id	sid	tid	token	lemma	pos
fbem-7727	1	1	frontiers	frontier	NOUN
fbem-7727	1	2	in	in	ADP
fbem-7727	1	3	business	business	NOUN
fbem-7727	1	4	,	,	PUNCT
fbem-7727	1	5	economics	economic	NOUN
fbem-7727	1	6	and	and	CCONJ
fbem-7727	1	7	management	management	NOUN
fbem-7727	1	8	issn	issn	PROPN
fbem-7727	1	9	:	:	PUNCT
fbem-7727	1	10	2766	2766	NUM
fbem-7727	1	11	-	-	PUNCT
fbem-7727	1	12	824x	824x	NUM
fbem-7727	1	13	|	|	ADJ
fbem-7727	1	14	vol	vol	NOUN
fbem-7727	1	15	.	.	PROPN
fbem-7727	1	16	8	8	NUM
fbem-7727	1	17	,	,	PUNCT
fbem-7727	1	18	no	no	INTJ
fbem-7727	1	19	.	.	NOUN
fbem-7727	1	20	3	3	NUM
fbem-7727	1	21	,	,	PUNCT
fbem-7727	1	22	2023	2023	NUM
fbem-7727	1	23	80	80	NUM
fbem-7727	1	24	managerial	managerial	ADJ
fbem-7727	1	25	competence	competence	NOUN
fbem-7727	1	26	and	and	CCONJ
fbem-7727	1	27	corporate	corporate	ADJ
fbem-7727	1	28	financialization	financialization	NOUN
fbem-7727	1	29	weiping	weiping	NOUN
fbem-7727	1	30	qiu	qiu	PROPN
fbem-7727	1	31	school	school	PROPN
fbem-7727	1	32	of	of	ADP
fbem-7727	1	33	business	business	NOUN
fbem-7727	1	34	,	,	PUNCT
fbem-7727	1	35	anhui	anhui	PROPN
fbem-7727	1	36	university	university	PROPN
fbem-7727	1	37	of	of	ADP
fbem-7727	1	38	technology	technology	PROPN
fbem-7727	1	39	,	,	PUNCT
fbem-7727	1	40	maanshan	maanshan	PROPN
fbem-7727	1	41	,	,	PUNCT
fbem-7727	1	42	anhui	anhui	PROPN
fbem-7727	1	43	,	,	PUNCT
fbem-7727	1	44	243032	243032	NUM
fbem-7727	1	45	,	,	PUNCT
fbem-7727	1	46	china	china	PROPN
fbem-7727	1	47	abstract	abstract	PROPN
fbem-7727	1	48	:	:	PUNCT
fbem-7727	1	49	along	along	ADP
fbem-7727	1	50	with	with	ADP
fbem-7727	1	51	the	the	DET
fbem-7727	1	52	downward	downward	ADJ
fbem-7727	1	53	pressure	pressure	NOUN
fbem-7727	1	54	of	of	ADP
fbem-7727	1	55	domestic	domestic	ADJ
fbem-7727	1	56	and	and	CCONJ
fbem-7727	1	57	foreign	foreign	ADJ
fbem-7727	1	58	economies	economy	NOUN
fbem-7727	1	59	,	,	PUNCT
fbem-7727	1	60	some	some	DET
fbem-7727	1	61	real	real	ADJ
fbem-7727	1	62	enterprises	enterprise	NOUN
fbem-7727	1	63	deviate	deviate	VERB
fbem-7727	1	64	from	from	ADP
fbem-7727	1	65	their	their	PRON
fbem-7727	1	66	main	main	ADJ
fbem-7727	1	67	business	business	NOUN
fbem-7727	1	68	to	to	PART
fbem-7727	1	69	allocate	allocate	VERB
fbem-7727	1	70	financial	financial	ADJ
fbem-7727	1	71	assets	asset	NOUN
fbem-7727	1	72	,	,	PUNCT
fbem-7727	1	73	and	and	CCONJ
fbem-7727	1	74	the	the	DET
fbem-7727	1	75	funds	fund	NOUN
fbem-7727	1	76	flowing	flow	VERB
fbem-7727	1	77	to	to	ADP
fbem-7727	1	78	the	the	DET
fbem-7727	1	79	real	real	ADJ
fbem-7727	1	80	economy	economy	NOUN
fbem-7727	1	81	sector	sector	NOUN
fbem-7727	1	82	keep	keep	VERB
fbem-7727	1	83	decreasing	decrease	VERB
fbem-7727	1	84	,	,	PUNCT
fbem-7727	1	85	which	which	PRON
fbem-7727	1	86	to	to	ADP
fbem-7727	1	87	some	some	DET
fbem-7727	1	88	extent	extent	NOUN
fbem-7727	1	89	crowds	crowd	NOUN
fbem-7727	1	90	out	out	ADP
fbem-7727	1	91	the	the	DET
fbem-7727	1	92	enterprises	enterprise	NOUN
fbem-7727	1	93	'	'	PART
fbem-7727	1	94	investment	investment	NOUN
fbem-7727	1	95	in	in	ADP
fbem-7727	1	96	their	their	PRON
fbem-7727	1	97	main	main	ADJ
fbem-7727	1	98	business	business	NOUN
fbem-7727	1	99	and	and	CCONJ
fbem-7727	1	100	may	may	AUX
fbem-7727	1	101	lead	lead	VERB
fbem-7727	1	102	to	to	ADP
fbem-7727	1	103	the	the	DET
fbem-7727	1	104	financialization	financialization	NOUN
fbem-7727	1	105	of	of	ADP
fbem-7727	1	106	enterprises	enterprise	NOUN
fbem-7727	1	107	.	.	PUNCT
fbem-7727	2	1	this	this	DET
fbem-7727	2	2	paper	paper	NOUN
fbem-7727	2	3	incorporates	incorporate	VERB
fbem-7727	2	4	managerial	managerial	ADJ
fbem-7727	2	5	competence	competence	NOUN
fbem-7727	2	6	under	under	ADP
fbem-7727	2	7	the	the	DET
fbem-7727	2	8	rationality	rationality	NOUN
fbem-7727	2	9	hypothesis	hypothesis	NOUN
fbem-7727	2	10	into	into	ADP
fbem-7727	2	11	the	the	DET
fbem-7727	2	12	analytical	analytical	ADJ
fbem-7727	2	13	framework	framework	NOUN
fbem-7727	2	14	and	and	CCONJ
fbem-7727	2	15	examines	examine	VERB
fbem-7727	2	16	the	the	DET
fbem-7727	2	17	impact	impact	NOUN
fbem-7727	2	18	of	of	ADP
fbem-7727	2	19	managerial	managerial	ADJ
fbem-7727	2	20	competence	competence	NOUN
fbem-7727	2	21	traits	trait	NOUN
fbem-7727	2	22	on	on	ADP
fbem-7727	2	23	corporate	corporate	ADJ
fbem-7727	2	24	financialization	financialization	NOUN
fbem-7727	2	25	using	use	VERB
fbem-7727	2	26	shanghai	shanghai	PROPN
fbem-7727	2	27	and	and	CCONJ
fbem-7727	2	28	shenzhen	shenzhen	PROPN
fbem-7727	2	29	a	a	PROPN
fbem-7727	2	30	-	-	PUNCT
fbem-7727	2	31	share	share	NOUN
fbem-7727	2	32	listed	list	VERB
fbem-7727	2	33	companies	company	NOUN
fbem-7727	2	34	from	from	ADP
fbem-7727	2	35	2010	2010	NUM
fbem-7727	2	36	to	to	ADP
fbem-7727	2	37	2020	2020	NUM
fbem-7727	2	38	as	as	ADP
fbem-7727	2	39	the	the	DET
fbem-7727	2	40	research	research	NOUN
fbem-7727	2	41	sample	sample	NOUN
fbem-7727	2	42	.	.	PUNCT
fbem-7727	3	1	it	it	PRON
fbem-7727	3	2	is	be	AUX
fbem-7727	3	3	found	find	VERB
fbem-7727	3	4	that	that	SCONJ
fbem-7727	3	5	managerial	managerial	ADJ
fbem-7727	3	6	competence	competence	NOUN
fbem-7727	3	7	significantly	significantly	ADV
fbem-7727	3	8	promotes	promote	VERB
fbem-7727	3	9	corporate	corporate	ADJ
fbem-7727	3	10	financialization	financialization	NOUN
fbem-7727	3	11	,	,	PUNCT
fbem-7727	3	12	mainly	mainly	ADV
fbem-7727	3	13	in	in	ADP
fbem-7727	3	14	terms	term	NOUN
fbem-7727	3	15	of	of	ADP
fbem-7727	3	16	increasing	increase	VERB
fbem-7727	3	17	short	short	ADJ
fbem-7727	3	18	-	-	PUNCT
fbem-7727	3	19	term	term	NOUN
fbem-7727	3	20	financial	financial	ADJ
fbem-7727	3	21	asset	asset	NOUN
fbem-7727	3	22	allocation	allocation	NOUN
fbem-7727	3	23	,	,	PUNCT
fbem-7727	3	24	which	which	PRON
fbem-7727	3	25	provides	provide	VERB
fbem-7727	3	26	some	some	DET
fbem-7727	3	27	reference	reference	NOUN
fbem-7727	3	28	and	and	CCONJ
fbem-7727	3	29	reference	reference	NOUN
fbem-7727	3	30	for	for	ADP
fbem-7727	3	31	real	real	ADJ
fbem-7727	3	32	enterprises	enterprise	NOUN
fbem-7727	3	33	to	to	PART
fbem-7727	3	34	make	make	VERB
fbem-7727	3	35	reasonable	reasonable	ADJ
fbem-7727	3	36	investment	investment	NOUN
fbem-7727	3	37	decisions	decision	NOUN
fbem-7727	3	38	.	.	PUNCT
fbem-7727	4	1	keywords	keyword	NOUN
fbem-7727	4	2	:	:	PUNCT
fbem-7727	4	3	managerial	managerial	ADJ
fbem-7727	4	4	competencies	competency	NOUN
fbem-7727	4	5	,	,	PUNCT
fbem-7727	4	6	corporate	corporate	ADJ
fbem-7727	4	7	financialization	financialization	NOUN
fbem-7727	4	8	.	.	PUNCT
fbem-7727	5	1	1	1	X
fbem-7727	5	2	.	.	X
fbem-7727	5	3	introduction	introduction	NOUN
fbem-7727	5	4	in	in	ADP
fbem-7727	5	5	recent	recent	ADJ
fbem-7727	5	6	years	year	NOUN
fbem-7727	5	7	,	,	PUNCT
fbem-7727	5	8	along	along	ADP
fbem-7727	5	9	with	with	ADP
fbem-7727	5	10	the	the	DET
fbem-7727	5	11	increasing	increase	VERB
fbem-7727	5	12	downward	downward	ADJ
fbem-7727	5	13	pressure	pressure	NOUN
fbem-7727	5	14	of	of	ADP
fbem-7727	5	15	china	china	PROPN
fbem-7727	5	16	's	's	PART
fbem-7727	5	17	real	real	ADJ
fbem-7727	5	18	economy	economy	NOUN
fbem-7727	5	19	and	and	CCONJ
fbem-7727	5	20	the	the	DET
fbem-7727	5	21	rapid	rapid	ADJ
fbem-7727	5	22	development	development	NOUN
fbem-7727	5	23	of	of	ADP
fbem-7727	5	24	the	the	DET
fbem-7727	5	25	virtual	virtual	ADJ
fbem-7727	5	26	economy	economy	NOUN
fbem-7727	5	27	such	such	ADJ
fbem-7727	5	28	as	as	ADP
fbem-7727	5	29	finance	finance	NOUN
fbem-7727	5	30	and	and	CCONJ
fbem-7727	5	31	real	real	ADJ
fbem-7727	5	32	estate	estate	NOUN
fbem-7727	5	33	,	,	PUNCT
fbem-7727	5	34	the	the	DET
fbem-7727	5	35	return	return	NOUN
fbem-7727	5	36	on	on	ADP
fbem-7727	5	37	investment	investment	NOUN
fbem-7727	5	38	in	in	ADP
fbem-7727	5	39	the	the	DET
fbem-7727	5	40	real	real	ADJ
fbem-7727	5	41	sector	sector	NOUN
fbem-7727	5	42	is	be	AUX
fbem-7727	5	43	lower	low	ADJ
fbem-7727	5	44	than	than	ADP
fbem-7727	5	45	that	that	PRON
fbem-7727	5	46	in	in	ADP
fbem-7727	5	47	the	the	DET
fbem-7727	5	48	virtual	virtual	ADJ
fbem-7727	5	49	sector	sector	NOUN
fbem-7727	5	50	such	such	ADJ
fbem-7727	5	51	as	as	ADP
fbem-7727	5	52	finance	finance	NOUN
fbem-7727	5	53	and	and	CCONJ
fbem-7727	5	54	real	real	ADJ
fbem-7727	5	55	estate	estate	NOUN
fbem-7727	5	56	.	.	PUNCT
fbem-7727	6	1	a	a	DET
fbem-7727	6	2	large	large	ADJ
fbem-7727	6	3	number	number	NOUN
fbem-7727	6	4	of	of	ADP
fbem-7727	6	5	real	real	ADJ
fbem-7727	6	6	enterprises	enterprise	NOUN
fbem-7727	6	7	are	be	AUX
fbem-7727	6	8	keen	keen	ADJ
fbem-7727	6	9	to	to	PART
fbem-7727	6	10	invest	invest	VERB
fbem-7727	6	11	in	in	ADP
fbem-7727	6	12	virtual	virtual	ADJ
fbem-7727	6	13	industries	industry	NOUN
fbem-7727	6	14	such	such	ADJ
fbem-7727	6	15	as	as	ADP
fbem-7727	6	16	finance	finance	NOUN
fbem-7727	6	17	and	and	CCONJ
fbem-7727	6	18	real	real	ADJ
fbem-7727	6	19	estate	estate	NOUN
fbem-7727	6	20	for	for	ADP
fbem-7727	6	21	speculative	speculative	ADJ
fbem-7727	6	22	arbitrage	arbitrage	NOUN
fbem-7727	6	23	motives	motive	NOUN
fbem-7727	6	24	,	,	PUNCT
fbem-7727	6	25	resulting	result	VERB
fbem-7727	6	26	in	in	ADP
fbem-7727	6	27	a	a	DET
fbem-7727	6	28	significant	significant	ADJ
fbem-7727	6	29	trend	trend	NOUN
fbem-7727	6	30	of	of	ADP
fbem-7727	6	31	financialization	financialization	NOUN
fbem-7727	6	32	of	of	ADP
fbem-7727	6	33	enterprises	enterprise	NOUN
fbem-7727	6	34	.	.	PUNCT
fbem-7727	7	1	although	although	SCONJ
fbem-7727	7	2	the	the	DET
fbem-7727	7	3	financialization	financialization	NOUN
fbem-7727	7	4	of	of	ADP
fbem-7727	7	5	enterprises	enterprise	NOUN
fbem-7727	7	6	can	can	AUX
fbem-7727	7	7	,	,	PUNCT
fbem-7727	7	8	to	to	ADP
fbem-7727	7	9	a	a	DET
fbem-7727	7	10	certain	certain	ADJ
fbem-7727	7	11	extent	extent	NOUN
fbem-7727	7	12	,	,	PUNCT
fbem-7727	7	13	transfer	transfer	NOUN
fbem-7727	7	14	capital	capital	NOUN
fbem-7727	7	15	surplus	surplus	NOUN
fbem-7727	7	16	and	and	CCONJ
fbem-7727	7	17	play	play	VERB
fbem-7727	7	18	a	a	DET
fbem-7727	7	19	"	"	PUNCT
fbem-7727	7	20	reservoir	reservoir	NOUN
fbem-7727	7	21	"	"	PUNCT
fbem-7727	7	22	function	function	NOUN
fbem-7727	7	23	[	[	X
fbem-7727	7	24	1	1	NUM
fbem-7727	7	25	]	]	PUNCT
fbem-7727	7	26	.	.	PUNCT
fbem-7727	8	1	however	however	ADV
fbem-7727	8	2	,	,	PUNCT
fbem-7727	8	3	more	more	ADJ
fbem-7727	8	4	and	and	CCONJ
fbem-7727	8	5	more	more	ADJ
fbem-7727	8	6	studies	study	NOUN
fbem-7727	8	7	have	have	AUX
fbem-7727	8	8	found	find	VERB
fbem-7727	8	9	that	that	SCONJ
fbem-7727	8	10	the	the	DET
fbem-7727	8	11	financialization	financialization	NOUN
fbem-7727	8	12	of	of	ADP
fbem-7727	8	13	enterprises	enterprise	NOUN
fbem-7727	8	14	has	have	VERB
fbem-7727	8	15	an	an	DET
fbem-7727	8	16	obvious	obvious	ADJ
fbem-7727	8	17	profitseeking	profitseeking	NOUN
fbem-7727	8	18	tendency	tendency	NOUN
fbem-7727	8	19	,	,	PUNCT
fbem-7727	8	20	and	and	CCONJ
fbem-7727	8	21	the	the	DET
fbem-7727	8	22	"	"	PUNCT
fbem-7727	8	23	crowding	crowd	VERB
fbem-7727	8	24	out	out	ADP
fbem-7727	8	25	"	"	PUNCT
fbem-7727	8	26	effect	effect	NOUN
fbem-7727	8	27	is	be	AUX
fbem-7727	8	28	more	more	ADV
fbem-7727	8	29	prominent	prominent	ADJ
fbem-7727	8	30	.	.	PUNCT
fbem-7727	9	1	it	it	PRON
fbem-7727	9	2	will	will	AUX
fbem-7727	9	3	not	not	PART
fbem-7727	9	4	only	only	ADV
fbem-7727	9	5	reduce	reduce	VERB
fbem-7727	9	6	the	the	DET
fbem-7727	9	7	investment	investment	NOUN
fbem-7727	9	8	in	in	ADP
fbem-7727	9	9	physical	physical	ADJ
fbem-7727	9	10	capital	capital	NOUN
fbem-7727	9	11	and	and	CCONJ
fbem-7727	9	12	innovation	innovation	NOUN
fbem-7727	9	13	,	,	PUNCT
fbem-7727	9	14	but	but	CCONJ
fbem-7727	9	15	also	also	ADV
fbem-7727	9	16	increase	increase	VERB
fbem-7727	9	17	the	the	DET
fbem-7727	9	18	risk	risk	NOUN
fbem-7727	9	19	of	of	ADP
fbem-7727	9	20	business	business	NOUN
fbem-7727	9	21	operation	operation	NOUN
fbem-7727	9	22	and	and	CCONJ
fbem-7727	9	23	inhibit	inhibit	VERB
fbem-7727	9	24	the	the	DET
fbem-7727	9	25	improvement	improvement	NOUN
fbem-7727	9	26	of	of	ADP
fbem-7727	9	27	productivity	productivity	NOUN
fbem-7727	9	28	[	[	X
fbem-7727	9	29	2	2	NUM
fbem-7727	9	30	]	]	PUNCT
fbem-7727	9	31	,	,	PUNCT
fbem-7727	9	32	and	and	CCONJ
fbem-7727	9	33	even	even	ADV
fbem-7727	9	34	intensify	intensify	VERB
fbem-7727	9	35	the	the	DET
fbem-7727	9	36	collapse	collapse	NOUN
fbem-7727	9	37	of	of	ADP
fbem-7727	9	38	company	company	NOUN
fbem-7727	9	39	share	share	NOUN
fbem-7727	9	40	prices	price	NOUN
fbem-7727	9	41	and	and	CCONJ
fbem-7727	9	42	induce	induce	VERB
fbem-7727	9	43	systemic	systemic	ADJ
fbem-7727	9	44	financial	financial	ADJ
fbem-7727	9	45	risks	risk	NOUN
fbem-7727	9	46	.	.	PUNCT
fbem-7727	10	1	"	"	PUNCT
fbem-7727	10	2	the	the	DET
fbem-7727	10	3	14th	14th	ADJ
fbem-7727	10	4	five	five	NUM
fbem-7727	10	5	-	-	PUNCT
fbem-7727	10	6	year	year	NOUN
fbem-7727	10	7	plan	plan	NOUN
fbem-7727	10	8	proposes	propose	VERB
fbem-7727	10	9	that	that	SCONJ
fbem-7727	10	10	we	we	PRON
fbem-7727	10	11	should	should	AUX
fbem-7727	10	12	always	always	ADV
fbem-7727	10	13	"	"	PUNCT
fbem-7727	10	14	insist	insist	VERB
fbem-7727	10	15	on	on	ADP
fbem-7727	10	16	focusing	focus	VERB
fbem-7727	10	17	economic	economic	ADJ
fbem-7727	10	18	development	development	NOUN
fbem-7727	10	19	on	on	ADP
fbem-7727	10	20	the	the	DET
fbem-7727	10	21	real	real	ADJ
fbem-7727	10	22	economy	economy	NOUN
fbem-7727	10	23	and	and	CCONJ
fbem-7727	10	24	guard	guard	VERB
fbem-7727	10	25	the	the	DET
fbem-7727	10	26	bottom	bottom	ADJ
fbem-7727	10	27	line	line	NOUN
fbem-7727	10	28	of	of	ADP
fbem-7727	10	29	no	no	DET
fbem-7727	10	30	systemic	systemic	ADJ
fbem-7727	10	31	financial	financial	ADJ
fbem-7727	10	32	risks	risk	NOUN
fbem-7727	10	33	"	"	PUNCT
fbem-7727	10	34	.	.	PUNCT
fbem-7727	11	1	therefore	therefore	ADV
fbem-7727	11	2	,	,	PUNCT
fbem-7727	11	3	it	it	PRON
fbem-7727	11	4	is	be	AUX
fbem-7727	11	5	important	important	ADJ
fbem-7727	11	6	to	to	PART
fbem-7727	11	7	explore	explore	VERB
fbem-7727	11	8	the	the	DET
fbem-7727	11	9	influencing	influence	VERB
fbem-7727	11	10	factors	factor	NOUN
fbem-7727	11	11	and	and	CCONJ
fbem-7727	11	12	driving	drive	VERB
fbem-7727	11	13	mechanisms	mechanism	NOUN
fbem-7727	11	14	of	of	ADP
fbem-7727	11	15	the	the	DET
fbem-7727	11	16	financialization	financialization	NOUN
fbem-7727	11	17	of	of	ADP
fbem-7727	11	18	enterprises	enterprise	NOUN
fbem-7727	11	19	,	,	PUNCT
fbem-7727	11	20	and	and	CCONJ
fbem-7727	11	21	then	then	ADV
fbem-7727	11	22	to	to	PART
fbem-7727	11	23	guide	guide	VERB
fbem-7727	11	24	enterprises	enterprise	NOUN
fbem-7727	11	25	to	to	PART
fbem-7727	11	26	"	"	PUNCT
fbem-7727	11	27	shift	shift	VERB
fbem-7727	11	28	from	from	ADP
fbem-7727	11	29	virtual	virtual	ADJ
fbem-7727	11	30	to	to	ADP
fbem-7727	11	31	real	real	ADJ
fbem-7727	11	32	"	"	PUNCT
fbem-7727	11	33	,	,	PUNCT
fbem-7727	11	34	in	in	ADP
fbem-7727	11	35	order	order	NOUN
fbem-7727	11	36	to	to	PART
fbem-7727	11	37	achieve	achieve	VERB
fbem-7727	11	38	a	a	DET
fbem-7727	11	39	balanced	balanced	ADJ
fbem-7727	11	40	structure	structure	NOUN
fbem-7727	11	41	between	between	ADP
fbem-7727	11	42	the	the	DET
fbem-7727	11	43	virtual	virtual	ADJ
fbem-7727	11	44	economy	economy	NOUN
fbem-7727	11	45	and	and	CCONJ
fbem-7727	11	46	the	the	DET
fbem-7727	11	47	real	real	ADJ
fbem-7727	11	48	economy	economy	NOUN
fbem-7727	11	49	and	and	CCONJ
fbem-7727	11	50	promote	promote	VERB
fbem-7727	11	51	the	the	DET
fbem-7727	11	52	high	high	ADJ
fbem-7727	11	53	-	-	PUNCT
fbem-7727	11	54	quality	quality	NOUN
fbem-7727	11	55	development	development	NOUN
fbem-7727	11	56	of	of	ADP
fbem-7727	11	57	national	national	ADJ
fbem-7727	11	58	economy	economy	NOUN
fbem-7727	11	59	and	and	CCONJ
fbem-7727	11	60	society	society	NOUN
fbem-7727	11	61	.	.	PUNCT
fbem-7727	12	1	according	accord	VERB
fbem-7727	12	2	to	to	ADP
fbem-7727	12	3	the	the	DET
fbem-7727	12	4	top	top	ADJ
fbem-7727	12	5	echelon	echelon	NOUN
fbem-7727	12	6	theory	theory	NOUN
fbem-7727	12	7	,	,	PUNCT
fbem-7727	12	8	managers	manager	NOUN
fbem-7727	12	9	are	be	AUX
fbem-7727	12	10	the	the	DET
fbem-7727	12	11	main	main	ADJ
fbem-7727	12	12	decision	decision	NOUN
fbem-7727	12	13	makers	maker	NOUN
fbem-7727	12	14	of	of	ADP
fbem-7727	12	15	corporate	corporate	ADJ
fbem-7727	12	16	resource	resource	NOUN
fbem-7727	12	17	allocation	allocation	NOUN
fbem-7727	12	18	,	,	PUNCT
fbem-7727	12	19	and	and	CCONJ
fbem-7727	12	20	their	their	PRON
fbem-7727	12	21	innate	innate	ADJ
fbem-7727	12	22	traits	trait	NOUN
fbem-7727	12	23	and	and	CCONJ
fbem-7727	12	24	acquired	acquire	VERB
fbem-7727	12	25	experiences	experience	NOUN
fbem-7727	12	26	can	can	AUX
fbem-7727	12	27	significantly	significantly	ADV
fbem-7727	12	28	influence	influence	VERB
fbem-7727	12	29	the	the	DET
fbem-7727	12	30	strategic	strategic	ADJ
fbem-7727	12	31	choices	choice	NOUN
fbem-7727	12	32	and	and	CCONJ
fbem-7727	12	33	decision	decision	NOUN
fbem-7727	12	34	-	-	PUNCT
fbem-7727	12	35	making	make	VERB
fbem-7727	12	36	behaviors	behavior	NOUN
fbem-7727	12	37	of	of	ADP
fbem-7727	12	38	the	the	DET
fbem-7727	12	39	company	company	NOUN
fbem-7727	12	40	[	[	X
fbem-7727	12	41	3	3	NUM
fbem-7727	12	42	]	]	PUNCT
fbem-7727	12	43	.	.	PUNCT
fbem-7727	13	1	the	the	DET
fbem-7727	13	2	possible	possible	ADJ
fbem-7727	13	3	effects	effect	NOUN
fbem-7727	13	4	of	of	ADP
fbem-7727	13	5	strategic	strategic	ADJ
fbem-7727	13	6	decisions	decision	NOUN
fbem-7727	13	7	on	on	ADP
fbem-7727	13	8	the	the	DET
fbem-7727	13	9	financialization	financialization	NOUN
fbem-7727	13	10	of	of	ADP
fbem-7727	13	11	the	the	DET
fbem-7727	13	12	firm	firm	NOUN
fbem-7727	13	13	.	.	PUNCT
fbem-7727	14	1	compared	compare	VERB
fbem-7727	14	2	with	with	ADP
fbem-7727	14	3	industrial	industrial	ADJ
fbem-7727	14	4	investments	investment	NOUN
fbem-7727	14	5	such	such	ADJ
fbem-7727	14	6	as	as	ADP
fbem-7727	14	7	physical	physical	ADJ
fbem-7727	14	8	capital	capital	NOUN
fbem-7727	14	9	investments	investment	NOUN
fbem-7727	14	10	and	and	CCONJ
fbem-7727	14	11	innovation	innovation	NOUN
fbem-7727	14	12	investments	investment	NOUN
fbem-7727	14	13	,	,	PUNCT
fbem-7727	14	14	investments	investment	NOUN
fbem-7727	14	15	in	in	ADP
fbem-7727	14	16	financial	financial	ADJ
fbem-7727	14	17	assets	asset	NOUN
fbem-7727	14	18	are	be	AUX
fbem-7727	14	19	characterized	characterize	VERB
fbem-7727	14	20	by	by	ADP
fbem-7727	14	21	short	short	ADJ
fbem-7727	14	22	maturity	maturity	NOUN
fbem-7727	14	23	,	,	PUNCT
fbem-7727	14	24	high	high	ADJ
fbem-7727	14	25	returns	return	NOUN
fbem-7727	14	26	and	and	CCONJ
fbem-7727	14	27	high	high	ADJ
fbem-7727	14	28	reversibility	reversibility	NOUN
fbem-7727	14	29	,	,	PUNCT
fbem-7727	14	30	which	which	PRON
fbem-7727	14	31	are	be	AUX
fbem-7727	14	32	highly	highly	ADV
fbem-7727	14	33	compatible	compatible	ADJ
fbem-7727	14	34	with	with	ADP
fbem-7727	14	35	the	the	DET
fbem-7727	14	36	personality	personality	NOUN
fbem-7727	14	37	traits	trait	NOUN
fbem-7727	14	38	of	of	ADP
fbem-7727	14	39	competent	competent	ADJ
fbem-7727	14	40	managers	manager	NOUN
fbem-7727	14	41	who	who	PRON
fbem-7727	14	42	pursue	pursue	VERB
fbem-7727	14	43	high	high	ADJ
fbem-7727	14	44	profits	profit	NOUN
fbem-7727	14	45	in	in	ADP
fbem-7727	14	46	the	the	DET
fbem-7727	14	47	short	short	ADJ
fbem-7727	14	48	term	term	NOUN
fbem-7727	14	49	,	,	PUNCT
fbem-7727	14	50	and	and	CCONJ
fbem-7727	14	51	therefore	therefore	ADV
fbem-7727	14	52	financial	financial	ADJ
fbem-7727	14	53	assets	asset	NOUN
fbem-7727	14	54	are	be	AUX
fbem-7727	14	55	ideal	ideal	ADJ
fbem-7727	14	56	investment	investment	NOUN
fbem-7727	14	57	targets	target	NOUN
fbem-7727	14	58	for	for	ADP
fbem-7727	14	59	competent	competent	ADJ
fbem-7727	14	60	managers	manager	NOUN
fbem-7727	14	61	to	to	PART
fbem-7727	14	62	realize	realize	VERB
fbem-7727	14	63	their	their	PRON
fbem-7727	14	64	ambitions	ambition	NOUN
fbem-7727	14	65	and	and	CCONJ
fbem-7727	14	66	may	may	AUX
fbem-7727	14	67	have	have	VERB
fbem-7727	14	68	some	some	DET
fbem-7727	14	69	influence	influence	NOUN
fbem-7727	14	70	on	on	ADP
fbem-7727	14	71	corporate	corporate	ADJ
fbem-7727	14	72	financialization	financialization	NOUN
fbem-7727	14	73	behavior	behavior	NOUN
fbem-7727	14	74	.	.	PUNCT
fbem-7727	15	1	the	the	DET
fbem-7727	15	2	marginal	marginal	ADJ
fbem-7727	15	3	contributions	contribution	NOUN
fbem-7727	15	4	of	of	ADP
fbem-7727	15	5	the	the	DET
fbem-7727	15	6	full	full	ADJ
fbem-7727	15	7	paper	paper	NOUN
fbem-7727	15	8	are	be	AUX
fbem-7727	15	9	mainly	mainly	ADV
fbem-7727	15	10	(	(	PUNCT
fbem-7727	15	11	1	1	X
fbem-7727	15	12	)	)	PUNCT
fbem-7727	15	13	expanding	expand	VERB
fbem-7727	15	14	the	the	DET
fbem-7727	15	15	research	research	NOUN
fbem-7727	15	16	on	on	ADP
fbem-7727	15	17	the	the	DET
fbem-7727	15	18	factors	factor	NOUN
fbem-7727	15	19	influencing	influence	VERB
fbem-7727	15	20	corporate	corporate	ADJ
fbem-7727	15	21	financialization	financialization	NOUN
fbem-7727	15	22	.	.	PUNCT
fbem-7727	16	1	although	although	SCONJ
fbem-7727	16	2	a	a	DET
fbem-7727	16	3	large	large	ADJ
fbem-7727	16	4	amount	amount	NOUN
fbem-7727	16	5	of	of	ADP
fbem-7727	16	6	literature	literature	NOUN
fbem-7727	16	7	has	have	AUX
fbem-7727	16	8	examined	examine	VERB
fbem-7727	16	9	the	the	DET
fbem-7727	16	10	influencing	influence	VERB
fbem-7727	16	11	factors	factor	NOUN
fbem-7727	16	12	of	of	ADP
fbem-7727	16	13	corporate	corporate	ADJ
fbem-7727	16	14	financialization	financialization	NOUN
fbem-7727	16	15	from	from	ADP
fbem-7727	16	16	macroeconomic	macroeconomic	ADJ
fbem-7727	16	17	environment	environment	NOUN
fbem-7727	16	18	,	,	PUNCT
fbem-7727	16	19	meso	meso	NOUN
fbem-7727	16	20	-	-	PUNCT
fbem-7727	16	21	industrial	industrial	ADJ
fbem-7727	16	22	characteristics	characteristic	NOUN
fbem-7727	16	23	and	and	CCONJ
fbem-7727	16	24	micro	micro	ADJ
fbem-7727	16	25	-	-	ADJ
fbem-7727	16	26	firm	firm	ADJ
fbem-7727	16	27	perspectives	perspective	NOUN
fbem-7727	16	28	,	,	PUNCT
fbem-7727	16	29	there	there	PRON
fbem-7727	16	30	is	be	VERB
fbem-7727	16	31	relatively	relatively	ADV
fbem-7727	16	32	little	little	ADJ
fbem-7727	16	33	literature	literature	NOUN
fbem-7727	16	34	on	on	ADP
fbem-7727	16	35	what	what	DET
fbem-7727	16	36	role	role	NOUN
fbem-7727	16	37	managers	manager	NOUN
fbem-7727	16	38	,	,	PUNCT
fbem-7727	16	39	as	as	SCONJ
fbem-7727	16	40	corporate	corporate	ADJ
fbem-7727	16	41	decision	decision	NOUN
fbem-7727	16	42	makers	maker	NOUN
fbem-7727	16	43	,	,	PUNCT
fbem-7727	16	44	play	play	VERB
fbem-7727	16	45	in	in	ADP
fbem-7727	16	46	corporate	corporate	ADJ
fbem-7727	16	47	financialization	financialization	NOUN
fbem-7727	16	48	decisions	decision	NOUN
fbem-7727	16	49	.	.	PUNCT
fbem-7727	17	1	this	this	DET
fbem-7727	17	2	paper	paper	NOUN
fbem-7727	17	3	directly	directly	ADV
fbem-7727	17	4	examines	examine	VERB
fbem-7727	17	5	the	the	DET
fbem-7727	17	6	influence	influence	NOUN
fbem-7727	17	7	of	of	ADP
fbem-7727	17	8	managers	manager	NOUN
fbem-7727	17	9	'	'	PART
fbem-7727	17	10	competence	competence	NOUN
fbem-7727	17	11	traits	trait	NOUN
fbem-7727	17	12	on	on	ADP
fbem-7727	17	13	corporate	corporate	ADJ
fbem-7727	17	14	financialization	financialization	NOUN
fbem-7727	17	15	,	,	PUNCT
fbem-7727	17	16	which	which	PRON
fbem-7727	17	17	helps	help	VERB
fbem-7727	17	18	to	to	PART
fbem-7727	17	19	enrich	enrich	VERB
fbem-7727	17	20	the	the	DET
fbem-7727	17	21	research	research	NOUN
fbem-7727	17	22	content	content	NOUN
fbem-7727	17	23	and	and	CCONJ
fbem-7727	17	24	perspectives	perspective	NOUN
fbem-7727	17	25	on	on	ADP
fbem-7727	17	26	the	the	DET
fbem-7727	17	27	influencing	influence	VERB
fbem-7727	17	28	factors	factor	NOUN
fbem-7727	17	29	of	of	ADP
fbem-7727	17	30	corporate	corporate	ADJ
fbem-7727	17	31	financialization	financialization	NOUN
fbem-7727	17	32	.	.	PUNCT
fbem-7727	18	1	(	(	PUNCT
fbem-7727	18	2	2	2	X
fbem-7727	18	3	)	)	PUNCT
fbem-7727	18	4	it	it	PRON
fbem-7727	18	5	complements	complement	VERB
fbem-7727	18	6	the	the	DET
fbem-7727	18	7	research	research	NOUN
fbem-7727	18	8	on	on	ADP
fbem-7727	18	9	the	the	DET
fbem-7727	18	10	economic	economic	ADJ
fbem-7727	18	11	consequences	consequence	NOUN
fbem-7727	18	12	of	of	ADP
fbem-7727	18	13	managers	manager	NOUN
fbem-7727	18	14	'	'	PART
fbem-7727	18	15	competence	competence	NOUN
fbem-7727	18	16	.	.	PUNCT
fbem-7727	19	1	the	the	DET
fbem-7727	19	2	existing	exist	VERB
fbem-7727	19	3	literature	literature	NOUN
fbem-7727	19	4	on	on	ADP
fbem-7727	19	5	the	the	DET
fbem-7727	19	6	impact	impact	NOUN
fbem-7727	19	7	of	of	ADP
fbem-7727	19	8	managerial	managerial	ADJ
fbem-7727	19	9	competency	competency	NOUN
fbem-7727	19	10	on	on	ADP
fbem-7727	19	11	corporate	corporate	ADJ
fbem-7727	19	12	resource	resource	NOUN
fbem-7727	19	13	allocation	allocation	NOUN
fbem-7727	19	14	decisions	decision	NOUN
fbem-7727	19	15	focuses	focus	VERB
fbem-7727	19	16	on	on	ADP
fbem-7727	19	17	physical	physical	ADJ
fbem-7727	19	18	capital	capital	NOUN
fbem-7727	19	19	investment	investment	NOUN
fbem-7727	19	20	and	and	CCONJ
fbem-7727	19	21	r&d	r&d	NOUN
fbem-7727	19	22	investment	investment	NOUN
fbem-7727	19	23	.	.	PUNCT
fbem-7727	20	1	this	this	DET
fbem-7727	20	2	paper	paper	NOUN
fbem-7727	20	3	explores	explore	VERB
fbem-7727	20	4	the	the	DET
fbem-7727	20	5	impact	impact	NOUN
fbem-7727	20	6	of	of	ADP
fbem-7727	20	7	managerial	managerial	ADJ
fbem-7727	20	8	capability	capability	NOUN
fbem-7727	20	9	on	on	ADP
fbem-7727	20	10	the	the	DET
fbem-7727	20	11	allocation	allocation	NOUN
fbem-7727	20	12	of	of	ADP
fbem-7727	20	13	financial	financial	ADJ
fbem-7727	20	14	assets	asset	NOUN
fbem-7727	20	15	from	from	ADP
fbem-7727	20	16	the	the	DET
fbem-7727	20	17	perspective	perspective	NOUN
fbem-7727	20	18	of	of	ADP
fbem-7727	20	19	"	"	PUNCT
fbem-7727	20	20	de	de	NOUN
fbem-7727	20	21	-	-	NOUN
fbem-7727	20	22	realization	realization	NOUN
fbem-7727	20	23	"	"	PUNCT
fbem-7727	20	24	and	and	CCONJ
fbem-7727	20	25	provides	provide	VERB
fbem-7727	20	26	additional	additional	ADJ
fbem-7727	20	27	evidence	evidence	NOUN
fbem-7727	20	28	to	to	PART
fbem-7727	20	29	evaluate	evaluate	VERB
fbem-7727	20	30	the	the	DET
fbem-7727	20	31	economic	economic	ADJ
fbem-7727	20	32	consequences	consequence	NOUN
fbem-7727	20	33	of	of	ADP
fbem-7727	20	34	managerial	managerial	ADJ
fbem-7727	20	35	capability	capability	NOUN
fbem-7727	20	36	.	.	PUNCT
fbem-7727	21	1	2	2	X
fbem-7727	21	2	.	.	X
fbem-7727	21	3	theoretical	theoretical	ADJ
fbem-7727	21	4	analysis	analysis	NOUN
fbem-7727	21	5	and	and	CCONJ
fbem-7727	21	6	research	research	NOUN
fbem-7727	21	7	hypothesis	hypothesis	NOUN
fbem-7727	21	8	corporate	corporate	ADJ
fbem-7727	21	9	financialization	financialization	NOUN
fbem-7727	21	10	is	be	AUX
fbem-7727	21	11	an	an	DET
fbem-7727	21	12	investment	investment	NOUN
fbem-7727	21	13	behavior	behavior	NOUN
fbem-7727	21	14	in	in	ADP
fbem-7727	21	15	which	which	PRON
fbem-7727	21	16	companies	company	NOUN
fbem-7727	21	17	favor	favor	VERB
fbem-7727	21	18	investment	investment	NOUN
fbem-7727	21	19	activities	activity	NOUN
fbem-7727	21	20	such	such	ADJ
fbem-7727	21	21	as	as	ADP
fbem-7727	21	22	financial	financial	ADJ
fbem-7727	21	23	management	management	NOUN
fbem-7727	21	24	and	and	CCONJ
fbem-7727	21	25	fund	fund	NOUN
fbem-7727	21	26	securities	security	NOUN
fbem-7727	21	27	,	,	PUNCT
fbem-7727	21	28	and	and	CCONJ
fbem-7727	21	29	industrial	industrial	ADJ
fbem-7727	21	30	capital	capital	NOUN
fbem-7727	21	31	gradually	gradually	ADV
fbem-7727	21	32	flows	flow	VERB
fbem-7727	21	33	to	to	ADP
fbem-7727	21	34	high	high	ADJ
fbem-7727	21	35	-	-	PUNCT
fbem-7727	21	36	yield	yield	NOUN
fbem-7727	21	37	and	and	CCONJ
fbem-7727	21	38	high	high	ADJ
fbem-7727	21	39	-	-	PUNCT
fbem-7727	21	40	risk	risk	NOUN
fbem-7727	21	41	financial	financial	ADJ
fbem-7727	21	42	and	and	CCONJ
fbem-7727	21	43	real	real	ADJ
fbem-7727	21	44	estate	estate	NOUN
fbem-7727	21	45	industries	industry	NOUN
fbem-7727	21	46	.	.	PUNCT
fbem-7727	22	1	high	high	ADJ
fbem-7727	22	2	-	-	PUNCT
fbem-7727	22	3	order	order	NOUN
fbem-7727	22	4	echelon	echelon	NOUN
fbem-7727	22	5	theory	theory	NOUN
fbem-7727	22	6	states	state	VERB
fbem-7727	22	7	that	that	SCONJ
fbem-7727	22	8	managers	manager	NOUN
fbem-7727	22	9	,	,	PUNCT
fbem-7727	22	10	as	as	ADP
fbem-7727	22	11	the	the	DET
fbem-7727	22	12	key	key	ADJ
fbem-7727	22	13	talent	talent	NOUN
fbem-7727	22	14	for	for	ADP
fbem-7727	22	15	business	business	NOUN
fbem-7727	22	16	decisions	decision	NOUN
fbem-7727	22	17	,	,	PUNCT
fbem-7727	22	18	have	have	VERB
fbem-7727	22	19	personal	personal	ADJ
fbem-7727	22	20	traits	trait	NOUN
fbem-7727	22	21	that	that	PRON
fbem-7727	22	22	influence	influence	VERB
fbem-7727	22	23	business	business	NOUN
fbem-7727	22	24	operations	operation	NOUN
fbem-7727	22	25	and	and	CCONJ
fbem-7727	22	26	management	management	NOUN
fbem-7727	22	27	,	,	PUNCT
fbem-7727	22	28	and	and	CCONJ
fbem-7727	22	29	thus	thus	ADV
fbem-7727	22	30	some	some	DET
fbem-7727	22	31	behaviors	behavior	NOUN
fbem-7727	22	32	of	of	ADP
fbem-7727	22	33	the	the	DET
fbem-7727	22	34	firm	firm	NOUN
fbem-7727	22	35	[	[	X
fbem-7727	22	36	4	4	NUM
fbem-7727	22	37	]	]	PUNCT
fbem-7727	22	38	.	.	PUNCT
fbem-7727	23	1	for	for	ADP
fbem-7727	23	2	firms	firm	NOUN
fbem-7727	23	3	,	,	PUNCT
fbem-7727	23	4	managerial	managerial	ADJ
fbem-7727	23	5	competence	competence	NOUN
fbem-7727	23	6	is	be	AUX
fbem-7727	23	7	reflected	reflect	VERB
fbem-7727	23	8	in	in	ADP
fbem-7727	23	9	the	the	DET
fbem-7727	23	10	ability	ability	NOUN
fbem-7727	23	11	to	to	PART
fbem-7727	23	12	efficiently	efficiently	ADV
fbem-7727	23	13	integrate	integrate	VERB
fbem-7727	23	14	corporate	corporate	ADJ
fbem-7727	23	15	resources	resource	NOUN
fbem-7727	23	16	to	to	PART
fbem-7727	23	17	enhance	enhance	VERB
fbem-7727	23	18	the	the	DET
fbem-7727	23	19	efficiency	efficiency	NOUN
fbem-7727	23	20	of	of	ADP
fbem-7727	23	21	business	business	NOUN
fbem-7727	23	22	operations	operation	NOUN
fbem-7727	23	23	[	[	X
fbem-7727	23	24	5	5	NUM
fbem-7727	23	25	]	]	PUNCT
fbem-7727	23	26	.	.	PUNCT
fbem-7727	24	1	compared	compare	VERB
fbem-7727	24	2	with	with	ADP
fbem-7727	24	3	lowlevel	lowlevel	NOUN
fbem-7727	24	4	managers	manager	NOUN
fbem-7727	24	5	,	,	PUNCT
fbem-7727	24	6	high	high	ADJ
fbem-7727	24	7	-	-	PUNCT
fbem-7727	24	8	level	level	NOUN
fbem-7727	24	9	managers	manager	NOUN
fbem-7727	24	10	usually	usually	ADV
fbem-7727	24	11	have	have	VERB
fbem-7727	24	12	rich	rich	ADJ
fbem-7727	24	13	knowledge	knowledge	NOUN
fbem-7727	24	14	and	and	CCONJ
fbem-7727	24	15	experience	experience	NOUN
fbem-7727	24	16	and	and	CCONJ
fbem-7727	24	17	can	can	AUX
fbem-7727	24	18	calmly	calmly	ADV
fbem-7727	24	19	control	control	VERB
fbem-7727	24	20	project	project	NOUN
fbem-7727	24	21	risks	risk	NOUN
fbem-7727	24	22	and	and	CCONJ
fbem-7727	24	23	make	make	VERB
fbem-7727	24	24	correct	correct	ADJ
fbem-7727	24	25	decisions	decision	NOUN
fbem-7727	24	26	through	through	ADP
fbem-7727	24	27	internal	internal	ADJ
fbem-7727	24	28	control	control	NOUN
fbem-7727	24	29	and	and	CCONJ
fbem-7727	24	30	system	system	NOUN
fbem-7727	24	31	reform	reform	NOUN
fbem-7727	24	32	in	in	ADP
fbem-7727	24	33	a	a	DET
fbem-7727	24	34	risky	risky	ADJ
fbem-7727	24	35	state	state	NOUN
fbem-7727	25	1	[	[	X
fbem-7727	25	2	6	6	NUM
fbem-7727	25	3	]	]	PUNCT
fbem-7727	25	4	,	,	PUNCT
fbem-7727	25	5	and	and	CCONJ
fbem-7727	25	6	at	at	ADP
fbem-7727	25	7	the	the	DET
fbem-7727	25	8	same	same	ADJ
fbem-7727	25	9	time	time	NOUN
fbem-7727	25	10	,	,	PUNCT
fbem-7727	25	11	capable	capable	ADJ
fbem-7727	25	12	managers	manager	NOUN
fbem-7727	25	13	have	have	VERB
fbem-7727	25	14	more	more	ADV
fbem-7727	25	15	perfect	perfect	ADJ
fbem-7727	25	16	social	social	ADJ
fbem-7727	25	17	network	network	NOUN
fbem-7727	25	18	81	81	NUM
fbem-7727	25	19	relationships	relationship	NOUN
fbem-7727	25	20	and	and	CCONJ
fbem-7727	25	21	can	can	AUX
fbem-7727	25	22	provide	provide	VERB
fbem-7727	25	23	a	a	DET
fbem-7727	25	24	continuous	continuous	ADJ
fbem-7727	25	25	and	and	CCONJ
fbem-7727	25	26	stable	stable	ADJ
fbem-7727	25	27	supply	supply	NOUN
fbem-7727	25	28	of	of	ADP
fbem-7727	25	29	resources	resource	NOUN
fbem-7727	25	30	for	for	ADP
fbem-7727	25	31	the	the	DET
fbem-7727	25	32	enterprise	enterprise	NOUN
fbem-7727	25	33	[	[	X
fbem-7727	25	34	7	7	NUM
fbem-7727	25	35	]	]	PUNCT
fbem-7727	25	36	,	,	PUNCT
fbem-7727	25	37	which	which	PRON
fbem-7727	25	38	enables	enable	VERB
fbem-7727	25	39	managers	manager	NOUN
fbem-7727	25	40	to	to	ADP
fbem-7727	25	41	internal	internal	ADJ
fbem-7727	25	42	and	and	CCONJ
fbem-7727	25	43	external	external	ADJ
fbem-7727	25	44	resources	resource	NOUN
fbem-7727	25	45	are	be	AUX
fbem-7727	25	46	integrated	integrate	VERB
fbem-7727	25	47	and	and	CCONJ
fbem-7727	25	48	optimized	optimize	VERB
fbem-7727	25	49	,	,	PUNCT
fbem-7727	25	50	enabling	enable	VERB
fbem-7727	25	51	managers	manager	NOUN
fbem-7727	25	52	to	to	PART
fbem-7727	25	53	use	use	VERB
fbem-7727	25	54	reliable	reliable	ADJ
fbem-7727	25	55	transaction	transaction	NOUN
fbem-7727	25	56	channels	channel	NOUN
fbem-7727	25	57	to	to	PART
fbem-7727	25	58	invest	invest	VERB
fbem-7727	25	59	in	in	ADP
fbem-7727	25	60	high	high	ADJ
fbem-7727	25	61	-	-	PUNCT
fbem-7727	25	62	risk	risk	NOUN
fbem-7727	25	63	projects	project	NOUN
fbem-7727	25	64	.	.	PUNCT
fbem-7727	26	1	therefore	therefore	ADV
fbem-7727	26	2	,	,	PUNCT
fbem-7727	26	3	high	high	ADJ
fbem-7727	26	4	competence	competence	NOUN
fbem-7727	26	5	managers	manager	NOUN
fbem-7727	26	6	show	show	VERB
fbem-7727	26	7	higher	high	ADJ
fbem-7727	26	8	strategic	strategic	ADJ
fbem-7727	26	9	risk	risk	NOUN
fbem-7727	26	10	-	-	PUNCT
fbem-7727	26	11	taking	take	VERB
fbem-7727	26	12	ability	ability	NOUN
fbem-7727	26	13	than	than	ADP
fbem-7727	26	14	mediocre	mediocre	ADJ
fbem-7727	26	15	managers	manager	NOUN
fbem-7727	26	16	in	in	ADP
fbem-7727	26	17	corporate	corporate	ADJ
fbem-7727	26	18	decision	decision	NOUN
fbem-7727	26	19	making	making	NOUN
fbem-7727	26	20	,	,	PUNCT
fbem-7727	26	21	which	which	PRON
fbem-7727	26	22	will	will	AUX
fbem-7727	26	23	increase	increase	VERB
fbem-7727	26	24	the	the	DET
fbem-7727	26	25	level	level	NOUN
fbem-7727	26	26	of	of	ADP
fbem-7727	26	27	corporate	corporate	ADJ
fbem-7727	26	28	risk	risk	NOUN
fbem-7727	26	29	-	-	PUNCT
fbem-7727	26	30	taking	taking	NOUN
fbem-7727	26	31	and	and	CCONJ
fbem-7727	26	32	thus	thus	ADV
fbem-7727	26	33	ensure	ensure	VERB
fbem-7727	26	34	that	that	SCONJ
fbem-7727	26	35	risky	risky	ADJ
fbem-7727	26	36	decisions	decision	NOUN
fbem-7727	26	37	can	can	AUX
fbem-7727	26	38	be	be	AUX
fbem-7727	26	39	strongly	strongly	ADV
fbem-7727	26	40	secured	secure	VERB
fbem-7727	26	41	and	and	CCONJ
fbem-7727	26	42	steadily	steadily	ADV
fbem-7727	26	43	promoted	promote	VERB
fbem-7727	26	44	,	,	PUNCT
fbem-7727	26	45	resulting	result	VERB
fbem-7727	26	46	in	in	ADP
fbem-7727	26	47	more	more	ADV
fbem-7727	26	48	risky	risky	ADJ
fbem-7727	26	49	and	and	CCONJ
fbem-7727	26	50	aggressive	aggressive	ADJ
fbem-7727	26	51	management	management	NOUN
fbem-7727	26	52	in	in	ADP
fbem-7727	26	53	financial	financial	ADJ
fbem-7727	26	54	investment	investment	NOUN
fbem-7727	26	55	activities	activity	NOUN
fbem-7727	26	56	and	and	CCONJ
fbem-7727	26	57	catalyzing	catalyze	VERB
fbem-7727	26	58	the	the	DET
fbem-7727	26	59	transformation	transformation	NOUN
fbem-7727	26	60	of	of	ADP
fbem-7727	26	61	the	the	DET
fbem-7727	26	62	company	company	NOUN
fbem-7727	26	63	into	into	ADP
fbem-7727	26	64	a	a	DET
fbem-7727	26	65	financial	financial	ADJ
fbem-7727	26	66	one	one	NUM
fbem-7727	26	67	.	.	PUNCT
fbem-7727	27	1	from	from	ADP
fbem-7727	27	2	a	a	DET
fbem-7727	27	3	psychological	psychological	ADJ
fbem-7727	27	4	point	point	NOUN
fbem-7727	27	5	of	of	ADP
fbem-7727	27	6	view	view	NOUN
fbem-7727	27	7	,	,	PUNCT
fbem-7727	27	8	managers	manager	NOUN
fbem-7727	27	9	who	who	PRON
fbem-7727	27	10	are	be	AUX
fbem-7727	27	11	more	more	ADV
fbem-7727	27	12	capable	capable	ADJ
fbem-7727	27	13	tend	tend	NOUN
fbem-7727	27	14	to	to	PART
fbem-7727	27	15	be	be	AUX
fbem-7727	27	16	more	more	ADV
fbem-7727	27	17	confident	confident	ADJ
fbem-7727	27	18	and	and	CCONJ
fbem-7727	27	19	believe	believe	VERB
fbem-7727	27	20	that	that	SCONJ
fbem-7727	27	21	they	they	PRON
fbem-7727	27	22	can	can	AUX
fbem-7727	27	23	control	control	VERB
fbem-7727	27	24	risks	risk	NOUN
fbem-7727	27	25	well	well	ADV
fbem-7727	27	26	,	,	PUNCT
fbem-7727	27	27	preferring	prefer	VERB
fbem-7727	27	28	high	high	ADJ
fbem-7727	27	29	-	-	PUNCT
fbem-7727	27	30	risk	risk	NOUN
fbem-7727	27	31	,	,	PUNCT
fbem-7727	27	32	high	high	ADJ
fbem-7727	27	33	-	-	PUNCT
fbem-7727	27	34	return	return	NOUN
fbem-7727	27	35	financialized	financialize	VERB
fbem-7727	27	36	investments	investment	NOUN
fbem-7727	28	1	[	[	X
fbem-7727	28	2	8	8	NUM
fbem-7727	28	3	]	]	PUNCT
fbem-7727	28	4	.	.	PUNCT
fbem-7727	29	1	faced	face	VERB
fbem-7727	29	2	with	with	ADP
fbem-7727	29	3	the	the	DET
fbem-7727	29	4	persistent	persistent	ADJ
fbem-7727	29	5	downturn	downturn	NOUN
fbem-7727	29	6	in	in	ADP
fbem-7727	29	7	the	the	DET
fbem-7727	29	8	real	real	ADJ
fbem-7727	29	9	economy	economy	NOUN
fbem-7727	29	10	and	and	CCONJ
fbem-7727	29	11	high	high	ADJ
fbem-7727	29	12	profits	profit	NOUN
fbem-7727	29	13	in	in	ADP
fbem-7727	29	14	the	the	DET
fbem-7727	29	15	financial	financial	ADJ
fbem-7727	29	16	sector	sector	NOUN
fbem-7727	29	17	,	,	PUNCT
fbem-7727	29	18	managers	manager	NOUN
fbem-7727	29	19	with	with	ADP
fbem-7727	29	20	high	high	ADJ
fbem-7727	29	21	ability	ability	NOUN
fbem-7727	29	22	may	may	AUX
fbem-7727	29	23	depart	depart	VERB
fbem-7727	29	24	from	from	ADP
fbem-7727	29	25	their	their	PRON
fbem-7727	29	26	original	original	ADJ
fbem-7727	29	27	main	main	ADJ
fbem-7727	29	28	business	business	NOUN
fbem-7727	29	29	and	and	CCONJ
fbem-7727	29	30	tend	tend	VERB
fbem-7727	29	31	to	to	PART
fbem-7727	29	32	hold	hold	VERB
fbem-7727	29	33	more	more	ADJ
fbem-7727	29	34	financial	financial	ADJ
fbem-7727	29	35	assets	asset	NOUN
fbem-7727	29	36	in	in	ADP
fbem-7727	29	37	order	order	NOUN
fbem-7727	29	38	to	to	PART
fbem-7727	29	39	rely	rely	VERB
fbem-7727	29	40	heavily	heavily	ADV
fbem-7727	29	41	on	on	ADP
fbem-7727	29	42	financial	financial	ADJ
fbem-7727	29	43	channels	channel	NOUN
fbem-7727	29	44	for	for	ADP
fbem-7727	29	45	profits	profit	NOUN
fbem-7727	29	46	,	,	PUNCT
fbem-7727	29	47	and	and	CCONJ
fbem-7727	29	48	their	their	PRON
fbem-7727	29	49	estimates	estimate	NOUN
fbem-7727	29	50	of	of	ADP
fbem-7727	29	51	diversified	diversified	ADJ
fbem-7727	29	52	investments	investment	NOUN
fbem-7727	29	53	deviate	deviate	VERB
fbem-7727	29	54	from	from	ADP
fbem-7727	29	55	the	the	DET
fbem-7727	29	56	actual	actual	ADJ
fbem-7727	29	57	level	level	NOUN
fbem-7727	29	58	[	[	X
fbem-7727	29	59	10	10	NUM
fbem-7727	29	60	]	]	PUNCT
fbem-7727	29	61	.	.	PUNCT
fbem-7727	30	1	on	on	ADP
fbem-7727	30	2	the	the	DET
fbem-7727	30	3	other	other	ADJ
fbem-7727	30	4	hand	hand	NOUN
fbem-7727	30	5	,	,	PUNCT
fbem-7727	30	6	in	in	ADP
fbem-7727	30	7	order	order	NOUN
fbem-7727	30	8	to	to	PART
fbem-7727	30	9	meet	meet	VERB
fbem-7727	30	10	the	the	DET
fbem-7727	30	11	requirements	requirement	NOUN
fbem-7727	30	12	of	of	ADP
fbem-7727	30	13	their	their	PRON
fbem-7727	30	14	own	own	ADJ
fbem-7727	30	15	performance	performance	NOUN
fbem-7727	30	16	appraisal	appraisal	NOUN
fbem-7727	30	17	,	,	PUNCT
fbem-7727	30	18	out	out	ADP
fbem-7727	30	19	of	of	ADP
fbem-7727	30	20	both	both	CCONJ
fbem-7727	30	21	corporate	corporate	ADJ
fbem-7727	30	22	and	and	CCONJ
fbem-7727	30	23	personal	personal	ADJ
fbem-7727	30	24	interests	interest	NOUN
fbem-7727	30	25	,	,	PUNCT
fbem-7727	30	26	when	when	SCONJ
fbem-7727	30	27	the	the	DET
fbem-7727	30	28	profit	profit	NOUN
fbem-7727	30	29	margin	margin	NOUN
fbem-7727	30	30	of	of	ADP
fbem-7727	30	31	the	the	DET
fbem-7727	30	32	company	company	NOUN
fbem-7727	30	33	's	's	PART
fbem-7727	30	34	main	main	ADJ
fbem-7727	30	35	business	business	NOUN
fbem-7727	30	36	is	be	AUX
fbem-7727	30	37	compressed	compress	VERB
fbem-7727	30	38	,	,	PUNCT
fbem-7727	30	39	managers	manager	NOUN
fbem-7727	30	40	will	will	AUX
fbem-7727	30	41	increase	increase	VERB
fbem-7727	30	42	the	the	DET
fbem-7727	30	43	allocation	allocation	NOUN
fbem-7727	30	44	of	of	ADP
fbem-7727	30	45	financial	financial	ADJ
fbem-7727	30	46	assets	asset	NOUN
fbem-7727	30	47	in	in	ADP
fbem-7727	30	48	order	order	NOUN
fbem-7727	30	49	to	to	PART
fbem-7727	30	50	make	make	VERB
fbem-7727	30	51	short	short	ADJ
fbem-7727	30	52	-	-	PUNCT
fbem-7727	30	53	term	term	NOUN
fbem-7727	30	54	profits	profit	NOUN
fbem-7727	30	55	in	in	ADP
fbem-7727	30	56	the	the	DET
fbem-7727	30	57	financial	financial	ADJ
fbem-7727	30	58	market	market	NOUN
fbem-7727	30	59	to	to	PART
fbem-7727	30	60	improve	improve	VERB
fbem-7727	30	61	the	the	DET
fbem-7727	30	62	overall	overall	ADJ
fbem-7727	30	63	business	business	NOUN
fbem-7727	30	64	performance	performance	NOUN
fbem-7727	30	65	of	of	ADP
fbem-7727	30	66	the	the	DET
fbem-7727	30	67	company	company	NOUN
fbem-7727	30	68	.	.	PUNCT
fbem-7727	31	1	in	in	ADP
fbem-7727	31	2	addition	addition	NOUN
fbem-7727	31	3	,	,	PUNCT
fbem-7727	31	4	competent	competent	ADJ
fbem-7727	31	5	managers	manager	NOUN
fbem-7727	31	6	will	will	AUX
fbem-7727	31	7	influence	influence	VERB
fbem-7727	31	8	the	the	DET
fbem-7727	31	9	level	level	NOUN
fbem-7727	31	10	of	of	ADP
fbem-7727	31	11	financialization	financialization	NOUN
fbem-7727	31	12	of	of	ADP
fbem-7727	31	13	the	the	DET
fbem-7727	31	14	entity	entity	NOUN
fbem-7727	31	15	by	by	ADP
fbem-7727	31	16	affecting	affect	VERB
fbem-7727	31	17	the	the	DET
fbem-7727	31	18	effectiveness	effectiveness	NOUN
fbem-7727	31	19	of	of	ADP
fbem-7727	31	20	the	the	DET
fbem-7727	31	21	company	company	NOUN
fbem-7727	31	22	's	's	PART
fbem-7727	31	23	internal	internal	ADJ
fbem-7727	31	24	controls	control	NOUN
fbem-7727	31	25	and	and	CCONJ
fbem-7727	31	26	thus	thus	ADV
fbem-7727	31	27	the	the	DET
fbem-7727	31	28	level	level	NOUN
fbem-7727	31	29	of	of	ADP
fbem-7727	31	30	financialization	financialization	NOUN
fbem-7727	31	31	of	of	ADP
fbem-7727	31	32	the	the	DET
fbem-7727	31	33	entity	entity	NOUN
fbem-7727	31	34	[	[	X
fbem-7727	31	35	9	9	NUM
fbem-7727	31	36	]	]	PUNCT
fbem-7727	31	37	.	.	PUNCT
fbem-7727	32	1	because	because	SCONJ
fbem-7727	32	2	the	the	DET
fbem-7727	32	3	more	more	ADV
fbem-7727	32	4	capable	capable	ADJ
fbem-7727	32	5	management	management	NOUN
fbem-7727	32	6	will	will	AUX
fbem-7727	32	7	be	be	AUX
fbem-7727	32	8	more	more	ADV
fbem-7727	32	9	confident	confident	ADJ
fbem-7727	32	10	in	in	ADP
fbem-7727	32	11	their	their	PRON
fbem-7727	32	12	own	own	ADJ
fbem-7727	32	13	management	management	NOUN
fbem-7727	32	14	capabilities	capability	NOUN
fbem-7727	32	15	,	,	PUNCT
fbem-7727	32	16	they	they	PRON
fbem-7727	32	17	usually	usually	ADV
fbem-7727	32	18	believe	believe	VERB
fbem-7727	32	19	that	that	SCONJ
fbem-7727	32	20	they	they	PRON
fbem-7727	32	21	are	be	AUX
fbem-7727	32	22	better	well	ADJ
fbem-7727	32	23	than	than	ADP
fbem-7727	32	24	their	their	PRON
fbem-7727	32	25	competitors	competitor	NOUN
fbem-7727	32	26	in	in	ADP
fbem-7727	32	27	terms	term	NOUN
fbem-7727	32	28	of	of	ADP
fbem-7727	32	29	knowledge	knowledge	NOUN
fbem-7727	32	30	and	and	CCONJ
fbem-7727	32	31	experience	experience	NOUN
fbem-7727	32	32	,	,	PUNCT
fbem-7727	32	33	and	and	CCONJ
fbem-7727	32	34	can	can	AUX
fbem-7727	32	35	better	well	ADV
fbem-7727	32	36	predict	predict	VERB
fbem-7727	32	37	and	and	CCONJ
fbem-7727	32	38	avoid	avoid	VERB
fbem-7727	32	39	the	the	DET
fbem-7727	32	40	risks	risk	NOUN
fbem-7727	32	41	that	that	PRON
fbem-7727	32	42	may	may	AUX
fbem-7727	32	43	be	be	AUX
fbem-7727	32	44	brought	bring	VERB
fbem-7727	32	45	by	by	ADP
fbem-7727	32	46	the	the	DET
fbem-7727	32	47	financial	financial	ADJ
fbem-7727	32	48	investment	investment	NOUN
fbem-7727	32	49	of	of	ADP
fbem-7727	32	50	the	the	DET
fbem-7727	32	51	enterprise	enterprise	NOUN
fbem-7727	32	52	,	,	PUNCT
fbem-7727	32	53	which	which	PRON
fbem-7727	32	54	leads	lead	VERB
fbem-7727	32	55	to	to	ADP
fbem-7727	32	56	the	the	DET
fbem-7727	32	57	tendency	tendency	NOUN
fbem-7727	32	58	of	of	ADP
fbem-7727	32	59	management	management	NOUN
fbem-7727	32	60	to	to	PART
fbem-7727	32	61	ignore	ignore	VERB
fbem-7727	32	62	the	the	DET
fbem-7727	32	63	control	control	NOUN
fbem-7727	32	64	ability	ability	NOUN
fbem-7727	32	65	and	and	CCONJ
fbem-7727	32	66	control	control	NOUN
fbem-7727	32	67	effectiveness	effectiveness	NOUN
fbem-7727	32	68	of	of	ADP
fbem-7727	32	69	the	the	DET
fbem-7727	32	70	possible	possible	ADJ
fbem-7727	32	71	risks	risk	NOUN
fbem-7727	32	72	faced	face	VERB
fbem-7727	32	73	by	by	ADP
fbem-7727	32	74	the	the	DET
fbem-7727	32	75	financial	financial	ADJ
fbem-7727	32	76	investment	investment	NOUN
fbem-7727	32	77	activities	activity	NOUN
fbem-7727	32	78	in	in	ADP
fbem-7727	32	79	the	the	DET
fbem-7727	32	80	design	design	NOUN
fbem-7727	32	81	and	and	CCONJ
fbem-7727	32	82	operation	operation	NOUN
fbem-7727	32	83	of	of	ADP
fbem-7727	32	84	internal	internal	ADJ
fbem-7727	32	85	controls	control	NOUN
fbem-7727	32	86	,	,	PUNCT
fbem-7727	32	87	and	and	CCONJ
fbem-7727	32	88	reduce	reduce	VERB
fbem-7727	32	89	the	the	DET
fbem-7727	32	90	management	management	NOUN
fbem-7727	32	91	's	's	PART
fbem-7727	32	92	financial	financial	ADJ
fbem-7727	32	93	investment	investment	NOUN
fbem-7727	32	94	this	this	PRON
fbem-7727	32	95	leads	lead	VERB
fbem-7727	32	96	to	to	ADP
fbem-7727	32	97	a	a	DET
fbem-7727	32	98	tendency	tendency	NOUN
fbem-7727	32	99	for	for	SCONJ
fbem-7727	32	100	management	management	NOUN
fbem-7727	32	101	to	to	PART
fbem-7727	32	102	neglect	neglect	VERB
fbem-7727	32	103	the	the	DET
fbem-7727	32	104	ability	ability	NOUN
fbem-7727	32	105	and	and	CCONJ
fbem-7727	32	106	effectiveness	effectiveness	NOUN
fbem-7727	32	107	of	of	ADP
fbem-7727	32	108	control	control	NOUN
fbem-7727	32	109	over	over	ADP
fbem-7727	32	110	the	the	DET
fbem-7727	32	111	risks	risk	NOUN
fbem-7727	32	112	that	that	PRON
fbem-7727	32	113	may	may	AUX
fbem-7727	32	114	be	be	AUX
fbem-7727	32	115	faced	face	VERB
fbem-7727	32	116	by	by	ADP
fbem-7727	32	117	financial	financial	ADJ
fbem-7727	32	118	investment	investment	NOUN
fbem-7727	32	119	activities	activity	NOUN
fbem-7727	32	120	in	in	ADP
fbem-7727	32	121	the	the	DET
fbem-7727	32	122	design	design	NOUN
fbem-7727	32	123	and	and	CCONJ
fbem-7727	32	124	operation	operation	NOUN
fbem-7727	32	125	of	of	ADP
fbem-7727	32	126	internal	internal	ADJ
fbem-7727	32	127	control	control	NOUN
fbem-7727	32	128	,	,	PUNCT
fbem-7727	32	129	reducing	reduce	VERB
fbem-7727	32	130	the	the	DET
fbem-7727	32	131	supervision	supervision	NOUN
fbem-7727	32	132	and	and	CCONJ
fbem-7727	32	133	constraints	constraint	NOUN
fbem-7727	32	134	faced	face	VERB
fbem-7727	32	135	by	by	ADP
fbem-7727	32	136	management	management	NOUN
fbem-7727	32	137	in	in	ADP
fbem-7727	32	138	financial	financial	ADJ
fbem-7727	32	139	investment	investment	NOUN
fbem-7727	32	140	activities	activity	NOUN
fbem-7727	32	141	,	,	PUNCT
fbem-7727	32	142	increasing	increase	VERB
fbem-7727	32	143	the	the	DET
fbem-7727	32	144	probability	probability	NOUN
fbem-7727	32	145	that	that	SCONJ
fbem-7727	32	146	the	the	DET
fbem-7727	32	147	level	level	NOUN
fbem-7727	32	148	of	of	ADP
fbem-7727	32	149	corporate	corporate	ADJ
fbem-7727	32	150	financial	financial	ADJ
fbem-7727	32	151	investment	investment	NOUN
fbem-7727	32	152	deviates	deviate	VERB
fbem-7727	32	153	from	from	ADP
fbem-7727	32	154	the	the	DET
fbem-7727	32	155	internal	internal	ADJ
fbem-7727	32	156	control	control	NOUN
fbem-7727	32	157	objectives	objective	NOUN
fbem-7727	32	158	and	and	CCONJ
fbem-7727	32	159	the	the	DET
fbem-7727	32	160	optimal	optimal	ADJ
fbem-7727	32	161	level	level	NOUN
fbem-7727	32	162	of	of	ADP
fbem-7727	32	163	corporate	corporate	ADJ
fbem-7727	32	164	financialization	financialization	NOUN
fbem-7727	32	165	,	,	PUNCT
fbem-7727	32	166	and	and	CCONJ
fbem-7727	32	167	thus	thus	ADV
fbem-7727	32	168	increasing	increase	VERB
fbem-7727	32	169	the	the	DET
fbem-7727	32	170	level	level	NOUN
fbem-7727	32	171	of	of	ADP
fbem-7727	32	172	corporate	corporate	ADJ
fbem-7727	32	173	financialization	financialization	NOUN
fbem-7727	32	174	.	.	PUNCT
fbem-7727	33	1	in	in	ADP
fbem-7727	33	2	summary	summary	NOUN
fbem-7727	33	3	,	,	PUNCT
fbem-7727	33	4	managerial	managerial	ADJ
fbem-7727	33	5	competency	competency	NOUN
fbem-7727	33	6	can	can	AUX
fbem-7727	33	7	improve	improve	VERB
fbem-7727	33	8	the	the	DET
fbem-7727	33	9	financialization	financialization	NOUN
fbem-7727	33	10	level	level	NOUN
fbem-7727	33	11	by	by	ADP
fbem-7727	33	12	influencing	influence	VERB
fbem-7727	33	13	the	the	DET
fbem-7727	33	14	risk	risk	NOUN
fbem-7727	33	15	-	-	PUNCT
fbem-7727	33	16	taking	take	VERB
fbem-7727	33	17	level	level	NOUN
fbem-7727	33	18	and	and	CCONJ
fbem-7727	33	19	management	management	NOUN
fbem-7727	33	20	confidence	confidence	NOUN
fbem-7727	33	21	.	.	PUNCT
fbem-7727	34	1	based	base	VERB
fbem-7727	34	2	on	on	ADP
fbem-7727	34	3	the	the	DET
fbem-7727	34	4	above	above	ADJ
fbem-7727	34	5	analysis	analysis	NOUN
fbem-7727	34	6	,	,	PUNCT
fbem-7727	34	7	this	this	DET
fbem-7727	34	8	paper	paper	NOUN
fbem-7727	34	9	proposes	propose	VERB
fbem-7727	34	10	the	the	DET
fbem-7727	34	11	following	follow	VERB
fbem-7727	34	12	research	research	NOUN
fbem-7727	34	13	hypotheses	hypothesis	NOUN
fbem-7727	34	14	:	:	PUNCT
fbem-7727	34	15	hypothesis	hypothesis	NOUN
fbem-7727	34	16	h1	h1	PROPN
fbem-7727	34	17	:	:	PUNCT
fbem-7727	34	18	other	other	ADJ
fbem-7727	34	19	things	thing	NOUN
fbem-7727	34	20	being	be	AUX
fbem-7727	34	21	equal	equal	ADJ
fbem-7727	34	22	,	,	PUNCT
fbem-7727	34	23	managerial	managerial	ADJ
fbem-7727	34	24	competence	competence	NOUN
fbem-7727	34	25	is	be	AUX
fbem-7727	34	26	positively	positively	ADV
fbem-7727	34	27	related	relate	VERB
fbem-7727	34	28	to	to	ADP
fbem-7727	34	29	firm	firm	ADJ
fbem-7727	34	30	financialization	financialization	NOUN
fbem-7727	34	31	.	.	PUNCT
fbem-7727	35	1	3	3	X
fbem-7727	35	2	.	.	X
fbem-7727	35	3	research	research	NOUN
fbem-7727	35	4	design	design	PROPN
fbem-7727	35	5	3.1	3.1	NUM
fbem-7727	35	6	.	.	PUNCT
fbem-7727	35	7	sample	sample	NOUN
fbem-7727	35	8	selection	selection	NOUN
fbem-7727	35	9	this	this	DET
fbem-7727	35	10	paper	paper	NOUN
fbem-7727	35	11	takes	take	VERB
fbem-7727	35	12	the	the	DET
fbem-7727	35	13	listed	list	VERB
fbem-7727	35	14	companies	company	NOUN
fbem-7727	35	15	in	in	ADP
fbem-7727	35	16	shanghai	shanghai	PROPN
fbem-7727	35	17	and	and	CCONJ
fbem-7727	35	18	shenzhen	shenzhen	PROPN
fbem-7727	35	19	a	a	PROPN
fbem-7727	35	20	-	-	PUNCT
fbem-7727	35	21	shares	share	NOUN
fbem-7727	35	22	in	in	ADP
fbem-7727	35	23	china	china	PROPN
fbem-7727	35	24	from	from	ADP
fbem-7727	35	25	2011	2011	NUM
fbem-7727	35	26	to	to	ADP
fbem-7727	35	27	2020	2020	NUM
fbem-7727	35	28	as	as	ADP
fbem-7727	35	29	the	the	DET
fbem-7727	35	30	sample	sample	NOUN
fbem-7727	35	31	,	,	PUNCT
fbem-7727	35	32	and	and	CCONJ
fbem-7727	35	33	the	the	DET
fbem-7727	35	34	data	datum	NOUN
fbem-7727	35	35	are	be	AUX
fbem-7727	35	36	mainly	mainly	ADV
fbem-7727	35	37	from	from	ADP
fbem-7727	35	38	csmar	csmar	PROPN
fbem-7727	35	39	database	database	NOUN
fbem-7727	35	40	.	.	PUNCT
fbem-7727	36	1	the	the	DET
fbem-7727	36	2	initial	initial	ADJ
fbem-7727	36	3	data	datum	NOUN
fbem-7727	36	4	are	be	AUX
fbem-7727	36	5	processed	process	VERB
fbem-7727	36	6	as	as	SCONJ
fbem-7727	36	7	follows	follow	VERB
fbem-7727	36	8	:	:	PUNCT
fbem-7727	36	9	excluding	exclude	VERB
fbem-7727	36	10	st	st	PROPN
fbem-7727	36	11	and	and	CCONJ
fbem-7727	36	12	*	*	PROPN
fbem-7727	36	13	st	st	PROPN
fbem-7727	36	14	companies	company	NOUN
fbem-7727	36	15	;	;	PUNCT
fbem-7727	36	16	excluding	exclude	VERB
fbem-7727	36	17	financial	financial	ADJ
fbem-7727	36	18	sample	sample	NOUN
fbem-7727	36	19	data	datum	NOUN
fbem-7727	36	20	;	;	PUNCT
fbem-7727	36	21	excluding	exclude	VERB
fbem-7727	36	22	samples	sample	NOUN
fbem-7727	36	23	with	with	ADP
fbem-7727	36	24	serious	serious	ADJ
fbem-7727	36	25	missing	missing	ADJ
fbem-7727	36	26	data	datum	NOUN
fbem-7727	36	27	.	.	PUNCT
fbem-7727	37	1	in	in	ADP
fbem-7727	37	2	order	order	NOUN
fbem-7727	37	3	to	to	PART
fbem-7727	37	4	reduce	reduce	VERB
fbem-7727	37	5	the	the	DET
fbem-7727	37	6	possible	possible	ADJ
fbem-7727	37	7	impact	impact	NOUN
fbem-7727	37	8	of	of	ADP
fbem-7727	37	9	extreme	extreme	ADJ
fbem-7727	37	10	values	value	NOUN
fbem-7727	37	11	,	,	PUNCT
fbem-7727	37	12	all	all	DET
fbem-7727	37	13	continuous	continuous	ADJ
fbem-7727	37	14	variables	variable	NOUN
fbem-7727	37	15	of	of	ADP
fbem-7727	37	16	the	the	DET
fbem-7727	37	17	statistical	statistical	ADJ
fbem-7727	37	18	model	model	NOUN
fbem-7727	37	19	are	be	AUX
fbem-7727	37	20	winsorized	winsorize	VERB
fbem-7727	37	21	at	at	ADP
fbem-7727	37	22	each	each	DET
fbem-7727	37	23	upper	upper	ADJ
fbem-7727	37	24	and	and	CCONJ
fbem-7727	37	25	lower	low	ADJ
fbem-7727	37	26	1	1	NUM
fbem-7727	37	27	%	%	NOUN
fbem-7727	37	28	quantile	quantile	NOUN
fbem-7727	37	29	.	.	PUNCT
fbem-7727	38	1	3.2	3.2	NUM
fbem-7727	38	2	.	.	PUNCT
fbem-7727	39	1	variable	variable	ADJ
fbem-7727	39	2	definitions	definition	NOUN
fbem-7727	39	3	3.2.1	3.2.1	NUM
fbem-7727	39	4	.	.	PUNCT
fbem-7727	39	5	explained	explain	VERB
fbem-7727	39	6	variables	variable	NOUN
fbem-7727	39	7	financialization	financialization	NOUN
fbem-7727	39	8	of	of	ADP
fbem-7727	39	9	firms	firm	NOUN
fbem-7727	39	10	(	(	PUNCT
fbem-7727	39	11	fin	fin	NOUN
fbem-7727	39	12	)	)	PUNCT
fbem-7727	39	13	.	.	PUNCT
fbem-7727	40	1	drawing	draw	VERB
fbem-7727	40	2	on	on	ADP
fbem-7727	40	3	the	the	DET
fbem-7727	40	4	research	research	NOUN
fbem-7727	40	5	method	method	NOUN
fbem-7727	40	6	of	of	ADP
fbem-7727	40	7	du	du	PROPN
fbem-7727	40	8	yong	yong	PROPN
fbem-7727	41	1	[	[	X
fbem-7727	41	2	11	11	NUM
fbem-7727	41	3	]	]	PUNCT
fbem-7727	41	4	and	and	CCONJ
fbem-7727	41	5	others	other	NOUN
fbem-7727	41	6	,	,	PUNCT
fbem-7727	41	7	this	this	DET
fbem-7727	41	8	paper	paper	NOUN
fbem-7727	41	9	uses	use	VERB
fbem-7727	41	10	the	the	DET
fbem-7727	41	11	ratio	ratio	NOUN
fbem-7727	41	12	of	of	ADP
fbem-7727	41	13	financial	financial	ADJ
fbem-7727	41	14	assets	asset	NOUN
fbem-7727	41	15	to	to	PART
fbem-7727	41	16	total	total	VERB
fbem-7727	41	17	assets	asset	NOUN
fbem-7727	41	18	to	to	PART
fbem-7727	41	19	measure	measure	VERB
fbem-7727	41	20	the	the	DET
fbem-7727	41	21	level	level	NOUN
fbem-7727	41	22	of	of	ADP
fbem-7727	41	23	corporate	corporate	ADJ
fbem-7727	41	24	financialization	financialization	NOUN
fbem-7727	41	25	.	.	PUNCT
fbem-7727	42	1	that	that	PRON
fbem-7727	42	2	is	be	AUX
fbem-7727	42	3	,	,	PUNCT
fbem-7727	42	4	the	the	DET
fbem-7727	42	5	level	level	NOUN
fbem-7727	42	6	of	of	ADP
fbem-7727	42	7	enterprise	enterprise	NOUN
fbem-7727	42	8	financialization	financialization	NOUN
fbem-7727	42	9	=	=	SYM
fbem-7727	42	10	(	(	PUNCT
fbem-7727	42	11	trading	trade	VERB
fbem-7727	42	12	financial	financial	ADJ
fbem-7727	42	13	assets	asset	NOUN
fbem-7727	42	14	+	+	CCONJ
fbem-7727	42	15	derivative	derivative	ADJ
fbem-7727	42	16	financial	financial	ADJ
fbem-7727	42	17	assets	asset	NOUN
fbem-7727	42	18	+	+	CCONJ
fbem-7727	42	19	net	net	ADJ
fbem-7727	42	20	loans	loan	NOUN
fbem-7727	42	21	and	and	CCONJ
fbem-7727	42	22	advances	advance	NOUN
fbem-7727	42	23	issued	issue	VERB
fbem-7727	42	24	+	+	CCONJ
fbem-7727	42	25	net	net	ADJ
fbem-7727	42	26	available	available	ADJ
fbem-7727	42	27	-	-	PUNCT
fbem-7727	42	28	for	for	ADP
fbem-7727	42	29	-	-	PUNCT
fbem-7727	42	30	sale	sale	NOUN
fbem-7727	42	31	financial	financial	ADJ
fbem-7727	42	32	assets	asset	NOUN
fbem-7727	42	33	+	+	CCONJ
fbem-7727	42	34	net	net	ADJ
fbem-7727	42	35	held	hold	VERB
fbem-7727	42	36	-	-	PUNCT
fbem-7727	42	37	to	to	ADP
fbem-7727	42	38	-	-	PUNCT
fbem-7727	42	39	maturity	maturity	NOUN
fbem-7727	42	40	investments	investment	NOUN
fbem-7727	42	41	+	+	CCONJ
fbem-7727	42	42	net	net	ADJ
fbem-7727	42	43	investment	investment	NOUN
fbem-7727	42	44	properties)/total	properties)/total	ADJ
fbem-7727	42	45	assets	asset	NOUN
fbem-7727	42	46	.	.	PUNCT
fbem-7727	43	1	the	the	PRON
fbem-7727	43	2	higher	high	ADJ
fbem-7727	43	3	the	the	DET
fbem-7727	43	4	ratio	ratio	NOUN
fbem-7727	43	5	of	of	ADP
fbem-7727	43	6	financial	financial	ADJ
fbem-7727	43	7	assets	asset	NOUN
fbem-7727	43	8	to	to	ADP
fbem-7727	43	9	total	total	ADJ
fbem-7727	43	10	assets	asset	NOUN
fbem-7727	43	11	,	,	PUNCT
fbem-7727	43	12	the	the	PRON
fbem-7727	43	13	higher	high	ADJ
fbem-7727	43	14	the	the	DET
fbem-7727	43	15	level	level	NOUN
fbem-7727	43	16	of	of	ADP
fbem-7727	43	17	financialization	financialization	NOUN
fbem-7727	43	18	of	of	ADP
fbem-7727	43	19	the	the	DET
fbem-7727	43	20	enterprise	enterprise	NOUN
fbem-7727	43	21	.	.	PUNCT
fbem-7727	44	1	3.2.2	3.2.2	X
fbem-7727	44	2	.	.	PUNCT
fbem-7727	44	3	explanatory	explanatory	ADJ
fbem-7727	44	4	variables	variable	NOUN
fbem-7727	44	5	managerial	managerial	ADJ
fbem-7727	44	6	competence	competence	NOUN
fbem-7727	44	7	(	(	PUNCT
fbem-7727	44	8	ma	ma	PROPN
fbem-7727	44	9	)	)	PUNCT
fbem-7727	44	10	.	.	PUNCT
fbem-7727	45	1	this	this	DET
fbem-7727	45	2	paper	paper	NOUN
fbem-7727	45	3	adopts	adopt	VERB
fbem-7727	45	4	the	the	DET
fbem-7727	45	5	data	datum	NOUN
fbem-7727	45	6	envelopment	envelopment	ADJ
fbem-7727	45	7	analysis	analysis	NOUN
fbem-7727	45	8	(	(	PUNCT
fbem-7727	45	9	dea	dea	NOUN
fbem-7727	45	10	)	)	PUNCT
fbem-7727	45	11	method	method	NOUN
fbem-7727	45	12	to	to	PART
fbem-7727	45	13	measure	measure	VERB
fbem-7727	45	14	the	the	DET
fbem-7727	45	15	managerial	managerial	ADJ
fbem-7727	45	16	ability	ability	NOUN
fbem-7727	45	17	of	of	ADP
fbem-7727	45	18	listed	list	VERB
fbem-7727	45	19	companies	company	NOUN
fbem-7727	45	20	in	in	ADP
fbem-7727	45	21	china	china	PROPN
fbem-7727	45	22	,	,	PUNCT
fbem-7727	45	23	based	base	VERB
fbem-7727	45	24	on	on	ADP
fbem-7727	45	25	the	the	DET
fbem-7727	45	26	ideas	idea	NOUN
fbem-7727	45	27	of	of	ADP
fbem-7727	45	28	dermerjian	dermerjian	PROPN
fbem-7727	45	29	et	et	PROPN
fbem-7727	45	30	al	al	PROPN
fbem-7727	45	31	.	.	PUNCT
fbem-7727	46	1	the	the	DET
fbem-7727	46	2	specific	specific	ADJ
fbem-7727	46	3	calculation	calculation	NOUN
fbem-7727	46	4	process	process	NOUN
fbem-7727	46	5	is	be	AUX
fbem-7727	46	6	as	as	SCONJ
fbem-7727	46	7	follows	follow	VERB
fbem-7727	46	8	:	:	PUNCT
fbem-7727	46	9	①in	①in	ADJ
fbem-7727	46	10	this	this	DET
fbem-7727	46	11	paper	paper	NOUN
fbem-7727	46	12	,	,	PUNCT
fbem-7727	46	13	net	net	ADJ
fbem-7727	46	14	fixed	fix	VERB
fbem-7727	46	15	assets	asset	NOUN
fbem-7727	46	16	,	,	PUNCT
fbem-7727	46	17	net	net	ADJ
fbem-7727	46	18	intangible	intangible	ADJ
fbem-7727	46	19	assets	asset	NOUN
fbem-7727	46	20	,	,	PUNCT
fbem-7727	46	21	goodwill	goodwill	NOUN
fbem-7727	46	22	,	,	PUNCT
fbem-7727	46	23	r&d	r&d	NOUN
fbem-7727	46	24	expenses	expense	NOUN
fbem-7727	46	25	,	,	PUNCT
fbem-7727	46	26	operating	operating	NOUN
fbem-7727	46	27	costs	cost	NOUN
fbem-7727	46	28	,	,	PUNCT
fbem-7727	46	29	selling	selling	NOUN
fbem-7727	46	30	and	and	CCONJ
fbem-7727	46	31	administrative	administrative	ADJ
fbem-7727	46	32	expenses	expense	NOUN
fbem-7727	46	33	are	be	AUX
fbem-7727	46	34	used	use	VERB
fbem-7727	46	35	as	as	ADP
fbem-7727	46	36	input	input	NOUN
fbem-7727	46	37	variables	variable	NOUN
fbem-7727	46	38	in	in	ADP
fbem-7727	46	39	dea	dea	PROPN
fbem-7727	46	40	analysis	analysis	NOUN
fbem-7727	46	41	,	,	PUNCT
fbem-7727	46	42	and	and	CCONJ
fbem-7727	46	43	operating	operating	NOUN
fbem-7727	46	44	income	income	NOUN
fbem-7727	46	45	is	be	AUX
fbem-7727	46	46	used	use	VERB
fbem-7727	46	47	as	as	ADP
fbem-7727	46	48	the	the	DET
fbem-7727	46	49	only	only	ADJ
fbem-7727	46	50	output	output	NOUN
fbem-7727	46	51	variable	variable	NOUN
fbem-7727	46	52	to	to	PART
fbem-7727	46	53	calculate	calculate	VERB
fbem-7727	46	54	the	the	DET
fbem-7727	46	55	enterprise	enterprise	NOUN
fbem-7727	46	56	efficiency	efficiency	NOUN
fbem-7727	46	57	value	value	NOUN
fbem-7727	46	58	through	through	ADP
fbem-7727	46	59	data	datum	NOUN
fbem-7727	46	60	envelopment	envelopment	ADJ
fbem-7727	46	61	analysis	analysis	NOUN
fbem-7727	46	62	.	.	PUNCT
fbem-7727	47	1	the	the	DET
fbem-7727	47	2	efficiency	efficiency	NOUN
fbem-7727	47	3	values	value	NOUN
fbem-7727	47	4	calculated	calculate	VERB
fbem-7727	47	5	from	from	ADP
fbem-7727	47	6	the	the	DET
fbem-7727	47	7	data	datum	NOUN
fbem-7727	47	8	envelopment	envelopment	NOUN
fbem-7727	47	9	analysis	analysis	NOUN
fbem-7727	47	10	are	be	AUX
fbem-7727	47	11	influenced	influence	VERB
fbem-7727	47	12	by	by	ADP
fbem-7727	47	13	both	both	CCONJ
fbem-7727	47	14	firm	firm	ADJ
fbem-7727	47	15	and	and	CCONJ
fbem-7727	47	16	managerial	managerial	ADJ
fbem-7727	47	17	factors	factor	NOUN
fbem-7727	47	18	,	,	PUNCT
fbem-7727	47	19	so	so	SCONJ
fbem-7727	47	20	the	the	DET
fbem-7727	47	21	tobit	tobit	NOUN
fbem-7727	47	22	model	model	NOUN
fbem-7727	47	23	is	be	AUX
fbem-7727	47	24	used	use	VERB
fbem-7727	47	25	to	to	PART
fbem-7727	47	26	separate	separate	VERB
fbem-7727	47	27	the	the	DET
fbem-7727	47	28	effects	effect	NOUN
fbem-7727	47	29	of	of	ADP
fbem-7727	47	30	the	the	DET
fbem-7727	47	31	two	two	NUM
fbem-7727	47	32	levels	level	NOUN
fbem-7727	47	33	,	,	PUNCT
fbem-7727	47	34	and	and	CCONJ
fbem-7727	47	35	the	the	DET
fbem-7727	47	36	firm	firm	ADJ
fbem-7727	47	37	-	-	PUNCT
fbem-7727	47	38	level	level	NOUN
fbem-7727	47	39	factors	factor	NOUN
fbem-7727	47	40	controlled	control	VERB
fbem-7727	47	41	in	in	ADP
fbem-7727	47	42	the	the	DET
fbem-7727	47	43	tobit	tobit	NOUN
fbem-7727	47	44	model	model	NOUN
fbem-7727	47	45	include	include	VERB
fbem-7727	47	46	firm	firm	ADJ
fbem-7727	47	47	size	size	NOUN
fbem-7727	47	48	,	,	PUNCT
fbem-7727	47	49	market	market	NOUN
fbem-7727	47	50	share	share	NOUN
fbem-7727	47	51	,	,	PUNCT
fbem-7727	47	52	free	free	ADJ
fbem-7727	47	53	cash	cash	NOUN
fbem-7727	47	54	flow	flow	NOUN
fbem-7727	47	55	,	,	PUNCT
fbem-7727	47	56	years	year	NOUN
fbem-7727	47	57	of	of	ADP
fbem-7727	47	58	establishment	establishment	NOUN
fbem-7727	47	59	,	,	PUNCT
fbem-7727	47	60	internationalization	internationalization	NOUN
fbem-7727	47	61	and	and	CCONJ
fbem-7727	47	62	diversification	diversification	NOUN
fbem-7727	47	63	.	.	PUNCT
fbem-7727	48	1	the	the	PRON
fbem-7727	48	2	higher	high	ADJ
fbem-7727	48	3	the	the	DET
fbem-7727	48	4	regression	regression	NOUN
fbem-7727	48	5	residuals	residual	NOUN
fbem-7727	48	6	,	,	PUNCT
fbem-7727	48	7	the	the	PRON
fbem-7727	48	8	stronger	strong	ADJ
fbem-7727	48	9	the	the	DET
fbem-7727	48	10	managerial	managerial	ADJ
fbem-7727	48	11	capability	capability	NOUN
fbem-7727	48	12	.	.	PUNCT
fbem-7727	49	1	3.2.3	3.2.3	X
fbem-7727	49	2	.	.	X
fbem-7727	49	3	control	control	NOUN
fbem-7727	49	4	variables	variable	NOUN
fbem-7727	49	5	in	in	ADP
fbem-7727	49	6	order	order	NOUN
fbem-7727	49	7	to	to	PART
fbem-7727	49	8	ensure	ensure	VERB
fbem-7727	49	9	the	the	DET
fbem-7727	49	10	accuracy	accuracy	NOUN
fbem-7727	49	11	of	of	ADP
fbem-7727	49	12	the	the	DET
fbem-7727	49	13	research	research	NOUN
fbem-7727	49	14	results	result	NOUN
fbem-7727	49	15	,	,	PUNCT
fbem-7727	49	16	the	the	DET
fbem-7727	49	17	following	follow	VERB
fbem-7727	49	18	indicators	indicator	NOUN
fbem-7727	49	19	are	be	AUX
fbem-7727	49	20	selected	select	VERB
fbem-7727	49	21	as	as	ADP
fbem-7727	49	22	control	control	NOUN
fbem-7727	49	23	variables	variable	NOUN
fbem-7727	49	24	in	in	ADP
fbem-7727	49	25	this	this	DET
fbem-7727	49	26	paper	paper	NOUN
fbem-7727	49	27	:	:	PUNCT
fbem-7727	49	28	book	book	NOUN
fbem-7727	49	29	value	value	NOUN
fbem-7727	49	30	,	,	PUNCT
fbem-7727	49	31	gearing	gear	VERB
fbem-7727	49	32	ratio	ratio	NOUN
fbem-7727	49	33	,	,	PUNCT
fbem-7727	49	34	return	return	VERB
fbem-7727	49	35	on	on	ADP
fbem-7727	49	36	assets	asset	NOUN
fbem-7727	49	37	,	,	PUNCT
fbem-7727	49	38	return	return	VERB
fbem-7727	49	39	on	on	ADP
fbem-7727	49	40	net	net	ADJ
fbem-7727	49	41	assets	asset	NOUN
fbem-7727	49	42	,	,	PUNCT
fbem-7727	49	43	and	and	CCONJ
fbem-7727	49	44	firm	firm	ADJ
fbem-7727	49	45	size	size	NOUN
fbem-7727	49	46	.	.	PUNCT
fbem-7727	50	1	the	the	DET
fbem-7727	50	2	definitions	definition	NOUN
fbem-7727	50	3	of	of	ADP
fbem-7727	50	4	specific	specific	ADJ
fbem-7727	50	5	variables	variable	NOUN
fbem-7727	50	6	are	be	AUX
fbem-7727	50	7	shown	show	VERB
fbem-7727	50	8	in	in	ADP
fbem-7727	50	9	table	table	NOUN
fbem-7727	50	10	1	1	NUM
fbem-7727	50	11	.	.	ADP
fbem-7727	50	12	3.3	3.3	NUM
fbem-7727	50	13	.	.	PUNCT
fbem-7727	51	1	regression	regression	NOUN
fbem-7727	51	2	model	model	NOUN
fbem-7727	51	3	construction	construction	NOUN
fbem-7727	51	4	to	to	PART
fbem-7727	51	5	examine	examine	VERB
fbem-7727	51	6	the	the	DET
fbem-7727	51	7	influence	influence	NOUN
fbem-7727	51	8	of	of	ADP
fbem-7727	51	9	managers	manager	NOUN
fbem-7727	51	10	'	'	PART
fbem-7727	51	11	competence	competence	NOUN
fbem-7727	51	12	on	on	ADP
fbem-7727	51	13	the	the	DET
fbem-7727	51	14	financialization	financialization	NOUN
fbem-7727	51	15	of	of	ADP
fbem-7727	51	16	firms	firm	NOUN
fbem-7727	51	17	,	,	PUNCT
fbem-7727	51	18	the	the	DET
fbem-7727	51	19	following	follow	VERB
fbem-7727	51	20	benchmark	benchmark	NOUN
fbem-7727	51	21	model	model	NOUN
fbem-7727	51	22	is	be	AUX
fbem-7727	51	23	constructed	construct	VERB
fbem-7727	51	24	in	in	ADP
fbem-7727	51	25	this	this	DET
fbem-7727	51	26	paper	paper	NOUN
fbem-7727	51	27	:	:	PUNCT
fbem-7727	52	1	𝐹𝑖𝑛	𝐹𝑖𝑛	PROPN
fbem-7727	52	2	,	,	PUNCT
fbem-7727	52	3	𝛼	𝛼	VERB
fbem-7727	52	4	𝛼	𝛼	NOUN
fbem-7727	52	5	𝑀𝐴	𝑀𝐴	PROPN
fbem-7727	52	6	,	,	PUNCT
fbem-7727	52	7	𝛼	𝛼	PROPN
fbem-7727	52	8	𝑇𝑂𝑃10	𝑇𝑂𝑃10	PROPN
fbem-7727	52	9	,	,	PUNCT
fbem-7727	52	10	𝛼	𝛼	PROPN
fbem-7727	52	11	𝐿𝑒𝑣	𝐿𝑒𝑣	PROPN
fbem-7727	52	12	,	,	PUNCT
fbem-7727	52	13	𝛼	𝛼	PROPN
fbem-7727	52	14	𝑆𝑖𝑧𝑒	𝑆𝑖𝑧𝑒	PROPN
fbem-7727	52	15	,	,	PUNCT
fbem-7727	52	16	𝛼	𝛼	PROPN
fbem-7727	52	17	𝐵𝑜𝑎𝑟𝑑	𝐵𝑜𝑎𝑟𝑑	NOUN
fbem-7727	52	18	,	,	PUNCT
fbem-7727	52	19	𝛼	𝛼	PROPN
fbem-7727	52	20	𝑅𝑒𝑡𝑢𝑟𝑛	𝑅𝑒𝑡𝑢𝑟𝑛	PROPN
fbem-7727	52	21	,	,	PUNCT
fbem-7727	52	22	𝛼	𝛼	PROPN
fbem-7727	52	23	𝑅𝑜𝑒	𝑅𝑜𝑒	PROPN
fbem-7727	52	24	,	,	PUNCT
fbem-7727	52	25	𝛼	𝛼	PROPN
fbem-7727	52	26	𝑀ℎ𝑜𝑙𝑑	𝑀ℎ𝑜𝑙𝑑	PROPN
fbem-7727	52	27	,	,	PUNCT
fbem-7727	52	28	𝛼	𝛼	PROPN
fbem-7727	52	29	𝐴𝑔𝑒	𝐴𝑔𝑒	PROPN
fbem-7727	52	30	,	,	PUNCT
fbem-7727	52	31	𝛼	𝛼	VERB
fbem-7727	52	32	𝐵𝑚	𝐵𝑚	PROPN
fbem-7727	52	33	,	,	PUNCT
fbem-7727	52	34	𝛼	𝛼	PROPN
fbem-7727	52	35	𝑆𝑡𝑎𝑡𝑒	𝑆𝑡𝑎𝑡𝑒	PROPN
fbem-7727	52	36	,	,	PUNCT
fbem-7727	52	37	𝛼	𝛼	VERB
fbem-7727	52	38	𝐶𝑓	𝐶𝑓	PROPN
fbem-7727	52	39	,	,	PUNCT
fbem-7727	52	40	∑	∑	ADP
fbem-7727	52	41	𝐼𝑛𝑑	𝐼𝑛𝑑	VERB
fbem-7727	52	42	∑	∑	PUNCT
fbem-7727	52	43	𝑌𝑒𝑎𝑟	𝑌𝑒𝑎𝑟	PROPN
fbem-7727	52	44	𝜀	𝜀	NOUN
fbem-7727	52	45	(	(	PUNCT
fbem-7727	52	46	1	1	NUM
fbem-7727	52	47	)	)	PUNCT
fbem-7727	52	48	82	82	NUM
fbem-7727	52	49	table	table	NOUN
fbem-7727	52	50	1	1	NUM
fbem-7727	52	51	.	.	PUNCT
fbem-7727	53	1	definition	definition	NOUN
fbem-7727	53	2	of	of	ADP
fbem-7727	53	3	variables	variable	NOUN
fbem-7727	53	4	variable	variable	ADJ
fbem-7727	53	5	name	name	NOUN
fbem-7727	53	6	variable	variable	ADJ
fbem-7727	53	7	symbols	symbol	NOUN
fbem-7727	53	8	variable	variable	ADJ
fbem-7727	53	9	definition	definition	NOUN
fbem-7727	53	10	level	level	NOUN
fbem-7727	53	11	of	of	ADP
fbem-7727	53	12	corporate	corporate	ADJ
fbem-7727	53	13	financialization	financialization	NOUN
fbem-7727	53	14	fin	fin	NOUN
fbem-7727	53	15	financial	financial	ADJ
fbem-7727	53	16	assets	asset	NOUN
fbem-7727	53	17	/	/	SYM
fbem-7727	53	18	total	total	ADJ
fbem-7727	53	19	assets	asset	NOUN
fbem-7727	53	20	managerial	managerial	ADJ
fbem-7727	53	21	capacity	capacity	NOUN
fbem-7727	53	22	ma	ma	PROPN
fbem-7727	53	23	referring	refer	VERB
fbem-7727	53	24	to	to	ADP
fbem-7727	53	25	demerjian	demerjian	PROPN
fbem-7727	53	26	et	et	PROPN
fbem-7727	53	27	al	al	PROPN
fbem-7727	53	28	.	.	PROPN
fbem-7727	54	1	(	(	PUNCT
fbem-7727	54	2	2012	2012	NUM
fbem-7727	54	3	)	)	PUNCT
fbem-7727	54	4	,	,	PUNCT
fbem-7727	54	5	using	use	VERB
fbem-7727	54	6	dea	dea	PROPN
fbem-7727	54	7	phased	phase	VERB
fbem-7727	54	8	calculation	calculation	NOUN
fbem-7727	54	9	shareholding	shareholding	NOUN
fbem-7727	54	10	ratio	ratio	NOUN
fbem-7727	54	11	of	of	ADP
fbem-7727	54	12	top	top	ADJ
fbem-7727	54	13	ten	ten	NUM
fbem-7727	54	14	shareholders	shareholder	NOUN
fbem-7727	54	15	top10	top10	NOUN
fbem-7727	54	16	number	number	NOUN
fbem-7727	54	17	of	of	ADP
fbem-7727	54	18	shares	share	NOUN
fbem-7727	54	19	held	hold	VERB
fbem-7727	54	20	by	by	ADP
fbem-7727	54	21	the	the	DET
fbem-7727	54	22	top	top	ADJ
fbem-7727	54	23	ten	ten	NUM
fbem-7727	54	24	shareholders	shareholder	NOUN
fbem-7727	54	25	/	/	PUNCT
fbem-7727	54	26	issued	issue	VERB
fbem-7727	54	27	and	and	CCONJ
fbem-7727	54	28	outstanding	outstanding	ADJ
fbem-7727	54	29	number	number	NOUN
fbem-7727	54	30	of	of	ADP
fbem-7727	54	31	common	common	ADJ
fbem-7727	54	32	shares	share	NOUN
fbem-7727	54	33	gearing	gear	VERB
fbem-7727	54	34	ratio	ratio	NOUN
fbem-7727	54	35	lev	lev	PROPN
fbem-7727	54	36	company	company	NOUN
fbem-7727	54	37	liabilities	liability	NOUN
fbem-7727	54	38	divided	divide	VERB
fbem-7727	54	39	by	by	ADP
fbem-7727	54	40	total	total	ADJ
fbem-7727	54	41	assets	asset	NOUN
fbem-7727	54	42	enterprise	enterprise	NOUN
fbem-7727	54	43	size	size	NOUN
fbem-7727	54	44	size	size	NOUN
fbem-7727	54	45	natural	natural	ADJ
fbem-7727	54	46	logarithm	logarithm	NOUN
fbem-7727	54	47	of	of	ADP
fbem-7727	54	48	the	the	DET
fbem-7727	54	49	total	total	ADJ
fbem-7727	54	50	assets	asset	NOUN
fbem-7727	54	51	of	of	ADP
fbem-7727	54	52	the	the	DET
fbem-7727	54	53	listed	list	VERB
fbem-7727	54	54	board	board	PROPN
fbem-7727	54	55	size	size	NOUN
fbem-7727	54	56	board	board	PROPN
fbem-7727	54	57	natural	natural	ADJ
fbem-7727	54	58	logarithm	logarithm	NOUN
fbem-7727	54	59	of	of	ADP
fbem-7727	54	60	board	board	NOUN
fbem-7727	54	61	size	size	NOUN
fbem-7727	54	62	stock	stock	NOUN
fbem-7727	54	63	yield	yield	NOUN
fbem-7727	54	64	return	return	VERB
fbem-7727	54	65	corporate	corporate	ADJ
fbem-7727	54	66	secondary	secondary	ADJ
fbem-7727	54	67	market	market	NOUN
fbem-7727	54	68	stock	stock	NOUN
fbem-7727	54	69	return	return	NOUN
fbem-7727	54	70	ratio	ratio	NOUN
fbem-7727	54	71	return	return	NOUN
fbem-7727	54	72	on	on	ADP
fbem-7727	54	73	net	net	ADJ
fbem-7727	54	74	assets	asset	NOUN
fbem-7727	54	75	roe	roe	PROPN
fbem-7727	54	76	net	net	ADJ
fbem-7727	54	77	profit	profit	NOUN
fbem-7727	54	78	/	/	SYM
fbem-7727	54	79	average	average	ADJ
fbem-7727	54	80	balance	balance	NOUN
fbem-7727	54	81	of	of	ADP
fbem-7727	54	82	shareholders	shareholder	NOUN
fbem-7727	54	83	'	'	PART
fbem-7727	54	84	equity	equity	NOUN
fbem-7727	54	85	management	management	NOUN
fbem-7727	54	86	shareholding	shareholding	NOUN
fbem-7727	54	87	ratio	ratio	NOUN
fbem-7727	54	88	mhold	mhold	NOUN
fbem-7727	54	89	number	number	NOUN
fbem-7727	54	90	of	of	ADP
fbem-7727	54	91	shares	share	NOUN
fbem-7727	54	92	held	hold	VERB
fbem-7727	54	93	by	by	ADP
fbem-7727	54	94	management	management	NOUN
fbem-7727	54	95	/	/	SYM
fbem-7727	54	96	total	total	NOUN
fbem-7727	54	97	equity	equity	NOUN
fbem-7727	54	98	number	number	NOUN
fbem-7727	54	99	of	of	ADP
fbem-7727	54	100	years	year	NOUN
fbem-7727	54	101	of	of	ADP
fbem-7727	54	102	establishment	establishment	NOUN
fbem-7727	54	103	age	age	NOUN
fbem-7727	54	104	number	number	NOUN
fbem-7727	54	105	of	of	ADP
fbem-7727	54	106	years	year	NOUN
fbem-7727	54	107	of	of	ADP
fbem-7727	54	108	company	company	NOUN
fbem-7727	54	109	establishment	establishment	NOUN
fbem-7727	54	110	:	:	PUNCT
fbem-7727	54	111	natural	natural	ADJ
fbem-7727	54	112	logarithm	logarithm	NOUN
fbem-7727	54	113	of	of	ADP
fbem-7727	54	114	the	the	DET
fbem-7727	54	115	total	total	ADJ
fbem-7727	54	116	number	number	NOUN
fbem-7727	54	117	of	of	ADP
fbem-7727	54	118	years	year	NOUN
fbem-7727	54	119	from	from	ADP
fbem-7727	54	120	the	the	DET
fbem-7727	54	121	year	year	NOUN
fbem-7727	54	122	of	of	ADP
fbem-7727	54	123	ipo	ipo	NOUN
fbem-7727	54	124	issuance	issuance	NOUN
fbem-7727	54	125	to	to	ADP
fbem-7727	54	126	the	the	DET
fbem-7727	54	127	end	end	NOUN
fbem-7727	54	128	of	of	ADP
fbem-7727	54	129	the	the	DET
fbem-7727	54	130	previous	previous	ADJ
fbem-7727	54	131	year	year	NOUN
fbem-7727	54	132	book	book	NOUN
fbem-7727	54	133	value	value	NOUN
fbem-7727	54	134	bm	bm	PROPN
fbem-7727	54	135	total	total	ADJ
fbem-7727	54	136	assets	asset	NOUN
fbem-7727	54	137	/	/	SYM
fbem-7727	54	138	market	market	NOUN
fbem-7727	54	139	capitalization	capitalization	NOUN
fbem-7727	54	140	nature	nature	NOUN
fbem-7727	54	141	of	of	ADP
fbem-7727	54	142	business	business	NOUN
fbem-7727	54	143	state	state	NOUN
fbem-7727	54	144	ultimate	ultimate	ADJ
fbem-7727	54	145	controller	controller	NOUN
fbem-7727	54	146	of	of	ADP
fbem-7727	54	147	the	the	DET
fbem-7727	54	148	listed	list	VERB
fbem-7727	54	149	company	company	NOUN
fbem-7727	54	150	,	,	PUNCT
fbem-7727	54	151	1	1	NUM
fbem-7727	54	152	if	if	SCONJ
fbem-7727	54	153	the	the	DET
fbem-7727	54	154	ultimate	ultimate	ADJ
fbem-7727	54	155	controller	controller	NOUN
fbem-7727	54	156	is	be	AUX
fbem-7727	54	157	the	the	DET
fbem-7727	54	158	government	government	NOUN
fbem-7727	54	159	,	,	PUNCT
fbem-7727	54	160	0	0	NUM
fbem-7727	54	161	otherwise	otherwise	ADV
fbem-7727	54	162	cash	cash	NOUN
fbem-7727	54	163	flow	flow	NOUN
fbem-7727	54	164	cf	cf	NOUN
fbem-7727	54	165	net	net	ADJ
fbem-7727	54	166	cash	cash	NOUN
fbem-7727	54	167	flow	flow	NOUN
fbem-7727	54	168	from	from	ADP
fbem-7727	54	169	operating	operate	VERB
fbem-7727	54	170	activities	activity	NOUN
fbem-7727	54	171	/	/	SYM
fbem-7727	54	172	total	total	ADJ
fbem-7727	54	173	assets	asset	NOUN
fbem-7727	54	174	at	at	ADP
fbem-7727	54	175	the	the	DET
fbem-7727	54	176	beginning	beginning	NOUN
fbem-7727	54	177	of	of	ADP
fbem-7727	54	178	the	the	DET
fbem-7727	54	179	period	period	NOUN
fbem-7727	54	180	industry	industry	NOUN
fbem-7727	54	181	ind	ind	NOUN
fbem-7727	54	182	dummy	dummy	ADJ
fbem-7727	54	183	variables	variable	NOUN
fbem-7727	54	184	year	year	NOUN
fbem-7727	54	185	year	year	NOUN
fbem-7727	54	186	dummy	dummy	NOUN
fbem-7727	54	187	variables	variable	NOUN
fbem-7727	54	188	4	4	NUM
fbem-7727	54	189	.	.	PUNCT
fbem-7727	54	190	empirical	empirical	ADJ
fbem-7727	54	191	tests	test	NOUN
fbem-7727	54	192	4.1	4.1	NUM
fbem-7727	54	193	.	.	PUNCT
fbem-7727	55	1	descriptive	descriptive	ADJ
fbem-7727	55	2	statistics	statistic	NOUN
fbem-7727	55	3	from	from	ADP
fbem-7727	55	4	the	the	DET
fbem-7727	55	5	descriptive	descriptive	ADJ
fbem-7727	55	6	statistics	statistic	NOUN
fbem-7727	55	7	in	in	ADP
fbem-7727	55	8	table	table	NOUN
fbem-7727	55	9	2	2	NUM
fbem-7727	55	10	,	,	PUNCT
fbem-7727	55	11	we	we	PRON
fbem-7727	55	12	can	can	AUX
fbem-7727	55	13	see	see	VERB
fbem-7727	55	14	that	that	SCONJ
fbem-7727	55	15	the	the	DET
fbem-7727	55	16	mean	mean	ADJ
fbem-7727	55	17	value	value	NOUN
fbem-7727	55	18	of	of	ADP
fbem-7727	55	19	corporate	corporate	ADJ
fbem-7727	55	20	financialization	financialization	NOUN
fbem-7727	55	21	(	(	PUNCT
fbem-7727	55	22	fin	fin	NOUN
fbem-7727	55	23	)	)	PUNCT
fbem-7727	55	24	is	be	AUX
fbem-7727	55	25	0.0360	0.0360	NUM
fbem-7727	55	26	and	and	CCONJ
fbem-7727	55	27	the	the	DET
fbem-7727	55	28	median	median	ADJ
fbem-7727	55	29	value	value	NOUN
fbem-7727	55	30	is	be	AUX
fbem-7727	55	31	0.00700	0.00700	NUM
fbem-7727	55	32	,	,	PUNCT
fbem-7727	55	33	the	the	DET
fbem-7727	55	34	mean	mean	ADJ
fbem-7727	55	35	value	value	NOUN
fbem-7727	55	36	is	be	AUX
fbem-7727	55	37	greater	great	ADJ
fbem-7727	55	38	than	than	ADP
fbem-7727	55	39	the	the	DET
fbem-7727	55	40	median	median	NOUN
fbem-7727	55	41	indicating	indicate	VERB
fbem-7727	55	42	that	that	SCONJ
fbem-7727	55	43	the	the	DET
fbem-7727	55	44	distribution	distribution	NOUN
fbem-7727	55	45	of	of	ADP
fbem-7727	55	46	corporate	corporate	ADJ
fbem-7727	55	47	financialization	financialization	NOUN
fbem-7727	55	48	is	be	AUX
fbem-7727	55	49	right	right	ADV
fbem-7727	55	50	-	-	PUNCT
fbem-7727	55	51	skewed	skewed	ADJ
fbem-7727	55	52	and	and	CCONJ
fbem-7727	55	53	the	the	DET
fbem-7727	55	54	difference	difference	NOUN
fbem-7727	55	55	in	in	ADP
fbem-7727	55	56	the	the	DET
fbem-7727	55	57	maximum	maximum	ADJ
fbem-7727	55	58	value	value	NOUN
fbem-7727	55	59	is	be	AUX
fbem-7727	55	60	large	large	ADJ
fbem-7727	55	61	,	,	PUNCT
fbem-7727	55	62	indicating	indicate	VERB
fbem-7727	55	63	the	the	DET
fbem-7727	55	64	existence	existence	NOUN
fbem-7727	55	65	of	of	ADP
fbem-7727	55	66	significant	significant	ADJ
fbem-7727	55	67	individual	individual	ADJ
fbem-7727	55	68	differences	difference	NOUN
fbem-7727	55	69	;	;	PUNCT
fbem-7727	55	70	the	the	DET
fbem-7727	55	71	mean	mean	ADJ
fbem-7727	55	72	value	value	NOUN
fbem-7727	55	73	of	of	ADP
fbem-7727	55	74	managerial	managerial	ADJ
fbem-7727	55	75	competence	competence	NOUN
fbem-7727	55	76	(	(	PUNCT
fbem-7727	55	77	ma	ma	PROPN
fbem-7727	55	78	)	)	PUNCT
fbem-7727	55	79	is	be	AUX
fbem-7727	55	80	-0.0120	-0.0120	ADJ
fbem-7727	55	81	and	and	CCONJ
fbem-7727	55	82	the	the	DET
fbem-7727	55	83	median	median	ADJ
fbem-7727	55	84	value	value	NOUN
fbem-7727	55	85	is	be	AUX
fbem-7727	55	86	-0.0410	-0.0410	PROPN
fbem-7727	55	87	,	,	PUNCT
fbem-7727	55	88	the	the	DET
fbem-7727	55	89	mean	mean	ADJ
fbem-7727	55	90	value	value	NOUN
fbem-7727	55	91	is	be	AUX
fbem-7727	55	92	higher	high	ADJ
fbem-7727	55	93	than	than	ADP
fbem-7727	55	94	the	the	DET
fbem-7727	55	95	median	median	NOUN
fbem-7727	55	96	,	,	PUNCT
fbem-7727	55	97	indicating	indicate	VERB
fbem-7727	55	98	that	that	SCONJ
fbem-7727	55	99	the	the	DET
fbem-7727	55	100	overall	overall	ADJ
fbem-7727	55	101	managerial	managerial	ADJ
fbem-7727	55	102	competence	competence	NOUN
fbem-7727	55	103	is	be	AUX
fbem-7727	55	104	higher	high	ADJ
fbem-7727	55	105	.	.	PUNCT
fbem-7727	56	1	the	the	DET
fbem-7727	56	2	mean	mean	ADJ
fbem-7727	56	3	value	value	NOUN
fbem-7727	56	4	of	of	ADP
fbem-7727	56	5	managerial	managerial	ADJ
fbem-7727	56	6	competency	competency	NOUN
fbem-7727	56	7	(	(	PUNCT
fbem-7727	56	8	ma	ma	PROPN
fbem-7727	56	9	)	)	PUNCT
fbem-7727	56	10	is	be	AUX
fbem-7727	56	11	-0.0120	-0.0120	ADJ
fbem-7727	56	12	and	and	CCONJ
fbem-7727	56	13	the	the	DET
fbem-7727	56	14	median	median	ADJ
fbem-7727	56	15	value	value	NOUN
fbem-7727	56	16	is	be	AUX
fbem-7727	56	17	-0.0410	-0.0410	PROPN
fbem-7727	56	18	,	,	PUNCT
fbem-7727	56	19	the	the	DET
fbem-7727	56	20	mean	mean	ADJ
fbem-7727	56	21	value	value	NOUN
fbem-7727	56	22	is	be	AUX
fbem-7727	56	23	higher	high	ADJ
fbem-7727	56	24	than	than	ADP
fbem-7727	56	25	the	the	DET
fbem-7727	56	26	median	median	NOUN
fbem-7727	56	27	,	,	PUNCT
fbem-7727	56	28	indicating	indicate	VERB
fbem-7727	56	29	that	that	SCONJ
fbem-7727	56	30	the	the	DET
fbem-7727	56	31	overall	overall	ADJ
fbem-7727	56	32	managerial	managerial	ADJ
fbem-7727	56	33	competency	competency	NOUN
fbem-7727	56	34	is	be	AUX
fbem-7727	56	35	higher	high	ADJ
fbem-7727	56	36	,	,	PUNCT
fbem-7727	56	37	and	and	CCONJ
fbem-7727	56	38	the	the	DET
fbem-7727	56	39	standard	standard	ADJ
fbem-7727	56	40	deviation	deviation	NOUN
fbem-7727	56	41	is	be	AUX
fbem-7727	56	42	0.165	0.165	NUM
fbem-7727	56	43	,	,	PUNCT
fbem-7727	56	44	indicating	indicate	VERB
fbem-7727	56	45	that	that	SCONJ
fbem-7727	56	46	there	there	PRON
fbem-7727	56	47	is	be	VERB
fbem-7727	56	48	a	a	DET
fbem-7727	56	49	large	large	ADJ
fbem-7727	56	50	difference	difference	NOUN
fbem-7727	56	51	in	in	ADP
fbem-7727	56	52	managerial	managerial	ADJ
fbem-7727	56	53	competency	competency	NOUN
fbem-7727	56	54	between	between	ADP
fbem-7727	56	55	companies	company	NOUN
fbem-7727	56	56	;	;	PUNCT
fbem-7727	56	57	the	the	DET
fbem-7727	56	58	minimum	minimum	ADJ
fbem-7727	56	59	value	value	NOUN
fbem-7727	56	60	of	of	ADP
fbem-7727	56	61	gearing	gearing	NOUN
fbem-7727	56	62	is	be	AUX
fbem-7727	56	63	0.0540	0.0540	NUM
fbem-7727	56	64	and	and	CCONJ
fbem-7727	56	65	the	the	DET
fbem-7727	56	66	maximum	maximum	ADJ
fbem-7727	56	67	value	value	NOUN
fbem-7727	56	68	is	be	AUX
fbem-7727	56	69	0.930	0.930	NUM
fbem-7727	56	70	,	,	PUNCT
fbem-7727	56	71	indicating	indicate	VERB
fbem-7727	56	72	that	that	SCONJ
fbem-7727	56	73	there	there	PRON
fbem-7727	56	74	is	be	VERB
fbem-7727	56	75	a	a	DET
fbem-7727	56	76	large	large	ADJ
fbem-7727	56	77	difference	difference	NOUN
fbem-7727	56	78	in	in	ADP
fbem-7727	56	79	gearing	gearing	NOUN
fbem-7727	56	80	between	between	ADP
fbem-7727	56	81	companies	company	NOUN
fbem-7727	56	82	.	.	PUNCT
fbem-7727	57	1	table	table	NOUN
fbem-7727	57	2	2	2	NUM
fbem-7727	57	3	.	.	PUNCT
fbem-7727	57	4	descriptive	descriptive	ADJ
fbem-7727	57	5	statistics	statistic	NOUN
fbem-7727	57	6	of	of	ADP
fbem-7727	57	7	the	the	DET
fbem-7727	57	8	variables	variable	NOUN
fbem-7727	57	9	variable	variable	ADJ
fbem-7727	57	10	observation	observation	NOUN
fbem-7727	57	11	mean	mean	NOUN
fbem-7727	57	12	median	median	ADJ
fbem-7727	57	13	standard	standard	ADJ
fbem-7727	57	14	deviation	deviation	NOUN
fbem-7727	57	15	minimum	minimum	ADJ
fbem-7727	57	16	minimum	minimum	NOUN
fbem-7727	57	17	fin	fin	NOUN
fbem-7727	57	18	19116	19116	NUM
fbem-7727	57	19	0.0360	0.0360	NUM
fbem-7727	57	20	0.00700	0.00700	NUM
fbem-7727	57	21	0.0710	0.0710	NUM
fbem-7727	57	22	0	0	NUM
fbem-7727	57	23	0.409	0.409	NUM
fbem-7727	57	24	ma	ma	PROPN
fbem-7727	57	25	19116	19116	NUM
fbem-7727	57	26	-0.0120	-0.0120	NOUN
fbem-7727	57	27	-0.0410	-0.0410	PROPN
fbem-7727	58	1	0.165	0.165	NUM
fbem-7727	58	2	-0.398	-0.398	NUM
fbem-7727	58	3	0.412	0.412	NUM
fbem-7727	58	4	top10	top10	NOUN
fbem-7727	58	5	19116	19116	NUM
fbem-7727	58	6	58.75	58.75	NUM
fbem-7727	58	7	59.67	59.67	NUM
fbem-7727	58	8	14.96	14.96	NUM
fbem-7727	58	9	23.20	23.20	NUM
fbem-7727	58	10	90.32	90.32	NUM
fbem-7727	58	11	lev	lev	NOUN
fbem-7727	58	12	19116	19116	NUM
fbem-7727	58	13	0.431	0.431	NUM
fbem-7727	58	14	0.425	0.425	NUM
fbem-7727	58	15	0.206	0.206	NUM
fbem-7727	58	16	0.0540	0.0540	NUM
fbem-7727	58	17	0.930	0.930	NUM
fbem-7727	58	18	size	size	NOUN
fbem-7727	58	19	19116	19116	NUM
fbem-7727	58	20	22.25	22.25	NUM
fbem-7727	58	21	22.06	22.06	NUM
fbem-7727	58	22	1.284	1.284	NUM
fbem-7727	58	23	19.76	19.76	NUM
fbem-7727	58	24	26.15	26.15	NUM
fbem-7727	58	25	board	board	NOUN
fbem-7727	58	26	19116	19116	NUM
fbem-7727	58	27	2.133	2.133	NUM
fbem-7727	58	28	2.197	2.197	NUM
fbem-7727	58	29	0.195	0.195	NUM
fbem-7727	58	30	1.609	1.609	NUM
fbem-7727	58	31	2.708	2.708	NUM
fbem-7727	58	32	return	return	NOUN
fbem-7727	58	33	19116	19116	NUM
fbem-7727	58	34	0.200	0.200	NUM
fbem-7727	58	35	0.0380	0.0380	NUM
fbem-7727	58	36	0.629	0.629	NUM
fbem-7727	58	37	-0.669	-0.669	NUM
fbem-7727	58	38	2.832	2.832	NUM
fbem-7727	58	39	roe	roe	NOUN
fbem-7727	58	40	19116	19116	NUM
fbem-7727	58	41	0.0610	0.0610	NUM
fbem-7727	58	42	0.0680	0.0680	NUM
fbem-7727	58	43	0.119	0.119	NUM
fbem-7727	58	44	-0.630	-0.630	NOUN
fbem-7727	58	45	0.331	0.331	NUM
fbem-7727	58	46	mhold	mhold	NOUN
fbem-7727	58	47	19116	19116	NUM
fbem-7727	58	48	12.79	12.79	NUM
fbem-7727	58	49	0.347	0.347	NUM
fbem-7727	58	50	19.43	19.43	NUM
fbem-7727	58	51	0	0	NUM
fbem-7727	58	52	68.68	68.68	NUM
fbem-7727	58	53	age	age	NOUN
fbem-7727	58	54	19116	19116	NUM
fbem-7727	58	55	10.71	10.71	NUM
fbem-7727	58	56	9	9	NUM
fbem-7727	58	57	7.598	7.598	NUM
fbem-7727	58	58	0	0	NUM
fbem-7727	58	59	27	27	NUM
fbem-7727	58	60	bm	bm	NOUN
fbem-7727	58	61	19116	19116	NUM
fbem-7727	58	62	0.636	0.636	NUM
fbem-7727	58	63	0.640	0.640	NUM
fbem-7727	58	64	0.245	0.245	NUM
fbem-7727	58	65	0.129	0.129	NUM
fbem-7727	58	66	1.147	1.147	NUM
fbem-7727	58	67	state	state	NOUN
fbem-7727	58	68	19116	19116	NUM
fbem-7727	58	69	0.378	0.378	NUM
fbem-7727	58	70	0	0	NUM
fbem-7727	58	71	0.485	0.485	NUM
fbem-7727	58	72	0	0	NUM
fbem-7727	58	73	1	1	NUM
fbem-7727	58	74	cf	cf	NOUN
fbem-7727	58	75	19116	19116	NUM
fbem-7727	58	76	0.0560	0.0560	NUM
fbem-7727	58	77	0.0520	0.0520	NUM
fbem-7727	58	78	0.0830	0.0830	NUM
fbem-7727	58	79	-0.205	-0.205	X
fbem-7727	58	80	0.354	0.354	NUM
fbem-7727	58	81	4.2	4.2	NUM
fbem-7727	58	82	.	.	PUNCT
fbem-7727	59	1	table	table	NOUN
fbem-7727	59	2	of	of	ADP
fbem-7727	59	3	correlation	correlation	NOUN
fbem-7727	59	4	coefficients	coefficient	NOUN
fbem-7727	59	5	table	table	NOUN
fbem-7727	59	6	3	3	NUM
fbem-7727	59	7	reports	report	VERB
fbem-7727	59	8	the	the	DET
fbem-7727	59	9	correlation	correlation	NOUN
fbem-7727	59	10	coefficients	coefficient	VERB
fbem-7727	59	11	between	between	ADP
fbem-7727	59	12	the	the	DET
fbem-7727	59	13	variables	variable	NOUN
fbem-7727	59	14	of	of	ADP
fbem-7727	59	15	the	the	DET
fbem-7727	59	16	regression	regression	NOUN
fbem-7727	59	17	models	model	NOUN
fbem-7727	59	18	.	.	PUNCT
fbem-7727	60	1	the	the	DET
fbem-7727	60	2	results	result	NOUN
fbem-7727	60	3	show	show	VERB
fbem-7727	60	4	that	that	SCONJ
fbem-7727	60	5	the	the	DET
fbem-7727	60	6	pearson	pearson	NOUN
fbem-7727	60	7	and	and	CCONJ
fbem-7727	60	8	spearman	spearman	NOUN
fbem-7727	60	9	coefficients	coefficient	NOUN
fbem-7727	60	10	of	of	ADP
fbem-7727	60	11	managerial	managerial	ADJ
fbem-7727	60	12	competency	competency	NOUN
fbem-7727	60	13	(	(	PUNCT
fbem-7727	60	14	ma	ma	PROPN
fbem-7727	60	15	)	)	PUNCT
fbem-7727	60	16	and	and	CCONJ
fbem-7727	60	17	corporate	corporate	ADJ
fbem-7727	60	18	financialization	financialization	NOUN
fbem-7727	60	19	(	(	PUNCT
fbem-7727	60	20	fin	fin	NOUN
fbem-7727	60	21	)	)	PUNCT
fbem-7727	60	22	are	be	AUX
fbem-7727	60	23	both	both	PRON
fbem-7727	60	24	significantly	significantly	ADV
fbem-7727	60	25	positive	positive	ADJ
fbem-7727	60	26	at	at	ADP
fbem-7727	60	27	the	the	DET
fbem-7727	60	28	1	1	NUM
fbem-7727	60	29	%	%	NOUN
fbem-7727	60	30	statistical	statistical	ADJ
fbem-7727	60	31	level	level	NOUN
fbem-7727	60	32	.	.	PUNCT
fbem-7727	61	1	since	since	SCONJ
fbem-7727	61	2	the	the	DET
fbem-7727	61	3	correlation	correlation	NOUN
fbem-7727	61	4	coefficient	coefficient	NOUN
fbem-7727	61	5	table	table	NOUN
fbem-7727	61	6	is	be	AUX
fbem-7727	61	7	a	a	DET
fbem-7727	61	8	univariate	univariate	ADJ
fbem-7727	61	9	test	test	NOUN
fbem-7727	61	10	and	and	CCONJ
fbem-7727	61	11	does	do	AUX
fbem-7727	61	12	not	not	PART
fbem-7727	61	13	control	control	VERB
fbem-7727	61	14	for	for	ADP
fbem-7727	61	15	the	the	DET
fbem-7727	61	16	effects	effect	NOUN
fbem-7727	61	17	of	of	ADP
fbem-7727	61	18	other	other	ADJ
fbem-7727	61	19	constraining	constrain	VERB
fbem-7727	61	20	variables	variable	NOUN
fbem-7727	61	21	,	,	PUNCT
fbem-7727	61	22	the	the	DET
fbem-7727	61	23	above	above	ADJ
fbem-7727	61	24	test	test	NOUN
fbem-7727	61	25	results	result	NOUN
fbem-7727	61	26	may	may	AUX
fbem-7727	61	27	be	be	AUX
fbem-7727	61	28	biased	bias	VERB
fbem-7727	61	29	and	and	CCONJ
fbem-7727	61	30	,	,	PUNCT
fbem-7727	61	31	therefore	therefore	ADV
fbem-7727	61	32	,	,	PUNCT
fbem-7727	61	33	need	need	VERB
fbem-7727	61	34	to	to	PART
fbem-7727	61	35	be	be	AUX
fbem-7727	61	36	validated	validate	VERB
fbem-7727	61	37	by	by	ADP
fbem-7727	61	38	multiple	multiple	ADJ
fbem-7727	61	39	linearity	linearity	NOUN
fbem-7727	61	40	tests	test	NOUN
fbem-7727	61	41	.	.	PUNCT
fbem-7727	62	1	83	83	NUM
fbem-7727	62	2	table	table	NOUN
fbem-7727	62	3	3	3	NUM
fbem-7727	62	4	.	.	PUNCT
fbem-7727	62	5	correlation	correlation	NOUN
fbem-7727	62	6	of	of	ADP
fbem-7727	62	7	variables	variable	NOUN
fbem-7727	62	8	fin	fin	PROPN
fbem-7727	62	9	ma	ma	PROPN
fbem-7727	62	10	top10	top10	PROPN
fbem-7727	62	11	lev	lev	PROPN
fbem-7727	62	12	size	size	PROPN
fbem-7727	62	13	board	board	PROPN
fbem-7727	62	14	return	return	PROPN
fbem-7727	62	15	roe	roe	PROPN
fbem-7727	62	16	age	age	NOUN
fbem-7727	62	17	state	state	NOUN
fbem-7727	62	18	fin	fin	NOUN
fbem-7727	62	19	1	1	NUM
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fbem-7727	62	21	*	*	PUNCT
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fbem-7727	62	23	*	*	PUNCT
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fbem-7727	62	25	*	*	PUNCT
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fbem-7727	62	28	0.02	0.02	NUM
fbem-7727	62	29	*	*	PUNCT
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fbem-7727	63	1	0.16	0.16	NUM
fbem-7727	63	2	*	*	PUNCT
fbem-7727	63	3	*	*	PUNCT
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fbem-7727	63	5	-0.02	-0.02	NUM
fbem-7727	63	6	*	*	PUNCT
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fbem-7727	63	10	0.03	0.03	NUM
fbem-7727	63	11	*	*	PUNCT
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fbem-7727	63	15	*	*	PUNCT
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fbem-7727	63	19	*	*	PUNCT
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fbem-7727	63	24	*	*	PUNCT
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fbem-7727	63	27	1	1	NUM
fbem-7727	63	28	0.09	0.09	NUM
fbem-7727	63	29	*	*	PUNCT
fbem-7727	63	30	*	*	PUNCT
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fbem-7727	63	33	*	*	PUNCT
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fbem-7727	63	37	*	*	PUNCT
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fbem-7727	63	42	-0.01	-0.01	NUM
fbem-7727	63	43	0.25	0.25	NUM
fbem-7727	63	44	*	*	PUNCT
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fbem-7727	63	48	*	*	PUNCT
fbem-7727	63	49	*	*	PUNCT
fbem-7727	63	50	*	*	PUNCT
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fbem-7727	63	52	*	*	PUNCT
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fbem-7727	63	54	*	*	PUNCT
fbem-7727	63	55	top10	top10	NOUN
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fbem-7727	63	57	*	*	PROPN
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fbem-7727	63	61	*	*	PUNCT
fbem-7727	63	62	*	*	PUNCT
fbem-7727	63	63	*	*	PUNCT
fbem-7727	63	64	1	1	NUM
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fbem-7727	63	66	*	*	PUNCT
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fbem-7727	63	70	*	*	PUNCT
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fbem-7727	63	74	*	*	NOUN
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fbem-7727	63	78	*	*	PUNCT
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fbem-7727	63	82	*	*	PUNCT
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fbem-7727	63	84	*	*	NOUN
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fbem-7727	63	86	*	*	NOUN
fbem-7727	63	87	*	*	PUNCT
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fbem-7727	63	89	lev	lev	NOUN
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fbem-7727	63	91	*	*	NOUN
fbem-7727	63	92	*	*	PUNCT
fbem-7727	63	93	*	*	PUNCT
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fbem-7727	63	95	*	*	PUNCT
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fbem-7727	63	99	*	*	PUNCT
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fbem-7727	63	102	1	1	NUM
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fbem-7727	63	104	*	*	PUNCT
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fbem-7727	63	106	*	*	PUNCT
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fbem-7727	63	108	*	*	PUNCT
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fbem-7727	63	110	*	*	PUNCT
fbem-7727	63	111	-0.03	-0.03	NUM
fbem-7727	63	112	*	*	PUNCT
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fbem-7727	63	116	*	*	PUNCT
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fbem-7727	63	118	*	*	PUNCT
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fbem-7727	63	120	*	*	PUNCT
fbem-7727	63	121	*	*	PUNCT
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fbem-7727	63	124	*	*	PUNCT
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fbem-7727	63	126	*	*	PUNCT
fbem-7727	63	127	size	size	NOUN
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fbem-7727	63	129	0.01	0.01	NUM
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fbem-7727	63	131	*	*	PUNCT
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fbem-7727	64	1	0.52	0.52	NUM
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fbem-7727	64	3	*	*	PUNCT
fbem-7727	64	4	*	*	PUNCT
fbem-7727	64	5	1	1	NUM
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fbem-7727	64	7	*	*	PUNCT
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fbem-7727	64	9	*	*	PUNCT
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fbem-7727	64	11	0.12	0.12	NUM
fbem-7727	64	12	*	*	PUNCT
fbem-7727	64	13	*	*	PUNCT
fbem-7727	64	14	*	*	PUNCT
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fbem-7727	64	16	*	*	PUNCT
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fbem-7727	64	18	*	*	PUNCT
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fbem-7727	64	20	*	*	PUNCT
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fbem-7727	64	25	*	*	PROPN
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fbem-7727	64	27	*	*	PUNCT
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fbem-7727	64	29	*	*	PUNCT
fbem-7727	64	30	*	*	PUNCT
fbem-7727	64	31	*	*	PUNCT
fbem-7727	64	32	0.00	0.00	NUM
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fbem-7727	64	34	*	*	PUNCT
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fbem-7727	64	36	*	*	PUNCT
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fbem-7727	64	38	*	*	PUNCT
fbem-7727	64	39	*	*	PUNCT
fbem-7727	64	40	*	*	PUNCT
fbem-7727	64	41	1	1	NUM
fbem-7727	64	42	-0.00	-0.00	NUM
fbem-7727	64	43	0.02	0.02	NUM
fbem-7727	64	44	*	*	PUNCT
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fbem-7727	64	46	*	*	PUNCT
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fbem-7727	64	48	*	*	PUNCT
fbem-7727	64	49	*	*	PUNCT
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fbem-7727	64	52	*	*	PUNCT
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fbem-7727	64	57	-0.01	-0.01	NUM
fbem-7727	64	58	-0.01	-0.01	NUM
fbem-7727	64	59	*	*	PUNCT
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fbem-7727	64	61	0.02	0.02	NUM
fbem-7727	64	62	*	*	PUNCT
fbem-7727	64	63	*	*	NOUN
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fbem-7727	64	65	1	1	NUM
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fbem-7727	64	67	*	*	PUNCT
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fbem-7727	64	75	*	*	PUNCT
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fbem-7727	64	87	*	*	PUNCT
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fbem-7727	64	95	*	*	PUNCT
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fbem-7727	64	99	*	*	PUNCT
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fbem-7727	64	102	0.02	0.02	NUM
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fbem-7727	64	106	1	1	NUM
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fbem-7727	64	108	*	*	PUNCT
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fbem-7727	64	115	age	age	NOUN
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fbem-7727	64	127	*	*	PUNCT
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fbem-7727	64	152	*	*	PUNCT
fbem-7727	64	153	state	state	NOUN
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fbem-7727	64	172	*	*	PUNCT
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fbem-7727	64	175	0.01	0.01	NUM
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fbem-7727	64	177	*	*	PUNCT
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fbem-7727	64	183	*	*	SYM
fbem-7727	64	184	1	1	NUM
fbem-7727	64	185	note	note	NOUN
fbem-7727	64	186	:	:	PUNCT
fbem-7727	64	187	divided	divide	VERB
fbem-7727	64	188	by	by	ADP
fbem-7727	64	189	diagonal	diagonal	ADJ
fbem-7727	64	190	lines	line	NOUN
fbem-7727	64	191	,	,	PUNCT
fbem-7727	64	192	the	the	DET
fbem-7727	64	193	lower	low	ADJ
fbem-7727	64	194	left	left	ADJ
fbem-7727	64	195	corner	corner	NOUN
fbem-7727	64	196	is	be	AUX
fbem-7727	64	197	the	the	DET
fbem-7727	64	198	result	result	NOUN
fbem-7727	64	199	of	of	ADP
fbem-7727	64	200	pearson	pearson	PROPN
fbem-7727	64	201	's	's	PART
fbem-7727	64	202	(	(	PUNCT
fbem-7727	64	203	pearson	pearson	PROPN
fbem-7727	64	204	)	)	PUNCT
fbem-7727	64	205	product	product	NOUN
fbem-7727	64	206	moment	moment	NOUN
fbem-7727	64	207	correlation	correlation	NOUN
fbem-7727	64	208	coefficient	coefficient	NOUN
fbem-7727	64	209	test	test	NOUN
fbem-7727	64	210	,	,	PUNCT
fbem-7727	64	211	and	and	CCONJ
fbem-7727	64	212	the	the	DET
fbem-7727	64	213	upper	upper	ADJ
fbem-7727	64	214	right	right	ADJ
fbem-7727	64	215	corner	corner	NOUN
fbem-7727	64	216	is	be	AUX
fbem-7727	64	217	the	the	DET
fbem-7727	64	218	result	result	NOUN
fbem-7727	64	219	of	of	ADP
fbem-7727	64	220	spearman	spearman	NOUN
fbem-7727	64	221	's	's	PART
fbem-7727	64	222	(	(	PUNCT
fbem-7727	64	223	spearman	spearman	NOUN
fbem-7727	64	224	)	)	PUNCT
fbem-7727	64	225	rank	rank	NOUN
fbem-7727	64	226	correlation	correlation	NOUN
fbem-7727	64	227	coefficient	coefficient	NOUN
fbem-7727	64	228	test	test	NOUN
fbem-7727	64	229	;	;	PUNCT
fbem-7727	64	230	*	*	PUNCT
fbem-7727	64	231	,	,	PUNCT
fbem-7727	64	232	*	*	PUNCT
fbem-7727	64	233	*	*	PUNCT
fbem-7727	64	234	,	,	PUNCT
fbem-7727	64	235	*	*	PUNCT
fbem-7727	64	236	*	*	PUNCT
fbem-7727	64	237	*	*	PUNCT
fbem-7727	64	238	indicate	indicate	VERB
fbem-7727	64	239	the	the	DET
fbem-7727	64	240	statistical	statistical	ADJ
fbem-7727	64	241	significance	significance	NOUN
fbem-7727	64	242	level	level	NOUN
fbem-7727	64	243	of	of	ADP
fbem-7727	64	244	testing	testing	NOUN
fbem-7727	64	245	10	10	NUM
fbem-7727	64	246	%	%	NOUN
fbem-7727	64	247	,	,	PUNCT
fbem-7727	64	248	5	5	NUM
fbem-7727	64	249	%	%	NOUN
fbem-7727	64	250	,	,	PUNCT
fbem-7727	64	251	and	and	CCONJ
fbem-7727	64	252	1	1	NUM
fbem-7727	64	253	%	%	NOUN
fbem-7727	64	254	,	,	PUNCT
fbem-7727	64	255	in	in	ADP
fbem-7727	64	256	that	that	DET
fbem-7727	64	257	order	order	NOUN
fbem-7727	64	258	.	.	PUNCT
fbem-7727	65	1	4.3	4.3	NUM
fbem-7727	65	2	.	.	PUNCT
fbem-7727	65	3	analysis	analysis	NOUN
fbem-7727	65	4	of	of	ADP
fbem-7727	65	5	basic	basic	ADJ
fbem-7727	65	6	regression	regression	NOUN
fbem-7727	65	7	results	result	NOUN
fbem-7727	65	8	model	model	NOUN
fbem-7727	65	9	(	(	PUNCT
fbem-7727	65	10	1	1	NUM
fbem-7727	65	11	)	)	PUNCT
fbem-7727	65	12	in	in	ADP
fbem-7727	65	13	table	table	NOUN
fbem-7727	65	14	4	4	NUM
fbem-7727	65	15	reports	report	VERB
fbem-7727	65	16	the	the	DET
fbem-7727	65	17	results	result	NOUN
fbem-7727	65	18	of	of	ADP
fbem-7727	65	19	the	the	DET
fbem-7727	65	20	multiple	multiple	ADJ
fbem-7727	65	21	regression	regression	NOUN
fbem-7727	65	22	for	for	ADP
fbem-7727	65	23	hypothesis	hypothesis	NOUN
fbem-7727	65	24	h1	h1	NOUN
fbem-7727	65	25	,	,	PUNCT
fbem-7727	65	26	with	with	ADP
fbem-7727	65	27	a	a	DET
fbem-7727	65	28	regression	regression	NOUN
fbem-7727	65	29	coefficient	coefficient	NOUN
fbem-7727	65	30	of	of	ADP
fbem-7727	65	31	0.037	0.037	NUM
fbem-7727	65	32	for	for	ADP
fbem-7727	65	33	managerial	managerial	ADJ
fbem-7727	65	34	competency	competency	NOUN
fbem-7727	65	35	,	,	PUNCT
fbem-7727	65	36	which	which	PRON
fbem-7727	65	37	is	be	AUX
fbem-7727	65	38	significantly	significantly	ADV
fbem-7727	65	39	positive	positive	ADJ
fbem-7727	65	40	at	at	ADP
fbem-7727	65	41	the	the	DET
fbem-7727	65	42	1	1	NUM
fbem-7727	65	43	%	%	NOUN
fbem-7727	65	44	statistical	statistical	ADJ
fbem-7727	65	45	level	level	NOUN
fbem-7727	65	46	,	,	PUNCT
fbem-7727	65	47	indicating	indicate	VERB
fbem-7727	65	48	that	that	SCONJ
fbem-7727	65	49	managerial	managerial	ADJ
fbem-7727	65	50	competency	competency	NOUN
fbem-7727	65	51	can	can	AUX
fbem-7727	65	52	significantly	significantly	ADV
fbem-7727	65	53	contribute	contribute	VERB
fbem-7727	65	54	to	to	ADP
fbem-7727	65	55	corporate	corporate	ADJ
fbem-7727	65	56	financialization	financialization	NOUN
fbem-7727	65	57	.	.	PUNCT
fbem-7727	66	1	managers	manager	NOUN
fbem-7727	66	2	,	,	PUNCT
fbem-7727	66	3	as	as	ADP
fbem-7727	66	4	the	the	DET
fbem-7727	66	5	core	core	NOUN
fbem-7727	66	6	of	of	ADP
fbem-7727	66	7	corporate	corporate	ADJ
fbem-7727	66	8	human	human	ADJ
fbem-7727	66	9	capital	capital	NOUN
fbem-7727	66	10	,	,	PUNCT
fbem-7727	66	11	have	have	VERB
fbem-7727	66	12	personal	personal	ADJ
fbem-7727	66	13	intentions	intention	NOUN
fbem-7727	66	14	and	and	CCONJ
fbem-7727	66	15	values	value	NOUN
fbem-7727	66	16	that	that	PRON
fbem-7727	66	17	are	be	AUX
fbem-7727	66	18	reflected	reflect	VERB
fbem-7727	66	19	in	in	ADP
fbem-7727	66	20	corporate	corporate	ADJ
fbem-7727	66	21	decisions	decision	NOUN
fbem-7727	66	22	[	[	X
fbem-7727	66	23	12	12	NUM
fbem-7727	66	24	]	]	PUNCT
fbem-7727	66	25	.	.	PUNCT
fbem-7727	67	1	when	when	SCONJ
fbem-7727	67	2	making	make	VERB
fbem-7727	67	3	project	project	NOUN
fbem-7727	67	4	decisions	decision	NOUN
fbem-7727	67	5	,	,	PUNCT
fbem-7727	67	6	managers	manager	NOUN
fbem-7727	67	7	make	make	VERB
fbem-7727	67	8	judgments	judgment	NOUN
fbem-7727	67	9	based	base	VERB
fbem-7727	67	10	on	on	ADP
fbem-7727	67	11	previous	previous	ADJ
fbem-7727	67	12	experience	experience	NOUN
fbem-7727	67	13	and	and	CCONJ
fbem-7727	67	14	focus	focus	VERB
fbem-7727	67	15	on	on	ADP
fbem-7727	67	16	weighing	weigh	VERB
fbem-7727	67	17	investment	investment	NOUN
fbem-7727	67	18	versus	versus	ADP
fbem-7727	67	19	return	return	NOUN
fbem-7727	67	20	from	from	ADP
fbem-7727	67	21	within	within	ADP
fbem-7727	67	22	their	their	PRON
fbem-7727	67	23	known	know	VERB
fbem-7727	67	24	knowledge	knowledge	NOUN
fbem-7727	67	25	.	.	PUNCT
fbem-7727	68	1	competent	competent	ADJ
fbem-7727	68	2	managers	manager	NOUN
fbem-7727	68	3	prefer	prefer	VERB
fbem-7727	68	4	to	to	PART
fbem-7727	68	5	take	take	VERB
fbem-7727	68	6	on	on	ADP
fbem-7727	68	7	projects	project	NOUN
fbem-7727	68	8	with	with	ADP
fbem-7727	68	9	high	high	ADJ
fbem-7727	68	10	uncertainty	uncertainty	NOUN
fbem-7727	68	11	and	and	CCONJ
fbem-7727	68	12	expected	expect	VERB
fbem-7727	68	13	returns	return	NOUN
fbem-7727	68	14	based	base	VERB
fbem-7727	68	15	on	on	ADP
fbem-7727	68	16	their	their	PRON
fbem-7727	68	17	psychological	psychological	ADJ
fbem-7727	68	18	strengths	strength	NOUN
fbem-7727	68	19	,	,	PUNCT
fbem-7727	68	20	and	and	CCONJ
fbem-7727	68	21	are	be	AUX
fbem-7727	68	22	strongly	strongly	ADV
fbem-7727	68	23	motivated	motivated	ADJ
fbem-7727	68	24	to	to	PART
fbem-7727	68	25	achieve	achieve	VERB
fbem-7727	68	26	their	their	PRON
fbem-7727	68	27	career	career	NOUN
fbem-7727	68	28	goals	goal	NOUN
fbem-7727	68	29	,	,	PUNCT
fbem-7727	68	30	thus	thus	ADV
fbem-7727	68	31	acting	act	VERB
fbem-7727	68	32	as	as	ADP
fbem-7727	68	33	a	a	DET
fbem-7727	68	34	"	"	PUNCT
fbem-7727	68	35	catalyst	catalyst	NOUN
fbem-7727	68	36	"	"	PUNCT
fbem-7727	68	37	in	in	ADP
fbem-7727	68	38	the	the	DET
fbem-7727	68	39	financial	financial	ADJ
fbem-7727	68	40	transformation	transformation	NOUN
fbem-7727	68	41	of	of	ADP
fbem-7727	68	42	the	the	DET
fbem-7727	68	43	company	company	NOUN
fbem-7727	68	44	.	.	PUNCT
fbem-7727	69	1	hypothesis	hypothesis	NOUN
fbem-7727	69	2	h1	h1	PROPN
fbem-7727	69	3	holds	hold	VERB
fbem-7727	69	4	.	.	PUNCT
fbem-7727	70	1	table	table	NOUN
fbem-7727	70	2	4	4	NUM
fbem-7727	70	3	.	.	PUNCT
fbem-7727	70	4	multiple	multiple	ADJ
fbem-7727	70	5	regression	regression	NOUN
fbem-7727	70	6	results	result	NOUN
fbem-7727	70	7	(	(	PUNCT
fbem-7727	70	8	1	1	X
fbem-7727	70	9	)	)	PUNCT
fbem-7727	70	10	fin	fin	NOUN
fbem-7727	70	11	ma	ma	PROPN
fbem-7727	70	12	0.048	0.048	PROPN
fbem-7727	70	13	*	*	PROPN
fbem-7727	70	14	*	*	PUNCT
fbem-7727	70	15	*	*	PUNCT
fbem-7727	70	16	(	(	PUNCT
fbem-7727	70	17	6.30	6.30	NUM
fbem-7727	70	18	)	)	PUNCT
fbem-7727	70	19	top10	top10	NOUN
fbem-7727	70	20	-0.016	-0.016	PUNCT
fbem-7727	70	21	*	*	PUNCT
fbem-7727	70	22	*	*	PUNCT
fbem-7727	70	23	(	(	PUNCT
fbem-7727	70	24	-2.05	-2.05	ADJ
fbem-7727	70	25	)	)	PUNCT
fbem-7727	70	26	lev	lev	NOUN
fbem-7727	70	27	-0.191	-0.191	NOUN
fbem-7727	70	28	*	*	PUNCT
fbem-7727	70	29	*	*	PUNCT
fbem-7727	70	30	*	*	PUNCT
fbem-7727	70	31	(	(	PUNCT
fbem-7727	70	32	-21.50	-21.50	ADJ
fbem-7727	70	33	)	)	PUNCT
fbem-7727	70	34	size	size	NOUN
fbem-7727	70	35	0.016	0.016	NUM
fbem-7727	70	36	(	(	PUNCT
fbem-7727	70	37	1.45	1.45	NUM
fbem-7727	70	38	)	)	PUNCT
fbem-7727	70	39	board	board	NOUN
fbem-7727	70	40	-0.037	-0.037	NOUN
fbem-7727	70	41	*	*	PUNCT
fbem-7727	70	42	*	*	PUNCT
fbem-7727	70	43	*	*	PUNCT
fbem-7727	70	44	(	(	PUNCT
fbem-7727	70	45	-5.16	-5.16	NOUN
fbem-7727	70	46	)	)	PUNCT
fbem-7727	70	47	return	return	NOUN
fbem-7727	70	48	-0.007	-0.007	PUNCT
fbem-7727	70	49	(	(	PUNCT
fbem-7727	70	50	-1.07	-1.07	X
fbem-7727	70	51	)	)	PUNCT
fbem-7727	70	52	roe	roe	NOUN
fbem-7727	70	53	-0.002	-0.002	PUNCT
fbem-7727	70	54	(	(	PUNCT
fbem-7727	70	55	-0.24	-0.24	NOUN
fbem-7727	70	56	)	)	PUNCT
fbem-7727	70	57	mhold	mhold	NOUN
fbem-7727	70	58	-0.004	-0.004	PUNCT
fbem-7727	70	59	(	(	PUNCT
fbem-7727	70	60	-0.49	-0.49	NOUN
fbem-7727	70	61	)	)	PUNCT
fbem-7727	70	62	age	age	NOUN
fbem-7727	70	63	0.152	0.152	NUM
fbem-7727	70	64	*	*	PUNCT
fbem-7727	70	65	*	*	PUNCT
fbem-7727	70	66	*	*	PUNCT
fbem-7727	70	67	(	(	PUNCT
fbem-7727	70	68	15.74	15.74	NUM
fbem-7727	70	69	)	)	PUNCT
fbem-7727	70	70	bm	bm	PROPN
fbem-7727	70	71	-0.013	-0.013	PUNCT
fbem-7727	70	72	(	(	PUNCT
fbem-7727	70	73	-1.37	-1.37	NOUN
fbem-7727	70	74	)	)	PUNCT
fbem-7727	70	75	state	state	NOUN
fbem-7727	70	76	-0.040	-0.040	NUM
fbem-7727	70	77	*	*	PUNCT
fbem-7727	70	78	*	*	PUNCT
fbem-7727	70	79	*	*	PUNCT
fbem-7727	70	80	(	(	PUNCT
fbem-7727	70	81	-4.62	-4.62	NOUN
fbem-7727	70	82	)	)	PUNCT
fbem-7727	70	83	cf	cf	NOUN
fbem-7727	70	84	-0.014	-0.014	NOUN
fbem-7727	70	85	*	*	PUNCT
fbem-7727	70	86	(	(	PUNCT
fbem-7727	70	87	-1.82	-1.82	NOUN
fbem-7727	70	88	)	)	PUNCT
fbem-7727	70	89	ind	ind	NOUN
fbem-7727	71	1	yes	yes	INTJ
fbem-7727	71	2	year	year	NOUN
fbem-7727	72	1	yes	yes	INTJ
fbem-7727	72	2	adj	adj	PROPN
fbem-7727	72	3	.	.	PROPN
fbem-7727	72	4	r2	r2	PROPN
fbem-7727	72	5	0.142	0.142	NUM
fbem-7727	72	6	n	n	PROPN
fbem-7727	72	7	19116	19116	NUM
fbem-7727	72	8	note	note	NOUN
fbem-7727	72	9	:	:	PUNCT
fbem-7727	72	10	*	*	PUNCT
fbem-7727	72	11	,	,	PUNCT
fbem-7727	72	12	*	*	PUNCT
fbem-7727	72	13	*	*	PUNCT
fbem-7727	72	14	,	,	PUNCT
fbem-7727	72	15	*	*	PUNCT
fbem-7727	72	16	*	*	PUNCT
fbem-7727	72	17	*	*	PUNCT
fbem-7727	72	18	denote	denote	VERB
fbem-7727	72	19	statistically	statistically	ADV
fbem-7727	72	20	significant	significant	ADJ
fbem-7727	72	21	at	at	ADP
fbem-7727	72	22	10	10	NUM
fbem-7727	72	23	%	%	NOUN
fbem-7727	72	24	,	,	PUNCT
fbem-7727	72	25	5	5	NUM
fbem-7727	72	26	%	%	NOUN
fbem-7727	72	27	,	,	PUNCT
fbem-7727	72	28	and	and	CCONJ
fbem-7727	72	29	1	1	NUM
fbem-7727	72	30	%	%	NOUN
fbem-7727	72	31	levels	level	NOUN
fbem-7727	72	32	,	,	PUNCT
fbem-7727	72	33	respectively	respectively	ADV
fbem-7727	72	34	,	,	PUNCT
fbem-7727	72	35	as	as	SCONJ
fbem-7727	72	36	follows	follow	VERB
fbem-7727	72	37	.	.	PUNCT
fbem-7727	73	1	5	5	X
fbem-7727	73	2	.	.	X
fbem-7727	73	3	robustness	robustness	NOUN
fbem-7727	73	4	test	test	NOUN
fbem-7727	73	5	5.1	5.1	NUM
fbem-7727	73	6	.	.	PUNCT
fbem-7727	74	1	exclusion	exclusion	NOUN
fbem-7727	74	2	of	of	ADP
fbem-7727	74	3	significant	significant	ADJ
fbem-7727	74	4	events	event	NOUN
fbem-7727	74	5	due	due	ADP
fbem-7727	74	6	to	to	ADP
fbem-7727	74	7	the	the	DET
fbem-7727	74	8	occurrence	occurrence	NOUN
fbem-7727	74	9	of	of	ADP
fbem-7727	74	10	the	the	DET
fbem-7727	74	11	new	new	ADJ
fbem-7727	74	12	crown	crown	NOUN
fbem-7727	74	13	pneumonia	pneumonia	NOUN
fbem-7727	74	14	epidemic	epidemic	NOUN
fbem-7727	74	15	in	in	ADP
fbem-7727	74	16	2020	2020	NUM
fbem-7727	74	17	,	,	PUNCT
fbem-7727	74	18	changes	change	NOUN
fbem-7727	74	19	in	in	ADP
fbem-7727	74	20	the	the	DET
fbem-7727	74	21	external	external	ADJ
fbem-7727	74	22	governance	governance	NOUN
fbem-7727	74	23	environment	environment	NOUN
fbem-7727	74	24	can	can	AUX
fbem-7727	74	25	cause	cause	VERB
fbem-7727	74	26	some	some	DET
fbem-7727	74	27	bias	bias	NOUN
fbem-7727	74	28	in	in	ADP
fbem-7727	74	29	the	the	DET
fbem-7727	74	30	study	study	NOUN
fbem-7727	74	31	findings	finding	NOUN
fbem-7727	74	32	,	,	PUNCT
fbem-7727	74	33	so	so	SCONJ
fbem-7727	74	34	the	the	DET
fbem-7727	74	35	study	study	NOUN
fbem-7727	74	36	sample	sample	NOUN
fbem-7727	74	37	in	in	ADP
fbem-7727	74	38	2020	2020	NUM
fbem-7727	74	39	is	be	AUX
fbem-7727	74	40	excluded	exclude	VERB
fbem-7727	74	41	from	from	ADP
fbem-7727	74	42	this	this	DET
fbem-7727	74	43	paper	paper	NOUN
fbem-7727	74	44	.	.	PUNCT
fbem-7727	75	1	5.2	5.2	NUM
fbem-7727	75	2	.	.	PUNCT
fbem-7727	76	1	noise	noise	NOUN
fbem-7727	76	2	reduction	reduction	NOUN
fbem-7727	76	3	since	since	SCONJ
fbem-7727	76	4	the	the	DET
fbem-7727	76	5	tobit	tobit	NOUN
fbem-7727	76	6	model	model	NOUN
fbem-7727	76	7	can	can	AUX
fbem-7727	76	8	not	not	PART
fbem-7727	76	9	cover	cover	VERB
fbem-7727	76	10	all	all	DET
fbem-7727	76	11	the	the	DET
fbem-7727	76	12	firm	firm	ADJ
fbem-7727	76	13	-	-	PUNCT
fbem-7727	76	14	level	level	NOUN
fbem-7727	76	15	characteristics	characteristic	NOUN
fbem-7727	76	16	that	that	PRON
fbem-7727	76	17	affect	affect	VERB
fbem-7727	76	18	the	the	DET
fbem-7727	76	19	operational	operational	ADJ
fbem-7727	76	20	efficiency	efficiency	NOUN
fbem-7727	76	21	of	of	ADP
fbem-7727	76	22	the	the	DET
fbem-7727	76	23	firm	firm	NOUN
fbem-7727	77	1	,	,	PUNCT
fbem-7727	77	2	it	it	PRON
fbem-7727	77	3	leads	lead	VERB
fbem-7727	77	4	to	to	ADP
fbem-7727	77	5	noise	noise	NOUN
fbem-7727	77	6	interference	interference	NOUN
fbem-7727	77	7	in	in	ADP
fbem-7727	77	8	the	the	DET
fbem-7727	77	9	regression	regression	NOUN
fbem-7727	77	10	residuals	residual	NOUN
fbem-7727	77	11	representing	represent	VERB
fbem-7727	77	12	managerial	managerial	ADJ
fbem-7727	77	13	competence	competence	NOUN
fbem-7727	77	14	.	.	PUNCT
fbem-7727	78	1	in	in	ADP
fbem-7727	78	2	order	order	NOUN
fbem-7727	78	3	to	to	PART
fbem-7727	78	4	reduce	reduce	VERB
fbem-7727	78	5	the	the	DET
fbem-7727	78	6	noise	noise	NOUN
fbem-7727	78	7	of	of	ADP
fbem-7727	78	8	this	this	DET
fbem-7727	78	9	indicator	indicator	NOUN
fbem-7727	78	10	,	,	PUNCT
fbem-7727	78	11	the	the	DET
fbem-7727	78	12	regression	regression	NOUN
fbem-7727	78	13	residuals	residual	NOUN
fbem-7727	78	14	are	be	AUX
fbem-7727	78	15	divided	divide	VERB
fbem-7727	78	16	into	into	ADP
fbem-7727	78	17	four	four	NUM
fbem-7727	78	18	groups	group	NOUN
fbem-7727	78	19	from	from	ADP
fbem-7727	78	20	smallest	small	ADJ
fbem-7727	78	21	to	to	AUX
fbem-7727	78	22	largest	large	ADJ
fbem-7727	78	23	,	,	PUNCT
fbem-7727	78	24	and	and	CCONJ
fbem-7727	78	25	managerial	managerial	ADJ
fbem-7727	78	26	84	84	NUM
fbem-7727	78	27	ability	ability	NOUN
fbem-7727	78	28	(	(	PUNCT
fbem-7727	78	29	ma	ma	PROPN
fbem-7727	78	30	)	)	PUNCT
fbem-7727	78	31	is	be	AUX
fbem-7727	78	32	assigned	assign	VERB
fbem-7727	78	33	as	as	ADP
fbem-7727	78	34	1	1	NUM
fbem-7727	78	35	,	,	PUNCT
fbem-7727	78	36	2	2	NUM
fbem-7727	78	37	,	,	PUNCT
fbem-7727	78	38	3	3	NUM
fbem-7727	78	39	,	,	PUNCT
fbem-7727	78	40	and	and	CCONJ
fbem-7727	78	41	4	4	NUM
fbem-7727	78	42	accordingly	accordingly	ADV
fbem-7727	78	43	,	,	PUNCT
fbem-7727	78	44	with	with	ADP
fbem-7727	78	45	higher	high	ADJ
fbem-7727	78	46	values	value	NOUN
fbem-7727	78	47	representing	represent	VERB
fbem-7727	78	48	stronger	strong	ADJ
fbem-7727	78	49	managerial	managerial	ADJ
fbem-7727	78	50	ability	ability	NOUN
fbem-7727	78	51	.	.	PUNCT
fbem-7727	79	1	5.3	5.3	NUM
fbem-7727	79	2	.	.	PUNCT
fbem-7727	79	3	lagging	lag	VERB
fbem-7727	79	4	period	period	NOUN
fbem-7727	79	5	because	because	SCONJ
fbem-7727	79	6	of	of	ADP
fbem-7727	79	7	the	the	DET
fbem-7727	79	8	long	long	ADJ
fbem-7727	79	9	period	period	NOUN
fbem-7727	79	10	of	of	ADP
fbem-7727	79	11	managerial	managerial	ADJ
fbem-7727	79	12	competency	competency	NOUN
fbem-7727	79	13	,	,	PUNCT
fbem-7727	79	14	there	there	PRON
fbem-7727	79	15	may	may	AUX
fbem-7727	79	16	be	be	AUX
fbem-7727	79	17	a	a	DET
fbem-7727	79	18	long	long	ADJ
fbem-7727	79	19	lag	lag	NOUN
fbem-7727	79	20	effect	effect	NOUN
fbem-7727	79	21	of	of	ADP
fbem-7727	79	22	managerial	managerial	ADJ
fbem-7727	79	23	competency	competency	NOUN
fbem-7727	79	24	on	on	ADP
fbem-7727	79	25	corporate	corporate	ADJ
fbem-7727	79	26	financialization	financialization	NOUN
fbem-7727	79	27	,	,	PUNCT
fbem-7727	79	28	so	so	SCONJ
fbem-7727	79	29	this	this	DET
fbem-7727	79	30	paper	paper	NOUN
fbem-7727	79	31	uses	use	VERB
fbem-7727	79	32	one	one	NUM
fbem-7727	79	33	-	-	PUNCT
fbem-7727	79	34	period	period	NOUN
fbem-7727	79	35	lagged	lag	VERB
fbem-7727	79	36	managerial	managerial	ADJ
fbem-7727	79	37	competency	competency	NOUN
fbem-7727	79	38	to	to	PART
fbem-7727	79	39	check	check	VERB
fbem-7727	79	40	the	the	DET
fbem-7727	79	41	robustness	robustness	NOUN
fbem-7727	79	42	of	of	ADP
fbem-7727	79	43	the	the	DET
fbem-7727	79	44	model	model	NOUN
fbem-7727	79	45	.	.	PUNCT
fbem-7727	79	46	table	table	NOUN
fbem-7727	79	47	5	5	NUM
fbem-7727	79	48	.	.	PUNCT
fbem-7727	80	1	robustness	robustness	NOUN
fbem-7727	80	2	tests	test	NOUN
fbem-7727	80	3	(	(	PUNCT
fbem-7727	80	4	1	1	NUM
fbem-7727	80	5	)	)	PUNCT
fbem-7727	80	6	(	(	PUNCT
fbem-7727	80	7	2	2	NUM
fbem-7727	80	8	)	)	PUNCT
fbem-7727	80	9	(	(	PUNCT
fbem-7727	80	10	3	3	X
fbem-7727	80	11	)	)	PUNCT
fbem-7727	80	12	exclusion	exclusion	NOUN
fbem-7727	80	13	of	of	ADP
fbem-7727	80	14	significant	significant	ADJ
fbem-7727	80	15	events	event	NOUN
fbem-7727	80	16	noise	noise	NOUN
fbem-7727	80	17	reduction	reduction	NOUN
fbem-7727	80	18	lagging	lagging	NOUN
fbem-7727	80	19	period	period	NOUN
fbem-7727	80	20	ma	ma	PROPN
fbem-7727	80	21	0.038	0.038	NUM
fbem-7727	80	22	*	*	PUNCT
fbem-7727	80	23	*	*	PUNCT
fbem-7727	80	24	*	*	PUNCT
fbem-7727	80	25	0.037	0.037	NUM
fbem-7727	80	26	*	*	PUNCT
fbem-7727	80	27	*	*	PUNCT
fbem-7727	80	28	*	*	PUNCT
fbem-7727	80	29	0.047	0.047	NUM
fbem-7727	80	30	*	*	PUNCT
fbem-7727	80	31	*	*	PUNCT
fbem-7727	80	32	*	*	PUNCT
fbem-7727	80	33	(	(	PUNCT
fbem-7727	80	34	4.69	4.69	NUM
fbem-7727	80	35	)	)	PUNCT
fbem-7727	80	36	(	(	PUNCT
fbem-7727	80	37	4.85	4.85	NUM
fbem-7727	80	38	)	)	PUNCT
fbem-7727	80	39	(	(	PUNCT
fbem-7727	80	40	5.37	5.37	NUM
fbem-7727	80	41	)	)	PUNCT
fbem-7727	80	42	top10	top10	NOUN
fbem-7727	80	43	-0.031	-0.031	NOUN
fbem-7727	80	44	*	*	PROPN
fbem-7727	80	45	*	*	PUNCT
fbem-7727	80	46	*	*	PUNCT
fbem-7727	80	47	-0.015	-0.015	PUNCT
fbem-7727	80	48	*	*	PUNCT
fbem-7727	80	49	-0.015	-0.015	PUNCT
fbem-7727	80	50	*	*	PUNCT
fbem-7727	80	51	(	(	PUNCT
fbem-7727	80	52	-3.73	-3.73	NUM
fbem-7727	80	53	)	)	PUNCT
fbem-7727	80	54	(	(	PUNCT
fbem-7727	80	55	-1.91	-1.91	NOUN
fbem-7727	80	56	)	)	PUNCT
fbem-7727	80	57	(	(	PUNCT
fbem-7727	80	58	-1.73	-1.73	X
fbem-7727	80	59	)	)	PUNCT
fbem-7727	80	60	lev	lev	NOUN
fbem-7727	80	61	-0.176	-0.176	NOUN
fbem-7727	80	62	*	*	PUNCT
fbem-7727	80	63	*	*	PUNCT
fbem-7727	80	64	*	*	PUNCT
fbem-7727	80	65	-0.189	-0.189	PUNCT
fbem-7727	80	66	*	*	PUNCT
fbem-7727	80	67	*	*	PUNCT
fbem-7727	80	68	*	*	PUNCT
fbem-7727	80	69	-0.196	-0.196	ADJ
fbem-7727	80	70	*	*	PUNCT
fbem-7727	80	71	*	*	PUNCT
fbem-7727	80	72	*	*	PUNCT
fbem-7727	80	73	(	(	PUNCT
fbem-7727	80	74	-18.44	-18.44	NOUN
fbem-7727	80	75	)	)	PUNCT
fbem-7727	80	76	(	(	PUNCT
fbem-7727	80	77	-21.31	-21.31	PROPN
fbem-7727	80	78	)	)	PUNCT
fbem-7727	80	79	(	(	PUNCT
fbem-7727	80	80	-19.12	-19.12	PROPN
fbem-7727	80	81	)	)	PUNCT
fbem-7727	80	82	size	size	NOUN
fbem-7727	80	83	0.009	0.009	NUM
fbem-7727	80	84	0.012	0.012	NUM
fbem-7727	80	85	-0.001	-0.001	NUM
fbem-7727	80	86	(	(	PUNCT
fbem-7727	80	87	0.74	0.74	NUM
fbem-7727	80	88	)	)	PUNCT
fbem-7727	80	89	(	(	PUNCT
fbem-7727	80	90	1.14	1.14	NUM
fbem-7727	80	91	)	)	PUNCT
fbem-7727	80	92	(	(	PUNCT
fbem-7727	80	93	-0.07	-0.07	X
fbem-7727	80	94	)	)	PUNCT
fbem-7727	80	95	board	board	NOUN
fbem-7727	80	96	-0.039	-0.039	NOUN
fbem-7727	80	97	*	*	PUNCT
fbem-7727	80	98	*	*	PUNCT
fbem-7727	80	99	*	*	PUNCT
fbem-7727	80	100	-0.038	-0.038	PUNCT
fbem-7727	80	101	*	*	PUNCT
fbem-7727	80	102	*	*	PUNCT
fbem-7727	80	103	*	*	PUNCT
fbem-7727	80	104	-0.040	-0.040	PUNCT
fbem-7727	80	105	*	*	PUNCT
fbem-7727	80	106	*	*	PUNCT
fbem-7727	80	107	*	*	PUNCT
fbem-7727	80	108	(	(	PUNCT
fbem-7727	80	109	-5.06	-5.06	NOUN
fbem-7727	80	110	)	)	PUNCT
fbem-7727	80	111	(	(	PUNCT
fbem-7727	80	112	-5.23	-5.23	NUM
fbem-7727	80	113	)	)	PUNCT
fbem-7727	80	114	(	(	PUNCT
fbem-7727	80	115	-4.86	-4.86	NOUN
fbem-7727	80	116	)	)	PUNCT
fbem-7727	80	117	return	return	NOUN
fbem-7727	80	118	-0.011	-0.011	PRON
fbem-7727	80	119	-0.007	-0.007	PUNCT
fbem-7727	80	120	-0.007	-0.007	X
fbem-7727	80	121	(	(	PUNCT
fbem-7727	80	122	-1.54	-1.54	NOUN
fbem-7727	80	123	)	)	PUNCT
fbem-7727	80	124	(	(	PUNCT
fbem-7727	80	125	-1.07	-1.07	NUM
fbem-7727	80	126	)	)	PUNCT
fbem-7727	80	127	(	(	PUNCT
fbem-7727	80	128	-0.94	-0.94	NUM
fbem-7727	80	129	)	)	PUNCT
fbem-7727	80	130	roe	roe	NOUN
fbem-7727	80	131	-0.001	-0.001	NOUN
fbem-7727	80	132	0.001	0.001	NUM
fbem-7727	80	133	0.008	0.008	NUM
fbem-7727	80	134	(	(	PUNCT
fbem-7727	80	135	-0.16	-0.16	NUM
fbem-7727	80	136	)	)	PUNCT
fbem-7727	80	137	(	(	PUNCT
fbem-7727	80	138	0.16	0.16	NUM
fbem-7727	80	139	)	)	PUNCT
fbem-7727	80	140	(	(	PUNCT
fbem-7727	80	141	0.87	0.87	NUM
fbem-7727	80	142	)	)	PUNCT
fbem-7727	80	143	mhold	mhold	NOUN
fbem-7727	80	144	-0.011	-0.011	X
fbem-7727	80	145	-0.004	-0.004	PUNCT
fbem-7727	80	146	-0.007	-0.007	PUNCT
fbem-7727	80	147	(	(	PUNCT
fbem-7727	80	148	-1.13	-1.13	NOUN
fbem-7727	80	149	)	)	PUNCT
fbem-7727	80	150	(	(	PUNCT
fbem-7727	80	151	-0.50	-0.50	PROPN
fbem-7727	80	152	)	)	PUNCT
fbem-7727	80	153	(	(	PUNCT
fbem-7727	80	154	-0.68	-0.68	NOUN
fbem-7727	80	155	)	)	PUNCT
fbem-7727	80	156	age	age	NOUN
fbem-7727	80	157	0.184	0.184	NUM
fbem-7727	80	158	*	*	PUNCT
fbem-7727	80	159	*	*	PUNCT
fbem-7727	80	160	*	*	PUNCT
fbem-7727	81	1	0.153	0.153	NUM
fbem-7727	81	2	*	*	PUNCT
fbem-7727	81	3	*	*	PUNCT
fbem-7727	81	4	*	*	PUNCT
fbem-7727	81	5	0.145	0.145	NUM
fbem-7727	81	6	*	*	PUNCT
fbem-7727	81	7	*	*	PUNCT
fbem-7727	81	8	*	*	PUNCT
fbem-7727	81	9	(	(	PUNCT
fbem-7727	81	10	17.75	17.75	NUM
fbem-7727	81	11	)	)	PUNCT
fbem-7727	81	12	(	(	PUNCT
fbem-7727	81	13	15.83	15.83	NUM
fbem-7727	81	14	)	)	PUNCT
fbem-7727	81	15	(	(	PUNCT
fbem-7727	81	16	13.28	13.28	NUM
fbem-7727	81	17	)	)	PUNCT
fbem-7727	81	18	bm	bm	PROPN
fbem-7727	81	19	0.003	0.003	NUM
fbem-7727	81	20	-0.013	-0.013	PUNCT
fbem-7727	81	21	-0.007	-0.007	PUNCT
fbem-7727	81	22	(	(	PUNCT
fbem-7727	81	23	0.31	0.31	NUM
fbem-7727	81	24	)	)	PUNCT
fbem-7727	81	25	(	(	PUNCT
fbem-7727	81	26	-1.32	-1.32	NUM
fbem-7727	81	27	)	)	PUNCT
fbem-7727	81	28	(	(	PUNCT
fbem-7727	81	29	-0.60	-0.60	NUM
fbem-7727	81	30	)	)	PUNCT
fbem-7727	81	31	state	state	NOUN
fbem-7727	81	32	-0.043	-0.043	NOUN
fbem-7727	81	33	*	*	PUNCT
fbem-7727	81	34	*	*	PUNCT
fbem-7727	81	35	*	*	PUNCT
fbem-7727	81	36	-0.040	-0.040	PUNCT
fbem-7727	81	37	*	*	PUNCT
fbem-7727	81	38	*	*	PUNCT
fbem-7727	81	39	*	*	PUNCT
fbem-7727	81	40	-0.046	-0.046	PUNCT
fbem-7727	81	41	*	*	PUNCT
fbem-7727	81	42	*	*	PUNCT
fbem-7727	81	43	*	*	PUNCT
fbem-7727	81	44	(	(	PUNCT
fbem-7727	81	45	-4.65	-4.65	NUM
fbem-7727	81	46	)	)	PUNCT
fbem-7727	81	47	(	(	PUNCT
fbem-7727	81	48	-4.64	-4.64	NOUN
fbem-7727	81	49	)	)	PUNCT
fbem-7727	81	50	(	(	PUNCT
fbem-7727	81	51	-4.65	-4.65	NOUN
fbem-7727	81	52	)	)	PUNCT
fbem-7727	81	53	cf	cf	NOUN
fbem-7727	81	54	-0.023	-0.023	NOUN
fbem-7727	81	55	*	*	PUNCT
fbem-7727	81	56	*	*	PUNCT
fbem-7727	81	57	*	*	PUNCT
fbem-7727	81	58	-0.013	-0.013	PROPN
fbem-7727	81	59	*	*	NOUN
fbem-7727	81	60	-0.010	-0.010	PUNCT
fbem-7727	81	61	(	(	PUNCT
fbem-7727	81	62	-2.88	-2.88	NOUN
fbem-7727	81	63	)	)	PUNCT
fbem-7727	81	64	(	(	PUNCT
fbem-7727	81	65	-1.68	-1.68	NOUN
fbem-7727	81	66	)	)	PUNCT
fbem-7727	81	67	(	(	PUNCT
fbem-7727	81	68	-1.16	-1.16	X
fbem-7727	81	69	)	)	PUNCT
fbem-7727	81	70	ind	ind	NOUN
fbem-7727	82	1	yes	yes	INTJ
fbem-7727	83	1	yes	yes	INTJ
fbem-7727	84	1	yes	yes	INTJ
fbem-7727	84	2	year	year	NOUN
fbem-7727	85	1	yes	yes	INTJ
fbem-7727	86	1	yes	yes	INTJ
fbem-7727	87	1	yes	yes	INTJ
fbem-7727	88	1	adj	adj	PROPN
fbem-7727	88	2	.	.	PROPN
fbem-7727	88	3	r2	r2	PROPN
fbem-7727	88	4	0.153	0.153	NUM
fbem-7727	88	5	0.141	0.141	NUM
fbem-7727	88	6	0.141	0.141	NUM
fbem-7727	88	7	n	n	PROPN
fbem-7727	88	8	16581	16581	NUM
fbem-7727	88	9	19116	19116	NUM
fbem-7727	88	10	14463	14463	NUM
fbem-7727	88	11	6	6	NUM
fbem-7727	88	12	.	.	PUNCT
fbem-7727	88	13	research	research	NOUN
fbem-7727	88	14	findings	finding	NOUN
fbem-7727	88	15	and	and	CCONJ
fbem-7727	88	16	recommendations	recommendation	NOUN
fbem-7727	88	17	this	this	DET
fbem-7727	88	18	paper	paper	NOUN
fbem-7727	88	19	analyzes	analyze	VERB
fbem-7727	88	20	the	the	DET
fbem-7727	88	21	possible	possible	ADJ
fbem-7727	88	22	relationship	relationship	NOUN
fbem-7727	88	23	between	between	ADP
fbem-7727	88	24	managerial	managerial	ADJ
fbem-7727	88	25	competence	competence	NOUN
fbem-7727	88	26	and	and	CCONJ
fbem-7727	88	27	corporate	corporate	ADJ
fbem-7727	88	28	financialization	financialization	NOUN
fbem-7727	88	29	from	from	ADP
fbem-7727	88	30	a	a	DET
fbem-7727	88	31	behavioral	behavioral	ADJ
fbem-7727	88	32	finance	finance	NOUN
fbem-7727	88	33	perspective	perspective	NOUN
fbem-7727	88	34	,	,	PUNCT
fbem-7727	88	35	and	and	CCONJ
fbem-7727	88	36	the	the	DET
fbem-7727	88	37	empirical	empirical	ADJ
fbem-7727	88	38	results	result	NOUN
fbem-7727	88	39	show	show	VERB
fbem-7727	88	40	that	that	SCONJ
fbem-7727	88	41	environmental	environmental	ADJ
fbem-7727	88	42	investment	investment	NOUN
fbem-7727	88	43	can	can	AUX
fbem-7727	88	44	significantly	significantly	ADV
fbem-7727	88	45	promote	promote	VERB
fbem-7727	88	46	corporate	corporate	ADJ
fbem-7727	88	47	financialization	financialization	NOUN
fbem-7727	88	48	.	.	PUNCT
fbem-7727	89	1	as	as	ADP
fbem-7727	89	2	the	the	DET
fbem-7727	89	3	core	core	NOUN
fbem-7727	89	4	of	of	ADP
fbem-7727	89	5	corporate	corporate	ADJ
fbem-7727	89	6	human	human	ADJ
fbem-7727	89	7	capital	capital	NOUN
fbem-7727	89	8	,	,	PUNCT
fbem-7727	89	9	managers	manager	NOUN
fbem-7727	89	10	'	'	PART
fbem-7727	89	11	personal	personal	ADJ
fbem-7727	89	12	will	will	NOUN
fbem-7727	89	13	and	and	CCONJ
fbem-7727	89	14	value	value	VERB
fbem-7727	89	15	orientation	orientation	NOUN
fbem-7727	89	16	are	be	AUX
fbem-7727	89	17	reflected	reflect	VERB
fbem-7727	89	18	in	in	ADP
fbem-7727	89	19	corporate	corporate	ADJ
fbem-7727	89	20	decisions	decision	NOUN
fbem-7727	89	21	.	.	PUNCT
fbem-7727	90	1	highly	highly	ADV
fbem-7727	90	2	competent	competent	ADJ
fbem-7727	90	3	management	management	NOUN
fbem-7727	90	4	tends	tend	VERB
fbem-7727	90	5	to	to	PART
fbem-7727	90	6	show	show	VERB
fbem-7727	90	7	overconfidence	overconfidence	NOUN
fbem-7727	90	8	to	to	PART
fbem-7727	90	9	influence	influence	VERB
fbem-7727	90	10	the	the	DET
fbem-7727	90	11	financialization	financialization	NOUN
fbem-7727	90	12	of	of	ADP
fbem-7727	90	13	real	real	ADJ
fbem-7727	90	14	enterprises	enterprise	NOUN
fbem-7727	90	15	.	.	PUNCT
fbem-7727	91	1	the	the	DET
fbem-7727	91	2	more	more	ADV
fbem-7727	91	3	overconfident	overconfident	ADJ
fbem-7727	91	4	the	the	DET
fbem-7727	91	5	management	management	NOUN
fbem-7727	91	6	is	be	AUX
fbem-7727	91	7	,	,	PUNCT
fbem-7727	91	8	the	the	PRON
fbem-7727	91	9	more	more	ADJ
fbem-7727	91	10	it	it	PRON
fbem-7727	91	11	reinforces	reinforce	VERB
fbem-7727	91	12	the	the	DET
fbem-7727	91	13	"	"	PUNCT
fbem-7727	91	14	crowding	crowd	VERB
fbem-7727	91	15	out	out	ADP
fbem-7727	91	16	"	"	PUNCT
fbem-7727	91	17	effect	effect	NOUN
fbem-7727	91	18	of	of	ADP
fbem-7727	91	19	over	over	ADP
fbem-7727	91	20	-	-	PUNCT
fbem-7727	91	21	financialization	financialization	NOUN
fbem-7727	91	22	on	on	ADP
fbem-7727	91	23	future	future	ADJ
fbem-7727	91	24	r&d	r&d	NOUN
fbem-7727	91	25	investment	investment	NOUN
fbem-7727	91	26	.	.	PUNCT
fbem-7727	92	1	therefore	therefore	ADV
fbem-7727	92	2	,	,	PUNCT
fbem-7727	92	3	when	when	SCONJ
fbem-7727	92	4	hiring	hire	VERB
fbem-7727	92	5	executives	executive	NOUN
fbem-7727	92	6	,	,	PUNCT
fbem-7727	92	7	real	real	ADJ
fbem-7727	92	8	companies	company	NOUN
fbem-7727	92	9	should	should	AUX
fbem-7727	92	10	focus	focus	VERB
fbem-7727	92	11	on	on	ADP
fbem-7727	92	12	whether	whether	SCONJ
fbem-7727	92	13	there	there	PRON
fbem-7727	92	14	are	be	VERB
fbem-7727	92	15	psychological	psychological	ADJ
fbem-7727	92	16	characteristics	characteristic	NOUN
fbem-7727	92	17	such	such	ADJ
fbem-7727	92	18	as	as	ADP
fbem-7727	92	19	overconfidence	overconfidence	NOUN
fbem-7727	92	20	in	in	ADP
fbem-7727	92	21	executives	executive	NOUN
fbem-7727	92	22	with	with	ADP
fbem-7727	92	23	strong	strong	ADJ
fbem-7727	92	24	capabilities	capability	NOUN
fbem-7727	92	25	.	.	PUNCT
fbem-7727	93	1	enterprises	enterprise	NOUN
fbem-7727	93	2	should	should	AUX
fbem-7727	93	3	rationally	rationally	ADV
fbem-7727	93	4	select	select	VERB
fbem-7727	93	5	executives	executive	NOUN
fbem-7727	93	6	who	who	PRON
fbem-7727	93	7	are	be	AUX
fbem-7727	93	8	particularly	particularly	ADV
fbem-7727	93	9	overconfident	overconfident	ADJ
fbem-7727	93	10	,	,	PUNCT
fbem-7727	93	11	in	in	ADP
fbem-7727	93	12	order	order	NOUN
fbem-7727	93	13	to	to	PART
fbem-7727	93	14	optimize	optimize	VERB
fbem-7727	93	15	the	the	DET
fbem-7727	93	16	allocation	allocation	NOUN
fbem-7727	93	17	of	of	ADP
fbem-7727	93	18	the	the	DET
fbem-7727	93	19	executive	executive	ADJ
fbem-7727	93	20	team	team	NOUN
fbem-7727	93	21	,	,	PUNCT
fbem-7727	93	22	thereby	thereby	ADV
fbem-7727	93	23	promoting	promote	VERB
fbem-7727	93	24	the	the	DET
fbem-7727	93	25	rational	rational	ADJ
fbem-7727	93	26	allocation	allocation	NOUN
fbem-7727	93	27	of	of	ADP
fbem-7727	93	28	financial	financial	ADJ
fbem-7727	93	29	assets	asset	NOUN
fbem-7727	93	30	and	and	CCONJ
fbem-7727	93	31	reducing	reduce	VERB
fbem-7727	93	32	the	the	DET
fbem-7727	93	33	level	level	NOUN
fbem-7727	93	34	of	of	ADP
fbem-7727	93	35	overfinancialization	overfinancialization	NOUN
fbem-7727	93	36	.	.	PUNCT
fbem-7727	94	1	secondly	secondly	ADV
fbem-7727	94	2	,	,	PUNCT
fbem-7727	94	3	real	real	ADJ
fbem-7727	94	4	enterprises	enterprise	NOUN
fbem-7727	94	5	can	can	AUX
fbem-7727	94	6	promote	promote	VERB
fbem-7727	94	7	reasonable	reasonable	ADJ
fbem-7727	94	8	investment	investment	NOUN
fbem-7727	94	9	in	in	ADP
fbem-7727	94	10	financial	financial	ADJ
fbem-7727	94	11	assets	asset	NOUN
fbem-7727	94	12	and	and	CCONJ
fbem-7727	94	13	reduce	reduce	VERB
fbem-7727	94	14	the	the	DET
fbem-7727	94	15	level	level	NOUN
fbem-7727	94	16	of	of	ADP
fbem-7727	94	17	over	over	ADP
fbem-7727	94	18	-	-	PUNCT
fbem-7727	94	19	financialization	financialization	NOUN
fbem-7727	94	20	by	by	ADP
fbem-7727	94	21	implementing	implement	VERB
fbem-7727	94	22	equity	equity	NOUN
fbem-7727	94	23	incentives	incentive	NOUN
fbem-7727	94	24	for	for	ADP
fbem-7727	94	25	management	management	NOUN
fbem-7727	94	26	and	and	CCONJ
fbem-7727	94	27	improving	improve	VERB
fbem-7727	94	28	the	the	DET
fbem-7727	94	29	effectiveness	effectiveness	NOUN
fbem-7727	94	30	of	of	ADP
fbem-7727	94	31	internal	internal	ADJ
fbem-7727	94	32	control	control	NOUN
fbem-7727	94	33	.	.	PUNCT
fbem-7727	95	1	in	in	ADP
fbem-7727	95	2	addition	addition	NOUN
fbem-7727	95	3	,	,	PUNCT
fbem-7727	95	4	enterprises	enterprise	NOUN
fbem-7727	95	5	should	should	AUX
fbem-7727	95	6	also	also	ADV
fbem-7727	95	7	correctly	correctly	ADV
fbem-7727	95	8	understand	understand	VERB
fbem-7727	95	9	that	that	SCONJ
fbem-7727	95	10	excessive	excessive	ADJ
fbem-7727	95	11	financialization	financialization	NOUN
fbem-7727	95	12	is	be	AUX
fbem-7727	95	13	a	a	DET
fbem-7727	95	14	serious	serious	ADJ
fbem-7727	95	15	asset	asset	NOUN
fbem-7727	95	16	misallocation	misallocation	NOUN
fbem-7727	95	17	behavior	behavior	NOUN
fbem-7727	95	18	,	,	PUNCT
fbem-7727	95	19	which	which	PRON
fbem-7727	95	20	will	will	AUX
fbem-7727	95	21	squeeze	squeeze	VERB
fbem-7727	95	22	out	out	ADP
fbem-7727	95	23	future	future	ADJ
fbem-7727	95	24	r&d	r&d	NOUN
fbem-7727	95	25	investment	investment	NOUN
fbem-7727	95	26	and	and	CCONJ
fbem-7727	95	27	is	be	AUX
fbem-7727	95	28	undesirable	undesirable	ADJ
fbem-7727	95	29	for	for	ADP
fbem-7727	95	30	long	long	ADJ
fbem-7727	95	31	-	-	PUNCT
fbem-7727	95	32	term	term	NOUN
fbem-7727	95	33	and	and	CCONJ
fbem-7727	95	34	high	high	ADJ
fbem-7727	95	35	-	-	PUNCT
fbem-7727	95	36	quality	quality	NOUN
fbem-7727	95	37	development	development	NOUN
fbem-7727	95	38	of	of	ADP
fbem-7727	95	39	enterprises	enterprise	NOUN
fbem-7727	95	40	.	.	PUNCT
fbem-7727	96	1	references	reference	NOUN
fbem-7727	96	2	[	[	X
fbem-7727	96	3	1	1	X
fbem-7727	96	4	]	]	PUNCT
fbem-7727	96	5	cao	cao	PROPN
fbem-7727	96	6	w	w	PROPN
fbem-7727	96	7	,	,	PUNCT
fbem-7727	96	8	qi	qi	PROPN
fbem-7727	96	9	hao	hao	PROPN
fbem-7727	96	10	dong	dong	PROPN
fbem-7727	96	11	,	,	PUNCT
fbem-7727	96	12	zhao	zhao	X
fbem-7727	96	13	can	can	AUX
fbem-7727	96	14	.	.	PUNCT
fbem-7727	97	1	the	the	DET
fbem-7727	97	2	allocation	allocation	NOUN
fbem-7727	97	3	motives	motive	NOUN
fbem-7727	97	4	of	of	ADP
fbem-7727	97	5	corporate	corporate	ADJ
fbem-7727	97	6	financial	financial	ADJ
fbem-7727	97	7	assets	asset	NOUN
fbem-7727	97	8	:	:	PUNCT
fbem-7727	97	9	an	an	DET
fbem-7727	97	10	analysis	analysis	NOUN
fbem-7727	97	11	based	base	VERB
fbem-7727	97	12	on	on	ADP
fbem-7727	97	13	the	the	DET
fbem-7727	97	14	nature	nature	NOUN
fbem-7727	97	15	of	of	ADP
fbem-7727	97	16	property	property	NOUN
fbem-7727	97	17	rights	right	NOUN
fbem-7727	97	18	and	and	CCONJ
fbem-7727	97	19	heterogeneous	heterogeneous	ADJ
fbem-7727	97	20	shareholder	shareholder	NOUN
fbem-7727	97	21	participation[j	participation[j	NOUN
fbem-7727	97	22	]	]	PUNCT
fbem-7727	97	23	.	.	PUNCT
fbem-7727	98	1	china	china	PROPN
fbem-7727	98	2	industrial	industrial	ADJ
fbem-7727	98	3	economics	economic	NOUN
fbem-7727	98	4	,	,	PUNCT
fbem-7727	98	5	2023,(02):150	2023,(02):150	NUM
fbem-7727	98	6	-	-	SYM
fbem-7727	98	7	168	168	NUM
fbem-7727	98	8	.	.	PUNCT
fbem-7727	99	1	[	[	X
fbem-7727	99	2	2	2	NUM
fbem-7727	99	3	]	]	PUNCT
fbem-7727	99	4	xie	xie	PROPN
fbem-7727	99	5	xuebao	xuebao	PROPN
fbem-7727	99	6	,	,	PUNCT
fbem-7727	99	7	huang	huang	PROPN
fbem-7727	99	8	dayu	dayu	PROPN
fbem-7727	99	9	,	,	PUNCT
fbem-7727	99	10	zou	zou	PROPN
fbem-7727	99	11	mengting	mengte	VERB
fbem-7727	99	12	.	.	PUNCT
fbem-7727	100	1	does	do	AUX
fbem-7727	100	2	financialization	financialization	NOUN
fbem-7727	100	3	inhibit	inhibit	VERB
fbem-7727	100	4	total	total	ADJ
fbem-7727	100	5	factor	factor	NOUN
fbem-7727	100	6	productivity	productivity	NOUN
fbem-7727	100	7	improvement	improvement	NOUN
fbem-7727	100	8	in	in	ADP
fbem-7727	100	9	manufacturing	manufacturing	NOUN
fbem-7727	100	10	?	?	PUNCT
fbem-7727	101	1	--an	--an	NOUN
fbem-7727	101	2	analysis	analysis	NOUN
fbem-7727	101	3	based	base	VERB
fbem-7727	101	4	on	on	ADP
fbem-7727	101	5	data	datum	NOUN
fbem-7727	101	6	from	from	ADP
fbem-7727	101	7	listed	list	VERB
fbem-7727	101	8	companies[j	companies[j	NOUN
fbem-7727	101	9	]	]	PUNCT
fbem-7727	101	10	.	.	PUNCT
fbem-7727	102	1	finance	finance	NOUN
fbem-7727	102	2	and	and	CCONJ
fbem-7727	102	3	economics,2020,(07):4	economics,2020,(07):4	PROPN
fbem-7727	102	4	-	-	PUNCT
fbem-7727	102	5	10	10	NUM
fbem-7727	102	6	.	.	PUNCT
fbem-7727	103	1	[	[	X
fbem-7727	103	2	3	3	NUM
fbem-7727	103	3	]	]	X
fbem-7727	103	4	fu	fu	PROPN
fbem-7727	103	5	junhui	junhui	PROPN
fbem-7727	103	6	,	,	PUNCT
fbem-7727	103	7	yang	yang	PROPN
fbem-7727	103	8	jiawei	jiawei	PROPN
fbem-7727	103	9	,	,	PUNCT
fbem-7727	103	10	xia	xia	PROPN
fbem-7727	103	11	yujia	yujia	PROPN
fbem-7727	103	12	,	,	PUNCT
fbem-7727	103	13	mo	mo	PROPN
fbem-7727	103	14	yanling	yanling	PROPN
fbem-7727	103	15	.	.	PUNCT
fbem-7727	104	1	managerial	managerial	ADJ
fbem-7727	104	2	competency	competency	NOUN
fbem-7727	104	3	and	and	CCONJ
fbem-7727	104	4	strategic	strategic	ADJ
fbem-7727	104	5	risk	risk	NOUN
fbem-7727	104	6	-	-	PUNCT
fbem-7727	104	7	taking	taking	NOUN
fbem-7727	104	8	:	:	PUNCT
fbem-7727	104	9	"	"	PUNCT
fbem-7727	104	10	going	go	VERB
fbem-7727	104	11	into	into	ADP
fbem-7727	104	12	the	the	DET
fbem-7727	104	13	wind	wind	NOUN
fbem-7727	104	14	"	"	PUNCT
fbem-7727	104	15	or	or	CCONJ
fbem-7727	104	16	"	"	PUNCT
fbem-7727	104	17	going	go	VERB
fbem-7727	104	18	out	out	ADP
fbem-7727	104	19	of	of	ADP
fbem-7727	104	20	danger	danger	NOUN
fbem-7727	104	21	"	"	PUNCT
fbem-7727	104	22	?	?	PUNCT
fbem-7727	105	1	[	[	X
fbem-7727	105	2	j	j	X
fbem-7727	105	3	]	]	X
fbem-7727	105	4	.	.	PUNCT
fbem-7727	106	1	finance	finance	NOUN
fbem-7727	106	2	and	and	CCONJ
fbem-7727	106	3	economics	economic	NOUN
fbem-7727	106	4	series	series	NOUN
fbem-7727	106	5	,	,	PUNCT
fbem-7727	106	6	2022	2022	NUM
fbem-7727	106	7	,	,	PUNCT
fbem-7727	106	8	(	(	PUNCT
fbem-7727	106	9	08):69	08):69	NOUN
fbem-7727	106	10	-	-	SYM
fbem-7727	106	11	79	79	NUM
fbem-7727	106	12	.	.	PUNCT
fbem-7727	107	1	[	[	X
fbem-7727	107	2	4	4	NUM
fbem-7727	107	3	]	]	X
fbem-7727	107	4	hadlock	hadlock	NOUN
fbem-7727	107	5	,	,	PUNCT
fbem-7727	107	6	c.	c.	PROPN
fbem-7727	107	7	j.	j.	PROPN
fbem-7727	107	8	,	,	PUNCT
fbem-7727	107	9	pierce	pierce	PROPN
fbem-7727	107	10	,	,	PUNCT
fbem-7727	107	11	j.	j.	PROPN
fbem-7727	107	12	r	r	PROPN
fbem-7727	107	13	..	..	PUNCT
fbem-7727	107	14	new	new	ADJ
fbem-7727	107	15	evidence	evidence	NOUN
fbem-7727	107	16	on	on	ADP
fbem-7727	107	17	measuring	measure	VERB
fbem-7727	107	18	financial	financial	ADJ
fbem-7727	107	19	constraints	constraint	NOUN
fbem-7727	107	20	:	:	PUNCT
fbem-7727	107	21	moving	move	VERB
fbem-7727	107	22	beyond	beyond	ADP
fbem-7727	107	23	the	the	DET
fbem-7727	107	24	kz	kz	PROPN
fbem-7727	107	25	index[j	index[j	PROPN
fbem-7727	107	26	]	]	PUNCT
fbem-7727	107	27	.	.	PUNCT
fbem-7727	108	1	the	the	DET
fbem-7727	108	2	review	review	NOUN
fbem-7727	108	3	of	of	ADP
fbem-7727	108	4	financial	financial	ADJ
fbem-7727	108	5	studies	study	NOUN
fbem-7727	108	6	,	,	PUNCT
fbem-7727	108	7	2010	2010	NUM
fbem-7727	108	8	,	,	PUNCT
fbem-7727	108	9	23(05	23(05	NUM
fbem-7727	108	10	)	)	PUNCT
fbem-7727	108	11	:	:	PUNCT
fbem-7727	108	12	1909	1909	NUM
fbem-7727	108	13	-	-	SYM
fbem-7727	108	14	1940	1940	NUM
fbem-7727	108	15	.	.	PUNCT
fbem-7727	109	1	[	[	X
fbem-7727	109	2	5	5	X
fbem-7727	109	3	]	]	PUNCT
fbem-7727	109	4	wang	wang	PROPN
fbem-7727	109	5	aijian	aijian	PROPN
fbem-7727	109	6	,	,	PUNCT
fbem-7727	109	7	shu	shu	PROPN
fbem-7727	109	8	xin	xin	PROPN
fbem-7727	109	9	,	,	PUNCT
fbem-7727	109	10	yu	yu	PROPN
fbem-7727	109	11	bo	bo	PROPN
fbem-7727	109	12	.	.	PUNCT
fbem-7727	109	13	industrial	industrial	ADJ
fbem-7727	109	14	policy	policy	NOUN
fbem-7727	109	15	support	support	NOUN
fbem-7727	109	16	and	and	CCONJ
fbem-7727	109	17	corporate	corporate	ADJ
fbem-7727	109	18	financial	financial	ADJ
fbem-7727	109	19	asset	asset	NOUN
fbem-7727	109	20	allocation	allocation	NOUN
fbem-7727	109	21	--	--	PUNCT
fbem-7727	109	22	a	a	DET
fbem-7727	109	23	natural	natural	ADJ
fbem-7727	109	24	experiment	experiment	NOUN
fbem-7727	109	25	based	base	VERB
fbem-7727	109	26	on	on	ADP
fbem-7727	109	27	the	the	DET
fbem-7727	109	28	change	change	NOUN
fbem-7727	109	29	of	of	ADP
fbem-7727	109	30	"	"	PUNCT
fbem-7727	109	31	five	five	NUM
fbem-7727	109	32	-	-	PUNCT
fbem-7727	109	33	year	year	NOUN
fbem-7727	109	34	plan"[j	plan"[j	PROPN
fbem-7727	109	35	]	]	PUNCT
fbem-7727	109	36	.	.	PUNCT
fbem-7727	110	1	business	business	NOUN
fbem-7727	110	2	economics	economic	NOUN
fbem-7727	110	3	and	and	CCONJ
fbem-7727	110	4	management	management	NOUN
fbem-7727	110	5	,	,	PUNCT
fbem-7727	110	6	2020,(10):52	2020,(10):52	PROPN
fbem-7727	110	7	-	-	X
fbem-7727	110	8	72	72	NUM
fbem-7727	110	9	.	.	PUNCT
fbem-7727	111	1	[	[	X
fbem-7727	111	2	6	6	NUM
fbem-7727	111	3	]	]	PUNCT
fbem-7727	111	4	he	he	PRON
fbem-7727	111	5	,	,	PUNCT
fbem-7727	111	6	wei	wei	PROPN
fbem-7727	111	7	-	-	PUNCT
fbem-7727	111	8	feng	feng	PROPN
fbem-7727	111	9	,	,	PUNCT
fbem-7727	111	10	liu	liu	PROPN
fbem-7727	111	11	,	,	PUNCT
fbem-7727	111	12	wei	wei	PROPN
fbem-7727	111	13	,	,	PUNCT
fbem-7727	111	14	and	and	CCONJ
fbem-7727	111	15	huang	huang	PROPN
fbem-7727	111	16	,	,	PUNCT
fbem-7727	111	17	kelly	kelly	PROPN
fbem-7727	111	18	.	.	PUNCT
fbem-7727	112	1	managerial	managerial	ADJ
fbem-7727	112	2	competence	competence	NOUN
fbem-7727	112	3	and	and	CCONJ
fbem-7727	112	4	corporate	corporate	ADJ
fbem-7727	112	5	risk	risk	NOUN
fbem-7727	112	6	-	-	PUNCT
fbem-7727	112	7	taking[j	taking[j	NOUN
fbem-7727	112	8	]	]	PUNCT
fbem-7727	112	9	.	.	PUNCT
fbem-7727	113	1	china	china	PROPN
fbem-7727	113	2	soft	soft	ADJ
fbem-7727	113	3	science	science	NOUN
fbem-7727	113	4	,	,	PUNCT
fbem-7727	113	5	2016	2016	NUM
fbem-7727	113	6	,	,	PUNCT
fbem-7727	113	7	no.305(05):107	no.305(05):107	NOUN
fbem-7727	113	8	-	-	PUNCT
fbem-7727	113	9	118	118	NUM
fbem-7727	113	10	.	.	NOUN
fbem-7727	113	11	85	85	NUM
fbem-7727	114	1	[	[	SYM
fbem-7727	114	2	7	7	NUM
fbem-7727	114	3	]	]	X
fbem-7727	114	4	zhang	zhang	PROPN
fbem-7727	114	5	m	m	PROPN
fbem-7727	114	6	,	,	PUNCT
fbem-7727	114	7	tong	tong	PROPN
fbem-7727	114	8	lj	lj	PROPN
fbem-7727	114	9	,	,	PUNCT
fbem-7727	114	10	xu	xu	PROPN
fbem-7727	114	11	horan	horan	PROPN
fbem-7727	114	12	.	.	PUNCT
fbem-7727	115	1	social	social	ADJ
fbem-7727	115	2	networks	network	NOUN
fbem-7727	115	3	and	and	CCONJ
fbem-7727	115	4	corporate	corporate	ADJ
fbem-7727	115	5	risk	risk	NOUN
fbem-7727	115	6	-	-	PUNCT
fbem-7727	115	7	taking	taking	NOUN
fbem-7727	115	8	-	-	PUNCT
fbem-7727	115	9	empirical	empirical	ADJ
fbem-7727	115	10	evidence	evidence	NOUN
fbem-7727	115	11	based	base	VERB
fbem-7727	115	12	on	on	ADP
fbem-7727	115	13	listed	list	VERB
fbem-7727	115	14	companies	company	NOUN
fbem-7727	115	15	in	in	ADP
fbem-7727	115	16	china[j	china[j	PROPN
fbem-7727	115	17	]	]	PUNCT
fbem-7727	115	18	.	.	PUNCT
fbem-7727	116	1	management	management	NOUN
fbem-7727	116	2	world,2015(11):161	world,2015(11):161	PROPN
fbem-7727	116	3	-	-	PUNCT
fbem-7727	116	4	175	175	NUM
fbem-7727	116	5	.	.	PUNCT
fbem-7727	117	1	[	[	X
fbem-7727	117	2	8	8	NUM
fbem-7727	117	3	]	]	X
fbem-7727	117	4	li	li	PROPN
fbem-7727	117	5	bingxiang	bingxiang	PROPN
fbem-7727	117	6	,	,	PUNCT
fbem-7727	117	7	lin	lin	PROPN
fbem-7727	117	8	binghong	binghong	PROPN
fbem-7727	117	9	.	.	PUNCT
fbem-7727	118	1	managerial	managerial	ADJ
fbem-7727	118	2	competence	competence	NOUN
fbem-7727	118	3	,	,	PUNCT
fbem-7727	118	4	equity	equity	NOUN
fbem-7727	118	5	structure	structure	NOUN
fbem-7727	118	6	and	and	CCONJ
fbem-7727	118	7	risk	risk	NOUN
fbem-7727	118	8	appetite[j	appetite[j	NOUN
fbem-7727	118	9	]	]	PUNCT
fbem-7727	118	10	.	.	PUNCT
fbem-7727	119	1	friends	friend	NOUN
fbem-7727	119	2	of	of	ADP
fbem-7727	119	3	accounting	accounting	NOUN
fbem-7727	119	4	,	,	PUNCT
fbem-7727	119	5	2022	2022	NUM
fbem-7727	119	6	(	(	PUNCT
fbem-7727	119	7	13	13	NUM
fbem-7727	119	8	):	):	PUNCT
fbem-7727	119	9	91	91	NUM
fbem-7727	119	10	-	-	SYM
fbem-7727	119	11	98	98	NUM
fbem-7727	119	12	.	.	PUNCT
fbem-7727	120	1	[	[	X
fbem-7727	120	2	9	9	NUM
fbem-7727	120	3	]	]	SYM
fbem-7727	120	4	xu	xu	PROPN
fbem-7727	120	5	yd	yd	PROPN
fbem-7727	120	6	,	,	PUNCT
fbem-7727	120	7	yang	yang	PROPN
fbem-7727	120	8	xxuan	xxuan	PROPN
fbem-7727	120	9	,	,	PUNCT
fbem-7727	120	10	liu	liu	PROPN
fbem-7727	120	11	jianmin	jianmin	PROPN
fbem-7727	120	12	.	.	PUNCT
fbem-7727	121	1	management	management	NOUN
fbem-7727	121	2	overconfidence	overconfidence	NOUN
fbem-7727	121	3	,	,	PUNCT
fbem-7727	121	4	regional	regional	ADJ
fbem-7727	121	5	institutional	institutional	ADJ
fbem-7727	121	6	environment	environment	NOUN
fbem-7727	121	7	and	and	CCONJ
fbem-7727	121	8	internal	internal	ADJ
fbem-7727	121	9	control	control	NOUN
fbem-7727	121	10	effectiveness[j	effectiveness[j	PROPN
fbem-7727	121	11	]	]	PUNCT
fbem-7727	121	12	.	.	PUNCT
fbem-7727	122	1	audit	audit	NOUN
fbem-7727	122	2	research,2021(02):118	research,2021(02):118	NOUN
fbem-7727	122	3	-	-	PUNCT
fbem-7727	122	4	128	128	NUM
fbem-7727	122	5	.	.	PUNCT
fbem-7727	123	1	[	[	X
fbem-7727	123	2	10	10	NUM
fbem-7727	123	3	]	]	X
fbem-7727	123	4	zhang	zhang	PROPN
fbem-7727	123	5	dorei	dorei	PROPN
fbem-7727	123	6	,	,	PUNCT
fbem-7727	123	7	zhao	zhao	PROPN
fbem-7727	123	8	shenzhen	shenzhen	PROPN
fbem-7727	123	9	.	.	PUNCT
fbem-7727	124	1	managerial	managerial	ADJ
fbem-7727	124	2	behavior	behavior	NOUN
fbem-7727	124	3	,	,	PUNCT
fbem-7727	124	4	internal	internal	ADJ
fbem-7727	124	5	and	and	CCONJ
fbem-7727	124	6	external	external	ADJ
fbem-7727	124	7	supervision	supervision	NOUN
fbem-7727	124	8	and	and	CCONJ
fbem-7727	124	9	corporate	corporate	ADJ
fbem-7727	124	10	financialization[j	financialization[j	NOUN
fbem-7727	124	11	]	]	X
fbem-7727	124	12	.	.	PUNCT
fbem-7727	125	1	research	research	NOUN
fbem-7727	125	2	on	on	ADP
fbem-7727	125	3	finance	finance	NOUN
fbem-7727	125	4	and	and	CCONJ
fbem-7727	125	5	economics,2022,(04):121	economics,2022,(04):121	PROPN
fbem-7727	125	6	-	-	PUNCT
fbem-7727	125	7	128	128	NUM
fbem-7727	125	8	.	.	PUNCT
fbem-7727	126	1	[	[	X
fbem-7727	126	2	11	11	NUM
fbem-7727	126	3	]	]	X
fbem-7727	126	4	du	du	PROPN
fbem-7727	126	5	y	y	PROPN
fbem-7727	126	6	,	,	PUNCT
fbem-7727	126	7	zhang	zhang	PROPN
fbem-7727	126	8	huan	huan	PROPN
fbem-7727	126	9	,	,	PUNCT
fbem-7727	126	10	chen	chen	PROPN
fbem-7727	126	11	jianying	jianying	PROPN
fbem-7727	126	12	.	.	PUNCT
fbem-7727	127	1	the	the	DET
fbem-7727	127	2	impact	impact	NOUN
fbem-7727	127	3	of	of	ADP
fbem-7727	127	4	financialization	financialization	NOUN
fbem-7727	127	5	on	on	ADP
fbem-7727	127	6	the	the	DET
fbem-7727	127	7	future	future	ADJ
fbem-7727	127	8	development	development	NOUN
fbem-7727	127	9	of	of	ADP
fbem-7727	127	10	the	the	DET
fbem-7727	127	11	main	main	ADJ
fbem-7727	127	12	business	business	NOUN
fbem-7727	127	13	of	of	ADP
fbem-7727	127	14	real	real	ADJ
fbem-7727	127	15	enterprises	enterprise	NOUN
fbem-7727	127	16	:	:	PUNCT
fbem-7727	127	17	promotion	promotion	NOUN
fbem-7727	127	18	or	or	CCONJ
fbem-7727	127	19	inhibition[j	inhibition[j	PROPN
fbem-7727	127	20	]	]	X
fbem-7727	127	21	.	.	PUNCT
fbem-7727	128	1	china	china	PROPN
fbem-7727	128	2	industrial	industrial	PROPN
fbem-7727	128	3	economy,2017,(12):113	economy,2017,(12):113	PROPN
fbem-7727	128	4	-	-	PUNCT
fbem-7727	128	5	131	131	NUM
fbem-7727	128	6	.	.	PUNCT
fbem-7727	129	1	[	[	X
fbem-7727	129	2	12	12	NUM
fbem-7727	129	3	]	]	PUNCT
fbem-7727	129	4	yao	yao	PROPN
fbem-7727	129	5	y	y	PROPN
fbem-7727	129	6	,	,	PUNCT
fbem-7727	129	7	zhu	zhu	PROPN
fbem-7727	129	8	np	np	INTJ
fbem-7727	129	9	.	.	PROPN
fbem-7727	129	10	managerial	managerial	ADJ
fbem-7727	129	11	competence	competence	NOUN
fbem-7727	129	12	and	and	CCONJ
fbem-7727	129	13	corporate	corporate	ADJ
fbem-7727	129	14	tax	tax	NOUN
fbem-7727	129	15	avoidance	avoidance	NOUN
fbem-7727	129	16	behavior	behavior	NOUN
fbem-7727	129	17	:	:	PUNCT
fbem-7727	129	18	a	a	DET
fbem-7727	129	19	review	review	NOUN
fbem-7727	129	20	and	and	CCONJ
fbem-7727	129	21	outlook[j	outlook[j	NOUN
fbem-7727	129	22	]	]	PUNCT
fbem-7727	129	23	.	.	PUNCT
fbem-7727	130	1	china	china	PROPN
fbem-7727	130	2	collective	collective	PROPN
fbem-7727	130	3	economy,2020,(11):80	economy,2020,(11):80	PROPN
fbem-7727	130	4	-	-	PUNCT
fbem-7727	130	5	81	81	NUM
fbem-7727	130	6	.	.	PUNCT