	in	in	ADP
fbem-32368	123	2	view	view	NOUN
fbem-32368	123	3	of	of	ADP
fbem-32368	123	4	the	the	DET
fbem-32368	123	5	non	non	ADJ
fbem-32368	123	6	-linear	-linear	PROPN
fbem-32368	123	7	relationship	relationship	NOUN
fbem-32368	123	8	between	between	ADP
fbem-32368	123	9	the	the	DET
fbem-32368	123	10	diversity	diversity	NOUN
fbem-32368	123	11	of	of	ADP
fbem-32368	123	12	most	most	ADJ
fbem-32368	123	13	single	single	ADJ
fbem-32368	123	14	characteristics	characteristic	NOUN
fbem-32368	123	15	of	of	ADP
fbem-32368	123	16	board	board	NOUN
fbem-32368	123	17	members	member	NOUN
fbem-32368	123	18	and	and	CCONJ
fbem-32368	123	19	performance	performance	NOUN
fbem-32368	123	20	,	,	PUNCT
fbem-32368	123	21	listed	list	VERB
fbem-32368	123	22	companies	company	NOUN
fbem-32368	123	23	should	should	AUX
fbem-32368	123	24	establish	establish	VERB
fbem-32368	123	25	a	a	DET
fbem-32368	123	26	scientific	scientific	ADJ
fbem-32368	123	27	evaluation	evaluation	NOUN
fbem-32368	123	28	and	and	CCONJ
fbem-32368	123	29	incentive	incentive	NOUN
fbem-32368	123	30	mechanism	mechanism	NOUN
fbem-32368	123	31	for	for	ADP
fbem-32368	123	32	board	board	NOUN
fbem-32368	123	33	members	member	NOUN
fbem-32368	123	34	,	,	PUNCT
fbem-32368	123	35	objectively	objectively	ADV
fbem-32368	123	36	assess	assess	VERB
fbem-32368	123	37	their	their	PRON
fbem-32368	123	38	contributions	contribution	NOUN
fbem-32368	123	39	,	,	PUNCT
fbem-32368	123	40	and	and	CCONJ
fbem-32368	123	41	promptly	promptly	ADV
fbem-32368	123	42	track	track	VERB
fbem-32368	123	43	and	and	CCONJ
fbem-32368	123	44	monitor	monitor	VERB
fbem-32368	123	45	the	the	DET
fbem-32368	123	46	alignment	alignment	NOUN
fbem-32368	123	47	between	between	ADP
fbem-32368	123	48	industry	industry	NOUN
fbem-32368	123	49	trends	trend	NOUN
fbem-32368	123	50	and	and	CCONJ
fbem-32368	123	51	the	the	DET
fbem-32368	123	52	capabilities	capability	NOUN
fbem-32368	123	53	of	of	ADP
fbem-32368	123	54	board	board	NOUN
fbem-32368	123	55	members	member	NOUN
fbem-32368	123	56	.	.	PUNCT
fbem-32368	124	1	they	they	PRON
fbem-32368	124	2	should	should	AUX
fbem-32368	124	3	not	not	PART
fbem-32368	124	4	blindly	blindly	ADV
fbem-32368	124	5	strive	strive	VERB
fbem-32368	124	6	to	to	PART
fbem-32368	124	7	expand	expand	VERB
fbem-32368	124	8	the	the	DET
fbem-32368	124	9	diversity	diversity	NOUN
fbem-32368	124	10	of	of	ADP
fbem-32368	124	11	board	board	NOUN
fbem-32368	124	12	composition	composition	NOUN
fbem-32368	124	13	.	.	PUNCT
fbem-32368	125	1	instead	instead	ADV
fbem-32368	125	2	,	,	PUNCT
fbem-32368	125	3	in	in	ADP
fbem-32368	125	4	terms	term	NOUN
fbem-32368	125	5	of	of	ADP
fbem-32368	125	6	factors	factor	NOUN
fbem-32368	125	7	such	such	ADJ
fbem-32368	125	8	as	as	ADP
fbem-32368	125	9	gender	gender	NOUN
fbem-32368	125	10	,	,	PUNCT
fbem-32368	125	11	educational	educational	ADJ
fbem-32368	125	12	background	background	NOUN
fbem-32368	125	13	,	,	PUNCT
fbem-32368	125	14	and	and	CCONJ
fbem-32368	125	15	functional	functional	ADJ
fbem-32368	125	16	background	background	NOUN
fbem-32368	125	17	,	,	PUNCT
fbem-32368	125	18	they	they	PRON
fbem-32368	125	19	should	should	AUX
fbem-32368	125	20	align	align	VERB
fbem-32368	125	21	with	with	ADP
fbem-32368	125	22	the	the	DET
fbem-32368	125	23	most	most	ADV
fbem-32368	125	24	urgent	urgent	ADJ
fbem-32368	125	25	development	development	NOUN
fbem-32368	125	26	needs	need	NOUN
fbem-32368	125	27	of	of	ADP
fbem-32368	125	28	the	the	DET
fbem-32368	125	29	enterprise	enterprise	NOUN
fbem-32368	125	30	and	and	CCONJ
fbem-32368	125	31	industry	industry	NOUN
fbem-32368	125	32	at	at	ADP
fbem-32368	125	33	the	the	DET
fbem-32368	125	34	current	current	ADJ
fbem-32368	125	35	stage	stage	NOUN
fbem-32368	125	36	,	,	PUNCT
fbem-32368	125	37	and	and	CCONJ
fbem-32368	125	38	balance	balance	VERB
fbem-32368	125	39	the	the	DET
fbem-32368	125	40	professionalism	professionalism	NOUN
fbem-32368	125	41	and	and	CCONJ
fbem-32368	125	42	backgrounds	background	NOUN
fbem-32368	125	43	of	of	ADP
fbem-32368	125	44	board	board	NOUN
fbem-32368	125	45	members	member	NOUN
fbem-32368	125	46	.	.	PUNCT
fbem-32368	126	1	by	by	ADP
fbem-32368	126	2	establishing	establish	VERB
fbem-32368	126	3	a	a	DET
fbem-32368	126	4	multi	multi	ADJ
fbem-32368	126	5	-level	-level	NOUN
fbem-32368	126	6	talent	talent	NOUN
fbem-32368	126	7	pool	pool	NOUN
fbem-32368	126	8	for	for	ADP
fbem-32368	126	9	the	the	DET
fbem-32368	126	10	enterprise	enterprise	NOUN
fbem-32368	126	11	,	,	PUNCT
fbem-32368	126	12	the	the	DET
fbem-32368	126	13	company	company	NOUN
fbem-32368	126	14	can	can	AUX
fbem-32368	126	15	maximize	maximize	VERB
fbem-32368	126	16	the	the	DET
fbem-32368	126	17	advantages	advantage	NOUN
fbem-32368	126	18	of	of	ADP
fbem-32368	126	19	its	its	PRON
fbem-32368	126	20	human	human	ADJ
fbem-32368	126	21	resources	resource	NOUN
fbem-32368	126	22	,	,	PUNCT
fbem-32368	126	23	thereby	thereby	ADV
fbem-32368	126	24	facilitating	facilitate	VERB
fbem-32368	126	25	adjustments	adjustment	NOUN
fbem-32368	126	26	to	to	ADP
fbem-32368	126	27	the	the	DET
fbem-32368	126	28	board	board	NOUN
fbem-32368	126	29	composition	composition	NOUN
fbem-32368	126	30	and	and	CCONJ
fbem-32368	126	31	providing	provide	VERB
fbem-32368	126	32	reserve	reserve	NOUN
fbem-32368	126	33	support	support	NOUN
fbem-32368	126	34	for	for	ADP
fbem-32368	126	35	improving	improve	VERB
fbem-32368	126	36	corporate	corporate	ADJ
fbem-32368	126	37	performance	performance	NOUN
fbem-32368	126	38	.	.	PUNCT
fbem-32368	127	1	169	169	NUM
fbem-32368	127	2	second	second	ADJ
fbem-32368	127	3	,	,	PUNCT
fbem-32368	127	4	balance	balance	VERB
fbem-32368	127	5	the	the	DET
fbem-32368	127	6	professionalism	professionalism	NOUN
fbem-32368	127	7	and	and	CCONJ
fbem-32368	127	8	backgrounds	background	NOUN
fbem-32368	127	9	of	of	ADP
fbem-32368	127	10	board	board	NOUN
fbem-32368	127	11	members	member	NOUN
fbem-32368	127	12	.	.	PUNCT
fbem-32368	128	1	in	in	ADP
fbem-32368	128	2	view	view	NOUN
fbem-32368	128	3	of	of	ADP
fbem-32368	128	4	the	the	DET
fbem-32368	128	5	non	non	ADJ
fbem-32368	128	6	-linear	-linear	PROPN
fbem-32368	128	7	relationship	relationship	NOUN
fbem-32368	128	8	between	between	ADP
fbem-32368	128	9	the	the	DET
fbem-32368	128	10	diversity	diversity	NOUN
fbem-32368	128	11	of	of	ADP
fbem-32368	128	12	most	most	ADJ
fbem-32368	128	13	single	single	ADJ
fbem-32368	128	14	characteristics	characteristic	NOUN
fbem-32368	128	15	of	of	ADP
fbem-32368	128	16	board	board	NOUN
fbem-32368	128	17	members	member	NOUN
fbem-32368	128	18	and	and	CCONJ
fbem-32368	128	19	performance	performance	NOUN
fbem-32368	128	20	,	,	PUNCT
fbem-32368	128	21	listed	list	VERB
fbem-32368	128	22	companies	company	NOUN
fbem-32368	128	23	should	should	AUX
fbem-32368	128	24	establish	establish	VERB
fbem-32368	128	25	a	a	DET
fbem-32368	128	26	scientific	scientific	ADJ
fbem-32368	128	27	evaluation	evaluation	NOUN
fbem-32368	128	28	and	and	CCONJ
fbem-32368	128	29	incentive	incentive	NOUN
fbem-32368	128	30	mechanism	mechanism	NOUN
fbem-32368	128	31	for	for	ADP
fbem-32368	128	32	board	board	NOUN
fbem-32368	128	33	members	member	NOUN
fbem-32368	128	34	,	,	PUNCT
fbem-32368	128	35	objectively	objectively	ADV
fbem-32368	128	36	assess	assess	VERB
fbem-32368	128	37	their	their	PRON
fbem-32368	128	38	contributions	contribution	NOUN
fbem-32368	128	39	,	,	PUNCT
fbem-32368	128	40	and	and	CCONJ
fbem-32368	128	41	promptly	promptly	ADV
fbem-32368	128	42	track	track	VERB
fbem-32368	128	43	and	and	CCONJ
fbem-32368	128	44	monitor	monitor	VERB
fbem-32368	128	45	the	the	DET
fbem-32368	128	46	alignment	alignment	NOUN
fbem-32368	128	47	between	between	ADP
fbem-32368	128	48	industry	industry	NOUN
fbem-32368	128	49	trends	trend	NOUN
fbem-32368	128	50	and	and	CCONJ
fbem-32368	128	51	the	the	DET
fbem-32368	128	52	capabilities	capability	NOUN
fbem-32368	128	53	of	of	ADP
fbem-32368	128	54	board	board	NOUN
fbem-32368	128	55	members	member	NOUN
fbem-32368	128	56	.	.	PUNCT
fbem-32368	129	1	they	they	PRON
fbem-32368	129	2	should	should	AUX
fbem-32368	129	3	not	not	PART
fbem-32368	129	4	blindly	blindly	ADV
fbem-32368	129	5	strive	strive	VERB
fbem-32368	129	6	to	to	PART
fbem-32368	129	7	expand	expand	VERB
fbem-32368	129	8	the	the	DET
fbem-32368	129	9	diversity	diversity	NOUN
fbem-32368	129	10	of	of	ADP
fbem-32368	129	11	board	board	NOUN
fbem-32368	129	12	composition	composition	NOUN
fbem-32368	129	13	.	.	PUNCT
fbem-32368	130	1	instead	instead	ADV
fbem-32368	130	2	,	,	PUNCT
fbem-32368	130	3	in	in	ADP
fbem-32368	130	4	terms	term	NOUN
fbem-32368	130	5	of	of	ADP
fbem-32368	130	6	factors	factor	NOUN
fbem-32368	130	7	such	such	ADJ
fbem-32368	130	8	as	as	ADP
fbem-32368	130	9	gender	gender	NOUN
fbem-32368	130	10	,	,	PUNCT
fbem-32368	130	11	educational	educational	ADJ
fbem-32368	130	12	background	background	NOUN
fbem-32368	130	13	,	,	PUNCT
fbem-32368	130	14	and	and	CCONJ
fbem-32368	130	15	functional	functional	ADJ
fbem-32368	130	16	background	background	NOUN
fbem-32368	130	17	,	,	PUNCT
fbem-32368	130	18	they	they	PRON
fbem-32368	130	19	should	should	AUX
fbem-32368	130	20	align	align	VERB
fbem-32368	130	21	with	with	ADP
fbem-32368	130	22	the	the	DET
fbem-32368	130	23	most	most	ADV
fbem-32368	130	24	urgent	urgent	ADJ
fbem-32368	130	25	development	development	NOUN
fbem-32368	130	26	needs	need	NOUN
fbem-32368	130	27	of	of	ADP
fbem-32368	130	28	the	the	DET
fbem-32368	130	29	enterprise	enterprise	NOUN
fbem-32368	130	30	and	and	CCONJ
fbem-32368	130	31	industry	industry	NOUN
fbem-32368	130	32	at	at	ADP
fbem-32368	130	33	the	the	DET
fbem-32368	130	34	current	current	ADJ
fbem-32368	130	35	stage	stage	NOUN
fbem-32368	130	36	,	,	PUNCT
fbem-32368	130	37	and	and	CCONJ
fbem-32368	130	38	balance	balance	VERB
fbem-32368	130	39	the	the	DET
fbem-32368	130	40	professionalism	professionalism	NOUN
fbem-32368	130	41	and	and	CCONJ
fbem-32368	130	42	backgrounds	background	NOUN
fbem-32368	130	43	of	of	ADP
fbem-32368	130	44	board	board	NOUN
fbem-32368	130	45	members	member	NOUN
fbem-32368	130	46	.	.	PUNCT
fbem-32368	131	1	by	by	ADP
fbem-32368	131	2	establishing	establish	VERB
fbem-32368	131	3	a	a	DET
fbem-32368	131	4	multi	multi	ADJ
fbem-32368	131	5	-level	-level	NOUN
fbem-32368	131	6	talent	talent	NOUN
fbem-32368	131	7	pool	pool	NOUN
fbem-32368	131	8	for	for	ADP
fbem-32368	131	9	the	the	DET
fbem-32368	131	10	enterprise	enterprise	NOUN
fbem-32368	131	11	,	,	PUNCT
fbem-32368	131	12	the	the	DET
fbem-32368	131	13	company	company	NOUN
fbem-32368	131	14	can	can	AUX
fbem-32368	131	15	maximize	maximize	VERB
fbem-32368	131	16	the	the	DET
fbem-32368	131	17	advantages	advantage	NOUN
fbem-32368	131	18	of	of	ADP
fbem-32368	131	19	its	its	PRON
fbem-32368	131	20	human	human	ADJ
fbem-32368	131	21	resources	resource	NOUN
fbem-32368	131	22	,	,	PUNCT
fbem-32368	131	23	thereby	thereby	ADV
fbem-32368	131	24	facilitating	facilitate	VERB
fbem-32368	131	25	adjustments	adjustment	NOUN
fbem-32368	131	26	to	to	ADP
fbem-32368	131	27	the	the	DET
fbem-32368	131	28	board	board	NOUN
fbem-32368	131	29	composition	composition	NOUN
fbem-32368	131	30	and	and	CCONJ
fbem-32368	131	31	providing	provide	VERB
fbem-32368	131	32	reserve	reserve	NOUN
fbem-32368	131	33	support	support	NOUN
fbem-32368	131	34	for	for	ADP
fbem-32368	131	35	improving	improve	VERB
fbem-32368	131	36	corporate	corporate	ADJ
fbem-32368	131	37	performance	performance	NOUN
fbem-32368	131	38	.	.	PUNCT
fbem-32368	132	1	5.3	5.3	NUM
fbem-32368	132	2	.	.	PUNCT
fbem-32368	133	1	future	future	ADJ
fbem-32368	133	2	prospects	prospect	NOUN
fbem-32368	133	3	first	first	ADV
fbem-32368	133	4	,	,	PUNCT
fbem-32368	133	5	as	as	ADP
fbem-32368	133	6	fiduciaries	fiduciary	NOUN
fbem-32368	133	7	of	of	ADP
fbem-32368	133	8	shareholders	shareholder	NOUN
fbem-32368	133	9	,	,	PUNCT
fbem-32368	133	10	directors	director	NOUN
fbem-32368	133	11	are	be	AUX
fbem-32368	133	12	responsible	responsible	ADJ
fbem-32368	133	13	for	for	ADP
fbem-32368	133	14	managing	manage	VERB
fbem-32368	133	15	and	and	CCONJ
fbem-32368	133	16	supervising	supervise	VERB
fbem-32368	133	17	the	the	DET
fbem-32368	133	18	company	company	NOUN
fbem-32368	133	19	's	's	PART
fbem-32368	133	20	operations	operation	NOUN
fbem-32368	133	21	.	.	PUNCT
fbem-32368	134	1	a	a	DET
fbem-32368	134	2	rational	rational	ADJ
fbem-32368	134	3	board	board	NOUN
fbem-32368	134	4	structure	structure	NOUN
fbem-32368	134	5	can	can	AUX
fbem-32368	134	6	ensure	ensure	VERB
fbem-32368	134	7	that	that	SCONJ
fbem-32368	134	8	the	the	DET
fbem-32368	134	9	board	board	NOUN
fbem-32368	134	10	's	's	PART
fbem-32368	134	11	decisions	decision	NOUN
fbem-32368	134	12	align	align	VERB
fbem-32368	134	13	with	with	ADP
fbem-32368	134	14	the	the	DET
fbem-32368	134	15	best	good	ADJ
fbem-32368	134	16	interests	interest	NOUN
fbem-32368	134	17	of	of	ADP
fbem-32368	134	18	shareholders	shareholder	NOUN
fbem-32368	134	19	and	and	CCONJ
fbem-32368	134	20	effectively	effectively	ADV
fbem-32368	134	21	protect	protect	VERB
fbem-32368	134	22	shareholders	shareholder	NOUN
fbem-32368	134	23	'	'	PART
fbem-32368	134	24	rights	right	NOUN
fbem-32368	134	25	and	and	CCONJ
fbem-32368	134	26	interests	interest	NOUN
fbem-32368	134	27	.	.	PUNCT
fbem-32368	135	1	additionally	additionally	ADV
fbem-32368	135	2	,	,	PUNCT
fbem-32368	135	3	obtaining	obtain	VERB
fbem-32368	135	4	more	more	ADJ
fbem-32368	135	5	and	and	CCONJ
fbem-32368	135	6	more	more	ADV
fbem-32368	135	7	accurate	accurate	ADJ
fbem-32368	135	8	measurements	measurement	NOUN
fbem-32368	135	9	of	of	ADP
fbem-32368	135	10	board	board	NOUN
fbem-32368	135	11	structure	structure	NOUN
fbem-32368	135	12	characteristics	characteristic	NOUN
fbem-32368	135	13	can	can	AUX
fbem-32368	135	14	better	well	ADV
fbem-32368	135	15	rationally	rationally	ADV
fbem-32368	135	16	guarantee	guarantee	VERB
fbem-32368	135	17	the	the	DET
fbem-32368	135	18	company	company	NOUN
fbem-32368	135	19	's	's	PART
fbem-32368	135	20	stable	stable	ADJ
fbem-32368	135	21	operation	operation	NOUN
fbem-32368	135	22	and	and	CCONJ
fbem-32368	135	23	healthy	healthy	ADJ
fbem-32368	135	24	growth	growth	NOUN
fbem-32368	135	25	.	.	PUNCT
fbem-32368	136	1	for	for	ADP
fbem-32368	136	2	future	future	ADJ
fbem-32368	136	3	research	research	NOUN
fbem-32368	136	4	,	,	PUNCT
fbem-32368	136	5	focus	focus	NOUN
fbem-32368	136	6	can	can	AUX
fbem-32368	136	7	be	be	AUX
fbem-32368	136	8	placed	place	VERB
fbem-32368	136	9	on	on	ADP
fbem-32368	136	10	samples	sample	NOUN
fbem-32368	136	11	of	of	ADP
fbem-32368	136	12	listed	list	VERB
fbem-32368	136	13	companies	company	NOUN
fbem-32368	136	14	in	in	ADP
fbem-32368	136	15	different	different	ADJ
fbem-32368	136	16	industries	industry	NOUN
fbem-32368	136	17	to	to	PART
fbem-32368	136	18	verify	verify	VERB
fbem-32368	136	19	the	the	DET
fbem-32368	136	20	more	more	ADV
fbem-32368	136	21	direct	direct	ADJ
fbem-32368	136	22	and	and	CCONJ
fbem-32368	136	23	obvious	obvious	ADJ
fbem-32368	136	24	effects	effect	NOUN
fbem-32368	136	25	and	and	CCONJ
fbem-32368	136	26	mechanisms	mechanism	NOUN
fbem-32368	136	27	of	of	ADP
fbem-32368	136	28	board	board	NOUN
fbem-32368	136	29	composition	composition	NOUN
fbem-32368	136	30	in	in	ADP
fbem-32368	136	31	specific	specific	ADJ
fbem-32368	136	32	industries	industry	NOUN
fbem-32368	136	33	.	.	PUNCT
fbem-32368	137	1	this	this	PRON
fbem-32368	137	2	will	will	AUX
fbem-32368	137	3	provide	provide	VERB
fbem-32368	137	4	guidance	guidance	NOUN
fbem-32368	137	5	for	for	ADP
fbem-32368	137	6	the	the	DET
fbem-32368	137	7	establishment	establishment	NOUN
fbem-32368	137	8	,	,	PUNCT
fbem-32368	137	9	management	management	NOUN
fbem-32368	137	10	,	,	PUNCT
fbem-32368	137	11	and	and	CCONJ
fbem-32368	137	12	operation	operation	NOUN
fbem-32368	137	13	of	of	ADP
fbem-32368	137	14	boards	board	NOUN
fbem-32368	137	15	of	of	ADP
fbem-32368	137	16	directors	director	NOUN
fbem-32368	137	17	across	across	ADP
fbem-32368	137	18	various	various	ADJ
fbem-32368	137	19	industries	industry	NOUN
fbem-32368	137	20	.	.	PUNCT
fbem-32368	138	1	references	reference	NOUN
fbem-32368	138	2	[	[	X
fbem-32368	138	3	1	1	NUM
fbem-32368	138	4	]	]	PUNCT
fbem-32368	138	5	jensen	jensen	PROPN
fbem-32368	138	6	michael	michael	PROPN
fbem-32368	138	7	c.	c.	PROPN
fbem-32368	138	8	theory	theory	NOUN
fbem-32368	138	9	of	of	ADP
fbem-32368	138	10	the	the	DET
fbem-32368	138	11	firm	firm	NOUN
fbem-32368	138	12	:	:	PUNCT
fbem-32368	138	13	managerial	managerial	ADJ
fbem-32368	138	14	behavior	behavior	NOUN
fbem-32368	138	15	,	,	PUNCT
fbem-32368	138	16	agencycosts	agencycost	NOUN
fbem-32368	138	17	and	and	CCONJ
fbem-32368	138	18	ownership	ownership	NOUN
fbem-32368	138	19	structure	structure	NOUN
fbem-32368	139	1	[	[	X
fbem-32368	139	2	j	j	X
fbem-32368	139	3	]	]	X
fbem-32368	139	4	.	.	PUNCT
fbem-32368	140	1	journal	journal	PROPN
fbem-32368	140	2	of	of	ADP
fbem-32368	140	3	financial	financial	ADJ
fbem-32368	140	4	economics	economic	NOUN
fbem-32368	140	5	,	,	PUNCT
fbem-32368	140	6	1976(4):305	1976(4):305	NUM
fbem-32368	140	7	-	-	SYM
fbem-32368	140	8	360	360	NUM
fbem-32368	140	9	.	.	PUNCT
fbem-32368	141	1	[	[	X
fbem-32368	141	2	2	2	NUM
fbem-32368	141	3	]	]	X
fbem-32368	141	4	donald	donald	PROPN
fbem-32368	141	5	c.	c.	PROPN
fbem-32368	141	6	hambrick	hambrick	PROPN
fbem-32368	141	7	;	;	PUNCT
fbem-32368	141	8	phyllis	phyllis	PROPN
fbem-32368	141	9	a.	a.	PROPN
fbem-32368	141	10	mason	mason	PROPN
fbem-32368	141	11	.	.	PUNCT
fbem-32368	142	1	upper	upper	ADJ
fbem-32368	142	2	echelons	echelon	NOUN
fbem-32368	142	3	:	:	PUNCT
fbem-32368	142	4	the	the	DET
fbem-32368	142	5	organization	organization	NOUN
fbem-32368	142	6	as	as	ADP
fbem-32368	142	7	a	a	DET
fbem-32368	142	8	reflection	reflection	NOUN
fbem-32368	142	9	of	of	ADP
fbem-32368	142	10	its	its	PRON
fbem-32368	142	11	top	top	ADJ
fbem-32368	142	12	managers	manager	NOUN
fbem-32368	142	13	[	[	X
fbem-32368	142	14	j	j	X
fbem-32368	142	15	]	]	X
fbem-32368	142	16	.	.	PUNCT
fbem-32368	143	1	the	the	DET
fbem-32368	143	2	academy	academy	PROPN
fbem-32368	143	3	of	of	ADP
fbem-32368	143	4	management	management	PROPN
fbem-32368	143	5	review	review	PROPN
fbem-32368	143	6	,	,	PUNCT
fbem-32368	143	7	1984(2	1984(2	NUM
fbem-32368	143	8	)	)	PUNCT
fbem-32368	143	9	.	.	PUNCT
fbem-32368	144	1	[	[	X
fbem-32368	144	2	3	3	X
fbem-32368	144	3	]	]	X
fbem-32368	144	4	wu	wu	PROPN
fbem-32368	144	5	dejun	dejun	PROPN
fbem-32368	144	6	,	,	PUNCT
fbem-32368	144	7	huang	huang	PROPN
fbem-32368	144	8	dandan	dandan	PROPN
fbem-32368	144	9	.	.	PROPN
fbem-32368	145	1	top	top	ADJ
fbem-32368	145	2	management	management	NOUN
fbem-32368	145	3	characteristics	characteristic	NOUN
fbem-32368	145	4	and	and	CCONJ
fbem-32368	145	5	corporate	corporate	ADJ
fbem-32368	145	6	environmental	environmental	ADJ
fbem-32368	145	7	performance	performance	NOUN
fbem-32368	146	1	[	[	X
fbem-32368	146	2	j	j	X
fbem-32368	146	3	]	]	X
fbem-32368	146	4	.	.	PUNCT
fbem-32368	147	1	journal	journal	PROPN
fbem-32368	147	2	of	of	ADP
fbem-32368	147	3	zhongnan	zhongnan	PROPN
fbem-32368	147	4	university	university	PROPN
fbem-32368	147	5	of	of	ADP
fbem-32368	147	6	economics	economic	NOUN
fbem-32368	147	7	and	and	CCONJ
fbem-32368	147	8	law	law	NOUN
fbem-32368	147	9	,	,	PUNCT
fbem-32368	147	10	2013	2013	NUM
fbem-32368	147	11	,	,	PUNCT
fbem-32368	147	12	(	(	PUNCT
fbem-32368	147	13	05	05	NUM
fbem-32368	147	14	):	):	PUNCT
fbem-32368	147	15	109114	109114	NUM
fbem-32368	147	16	.	.	PUNCT
fbem-32368	148	1	[	[	X
fbem-32368	148	2	4	4	X
fbem-32368	148	3	]	]	X
fbem-32368	148	4	yang	yang	PROPN
fbem-32368	148	5	xuan	xuan	PROPN
fbem-32368	148	6	,	,	PUNCT
fbem-32368	148	7	luo	luo	PROPN
fbem-32368	148	8	fei	fei	PROPN
fbem-32368	148	9	.	.	PUNCT
fbem-32368	149	1	a	a	DET
fbem-32368	149	2	study	study	NOUN
fbem-32368	149	3	on	on	ADP
fbem-32368	149	4	the	the	DET
fbem-32368	149	5	relationship	relationship	NOUN
fbem-32368	149	6	between	between	ADP
fbem-32368	149	7	top	top	ADJ
fbem-32368	149	8	management	management	NOUN
fbem-32368	149	9	team	team	NOUN
fbem-32368	149	10	characteristics	characteristic	NOUN
fbem-32368	149	11	and	and	CCONJ
fbem-32368	149	12	corporate	corporate	ADJ
fbem-32368	149	13	innovatio	innovatio	NOUN
fbem-32368	149	14	n	n	DET
fbem-32368	149	15	behavior	behavior	NOUN
fbem-32368	149	16	of	of	ADP
fbem-32368	149	17	small	small	ADJ
fbem-32368	149	18	and	and	CCONJ
fbem-32368	149	19	medium	medium	ADJ
fbem-32368	149	20	-	-	PUNCT
fbem-32368	149	21	sized	sized	ADJ
fbem-32368	149	22	board	board	NOUN
fbem-32368	149	23	listed	list	VERB
fbem-32368	149	24	companies	company	NOUN
fbem-32368	149	25	[	[	X
fbem-32368	149	26	j	j	X
fbem-32368	149	27	]	]	X
fbem-32368	149	28	.	.	PUNCT
fbem-32368	150	1	collected	collect	VERB
fbem-32368	150	2	essays	essay	NOUN
fbem-32368	150	3	on	on	ADP
fbem-32368	150	4	finance	finance	NOUN
fbem-32368	150	5	and	and	CCONJ
fbem-32368	150	6	economics	economic	NOUN
fbem-32368	150	7	,	,	PUNCT
fbem-32368	150	8	2016	2016	NUM
fbem-32368	150	9	,	,	PUNCT
fbem-32368	150	10	(	(	PUNCT
fbem-32368	150	11	05	05	NUM
fbem-32368	150	12	):	):	PUNCT
fbem-32368	150	13	8795	8795	NUM
fbem-32368	150	14	.	.	PUNCT
fbem-32368	151	1	[	[	X
fbem-32368	151	2	5	5	X
fbem-32368	151	3	]	]	X
fbem-32368	151	4	lu	lu	PROPN
fbem-32368	151	5	xin	xin	PROPN
fbem-32368	151	6	,	,	PUNCT
fbem-32368	151	7	zhang	zhang	PROPN
fbem-32368	151	8	lele	lele	PROPN
fbem-32368	151	9	,	,	PUNCT
fbem-32368	151	10	li	li	PROPN
fbem-32368	151	11	huimin	huimin	PROPN
fbem-32368	151	12	,	,	PUNCT
fbem-32368	151	13	ding	de	VERB
fbem-32368	151	14	yanping	yanping	NOUN
fbem-32368	151	15	.	.	PUNCT
fbem-32368	152	1	top	top	ADJ
fbem-32368	152	2	management	management	NOUN
fbem-32368	152	3	team	team	NOUN
fbem-32368	152	4	background	background	NOUN
fbem-32368	152	5	characteristics	characteristic	NOUN
fbem-32368	152	6	and	and	CCONJ
fbem-32368	152	7	investmen	investman	NOUN
fbem-32368	152	8	t	t	PROPN
fbem-32368	152	9	efficiency	efficiency	NOUN
fbem-32368	152	10	:	:	PUNCT
fbem-32368	152	11	a	a	DET
fbem-32368	152	12	study	study	NOUN
fbem-32368	152	13	based	base	VERB
fbem-32368	152	14	on	on	ADP
fbem-32368	152	15	the	the	DET
fbem-32368	152	16	moderating	moderate	VERB
fbem-32368	152	17	effect	effect	NOUN
fbem-32368	152	18	of	of	ADP
fbem-32368	152	19	executiv	executiv	NOUN
fbem-32368	152	20	e	e	NOUN
fbem-32368	152	21	incentives	incentive	VERB
fbem-32368	152	22	[	[	X
fbem-32368	152	23	j	j	X
fbem-32368	152	24	]	]	X
fbem-32368	152	25	.	.	PUNCT
fbem-32368	153	1	journal	journal	PROPN
fbem-32368	153	2	of	of	ADP
fbem-32368	153	3	audit	audit	NOUN
fbem-32368	153	4	&	&	CCONJ
fbem-32368	153	5	economics	economic	NOUN
fbem-32368	153	6	,	,	PUNCT
fbem-32368	153	7	2017	2017	NUM
fbem-32368	153	8	,	,	PUNCT
fbem-32368	153	9	32	32	NUM
fbem-32368	153	10	(	(	PUNCT
fbem-32368	153	11	02	02	NUM
fbem-32368	153	12	):	):	PUNCT
fbem-32368	153	13	66	66	NUM
fbem-32368	153	14	-	-	SYM
fbem-32368	153	15	77	77	NUM
fbem-32368	153	16	.	.	PUNCT
fbem-32368	154	1	[	[	X
fbem-32368	154	2	6	6	NUM
fbem-32368	154	3	]	]	PUNCT
fbem-32368	154	4	zhu	zhu	PROPN
fbem-32368	154	5	mingqi	mingqi	PROPN
fbem-32368	154	6	,	,	PUNCT
fbem-32368	154	7	zhang	zhang	PROPN
fbem-32368	154	8	fuxiang	fuxiang	PROPN
fbem-32368	154	9	.	.	PUNCT
fbem-32368	155	1	top	top	ADJ
fbem-32368	155	2	management	management	NOUN
fbem-32368	155	3	team	team	NOUN
fbem-32368	155	4	,	,	PUNCT
fbem-32368	155	5	corporate	corporate	ADJ
fbem-32368	155	6	innovation	innovation	NOUN
fbem-32368	155	7	and	and	CCONJ
fbem-32368	155	8	corporate	corporate	ADJ
fbem-32368	155	9	performance	performance	NOUN
fbem-32368	155	10	:	:	PUNCT
fbem-32368	155	11	an	an	DET
fbem-32368	155	12	empirical	empirical	ADJ
fbem-32368	155	13	study	study	NOUN
fbem-32368	155	14	based	base	VERB
fbem-32368	155	15	on	on	ADP
fbem-32368	155	16	the	the	DET
fbem-32368	155	17	mediating	mediate	VERB
fbem-32368	155	18	role	role	NOUN
fbem-32368	155	19	of	of	ADP
fbem-32368	155	20	corporate	corporate	ADJ
fbem-32368	155	21	innovation	innovation	NOUN
fbem-32368	156	1	[	[	X
fbem-32368	156	2	j	j	X
fbem-32368	156	3	]	]	X
fbem-32368	156	4	.	.	PUNCT
fbem-32368	157	1	friends	friend	NOUN
fbem-32368	157	2	of	of	ADP
fbem-32368	157	3	accounting	accounting	NOUN
fbem-32368	157	4	,	,	PUNCT
fbem-32368	157	5	2018(22	2018(22	NUM
fbem-32368	157	6	)	)	PUNCT
fbem-32368	157	7	.	.	PUNCT
fbem-32368	158	1	[	[	X
fbem-32368	158	2	7	7	X
fbem-32368	158	3	]	]	X
fbem-32368	158	4	yan	yan	PROPN
fbem-32368	158	5	yonghai	yonghai	PROPN
fbem-32368	158	6	.	.	PUNCT
fbem-32368	159	1	board	board	NOUN
fbem-32368	159	2	gender	gender	NOUN
fbem-32368	159	3	diversity	diversity	NOUN
fbem-32368	159	4	and	and	CCONJ
fbem-32368	159	5	corporate	corporate	ADJ
fbem-32368	159	6	financial	financial	ADJ
fbem-32368	159	7	performance	performance	NOUN
fbem-32368	159	8	:	:	PUNCT
fbem-32368	159	9	empirical	empirical	ADJ
fbem-32368	159	10	evidence	evidence	NOUN
fbem-32368	159	11	from	from	ADP
fbem-32368	159	12	small	small	ADJ
fbem-32368	159	13	and	and	CCONJ
fbem-32368	159	14	medium	medium	ADJ
fbem-32368	159	15	sized	sized	ADJ
fbem-32368	159	16	board	board	NOUN
fbem-32368	159	17	listed	list	VERB
fbem-32368	159	18	enterprises	enterprise	NOUN
fbem-32368	159	19	[	[	X
fbem-32368	159	20	j	j	X
fbem-32368	159	21	]	]	X
fbem-32368	159	22	.	.	PUNCT
fbem-32368	160	1	friends	friend	NOUN
fbem-32368	160	2	of	of	ADP
fbem-32368	160	3	accounting	accounting	NOUN
fbem-32368	160	4	,	,	PUNCT
fbem-32368	160	5	2014(18):33	2014(18):33	NUM
fbem-32368	160	6	-	-	SYM
fbem-32368	160	7	37	37	NUM
fbem-32368	160	8	.	.	PUNCT
fbem-32368	161	1	[	[	X
fbem-32368	161	2	8	8	NUM
fbem-32368	161	3	]	]	X
fbem-32368	161	4	li	li	PROPN
fbem-32368	161	5	jinglin	jinglin	PROPN
fbem-32368	161	6	,	,	PUNCT
fbem-32368	161	7	yang	yang	PROPN
fbem-32368	161	8	zhen	zhen	PROPN
fbem-32368	161	9	.	.	PUNCT
fbem-32368	162	1	board	board	NOUN
fbem-32368	162	2	gender	gender	NOUN
fbem-32368	162	3	diversity	diversity	NOUN
fbem-32368	162	4	,	,	PUNCT
fbem-32368	162	5	corporate	corporate	ADJ
fbem-32368	162	6	social	social	ADJ
fbem-32368	162	7	responsibility	responsibility	NOUN
fbem-32368	162	8	and	and	CCONJ
fbem-32368	162	9	corporate	corporate	ADJ
fbem-32368	162	10	technological	technological	ADJ
fbem-32368	162	11	innovation	innovation	NOUN
fbem-32368	162	12	:	:	PUNCT
fbem-32368	162	13	an	an	DET
fbem-32368	162	14	empirical	empirical	ADJ
fbem-32368	162	15	study	study	NOUN
fbem-32368	162	16	based	base	VERB
fbem-32368	162	17	on	on	ADP
fbem-32368	162	18	chinese	chinese	ADJ
fbem-32368	162	19	listed	list	VERB
fbem-32368	162	20	enterprises	enterprise	NOUN
fbem-32368	162	21	[	[	X
fbem-32368	162	22	j	j	X
fbem-32368	162	23	]	]	X
fbem-32368	162	24	.	.	PUNCT
fbem-32368	163	1	science	science	NOUN
fbem-32368	163	2	of	of	ADP
fbem-32368	163	3	science	science	NOUN
fbem-32368	163	4	and	and	CCONJ
fbem-32368	163	5	management	management	NOUN
fbem-32368	163	6	of	of	ADP
fbem-32368	163	7	s&t	s&t	PROPN
fbem-32368	163	8	,	,	PUNCT
fbem-32368	163	9	2019	2019	NUM
fbem-32368	163	10	,	,	PUNCT
fbem-32368	163	11	40(05):34	40(05):34	PROPN
fbem-32368	163	12	-	-	SYM
fbem-32368	163	13	51	51	NUM
fbem-32368	163	14	.	.	PUNCT
fbem-32368	164	1	[	[	X
fbem-32368	164	2	9	9	NUM
fbem-32368	164	3	]	]	X
fbem-32368	164	4	wen	wen	X
fbem-32368	164	5	fang	fang	PROPN
fbem-32368	164	6	,	,	PUNCT
fbem-32368	164	7	hu	hu	PROPN
fbem-32368	164	8	yuming	yuming	PROPN
fbem-32368	164	9	.	.	PUNCT
fbem-32368	165	1	top	top	ADJ
fbem-32368	165	2	management	management	NOUN
fbem-32368	165	3	personal	personal	ADJ
fbem-32368	165	4	characteristics	characteristic	NOUN
fbem-32368	165	5	and	and	CCONJ
fbem-32368	165	6	r&d	r&d	NOUN
fbem-32368	165	7	investment	investment	NOUN
fbem-32368	165	8	in	in	ADP
fbem-32368	165	9	chinese	chinese	ADJ
fbem-32368	165	10	listed	list	VERB
fbem-32368	165	11	enterprises	enterprise	NOUN
fbem-32368	166	1	[	[	X
fbem-32368	166	2	j	j	X
fbem-32368	166	3	]	]	X
fbem-32368	166	4	.	.	PUNCT
fbem-32368	167	1	management	management	PROPN
fbem-32368	167	2	review	review	PROPN
fbem-32368	167	3	,	,	PUNCT
fbem-32368	167	4	2009	2009	NUM
fbem-32368	167	5	,	,	PUNCT
fbem-32368	167	6	21(11):84	21(11):84	NUM
fbem-32368	167	7	-	-	SYM
fbem-32368	167	8	91	91	NUM
fbem-32368	167	9	+	+	NOUN
fbem-32368	167	10	128	128	NUM
fbem-32368	167	11	.	.	PUNCT
fbem-32368	168	1	[	[	X
fbem-32368	168	2	10	10	NUM
fbem-32368	168	3	]	]	X
fbem-32368	168	4	zhang	zhang	PROPN
fbem-32368	168	5	junrui	junrui	PROPN
fbem-32368	168	6	,	,	PUNCT
fbem-32368	168	7	wang	wang	PROPN
fbem-32368	168	8	peng	peng	PROPN
fbem-32368	168	9	,	,	PUNCT
fbem-32368	168	10	jia	jia	PROPN
fbem-32368	168	11	zongwu	zongwu	PROPN
fbem-32368	168	12	,	,	PUNCT
fbem-32368	168	13	zeng	zeng	PROPN
fbem-32368	168	14	zhen	zhen	PROPN
fbem-32368	168	15	.	.	PUNCT
fbem-32368	169	1	a	a	DET
fbem-32368	169	2	study	study	NOUN
fbem-32368	169	3	on	on	ADP
fbem-32368	169	4	the	the	DET
fbem-32368	169	5	impact	impact	NOUN
fbem-32368	169	6	of	of	ADP
fbem-32368	169	7	independent	independent	ADJ
fbem-32368	169	8	director	director	NOUN
fbem-32368	169	9	background	background	NOUN
fbem-32368	169	10	on	on	ADP
fbem-32368	169	11	corporate	corporate	ADJ
fbem-32368	169	12	value	value	NOUN
fbem-32368	169	13	:	:	PUNCT
fbem-32368	169	14	empirical	empirical	ADJ
fbem-32368	169	15	evidence	evidence	NOUN
fbem-32368	169	16	from	from	ADP
fbem-32368	169	17	small	small	ADJ
fbem-32368	169	18	and	and	CCONJ
fbem-32368	169	19	medium	medium	ADJ
fbem-32368	169	20	-	-	PUNCT
fbem-32368	169	21	sized	sized	ADJ
fbem-32368	169	22	enterprise	enterprise	NOUN
fbem-32368	169	23	board	board	NOUN
fbem-32368	169	24	listed	list	VERB
fbem-32368	169	25	companies	company	NOUN
fbem-32368	170	1	[	[	X
fbem-32368	170	2	j	j	X
fbem-32368	170	3	]	]	X
fbem-32368	170	4	.	.	PUNCT
fbem-32368	171	1	journal	journal	PROPN
fbem-32368	171	2	of	of	ADP
fbem-32368	171	3	statistics	statistic	NOUN
fbem-32368	171	4	and	and	CCONJ
fbem-32368	171	5	information	information	NOUN
fbem-32368	171	6	forum	forum	PROPN
fbem-32368	171	7	,	,	PUNCT
fbem-32368	171	8	2010	2010	NUM
fbem-32368	171	9	,	,	PUNCT
fbem-32368	171	10	25(06):63	25(06):63	NUM
fbem-32368	171	11	-	-	SYM
fbem-32368	171	12	70	70	NUM
fbem-32368	171	13	.	.	PUNCT
fbem-32368	172	1	[	[	X
fbem-32368	172	2	11	11	NUM
fbem-32368	172	3	]	]	X
fbem-32368	172	4	ke	ke	PROPN
fbem-32368	172	5	jianglin	jianglin	PROPN
fbem-32368	172	6	,	,	PUNCT
fbem-32368	172	7	sun	sun	PROPN
fbem-32368	172	8	jianmin	jianmin	PROPN
fbem-32368	172	9	,	,	PUNCT
fbem-32368	172	10	zhang	zhang	PROPN
fbem-32368	172	11	biwu	biwu	PROPN
fbem-32368	172	12	.	.	PUNCT
fbem-32368	173	1	reasons	reason	NOUN
fbem-32368	173	2	for	for	ADP
fbem-32368	173	3	turnover	turnover	NOUN
fbem-32368	173	4	of	of	ADP
fbem-32368	173	5	top	top	ADJ
fbem-32368	173	6	management	management	NOUN
fbem-32368	173	7	team	team	NOUN
fbem-32368	173	8	members	member	NOUN
fbem-32368	173	9	in	in	ADP
fbem-32368	173	10	chinese	chinese	ADJ
fbem-32368	173	11	listed	list	VERB
fbem-32368	173	12	companies	company	NOUN
fbem-32368	173	13	:	:	PUNCT
fbem-32368	173	14	an	an	DET
fbem-32368	173	15	explanation	explanation	NOUN
fbem-32368	173	16	and	and	CCONJ
fbem-32368	173	17	empirical	empirical	ADJ
fbem-32368	173	18	study	study	NOUN
fbem-32368	173	19	based	base	VERB
fbem-32368	173	20	on	on	ADP
fbem-32368	173	21	demographic	demographic	ADJ
fbem-32368	173	22	characteristic	characteristic	ADJ
fbem-32368	173	23	gaps	gap	NOUN
fbem-32368	173	24	[	[	X
fbem-32368	173	25	j	j	X
fbem-32368	173	26	]	]	X
fbem-32368	173	27	.	.	PUNCT
fbem-32368	174	1	economic	economic	ADJ
fbem-32368	174	2	management	management	NOUN
fbem-32368	174	3	journal	journal	NOUN
fbem-32368	174	4	,	,	PUNCT
fbem-32368	174	5	2006	2006	NUM
fbem-32368	174	6	,	,	PUNCT
fbem-32368	174	7	(	(	PUNCT
fbem-32368	174	8	23):55	23):55	NUM
fbem-32368	174	9	-	-	SYM
fbem-32368	174	10	60	60	NUM
fbem-32368	174	11	.	.	PUNCT