id	sid	tid	token	lemma	pos
fbem-4349	1	1	frontiers	frontier	NOUN
fbem-4349	1	2	in	in	ADP
fbem-4349	1	3	business	business	NOUN
fbem-4349	1	4	,	,	PUNCT
fbem-4349	1	5	economics	economic	NOUN
fbem-4349	1	6	and	and	CCONJ
fbem-4349	1	7	management	management	NOUN
fbem-4349	1	8	issn	issn	PROPN
fbem-4349	1	9	:	:	PUNCT
fbem-4349	1	10	2766	2766	NUM
fbem-4349	1	11	-	-	PUNCT
fbem-4349	1	12	824x	824x	NUM
fbem-4349	1	13	|	|	ADJ
fbem-4349	1	14	vol	vol	NOUN
fbem-4349	1	15	.	.	PUNCT
fbem-4349	2	1	7	7	NUM
fbem-4349	2	2	,	,	PUNCT
fbem-4349	2	3	no	no	INTJ
fbem-4349	2	4	.	.	NOUN
fbem-4349	2	5	2	2	NUM
fbem-4349	2	6	,	,	PUNCT
fbem-4349	3	1	2023	2023	NUM
fbem-4349	3	2	6	6	NUM
fbem-4349	3	3	analysis	analysis	NOUN
fbem-4349	3	4	of	of	ADP
fbem-4349	3	5	goodwill	goodwill	NOUN
fbem-4349	3	6	impairment	impairment	ADJ
fbem-4349	3	7	risk	risk	NOUN
fbem-4349	3	8	of	of	ADP
fbem-4349	3	9	asset‐light	asset‐light	ADJ
fbem-4349	3	10	enterprises	enterprise	NOUN
fbem-4349	3	11	under	under	ADP
fbem-4349	3	12	high	high	ADJ
fbem-4349	3	13	premium	premium	NOUN
fbem-4349	3	14	merger	merger	NOUN
fbem-4349	3	15	and	and	CCONJ
fbem-4349	3	16	acquisition	acquisition	NOUN
fbem-4349	3	17	jingjing	jingjing	PROPN
fbem-4349	3	18	yang	yang	PROPN
fbem-4349	3	19	auhui	auhui	PROPN
fbem-4349	3	20	university	university	PROPN
fbem-4349	3	21	of	of	ADP
fbem-4349	3	22	finance	finance	NOUN
fbem-4349	3	23	and	and	CCONJ
fbem-4349	3	24	economics	economic	NOUN
fbem-4349	3	25	,	,	PUNCT
fbem-4349	3	26	anhui	anhui	PROPN
fbem-4349	3	27	,	,	PUNCT
fbem-4349	3	28	233000	233000	NUM
fbem-4349	3	29	,	,	PUNCT
fbem-4349	3	30	china	china	PROPN
fbem-4349	3	31	abstract	abstract	NOUN
fbem-4349	3	32	:	:	PUNCT
fbem-4349	3	33	from	from	ADP
fbem-4349	3	34	the	the	DET
fbem-4349	3	35	perspective	perspective	NOUN
fbem-4349	3	36	of	of	ADP
fbem-4349	3	37	goodwill	goodwill	NOUN
fbem-4349	3	38	generated	generate	VERB
fbem-4349	3	39	by	by	ADP
fbem-4349	3	40	mergers	merger	NOUN
fbem-4349	3	41	and	and	CCONJ
fbem-4349	3	42	acquisitions	acquisition	NOUN
fbem-4349	3	43	,	,	PUNCT
fbem-4349	3	44	this	this	DET
fbem-4349	3	45	paper	paper	NOUN
fbem-4349	3	46	analyzes	analyze	VERB
fbem-4349	3	47	the	the	DET
fbem-4349	3	48	reasons	reason	NOUN
fbem-4349	3	49	for	for	ADP
fbem-4349	3	50	the	the	DET
fbem-4349	3	51	huge	huge	ADJ
fbem-4349	3	52	goodwill	goodwill	NOUN
fbem-4349	3	53	generated	generate	VERB
fbem-4349	3	54	by	by	ADP
fbem-4349	3	55	high	high	ADJ
fbem-4349	3	56	-	-	PUNCT
fbem-4349	3	57	premium	premium	NOUN
fbem-4349	3	58	mergers	merger	NOUN
fbem-4349	3	59	and	and	CCONJ
fbem-4349	3	60	acquisitions	acquisition	NOUN
fbem-4349	3	61	of	of	ADP
fbem-4349	3	62	asset	asset	NOUN
fbem-4349	3	63	-	-	PUNCT
fbem-4349	3	64	light	light	NOUN
fbem-4349	3	65	enterprises	enterprise	NOUN
fbem-4349	3	66	and	and	CCONJ
fbem-4349	3	67	the	the	DET
fbem-4349	3	68	influencing	influence	VERB
fbem-4349	3	69	factors	factor	NOUN
fbem-4349	3	70	of	of	ADP
fbem-4349	3	71	goodwill	goodwill	NOUN
fbem-4349	3	72	impairment	impairment	NOUN
fbem-4349	3	73	,	,	PUNCT
fbem-4349	3	74	finds	find	VERB
fbem-4349	3	75	out	out	ADP
fbem-4349	3	76	the	the	DET
fbem-4349	3	77	adverse	adverse	ADJ
fbem-4349	3	78	consequences	consequence	NOUN
fbem-4349	3	79	of	of	ADP
fbem-4349	3	80	goodwill	goodwill	NOUN
fbem-4349	3	81	impairment	impairment	NOUN
fbem-4349	3	82	,	,	PUNCT
fbem-4349	3	83	and	and	CCONJ
fbem-4349	3	84	puts	put	VERB
fbem-4349	3	85	forward	forward	ADV
fbem-4349	3	86	some	some	DET
fbem-4349	3	87	measures	measure	NOUN
fbem-4349	3	88	to	to	PART
fbem-4349	3	89	prevent	prevent	VERB
fbem-4349	3	90	the	the	DET
fbem-4349	3	91	risk	risk	NOUN
fbem-4349	3	92	of	of	ADP
fbem-4349	3	93	goodwill	goodwill	NOUN
fbem-4349	3	94	impairment	impairment	NOUN
fbem-4349	3	95	caused	cause	VERB
fbem-4349	3	96	by	by	ADP
fbem-4349	3	97	high	high	ADJ
fbem-4349	3	98	-	-	PUNCT
fbem-4349	3	99	premium	premium	NOUN
fbem-4349	3	100	mergers	merger	NOUN
fbem-4349	3	101	and	and	CCONJ
fbem-4349	3	102	acquisitions	acquisition	NOUN
fbem-4349	3	103	,	,	PUNCT
fbem-4349	3	104	so	so	SCONJ
fbem-4349	3	105	as	as	SCONJ
fbem-4349	3	106	to	to	PART
fbem-4349	3	107	make	make	VERB
fbem-4349	3	108	enterprises	enterprise	NOUN
fbem-4349	3	109	more	more	ADV
fbem-4349	3	110	objective	objective	ADJ
fbem-4349	3	111	and	and	CCONJ
fbem-4349	3	112	rational	rational	ADJ
fbem-4349	3	113	in	in	ADP
fbem-4349	3	114	future	future	ADJ
fbem-4349	3	115	mergers	merger	NOUN
fbem-4349	3	116	and	and	CCONJ
fbem-4349	3	117	acquisitions	acquisition	NOUN
fbem-4349	3	118	and	and	CCONJ
fbem-4349	3	119	minimize	minimize	VERB
fbem-4349	3	120	the	the	DET
fbem-4349	3	121	negative	negative	ADJ
fbem-4349	3	122	impact	impact	NOUN
fbem-4349	3	123	of	of	ADP
fbem-4349	3	124	high	high	ADJ
fbem-4349	3	125	-	-	PUNCT
fbem-4349	3	126	premium	premium	NOUN
fbem-4349	3	127	mergers	merger	NOUN
fbem-4349	3	128	and	and	CCONJ
fbem-4349	3	129	acquisitions	acquisition	NOUN
fbem-4349	3	130	.	.	PUNCT
fbem-4349	4	1	keywords	keyword	NOUN
fbem-4349	4	2	:	:	PUNCT
fbem-4349	4	3	high	high	ADJ
fbem-4349	4	4	premium	premium	NOUN
fbem-4349	4	5	m&a	m&a	PROPN
fbem-4349	4	6	,	,	PUNCT
fbem-4349	4	7	impairment	impairment	NOUN
fbem-4349	4	8	of	of	ADP
fbem-4349	4	9	goodwill	goodwill	NOUN
fbem-4349	4	10	,	,	PUNCT
fbem-4349	4	11	asset	asset	NOUN
fbem-4349	4	12	light	light	NOUN
fbem-4349	4	13	enterprise	enterprise	NOUN
fbem-4349	4	14	.	.	PUNCT
fbem-4349	5	1	1	1	X
fbem-4349	5	2	.	.	X
fbem-4349	5	3	introduction	introduction	NOUN
fbem-4349	5	4	influenced	influence	VERB
fbem-4349	5	5	by	by	ADP
fbem-4349	5	6	a	a	DET
fbem-4349	5	7	variety	variety	NOUN
fbem-4349	5	8	of	of	ADP
fbem-4349	5	9	complex	complex	ADJ
fbem-4349	5	10	macro	macro	ADJ
fbem-4349	5	11	environmental	environmental	ADJ
fbem-4349	5	12	factors	factor	NOUN
fbem-4349	5	13	,	,	PUNCT
fbem-4349	5	14	all	all	DET
fbem-4349	5	15	kinds	kind	NOUN
fbem-4349	5	16	of	of	ADP
fbem-4349	5	17	large	large	ADJ
fbem-4349	5	18	and	and	CCONJ
fbem-4349	5	19	small	small	ADJ
fbem-4349	5	20	enterprises	enterprise	NOUN
fbem-4349	5	21	seek	seek	VERB
fbem-4349	5	22	for	for	ADP
fbem-4349	5	23	future	future	ADJ
fbem-4349	5	24	development	development	NOUN
fbem-4349	5	25	space	space	NOUN
fbem-4349	5	26	through	through	ADP
fbem-4349	5	27	mergers	merger	NOUN
fbem-4349	5	28	and	and	CCONJ
fbem-4349	5	29	acquisitions	acquisition	NOUN
fbem-4349	5	30	to	to	PART
fbem-4349	5	31	improve	improve	VERB
fbem-4349	5	32	their	their	PRON
fbem-4349	5	33	overall	overall	ADJ
fbem-4349	5	34	competitive	competitive	ADJ
fbem-4349	5	35	advantages	advantage	NOUN
fbem-4349	5	36	.	.	PUNCT
fbem-4349	6	1	"	"	PUNCT
fbem-4349	6	2	no	no	DET
fbem-4349	6	3	mergers	merger	NOUN
fbem-4349	6	4	and	and	CCONJ
fbem-4349	6	5	acquisitions	acquisition	NOUN
fbem-4349	6	6	,	,	PUNCT
fbem-4349	6	7	no	no	DET
fbem-4349	6	8	goodwill	goodwill	NOUN
fbem-4349	6	9	"	"	PUNCT
fbem-4349	6	10	,	,	PUNCT
fbem-4349	6	11	goodwill	goodwill	NOUN
fbem-4349	6	12	is	be	AUX
fbem-4349	6	13	a	a	DET
fbem-4349	6	14	potential	potential	ADJ
fbem-4349	6	15	unidentifiable	unidentifiable	ADJ
fbem-4349	6	16	economic	economic	ADJ
fbem-4349	6	17	value	value	NOUN
fbem-4349	6	18	,	,	PUNCT
fbem-4349	6	19	can	can	AUX
fbem-4349	6	20	bring	bring	VERB
fbem-4349	6	21	uncertain	uncertain	ADJ
fbem-4349	6	22	excess	excess	ADJ
fbem-4349	6	23	profits	profit	NOUN
fbem-4349	6	24	for	for	ADP
fbem-4349	6	25	the	the	DET
fbem-4349	6	26	enterprise	enterprise	NOUN
fbem-4349	6	27	in	in	ADP
fbem-4349	6	28	the	the	DET
fbem-4349	6	29	future	future	NOUN
fbem-4349	6	30	for	for	ADP
fbem-4349	6	31	a	a	DET
fbem-4349	6	32	period	period	NOUN
fbem-4349	6	33	of	of	ADP
fbem-4349	6	34	time	time	NOUN
fbem-4349	6	35	.	.	PUNCT
fbem-4349	7	1	mergers	merger	NOUN
fbem-4349	7	2	and	and	CCONJ
fbem-4349	7	3	acquisitions	acquisition	NOUN
fbem-4349	7	4	in	in	ADP
fbem-4349	7	5	china	china	PROPN
fbem-4349	7	6	's	's	PART
fbem-4349	7	7	capital	capital	NOUN
fbem-4349	7	8	market	market	NOUN
fbem-4349	7	9	surge	surge	NOUN
fbem-4349	7	10	,	,	PUNCT
fbem-4349	7	11	resulting	result	VERB
fbem-4349	7	12	in	in	ADP
fbem-4349	7	13	the	the	DET
fbem-4349	7	14	scale	scale	NOUN
fbem-4349	7	15	of	of	ADP
fbem-4349	7	16	goodwill	goodwill	NOUN
fbem-4349	7	17	expand	expand	VERB
fbem-4349	7	18	year	year	NOUN
fbem-4349	7	19	by	by	ADP
fbem-4349	7	20	year	year	NOUN
fbem-4349	7	21	,	,	PUNCT
fbem-4349	7	22	forming	form	VERB
fbem-4349	7	23	a	a	DET
fbem-4349	7	24	huge	huge	ADJ
fbem-4349	7	25	goodwill	goodwill	NOUN
fbem-4349	7	26	bubble	bubble	NOUN
fbem-4349	7	27	.	.	PUNCT
fbem-4349	8	1	behind	behind	ADP
fbem-4349	8	2	the	the	DET
fbem-4349	8	3	merger	merger	NOUN
fbem-4349	8	4	and	and	CCONJ
fbem-4349	8	5	acquisition	acquisition	NOUN
fbem-4349	8	6	with	with	ADP
fbem-4349	8	7	high	high	ADJ
fbem-4349	8	8	premium	premium	NOUN
fbem-4349	8	9	is	be	AUX
fbem-4349	8	10	the	the	DET
fbem-4349	8	11	high	high	ADJ
fbem-4349	8	12	valuation	valuation	NOUN
fbem-4349	8	13	of	of	ADP
fbem-4349	8	14	the	the	DET
fbem-4349	8	15	acquired	acquire	VERB
fbem-4349	8	16	assets	asset	NOUN
fbem-4349	8	17	,	,	PUNCT
fbem-4349	8	18	which	which	PRON
fbem-4349	8	19	is	be	AUX
fbem-4349	8	20	often	often	ADV
fbem-4349	8	21	accompanied	accompany	VERB
fbem-4349	8	22	by	by	ADP
fbem-4349	8	23	high	high	ADJ
fbem-4349	8	24	performance	performance	NOUN
fbem-4349	8	25	commitment	commitment	NOUN
fbem-4349	8	26	.	.	PUNCT
fbem-4349	9	1	when	when	SCONJ
fbem-4349	9	2	the	the	DET
fbem-4349	9	3	operating	operating	NOUN
fbem-4349	9	4	conditions	condition	NOUN
fbem-4349	9	5	of	of	ADP
fbem-4349	9	6	the	the	DET
fbem-4349	9	7	market	market	NOUN
fbem-4349	9	8	change	change	NOUN
fbem-4349	9	9	,	,	PUNCT
fbem-4349	9	10	goodwill	goodwill	NOUN
fbem-4349	9	11	may	may	AUX
fbem-4349	9	12	be	be	AUX
fbem-4349	9	13	impaired	impair	VERB
fbem-4349	9	14	,	,	PUNCT
fbem-4349	9	15	damaging	damage	VERB
fbem-4349	9	16	the	the	DET
fbem-4349	9	17	interests	interest	NOUN
fbem-4349	9	18	of	of	ADP
fbem-4349	9	19	enterprises	enterprise	NOUN
fbem-4349	9	20	and	and	CCONJ
fbem-4349	9	21	causing	cause	VERB
fbem-4349	9	22	huge	huge	ADJ
fbem-4349	9	23	losses	loss	NOUN
fbem-4349	9	24	to	to	ADP
fbem-4349	9	25	investors	investor	NOUN
fbem-4349	9	26	.	.	PUNCT
fbem-4349	10	1	2	2	X
fbem-4349	10	2	.	.	NUM
fbem-4349	10	3	reasons	reason	NOUN
fbem-4349	10	4	for	for	ADP
fbem-4349	10	5	the	the	DET
fbem-4349	10	6	formation	formation	NOUN
fbem-4349	10	7	of	of	ADP
fbem-4349	10	8	huge	huge	ADJ
fbem-4349	10	9	goodwill	goodwill	NOUN
fbem-4349	10	10	under	under	ADP
fbem-4349	10	11	high	high	ADJ
fbem-4349	10	12	premium	premium	NOUN
fbem-4349	10	13	merger	merger	NOUN
fbem-4349	10	14	and	and	CCONJ
fbem-4349	10	15	acquisition	acquisition	NOUN
fbem-4349	10	16	2.1	2.1	NUM
fbem-4349	10	17	.	.	PUNCT
fbem-4349	11	1	asset	asset	NOUN
fbem-4349	11	2	recognition	recognition	NOUN
fbem-4349	11	3	of	of	ADP
fbem-4349	11	4	asset	asset	NOUN
fbem-4349	11	5	-	-	PUNCT
fbem-4349	11	6	light	light	NOUN
fbem-4349	11	7	enterprises	enterprise	NOUN
fbem-4349	11	8	.	.	PUNCT
fbem-4349	12	1	driven	drive	VERB
fbem-4349	12	2	by	by	ADP
fbem-4349	12	3	knowledge	knowledge	NOUN
fbem-4349	12	4	and	and	CCONJ
fbem-4349	12	5	science	science	NOUN
fbem-4349	12	6	and	and	CCONJ
fbem-4349	12	7	technology	technology	NOUN
fbem-4349	12	8	,	,	PUNCT
fbem-4349	12	9	the	the	DET
fbem-4349	12	10	original	original	ADJ
fbem-4349	12	11	resource	resource	NOUN
fbem-4349	12	12	structure	structure	NOUN
fbem-4349	12	13	of	of	ADP
fbem-4349	12	14	enterprises	enterprise	NOUN
fbem-4349	12	15	has	have	AUX
fbem-4349	12	16	been	be	AUX
fbem-4349	12	17	transformed	transform	VERB
fbem-4349	12	18	.	.	PUNCT
fbem-4349	13	1	asset	asset	NOUN
fbem-4349	13	2	-	-	PUNCT
fbem-4349	13	3	light	light	NOUN
fbem-4349	13	4	enterprises	enterprise	NOUN
fbem-4349	13	5	gain	gain	VERB
fbem-4349	13	6	profits	profit	NOUN
fbem-4349	13	7	through	through	ADP
fbem-4349	13	8	intangible	intangible	ADJ
fbem-4349	13	9	resources	resource	NOUN
fbem-4349	13	10	such	such	ADJ
fbem-4349	13	11	as	as	ADP
fbem-4349	13	12	patented	patented	ADJ
fbem-4349	13	13	technology	technology	NOUN
fbem-4349	13	14	,	,	PUNCT
fbem-4349	13	15	human	human	ADJ
fbem-4349	13	16	resources	resource	NOUN
fbem-4349	13	17	,	,	PUNCT
fbem-4349	13	18	sales	sale	NOUN
fbem-4349	13	19	methods	method	NOUN
fbem-4349	13	20	and	and	CCONJ
fbem-4349	13	21	brand	brand	NOUN
fbem-4349	13	22	image	image	NOUN
fbem-4349	13	23	,	,	PUNCT
fbem-4349	13	24	and	and	CCONJ
fbem-4349	13	25	enhance	enhance	VERB
fbem-4349	13	26	their	their	PRON
fbem-4349	13	27	core	core	NOUN
fbem-4349	13	28	competitiveness	competitiveness	NOUN
fbem-4349	13	29	.	.	PUNCT
fbem-4349	14	1	however	however	ADV
fbem-4349	14	2	,	,	PUNCT
fbem-4349	14	3	as	as	SCONJ
fbem-4349	14	4	appraisal	appraisal	NOUN
fbem-4349	14	5	agencies	agency	NOUN
fbem-4349	14	6	can	can	AUX
fbem-4349	14	7	not	not	PART
fbem-4349	14	8	measure	measure	VERB
fbem-4349	14	9	the	the	DET
fbem-4349	14	10	value	value	NOUN
fbem-4349	14	11	of	of	ADP
fbem-4349	14	12	a	a	DET
fbem-4349	14	13	company	company	NOUN
fbem-4349	14	14	with	with	ADP
fbem-4349	14	15	tangible	tangible	ADJ
fbem-4349	14	16	assets	asset	NOUN
fbem-4349	14	17	as	as	ADP
fbem-4349	14	18	in	in	ADP
fbem-4349	14	19	traditional	traditional	ADJ
fbem-4349	14	20	industries	industry	NOUN
fbem-4349	14	21	,	,	PUNCT
fbem-4349	14	22	the	the	DET
fbem-4349	14	23	book	book	NOUN
fbem-4349	14	24	value	value	NOUN
fbem-4349	14	25	of	of	ADP
fbem-4349	14	26	enterprise	enterprise	NOUN
fbem-4349	14	27	assets	asset	NOUN
fbem-4349	14	28	can	can	AUX
fbem-4349	14	29	not	not	PART
fbem-4349	14	30	represent	represent	VERB
fbem-4349	14	31	the	the	DET
fbem-4349	14	32	real	real	ADJ
fbem-4349	14	33	value	value	NOUN
fbem-4349	14	34	of	of	ADP
fbem-4349	14	35	the	the	DET
fbem-4349	14	36	enterprise	enterprise	NOUN
fbem-4349	14	37	.	.	PUNCT
fbem-4349	15	1	because	because	SCONJ
fbem-4349	15	2	of	of	ADP
fbem-4349	15	3	the	the	DET
fbem-4349	15	4	intangibility	intangibility	NOUN
fbem-4349	15	5	of	of	ADP
fbem-4349	15	6	competitive	competitive	ADJ
fbem-4349	15	7	resources	resource	NOUN
fbem-4349	15	8	,	,	PUNCT
fbem-4349	15	9	there	there	PRON
fbem-4349	15	10	is	be	VERB
fbem-4349	15	11	a	a	DET
fbem-4349	15	12	certain	certain	ADJ
fbem-4349	15	13	difference	difference	NOUN
fbem-4349	15	14	between	between	ADP
fbem-4349	15	15	the	the	DET
fbem-4349	15	16	overall	overall	ADJ
fbem-4349	15	17	valuation	valuation	NOUN
fbem-4349	15	18	and	and	CCONJ
fbem-4349	15	19	the	the	DET
fbem-4349	15	20	real	real	ADJ
fbem-4349	15	21	value	value	NOUN
fbem-4349	15	22	of	of	ADP
fbem-4349	15	23	asset	asset	NOUN
fbem-4349	15	24	-	-	PUNCT
fbem-4349	15	25	light	light	NOUN
fbem-4349	15	26	enterprises	enterprise	NOUN
fbem-4349	15	27	,	,	PUNCT
fbem-4349	15	28	which	which	PRON
fbem-4349	15	29	eventually	eventually	ADV
fbem-4349	15	30	leads	lead	VERB
fbem-4349	15	31	to	to	ADP
fbem-4349	15	32	high	high	ADJ
fbem-4349	15	33	premium	premium	NOUN
fbem-4349	15	34	and	and	CCONJ
fbem-4349	15	35	high	high	ADJ
fbem-4349	15	36	goodwill	goodwill	NOUN
fbem-4349	15	37	.	.	PUNCT
fbem-4349	16	1	2.2	2.2	NUM
fbem-4349	16	2	.	.	PUNCT
fbem-4349	17	1	high	high	ADJ
fbem-4349	17	2	performance	performance	NOUN
fbem-4349	17	3	commitment	commitment	NOUN
fbem-4349	17	4	pushes	push	VERB
fbem-4349	17	5	up	up	ADP
fbem-4349	17	6	the	the	DET
fbem-4349	17	7	merger	merger	NOUN
fbem-4349	17	8	premium	premium	NOUN
fbem-4349	17	9	and	and	CCONJ
fbem-4349	17	10	forms	form	VERB
fbem-4349	17	11	huge	huge	ADJ
fbem-4349	17	12	goodwill	goodwill	NOUN
fbem-4349	17	13	.	.	PUNCT
fbem-4349	18	1	in	in	ADP
fbem-4349	18	2	view	view	NOUN
fbem-4349	18	3	of	of	ADP
fbem-4349	18	4	the	the	DET
fbem-4349	18	5	reasons	reason	NOUN
fbem-4349	18	6	for	for	ADP
fbem-4349	18	7	the	the	DET
fbem-4349	18	8	failure	failure	NOUN
fbem-4349	18	9	of	of	ADP
fbem-4349	18	10	m&a	m&a	PROPN
fbem-4349	18	11	in	in	ADP
fbem-4349	18	12	the	the	DET
fbem-4349	18	13	past	past	NOUN
fbem-4349	18	14	,	,	PUNCT
fbem-4349	18	15	the	the	DET
fbem-4349	18	16	acquirer	acquirer	NOUN
fbem-4349	18	17	usually	usually	ADV
fbem-4349	18	18	requires	require	VERB
fbem-4349	18	19	the	the	DET
fbem-4349	18	20	acquiree	acquiree	NOUN
fbem-4349	18	21	to	to	PART
fbem-4349	18	22	make	make	VERB
fbem-4349	18	23	performance	performance	NOUN
fbem-4349	18	24	commitment	commitment	NOUN
fbem-4349	18	25	,	,	PUNCT
fbem-4349	18	26	which	which	PRON
fbem-4349	18	27	has	have	AUX
fbem-4349	18	28	gradually	gradually	ADV
fbem-4349	18	29	become	become	VERB
fbem-4349	18	30	an	an	DET
fbem-4349	18	31	indispensable	indispensable	ADJ
fbem-4349	18	32	part	part	NOUN
fbem-4349	18	33	of	of	ADP
fbem-4349	18	34	the	the	DET
fbem-4349	18	35	m&a	m&a	PROPN
fbem-4349	18	36	process	process	NOUN
fbem-4349	18	37	.	.	PUNCT
fbem-4349	19	1	performance	performance	NOUN
fbem-4349	19	2	commitment	commitment	NOUN
fbem-4349	19	3	was	be	AUX
fbem-4349	19	4	originally	originally	ADV
fbem-4349	19	5	set	set	VERB
fbem-4349	19	6	up	up	ADP
fbem-4349	19	7	to	to	PART
fbem-4349	19	8	protect	protect	VERB
fbem-4349	19	9	the	the	DET
fbem-4349	19	10	acquirer	acquirer	NOUN
fbem-4349	19	11	,	,	PUNCT
fbem-4349	19	12	which	which	PRON
fbem-4349	19	13	can	can	AUX
fbem-4349	19	14	reduce	reduce	VERB
fbem-4349	19	15	the	the	DET
fbem-4349	19	16	potential	potential	ADJ
fbem-4349	19	17	moral	moral	ADJ
fbem-4349	19	18	hazard	hazard	NOUN
fbem-4349	19	19	in	in	ADP
fbem-4349	19	20	m&a	m&a	PROPN
fbem-4349	19	21	to	to	ADP
fbem-4349	19	22	a	a	DET
fbem-4349	19	23	certain	certain	ADJ
fbem-4349	19	24	extent	extent	NOUN
fbem-4349	19	25	.	.	PUNCT
fbem-4349	20	1	however	however	ADV
fbem-4349	20	2	,	,	PUNCT
fbem-4349	20	3	with	with	ADP
fbem-4349	20	4	the	the	DET
fbem-4349	20	5	development	development	NOUN
fbem-4349	20	6	of	of	ADP
fbem-4349	20	7	m&a	m&a	PROPN
fbem-4349	20	8	market	market	NOUN
fbem-4349	20	9	,	,	PUNCT
fbem-4349	20	10	the	the	DET
fbem-4349	20	11	signed	sign	VERB
fbem-4349	20	12	performance	performance	NOUN
fbem-4349	20	13	commitment	commitment	NOUN
fbem-4349	20	14	not	not	PART
fbem-4349	20	15	only	only	ADV
fbem-4349	20	16	violates	violate	VERB
fbem-4349	20	17	the	the	DET
fbem-4349	20	18	original	original	ADJ
fbem-4349	20	19	intention	intention	NOUN
fbem-4349	20	20	,	,	PUNCT
fbem-4349	20	21	but	but	CCONJ
fbem-4349	20	22	also	also	ADV
fbem-4349	20	23	creates	create	VERB
fbem-4349	20	24	huge	huge	ADJ
fbem-4349	20	25	goodwill	goodwill	NOUN
fbem-4349	20	26	.	.	PUNCT
fbem-4349	21	1	the	the	DET
fbem-4349	21	2	acquired	acquire	VERB
fbem-4349	21	3	party	party	NOUN
fbem-4349	21	4	intentionally	intentionally	ADV
fbem-4349	21	5	increases	increase	VERB
fbem-4349	21	6	the	the	DET
fbem-4349	21	7	promised	promise	VERB
fbem-4349	21	8	performance	performance	NOUN
fbem-4349	21	9	to	to	PART
fbem-4349	21	10	achieve	achieve	VERB
fbem-4349	21	11	the	the	DET
fbem-4349	21	12	purpose	purpose	NOUN
fbem-4349	21	13	of	of	ADP
fbem-4349	21	14	raising	raise	VERB
fbem-4349	21	15	the	the	DET
fbem-4349	21	16	enterprise	enterprise	NOUN
fbem-4349	21	17	valuation	valuation	NOUN
fbem-4349	21	18	,	,	PUNCT
fbem-4349	21	19	and	and	CCONJ
fbem-4349	21	20	takes	take	VERB
fbem-4349	21	21	high	high	ADJ
fbem-4349	21	22	performance	performance	NOUN
fbem-4349	21	23	promise	promise	NOUN
fbem-4349	21	24	as	as	ADP
fbem-4349	21	25	a	a	DET
fbem-4349	21	26	signal	signal	NOUN
fbem-4349	21	27	of	of	ADP
fbem-4349	21	28	good	good	ADJ
fbem-4349	21	29	business	business	NOUN
fbem-4349	21	30	performance	performance	NOUN
fbem-4349	21	31	and	and	CCONJ
fbem-4349	21	32	a	a	DET
fbem-4349	21	33	means	means	NOUN
fbem-4349	21	34	to	to	PART
fbem-4349	21	35	attract	attract	VERB
fbem-4349	21	36	the	the	DET
fbem-4349	21	37	acquirer	acquirer	NOUN
fbem-4349	21	38	.	.	PUNCT
fbem-4349	22	1	the	the	DET
fbem-4349	22	2	high	high	ADJ
fbem-4349	22	3	premium	premium	NOUN
fbem-4349	22	4	is	be	AUX
fbem-4349	22	5	exchanged	exchange	VERB
fbem-4349	22	6	by	by	ADP
fbem-4349	22	7	high	high	ADJ
fbem-4349	22	8	performance	performance	NOUN
fbem-4349	22	9	promise	promise	NOUN
fbem-4349	22	10	,	,	PUNCT
fbem-4349	22	11	resulting	result	VERB
fbem-4349	22	12	in	in	ADP
fbem-4349	22	13	huge	huge	ADJ
fbem-4349	22	14	goodwill	goodwill	NOUN
fbem-4349	22	15	.	.	PUNCT
fbem-4349	23	1	unrealistic	unrealistic	ADJ
fbem-4349	23	2	high	high	ADJ
fbem-4349	23	3	performance	performance	NOUN
fbem-4349	23	4	promise	promise	NOUN
fbem-4349	23	5	leads	lead	VERB
fbem-4349	23	6	to	to	ADP
fbem-4349	23	7	goodwill	goodwill	NOUN
fbem-4349	23	8	impairment	impairment	NOUN
fbem-4349	23	9	due	due	ADP
fbem-4349	23	10	to	to	ADP
fbem-4349	23	11	low	low	ADJ
fbem-4349	23	12	completion	completion	NOUN
fbem-4349	23	13	rate	rate	NOUN
fbem-4349	23	14	,	,	PUNCT
fbem-4349	23	15	thus	thus	ADV
fbem-4349	23	16	affecting	affect	VERB
fbem-4349	23	17	profits	profit	NOUN
fbem-4349	23	18	.	.	PUNCT
fbem-4349	24	1	2.3	2.3	NUM
fbem-4349	24	2	.	.	PUNCT
fbem-4349	24	3	value	value	NOUN
fbem-4349	24	4	assessment	assessment	NOUN
fbem-4349	24	5	choice	choice	NOUN
fbem-4349	24	6	income	income	NOUN
fbem-4349	24	7	method	method	NOUN
fbem-4349	24	8	.	.	PUNCT
fbem-4349	25	1	when	when	SCONJ
fbem-4349	25	2	choosing	choose	VERB
fbem-4349	25	3	the	the	DET
fbem-4349	25	4	income	income	NOUN
fbem-4349	25	5	method	method	NOUN
fbem-4349	25	6	as	as	ADP
fbem-4349	25	7	the	the	DET
fbem-4349	25	8	valuation	valuation	NOUN
fbem-4349	25	9	method	method	NOUN
fbem-4349	25	10	of	of	ADP
fbem-4349	25	11	m&a	m&a	PROPN
fbem-4349	25	12	,	,	PUNCT
fbem-4349	25	13	its	its	PRON
fbem-4349	25	14	applicable	applicable	ADJ
fbem-4349	25	15	basis	basis	NOUN
fbem-4349	25	16	is	be	AUX
fbem-4349	25	17	:	:	PUNCT
fbem-4349	25	18	the	the	DET
fbem-4349	25	19	company	company	NOUN
fbem-4349	25	20	can	can	AUX
fbem-4349	25	21	develop	develop	VERB
fbem-4349	25	22	steadily	steadily	ADV
fbem-4349	25	23	,	,	PUNCT
fbem-4349	25	24	the	the	DET
fbem-4349	25	25	capital	capital	NOUN
fbem-4349	25	26	is	be	AUX
fbem-4349	25	27	proportional	proportional	ADJ
fbem-4349	25	28	to	to	ADP
fbem-4349	25	29	the	the	DET
fbem-4349	25	30	profit	profit	NOUN
fbem-4349	25	31	,	,	PUNCT
fbem-4349	25	32	the	the	DET
fbem-4349	25	33	future	future	ADJ
fbem-4349	25	34	income	income	NOUN
fbem-4349	25	35	and	and	CCONJ
fbem-4349	25	36	risk	risk	NOUN
fbem-4349	25	37	of	of	ADP
fbem-4349	25	38	the	the	DET
fbem-4349	25	39	enterprise	enterprise	NOUN
fbem-4349	25	40	can	can	AUX
fbem-4349	25	41	be	be	AUX
fbem-4349	25	42	predicted	predict	VERB
fbem-4349	25	43	and	and	CCONJ
fbem-4349	25	44	can	can	AUX
fbem-4349	25	45	be	be	AUX
fbem-4349	25	46	accurately	accurately	ADV
fbem-4349	25	47	measured	measure	VERB
fbem-4349	25	48	.	.	PUNCT
fbem-4349	26	1	income	income	NOUN
fbem-4349	26	2	method	method	NOUN
fbem-4349	26	3	is	be	AUX
fbem-4349	26	4	based	base	VERB
fbem-4349	26	5	on	on	ADP
fbem-4349	26	6	a	a	DET
fbem-4349	26	7	large	large	ADJ
fbem-4349	26	8	number	number	NOUN
fbem-4349	26	9	of	of	ADP
fbem-4349	26	10	assumptions	assumption	NOUN
fbem-4349	26	11	in	in	ADP
fbem-4349	26	12	the	the	DET
fbem-4349	26	13	evaluation	evaluation	NOUN
fbem-4349	26	14	,	,	PUNCT
fbem-4349	26	15	such	such	ADJ
fbem-4349	26	16	as	as	ADP
fbem-4349	26	17	the	the	DET
fbem-4349	26	18	support	support	NOUN
fbem-4349	26	19	and	and	CCONJ
fbem-4349	26	20	guidance	guidance	NOUN
fbem-4349	26	21	of	of	ADP
fbem-4349	26	22	relevant	relevant	ADJ
fbem-4349	26	23	national	national	ADJ
fbem-4349	26	24	economic	economic	ADJ
fbem-4349	26	25	policies	policy	NOUN
fbem-4349	26	26	,	,	PUNCT
fbem-4349	26	27	stable	stable	ADJ
fbem-4349	26	28	transaction	transaction	NOUN
fbem-4349	26	29	environment	environment	NOUN
fbem-4349	26	30	,	,	PUNCT
fbem-4349	26	31	no	no	DET
fbem-4349	26	32	significant	significant	ADJ
fbem-4349	26	33	changes	change	NOUN
fbem-4349	26	34	in	in	ADP
fbem-4349	26	35	industry	industry	NOUN
fbem-4349	26	36	development	development	NOUN
fbem-4349	26	37	,	,	PUNCT
fbem-4349	26	38	the	the	DET
fbem-4349	26	39	acquired	acquire	VERB
fbem-4349	26	40	party	party	NOUN
fbem-4349	26	41	can	can	AUX
fbem-4349	26	42	maintain	maintain	VERB
fbem-4349	26	43	the	the	DET
fbem-4349	26	44	current	current	ADJ
fbem-4349	26	45	market	market	NOUN
fbem-4349	26	46	competitiveness	competitiveness	NOUN
fbem-4349	26	47	,	,	PUNCT
fbem-4349	26	48	etc	etc	X
fbem-4349	26	49	.	.	X
fbem-4349	26	50	evaluation	evaluation	NOUN
fbem-4349	26	51	institutions	institution	NOUN
fbem-4349	26	52	often	often	ADV
fbem-4349	26	53	make	make	VERB
fbem-4349	26	54	optimistic	optimistic	ADJ
fbem-4349	26	55	predictions	prediction	NOUN
fbem-4349	26	56	on	on	ADP
fbem-4349	26	57	the	the	DET
fbem-4349	26	58	development	development	NOUN
fbem-4349	26	59	prospects	prospect	NOUN
fbem-4349	26	60	and	and	CCONJ
fbem-4349	26	61	future	future	ADJ
fbem-4349	26	62	revenue	revenue	NOUN
fbem-4349	26	63	of	of	ADP
fbem-4349	26	64	the	the	DET
fbem-4349	26	65	acquired	acquire	VERB
fbem-4349	26	66	party	party	NOUN
fbem-4349	26	67	,	,	PUNCT
fbem-4349	26	68	ignoring	ignore	VERB
fbem-4349	26	69	risks	risk	NOUN
fbem-4349	26	70	such	such	ADJ
fbem-4349	26	71	as	as	ADP
fbem-4349	26	72	market	market	NOUN
fbem-4349	26	73	saturation	saturation	NOUN
fbem-4349	26	74	and	and	CCONJ
fbem-4349	26	75	product	product	NOUN
fbem-4349	26	76	life	life	NOUN
fbem-4349	26	77	cycle	cycle	NOUN
fbem-4349	26	78	.	.	PUNCT
fbem-4349	27	1	it	it	PRON
fbem-4349	27	2	is	be	AUX
fbem-4349	27	3	unreasonable	unreasonable	ADJ
fbem-4349	27	4	to	to	PART
fbem-4349	27	5	predict	predict	VERB
fbem-4349	27	6	the	the	DET
fbem-4349	27	7	good	good	ADJ
fbem-4349	27	8	development	development	NOUN
fbem-4349	27	9	earnings	earning	NOUN
fbem-4349	27	10	of	of	ADP
fbem-4349	27	11	the	the	DET
fbem-4349	27	12	company	company	NOUN
fbem-4349	27	13	based	base	VERB
fbem-4349	27	14	on	on	ADP
fbem-4349	27	15	the	the	DET
fbem-4349	27	16	historical	historical	ADJ
fbem-4349	27	17	earnings	earning	NOUN
fbem-4349	27	18	information	information	NOUN
fbem-4349	27	19	.	.	PUNCT
fbem-4349	28	1	due	due	ADP
fbem-4349	28	2	to	to	ADP
fbem-4349	28	3	the	the	DET
fbem-4349	28	4	high	high	ADJ
fbem-4349	28	5	unpredictability	unpredictability	NOUN
fbem-4349	28	6	of	of	ADP
fbem-4349	28	7	the	the	DET
fbem-4349	28	8	forecast	forecast	NOUN
fbem-4349	28	9	,	,	PUNCT
fbem-4349	28	10	the	the	DET
fbem-4349	28	11	enterprise	enterprise	NOUN
fbem-4349	28	12	value	value	NOUN
fbem-4349	28	13	may	may	AUX
fbem-4349	28	14	be	be	AUX
fbem-4349	28	15	overestimated	overestimate	VERB
fbem-4349	28	16	,	,	PUNCT
fbem-4349	28	17	resulting	result	VERB
fbem-4349	28	18	in	in	ADP
fbem-4349	28	19	the	the	DET
fbem-4349	28	20	formation	formation	NOUN
fbem-4349	28	21	of	of	ADP
fbem-4349	28	22	high	high	ADJ
fbem-4349	28	23	premium	premium	NOUN
fbem-4349	28	24	and	and	CCONJ
fbem-4349	28	25	huge	huge	ADJ
fbem-4349	28	26	goodwill	goodwill	NOUN
fbem-4349	28	27	.	.	PUNCT
fbem-4349	29	1	if	if	SCONJ
fbem-4349	29	2	the	the	DET
fbem-4349	29	3	assumptions	assumption	NOUN
fbem-4349	29	4	based	base	VERB
fbem-4349	29	5	on	on	ADP
fbem-4349	29	6	the	the	DET
fbem-4349	29	7	evaluation	evaluation	NOUN
fbem-4349	29	8	change	change	NOUN
fbem-4349	29	9	,	,	PUNCT
fbem-4349	29	10	or	or	CCONJ
fbem-4349	29	11	the	the	DET
fbem-4349	29	12	business	business	NOUN
fbem-4349	29	13	conditions	condition	NOUN
fbem-4349	29	14	of	of	ADP
fbem-4349	29	15	the	the	DET
fbem-4349	29	16	enterprise	enterprise	NOUN
fbem-4349	29	17	start	start	VERB
fbem-4349	29	18	to	to	PART
fbem-4349	29	19	deteriorate	deteriorate	VERB
fbem-4349	29	20	and	and	CCONJ
fbem-4349	29	21	can	can	AUX
fbem-4349	29	22	not	not	PART
fbem-4349	29	23	achieve	achieve	VERB
fbem-4349	29	24	the	the	DET
fbem-4349	29	25	expected	expect	VERB
fbem-4349	29	26	performance	performance	NOUN
fbem-4349	29	27	,	,	PUNCT
fbem-4349	29	28	then	then	ADV
fbem-4349	29	29	the	the	DET
fbem-4349	29	30	huge	huge	ADJ
fbem-4349	29	31	goodwill	goodwill	NOUN
fbem-4349	29	32	brought	bring	VERB
fbem-4349	29	33	by	by	ADP
fbem-4349	29	34	the	the	DET
fbem-4349	29	35	high	high	ADJ
fbem-4349	29	36	premium	premium	NOUN
fbem-4349	29	37	will	will	AUX
fbem-4349	29	38	be	be	AUX
fbem-4349	29	39	subject	subject	ADJ
fbem-4349	29	40	to	to	ADP
fbem-4349	29	41	impairment	impairment	ADJ
fbem-4349	29	42	insurance	insurance	NOUN
fbem-4349	29	43	.	.	PUNCT
fbem-4349	30	1	7	7	NUM
fbem-4349	30	2	3	3	NUM
fbem-4349	30	3	.	.	PUNCT
fbem-4349	30	4	analysis	analysis	NOUN
fbem-4349	30	5	of	of	ADP
fbem-4349	30	6	influencing	influence	VERB
fbem-4349	30	7	factors	factor	NOUN
fbem-4349	30	8	of	of	ADP
fbem-4349	30	9	high	high	ADJ
fbem-4349	30	10	premium	premium	NOUN
fbem-4349	30	11	on	on	ADP
fbem-4349	30	12	huge	huge	ADJ
fbem-4349	30	13	goodwill	goodwill	NOUN
fbem-4349	30	14	impairment	impairment	NOUN
fbem-4349	30	15	3.1	3.1	NUM
fbem-4349	30	16	.	.	PUNCT
fbem-4349	31	1	guidance	guidance	NOUN
fbem-4349	31	2	of	of	ADP
fbem-4349	31	3	national	national	ADJ
fbem-4349	31	4	policies	policy	NOUN
fbem-4349	31	5	.	.	PUNCT
fbem-4349	32	1	china	china	PROPN
fbem-4349	32	2	securities	securities	PROPN
fbem-4349	32	3	regulatory	regulatory	PROPN
fbem-4349	32	4	commission	commission	PROPN
fbem-4349	32	5	revised	revise	VERB
fbem-4349	32	6	relevant	relevant	ADJ
fbem-4349	32	7	m&a	m&a	PROPN
fbem-4349	32	8	policies	policy	NOUN
fbem-4349	32	9	in	in	ADP
fbem-4349	32	10	order	order	NOUN
fbem-4349	32	11	to	to	PART
fbem-4349	32	12	inventory	inventory	VERB
fbem-4349	32	13	the	the	DET
fbem-4349	32	14	surplus	surplus	ADJ
fbem-4349	32	15	assets	asset	NOUN
fbem-4349	32	16	in	in	ADP
fbem-4349	32	17	the	the	DET
fbem-4349	32	18	market	market	NOUN
fbem-4349	32	19	,	,	PUNCT
fbem-4349	32	20	stimulate	stimulate	VERB
fbem-4349	32	21	the	the	DET
fbem-4349	32	22	development	development	NOUN
fbem-4349	32	23	of	of	ADP
fbem-4349	32	24	enterprises	enterprise	NOUN
fbem-4349	32	25	,	,	PUNCT
fbem-4349	32	26	and	and	CCONJ
fbem-4349	32	27	promote	promote	VERB
fbem-4349	32	28	the	the	DET
fbem-4349	32	29	continuous	continuous	ADJ
fbem-4349	32	30	occurrence	occurrence	NOUN
fbem-4349	32	31	of	of	ADP
fbem-4349	32	32	m&a	m&a	PROPN
fbem-4349	32	33	and	and	CCONJ
fbem-4349	32	34	restructuring	restructuring	NOUN
fbem-4349	32	35	activities	activity	NOUN
fbem-4349	32	36	.	.	PUNCT
fbem-4349	33	1	influenced	influence	VERB
fbem-4349	33	2	by	by	ADP
fbem-4349	33	3	the	the	DET
fbem-4349	33	4	"	"	PUNCT
fbem-4349	33	5	going	go	VERB
fbem-4349	33	6	out	out	ADP
fbem-4349	33	7	"	"	PUNCT
fbem-4349	33	8	policy	policy	NOUN
fbem-4349	33	9	of	of	ADP
fbem-4349	33	10	the	the	DET
fbem-4349	33	11	state	state	NOUN
fbem-4349	33	12	,	,	PUNCT
fbem-4349	33	13	m&a	m&a	PROPN
fbem-4349	33	14	and	and	CCONJ
fbem-4349	33	15	restructuring	restructuring	NOUN
fbem-4349	33	16	activities	activity	NOUN
fbem-4349	33	17	have	have	AUX
fbem-4349	33	18	become	become	VERB
fbem-4349	33	19	increasingly	increasingly	ADV
fbem-4349	33	20	fierce	fierce	ADJ
fbem-4349	33	21	in	in	ADP
fbem-4349	33	22	overseas	overseas	ADV
fbem-4349	33	23	markets.with	markets.with	ADP
fbem-4349	33	24	the	the	DET
fbem-4349	33	25	gradual	gradual	ADJ
fbem-4349	33	26	relaxation	relaxation	NOUN
fbem-4349	33	27	of	of	ADP
fbem-4349	33	28	the	the	DET
fbem-4349	33	29	criteria	criterion	NOUN
fbem-4349	33	30	for	for	ADP
fbem-4349	33	31	the	the	DET
fbem-4349	33	32	recognition	recognition	NOUN
fbem-4349	33	33	of	of	ADP
fbem-4349	33	34	m&a	m&a	PROPN
fbem-4349	33	35	,	,	PUNCT
fbem-4349	33	36	china	china	PROPN
fbem-4349	33	37	's	's	PART
fbem-4349	33	38	m&a	m&a	PROPN
fbem-4349	33	39	market	market	NOUN
fbem-4349	33	40	continues	continue	VERB
fbem-4349	33	41	to	to	PART
fbem-4349	33	42	develop	develop	VERB
fbem-4349	33	43	under	under	ADP
fbem-4349	33	44	the	the	DET
fbem-4349	33	45	influence	influence	NOUN
fbem-4349	33	46	of	of	ADP
fbem-4349	33	47	national	national	ADJ
fbem-4349	33	48	policies	policy	NOUN
fbem-4349	33	49	,	,	PUNCT
fbem-4349	33	50	and	and	CCONJ
fbem-4349	33	51	a	a	DET
fbem-4349	33	52	huge	huge	ADJ
fbem-4349	33	53	amount	amount	NOUN
fbem-4349	33	54	of	of	ADP
fbem-4349	33	55	goodwill	goodwill	NOUN
fbem-4349	33	56	continues	continue	VERB
fbem-4349	33	57	to	to	PART
fbem-4349	33	58	accumulate	accumulate	VERB
fbem-4349	33	59	.	.	PUNCT
fbem-4349	34	1	changes	change	NOUN
fbem-4349	34	2	in	in	ADP
fbem-4349	34	3	specific	specific	ADJ
fbem-4349	34	4	requirements	requirement	NOUN
fbem-4349	34	5	and	and	CCONJ
fbem-4349	34	6	standards	standard	NOUN
fbem-4349	34	7	of	of	ADP
fbem-4349	34	8	goodwill	goodwill	NOUN
fbem-4349	34	9	impairment	impairment	NOUN
fbem-4349	34	10	will	will	AUX
fbem-4349	34	11	also	also	ADV
fbem-4349	34	12	cause	cause	VERB
fbem-4349	34	13	goodwill	goodwill	NOUN
fbem-4349	34	14	impairment	impairment	NOUN
fbem-4349	34	15	.	.	PUNCT
fbem-4349	35	1	the	the	DET
fbem-4349	35	2	csrc	csrc	NOUN
fbem-4349	35	3	has	have	AUX
fbem-4349	35	4	put	put	VERB
fbem-4349	35	5	forward	forward	ADV
fbem-4349	35	6	more	more	ADJ
fbem-4349	35	7	requirements	requirement	NOUN
fbem-4349	35	8	to	to	PART
fbem-4349	35	9	make	make	VERB
fbem-4349	35	10	the	the	DET
fbem-4349	35	11	impairment	impairment	NOUN
fbem-4349	35	12	of	of	ADP
fbem-4349	35	13	corporate	corporate	ADJ
fbem-4349	35	14	goodwill	goodwill	NOUN
fbem-4349	35	15	more	more	ADV
fbem-4349	35	16	detailed	detailed	ADJ
fbem-4349	35	17	and	and	CCONJ
fbem-4349	35	18	specific	specific	ADJ
fbem-4349	35	19	.	.	PUNCT
fbem-4349	36	1	through	through	ADP
fbem-4349	36	2	goodwill	goodwill	NOUN
fbem-4349	36	3	impairment	impairment	NOUN
fbem-4349	36	4	,	,	PUNCT
fbem-4349	36	5	enterprises	enterprise	NOUN
fbem-4349	36	6	can	can	AUX
fbem-4349	36	7	conveniently	conveniently	ADV
fbem-4349	36	8	operate	operate	VERB
fbem-4349	36	9	their	their	PRON
fbem-4349	36	10	own	own	ADJ
fbem-4349	36	11	performance.the	performance.the	DET
fbem-4349	36	12	interval	interval	NOUN
fbem-4349	36	13	is	be	AUX
fbem-4349	36	14	compressed	compress	VERB
fbem-4349	36	15	.	.	PUNCT
fbem-4349	37	1	in	in	ADP
fbem-4349	37	2	addition	addition	NOUN
fbem-4349	37	3	,	,	PUNCT
fbem-4349	37	4	more	more	ADJ
fbem-4349	37	5	than	than	ADP
fbem-4349	37	6	half	half	NOUN
fbem-4349	37	7	of	of	ADP
fbem-4349	37	8	the	the	DET
fbem-4349	37	9	members	member	NOUN
fbem-4349	37	10	of	of	ADP
fbem-4349	37	11	the	the	DET
fbem-4349	37	12	accounting	accounting	NOUN
fbem-4349	37	13	standards	standard	NOUN
fbem-4349	37	14	committee	committee	NOUN
fbem-4349	37	15	agree	agree	VERB
fbem-4349	37	16	with	with	ADP
fbem-4349	37	17	the	the	DET
fbem-4349	37	18	amortization	amortization	NOUN
fbem-4349	37	19	of	of	ADP
fbem-4349	37	20	goodwill	goodwill	NOUN
fbem-4349	37	21	,	,	PUNCT
fbem-4349	37	22	and	and	CCONJ
fbem-4349	37	23	they	they	PRON
fbem-4349	37	24	all	all	PRON
fbem-4349	37	25	believe	believe	VERB
fbem-4349	37	26	that	that	SCONJ
fbem-4349	37	27	the	the	DET
fbem-4349	37	28	goodwill	goodwill	NOUN
fbem-4349	37	29	under	under	ADP
fbem-4349	37	30	the	the	DET
fbem-4349	37	31	amortization	amortization	NOUN
fbem-4349	37	32	method	method	NOUN
fbem-4349	37	33	can	can	AUX
fbem-4349	37	34	be	be	AUX
fbem-4349	37	35	more	more	ADV
fbem-4349	37	36	timely	timely	ADJ
fbem-4349	37	37	and	and	CCONJ
fbem-4349	37	38	accurate	accurate	ADJ
fbem-4349	37	39	.	.	PUNCT
fbem-4349	38	1	however	however	ADV
fbem-4349	38	2	,	,	PUNCT
fbem-4349	38	3	for	for	ADP
fbem-4349	38	4	enterprises	enterprise	NOUN
fbem-4349	38	5	with	with	ADP
fbem-4349	38	6	excessive	excessive	ADJ
fbem-4349	38	7	amount	amount	NOUN
fbem-4349	38	8	of	of	ADP
fbem-4349	38	9	goodwill	goodwill	NOUN
fbem-4349	38	10	,	,	PUNCT
fbem-4349	38	11	if	if	SCONJ
fbem-4349	38	12	they	they	PRON
fbem-4349	38	13	start	start	VERB
fbem-4349	38	14	amortization	amortization	NOUN
fbem-4349	38	15	,	,	PUNCT
fbem-4349	38	16	it	it	PRON
fbem-4349	38	17	is	be	AUX
fbem-4349	38	18	likely	likely	ADJ
fbem-4349	38	19	that	that	SCONJ
fbem-4349	38	20	the	the	DET
fbem-4349	38	21	amount	amount	NOUN
fbem-4349	38	22	of	of	ADP
fbem-4349	38	23	goodwill	goodwill	NOUN
fbem-4349	38	24	amortization	amortization	NOUN
fbem-4349	38	25	will	will	AUX
fbem-4349	38	26	be	be	AUX
fbem-4349	38	27	greater	great	ADJ
fbem-4349	38	28	than	than	ADP
fbem-4349	38	29	the	the	DET
fbem-4349	38	30	profit	profit	NOUN
fbem-4349	38	31	,	,	PUNCT
fbem-4349	38	32	leading	lead	VERB
fbem-4349	38	33	to	to	ADP
fbem-4349	38	34	the	the	DET
fbem-4349	38	35	decline	decline	NOUN
fbem-4349	38	36	of	of	ADP
fbem-4349	38	37	performance	performance	NOUN
fbem-4349	38	38	and	and	CCONJ
fbem-4349	38	39	even	even	ADV
fbem-4349	38	40	the	the	DET
fbem-4349	38	41	beginning	beginning	NOUN
fbem-4349	38	42	of	of	ADP
fbem-4349	38	43	losses	loss	NOUN
fbem-4349	38	44	.	.	PUNCT
fbem-4349	39	1	therefore	therefore	ADV
fbem-4349	39	2	,	,	PUNCT
fbem-4349	39	3	under	under	ADP
fbem-4349	39	4	the	the	DET
fbem-4349	39	5	influence	influence	NOUN
fbem-4349	39	6	of	of	ADP
fbem-4349	39	7	these	these	DET
fbem-4349	39	8	policies	policy	NOUN
fbem-4349	39	9	,	,	PUNCT
fbem-4349	39	10	enterprises	enterprise	NOUN
fbem-4349	39	11	will	will	AUX
fbem-4349	39	12	first	first	ADV
fbem-4349	39	13	set	set	VERB
fbem-4349	39	14	aside	aside	ADP
fbem-4349	39	15	a	a	DET
fbem-4349	39	16	large	large	ADJ
fbem-4349	39	17	amount	amount	NOUN
fbem-4349	39	18	of	of	ADP
fbem-4349	39	19	goodwill	goodwill	NOUN
fbem-4349	39	20	impairment	impairment	NOUN
fbem-4349	39	21	to	to	PART
fbem-4349	39	22	prevent	prevent	VERB
fbem-4349	39	23	the	the	DET
fbem-4349	39	24	serious	serious	ADJ
fbem-4349	39	25	economic	economic	ADJ
fbem-4349	39	26	consequences	consequence	NOUN
fbem-4349	39	27	of	of	ADP
fbem-4349	39	28	goodwill	goodwill	NOUN
fbem-4349	39	29	amortization	amortization	NOUN
fbem-4349	39	30	.	.	PUNCT
fbem-4349	40	1	3.2	3.2	NUM
fbem-4349	40	2	.	.	PUNCT
fbem-4349	41	1	high	high	ADJ
fbem-4349	41	2	performance	performance	NOUN
fbem-4349	41	3	promises	promise	NOUN
fbem-4349	41	4	fail	fail	VERB
fbem-4349	41	5	to	to	PART
fbem-4349	41	6	meet	meet	VERB
fbem-4349	41	7	expectations	expectation	NOUN
fbem-4349	41	8	.	.	PUNCT
fbem-4349	42	1	in	in	ADP
fbem-4349	42	2	the	the	DET
fbem-4349	42	3	process	process	NOUN
fbem-4349	42	4	of	of	ADP
fbem-4349	42	5	m&a	m&a	PROPN
fbem-4349	42	6	,	,	PUNCT
fbem-4349	42	7	the	the	DET
fbem-4349	42	8	impairment	impairment	NOUN
fbem-4349	42	9	of	of	ADP
fbem-4349	42	10	corporate	corporate	ADJ
fbem-4349	42	11	goodwill	goodwill	NOUN
fbem-4349	42	12	is	be	AUX
fbem-4349	42	13	not	not	PART
fbem-4349	42	14	necessarily	necessarily	ADV
fbem-4349	42	15	related	relate	VERB
fbem-4349	42	16	to	to	ADP
fbem-4349	42	17	the	the	DET
fbem-4349	42	18	performance	performance	NOUN
fbem-4349	42	19	commitment	commitment	NOUN
fbem-4349	42	20	signed	sign	VERB
fbem-4349	42	21	by	by	ADP
fbem-4349	42	22	the	the	DET
fbem-4349	42	23	enterprise	enterprise	NOUN
fbem-4349	42	24	,	,	PUNCT
fbem-4349	42	25	but	but	CCONJ
fbem-4349	42	26	the	the	DET
fbem-4349	42	27	acquirer	acquirer	NOUN
fbem-4349	42	28	will	will	AUX
fbem-4349	42	29	pay	pay	VERB
fbem-4349	42	30	an	an	DET
fbem-4349	42	31	excessive	excessive	ADJ
fbem-4349	42	32	premium	premium	NOUN
fbem-4349	42	33	and	and	CCONJ
fbem-4349	42	34	determine	determine	VERB
fbem-4349	42	35	a	a	DET
fbem-4349	42	36	higher	high	ADJ
fbem-4349	42	37	goodwill	goodwill	NOUN
fbem-4349	42	38	because	because	SCONJ
fbem-4349	42	39	of	of	ADP
fbem-4349	42	40	the	the	DET
fbem-4349	42	41	existence	existence	NOUN
fbem-4349	42	42	of	of	ADP
fbem-4349	42	43	the	the	DET
fbem-4349	42	44	performance	performance	NOUN
fbem-4349	42	45	commitment	commitment	NOUN
fbem-4349	42	46	.	.	PUNCT
fbem-4349	43	1	the	the	DET
fbem-4349	43	2	asset	asset	NOUN
fbem-4349	43	3	-	-	PUNCT
fbem-4349	43	4	light	light	NOUN
fbem-4349	43	5	industry	industry	NOUN
fbem-4349	43	6	is	be	AUX
fbem-4349	43	7	characterized	characterize	VERB
fbem-4349	43	8	by	by	ADP
fbem-4349	43	9	high	high	ADJ
fbem-4349	43	10	growth	growth	NOUN
fbem-4349	43	11	and	and	CCONJ
fbem-4349	43	12	high	high	ADJ
fbem-4349	43	13	market	market	NOUN
fbem-4349	43	14	heat	heat	NOUN
fbem-4349	43	15	,	,	PUNCT
fbem-4349	43	16	and	and	CCONJ
fbem-4349	43	17	the	the	DET
fbem-4349	43	18	acquirer	acquirer	NOUN
fbem-4349	43	19	is	be	AUX
fbem-4349	43	20	concerned	concerned	ADJ
fbem-4349	43	21	about	about	ADP
fbem-4349	43	22	its	its	PRON
fbem-4349	43	23	future	future	ADJ
fbem-4349	43	24	profitability	profitability	NOUN
fbem-4349	43	25	.	.	PUNCT
fbem-4349	44	1	to	to	ADP
fbem-4349	44	2	a	a	DET
fbem-4349	44	3	certain	certain	ADJ
fbem-4349	44	4	extent	extent	NOUN
fbem-4349	44	5	,	,	PUNCT
fbem-4349	44	6	performance	performance	NOUN
fbem-4349	44	7	commitment	commitment	NOUN
fbem-4349	44	8	can	can	AUX
fbem-4349	44	9	be	be	AUX
fbem-4349	44	10	used	use	VERB
fbem-4349	44	11	to	to	PART
fbem-4349	44	12	encourage	encourage	VERB
fbem-4349	44	13	the	the	DET
fbem-4349	44	14	acquired	acquire	VERB
fbem-4349	44	15	party	party	NOUN
fbem-4349	44	16	in	in	ADP
fbem-4349	44	17	the	the	DET
fbem-4349	44	18	future	future	NOUN
fbem-4349	44	19	,	,	PUNCT
fbem-4349	44	20	so	so	SCONJ
fbem-4349	44	21	that	that	SCONJ
fbem-4349	44	22	it	it	PRON
fbem-4349	44	23	can	can	AUX
fbem-4349	44	24	operate	operate	VERB
fbem-4349	44	25	the	the	DET
fbem-4349	44	26	enterprise	enterprise	NOUN
fbem-4349	44	27	diligently	diligently	ADV
fbem-4349	44	28	and	and	CCONJ
fbem-4349	44	29	protect	protect	VERB
fbem-4349	44	30	the	the	DET
fbem-4349	44	31	interests	interest	NOUN
fbem-4349	44	32	of	of	ADP
fbem-4349	44	33	the	the	DET
fbem-4349	44	34	acquirer	acquirer	NOUN
fbem-4349	44	35	.	.	PUNCT
fbem-4349	45	1	however	however	ADV
fbem-4349	45	2	,	,	PUNCT
fbem-4349	45	3	the	the	DET
fbem-4349	45	4	acquired	acquire	VERB
fbem-4349	45	5	party	party	NOUN
fbem-4349	45	6	will	will	AUX
fbem-4349	45	7	increase	increase	VERB
fbem-4349	45	8	the	the	DET
fbem-4349	45	9	m&a	m&a	PROPN
fbem-4349	45	10	valuation	valuation	NOUN
fbem-4349	45	11	through	through	ADP
fbem-4349	45	12	unattainable	unattainable	ADJ
fbem-4349	45	13	high	high	ADJ
fbem-4349	45	14	performance	performance	NOUN
fbem-4349	45	15	promises	promise	NOUN
fbem-4349	45	16	,	,	PUNCT
fbem-4349	45	17	while	while	SCONJ
fbem-4349	45	18	the	the	DET
fbem-4349	45	19	acquirer	acquirer	NOUN
fbem-4349	45	20	will	will	AUX
fbem-4349	45	21	complete	complete	VERB
fbem-4349	45	22	the	the	DET
fbem-4349	45	23	m&a	m&a	PROPN
fbem-4349	45	24	as	as	ADV
fbem-4349	45	25	soon	soon	ADV
fbem-4349	45	26	as	as	ADP
fbem-4349	45	27	possible	possible	ADJ
fbem-4349	45	28	in	in	ADP
fbem-4349	45	29	order	order	NOUN
fbem-4349	45	30	to	to	PART
fbem-4349	45	31	obtain	obtain	VERB
fbem-4349	45	32	immediate	immediate	ADJ
fbem-4349	45	33	benefits	benefit	NOUN
fbem-4349	45	34	and	and	CCONJ
fbem-4349	45	35	pay	pay	VERB
fbem-4349	45	36	no	no	DET
fbem-4349	45	37	attention	attention	NOUN
fbem-4349	45	38	to	to	ADP
fbem-4349	45	39	potential	potential	ADJ
fbem-4349	45	40	risks	risk	NOUN
fbem-4349	45	41	in	in	ADP
fbem-4349	45	42	the	the	DET
fbem-4349	45	43	future	future	NOUN
fbem-4349	45	44	.	.	PUNCT
fbem-4349	46	1	in	in	ADP
fbem-4349	46	2	this	this	DET
fbem-4349	46	3	way	way	NOUN
fbem-4349	46	4	,	,	PUNCT
fbem-4349	46	5	relatively	relatively	ADV
fbem-4349	46	6	high	high	ADJ
fbem-4349	46	7	performance	performance	NOUN
fbem-4349	46	8	promises	promise	NOUN
fbem-4349	46	9	are	be	AUX
fbem-4349	46	10	likely	likely	ADJ
fbem-4349	46	11	to	to	PART
fbem-4349	46	12	cover	cover	VERB
fbem-4349	46	13	up	up	ADP
fbem-4349	46	14	the	the	DET
fbem-4349	46	15	real	real	ADJ
fbem-4349	46	16	value	value	NOUN
fbem-4349	46	17	of	of	ADP
fbem-4349	46	18	the	the	DET
fbem-4349	46	19	enterprise	enterprise	NOUN
fbem-4349	46	20	.	.	PUNCT
fbem-4349	47	1	if	if	SCONJ
fbem-4349	47	2	the	the	DET
fbem-4349	47	3	acquired	acquire	VERB
fbem-4349	47	4	party	party	NOUN
fbem-4349	47	5	fails	fail	VERB
fbem-4349	47	6	to	to	PART
fbem-4349	47	7	fulfill	fulfill	VERB
fbem-4349	47	8	its	its	PRON
fbem-4349	47	9	performance	performance	NOUN
fbem-4349	47	10	promises	promise	NOUN
fbem-4349	47	11	or	or	CCONJ
fbem-4349	47	12	the	the	DET
fbem-4349	47	13	overall	overall	ADJ
fbem-4349	47	14	profitability	profitability	NOUN
fbem-4349	47	15	of	of	ADP
fbem-4349	47	16	the	the	DET
fbem-4349	47	17	enterprise	enterprise	NOUN
fbem-4349	47	18	declines	decline	VERB
fbem-4349	47	19	after	after	SCONJ
fbem-4349	47	20	the	the	DET
fbem-4349	47	21	performance	performance	NOUN
fbem-4349	47	22	promises	promise	NOUN
fbem-4349	47	23	are	be	AUX
fbem-4349	47	24	valid	valid	ADJ
fbem-4349	47	25	,	,	PUNCT
fbem-4349	47	26	the	the	DET
fbem-4349	47	27	acquiring	acquire	VERB
fbem-4349	47	28	party	party	NOUN
fbem-4349	47	29	will	will	AUX
fbem-4349	47	30	have	have	VERB
fbem-4349	47	31	the	the	DET
fbem-4349	47	32	risk	risk	NOUN
fbem-4349	47	33	of	of	ADP
fbem-4349	47	34	huge	huge	ADJ
fbem-4349	47	35	goodwill	goodwill	NOUN
fbem-4349	47	36	impairment	impairment	NOUN
fbem-4349	47	37	.	.	PUNCT
fbem-4349	48	1	3.3	3.3	NUM
fbem-4349	48	2	.	.	PUNCT
fbem-4349	49	1	the	the	DET
fbem-4349	49	2	synergy	synergy	NOUN
fbem-4349	49	3	effect	effect	NOUN
fbem-4349	49	4	after	after	SCONJ
fbem-4349	49	5	the	the	DET
fbem-4349	49	6	merger	merger	NOUN
fbem-4349	49	7	is	be	AUX
fbem-4349	49	8	overestimated	overestimate	VERB
fbem-4349	49	9	.	.	PUNCT
fbem-4349	50	1	after	after	ADP
fbem-4349	50	2	the	the	DET
fbem-4349	50	3	merger	merger	NOUN
fbem-4349	50	4	and	and	CCONJ
fbem-4349	50	5	acquisition	acquisition	NOUN
fbem-4349	50	6	,	,	PUNCT
fbem-4349	50	7	both	both	DET
fbem-4349	50	8	parties	party	NOUN
fbem-4349	50	9	should	should	AUX
fbem-4349	50	10	integrate	integrate	VERB
fbem-4349	50	11	technology	technology	NOUN
fbem-4349	50	12	and	and	CCONJ
fbem-4349	50	13	customer	customer	NOUN
fbem-4349	50	14	resources	resource	NOUN
fbem-4349	50	15	,	,	PUNCT
fbem-4349	50	16	so	so	SCONJ
fbem-4349	50	17	as	as	SCONJ
fbem-4349	50	18	to	to	PART
fbem-4349	50	19	realize	realize	VERB
fbem-4349	50	20	the	the	DET
fbem-4349	50	21	complementary	complementary	ADJ
fbem-4349	50	22	advantages	advantage	NOUN
fbem-4349	50	23	of	of	ADP
fbem-4349	50	24	both	both	DET
fbem-4349	50	25	parties	party	NOUN
fbem-4349	50	26	in	in	ADP
fbem-4349	50	27	intangible	intangible	ADJ
fbem-4349	50	28	resources	resource	NOUN
fbem-4349	50	29	,	,	PUNCT
fbem-4349	50	30	so	so	SCONJ
fbem-4349	50	31	as	as	SCONJ
fbem-4349	50	32	to	to	PART
fbem-4349	50	33	maximize	maximize	VERB
fbem-4349	50	34	the	the	DET
fbem-4349	50	35	synergistic	synergistic	ADJ
fbem-4349	50	36	effect	effect	NOUN
fbem-4349	50	37	.	.	PUNCT
fbem-4349	51	1	however	however	ADV
fbem-4349	51	2	,	,	PUNCT
fbem-4349	51	3	high	high	ADJ
fbem-4349	51	4	premium	premium	NOUN
fbem-4349	51	5	generates	generate	VERB
fbem-4349	51	6	high	high	ADJ
fbem-4349	51	7	goodwill	goodwill	NOUN
fbem-4349	51	8	,	,	PUNCT
fbem-4349	51	9	which	which	PRON
fbem-4349	51	10	will	will	AUX
fbem-4349	51	11	lead	lead	VERB
fbem-4349	51	12	to	to	ADP
fbem-4349	51	13	excessive	excessive	ADJ
fbem-4349	51	14	false	false	ADJ
fbem-4349	51	15	growth	growth	NOUN
fbem-4349	51	16	of	of	ADP
fbem-4349	51	17	enterprise	enterprise	NOUN
fbem-4349	51	18	assets	asset	NOUN
fbem-4349	51	19	,	,	PUNCT
fbem-4349	51	20	and	and	CCONJ
fbem-4349	51	21	the	the	DET
fbem-4349	51	22	business	business	NOUN
fbem-4349	51	23	scale	scale	NOUN
fbem-4349	51	24	of	of	ADP
fbem-4349	51	25	the	the	DET
fbem-4349	51	26	merger	merger	NOUN
fbem-4349	51	27	and	and	CCONJ
fbem-4349	51	28	acquisition	acquisition	NOUN
fbem-4349	51	29	party	party	NOUN
fbem-4349	51	30	will	will	AUX
fbem-4349	51	31	expand	expand	VERB
fbem-4349	51	32	rapidly	rapidly	ADV
fbem-4349	51	33	due	due	ADJ
fbem-4349	51	34	to	to	ADP
fbem-4349	51	35	the	the	DET
fbem-4349	51	36	newly	newly	ADV
fbem-4349	51	37	added	add	VERB
fbem-4349	51	38	merger	merger	NOUN
fbem-4349	51	39	and	and	CCONJ
fbem-4349	51	40	acquisition	acquisition	NOUN
fbem-4349	51	41	business	business	NOUN
fbem-4349	51	42	.	.	PUNCT
fbem-4349	52	1	if	if	SCONJ
fbem-4349	52	2	the	the	DET
fbem-4349	52	3	two	two	NUM
fbem-4349	52	4	sides	side	NOUN
fbem-4349	52	5	in	in	ADP
fbem-4349	52	6	the	the	DET
fbem-4349	52	7	production	production	NOUN
fbem-4349	52	8	operation	operation	NOUN
fbem-4349	52	9	and	and	CCONJ
fbem-4349	52	10	management	management	NOUN
fbem-4349	52	11	concept	concept	NOUN
fbem-4349	52	12	can	can	AUX
fbem-4349	52	13	not	not	PART
fbem-4349	52	14	achieve	achieve	VERB
fbem-4349	52	15	a	a	DET
fbem-4349	52	16	real	real	ADJ
fbem-4349	52	17	fit	fit	NOUN
fbem-4349	52	18	,	,	PUNCT
fbem-4349	52	19	it	it	PRON
fbem-4349	52	20	will	will	AUX
fbem-4349	52	21	be	be	AUX
fbem-4349	52	22	difficult	difficult	ADJ
fbem-4349	52	23	to	to	PART
fbem-4349	52	24	achieve	achieve	VERB
fbem-4349	52	25	the	the	DET
fbem-4349	52	26	control	control	NOUN
fbem-4349	52	27	of	of	ADP
fbem-4349	52	28	impairment	impairment	ADJ
fbem-4349	52	29	risk	risk	NOUN
fbem-4349	52	30	.	.	PUNCT
fbem-4349	53	1	after	after	ADP
fbem-4349	53	2	the	the	DET
fbem-4349	53	3	completion	completion	NOUN
fbem-4349	53	4	of	of	ADP
fbem-4349	53	5	the	the	DET
fbem-4349	53	6	merger	merger	NOUN
fbem-4349	53	7	,	,	PUNCT
fbem-4349	53	8	the	the	DET
fbem-4349	53	9	acquiring	acquire	VERB
fbem-4349	53	10	party	party	NOUN
fbem-4349	53	11	should	should	AUX
fbem-4349	53	12	timely	timely	ADV
fbem-4349	53	13	adjust	adjust	VERB
fbem-4349	53	14	the	the	DET
fbem-4349	53	15	original	original	ADJ
fbem-4349	53	16	production	production	NOUN
fbem-4349	53	17	and	and	CCONJ
fbem-4349	53	18	operation	operation	NOUN
fbem-4349	53	19	mode	mode	NOUN
fbem-4349	53	20	,	,	PUNCT
fbem-4349	53	21	otherwise	otherwise	ADV
fbem-4349	53	22	there	there	PRON
fbem-4349	53	23	will	will	AUX
fbem-4349	53	24	be	be	AUX
fbem-4349	53	25	differences	difference	NOUN
fbem-4349	53	26	in	in	ADP
fbem-4349	53	27	business	business	NOUN
fbem-4349	53	28	management	management	NOUN
fbem-4349	53	29	,	,	PUNCT
fbem-4349	53	30	customer	customer	NOUN
fbem-4349	53	31	resources	resource	NOUN
fbem-4349	53	32	,	,	PUNCT
fbem-4349	53	33	research	research	NOUN
fbem-4349	53	34	and	and	CCONJ
fbem-4349	53	35	development	development	NOUN
fbem-4349	53	36	design	design	NOUN
fbem-4349	53	37	and	and	CCONJ
fbem-4349	53	38	other	other	ADJ
fbem-4349	53	39	aspects	aspect	NOUN
fbem-4349	53	40	,	,	PUNCT
fbem-4349	53	41	resulting	result	VERB
fbem-4349	53	42	in	in	ADP
fbem-4349	53	43	decision	decision	NOUN
fbem-4349	53	44	-	-	PUNCT
fbem-4349	53	45	making	make	VERB
fbem-4349	53	46	conflicts	conflict	NOUN
fbem-4349	53	47	,	,	PUNCT
fbem-4349	53	48	resource	resource	NOUN
fbem-4349	53	49	integration	integration	NOUN
fbem-4349	53	50	effects	effect	NOUN
fbem-4349	53	51	can	can	AUX
fbem-4349	53	52	not	not	PART
fbem-4349	53	53	reach	reach	VERB
fbem-4349	53	54	the	the	DET
fbem-4349	53	55	expectations	expectation	NOUN
fbem-4349	53	56	,	,	PUNCT
fbem-4349	53	57	management	management	NOUN
fbem-4349	53	58	costs	cost	NOUN
fbem-4349	53	59	will	will	AUX
fbem-4349	53	60	gradually	gradually	ADV
fbem-4349	53	61	rise	rise	VERB
fbem-4349	53	62	in	in	ADP
fbem-4349	53	63	the	the	DET
fbem-4349	53	64	future	future	ADJ
fbem-4349	53	65	period	period	NOUN
fbem-4349	53	66	of	of	ADP
fbem-4349	53	67	time	time	NOUN
fbem-4349	53	68	,	,	PUNCT
fbem-4349	53	69	affecting	affect	VERB
fbem-4349	53	70	the	the	DET
fbem-4349	53	71	play	play	NOUN
fbem-4349	53	72	of	of	ADP
fbem-4349	53	73	synergies	synergy	NOUN
fbem-4349	53	74	.	.	PUNCT
fbem-4349	54	1	after	after	ADP
fbem-4349	54	2	the	the	DET
fbem-4349	54	3	completion	completion	NOUN
fbem-4349	54	4	of	of	ADP
fbem-4349	54	5	the	the	DET
fbem-4349	54	6	merger	merger	NOUN
fbem-4349	54	7	,	,	PUNCT
fbem-4349	54	8	the	the	DET
fbem-4349	54	9	merger	merger	NOUN
fbem-4349	54	10	parties	party	NOUN
fbem-4349	54	11	may	may	AUX
fbem-4349	54	12	have	have	VERB
fbem-4349	54	13	conflicts	conflict	NOUN
fbem-4349	54	14	in	in	ADP
fbem-4349	54	15	the	the	DET
fbem-4349	54	16	integration	integration	NOUN
fbem-4349	54	17	,	,	PUNCT
fbem-4349	54	18	and	and	CCONJ
fbem-4349	54	19	the	the	DET
fbem-4349	54	20	integration	integration	NOUN
fbem-4349	54	21	result	result	NOUN
fbem-4349	54	22	can	can	AUX
fbem-4349	54	23	not	not	PART
fbem-4349	54	24	be	be	AUX
fbem-4349	54	25	determined	determine	VERB
fbem-4349	54	26	.	.	PUNCT
fbem-4349	55	1	the	the	DET
fbem-4349	55	2	operation	operation	NOUN
fbem-4349	55	3	scale	scale	NOUN
fbem-4349	55	4	and	and	CCONJ
fbem-4349	55	5	performance	performance	NOUN
fbem-4349	55	6	of	of	ADP
fbem-4349	55	7	the	the	DET
fbem-4349	55	8	merger	merger	NOUN
fbem-4349	55	9	party	party	NOUN
fbem-4349	55	10	will	will	AUX
fbem-4349	55	11	be	be	AUX
fbem-4349	55	12	affected	affect	VERB
fbem-4349	55	13	to	to	ADP
fbem-4349	55	14	a	a	DET
fbem-4349	55	15	certain	certain	ADJ
fbem-4349	55	16	extent	extent	NOUN
fbem-4349	55	17	.	.	PUNCT
fbem-4349	56	1	therefore	therefore	ADV
fbem-4349	56	2	,	,	PUNCT
fbem-4349	56	3	an	an	DET
fbem-4349	56	4	optimistic	optimistic	ADJ
fbem-4349	56	5	attitude	attitude	NOUN
fbem-4349	56	6	towards	towards	ADP
fbem-4349	56	7	the	the	DET
fbem-4349	56	8	synergistic	synergistic	ADJ
fbem-4349	56	9	effect	effect	NOUN
fbem-4349	56	10	will	will	AUX
fbem-4349	56	11	cause	cause	VERB
fbem-4349	56	12	the	the	DET
fbem-4349	56	13	value	value	NOUN
fbem-4349	56	14	of	of	ADP
fbem-4349	56	15	the	the	DET
fbem-4349	56	16	acquired	acquire	VERB
fbem-4349	56	17	party	party	NOUN
fbem-4349	56	18	to	to	PART
fbem-4349	56	19	be	be	AUX
fbem-4349	56	20	overestimated	overestimate	VERB
fbem-4349	56	21	,	,	PUNCT
fbem-4349	56	22	with	with	ADP
fbem-4349	56	23	a	a	DET
fbem-4349	56	24	high	high	ADJ
fbem-4349	56	25	premium	premium	NOUN
fbem-4349	56	26	,	,	PUNCT
fbem-4349	56	27	a	a	DET
fbem-4349	56	28	huge	huge	ADJ
fbem-4349	56	29	amount	amount	NOUN
fbem-4349	56	30	of	of	ADP
fbem-4349	56	31	goodwill	goodwill	NOUN
fbem-4349	56	32	drawn	draw	VERB
fbem-4349	56	33	and	and	CCONJ
fbem-4349	56	34	a	a	DET
fbem-4349	56	35	high	high	ADJ
fbem-4349	56	36	risk	risk	NOUN
fbem-4349	56	37	of	of	ADP
fbem-4349	56	38	goodwill	goodwill	NOUN
fbem-4349	56	39	impairment	impairment	NOUN
fbem-4349	56	40	.	.	PUNCT
fbem-4349	57	1	3.4	3.4	NUM
fbem-4349	57	2	.	.	PUNCT
fbem-4349	58	1	the	the	DET
fbem-4349	58	2	existence	existence	NOUN
fbem-4349	58	3	of	of	ADP
fbem-4349	58	4	earnings	earning	NOUN
fbem-4349	58	5	management	management	NOUN
fbem-4349	58	6	motivation	motivation	NOUN
fbem-4349	58	7	.	.	PUNCT
fbem-4349	59	1	our	our	PRON
fbem-4349	59	2	country	country	NOUN
fbem-4349	59	3	's	's	PART
fbem-4349	59	4	accounting	accounting	NOUN
fbem-4349	59	5	standards	standard	NOUN
fbem-4349	59	6	stipulate	stipulate	VERB
fbem-4349	59	7	that	that	SCONJ
fbem-4349	59	8	enterprises	enterprise	NOUN
fbem-4349	59	9	shall	shall	AUX
fbem-4349	59	10	conduct	conduct	VERB
fbem-4349	59	11	impairment	impairment	ADJ
fbem-4349	59	12	test	test	NOUN
fbem-4349	59	13	for	for	ADP
fbem-4349	59	14	merger	merger	NOUN
fbem-4349	59	15	and	and	CCONJ
fbem-4349	59	16	acquisition	acquisition	NOUN
fbem-4349	59	17	goodwill	goodwill	NOUN
fbem-4349	59	18	at	at	ADP
fbem-4349	59	19	the	the	DET
fbem-4349	59	20	end	end	NOUN
fbem-4349	59	21	of	of	ADP
fbem-4349	59	22	each	each	DET
fbem-4349	59	23	year	year	NOUN
fbem-4349	59	24	.	.	PUNCT
fbem-4349	60	1	however	however	ADV
fbem-4349	60	2	,	,	PUNCT
fbem-4349	60	3	the	the	DET
fbem-4349	60	4	requirements	requirement	NOUN
fbem-4349	60	5	for	for	ADP
fbem-4349	60	6	impairment	impairment	ADJ
fbem-4349	60	7	test	test	NOUN
fbem-4349	60	8	methods	method	NOUN
fbem-4349	60	9	are	be	AUX
fbem-4349	60	10	not	not	PART
fbem-4349	60	11	detailed	detail	VERB
fbem-4349	60	12	and	and	CCONJ
fbem-4349	60	13	the	the	DET
fbem-4349	60	14	content	content	NOUN
fbem-4349	60	15	is	be	AUX
fbem-4349	60	16	not	not	PART
fbem-4349	60	17	clear	clear	ADJ
fbem-4349	60	18	and	and	CCONJ
fbem-4349	60	19	clear	clear	ADJ
fbem-4349	60	20	.	.	PUNCT
fbem-4349	61	1	in	in	ADP
fbem-4349	61	2	practical	practical	ADJ
fbem-4349	61	3	life	life	NOUN
fbem-4349	61	4	,	,	PUNCT
fbem-4349	61	5	goodwill	goodwill	NOUN
fbem-4349	61	6	impairment	impairment	ADJ
fbem-4349	61	7	test	test	NOUN
fbem-4349	61	8	has	have	VERB
fbem-4349	61	9	strong	strong	ADJ
fbem-4349	61	10	autonomy	autonomy	NOUN
fbem-4349	61	11	and	and	CCONJ
fbem-4349	61	12	is	be	AUX
fbem-4349	61	13	easy	easy	ADJ
fbem-4349	61	14	to	to	PART
fbem-4349	61	15	manipulate	manipulate	VERB
fbem-4349	61	16	.	.	PUNCT
fbem-4349	62	1	the	the	DET
fbem-4349	62	2	recoverable	recoverable	ADJ
fbem-4349	62	3	amount	amount	NOUN
fbem-4349	62	4	of	of	ADP
fbem-4349	62	5	an	an	DET
fbem-4349	62	6	enterprise	enterprise	NOUN
fbem-4349	62	7	is	be	AUX
fbem-4349	62	8	usually	usually	ADV
fbem-4349	62	9	measured	measure	VERB
fbem-4349	62	10	by	by	ADP
fbem-4349	62	11	the	the	DET
fbem-4349	62	12	income	income	NOUN
fbem-4349	62	13	method	method	NOUN
fbem-4349	62	14	,	,	PUNCT
fbem-4349	62	15	and	and	CCONJ
fbem-4349	62	16	whether	whether	SCONJ
fbem-4349	62	17	the	the	DET
fbem-4349	62	18	impairment	impairment	NOUN
fbem-4349	62	19	of	of	ADP
fbem-4349	62	20	goodwill	goodwill	NOUN
fbem-4349	62	21	is	be	AUX
fbem-4349	62	22	determined	determine	VERB
fbem-4349	62	23	by	by	ADP
fbem-4349	62	24	comparing	compare	VERB
fbem-4349	62	25	the	the	DET
fbem-4349	62	26	recoverable	recoverable	ADJ
fbem-4349	62	27	amount	amount	NOUN
fbem-4349	62	28	with	with	ADP
fbem-4349	62	29	the	the	DET
fbem-4349	62	30	carrying	carry	VERB
fbem-4349	62	31	value	value	NOUN
fbem-4349	62	32	of	of	ADP
fbem-4349	62	33	goodwill	goodwill	NOUN
fbem-4349	62	34	.	.	PUNCT
fbem-4349	63	1	therefore	therefore	ADV
fbem-4349	63	2	,	,	PUNCT
fbem-4349	63	3	when	when	SCONJ
fbem-4349	63	4	choosing	choose	VERB
fbem-4349	63	5	the	the	DET
fbem-4349	63	6	time	time	NOUN
fbem-4349	63	7	point	point	NOUN
fbem-4349	63	8	of	of	ADP
fbem-4349	63	9	impairment	impairment	NOUN
fbem-4349	63	10	,	,	PUNCT
fbem-4349	63	11	the	the	DET
fbem-4349	63	12	management	management	NOUN
fbem-4349	63	13	will	will	AUX
fbem-4349	63	14	give	give	VERB
fbem-4349	63	15	priority	priority	NOUN
fbem-4349	63	16	to	to	ADP
fbem-4349	63	17	factors	factor	NOUN
fbem-4349	63	18	closely	closely	ADV
fbem-4349	63	19	related	relate	VERB
fbem-4349	63	20	to	to	ADP
fbem-4349	63	21	its	its	PRON
fbem-4349	63	22	own	own	ADJ
fbem-4349	63	23	interests	interest	NOUN
fbem-4349	63	24	and	and	CCONJ
fbem-4349	63	25	be	be	AUX
fbem-4349	63	26	more	more	ADV
fbem-4349	63	27	inclined	inclined	ADJ
fbem-4349	63	28	to	to	PART
fbem-4349	63	29	implement	implement	VERB
fbem-4349	63	30	earnings	earning	NOUN
fbem-4349	63	31	management	management	NOUN
fbem-4349	63	32	through	through	ADP
fbem-4349	63	33	goodwill	goodwill	NOUN
fbem-4349	63	34	impairment	impairment	NOUN
fbem-4349	63	35	.	.	PUNCT
fbem-4349	64	1	with	with	ADP
fbem-4349	64	2	the	the	DET
fbem-4349	64	3	help	help	NOUN
fbem-4349	64	4	of	of	ADP
fbem-4349	64	5	the	the	DET
fbem-4349	64	6	"	"	PUNCT
fbem-4349	64	7	elasticity	elasticity	NOUN
fbem-4349	64	8	"	"	PUNCT
fbem-4349	64	9	loophole	loophole	NOUN
fbem-4349	64	10	of	of	ADP
fbem-4349	64	11	relevant	relevant	ADJ
fbem-4349	64	12	impairment	impairment	ADJ
fbem-4349	64	13	provisions	provision	NOUN
fbem-4349	64	14	,	,	PUNCT
fbem-4349	64	15	the	the	DET
fbem-4349	64	16	company	company	NOUN
fbem-4349	64	17	can	can	AUX
fbem-4349	64	18	avoid	avoid	VERB
fbem-4349	64	19	the	the	DET
fbem-4349	64	20	impairment	impairment	NOUN
fbem-4349	64	21	of	of	ADP
fbem-4349	64	22	goodwill	goodwill	NOUN
fbem-4349	64	23	when	when	SCONJ
fbem-4349	64	24	the	the	DET
fbem-4349	64	25	performance	performance	NOUN
fbem-4349	64	26	increases	increase	VERB
fbem-4349	64	27	,	,	PUNCT
fbem-4349	64	28	and	and	CCONJ
fbem-4349	64	29	maintain	maintain	VERB
fbem-4349	64	30	a	a	DET
fbem-4349	64	31	stable	stable	ADJ
fbem-4349	64	32	profit	profit	NOUN
fbem-4349	64	33	level	level	NOUN
fbem-4349	64	34	in	in	ADP
fbem-4349	64	35	the	the	DET
fbem-4349	64	36	financial	financial	ADJ
fbem-4349	64	37	statements	statement	NOUN
fbem-4349	64	38	when	when	SCONJ
fbem-4349	64	39	the	the	DET
fbem-4349	64	40	performance	performance	NOUN
fbem-4349	64	41	declines	decline	VERB
fbem-4349	64	42	or	or	CCONJ
fbem-4349	64	43	the	the	DET
fbem-4349	64	44	profit	profit	NOUN
fbem-4349	64	45	is	be	AUX
fbem-4349	64	46	negative	negative	ADJ
fbem-4349	64	47	through	through	ADP
fbem-4349	64	48	three	three	NUM
fbem-4349	64	49	means	mean	NOUN
fbem-4349	64	50	:	:	PUNCT
fbem-4349	64	51	large	large	ADJ
fbem-4349	64	52	amount	amount	NOUN
fbem-4349	64	53	of	of	ADP
fbem-4349	64	54	provision	provision	NOUN
fbem-4349	64	55	,	,	PUNCT
fbem-4349	64	56	little	little	ADJ
fbem-4349	64	57	provision	provision	NOUN
fbem-4349	64	58	and	and	CCONJ
fbem-4349	64	59	no	no	DET
fbem-4349	64	60	provision	provision	NOUN
fbem-4349	64	61	for	for	ADP
fbem-4349	64	62	the	the	DET
fbem-4349	64	63	impairment	impairment	NOUN
fbem-4349	64	64	of	of	ADP
fbem-4349	64	65	goodwill	goodwill	NOUN
fbem-4349	64	66	.	.	PUNCT
fbem-4349	65	1	4	4	X
fbem-4349	65	2	.	.	X
fbem-4349	65	3	analysis	analysis	NOUN
fbem-4349	65	4	of	of	ADP
fbem-4349	65	5	goodwill	goodwill	NOUN
fbem-4349	65	6	impairment	impairment	ADJ
fbem-4349	65	7	consequences	consequence	NOUN
fbem-4349	65	8	of	of	ADP
fbem-4349	65	9	high	high	ADJ
fbem-4349	65	10	premium	premium	NOUN
fbem-4349	65	11	m&a	m&a	PROPN
fbem-4349	65	12	4.1	4.1	NUM
fbem-4349	65	13	.	.	PUNCT
fbem-4349	66	1	decline	decline	VERB
fbem-4349	66	2	in	in	ADP
fbem-4349	66	3	business	business	NOUN
fbem-4349	66	4	performance	performance	NOUN
fbem-4349	66	5	.	.	PUNCT
fbem-4349	67	1	the	the	DET
fbem-4349	67	2	impairment	impairment	NOUN
fbem-4349	67	3	of	of	ADP
fbem-4349	67	4	goodwill	goodwill	NOUN
fbem-4349	67	5	is	be	AUX
fbem-4349	67	6	included	include	VERB
fbem-4349	67	7	in	in	ADP
fbem-4349	67	8	the	the	DET
fbem-4349	67	9	asset	asset	NOUN
fbem-4349	67	10	impairment	impairment	NOUN
fbem-4349	67	11	item	item	NOUN
fbem-4349	67	12	in	in	ADP
fbem-4349	67	13	the	the	DET
fbem-4349	67	14	financial	financial	ADJ
fbem-4349	67	15	statements	statement	NOUN
fbem-4349	67	16	,	,	PUNCT
fbem-4349	67	17	so	so	SCONJ
fbem-4349	67	18	the	the	DET
fbem-4349	67	19	net	net	ADJ
fbem-4349	67	20	profit	profit	NOUN
fbem-4349	67	21	of	of	ADP
fbem-4349	67	22	the	the	DET
fbem-4349	67	23	enterprise	enterprise	NOUN
fbem-4349	67	24	will	will	AUX
fbem-4349	67	25	be	be	AUX
fbem-4349	67	26	affected	affect	VERB
fbem-4349	67	27	,	,	PUNCT
fbem-4349	67	28	and	and	CCONJ
fbem-4349	67	29	the	the	DET
fbem-4349	67	30	business	business	NOUN
fbem-4349	67	31	scale	scale	NOUN
fbem-4349	67	32	and	and	CCONJ
fbem-4349	67	33	performance	performance	NOUN
fbem-4349	67	34	of	of	ADP
fbem-4349	67	35	the	the	DET
fbem-4349	67	36	enterprise	enterprise	NOUN
fbem-4349	67	37	will	will	AUX
fbem-4349	67	38	decline	decline	VERB
fbem-4349	67	39	due	due	ADP
fbem-4349	67	40	to	to	ADP
fbem-4349	67	41	the	the	DET
fbem-4349	67	42	impairment	impairment	NOUN
fbem-4349	67	43	of	of	ADP
fbem-4349	67	44	goodwill	goodwill	NOUN
fbem-4349	67	45	,	,	PUNCT
fbem-4349	67	46	resulting	result	VERB
fbem-4349	67	47	in	in	ADP
fbem-4349	67	48	huge	huge	ADJ
fbem-4349	67	49	losses	loss	NOUN
fbem-4349	67	50	.	.	PUNCT
fbem-4349	68	1	goodwill	goodwill	NOUN
fbem-4349	68	2	impairment	impairment	NOUN
fbem-4349	68	3	will	will	AUX
fbem-4349	68	4	affect	affect	VERB
fbem-4349	68	5	the	the	DET
fbem-4349	68	6	company	company	NOUN
fbem-4349	68	7	's	's	PART
fbem-4349	68	8	profit	profit	NOUN
fbem-4349	68	9	at	at	ADP
fbem-4349	68	10	the	the	DET
fbem-4349	68	11	same	same	ADJ
fbem-4349	68	12	time	time	NOUN
fbem-4349	68	13	.	.	PUNCT
fbem-4349	69	1	bring	bring	VERB
fbem-4349	69	2	unpredictable	unpredictable	ADJ
fbem-4349	69	3	financial	financial	ADJ
fbem-4349	69	4	risks	risk	NOUN
fbem-4349	69	5	,	,	PUNCT
fbem-4349	69	6	but	but	CCONJ
fbem-4349	69	7	also	also	ADV
fbem-4349	69	8	make	make	VERB
fbem-4349	69	9	the	the	DET
fbem-4349	69	10	interests	interest	NOUN
fbem-4349	69	11	of	of	ADP
fbem-4349	69	12	investors	investor	NOUN
fbem-4349	69	13	by	by	ADP
fbem-4349	69	14	varying	vary	VERB
fbem-4349	69	15	degrees	degree	NOUN
fbem-4349	69	16	of	of	ADP
fbem-4349	69	17	damage	damage	NOUN
fbem-4349	69	18	,	,	PUNCT
fbem-4349	69	19	so	so	SCONJ
fbem-4349	69	20	that	that	SCONJ
fbem-4349	69	21	they	they	PRON
fbem-4349	69	22	gradually	gradually	ADV
fbem-4349	69	23	lose	lose	VERB
fbem-4349	69	24	confidence	confidence	NOUN
fbem-4349	69	25	in	in	ADP
fbem-4349	69	26	the	the	DET
fbem-4349	69	27	company	company	NOUN
fbem-4349	69	28	's	's	PART
fbem-4349	69	29	operation	operation	NOUN
fbem-4349	69	30	.	.	PUNCT
fbem-4349	70	1	8	8	NUM
fbem-4349	70	2	4.2	4.2	NUM
fbem-4349	70	3	.	.	PUNCT
fbem-4349	71	1	the	the	DET
fbem-4349	71	2	decline	decline	NOUN
fbem-4349	71	3	of	of	ADP
fbem-4349	71	4	the	the	DET
fbem-4349	71	5	stock	stock	NOUN
fbem-4349	71	6	price	price	NOUN
fbem-4349	71	7	and	and	CCONJ
fbem-4349	71	8	the	the	DET
fbem-4349	71	9	loss	loss	NOUN
fbem-4349	71	10	of	of	ADP
fbem-4349	71	11	interests	interest	NOUN
fbem-4349	71	12	.	.	PUNCT
fbem-4349	72	1	goodwill	goodwill	NOUN
fbem-4349	72	2	impairment	impairment	NOUN
fbem-4349	72	3	means	mean	VERB
fbem-4349	72	4	that	that	SCONJ
fbem-4349	72	5	the	the	DET
fbem-4349	72	6	performance	performance	NOUN
fbem-4349	72	7	of	of	ADP
fbem-4349	72	8	an	an	DET
fbem-4349	72	9	optimistic	optimistic	ADJ
fbem-4349	72	10	enterprise	enterprise	NOUN
fbem-4349	72	11	acquired	acquire	VERB
fbem-4349	72	12	at	at	ADP
fbem-4349	72	13	a	a	DET
fbem-4349	72	14	high	high	ADJ
fbem-4349	72	15	price	price	NOUN
fbem-4349	72	16	has	have	AUX
fbem-4349	72	17	not	not	PART
fbem-4349	72	18	reached	reach	VERB
fbem-4349	72	19	the	the	DET
fbem-4349	72	20	previous	previous	ADJ
fbem-4349	72	21	expectations	expectation	NOUN
fbem-4349	72	22	.	.	PUNCT
fbem-4349	73	1	therefore	therefore	ADV
fbem-4349	73	2	,	,	PUNCT
fbem-4349	73	3	the	the	DET
fbem-4349	73	4	goodwill	goodwill	NOUN
fbem-4349	73	5	impairment	impairment	NOUN
fbem-4349	73	6	of	of	ADP
fbem-4349	73	7	a	a	DET
fbem-4349	73	8	high	high	ADJ
fbem-4349	73	9	premium	premium	NOUN
fbem-4349	73	10	acquisition	acquisition	NOUN
fbem-4349	73	11	will	will	AUX
fbem-4349	73	12	cause	cause	VERB
fbem-4349	73	13	the	the	DET
fbem-4349	73	14	change	change	NOUN
fbem-4349	73	15	of	of	ADP
fbem-4349	73	16	the	the	DET
fbem-4349	73	17	stock	stock	NOUN
fbem-4349	73	18	price	price	NOUN
fbem-4349	73	19	of	of	ADP
fbem-4349	73	20	the	the	DET
fbem-4349	73	21	enterprise	enterprise	NOUN
fbem-4349	73	22	,	,	PUNCT
fbem-4349	73	23	which	which	PRON
fbem-4349	73	24	is	be	AUX
fbem-4349	73	25	not	not	PART
fbem-4349	73	26	conducive	conducive	ADJ
fbem-4349	73	27	to	to	ADP
fbem-4349	73	28	the	the	DET
fbem-4349	73	29	development	development	NOUN
fbem-4349	73	30	of	of	ADP
fbem-4349	73	31	the	the	DET
fbem-4349	73	32	enterprise	enterprise	NOUN
fbem-4349	73	33	and	and	CCONJ
fbem-4349	73	34	will	will	AUX
fbem-4349	73	35	make	make	VERB
fbem-4349	73	36	the	the	DET
fbem-4349	73	37	enterprise	enterprise	NOUN
fbem-4349	73	38	face	face	VERB
fbem-4349	73	39	the	the	DET
fbem-4349	73	40	risk	risk	NOUN
fbem-4349	73	41	of	of	ADP
fbem-4349	73	42	performance	performance	NOUN
fbem-4349	73	43	loss	loss	NOUN
fbem-4349	73	44	.	.	PUNCT
fbem-4349	74	1	in	in	ADP
fbem-4349	74	2	the	the	DET
fbem-4349	74	3	face	face	NOUN
fbem-4349	74	4	of	of	ADP
fbem-4349	74	5	the	the	DET
fbem-4349	74	6	rise	rise	NOUN
fbem-4349	74	7	and	and	CCONJ
fbem-4349	74	8	fall	fall	NOUN
fbem-4349	74	9	of	of	ADP
fbem-4349	74	10	stock	stock	NOUN
fbem-4349	74	11	prices	price	NOUN
fbem-4349	74	12	,	,	PUNCT
fbem-4349	74	13	the	the	DET
fbem-4349	74	14	small	small	ADJ
fbem-4349	74	15	and	and	CCONJ
fbem-4349	74	16	medium	medium	ADJ
fbem-4349	74	17	investors	investor	NOUN
fbem-4349	74	18	who	who	PRON
fbem-4349	74	19	are	be	AUX
fbem-4349	74	20	optimistic	optimistic	ADJ
fbem-4349	74	21	about	about	ADP
fbem-4349	74	22	the	the	DET
fbem-4349	74	23	development	development	NOUN
fbem-4349	74	24	of	of	ADP
fbem-4349	74	25	enterprises	enterprise	NOUN
fbem-4349	74	26	are	be	AUX
fbem-4349	74	27	in	in	ADP
fbem-4349	74	28	the	the	DET
fbem-4349	74	29	passive	passive	ADJ
fbem-4349	74	30	side	side	NOUN
fbem-4349	74	31	,	,	PUNCT
fbem-4349	74	32	and	and	CCONJ
fbem-4349	74	33	after	after	ADP
fbem-4349	74	34	the	the	DET
fbem-4349	74	35	enterprise	enterprise	NOUN
fbem-4349	74	36	's	's	PART
fbem-4349	74	37	goodwill	goodwill	NOUN
fbem-4349	74	38	at	at	ADP
fbem-4349	74	39	the	the	DET
fbem-4349	74	40	end	end	NOUN
fbem-4349	74	41	of	of	ADP
fbem-4349	74	42	the	the	DET
fbem-4349	74	43	year	year	NOUN
fbem-4349	74	44	,	,	PUNCT
fbem-4349	74	45	they	they	PRON
fbem-4349	74	46	will	will	AUX
fbem-4349	74	47	bear	bear	VERB
fbem-4349	74	48	the	the	DET
fbem-4349	74	49	loss	loss	NOUN
fbem-4349	74	50	of	of	ADP
fbem-4349	74	51	stock	stock	NOUN
fbem-4349	74	52	prices	price	NOUN
fbem-4349	74	53	,	,	PUNCT
fbem-4349	74	54	lose	lose	VERB
fbem-4349	74	55	confidence	confidence	NOUN
fbem-4349	74	56	in	in	ADP
fbem-4349	74	57	the	the	DET
fbem-4349	74	58	enterprise	enterprise	NOUN
fbem-4349	74	59	and	and	CCONJ
fbem-4349	74	60	cause	cause	VERB
fbem-4349	74	61	the	the	DET
fbem-4349	74	62	loss	loss	NOUN
fbem-4349	74	63	of	of	ADP
fbem-4349	74	64	capital	capital	NOUN
fbem-4349	74	65	.	.	PUNCT
fbem-4349	75	1	5	5	X
fbem-4349	75	2	.	.	X
fbem-4349	75	3	measures	measure	NOUN
fbem-4349	75	4	to	to	PART
fbem-4349	75	5	prevent	prevent	VERB
fbem-4349	75	6	goodwill	goodwill	NOUN
fbem-4349	75	7	impairment	impairment	ADJ
fbem-4349	75	8	risk	risk	NOUN
fbem-4349	75	9	of	of	ADP
fbem-4349	75	10	high	high	ADJ
fbem-4349	75	11	premium	premium	NOUN
fbem-4349	75	12	m&a	m&a	PROPN
fbem-4349	75	13	5.1	5.1	NUM
fbem-4349	75	14	.	.	PUNCT
fbem-4349	76	1	strengthen	strengthen	VERB
fbem-4349	76	2	the	the	DET
fbem-4349	76	3	evaluation	evaluation	NOUN
fbem-4349	76	4	and	and	CCONJ
fbem-4349	76	5	investigation	investigation	NOUN
fbem-4349	76	6	before	before	ADP
fbem-4349	76	7	merger	merger	NOUN
fbem-4349	76	8	and	and	CCONJ
fbem-4349	76	9	acquisition	acquisition	NOUN
fbem-4349	76	10	.	.	PUNCT
fbem-4349	77	1	strengthen	strengthen	VERB
fbem-4349	77	2	the	the	DET
fbem-4349	77	3	investigation	investigation	NOUN
fbem-4349	77	4	before	before	ADP
fbem-4349	77	5	merger	merger	NOUN
fbem-4349	77	6	and	and	CCONJ
fbem-4349	77	7	acquisition	acquisition	NOUN
fbem-4349	77	8	,	,	PUNCT
fbem-4349	77	9	reduce	reduce	VERB
fbem-4349	77	10	the	the	DET
fbem-4349	77	11	risk	risk	NOUN
fbem-4349	77	12	of	of	ADP
fbem-4349	77	13	"	"	PUNCT
fbem-4349	77	14	high	high	ADJ
fbem-4349	77	15	goodwill	goodwill	NOUN
fbem-4349	77	16	"	"	PUNCT
fbem-4349	77	17	and	and	CCONJ
fbem-4349	77	18	"	"	PUNCT
fbem-4349	77	19	high	high	ADJ
fbem-4349	77	20	goodwill	goodwill	NOUN
fbem-4349	77	21	impairment	impairment	NOUN
fbem-4349	77	22	"	"	PUNCT
fbem-4349	77	23	brought	bring	VERB
fbem-4349	77	24	by	by	ADP
fbem-4349	77	25	industry	industry	NOUN
fbem-4349	77	26	merger	merger	NOUN
fbem-4349	77	27	and	and	CCONJ
fbem-4349	77	28	acquisition	acquisition	NOUN
fbem-4349	77	29	,	,	PUNCT
fbem-4349	77	30	and	and	CCONJ
fbem-4349	77	31	lay	lie	VERB
fbem-4349	77	32	a	a	DET
fbem-4349	77	33	good	good	ADJ
fbem-4349	77	34	foundation	foundation	NOUN
fbem-4349	77	35	for	for	ADP
fbem-4349	77	36	the	the	DET
fbem-4349	77	37	subsequent	subsequent	ADJ
fbem-4349	77	38	goodwill	goodwill	NOUN
fbem-4349	77	39	value	value	NOUN
fbem-4349	77	40	management	management	NOUN
fbem-4349	77	41	.	.	PUNCT
fbem-4349	78	1	the	the	DET
fbem-4349	78	2	investigation	investigation	NOUN
fbem-4349	78	3	of	of	ADP
fbem-4349	78	4	the	the	DET
fbem-4349	78	5	situation	situation	NOUN
fbem-4349	78	6	before	before	ADP
fbem-4349	78	7	the	the	DET
fbem-4349	78	8	merger	merger	NOUN
fbem-4349	78	9	not	not	PART
fbem-4349	78	10	only	only	ADV
fbem-4349	78	11	includes	include	VERB
fbem-4349	78	12	relevant	relevant	ADJ
fbem-4349	78	13	national	national	ADJ
fbem-4349	78	14	policies	policy	NOUN
fbem-4349	78	15	,	,	PUNCT
fbem-4349	78	16	industry	industry	NOUN
fbem-4349	78	17	development	development	NOUN
fbem-4349	78	18	prospects	prospect	NOUN
fbem-4349	78	19	,	,	PUNCT
fbem-4349	78	20	the	the	DET
fbem-4349	78	21	sustainable	sustainable	ADJ
fbem-4349	78	22	development	development	NOUN
fbem-4349	78	23	of	of	ADP
fbem-4349	78	24	the	the	DET
fbem-4349	78	25	acquired	acquire	VERB
fbem-4349	78	26	party	party	NOUN
fbem-4349	78	27	and	and	CCONJ
fbem-4349	78	28	its	its	PRON
fbem-4349	78	29	future	future	ADJ
fbem-4349	78	30	trend	trend	NOUN
fbem-4349	78	31	,	,	PUNCT
fbem-4349	78	32	but	but	CCONJ
fbem-4349	78	33	also	also	ADV
fbem-4349	78	34	evaluates	evaluate	VERB
fbem-4349	78	35	whether	whether	SCONJ
fbem-4349	78	36	it	it	PRON
fbem-4349	78	37	has	have	VERB
fbem-4349	78	38	enough	enough	ADJ
fbem-4349	78	39	ability	ability	NOUN
fbem-4349	78	40	to	to	PART
fbem-4349	78	41	integrate	integrate	VERB
fbem-4349	78	42	the	the	DET
fbem-4349	78	43	resources	resource	NOUN
fbem-4349	78	44	of	of	ADP
fbem-4349	78	45	the	the	DET
fbem-4349	78	46	merger	merger	NOUN
fbem-4349	78	47	and	and	CCONJ
fbem-4349	78	48	not	not	PART
fbem-4349	78	49	blindly	blindly	ADV
fbem-4349	78	50	optimistic	optimistic	ADJ
fbem-4349	78	51	estimate	estimate	NOUN
fbem-4349	78	52	the	the	DET
fbem-4349	78	53	future	future	ADJ
fbem-4349	78	54	benefits	benefit	NOUN
fbem-4349	78	55	of	of	ADP
fbem-4349	78	56	the	the	DET
fbem-4349	78	57	acquired	acquire	VERB
fbem-4349	78	58	party	party	NOUN
fbem-4349	78	59	.	.	PUNCT
fbem-4349	79	1	investigation	investigation	NOUN
fbem-4349	79	2	can	can	AUX
fbem-4349	79	3	reduce	reduce	VERB
fbem-4349	79	4	the	the	DET
fbem-4349	79	5	possibility	possibility	NOUN
fbem-4349	79	6	of	of	ADP
fbem-4349	79	7	m&a	m&a	PROPN
fbem-4349	79	8	mistakes	mistake	NOUN
fbem-4349	79	9	,	,	PUNCT
fbem-4349	79	10	reduce	reduce	VERB
fbem-4349	79	11	the	the	DET
fbem-4349	79	12	waste	waste	NOUN
fbem-4349	79	13	of	of	ADP
fbem-4349	79	14	resources	resource	NOUN
fbem-4349	79	15	and	and	CCONJ
fbem-4349	79	16	improve	improve	VERB
fbem-4349	79	17	the	the	DET
fbem-4349	79	18	efficiency	efficiency	NOUN
fbem-4349	79	19	of	of	ADP
fbem-4349	79	20	m&a	m&a	PROPN
fbem-4349	79	21	.	.	PUNCT
fbem-4349	80	1	5.2	5.2	NUM
fbem-4349	80	2	.	.	PUNCT
fbem-4349	81	1	treat	treat	VERB
fbem-4349	81	2	enterprise	enterprise	NOUN
fbem-4349	81	3	valuation	valuation	NOUN
fbem-4349	81	4	objectively	objectively	ADV
fbem-4349	81	5	.	.	PUNCT
fbem-4349	82	1	the	the	DET
fbem-4349	82	2	valuation	valuation	NOUN
fbem-4349	82	3	of	of	ADP
fbem-4349	82	4	the	the	DET
fbem-4349	82	5	acquired	acquire	VERB
fbem-4349	82	6	party	party	NOUN
fbem-4349	82	7	will	will	AUX
fbem-4349	82	8	affect	affect	VERB
fbem-4349	82	9	the	the	DET
fbem-4349	82	10	establishment	establishment	NOUN
fbem-4349	82	11	of	of	ADP
fbem-4349	82	12	the	the	DET
fbem-4349	82	13	merger	merger	NOUN
fbem-4349	82	14	consideration	consideration	NOUN
fbem-4349	82	15	,	,	PUNCT
fbem-4349	82	16	so	so	SCONJ
fbem-4349	82	17	we	we	PRON
fbem-4349	82	18	should	should	AUX
fbem-4349	82	19	treat	treat	VERB
fbem-4349	82	20	the	the	DET
fbem-4349	82	21	valuation	valuation	NOUN
fbem-4349	82	22	result	result	VERB
fbem-4349	82	23	objectively	objectively	ADV
fbem-4349	82	24	and	and	CCONJ
fbem-4349	82	25	not	not	PART
fbem-4349	82	26	over	over	ADV
fbem-4349	82	27	-	-	PUNCT
fbem-4349	82	28	rely	rely	VERB
fbem-4349	82	29	on	on	ADP
fbem-4349	82	30	it	it	PRON
fbem-4349	82	31	.	.	PUNCT
fbem-4349	83	1	first	first	ADV
fbem-4349	83	2	of	of	ADP
fbem-4349	83	3	all	all	PRON
fbem-4349	83	4	,	,	PUNCT
fbem-4349	83	5	experienced	experience	VERB
fbem-4349	83	6	professional	professional	ADJ
fbem-4349	83	7	appraisers	appraiser	NOUN
fbem-4349	83	8	should	should	AUX
fbem-4349	83	9	be	be	AUX
fbem-4349	83	10	hired	hire	VERB
fbem-4349	83	11	to	to	PART
fbem-4349	83	12	evaluate	evaluate	VERB
fbem-4349	83	13	the	the	DET
fbem-4349	83	14	acquired	acquire	VERB
fbem-4349	83	15	party	party	NOUN
fbem-4349	83	16	,	,	PUNCT
fbem-4349	83	17	so	so	SCONJ
fbem-4349	83	18	as	as	SCONJ
fbem-4349	83	19	to	to	PART
fbem-4349	83	20	reduce	reduce	VERB
fbem-4349	83	21	the	the	DET
fbem-4349	83	22	overestimation	overestimation	NOUN
fbem-4349	83	23	of	of	ADP
fbem-4349	83	24	the	the	DET
fbem-4349	83	25	value	value	NOUN
fbem-4349	83	26	of	of	ADP
fbem-4349	83	27	goodwill	goodwill	NOUN
fbem-4349	83	28	caused	cause	VERB
fbem-4349	83	29	by	by	ADP
fbem-4349	83	30	excessive	excessive	ADJ
fbem-4349	83	31	valuation	valuation	NOUN
fbem-4349	83	32	,	,	PUNCT
fbem-4349	83	33	which	which	PRON
fbem-4349	83	34	makes	make	VERB
fbem-4349	83	35	the	the	DET
fbem-4349	83	36	enterprise	enterprise	NOUN
fbem-4349	83	37	bear	bear	VERB
fbem-4349	83	38	the	the	DET
fbem-4349	83	39	risk	risk	NOUN
fbem-4349	83	40	of	of	ADP
fbem-4349	83	41	excessive	excessive	ADJ
fbem-4349	83	42	impairment	impairment	NOUN
fbem-4349	83	43	of	of	ADP
fbem-4349	83	44	goodwill	goodwill	NOUN
fbem-4349	83	45	.	.	PUNCT
fbem-4349	84	1	secondly	secondly	ADV
fbem-4349	84	2	,	,	PUNCT
fbem-4349	84	3	the	the	DET
fbem-4349	84	4	unique	unique	ADJ
fbem-4349	84	5	nature	nature	NOUN
fbem-4349	84	6	of	of	ADP
fbem-4349	84	7	the	the	DET
fbem-4349	84	8	asset	asset	NOUN
fbem-4349	84	9	-	-	PUNCT
fbem-4349	84	10	light	light	NOUN
fbem-4349	84	11	industry	industry	NOUN
fbem-4349	84	12	should	should	AUX
fbem-4349	84	13	be	be	AUX
fbem-4349	84	14	taken	take	VERB
fbem-4349	84	15	into	into	ADP
fbem-4349	84	16	account	account	NOUN
fbem-4349	84	17	to	to	PART
fbem-4349	84	18	choose	choose	VERB
fbem-4349	84	19	the	the	DET
fbem-4349	84	20	appropriate	appropriate	ADJ
fbem-4349	84	21	valuation	valuation	NOUN
fbem-4349	84	22	method	method	NOUN
fbem-4349	84	23	.	.	PUNCT
fbem-4349	85	1	the	the	DET
fbem-4349	85	2	valuation	valuation	NOUN
fbem-4349	85	3	of	of	ADP
fbem-4349	85	4	asset	asset	NOUN
fbem-4349	85	5	-	-	PUNCT
fbem-4349	85	6	light	light	NOUN
fbem-4349	85	7	is	be	AUX
fbem-4349	85	8	different	different	ADJ
fbem-4349	85	9	from	from	ADP
fbem-4349	85	10	other	other	ADJ
fbem-4349	85	11	asset	asset	NOUN
fbem-4349	85	12	appraisals	appraisal	NOUN
fbem-4349	85	13	that	that	PRON
fbem-4349	85	14	can	can	AUX
fbem-4349	85	15	be	be	AUX
fbem-4349	85	16	measured	measure	VERB
fbem-4349	85	17	accurately	accurately	ADV
fbem-4349	85	18	.	.	PUNCT
fbem-4349	86	1	more	more	ADJ
fbem-4349	86	2	and	and	CCONJ
fbem-4349	86	3	more	more	ADV
fbem-4349	86	4	complex	complex	ADJ
fbem-4349	86	5	factors	factor	NOUN
fbem-4349	86	6	need	need	VERB
fbem-4349	86	7	to	to	PART
fbem-4349	86	8	be	be	AUX
fbem-4349	86	9	considered.the	considered.the	X
fbem-4349	86	10	impairment	impairment	ADJ
fbem-4349	86	11	risk	risk	NOUN
fbem-4349	86	12	of	of	ADP
fbem-4349	86	13	m&a	m&a	PROPN
fbem-4349	86	14	goodwill	goodwill	NOUN
fbem-4349	86	15	due	due	ADP
fbem-4349	86	16	to	to	ADP
fbem-4349	86	17	information	information	NOUN
fbem-4349	86	18	asymmetry	asymmetry	NOUN
fbem-4349	86	19	.	.	PUNCT
fbem-4349	87	1	thirdly	thirdly	ADV
fbem-4349	87	2	,	,	PUNCT
fbem-4349	87	3	due	due	ADP
fbem-4349	87	4	to	to	ADP
fbem-4349	87	5	the	the	DET
fbem-4349	87	6	difficulty	difficulty	NOUN
fbem-4349	87	7	in	in	ADP
fbem-4349	87	8	evaluation	evaluation	NOUN
fbem-4349	87	9	,	,	PUNCT
fbem-4349	87	10	the	the	DET
fbem-4349	87	11	acquirer	acquirer	NOUN
fbem-4349	87	12	may	may	AUX
fbem-4349	87	13	find	find	VERB
fbem-4349	87	14	it	it	PRON
fbem-4349	87	15	difficult	difficult	ADJ
fbem-4349	87	16	to	to	PART
fbem-4349	87	17	obtain	obtain	VERB
fbem-4349	87	18	the	the	DET
fbem-4349	87	19	real	real	ADJ
fbem-4349	87	20	financial	financial	ADJ
fbem-4349	87	21	information	information	NOUN
fbem-4349	87	22	of	of	ADP
fbem-4349	87	23	the	the	DET
fbem-4349	87	24	acquired	acquire	VERB
fbem-4349	87	25	party	party	NOUN
fbem-4349	87	26	,	,	PUNCT
fbem-4349	87	27	and	and	CCONJ
fbem-4349	87	28	the	the	DET
fbem-4349	87	29	acquired	acquire	VERB
fbem-4349	87	30	party	party	NOUN
fbem-4349	87	31	may	may	AUX
fbem-4349	87	32	maliciously	maliciously	ADV
fbem-4349	87	33	raise	raise	VERB
fbem-4349	87	34	the	the	DET
fbem-4349	87	35	acquisition	acquisition	NOUN
fbem-4349	87	36	consideration	consideration	NOUN
fbem-4349	87	37	price	price	NOUN
fbem-4349	87	38	.	.	PUNCT
fbem-4349	88	1	therefore	therefore	ADV
fbem-4349	88	2	,	,	PUNCT
fbem-4349	88	3	the	the	DET
fbem-4349	88	4	evaluation	evaluation	NOUN
fbem-4349	88	5	institution	institution	NOUN
fbem-4349	88	6	must	must	AUX
fbem-4349	88	7	take	take	VERB
fbem-4349	88	8	a	a	DET
fbem-4349	88	9	cautious	cautious	ADJ
fbem-4349	88	10	attitude	attitude	NOUN
fbem-4349	88	11	to	to	PART
fbem-4349	88	12	verify	verify	VERB
fbem-4349	88	13	the	the	DET
fbem-4349	88	14	financial	financial	ADJ
fbem-4349	88	15	data	datum	NOUN
fbem-4349	88	16	provided	provide	VERB
fbem-4349	88	17	by	by	ADP
fbem-4349	88	18	the	the	DET
fbem-4349	88	19	acquired	acquire	VERB
fbem-4349	88	20	party	party	NOUN
fbem-4349	88	21	and	and	CCONJ
fbem-4349	88	22	make	make	VERB
fbem-4349	88	23	a	a	DET
fbem-4349	88	24	fair	fair	ADJ
fbem-4349	88	25	evaluation	evaluation	NOUN
fbem-4349	88	26	.	.	PUNCT
fbem-4349	89	1	finally	finally	ADV
fbem-4349	89	2	,	,	PUNCT
fbem-4349	89	3	in	in	ADP
fbem-4349	89	4	the	the	DET
fbem-4349	89	5	evaluation	evaluation	NOUN
fbem-4349	89	6	process	process	NOUN
fbem-4349	89	7	,	,	PUNCT
fbem-4349	89	8	the	the	DET
fbem-4349	89	9	evaluator	evaluator	NOUN
fbem-4349	89	10	should	should	AUX
fbem-4349	89	11	take	take	VERB
fbem-4349	89	12	the	the	DET
fbem-4349	89	13	situation	situation	NOUN
fbem-4349	89	14	of	of	ADP
fbem-4349	89	15	the	the	DET
fbem-4349	89	16	acquired	acquire	VERB
fbem-4349	89	17	party	party	NOUN
fbem-4349	89	18	into	into	ADP
fbem-4349	89	19	full	full	ADJ
fbem-4349	89	20	consideration	consideration	NOUN
fbem-4349	89	21	,	,	PUNCT
fbem-4349	89	22	not	not	PART
fbem-4349	89	23	only	only	ADV
fbem-4349	89	24	the	the	DET
fbem-4349	89	25	reliability	reliability	NOUN
fbem-4349	89	26	of	of	ADP
fbem-4349	89	27	relevant	relevant	ADJ
fbem-4349	89	28	financial	financial	ADJ
fbem-4349	89	29	data	datum	NOUN
fbem-4349	89	30	,	,	PUNCT
fbem-4349	89	31	but	but	CCONJ
fbem-4349	89	32	also	also	ADV
fbem-4349	89	33	the	the	DET
fbem-4349	89	34	non	non	ADJ
fbem-4349	89	35	-	-	ADJ
fbem-4349	89	36	financial	financial	ADJ
fbem-4349	89	37	information	information	NOUN
fbem-4349	89	38	of	of	ADP
fbem-4349	89	39	the	the	DET
fbem-4349	89	40	integrated	integrate	VERB
fbem-4349	89	41	business	business	NOUN
fbem-4349	89	42	,	,	PUNCT
fbem-4349	89	43	especially	especially	ADV
fbem-4349	89	44	the	the	DET
fbem-4349	89	45	internal	internal	ADJ
fbem-4349	89	46	product	product	NOUN
fbem-4349	89	47	structure	structure	NOUN
fbem-4349	89	48	,	,	PUNCT
fbem-4349	89	49	core	core	NOUN
fbem-4349	89	50	competitiveness	competitiveness	NOUN
fbem-4349	89	51	and	and	CCONJ
fbem-4349	89	52	development	development	NOUN
fbem-4349	89	53	direction	direction	NOUN
fbem-4349	89	54	of	of	ADP
fbem-4349	89	55	the	the	DET
fbem-4349	89	56	company	company	NOUN
fbem-4349	89	57	.	.	PUNCT
fbem-4349	90	1	5.3	5.3	NUM
fbem-4349	90	2	.	.	PUNCT
fbem-4349	90	3	correctly	correctly	ADV
fbem-4349	90	4	view	view	VERB
fbem-4349	90	5	and	and	CCONJ
fbem-4349	90	6	sign	sign	VERB
fbem-4349	90	7	reasonable	reasonable	ADJ
fbem-4349	90	8	performance	performance	NOUN
fbem-4349	90	9	commitments	commitment	NOUN
fbem-4349	90	10	.	.	PUNCT
fbem-4349	91	1	at	at	ADP
fbem-4349	91	2	present	present	ADJ
fbem-4349	91	3	,	,	PUNCT
fbem-4349	91	4	one	one	NUM
fbem-4349	91	5	of	of	ADP
fbem-4349	91	6	the	the	DET
fbem-4349	91	7	important	important	ADJ
fbem-4349	91	8	reasons	reason	NOUN
fbem-4349	91	9	for	for	ADP
fbem-4349	91	10	the	the	DET
fbem-4349	91	11	impairment	impairment	NOUN
fbem-4349	91	12	of	of	ADP
fbem-4349	91	13	huge	huge	ADJ
fbem-4349	91	14	goodwill	goodwill	NOUN
fbem-4349	91	15	is	be	AUX
fbem-4349	91	16	that	that	SCONJ
fbem-4349	91	17	the	the	DET
fbem-4349	91	18	acquired	acquire	VERB
fbem-4349	91	19	party	party	NOUN
fbem-4349	91	20	can	can	AUX
fbem-4349	91	21	not	not	PART
fbem-4349	91	22	fulfill	fulfill	VERB
fbem-4349	91	23	its	its	PRON
fbem-4349	91	24	performance	performance	NOUN
fbem-4349	91	25	commitment	commitment	NOUN
fbem-4349	91	26	.	.	PUNCT
fbem-4349	92	1	high	high	ADJ
fbem-4349	92	2	performance	performance	NOUN
fbem-4349	92	3	commitment	commitment	NOUN
fbem-4349	92	4	increases	increase	VERB
fbem-4349	92	5	the	the	DET
fbem-4349	92	6	acquisition	acquisition	NOUN
fbem-4349	92	7	premium	premium	NOUN
fbem-4349	92	8	of	of	ADP
fbem-4349	92	9	the	the	DET
fbem-4349	92	10	acquired	acquire	VERB
fbem-4349	92	11	party	party	NOUN
fbem-4349	92	12	to	to	ADP
fbem-4349	92	13	a	a	DET
fbem-4349	92	14	large	large	ADJ
fbem-4349	92	15	extent	extent	NOUN
fbem-4349	92	16	and	and	CCONJ
fbem-4349	92	17	raises	raise	VERB
fbem-4349	92	18	the	the	DET
fbem-4349	92	19	valuation	valuation	NOUN
fbem-4349	92	20	of	of	ADP
fbem-4349	92	21	the	the	DET
fbem-4349	92	22	acquired	acquire	VERB
fbem-4349	92	23	party	party	NOUN
fbem-4349	92	24	.	.	PUNCT
fbem-4349	93	1	performance	performance	NOUN
fbem-4349	93	2	commitment	commitment	NOUN
fbem-4349	93	3	plays	play	VERB
fbem-4349	93	4	a	a	DET
fbem-4349	93	5	key	key	ADJ
fbem-4349	93	6	role	role	NOUN
fbem-4349	93	7	in	in	ADP
fbem-4349	93	8	the	the	DET
fbem-4349	93	9	merger	merger	NOUN
fbem-4349	93	10	and	and	CCONJ
fbem-4349	93	11	acquisition	acquisition	NOUN
fbem-4349	93	12	of	of	ADP
fbem-4349	93	13	enterprises	enterprise	NOUN
fbem-4349	93	14	,	,	PUNCT
fbem-4349	93	15	so	so	SCONJ
fbem-4349	93	16	we	we	PRON
fbem-4349	93	17	should	should	AUX
fbem-4349	93	18	treat	treat	VERB
fbem-4349	93	19	the	the	DET
fbem-4349	93	20	performance	performance	NOUN
fbem-4349	93	21	commitment	commitment	NOUN
fbem-4349	93	22	rationally	rationally	ADV
fbem-4349	93	23	,	,	PUNCT
fbem-4349	93	24	should	should	AUX
fbem-4349	93	25	not	not	PART
fbem-4349	93	26	easily	easily	ADV
fbem-4349	93	27	believe	believe	VERB
fbem-4349	93	28	the	the	DET
fbem-4349	93	29	signed	sign	VERB
fbem-4349	93	30	performance	performance	NOUN
fbem-4349	93	31	commitment	commitment	NOUN
fbem-4349	93	32	,	,	PUNCT
fbem-4349	93	33	and	and	CCONJ
fbem-4349	93	34	do	do	AUX
fbem-4349	93	35	not	not	PART
fbem-4349	93	36	fully	fully	ADV
fbem-4349	93	37	believe	believe	VERB
fbem-4349	93	38	the	the	DET
fbem-4349	93	39	performance	performance	NOUN
fbem-4349	93	40	of	of	ADP
fbem-4349	93	41	the	the	DET
fbem-4349	93	42	acquired	acquire	VERB
fbem-4349	93	43	enterprise	enterprise	NOUN
fbem-4349	93	44	,	,	PUNCT
fbem-4349	93	45	the	the	DET
fbem-4349	93	46	full	full	ADJ
fbem-4349	93	47	play	play	NOUN
fbem-4349	93	48	of	of	ADP
fbem-4349	93	49	synergies	synergy	NOUN
fbem-4349	93	50	after	after	SCONJ
fbem-4349	93	51	the	the	DET
fbem-4349	93	52	merger	merger	NOUN
fbem-4349	93	53	can	can	AUX
fbem-4349	93	54	avoid	avoid	VERB
fbem-4349	93	55	the	the	DET
fbem-4349	93	56	risk	risk	NOUN
fbem-4349	93	57	of	of	ADP
fbem-4349	93	58	goodwill	goodwill	NOUN
fbem-4349	93	59	impairment	impairment	NOUN
fbem-4349	93	60	.	.	PUNCT
fbem-4349	94	1	when	when	SCONJ
fbem-4349	94	2	signing	sign	VERB
fbem-4349	94	3	a	a	DET
fbem-4349	94	4	reasonable	reasonable	ADJ
fbem-4349	94	5	performance	performance	NOUN
fbem-4349	94	6	commitment	commitment	NOUN
fbem-4349	94	7	agreement	agreement	NOUN
fbem-4349	94	8	,	,	PUNCT
fbem-4349	94	9	at	at	ADP
fbem-4349	94	10	least	least	ADJ
fbem-4349	94	11	the	the	DET
fbem-4349	94	12	following	follow	VERB
fbem-4349	94	13	two	two	NUM
fbem-4349	94	14	aspects	aspect	NOUN
fbem-4349	94	15	should	should	AUX
fbem-4349	94	16	be	be	AUX
fbem-4349	94	17	considered	consider	VERB
fbem-4349	94	18	:	:	PUNCT
fbem-4349	94	19	first	first	ADV
fbem-4349	94	20	,	,	PUNCT
fbem-4349	94	21	the	the	DET
fbem-4349	94	22	performance	performance	NOUN
fbem-4349	94	23	promised	promise	VERB
fbem-4349	94	24	by	by	ADP
fbem-4349	94	25	the	the	DET
fbem-4349	94	26	acquirer	acquirer	NOUN
fbem-4349	94	27	is	be	AUX
fbem-4349	94	28	consistent	consistent	ADJ
fbem-4349	94	29	with	with	ADP
fbem-4349	94	30	its	its	PRON
fbem-4349	94	31	daily	daily	ADJ
fbem-4349	94	32	profitability	profitability	NOUN
fbem-4349	94	33	;	;	PUNCT
fbem-4349	94	34	second	second	ADJ
fbem-4349	94	35	,	,	PUNCT
fbem-4349	94	36	to	to	PART
fbem-4349	94	37	ensure	ensure	VERB
fbem-4349	94	38	that	that	SCONJ
fbem-4349	94	39	accountability	accountability	NOUN
fbem-4349	94	40	mechanisms	mechanism	NOUN
fbem-4349	94	41	are	be	AUX
fbem-4349	94	42	clear	clear	ADJ
fbem-4349	94	43	,	,	PUNCT
fbem-4349	94	44	performance	performance	NOUN
fbem-4349	94	45	pledges	pledge	NOUN
fbem-4349	94	46	must	must	AUX
fbem-4349	94	47	not	not	PART
fbem-4349	94	48	be	be	AUX
fbem-4349	94	49	accompanied	accompany	VERB
fbem-4349	94	50	by	by	ADP
fbem-4349	94	51	other	other	ADJ
fbem-4349	94	52	backstop	backstop	NOUN
fbem-4349	94	53	agreements	agreement	NOUN
fbem-4349	94	54	.	.	PUNCT
fbem-4349	95	1	only	only	ADV
fbem-4349	95	2	by	by	ADP
fbem-4349	95	3	making	make	VERB
fbem-4349	95	4	objective	objective	ADJ
fbem-4349	95	5	,	,	PUNCT
fbem-4349	95	6	real	real	ADJ
fbem-4349	95	7	and	and	CCONJ
fbem-4349	95	8	achievable	achievable	ADJ
fbem-4349	95	9	performance	performance	NOUN
fbem-4349	95	10	commitments	commitment	NOUN
fbem-4349	95	11	can	can	AUX
fbem-4349	95	12	the	the	DET
fbem-4349	95	13	acquisition	acquisition	NOUN
fbem-4349	95	14	better	well	ADV
fbem-4349	95	15	ensure	ensure	VERB
fbem-4349	95	16	the	the	DET
fbem-4349	95	17	positive	positive	ADJ
fbem-4349	95	18	impact	impact	NOUN
fbem-4349	95	19	of	of	ADP
fbem-4349	95	20	the	the	DET
fbem-4349	95	21	merger	merger	NOUN
fbem-4349	95	22	on	on	ADP
fbem-4349	95	23	both	both	DET
fbem-4349	95	24	parties	party	NOUN
fbem-4349	95	25	and	and	CCONJ
fbem-4349	95	26	avoid	avoid	VERB
fbem-4349	95	27	the	the	DET
fbem-4349	95	28	risk	risk	NOUN
fbem-4349	95	29	of	of	ADP
fbem-4349	95	30	goodwill	goodwill	NOUN
fbem-4349	95	31	impairment	impairment	NOUN
fbem-4349	95	32	.	.	PUNCT
fbem-4349	96	1	5.4	5.4	NUM
fbem-4349	96	2	.	.	X
fbem-4349	96	3	optimize	optimize	VERB
fbem-4349	96	4	the	the	DET
fbem-4349	96	5	subsequent	subsequent	ADJ
fbem-4349	96	6	impairment	impairment	ADJ
fbem-4349	96	7	test	test	NOUN
fbem-4349	96	8	of	of	ADP
fbem-4349	96	9	goodwill	goodwill	NOUN
fbem-4349	96	10	.	.	PUNCT
fbem-4349	97	1	due	due	ADP
fbem-4349	97	2	to	to	ADP
fbem-4349	97	3	the	the	DET
fbem-4349	97	4	unique	unique	ADJ
fbem-4349	97	5	characteristics	characteristic	NOUN
fbem-4349	97	6	of	of	ADP
fbem-4349	97	7	asset	asset	NOUN
fbem-4349	97	8	-	-	PUNCT
fbem-4349	97	9	light	light	NOUN
fbem-4349	97	10	enterprises	enterprise	NOUN
fbem-4349	97	11	,	,	PUNCT
fbem-4349	97	12	the	the	DET
fbem-4349	97	13	testing	testing	NOUN
fbem-4349	97	14	of	of	ADP
fbem-4349	97	15	goodwill	goodwill	NOUN
fbem-4349	97	16	impairment	impairment	NOUN
fbem-4349	97	17	at	at	ADP
fbem-4349	97	18	the	the	DET
fbem-4349	97	19	end	end	NOUN
fbem-4349	97	20	of	of	ADP
fbem-4349	97	21	the	the	DET
fbem-4349	97	22	period	period	NOUN
fbem-4349	97	23	is	be	AUX
fbem-4349	97	24	easy	easy	ADJ
fbem-4349	97	25	to	to	PART
fbem-4349	97	26	generate	generate	VERB
fbem-4349	97	27	high	high	ADJ
fbem-4349	97	28	goodwill	goodwill	NOUN
fbem-4349	97	29	in	in	ADP
fbem-4349	97	30	the	the	DET
fbem-4349	97	31	process	process	NOUN
fbem-4349	97	32	of	of	ADP
fbem-4349	97	33	merger	merger	NOUN
fbem-4349	97	34	and	and	CCONJ
fbem-4349	97	35	acquisition	acquisition	NOUN
fbem-4349	97	36	,	,	PUNCT
fbem-4349	97	37	but	but	CCONJ
fbem-4349	97	38	the	the	DET
fbem-4349	97	39	testing	testing	NOUN
fbem-4349	97	40	method	method	NOUN
fbem-4349	97	41	is	be	AUX
fbem-4349	97	42	highly	highly	ADV
fbem-4349	97	43	independent	independent	ADJ
fbem-4349	97	44	,	,	PUNCT
fbem-4349	97	45	difficult	difficult	ADJ
fbem-4349	97	46	,	,	PUNCT
fbem-4349	97	47	not	not	PART
fbem-4349	97	48	transparent	transparent	ADJ
fbem-4349	97	49	and	and	CCONJ
fbem-4349	97	50	controllable	controllable	ADJ
fbem-4349	97	51	,	,	PUNCT
fbem-4349	97	52	and	and	CCONJ
fbem-4349	97	53	it	it	PRON
fbem-4349	97	54	is	be	AUX
fbem-4349	97	55	relatively	relatively	ADV
fbem-4349	97	56	easy	easy	ADJ
fbem-4349	97	57	to	to	PART
fbem-4349	97	58	make	make	VERB
fbem-4349	97	59	use	use	NOUN
fbem-4349	97	60	of	of	ADP
fbem-4349	97	61	the	the	DET
fbem-4349	97	62	loopholes	loophole	NOUN
fbem-4349	97	63	in	in	ADP
fbem-4349	97	64	the	the	DET
fbem-4349	97	65	provisions	provision	NOUN
fbem-4349	97	66	of	of	ADP
fbem-4349	97	67	goodwill	goodwill	NOUN
fbem-4349	97	68	impairment	impairment	NOUN
fbem-4349	97	69	to	to	PART
fbem-4349	97	70	conduct	conduct	VERB
fbem-4349	97	71	earnings	earning	NOUN
fbem-4349	97	72	management	management	NOUN
fbem-4349	97	73	on	on	ADP
fbem-4349	97	74	corporate	corporate	ADJ
fbem-4349	97	75	profits	profit	NOUN
fbem-4349	97	76	.	.	PUNCT
fbem-4349	98	1	therefore	therefore	ADV
fbem-4349	98	2	,	,	PUNCT
fbem-4349	98	3	it	it	PRON
fbem-4349	98	4	is	be	AUX
fbem-4349	98	5	very	very	ADV
fbem-4349	98	6	necessary	necessary	ADJ
fbem-4349	98	7	to	to	PART
fbem-4349	98	8	perfect	perfect	VERB
fbem-4349	98	9	the	the	DET
fbem-4349	98	10	subsequent	subsequent	ADJ
fbem-4349	98	11	impairment	impairment	ADJ
fbem-4349	98	12	test	test	NOUN
fbem-4349	98	13	of	of	ADP
fbem-4349	98	14	goodwill	goodwill	NOUN
fbem-4349	98	15	.	.	PUNCT
fbem-4349	99	1	the	the	DET
fbem-4349	99	2	value	value	NOUN
fbem-4349	99	3	of	of	ADP
fbem-4349	99	4	goodwill	goodwill	NOUN
fbem-4349	99	5	before	before	ADP
fbem-4349	99	6	goodwill	goodwill	NOUN
fbem-4349	99	7	impairment	impairment	NOUN
fbem-4349	99	8	should	should	AUX
fbem-4349	99	9	be	be	AUX
fbem-4349	99	10	amortized	amortize	VERB
fbem-4349	99	11	in	in	ADP
fbem-4349	99	12	reasonable	reasonable	ADJ
fbem-4349	99	13	stages	stage	NOUN
fbem-4349	99	14	.	.	PUNCT
fbem-4349	100	1	once	once	SCONJ
fbem-4349	100	2	goodwill	goodwill	NOUN
fbem-4349	100	3	impairment	impairment	NOUN
fbem-4349	100	4	occurs	occur	VERB
fbem-4349	100	5	,	,	PUNCT
fbem-4349	100	6	a	a	DET
fbem-4349	100	7	series	series	NOUN
fbem-4349	100	8	of	of	ADP
fbem-4349	100	9	processing	processing	NOUN
fbem-4349	100	10	of	of	ADP
fbem-4349	100	11	"	"	PUNCT
fbem-4349	100	12	goodwill	goodwill	NOUN
fbem-4349	100	13	impairment	impairment	NOUN
fbem-4349	100	14	"	"	PUNCT
fbem-4349	100	15	should	should	AUX
fbem-4349	100	16	be	be	AUX
fbem-4349	100	17	done	do	VERB
fbem-4349	100	18	.	.	PUNCT
fbem-4349	101	1	to	to	ADP
fbem-4349	101	2	a	a	DET
fbem-4349	101	3	certain	certain	ADJ
fbem-4349	101	4	extent	extent	NOUN
fbem-4349	101	5	,	,	PUNCT
fbem-4349	101	6	amortization	amortization	NOUN
fbem-4349	101	7	by	by	ADP
fbem-4349	101	8	installment	installment	NOUN
fbem-4349	101	9	can	can	AUX
fbem-4349	101	10	reduce	reduce	VERB
fbem-4349	101	11	the	the	DET
fbem-4349	101	12	intangible	intangible	ADJ
fbem-4349	101	13	assets	asset	NOUN
fbem-4349	101	14	recognized	recognize	VERB
fbem-4349	101	15	as	as	ADP
fbem-4349	101	16	goodwill	goodwill	NOUN
fbem-4349	101	17	to	to	ADP
fbem-4349	101	18	the	the	DET
fbem-4349	101	19	corporate	corporate	ADJ
fbem-4349	101	20	profits.under	profits.under	NOUN
fbem-4349	101	21	the	the	DET
fbem-4349	101	22	current	current	ADJ
fbem-4349	101	23	method	method	NOUN
fbem-4349	101	24	,	,	PUNCT
fbem-4349	101	25	it	it	PRON
fbem-4349	101	26	can	can	AUX
fbem-4349	101	27	compress	compress	VERB
fbem-4349	101	28	the	the	DET
fbem-4349	101	29	autonomy	autonomy	NOUN
fbem-4349	101	30	space	space	NOUN
fbem-4349	101	31	of	of	ADP
fbem-4349	101	32	estimating	estimate	VERB
fbem-4349	101	33	the	the	DET
fbem-4349	101	34	expected	expect	VERB
fbem-4349	101	35	return	return	NOUN
fbem-4349	101	36	of	of	ADP
fbem-4349	101	37	the	the	DET
fbem-4349	101	38	enterprise	enterprise	NOUN
fbem-4349	101	39	,	,	PUNCT
fbem-4349	101	40	selecting	select	VERB
fbem-4349	101	41	the	the	DET
fbem-4349	101	42	time	time	NOUN
fbem-4349	101	43	point	point	NOUN
fbem-4349	101	44	of	of	ADP
fbem-4349	101	45	impairment	impairment	NOUN
fbem-4349	101	46	,	,	PUNCT
fbem-4349	101	47	and	and	CCONJ
fbem-4349	101	48	calculating	calculate	VERB
fbem-4349	101	49	and	and	CCONJ
fbem-4349	101	50	drawing	draw	VERB
fbem-4349	101	51	the	the	DET
fbem-4349	101	52	amount	amount	NOUN
fbem-4349	101	53	of	of	ADP
fbem-4349	101	54	impairment	impairment	NOUN
fbem-4349	101	55	,	,	PUNCT
fbem-4349	101	56	which	which	PRON
fbem-4349	101	57	will	will	AUX
fbem-4349	101	58	reduce	reduce	VERB
fbem-4349	101	59	the	the	DET
fbem-4349	101	60	autonomy	autonomy	NOUN
fbem-4349	101	61	of	of	ADP
fbem-4349	101	62	the	the	DET
fbem-4349	101	63	enterprise	enterprise	NOUN
fbem-4349	101	64	and	and	CCONJ
fbem-4349	101	65	fundamentally	fundamentally	ADV
fbem-4349	101	66	eliminate	eliminate	VERB
fbem-4349	101	67	the	the	DET
fbem-4349	101	68	idea	idea	NOUN
fbem-4349	101	69	that	that	SCONJ
fbem-4349	101	70	the	the	DET
fbem-4349	101	71	enterprise	enterprise	NOUN
fbem-4349	101	72	management	management	NOUN
fbem-4349	101	73	tries	try	VERB
fbem-4349	101	74	to	to	PART
fbem-4349	101	75	implement	implement	VERB
fbem-4349	101	76	earnings	earning	NOUN
fbem-4349	101	77	management	management	NOUN
fbem-4349	101	78	with	with	ADP
fbem-4349	101	79	the	the	DET
fbem-4349	101	80	help	help	NOUN
fbem-4349	101	81	of	of	ADP
fbem-4349	101	82	goodwill	goodwill	NOUN
fbem-4349	101	83	,	,	PUNCT
fbem-4349	101	84	so	so	SCONJ
fbem-4349	101	85	as	as	SCONJ
fbem-4349	101	86	to	to	PART
fbem-4349	101	87	achieve	achieve	VERB
fbem-4349	101	88	the	the	DET
fbem-4349	101	89	purpose	purpose	NOUN
fbem-4349	101	90	of	of	ADP
fbem-4349	101	91	reducing	reduce	VERB
fbem-4349	101	92	the	the	DET
fbem-4349	101	93	impairment	impairment	NOUN
fbem-4349	101	94	of	of	ADP
fbem-4349	101	95	goodwill	goodwill	NOUN
fbem-4349	101	96	.	.	PUNCT
fbem-4349	102	1	at	at	ADP
fbem-4349	102	2	the	the	DET
fbem-4349	102	3	same	same	ADJ
fbem-4349	102	4	time	time	NOUN
fbem-4349	102	5	,	,	PUNCT
fbem-4349	102	6	at	at	ADP
fbem-4349	102	7	the	the	DET
fbem-4349	102	8	beginning	beginning	NOUN
fbem-4349	102	9	of	of	ADP
fbem-4349	102	10	m&a	m&a	PROPN
fbem-4349	102	11	activities	activity	NOUN
fbem-4349	102	12	,	,	PUNCT
fbem-4349	102	13	the	the	DET
fbem-4349	102	14	acquirer	acquirer	NOUN
fbem-4349	102	15	will	will	AUX
fbem-4349	102	16	be	be	AUX
fbem-4349	102	17	more	more	ADV
fbem-4349	102	18	cautious	cautious	ADJ
fbem-4349	102	19	in	in	ADP
fbem-4349	102	20	the	the	DET
fbem-4349	102	21	valuation	valuation	NOUN
fbem-4349	102	22	of	of	ADP
fbem-4349	102	23	the	the	DET
fbem-4349	102	24	enterprise	enterprise	NOUN
fbem-4349	102	25	,	,	PUNCT
fbem-4349	102	26	so	so	SCONJ
fbem-4349	102	27	that	that	SCONJ
fbem-4349	102	28	the	the	DET
fbem-4349	102	29	goodwill	goodwill	NOUN
fbem-4349	102	30	generated	generate	VERB
fbem-4349	102	31	in	in	ADP
fbem-4349	102	32	m&a	m&a	PROPN
fbem-4349	102	33	activities	activity	NOUN
fbem-4349	102	34	return	return	VERB
fbem-4349	102	35	to	to	ADP
fbem-4349	102	36	reasonable	reasonable	ADJ
fbem-4349	102	37	.	.	PUNCT
fbem-4349	103	1	5.5	5.5	NUM
fbem-4349	103	2	.	.	PUNCT
fbem-4349	104	1	pay	pay	VERB
fbem-4349	104	2	attention	attention	NOUN
fbem-4349	104	3	to	to	ADP
fbem-4349	104	4	the	the	DET
fbem-4349	104	5	integration	integration	NOUN
fbem-4349	104	6	of	of	ADP
fbem-4349	104	7	resources	resource	NOUN
fbem-4349	104	8	after	after	ADP
fbem-4349	104	9	the	the	DET
fbem-4349	104	10	merger	merger	NOUN
fbem-4349	104	11	.	.	PUNCT
fbem-4349	105	1	merger	merger	NOUN
fbem-4349	105	2	and	and	CCONJ
fbem-4349	105	3	acquisition	acquisition	NOUN
fbem-4349	105	4	activity	activity	NOUN
fbem-4349	105	5	is	be	AUX
fbem-4349	105	6	the	the	DET
fbem-4349	105	7	most	most	ADV
fbem-4349	105	8	direct	direct	ADJ
fbem-4349	105	9	and	and	CCONJ
fbem-4349	105	10	effective	effective	ADJ
fbem-4349	105	11	way	way	NOUN
fbem-4349	105	12	to	to	PART
fbem-4349	105	13	improve	improve	VERB
fbem-4349	105	14	corporate	corporate	ADJ
fbem-4349	105	15	earnings	earning	NOUN
fbem-4349	105	16	and	and	CCONJ
fbem-4349	105	17	change	change	VERB
fbem-4349	105	18	the	the	DET
fbem-4349	105	19	main	main	ADJ
fbem-4349	105	20	business	business	NOUN
fbem-4349	105	21	items	item	NOUN
fbem-4349	105	22	of	of	ADP
fbem-4349	105	23	enterprises	enterprise	NOUN
fbem-4349	105	24	.	.	PUNCT
fbem-4349	106	1	its	its	PRON
fbem-4349	106	2	purpose	purpose	NOUN
fbem-4349	106	3	is	be	AUX
fbem-4349	106	4	to	to	PART
fbem-4349	106	5	realize	realize	VERB
fbem-4349	106	6	resource	resource	NOUN
fbem-4349	106	7	complementarity	complementarity	NOUN
fbem-4349	106	8	and	and	CCONJ
fbem-4349	106	9	development	development	NOUN
fbem-4349	106	10	with	with	ADP
fbem-4349	106	11	the	the	DET
fbem-4349	106	12	help	help	NOUN
fbem-4349	106	13	of	of	ADP
fbem-4349	106	14	high	high	ADJ
fbem-4349	106	15	-	-	PUNCT
fbem-4349	106	16	quality	quality	NOUN
fbem-4349	106	17	resources	resource	NOUN
fbem-4349	106	18	.	.	PUNCT
fbem-4349	107	1	if	if	SCONJ
fbem-4349	107	2	the	the	DET
fbem-4349	107	3	acquirer	acquirer	NOUN
fbem-4349	107	4	fails	fail	VERB
fbem-4349	107	5	to	to	PART
fbem-4349	107	6	integrate	integrate	VERB
fbem-4349	107	7	resources	resource	NOUN
fbem-4349	107	8	in	in	ADP
fbem-4349	107	9	a	a	DET
fbem-4349	107	10	timely	timely	ADJ
fbem-4349	107	11	and	and	CCONJ
fbem-4349	107	12	effective	effective	ADJ
fbem-4349	107	13	manner	manner	NOUN
fbem-4349	107	14	,	,	PUNCT
fbem-4349	107	15	it	it	PRON
fbem-4349	107	16	will	will	AUX
fbem-4349	107	17	eventually	eventually	ADV
fbem-4349	107	18	lead	lead	VERB
fbem-4349	107	19	to	to	ADP
fbem-4349	107	20	the	the	DET
fbem-4349	107	21	loss	loss	NOUN
fbem-4349	107	22	of	of	ADP
fbem-4349	107	23	resources	resource	NOUN
fbem-4349	107	24	,	,	PUNCT
fbem-4349	107	25	loss	loss	NOUN
fbem-4349	107	26	of	of	ADP
fbem-4349	107	27	competitiveness	competitiveness	NOUN
fbem-4349	107	28	and	and	CCONJ
fbem-4349	107	29	9	9	NUM
fbem-4349	107	30	enterprise	enterprise	NOUN
fbem-4349	107	31	depreciation	depreciation	NOUN
fbem-4349	107	32	of	of	ADP
fbem-4349	107	33	the	the	DET
fbem-4349	107	34	acquirer	acquirer	NOUN
fbem-4349	107	35	,	,	PUNCT
fbem-4349	107	36	resulting	result	VERB
fbem-4349	107	37	in	in	ADP
fbem-4349	107	38	a	a	DET
fbem-4349	107	39	large	large	ADJ
fbem-4349	107	40	amount	amount	NOUN
fbem-4349	107	41	of	of	ADP
fbem-4349	107	42	goodwill	goodwill	NOUN
fbem-4349	107	43	impairment	impairment	NOUN
fbem-4349	107	44	.	.	PUNCT
fbem-4349	108	1	merger	merger	NOUN
fbem-4349	108	2	and	and	CCONJ
fbem-4349	108	3	acquisition	acquisition	NOUN
fbem-4349	108	4	is	be	AUX
fbem-4349	108	5	not	not	PART
fbem-4349	108	6	only	only	ADV
fbem-4349	108	7	limited	limit	VERB
fbem-4349	108	8	to	to	ADP
fbem-4349	108	9	the	the	DET
fbem-4349	108	10	completion	completion	NOUN
fbem-4349	108	11	of	of	ADP
fbem-4349	108	12	the	the	DET
fbem-4349	108	13	merger	merger	NOUN
fbem-4349	108	14	plan	plan	NOUN
fbem-4349	108	15	,	,	PUNCT
fbem-4349	108	16	but	but	CCONJ
fbem-4349	108	17	also	also	ADV
fbem-4349	108	18	the	the	DET
fbem-4349	108	19	subsequent	subsequent	ADJ
fbem-4349	108	20	resource	resource	NOUN
fbem-4349	108	21	integration	integration	NOUN
fbem-4349	108	22	is	be	AUX
fbem-4349	108	23	very	very	ADV
fbem-4349	108	24	important	important	ADJ
fbem-4349	108	25	.	.	PUNCT
fbem-4349	109	1	strengthening	strengthen	VERB
fbem-4349	109	2	the	the	DET
fbem-4349	109	3	resource	resource	NOUN
fbem-4349	109	4	integration	integration	NOUN
fbem-4349	109	5	after	after	SCONJ
fbem-4349	109	6	merger	merger	NOUN
fbem-4349	109	7	can	can	AUX
fbem-4349	109	8	achieve	achieve	VERB
fbem-4349	109	9	the	the	DET
fbem-4349	109	10	purpose	purpose	NOUN
fbem-4349	109	11	of	of	ADP
fbem-4349	109	12	enterprise	enterprise	NOUN
fbem-4349	109	13	value	value	NOUN
fbem-4349	109	14	-	-	PUNCT
fbem-4349	109	15	added	add	VERB
fbem-4349	109	16	and	and	CCONJ
fbem-4349	109	17	reduce	reduce	VERB
fbem-4349	109	18	the	the	DET
fbem-4349	109	19	risk	risk	NOUN
fbem-4349	109	20	of	of	ADP
fbem-4349	109	21	merger	merger	NOUN
fbem-4349	109	22	and	and	CCONJ
fbem-4349	109	23	acquisition	acquisition	NOUN
fbem-4349	109	24	.	.	PUNCT
fbem-4349	110	1	resources	resource	NOUN
fbem-4349	110	2	can	can	AUX
fbem-4349	110	3	be	be	AUX
fbem-4349	110	4	integrated	integrate	VERB
fbem-4349	110	5	from	from	ADP
fbem-4349	110	6	product	product	NOUN
fbem-4349	110	7	brand	brand	NOUN
fbem-4349	110	8	,	,	PUNCT
fbem-4349	110	9	human	human	ADJ
fbem-4349	110	10	resources	resource	NOUN
fbem-4349	110	11	,	,	PUNCT
fbem-4349	110	12	research	research	NOUN
fbem-4349	110	13	and	and	CCONJ
fbem-4349	110	14	development	development	NOUN
fbem-4349	110	15	technology	technology	NOUN
fbem-4349	110	16	,	,	PUNCT
fbem-4349	110	17	corporate	corporate	ADJ
fbem-4349	110	18	culture	culture	NOUN
fbem-4349	110	19	and	and	CCONJ
fbem-4349	110	20	other	other	ADJ
fbem-4349	110	21	aspects	aspect	NOUN
fbem-4349	110	22	.	.	PUNCT
fbem-4349	111	1	when	when	SCONJ
fbem-4349	111	2	selecting	select	VERB
fbem-4349	111	3	the	the	DET
fbem-4349	111	4	enterprise	enterprise	NOUN
fbem-4349	111	5	to	to	PART
fbem-4349	111	6	be	be	AUX
fbem-4349	111	7	acquired	acquire	VERB
fbem-4349	111	8	,	,	PUNCT
fbem-4349	111	9	we	we	PRON
fbem-4349	111	10	should	should	AUX
fbem-4349	111	11	give	give	VERB
fbem-4349	111	12	priority	priority	NOUN
fbem-4349	111	13	to	to	ADP
fbem-4349	111	14	the	the	DET
fbem-4349	111	15	industry	industry	NOUN
fbem-4349	111	16	and	and	CCONJ
fbem-4349	111	17	market	market	NOUN
fbem-4349	111	18	environment	environment	NOUN
fbem-4349	111	19	,	,	PUNCT
fbem-4349	111	20	select	select	VERB
fbem-4349	111	21	the	the	DET
fbem-4349	111	22	acquisition	acquisition	NOUN
fbem-4349	111	23	target	target	NOUN
fbem-4349	111	24	from	from	ADP
fbem-4349	111	25	our	our	PRON
fbem-4349	111	26	own	own	ADJ
fbem-4349	111	27	perspective	perspective	NOUN
fbem-4349	111	28	,	,	PUNCT
fbem-4349	111	29	coordinate	coordinate	VERB
fbem-4349	111	30	and	and	CCONJ
fbem-4349	111	31	integrate	integrate	VERB
fbem-4349	111	32	the	the	DET
fbem-4349	111	33	strategic	strategic	ADJ
fbem-4349	111	34	target	target	NOUN
fbem-4349	111	35	according	accord	VERB
fbem-4349	111	36	to	to	ADP
fbem-4349	111	37	the	the	DET
fbem-4349	111	38	future	future	ADJ
fbem-4349	111	39	development	development	NOUN
fbem-4349	111	40	direction	direction	NOUN
fbem-4349	111	41	,	,	PUNCT
fbem-4349	111	42	so	so	SCONJ
fbem-4349	111	43	that	that	SCONJ
fbem-4349	111	44	the	the	DET
fbem-4349	111	45	synergistic	synergistic	ADJ
fbem-4349	111	46	effect	effect	NOUN
fbem-4349	111	47	can	can	AUX
fbem-4349	111	48	play	play	VERB
fbem-4349	111	49	the	the	DET
fbem-4349	111	50	maximum	maximum	ADJ
fbem-4349	111	51	role	role	NOUN
fbem-4349	111	52	.	.	PUNCT
fbem-4349	112	1	5.6	5.6	NUM
fbem-4349	112	2	.	.	PUNCT
fbem-4349	113	1	intensify	intensify	VERB
fbem-4349	113	2	external	external	ADJ
fbem-4349	113	3	oversight	oversight	NOUN
fbem-4349	113	4	.	.	PUNCT
fbem-4349	114	1	the	the	DET
fbem-4349	114	2	most	most	ADV
fbem-4349	114	3	important	important	ADJ
fbem-4349	114	4	way	way	NOUN
fbem-4349	114	5	to	to	PART
fbem-4349	114	6	avoid	avoid	VERB
fbem-4349	114	7	the	the	DET
fbem-4349	114	8	risk	risk	NOUN
fbem-4349	114	9	of	of	ADP
fbem-4349	114	10	goodwill	goodwill	NOUN
fbem-4349	114	11	impairment	impairment	NOUN
fbem-4349	114	12	is	be	AUX
fbem-4349	114	13	to	to	PART
fbem-4349	114	14	fundamentally	fundamentally	ADV
fbem-4349	114	15	control	control	VERB
fbem-4349	114	16	the	the	DET
fbem-4349	114	17	generation	generation	NOUN
fbem-4349	114	18	of	of	ADP
fbem-4349	114	19	huge	huge	ADJ
fbem-4349	114	20	goodwill	goodwill	NOUN
fbem-4349	114	21	and	and	CCONJ
fbem-4349	114	22	strive	strive	VERB
fbem-4349	114	23	to	to	PART
fbem-4349	114	24	curb	curb	VERB
fbem-4349	114	25	"	"	PUNCT
fbem-4349	114	26	high	high	ADJ
fbem-4349	114	27	premium	premium	NOUN
fbem-4349	114	28	"	"	PUNCT
fbem-4349	114	29	mergers	merger	NOUN
fbem-4349	114	30	and	and	CCONJ
fbem-4349	114	31	acquisitions	acquisition	NOUN
fbem-4349	114	32	.	.	PUNCT
fbem-4349	115	1	accounting	accounting	NOUN
fbem-4349	115	2	firms	firm	NOUN
fbem-4349	115	3	should	should	AUX
fbem-4349	115	4	pay	pay	VERB
fbem-4349	115	5	more	more	ADJ
fbem-4349	115	6	attention	attention	NOUN
fbem-4349	115	7	to	to	ADP
fbem-4349	115	8	the	the	DET
fbem-4349	115	9	asset	asset	NOUN
fbem-4349	115	10	-	-	PUNCT
fbem-4349	115	11	light	light	NOUN
fbem-4349	115	12	enterprises	enterprise	NOUN
fbem-4349	115	13	with	with	ADP
fbem-4349	115	14	relatively	relatively	ADV
fbem-4349	115	15	large	large	ADJ
fbem-4349	115	16	amount	amount	NOUN
fbem-4349	115	17	of	of	ADP
fbem-4349	115	18	goodwill	goodwill	NOUN
fbem-4349	115	19	at	at	ADP
fbem-4349	115	20	the	the	DET
fbem-4349	115	21	end	end	NOUN
fbem-4349	115	22	of	of	ADP
fbem-4349	115	23	the	the	DET
fbem-4349	115	24	period	period	NOUN
fbem-4349	115	25	,	,	PUNCT
fbem-4349	115	26	and	and	CCONJ
fbem-4349	115	27	check	check	VERB
fbem-4349	115	28	whether	whether	SCONJ
fbem-4349	115	29	the	the	DET
fbem-4349	115	30	confirmed	confirm	VERB
fbem-4349	115	31	goodwill	goodwill	NOUN
fbem-4349	115	32	and	and	CCONJ
fbem-4349	115	33	the	the	DET
fbem-4349	115	34	amount	amount	NOUN
fbem-4349	115	35	of	of	ADP
fbem-4349	115	36	impairment	impairment	ADJ
fbem-4349	115	37	provision	provision	NOUN
fbem-4349	115	38	are	be	AUX
fbem-4349	115	39	accurate	accurate	ADJ
fbem-4349	115	40	and	and	CCONJ
fbem-4349	115	41	reasonable	reasonable	ADJ
fbem-4349	115	42	.	.	PUNCT
fbem-4349	116	1	important	important	ADJ
fbem-4349	116	2	participants	participant	NOUN
fbem-4349	116	3	,	,	PUNCT
fbem-4349	116	4	including	include	VERB
fbem-4349	116	5	the	the	DET
fbem-4349	116	6	firm	firm	NOUN
fbem-4349	116	7	,	,	PUNCT
fbem-4349	116	8	should	should	AUX
fbem-4349	116	9	conscientiously	conscientiously	ADV
fbem-4349	116	10	perform	perform	VERB
fbem-4349	116	11	their	their	PRON
fbem-4349	116	12	duties	duty	NOUN
fbem-4349	116	13	.	.	PUNCT
fbem-4349	117	1	evaluation	evaluation	NOUN
fbem-4349	117	2	institutions	institution	NOUN
fbem-4349	117	3	should	should	AUX
fbem-4349	117	4	accept	accept	VERB
fbem-4349	117	5	stricter	strict	ADJ
fbem-4349	117	6	supervision	supervision	NOUN
fbem-4349	117	7	,	,	PUNCT
fbem-4349	117	8	maintain	maintain	VERB
fbem-4349	117	9	independence	independence	NOUN
fbem-4349	117	10	in	in	ADP
fbem-4349	117	11	the	the	DET
fbem-4349	117	12	process	process	NOUN
fbem-4349	117	13	of	of	ADP
fbem-4349	117	14	enterprise	enterprise	NOUN
fbem-4349	117	15	merger	merger	NOUN
fbem-4349	117	16	and	and	CCONJ
fbem-4349	117	17	acquisition	acquisition	NOUN
fbem-4349	117	18	,	,	PUNCT
fbem-4349	117	19	avoid	avoid	VERB
fbem-4349	117	20	possible	possible	ADJ
fbem-4349	117	21	insider	insider	NOUN
fbem-4349	117	22	trading	trading	NOUN
fbem-4349	117	23	and	and	CCONJ
fbem-4349	117	24	artificial	artificial	ADJ
fbem-4349	117	25	manipulation	manipulation	NOUN
fbem-4349	117	26	,	,	PUNCT
fbem-4349	117	27	and	and	CCONJ
fbem-4349	117	28	make	make	VERB
fbem-4349	117	29	real	real	ADJ
fbem-4349	117	30	judgments	judgment	NOUN
fbem-4349	117	31	according	accord	VERB
fbem-4349	117	32	to	to	ADP
fbem-4349	117	33	the	the	DET
fbem-4349	117	34	actual	actual	ADJ
fbem-4349	117	35	situation	situation	NOUN
fbem-4349	117	36	,	,	PUNCT
fbem-4349	117	37	so	so	SCONJ
fbem-4349	117	38	as	as	SCONJ
fbem-4349	117	39	to	to	PART
fbem-4349	117	40	prevent	prevent	VERB
fbem-4349	117	41	excessive	excessive	ADJ
fbem-4349	117	42	accumulation	accumulation	NOUN
fbem-4349	117	43	and	and	CCONJ
fbem-4349	117	44	huge	huge	ADJ
fbem-4349	117	45	amount	amount	NOUN
fbem-4349	117	46	of	of	ADP
fbem-4349	117	47	unreasonable	unreasonable	ADJ
fbem-4349	117	48	goodwill	goodwill	NOUN
fbem-4349	117	49	.	.	PUNCT
fbem-4349	118	1	the	the	DET
fbem-4349	118	2	impairment	impairment	NOUN
fbem-4349	118	3	of	of	ADP
fbem-4349	118	4	goodwill	goodwill	NOUN
fbem-4349	118	5	,	,	PUNCT
fbem-4349	118	6	appraisers	appraiser	NOUN
fbem-4349	118	7	need	need	VERB
fbem-4349	118	8	to	to	PART
fbem-4349	118	9	take	take	VERB
fbem-4349	118	10	responsibility	responsibility	NOUN
fbem-4349	118	11	for	for	ADP
fbem-4349	118	12	their	their	PRON
fbem-4349	118	13	own	own	ADJ
fbem-4349	118	14	judgments	judgment	NOUN
fbem-4349	118	15	and	and	CCONJ
fbem-4349	118	16	increase	increase	VERB
fbem-4349	118	17	their	their	PRON
fbem-4349	118	18	sense	sense	NOUN
fbem-4349	118	19	of	of	ADP
fbem-4349	118	20	responsibility	responsibility	NOUN
fbem-4349	118	21	to	to	PART
fbem-4349	118	22	ensure	ensure	VERB
fbem-4349	118	23	that	that	SCONJ
fbem-4349	118	24	companies	company	NOUN
fbem-4349	118	25	are	be	AUX
fbem-4349	118	26	valued	value	VERB
fbem-4349	118	27	prudently	prudently	ADV
fbem-4349	118	28	and	and	CCONJ
fbem-4349	118	29	reasonably	reasonably	ADV
fbem-4349	118	30	.	.	PUNCT
fbem-4349	119	1	before	before	ADP
fbem-4349	119	2	the	the	DET
fbem-4349	119	3	merger	merger	NOUN
fbem-4349	119	4	and	and	CCONJ
fbem-4349	119	5	acquisition	acquisition	NOUN
fbem-4349	119	6	,	,	PUNCT
fbem-4349	119	7	the	the	DET
fbem-4349	119	8	regulatory	regulatory	ADJ
fbem-4349	119	9	department	department	NOUN
fbem-4349	119	10	should	should	AUX
fbem-4349	119	11	immediately	immediately	ADV
fbem-4349	119	12	send	send	VERB
fbem-4349	119	13	a	a	DET
fbem-4349	119	14	letter	letter	NOUN
fbem-4349	119	15	to	to	PART
fbem-4349	119	16	inquire	inquire	VERB
fbem-4349	119	17	the	the	DET
fbem-4349	119	18	parties	party	NOUN
fbem-4349	119	19	of	of	ADP
fbem-4349	119	20	the	the	DET
fbem-4349	119	21	merger	merger	NOUN
fbem-4349	119	22	about	about	ADP
fbem-4349	119	23	the	the	DET
fbem-4349	119	24	inconsistence	inconsistence	NOUN
fbem-4349	119	25	in	in	ADP
fbem-4349	119	26	the	the	DET
fbem-4349	119	27	performance	performance	NOUN
fbem-4349	119	28	promises	promise	NOUN
fbem-4349	119	29	.	.	PUNCT
fbem-4349	120	1	unless	unless	SCONJ
fbem-4349	120	2	there	there	PRON
fbem-4349	120	3	is	be	VERB
fbem-4349	120	4	real	real	ADJ
fbem-4349	120	5	evidence	evidence	NOUN
fbem-4349	120	6	to	to	PART
fbem-4349	120	7	support	support	VERB
fbem-4349	120	8	such	such	ADJ
fbem-4349	120	9	inconsistence	inconsistence	NOUN
fbem-4349	120	10	,	,	PUNCT
fbem-4349	120	11	the	the	DET
fbem-4349	120	12	implementation	implementation	NOUN
fbem-4349	120	13	of	of	ADP
fbem-4349	120	14	the	the	DET
fbem-4349	120	15	merger	merger	NOUN
fbem-4349	120	16	and	and	CCONJ
fbem-4349	120	17	acquisition	acquisition	NOUN
fbem-4349	120	18	should	should	AUX
fbem-4349	120	19	be	be	AUX
fbem-4349	120	20	canceled	cancel	VERB
fbem-4349	120	21	.	.	PUNCT
fbem-4349	121	1	the	the	DET
fbem-4349	121	2	regulatory	regulatory	ADJ
fbem-4349	121	3	authorities	authority	NOUN
fbem-4349	121	4	must	must	AUX
fbem-4349	121	5	improve	improve	VERB
fbem-4349	121	6	the	the	DET
fbem-4349	121	7	attention	attention	NOUN
fbem-4349	121	8	and	and	CCONJ
fbem-4349	121	9	supervision	supervision	NOUN
fbem-4349	121	10	of	of	ADP
fbem-4349	121	11	mergers	merger	NOUN
fbem-4349	121	12	and	and	CCONJ
fbem-4349	121	13	acquisitions	acquisition	NOUN
fbem-4349	121	14	with	with	ADP
fbem-4349	121	15	high	high	ADJ
fbem-4349	121	16	performance	performance	NOUN
fbem-4349	121	17	commitments	commitment	NOUN
fbem-4349	121	18	and	and	CCONJ
fbem-4349	121	19	severely	severely	ADV
fbem-4349	121	20	punish	punish	VERB
fbem-4349	121	21	those	those	DET
fbem-4349	121	22	enterprises	enterprise	NOUN
fbem-4349	121	23	that	that	PRON
fbem-4349	121	24	change	change	VERB
fbem-4349	121	25	or	or	CCONJ
fbem-4349	121	26	evade	evade	VERB
fbem-4349	121	27	performance	performance	NOUN
fbem-4349	121	28	commitments	commitment	NOUN
fbem-4349	121	29	without	without	ADP
fbem-4349	121	30	authorization	authorization	NOUN
fbem-4349	121	31	.	.	PUNCT
fbem-4349	122	1	6	6	X
fbem-4349	122	2	.	.	X
fbem-4349	122	3	conclusion	conclusion	NOUN
fbem-4349	122	4	to	to	PART
fbem-4349	122	5	sum	sum	VERB
fbem-4349	122	6	up	up	ADP
fbem-4349	122	7	,	,	PUNCT
fbem-4349	122	8	m&a	m&a	PROPN
fbem-4349	122	9	with	with	ADP
fbem-4349	122	10	a	a	DET
fbem-4349	122	11	high	high	ADJ
fbem-4349	122	12	premium	premium	NOUN
fbem-4349	122	13	is	be	AUX
fbem-4349	122	14	bound	bind	VERB
fbem-4349	122	15	to	to	PART
fbem-4349	122	16	cause	cause	VERB
fbem-4349	122	17	high	high	ADJ
fbem-4349	122	18	impairment	impairment	ADJ
fbem-4349	122	19	risk	risk	NOUN
fbem-4349	122	20	,	,	PUNCT
fbem-4349	122	21	especially	especially	ADV
fbem-4349	122	22	in	in	ADP
fbem-4349	122	23	the	the	DET
fbem-4349	122	24	asset	asset	NOUN
fbem-4349	122	25	-	-	PUNCT
fbem-4349	122	26	light	light	NOUN
fbem-4349	122	27	industry	industry	NOUN
fbem-4349	122	28	,	,	PUNCT
fbem-4349	122	29	where	where	SCONJ
fbem-4349	122	30	the	the	DET
fbem-4349	122	31	high	high	ADJ
fbem-4349	122	32	premium	premium	NOUN
fbem-4349	122	33	generated	generate	VERB
fbem-4349	122	34	after	after	ADP
fbem-4349	122	35	m&a	m&a	PROPN
fbem-4349	122	36	is	be	AUX
fbem-4349	122	37	seriously	seriously	ADV
fbem-4349	122	38	inconsistent	inconsistent	ADJ
fbem-4349	122	39	with	with	ADP
fbem-4349	122	40	the	the	DET
fbem-4349	122	41	actual	actual	ADJ
fbem-4349	122	42	value	value	NOUN
fbem-4349	122	43	,	,	PUNCT
fbem-4349	122	44	which	which	PRON
fbem-4349	122	45	will	will	AUX
fbem-4349	122	46	be	be	AUX
fbem-4349	122	47	followed	follow	VERB
fbem-4349	122	48	by	by	ADP
fbem-4349	122	49	a	a	DET
fbem-4349	122	50	huge	huge	ADJ
fbem-4349	122	51	amount	amount	NOUN
fbem-4349	122	52	of	of	ADP
fbem-4349	122	53	goodwill	goodwill	NOUN
fbem-4349	122	54	impairment	impairment	NOUN
fbem-4349	122	55	,	,	PUNCT
fbem-4349	122	56	which	which	PRON
fbem-4349	122	57	will	will	AUX
fbem-4349	122	58	exist	exist	VERB
fbem-4349	122	59	due	due	ADP
fbem-4349	122	60	to	to	ADP
fbem-4349	122	61	the	the	DET
fbem-4349	122	62	existence	existence	NOUN
fbem-4349	122	63	of	of	ADP
fbem-4349	122	64	a	a	DET
fbem-4349	122	65	high	high	ADJ
fbem-4349	122	66	premium	premium	NOUN
fbem-4349	122	67	.	.	PUNCT
fbem-4349	123	1	the	the	PRON
fbem-4349	123	2	higher	high	ADJ
fbem-4349	123	3	the	the	DET
fbem-4349	123	4	premium	premium	NOUN
fbem-4349	123	5	,	,	PUNCT
fbem-4349	123	6	the	the	PRON
fbem-4349	123	7	greater	great	ADJ
fbem-4349	123	8	the	the	DET
fbem-4349	123	9	risk	risk	NOUN
fbem-4349	123	10	of	of	ADP
fbem-4349	123	11	impairment	impairment	NOUN
fbem-4349	123	12	.	.	PUNCT
fbem-4349	124	1	a	a	DET
fbem-4349	124	2	large	large	ADJ
fbem-4349	124	3	amount	amount	NOUN
fbem-4349	124	4	of	of	ADP
fbem-4349	124	5	goodwill	goodwill	NOUN
fbem-4349	124	6	impairment	impairment	NOUN
fbem-4349	124	7	will	will	AUX
fbem-4349	124	8	eventually	eventually	ADV
fbem-4349	124	9	lead	lead	VERB
fbem-4349	124	10	to	to	ADP
fbem-4349	124	11	the	the	DET
fbem-4349	124	12	business	business	NOUN
fbem-4349	124	13	performance	performance	NOUN
fbem-4349	124	14	of	of	ADP
fbem-4349	124	15	the	the	DET
fbem-4349	124	16	enterprise	enterprise	NOUN
fbem-4349	124	17	is	be	AUX
fbem-4349	124	18	not	not	PART
fbem-4349	124	19	good	good	ADJ
fbem-4349	124	20	,	,	PUNCT
fbem-4349	124	21	loss	loss	NOUN
fbem-4349	124	22	of	of	ADP
fbem-4349	124	23	profitability	profitability	NOUN
fbem-4349	124	24	and	and	CCONJ
fbem-4349	124	25	many	many	ADJ
fbem-4349	124	26	other	other	ADJ
fbem-4349	124	27	serious	serious	ADJ
fbem-4349	124	28	economic	economic	ADJ
fbem-4349	124	29	consequences	consequence	NOUN
fbem-4349	124	30	.	.	PUNCT
fbem-4349	125	1	due	due	ADP
fbem-4349	125	2	to	to	ADP
fbem-4349	125	3	many	many	ADJ
fbem-4349	125	4	complex	complex	ADJ
fbem-4349	125	5	factors	factor	NOUN
fbem-4349	125	6	,	,	PUNCT
fbem-4349	125	7	the	the	DET
fbem-4349	125	8	expected	expect	VERB
fbem-4349	125	9	synergies	synergy	NOUN
fbem-4349	125	10	can	can	AUX
fbem-4349	125	11	not	not	PART
fbem-4349	125	12	be	be	AUX
fbem-4349	125	13	achieved	achieve	VERB
fbem-4349	125	14	in	in	ADP
fbem-4349	125	15	m&a	m&a	PROPN
fbem-4349	125	16	.	.	PUNCT
fbem-4349	126	1	therefore	therefore	ADV
fbem-4349	126	2	,	,	PUNCT
fbem-4349	126	3	if	if	SCONJ
fbem-4349	126	4	the	the	DET
fbem-4349	126	5	asset	asset	NOUN
fbem-4349	126	6	-	-	PUNCT
fbem-4349	126	7	light	light	NOUN
fbem-4349	126	8	industry	industry	NOUN
fbem-4349	126	9	makes	make	VERB
fbem-4349	126	10	good	good	ADJ
fbem-4349	126	11	use	use	NOUN
fbem-4349	126	12	of	of	ADP
fbem-4349	126	13	the	the	DET
fbem-4349	126	14	"	"	PUNCT
fbem-4349	126	15	double	double	ADJ
fbem-4349	126	16	-	-	PUNCT
fbem-4349	126	17	edged	edge	VERB
fbem-4349	126	18	sword	sword	NOUN
fbem-4349	126	19	"	"	PUNCT
fbem-4349	126	20	of	of	ADP
fbem-4349	126	21	m&a	m&a	PROPN
fbem-4349	126	22	,	,	PUNCT
fbem-4349	126	23	it	it	PRON
fbem-4349	126	24	can	can	AUX
fbem-4349	126	25	be	be	AUX
fbem-4349	126	26	fully	fully	ADV
fbem-4349	126	27	aware	aware	ADJ
fbem-4349	126	28	of	of	ADP
fbem-4349	126	29	the	the	DET
fbem-4349	126	30	risks	risk	NOUN
fbem-4349	126	31	of	of	ADP
fbem-4349	126	32	m&a	m&a	PROPN
fbem-4349	126	33	and	and	CCONJ
fbem-4349	126	34	make	make	VERB
fbem-4349	126	35	prudent	prudent	ADJ
fbem-4349	126	36	decisions	decision	NOUN
fbem-4349	126	37	.	.	PUNCT
fbem-4349	127	1	paying	pay	VERB
fbem-4349	127	2	attention	attention	NOUN
fbem-4349	127	3	to	to	ADP
fbem-4349	127	4	resource	resource	NOUN
fbem-4349	127	5	integration	integration	NOUN
fbem-4349	127	6	after	after	SCONJ
fbem-4349	127	7	m&a	m&a	PROPN
fbem-4349	127	8	can	can	AUX
fbem-4349	127	9	effectively	effectively	ADV
fbem-4349	127	10	prevent	prevent	VERB
fbem-4349	127	11	the	the	DET
fbem-4349	127	12	risk	risk	NOUN
fbem-4349	127	13	of	of	ADP
fbem-4349	127	14	goodwill	goodwill	NOUN
fbem-4349	127	15	impairment	impairment	NOUN
fbem-4349	127	16	and	and	CCONJ
fbem-4349	127	17	timely	timely	ADJ
fbem-4349	127	18	deal	deal	NOUN
fbem-4349	127	19	with	with	ADP
fbem-4349	127	20	other	other	ADJ
fbem-4349	127	21	possible	possible	ADJ
fbem-4349	127	22	m&a	m&a	PROPN
fbem-4349	127	23	risks	risk	NOUN
fbem-4349	127	24	.	.	PUNCT
fbem-4349	128	1	acknowledgment	acknowledgment	NOUN
fbem-4349	128	2	fundamental	fundamental	ADJ
fbem-4349	128	3	project	project	NOUN
fbem-4349	128	4	:	:	PUNCT
fbem-4349	128	5	auhui	auhui	PROPN
fbem-4349	128	6	university	university	PROPN
fbem-4349	128	7	of	of	ADP
fbem-4349	128	8	finance	finance	PROPN
fbem-4349	128	9	and	and	CCONJ
fbem-4349	128	10	economics	economic	NOUN
fbem-4349	128	11	postgraduate	postgraduate	PROPN
fbem-4349	128	12	research	research	NOUN
fbem-4349	128	13	innovation	innovation	NOUN
fbem-4349	128	14	fund	fund	NOUN
fbem-4349	128	15	project	project	NOUN
fbem-4349	128	16	(	(	PUNCT
fbem-4349	128	17	acyc2021513	acyc2021513	PROPN
fbem-4349	128	18	)	)	PUNCT
fbem-4349	128	19	references	reference	NOUN
fbem-4349	128	20	[	[	X
fbem-4349	128	21	1	1	NUM
fbem-4349	128	22	]	]	X
fbem-4349	128	23	liu	liu	PROPN
fbem-4349	128	24	liangliang	liangliang	PROPN
fbem-4349	128	25	.	.	PUNCT
fbem-4349	129	1	“	"	PUNCT
fbem-4349	129	2	an	an	DET
fbem-4349	129	3	analysis	analysis	NOUN
fbem-4349	129	4	of	of	ADP
fbem-4349	129	5	the	the	DET
fbem-4349	129	6	goodwill	goodwill	NOUN
fbem-4349	129	7	issues	issue	NOUN
fbem-4349	129	8	caused	cause	VERB
fbem-4349	129	9	by	by	ADP
fbem-4349	129	10	the	the	DET
fbem-4349	129	11	merger	merger	NOUN
fbem-4349	129	12	and	and	CCONJ
fbem-4349	129	13	acquisition	acquisition	NOUN
fbem-4349	129	14	of	of	ADP
fbem-4349	129	15	asset	asset	NOUN
fbem-4349	129	16	-	-	PUNCT
fbem-4349	129	17	light	light	NOUN
fbem-4349	129	18	enterprises”[j	enterprises”[j	NOUN
fbem-4349	129	19	]	]	PUNCT
fbem-4349	129	20	.	.	PUNCT
fbem-4349	130	1	manage	manage	VERB
fbem-4349	130	2	world	world	NOUN
fbem-4349	130	3	.	.	PUNCT
fbem-4349	131	1	2017(10):19	2017(10):19	NUM
fbem-4349	131	2	-	-	SYM
fbem-4349	131	3	23	23	NUM
fbem-4349	131	4	.	.	PUNCT
fbem-4349	132	1	[	[	X
fbem-4349	132	2	2	2	NUM
fbem-4349	132	3	]	]	PUNCT
fbem-4349	132	4	zhu	zhu	PROPN
fbem-4349	132	5	yuzhan	yuzhan	PROPN
fbem-4349	132	6	,	,	PUNCT
fbem-4349	132	7	li	li	PROPN
fbem-4349	132	8	rongshan	rongshan	PROPN
fbem-4349	132	9	,	,	PUNCT
fbem-4349	132	10	guo	guo	PROPN
fbem-4349	132	11	yiwen	yiwen	PROPN
fbem-4349	132	12	,	,	PUNCT
fbem-4349	132	13	he	he	PRON
fbem-4349	132	14	wenmei	wenmei	ADJ
fbem-4349	132	15	.	.	PUNCT
fbem-4349	133	1	“	"	PUNCT
fbem-4349	133	2	analysis	analysis	NOUN
fbem-4349	133	3	on	on	ADP
fbem-4349	133	4	the	the	DET
fbem-4349	133	5	problem	problem	NOUN
fbem-4349	133	6	of	of	ADP
fbem-4349	133	7	large	large	ADJ
fbem-4349	133	8	amount	amount	NOUN
fbem-4349	133	9	of	of	ADP
fbem-4349	133	10	goodwill	goodwill	NOUN
fbem-4349	133	11	impairment	impairment	NOUN
fbem-4349	133	12	under	under	ADP
fbem-4349	133	13	high	high	ADJ
fbem-4349	133	14	premium	premium	NOUN
fbem-4349	133	15	mergers	merger	NOUN
fbem-4349	133	16	and	and	CCONJ
fbem-4349	133	17	acquisitions	acquisition	NOUN
fbem-4349	133	18	of	of	ADP
fbem-4349	133	19	listed	list	VERB
fbem-4349	133	20	companies”[j].market	companies”[j].market	NUM
fbem-4349	133	21	modernization	modernization	NOUN
fbem-4349	133	22	2020(09):124	2020(09):124	NUM
fbem-4349	133	23	-	-	SYM
fbem-4349	133	24	129	129	NUM
fbem-4349	133	25	.	.	PUNCT
fbem-4349	134	1	[	[	X
fbem-4349	134	2	3	3	X
fbem-4349	134	3	]	]	X
fbem-4349	134	4	fu	fu	PROPN
fbem-4349	134	5	yujie	yujie	PROPN
fbem-4349	134	6	,	,	PUNCT
fbem-4349	134	7	li	li	PROPN
fbem-4349	134	8	jinye	jinye	PROPN
fbem-4349	134	9	.	.	PUNCT
fbem-4349	135	1	“	"	PUNCT
fbem-4349	135	2	research	research	NOUN
fbem-4349	135	3	on	on	ADP
fbem-4349	135	4	goodwill	goodwill	NOUN
fbem-4349	135	5	accounting	accounting	NOUN
fbem-4349	135	6	issues	issue	NOUN
fbem-4349	135	7	of	of	ADP
fbem-4349	135	8	listed	list	VERB
fbem-4349	135	9	companies	company	NOUN
fbem-4349	135	10	'	'	PART
fbem-4349	135	11	high	high	ADJ
fbem-4349	135	12	-	-	PUNCT
fbem-4349	135	13	premium	premium	NOUN
fbem-4349	135	14	mergers	merger	NOUN
fbem-4349	135	15	and	and	CCONJ
fbem-4349	135	16	acquisitions	acquisition	NOUN
fbem-4349	135	17	”	"	PUNCT
fbem-4349	136	1	[	[	X
fbem-4349	136	2	j	j	X
fbem-4349	136	3	]	]	X
fbem-4349	136	4	.	.	PUNCT
fbem-4349	137	1	commercial	commercial	ADJ
fbem-4349	137	2	age	age	NOUN
fbem-4349	137	3	.	.	PUNCT
fbem-4349	138	1	2022(20):21	2022(20):21	NUM
fbem-4349	138	2	-	-	SYM
fbem-4349	138	3	22	22	NUM
fbem-4349	138	4	.	.	PUNCT
fbem-4349	139	1	[	[	X
fbem-4349	139	2	4	4	X
fbem-4349	139	3	]	]	X
fbem-4349	139	4	lu	lu	PROPN
fbem-4349	139	5	yi	yi	PROPN
fbem-4349	139	6	,	,	PUNCT
fbem-4349	139	7	qu	qu	PROPN
fbem-4349	139	8	xiaohui	xiaohui	PROPN
fbem-4349	139	9	.	.	PUNCT
fbem-4349	140	1	“	"	PUNCT
fbem-4349	140	2	the	the	DET
fbem-4349	140	3	motivation	motivation	NOUN
fbem-4349	140	4	for	for	ADP
fbem-4349	140	5	surplus	surplus	ADJ
fbem-4349	140	6	management	management	NOUN
fbem-4349	140	7	of	of	ADP
fbem-4349	140	8	goodwill	goodwill	NOUN
fbem-4349	140	9	impairment”[j	impairment”[j	X
fbem-4349	140	10	]	]	X
fbem-4349	140	11	.	.	PUNCT
fbem-4349	141	1	economic	economic	ADJ
fbem-4349	141	2	problems	problem	NOUN
fbem-4349	141	3	.	.	PUNCT
fbem-4349	142	1	2021	2021	NUM
fbem-4349	142	2	(	(	PUNCT
fbem-4349	142	3	07	07	NUM
fbem-4349	142	4	):	):	PUNCT
fbem-4349	142	5	48	48	NUM
fbem-4349	142	6	-	-	SYM
fbem-4349	142	7	51	51	NUM
fbem-4349	142	8	.	.	PUNCT
fbem-4349	143	1	[	[	X
fbem-4349	143	2	5	5	NUM
fbem-4349	143	3	]	]	PUNCT
fbem-4349	143	4	qi	qi	PROPN
fbem-4349	143	5	zihui	zihui	PROPN
fbem-4349	143	6	.	.	PUNCT
fbem-4349	144	1	“	"	PUNCT
fbem-4349	144	2	research	research	NOUN
fbem-4349	144	3	on	on	ADP
fbem-4349	144	4	goodwill	goodwill	NOUN
fbem-4349	144	5	accounting	accounting	NOUN
fbem-4349	144	6	issues	issue	NOUN
fbem-4349	144	7	of	of	ADP
fbem-4349	144	8	high	high	ADJ
fbem-4349	144	9	premium	premium	NOUN
fbem-4349	144	10	mergers	merger	NOUN
fbem-4349	144	11	and	and	CCONJ
fbem-4349	144	12	acquisitions	acquisition	NOUN
fbem-4349	144	13	of	of	ADP
fbem-4349	144	14	listed	list	VERB
fbem-4349	144	15	companies	company	NOUN
fbem-4349	144	16	”	"	PUNCT
fbem-4349	145	1	[	[	X
fbem-4349	145	2	j	j	X
fbem-4349	145	3	]	]	X
fbem-4349	145	4	.	.	PUNCT
fbem-4349	146	1	innovative	innovative	ADJ
fbem-4349	146	2	technology	technology	NOUN
fbem-4349	146	3	.	.	PUNCT
fbem-4349	147	1	2022(03):135	2022(03):135	X
fbem-4349	147	2	-	-	SYM
fbem-4349	147	3	137	137	NUM
fbem-4349	147	4	.	.	PUNCT