id	sid	tid	token	lemma	pos
fbem-3628	1	1	frontiers	frontier	NOUN
fbem-3628	1	2	in	in	ADP
fbem-3628	1	3	business	business	NOUN
fbem-3628	1	4	,	,	PUNCT
fbem-3628	1	5	economics	economic	NOUN
fbem-3628	1	6	and	and	CCONJ
fbem-3628	1	7	management	management	NOUN
fbem-3628	1	8	issn	issn	PROPN
fbem-3628	1	9	:	:	PUNCT
fbem-3628	1	10	2766	2766	NUM
fbem-3628	1	11	-	-	PUNCT
fbem-3628	1	12	824x	824x	NUM
fbem-3628	1	13	|	|	ADJ
fbem-3628	1	14	vol	vol	NOUN
fbem-3628	1	15	.	.	PROPN
fbem-3628	2	1	6	6	NUM
fbem-3628	2	2	,	,	PUNCT
fbem-3628	2	3	no	no	INTJ
fbem-3628	2	4	.	.	NOUN
fbem-3628	2	5	3	3	NUM
fbem-3628	2	6	,	,	PUNCT
fbem-3628	2	7	2022	2022	NUM
fbem-3628	2	8	241	241	NUM
fbem-3628	2	9	research	research	NOUN
fbem-3628	2	10	on	on	ADP
fbem-3628	2	11	bank	bank	NOUN
fbem-3628	2	12	financial	financial	ADJ
fbem-3628	2	13	risk	risk	NOUN
fbem-3628	2	14	control	control	NOUN
fbem-3628	2	15	mechanism	mechanism	NOUN
fbem-3628	2	16	based	base	VERB
fbem-3628	2	17	on	on	ADP
fbem-3628	2	18	kmv	kmv	PROPN
fbem-3628	2	19	model	model	NOUN
fbem-3628	3	1	qingyuan	qingyuan	PROPN
fbem-3628	4	1	zhang	zhang	PROPN
fbem-3628	5	1	quanzhou	quanzhou	PROPN
fbem-3628	5	2	no.5	no.5	PROPN
fbem-3628	5	3	middle	middle	PROPN
fbem-3628	5	4	school	school	PROPN
fbem-3628	5	5	,	,	PUNCT
fbem-3628	5	6	quanzhou	quanzhou	PROPN
fbem-3628	5	7	,	,	PUNCT
fbem-3628	5	8	china	china	PROPN
fbem-3628	5	9	abstract	abstract	NOUN
fbem-3628	5	10	:	:	PUNCT
fbem-3628	5	11	starting	start	VERB
fbem-3628	5	12	from	from	ADP
fbem-3628	5	13	the	the	DET
fbem-3628	5	14	loan	loan	NOUN
fbem-3628	5	15	users	user	NOUN
fbem-3628	5	16	,	,	PUNCT
fbem-3628	5	17	kmv	kmv	NOUN
fbem-3628	5	18	model	model	NOUN
fbem-3628	5	19	transfers	transfer	VERB
fbem-3628	5	20	the	the	DET
fbem-3628	5	21	evaluation	evaluation	NOUN
fbem-3628	5	22	of	of	ADP
fbem-3628	5	23	credit	credit	NOUN
fbem-3628	5	24	risk	risk	NOUN
fbem-3628	5	25	from	from	ADP
fbem-3628	5	26	the	the	DET
fbem-3628	5	27	perspective	perspective	NOUN
fbem-3628	5	28	of	of	ADP
fbem-3628	5	29	banks	bank	NOUN
fbem-3628	5	30	to	to	ADP
fbem-3628	5	31	the	the	DET
fbem-3628	5	32	perspective	perspective	NOUN
fbem-3628	5	33	of	of	ADP
fbem-3628	5	34	repayment	repayment	NOUN
fbem-3628	5	35	enterprises	enterprise	NOUN
fbem-3628	5	36	,	,	PUNCT
fbem-3628	5	37	and	and	CCONJ
fbem-3628	5	38	judges	judge	NOUN
fbem-3628	5	39	whether	whether	SCONJ
fbem-3628	5	40	the	the	DET
fbem-3628	5	41	lending	lending	NOUN
fbem-3628	5	42	enterprises	enterprise	NOUN
fbem-3628	5	43	have	have	VERB
fbem-3628	5	44	repayment	repayment	NOUN
fbem-3628	5	45	ability	ability	NOUN
fbem-3628	5	46	as	as	ADP
fbem-3628	5	47	the	the	DET
fbem-3628	5	48	basis	basis	NOUN
fbem-3628	5	49	for	for	ADP
fbem-3628	5	50	evaluating	evaluate	VERB
fbem-3628	5	51	credit	credit	NOUN
fbem-3628	5	52	risk	risk	NOUN
fbem-3628	5	53	.	.	PUNCT
fbem-3628	6	1	credit	credit	NOUN
fbem-3628	6	2	risk	risk	NOUN
fbem-3628	6	3	is	be	AUX
fbem-3628	6	4	the	the	DET
fbem-3628	6	5	core	core	ADJ
fbem-3628	6	6	risk	risk	NOUN
fbem-3628	6	7	faced	face	VERB
fbem-3628	6	8	by	by	ADP
fbem-3628	6	9	commercial	commercial	ADJ
fbem-3628	6	10	banks	bank	NOUN
fbem-3628	6	11	.	.	PUNCT
fbem-3628	7	1	when	when	SCONJ
fbem-3628	7	2	the	the	DET
fbem-3628	7	3	economic	economic	ADJ
fbem-3628	7	4	situation	situation	NOUN
fbem-3628	7	5	fluctuates	fluctuate	VERB
fbem-3628	7	6	,	,	PUNCT
fbem-3628	7	7	people	people	NOUN
fbem-3628	7	8	's	's	PART
fbem-3628	7	9	economic	economic	ADJ
fbem-3628	7	10	expectations	expectation	NOUN
fbem-3628	7	11	will	will	AUX
fbem-3628	7	12	gradually	gradually	ADV
fbem-3628	7	13	change	change	VERB
fbem-3628	7	14	,	,	PUNCT
fbem-3628	7	15	and	and	CCONJ
fbem-3628	7	16	the	the	DET
fbem-3628	7	17	behavior	behavior	NOUN
fbem-3628	7	18	of	of	ADP
fbem-3628	7	19	borrowers	borrower	NOUN
fbem-3628	7	20	will	will	AUX
fbem-3628	7	21	also	also	ADV
fbem-3628	7	22	change	change	VERB
fbem-3628	7	23	.	.	PUNCT
fbem-3628	8	1	this	this	DET
fbem-3628	8	2	paper	paper	NOUN
fbem-3628	8	3	studies	study	VERB
fbem-3628	8	4	the	the	DET
fbem-3628	8	5	financial	financial	ADJ
fbem-3628	8	6	risk	risk	NOUN
fbem-3628	8	7	control	control	NOUN
fbem-3628	8	8	mechanism	mechanism	NOUN
fbem-3628	8	9	of	of	ADP
fbem-3628	8	10	banks	bank	NOUN
fbem-3628	8	11	based	base	VERB
fbem-3628	8	12	on	on	ADP
fbem-3628	8	13	kmv	kmv	PROPN
fbem-3628	8	14	model	model	NOUN
fbem-3628	8	15	.	.	PUNCT
fbem-3628	9	1	this	this	DET
fbem-3628	9	2	paper	paper	NOUN
fbem-3628	9	3	studies	study	NOUN
fbem-3628	9	4	the	the	DET
fbem-3628	9	5	credit	credit	NOUN
fbem-3628	9	6	risk	risk	NOUN
fbem-3628	9	7	status	status	NOUN
fbem-3628	9	8	of	of	ADP
fbem-3628	9	9	11	11	NUM
fbem-3628	9	10	listed	list	VERB
fbem-3628	9	11	banks	bank	NOUN
fbem-3628	9	12	in	in	ADP
fbem-3628	9	13	china	china	PROPN
fbem-3628	9	14	from	from	ADP
fbem-3628	9	15	2018	2018	NUM
fbem-3628	9	16	to	to	ADP
fbem-3628	9	17	2021	2021	NUM
fbem-3628	9	18	,	,	PUNCT
fbem-3628	9	19	in	in	ADP
fbem-3628	9	20	order	order	NOUN
fbem-3628	9	21	to	to	PART
fbem-3628	9	22	observe	observe	VERB
fbem-3628	9	23	whether	whether	SCONJ
fbem-3628	9	24	macroeconomic	macroeconomic	ADJ
fbem-3628	9	25	changes	change	NOUN
fbem-3628	9	26	have	have	AUX
fbem-3628	9	27	affected	affect	VERB
fbem-3628	9	28	them	they	PRON
fbem-3628	9	29	since	since	SCONJ
fbem-3628	9	30	the	the	DET
fbem-3628	9	31	new	new	ADJ
fbem-3628	9	32	normal	normal	NOUN
fbem-3628	9	33	of	of	ADP
fbem-3628	9	34	economy	economy	NOUN
fbem-3628	9	35	.	.	PUNCT
fbem-3628	10	1	the	the	DET
fbem-3628	10	2	empirical	empirical	ADJ
fbem-3628	10	3	results	result	NOUN
fbem-3628	10	4	show	show	VERB
fbem-3628	10	5	that	that	SCONJ
fbem-3628	10	6	the	the	DET
fbem-3628	10	7	volatility	volatility	NOUN
fbem-3628	10	8	of	of	ADP
fbem-3628	10	9	large	large	ADJ
fbem-3628	10	10	commercial	commercial	ADJ
fbem-3628	10	11	banks	bank	NOUN
fbem-3628	10	12	in	in	ADP
fbem-3628	10	13	each	each	DET
fbem-3628	10	14	year	year	NOUN
fbem-3628	10	15	is	be	AUX
fbem-3628	10	16	obviously	obviously	ADV
fbem-3628	10	17	lower	low	ADJ
fbem-3628	10	18	than	than	ADP
fbem-3628	10	19	that	that	PRON
fbem-3628	10	20	of	of	ADP
fbem-3628	10	21	small	small	ADJ
fbem-3628	10	22	and	and	CCONJ
fbem-3628	10	23	medium	medium	ADJ
fbem-3628	10	24	-	-	PUNCT
fbem-3628	10	25	sized	sized	ADJ
fbem-3628	10	26	commercial	commercial	ADJ
fbem-3628	10	27	banks	bank	NOUN
fbem-3628	10	28	.	.	PUNCT
fbem-3628	11	1	the	the	DET
fbem-3628	11	2	fluctuation	fluctuation	NOUN
fbem-3628	11	3	range	range	NOUN
fbem-3628	11	4	of	of	ADP
fbem-3628	11	5	weighted	weight	VERB
fbem-3628	11	6	average	average	ADJ
fbem-3628	11	7	default	default	NOUN
fbem-3628	11	8	distance	distance	NOUN
fbem-3628	11	9	of	of	ADP
fbem-3628	11	10	large	large	ADJ
fbem-3628	11	11	commercial	commercial	ADJ
fbem-3628	11	12	banks	bank	NOUN
fbem-3628	11	13	is	be	AUX
fbem-3628	11	14	obviously	obviously	ADV
fbem-3628	11	15	smaller	small	ADJ
fbem-3628	11	16	than	than	ADP
fbem-3628	11	17	that	that	PRON
fbem-3628	11	18	of	of	ADP
fbem-3628	11	19	small	small	ADJ
fbem-3628	11	20	and	and	CCONJ
fbem-3628	11	21	medium	medium	ADJ
fbem-3628	11	22	-	-	PUNCT
fbem-3628	11	23	sized	sized	ADJ
fbem-3628	11	24	commercial	commercial	ADJ
fbem-3628	11	25	banks	bank	NOUN
fbem-3628	11	26	.	.	PUNCT
fbem-3628	12	1	the	the	DET
fbem-3628	12	2	empirical	empirical	ADJ
fbem-3628	12	3	results	result	NOUN
fbem-3628	12	4	show	show	VERB
fbem-3628	12	5	that	that	SCONJ
fbem-3628	12	6	kmv	kmv	NOUN
fbem-3628	12	7	model	model	NOUN
fbem-3628	12	8	has	have	VERB
fbem-3628	12	9	strong	strong	ADJ
fbem-3628	12	10	credit	credit	NOUN
fbem-3628	12	11	risk	risk	NOUN
fbem-3628	12	12	identification	identification	NOUN
fbem-3628	12	13	ability	ability	NOUN
fbem-3628	12	14	.	.	PUNCT
fbem-3628	13	1	the	the	PRON
fbem-3628	13	2	smaller	small	ADJ
fbem-3628	13	3	the	the	DET
fbem-3628	13	4	average	average	ADJ
fbem-3628	13	5	default	default	NOUN
fbem-3628	13	6	distance	distance	NOUN
fbem-3628	13	7	of	of	ADP
fbem-3628	13	8	an	an	DET
fbem-3628	13	9	enterprise	enterprise	NOUN
fbem-3628	13	10	,	,	PUNCT
fbem-3628	13	11	the	the	PRON
fbem-3628	13	12	greater	great	ADJ
fbem-3628	13	13	the	the	DET
fbem-3628	13	14	corresponding	corresponding	ADJ
fbem-3628	13	15	default	default	NOUN
fbem-3628	13	16	risk	risk	NOUN
fbem-3628	13	17	.	.	PUNCT
fbem-3628	14	1	keywords	keyword	NOUN
fbem-3628	14	2	:	:	PUNCT
fbem-3628	14	3	kmv	kmv	PROPN
fbem-3628	14	4	model	model	NOUN
fbem-3628	14	5	,	,	PUNCT
fbem-3628	14	6	financial	financial	ADJ
fbem-3628	14	7	risks	risk	NOUN
fbem-3628	14	8	,	,	PUNCT
fbem-3628	14	9	credit	credit	NOUN
fbem-3628	14	10	risk	risk	NOUN
fbem-3628	14	11	.	.	PUNCT
fbem-3628	15	1	1	1	X
fbem-3628	15	2	.	.	X
fbem-3628	15	3	introduction	introduction	NOUN
fbem-3628	15	4	as	as	ADP
fbem-3628	15	5	the	the	DET
fbem-3628	15	6	most	most	ADV
fbem-3628	15	7	important	important	ADJ
fbem-3628	15	8	part	part	NOUN
fbem-3628	15	9	of	of	ADP
fbem-3628	15	10	the	the	DET
fbem-3628	15	11	financial	financial	ADJ
fbem-3628	15	12	industry	industry	NOUN
fbem-3628	15	13	,	,	PUNCT
fbem-3628	15	14	commercial	commercial	ADJ
fbem-3628	15	15	banks	bank	NOUN
fbem-3628	15	16	'	'	PART
fbem-3628	15	17	credit	credit	NOUN
fbem-3628	15	18	risk	risk	NOUN
fbem-3628	15	19	is	be	AUX
fbem-3628	15	20	an	an	DET
fbem-3628	15	21	important	important	ADJ
fbem-3628	15	22	cause	cause	NOUN
fbem-3628	15	23	of	of	ADP
fbem-3628	15	24	financial	financial	ADJ
fbem-3628	15	25	crisis	crisis	NOUN
fbem-3628	15	26	and	and	CCONJ
fbem-3628	15	27	economic	economic	ADJ
fbem-3628	15	28	growth	growth	NOUN
fbem-3628	15	29	.	.	PUNCT
fbem-3628	16	1	credit	credit	NOUN
fbem-3628	16	2	risk	risk	NOUN
fbem-3628	16	3	is	be	AUX
fbem-3628	16	4	the	the	DET
fbem-3628	16	5	core	core	ADJ
fbem-3628	16	6	risk	risk	NOUN
fbem-3628	16	7	faced	face	VERB
fbem-3628	16	8	by	by	ADP
fbem-3628	16	9	commercial	commercial	ADJ
fbem-3628	16	10	banks	bank	NOUN
fbem-3628	16	11	.	.	PUNCT
fbem-3628	17	1	when	when	SCONJ
fbem-3628	17	2	the	the	DET
fbem-3628	17	3	economic	economic	ADJ
fbem-3628	17	4	situation	situation	NOUN
fbem-3628	17	5	fluctuates	fluctuate	VERB
fbem-3628	17	6	,	,	PUNCT
fbem-3628	17	7	people	people	NOUN
fbem-3628	17	8	's	's	PART
fbem-3628	17	9	economic	economic	ADJ
fbem-3628	17	10	expectations	expectation	NOUN
fbem-3628	17	11	will	will	AUX
fbem-3628	17	12	gradually	gradually	ADV
fbem-3628	17	13	change	change	VERB
fbem-3628	17	14	,	,	PUNCT
fbem-3628	17	15	and	and	CCONJ
fbem-3628	17	16	the	the	DET
fbem-3628	17	17	behavior	behavior	NOUN
fbem-3628	17	18	of	of	ADP
fbem-3628	17	19	borrowers	borrower	NOUN
fbem-3628	17	20	will	will	AUX
fbem-3628	17	21	also	also	ADV
fbem-3628	17	22	change	change	VERB
fbem-3628	17	23	to	to	ADP
fbem-3628	17	24	some	some	DET
fbem-3628	17	25	extent	extent	NOUN
fbem-3628	18	1	[	[	X
fbem-3628	18	2	1	1	NUM
fbem-3628	18	3	-	-	SYM
fbem-3628	18	4	2	2	NUM
fbem-3628	18	5	]	]	PUNCT
fbem-3628	18	6	.	.	PUNCT
fbem-3628	19	1	under	under	ADP
fbem-3628	19	2	the	the	DET
fbem-3628	19	3	background	background	NOUN
fbem-3628	19	4	of	of	ADP
fbem-3628	19	5	active	active	ADJ
fbem-3628	19	6	financial	financial	ADJ
fbem-3628	19	7	market	market	NOUN
fbem-3628	19	8	,	,	PUNCT
fbem-3628	19	9	credit	credit	NOUN
fbem-3628	19	10	risk	risk	NOUN
fbem-3628	19	11	has	have	AUX
fbem-3628	19	12	become	become	VERB
fbem-3628	19	13	an	an	DET
fbem-3628	19	14	important	important	ADJ
fbem-3628	19	15	field	field	NOUN
fbem-3628	19	16	of	of	ADP
fbem-3628	19	17	risk	risk	NOUN
fbem-3628	19	18	prevention	prevention	NOUN
fbem-3628	19	19	and	and	CCONJ
fbem-3628	19	20	control	control	NOUN
fbem-3628	19	21	,	,	PUNCT
fbem-3628	19	22	and	and	CCONJ
fbem-3628	19	23	it	it	PRON
fbem-3628	19	24	is	be	AUX
fbem-3628	19	25	also	also	ADV
fbem-3628	19	26	a	a	DET
fbem-3628	19	27	challenge	challenge	NOUN
fbem-3628	19	28	that	that	PRON
fbem-3628	19	29	commercial	commercial	ADJ
fbem-3628	19	30	banks	bank	NOUN
fbem-3628	19	31	and	and	CCONJ
fbem-3628	19	32	other	other	ADJ
fbem-3628	19	33	financial	financial	ADJ
fbem-3628	19	34	institutions	institution	NOUN
fbem-3628	19	35	must	must	AUX
fbem-3628	19	36	face	face	VERB
fbem-3628	19	37	.	.	PUNCT
fbem-3628	20	1	therefore	therefore	ADV
fbem-3628	20	2	,	,	PUNCT
fbem-3628	20	3	the	the	DET
fbem-3628	20	4	research	research	NOUN
fbem-3628	20	5	on	on	ADP
fbem-3628	20	6	credit	credit	NOUN
fbem-3628	20	7	risk	risk	NOUN
fbem-3628	20	8	measurement	measurement	NOUN
fbem-3628	20	9	of	of	ADP
fbem-3628	20	10	commercial	commercial	ADJ
fbem-3628	20	11	banks	bank	NOUN
fbem-3628	20	12	not	not	PART
fbem-3628	20	13	only	only	ADV
fbem-3628	20	14	has	have	VERB
fbem-3628	20	15	theoretical	theoretical	ADJ
fbem-3628	20	16	significance	significance	NOUN
fbem-3628	20	17	,	,	PUNCT
fbem-3628	20	18	but	but	CCONJ
fbem-3628	20	19	also	also	ADV
fbem-3628	20	20	has	have	VERB
fbem-3628	20	21	strong	strong	ADJ
fbem-3628	20	22	practical	practical	ADJ
fbem-3628	20	23	significance	significance	NOUN
fbem-3628	20	24	.	.	PUNCT
fbem-3628	21	1	2	2	X
fbem-3628	21	2	.	.	X
fbem-3628	21	3	research	research	NOUN
fbem-3628	21	4	method	method	NOUN
fbem-3628	21	5	2.1	2.1	NUM
fbem-3628	21	6	.	.	PUNCT
fbem-3628	22	1	overview	overview	NOUN
fbem-3628	22	2	of	of	ADP
fbem-3628	22	3	kmv	kmv	NOUN
fbem-3628	22	4	model	model	NOUN
fbem-3628	22	5	kmv	kmv	PROPN
fbem-3628	22	6	model	model	NOUN
fbem-3628	22	7	can	can	AUX
fbem-3628	22	8	be	be	AUX
fbem-3628	22	9	used	use	VERB
fbem-3628	22	10	to	to	PART
fbem-3628	22	11	estimate	estimate	VERB
fbem-3628	22	12	the	the	DET
fbem-3628	22	13	default	default	NOUN
fbem-3628	22	14	probability	probability	NOUN
fbem-3628	22	15	of	of	ADP
fbem-3628	22	16	borrowing	borrowing	NOUN
fbem-3628	22	17	enterprises	enterprise	NOUN
fbem-3628	22	18	,	,	PUNCT
fbem-3628	22	19	which	which	PRON
fbem-3628	22	20	is	be	AUX
fbem-3628	22	21	established	establish	VERB
fbem-3628	22	22	by	by	ADP
fbem-3628	22	23	kmv	kmv	PROPN
fbem-3628	22	24	company	company	NOUN
fbem-3628	22	25	of	of	ADP
fbem-3628	22	26	the	the	DET
fbem-3628	22	27	united	united	PROPN
fbem-3628	22	28	states	states	PROPN
fbem-3628	22	29	on	on	ADP
fbem-3628	22	30	the	the	DET
fbem-3628	22	31	basis	basis	NOUN
fbem-3628	22	32	of	of	ADP
fbem-3628	22	33	option	option	NOUN
fbem-3628	22	34	pricing	pricing	NOUN
fbem-3628	22	35	theory	theory	NOUN
fbem-3628	22	36	.	.	PUNCT
fbem-3628	23	1	starting	start	VERB
fbem-3628	23	2	from	from	ADP
fbem-3628	23	3	the	the	DET
fbem-3628	23	4	loan	loan	NOUN
fbem-3628	23	5	users	user	NOUN
fbem-3628	23	6	,	,	PUNCT
fbem-3628	23	7	kmv	kmv	NOUN
fbem-3628	23	8	model	model	NOUN
fbem-3628	23	9	transfers	transfer	VERB
fbem-3628	23	10	the	the	DET
fbem-3628	23	11	evaluation	evaluation	NOUN
fbem-3628	23	12	of	of	ADP
fbem-3628	23	13	credit	credit	NOUN
fbem-3628	23	14	risk	risk	NOUN
fbem-3628	23	15	from	from	ADP
fbem-3628	23	16	the	the	DET
fbem-3628	23	17	perspective	perspective	NOUN
fbem-3628	23	18	of	of	ADP
fbem-3628	23	19	banks	bank	NOUN
fbem-3628	23	20	to	to	ADP
fbem-3628	23	21	the	the	DET
fbem-3628	23	22	perspective	perspective	NOUN
fbem-3628	23	23	of	of	ADP
fbem-3628	23	24	repayment	repayment	NOUN
fbem-3628	23	25	enterprises	enterprise	NOUN
fbem-3628	23	26	,	,	PUNCT
fbem-3628	23	27	and	and	CCONJ
fbem-3628	23	28	judges	judge	NOUN
fbem-3628	23	29	whether	whether	SCONJ
fbem-3628	23	30	the	the	DET
fbem-3628	23	31	lending	lending	NOUN
fbem-3628	23	32	enterprises	enterprise	NOUN
fbem-3628	23	33	have	have	VERB
fbem-3628	23	34	repayment	repayment	NOUN
fbem-3628	23	35	ability	ability	NOUN
fbem-3628	23	36	as	as	ADP
fbem-3628	23	37	the	the	DET
fbem-3628	23	38	basis	basis	NOUN
fbem-3628	23	39	for	for	ADP
fbem-3628	23	40	evaluating	evaluate	VERB
fbem-3628	23	41	credit	credit	NOUN
fbem-3628	23	42	risk	risk	NOUN
fbem-3628	23	43	.	.	PUNCT
fbem-3628	24	1	if	if	SCONJ
fbem-3628	24	2	the	the	DET
fbem-3628	24	3	market	market	NOUN
fbem-3628	24	4	value	value	NOUN
fbem-3628	24	5	of	of	ADP
fbem-3628	24	6	the	the	DET
fbem-3628	24	7	company	company	NOUN
fbem-3628	24	8	's	's	PART
fbem-3628	24	9	assets	asset	NOUN
fbem-3628	24	10	is	be	AUX
fbem-3628	24	11	lower	low	ADJ
fbem-3628	24	12	than	than	ADP
fbem-3628	24	13	the	the	DET
fbem-3628	24	14	total	total	ADJ
fbem-3628	24	15	loan	loan	NOUN
fbem-3628	24	16	amount	amount	NOUN
fbem-3628	24	17	,	,	PUNCT
fbem-3628	24	18	the	the	DET
fbem-3628	24	19	company	company	NOUN
fbem-3628	24	20	's	's	PART
fbem-3628	24	21	equity	equity	NOUN
fbem-3628	24	22	value	value	NOUN
fbem-3628	24	23	is	be	AUX
fbem-3628	24	24	zero	zero	NUM
fbem-3628	24	25	.	.	PUNCT
fbem-3628	25	1	in	in	ADP
fbem-3628	25	2	order	order	NOUN
fbem-3628	25	3	to	to	PART
fbem-3628	25	4	repay	repay	VERB
fbem-3628	25	5	the	the	DET
fbem-3628	25	6	loan	loan	NOUN
fbem-3628	25	7	,	,	PUNCT
fbem-3628	25	8	the	the	DET
fbem-3628	25	9	company	company	NOUN
fbem-3628	25	10	needs	need	VERB
fbem-3628	25	11	to	to	PART
fbem-3628	25	12	realize	realize	VERB
fbem-3628	25	13	all	all	DET
fbem-3628	25	14	its	its	PRON
fbem-3628	25	15	assets	asset	NOUN
fbem-3628	25	16	,	,	PUNCT
fbem-3628	25	17	so	so	SCONJ
fbem-3628	25	18	the	the	DET
fbem-3628	25	19	probability	probability	NOUN
fbem-3628	25	20	of	of	ADP
fbem-3628	25	21	default	default	NOUN
fbem-3628	25	22	risk	risk	NOUN
fbem-3628	25	23	is	be	AUX
fbem-3628	25	24	high	high	ADJ
fbem-3628	25	25	[	[	X
fbem-3628	25	26	3	3	NUM
fbem-3628	25	27	]	]	PUNCT
fbem-3628	25	28	.	.	PUNCT
fbem-3628	26	1	the	the	DET
fbem-3628	26	2	company	company	NOUN
fbem-3628	26	3	model	model	NOUN
fbem-3628	26	4	is	be	AUX
fbem-3628	26	5	used	use	VERB
fbem-3628	26	6	to	to	PART
fbem-3628	26	7	study	study	VERB
fbem-3628	26	8	a	a	DET
fbem-3628	26	9	large	large	ADJ
fbem-3628	26	10	number	number	NOUN
fbem-3628	26	11	of	of	ADP
fbem-3628	26	12	sample	sample	NOUN
fbem-3628	26	13	data	datum	NOUN
fbem-3628	26	14	,	,	PUNCT
fbem-3628	26	15	and	and	CCONJ
fbem-3628	26	16	it	it	PRON
fbem-3628	26	17	is	be	AUX
fbem-3628	26	18	found	find	VERB
fbem-3628	26	19	that	that	SCONJ
fbem-3628	26	20	the	the	DET
fbem-3628	26	21	model	model	NOUN
fbem-3628	26	22	is	be	AUX
fbem-3628	26	23	most	most	ADV
fbem-3628	26	24	effective	effective	ADJ
fbem-3628	26	25	when	when	SCONJ
fbem-3628	26	26	the	the	DET
fbem-3628	26	27	default	default	NOUN
fbem-3628	26	28	point	point	NOUN
fbem-3628	26	29	is	be	AUX
fbem-3628	26	30	set	set	VERB
fbem-3628	26	31	at	at	ADP
fbem-3628	26	32	current	current	ADJ
fbem-3628	26	33	liabilities	liability	NOUN
fbem-3628	26	34	plus	plus	CCONJ
fbem-3628	26	35	0.5	0.5	NUM
fbem-3628	26	36	long	long	ADJ
fbem-3628	26	37	-	-	PUNCT
fbem-3628	26	38	term	term	NOUN
fbem-3628	26	39	liabilities	liability	NOUN
fbem-3628	27	1	[	[	X
fbem-3628	27	2	4	4	NUM
fbem-3628	27	3	-	-	SYM
fbem-3628	27	4	5	5	NUM
fbem-3628	27	5	]	]	PUNCT
fbem-3628	27	6	.	.	PUNCT
fbem-3628	28	1	as	as	SCONJ
fbem-3628	28	2	the	the	DET
fbem-3628	28	3	option	option	NOUN
fbem-3628	28	4	pricing	pricing	NOUN
fbem-3628	28	5	technology	technology	NOUN
fbem-3628	28	6	is	be	AUX
fbem-3628	28	7	now	now	ADV
fbem-3628	28	8	relatively	relatively	ADV
fbem-3628	28	9	mature	mature	ADJ
fbem-3628	28	10	,	,	PUNCT
fbem-3628	28	11	and	and	CCONJ
fbem-3628	28	12	the	the	DET
fbem-3628	28	13	underlying	underlie	VERB
fbem-3628	28	14	assets	asset	NOUN
fbem-3628	28	15	of	of	ADP
fbem-3628	28	16	the	the	DET
fbem-3628	28	17	"	"	PUNCT
fbem-3628	28	18	option	option	NOUN
fbem-3628	28	19	"	"	PUNCT
fbem-3628	28	20	and	and	CCONJ
fbem-3628	28	21	their	their	PRON
fbem-3628	28	22	volatility	volatility	NOUN
fbem-3628	28	23	can	can	AUX
fbem-3628	28	24	be	be	AUX
fbem-3628	28	25	directly	directly	ADV
fbem-3628	28	26	observed	observe	VERB
fbem-3628	28	27	,	,	PUNCT
fbem-3628	28	28	the	the	DET
fbem-3628	28	29	introduction	introduction	NOUN
fbem-3628	28	30	of	of	ADP
fbem-3628	28	31	the	the	DET
fbem-3628	28	32	option	option	NOUN
fbem-3628	28	33	concept	concept	NOUN
fbem-3628	28	34	in	in	ADP
fbem-3628	28	35	debt	debt	NOUN
fbem-3628	28	36	management	management	NOUN
fbem-3628	28	37	can	can	AUX
fbem-3628	28	38	greatly	greatly	ADV
fbem-3628	28	39	simplify	simplify	VERB
fbem-3628	28	40	the	the	DET
fbem-3628	28	41	debt	debt	NOUN
fbem-3628	28	42	risk	risk	NOUN
fbem-3628	28	43	measurement	measurement	NOUN
fbem-3628	28	44	,	,	PUNCT
fbem-3628	28	45	and	and	CCONJ
fbem-3628	28	46	the	the	DET
fbem-3628	28	47	mature	mature	ADJ
fbem-3628	28	48	option	option	NOUN
fbem-3628	28	49	pricing	pricing	NOUN
fbem-3628	28	50	technology	technology	NOUN
fbem-3628	28	51	can	can	AUX
fbem-3628	28	52	be	be	AUX
fbem-3628	28	53	applied	apply	VERB
fbem-3628	28	54	to	to	ADP
fbem-3628	28	55	debt	debt	NOUN
fbem-3628	28	56	management	management	NOUN
fbem-3628	28	57	,	,	PUNCT
fbem-3628	28	58	thus	thus	ADV
fbem-3628	28	59	improving	improve	VERB
fbem-3628	28	60	the	the	DET
fbem-3628	28	61	accuracy	accuracy	NOUN
fbem-3628	28	62	and	and	CCONJ
fbem-3628	28	63	effectiveness	effectiveness	NOUN
fbem-3628	28	64	of	of	ADP
fbem-3628	28	65	debt	debt	NOUN
fbem-3628	28	66	management	management	NOUN
fbem-3628	29	1	[	[	X
fbem-3628	29	2	6	6	NUM
fbem-3628	29	3	]	]	PUNCT
fbem-3628	29	4	.	.	PUNCT
fbem-3628	30	1	in	in	ADP
fbem-3628	30	2	this	this	DET
fbem-3628	30	3	model	model	NOUN
fbem-3628	30	4	,	,	PUNCT
fbem-3628	30	5	the	the	DET
fbem-3628	30	6	definition	definition	NOUN
fbem-3628	30	7	of	of	ADP
fbem-3628	30	8	default	default	NOUN
fbem-3628	30	9	is	be	AUX
fbem-3628	30	10	that	that	SCONJ
fbem-3628	30	11	the	the	DET
fbem-3628	30	12	debtor	debtor	NOUN
fbem-3628	30	13	ca	can	AUX
fbem-3628	30	14	n't	not	PART
fbem-3628	30	15	pay	pay	VERB
fbem-3628	30	16	the	the	DET
fbem-3628	30	17	principal	principal	NOUN
fbem-3628	30	18	and	and	CCONJ
fbem-3628	30	19	interest	interest	NOUN
fbem-3628	30	20	due	due	ADJ
fbem-3628	30	21	normally	normally	ADV
fbem-3628	30	22	,	,	PUNCT
fbem-3628	30	23	and	and	CCONJ
fbem-3628	30	24	it	it	PRON
fbem-3628	30	25	is	be	AUX
fbem-3628	30	26	specified	specify	VERB
fbem-3628	30	27	that	that	SCONJ
fbem-3628	30	28	the	the	DET
fbem-3628	30	29	default	default	NOUN
fbem-3628	30	30	will	will	AUX
fbem-3628	30	31	occur	occur	VERB
fbem-3628	30	32	when	when	SCONJ
fbem-3628	30	33	the	the	DET
fbem-3628	30	34	market	market	NOUN
fbem-3628	30	35	value	value	NOUN
fbem-3628	30	36	of	of	ADP
fbem-3628	30	37	the	the	DET
fbem-3628	30	38	enterprise	enterprise	NOUN
fbem-3628	30	39	is	be	AUX
fbem-3628	30	40	equal	equal	ADJ
fbem-3628	30	41	to	to	ADP
fbem-3628	30	42	the	the	DET
fbem-3628	30	43	debt	debt	NOUN
fbem-3628	30	44	level	level	NOUN
fbem-3628	30	45	of	of	ADP
fbem-3628	30	46	the	the	DET
fbem-3628	30	47	enterprise	enterprise	NOUN
fbem-3628	30	48	.	.	PUNCT
fbem-3628	31	1	dpt	dpt	PROPN
fbem-3628	31	2	(	(	PUNCT
fbem-3628	31	3	default	default	NOUN
fbem-3628	31	4	point	point	NOUN
fbem-3628	31	5	)	)	PUNCT
fbem-3628	31	6	is	be	AUX
fbem-3628	31	7	set	set	VERB
fbem-3628	31	8	as	as	ADP
fbem-3628	31	9	the	the	DET
fbem-3628	31	10	enterprise	enterprise	NOUN
fbem-3628	31	11	's	's	PART
fbem-3628	31	12	asset	asset	NOUN
fbem-3628	31	13	value	value	NOUN
fbem-3628	31	14	level	level	NOUN
fbem-3628	31	15	equal	equal	ADJ
fbem-3628	31	16	to	to	ADP
fbem-3628	31	17	the	the	DET
fbem-3628	31	18	enterprise	enterprise	NOUN
fbem-3628	31	19	's	's	PART
fbem-3628	31	20	debt	debt	NOUN
fbem-3628	31	21	level	level	NOUN
fbem-3628	31	22	,	,	PUNCT
fbem-3628	31	23	and	and	CCONJ
fbem-3628	31	24	the	the	DET
fbem-3628	31	25	edf(expected	edf(expecte	VERB
fbem-3628	31	26	default	default	NOUN
fbem-3628	31	27	probability	probability	NOUN
fbem-3628	31	28	)	)	PUNCT
fbem-3628	31	29	is	be	AUX
fbem-3628	31	30	the	the	DET
fbem-3628	31	31	probability	probability	NOUN
fbem-3628	31	32	that	that	SCONJ
fbem-3628	31	33	the	the	DET
fbem-3628	31	34	current	current	ADJ
fbem-3628	31	35	market	market	NOUN
fbem-3628	31	36	value	value	NOUN
fbem-3628	31	37	or	or	CCONJ
fbem-3628	31	38	asset	asset	NOUN
fbem-3628	31	39	value	value	NOUN
fbem-3628	31	40	level	level	NOUN
fbem-3628	31	41	of	of	ADP
fbem-3628	31	42	the	the	DET
fbem-3628	31	43	enterprise	enterprise	NOUN
fbem-3628	31	44	will	will	AUX
fbem-3628	31	45	be	be	AUX
fbem-3628	31	46	reduced	reduce	VERB
fbem-3628	31	47	to	to	ADP
fbem-3628	31	48	the	the	DET
fbem-3628	31	49	default	default	NOUN
fbem-3628	31	50	trigger	trigger	NOUN
fbem-3628	31	51	point	point	NOUN
fbem-3628	31	52	level	level	NOUN
fbem-3628	31	53	according	accord	VERB
fbem-3628	31	54	to	to	ADP
fbem-3628	31	55	the	the	DET
fbem-3628	31	56	fluctuation	fluctuation	NOUN
fbem-3628	31	57	of	of	ADP
fbem-3628	31	58	enterprise	enterprise	NOUN
fbem-3628	31	59	's	's	PART
fbem-3628	31	60	asset	asset	NOUN
fbem-3628	31	61	value	value	NOUN
fbem-3628	31	62	.	.	PUNCT
fbem-3628	32	1	ltd	ltd	PROPN
fbem-3628	33	1	stddpt	stddpt	PROPN
fbem-3628	33	2	2	2	NUM
fbem-3628	33	3	1	1	NUM
fbem-3628	33	4			ADJ
fbem-3628	33	5	(	(	PUNCT
fbem-3628	33	6	1	1	X
fbem-3628	33	7	)	)	PUNCT
fbem-3628	33	8	std	std	NOUN
fbem-3628	33	9	is	be	AUX
fbem-3628	33	10	a	a	DET
fbem-3628	33	11	short	short	ADJ
fbem-3628	33	12	-	-	PUNCT
fbem-3628	33	13	term	term	NOUN
fbem-3628	33	14	debt	debt	NOUN
fbem-3628	33	15	and	and	CCONJ
fbem-3628	33	16	ltd	ltd	PROPN
fbem-3628	33	17	is	be	AUX
fbem-3628	33	18	a	a	DET
fbem-3628	33	19	long	long	ADJ
fbem-3628	33	20	-	-	PUNCT
fbem-3628	33	21	term	term	NOUN
fbem-3628	33	22	debt	debt	NOUN
fbem-3628	33	23	.	.	PUNCT
fbem-3628	34	1			NOUN
fbem-3628	34	2			PROPN
fbem-3628	34	3	a	a	DET
fbem-3628	34	4	t	t	NOUN
fbem-3628	34	5	d	d	X
fbem-3628	34	6	dptvedd	dptvedd	PROPN
fbem-3628	34	7			PROPN
fbem-3628	34	8			NOUN
fbem-3628	34	9			NUM
fbem-3628	34	10	(	(	PUNCT
fbem-3628	34	11	2	2	NUM
fbem-3628	34	12	)	)	PUNCT
fbem-3628	34	13	dd	dd	NOUN
fbem-3628	34	14	is	be	AUX
fbem-3628	34	15	the	the	DET
fbem-3628	34	16	default	default	NOUN
fbem-3628	34	17	distance	distance	NOUN
fbem-3628	34	18	,	,	PUNCT
fbem-3628	34	19			PROPN
fbem-3628	34	20	tdve	tdve	ADJ
fbem-3628	34	21	is	be	AUX
fbem-3628	34	22	the	the	DET
fbem-3628	34	23	expected	expect	VERB
fbem-3628	34	24	value	value	NOUN
fbem-3628	34	25	of	of	ADP
fbem-3628	34	26	the	the	DET
fbem-3628	34	27	company	company	NOUN
fbem-3628	34	28	's	's	PART
fbem-3628	34	29	assets	asset	NOUN
fbem-3628	34	30	in	in	ADP
fbem-3628	34	31	the	the	DET
fbem-3628	34	32	future	future	NOUN
fbem-3628	34	33	,	,	PUNCT
fbem-3628	34	34	and	and	CCONJ
fbem-3628	34	35	a	a	NOUN
fbem-3628	34	36	is	be	AUX
fbem-3628	34	37	the	the	DET
fbem-3628	34	38	standard	standard	ADJ
fbem-3628	34	39	deviation	deviation	NOUN
fbem-3628	34	40	of	of	ADP
fbem-3628	34	41	the	the	DET
fbem-3628	34	42	fluctuation	fluctuation	NOUN
fbem-3628	34	43	of	of	ADP
fbem-3628	34	44	the	the	DET
fbem-3628	34	45	company	company	NOUN
fbem-3628	34	46	's	's	PART
fbem-3628	34	47	assets	asset	NOUN
fbem-3628	34	48	.	.	PUNCT
fbem-3628	35	1	it	it	PRON
fbem-3628	35	2	is	be	AUX
fbem-3628	35	3	not	not	PART
fbem-3628	35	4	calculated	calculate	VERB
fbem-3628	35	5	by	by	ADP
fbem-3628	35	6	the	the	DET
fbem-3628	35	7	b	b	PROPN
fbem-3628	35	8	-	-	PUNCT
fbem-3628	35	9	s	s	NOUN
fbem-3628	35	10	-	-	PUNCT
fbem-3628	35	11	m	m	NOUN
fbem-3628	35	12	option	option	NOUN
fbem-3628	35	13	pricing	pricing	NOUN
fbem-3628	35	14	formula	formula	NOUN
fbem-3628	35	15	,	,	PUNCT
fbem-3628	35	16	but	but	CCONJ
fbem-3628	35	17	the	the	DET
fbem-3628	35	18	standard	standard	ADJ
fbem-3628	35	19	deviation	deviation	NOUN
fbem-3628	35	20	of	of	ADP
fbem-3628	35	21	the	the	DET
fbem-3628	35	22	continuous	continuous	ADJ
fbem-3628	35	23	compound	compound	NOUN
fbem-3628	35	24	return	return	NOUN
fbem-3628	35	25	of	of	ADP
fbem-3628	35	26	the	the	DET
fbem-3628	35	27	company	company	NOUN
fbem-3628	35	28	's	's	PART
fbem-3628	35	29	assets	asset	NOUN
fbem-3628	35	30	.	.	PUNCT
fbem-3628	36	1	2.2	2.2	NUM
fbem-3628	36	2	.	.	PUNCT
fbem-3628	37	1	bank	bank	NOUN
fbem-3628	37	2	financial	financial	ADJ
fbem-3628	37	3	risk	risk	NOUN
fbem-3628	37	4	control	control	NOUN
fbem-3628	37	5	mechanism	mechanism	NOUN
fbem-3628	37	6	based	base	VERB
fbem-3628	37	7	on	on	ADP
fbem-3628	37	8	kmv	kmv	PROPN
fbem-3628	37	9	model	model	NOUN
fbem-3628	37	10	risk	risk	NOUN
fbem-3628	37	11	indicates	indicate	VERB
fbem-3628	37	12	the	the	DET
fbem-3628	37	13	possibility	possibility	NOUN
fbem-3628	37	14	of	of	ADP
fbem-3628	37	15	loss	loss	NOUN
fbem-3628	37	16	,	,	PUNCT
fbem-3628	37	17	and	and	CCONJ
fbem-3628	37	18	it	it	PRON
fbem-3628	37	19	is	be	AUX
fbem-3628	37	20	independent	independent	ADJ
fbem-3628	37	21	of	of	ADP
fbem-3628	37	22	human	human	ADJ
fbem-3628	37	23	will	will	NOUN
fbem-3628	37	24	.	.	PUNCT
fbem-3628	38	1	under	under	ADP
fbem-3628	38	2	the	the	DET
fbem-3628	38	3	situation	situation	NOUN
fbem-3628	38	4	that	that	PRON
fbem-3628	38	5	risk	risk	NOUN
fbem-3628	38	6	and	and	CCONJ
fbem-3628	38	7	return	return	NOUN
fbem-3628	38	8	are	be	AUX
fbem-3628	38	9	242	242	NUM
fbem-3628	38	10	correlated	correlate	VERB
fbem-3628	38	11	in	in	ADP
fbem-3628	38	12	the	the	DET
fbem-3628	38	13	same	same	ADJ
fbem-3628	38	14	direction	direction	NOUN
fbem-3628	38	15	,	,	PUNCT
fbem-3628	38	16	and	and	CCONJ
fbem-3628	38	17	the	the	PRON
fbem-3628	38	18	higher	high	ADJ
fbem-3628	38	19	the	the	DET
fbem-3628	38	20	return	return	NOUN
fbem-3628	38	21	,	,	PUNCT
fbem-3628	38	22	the	the	PRON
fbem-3628	38	23	higher	high	ADJ
fbem-3628	38	24	the	the	DET
fbem-3628	38	25	impact	impact	NOUN
fbem-3628	38	26	of	of	ADP
fbem-3628	38	27	risk	risk	NOUN
fbem-3628	38	28	on	on	ADP
fbem-3628	38	29	the	the	DET
fbem-3628	38	30	market	market	NOUN
fbem-3628	38	31	subject	subject	NOUN
fbem-3628	38	32	may	may	AUX
fbem-3628	38	33	be	be	AUX
fbem-3628	38	34	.	.	PUNCT
fbem-3628	39	1	credit	credit	NOUN
fbem-3628	39	2	risk	risk	NOUN
fbem-3628	39	3	refers	refer	VERB
fbem-3628	39	4	to	to	ADP
fbem-3628	39	5	the	the	DET
fbem-3628	39	6	breach	breach	NOUN
fbem-3628	39	7	of	of	ADP
fbem-3628	39	8	credit	credit	NOUN
fbem-3628	39	9	caused	cause	VERB
fbem-3628	39	10	by	by	ADP
fbem-3628	39	11	the	the	DET
fbem-3628	39	12	influence	influence	NOUN
fbem-3628	39	13	of	of	ADP
fbem-3628	39	14	market	market	NOUN
fbem-3628	39	15	main	main	ADJ
fbem-3628	39	16	body	body	NOUN
fbem-3628	39	17	's	's	PART
fbem-3628	39	18	own	own	ADJ
fbem-3628	39	19	factors	factor	NOUN
fbem-3628	39	20	,	,	PUNCT
fbem-3628	39	21	thus	thus	ADV
fbem-3628	39	22	causing	cause	VERB
fbem-3628	39	23	losses	loss	NOUN
fbem-3628	39	24	to	to	ADP
fbem-3628	39	25	business	business	NOUN
fbem-3628	39	26	.	.	PUNCT
fbem-3628	40	1	the	the	DET
fbem-3628	40	2	main	main	ADJ
fbem-3628	40	3	risk	risk	NOUN
fbem-3628	40	4	faced	face	VERB
fbem-3628	40	5	by	by	ADP
fbem-3628	40	6	commercial	commercial	ADJ
fbem-3628	40	7	banks	bank	NOUN
fbem-3628	40	8	in	in	ADP
fbem-3628	40	9	the	the	DET
fbem-3628	40	10	course	course	NOUN
fbem-3628	40	11	of	of	ADP
fbem-3628	40	12	operation	operation	NOUN
fbem-3628	40	13	is	be	AUX
fbem-3628	40	14	credit	credit	NOUN
fbem-3628	40	15	risk	risk	NOUN
fbem-3628	40	16	,	,	PUNCT
fbem-3628	40	17	which	which	PRON
fbem-3628	40	18	not	not	PART
fbem-3628	40	19	only	only	ADV
fbem-3628	40	20	has	have	VERB
fbem-3628	40	21	the	the	DET
fbem-3628	40	22	general	general	ADJ
fbem-3628	40	23	characteristics	characteristic	NOUN
fbem-3628	40	24	of	of	ADP
fbem-3628	40	25	financial	financial	ADJ
fbem-3628	40	26	risks	risk	NOUN
fbem-3628	40	27	,	,	PUNCT
fbem-3628	40	28	but	but	CCONJ
fbem-3628	40	29	also	also	ADV
fbem-3628	40	30	has	have	VERB
fbem-3628	40	31	the	the	DET
fbem-3628	40	32	characteristics	characteristic	NOUN
fbem-3628	40	33	different	different	ADJ
fbem-3628	40	34	from	from	ADP
fbem-3628	40	35	other	other	ADJ
fbem-3628	40	36	forms	form	NOUN
fbem-3628	40	37	of	of	ADP
fbem-3628	40	38	financial	financial	ADJ
fbem-3628	40	39	risks	risk	NOUN
fbem-3628	40	40	.	.	PUNCT
fbem-3628	41	1	in	in	ADP
fbem-3628	41	2	financial	financial	ADJ
fbem-3628	41	3	transactions	transaction	NOUN
fbem-3628	41	4	,	,	PUNCT
fbem-3628	41	5	the	the	DET
fbem-3628	41	6	business	business	NOUN
fbem-3628	41	7	contacts	contact	NOUN
fbem-3628	41	8	between	between	ADP
fbem-3628	41	9	financial	financial	ADJ
fbem-3628	41	10	institutions	institution	NOUN
fbem-3628	41	11	are	be	AUX
fbem-3628	41	12	very	very	ADV
fbem-3628	41	13	close	close	ADJ
fbem-3628	41	14	,	,	PUNCT
fbem-3628	41	15	and	and	CCONJ
fbem-3628	41	16	the	the	DET
fbem-3628	41	17	outbreak	outbreak	NOUN
fbem-3628	41	18	of	of	ADP
fbem-3628	41	19	credit	credit	NOUN
fbem-3628	41	20	risk	risk	NOUN
fbem-3628	41	21	of	of	ADP
fbem-3628	41	22	a	a	DET
fbem-3628	41	23	credit	credit	NOUN
fbem-3628	41	24	subject	subject	NOUN
fbem-3628	41	25	will	will	AUX
fbem-3628	41	26	spread	spread	VERB
fbem-3628	41	27	to	to	ADP
fbem-3628	41	28	the	the	DET
fbem-3628	41	29	whole	whole	ADJ
fbem-3628	41	30	financial	financial	ADJ
fbem-3628	41	31	industry	industry	NOUN
fbem-3628	41	32	in	in	ADP
fbem-3628	41	33	a	a	DET
fbem-3628	41	34	short	short	ADJ
fbem-3628	41	35	time	time	NOUN
fbem-3628	41	36	,	,	PUNCT
fbem-3628	41	37	even	even	ADV
fbem-3628	41	38	most	most	ADJ
fbem-3628	41	39	industries	industry	NOUN
fbem-3628	41	40	in	in	ADP
fbem-3628	41	41	the	the	DET
fbem-3628	41	42	country	country	NOUN
fbem-3628	41	43	.	.	PUNCT
fbem-3628	42	1	therefore	therefore	ADV
fbem-3628	42	2	,	,	PUNCT
fbem-3628	42	3	if	if	SCONJ
fbem-3628	42	4	a	a	DET
fbem-3628	42	5	commercial	commercial	ADJ
fbem-3628	42	6	bank	bank	NOUN
fbem-3628	42	7	has	have	VERB
fbem-3628	42	8	credit	credit	NOUN
fbem-3628	42	9	risk	risk	NOUN
fbem-3628	42	10	,	,	PUNCT
fbem-3628	42	11	other	other	ADJ
fbem-3628	42	12	commercial	commercial	ADJ
fbem-3628	42	13	banks	bank	NOUN
fbem-3628	42	14	will	will	AUX
fbem-3628	42	15	be	be	AUX
fbem-3628	42	16	affected	affect	VERB
fbem-3628	42	17	,	,	PUNCT
fbem-3628	42	18	even	even	ADV
fbem-3628	42	19	the	the	DET
fbem-3628	42	20	whole	whole	ADJ
fbem-3628	42	21	credit	credit	NOUN
fbem-3628	42	22	chain	chain	NOUN
fbem-3628	42	23	,	,	PUNCT
fbem-3628	42	24	resulting	result	VERB
fbem-3628	42	25	in	in	ADP
fbem-3628	42	26	the	the	DET
fbem-3628	42	27	paralysis	paralysis	NOUN
fbem-3628	42	28	of	of	ADP
fbem-3628	42	29	the	the	DET
fbem-3628	42	30	national	national	ADJ
fbem-3628	42	31	credit	credit	NOUN
fbem-3628	42	32	order	order	NOUN
fbem-3628	42	33	[	[	X
fbem-3628	42	34	78	78	NUM
fbem-3628	42	35	]	]	PUNCT
fbem-3628	42	36	.	.	PUNCT
fbem-3628	43	1	risk	risk	NOUN
fbem-3628	43	2	identification	identification	NOUN
fbem-3628	43	3	is	be	AUX
fbem-3628	43	4	the	the	DET
fbem-3628	43	5	key	key	ADJ
fbem-3628	43	6	step	step	NOUN
fbem-3628	43	7	of	of	ADP
fbem-3628	43	8	risk	risk	NOUN
fbem-3628	43	9	management	management	NOUN
fbem-3628	43	10	.	.	PUNCT
fbem-3628	44	1	therefore	therefore	ADV
fbem-3628	44	2	,	,	PUNCT
fbem-3628	44	3	in	in	ADP
fbem-3628	44	4	order	order	NOUN
fbem-3628	44	5	to	to	PART
fbem-3628	44	6	effectively	effectively	ADV
fbem-3628	44	7	manage	manage	VERB
fbem-3628	44	8	credit	credit	NOUN
fbem-3628	44	9	risk	risk	NOUN
fbem-3628	44	10	,	,	PUNCT
fbem-3628	44	11	we	we	PRON
fbem-3628	44	12	must	must	AUX
fbem-3628	44	13	first	first	ADV
fbem-3628	44	14	identify	identify	VERB
fbem-3628	44	15	credit	credit	NOUN
fbem-3628	44	16	risk	risk	NOUN
fbem-3628	44	17	effectively	effectively	ADV
fbem-3628	44	18	.	.	PUNCT
fbem-3628	45	1	in	in	ADP
fbem-3628	45	2	the	the	DET
fbem-3628	45	3	process	process	NOUN
fbem-3628	45	4	of	of	ADP
fbem-3628	45	5	forecasting	forecast	VERB
fbem-3628	45	6	the	the	DET
fbem-3628	45	7	cash	cash	NOUN
fbem-3628	45	8	flow	flow	NOUN
fbem-3628	45	9	of	of	ADP
fbem-3628	45	10	an	an	DET
fbem-3628	45	11	enterprise	enterprise	NOUN
fbem-3628	45	12	or	or	CCONJ
fbem-3628	45	13	individual	individual	NOUN
fbem-3628	45	14	,	,	PUNCT
fbem-3628	45	15	it	it	PRON
fbem-3628	45	16	is	be	AUX
fbem-3628	45	17	necessary	necessary	ADJ
fbem-3628	45	18	to	to	PART
fbem-3628	45	19	fully	fully	ADV
fbem-3628	45	20	consider	consider	VERB
fbem-3628	45	21	its	its	PRON
fbem-3628	45	22	fixed	fix	VERB
fbem-3628	45	23	assets	asset	NOUN
fbem-3628	45	24	,	,	PUNCT
fbem-3628	45	25	mortgaged	mortgaged	ADJ
fbem-3628	45	26	and	and	CCONJ
fbem-3628	45	27	realizable	realizable	ADJ
fbem-3628	45	28	assets	asset	NOUN
fbem-3628	45	29	and	and	CCONJ
fbem-3628	45	30	the	the	DET
fbem-3628	45	31	profitability	profitability	NOUN
fbem-3628	45	32	of	of	ADP
fbem-3628	45	33	customers	customer	NOUN
fbem-3628	45	34	.	.	PUNCT
fbem-3628	46	1	besides	besides	SCONJ
fbem-3628	46	2	,	,	PUNCT
fbem-3628	46	3	it	it	PRON
fbem-3628	46	4	is	be	AUX
fbem-3628	46	5	necessary	necessary	ADJ
fbem-3628	46	6	to	to	PART
fbem-3628	46	7	avoid	avoid	VERB
fbem-3628	46	8	covering	cover	VERB
fbem-3628	46	9	up	up	ADP
fbem-3628	46	10	the	the	DET
fbem-3628	46	11	real	real	ADJ
fbem-3628	46	12	cash	cash	NOUN
fbem-3628	46	13	flow	flow	NOUN
fbem-3628	46	14	of	of	ADP
fbem-3628	46	15	customers	customer	NOUN
fbem-3628	46	16	because	because	SCONJ
fbem-3628	46	17	of	of	ADP
fbem-3628	46	18	the	the	DET
fbem-3628	46	19	false	false	ADJ
fbem-3628	46	20	financial	financial	ADJ
fbem-3628	46	21	situation	situation	NOUN
fbem-3628	46	22	.	.	PUNCT
fbem-3628	47	1	in	in	ADP
fbem-3628	47	2	addition	addition	NOUN
fbem-3628	47	3	,	,	PUNCT
fbem-3628	47	4	in	in	ADP
fbem-3628	47	5	the	the	DET
fbem-3628	47	6	process	process	NOUN
fbem-3628	47	7	of	of	ADP
fbem-3628	47	8	risk	risk	NOUN
fbem-3628	47	9	identification	identification	NOUN
fbem-3628	47	10	,	,	PUNCT
fbem-3628	47	11	banks	bank	NOUN
fbem-3628	47	12	should	should	AUX
fbem-3628	47	13	constantly	constantly	ADV
fbem-3628	47	14	improve	improve	VERB
fbem-3628	47	15	their	their	PRON
fbem-3628	47	16	ability	ability	NOUN
fbem-3628	47	17	to	to	PART
fbem-3628	47	18	identify	identify	VERB
fbem-3628	47	19	risks	risk	NOUN
fbem-3628	47	20	according	accord	VERB
fbem-3628	47	21	to	to	ADP
fbem-3628	47	22	the	the	DET
fbem-3628	47	23	actual	actual	ADJ
fbem-3628	47	24	situation	situation	NOUN
fbem-3628	47	25	.	.	PUNCT
fbem-3628	48	1	at	at	ADP
fbem-3628	48	2	the	the	DET
fbem-3628	48	3	same	same	ADJ
fbem-3628	48	4	time	time	NOUN
fbem-3628	48	5	,	,	PUNCT
fbem-3628	48	6	the	the	DET
fbem-3628	48	7	dynamic	dynamic	ADJ
fbem-3628	48	8	rating	rating	NOUN
fbem-3628	48	9	of	of	ADP
fbem-3628	48	10	credit	credit	NOUN
fbem-3628	48	11	risk	risk	NOUN
fbem-3628	48	12	is	be	AUX
fbem-3628	48	13	carried	carry	VERB
fbem-3628	48	14	out	out	ADP
fbem-3628	48	15	,	,	PUNCT
fbem-3628	48	16	and	and	CCONJ
fbem-3628	48	17	the	the	DET
fbem-3628	48	18	use	use	NOUN
fbem-3628	48	19	of	of	ADP
fbem-3628	48	20	credit	credit	NOUN
fbem-3628	48	21	funds	fund	NOUN
fbem-3628	48	22	is	be	AUX
fbem-3628	48	23	continuously	continuously	ADV
fbem-3628	48	24	tracked	track	VERB
fbem-3628	48	25	and	and	CCONJ
fbem-3628	48	26	recorded	record	VERB
fbem-3628	48	27	,	,	PUNCT
fbem-3628	48	28	supplemented	supplement	VERB
fbem-3628	48	29	by	by	ADP
fbem-3628	48	30	the	the	DET
fbem-3628	48	31	credit	credit	NOUN
fbem-3628	48	32	measurement	measurement	NOUN
fbem-3628	48	33	model	model	NOUN
fbem-3628	48	34	to	to	PART
fbem-3628	48	35	forecast	forecast	VERB
fbem-3628	48	36	the	the	DET
fbem-3628	48	37	credit	credit	NOUN
fbem-3628	48	38	risk	risk	NOUN
fbem-3628	48	39	,	,	PUNCT
fbem-3628	48	40	so	so	SCONJ
fbem-3628	48	41	as	as	SCONJ
fbem-3628	48	42	to	to	PART
fbem-3628	48	43	disperse	disperse	VERB
fbem-3628	48	44	,	,	PUNCT
fbem-3628	48	45	reduce	reduce	VERB
fbem-3628	48	46	and	and	CCONJ
fbem-3628	48	47	transfer	transfer	VERB
fbem-3628	48	48	its	its	PRON
fbem-3628	48	49	own	own	ADJ
fbem-3628	48	50	credit	credit	NOUN
fbem-3628	48	51	risk	risk	NOUN
fbem-3628	48	52	.	.	PUNCT
fbem-3628	49	1	compared	compare	VERB
fbem-3628	49	2	with	with	ADP
fbem-3628	49	3	the	the	DET
fbem-3628	49	4	traditional	traditional	ADJ
fbem-3628	49	5	measurement	measurement	NOUN
fbem-3628	49	6	methods	method	NOUN
fbem-3628	49	7	,	,	PUNCT
fbem-3628	49	8	the	the	DET
fbem-3628	49	9	modern	modern	ADJ
fbem-3628	49	10	credit	credit	NOUN
fbem-3628	49	11	risk	risk	NOUN
fbem-3628	49	12	measurement	measurement	NOUN
fbem-3628	49	13	model	model	NOUN
fbem-3628	49	14	has	have	AUX
fbem-3628	49	15	made	make	VERB
fbem-3628	49	16	great	great	ADJ
fbem-3628	49	17	progress	progress	NOUN
fbem-3628	49	18	in	in	ADP
fbem-3628	49	19	quantitative	quantitative	ADJ
fbem-3628	49	20	analysis	analysis	NOUN
fbem-3628	49	21	,	,	PUNCT
fbem-3628	49	22	accuracy	accuracy	NOUN
fbem-3628	49	23	of	of	ADP
fbem-3628	49	24	results	result	NOUN
fbem-3628	49	25	,	,	PUNCT
fbem-3628	49	26	prediction	prediction	NOUN
fbem-3628	49	27	effect	effect	NOUN
fbem-3628	49	28	and	and	CCONJ
fbem-3628	49	29	scope	scope	NOUN
fbem-3628	49	30	of	of	ADP
fbem-3628	49	31	application	application	NOUN
fbem-3628	49	32	.	.	PUNCT
fbem-3628	50	1	modern	modern	ADJ
fbem-3628	50	2	credit	credit	NOUN
fbem-3628	50	3	risk	risk	NOUN
fbem-3628	50	4	measurement	measurement	NOUN
fbem-3628	50	5	models	model	NOUN
fbem-3628	50	6	all	all	PRON
fbem-3628	50	7	belong	belong	VERB
fbem-3628	50	8	to	to	ADP
fbem-3628	50	9	quantitative	quantitative	ADJ
fbem-3628	50	10	analysis	analysis	NOUN
fbem-3628	50	11	methods	method	NOUN
fbem-3628	50	12	,	,	PUNCT
fbem-3628	50	13	which	which	PRON
fbem-3628	50	14	are	be	AUX
fbem-3628	50	15	based	base	VERB
fbem-3628	50	16	on	on	ADP
fbem-3628	50	17	strict	strict	ADJ
fbem-3628	50	18	financial	financial	ADJ
fbem-3628	50	19	theory	theory	NOUN
fbem-3628	50	20	and	and	CCONJ
fbem-3628	50	21	have	have	VERB
fbem-3628	50	22	obvious	obvious	ADJ
fbem-3628	50	23	characteristics	characteristic	NOUN
fbem-3628	50	24	of	of	ADP
fbem-3628	50	25	quantitative	quantitative	ADJ
fbem-3628	50	26	analysis	analysis	NOUN
fbem-3628	50	27	by	by	ADP
fbem-3628	50	28	using	use	VERB
fbem-3628	50	29	advanced	advanced	ADJ
fbem-3628	50	30	credit	credit	NOUN
fbem-3628	50	31	risk	risk	NOUN
fbem-3628	50	32	quantitative	quantitative	ADJ
fbem-3628	50	33	technology	technology	NOUN
fbem-3628	50	34	[	[	X
fbem-3628	50	35	9	9	NUM
fbem-3628	50	36	]	]	PUNCT
fbem-3628	50	37	.	.	PUNCT
fbem-3628	51	1	both	both	CCONJ
fbem-3628	51	2	the	the	DET
fbem-3628	51	3	calculation	calculation	NOUN
fbem-3628	51	4	process	process	NOUN
fbem-3628	51	5	and	and	CCONJ
fbem-3628	51	6	the	the	DET
fbem-3628	51	7	calculation	calculation	NOUN
fbem-3628	51	8	results	result	NOUN
fbem-3628	51	9	are	be	AUX
fbem-3628	51	10	supported	support	VERB
fbem-3628	51	11	by	by	ADP
fbem-3628	51	12	strong	strong	ADJ
fbem-3628	51	13	quantitative	quantitative	ADJ
fbem-3628	51	14	data	datum	NOUN
fbem-3628	51	15	.	.	PUNCT
fbem-3628	52	1	modern	modern	ADJ
fbem-3628	52	2	credit	credit	NOUN
fbem-3628	52	3	risk	risk	NOUN
fbem-3628	52	4	measurement	measurement	NOUN
fbem-3628	52	5	model	model	NOUN
fbem-3628	52	6	belongs	belong	VERB
fbem-3628	52	7	to	to	ADP
fbem-3628	52	8	quantitative	quantitative	ADJ
fbem-3628	52	9	analysis	analysis	NOUN
fbem-3628	52	10	method	method	NOUN
fbem-3628	52	11	,	,	PUNCT
fbem-3628	52	12	which	which	PRON
fbem-3628	52	13	needs	need	VERB
fbem-3628	52	14	more	more	ADJ
fbem-3628	52	15	data	datum	NOUN
fbem-3628	52	16	as	as	ADP
fbem-3628	52	17	support	support	NOUN
fbem-3628	52	18	.	.	PUNCT
fbem-3628	53	1	it	it	PRON
fbem-3628	53	2	is	be	AUX
fbem-3628	53	3	relatively	relatively	ADV
fbem-3628	53	4	complicated	complicated	ADJ
fbem-3628	53	5	to	to	PART
fbem-3628	53	6	measure	measure	VERB
fbem-3628	53	7	credit	credit	NOUN
fbem-3628	53	8	risk	risk	NOUN
fbem-3628	53	9	by	by	ADP
fbem-3628	53	10	the	the	DET
fbem-3628	53	11	results	result	NOUN
fbem-3628	53	12	of	of	ADP
fbem-3628	53	13	quantitative	quantitative	ADJ
fbem-3628	53	14	data	datum	NOUN
fbem-3628	53	15	calculation	calculation	NOUN
fbem-3628	53	16	,	,	PUNCT
fbem-3628	53	17	and	and	CCONJ
fbem-3628	53	18	it	it	PRON
fbem-3628	53	19	is	be	AUX
fbem-3628	53	20	relatively	relatively	ADV
fbem-3628	53	21	difficult	difficult	ADJ
fbem-3628	53	22	to	to	PART
fbem-3628	53	23	obtain	obtain	VERB
fbem-3628	53	24	data	datum	NOUN
fbem-3628	53	25	.	.	PUNCT
fbem-3628	54	1	modern	modern	ADJ
fbem-3628	54	2	credit	credit	NOUN
fbem-3628	54	3	risk	risk	NOUN
fbem-3628	54	4	measurement	measurement	NOUN
fbem-3628	54	5	model	model	NOUN
fbem-3628	54	6	,	,	PUNCT
fbem-3628	54	7	especially	especially	ADV
fbem-3628	54	8	kmv	kmv	PROPN
fbem-3628	54	9	model	model	NOUN
fbem-3628	54	10	,	,	PUNCT
fbem-3628	54	11	measures	measure	VERB
fbem-3628	54	12	credit	credit	NOUN
fbem-3628	54	13	risk	risk	NOUN
fbem-3628	54	14	based	base	VERB
fbem-3628	54	15	on	on	ADP
fbem-3628	54	16	stock	stock	NOUN
fbem-3628	54	17	market	market	NOUN
fbem-3628	54	18	data	datum	NOUN
fbem-3628	54	19	,	,	PUNCT
fbem-3628	54	20	which	which	PRON
fbem-3628	54	21	overcomes	overcome	VERB
fbem-3628	54	22	the	the	DET
fbem-3628	54	23	dependence	dependence	NOUN
fbem-3628	54	24	on	on	ADP
fbem-3628	54	25	historical	historical	ADJ
fbem-3628	54	26	data	datum	NOUN
fbem-3628	54	27	and	and	CCONJ
fbem-3628	54	28	can	can	AUX
fbem-3628	54	29	better	well	ADV
fbem-3628	54	30	reflect	reflect	VERB
fbem-3628	54	31	the	the	DET
fbem-3628	54	32	current	current	ADJ
fbem-3628	54	33	credit	credit	NOUN
fbem-3628	54	34	status	status	NOUN
fbem-3628	54	35	of	of	ADP
fbem-3628	54	36	enterprises	enterprise	NOUN
fbem-3628	54	37	.	.	PUNCT
fbem-3628	55	1	the	the	DET
fbem-3628	55	2	results	result	NOUN
fbem-3628	55	3	are	be	AUX
fbem-3628	55	4	forwardlooking	forwardlooke	VERB
fbem-3628	55	5	and	and	CCONJ
fbem-3628	55	6	have	have	VERB
fbem-3628	55	7	strong	strong	ADJ
fbem-3628	55	8	forecasting	forecasting	NOUN
fbem-3628	55	9	ability	ability	NOUN
fbem-3628	55	10	[	[	X
fbem-3628	55	11	10	10	NUM
fbem-3628	55	12	]	]	PUNCT
fbem-3628	55	13	.	.	PUNCT
fbem-3628	56	1	this	this	DET
fbem-3628	56	2	paper	paper	NOUN
fbem-3628	56	3	thinks	think	VERB
fbem-3628	56	4	that	that	SCONJ
fbem-3628	56	5	kmv	kmv	PROPN
fbem-3628	56	6	model	model	NOUN
fbem-3628	56	7	is	be	AUX
fbem-3628	56	8	the	the	DET
fbem-3628	56	9	most	most	ADV
fbem-3628	56	10	suitable	suitable	ADJ
fbem-3628	56	11	model	model	NOUN
fbem-3628	56	12	for	for	ADP
fbem-3628	56	13	our	our	PRON
fbem-3628	56	14	country	country	NOUN
fbem-3628	56	15	at	at	ADP
fbem-3628	56	16	present	present	ADJ
fbem-3628	56	17	.	.	PUNCT
fbem-3628	57	1	based	base	VERB
fbem-3628	57	2	on	on	ADP
fbem-3628	57	3	the	the	DET
fbem-3628	57	4	b	b	PROPN
fbem-3628	57	5	-	-	PUNCT
fbem-3628	57	6	s	s	NOUN
fbem-3628	57	7	-	-	PUNCT
fbem-3628	57	8	m	m	NOUN
fbem-3628	57	9	option	option	NOUN
fbem-3628	57	10	pricing	pricing	NOUN
fbem-3628	57	11	theory	theory	NOUN
fbem-3628	57	12	,	,	PUNCT
fbem-3628	57	13	kmv	kmv	PROPN
fbem-3628	57	14	model	model	NOUN
fbem-3628	57	15	estimates	estimate	VERB
fbem-3628	57	16	the	the	DET
fbem-3628	57	17	asset	asset	NOUN
fbem-3628	57	18	value	value	NOUN
fbem-3628	57	19	and	and	CCONJ
fbem-3628	57	20	the	the	DET
fbem-3628	57	21	volatility	volatility	NOUN
fbem-3628	57	22	of	of	ADP
fbem-3628	57	23	asset	asset	NOUN
fbem-3628	57	24	value	value	NOUN
fbem-3628	57	25	of	of	ADP
fbem-3628	57	26	an	an	DET
fbem-3628	57	27	enterprise	enterprise	NOUN
fbem-3628	57	28	by	by	ADP
fbem-3628	57	29	using	use	VERB
fbem-3628	57	30	the	the	DET
fbem-3628	57	31	equity	equity	NOUN
fbem-3628	57	32	value	value	NOUN
fbem-3628	57	33	,	,	PUNCT
fbem-3628	57	34	the	the	DET
fbem-3628	57	35	volatility	volatility	NOUN
fbem-3628	57	36	of	of	ADP
fbem-3628	57	37	equity	equity	NOUN
fbem-3628	57	38	value	value	NOUN
fbem-3628	57	39	and	and	CCONJ
fbem-3628	57	40	the	the	DET
fbem-3628	57	41	default	default	NOUN
fbem-3628	57	42	point	point	NOUN
fbem-3628	57	43	of	of	ADP
fbem-3628	57	44	the	the	DET
fbem-3628	57	45	enterprise	enterprise	NOUN
fbem-3628	57	46	,	,	PUNCT
fbem-3628	57	47	and	and	CCONJ
fbem-3628	57	48	calculates	calculate	VERB
fbem-3628	57	49	the	the	DET
fbem-3628	57	50	default	default	NOUN
fbem-3628	57	51	distance	distance	NOUN
fbem-3628	57	52	,	,	PUNCT
fbem-3628	57	53	thus	thus	ADV
fbem-3628	57	54	obtaining	obtain	VERB
fbem-3628	57	55	the	the	DET
fbem-3628	57	56	expected	expect	VERB
fbem-3628	57	57	default	default	NOUN
fbem-3628	57	58	rate	rate	NOUN
fbem-3628	57	59	of	of	ADP
fbem-3628	57	60	the	the	DET
fbem-3628	57	61	enterprise	enterprise	NOUN
fbem-3628	57	62	.	.	PUNCT
fbem-3628	58	1	this	this	DET
fbem-3628	58	2	paper	paper	NOUN
fbem-3628	58	3	will	will	AUX
fbem-3628	58	4	study	study	VERB
fbem-3628	58	5	the	the	DET
fbem-3628	58	6	credit	credit	NOUN
fbem-3628	58	7	risk	risk	NOUN
fbem-3628	58	8	status	status	NOUN
fbem-3628	58	9	of	of	ADP
fbem-3628	58	10	11	11	NUM
fbem-3628	58	11	listed	list	VERB
fbem-3628	58	12	banks	bank	NOUN
fbem-3628	58	13	in	in	ADP
fbem-3628	58	14	china	china	PROPN
fbem-3628	58	15	from	from	ADP
fbem-3628	58	16	2018	2018	NUM
fbem-3628	58	17	to	to	ADP
fbem-3628	58	18	2021	2021	NUM
fbem-3628	58	19	,	,	PUNCT
fbem-3628	58	20	in	in	ADP
fbem-3628	58	21	order	order	NOUN
fbem-3628	58	22	to	to	PART
fbem-3628	58	23	observe	observe	VERB
fbem-3628	58	24	whether	whether	SCONJ
fbem-3628	58	25	macroeconomic	macroeconomic	ADJ
fbem-3628	58	26	changes	change	NOUN
fbem-3628	58	27	have	have	AUX
fbem-3628	58	28	affected	affect	VERB
fbem-3628	58	29	them	they	PRON
fbem-3628	58	30	since	since	SCONJ
fbem-3628	58	31	the	the	DET
fbem-3628	58	32	new	new	ADJ
fbem-3628	58	33	normal	normal	NOUN
fbem-3628	58	34	of	of	ADP
fbem-3628	58	35	economy	economy	NOUN
fbem-3628	58	36	.	.	PUNCT
fbem-3628	59	1	assuming	assume	VERB
fbem-3628	59	2	that	that	SCONJ
fbem-3628	59	3	the	the	DET
fbem-3628	59	4	stock	stock	NOUN
fbem-3628	59	5	price	price	NOUN
fbem-3628	59	6	of	of	ADP
fbem-3628	59	7	listed	list	VERB
fbem-3628	59	8	banks	bank	NOUN
fbem-3628	59	9	obeys	obey	VERB
fbem-3628	59	10	lognormal	lognormal	ADJ
fbem-3628	59	11	distribution	distribution	NOUN
fbem-3628	59	12	,	,	PUNCT
fbem-3628	59	13	the	the	DET
fbem-3628	59	14	daily	daily	ADJ
fbem-3628	59	15	volatility	volatility	NOUN
fbem-3628	59	16	of	of	ADP
fbem-3628	59	17	the	the	DET
fbem-3628	59	18	stock	stock	NOUN
fbem-3628	59	19	is	be	AUX
fbem-3628	59	20	used	use	VERB
fbem-3628	59	21	to	to	PART
fbem-3628	59	22	calculate	calculate	VERB
fbem-3628	59	23	its	its	PRON
fbem-3628	59	24	annual	annual	ADJ
fbem-3628	59	25	volatility	volatility	NOUN
fbem-3628	59	26	.	.	PUNCT
fbem-3628	60	1	the	the	DET
fbem-3628	60	2	daily	daily	ADJ
fbem-3628	60	3	logarithmic	logarithmic	ADJ
fbem-3628	60	4	rate	rate	NOUN
fbem-3628	60	5	of	of	ADP
fbem-3628	60	6	return	return	NOUN
fbem-3628	60	7	of	of	ADP
fbem-3628	60	8	the	the	DET
fbem-3628	60	9	stock	stock	NOUN
fbem-3628	60	10	can	can	AUX
fbem-3628	60	11	be	be	AUX
fbem-3628	60	12	expressed	express	VERB
fbem-3628	60	13	as	as	ADP
fbem-3628	60	14	:	:	PUNCT
fbem-3628	60	15			PROPN
fbem-3628	60	16			PROPN
fbem-3628	60	17			NOUN
fbem-3628	60	18			NOUN
fbem-3628	60	19			PROPN
fbem-3628	60	20			PROPN
fbem-3628	61	1			PROPN
fbem-3628	61	2			NOUN
fbem-3628	61	3			NOUN
fbem-3628	61	4	1	1	NOUN
fbem-3628	62	1	ln	ln	INTJ
fbem-3628	62	2	i	i	PRON
fbem-3628	63	1	i	i	PRON
fbem-3628	64	1	i	i	PRON
fbem-3628	64	2	p	p	X
fbem-3628	64	3	p	p	NOUN
fbem-3628	64	4			NOUN
fbem-3628	64	5	(	(	PUNCT
fbem-3628	64	6	3	3	NUM
fbem-3628	64	7	)	)	PUNCT
fbem-3628	64	8	ip	ip	NOUN
fbem-3628	64	9	stands	stand	VERB
fbem-3628	64	10	for	for	ADP
fbem-3628	64	11	the	the	DET
fbem-3628	64	12	closing	closing	NOUN
fbem-3628	64	13	price	price	NOUN
fbem-3628	64	14	of	of	ADP
fbem-3628	64	15	the	the	DET
fbem-3628	64	16	stock	stock	NOUN
fbem-3628	64	17	on	on	ADP
fbem-3628	64	18	day	day	NOUN
fbem-3628	64	19	i	i	PRON
fbem-3628	64	20	,	,	PUNCT
fbem-3628	64	21	and	and	CCONJ
fbem-3628	64	22	1ip	1ip	NUM
fbem-3628	64	23	stands	stand	VERB
fbem-3628	64	24	for	for	ADP
fbem-3628	64	25	the	the	DET
fbem-3628	64	26	closing	closing	NOUN
fbem-3628	64	27	price	price	NOUN
fbem-3628	64	28	of	of	ADP
fbem-3628	64	29	the	the	DET
fbem-3628	64	30	stock	stock	NOUN
fbem-3628	64	31	on	on	ADP
fbem-3628	64	32	day	day	NOUN
fbem-3628	64	33	1i	1i	NUM
fbem-3628	64	34	.	.	PUNCT
fbem-3628	65	1	at	at	ADP
fbem-3628	65	2	this	this	DET
fbem-3628	65	3	time	time	NOUN
fbem-3628	65	4	,	,	PUNCT
fbem-3628	65	5	the	the	DET
fbem-3628	65	6	standard	standard	ADJ
fbem-3628	65	7	deviation	deviation	NOUN
fbem-3628	65	8	of	of	ADP
fbem-3628	65	9	the	the	DET
fbem-3628	65	10	daily	daily	ADJ
fbem-3628	65	11	rate	rate	NOUN
fbem-3628	65	12	of	of	ADP
fbem-3628	65	13	return	return	NOUN
fbem-3628	65	14	of	of	ADP
fbem-3628	65	15	the	the	DET
fbem-3628	65	16	company	company	NOUN
fbem-3628	65	17	's	's	PART
fbem-3628	65	18	stock	stock	NOUN
fbem-3628	65	19	is	be	AUX
fbem-3628	65	20			X
fbem-3628	65	21	:	:	PUNCT
fbem-3628	65	22			PROPN
fbem-3628	65	23			PROPN
fbem-3628	65	24			PROPN
fbem-3628	65	25			PROPN
fbem-3628	65	26			PROPN
fbem-3628	65	27			PROPN
fbem-3628	65	28			PRON
fbem-3628	66	1	n	n	CCONJ
fbem-3628	67	1	i	i	PRON
fbem-3628	67	2	t	t	VERB
fbem-3628	67	3	n	n	CCONJ
fbem-3628	67	4	1	1	NUM
fbem-3628	67	5	2	2	NUM
fbem-3628	67	6	1	1	NUM
fbem-3628	67	7	1	1	NUM
fbem-3628	67	8			NOUN
fbem-3628	67	9	(	(	PUNCT
fbem-3628	67	10	4	4	NUM
fbem-3628	67	11	)	)	PUNCT
fbem-3628	68	1	where	where	SCONJ
fbem-3628	68	2			X
fbem-3628	68	3			NUM
fbem-3628	69	1			NOUN
fbem-3628	70	1	n	n	ADP
fbem-3628	70	2	t	t	NOUN
fbem-3628	70	3	t	t	NOUN
fbem-3628	70	4	n	n	CCONJ
fbem-3628	70	5	1	1	NUM
fbem-3628	70	6	1	1	NUM
fbem-3628	70	7			PROPN
fbem-3628	70	8	,	,	PUNCT
fbem-3628	70	9			NOUN
fbem-3628	70	10	is	be	AUX
fbem-3628	70	11	the	the	DET
fbem-3628	70	12	average	average	ADJ
fbem-3628	70	13	daily	daily	ADJ
fbem-3628	70	14	rate	rate	NOUN
fbem-3628	70	15	of	of	ADP
fbem-3628	70	16	return	return	NOUN
fbem-3628	70	17	.	.	PUNCT
fbem-3628	71	1	then	then	ADV
fbem-3628	71	2	the	the	DET
fbem-3628	71	3	annual	annual	ADJ
fbem-3628	71	4	standard	standard	ADJ
fbem-3628	71	5	deviation	deviation	NOUN
fbem-3628	71	6	of	of	ADP
fbem-3628	71	7	stock	stock	NOUN
fbem-3628	71	8	returns	return	NOUN
fbem-3628	71	9	can	can	AUX
fbem-3628	71	10	be	be	AUX
fbem-3628	71	11	obtained	obtain	VERB
fbem-3628	71	12	:	:	PUNCT
fbem-3628	71	13	ne	ne	PROPN
fbem-3628	71	14			X
fbem-3628	71	15	0	0	PROPN
fbem-3628	71	16	(	(	PUNCT
fbem-3628	71	17	5	5	NUM
fbem-3628	71	18	)	)	PUNCT
fbem-3628	71	19	table	table	NOUN
fbem-3628	71	20	1	1	NUM
fbem-3628	71	21	.	.	PUNCT
fbem-3628	71	22	value	value	NOUN
fbem-3628	71	23	volatility	volatility	NOUN
fbem-3628	71	24	of	of	ADP
fbem-3628	71	25	equity	equity	NOUN
fbem-3628	71	26	serial	serial	ADJ
fbem-3628	71	27	number	number	NOUN
fbem-3628	71	28	bank	bank	NOUN
fbem-3628	71	29	2018	2018	NUM
fbem-3628	71	30	2019	2019	NUM
fbem-3628	71	31	2020	2020	NUM
fbem-3628	71	32	2021	2021	NUM
fbem-3628	71	33	1	1	NUM
fbem-3628	71	34	bank	bank	NOUN
fbem-3628	71	35	of	of	ADP
fbem-3628	71	36	china	china	PROPN
fbem-3628	71	37	2018	2018	NUM
fbem-3628	71	38	2019	2019	NUM
fbem-3628	71	39	2020	2020	NUM
fbem-3628	71	40	2021	2021	NUM
fbem-3628	71	41	2	2	NUM
fbem-3628	71	42	agricultural	agricultural	ADJ
fbem-3628	71	43	bank	bank	NOUN
fbem-3628	71	44	of	of	ADP
fbem-3628	71	45	china	china	PROPN
fbem-3628	71	46	0.205	0.205	NUM
fbem-3628	71	47	0.2896	0.2896	NUM
fbem-3628	71	48	0.3594	0.3594	NUM
fbem-3628	71	49	0.1923	0.1923	NUM
fbem-3628	71	50	3	3	NUM
fbem-3628	71	51	industrial	industrial	ADJ
fbem-3628	71	52	and	and	CCONJ
fbem-3628	71	53	commercial	commercial	ADJ
fbem-3628	71	54	bank	bank	PROPN
fbem-3628	71	55	of	of	ADP
fbem-3628	71	56	china	china	PROPN
fbem-3628	71	57	0.1092	0.1092	NUM
fbem-3628	71	58	0.1786	0.1786	NUM
fbem-3628	71	59	0.3081	0.3081	NUM
fbem-3628	71	60	0.2529	0.2529	NUM
fbem-3628	71	61	4	4	NUM
fbem-3628	71	62	construction	construction	NOUN
fbem-3628	71	63	bank	bank	NOUN
fbem-3628	71	64	0.1286	0.1286	NUM
fbem-3628	71	65	0.2508	0.2508	NUM
fbem-3628	71	66	0.3415	0.3415	NUM
fbem-3628	71	67	0.1524	0.1524	NUM
fbem-3628	71	68	5	5	NUM
fbem-3628	71	69	bank	bank	NOUN
fbem-3628	71	70	of	of	ADP
fbem-3628	71	71	communication	communication	NOUN
fbem-3628	71	72	0.1733	0.1733	NUM
fbem-3628	71	73	0.169	0.169	NUM
fbem-3628	71	74	0.2816	0.2816	NUM
fbem-3628	71	75	0.1884	0.1884	NUM
fbem-3628	71	76	6	6	NUM
fbem-3628	71	77	industrial	industrial	ADJ
fbem-3628	71	78	bank	bank	NOUN
fbem-3628	71	79	0.2398	0.2398	NUM
fbem-3628	71	80	0.1754	0.1754	NUM
fbem-3628	71	81	0.2692	0.2692	NUM
fbem-3628	71	82	0.2036	0.2036	NUM
fbem-3628	71	83	7	7	NUM
fbem-3628	71	84	china	china	PROPN
fbem-3628	71	85	everbright	everbright	PROPN
fbem-3628	71	86	bank	bank	PROPN
fbem-3628	71	87	0.195	0.195	NUM
fbem-3628	71	88	0.2435	0.2435	NUM
fbem-3628	71	89	0.3636	0.3636	NUM
fbem-3628	71	90	0.2604	0.2604	NUM
fbem-3628	71	91	8	8	NUM
fbem-3628	71	92	china	china	PROPN
fbem-3628	71	93	citic	citic	PROPN
fbem-3628	71	94	bank	bank	PROPN
fbem-3628	71	95	0.2162	0.2162	NUM
fbem-3628	72	1	0.2045	0.2045	NUM
fbem-3628	72	2	0.3026	0.3026	NUM
fbem-3628	72	3	0.2701	0.2701	NUM
fbem-3628	72	4	9	9	NUM
fbem-3628	72	5	huaxia	huaxia	NOUN
fbem-3628	72	6	bank	bank	NOUN
fbem-3628	72	7	0.1432	0.1432	NUM
fbem-3628	72	8	0.2879	0.2879	NUM
fbem-3628	72	9	0.4192	0.4192	NUM
fbem-3628	72	10	0.3646	0.3646	NUM
fbem-3628	72	11	10	10	NUM
fbem-3628	72	12	china	china	PROPN
fbem-3628	72	13	minsheng	minsheng	PROPN
fbem-3628	72	14	bank	bank	PROPN
fbem-3628	72	15	0.1978	0.1978	NUM
fbem-3628	72	16	0.2648	0.2648	NUM
fbem-3628	72	17	0.3573	0.3573	NUM
fbem-3628	72	18	0.3168	0.3168	NUM
fbem-3628	72	19	11	11	NUM
fbem-3628	72	20	china	china	PROPN
fbem-3628	72	21	merchants	merchant	NOUN
fbem-3628	72	22	bank	bank	VERB
fbem-3628	72	23	0.3263	0.3263	NUM
fbem-3628	72	24	0.2164	0.2164	NUM
fbem-3628	72	25	0.3549	0.3549	NUM
fbem-3628	72	26	0.2463	0.2463	NUM
fbem-3628	72	27	243	243	NUM
fbem-3628	72	28	figure	figure	NOUN
fbem-3628	72	29	1	1	NUM
fbem-3628	72	30	.	.	PUNCT
fbem-3628	72	31	equity	equity	NOUN
fbem-3628	72	32	value	value	NOUN
fbem-3628	72	33	volatility	volatility	NOUN
fbem-3628	72	34	curve	curve	NOUN
fbem-3628	72	35	3	3	NUM
fbem-3628	72	36	.	.	NOUN
fbem-3628	72	37	result	result	VERB
fbem-3628	72	38	analysis	analysis	NOUN
fbem-3628	72	39	we	we	PRON
fbem-3628	72	40	estimate	estimate	VERB
fbem-3628	72	41	the	the	DET
fbem-3628	72	42	parameters	parameter	NOUN
fbem-3628	72	43	of	of	ADP
fbem-3628	72	44	kmv	kmv	NOUN
fbem-3628	72	45	model	model	NOUN
fbem-3628	72	46	by	by	ADP
fbem-3628	72	47	using	use	VERB
fbem-3628	72	48	the	the	DET
fbem-3628	72	49	daily	daily	ADJ
fbem-3628	72	50	logarithmic	logarithmic	ADJ
fbem-3628	72	51	returns	return	NOUN
fbem-3628	72	52	of	of	ADP
fbem-3628	72	53	11	11	NUM
fbem-3628	72	54	listed	list	VERB
fbem-3628	72	55	banks	bank	NOUN
fbem-3628	72	56	from	from	ADP
fbem-3628	72	57	2018	2018	NUM
fbem-3628	72	58	to	to	ADP
fbem-3628	72	59	2021	2021	NUM
fbem-3628	72	60	,	,	PUNCT
fbem-3628	72	61	and	and	CCONJ
fbem-3628	72	62	then	then	ADV
fbem-3628	72	63	use	use	VERB
fbem-3628	72	64	the	the	DET
fbem-3628	72	65	model	model	NOUN
fbem-3628	72	66	to	to	PART
fbem-3628	72	67	get	get	VERB
fbem-3628	72	68	the	the	DET
fbem-3628	72	69	volatility	volatility	NOUN
fbem-3628	72	70	of	of	ADP
fbem-3628	72	71	daily	daily	ADJ
fbem-3628	72	72	returns	return	NOUN
fbem-3628	72	73	,	,	PUNCT
fbem-3628	72	74	and	and	CCONJ
fbem-3628	72	75	then	then	ADV
fbem-3628	72	76	get	get	VERB
fbem-3628	72	77	the	the	DET
fbem-3628	72	78	standard	standard	ADJ
fbem-3628	72	79	deviation	deviation	NOUN
fbem-3628	72	80	of	of	ADP
fbem-3628	72	81	annual	annual	ADJ
fbem-3628	72	82	returns	return	NOUN
fbem-3628	72	83	,	,	PUNCT
fbem-3628	72	84	that	that	ADV
fbem-3628	72	85	is	is	ADV
fbem-3628	72	86	,	,	PUNCT
fbem-3628	72	87	the	the	DET
fbem-3628	72	88	volatility	volatility	NOUN
fbem-3628	72	89	of	of	ADP
fbem-3628	72	90	equity	equity	NOUN
fbem-3628	72	91	value	value	NOUN
fbem-3628	72	92	.	.	PUNCT
fbem-3628	73	1	by	by	ADP
fbem-3628	73	2	using	use	VERB
fbem-3628	73	3	fgarch	fgarch	NOUN
fbem-3628	73	4	package	package	NOUN
fbem-3628	73	5	in	in	ADP
fbem-3628	73	6	r	r	NOUN
fbem-3628	73	7	language	language	NOUN
fbem-3628	73	8	for	for	ADP
fbem-3628	73	9	model	model	NOUN
fbem-3628	73	10	fitting	fitting	ADJ
fbem-3628	73	11	,	,	PUNCT
fbem-3628	73	12	we	we	PRON
fbem-3628	73	13	get	get	VERB
fbem-3628	73	14	the	the	DET
fbem-3628	73	15	daily	daily	ADJ
fbem-3628	73	16	return	return	NOUN
fbem-3628	73	17	volatility	volatility	NOUN
fbem-3628	73	18	of	of	ADP
fbem-3628	73	19	11	11	NUM
fbem-3628	73	20	listed	list	VERB
fbem-3628	73	21	banks	bank	NOUN
fbem-3628	73	22	from	from	ADP
fbem-3628	73	23	2018	2018	NUM
fbem-3628	73	24	to	to	ADP
fbem-3628	73	25	2021	2021	NUM
fbem-3628	73	26	,	,	PUNCT
fbem-3628	73	27	and	and	CCONJ
fbem-3628	73	28	then	then	ADV
fbem-3628	73	29	get	get	VERB
fbem-3628	73	30	the	the	DET
fbem-3628	73	31	standard	standard	ADJ
fbem-3628	73	32	deviation	deviation	NOUN
fbem-3628	73	33	of	of	ADP
fbem-3628	73	34	annual	annual	ADJ
fbem-3628	73	35	return	return	NOUN
fbem-3628	73	36	.	.	PUNCT
fbem-3628	74	1	the	the	DET
fbem-3628	74	2	results	result	NOUN
fbem-3628	74	3	are	be	AUX
fbem-3628	74	4	shown	show	VERB
fbem-3628	74	5	in	in	ADP
fbem-3628	74	6	table	table	NOUN
fbem-3628	74	7	1	1	NUM
fbem-3628	74	8	and	and	CCONJ
fbem-3628	74	9	figure	figure	VERB
fbem-3628	74	10	1	1	NUM
fbem-3628	74	11	.	.	PUNCT
fbem-3628	74	12	generally	generally	ADV
fbem-3628	74	13	speaking	speak	VERB
fbem-3628	74	14	,	,	PUNCT
fbem-3628	74	15	the	the	DET
fbem-3628	74	16	volatility	volatility	NOUN
fbem-3628	74	17	of	of	ADP
fbem-3628	74	18	11	11	NUM
fbem-3628	74	19	banks	bank	NOUN
fbem-3628	74	20	showed	show	VERB
fbem-3628	74	21	an	an	DET
fbem-3628	74	22	upward	upward	ADJ
fbem-3628	74	23	trend	trend	NOUN
fbem-3628	74	24	from	from	ADP
fbem-3628	74	25	2018	2018	NUM
fbem-3628	74	26	to	to	ADP
fbem-3628	74	27	2021	2021	NUM
fbem-3628	74	28	,	,	PUNCT
fbem-3628	74	29	peaked	peak	VERB
fbem-3628	74	30	in	in	ADP
fbem-3628	74	31	2020	2020	NUM
fbem-3628	74	32	,	,	PUNCT
fbem-3628	74	33	and	and	CCONJ
fbem-3628	74	34	showed	show	VERB
fbem-3628	74	35	a	a	DET
fbem-3628	74	36	stable	stable	ADJ
fbem-3628	74	37	or	or	CCONJ
fbem-3628	74	38	declining	decline	VERB
fbem-3628	74	39	trend	trend	NOUN
fbem-3628	74	40	in	in	ADP
fbem-3628	74	41	2021	2021	NUM
fbem-3628	74	42	;	;	PUNCT
fbem-3628	74	43	vertically	vertically	ADV
fbem-3628	74	44	,	,	PUNCT
fbem-3628	74	45	the	the	DET
fbem-3628	74	46	volatility	volatility	NOUN
fbem-3628	74	47	of	of	ADP
fbem-3628	74	48	large	large	ADJ
fbem-3628	74	49	commercial	commercial	ADJ
fbem-3628	74	50	banks	bank	NOUN
fbem-3628	74	51	in	in	ADP
fbem-3628	74	52	each	each	DET
fbem-3628	74	53	year	year	NOUN
fbem-3628	74	54	is	be	AUX
fbem-3628	74	55	obviously	obviously	ADV
fbem-3628	74	56	lower	low	ADJ
fbem-3628	74	57	than	than	ADP
fbem-3628	74	58	that	that	PRON
fbem-3628	74	59	of	of	ADP
fbem-3628	74	60	small	small	ADJ
fbem-3628	74	61	and	and	CCONJ
fbem-3628	74	62	medium	medium	ADJ
fbem-3628	74	63	-	-	PUNCT
fbem-3628	74	64	sized	sized	ADJ
fbem-3628	74	65	commercial	commercial	ADJ
fbem-3628	74	66	banks	bank	NOUN
fbem-3628	74	67	.	.	PUNCT
fbem-3628	75	1	through	through	ADP
fbem-3628	75	2	a	a	DET
fbem-3628	75	3	lot	lot	NOUN
fbem-3628	75	4	of	of	ADP
fbem-3628	75	5	research	research	NOUN
fbem-3628	75	6	by	by	ADP
fbem-3628	75	7	scholars	scholar	NOUN
fbem-3628	75	8	,	,	PUNCT
fbem-3628	75	9	it	it	PRON
fbem-3628	75	10	is	be	AUX
fbem-3628	75	11	found	find	VERB
fbem-3628	75	12	that	that	SCONJ
fbem-3628	75	13	when	when	SCONJ
fbem-3628	75	14	the	the	DET
fbem-3628	75	15	company	company	NOUN
fbem-3628	75	16	's	's	PART
fbem-3628	75	17	value	value	NOUN
fbem-3628	75	18	is	be	AUX
fbem-3628	75	19	about	about	ADV
fbem-3628	75	20	equal	equal	ADJ
fbem-3628	75	21	to	to	ADP
fbem-3628	75	22	current	current	ADJ
fbem-3628	75	23	liabilities	liability	NOUN
fbem-3628	75	24	plus	plus	CCONJ
fbem-3628	75	25	50	50	NUM
fbem-3628	75	26	%	%	NOUN
fbem-3628	75	27	long	long	ADJ
fbem-3628	75	28	-	-	PUNCT
fbem-3628	75	29	term	term	NOUN
fbem-3628	75	30	liabilities	liability	NOUN
fbem-3628	75	31	,	,	PUNCT
fbem-3628	75	32	default	default	NOUN
fbem-3628	75	33	occurs	occur	VERB
fbem-3628	75	34	most	most	ADV
fbem-3628	75	35	frequently	frequently	ADV
fbem-3628	75	36	,	,	PUNCT
fbem-3628	75	37	so	so	CCONJ
fbem-3628	75	38	the	the	DET
fbem-3628	75	39	default	default	NOUN
fbem-3628	75	40	distance	distance	NOUN
fbem-3628	75	41	of	of	ADP
fbem-3628	75	42	11	11	NUM
fbem-3628	75	43	listed	list	VERB
fbem-3628	75	44	companies	company	NOUN
fbem-3628	75	45	can	can	AUX
fbem-3628	75	46	be	be	AUX
fbem-3628	75	47	obtained	obtain	VERB
fbem-3628	75	48	by	by	ADP
fbem-3628	75	49	calculation	calculation	NOUN
fbem-3628	75	50	,	,	PUNCT
fbem-3628	75	51	and	and	CCONJ
fbem-3628	75	52	the	the	DET
fbem-3628	75	53	calculation	calculation	NOUN
fbem-3628	75	54	results	result	NOUN
fbem-3628	75	55	are	be	AUX
fbem-3628	75	56	shown	show	VERB
fbem-3628	75	57	in	in	ADP
fbem-3628	75	58	figure	figure	NOUN
fbem-3628	75	59	2	2	NUM
fbem-3628	75	60	.	.	PUNCT
fbem-3628	75	61	figure	figure	NOUN
fbem-3628	75	62	2	2	NUM
fbem-3628	75	63	.	.	PUNCT
fbem-3628	75	64	default	default	NOUN
fbem-3628	75	65	distance	distance	NOUN
fbem-3628	75	66	of	of	ADP
fbem-3628	75	67	listed	list	VERB
fbem-3628	75	68	banks	bank	NOUN
fbem-3628	75	69	from	from	ADP
fbem-3628	75	70	2018	2018	NUM
fbem-3628	75	71	to	to	ADP
fbem-3628	75	72	2021	2021	NUM
fbem-3628	75	73	,	,	PUNCT
fbem-3628	75	74	the	the	DET
fbem-3628	75	75	weighted	weight	VERB
fbem-3628	75	76	average	average	ADJ
fbem-3628	75	77	default	default	NOUN
fbem-3628	75	78	distance	distance	NOUN
fbem-3628	75	79	of	of	ADP
fbem-3628	75	80	both	both	CCONJ
fbem-3628	75	81	large	large	ADJ
fbem-3628	75	82	commercial	commercial	ADJ
fbem-3628	75	83	banks	bank	NOUN
fbem-3628	75	84	and	and	CCONJ
fbem-3628	75	85	small	small	ADJ
fbem-3628	75	86	and	and	CCONJ
fbem-3628	75	87	medium	medium	ADJ
fbem-3628	75	88	-	-	PUNCT
fbem-3628	75	89	sized	sized	ADJ
fbem-3628	75	90	commercial	commercial	ADJ
fbem-3628	75	91	banks	bank	NOUN
fbem-3628	75	92	showed	show	VERB
fbem-3628	75	93	a	a	DET
fbem-3628	75	94	downward	downward	ADJ
fbem-3628	75	95	trend	trend	NOUN
fbem-3628	75	96	,	,	PUNCT
fbem-3628	75	97	and	and	CCONJ
fbem-3628	75	98	it	it	PRON
fbem-3628	75	99	rose	rise	VERB
fbem-3628	75	100	after	after	ADP
fbem-3628	75	101	2018	2018	NUM
fbem-3628	75	102	,	,	PUNCT
fbem-3628	75	103	indicating	indicate	VERB
fbem-3628	75	104	that	that	SCONJ
fbem-3628	75	105	the	the	DET
fbem-3628	75	106	credit	credit	NOUN
fbem-3628	75	107	risk	risk	NOUN
fbem-3628	75	108	of	of	ADP
fbem-3628	75	109	china	china	PROPN
fbem-3628	75	110	's	's	PART
fbem-3628	75	111	commercial	commercial	ADJ
fbem-3628	75	112	banks	bank	NOUN
fbem-3628	75	113	first	first	ADV
fbem-3628	75	114	increased	increase	VERB
fbem-3628	75	115	and	and	CCONJ
fbem-3628	75	116	then	then	ADV
fbem-3628	75	117	decreased	decrease	VERB
fbem-3628	75	118	.	.	PUNCT
fbem-3628	76	1	the	the	DET
fbem-3628	76	2	reason	reason	NOUN
fbem-3628	76	3	for	for	ADP
fbem-3628	76	4	this	this	DET
fbem-3628	76	5	feature	feature	NOUN
fbem-3628	76	6	may	may	AUX
fbem-3628	76	7	be	be	AUX
fbem-3628	76	8	related	relate	VERB
fbem-3628	76	9	to	to	ADP
fbem-3628	76	10	the	the	DET
fbem-3628	76	11	new	new	ADJ
fbem-3628	76	12	normal	normal	ADJ
fbem-3628	76	13	of	of	ADP
fbem-3628	76	14	china	china	PROPN
fbem-3628	76	15	's	's	PART
fbem-3628	76	16	economy	economy	NOUN
fbem-3628	76	17	and	and	CCONJ
fbem-3628	76	18	the	the	DET
fbem-3628	76	19	adjustment	adjustment	NOUN
fbem-3628	76	20	of	of	ADP
fbem-3628	76	21	industrial	industrial	ADJ
fbem-3628	76	22	structure	structure	NOUN
fbem-3628	76	23	.	.	PUNCT
fbem-3628	77	1	from	from	ADP
fbem-3628	77	2	1.54	1.54	NUM
fbem-3628	77	3	%	%	NOUN
fbem-3628	77	4	in	in	ADP
fbem-3628	77	5	2018	2018	NUM
fbem-3628	77	6	to	to	ADP
fbem-3628	77	7	1.96	1.96	NUM
fbem-3628	77	8	%	%	NOUN
fbem-3628	77	9	in	in	ADP
fbem-3628	77	10	2021	2021	NUM
fbem-3628	77	11	,	,	PUNCT
fbem-3628	77	12	the	the	DET
fbem-3628	77	13	credit	credit	NOUN
fbem-3628	77	14	risk	risk	NOUN
fbem-3628	77	15	of	of	ADP
fbem-3628	77	16	banks	bank	NOUN
fbem-3628	77	17	is	be	AUX
fbem-3628	77	18	increasing	increase	VERB
fbem-3628	77	19	.	.	PUNCT
fbem-3628	78	1	kmv	kmv	NOUN
fbem-3628	78	2	model	model	NOUN
fbem-3628	78	3	can	can	AUX
fbem-3628	78	4	not	not	PART
fbem-3628	78	5	only	only	ADV
fbem-3628	78	6	identify	identify	VERB
fbem-3628	78	7	the	the	DET
fbem-3628	78	8	credit	credit	NOUN
fbem-3628	78	9	risks	risk	NOUN
fbem-3628	78	10	of	of	ADP
fbem-3628	78	11	different	different	ADJ
fbem-3628	78	12	types	type	NOUN
fbem-3628	78	13	of	of	ADP
fbem-3628	78	14	enterprises	enterprise	NOUN
fbem-3628	78	15	,	,	PUNCT
fbem-3628	78	16	but	but	CCONJ
fbem-3628	78	17	also	also	ADV
fbem-3628	78	18	the	the	DET
fbem-3628	78	19	differences	difference	NOUN
fbem-3628	78	20	of	of	ADP
fbem-3628	78	21	credit	credit	NOUN
fbem-3628	78	22	risks	risk	NOUN
fbem-3628	78	23	of	of	ADP
fbem-3628	78	24	enterprises	enterprise	NOUN
fbem-3628	78	25	in	in	ADP
fbem-3628	78	26	different	different	ADJ
fbem-3628	78	27	industries	industry	NOUN
fbem-3628	78	28	and	and	CCONJ
fbem-3628	78	29	regions	region	NOUN
fbem-3628	78	30	,	,	PUNCT
fbem-3628	78	31	which	which	PRON
fbem-3628	78	32	further	far	ADV
fbem-3628	78	33	proves	prove	VERB
fbem-3628	78	34	that	that	SCONJ
fbem-3628	78	35	this	this	DET
fbem-3628	78	36	model	model	NOUN
fbem-3628	78	37	is	be	AUX
fbem-3628	78	38	not	not	PART
fbem-3628	78	39	only	only	ADV
fbem-3628	78	40	suitable	suitable	ADJ
fbem-3628	78	41	for	for	ADP
fbem-3628	78	42	microenterprise	microenterprise	NOUN
fbem-3628	78	43	analysis	analysis	NOUN
fbem-3628	78	44	,	,	PUNCT
fbem-3628	78	45	but	but	CCONJ
fbem-3628	78	46	also	also	ADV
fbem-3628	78	47	for	for	ADP
fbem-3628	78	48	meso	meso	NOUN
fbem-3628	78	49	-	-	PUNCT
fbem-3628	78	50	level	level	NOUN
fbem-3628	78	51	analysis	analysis	NOUN
fbem-3628	78	52	.	.	PUNCT
fbem-3628	79	1	this	this	PRON
fbem-3628	79	2	requires	require	VERB
fbem-3628	79	3	commercial	commercial	ADJ
fbem-3628	79	4	banks	bank	NOUN
fbem-3628	79	5	to	to	PART
fbem-3628	79	6	be	be	AUX
fbem-3628	79	7	cautious	cautious	ADJ
fbem-3628	79	8	when	when	SCONJ
fbem-3628	79	9	using	use	VERB
fbem-3628	79	10	kmv	kmv	NOUN
fbem-3628	79	11	model	model	NOUN
fbem-3628	79	12	to	to	PART
fbem-3628	79	13	measure	measure	VERB
fbem-3628	79	14	credit	credit	NOUN
fbem-3628	79	15	risk	risk	NOUN
fbem-3628	79	16	,	,	PUNCT
fbem-3628	79	17	and	and	CCONJ
fbem-3628	79	18	strive	strive	VERB
fbem-3628	79	19	to	to	PART
fbem-3628	79	20	assist	assist	VERB
fbem-3628	79	21	other	other	ADJ
fbem-3628	79	22	information	information	NOUN
fbem-3628	79	23	to	to	PART
fbem-3628	79	24	comprehensively	comprehensively	ADV
fbem-3628	79	25	measure	measure	VERB
fbem-3628	79	26	the	the	DET
fbem-3628	79	27	company	company	NOUN
fbem-3628	79	28	,	,	PUNCT
fbem-3628	79	29	so	so	SCONJ
fbem-3628	79	30	as	as	SCONJ
fbem-3628	79	31	to	to	PART
fbem-3628	79	32	make	make	VERB
fbem-3628	79	33	the	the	DET
fbem-3628	79	34	credit	credit	NOUN
fbem-3628	79	35	risk	risk	NOUN
fbem-3628	79	36	measurement	measurement	NOUN
fbem-3628	79	37	result	result	VERB
fbem-3628	79	38	more	more	ADV
fbem-3628	79	39	accurate	accurate	ADJ
fbem-3628	79	40	,	,	PUNCT
fbem-3628	79	41	more	more	ADV
fbem-3628	79	42	reliable	reliable	ADJ
fbem-3628	79	43	and	and	CCONJ
fbem-3628	79	44	more	more	ADV
fbem-3628	79	45	valuable	valuable	ADJ
fbem-3628	79	46	.	.	PUNCT
fbem-3628	80	1	4	4	X
fbem-3628	80	2	.	.	X
fbem-3628	80	3	conclusions	conclusion	NOUN
fbem-3628	80	4	under	under	ADP
fbem-3628	80	5	the	the	DET
fbem-3628	80	6	background	background	NOUN
fbem-3628	80	7	of	of	ADP
fbem-3628	80	8	active	active	ADJ
fbem-3628	80	9	financial	financial	ADJ
fbem-3628	80	10	market	market	NOUN
fbem-3628	80	11	,	,	PUNCT
fbem-3628	80	12	credit	credit	NOUN
fbem-3628	80	13	244	244	NUM
fbem-3628	80	14	risk	risk	NOUN
fbem-3628	80	15	has	have	AUX
fbem-3628	80	16	become	become	VERB
fbem-3628	80	17	an	an	DET
fbem-3628	80	18	important	important	ADJ
fbem-3628	80	19	field	field	NOUN
fbem-3628	80	20	of	of	ADP
fbem-3628	80	21	risk	risk	NOUN
fbem-3628	80	22	prevention	prevention	NOUN
fbem-3628	80	23	and	and	CCONJ
fbem-3628	80	24	control	control	NOUN
fbem-3628	80	25	,	,	PUNCT
fbem-3628	80	26	and	and	CCONJ
fbem-3628	80	27	it	it	PRON
fbem-3628	80	28	is	be	AUX
fbem-3628	80	29	also	also	ADV
fbem-3628	80	30	a	a	DET
fbem-3628	80	31	challenge	challenge	NOUN
fbem-3628	80	32	that	that	PRON
fbem-3628	80	33	commercial	commercial	ADJ
fbem-3628	80	34	banks	bank	NOUN
fbem-3628	80	35	and	and	CCONJ
fbem-3628	80	36	other	other	ADJ
fbem-3628	80	37	financial	financial	ADJ
fbem-3628	80	38	institutions	institution	NOUN
fbem-3628	80	39	must	must	AUX
fbem-3628	80	40	face	face	VERB
fbem-3628	80	41	.	.	PUNCT
fbem-3628	81	1	therefore	therefore	ADV
fbem-3628	81	2	,	,	PUNCT
fbem-3628	81	3	the	the	DET
fbem-3628	81	4	research	research	NOUN
fbem-3628	81	5	on	on	ADP
fbem-3628	81	6	credit	credit	NOUN
fbem-3628	81	7	risk	risk	NOUN
fbem-3628	81	8	measurement	measurement	NOUN
fbem-3628	81	9	of	of	ADP
fbem-3628	81	10	commercial	commercial	ADJ
fbem-3628	81	11	banks	bank	NOUN
fbem-3628	81	12	not	not	PART
fbem-3628	81	13	only	only	ADV
fbem-3628	81	14	has	have	VERB
fbem-3628	81	15	theoretical	theoretical	ADJ
fbem-3628	81	16	significance	significance	NOUN
fbem-3628	81	17	,	,	PUNCT
fbem-3628	81	18	but	but	CCONJ
fbem-3628	81	19	also	also	ADV
fbem-3628	81	20	has	have	VERB
fbem-3628	81	21	strong	strong	ADJ
fbem-3628	81	22	practical	practical	ADJ
fbem-3628	81	23	significance	significance	NOUN
fbem-3628	81	24	.	.	PUNCT
fbem-3628	82	1	this	this	DET
fbem-3628	82	2	paper	paper	NOUN
fbem-3628	82	3	studies	study	VERB
fbem-3628	82	4	the	the	DET
fbem-3628	82	5	financial	financial	ADJ
fbem-3628	82	6	risk	risk	NOUN
fbem-3628	82	7	control	control	NOUN
fbem-3628	82	8	mechanism	mechanism	NOUN
fbem-3628	82	9	of	of	ADP
fbem-3628	82	10	banks	bank	NOUN
fbem-3628	82	11	based	base	VERB
fbem-3628	82	12	on	on	ADP
fbem-3628	82	13	kmv	kmv	PROPN
fbem-3628	82	14	model	model	NOUN
fbem-3628	82	15	.	.	PUNCT
fbem-3628	83	1	this	this	DET
fbem-3628	83	2	paper	paper	NOUN
fbem-3628	83	3	will	will	AUX
fbem-3628	83	4	study	study	VERB
fbem-3628	83	5	the	the	DET
fbem-3628	83	6	credit	credit	NOUN
fbem-3628	83	7	risk	risk	NOUN
fbem-3628	83	8	status	status	NOUN
fbem-3628	83	9	of	of	ADP
fbem-3628	83	10	11	11	NUM
fbem-3628	83	11	listed	list	VERB
fbem-3628	83	12	banks	bank	NOUN
fbem-3628	83	13	in	in	ADP
fbem-3628	83	14	china	china	PROPN
fbem-3628	83	15	from	from	ADP
fbem-3628	83	16	2018	2018	NUM
fbem-3628	83	17	to	to	ADP
fbem-3628	83	18	2021	2021	NUM
fbem-3628	83	19	,	,	PUNCT
fbem-3628	83	20	in	in	ADP
fbem-3628	83	21	order	order	NOUN
fbem-3628	83	22	to	to	PART
fbem-3628	83	23	observe	observe	VERB
fbem-3628	83	24	whether	whether	SCONJ
fbem-3628	83	25	macroeconomic	macroeconomic	ADJ
fbem-3628	83	26	changes	change	NOUN
fbem-3628	83	27	have	have	AUX
fbem-3628	83	28	affected	affect	VERB
fbem-3628	83	29	them	they	PRON
fbem-3628	83	30	since	since	SCONJ
fbem-3628	83	31	the	the	DET
fbem-3628	83	32	new	new	ADJ
fbem-3628	83	33	normal	normal	NOUN
fbem-3628	83	34	of	of	ADP
fbem-3628	83	35	economy	economy	NOUN
fbem-3628	83	36	.	.	PUNCT
fbem-3628	84	1	the	the	DET
fbem-3628	84	2	results	result	NOUN
fbem-3628	84	3	show	show	VERB
fbem-3628	84	4	that	that	SCONJ
fbem-3628	84	5	the	the	DET
fbem-3628	84	6	volatility	volatility	NOUN
fbem-3628	84	7	of	of	ADP
fbem-3628	84	8	large	large	ADJ
fbem-3628	84	9	commercial	commercial	ADJ
fbem-3628	84	10	banks	bank	NOUN
fbem-3628	84	11	in	in	ADP
fbem-3628	84	12	each	each	DET
fbem-3628	84	13	year	year	NOUN
fbem-3628	84	14	is	be	AUX
fbem-3628	84	15	obviously	obviously	ADV
fbem-3628	84	16	lower	low	ADJ
fbem-3628	84	17	than	than	ADP
fbem-3628	84	18	that	that	PRON
fbem-3628	84	19	of	of	ADP
fbem-3628	84	20	small	small	ADJ
fbem-3628	84	21	and	and	CCONJ
fbem-3628	84	22	medium	medium	ADJ
fbem-3628	84	23	-	-	PUNCT
fbem-3628	84	24	sized	sized	ADJ
fbem-3628	84	25	commercial	commercial	ADJ
fbem-3628	84	26	banks	bank	NOUN
fbem-3628	84	27	.	.	PUNCT
fbem-3628	85	1	the	the	DET
fbem-3628	85	2	fluctuation	fluctuation	NOUN
fbem-3628	85	3	range	range	NOUN
fbem-3628	85	4	of	of	ADP
fbem-3628	85	5	weighted	weight	VERB
fbem-3628	85	6	average	average	ADJ
fbem-3628	85	7	default	default	NOUN
fbem-3628	85	8	distance	distance	NOUN
fbem-3628	85	9	of	of	ADP
fbem-3628	85	10	large	large	ADJ
fbem-3628	85	11	commercial	commercial	ADJ
fbem-3628	85	12	banks	bank	NOUN
fbem-3628	85	13	is	be	AUX
fbem-3628	85	14	obviously	obviously	ADV
fbem-3628	85	15	smaller	small	ADJ
fbem-3628	85	16	than	than	ADP
fbem-3628	85	17	that	that	PRON
fbem-3628	85	18	of	of	ADP
fbem-3628	85	19	small	small	ADJ
fbem-3628	85	20	and	and	CCONJ
fbem-3628	85	21	medium	medium	ADJ
fbem-3628	85	22	-	-	PUNCT
fbem-3628	85	23	sized	sized	ADJ
fbem-3628	85	24	commercial	commercial	ADJ
fbem-3628	85	25	banks	bank	NOUN
fbem-3628	85	26	,	,	PUNCT
fbem-3628	85	27	which	which	PRON
fbem-3628	85	28	shows	show	VERB
fbem-3628	85	29	that	that	SCONJ
fbem-3628	85	30	large	large	ADJ
fbem-3628	85	31	commercial	commercial	ADJ
fbem-3628	85	32	banks	bank	NOUN
fbem-3628	85	33	are	be	AUX
fbem-3628	85	34	more	more	ADV
fbem-3628	85	35	resistant	resistant	ADJ
fbem-3628	85	36	to	to	ADP
fbem-3628	85	37	the	the	DET
fbem-3628	85	38	interference	interference	NOUN
fbem-3628	85	39	caused	cause	VERB
fbem-3628	85	40	by	by	ADP
fbem-3628	85	41	changes	change	NOUN
fbem-3628	85	42	in	in	ADP
fbem-3628	85	43	external	external	ADJ
fbem-3628	85	44	conditions	condition	NOUN
fbem-3628	85	45	,	,	PUNCT
fbem-3628	85	46	while	while	SCONJ
fbem-3628	85	47	small	small	ADJ
fbem-3628	85	48	and	and	CCONJ
fbem-3628	85	49	medium	medium	ADJ
fbem-3628	85	50	-	-	PUNCT
fbem-3628	85	51	sized	sized	ADJ
fbem-3628	85	52	banks	bank	NOUN
fbem-3628	85	53	are	be	AUX
fbem-3628	85	54	more	more	ADV
fbem-3628	85	55	susceptible	susceptible	ADJ
fbem-3628	85	56	to	to	ADP
fbem-3628	85	57	external	external	ADJ
fbem-3628	85	58	shocks	shock	NOUN
fbem-3628	85	59	.	.	PUNCT
fbem-3628	86	1	references	reference	NOUN
fbem-3628	86	2	[	[	X
fbem-3628	86	3	1	1	NUM
fbem-3628	86	4	]	]	SYM
fbem-3628	86	5	wu	wu	PROPN
fbem-3628	86	6	,	,	PUNCT
fbem-3628	86	7	s.	s.	PROPN
fbem-3628	86	8	,	,	PUNCT
fbem-3628	86	9	mu	mu	PROPN
fbem-3628	86	10	,	,	PUNCT
fbem-3628	86	11	p.	p.	NOUN
fbem-3628	86	12	,	,	PUNCT
fbem-3628	86	13	shen	shen	PROPN
fbem-3628	86	14	,	,	PUNCT
fbem-3628	86	15	j.	j.	PROPN
fbem-3628	86	16	,	,	PUNCT
fbem-3628	86	17	&	&	CCONJ
fbem-3628	86	18	wang	wang	PROPN
fbem-3628	86	19	,	,	PUNCT
fbem-3628	86	20	w.	w.	PROPN
fbem-3628	86	21	(	(	PUNCT
fbem-3628	86	22	2020	2020	NUM
fbem-3628	86	23	)	)	PUNCT
fbem-3628	86	24	.	.	PUNCT
fbem-3628	87	1	an	an	DET
fbem-3628	87	2	incentive	incentive	NOUN
fbem-3628	87	3	mechanism	mechanism	NOUN
fbem-3628	87	4	model	model	NOUN
fbem-3628	87	5	of	of	ADP
fbem-3628	87	6	credit	credit	NOUN
fbem-3628	87	7	behavior	behavior	NOUN
fbem-3628	87	8	of	of	ADP
fbem-3628	87	9	smes	sme	NOUN
fbem-3628	87	10	based	base	VERB
fbem-3628	87	11	on	on	ADP
fbem-3628	87	12	the	the	DET
fbem-3628	87	13	perspective	perspective	NOUN
fbem-3628	87	14	of	of	ADP
fbem-3628	87	15	credit	credit	NOUN
fbem-3628	87	16	default	default	NOUN
fbem-3628	87	17	swaps	swap	NOUN
fbem-3628	87	18	.	.	PUNCT
fbem-3628	88	1	complexity	complexity	NOUN
fbem-3628	88	2	,	,	PUNCT
fbem-3628	88	3	2020(2	2020(2	NUM
fbem-3628	88	4	)	)	PUNCT
fbem-3628	88	5	,	,	PUNCT
fbem-3628	88	6	1	1	NUM
fbem-3628	88	7	-	-	SYM
fbem-3628	88	8	8	8	NUM
fbem-3628	88	9	.	.	PUNCT
fbem-3628	89	1	[	[	X
fbem-3628	89	2	2	2	NUM
fbem-3628	89	3	]	]	X
fbem-3628	89	4	fuertes	fuerte	NOUN
fbem-3628	89	5	,	,	PUNCT
fbem-3628	89	6	a.	a.	NOUN
fbem-3628	89	7	m.	m.	NOUN
fbem-3628	89	8	,	,	PUNCT
fbem-3628	89	9	&	&	CCONJ
fbem-3628	89	10	md	md	PROPN
fbem-3628	89	11	robles	robles	PROPN
fbem-3628	89	12	.	.	PUNCT
fbem-3628	90	1	(	(	PUNCT
fbem-3628	90	2	2021	2021	NUM
fbem-3628	90	3	)	)	PUNCT
fbem-3628	90	4	.	.	PUNCT
fbem-3628	91	1	bank	bank	NOUN
fbem-3628	91	2	credit	credit	NOUN
fbem-3628	91	3	risk	risk	NOUN
fbem-3628	91	4	events	event	NOUN
fbem-3628	91	5	and	and	CCONJ
fbem-3628	91	6	peers	peer	NOUN
fbem-3628	91	7	'	'	PART
fbem-3628	91	8	equity	equity	NOUN
fbem-3628	91	9	value	value	NOUN
fbem-3628	91	10	.	.	PUNCT
fbem-3628	92	1	international	international	ADJ
fbem-3628	92	2	review	review	NOUN
fbem-3628	92	3	of	of	ADP
fbem-3628	92	4	financial	financial	ADJ
fbem-3628	92	5	analysis	analysis	NOUN
fbem-3628	92	6	,	,	PUNCT
fbem-3628	92	7	75(3	75(3	NUM
fbem-3628	92	8	)	)	PUNCT
fbem-3628	92	9	,	,	PUNCT
fbem-3628	92	10	101668	101668	NUM
fbem-3628	92	11	.	.	PUNCT
fbem-3628	93	1	[	[	X
fbem-3628	93	2	3	3	NUM
fbem-3628	93	3	]	]	X
fbem-3628	93	4	hot	hot	ADJ
fbem-3628	93	5	,	,	PUNCT
fbem-3628	93	6	v.	v.	PROPN
fbem-3628	93	7	h.	h.	PROPN
fbem-3628	93	8	(	(	PUNCT
fbem-3628	93	9	2018	2018	NUM
fbem-3628	93	10	)	)	PUNCT
fbem-3628	93	11	.	.	PUNCT
fbem-3628	94	1	sustainable	sustainable	ADJ
fbem-3628	94	2	finance	finance	PROPN
fbem-3628	94	3	&	&	CCONJ
fbem-3628	94	4	china	china	PROPN
fbem-3628	94	5	's	's	PART
fbem-3628	94	6	green	green	ADJ
fbem-3628	94	7	credit	credit	NOUN
fbem-3628	94	8	reforms	reform	NOUN
fbem-3628	94	9	:	:	PUNCT
fbem-3628	94	10	a	a	DET
fbem-3628	94	11	test	test	NOUN
fbem-3628	94	12	case	case	NOUN
fbem-3628	94	13	for	for	ADP
fbem-3628	94	14	bank	bank	NOUN
fbem-3628	94	15	monitoring	monitoring	NOUN
fbem-3628	94	16	of	of	ADP
fbem-3628	94	17	environmental	environmental	ADJ
fbem-3628	94	18	risk	risk	NOUN
fbem-3628	94	19	.	.	PUNCT
fbem-3628	95	1	cornell	cornell	PROPN
fbem-3628	95	2	international	international	PROPN
fbem-3628	95	3	law	law	PROPN
fbem-3628	95	4	journal	journal	NOUN
fbem-3628	95	5	,	,	PUNCT
fbem-3628	95	6	51(3	51(3	NUM
fbem-3628	95	7	)	)	PUNCT
fbem-3628	95	8	,	,	PUNCT
fbem-3628	95	9	609	609	NUM
fbem-3628	95	10	-	-	SYM
fbem-3628	95	11	681	681	NUM
fbem-3628	95	12	.	.	PUNCT
fbem-3628	96	1	[	[	X
fbem-3628	96	2	4	4	NUM
fbem-3628	96	3	]	]	X
fbem-3628	96	4	choda	choda	PROPN
fbem-3628	96	5	,	,	PUNCT
fbem-3628	96	6	j.	j.	PROPN
fbem-3628	96	7	(	(	PUNCT
fbem-3628	96	8	2017	2017	NUM
fbem-3628	96	9	)	)	PUNCT
fbem-3628	96	10	.	.	PUNCT
fbem-3628	97	1	inventory	inventory	NOUN
fbem-3628	97	2	,	,	PUNCT
fbem-3628	97	3	risk	risk	NOUN
fbem-3628	97	4	shifting	shifting	NOUN
fbem-3628	97	5	,	,	PUNCT
fbem-3628	97	6	and	and	CCONJ
fbem-3628	97	7	trade	trade	NOUN
fbem-3628	97	8	credit	credit	NOUN
fbem-3628	97	9	.	.	PUNCT
fbem-3628	98	1	management	management	NOUN
fbem-3628	98	2	science	science	NOUN
fbem-3628	98	3	,	,	PUNCT
fbem-3628	98	4	63(10	63(10	NOUN
fbem-3628	98	5	)	)	PUNCT
fbem-3628	98	6	,	,	PUNCT
fbem-3628	98	7	3207	3207	NUM
fbem-3628	98	8	-	-	SYM
fbem-3628	98	9	3225	3225	NUM
fbem-3628	98	10	.	.	PUNCT
fbem-3628	99	1	[	[	X
fbem-3628	99	2	5	5	NUM
fbem-3628	99	3	]	]	X
fbem-3628	99	4	zhuo	zhuo	PROPN
fbem-3628	99	5	,	,	PUNCT
fbem-3628	99	6	w.	w.	PROPN
fbem-3628	99	7	,	,	PUNCT
fbem-3628	99	8	peng	peng	PROPN
fbem-3628	99	9	,	,	PUNCT
fbem-3628	99	10	j.	j.	PROPN
fbem-3628	99	11	,	,	PUNCT
fbem-3628	99	12	zhen	zhen	PROPN
fbem-3628	99	13	,	,	PUNCT
fbem-3628	99	14	z.	z.	PROPN
fbem-3628	99	15	,	,	PUNCT
fbem-3628	99	16	&	&	CCONJ
fbem-3628	99	17	wang	wang	PROPN
fbem-3628	99	18	,	,	PUNCT
fbem-3628	99	19	j.	j.	PROPN
fbem-3628	99	20	(	(	PUNCT
fbem-3628	99	21	2022	2022	NUM
fbem-3628	99	22	)	)	PUNCT
fbem-3628	99	23	.	.	PUNCT
fbem-3628	100	1	mixed	mixed	ADJ
fbem-3628	100	2	financing	financing	NOUN
fbem-3628	100	3	modes	mode	NOUN
fbem-3628	100	4	for	for	ADP
fbem-3628	100	5	capital	capital	NOUN
fbem-3628	100	6	-	-	PUNCT
fbem-3628	100	7	constrained	constrain	VERB
fbem-3628	100	8	supply	supply	NOUN
fbem-3628	100	9	chain	chain	NOUN
fbem-3628	100	10	with	with	ADP
fbem-3628	100	11	riskaverse	riskaverse	NOUN
fbem-3628	100	12	members	member	NOUN
fbem-3628	100	13	.	.	PUNCT
fbem-3628	101	1	rairo	rairo	PROPN
fbem-3628	101	2	operations	operation	NOUN
fbem-3628	101	3	research	research	NOUN
fbem-3628	101	4	,	,	PUNCT
fbem-3628	101	5	56(3	56(3	NOUN
fbem-3628	101	6	)	)	PUNCT
fbem-3628	101	7	,	,	PUNCT
fbem-3628	101	8	12231258	12231258	NUM
fbem-3628	101	9	.	.	PUNCT
fbem-3628	102	1	[	[	X
fbem-3628	102	2	6	6	NUM
fbem-3628	102	3	]	]	X
fbem-3628	102	4	luo	luo	PROPN
fbem-3628	102	5	,	,	PUNCT
fbem-3628	102	6	y.	y.	PROPN
fbem-3628	102	7	,	,	PUNCT
fbem-3628	102	8	wei	wei	PROPN
fbem-3628	102	9	,	,	PUNCT
fbem-3628	102	10	q.	q.	PROPN
fbem-3628	102	11	,	,	PUNCT
fbem-3628	102	12	ling	ling	PROPN
fbem-3628	102	13	,	,	PUNCT
fbem-3628	102	14	q.	q.	PROPN
fbem-3628	102	15	,	,	PUNCT
fbem-3628	102	16	&	&	CCONJ
fbem-3628	102	17	huo	huo	PROPN
fbem-3628	102	18	,	,	PUNCT
fbem-3628	102	19	b.	b.	PROPN
fbem-3628	102	20	(	(	PUNCT
fbem-3628	102	21	2020	2020	NUM
fbem-3628	102	22	)	)	PUNCT
fbem-3628	102	23	.	.	PUNCT
fbem-3628	103	1	optimal	optimal	ADJ
fbem-3628	103	2	decision	decision	NOUN
fbem-3628	103	3	in	in	ADP
fbem-3628	103	4	a	a	DET
fbem-3628	103	5	green	green	ADJ
fbem-3628	103	6	supply	supply	NOUN
fbem-3628	103	7	chain	chain	NOUN
fbem-3628	103	8	:	:	PUNCT
fbem-3628	103	9	bank	bank	NOUN
fbem-3628	103	10	financing	financing	NOUN
fbem-3628	103	11	or	or	CCONJ
fbem-3628	103	12	supplier	supplier	NOUN
fbem-3628	103	13	financing	financing	NOUN
fbem-3628	103	14	.	.	PUNCT
fbem-3628	104	1	journal	journal	NOUN
fbem-3628	104	2	of	of	ADP
fbem-3628	104	3	cleaner	clean	ADJ
fbem-3628	104	4	production	production	NOUN
fbem-3628	104	5	,	,	PUNCT
fbem-3628	104	6	271(3	271(3	NUM
fbem-3628	104	7	)	)	PUNCT
fbem-3628	104	8	,	,	PUNCT
fbem-3628	104	9	122090	122090	NUM
fbem-3628	104	10	.	.	PUNCT
fbem-3628	105	1	[	[	X
fbem-3628	105	2	7	7	NUM
fbem-3628	105	3	]	]	X
fbem-3628	105	4	hermansson	hermansson	NOUN
fbem-3628	105	5	,	,	PUNCT
fbem-3628	105	6	c.	c.	NOUN
fbem-3628	105	7	(	(	PUNCT
fbem-3628	105	8	2018	2018	NUM
fbem-3628	105	9	)	)	PUNCT
fbem-3628	105	10	.	.	PUNCT
fbem-3628	106	1	can	can	AUX
fbem-3628	106	2	self	self	NOUN
fbem-3628	106	3	-	-	PUNCT
fbem-3628	106	4	assessed	assess	VERB
fbem-3628	106	5	financial	financial	ADJ
fbem-3628	106	6	risk	risk	NOUN
fbem-3628	106	7	measures	measure	NOUN
fbem-3628	106	8	explain	explain	VERB
fbem-3628	106	9	and	and	CCONJ
fbem-3628	106	10	predict	predict	VERB
fbem-3628	106	11	bank	bank	NOUN
fbem-3628	106	12	customers	customer	NOUN
fbem-3628	106	13	'	'	PART
fbem-3628	106	14	objective	objective	ADJ
fbem-3628	106	15	financial	financial	ADJ
fbem-3628	106	16	risk	risk	NOUN
fbem-3628	106	17	?	?	PUNCT
fbem-3628	106	18	.	.	PUNCT
fbem-3628	107	1	journal	journal	PROPN
fbem-3628	107	2	of	of	ADP
fbem-3628	107	3	economic	economic	ADJ
fbem-3628	107	4	behavior	behavior	NOUN
fbem-3628	107	5	&	&	CCONJ
fbem-3628	107	6	organization	organization	PROPN
fbem-3628	107	7	,	,	PUNCT
fbem-3628	107	8	2018(6	2018(6	NOUN
fbem-3628	107	9	)	)	PUNCT
fbem-3628	107	10	,	,	PUNCT
fbem-3628	107	11	148	148	NUM
fbem-3628	107	12	.	.	PUNCT
fbem-3628	108	1	[	[	X
fbem-3628	108	2	8	8	NUM
fbem-3628	108	3	]	]	X
fbem-3628	108	4	md	md	PROPN
fbem-3628	108	5	delis	deli	NOUN
fbem-3628	108	6	,	,	PUNCT
fbem-3628	108	7	staikouras	staikoura	NOUN
fbem-3628	108	8	,	,	PUNCT
fbem-3628	108	9	p.	p.	PROPN
fbem-3628	108	10	k.	k.	PROPN
fbem-3628	108	11	,	,	PUNCT
fbem-3628	108	12	&	&	CCONJ
fbem-3628	108	13	tsoumas	tsouma	NOUN
fbem-3628	108	14	,	,	PUNCT
fbem-3628	108	15	c.	c.	NOUN
fbem-3628	108	16	(	(	PUNCT
fbem-3628	108	17	2017	2017	NUM
fbem-3628	108	18	)	)	PUNCT
fbem-3628	108	19	.	.	PUNCT
fbem-3628	109	1	formal	formal	ADJ
fbem-3628	109	2	enforcement	enforcement	NOUN
fbem-3628	109	3	actions	action	NOUN
fbem-3628	109	4	and	and	CCONJ
fbem-3628	109	5	bank	bank	NOUN
fbem-3628	109	6	behavior	behavior	NOUN
fbem-3628	109	7	.	.	PUNCT
fbem-3628	110	1	management	management	NOUN
fbem-3628	110	2	science	science	NOUN
fbem-3628	110	3	,	,	PUNCT
fbem-3628	110	4	63(4	63(4	NOUN
fbem-3628	110	5	)	)	PUNCT
fbem-3628	110	6	,	,	PUNCT
fbem-3628	110	7	959	959	NUM
fbem-3628	110	8	-	-	SYM
fbem-3628	110	9	987	987	NUM
fbem-3628	110	10	.	.	PUNCT
fbem-3628	111	1	[	[	X
fbem-3628	111	2	9	9	NUM
fbem-3628	111	3	]	]	X
fbem-3628	111	4	kim	kim	PROPN
fbem-3628	111	5	,	,	PUNCT
fbem-3628	111	6	j.	j.	PROPN
fbem-3628	111	7	b.	b.	PROPN
fbem-3628	111	8	,	,	PUNCT
fbem-3628	111	9	song	song	PROPN
fbem-3628	111	10	,	,	PUNCT
fbem-3628	111	11	b.	b.	PROPN
fbem-3628	111	12	y.	y.	PROPN
fbem-3628	111	13	,	,	PUNCT
fbem-3628	111	14	&	&	CCONJ
fbem-3628	111	15	stratopoulos	stratopoulo	NOUN
fbem-3628	111	16	,	,	PUNCT
fbem-3628	111	17	t.	t.	PROPN
fbem-3628	111	18	c.	c.	PROPN
fbem-3628	111	19	(	(	PUNCT
fbem-3628	111	20	2018	2018	NUM
fbem-3628	111	21	)	)	PUNCT
fbem-3628	111	22	.	.	PUNCT
fbem-3628	111	23	does	do	AUX
fbem-3628	111	24	information	information	NOUN
fbem-3628	111	25	technology	technology	NOUN
fbem-3628	111	26	reputation	reputation	NOUN
fbem-3628	111	27	affect	affect	VERB
fbem-3628	111	28	bank	bank	NOUN
fbem-3628	111	29	loan	loan	NOUN
fbem-3628	111	30	terms	term	NOUN
fbem-3628	111	31	?	?	PUNCT
fbem-3628	111	32	.	.	PUNCT
fbem-3628	112	1	accounting	accounting	NOUN
fbem-3628	112	2	review	review	PROPN
fbem-3628	112	3	,	,	PUNCT
fbem-3628	112	4	93(3	93(3	NUM
fbem-3628	112	5	)	)	PUNCT
fbem-3628	112	6	,	,	PUNCT
fbem-3628	112	7	185	185	NUM
fbem-3628	112	8	-	-	SYM
fbem-3628	112	9	211	211	NUM
fbem-3628	112	10	.	.	PUNCT
fbem-3628	113	1	[	[	X
fbem-3628	113	2	10	10	NUM
fbem-3628	113	3	]	]	X
fbem-3628	113	4	yang	yang	PROPN
fbem-3628	113	5	zhuqing	zhuqing	PROPN
fbem-3628	113	6	.	.	PUNCT
fbem-3628	114	1	(	(	PUNCT
fbem-3628	114	2	2018	2018	NUM
fbem-3628	114	3	)	)	PUNCT
fbem-3628	114	4	.	.	PUNCT
fbem-3628	115	1	research	research	NOUN
fbem-3628	115	2	on	on	ADP
fbem-3628	115	3	the	the	DET
fbem-3628	115	4	relationship	relationship	NOUN
fbem-3628	115	5	between	between	ADP
fbem-3628	115	6	r&d	r&d	NOUN
fbem-3628	115	7	innovation	innovation	NOUN
fbem-3628	115	8	and	and	CCONJ
fbem-3628	115	9	credit	credit	NOUN
fbem-3628	115	10	risk	risk	NOUN
fbem-3628	115	11	of	of	ADP
fbem-3628	115	12	listed	list	VERB
fbem-3628	115	13	companies	company	NOUN
fbem-3628	115	14	-	-	PUNCT
fbem-3628	115	15	an	an	DET
fbem-3628	115	16	empirical	empirical	ADJ
fbem-3628	115	17	analysis	analysis	NOUN
fbem-3628	115	18	based	base	VERB
fbem-3628	115	19	on	on	ADP
fbem-3628	115	20	kmv	kmv	PROPN
fbem-3628	115	21	model	model	NOUN
fbem-3628	115	22	.	.	PUNCT
fbem-3628	116	1	financial	financial	ADJ
fbem-3628	116	2	theory	theory	NOUN
fbem-3628	116	3	and	and	CCONJ
fbem-3628	116	4	practice	practice	NOUN
fbem-3628	116	5	,	,	PUNCT
fbem-3628	116	6	2018(5	2018(5	NUM
fbem-3628	116	7	)	)	PUNCT
fbem-3628	116	8	,	,	PUNCT
fbem-3628	116	9	6	6	NUM
fbem-3628	116	10	.	.	PUNCT