id	sid	tid	token	lemma	pos
fbem-4851	1	1	frontiers	frontier	NOUN
fbem-4851	1	2	in	in	ADP
fbem-4851	1	3	business	business	NOUN
fbem-4851	1	4	,	,	PUNCT
fbem-4851	1	5	economics	economic	NOUN
fbem-4851	1	6	and	and	CCONJ
fbem-4851	1	7	management	management	NOUN
fbem-4851	1	8	issn	issn	PROPN
fbem-4851	1	9	:	:	PUNCT
fbem-4851	1	10	2766	2766	NUM
fbem-4851	1	11	-	-	PUNCT
fbem-4851	1	12	824x	824x	NUM
fbem-4851	1	13	|	|	ADJ
fbem-4851	1	14	vol	vol	NOUN
fbem-4851	1	15	.	.	PUNCT
fbem-4851	2	1	7	7	NUM
fbem-4851	2	2	,	,	PUNCT
fbem-4851	2	3	no	no	INTJ
fbem-4851	2	4	.	.	NOUN
fbem-4851	2	5	2	2	NUM
fbem-4851	2	6	,	,	PUNCT
fbem-4851	2	7	2023	2023	NUM
fbem-4851	2	8	105	105	NUM
fbem-4851	2	9	literature	literature	NOUN
fbem-4851	2	10	review	review	NOUN
fbem-4851	2	11	of	of	ADP
fbem-4851	2	12	asset‐light	asset‐light	PROPN
fbem-4851	2	13	operation	operation	NOUN
fbem-4851	2	14	jiasen	jiasen	PROPN
fbem-4851	2	15	zhu1	zhu1	PROPN
fbem-4851	2	16	,	,	PUNCT
fbem-4851	2	17	*	*	PROPN
fbem-4851	2	18	,	,	PUNCT
fbem-4851	3	1	qiyang	qiyang	PROPN
fbem-4851	3	2	song2	song2	PROPN
fbem-4851	4	1	1school	1school	NUM
fbem-4851	4	2	of	of	ADP
fbem-4851	4	3	management	management	NOUN
fbem-4851	4	4	,	,	PUNCT
fbem-4851	4	5	shanghai	shanghai	PROPN
fbem-4851	4	6	university	university	PROPN
fbem-4851	4	7	,	,	PUNCT
fbem-4851	4	8	shanghai	shanghai	PROPN
fbem-4851	4	9	,	,	PUNCT
fbem-4851	4	10	china	china	PROPN
fbem-4851	4	11	2school	2school	NUM
fbem-4851	4	12	of	of	ADP
fbem-4851	4	13	management	management	NOUN
fbem-4851	4	14	,	,	PUNCT
fbem-4851	4	15	shanghai	shanghai	PROPN
fbem-4851	4	16	university	university	PROPN
fbem-4851	4	17	,	,	PUNCT
fbem-4851	4	18	shanghai	shanghai	PROPN
fbem-4851	4	19	,	,	PUNCT
fbem-4851	4	20	china	china	PROPN
fbem-4851	4	21	*	*	PUNCT
fbem-4851	4	22	corresponding	correspond	VERB
fbem-4851	4	23	author	author	NOUN
fbem-4851	4	24	:	:	PUNCT
fbem-4851	4	25	740614933@qq.com	740614933@qq.com	NUM
fbem-4851	4	26	abstract	abstract	NOUN
fbem-4851	4	27	:	:	PUNCT
fbem-4851	5	1	by	by	ADP
fbem-4851	5	2	combing	comb	VERB
fbem-4851	5	3	the	the	DET
fbem-4851	5	4	relevant	relevant	ADJ
fbem-4851	5	5	literature	literature	NOUN
fbem-4851	5	6	of	of	ADP
fbem-4851	5	7	asset	asset	NOUN
fbem-4851	5	8	-	-	PUNCT
fbem-4851	5	9	light	light	NOUN
fbem-4851	5	10	operation	operation	NOUN
fbem-4851	5	11	,	,	PUNCT
fbem-4851	5	12	this	this	DET
fbem-4851	5	13	paper	paper	NOUN
fbem-4851	5	14	can	can	AUX
fbem-4851	5	15	roughly	roughly	ADV
fbem-4851	5	16	divide	divide	VERB
fbem-4851	5	17	the	the	DET
fbem-4851	5	18	research	research	NOUN
fbem-4851	5	19	on	on	ADP
fbem-4851	5	20	asset	asset	NOUN
fbem-4851	5	21	-	-	PUNCT
fbem-4851	5	22	light	light	NOUN
fbem-4851	5	23	operation	operation	NOUN
fbem-4851	5	24	into	into	ADP
fbem-4851	5	25	the	the	DET
fbem-4851	5	26	following	follow	VERB
fbem-4851	5	27	three	three	NUM
fbem-4851	5	28	categories	category	NOUN
fbem-4851	5	29	:	:	PUNCT
fbem-4851	5	30	the	the	DET
fbem-4851	5	31	first	first	ADJ
fbem-4851	5	32	category	category	NOUN
fbem-4851	5	33	is	be	AUX
fbem-4851	5	34	the	the	DET
fbem-4851	5	35	research	research	NOUN
fbem-4851	5	36	on	on	ADP
fbem-4851	5	37	relevant	relevant	ADJ
fbem-4851	5	38	concepts	concept	NOUN
fbem-4851	5	39	and	and	CCONJ
fbem-4851	5	40	cases	case	NOUN
fbem-4851	5	41	of	of	ADP
fbem-4851	5	42	asset	asset	NOUN
fbem-4851	5	43	-	-	PUNCT
fbem-4851	5	44	light	light	NOUN
fbem-4851	5	45	operation	operation	NOUN
fbem-4851	5	46	;	;	PUNCT
fbem-4851	5	47	the	the	DET
fbem-4851	5	48	second	second	ADJ
fbem-4851	5	49	type	type	NOUN
fbem-4851	5	50	of	of	ADP
fbem-4851	5	51	research	research	NOUN
fbem-4851	5	52	focuses	focus	VERB
fbem-4851	5	53	on	on	ADP
fbem-4851	5	54	the	the	DET
fbem-4851	5	55	economic	economic	ADJ
fbem-4851	5	56	consequences	consequence	NOUN
fbem-4851	5	57	of	of	ADP
fbem-4851	5	58	asset	asset	NOUN
fbem-4851	5	59	-	-	PUNCT
fbem-4851	5	60	light	light	NOUN
fbem-4851	5	61	operation	operation	NOUN
fbem-4851	5	62	;	;	PUNCT
fbem-4851	5	63	the	the	DET
fbem-4851	5	64	third	third	ADJ
fbem-4851	5	65	category	category	NOUN
fbem-4851	5	66	is	be	AUX
fbem-4851	5	67	the	the	DET
fbem-4851	5	68	measurement	measurement	NOUN
fbem-4851	5	69	of	of	ADP
fbem-4851	5	70	asset	asset	NOUN
fbem-4851	5	71	-	-	PUNCT
fbem-4851	5	72	light	light	NOUN
fbem-4851	5	73	operation	operation	NOUN
fbem-4851	5	74	.	.	PUNCT
fbem-4851	6	1	keywords	keyword	NOUN
fbem-4851	6	2	:	:	PUNCT
fbem-4851	6	3	asset	asset	NOUN
fbem-4851	6	4	-	-	PUNCT
fbem-4851	6	5	light	light	NOUN
fbem-4851	6	6	operation	operation	NOUN
fbem-4851	6	7	,	,	PUNCT
fbem-4851	6	8	literature	literature	NOUN
fbem-4851	6	9	review	review	PROPN
fbem-4851	6	10	,	,	PUNCT
fbem-4851	6	11	resource	resource	NOUN
fbem-4851	6	12	allocation	allocation	NOUN
fbem-4851	6	13	.	.	PUNCT
fbem-4851	7	1	1	1	X
fbem-4851	7	2	.	.	X
fbem-4851	7	3	introduction	introduction	NOUN
fbem-4851	7	4	with	with	ADP
fbem-4851	7	5	the	the	DET
fbem-4851	7	6	deepening	deepening	NOUN
fbem-4851	7	7	of	of	ADP
fbem-4851	7	8	"	"	PUNCT
fbem-4851	7	9	internet	internet	NOUN
fbem-4851	7	10	plus	plus	CCONJ
fbem-4851	7	11	"	"	PUNCT
fbem-4851	7	12	and	and	CCONJ
fbem-4851	7	13	the	the	DET
fbem-4851	7	14	gradual	gradual	ADJ
fbem-4851	7	15	refinement	refinement	NOUN
fbem-4851	7	16	of	of	ADP
fbem-4851	7	17	vertical	vertical	ADJ
fbem-4851	7	18	division	division	NOUN
fbem-4851	7	19	of	of	ADP
fbem-4851	7	20	labor	labor	NOUN
fbem-4851	7	21	,	,	PUNCT
fbem-4851	7	22	traditional	traditional	ADJ
fbem-4851	7	23	asset	asset	NOUN
fbem-4851	7	24	heavy	heavy	ADJ
fbem-4851	7	25	operating	operating	NOUN
fbem-4851	7	26	enterprises	enterprise	NOUN
fbem-4851	7	27	are	be	AUX
fbem-4851	7	28	facing	face	VERB
fbem-4851	7	29	a	a	DET
fbem-4851	7	30	series	series	NOUN
fbem-4851	7	31	of	of	ADP
fbem-4851	7	32	problems	problem	NOUN
fbem-4851	7	33	such	such	ADJ
fbem-4851	7	34	as	as	ADP
fbem-4851	7	35	overcapacity	overcapacity	NOUN
fbem-4851	7	36	,	,	PUNCT
fbem-4851	7	37	rising	rise	VERB
fbem-4851	7	38	costs	cost	NOUN
fbem-4851	7	39	,	,	PUNCT
fbem-4851	7	40	and	and	CCONJ
fbem-4851	7	41	insufficient	insufficient	ADJ
fbem-4851	7	42	competitive	competitive	ADJ
fbem-4851	7	43	advantages	advantage	NOUN
fbem-4851	7	44	.	.	PUNCT
fbem-4851	8	1	more	more	ADJ
fbem-4851	8	2	and	and	CCONJ
fbem-4851	8	3	more	more	ADJ
fbem-4851	8	4	enterprises	enterprise	NOUN
fbem-4851	8	5	choose	choose	VERB
fbem-4851	8	6	to	to	PART
fbem-4851	8	7	transform	transform	VERB
fbem-4851	8	8	to	to	ADP
fbem-4851	8	9	asset	asset	NOUN
fbem-4851	8	10	light	light	ADJ
fbem-4851	8	11	operating	operating	NOUN
fbem-4851	8	12	mode	mode	NOUN
fbem-4851	8	13	.	.	PUNCT
fbem-4851	9	1	asset	asset	NOUN
fbem-4851	9	2	-	-	PUNCT
fbem-4851	9	3	light	light	NOUN
fbem-4851	9	4	operation	operation	NOUN
fbem-4851	9	5	means	mean	VERB
fbem-4851	9	6	that	that	SCONJ
fbem-4851	9	7	enterprises	enterprise	NOUN
fbem-4851	9	8	focus	focus	VERB
fbem-4851	9	9	on	on	ADP
fbem-4851	9	10	building	build	VERB
fbem-4851	9	11	soft	soft	ADJ
fbem-4851	9	12	strength	strength	NOUN
fbem-4851	9	13	assets	asset	NOUN
fbem-4851	9	14	in	in	ADP
fbem-4851	9	15	product	product	NOUN
fbem-4851	9	16	design	design	NOUN
fbem-4851	9	17	,	,	PUNCT
fbem-4851	9	18	marketing	marketing	NOUN
fbem-4851	9	19	channels	channel	NOUN
fbem-4851	9	20	,	,	PUNCT
fbem-4851	9	21	brand	brand	NOUN
fbem-4851	9	22	building	building	NOUN
fbem-4851	9	23	,	,	PUNCT
fbem-4851	9	24	customer	customer	NOUN
fbem-4851	9	25	management	management	NOUN
fbem-4851	9	26	and	and	CCONJ
fbem-4851	9	27	other	other	ADJ
fbem-4851	9	28	aspects	aspect	NOUN
fbem-4851	9	29	,	,	PUNCT
fbem-4851	9	30	transfer	transfer	VERB
fbem-4851	9	31	the	the	DET
fbem-4851	9	32	operation	operation	NOUN
fbem-4851	9	33	of	of	ADP
fbem-4851	9	34	business	business	NOUN
fbem-4851	9	35	links	link	NOUN
fbem-4851	9	36	that	that	PRON
fbem-4851	9	37	they	they	PRON
fbem-4851	9	38	do	do	AUX
fbem-4851	9	39	not	not	PART
fbem-4851	9	40	have	have	VERB
fbem-4851	9	41	advantages	advantage	NOUN
fbem-4851	9	42	or	or	CCONJ
fbem-4851	9	43	are	be	AUX
fbem-4851	9	44	difficult	difficult	ADJ
fbem-4851	9	45	to	to	PART
fbem-4851	9	46	manage	manage	VERB
fbem-4851	9	47	to	to	ADP
fbem-4851	9	48	partners	partner	NOUN
fbem-4851	9	49	,	,	PUNCT
fbem-4851	9	50	and	and	CCONJ
fbem-4851	9	51	reduce	reduce	VERB
fbem-4851	9	52	their	their	PRON
fbem-4851	9	53	own	own	ADJ
fbem-4851	9	54	investment	investment	NOUN
fbem-4851	9	55	and	and	CCONJ
fbem-4851	9	56	management	management	NOUN
fbem-4851	9	57	costs	cost	NOUN
fbem-4851	9	58	.	.	PUNCT
fbem-4851	10	1	under	under	ADP
fbem-4851	10	2	this	this	DET
fbem-4851	10	3	business	business	NOUN
fbem-4851	10	4	model	model	NOUN
fbem-4851	10	5	,	,	PUNCT
fbem-4851	10	6	enterprises	enterprise	NOUN
fbem-4851	10	7	do	do	AUX
fbem-4851	10	8	not	not	PART
fbem-4851	10	9	invest	invest	VERB
fbem-4851	10	10	in	in	ADP
fbem-4851	10	11	fixed	fix	VERB
fbem-4851	10	12	assets	asset	NOUN
fbem-4851	10	13	on	on	ADP
fbem-4851	10	14	a	a	DET
fbem-4851	10	15	large	large	ADJ
fbem-4851	10	16	scale	scale	NOUN
fbem-4851	10	17	.	.	PUNCT
fbem-4851	11	1	by	by	ADP
fbem-4851	11	2	outsourcing	outsource	VERB
fbem-4851	11	3	some	some	PRON
fbem-4851	11	4	or	or	CCONJ
fbem-4851	11	5	all	all	PRON
fbem-4851	11	6	of	of	ADP
fbem-4851	11	7	the	the	DET
fbem-4851	11	8	manufacturing	manufacture	VERB
fbem-4851	11	9	links	link	NOUN
fbem-4851	11	10	in	in	ADP
fbem-4851	11	11	which	which	PRON
fbem-4851	11	12	fixed	fix	VERB
fbem-4851	11	13	assets	asset	NOUN
fbem-4851	11	14	are	be	AUX
fbem-4851	11	15	invested	invest	VERB
fbem-4851	11	16	,	,	PUNCT
fbem-4851	11	17	and	and	CCONJ
fbem-4851	11	18	concentrating	concentrate	VERB
fbem-4851	11	19	resources	resource	NOUN
fbem-4851	11	20	on	on	ADP
fbem-4851	11	21	the	the	DET
fbem-4851	11	22	r&d	r&d	NOUN
fbem-4851	11	23	and	and	CCONJ
fbem-4851	11	24	sales	sale	NOUN
fbem-4851	11	25	links	link	NOUN
fbem-4851	11	26	of	of	ADP
fbem-4851	11	27	the	the	DET
fbem-4851	11	28	value	value	NOUN
fbem-4851	11	29	chain	chain	NOUN
fbem-4851	11	30	(	(	PUNCT
fbem-4851	11	31	sun	sun	PROPN
fbem-4851	11	32	li	li	PROPN
fbem-4851	11	33	and	and	CCONJ
fbem-4851	11	34	zhu	zhu	PROPN
fbem-4851	11	35	wuxiang	wuxiang	PROPN
fbem-4851	11	36	,	,	PUNCT
fbem-4851	11	37	2003	2003	NUM
fbem-4851	11	38	)	)	PUNCT
fbem-4851	11	39	,	,	PUNCT
fbem-4851	11	40	the	the	DET
fbem-4851	11	41	enterprise	enterprise	NOUN
fbem-4851	11	42	's	's	PART
fbem-4851	11	43	cash	cash	NOUN
fbem-4851	11	44	reserves	reserve	NOUN
fbem-4851	11	45	increase	increase	VERB
fbem-4851	11	46	and	and	CCONJ
fbem-4851	11	47	the	the	DET
fbem-4851	11	48	cash	cash	NOUN
fbem-4851	11	49	flow	flow	NOUN
fbem-4851	11	50	structure	structure	NOUN
fbem-4851	11	51	becomes	become	VERB
fbem-4851	11	52	more	more	ADV
fbem-4851	11	53	free	free	ADJ
fbem-4851	11	54	.	.	PUNCT
fbem-4851	12	1	according	accord	VERB
fbem-4851	12	2	to	to	ADP
fbem-4851	12	3	the	the	DET
fbem-4851	12	4	smile	smile	ADJ
fbem-4851	12	5	curve	curve	NOUN
fbem-4851	12	6	theory	theory	NOUN
fbem-4851	12	7	,	,	PUNCT
fbem-4851	12	8	the	the	DET
fbem-4851	12	9	global	global	ADJ
fbem-4851	12	10	industrial	industrial	ADJ
fbem-4851	12	11	chain	chain	NOUN
fbem-4851	12	12	can	can	AUX
fbem-4851	12	13	be	be	AUX
fbem-4851	12	14	divided	divide	VERB
fbem-4851	12	15	into	into	ADP
fbem-4851	12	16	three	three	NUM
fbem-4851	12	17	links	link	NOUN
fbem-4851	12	18	:	:	PUNCT
fbem-4851	12	19	product	product	NOUN
fbem-4851	12	20	development	development	NOUN
fbem-4851	12	21	,	,	PUNCT
fbem-4851	12	22	manufacturing	manufacturing	NOUN
fbem-4851	12	23	and	and	CCONJ
fbem-4851	12	24	processing	processing	NOUN
fbem-4851	12	25	,	,	PUNCT
fbem-4851	12	26	and	and	CCONJ
fbem-4851	12	27	circulation	circulation	NOUN
fbem-4851	12	28	.	.	PUNCT
fbem-4851	13	1	in	in	ADP
fbem-4851	13	2	the	the	DET
fbem-4851	13	3	industrial	industrial	ADJ
fbem-4851	13	4	chain	chain	NOUN
fbem-4851	13	5	,	,	PUNCT
fbem-4851	13	6	the	the	DET
fbem-4851	13	7	added	add	VERB
fbem-4851	13	8	value	value	NOUN
fbem-4851	13	9	is	be	AUX
fbem-4851	13	10	more	more	ADV
fbem-4851	13	11	reflected	reflect	VERB
fbem-4851	13	12	at	at	ADP
fbem-4851	13	13	both	both	DET
fbem-4851	13	14	ends	end	NOUN
fbem-4851	13	15	of	of	ADP
fbem-4851	13	16	r&d	r&d	NOUN
fbem-4851	13	17	and	and	CCONJ
fbem-4851	13	18	marketing	marketing	NOUN
fbem-4851	13	19	,	,	PUNCT
fbem-4851	13	20	and	and	CCONJ
fbem-4851	13	21	the	the	DET
fbem-4851	13	22	added	add	VERB
fbem-4851	13	23	value	value	NOUN
fbem-4851	13	24	of	of	ADP
fbem-4851	13	25	manufacturing	manufacturing	NOUN
fbem-4851	13	26	and	and	CCONJ
fbem-4851	13	27	processing	processing	NOUN
fbem-4851	13	28	in	in	ADP
fbem-4851	13	29	the	the	DET
fbem-4851	13	30	middle	middle	NOUN
fbem-4851	13	31	is	be	AUX
fbem-4851	13	32	very	very	ADV
fbem-4851	13	33	low	low	ADJ
fbem-4851	13	34	.	.	PUNCT
fbem-4851	14	1	due	due	ADP
fbem-4851	14	2	to	to	ADP
fbem-4851	14	3	the	the	DET
fbem-4851	14	4	lack	lack	NOUN
fbem-4851	14	5	of	of	ADP
fbem-4851	14	6	core	core	NOUN
fbem-4851	14	7	technology	technology	NOUN
fbem-4851	14	8	,	,	PUNCT
fbem-4851	14	9	enterprises	enterprise	NOUN
fbem-4851	14	10	in	in	ADP
fbem-4851	14	11	developing	develop	VERB
fbem-4851	14	12	countries	country	NOUN
fbem-4851	14	13	can	can	AUX
fbem-4851	14	14	only	only	ADV
fbem-4851	14	15	mainly	mainly	ADV
fbem-4851	14	16	engage	engage	VERB
fbem-4851	14	17	in	in	ADP
fbem-4851	14	18	manufacturing	manufacturing	NOUN
fbem-4851	14	19	and	and	CCONJ
fbem-4851	14	20	processing	processing	NOUN
fbem-4851	14	21	business	business	NOUN
fbem-4851	14	22	and	and	CCONJ
fbem-4851	14	23	obtain	obtain	VERB
fbem-4851	14	24	lower	low	ADJ
fbem-4851	14	25	value	value	NOUN
fbem-4851	14	26	output	output	NOUN
fbem-4851	14	27	with	with	ADP
fbem-4851	14	28	larger	large	ADJ
fbem-4851	14	29	capital	capital	NOUN
fbem-4851	14	30	investment	investment	NOUN
fbem-4851	14	31	.	.	PUNCT
fbem-4851	15	1	multinational	multinational	ADJ
fbem-4851	15	2	companies	company	NOUN
fbem-4851	15	3	have	have	AUX
fbem-4851	15	4	gained	gain	VERB
fbem-4851	15	5	more	more	ADJ
fbem-4851	15	6	value	value	NOUN
fbem-4851	15	7	by	by	ADP
fbem-4851	15	8	virtue	virtue	NOUN
fbem-4851	15	9	of	of	ADP
fbem-4851	15	10	their	their	PRON
fbem-4851	15	11	strong	strong	ADJ
fbem-4851	15	12	r&d	r&d	NOUN
fbem-4851	15	13	and	and	CCONJ
fbem-4851	15	14	marketing	marketing	NOUN
fbem-4851	15	15	capabilities	capability	NOUN
fbem-4851	15	16	.	.	PUNCT
fbem-4851	16	1	nike	nike	PROPN
fbem-4851	16	2	,	,	PUNCT
fbem-4851	16	3	a	a	DET
fbem-4851	16	4	well	well	ADV
fbem-4851	16	5	-	-	PUNCT
fbem-4851	16	6	known	know	VERB
fbem-4851	16	7	american	american	ADJ
fbem-4851	16	8	listed	list	VERB
fbem-4851	16	9	company	company	NOUN
fbem-4851	16	10	,	,	PUNCT
fbem-4851	16	11	first	first	ADV
fbem-4851	16	12	carried	carry	VERB
fbem-4851	16	13	out	out	ADP
fbem-4851	16	14	asset	asset	NOUN
fbem-4851	16	15	-	-	PUNCT
fbem-4851	16	16	light	light	NOUN
fbem-4851	16	17	operation	operation	NOUN
fbem-4851	16	18	,	,	PUNCT
fbem-4851	16	19	and	and	CCONJ
fbem-4851	16	20	accumulated	accumulate	VERB
fbem-4851	16	21	brand	brand	NOUN
fbem-4851	16	22	influence	influence	NOUN
fbem-4851	16	23	through	through	ADP
fbem-4851	16	24	long	long	ADJ
fbem-4851	16	25	-	-	PUNCT
fbem-4851	16	26	term	term	NOUN
fbem-4851	16	27	brand	brand	NOUN
fbem-4851	16	28	building	building	NOUN
fbem-4851	16	29	.	.	PUNCT
fbem-4851	17	1	dell	dell	PROPN
fbem-4851	17	2	outsources	outsource	NOUN
fbem-4851	17	3	parts	part	NOUN
fbem-4851	17	4	production	production	NOUN
fbem-4851	17	5	at	at	ADP
fbem-4851	17	6	the	the	DET
fbem-4851	17	7	production	production	NOUN
fbem-4851	17	8	end	end	NOUN
fbem-4851	17	9	,	,	PUNCT
fbem-4851	17	10	strengthens	strengthen	VERB
fbem-4851	17	11	supply	supply	NOUN
fbem-4851	17	12	chain	chain	NOUN
fbem-4851	17	13	management	management	NOUN
fbem-4851	17	14	,	,	PUNCT
fbem-4851	17	15	merges	merge	NOUN
fbem-4851	17	16	and	and	CCONJ
fbem-4851	17	17	acquires	acquire	VERB
fbem-4851	17	18	startups	startup	NOUN
fbem-4851	17	19	with	with	ADP
fbem-4851	17	20	technological	technological	ADJ
fbem-4851	17	21	advantages	advantage	NOUN
fbem-4851	17	22	at	at	ADP
fbem-4851	17	23	the	the	DET
fbem-4851	17	24	research	research	NOUN
fbem-4851	17	25	and	and	CCONJ
fbem-4851	17	26	development	development	NOUN
fbem-4851	17	27	end	end	NOUN
fbem-4851	17	28	,	,	PUNCT
fbem-4851	17	29	adopts	adopt	VERB
fbem-4851	17	30	direct	direct	ADJ
fbem-4851	17	31	sales	sale	NOUN
fbem-4851	17	32	mode	mode	NOUN
fbem-4851	17	33	at	at	ADP
fbem-4851	17	34	the	the	DET
fbem-4851	17	35	sales	sale	NOUN
fbem-4851	17	36	end	end	NOUN
fbem-4851	17	37	,	,	PUNCT
fbem-4851	17	38	and	and	CCONJ
fbem-4851	17	39	adheres	adhere	VERB
fbem-4851	17	40	to	to	ADP
fbem-4851	17	41	customer	customer	NOUN
fbem-4851	17	42	-	-	PUNCT
fbem-4851	17	43	centric	centric	NOUN
fbem-4851	17	44	(	(	PUNCT
fbem-4851	17	45	he	he	PRON
fbem-4851	17	46	ying	ying	PROPN
fbem-4851	17	47	et	et	PROPN
fbem-4851	17	48	al	al	PROPN
fbem-4851	17	49	.	.	PROPN
fbem-4851	17	50	,	,	PUNCT
fbem-4851	17	51	2016	2016	NUM
fbem-4851	17	52	)	)	PUNCT
fbem-4851	17	53	,	,	PUNCT
fbem-4851	17	54	which	which	PRON
fbem-4851	17	55	is	be	AUX
fbem-4851	17	56	a	a	DET
fbem-4851	17	57	transformation	transformation	NOUN
fbem-4851	17	58	of	of	ADP
fbem-4851	17	59	the	the	DET
fbem-4851	17	60	computer	computer	NOUN
fbem-4851	17	61	business	business	NOUN
fbem-4851	17	62	model	model	NOUN
fbem-4851	17	63	,	,	PUNCT
fbem-4851	17	64	bringing	bring	VERB
fbem-4851	17	65	huge	huge	ADJ
fbem-4851	17	66	profits	profit	NOUN
fbem-4851	17	67	to	to	ADP
fbem-4851	17	68	the	the	DET
fbem-4851	17	69	company	company	NOUN
fbem-4851	17	70	.	.	PUNCT
fbem-4851	18	1	with	with	ADP
fbem-4851	18	2	the	the	DET
fbem-4851	18	3	help	help	NOUN
fbem-4851	18	4	of	of	ADP
fbem-4851	18	5	asset	asset	NOUN
fbem-4851	18	6	-	-	PUNCT
fbem-4851	18	7	light	light	NOUN
fbem-4851	18	8	operation	operation	NOUN
fbem-4851	18	9	,	,	PUNCT
fbem-4851	18	10	multinational	multinational	ADJ
fbem-4851	18	11	companies	company	NOUN
fbem-4851	18	12	represented	represent	VERB
fbem-4851	18	13	by	by	ADP
fbem-4851	18	14	apple	apple	NOUN
fbem-4851	18	15	have	have	AUX
fbem-4851	18	16	got	got	AUX
fbem-4851	18	17	rid	rid	VERB
fbem-4851	18	18	of	of	ADP
fbem-4851	18	19	the	the	DET
fbem-4851	18	20	dependence	dependence	NOUN
fbem-4851	18	21	on	on	ADP
fbem-4851	18	22	external	external	ADJ
fbem-4851	18	23	core	core	NOUN
fbem-4851	18	24	resources	resource	NOUN
fbem-4851	18	25	and	and	CCONJ
fbem-4851	18	26	greatly	greatly	ADV
fbem-4851	18	27	improved	improve	VERB
fbem-4851	18	28	their	their	PRON
fbem-4851	18	29	innovation	innovation	NOUN
fbem-4851	18	30	level	level	NOUN
fbem-4851	18	31	.	.	PUNCT
fbem-4851	19	1	among	among	ADP
fbem-4851	19	2	the	the	DET
fbem-4851	19	3	shares	share	NOUN
fbem-4851	19	4	listed	list	VERB
fbem-4851	19	5	on	on	ADP
fbem-4851	19	6	nasdaq	nasdaq	PROPN
fbem-4851	19	7	and	and	CCONJ
fbem-4851	19	8	nyse	nyse	PROPN
fbem-4851	19	9	,	,	PUNCT
fbem-4851	19	10	the	the	DET
fbem-4851	19	11	proportion	proportion	NOUN
fbem-4851	19	12	of	of	ADP
fbem-4851	19	13	enterprises	enterprise	NOUN
fbem-4851	19	14	adopting	adopt	VERB
fbem-4851	19	15	asset	asset	NOUN
fbem-4851	19	16	-	-	PUNCT
fbem-4851	19	17	light	light	NOUN
fbem-4851	19	18	operation	operation	NOUN
fbem-4851	19	19	mode	mode	NOUN
fbem-4851	19	20	has	have	AUX
fbem-4851	19	21	reached	reach	VERB
fbem-4851	19	22	nearly	nearly	ADV
fbem-4851	19	23	60	60	NUM
fbem-4851	19	24	%	%	NOUN
fbem-4851	19	25	(	(	PUNCT
fbem-4851	19	26	liao	liao	PROPN
fbem-4851	19	27	hanping	hanping	PROPN
fbem-4851	19	28	,	,	PUNCT
fbem-4851	19	29	2015	2015	NUM
fbem-4851	19	30	)	)	PUNCT
fbem-4851	19	31	.	.	PUNCT
fbem-4851	20	1	the	the	DET
fbem-4851	20	2	asset	asset	NOUN
fbem-4851	20	3	-	-	PUNCT
fbem-4851	20	4	light	light	NOUN
fbem-4851	20	5	operation	operation	NOUN
fbem-4851	20	6	has	have	AUX
fbem-4851	20	7	been	be	AUX
fbem-4851	20	8	widely	widely	ADV
fbem-4851	20	9	used	use	VERB
fbem-4851	20	10	in	in	ADP
fbem-4851	20	11	real	real	ADJ
fbem-4851	20	12	estate	estate	NOUN
fbem-4851	20	13	enterprises	enterprise	NOUN
fbem-4851	20	14	.	.	PUNCT
fbem-4851	21	1	for	for	ADP
fbem-4851	21	2	example	example	NOUN
fbem-4851	21	3	,	,	PUNCT
fbem-4851	21	4	vanke	vanke	VERB
fbem-4851	21	5	and	and	CCONJ
fbem-4851	21	6	wanda	wanda	PROPN
fbem-4851	21	7	real	real	ADJ
fbem-4851	21	8	estate	estate	NOUN
fbem-4851	21	9	realized	realize	VERB
fbem-4851	21	10	the	the	DET
fbem-4851	21	11	transformation	transformation	NOUN
fbem-4851	21	12	and	and	CCONJ
fbem-4851	21	13	sound	sound	ADJ
fbem-4851	21	14	development	development	NOUN
fbem-4851	21	15	of	of	ADP
fbem-4851	21	16	enterprises	enterprise	NOUN
fbem-4851	21	17	through	through	ADP
fbem-4851	21	18	the	the	DET
fbem-4851	21	19	implementation	implementation	NOUN
fbem-4851	21	20	of	of	ADP
fbem-4851	21	21	the	the	DET
fbem-4851	21	22	asset	asset	NOUN
fbem-4851	21	23	-	-	PUNCT
fbem-4851	21	24	light	light	NOUN
fbem-4851	21	25	strategy	strategy	NOUN
fbem-4851	21	26	.	.	PUNCT
fbem-4851	22	1	some	some	DET
fbem-4851	22	2	large	large	ADJ
fbem-4851	22	3	internet	internet	NOUN
fbem-4851	22	4	enterprises	enterprise	NOUN
fbem-4851	22	5	also	also	ADV
fbem-4851	22	6	prefer	prefer	VERB
fbem-4851	22	7	this	this	DET
fbem-4851	22	8	operation	operation	NOUN
fbem-4851	22	9	mode	mode	NOUN
fbem-4851	22	10	.	.	PUNCT
fbem-4851	23	1	at	at	ADP
fbem-4851	23	2	present	present	ADJ
fbem-4851	23	3	,	,	PUNCT
fbem-4851	23	4	many	many	ADJ
fbem-4851	23	5	enterprises	enterprise	NOUN
fbem-4851	23	6	are	be	AUX
fbem-4851	23	7	actively	actively	ADV
fbem-4851	23	8	exploring	explore	VERB
fbem-4851	23	9	the	the	DET
fbem-4851	23	10	asset	asset	NOUN
fbem-4851	23	11	-	-	PUNCT
fbem-4851	23	12	light	light	NOUN
fbem-4851	23	13	model	model	NOUN
fbem-4851	23	14	,	,	PUNCT
fbem-4851	23	15	such	such	ADJ
fbem-4851	23	16	as	as	ADP
fbem-4851	23	17	gome	gome	PROPN
fbem-4851	23	18	,	,	PUNCT
fbem-4851	23	19	wal	wal	PROPN
fbem-4851	23	20	-	-	PUNCT
fbem-4851	23	21	mart	mart	PROPN
fbem-4851	23	22	,	,	PUNCT
fbem-4851	23	23	alibaba	alibaba	PROPN
fbem-4851	23	24	and	and	CCONJ
fbem-4851	23	25	other	other	ADJ
fbem-4851	23	26	enterprises	enterprise	NOUN
fbem-4851	23	27	known	know	VERB
fbem-4851	23	28	as	as	ADP
fbem-4851	23	29	"	"	PUNCT
fbem-4851	23	30	financial	financial	ADJ
fbem-4851	23	31	companies	company	NOUN
fbem-4851	23	32	"	"	PUNCT
fbem-4851	23	33	,	,	PUNCT
fbem-4851	23	34	such	such	ADJ
fbem-4851	23	35	as	as	ADP
fbem-4851	23	36	microsoft	microsoft	PROPN
fbem-4851	23	37	,	,	PUNCT
fbem-4851	23	38	tongrentang	tongrentang	PROPN
fbem-4851	23	39	,	,	PUNCT
fbem-4851	23	40	merck	merck	PROPN
fbem-4851	23	41	pharmaceutical	pharmaceutical	PROPN
fbem-4851	23	42	,	,	PUNCT
fbem-4851	23	43	coca	coca	PROPN
fbem-4851	23	44	-	-	PUNCT
fbem-4851	23	45	cola	cola	PROPN
fbem-4851	23	46	and	and	CCONJ
fbem-4851	23	47	other	other	ADJ
fbem-4851	23	48	companies	company	NOUN
fbem-4851	23	49	with	with	ADP
fbem-4851	23	50	intellectual	intellectual	ADJ
fbem-4851	23	51	property	property	NOUN
fbem-4851	23	52	rights	right	NOUN
fbem-4851	23	53	as	as	ADP
fbem-4851	23	54	their	their	PRON
fbem-4851	23	55	trump	trump	NOUN
fbem-4851	23	56	cards	card	NOUN
fbem-4851	23	57	;	;	PUNCT
fbem-4851	23	58	there	there	PRON
fbem-4851	23	59	are	be	VERB
fbem-4851	23	60	also	also	ADV
fbem-4851	23	61	brand	brand	NOUN
fbem-4851	23	62	companies	company	NOUN
fbem-4851	23	63	such	such	ADJ
fbem-4851	23	64	as	as	ADP
fbem-4851	23	65	nike	nike	PROPN
fbem-4851	23	66	,	,	PUNCT
fbem-4851	23	67	apple	apple	PROPN
fbem-4851	23	68	and	and	CCONJ
fbem-4851	23	69	oak	oak	PROPN
fbem-4851	23	70	international	international	PROPN
fbem-4851	23	71	;	;	PUNCT
fbem-4851	23	72	china	china	PROPN
fbem-4851	23	73	telecom	telecom	PROPN
fbem-4851	23	74	,	,	PUNCT
fbem-4851	23	75	china	china	PROPN
fbem-4851	23	76	mobile	mobile	PROPN
fbem-4851	23	77	,	,	PUNCT
fbem-4851	23	78	china	china	PROPN
fbem-4851	23	79	unicom	unicom	PROPN
fbem-4851	23	80	and	and	CCONJ
fbem-4851	23	81	other	other	ADJ
fbem-4851	23	82	basic	basic	ADJ
fbem-4851	23	83	network	network	NOUN
fbem-4851	23	84	companies	company	NOUN
fbem-4851	23	85	as	as	ADV
fbem-4851	23	86	well	well	ADV
fbem-4851	23	87	as	as	ADP
fbem-4851	23	88	dell	dell	NOUN
fbem-4851	23	89	,	,	PUNCT
fbem-4851	23	90	tencent	tencent	NOUN
fbem-4851	23	91	,	,	PUNCT
fbem-4851	23	92	google	google	PROPN
fbem-4851	23	93	and	and	CCONJ
fbem-4851	23	94	other	other	ADJ
fbem-4851	23	95	internet	internet	NOUN
fbem-4851	23	96	companies	company	NOUN
fbem-4851	23	97	have	have	AUX
fbem-4851	23	98	successfully	successfully	ADV
fbem-4851	23	99	applied	apply	VERB
fbem-4851	23	100	the	the	DET
fbem-4851	23	101	asset	asset	NOUN
fbem-4851	23	102	-	-	PUNCT
fbem-4851	23	103	light	light	NOUN
fbem-4851	23	104	operation	operation	NOUN
fbem-4851	23	105	model	model	NOUN
fbem-4851	23	106	.	.	PUNCT
fbem-4851	24	1	this	this	DET
fbem-4851	24	2	paper	paper	NOUN
fbem-4851	24	3	classifies	classify	VERB
fbem-4851	24	4	the	the	DET
fbem-4851	24	5	research	research	NOUN
fbem-4851	24	6	on	on	ADP
fbem-4851	24	7	asset	asset	NOUN
fbem-4851	24	8	-	-	PUNCT
fbem-4851	24	9	light	light	NOUN
fbem-4851	24	10	operation	operation	NOUN
fbem-4851	24	11	by	by	ADP
fbem-4851	24	12	combing	comb	VERB
fbem-4851	24	13	the	the	DET
fbem-4851	24	14	previous	previous	ADJ
fbem-4851	24	15	literature	literature	NOUN
fbem-4851	24	16	.	.	PUNCT
fbem-4851	25	1	2	2	X
fbem-4851	25	2	.	.	X
fbem-4851	25	3	literature	literature	NOUN
fbem-4851	25	4	references	reference	NOUN
fbem-4851	25	5	in	in	ADP
fbem-4851	25	6	the	the	DET
fbem-4851	25	7	first	first	ADJ
fbem-4851	25	8	category	category	NOUN
fbem-4851	25	9	of	of	ADP
fbem-4851	25	10	research	research	NOUN
fbem-4851	25	11	,	,	PUNCT
fbem-4851	25	12	werner	werner	PROPN
fbem-4851	25	13	felt	felt	AUX
fbem-4851	25	14	proposed	propose	VERB
fbem-4851	25	15	in	in	ADP
fbem-4851	25	16	1984	1984	NUM
fbem-4851	25	17	that	that	SCONJ
fbem-4851	25	18	asset	asset	NOUN
fbem-4851	25	19	-	-	PUNCT
fbem-4851	25	20	light	light	NOUN
fbem-4851	25	21	is	be	AUX
fbem-4851	25	22	a	a	DET
fbem-4851	25	23	resource	resource	NOUN
fbem-4851	25	24	of	of	ADP
fbem-4851	25	25	enterprises	enterprise	NOUN
fbem-4851	25	26	,	,	PUNCT
fbem-4851	25	27	which	which	PRON
fbem-4851	25	28	has	have	VERB
fbem-4851	25	29	rich	rich	ADJ
fbem-4851	25	30	value	value	NOUN
fbem-4851	25	31	,	,	PUNCT
fbem-4851	25	32	and	and	CCONJ
fbem-4851	25	33	other	other	ADJ
fbem-4851	25	34	enterprises	enterprise	NOUN
fbem-4851	25	35	are	be	AUX
fbem-4851	25	36	difficult	difficult	ADJ
fbem-4851	25	37	to	to	PART
fbem-4851	25	38	imitate	imitate	VERB
fbem-4851	25	39	.	.	PUNCT
fbem-4851	26	1	enterprises	enterprise	NOUN
fbem-4851	26	2	can	can	AUX
fbem-4851	26	3	use	use	VERB
fbem-4851	26	4	this	this	DET
fbem-4851	26	5	resource	resource	NOUN
fbem-4851	26	6	to	to	PART
fbem-4851	26	7	create	create	VERB
fbem-4851	26	8	value	value	NOUN
fbem-4851	26	9	.	.	PUNCT
fbem-4851	27	1	there	there	PRON
fbem-4851	27	2	is	be	VERB
fbem-4851	27	3	no	no	DET
fbem-4851	27	4	agreement	agreement	NOUN
fbem-4851	27	5	on	on	ADP
fbem-4851	27	6	the	the	DET
fbem-4851	27	7	definition	definition	NOUN
fbem-4851	27	8	of	of	ADP
fbem-4851	27	9	light	light	ADJ
fbem-4851	27	10	assets	asset	NOUN
fbem-4851	27	11	in	in	ADP
fbem-4851	27	12	academic	academic	ADJ
fbem-4851	27	13	circles	circle	NOUN
fbem-4851	27	14	.	.	PUNCT
fbem-4851	28	1	there	there	PRON
fbem-4851	28	2	are	be	VERB
fbem-4851	28	3	three	three	NUM
fbem-4851	28	4	main	main	ADJ
fbem-4851	28	5	definitions	definition	NOUN
fbem-4851	28	6	in	in	ADP
fbem-4851	28	7	the	the	DET
fbem-4851	28	8	literature	literature	NOUN
fbem-4851	28	9	:	:	PUNCT
fbem-4851	28	10	first	first	ADV
fbem-4851	28	11	,	,	PUNCT
fbem-4851	28	12	fixed	fix	VERB
fbem-4851	28	13	assets	asset	NOUN
fbem-4851	28	14	are	be	AUX
fbem-4851	28	15	defined	define	VERB
fbem-4851	28	16	as	as	ADP
fbem-4851	28	17	heavy	heavy	ADJ
fbem-4851	28	18	assets	asset	NOUN
fbem-4851	28	19	,	,	PUNCT
fbem-4851	28	20	while	while	SCONJ
fbem-4851	28	21	light	light	ADJ
fbem-4851	28	22	assets	asset	NOUN
fbem-4851	28	23	refer	refer	VERB
fbem-4851	28	24	to	to	ADP
fbem-4851	28	25	assets	asset	NOUN
fbem-4851	28	26	other	other	ADJ
fbem-4851	28	27	than	than	ADP
fbem-4851	28	28	fixed	fix	VERB
fbem-4851	28	29	assets	asset	NOUN
fbem-4851	28	30	;	;	PUNCT
fbem-4851	28	31	second	second	X
fbem-4851	28	32	,	,	PUNCT
fbem-4851	28	33	asset	asset	NOUN
fbem-4851	28	34	-	-	PUNCT
fbem-4851	28	35	light	light	NOUN
fbem-4851	28	36	refers	refer	VERB
fbem-4851	28	37	to	to	ADP
fbem-4851	28	38	the	the	DET
fbem-4851	28	39	intangible	intangible	ADJ
fbem-4851	28	40	assets	asset	NOUN
fbem-4851	28	41	not	not	PART
fbem-4851	28	42	listed	list	VERB
fbem-4851	28	43	in	in	ADP
fbem-4851	28	44	the	the	DET
fbem-4851	28	45	accounting	accounting	NOUN
fbem-4851	28	46	statements	statement	NOUN
fbem-4851	28	47	,	,	PUNCT
fbem-4851	28	48	including	include	VERB
fbem-4851	28	49	experience	experience	NOUN
fbem-4851	28	50	,	,	PUNCT
fbem-4851	28	51	system	system	NOUN
fbem-4851	28	52	,	,	PUNCT
fbem-4851	28	53	brand	brand	NOUN
fbem-4851	28	54	,	,	PUNCT
fbem-4851	28	55	relationship	relationship	NOUN
fbem-4851	28	56	resources	resource	NOUN
fbem-4851	28	57	,	,	PUNCT
fbem-4851	28	58	customer	customer	NOUN
fbem-4851	28	59	relationship	relationship	NOUN
fbem-4851	28	60	,	,	PUNCT
fbem-4851	28	61	human	human	ADJ
fbem-4851	28	62	resources	resource	NOUN
fbem-4851	28	63	,	,	PUNCT
fbem-4851	28	64	etc	etc	X
fbem-4851	28	65	.	.	X
fbem-4851	29	1	the	the	DET
fbem-4851	29	2	assets	asset	NOUN
fbem-4851	29	3	listed	list	VERB
fbem-4851	29	4	in	in	ADP
fbem-4851	29	5	the	the	DET
fbem-4851	29	6	accounting	accounting	NOUN
fbem-4851	29	7	statements	statement	NOUN
fbem-4851	29	8	are	be	AUX
fbem-4851	29	9	heavy	heavy	ADJ
fbem-4851	29	10	assets	asset	NOUN
fbem-4851	29	11	;	;	PUNCT
fbem-4851	29	12	third	third	ADJ
fbem-4851	29	13	,	,	PUNCT
fbem-4851	29	14	not	not	PART
fbem-4851	29	15	all	all	DET
fbem-4851	29	16	non	non	ADJ
fbem-4851	29	17	-	-	ADJ
fbem-4851	29	18	entity	entity	ADJ
fbem-4851	29	19	assets	asset	NOUN
fbem-4851	29	20	not	not	PART
fbem-4851	29	21	listed	list	VERB
fbem-4851	29	22	in	in	ADP
fbem-4851	29	23	the	the	DET
fbem-4851	29	24	accounting	accounting	NOUN
fbem-4851	29	25	statements	statement	NOUN
fbem-4851	29	26	are	be	AUX
fbem-4851	29	27	light	light	ADJ
fbem-4851	29	28	assets	asset	NOUN
fbem-4851	29	29	.	.	PUNCT
fbem-4851	30	1	only	only	ADV
fbem-4851	30	2	those	those	DET
fbem-4851	30	3	non	non	ADJ
fbem-4851	30	4	-	-	ADJ
fbem-4851	30	5	entity	entity	ADJ
fbem-4851	30	6	assets	asset	NOUN
fbem-4851	30	7	that	that	PRON
fbem-4851	30	8	can	can	AUX
fbem-4851	30	9	generate	generate	VERB
fbem-4851	30	10	excess	excess	ADJ
fbem-4851	30	11	profits	profit	NOUN
fbem-4851	30	12	are	be	AUX
fbem-4851	30	13	light	light	ADJ
fbem-4851	30	14	assets	asset	NOUN
fbem-4851	30	15	.	.	PUNCT
fbem-4851	31	1	the	the	DET
fbem-4851	31	2	asset	asset	NOUN
fbem-4851	31	3	-	-	PUNCT
fbem-4851	31	4	light	light	NOUN
fbem-4851	31	5	operation	operation	NOUN
fbem-4851	31	6	is	be	AUX
fbem-4851	31	7	a	a	DET
fbem-4851	31	8	kind	kind	NOUN
fbem-4851	31	9	of	of	ADP
fbem-4851	31	10	operation	operation	NOUN
fbem-4851	31	11	mode	mode	NOUN
fbem-4851	31	12	of	of	ADP
fbem-4851	31	13	enterprises	enterprise	NOUN
fbem-4851	31	14	,	,	PUNCT
fbem-4851	31	15	and	and	CCONJ
fbem-4851	31	16	also	also	ADV
fbem-4851	31	17	a	a	DET
fbem-4851	31	18	part	part	NOUN
fbem-4851	31	19	of	of	ADP
fbem-4851	31	20	the	the	DET
fbem-4851	31	21	profit	profit	NOUN
fbem-4851	31	22	mode	mode	NOUN
fbem-4851	31	23	of	of	ADP
fbem-4851	31	24	enterprises	enterprise	NOUN
fbem-4851	31	25	.	.	PUNCT
fbem-4851	32	1	generally	generally	ADV
fbem-4851	32	2	speaking	speak	VERB
fbem-4851	32	3	,	,	PUNCT
fbem-4851	32	4	there	there	PRON
fbem-4851	32	5	are	be	VERB
fbem-4851	32	6	two	two	NUM
fbem-4851	32	7	definitions	definition	NOUN
fbem-4851	32	8	of	of	ADP
fbem-4851	32	9	asset	asset	NOUN
fbem-4851	32	10	-	-	PUNCT
fbem-4851	32	11	light	light	NOUN
fbem-4851	32	12	operation	operation	NOUN
fbem-4851	32	13	:	:	PUNCT
fbem-4851	32	14	first	first	ADV
fbem-4851	32	15	,	,	PUNCT
fbem-4851	32	16	according	accord	VERB
fbem-4851	32	17	to	to	ADP
fbem-4851	32	18	the	the	DET
fbem-4851	32	19	characteristics	characteristic	NOUN
fbem-4851	32	20	of	of	ADP
fbem-4851	32	21	the	the	DET
fbem-4851	32	22	enterprise	enterprise	NOUN
fbem-4851	32	23	,	,	PUNCT
fbem-4851	32	24	if	if	SCONJ
fbem-4851	32	25	the	the	DET
fbem-4851	32	26	proportion	proportion	NOUN
fbem-4851	32	27	of	of	ADP
fbem-4851	32	28	fixed	fix	VERB
fbem-4851	32	29	assets	asset	NOUN
fbem-4851	32	30	and	and	CCONJ
fbem-4851	32	31	inventories	inventory	NOUN
fbem-4851	32	32	of	of	ADP
fbem-4851	32	33	the	the	DET
fbem-4851	32	34	enterprise	enterprise	NOUN
fbem-4851	32	35	is	be	AUX
fbem-4851	32	36	relatively	relatively	ADV
fbem-4851	32	37	low	low	ADJ
fbem-4851	32	38	,	,	PUNCT
fbem-4851	32	39	but	but	CCONJ
fbem-4851	32	40	there	there	PRON
fbem-4851	32	41	are	be	VERB
fbem-4851	32	42	more	more	ADV
fbem-4851	32	43	liquid	liquid	ADJ
fbem-4851	32	44	assets	asset	NOUN
fbem-4851	32	45	(	(	PUNCT
fbem-4851	32	46	such	such	ADJ
fbem-4851	32	47	as	as	ADP
fbem-4851	32	48	cash	cash	NOUN
fbem-4851	32	49	assets	asset	NOUN
fbem-4851	32	50	)	)	PUNCT
fbem-4851	32	51	,	,	PUNCT
fbem-4851	32	52	the	the	DET
fbem-4851	32	53	enterprise	enterprise	NOUN
fbem-4851	32	54	is	be	AUX
fbem-4851	32	55	considered	consider	VERB
fbem-4851	32	56	to	to	PART
fbem-4851	32	57	have	have	AUX
fbem-4851	32	58	adopted	adopt	VERB
fbem-4851	32	59	the	the	DET
fbem-4851	32	60	asset	asset	NOUN
fbem-4851	32	61	-	-	PUNCT
fbem-4851	32	62	light	light	NOUN
fbem-4851	32	63	operation	operation	NOUN
fbem-4851	32	64	mode	mode	NOUN
fbem-4851	32	65	;	;	PUNCT
fbem-4851	32	66	second	second	X
fbem-4851	32	67	,	,	PUNCT
fbem-4851	32	68	enterprises	enterprise	NOUN
fbem-4851	32	69	focus	focus	VERB
fbem-4851	32	70	on	on	ADP
fbem-4851	32	71	building	build	VERB
fbem-4851	32	72	soft	soft	ADJ
fbem-4851	32	73	power	power	NOUN
fbem-4851	32	74	assets	asset	NOUN
fbem-4851	32	75	in	in	ADP
fbem-4851	32	76	product	product	NOUN
fbem-4851	32	77	design	design	NOUN
fbem-4851	32	78	,	,	PUNCT
fbem-4851	32	79	marketing	marketing	NOUN
fbem-4851	32	80	channels	channel	NOUN
fbem-4851	32	81	,	,	PUNCT
fbem-4851	32	82	brand	brand	NOUN
fbem-4851	32	83	106	106	NUM
fbem-4851	32	84	building	building	NOUN
fbem-4851	32	85	,	,	PUNCT
fbem-4851	32	86	customer	customer	NOUN
fbem-4851	32	87	management	management	NOUN
fbem-4851	32	88	and	and	CCONJ
fbem-4851	32	89	other	other	ADJ
fbem-4851	32	90	aspects	aspect	NOUN
fbem-4851	32	91	,	,	PUNCT
fbem-4851	32	92	transfer	transfer	VERB
fbem-4851	32	93	the	the	DET
fbem-4851	32	94	operation	operation	NOUN
fbem-4851	32	95	of	of	ADP
fbem-4851	32	96	business	business	NOUN
fbem-4851	32	97	links	link	NOUN
fbem-4851	32	98	that	that	PRON
fbem-4851	32	99	they	they	PRON
fbem-4851	32	100	do	do	AUX
fbem-4851	32	101	not	not	PART
fbem-4851	32	102	have	have	VERB
fbem-4851	32	103	advantages	advantage	NOUN
fbem-4851	32	104	or	or	CCONJ
fbem-4851	32	105	are	be	AUX
fbem-4851	32	106	difficult	difficult	ADJ
fbem-4851	32	107	to	to	PART
fbem-4851	32	108	manage	manage	VERB
fbem-4851	32	109	to	to	ADP
fbem-4851	32	110	partners	partner	NOUN
fbem-4851	32	111	,	,	PUNCT
fbem-4851	32	112	and	and	CCONJ
fbem-4851	32	113	reduce	reduce	VERB
fbem-4851	32	114	their	their	PRON
fbem-4851	32	115	own	own	ADJ
fbem-4851	32	116	investment	investment	NOUN
fbem-4851	32	117	and	and	CCONJ
fbem-4851	32	118	management	management	NOUN
fbem-4851	32	119	costs	cost	NOUN
fbem-4851	32	120	(	(	PUNCT
fbem-4851	32	121	wei	wei	PROPN
fbem-4851	32	122	yi	yi	PROPN
fbem-4851	32	123	and	and	CCONJ
fbem-4851	32	124	zhu	zhu	PROPN
fbem-4851	32	125	wuxiang	wuxiang	PROPN
fbem-4851	32	126	,	,	PUNCT
fbem-4851	32	127	2010	2010	NUM
fbem-4851	32	128	)	)	PUNCT
fbem-4851	32	129	.	.	PUNCT
fbem-4851	33	1	the	the	DET
fbem-4851	33	2	second	second	ADJ
fbem-4851	33	3	definition	definition	NOUN
fbem-4851	33	4	is	be	AUX
fbem-4851	33	5	relatively	relatively	ADV
fbem-4851	33	6	more	more	ADV
fbem-4851	33	7	comprehensive	comprehensive	ADJ
fbem-4851	33	8	.	.	PUNCT
fbem-4851	34	1	outsourcing	outsource	VERB
fbem-4851	34	2	non	non	ADJ
fbem-4851	34	3	-	-	ADJ
fbem-4851	34	4	core	core	ADJ
fbem-4851	34	5	businesses	business	NOUN
fbem-4851	34	6	reduces	reduce	VERB
fbem-4851	34	7	the	the	DET
fbem-4851	34	8	burden	burden	NOUN
fbem-4851	34	9	of	of	ADP
fbem-4851	34	10	enterprises	enterprise	NOUN
fbem-4851	34	11	themselves	themselves	PRON
fbem-4851	34	12	,	,	PUNCT
fbem-4851	34	13	while	while	SCONJ
fbem-4851	34	14	focusing	focus	VERB
fbem-4851	34	15	on	on	ADP
fbem-4851	34	16	core	core	NOUN
fbem-4851	34	17	businesses	business	NOUN
fbem-4851	34	18	helps	helps	AUX
fbem-4851	34	19	improve	improve	VERB
fbem-4851	34	20	competitiveness	competitiveness	NOUN
fbem-4851	34	21	.	.	PUNCT
fbem-4851	35	1	surdu	surdu	PROPN
fbem-4851	35	2	(	(	PUNCT
fbem-4851	35	3	2011	2011	NUM
fbem-4851	35	4	)	)	PUNCT
fbem-4851	35	5	concluded	conclude	VERB
fbem-4851	35	6	that	that	SCONJ
fbem-4851	35	7	the	the	DET
fbem-4851	35	8	asset	asset	NOUN
fbem-4851	35	9	-	-	PUNCT
fbem-4851	35	10	light	light	NOUN
fbem-4851	35	11	model	model	NOUN
fbem-4851	35	12	is	be	AUX
fbem-4851	35	13	characterized	characterize	VERB
fbem-4851	35	14	by	by	ADP
fbem-4851	35	15	sufficient	sufficient	ADJ
fbem-4851	35	16	cash	cash	NOUN
fbem-4851	35	17	flow	flow	NOUN
fbem-4851	35	18	,	,	PUNCT
fbem-4851	35	19	continuous	continuous	ADJ
fbem-4851	35	20	growth	growth	NOUN
fbem-4851	35	21	of	of	ADP
fbem-4851	35	22	capital	capital	NOUN
fbem-4851	35	23	inflows	inflow	NOUN
fbem-4851	35	24	and	and	CCONJ
fbem-4851	35	25	low	low	ADJ
fbem-4851	35	26	investment	investment	NOUN
fbem-4851	35	27	in	in	ADP
fbem-4851	35	28	fixed	fix	VERB
fbem-4851	35	29	assets[1	assets[1	NOUN
fbem-4851	35	30	]	]	PUNCT
fbem-4851	35	31	.	.	PUNCT
fbem-4851	36	1	dai	dai	PROPN
fbem-4851	36	2	tianjing	tianje	VERB
fbem-4851	36	3	et	et	NOUN
fbem-4851	36	4	al	al	PROPN
fbem-4851	36	5	.	.	PROPN
fbem-4851	37	1	(	(	PUNCT
fbem-4851	37	2	2012	2012	NUM
fbem-4851	37	3	)	)	PUNCT
fbem-4851	37	4	obtained	obtain	VERB
fbem-4851	37	5	the	the	DET
fbem-4851	37	6	basic	basic	ADJ
fbem-4851	37	7	characteristics	characteristic	NOUN
fbem-4851	37	8	of	of	ADP
fbem-4851	37	9	asset	asset	NOUN
fbem-4851	37	10	-	-	PUNCT
fbem-4851	37	11	light	light	NOUN
fbem-4851	37	12	operation	operation	NOUN
fbem-4851	37	13	by	by	ADP
fbem-4851	37	14	analyzing	analyze	VERB
fbem-4851	37	15	the	the	DET
fbem-4851	37	16	american	american	ADJ
fbem-4851	37	17	apple	apple	PROPN
fbem-4851	37	18	company	company	NOUN
fbem-4851	37	19	:	:	PUNCT
fbem-4851	37	20	simplified	simplified	ADJ
fbem-4851	37	21	parts	part	NOUN
fbem-4851	37	22	production	production	NOUN
fbem-4851	37	23	,	,	PUNCT
fbem-4851	37	24	standardization	standardization	NOUN
fbem-4851	37	25	,	,	PUNCT
fbem-4851	37	26	rapid	rapid	ADJ
fbem-4851	37	27	supply	supply	NOUN
fbem-4851	37	28	chain	chain	NOUN
fbem-4851	37	29	,	,	PUNCT
fbem-4851	37	30	extremely	extremely	ADV
fbem-4851	37	31	low	low	ADJ
fbem-4851	37	32	inventory	inventory	NOUN
fbem-4851	37	33	turnover	turnover	NOUN
fbem-4851	37	34	,	,	PUNCT
fbem-4851	37	35	high	high	ADJ
fbem-4851	37	36	cash	cash	NOUN
fbem-4851	37	37	reserves	reserve	NOUN
fbem-4851	37	38	and	and	CCONJ
fbem-4851	37	39	working	working	NOUN
fbem-4851	37	40	capital	capital	NOUN
fbem-4851	37	41	.	.	PUNCT
fbem-4851	38	1	the	the	DET
fbem-4851	38	2	asset	asset	NOUN
fbem-4851	38	3	-	-	PUNCT
fbem-4851	38	4	light	light	NOUN
fbem-4851	38	5	operating	operate	VERB
fbem-4851	38	6	company	company	NOUN
fbem-4851	38	7	pays	pay	VERB
fbem-4851	38	8	attention	attention	NOUN
fbem-4851	38	9	to	to	ADP
fbem-4851	38	10	the	the	DET
fbem-4851	38	11	joint	joint	ADJ
fbem-4851	38	12	improvement	improvement	NOUN
fbem-4851	38	13	of	of	ADP
fbem-4851	38	14	r&d	r&d	NOUN
fbem-4851	38	15	and	and	CCONJ
fbem-4851	38	16	marketing	marketing	NOUN
fbem-4851	38	17	capabilities	capability	NOUN
fbem-4851	38	18	,	,	PUNCT
fbem-4851	38	19	and	and	CCONJ
fbem-4851	38	20	can	can	AUX
fbem-4851	38	21	obtain	obtain	VERB
fbem-4851	38	22	considerable	considerable	ADJ
fbem-4851	38	23	profits	profit	NOUN
fbem-4851	38	24	without	without	ADP
fbem-4851	38	25	resorting	resort	VERB
fbem-4851	38	26	to	to	ADP
fbem-4851	38	27	a	a	DET
fbem-4851	38	28	huge	huge	ADJ
fbem-4851	38	29	fixed	fix	VERB
fbem-4851	38	30	asset	asset	NOUN
fbem-4851	38	31	system	system	NOUN
fbem-4851	38	32	,	,	PUNCT
fbem-4851	38	33	such	such	ADJ
fbem-4851	38	34	as	as	ADP
fbem-4851	38	35	coca	coca	PROPN
fbem-4851	38	36	-	-	PUNCT
fbem-4851	38	37	cola	cola	PROPN
fbem-4851	38	38	.	.	PUNCT
fbem-4851	39	1	liao	liao	PROPN
fbem-4851	39	2	hanping	hanping	PROPN
fbem-4851	39	3	(	(	PUNCT
fbem-4851	39	4	2015	2015	NUM
fbem-4851	39	5	)	)	PUNCT
fbem-4851	39	6	believes	believe	VERB
fbem-4851	39	7	that	that	SCONJ
fbem-4851	39	8	asset	asset	NOUN
fbem-4851	39	9	-	-	PUNCT
fbem-4851	39	10	light	light	NOUN
fbem-4851	39	11	enterprises	enterprise	NOUN
fbem-4851	39	12	have	have	VERB
fbem-4851	39	13	higher	high	ADJ
fbem-4851	39	14	profitability	profitability	NOUN
fbem-4851	39	15	,	,	PUNCT
fbem-4851	39	16	growth	growth	NOUN
fbem-4851	39	17	and	and	CCONJ
fbem-4851	39	18	operation	operation	NOUN
fbem-4851	39	19	level	level	NOUN
fbem-4851	39	20	than	than	ADP
fbem-4851	39	21	other	other	ADJ
fbem-4851	39	22	enterprises	enterprise	NOUN
fbem-4851	39	23	,	,	PUNCT
fbem-4851	39	24	but	but	CCONJ
fbem-4851	39	25	there	there	PRON
fbem-4851	39	26	are	be	VERB
fbem-4851	39	27	also	also	ADV
fbem-4851	39	28	certain	certain	ADJ
fbem-4851	39	29	risks	risk	NOUN
fbem-4851	39	30	.	.	PUNCT
fbem-4851	40	1	tang	tang	PROPN
fbem-4851	40	2	guliang	guliang	PROPN
fbem-4851	40	3	and	and	CCONJ
fbem-4851	40	4	plateau	plateau	PROPN
fbem-4851	40	5	(	(	PUNCT
fbem-4851	40	6	2016	2016	NUM
fbem-4851	40	7	)	)	PUNCT
fbem-4851	40	8	summarized	summarize	VERB
fbem-4851	40	9	the	the	DET
fbem-4851	40	10	strategic	strategic	ADJ
fbem-4851	40	11	risks	risk	NOUN
fbem-4851	40	12	faced	face	VERB
fbem-4851	40	13	by	by	ADP
fbem-4851	40	14	asset	asset	NOUN
fbem-4851	40	15	-	-	PUNCT
fbem-4851	40	16	light	light	NOUN
fbem-4851	40	17	operating	operating	NOUN
fbem-4851	40	18	enterprises	enterprise	NOUN
fbem-4851	40	19	by	by	ADP
fbem-4851	40	20	combining	combine	VERB
fbem-4851	40	21	examples	example	NOUN
fbem-4851	40	22	,	,	PUNCT
fbem-4851	40	23	and	and	CCONJ
fbem-4851	40	24	believed	believe	VERB
fbem-4851	40	25	that	that	SCONJ
fbem-4851	40	26	enterprises	enterprise	NOUN
fbem-4851	40	27	adopting	adopt	VERB
fbem-4851	40	28	asset	asset	NOUN
fbem-4851	40	29	-	-	PUNCT
fbem-4851	40	30	light	light	NOUN
fbem-4851	40	31	operation	operation	NOUN
fbem-4851	40	32	need	need	VERB
fbem-4851	40	33	to	to	PART
fbem-4851	40	34	match	match	VERB
fbem-4851	40	35	a	a	DET
fbem-4851	40	36	more	more	ADV
fbem-4851	40	37	systematic	systematic	ADJ
fbem-4851	40	38	and	and	CCONJ
fbem-4851	40	39	comprehensive	comprehensive	ADJ
fbem-4851	40	40	strategic	strategic	ADJ
fbem-4851	40	41	financial	financial	ADJ
fbem-4851	40	42	management	management	NOUN
fbem-4851	40	43	system	system	NOUN
fbem-4851	40	44	.	.	PUNCT
fbem-4851	41	1	pei	pei	PROPN
fbem-4851	41	2	zhengbing	zhengbing	PROPN
fbem-4851	41	3	(	(	PUNCT
fbem-4851	41	4	2017	2017	NUM
fbem-4851	41	5	)	)	PUNCT
fbem-4851	41	6	,	,	PUNCT
fbem-4851	41	7	taking	take	VERB
fbem-4851	41	8	huatian	huatian	ADJ
fbem-4851	41	9	hotel	hotel	NOUN
fbem-4851	41	10	as	as	ADP
fbem-4851	41	11	an	an	DET
fbem-4851	41	12	example	example	NOUN
fbem-4851	41	13	,	,	PUNCT
fbem-4851	41	14	combined	combine	VERB
fbem-4851	41	15	with	with	ADP
fbem-4851	41	16	historical	historical	ADJ
fbem-4851	41	17	operation	operation	NOUN
fbem-4851	41	18	and	and	CCONJ
fbem-4851	41	19	financial	financial	ADJ
fbem-4851	41	20	data	datum	NOUN
fbem-4851	41	21	,	,	PUNCT
fbem-4851	41	22	conducted	conduct	VERB
fbem-4851	41	23	a	a	DET
fbem-4851	41	24	financial	financial	ADJ
fbem-4851	41	25	performance	performance	NOUN
fbem-4851	41	26	evaluation	evaluation	NOUN
fbem-4851	41	27	of	of	ADP
fbem-4851	41	28	its	its	PRON
fbem-4851	41	29	asset	asset	NOUN
fbem-4851	41	30	-	-	PUNCT
fbem-4851	41	31	light	light	NOUN
fbem-4851	41	32	practice	practice	NOUN
fbem-4851	41	33	,	,	PUNCT
fbem-4851	41	34	and	and	CCONJ
fbem-4851	41	35	believed	believe	VERB
fbem-4851	41	36	that	that	SCONJ
fbem-4851	41	37	the	the	DET
fbem-4851	41	38	asset	asset	NOUN
fbem-4851	41	39	-	-	PUNCT
fbem-4851	41	40	light	light	NOUN
fbem-4851	41	41	operation	operation	NOUN
fbem-4851	41	42	model	model	NOUN
fbem-4851	41	43	has	have	VERB
fbem-4851	41	44	the	the	DET
fbem-4851	41	45	characteristics	characteristic	NOUN
fbem-4851	41	46	of	of	ADP
fbem-4851	41	47	small	small	ADJ
fbem-4851	41	48	investment	investment	NOUN
fbem-4851	41	49	,	,	PUNCT
fbem-4851	41	50	large	large	ADJ
fbem-4851	41	51	output	output	NOUN
fbem-4851	41	52	,	,	PUNCT
fbem-4851	41	53	high	high	ADJ
fbem-4851	41	54	brand	brand	NOUN
fbem-4851	41	55	value	value	NOUN
fbem-4851	41	56	,	,	PUNCT
fbem-4851	41	57	high	high	ADJ
fbem-4851	41	58	added	add	VERB
fbem-4851	41	59	value	value	NOUN
fbem-4851	41	60	,	,	PUNCT
fbem-4851	41	61	and	and	CCONJ
fbem-4851	41	62	can	can	AUX
fbem-4851	41	63	achieve	achieve	VERB
fbem-4851	41	64	great	great	ADJ
fbem-4851	41	65	value	value	NOUN
fbem-4851	41	66	appreciation	appreciation	NOUN
fbem-4851	41	67	and	and	CCONJ
fbem-4851	41	68	profit	profit	NOUN
fbem-4851	41	69	through	through	ADP
fbem-4851	41	70	efficient	efficient	ADJ
fbem-4851	41	71	use	use	NOUN
fbem-4851	41	72	of	of	ADP
fbem-4851	41	73	assets	asset	NOUN
fbem-4851	41	74	and	and	CCONJ
fbem-4851	41	75	liabilities	liability	NOUN
fbem-4851	41	76	.	.	PUNCT
fbem-4851	42	1	yin	yin	PROPN
fbem-4851	42	2	xiaoxia	xiaoxia	PROPN
fbem-4851	42	3	and	and	CCONJ
fbem-4851	42	4	zhang	zhang	PROPN
fbem-4851	42	5	yingwei	yingwei	PROPN
fbem-4851	42	6	(	(	PUNCT
fbem-4851	42	7	2018	2018	NUM
fbem-4851	42	8	)	)	PUNCT
fbem-4851	42	9	analyzed	analyze	VERB
fbem-4851	42	10	the	the	DET
fbem-4851	42	11	financial	financial	ADJ
fbem-4851	42	12	data	datum	NOUN
fbem-4851	42	13	of	of	ADP
fbem-4851	42	14	vanke	vanke	PROPN
fbem-4851	42	15	group	group	NOUN
fbem-4851	42	16	and	and	CCONJ
fbem-4851	42	17	found	find	VERB
fbem-4851	42	18	that	that	SCONJ
fbem-4851	42	19	after	after	ADP
fbem-4851	42	20	implementing	implement	VERB
fbem-4851	42	21	the	the	DET
fbem-4851	42	22	asset	asset	NOUN
fbem-4851	42	23	-	-	PUNCT
fbem-4851	42	24	light	light	NOUN
fbem-4851	42	25	operation	operation	NOUN
fbem-4851	42	26	model	model	NOUN
fbem-4851	42	27	,	,	PUNCT
fbem-4851	42	28	its	its	PRON
fbem-4851	42	29	solvency	solvency	NOUN
fbem-4851	42	30	,	,	PUNCT
fbem-4851	42	31	operating	operate	VERB
fbem-4851	42	32	capacity	capacity	NOUN
fbem-4851	42	33	and	and	CCONJ
fbem-4851	42	34	profitability	profitability	NOUN
fbem-4851	42	35	have	have	AUX
fbem-4851	42	36	improved	improve	VERB
fbem-4851	42	37	.	.	PUNCT
fbem-4851	43	1	in	in	ADP
fbem-4851	43	2	the	the	DET
fbem-4851	43	3	second	second	ADJ
fbem-4851	43	4	type	type	NOUN
fbem-4851	43	5	of	of	ADP
fbem-4851	43	6	research	research	NOUN
fbem-4851	43	7	,	,	PUNCT
fbem-4851	43	8	the	the	DET
fbem-4851	43	9	academic	academic	ADJ
fbem-4851	43	10	community	community	NOUN
fbem-4851	43	11	has	have	AUX
fbem-4851	43	12	not	not	PART
fbem-4851	43	13	reached	reach	VERB
fbem-4851	43	14	a	a	DET
fbem-4851	43	15	consistent	consistent	ADJ
fbem-4851	43	16	conclusion	conclusion	NOUN
fbem-4851	43	17	on	on	ADP
fbem-4851	43	18	the	the	DET
fbem-4851	43	19	economic	economic	ADJ
fbem-4851	43	20	consequences	consequence	NOUN
fbem-4851	43	21	of	of	ADP
fbem-4851	43	22	asset	asset	NOUN
fbem-4851	43	23	-	-	PUNCT
fbem-4851	43	24	light	light	NOUN
fbem-4851	43	25	operation	operation	NOUN
fbem-4851	43	26	.	.	PUNCT
fbem-4851	44	1	the	the	DET
fbem-4851	44	2	impact	impact	NOUN
fbem-4851	44	3	of	of	ADP
fbem-4851	44	4	assetlight	assetlight	NOUN
fbem-4851	44	5	operation	operation	NOUN
fbem-4851	44	6	on	on	ADP
fbem-4851	44	7	various	various	ADJ
fbem-4851	44	8	industries	industry	NOUN
fbem-4851	44	9	has	have	AUX
fbem-4851	44	10	been	be	AUX
fbem-4851	44	11	widely	widely	ADV
fbem-4851	44	12	discussed	discuss	VERB
fbem-4851	44	13	in	in	ADP
fbem-4851	44	14	the	the	DET
fbem-4851	44	15	literature	literature	NOUN
fbem-4851	44	16	.	.	PUNCT
fbem-4851	45	1	specifically	specifically	ADV
fbem-4851	45	2	,	,	PUNCT
fbem-4851	45	3	asset	asset	NOUN
fbem-4851	45	4	-	-	PUNCT
fbem-4851	45	5	light	light	NOUN
fbem-4851	45	6	operation	operation	NOUN
fbem-4851	45	7	has	have	AUX
fbem-4851	45	8	been	be	AUX
fbem-4851	45	9	proved	prove	VERB
fbem-4851	45	10	to	to	PART
fbem-4851	45	11	create	create	VERB
fbem-4851	45	12	value	value	NOUN
fbem-4851	45	13	for	for	ADP
fbem-4851	45	14	international	international	ADJ
fbem-4851	45	15	hotel	hotel	NOUN
fbem-4851	45	16	enterprises	enterprise	NOUN
fbem-4851	45	17	(	(	PUNCT
fbem-4851	45	18	gannon	gannon	PROPN
fbem-4851	45	19	et	et	PROPN
fbem-4851	45	20	al	al	PROPN
fbem-4851	45	21	.	.	PROPN
fbem-4851	45	22	,	,	PUNCT
fbem-4851	45	23	2010	2010	NUM
fbem-4851	45	24	)	)	PUNCT
fbem-4851	45	25	,	,	PUNCT
fbem-4851	45	26	generate	generate	VERB
fbem-4851	45	27	competitive	competitive	ADJ
fbem-4851	45	28	advantages	advantage	NOUN
fbem-4851	45	29	in	in	ADP
fbem-4851	45	30	the	the	DET
fbem-4851	45	31	telecommunications	telecommunications	NOUN
fbem-4851	45	32	industry	industry	NOUN
fbem-4851	45	33	(	(	PUNCT
fbem-4851	45	34	liou	liou	NOUN
fbem-4851	45	35	,	,	PUNCT
fbem-4851	45	36	2011	2011	NUM
fbem-4851	45	37	)	)	PUNCT
fbem-4851	45	38	,	,	PUNCT
fbem-4851	45	39	improve	improve	VERB
fbem-4851	45	40	the	the	DET
fbem-4851	45	41	enterprise	enterprise	NOUN
fbem-4851	45	42	performance	performance	NOUN
fbem-4851	45	43	of	of	ADP
fbem-4851	45	44	the	the	DET
fbem-4851	45	45	semiconductor	semiconductor	NOUN
fbem-4851	45	46	industry	industry	NOUN
fbem-4851	45	47	(	(	PUNCT
fbem-4851	45	48	wen	wen	PROPN
fbem-4851	45	49	et	et	PROPN
fbem-4851	45	50	al	al	PROPN
fbem-4851	45	51	.	.	PROPN
fbem-4851	45	52	,	,	PUNCT
fbem-4851	45	53	2012	2012	NUM
fbem-4851	45	54	)	)	PUNCT
fbem-4851	45	55	,	,	PUNCT
fbem-4851	45	56	increase	increase	VERB
fbem-4851	45	57	the	the	DET
fbem-4851	45	58	dynamic	dynamic	ADJ
fbem-4851	45	59	efficiency	efficiency	NOUN
fbem-4851	45	60	of	of	ADP
fbem-4851	45	61	the	the	DET
fbem-4851	45	62	aviation	aviation	NOUN
fbem-4851	45	63	industry	industry	NOUN
fbem-4851	45	64	(	(	PUNCT
fbem-4851	45	65	wang	wang	PROPN
fbem-4851	45	66	et	et	PROPN
fbem-4851	45	67	al	al	PROPN
fbem-4851	45	68	.	.	PROPN
fbem-4851	45	69	,	,	PUNCT
fbem-4851	45	70	2017	2017	NUM
fbem-4851	45	71	)	)	PUNCT
fbem-4851	45	72	,	,	PUNCT
fbem-4851	45	73	and	and	CCONJ
fbem-4851	45	74	reduce	reduce	VERB
fbem-4851	45	75	the	the	DET
fbem-4851	45	76	real	real	ADJ
fbem-4851	45	77	estate	estate	NOUN
fbem-4851	45	78	risk	risk	NOUN
fbem-4851	45	79	of	of	ADP
fbem-4851	45	80	the	the	DET
fbem-4851	45	81	accommodation	accommodation	NOUN
fbem-4851	45	82	industry	industry	NOUN
fbem-4851	45	83	(	(	PUNCT
fbem-4851	45	84	kim	kim	PROPN
fbem-4851	45	85	et	et	PROPN
fbem-4851	45	86	al	al	PROPN
fbem-4851	45	87	.	.	PROPN
fbem-4851	45	88	,	,	PUNCT
fbem-4851	45	89	2019	2019	NUM
fbem-4851	45	90	)	)	PUNCT
fbem-4851	45	91	,	,	PUNCT
fbem-4851	45	92	and	and	CCONJ
fbem-4851	45	93	improve	improve	VERB
fbem-4851	45	94	the	the	DET
fbem-4851	45	95	capital	capital	NOUN
fbem-4851	45	96	efficiency	efficiency	NOUN
fbem-4851	45	97	of	of	ADP
fbem-4851	45	98	manufacturing	manufacturing	NOUN
fbem-4851	45	99	industry	industry	NOUN
fbem-4851	45	100	(	(	PUNCT
fbem-4851	45	101	sun	sun	PROPN
fbem-4851	45	102	ying	ying	PROPN
fbem-4851	45	103	,	,	PUNCT
fbem-4851	45	104	2020	2020	NUM
fbem-4851	45	105	)	)	PUNCT
fbem-4851	45	106	and	and	CCONJ
fbem-4851	45	107	total	total	ADJ
fbem-4851	45	108	factor	factor	NOUN
fbem-4851	45	109	productivity	productivity	NOUN
fbem-4851	45	110	(	(	PUNCT
fbem-4851	45	111	sheng	sheng	PROPN
fbem-4851	45	112	mingquan	mingquan	PROPN
fbem-4851	45	113	et	et	PROPN
fbem-4851	45	114	al	al	PROPN
fbem-4851	45	115	.	.	PROPN
fbem-4851	45	116	,	,	PUNCT
fbem-4851	45	117	2020	2020	NUM
fbem-4851	45	118	)	)	PUNCT
fbem-4851	46	1	[	[	X
fbem-4851	46	2	2	2	NUM
fbem-4851	46	3	,	,	PUNCT
fbem-4851	46	4	3	3	NUM
fbem-4851	46	5	,	,	PUNCT
fbem-4851	46	6	4	4	NUM
fbem-4851	46	7	,	,	PUNCT
fbem-4851	46	8	5	5	NUM
fbem-4851	46	9	,	,	PUNCT
fbem-4851	46	10	6	6	NUM
fbem-4851	46	11	]	]	PUNCT
fbem-4851	46	12	.	.	PUNCT
fbem-4851	47	1	tang	tang	PROPN
fbem-4851	47	2	yingzhang	yingzhang	PROPN
fbem-4851	47	3	et	et	PROPN
fbem-4851	47	4	al	al	PROPN
fbem-4851	47	5	.	.	PROPN
fbem-4851	48	1	(	(	PUNCT
fbem-4851	48	2	2007	2007	NUM
fbem-4851	48	3	)	)	PUNCT
fbem-4851	48	4	concluded	conclude	VERB
fbem-4851	48	5	that	that	SCONJ
fbem-4851	48	6	asset	asset	NOUN
fbem-4851	48	7	light	light	NOUN
fbem-4851	48	8	operation	operation	NOUN
fbem-4851	48	9	can	can	AUX
fbem-4851	48	10	improve	improve	VERB
fbem-4851	48	11	profitability	profitability	NOUN
fbem-4851	48	12	by	by	ADP
fbem-4851	48	13	studying	study	VERB
fbem-4851	48	14	taiwan	taiwan	PROPN
fbem-4851	48	15	,	,	PUNCT
fbem-4851	48	16	china	china	PROPN
fbem-4851	48	17	enterprises	enterprise	NOUN
fbem-4851	48	18	.	.	PUNCT
fbem-4851	49	1	further	far	ADV
fbem-4851	49	2	,	,	PUNCT
fbem-4851	49	3	han	han	PROPN
fbem-4851	49	4	peng	peng	PROPN
fbem-4851	49	5	(	(	PUNCT
fbem-4851	49	6	2018	2018	NUM
fbem-4851	49	7	)	)	PUNCT
fbem-4851	49	8	studied	study	VERB
fbem-4851	49	9	the	the	DET
fbem-4851	49	10	sample	sample	NOUN
fbem-4851	49	11	data	datum	NOUN
fbem-4851	49	12	from	from	ADP
fbem-4851	49	13	2014	2014	NUM
fbem-4851	49	14	to	to	ADP
fbem-4851	49	15	2016	2016	NUM
fbem-4851	49	16	with	with	ADP
fbem-4851	49	17	china	china	PROPN
fbem-4851	49	18	's	's	PART
fbem-4851	49	19	high	high	ADJ
fbem-4851	49	20	-	-	PUNCT
fbem-4851	49	21	tech	tech	NOUN
fbem-4851	49	22	listed	list	VERB
fbem-4851	49	23	companies	company	NOUN
fbem-4851	49	24	as	as	ADP
fbem-4851	49	25	a	a	DET
fbem-4851	49	26	sample	sample	NOUN
fbem-4851	49	27	.	.	PUNCT
fbem-4851	50	1	the	the	DET
fbem-4851	50	2	empirical	empirical	ADJ
fbem-4851	50	3	results	result	NOUN
fbem-4851	50	4	show	show	VERB
fbem-4851	50	5	that	that	SCONJ
fbem-4851	50	6	asset	asset	NOUN
fbem-4851	50	7	-	-	PUNCT
fbem-4851	50	8	light	light	NOUN
fbem-4851	50	9	operation	operation	NOUN
fbem-4851	50	10	can	can	AUX
fbem-4851	50	11	significantly	significantly	ADV
fbem-4851	50	12	improve	improve	VERB
fbem-4851	50	13	the	the	DET
fbem-4851	50	14	profitability	profitability	NOUN
fbem-4851	50	15	of	of	ADP
fbem-4851	50	16	intellectual	intellectual	ADJ
fbem-4851	50	17	property	property	NOUN
fbem-4851	50	18	.	.	PUNCT
fbem-4851	51	1	zhou	zhou	PROPN
fbem-4851	51	2	zejiang	zejiang	PROPN
fbem-4851	51	3	and	and	CCONJ
fbem-4851	51	4	li	li	PROPN
fbem-4851	51	5	ding	ding	PROPN
fbem-4851	51	6	(	(	PUNCT
fbem-4851	51	7	2019	2019	NUM
fbem-4851	51	8	)	)	PUNCT
fbem-4851	51	9	empirically	empirically	ADV
fbem-4851	51	10	found	find	VERB
fbem-4851	51	11	that	that	SCONJ
fbem-4851	51	12	asset	asset	NOUN
fbem-4851	51	13	-	-	PUNCT
fbem-4851	51	14	light	light	NOUN
fbem-4851	51	15	operation	operation	NOUN
fbem-4851	51	16	is	be	AUX
fbem-4851	51	17	significantly	significantly	ADV
fbem-4851	51	18	positively	positively	ADV
fbem-4851	51	19	correlated	correlate	VERB
fbem-4851	51	20	with	with	ADP
fbem-4851	51	21	enterprise	enterprise	NOUN
fbem-4851	51	22	r&d	r&d	NOUN
fbem-4851	51	23	investment	investment	NOUN
fbem-4851	51	24	,	,	PUNCT
fbem-4851	51	25	and	and	CCONJ
fbem-4851	51	26	this	this	DET
fbem-4851	51	27	relationship	relationship	NOUN
fbem-4851	51	28	is	be	AUX
fbem-4851	51	29	stronger	strong	ADJ
fbem-4851	51	30	in	in	ADP
fbem-4851	51	31	monopoly	monopoly	NOUN
fbem-4851	51	32	industries	industry	NOUN
fbem-4851	51	33	and	and	CCONJ
fbem-4851	51	34	high	high	ADJ
fbem-4851	51	35	-	-	PUNCT
fbem-4851	51	36	tech	tech	NOUN
fbem-4851	51	37	industries	industry	NOUN
fbem-4851	51	38	.	.	PUNCT
fbem-4851	52	1	shao	shao	PROPN
fbem-4851	52	2	zhigao	zhigao	PROPN
fbem-4851	52	3	and	and	CCONJ
fbem-4851	52	4	wu	wu	PROPN
fbem-4851	52	5	liyuan	liyuan	PROPN
fbem-4851	52	6	(	(	PUNCT
fbem-4851	52	7	2019	2019	NUM
fbem-4851	52	8	)	)	PUNCT
fbem-4851	52	9	,	,	PUNCT
fbem-4851	52	10	based	base	VERB
fbem-4851	52	11	on	on	ADP
fbem-4851	52	12	the	the	DET
fbem-4851	52	13	data	datum	NOUN
fbem-4851	52	14	of	of	ADP
fbem-4851	52	15	listed	list	VERB
fbem-4851	52	16	manufacturing	manufacturing	NOUN
fbem-4851	52	17	companies	company	NOUN
fbem-4851	52	18	in	in	ADP
fbem-4851	52	19	china	china	PROPN
fbem-4851	52	20	's	's	PART
fbem-4851	52	21	a	a	DET
fbem-4851	52	22	-	-	PUNCT
fbem-4851	52	23	share	share	NOUN
fbem-4851	52	24	market	market	NOUN
fbem-4851	52	25	from	from	ADP
fbem-4851	52	26	1990	1990	NUM
fbem-4851	52	27	to	to	ADP
fbem-4851	52	28	2016	2016	NUM
fbem-4851	52	29	,	,	PUNCT
fbem-4851	52	30	found	find	VERB
fbem-4851	52	31	that	that	SCONJ
fbem-4851	52	32	asset	asset	NOUN
fbem-4851	52	33	-	-	PUNCT
fbem-4851	52	34	light	light	NOUN
fbem-4851	52	35	operation	operation	NOUN
fbem-4851	52	36	in	in	ADP
fbem-4851	52	37	the	the	DET
fbem-4851	52	38	manufacturing	manufacturing	NOUN
fbem-4851	52	39	industry	industry	NOUN
fbem-4851	52	40	would	would	AUX
fbem-4851	52	41	reduce	reduce	VERB
fbem-4851	52	42	performance	performance	NOUN
fbem-4851	52	43	volatility	volatility	NOUN
fbem-4851	52	44	and	and	CCONJ
fbem-4851	52	45	thus	thus	ADV
fbem-4851	52	46	enhance	enhance	VERB
fbem-4851	52	47	enterprise	enterprise	NOUN
fbem-4851	52	48	value	value	NOUN
fbem-4851	52	49	from	from	ADP
fbem-4851	52	50	the	the	DET
fbem-4851	52	51	perspective	perspective	NOUN
fbem-4851	52	52	of	of	ADP
fbem-4851	52	53	performance	performance	NOUN
fbem-4851	52	54	volatility	volatility	NOUN
fbem-4851	52	55	.	.	PUNCT
fbem-4851	53	1	zhou	zhou	PROPN
fbem-4851	53	2	zejiang	zejiang	PROPN
fbem-4851	53	3	(	(	PUNCT
fbem-4851	53	4	2020	2020	NUM
fbem-4851	53	5	)	)	PUNCT
fbem-4851	53	6	took	take	VERB
fbem-4851	53	7	a	a	DET
fbem-4851	53	8	-	-	PUNCT
fbem-4851	53	9	share	share	NOUN
fbem-4851	53	10	listed	list	VERB
fbem-4851	53	11	companies	company	NOUN
fbem-4851	53	12	in	in	ADP
fbem-4851	53	13	china	china	PROPN
fbem-4851	53	14	's	's	PART
fbem-4851	53	15	capital	capital	NOUN
fbem-4851	53	16	market	market	NOUN
fbem-4851	53	17	from	from	ADP
fbem-4851	53	18	2009	2009	NUM
fbem-4851	53	19	to	to	ADP
fbem-4851	53	20	2017	2017	NUM
fbem-4851	53	21	as	as	SCONJ
fbem-4851	53	22	the	the	DET
fbem-4851	53	23	research	research	NOUN
fbem-4851	53	24	sample	sample	NOUN
fbem-4851	53	25	to	to	PART
fbem-4851	53	26	empirically	empirically	ADV
fbem-4851	53	27	test	test	VERB
fbem-4851	53	28	the	the	DET
fbem-4851	53	29	role	role	NOUN
fbem-4851	53	30	of	of	ADP
fbem-4851	53	31	assetlight	assetlight	NOUN
fbem-4851	53	32	operation	operation	NOUN
fbem-4851	53	33	on	on	ADP
fbem-4851	53	34	enterprise	enterprise	NOUN
fbem-4851	53	35	value	value	NOUN
fbem-4851	53	36	and	and	CCONJ
fbem-4851	53	37	its	its	PRON
fbem-4851	53	38	impact	impact	NOUN
fbem-4851	53	39	path	path	NOUN
fbem-4851	53	40	.	.	PUNCT
fbem-4851	54	1	the	the	DET
fbem-4851	54	2	research	research	NOUN
fbem-4851	54	3	found	find	VERB
fbem-4851	54	4	that	that	SCONJ
fbem-4851	54	5	asset	asset	NOUN
fbem-4851	54	6	-	-	PUNCT
fbem-4851	54	7	light	light	NOUN
fbem-4851	54	8	operation	operation	NOUN
fbem-4851	54	9	is	be	AUX
fbem-4851	54	10	significantly	significantly	ADV
fbem-4851	54	11	positively	positively	ADV
fbem-4851	54	12	correlated	correlate	VERB
fbem-4851	54	13	with	with	ADP
fbem-4851	54	14	enterprise	enterprise	NOUN
fbem-4851	54	15	value	value	NOUN
fbem-4851	54	16	,	,	PUNCT
fbem-4851	54	17	indicating	indicate	VERB
fbem-4851	54	18	that	that	SCONJ
fbem-4851	54	19	asset	asset	NOUN
fbem-4851	54	20	-	-	PUNCT
fbem-4851	54	21	light	light	NOUN
fbem-4851	54	22	operation	operation	NOUN
fbem-4851	54	23	promotes	promote	VERB
fbem-4851	54	24	value	value	NOUN
fbem-4851	54	25	improvement	improvement	NOUN
fbem-4851	54	26	.	.	PUNCT
fbem-4851	55	1	however	however	ADV
fbem-4851	55	2	,	,	PUNCT
fbem-4851	55	3	some	some	DET
fbem-4851	55	4	scholars	scholar	NOUN
fbem-4851	55	5	have	have	AUX
fbem-4851	55	6	reached	reach	VERB
fbem-4851	55	7	different	different	ADJ
fbem-4851	55	8	conclusions	conclusion	NOUN
fbem-4851	55	9	.	.	PUNCT
fbem-4851	56	1	for	for	ADP
fbem-4851	56	2	example	example	NOUN
fbem-4851	56	3	,	,	PUNCT
fbem-4851	56	4	wang	wang	PROPN
fbem-4851	56	5	zhibo	zhibo	PROPN
fbem-4851	56	6	et	et	PROPN
fbem-4851	56	7	al	al	PROPN
fbem-4851	56	8	.	.	PROPN
fbem-4851	56	9	(	(	PUNCT
fbem-4851	56	10	2015	2015	NUM
fbem-4851	56	11	)	)	PUNCT
fbem-4851	56	12	,	,	PUNCT
fbem-4851	56	13	using	use	VERB
fbem-4851	56	14	the	the	DET
fbem-4851	56	15	data	datum	NOUN
fbem-4851	56	16	of	of	ADP
fbem-4851	56	17	chinese	chinese	ADJ
fbem-4851	56	18	industrial	industrial	ADJ
fbem-4851	56	19	enterprises	enterprise	NOUN
fbem-4851	56	20	from	from	ADP
fbem-4851	56	21	1999	1999	NUM
fbem-4851	56	22	to	to	ADP
fbem-4851	56	23	2007	2007	NUM
fbem-4851	56	24	,	,	PUNCT
fbem-4851	56	25	found	find	VERB
fbem-4851	56	26	that	that	SCONJ
fbem-4851	56	27	assetlight	assetlight	NOUN
fbem-4851	56	28	operation	operation	NOUN
fbem-4851	56	29	did	do	AUX
fbem-4851	56	30	not	not	PART
fbem-4851	56	31	improve	improve	VERB
fbem-4851	56	32	the	the	DET
fbem-4851	56	33	profit	profit	NOUN
fbem-4851	56	34	margin	margin	NOUN
fbem-4851	56	35	of	of	ADP
fbem-4851	56	36	enterprises	enterprise	NOUN
fbem-4851	56	37	,	,	PUNCT
fbem-4851	56	38	and	and	CCONJ
fbem-4851	56	39	pointed	point	VERB
fbem-4851	56	40	out	out	ADP
fbem-4851	56	41	that	that	SCONJ
fbem-4851	56	42	enterprises	enterprise	NOUN
fbem-4851	56	43	should	should	AUX
fbem-4851	56	44	pay	pay	VERB
fbem-4851	56	45	attention	attention	NOUN
fbem-4851	56	46	to	to	ADP
fbem-4851	56	47	the	the	DET
fbem-4851	56	48	accumulation	accumulation	NOUN
fbem-4851	56	49	of	of	ADP
fbem-4851	56	50	exclusive	exclusive	ADJ
fbem-4851	56	51	resources	resource	NOUN
fbem-4851	56	52	to	to	PART
fbem-4851	56	53	form	form	VERB
fbem-4851	56	54	their	their	PRON
fbem-4851	56	55	own	own	ADJ
fbem-4851	56	56	core	core	NOUN
fbem-4851	56	57	competitiveness	competitiveness	NOUN
fbem-4851	56	58	.	.	PUNCT
fbem-4851	57	1	low	low	PROPN
fbem-4851	57	2	et	et	PROPN
fbem-4851	57	3	al	al	PROPN
fbem-4851	57	4	.	.	PROPN
fbem-4851	57	5	yu	yu	PROPN
fbem-4851	57	6	(	(	PUNCT
fbem-4851	57	7	2018	2018	NUM
fbem-4851	57	8	)	)	PUNCT
fbem-4851	57	9	's	's	PART
fbem-4851	57	10	research	research	NOUN
fbem-4851	57	11	on	on	ADP
fbem-4851	57	12	listed	list	VERB
fbem-4851	57	13	companies	company	NOUN
fbem-4851	57	14	in	in	ADP
fbem-4851	57	15	china	china	PROPN
fbem-4851	57	16	also	also	ADV
fbem-4851	57	17	failed	fail	VERB
fbem-4851	57	18	to	to	PART
fbem-4851	57	19	obtain	obtain	VERB
fbem-4851	57	20	empirical	empirical	ADJ
fbem-4851	57	21	evidence	evidence	NOUN
fbem-4851	57	22	that	that	SCONJ
fbem-4851	57	23	asset	asset	NOUN
fbem-4851	57	24	-	-	PUNCT
fbem-4851	57	25	light	light	NOUN
fbem-4851	57	26	operation	operation	NOUN
fbem-4851	57	27	can	can	AUX
fbem-4851	57	28	improve	improve	VERB
fbem-4851	57	29	the	the	DET
fbem-4851	57	30	profitability	profitability	NOUN
fbem-4851	57	31	of	of	ADP
fbem-4851	57	32	enterprises	enterprise	NOUN
fbem-4851	57	33	[	[	X
fbem-4851	57	34	7	7	NUM
fbem-4851	57	35	]	]	PUNCT
fbem-4851	57	36	.	.	PUNCT
fbem-4851	58	1	xie	xie	PROPN
fbem-4851	58	2	lijuan	lijuan	PROPN
fbem-4851	58	3	and	and	CCONJ
fbem-4851	58	4	wang	wang	PROPN
fbem-4851	58	5	shixuan	shixuan	PROPN
fbem-4851	58	6	(	(	PUNCT
fbem-4851	58	7	2018	2018	NUM
fbem-4851	58	8	)	)	PUNCT
fbem-4851	58	9	found	find	VERB
fbem-4851	58	10	that	that	SCONJ
fbem-4851	58	11	state	state	NOUN
fbem-4851	58	12	-	-	PUNCT
fbem-4851	58	13	owned	own	VERB
fbem-4851	58	14	enterprises	enterprise	NOUN
fbem-4851	58	15	weakened	weaken	VERB
fbem-4851	58	16	the	the	DET
fbem-4851	58	17	negative	negative	ADJ
fbem-4851	58	18	impact	impact	NOUN
fbem-4851	58	19	of	of	ADP
fbem-4851	58	20	asset	asset	NOUN
fbem-4851	58	21	-	-	PUNCT
fbem-4851	58	22	heavy	heavy	ADJ
fbem-4851	58	23	operation	operation	NOUN
fbem-4851	58	24	on	on	ADP
fbem-4851	58	25	enterprise	enterprise	NOUN
fbem-4851	58	26	efficiency	efficiency	NOUN
fbem-4851	58	27	,	,	PUNCT
fbem-4851	58	28	so	so	ADV
fbem-4851	58	29	they	they	PRON
fbem-4851	58	30	believed	believe	VERB
fbem-4851	58	31	that	that	SCONJ
fbem-4851	58	32	state	state	NOUN
fbem-4851	58	33	-	-	PUNCT
fbem-4851	58	34	owned	own	VERB
fbem-4851	58	35	enterprises	enterprise	NOUN
fbem-4851	58	36	should	should	AUX
fbem-4851	58	37	not	not	PART
fbem-4851	58	38	blindly	blindly	ADV
fbem-4851	58	39	carry	carry	VERB
fbem-4851	58	40	out	out	ADP
fbem-4851	58	41	asset	asset	NOUN
fbem-4851	58	42	-	-	PUNCT
fbem-4851	58	43	light	light	NOUN
fbem-4851	58	44	operation	operation	NOUN
fbem-4851	58	45	.	.	PUNCT
fbem-4851	59	1	in	in	ADP
fbem-4851	59	2	the	the	DET
fbem-4851	59	3	third	third	ADJ
fbem-4851	59	4	category	category	NOUN
fbem-4851	59	5	of	of	ADP
fbem-4851	59	6	research	research	NOUN
fbem-4851	59	7	,	,	PUNCT
fbem-4851	59	8	shao	shao	PROPN
fbem-4851	59	9	zhigao	zhigao	PROPN
fbem-4851	59	10	and	and	CCONJ
fbem-4851	59	11	wu	wu	PROPN
fbem-4851	59	12	liyuan	liyuan	PROPN
fbem-4851	59	13	(	(	PUNCT
fbem-4851	59	14	2019	2019	NUM
fbem-4851	59	15	)	)	PUNCT
fbem-4851	59	16	directly	directly	ADV
fbem-4851	59	17	used	use	VERB
fbem-4851	59	18	the	the	DET
fbem-4851	59	19	proportion	proportion	NOUN
fbem-4851	59	20	of	of	ADP
fbem-4851	59	21	fixed	fix	VERB
fbem-4851	59	22	assets	asset	NOUN
fbem-4851	59	23	to	to	PART
fbem-4851	59	24	measure	measure	VERB
fbem-4851	59	25	asset	asset	NOUN
fbem-4851	59	26	-	-	PUNCT
fbem-4851	59	27	light	light	NOUN
fbem-4851	59	28	operations	operation	NOUN
fbem-4851	59	29	.	.	PUNCT
fbem-4851	60	1	tang	tang	PROPN
fbem-4851	60	2	yingzhang	yingzhang	PROPN
fbem-4851	60	3	et	et	PROPN
fbem-4851	60	4	al	al	PROPN
fbem-4851	60	5	.	.	PROPN
fbem-4851	61	1	(	(	PUNCT
fbem-4851	61	2	2007	2007	NUM
fbem-4851	61	3	)	)	PUNCT
fbem-4851	61	4	calculated	calculate	VERB
fbem-4851	61	5	the	the	DET
fbem-4851	61	6	economic	economic	ADJ
fbem-4851	61	7	added	add	VERB
fbem-4851	61	8	value	value	NOUN
fbem-4851	61	9	of	of	ADP
fbem-4851	61	10	enterprises	enterprise	NOUN
fbem-4851	61	11	plus	plus	CCONJ
fbem-4851	61	12	the	the	DET
fbem-4851	61	13	value	value	NOUN
fbem-4851	61	14	of	of	ADP
fbem-4851	61	15	goodwill	goodwill	NOUN
fbem-4851	61	16	and	and	CCONJ
fbem-4851	61	17	intangible	intangible	ADJ
fbem-4851	61	18	assets	asset	NOUN
fbem-4851	61	19	to	to	PART
fbem-4851	61	20	measure	measure	VERB
fbem-4851	61	21	the	the	DET
fbem-4851	61	22	assetlight	assetlight	NOUN
fbem-4851	61	23	value	value	NOUN
fbem-4851	61	24	model	model	NOUN
fbem-4851	61	25	.	.	PUNCT
fbem-4851	62	1	wang	wang	PROPN
fbem-4851	62	2	zhibo	zhibo	PROPN
fbem-4851	62	3	and	and	CCONJ
fbem-4851	62	4	li	li	PROPN
fbem-4851	62	5	changhong	changhong	PROPN
fbem-4851	62	6	(	(	PUNCT
fbem-4851	62	7	2015	2015	NUM
fbem-4851	62	8	)	)	PUNCT
fbem-4851	62	9	adopted	adopt	VERB
fbem-4851	62	10	the	the	DET
fbem-4851	62	11	method	method	NOUN
fbem-4851	62	12	of	of	ADP
fbem-4851	62	13	constructing	construct	VERB
fbem-4851	62	14	dummy	dummy	ADJ
fbem-4851	62	15	variables	variable	NOUN
fbem-4851	62	16	.	.	PUNCT
fbem-4851	63	1	if	if	SCONJ
fbem-4851	63	2	an	an	DET
fbem-4851	63	3	enterprise	enterprise	NOUN
fbem-4851	63	4	meets	meet	VERB
fbem-4851	63	5	the	the	DET
fbem-4851	63	6	requirements	requirement	NOUN
fbem-4851	63	7	that	that	SCONJ
fbem-4851	63	8	the	the	DET
fbem-4851	63	9	proportion	proportion	NOUN
fbem-4851	63	10	of	of	ADP
fbem-4851	63	11	fixed	fix	VERB
fbem-4851	63	12	assets	asset	NOUN
fbem-4851	63	13	ranks	rank	VERB
fbem-4851	63	14	the	the	DET
fbem-4851	63	15	top	top	ADJ
fbem-4851	63	16	5	5	NUM
fbem-4851	63	17	%	%	NOUN
fbem-4851	63	18	in	in	ADP
fbem-4851	63	19	the	the	DET
fbem-4851	63	20	industry	industry	NOUN
fbem-4851	63	21	and	and	CCONJ
fbem-4851	63	22	the	the	DET
fbem-4851	63	23	proportion	proportion	NOUN
fbem-4851	63	24	of	of	ADP
fbem-4851	63	25	sales	sale	NOUN
fbem-4851	63	26	expenses	expense	NOUN
fbem-4851	63	27	ranks	rank	VERB
fbem-4851	63	28	the	the	DET
fbem-4851	63	29	bottom	bottom	ADJ
fbem-4851	63	30	5	5	NUM
fbem-4851	63	31	%	%	NOUN
fbem-4851	63	32	,	,	PUNCT
fbem-4851	63	33	it	it	PRON
fbem-4851	63	34	is	be	AUX
fbem-4851	63	35	defined	define	VERB
fbem-4851	63	36	as	as	ADP
fbem-4851	63	37	implementing	implement	VERB
fbem-4851	63	38	asset	asset	NOUN
fbem-4851	63	39	-	-	PUNCT
fbem-4851	63	40	light	light	NOUN
fbem-4851	63	41	operation	operation	NOUN
fbem-4851	63	42	,	,	PUNCT
fbem-4851	63	43	and	and	CCONJ
fbem-4851	63	44	the	the	DET
fbem-4851	63	45	value	value	NOUN
fbem-4851	63	46	is	be	AUX
fbem-4851	63	47	1	1	NUM
fbem-4851	63	48	,	,	PUNCT
fbem-4851	63	49	otherwise	otherwise	ADV
fbem-4851	63	50	it	it	PRON
fbem-4851	63	51	is	be	AUX
fbem-4851	63	52	0	0	NUM
fbem-4851	63	53	.	.	PUNCT
fbem-4851	64	1	wang	wang	PROPN
fbem-4851	64	2	yuanzhuo	yuanzhuo	PROPN
fbem-4851	64	3	et	et	PROPN
fbem-4851	64	4	al	al	PROPN
fbem-4851	64	5	.	.	PUNCT
fbem-4851	65	1	zhou	zhou	PROPN
fbem-4851	65	2	ze	ze	PROPN
fbem-4851	65	3	and	and	CCONJ
fbem-4851	65	4	li	li	PROPN
fbem-4851	65	5	ding	ding	PROPN
fbem-4851	65	6	(	(	PUNCT
fbem-4851	65	7	2019	2019	NUM
fbem-4851	65	8	)	)	PUNCT
fbem-4851	65	9	will	will	AUX
fbem-4851	65	10	use	use	VERB
fbem-4851	65	11	the	the	DET
fbem-4851	65	12	principal	principal	ADJ
fbem-4851	65	13	component	component	NOUN
fbem-4851	65	14	analysis	analysis	NOUN
fbem-4851	65	15	method	method	NOUN
fbem-4851	65	16	to	to	PART
fbem-4851	65	17	select	select	VERB
fbem-4851	65	18	three	three	NUM
fbem-4851	65	19	indicators	indicator	NOUN
fbem-4851	65	20	:	:	PUNCT
fbem-4851	65	21	fixed	fix	VERB
fbem-4851	65	22	asset	asset	NOUN
fbem-4851	65	23	ratio	ratio	NOUN
fbem-4851	65	24	,	,	PUNCT
fbem-4851	65	25	sales	sale	NOUN
fbem-4851	65	26	expense	expense	NOUN
fbem-4851	65	27	ratio	ratio	NOUN
fbem-4851	65	28	and	and	CCONJ
fbem-4851	65	29	current	current	ADJ
fbem-4851	65	30	ratio	ratio	NOUN
fbem-4851	65	31	,	,	PUNCT
fbem-4851	65	32	and	and	CCONJ
fbem-4851	65	33	use	use	VERB
fbem-4851	65	34	the	the	DET
fbem-4851	65	35	first	first	ADJ
fbem-4851	65	36	principal	principal	ADJ
fbem-4851	65	37	component	component	NOUN
fbem-4851	65	38	to	to	PART
fbem-4851	65	39	measure	measure	VERB
fbem-4851	65	40	the	the	DET
fbem-4851	65	41	degree	degree	NOUN
fbem-4851	65	42	of	of	ADP
fbem-4851	65	43	light	light	ADJ
fbem-4851	65	44	capitalization	capitalization	NOUN
fbem-4851	65	45	.	.	PUNCT
fbem-4851	66	1	on	on	ADP
fbem-4851	66	2	this	this	DET
fbem-4851	66	3	basis	basis	NOUN
fbem-4851	66	4	,	,	PUNCT
fbem-4851	66	5	zhou	zhou	PROPN
fbem-4851	66	6	ze	ze	PROPN
fbem-4851	66	7	et	et	PROPN
fbem-4851	66	8	al	al	PROPN
fbem-4851	66	9	.	.	PROPN
fbem-4851	66	10	(	(	PUNCT
fbem-4851	66	11	2020	2020	NUM
fbem-4851	66	12	)	)	PUNCT
fbem-4851	66	13	added	add	VERB
fbem-4851	66	14	two	two	NUM
fbem-4851	66	15	indicators	indicator	NOUN
fbem-4851	66	16	of	of	ADP
fbem-4851	66	17	operating	operate	VERB
fbem-4851	66	18	cost	cost	NOUN
fbem-4851	66	19	ratio	ratio	NOUN
fbem-4851	66	20	and	and	CCONJ
fbem-4851	66	21	cash	cash	NOUN
fbem-4851	66	22	asset	asset	NOUN
fbem-4851	66	23	ratio	ratio	NOUN
fbem-4851	66	24	for	for	ADP
fbem-4851	66	25	principal	principal	ADJ
fbem-4851	66	26	component	component	NOUN
fbem-4851	66	27	analysis	analysis	NOUN
fbem-4851	66	28	.	.	PUNCT
fbem-4851	67	1	3	3	X
fbem-4851	67	2	.	.	X
fbem-4851	67	3	summary	summary	NOUN
fbem-4851	67	4	to	to	PART
fbem-4851	67	5	study	study	VERB
fbem-4851	67	6	the	the	DET
fbem-4851	67	7	finance	finance	NOUN
fbem-4851	67	8	and	and	CCONJ
fbem-4851	67	9	accounting	accounting	NOUN
fbem-4851	67	10	of	of	ADP
fbem-4851	67	11	asset	asset	NOUN
fbem-4851	67	12	-	-	PUNCT
fbem-4851	67	13	light	light	NOUN
fbem-4851	67	14	enterprises	enterprise	NOUN
fbem-4851	67	15	,	,	PUNCT
fbem-4851	67	16	first	first	ADV
fbem-4851	67	17	of	of	ADP
fbem-4851	67	18	all	all	PRON
fbem-4851	67	19	,	,	PUNCT
fbem-4851	67	20	we	we	PRON
fbem-4851	67	21	need	need	VERB
fbem-4851	67	22	to	to	PART
fbem-4851	67	23	clarify	clarify	VERB
fbem-4851	67	24	the	the	DET
fbem-4851	67	25	meaning	meaning	NOUN
fbem-4851	67	26	of	of	ADP
fbem-4851	67	27	the	the	DET
fbem-4851	67	28	terms	term	NOUN
fbem-4851	67	29	"	"	PUNCT
fbem-4851	67	30	asset	asset	NOUN
fbem-4851	67	31	-	-	PUNCT
fbem-4851	67	32	light	light	NOUN
fbem-4851	67	33	"	"	PUNCT
fbem-4851	67	34	and	and	CCONJ
fbem-4851	67	35	"	"	PUNCT
fbem-4851	67	36	asset	asset	NOUN
fbem-4851	67	37	-	-	PUNCT
fbem-4851	67	38	heavy	heavy	NOUN
fbem-4851	67	39	"	"	PUNCT
fbem-4851	67	40	,	,	PUNCT
fbem-4851	67	41	and	and	CCONJ
fbem-4851	67	42	clearly	clearly	ADV
fbem-4851	67	43	define	define	VERB
fbem-4851	67	44	the	the	DET
fbem-4851	67	45	connotation	connotation	NOUN
fbem-4851	67	46	and	and	CCONJ
fbem-4851	67	47	extension	extension	NOUN
fbem-4851	67	48	of	of	ADP
fbem-4851	67	49	these	these	DET
fbem-4851	67	50	concepts	concept	NOUN
fbem-4851	67	51	.	.	PUNCT
fbem-4851	68	1	what	what	PRON
fbem-4851	68	2	are	be	AUX
fbem-4851	68	3	the	the	DET
fbem-4851	68	4	specific	specific	ADJ
fbem-4851	68	5	criteria	criterion	NOUN
fbem-4851	68	6	for	for	ADP
fbem-4851	68	7	dividing	divide	VERB
fbem-4851	68	8	the	the	DET
fbem-4851	68	9	weight	weight	NOUN
fbem-4851	68	10	of	of	ADP
fbem-4851	68	11	assets	asset	NOUN
fbem-4851	68	12	?	?	PUNCT
fbem-4851	69	1	what	what	PRON
fbem-4851	69	2	kind	kind	NOUN
fbem-4851	69	3	of	of	ADP
fbem-4851	69	4	asset	asset	NOUN
fbem-4851	69	5	structure	structure	NOUN
fbem-4851	69	6	is	be	AUX
fbem-4851	69	7	the	the	DET
fbem-4851	69	8	"	"	PUNCT
fbem-4851	69	9	asset	asset	NOUN
fbem-4851	69	10	-	-	PUNCT
fbem-4851	69	11	light	light	NOUN
fbem-4851	69	12	enterprise	enterprise	NOUN
fbem-4851	69	13	"	"	PUNCT
fbem-4851	69	14	?	?	PUNCT
fbem-4851	70	1	do	do	AUX
fbem-4851	70	2	you	you	PRON
fbem-4851	70	3	need	need	VERB
fbem-4851	70	4	to	to	PART
fbem-4851	70	5	give	give	VERB
fbem-4851	70	6	different	different	ADJ
fbem-4851	70	7	classification	classification	NOUN
fbem-4851	70	8	criteria	criterion	NOUN
fbem-4851	70	9	based	base	VERB
fbem-4851	70	10	on	on	ADP
fbem-4851	70	11	industry	industry	NOUN
fbem-4851	70	12	and	and	CCONJ
fbem-4851	70	13	scale	scale	NOUN
fbem-4851	70	14	?	?	PUNCT
fbem-4851	71	1	should	should	AUX
fbem-4851	71	2	asset	asset	NOUN
fbem-4851	71	3	-	-	PUNCT
fbem-4851	71	4	light	light	NOUN
fbem-4851	71	5	be	be	AUX
fbem-4851	71	6	a	a	DET
fbem-4851	71	7	concept	concept	NOUN
fbem-4851	71	8	of	of	ADP
fbem-4851	71	9	financial	financial	ADJ
fbem-4851	71	10	accounting	accounting	NOUN
fbem-4851	71	11	or	or	CCONJ
fbem-4851	71	12	a	a	DET
fbem-4851	71	13	term	term	NOUN
fbem-4851	71	14	of	of	ADP
fbem-4851	71	15	financial	financial	ADJ
fbem-4851	71	16	management	management	NOUN
fbem-4851	71	17	or	or	CCONJ
fbem-4851	71	18	management	management	NOUN
fbem-4851	71	19	accounting	accounting	NOUN
fbem-4851	71	20	?	?	PUNCT
fbem-4851	72	1	if	if	SCONJ
fbem-4851	72	2	it	it	PRON
fbem-4851	72	3	is	be	AUX
fbem-4851	72	4	included	include	VERB
fbem-4851	72	5	in	in	ADP
fbem-4851	72	6	financial	financial	ADJ
fbem-4851	72	7	accounting	accounting	NOUN
fbem-4851	72	8	for	for	ADP
fbem-4851	72	9	research	research	NOUN
fbem-4851	72	10	,	,	PUNCT
fbem-4851	72	11	how	how	SCONJ
fbem-4851	72	12	to	to	PART
fbem-4851	72	13	measure	measure	VERB
fbem-4851	72	14	and	and	CCONJ
fbem-4851	72	15	confirm	confirm	VERB
fbem-4851	72	16	the	the	DET
fbem-4851	72	17	asset	asset	NOUN
fbem-4851	72	18	-	-	PUNCT
fbem-4851	72	19	light	light	NOUN
fbem-4851	72	20	content	content	NOUN
fbem-4851	72	21	given	give	VERB
fbem-4851	72	22	by	by	ADP
fbem-4851	72	23	scholars	scholar	NOUN
fbem-4851	72	24	in	in	ADP
fbem-4851	72	25	the	the	DET
fbem-4851	72	26	early	early	ADJ
fbem-4851	72	27	stage	stage	NOUN
fbem-4851	72	28	,	,	PUNCT
fbem-4851	72	29	such	such	ADJ
fbem-4851	72	30	as	as	ADP
fbem-4851	72	31	brand	brand	NOUN
fbem-4851	72	32	,	,	PUNCT
fbem-4851	72	33	customer	customer	NOUN
fbem-4851	72	34	relationship	relationship	NOUN
fbem-4851	72	35	,	,	PUNCT
fbem-4851	72	36	intellectual	intellectual	ADJ
fbem-4851	72	37	capital	capital	NOUN
fbem-4851	72	38	,	,	PUNCT
fbem-4851	72	39	governance	governance	NOUN
fbem-4851	72	40	system	system	NOUN
fbem-4851	72	41	,	,	PUNCT
fbem-4851	72	42	etc	etc	X
fbem-4851	72	43	?	?	X
fbem-4851	73	1	the	the	DET
fbem-4851	73	2	determination	determination	NOUN
fbem-4851	73	3	of	of	ADP
fbem-4851	73	4	these	these	DET
fbem-4851	73	5	basic	basic	ADJ
fbem-4851	73	6	issues	issue	NOUN
fbem-4851	73	7	will	will	AUX
fbem-4851	73	8	lay	lay	VERB
fbem-4851	73	9	a	a	DET
fbem-4851	73	10	solid	solid	ADJ
fbem-4851	73	11	research	research	NOUN
fbem-4851	73	12	foundation	foundation	NOUN
fbem-4851	73	13	for	for	ADP
fbem-4851	73	14	asset	asset	NOUN
fbem-4851	73	15	-	-	PUNCT
fbem-4851	73	16	light	light	NOUN
fbem-4851	73	17	finance	finance	NOUN
fbem-4851	73	18	.	.	PUNCT
fbem-4851	74	1	in	in	ADP
fbem-4851	74	2	the	the	DET
fbem-4851	74	3	existing	exist	VERB
fbem-4851	74	4	asset	asset	NOUN
fbem-4851	74	5	-	-	PUNCT
fbem-4851	74	6	light	light	NOUN
fbem-4851	74	7	operation	operation	NOUN
fbem-4851	74	8	literature	literature	NOUN
fbem-4851	74	9	,	,	PUNCT
fbem-4851	74	10	there	there	PRON
fbem-4851	74	11	are	be	VERB
fbem-4851	74	12	many	many	ADJ
fbem-4851	74	13	studies	study	NOUN
fbem-4851	74	14	on	on	ADP
fbem-4851	74	15	internationally	internationally	ADV
fbem-4851	74	16	famous	famous	ADJ
fbem-4851	74	17	large	large	ADJ
fbem-4851	74	18	companies	company	NOUN
fbem-4851	74	19	,	,	PUNCT
fbem-4851	74	20	which	which	PRON
fbem-4851	74	21	seems	seem	VERB
fbem-4851	74	22	to	to	PART
fbem-4851	74	23	give	give	VERB
fbem-4851	74	24	people	people	NOUN
fbem-4851	74	25	the	the	DET
fbem-4851	74	26	impression	impression	NOUN
fbem-4851	74	27	that	that	SCONJ
fbem-4851	74	28	the	the	DET
fbem-4851	74	29	asset	asset	NOUN
fbem-4851	74	30	-	-	PUNCT
fbem-4851	74	31	light	light	NOUN
fbem-4851	74	32	model	model	NOUN
fbem-4851	74	33	is	be	AUX
fbem-4851	74	34	applicable	applicable	ADJ
fbem-4851	74	35	to	to	ADP
fbem-4851	74	36	large	large	ADJ
fbem-4851	74	37	enterprises	enterprise	NOUN
fbem-4851	74	38	,	,	PUNCT
fbem-4851	74	39	especially	especially	ADV
fbem-4851	74	40	multinational	multinational	ADJ
fbem-4851	74	41	companies	company	NOUN
fbem-4851	74	42	.	.	PUNCT
fbem-4851	75	1	in	in	ADP
fbem-4851	75	2	fact	fact	NOUN
fbem-4851	75	3	,	,	PUNCT
fbem-4851	75	4	china	china	PROPN
fbem-4851	75	5	's	's	PART
fbem-4851	75	6	emerging	emerge	VERB
fbem-4851	75	7	and	and	CCONJ
fbem-4851	75	8	107	107	NUM
fbem-4851	75	9	thriving	thrive	VERB
fbem-4851	75	10	technology	technology	NOUN
fbem-4851	75	11	-	-	PUNCT
fbem-4851	75	12	based	base	VERB
fbem-4851	75	13	small	small	ADJ
fbem-4851	75	14	and	and	CCONJ
fbem-4851	75	15	micro	micro	ADJ
fbem-4851	75	16	enterprises	enterprise	NOUN
fbem-4851	75	17	also	also	ADV
fbem-4851	75	18	have	have	VERB
fbem-4851	75	19	the	the	DET
fbem-4851	75	20	main	main	ADJ
fbem-4851	75	21	characteristics	characteristic	NOUN
fbem-4851	75	22	of	of	ADP
fbem-4851	75	23	asset	asset	NOUN
fbem-4851	75	24	-	-	PUNCT
fbem-4851	75	25	light	light	NOUN
fbem-4851	75	26	operation	operation	NOUN
fbem-4851	75	27	mode	mode	NOUN
fbem-4851	75	28	,	,	PUNCT
fbem-4851	75	29	such	such	ADJ
fbem-4851	75	30	as	as	ADP
fbem-4851	75	31	"	"	PUNCT
fbem-4851	75	32	low	low	ADJ
fbem-4851	75	33	"	"	PUNCT
fbem-4851	75	34	financial	financial	ADJ
fbem-4851	75	35	investment	investment	NOUN
fbem-4851	75	36	,	,	PUNCT
fbem-4851	75	37	"	"	PUNCT
fbem-4851	75	38	small	small	ADJ
fbem-4851	75	39	"	"	PUNCT
fbem-4851	75	40	asset	asset	NOUN
fbem-4851	75	41	scale	scale	NOUN
fbem-4851	75	42	,	,	PUNCT
fbem-4851	75	43	"	"	PUNCT
fbem-4851	75	44	light	light	ADJ
fbem-4851	75	45	"	"	PUNCT
fbem-4851	75	46	asset	asset	NOUN
fbem-4851	75	47	form	form	NOUN
fbem-4851	75	48	,	,	PUNCT
fbem-4851	75	49	and	and	CCONJ
fbem-4851	75	50	"	"	PUNCT
fbem-4851	75	51	heavy	heavy	ADJ
fbem-4851	75	52	"	"	PUNCT
fbem-4851	75	53	knowledge	knowledge	NOUN
fbem-4851	75	54	application	application	NOUN
fbem-4851	75	55	.	.	PUNCT
fbem-4851	76	1	what	what	PRON
fbem-4851	76	2	are	be	AUX
fbem-4851	76	3	the	the	DET
fbem-4851	76	4	types	type	NOUN
fbem-4851	76	5	of	of	ADP
fbem-4851	76	6	asset	asset	NOUN
fbem-4851	76	7	-	-	PUNCT
fbem-4851	76	8	light	light	NOUN
fbem-4851	76	9	operating	operating	NOUN
fbem-4851	76	10	enterprises	enterprise	NOUN
fbem-4851	76	11	?	?	PUNCT
fbem-4851	77	1	what	what	PRON
fbem-4851	77	2	are	be	AUX
fbem-4851	77	3	the	the	DET
fbem-4851	77	4	characteristics	characteristic	NOUN
fbem-4851	77	5	of	of	ADP
fbem-4851	77	6	different	different	ADJ
fbem-4851	77	7	types	type	NOUN
fbem-4851	77	8	?	?	PUNCT
fbem-4851	78	1	what	what	DET
fbem-4851	78	2	kind	kind	NOUN
fbem-4851	78	3	of	of	ADP
fbem-4851	78	4	financial	financial	ADJ
fbem-4851	78	5	management	management	NOUN
fbem-4851	78	6	mode	mode	NOUN
fbem-4851	78	7	should	should	AUX
fbem-4851	78	8	be	be	AUX
fbem-4851	78	9	adopted	adopt	VERB
fbem-4851	78	10	for	for	ADP
fbem-4851	78	11	management	management	NOUN
fbem-4851	78	12	?	?	PUNCT
fbem-4851	79	1	these	these	PRON
fbem-4851	79	2	are	be	AUX
fbem-4851	79	3	also	also	ADV
fbem-4851	79	4	the	the	DET
fbem-4851	79	5	research	research	NOUN
fbem-4851	79	6	topics	topic	NOUN
fbem-4851	79	7	we	we	PRON
fbem-4851	79	8	are	be	AUX
fbem-4851	79	9	facing	face	VERB
fbem-4851	79	10	.	.	PUNCT
fbem-4851	80	1	to	to	PART
fbem-4851	80	2	sum	sum	VERB
fbem-4851	80	3	up	up	ADP
fbem-4851	80	4	,	,	PUNCT
fbem-4851	80	5	the	the	DET
fbem-4851	80	6	research	research	NOUN
fbem-4851	80	7	on	on	ADP
fbem-4851	80	8	asset	asset	NOUN
fbem-4851	80	9	-	-	PUNCT
fbem-4851	80	10	light	light	NOUN
fbem-4851	80	11	operation	operation	NOUN
fbem-4851	80	12	mainly	mainly	ADV
fbem-4851	80	13	focuses	focus	VERB
fbem-4851	80	14	on	on	ADP
fbem-4851	80	15	enterprise	enterprise	NOUN
fbem-4851	80	16	performance	performance	NOUN
fbem-4851	80	17	,	,	PUNCT
fbem-4851	80	18	value	value	NOUN
fbem-4851	80	19	and	and	CCONJ
fbem-4851	80	20	risk	risk	NOUN
fbem-4851	80	21	,	,	PUNCT
fbem-4851	80	22	and	and	CCONJ
fbem-4851	80	23	few	few	ADJ
fbem-4851	80	24	literatures	literature	NOUN
fbem-4851	80	25	have	have	AUX
fbem-4851	80	26	studied	study	VERB
fbem-4851	80	27	the	the	DET
fbem-4851	80	28	impact	impact	NOUN
fbem-4851	80	29	of	of	ADP
fbem-4851	80	30	asset	asset	NOUN
fbem-4851	80	31	-	-	PUNCT
fbem-4851	80	32	light	light	NOUN
fbem-4851	80	33	operation	operation	NOUN
fbem-4851	80	34	on	on	ADP
fbem-4851	80	35	enterprise	enterprise	NOUN
fbem-4851	80	36	innovation	innovation	NOUN
fbem-4851	80	37	.	.	PUNCT
fbem-4851	81	1	as	as	ADP
fbem-4851	81	2	for	for	ADP
fbem-4851	81	3	the	the	DET
fbem-4851	81	4	calculation	calculation	NOUN
fbem-4851	81	5	method	method	NOUN
fbem-4851	81	6	of	of	ADP
fbem-4851	81	7	assetlight	assetlight	NOUN
fbem-4851	81	8	operation	operation	NOUN
fbem-4851	81	9	indicators	indicator	NOUN
fbem-4851	81	10	,	,	PUNCT
fbem-4851	81	11	some	some	DET
fbem-4851	81	12	scholars	scholar	NOUN
fbem-4851	81	13	use	use	VERB
fbem-4851	81	14	the	the	DET
fbem-4851	81	15	method	method	NOUN
fbem-4851	81	16	of	of	ADP
fbem-4851	81	17	constructing	construct	VERB
fbem-4851	81	18	a	a	DET
fbem-4851	81	19	single	single	ADJ
fbem-4851	81	20	indicator	indicator	NOUN
fbem-4851	81	21	,	,	PUNCT
fbem-4851	81	22	dummy	dummy	ADJ
fbem-4851	81	23	variable	variable	NOUN
fbem-4851	81	24	,	,	PUNCT
fbem-4851	81	25	weighted	weight	VERB
fbem-4851	81	26	average	average	ADJ
fbem-4851	81	27	,	,	PUNCT
fbem-4851	81	28	and	and	CCONJ
fbem-4851	81	29	principal	principal	ADJ
fbem-4851	81	30	component	component	NOUN
fbem-4851	81	31	analysis	analysis	NOUN
fbem-4851	81	32	to	to	PART
fbem-4851	81	33	measure	measure	VERB
fbem-4851	81	34	it	it	PRON
fbem-4851	81	35	.	.	PUNCT
fbem-4851	82	1	however	however	ADV
fbem-4851	82	2	,	,	PUNCT
fbem-4851	82	3	the	the	DET
fbem-4851	82	4	single	single	ADJ
fbem-4851	82	5	indicator	indicator	NOUN
fbem-4851	82	6	method	method	NOUN
fbem-4851	82	7	is	be	AUX
fbem-4851	82	8	not	not	PART
fbem-4851	82	9	comprehensive	comprehensive	ADJ
fbem-4851	82	10	enough	enough	ADV
fbem-4851	82	11	,	,	PUNCT
fbem-4851	82	12	the	the	DET
fbem-4851	82	13	threshold	threshold	NOUN
fbem-4851	82	14	standard	standard	NOUN
fbem-4851	82	15	determined	determine	VERB
fbem-4851	82	16	by	by	ADP
fbem-4851	82	17	dummy	dummy	ADJ
fbem-4851	82	18	variable	variable	ADJ
fbem-4851	82	19	method	method	NOUN
fbem-4851	82	20	is	be	AUX
fbem-4851	82	21	too	too	ADV
fbem-4851	82	22	subjective	subjective	ADJ
fbem-4851	82	23	,	,	PUNCT
fbem-4851	82	24	and	and	CCONJ
fbem-4851	82	25	it	it	PRON
fbem-4851	82	26	can	can	AUX
fbem-4851	82	27	not	not	PART
fbem-4851	82	28	well	well	ADV
fbem-4851	82	29	represent	represent	VERB
fbem-4851	82	30	the	the	DET
fbem-4851	82	31	difference	difference	NOUN
fbem-4851	82	32	between	between	ADP
fbem-4851	82	33	enterprises	enterprise	NOUN
fbem-4851	82	34	in	in	ADP
fbem-4851	82	35	the	the	DET
fbem-4851	82	36	degree	degree	NOUN
fbem-4851	82	37	of	of	ADP
fbem-4851	82	38	asset	asset	NOUN
fbem-4851	82	39	-	-	PUNCT
fbem-4851	82	40	light	light	NOUN
fbem-4851	82	41	operation	operation	NOUN
fbem-4851	82	42	.	.	PUNCT
fbem-4851	83	1	the	the	DET
fbem-4851	83	2	weighting	weighting	NOUN
fbem-4851	83	3	method	method	NOUN
fbem-4851	83	4	is	be	AUX
fbem-4851	83	5	too	too	ADV
fbem-4851	83	6	subjective	subjective	ADJ
fbem-4851	83	7	,	,	PUNCT
fbem-4851	83	8	and	and	CCONJ
fbem-4851	83	9	the	the	DET
fbem-4851	83	10	weight	weight	NOUN
fbem-4851	83	11	is	be	AUX
fbem-4851	83	12	slightly	slightly	ADV
fbem-4851	83	13	changed	change	VERB
fbem-4851	83	14	,	,	PUNCT
fbem-4851	83	15	may	may	AUX
fbem-4851	83	16	produce	produce	VERB
fbem-4851	83	17	completely	completely	ADV
fbem-4851	83	18	different	different	ADJ
fbem-4851	83	19	results	result	NOUN
fbem-4851	83	20	.	.	PUNCT
fbem-4851	84	1	references	reference	NOUN
fbem-4851	84	2	[	[	X
fbem-4851	84	3	1	1	NUM
fbem-4851	84	4	]	]	X
fbem-4851	84	5	surdu	surdu	NOUN
fbem-4851	84	6	g.	g.	PROPN
fbem-4851	84	7	the	the	DET
fbem-4851	84	8	internationalization	internationalization	NOUN
fbem-4851	84	9	process	process	NOUN
fbem-4851	84	10	and	and	CCONJ
fbem-4851	84	11	the	the	DET
fbem-4851	84	12	asset	asset	NOUN
fbem-4851	84	13	-	-	PUNCT
fbem-4851	84	14	light	light	NOUN
fbem-4851	84	15	approach[j	approach[j	PROPN
fbem-4851	84	16	]	]	PUNCT
fbem-4851	84	17	.	.	PUNCT
fbem-4851	85	1	romanian	romanian	ADJ
fbem-4851	85	2	economic	economic	ADJ
fbem-4851	85	3	and	and	CCONJ
fbem-4851	85	4	business	business	NOUN
fbem-4851	85	5	review	review	NOUN
fbem-4851	85	6	,	,	PUNCT
fbem-4851	85	7	2011	2011	NUM
fbem-4851	85	8	,	,	PUNCT
fbem-4851	85	9	6(1	6(1	NUM
fbem-4851	85	10	):	):	PUNCT
fbem-4851	85	11	184	184	NUM
fbem-4851	85	12	.	.	PUNCT
fbem-4851	86	1	[	[	X
fbem-4851	86	2	2	2	NUM
fbem-4851	86	3	]	]	X
fbem-4851	86	4	gannon	gannon	PROPN
fbem-4851	86	5	j	j	PROPN
fbem-4851	86	6	,	,	PUNCT
fbem-4851	86	7	roper	roper	PROPN
fbem-4851	86	8	a	a	PROPN
fbem-4851	86	9	,	,	PUNCT
fbem-4851	86	10	doherty	doherty	PROPN
fbem-4851	86	11	l.	l.	PROPN
fbem-4851	86	12	the	the	DET
fbem-4851	86	13	impact	impact	NOUN
fbem-4851	86	14	of	of	ADP
fbem-4851	86	15	hotel	hotel	NOUN
fbem-4851	86	16	management	management	NOUN
fbem-4851	86	17	contracting	contracting	NOUN
fbem-4851	86	18	on	on	ADP
fbem-4851	86	19	ihrm	ihrm	NOUN
fbem-4851	86	20	practices	practice	NOUN
fbem-4851	86	21	understanding	understand	VERB
fbem-4851	86	22	the	the	DET
fbem-4851	86	23	bricks	brick	NOUN
fbem-4851	86	24	and	and	CCONJ
fbem-4851	86	25	brains	brain	NOUN
fbem-4851	86	26	split[j	split[j	ADV
fbem-4851	86	27	]	]	PUNCT
fbem-4851	86	28	.	.	PUNCT
fbem-4851	87	1	international	international	ADJ
fbem-4851	87	2	journal	journal	PROPN
fbem-4851	87	3	of	of	ADP
fbem-4851	87	4	contemporary	contemporary	PROPN
fbem-4851	87	5	hospitality	hospitality	PROPN
fbem-4851	87	6	management	management	NOUN
fbem-4851	87	7	,	,	PUNCT
fbem-4851	87	8	2010	2010	NUM
fbem-4851	87	9	,	,	PUNCT
fbem-4851	87	10	22(4	22(4	NUM
fbem-4851	87	11	-	-	SYM
fbem-4851	87	12	5	5	NUM
fbem-4851	87	13	)	)	PUNCT
fbem-4851	87	14	:	:	PUNCT
fbem-4851	87	15	p.638658	p.638658	NOUN
fbem-4851	87	16	.	.	PUNCT
fbem-4851	88	1	[	[	X
fbem-4851	88	2	3	3	NUM
fbem-4851	88	3	]	]	X
fbem-4851	88	4	liou	liou	NOUN
fbem-4851	88	5	f	f	PROPN
fbem-4851	88	6	m.	m.	NOUN
fbem-4851	88	7	the	the	DET
fbem-4851	88	8	effects	effect	NOUN
fbem-4851	88	9	of	of	ADP
fbem-4851	88	10	asset	asset	NOUN
fbem-4851	88	11	-	-	PUNCT
fbem-4851	88	12	light	light	NOUN
fbem-4851	88	13	strategy	strategy	NOUN
fbem-4851	88	14	on	on	ADP
fbem-4851	88	15	competitive	competitive	ADJ
fbem-4851	88	16	advantage	advantage	NOUN
fbem-4851	88	17	in	in	ADP
fbem-4851	88	18	the	the	DET
fbem-4851	88	19	telephone	telephone	NOUN
fbem-4851	88	20	communications	communication	NOUN
fbem-4851	88	21	industry[j	industry[j	NOUN
fbem-4851	88	22	]	]	PUNCT
fbem-4851	88	23	.	.	PUNCT
fbem-4851	89	1	technology	technology	NOUN
fbem-4851	89	2	analysis	analysis	NOUN
fbem-4851	89	3	&	&	CCONJ
fbem-4851	89	4	strategic	strategic	ADJ
fbem-4851	89	5	management	management	NOUN
fbem-4851	89	6	,	,	PUNCT
fbem-4851	89	7	2011	2011	NUM
fbem-4851	89	8	,	,	PUNCT
fbem-4851	89	9	23	23	NUM
fbem-4851	89	10	(	(	PUNCT
fbem-4851	89	11	9	9	NUM
fbem-4851	89	12	):	):	PUNCT
fbem-4851	89	13	951	951	NUM
fbem-4851	89	14	-	-	SYM
fbem-4851	89	15	967	967	NUM
fbem-4851	89	16	.	.	PUNCT
fbem-4851	90	1	[	[	X
fbem-4851	90	2	4	4	X
fbem-4851	90	3	]	]	X
fbem-4851	90	4	wen	wen	PROPN
fbem-4851	90	5	h	h	PROPN
fbem-4851	90	6	c	c	PROPN
fbem-4851	90	7	,	,	PUNCT
fbem-4851	90	8	huang	huang	PROPN
fbem-4851	90	9	j	j	PROPN
fbem-4851	90	10	h	h	PROPN
fbem-4851	90	11	,	,	PUNCT
fbem-4851	90	12	cheng	cheng	PROPN
fbem-4851	90	13	y	y	PROPN
fbem-4851	90	14	l.	l.	PROPN
fbem-4851	90	15	what	what	PRON
fbem-4851	90	16	japanese	japanese	ADJ
fbem-4851	90	17	semiconductor	semiconductor	NOUN
fbem-4851	90	18	enterprises	enterprise	NOUN
fbem-4851	90	19	can	can	AUX
fbem-4851	90	20	learn	learn	VERB
fbem-4851	90	21	from	from	ADP
fbem-4851	90	22	the	the	DET
fbem-4851	90	23	asset	asset	NOUN
fbem-4851	90	24	-	-	PUNCT
fbem-4851	90	25	light	light	NOUN
fbem-4851	90	26	business	business	NOUN
fbem-4851	90	27	model	model	NOUN
fbem-4851	90	28	for	for	ADP
fbem-4851	90	29	sustainable	sustainable	ADJ
fbem-4851	90	30	competitive	competitive	ADJ
fbem-4851	90	31	advantage[j	advantage[j	NOUN
fbem-4851	90	32	]	]	PUNCT
fbem-4851	90	33	.	.	PUNCT
fbem-4851	91	1	asian	asian	PROPN
fbem-4851	91	2	business	business	PROPN
fbem-4851	91	3	&	&	CCONJ
fbem-4851	91	4	management	management	PROPN
fbem-4851	91	5	,	,	PUNCT
fbem-4851	91	6	2012	2012	NUM
fbem-4851	91	7	,	,	PUNCT
fbem-4851	91	8	11(5	11(5	NUM
fbem-4851	91	9	):	):	PUNCT
fbem-4851	91	10	615	615	NUM
fbem-4851	91	11	-	-	SYM
fbem-4851	91	12	649	649	NUM
fbem-4851	91	13	.	.	PUNCT
fbem-4851	92	1	[	[	X
fbem-4851	92	2	5	5	X
fbem-4851	92	3	]	]	X
fbem-4851	92	4	wang	wang	PROPN
fbem-4851	92	5	w	w	PROPN
fbem-4851	92	6	k	k	PROPN
fbem-4851	92	7	,	,	PUNCT
fbem-4851	92	8	lin	lin	PROPN
fbem-4851	92	9	f	f	PROPN
fbem-4851	92	10	,	,	PUNCT
fbem-4851	92	11	ting	te	VERB
fbem-4851	92	12	i	i	PRON
fbem-4851	93	1	w	w	PROPN
fbem-4851	93	2	k	k	PROPN
fbem-4851	93	3	,	,	PUNCT
fbem-4851	93	4	et	et	PROPN
fbem-4851	93	5	al	al	PROPN
fbem-4851	93	6	.	.	PROPN
fbem-4851	93	7	does	do	AUX
fbem-4851	93	8	asset	asset	NOUN
fbem-4851	93	9	-	-	PUNCT
fbem-4851	93	10	light	light	NOUN
fbem-4851	93	11	strategy	strategy	NOUN
fbem-4851	93	12	contribute	contribute	VERB
fbem-4851	93	13	to	to	ADP
fbem-4851	93	14	the	the	DET
fbem-4851	93	15	dynamic	dynamic	ADJ
fbem-4851	93	16	efficiency	efficiency	NOUN
fbem-4851	93	17	of	of	ADP
fbem-4851	93	18	global	global	ADJ
fbem-4851	93	19	airlines	airline	NOUN
fbem-4851	93	20	?	?	PUNCT
fbem-4851	94	1	[	[	X
fbem-4851	94	2	j	j	X
fbem-4851	94	3	]	]	X
fbem-4851	94	4	.	.	PUNCT
fbem-4851	95	1	journal	journal	PROPN
fbem-4851	95	2	of	of	ADP
fbem-4851	95	3	air	air	PROPN
fbem-4851	95	4	transport	transport	PROPN
fbem-4851	95	5	management	management	NOUN
fbem-4851	95	6	,	,	PUNCT
fbem-4851	95	7	2017	2017	NUM
fbem-4851	95	8	,	,	PUNCT
fbem-4851	95	9	62	62	NUM
fbem-4851	95	10	:	:	SYM
fbem-4851	95	11	99	99	NUM
fbem-4851	95	12	-	-	SYM
fbem-4851	95	13	108	108	NUM
fbem-4851	95	14	.	.	PUNCT
fbem-4851	96	1	[	[	X
fbem-4851	96	2	6	6	NUM
fbem-4851	96	3	]	]	X
fbem-4851	96	4	kim	kim	PROPN
fbem-4851	96	5	s	s	PROPN
fbem-4851	96	6	h	h	PROPN
fbem-4851	96	7	,	,	PUNCT
fbem-4851	96	8	noh	noh	PROPN
fbem-4851	96	9	s	s	PROPN
fbem-4851	96	10	,	,	PUNCT
fbem-4851	96	11	lee	lee	PROPN
fbem-4851	96	12	s	s	PROPN
fbem-4851	96	13	k.	k.	PROPN
fbem-4851	96	14	asset	asset	NOUN
fbem-4851	96	15	-	-	PUNCT
fbem-4851	96	16	light	light	NOUN
fbem-4851	96	17	strategy	strategy	NOUN
fbem-4851	96	18	and	and	CCONJ
fbem-4851	96	19	real	real	ADJ
fbem-4851	96	20	estate	estate	NOUN
fbem-4851	96	21	risk	risk	NOUN
fbem-4851	96	22	of	of	ADP
fbem-4851	96	23	lodging	lodge	VERB
fbem-4851	96	24	c−	c−	ADJ
fbem-4851	96	25	corps	corp	NOUN
fbem-4851	96	26	and	and	CCONJ
fbem-4851	96	27	reits[j	reits[j	NOUN
fbem-4851	96	28	]	]	PUNCT
fbem-4851	96	29	.	.	PUNCT
fbem-4851	97	1	international	international	ADJ
fbem-4851	97	2	journal	journal	PROPN
fbem-4851	97	3	of	of	ADP
fbem-4851	97	4	hospitality	hospitality	PROPN
fbem-4851	97	5	management	management	NOUN
fbem-4851	97	6	,	,	PUNCT
fbem-4851	97	7	2019	2019	NUM
fbem-4851	97	8	,	,	PUNCT
fbem-4851	97	9	78	78	NUM
fbem-4851	97	10	:	:	PUNCT
fbem-4851	97	11	214	214	NUM
fbem-4851	97	12	-	-	SYM
fbem-4851	97	13	222	222	NUM
fbem-4851	97	14	.	.	PUNCT
fbem-4851	98	1	[	[	X
fbem-4851	98	2	7	7	X
fbem-4851	98	3	]	]	X
fbem-4851	98	4	yu	yu	PROPN
fbem-4851	98	5	x.	x.	NOUN
fbem-4851	98	6	the	the	DET
fbem-4851	98	7	impact	impact	NOUN
fbem-4851	98	8	of	of	ADP
fbem-4851	98	9	asset	asset	NOUN
fbem-4851	98	10	-	-	PUNCT
fbem-4851	98	11	light	light	NOUN
fbem-4851	98	12	strategy	strategy	NOUN
fbem-4851	98	13	on	on	ADP
fbem-4851	98	14	companies	company	NOUN
fbem-4851	98	15	’	'	PUNCT
fbem-4851	98	16	profitability[j	profitability[j	PROPN
fbem-4851	98	17	]	]	PUNCT
fbem-4851	98	18	.	.	PUNCT
fbem-4851	99	1	journal	journal	PROPN
fbem-4851	99	2	of	of	ADP
fbem-4851	99	3	advances	advance	NOUN
fbem-4851	99	4	in	in	ADP
fbem-4851	99	5	economics	economic	NOUN
fbem-4851	99	6	and	and	CCONJ
fbem-4851	99	7	finance	finance	NOUN
fbem-4851	99	8	,	,	PUNCT
fbem-4851	99	9	2018	2018	NUM
fbem-4851	99	10	,	,	PUNCT
fbem-4851	99	11	3(2	3(2	NUM
fbem-4851	99	12	)	)	PUNCT
fbem-4851	99	13	.	.	PUNCT