id	sid	tid	token	lemma	pos
fbem-505	1	1	frontiers	frontier	NOUN
fbem-505	1	2	in	in	ADP
fbem-505	1	3	business	business	NOUN
fbem-505	1	4	,	,	PUNCT
fbem-505	1	5	economics	economic	NOUN
fbem-505	1	6	and	and	CCONJ
fbem-505	1	7	management	management	NOUN
fbem-505	1	8	issn	issn	PROPN
fbem-505	1	9	:	:	PUNCT
fbem-505	1	10	2766	2766	NUM
fbem-505	1	11	-	-	PUNCT
fbem-505	1	12	824x	824x	NUM
fbem-505	1	13	|	|	ADJ
fbem-505	1	14	vol	vol	NOUN
fbem-505	1	15	.	.	PROPN
fbem-505	2	1	4	4	NUM
fbem-505	2	2	,	,	PUNCT
fbem-505	2	3	no	no	INTJ
fbem-505	2	4	.	.	NOUN
fbem-505	2	5	1	1	NUM
fbem-505	2	6	,	,	PUNCT
fbem-505	2	7	2022	2022	NUM
fbem-505	2	8	68	68	NUM
fbem-505	2	9	can	can	AUX
fbem-505	2	10	network	network	NOUN
fbem-505	2	11	infrastructure	infrastructure	NOUN
fbem-505	2	12	construction	construction	NOUN
fbem-505	2	13	alleviate	alleviate	VERB
fbem-505	2	14	corporate	corporate	ADJ
fbem-505	2	15	financing	financing	NOUN
fbem-505	2	16	constraints	constraint	NOUN
fbem-505	2	17	?	?	PUNCT
fbem-505	3	1	-a	-a	X
fbem-505	3	2	quasi	quasi	ADJ
fbem-505	3	3	-	-	ADJ
fbem-505	3	4	natural	natural	ADJ
fbem-505	3	5	experiment	experiment	NOUN
fbem-505	3	6	based	base	VERB
fbem-505	3	7	on	on	ADP
fbem-505	3	8	"	"	PUNCT
fbem-505	3	9	broadband	broadband	NOUN
fbem-505	3	10	china	china	PROPN
fbem-505	3	11	qiannan	qiannan	PROPN
fbem-505	3	12	pang	pang	PROPN
fbem-505	3	13	school	school	NOUN
fbem-505	3	14	of	of	ADP
fbem-505	3	15	public	public	ADJ
fbem-505	3	16	finance	finance	NOUN
fbem-505	3	17	and	and	CCONJ
fbem-505	3	18	administration	administration	NOUN
fbem-505	3	19	,	,	PUNCT
fbem-505	3	20	anhui	anhui	PROPN
fbem-505	3	21	university	university	PROPN
fbem-505	3	22	of	of	ADP
fbem-505	3	23	finance	finance	NOUN
fbem-505	3	24	and	and	CCONJ
fbem-505	3	25	economics	economic	NOUN
fbem-505	3	26	,	,	PUNCT
fbem-505	3	27	bengbu	bengbu	NOUN
fbem-505	3	28	,	,	PUNCT
fbem-505	3	29	233030	233030	NUM
fbem-505	3	30	,	,	PUNCT
fbem-505	3	31	anhui	anhui	PROPN
fbem-505	3	32	,	,	PUNCT
fbem-505	3	33	china	china	PROPN
fbem-505	3	34	abstract	abstract	NOUN
fbem-505	3	35	:	:	PUNCT
fbem-505	3	36	t	t	X
fbem-505	3	37	the	the	DET
fbem-505	3	38	construction	construction	NOUN
fbem-505	3	39	of	of	ADP
fbem-505	3	40	network	network	NOUN
fbem-505	3	41	infrastructure	infrastructure	NOUN
fbem-505	3	42	is	be	AUX
fbem-505	3	43	conducive	conducive	ADJ
fbem-505	3	44	to	to	ADP
fbem-505	3	45	promoting	promote	VERB
fbem-505	3	46	enterprises	enterprise	NOUN
fbem-505	3	47	to	to	PART
fbem-505	3	48	ease	ease	VERB
fbem-505	3	49	financing	financing	NOUN
fbem-505	3	50	constraints	constraint	NOUN
fbem-505	3	51	,	,	PUNCT
fbem-505	3	52	which	which	PRON
fbem-505	3	53	is	be	AUX
fbem-505	3	54	of	of	ADP
fbem-505	3	55	great	great	ADJ
fbem-505	3	56	practical	practical	ADJ
fbem-505	3	57	significance	significance	NOUN
fbem-505	3	58	for	for	ADP
fbem-505	3	59	optimizing	optimize	VERB
fbem-505	3	60	the	the	DET
fbem-505	3	61	allocation	allocation	NOUN
fbem-505	3	62	efficiency	efficiency	NOUN
fbem-505	3	63	of	of	ADP
fbem-505	3	64	enterprise	enterprise	NOUN
fbem-505	3	65	factors	factor	NOUN
fbem-505	3	66	and	and	CCONJ
fbem-505	3	67	promoting	promote	VERB
fbem-505	3	68	high	high	ADJ
fbem-505	3	69	-	-	PUNCT
fbem-505	3	70	quality	quality	NOUN
fbem-505	3	71	economic	economic	ADJ
fbem-505	3	72	development	development	NOUN
fbem-505	3	73	.	.	PUNCT
fbem-505	4	1	based	base	VERB
fbem-505	4	2	on	on	ADP
fbem-505	4	3	the	the	DET
fbem-505	4	4	perspective	perspective	NOUN
fbem-505	4	5	of	of	ADP
fbem-505	4	6	information	information	NOUN
fbem-505	4	7	asymmetry	asymmetry	NOUN
fbem-505	4	8	,	,	PUNCT
fbem-505	4	9	taking	take	VERB
fbem-505	4	10	the	the	DET
fbem-505	4	11	"	"	PUNCT
fbem-505	4	12	broadband	broadband	NOUN
fbem-505	4	13	china	china	PROPN
fbem-505	4	14	"	"	PUNCT
fbem-505	4	15	pilot	pilot	NOUN
fbem-505	4	16	as	as	ADP
fbem-505	4	17	a	a	DET
fbem-505	4	18	natural	natural	ADJ
fbem-505	4	19	experiment	experiment	NOUN
fbem-505	4	20	,	,	PUNCT
fbem-505	4	21	using	use	VERB
fbem-505	4	22	the	the	DET
fbem-505	4	23	data	datum	NOUN
fbem-505	4	24	of	of	ADP
fbem-505	4	25	chinese	chinese	ADJ
fbem-505	4	26	listed	list	VERB
fbem-505	4	27	companies	company	NOUN
fbem-505	4	28	from	from	ADP
fbem-505	4	29	2009	2009	NUM
fbem-505	4	30	to	to	ADP
fbem-505	4	31	2020	2020	NUM
fbem-505	4	32	,	,	PUNCT
fbem-505	4	33	and	and	CCONJ
fbem-505	4	34	using	use	VERB
fbem-505	4	35	the	the	DET
fbem-505	4	36	multi	multi	ADJ
fbem-505	4	37	-	-	ADJ
fbem-505	4	38	period	period	ADJ
fbem-505	4	39	double	double	ADJ
fbem-505	4	40	difference	difference	NOUN
fbem-505	4	41	method	method	NOUN
fbem-505	4	42	to	to	PART
fbem-505	4	43	empirically	empirically	ADV
fbem-505	4	44	test	test	VERB
fbem-505	4	45	the	the	DET
fbem-505	4	46	impact	impact	NOUN
fbem-505	4	47	of	of	ADP
fbem-505	4	48	network	network	NOUN
fbem-505	4	49	infrastructure	infrastructure	NOUN
fbem-505	4	50	construction	construction	NOUN
fbem-505	4	51	on	on	ADP
fbem-505	4	52	the	the	DET
fbem-505	4	53	constraint	constraint	NOUN
fbem-505	4	54	level	level	NOUN
fbem-505	4	55	of	of	ADP
fbem-505	4	56	enterprise	enterprise	NOUN
fbem-505	4	57	financing	financing	NOUN
fbem-505	4	58	and	and	CCONJ
fbem-505	4	59	verify	verify	VERB
fbem-505	4	60	its	its	PRON
fbem-505	4	61	internal	internal	ADJ
fbem-505	4	62	mechanism	mechanism	NOUN
fbem-505	4	63	.	.	PUNCT
fbem-505	5	1	the	the	DET
fbem-505	5	2	study	study	NOUN
fbem-505	5	3	found	find	VERB
fbem-505	5	4	that	that	SCONJ
fbem-505	5	5	the	the	DET
fbem-505	5	6	construction	construction	NOUN
fbem-505	5	7	of	of	ADP
fbem-505	5	8	network	network	NOUN
fbem-505	5	9	infrastructure	infrastructure	NOUN
fbem-505	5	10	helps	help	VERB
fbem-505	5	11	to	to	PART
fbem-505	5	12	alleviate	alleviate	VERB
fbem-505	5	13	the	the	DET
fbem-505	5	14	financing	financing	NOUN
fbem-505	5	15	constraint	constraint	NOUN
fbem-505	5	16	level	level	NOUN
fbem-505	5	17	of	of	ADP
fbem-505	5	18	enterprises	enterprise	NOUN
fbem-505	5	19	.	.	PUNCT
fbem-505	6	1	heterogeneity	heterogeneity	NOUN
fbem-505	6	2	analysis	analysis	NOUN
fbem-505	6	3	shows	show	VERB
fbem-505	6	4	that	that	SCONJ
fbem-505	6	5	the	the	DET
fbem-505	6	6	policy	policy	NOUN
fbem-505	6	7	significantly	significantly	ADV
fbem-505	6	8	alleviates	alleviate	VERB
fbem-505	6	9	the	the	DET
fbem-505	6	10	financing	financing	NOUN
fbem-505	6	11	constraints	constraint	NOUN
fbem-505	6	12	of	of	ADP
fbem-505	6	13	large	large	ADJ
fbem-505	6	14	-	-	PUNCT
fbem-505	6	15	scale	scale	NOUN
fbem-505	6	16	enterprises	enterprise	NOUN
fbem-505	6	17	,	,	PUNCT
fbem-505	6	18	but	but	CCONJ
fbem-505	6	19	the	the	DET
fbem-505	6	20	impact	impact	NOUN
fbem-505	6	21	on	on	ADP
fbem-505	6	22	small	small	ADJ
fbem-505	6	23	and	and	CCONJ
fbem-505	6	24	medium	medium	ADJ
fbem-505	6	25	-	-	PUNCT
fbem-505	6	26	sized	sized	ADJ
fbem-505	6	27	enterprises	enterprise	NOUN
fbem-505	6	28	is	be	AUX
fbem-505	6	29	not	not	PART
fbem-505	6	30	significant	significant	ADJ
fbem-505	6	31	.	.	PUNCT
fbem-505	7	1	the	the	DET
fbem-505	7	2	conclusions	conclusion	NOUN
fbem-505	7	3	of	of	ADP
fbem-505	7	4	this	this	DET
fbem-505	7	5	paper	paper	NOUN
fbem-505	7	6	not	not	PART
fbem-505	7	7	only	only	ADV
fbem-505	7	8	broaden	broaden	VERB
fbem-505	7	9	the	the	DET
fbem-505	7	10	perspective	perspective	NOUN
fbem-505	7	11	of	of	ADP
fbem-505	7	12	"	"	PUNCT
fbem-505	7	13	new	new	ADJ
fbem-505	7	14	infrastructure	infrastructure	NOUN
fbem-505	7	15	"	"	PUNCT
fbem-505	7	16	research	research	NOUN
fbem-505	7	17	,	,	PUNCT
fbem-505	7	18	but	but	CCONJ
fbem-505	7	19	also	also	ADV
fbem-505	7	20	provide	provide	VERB
fbem-505	7	21	reliable	reliable	ADJ
fbem-505	7	22	empirical	empirical	ADJ
fbem-505	7	23	evidence	evidence	NOUN
fbem-505	7	24	and	and	CCONJ
fbem-505	7	25	policy	policy	NOUN
fbem-505	7	26	implications	implication	NOUN
fbem-505	7	27	for	for	ADP
fbem-505	7	28	the	the	DET
fbem-505	7	29	impact	impact	NOUN
fbem-505	7	30	of	of	ADP
fbem-505	7	31	network	network	NOUN
fbem-505	7	32	infrastructure	infrastructure	NOUN
fbem-505	7	33	construction	construction	NOUN
fbem-505	7	34	on	on	ADP
fbem-505	7	35	micro	micro	ADJ
fbem-505	7	36	-	-	NOUN
fbem-505	7	37	enterprise	enterprise	ADJ
fbem-505	7	38	behavior	behavior	NOUN
fbem-505	7	39	.	.	PUNCT
fbem-505	8	1	keywords	keyword	NOUN
fbem-505	8	2	:	:	PUNCT
fbem-505	8	3	network	network	NOUN
fbem-505	8	4	infrastructure	infrastructure	NOUN
fbem-505	8	5	construction	construction	NOUN
fbem-505	8	6	,	,	PUNCT
fbem-505	8	7	financing	financing	NOUN
fbem-505	8	8	constraints	constraint	NOUN
fbem-505	8	9	.	.	PUNCT
fbem-505	9	1	1	1	X
fbem-505	9	2	.	.	X
fbem-505	9	3	introduction	introduction	NOUN
fbem-505	9	4	in	in	ADP
fbem-505	9	5	2020	2020	NUM
fbem-505	9	6	,	,	PUNCT
fbem-505	9	7	the	the	DET
fbem-505	9	8	state	state	PROPN
fbem-505	9	9	council	council	PROPN
fbem-505	9	10	issued	issue	VERB
fbem-505	9	11	the	the	DET
fbem-505	9	12	"	"	PUNCT
fbem-505	9	13	guiding	guide	VERB
fbem-505	9	14	opinions	opinion	NOUN
fbem-505	9	15	on	on	ADP
fbem-505	9	16	accelerating	accelerate	VERB
fbem-505	9	17	the	the	DET
fbem-505	9	18	construction	construction	NOUN
fbem-505	9	19	of	of	ADP
fbem-505	9	20	a	a	DET
fbem-505	9	21	modern	modern	ADJ
fbem-505	9	22	industrial	industrial	ADJ
fbem-505	9	23	system	system	NOUN
fbem-505	9	24	"	"	PUNCT
fbem-505	9	25	,	,	PUNCT
fbem-505	9	26	which	which	PRON
fbem-505	9	27	pointed	point	VERB
fbem-505	9	28	out	out	ADP
fbem-505	9	29	that	that	SCONJ
fbem-505	9	30	it	it	PRON
fbem-505	9	31	is	be	AUX
fbem-505	9	32	necessary	necessary	ADJ
fbem-505	9	33	to	to	PART
fbem-505	9	34	promote	promote	VERB
fbem-505	9	35	the	the	DET
fbem-505	9	36	deep	deep	ADJ
fbem-505	9	37	integration	integration	NOUN
fbem-505	9	38	of	of	ADP
fbem-505	9	39	china	china	PROPN
fbem-505	9	40	's	's	PART
fbem-505	9	41	new	new	ADJ
fbem-505	9	42	information	information	NOUN
fbem-505	9	43	construction	construction	NOUN
fbem-505	9	44	and	and	CCONJ
fbem-505	9	45	manufacturing	manufacturing	NOUN
fbem-505	9	46	industry	industry	NOUN
fbem-505	9	47	,	,	PUNCT
fbem-505	9	48	which	which	PRON
fbem-505	9	49	is	be	AUX
fbem-505	9	50	another	another	DET
fbem-505	9	51	major	major	ADJ
fbem-505	9	52	strategic	strategic	ADJ
fbem-505	9	53	deployment	deployment	NOUN
fbem-505	9	54	formulated	formulate	VERB
fbem-505	9	55	for	for	ADP
fbem-505	9	56	the	the	DET
fbem-505	9	57	final	final	ADJ
fbem-505	9	58	year	year	NOUN
fbem-505	9	59	of	of	ADP
fbem-505	9	60	the	the	DET
fbem-505	9	61	"	"	PUNCT
fbem-505	9	62	13th	13th	NOUN
fbem-505	9	63	fiveyear	fiveyear	NOUN
fbem-505	9	64	plan	plan	NOUN
fbem-505	9	65	"	"	PUNCT
fbem-505	9	66	.	.	PUNCT
fbem-505	10	1	the	the	DET
fbem-505	10	2	14th	14th	ADJ
fbem-505	10	3	five	five	NUM
fbem-505	10	4	-	-	PUNCT
fbem-505	10	5	year	year	NOUN
fbem-505	10	6	plan	plan	NOUN
fbem-505	10	7	also	also	ADV
fbem-505	10	8	clearly	clearly	ADV
fbem-505	10	9	proposes	propose	VERB
fbem-505	10	10	to	to	PART
fbem-505	10	11	comprehensively	comprehensively	ADV
fbem-505	10	12	develop	develop	VERB
fbem-505	10	13	new	new	ADJ
fbem-505	10	14	infrastructure	infrastructure	NOUN
fbem-505	10	15	and	and	CCONJ
fbem-505	10	16	promote	promote	VERB
fbem-505	10	17	the	the	DET
fbem-505	10	18	development	development	NOUN
fbem-505	10	19	of	of	ADP
fbem-505	10	20	fifth	fifth	ADJ
fbem-505	10	21	-	-	PUNCT
fbem-505	10	22	generation	generation	NOUN
fbem-505	10	23	mobile	mobile	ADJ
fbem-505	10	24	networks	network	NOUN
fbem-505	10	25	,	,	PUNCT
fbem-505	10	26	industrial	industrial	ADJ
fbem-505	10	27	networks	network	NOUN
fbem-505	10	28	,	,	PUNCT
fbem-505	10	29	and	and	CCONJ
fbem-505	10	30	big	big	ADJ
fbem-505	10	31	data	datum	NOUN
fbem-505	10	32	centers	center	NOUN
fbem-505	10	33	.	.	PUNCT
fbem-505	11	1	therefore	therefore	ADV
fbem-505	11	2	,	,	PUNCT
fbem-505	11	3	continuing	continue	VERB
fbem-505	11	4	to	to	PART
fbem-505	11	5	promote	promote	VERB
fbem-505	11	6	the	the	DET
fbem-505	11	7	construction	construction	NOUN
fbem-505	11	8	of	of	ADP
fbem-505	11	9	information	information	NOUN
fbem-505	11	10	network	network	NOUN
fbem-505	11	11	infrastructure	infrastructure	NOUN
fbem-505	11	12	and	and	CCONJ
fbem-505	11	13	building	build	VERB
fbem-505	11	14	a	a	DET
fbem-505	11	15	network	network	NOUN
fbem-505	11	16	power	power	NOUN
fbem-505	11	17	and	and	CCONJ
fbem-505	11	18	a	a	DET
fbem-505	11	19	digital	digital	ADJ
fbem-505	11	20	power	power	NOUN
fbem-505	11	21	strategy	strategy	NOUN
fbem-505	11	22	have	have	AUX
fbem-505	11	23	become	become	VERB
fbem-505	11	24	an	an	DET
fbem-505	11	25	important	important	ADJ
fbem-505	11	26	choice	choice	NOUN
fbem-505	11	27	to	to	PART
fbem-505	11	28	promote	promote	VERB
fbem-505	11	29	china	china	PROPN
fbem-505	11	30	's	's	PART
fbem-505	11	31	long	long	ADJ
fbem-505	11	32	-	-	PUNCT
fbem-505	11	33	term	term	NOUN
fbem-505	11	34	goals	goal	NOUN
fbem-505	11	35	of	of	ADP
fbem-505	11	36	socialist	socialist	ADJ
fbem-505	11	37	modernization	modernization	NOUN
fbem-505	11	38	in	in	ADP
fbem-505	11	39	the	the	DET
fbem-505	11	40	"	"	PUNCT
fbem-505	11	41	13th	13th	ADJ
fbem-505	11	42	five	five	NUM
fbem-505	11	43	-	-	PUNCT
fbem-505	11	44	year	year	NOUN
fbem-505	11	45	plan	plan	NOUN
fbem-505	11	46	"	"	PUNCT
fbem-505	11	47	and	and	CCONJ
fbem-505	11	48	"	"	PUNCT
fbem-505	11	49	14th	14th	ADJ
fbem-505	11	50	five	five	NUM
fbem-505	11	51	-	-	PUNCT
fbem-505	11	52	year	year	NOUN
fbem-505	11	53	plan	plan	NOUN
fbem-505	11	54	"	"	PUNCT
fbem-505	11	55	.	.	PUNCT
fbem-505	12	1	enterprises	enterprise	NOUN
fbem-505	12	2	are	be	AUX
fbem-505	12	3	often	often	ADV
fbem-505	12	4	subject	subject	ADJ
fbem-505	12	5	to	to	ADP
fbem-505	12	6	financing	financing	NOUN
fbem-505	12	7	constraints	constraint	NOUN
fbem-505	12	8	in	in	ADP
fbem-505	12	9	the	the	DET
fbem-505	12	10	process	process	NOUN
fbem-505	12	11	of	of	ADP
fbem-505	12	12	transformation	transformation	NOUN
fbem-505	12	13	and	and	CCONJ
fbem-505	12	14	upgrading	upgrading	NOUN
fbem-505	12	15	.	.	PUNCT
fbem-505	13	1	in	in	ADP
fbem-505	13	2	2014	2014	NUM
fbem-505	13	3	,	,	PUNCT
fbem-505	13	4	the	the	DET
fbem-505	13	5	general	general	ADJ
fbem-505	13	6	office	office	NOUN
fbem-505	13	7	of	of	ADP
fbem-505	13	8	the	the	DET
fbem-505	13	9	state	state	PROPN
fbem-505	13	10	council	council	PROPN
fbem-505	13	11	issued	issue	VERB
fbem-505	13	12	the	the	DET
fbem-505	13	13	"	"	PUNCT
fbem-505	13	14	guiding	guide	VERB
fbem-505	13	15	opinions	opinion	NOUN
fbem-505	13	16	on	on	ADP
fbem-505	13	17	multiple	multiple	ADJ
fbem-505	13	18	measures	measure	NOUN
fbem-505	13	19	and	and	CCONJ
fbem-505	13	20	efforts	effort	NOUN
fbem-505	13	21	to	to	PART
fbem-505	13	22	alleviate	alleviate	VERB
fbem-505	13	23	the	the	DET
fbem-505	13	24	high	high	ADJ
fbem-505	13	25	financing	financing	NOUN
fbem-505	13	26	costs	cost	NOUN
fbem-505	13	27	of	of	ADP
fbem-505	13	28	enterprises	enterprise	NOUN
fbem-505	13	29	"	"	PUNCT
fbem-505	13	30	in	in	ADP
fbem-505	13	31	an	an	DET
fbem-505	13	32	attempt	attempt	NOUN
fbem-505	13	33	to	to	PART
fbem-505	13	34	alleviate	alleviate	VERB
fbem-505	13	35	the	the	DET
fbem-505	13	36	problem	problem	NOUN
fbem-505	13	37	of	of	ADP
fbem-505	13	38	expensive	expensive	ADJ
fbem-505	13	39	and	and	CCONJ
fbem-505	13	40	difficult	difficult	ADJ
fbem-505	13	41	financing	financing	NOUN
fbem-505	13	42	for	for	ADP
fbem-505	13	43	enterprises	enterprise	NOUN
fbem-505	13	44	,	,	PUNCT
fbem-505	13	45	and	and	CCONJ
fbem-505	13	46	in	in	ADP
fbem-505	13	47	2021	2021	NUM
fbem-505	13	48	,	,	PUNCT
fbem-505	13	49	it	it	PRON
fbem-505	13	50	once	once	ADV
fbem-505	13	51	again	again	ADV
fbem-505	13	52	issued	issue	VERB
fbem-505	13	53	the	the	DET
fbem-505	13	54	"	"	PUNCT
fbem-505	13	55	several	several	ADJ
fbem-505	13	56	measures	measure	NOUN
fbem-505	13	57	to	to	PART
fbem-505	13	58	enhance	enhance	VERB
fbem-505	13	59	the	the	DET
fbem-505	13	60	competitiveness	competitiveness	NOUN
fbem-505	13	61	of	of	ADP
fbem-505	13	62	small	small	ADJ
fbem-505	13	63	and	and	CCONJ
fbem-505	13	64	medium	medium	ADJ
fbem-505	13	65	-	-	PUNCT
fbem-505	13	66	sized	sized	ADJ
fbem-505	13	67	enterprises	enterprise	NOUN
fbem-505	13	68	"	"	PUNCT
fbem-505	13	69	to	to	PART
fbem-505	13	70	strengthen	strengthen	VERB
fbem-505	13	71	direct	direct	ADJ
fbem-505	13	72	financing	financing	NOUN
fbem-505	13	73	support	support	NOUN
fbem-505	13	74	for	for	ADP
fbem-505	13	75	enterprises	enterprise	NOUN
fbem-505	13	76	.	.	PUNCT
fbem-505	14	1	the	the	DET
fbem-505	14	2	reason	reason	NOUN
fbem-505	14	3	is	be	AUX
fbem-505	14	4	that	that	SCONJ
fbem-505	14	5	the	the	DET
fbem-505	14	6	credit	credit	NOUN
fbem-505	14	7	risk	risk	NOUN
fbem-505	14	8	caused	cause	VERB
fbem-505	14	9	by	by	ADP
fbem-505	14	10	the	the	DET
fbem-505	14	11	information	information	NOUN
fbem-505	14	12	asymmetry	asymmetry	NOUN
fbem-505	14	13	between	between	ADP
fbem-505	14	14	the	the	DET
fbem-505	14	15	two	two	NUM
fbem-505	14	16	sides	side	NOUN
fbem-505	14	17	of	of	ADP
fbem-505	14	18	the	the	DET
fbem-505	14	19	financing	financing	NOUN
fbem-505	14	20	is	be	AUX
fbem-505	14	21	an	an	DET
fbem-505	14	22	important	important	ADJ
fbem-505	14	23	reason	reason	NOUN
fbem-505	14	24	for	for	ADP
fbem-505	14	25	the	the	DET
fbem-505	14	26	difficulty	difficulty	NOUN
fbem-505	14	27	of	of	ADP
fbem-505	14	28	financing	financing	NOUN
fbem-505	14	29	enterprises	enterprise	NOUN
fbem-505	14	30	,	,	PUNCT
fbem-505	14	31	and	and	CCONJ
fbem-505	14	32	it	it	PRON
fbem-505	14	33	is	be	AUX
fbem-505	14	34	also	also	ADV
fbem-505	14	35	the	the	DET
fbem-505	14	36	core	core	NOUN
fbem-505	14	37	problem	problem	NOUN
fbem-505	14	38	restricting	restrict	VERB
fbem-505	14	39	the	the	DET
fbem-505	14	40	development	development	NOUN
fbem-505	14	41	of	of	ADP
fbem-505	14	42	enterprises	enterprise	NOUN
fbem-505	14	43	.	.	PUNCT
fbem-505	15	1	many	many	ADJ
fbem-505	15	2	scholars	scholar	NOUN
fbem-505	15	3	have	have	AUX
fbem-505	15	4	confirmed	confirm	VERB
fbem-505	15	5	that	that	SCONJ
fbem-505	15	6	reducing	reduce	VERB
fbem-505	15	7	the	the	DET
fbem-505	15	8	information	information	NOUN
fbem-505	15	9	asymmetry	asymmetry	NOUN
fbem-505	15	10	between	between	ADP
fbem-505	15	11	the	the	DET
fbem-505	15	12	two	two	NUM
fbem-505	15	13	parties	party	NOUN
fbem-505	15	14	to	to	ADP
fbem-505	15	15	the	the	DET
fbem-505	15	16	financing	financing	NOUN
fbem-505	15	17	can	can	AUX
fbem-505	15	18	greatly	greatly	ADV
fbem-505	15	19	reduce	reduce	VERB
fbem-505	15	20	the	the	DET
fbem-505	15	21	financing	financing	NOUN
fbem-505	15	22	burden	burden	NOUN
fbem-505	15	23	of	of	ADP
fbem-505	15	24	enterprises	enterprise	NOUN
fbem-505	15	25	(	(	PUNCT
fbem-505	15	26	opler	opler	NOUN
fbem-505	15	27	et	et	PROPN
fbem-505	15	28	al	al	PROPN
fbem-505	15	29	.	.	PUNCT
fbem-505	16	1	[	[	X
fbem-505	16	2	1	1	NUM
fbem-505	16	3	]	]	PUNCT
fbem-505	16	4	,	,	PUNCT
fbem-505	16	5	1999	1999	NUM
fbem-505	16	6	;	;	PUNCT
fbem-505	16	7	faulkender	faulkender	NOUN
fbem-505	16	8	&	&	CCONJ
fbem-505	16	9	wang[2	wang[2	PROPN
fbem-505	16	10	]	]	PUNCT
fbem-505	16	11	,	,	PUNCT
fbem-505	16	12	2006	2006	NUM
fbem-505	16	13	)	)	PUNCT
fbem-505	16	14	.	.	PUNCT
fbem-505	17	1	network	network	NOUN
fbem-505	17	2	infrastructure	infrastructure	NOUN
fbem-505	17	3	construction	construction	NOUN
fbem-505	17	4	can	can	AUX
fbem-505	17	5	improve	improve	VERB
fbem-505	17	6	the	the	DET
fbem-505	17	7	information	information	NOUN
fbem-505	17	8	asymmetry	asymmetry	NOUN
fbem-505	17	9	situation	situation	NOUN
fbem-505	17	10	by	by	ADP
fbem-505	17	11	broadening	broaden	VERB
fbem-505	17	12	the	the	DET
fbem-505	17	13	communication	communication	NOUN
fbem-505	17	14	platform	platform	NOUN
fbem-505	17	15	and	and	CCONJ
fbem-505	17	16	improving	improve	VERB
fbem-505	17	17	the	the	DET
fbem-505	17	18	dissemination	dissemination	NOUN
fbem-505	17	19	of	of	ADP
fbem-505	17	20	information	information	NOUN
fbem-505	17	21	,	,	PUNCT
fbem-505	17	22	so	so	SCONJ
fbem-505	17	23	as	as	SCONJ
fbem-505	17	24	to	to	PART
fbem-505	17	25	alleviate	alleviate	VERB
fbem-505	17	26	the	the	DET
fbem-505	17	27	financing	financing	NOUN
fbem-505	17	28	constraints	constraint	NOUN
fbem-505	17	29	of	of	ADP
fbem-505	17	30	enterprises	enterprise	NOUN
fbem-505	17	31	to	to	ADP
fbem-505	17	32	a	a	DET
fbem-505	17	33	certain	certain	ADJ
fbem-505	17	34	extent	extent	NOUN
fbem-505	17	35	.	.	PUNCT
fbem-505	18	1	in	in	ADP
fbem-505	18	2	china	china	PROPN
fbem-505	18	3	's	's	PART
fbem-505	18	4	economy	economy	NOUN
fbem-505	18	5	into	into	ADP
fbem-505	18	6	a	a	DET
fbem-505	18	7	stage	stage	NOUN
fbem-505	18	8	of	of	ADP
fbem-505	18	9	high	high	ADJ
fbem-505	18	10	-	-	PUNCT
fbem-505	18	11	quality	quality	NOUN
fbem-505	18	12	development	development	NOUN
fbem-505	18	13	,	,	PUNCT
fbem-505	18	14	new	new	ADJ
fbem-505	18	15	infrastructure	infrastructure	NOUN
fbem-505	18	16	will	will	AUX
fbem-505	18	17	surely	surely	ADV
fbem-505	18	18	become	become	VERB
fbem-505	18	19	an	an	DET
fbem-505	18	20	important	important	ADJ
fbem-505	18	21	starting	starting	NOUN
fbem-505	18	22	point	point	NOUN
fbem-505	18	23	for	for	ADP
fbem-505	18	24	promoting	promote	VERB
fbem-505	18	25	the	the	DET
fbem-505	18	26	transformation	transformation	NOUN
fbem-505	18	27	and	and	CCONJ
fbem-505	18	28	upgrading	upgrading	NOUN
fbem-505	18	29	of	of	ADP
fbem-505	18	30	china	china	PROPN
fbem-505	18	31	's	's	PART
fbem-505	18	32	real	real	ADJ
fbem-505	18	33	economy	economy	NOUN
fbem-505	18	34	in	in	ADP
fbem-505	18	35	the	the	DET
fbem-505	18	36	future	future	NOUN
fbem-505	18	37	.	.	PUNCT
fbem-505	19	1	the	the	DET
fbem-505	19	2	implementation	implementation	NOUN
fbem-505	19	3	of	of	ADP
fbem-505	19	4	network	network	NOUN
fbem-505	19	5	infrastructure	infrastructure	NOUN
fbem-505	19	6	will	will	AUX
fbem-505	19	7	bring	bring	VERB
fbem-505	19	8	unprecedented	unprecedented	ADJ
fbem-505	19	9	development	development	NOUN
fbem-505	19	10	opportunities	opportunity	NOUN
fbem-505	19	11	to	to	ADP
fbem-505	19	12	corporate	corporate	ADJ
fbem-505	19	13	financing	financing	NOUN
fbem-505	19	14	.	.	PUNCT
fbem-505	20	1	before	before	ADP
fbem-505	20	2	2013	2013	NUM
fbem-505	20	3	,	,	PUNCT
fbem-505	20	4	china	china	PROPN
fbem-505	20	5	's	's	PART
fbem-505	20	6	network	network	NOUN
fbem-505	20	7	infrastructure	infrastructure	NOUN
fbem-505	20	8	was	be	AUX
fbem-505	20	9	slow	slow	ADJ
fbem-505	20	10	,	,	PUNCT
fbem-505	20	11	slow	slow	ADJ
fbem-505	20	12	,	,	PUNCT
fbem-505	20	13	and	and	CCONJ
fbem-505	20	14	costly	costly	ADJ
fbem-505	20	15	.	.	PUNCT
fbem-505	21	1	e	e	X
fbem-505	21	2	-	-	NOUN
fbem-505	21	3	commerce	commerce	NOUN
fbem-505	21	4	retail	retail	ADJ
fbem-505	21	5	sales	sale	NOUN
fbem-505	21	6	account	account	VERB
fbem-505	21	7	for	for	ADP
fbem-505	21	8	only	only	ADV
fbem-505	21	9	onetenth	onetenth	ADJ
fbem-505	21	10	of	of	ADP
fbem-505	21	11	the	the	DET
fbem-505	21	12	total	total	ADJ
fbem-505	21	13	social	social	ADJ
fbem-505	21	14	,	,	PUNCT
fbem-505	21	15	regional	regional	ADJ
fbem-505	21	16	and	and	CCONJ
fbem-505	21	17	rural	rural	ADJ
fbem-505	21	18	broadband	broadband	NOUN
fbem-505	21	19	retail	retail	ADJ
fbem-505	21	20	sales	sale	NOUN
fbem-505	21	21	,	,	PUNCT
fbem-505	21	22	and	and	CCONJ
fbem-505	21	23	the	the	DET
fbem-505	21	24	development	development	NOUN
fbem-505	21	25	is	be	AUX
fbem-505	21	26	extremely	extremely	ADV
fbem-505	21	27	uneven	uneven	ADJ
fbem-505	21	28	(	(	PUNCT
fbem-505	21	29	cao	cao	PROPN
fbem-505	21	30	jiguang	jiguang	PROPN
fbem-505	21	31	,	,	PUNCT
fbem-505	21	32	zhang	zhang	PROPN
fbem-505	21	33	jian[3	jian[3	PROPN
fbem-505	21	34	]	]	X
fbem-505	21	35	,	,	PUNCT
fbem-505	21	36	2011	2011	NUM
fbem-505	21	37	)	)	PUNCT
fbem-505	21	38	.	.	PUNCT
fbem-505	22	1	to	to	ADP
fbem-505	22	2	this	this	DET
fbem-505	22	3	end	end	NOUN
fbem-505	22	4	,	,	PUNCT
fbem-505	22	5	this	this	DET
fbem-505	22	6	paper	paper	NOUN
fbem-505	22	7	takes	take	VERB
fbem-505	22	8	the	the	DET
fbem-505	22	9	"	"	PUNCT
fbem-505	22	10	broadband	broadband	NOUN
fbem-505	22	11	china	china	PROPN
fbem-505	22	12	"	"	PUNCT
fbem-505	22	13	pilot	pilot	NOUN
fbem-505	22	14	as	as	ADP
fbem-505	22	15	a	a	DET
fbem-505	22	16	natural	natural	ADJ
fbem-505	22	17	experiment	experiment	NOUN
fbem-505	22	18	,	,	PUNCT
fbem-505	22	19	uses	use	VERB
fbem-505	22	20	the	the	DET
fbem-505	22	21	multi	multi	ADJ
fbem-505	22	22	-	-	ADJ
fbem-505	22	23	phase	phase	ADJ
fbem-505	22	24	dual	dual	ADJ
fbem-505	22	25	difference	difference	NOUN
fbem-505	22	26	method	method	NOUN
fbem-505	22	27	to	to	PART
fbem-505	22	28	empirically	empirically	ADV
fbem-505	22	29	study	study	VERB
fbem-505	22	30	the	the	DET
fbem-505	22	31	impact	impact	NOUN
fbem-505	22	32	of	of	ADP
fbem-505	22	33	network	network	NOUN
fbem-505	22	34	infrastructure	infrastructure	NOUN
fbem-505	22	35	construction	construction	NOUN
fbem-505	22	36	on	on	ADP
fbem-505	22	37	enterprise	enterprise	NOUN
fbem-505	22	38	financing	financing	NOUN
fbem-505	22	39	constraints	constraint	NOUN
fbem-505	22	40	,	,	PUNCT
fbem-505	22	41	and	and	CCONJ
fbem-505	22	42	further	far	ADV
fbem-505	22	43	reveals	reveal	VERB
fbem-505	22	44	the	the	DET
fbem-505	22	45	role	role	NOUN
fbem-505	22	46	and	and	CCONJ
fbem-505	22	47	effect	effect	NOUN
fbem-505	22	48	of	of	ADP
fbem-505	22	49	5g	5g	NUM
fbem-505	22	50	-	-	PUNCT
fbem-505	22	51	based	base	VERB
fbem-505	22	52	new	new	ADJ
fbem-505	22	53	infrastructure	infrastructure	NOUN
fbem-505	22	54	construction	construction	NOUN
fbem-505	22	55	on	on	ADP
fbem-505	22	56	the	the	DET
fbem-505	22	57	information	information	NOUN
fbem-505	22	58	exchange	exchange	NOUN
fbem-505	22	59	between	between	ADP
fbem-505	22	60	financing	finance	VERB
fbem-505	22	61	parties	party	NOUN
fbem-505	22	62	and	and	CCONJ
fbem-505	22	63	effectively	effectively	ADV
fbem-505	22	64	alleviating	alleviate	VERB
fbem-505	22	65	financing	financing	NOUN
fbem-505	22	66	constraints	constraint	NOUN
fbem-505	22	67	.	.	PUNCT
fbem-505	23	1	2	2	X
fbem-505	23	2	.	.	X
fbem-505	23	3	literature	literature	NOUN
fbem-505	23	4	review	review	PROPN
fbem-505	23	5	and	and	CCONJ
fbem-505	23	6	theoretical	theoretical	ADJ
fbem-505	23	7	mechanism	mechanism	NOUN
fbem-505	23	8	information	information	NOUN
fbem-505	23	9	asymmetry	asymmetry	NOUN
fbem-505	23	10	and	and	CCONJ
fbem-505	23	11	a	a	DET
fbem-505	23	12	high	high	ADJ
fbem-505	23	13	risk	risk	NOUN
fbem-505	23	14	of	of	ADP
fbem-505	23	15	debt	debt	NOUN
fbem-505	23	16	default	default	NOUN
fbem-505	23	17	are	be	AUX
fbem-505	23	18	key	key	ADJ
fbem-505	23	19	factors	factor	NOUN
fbem-505	23	20	in	in	ADP
fbem-505	23	21	the	the	DET
fbem-505	23	22	financing	financing	NOUN
fbem-505	23	23	constraints	constraint	NOUN
fbem-505	23	24	of	of	ADP
fbem-505	23	25	enterprises	enterprise	NOUN
fbem-505	23	26	(	(	PUNCT
fbem-505	23	27	fuente	fuente	NOUN
fbem-505	23	28	&	&	CCONJ
fbem-505	23	29	marin[4	marin[4	PROPN
fbem-505	23	30	]	]	PUNCT
fbem-505	23	31	,	,	PUNCT
fbem-505	23	32	1995	1995	NUM
fbem-505	23	33	)	)	PUNCT
fbem-505	23	34	.	.	PUNCT
fbem-505	24	1	specifically	specifically	ADV
fbem-505	24	2	,	,	PUNCT
fbem-505	24	3	financial	financial	ADJ
fbem-505	24	4	institutions	institution	NOUN
fbem-505	24	5	are	be	AUX
fbem-505	24	6	only	only	ADV
fbem-505	24	7	willing	willing	ADJ
fbem-505	24	8	to	to	PART
fbem-505	24	9	provide	provide	VERB
fbem-505	24	10	loan	loan	NOUN
fbem-505	24	11	guarantees	guarantee	NOUN
fbem-505	24	12	for	for	ADP
fbem-505	24	13	enterprises	enterprise	NOUN
fbem-505	24	14	when	when	SCONJ
fbem-505	24	15	they	they	PRON
fbem-505	24	16	can	can	AUX
fbem-505	24	17	not	not	PART
fbem-505	24	18	fully	fully	ADV
fbem-505	24	19	grasp	grasp	VERB
fbem-505	24	20	the	the	DET
fbem-505	24	21	financial	financial	ADJ
fbem-505	24	22	and	and	CCONJ
fbem-505	24	23	credit	credit	NOUN
fbem-505	24	24	status	status	NOUN
fbem-505	24	25	of	of	ADP
fbem-505	24	26	the	the	DET
fbem-505	24	27	lending	lending	NOUN
fbem-505	24	28	enterprises	enterprise	NOUN
fbem-505	24	29	,	,	PUNCT
fbem-505	24	30	but	but	CCONJ
fbem-505	24	31	many	many	ADJ
fbem-505	24	32	companies	company	NOUN
fbem-505	24	33	have	have	VERB
fbem-505	24	34	difficulty	difficulty	NOUN
fbem-505	24	35	obtaining	obtain	VERB
fbem-505	24	36	bank	bank	NOUN
fbem-505	24	37	loans	loan	NOUN
fbem-505	24	38	because	because	SCONJ
fbem-505	24	39	they	they	PRON
fbem-505	24	40	have	have	VERB
fbem-505	24	41	fewer	few	ADJ
fbem-505	24	42	assets	asset	NOUN
fbem-505	24	43	available	available	ADJ
fbem-505	24	44	for	for	ADP
fbem-505	24	45	guarantee	guarantee	NOUN
fbem-505	24	46	(	(	PUNCT
fbem-505	24	47	liang	liang	PROPN
fbem-505	24	48	qi	qi	PROPN
fbem-505	24	49	,	,	PUNCT
fbem-505	24	50	lin	lin	PROPN
fbem-505	24	51	aijie	aijie	PROPN
fbem-505	25	1	[	[	X
fbem-505	25	2	5	5	NUM
fbem-505	25	3	]	]	PUNCT
fbem-505	25	4	,	,	PUNCT
fbem-505	25	5	2020	2020	NUM
fbem-505	25	6	)	)	PUNCT
fbem-505	25	7	.	.	PUNCT
fbem-505	26	1	in	in	ADP
fbem-505	26	2	recent	recent	ADJ
fbem-505	26	3	years	year	NOUN
fbem-505	26	4	,	,	PUNCT
fbem-505	26	5	the	the	DET
fbem-505	26	6	development	development	NOUN
fbem-505	26	7	of	of	ADP
fbem-505	26	8	information	information	NOUN
fbem-505	26	9	technology	technology	NOUN
fbem-505	26	10	has	have	AUX
fbem-505	26	11	had	have	VERB
fbem-505	26	12	a	a	DET
fbem-505	26	13	revolutionary	revolutionary	ADJ
fbem-505	26	14	impact	impact	NOUN
fbem-505	26	15	on	on	ADP
fbem-505	26	16	the	the	DET
fbem-505	26	17	information	information	NOUN
fbem-505	26	18	environment	environment	NOUN
fbem-505	26	19	of	of	ADP
fbem-505	26	20	the	the	DET
fbem-505	26	21	capital	capital	NOUN
fbem-505	26	22	market	market	NOUN
fbem-505	26	23	(	(	PUNCT
fbem-505	26	24	miller	miller	PROPN
fbem-505	26	25	&	&	CCONJ
fbem-505	26	26	skinner[6	skinner[6	PROPN
fbem-505	26	27	]	]	X
fbem-505	26	28	,	,	PUNCT
fbem-505	26	29	2015	2015	NUM
fbem-505	26	30	)	)	PUNCT
fbem-505	26	31	,	,	PUNCT
fbem-505	26	32	the	the	DET
fbem-505	26	33	"	"	PUNCT
fbem-505	26	34	broadband	broadband	NOUN
fbem-505	26	35	china	china	PROPN
fbem-505	26	36	"	"	PUNCT
fbem-505	26	37	policy	policy	NOUN
fbem-505	26	38	as	as	ADP
fbem-505	26	39	a	a	DET
fbem-505	26	40	major	major	ADJ
fbem-505	26	41	boost	boost	NOUN
fbem-505	26	42	to	to	PART
fbem-505	26	43	improve	improve	VERB
fbem-505	26	44	the	the	DET
fbem-505	26	45	level	level	NOUN
fbem-505	26	46	of	of	ADP
fbem-505	26	47	information	information	NOUN
fbem-505	26	48	technology	technology	NOUN
fbem-505	26	49	,	,	PUNCT
fbem-505	26	50	its	its	PRON
fbem-505	26	51	implementation	implementation	NOUN
fbem-505	26	52	on	on	ADP
fbem-505	26	53	the	the	DET
fbem-505	26	54	one	one	NUM
fbem-505	26	55	hand	hand	NOUN
fbem-505	26	56	69	69	NUM
fbem-505	26	57	can	can	AUX
fbem-505	26	58	greatly	greatly	ADV
fbem-505	26	59	promote	promote	VERB
fbem-505	26	60	the	the	DET
fbem-505	26	61	development	development	NOUN
fbem-505	26	62	of	of	ADP
fbem-505	26	63	network	network	NOUN
fbem-505	26	64	infrastructure	infrastructure	NOUN
fbem-505	26	65	,	,	PUNCT
fbem-505	26	66	provide	provide	VERB
fbem-505	26	67	enterprises	enterprise	NOUN
fbem-505	26	68	with	with	ADP
fbem-505	26	69	more	more	ADV
fbem-505	26	70	convenient	convenient	ADJ
fbem-505	26	71	and	and	CCONJ
fbem-505	26	72	fast	fast	ADJ
fbem-505	26	73	financing	financing	NOUN
fbem-505	26	74	platforms	platform	NOUN
fbem-505	26	75	,	,	PUNCT
fbem-505	26	76	the	the	DET
fbem-505	26	77	interaction	interaction	NOUN
fbem-505	26	78	of	of	ADP
fbem-505	26	79	network	network	NOUN
fbem-505	26	80	platforms	platform	NOUN
fbem-505	26	81	can	can	AUX
fbem-505	26	82	improve	improve	VERB
fbem-505	26	83	investors	investor	NOUN
fbem-505	26	84	'	'	PART
fbem-505	26	85	information	information	NOUN
fbem-505	26	86	utilization	utilization	NOUN
fbem-505	26	87	capabilities	capability	NOUN
fbem-505	26	88	,	,	PUNCT
fbem-505	26	89	market	market	NOUN
fbem-505	26	90	information	information	NOUN
fbem-505	26	91	efficiency	efficiency	NOUN
fbem-505	26	92	level	level	NOUN
fbem-505	26	93	(	(	PUNCT
fbem-505	26	94	ding	ding	PROPN
fbem-505	26	95	hui	hui	PROPN
fbem-505	26	96	et	et	PROPN
fbem-505	26	97	al	al	PROPN
fbem-505	26	98	.	.	PUNCT
fbem-505	27	1	[	[	X
fbem-505	27	2	7	7	NUM
fbem-505	27	3	]	]	NUM
fbem-505	27	4	,	,	PUNCT
fbem-505	27	5	2018	2018	NUM
fbem-505	27	6	;	;	PUNCT
fbem-505	27	7	tan	tan	PROPN
fbem-505	27	8	songtao	songtao	PROPN
fbem-505	27	9	et	et	PROPN
fbem-505	27	10	al	al	PROPN
fbem-505	27	11	.	.	PUNCT
fbem-505	28	1	[	[	X
fbem-505	28	2	8	8	NUM
fbem-505	28	3	]	]	PUNCT
fbem-505	28	4	,	,	PUNCT
fbem-505	28	5	2016	2016	NUM
fbem-505	28	6	)	)	PUNCT
fbem-505	28	7	,	,	PUNCT
fbem-505	28	8	thus	thus	ADV
fbem-505	28	9	effectively	effectively	ADV
fbem-505	28	10	reducing	reduce	VERB
fbem-505	28	11	the	the	DET
fbem-505	28	12	degree	degree	NOUN
fbem-505	28	13	of	of	ADP
fbem-505	28	14	information	information	NOUN
fbem-505	28	15	asymmetry	asymmetry	NOUN
fbem-505	28	16	between	between	ADP
fbem-505	28	17	investment	investment	NOUN
fbem-505	28	18	and	and	CCONJ
fbem-505	28	19	financing	financing	NOUN
fbem-505	28	20	parties	party	NOUN
fbem-505	28	21	,	,	PUNCT
fbem-505	28	22	and	and	CCONJ
fbem-505	28	23	thus	thus	ADV
fbem-505	28	24	freeing	free	VERB
fbem-505	28	25	enterprises	enterprise	NOUN
fbem-505	28	26	from	from	ADP
fbem-505	28	27	financing	finance	VERB
fbem-505	28	28	difficulties	difficulty	NOUN
fbem-505	28	29	(	(	PUNCT
fbem-505	28	30	gao	gao	PROPN
fbem-505	28	31	jingzhong	jingzhong	PROPN
fbem-505	28	32	,	,	PUNCT
fbem-505	28	33	yang	yang	PROPN
fbem-505	28	34	chao	chao	PROPN
fbem-505	29	1	[	[	X
fbem-505	29	2	9	9	NUM
fbem-505	29	3	]	]	PUNCT
fbem-505	29	4	,	,	PUNCT
fbem-505	29	5	2021);on	2021);on	NOUN
fbem-505	29	6	the	the	DET
fbem-505	29	7	other	other	ADJ
fbem-505	29	8	hand	hand	NOUN
fbem-505	29	9	,	,	PUNCT
fbem-505	29	10	as	as	ADP
fbem-505	29	11	the	the	DET
fbem-505	29	12	"	"	PUNCT
fbem-505	29	13	central	central	ADJ
fbem-505	29	14	node	node	NOUN
fbem-505	29	15	"	"	PUNCT
fbem-505	29	16	and	and	CCONJ
fbem-505	29	17	"	"	PUNCT
fbem-505	29	18	transmission	transmission	NOUN
fbem-505	29	19	link	link	NOUN
fbem-505	29	20	"	"	PUNCT
fbem-505	29	21	of	of	ADP
fbem-505	29	22	the	the	DET
fbem-505	29	23	modern	modern	ADJ
fbem-505	29	24	space	space	NOUN
fbem-505	29	25	internet	internet	NOUN
fbem-505	29	26	,	,	PUNCT
fbem-505	29	27	the	the	DET
fbem-505	29	28	construction	construction	NOUN
fbem-505	29	29	of	of	ADP
fbem-505	29	30	information	information	NOUN
fbem-505	29	31	internet	internet	NOUN
fbem-505	29	32	infrastructure	infrastructure	NOUN
fbem-505	29	33	has	have	VERB
fbem-505	29	34	huge	huge	ADJ
fbem-505	29	35	capacity	capacity	NOUN
fbem-505	29	36	and	and	CCONJ
fbem-505	29	37	the	the	DET
fbem-505	29	38	superiority	superiority	NOUN
fbem-505	29	39	of	of	ADP
fbem-505	29	40	ultra	ultra	ADJ
fbem-505	29	41	-	-	ADJ
fbem-505	29	42	high	high	ADJ
fbem-505	29	43	-	-	PUNCT
fbem-505	29	44	speed	speed	NOUN
fbem-505	29	45	data	datum	NOUN
fbem-505	29	46	transmission	transmission	NOUN
fbem-505	29	47	,	,	PUNCT
fbem-505	29	48	which	which	PRON
fbem-505	29	49	effectively	effectively	ADV
fbem-505	29	50	promotes	promote	VERB
fbem-505	29	51	the	the	DET
fbem-505	29	52	rational	rational	ADJ
fbem-505	29	53	allocation	allocation	NOUN
fbem-505	29	54	of	of	ADP
fbem-505	29	55	knowledge	knowledge	NOUN
fbem-505	29	56	,	,	PUNCT
fbem-505	29	57	information	information	NOUN
fbem-505	29	58	,	,	PUNCT
fbem-505	29	59	technology	technology	NOUN
fbem-505	29	60	,	,	PUNCT
fbem-505	29	61	big	big	ADJ
fbem-505	29	62	data	datum	NOUN
fbem-505	29	63	and	and	CCONJ
fbem-505	29	64	other	other	ADJ
fbem-505	29	65	element	element	NOUN
fbem-505	29	66	resources	resource	NOUN
fbem-505	29	67	in	in	ADP
fbem-505	29	68	the	the	DET
fbem-505	29	69	space	space	NOUN
fbem-505	29	70	internet	internet	NOUN
fbem-505	29	71	,	,	PUNCT
fbem-505	29	72	which	which	PRON
fbem-505	29	73	may	may	AUX
fbem-505	29	74	directly	directly	ADV
fbem-505	29	75	affect	affect	VERB
fbem-505	29	76	market	market	NOUN
fbem-505	29	77	information	information	NOUN
fbem-505	29	78	release	release	NOUN
fbem-505	29	79	,	,	PUNCT
fbem-505	29	80	information	information	NOUN
fbem-505	29	81	market	market	NOUN
fbem-505	29	82	intermediary	intermediary	NOUN
fbem-505	29	83	,	,	PUNCT
fbem-505	29	84	investor	investor	NOUN
fbem-505	29	85	behavior	behavior	NOUN
fbem-505	29	86	,	,	PUNCT
fbem-505	29	87	etc	etc	X
fbem-505	29	88	.	.	X
fbem-505	29	89	(	(	PUNCT
fbem-505	29	90	blankespoor	blankespoor	PROPN
fbem-505	29	91	et	et	PROPN
fbem-505	29	92	al	al	PROPN
fbem-505	29	93	.	.	PUNCT
fbem-505	30	1	[	[	X
fbem-505	30	2	10	10	NUM
fbem-505	30	3	]	]	PUNCT
fbem-505	30	4	,	,	PUNCT
fbem-505	30	5	2013	2013	NUM
fbem-505	30	6	;	;	PUNCT
fbem-505	30	7	he	he	PRON
fbem-505	30	8	xianjie	xianjie	VERB
fbem-505	30	9	et	et	PROPN
fbem-505	30	10	al.[11	al.[11	PROPN
fbem-505	30	11	]	]	PUNCT
fbem-505	30	12	,	,	PUNCT
fbem-505	30	13	2016	2016	NUM
fbem-505	30	14	)	)	PUNCT
fbem-505	30	15	.	.	PUNCT
fbem-505	31	1	such	such	DET
fbem-505	31	2	a	a	DET
fbem-505	31	3	faster	fast	ADJ
fbem-505	31	4	and	and	CCONJ
fbem-505	31	5	cheaper	cheap	ADJ
fbem-505	31	6	network	network	NOUN
fbem-505	31	7	platform	platform	NOUN
fbem-505	31	8	greatly	greatly	ADV
fbem-505	31	9	reduces	reduce	VERB
fbem-505	31	10	the	the	DET
fbem-505	31	11	cost	cost	NOUN
fbem-505	31	12	of	of	ADP
fbem-505	31	13	information	information	NOUN
fbem-505	31	14	transmission	transmission	NOUN
fbem-505	31	15	between	between	ADP
fbem-505	31	16	information	information	NOUN
fbem-505	31	17	,	,	PUNCT
fbem-505	31	18	thereby	thereby	ADV
fbem-505	31	19	improving	improve	VERB
fbem-505	31	20	the	the	DET
fbem-505	31	21	effectiveness	effectiveness	NOUN
fbem-505	31	22	of	of	ADP
fbem-505	31	23	information	information	NOUN
fbem-505	31	24	dissemination	dissemination	NOUN
fbem-505	31	25	(	(	PUNCT
fbem-505	31	26	jess	jess	PROPN
fbem-505	31	27	et	et	PROPN
fbem-505	31	28	al	al	PROPN
fbem-505	32	1	[	[	X
fbem-505	32	2	12	12	NUM
fbem-505	32	3	]	]	PUNCT
fbem-505	32	4	,	,	PUNCT
fbem-505	32	5	1996	1996	NUM
fbem-505	32	6	)	)	PUNCT
fbem-505	32	7	,	,	PUNCT
fbem-505	32	8	which	which	PRON
fbem-505	32	9	in	in	ADP
fbem-505	32	10	turn	turn	NOUN
fbem-505	32	11	increases	increase	VERB
fbem-505	32	12	the	the	DET
fbem-505	32	13	trust	trust	NOUN
fbem-505	32	14	of	of	ADP
fbem-505	32	15	both	both	DET
fbem-505	32	16	parties	party	NOUN
fbem-505	32	17	to	to	ADP
fbem-505	32	18	the	the	DET
fbem-505	32	19	capital	capital	NOUN
fbem-505	32	20	demand	demand	NOUN
fbem-505	32	21	and	and	CCONJ
fbem-505	32	22	alleviates	alleviate	VERB
fbem-505	32	23	the	the	DET
fbem-505	32	24	problem	problem	NOUN
fbem-505	32	25	of	of	ADP
fbem-505	32	26	information	information	NOUN
fbem-505	32	27	dissemination	dissemination	NOUN
fbem-505	32	28	asymmetry	asymmetry	NOUN
fbem-505	32	29	.	.	PUNCT
fbem-505	33	1	thus	thus	ADV
fbem-505	33	2	,	,	PUNCT
fbem-505	33	3	as	as	ADP
fbem-505	33	4	an	an	DET
fbem-505	33	5	effective	effective	ADJ
fbem-505	33	6	information	information	NOUN
fbem-505	33	7	intermediary	intermediary	NOUN
fbem-505	33	8	,	,	PUNCT
fbem-505	33	9	the	the	DET
fbem-505	33	10	internet	internet	NOUN
fbem-505	33	11	can	can	AUX
fbem-505	33	12	reduce	reduce	VERB
fbem-505	33	13	the	the	DET
fbem-505	33	14	information	information	NOUN
fbem-505	33	15	asymmetry	asymmetry	NOUN
fbem-505	33	16	between	between	ADP
fbem-505	33	17	the	the	DET
fbem-505	33	18	two	two	NUM
fbem-505	33	19	parties	party	NOUN
fbem-505	33	20	to	to	ADP
fbem-505	33	21	the	the	DET
fbem-505	33	22	transaction	transaction	NOUN
fbem-505	33	23	(	(	PUNCT
fbem-505	33	24	miller	miller	PROPN
fbem-505	33	25	[	[	X
fbem-505	33	26	13	13	NUM
fbem-505	33	27	]	]	PUNCT
fbem-505	33	28	,	,	PUNCT
fbem-505	33	29	2006	2006	NUM
fbem-505	33	30	)	)	PUNCT
fbem-505	33	31	.	.	PUNCT
fbem-505	34	1	from	from	ADP
fbem-505	34	2	this	this	PRON
fbem-505	34	3	we	we	PRON
fbem-505	34	4	propose	propose	VERB
fbem-505	34	5	hypothesis	hypothesis	NOUN
fbem-505	34	6	1	1	NUM
fbem-505	34	7	:	:	PUNCT
fbem-505	34	8	hypothesis	hypothesis	NOUN
fbem-505	34	9	h1	h1	PROPN
fbem-505	34	10	:	:	PUNCT
fbem-505	34	11	network	network	NOUN
fbem-505	34	12	infrastructure	infrastructure	NOUN
fbem-505	34	13	construction	construction	NOUN
fbem-505	34	14	can	can	AUX
fbem-505	34	15	effectively	effectively	ADV
fbem-505	34	16	alleviate	alleviate	VERB
fbem-505	34	17	corporate	corporate	ADJ
fbem-505	34	18	financing	financing	NOUN
fbem-505	34	19	constraints	constraint	NOUN
fbem-505	34	20	by	by	ADP
fbem-505	34	21	reducing	reduce	VERB
fbem-505	34	22	the	the	DET
fbem-505	34	23	degree	degree	NOUN
fbem-505	34	24	of	of	ADP
fbem-505	34	25	information	information	NOUN
fbem-505	34	26	asymmetry	asymmetry	NOUN
fbem-505	34	27	between	between	ADP
fbem-505	34	28	the	the	DET
fbem-505	34	29	financing	financing	NOUN
fbem-505	34	30	parties	party	NOUN
fbem-505	34	31	.	.	PUNCT
fbem-505	35	1	the	the	DET
fbem-505	35	2	possible	possible	ADJ
fbem-505	35	3	marginal	marginal	ADJ
fbem-505	35	4	contributions	contribution	NOUN
fbem-505	35	5	of	of	ADP
fbem-505	35	6	this	this	DET
fbem-505	35	7	paper	paper	NOUN
fbem-505	35	8	are	be	AUX
fbem-505	35	9	as	as	SCONJ
fbem-505	35	10	follows	follow	VERB
fbem-505	35	11	:	:	PUNCT
fbem-505	35	12	first	first	ADV
fbem-505	35	13	,	,	PUNCT
fbem-505	35	14	in	in	ADP
fbem-505	35	15	terms	term	NOUN
fbem-505	35	16	of	of	ADP
fbem-505	35	17	research	research	NOUN
fbem-505	35	18	content	content	NOUN
fbem-505	35	19	,	,	PUNCT
fbem-505	35	20	this	this	DET
fbem-505	35	21	paper	paper	NOUN
fbem-505	35	22	innovatively	innovatively	ADV
fbem-505	35	23	studies	study	VERB
fbem-505	35	24	the	the	DET
fbem-505	35	25	impact	impact	NOUN
fbem-505	35	26	of	of	ADP
fbem-505	35	27	new	new	ADJ
fbem-505	35	28	infrastructure	infrastructure	NOUN
fbem-505	35	29	on	on	ADP
fbem-505	35	30	corporate	corporate	ADJ
fbem-505	35	31	financing	financing	NOUN
fbem-505	35	32	constraints	constraint	NOUN
fbem-505	35	33	,	,	PUNCT
fbem-505	35	34	providing	provide	VERB
fbem-505	35	35	a	a	DET
fbem-505	35	36	new	new	ADJ
fbem-505	35	37	research	research	NOUN
fbem-505	35	38	perspective	perspective	NOUN
fbem-505	35	39	for	for	ADP
fbem-505	35	40	the	the	DET
fbem-505	35	41	utility	utility	NOUN
fbem-505	35	42	of	of	ADP
fbem-505	35	43	information	information	NOUN
fbem-505	35	44	network	network	NOUN
fbem-505	35	45	infrastructure	infrastructure	NOUN
fbem-505	35	46	construction	construction	NOUN
fbem-505	35	47	and	and	CCONJ
fbem-505	35	48	the	the	DET
fbem-505	35	49	mitigation	mitigation	NOUN
fbem-505	35	50	of	of	ADP
fbem-505	35	51	corporate	corporate	ADJ
fbem-505	35	52	financing	financing	NOUN
fbem-505	35	53	constraints	constraint	NOUN
fbem-505	35	54	.	.	PUNCT
fbem-505	36	1	secondly	secondly	ADV
fbem-505	36	2	,	,	PUNCT
fbem-505	36	3	in	in	ADP
fbem-505	36	4	the	the	DET
fbem-505	36	5	sense	sense	NOUN
fbem-505	36	6	of	of	ADP
fbem-505	36	7	research	research	NOUN
fbem-505	36	8	,	,	PUNCT
fbem-505	36	9	in	in	ADP
fbem-505	36	10	order	order	NOUN
fbem-505	36	11	to	to	PART
fbem-505	36	12	deeply	deeply	ADV
fbem-505	36	13	implement	implement	VERB
fbem-505	36	14	the	the	DET
fbem-505	36	15	development	development	NOUN
fbem-505	36	16	strategies	strategy	NOUN
fbem-505	36	17	of	of	ADP
fbem-505	36	18	major	major	ADJ
fbem-505	36	19	countries	country	NOUN
fbem-505	36	20	such	such	ADJ
fbem-505	36	21	as	as	ADP
fbem-505	36	22	internet	internet	NOUN
fbem-505	36	23	rich	rich	ADJ
fbem-505	36	24	countries	country	NOUN
fbem-505	36	25	,	,	PUNCT
fbem-505	36	26	further	far	ADV
fbem-505	36	27	promote	promote	VERB
fbem-505	36	28	the	the	DET
fbem-505	36	29	construction	construction	NOUN
fbem-505	36	30	of	of	ADP
fbem-505	36	31	the	the	DET
fbem-505	36	32	electronic	electronic	ADJ
fbem-505	36	33	information	information	NOUN
fbem-505	36	34	industry	industry	NOUN
fbem-505	36	35	,	,	PUNCT
fbem-505	36	36	and	and	CCONJ
fbem-505	36	37	further	far	ADV
fbem-505	36	38	stimulate	stimulate	VERB
fbem-505	36	39	the	the	DET
fbem-505	36	40	vitality	vitality	NOUN
fbem-505	36	41	of	of	ADP
fbem-505	36	42	enterprises	enterprise	NOUN
fbem-505	36	43	,	,	PUNCT
fbem-505	36	44	an	an	DET
fbem-505	36	45	important	important	ADJ
fbem-505	36	46	theoretical	theoretical	ADJ
fbem-505	36	47	and	and	CCONJ
fbem-505	36	48	empirical	empirical	ADJ
fbem-505	36	49	basis	basis	NOUN
fbem-505	36	50	is	be	AUX
fbem-505	36	51	put	put	VERB
fbem-505	36	52	forward.research	forward.research	PROPN
fbem-505	36	53	design	design	NOUN
fbem-505	36	54	2.1	2.1	NUM
fbem-505	36	55	.	.	PUNCT
fbem-505	36	56	model	model	NOUN
fbem-505	36	57	selection	selection	NOUN
fbem-505	36	58	since	since	SCONJ
fbem-505	36	59	this	this	DET
fbem-505	36	60	paper	paper	NOUN
fbem-505	36	61	analyzes	analyze	VERB
fbem-505	36	62	the	the	DET
fbem-505	36	63	mitigation	mitigation	NOUN
fbem-505	36	64	effect	effect	NOUN
fbem-505	36	65	of	of	ADP
fbem-505	36	66	the	the	DET
fbem-505	36	67	financing	financing	NOUN
fbem-505	36	68	constraint	constraint	NOUN
fbem-505	36	69	of	of	ADP
fbem-505	36	70	the	the	DET
fbem-505	36	71	"	"	PUNCT
fbem-505	36	72	broadband	broadband	NOUN
fbem-505	36	73	china	china	PROPN
fbem-505	36	74	"	"	PUNCT
fbem-505	36	75	pilot	pilot	NOUN
fbem-505	36	76	policy	policy	NOUN
fbem-505	36	77	,	,	PUNCT
fbem-505	36	78	the	the	DET
fbem-505	36	79	empirical	empirical	ADJ
fbem-505	36	80	method	method	NOUN
fbem-505	36	81	used	use	VERB
fbem-505	36	82	in	in	ADP
fbem-505	36	83	this	this	DET
fbem-505	36	84	paper	paper	NOUN
fbem-505	36	85	is	be	AUX
fbem-505	36	86	the	the	DET
fbem-505	36	87	double	double	ADJ
fbem-505	36	88	difference	difference	NOUN
fbem-505	36	89	method	method	NOUN
fbem-505	36	90	of	of	ADP
fbem-505	36	91	evaluating	evaluate	VERB
fbem-505	36	92	the	the	DET
fbem-505	36	93	policy	policy	NOUN
fbem-505	36	94	effect	effect	NOUN
fbem-505	36	95	.	.	PUNCT
fbem-505	37	1	by	by	ADP
fbem-505	37	2	the	the	DET
fbem-505	37	3	end	end	NOUN
fbem-505	37	4	of	of	ADP
fbem-505	37	5	2021	2021	NUM
fbem-505	37	6	,	,	PUNCT
fbem-505	37	7	the	the	DET
fbem-505	37	8	chinese	chinese	ADJ
fbem-505	37	9	government	government	NOUN
fbem-505	37	10	had	have	AUX
fbem-505	37	11	approved	approve	VERB
fbem-505	37	12	a	a	DET
fbem-505	37	13	total	total	NOUN
fbem-505	37	14	of	of	ADP
fbem-505	37	15	120	120	NUM
fbem-505	37	16	"	"	PUNCT
fbem-505	37	17	broadband	broadband	NOUN
fbem-505	37	18	china	china	PROPN
fbem-505	37	19	"	"	PUNCT
fbem-505	37	20	pilot	pilot	NOUN
fbem-505	37	21	cities	city	NOUN
fbem-505	37	22	in	in	ADP
fbem-505	37	23	2014	2014	NUM
fbem-505	37	24	,	,	PUNCT
fbem-505	37	25	2015	2015	NUM
fbem-505	37	26	and	and	CCONJ
fbem-505	37	27	2016	2016	NUM
fbem-505	37	28	,	,	PUNCT
fbem-505	37	29	of	of	ADP
fbem-505	37	30	which	which	PRON
fbem-505	37	31	the	the	DET
fbem-505	37	32	approval	approval	NOUN
fbem-505	37	33	of	of	ADP
fbem-505	37	34	the	the	DET
fbem-505	37	35	test	test	NOUN
fbem-505	37	36	cities	city	NOUN
fbem-505	37	37	was	be	AUX
fbem-505	37	38	arbitrary	arbitrary	ADJ
fbem-505	37	39	,	,	PUNCT
fbem-505	37	40	thus	thus	ADV
fbem-505	37	41	creating	create	VERB
fbem-505	37	42	a	a	DET
fbem-505	37	43	favorable	favorable	ADJ
fbem-505	37	44	condition	condition	NOUN
fbem-505	37	45	for	for	ADP
fbem-505	37	46	the	the	DET
fbem-505	37	47	use	use	NOUN
fbem-505	37	48	of	of	ADP
fbem-505	37	49	the	the	DET
fbem-505	37	50	double	double	ADJ
fbem-505	37	51	difference	difference	NOUN
fbem-505	37	52	method	method	NOUN
fbem-505	37	53	.	.	PUNCT
fbem-505	38	1	in	in	ADP
fbem-505	38	2	view	view	NOUN
fbem-505	38	3	of	of	ADP
fbem-505	38	4	this	this	PRON
fbem-505	38	5	,	,	PUNCT
fbem-505	38	6	this	this	DET
fbem-505	38	7	paper	paper	NOUN
fbem-505	38	8	selects	select	NOUN
fbem-505	38	9	listed	list	VERB
fbem-505	38	10	companies	company	NOUN
fbem-505	38	11	from	from	ADP
fbem-505	38	12	2009	2009	NUM
fbem-505	38	13	to	to	ADP
fbem-505	38	14	2020	2020	NUM
fbem-505	38	15	as	as	ADP
fbem-505	38	16	research	research	NOUN
fbem-505	38	17	objects	object	NOUN
fbem-505	38	18	to	to	PART
fbem-505	38	19	empirically	empirically	ADV
fbem-505	38	20	test	test	VERB
fbem-505	38	21	whether	whether	SCONJ
fbem-505	38	22	the	the	DET
fbem-505	38	23	"	"	PUNCT
fbem-505	38	24	broadband	broadband	NOUN
fbem-505	38	25	china	china	PROPN
fbem-505	38	26	"	"	PUNCT
fbem-505	38	27	pilot	pilot	NOUN
fbem-505	38	28	policy	policy	NOUN
fbem-505	38	29	can	can	AUX
fbem-505	38	30	alleviate	alleviate	VERB
fbem-505	38	31	corporate	corporate	ADJ
fbem-505	38	32	financing	financing	NOUN
fbem-505	38	33	constraints	constraint	NOUN
fbem-505	38	34	.	.	PUNCT
fbem-505	39	1	if	if	SCONJ
fbem-505	39	2	the	the	DET
fbem-505	39	3	city	city	NOUN
fbem-505	39	4	where	where	SCONJ
fbem-505	39	5	the	the	DET
fbem-505	39	6	listed	list	VERB
fbem-505	39	7	company	company	NOUN
fbem-505	39	8	is	be	AUX
fbem-505	39	9	located	locate	VERB
fbem-505	39	10	belongs	belong	VERB
fbem-505	39	11	to	to	ADP
fbem-505	39	12	one	one	NUM
fbem-505	39	13	of	of	ADP
fbem-505	39	14	the	the	DET
fbem-505	39	15	120	120	NUM
fbem-505	39	16	pilot	pilot	NOUN
fbem-505	39	17	cities	city	NOUN
fbem-505	39	18	,	,	PUNCT
fbem-505	39	19	it	it	PRON
fbem-505	39	20	is	be	AUX
fbem-505	39	21	designated	designate	VERB
fbem-505	39	22	as	as	ADP
fbem-505	39	23	an	an	DET
fbem-505	39	24	"	"	PUNCT
fbem-505	39	25	experimental	experimental	ADJ
fbem-505	39	26	group	group	NOUN
fbem-505	39	27	"	"	PUNCT
fbem-505	39	28	and	and	CCONJ
fbem-505	39	29	vice	vice	ADV
fbem-505	39	30	versa	versa	ADV
fbem-505	39	31	as	as	ADP
fbem-505	39	32	a	a	DET
fbem-505	39	33	"	"	PUNCT
fbem-505	39	34	control	control	NOUN
fbem-505	39	35	group	group	NOUN
fbem-505	39	36	"	"	PUNCT
fbem-505	39	37	.	.	PUNCT
fbem-505	40	1	because	because	SCONJ
fbem-505	40	2	the	the	DET
fbem-505	40	3	"	"	PUNCT
fbem-505	40	4	broadband	broadband	NOUN
fbem-505	40	5	china	china	PROPN
fbem-505	40	6	"	"	PUNCT
fbem-505	40	7	test	test	NOUN
fbem-505	40	8	was	be	AUX
fbem-505	40	9	determined	determine	VERB
fbem-505	40	10	in	in	ADP
fbem-505	40	11	the	the	DET
fbem-505	40	12	three	three	NUM
fbem-505	40	13	years	year	NOUN
fbem-505	40	14	of	of	ADP
fbem-505	40	15	2014	2014	NUM
fbem-505	40	16	,	,	PUNCT
fbem-505	40	17	2015	2015	NUM
fbem-505	40	18	and	and	CCONJ
fbem-505	40	19	2016	2016	NUM
fbem-505	40	20	,	,	PUNCT
fbem-505	40	21	the	the	DET
fbem-505	40	22	policy	policy	NOUN
fbem-505	40	23	implementation	implementation	NOUN
fbem-505	40	24	year	year	NOUN
fbem-505	40	25	is	be	AUX
fbem-505	40	26	not	not	PART
fbem-505	40	27	in	in	ADP
fbem-505	40	28	the	the	DET
fbem-505	40	29	same	same	ADJ
fbem-505	40	30	year	year	NOUN
fbem-505	40	31	,	,	PUNCT
fbem-505	40	32	so	so	CCONJ
fbem-505	40	33	the	the	DET
fbem-505	40	34	multi	multi	ADJ
fbem-505	40	35	-	-	ADJ
fbem-505	40	36	period	period	ADJ
fbem-505	40	37	double	double	ADJ
fbem-505	40	38	difference	difference	NOUN
fbem-505	40	39	method	method	NOUN
fbem-505	40	40	was	be	AUX
fbem-505	40	41	selected	select	VERB
fbem-505	40	42	.	.	PUNCT
fbem-505	41	1	drawing	draw	VERB
fbem-505	41	2	on	on	ADP
fbem-505	41	3	the	the	DET
fbem-505	41	4	practice	practice	NOUN
fbem-505	41	5	of	of	ADP
fbem-505	41	6	yuan	yuan	NOUN
fbem-505	41	7	hang	hang	NOUN
fbem-505	41	8	and	and	CCONJ
fbem-505	41	9	zhu	zhu	PROPN
fbem-505	41	10	chengliang[14	chengliang[14	PROPN
fbem-505	41	11	]	]	X
fbem-505	41	12	(	(	PUNCT
fbem-505	41	13	2018	2018	NUM
fbem-505	41	14	)	)	PUNCT
fbem-505	41	15	,	,	PUNCT
fbem-505	41	16	a	a	DET
fbem-505	41	17	two	two	NUM
fbem-505	41	18	-	-	PUNCT
fbem-505	41	19	way	way	NOUN
fbem-505	41	20	fixed	fix	VERB
fbem-505	41	21	effect	effect	NOUN
fbem-505	41	22	model	model	NOUN
fbem-505	41	23	of	of	ADP
fbem-505	41	24	multi	multi	ADJ
fbem-505	41	25	-	-	ADJ
fbem-505	41	26	period	period	ADJ
fbem-505	41	27	double	double	ADJ
fbem-505	41	28	difference	difference	NOUN
fbem-505	41	29	is	be	AUX
fbem-505	41	30	constructed	construct	VERB
fbem-505	41	31	,	,	PUNCT
fbem-505	41	32	and	and	CCONJ
fbem-505	41	33	the	the	DET
fbem-505	41	34	specific	specific	ADJ
fbem-505	41	35	model	model	NOUN
fbem-505	41	36	is	be	AUX
fbem-505	41	37	set	set	VERB
fbem-505	41	38	as	as	SCONJ
fbem-505	41	39	follows	follow	VERB
fbem-505	41	40	:	:	PUNCT
fbem-505	41	41	𝐹𝐶	𝐹𝐶	NUM
fbem-505	41	42	,	,	PUNCT
fbem-505	41	43	𝛼	𝛼	PROPN
fbem-505	41	44	𝛼	𝛼	ADJ
fbem-505	41	45	𝑑𝑖𝑑	𝑑𝑖𝑑	NOUN
fbem-505	41	46	,	,	PUNCT
fbem-505	41	47	𝛼	𝛼	PROPN
fbem-505	41	48	𝑋	𝑋	NOUN
fbem-505	41	49	,	,	PUNCT
fbem-505	41	50	𝜂	𝜂	NOUN
fbem-505	41	51	𝜇	𝜇	ADP
fbem-505	41	52	𝜀	𝜀	PROPN
fbem-505	41	53	,	,	PUNCT
fbem-505	41	54	1	1	NUM
fbem-505	41	55	where	where	SCONJ
fbem-505	41	56	𝐹𝐶	𝐹𝐶	PROPN
fbem-505	41	57	,	,	PUNCT
fbem-505	41	58	is	be	AUX
fbem-505	41	59	the	the	DET
fbem-505	41	60	level	level	NOUN
fbem-505	41	61	of	of	ADP
fbem-505	41	62	constraints	constraint	NOUN
fbem-505	41	63	on	on	ADP
fbem-505	41	64	enterprise	enterprise	NOUN
fbem-505	41	65	financing	financing	NOUN
fbem-505	41	66	;	;	PUNCT
fbem-505	41	67	𝑑𝑖𝑑	𝑑𝑖𝑑	NOUN
fbem-505	41	68	,	,	PUNCT
fbem-505	41	69	is	be	AUX
fbem-505	41	70	a	a	DET
fbem-505	41	71	dummy	dummy	ADJ
fbem-505	41	72	variable	variable	NOUN
fbem-505	41	73	for	for	ADP
fbem-505	41	74	enterprises	enterprise	NOUN
fbem-505	41	75	in	in	ADP
fbem-505	41	76	the	the	DET
fbem-505	41	77	pilot	pilot	NOUN
fbem-505	41	78	cities	city	NOUN
fbem-505	41	79	.	.	PUNCT
fbem-505	42	1	𝑋	𝑋	PROPN
fbem-505	42	2	,	,	PUNCT
fbem-505	42	3	are	be	AUX
fbem-505	42	4	variables	variable	NOUN
fbem-505	42	5	that	that	PRON
fbem-505	42	6	govern	govern	VERB
fbem-505	42	7	corporate	corporate	ADJ
fbem-505	42	8	financing	financing	NOUN
fbem-505	42	9	constraints	constraint	NOUN
fbem-505	42	10	,	,	PUNCT
fbem-505	42	11	including	include	VERB
fbem-505	42	12	business	business	NOUN
fbem-505	42	13	size	size	NOUN
fbem-505	42	14	,	,	PUNCT
fbem-505	42	15	earnings	earning	NOUN
fbem-505	42	16	per	per	ADP
fbem-505	42	17	share	share	NOUN
fbem-505	42	18	,	,	PUNCT
fbem-505	42	19	profitability	profitability	NOUN
fbem-505	42	20	,	,	PUNCT
fbem-505	42	21	financial	financial	ADJ
fbem-505	42	22	leverage	leverage	NOUN
fbem-505	42	23	,	,	PUNCT
fbem-505	42	24	current	current	ADJ
fbem-505	42	25	ratio	ratio	NOUN
fbem-505	42	26	,	,	PUNCT
fbem-505	42	27	bank	bank	NOUN
fbem-505	42	28	debt	debt	NOUN
fbem-505	42	29	,	,	PUNCT
fbem-505	42	30	and	and	CCONJ
fbem-505	42	31	the	the	DET
fbem-505	42	32	nature	nature	NOUN
fbem-505	42	33	of	of	ADP
fbem-505	42	34	property	property	NOUN
fbem-505	42	35	rights	right	NOUN
fbem-505	42	36	.	.	PUNCT
fbem-505	43	1	𝜂	𝜂	NOUN
fbem-505	43	2	is	be	AUX
fbem-505	43	3	a	a	DET
fbem-505	43	4	time	time	NOUN
fbem-505	43	5	fixed	fix	VERB
fbem-505	43	6	effect	effect	NOUN
fbem-505	43	7	,	,	PUNCT
fbem-505	43	8	𝜇	𝜇	X
fbem-505	43	9	is	be	AUX
fbem-505	43	10	an	an	DET
fbem-505	43	11	individual	individual	ADJ
fbem-505	43	12	fixed	fix	VERB
fbem-505	43	13	effect	effect	NOUN
fbem-505	43	14	,	,	PUNCT
fbem-505	43	15	and	and	CCONJ
fbem-505	43	16	𝜀	𝜀	PROPN
fbem-505	43	17	,	,	PUNCT
fbem-505	43	18	is	be	AUX
fbem-505	43	19	a	a	DET
fbem-505	43	20	random	random	ADJ
fbem-505	43	21	perturbation	perturbation	NOUN
fbem-505	43	22	term	term	NOUN
fbem-505	43	23	.	.	PUNCT
fbem-505	44	1	𝛼	𝛼	PROPN
fbem-505	44	2	focuses	focus	VERB
fbem-505	44	3	on	on	ADP
fbem-505	44	4	the	the	DET
fbem-505	44	5	treatment	treatment	NOUN
fbem-505	44	6	effects	effect	NOUN
fbem-505	44	7	of	of	ADP
fbem-505	44	8	policies	policy	NOUN
fbem-505	44	9	.	.	PUNCT
fbem-505	45	1	2.2	2.2	NUM
fbem-505	45	2	.	.	PUNCT
fbem-505	45	3	measures	measure	NOUN
fbem-505	45	4	of	of	ADP
fbem-505	45	5	major	major	ADJ
fbem-505	45	6	variables	variable	NOUN
fbem-505	45	7	1	1	NUM
fbem-505	45	8	.	.	NOUN
fbem-505	45	9	degree	degree	NOUN
fbem-505	45	10	of	of	ADP
fbem-505	45	11	financing	financing	NOUN
fbem-505	45	12	constraints	constraint	NOUN
fbem-505	45	13	:	:	PUNCT
fbem-505	45	14	measures	measure	NOUN
fbem-505	45	15	of	of	ADP
fbem-505	45	16	corporate	corporate	ADJ
fbem-505	45	17	financing	financing	NOUN
fbem-505	45	18	constraints	constraint	NOUN
fbem-505	45	19	include	include	VERB
fbem-505	45	20	the	the	DET
fbem-505	45	21	kz	kz	PROPN
fbem-505	45	22	index	index	PROPN
fbem-505	45	23	(	(	PUNCT
fbem-505	45	24	lamont	lamont	PROPN
fbem-505	45	25	et	et	PROPN
fbem-505	45	26	al	al	PROPN
fbem-505	45	27	.	.	PUNCT
fbem-505	46	1	[	[	X
fbem-505	46	2	15	15	NUM
fbem-505	46	3	]	]	PUNCT
fbem-505	46	4	,	,	PUNCT
fbem-505	46	5	2001	2001	NUM
fbem-505	46	6	)	)	PUNCT
fbem-505	46	7	,	,	PUNCT
fbem-505	46	8	ww	ww	PROPN
fbem-505	46	9	index	index	NOUN
fbem-505	46	10	(	(	PUNCT
fbem-505	46	11	whited	white	VERB
fbem-505	46	12	&	&	CCONJ
fbem-505	46	13	wu[16	wu[16	PROPN
fbem-505	46	14	]	]	X
fbem-505	46	15	,	,	PUNCT
fbem-505	46	16	2006	2006	NUM
fbem-505	46	17	)	)	PUNCT
fbem-505	46	18	,	,	PUNCT
fbem-505	46	19	ehadlock	ehadlock	NOUN
fbem-505	46	20	and	and	CCONJ
fbem-505	46	21	pierce[17	pierce[17	NOUN
fbem-505	46	22	]	]	X
fbem-505	46	23	(	(	PUNCT
fbem-505	46	24	2010	2010	NUM
fbem-505	46	25	)	)	PUNCT
fbem-505	46	26	divide	divide	VERB
fbem-505	46	27	the	the	DET
fbem-505	46	28	types	type	NOUN
fbem-505	46	29	of	of	ADP
fbem-505	46	30	corporate	corporate	ADJ
fbem-505	46	31	financing	financing	NOUN
fbem-505	46	32	constraints	constraint	NOUN
fbem-505	46	33	according	accord	VERB
fbem-505	46	34	to	to	ADP
fbem-505	46	35	the	the	DET
fbem-505	46	36	kz	kz	PROPN
fbem-505	46	37	method	method	NOUN
fbem-505	46	38	according	accord	VERB
fbem-505	46	39	to	to	ADP
fbem-505	46	40	corporate	corporate	ADJ
fbem-505	46	41	financial	financial	ADJ
fbem-505	46	42	reports	report	NOUN
fbem-505	46	43	,	,	PUNCT
fbem-505	46	44	and	and	CCONJ
fbem-505	46	45	construct	construct	VERB
fbem-505	46	46	the	the	DET
fbem-505	46	47	sa	sa	PROPN
fbem-505	46	48	index	index	NOUN
fbem-505	46	49	using	use	VERB
fbem-505	46	50	two	two	NUM
fbem-505	46	51	variables	variable	NOUN
fbem-505	46	52	of	of	ADP
fbem-505	46	53	enterprise	enterprise	NOUN
fbem-505	46	54	size	size	NOUN
fbem-505	46	55	and	and	CCONJ
fbem-505	46	56	enterprise	enterprise	NOUN
fbem-505	46	57	age	age	NOUN
fbem-505	46	58	that	that	PRON
fbem-505	46	59	do	do	AUX
fbem-505	46	60	not	not	PART
fbem-505	46	61	change	change	VERB
fbem-505	46	62	much	much	ADV
fbem-505	46	63	over	over	ADP
fbem-505	46	64	time	time	NOUN
fbem-505	46	65	and	and	CCONJ
fbem-505	46	66	have	have	VERB
fbem-505	46	67	strong	strong	ADJ
fbem-505	46	68	exogenousness	exogenousness	NOUN
fbem-505	46	69	,	,	PUNCT
fbem-505	46	70	which	which	PRON
fbem-505	46	71	is	be	AUX
fbem-505	46	72	conducive	conducive	ADJ
fbem-505	46	73	to	to	ADP
fbem-505	46	74	describing	describe	VERB
fbem-505	46	75	the	the	DET
fbem-505	46	76	characteristics	characteristic	NOUN
fbem-505	46	77	of	of	ADP
fbem-505	46	78	financing	financing	NOUN
fbem-505	46	79	constraints	constraint	NOUN
fbem-505	46	80	from	from	ADP
fbem-505	46	81	a	a	DET
fbem-505	46	82	long	long	ADJ
fbem-505	46	83	-	-	PUNCT
fbem-505	46	84	term	term	NOUN
fbem-505	46	85	perspective	perspective	NOUN
fbem-505	46	86	.	.	PUNCT
fbem-505	47	1	lu	lu	PROPN
fbem-505	47	2	shengfeng	shengfeng	PROPN
fbem-505	47	3	,	,	PUNCT
fbem-505	47	4	chen	chen	PROPN
fbem-505	47	5	sixia[18	sixia[18	PROPN
fbem-505	47	6	]	]	PUNCT
fbem-505	47	7	(	(	PUNCT
fbem-505	47	8	2017	2017	NUM
fbem-505	47	9	)	)	PUNCT
fbem-505	47	10	he	he	PRON
fbem-505	47	11	ying	ying	PROPN
fbem-505	47	12	et	et	PROPN
fbem-505	47	13	al	al	PROPN
fbem-505	47	14	.	.	PUNCT
fbem-505	48	1	[	[	X
fbem-505	48	2	19	19	NUM
fbem-505	48	3	]	]	X
fbem-505	48	4	(	(	PUNCT
fbem-505	48	5	2019	2019	NUM
fbem-505	48	6	)	)	PUNCT
fbem-505	48	7	also	also	ADV
fbem-505	48	8	verified	verify	VERB
fbem-505	48	9	the	the	DET
fbem-505	48	10	applicability	applicability	NOUN
fbem-505	48	11	of	of	ADP
fbem-505	48	12	the	the	DET
fbem-505	48	13	index	index	NOUN
fbem-505	48	14	.	.	PUNCT
fbem-505	49	1	in	in	ADP
fbem-505	49	2	summary	summary	NOUN
fbem-505	49	3	,	,	PUNCT
fbem-505	49	4	this	this	DET
fbem-505	49	5	paper	paper	NOUN
fbem-505	49	6	takes	take	VERB
fbem-505	49	7	the	the	DET
fbem-505	49	8	degree	degree	NOUN
fbem-505	49	9	of	of	ADP
fbem-505	49	10	financing	financing	NOUN
fbem-505	49	11	constraint	constraint	NOUN
fbem-505	49	12	of	of	ADP
fbem-505	49	13	the	the	DET
fbem-505	49	14	sa	sa	PROPN
fbem-505	49	15	index	index	NOUN
fbem-505	49	16	and	and	CCONJ
fbem-505	49	17	takes	take	VERB
fbem-505	49	18	the	the	DET
fbem-505	49	19	natural	natural	ADJ
fbem-505	49	20	logarithm	logarithm	NOUN
fbem-505	49	21	in	in	ADP
fbem-505	49	22	the	the	DET
fbem-505	49	23	empirical	empirical	ADJ
fbem-505	49	24	evidence	evidence	NOUN
fbem-505	49	25	.	.	PUNCT
fbem-505	50	1	2	2	X
fbem-505	50	2	.	.	X
fbem-505	50	3	explanatory	explanatory	ADJ
fbem-505	50	4	variables	variable	NOUN
fbem-505	50	5	:	:	PUNCT
fbem-505	50	6	the	the	DET
fbem-505	50	7	"	"	PUNCT
fbem-505	50	8	broadband	broadband	NOUN
fbem-505	50	9	china	china	PROPN
fbem-505	50	10	"	"	PUNCT
fbem-505	50	11	dummy	dummy	ADJ
fbem-505	50	12	variable	variable	NOUN
fbem-505	50	13	was	be	AUX
fbem-505	50	14	set	set	VERB
fbem-505	50	15	as	as	SCONJ
fbem-505	50	16	follows	follow	VERB
fbem-505	50	17	:	:	PUNCT
fbem-505	50	18	"	"	PUNCT
fbem-505	50	19	broadband	broadband	NOUN
fbem-505	50	20	china	china	PROPN
fbem-505	50	21	"	"	PUNCT
fbem-505	50	22	pilot	pilot	NOUN
fbem-505	50	23	city	city	NOUN
fbem-505	50	24	enterprises	enterprise	NOUN
fbem-505	50	25	were	be	AUX
fbem-505	50	26	assigned	assign	VERB
fbem-505	50	27	a	a	DET
fbem-505	50	28	value	value	NOUN
fbem-505	50	29	of	of	ADP
fbem-505	50	30	1	1	NUM
fbem-505	50	31	in	in	ADP
fbem-505	50	32	the	the	DET
fbem-505	50	33	current	current	ADJ
fbem-505	50	34	year	year	NOUN
fbem-505	50	35	and	and	CCONJ
fbem-505	50	36	later	later	ADV
fbem-505	50	37	,	,	PUNCT
fbem-505	50	38	and	and	CCONJ
fbem-505	50	39	the	the	DET
fbem-505	50	40	rest	rest	NOUN
fbem-505	50	41	were	be	AUX
fbem-505	50	42	assigned	assign	VERB
fbem-505	50	43	a	a	DET
fbem-505	50	44	value	value	NOUN
fbem-505	50	45	of	of	ADP
fbem-505	50	46	0	0	NUM
fbem-505	50	47	.	.	NOUN
fbem-505	51	1	3	3	X
fbem-505	51	2	.	.	X
fbem-505	51	3	control	control	NOUN
fbem-505	51	4	variables	variable	NOUN
fbem-505	51	5	:	:	PUNCT
fbem-505	51	6	based	base	VERB
fbem-505	51	7	on	on	ADP
fbem-505	51	8	the	the	DET
fbem-505	51	9	existing	exist	VERB
fbem-505	51	10	literature	literature	NOUN
fbem-505	51	11	(	(	PUNCT
fbem-505	51	12	luo	luo	PROPN
fbem-505	51	13	qi	qi	PROPN
fbem-505	51	14	et	et	PROPN
fbem-505	51	15	al	al	PROPN
fbem-505	51	16	.	.	PUNCT
fbem-505	52	1	[	[	X
fbem-505	52	2	20	20	NUM
fbem-505	52	3	]	]	PUNCT
fbem-505	52	4	,	,	PUNCT
fbem-505	52	5	2007	2007	NUM
fbem-505	52	6	;)	;)	SYM
fbem-505	52	7	,	,	PUNCT
fbem-505	52	8	the	the	DET
fbem-505	52	9	control	control	NOUN
fbem-505	52	10	variables	variable	NOUN
fbem-505	52	11	we	we	PRON
fbem-505	52	12	have	have	AUX
fbem-505	52	13	selected	select	VERB
fbem-505	52	14	are	be	AUX
fbem-505	52	15	as	as	SCONJ
fbem-505	52	16	follows	follow	VERB
fbem-505	52	17	:	:	PUNCT
fbem-505	52	18	(	(	PUNCT
fbem-505	52	19	1	1	X
fbem-505	52	20	)	)	PUNCT
fbem-505	52	21	enterprise	enterprise	NOUN
fbem-505	52	22	size	size	NOUN
fbem-505	52	23	(	(	PUNCT
fbem-505	52	24	size	size	NOUN
fbem-505	52	25	):	):	PUNCT
fbem-505	52	26	measured	measure	VERB
fbem-505	52	27	by	by	ADP
fbem-505	52	28	the	the	DET
fbem-505	52	29	natural	natural	ADJ
fbem-505	52	30	logarithm	logarithm	NOUN
fbem-505	52	31	of	of	ADP
fbem-505	52	32	total	total	ADJ
fbem-505	52	33	assets	asset	NOUN
fbem-505	52	34	at	at	ADP
fbem-505	52	35	the	the	DET
fbem-505	52	36	end	end	NOUN
fbem-505	52	37	of	of	ADP
fbem-505	52	38	the	the	DET
fbem-505	52	39	period	period	NOUN
fbem-505	52	40	;	;	PUNCT
fbem-505	52	41	(	(	PUNCT
fbem-505	52	42	2	2	X
fbem-505	52	43	)	)	PUNCT
fbem-505	52	44	profitability	profitability	NOUN
fbem-505	52	45	(	(	PUNCT
fbem-505	52	46	roa	roa	NOUN
fbem-505	52	47	):	):	PUNCT
fbem-505	52	48	net	net	ADJ
fbem-505	52	49	profit	profit	NOUN
fbem-505	52	50	/	/	SYM
fbem-505	52	51	total	total	ADJ
fbem-505	52	52	assets	asset	NOUN
fbem-505	52	53	;	;	PUNCT
fbem-505	52	54	(	(	PUNCT
fbem-505	52	55	3	3	X
fbem-505	52	56	)	)	PUNCT
fbem-505	52	57	financial	financial	ADJ
fbem-505	52	58	leverage	leverage	NOUN
fbem-505	52	59	(	(	PUNCT
fbem-505	52	60	lev	lev	NOUN
fbem-505	52	61	):	):	PUNCT
fbem-505	52	62	total	total	ADJ
fbem-505	52	63	assets	asset	NOUN
fbem-505	52	64	/	/	SYM
fbem-505	52	65	total	total	ADJ
fbem-505	52	66	liabilities	liability	NOUN
fbem-505	52	67	;	;	PUNCT
fbem-505	52	68	(	(	PUNCT
fbem-505	52	69	4	4	X
fbem-505	52	70	)	)	PUNCT
fbem-505	52	71	current	current	ADJ
fbem-505	52	72	ratio	ratio	NOUN
fbem-505	52	73	(	(	PUNCT
fbem-505	52	74	rat	rat	NOUN
fbem-505	52	75	):	):	PUNCT
fbem-505	52	76	current	current	ADJ
fbem-505	52	77	assets	asset	NOUN
fbem-505	52	78	/	/	SYM
fbem-505	52	79	current	current	ADJ
fbem-505	52	80	liabilities	liability	NOUN
fbem-505	52	81	;	;	PUNCT
fbem-505	52	82	(	(	PUNCT
fbem-505	52	83	5	5	X
fbem-505	52	84	)	)	PUNCT
fbem-505	52	85	bank	bank	NOUN
fbem-505	52	86	debt	debt	NOUN
fbem-505	52	87	(	(	PUNCT
fbem-505	52	88	deb	deb	PROPN
fbem-505	52	89	)	)	PUNCT
fbem-505	52	90	:(	:(	PUNCT
fbem-505	52	91	short	short	ADJ
fbem-505	52	92	-	-	PUNCT
fbem-505	52	93	term	term	NOUN
fbem-505	52	94	borrowings	borrowing	NOUN
fbem-505	52	95	+	+	CCONJ
fbem-505	52	96	long	long	ADJ
fbem-505	52	97	-	-	PUNCT
fbem-505	52	98	term	term	NOUN
fbem-505	52	99	borrowings)/total	borrowings)/total	ADJ
fbem-505	52	100	liabilities	liability	NOUN
fbem-505	52	101	;	;	PUNCT
fbem-505	52	102	(	(	PUNCT
fbem-505	52	103	6	6	X
fbem-505	52	104	)	)	PUNCT
fbem-505	52	105	nature	nature	NOUN
fbem-505	52	106	of	of	ADP
fbem-505	52	107	property	property	NOUN
fbem-505	52	108	rights	right	NOUN
fbem-505	52	109	(	(	PUNCT
fbem-505	52	110	soe	soe	PROPN
fbem-505	52	111	):	):	PUNCT
fbem-505	52	112	if	if	SCONJ
fbem-505	52	113	the	the	DET
fbem-505	52	114	value	value	NOUN
fbem-505	52	115	of	of	ADP
fbem-505	52	116	non	non	ADJ
fbem-505	52	117	-	-	ADJ
fbem-505	52	118	state	state	NOUN
fbem-505	52	119	-	-	PUNCT
fbem-505	52	120	owned	own	VERB
fbem-505	52	121	enterprises	enterprise	NOUN
fbem-505	52	122	is	be	AUX
fbem-505	52	123	0	0	NUM
fbem-505	52	124	,	,	PUNCT
fbem-505	52	125	the	the	DET
fbem-505	52	126	value	value	NOUN
fbem-505	52	127	of	of	ADP
fbem-505	52	128	state	state	NOUN
fbem-505	52	129	-	-	PUNCT
fbem-505	52	130	owned	own	VERB
fbem-505	52	131	enterprises	enterprise	NOUN
fbem-505	52	132	is	be	AUX
fbem-505	52	133	1	1	NUM
fbem-505	52	134	.	.	NOUN
fbem-505	52	135	3	3	X
fbem-505	52	136	.	.	X
fbem-505	52	137	analysis	analysis	NOUN
fbem-505	52	138	of	of	ADP
fbem-505	52	139	results	result	NOUN
fbem-505	52	140	3.1	3.1	NUM
fbem-505	52	141	.	.	PUNCT
fbem-505	52	142	benchmark	benchmark	NOUN
fbem-505	52	143	regression	regression	NOUN
fbem-505	52	144	test	test	NOUN
fbem-505	52	145	in	in	ADP
fbem-505	52	146	this	this	DET
fbem-505	52	147	paper	paper	NOUN
fbem-505	52	148	,	,	PUNCT
fbem-505	52	149	the	the	DET
fbem-505	52	150	two	two	NUM
fbem-505	52	151	-	-	PUNCT
fbem-505	52	152	way	way	NOUN
fbem-505	52	153	fixed	fix	VERB
fbem-505	52	154	double	double	ADJ
fbem-505	52	155	differential	differential	NOUN
fbem-505	52	156	method	method	NOUN
fbem-505	52	157	is	be	AUX
fbem-505	52	158	used	use	VERB
fbem-505	52	159	to	to	PART
fbem-505	52	160	evaluate	evaluate	VERB
fbem-505	52	161	the	the	DET
fbem-505	52	162	impact	impact	NOUN
fbem-505	52	163	of	of	ADP
fbem-505	52	164	the	the	DET
fbem-505	52	165	"	"	PUNCT
fbem-505	52	166	broadband	broadband	NOUN
fbem-505	52	167	china	china	PROPN
fbem-505	52	168	"	"	PUNCT
fbem-505	52	169	pilot	pilot	NOUN
fbem-505	52	170	strategy	strategy	NOUN
fbem-505	52	171	on	on	ADP
fbem-505	52	172	the	the	DET
fbem-505	52	173	financing	financing	NOUN
fbem-505	52	174	constraints	constraint	NOUN
fbem-505	52	175	of	of	ADP
fbem-505	52	176	enterprises	enterprise	NOUN
fbem-505	52	177	in	in	ADP
fbem-505	52	178	the	the	DET
fbem-505	52	179	pilot	pilot	NOUN
fbem-505	52	180	cities	city	NOUN
fbem-505	52	181	,	,	PUNCT
fbem-505	52	182	and	and	CCONJ
fbem-505	52	183	the	the	DET
fbem-505	52	184	regression	regression	NOUN
fbem-505	52	185	results	result	NOUN
fbem-505	52	186	are	be	AUX
fbem-505	52	187	shown	show	VERB
fbem-505	52	188	in	in	ADP
fbem-505	52	189	the	the	DET
fbem-505	52	190	following	follow	VERB
fbem-505	52	191	table	table	NOUN
fbem-505	52	192	.	.	PUNCT
fbem-505	53	1	the	the	DET
fbem-505	53	2	coefficient	coefficient	NOUN
fbem-505	53	3	of	of	ADP
fbem-505	53	4	did	do	AUX
fbem-505	53	5	before	before	ADV
fbem-505	53	6	and	and	CCONJ
fbem-505	53	7	after	after	ADP
fbem-505	53	8	adding	add	VERB
fbem-505	53	9	control	control	NOUN
fbem-505	53	10	variables	variable	NOUN
fbem-505	53	11	is	be	AUX
fbem-505	53	12	significantly	significantly	ADV
fbem-505	53	13	negative	negative	ADJ
fbem-505	53	14	,	,	PUNCT
fbem-505	53	15	which	which	PRON
fbem-505	53	16	shows	show	VERB
fbem-505	53	17	that	that	SCONJ
fbem-505	53	18	the	the	DET
fbem-505	53	19	"	"	PUNCT
fbem-505	53	20	broadband	broadband	NOUN
fbem-505	53	21	china	china	PROPN
fbem-505	53	22	"	"	PUNCT
fbem-505	53	23	pilot	pilot	NOUN
fbem-505	53	24	policy	policy	NOUN
fbem-505	53	25	can	can	AUX
fbem-505	53	26	significantly	significantly	ADV
fbem-505	53	27	alleviate	alleviate	VERB
fbem-505	53	28	the	the	DET
fbem-505	53	29	financing	financing	NOUN
fbem-505	53	30	constraints	constraint	NOUN
fbem-505	53	31	of	of	ADP
fbem-505	53	32	enterprises	enterprise	NOUN
fbem-505	53	33	.	.	PUNCT
fbem-505	54	1	specifically	specifically	ADV
fbem-505	54	2	,	,	PUNCT
fbem-505	54	3	after	after	ADP
fbem-505	54	4	increasing	increase	VERB
fbem-505	54	5	the	the	DET
fbem-505	54	6	control	control	NOUN
fbem-505	54	7	variable	variable	NOUN
fbem-505	54	8	,	,	PUNCT
fbem-505	54	9	the	the	DET
fbem-505	54	10	absolute	absolute	ADJ
fbem-505	54	11	value	value	NOUN
fbem-505	54	12	of	of	ADP
fbem-505	54	13	the	the	DET
fbem-505	54	14	coefficient	coefficient	NOUN
fbem-505	54	15	of	of	ADP
fbem-505	54	16	did	do	AUX
fbem-505	54	17	increased	increase	VERB
fbem-505	54	18	from	from	ADP
fbem-505	54	19	0.0017	0.0017	NUM
fbem-505	54	20	to	to	ADP
fbem-505	54	21	0.0021	0.0021	NUM
fbem-505	54	22	,	,	PUNCT
fbem-505	54	23	and	and	CCONJ
fbem-505	54	24	all	all	PRON
fbem-505	54	25	of	of	ADP
fbem-505	54	26	them	they	PRON
fbem-505	54	27	were	be	AUX
fbem-505	54	28	significantly	significantly	ADV
fbem-505	54	29	negative	negative	ADJ
fbem-505	54	30	;	;	PUNCT
fbem-505	54	31	in	in	ADP
fbem-505	54	32	order	order	NOUN
fbem-505	54	33	to	to	PART
fbem-505	54	34	verify	verify	VERB
fbem-505	54	35	the	the	DET
fbem-505	54	36	robustness	robustness	NOUN
fbem-505	54	37	of	of	ADP
fbem-505	54	38	the	the	DET
fbem-505	54	39	results	result	NOUN
fbem-505	54	40	,	,	PUNCT
fbem-505	54	41	this	this	DET
fbem-505	54	42	paper	paper	NOUN
fbem-505	54	43	further	far	ADV
fbem-505	54	44	controlled	control	VERB
fbem-505	54	45	the	the	DET
fbem-505	54	46	annual	annual	ADJ
fbem-505	54	47	,	,	PUNCT
fbem-505	54	48	industry	industry	NOUN
fbem-505	54	49	and	and	CCONJ
fbem-505	54	50	regional	regional	ADJ
fbem-505	54	51	fixed	fix	VERB
fbem-505	54	52	effects	effect	NOUN
fbem-505	54	53	,	,	PUNCT
fbem-505	54	54	and	and	CCONJ
fbem-505	54	55	from	from	ADP
fbem-505	54	56	the	the	DET
fbem-505	54	57	70	70	NUM
fbem-505	54	58	results	result	NOUN
fbem-505	54	59	of	of	ADP
fbem-505	54	60	column	column	NOUN
fbem-505	54	61	(	(	PUNCT
fbem-505	54	62	3	3	NUM
fbem-505	54	63	)	)	PUNCT
fbem-505	54	64	,	,	PUNCT
fbem-505	54	65	it	it	PRON
fbem-505	54	66	can	can	AUX
fbem-505	54	67	be	be	AUX
fbem-505	54	68	seen	see	VERB
fbem-505	54	69	that	that	SCONJ
fbem-505	54	70	the	the	DET
fbem-505	54	71	regression	regression	NOUN
fbem-505	54	72	coefficient	coefficient	NOUN
fbem-505	54	73	of	of	ADP
fbem-505	54	74	did	do	AUX
fbem-505	54	75	is	be	AUX
fbem-505	54	76	-0.0019	-0.0019	NOUN
fbem-505	54	77	and	and	CCONJ
fbem-505	54	78	significant	significant	ADJ
fbem-505	54	79	at	at	ADP
fbem-505	54	80	the	the	DET
fbem-505	54	81	1	1	NUM
fbem-505	54	82	%	%	NOUN
fbem-505	54	83	level	level	NOUN
fbem-505	54	84	,	,	PUNCT
fbem-505	54	85	which	which	PRON
fbem-505	54	86	indicates	indicate	VERB
fbem-505	54	87	that	that	SCONJ
fbem-505	54	88	the	the	DET
fbem-505	54	89	results	result	NOUN
fbem-505	54	90	have	have	VERB
fbem-505	54	91	consistent	consistent	ADJ
fbem-505	54	92	robustness	robustness	NOUN
fbem-505	54	93	.	.	PUNCT
fbem-505	55	1	in	in	ADP
fbem-505	55	2	terms	term	NOUN
fbem-505	55	3	of	of	ADP
fbem-505	55	4	control	control	NOUN
fbem-505	55	5	variables	variable	NOUN
fbem-505	55	6	,	,	PUNCT
fbem-505	55	7	financial	financial	ADJ
fbem-505	55	8	leverage	leverage	NOUN
fbem-505	55	9	and	and	CCONJ
fbem-505	55	10	current	current	ADJ
fbem-505	55	11	ratio	ratio	NOUN
fbem-505	55	12	have	have	VERB
fbem-505	55	13	a	a	DET
fbem-505	55	14	significant	significant	ADJ
fbem-505	55	15	inhibitory	inhibitory	ADJ
fbem-505	55	16	effect	effect	NOUN
fbem-505	55	17	on	on	ADP
fbem-505	55	18	corporate	corporate	ADJ
fbem-505	55	19	financing	financing	NOUN
fbem-505	55	20	constraints	constraint	NOUN
fbem-505	55	21	;	;	PUNCT
fbem-505	55	22	the	the	DET
fbem-505	55	23	scale	scale	NOUN
fbem-505	55	24	,	,	PUNCT
fbem-505	55	25	profitability	profitability	NOUN
fbem-505	55	26	,	,	PUNCT
fbem-505	55	27	bank	bank	NOUN
fbem-505	55	28	debt	debt	NOUN
fbem-505	55	29	and	and	CCONJ
fbem-505	55	30	property	property	NOUN
fbem-505	55	31	rights	right	NOUN
fbem-505	55	32	of	of	ADP
fbem-505	55	33	enterprises	enterprise	NOUN
fbem-505	55	34	will	will	AUX
fbem-505	55	35	significantly	significantly	ADV
fbem-505	55	36	increase	increase	VERB
fbem-505	55	37	the	the	DET
fbem-505	55	38	degree	degree	NOUN
fbem-505	55	39	of	of	ADP
fbem-505	55	40	constraint	constraint	NOUN
fbem-505	55	41	on	on	ADP
fbem-505	55	42	corporate	corporate	ADJ
fbem-505	55	43	financing	financing	NOUN
fbem-505	55	44	,	,	PUNCT
fbem-505	55	45	and	and	CCONJ
fbem-505	55	46	the	the	DET
fbem-505	55	47	results	result	NOUN
fbem-505	55	48	of	of	ADP
fbem-505	55	49	control	control	NOUN
fbem-505	55	50	variables	variable	NOUN
fbem-505	55	51	are	be	AUX
fbem-505	55	52	basically	basically	ADV
fbem-505	55	53	in	in	ADP
fbem-505	55	54	line	line	NOUN
fbem-505	55	55	with	with	ADP
fbem-505	55	56	theoretical	theoretical	ADJ
fbem-505	55	57	expectations	expectation	NOUN
fbem-505	55	58	.	.	PUNCT
fbem-505	56	1	hypothesis	hypothesis	NOUN
fbem-505	56	2	1	1	NUM
fbem-505	56	3	proves	prove	VERB
fbem-505	56	4	that	that	SCONJ
fbem-505	56	5	network	network	NOUN
fbem-505	56	6	infrastructure	infrastructure	NOUN
fbem-505	56	7	can	can	AUX
fbem-505	56	8	significantly	significantly	ADV
fbem-505	56	9	ease	ease	VERB
fbem-505	56	10	corporate	corporate	ADJ
fbem-505	56	11	financing	financing	NOUN
fbem-505	56	12	constraints	constraint	NOUN
fbem-505	56	13	.	.	PUNCT
fbem-505	57	1	table	table	NOUN
fbem-505	57	2	1	1	NUM
fbem-505	57	3	.	.	PUNCT
fbem-505	57	4	benchmark	benchmark	NOUN
fbem-505	57	5	regression	regression	NOUN
fbem-505	57	6	results	result	VERB
fbem-505	57	7	fc	fc	PROPN
fbem-505	58	1	(	(	PUNCT
fbem-505	58	2	1	1	NUM
fbem-505	58	3	)	)	PUNCT
fbem-505	58	4	(	(	PUNCT
fbem-505	58	5	2	2	NUM
fbem-505	58	6	)	)	PUNCT
fbem-505	58	7	(	(	PUNCT
fbem-505	58	8	3	3	X
fbem-505	58	9	)	)	PUNCT
fbem-505	59	1	did	do	AUX
fbem-505	59	2	-0.0017	-0.0017	X
fbem-505	59	3	*	*	PUNCT
fbem-505	59	4	(	(	PUNCT
fbem-505	59	5	-1.75	-1.75	NOUN
fbem-505	59	6	)	)	PUNCT
fbem-505	59	7	-0.0021	-0.0021	NOUN
fbem-505	60	1	*	*	PUNCT
fbem-505	60	2	*	*	PUNCT
fbem-505	60	3	(	(	PUNCT
fbem-505	60	4	-2.21	-2.21	NOUN
fbem-505	60	5	)	)	PUNCT
fbem-505	60	6	-0.0019	-0.0019	NOUN
fbem-505	60	7	*	*	PUNCT
fbem-505	60	8	*	*	PUNCT
fbem-505	60	9	*	*	PUNCT
fbem-505	60	10	(	(	PUNCT
fbem-505	60	11	-4.59	-4.59	NUM
fbem-505	60	12	)	)	PUNCT
fbem-505	60	13	control	control	NOUN
fbem-505	60	14	variables	variable	NOUN
fbem-505	61	1	yes	yes	INTJ
fbem-505	61	2	yes	yes	INTJ
fbem-505	62	1	yes	yes	INTJ
fbem-505	62	2	time	time	NOUN
fbem-505	62	3	effect	effect	NOUN
fbem-505	63	1	yes	yes	INTJ
fbem-505	63	2	yes	yes	INTJ
fbem-505	64	1	yes	yes	INTJ
fbem-505	64	2	individual	individual	ADJ
fbem-505	64	3	effects	effect	NOUN
fbem-505	65	1	yes	yes	INTJ
fbem-505	65	2	yes	yes	INTJ
fbem-505	66	1	no	no	DET
fbem-505	66	2	industry	industry	NOUN
fbem-505	66	3	effects	effect	NOUN
fbem-505	66	4	no	no	INTJ
fbem-505	66	5	no	no	INTJ
fbem-505	66	6	yes	yes	INTJ
fbem-505	66	7	regional	regional	ADJ
fbem-505	66	8	effects	effect	NOUN
fbem-505	67	1	no	no	INTJ
fbem-505	67	2	no	no	INTJ
fbem-505	67	3	yes	yes	INTJ
fbem-505	67	4	n	n	CCONJ
fbem-505	67	5	29998	29998	NUM
fbem-505	67	6	29998	29998	NUM
fbem-505	67	7	29998	29998	NUM
fbem-505	67	8	r2	r2	VERB
fbem-505	67	9	0.7869	0.7869	NUM
fbem-505	67	10	0.8100	0.8100	NUM
fbem-505	67	11	0.8219	0.8219	NUM
fbem-505	67	12	note	note	NOUN
fbem-505	67	13	:	:	PUNCT
fbem-505	67	14	the	the	DET
fbem-505	67	15	values	value	NOUN
fbem-505	67	16	in	in	ADP
fbem-505	67	17	parentheses	parenthesis	NOUN
fbem-505	67	18	are	be	AUX
fbem-505	67	19	t	t	NOUN
fbem-505	67	20	-	-	PUNCT
fbem-505	67	21	values	value	NOUN
fbem-505	67	22	,	,	PUNCT
fbem-505	67	23	and	and	CCONJ
fbem-505	68	1	*	*	PUNCT
fbem-505	68	2	*	*	PUNCT
fbem-505	68	3	*	*	PUNCT
fbem-505	68	4	,	,	PUNCT
fbem-505	68	5	*	*	PUNCT
fbem-505	68	6	*	*	PUNCT
fbem-505	68	7	,	,	PUNCT
fbem-505	68	8	and	and	CCONJ
fbem-505	68	9	*	*	AUX
fbem-505	68	10	are	be	AUX
fbem-505	68	11	significant	significant	ADJ
fbem-505	68	12	at	at	ADP
fbem-505	68	13	the	the	DET
fbem-505	68	14	levels	level	NOUN
fbem-505	68	15	of	of	ADP
fbem-505	68	16	1	1	NUM
fbem-505	68	17	%	%	NOUN
fbem-505	68	18	,	,	PUNCT
fbem-505	68	19	5	5	NUM
fbem-505	68	20	%	%	NOUN
fbem-505	68	21	,	,	PUNCT
fbem-505	68	22	and	and	CCONJ
fbem-505	68	23	10	10	NUM
fbem-505	68	24	%	%	NOUN
fbem-505	68	25	,	,	PUNCT
fbem-505	68	26	respectively	respectively	ADV
fbem-505	68	27	.	.	PUNCT
fbem-505	69	1	the	the	DET
fbem-505	69	2	same	same	ADJ
fbem-505	69	3	applies	apply	VERB
fbem-505	69	4	below	below	ADV
fbem-505	69	5	.	.	PUNCT
fbem-505	70	1	3.2	3.2	NUM
fbem-505	70	2	.	.	PUNCT
fbem-505	71	1	robustness	robustness	NOUN
fbem-505	71	2	test	test	NOUN
fbem-505	71	3	3.2.1	3.2.1	NUM
fbem-505	71	4	.	.	PUNCT
fbem-505	72	1	parallel	parallel	ADJ
fbem-505	72	2	trend	trend	NOUN
fbem-505	72	3	test	test	NOUN
fbem-505	73	1	the	the	DET
fbem-505	73	2	basic	basic	ADJ
fbem-505	73	3	premise	premise	NOUN
fbem-505	73	4	of	of	ADP
fbem-505	73	5	policy	policy	NOUN
fbem-505	73	6	evaluation	evaluation	NOUN
fbem-505	73	7	using	use	VERB
fbem-505	73	8	the	the	DET
fbem-505	73	9	did	did	ADJ
fbem-505	73	10	model	model	NOUN
fbem-505	73	11	is	be	AUX
fbem-505	73	12	that	that	SCONJ
fbem-505	73	13	the	the	DET
fbem-505	73	14	parallel	parallel	ADJ
fbem-505	73	15	trend	trend	NOUN
fbem-505	73	16	hypothesis	hypothesis	NOUN
fbem-505	73	17	holds	hold	VERB
fbem-505	73	18	.	.	PUNCT
fbem-505	74	1	to	to	PART
fbem-505	74	2	avoid	avoid	VERB
fbem-505	74	3	multicollinearity	multicollinearity	NOUN
fbem-505	74	4	,	,	PUNCT
fbem-505	74	5	this	this	DET
fbem-505	74	6	article	article	NOUN
fbem-505	74	7	uses	use	VERB
fbem-505	74	8	pre1	pre1	PROPN
fbem-505	74	9	in	in	ADP
fbem-505	74	10	the	the	DET
fbem-505	74	11	year	year	NOUN
fbem-505	74	12	before	before	ADP
fbem-505	74	13	the	the	DET
fbem-505	74	14	policy	policy	NOUN
fbem-505	74	15	implementation	implementation	NOUN
fbem-505	74	16	as	as	ADP
fbem-505	74	17	a	a	DET
fbem-505	74	18	benchmark	benchmark	NOUN
fbem-505	74	19	and	and	CCONJ
fbem-505	74	20	removes	remove	VERB
fbem-505	74	21	pre1	pre1	PROPN
fbem-505	74	22	in	in	ADP
fbem-505	74	23	regression	regression	NOUN
fbem-505	74	24	.	.	PUNCT
fbem-505	75	1	the	the	DET
fbem-505	75	2	regression	regression	NOUN
fbem-505	75	3	results	result	NOUN
fbem-505	75	4	are	be	AUX
fbem-505	75	5	shown	show	VERB
fbem-505	75	6	in	in	ADP
fbem-505	75	7	figure	figure	NOUN
fbem-505	75	8	1	1	NUM
fbem-505	75	9	.	.	PUNCT
fbem-505	76	1	figure	figure	NOUN
fbem-505	76	2	1	1	NUM
fbem-505	76	3	shows	show	VERB
fbem-505	76	4	the	the	DET
fbem-505	76	5	change	change	NOUN
fbem-505	76	6	trend	trend	NOUN
fbem-505	76	7	of	of	ADP
fbem-505	76	8	the	the	DET
fbem-505	76	9	financing	financing	NOUN
fbem-505	76	10	constraint	constraint	NOUN
fbem-505	76	11	level	level	NOUN
fbem-505	76	12	of	of	ADP
fbem-505	76	13	enterprises	enterprise	NOUN
fbem-505	76	14	before	before	ADP
fbem-505	76	15	and	and	CCONJ
fbem-505	76	16	after	after	ADP
fbem-505	76	17	the	the	DET
fbem-505	76	18	implementation	implementation	NOUN
fbem-505	76	19	of	of	ADP
fbem-505	76	20	the	the	DET
fbem-505	76	21	pilot	pilot	NOUN
fbem-505	76	22	policy	policy	NOUN
fbem-505	76	23	,	,	PUNCT
fbem-505	76	24	and	and	CCONJ
fbem-505	76	25	it	it	PRON
fbem-505	76	26	can	can	AUX
fbem-505	76	27	be	be	AUX
fbem-505	76	28	seen	see	VERB
fbem-505	76	29	that	that	SCONJ
fbem-505	76	30	before	before	ADP
fbem-505	76	31	the	the	DET
fbem-505	76	32	implementation	implementation	NOUN
fbem-505	76	33	of	of	ADP
fbem-505	76	34	the	the	DET
fbem-505	76	35	policy	policy	NOUN
fbem-505	76	36	,	,	PUNCT
fbem-505	76	37	the	the	DET
fbem-505	76	38	coefficient	coefficient	NOUN
fbem-505	76	39	confidence	confidence	NOUN
fbem-505	76	40	interval	interval	NOUN
fbem-505	76	41	of	of	ADP
fbem-505	76	42	did	do	AUX
fbem-505	76	43	contains	contain	VERB
fbem-505	76	44	0	0	NUM
fbem-505	76	45	,	,	PUNCT
fbem-505	76	46	indicating	indicate	VERB
fbem-505	76	47	that	that	SCONJ
fbem-505	76	48	the	the	DET
fbem-505	76	49	coefficient	coefficient	NOUN
fbem-505	76	50	joint	joint	ADJ
fbem-505	76	51	test	test	NOUN
fbem-505	76	52	is	be	AUX
fbem-505	76	53	not	not	PART
fbem-505	76	54	significant	significant	ADJ
fbem-505	76	55	;	;	PUNCT
fbem-505	76	56	after	after	ADP
fbem-505	76	57	the	the	DET
fbem-505	76	58	implementation	implementation	NOUN
fbem-505	76	59	of	of	ADP
fbem-505	76	60	the	the	DET
fbem-505	76	61	policy	policy	NOUN
fbem-505	76	62	,	,	PUNCT
fbem-505	76	63	the	the	DET
fbem-505	76	64	confidence	confidence	NOUN
fbem-505	76	65	intervals	interval	NOUN
fbem-505	76	66	for	for	ADP
fbem-505	76	67	the	the	DET
fbem-505	76	68	coefficients	coefficient	NOUN
fbem-505	76	69	of	of	ADP
fbem-505	76	70	did	do	AUX
fbem-505	76	71	did	do	AUX
fbem-505	76	72	not	not	PART
fbem-505	76	73	contain	contain	VERB
fbem-505	76	74	0	0	NUM
fbem-505	76	75	,	,	PUNCT
fbem-505	76	76	indicating	indicate	VERB
fbem-505	76	77	that	that	SCONJ
fbem-505	76	78	the	the	DET
fbem-505	76	79	coefficients	coefficient	NOUN
fbem-505	76	80	were	be	AUX
fbem-505	76	81	jointly	jointly	ADV
fbem-505	76	82	tested	test	VERB
fbem-505	76	83	significantly	significantly	ADV
fbem-505	76	84	.	.	PUNCT
fbem-505	77	1	the	the	DET
fbem-505	77	2	above	above	ADJ
fbem-505	77	3	results	result	NOUN
fbem-505	77	4	show	show	VERB
fbem-505	77	5	that	that	SCONJ
fbem-505	77	6	the	the	DET
fbem-505	77	7	experimental	experimental	ADJ
fbem-505	77	8	group	group	NOUN
fbem-505	77	9	and	and	CCONJ
fbem-505	77	10	the	the	DET
fbem-505	77	11	control	control	NOUN
fbem-505	77	12	group	group	NOUN
fbem-505	77	13	in	in	ADP
fbem-505	77	14	this	this	DET
fbem-505	77	15	paper	paper	NOUN
fbem-505	77	16	meet	meet	VERB
fbem-505	77	17	the	the	DET
fbem-505	77	18	preconditions	precondition	NOUN
fbem-505	77	19	of	of	ADP
fbem-505	77	20	parallel	parallel	ADJ
fbem-505	77	21	trend	trend	NOUN
fbem-505	77	22	.	.	PUNCT
fbem-505	78	1	figure	figure	NOUN
fbem-505	78	2	1	1	NUM
fbem-505	78	3	.	.	PUNCT
fbem-505	78	4	parallel	parallel	ADJ
fbem-505	78	5	trend	trend	NOUN
fbem-505	78	6	test	test	NOUN
fbem-505	78	7	plot	plot	NOUN
fbem-505	78	8	3.3	3.3	NUM
fbem-505	78	9	.	.	PUNCT
fbem-505	79	1	scale	scale	NOUN
fbem-505	79	2	heterogeneity	heterogeneity	NOUN
fbem-505	79	3	analysis	analysis	NOUN
fbem-505	79	4	we	we	PRON
fbem-505	79	5	divided	divide	VERB
fbem-505	79	6	all	all	DET
fbem-505	79	7	sample	sample	NOUN
fbem-505	79	8	companies	company	NOUN
fbem-505	79	9	from	from	ADP
fbem-505	79	10	large	large	ADJ
fbem-505	79	11	to	to	ADP
fbem-505	79	12	small	small	ADJ
fbem-505	79	13	according	accord	VERB
fbem-505	79	14	to	to	ADP
fbem-505	79	15	the	the	DET
fbem-505	79	16	size	size	NOUN
fbem-505	79	17	of	of	ADP
fbem-505	79	18	the	the	DET
fbem-505	79	19	enterprise	enterprise	NOUN
fbem-505	79	20	into	into	ADP
fbem-505	79	21	three	three	NUM
fbem-505	79	22	groups	group	NOUN
fbem-505	79	23	,	,	PUNCT
fbem-505	79	24	defined	define	VERB
fbem-505	79	25	as	as	ADP
fbem-505	79	26	large	large	ADJ
fbem-505	79	27	-	-	PUNCT
fbem-505	79	28	scale	scale	NOUN
fbem-505	79	29	,	,	PUNCT
fbem-505	79	30	medium	medium	ADJ
fbem-505	79	31	-	-	PUNCT
fbem-505	79	32	sized	sized	ADJ
fbem-505	79	33	and	and	CCONJ
fbem-505	79	34	small	small	ADJ
fbem-505	79	35	-	-	PUNCT
fbem-505	79	36	scale	scale	NOUN
fbem-505	79	37	enterprises	enterprise	NOUN
fbem-505	79	38	,	,	PUNCT
fbem-505	79	39	and	and	CCONJ
fbem-505	79	40	the	the	DET
fbem-505	79	41	results	result	NOUN
fbem-505	79	42	are	be	AUX
fbem-505	79	43	shown	show	VERB
fbem-505	79	44	in	in	ADP
fbem-505	79	45	table	table	NOUN
fbem-505	79	46	3	3	NUM
fbem-505	79	47	.	.	PUNCT
fbem-505	80	1	it	it	PRON
fbem-505	80	2	can	can	AUX
fbem-505	80	3	be	be	AUX
fbem-505	80	4	found	find	VERB
fbem-505	80	5	that	that	SCONJ
fbem-505	80	6	the	the	DET
fbem-505	80	7	construction	construction	NOUN
fbem-505	80	8	of	of	ADP
fbem-505	80	9	network	network	NOUN
fbem-505	80	10	infrastructure	infrastructure	NOUN
fbem-505	80	11	significantly	significantly	ADV
fbem-505	80	12	alleviates	alleviate	VERB
fbem-505	80	13	the	the	DET
fbem-505	80	14	financing	financing	NOUN
fbem-505	80	15	constraints	constraint	NOUN
fbem-505	80	16	of	of	ADP
fbem-505	80	17	large	large	ADJ
fbem-505	80	18	-	-	PUNCT
fbem-505	80	19	scale	scale	NOUN
fbem-505	80	20	enterprises	enterprise	NOUN
fbem-505	80	21	at	at	ADP
fbem-505	80	22	the	the	DET
fbem-505	80	23	level	level	NOUN
fbem-505	80	24	of	of	ADP
fbem-505	80	25	5	5	NUM
fbem-505	80	26	%	%	NOUN
fbem-505	80	27	,	,	PUNCT
fbem-505	80	28	and	and	CCONJ
fbem-505	80	29	its	its	PRON
fbem-505	80	30	impact	impact	NOUN
fbem-505	80	31	coefficient	coefficient	NOUN
fbem-505	80	32	is	be	AUX
fbem-505	80	33	0.0022	0.0022	NUM
fbem-505	80	34	;	;	PUNCT
fbem-505	80	35	there	there	PRON
fbem-505	80	36	is	be	VERB
fbem-505	80	37	no	no	DET
fbem-505	80	38	significant	significant	ADJ
fbem-505	80	39	impact	impact	NOUN
fbem-505	80	40	on	on	ADP
fbem-505	80	41	the	the	DET
fbem-505	80	42	financing	financing	NOUN
fbem-505	80	43	constraints	constraint	NOUN
fbem-505	80	44	of	of	ADP
fbem-505	80	45	small	small	ADJ
fbem-505	80	46	and	and	CCONJ
fbem-505	80	47	medium	medium	ADJ
fbem-505	80	48	-	-	PUNCT
fbem-505	80	49	sized	sized	ADJ
fbem-505	80	50	enterprises	enterprise	NOUN
fbem-505	80	51	.	.	PUNCT
fbem-505	81	1	this	this	PRON
fbem-505	81	2	may	may	AUX
fbem-505	81	3	be	be	AUX
fbem-505	81	4	due	due	ADJ
fbem-505	81	5	to	to	ADP
fbem-505	81	6	the	the	DET
fbem-505	81	7	degree	degree	NOUN
fbem-505	81	8	of	of	ADP
fbem-505	81	9	investment	investment	NOUN
fbem-505	81	10	restriction	restriction	NOUN
fbem-505	81	11	and	and	CCONJ
fbem-505	81	12	uncertainty	uncertainty	NOUN
fbem-505	81	13	that	that	SCONJ
fbem-505	81	14	small	small	ADJ
fbem-505	81	15	-	-	PUNCT
fbem-505	81	16	scale	scale	NOUN
fbem-505	81	17	enterprises	enterprise	NOUN
fbem-505	81	18	are	be	AUX
fbem-505	81	19	subject	subject	ADJ
fbem-505	81	20	to	to	ADP
fbem-505	81	21	,	,	PUNCT
fbem-505	81	22	which	which	PRON
fbem-505	81	23	is	be	AUX
fbem-505	81	24	more	more	ADV
fbem-505	81	25	serious	serious	ADJ
fbem-505	81	26	than	than	ADP
fbem-505	81	27	that	that	PRON
fbem-505	81	28	of	of	ADP
fbem-505	81	29	large	large	ADJ
fbem-505	81	30	and	and	CCONJ
fbem-505	81	31	medium	medium	ADJ
fbem-505	81	32	-	-	PUNCT
fbem-505	81	33	sized	sized	ADJ
fbem-505	81	34	enterprises	enterprise	NOUN
fbem-505	81	35	.	.	PUNCT
fbem-505	82	1	the	the	DET
fbem-505	82	2	reason	reason	NOUN
fbem-505	82	3	is	be	AUX
fbem-505	82	4	that	that	SCONJ
fbem-505	82	5	limited	limit	VERB
fbem-505	82	6	to	to	ADP
fbem-505	82	7	resource	resource	NOUN
fbem-505	82	8	constraints	constraint	NOUN
fbem-505	82	9	,	,	PUNCT
fbem-505	82	10	most	most	ADV
fbem-505	82	11	small	small	ADJ
fbem-505	82	12	and	and	CCONJ
fbem-505	82	13	medium	medium	ADJ
fbem-505	82	14	-	-	PUNCT
fbem-505	82	15	sized	sized	ADJ
fbem-505	82	16	enterprises	enterprise	NOUN
fbem-505	82	17	can	can	AUX
fbem-505	82	18	only	only	ADV
fbem-505	82	19	carry	carry	VERB
fbem-505	82	20	out	out	ADP
fbem-505	82	21	simple	simple	ADJ
fbem-505	82	22	information	information	NOUN
fbem-505	82	23	applications	application	NOUN
fbem-505	82	24	due	due	ADP
fbem-505	82	25	to	to	ADP
fbem-505	82	26	talent	talent	NOUN
fbem-505	82	27	,	,	PUNCT
fbem-505	82	28	capital	capital	NOUN
fbem-505	82	29	,	,	PUNCT
fbem-505	82	30	etc	etc	X
fbem-505	82	31	.	.	X
fbem-505	82	32	,	,	PUNCT
fbem-505	82	33	and	and	CCONJ
fbem-505	82	34	it	it	PRON
fbem-505	82	35	is	be	AUX
fbem-505	82	36	difficult	difficult	ADJ
fbem-505	82	37	to	to	PART
fbem-505	82	38	quickly	quickly	ADV
fbem-505	82	39	improve	improve	VERB
fbem-505	82	40	the	the	DET
fbem-505	82	41	level	level	NOUN
fbem-505	82	42	of	of	ADP
fbem-505	82	43	information	information	NOUN
fbem-505	82	44	disclosure	disclosure	NOUN
fbem-505	82	45	through	through	ADP
fbem-505	82	46	network	network	NOUN
fbem-505	82	47	infrastructure	infrastructure	NOUN
fbem-505	82	48	construction	construction	NOUN
fbem-505	82	49	in	in	ADP
fbem-505	82	50	the	the	DET
fbem-505	82	51	short	short	ADJ
fbem-505	82	52	term	term	NOUN
fbem-505	82	53	,	,	PUNCT
fbem-505	82	54	reducing	reduce	VERB
fbem-505	82	55	the	the	DET
fbem-505	82	56	degree	degree	NOUN
fbem-505	82	57	of	of	ADP
fbem-505	82	58	information	information	NOUN
fbem-505	82	59	asymmetry	asymmetry	NOUN
fbem-505	82	60	between	between	ADP
fbem-505	82	61	the	the	DET
fbem-505	82	62	two	two	NUM
fbem-505	82	63	sides	side	NOUN
fbem-505	82	64	of	of	ADP
fbem-505	82	65	financing	financing	NOUN
fbem-505	82	66	;	;	PUNCT
fbem-505	82	67	large	large	ADJ
fbem-505	82	68	and	and	CCONJ
fbem-505	82	69	medium	medium	ADJ
fbem-505	82	70	-	-	PUNCT
fbem-505	82	71	sized	sized	ADJ
fbem-505	82	72	enterprises	enterprise	NOUN
fbem-505	82	73	have	have	VERB
fbem-505	82	74	strong	strong	ADJ
fbem-505	82	75	funds	fund	NOUN
fbem-505	82	76	,	,	PUNCT
fbem-505	82	77	information	information	NOUN
fbem-505	82	78	transparency	transparency	NOUN
fbem-505	82	79	is	be	AUX
fbem-505	82	80	71	71	NUM
fbem-505	82	81	relatively	relatively	ADV
fbem-505	82	82	higher	high	ADJ
fbem-505	82	83	,	,	PUNCT
fbem-505	82	84	it	it	PRON
fbem-505	82	85	is	be	AUX
fbem-505	82	86	easier	easy	ADJ
fbem-505	82	87	to	to	PART
fbem-505	82	88	gain	gain	VERB
fbem-505	82	89	competitive	competitive	ADJ
fbem-505	82	90	advantage	advantage	NOUN
fbem-505	82	91	in	in	ADP
fbem-505	82	92	the	the	DET
fbem-505	82	93	wave	wave	NOUN
fbem-505	82	94	of	of	ADP
fbem-505	82	95	digital	digital	ADJ
fbem-505	82	96	transformation	transformation	NOUN
fbem-505	82	97	,	,	PUNCT
fbem-505	82	98	which	which	PRON
fbem-505	82	99	may	may	AUX
fbem-505	82	100	enhance	enhance	VERB
fbem-505	82	101	the	the	DET
fbem-505	82	102	positive	positive	ADJ
fbem-505	82	103	role	role	NOUN
fbem-505	82	104	of	of	ADP
fbem-505	82	105	information	information	NOUN
fbem-505	82	106	resources	resource	NOUN
fbem-505	82	107	in	in	ADP
fbem-505	82	108	the	the	DET
fbem-505	82	109	process	process	NOUN
fbem-505	82	110	of	of	ADP
fbem-505	82	111	enterprise	enterprise	NOUN
fbem-505	82	112	financing	financing	NOUN
fbem-505	82	113	,	,	PUNCT
fbem-505	82	114	thereby	thereby	ADV
fbem-505	82	115	enhancing	enhance	VERB
fbem-505	82	116	the	the	DET
fbem-505	82	117	impact	impact	NOUN
fbem-505	82	118	of	of	ADP
fbem-505	82	119	network	network	NOUN
fbem-505	82	120	infrastructure	infrastructure	NOUN
fbem-505	82	121	construction	construction	NOUN
fbem-505	82	122	on	on	ADP
fbem-505	82	123	corporate	corporate	ADJ
fbem-505	82	124	financing	financing	NOUN
fbem-505	82	125	constraints	constraint	NOUN
fbem-505	82	126	.	.	PUNCT
fbem-505	83	1	table	table	NOUN
fbem-505	83	2	3	3	NUM
fbem-505	83	3	.	.	PUNCT
fbem-505	83	4	scale	scale	NOUN
fbem-505	83	5	heterogeneity	heterogeneity	NOUN
fbem-505	83	6	analysis	analysis	NOUN
fbem-505	83	7	small	small	ADJ
fbem-505	83	8	middle	middle	ADJ
fbem-505	83	9	large	large	ADJ
fbem-505	83	10	did	do	AUX
fbem-505	83	11	-0.0007	-0.0007	VERB
fbem-505	83	12	(	(	PUNCT
fbem-505	83	13	-1.56	-1.56	NUM
fbem-505	83	14	)	)	PUNCT
fbem-505	83	15	-0.0001	-0.0001	NOUN
fbem-505	83	16	(	(	PUNCT
fbem-505	83	17	-0.42	-0.42	NUM
fbem-505	83	18	)	)	PUNCT
fbem-505	83	19	-0.0022	-0.0022	NOUN
fbem-505	83	20	*	*	PUNCT
fbem-505	83	21	*	*	PUNCT
fbem-505	83	22	(	(	PUNCT
fbem-505	83	23	-2.46	-2.46	X
fbem-505	83	24	)	)	PUNCT
fbem-505	83	25	control	control	NOUN
fbem-505	83	26	variables	variable	NOUN
fbem-505	84	1	yes	yes	INTJ
fbem-505	84	2	yes	yes	INTJ
fbem-505	85	1	yes	yes	INTJ
fbem-505	85	2	time	time	NOUN
fbem-505	85	3	effect	effect	NOUN
fbem-505	86	1	yes	yes	INTJ
fbem-505	86	2	yes	yes	INTJ
fbem-505	87	1	yes	yes	INTJ
fbem-505	87	2	individual	individual	ADJ
fbem-505	87	3	effects	effect	NOUN
fbem-505	88	1	yes	yes	INTJ
fbem-505	89	1	yes	yes	INTJ
fbem-505	90	1	yes	yes	INTJ
fbem-505	91	1	n	n	NUM
fbem-505	91	2	9962	9962	NUM
fbem-505	91	3	10015	10015	NUM
fbem-505	91	4	10021	10021	NUM
fbem-505	92	1	r2	r2	PROPN
fbem-505	92	2	0.9797	0.9797	NUM
fbem-505	92	3	0.9918	0.9918	NUM
fbem-505	92	4	0.8666	0.8666	NUM
fbem-505	92	5	4	4	NUM
fbem-505	92	6	.	.	PUNCT
fbem-505	93	1	policy	policy	NOUN
fbem-505	93	2	recommendations	recommendation	NOUN
fbem-505	93	3	1	1	NUM
fbem-505	93	4	.	.	PUNCT
fbem-505	94	1	improve	improve	VERB
fbem-505	94	2	the	the	DET
fbem-505	94	3	effectiveness	effectiveness	NOUN
fbem-505	94	4	and	and	CCONJ
fbem-505	94	5	accuracy	accuracy	NOUN
fbem-505	94	6	of	of	ADP
fbem-505	94	7	broadband	broadband	NOUN
fbem-505	94	8	incentive	incentive	NOUN
fbem-505	94	9	policies	policy	NOUN
fbem-505	94	10	according	accord	VERB
fbem-505	94	11	to	to	ADP
fbem-505	94	12	local	local	ADJ
fbem-505	94	13	conditions	condition	NOUN
fbem-505	94	14	and	and	CCONJ
fbem-505	94	15	situations	situation	NOUN
fbem-505	94	16	.	.	PUNCT
fbem-505	95	1	in	in	ADP
fbem-505	95	2	the	the	DET
fbem-505	95	3	process	process	NOUN
fbem-505	95	4	of	of	ADP
fbem-505	95	5	promoting	promote	VERB
fbem-505	95	6	the	the	DET
fbem-505	95	7	construction	construction	NOUN
fbem-505	95	8	of	of	ADP
fbem-505	95	9	network	network	NOUN
fbem-505	95	10	infrastructure	infrastructure	NOUN
fbem-505	95	11	,	,	PUNCT
fbem-505	95	12	the	the	DET
fbem-505	95	13	government	government	NOUN
fbem-505	95	14	should	should	AUX
fbem-505	95	15	implement	implement	VERB
fbem-505	95	16	differentiated	differentiated	ADJ
fbem-505	95	17	arrangements	arrangement	NOUN
fbem-505	95	18	for	for	ADP
fbem-505	95	19	different	different	ADJ
fbem-505	95	20	enterprises	enterprise	NOUN
fbem-505	95	21	according	accord	VERB
fbem-505	95	22	to	to	ADP
fbem-505	95	23	the	the	DET
fbem-505	95	24	scale	scale	NOUN
fbem-505	95	25	of	of	ADP
fbem-505	95	26	enterprises	enterprise	NOUN
fbem-505	95	27	,	,	PUNCT
fbem-505	95	28	the	the	DET
fbem-505	95	29	nature	nature	NOUN
fbem-505	95	30	of	of	ADP
fbem-505	95	31	property	property	NOUN
fbem-505	95	32	rights	right	NOUN
fbem-505	95	33	,	,	PUNCT
fbem-505	95	34	and	and	CCONJ
fbem-505	95	35	the	the	DET
fbem-505	95	36	life	life	NOUN
fbem-505	95	37	cycle	cycle	NOUN
fbem-505	95	38	.	.	PUNCT
fbem-505	96	1	first	first	ADV
fbem-505	96	2	,	,	PUNCT
fbem-505	96	3	reduce	reduce	VERB
fbem-505	96	4	the	the	DET
fbem-505	96	5	threshold	threshold	NOUN
fbem-505	96	6	for	for	ADP
fbem-505	96	7	the	the	DET
fbem-505	96	8	digital	digital	ADJ
fbem-505	96	9	construction	construction	NOUN
fbem-505	96	10	of	of	ADP
fbem-505	96	11	small	small	ADJ
fbem-505	96	12	and	and	CCONJ
fbem-505	96	13	medium	medium	ADJ
fbem-505	96	14	-	-	PUNCT
fbem-505	96	15	sized	sized	ADJ
fbem-505	96	16	enterprises	enterprise	NOUN
fbem-505	96	17	to	to	PART
fbem-505	96	18	improve	improve	VERB
fbem-505	96	19	the	the	DET
fbem-505	96	20	financing	financing	NOUN
fbem-505	96	21	capacity	capacity	NOUN
fbem-505	96	22	and	and	CCONJ
fbem-505	96	23	resource	resource	NOUN
fbem-505	96	24	allocation	allocation	NOUN
fbem-505	96	25	efficiency	efficiency	NOUN
fbem-505	96	26	of	of	ADP
fbem-505	96	27	such	such	ADJ
fbem-505	96	28	enterprises	enterprise	NOUN
fbem-505	96	29	;	;	PUNCT
fbem-505	96	30	secondly	secondly	ADV
fbem-505	96	31	it	it	PRON
fbem-505	96	32	is	be	AUX
fbem-505	96	33	necessary	necessary	ADJ
fbem-505	96	34	to	to	PART
fbem-505	96	35	guide	guide	VERB
fbem-505	96	36	non	non	ADJ
fbem-505	96	37	-	-	ADJ
fbem-505	96	38	state	state	NOUN
fbem-505	96	39	-	-	PUNCT
fbem-505	96	40	owned	own	VERB
fbem-505	96	41	enterprises	enterprise	NOUN
fbem-505	96	42	to	to	PART
fbem-505	96	43	participate	participate	VERB
fbem-505	96	44	in	in	ADP
fbem-505	96	45	the	the	DET
fbem-505	96	46	construction	construction	NOUN
fbem-505	96	47	of	of	ADP
fbem-505	96	48	network	network	NOUN
fbem-505	96	49	infrastructure	infrastructure	NOUN
fbem-505	96	50	and	and	CCONJ
fbem-505	96	51	give	give	VERB
fbem-505	96	52	appropriate	appropriate	ADJ
fbem-505	96	53	subsidies	subsidy	NOUN
fbem-505	96	54	,	,	PUNCT
fbem-505	96	55	and	and	CCONJ
fbem-505	96	56	accelerate	accelerate	VERB
fbem-505	96	57	the	the	DET
fbem-505	96	58	formulation	formulation	NOUN
fbem-505	96	59	of	of	ADP
fbem-505	96	60	specific	specific	ADJ
fbem-505	96	61	ways	way	NOUN
fbem-505	96	62	and	and	CCONJ
fbem-505	96	63	measures	measure	NOUN
fbem-505	96	64	for	for	ADP
fbem-505	96	65	the	the	DET
fbem-505	96	66	management	management	NOUN
fbem-505	96	67	of	of	ADP
fbem-505	96	68	market	market	NOUN
fbem-505	96	69	access	access	NOUN
fbem-505	96	70	by	by	ADP
fbem-505	96	71	industry	industry	NOUN
fbem-505	96	72	and	and	CCONJ
fbem-505	96	73	field	field	NOUN
fbem-505	96	74	of	of	ADP
fbem-505	96	75	non	non	ADJ
fbem-505	96	76	-	-	ADJ
fbem-505	96	77	state	state	NOUN
fbem-505	96	78	-	-	PUNCT
fbem-505	96	79	owned	own	VERB
fbem-505	96	80	enterprises	enterprise	NOUN
fbem-505	96	81	;	;	PUNCT
fbem-505	96	82	finally	finally	ADV
fbem-505	96	83	,	,	PUNCT
fbem-505	96	84	since	since	SCONJ
fbem-505	96	85	network	network	NOUN
fbem-505	96	86	infrastructure	infrastructure	NOUN
fbem-505	96	87	has	have	VERB
fbem-505	96	88	no	no	DET
fbem-505	96	89	significant	significant	ADJ
fbem-505	96	90	impact	impact	NOUN
fbem-505	96	91	on	on	ADP
fbem-505	96	92	the	the	DET
fbem-505	96	93	transformation	transformation	NOUN
fbem-505	96	94	and	and	CCONJ
fbem-505	96	95	upgrading	upgrading	NOUN
fbem-505	96	96	of	of	ADP
fbem-505	96	97	enterprises	enterprise	NOUN
fbem-505	96	98	in	in	ADP
fbem-505	96	99	the	the	DET
fbem-505	96	100	growth	growth	NOUN
fbem-505	96	101	and	and	CCONJ
fbem-505	96	102	recession	recession	NOUN
fbem-505	96	103	period	period	NOUN
fbem-505	96	104	,	,	PUNCT
fbem-505	96	105	the	the	DET
fbem-505	96	106	government	government	NOUN
fbem-505	96	107	should	should	AUX
fbem-505	96	108	give	give	VERB
fbem-505	96	109	full	full	ADJ
fbem-505	96	110	play	play	NOUN
fbem-505	96	111	to	to	ADP
fbem-505	96	112	its	its	PRON
fbem-505	96	113	guiding	guide	VERB
fbem-505	96	114	role	role	NOUN
fbem-505	96	115	for	for	ADP
fbem-505	96	116	enterprises	enterprise	NOUN
fbem-505	96	117	in	in	ADP
fbem-505	96	118	the	the	DET
fbem-505	96	119	growth	growth	NOUN
fbem-505	96	120	and	and	CCONJ
fbem-505	96	121	recession	recession	NOUN
fbem-505	96	122	periods	period	NOUN
fbem-505	96	123	,	,	PUNCT
fbem-505	96	124	focusing	focus	VERB
fbem-505	96	125	on	on	ADP
fbem-505	96	126	how	how	SCONJ
fbem-505	96	127	to	to	PART
fbem-505	96	128	solve	solve	VERB
fbem-505	96	129	the	the	DET
fbem-505	96	130	degree	degree	NOUN
fbem-505	96	131	of	of	ADP
fbem-505	96	132	asymmetry	asymmetry	NOUN
fbem-505	96	133	between	between	ADP
fbem-505	96	134	enterprises	enterprise	NOUN
fbem-505	96	135	and	and	CCONJ
fbem-505	96	136	external	external	ADJ
fbem-505	96	137	information	information	NOUN
fbem-505	96	138	,	,	PUNCT
fbem-505	96	139	rather	rather	ADV
fbem-505	96	140	than	than	ADP
fbem-505	96	141	blindly	blindly	ADV
fbem-505	96	142	investing	invest	VERB
fbem-505	96	143	in	in	ADP
fbem-505	96	144	network	network	NOUN
fbem-505	96	145	infrastructure	infrastructure	NOUN
fbem-505	96	146	construction	construction	NOUN
fbem-505	96	147	.	.	PUNCT
fbem-505	97	1	2	2	X
fbem-505	97	2	.	.	X
fbem-505	97	3	further	far	ADV
fbem-505	97	4	improve	improve	VERB
fbem-505	97	5	the	the	DET
fbem-505	97	6	construction	construction	NOUN
fbem-505	97	7	of	of	ADP
fbem-505	97	8	local	local	ADJ
fbem-505	97	9	financial	financial	ADJ
fbem-505	97	10	infrastructure	infrastructure	NOUN
fbem-505	97	11	and	and	CCONJ
fbem-505	97	12	innovate	innovate	VERB
fbem-505	97	13	investment	investment	NOUN
fbem-505	97	14	and	and	CCONJ
fbem-505	97	15	financing	financing	NOUN
fbem-505	97	16	platforms	platform	NOUN
fbem-505	97	17	.	.	PUNCT
fbem-505	98	1	on	on	ADP
fbem-505	98	2	the	the	DET
fbem-505	98	3	one	one	NUM
fbem-505	98	4	hand	hand	NOUN
fbem-505	98	5	,	,	PUNCT
fbem-505	98	6	actively	actively	ADV
fbem-505	98	7	promote	promote	VERB
fbem-505	98	8	the	the	DET
fbem-505	98	9	establishment	establishment	NOUN
fbem-505	98	10	of	of	ADP
fbem-505	98	11	a	a	DET
fbem-505	98	12	social	social	ADJ
fbem-505	98	13	enterprise	enterprise	NOUN
fbem-505	98	14	creditworthiness	creditworthiness	NOUN
fbem-505	98	15	system	system	NOUN
fbem-505	98	16	,	,	PUNCT
fbem-505	98	17	further	far	ADV
fbem-505	98	18	expand	expand	VERB
fbem-505	98	19	the	the	DET
fbem-505	98	20	collection	collection	NOUN
fbem-505	98	21	and	and	CCONJ
fbem-505	98	22	application	application	NOUN
fbem-505	98	23	of	of	ADP
fbem-505	98	24	enterprise	enterprise	NOUN
fbem-505	98	25	credit	credit	NOUN
fbem-505	98	26	information	information	NOUN
fbem-505	98	27	,	,	PUNCT
fbem-505	98	28	and	and	CCONJ
fbem-505	98	29	further	far	ADV
fbem-505	98	30	strengthen	strengthen	VERB
fbem-505	98	31	the	the	DET
fbem-505	98	32	stimulating	stimulating	ADJ
fbem-505	98	33	and	and	CCONJ
fbem-505	98	34	restricting	restrict	VERB
fbem-505	98	35	functions	function	NOUN
fbem-505	98	36	of	of	ADP
fbem-505	98	37	enterprise	enterprise	NOUN
fbem-505	98	38	creditworthiness	creditworthiness	NOUN
fbem-505	98	39	;	;	PUNCT
fbem-505	98	40	on	on	ADP
fbem-505	98	41	the	the	DET
fbem-505	98	42	other	other	ADJ
fbem-505	98	43	hand	hand	NOUN
fbem-505	98	44	,	,	PUNCT
fbem-505	98	45	we	we	PRON
fbem-505	98	46	will	will	AUX
fbem-505	98	47	further	far	ADV
fbem-505	98	48	expand	expand	VERB
fbem-505	98	49	the	the	DET
fbem-505	98	50	access	access	NOUN
fbem-505	98	51	to	to	ADP
fbem-505	98	52	the	the	DET
fbem-505	98	53	unified	unified	ADJ
fbem-505	98	54	registration	registration	NOUN
fbem-505	98	55	platform	platform	NOUN
fbem-505	98	56	for	for	ADP
fbem-505	98	57	movable	movable	ADJ
fbem-505	98	58	property	property	NOUN
fbem-505	98	59	investment	investment	NOUN
fbem-505	98	60	,	,	PUNCT
fbem-505	98	61	further	far	ADV
fbem-505	98	62	improve	improve	VERB
fbem-505	98	63	the	the	DET
fbem-505	98	64	mandatory	mandatory	ADJ
fbem-505	98	65	,	,	PUNCT
fbem-505	98	66	all	all	ADV
fbem-505	98	67	-	-	PUNCT
fbem-505	98	68	round	round	ADJ
fbem-505	98	69	and	and	CCONJ
fbem-505	98	70	accurate	accurate	ADJ
fbem-505	98	71	information	information	NOUN
fbem-505	98	72	records	record	NOUN
fbem-505	98	73	,	,	PUNCT
fbem-505	98	74	and	and	CCONJ
fbem-505	98	75	create	create	VERB
fbem-505	98	76	a	a	DET
fbem-505	98	77	convenient	convenient	ADJ
fbem-505	98	78	investment	investment	NOUN
fbem-505	98	79	platform	platform	NOUN
fbem-505	98	80	for	for	ADP
fbem-505	98	81	social	social	ADJ
fbem-505	98	82	enterprises	enterprise	NOUN
fbem-505	98	83	.	.	PUNCT
fbem-505	99	1	references	reference	NOUN
fbem-505	99	2	[	[	X
fbem-505	99	3	1	1	NUM
fbem-505	99	4	]	]	X
fbem-505	99	5	opler	opler	ADJ
fbem-505	99	6	,	,	PUNCT
fbem-505	99	7	t.	t.	NOUN
fbem-505	99	8	,pinkowitz	,pinkowitz	PROPN
fbem-505	99	9	,	,	PUNCT
fbem-505	99	10	l.	l.	PROPN
fbem-505	99	11	,stulz	,stulz	PROPN
fbem-505	99	12	,	,	PUNCT
fbem-505	99	13	r.the	r.the	DET
fbem-505	99	14	determinants	determinant	NOUN
fbem-505	99	15	and	and	CCONJ
fbem-505	99	16	implications	implication	NOUN
fbem-505	99	17	of	of	ADP
fbem-505	99	18	corporate	corporate	ADJ
fbem-505	99	19	cash	cash	NOUN
fbem-505	99	20	holdings[j].journal	holdings[j].journal	NOUN
fbem-505	99	21	of	of	ADP
fbem-505	99	22	financial	financial	ADJ
fbem-505	99	23	economics,1999,52(1):3	economics,1999,52(1):3	PROPN
fbem-505	99	24	-	-	PUNCT
fbem-505	99	25	46	46	NUM
fbem-505	100	1	[	[	X
fbem-505	100	2	2	2	NUM
fbem-505	100	3	]	]	PUNCT
fbem-505	100	4	faulkender	faulkender	NOUN
fbem-505	100	5	m	m	PROPN
fbem-505	100	6	,	,	PUNCT
fbem-505	100	7	wang	wang	PROPN
fbem-505	100	8	r.corporate	r.corporate	VERB
fbem-505	100	9	financial	financial	ADJ
fbem-505	100	10	policy	policy	NOUN
fbem-505	100	11	and	and	CCONJ
fbem-505	100	12	the	the	DET
fbem-505	100	13	value	value	NOUN
fbem-505	100	14	of	of	ADP
fbem-505	100	15	cash[j].journal	cash[j].journal	ADJ
fbem-505	100	16	of	of	ADP
fbem-505	100	17	finance	finance	NOUN
fbem-505	100	18	,	,	PUNCT
fbem-505	100	19	2006	2006	NUM
fbem-505	100	20	,	,	PUNCT
fbem-505	100	21	61(4):1957	61(4):1957	NOUN
fbem-505	100	22	-	-	SYM
fbem-505	100	23	1990	1990	NUM
fbem-505	100	24	.	.	PUNCT
fbem-505	101	1	[	[	X
fbem-505	101	2	3	3	X
fbem-505	101	3	]	]	X
fbem-505	101	4	cao	cao	PROPN
fbem-505	101	5	jiguang	jiguang	PROPN
fbem-505	101	6	,	,	PUNCT
fbem-505	101	7	zhang	zhang	PROPN
fbem-505	101	8	jian	jian	PROPN
fbem-505	101	9	.	.	PROPN
fbem-505	101	10	broadband	broadband	PROPN
fbem-505	101	11	strategy	strategy	NOUN
fbem-505	101	12	of	of	ADP
fbem-505	101	13	developed	develop	VERB
fbem-505	101	14	countries	country	NOUN
fbem-505	101	15	and	and	CCONJ
fbem-505	101	16	the	the	DET
fbem-505	101	17	gap	gap	NOUN
fbem-505	101	18	between	between	ADP
fbem-505	101	19	china	china	PROPN
fbem-505	101	20	and	and	CCONJ
fbem-505	101	21	its	its	PRON
fbem-505	101	22	development[j].information	development[j].information	NOUN
fbem-505	101	23	and	and	CCONJ
fbem-505	101	24	communication	communication	NOUN
fbem-505	101	25	technology,2011,5(01):18	technology,2011,5(01):18	PROPN
fbem-505	101	26	-	-	PUNCT
fbem-505	101	27	23	23	NUM
fbem-505	101	28	.	.	PUNCT
fbem-505	102	1	[	[	X
fbem-505	102	2	4	4	X
fbem-505	102	3	]	]	PUNCT
fbem-505	102	4	fuente	fuente	NOUN
fbem-505	102	5	a	a	PRON
fbem-505	102	6	d	d	NOUN
fbem-505	102	7	l	l	NOUN
fbem-505	102	8	,	,	PUNCT
fbem-505	102	9	marin	marin	NOUN
fbem-505	102	10	j	j	PROPN
fbem-505	102	11	m	m	PROPN
fbem-505	102	12	.innovation	.innovation	NOUN
fbem-505	102	13	,	,	PUNCT
fbem-505	102	14	bank	bank	NOUN
fbem-505	102	15	monitoring	monitoring	NOUN
fbem-505	102	16	,	,	PUNCT
fbem-505	102	17	and	and	CCONJ
fbem-505	102	18	endogenous	endogenous	ADJ
fbem-505	102	19	financial	financial	ADJ
fbem-505	102	20	development[j	development[j	PROPN
fbem-505	102	21	]	]	PUNCT
fbem-505	102	22	.	.	PUNCT
fbem-505	103	1	journal	journal	PROPN
fbem-505	103	2	of	of	ADP
fbem-505	103	3	monetary	monetary	ADJ
fbem-505	103	4	economics	economic	NOUN
fbem-505	103	5	,	,	PUNCT
fbem-505	103	6	1995	1995	NUM
fbem-505	103	7	,	,	PUNCT
fbem-505	103	8	38(2):269	38(2):269	PROPN
fbem-505	103	9	-	-	NUM
fbem-505	103	10	301	301	NUM
fbem-505	103	11	.	.	PUNCT
fbem-505	104	1	[	[	X
fbem-505	104	2	5	5	X
fbem-505	104	3	]	]	X
fbem-505	104	4	liang	liang	PROPN
fbem-505	104	5	qi	qi	PROPN
fbem-505	104	6	,	,	PUNCT
fbem-505	104	7	lin	lin	PROPN
fbem-505	104	8	aijie	aijie	PROPN
fbem-505	104	9	.	.	PUNCT
fbem-505	105	1	research	research	NOUN
fbem-505	105	2	on	on	ADP
fbem-505	105	3	the	the	DET
fbem-505	105	4	influence	influence	NOUN
fbem-505	105	5	of	of	ADP
fbem-505	105	6	digital	digital	ADJ
fbem-505	105	7	finance	finance	NOUN
fbem-505	105	8	on	on	ADP
fbem-505	105	9	financing	financing	NOUN
fbem-505	105	10	constraint	constraint	NOUN
fbem-505	105	11	and	and	CCONJ
fbem-505	105	12	leverage	leverage	NOUN
fbem-505	105	13	ratio	ratio	NOUN
fbem-505	105	14	of	of	ADP
fbem-505	105	15	small	small	ADJ
fbem-505	105	16	and	and	CCONJ
fbem-505	105	17	micro	micro	ADJ
fbem-505	105	18	enterprises[j].journal	enterprises[j].journal	PROPN
fbem-505	105	19	of	of	ADP
fbem-505	105	20	sun	sun	PROPN
fbem-505	105	21	yat	yat	PROPN
fbem-505	105	22	-	-	PUNCT
fbem-505	105	23	sen	sen	PROPN
fbem-505	105	24	university	university	PROPN
fbem-505	105	25	(	(	PUNCT
fbem-505	105	26	social	social	PROPN
fbem-505	105	27	science	science	NOUN
fbem-505	105	28	edition),2020,60(06):191	edition),2020,60(06):191	PROPN
fbem-505	105	29	-	-	PUNCT
fbem-505	105	30	202	202	PROPN
fbem-505	105	31	.	.	PUNCT
fbem-505	106	1	[	[	X
fbem-505	106	2	6	6	NUM
fbem-505	106	3	]	]	X
fbem-505	106	4	miller	miller	PROPN
fbem-505	106	5	g	g	PROPN
fbem-505	106	6	s	s	PROPN
fbem-505	106	7	,	,	PUNCT
fbem-505	106	8	skinner	skinner	PROPN
fbem-505	106	9	d	d	PROPN
fbem-505	106	10	j	j	PROPN
fbem-505	106	11	.	.	PUNCT
fbem-505	107	1	the	the	DET
fbem-505	107	2	evolving	evolve	VERB
fbem-505	107	3	disclosure	disclosure	NOUN
fbem-505	107	4	landscape	landscape	NOUN
fbem-505	107	5	:	:	PUNCT
fbem-505	107	6	how	how	SCONJ
fbem-505	107	7	changes	change	NOUN
fbem-505	107	8	in	in	ADP
fbem-505	107	9	technology	technology	NOUN
fbem-505	107	10	,	,	PUNCT
fbem-505	107	11	the	the	DET
fbem-505	107	12	media	medium	NOUN
fbem-505	107	13	,	,	PUNCT
fbem-505	107	14	and	and	CCONJ
fbem-505	107	15	capital	capital	NOUN
fbem-505	107	16	markets	market	NOUN
fbem-505	107	17	are	be	AUX
fbem-505	107	18	affecting	affect	VERB
fbem-505	107	19	disclosure[j	disclosure[j	NOUN
fbem-505	107	20	]	]	PUNCT
fbem-505	107	21	.	.	PUNCT
fbem-505	108	1	journal	journal	PROPN
fbem-505	108	2	of	of	ADP
fbem-505	108	3	accounting	accounting	NOUN
fbem-505	108	4	research	research	NOUN
fbem-505	108	5	,	,	PUNCT
fbem-505	108	6	2015,53(2):221	2015,53(2):221	NOUN
fbem-505	108	7	-	-	SYM
fbem-505	108	8	239	239	NUM
fbem-505	108	9	.	.	PUNCT
fbem-505	109	1	[	[	X
fbem-505	109	2	7	7	X
fbem-505	109	3	]	]	X
fbem-505	109	4	ding	ding	PROPN
fbem-505	109	5	hui	hui	PROPN
fbem-505	109	6	,	,	PUNCT
fbem-505	109	7	lv	lv	PROPN
fbem-505	109	8	changjiang	changjiang	PROPN
fbem-505	109	9	,	,	PUNCT
fbem-505	109	10	huang	huang	PROPN
fbem-505	109	11	haijie	haijie	PROPN
fbem-505	109	12	.	.	PUNCT
fbem-505	110	1	social	social	ADJ
fbem-505	110	2	media	medium	NOUN
fbem-505	110	3	,	,	PUNCT
fbem-505	110	4	investor	investor	NOUN
fbem-505	110	5	information	information	NOUN
fbem-505	110	6	acquisition	acquisition	NOUN
fbem-505	110	7	and	and	CCONJ
fbem-505	110	8	interpretation	interpretation	NOUN
fbem-505	110	9	ability	ability	NOUN
fbem-505	110	10	and	and	CCONJ
fbem-505	110	11	earnings	earning	NOUN
fbem-505	110	12	expectations	expectation	NOUN
fbem-505	110	13	:	:	PUNCT
fbem-505	110	14	evidence	evidence	NOUN
fbem-505	110	15	from	from	ADP
fbem-505	110	16	the	the	DET
fbem-505	110	17	"	"	PUNCT
fbem-505	110	18	sse	sse	NOUN
fbem-505	110	19	e	e	NOUN
fbem-505	110	20	-	-	NOUN
fbem-505	110	21	interaction	interaction	NOUN
fbem-505	110	22	"	"	PUNCT
fbem-505	110	23	platform[j].economic	platform[j].economic	ADJ
fbem-505	110	24	research,2018,53(01):153	research,2018,53(01):153	PROPN
fbem-505	110	25	-	-	PUNCT
fbem-505	110	26	168	168	NUM
fbem-505	110	27	.	.	PUNCT
fbem-505	111	1	[	[	X
fbem-505	111	2	8	8	NUM
fbem-505	111	3	]	]	X
fbem-505	111	4	tan	tan	PROPN
fbem-505	111	5	songtao	songtao	PROPN
fbem-505	111	6	,	,	PUNCT
fbem-505	111	7	kan	kan	PROPN
fbem-505	111	8	shuo	shuo	PROPN
fbem-505	111	9	,	,	PUNCT
fbem-505	111	10	cui	cui	NOUN
fbem-505	111	11	xiaoyong	xiaoyong	PROPN
fbem-505	111	12	.	.	PUNCT
fbem-505	112	1	can	can	AUX
fbem-505	112	2	internet	internet	VERB
fbem-505	112	3	communication	communication	NOUN
fbem-505	112	4	improve	improve	VERB
fbem-505	112	5	market	market	NOUN
fbem-505	112	6	information	information	NOUN
fbem-505	112	7	efficiency	efficiency	NOUN
fbem-505	112	8	?	?	PUNCT
fbem-505	112	9	—	—	PUNCT
fbem-505	112	10	—	—	PUNCT
fbem-505	112	11	research	research	NOUN
fbem-505	112	12	based	base	VERB
fbem-505	112	13	on	on	ADP
fbem-505	112	14	the	the	DET
fbem-505	112	15	"	"	PUNCT
fbem-505	112	16	interactive	interactive	ADJ
fbem-505	112	17	easy	easy	ADJ
fbem-505	112	18	"	"	PUNCT
fbem-505	112	19	network	network	NOUN
fbem-505	112	20	platform	platform	NOUN
fbem-505	112	21	of	of	ADP
fbem-505	112	22	the	the	DET
fbem-505	112	23	shenzhen	shenzhen	PROPN
fbem-505	112	24	stock	stock	PROPN
fbem-505	112	25	exchange[j].financial	exchange[j].financial	PROPN
fbem-505	112	26	research	research	PROPN
fbem-505	112	27	,	,	PUNCT
fbem-505	112	28	2016(03):174	2016(03):174	PROPN
fbem-505	112	29	-	-	SYM
fbem-505	112	30	188	188	NUM
fbem-505	112	31	.	.	PUNCT
fbem-505	113	1	[	[	X
fbem-505	113	2	9	9	NUM
fbem-505	113	3	]	]	X
fbem-505	113	4	gao	gao	PROPN
fbem-505	113	5	jingzhong	jingzhong	PROPN
fbem-505	113	6	,	,	PUNCT
fbem-505	113	7	yang	yang	PROPN
fbem-505	113	8	chao	chao	PROPN
fbem-505	113	9	.	.	PUNCT
fbem-505	114	1	can	can	AUX
fbem-505	114	2	online	online	VERB
fbem-505	114	3	platform	platform	NOUN
fbem-505	114	4	interaction	interaction	NOUN
fbem-505	114	5	inhibit	inhibit	VERB
fbem-505	114	6	the	the	DET
fbem-505	114	7	financialization	financialization	NOUN
fbem-505	114	8	of	of	ADP
fbem-505	114	9	physical	physical	ADJ
fbem-505	114	10	enterprises	enterprise	NOUN
fbem-505	114	11	?	?	PUNCT
fbem-505	115	1	empirical	empirical	ADJ
fbem-505	115	2	evidence	evidence	NOUN
fbem-505	115	3	from	from	ADP
fbem-505	115	4	q&a	q&a	PROPN
fbem-505	115	5	on	on	ADP
fbem-505	115	6	the	the	DET
fbem-505	115	7	interactive	interactive	ADJ
fbem-505	115	8	platform	platform	NOUN
fbem-505	115	9	of	of	ADP
fbem-505	115	10	the	the	DET
fbem-505	115	11	exchange[j].journal	exchange[j].journal	NOUN
fbem-505	115	12	of	of	ADP
fbem-505	115	13	shanghai	shanghai	PROPN
fbem-505	115	14	university	university	PROPN
fbem-505	115	15	of	of	ADP
fbem-505	115	16	finance	finance	NOUN
fbem-505	115	17	and	and	CCONJ
fbem-505	115	18	economics,2021,23(05):50	economics,2021,23(05):50	NOUN
fbem-505	115	19	-	-	PUNCT
fbem-505	115	20	64	64	NUM
fbem-505	115	21	+	+	NOUN
fbem-505	115	22	106	106	NUM
fbem-505	115	23	.	.	PUNCT
fbem-505	116	1	[	[	X
fbem-505	116	2	10	10	NUM
fbem-505	116	3	]	]	X
fbem-505	116	4	blankespoor	blankespoor	NOUN
fbem-505	116	5	e	e	PROPN
fbem-505	116	6	，	，	PROPN
fbem-505	116	7	miller	miller	PROPN
fbem-505	116	8	g	g	PROPN
fbem-505	116	9	s	s	PROPN
fbem-505	116	10	and	and	CCONJ
fbem-505	116	11	white	white	PROPN
fbem-505	116	12	h	h	NOUN
fbem-505	116	13	d.the	d.the	DET
fbem-505	116	14	role	role	NOUN
fbem-505	116	15	of	of	ADP
fbem-505	116	16	dissemination	dissemination	NOUN
fbem-505	116	17	in	in	ADP
fbem-505	116	18	market	market	NOUN
fbem-505	116	19	liquidity	liquidity	NOUN
fbem-505	116	20	:	:	PUNCT
fbem-505	116	21	evidence	evidence	NOUN
fbem-505	116	22	from	from	ADP
fbem-505	116	23	firms'use	firms'use	NOUN
fbem-505	116	24	of	of	ADP
fbem-505	116	25	twitter[j	twitter[j	NOUN
fbem-505	116	26	]	]	PUNCT
fbem-505	116	27	.	.	PUNCT
fbem-505	117	1	social	social	ADJ
fbem-505	117	2	science	science	PROPN
fbem-505	117	3	electronic	electronic	ADJ
fbem-505	117	4	publishing,2013,89(1):79	publishing,2013,89(1):79	NOUN
fbem-505	117	5	-	-	SYM
fbem-505	117	6	112	112	NUM
fbem-505	117	7	.	.	PUNCT
fbem-505	118	1	[	[	X
fbem-505	118	2	11	11	NUM
fbem-505	118	3	]	]	PUNCT
fbem-505	118	4	he	he	PRON
fbem-505	118	5	xianjie	xianjie	PROPN
fbem-505	118	6	,	,	PUNCT
fbem-505	118	7	wang	wang	PROPN
fbem-505	118	8	xiaoyu	xiaoyu	PROPN
fbem-505	118	9	,	,	PUNCT
fbem-505	118	10	zhao	zhao	PROPN
fbem-505	118	11	hailong	hailong	PROPN
fbem-505	118	12	,	,	PUNCT
fbem-505	118	13	chen	chen	PROPN
fbem-505	118	14	xinyuan	xinyuan	PROPN
fbem-505	118	15	.	.	PUNCT
fbem-505	119	1	research	research	NOUN
fbem-505	119	2	on	on	ADP
fbem-505	119	3	online	online	ADJ
fbem-505	119	4	new	new	ADJ
fbem-505	119	5	media	medium	NOUN
fbem-505	119	6	information	information	NOUN
fbem-505	119	7	disclosure	disclosure	NOUN
fbem-505	119	8	of	of	ADP
fbem-505	119	9	listed	list	VERB
fbem-505	119	10	companies	company	NOUN
fbem-505	119	11	:	:	PUNCT
fbem-505	119	12	an	an	DET
fbem-505	119	13	empirical	empirical	ADJ
fbem-505	119	14	analysis	analysis	NOUN
fbem-505	119	15	based	base	VERB
fbem-505	119	16	on	on	ADP
fbem-505	119	17	weibo[j].journal	weibo[j].journal	ADJ
fbem-505	119	18	of	of	ADP
fbem-505	119	19	finance	finance	NOUN
fbem-505	119	20	and	and	CCONJ
fbem-505	119	21	economics,2016,42(03):1627	economics,2016,42(03):1627	PROPN
fbem-505	119	22	.	.	PUNCT
fbem-505	120	1	[	[	X
fbem-505	120	2	12	12	NUM
fbem-505	120	3	]	]	X
fbem-505	120	4	jess	jess	NOUN
fbem-505	120	5	,	,	PUNCT
fbem-505	120	6	benhabib	benhabib	NOUN
fbem-505	120	7	and	and	CCONJ
fbem-505	120	8	et	et	VERB
fbem-505	120	9	al.the	al.the	DET
fbem-505	120	10	role	role	NOUN
fbem-505	120	11	of	of	ADP
fbem-505	120	12	human	human	ADJ
fbem-505	120	13	capital	capital	NOUN
fbem-505	120	14	in	in	ADP
fbem-505	120	15	economic	economic	ADJ
fbem-505	120	16	development	development	NOUN
fbem-505	120	17	evidence	evidence	NOUN
fbem-505	120	18	from	from	ADP
fbem-505	120	19	aggregate	aggregate	ADJ
fbem-505	120	20	cross	cross	ADJ
fbem-505	120	21	-	-	ADJ
fbem-505	120	22	country	country	ADJ
fbem-505	120	23	data[j].journal	data[j].journal	ADJ
fbem-505	120	24	of	of	ADP
fbem-505	120	25	monetary	monetary	PROPN
fbem-505	120	26	economics,1994,34(2)：143	economics,1994,34(2)：143	PROPN
fbem-505	120	27	-	-	PROPN
fbem-505	120	28	173	173	NUM
fbem-505	120	29	.	.	PUNCT
fbem-505	121	1	[	[	X
fbem-505	121	2	13	13	NUM
fbem-505	121	3	]	]	X
fbem-505	121	4	miller	miller	PROPN
fbem-505	121	5	g	g	PROPN
fbem-505	121	6	s	s	PROPN
fbem-505	121	7	.	.	PUNCT
fbem-505	122	1	the	the	DET
fbem-505	122	2	press	press	NOUN
fbem-505	122	3	as	as	ADP
fbem-505	122	4	a	a	DET
fbem-505	122	5	watchdog	watchdog	NOUN
fbem-505	122	6	for	for	ADP
fbem-505	122	7	accounting	account	VERB
fbem-505	122	8	fraud[j	fraud[j	PROPN
fbem-505	122	9	]	]	PUNCT
fbem-505	122	10	.	.	PUNCT
fbem-505	123	1	journal	journal	PROPN
fbem-505	123	2	of	of	ADP
fbem-505	123	3	accounting	accounting	NOUN
fbem-505	123	4	research	research	NOUN
fbem-505	123	5	,	,	PUNCT
fbem-505	123	6	2006	2006	NUM
fbem-505	123	7	,	,	PUNCT
fbem-505	123	8	44(5):p.1001	44(5):p.1001	PROPN
fbem-505	123	9	-	-	SYM
fbem-505	123	10	1033	1033	NUM
fbem-505	123	11	.	.	PUNCT
fbem-505	124	1	[	[	X
fbem-505	124	2	14	14	NUM
fbem-505	124	3	]	]	X
fbem-505	124	4	yuan	yuan	PROPN
fbem-505	124	5	hang	hang	PROPN
fbem-505	124	6	,	,	PUNCT
fbem-505	124	7	zhu	zhu	PROPN
fbem-505	124	8	chengliang	chengliang	PROPN
fbem-505	124	9	.	.	PUNCT
fbem-505	125	1	has	have	AUX
fbem-505	125	2	the	the	DET
fbem-505	125	3	national	national	ADJ
fbem-505	125	4	high	high	ADJ
fbem-505	125	5	-	-	PUNCT
fbem-505	125	6	tech	tech	NOUN
fbem-505	125	7	zone	zone	NOUN
fbem-505	125	8	promoted	promote	VERB
fbem-505	125	9	the	the	DET
fbem-505	125	10	transformation	transformation	NOUN
fbem-505	125	11	and	and	CCONJ
fbem-505	125	12	upgrading	upgrading	NOUN
fbem-505	125	13	of	of	ADP
fbem-505	125	14	china	china	PROPN
fbem-505	125	15	's	's	PART
fbem-505	125	16	industrial	industrial	ADJ
fbem-505	125	17	structure[j].china	structure[j].china	NOUN
fbem-505	125	18	industrial	industrial	ADJ
fbem-505	125	19	economics	economic	NOUN
fbem-505	125	20	,	,	PUNCT
fbem-505	125	21	2018(08):60	2018(08):60	NUM
fbem-505	125	22	-	-	SYM
fbem-505	125	23	77	77	NUM
fbem-505	125	24	.	.	PUNCT
fbem-505	126	1	[	[	X
fbem-505	126	2	15	15	NUM
fbem-505	126	3	]	]	X
fbem-505	126	4	lamont	lamont	PROPN
fbem-505	126	5	o	o	PROPN
fbem-505	126	6	,	,	PUNCT
fbem-505	126	7	polk	polk	PROPN
fbem-505	126	8	c	c	X
fbem-505	126	9	,	,	PUNCT
fbem-505	126	10	saa	saa	PROPN
fbem-505	126	11	-	-	PUNCT
fbem-505	126	12	requejo	requejo	ADJ
fbem-505	126	13	j.financial	j.financial	ADJ
fbem-505	126	14	constraints	constraint	NOUN
fbem-505	126	15	and	and	CCONJ
fbem-505	126	16	stock	stock	NOUN
fbem-505	126	17	returns[j	returns[j	PROPN
fbem-505	126	18	]	]	PUNCT
fbem-505	126	19	.	.	PUNCT
fbem-505	127	1	the	the	DET
fbem-505	127	2	review	review	NOUN
fbem-505	127	3	of	of	ADP
fbem-505	127	4	financial	financial	ADJ
fbem-505	127	5	studies,2001,14(2):529–554	studies,2001,14(2):529–554	NOUN
fbem-505	127	6	.	.	PUNCT
fbem-505	128	1	[	[	X
fbem-505	128	2	16	16	NUM
fbem-505	128	3	]	]	X
fbem-505	128	4	whited	white	VERB
fbem-505	128	5	t	t	PROPN
fbem-505	128	6	m	m	PROPN
fbem-505	128	7	,	,	PUNCT
fbem-505	128	8	guojun	guojun	PROPN
fbem-505	128	9	wu.financial	wu.financial	ADJ
fbem-505	128	10	constraints	constraint	NOUN
fbem-505	128	11	risk[j	risk[j	NOUN
fbem-505	128	12	]	]	PUNCT
fbem-505	128	13	.	.	PUNCT
fbem-505	129	1	review	review	NOUN
fbem-505	129	2	of	of	ADP
fbem-505	129	3	financial	financial	ADJ
fbem-505	129	4	studies	study	NOUN
fbem-505	129	5	,	,	PUNCT
fbem-505	129	6	2006(2):531	2006(2):531	NUM
fbem-505	129	7	-	-	SYM
fbem-505	129	8	559	559	NUM
fbem-505	129	9	.	.	PUNCT
fbem-505	129	10	72	72	NUM
fbem-505	130	1	[	[	X
fbem-505	130	2	17	17	NUM
fbem-505	130	3	]	]	X
fbem-505	130	4	hadlock	hadlock	NOUN
fbem-505	130	5	c	c	PROPN
fbem-505	130	6	j	j	PROPN
fbem-505	130	7	,	,	PUNCT
fbem-505	130	8	pierce	pierce	PROPN
fbem-505	130	9	j	j	PROPN
fbem-505	130	10	r.new	r.new	VERB
fbem-505	130	11	evidence	evidence	NOUN
fbem-505	130	12	on	on	ADP
fbem-505	130	13	measuring	measure	VERB
fbem-505	130	14	financial	financial	ADJ
fbem-505	130	15	constraints	constraint	NOUN
fbem-505	130	16	:	:	PUNCT
fbem-505	130	17	moving	move	VERB
fbem-505	130	18	beyond	beyond	ADP
fbem-505	130	19	the	the	DET
fbem-505	130	20	kz	kz	PROPN
fbem-505	130	21	index[j	index[j	PROPN
fbem-505	130	22	]	]	PUNCT
fbem-505	130	23	.	.	PUNCT
fbem-505	131	1	review	review	NOUN
fbem-505	131	2	of	of	ADP
fbem-505	131	3	financial	financial	ADJ
fbem-505	131	4	studies	study	NOUN
fbem-505	131	5	,	,	PUNCT
fbem-505	131	6	2010,23(5):1909	2010,23(5):1909	NUM
fbem-505	131	7	-	-	SYM
fbem-505	131	8	1940	1940	NUM
fbem-505	131	9	.	.	PUNCT
fbem-505	132	1	[	[	X
fbem-505	132	2	18	18	NUM
fbem-505	132	3	]	]	X
fbem-505	132	4	lu	lu	PROPN
fbem-505	132	5	shengfeng	shengfeng	PROPN
fbem-505	132	6	,	,	PUNCT
fbem-505	132	7	chen	chen	PROPN
fbem-505	132	8	sixia	sixia	PROPN
fbem-505	132	9	.	.	PUNCT
fbem-505	132	10	does	do	AUX
fbem-505	132	11	government	government	NOUN
fbem-505	132	12	favoritism	favoritism	NOUN
fbem-505	132	13	ease	ease	VERB
fbem-505	132	14	corporate	corporate	ADJ
fbem-505	132	15	financing	financing	NOUN
fbem-505	132	16	constraints	constraint	NOUN
fbem-505	132	17	?	?	PUNCT
fbem-505	132	18	—	—	PUNCT
fbem-505	132	19	—	—	PUNCT
fbem-505	132	20	paranatural	paranatural	ADJ
fbem-505	132	21	experiments	experiment	NOUN
fbem-505	132	22	from	from	ADP
fbem-505	132	23	china[j].management	china[j].management	ADJ
fbem-505	132	24	world	world	NOUN
fbem-505	132	25	,	,	PUNCT
fbem-505	132	26	2017(05):51	2017(05):51	NUM
fbem-505	132	27	-	-	SYM
fbem-505	132	28	65	65	NUM
fbem-505	132	29	+	+	NUM
fbem-505	132	30	187	187	NUM
fbem-505	132	31	-	-	SYM
fbem-505	132	32	188	188	NUM
fbem-505	132	33	.	.	PUNCT
fbem-505	133	1	[	[	X
fbem-505	133	2	19	19	NUM
fbem-505	133	3	]	]	X
fbem-505	133	4	he	he	PRON
fbem-505	133	5	ying	ying	PROPN
fbem-505	133	6	,	,	PUNCT
fbem-505	133	7	yu	yu	PROPN
fbem-505	133	8	wenlei	wenlei	PROPN
fbem-505	133	9	,	,	PUNCT
fbem-505	133	10	dai	dai	PROPN
fbem-505	133	11	yichi	yichi	PROPN
fbem-505	133	12	,	,	PUNCT
fbem-505	133	13	wang	wang	PROPN
fbem-505	133	14	yanyu	yanyu	PROPN
fbem-505	133	15	.	.	PUNCT
fbem-505	134	1	executive	executive	ADJ
fbem-505	134	2	career	career	NOUN
fbem-505	134	3	experience	experience	NOUN
fbem-505	134	4	and	and	CCONJ
fbem-505	134	5	enterprise	enterprise	NOUN
fbem-505	134	6	innovation[j].management	innovation[j].management	PROPN
fbem-505	134	7	world,2019,35(11):174	world,2019,35(11):174	PROPN
fbem-505	134	8	-	-	PUNCT
fbem-505	134	9	192	192	NUM
fbem-505	134	10	.	.	PUNCT
fbem-505	135	1	[	[	X
fbem-505	135	2	20	20	NUM
fbem-505	135	3	]	]	X
fbem-505	135	4	luo	luo	PROPN
fbem-505	135	5	qi	qi	PROPN
fbem-505	135	6	,	,	PUNCT
fbem-505	135	7	xiao	xiao	PROPN
fbem-505	135	8	wenchong	wenchong	PROPN
fbem-505	135	9	,	,	PUNCT
fbem-505	135	10	xia	xia	PROPN
fbem-505	135	11	xinping	xinping	PROPN
fbem-505	135	12	.	.	PUNCT
fbem-505	136	1	financing	financing	NOUN
fbem-505	136	2	constraints	constraint	NOUN
fbem-505	136	3	or	or	CCONJ
fbem-505	136	4	overinvestment	overinvestment	ADJ
fbem-505	136	5	:	:	PUNCT
fbem-505	136	6	empirical	empirical	ADJ
fbem-505	136	7	evidence	evidence	NOUN
fbem-505	136	8	of	of	ADP
fbem-505	136	9	investment	investment	NOUN
fbem-505	136	10	-	-	PUNCT
fbem-505	136	11	cash	cash	NOUN
fbem-505	136	12	flow	flow	NOUN
fbem-505	136	13	sensitivity	sensitivity	NOUN
fbem-505	136	14	of	of	ADP
fbem-505	136	15	listed	list	VERB
fbem-505	136	16	enterprises	enterprise	NOUN
fbem-505	136	17	in	in	ADP
fbem-505	136	18	china[j].china	china[j].china	PROPN
fbem-505	136	19	industrial	industrial	ADJ
fbem-505	136	20	economics	economic	NOUN
fbem-505	136	21	,	,	PUNCT
fbem-505	136	22	2007(09):103	2007(09):103	NOUN
fbem-505	136	23	-	-	SYM
fbem-505	136	24	110	110	NUM
fbem-505	136	25	.	.	PUNCT