id	sid	tid	token	lemma	pos
fbem-4881	1	1	frontiers	frontier	NOUN
fbem-4881	1	2	in	in	ADP
fbem-4881	1	3	business	business	NOUN
fbem-4881	1	4	,	,	PUNCT
fbem-4881	1	5	economics	economic	NOUN
fbem-4881	1	6	and	and	CCONJ
fbem-4881	1	7	management	management	NOUN
fbem-4881	1	8	issn	issn	PROPN
fbem-4881	1	9	:	:	PUNCT
fbem-4881	1	10	2766	2766	NUM
fbem-4881	1	11	-	-	PUNCT
fbem-4881	1	12	824x	824x	NUM
fbem-4881	1	13	|	|	ADJ
fbem-4881	1	14	vol	vol	NOUN
fbem-4881	1	15	.	.	PUNCT
fbem-4881	2	1	7	7	NUM
fbem-4881	2	2	,	,	PUNCT
fbem-4881	2	3	no	no	INTJ
fbem-4881	2	4	.	.	NOUN
fbem-4881	2	5	2	2	NUM
fbem-4881	2	6	,	,	PUNCT
fbem-4881	2	7	2023	2023	NUM
fbem-4881	2	8	138	138	NUM
fbem-4881	2	9	research	research	NOUN
fbem-4881	2	10	on	on	ADP
fbem-4881	2	11	the	the	DET
fbem-4881	2	12	impact	impact	NOUN
fbem-4881	2	13	of	of	ADP
fbem-4881	2	14	environmental	environmental	ADJ
fbem-4881	2	15	investment	investment	NOUN
fbem-4881	2	16	and	and	CCONJ
fbem-4881	2	17	environmental	environmental	ADJ
fbem-4881	2	18	performance	performance	NOUN
fbem-4881	2	19	yingfeng	yingfeng	PROPN
fbem-4881	2	20	wang1	wang1	PROPN
fbem-4881	2	21	,	,	PUNCT
fbem-4881	2	22	a	a	DET
fbem-4881	2	23	,	,	PUNCT
fbem-4881	2	24	xiaoli	xiaoli	PROPN
fbem-4881	2	25	han1	han1	PROPN
fbem-4881	2	26	,	,	PUNCT
fbem-4881	2	27	jialing	jialing	PROPN
fbem-4881	2	28	guo1	guo1	PROPN
fbem-4881	2	29	1jiangxi	1jiangxi	PROPN
fbem-4881	2	30	university	university	PROPN
fbem-4881	2	31	of	of	ADP
fbem-4881	2	32	finance	finance	NOUN
fbem-4881	2	33	and	and	CCONJ
fbem-4881	2	34	economics	economic	NOUN
fbem-4881	2	35	,	,	PUNCT
fbem-4881	2	36	jiangxi	jiangxi	PROPN
fbem-4881	2	37	,	,	PUNCT
fbem-4881	2	38	nanchang	nanchang	PROPN
fbem-4881	2	39	,	,	PUNCT
fbem-4881	2	40	330000	330000	NUM
fbem-4881	2	41	,	,	PUNCT
fbem-4881	2	42	china	china	PROPN
fbem-4881	2	43	aemail	aemail	NOUN
fbem-4881	2	44	:	:	PUNCT
fbem-4881	2	45	wyf163@163.com	wyf163@163.com	X
fbem-4881	2	46	abstract	abstract	ADJ
fbem-4881	2	47	:	:	PUNCT
fbem-4881	2	48	in	in	ADP
fbem-4881	2	49	the	the	DET
fbem-4881	2	50	context	context	NOUN
fbem-4881	2	51	of	of	ADP
fbem-4881	2	52	the	the	DET
fbem-4881	2	53	national	national	ADJ
fbem-4881	2	54	"	"	PUNCT
fbem-4881	2	55	double	double	ADJ
fbem-4881	2	56	carbon	carbon	NOUN
fbem-4881	2	57	"	"	PUNCT
fbem-4881	2	58	goal	goal	NOUN
fbem-4881	2	59	,	,	PUNCT
fbem-4881	2	60	it	it	PRON
fbem-4881	2	61	is	be	AUX
fbem-4881	2	62	important	important	ADJ
fbem-4881	2	63	to	to	PART
fbem-4881	2	64	advocate	advocate	VERB
fbem-4881	2	65	enterprises	enterprise	NOUN
fbem-4881	2	66	to	to	PART
fbem-4881	2	67	make	make	VERB
fbem-4881	2	68	environmental	environmental	ADJ
fbem-4881	2	69	investment	investment	NOUN
fbem-4881	2	70	,	,	PUNCT
fbem-4881	2	71	increase	increase	VERB
fbem-4881	2	72	environmental	environmental	ADJ
fbem-4881	2	73	protection	protection	NOUN
fbem-4881	2	74	investment	investment	NOUN
fbem-4881	2	75	,	,	PUNCT
fbem-4881	2	76	improve	improve	VERB
fbem-4881	2	77	the	the	DET
fbem-4881	2	78	environmental	environmental	ADJ
fbem-4881	2	79	performance	performance	NOUN
fbem-4881	2	80	of	of	ADP
fbem-4881	2	81	enterprises	enterprise	NOUN
fbem-4881	2	82	,	,	PUNCT
fbem-4881	2	83	and	and	CCONJ
fbem-4881	2	84	take	take	VERB
fbem-4881	2	85	the	the	DET
fbem-4881	2	86	path	path	NOUN
fbem-4881	2	87	of	of	ADP
fbem-4881	2	88	green	green	ADJ
fbem-4881	2	89	and	and	CCONJ
fbem-4881	2	90	sustainable	sustainable	ADJ
fbem-4881	2	91	development	development	NOUN
fbem-4881	2	92	.	.	PUNCT
fbem-4881	3	1	this	this	DET
fbem-4881	3	2	paper	paper	NOUN
fbem-4881	3	3	selects	select	VERB
fbem-4881	3	4	data	datum	NOUN
fbem-4881	3	5	related	relate	VERB
fbem-4881	3	6	to	to	ADP
fbem-4881	3	7	a	a	DET
fbem-4881	3	8	-	-	PUNCT
fbem-4881	3	9	share	share	NOUN
fbem-4881	3	10	listed	list	VERB
fbem-4881	3	11	companies	company	NOUN
fbem-4881	3	12	in	in	ADP
fbem-4881	3	13	shanghai	shanghai	PROPN
fbem-4881	3	14	and	and	CCONJ
fbem-4881	3	15	shenzhen	shenzhen	PROPN
fbem-4881	3	16	from	from	ADP
fbem-4881	3	17	2019	2019	NUM
fbem-4881	3	18	to	to	ADP
fbem-4881	3	19	2020	2020	NUM
fbem-4881	3	20	,	,	PUNCT
fbem-4881	3	21	takes	take	VERB
fbem-4881	3	22	the	the	DET
fbem-4881	3	23	environmental	environmental	ADJ
fbem-4881	3	24	protection	protection	NOUN
fbem-4881	3	25	input	input	NOUN
fbem-4881	3	26	of	of	ADP
fbem-4881	3	27	enterprises	enterprise	NOUN
fbem-4881	3	28	as	as	ADP
fbem-4881	3	29	the	the	DET
fbem-4881	3	30	starting	starting	NOUN
fbem-4881	3	31	point	point	NOUN
fbem-4881	3	32	,	,	PUNCT
fbem-4881	3	33	adds	add	VERB
fbem-4881	3	34	financial	financial	ADJ
fbem-4881	3	35	indicators	indicator	NOUN
fbem-4881	3	36	and	and	CCONJ
fbem-4881	3	37	corporate	corporate	ADJ
fbem-4881	3	38	governance	governance	NOUN
fbem-4881	3	39	indicators	indicator	NOUN
fbem-4881	3	40	and	and	CCONJ
fbem-4881	3	41	other	other	ADJ
fbem-4881	3	42	related	related	ADJ
fbem-4881	3	43	variables	variable	NOUN
fbem-4881	3	44	,	,	PUNCT
fbem-4881	3	45	and	and	CCONJ
fbem-4881	3	46	elaborates	elaborate	VERB
fbem-4881	3	47	the	the	DET
fbem-4881	3	48	relationship	relationship	NOUN
fbem-4881	3	49	between	between	ADP
fbem-4881	3	50	environmental	environmental	ADJ
fbem-4881	3	51	protection	protection	NOUN
fbem-4881	3	52	input	input	NOUN
fbem-4881	3	53	and	and	CCONJ
fbem-4881	3	54	other	other	ADJ
fbem-4881	3	55	related	related	ADJ
fbem-4881	3	56	variables	variable	NOUN
fbem-4881	3	57	and	and	CCONJ
fbem-4881	3	58	the	the	DET
fbem-4881	3	59	environmental	environmental	ADJ
fbem-4881	3	60	performance	performance	NOUN
fbem-4881	3	61	of	of	ADP
fbem-4881	3	62	enterprises	enterprise	NOUN
fbem-4881	3	63	through	through	ADP
fbem-4881	3	64	descriptive	descriptive	ADJ
fbem-4881	3	65	analysis	analysis	NOUN
fbem-4881	3	66	,	,	PUNCT
fbem-4881	3	67	correlation	correlation	NOUN
fbem-4881	3	68	analysis	analysis	NOUN
fbem-4881	3	69	and	and	CCONJ
fbem-4881	3	70	regression	regression	VERB
fbem-4881	3	71	analysis	analysis	NOUN
fbem-4881	3	72	as	as	ADV
fbem-4881	3	73	well	well	ADV
fbem-4881	3	74	as	as	ADP
fbem-4881	3	75	robust	robust	ADJ
fbem-4881	3	76	type	type	NOUN
fbem-4881	3	77	analysis	analysis	NOUN
fbem-4881	3	78	.	.	PUNCT
fbem-4881	4	1	this	this	DET
fbem-4881	4	2	paper	paper	NOUN
fbem-4881	4	3	concludes	conclude	VERB
fbem-4881	4	4	that	that	SCONJ
fbem-4881	4	5	corporate	corporate	ADJ
fbem-4881	4	6	environmental	environmental	ADJ
fbem-4881	4	7	investment	investment	NOUN
fbem-4881	4	8	is	be	AUX
fbem-4881	4	9	significantly	significantly	ADV
fbem-4881	4	10	and	and	CCONJ
fbem-4881	4	11	positively	positively	ADV
fbem-4881	4	12	related	relate	VERB
fbem-4881	4	13	to	to	ADP
fbem-4881	4	14	environmental	environmental	ADJ
fbem-4881	4	15	performance	performance	NOUN
fbem-4881	4	16	.	.	PUNCT
fbem-4881	5	1	the	the	DET
fbem-4881	5	2	environmental	environmental	PROPN
fbem-4881	5	3	protection	protection	PROPN
fbem-4881	5	4	investment	investment	NOUN
fbem-4881	5	5	of	of	ADP
fbem-4881	5	6	enterprises	enterprise	NOUN
fbem-4881	5	7	is	be	AUX
fbem-4881	5	8	crucial	crucial	ADJ
fbem-4881	5	9	to	to	ADP
fbem-4881	5	10	the	the	DET
fbem-4881	5	11	improvement	improvement	NOUN
fbem-4881	5	12	of	of	ADP
fbem-4881	5	13	the	the	DET
fbem-4881	5	14	whole	whole	ADJ
fbem-4881	5	15	social	social	ADJ
fbem-4881	5	16	environment	environment	NOUN
fbem-4881	5	17	,	,	PUNCT
fbem-4881	5	18	and	and	CCONJ
fbem-4881	5	19	government	government	NOUN
fbem-4881	5	20	departments	department	NOUN
fbem-4881	5	21	should	should	AUX
fbem-4881	5	22	formulate	formulate	VERB
fbem-4881	5	23	relevant	relevant	ADJ
fbem-4881	5	24	policies	policy	NOUN
fbem-4881	5	25	to	to	PART
fbem-4881	5	26	strengthen	strengthen	VERB
fbem-4881	5	27	the	the	DET
fbem-4881	5	28	guidance	guidance	NOUN
fbem-4881	5	29	for	for	SCONJ
fbem-4881	5	30	enterprises	enterprise	NOUN
fbem-4881	5	31	to	to	PART
fbem-4881	5	32	increase	increase	VERB
fbem-4881	5	33	their	their	PRON
fbem-4881	5	34	environmental	environmental	ADJ
fbem-4881	5	35	protection	protection	NOUN
fbem-4881	5	36	investment	investment	NOUN
fbem-4881	5	37	,	,	PUNCT
fbem-4881	5	38	require	require	VERB
fbem-4881	5	39	them	they	PRON
fbem-4881	5	40	to	to	PART
fbem-4881	5	41	strictly	strictly	ADV
fbem-4881	5	42	comply	comply	VERB
fbem-4881	5	43	with	with	ADP
fbem-4881	5	44	the	the	DET
fbem-4881	5	45	social	social	ADJ
fbem-4881	5	46	responsibility	responsibility	NOUN
fbem-4881	5	47	disclosure	disclosure	NOUN
fbem-4881	5	48	system	system	NOUN
fbem-4881	5	49	,	,	PUNCT
fbem-4881	5	50	and	and	CCONJ
fbem-4881	5	51	promote	promote	VERB
fbem-4881	5	52	the	the	DET
fbem-4881	5	53	in	in	ADP
fbem-4881	5	54	-	-	PUNCT
fbem-4881	5	55	depth	depth	NOUN
fbem-4881	5	56	development	development	NOUN
fbem-4881	5	57	of	of	ADP
fbem-4881	5	58	esg	esg	PROPN
fbem-4881	5	59	concept	concept	NOUN
fbem-4881	5	60	in	in	ADP
fbem-4881	5	61	china	china	PROPN
fbem-4881	5	62	.	.	PUNCT
fbem-4881	6	1	keywords	keyword	NOUN
fbem-4881	6	2	:	:	PUNCT
fbem-4881	6	3	environmental	environmental	ADJ
fbem-4881	6	4	performance	performance	NOUN
fbem-4881	6	5	,	,	PUNCT
fbem-4881	6	6	esg	esg	PROPN
fbem-4881	6	7	,	,	PUNCT
fbem-4881	6	8	social	social	ADJ
fbem-4881	6	9	responsibility	responsibility	NOUN
fbem-4881	6	10	.	.	PUNCT
fbem-4881	7	1	1	1	X
fbem-4881	7	2	.	.	X
fbem-4881	7	3	introduction	introduction	NOUN
fbem-4881	7	4	with	with	ADP
fbem-4881	7	5	the	the	DET
fbem-4881	7	6	introduction	introduction	NOUN
fbem-4881	7	7	of	of	ADP
fbem-4881	7	8	the	the	DET
fbem-4881	7	9	"	"	PUNCT
fbem-4881	7	10	double	double	ADJ
fbem-4881	7	11	carbon	carbon	NOUN
fbem-4881	7	12	"	"	PUNCT
fbem-4881	7	13	target	target	NOUN
fbem-4881	7	14	,	,	PUNCT
fbem-4881	7	15	the	the	DET
fbem-4881	7	16	whole	whole	ADJ
fbem-4881	7	17	chinese	chinese	ADJ
fbem-4881	7	18	society	society	NOUN
fbem-4881	7	19	has	have	AUX
fbem-4881	7	20	raised	raise	VERB
fbem-4881	7	21	its	its	PRON
fbem-4881	7	22	concern	concern	NOUN
fbem-4881	7	23	and	and	CCONJ
fbem-4881	7	24	awareness	awareness	NOUN
fbem-4881	7	25	of	of	ADP
fbem-4881	7	26	green	green	ADJ
fbem-4881	7	27	,	,	PUNCT
fbem-4881	7	28	environmental	environmental	ADJ
fbem-4881	7	29	protection	protection	NOUN
fbem-4881	7	30	and	and	CCONJ
fbem-4881	7	31	low	low	ADJ
fbem-4881	7	32	-	-	PUNCT
fbem-4881	7	33	carbon	carbon	NOUN
fbem-4881	7	34	lifestyle	lifestyle	NOUN
fbem-4881	7	35	to	to	ADP
fbem-4881	7	36	a	a	DET
fbem-4881	7	37	new	new	ADJ
fbem-4881	7	38	level	level	NOUN
fbem-4881	7	39	.	.	PUNCT
fbem-4881	8	1	from	from	ADP
fbem-4881	8	2	the	the	DET
fbem-4881	8	3	macro	macro	ADJ
fbem-4881	8	4	level	level	NOUN
fbem-4881	8	5	,	,	PUNCT
fbem-4881	8	6	the	the	DET
fbem-4881	8	7	state	state	NOUN
fbem-4881	8	8	has	have	AUX
fbem-4881	8	9	issued	issue	VERB
fbem-4881	8	10	two	two	NUM
fbem-4881	8	11	top	top	ADJ
fbem-4881	8	12	-	-	PUNCT
fbem-4881	8	13	level	level	NOUN
fbem-4881	8	14	design	design	NOUN
fbem-4881	8	15	documents	document	NOUN
fbem-4881	8	16	to	to	PART
fbem-4881	8	17	set	set	VERB
fbem-4881	8	18	the	the	DET
fbem-4881	8	19	tone	tone	NOUN
fbem-4881	8	20	for	for	ADP
fbem-4881	8	21	china	china	PROPN
fbem-4881	8	22	's	's	PART
fbem-4881	8	23	industrial	industrial	ADJ
fbem-4881	8	24	structure	structure	NOUN
fbem-4881	8	25	upgrade	upgrade	VERB
fbem-4881	8	26	and	and	CCONJ
fbem-4881	8	27	energy	energy	NOUN
fbem-4881	8	28	structure	structure	NOUN
fbem-4881	8	29	transformation	transformation	NOUN
fbem-4881	8	30	,	,	PUNCT
fbem-4881	8	31	and	and	CCONJ
fbem-4881	8	32	relevant	relevant	ADJ
fbem-4881	8	33	supporting	support	VERB
fbem-4881	8	34	policies	policy	NOUN
fbem-4881	8	35	will	will	AUX
fbem-4881	8	36	be	be	AUX
fbem-4881	8	37	launched	launch	VERB
fbem-4881	8	38	one	one	NUM
fbem-4881	8	39	after	after	ADP
fbem-4881	8	40	another	another	PRON
fbem-4881	8	41	to	to	PART
fbem-4881	8	42	guide	guide	VERB
fbem-4881	8	43	enterprises	enterprise	NOUN
fbem-4881	8	44	to	to	PART
fbem-4881	8	45	practice	practice	VERB
fbem-4881	8	46	the	the	DET
fbem-4881	8	47	concept	concept	NOUN
fbem-4881	8	48	of	of	ADP
fbem-4881	8	49	green	green	ADJ
fbem-4881	8	50	and	and	CCONJ
fbem-4881	8	51	sustainable	sustainable	ADJ
fbem-4881	8	52	development	development	NOUN
fbem-4881	8	53	.	.	PUNCT
fbem-4881	9	1	at	at	ADP
fbem-4881	9	2	the	the	DET
fbem-4881	9	3	micro	micro	ADJ
fbem-4881	9	4	level	level	NOUN
fbem-4881	9	5	,	,	PUNCT
fbem-4881	9	6	the	the	DET
fbem-4881	9	7	esg	esg	PROPN
fbem-4881	9	8	investment	investment	NOUN
fbem-4881	9	9	concept	concept	NOUN
fbem-4881	9	10	is	be	AUX
fbem-4881	9	11	being	be	AUX
fbem-4881	9	12	promoted	promote	VERB
fbem-4881	9	13	in	in	ADP
fbem-4881	9	14	china	china	PROPN
fbem-4881	9	15	.	.	PUNCT
fbem-4881	10	1	e	e	PROPN
fbem-4881	10	2	represents	represent	VERB
fbem-4881	10	3	the	the	DET
fbem-4881	10	4	environmental	environmental	ADJ
fbem-4881	10	5	benefits	benefit	NOUN
fbem-4881	10	6	that	that	PRON
fbem-4881	10	7	enterprises	enterprise	NOUN
fbem-4881	10	8	must	must	AUX
fbem-4881	10	9	pay	pay	VERB
fbem-4881	10	10	attention	attention	NOUN
fbem-4881	10	11	to	to	ADP
fbem-4881	10	12	in	in	ADP
fbem-4881	10	13	the	the	DET
fbem-4881	10	14	process	process	NOUN
fbem-4881	10	15	of	of	ADP
fbem-4881	10	16	investment	investment	NOUN
fbem-4881	10	17	and	and	CCONJ
fbem-4881	10	18	production	production	NOUN
fbem-4881	10	19	.	.	PUNCT
fbem-4881	11	1	many	many	ADJ
fbem-4881	11	2	companies	company	NOUN
fbem-4881	11	3	are	be	AUX
fbem-4881	11	4	concerned	concerned	ADJ
fbem-4881	11	5	about	about	ADP
fbem-4881	11	6	whether	whether	SCONJ
fbem-4881	11	7	they	they	PRON
fbem-4881	11	8	can	can	AUX
fbem-4881	11	9	get	get	VERB
fbem-4881	11	10	a	a	DET
fbem-4881	11	11	corresponding	corresponding	ADJ
fbem-4881	11	12	return	return	NOUN
fbem-4881	11	13	on	on	ADP
fbem-4881	11	14	their	their	PRON
fbem-4881	11	15	economic	economic	ADJ
fbem-4881	11	16	investment	investment	NOUN
fbem-4881	11	17	to	to	PART
fbem-4881	11	18	achieve	achieve	VERB
fbem-4881	11	19	environmental	environmental	ADJ
fbem-4881	11	20	performance	performance	NOUN
fbem-4881	11	21	.	.	PUNCT
fbem-4881	12	1	this	this	DET
fbem-4881	12	2	paper	paper	NOUN
fbem-4881	12	3	uses	use	VERB
fbem-4881	12	4	multiple	multiple	ADJ
fbem-4881	12	5	regression	regression	NOUN
fbem-4881	12	6	analysis	analysis	NOUN
fbem-4881	12	7	to	to	PART
fbem-4881	12	8	investigate	investigate	VERB
fbem-4881	12	9	the	the	DET
fbem-4881	12	10	relationship	relationship	NOUN
fbem-4881	12	11	between	between	ADP
fbem-4881	12	12	corporate	corporate	ADJ
fbem-4881	12	13	environmental	environmental	ADJ
fbem-4881	12	14	performance	performance	NOUN
fbem-4881	12	15	and	and	CCONJ
fbem-4881	12	16	environmental	environmental	ADJ
fbem-4881	12	17	investment	investment	NOUN
fbem-4881	12	18	.	.	PUNCT
fbem-4881	13	1	2	2	X
fbem-4881	13	2	.	.	X
fbem-4881	13	3	literature	literature	NOUN
fbem-4881	13	4	review	review	NOUN
fbem-4881	13	5	in	in	ADP
fbem-4881	13	6	the	the	DET
fbem-4881	13	7	21st	21st	ADJ
fbem-4881	13	8	century	century	NOUN
fbem-4881	13	9	,	,	PUNCT
fbem-4881	13	10	esg	esg	NOUN
fbem-4881	13	11	concept	concept	NOUN
fbem-4881	13	12	has	have	AUX
fbem-4881	13	13	been	be	AUX
fbem-4881	13	14	deepened	deepen	VERB
fbem-4881	13	15	and	and	CCONJ
fbem-4881	13	16	esg	esg	NOUN
fbem-4881	13	17	investment	investment	NOUN
fbem-4881	13	18	,	,	PUNCT
fbem-4881	13	19	which	which	PRON
fbem-4881	13	20	is	be	AUX
fbem-4881	13	21	the	the	DET
fbem-4881	13	22	core	core	NOUN
fbem-4881	13	23	of	of	ADP
fbem-4881	13	24	esg	esg	PROPN
fbem-4881	13	25	concept	concept	NOUN
fbem-4881	13	26	,	,	PUNCT
fbem-4881	13	27	has	have	AUX
fbem-4881	13	28	been	be	AUX
fbem-4881	13	29	developed	develop	VERB
fbem-4881	13	30	and	and	CCONJ
fbem-4881	13	31	plays	play	VERB
fbem-4881	13	32	an	an	DET
fbem-4881	13	33	important	important	ADJ
fbem-4881	13	34	role	role	NOUN
fbem-4881	13	35	in	in	ADP
fbem-4881	13	36	improving	improve	VERB
fbem-4881	13	37	corporate	corporate	ADJ
fbem-4881	13	38	environmental	environmental	ADJ
fbem-4881	13	39	performance	performance	NOUN
fbem-4881	13	40	.	.	PUNCT
fbem-4881	14	1	there	there	PRON
fbem-4881	14	2	has	have	AUX
fbem-4881	14	3	been	be	AUX
fbem-4881	14	4	no	no	DET
fbem-4881	14	5	uniform	uniform	NOUN
fbem-4881	14	6	and	and	CCONJ
fbem-4881	14	7	standardized	standardized	ADJ
fbem-4881	14	8	definition	definition	NOUN
fbem-4881	14	9	of	of	ADP
fbem-4881	14	10	the	the	DET
fbem-4881	14	11	concept	concept	NOUN
fbem-4881	14	12	of	of	ADP
fbem-4881	14	13	corporate	corporate	ADJ
fbem-4881	14	14	environmental	environmental	ADJ
fbem-4881	14	15	performance	performance	NOUN
fbem-4881	14	16	.	.	PUNCT
fbem-4881	15	1	hu	hu	PROPN
fbem-4881	15	2	song	song	PROPN
fbem-4881	15	3	(	(	PUNCT
fbem-4881	15	4	2006	2006	NUM
fbem-4881	15	5	)	)	PUNCT
fbem-4881	16	1	[	[	X
fbem-4881	16	2	3]argues	3]argue	NOUN
fbem-4881	16	3	that	that	SCONJ
fbem-4881	16	4	corporate	corporate	ADJ
fbem-4881	16	5	environmental	environmental	ADJ
fbem-4881	16	6	performance	performance	NOUN
fbem-4881	16	7	should	should	AUX
fbem-4881	16	8	be	be	AUX
fbem-4881	16	9	interpreted	interpret	VERB
fbem-4881	16	10	from	from	ADP
fbem-4881	16	11	two	two	NUM
fbem-4881	16	12	perspectives	perspective	NOUN
fbem-4881	16	13	.	.	PUNCT
fbem-4881	17	1	from	from	ADP
fbem-4881	17	2	a	a	DET
fbem-4881	17	3	financial	financial	ADJ
fbem-4881	17	4	perspective	perspective	NOUN
fbem-4881	17	5	,	,	PUNCT
fbem-4881	17	6	he	he	PRON
fbem-4881	17	7	analyzes	analyze	VERB
fbem-4881	17	8	the	the	DET
fbem-4881	17	9	impact	impact	NOUN
fbem-4881	17	10	of	of	ADP
fbem-4881	17	11	corporate	corporate	ADJ
fbem-4881	17	12	behavior	behavior	NOUN
fbem-4881	17	13	in	in	ADP
fbem-4881	17	14	environmental	environmental	ADJ
fbem-4881	17	15	protection	protection	NOUN
fbem-4881	17	16	and	and	CCONJ
fbem-4881	17	17	other	other	ADJ
fbem-4881	17	18	aspects	aspect	NOUN
fbem-4881	17	19	on	on	ADP
fbem-4881	17	20	financial	financial	ADJ
fbem-4881	17	21	performance	performance	NOUN
fbem-4881	17	22	,	,	PUNCT
fbem-4881	17	23	and	and	CCONJ
fbem-4881	17	24	from	from	ADP
fbem-4881	17	25	the	the	DET
fbem-4881	17	26	aspect	aspect	NOUN
fbem-4881	17	27	of	of	ADP
fbem-4881	17	28	environmental	environmental	ADJ
fbem-4881	17	29	quality	quality	NOUN
fbem-4881	17	30	,	,	PUNCT
fbem-4881	17	31	he	he	PRON
fbem-4881	17	32	explores	explore	VERB
fbem-4881	17	33	the	the	DET
fbem-4881	17	34	improvement	improvement	NOUN
fbem-4881	17	35	or	or	CCONJ
fbem-4881	17	36	damage	damage	NOUN
fbem-4881	17	37	of	of	ADP
fbem-4881	17	38	corporate	corporate	ADJ
fbem-4881	17	39	environmental	environmental	ADJ
fbem-4881	17	40	inputs	input	NOUN
fbem-4881	17	41	on	on	ADP
fbem-4881	17	42	environmental	environmental	ADJ
fbem-4881	17	43	conditions	condition	NOUN
fbem-4881	17	44	.	.	PUNCT
fbem-4881	18	1	fang	fang	PROPN
fbem-4881	18	2	xiaojuan	xiaojuan	PROPN
fbem-4881	18	3	(	(	PUNCT
fbem-4881	18	4	2013)[1	2013)[1	NUM
fbem-4881	18	5	]	]	PUNCT
fbem-4881	18	6	,	,	PUNCT
fbem-4881	18	7	on	on	ADP
fbem-4881	18	8	the	the	DET
fbem-4881	18	9	other	other	ADJ
fbem-4881	18	10	hand	hand	NOUN
fbem-4881	18	11	,	,	PUNCT
fbem-4881	18	12	argues	argue	VERB
fbem-4881	18	13	that	that	SCONJ
fbem-4881	18	14	environmental	environmental	ADJ
fbem-4881	18	15	performance	performance	NOUN
fbem-4881	18	16	is	be	AUX
fbem-4881	18	17	the	the	DET
fbem-4881	18	18	effect	effect	NOUN
fbem-4881	18	19	of	of	ADP
fbem-4881	18	20	corporate	corporate	ADJ
fbem-4881	18	21	governance	governance	NOUN
fbem-4881	18	22	in	in	ADP
fbem-4881	18	23	terms	term	NOUN
fbem-4881	18	24	of	of	ADP
fbem-4881	18	25	the	the	DET
fbem-4881	18	26	environment	environment	NOUN
fbem-4881	18	27	and	and	CCONJ
fbem-4881	18	28	that	that	SCONJ
fbem-4881	18	29	environmental	environmental	ADJ
fbem-4881	18	30	performance	performance	NOUN
fbem-4881	18	31	is	be	AUX
fbem-4881	18	32	independent	independent	ADJ
fbem-4881	18	33	of	of	ADP
fbem-4881	18	34	financial	financial	ADJ
fbem-4881	18	35	performance	performance	NOUN
fbem-4881	18	36	.	.	PUNCT
fbem-4881	19	1	as	as	SCONJ
fbem-4881	19	2	can	can	AUX
fbem-4881	19	3	be	be	AUX
fbem-4881	19	4	seen	see	VERB
fbem-4881	19	5	,	,	PUNCT
fbem-4881	19	6	there	there	PRON
fbem-4881	19	7	are	be	VERB
fbem-4881	19	8	various	various	ADJ
fbem-4881	19	9	interpretations	interpretation	NOUN
fbem-4881	19	10	of	of	ADP
fbem-4881	19	11	environmental	environmental	ADJ
fbem-4881	19	12	performance	performance	NOUN
fbem-4881	19	13	,	,	PUNCT
fbem-4881	19	14	and	and	CCONJ
fbem-4881	19	15	the	the	DET
fbem-4881	19	16	different	different	ADJ
fbem-4881	19	17	interpretations	interpretation	NOUN
fbem-4881	19	18	usually	usually	ADV
fbem-4881	19	19	reflect	reflect	VERB
fbem-4881	19	20	the	the	DET
fbem-4881	19	21	actual	actual	ADJ
fbem-4881	19	22	situation	situation	NOUN
fbem-4881	19	23	in	in	ADP
fbem-4881	19	24	a	a	DET
fbem-4881	19	25	particular	particular	ADJ
fbem-4881	19	26	economic	economic	ADJ
fbem-4881	19	27	level	level	NOUN
fbem-4881	19	28	and	and	CCONJ
fbem-4881	19	29	social	social	ADJ
fbem-4881	19	30	context	context	NOUN
fbem-4881	19	31	.	.	PUNCT
fbem-4881	20	1	thus	thus	ADV
fbem-4881	20	2	,	,	PUNCT
fbem-4881	20	3	corporate	corporate	ADJ
fbem-4881	20	4	environmental	environmental	ADJ
fbem-4881	20	5	performance	performance	NOUN
fbem-4881	20	6	is	be	AUX
fbem-4881	20	7	not	not	PART
fbem-4881	20	8	a	a	DET
fbem-4881	20	9	constant	constant	ADJ
fbem-4881	20	10	concept	concept	NOUN
fbem-4881	20	11	,	,	PUNCT
fbem-4881	20	12	but	but	CCONJ
fbem-4881	20	13	evolves	evolve	VERB
fbem-4881	20	14	with	with	ADP
fbem-4881	20	15	socioeconomic	socioeconomic	ADJ
fbem-4881	20	16	development	development	NOUN
fbem-4881	20	17	and	and	CCONJ
fbem-4881	20	18	over	over	ADP
fbem-4881	20	19	time	time	NOUN
fbem-4881	20	20	.	.	PUNCT
fbem-4881	21	1	the	the	DET
fbem-4881	21	2	inconsistent	inconsistent	ADJ
fbem-4881	21	3	description	description	NOUN
fbem-4881	21	4	of	of	ADP
fbem-4881	21	5	firms	firm	NOUN
fbem-4881	21	6	'	'	PART
fbem-4881	21	7	environmental	environmental	ADJ
fbem-4881	21	8	performance	performance	NOUN
fbem-4881	21	9	stems	stem	VERB
fbem-4881	21	10	from	from	ADP
fbem-4881	21	11	the	the	DET
fbem-4881	21	12	diversity	diversity	NOUN
fbem-4881	21	13	of	of	ADP
fbem-4881	21	14	environmental	environmental	ADJ
fbem-4881	21	15	performance	performance	NOUN
fbem-4881	21	16	indicators	indicator	NOUN
fbem-4881	21	17	.	.	PUNCT
fbem-4881	22	1	for	for	ADP
fbem-4881	22	2	example	example	NOUN
fbem-4881	22	3	,	,	PUNCT
fbem-4881	22	4	lv	lv	PROPN
fbem-4881	22	5	,	,	PUNCT
fbem-4881	22	6	j.	j.	PROPN
fbem-4881	22	7	and	and	CCONJ
fbem-4881	22	8	jiao	jiao	PROPN
fbem-4881	22	9	,	,	PUNCT
fbem-4881	22	10	shuyan	shuyan	PROPN
fbem-4881	22	11	(	(	PUNCT
fbem-4881	22	12	2011	2011	NUM
fbem-4881	22	13	)	)	PUNCT
fbem-4881	23	1	[	[	X
fbem-4881	23	2	5	5	NUM
fbem-4881	23	3	]	]	PUNCT
fbem-4881	23	4	used	use	VERB
fbem-4881	23	5	environmental	environmental	ADJ
fbem-4881	23	6	performance	performance	NOUN
fbem-4881	23	7	analysis	analysis	NOUN
fbem-4881	23	8	of	of	ADP
fbem-4881	23	9	the	the	DET
fbem-4881	23	10	environmental	environmental	ADJ
fbem-4881	23	11	penalties	penalty	NOUN
fbem-4881	23	12	imposed	impose	VERB
fbem-4881	23	13	on	on	ADP
fbem-4881	23	14	the	the	DET
fbem-4881	23	15	enterprises	enterprise	NOUN
fbem-4881	23	16	.	.	PUNCT
fbem-4881	24	1	wang	wang	PROPN
fbem-4881	24	2	,	,	PUNCT
fbem-4881	24	3	bo	bo	PROPN
fbem-4881	24	4	,	,	PUNCT
fbem-4881	24	5	and	and	CCONJ
fbem-4881	24	6	zhao	zhao	NOUN
fbem-4881	24	7	,	,	PUNCT
fbem-4881	24	8	yongpeng	yongpeng	PROPN
fbem-4881	24	9	(	(	PUNCT
fbem-4881	24	10	2012	2012	NUM
fbem-4881	24	11	)	)	PUNCT
fbem-4881	25	1	[	[	X
fbem-4881	25	2	6	6	NUM
fbem-4881	25	3	]	]	PUNCT
fbem-4881	25	4	selected	select	VERB
fbem-4881	25	5	three	three	NUM
fbem-4881	25	6	indicators	indicator	NOUN
fbem-4881	25	7	,	,	PUNCT
fbem-4881	25	8	whether	whether	SCONJ
fbem-4881	25	9	the	the	DET
fbem-4881	25	10	firm	firm	NOUN
fbem-4881	25	11	was	be	AUX
fbem-4881	25	12	certified	certify	VERB
fbem-4881	25	13	by	by	ADP
fbem-4881	25	14	the	the	DET
fbem-4881	25	15	environmental	environmental	PROPN
fbem-4881	25	16	protection	protection	PROPN
fbem-4881	25	17	department	department	PROPN
fbem-4881	25	18	,	,	PUNCT
fbem-4881	25	19	whether	whether	SCONJ
fbem-4881	25	20	it	it	PRON
fbem-4881	25	21	received	receive	VERB
fbem-4881	25	22	environmental	environmental	ADJ
fbem-4881	25	23	penalties	penalty	NOUN
fbem-4881	25	24	,	,	PUNCT
fbem-4881	25	25	and	and	CCONJ
fbem-4881	25	26	the	the	DET
fbem-4881	25	27	expenditure	expenditure	NOUN
fbem-4881	25	28	that	that	PRON
fbem-4881	25	29	the	the	DET
fbem-4881	25	30	firm	firm	NOUN
fbem-4881	25	31	invested	invest	VERB
fbem-4881	25	32	in	in	ADP
fbem-4881	25	33	environmental	environmental	ADJ
fbem-4881	25	34	management	management	NOUN
fbem-4881	25	35	.	.	PUNCT
fbem-4881	26	1	some	some	DET
fbem-4881	26	2	other	other	ADJ
fbem-4881	26	3	scholars	scholar	NOUN
fbem-4881	26	4	represent	represent	VERB
fbem-4881	26	5	environmental	environmental	ADJ
fbem-4881	26	6	performance	performance	NOUN
fbem-4881	26	7	by	by	ADP
fbem-4881	26	8	constructing	construct	VERB
fbem-4881	26	9	relevant	relevant	ADJ
fbem-4881	26	10	indicators	indicator	NOUN
fbem-4881	26	11	,	,	PUNCT
fbem-4881	26	12	such	such	ADJ
fbem-4881	26	13	as	as	ADP
fbem-4881	26	14	hu	hu	PROPN
fbem-4881	26	15	quying	quye	VERB
fbem-4881	26	16	(	(	PUNCT
fbem-4881	26	17	2012	2012	NUM
fbem-4881	26	18	)	)	PUNCT
fbem-4881	27	1	[	[	X
fbem-4881	27	2	2	2	X
fbem-4881	27	3	]	]	PUNCT
fbem-4881	27	4	and	and	CCONJ
fbem-4881	27	5	xu	xu	PROPN
fbem-4881	27	6	qing	qing	PROPN
fbem-4881	27	7	(	(	PUNCT
fbem-4881	27	8	2014	2014	NUM
fbem-4881	27	9	)	)	PUNCT
fbem-4881	28	1	[	[	X
fbem-4881	28	2	8	8	NUM
fbem-4881	28	3	]	]	PUNCT
fbem-4881	28	4	use	use	VERB
fbem-4881	28	5	the	the	DET
fbem-4881	28	6	ratio	ratio	NOUN
fbem-4881	28	7	of	of	ADP
fbem-4881	28	8	r&d	r&d	NOUN
fbem-4881	28	9	expenses	expense	NOUN
fbem-4881	28	10	to	to	ADP
fbem-4881	28	11	operating	operating	NOUN
fbem-4881	28	12	costs	cost	NOUN
fbem-4881	28	13	as	as	ADP
fbem-4881	28	14	an	an	DET
fbem-4881	28	15	environmental	environmental	ADJ
fbem-4881	28	16	performance	performance	NOUN
fbem-4881	28	17	indicator	indicator	NOUN
fbem-4881	28	18	,	,	PUNCT
fbem-4881	28	19	and	and	CCONJ
fbem-4881	28	20	li	li	PROPN
fbem-4881	28	21	ping	ping	PROPN
fbem-4881	28	22	and	and	CCONJ
fbem-4881	28	23	wang	wang	PROPN
fbem-4881	28	24	yuqian	yuqian	PROPN
fbem-4881	28	25	(	(	PUNCT
fbem-4881	28	26	2015	2015	NUM
fbem-4881	28	27	)	)	PUNCT
fbem-4881	29	1	[	[	X
fbem-4881	29	2	4	4	X
fbem-4881	29	3	]	]	PUNCT
fbem-4881	29	4	use	use	VERB
fbem-4881	29	5	the	the	DET
fbem-4881	29	6	logarithm	logarithm	NOUN
fbem-4881	29	7	of	of	ADP
fbem-4881	29	8	the	the	DET
fbem-4881	29	9	enterprise	enterprise	NOUN
fbem-4881	29	10	's	's	PART
fbem-4881	29	11	emission	emission	NOUN
fbem-4881	29	12	costs	cost	NOUN
fbem-4881	29	13	to	to	PART
fbem-4881	29	14	measure	measure	VERB
fbem-4881	29	15	it	it	PRON
fbem-4881	29	16	.	.	PUNCT
fbem-4881	30	1	in	in	ADP
fbem-4881	30	2	conclusion	conclusion	NOUN
fbem-4881	30	3	,	,	PUNCT
fbem-4881	30	4	environmental	environmental	ADJ
fbem-4881	30	5	performance	performance	NOUN
fbem-4881	30	6	can	can	AUX
fbem-4881	30	7	be	be	AUX
fbem-4881	30	8	measured	measure	VERB
fbem-4881	30	9	in	in	ADP
fbem-4881	30	10	various	various	ADJ
fbem-4881	30	11	ways	way	NOUN
fbem-4881	30	12	and	and	CCONJ
fbem-4881	30	13	used	use	VERB
fbem-4881	30	14	flexibly	flexibly	ADV
fbem-4881	30	15	according	accord	VERB
fbem-4881	30	16	to	to	ADP
fbem-4881	30	17	research	research	NOUN
fbem-4881	30	18	needs	need	NOUN
fbem-4881	30	19	,	,	PUNCT
fbem-4881	30	20	which	which	PRON
fbem-4881	30	21	also	also	ADV
fbem-4881	30	22	leaves	leave	VERB
fbem-4881	30	23	room	room	NOUN
fbem-4881	30	24	for	for	ADP
fbem-4881	30	25	the	the	DET
fbem-4881	30	26	development	development	NOUN
fbem-4881	30	27	of	of	ADP
fbem-4881	30	28	further	far	ADV
fbem-4881	30	29	proposed	propose	VERB
fbem-4881	30	30	more	more	ADJ
fbem-4881	30	31	objective	objective	ADJ
fbem-4881	30	32	measurement	measurement	NOUN
fbem-4881	30	33	methods	method	NOUN
fbem-4881	30	34	.	.	PUNCT
fbem-4881	31	1	from	from	ADP
fbem-4881	31	2	the	the	DET
fbem-4881	31	3	research	research	NOUN
fbem-4881	31	4	results	result	NOUN
fbem-4881	31	5	at	at	ADP
fbem-4881	31	6	home	home	NOUN
fbem-4881	31	7	and	and	CCONJ
fbem-4881	31	8	abroad	abroad	ADV
fbem-4881	31	9	,	,	PUNCT
fbem-4881	31	10	there	there	PRON
fbem-4881	31	11	are	be	VERB
fbem-4881	31	12	a	a	DET
fbem-4881	31	13	lot	lot	NOUN
fbem-4881	31	14	of	of	ADP
fbem-4881	31	15	research	research	NOUN
fbem-4881	31	16	results	result	NOUN
fbem-4881	31	17	on	on	ADP
fbem-4881	31	18	the	the	DET
fbem-4881	31	19	correlation	correlation	NOUN
fbem-4881	31	20	between	between	ADP
fbem-4881	31	21	esg	esg	PROPN
fbem-4881	31	22	investment	investment	NOUN
fbem-4881	31	23	and	and	CCONJ
fbem-4881	31	24	corporate	corporate	ADJ
fbem-4881	31	25	financial	financial	ADJ
fbem-4881	31	26	performance	performance	NOUN
fbem-4881	31	27	,	,	PUNCT
fbem-4881	31	28	but	but	CCONJ
fbem-4881	31	29	less	less	ADJ
fbem-4881	31	30	on	on	ADP
fbem-4881	31	31	the	the	DET
fbem-4881	31	32	environmental	environmental	ADJ
fbem-4881	31	33	performance	performance	NOUN
fbem-4881	31	34	.	.	PUNCT
fbem-4881	32	1	therefore	therefore	ADV
fbem-4881	32	2	,	,	PUNCT
fbem-4881	32	3	this	this	DET
fbem-4881	32	4	paper	paper	NOUN
fbem-4881	32	5	tries	try	VERB
fbem-4881	32	6	to	to	PART
fbem-4881	32	7	conduct	conduct	VERB
fbem-4881	32	8	a	a	DET
fbem-4881	32	9	theoretical	theoretical	ADJ
fbem-4881	32	10	analysis	analysis	NOUN
fbem-4881	32	11	and	and	CCONJ
fbem-4881	32	12	an	an	DET
fbem-4881	32	13	empirical	empirical	ADJ
fbem-4881	32	14	study	study	NOUN
fbem-4881	32	15	on	on	ADP
fbem-4881	32	16	the	the	DET
fbem-4881	32	17	correlation	correlation	NOUN
fbem-4881	32	18	between	between	ADP
fbem-4881	32	19	corporate	corporate	ADJ
fbem-4881	32	20	esg	esg	NOUN
fbem-4881	32	21	investment	investment	NOUN
fbem-4881	32	22	and	and	CCONJ
fbem-4881	32	23	its	its	PRON
fbem-4881	32	24	environmental	environmental	ADJ
fbem-4881	32	25	performance	performance	NOUN
fbem-4881	32	26	.	.	PUNCT
fbem-4881	33	1	139	139	NUM
fbem-4881	33	2	3	3	NUM
fbem-4881	33	3	.	.	PUNCT
fbem-4881	33	4	mechanism	mechanism	NOUN
fbem-4881	33	5	study	study	NOUN
fbem-4881	33	6	3.1	3.1	NUM
fbem-4881	33	7	.	.	PUNCT
fbem-4881	34	1	impact	impact	NOUN
fbem-4881	34	2	of	of	ADP
fbem-4881	34	3	environmental	environmental	ADJ
fbem-4881	34	4	inputs	input	NOUN
fbem-4881	34	5	on	on	ADP
fbem-4881	34	6	carbon	carbon	NOUN
fbem-4881	34	7	intensity	intensity	NOUN
fbem-4881	34	8	carbon	carbon	NOUN
fbem-4881	34	9	intensity	intensity	NOUN
fbem-4881	34	10	,	,	PUNCT
fbem-4881	34	11	as	as	ADP
fbem-4881	34	12	a	a	DET
fbem-4881	34	13	visual	visual	ADJ
fbem-4881	34	14	representation	representation	NOUN
fbem-4881	34	15	of	of	ADP
fbem-4881	34	16	environmental	environmental	ADJ
fbem-4881	34	17	performance	performance	NOUN
fbem-4881	34	18	,	,	PUNCT
fbem-4881	34	19	cuts	cut	VERB
fbem-4881	34	20	down	down	ADP
fbem-4881	34	21	the	the	DET
fbem-4881	34	22	impact	impact	NOUN
fbem-4881	34	23	of	of	ADP
fbem-4881	34	24	firm	firm	ADJ
fbem-4881	34	25	size	size	NOUN
fbem-4881	34	26	and	and	CCONJ
fbem-4881	34	27	is	be	AUX
fbem-4881	34	28	a	a	DET
fbem-4881	34	29	better	well	ADJ
fbem-4881	34	30	measure	measure	NOUN
fbem-4881	34	31	of	of	ADP
fbem-4881	34	32	a	a	DET
fbem-4881	34	33	firm	firm	NOUN
fbem-4881	34	34	's	's	PART
fbem-4881	34	35	environmental	environmental	ADJ
fbem-4881	34	36	performance	performance	NOUN
fbem-4881	34	37	.	.	PUNCT
fbem-4881	35	1	the	the	DET
fbem-4881	35	2	impact	impact	NOUN
fbem-4881	35	3	of	of	ADP
fbem-4881	35	4	corporate	corporate	ADJ
fbem-4881	35	5	environmental	environmental	ADJ
fbem-4881	35	6	investment	investment	NOUN
fbem-4881	35	7	on	on	ADP
fbem-4881	35	8	carbon	carbon	NOUN
fbem-4881	35	9	intensity	intensity	NOUN
fbem-4881	35	10	is	be	AUX
fbem-4881	35	11	mainly	mainly	ADV
fbem-4881	35	12	reflected	reflect	VERB
fbem-4881	35	13	in	in	ADP
fbem-4881	35	14	the	the	DET
fbem-4881	35	15	sustainability	sustainability	NOUN
fbem-4881	35	16	of	of	ADP
fbem-4881	35	17	environmental	environmental	ADJ
fbem-4881	35	18	investment	investment	NOUN
fbem-4881	35	19	and	and	CCONJ
fbem-4881	35	20	feedback	feedback	NOUN
fbem-4881	35	21	effects	effect	NOUN
fbem-4881	35	22	.	.	PUNCT
fbem-4881	36	1	the	the	DET
fbem-4881	36	2	first	first	ADJ
fbem-4881	36	3	is	be	AUX
fbem-4881	36	4	the	the	DET
fbem-4881	36	5	sustainability	sustainability	NOUN
fbem-4881	36	6	of	of	ADP
fbem-4881	36	7	environmental	environmental	ADJ
fbem-4881	36	8	investment	investment	NOUN
fbem-4881	36	9	.	.	PUNCT
fbem-4881	37	1	in	in	ADP
fbem-4881	37	2	the	the	DET
fbem-4881	37	3	short	short	ADJ
fbem-4881	37	4	term	term	NOUN
fbem-4881	37	5	,	,	PUNCT
fbem-4881	37	6	in	in	ADP
fbem-4881	37	7	the	the	DET
fbem-4881	37	8	environmental	environmental	PROPN
fbem-4881	37	9	protection	protection	NOUN
fbem-4881	37	10	investment	investment	NOUN
fbem-4881	37	11	in	in	ADP
fbem-4881	37	12	environmental	environmental	ADJ
fbem-4881	37	13	technology	technology	NOUN
fbem-4881	37	14	innovation	innovation	NOUN
fbem-4881	37	15	and	and	CCONJ
fbem-4881	37	16	pollution	pollution	NOUN
fbem-4881	37	17	control	control	NOUN
fbem-4881	37	18	equipment	equipment	NOUN
fbem-4881	37	19	to	to	PART
fbem-4881	37	20	invest	invest	VERB
fbem-4881	37	21	a	a	DET
fbem-4881	37	22	large	large	ADJ
fbem-4881	37	23	amount	amount	NOUN
fbem-4881	37	24	of	of	ADP
fbem-4881	37	25	money	money	NOUN
fbem-4881	37	26	and	and	CCONJ
fbem-4881	37	27	short	short	ADJ
fbem-4881	37	28	-	-	PUNCT
fbem-4881	37	29	term	term	NOUN
fbem-4881	37	30	low	low	ADJ
fbem-4881	37	31	returns	return	NOUN
fbem-4881	37	32	resulting	result	VERB
fbem-4881	37	33	in	in	ADP
fbem-4881	37	34	high	high	ADJ
fbem-4881	37	35	carbon	carbon	NOUN
fbem-4881	37	36	intensity	intensity	NOUN
fbem-4881	37	37	in	in	ADP
fbem-4881	37	38	contrast	contrast	NOUN
fbem-4881	37	39	.	.	PUNCT
fbem-4881	38	1	in	in	ADP
fbem-4881	38	2	the	the	DET
fbem-4881	38	3	long	long	ADJ
fbem-4881	38	4	run	run	NOUN
fbem-4881	38	5	,	,	PUNCT
fbem-4881	38	6	carbon	carbon	NOUN
fbem-4881	38	7	intensity	intensity	NOUN
fbem-4881	38	8	decreases	decrease	VERB
fbem-4881	38	9	with	with	ADP
fbem-4881	38	10	technological	technological	ADJ
fbem-4881	38	11	progress	progress	NOUN
fbem-4881	38	12	,	,	PUNCT
fbem-4881	38	13	and	and	CCONJ
fbem-4881	38	14	environmental	environmental	ADJ
fbem-4881	38	15	investment	investment	NOUN
fbem-4881	38	16	enables	enable	VERB
fbem-4881	38	17	technological	technological	ADJ
fbem-4881	38	18	progress	progress	NOUN
fbem-4881	38	19	and	and	CCONJ
fbem-4881	38	20	thus	thus	ADV
fbem-4881	38	21	reduces	reduce	VERB
fbem-4881	38	22	carbon	carbon	NOUN
fbem-4881	38	23	intensity	intensity	NOUN
fbem-4881	38	24	.	.	PUNCT
fbem-4881	39	1	the	the	DET
fbem-4881	39	2	second	second	ADJ
fbem-4881	39	3	is	be	AUX
fbem-4881	39	4	the	the	DET
fbem-4881	39	5	feedback	feedback	NOUN
fbem-4881	39	6	effect	effect	NOUN
fbem-4881	39	7	of	of	ADP
fbem-4881	39	8	environmental	environmental	ADJ
fbem-4881	39	9	investment	investment	NOUN
fbem-4881	39	10	,	,	PUNCT
fbem-4881	39	11	where	where	SCONJ
fbem-4881	39	12	companies	company	NOUN
fbem-4881	39	13	spend	spend	VERB
fbem-4881	39	14	a	a	DET
fbem-4881	39	15	portion	portion	NOUN
fbem-4881	39	16	of	of	ADP
fbem-4881	39	17	their	their	PRON
fbem-4881	39	18	capital	capital	NOUN
fbem-4881	39	19	on	on	ADP
fbem-4881	39	20	environmental	environmental	ADJ
fbem-4881	39	21	investment	investment	NOUN
fbem-4881	39	22	,	,	PUNCT
fbem-4881	39	23	which	which	PRON
fbem-4881	39	24	in	in	ADP
fbem-4881	39	25	turn	turn	NOUN
fbem-4881	39	26	acts	act	VERB
fbem-4881	39	27	on	on	ADP
fbem-4881	39	28	corporate	corporate	ADJ
fbem-4881	39	29	value	value	NOUN
fbem-4881	39	30	.	.	PUNCT
fbem-4881	40	1	in	in	ADP
fbem-4881	40	2	summary	summary	NOUN
fbem-4881	40	3	,	,	PUNCT
fbem-4881	40	4	this	this	DET
fbem-4881	40	5	paper	paper	NOUN
fbem-4881	40	6	proposes	propose	VERB
fbem-4881	40	7	the	the	DET
fbem-4881	40	8	hypothesis	hypothesis	NOUN
fbem-4881	40	9	that	that	PRON
fbem-4881	40	10	h1	h1	VERB
fbem-4881	40	11	:	:	PUNCT
fbem-4881	40	12	there	there	PRON
fbem-4881	40	13	is	be	VERB
fbem-4881	40	14	a	a	DET
fbem-4881	40	15	negative	negative	ADJ
fbem-4881	40	16	relationship	relationship	NOUN
fbem-4881	40	17	between	between	ADP
fbem-4881	40	18	environmental	environmental	ADJ
fbem-4881	40	19	investment	investment	NOUN
fbem-4881	40	20	and	and	CCONJ
fbem-4881	40	21	carbon	carbon	NOUN
fbem-4881	40	22	intensity	intensity	NOUN
fbem-4881	40	23	,	,	PUNCT
fbem-4881	40	24	and	and	CCONJ
fbem-4881	40	25	the	the	PRON
fbem-4881	40	26	higher	high	ADJ
fbem-4881	40	27	the	the	DET
fbem-4881	40	28	amount	amount	NOUN
fbem-4881	40	29	of	of	ADP
fbem-4881	40	30	environmental	environmental	ADJ
fbem-4881	40	31	investment	investment	NOUN
fbem-4881	40	32	,	,	PUNCT
fbem-4881	40	33	the	the	PRON
fbem-4881	40	34	lower	low	ADJ
fbem-4881	40	35	the	the	DET
fbem-4881	40	36	carbon	carbon	NOUN
fbem-4881	40	37	intensity	intensity	NOUN
fbem-4881	40	38	.	.	PUNCT
fbem-4881	41	1	3.2	3.2	NUM
fbem-4881	41	2	.	.	PUNCT
fbem-4881	41	3	sample	sample	NOUN
fbem-4881	41	4	selection	selection	NOUN
fbem-4881	41	5	and	and	CCONJ
fbem-4881	41	6	data	datum	NOUN
fbem-4881	41	7	sources	source	NOUN
fbem-4881	41	8	in	in	ADP
fbem-4881	41	9	this	this	DET
fbem-4881	41	10	paper	paper	NOUN
fbem-4881	41	11	,	,	PUNCT
fbem-4881	41	12	319	319	NUM
fbem-4881	41	13	samples	sample	NOUN
fbem-4881	41	14	were	be	AUX
fbem-4881	41	15	obtained	obtain	VERB
fbem-4881	41	16	from	from	ADP
fbem-4881	41	17	the	the	DET
fbem-4881	41	18	data	datum	NOUN
fbem-4881	41	19	of	of	ADP
fbem-4881	41	20	companies	company	NOUN
fbem-4881	41	21	listed	list	VERB
fbem-4881	41	22	in	in	ADP
fbem-4881	41	23	shanghai	shanghai	PROPN
fbem-4881	41	24	and	and	CCONJ
fbem-4881	41	25	shenzhen	shenzhen	PROPN
fbem-4881	41	26	a	a	PROPN
fbem-4881	41	27	-	-	PUNCT
fbem-4881	41	28	shares	share	NOUN
fbem-4881	41	29	in	in	ADP
fbem-4881	41	30	china	china	PROPN
fbem-4881	41	31	from	from	ADP
fbem-4881	41	32	2019	2019	NUM
fbem-4881	41	33	to	to	ADP
fbem-4881	41	34	2020	2020	NUM
fbem-4881	41	35	by	by	ADP
fbem-4881	41	36	manual	manual	ADJ
fbem-4881	41	37	collection	collection	NOUN
fbem-4881	41	38	.	.	PUNCT
fbem-4881	42	1	the	the	DET
fbem-4881	42	2	data	datum	NOUN
fbem-4881	42	3	in	in	ADP
fbem-4881	42	4	the	the	DET
fbem-4881	42	5	paper	paper	NOUN
fbem-4881	42	6	are	be	AUX
fbem-4881	42	7	obtained	obtain	VERB
fbem-4881	42	8	from	from	ADP
fbem-4881	42	9	wind	wind	NOUN
fbem-4881	42	10	financial	financial	PROPN
fbem-4881	42	11	terminal	terminal	PROPN
fbem-4881	42	12	database	database	NOUN
fbem-4881	42	13	,	,	PUNCT
fbem-4881	42	14	csmar	csmar	PROPN
fbem-4881	42	15	database	database	NOUN
fbem-4881	42	16	,	,	PUNCT
fbem-4881	42	17	and	and	CCONJ
fbem-4881	42	18	annual	annual	ADJ
fbem-4881	42	19	reports	report	NOUN
fbem-4881	42	20	of	of	ADP
fbem-4881	42	21	enterprises	enterprise	NOUN
fbem-4881	42	22	.	.	PUNCT
fbem-4881	43	1	in	in	ADP
fbem-4881	43	2	order	order	NOUN
fbem-4881	43	3	to	to	PART
fbem-4881	43	4	enhance	enhance	VERB
fbem-4881	43	5	the	the	DET
fbem-4881	43	6	accuracy	accuracy	NOUN
fbem-4881	43	7	of	of	ADP
fbem-4881	43	8	the	the	DET
fbem-4881	43	9	study	study	NOUN
fbem-4881	43	10	and	and	CCONJ
fbem-4881	43	11	reduce	reduce	VERB
fbem-4881	43	12	the	the	DET
fbem-4881	43	13	impact	impact	NOUN
fbem-4881	43	14	of	of	ADP
fbem-4881	43	15	abnormal	abnormal	ADJ
fbem-4881	43	16	data	datum	NOUN
fbem-4881	43	17	,	,	PUNCT
fbem-4881	43	18	this	this	DET
fbem-4881	43	19	paper	paper	NOUN
fbem-4881	43	20	treats	treat	VERB
fbem-4881	43	21	the	the	DET
fbem-4881	43	22	sample	sample	NOUN
fbem-4881	43	23	as	as	SCONJ
fbem-4881	43	24	follows	follow	VERB
fbem-4881	43	25	:	:	PUNCT
fbem-4881	43	26	(	(	PUNCT
fbem-4881	43	27	1	1	X
fbem-4881	43	28	)	)	PUNCT
fbem-4881	43	29	screen	screen	NOUN
fbem-4881	43	30	out	out	ADP
fbem-4881	43	31	the	the	DET
fbem-4881	43	32	sample	sample	NOUN
fbem-4881	43	33	st	st	PROPN
fbem-4881	43	34	and	and	CCONJ
fbem-4881	43	35	st	st	PROPN
fbem-4881	43	36	*	*	PROPN
fbem-4881	43	37	category	category	NOUN
fbem-4881	43	38	companies	company	NOUN
fbem-4881	43	39	to	to	PART
fbem-4881	43	40	reduce	reduce	VERB
fbem-4881	43	41	the	the	DET
fbem-4881	43	42	error	error	NOUN
fbem-4881	43	43	caused	cause	VERB
fbem-4881	43	44	by	by	ADP
fbem-4881	43	45	abnormal	abnormal	ADJ
fbem-4881	43	46	operation	operation	NOUN
fbem-4881	43	47	;	;	PUNCT
fbem-4881	43	48	(	(	PUNCT
fbem-4881	43	49	2	2	X
fbem-4881	43	50	)	)	PUNCT
fbem-4881	43	51	shrink	shrink	VERB
fbem-4881	43	52	the	the	DET
fbem-4881	43	53	data	datum	NOUN
fbem-4881	43	54	of	of	ADP
fbem-4881	43	55	carbon	carbon	NOUN
fbem-4881	43	56	intensity	intensity	NOUN
fbem-4881	43	57	,	,	PUNCT
fbem-4881	43	58	environmental	environmental	ADJ
fbem-4881	43	59	investment	investment	NOUN
fbem-4881	43	60	,	,	PUNCT
fbem-4881	43	61	cash	cash	NOUN
fbem-4881	43	62	structure	structure	NOUN
fbem-4881	43	63	and	and	CCONJ
fbem-4881	43	64	roe	roe	NOUN
fbem-4881	43	65	by	by	ADP
fbem-4881	43	66	1	1	NUM
fbem-4881	43	67	%	%	NOUN
fbem-4881	43	68	of	of	ADP
fbem-4881	43	69	the	the	DET
fbem-4881	43	70	upper	upper	ADJ
fbem-4881	43	71	and	and	CCONJ
fbem-4881	43	72	lower	low	ADJ
fbem-4881	43	73	tail	tail	NOUN
fbem-4881	43	74	.	.	PUNCT
fbem-4881	44	1	3.3	3.3	NUM
fbem-4881	44	2	.	.	PUNCT
fbem-4881	45	1	variable	variable	ADJ
fbem-4881	45	2	definition	definition	NOUN
fbem-4881	45	3	(	(	PUNCT
fbem-4881	45	4	1	1	X
fbem-4881	45	5	)	)	PUNCT
fbem-4881	45	6	explained	explain	VERB
fbem-4881	45	7	variable	variable	NOUN
fbem-4881	45	8	:	:	PUNCT
fbem-4881	45	9	carbon	carbon	NOUN
fbem-4881	45	10	intensity	intensity	NOUN
fbem-4881	45	11	(	(	PUNCT
fbem-4881	45	12	ci	ci	NOUN
fbem-4881	45	13	)	)	PUNCT
fbem-4881	45	14	in	in	ADP
fbem-4881	45	15	this	this	DET
fbem-4881	45	16	paper	paper	NOUN
fbem-4881	45	17	,	,	PUNCT
fbem-4881	45	18	carbon	carbon	NOUN
fbem-4881	45	19	intensity	intensity	NOUN
fbem-4881	45	20	is	be	AUX
fbem-4881	45	21	defined	define	VERB
fbem-4881	45	22	as	as	ADP
fbem-4881	45	23	the	the	DET
fbem-4881	45	24	ratio	ratio	NOUN
fbem-4881	45	25	of	of	ADP
fbem-4881	45	26	a	a	DET
fbem-4881	45	27	company	company	NOUN
fbem-4881	45	28	's	's	PART
fbem-4881	45	29	carbon	carbon	NOUN
fbem-4881	45	30	emissions	emission	NOUN
fbem-4881	45	31	to	to	ADP
fbem-4881	45	32	its	its	PRON
fbem-4881	45	33	annual	annual	ADJ
fbem-4881	45	34	operating	operating	NOUN
fbem-4881	45	35	revenue	revenue	NOUN
fbem-4881	45	36	.	.	PUNCT
fbem-4881	46	1	the	the	PRON
fbem-4881	46	2	larger	large	ADJ
fbem-4881	46	3	the	the	DET
fbem-4881	46	4	value	value	NOUN
fbem-4881	46	5	of	of	ADP
fbem-4881	46	6	carbon	carbon	NOUN
fbem-4881	46	7	intensity	intensity	NOUN
fbem-4881	46	8	,	,	PUNCT
fbem-4881	46	9	the	the	DET
fbem-4881	46	10	more	more	ADJ
fbem-4881	46	11	co2	co2	NOUN
fbem-4881	46	12	produced	produce	VERB
fbem-4881	46	13	per	per	ADP
fbem-4881	46	14	unit	unit	NOUN
fbem-4881	46	15	of	of	ADP
fbem-4881	46	16	output	output	NOUN
fbem-4881	46	17	value	value	NOUN
fbem-4881	46	18	of	of	ADP
fbem-4881	46	19	the	the	DET
fbem-4881	46	20	enterprise	enterprise	NOUN
fbem-4881	46	21	,	,	PUNCT
fbem-4881	46	22	the	the	PRON
fbem-4881	46	23	worse	bad	ADJ
fbem-4881	46	24	the	the	DET
fbem-4881	46	25	environmental	environmental	ADJ
fbem-4881	46	26	performance	performance	NOUN
fbem-4881	46	27	of	of	ADP
fbem-4881	46	28	the	the	DET
fbem-4881	46	29	enterprise	enterprise	NOUN
fbem-4881	46	30	,	,	PUNCT
fbem-4881	46	31	and	and	CCONJ
fbem-4881	46	32	conversely	conversely	ADV
fbem-4881	46	33	,	,	PUNCT
fbem-4881	46	34	the	the	PRON
fbem-4881	46	35	better	well	ADJ
fbem-4881	46	36	the	the	DET
fbem-4881	46	37	environmental	environmental	ADJ
fbem-4881	46	38	performance	performance	NOUN
fbem-4881	46	39	of	of	ADP
fbem-4881	46	40	the	the	DET
fbem-4881	46	41	enterprise	enterprise	NOUN
fbem-4881	46	42	.	.	PUNCT
fbem-4881	47	1	carbon	carbon	NOUN
fbem-4881	47	2	intensity	intensity	NOUN
fbem-4881	47	3	is	be	AUX
fbem-4881	47	4	measured	measure	VERB
fbem-4881	47	5	in	in	ADP
fbem-4881	47	6	tons	ton	NOUN
fbem-4881	47	7	of	of	ADP
fbem-4881	47	8	carbon	carbon	NOUN
fbem-4881	47	9	dioxide	dioxide	NOUN
fbem-4881	47	10	equivalent	equivalent	ADJ
fbem-4881	47	11	per	per	ADP
fbem-4881	47	12	billion	billion	NUM
fbem-4881	47	13	dollars	dollar	NOUN
fbem-4881	47	14	.	.	PUNCT
fbem-4881	48	1	(	(	PUNCT
fbem-4881	48	2	2	2	X
fbem-4881	48	3	)	)	PUNCT
fbem-4881	48	4	explanatory	explanatory	ADJ
fbem-4881	48	5	variable	variable	NOUN
fbem-4881	48	6	:	:	PUNCT
fbem-4881	48	7	environmental	environmental	ADJ
fbem-4881	48	8	protection	protection	NOUN
fbem-4881	48	9	input	input	NOUN
fbem-4881	48	10	(	(	PUNCT
fbem-4881	48	11	ei	ei	NOUN
fbem-4881	48	12	)	)	PUNCT
fbem-4881	48	13	as	as	ADP
fbem-4881	48	14	an	an	DET
fbem-4881	48	15	important	important	ADJ
fbem-4881	48	16	reflection	reflection	NOUN
fbem-4881	48	17	of	of	ADP
fbem-4881	48	18	environmental	environmental	ADJ
fbem-4881	48	19	performance	performance	NOUN
fbem-4881	48	20	in	in	ADP
fbem-4881	48	21	csr	csr	NOUN
fbem-4881	48	22	reports	report	NOUN
fbem-4881	48	23	of	of	ADP
fbem-4881	48	24	listed	list	VERB
fbem-4881	48	25	companies	company	NOUN
fbem-4881	48	26	,	,	PUNCT
fbem-4881	48	27	environmental	environmental	ADJ
fbem-4881	48	28	investment	investment	NOUN
fbem-4881	48	29	measures	measure	VERB
fbem-4881	48	30	the	the	DET
fbem-4881	48	31	funds	fund	NOUN
fbem-4881	48	32	directly	directly	ADV
fbem-4881	48	33	invested	invest	VERB
fbem-4881	48	34	by	by	ADP
fbem-4881	48	35	enterprises	enterprise	NOUN
fbem-4881	48	36	in	in	ADP
fbem-4881	48	37	environmental	environmental	ADJ
fbem-4881	48	38	protection	protection	NOUN
fbem-4881	48	39	,	,	PUNCT
fbem-4881	48	40	which	which	PRON
fbem-4881	48	41	includes	include	VERB
fbem-4881	48	42	but	but	CCONJ
fbem-4881	48	43	is	be	AUX
fbem-4881	48	44	not	not	PART
fbem-4881	48	45	limited	limit	VERB
fbem-4881	48	46	to	to	ADP
fbem-4881	48	47	investment	investment	NOUN
fbem-4881	48	48	in	in	ADP
fbem-4881	48	49	reforming	reform	VERB
fbem-4881	48	50	environmental	environmental	ADJ
fbem-4881	48	51	protection	protection	NOUN
fbem-4881	48	52	technology	technology	NOUN
fbem-4881	48	53	,	,	PUNCT
fbem-4881	48	54	investment	investment	NOUN
fbem-4881	48	55	in	in	ADP
fbem-4881	48	56	purchasing	purchase	VERB
fbem-4881	48	57	emission	emission	NOUN
fbem-4881	48	58	reduction	reduction	NOUN
fbem-4881	48	59	equipment	equipment	NOUN
fbem-4881	48	60	and	and	CCONJ
fbem-4881	48	61	investment	investment	NOUN
fbem-4881	48	62	in	in	ADP
fbem-4881	48	63	various	various	ADJ
fbem-4881	48	64	types	type	NOUN
fbem-4881	48	65	of	of	ADP
fbem-4881	48	66	environmental	environmental	ADJ
fbem-4881	48	67	consumables	consumable	NOUN
fbem-4881	48	68	.	.	PUNCT
fbem-4881	49	1	environmental	environmental	ADJ
fbem-4881	49	2	protection	protection	NOUN
fbem-4881	49	3	investment	investment	NOUN
fbem-4881	49	4	is	be	AUX
fbem-4881	49	5	measured	measure	VERB
fbem-4881	49	6	in	in	ADP
fbem-4881	49	7	tens	ten	NOUN
fbem-4881	49	8	of	of	ADP
fbem-4881	49	9	millions	million	NOUN
fbem-4881	49	10	of	of	ADP
fbem-4881	49	11	rmb	rmb	NOUN
fbem-4881	49	12	.	.	PUNCT
fbem-4881	50	1	(	(	PUNCT
fbem-4881	50	2	3	3	X
fbem-4881	50	3	)	)	PUNCT
fbem-4881	50	4	control	control	NOUN
fbem-4881	50	5	variables	variable	NOUN
fbem-4881	50	6	in	in	ADP
fbem-4881	50	7	order	order	NOUN
fbem-4881	50	8	to	to	PART
fbem-4881	50	9	reduce	reduce	VERB
fbem-4881	50	10	the	the	DET
fbem-4881	50	11	interference	interference	NOUN
fbem-4881	50	12	of	of	ADP
fbem-4881	50	13	factors	factor	NOUN
fbem-4881	50	14	other	other	ADJ
fbem-4881	50	15	than	than	ADP
fbem-4881	50	16	small	small	ADJ
fbem-4881	50	17	independent	independent	ADJ
fbem-4881	50	18	variables	variable	NOUN
fbem-4881	50	19	,	,	PUNCT
fbem-4881	50	20	this	this	DET
fbem-4881	50	21	paper	paper	NOUN
fbem-4881	50	22	selects	select	VERB
fbem-4881	50	23	financial	financial	ADJ
fbem-4881	50	24	indicators	indicator	NOUN
fbem-4881	50	25	:	:	PUNCT
fbem-4881	51	1	roe	roe	NOUN
fbem-4881	51	2	,	,	PUNCT
fbem-4881	51	3	corporate	corporate	ADJ
fbem-4881	51	4	cash	cash	NOUN
fbem-4881	51	5	structure	structure	NOUN
fbem-4881	51	6	(	(	PUNCT
fbem-4881	51	7	cs	cs	PROPN
fbem-4881	51	8	)	)	PUNCT
fbem-4881	51	9	;	;	PUNCT
fbem-4881	51	10	corporate	corporate	ADJ
fbem-4881	51	11	governance	governance	NOUN
fbem-4881	51	12	indicators	indicator	NOUN
fbem-4881	51	13	:	:	PUNCT
fbem-4881	51	14	equity	equity	NOUN
fbem-4881	51	15	concentration	concentration	NOUN
fbem-4881	51	16	(	(	PUNCT
fbem-4881	51	17	tts	tts	PROPN
fbem-4881	51	18	)	)	PUNCT
fbem-4881	51	19	,	,	PUNCT
fbem-4881	51	20	and	and	CCONJ
fbem-4881	51	21	corporate	corporate	ADJ
fbem-4881	51	22	size	size	NOUN
fbem-4881	51	23	(	(	PUNCT
fbem-4881	51	24	lnsize	lnsize	NOUN
fbem-4881	51	25	)	)	PUNCT
fbem-4881	51	26	for	for	ADP
fbem-4881	51	27	a	a	DET
fbem-4881	51	28	total	total	NOUN
fbem-4881	51	29	of	of	ADP
fbem-4881	51	30	four	four	NUM
fbem-4881	51	31	control	control	NOUN
fbem-4881	51	32	variables	variable	NOUN
fbem-4881	51	33	.	.	PUNCT
fbem-4881	52	1	3.4	3.4	NUM
fbem-4881	52	2	.	.	PUNCT
fbem-4881	52	3	model	model	NOUN
fbem-4881	52	4	setup	setup	NOUN
fbem-4881	52	5	to	to	PART
fbem-4881	52	6	test	test	VERB
fbem-4881	52	7	h1	h1	PROPN
fbem-4881	52	8	:	:	PUNCT
fbem-4881	52	9	there	there	PRON
fbem-4881	52	10	is	be	VERB
fbem-4881	52	11	a	a	DET
fbem-4881	52	12	negative	negative	ADJ
fbem-4881	52	13	relationship	relationship	NOUN
fbem-4881	52	14	between	between	ADP
fbem-4881	52	15	environmental	environmental	ADJ
fbem-4881	52	16	investment	investment	NOUN
fbem-4881	52	17	and	and	CCONJ
fbem-4881	52	18	carbon	carbon	NOUN
fbem-4881	52	19	intensity	intensity	NOUN
fbem-4881	52	20	,	,	PUNCT
fbem-4881	52	21	the	the	DET
fbem-4881	52	22	following	follow	VERB
fbem-4881	52	23	model	model	NOUN
fbem-4881	52	24	is	be	AUX
fbem-4881	52	25	constructed	construct	VERB
fbem-4881	52	26	.	.	PUNCT
fbem-4881	53	1	4	4	X
fbem-4881	53	2	.	.	X
fbem-4881	53	3	empirical	empirical	ADJ
fbem-4881	53	4	analysis	analysis	NOUN
fbem-4881	53	5	4.1	4.1	NUM
fbem-4881	53	6	.	.	PUNCT
fbem-4881	54	1	descriptive	descriptive	ADJ
fbem-4881	54	2	statistics	statistic	NOUN
fbem-4881	54	3	and	and	CCONJ
fbem-4881	54	4	correlation	correlation	NOUN
fbem-4881	54	5	analysis	analysis	NOUN
fbem-4881	54	6	in	in	ADP
fbem-4881	54	7	order	order	NOUN
fbem-4881	54	8	to	to	PART
fbem-4881	54	9	better	well	ADV
fbem-4881	54	10	grasp	grasp	VERB
fbem-4881	54	11	the	the	DET
fbem-4881	54	12	characteristics	characteristic	NOUN
fbem-4881	54	13	of	of	ADP
fbem-4881	54	14	each	each	DET
fbem-4881	54	15	variable	variable	NOUN
fbem-4881	54	16	,	,	PUNCT
fbem-4881	54	17	descriptive	descriptive	ADJ
fbem-4881	54	18	statistics	statistic	NOUN
fbem-4881	54	19	of	of	ADP
fbem-4881	54	20	134	134	NUM
fbem-4881	54	21	samples	sample	NOUN
fbem-4881	54	22	were	be	AUX
fbem-4881	54	23	conducted	conduct	VERB
fbem-4881	54	24	using	use	VERB
fbem-4881	54	25	stata	stata	NOUN
fbem-4881	54	26	at	at	ADP
fbem-4881	54	27	first	first	ADV
fbem-4881	54	28	.	.	PUNCT
fbem-4881	55	1	the	the	DET
fbem-4881	55	2	results	result	NOUN
fbem-4881	55	3	are	be	AUX
fbem-4881	55	4	shown	show	VERB
fbem-4881	55	5	in	in	ADP
fbem-4881	55	6	table	table	NOUN
fbem-4881	55	7	2	2	NUM
fbem-4881	55	8	.	.	PUNCT
fbem-4881	55	9	table	table	NOUN
fbem-4881	55	10	2	2	NUM
fbem-4881	55	11	.	.	PUNCT
fbem-4881	55	12	descriptive	descriptive	ADJ
fbem-4881	55	13	statistics	statistic	NOUN
fbem-4881	55	14	of	of	ADP
fbem-4881	55	15	each	each	DET
fbem-4881	55	16	variable	variable	ADJ
fbem-4881	55	17	variables	variable	NOUN
fbem-4881	55	18	n	n	ADV
fbem-4881	55	19	mean	mean	VERB
fbem-4881	55	20	sd	sd	ADP
fbem-4881	55	21	min	min	PROPN
fbem-4881	55	22	max	max	PROPN
fbem-4881	55	23	ci	ci	PROPN
fbem-4881	55	24	134	134	NUM
fbem-4881	55	25	1.323	1.323	NUM
fbem-4881	55	26	3.132	3.132	NUM
fbem-4881	55	27	3.28e-09	3.28e-09	NUM
fbem-4881	55	28	16.82	16.82	NUM
fbem-4881	55	29	ei	ei	ADP
fbem-4881	55	30	134	134	NUM
fbem-4881	56	1	22.14	22.14	NUM
fbem-4881	56	2	88.95	88.95	NUM
fbem-4881	56	3	0.00730	0.00730	NUM
fbem-4881	56	4	651.5	651.5	NUM
fbem-4881	56	5	roe	roe	NOUN
fbem-4881	56	6	134	134	NUM
fbem-4881	56	7	0.102	0.102	NUM
fbem-4881	56	8	0.0752	0.0752	NUM
fbem-4881	56	9	-0.171	-0.171	NUM
fbem-4881	56	10	0.351	0.351	NUM
fbem-4881	56	11	cs	cs	PROPN
fbem-4881	56	12	134	134	NUM
fbem-4881	56	13	0.0760	0.0760	NUM
fbem-4881	56	14	0.0608	0.0608	NUM
fbem-4881	56	15	-0.0361	-0.0361	NOUN
fbem-4881	56	16	0.266	0.266	NUM
fbem-4881	56	17	tts	tts	PROPN
fbem-4881	56	18	134	134	NUM
fbem-4881	56	19	71.39	71.39	NUM
fbem-4881	56	20	18.35	18.35	NUM
fbem-4881	56	21	12.02	12.02	NUM
fbem-4881	56	22	98.41	98.41	NUM
fbem-4881	56	23	lnsize	lnsize	NOUN
fbem-4881	56	24	134	134	NUM
fbem-4881	56	25	3.224	3.224	NUM
fbem-4881	56	26	0.0820	0.0820	NUM
fbem-4881	56	27	3.080	3.080	NUM
fbem-4881	56	28	3.438	3.438	NUM
fbem-4881	56	29	the	the	DET
fbem-4881	56	30	maximum	maximum	ADJ
fbem-4881	56	31	value	value	NOUN
fbem-4881	56	32	of	of	ADP
fbem-4881	56	33	the	the	DET
fbem-4881	56	34	explained	explain	VERB
fbem-4881	56	35	variable	variable	PROPN
fbem-4881	56	36	ci	ci	PROPN
fbem-4881	56	37	was	be	AUX
fbem-4881	56	38	16.82	16.82	NUM
fbem-4881	56	39	and	and	CCONJ
fbem-4881	56	40	the	the	DET
fbem-4881	56	41	minimum	minimum	ADJ
fbem-4881	56	42	value	value	NOUN
fbem-4881	56	43	was	be	AUX
fbem-4881	56	44	3.28e-09	3.28e-09	NUM
fbem-4881	56	45	,	,	PUNCT
fbem-4881	56	46	indicating	indicate	VERB
fbem-4881	56	47	that	that	SCONJ
fbem-4881	56	48	there	there	PRON
fbem-4881	56	49	was	be	VERB
fbem-4881	56	50	a	a	DET
fbem-4881	56	51	large	large	ADJ
fbem-4881	56	52	gap	gap	NOUN
fbem-4881	56	53	between	between	ADP
fbem-4881	56	54	different	different	ADJ
fbem-4881	56	55	enterprises	enterprise	NOUN
fbem-4881	56	56	in	in	ADP
fbem-4881	56	57	carbon	carbon	NOUN
fbem-4881	56	58	intensity	intensity	NOUN
fbem-4881	56	59	,	,	PUNCT
fbem-4881	56	60	and	and	CCONJ
fbem-4881	56	61	the	the	DET
fbem-4881	56	62	overall	overall	ADJ
fbem-4881	56	63	level	level	NOUN
fbem-4881	56	64	was	be	AUX
fbem-4881	56	65	near	near	ADP
fbem-4881	56	66	the	the	DET
fbem-4881	56	67	average	average	ADJ
fbem-4881	56	68	value	value	NOUN
fbem-4881	56	69	of	of	ADP
fbem-4881	56	70	1.323	1.323	NUM
fbem-4881	56	71	,	,	PUNCT
fbem-4881	56	72	which	which	PRON
fbem-4881	56	73	may	may	AUX
fbem-4881	56	74	be	be	AUX
fbem-4881	56	75	related	relate	VERB
fbem-4881	56	76	to	to	ADP
fbem-4881	56	77	the	the	DET
fbem-4881	56	78	nature	nature	NOUN
fbem-4881	56	79	of	of	ADP
fbem-4881	56	80	the	the	DET
fbem-4881	56	81	industry	industry	NOUN
fbem-4881	56	82	and	and	CCONJ
fbem-4881	56	83	the	the	DET
fbem-4881	56	84	size	size	NOUN
fbem-4881	56	85	of	of	ADP
fbem-4881	56	86	the	the	DET
fbem-4881	56	87	enterprise	enterprise	NOUN
fbem-4881	56	88	,	,	PUNCT
fbem-4881	56	89	and	and	CCONJ
fbem-4881	56	90	may	may	AUX
fbem-4881	56	91	also	also	ADV
fbem-4881	56	92	be	be	AUX
fbem-4881	56	93	directly	directly	ADV
fbem-4881	56	94	related	relate	VERB
fbem-4881	56	95	to	to	ADP
fbem-4881	56	96	the	the	DET
fbem-4881	56	97	different	different	ADJ
fbem-4881	56	98	investment	investment	NOUN
fbem-4881	56	99	in	in	ADP
fbem-4881	56	100	environmental	environmental	ADJ
fbem-4881	56	101	protection	protection	NOUN
fbem-4881	56	102	of	of	ADP
fbem-4881	56	103	the	the	DET
fbem-4881	56	104	enterprise	enterprise	NOUN
fbem-4881	56	105	.	.	PUNCT
fbem-4881	57	1	the	the	DET
fbem-4881	57	2	maximum	maximum	ADJ
fbem-4881	57	3	value	value	NOUN
fbem-4881	57	4	of	of	ADP
fbem-4881	57	5	ei	ei	NOUN
fbem-4881	57	6	was	be	AUX
fbem-4881	57	7	6.515	6.515	NUM
fbem-4881	57	8	million	million	NUM
fbem-4881	57	9	,	,	PUNCT
fbem-4881	57	10	the	the	DET
fbem-4881	57	11	minimum	minimum	ADJ
fbem-4881	57	12	value	value	NOUN
fbem-4881	57	13	was	be	AUX
fbem-4881	57	14	0.0073	0.0073	NUM
fbem-4881	57	15	million	million	NUM
fbem-4881	57	16	,	,	PUNCT
fbem-4881	57	17	and	and	CCONJ
fbem-4881	57	18	the	the	DET
fbem-4881	57	19	standard	standard	ADJ
fbem-4881	57	20	deviation	deviation	NOUN
fbem-4881	57	21	was	be	AUX
fbem-4881	57	22	88.95	88.95	NUM
fbem-4881	57	23	million	million	NUM
fbem-4881	57	24	,	,	PUNCT
fbem-4881	57	25	indicating	indicate	VERB
fbem-4881	57	26	that	that	SCONJ
fbem-4881	57	27	the	the	DET
fbem-4881	57	28	environmental	environmental	PROPN
fbem-4881	57	29	protection	protection	PROPN
fbem-4881	57	30	investment	investment	NOUN
fbem-4881	57	31	of	of	ADP
fbem-4881	57	32	enterprises	enterprise	NOUN
fbem-4881	57	33	was	be	AUX
fbem-4881	57	34	also	also	ADV
fbem-4881	57	35	different	different	ADJ
fbem-4881	57	36	due	due	ADP
fbem-4881	57	37	to	to	ADP
fbem-4881	57	38	different	different	ADJ
fbem-4881	57	39	enterprise	enterprise	NOUN
fbem-4881	57	40	sizes	size	NOUN
fbem-4881	57	41	and	and	CCONJ
fbem-4881	57	42	investment	investment	NOUN
fbem-4881	57	43	concepts	concept	NOUN
fbem-4881	57	44	.	.	PUNCT
fbem-4881	58	1	by	by	ADP
fbem-4881	58	2	observing	observe	VERB
fbem-4881	58	3	the	the	DET
fbem-4881	58	4	correlation	correlation	NOUN
fbem-4881	58	5	coefficient	coefficient	NOUN
fbem-4881	58	6	matrix	matrix	NOUN
fbem-4881	58	7	,	,	PUNCT
fbem-4881	58	8	it	it	PRON
fbem-4881	58	9	can	can	AUX
fbem-4881	58	10	be	be	AUX
fbem-4881	58	11	concluded	conclude	VERB
fbem-4881	58	12	that	that	SCONJ
fbem-4881	58	13	the	the	DET
fbem-4881	58	14	correlation	correlation	NOUN
fbem-4881	58	15	coefficient	coefficient	NOUN
fbem-4881	58	16	between	between	ADP
fbem-4881	58	17	enterprise	enterprise	NOUN
fbem-4881	58	18	environmental	environmental	ADJ
fbem-4881	58	19	protection	protection	NOUN
fbem-4881	58	20	input	input	NOUN
fbem-4881	58	21	(	(	PUNCT
fbem-4881	58	22	ei	ei	NOUN
fbem-4881	58	23	)	)	PUNCT
fbem-4881	58	24	and	and	CCONJ
fbem-4881	58	25	enterprise	enterprise	NOUN
fbem-4881	58	26	carbon	carbon	NOUN
fbem-4881	58	27	intensity	intensity	NOUN
fbem-4881	58	28	(	(	PUNCT
fbem-4881	58	29	ci	ci	NOUN
fbem-4881	58	30	)	)	PUNCT
fbem-4881	58	31	is	be	AUX
fbem-4881	58	32	-0.061	-0.061	NUM
fbem-4881	58	33	,	,	PUNCT
fbem-4881	58	34	and	and	CCONJ
fbem-4881	58	35	there	there	PRON
fbem-4881	58	36	is	be	VERB
fbem-4881	58	37	a	a	DET
fbem-4881	58	38	negative	negative	ADJ
fbem-4881	58	39	correlation	correlation	NOUN
fbem-4881	58	40	between	between	ADP
fbem-4881	58	41	the	the	DET
fbem-4881	58	42	two	two	NUM
fbem-4881	58	43	.	.	PUNCT
fbem-4881	59	1	this	this	DET
fbem-4881	59	2	correlation	correlation	NOUN
fbem-4881	59	3	analysis	analysis	NOUN
fbem-4881	59	4	did	do	AUX
fbem-4881	59	5	not	not	PART
fbem-4881	59	6	pass	pass	VERB
fbem-4881	59	7	the	the	DET
fbem-4881	59	8	significance	significance	NOUN
fbem-4881	59	9	test	test	NOUN
fbem-4881	59	10	and	and	CCONJ
fbem-4881	59	11	needs	need	VERB
fbem-4881	59	12	further	further	ADJ
fbem-4881	59	13	analysis	analysis	NOUN
fbem-4881	59	14	.	.	PUNCT
fbem-4881	60	1	the	the	DET
fbem-4881	60	2	correlation	correlation	NOUN
fbem-4881	60	3	coefficient	coefficient	NOUN
fbem-4881	60	4	between	between	ADP
fbem-4881	60	5	the	the	DET
fbem-4881	60	6	control	control	NOUN
fbem-4881	60	7	variables	variable	NOUN
fbem-4881	60	8	is	be	AUX
fbem-4881	60	9	small	small	ADJ
fbem-4881	60	10	,	,	PUNCT
fbem-4881	60	11	so	so	CCONJ
fbem-4881	60	12	there	there	PRON
fbem-4881	60	13	is	be	VERB
fbem-4881	60	14	no	no	DET
fbem-4881	60	15	multicollinearity	multicollinearity	NOUN
fbem-4881	60	16	problem	problem	NOUN
fbem-4881	60	17	in	in	ADP
fbem-4881	60	18	the	the	DET
fbem-4881	60	19	preliminary	preliminary	ADJ
fbem-4881	60	20	judgment	judgment	NOUN
fbem-4881	60	21	.	.	PUNCT
fbem-4881	61	1	140	140	NUM
fbem-4881	61	2	table	table	NOUN
fbem-4881	61	3	3	3	NUM
fbem-4881	61	4	.	.	PUNCT
fbem-4881	61	5	correlation	correlation	NOUN
fbem-4881	61	6	analysis	analysis	NOUN
fbem-4881	61	7	ci	ci	PROPN
fbem-4881	61	8	ei	ei	PROPN
fbem-4881	61	9	roe	roe	PROPN
fbem-4881	61	10	cs	cs	PROPN
fbem-4881	61	11	tts	tts	PROPN
fbem-4881	61	12	lnsize	lnsize	PROPN
fbem-4881	61	13	ci	ci	NOUN
fbem-4881	61	14	1	1	NUM
fbem-4881	61	15	ei	ei	NOUN
fbem-4881	61	16	-0.0610	-0.0610	PROPN
fbem-4881	61	17	1	1	NUM
fbem-4881	61	18	roe	roe	PROPN
fbem-4881	61	19	0.167	0.167	NUM
fbem-4881	61	20	*	*	SYM
fbem-4881	61	21	0.0100	0.0100	NUM
fbem-4881	61	22	1	1	NUM
fbem-4881	61	23	cs	cs	NOUN
fbem-4881	61	24	0.288	0.288	NUM
fbem-4881	61	25	*	*	PUNCT
fbem-4881	61	26	*	*	PUNCT
fbem-4881	61	27	*	*	PUNCT
fbem-4881	61	28	-0.180	-0.180	PUNCT
fbem-4881	61	29	*	*	PUNCT
fbem-4881	61	30	*	*	NOUN
fbem-4881	61	31	0.515	0.515	NUM
fbem-4881	61	32	*	*	PUNCT
fbem-4881	61	33	*	*	PUNCT
fbem-4881	61	34	*	*	SYM
fbem-4881	61	35	1	1	NUM
fbem-4881	61	36	tts	tts	PROPN
fbem-4881	61	37	0.0450	0.0450	NUM
fbem-4881	61	38	0.285	0.285	NUM
fbem-4881	61	39	*	*	PUNCT
fbem-4881	61	40	*	*	PUNCT
fbem-4881	61	41	*	*	PUNCT
fbem-4881	61	42	-0.125	-0.125	NOUN
fbem-4881	61	43	-0.211	-0.211	NOUN
fbem-4881	61	44	*	*	PUNCT
fbem-4881	61	45	*	*	SYM
fbem-4881	61	46	1	1	NUM
fbem-4881	61	47	lnsize	lnsize	VERB
fbem-4881	61	48	0.0860	0.0860	NUM
fbem-4881	61	49	0.466	0.466	NUM
fbem-4881	61	50	*	*	PUNCT
fbem-4881	61	51	*	*	PUNCT
fbem-4881	61	52	*	*	PUNCT
fbem-4881	61	53	-0.0960	-0.0960	X
fbem-4881	62	1	-0.299	-0.299	PUNCT
fbem-4881	63	1	*	*	PUNCT
fbem-4881	63	2	*	*	PUNCT
fbem-4881	63	3	*	*	PUNCT
fbem-4881	63	4	0.406	0.406	NUM
fbem-4881	63	5	*	*	NOUN
fbem-4881	63	6	*	*	PUNCT
fbem-4881	63	7	*	*	PUNCT
fbem-4881	63	8	1	1	NUM
fbem-4881	63	9	4.2	4.2	NUM
fbem-4881	63	10	.	.	PUNCT
fbem-4881	64	1	regression	regression	VERB
fbem-4881	64	2	analysis	analysis	NOUN
fbem-4881	64	3	the	the	DET
fbem-4881	64	4	regression	regression	NOUN
fbem-4881	64	5	analysis	analysis	NOUN
fbem-4881	64	6	results	result	NOUN
fbem-4881	64	7	show	show	VERB
fbem-4881	64	8	that	that	SCONJ
fbem-4881	64	9	the	the	DET
fbem-4881	64	10	regression	regression	NOUN
fbem-4881	64	11	coefficient	coefficient	NOUN
fbem-4881	64	12	between	between	ADP
fbem-4881	64	13	core	core	ADJ
fbem-4881	64	14	explanatory	explanatory	ADJ
fbem-4881	64	15	variable	variable	NOUN
fbem-4881	64	16	ei	ei	NOUN
fbem-4881	64	17	and	and	CCONJ
fbem-4881	64	18	explained	explain	VERB
fbem-4881	64	19	variable	variable	ADJ
fbem-4881	64	20	ci	ci	PROPN
fbem-4881	64	21	is	be	AUX
fbem-4881	64	22	-0.004	-0.004	PUNCT
fbem-4881	64	23	,	,	PUNCT
fbem-4881	64	24	which	which	PRON
fbem-4881	64	25	is	be	AUX
fbem-4881	64	26	less	less	ADJ
fbem-4881	64	27	than	than	ADP
fbem-4881	64	28	zero	zero	NUM
fbem-4881	64	29	,	,	PUNCT
fbem-4881	64	30	indicating	indicate	VERB
fbem-4881	64	31	that	that	SCONJ
fbem-4881	64	32	the	the	DET
fbem-4881	64	33	more	more	ADJ
fbem-4881	64	34	enterprises	enterprise	NOUN
fbem-4881	64	35	invest	invest	VERB
fbem-4881	64	36	in	in	ADP
fbem-4881	64	37	environmental	environmental	ADJ
fbem-4881	64	38	protection	protection	NOUN
fbem-4881	64	39	,	,	PUNCT
fbem-4881	64	40	the	the	DET
fbem-4881	64	41	more	more	ADJ
fbem-4881	64	42	funds	fund	NOUN
fbem-4881	64	43	are	be	AUX
fbem-4881	64	44	available	available	ADJ
fbem-4881	64	45	for	for	ADP
fbem-4881	64	46	purchasing	purchase	VERB
fbem-4881	64	47	energy	energy	NOUN
fbem-4881	64	48	-	-	PUNCT
fbem-4881	64	49	saving	save	VERB
fbem-4881	64	50	and	and	CCONJ
fbem-4881	64	51	emission	emission	NOUN
fbem-4881	64	52	reduction	reduction	NOUN
fbem-4881	64	53	equipment	equipment	NOUN
fbem-4881	64	54	,	,	PUNCT
fbem-4881	64	55	purchasing	purchase	VERB
fbem-4881	64	56	clean	clean	ADJ
fbem-4881	64	57	energy	energy	NOUN
fbem-4881	64	58	,	,	PUNCT
fbem-4881	64	59	and	and	CCONJ
fbem-4881	64	60	researching	research	VERB
fbem-4881	64	61	and	and	CCONJ
fbem-4881	64	62	developing	develop	VERB
fbem-4881	64	63	technologies	technology	NOUN
fbem-4881	64	64	to	to	PART
fbem-4881	64	65	improve	improve	VERB
fbem-4881	64	66	energy	energy	NOUN
fbem-4881	64	67	efficiency	efficiency	NOUN
fbem-4881	64	68	,	,	PUNCT
fbem-4881	64	69	which	which	PRON
fbem-4881	64	70	is	be	AUX
fbem-4881	64	71	conducive	conducive	ADJ
fbem-4881	64	72	to	to	ADP
fbem-4881	64	73	reducing	reduce	VERB
fbem-4881	64	74	the	the	DET
fbem-4881	64	75	carbon	carbon	NOUN
fbem-4881	64	76	emissions	emission	NOUN
fbem-4881	64	77	of	of	ADP
fbem-4881	64	78	enterprises	enterprise	NOUN
fbem-4881	64	79	and	and	CCONJ
fbem-4881	64	80	the	the	DET
fbem-4881	64	81	lower	low	ADJ
fbem-4881	64	82	the	the	DET
fbem-4881	64	83	carbon	carbon	NOUN
fbem-4881	64	84	intensity	intensity	NOUN
fbem-4881	64	85	of	of	ADP
fbem-4881	64	86	enterprises	enterprise	NOUN
fbem-4881	64	87	.	.	PUNCT
fbem-4881	65	1	this	this	DET
fbem-4881	65	2	regression	regression	NOUN
fbem-4881	65	3	coefficient	coefficient	NOUN
fbem-4881	65	4	is	be	AUX
fbem-4881	65	5	significant	significant	ADJ
fbem-4881	65	6	at	at	ADP
fbem-4881	65	7	the	the	DET
fbem-4881	65	8	significance	significance	NOUN
fbem-4881	65	9	level	level	NOUN
fbem-4881	65	10	of	of	ADP
fbem-4881	65	11	1	1	NUM
fbem-4881	65	12	%	%	NOUN
fbem-4881	65	13	.	.	PUNCT
fbem-4881	66	1	according	accord	VERB
fbem-4881	66	2	to	to	ADP
fbem-4881	66	3	the	the	DET
fbem-4881	66	4	above	above	ADJ
fbem-4881	66	5	analysis	analysis	NOUN
fbem-4881	66	6	,	,	PUNCT
fbem-4881	66	7	there	there	PRON
fbem-4881	66	8	is	be	VERB
fbem-4881	66	9	a	a	DET
fbem-4881	66	10	significant	significant	ADJ
fbem-4881	66	11	negative	negative	ADJ
fbem-4881	66	12	correlation	correlation	NOUN
fbem-4881	66	13	between	between	ADP
fbem-4881	66	14	enterprise	enterprise	NOUN
fbem-4881	66	15	environmental	environmental	ADJ
fbem-4881	66	16	protection	protection	NOUN
fbem-4881	66	17	input	input	NOUN
fbem-4881	66	18	and	and	CCONJ
fbem-4881	66	19	enterprise	enterprise	NOUN
fbem-4881	66	20	carbon	carbon	NOUN
fbem-4881	66	21	intensity	intensity	NOUN
fbem-4881	66	22	.	.	PUNCT
fbem-4881	67	1	the	the	DET
fbem-4881	67	2	research	research	NOUN
fbem-4881	67	3	hypothesis	hypothesis	NOUN
fbem-4881	67	4	h1	h1	NOUN
fbem-4881	67	5	in	in	ADP
fbem-4881	67	6	this	this	DET
fbem-4881	67	7	paper	paper	NOUN
fbem-4881	67	8	passes	pass	VERB
fbem-4881	67	9	the	the	DET
fbem-4881	67	10	test	test	NOUN
fbem-4881	67	11	.	.	PUNCT
fbem-4881	68	1	based	base	VERB
fbem-4881	68	2	on	on	ADP
fbem-4881	68	3	the	the	DET
fbem-4881	68	4	above	above	ADJ
fbem-4881	68	5	regression	regression	NOUN
fbem-4881	68	6	results	result	NOUN
fbem-4881	68	7	,	,	PUNCT
fbem-4881	68	8	the	the	DET
fbem-4881	68	9	linear	linear	ADJ
fbem-4881	68	10	regression	regression	NOUN
fbem-4881	68	11	equation	equation	NOUN
fbem-4881	68	12	of	of	ADP
fbem-4881	68	13	correlation	correlation	NOUN
fbem-4881	68	14	between	between	ADP
fbem-4881	68	15	enterprise	enterprise	NOUN
fbem-4881	68	16	environmental	environmental	ADJ
fbem-4881	68	17	protection	protection	NOUN
fbem-4881	68	18	input	input	NOUN
fbem-4881	68	19	and	and	CCONJ
fbem-4881	68	20	enterprise	enterprise	NOUN
fbem-4881	68	21	carbon	carbon	NOUN
fbem-4881	68	22	intensity	intensity	NOUN
fbem-4881	68	23	is	be	AUX
fbem-4881	68	24	established	establish	VERB
fbem-4881	68	25	as	as	SCONJ
fbem-4881	68	26	follows	follow	VERB
fbem-4881	68	27	:	:	PUNCT
fbem-4881	68	28	27.564	27.564	NUM
fbem-4881	68	29	0.004	0.004	NUM
fbem-4881	68	30	1.094	1.094	NUM
fbem-4881	68	31	17.063	17.063	NUM
fbem-4881	68	32	0.011	0.011	NUM
fbem-4881	68	33	8.311ln	8.311ln	NOUN
fbem-4881	68	34	ci	ci	NOUN
fbem-4881	68	35	ei	ei	PROPN
fbem-4881	68	36	roe	roe	PROPN
fbem-4881	68	37	cs	cs	PROPN
fbem-4881	68	38	tts	tts	PROPN
fbem-4881	68	39	size	size	NOUN
fbem-4881	68	40			PROPN
fbem-4881	68	41			PROPN
fbem-4881	68	42			PROPN
fbem-4881	68	43			PUNCT
fbem-4881	68	44			CCONJ
fbem-4881	68	45			PUNCT
fbem-4881	68	46			X
fbem-4881	68	47	(	(	PUNCT
fbem-4881	68	48	2	2	X
fbem-4881	68	49	)	)	PUNCT
fbem-4881	68	50	n=134,𝑅	n=134,𝑅	NOUN
fbem-4881	68	51	.129	.129	NUM
fbem-4881	68	52	4.3	4.3	NUM
fbem-4881	68	53	.	.	PUNCT
fbem-4881	69	1	robustness	robustness	NOUN
fbem-4881	69	2	analysis	analysis	NOUN
fbem-4881	69	3	-supplement	-supplement	NOUN
fbem-4881	69	4	of	of	ADP
fbem-4881	69	5	control	control	NOUN
fbem-4881	69	6	variables	variable	NOUN
fbem-4881	69	7	in	in	ADP
fbem-4881	69	8	addition	addition	NOUN
fbem-4881	69	9	to	to	ADP
fbem-4881	69	10	the	the	DET
fbem-4881	69	11	above	above	ADJ
fbem-4881	69	12	control	control	NOUN
fbem-4881	69	13	variables	variable	NOUN
fbem-4881	69	14	,	,	PUNCT
fbem-4881	69	15	enterprise	enterprise	NOUN
fbem-4881	69	16	carbon	carbon	NOUN
fbem-4881	69	17	intensity	intensity	NOUN
fbem-4881	69	18	may	may	AUX
fbem-4881	69	19	also	also	ADV
fbem-4881	69	20	be	be	AUX
fbem-4881	69	21	affected	affect	VERB
fbem-4881	69	22	by	by	ADP
fbem-4881	69	23	the	the	DET
fbem-4881	69	24	degree	degree	NOUN
fbem-4881	69	25	of	of	ADP
fbem-4881	69	26	environmental	environmental	ADJ
fbem-4881	69	27	information	information	NOUN
fbem-4881	69	28	disclosure	disclosure	NOUN
fbem-4881	69	29	.	.	PUNCT
fbem-4881	70	1	therefore	therefore	ADV
fbem-4881	70	2	,	,	PUNCT
fbem-4881	70	3	this	this	DET
fbem-4881	70	4	paper	paper	NOUN
fbem-4881	70	5	tests	test	VERB
fbem-4881	70	6	the	the	DET
fbem-4881	70	7	robustness	robustness	NOUN
fbem-4881	70	8	of	of	ADP
fbem-4881	70	9	the	the	DET
fbem-4881	70	10	model	model	NOUN
fbem-4881	70	11	by	by	ADP
fbem-4881	70	12	increasing	increase	VERB
fbem-4881	70	13	the	the	DET
fbem-4881	70	14	number	number	NOUN
fbem-4881	70	15	of	of	ADP
fbem-4881	70	16	control	control	NOUN
fbem-4881	70	17	variables	variable	NOUN
fbem-4881	70	18	in	in	ADP
fbem-4881	70	19	the	the	DET
fbem-4881	70	20	model	model	NOUN
fbem-4881	70	21	.	.	PUNCT
fbem-4881	71	1	the	the	DET
fbem-4881	71	2	esg	esg	PROPN
fbem-4881	71	3	investment	investment	NOUN
fbem-4881	71	4	concept	concept	NOUN
fbem-4881	71	5	requires	require	VERB
fbem-4881	71	6	enterprises	enterprise	NOUN
fbem-4881	71	7	to	to	PART
fbem-4881	71	8	compile	compile	VERB
fbem-4881	71	9	reports	report	NOUN
fbem-4881	71	10	on	on	ADP
fbem-4881	71	11	the	the	DET
fbem-4881	71	12	results	result	NOUN
fbem-4881	71	13	of	of	ADP
fbem-4881	71	14	esg	esg	PROPN
fbem-4881	71	15	management	management	NOUN
fbem-4881	71	16	and	and	CCONJ
fbem-4881	71	17	disclose	disclose	VERB
fbem-4881	71	18	them	they	PRON
fbem-4881	71	19	to	to	ADP
fbem-4881	71	20	the	the	DET
fbem-4881	71	21	public	public	NOUN
fbem-4881	71	22	so	so	SCONJ
fbem-4881	71	23	as	as	SCONJ
fbem-4881	71	24	to	to	PART
fbem-4881	71	25	reduce	reduce	VERB
fbem-4881	71	26	the	the	DET
fbem-4881	71	27	information	information	NOUN
fbem-4881	71	28	asymmetry	asymmetry	NOUN
fbem-4881	71	29	between	between	ADP
fbem-4881	71	30	market	market	NOUN
fbem-4881	71	31	investors	investor	NOUN
fbem-4881	71	32	and	and	CCONJ
fbem-4881	71	33	enterprise	enterprise	NOUN
fbem-4881	71	34	managers	manager	NOUN
fbem-4881	71	35	.	.	PUNCT
fbem-4881	72	1	when	when	SCONJ
fbem-4881	72	2	an	an	DET
fbem-4881	72	3	enterprise	enterprise	NOUN
fbem-4881	72	4	belongs	belong	VERB
fbem-4881	72	5	to	to	ADP
fbem-4881	72	6	a	a	DET
fbem-4881	72	7	heavy	heavy	ADJ
fbem-4881	72	8	polluting	polluting	NOUN
fbem-4881	72	9	industry	industry	NOUN
fbem-4881	72	10	,	,	PUNCT
fbem-4881	72	11	there	there	PRON
fbem-4881	72	12	are	be	VERB
fbem-4881	72	13	more	more	ADV
fbem-4881	72	14	quantitative	quantitative	ADJ
fbem-4881	72	15	indicators	indicator	NOUN
fbem-4881	72	16	for	for	ADP
fbem-4881	72	17	measurement	measurement	NOUN
fbem-4881	72	18	and	and	CCONJ
fbem-4881	72	19	disclosure	disclosure	NOUN
fbem-4881	72	20	of	of	ADP
fbem-4881	72	21	its	its	PRON
fbem-4881	72	22	environmental	environmental	ADJ
fbem-4881	72	23	performance	performance	NOUN
fbem-4881	72	24	,	,	PUNCT
fbem-4881	72	25	so	so	CCONJ
fbem-4881	72	26	the	the	DET
fbem-4881	72	27	degree	degree	NOUN
fbem-4881	72	28	of	of	ADP
fbem-4881	72	29	environmental	environmental	ADJ
fbem-4881	72	30	disclosure	disclosure	NOUN
fbem-4881	72	31	is	be	AUX
fbem-4881	72	32	higher	high	ADJ
fbem-4881	72	33	.	.	PUNCT
fbem-4881	73	1	when	when	SCONJ
fbem-4881	73	2	an	an	DET
fbem-4881	73	3	enterprise	enterprise	NOUN
fbem-4881	73	4	belongs	belong	VERB
fbem-4881	73	5	to	to	ADP
fbem-4881	73	6	a	a	DET
fbem-4881	73	7	light	light	ADJ
fbem-4881	73	8	polluting	polluting	NOUN
fbem-4881	73	9	industry	industry	NOUN
fbem-4881	73	10	,	,	PUNCT
fbem-4881	73	11	its	its	PRON
fbem-4881	73	12	environmental	environmental	ADJ
fbem-4881	73	13	performance	performance	NOUN
fbem-4881	73	14	may	may	AUX
fbem-4881	73	15	be	be	AUX
fbem-4881	73	16	difficult	difficult	ADJ
fbem-4881	73	17	to	to	PART
fbem-4881	73	18	be	be	AUX
fbem-4881	73	19	described	describe	VERB
fbem-4881	73	20	by	by	ADP
fbem-4881	73	21	quantitative	quantitative	ADJ
fbem-4881	73	22	indicators	indicator	NOUN
fbem-4881	73	23	,	,	PUNCT
fbem-4881	73	24	so	so	CCONJ
fbem-4881	73	25	the	the	DET
fbem-4881	73	26	enterprise	enterprise	NOUN
fbem-4881	73	27	can	can	AUX
fbem-4881	73	28	only	only	ADV
fbem-4881	73	29	describe	describe	VERB
fbem-4881	73	30	qualitatively	qualitatively	ADV
fbem-4881	73	31	or	or	CCONJ
fbem-4881	73	32	do	do	AUX
fbem-4881	73	33	not	not	PART
fbem-4881	73	34	disclose	disclose	VERB
fbem-4881	73	35	,	,	PUNCT
fbem-4881	73	36	and	and	CCONJ
fbem-4881	73	37	the	the	DET
fbem-4881	73	38	degree	degree	NOUN
fbem-4881	73	39	of	of	ADP
fbem-4881	73	40	environmental	environmental	ADJ
fbem-4881	73	41	disclosure	disclosure	NOUN
fbem-4881	73	42	is	be	AUX
fbem-4881	73	43	low	low	ADJ
fbem-4881	73	44	.	.	PUNCT
fbem-4881	74	1	the	the	DET
fbem-4881	74	2	carbon	carbon	NOUN
fbem-4881	74	3	intensity	intensity	NOUN
fbem-4881	74	4	of	of	ADP
fbem-4881	74	5	heavy	heavy	ADJ
fbem-4881	74	6	polluting	polluting	NOUN
fbem-4881	74	7	enterprises	enterprise	NOUN
fbem-4881	74	8	is	be	AUX
fbem-4881	74	9	higher	high	ADJ
fbem-4881	74	10	,	,	PUNCT
fbem-4881	74	11	and	and	CCONJ
fbem-4881	74	12	that	that	PRON
fbem-4881	74	13	of	of	ADP
fbem-4881	74	14	light	light	ADJ
fbem-4881	74	15	polluting	polluting	NOUN
fbem-4881	74	16	enterprises	enterprise	NOUN
fbem-4881	74	17	is	be	AUX
fbem-4881	74	18	lower	low	ADJ
fbem-4881	74	19	.	.	PUNCT
fbem-4881	75	1	based	base	VERB
fbem-4881	75	2	on	on	ADP
fbem-4881	75	3	the	the	DET
fbem-4881	75	4	above	above	ADJ
fbem-4881	75	5	analysis	analysis	NOUN
fbem-4881	75	6	,	,	PUNCT
fbem-4881	75	7	the	the	PRON
fbem-4881	75	8	higher	high	ADJ
fbem-4881	75	9	the	the	DET
fbem-4881	75	10	degree	degree	NOUN
fbem-4881	75	11	of	of	ADP
fbem-4881	75	12	environmental	environmental	ADJ
fbem-4881	75	13	information	information	NOUN
fbem-4881	75	14	disclosure	disclosure	NOUN
fbem-4881	75	15	,	,	PUNCT
fbem-4881	75	16	the	the	PRON
fbem-4881	75	17	higher	high	ADJ
fbem-4881	75	18	the	the	DET
fbem-4881	75	19	carbon	carbon	NOUN
fbem-4881	75	20	intensity	intensity	NOUN
fbem-4881	75	21	.	.	PUNCT
fbem-4881	76	1	therefore	therefore	ADV
fbem-4881	76	2	,	,	PUNCT
fbem-4881	76	3	eid	eid	PROPN
fbem-4881	76	4	,	,	PUNCT
fbem-4881	76	5	a	a	DET
fbem-4881	76	6	dummy	dummy	ADJ
fbem-4881	76	7	variable	variable	NOUN
fbem-4881	76	8	representing	represent	VERB
fbem-4881	76	9	the	the	DET
fbem-4881	76	10	degree	degree	NOUN
fbem-4881	76	11	of	of	ADP
fbem-4881	76	12	environmental	environmental	ADJ
fbem-4881	76	13	information	information	NOUN
fbem-4881	76	14	disclosure	disclosure	NOUN
fbem-4881	76	15	,	,	PUNCT
fbem-4881	76	16	is	be	AUX
fbem-4881	76	17	included	include	VERB
fbem-4881	76	18	in	in	ADP
fbem-4881	76	19	the	the	DET
fbem-4881	76	20	empirical	empirical	ADJ
fbem-4881	76	21	test	test	NOUN
fbem-4881	76	22	in	in	ADP
fbem-4881	76	23	this	this	DET
fbem-4881	76	24	paper	paper	NOUN
fbem-4881	76	25	,	,	PUNCT
fbem-4881	76	26	where	where	SCONJ
fbem-4881	76	27	0	0	NUM
fbem-4881	76	28	represents	represent	VERB
fbem-4881	76	29	non	non	ADJ
fbem-4881	76	30	-	-	NOUN
fbem-4881	76	31	disclosure	disclosure	NOUN
fbem-4881	76	32	of	of	ADP
fbem-4881	76	33	environmental	environmental	ADJ
fbem-4881	76	34	information	information	NOUN
fbem-4881	76	35	by	by	ADP
fbem-4881	76	36	enterprises	enterprise	NOUN
fbem-4881	76	37	,	,	PUNCT
fbem-4881	76	38	1	1	NUM
fbem-4881	76	39	represents	represent	VERB
fbem-4881	76	40	disclosure	disclosure	NOUN
fbem-4881	76	41	of	of	ADP
fbem-4881	76	42	qualitative	qualitative	ADJ
fbem-4881	76	43	environmental	environmental	ADJ
fbem-4881	76	44	information	information	NOUN
fbem-4881	76	45	by	by	ADP
fbem-4881	76	46	enterprises	enterprise	NOUN
fbem-4881	76	47	,	,	PUNCT
fbem-4881	76	48	and	and	CCONJ
fbem-4881	76	49	2	2	NUM
fbem-4881	76	50	represents	represent	VERB
fbem-4881	76	51	disclosure	disclosure	NOUN
fbem-4881	76	52	of	of	ADP
fbem-4881	76	53	quantitative	quantitative	ADJ
fbem-4881	76	54	environmental	environmental	ADJ
fbem-4881	76	55	information	information	NOUN
fbem-4881	76	56	by	by	ADP
fbem-4881	76	57	enterprises	enterprise	NOUN
fbem-4881	76	58	.	.	PUNCT
fbem-4881	77	1	the	the	DET
fbem-4881	77	2	above	above	ADJ
fbem-4881	77	3	new	new	ADJ
fbem-4881	77	4	control	control	NOUN
fbem-4881	77	5	variables	variable	NOUN
fbem-4881	77	6	are	be	AUX
fbem-4881	77	7	incorporated	incorporate	VERB
fbem-4881	77	8	into	into	ADP
fbem-4881	77	9	the	the	DET
fbem-4881	77	10	benchmark	benchmark	NOUN
fbem-4881	77	11	model	model	NOUN
fbem-4881	77	12	,	,	PUNCT
fbem-4881	77	13	and	and	CCONJ
fbem-4881	77	14	the	the	DET
fbem-4881	77	15	regression	regression	NOUN
fbem-4881	77	16	results	result	NOUN
fbem-4881	77	17	are	be	AUX
fbem-4881	77	18	shown	show	VERB
fbem-4881	77	19	in	in	ADP
fbem-4881	77	20	the	the	DET
fbem-4881	77	21	figure	figure	NOUN
fbem-4881	77	22	below	below	ADV
fbem-4881	77	23	.	.	PUNCT
fbem-4881	78	1	it	it	PRON
fbem-4881	78	2	can	can	AUX
fbem-4881	78	3	be	be	AUX
fbem-4881	78	4	seen	see	VERB
fbem-4881	78	5	that	that	SCONJ
fbem-4881	78	6	the	the	DET
fbem-4881	78	7	regression	regression	NOUN
fbem-4881	78	8	coefficient	coefficient	NOUN
fbem-4881	78	9	value	value	NOUN
fbem-4881	78	10	of	of	ADP
fbem-4881	78	11	core	core	ADJ
fbem-4881	78	12	explanatory	explanatory	ADJ
fbem-4881	78	13	variable	variable	NOUN
fbem-4881	78	14	ei	ei	NOUN
fbem-4881	78	15	is	be	AUX
fbem-4881	78	16	close	close	ADJ
fbem-4881	78	17	to	to	ADP
fbem-4881	78	18	the	the	DET
fbem-4881	78	19	benchmark	benchmark	NOUN
fbem-4881	78	20	model	model	NOUN
fbem-4881	78	21	,	,	PUNCT
fbem-4881	78	22	so	so	SCONJ
fbem-4881	78	23	the	the	DET
fbem-4881	78	24	benchmark	benchmark	NOUN
fbem-4881	78	25	model	model	NOUN
fbem-4881	78	26	is	be	AUX
fbem-4881	78	27	robust	robust	ADJ
fbem-4881	78	28	.	.	PUNCT
fbem-4881	79	1	29.059	29.059	NUM
fbem-4881	79	2	0.005	0.005	NUM
fbem-4881	79	3	0.602	0.602	NUM
fbem-4881	79	4	2.944	2.944	NUM
fbem-4881	79	5	16.175	16.175	NUM
fbem-4881	79	6	0.013	0.013	NUM
fbem-4881	79	7	8.437	8.437	NUM
fbem-4881	79	8	ci	ci	NOUN
fbem-4881	79	9	ei	ei	ADP
fbem-4881	79	10	eid	eid	PROPN
fbem-4881	79	11	roe	roe	PROPN
fbem-4881	79	12	cs	cs	PROPN
fbem-4881	79	13	tts	tts	PROPN
fbem-4881	79	14	lnsize	lnsize	NOUN
fbem-4881	79	15			PROPN
fbem-4881	79	16			PROPN
fbem-4881	79	17			PROPN
fbem-4881	79	18			PUNCT
fbem-4881	79	19			CCONJ
fbem-4881	79	20			PROPN
fbem-4881	79	21			PUNCT
fbem-4881	79	22			X
fbem-4881	79	23	(	(	PUNCT
fbem-4881	79	24	3	3	X
fbem-4881	79	25	)	)	PUNCT
fbem-4881	79	26	n=134,𝑅	n=134,𝑅	NOUN
fbem-4881	79	27	.148	.148	NUM
fbem-4881	79	28	5	5	NUM
fbem-4881	79	29	.	.	PUNCT
fbem-4881	79	30	conclusions	conclusion	NOUN
fbem-4881	79	31	and	and	CCONJ
fbem-4881	79	32	recommendations	recommendation	NOUN
fbem-4881	79	33	5.1	5.1	NUM
fbem-4881	79	34	.	.	PUNCT
fbem-4881	80	1	research	research	NOUN
fbem-4881	80	2	conclusions	conclusion	NOUN
fbem-4881	80	3	this	this	DET
fbem-4881	80	4	paper	paper	NOUN
fbem-4881	80	5	focuses	focus	VERB
fbem-4881	80	6	on	on	ADP
fbem-4881	80	7	the	the	DET
fbem-4881	80	8	core	core	NOUN
fbem-4881	80	9	topic	topic	NOUN
fbem-4881	80	10	of	of	ADP
fbem-4881	80	11	the	the	DET
fbem-4881	80	12	impact	impact	NOUN
fbem-4881	80	13	of	of	ADP
fbem-4881	80	14	esg	esg	PROPN
fbem-4881	80	15	investment	investment	NOUN
fbem-4881	80	16	on	on	ADP
fbem-4881	80	17	corporate	corporate	ADJ
fbem-4881	80	18	environmental	environmental	ADJ
fbem-4881	80	19	performance	performance	NOUN
fbem-4881	80	20	,	,	PUNCT
fbem-4881	80	21	explores	explore	VERB
fbem-4881	80	22	its	its	PRON
fbem-4881	80	23	related	related	ADJ
fbem-4881	80	24	relationship	relationship	NOUN
fbem-4881	80	25	,	,	PUNCT
fbem-4881	80	26	and	and	CCONJ
fbem-4881	80	27	tries	try	VERB
fbem-4881	80	28	to	to	PART
fbem-4881	80	29	provide	provide	VERB
fbem-4881	80	30	theoretical	theoretical	ADJ
fbem-4881	80	31	support	support	NOUN
fbem-4881	80	32	for	for	ADP
fbem-4881	80	33	the	the	DET
fbem-4881	80	34	development	development	NOUN
fbem-4881	80	35	of	of	ADP
fbem-4881	80	36	esg	esg	PROPN
fbem-4881	80	37	investment	investment	NOUN
fbem-4881	80	38	in	in	ADP
fbem-4881	80	39	china	china	PROPN
fbem-4881	80	40	through	through	ADP
fbem-4881	80	41	the	the	DET
fbem-4881	80	42	research	research	NOUN
fbem-4881	80	43	results	result	NOUN
fbem-4881	80	44	.	.	PUNCT
fbem-4881	81	1	integrating	integrate	VERB
fbem-4881	81	2	the	the	DET
fbem-4881	81	3	analysis	analysis	NOUN
fbem-4881	81	4	results	result	NOUN
fbem-4881	81	5	of	of	ADP
fbem-4881	81	6	the	the	DET
fbem-4881	81	7	previous	previous	ADJ
fbem-4881	81	8	chapters	chapter	NOUN
fbem-4881	81	9	,	,	PUNCT
fbem-4881	81	10	this	this	DET
fbem-4881	81	11	paper	paper	NOUN
fbem-4881	81	12	obtains	obtain	VERB
fbem-4881	81	13	the	the	DET
fbem-4881	81	14	following	follow	VERB
fbem-4881	81	15	conclusions	conclusion	NOUN
fbem-4881	81	16	.	.	PUNCT
fbem-4881	82	1	first	first	ADJ
fbem-4881	82	2	,	,	PUNCT
fbem-4881	82	3	corporate	corporate	ADJ
fbem-4881	82	4	investment	investment	NOUN
fbem-4881	82	5	in	in	ADP
fbem-4881	82	6	environmental	environmental	ADJ
fbem-4881	82	7	protection	protection	NOUN
fbem-4881	82	8	can	can	AUX
fbem-4881	82	9	improve	improve	VERB
fbem-4881	82	10	environmental	environmental	ADJ
fbem-4881	82	11	performance	performance	NOUN
fbem-4881	82	12	.	.	PUNCT
fbem-4881	83	1	research	research	NOUN
fbem-4881	83	2	shows	show	VERB
fbem-4881	83	3	that	that	SCONJ
fbem-4881	83	4	there	there	PRON
fbem-4881	83	5	is	be	VERB
fbem-4881	83	6	a	a	DET
fbem-4881	83	7	significant	significant	ADJ
fbem-4881	83	8	negative	negative	ADJ
fbem-4881	83	9	correlation	correlation	NOUN
fbem-4881	83	10	between	between	ADP
fbem-4881	83	11	the	the	DET
fbem-4881	83	12	investment	investment	NOUN
fbem-4881	83	13	in	in	ADP
fbem-4881	83	14	environmental	environmental	ADJ
fbem-4881	83	15	protection	protection	NOUN
fbem-4881	83	16	and	and	CCONJ
fbem-4881	83	17	the	the	DET
fbem-4881	83	18	carbon	carbon	NOUN
fbem-4881	83	19	intensity	intensity	NOUN
fbem-4881	83	20	of	of	ADP
fbem-4881	83	21	enterprises	enterprise	NOUN
fbem-4881	83	22	practicing	practice	VERB
fbem-4881	83	23	esg	esg	PROPN
fbem-4881	83	24	concept	concept	NOUN
fbem-4881	83	25	.	.	PUNCT
fbem-4881	84	1	as	as	SCONJ
fbem-4881	84	2	companies	company	NOUN
fbem-4881	84	3	become	become	VERB
fbem-4881	84	4	more	more	ADV
fbem-4881	84	5	aware	aware	ADJ
fbem-4881	84	6	of	of	ADP
fbem-4881	84	7	environmental	environmental	ADJ
fbem-4881	84	8	protection	protection	NOUN
fbem-4881	84	9	and	and	CCONJ
fbem-4881	84	10	invest	invest	VERB
fbem-4881	84	11	in	in	ADP
fbem-4881	84	12	related	related	ADJ
fbem-4881	84	13	areas	area	NOUN
fbem-4881	84	14	,	,	PUNCT
fbem-4881	84	15	environmental	environmental	ADJ
fbem-4881	84	16	indicators	indicator	NOUN
fbem-4881	84	17	improve	improve	VERB
fbem-4881	84	18	and	and	CCONJ
fbem-4881	84	19	the	the	DET
fbem-4881	84	20	overall	overall	ADJ
fbem-4881	84	21	emissions	emission	NOUN
fbem-4881	84	22	of	of	ADP
fbem-4881	84	23	pollutants	pollutant	NOUN
fbem-4881	84	24	and	and	CCONJ
fbem-4881	84	25	harmful	harmful	ADJ
fbem-4881	84	26	substances	substance	NOUN
fbem-4881	84	27	to	to	ADP
fbem-4881	84	28	the	the	DET
fbem-4881	84	29	outside	outside	ADJ
fbem-4881	84	30	world	world	NOUN
fbem-4881	84	31	are	be	AUX
fbem-4881	84	32	significantly	significantly	ADV
fbem-4881	84	33	reduced	reduce	VERB
fbem-4881	84	34	,	,	PUNCT
fbem-4881	84	35	thus	thus	ADV
fbem-4881	84	36	improving	improve	VERB
fbem-4881	84	37	the	the	DET
fbem-4881	84	38	environmental	environmental	ADJ
fbem-4881	84	39	performance	performance	NOUN
fbem-4881	84	40	of	of	ADP
fbem-4881	84	41	companies	company	NOUN
fbem-4881	84	42	.	.	PUNCT
fbem-4881	85	1	second	second	ADJ
fbem-4881	85	2	,	,	PUNCT
fbem-4881	85	3	the	the	DET
fbem-4881	85	4	correlation	correlation	NOUN
fbem-4881	85	5	between	between	ADP
fbem-4881	85	6	the	the	DET
fbem-4881	85	7	environmental	environmental	ADJ
fbem-4881	85	8	performance	performance	NOUN
fbem-4881	85	9	of	of	ADP
fbem-4881	85	10	firms	firm	NOUN
fbem-4881	85	11	and	and	CCONJ
fbem-4881	85	12	the	the	DET
fbem-4881	85	13	variables	variable	NOUN
fbem-4881	85	14	such	such	ADJ
fbem-4881	85	15	as	as	ADP
fbem-4881	85	16	equity	equity	NOUN
fbem-4881	85	17	concentration	concentration	NOUN
fbem-4881	85	18	and	and	CCONJ
fbem-4881	85	19	roe	roe	NOUN
fbem-4881	85	20	of	of	ADP
fbem-4881	85	21	firms	firm	NOUN
fbem-4881	85	22	is	be	AUX
fbem-4881	85	23	not	not	PART
fbem-4881	85	24	significant	significant	ADJ
fbem-4881	85	25	.	.	PUNCT
fbem-4881	86	1	it	it	PRON
fbem-4881	86	2	is	be	AUX
fbem-4881	86	3	generally	generally	ADV
fbem-4881	86	4	believed	believe	VERB
fbem-4881	86	5	that	that	SCONJ
fbem-4881	86	6	large	large	ADJ
fbem-4881	86	7	firms	firm	NOUN
fbem-4881	86	8	with	with	ADP
fbem-4881	86	9	high	high	ADJ
fbem-4881	86	10	roe	roe	NOUN
fbem-4881	86	11	have	have	VERB
fbem-4881	86	12	the	the	DET
fbem-4881	86	13	ability	ability	NOUN
fbem-4881	86	14	and	and	CCONJ
fbem-4881	86	15	are	be	AUX
fbem-4881	86	16	more	more	ADV
fbem-4881	86	17	active	active	ADJ
fbem-4881	86	18	in	in	ADP
fbem-4881	86	19	investing	invest	VERB
fbem-4881	86	20	in	in	ADP
fbem-4881	86	21	environmental	environmental	ADJ
fbem-4881	86	22	protection	protection	NOUN
fbem-4881	86	23	to	to	PART
fbem-4881	86	24	enhance	enhance	VERB
fbem-4881	86	25	their	their	PRON
fbem-4881	86	26	corporate	corporate	ADJ
fbem-4881	86	27	image	image	NOUN
fbem-4881	86	28	to	to	PART
fbem-4881	86	29	increase	increase	VERB
fbem-4881	86	30	their	their	PRON
fbem-4881	86	31	corporate	corporate	ADJ
fbem-4881	86	32	value	value	NOUN
fbem-4881	86	33	.	.	PUNCT
fbem-4881	87	1	companies	company	NOUN
fbem-4881	87	2	with	with	ADP
fbem-4881	87	3	high	high	ADJ
fbem-4881	87	4	equity	equity	NOUN
fbem-4881	87	5	concentration	concentration	NOUN
fbem-4881	87	6	have	have	VERB
fbem-4881	87	7	large	large	ADJ
fbem-4881	87	8	shareholders	shareholder	NOUN
fbem-4881	87	9	who	who	PRON
fbem-4881	87	10	,	,	PUNCT
fbem-4881	87	11	to	to	ADP
fbem-4881	87	12	some	some	DET
fbem-4881	87	13	extent	extent	NOUN
fbem-4881	87	14	,	,	PUNCT
fbem-4881	87	15	influence	influence	VERB
fbem-4881	87	16	corporate	corporate	ADJ
fbem-4881	87	17	decisions	decision	NOUN
fbem-4881	87	18	on	on	ADP
fbem-4881	87	19	environmental	environmental	ADJ
fbem-4881	87	20	investment	investment	NOUN
fbem-4881	87	21	.	.	PUNCT
fbem-4881	88	1	in	in	ADP
fbem-4881	88	2	contrast	contrast	NOUN
fbem-4881	88	3	,	,	PUNCT
fbem-4881	88	4	the	the	DET
fbem-4881	88	5	study	study	NOUN
fbem-4881	88	6	shows	show	VERB
fbem-4881	88	7	that	that	SCONJ
fbem-4881	88	8	the	the	DET
fbem-4881	88	9	effect	effect	NOUN
fbem-4881	88	10	of	of	ADP
fbem-4881	88	11	equity	equity	NOUN
fbem-4881	88	12	concentration	concentration	NOUN
fbem-4881	88	13	and	and	CCONJ
fbem-4881	88	14	the	the	DET
fbem-4881	88	15	level	level	NOUN
fbem-4881	88	16	of	of	ADP
fbem-4881	88	17	roe	roe	NOUN
fbem-4881	88	18	on	on	ADP
fbem-4881	88	19	environmental	environmental	ADJ
fbem-4881	88	20	performance	performance	NOUN
fbem-4881	88	21	is	be	AUX
fbem-4881	88	22	not	not	PART
fbem-4881	88	23	significant	significant	ADJ
fbem-4881	88	24	.	.	PUNCT
fbem-4881	89	1	5.2	5.2	NUM
fbem-4881	89	2	.	.	PUNCT
fbem-4881	89	3	related	relate	VERB
fbem-4881	89	4	suggestions	suggestion	NOUN
fbem-4881	89	5	based	base	VERB
fbem-4881	89	6	on	on	ADP
fbem-4881	89	7	the	the	DET
fbem-4881	89	8	findings	finding	NOUN
fbem-4881	89	9	of	of	ADP
fbem-4881	89	10	this	this	DET
fbem-4881	89	11	paper	paper	NOUN
fbem-4881	89	12	and	and	CCONJ
fbem-4881	89	13	the	the	DET
fbem-4881	89	14	problems	problem	NOUN
fbem-4881	89	15	encountered	encounter	VERB
fbem-4881	89	16	in	in	ADP
fbem-4881	89	17	the	the	DET
fbem-4881	89	18	research	research	NOUN
fbem-4881	89	19	process	process	NOUN
fbem-4881	89	20	,	,	PUNCT
fbem-4881	89	21	this	this	DET
fbem-4881	89	22	paper	paper	NOUN
fbem-4881	89	23	proposes	propose	VERB
fbem-4881	89	24	the	the	DET
fbem-4881	89	25	following	follow	VERB
fbem-4881	89	26	countermeasures	countermeasure	NOUN
fbem-4881	89	27	and	and	CCONJ
fbem-4881	89	28	recommendations	recommendation	NOUN
fbem-4881	89	29	.	.	PUNCT
fbem-4881	90	1	(	(	PUNCT
fbem-4881	90	2	1	1	X
fbem-4881	90	3	)	)	PUNCT
fbem-4881	90	4	focus	focus	NOUN
fbem-4881	90	5	on	on	ADP
fbem-4881	90	6	improving	improve	VERB
fbem-4881	90	7	corporate	corporate	ADJ
fbem-4881	90	8	awareness	awareness	NOUN
fbem-4881	90	9	of	of	ADP
fbem-4881	90	10	environmental	environmental	ADJ
fbem-4881	90	11	protection	protection	NOUN
fbem-4881	90	12	and	and	CCONJ
fbem-4881	90	13	the	the	DET
fbem-4881	90	14	enthusiasm	enthusiasm	NOUN
fbem-4881	90	15	of	of	ADP
fbem-4881	90	16	environmental	environmental	ADJ
fbem-4881	90	17	protection	protection	NOUN
fbem-4881	90	18	practices	practice	NOUN
fbem-4881	90	19	.	.	PUNCT
fbem-4881	91	1	strengthen	strengthen	VERB
fbem-4881	91	2	the	the	DET
fbem-4881	91	3	promotion	promotion	NOUN
fbem-4881	91	4	141	141	NUM
fbem-4881	91	5	of	of	ADP
fbem-4881	91	6	esg	esg	PROPN
fbem-4881	91	7	concept	concept	NOUN
fbem-4881	91	8	,	,	PUNCT
fbem-4881	91	9	promote	promote	VERB
fbem-4881	91	10	esg	esg	NOUN
fbem-4881	91	11	investment	investment	NOUN
fbem-4881	91	12	by	by	ADP
fbem-4881	91	13	enterprises	enterprise	NOUN
fbem-4881	91	14	,	,	PUNCT
fbem-4881	91	15	increase	increase	VERB
fbem-4881	91	16	environmental	environmental	ADJ
fbem-4881	91	17	protection	protection	NOUN
fbem-4881	91	18	investment	investment	NOUN
fbem-4881	91	19	,	,	PUNCT
fbem-4881	91	20	improve	improve	VERB
fbem-4881	91	21	resource	resource	NOUN
fbem-4881	91	22	utilization	utilization	NOUN
fbem-4881	91	23	efficiency	efficiency	NOUN
fbem-4881	91	24	,	,	PUNCT
fbem-4881	91	25	and	and	CCONJ
fbem-4881	91	26	promote	promote	VERB
fbem-4881	91	27	high	high	ADJ
fbem-4881	91	28	-	-	PUNCT
fbem-4881	91	29	quality	quality	NOUN
fbem-4881	91	30	development	development	NOUN
fbem-4881	91	31	of	of	ADP
fbem-4881	91	32	enterprises	enterprise	NOUN
fbem-4881	91	33	in	in	ADP
fbem-4881	91	34	the	the	DET
fbem-4881	91	35	direction	direction	NOUN
fbem-4881	91	36	of	of	ADP
fbem-4881	91	37	green	green	ADJ
fbem-4881	91	38	and	and	CCONJ
fbem-4881	91	39	environmental	environmental	ADJ
fbem-4881	91	40	protection	protection	NOUN
fbem-4881	91	41	.	.	PUNCT
fbem-4881	92	1	(	(	PUNCT
fbem-4881	92	2	2	2	X
fbem-4881	92	3	)	)	PUNCT
fbem-4881	92	4	strictly	strictly	ADV
fbem-4881	92	5	comply	comply	VERB
fbem-4881	92	6	with	with	ADP
fbem-4881	92	7	the	the	DET
fbem-4881	92	8	csr	csr	NOUN
fbem-4881	92	9	disclosure	disclosure	NOUN
fbem-4881	92	10	system	system	NOUN
fbem-4881	92	11	.	.	PUNCT
fbem-4881	93	1	before	before	ADP
fbem-4881	93	2	2022	2022	NUM
fbem-4881	93	3	,	,	PUNCT
fbem-4881	93	4	the	the	DET
fbem-4881	93	5	number	number	NOUN
fbem-4881	93	6	of	of	ADP
fbem-4881	93	7	enterprises	enterprise	NOUN
fbem-4881	93	8	publishing	publish	VERB
fbem-4881	93	9	social	social	ADJ
fbem-4881	93	10	responsibility	responsibility	NOUN
fbem-4881	93	11	reports	report	NOUN
fbem-4881	93	12	in	in	ADP
fbem-4881	93	13	china	china	PROPN
fbem-4881	93	14	is	be	AUX
fbem-4881	93	15	small	small	ADJ
fbem-4881	93	16	,	,	PUNCT
fbem-4881	93	17	and	and	CCONJ
fbem-4881	93	18	voluntary	voluntary	ADJ
fbem-4881	93	19	disclosure	disclosure	NOUN
fbem-4881	93	20	is	be	AUX
fbem-4881	93	21	the	the	DET
fbem-4881	93	22	main	main	ADJ
fbem-4881	93	23	reason	reason	NOUN
fbem-4881	93	24	for	for	ADP
fbem-4881	93	25	the	the	DET
fbem-4881	93	26	lack	lack	NOUN
fbem-4881	93	27	of	of	ADP
fbem-4881	93	28	substantial	substantial	ADJ
fbem-4881	93	29	and	and	CCONJ
fbem-4881	93	30	important	important	ADJ
fbem-4881	93	31	information	information	NOUN
fbem-4881	93	32	.	.	PUNCT
fbem-4881	94	1	due	due	ADP
fbem-4881	94	2	to	to	ADP
fbem-4881	94	3	information	information	NOUN
fbem-4881	94	4	asymmetry	asymmetry	NOUN
fbem-4881	94	5	,	,	PUNCT
fbem-4881	94	6	it	it	PRON
fbem-4881	94	7	is	be	AUX
fbem-4881	94	8	difficult	difficult	ADJ
fbem-4881	94	9	for	for	SCONJ
fbem-4881	94	10	investors	investor	NOUN
fbem-4881	94	11	to	to	PART
fbem-4881	94	12	make	make	VERB
fbem-4881	94	13	effective	effective	ADJ
fbem-4881	94	14	judgments	judgment	NOUN
fbem-4881	94	15	on	on	ADP
fbem-4881	94	16	them	they	PRON
fbem-4881	94	17	.	.	PUNCT
fbem-4881	95	1	the	the	DET
fbem-4881	95	2	sec	sec	PROPN
fbem-4881	95	3	should	should	AUX
fbem-4881	95	4	establish	establish	VERB
fbem-4881	95	5	a	a	DET
fbem-4881	95	6	reasonable	reasonable	ADJ
fbem-4881	95	7	regulatory	regulatory	ADJ
fbem-4881	95	8	framework	framework	NOUN
fbem-4881	95	9	to	to	PART
fbem-4881	95	10	promote	promote	VERB
fbem-4881	95	11	enterprises	enterprise	NOUN
fbem-4881	95	12	to	to	PART
fbem-4881	95	13	pay	pay	VERB
fbem-4881	95	14	attention	attention	NOUN
fbem-4881	95	15	to	to	ADP
fbem-4881	95	16	their	their	PRON
fbem-4881	95	17	social	social	ADJ
fbem-4881	95	18	responsibility	responsibility	NOUN
fbem-4881	95	19	responsibilities	responsibility	NOUN
fbem-4881	95	20	and	and	CCONJ
fbem-4881	95	21	improve	improve	VERB
fbem-4881	95	22	their	their	PRON
fbem-4881	95	23	environmental	environmental	ADJ
fbem-4881	95	24	performance	performance	NOUN
fbem-4881	95	25	.	.	PUNCT
fbem-4881	96	1	(	(	PUNCT
fbem-4881	96	2	3	3	X
fbem-4881	96	3	)	)	PUNCT
fbem-4881	96	4	promote	promote	VERB
fbem-4881	96	5	the	the	DET
fbem-4881	96	6	development	development	NOUN
fbem-4881	96	7	of	of	ADP
fbem-4881	96	8	esg	esg	PROPN
fbem-4881	96	9	responsible	responsible	ADJ
fbem-4881	96	10	investment	investment	NOUN
fbem-4881	96	11	concept	concept	NOUN
fbem-4881	96	12	in	in	ADP
fbem-4881	96	13	china	china	PROPN
fbem-4881	96	14	's	's	PART
fbem-4881	96	15	in	in	ADP
fbem-4881	96	16	-	-	PUNCT
fbem-4881	96	17	depth	depth	NOUN
fbem-4881	96	18	practice	practice	NOUN
fbem-4881	96	19	.	.	PUNCT
fbem-4881	97	1	there	there	PRON
fbem-4881	97	2	have	have	AUX
fbem-4881	97	3	been	be	AUX
fbem-4881	97	4	many	many	ADJ
fbem-4881	97	5	studies	study	NOUN
fbem-4881	97	6	showing	show	VERB
fbem-4881	97	7	that	that	SCONJ
fbem-4881	97	8	good	good	ADJ
fbem-4881	97	9	esg	esg	NOUN
fbem-4881	97	10	performance	performance	NOUN
fbem-4881	97	11	can	can	AUX
fbem-4881	97	12	improve	improve	VERB
fbem-4881	97	13	the	the	DET
fbem-4881	97	14	financial	financial	ADJ
fbem-4881	97	15	performance	performance	NOUN
fbem-4881	97	16	of	of	ADP
fbem-4881	97	17	enterprises	enterprise	NOUN
fbem-4881	97	18	.	.	PUNCT
fbem-4881	98	1	promoting	promote	VERB
fbem-4881	98	2	the	the	DET
fbem-4881	98	3	further	further	ADJ
fbem-4881	98	4	development	development	NOUN
fbem-4881	98	5	and	and	CCONJ
fbem-4881	98	6	practice	practice	NOUN
fbem-4881	98	7	of	of	ADP
fbem-4881	98	8	esg	esg	PROPN
fbem-4881	98	9	responsible	responsible	ADJ
fbem-4881	98	10	investment	investment	NOUN
fbem-4881	98	11	concept	concept	NOUN
fbem-4881	98	12	in	in	ADP
fbem-4881	98	13	china	china	PROPN
fbem-4881	98	14	will	will	AUX
fbem-4881	98	15	not	not	PART
fbem-4881	98	16	only	only	ADV
fbem-4881	98	17	enhance	enhance	VERB
fbem-4881	98	18	the	the	DET
fbem-4881	98	19	value	value	NOUN
fbem-4881	98	20	of	of	ADP
fbem-4881	98	21	enterprises	enterprise	NOUN
fbem-4881	98	22	,	,	PUNCT
fbem-4881	98	23	but	but	CCONJ
fbem-4881	98	24	also	also	ADV
fbem-4881	98	25	have	have	VERB
fbem-4881	98	26	a	a	DET
fbem-4881	98	27	very	very	ADV
fbem-4881	98	28	important	important	ADJ
fbem-4881	98	29	strategic	strategic	ADJ
fbem-4881	98	30	significance	significance	NOUN
fbem-4881	98	31	for	for	ADP
fbem-4881	98	32	the	the	DET
fbem-4881	98	33	transformation	transformation	NOUN
fbem-4881	98	34	of	of	ADP
fbem-4881	98	35	china	china	PROPN
fbem-4881	98	36	's	's	PART
fbem-4881	98	37	high	high	ADJ
fbem-4881	98	38	-	-	PUNCT
fbem-4881	98	39	quality	quality	NOUN
fbem-4881	98	40	economic	economic	ADJ
fbem-4881	98	41	development	development	NOUN
fbem-4881	98	42	and	and	CCONJ
fbem-4881	98	43	the	the	DET
fbem-4881	98	44	achievement	achievement	NOUN
fbem-4881	98	45	of	of	ADP
fbem-4881	98	46	the	the	DET
fbem-4881	98	47	goal	goal	NOUN
fbem-4881	98	48	of	of	ADP
fbem-4881	98	49	carbon	carbon	NOUN
fbem-4881	98	50	neutral	neutral	ADJ
fbem-4881	98	51	and	and	CCONJ
fbem-4881	98	52	carbon	carbon	NOUN
fbem-4881	98	53	peak	peak	NOUN
fbem-4881	98	54	.	.	PUNCT
fbem-4881	99	1	acknowledgment	acknowledgment	PROPN
fbem-4881	99	2	fund	fund	NOUN
fbem-4881	99	3	project	project	NOUN
fbem-4881	99	4	:	:	PUNCT
fbem-4881	99	5	"	"	PUNCT
fbem-4881	99	6	empirical	empirical	ADJ
fbem-4881	99	7	research	research	NOUN
fbem-4881	99	8	on	on	ADP
fbem-4881	99	9	the	the	DET
fbem-4881	99	10	correlation	correlation	NOUN
fbem-4881	99	11	between	between	ADP
fbem-4881	99	12	esg	esg	PROPN
fbem-4881	99	13	investment	investment	NOUN
fbem-4881	99	14	and	and	CCONJ
fbem-4881	99	15	corporate	corporate	ADJ
fbem-4881	99	16	environmental	environmental	ADJ
fbem-4881	99	17	performance	performance	NOUN
fbem-4881	99	18	"	"	PUNCT
fbem-4881	99	19	of	of	ADP
fbem-4881	99	20	the	the	DET
fbem-4881	99	21	2022	2022	NUM
fbem-4881	99	22	jiangxi	jiangxi	PROPN
fbem-4881	99	23	university	university	PROPN
fbem-4881	99	24	student	student	NOUN
fbem-4881	99	25	innovation	innovation	NOUN
fbem-4881	99	26	and	and	CCONJ
fbem-4881	99	27	entrepreneurship	entrepreneurship	NOUN
fbem-4881	99	28	training	training	NOUN
fbem-4881	99	29	program	program	NOUN
fbem-4881	99	30	.	.	PUNCT
fbem-4881	100	1	(	(	PUNCT
fbem-4881	100	2	202210421089	202210421089	NUM
fbem-4881	100	3	)	)	PUNCT
fbem-4881	100	4	.	.	PUNCT
fbem-4881	101	1	references	reference	NOUN
fbem-4881	101	2	[	[	X
fbem-4881	101	3	1	1	NUM
fbem-4881	101	4	]	]	X
fbem-4881	101	5	fang	fang	X
fbem-4881	101	6	xiaojuan	xiaojuan	PROPN
fbem-4881	101	7	.	.	PUNCT
fbem-4881	102	1	research	research	NOUN
fbem-4881	102	2	on	on	ADP
fbem-4881	102	3	the	the	DET
fbem-4881	102	4	level	level	NOUN
fbem-4881	102	5	of	of	ADP
fbem-4881	102	6	environmental	environmental	ADJ
fbem-4881	102	7	information	information	NOUN
fbem-4881	102	8	disclosure	disclosure	NOUN
fbem-4881	102	9	,	,	PUNCT
fbem-4881	102	10	environmental	environmental	ADJ
fbem-4881	102	11	performance	performance	NOUN
fbem-4881	102	12	and	and	CCONJ
fbem-4881	102	13	financial	financial	ADJ
fbem-4881	102	14	performance	performance	NOUN
fbem-4881	102	15	of	of	ADP
fbem-4881	102	16	manufacturing	manufacturing	NOUN
fbem-4881	102	17	listed	list	VERB
fbem-4881	102	18	companies[d	companies[d	NOUN
fbem-4881	102	19	]	]	PUNCT
fbem-4881	102	20	.	.	PUNCT
fbem-4881	103	1	anhui	anhui	PROPN
fbem-4881	103	2	university	university	PROPN
fbem-4881	103	3	,	,	PUNCT
fbem-4881	103	4	2013	2013	NUM
fbem-4881	103	5	.	.	PUNCT
fbem-4881	104	1	[	[	X
fbem-4881	104	2	2	2	NUM
fbem-4881	104	3	]	]	SYM
fbem-4881	104	4	hu	hu	PROPN
fbem-4881	104	5	quying	quye	VERB
fbem-4881	104	6	.	.	PUNCT
fbem-4881	105	1	the	the	DET
fbem-4881	105	2	correlation	correlation	NOUN
fbem-4881	105	3	between	between	ADP
fbem-4881	105	4	environmental	environmental	ADJ
fbem-4881	105	5	performance	performance	NOUN
fbem-4881	105	6	and	and	CCONJ
fbem-4881	105	7	financial	financial	ADJ
fbem-4881	105	8	performance	performance	NOUN
fbem-4881	105	9	of	of	ADP
fbem-4881	105	10	listed	list	VERB
fbem-4881	105	11	companies[j	companies[j	NOUN
fbem-4881	105	12	]	]	PUNCT
fbem-4881	105	13	.	.	PUNCT
fbem-4881	106	1	china	china	PROPN
fbem-4881	106	2	population	population	NOUN
fbem-4881	106	3	-	-	PUNCT
fbem-4881	106	4	resources	resource	NOUN
fbem-4881	106	5	and	and	CCONJ
fbem-4881	106	6	environment	environment	NOUN
fbem-4881	106	7	,	,	PUNCT
fbem-4881	106	8	2012	2012	NUM
fbem-4881	106	9	,	,	PUNCT
fbem-4881	106	10	22(06	22(06	NUM
fbem-4881	106	11	):	):	PUNCT
fbem-4881	106	12	23	23	NUM
fbem-4881	106	13	-	-	SYM
fbem-4881	106	14	32	32	NUM
fbem-4881	106	15	.	.	PUNCT
fbem-4881	107	1	[	[	X
fbem-4881	107	2	3	3	X
fbem-4881	107	3	]	]	SYM
fbem-4881	107	4	hu	hu	PROPN
fbem-4881	107	5	song	song	PROPN
fbem-4881	107	6	.	.	PUNCT
fbem-4881	108	1	overview	overview	NOUN
fbem-4881	108	2	and	and	CCONJ
fbem-4881	108	3	discussion	discussion	NOUN
fbem-4881	108	4	of	of	ADP
fbem-4881	108	5	environmental	environmental	ADJ
fbem-4881	108	6	performance	performance	NOUN
fbem-4881	108	7	evaluation	evaluation	NOUN
fbem-4881	109	1	[	[	X
fbem-4881	109	2	j	j	X
fbem-4881	109	3	]	]	X
fbem-4881	109	4	.	.	PUNCT
fbem-4881	110	1	northern	northern	ADJ
fbem-4881	110	2	economic	economic	ADJ
fbem-4881	110	3	and	and	CCONJ
fbem-4881	110	4	trade	trade	NOUN
fbem-4881	110	5	,	,	PUNCT
fbem-4881	110	6	2006	2006	NUM
fbem-4881	110	7	(	(	PUNCT
fbem-4881	110	8	01	01	NUM
fbem-4881	110	9	):	):	PUNCT
fbem-4881	110	10	45	45	NUM
fbem-4881	110	11	-	-	SYM
fbem-4881	110	12	46	46	NUM
fbem-4881	110	13	.	.	PUNCT
fbem-4881	111	1	[	[	X
fbem-4881	111	2	4	4	X
fbem-4881	111	3	]	]	X
fbem-4881	111	4	li	li	PROPN
fbem-4881	111	5	p	p	PROPN
fbem-4881	111	6	,	,	PUNCT
fbem-4881	111	7	wang	wang	PROPN
fbem-4881	111	8	yq	yq	PROPN
fbem-4881	111	9	.	.	PUNCT
fbem-4881	112	1	a	a	DET
fbem-4881	112	2	study	study	NOUN
fbem-4881	112	3	on	on	ADP
fbem-4881	112	4	the	the	DET
fbem-4881	112	5	relationship	relationship	NOUN
fbem-4881	112	6	between	between	ADP
fbem-4881	112	7	executive	executive	NOUN
fbem-4881	112	8	compensation	compensation	NOUN
fbem-4881	112	9	and	and	CCONJ
fbem-4881	112	10	environmental	environmental	ADJ
fbem-4881	112	11	performance	performance	NOUN
fbem-4881	112	12	of	of	ADP
fbem-4881	112	13	listed	list	VERB
fbem-4881	112	14	companies	company	NOUN
fbem-4881	112	15	in	in	ADP
fbem-4881	112	16	china[j	china[j	PROPN
fbem-4881	112	17	]	]	PUNCT
fbem-4881	112	18	.	.	PUNCT
fbem-4881	113	1	soft	soft	ADJ
fbem-4881	113	2	science,2015,29(09):85	science,2015,29(09):85	NOUN
fbem-4881	113	3	-	-	PUNCT
fbem-4881	113	4	90	90	NUM
fbem-4881	113	5	.	.	PUNCT
fbem-4881	114	1	[	[	X
fbem-4881	114	2	5	5	X
fbem-4881	114	3	]	]	X
fbem-4881	114	4	lv	lv	PROPN
fbem-4881	114	5	jun	jun	PROPN
fbem-4881	114	6	,	,	PUNCT
fbem-4881	114	7	jiao	jiao	PROPN
fbem-4881	114	8	suyan	suyan	PROPN
fbem-4881	114	9	.	.	PUNCT
fbem-4881	115	1	an	an	DET
fbem-4881	115	2	empirical	empirical	ADJ
fbem-4881	115	3	study	study	NOUN
fbem-4881	115	4	on	on	ADP
fbem-4881	115	5	the	the	DET
fbem-4881	115	6	relationship	relationship	NOUN
fbem-4881	115	7	between	between	ADP
fbem-4881	115	8	environmental	environmental	ADJ
fbem-4881	115	9	disclosure	disclosure	NOUN
fbem-4881	115	10	,	,	PUNCT
fbem-4881	115	11	environmental	environmental	ADJ
fbem-4881	115	12	performance	performance	NOUN
fbem-4881	115	13	and	and	CCONJ
fbem-4881	115	14	financial	financial	ADJ
fbem-4881	115	15	performance[j	performance[j	NOUN
fbem-4881	115	16	]	]	PUNCT
fbem-4881	115	17	.	.	PUNCT
fbem-4881	116	1	journal	journal	PROPN
fbem-4881	116	2	of	of	ADP
fbem-4881	116	3	shanxi	shanxi	PROPN
fbem-4881	116	4	university	university	PROPN
fbem-4881	116	5	of	of	ADP
fbem-4881	116	6	finance	finance	NOUN
fbem-4881	116	7	and	and	CCONJ
fbem-4881	116	8	economics,2011,33(01):109	economics,2011,33(01):109	VERB
fbem-4881	116	9	-	-	PUNCT
fbem-4881	116	10	116	116	NUM
fbem-4881	116	11	.	.	PUNCT
fbem-4881	117	1	[	[	X
fbem-4881	117	2	6	6	NUM
fbem-4881	117	3	]	]	PUNCT
fbem-4881	117	4	wang	wang	PROPN
fbem-4881	117	5	b	b	PROPN
fbem-4881	117	6	,	,	PUNCT
fbem-4881	117	7	zhao	zhao	PROPN
fbem-4881	117	8	yp	yp	PROPN
fbem-4881	117	9	.	.	PUNCT
fbem-4881	118	1	an	an	DET
fbem-4881	118	2	empirical	empirical	ADJ
fbem-4881	118	3	study	study	NOUN
fbem-4881	118	4	on	on	ADP
fbem-4881	118	5	the	the	DET
fbem-4881	118	6	correlation	correlation	NOUN
fbem-4881	118	7	between	between	ADP
fbem-4881	118	8	corporate	corporate	ADJ
fbem-4881	118	9	environmental	environmental	ADJ
fbem-4881	118	10	performance	performance	NOUN
fbem-4881	118	11	and	and	CCONJ
fbem-4881	118	12	financial	financial	ADJ
fbem-4881	118	13	performance	performance	NOUN
fbem-4881	118	14	--	--	PUNCT
fbem-4881	118	15	based	base	VERB
fbem-4881	118	16	on	on	ADP
fbem-4881	118	17	panel	panel	NOUN
fbem-4881	118	18	data	datum	NOUN
fbem-4881	118	19	of	of	ADP
fbem-4881	118	20	listed	list	VERB
fbem-4881	118	21	companies	company	NOUN
fbem-4881	118	22	from	from	ADP
fbem-4881	118	23	2006	2006	NUM
fbem-4881	118	24	to	to	ADP
fbem-4881	118	25	2010[j	2010[j	NUM
fbem-4881	118	26	]	]	PUNCT
fbem-4881	118	27	.	.	PUNCT
fbem-4881	119	1	finance	finance	NOUN
fbem-4881	119	2	and	and	CCONJ
fbem-4881	119	3	accounting	accounting	NOUN
fbem-4881	119	4	newsletter	newsletter	NOUN
fbem-4881	119	5	,	,	PUNCT
fbem-4881	119	6	2012	2012	NUM
fbem-4881	119	7	(	(	PUNCT
fbem-4881	119	8	36	36	NUM
fbem-4881	119	9	):	):	PUNCT
fbem-4881	119	10	50	50	NUM
fbem-4881	119	11	-	-	SYM
fbem-4881	119	12	52	52	NUM
fbem-4881	119	13	.	.	PUNCT
fbem-4881	120	1	[	[	X
fbem-4881	120	2	7	7	NUM
fbem-4881	120	3	]	]	SYM
fbem-4881	120	4	yang	yang	PROPN
fbem-4881	120	5	,	,	PUNCT
fbem-4881	120	6	dongyun	dongyun	PROPN
fbem-4881	120	7	,	,	PUNCT
fbem-4881	120	8	xie	xie	PROPN
fbem-4881	120	9	,	,	PUNCT
fbem-4881	120	10	yang	yang	PROPN
fbem-4881	120	11	.	.	PUNCT
fbem-4881	121	1	corporate	corporate	ADJ
fbem-4881	121	2	social	social	ADJ
fbem-4881	121	3	responsibility	responsibility	NOUN
fbem-4881	121	4	,	,	PUNCT
fbem-4881	121	5	green	green	ADJ
fbem-4881	121	6	innovation	innovation	NOUN
fbem-4881	121	7	capability	capability	NOUN
fbem-4881	121	8	and	and	CCONJ
fbem-4881	121	9	corporate	corporate	ADJ
fbem-4881	121	10	environmental	environmental	ADJ
fbem-4881	121	11	performance[j	performance[j	NOUN
fbem-4881	121	12	]	]	PUNCT
fbem-4881	121	13	.	.	PUNCT
fbem-4881	122	1	finance	finance	NOUN
fbem-4881	122	2	and	and	CCONJ
fbem-4881	122	3	accounting	accounting	NOUN
fbem-4881	122	4	newsletter	newsletter	NOUN
fbem-4881	122	5	,	,	PUNCT
fbem-4881	122	6	2019	2019	NUM
fbem-4881	122	7	(	(	PUNCT
fbem-4881	122	8	06	06	NUM
fbem-4881	122	9	):	):	PUNCT
fbem-4881	122	10	100	100	NUM
fbem-4881	122	11	-	-	SYM
fbem-4881	122	12	104	104	NUM
fbem-4881	122	13	.	.	PUNCT
fbem-4881	123	1	[	[	X
fbem-4881	123	2	8	8	NUM
fbem-4881	123	3	]	]	X
fbem-4881	123	4	zhang	zhang	PROPN
fbem-4881	123	5	changjiang	changjiang	PROPN
fbem-4881	123	6	,	,	PUNCT
fbem-4881	123	7	wen	wen	PROPN
fbem-4881	123	8	zuomin	zuomin	PROPN
fbem-4881	123	9	,	,	PUNCT
fbem-4881	123	10	xu	xu	PROPN
fbem-4881	123	11	qing	qing	PROPN
fbem-4881	123	12	.	.	PUNCT
fbem-4881	124	1	an	an	DET
fbem-4881	124	2	empirical	empirical	ADJ
fbem-4881	124	3	study	study	NOUN
fbem-4881	124	4	on	on	ADP
fbem-4881	124	5	the	the	DET
fbem-4881	124	6	interaction	interaction	NOUN
fbem-4881	124	7	between	between	ADP
fbem-4881	124	8	environmental	environmental	ADJ
fbem-4881	124	9	performance	performance	NOUN
fbem-4881	124	10	and	and	CCONJ
fbem-4881	124	11	financial	financial	ADJ
fbem-4881	124	12	performance	performance	NOUN
fbem-4881	124	13	of	of	ADP
fbem-4881	124	14	listed	list	VERB
fbem-4881	124	15	companies	company	NOUN
fbem-4881	124	16	in	in	ADP
fbem-4881	124	17	heavy	heavy	ADJ
fbem-4881	124	18	pollution	pollution	NOUN
fbem-4881	124	19	industries	industry	NOUN
fbem-4881	124	20	[	[	X
fbem-4881	124	21	j	j	X
fbem-4881	124	22	]	]	X
fbem-4881	124	23	.	.	PUNCT
fbem-4881	125	1	ecological	ecological	ADJ
fbem-4881	125	2	economy,2016,32(11):20	economy,2016,32(11):20	PROPN
fbem-4881	125	3	-	-	PUNCT
fbem-4881	125	4	26	26	NUM
fbem-4881	125	5	.	.	PUNCT