id	sid	tid	token	lemma	pos
fbem-5459	1	1	frontiers	frontier	NOUN
fbem-5459	1	2	in	in	ADP
fbem-5459	1	3	business	business	NOUN
fbem-5459	1	4	,	,	PUNCT
fbem-5459	1	5	economics	economic	NOUN
fbem-5459	1	6	and	and	CCONJ
fbem-5459	1	7	management	management	NOUN
fbem-5459	1	8	issn	issn	PROPN
fbem-5459	1	9	:	:	PUNCT
fbem-5459	1	10	2766	2766	NUM
fbem-5459	1	11	-	-	PUNCT
fbem-5459	1	12	824x	824x	NUM
fbem-5459	1	13	|	|	ADJ
fbem-5459	1	14	vol	vol	NOUN
fbem-5459	1	15	.	.	PUNCT
fbem-5459	2	1	7	7	NUM
fbem-5459	2	2	,	,	PUNCT
fbem-5459	2	3	no	no	INTJ
fbem-5459	2	4	.	.	NOUN
fbem-5459	2	5	3	3	NUM
fbem-5459	2	6	,	,	PUNCT
fbem-5459	2	7	2023	2023	NUM
fbem-5459	2	8	173	173	NUM
fbem-5459	2	9	life	life	NOUN
fbem-5459	2	10	cycle	cycle	NOUN
fbem-5459	2	11	,	,	PUNCT
fbem-5459	2	12	equity	equity	NOUN
fbem-5459	2	13	incentives	incentive	NOUN
fbem-5459	2	14	and	and	CCONJ
fbem-5459	2	15	innovation	innovation	NOUN
fbem-5459	2	16	shen	shen	PROPN
fbem-5459	3	1	xu	xu	PROPN
fbem-5459	3	2	*	*	PUNCT
fbem-5459	3	3	school	school	NOUN
fbem-5459	3	4	of	of	ADP
fbem-5459	3	5	management	management	NOUN
fbem-5459	3	6	,	,	PUNCT
fbem-5459	3	7	shanghai	shanghai	PROPN
fbem-5459	3	8	university	university	PROPN
fbem-5459	3	9	,	,	PUNCT
fbem-5459	3	10	shanghai	shanghai	PROPN
fbem-5459	3	11	,	,	PUNCT
fbem-5459	3	12	china	china	PROPN
fbem-5459	3	13	*	*	PUNCT
fbem-5459	3	14	corresponding	correspond	VERB
fbem-5459	3	15	author	author	NOUN
fbem-5459	3	16	:	:	PUNCT
fbem-5459	3	17	shaneoffice@163.com	shaneoffice@163.com	PROPN
fbem-5459	3	18	abstract	abstract	NOUN
fbem-5459	3	19	:	:	PUNCT
fbem-5459	3	20	drawing	draw	VERB
fbem-5459	3	21	on	on	ADP
fbem-5459	3	22	and	and	CCONJ
fbem-5459	3	23	combining	combine	VERB
fbem-5459	3	24	with	with	ADP
fbem-5459	3	25	relevant	relevant	ADJ
fbem-5459	3	26	theories	theory	NOUN
fbem-5459	3	27	such	such	ADJ
fbem-5459	3	28	as	as	ADP
fbem-5459	3	29	contingency	contingency	NOUN
fbem-5459	3	30	thinking	thinking	NOUN
fbem-5459	3	31	,	,	PUNCT
fbem-5459	3	32	life	life	NOUN
fbem-5459	3	33	cycle	cycle	NOUN
fbem-5459	3	34	and	and	CCONJ
fbem-5459	3	35	principal	principal	NOUN
fbem-5459	3	36	-	-	PUNCT
fbem-5459	3	37	agent	agent	NOUN
fbem-5459	3	38	,	,	PUNCT
fbem-5459	3	39	this	this	DET
fbem-5459	3	40	paper	paper	NOUN
fbem-5459	3	41	puts	put	VERB
fbem-5459	3	42	forward	forward	ADV
fbem-5459	3	43	the	the	DET
fbem-5459	3	44	assumption	assumption	NOUN
fbem-5459	3	45	that	that	SCONJ
fbem-5459	3	46	the	the	DET
fbem-5459	3	47	impact	impact	NOUN
fbem-5459	3	48	of	of	ADP
fbem-5459	3	49	equity	equity	NOUN
fbem-5459	3	50	incentive	incentive	NOUN
fbem-5459	3	51	on	on	ADP
fbem-5459	3	52	innovation	innovation	NOUN
fbem-5459	3	53	performance	performance	NOUN
fbem-5459	3	54	will	will	AUX
fbem-5459	3	55	fluctuate	fluctuate	VERB
fbem-5459	3	56	due	due	ADP
fbem-5459	3	57	to	to	ADP
fbem-5459	3	58	the	the	DET
fbem-5459	3	59	heterogeneity	heterogeneity	NOUN
fbem-5459	3	60	of	of	ADP
fbem-5459	3	61	life	life	NOUN
fbem-5459	3	62	cycle	cycle	NOUN
fbem-5459	3	63	.	.	PUNCT
fbem-5459	4	1	moreover	moreover	ADV
fbem-5459	4	2	,	,	PUNCT
fbem-5459	4	3	a	a	DET
fbem-5459	4	4	large	large	ADJ
fbem-5459	4	5	number	number	NOUN
fbem-5459	4	6	of	of	ADP
fbem-5459	4	7	practice	practice	NOUN
fbem-5459	4	8	results	result	NOUN
fbem-5459	4	9	also	also	ADV
fbem-5459	4	10	show	show	VERB
fbem-5459	4	11	that	that	SCONJ
fbem-5459	4	12	at	at	ADP
fbem-5459	4	13	different	different	ADJ
fbem-5459	4	14	stages	stage	NOUN
fbem-5459	4	15	of	of	ADP
fbem-5459	4	16	development	development	NOUN
fbem-5459	4	17	,	,	PUNCT
fbem-5459	4	18	companies	company	NOUN
fbem-5459	4	19	will	will	AUX
fbem-5459	4	20	have	have	VERB
fbem-5459	4	21	different	different	ADJ
fbem-5459	4	22	heterogeneous	heterogeneous	ADJ
fbem-5459	4	23	equity	equity	NOUN
fbem-5459	4	24	incentive	incentive	NOUN
fbem-5459	4	25	methods	method	NOUN
fbem-5459	4	26	.	.	PUNCT
fbem-5459	5	1	this	this	DET
fbem-5459	5	2	paper	paper	NOUN
fbem-5459	5	3	takes	take	VERB
fbem-5459	5	4	a	a	DET
fbem-5459	5	5	-	-	PUNCT
fbem-5459	5	6	share	share	NOUN
fbem-5459	5	7	listed	list	VERB
fbem-5459	5	8	companies	company	NOUN
fbem-5459	5	9	from	from	ADP
fbem-5459	5	10	2007	2007	NUM
fbem-5459	5	11	to	to	ADP
fbem-5459	5	12	2019	2019	NUM
fbem-5459	5	13	as	as	ADP
fbem-5459	5	14	the	the	DET
fbem-5459	5	15	research	research	NOUN
fbem-5459	5	16	object	object	NOUN
fbem-5459	5	17	,	,	PUNCT
fbem-5459	5	18	analyzes	analyze	VERB
fbem-5459	5	19	and	and	CCONJ
fbem-5459	5	20	discusses	discuss	VERB
fbem-5459	5	21	the	the	DET
fbem-5459	5	22	following	follow	VERB
fbem-5459	5	23	contents	content	NOUN
fbem-5459	5	24	by	by	ADP
fbem-5459	5	25	using	use	VERB
fbem-5459	5	26	the	the	DET
fbem-5459	5	27	empirical	empirical	ADJ
fbem-5459	5	28	research	research	NOUN
fbem-5459	5	29	method	method	NOUN
fbem-5459	5	30	and	and	CCONJ
fbem-5459	5	31	stata17.0	stata17.0	PROPN
fbem-5459	5	32	software	software	NOUN
fbem-5459	5	33	,	,	PUNCT
fbem-5459	5	34	and	and	CCONJ
fbem-5459	5	35	sets	set	VERB
fbem-5459	5	36	the	the	DET
fbem-5459	5	37	dependent	dependent	ADJ
fbem-5459	5	38	variable	variable	ADJ
fbem-5459	5	39	and	and	CCONJ
fbem-5459	5	40	independent	independent	ADJ
fbem-5459	5	41	variable	variable	NOUN
fbem-5459	5	42	as	as	ADP
fbem-5459	5	43	innovation	innovation	NOUN
fbem-5459	5	44	performance	performance	NOUN
fbem-5459	5	45	,	,	PUNCT
fbem-5459	5	46	and	and	CCONJ
fbem-5459	5	47	the	the	DET
fbem-5459	5	48	intensity	intensity	NOUN
fbem-5459	5	49	and	and	CCONJ
fbem-5459	5	50	mode	mode	NOUN
fbem-5459	5	51	of	of	ADP
fbem-5459	5	52	equity	equity	NOUN
fbem-5459	5	53	incentive	incentive	NOUN
fbem-5459	5	54	respectively	respectively	ADV
fbem-5459	5	55	:	:	PUNCT
fbem-5459	5	56	(	(	PUNCT
fbem-5459	5	57	1	1	X
fbem-5459	5	58	)	)	PUNCT
fbem-5459	5	59	the	the	DET
fbem-5459	5	60	innovation	innovation	NOUN
fbem-5459	5	61	performance	performance	NOUN
fbem-5459	5	62	of	of	ADP
fbem-5459	5	63	a	a	DET
fbem-5459	5	64	-	-	PUNCT
fbem-5459	5	65	share	share	NOUN
fbem-5459	5	66	listed	list	VERB
fbem-5459	5	67	enterprises	enterprise	NOUN
fbem-5459	5	68	is	be	AUX
fbem-5459	5	69	affected	affect	VERB
fbem-5459	5	70	by	by	ADP
fbem-5459	5	71	the	the	DET
fbem-5459	5	72	equity	equity	NOUN
fbem-5459	5	73	incentive	incentive	PROPN
fbem-5459	5	74	model	model	NOUN
fbem-5459	5	75	;	;	PUNCT
fbem-5459	5	76	(	(	PUNCT
fbem-5459	5	77	2	2	X
fbem-5459	5	78	)	)	PUNCT
fbem-5459	5	79	what	what	PRON
fbem-5459	5	80	kind	kind	NOUN
fbem-5459	5	81	of	of	ADP
fbem-5459	5	82	impact	impact	NOUN
fbem-5459	5	83	will	will	AUX
fbem-5459	5	84	different	different	ADJ
fbem-5459	5	85	life	life	NOUN
fbem-5459	5	86	cycle	cycle	NOUN
fbem-5459	5	87	stages	stage	NOUN
fbem-5459	5	88	have	have	VERB
fbem-5459	5	89	on	on	ADP
fbem-5459	5	90	the	the	DET
fbem-5459	5	91	relationship	relationship	NOUN
fbem-5459	5	92	between	between	ADP
fbem-5459	5	93	innovation	innovation	NOUN
fbem-5459	5	94	performance	performance	NOUN
fbem-5459	5	95	and	and	CCONJ
fbem-5459	5	96	equity	equity	NOUN
fbem-5459	5	97	incentive	incentive	NOUN
fbem-5459	5	98	of	of	ADP
fbem-5459	5	99	a	a	DET
fbem-5459	5	100	-	-	PUNCT
fbem-5459	5	101	share	share	NOUN
fbem-5459	5	102	listed	list	VERB
fbem-5459	5	103	companies	company	NOUN
fbem-5459	5	104	;	;	PUNCT
fbem-5459	5	105	(	(	PUNCT
fbem-5459	5	106	3	3	X
fbem-5459	5	107	)	)	PUNCT
fbem-5459	5	108	what	what	PRON
fbem-5459	5	109	kind	kind	NOUN
fbem-5459	5	110	of	of	ADP
fbem-5459	5	111	impact	impact	NOUN
fbem-5459	5	112	will	will	AUX
fbem-5459	5	113	different	different	ADJ
fbem-5459	5	114	life	life	NOUN
fbem-5459	5	115	cycle	cycle	NOUN
fbem-5459	5	116	stages	stage	NOUN
fbem-5459	5	117	have	have	VERB
fbem-5459	5	118	on	on	ADP
fbem-5459	5	119	the	the	DET
fbem-5459	5	120	relationship	relationship	NOUN
fbem-5459	5	121	between	between	ADP
fbem-5459	5	122	equity	equity	NOUN
fbem-5459	5	123	incentive	incentive	NOUN
fbem-5459	5	124	models	model	NOUN
fbem-5459	5	125	and	and	CCONJ
fbem-5459	5	126	innovation	innovation	NOUN
fbem-5459	5	127	performance	performance	NOUN
fbem-5459	5	128	of	of	ADP
fbem-5459	5	129	a	a	DET
fbem-5459	5	130	-	-	PUNCT
fbem-5459	5	131	share	share	NOUN
fbem-5459	5	132	listed	list	VERB
fbem-5459	5	133	enterprises	enterprise	NOUN
fbem-5459	5	134	.	.	PUNCT
fbem-5459	6	1	keywords	keyword	NOUN
fbem-5459	6	2	:	:	PUNCT
fbem-5459	6	3	equity	equity	NOUN
fbem-5459	6	4	incentive	incentive	NOUN
fbem-5459	6	5	,	,	PUNCT
fbem-5459	6	6	life	life	NOUN
fbem-5459	6	7	cycle	cycle	NOUN
fbem-5459	6	8	,	,	PUNCT
fbem-5459	6	9	innovation	innovation	NOUN
fbem-5459	6	10	performance	performance	NOUN
fbem-5459	6	11	,	,	PUNCT
fbem-5459	6	12	stock	stock	NOUN
fbem-5459	6	13	option	option	NOUN
fbem-5459	6	14	,	,	PUNCT
fbem-5459	6	15	restricted	restrict	VERB
fbem-5459	6	16	stock	stock	NOUN
fbem-5459	6	17	.	.	PUNCT
fbem-5459	7	1	1	1	X
fbem-5459	7	2	.	.	X
fbem-5459	7	3	introduction	introduction	NOUN
fbem-5459	7	4	innovation	innovation	NOUN
fbem-5459	7	5	is	be	AUX
fbem-5459	7	6	an	an	DET
fbem-5459	7	7	important	important	ADJ
fbem-5459	7	8	engine	engine	NOUN
fbem-5459	7	9	of	of	ADP
fbem-5459	7	10	economic	economic	ADJ
fbem-5459	7	11	growth	growth	NOUN
fbem-5459	7	12	and	and	CCONJ
fbem-5459	7	13	a	a	DET
fbem-5459	7	14	key	key	ADJ
fbem-5459	7	15	driver	driver	NOUN
fbem-5459	7	16	of	of	ADP
fbem-5459	7	17	economic	economic	ADJ
fbem-5459	7	18	growth	growth	NOUN
fbem-5459	7	19	.	.	PUNCT
fbem-5459	8	1	moreover	moreover	ADV
fbem-5459	8	2	,	,	PUNCT
fbem-5459	8	3	at	at	ADP
fbem-5459	8	4	present	present	ADJ
fbem-5459	8	5	,	,	PUNCT
fbem-5459	8	6	the	the	DET
fbem-5459	8	7	two	two	NUM
fbem-5459	8	8	hot	hot	ADJ
fbem-5459	8	9	topics	topic	NOUN
fbem-5459	8	10	that	that	PRON
fbem-5459	8	11	most	most	ADJ
fbem-5459	8	12	chinese	chinese	ADJ
fbem-5459	8	13	entrepreneurs	entrepreneur	NOUN
fbem-5459	8	14	and	and	CCONJ
fbem-5459	8	15	scholars	scholar	NOUN
fbem-5459	8	16	in	in	ADP
fbem-5459	8	17	academia	academia	NOUN
fbem-5459	8	18	pay	pay	VERB
fbem-5459	8	19	attention	attention	NOUN
fbem-5459	8	20	to	to	PART
fbem-5459	8	21	are	are	VERB
fbem-5459	8	22	the	the	DET
fbem-5459	8	23	formation	formation	NOUN
fbem-5459	8	24	of	of	ADP
fbem-5459	8	25	long	long	ADJ
fbem-5459	8	26	-	-	PUNCT
fbem-5459	8	27	term	term	NOUN
fbem-5459	8	28	competitive	competitive	ADJ
fbem-5459	8	29	advantages	advantage	NOUN
fbem-5459	8	30	of	of	ADP
fbem-5459	8	31	companies	company	NOUN
fbem-5459	8	32	and	and	CCONJ
fbem-5459	8	33	how	how	SCONJ
fbem-5459	8	34	to	to	PART
fbem-5459	8	35	stimulate	stimulate	VERB
fbem-5459	8	36	and	and	CCONJ
fbem-5459	8	37	promote	promote	VERB
fbem-5459	8	38	business	business	NOUN
fbem-5459	8	39	innovation	innovation	NOUN
fbem-5459	8	40	.	.	PUNCT
fbem-5459	9	1	the	the	DET
fbem-5459	9	2	chinese	chinese	ADJ
fbem-5459	9	3	government	government	NOUN
fbem-5459	9	4	has	have	AUX
fbem-5459	9	5	clearly	clearly	ADV
fbem-5459	9	6	pointed	point	VERB
fbem-5459	9	7	out	out	ADP
fbem-5459	9	8	that	that	SCONJ
fbem-5459	9	9	it	it	PRON
fbem-5459	9	10	is	be	AUX
fbem-5459	9	11	necessary	necessary	ADJ
fbem-5459	9	12	to	to	PART
fbem-5459	9	13	promote	promote	VERB
fbem-5459	9	14	china	china	PROPN
fbem-5459	9	15	's	's	PART
fbem-5459	9	16	economic	economic	ADJ
fbem-5459	9	17	development	development	NOUN
fbem-5459	9	18	and	and	CCONJ
fbem-5459	9	19	implement	implement	VERB
fbem-5459	9	20	"	"	PUNCT
fbem-5459	9	21	mass	mass	ADJ
fbem-5459	9	22	entrepreneurship	entrepreneurship	NOUN
fbem-5459	9	23	and	and	CCONJ
fbem-5459	9	24	innovation	innovation	NOUN
fbem-5459	9	25	"	"	PUNCT
fbem-5459	9	26	.	.	PUNCT
fbem-5459	10	1	the	the	DET
fbem-5459	10	2	implementation	implementation	NOUN
fbem-5459	10	3	of	of	ADP
fbem-5459	10	4	these	these	DET
fbem-5459	10	5	policies	policy	NOUN
fbem-5459	10	6	all	all	PRON
fbem-5459	10	7	reflects	reflect	VERB
fbem-5459	10	8	that	that	SCONJ
fbem-5459	10	9	the	the	DET
fbem-5459	10	10	chinese	chinese	ADJ
fbem-5459	10	11	government	government	NOUN
fbem-5459	10	12	believes	believe	VERB
fbem-5459	10	13	that	that	SCONJ
fbem-5459	10	14	equity	equity	NOUN
fbem-5459	10	15	incentive	incentive	NOUN
fbem-5459	10	16	is	be	AUX
fbem-5459	10	17	feasible	feasible	ADJ
fbem-5459	10	18	in	in	ADP
fbem-5459	10	19	stimulating	stimulate	VERB
fbem-5459	10	20	corporate	corporate	ADJ
fbem-5459	10	21	innovation	innovation	NOUN
fbem-5459	10	22	.	.	PUNCT
fbem-5459	11	1	the	the	DET
fbem-5459	11	2	purpose	purpose	NOUN
fbem-5459	11	3	of	of	ADP
fbem-5459	11	4	this	this	DET
fbem-5459	11	5	paper	paper	NOUN
fbem-5459	11	6	is	be	AUX
fbem-5459	11	7	to	to	PART
fbem-5459	11	8	explore	explore	VERB
fbem-5459	11	9	the	the	DET
fbem-5459	11	10	impact	impact	NOUN
fbem-5459	11	11	of	of	ADP
fbem-5459	11	12	life	life	NOUN
fbem-5459	11	13	cycle	cycle	NOUN
fbem-5459	11	14	heterogeneity	heterogeneity	NOUN
fbem-5459	11	15	on	on	ADP
fbem-5459	11	16	the	the	DET
fbem-5459	11	17	effect	effect	NOUN
fbem-5459	11	18	of	of	ADP
fbem-5459	11	19	equity	equity	NOUN
fbem-5459	11	20	incentives	incentive	NOUN
fbem-5459	11	21	in	in	ADP
fbem-5459	11	22	the	the	DET
fbem-5459	11	23	existing	exist	VERB
fbem-5459	11	24	policy	policy	NOUN
fbem-5459	11	25	context	context	NOUN
fbem-5459	11	26	,	,	PUNCT
fbem-5459	11	27	and	and	CCONJ
fbem-5459	11	28	to	to	PART
fbem-5459	11	29	start	start	VERB
fbem-5459	11	30	the	the	DET
fbem-5459	11	31	discussion	discussion	NOUN
fbem-5459	11	32	with	with	ADP
fbem-5459	11	33	innovation	innovation	NOUN
fbem-5459	11	34	performance	performance	NOUN
fbem-5459	11	35	as	as	ADP
fbem-5459	11	36	the	the	DET
fbem-5459	11	37	measure	measure	NOUN
fbem-5459	11	38	.	.	PUNCT
fbem-5459	12	1	2	2	X
fbem-5459	12	2	.	.	X
fbem-5459	12	3	literature	literature	NOUN
fbem-5459	12	4	review	review	PROPN
fbem-5459	12	5	and	and	CCONJ
fbem-5459	12	6	hypothesis	hypothesis	NOUN
fbem-5459	12	7	development	development	NOUN
fbem-5459	12	8	stock	stock	NOUN
fbem-5459	12	9	option	option	NOUN
fbem-5459	12	10	by	by	ADP
fbem-5459	12	11	definition	definition	NOUN
fbem-5459	12	12	refers	refer	VERB
fbem-5459	12	13	to	to	ADP
fbem-5459	12	14	the	the	DET
fbem-5459	12	15	right	right	NOUN
fbem-5459	12	16	to	to	PART
fbem-5459	12	17	get	get	VERB
fbem-5459	12	18	the	the	DET
fbem-5459	12	19	corresponding	corresponding	ADJ
fbem-5459	12	20	number	number	NOUN
fbem-5459	12	21	of	of	ADP
fbem-5459	12	22	shares	share	NOUN
fbem-5459	12	23	at	at	ADP
fbem-5459	12	24	a	a	DET
fbem-5459	12	25	certain	certain	ADJ
fbem-5459	12	26	stage	stage	NOUN
fbem-5459	12	27	in	in	ADP
fbem-5459	12	28	the	the	DET
fbem-5459	12	29	future	future	NOUN
fbem-5459	12	30	under	under	ADP
fbem-5459	12	31	certain	certain	ADJ
fbem-5459	12	32	conditions	condition	NOUN
fbem-5459	12	33	and	and	CCONJ
fbem-5459	12	34	prices	price	NOUN
fbem-5459	12	35	.	.	PUNCT
fbem-5459	13	1	the	the	DET
fbem-5459	13	2	beneficiary	beneficiary	NOUN
fbem-5459	13	3	of	of	ADP
fbem-5459	13	4	the	the	DET
fbem-5459	13	5	incentive	incentive	NOUN
fbem-5459	13	6	has	have	VERB
fbem-5459	13	7	the	the	DET
fbem-5459	13	8	right	right	NOUN
fbem-5459	13	9	to	to	PART
fbem-5459	13	10	choose	choose	VERB
fbem-5459	13	11	whether	whether	SCONJ
fbem-5459	13	12	to	to	PART
fbem-5459	13	13	get	get	VERB
fbem-5459	13	14	any	any	DET
fbem-5459	13	15	shares	share	NOUN
fbem-5459	13	16	according	accord	VERB
fbem-5459	13	17	to	to	ADP
fbem-5459	13	18	his	his	PRON
fbem-5459	13	19	/	/	SYM
fbem-5459	13	20	her	her	PRON
fbem-5459	13	21	personal	personal	ADJ
fbem-5459	13	22	will	will	NOUN
fbem-5459	13	23	during	during	ADP
fbem-5459	13	24	the	the	DET
fbem-5459	13	25	exercise	exercise	NOUN
fbem-5459	13	26	period	period	NOUN
fbem-5459	13	27	.	.	PUNCT
fbem-5459	14	1	restricted	restrict	VERB
fbem-5459	14	2	stock	stock	NOUN
fbem-5459	14	3	incentive	incentive	NOUN
fbem-5459	14	4	objects	object	NOUN
fbem-5459	14	5	must	must	AUX
fbem-5459	14	6	use	use	VERB
fbem-5459	14	7	their	their	PRON
fbem-5459	14	8	own	own	ADJ
fbem-5459	14	9	funds	fund	NOUN
fbem-5459	14	10	to	to	PART
fbem-5459	14	11	purchase	purchase	VERB
fbem-5459	14	12	the	the	DET
fbem-5459	14	13	granted	grant	VERB
fbem-5459	14	14	shares	share	NOUN
fbem-5459	14	15	within	within	ADP
fbem-5459	14	16	the	the	DET
fbem-5459	14	17	specified	specified	ADJ
fbem-5459	14	18	period	period	NOUN
fbem-5459	14	19	,	,	PUNCT
fbem-5459	14	20	and	and	CCONJ
fbem-5459	14	21	the	the	DET
fbem-5459	14	22	exercise	exercise	NOUN
fbem-5459	14	23	conditions	condition	NOUN
fbem-5459	14	24	are	be	AUX
fbem-5459	14	25	stricter	strict	ADJ
fbem-5459	14	26	than	than	ADP
fbem-5459	14	27	those	those	PRON
fbem-5459	14	28	of	of	ADP
fbem-5459	14	29	stock	stock	NOUN
fbem-5459	14	30	options	option	NOUN
fbem-5459	14	31	.	.	PUNCT
fbem-5459	15	1	many	many	ADJ
fbem-5459	15	2	studies	study	NOUN
fbem-5459	15	3	have	have	AUX
fbem-5459	15	4	confirmed	confirm	VERB
fbem-5459	15	5	that	that	SCONJ
fbem-5459	15	6	one	one	NUM
fbem-5459	15	7	of	of	ADP
fbem-5459	15	8	the	the	DET
fbem-5459	15	9	most	most	ADV
fbem-5459	15	10	obvious	obvious	ADJ
fbem-5459	15	11	differences	difference	NOUN
fbem-5459	15	12	between	between	ADP
fbem-5459	15	13	the	the	DET
fbem-5459	15	14	two	two	NUM
fbem-5459	15	15	types	type	NOUN
fbem-5459	15	16	of	of	ADP
fbem-5459	15	17	equity	equity	NOUN
fbem-5459	15	18	incentives	incentive	NOUN
fbem-5459	15	19	is	be	AUX
fbem-5459	15	20	the	the	DET
fbem-5459	15	21	difference	difference	NOUN
fbem-5459	15	22	in	in	ADP
fbem-5459	15	23	rights	right	NOUN
fbem-5459	15	24	and	and	CCONJ
fbem-5459	15	25	obligations	obligation	NOUN
fbem-5459	15	26	.	.	PUNCT
fbem-5459	16	1	the	the	DET
fbem-5459	16	2	incentive	incentive	NOUN
fbem-5459	16	3	object	object	NOUN
fbem-5459	16	4	of	of	ADP
fbem-5459	16	5	restricted	restricted	ADJ
fbem-5459	16	6	stock	stock	NOUN
fbem-5459	16	7	is	be	AUX
fbem-5459	16	8	obliged	oblige	VERB
fbem-5459	16	9	to	to	PART
fbem-5459	16	10	purchase	purchase	VERB
fbem-5459	16	11	the	the	DET
fbem-5459	16	12	stock	stock	NOUN
fbem-5459	16	13	with	with	ADP
fbem-5459	16	14	its	its	PRON
fbem-5459	16	15	own	own	ADJ
fbem-5459	16	16	capital	capital	NOUN
fbem-5459	16	17	when	when	SCONJ
fbem-5459	16	18	the	the	DET
fbem-5459	16	19	stock	stock	NOUN
fbem-5459	16	20	is	be	AUX
fbem-5459	16	21	granted	grant	VERB
fbem-5459	16	22	.	.	PUNCT
fbem-5459	17	1	only	only	ADV
fbem-5459	17	2	when	when	SCONJ
fbem-5459	17	3	the	the	DET
fbem-5459	17	4	company	company	NOUN
fbem-5459	17	5	meets	meet	VERB
fbem-5459	17	6	the	the	DET
fbem-5459	17	7	agreed	agree	VERB
fbem-5459	17	8	vesting	vest	VERB
fbem-5459	17	9	conditions	condition	NOUN
fbem-5459	17	10	and	and	CCONJ
fbem-5459	17	11	unlocking	unlock	VERB
fbem-5459	17	12	conditions	condition	NOUN
fbem-5459	17	13	,	,	PUNCT
fbem-5459	17	14	the	the	DET
fbem-5459	17	15	incentive	incentive	NOUN
fbem-5459	17	16	object	object	NOUN
fbem-5459	17	17	has	have	VERB
fbem-5459	17	18	the	the	DET
fbem-5459	17	19	right	right	NOUN
fbem-5459	17	20	to	to	PART
fbem-5459	17	21	sell	sell	VERB
fbem-5459	17	22	the	the	DET
fbem-5459	17	23	granted	grant	VERB
fbem-5459	17	24	stock	stock	NOUN
fbem-5459	17	25	.	.	PUNCT
fbem-5459	18	1	that	that	PRON
fbem-5459	18	2	is	be	AUX
fbem-5459	18	3	to	to	PART
fbem-5459	18	4	say	say	VERB
fbem-5459	18	5	,	,	PUNCT
fbem-5459	18	6	the	the	DET
fbem-5459	18	7	grantee	grantee	NOUN
fbem-5459	18	8	of	of	ADP
fbem-5459	18	9	restricted	restricted	ADJ
fbem-5459	18	10	stock	stock	NOUN
fbem-5459	18	11	has	have	AUX
fbem-5459	18	12	sunk	sink	VERB
fbem-5459	18	13	costs	cost	NOUN
fbem-5459	18	14	.	.	PUNCT
fbem-5459	19	1	when	when	SCONJ
fbem-5459	19	2	the	the	DET
fbem-5459	19	3	grantee	grantee	NOUN
fbem-5459	19	4	fails	fail	VERB
fbem-5459	19	5	to	to	PART
fbem-5459	19	6	complete	complete	VERB
fbem-5459	19	7	the	the	DET
fbem-5459	19	8	agreed	agree	VERB
fbem-5459	19	9	performance	performance	NOUN
fbem-5459	19	10	or	or	CCONJ
fbem-5459	19	11	the	the	DET
fbem-5459	19	12	stock	stock	NOUN
fbem-5459	19	13	price	price	NOUN
fbem-5459	19	14	falls	fall	VERB
fbem-5459	19	15	below	below	ADP
fbem-5459	19	16	the	the	DET
fbem-5459	19	17	purchase	purchase	NOUN
fbem-5459	19	18	price	price	NOUN
fbem-5459	19	19	due	due	ADP
fbem-5459	19	20	to	to	ADP
fbem-5459	19	21	market	market	NOUN
fbem-5459	19	22	failure	failure	NOUN
fbem-5459	19	23	,	,	PUNCT
fbem-5459	19	24	the	the	DET
fbem-5459	19	25	grantee	grantee	NOUN
fbem-5459	19	26	will	will	AUX
fbem-5459	19	27	suffer	suffer	VERB
fbem-5459	19	28	partial	partial	ADJ
fbem-5459	19	29	losses	loss	NOUN
fbem-5459	19	30	.	.	PUNCT
fbem-5459	20	1	therefore	therefore	ADV
fbem-5459	20	2	,	,	PUNCT
fbem-5459	20	3	restricted	restrict	VERB
fbem-5459	20	4	stock	stock	NOUN
fbem-5459	20	5	is	be	AUX
fbem-5459	20	6	more	more	ADV
fbem-5459	20	7	binding	binding	ADJ
fbem-5459	20	8	than	than	ADP
fbem-5459	20	9	stock	stock	NOUN
fbem-5459	20	10	options[1	options[1	NOUN
fbem-5459	20	11	]	]	PUNCT
fbem-5459	20	12	.	.	PUNCT
fbem-5459	21	1	however	however	ADV
fbem-5459	21	2	,	,	PUNCT
fbem-5459	21	3	stock	stock	NOUN
fbem-5459	21	4	options	option	NOUN
fbem-5459	21	5	are	be	AUX
fbem-5459	21	6	more	more	ADV
fbem-5459	21	7	like	like	ADP
fbem-5459	21	8	an	an	DET
fbem-5459	21	9	option	option	NOUN
fbem-5459	21	10	incentive	incentive	NOUN
fbem-5459	21	11	granted	grant	VERB
fbem-5459	21	12	free	free	ADJ
fbem-5459	21	13	of	of	ADP
fbem-5459	21	14	charge	charge	NOUN
fbem-5459	21	15	,	,	PUNCT
fbem-5459	21	16	and	and	CCONJ
fbem-5459	21	17	the	the	DET
fbem-5459	21	18	grantee	grantee	NOUN
fbem-5459	21	19	has	have	VERB
fbem-5459	21	20	no	no	DET
fbem-5459	21	21	option	option	NOUN
fbem-5459	21	22	purchase	purchase	NOUN
fbem-5459	21	23	cost	cost	NOUN
fbem-5459	21	24	.	.	PUNCT
fbem-5459	22	1	the	the	DET
fbem-5459	22	2	minimum	minimum	ADJ
fbem-5459	22	3	expected	expect	VERB
fbem-5459	22	4	value	value	NOUN
fbem-5459	22	5	of	of	ADP
fbem-5459	22	6	future	future	ADJ
fbem-5459	22	7	earnings	earning	NOUN
fbem-5459	22	8	is	be	AUX
fbem-5459	22	9	0	0	NUM
fbem-5459	22	10	,	,	PUNCT
fbem-5459	22	11	that	that	ADV
fbem-5459	22	12	is	is	ADV
fbem-5459	22	13	,	,	PUNCT
fbem-5459	22	14	when	when	SCONJ
fbem-5459	22	15	the	the	DET
fbem-5459	22	16	performance	performance	NOUN
fbem-5459	22	17	fails	fail	VERB
fbem-5459	22	18	to	to	PART
fbem-5459	22	19	be	be	AUX
fbem-5459	22	20	achieved	achieve	VERB
fbem-5459	22	21	and	and	CCONJ
fbem-5459	22	22	the	the	DET
fbem-5459	22	23	stock	stock	NOUN
fbem-5459	22	24	can	can	AUX
fbem-5459	22	25	not	not	PART
fbem-5459	22	26	be	be	AUX
fbem-5459	22	27	purchased	purchase	VERB
fbem-5459	22	28	at	at	ADP
fbem-5459	22	29	the	the	DET
fbem-5459	22	30	agreed	agree	VERB
fbem-5459	22	31	price	price	NOUN
fbem-5459	22	32	,	,	PUNCT
fbem-5459	22	33	the	the	DET
fbem-5459	22	34	grantees	grantee	NOUN
fbem-5459	22	35	can	can	AUX
fbem-5459	22	36	unconditionally	unconditionally	ADV
fbem-5459	22	37	give	give	VERB
fbem-5459	22	38	up	up	ADP
fbem-5459	22	39	this	this	DET
fbem-5459	22	40	right	right	NOUN
fbem-5459	22	41	and	and	CCONJ
fbem-5459	22	42	do	do	AUX
fbem-5459	22	43	not	not	PART
fbem-5459	22	44	have	have	VERB
fbem-5459	22	45	to	to	PART
fbem-5459	22	46	bear	bear	VERB
fbem-5459	22	47	the	the	DET
fbem-5459	22	48	loss	loss	NOUN
fbem-5459	22	49	of	of	ADP
fbem-5459	22	50	stock	stock	NOUN
fbem-5459	22	51	price	price	NOUN
fbem-5459	22	52	decline	decline	NOUN
fbem-5459	22	53	caused	cause	VERB
fbem-5459	22	54	by	by	ADP
fbem-5459	22	55	the	the	DET
fbem-5459	22	56	chaos	chaos	NOUN
fbem-5459	22	57	of	of	ADP
fbem-5459	22	58	the	the	DET
fbem-5459	22	59	capital	capital	NOUN
fbem-5459	22	60	market	market	NOUN
fbem-5459	22	61	or	or	CCONJ
fbem-5459	22	62	the	the	DET
fbem-5459	22	63	company	company	NOUN
fbem-5459	22	64	's	's	PART
fbem-5459	22	65	poor	poor	ADJ
fbem-5459	22	66	business	business	NOUN
fbem-5459	22	67	performance[10	performance[10	X
fbem-5459	22	68	]	]	PUNCT
fbem-5459	22	69	;	;	PUNCT
fbem-5459	22	70	there	there	PRON
fbem-5459	22	71	is	be	VERB
fbem-5459	22	72	no	no	DET
fbem-5459	22	73	upper	upper	ADJ
fbem-5459	22	74	limit	limit	NOUN
fbem-5459	22	75	on	on	ADP
fbem-5459	22	76	the	the	DET
fbem-5459	22	77	maximum	maximum	ADJ
fbem-5459	22	78	expected	expect	VERB
fbem-5459	22	79	future	future	ADJ
fbem-5459	22	80	earnings	earning	NOUN
fbem-5459	22	81	,	,	PUNCT
fbem-5459	22	82	depending	depend	VERB
fbem-5459	22	83	on	on	ADP
fbem-5459	22	84	the	the	DET
fbem-5459	22	85	company	company	NOUN
fbem-5459	22	86	's	's	PART
fbem-5459	22	87	share	share	NOUN
fbem-5459	22	88	price	price	NOUN
fbem-5459	22	89	and	and	CCONJ
fbem-5459	22	90	the	the	DET
fbem-5459	22	91	realization	realization	NOUN
fbem-5459	22	92	of	of	ADP
fbem-5459	22	93	agreed	agree	VERB
fbem-5459	22	94	terms	term	NOUN
fbem-5459	22	95	.	.	PUNCT
fbem-5459	23	1	since	since	SCONJ
fbem-5459	23	2	the	the	DET
fbem-5459	23	3	incentive	incentive	NOUN
fbem-5459	23	4	and	and	CCONJ
fbem-5459	23	5	penalty	penalty	NOUN
fbem-5459	23	6	effects	effect	NOUN
fbem-5459	23	7	of	of	ADP
fbem-5459	23	8	different	different	ADJ
fbem-5459	23	9	stock	stock	NOUN
fbem-5459	23	10	incentive	incentive	NOUN
fbem-5459	23	11	methods	method	NOUN
fbem-5459	23	12	are	be	AUX
fbem-5459	23	13	different	different	ADJ
fbem-5459	23	14	,	,	PUNCT
fbem-5459	23	15	the	the	DET
fbem-5459	23	16	incentive	incentive	NOUN
fbem-5459	23	17	and	and	CCONJ
fbem-5459	23	18	penalty	penalty	NOUN
fbem-5459	23	19	effects	effect	NOUN
fbem-5459	23	20	of	of	ADP
fbem-5459	23	21	stock	stock	NOUN
fbem-5459	23	22	options	option	NOUN
fbem-5459	23	23	are	be	AUX
fbem-5459	23	24	asymmetric	asymmetric	ADJ
fbem-5459	23	25	.	.	PUNCT
fbem-5459	24	1	since	since	SCONJ
fbem-5459	24	2	incentive	incentive	NOUN
fbem-5459	24	3	subjects	subject	NOUN
fbem-5459	24	4	have	have	VERB
fbem-5459	24	5	the	the	DET
fbem-5459	24	6	right	right	NOUN
fbem-5459	24	7	,	,	PUNCT
fbem-5459	24	8	but	but	CCONJ
fbem-5459	24	9	not	not	PART
fbem-5459	24	10	the	the	DET
fbem-5459	24	11	obligation	obligation	NOUN
fbem-5459	24	12	,	,	PUNCT
fbem-5459	24	13	to	to	PART
fbem-5459	24	14	exercise	exercise	VERB
fbem-5459	24	15	their	their	PRON
fbem-5459	24	16	incentives	incentive	NOUN
fbem-5459	24	17	,	,	PUNCT
fbem-5459	24	18	they	they	PRON
fbem-5459	24	19	can	can	AUX
fbem-5459	24	20	avoid	avoid	VERB
fbem-5459	24	21	the	the	DET
fbem-5459	24	22	risk	risk	NOUN
fbem-5459	24	23	of	of	ADP
fbem-5459	24	24	market	market	NOUN
fbem-5459	24	25	failure	failure	NOUN
fbem-5459	24	26	by	by	ADP
fbem-5459	24	27	simply	simply	ADV
fbem-5459	24	28	forgoing	forgo	VERB
fbem-5459	24	29	the	the	DET
fbem-5459	24	30	exercise	exercise	NOUN
fbem-5459	24	31	of	of	ADP
fbem-5459	24	32	their	their	PRON
fbem-5459	24	33	options	option	NOUN
fbem-5459	24	34	.	.	PUNCT
fbem-5459	25	1	in	in	ADP
fbem-5459	25	2	contrast	contrast	NOUN
fbem-5459	25	3	,	,	PUNCT
fbem-5459	25	4	restricted	restrict	VERB
fbem-5459	25	5	stock	stock	NOUN
fbem-5459	25	6	requires	require	VERB
fbem-5459	25	7	the	the	DET
fbem-5459	25	8	incentive	incentive	NOUN
fbem-5459	25	9	to	to	PART
fbem-5459	25	10	buy	buy	VERB
fbem-5459	25	11	and	and	CCONJ
fbem-5459	25	12	hold	hold	VERB
fbem-5459	25	13	the	the	DET
fbem-5459	25	14	stock	stock	NOUN
fbem-5459	25	15	,	,	PUNCT
fbem-5459	25	16	and	and	CCONJ
fbem-5459	25	17	the	the	DET
fbem-5459	25	18	incentive	incentive	NOUN
fbem-5459	25	19	can	can	AUX
fbem-5459	25	20	only	only	ADV
fbem-5459	25	21	be	be	AUX
fbem-5459	25	22	exercised	exercise	VERB
fbem-5459	25	23	after	after	SCONJ
fbem-5459	25	24	the	the	DET
fbem-5459	25	25	release	release	NOUN
fbem-5459	25	26	conditions	condition	NOUN
fbem-5459	25	27	are	be	AUX
fbem-5459	25	28	met	meet	VERB
fbem-5459	25	29	,	,	PUNCT
fbem-5459	25	30	so	so	CCONJ
fbem-5459	25	31	the	the	DET
fbem-5459	25	32	incentive	incentive	NOUN
fbem-5459	25	33	must	must	AUX
fbem-5459	25	34	bear	bear	VERB
fbem-5459	25	35	the	the	DET
fbem-5459	25	36	risk	risk	NOUN
fbem-5459	25	37	of	of	ADP
fbem-5459	25	38	market	market	NOUN
fbem-5459	25	39	failure	failure	NOUN
fbem-5459	25	40	.	.	PUNCT
fbem-5459	26	1	therefore	therefore	ADV
fbem-5459	26	2	,	,	PUNCT
fbem-5459	26	3	stock	stock	NOUN
fbem-5459	26	4	options	option	NOUN
fbem-5459	26	5	have	have	VERB
fbem-5459	26	6	a	a	DET
fbem-5459	26	7	stronger	strong	ADJ
fbem-5459	26	8	risk	risk	NOUN
fbem-5459	26	9	-	-	PUNCT
fbem-5459	26	10	taking	take	VERB
fbem-5459	26	11	effect	effect	NOUN
fbem-5459	26	12	,	,	PUNCT
fbem-5459	26	13	which	which	PRON
fbem-5459	26	14	can	can	AUX
fbem-5459	26	15	effectively	effectively	ADV
fbem-5459	26	16	inhibit	inhibit	VERB
fbem-5459	26	17	the	the	DET
fbem-5459	26	18	risk	risk	NOUN
fbem-5459	26	19	aversion	aversion	NOUN
fbem-5459	26	20	of	of	ADP
fbem-5459	26	21	agents	agent	NOUN
fbem-5459	26	22	and	and	CCONJ
fbem-5459	26	23	promote	promote	VERB
fbem-5459	26	24	innovation	innovation	NOUN
fbem-5459	26	25	and	and	CCONJ
fbem-5459	26	26	other	other	ADJ
fbem-5459	26	27	risky	risky	ADJ
fbem-5459	26	28	investments	investment	NOUN
fbem-5459	26	29	[	[	X
fbem-5459	26	30	6	6	NUM
fbem-5459	26	31	-	-	SYM
fbem-5459	26	32	7	7	NUM
fbem-5459	26	33	]	]	PUNCT
fbem-5459	26	34	.	.	PUNCT
fbem-5459	27	1	therefore	therefore	ADV
fbem-5459	27	2	,	,	PUNCT
fbem-5459	27	3	we	we	PRON
fbem-5459	27	4	hypothesize	hypothesize	VERB
fbem-5459	27	5	that	that	SCONJ
fbem-5459	27	6	:	:	PUNCT
fbem-5459	27	7	h1	h1	X
fbem-5459	27	8	.	.	PUNCT
fbem-5459	28	1	stock	stock	NOUN
fbem-5459	28	2	options	option	NOUN
fbem-5459	28	3	and	and	CCONJ
fbem-5459	28	4	restricted	restrict	VERB
fbem-5459	28	5	stock	stock	NOUN
fbem-5459	28	6	have	have	VERB
fbem-5459	28	7	a	a	DET
fbem-5459	28	8	positive	positive	ADJ
fbem-5459	28	9	effect	effect	NOUN
fbem-5459	28	10	on	on	ADP
fbem-5459	28	11	corporate	corporate	ADJ
fbem-5459	28	12	innovation	innovation	NOUN
fbem-5459	28	13	performance	performance	NOUN
fbem-5459	28	14	,	,	PUNCT
fbem-5459	28	15	and	and	CCONJ
fbem-5459	28	16	compared	compare	VERB
fbem-5459	28	17	with	with	ADP
fbem-5459	28	18	restricted	restricted	ADJ
fbem-5459	28	19	stock	stock	NOUN
fbem-5459	28	20	,	,	PUNCT
fbem-5459	28	21	stock	stock	NOUN
fbem-5459	28	22	options	option	NOUN
fbem-5459	28	23	have	have	VERB
fbem-5459	28	24	a	a	DET
fbem-5459	28	25	more	more	ADV
fbem-5459	28	26	obvious	obvious	ADJ
fbem-5459	28	27	positive	positive	ADJ
fbem-5459	28	28	effect	effect	NOUN
fbem-5459	28	29	on	on	ADP
fbem-5459	28	30	corporate	corporate	ADJ
fbem-5459	28	31	innovation	innovation	NOUN
fbem-5459	28	32	performance	performance	NOUN
fbem-5459	28	33	.	.	PUNCT
fbem-5459	29	1	firms	firm	NOUN
fbem-5459	29	2	are	be	AUX
fbem-5459	29	3	in	in	ADP
fbem-5459	29	4	different	different	ADJ
fbem-5459	29	5	life	life	NOUN
fbem-5459	29	6	cycles	cycle	NOUN
fbem-5459	29	7	with	with	ADP
fbem-5459	29	8	different	different	ADJ
fbem-5459	29	9	stage	stage	NOUN
fbem-5459	29	10	characteristics	characteristic	NOUN
fbem-5459	29	11	.	.	PUNCT
fbem-5459	30	1	in	in	ADP
fbem-5459	30	2	the	the	DET
fbem-5459	30	3	growth	growth	NOUN
fbem-5459	30	4	phase	phase	NOUN
fbem-5459	30	5	,	,	PUNCT
fbem-5459	30	6	the	the	DET
fbem-5459	30	7	size	size	NOUN
fbem-5459	30	8	,	,	PUNCT
fbem-5459	30	9	sales	sale	NOUN
fbem-5459	30	10	volume	volume	NOUN
fbem-5459	30	11	,	,	PUNCT
fbem-5459	30	12	financial	financial	ADJ
fbem-5459	30	13	performance	performance	NOUN
fbem-5459	30	14	and	and	CCONJ
fbem-5459	30	15	brand	brand	NOUN
fbem-5459	30	16	awareness	awareness	NOUN
fbem-5459	30	17	of	of	ADP
fbem-5459	30	18	the	the	DET
fbem-5459	30	19	enterprise	enterprise	NOUN
fbem-5459	30	20	are	be	AUX
fbem-5459	30	21	improved	improve	VERB
fbem-5459	30	22	.	.	PUNCT
fbem-5459	31	1	from	from	ADP
fbem-5459	31	2	the	the	DET
fbem-5459	31	3	perspective	perspective	NOUN
fbem-5459	31	4	of	of	ADP
fbem-5459	31	5	incentives	incentive	NOUN
fbem-5459	31	6	and	and	CCONJ
fbem-5459	31	7	human	human	ADJ
fbem-5459	31	8	capital	capital	NOUN
fbem-5459	31	9	,	,	PUNCT
fbem-5459	31	10	through	through	ADP
fbem-5459	31	11	equity	equity	NOUN
fbem-5459	31	12	incentives	incentive	NOUN
fbem-5459	31	13	,	,	PUNCT
fbem-5459	31	14	managers	manager	NOUN
fbem-5459	31	15	and	and	CCONJ
fbem-5459	31	16	core	core	NOUN
fbem-5459	31	17	employees	employee	NOUN
fbem-5459	31	18	can	can	AUX
fbem-5459	31	19	enhance	enhance	VERB
fbem-5459	31	20	the	the	DET
fbem-5459	31	21	protagonist	protagonist	NOUN
fbem-5459	31	22	awareness	awareness	NOUN
fbem-5459	31	23	of	of	ADP
fbem-5459	31	24	the	the	DET
fbem-5459	31	25	company	company	NOUN
fbem-5459	31	26	,	,	PUNCT
fbem-5459	31	27	and	and	CCONJ
fbem-5459	31	28	closely	closely	ADV
fbem-5459	31	29	integrate	integrate	VERB
fbem-5459	31	30	it	it	PRON
fbem-5459	31	31	with	with	ADP
fbem-5459	31	32	the	the	DET
fbem-5459	31	33	development	development	NOUN
fbem-5459	31	34	of	of	ADP
fbem-5459	31	35	the	the	DET
fbem-5459	31	36	company	company	NOUN
fbem-5459	31	37	,	,	PUNCT
fbem-5459	31	38	so	so	SCONJ
fbem-5459	31	39	as	as	SCONJ
fbem-5459	31	40	to	to	PART
fbem-5459	31	41	obtain	obtain	VERB
fbem-5459	31	42	future	future	ADJ
fbem-5459	31	43	benefits	benefit	NOUN
fbem-5459	31	44	related	relate	VERB
fbem-5459	31	45	to	to	ADP
fbem-5459	31	46	the	the	DET
fbem-5459	31	47	longterm	longterm	ADJ
fbem-5459	31	48	performance	performance	NOUN
fbem-5459	31	49	of	of	ADP
fbem-5459	31	50	the	the	DET
fbem-5459	31	51	company	company	NOUN
fbem-5459	31	52	.	.	PUNCT
fbem-5459	32	1	motivated	motivated	ADJ
fbem-5459	32	2	managers	manager	NOUN
fbem-5459	32	3	will	will	AUX
fbem-5459	32	4	increase	increase	VERB
fbem-5459	32	5	investment	investment	NOUN
fbem-5459	32	6	in	in	ADP
fbem-5459	32	7	innovation	innovation	NOUN
fbem-5459	32	8	and	and	CCONJ
fbem-5459	32	9	strengthen	strengthen	VERB
fbem-5459	32	10	the	the	DET
fbem-5459	32	11	monitoring	monitoring	NOUN
fbem-5459	32	12	of	of	ADP
fbem-5459	32	13	the	the	DET
fbem-5459	32	14	innovation	innovation	NOUN
fbem-5459	32	15	process	process	NOUN
fbem-5459	32	16	,	,	PUNCT
fbem-5459	32	17	while	while	SCONJ
fbem-5459	32	18	motivated	motivated	ADJ
fbem-5459	32	19	174	174	NUM
fbem-5459	32	20	employees	employee	NOUN
fbem-5459	32	21	will	will	AUX
fbem-5459	32	22	actively	actively	ADV
fbem-5459	32	23	develop	develop	VERB
fbem-5459	32	24	new	new	ADJ
fbem-5459	32	25	technologies	technology	NOUN
fbem-5459	32	26	,	,	PUNCT
fbem-5459	32	27	processes	process	NOUN
fbem-5459	32	28	and	and	CCONJ
fbem-5459	32	29	products	product	NOUN
fbem-5459	32	30	,	,	PUNCT
fbem-5459	32	31	thus	thus	ADV
fbem-5459	32	32	improving	improve	VERB
fbem-5459	32	33	the	the	DET
fbem-5459	32	34	innovation	innovation	NOUN
fbem-5459	32	35	performance	performance	NOUN
fbem-5459	32	36	of	of	ADP
fbem-5459	32	37	enterprises	enterprise	NOUN
fbem-5459	32	38	.	.	PUNCT
fbem-5459	33	1	in	in	ADP
fbem-5459	33	2	addition	addition	NOUN
fbem-5459	33	3	,	,	PUNCT
fbem-5459	33	4	growing	grow	VERB
fbem-5459	33	5	companies	company	NOUN
fbem-5459	33	6	will	will	AUX
fbem-5459	33	7	also	also	ADV
fbem-5459	33	8	be	be	AUX
fbem-5459	33	9	constrained	constrain	VERB
fbem-5459	33	10	by	by	ADP
fbem-5459	33	11	funds	fund	NOUN
fbem-5459	33	12	,	,	PUNCT
fbem-5459	33	13	and	and	CCONJ
fbem-5459	33	14	they	they	PRON
fbem-5459	33	15	will	will	AUX
fbem-5459	33	16	not	not	PART
fbem-5459	33	17	have	have	VERB
fbem-5459	33	18	enough	enough	ADJ
fbem-5459	33	19	funds	fund	NOUN
fbem-5459	33	20	for	for	ADP
fbem-5459	33	21	immediate	immediate	ADJ
fbem-5459	33	22	incentives[2	incentives[2	PROPN
fbem-5459	33	23	]	]	PUNCT
fbem-5459	33	24	.	.	PUNCT
fbem-5459	34	1	therefore	therefore	ADV
fbem-5459	34	2	,	,	PUNCT
fbem-5459	34	3	in	in	ADP
fbem-5459	34	4	the	the	DET
fbem-5459	34	5	growth	growth	NOUN
fbem-5459	34	6	period	period	NOUN
fbem-5459	34	7	of	of	ADP
fbem-5459	34	8	enterprises	enterprise	NOUN
fbem-5459	34	9	,	,	PUNCT
fbem-5459	34	10	the	the	DET
fbem-5459	34	11	impact	impact	NOUN
fbem-5459	34	12	of	of	ADP
fbem-5459	34	13	the	the	DET
fbem-5459	34	14	application	application	NOUN
fbem-5459	34	15	of	of	ADP
fbem-5459	34	16	stock	stock	NOUN
fbem-5459	34	17	options	option	NOUN
fbem-5459	34	18	on	on	ADP
fbem-5459	34	19	innovation	innovation	NOUN
fbem-5459	34	20	performance	performance	NOUN
fbem-5459	34	21	will	will	AUX
fbem-5459	34	22	be	be	AUX
fbem-5459	34	23	more	more	ADV
fbem-5459	34	24	significant	significant	ADJ
fbem-5459	34	25	.	.	PUNCT
fbem-5459	35	1	in	in	ADP
fbem-5459	35	2	the	the	DET
fbem-5459	35	3	maturity	maturity	NOUN
fbem-5459	35	4	period	period	NOUN
fbem-5459	35	5	of	of	ADP
fbem-5459	35	6	the	the	DET
fbem-5459	35	7	company	company	NOUN
fbem-5459	35	8	,	,	PUNCT
fbem-5459	35	9	the	the	DET
fbem-5459	35	10	company	company	NOUN
fbem-5459	35	11	's	's	PART
fbem-5459	35	12	scale	scale	NOUN
fbem-5459	35	13	and	and	CCONJ
fbem-5459	35	14	profit	profit	NOUN
fbem-5459	35	15	are	be	AUX
fbem-5459	35	16	the	the	DET
fbem-5459	35	17	largest	large	ADJ
fbem-5459	35	18	,	,	PUNCT
fbem-5459	35	19	the	the	DET
fbem-5459	35	20	company	company	NOUN
fbem-5459	35	21	's	's	PART
fbem-5459	35	22	products	product	NOUN
fbem-5459	35	23	are	be	AUX
fbem-5459	35	24	gradually	gradually	ADV
fbem-5459	35	25	mature	mature	ADJ
fbem-5459	35	26	,	,	PUNCT
fbem-5459	35	27	the	the	DET
fbem-5459	35	28	market	market	NOUN
fbem-5459	35	29	share	share	NOUN
fbem-5459	35	30	and	and	CCONJ
fbem-5459	35	31	brand	brand	NOUN
fbem-5459	35	32	awareness	awareness	NOUN
fbem-5459	35	33	are	be	AUX
fbem-5459	35	34	constantly	constantly	ADV
fbem-5459	35	35	improving	improve	VERB
fbem-5459	35	36	,	,	PUNCT
fbem-5459	35	37	and	and	CCONJ
fbem-5459	35	38	the	the	DET
fbem-5459	35	39	profit	profit	NOUN
fbem-5459	35	40	is	be	AUX
fbem-5459	35	41	gradually	gradually	ADV
fbem-5459	35	42	stable	stable	ADJ
fbem-5459	35	43	.	.	PUNCT
fbem-5459	36	1	in	in	ADP
fbem-5459	36	2	terms	term	NOUN
fbem-5459	36	3	of	of	ADP
fbem-5459	36	4	operation	operation	NOUN
fbem-5459	36	5	,	,	PUNCT
fbem-5459	36	6	the	the	DET
fbem-5459	36	7	company	company	NOUN
fbem-5459	36	8	's	's	PART
fbem-5459	36	9	system	system	NOUN
fbem-5459	36	10	is	be	AUX
fbem-5459	36	11	very	very	ADV
fbem-5459	36	12	perfect	perfect	ADJ
fbem-5459	36	13	,	,	PUNCT
fbem-5459	36	14	and	and	CCONJ
fbem-5459	36	15	the	the	DET
fbem-5459	36	16	main	main	ADJ
fbem-5459	36	17	task	task	NOUN
fbem-5459	36	18	of	of	ADP
fbem-5459	36	19	the	the	DET
fbem-5459	36	20	company	company	NOUN
fbem-5459	36	21	at	at	ADP
fbem-5459	36	22	present	present	ADJ
fbem-5459	36	23	is	be	AUX
fbem-5459	36	24	to	to	PART
fbem-5459	36	25	stabilize	stabilize	VERB
fbem-5459	36	26	the	the	DET
fbem-5459	36	27	market	market	NOUN
fbem-5459	36	28	,	,	PUNCT
fbem-5459	36	29	maintain	maintain	VERB
fbem-5459	36	30	profitability[9	profitability[9	NOUN
fbem-5459	36	31	]	]	PUNCT
fbem-5459	36	32	,	,	PUNCT
fbem-5459	36	33	and	and	CCONJ
fbem-5459	36	34	prevent	prevent	VERB
fbem-5459	36	35	or	or	CCONJ
fbem-5459	36	36	delay	delay	VERB
fbem-5459	36	37	the	the	DET
fbem-5459	36	38	company	company	NOUN
fbem-5459	36	39	from	from	ADP
fbem-5459	36	40	stepping	step	VERB
fbem-5459	36	41	into	into	ADP
fbem-5459	36	42	the	the	DET
fbem-5459	36	43	next	next	ADJ
fbem-5459	36	44	life	life	NOUN
fbem-5459	36	45	cycle	cycle	NOUN
fbem-5459	36	46	.	.	PUNCT
fbem-5459	37	1	at	at	ADP
fbem-5459	37	2	this	this	DET
fbem-5459	37	3	time	time	NOUN
fbem-5459	37	4	,	,	PUNCT
fbem-5459	37	5	the	the	DET
fbem-5459	37	6	core	core	NOUN
fbem-5459	37	7	of	of	ADP
fbem-5459	37	8	equity	equity	NOUN
fbem-5459	37	9	incentive	incentive	NOUN
fbem-5459	37	10	is	be	AUX
fbem-5459	37	11	to	to	PART
fbem-5459	37	12	reduce	reduce	VERB
fbem-5459	37	13	the	the	DET
fbem-5459	37	14	speculative	speculative	ADJ
fbem-5459	37	15	behavior	behavior	NOUN
fbem-5459	37	16	of	of	ADP
fbem-5459	37	17	managers	manager	NOUN
fbem-5459	37	18	and	and	CCONJ
fbem-5459	37	19	make	make	VERB
fbem-5459	37	20	them	they	PRON
fbem-5459	37	21	pay	pay	VERB
fbem-5459	37	22	attention	attention	NOUN
fbem-5459	37	23	to	to	ADP
fbem-5459	37	24	the	the	DET
fbem-5459	37	25	stability	stability	NOUN
fbem-5459	37	26	and	and	CCONJ
fbem-5459	37	27	profitability	profitability	NOUN
fbem-5459	37	28	of	of	ADP
fbem-5459	37	29	enterprises	enterprise	NOUN
fbem-5459	37	30	.	.	PUNCT
fbem-5459	38	1	when	when	SCONJ
fbem-5459	38	2	the	the	DET
fbem-5459	38	3	enterprise	enterprise	NOUN
fbem-5459	38	4	enters	enter	VERB
fbem-5459	38	5	the	the	DET
fbem-5459	38	6	recession	recession	NOUN
fbem-5459	38	7	period	period	NOUN
fbem-5459	38	8	,	,	PUNCT
fbem-5459	38	9	the	the	DET
fbem-5459	38	10	business	business	NOUN
fbem-5459	38	11	situation	situation	NOUN
fbem-5459	38	12	will	will	AUX
fbem-5459	38	13	undergo	undergo	VERB
fbem-5459	38	14	tremendous	tremendous	ADJ
fbem-5459	38	15	changes	change	NOUN
fbem-5459	38	16	.	.	PUNCT
fbem-5459	39	1	after	after	ADP
fbem-5459	39	2	the	the	DET
fbem-5459	39	3	expansion	expansion	NOUN
fbem-5459	39	4	and	and	CCONJ
fbem-5459	39	5	development	development	NOUN
fbem-5459	39	6	of	of	ADP
fbem-5459	39	7	the	the	DET
fbem-5459	39	8	growth	growth	NOUN
fbem-5459	39	9	period	period	NOUN
fbem-5459	39	10	and	and	CCONJ
fbem-5459	39	11	the	the	DET
fbem-5459	39	12	prosperity	prosperity	NOUN
fbem-5459	39	13	and	and	CCONJ
fbem-5459	39	14	stability	stability	NOUN
fbem-5459	39	15	of	of	ADP
fbem-5459	39	16	the	the	DET
fbem-5459	39	17	maturity	maturity	NOUN
fbem-5459	39	18	period	period	NOUN
fbem-5459	39	19	,	,	PUNCT
fbem-5459	39	20	the	the	DET
fbem-5459	39	21	scale	scale	NOUN
fbem-5459	39	22	of	of	ADP
fbem-5459	39	23	the	the	DET
fbem-5459	39	24	company	company	NOUN
fbem-5459	39	25	begins	begin	VERB
fbem-5459	39	26	to	to	PART
fbem-5459	39	27	become	become	VERB
fbem-5459	39	28	redundant	redundant	ADJ
fbem-5459	39	29	,	,	PUNCT
fbem-5459	39	30	with	with	ADP
fbem-5459	39	31	higher	high	ADJ
fbem-5459	39	32	and	and	CCONJ
fbem-5459	39	33	higher	high	ADJ
fbem-5459	39	34	management	management	NOUN
fbem-5459	39	35	costs	cost	NOUN
fbem-5459	39	36	and	and	CCONJ
fbem-5459	39	37	lower	low	ADJ
fbem-5459	39	38	and	and	CCONJ
fbem-5459	39	39	lower	low	ADJ
fbem-5459	39	40	profits	profit	NOUN
fbem-5459	39	41	.	.	PUNCT
fbem-5459	40	1	at	at	ADP
fbem-5459	40	2	this	this	DET
fbem-5459	40	3	time	time	NOUN
fbem-5459	40	4	,	,	PUNCT
fbem-5459	40	5	the	the	DET
fbem-5459	40	6	loss	loss	NOUN
fbem-5459	40	7	of	of	ADP
fbem-5459	40	8	talents	talent	NOUN
fbem-5459	40	9	becomes	become	VERB
fbem-5459	40	10	more	more	ADV
fbem-5459	40	11	and	and	CCONJ
fbem-5459	40	12	more	more	ADV
fbem-5459	40	13	serious	serious	ADJ
fbem-5459	40	14	,	,	PUNCT
fbem-5459	40	15	which	which	PRON
fbem-5459	40	16	leads	lead	VERB
fbem-5459	40	17	to	to	ADP
fbem-5459	40	18	the	the	DET
fbem-5459	40	19	decline	decline	NOUN
fbem-5459	40	20	of	of	ADP
fbem-5459	40	21	sales	sale	NOUN
fbem-5459	40	22	revenue	revenue	NOUN
fbem-5459	40	23	,	,	PUNCT
fbem-5459	40	24	weak	weak	ADJ
fbem-5459	40	25	scientific	scientific	ADJ
fbem-5459	40	26	research	research	NOUN
fbem-5459	40	27	and	and	CCONJ
fbem-5459	40	28	innovation	innovation	NOUN
fbem-5459	40	29	,	,	PUNCT
fbem-5459	40	30	and	and	CCONJ
fbem-5459	40	31	increasing	increase	VERB
fbem-5459	40	32	business	business	NOUN
fbem-5459	40	33	risks	risk	NOUN
fbem-5459	40	34	.	.	PUNCT
fbem-5459	41	1	in	in	ADP
fbem-5459	41	2	this	this	DET
fbem-5459	41	3	case	case	NOUN
fbem-5459	41	4	,	,	PUNCT
fbem-5459	41	5	if	if	SCONJ
fbem-5459	41	6	the	the	DET
fbem-5459	41	7	stable	stable	ADJ
fbem-5459	41	8	delisting	delisting	NOUN
fbem-5459	41	9	is	be	AUX
fbem-5459	41	10	not	not	PART
fbem-5459	41	11	considered	consider	VERB
fbem-5459	41	12	,	,	PUNCT
fbem-5459	41	13	then	then	ADV
fbem-5459	41	14	the	the	DET
fbem-5459	41	15	enterprise	enterprise	NOUN
fbem-5459	41	16	should	should	AUX
fbem-5459	41	17	focus	focus	VERB
fbem-5459	41	18	on	on	ADP
fbem-5459	41	19	the	the	DET
fbem-5459	41	20	improvement	improvement	NOUN
fbem-5459	41	21	of	of	ADP
fbem-5459	41	22	products	product	NOUN
fbem-5459	41	23	,	,	PUNCT
fbem-5459	41	24	the	the	DET
fbem-5459	41	25	development	development	NOUN
fbem-5459	41	26	of	of	ADP
fbem-5459	41	27	new	new	ADJ
fbem-5459	41	28	technologies	technology	NOUN
fbem-5459	41	29	,	,	PUNCT
fbem-5459	41	30	new	new	ADJ
fbem-5459	41	31	processes	process	NOUN
fbem-5459	41	32	and	and	CCONJ
fbem-5459	41	33	new	new	ADJ
fbem-5459	41	34	products	product	NOUN
fbem-5459	41	35	.	.	PUNCT
fbem-5459	42	1	the	the	DET
fbem-5459	42	2	strategic	strategic	ADJ
fbem-5459	42	3	goal	goal	NOUN
fbem-5459	42	4	is	be	AUX
fbem-5459	42	5	to	to	PART
fbem-5459	42	6	find	find	VERB
fbem-5459	42	7	new	new	ADJ
fbem-5459	42	8	growth	growth	NOUN
fbem-5459	42	9	points	point	NOUN
fbem-5459	42	10	in	in	ADP
fbem-5459	42	11	order	order	NOUN
fbem-5459	42	12	to	to	PART
fbem-5459	42	13	achieve	achieve	VERB
fbem-5459	42	14	the	the	DET
fbem-5459	42	15	purpose	purpose	NOUN
fbem-5459	42	16	of	of	ADP
fbem-5459	42	17	the	the	DET
fbem-5459	42	18	company	company	NOUN
fbem-5459	42	19	's	's	PART
fbem-5459	42	20	transformation	transformation	NOUN
fbem-5459	42	21	and	and	CCONJ
fbem-5459	42	22	sustainable	sustainable	ADJ
fbem-5459	42	23	development	development	NOUN
fbem-5459	42	24	.	.	PUNCT
fbem-5459	43	1	similar	similar	ADJ
fbem-5459	43	2	to	to	ADP
fbem-5459	43	3	the	the	DET
fbem-5459	43	4	growth	growth	NOUN
fbem-5459	43	5	enterprises	enterprise	NOUN
fbem-5459	43	6	,	,	PUNCT
fbem-5459	43	7	the	the	DET
fbem-5459	43	8	enterprise	enterprise	NOUN
fbem-5459	43	9	value	value	NOUN
fbem-5459	43	10	in	in	ADP
fbem-5459	43	11	the	the	DET
fbem-5459	43	12	recession	recession	NOUN
fbem-5459	43	13	period	period	NOUN
fbem-5459	43	14	is	be	AUX
fbem-5459	43	15	relatively	relatively	ADV
fbem-5459	43	16	low	low	ADJ
fbem-5459	43	17	,	,	PUNCT
fbem-5459	43	18	but	but	CCONJ
fbem-5459	43	19	if	if	SCONJ
fbem-5459	43	20	the	the	DET
fbem-5459	43	21	enterprise	enterprise	NOUN
fbem-5459	43	22	successfully	successfully	ADV
fbem-5459	43	23	transforms	transform	VERB
fbem-5459	43	24	,	,	PUNCT
fbem-5459	43	25	its	its	PRON
fbem-5459	43	26	future	future	ADJ
fbem-5459	43	27	stock	stock	NOUN
fbem-5459	43	28	price	price	NOUN
fbem-5459	43	29	will	will	AUX
fbem-5459	43	30	rise	rise	VERB
fbem-5459	43	31	significantly[5	significantly[5	NOUN
fbem-5459	43	32	]	]	PUNCT
fbem-5459	43	33	.	.	PUNCT
fbem-5459	44	1	at	at	ADP
fbem-5459	44	2	this	this	DET
fbem-5459	44	3	time	time	NOUN
fbem-5459	44	4	,	,	PUNCT
fbem-5459	44	5	shareholders	shareholder	NOUN
fbem-5459	44	6	who	who	PRON
fbem-5459	44	7	implement	implement	VERB
fbem-5459	44	8	stock	stock	NOUN
fbem-5459	44	9	incentives	incentive	NOUN
fbem-5459	44	10	usually	usually	ADV
fbem-5459	44	11	hope	hope	VERB
fbem-5459	44	12	that	that	SCONJ
fbem-5459	44	13	the	the	DET
fbem-5459	44	14	company	company	NOUN
fbem-5459	44	15	can	can	AUX
fbem-5459	44	16	take	take	VERB
fbem-5459	44	17	on	on	ADP
fbem-5459	44	18	new	new	ADJ
fbem-5459	44	19	vitality	vitality	NOUN
fbem-5459	44	20	in	in	ADP
fbem-5459	44	21	the	the	DET
fbem-5459	44	22	reform	reform	NOUN
fbem-5459	44	23	,	,	PUNCT
fbem-5459	44	24	so	so	CCONJ
fbem-5459	44	25	the	the	DET
fbem-5459	44	26	additional	additional	ADJ
fbem-5459	44	27	terms	term	NOUN
fbem-5459	44	28	of	of	ADP
fbem-5459	44	29	stock	stock	NOUN
fbem-5459	44	30	incentives	incentive	NOUN
fbem-5459	44	31	can	can	AUX
fbem-5459	44	32	be	be	AUX
fbem-5459	44	33	the	the	DET
fbem-5459	44	34	company	company	NOUN
fbem-5459	44	35	to	to	PART
fbem-5459	44	36	develop	develop	VERB
fbem-5459	44	37	new	new	ADJ
fbem-5459	44	38	products	product	NOUN
fbem-5459	44	39	.	.	PUNCT
fbem-5459	45	1	the	the	DET
fbem-5459	45	2	objectives	objective	NOUN
fbem-5459	45	3	of	of	ADP
fbem-5459	45	4	the	the	DET
fbem-5459	45	5	incentives	incentive	NOUN
fbem-5459	45	6	are	be	AUX
fbem-5459	45	7	similar	similar	ADJ
fbem-5459	45	8	to	to	ADP
fbem-5459	45	9	those	those	PRON
fbem-5459	45	10	of	of	ADP
fbem-5459	45	11	the	the	DET
fbem-5459	45	12	start	start	VERB
fbem-5459	45	13	-	-	PUNCT
fbem-5459	45	14	up	up	ADP
fbem-5459	45	15	phase	phase	NOUN
fbem-5459	45	16	in	in	ADP
fbem-5459	45	17	the	the	DET
fbem-5459	45	18	growth	growth	NOUN
fbem-5459	45	19	phase	phase	NOUN
fbem-5459	45	20	,	,	PUNCT
fbem-5459	45	21	so	so	SCONJ
fbem-5459	45	22	there	there	PRON
fbem-5459	45	23	will	will	AUX
fbem-5459	45	24	be	be	AUX
fbem-5459	45	25	a	a	DET
fbem-5459	45	26	greater	great	ADJ
fbem-5459	45	27	focus	focus	NOUN
fbem-5459	45	28	on	on	ADP
fbem-5459	45	29	innovation	innovation	NOUN
fbem-5459	45	30	.	.	PUNCT
fbem-5459	46	1	therefore	therefore	ADV
fbem-5459	46	2	,	,	PUNCT
fbem-5459	46	3	we	we	PRON
fbem-5459	46	4	hypothesize	hypothesize	VERB
fbem-5459	46	5	that	that	SCONJ
fbem-5459	46	6	:	:	PUNCT
fbem-5459	46	7	h2	h2	NOUN
fbem-5459	46	8	.	.	PUNCT
fbem-5459	47	1	the	the	DET
fbem-5459	47	2	promotion	promotion	NOUN
fbem-5459	47	3	effect	effect	NOUN
fbem-5459	47	4	of	of	ADP
fbem-5459	47	5	equity	equity	NOUN
fbem-5459	47	6	incentive	incentive	NOUN
fbem-5459	47	7	on	on	ADP
fbem-5459	47	8	innovation	innovation	NOUN
fbem-5459	47	9	performance	performance	NOUN
fbem-5459	47	10	in	in	ADP
fbem-5459	47	11	mature	mature	ADJ
fbem-5459	47	12	enterprises	enterprise	NOUN
fbem-5459	47	13	is	be	AUX
fbem-5459	47	14	not	not	PART
fbem-5459	47	15	as	as	ADV
fbem-5459	47	16	significant	significant	ADJ
fbem-5459	47	17	as	as	ADP
fbem-5459	47	18	that	that	PRON
fbem-5459	47	19	in	in	ADP
fbem-5459	47	20	growth	growth	NOUN
fbem-5459	47	21	and	and	CCONJ
fbem-5459	47	22	decline	decline	NOUN
fbem-5459	47	23	periods	period	NOUN
fbem-5459	47	24	.	.	PUNCT
fbem-5459	48	1	according	accord	VERB
fbem-5459	48	2	to	to	ADP
fbem-5459	48	3	the	the	DET
fbem-5459	48	4	view	view	NOUN
fbem-5459	48	5	of	of	ADP
fbem-5459	48	6	contingency	contingency	NOUN
fbem-5459	48	7	theory	theory	NOUN
fbem-5459	48	8	,	,	PUNCT
fbem-5459	48	9	the	the	DET
fbem-5459	48	10	governance	governance	NOUN
fbem-5459	48	11	mechanism	mechanism	NOUN
fbem-5459	48	12	of	of	ADP
fbem-5459	48	13	enterprises	enterprise	NOUN
fbem-5459	48	14	can	can	AUX
fbem-5459	48	15	only	only	ADV
fbem-5459	48	16	adapt	adapt	VERB
fbem-5459	48	17	to	to	ADP
fbem-5459	48	18	the	the	DET
fbem-5459	48	19	environment	environment	NOUN
fbem-5459	48	20	when	when	SCONJ
fbem-5459	48	21	it	it	PRON
fbem-5459	48	22	is	be	AUX
fbem-5459	48	23	flexuously	flexuously	ADV
fbem-5459	48	24	adjusted	adjust	VERB
fbem-5459	48	25	according	accord	VERB
fbem-5459	48	26	to	to	ADP
fbem-5459	48	27	the	the	DET
fbem-5459	48	28	organizational	organizational	ADJ
fbem-5459	48	29	environment	environment	NOUN
fbem-5459	48	30	and	and	CCONJ
fbem-5459	48	31	comply	comply	VERB
fbem-5459	48	32	with	with	ADP
fbem-5459	48	33	the	the	DET
fbem-5459	48	34	law	law	NOUN
fbem-5459	48	35	of	of	ADP
fbem-5459	48	36	natural	natural	ADJ
fbem-5459	48	37	selection	selection	NOUN
fbem-5459	48	38	and	and	CCONJ
fbem-5459	48	39	survival	survival	NOUN
fbem-5459	48	40	of	of	ADP
fbem-5459	48	41	the	the	DET
fbem-5459	48	42	fittest[4	fittest[4	PROPN
fbem-5459	48	43	]	]	PUNCT
fbem-5459	48	44	.	.	PUNCT
fbem-5459	49	1	the	the	DET
fbem-5459	49	2	above	above	ADJ
fbem-5459	49	3	analysis	analysis	NOUN
fbem-5459	49	4	has	have	AUX
fbem-5459	49	5	mentioned	mention	VERB
fbem-5459	49	6	the	the	DET
fbem-5459	49	7	differences	difference	NOUN
fbem-5459	49	8	in	in	ADP
fbem-5459	49	9	the	the	DET
fbem-5459	49	10	core	core	NOUN
fbem-5459	49	11	agency	agency	NOUN
fbem-5459	49	12	problem	problem	NOUN
fbem-5459	49	13	and	and	CCONJ
fbem-5459	49	14	incentive	incentive	NOUN
fbem-5459	49	15	focus	focus	NOUN
fbem-5459	49	16	of	of	ADP
fbem-5459	49	17	enterprises	enterprise	NOUN
fbem-5459	49	18	in	in	ADP
fbem-5459	49	19	different	different	ADJ
fbem-5459	49	20	development	development	NOUN
fbem-5459	49	21	stages	stage	NOUN
fbem-5459	49	22	,	,	PUNCT
fbem-5459	49	23	as	as	ADV
fbem-5459	49	24	well	well	ADV
fbem-5459	49	25	as	as	ADP
fbem-5459	49	26	the	the	DET
fbem-5459	49	27	differences	difference	NOUN
fbem-5459	49	28	in	in	ADP
fbem-5459	49	29	rights	right	NOUN
fbem-5459	49	30	and	and	CCONJ
fbem-5459	49	31	obligations	obligation	NOUN
fbem-5459	49	32	,	,	PUNCT
fbem-5459	49	33	contract	contract	NOUN
fbem-5459	49	34	functions	function	NOUN
fbem-5459	49	35	and	and	CCONJ
fbem-5459	49	36	effects	effect	NOUN
fbem-5459	49	37	of	of	ADP
fbem-5459	49	38	the	the	DET
fbem-5459	49	39	two	two	NUM
fbem-5459	49	40	incentive	incentive	NOUN
fbem-5459	49	41	methods	method	NOUN
fbem-5459	49	42	.	.	PUNCT
fbem-5459	50	1	based	base	VERB
fbem-5459	50	2	on	on	ADP
fbem-5459	50	3	this	this	PRON
fbem-5459	50	4	,	,	PUNCT
fbem-5459	50	5	this	this	DET
fbem-5459	50	6	paper	paper	NOUN
fbem-5459	50	7	puts	put	VERB
fbem-5459	50	8	forward	forward	ADV
fbem-5459	50	9	the	the	DET
fbem-5459	50	10	view	view	NOUN
fbem-5459	50	11	that	that	SCONJ
fbem-5459	50	12	there	there	PRON
fbem-5459	50	13	is	be	VERB
fbem-5459	50	14	heterogeneity	heterogeneity	NOUN
fbem-5459	50	15	in	in	ADP
fbem-5459	50	16	the	the	DET
fbem-5459	50	17	impact	impact	NOUN
fbem-5459	50	18	of	of	ADP
fbem-5459	50	19	implementing	implement	VERB
fbem-5459	50	20	stock	stock	NOUN
fbem-5459	50	21	options	option	NOUN
fbem-5459	50	22	or	or	CCONJ
fbem-5459	50	23	restricted	restrict	VERB
fbem-5459	50	24	stock	stock	NOUN
fbem-5459	50	25	on	on	ADP
fbem-5459	50	26	innovation	innovation	NOUN
fbem-5459	50	27	performance	performance	NOUN
fbem-5459	50	28	of	of	ADP
fbem-5459	50	29	enterprises	enterprise	NOUN
fbem-5459	50	30	in	in	ADP
fbem-5459	50	31	different	different	ADJ
fbem-5459	50	32	life	life	NOUN
fbem-5459	50	33	cycles	cycle	NOUN
fbem-5459	50	34	.	.	PUNCT
fbem-5459	51	1	it	it	PRON
fbem-5459	51	2	is	be	AUX
fbem-5459	51	3	believed	believe	VERB
fbem-5459	51	4	that	that	SCONJ
fbem-5459	51	5	enterprises	enterprise	NOUN
fbem-5459	51	6	will	will	AUX
fbem-5459	51	7	choose	choose	VERB
fbem-5459	51	8	different	different	ADJ
fbem-5459	51	9	ways	way	NOUN
fbem-5459	51	10	of	of	ADP
fbem-5459	51	11	equity	equity	NOUN
fbem-5459	51	12	incentive	incentive	NOUN
fbem-5459	51	13	according	accord	VERB
fbem-5459	51	14	to	to	ADP
fbem-5459	51	15	their	their	PRON
fbem-5459	51	16	development	development	NOUN
fbem-5459	51	17	stages	stage	NOUN
fbem-5459	51	18	.	.	PUNCT
fbem-5459	52	1	first	first	ADV
fbem-5459	52	2	of	of	ADP
fbem-5459	52	3	all	all	PRON
fbem-5459	52	4	,	,	PUNCT
fbem-5459	52	5	it	it	PRON
fbem-5459	52	6	is	be	AUX
fbem-5459	52	7	well	well	ADV
fbem-5459	52	8	known	know	VERB
fbem-5459	52	9	that	that	SCONJ
fbem-5459	52	10	the	the	DET
fbem-5459	52	11	stock	stock	NOUN
fbem-5459	52	12	price	price	NOUN
fbem-5459	52	13	of	of	ADP
fbem-5459	52	14	companies	company	NOUN
fbem-5459	52	15	in	in	ADP
fbem-5459	52	16	the	the	DET
fbem-5459	52	17	growth	growth	NOUN
fbem-5459	52	18	stage	stage	NOUN
fbem-5459	52	19	has	have	VERB
fbem-5459	52	20	great	great	ADJ
fbem-5459	52	21	potential	potential	NOUN
fbem-5459	52	22	to	to	PART
fbem-5459	52	23	rise	rise	VERB
fbem-5459	52	24	,	,	PUNCT
fbem-5459	52	25	and	and	CCONJ
fbem-5459	52	26	of	of	ADP
fbem-5459	52	27	course	course	NOUN
fbem-5459	52	28	there	there	PRON
fbem-5459	52	29	is	be	VERB
fbem-5459	52	30	also	also	ADV
fbem-5459	52	31	the	the	DET
fbem-5459	52	32	risk	risk	NOUN
fbem-5459	52	33	of	of	ADP
fbem-5459	52	34	crash	crash	NOUN
fbem-5459	52	35	.	.	PUNCT
fbem-5459	53	1	therefore	therefore	ADV
fbem-5459	53	2	,	,	PUNCT
fbem-5459	53	3	the	the	DET
fbem-5459	53	4	high	high	ADJ
fbem-5459	53	5	stock	stock	NOUN
fbem-5459	53	6	price	price	NOUN
fbem-5459	53	7	volatility	volatility	NOUN
fbem-5459	53	8	of	of	ADP
fbem-5459	53	9	companies	company	NOUN
fbem-5459	53	10	in	in	ADP
fbem-5459	53	11	the	the	DET
fbem-5459	53	12	growth	growth	NOUN
fbem-5459	53	13	stage	stage	NOUN
fbem-5459	53	14	determines	determine	VERB
fbem-5459	53	15	the	the	DET
fbem-5459	53	16	high	high	ADJ
fbem-5459	53	17	intrinsic	intrinsic	ADJ
fbem-5459	53	18	value	value	NOUN
fbem-5459	53	19	of	of	ADP
fbem-5459	53	20	stock	stock	NOUN
fbem-5459	53	21	options	option	NOUN
fbem-5459	53	22	.	.	PUNCT
fbem-5459	54	1	when	when	SCONJ
fbem-5459	54	2	there	there	PRON
fbem-5459	54	3	is	be	VERB
fbem-5459	54	4	a	a	DET
fbem-5459	54	5	strong	strong	ADJ
fbem-5459	54	6	upward	upward	ADJ
fbem-5459	54	7	trend	trend	NOUN
fbem-5459	54	8	in	in	ADP
fbem-5459	54	9	the	the	DET
fbem-5459	54	10	stock	stock	NOUN
fbem-5459	54	11	price	price	NOUN
fbem-5459	54	12	,	,	PUNCT
fbem-5459	54	13	the	the	DET
fbem-5459	54	14	range	range	NOUN
fbem-5459	54	15	of	of	ADP
fbem-5459	54	16	returns	return	NOUN
fbem-5459	54	17	from	from	ADP
fbem-5459	54	18	stock	stock	NOUN
fbem-5459	54	19	options	option	NOUN
fbem-5459	54	20	is	be	AUX
fbem-5459	54	21	larger	large	ADJ
fbem-5459	54	22	than	than	ADP
fbem-5459	54	23	that	that	PRON
fbem-5459	54	24	from	from	ADP
fbem-5459	54	25	restricted	restrict	VERB
fbem-5459	54	26	stock	stock	NOUN
fbem-5459	54	27	.	.	PUNCT
fbem-5459	55	1	in	in	ADP
fbem-5459	55	2	addition	addition	NOUN
fbem-5459	55	3	,	,	PUNCT
fbem-5459	55	4	the	the	DET
fbem-5459	55	5	implementation	implementation	NOUN
fbem-5459	55	6	of	of	ADP
fbem-5459	55	7	restricted	restricted	ADJ
fbem-5459	55	8	stock	stock	NOUN
fbem-5459	55	9	through	through	ADP
fbem-5459	55	10	stock	stock	NOUN
fbem-5459	55	11	repurchase	repurchase	NOUN
fbem-5459	55	12	is	be	AUX
fbem-5459	55	13	a	a	DET
fbem-5459	55	14	great	great	ADJ
fbem-5459	55	15	test	test	NOUN
fbem-5459	55	16	for	for	ADP
fbem-5459	55	17	the	the	DET
fbem-5459	55	18	free	free	ADJ
fbem-5459	55	19	cash	cash	NOUN
fbem-5459	55	20	flow	flow	NOUN
fbem-5459	55	21	of	of	ADP
fbem-5459	55	22	growth	growth	NOUN
fbem-5459	55	23	stage	stage	NOUN
fbem-5459	55	24	companies	company	NOUN
fbem-5459	55	25	.	.	PUNCT
fbem-5459	56	1	due	due	ADP
fbem-5459	56	2	to	to	ADP
fbem-5459	56	3	the	the	DET
fbem-5459	56	4	limited	limited	ADJ
fbem-5459	56	5	free	free	ADJ
fbem-5459	56	6	cash	cash	NOUN
fbem-5459	56	7	flow	flow	NOUN
fbem-5459	56	8	of	of	ADP
fbem-5459	56	9	growth	growth	NOUN
fbem-5459	56	10	stage	stage	NOUN
fbem-5459	56	11	companies	company	NOUN
fbem-5459	56	12	,	,	PUNCT
fbem-5459	56	13	they	they	PRON
fbem-5459	56	14	need	need	VERB
fbem-5459	56	15	to	to	PART
fbem-5459	56	16	focus	focus	VERB
fbem-5459	56	17	on	on	ADP
fbem-5459	56	18	solving	solve	VERB
fbem-5459	56	19	development	development	NOUN
fbem-5459	56	20	problems	problem	NOUN
fbem-5459	56	21	.	.	PUNCT
fbem-5459	57	1	therefore	therefore	ADV
fbem-5459	57	2	,	,	PUNCT
fbem-5459	57	3	the	the	DET
fbem-5459	57	4	incentive	incentive	NOUN
fbem-5459	57	5	method	method	NOUN
fbem-5459	57	6	of	of	ADP
fbem-5459	57	7	stock	stock	NOUN
fbem-5459	57	8	option	option	NOUN
fbem-5459	57	9	only	only	ADV
fbem-5459	57	10	requiring	require	VERB
fbem-5459	57	11	a	a	DET
fbem-5459	57	12	certain	certain	ADJ
fbem-5459	57	13	option	option	NOUN
fbem-5459	57	14	fee	fee	NOUN
fbem-5459	57	15	is	be	AUX
fbem-5459	57	16	undoubtedly	undoubtedly	ADV
fbem-5459	57	17	a	a	DET
fbem-5459	57	18	good	good	ADJ
fbem-5459	57	19	medicine	medicine	NOUN
fbem-5459	57	20	for	for	ADP
fbem-5459	57	21	the	the	DET
fbem-5459	57	22	implementation	implementation	NOUN
fbem-5459	57	23	of	of	ADP
fbem-5459	57	24	incentive	incentive	NOUN
fbem-5459	57	25	for	for	ADP
fbem-5459	57	26	growth	growth	NOUN
fbem-5459	57	27	stage	stage	NOUN
fbem-5459	57	28	companies[2	companies[2	PROPN
fbem-5459	57	29	]	]	PUNCT
fbem-5459	57	30	.	.	PUNCT
fbem-5459	58	1	finally	finally	ADV
fbem-5459	58	2	,	,	PUNCT
fbem-5459	58	3	the	the	DET
fbem-5459	58	4	most	most	ADV
fbem-5459	58	5	important	important	ADJ
fbem-5459	58	6	purpose	purpose	NOUN
fbem-5459	58	7	of	of	ADP
fbem-5459	58	8	a	a	DET
fbem-5459	58	9	growth	growth	NOUN
fbem-5459	58	10	company	company	NOUN
fbem-5459	58	11	is	be	AUX
fbem-5459	58	12	to	to	PART
fbem-5459	58	13	continuously	continuously	ADV
fbem-5459	58	14	expand	expand	VERB
fbem-5459	58	15	the	the	DET
fbem-5459	58	16	market	market	NOUN
fbem-5459	58	17	and	and	CCONJ
fbem-5459	58	18	develop	develop	VERB
fbem-5459	58	19	competitive	competitive	ADJ
fbem-5459	58	20	products	product	NOUN
fbem-5459	58	21	to	to	PART
fbem-5459	58	22	break	break	VERB
fbem-5459	58	23	out	out	ADP
fbem-5459	58	24	of	of	ADP
fbem-5459	58	25	the	the	DET
fbem-5459	58	26	red	red	PROPN
fbem-5459	58	27	sea	sea	PROPN
fbem-5459	58	28	.	.	PUNCT
fbem-5459	59	1	to	to	PART
fbem-5459	59	2	do	do	VERB
fbem-5459	59	3	this	this	PRON
fbem-5459	59	4	,	,	PUNCT
fbem-5459	59	5	the	the	DET
fbem-5459	59	6	company	company	NOUN
fbem-5459	59	7	needs	need	VERB
fbem-5459	59	8	to	to	PART
fbem-5459	59	9	provide	provide	VERB
fbem-5459	59	10	enough	enough	ADJ
fbem-5459	59	11	incentive	incentive	NOUN
fbem-5459	59	12	and	and	CCONJ
fbem-5459	59	13	worry	worry	VERB
fbem-5459	59	14	free	free	ADJ
fbem-5459	59	15	for	for	SCONJ
fbem-5459	59	16	the	the	DET
fbem-5459	59	17	management	management	NOUN
fbem-5459	59	18	team	team	NOUN
fbem-5459	59	19	to	to	PART
fbem-5459	59	20	focus	focus	VERB
fbem-5459	59	21	on	on	ADP
fbem-5459	59	22	expanding	expand	VERB
fbem-5459	59	23	and	and	CCONJ
fbem-5459	59	24	innovating	innovate	VERB
fbem-5459	59	25	in	in	ADP
fbem-5459	59	26	the	the	DET
fbem-5459	59	27	red	red	PROPN
fbem-5459	59	28	sea	sea	PROPN
fbem-5459	59	29	.	.	PUNCT
fbem-5459	60	1	the	the	DET
fbem-5459	60	2	essence	essence	NOUN
fbem-5459	60	3	of	of	ADP
fbem-5459	60	4	stock	stock	NOUN
fbem-5459	60	5	option	option	NOUN
fbem-5459	60	6	is	be	AUX
fbem-5459	60	7	an	an	DET
fbem-5459	60	8	option	option	NOUN
fbem-5459	60	9	with	with	ADP
fbem-5459	60	10	additional	additional	ADJ
fbem-5459	60	11	corporate	corporate	ADJ
fbem-5459	60	12	performance	performance	NOUN
fbem-5459	60	13	requirements	requirement	NOUN
fbem-5459	60	14	,	,	PUNCT
fbem-5459	60	15	that	that	ADV
fbem-5459	60	16	is	is	ADV
fbem-5459	60	17	,	,	PUNCT
fbem-5459	60	18	a	a	DET
fbem-5459	60	19	right	right	NOUN
fbem-5459	60	20	,	,	PUNCT
fbem-5459	60	21	and	and	CCONJ
fbem-5459	60	22	the	the	DET
fbem-5459	60	23	rights	right	NOUN
fbem-5459	60	24	and	and	CCONJ
fbem-5459	60	25	obligations	obligation	NOUN
fbem-5459	60	26	of	of	ADP
fbem-5459	60	27	the	the	DET
fbem-5459	60	28	option	option	NOUN
fbem-5459	60	29	are	be	AUX
fbem-5459	60	30	asymmetric	asymmetric	ADJ
fbem-5459	60	31	,	,	PUNCT
fbem-5459	60	32	so	so	SCONJ
fbem-5459	60	33	the	the	DET
fbem-5459	60	34	rights	right	NOUN
fbem-5459	60	35	and	and	CCONJ
fbem-5459	60	36	obligations	obligation	NOUN
fbem-5459	60	37	of	of	ADP
fbem-5459	60	38	the	the	DET
fbem-5459	60	39	stock	stock	NOUN
fbem-5459	60	40	option	option	NOUN
fbem-5459	60	41	are	be	AUX
fbem-5459	60	42	also	also	ADV
fbem-5459	60	43	asymmetric	asymmetric	ADJ
fbem-5459	60	44	,	,	PUNCT
fbem-5459	60	45	which	which	PRON
fbem-5459	60	46	can	can	AUX
fbem-5459	60	47	guarantee	guarantee	VERB
fbem-5459	60	48	the	the	DET
fbem-5459	60	49	elimination	elimination	NOUN
fbem-5459	60	50	of	of	ADP
fbem-5459	60	51	the	the	DET
fbem-5459	60	52	risk	risk	NOUN
fbem-5459	60	53	concerns	concern	NOUN
fbem-5459	60	54	of	of	ADP
fbem-5459	60	55	the	the	DET
fbem-5459	60	56	incentive	incentive	NOUN
fbem-5459	60	57	object	object	NOUN
fbem-5459	60	58	.	.	PUNCT
fbem-5459	61	1	on	on	ADP
fbem-5459	61	2	the	the	DET
fbem-5459	61	3	other	other	ADJ
fbem-5459	61	4	hand	hand	NOUN
fbem-5459	61	5	,	,	PUNCT
fbem-5459	61	6	when	when	SCONJ
fbem-5459	61	7	the	the	DET
fbem-5459	61	8	stock	stock	NOUN
fbem-5459	61	9	price	price	NOUN
fbem-5459	61	10	of	of	ADP
fbem-5459	61	11	the	the	DET
fbem-5459	61	12	company	company	NOUN
fbem-5459	61	13	rises	rise	VERB
fbem-5459	61	14	,	,	PUNCT
fbem-5459	61	15	the	the	DET
fbem-5459	61	16	incentivized	incentivize	VERB
fbem-5459	61	17	object	object	NOUN
fbem-5459	61	18	can	can	AUX
fbem-5459	61	19	choose	choose	VERB
fbem-5459	61	20	to	to	PART
fbem-5459	61	21	exercise	exercise	VERB
fbem-5459	61	22	the	the	DET
fbem-5459	61	23	option	option	NOUN
fbem-5459	61	24	to	to	PART
fbem-5459	61	25	obtain	obtain	VERB
fbem-5459	61	26	benefits	benefit	NOUN
fbem-5459	61	27	.	.	PUNCT
fbem-5459	62	1	the	the	PRON
fbem-5459	62	2	more	more	ADJ
fbem-5459	62	3	the	the	DET
fbem-5459	62	4	stock	stock	NOUN
fbem-5459	62	5	of	of	ADP
fbem-5459	62	6	the	the	DET
fbem-5459	62	7	company	company	NOUN
fbem-5459	62	8	rises	rise	VERB
fbem-5459	62	9	,	,	PUNCT
fbem-5459	62	10	the	the	DET
fbem-5459	62	11	income	income	NOUN
fbem-5459	62	12	of	of	ADP
fbem-5459	62	13	the	the	DET
fbem-5459	62	14	incentivized	incentivize	VERB
fbem-5459	62	15	object	object	NOUN
fbem-5459	62	16	will	will	AUX
fbem-5459	62	17	also	also	ADV
fbem-5459	62	18	rise	rise	VERB
fbem-5459	62	19	accordingly	accordingly	ADV
fbem-5459	62	20	.	.	PUNCT
fbem-5459	63	1	therefore	therefore	ADV
fbem-5459	63	2	,	,	PUNCT
fbem-5459	63	3	it	it	PRON
fbem-5459	63	4	can	can	AUX
fbem-5459	63	5	encourage	encourage	VERB
fbem-5459	63	6	them	they	PRON
fbem-5459	63	7	to	to	PART
fbem-5459	63	8	think	think	VERB
fbem-5459	63	9	about	about	ADP
fbem-5459	63	10	the	the	DET
fbem-5459	63	11	long	long	ADJ
fbem-5459	63	12	-	-	PUNCT
fbem-5459	63	13	term	term	NOUN
fbem-5459	63	14	interests	interest	NOUN
fbem-5459	63	15	of	of	ADP
fbem-5459	63	16	the	the	DET
fbem-5459	63	17	company	company	NOUN
fbem-5459	63	18	and	and	CCONJ
fbem-5459	63	19	have	have	VERB
fbem-5459	63	20	the	the	DET
fbem-5459	63	21	courage	courage	NOUN
fbem-5459	63	22	to	to	PART
fbem-5459	63	23	innovate	innovate	VERB
fbem-5459	63	24	.	.	PUNCT
fbem-5459	64	1	therefore	therefore	ADV
fbem-5459	64	2	,	,	PUNCT
fbem-5459	64	3	stock	stock	NOUN
fbem-5459	64	4	options	option	NOUN
fbem-5459	64	5	can	can	AUX
fbem-5459	64	6	not	not	PART
fbem-5459	64	7	only	only	ADV
fbem-5459	64	8	bind	bind	VERB
fbem-5459	64	9	the	the	DET
fbem-5459	64	10	interests	interest	NOUN
fbem-5459	64	11	of	of	ADP
fbem-5459	64	12	the	the	DET
fbem-5459	64	13	incentive	incentive	NOUN
fbem-5459	64	14	object	object	NOUN
fbem-5459	64	15	with	with	ADP
fbem-5459	64	16	the	the	DET
fbem-5459	64	17	long	long	ADJ
fbem-5459	64	18	-	-	PUNCT
fbem-5459	64	19	term	term	NOUN
fbem-5459	64	20	interests	interest	NOUN
fbem-5459	64	21	of	of	ADP
fbem-5459	64	22	the	the	DET
fbem-5459	64	23	enterprise	enterprise	NOUN
fbem-5459	64	24	,	,	PUNCT
fbem-5459	64	25	but	but	CCONJ
fbem-5459	64	26	also	also	ADV
fbem-5459	64	27	improve	improve	VERB
fbem-5459	64	28	the	the	DET
fbem-5459	64	29	risk	risk	NOUN
fbem-5459	64	30	-	-	PUNCT
fbem-5459	64	31	taking	take	VERB
fbem-5459	64	32	level	level	NOUN
fbem-5459	64	33	of	of	ADP
fbem-5459	64	34	the	the	DET
fbem-5459	64	35	incentive	incentive	NOUN
fbem-5459	64	36	object	object	NOUN
fbem-5459	64	37	,	,	PUNCT
fbem-5459	64	38	which	which	PRON
fbem-5459	64	39	is	be	AUX
fbem-5459	64	40	more	more	ADV
fbem-5459	64	41	suitable	suitable	ADJ
fbem-5459	64	42	for	for	ADP
fbem-5459	64	43	the	the	DET
fbem-5459	64	44	development	development	NOUN
fbem-5459	64	45	strategy	strategy	NOUN
fbem-5459	64	46	of	of	ADP
fbem-5459	64	47	enterprises	enterprise	NOUN
fbem-5459	64	48	in	in	ADP
fbem-5459	64	49	the	the	DET
fbem-5459	64	50	growth	growth	NOUN
fbem-5459	64	51	stage	stage	NOUN
fbem-5459	64	52	.	.	PUNCT
fbem-5459	65	1	there	there	PRON
fbem-5459	65	2	is	be	VERB
fbem-5459	65	3	no	no	DET
fbem-5459	65	4	significant	significant	ADJ
fbem-5459	65	5	difference	difference	NOUN
fbem-5459	65	6	in	in	ADP
fbem-5459	65	7	the	the	DET
fbem-5459	65	8	impact	impact	NOUN
fbem-5459	65	9	of	of	ADP
fbem-5459	65	10	the	the	DET
fbem-5459	65	11	choice	choice	NOUN
fbem-5459	65	12	of	of	ADP
fbem-5459	65	13	incentive	incentive	NOUN
fbem-5459	65	14	methods	method	NOUN
fbem-5459	65	15	on	on	ADP
fbem-5459	65	16	the	the	DET
fbem-5459	65	17	innovation	innovation	NOUN
fbem-5459	65	18	performance	performance	NOUN
fbem-5459	65	19	of	of	ADP
fbem-5459	65	20	enterprises	enterprise	NOUN
fbem-5459	65	21	in	in	ADP
fbem-5459	65	22	the	the	DET
fbem-5459	65	23	mature	mature	ADJ
fbem-5459	65	24	period	period	NOUN
fbem-5459	65	25	,	,	PUNCT
fbem-5459	65	26	and	and	CCONJ
fbem-5459	65	27	the	the	DET
fbem-5459	65	28	single	single	ADJ
fbem-5459	65	29	stock	stock	NOUN
fbem-5459	65	30	incentive	incentive	NOUN
fbem-5459	65	31	in	in	ADP
fbem-5459	65	32	this	this	DET
fbem-5459	65	33	period	period	NOUN
fbem-5459	65	34	can	can	AUX
fbem-5459	65	35	not	not	PART
fbem-5459	65	36	achieve	achieve	VERB
fbem-5459	65	37	the	the	DET
fbem-5459	65	38	incentive	incentive	NOUN
fbem-5459	65	39	effect	effect	NOUN
fbem-5459	65	40	well	well	ADV
fbem-5459	65	41	.	.	PUNCT
fbem-5459	66	1	the	the	DET
fbem-5459	66	2	stock	stock	NOUN
fbem-5459	66	3	price	price	NOUN
fbem-5459	66	4	of	of	ADP
fbem-5459	66	5	the	the	DET
fbem-5459	66	6	company	company	NOUN
fbem-5459	66	7	in	in	ADP
fbem-5459	66	8	the	the	DET
fbem-5459	66	9	mature	mature	ADJ
fbem-5459	66	10	stage	stage	NOUN
fbem-5459	66	11	has	have	VERB
fbem-5459	66	12	little	little	ADJ
fbem-5459	66	13	room	room	NOUN
fbem-5459	66	14	to	to	PART
fbem-5459	66	15	rise	rise	VERB
fbem-5459	66	16	in	in	ADP
fbem-5459	66	17	the	the	DET
fbem-5459	66	18	short	short	ADJ
fbem-5459	66	19	term	term	NOUN
fbem-5459	66	20	.	.	PUNCT
fbem-5459	67	1	at	at	ADP
fbem-5459	67	2	this	this	DET
fbem-5459	67	3	time	time	NOUN
fbem-5459	67	4	,	,	PUNCT
fbem-5459	67	5	the	the	DET
fbem-5459	67	6	company	company	NOUN
fbem-5459	67	7	has	have	AUX
fbem-5459	67	8	entered	enter	VERB
fbem-5459	67	9	a	a	DET
fbem-5459	67	10	stable	stable	ADJ
fbem-5459	67	11	period	period	NOUN
fbem-5459	67	12	,	,	PUNCT
fbem-5459	67	13	the	the	DET
fbem-5459	67	14	stock	stock	NOUN
fbem-5459	67	15	price	price	NOUN
fbem-5459	67	16	is	be	AUX
fbem-5459	67	17	at	at	ADP
fbem-5459	67	18	a	a	DET
fbem-5459	67	19	high	high	ADJ
fbem-5459	67	20	level	level	NOUN
fbem-5459	67	21	,	,	PUNCT
fbem-5459	67	22	and	and	CCONJ
fbem-5459	67	23	the	the	DET
fbem-5459	67	24	upward	upward	ADJ
fbem-5459	67	25	pressure	pressure	NOUN
fbem-5459	67	26	is	be	AUX
fbem-5459	67	27	great	great	ADJ
fbem-5459	67	28	.	.	PUNCT
fbem-5459	68	1	at	at	ADP
fbem-5459	68	2	this	this	DET
fbem-5459	68	3	time	time	NOUN
fbem-5459	68	4	,	,	PUNCT
fbem-5459	68	5	the	the	DET
fbem-5459	68	6	focus	focus	NOUN
fbem-5459	68	7	of	of	ADP
fbem-5459	68	8	equity	equity	NOUN
fbem-5459	68	9	incentive	incentive	NOUN
fbem-5459	68	10	is	be	AUX
fbem-5459	68	11	to	to	PART
fbem-5459	68	12	ensure	ensure	VERB
fbem-5459	68	13	the	the	DET
fbem-5459	68	14	development	development	NOUN
fbem-5459	68	15	of	of	ADP
fbem-5459	68	16	the	the	DET
fbem-5459	68	17	company	company	NOUN
fbem-5459	68	18	towards	towards	ADP
fbem-5459	68	19	the	the	DET
fbem-5459	68	20	correct	correct	ADJ
fbem-5459	68	21	strategy	strategy	NOUN
fbem-5459	68	22	,	,	PUNCT
fbem-5459	68	23	activate	activate	VERB
fbem-5459	68	24	the	the	DET
fbem-5459	68	25	redundant	redundant	ADJ
fbem-5459	68	26	resources	resource	NOUN
fbem-5459	68	27	,	,	PUNCT
fbem-5459	68	28	and	and	CCONJ
fbem-5459	68	29	mobilize	mobilize	VERB
fbem-5459	68	30	the	the	DET
fbem-5459	68	31	overall	overall	ADJ
fbem-5459	68	32	operational	operational	ADJ
fbem-5459	68	33	efficiency[3	efficiency[3	NOUN
fbem-5459	68	34	]	]	PUNCT
fbem-5459	68	35	.	.	PUNCT
fbem-5459	69	1	since	since	SCONJ
fbem-5459	69	2	the	the	DET
fbem-5459	69	3	innovation	innovation	NOUN
fbem-5459	69	4	orientation	orientation	NOUN
fbem-5459	69	5	decreases	decrease	VERB
fbem-5459	69	6	at	at	ADP
fbem-5459	69	7	this	this	DET
fbem-5459	69	8	stage	stage	NOUN
fbem-5459	69	9	,	,	PUNCT
fbem-5459	69	10	there	there	PRON
fbem-5459	69	11	is	be	VERB
fbem-5459	69	12	no	no	DET
fbem-5459	69	13	significant	significant	ADJ
fbem-5459	69	14	difference	difference	NOUN
fbem-5459	69	15	in	in	ADP
fbem-5459	69	16	the	the	DET
fbem-5459	69	17	impact	impact	NOUN
fbem-5459	69	18	of	of	ADP
fbem-5459	69	19	single	single	ADJ
fbem-5459	69	20	equity	equity	NOUN
fbem-5459	69	21	incentive	incentive	NOUN
fbem-5459	69	22	on	on	ADP
fbem-5459	69	23	the	the	DET
fbem-5459	69	24	innovation	innovation	NOUN
fbem-5459	69	25	performance	performance	NOUN
fbem-5459	69	26	of	of	ADP
fbem-5459	69	27	enterprises	enterprise	NOUN
fbem-5459	69	28	in	in	ADP
fbem-5459	69	29	the	the	DET
fbem-5459	69	30	mature	mature	ADJ
fbem-5459	69	31	stage	stage	NOUN
fbem-5459	69	32	.	.	PUNCT
fbem-5459	70	1	moreover	moreover	ADV
fbem-5459	70	2	,	,	PUNCT
fbem-5459	70	3	the	the	DET
fbem-5459	70	4	products	product	NOUN
fbem-5459	70	5	of	of	ADP
fbem-5459	70	6	enterprises	enterprise	NOUN
fbem-5459	70	7	in	in	ADP
fbem-5459	70	8	this	this	DET
fbem-5459	70	9	stage	stage	NOUN
fbem-5459	70	10	are	be	AUX
fbem-5459	70	11	mature	mature	ADJ
fbem-5459	70	12	,	,	PUNCT
fbem-5459	70	13	the	the	DET
fbem-5459	70	14	market	market	NOUN
fbem-5459	70	15	is	be	AUX
fbem-5459	70	16	stable	stable	ADJ
fbem-5459	70	17	,	,	PUNCT
fbem-5459	70	18	the	the	DET
fbem-5459	70	19	cost	cost	NOUN
fbem-5459	70	20	and	and	CCONJ
fbem-5459	70	21	return	return	NOUN
fbem-5459	70	22	of	of	ADP
fbem-5459	70	23	innovation	innovation	NOUN
fbem-5459	70	24	investment	investment	NOUN
fbem-5459	70	25	are	be	AUX
fbem-5459	70	26	not	not	PART
fbem-5459	70	27	as	as	ADV
fbem-5459	70	28	great	great	ADJ
fbem-5459	70	29	as	as	ADP
fbem-5459	70	30	the	the	DET
fbem-5459	70	31	benefit	benefit	NOUN
fbem-5459	70	32	in	in	ADP
fbem-5459	70	33	the	the	DET
fbem-5459	70	34	growth	growth	NOUN
fbem-5459	70	35	stage	stage	NOUN
fbem-5459	70	36	,	,	PUNCT
fbem-5459	70	37	and	and	CCONJ
fbem-5459	70	38	the	the	DET
fbem-5459	70	39	willingness	willingness	NOUN
fbem-5459	70	40	to	to	PART
fbem-5459	70	41	innovate	innovate	VERB
fbem-5459	70	42	is	be	AUX
fbem-5459	70	43	reduced	reduce	VERB
fbem-5459	70	44	.	.	PUNCT
fbem-5459	71	1	the	the	DET
fbem-5459	71	2	innovation	innovation	NOUN
fbem-5459	71	3	of	of	ADP
fbem-5459	71	4	mature	mature	ADJ
fbem-5459	71	5	enterprises	enterprise	NOUN
fbem-5459	71	6	is	be	AUX
fbem-5459	71	7	more	more	ADV
fbem-5459	71	8	affected	affect	VERB
fbem-5459	71	9	by	by	ADP
fbem-5459	71	10	the	the	DET
fbem-5459	71	11	industry	industry	NOUN
fbem-5459	71	12	and	and	CCONJ
fbem-5459	71	13	the	the	DET
fbem-5459	71	14	characteristics	characteristic	NOUN
fbem-5459	71	15	of	of	ADP
fbem-5459	71	16	executives	executive	NOUN
fbem-5459	71	17	,	,	PUNCT
fbem-5459	71	18	and	and	CCONJ
fbem-5459	71	19	is	be	AUX
fbem-5459	71	20	not	not	PART
fbem-5459	71	21	significantly	significantly	ADV
fbem-5459	71	22	affected	affect	VERB
fbem-5459	71	23	by	by	ADP
fbem-5459	71	24	equity	equity	NOUN
fbem-5459	71	25	incentives	incentive	NOUN
fbem-5459	71	26	.	.	PUNCT
fbem-5459	72	1	companies	company	NOUN
fbem-5459	72	2	in	in	ADP
fbem-5459	72	3	recession	recession	NOUN
fbem-5459	72	4	are	be	AUX
fbem-5459	72	5	more	more	ADV
fbem-5459	72	6	likely	likely	ADJ
fbem-5459	72	7	to	to	PART
fbem-5459	72	8	implement	implement	VERB
fbem-5459	72	9	stock	stock	NOUN
fbem-5459	72	10	options	option	NOUN
fbem-5459	72	11	.	.	PUNCT
fbem-5459	73	1	similar	similar	ADJ
fbem-5459	73	2	to	to	ADP
fbem-5459	73	3	companies	company	NOUN
fbem-5459	73	4	in	in	ADP
fbem-5459	73	5	the	the	DET
fbem-5459	73	6	growth	growth	NOUN
fbem-5459	73	7	stage	stage	NOUN
fbem-5459	73	8	,	,	PUNCT
fbem-5459	73	9	in	in	ADP
fbem-5459	73	10	the	the	DET
fbem-5459	73	11	recession	recession	NOUN
fbem-5459	73	12	stage	stage	NOUN
fbem-5459	73	13	,	,	PUNCT
fbem-5459	73	14	the	the	DET
fbem-5459	73	15	value	value	NOUN
fbem-5459	73	16	of	of	ADP
fbem-5459	73	17	a	a	DET
fbem-5459	73	18	company	company	NOUN
fbem-5459	73	19	is	be	AUX
fbem-5459	73	20	relatively	relatively	ADV
fbem-5459	73	21	low	low	ADJ
fbem-5459	73	22	,	,	PUNCT
fbem-5459	73	23	but	but	CCONJ
fbem-5459	73	24	it	it	PRON
fbem-5459	73	25	is	be	AUX
fbem-5459	73	26	the	the	DET
fbem-5459	73	27	so	so	ADV
fbem-5459	73	28	-	-	PUNCT
fbem-5459	73	29	called	call	VERB
fbem-5459	73	30	survival	survival	NOUN
fbem-5459	73	31	after	after	ADP
fbem-5459	73	32	death	death	NOUN
fbem-5459	73	33	.	.	PUNCT
fbem-5459	74	1	therefore	therefore	ADV
fbem-5459	74	2	,	,	PUNCT
fbem-5459	74	3	compared	compare	VERB
fbem-5459	74	4	with	with	ADP
fbem-5459	74	5	restricted	restricted	ADJ
fbem-5459	74	6	stock	stock	NOUN
fbem-5459	74	7	,	,	PUNCT
fbem-5459	74	8	stock	stock	NOUN
fbem-5459	74	9	options	option	NOUN
fbem-5459	74	10	have	have	VERB
fbem-5459	74	11	a	a	DET
fbem-5459	74	12	greater	great	ADJ
fbem-5459	74	13	incentive	incentive	NOUN
fbem-5459	74	14	effect	effect	NOUN
fbem-5459	74	15	on	on	ADP
fbem-5459	74	16	companies	company	NOUN
fbem-5459	74	17	in	in	ADP
fbem-5459	74	18	the	the	DET
fbem-5459	74	19	recession	recession	NOUN
fbem-5459	74	20	period	period	NOUN
fbem-5459	74	21	.	.	PUNCT
fbem-5459	75	1	in	in	ADP
fbem-5459	75	2	addition	addition	NOUN
fbem-5459	75	3	,	,	PUNCT
fbem-5459	75	4	corporate	corporate	ADJ
fbem-5459	75	5	profitability	profitability	NOUN
fbem-5459	75	6	in	in	ADP
fbem-5459	75	7	recessions	recession	NOUN
fbem-5459	75	8	is	be	AUX
fbem-5459	75	9	challenged	challenge	VERB
fbem-5459	75	10	,	,	PUNCT
fbem-5459	75	11	with	with	ADP
fbem-5459	75	12	declines	decline	NOUN
fbem-5459	75	13	in	in	ADP
fbem-5459	75	14	both	both	DET
fbem-5459	75	15	market	market	NOUN
fbem-5459	75	16	share	share	NOUN
fbem-5459	75	17	and	and	CCONJ
fbem-5459	75	18	175	175	NUM
fbem-5459	75	19	profitability	profitability	NOUN
fbem-5459	75	20	leading	lead	VERB
fbem-5459	75	21	to	to	ADP
fbem-5459	75	22	severe	severe	ADJ
fbem-5459	75	23	ratings	rating	NOUN
fbem-5459	75	24	impacts	impact	NOUN
fbem-5459	75	25	,	,	PUNCT
fbem-5459	75	26	difficulties	difficulty	NOUN
fbem-5459	75	27	and	and	CCONJ
fbem-5459	75	28	higher	high	ADJ
fbem-5459	75	29	financing	financing	NOUN
fbem-5459	75	30	costs	cost	NOUN
fbem-5459	75	31	.	.	PUNCT
fbem-5459	76	1	in	in	ADP
fbem-5459	76	2	order	order	NOUN
fbem-5459	76	3	to	to	PART
fbem-5459	76	4	focus	focus	VERB
fbem-5459	76	5	on	on	ADP
fbem-5459	76	6	the	the	DET
fbem-5459	76	7	pain	pain	NOUN
fbem-5459	76	8	of	of	ADP
fbem-5459	76	9	transformation	transformation	NOUN
fbem-5459	76	10	and	and	CCONJ
fbem-5459	76	11	the	the	DET
fbem-5459	76	12	lack	lack	NOUN
fbem-5459	76	13	of	of	ADP
fbem-5459	76	14	resources	resource	NOUN
fbem-5459	76	15	,	,	PUNCT
fbem-5459	76	16	the	the	DET
fbem-5459	76	17	low	low	ADJ
fbem-5459	76	18	cost	cost	NOUN
fbem-5459	76	19	of	of	ADP
fbem-5459	76	20	stock	stock	NOUN
fbem-5459	76	21	options	option	NOUN
fbem-5459	76	22	is	be	AUX
fbem-5459	76	23	obviously	obviously	ADV
fbem-5459	76	24	suitable	suitable	ADJ
fbem-5459	76	25	for	for	ADP
fbem-5459	76	26	enterprises	enterprise	NOUN
fbem-5459	76	27	in	in	ADP
fbem-5459	76	28	recession	recession	NOUN
fbem-5459	76	29	that	that	PRON
fbem-5459	76	30	want	want	VERB
fbem-5459	76	31	to	to	PART
fbem-5459	76	32	transform	transform	VERB
fbem-5459	76	33	.	.	PUNCT
fbem-5459	77	1	finally	finally	ADV
fbem-5459	77	2	,	,	PUNCT
fbem-5459	77	3	rebuilding	rebuild	VERB
fbem-5459	77	4	competitive	competitive	ADJ
fbem-5459	77	5	advantages	advantage	NOUN
fbem-5459	77	6	and	and	CCONJ
fbem-5459	77	7	completing	complete	VERB
fbem-5459	77	8	the	the	DET
fbem-5459	77	9	transition	transition	NOUN
fbem-5459	77	10	of	of	ADP
fbem-5459	77	11	life	life	NOUN
fbem-5459	77	12	cycle	cycle	NOUN
fbem-5459	77	13	smoothly	smoothly	ADV
fbem-5459	77	14	and	and	CCONJ
fbem-5459	77	15	quickly	quickly	ADV
fbem-5459	77	16	are	be	AUX
fbem-5459	77	17	the	the	DET
fbem-5459	77	18	main	main	ADJ
fbem-5459	77	19	incentive	incentive	NOUN
fbem-5459	77	20	goals	goal	NOUN
fbem-5459	77	21	of	of	ADP
fbem-5459	77	22	declining	decline	VERB
fbem-5459	77	23	enterprises	enterprise	NOUN
fbem-5459	77	24	,	,	PUNCT
fbem-5459	77	25	which	which	PRON
fbem-5459	77	26	requires	require	VERB
fbem-5459	77	27	managers	manager	NOUN
fbem-5459	77	28	to	to	PART
fbem-5459	77	29	have	have	VERB
fbem-5459	77	30	greater	great	ADJ
fbem-5459	77	31	risk	risk	NOUN
fbem-5459	77	32	-	-	PUNCT
fbem-5459	77	33	taking	taking	NOUN
fbem-5459	77	34	ability[8	ability[8	NOUN
fbem-5459	77	35	]	]	PUNCT
fbem-5459	77	36	.	.	PUNCT
fbem-5459	78	1	the	the	DET
fbem-5459	78	2	essence	essence	NOUN
fbem-5459	78	3	of	of	ADP
fbem-5459	78	4	stock	stock	NOUN
fbem-5459	78	5	option	option	NOUN
fbem-5459	78	6	is	be	AUX
fbem-5459	78	7	an	an	DET
fbem-5459	78	8	option	option	NOUN
fbem-5459	78	9	with	with	ADP
fbem-5459	78	10	additional	additional	ADJ
fbem-5459	78	11	corporate	corporate	ADJ
fbem-5459	78	12	performance	performance	NOUN
fbem-5459	78	13	requirements	requirement	NOUN
fbem-5459	78	14	,	,	PUNCT
fbem-5459	78	15	that	that	ADV
fbem-5459	78	16	is	is	ADV
fbem-5459	78	17	,	,	PUNCT
fbem-5459	78	18	a	a	DET
fbem-5459	78	19	right	right	NOUN
fbem-5459	78	20	,	,	PUNCT
fbem-5459	78	21	and	and	CCONJ
fbem-5459	78	22	the	the	DET
fbem-5459	78	23	rights	right	NOUN
fbem-5459	78	24	and	and	CCONJ
fbem-5459	78	25	obligations	obligation	NOUN
fbem-5459	78	26	of	of	ADP
fbem-5459	78	27	the	the	DET
fbem-5459	78	28	option	option	NOUN
fbem-5459	78	29	are	be	AUX
fbem-5459	78	30	asymmetric	asymmetric	ADJ
fbem-5459	78	31	,	,	PUNCT
fbem-5459	78	32	so	so	SCONJ
fbem-5459	78	33	the	the	DET
fbem-5459	78	34	rights	right	NOUN
fbem-5459	78	35	and	and	CCONJ
fbem-5459	78	36	obligations	obligation	NOUN
fbem-5459	78	37	of	of	ADP
fbem-5459	78	38	the	the	DET
fbem-5459	78	39	stock	stock	NOUN
fbem-5459	78	40	option	option	NOUN
fbem-5459	78	41	are	be	AUX
fbem-5459	78	42	also	also	ADV
fbem-5459	78	43	asymmetric	asymmetric	ADJ
fbem-5459	78	44	,	,	PUNCT
fbem-5459	78	45	which	which	PRON
fbem-5459	78	46	can	can	AUX
fbem-5459	78	47	guarantee	guarantee	VERB
fbem-5459	78	48	the	the	DET
fbem-5459	78	49	elimination	elimination	NOUN
fbem-5459	78	50	of	of	ADP
fbem-5459	78	51	the	the	DET
fbem-5459	78	52	risk	risk	NOUN
fbem-5459	78	53	concerns	concern	NOUN
fbem-5459	78	54	of	of	ADP
fbem-5459	78	55	the	the	DET
fbem-5459	78	56	incentive	incentive	NOUN
fbem-5459	78	57	object	object	NOUN
fbem-5459	78	58	.	.	PUNCT
fbem-5459	79	1	on	on	ADP
fbem-5459	79	2	the	the	DET
fbem-5459	79	3	other	other	ADJ
fbem-5459	79	4	hand	hand	NOUN
fbem-5459	79	5	,	,	PUNCT
fbem-5459	79	6	when	when	SCONJ
fbem-5459	79	7	the	the	DET
fbem-5459	79	8	stock	stock	NOUN
fbem-5459	79	9	price	price	NOUN
fbem-5459	79	10	of	of	ADP
fbem-5459	79	11	the	the	DET
fbem-5459	79	12	company	company	NOUN
fbem-5459	79	13	rises	rise	VERB
fbem-5459	79	14	,	,	PUNCT
fbem-5459	79	15	the	the	DET
fbem-5459	79	16	incentivized	incentivize	VERB
fbem-5459	79	17	object	object	NOUN
fbem-5459	79	18	can	can	AUX
fbem-5459	79	19	choose	choose	VERB
fbem-5459	79	20	to	to	PART
fbem-5459	79	21	exercise	exercise	VERB
fbem-5459	79	22	the	the	DET
fbem-5459	79	23	option	option	NOUN
fbem-5459	79	24	to	to	PART
fbem-5459	79	25	obtain	obtain	VERB
fbem-5459	79	26	benefits	benefit	NOUN
fbem-5459	79	27	.	.	PUNCT
fbem-5459	80	1	therefore	therefore	ADV
fbem-5459	80	2	,	,	PUNCT
fbem-5459	80	3	stock	stock	NOUN
fbem-5459	80	4	options	option	NOUN
fbem-5459	80	5	can	can	AUX
fbem-5459	80	6	not	not	PART
fbem-5459	80	7	only	only	ADV
fbem-5459	80	8	bind	bind	VERB
fbem-5459	80	9	the	the	DET
fbem-5459	80	10	interests	interest	NOUN
fbem-5459	80	11	of	of	ADP
fbem-5459	80	12	the	the	DET
fbem-5459	80	13	incentive	incentive	NOUN
fbem-5459	80	14	object	object	NOUN
fbem-5459	80	15	with	with	ADP
fbem-5459	80	16	the	the	DET
fbem-5459	80	17	longterm	longterm	ADJ
fbem-5459	80	18	interests	interest	NOUN
fbem-5459	80	19	of	of	ADP
fbem-5459	80	20	the	the	DET
fbem-5459	80	21	enterprise	enterprise	NOUN
fbem-5459	80	22	,	,	PUNCT
fbem-5459	80	23	but	but	CCONJ
fbem-5459	80	24	also	also	ADV
fbem-5459	80	25	improve	improve	VERB
fbem-5459	80	26	the	the	DET
fbem-5459	80	27	risktaking	risktake	VERB
fbem-5459	80	28	level	level	NOUN
fbem-5459	80	29	of	of	ADP
fbem-5459	80	30	the	the	DET
fbem-5459	80	31	incentive	incentive	NOUN
fbem-5459	80	32	object	object	NOUN
fbem-5459	80	33	,	,	PUNCT
fbem-5459	80	34	which	which	PRON
fbem-5459	80	35	is	be	AUX
fbem-5459	80	36	more	more	ADV
fbem-5459	80	37	suitable	suitable	ADJ
fbem-5459	80	38	for	for	ADP
fbem-5459	80	39	the	the	DET
fbem-5459	80	40	development	development	NOUN
fbem-5459	80	41	strategy	strategy	NOUN
fbem-5459	80	42	of	of	ADP
fbem-5459	80	43	high	high	ADJ
fbem-5459	80	44	-	-	PUNCT
fbem-5459	80	45	risk	risk	NOUN
fbem-5459	80	46	enterprises	enterprise	NOUN
fbem-5459	80	47	seeking	seek	VERB
fbem-5459	80	48	transformation	transformation	NOUN
fbem-5459	80	49	in	in	ADP
fbem-5459	80	50	the	the	DET
fbem-5459	80	51	recession	recession	NOUN
fbem-5459	80	52	period	period	NOUN
fbem-5459	80	53	.	.	PUNCT
fbem-5459	81	1	at	at	ADP
fbem-5459	81	2	the	the	DET
fbem-5459	81	3	same	same	ADJ
fbem-5459	81	4	time	time	NOUN
fbem-5459	81	5	,	,	PUNCT
fbem-5459	81	6	it	it	PRON
fbem-5459	81	7	should	should	AUX
fbem-5459	81	8	be	be	AUX
fbem-5459	81	9	noted	note	VERB
fbem-5459	81	10	that	that	SCONJ
fbem-5459	81	11	the	the	DET
fbem-5459	81	12	goal	goal	NOUN
fbem-5459	81	13	of	of	ADP
fbem-5459	81	14	implementing	implement	VERB
fbem-5459	81	15	equity	equity	NOUN
fbem-5459	81	16	incentive	incentive	NOUN
fbem-5459	81	17	for	for	ADP
fbem-5459	81	18	enterprises	enterprise	NOUN
fbem-5459	81	19	in	in	ADP
fbem-5459	81	20	the	the	DET
fbem-5459	81	21	elimination	elimination	NOUN
fbem-5459	81	22	period	period	NOUN
fbem-5459	81	23	is	be	AUX
fbem-5459	81	24	also	also	ADV
fbem-5459	81	25	different	different	ADJ
fbem-5459	81	26	from	from	ADP
fbem-5459	81	27	that	that	PRON
fbem-5459	81	28	of	of	ADP
fbem-5459	81	29	enterprises	enterprise	NOUN
fbem-5459	81	30	in	in	ADP
fbem-5459	81	31	the	the	DET
fbem-5459	81	32	transformation	transformation	NOUN
fbem-5459	81	33	period	period	NOUN
fbem-5459	81	34	.	.	PUNCT
fbem-5459	82	1	therefore	therefore	ADV
fbem-5459	82	2	,	,	PUNCT
fbem-5459	82	3	we	we	PRON
fbem-5459	82	4	hypothesize	hypothesize	VERB
fbem-5459	82	5	that	that	SCONJ
fbem-5459	82	6	:	:	PUNCT
fbem-5459	82	7	h3	h3	VERB
fbem-5459	82	8	.	.	PUNCT
fbem-5459	83	1	specifically	specifically	ADV
fbem-5459	83	2	,	,	PUNCT
fbem-5459	83	3	the	the	DET
fbem-5459	83	4	promotion	promotion	NOUN
fbem-5459	83	5	effect	effect	NOUN
fbem-5459	83	6	of	of	ADP
fbem-5459	83	7	stock	stock	NOUN
fbem-5459	83	8	option	option	NOUN
fbem-5459	83	9	incentive	incentive	NOUN
fbem-5459	83	10	on	on	ADP
fbem-5459	83	11	innovation	innovation	NOUN
fbem-5459	83	12	performance	performance	NOUN
fbem-5459	83	13	of	of	ADP
fbem-5459	83	14	companies	company	NOUN
fbem-5459	83	15	in	in	ADP
fbem-5459	83	16	the	the	DET
fbem-5459	83	17	growth	growth	NOUN
fbem-5459	83	18	stage	stage	NOUN
fbem-5459	83	19	is	be	AUX
fbem-5459	83	20	better	well	ADJ
fbem-5459	83	21	than	than	ADP
fbem-5459	83	22	that	that	PRON
fbem-5459	83	23	of	of	ADP
fbem-5459	83	24	restricted	restricted	ADJ
fbem-5459	83	25	stock	stock	NOUN
fbem-5459	83	26	;	;	PUNCT
fbem-5459	83	27	the	the	DET
fbem-5459	83	28	single	single	ADJ
fbem-5459	83	29	incentive	incentive	NOUN
fbem-5459	83	30	method	method	NOUN
fbem-5459	83	31	in	in	ADP
fbem-5459	83	32	the	the	DET
fbem-5459	83	33	mature	mature	ADJ
fbem-5459	83	34	stage	stage	NOUN
fbem-5459	83	35	has	have	VERB
fbem-5459	83	36	no	no	DET
fbem-5459	83	37	significant	significant	ADJ
fbem-5459	83	38	impact	impact	NOUN
fbem-5459	83	39	on	on	ADP
fbem-5459	83	40	innovation	innovation	NOUN
fbem-5459	83	41	performance	performance	NOUN
fbem-5459	83	42	;	;	PUNCT
fbem-5459	83	43	the	the	DET
fbem-5459	83	44	implementation	implementation	NOUN
fbem-5459	83	45	of	of	ADP
fbem-5459	83	46	stock	stock	NOUN
fbem-5459	83	47	option	option	NOUN
fbem-5459	83	48	in	in	ADP
fbem-5459	83	49	the	the	DET
fbem-5459	83	50	transformation	transformation	NOUN
fbem-5459	83	51	stage	stage	NOUN
fbem-5459	83	52	is	be	AUX
fbem-5459	83	53	similar	similar	ADJ
fbem-5459	83	54	to	to	ADP
fbem-5459	83	55	that	that	PRON
fbem-5459	83	56	in	in	ADP
fbem-5459	83	57	the	the	DET
fbem-5459	83	58	growth	growth	NOUN
fbem-5459	83	59	stage	stage	NOUN
fbem-5459	83	60	,	,	PUNCT
fbem-5459	83	61	and	and	CCONJ
fbem-5459	83	62	has	have	VERB
fbem-5459	83	63	better	well	ADJ
fbem-5459	83	64	promotion	promotion	NOUN
fbem-5459	83	65	effect	effect	NOUN
fbem-5459	83	66	on	on	ADP
fbem-5459	83	67	innovation	innovation	NOUN
fbem-5459	83	68	performance	performance	NOUN
fbem-5459	83	69	.	.	PUNCT
fbem-5459	84	1	3	3	X
fbem-5459	84	2	.	.	X
fbem-5459	84	3	research	research	NOUN
fbem-5459	84	4	design	design	PROPN
fbem-5459	84	5	3.1	3.1	NUM
fbem-5459	84	6	.	.	PUNCT
fbem-5459	85	1	data	datum	NOUN
fbem-5459	85	2	this	this	DET
fbem-5459	85	3	paper	paper	NOUN
fbem-5459	85	4	uses	use	VERB
fbem-5459	85	5	a	a	DET
fbem-5459	85	6	-	-	PUNCT
fbem-5459	85	7	share	share	NOUN
fbem-5459	85	8	listed	list	VERB
fbem-5459	85	9	companies	company	NOUN
fbem-5459	85	10	from	from	ADP
fbem-5459	85	11	2007	2007	NUM
fbem-5459	85	12	to	to	ADP
fbem-5459	85	13	2019	2019	NUM
fbem-5459	85	14	as	as	ADP
fbem-5459	85	15	the	the	DET
fbem-5459	85	16	original	original	ADJ
fbem-5459	85	17	sample	sample	NOUN
fbem-5459	85	18	,	,	PUNCT
fbem-5459	85	19	from	from	ADP
fbem-5459	85	20	the	the	DET
fbem-5459	85	21	csmar	csmar	PROPN
fbem-5459	85	22	database	database	NOUN
fbem-5459	85	23	,	,	PUNCT
fbem-5459	85	24	and	and	CCONJ
fbem-5459	85	25	excludes	exclude	VERB
fbem-5459	85	26	enterprises	enterprise	NOUN
fbem-5459	85	27	with	with	ADP
fbem-5459	85	28	missing	miss	VERB
fbem-5459	85	29	data	datum	NOUN
fbem-5459	85	30	on	on	ADP
fbem-5459	85	31	innovation	innovation	NOUN
fbem-5459	85	32	performance	performance	NOUN
fbem-5459	85	33	measurement	measurement	NOUN
fbem-5459	85	34	,	,	PUNCT
fbem-5459	85	35	enterprises	enterprise	NOUN
fbem-5459	85	36	with	with	ADP
fbem-5459	85	37	missing	miss	VERB
fbem-5459	85	38	data	datum	NOUN
fbem-5459	85	39	on	on	ADP
fbem-5459	85	40	life	life	NOUN
fbem-5459	85	41	cycle	cycle	NOUN
fbem-5459	85	42	measurement	measurement	NOUN
fbem-5459	85	43	,	,	PUNCT
fbem-5459	85	44	enterprises	enterprise	NOUN
fbem-5459	85	45	with	with	ADP
fbem-5459	85	46	financial	financial	ADJ
fbem-5459	85	47	and	and	CCONJ
fbem-5459	85	48	insurance	insurance	NOUN
fbem-5459	85	49	industry	industry	NOUN
fbem-5459	85	50	nature	nature	NOUN
fbem-5459	85	51	,	,	PUNCT
fbem-5459	85	52	schemes	scheme	NOUN
fbem-5459	85	53	with	with	ADP
fbem-5459	85	54	compound	compound	NOUN
fbem-5459	85	55	incentive	incentive	NOUN
fbem-5459	85	56	methods	method	NOUN
fbem-5459	85	57	,	,	PUNCT
fbem-5459	85	58	stock	stock	NOUN
fbem-5459	85	59	appreciation	appreciation	NOUN
fbem-5459	85	60	rights	right	NOUN
fbem-5459	85	61	and	and	CCONJ
fbem-5459	85	62	virtual	virtual	ADJ
fbem-5459	85	63	stocks	stock	NOUN
fbem-5459	85	64	,	,	PUNCT
fbem-5459	85	65	and	and	CCONJ
fbem-5459	85	66	st	st	PROPN
fbem-5459	85	67	companies	company	NOUN
fbem-5459	85	68	.	.	PUNCT
fbem-5459	86	1	in	in	ADP
fbem-5459	86	2	addition	addition	NOUN
fbem-5459	86	3	,	,	PUNCT
fbem-5459	86	4	we	we	PRON
fbem-5459	86	5	winsorize	winsorize	VERB
fbem-5459	86	6	the	the	DET
fbem-5459	86	7	data	datum	NOUN
fbem-5459	86	8	at	at	ADP
fbem-5459	86	9	the	the	DET
fbem-5459	86	10	1	1	NUM
fbem-5459	86	11	%	%	NOUN
fbem-5459	86	12	and	and	CCONJ
fbem-5459	86	13	99	99	NUM
fbem-5459	86	14	%	%	NOUN
fbem-5459	86	15	levels	level	NOUN
fbem-5459	86	16	,	,	PUNCT
fbem-5459	86	17	and	and	CCONJ
fbem-5459	86	18	obtained	obtain	VERB
fbem-5459	86	19	5159	5159	NUM
fbem-5459	86	20	observations	observation	NOUN
fbem-5459	86	21	.	.	PUNCT
fbem-5459	87	1	this	this	DET
fbem-5459	87	2	paper	paper	NOUN
fbem-5459	87	3	mainly	mainly	ADV
fbem-5459	87	4	uses	use	VERB
fbem-5459	87	5	the	the	DET
fbem-5459	87	6	multiple	multiple	ADJ
fbem-5459	87	7	regression	regression	NOUN
fbem-5459	87	8	analysis	analysis	NOUN
fbem-5459	87	9	method	method	NOUN
fbem-5459	87	10	with	with	ADP
fbem-5459	87	11	stata17.0	stata17.0	PROPN
fbem-5459	87	12	.	.	PROPN
fbem-5459	87	13	3.2	3.2	NUM
fbem-5459	87	14	.	.	PUNCT
fbem-5459	88	1	research	research	NOUN
fbem-5459	88	2	method	method	NOUN
fbem-5459	88	3	to	to	PART
fbem-5459	88	4	test	test	VERB
fbem-5459	88	5	the	the	DET
fbem-5459	88	6	relationship	relationship	NOUN
fbem-5459	88	7	between	between	ADP
fbem-5459	88	8	equity	equity	NOUN
fbem-5459	88	9	incentive	incentive	NOUN
fbem-5459	88	10	and	and	CCONJ
fbem-5459	88	11	enterprise	enterprise	NOUN
fbem-5459	88	12	innovation	innovation	NOUN
fbem-5459	88	13	performance	performance	NOUN
fbem-5459	88	14	,	,	PUNCT
fbem-5459	88	15	this	this	DET
fbem-5459	88	16	paper	paper	NOUN
fbem-5459	88	17	constructs	construct	VERB
fbem-5459	88	18	the	the	DET
fbem-5459	88	19	following	following	ADJ
fbem-5459	88	20	model	model	NOUN
fbem-5459	88	21	,	,	PUNCT
fbem-5459	88	22	where	where	SCONJ
fbem-5459	88	23	controls	control	NOUN
fbem-5459	88	24	is	be	AUX
fbem-5459	88	25	the	the	DET
fbem-5459	88	26	control	control	NOUN
fbem-5459	88	27	variable	variable	NOUN
fbem-5459	88	28	:	:	PUNCT
fbem-5459	88	29	sum_applyi	sum_applyi	PROPN
fbem-5459	88	30	,	,	PUNCT
fbem-5459	88	31	t	t	NOUN
fbem-5459	88	32	=	=	SYM
fbem-5459	88	33	β1*eii	β1*eii	NOUN
fbem-5459	88	34	,	,	PUNCT
fbem-5459	88	35	t+σβ*controlsi	t+σβ*controlsi	PROPN
fbem-5459	88	36	,	,	PUNCT
fbem-5459	88	37	t	t	PROPN
fbem-5459	89	1	+	+	PROPN
fbem-5459	89	2	εi	εi	ADJ
fbem-5459	89	3	,	,	PUNCT
fbem-5459	89	4	t	t	PROPN
fbem-5459	89	5	(	(	PUNCT
fbem-5459	89	6	1	1	NUM
fbem-5459	89	7	)	)	PUNCT
fbem-5459	89	8	to	to	PART
fbem-5459	89	9	test	test	VERB
fbem-5459	89	10	the	the	DET
fbem-5459	89	11	relationship	relationship	NOUN
fbem-5459	89	12	between	between	ADP
fbem-5459	89	13	equity	equity	NOUN
fbem-5459	89	14	incentive	incentive	NOUN
fbem-5459	89	15	mode	mode	NOUN
fbem-5459	89	16	and	and	CCONJ
fbem-5459	89	17	enterprise	enterprise	NOUN
fbem-5459	89	18	innovation	innovation	NOUN
fbem-5459	89	19	performance	performance	NOUN
fbem-5459	89	20	,	,	PUNCT
fbem-5459	89	21	the	the	DET
fbem-5459	89	22	model	model	NOUN
fbem-5459	89	23	is	be	AUX
fbem-5459	89	24	constructed	construct	VERB
fbem-5459	89	25	as	as	SCONJ
fbem-5459	89	26	follows	follow	VERB
fbem-5459	89	27	:	:	PUNCT
fbem-5459	90	1	sum_applyi	sum_applyi	NUM
fbem-5459	90	2	,	,	PUNCT
fbem-5459	90	3	t	t	NOUN
fbem-5459	90	4	=	=	SYM
fbem-5459	90	5	β1*soi	β1*soi	PROPN
fbem-5459	90	6	,	,	PUNCT
fbem-5459	90	7	t+β*controlsi	t+β*controlsi	NUM
fbem-5459	90	8	,	,	PUNCT
fbem-5459	90	9	t+εi	t+εi	ADV
fbem-5459	90	10	,	,	PUNCT
fbem-5459	90	11	t	t	PROPN
fbem-5459	90	12	(	(	PUNCT
fbem-5459	90	13	2	2	NUM
fbem-5459	90	14	)	)	PUNCT
fbem-5459	90	15	sum_applyi	sum_applyi	PROPN
fbem-5459	90	16	,	,	PUNCT
fbem-5459	90	17	t	t	NOUN
fbem-5459	90	18	=	=	SYM
fbem-5459	90	19	β1*rsi	β1*rsi	PROPN
fbem-5459	90	20	,	,	PUNCT
fbem-5459	90	21	t+β*controlsi	t+β*controlsi	NUM
fbem-5459	90	22	,	,	PUNCT
fbem-5459	90	23	t+εi	t+εi	ADV
fbem-5459	90	24	,	,	PUNCT
fbem-5459	90	25	t	t	PROPN
fbem-5459	90	26	(	(	PUNCT
fbem-5459	90	27	2	2	NUM
fbem-5459	90	28	)	)	PUNCT
fbem-5459	90	29	to	to	PART
fbem-5459	90	30	test	test	VERB
fbem-5459	90	31	the	the	DET
fbem-5459	90	32	relationship	relationship	NOUN
fbem-5459	90	33	between	between	ADP
fbem-5459	90	34	enterprise	enterprise	NOUN
fbem-5459	90	35	life	life	NOUN
fbem-5459	90	36	cycle	cycle	NOUN
fbem-5459	90	37	and	and	CCONJ
fbem-5459	90	38	enterprise	enterprise	NOUN
fbem-5459	90	39	innovation	innovation	NOUN
fbem-5459	90	40	performance	performance	NOUN
fbem-5459	90	41	,	,	PUNCT
fbem-5459	90	42	according	accord	VERB
fbem-5459	90	43	to	to	ADP
fbem-5459	90	44	the	the	DET
fbem-5459	90	45	groups	group	NOUN
fbem-5459	90	46	of	of	ADP
fbem-5459	90	47	life	life	NOUN
fbem-5459	90	48	stage	stage	NOUN
fbem-5459	90	49	,	,	PUNCT
fbem-5459	90	50	model	model	NOUN
fbem-5459	90	51	(	(	PUNCT
fbem-5459	90	52	1	1	NUM
fbem-5459	90	53	)	)	PUNCT
fbem-5459	90	54	is	be	AUX
fbem-5459	90	55	used	use	VERB
fbem-5459	90	56	to	to	PART
fbem-5459	90	57	conduct	conduct	VERB
fbem-5459	90	58	three	three	NUM
fbem-5459	90	59	regressions	regression	NOUN
fbem-5459	90	60	to	to	PART
fbem-5459	90	61	analyze	analyze	VERB
fbem-5459	90	62	the	the	DET
fbem-5459	90	63	difference	difference	NOUN
fbem-5459	90	64	in	in	ADP
fbem-5459	90	65	the	the	DET
fbem-5459	90	66	effect	effect	NOUN
fbem-5459	90	67	of	of	ADP
fbem-5459	90	68	equity	equity	NOUN
fbem-5459	90	69	incentives	incentive	NOUN
fbem-5459	90	70	in	in	ADP
fbem-5459	90	71	different	different	ADJ
fbem-5459	90	72	life	life	NOUN
fbem-5459	90	73	cycles	cycle	NOUN
fbem-5459	90	74	.	.	PUNCT
fbem-5459	91	1	to	to	PART
fbem-5459	91	2	test	test	VERB
fbem-5459	91	3	the	the	DET
fbem-5459	91	4	difference	difference	NOUN
fbem-5459	91	5	between	between	ADP
fbem-5459	91	6	the	the	DET
fbem-5459	91	7	two	two	NUM
fbem-5459	91	8	types	type	NOUN
fbem-5459	91	9	of	of	ADP
fbem-5459	91	10	equity	equity	NOUN
fbem-5459	91	11	incentive	incentive	NOUN
fbem-5459	91	12	on	on	ADP
fbem-5459	91	13	innovation	innovation	NOUN
fbem-5459	91	14	performance	performance	NOUN
fbem-5459	91	15	under	under	ADP
fbem-5459	91	16	the	the	DET
fbem-5459	91	17	heterogeneity	heterogeneity	NOUN
fbem-5459	91	18	of	of	ADP
fbem-5459	91	19	life	life	NOUN
fbem-5459	91	20	cycle	cycle	NOUN
fbem-5459	91	21	,	,	PUNCT
fbem-5459	91	22	life	life	NOUN
fbem-5459	91	23	is	be	AUX
fbem-5459	91	24	further	far	ADV
fbem-5459	91	25	used	use	VERB
fbem-5459	91	26	as	as	ADP
fbem-5459	91	27	the	the	DET
fbem-5459	91	28	grouping	group	VERB
fbem-5459	91	29	variable	variable	NOUN
fbem-5459	91	30	,	,	PUNCT
fbem-5459	91	31	and	and	CCONJ
fbem-5459	91	32	three	three	NUM
fbem-5459	91	33	groups	group	NOUN
fbem-5459	91	34	of	of	ADP
fbem-5459	91	35	life	life	NOUN
fbem-5459	91	36	cycle	cycle	NOUN
fbem-5459	91	37	and	and	CCONJ
fbem-5459	91	38	two	two	NUM
fbem-5459	91	39	types	type	NOUN
fbem-5459	91	40	of	of	ADP
fbem-5459	91	41	incentive	incentive	NOUN
fbem-5459	91	42	methods	method	NOUN
fbem-5459	91	43	are	be	AUX
fbem-5459	91	44	divided	divide	VERB
fbem-5459	91	45	.	.	PUNCT
fbem-5459	92	1	table	table	NOUN
fbem-5459	92	2	1	1	NUM
fbem-5459	92	3	.	.	PUNCT
fbem-5459	93	1	variable	variable	ADJ
fbem-5459	93	2	definition	definition	NOUN
fbem-5459	93	3	variable	variable	ADJ
fbem-5459	93	4	definition	definition	NOUN
fbem-5459	93	5	sum_apply	sum_apply	ADP
fbem-5459	93	6	number	number	NOUN
fbem-5459	93	7	of	of	ADP
fbem-5459	93	8	patent	patent	NOUN
fbem-5459	93	9	applications	application	NOUN
fbem-5459	93	10	ei	ei	X
fbem-5459	93	11	if	if	SCONJ
fbem-5459	93	12	the	the	DET
fbem-5459	93	13	company	company	NOUN
fbem-5459	93	14	implements	implement	VERB
fbem-5459	93	15	equity	equity	NOUN
fbem-5459	93	16	incentive	incentive	NOUN
fbem-5459	93	17	,	,	PUNCT
fbem-5459	93	18	ei	ei	PROPN
fbem-5459	93	19	takes	take	VERB
fbem-5459	93	20	the	the	DET
fbem-5459	93	21	value	value	NOUN
fbem-5459	93	22	of	of	ADP
fbem-5459	93	23	1	1	NUM
fbem-5459	93	24	,	,	PUNCT
fbem-5459	93	25	otherwise	otherwise	ADV
fbem-5459	93	26	it	it	PRON
fbem-5459	93	27	is	be	AUX
fbem-5459	93	28	0	0	NUM
fbem-5459	93	29	so	so	CCONJ
fbem-5459	93	30	if	if	SCONJ
fbem-5459	93	31	the	the	DET
fbem-5459	93	32	company	company	NOUN
fbem-5459	93	33	implements	implement	VERB
fbem-5459	93	34	stock	stock	NOUN
fbem-5459	93	35	option	option	NOUN
fbem-5459	93	36	incentive	incentive	NOUN
fbem-5459	93	37	,	,	PUNCT
fbem-5459	93	38	so	so	ADV
fbem-5459	93	39	takes	take	VERB
fbem-5459	93	40	the	the	DET
fbem-5459	93	41	value	value	NOUN
fbem-5459	93	42	of	of	ADP
fbem-5459	93	43	1	1	NUM
fbem-5459	93	44	,	,	PUNCT
fbem-5459	93	45	otherwise	otherwise	ADV
fbem-5459	93	46	it	it	PRON
fbem-5459	93	47	is	be	AUX
fbem-5459	93	48	0	0	NUM
fbem-5459	93	49	rs	rs	NOUN
fbem-5459	93	50	if	if	SCONJ
fbem-5459	93	51	the	the	DET
fbem-5459	93	52	company	company	NOUN
fbem-5459	93	53	implements	implement	VERB
fbem-5459	93	54	restricted	restrict	VERB
fbem-5459	93	55	stock	stock	NOUN
fbem-5459	93	56	incentive	incentive	NOUN
fbem-5459	93	57	rs	rs	NOUN
fbem-5459	93	58	takes	take	VERB
fbem-5459	93	59	the	the	DET
fbem-5459	93	60	value	value	NOUN
fbem-5459	93	61	of	of	ADP
fbem-5459	93	62	1	1	NUM
fbem-5459	93	63	,	,	PUNCT
fbem-5459	93	64	otherwise	otherwise	ADV
fbem-5459	93	65	it	it	PRON
fbem-5459	93	66	is	be	AUX
fbem-5459	93	67	0	0	NUM
fbem-5459	93	68	vos	vos	NOUN
fbem-5459	93	69	annual	annual	ADJ
fbem-5459	93	70	standard	standard	ADJ
fbem-5459	93	71	deviation	deviation	NOUN
fbem-5459	93	72	of	of	ADP
fbem-5459	93	73	monthly	monthly	ADJ
fbem-5459	93	74	stock	stock	NOUN
fbem-5459	93	75	returns	return	NOUN
fbem-5459	93	76	of	of	ADP
fbem-5459	93	77	sample	sample	NOUN
fbem-5459	93	78	firms	firm	NOUN
fbem-5459	93	79	income	income	VERB
fbem-5459	93	80	operating	operate	VERB
fbem-5459	93	81	income	income	NOUN
fbem-5459	93	82	growth	growth	NOUN
fbem-5459	93	83	rate	rate	NOUN
fbem-5459	93	84	oncf_asset	oncf_asset	ADJ
fbem-5459	93	85	ratio	ratio	NOUN
fbem-5459	93	86	of	of	ADP
fbem-5459	93	87	net	net	ADJ
fbem-5459	93	88	cash	cash	NOUN
fbem-5459	93	89	flow	flow	NOUN
fbem-5459	93	90	from	from	ADP
fbem-5459	93	91	operating	operate	VERB
fbem-5459	93	92	activities	activity	NOUN
fbem-5459	93	93	to	to	ADP
fbem-5459	93	94	total	total	ADJ
fbem-5459	93	95	assets	asset	NOUN
fbem-5459	93	96	lnpay	lnpay	X
fbem-5459	93	97	natural	natural	ADJ
fbem-5459	93	98	logarithm	logarithm	NOUN
fbem-5459	93	99	of	of	ADP
fbem-5459	93	100	total	total	ADJ
fbem-5459	93	101	management	management	NOUN
fbem-5459	93	102	compensation	compensation	NOUN
fbem-5459	93	103	top1	top1	PROPN
fbem-5459	93	104	shareholding	shareholding	NOUN
fbem-5459	93	105	ratio	ratio	NOUN
fbem-5459	93	106	of	of	ADP
fbem-5459	93	107	the	the	DET
fbem-5459	93	108	largest	large	ADJ
fbem-5459	93	109	shareholder	shareholder	NOUN
fbem-5459	93	110	mhsr	mhsr	NOUN
fbem-5459	93	111	shareholding	shareholding	NOUN
fbem-5459	93	112	ratio	ratio	NOUN
fbem-5459	93	113	of	of	ADP
fbem-5459	93	114	senior	senior	ADJ
fbem-5459	93	115	management	management	NOUN
fbem-5459	93	116	dual	dual	ADV
fbem-5459	93	117	if	if	SCONJ
fbem-5459	93	118	the	the	DET
fbem-5459	93	119	general	general	ADJ
fbem-5459	93	120	manager	manager	NOUN
fbem-5459	93	121	and	and	CCONJ
fbem-5459	93	122	the	the	DET
fbem-5459	93	123	chairman	chairman	NOUN
fbem-5459	93	124	of	of	ADP
fbem-5459	93	125	the	the	DET
fbem-5459	93	126	board	board	NOUN
fbem-5459	93	127	are	be	AUX
fbem-5459	93	128	the	the	DET
fbem-5459	93	129	same	same	ADJ
fbem-5459	93	130	person	person	NOUN
fbem-5459	93	131	,	,	PUNCT
fbem-5459	93	132	the	the	DET
fbem-5459	93	133	value	value	NOUN
fbem-5459	93	134	of	of	ADP
fbem-5459	93	135	dual	dual	ADJ
fbem-5459	93	136	is	be	AUX
fbem-5459	93	137	1	1	NUM
fbem-5459	93	138	;	;	PUNCT
fbem-5459	93	139	otherwise	otherwise	ADV
fbem-5459	93	140	,	,	PUNCT
fbem-5459	93	141	it	it	PRON
fbem-5459	93	142	is	be	AUX
fbem-5459	93	143	0	0	NUM
fbem-5459	93	144	indboard	indboard	NOUN
fbem-5459	93	145	proportion	proportion	NOUN
fbem-5459	93	146	of	of	ADP
fbem-5459	93	147	independent	independent	ADJ
fbem-5459	93	148	directors	director	NOUN
fbem-5459	93	149	lnboard	lnboard	VERB
fbem-5459	93	150	natural	natural	ADJ
fbem-5459	93	151	logarithm	logarithm	NOUN
fbem-5459	93	152	of	of	ADP
fbem-5459	93	153	the	the	DET
fbem-5459	93	154	number	number	NOUN
fbem-5459	93	155	of	of	ADP
fbem-5459	93	156	board	board	NOUN
fbem-5459	93	157	members	member	NOUN
fbem-5459	93	158	lnstuff	lnstuff	VERB
fbem-5459	93	159	natural	natural	ADJ
fbem-5459	93	160	logarithm	logarithm	NOUN
fbem-5459	93	161	of	of	ADP
fbem-5459	93	162	the	the	DET
fbem-5459	93	163	number	number	NOUN
fbem-5459	93	164	of	of	ADP
fbem-5459	93	165	employees	employee	NOUN
fbem-5459	93	166	equitynatureid	equitynatureid	NOUN
fbem-5459	93	167	if	if	SCONJ
fbem-5459	93	168	the	the	DET
fbem-5459	93	169	ultimate	ultimate	ADJ
fbem-5459	93	170	controller	controller	NOUN
fbem-5459	93	171	is	be	AUX
fbem-5459	93	172	a	a	DET
fbem-5459	93	173	state	state	NOUN
fbem-5459	93	174	-	-	PUNCT
fbem-5459	93	175	owned	own	VERB
fbem-5459	93	176	entity	entity	NOUN
fbem-5459	93	177	,	,	PUNCT
fbem-5459	93	178	the	the	DET
fbem-5459	93	179	value	value	NOUN
fbem-5459	93	180	is	be	AUX
fbem-5459	93	181	1	1	NUM
fbem-5459	93	182	;	;	PUNCT
fbem-5459	93	183	otherwise	otherwise	ADV
fbem-5459	93	184	,	,	PUNCT
fbem-5459	93	185	it	it	PRON
fbem-5459	93	186	is	be	AUX
fbem-5459	93	187	0	0	NUM
fbem-5459	93	188	lnasset	lnasset	NOUN
fbem-5459	93	189	natural	natural	ADJ
fbem-5459	93	190	logarithm	logarithm	NOUN
fbem-5459	93	191	of	of	ADP
fbem-5459	93	192	total	total	ADJ
fbem-5459	93	193	assets	asset	NOUN
fbem-5459	93	194	roa	roa	PROPN
fbem-5459	93	195	return	return	VERB
fbem-5459	93	196	on	on	ADP
fbem-5459	93	197	total	total	ADJ
fbem-5459	93	198	assets	asset	NOUN
fbem-5459	93	199	lev	lev	PROPN
fbem-5459	93	200	total	total	ADJ
fbem-5459	93	201	asset	asset	NOUN
fbem-5459	93	202	-	-	PUNCT
fbem-5459	93	203	liability	liability	NOUN
fbem-5459	93	204	ratio	ratio	NOUN
fbem-5459	93	205	lnage	lnage	NOUN
fbem-5459	93	206	natural	natural	ADJ
fbem-5459	93	207	logarithm	logarithm	NOUN
fbem-5459	93	208	of	of	ADP
fbem-5459	93	209	the	the	DET
fbem-5459	93	210	number	number	NOUN
fbem-5459	93	211	of	of	ADP
fbem-5459	93	212	years	year	NOUN
fbem-5459	93	213	a	a	DET
fbem-5459	93	214	firm	firm	NOUN
fbem-5459	93	215	has	have	AUX
fbem-5459	93	216	been	be	AUX
fbem-5459	93	217	established	establish	VERB
fbem-5459	93	218	year	year	NOUN
fbem-5459	93	219	year	year	NOUN
fbem-5459	93	220	dummy	dummy	ADJ
fbem-5459	93	221	variable	variable	ADJ
fbem-5459	93	222	growth	growth	NOUN
fbem-5459	93	223	if	if	SCONJ
fbem-5459	93	224	the	the	DET
fbem-5459	93	225	enterprise	enterprise	NOUN
fbem-5459	93	226	is	be	AUX
fbem-5459	93	227	in	in	ADP
fbem-5459	93	228	the	the	DET
fbem-5459	93	229	growth	growth	NOUN
fbem-5459	93	230	stage	stage	NOUN
fbem-5459	93	231	,	,	PUNCT
fbem-5459	93	232	growth	growth	NOUN
fbem-5459	93	233	is	be	AUX
fbem-5459	93	234	1	1	NUM
fbem-5459	93	235	;	;	PUNCT
fbem-5459	93	236	otherwise	otherwise	ADV
fbem-5459	93	237	,	,	PUNCT
fbem-5459	93	238	it	it	PRON
fbem-5459	93	239	is	be	AUX
fbem-5459	93	240	0	0	NUM
fbem-5459	93	241	mature	mature	ADJ
fbem-5459	93	242	if	if	SCONJ
fbem-5459	93	243	the	the	DET
fbem-5459	93	244	enterprise	enterprise	NOUN
fbem-5459	93	245	is	be	AUX
fbem-5459	93	246	in	in	ADP
fbem-5459	93	247	the	the	DET
fbem-5459	93	248	mature	mature	ADJ
fbem-5459	93	249	stage	stage	NOUN
fbem-5459	93	250	,	,	PUNCT
fbem-5459	93	251	mature	mature	ADJ
fbem-5459	93	252	takes	take	VERB
fbem-5459	93	253	1	1	NUM
fbem-5459	93	254	;	;	PUNCT
fbem-5459	93	255	otherwise	otherwise	ADV
fbem-5459	93	256	,	,	PUNCT
fbem-5459	93	257	it	it	PRON
fbem-5459	93	258	takes	take	VERB
fbem-5459	93	259	0	0	NUM
fbem-5459	93	260	decline	decline	NOUN
fbem-5459	93	261	if	if	SCONJ
fbem-5459	93	262	the	the	DET
fbem-5459	93	263	enterprise	enterprise	NOUN
fbem-5459	93	264	is	be	AUX
fbem-5459	93	265	in	in	ADP
fbem-5459	93	266	the	the	DET
fbem-5459	93	267	decline	decline	NOUN
fbem-5459	93	268	stage	stage	NOUN
fbem-5459	93	269	,	,	PUNCT
fbem-5459	93	270	decline	decline	NOUN
fbem-5459	93	271	takes	take	VERB
fbem-5459	93	272	1	1	NUM
fbem-5459	93	273	;	;	PUNCT
fbem-5459	93	274	otherwise	otherwise	ADV
fbem-5459	93	275	,	,	PUNCT
fbem-5459	93	276	it	it	PRON
fbem-5459	93	277	takes	take	VERB
fbem-5459	93	278	0	0	NUM
fbem-5459	93	279	176	176	NUM
fbem-5459	93	280	4	4	NUM
fbem-5459	93	281	.	.	PUNCT
fbem-5459	93	282	results	result	NOUN
fbem-5459	93	283	and	and	CCONJ
fbem-5459	93	284	discussion	discussion	NOUN
fbem-5459	93	285	through	through	ADP
fbem-5459	93	286	descriptive	descriptive	ADJ
fbem-5459	93	287	statistics	statistic	NOUN
fbem-5459	93	288	,	,	PUNCT
fbem-5459	93	289	correlation	correlation	NOUN
fbem-5459	93	290	analysis	analysis	NOUN
fbem-5459	93	291	,	,	PUNCT
fbem-5459	93	292	collinearity	collinearity	NOUN
fbem-5459	93	293	diagnosis	diagnosis	NOUN
fbem-5459	93	294	and	and	CCONJ
fbem-5459	93	295	hausman	hausman	ADJ
fbem-5459	93	296	test	test	NOUN
fbem-5459	93	297	,	,	PUNCT
fbem-5459	93	298	this	this	DET
fbem-5459	93	299	paper	paper	NOUN
fbem-5459	93	300	verifies	verify	VERB
fbem-5459	93	301	the	the	DET
fbem-5459	93	302	feasibility	feasibility	NOUN
fbem-5459	93	303	of	of	ADP
fbem-5459	93	304	model	model	NOUN
fbem-5459	93	305	design	design	NOUN
fbem-5459	93	306	.	.	PUNCT
fbem-5459	94	1	the	the	DET
fbem-5459	94	2	regression	regression	NOUN
fbem-5459	94	3	results	result	NOUN
fbem-5459	94	4	of	of	ADP
fbem-5459	94	5	the	the	DET
fbem-5459	94	6	three	three	NUM
fbem-5459	94	7	hypotheses	hypothesis	NOUN
fbem-5459	94	8	are	be	AUX
fbem-5459	94	9	shown	show	VERB
fbem-5459	94	10	in	in	ADP
fbem-5459	94	11	the	the	DET
fbem-5459	94	12	following	follow	VERB
fbem-5459	94	13	table	table	NOUN
fbem-5459	94	14	:	:	PUNCT
fbem-5459	94	15	panel	panel	NOUN
fbem-5459	94	16	1	1	NUM
fbem-5459	94	17	-	-	SYM
fbem-5459	94	18	2	2	NUM
fbem-5459	94	19	shows	show	VERB
fbem-5459	94	20	the	the	DET
fbem-5459	94	21	regression	regression	NOUN
fbem-5459	94	22	results	result	NOUN
fbem-5459	94	23	of	of	ADP
fbem-5459	94	24	equity	equity	NOUN
fbem-5459	94	25	incentive	incentive	NOUN
fbem-5459	94	26	methods	method	NOUN
fbem-5459	94	27	on	on	ADP
fbem-5459	94	28	enterprise	enterprise	NOUN
fbem-5459	94	29	innovation	innovation	NOUN
fbem-5459	94	30	performance	performance	NOUN
fbem-5459	94	31	.	.	PUNCT
fbem-5459	95	1	according	accord	VERB
fbem-5459	95	2	to	to	ADP
fbem-5459	95	3	model	model	NOUN
fbem-5459	95	4	(	(	PUNCT
fbem-5459	95	5	2	2	NUM
fbem-5459	95	6	)	)	PUNCT
fbem-5459	95	7	and	and	CCONJ
fbem-5459	95	8	model	model	NOUN
fbem-5459	95	9	(	(	PUNCT
fbem-5459	95	10	3	3	NUM
fbem-5459	95	11	)	)	PUNCT
fbem-5459	95	12	,	,	PUNCT
fbem-5459	95	13	the	the	DET
fbem-5459	95	14	samples	sample	NOUN
fbem-5459	95	15	are	be	AUX
fbem-5459	95	16	divided	divide	VERB
fbem-5459	95	17	into	into	ADP
fbem-5459	95	18	three	three	NUM
fbem-5459	95	19	groups	group	NOUN
fbem-5459	95	20	of	of	ADP
fbem-5459	95	21	implementing	implement	VERB
fbem-5459	95	22	stock	stock	NOUN
fbem-5459	95	23	option	option	NOUN
fbem-5459	95	24	(	(	PUNCT
fbem-5459	95	25	so	so	ADV
fbem-5459	95	26	)	)	PUNCT
fbem-5459	95	27	,	,	PUNCT
fbem-5459	95	28	restricted	restrict	VERB
fbem-5459	95	29	stock	stock	NOUN
fbem-5459	95	30	(	(	PUNCT
fbem-5459	95	31	rs	rs	NOUN
fbem-5459	95	32	)	)	PUNCT
fbem-5459	95	33	and	and	CCONJ
fbem-5459	95	34	no	no	DET
fbem-5459	95	35	stock	stock	NOUN
fbem-5459	95	36	incentive	incentive	NOUN
fbem-5459	95	37	,	,	PUNCT
fbem-5459	95	38	and	and	CCONJ
fbem-5459	95	39	the	the	DET
fbem-5459	95	40	incentive	incentive	NOUN
fbem-5459	95	41	effect	effect	NOUN
fbem-5459	95	42	of	of	ADP
fbem-5459	95	43	different	different	ADJ
fbem-5459	95	44	stock	stock	NOUN
fbem-5459	95	45	incentive	incentive	NOUN
fbem-5459	95	46	methods	method	NOUN
fbem-5459	95	47	is	be	AUX
fbem-5459	95	48	tested	test	VERB
fbem-5459	95	49	.	.	PUNCT
fbem-5459	96	1	hypothesis	hypothesis	NOUN
fbem-5459	96	2	1	1	NUM
fbem-5459	96	3	is	be	AUX
fbem-5459	96	4	partially	partially	ADV
fbem-5459	96	5	verified	verify	VERB
fbem-5459	96	6	:	:	PUNCT
fbem-5459	96	7	compared	compare	VERB
fbem-5459	96	8	with	with	ADP
fbem-5459	96	9	restricted	restricted	ADJ
fbem-5459	96	10	stock	stock	NOUN
fbem-5459	96	11	,	,	PUNCT
fbem-5459	96	12	the	the	DET
fbem-5459	96	13	positive	positive	ADJ
fbem-5459	96	14	promotion	promotion	NOUN
fbem-5459	96	15	effect	effect	NOUN
fbem-5459	96	16	of	of	ADP
fbem-5459	96	17	stock	stock	NOUN
fbem-5459	96	18	option	option	NOUN
fbem-5459	96	19	is	be	AUX
fbem-5459	96	20	more	more	ADV
fbem-5459	96	21	obvious	obvious	ADJ
fbem-5459	96	22	.	.	PUNCT
fbem-5459	97	1	from	from	ADP
fbem-5459	97	2	panel	panel	NOUN
fbem-5459	97	3	3	3	NUM
fbem-5459	97	4	-	-	SYM
fbem-5459	97	5	5	5	NUM
fbem-5459	97	6	,	,	PUNCT
fbem-5459	97	7	the	the	DET
fbem-5459	97	8	regression	regression	NOUN
fbem-5459	97	9	results	result	NOUN
fbem-5459	97	10	of	of	ADP
fbem-5459	97	11	equity	equity	NOUN
fbem-5459	97	12	incentives	incentive	NOUN
fbem-5459	97	13	and	and	CCONJ
fbem-5459	97	14	innovation	innovation	NOUN
fbem-5459	97	15	performance	performance	NOUN
fbem-5459	97	16	under	under	ADP
fbem-5459	97	17	different	different	ADJ
fbem-5459	97	18	enterprise	enterprise	NOUN
fbem-5459	97	19	life	life	NOUN
fbem-5459	97	20	cycles	cycle	NOUN
fbem-5459	97	21	can	can	AUX
fbem-5459	97	22	be	be	AUX
fbem-5459	97	23	obtained	obtain	VERB
fbem-5459	97	24	.	.	PUNCT
fbem-5459	98	1	according	accord	VERB
fbem-5459	98	2	to	to	ADP
fbem-5459	98	3	the	the	DET
fbem-5459	98	4	cash	cash	NOUN
fbem-5459	98	5	flow	flow	NOUN
fbem-5459	98	6	of	of	ADP
fbem-5459	98	7	operation	operation	NOUN
fbem-5459	98	8	,	,	PUNCT
fbem-5459	98	9	financing	financing	NOUN
fbem-5459	98	10	and	and	CCONJ
fbem-5459	98	11	investment	investment	NOUN
fbem-5459	98	12	,	,	PUNCT
fbem-5459	98	13	the	the	DET
fbem-5459	98	14	samples	sample	NOUN
fbem-5459	98	15	are	be	AUX
fbem-5459	98	16	divided	divide	VERB
fbem-5459	98	17	into	into	ADP
fbem-5459	98	18	growth	growth	NOUN
fbem-5459	98	19	period	period	NOUN
fbem-5459	98	20	,	,	PUNCT
fbem-5459	98	21	maturity	maturity	NOUN
fbem-5459	98	22	period	period	NOUN
fbem-5459	98	23	and	and	CCONJ
fbem-5459	98	24	decline	decline	NOUN
fbem-5459	98	25	period	period	NOUN
fbem-5459	98	26	,	,	PUNCT
fbem-5459	98	27	including	include	VERB
fbem-5459	98	28	3105	3105	NUM
fbem-5459	98	29	samples	sample	NOUN
fbem-5459	98	30	in	in	ADP
fbem-5459	98	31	growth	growth	NOUN
fbem-5459	98	32	period	period	NOUN
fbem-5459	98	33	,	,	PUNCT
fbem-5459	98	34	1484	1484	NUM
fbem-5459	98	35	samples	sample	NOUN
fbem-5459	98	36	in	in	ADP
fbem-5459	98	37	maturity	maturity	NOUN
fbem-5459	98	38	period	period	NOUN
fbem-5459	98	39	and	and	CCONJ
fbem-5459	98	40	570	570	NUM
fbem-5459	98	41	samples	sample	NOUN
fbem-5459	98	42	in	in	ADP
fbem-5459	98	43	decline	decline	NOUN
fbem-5459	98	44	period	period	NOUN
fbem-5459	98	45	.	.	PUNCT
fbem-5459	99	1	the	the	DET
fbem-5459	99	2	results	result	NOUN
fbem-5459	99	3	show	show	VERB
fbem-5459	99	4	that	that	SCONJ
fbem-5459	99	5	the	the	DET
fbem-5459	99	6	effect	effect	NOUN
fbem-5459	99	7	of	of	ADP
fbem-5459	99	8	the	the	DET
fbem-5459	99	9	implementation	implementation	NOUN
fbem-5459	99	10	of	of	ADP
fbem-5459	99	11	equity	equity	NOUN
fbem-5459	99	12	incentive	incentive	NOUN
fbem-5459	99	13	in	in	ADP
fbem-5459	99	14	the	the	DET
fbem-5459	99	15	mature	mature	ADJ
fbem-5459	99	16	period	period	NOUN
fbem-5459	99	17	is	be	AUX
fbem-5459	99	18	not	not	PART
fbem-5459	99	19	as	as	ADV
fbem-5459	99	20	good	good	ADJ
fbem-5459	99	21	as	as	ADP
fbem-5459	99	22	that	that	PRON
fbem-5459	99	23	in	in	ADP
fbem-5459	99	24	the	the	DET
fbem-5459	99	25	growth	growth	NOUN
fbem-5459	99	26	and	and	CCONJ
fbem-5459	99	27	transformation	transformation	NOUN
fbem-5459	99	28	periods	period	NOUN
fbem-5459	99	29	.	.	PUNCT
fbem-5459	100	1	table	table	NOUN
fbem-5459	100	2	2	2	NUM
fbem-5459	100	3	.	.	PUNCT
fbem-5459	101	1	regression	regression	NOUN
fbem-5459	101	2	results	result	NOUN
fbem-5459	101	3	panel	panel	NOUN
fbem-5459	101	4	1	1	NUM
fbem-5459	101	5	panel	panel	NOUN
fbem-5459	101	6	2	2	NUM
fbem-5459	101	7	panel	panel	NOUN
fbem-5459	101	8	3	3	NUM
fbem-5459	101	9	panel	panel	NOUN
fbem-5459	101	10	4	4	NUM
fbem-5459	101	11	panel	panel	NOUN
fbem-5459	101	12	5	5	NUM
fbem-5459	101	13	sum_apply	sum_apply	ADV
fbem-5459	101	14	sum_apply	sum_apply	ADV
fbem-5459	101	15	sum_apply	sum_apply	ADV
fbem-5459	101	16	sum_apply	sum_apply	ADV
fbem-5459	101	17	sum_apply	sum_apply	ADV
fbem-5459	101	18	so	so	ADV
fbem-5459	101	19	47.213	47.213	NUM
fbem-5459	101	20	*	*	PUNCT
fbem-5459	101	21	*	*	PUNCT
fbem-5459	101	22	(	(	PUNCT
fbem-5459	101	23	22.071	22.071	NUM
fbem-5459	101	24	)	)	PUNCT
fbem-5459	101	25	rs	rs	NOUN
fbem-5459	101	26	9.671	9.671	NUM
fbem-5459	101	27	(	(	PUNCT
fbem-5459	101	28	8.132	8.132	NUM
fbem-5459	101	29	)	)	PUNCT
fbem-5459	101	30	ei	ei	ADP
fbem-5459	102	1	38.190	38.190	NUM
fbem-5459	102	2	*	*	NOUN
fbem-5459	102	3	*	*	X
fbem-5459	102	4	84.858	84.858	NUM
fbem-5459	102	5	*	*	PUNCT
fbem-5459	102	6	31.092	31.092	NUM
fbem-5459	102	7	*	*	SYM
fbem-5459	102	8	*	*	PUNCT
fbem-5459	102	9	(	(	PUNCT
fbem-5459	102	10	19.113	19.113	NUM
fbem-5459	102	11	)	)	PUNCT
fbem-5459	102	12	(	(	PUNCT
fbem-5459	102	13	50.454	50.454	NUM
fbem-5459	102	14	)	)	PUNCT
fbem-5459	102	15	(	(	PUNCT
fbem-5459	102	16	12.458	12.458	NUM
fbem-5459	102	17	)	)	PUNCT
fbem-5459	102	18	n	n	CCONJ
fbem-5459	103	1	5159.000	5159.000	NUM
fbem-5459	103	2	5159.000	5159.000	NUM
fbem-5459	103	3	3105.000	3105.000	NUM
fbem-5459	103	4	1484.000	1484.000	NUM
fbem-5459	103	5	570.000	570.000	NUM
fbem-5459	103	6	r2	r2	NOUN
fbem-5459	103	7	0.100	0.100	NUM
fbem-5459	103	8	0.094	0.094	NUM
fbem-5459	103	9	0.123	0.123	NUM
fbem-5459	103	10	0.088	0.088	NUM
fbem-5459	103	11	0.217	0.217	NUM
fbem-5459	103	12	adj	adj	NOUN
fbem-5459	103	13	.	.	PUNCT
fbem-5459	104	1	r2	r2	PROPN
fbem-5459	104	2	0.096	0.096	NUM
fbem-5459	104	3	0.090	0.090	NUM
fbem-5459	104	4	0.117	0.117	NUM
fbem-5459	104	5	0.075	0.075	NUM
fbem-5459	104	6	0.193	0.193	NUM
fbem-5459	104	7	year	year	NOUN
fbem-5459	105	1	yes	yes	INTJ
fbem-5459	106	1	yes	yes	INTJ
fbem-5459	107	1	yes	yes	INTJ
fbem-5459	108	1	yes	yes	INTJ
fbem-5459	109	1	yes	yes	INTJ
fbem-5459	109	2	from	from	ADP
fbem-5459	109	3	panel	panel	NOUN
fbem-5459	109	4	6	6	NUM
fbem-5459	109	5	-	-	SYM
fbem-5459	109	6	11	11	NUM
fbem-5459	109	7	,	,	PUNCT
fbem-5459	109	8	it	it	PRON
fbem-5459	109	9	can	can	AUX
fbem-5459	109	10	be	be	AUX
fbem-5459	109	11	seen	see	VERB
fbem-5459	109	12	that	that	SCONJ
fbem-5459	109	13	for	for	ADP
fbem-5459	109	14	enterprises	enterprise	NOUN
fbem-5459	109	15	in	in	ADP
fbem-5459	109	16	the	the	DET
fbem-5459	109	17	growth	growth	NOUN
fbem-5459	109	18	stage	stage	NOUN
fbem-5459	109	19	,	,	PUNCT
fbem-5459	109	20	the	the	DET
fbem-5459	109	21	adoption	adoption	NOUN
fbem-5459	109	22	of	of	ADP
fbem-5459	109	23	stock	stock	NOUN
fbem-5459	109	24	option	option	NOUN
fbem-5459	109	25	incentive	incentive	NOUN
fbem-5459	109	26	has	have	VERB
fbem-5459	109	27	an	an	DET
fbem-5459	109	28	obvious	obvious	ADJ
fbem-5459	109	29	positive	positive	ADJ
fbem-5459	109	30	promotion	promotion	NOUN
fbem-5459	109	31	effect	effect	NOUN
fbem-5459	109	32	on	on	ADP
fbem-5459	109	33	innovation	innovation	NOUN
fbem-5459	109	34	performance	performance	NOUN
fbem-5459	109	35	.	.	PUNCT
fbem-5459	110	1	hypothesis	hypothesis	NOUN
fbem-5459	110	2	3	3	NUM
fbem-5459	110	3	is	be	AUX
fbem-5459	110	4	partially	partially	ADV
fbem-5459	110	5	verified	verify	VERB
fbem-5459	110	6	:	:	PUNCT
fbem-5459	110	7	there	there	PRON
fbem-5459	110	8	is	be	VERB
fbem-5459	110	9	adaptability	adaptability	NOUN
fbem-5459	110	10	between	between	ADP
fbem-5459	110	11	the	the	DET
fbem-5459	110	12	life	life	NOUN
fbem-5459	110	13	cycle	cycle	NOUN
fbem-5459	110	14	and	and	CCONJ
fbem-5459	110	15	the	the	DET
fbem-5459	110	16	stock	stock	NOUN
fbem-5459	110	17	incentive	incentive	NOUN
fbem-5459	110	18	methods	method	NOUN
fbem-5459	110	19	.	.	PUNCT
fbem-5459	111	1	table	table	NOUN
fbem-5459	111	2	3	3	NUM
fbem-5459	111	3	.	.	PUNCT
fbem-5459	112	1	regression	regression	NOUN
fbem-5459	112	2	results	result	NOUN
fbem-5459	112	3	panel	panel	NOUN
fbem-5459	112	4	6	6	NUM
fbem-5459	112	5	panel	panel	NOUN
fbem-5459	112	6	7	7	NUM
fbem-5459	112	7	panel	panel	NOUN
fbem-5459	112	8	8	8	NUM
fbem-5459	112	9	panel	panel	NOUN
fbem-5459	112	10	9	9	NUM
fbem-5459	112	11	panel	panel	NOUN
fbem-5459	112	12	10	10	NUM
fbem-5459	112	13	panel	panel	NOUN
fbem-5459	112	14	11	11	NUM
fbem-5459	112	15	sum_apply	sum_apply	ADV
fbem-5459	112	16	sum_apply	sum_apply	ADV
fbem-5459	112	17	sum_apply	sum_apply	ADV
fbem-5459	112	18	sum_apply	sum_apply	ADV
fbem-5459	112	19	sum_apply	sum_apply	ADV
fbem-5459	112	20	sum_apply	sum_apply	ADV
fbem-5459	112	21	so	so	ADV
fbem-5459	112	22	61.462	61.462	NUM
fbem-5459	112	23	*	*	PUNCT
fbem-5459	112	24	-8.131	-8.131	X
fbem-5459	112	25	34.164	34.164	NUM
fbem-5459	112	26	*	*	NOUN
fbem-5459	112	27	*	*	PUNCT
fbem-5459	112	28	*	*	PUNCT
fbem-5459	112	29	(	(	PUNCT
fbem-5459	112	30	32.095	32.095	NUM
fbem-5459	112	31	)	)	PUNCT
fbem-5459	112	32	(	(	PUNCT
fbem-5459	112	33	36.179	36.179	NUM
fbem-5459	112	34	)	)	PUNCT
fbem-5459	112	35	(	(	PUNCT
fbem-5459	112	36	10.393	10.393	NUM
fbem-5459	112	37	)	)	PUNCT
fbem-5459	112	38	rs	r	NOUN
fbem-5459	112	39	7.978	7.978	NUM
fbem-5459	112	40	20.258	20.258	NUM
fbem-5459	112	41	60.583	60.583	NUM
fbem-5459	112	42	*	*	PUNCT
fbem-5459	112	43	*	*	PUNCT
fbem-5459	112	44	*	*	PUNCT
fbem-5459	112	45	(	(	PUNCT
fbem-5459	112	46	12.681	12.681	NUM
fbem-5459	112	47	)	)	PUNCT
fbem-5459	112	48	(	(	PUNCT
fbem-5459	112	49	24.848	24.848	NUM
fbem-5459	112	50	)	)	PUNCT
fbem-5459	112	51	(	(	PUNCT
fbem-5459	112	52	11.799	11.799	NUM
fbem-5459	112	53	)	)	PUNCT
fbem-5459	112	54	n	n	NOUN
fbem-5459	113	1	3105.000	3105.000	NUM
fbem-5459	113	2	1484.000	1484.000	NUM
fbem-5459	113	3	570.000	570.000	NUM
fbem-5459	113	4	3105.000	3105.000	NUM
fbem-5459	113	5	1484.000	1484.000	NUM
fbem-5459	113	6	570.000	570.000	NUM
fbem-5459	113	7	r2	r2	NOUN
fbem-5459	113	8	0.128	0.128	NUM
fbem-5459	113	9	0.079	0.079	NUM
fbem-5459	113	10	0.190	0.190	NUM
fbem-5459	113	11	0.119	0.119	NUM
fbem-5459	113	12	0.080	0.080	NUM
fbem-5459	113	13	0.196	0.196	NUM
fbem-5459	113	14	adj	adj	PROPN
fbem-5459	113	15	.	.	PROPN
fbem-5459	113	16	r2	r2	PROPN
fbem-5459	113	17	0.122	0.122	NUM
fbem-5459	113	18	0.066	0.066	NUM
fbem-5459	113	19	0.166	0.166	NUM
fbem-5459	113	20	0.113	0.113	NUM
fbem-5459	113	21	0.067	0.067	NUM
fbem-5459	113	22	0.173	0.173	NUM
fbem-5459	113	23	year	year	NOUN
fbem-5459	114	1	yes	yes	INTJ
fbem-5459	115	1	yes	yes	INTJ
fbem-5459	116	1	yes	yes	INTJ
fbem-5459	117	1	yes	yes	INTJ
fbem-5459	118	1	yes	yes	INTJ
fbem-5459	119	1	yes	yes	INTJ
fbem-5459	120	1	5	5	NUM
fbem-5459	120	2	.	.	PUNCT
fbem-5459	120	3	conclusions	conclusion	NOUN
fbem-5459	120	4	this	this	DET
fbem-5459	120	5	paper	paper	NOUN
fbem-5459	120	6	selects	select	VERB
fbem-5459	120	7	enterprises	enterprise	NOUN
fbem-5459	120	8	from	from	ADP
fbem-5459	120	9	2007	2007	NUM
fbem-5459	120	10	to	to	ADP
fbem-5459	120	11	2019	2019	NUM
fbem-5459	120	12	from	from	ADP
fbem-5459	120	13	china	china	PROPN
fbem-5459	120	14	's	's	PART
fbem-5459	120	15	a	a	DET
fbem-5459	120	16	-	-	PUNCT
fbem-5459	120	17	share	share	NOUN
fbem-5459	120	18	listed	list	VERB
fbem-5459	120	19	companies	company	NOUN
fbem-5459	120	20	as	as	ADP
fbem-5459	120	21	research	research	NOUN
fbem-5459	120	22	samples	sample	NOUN
fbem-5459	120	23	.	.	PUNCT
fbem-5459	121	1	first	first	ADV
fbem-5459	121	2	of	of	ADP
fbem-5459	121	3	all	all	PRON
fbem-5459	121	4	,	,	PUNCT
fbem-5459	121	5	the	the	DET
fbem-5459	121	6	concept	concept	NOUN
fbem-5459	121	7	definition	definition	NOUN
fbem-5459	121	8	and	and	CCONJ
fbem-5459	121	9	theoretical	theoretical	ADJ
fbem-5459	121	10	analysis	analysis	NOUN
fbem-5459	121	11	are	be	AUX
fbem-5459	121	12	carried	carry	VERB
fbem-5459	121	13	out	out	ADP
fbem-5459	121	14	,	,	PUNCT
fbem-5459	121	15	and	and	CCONJ
fbem-5459	121	16	on	on	ADP
fbem-5459	121	17	this	this	DET
fbem-5459	121	18	basis	basis	NOUN
fbem-5459	121	19	,	,	PUNCT
fbem-5459	121	20	the	the	DET
fbem-5459	121	21	research	research	NOUN
fbem-5459	121	22	hypothesis	hypothesis	NOUN
fbem-5459	121	23	is	be	AUX
fbem-5459	121	24	put	put	VERB
fbem-5459	121	25	forward	forward	ADV
fbem-5459	121	26	.	.	PUNCT
fbem-5459	122	1	then	then	ADV
fbem-5459	122	2	the	the	DET
fbem-5459	122	3	regression	regression	NOUN
fbem-5459	122	4	analysis	analysis	NOUN
fbem-5459	122	5	method	method	NOUN
fbem-5459	122	6	is	be	AUX
fbem-5459	122	7	used	use	VERB
fbem-5459	122	8	to	to	PART
fbem-5459	122	9	empirically	empirically	ADV
fbem-5459	122	10	analyze	analyze	VERB
fbem-5459	122	11	the	the	DET
fbem-5459	122	12	relationship	relationship	NOUN
fbem-5459	122	13	between	between	ADP
fbem-5459	122	14	enterprise	enterprise	NOUN
fbem-5459	122	15	innovation	innovation	NOUN
fbem-5459	122	16	performance	performance	NOUN
fbem-5459	122	17	and	and	CCONJ
fbem-5459	122	18	equity	equity	NOUN
fbem-5459	122	19	incentive	incentive	NOUN
fbem-5459	122	20	in	in	ADP
fbem-5459	122	21	different	different	ADJ
fbem-5459	122	22	life	life	NOUN
fbem-5459	122	23	cycle	cycle	NOUN
fbem-5459	122	24	stages	stage	NOUN
fbem-5459	122	25	,	,	PUNCT
fbem-5459	122	26	and	and	CCONJ
fbem-5459	122	27	the	the	DET
fbem-5459	122	28	research	research	NOUN
fbem-5459	122	29	hypothesis	hypothesis	NOUN
fbem-5459	122	30	is	be	AUX
fbem-5459	122	31	also	also	ADV
fbem-5459	122	32	carried	carry	VERB
fbem-5459	122	33	out	out	ADP
fbem-5459	122	34	,	,	PUNCT
fbem-5459	122	35	and	and	CCONJ
fbem-5459	122	36	the	the	DET
fbem-5459	122	37	following	follow	VERB
fbem-5459	122	38	conclusions	conclusion	NOUN
fbem-5459	122	39	are	be	AUX
fbem-5459	122	40	obtained	obtain	VERB
fbem-5459	122	41	:	:	PUNCT
fbem-5459	122	42	(	(	PUNCT
fbem-5459	122	43	1	1	X
fbem-5459	122	44	)	)	PUNCT
fbem-5459	122	45	the	the	DET
fbem-5459	122	46	implementation	implementation	NOUN
fbem-5459	122	47	of	of	ADP
fbem-5459	122	48	stock	stock	NOUN
fbem-5459	122	49	options	option	NOUN
fbem-5459	122	50	in	in	ADP
fbem-5459	122	51	a	a	DET
fbem-5459	122	52	-	-	PUNCT
fbem-5459	122	53	share	share	NOUN
fbem-5459	122	54	listed	list	VERB
fbem-5459	122	55	companies	company	NOUN
fbem-5459	122	56	has	have	VERB
fbem-5459	122	57	a	a	DET
fbem-5459	122	58	more	more	ADV
fbem-5459	122	59	obvious	obvious	ADJ
fbem-5459	122	60	positive	positive	ADJ
fbem-5459	122	61	incentive	incentive	NOUN
fbem-5459	122	62	effect	effect	NOUN
fbem-5459	122	63	on	on	ADP
fbem-5459	122	64	innovation	innovation	NOUN
fbem-5459	122	65	performance	performance	NOUN
fbem-5459	122	66	compared	compare	VERB
fbem-5459	122	67	with	with	ADP
fbem-5459	122	68	restricted	restricted	ADJ
fbem-5459	122	69	stock	stock	NOUN
fbem-5459	122	70	.	.	PUNCT
fbem-5459	123	1	(	(	PUNCT
fbem-5459	123	2	2	2	X
fbem-5459	123	3	)	)	PUNCT
fbem-5459	123	4	the	the	DET
fbem-5459	123	5	impact	impact	NOUN
fbem-5459	123	6	of	of	ADP
fbem-5459	123	7	equity	equity	NOUN
fbem-5459	123	8	incentive	incentive	NOUN
fbem-5459	123	9	on	on	ADP
fbem-5459	123	10	innovation	innovation	NOUN
fbem-5459	123	11	performance	performance	NOUN
fbem-5459	123	12	varies	vary	VERB
fbem-5459	123	13	with	with	ADP
fbem-5459	123	14	the	the	DET
fbem-5459	123	15	heterogeneity	heterogeneity	NOUN
fbem-5459	123	16	of	of	ADP
fbem-5459	123	17	the	the	DET
fbem-5459	123	18	company	company	NOUN
fbem-5459	123	19	's	's	PART
fbem-5459	123	20	life	life	NOUN
fbem-5459	123	21	cycle	cycle	NOUN
fbem-5459	123	22	:	:	PUNCT
fbem-5459	123	23	the	the	DET
fbem-5459	123	24	promotion	promotion	NOUN
fbem-5459	123	25	effect	effect	NOUN
fbem-5459	123	26	of	of	ADP
fbem-5459	123	27	equity	equity	NOUN
fbem-5459	123	28	incentive	incentive	NOUN
fbem-5459	123	29	on	on	ADP
fbem-5459	123	30	innovation	innovation	NOUN
fbem-5459	123	31	performance	performance	NOUN
fbem-5459	123	32	is	be	AUX
fbem-5459	123	33	more	more	ADV
fbem-5459	123	34	effective	effective	ADJ
fbem-5459	123	35	in	in	ADP
fbem-5459	123	36	the	the	DET
fbem-5459	123	37	growth	growth	NOUN
fbem-5459	123	38	and	and	CCONJ
fbem-5459	123	39	decline	decline	VERB
fbem-5459	123	40	period	period	NOUN
fbem-5459	123	41	of	of	ADP
fbem-5459	123	42	the	the	DET
fbem-5459	123	43	company	company	NOUN
fbem-5459	123	44	than	than	ADP
fbem-5459	123	45	in	in	ADP
fbem-5459	123	46	the	the	DET
fbem-5459	123	47	maturity	maturity	NOUN
fbem-5459	123	48	period	period	NOUN
fbem-5459	123	49	of	of	ADP
fbem-5459	123	50	the	the	DET
fbem-5459	123	51	company	company	NOUN
fbem-5459	123	52	.	.	PUNCT
fbem-5459	124	1	(	(	PUNCT
fbem-5459	124	2	3	3	X
fbem-5459	124	3	)	)	PUNCT
fbem-5459	124	4	due	due	ADP
fbem-5459	124	5	to	to	ADP
fbem-5459	124	6	the	the	DET
fbem-5459	124	7	different	different	ADJ
fbem-5459	124	8	life	life	NOUN
fbem-5459	124	9	cycles	cycle	NOUN
fbem-5459	124	10	of	of	ADP
fbem-5459	124	11	companies	company	NOUN
fbem-5459	124	12	,	,	PUNCT
fbem-5459	124	13	their	their	PRON
fbem-5459	124	14	stock	stock	NOUN
fbem-5459	124	15	incentive	incentive	NOUN
fbem-5459	124	16	models	model	NOUN
fbem-5459	124	17	have	have	VERB
fbem-5459	124	18	different	different	ADJ
fbem-5459	124	19	impacts	impact	NOUN
fbem-5459	124	20	on	on	ADP
fbem-5459	124	21	innovation	innovation	NOUN
fbem-5459	124	22	performance	performance	NOUN
fbem-5459	124	23	;	;	PUNCT
fbem-5459	124	24	when	when	SCONJ
fbem-5459	124	25	the	the	DET
fbem-5459	124	26	company	company	NOUN
fbem-5459	124	27	is	be	AUX
fbem-5459	124	28	in	in	ADP
fbem-5459	124	29	the	the	DET
fbem-5459	124	30	growth	growth	NOUN
fbem-5459	124	31	stage	stage	NOUN
fbem-5459	124	32	,	,	PUNCT
fbem-5459	124	33	the	the	DET
fbem-5459	124	34	effect	effect	NOUN
fbem-5459	124	35	of	of	ADP
fbem-5459	124	36	stock	stock	NOUN
fbem-5459	124	37	option	option	NOUN
fbem-5459	124	38	is	be	AUX
fbem-5459	124	39	better	well	ADJ
fbem-5459	124	40	than	than	ADP
fbem-5459	124	41	that	that	PRON
fbem-5459	124	42	of	of	ADP
fbem-5459	124	43	restricted	restrict	VERB
fbem-5459	124	44	stock	stock	NOUN
fbem-5459	124	45	in	in	ADP
fbem-5459	124	46	terms	term	NOUN
fbem-5459	124	47	of	of	ADP
fbem-5459	124	48	incentive	incentive	NOUN
fbem-5459	124	49	effect	effect	NOUN
fbem-5459	124	50	;	;	PUNCT
fbem-5459	124	51	however	however	ADV
fbem-5459	124	52	,	,	PUNCT
fbem-5459	124	53	when	when	SCONJ
fbem-5459	124	54	the	the	DET
fbem-5459	124	55	enterprise	enterprise	NOUN
fbem-5459	124	56	is	be	AUX
fbem-5459	124	57	in	in	ADP
fbem-5459	124	58	the	the	DET
fbem-5459	124	59	mature	mature	ADJ
fbem-5459	124	60	stage	stage	NOUN
fbem-5459	124	61	,	,	PUNCT
fbem-5459	124	62	under	under	ADP
fbem-5459	124	63	normal	normal	ADJ
fbem-5459	124	64	circumstances	circumstance	NOUN
fbem-5459	124	65	,	,	PUNCT
fbem-5459	124	66	only	only	ADV
fbem-5459	124	67	using	use	VERB
fbem-5459	124	68	a	a	DET
fbem-5459	124	69	single	single	ADJ
fbem-5459	124	70	stock	stock	NOUN
fbem-5459	124	71	incentive	incentive	NOUN
fbem-5459	124	72	method	method	NOUN
fbem-5459	124	73	will	will	AUX
fbem-5459	124	74	not	not	PART
fbem-5459	124	75	achieve	achieve	VERB
fbem-5459	124	76	good	good	ADJ
fbem-5459	124	77	incentive	incentive	NOUN
fbem-5459	124	78	effect	effect	NOUN
fbem-5459	124	79	;	;	PUNCT
fbem-5459	124	80	when	when	SCONJ
fbem-5459	124	81	the	the	DET
fbem-5459	124	82	enterprise	enterprise	NOUN
fbem-5459	124	83	is	be	AUX
fbem-5459	124	84	in	in	ADP
fbem-5459	124	85	the	the	DET
fbem-5459	124	86	recession	recession	NOUN
fbem-5459	124	87	period	period	NOUN
fbem-5459	124	88	,	,	PUNCT
fbem-5459	124	89	both	both	PRON
fbem-5459	124	90	restricted	restrict	VERB
fbem-5459	124	91	stock	stock	NOUN
fbem-5459	124	92	and	and	CCONJ
fbem-5459	124	93	stock	stock	NOUN
fbem-5459	124	94	option	option	NOUN
fbem-5459	124	95	can	can	AUX
fbem-5459	124	96	achieve	achieve	VERB
fbem-5459	124	97	the	the	DET
fbem-5459	124	98	incentive	incentive	NOUN
fbem-5459	124	99	purpose	purpose	NOUN
fbem-5459	124	100	,	,	PUNCT
fbem-5459	124	101	mainly	mainly	ADV
fbem-5459	124	102	because	because	SCONJ
fbem-5459	124	103	there	there	PRON
fbem-5459	124	104	are	be	VERB
fbem-5459	124	105	two	two	NUM
fbem-5459	124	106	states	state	NOUN
fbem-5459	124	107	of	of	ADP
fbem-5459	124	108	elimination	elimination	NOUN
fbem-5459	124	109	and	and	CCONJ
fbem-5459	124	110	transformation	transformation	NOUN
fbem-5459	124	111	in	in	ADP
fbem-5459	124	112	the	the	DET
fbem-5459	124	113	enterprise	enterprise	NOUN
fbem-5459	124	114	in	in	ADP
fbem-5459	124	115	the	the	DET
fbem-5459	124	116	recession	recession	NOUN
fbem-5459	124	117	period	period	NOUN
fbem-5459	124	118	.	.	PUNCT
fbem-5459	125	1	references	reference	NOUN
fbem-5459	125	2	[	[	X
fbem-5459	125	3	1	1	X
fbem-5459	125	4	]	]	PUNCT
fbem-5459	125	5	bryan	bryan	PROPN
fbem-5459	125	6	s	s	PROPN
fbem-5459	125	7	,	,	PUNCT
fbem-5459	125	8	hwang	hwang	PROPN
fbem-5459	125	9	l	l	PROPN
fbem-5459	125	10	s	s	PROPN
fbem-5459	125	11	,	,	PUNCT
fbem-5459	125	12	lilien	lilien	PROPN
fbem-5459	125	13	s.	s.	PROPN
fbem-5459	125	14	ceo	ceo	PROPN
fbem-5459	125	15	stock	stock	NOUN
fbem-5459	125	16	-	-	PUNCT
fbem-5459	125	17	based	base	VERB
fbem-5459	125	18	compensation	compensation	NOUN
fbem-5459	125	19	:	:	PUNCT
fbem-5459	125	20	an	an	DET
fbem-5459	125	21	empirical	empirical	ADJ
fbem-5459	125	22	analysis	analysis	NOUN
fbem-5459	125	23	of	of	ADP
fbem-5459	125	24	incentive	incentive	NOUN
fbem-5459	125	25	-	-	PUNCT
fbem-5459	125	26	intensity	intensity	NOUN
fbem-5459	125	27	,	,	PUNCT
fbem-5459	125	28	177	177	NUM
fbem-5459	125	29	relative	relative	ADJ
fbem-5459	125	30	mix	mix	NOUN
fbem-5459	125	31	,	,	PUNCT
fbem-5459	125	32	and	and	CCONJ
fbem-5459	125	33	economic	economic	ADJ
fbem-5459	125	34	determinants	determinant	NOUN
fbem-5459	125	35	.	.	PUNCT
fbem-5459	126	1	journal	journal	NOUN
fbem-5459	126	2	of	of	ADP
fbem-5459	126	3	business	business	NOUN
fbem-5459	126	4	,	,	PUNCT
fbem-5459	126	5	2000	2000	NUM
fbem-5459	126	6	,	,	PUNCT
fbem-5459	126	7	73(4	73(4	NOUN
fbem-5459	126	8	):	):	PUNCT
fbem-5459	126	9	661	661	NUM
fbem-5459	126	10	-	-	SYM
fbem-5459	126	11	693	693	NUM
fbem-5459	126	12	.	.	PUNCT
fbem-5459	127	1	[	[	X
fbem-5459	127	2	2	2	NUM
fbem-5459	127	3	]	]	X
fbem-5459	127	4	habib	habib	PROPN
fbem-5459	127	5	,	,	PUNCT
fbem-5459	127	6	a.	a.	NOUN
fbem-5459	127	7	,	,	PUNCT
fbem-5459	127	8	m.	m.	NOUN
fbem-5459	127	9	m.	m.	PROPN
fbem-5459	127	10	hasan	hasan	PROPN
fbem-5459	127	11	.	.	PUNCT
fbem-5459	128	1	corporate	corporate	ADJ
fbem-5459	128	2	life	life	NOUN
fbem-5459	128	3	cycle	cycle	NOUN
fbem-5459	128	4	research	research	NOUN
fbem-5459	128	5	in	in	ADP
fbem-5459	128	6	accounting	accounting	NOUN
fbem-5459	128	7	,	,	PUNCT
fbem-5459	128	8	finance	finance	NOUN
fbem-5459	128	9	and	and	CCONJ
fbem-5459	128	10	corporate	corporate	ADJ
fbem-5459	128	11	governance	governance	NOUN
fbem-5459	128	12	:	:	PUNCT
fbem-5459	128	13	a	a	DET
fbem-5459	128	14	survey	survey	NOUN
fbem-5459	128	15	and	and	CCONJ
fbem-5459	128	16	directions	direction	NOUN
fbem-5459	128	17	for	for	ADP
fbem-5459	128	18	future	future	ADJ
fbem-5459	128	19	research	research	NOUN
fbem-5459	128	20	.	.	PUNCT
fbem-5459	129	1	international	international	ADJ
fbem-5459	129	2	review	review	NOUN
fbem-5459	129	3	of	of	ADP
fbem-5459	129	4	financial	financial	ADJ
fbem-5459	129	5	analysis	analysis	NOUN
fbem-5459	129	6	,	,	PUNCT
fbem-5459	129	7	2019	2019	NUM
fbem-5459	129	8	,	,	PUNCT
fbem-5459	129	9	61(c	61(c	NUM
fbem-5459	129	10	):	):	PUNCT
fbem-5459	129	11	188~201	188~201	NUM
fbem-5459	129	12	.	.	PUNCT
fbem-5459	130	1	[	[	X
fbem-5459	130	2	3	3	NUM
fbem-5459	130	3	]	]	X
fbem-5459	130	4	hasan	hasan	PROPN
fbem-5459	130	5	,	,	PUNCT
fbem-5459	130	6	m.	m.	NOUN
fbem-5459	130	7	m.	m.	PROPN
fbem-5459	130	8	organization	organization	PROPN
fbem-5459	130	9	capital	capital	NOUN
fbem-5459	130	10	and	and	CCONJ
fbem-5459	130	11	firm	firm	ADJ
fbem-5459	130	12	life	life	NOUN
fbem-5459	130	13	cycle	cycle	NOUN
fbem-5459	130	14	.	.	PUNCT
fbem-5459	131	1	journal	journal	NOUN
fbem-5459	131	2	of	of	ADP
fbem-5459	131	3	corporate	corporate	ADJ
fbem-5459	131	4	finance	finance	NOUN
fbem-5459	131	5	,	,	PUNCT
fbem-5459	131	6	2018	2018	NUM
fbem-5459	131	7	,	,	PUNCT
fbem-5459	131	8	48(2	48(2	NUM
fbem-5459	131	9	):	):	PUNCT
fbem-5459	131	10	556~578	556~578	NUM
fbem-5459	131	11	.	.	PUNCT
fbem-5459	132	1	[	[	X
fbem-5459	132	2	4	4	NUM
fbem-5459	132	3	]	]	X
fbem-5459	132	4	hayes	hayes	PROPN
fbem-5459	132	5	,	,	PUNCT
fbem-5459	132	6	d.	d.	PROPN
fbem-5459	132	7	c.	c.	PROPN
fbem-5459	133	1	the	the	DET
fbem-5459	133	2	contingency	contingency	NOUN
fbem-5459	133	3	theory	theory	NOUN
fbem-5459	133	4	of	of	ADP
fbem-5459	133	5	managerial	managerial	ADJ
fbem-5459	133	6	accounting	accounting	NOUN
fbem-5459	133	7	.	.	PUNCT
fbem-5459	134	1	the	the	DET
fbem-5459	134	2	accounting	accounting	NOUN
fbem-5459	134	3	review	review	NOUN
fbem-5459	134	4	,	,	PUNCT
fbem-5459	134	5	1977	1977	NUM
fbem-5459	134	6	,	,	PUNCT
fbem-5459	134	7	52(1	52(1	NOUN
fbem-5459	134	8	):	):	PUNCT
fbem-5459	134	9	22~39	22~39	NUM
fbem-5459	134	10	.	.	PUNCT
fbem-5459	135	1	[	[	X
fbem-5459	135	2	5	5	NUM
fbem-5459	135	3	]	]	X
fbem-5459	135	4	koh	koh	PROPN
fbem-5459	135	5	,	,	PUNCT
fbem-5459	135	6	s.	s.	PROPN
fbem-5459	135	7	k.	k.	PROPN
fbem-5459	135	8	,	,	PUNCT
fbem-5459	135	9	r.	r.	PROPN
fbem-5459	135	10	b.	b.	PROPN
fbem-5459	135	11	durand	durand	PROPN
fbem-5459	135	12	,	,	PUNCT
fbem-5459	135	13	l.	l.	PROPN
fbem-5459	135	14	dai	dai	PROPN
fbem-5459	135	15	.	.	PROPN
fbem-5459	135	16	2015	2015	NUM
fbem-5459	135	17	.	.	PUNCT
fbem-5459	136	1	financial	financial	ADJ
fbem-5459	136	2	distress	distress	NOUN
fbem-5459	136	3	:	:	PUNCT
fbem-5459	136	4	life	life	NOUN
fbem-5459	136	5	cycle	cycle	NOUN
fbem-5459	136	6	and	and	CCONJ
fbem-5459	136	7	corporate	corporate	ADJ
fbem-5459	136	8	restructuring	restructuring	NOUN
fbem-5459	136	9	.	.	PUNCT
fbem-5459	137	1	journal	journal	NOUN
fbem-5459	137	2	of	of	ADP
fbem-5459	137	3	corporate	corporate	ADJ
fbem-5459	137	4	finance	finance	NOUN
fbem-5459	137	5	,	,	PUNCT
fbem-5459	137	6	1977	1977	NUM
fbem-5459	137	7	,	,	PUNCT
fbem-5459	137	8	33(3	33(3	NUM
fbem-5459	137	9	):	):	PUNCT
fbem-5459	137	10	19~33	19~33	NUM
fbem-5459	137	11	.	.	PUNCT
fbem-5459	138	1	[	[	X
fbem-5459	138	2	6	6	NUM
fbem-5459	138	3	]	]	X
fbem-5459	138	4	nguyen	nguyen	NOUN
fbem-5459	138	5	,	,	PUNCT
fbem-5459	138	6	t.	t.	PROPN
fbem-5459	138	7	ceo	ceo	NOUN
fbem-5459	138	8	incentives	incentive	NOUN
fbem-5459	138	9	and	and	CCONJ
fbem-5459	138	10	corporate	corporate	ADJ
fbem-5459	138	11	innovation	innovation	NOUN
fbem-5459	138	12	.	.	PUNCT
fbem-5459	139	1	financial	financial	ADJ
fbem-5459	139	2	review	review	PROPN
fbem-5459	139	3	,	,	PUNCT
fbem-5459	139	4	2018	2018	NUM
fbem-5459	139	5	,	,	PUNCT
fbem-5459	139	6	53(2	53(2	NUM
fbem-5459	139	7	):	):	PUNCT
fbem-5459	139	8	255~300	255~300	NUM
fbem-5459	139	9	.	.	PUNCT
fbem-5459	140	1	[	[	X
fbem-5459	140	2	7	7	X
fbem-5459	140	3	]	]	X
fbem-5459	140	4	shi	shi	PROPN
fbem-5459	140	5	qi	qi	PROPN
fbem-5459	140	6	,	,	PUNCT
fbem-5459	140	7	xiao	xiao	PROPN
fbem-5459	140	8	shufang	shufang	PROPN
fbem-5459	140	9	,	,	PUNCT
fbem-5459	140	10	wu	wu	PROPN
fbem-5459	140	11	jiaying	jiaying	PROPN
fbem-5459	140	12	.	.	PUNCT
fbem-5459	141	1	stock	stock	NOUN
fbem-5459	141	2	options	option	NOUN
fbem-5459	141	3	,	,	PUNCT
fbem-5459	141	4	contract	contract	NOUN
fbem-5459	141	5	elements	element	NOUN
fbem-5459	141	6	design	design	NOUN
fbem-5459	141	7	and	and	CCONJ
fbem-5459	141	8	corporate	corporate	ADJ
fbem-5459	141	9	innovation	innovation	NOUN
fbem-5459	141	10	output	output	NOUN
fbem-5459	141	11	:	:	PUNCT
fbem-5459	141	12	research	research	NOUN
fbem-5459	141	13	based	base	VERB
fbem-5459	141	14	in	in	ADP
fbem-5459	141	15	risk	risk	NOUN
fbem-5459	141	16	-	-	PUNCT
fbem-5459	141	17	taking	taking	NOUN
fbem-5459	141	18	and	and	CCONJ
fbem-5459	141	19	performance	performance	NOUN
fbem-5459	141	20	-	-	PUNCT
fbem-5459	141	21	based	base	VERB
fbem-5459	141	22	incentive	incentive	NOUN
fbem-5459	141	23	effect	effect	NOUN
fbem-5459	141	24	.	.	PUNCT
fbem-5459	142	1	nankai	nankai	PROPN
fbem-5459	142	2	business	business	PROPN
fbem-5459	142	3	review	review	PROPN
fbem-5459	142	4	,	,	PUNCT
fbem-5459	142	5	2020	2020	NUM
fbem-5459	142	6	,	,	PUNCT
fbem-5459	142	7	23(02	23(02	NUM
fbem-5459	142	8	):	):	PUNCT
fbem-5459	142	9	27	27	NUM
fbem-5459	142	10	-	-	SYM
fbem-5459	142	11	38	38	NUM
fbem-5459	142	12	+	+	NOUN
fbem-5459	142	13	62	62	NUM
fbem-5459	142	14	.	.	PUNCT
fbem-5459	143	1	[	[	X
fbem-5459	143	2	8	8	NUM
fbem-5459	143	3	]	]	X
fbem-5459	143	4	wang	wang	PROPN
fbem-5459	143	5	,	,	PUNCT
fbem-5459	143	6	g.	g.	PROPN
fbem-5459	143	7	,	,	PUNCT
fbem-5459	143	8	p.	p.	PROPN
fbem-5459	143	9	singh	singh	PROPN
fbem-5459	143	10	.	.	PUNCT
fbem-5459	144	1	the	the	DET
fbem-5459	144	2	evolution	evolution	NOUN
fbem-5459	144	3	of	of	ADP
fbem-5459	144	4	ceo	ceo	NOUN
fbem-5459	144	5	compensation	compensation	NOUN
fbem-5459	144	6	over	over	ADP
fbem-5459	144	7	the	the	DET
fbem-5459	144	8	organizational	organizational	ADJ
fbem-5459	144	9	life	life	NOUN
fbem-5459	144	10	cycle	cycle	NOUN
fbem-5459	144	11	:	:	PUNCT
fbem-5459	144	12	a	a	DET
fbem-5459	144	13	contingency	contingency	NOUN
fbem-5459	144	14	explanation	explanation	NOUN
fbem-5459	144	15	.	.	PUNCT
fbem-5459	145	1	human	human	ADJ
fbem-5459	145	2	resource	resource	PROPN
fbem-5459	145	3	management	management	PROPN
fbem-5459	145	4	review	review	NOUN
fbem-5459	145	5	,	,	PUNCT
fbem-5459	145	6	2014	2014	NUM
fbem-5459	145	7	,	,	PUNCT
fbem-5459	145	8	24(2	24(2	NUM
fbem-5459	145	9	):	):	PUNCT
fbem-5459	145	10	144~159	144~159	NUM
fbem-5459	145	11	.	.	PUNCT
fbem-5459	146	1	[	[	X
fbem-5459	146	2	9	9	NUM
fbem-5459	146	3	]	]	X
fbem-5459	146	4	xiang	xiang	PROPN
fbem-5459	146	5	yan	yan	PROPN
fbem-5459	146	6	.	.	PUNCT
fbem-5459	147	1	the	the	DET
fbem-5459	147	2	influence	influence	NOUN
fbem-5459	147	3	of	of	ADP
fbem-5459	147	4	the	the	DET
fbem-5459	147	5	life	life	NOUN
fbem-5459	147	6	cycle	cycle	NOUN
fbem-5459	147	7	theory	theory	NOUN
fbem-5459	147	8	on	on	ADP
fbem-5459	147	9	the	the	DET
fbem-5459	147	10	core	core	NOUN
fbem-5459	147	11	competitiveness	competitiveness	NOUN
fbem-5459	147	12	of	of	ADP
fbem-5459	147	13	enterprises	enterprise	NOUN
fbem-5459	147	14	.	.	PUNCT
fbem-5459	148	1	economic	economic	ADJ
fbem-5459	148	2	research	research	NOUN
fbem-5459	148	3	guide	guide	NOUN
fbem-5459	148	4	,	,	PUNCT
fbem-5459	148	5	2020(30	2020(30	NUM
fbem-5459	148	6	):	):	PUNCT
fbem-5459	148	7	3	3	NUM
fbem-5459	148	8	-	-	SYM
fbem-5459	148	9	4	4	NUM
fbem-5459	148	10	.	.	PUNCT
fbem-5459	149	1	[	[	X
fbem-5459	149	2	10	10	NUM
fbem-5459	149	3	]	]	X
fbem-5459	149	4	zhang	zhang	PROPN
fbem-5459	149	5	,	,	PUNCT
fbem-5459	149	6	x.	x.	NOUN
fbem-5459	149	7	application	application	NOUN
fbem-5459	149	8	and	and	CCONJ
fbem-5459	149	9	comparative	comparative	ADJ
fbem-5459	149	10	analysis	analysis	NOUN
fbem-5459	149	11	of	of	ADP
fbem-5459	149	12	b	b	NOUN
fbem-5459	149	13	-	-	PUNCT
fbem-5459	149	14	s	s	NOUN
fbem-5459	149	15	option	option	NOUN
fbem-5459	149	16	pricing	pricing	NOUN
fbem-5459	149	17	model	model	NOUN
fbem-5459	149	18	in	in	ADP
fbem-5459	149	19	equity	equity	NOUN
fbem-5459	149	20	incentive	incentive	NOUN
fbem-5459	149	21	scheme	scheme	NOUN
fbem-5459	149	22	of	of	ADP
fbem-5459	149	23	huayu	huayu	ADJ
fbem-5459	149	24	automobile	automobile	NOUN
fbem-5459	149	25	.	.	PUNCT
fbem-5459	150	1	times	times	PROPN
fbem-5459	150	2	finance	finance	PROPN
fbem-5459	150	3	,	,	PUNCT
fbem-5459	150	4	2015(05	2015(05	NUM
fbem-5459	150	5	):	):	PUNCT
fbem-5459	150	6	198	198	NUM
fbem-5459	150	7	-	-	SYM
fbem-5459	150	8	199	199	NUM
fbem-5459	150	9	.	.	PUNCT