id	sid	tid	token	lemma	pos
fbem-8689	1	1	frontiers	frontier	NOUN
fbem-8689	1	2	in	in	ADP
fbem-8689	1	3	business	business	NOUN
fbem-8689	1	4	,	,	PUNCT
fbem-8689	1	5	economics	economic	NOUN
fbem-8689	1	6	and	and	CCONJ
fbem-8689	1	7	management	management	NOUN
fbem-8689	1	8	issn	issn	PROPN
fbem-8689	1	9	:	:	PUNCT
fbem-8689	1	10	2766	2766	NUM
fbem-8689	1	11	-	-	PUNCT
fbem-8689	1	12	824x	824x	NUM
fbem-8689	1	13	|	|	ADJ
fbem-8689	1	14	vol	vol	NOUN
fbem-8689	1	15	.	.	PROPN
fbem-8689	2	1	9	9	NUM
fbem-8689	2	2	,	,	PUNCT
fbem-8689	2	3	no	no	INTJ
fbem-8689	2	4	.	.	NOUN
fbem-8689	2	5	1	1	NUM
fbem-8689	2	6	,	,	PUNCT
fbem-8689	2	7	2023	2023	NUM
fbem-8689	2	8	248	248	NUM
fbem-8689	2	9	empirical	empirical	ADJ
fbem-8689	2	10	study	study	NOUN
fbem-8689	2	11	on	on	ADP
fbem-8689	2	12	the	the	DET
fbem-8689	2	13	impact	impact	NOUN
fbem-8689	2	14	of	of	ADP
fbem-8689	2	15	environmental	environmental	ADJ
fbem-8689	2	16	uncertainty	uncertainty	NOUN
fbem-8689	2	17	on	on	ADP
fbem-8689	2	18	dynamic	dynamic	ADJ
fbem-8689	2	19	adjustment	adjustment	NOUN
fbem-8689	2	20	of	of	ADP
fbem-8689	2	21	financial	financial	ADJ
fbem-8689	2	22	flexibility	flexibility	NOUN
fbem-8689	2	23	xingyue	xingyue	PROPN
fbem-8689	2	24	li	li	PROPN
fbem-8689	2	25	hunan	hunan	PROPN
fbem-8689	2	26	university	university	PROPN
fbem-8689	2	27	of	of	ADP
fbem-8689	2	28	science	science	NOUN
fbem-8689	2	29	and	and	CCONJ
fbem-8689	2	30	technology	technology	NOUN
fbem-8689	2	31	,	,	PUNCT
fbem-8689	2	32	school	school	NOUN
fbem-8689	2	33	of	of	ADP
fbem-8689	2	34	business	business	NOUN
fbem-8689	2	35	,	,	PUNCT
fbem-8689	2	36	xiangtan	xiangtan	PROPN
fbem-8689	2	37	,	,	PUNCT
fbem-8689	2	38	hunan	hunan	PROPN
fbem-8689	2	39	411201	411201	NUM
fbem-8689	2	40	,	,	PUNCT
fbem-8689	2	41	china	china	PROPN
fbem-8689	2	42	abstract	abstract	NOUN
fbem-8689	2	43	:	:	PUNCT
fbem-8689	2	44	from	from	ADP
fbem-8689	2	45	the	the	DET
fbem-8689	2	46	perspective	perspective	NOUN
fbem-8689	2	47	of	of	ADP
fbem-8689	2	48	environmental	environmental	ADJ
fbem-8689	2	49	uncertainty	uncertainty	NOUN
fbem-8689	2	50	,	,	PUNCT
fbem-8689	2	51	this	this	DET
fbem-8689	2	52	paper	paper	NOUN
fbem-8689	2	53	further	further	ADJ
fbem-8689	2	54	studies	study	NOUN
fbem-8689	2	55	whether	whether	SCONJ
fbem-8689	2	56	the	the	DET
fbem-8689	2	57	dynamic	dynamic	ADJ
fbem-8689	2	58	adjustment	adjustment	NOUN
fbem-8689	2	59	of	of	ADP
fbem-8689	2	60	the	the	DET
fbem-8689	2	61	financial	financial	ADJ
fbem-8689	2	62	flexibility	flexibility	NOUN
fbem-8689	2	63	of	of	ADP
fbem-8689	2	64	enterprises	enterprise	NOUN
fbem-8689	2	65	will	will	AUX
fbem-8689	2	66	be	be	AUX
fbem-8689	2	67	affected	affect	VERB
fbem-8689	2	68	by	by	ADP
fbem-8689	2	69	environmental	environmental	ADJ
fbem-8689	2	70	uncertainty	uncertainty	NOUN
fbem-8689	2	71	and	and	CCONJ
fbem-8689	2	72	its	its	PRON
fbem-8689	2	73	changes	change	NOUN
fbem-8689	2	74	.	.	PUNCT
fbem-8689	3	1	through	through	ADP
fbem-8689	3	2	the	the	DET
fbem-8689	3	3	research	research	NOUN
fbem-8689	3	4	,	,	PUNCT
fbem-8689	3	5	it	it	PRON
fbem-8689	3	6	is	be	AUX
fbem-8689	3	7	found	find	VERB
fbem-8689	3	8	that	that	SCONJ
fbem-8689	3	9	there	there	PRON
fbem-8689	3	10	is	be	VERB
fbem-8689	3	11	a	a	DET
fbem-8689	3	12	reasonable	reasonable	ADJ
fbem-8689	3	13	level	level	NOUN
fbem-8689	3	14	of	of	ADP
fbem-8689	3	15	target	target	NOUN
fbem-8689	3	16	flexibility	flexibility	NOUN
fbem-8689	3	17	,	,	PUNCT
fbem-8689	3	18	and	and	CCONJ
fbem-8689	3	19	the	the	DET
fbem-8689	3	20	actual	actual	ADJ
fbem-8689	3	21	financial	financial	ADJ
fbem-8689	3	22	flexibility	flexibility	NOUN
fbem-8689	3	23	of	of	ADP
fbem-8689	3	24	enterprises	enterprise	NOUN
fbem-8689	3	25	will	will	AUX
fbem-8689	3	26	constantly	constantly	ADV
fbem-8689	3	27	converge	converge	VERB
fbem-8689	3	28	to	to	ADP
fbem-8689	3	29	the	the	DET
fbem-8689	3	30	target	target	NOUN
fbem-8689	3	31	.	.	PUNCT
fbem-8689	4	1	environmental	environmental	ADJ
fbem-8689	4	2	uncertainty	uncertainty	NOUN
fbem-8689	4	3	will	will	AUX
fbem-8689	4	4	accelerate	accelerate	VERB
fbem-8689	4	5	the	the	DET
fbem-8689	4	6	dynamic	dynamic	ADJ
fbem-8689	4	7	adjustment	adjustment	NOUN
fbem-8689	4	8	of	of	ADP
fbem-8689	4	9	financial	financial	ADJ
fbem-8689	4	10	flexibility	flexibility	NOUN
fbem-8689	4	11	.	.	PUNCT
fbem-8689	5	1	the	the	DET
fbem-8689	5	2	change	change	NOUN
fbem-8689	5	3	in	in	ADP
fbem-8689	5	4	environmental	environmental	ADJ
fbem-8689	5	5	uncertainty	uncertainty	NOUN
fbem-8689	5	6	will	will	AUX
fbem-8689	5	7	also	also	ADV
fbem-8689	5	8	accelerate	accelerate	VERB
fbem-8689	5	9	the	the	DET
fbem-8689	5	10	dynamic	dynamic	ADJ
fbem-8689	5	11	adjustment	adjustment	NOUN
fbem-8689	5	12	speed	speed	NOUN
fbem-8689	5	13	of	of	ADP
fbem-8689	5	14	financial	financial	ADJ
fbem-8689	5	15	flexibility	flexibility	NOUN
fbem-8689	5	16	.	.	PUNCT
fbem-8689	6	1	it	it	PRON
fbem-8689	6	2	can	can	AUX
fbem-8689	6	3	help	help	VERB
fbem-8689	6	4	enterprises	enterprise	NOUN
fbem-8689	6	5	correctly	correctly	ADV
fbem-8689	6	6	understand	understand	VERB
fbem-8689	6	7	financial	financial	ADJ
fbem-8689	6	8	flexibility	flexibility	NOUN
fbem-8689	6	9	,	,	PUNCT
fbem-8689	6	10	and	and	CCONJ
fbem-8689	6	11	then	then	ADV
fbem-8689	6	12	guide	guide	VERB
fbem-8689	6	13	enterprises	enterprise	NOUN
fbem-8689	6	14	to	to	PART
fbem-8689	6	15	make	make	VERB
fbem-8689	6	16	reasonable	reasonable	ADJ
fbem-8689	6	17	and	and	CCONJ
fbem-8689	6	18	effective	effective	ADJ
fbem-8689	6	19	financial	financial	ADJ
fbem-8689	6	20	decisions	decision	NOUN
fbem-8689	6	21	so	so	SCONJ
fbem-8689	6	22	that	that	SCONJ
fbem-8689	6	23	the	the	DET
fbem-8689	6	24	financial	financial	ADJ
fbem-8689	6	25	decisions	decision	NOUN
fbem-8689	6	26	of	of	ADP
fbem-8689	6	27	enterprises	enterprise	NOUN
fbem-8689	6	28	are	be	AUX
fbem-8689	6	29	more	more	ADV
fbem-8689	6	30	scientific	scientific	ADJ
fbem-8689	6	31	.	.	PUNCT
fbem-8689	7	1	keywords	keyword	NOUN
fbem-8689	7	2	:	:	PUNCT
fbem-8689	7	3	environmental	environmental	ADJ
fbem-8689	7	4	uncertainty	uncertainty	NOUN
fbem-8689	7	5	,	,	PUNCT
fbem-8689	7	6	financial	financial	ADJ
fbem-8689	7	7	flexibility	flexibility	NOUN
fbem-8689	7	8	,	,	PUNCT
fbem-8689	7	9	dynamic	dynamic	ADJ
fbem-8689	7	10	adjustment	adjustment	NOUN
fbem-8689	7	11	.	.	PUNCT
fbem-8689	8	1	1	1	X
fbem-8689	8	2	.	.	X
fbem-8689	8	3	introduction	introduction	NOUN
fbem-8689	8	4	along	along	ADP
fbem-8689	8	5	with	with	ADP
fbem-8689	8	6	the	the	DET
fbem-8689	8	7	globalization	globalization	NOUN
fbem-8689	8	8	of	of	ADP
fbem-8689	8	9	the	the	DET
fbem-8689	8	10	world	world	NOUN
fbem-8689	8	11	economy	economy	NOUN
fbem-8689	8	12	,	,	PUNCT
fbem-8689	8	13	especially	especially	ADV
fbem-8689	8	14	china	china	PROPN
fbem-8689	8	15	's	's	PART
fbem-8689	8	16	increasingly	increasingly	ADV
fbem-8689	8	17	prominent	prominent	ADJ
fbem-8689	8	18	position	position	NOUN
fbem-8689	8	19	in	in	ADP
fbem-8689	8	20	the	the	DET
fbem-8689	8	21	world	world	NOUN
fbem-8689	8	22	trade	trade	NOUN
fbem-8689	8	23	organization	organization	NOUN
fbem-8689	8	24	and	and	CCONJ
fbem-8689	8	25	the	the	DET
fbem-8689	8	26	increasingly	increasingly	ADV
fbem-8689	8	27	important	important	ADJ
fbem-8689	8	28	role	role	NOUN
fbem-8689	8	29	it	it	PRON
fbem-8689	8	30	is	be	AUX
fbem-8689	8	31	playing	play	VERB
fbem-8689	8	32	,	,	PUNCT
fbem-8689	8	33	thus	thus	ADV
fbem-8689	8	34	making	make	VERB
fbem-8689	8	35	chinese	chinese	ADJ
fbem-8689	8	36	enterprises	enterprise	NOUN
fbem-8689	8	37	intermingle	intermingle	VERB
fbem-8689	8	38	with	with	ADP
fbem-8689	8	39	the	the	DET
fbem-8689	8	40	economic	economic	ADJ
fbem-8689	8	41	activities	activity	NOUN
fbem-8689	8	42	of	of	ADP
fbem-8689	8	43	other	other	ADJ
fbem-8689	8	44	economic	economic	ADJ
fbem-8689	8	45	organizations	organization	NOUN
fbem-8689	8	46	in	in	ADP
fbem-8689	8	47	the	the	DET
fbem-8689	8	48	world	world	NOUN
fbem-8689	8	49	.	.	PUNCT
fbem-8689	9	1	since	since	SCONJ
fbem-8689	9	2	the	the	DET
fbem-8689	9	3	reform	reform	NOUN
fbem-8689	9	4	and	and	CCONJ
fbem-8689	9	5	opening	opening	NOUN
fbem-8689	9	6	up	up	ADP
fbem-8689	9	7	,	,	PUNCT
fbem-8689	9	8	our	our	PRON
fbem-8689	9	9	country	country	NOUN
fbem-8689	9	10	has	have	AUX
fbem-8689	9	11	pursued	pursue	VERB
fbem-8689	9	12	a	a	DET
fbem-8689	9	13	"	"	PUNCT
fbem-8689	9	14	going	go	VERB
fbem-8689	9	15	-	-	PUNCT
fbem-8689	9	16	out	out	ADP
fbem-8689	9	17	"	"	PUNCT
fbem-8689	9	18	development	development	NOUN
fbem-8689	9	19	strategy	strategy	NOUN
fbem-8689	9	20	economically	economically	ADV
fbem-8689	9	21	,	,	PUNCT
fbem-8689	9	22	so	so	SCONJ
fbem-8689	9	23	that	that	SCONJ
fbem-8689	9	24	chinese	chinese	ADJ
fbem-8689	9	25	enterprises	enterprise	NOUN
fbem-8689	9	26	not	not	PART
fbem-8689	9	27	only	only	ADV
fbem-8689	9	28	face	face	VERB
fbem-8689	9	29	their	their	PRON
fbem-8689	9	30	domestic	domestic	ADJ
fbem-8689	9	31	consumption	consumption	NOUN
fbem-8689	9	32	market	market	NOUN
fbem-8689	9	33	,	,	PUNCT
fbem-8689	9	34	and	and	CCONJ
fbem-8689	9	35	for	for	ADP
fbem-8689	9	36	the	the	DET
fbem-8689	9	37	whole	whole	ADJ
fbem-8689	9	38	world	world	NOUN
fbem-8689	9	39	market	market	NOUN
fbem-8689	9	40	,	,	PUNCT
fbem-8689	9	41	with	with	ADP
fbem-8689	9	42	enterprises	enterprise	NOUN
fbem-8689	9	43	around	around	ADP
fbem-8689	9	44	the	the	DET
fbem-8689	9	45	world	world	NOUN
fbem-8689	9	46	frequent	frequent	ADJ
fbem-8689	9	47	trade	trade	NOUN
fbem-8689	9	48	and	and	CCONJ
fbem-8689	9	49	economic	economic	ADJ
fbem-8689	9	50	exchanges	exchange	NOUN
fbem-8689	9	51	.	.	PUNCT
fbem-8689	10	1	at	at	ADP
fbem-8689	10	2	the	the	DET
fbem-8689	10	3	same	same	ADJ
fbem-8689	10	4	time	time	NOUN
fbem-8689	10	5	,	,	PUNCT
fbem-8689	10	6	along	along	ADP
fbem-8689	10	7	with	with	ADP
fbem-8689	10	8	the	the	DET
fbem-8689	10	9	conflicts	conflict	NOUN
fbem-8689	10	10	and	and	CCONJ
fbem-8689	10	11	frictions	friction	NOUN
fbem-8689	10	12	which	which	PRON
fbem-8689	10	13	are	be	AUX
fbem-8689	10	14	becoming	become	VERB
fbem-8689	10	15	increasingly	increasingly	ADV
fbem-8689	10	16	fierce	fierce	ADJ
fbem-8689	10	17	in	in	ADP
fbem-8689	10	18	surrounding	surround	VERB
fbem-8689	10	19	areas	area	NOUN
fbem-8689	10	20	of	of	ADP
fbem-8689	10	21	our	our	PRON
fbem-8689	10	22	country	country	NOUN
fbem-8689	10	23	,	,	PUNCT
fbem-8689	10	24	it	it	PRON
fbem-8689	10	25	has	have	AUX
fbem-8689	10	26	also	also	ADV
fbem-8689	10	27	caused	cause	VERB
fbem-8689	10	28	a	a	DET
fbem-8689	10	29	certain	certain	ADJ
fbem-8689	10	30	degree	degree	NOUN
fbem-8689	10	31	of	of	ADP
fbem-8689	10	32	a	a	DET
fbem-8689	10	33	hindrance	hindrance	NOUN
fbem-8689	10	34	to	to	ADP
fbem-8689	10	35	the	the	DET
fbem-8689	10	36	economic	economic	ADJ
fbem-8689	10	37	development	development	NOUN
fbem-8689	10	38	of	of	ADP
fbem-8689	10	39	the	the	DET
fbem-8689	10	40	region	region	NOUN
fbem-8689	10	41	,	,	PUNCT
fbem-8689	10	42	which	which	PRON
fbem-8689	10	43	will	will	AUX
fbem-8689	10	44	have	have	VERB
fbem-8689	10	45	an	an	DET
fbem-8689	10	46	impact	impact	NOUN
fbem-8689	10	47	on	on	ADP
fbem-8689	10	48	the	the	DET
fbem-8689	10	49	strategic	strategic	ADJ
fbem-8689	10	50	development	development	NOUN
fbem-8689	10	51	and	and	CCONJ
fbem-8689	10	52	investment	investment	NOUN
fbem-8689	10	53	choice	choice	NOUN
fbem-8689	10	54	of	of	ADP
fbem-8689	10	55	chinese	chinese	ADJ
fbem-8689	10	56	enterprises	enterprise	NOUN
fbem-8689	10	57	.	.	PUNCT
fbem-8689	11	1	environmental	environmental	ADJ
fbem-8689	11	2	uncertainty	uncertainty	NOUN
fbem-8689	11	3	has	have	AUX
fbem-8689	11	4	become	become	VERB
fbem-8689	11	5	an	an	DET
fbem-8689	11	6	important	important	ADJ
fbem-8689	11	7	feature	feature	NOUN
fbem-8689	11	8	in	in	ADP
fbem-8689	11	9	the	the	DET
fbem-8689	11	10	era	era	NOUN
fbem-8689	11	11	of	of	ADP
fbem-8689	11	12	economic	economic	ADJ
fbem-8689	11	13	globalization	globalization	NOUN
fbem-8689	11	14	,	,	PUNCT
fbem-8689	11	15	and	and	CCONJ
fbem-8689	11	16	how	how	SCONJ
fbem-8689	11	17	enterprises	enterprise	NOUN
fbem-8689	11	18	deal	deal	VERB
fbem-8689	11	19	with	with	ADP
fbem-8689	11	20	uncertainty	uncertainty	NOUN
fbem-8689	11	21	has	have	AUX
fbem-8689	11	22	become	become	VERB
fbem-8689	11	23	an	an	DET
fbem-8689	11	24	important	important	ADJ
fbem-8689	11	25	topic	topic	NOUN
fbem-8689	11	26	in	in	ADP
fbem-8689	11	27	the	the	DET
fbem-8689	11	28	current	current	ADJ
fbem-8689	11	29	era	era	NOUN
fbem-8689	11	30	.	.	PUNCT
fbem-8689	12	1	this	this	DET
fbem-8689	12	2	paper	paper	NOUN
fbem-8689	12	3	is	be	AUX
fbem-8689	12	4	written	write	VERB
fbem-8689	12	5	based	base	VERB
fbem-8689	12	6	on	on	ADP
fbem-8689	12	7	this	this	DET
fbem-8689	12	8	background	background	NOUN
fbem-8689	12	9	.	.	PUNCT
fbem-8689	13	1	through	through	ADP
fbem-8689	13	2	the	the	DET
fbem-8689	13	3	analysis	analysis	NOUN
fbem-8689	13	4	and	and	CCONJ
fbem-8689	13	5	research	research	NOUN
fbem-8689	13	6	of	of	ADP
fbem-8689	13	7	relevant	relevant	ADJ
fbem-8689	13	8	theories	theory	NOUN
fbem-8689	13	9	,	,	PUNCT
fbem-8689	13	10	it	it	PRON
fbem-8689	13	11	helps	help	VERB
fbem-8689	13	12	enterprises	enterprise	NOUN
fbem-8689	13	13	to	to	PART
fbem-8689	13	14	correctly	correctly	ADV
fbem-8689	13	15	understand	understand	VERB
fbem-8689	13	16	the	the	DET
fbem-8689	13	17	dynamic	dynamic	ADJ
fbem-8689	13	18	adjustment	adjustment	NOUN
fbem-8689	13	19	of	of	ADP
fbem-8689	13	20	financial	financial	ADJ
fbem-8689	13	21	flexibility	flexibility	NOUN
fbem-8689	13	22	,	,	PUNCT
fbem-8689	13	23	so	so	SCONJ
fbem-8689	13	24	that	that	SCONJ
fbem-8689	13	25	enterprises	enterprise	NOUN
fbem-8689	13	26	can	can	AUX
fbem-8689	13	27	take	take	VERB
fbem-8689	13	28	this	this	PRON
fbem-8689	13	29	as	as	ADP
fbem-8689	13	30	the	the	DET
fbem-8689	13	31	premise	premise	NOUN
fbem-8689	13	32	.	.	PUNCT
fbem-8689	14	1	make	make	VERB
fbem-8689	14	2	decisions	decision	NOUN
fbem-8689	14	3	about	about	ADP
fbem-8689	14	4	financial	financial	ADJ
fbem-8689	14	5	management	management	NOUN
fbem-8689	14	6	scientifically	scientifically	ADV
fbem-8689	14	7	.	.	PUNCT
fbem-8689	15	1	2	2	X
fbem-8689	15	2	.	.	X
fbem-8689	15	3	literature	literature	NOUN
fbem-8689	15	4	review	review	NOUN
fbem-8689	15	5	in	in	ADP
fbem-8689	15	6	2010	2010	NUM
fbem-8689	15	7	,	,	PUNCT
fbem-8689	15	8	cook	cook	NOUN
fbem-8689	15	9	and	and	CCONJ
fbem-8689	15	10	tang	tang	NOUN
fbem-8689	15	11	proposed	propose	VERB
fbem-8689	15	12	that	that	SCONJ
fbem-8689	15	13	the	the	DET
fbem-8689	15	14	adjustment	adjustment	NOUN
fbem-8689	15	15	speed	speed	NOUN
fbem-8689	15	16	of	of	ADP
fbem-8689	15	17	enterprise	enterprise	NOUN
fbem-8689	15	18	capital	capital	NOUN
fbem-8689	15	19	structure	structure	NOUN
fbem-8689	15	20	would	would	AUX
fbem-8689	15	21	be	be	AUX
fbem-8689	15	22	affected	affect	VERB
fbem-8689	15	23	by	by	ADP
fbem-8689	15	24	the	the	DET
fbem-8689	15	25	macroeconomic	macroeconomic	ADJ
fbem-8689	15	26	environment	environment	NOUN
fbem-8689	15	27	,	,	PUNCT
fbem-8689	15	28	and	and	CCONJ
fbem-8689	15	29	the	the	DET
fbem-8689	15	30	capital	capital	NOUN
fbem-8689	15	31	turnover	turnover	NOUN
fbem-8689	15	32	situation	situation	NOUN
fbem-8689	15	33	of	of	ADP
fbem-8689	15	34	enterprises	enterprise	NOUN
fbem-8689	15	35	would	would	AUX
fbem-8689	15	36	have	have	VERB
fbem-8689	15	37	a	a	DET
fbem-8689	15	38	cross	cross	NOUN
fbem-8689	15	39	-	-	NOUN
fbem-8689	15	40	effect	effect	NOUN
fbem-8689	15	41	on	on	ADP
fbem-8689	15	42	this	this	PRON
fbem-8689	15	43	impact[1	impact[1	NUM
fbem-8689	15	44	]	]	PUNCT
fbem-8689	15	45	.	.	PUNCT
fbem-8689	16	1	regarding	regard	VERB
fbem-8689	16	2	the	the	DET
fbem-8689	16	3	source	source	NOUN
fbem-8689	16	4	of	of	ADP
fbem-8689	16	5	uncertainty	uncertainty	NOUN
fbem-8689	16	6	,	,	PUNCT
fbem-8689	16	7	different	different	ADJ
fbem-8689	16	8	experts	expert	NOUN
fbem-8689	16	9	and	and	CCONJ
fbem-8689	16	10	scholars	scholar	NOUN
fbem-8689	16	11	hold	hold	VERB
fbem-8689	16	12	different	different	ADJ
fbem-8689	16	13	views	view	NOUN
fbem-8689	16	14	.	.	PUNCT
fbem-8689	17	1	in	in	ADP
fbem-8689	17	2	general	general	ADJ
fbem-8689	17	3	,	,	PUNCT
fbem-8689	17	4	the	the	DET
fbem-8689	17	5	source	source	NOUN
fbem-8689	17	6	of	of	ADP
fbem-8689	17	7	uncertainty	uncertainty	NOUN
fbem-8689	17	8	is	be	AUX
fbem-8689	17	9	divided	divide	VERB
fbem-8689	17	10	into	into	ADP
fbem-8689	17	11	the	the	DET
fbem-8689	17	12	external	external	ADJ
fbem-8689	17	13	and	and	CCONJ
fbem-8689	17	14	internal	internal	ADJ
fbem-8689	17	15	environment	environment	NOUN
fbem-8689	17	16	of	of	ADP
fbem-8689	17	17	the	the	DET
fbem-8689	17	18	organization	organization	NOUN
fbem-8689	17	19	.	.	PUNCT
fbem-8689	18	1	tung	tung	PROPN
fbem-8689	18	2	proposed	propose	VERB
fbem-8689	18	3	that	that	SCONJ
fbem-8689	18	4	the	the	DET
fbem-8689	18	5	source	source	NOUN
fbem-8689	18	6	of	of	ADP
fbem-8689	18	7	uncertainty	uncertainty	NOUN
fbem-8689	18	8	is	be	AUX
fbem-8689	18	9	external	external	ADJ
fbem-8689	18	10	to	to	ADP
fbem-8689	18	11	the	the	DET
fbem-8689	18	12	organization	organization	NOUN
fbem-8689	18	13	,	,	PUNCT
fbem-8689	18	14	and	and	CCONJ
fbem-8689	18	15	milliken	milliken	PROPN
fbem-8689	18	16	believed	believe	VERB
fbem-8689	18	17	that	that	SCONJ
fbem-8689	18	18	it	it	PRON
fbem-8689	18	19	is	be	AUX
fbem-8689	18	20	a	a	DET
fbem-8689	18	21	cognition	cognition	NOUN
fbem-8689	18	22	of	of	ADP
fbem-8689	18	23	managers	manager	NOUN
fbem-8689	18	24	to	to	ADP
fbem-8689	18	25	the	the	DET
fbem-8689	18	26	external	external	ADJ
fbem-8689	18	27	environment	environment	NOUN
fbem-8689	18	28	,	,	PUNCT
fbem-8689	18	29	so	so	CCONJ
fbem-8689	18	30	it	it	PRON
fbem-8689	18	31	is	be	AUX
fbem-8689	18	32	internal[2][3	internal[2][3	ADJ
fbem-8689	18	33	]	]	PUNCT
fbem-8689	18	34	.	.	PUNCT
fbem-8689	19	1	in	in	ADP
fbem-8689	19	2	2011	2011	NUM
fbem-8689	19	3	,	,	PUNCT
fbem-8689	19	4	byoun	byoun	NOUN
fbem-8689	19	5	closely	closely	ADV
fbem-8689	19	6	linked	link	VERB
fbem-8689	19	7	financial	financial	ADJ
fbem-8689	19	8	flexibility	flexibility	NOUN
fbem-8689	19	9	with	with	ADP
fbem-8689	19	10	environmental	environmental	ADJ
fbem-8689	19	11	uncertainty	uncertainty	NOUN
fbem-8689	19	12	and	and	CCONJ
fbem-8689	19	13	proposed	propose	VERB
fbem-8689	19	14	that	that	SCONJ
fbem-8689	19	15	enterprises	enterprise	NOUN
fbem-8689	19	16	reserve	reserve	VERB
fbem-8689	19	17	financial	financial	ADJ
fbem-8689	19	18	flexibility	flexibility	NOUN
fbem-8689	19	19	to	to	PART
fbem-8689	19	20	cope	cope	VERB
fbem-8689	19	21	with	with	ADP
fbem-8689	19	22	environmental	environmental	ADJ
fbem-8689	19	23	uncertainty	uncertainty	NOUN
fbem-8689	19	24	,	,	PUNCT
fbem-8689	19	25	while	while	SCONJ
fbem-8689	19	26	deangelo	deangelo	PROPN
fbem-8689	19	27	and	and	CCONJ
fbem-8689	19	28	deangelo	deangelo	PROPN
fbem-8689	19	29	(	(	PUNCT
fbem-8689	19	30	2007	2007	NUM
fbem-8689	19	31	)	)	PUNCT
fbem-8689	19	32	divided	divide	VERB
fbem-8689	19	33	financial	financial	ADJ
fbem-8689	19	34	flexibility	flexibility	NOUN
fbem-8689	19	35	into	into	ADP
fbem-8689	19	36	cash	cash	NOUN
fbem-8689	19	37	flexibility	flexibility	NOUN
fbem-8689	19	38	,	,	PUNCT
fbem-8689	19	39	debt	debt	NOUN
fbem-8689	19	40	flexibility	flexibility	NOUN
fbem-8689	19	41	,	,	PUNCT
fbem-8689	19	42	and	and	CCONJ
fbem-8689	19	43	equity	equity	NOUN
fbem-8689	19	44	flexibility	flexibility	NOUN
fbem-8689	19	45	and	and	CCONJ
fbem-8689	19	46	proposed	propose	VERB
fbem-8689	19	47	the	the	DET
fbem-8689	19	48	theory	theory	NOUN
fbem-8689	19	49	of	of	ADP
fbem-8689	19	50	financial	financial	ADJ
fbem-8689	19	51	flexibility[4]-[5	flexibility[4]-[5	PROPN
fbem-8689	19	52	]	]	PUNCT
fbem-8689	19	53	.	.	PUNCT
fbem-8689	20	1	this	this	PRON
fbem-8689	20	2	lays	lay	VERB
fbem-8689	20	3	the	the	DET
fbem-8689	20	4	theoretical	theoretical	ADJ
fbem-8689	20	5	foundation	foundation	NOUN
fbem-8689	20	6	for	for	ADP
fbem-8689	20	7	the	the	DET
fbem-8689	20	8	study	study	NOUN
fbem-8689	20	9	of	of	ADP
fbem-8689	20	10	financial	financial	ADJ
fbem-8689	20	11	flexibility	flexibility	NOUN
fbem-8689	20	12	.	.	PUNCT
fbem-8689	21	1	the	the	DET
fbem-8689	21	2	research	research	NOUN
fbem-8689	21	3	on	on	ADP
fbem-8689	21	4	environmental	environmental	ADJ
fbem-8689	21	5	uncertainty	uncertainty	NOUN
fbem-8689	21	6	and	and	CCONJ
fbem-8689	21	7	dynamic	dynamic	ADJ
fbem-8689	21	8	adjustment	adjustment	NOUN
fbem-8689	21	9	of	of	ADP
fbem-8689	21	10	financial	financial	ADJ
fbem-8689	21	11	flexibility	flexibility	NOUN
fbem-8689	21	12	mainly	mainly	ADV
fbem-8689	21	13	focuses	focus	VERB
fbem-8689	21	14	on	on	ADP
fbem-8689	21	15	the	the	DET
fbem-8689	21	16	following	follow	VERB
fbem-8689	21	17	three	three	NUM
fbem-8689	21	18	aspects	aspect	NOUN
fbem-8689	21	19	:	:	PUNCT
fbem-8689	21	20	first	first	ADV
fbem-8689	21	21	,	,	PUNCT
fbem-8689	21	22	it	it	PRON
fbem-8689	21	23	is	be	AUX
fbem-8689	21	24	about	about	ADP
fbem-8689	21	25	the	the	DET
fbem-8689	21	26	concept	concept	NOUN
fbem-8689	21	27	,	,	PUNCT
fbem-8689	21	28	measurement	measurement	NOUN
fbem-8689	21	29	,	,	PUNCT
fbem-8689	21	30	and	and	CCONJ
fbem-8689	21	31	impact	impact	NOUN
fbem-8689	21	32	of	of	ADP
fbem-8689	21	33	environmental	environmental	ADJ
fbem-8689	21	34	uncertainty	uncertainty	NOUN
fbem-8689	21	35	.	.	PUNCT
fbem-8689	22	1	ducan	ducan	PROPN
fbem-8689	22	2	(	(	PUNCT
fbem-8689	22	3	1972	1972	NUM
fbem-8689	22	4	)	)	PUNCT
fbem-8689	22	5	comprehensively	comprehensively	ADV
fbem-8689	22	6	elaborated	elaborate	VERB
fbem-8689	22	7	on	on	ADP
fbem-8689	22	8	three	three	NUM
fbem-8689	22	9	aspects	aspect	NOUN
fbem-8689	22	10	of	of	ADP
fbem-8689	22	11	corporate	corporate	ADJ
fbem-8689	22	12	decision	decision	NOUN
fbem-8689	22	13	-	-	PUNCT
fbem-8689	22	14	making	making	NOUN
fbem-8689	22	15	.	.	PUNCT
fbem-8689	23	1	environmental	environmental	ADJ
fbem-8689	23	2	uncertainty	uncertainty	NOUN
fbem-8689	23	3	is	be	AUX
fbem-8689	23	4	caused	cause	VERB
fbem-8689	23	5	by	by	ADP
fbem-8689	23	6	the	the	DET
fbem-8689	23	7	lack	lack	NOUN
fbem-8689	23	8	of	of	ADP
fbem-8689	23	9	relevant	relevant	ADJ
fbem-8689	23	10	environmental	environmental	ADJ
fbem-8689	23	11	information	information	NOUN
fbem-8689	23	12	in	in	ADP
fbem-8689	23	13	decision	decision	NOUN
fbem-8689	23	14	-	-	PUNCT
fbem-8689	23	15	making	making	NOUN
fbem-8689	23	16	,	,	PUNCT
fbem-8689	23	17	the	the	DET
fbem-8689	23	18	inability	inability	NOUN
fbem-8689	23	19	to	to	PART
fbem-8689	23	20	make	make	VERB
fbem-8689	23	21	clear	clear	ADJ
fbem-8689	23	22	decision	decision	NOUN
fbem-8689	23	23	results	result	NOUN
fbem-8689	23	24	,	,	PUNCT
fbem-8689	23	25	and	and	CCONJ
fbem-8689	23	26	the	the	DET
fbem-8689	23	27	inability	inability	NOUN
fbem-8689	23	28	to	to	PART
fbem-8689	23	29	accurately	accurately	ADV
fbem-8689	23	30	predict	predict	VERB
fbem-8689	23	31	the	the	DET
fbem-8689	23	32	environment	environment	NOUN
fbem-8689	23	33	.	.	PUNCT
fbem-8689	24	1	in	in	ADP
fbem-8689	24	2	addition	addition	NOUN
fbem-8689	24	3	,	,	PUNCT
fbem-8689	24	4	when	when	SCONJ
fbem-8689	24	5	the	the	DET
fbem-8689	24	6	external	external	ADJ
fbem-8689	24	7	environment	environment	NOUN
fbem-8689	24	8	is	be	AUX
fbem-8689	24	9	more	more	ADV
fbem-8689	24	10	uncertain	uncertain	ADJ
fbem-8689	24	11	,	,	PUNCT
fbem-8689	24	12	it	it	PRON
fbem-8689	24	13	will	will	AUX
fbem-8689	24	14	have	have	VERB
fbem-8689	24	15	a	a	DET
fbem-8689	24	16	negative	negative	ADJ
fbem-8689	24	17	impact	impact	NOUN
fbem-8689	24	18	on	on	ADP
fbem-8689	24	19	the	the	DET
fbem-8689	24	20	enterprise	enterprise	NOUN
fbem-8689	24	21	,	,	PUNCT
fbem-8689	24	22	such	such	ADJ
fbem-8689	24	23	as	as	ADP
fbem-8689	24	24	suppression	suppression	NOUN
fbem-8689	24	25	of	of	ADP
fbem-8689	24	26	corporate	corporate	ADJ
fbem-8689	24	27	innovation	innovation	NOUN
fbem-8689	24	28	(	(	PUNCT
fbem-8689	24	29	y.	y.	PROPN
fbem-8689	24	30	ma	ma	PROPN
fbem-8689	24	31	et	et	PROPN
fbem-8689	24	32	al	al	PROPN
fbem-8689	24	33	.	.	PROPN
fbem-8689	24	34	,	,	PUNCT
fbem-8689	24	35	2022	2022	NUM
fbem-8689	24	36	)	)	PUNCT
fbem-8689	24	37	,	,	PUNCT
fbem-8689	24	38	prompting	prompt	VERB
fbem-8689	24	39	the	the	DET
fbem-8689	24	40	enterprise	enterprise	NOUN
fbem-8689	24	41	to	to	PART
fbem-8689	24	42	increase	increase	VERB
fbem-8689	24	43	equity	equity	NOUN
fbem-8689	24	44	investment	investment	NOUN
fbem-8689	24	45	and	and	CCONJ
fbem-8689	24	46	deteriorate	deteriorate	VERB
fbem-8689	24	47	the	the	DET
fbem-8689	24	48	investment	investment	NOUN
fbem-8689	24	49	structure	structure	NOUN
fbem-8689	24	50	,	,	PUNCT
fbem-8689	24	51	thus	thus	ADV
fbem-8689	24	52	causing	cause	VERB
fbem-8689	24	53	the	the	DET
fbem-8689	24	54	occurrence	occurrence	NOUN
fbem-8689	24	55	of	of	ADP
fbem-8689	24	56	'	'	PUNCT
fbem-8689	24	57	funds	fund	NOUN
fbem-8689	24	58	being	be	AUX
fbem-8689	24	59	diverted	divert	VERB
fbem-8689	24	60	out	out	ADP
fbem-8689	24	61	of	of	ADP
fbem-8689	24	62	the	the	DET
fbem-8689	24	63	real	real	ADJ
fbem-8689	24	64	economy	economy	NOUN
fbem-8689	24	65	'	'	PART
fbem-8689	24	66	situation	situation	NOUN
fbem-8689	24	67	(	(	PUNCT
fbem-8689	24	68	m.	m.	NOUN
fbem-8689	24	69	xing	xing	PROPN
fbem-8689	24	70	et	et	PROPN
fbem-8689	24	71	al	al	PROPN
fbem-8689	24	72	.	.	PUNCT
fbem-8689	25	1	2022)[6][7	2022)[6][7	NUM
fbem-8689	25	2	]	]	X
fbem-8689	25	3	.	.	PUNCT
fbem-8689	26	1	secondly	secondly	ADV
fbem-8689	26	2	,	,	PUNCT
fbem-8689	26	3	the	the	DET
fbem-8689	26	4	concept	concept	NOUN
fbem-8689	26	5	of	of	ADP
fbem-8689	26	6	financial	financial	ADJ
fbem-8689	26	7	flexibility	flexibility	NOUN
fbem-8689	26	8	,	,	PUNCT
fbem-8689	26	9	measurement	measurement	NOUN
fbem-8689	26	10	,	,	PUNCT
fbem-8689	26	11	and	and	CCONJ
fbem-8689	26	12	target	target	VERB
fbem-8689	26	13	financial	financial	ADJ
fbem-8689	26	14	flexibility	flexibility	NOUN
fbem-8689	26	15	-	-	PUNCT
fbem-8689	26	16	related	relate	VERB
fbem-8689	26	17	research	research	NOUN
fbem-8689	26	18	.	.	PUNCT
fbem-8689	27	1	flexibility	flexibility	NOUN
fbem-8689	27	2	is	be	AUX
fbem-8689	27	3	the	the	DET
fbem-8689	27	4	ability	ability	NOUN
fbem-8689	27	5	and	and	CCONJ
fbem-8689	27	6	state	state	NOUN
fbem-8689	27	7	that	that	PRON
fbem-8689	27	8	enables	enable	VERB
fbem-8689	27	9	things	thing	NOUN
fbem-8689	27	10	to	to	PART
fbem-8689	27	11	adjust	adjust	VERB
fbem-8689	27	12	accordingly	accordingly	ADV
fbem-8689	27	13	according	accord	VERB
fbem-8689	27	14	to	to	ADP
fbem-8689	27	15	changes	change	NOUN
fbem-8689	27	16	in	in	ADP
fbem-8689	27	17	the	the	DET
fbem-8689	27	18	external	external	ADJ
fbem-8689	27	19	environment	environment	NOUN
fbem-8689	27	20	.	.	PUNCT
fbem-8689	28	1	flexibility	flexibility	NOUN
fbem-8689	28	2	and	and	CCONJ
fbem-8689	28	3	rigidity	rigidity	NOUN
fbem-8689	28	4	are	be	AUX
fbem-8689	28	5	two	two	NUM
fbem-8689	28	6	completely	completely	ADV
fbem-8689	28	7	different	different	ADJ
fbem-8689	28	8	concepts	concept	NOUN
fbem-8689	28	9	,	,	PUNCT
fbem-8689	28	10	while	while	SCONJ
fbem-8689	28	11	flexibility	flexibility	NOUN
fbem-8689	28	12	and	and	CCONJ
fbem-8689	28	13	elasticity	elasticity	NOUN
fbem-8689	28	14	.	.	PUNCT
fbem-8689	29	1	the	the	DET
fbem-8689	29	2	concept	concept	NOUN
fbem-8689	29	3	is	be	AUX
fbem-8689	29	4	also	also	ADV
fbem-8689	29	5	very	very	ADV
fbem-8689	29	6	different	different	ADJ
fbem-8689	29	7	.	.	PUNCT
fbem-8689	30	1	firms	firm	NOUN
fbem-8689	30	2	can	can	AUX
fbem-8689	30	3	change	change	VERB
fbem-8689	30	4	their	their	PRON
fbem-8689	30	5	financial	financial	ADJ
fbem-8689	30	6	resilience	resilience	NOUN
fbem-8689	30	7	by	by	ADP
fbem-8689	30	8	adjusting	adjust	VERB
fbem-8689	30	9	their	their	PRON
fbem-8689	30	10	capital	capital	NOUN
fbem-8689	30	11	structure	structure	NOUN
fbem-8689	30	12	and	and	CCONJ
fbem-8689	30	13	financing	financing	NOUN
fbem-8689	30	14	regime	regime	NOUN
fbem-8689	30	15	,	,	PUNCT
fbem-8689	30	16	and	and	CCONJ
fbem-8689	30	17	this	this	DET
fbem-8689	30	18	change	change	NOUN
fbem-8689	30	19	is	be	AUX
fbem-8689	30	20	usually	usually	ADV
fbem-8689	30	21	quantifiable	quantifiable	ADJ
fbem-8689	30	22	.	.	PUNCT
fbem-8689	31	1	deangelo	deangelo	PROPN
fbem-8689	31	2	and	and	CCONJ
fbem-8689	31	3	deangelo	deangelo	PROPN
fbem-8689	31	4	(	(	PUNCT
fbem-8689	31	5	2007	2007	NUM
fbem-8689	31	6	)	)	PUNCT
fbem-8689	31	7	divided	divide	VERB
fbem-8689	31	8	financial	financial	ADJ
fbem-8689	31	9	flexibility	flexibility	NOUN
fbem-8689	31	10	into	into	ADP
fbem-8689	31	11	cash	cash	NOUN
fbem-8689	31	12	flexibility	flexibility	NOUN
fbem-8689	31	13	,	,	PUNCT
fbem-8689	31	14	debt	debt	NOUN
fbem-8689	31	15	flexibility	flexibility	NOUN
fbem-8689	31	16	,	,	PUNCT
fbem-8689	31	17	and	and	CCONJ
fbem-8689	31	18	equity	equity	NOUN
fbem-8689	31	19	flexibility	flexibility	NOUN
fbem-8689	31	20	from	from	ADP
fbem-8689	31	21	the	the	DET
fbem-8689	31	22	perspective	perspective	NOUN
fbem-8689	31	23	of	of	ADP
fbem-8689	31	24	financial	financial	ADJ
fbem-8689	31	25	flexibility	flexibility	NOUN
fbem-8689	31	26	.	.	PUNCT
fbem-8689	32	1	for	for	ADP
fbem-8689	32	2	domestic	domestic	ADJ
fbem-8689	32	3	-	-	PUNCT
fbem-8689	32	4	related	relate	VERB
fbem-8689	32	5	fields	field	NOUN
fbem-8689	32	6	,	,	PUNCT
fbem-8689	32	7	the	the	DET
fbem-8689	32	8	study	study	NOUN
fbem-8689	32	9	of	of	ADP
fbem-8689	32	10	financial	financial	ADJ
fbem-8689	32	11	flexibility	flexibility	NOUN
fbem-8689	32	12	started	start	VERB
fbem-8689	32	13	relatively	relatively	ADV
fbem-8689	32	14	late	late	ADV
fbem-8689	32	15	,	,	PUNCT
fbem-8689	32	16	the	the	DET
fbem-8689	32	17	development	development	NOUN
fbem-8689	32	18	of	of	ADP
fbem-8689	32	19	rapid	rapid	ADJ
fbem-8689	32	20	,	,	PUNCT
fbem-8689	32	21	and	and	CCONJ
fbem-8689	32	22	in	in	ADP
fbem-8689	32	23	line	line	NOUN
fbem-8689	32	24	with	with	ADP
fbem-8689	32	25	our	our	PRON
fbem-8689	32	26	country	country	NOUN
fbem-8689	32	27	on	on	ADP
fbem-8689	32	28	the	the	DET
fbem-8689	32	29	basis	basis	NOUN
fbem-8689	32	30	of	of	ADP
fbem-8689	32	31	the	the	DET
fbem-8689	32	32	actual	actual	ADJ
fbem-8689	32	33	innovation	innovation	NOUN
fbem-8689	32	34	.	.	PUNCT
fbem-8689	33	1	in	in	ADP
fbem-8689	33	2	2011	2011	NUM
fbem-8689	33	3	,	,	PUNCT
fbem-8689	33	4	a.m.	a.m.	PROPN
fbem-8689	33	5	zeng	zeng	PROPN
fbem-8689	33	6	and	and	CCONJ
fbem-8689	33	7	y.l	y.l	PROPN
fbem-8689	33	8	.	.	PROPN
fbem-8689	33	9	fu	fu	PROPN
fbem-8689	33	10	et	et	PROPN
fbem-8689	33	11	al	al	PROPN
fbem-8689	33	12	published	publish	VERB
fbem-8689	33	13	an	an	DET
fbem-8689	33	14	article	article	NOUN
fbem-8689	33	15	on	on	ADP
fbem-8689	33	16	financial	financial	ADJ
fbem-8689	33	17	research	research	NOUN
fbem-8689	33	18	to	to	PART
fbem-8689	33	19	demonstrate	demonstrate	VERB
fbem-8689	33	20	the	the	DET
fbem-8689	33	21	relationship	relationship	NOUN
fbem-8689	33	22	between	between	ADP
fbem-8689	33	23	enterprise	enterprise	NOUN
fbem-8689	33	24	financing	financing	NOUN
fbem-8689	33	25	behavior	behavior	NOUN
fbem-8689	33	26	,	,	PUNCT
fbem-8689	33	27	financial	financial	ADJ
fbem-8689	33	28	crisis	crisis	NOUN
fbem-8689	33	29	impact	impact	NOUN
fbem-8689	33	30	,	,	PUNCT
fbem-8689	33	31	and	and	CCONJ
fbem-8689	33	32	financial	financial	ADJ
fbem-8689	33	33	249	249	NUM
fbem-8689	33	34	flexibility	flexibility	NOUN
fbem-8689	33	35	reserve	reserve	NOUN
fbem-8689	33	36	,	,	PUNCT
fbem-8689	33	37	they	they	PRON
fbem-8689	33	38	used	use	VERB
fbem-8689	33	39	the	the	DET
fbem-8689	33	40	multiple	multiple	ADJ
fbem-8689	33	41	regression	regression	NOUN
fbem-8689	33	42	method	method	NOUN
fbem-8689	33	43	for	for	ADP
fbem-8689	33	44	the	the	DET
fbem-8689	33	45	first	first	ADJ
fbem-8689	33	46	time	time	NOUN
fbem-8689	33	47	to	to	PART
fbem-8689	33	48	study	study	VERB
fbem-8689	33	49	the	the	DET
fbem-8689	33	50	influence	influence	NOUN
fbem-8689	33	51	of	of	ADP
fbem-8689	33	52	pre	pre	ADJ
fbem-8689	33	53	-	-	ADJ
fbem-8689	33	54	reserved	reserved	ADJ
fbem-8689	33	55	financial	financial	ADJ
fbem-8689	33	56	flexibility	flexibility	NOUN
fbem-8689	33	57	of	of	ADP
fbem-8689	33	58	enterprises	enterprise	NOUN
fbem-8689	33	59	on	on	ADP
fbem-8689	33	60	their	their	PRON
fbem-8689	33	61	financing	financing	NOUN
fbem-8689	33	62	behavior	behavior	NOUN
fbem-8689	33	63	under	under	ADP
fbem-8689	33	64	adverse	adverse	ADJ
fbem-8689	33	65	environment[8	environment[8	NOUN
fbem-8689	33	66	]	]	PUNCT
fbem-8689	33	67	.	.	PUNCT
fbem-8689	34	1	however	however	ADV
fbem-8689	34	2	,	,	PUNCT
fbem-8689	34	3	it	it	PRON
fbem-8689	34	4	has	have	AUX
fbem-8689	34	5	not	not	PART
fbem-8689	34	6	completely	completely	ADV
fbem-8689	34	7	solved	solve	VERB
fbem-8689	34	8	the	the	DET
fbem-8689	34	9	problem	problem	NOUN
fbem-8689	34	10	of	of	ADP
fbem-8689	34	11	how	how	SCONJ
fbem-8689	34	12	to	to	PART
fbem-8689	34	13	select	select	VERB
fbem-8689	34	14	appropriate	appropriate	ADJ
fbem-8689	34	15	financial	financial	ADJ
fbem-8689	34	16	policies	policy	NOUN
fbem-8689	34	17	and	and	CCONJ
fbem-8689	34	18	reserve	reserve	VERB
fbem-8689	34	19	financial	financial	ADJ
fbem-8689	34	20	flexibility	flexibility	NOUN
fbem-8689	34	21	appropriately	appropriately	ADV
fbem-8689	34	22	.	.	PUNCT
fbem-8689	35	1	finally	finally	ADV
fbem-8689	35	2	,	,	PUNCT
fbem-8689	35	3	the	the	DET
fbem-8689	35	4	research	research	NOUN
fbem-8689	35	5	focuses	focus	VERB
fbem-8689	35	6	on	on	ADP
fbem-8689	35	7	environmental	environmental	ADJ
fbem-8689	35	8	uncertainty	uncertainty	NOUN
fbem-8689	35	9	and	and	CCONJ
fbem-8689	35	10	financial	financial	ADJ
fbem-8689	35	11	flexibility	flexibility	NOUN
fbem-8689	35	12	.	.	PUNCT
fbem-8689	36	1	studies	study	NOUN
fbem-8689	36	2	on	on	ADP
fbem-8689	36	3	the	the	DET
fbem-8689	36	4	relationship	relationship	NOUN
fbem-8689	36	5	between	between	ADP
fbem-8689	36	6	the	the	DET
fbem-8689	36	7	two	two	NUM
fbem-8689	36	8	are	be	AUX
fbem-8689	36	9	usually	usually	ADV
fbem-8689	36	10	carried	carry	VERB
fbem-8689	36	11	out	out	ADP
fbem-8689	36	12	based	base	VERB
fbem-8689	36	13	on	on	ADP
fbem-8689	36	14	the	the	DET
fbem-8689	36	15	behaviors	behavior	NOUN
fbem-8689	36	16	of	of	ADP
fbem-8689	36	17	listed	list	VERB
fbem-8689	36	18	companies	company	NOUN
fbem-8689	36	19	,	,	PUNCT
fbem-8689	36	20	such	such	ADJ
fbem-8689	36	21	as	as	ADP
fbem-8689	36	22	cash	cash	NOUN
fbem-8689	36	23	dividend	dividend	NOUN
fbem-8689	36	24	distribution	distribution	NOUN
fbem-8689	36	25	(	(	PUNCT
fbem-8689	36	26	k.l	k.l	PROPN
fbem-8689	36	27	.	.	PROPN
fbem-8689	36	28	deng	deng	PROPN
fbem-8689	36	29	and	and	CCONJ
fbem-8689	36	30	m.x	m.x	PROPN
fbem-8689	36	31	.	.	PROPN
fbem-8689	36	32	liu	liu	PROPN
fbem-8689	36	33	,	,	PUNCT
fbem-8689	36	34	2013	2013	NUM
fbem-8689	36	35	)	)	PUNCT
fbem-8689	36	36	,	,	PUNCT
fbem-8689	36	37	mortgage	mortgage	NOUN
fbem-8689	36	38	financing	financing	NOUN
fbem-8689	36	39	(	(	PUNCT
fbem-8689	36	40	m.x	m.x	PROPN
fbem-8689	36	41	.	.	PROPN
fbem-8689	36	42	liu	liu	PROPN
fbem-8689	36	43	and	and	CCONJ
fbem-8689	36	44	x.h	x.h	PROPN
fbem-8689	36	45	.	.	PROPN
fbem-8689	36	46	xiang	xiang	PROPN
fbem-8689	36	47	,	,	PUNCT
fbem-8689	36	48	2014	2014	NUM
fbem-8689	36	49	)	)	PUNCT
fbem-8689	36	50	,	,	PUNCT
fbem-8689	36	51	corporate	corporate	ADJ
fbem-8689	36	52	value	value	NOUN
fbem-8689	36	53	enhancement	enhancement	NOUN
fbem-8689	36	54	(	(	PUNCT
fbem-8689	36	55	h.x	h.x	PROPN
fbem-8689	36	56	.	.	PROPN
fbem-8689	36	57	tong	tong	PROPN
fbem-8689	36	58	,	,	PUNCT
fbem-8689	36	59	2021	2021	NUM
fbem-8689	36	60	;	;	PUNCT
fbem-8689	36	61	a.q	a.q	PROPN
fbem-8689	36	62	.	.	PROPN
fbem-8689	36	63	wang	wang	PROPN
fbem-8689	36	64	and	and	CCONJ
fbem-8689	36	65	w.p	w.p	PROPN
fbem-8689	36	66	.	.	PROPN
fbem-8689	36	67	tang	tang	PROPN
fbem-8689	36	68	,	,	PUNCT
fbem-8689	36	69	2017	2017	NUM
fbem-8689	36	70	;	;	PUNCT
fbem-8689	36	71	r.h	r.h	PROPN
fbem-8689	36	72	.	.	PROPN
fbem-8689	36	73	yang	yang	PROPN
fbem-8689	36	74	and	and	CCONJ
fbem-8689	36	75	z.	z.	PROPN
fbem-8689	36	76	huang	huang	PROPN
fbem-8689	36	77	,	,	PUNCT
fbem-8689	36	78	2016	2016	NUM
fbem-8689	36	79	;	;	PUNCT
fbem-8689	36	80	c.	c.	PROPN
fbem-8689	36	81	liu	liu	PROPN
fbem-8689	36	82	et	et	PROPN
fbem-8689	36	83	al	al	PROPN
fbem-8689	36	84	.	.	PROPN
fbem-8689	36	85	,	,	PUNCT
fbem-8689	36	86	2016	2016	NUM
fbem-8689	36	87	)	)	PUNCT
fbem-8689	36	88	,	,	PUNCT
fbem-8689	36	89	r&d	r&d	NOUN
fbem-8689	36	90	investment	investment	NOUN
fbem-8689	36	91	(	(	PUNCT
fbem-8689	36	92	f.	f.	PROPN
fbem-8689	36	93	chen	chen	PROPN
fbem-8689	36	94	and	and	CCONJ
fbem-8689	36	95	x.y	x.y	PROPN
fbem-8689	36	96	.	.	PROPN
fbem-8689	36	97	han	han	PROPN
fbem-8689	36	98	,	,	PUNCT
fbem-8689	36	99	2018	2018	NUM
fbem-8689	36	100	)	)	PUNCT
fbem-8689	36	101	,	,	PUNCT
fbem-8689	36	102	diversification	diversification	NOUN
fbem-8689	36	103	strategy	strategy	NOUN
fbem-8689	36	104	(	(	PUNCT
fbem-8689	36	105	y.m	y.m	PROPN
fbem-8689	36	106	.	.	PROPN
fbem-8689	36	107	fu	fu	PROPN
fbem-8689	36	108	et	et	PROPN
fbem-8689	36	109	al	al	PROPN
fbem-8689	36	110	.	.	PROPN
fbem-8689	36	111	,	,	PUNCT
fbem-8689	36	112	2019	2019	NUM
fbem-8689	36	113	)	)	PUNCT
fbem-8689	36	114	,	,	PUNCT
fbem-8689	36	115	etc[9][16	etc[9][16	PROPN
fbem-8689	36	116	]	]	PUNCT
fbem-8689	36	117	.	.	PUNCT
fbem-8689	37	1	at	at	ADP
fbem-8689	37	2	the	the	DET
fbem-8689	37	3	same	same	ADJ
fbem-8689	37	4	time	time	NOUN
fbem-8689	37	5	,	,	PUNCT
fbem-8689	37	6	part	part	NOUN
fbem-8689	37	7	of	of	ADP
fbem-8689	37	8	the	the	DET
fbem-8689	37	9	research	research	NOUN
fbem-8689	37	10	on	on	ADP
fbem-8689	37	11	the	the	DET
fbem-8689	37	12	relationship	relationship	NOUN
fbem-8689	37	13	between	between	ADP
fbem-8689	37	14	them	they	PRON
fbem-8689	37	15	takes	take	VERB
fbem-8689	37	16	environmental	environmental	ADJ
fbem-8689	37	17	uncertainty	uncertainty	NOUN
fbem-8689	37	18	and	and	CCONJ
fbem-8689	37	19	financial	financial	ADJ
fbem-8689	37	20	flexibility	flexibility	NOUN
fbem-8689	37	21	as	as	ADP
fbem-8689	37	22	moderating	moderate	VERB
fbem-8689	37	23	variables	variable	NOUN
fbem-8689	37	24	,	,	PUNCT
fbem-8689	37	25	so	so	SCONJ
fbem-8689	37	26	as	as	SCONJ
fbem-8689	37	27	to	to	PART
fbem-8689	37	28	study	study	VERB
fbem-8689	37	29	the	the	DET
fbem-8689	37	30	influence	influence	NOUN
fbem-8689	37	31	of	of	ADP
fbem-8689	37	32	their	their	PRON
fbem-8689	37	33	joint	joint	ADJ
fbem-8689	37	34	moderating	moderate	VERB
fbem-8689	37	35	effect	effect	NOUN
fbem-8689	37	36	on	on	ADP
fbem-8689	37	37	a	a	DET
fbem-8689	37	38	series	series	NOUN
fbem-8689	37	39	of	of	ADP
fbem-8689	37	40	corporate	corporate	ADJ
fbem-8689	37	41	behaviors	behavior	NOUN
fbem-8689	37	42	such	such	ADJ
fbem-8689	37	43	as	as	ADP
fbem-8689	37	44	enterprise	enterprise	NOUN
fbem-8689	37	45	innovation	innovation	NOUN
fbem-8689	37	46	(	(	PUNCT
fbem-8689	37	47	w.h	w.h	PROPN
fbem-8689	37	48	.	.	PROPN
fbem-8689	37	49	wang	wang	PROPN
fbem-8689	37	50	et	et	PROPN
fbem-8689	37	51	al	al	PROPN
fbem-8689	37	52	.	.	PROPN
fbem-8689	37	53	,	,	PUNCT
fbem-8689	37	54	2021	2021	NUM
fbem-8689	37	55	;	;	PUNCT
fbem-8689	37	56	x.g	x.g	PROPN
fbem-8689	37	57	.	.	PROPN
fbem-8689	37	58	wang	wang	PROPN
fbem-8689	37	59	and	and	CCONJ
fbem-8689	37	60	y.h	y.h	PROPN
fbem-8689	37	61	.	.	PROPN
fbem-8689	37	62	sheng	sheng	PROPN
fbem-8689	37	63	,	,	PUNCT
fbem-8689	37	64	2021	2021	NUM
fbem-8689	37	65	;	;	PUNCT
fbem-8689	37	66	y.m	y.m	PROPN
fbem-8689	37	67	.	.	PROPN
fbem-8689	37	68	sun	sun	PROPN
fbem-8689	37	69	and	and	CCONJ
fbem-8689	37	70	g.t	g.t	PROPN
fbem-8689	37	71	.	.	PROPN
fbem-8689	37	72	zhang	zhang	PROPN
fbem-8689	37	73	,	,	PUNCT
fbem-8689	37	74	2020[17][19	2020[17][19	NUM
fbem-8689	37	75	]	]	PUNCT
fbem-8689	37	76	.	.	PUNCT
fbem-8689	38	1	3	3	X
fbem-8689	38	2	.	.	X
fbem-8689	38	3	theoretical	theoretical	ADJ
fbem-8689	38	4	analysis	analysis	NOUN
fbem-8689	38	5	and	and	CCONJ
fbem-8689	38	6	research	research	NOUN
fbem-8689	38	7	hypothesis	hypothesis	NOUN
fbem-8689	38	8	3.1	3.1	NUM
fbem-8689	38	9	.	.	PUNCT
fbem-8689	39	1	environmental	environmental	ADJ
fbem-8689	39	2	uncertainty	uncertainty	NOUN
fbem-8689	39	3	promotes	promote	VERB
fbem-8689	39	4	dynamic	dynamic	ADJ
fbem-8689	39	5	adjustment	adjustment	NOUN
fbem-8689	39	6	of	of	ADP
fbem-8689	39	7	enterprise	enterprise	NOUN
fbem-8689	39	8	financial	financial	ADJ
fbem-8689	39	9	flexibility	flexibility	NOUN
fbem-8689	39	10	in	in	ADP
fbem-8689	39	11	the	the	DET
fbem-8689	39	12	rapid	rapid	ADJ
fbem-8689	39	13	development	development	NOUN
fbem-8689	39	14	of	of	ADP
fbem-8689	39	15	the	the	DET
fbem-8689	39	16	internet	internet	NOUN
fbem-8689	39	17	era	era	NOUN
fbem-8689	39	18	,	,	PUNCT
fbem-8689	39	19	enterprises	enterprise	NOUN
fbem-8689	39	20	are	be	AUX
fbem-8689	39	21	faced	face	VERB
fbem-8689	39	22	with	with	ADP
fbem-8689	39	23	increasing	increase	VERB
fbem-8689	39	24	environmental	environmental	ADJ
fbem-8689	39	25	uncertainty	uncertainty	NOUN
fbem-8689	39	26	,	,	PUNCT
fbem-8689	39	27	which	which	PRON
fbem-8689	39	28	has	have	VERB
fbem-8689	39	29	an	an	DET
fbem-8689	39	30	impact	impact	NOUN
fbem-8689	39	31	on	on	ADP
fbem-8689	39	32	the	the	DET
fbem-8689	39	33	financial	financial	ADJ
fbem-8689	39	34	flexibility	flexibility	NOUN
fbem-8689	39	35	management	management	NOUN
fbem-8689	39	36	of	of	ADP
fbem-8689	39	37	enterprises	enterprise	NOUN
fbem-8689	39	38	.	.	PUNCT
fbem-8689	40	1	in	in	ADP
fbem-8689	40	2	the	the	DET
fbem-8689	40	3	process	process	NOUN
fbem-8689	40	4	of	of	ADP
fbem-8689	40	5	operation	operation	NOUN
fbem-8689	40	6	and	and	CCONJ
fbem-8689	40	7	development	development	NOUN
fbem-8689	40	8	,	,	PUNCT
fbem-8689	40	9	enterprises	enterprise	NOUN
fbem-8689	40	10	will	will	AUX
fbem-8689	40	11	inevitably	inevitably	ADV
fbem-8689	40	12	face	face	VERB
fbem-8689	40	13	various	various	ADJ
fbem-8689	40	14	uncertainties	uncertainty	NOUN
fbem-8689	40	15	.	.	PUNCT
fbem-8689	41	1	for	for	ADP
fbem-8689	41	2	this	this	DET
fbem-8689	41	3	reason	reason	NOUN
fbem-8689	41	4	,	,	PUNCT
fbem-8689	41	5	it	it	PRON
fbem-8689	41	6	is	be	AUX
fbem-8689	41	7	particularly	particularly	ADV
fbem-8689	41	8	important	important	ADJ
fbem-8689	41	9	for	for	SCONJ
fbem-8689	41	10	enterprises	enterprise	NOUN
fbem-8689	41	11	to	to	PART
fbem-8689	41	12	establish	establish	VERB
fbem-8689	41	13	financial	financial	ADJ
fbem-8689	41	14	flexibility	flexibility	NOUN
fbem-8689	41	15	suitable	suitable	ADJ
fbem-8689	41	16	for	for	ADP
fbem-8689	41	17	themselves	themselves	PRON
fbem-8689	41	18	and	and	CCONJ
fbem-8689	41	19	make	make	VERB
fbem-8689	41	20	timely	timely	ADJ
fbem-8689	41	21	adjustments	adjustment	NOUN
fbem-8689	41	22	according	accord	VERB
fbem-8689	41	23	to	to	ADP
fbem-8689	41	24	the	the	DET
fbem-8689	41	25	changes	change	NOUN
fbem-8689	41	26	of	of	ADP
fbem-8689	41	27	environmental	environmental	ADJ
fbem-8689	41	28	uncertainties	uncertainty	NOUN
fbem-8689	41	29	.	.	PUNCT
fbem-8689	42	1	for	for	ADP
fbem-8689	42	2	enterprises	enterprise	NOUN
fbem-8689	42	3	,	,	PUNCT
fbem-8689	42	4	in	in	ADP
fbem-8689	42	5	the	the	DET
fbem-8689	42	6	face	face	NOUN
fbem-8689	42	7	of	of	ADP
fbem-8689	42	8	environmental	environmental	ADJ
fbem-8689	42	9	uncertainties	uncertainty	NOUN
fbem-8689	42	10	,	,	PUNCT
fbem-8689	42	11	if	if	SCONJ
fbem-8689	42	12	they	they	PRON
fbem-8689	42	13	want	want	VERB
fbem-8689	42	14	to	to	PART
fbem-8689	42	15	survive	survive	VERB
fbem-8689	42	16	and	and	CCONJ
fbem-8689	42	17	develop	develop	VERB
fbem-8689	42	18	in	in	ADP
fbem-8689	42	19	the	the	DET
fbem-8689	42	20	fierce	fierce	ADJ
fbem-8689	42	21	competition	competition	NOUN
fbem-8689	42	22	,	,	PUNCT
fbem-8689	42	23	it	it	PRON
fbem-8689	42	24	is	be	AUX
fbem-8689	42	25	very	very	ADV
fbem-8689	42	26	necessary	necessary	ADJ
fbem-8689	42	27	to	to	PART
fbem-8689	42	28	adjust	adjust	VERB
fbem-8689	42	29	one	one	PRON
fbem-8689	42	30	's	's	PART
fbem-8689	42	31	financial	financial	ADJ
fbem-8689	42	32	level	level	NOUN
fbem-8689	42	33	at	at	ADP
fbem-8689	42	34	any	any	DET
fbem-8689	42	35	time	time	NOUN
fbem-8689	42	36	according	accord	VERB
fbem-8689	42	37	to	to	ADP
fbem-8689	42	38	environmental	environmental	ADJ
fbem-8689	42	39	changes	change	NOUN
fbem-8689	42	40	.	.	PUNCT
fbem-8689	43	1	in	in	ADP
fbem-8689	43	2	general	general	ADJ
fbem-8689	43	3	,	,	PUNCT
fbem-8689	43	4	the	the	DET
fbem-8689	43	5	dynamic	dynamic	ADJ
fbem-8689	43	6	adjustment	adjustment	NOUN
fbem-8689	43	7	speed	speed	NOUN
fbem-8689	43	8	of	of	ADP
fbem-8689	43	9	the	the	DET
fbem-8689	43	10	financial	financial	ADJ
fbem-8689	43	11	flexibility	flexibility	NOUN
fbem-8689	43	12	of	of	ADP
fbem-8689	43	13	enterprises	enterprise	NOUN
fbem-8689	43	14	will	will	AUX
fbem-8689	43	15	increase	increase	VERB
fbem-8689	43	16	with	with	ADP
fbem-8689	43	17	the	the	DET
fbem-8689	43	18	existence	existence	NOUN
fbem-8689	43	19	of	of	ADP
fbem-8689	43	20	environmental	environmental	ADJ
fbem-8689	43	21	uncertainties	uncertainty	NOUN
fbem-8689	43	22	.	.	PUNCT
fbem-8689	44	1	therefore	therefore	ADV
fbem-8689	44	2	,	,	PUNCT
fbem-8689	44	3	the	the	DET
fbem-8689	44	4	hypothesis	hypothesis	NOUN
fbem-8689	44	5	proposed	propose	VERB
fbem-8689	44	6	in	in	ADP
fbem-8689	44	7	this	this	DET
fbem-8689	44	8	paper	paper	NOUN
fbem-8689	44	9	is	be	AUX
fbem-8689	44	10	as	as	SCONJ
fbem-8689	44	11	follows	follow	VERB
fbem-8689	44	12	:	:	PUNCT
fbem-8689	44	13	hypothesis	hypothesis	NOUN
fbem-8689	44	14	1	1	NUM
fbem-8689	44	15	:	:	PUNCT
fbem-8689	44	16	the	the	DET
fbem-8689	44	17	dynamic	dynamic	ADJ
fbem-8689	44	18	adjustment	adjustment	NOUN
fbem-8689	44	19	speed	speed	NOUN
fbem-8689	44	20	of	of	ADP
fbem-8689	44	21	the	the	DET
fbem-8689	44	22	financial	financial	ADJ
fbem-8689	44	23	flexibility	flexibility	NOUN
fbem-8689	44	24	of	of	ADP
fbem-8689	44	25	enterprises	enterprise	NOUN
fbem-8689	44	26	will	will	AUX
fbem-8689	44	27	increase	increase	VERB
fbem-8689	44	28	with	with	ADP
fbem-8689	44	29	the	the	DET
fbem-8689	44	30	increase	increase	NOUN
fbem-8689	44	31	of	of	ADP
fbem-8689	44	32	environmental	environmental	ADJ
fbem-8689	44	33	uncertainty	uncertainty	NOUN
fbem-8689	44	34	so	so	SCONJ
fbem-8689	44	35	that	that	SCONJ
fbem-8689	44	36	there	there	PRON
fbem-8689	44	37	is	be	VERB
fbem-8689	44	38	a	a	DET
fbem-8689	44	39	certain	certain	ADJ
fbem-8689	44	40	positive	positive	ADJ
fbem-8689	44	41	correlation	correlation	NOUN
fbem-8689	44	42	between	between	ADP
fbem-8689	44	43	them	they	PRON
fbem-8689	44	44	.	.	PUNCT
fbem-8689	45	1	3.2	3.2	NUM
fbem-8689	45	2	.	.	PUNCT
fbem-8689	46	1	the	the	DET
fbem-8689	46	2	change	change	NOUN
fbem-8689	46	3	of	of	ADP
fbem-8689	46	4	environmental	environmental	ADJ
fbem-8689	46	5	uncertainty	uncertainty	NOUN
fbem-8689	46	6	promotes	promote	VERB
fbem-8689	46	7	the	the	DET
fbem-8689	46	8	dynamic	dynamic	ADJ
fbem-8689	46	9	adjustment	adjustment	NOUN
fbem-8689	46	10	of	of	ADP
fbem-8689	46	11	enterprise	enterprise	NOUN
fbem-8689	46	12	financial	financial	ADJ
fbem-8689	46	13	flexibility	flexibility	NOUN
fbem-8689	46	14	according	accord	VERB
fbem-8689	46	15	to	to	ADP
fbem-8689	46	16	the	the	DET
fbem-8689	46	17	main	main	ADJ
fbem-8689	46	18	content	content	NOUN
fbem-8689	46	19	of	of	ADP
fbem-8689	46	20	hypothesis	hypothesis	NOUN
fbem-8689	46	21	1	1	NUM
fbem-8689	46	22	,	,	PUNCT
fbem-8689	46	23	it	it	PRON
fbem-8689	46	24	can	can	AUX
fbem-8689	46	25	be	be	AUX
fbem-8689	46	26	preliminarily	preliminarily	ADV
fbem-8689	46	27	judged	judge	VERB
fbem-8689	46	28	that	that	SCONJ
fbem-8689	46	29	environmental	environmental	ADJ
fbem-8689	46	30	uncertainty	uncertainty	NOUN
fbem-8689	46	31	has	have	VERB
fbem-8689	46	32	a	a	DET
fbem-8689	46	33	positive	positive	ADJ
fbem-8689	46	34	promoting	promote	VERB
fbem-8689	46	35	effect	effect	NOUN
fbem-8689	46	36	on	on	ADP
fbem-8689	46	37	the	the	DET
fbem-8689	46	38	dynamic	dynamic	ADJ
fbem-8689	46	39	adjustment	adjustment	NOUN
fbem-8689	46	40	speed	speed	NOUN
fbem-8689	46	41	of	of	ADP
fbem-8689	46	42	financial	financial	ADJ
fbem-8689	46	43	flexibility	flexibility	NOUN
fbem-8689	46	44	,	,	PUNCT
fbem-8689	46	45	but	but	CCONJ
fbem-8689	46	46	this	this	DET
fbem-8689	46	47	hypothesis	hypothesis	NOUN
fbem-8689	46	48	only	only	ADV
fbem-8689	46	49	takes	take	VERB
fbem-8689	46	50	the	the	DET
fbem-8689	46	51	current	current	ADJ
fbem-8689	46	52	environmental	environmental	ADJ
fbem-8689	46	53	uncertainty	uncertainty	NOUN
fbem-8689	46	54	as	as	ADP
fbem-8689	46	55	the	the	DET
fbem-8689	46	56	starting	starting	NOUN
fbem-8689	46	57	point	point	NOUN
fbem-8689	46	58	,	,	PUNCT
fbem-8689	46	59	that	that	ADV
fbem-8689	46	60	is	is	ADV
fbem-8689	46	61	,	,	PUNCT
fbem-8689	46	62	to	to	PART
fbem-8689	46	63	study	study	VERB
fbem-8689	46	64	the	the	DET
fbem-8689	46	65	static	static	ADJ
fbem-8689	46	66	influence	influence	NOUN
fbem-8689	46	67	of	of	ADP
fbem-8689	46	68	environmental	environmental	ADJ
fbem-8689	46	69	uncertainty	uncertainty	NOUN
fbem-8689	46	70	on	on	ADP
fbem-8689	46	71	the	the	DET
fbem-8689	46	72	dynamic	dynamic	ADJ
fbem-8689	46	73	adjustment	adjustment	NOUN
fbem-8689	46	74	of	of	ADP
fbem-8689	46	75	enterprise	enterprise	NOUN
fbem-8689	46	76	financial	financial	ADJ
fbem-8689	46	77	flexibility	flexibility	NOUN
fbem-8689	46	78	.	.	PUNCT
fbem-8689	47	1	however	however	ADV
fbem-8689	47	2	,	,	PUNCT
fbem-8689	47	3	the	the	DET
fbem-8689	47	4	impact	impact	NOUN
fbem-8689	47	5	of	of	ADP
fbem-8689	47	6	any	any	DET
fbem-8689	47	7	event	event	NOUN
fbem-8689	47	8	is	be	AUX
fbem-8689	47	9	not	not	PART
fbem-8689	47	10	limited	limit	VERB
fbem-8689	47	11	to	to	ADP
fbem-8689	47	12	the	the	DET
fbem-8689	47	13	current	current	ADJ
fbem-8689	47	14	period	period	NOUN
fbem-8689	47	15	,	,	PUNCT
fbem-8689	47	16	which	which	PRON
fbem-8689	47	17	indicates	indicate	VERB
fbem-8689	47	18	that	that	SCONJ
fbem-8689	47	19	we	we	PRON
fbem-8689	47	20	should	should	AUX
fbem-8689	47	21	pay	pay	VERB
fbem-8689	47	22	proper	proper	ADJ
fbem-8689	47	23	attention	attention	NOUN
fbem-8689	47	24	to	to	ADP
fbem-8689	47	25	the	the	DET
fbem-8689	47	26	dynamic	dynamic	ADJ
fbem-8689	47	27	impact	impact	NOUN
fbem-8689	47	28	,	,	PUNCT
fbem-8689	47	29	and	and	CCONJ
fbem-8689	47	30	further	far	ADV
fbem-8689	47	31	study	study	VERB
fbem-8689	47	32	the	the	DET
fbem-8689	47	33	impact	impact	NOUN
fbem-8689	47	34	of	of	ADP
fbem-8689	47	35	the	the	DET
fbem-8689	47	36	change	change	NOUN
fbem-8689	47	37	of	of	ADP
fbem-8689	47	38	environmental	environmental	ADJ
fbem-8689	47	39	uncertainty	uncertainty	NOUN
fbem-8689	47	40	on	on	ADP
fbem-8689	47	41	the	the	DET
fbem-8689	47	42	dynamic	dynamic	ADJ
fbem-8689	47	43	adjustment	adjustment	NOUN
fbem-8689	47	44	speed	speed	NOUN
fbem-8689	47	45	of	of	ADP
fbem-8689	47	46	financial	financial	ADJ
fbem-8689	47	47	flexibility	flexibility	NOUN
fbem-8689	47	48	.	.	PUNCT
fbem-8689	48	1	if	if	SCONJ
fbem-8689	48	2	the	the	DET
fbem-8689	48	3	enterprise	enterprise	NOUN
fbem-8689	48	4	's	's	PART
fbem-8689	48	5	financial	financial	ADJ
fbem-8689	48	6	flexibility	flexibility	NOUN
fbem-8689	48	7	dynamic	dynamic	ADJ
fbem-8689	48	8	adjustment	adjustment	NOUN
fbem-8689	48	9	speed	speed	NOUN
fbem-8689	48	10	is	be	AUX
fbem-8689	48	11	only	only	ADV
fbem-8689	48	12	affected	affect	VERB
fbem-8689	48	13	by	by	ADP
fbem-8689	48	14	the	the	DET
fbem-8689	48	15	uncertainty	uncertainty	NOUN
fbem-8689	48	16	of	of	ADP
fbem-8689	48	17	the	the	DET
fbem-8689	48	18	current	current	ADJ
fbem-8689	48	19	period	period	NOUN
fbem-8689	48	20	,	,	PUNCT
fbem-8689	48	21	the	the	DET
fbem-8689	48	22	guiding	guide	VERB
fbem-8689	48	23	function	function	NOUN
fbem-8689	48	24	of	of	ADP
fbem-8689	48	25	enterprises	enterprise	NOUN
fbem-8689	48	26	is	be	AUX
fbem-8689	48	27	that	that	SCONJ
fbem-8689	48	28	only	only	ADV
fbem-8689	48	29	the	the	DET
fbem-8689	48	30	current	current	ADJ
fbem-8689	48	31	environmental	environmental	ADJ
fbem-8689	48	32	uncertainties	uncertainty	NOUN
fbem-8689	48	33	can	can	AUX
fbem-8689	48	34	be	be	AUX
fbem-8689	48	35	taken	take	VERB
fbem-8689	48	36	into	into	ADP
fbem-8689	48	37	account	account	NOUN
fbem-8689	48	38	when	when	SCONJ
fbem-8689	48	39	making	make	VERB
fbem-8689	48	40	relevant	relevant	ADJ
fbem-8689	48	41	decisions	decision	NOUN
fbem-8689	48	42	.	.	PUNCT
fbem-8689	49	1	based	base	VERB
fbem-8689	49	2	on	on	ADP
fbem-8689	49	3	the	the	DET
fbem-8689	49	4	above	above	ADJ
fbem-8689	49	5	analysis	analysis	NOUN
fbem-8689	49	6	,	,	PUNCT
fbem-8689	49	7	the	the	DET
fbem-8689	49	8	hypothesis	hypothesis	NOUN
fbem-8689	49	9	proposed	propose	VERB
fbem-8689	49	10	in	in	ADP
fbem-8689	49	11	this	this	DET
fbem-8689	49	12	paper	paper	NOUN
fbem-8689	49	13	is	be	AUX
fbem-8689	49	14	as	as	SCONJ
fbem-8689	49	15	follows	follow	VERB
fbem-8689	49	16	:	:	PUNCT
fbem-8689	49	17	hypothesis	hypothesis	NOUN
fbem-8689	49	18	2	2	NUM
fbem-8689	49	19	:	:	PUNCT
fbem-8689	49	20	the	the	DET
fbem-8689	49	21	speed	speed	NOUN
fbem-8689	49	22	of	of	ADP
fbem-8689	49	23	dynamic	dynamic	ADJ
fbem-8689	49	24	adjustment	adjustment	NOUN
fbem-8689	49	25	of	of	ADP
fbem-8689	49	26	enterprise	enterprise	NOUN
fbem-8689	49	27	financial	financial	ADJ
fbem-8689	49	28	flexibility	flexibility	NOUN
fbem-8689	49	29	will	will	AUX
fbem-8689	49	30	increase	increase	VERB
fbem-8689	49	31	with	with	ADP
fbem-8689	49	32	the	the	DET
fbem-8689	49	33	increase	increase	NOUN
fbem-8689	49	34	of	of	ADP
fbem-8689	49	35	the	the	DET
fbem-8689	49	36	change	change	NOUN
fbem-8689	49	37	range	range	NOUN
fbem-8689	49	38	of	of	ADP
fbem-8689	49	39	environmental	environmental	ADJ
fbem-8689	49	40	uncertainty	uncertainty	NOUN
fbem-8689	49	41	so	so	SCONJ
fbem-8689	49	42	that	that	SCONJ
fbem-8689	49	43	there	there	PRON
fbem-8689	49	44	is	be	VERB
fbem-8689	49	45	a	a	DET
fbem-8689	49	46	certain	certain	ADJ
fbem-8689	49	47	positive	positive	ADJ
fbem-8689	49	48	correlation	correlation	NOUN
fbem-8689	49	49	between	between	ADP
fbem-8689	49	50	the	the	DET
fbem-8689	49	51	two	two	NUM
fbem-8689	49	52	.	.	PUNCT
fbem-8689	50	1	4	4	X
fbem-8689	50	2	.	.	X
fbem-8689	50	3	research	research	NOUN
fbem-8689	50	4	design	design	NOUN
fbem-8689	50	5	4.1	4.1	NUM
fbem-8689	50	6	.	.	PUNCT
fbem-8689	51	1	model	model	NOUN
fbem-8689	51	2	construction	construction	NOUN
fbem-8689	51	3	on	on	ADP
fbem-8689	51	4	the	the	DET
fbem-8689	51	5	basis	basis	NOUN
fbem-8689	51	6	of	of	ADP
fbem-8689	51	7	the	the	DET
fbem-8689	51	8	above	above	ADJ
fbem-8689	51	9	analysis	analysis	NOUN
fbem-8689	51	10	,	,	PUNCT
fbem-8689	51	11	hypothesis	hypothesis	NOUN
fbem-8689	51	12	1	1	NUM
fbem-8689	51	13	and	and	CCONJ
fbem-8689	51	14	hypothesis	hypothesis	NOUN
fbem-8689	51	15	2	2	NUM
fbem-8689	51	16	are	be	AUX
fbem-8689	51	17	tested	test	VERB
fbem-8689	51	18	empirically	empirically	ADV
fbem-8689	51	19	.	.	PUNCT
fbem-8689	52	1	in	in	ADP
fbem-8689	52	2	this	this	DET
fbem-8689	52	3	paper	paper	NOUN
fbem-8689	52	4	,	,	PUNCT
fbem-8689	52	5	after	after	ADP
fbem-8689	52	6	referring	refer	VERB
fbem-8689	52	7	to	to	ADP
fbem-8689	52	8	the	the	DET
fbem-8689	52	9	research	research	NOUN
fbem-8689	52	10	results	result	NOUN
fbem-8689	52	11	of	of	ADP
fbem-8689	52	12	byoun	byoun	NOUN
fbem-8689	52	13	(	(	PUNCT
fbem-8689	52	14	2008	2008	NUM
fbem-8689	52	15	)	)	PUNCT
fbem-8689	52	16	and	and	CCONJ
fbem-8689	52	17	n.	n.	NOUN
fbem-8689	52	18	xu(2016)[20	xu(2016)[20	PROPN
fbem-8689	52	19	]	]	PUNCT
fbem-8689	52	20	,	,	PUNCT
fbem-8689	52	21	etc	etc	X
fbem-8689	52	22	.	.	X
fbem-8689	52	23	,	,	PUNCT
fbem-8689	52	24	a	a	DET
fbem-8689	52	25	financial	financial	ADJ
fbem-8689	52	26	flexible	flexible	ADJ
fbem-8689	52	27	part	part	NOUN
fbem-8689	52	28	adjustment	adjustment	NOUN
fbem-8689	52	29	model	model	NOUN
fbem-8689	52	30	(	(	PUNCT
fbem-8689	52	31	4	4	NUM
fbem-8689	52	32	-	-	SYM
fbem-8689	52	33	1	1	NUM
fbem-8689	52	34	)	)	PUNCT
fbem-8689	52	35	is	be	AUX
fbem-8689	52	36	constructed	construct	VERB
fbem-8689	52	37	:	:	PUNCT
fbem-8689	52	38			PROPN
fbem-8689	52	39			PROPN
fbem-8689	52	40	,	,	PUNCT
fbem-8689	52	41	,	,	PUNCT
fbem-8689	52	42	1	1	NUM
fbem-8689	52	43	i	i	PROPN
fbem-8689	52	44	,	,	PUNCT
fbem-8689	52	45	t	t	PROPN
fbem-8689	52	46	,	,	PUNCT
fbem-8689	52	47	1	1	NUM
fbem-8689	52	48	i	i	NOUN
fbem-8689	52	49	,	,	PUNCT
fbem-8689	52	50	t*i	t*i	NOUN
fbem-8689	52	51	t	t	NOUN
fbem-8689	53	1	i	i	PRON
fbem-8689	53	2	t	t	X
fbem-8689	54	1	i	i	PRON
fbem-8689	54	2	tff	tff	PROPN
fbem-8689	55	1	ff	ff	NUM
fbem-8689	55	2	ff	ff	INTJ
fbem-8689	55	3	ff	ff	ADP
fbem-8689	55	4			PROPN
fbem-8689	55	5			NUM
fbem-8689	56	1			PROPN
fbem-8689	56	2			PROPN
fbem-8689	56	3			X
fbem-8689	56	4	(	(	PUNCT
fbem-8689	56	5	1	1	NUM
fbem-8689	56	6	)	)	PUNCT
fbem-8689	56	7	among	among	ADP
fbem-8689	56	8	them	they	PRON
fbem-8689	56	9	,	,	PUNCT
fbem-8689	56	10	i	i	PRON
fbem-8689	56	11	and	and	CCONJ
fbem-8689	56	12	t	t	PROPN
fbem-8689	56	13	represent	represent	VERB
fbem-8689	56	14	different	different	ADJ
fbem-8689	56	15	enterprises	enterprise	NOUN
fbem-8689	56	16	and	and	CCONJ
fbem-8689	56	17	years	year	NOUN
fbem-8689	56	18	respectively	respectively	ADV
fbem-8689	56	19	,	,	PUNCT
fbem-8689	56	20	ff	ff	NOUN
fbem-8689	56	21	represents	represent	VERB
fbem-8689	56	22	the	the	DET
fbem-8689	56	23	financial	financial	ADJ
fbem-8689	56	24	flexibility	flexibility	NOUN
fbem-8689	56	25	of	of	ADP
fbem-8689	56	26	the	the	DET
fbem-8689	56	27	enterprise	enterprise	NOUN
fbem-8689	56	28	,	,	PUNCT
fbem-8689	56	29	and	and	CCONJ
fbem-8689	56	30	the	the	DET
fbem-8689	56	31	regression	regression	NOUN
fbem-8689	56	32	coefficient	coefficient	NOUN
fbem-8689	56	33	λ	λ	NOUN
fbem-8689	56	34	called	call	VERB
fbem-8689	56	35	financial	financial	ADJ
fbem-8689	56	36	flexible	flexible	ADJ
fbem-8689	56	37	adjustment	adjustment	NOUN
fbem-8689	56	38	speed	speed	NOUN
fbem-8689	56	39	leads	lead	VERB
fbem-8689	56	40	to	to	ADP
fbem-8689	56	41	that	that	DET
fbem-8689	56	42	goal	goal	NOUN
fbem-8689	56	43	.	.	PUNCT
fbem-8689	56	44	0	0	PUNCT
fbem-8689	57	1	<	<	X
fbem-8689	57	2	λ	λ	X
fbem-8689	57	3	<	<	X
fbem-8689	57	4	1	1	NUM
fbem-8689	57	5	,	,	PUNCT
fbem-8689	57	6	reflects	reflect	VERB
fbem-8689	57	7	the	the	DET
fbem-8689	57	8	enterprise	enterprise	NOUN
fbem-8689	57	9	's	's	PART
fbem-8689	57	10	actual	actual	ADJ
fbem-8689	57	11	financial	financial	ADJ
fbem-8689	57	12	flexible	flexible	ADJ
fbem-8689	57	13	part	part	NOUN
fbem-8689	57	14	of	of	ADP
fbem-8689	57	15	a	a	DET
fbem-8689	57	16	year	year	NOUN
fbem-8689	57	17	only	only	ADV
fbem-8689	57	18	can	can	AUX
fbem-8689	57	19	be	be	AUX
fbem-8689	57	20	adjusted	adjust	VERB
fbem-8689	57	21	to	to	ADP
fbem-8689	57	22	the	the	DET
fbem-8689	57	23	target	target	NOUN
fbem-8689	57	24	.	.	PUNCT
fbem-8689	58	1	next	next	ADV
fbem-8689	58	2	,	,	PUNCT
fbem-8689	58	3	substitute	substitute	VERB
fbem-8689	58	4	the	the	DET
fbem-8689	58	5	target	target	NOUN
fbem-8689	58	6	financial	financial	ADJ
fbem-8689	58	7	flexibility	flexibility	NOUN
fbem-8689	58	8	fitting	fitting	NOUN
fbem-8689	58	9	model	model	NOUN
fbem-8689	58	10	(	(	PUNCT
fbem-8689	58	11	2	2	NUM
fbem-8689	58	12	)	)	PUNCT
fbem-8689	58	13	into	into	ADP
fbem-8689	58	14	the	the	DET
fbem-8689	58	15	model	model	NOUN
fbem-8689	58	16	(	(	PUNCT
fbem-8689	58	17	1	1	NUM
fbem-8689	58	18	)	)	PUNCT
fbem-8689	58	19	to	to	PART
fbem-8689	58	20	obtain	obtain	VERB
fbem-8689	58	21	the	the	DET
fbem-8689	58	22	model	model	NOUN
fbem-8689	58	23	(	(	PUNCT
fbem-8689	58	24	3	3	NUM
fbem-8689	58	25	):	):	PUNCT
fbem-8689	58	26	,	,	PUNCT
fbem-8689	58	27	1	1	NUM
fbem-8689	58	28	2	2	NUM
fbem-8689	58	29	3	3	NUM
fbem-8689	58	30	4	4	NUM
fbem-8689	58	31	,	,	PUNCT
fbem-8689	58	32	*	*	PUNCT
fbem-8689	58	33	tan	tan	PROPN
fbem-8689	59	1	+	+	NOUN
fbem-8689	59	2	i	i	PROPN
fbem-8689	59	3	t	t	X
fbem-8689	60	1	i	i	PRON
fbem-8689	60	2	tff	tff	PROPN
fbem-8689	60	3	g	g	PROPN
fbem-8689	60	4	lsize	lsize	NOUN
fbem-8689	60	5	profit	profit	NOUN
fbem-8689	60	6	growth	growth	NOUN
fbem-8689	60	7	year	year	NOUN
fbem-8689	60	8	industry	industry	NOUN
fbem-8689	60	9			PROPN
fbem-8689	60	10			PROPN
fbem-8689	60	11			PROPN
fbem-8689	60	12			PROPN
fbem-8689	60	13			PROPN
fbem-8689	60	14			ADV
fbem-8689	60	15			VERB
fbem-8689	60	16			PROPN
fbem-8689	60	17			PUNCT
fbem-8689	60	18			PUNCT
fbem-8689	60	19			X
fbem-8689	60	20			X
fbem-8689	60	21	(	(	PUNCT
fbem-8689	60	22	2	2	X
fbem-8689	60	23	)	)	PUNCT
fbem-8689	60	24			NOUN
fbem-8689	60	25			PROPN
fbem-8689	60	26	,	,	PUNCT
fbem-8689	60	27	,	,	PUNCT
fbem-8689	60	28	1	1	NUM
fbem-8689	60	29	1	1	NUM
fbem-8689	60	30	2	2	NUM
fbem-8689	60	31	3	3	NUM
fbem-8689	60	32	4	4	NUM
fbem-8689	60	33	,	,	PUNCT
fbem-8689	60	34	+	+	CCONJ
fbem-8689	61	1	1tan	1tan	NUM
fbem-8689	62	1	+	+	NOUN
fbem-8689	62	2	i	i	NOUN
fbem-8689	63	1	t	t	X
fbem-8689	64	1	i	i	PRON
fbem-8689	64	2	t	t	X
fbem-8689	65	1	i	i	PRON
fbem-8689	65	2	t	t	NOUN
fbem-8689	66	1	ff	ff	INTJ
fbem-8689	66	2	ff	ff	NOUN
fbem-8689	66	3	g	g	PROPN
fbem-8689	66	4	lsize	lsize	NOUN
fbem-8689	66	5	profit	profit	NOUN
fbem-8689	66	6	growth	growth	NOUN
fbem-8689	66	7	year	year	NOUN
fbem-8689	66	8	industry	industry	NOUN
fbem-8689	66	9			NOUN
fbem-8689	66	10			X
fbem-8689	66	11			PUNCT
fbem-8689	66	12			PUNCT
fbem-8689	66	13			PUNCT
fbem-8689	67	1			PUNCT
fbem-8689	68	1			PROPN
fbem-8689	68	2			PROPN
fbem-8689	68	3			PUNCT
fbem-8689	68	4			PROPN
fbem-8689	68	5			PROPN
fbem-8689	68	6			PUNCT
fbem-8689	68	7			PUNCT
fbem-8689	68	8			X
fbem-8689	68	9			X
fbem-8689	68	10	(	(	PUNCT
fbem-8689	68	11	3	3	X
fbem-8689	68	12	)	)	PUNCT
fbem-8689	68	13	in	in	ADP
fbem-8689	68	14	order	order	NOUN
fbem-8689	68	15	to	to	PART
fbem-8689	68	16	verify	verify	VERB
fbem-8689	68	17	hypothesis	hypothesis	NOUN
fbem-8689	68	18	1	1	NUM
fbem-8689	68	19	and	and	CCONJ
fbem-8689	68	20	hypothesis	hypothesis	NOUN
fbem-8689	68	21	2	2	NUM
fbem-8689	68	22	,	,	PUNCT
fbem-8689	68	23	this	this	DET
fbem-8689	68	24	paper	paper	NOUN
fbem-8689	68	25	introduces	introduce	VERB
fbem-8689	68	26	environmental	environmental	ADJ
fbem-8689	68	27	uncertainty	uncertainty	NOUN
fbem-8689	68	28	and	and	CCONJ
fbem-8689	68	29	changes	change	NOUN
fbem-8689	68	30	in	in	ADP
fbem-8689	68	31	environmental	environmental	ADJ
fbem-8689	68	32	uncertainty	uncertainty	NOUN
fbem-8689	68	33	based	base	VERB
fbem-8689	68	34	on	on	ADP
fbem-8689	68	35	model	model	NOUN
fbem-8689	68	36	(	(	PUNCT
fbem-8689	68	37	3	3	NUM
fbem-8689	68	38	)	)	PUNCT
fbem-8689	68	39	and	and	CCONJ
fbem-8689	68	40	obtains	obtain	VERB
fbem-8689	68	41	model	model	NOUN
fbem-8689	68	42	(	(	PUNCT
fbem-8689	68	43	4	4	NUM
fbem-8689	68	44	)	)	PUNCT
fbem-8689	68	45	and	and	CCONJ
fbem-8689	68	46	(	(	PUNCT
fbem-8689	68	47	5	5	NUM
fbem-8689	68	48	)	)	PUNCT
fbem-8689	68	49	.	.	PUNCT
fbem-8689	69	1			PROPN
fbem-8689	69	2			PROPN
fbem-8689	69	3	,	,	PUNCT
fbem-8689	69	4	1	1	NUM
fbem-8689	69	5	,	,	PUNCT
fbem-8689	69	6	,	,	PUNCT
fbem-8689	69	7	1	1	NUM
fbem-8689	69	8	,	,	PUNCT
fbem-8689	69	9	1	1	NUM
fbem-8689	69	10	1	1	NUM
fbem-8689	69	11	1	1	NUM
fbem-8689	69	12	2	2	NUM
fbem-8689	69	13	1	1	NUM
fbem-8689	69	14	3	3	NUM
fbem-8689	69	15	1	1	NUM
fbem-8689	69	16	4	4	NUM
fbem-8689	69	17	,	,	PUNCT
fbem-8689	69	18	1	1	NUM
fbem-8689	69	19	+	+	NUM
fbem-8689	69	20	c	c	NOUN
fbem-8689	69	21	tan	tan	NOUN
fbem-8689	70	1	+	+	NOUN
fbem-8689	70	2	i	i	NOUN
fbem-8689	71	1	t	t	X
fbem-8689	72	1	i	i	PRON
fbem-8689	72	2	t	t	X
fbem-8689	73	1	i	i	PRON
fbem-8689	73	2	t	t	X
fbem-8689	74	1	i	i	PRON
fbem-8689	74	2	t	t	X
fbem-8689	75	1	i	i	PRON
fbem-8689	75	2	t	t	NOUN
fbem-8689	75	3	ff	ff	NUM
fbem-8689	75	4	u	u	NOUN
fbem-8689	75	5	ff	ff	INTJ
fbem-8689	75	6	uc	uc	INTJ
fbem-8689	75	7	g	g	PROPN
fbem-8689	75	8	lsize	lsize	NOUN
fbem-8689	75	9	profit	profit	NOUN
fbem-8689	75	10	growth	growth	NOUN
fbem-8689	75	11	year	year	NOUN
fbem-8689	75	12	industry	industry	NOUN
fbem-8689	75	13			X
fbem-8689	75	14			PUNCT
fbem-8689	75	15			NUM
fbem-8689	75	16			ADJ
fbem-8689	75	17			PROPN
fbem-8689	75	18			ADJ
fbem-8689	75	19			PROPN
fbem-8689	75	20			ADJ
fbem-8689	75	21			PROPN
fbem-8689	75	22			ADJ
fbem-8689	75	23			PROPN
fbem-8689	75	24			PROPN
fbem-8689	75	25			PROPN
fbem-8689	75	26			PUNCT
fbem-8689	75	27			PROPN
fbem-8689	75	28			PROPN
fbem-8689	75	29			PROPN
fbem-8689	75	30			PUNCT
fbem-8689	75	31			PUNCT
fbem-8689	75	32			X
fbem-8689	75	33			X
fbem-8689	75	34	(	(	PUNCT
fbem-8689	75	35	4	4	X
fbem-8689	75	36	)	)	PUNCT
fbem-8689	75	37			NOUN
fbem-8689	75	38			PROPN
fbem-8689	75	39	,	,	PUNCT
fbem-8689	75	40	2	2	NUM
fbem-8689	75	41	,	,	PUNCT
fbem-8689	75	42	,	,	PUNCT
fbem-8689	75	43	1	1	NUM
fbem-8689	75	44	,	,	PUNCT
fbem-8689	75	45	2	2	NUM
fbem-8689	75	46	1	1	NUM
fbem-8689	75	47	2	2	NUM
fbem-8689	75	48	2	2	NUM
fbem-8689	75	49	2	2	NUM
fbem-8689	75	50	3	3	NUM
fbem-8689	75	51	2	2	NUM
fbem-8689	75	52	4	4	NUM
fbem-8689	75	53	,	,	PUNCT
fbem-8689	75	54	1	1	NUM
fbem-8689	75	55	+	+	NUM
fbem-8689	75	56	c	c	NOUN
fbem-8689	75	57	tan	tan	NOUN
fbem-8689	76	1	+	+	NOUN
fbem-8689	76	2	i	i	NOUN
fbem-8689	77	1	t	t	X
fbem-8689	78	1	i	i	PRON
fbem-8689	78	2	t	t	X
fbem-8689	79	1	i	i	PRON
fbem-8689	79	2	t	t	X
fbem-8689	80	1	i	i	PRON
fbem-8689	80	2	t	t	X
fbem-8689	81	1	i	i	PRON
fbem-8689	81	2	t	t	NOUN
fbem-8689	81	3	ff	ff	NUM
fbem-8689	81	4	u	u	NOUN
fbem-8689	81	5	ff	ff	INTJ
fbem-8689	81	6	uc	uc	INTJ
fbem-8689	81	7	g	g	PROPN
fbem-8689	81	8	lsize	lsize	NOUN
fbem-8689	81	9	profit	profit	NOUN
fbem-8689	81	10	growth	growth	NOUN
fbem-8689	81	11	year	year	NOUN
fbem-8689	81	12	industry	industry	NOUN
fbem-8689	81	13			X
fbem-8689	81	14			PUNCT
fbem-8689	81	15			PROPN
fbem-8689	81	16			PROPN
fbem-8689	81	17			PROPN
fbem-8689	81	18			ADJ
fbem-8689	81	19			PROPN
fbem-8689	81	20			ADJ
fbem-8689	81	21			PROPN
fbem-8689	81	22			ADJ
fbem-8689	81	23			PROPN
fbem-8689	81	24			PROPN
fbem-8689	81	25			NOUN
fbem-8689	81	26			NOUN
fbem-8689	81	27			PROPN
fbem-8689	81	28			PROPN
fbem-8689	81	29			PROPN
fbem-8689	81	30			PROPN
fbem-8689	81	31			PUNCT
fbem-8689	81	32			PUNCT
fbem-8689	81	33			X
fbem-8689	81	34			X
fbem-8689	81	35	(	(	PUNCT
fbem-8689	81	36	5	5	X
fbem-8689	81	37	)	)	PUNCT
fbem-8689	81	38	4.2	4.2	NUM
fbem-8689	81	39	.	.	PUNCT
fbem-8689	82	1	measurement	measurement	NOUN
fbem-8689	82	2	and	and	CCONJ
fbem-8689	82	3	description	description	NOUN
fbem-8689	82	4	of	of	ADP
fbem-8689	82	5	variables	variable	NOUN
fbem-8689	82	6	1	1	NUM
fbem-8689	82	7	.	.	NUM
fbem-8689	82	8	explained	explain	VERB
fbem-8689	82	9	variables	variable	NOUN
fbem-8689	82	10	ff	ff	NOUN
fbem-8689	82	11	represents	represent	VERB
fbem-8689	82	12	the	the	DET
fbem-8689	82	13	financial	financial	ADJ
fbem-8689	82	14	flexibility	flexibility	NOUN
fbem-8689	82	15	of	of	ADP
fbem-8689	82	16	an	an	DET
fbem-8689	82	17	enterprise	enterprise	NOUN
fbem-8689	82	18	,	,	PUNCT
fbem-8689	82	19	which	which	PRON
fbem-8689	82	20	can	can	AUX
fbem-8689	82	21	be	be	AUX
fbem-8689	82	22	measured	measure	VERB
fbem-8689	82	23	by	by	ADP
fbem-8689	82	24	the	the	DET
fbem-8689	82	25	sum	sum	NOUN
fbem-8689	82	26	of	of	ADP
fbem-8689	82	27	debt	debt	NOUN
fbem-8689	82	28	flexibility	flexibility	NOUN
fbem-8689	82	29	and	and	CCONJ
fbem-8689	82	30	cash	cash	NOUN
fbem-8689	82	31	flexibility	flexibility	NOUN
fbem-8689	82	32	.	.	PUNCT
fbem-8689	83	1	this	this	DET
fbem-8689	83	2	measurement	measurement	NOUN
fbem-8689	83	3	method	method	NOUN
fbem-8689	83	4	is	be	AUX
fbem-8689	83	5	based	base	VERB
fbem-8689	83	6	on	on	ADP
fbem-8689	83	7	the	the	DET
fbem-8689	83	8	method	method	NOUN
fbem-8689	83	9	adopted	adopt	VERB
fbem-8689	83	10	by	by	ADP
fbem-8689	83	11	a.m.	a.m.	PROPN
fbem-8689	83	12	zeng	zeng	PROPN
fbem-8689	83	13	et	et	PROPN
fbem-8689	83	14	al	al	PROPN
fbem-8689	83	15	.	.	PROPN
fbem-8689	84	1	(	(	PUNCT
fbem-8689	84	2	2011	2011	NUM
fbem-8689	84	3	)	)	PUNCT
fbem-8689	84	4	.	.	PUNCT
fbem-8689	85	1	2	2	X
fbem-8689	85	2	.	.	X
fbem-8689	85	3	explaining	explain	VERB
fbem-8689	85	4	variables	variable	NOUN
fbem-8689	85	5	(	(	PUNCT
fbem-8689	85	6	1	1	X
fbem-8689	85	7	)	)	PUNCT
fbem-8689	85	8	environmental	environmental	ADJ
fbem-8689	85	9	uncertainty	uncertainty	NOUN
fbem-8689	85	10	uc	uc	AUX
fbem-8689	85	11	represents	represent	VERB
fbem-8689	85	12	the	the	DET
fbem-8689	85	13	environmental	environmental	ADJ
fbem-8689	85	14	uncertainty	uncertainty	NOUN
fbem-8689	85	15	of	of	ADP
fbem-8689	85	16	an	an	DET
fbem-8689	85	17	enterprise	enterprise	NOUN
fbem-8689	85	18	.	.	PUNCT
fbem-8689	86	1	based	base	VERB
fbem-8689	86	2	on	on	ADP
fbem-8689	86	3	the	the	DET
fbem-8689	86	4	previous	previous	ADJ
fbem-8689	86	5	theoretical	theoretical	ADJ
fbem-8689	86	6	analysis	analysis	NOUN
fbem-8689	86	7	,	,	PUNCT
fbem-8689	86	8	this	this	DET
fbem-8689	86	9	paper	paper	NOUN
fbem-8689	86	10	adopts	adopt	VERB
fbem-8689	86	11	the	the	DET
fbem-8689	86	12	standard	standard	ADJ
fbem-8689	86	13	deviation	deviation	NOUN
fbem-8689	86	14	of	of	ADP
fbem-8689	86	15	the	the	DET
fbem-8689	86	16	profit	profit	NOUN
fbem-8689	86	17	rate	rate	NOUN
fbem-8689	86	18	of	of	ADP
fbem-8689	86	19	net	net	ADJ
fbem-8689	86	20	assets	asset	NOUN
fbem-8689	86	21	of	of	ADP
fbem-8689	86	22	a	a	DET
fbem-8689	86	23	company	company	NOUN
fbem-8689	86	24	in	in	ADP
fbem-8689	86	25	the	the	DET
fbem-8689	86	26	recent	recent	ADJ
fbem-8689	86	27	three	three	NUM
fbem-8689	86	28	years	year	NOUN
fbem-8689	86	29	to	to	PART
fbem-8689	86	30	measure	measure	VERB
fbem-8689	86	31	the	the	DET
fbem-8689	86	32	250	250	NUM
fbem-8689	86	33	environmental	environmental	ADJ
fbem-8689	86	34	uncertainty	uncertainty	NOUN
fbem-8689	86	35	of	of	ADP
fbem-8689	86	36	an	an	DET
fbem-8689	86	37	enterprise	enterprise	NOUN
fbem-8689	86	38	.	.	PUNCT
fbem-8689	87	1	(	(	PUNCT
fbem-8689	87	2	2	2	X
fbem-8689	87	3	)	)	PUNCT
fbem-8689	87	4	changes	change	NOUN
fbem-8689	87	5	in	in	ADP
fbem-8689	87	6	environmental	environmental	ADJ
fbem-8689	87	7	uncertainty	uncertainty	NOUN
fbem-8689	87	8	∆uc	∆uc	PROPN
fbem-8689	87	9	represents	represent	VERB
fbem-8689	87	10	the	the	DET
fbem-8689	87	11	change	change	NOUN
fbem-8689	87	12	of	of	ADP
fbem-8689	87	13	environmental	environmental	ADJ
fbem-8689	87	14	uncertainty	uncertainty	NOUN
fbem-8689	87	15	,	,	PUNCT
fbem-8689	87	16	which	which	PRON
fbem-8689	87	17	is	be	AUX
fbem-8689	87	18	calculated	calculate	VERB
fbem-8689	87	19	by	by	ADP
fbem-8689	87	20	the	the	DET
fbem-8689	87	21	difference	difference	NOUN
fbem-8689	87	22	between	between	ADP
fbem-8689	87	23	current	current	ADJ
fbem-8689	87	24	and	and	CCONJ
fbem-8689	87	25	previous	previous	ADJ
fbem-8689	87	26	environmental	environmental	ADJ
fbem-8689	87	27	uncertainty	uncertainty	NOUN
fbem-8689	87	28	in	in	ADP
fbem-8689	87	29	this	this	DET
fbem-8689	87	30	paper	paper	NOUN
fbem-8689	87	31	.	.	PUNCT
fbem-8689	88	1	when	when	SCONJ
fbem-8689	88	2	∆uc	∆uc	PROPN
fbem-8689	88	3	is	be	AUX
fbem-8689	88	4	greater	great	ADJ
fbem-8689	88	5	than	than	ADP
fbem-8689	88	6	zero	zero	NUM
fbem-8689	88	7	,	,	PUNCT
fbem-8689	88	8	it	it	PRON
fbem-8689	88	9	reflects	reflect	VERB
fbem-8689	88	10	some	some	DET
fbem-8689	88	11	extent	extent	NOUN
fbem-8689	88	12	that	that	SCONJ
fbem-8689	88	13	the	the	DET
fbem-8689	88	14	environmental	environmental	ADJ
fbem-8689	88	15	uncertainty	uncertainty	NOUN
fbem-8689	88	16	faced	face	VERB
fbem-8689	88	17	by	by	ADP
fbem-8689	88	18	the	the	DET
fbem-8689	88	19	enterprise	enterprise	NOUN
fbem-8689	88	20	in	in	ADP
fbem-8689	88	21	the	the	DET
fbem-8689	88	22	current	current	ADJ
fbem-8689	88	23	period	period	NOUN
fbem-8689	88	24	is	be	AUX
fbem-8689	88	25	larger	large	ADJ
fbem-8689	88	26	than	than	ADP
fbem-8689	88	27	that	that	PRON
fbem-8689	88	28	in	in	ADP
fbem-8689	88	29	the	the	DET
fbem-8689	88	30	previous	previous	ADJ
fbem-8689	88	31	period	period	NOUN
fbem-8689	88	32	.	.	PUNCT
fbem-8689	89	1	on	on	ADP
fbem-8689	89	2	the	the	DET
fbem-8689	89	3	contrary	contrary	NOUN
fbem-8689	89	4	,	,	PUNCT
fbem-8689	89	5	it	it	PRON
fbem-8689	89	6	reflects	reflect	VERB
fbem-8689	89	7	that	that	SCONJ
fbem-8689	89	8	the	the	DET
fbem-8689	89	9	uncertainty	uncertainty	NOUN
fbem-8689	89	10	of	of	ADP
fbem-8689	89	11	the	the	DET
fbem-8689	89	12	current	current	ADJ
fbem-8689	89	13	period	period	NOUN
fbem-8689	89	14	is	be	AUX
fbem-8689	89	15	smaller	small	ADJ
fbem-8689	89	16	than	than	ADP
fbem-8689	89	17	that	that	PRON
fbem-8689	89	18	of	of	ADP
fbem-8689	89	19	the	the	DET
fbem-8689	89	20	previous	previous	ADJ
fbem-8689	89	21	period	period	NOUN
fbem-8689	89	22	.	.	PUNCT
fbem-8689	90	1	table	table	NOUN
fbem-8689	90	2	1	1	NUM
fbem-8689	90	3	.	.	PUNCT
fbem-8689	91	1	variable	variable	ADJ
fbem-8689	91	2	definitions	definition	NOUN
fbem-8689	91	3	variable	variable	ADJ
fbem-8689	91	4	property	property	NOUN
fbem-8689	91	5	variable	variable	ADJ
fbem-8689	91	6	name	name	NOUN
fbem-8689	91	7	variable	variable	ADJ
fbem-8689	91	8	symbol	symbol	NOUN
fbem-8689	91	9	variable	variable	ADJ
fbem-8689	91	10	calculation	calculation	NOUN
fbem-8689	91	11	method	method	NOUN
fbem-8689	91	12	explained	explain	VERB
fbem-8689	91	13	variable	variable	ADJ
fbem-8689	91	14	financial	financial	ADJ
fbem-8689	91	15	flexibility	flexibility	NOUN
fbem-8689	91	16	ff	ff	NOUN
fbem-8689	91	17	cash	cash	NOUN
fbem-8689	91	18	flexibility	flexibility	NOUN
fbem-8689	91	19	+	+	CCONJ
fbem-8689	91	20	debt	debt	NOUN
fbem-8689	91	21	flexibility	flexibility	NOUN
fbem-8689	91	22	explanatory	explanatory	ADJ
fbem-8689	91	23	variable	variable	ADJ
fbem-8689	91	24	environmental	environmental	ADJ
fbem-8689	91	25	uncertainty	uncertainty	NOUN
fbem-8689	91	26	uc	uc	INTJ
fbem-8689	91	27	standard	standard	ADJ
fbem-8689	91	28	deviation	deviation	NOUN
fbem-8689	91	29	of	of	ADP
fbem-8689	91	30	the	the	DET
fbem-8689	91	31	company	company	NOUN
fbem-8689	91	32	's	's	PART
fbem-8689	91	33	net	net	ADJ
fbem-8689	91	34	asset	asset	NOUN
fbem-8689	91	35	profit	profit	NOUN
fbem-8689	91	36	rate	rate	NOUN
fbem-8689	91	37	in	in	ADP
fbem-8689	91	38	the	the	DET
fbem-8689	91	39	last	last	ADJ
fbem-8689	91	40	three	three	NUM
fbem-8689	91	41	years	year	NOUN
fbem-8689	91	42	environmental	environmental	ADJ
fbem-8689	91	43	uncertainty	uncertainty	NOUN
fbem-8689	91	44	changes	change	VERB
fbem-8689	91	45	δuc	δuc	VERB
fbem-8689	91	46	current	current	ADJ
fbem-8689	91	47	environmental	environmental	ADJ
fbem-8689	91	48	uncertainty	uncertainty	NOUN
fbem-8689	91	49	previous	previous	ADJ
fbem-8689	91	50	environmental	environmental	ADJ
fbem-8689	91	51	uncertainty	uncertainty	NOUN
fbem-8689	91	52	control	control	VERB
fbem-8689	91	53	variable	variable	ADJ
fbem-8689	91	54	tangibility	tangibility	NOUN
fbem-8689	91	55	of	of	ADP
fbem-8689	91	56	assets	asset	NOUN
fbem-8689	91	57	tang	tang	PROPN
fbem-8689	91	58	total	total	ADJ
fbem-8689	91	59	fixed	fix	VERB
fbem-8689	91	60	assets	asset	NOUN
fbem-8689	91	61	/	/	SYM
fbem-8689	91	62	assets	asset	NOUN
fbem-8689	91	63	at	at	ADP
fbem-8689	91	64	year	year	NOUN
fbem-8689	91	65	end	end	NOUN
fbem-8689	91	66	enterprise	enterprise	NOUN
fbem-8689	91	67	scale	scale	NOUN
fbem-8689	91	68	lsize	lsize	NOUN
fbem-8689	91	69	natural	natural	ADJ
fbem-8689	91	70	log	log	NOUN
fbem-8689	91	71	of	of	ADP
fbem-8689	91	72	total	total	ADJ
fbem-8689	91	73	assets	asset	NOUN
fbem-8689	91	74	at	at	ADP
fbem-8689	91	75	year	year	NOUN
fbem-8689	91	76	end	end	NOUN
fbem-8689	91	77	profitability	profitability	NOUN
fbem-8689	91	78	profit	profit	NOUN
fbem-8689	91	79	net	net	ADJ
fbem-8689	91	80	profit	profit	NOUN
fbem-8689	91	81	/	/	SYM
fbem-8689	91	82	main	main	ADJ
fbem-8689	91	83	business	business	NOUN
fbem-8689	91	84	income	income	NOUN
fbem-8689	91	85	enterprise	enterprise	NOUN
fbem-8689	91	86	growth	growth	NOUN
fbem-8689	91	87	growth	growth	NOUN
fbem-8689	91	88	(	(	PUNCT
fbem-8689	91	89	end	end	NOUN
fbem-8689	91	90	of	of	ADP
fbem-8689	91	91	year	year	NOUN
fbem-8689	91	92	total	total	ADJ
fbem-8689	91	93	assets	asset	NOUN
fbem-8689	91	94	beginning	begin	VERB
fbem-8689	91	95	of	of	ADP
fbem-8689	91	96	year	year	NOUN
fbem-8689	91	97	total	total	NOUN
fbem-8689	91	98	assets)/beginning	assets)/beginning	NOUN
fbem-8689	91	99	of	of	ADP
fbem-8689	91	100	year	year	NOUN
fbem-8689	91	101	total	total	ADJ
fbem-8689	91	102	assets	asset	NOUN
fbem-8689	91	103	year	year	NOUN
fbem-8689	91	104	dummy	dummy	ADJ
fbem-8689	91	105	variable	variable	ADJ
fbem-8689	91	106	year	year	NOUN
fbem-8689	91	107	-	-	PUNCT
fbem-8689	91	108	industry	industry	NOUN
fbem-8689	91	109	dummy	dummy	ADJ
fbem-8689	91	110	variable	variable	NOUN
fbem-8689	91	111	industry	industry	NOUN
fbem-8689	91	112	-	-	PUNCT
fbem-8689	91	113	4.3	4.3	NUM
fbem-8689	91	114	.	.	PUNCT
fbem-8689	92	1	data	datum	NOUN
fbem-8689	92	2	sources	source	NOUN
fbem-8689	92	3	and	and	CCONJ
fbem-8689	92	4	descriptive	descriptive	ADJ
fbem-8689	92	5	statistics	statistic	NOUN
fbem-8689	92	6	of	of	ADP
fbem-8689	92	7	variables	variable	NOUN
fbem-8689	92	8	the	the	DET
fbem-8689	92	9	sample	sample	NOUN
fbem-8689	92	10	data	datum	NOUN
fbem-8689	92	11	in	in	ADP
fbem-8689	92	12	this	this	DET
fbem-8689	92	13	paper	paper	NOUN
fbem-8689	92	14	is	be	AUX
fbem-8689	92	15	composed	compose	VERB
fbem-8689	92	16	of	of	ADP
fbem-8689	92	17	a	a	DET
fbem-8689	92	18	-	-	PUNCT
fbem-8689	92	19	share	share	NOUN
fbem-8689	92	20	listed	list	VERB
fbem-8689	92	21	companies	company	NOUN
fbem-8689	92	22	in	in	ADP
fbem-8689	92	23	shanghai	shanghai	PROPN
fbem-8689	92	24	and	and	CCONJ
fbem-8689	92	25	shenzhen	shenzhen	PROPN
fbem-8689	92	26	.	.	PUNCT
fbem-8689	93	1	the	the	DET
fbem-8689	93	2	financial	financial	ADJ
fbem-8689	93	3	report	report	NOUN
fbem-8689	93	4	data	datum	NOUN
fbem-8689	93	5	and	and	CCONJ
fbem-8689	93	6	other	other	ADJ
fbem-8689	93	7	related	related	ADJ
fbem-8689	93	8	information	information	NOUN
fbem-8689	93	9	used	use	VERB
fbem-8689	93	10	in	in	ADP
fbem-8689	93	11	this	this	DET
fbem-8689	93	12	study	study	NOUN
fbem-8689	93	13	are	be	AUX
fbem-8689	93	14	all	all	ADV
fbem-8689	93	15	from	from	ADP
fbem-8689	93	16	the	the	DET
fbem-8689	93	17	resset	resset	NOUN
fbem-8689	93	18	.	.	PUNCT
fbem-8689	94	1	after	after	ADP
fbem-8689	94	2	a	a	DET
fbem-8689	94	3	series	series	NOUN
fbem-8689	94	4	of	of	ADP
fbem-8689	94	5	steps	step	NOUN
fbem-8689	94	6	,	,	PUNCT
fbem-8689	94	7	a	a	DET
fbem-8689	94	8	total	total	NOUN
fbem-8689	94	9	of	of	ADP
fbem-8689	94	10	14,231	14,231	NUM
fbem-8689	94	11	sample	sample	NOUN
fbem-8689	94	12	data	datum	NOUN
fbem-8689	94	13	from	from	ADP
fbem-8689	94	14	2,033	2,033	NUM
fbem-8689	94	15	listed	list	VERB
fbem-8689	94	16	companies	company	NOUN
fbem-8689	94	17	from	from	ADP
fbem-8689	94	18	2012	2012	NUM
fbem-8689	94	19	to	to	ADP
fbem-8689	94	20	2018	2018	NUM
fbem-8689	94	21	were	be	AUX
fbem-8689	94	22	obtained	obtain	VERB
fbem-8689	94	23	in	in	ADP
fbem-8689	94	24	this	this	DET
fbem-8689	94	25	paper	paper	NOUN
fbem-8689	94	26	.	.	PUNCT
fbem-8689	95	1	as	as	SCONJ
fbem-8689	95	2	can	can	AUX
fbem-8689	95	3	be	be	AUX
fbem-8689	95	4	seen	see	VERB
fbem-8689	95	5	from	from	ADP
fbem-8689	95	6	table	table	NOUN
fbem-8689	95	7	2	2	NUM
fbem-8689	95	8	,	,	PUNCT
fbem-8689	95	9	the	the	DET
fbem-8689	95	10	standard	standard	ADJ
fbem-8689	95	11	deviation	deviation	NOUN
fbem-8689	95	12	of	of	ADP
fbem-8689	95	13	financial	financial	ADJ
fbem-8689	95	14	flexibility	flexibility	NOUN
fbem-8689	95	15	(	(	PUNCT
fbem-8689	95	16	ff	ff	NOUN
fbem-8689	95	17	)	)	PUNCT
fbem-8689	95	18	is	be	AUX
fbem-8689	95	19	0.201	0.201	NUM
fbem-8689	95	20	,	,	PUNCT
fbem-8689	95	21	indicating	indicate	VERB
fbem-8689	95	22	that	that	SCONJ
fbem-8689	95	23	the	the	DET
fbem-8689	95	24	data	datum	NOUN
fbem-8689	95	25	fluctuates	fluctuate	VERB
fbem-8689	95	26	to	to	ADP
fbem-8689	95	27	a	a	DET
fbem-8689	95	28	certain	certain	ADJ
fbem-8689	95	29	extent	extent	NOUN
fbem-8689	95	30	.	.	PUNCT
fbem-8689	96	1	the	the	DET
fbem-8689	96	2	stability	stability	NOUN
fbem-8689	96	3	of	of	ADP
fbem-8689	96	4	the	the	DET
fbem-8689	96	5	financial	financial	ADJ
fbem-8689	96	6	flexibility	flexibility	NOUN
fbem-8689	96	7	reserve	reserve	NOUN
fbem-8689	96	8	level	level	NOUN
fbem-8689	96	9	of	of	ADP
fbem-8689	96	10	each	each	DET
fbem-8689	96	11	enterprise	enterprise	NOUN
fbem-8689	96	12	is	be	AUX
fbem-8689	96	13	poor	poor	ADJ
fbem-8689	96	14	.	.	PUNCT
fbem-8689	97	1	the	the	DET
fbem-8689	97	2	maximum	maximum	ADJ
fbem-8689	97	3	value	value	NOUN
fbem-8689	97	4	of	of	ADP
fbem-8689	97	5	financial	financial	ADJ
fbem-8689	97	6	flexibility	flexibility	NOUN
fbem-8689	97	7	(	(	PUNCT
fbem-8689	97	8	ff	ff	NOUN
fbem-8689	97	9	)	)	PUNCT
fbem-8689	97	10	is	be	AUX
fbem-8689	97	11	0.756	0.756	NUM
fbem-8689	97	12	,	,	PUNCT
fbem-8689	97	13	and	and	CCONJ
fbem-8689	97	14	the	the	DET
fbem-8689	97	15	minimum	minimum	ADJ
fbem-8689	97	16	value	value	NOUN
fbem-8689	97	17	of	of	ADP
fbem-8689	97	18	financial	financial	ADJ
fbem-8689	97	19	flexibility	flexibility	NOUN
fbem-8689	97	20	(	(	PUNCT
fbem-8689	97	21	ff	ff	NOUN
fbem-8689	97	22	)	)	PUNCT
fbem-8689	97	23	is	be	AUX
fbem-8689	97	24	-0.167	-0.167	ADJ
fbem-8689	97	25	.	.	PUNCT
fbem-8689	98	1	to	to	ADP
fbem-8689	98	2	some	some	DET
fbem-8689	98	3	extent	extent	NOUN
fbem-8689	98	4	,	,	PUNCT
fbem-8689	98	5	it	it	PRON
fbem-8689	98	6	reflects	reflect	VERB
fbem-8689	98	7	that	that	SCONJ
fbem-8689	98	8	there	there	PRON
fbem-8689	98	9	are	be	VERB
fbem-8689	98	10	some	some	DET
fbem-8689	98	11	differences	difference	NOUN
fbem-8689	98	12	in	in	ADP
fbem-8689	98	13	the	the	DET
fbem-8689	98	14	financial	financial	ADJ
fbem-8689	98	15	flexibility	flexibility	NOUN
fbem-8689	98	16	reserves	reserve	NOUN
fbem-8689	98	17	of	of	ADP
fbem-8689	98	18	chinese	chinese	ADJ
fbem-8689	98	19	enterprises	enterprise	NOUN
fbem-8689	98	20	,	,	PUNCT
fbem-8689	98	21	and	and	CCONJ
fbem-8689	98	22	there	there	PRON
fbem-8689	98	23	is	be	VERB
fbem-8689	98	24	a	a	DET
fbem-8689	98	25	serious	serious	ADJ
fbem-8689	98	26	polarization	polarization	NOUN
fbem-8689	98	27	phenomenon	phenomenon	NOUN
fbem-8689	98	28	.	.	PUNCT
fbem-8689	99	1	table	table	NOUN
fbem-8689	99	2	2	2	NUM
fbem-8689	99	3	.	.	PUNCT
fbem-8689	99	4	descriptive	descriptive	ADJ
fbem-8689	99	5	statistics	statistic	NOUN
fbem-8689	99	6	used	use	VERB
fbem-8689	99	7	to	to	PART
fbem-8689	99	8	estimate	estimate	VERB
fbem-8689	99	9	target	target	NOUN
fbem-8689	99	10	financial	financial	ADJ
fbem-8689	99	11	flexibility	flexibility	NOUN
fbem-8689	99	12	variables	variable	VERB
fbem-8689	99	13	sample	sample	NOUN
fbem-8689	99	14	size	size	NOUN
fbem-8689	99	15	mean	mean	NOUN
fbem-8689	99	16	value	value	NOUN
fbem-8689	99	17	standard	standard	ADJ
fbem-8689	99	18	deviation	deviation	NOUN
fbem-8689	99	19	minimum	minimum	NOUN
fbem-8689	99	20	value	value	NOUN
fbem-8689	99	21	maximum	maximum	NOUN
fbem-8689	99	22	value	value	NOUN
fbem-8689	99	23	tang	tang	NOUN
fbem-8689	99	24	14,231	14,231	NUM
fbem-8689	99	25	0.219	0.219	NUM
fbem-8689	99	26	0.163	0.163	NUM
fbem-8689	99	27	0.00191	0.00191	NUM
fbem-8689	99	28	0.707	0.707	NUM
fbem-8689	99	29	lsize	lsize	NOUN
fbem-8689	99	30	14,231	14,231	NUM
fbem-8689	99	31	22.16	22.16	NUM
fbem-8689	99	32	1.194	1.194	NUM
fbem-8689	99	33	19.78	19.78	NUM
fbem-8689	99	34	25.63	25.63	NUM
fbem-8689	99	35	profit	profit	NOUN
fbem-8689	99	36	14,229	14,229	NUM
fbem-8689	99	37	0.0746	0.0746	NUM
fbem-8689	99	38	0.146	0.146	NUM
fbem-8689	99	39	-0.678	-0.678	NUM
fbem-8689	99	40	0.513	0.513	NUM
fbem-8689	99	41	growth	growth	NOUN
fbem-8689	99	42	14,218	14,218	NUM
fbem-8689	99	43	0.193	0.193	NUM
fbem-8689	99	44	0.392	0.392	NUM
fbem-8689	99	45	-0.272	-0.272	NUM
fbem-8689	99	46	2.629	2.629	NUM
fbem-8689	99	47	ff	ff	NOUN
fbem-8689	99	48	14,231	14,231	NUM
fbem-8689	99	49	0.0932	0.0932	NUM
fbem-8689	99	50	0.201	0.201	NUM
fbem-8689	99	51	-0.167	-0.167	NUM
fbem-8689	99	52	0.756	0.756	NUM
fbem-8689	99	53	by	by	ADP
fbem-8689	99	54	analyzing	analyze	VERB
fbem-8689	99	55	the	the	DET
fbem-8689	99	56	data	datum	NOUN
fbem-8689	99	57	in	in	ADP
fbem-8689	99	58	table	table	NOUN
fbem-8689	99	59	3	3	NUM
fbem-8689	99	60	,	,	PUNCT
fbem-8689	99	61	it	it	PRON
fbem-8689	99	62	can	can	AUX
fbem-8689	99	63	be	be	AUX
fbem-8689	99	64	seen	see	VERB
fbem-8689	99	65	that	that	SCONJ
fbem-8689	99	66	the	the	DET
fbem-8689	99	67	standard	standard	ADJ
fbem-8689	99	68	deviation	deviation	NOUN
fbem-8689	99	69	of	of	ADP
fbem-8689	99	70	enterprise	enterprise	NOUN
fbem-8689	99	71	environmental	environmental	ADJ
fbem-8689	99	72	uncertainty	uncertainty	NOUN
fbem-8689	99	73	(	(	PUNCT
fbem-8689	99	74	uc	uc	PROPN
fbem-8689	99	75	)	)	PUNCT
fbem-8689	99	76	is	be	AUX
fbem-8689	99	77	8.679	8.679	NUM
fbem-8689	99	78	,	,	PUNCT
fbem-8689	99	79	indicating	indicate	VERB
fbem-8689	99	80	that	that	SCONJ
fbem-8689	99	81	the	the	DET
fbem-8689	99	82	data	data	NOUN
fbem-8689	99	83	fluctuates	fluctuate	VERB
fbem-8689	99	84	significantly	significantly	ADV
fbem-8689	99	85	,	,	PUNCT
fbem-8689	99	86	and	and	CCONJ
fbem-8689	99	87	the	the	DET
fbem-8689	99	88	environmental	environmental	ADJ
fbem-8689	99	89	uncertainty	uncertainty	NOUN
fbem-8689	99	90	faced	face	VERB
fbem-8689	99	91	by	by	ADP
fbem-8689	99	92	enterprises	enterprise	NOUN
fbem-8689	99	93	is	be	AUX
fbem-8689	99	94	severely	severely	ADV
fbem-8689	99	95	polarized	polarize	VERB
fbem-8689	99	96	,	,	PUNCT
fbem-8689	99	97	with	with	ADP
fbem-8689	99	98	the	the	DET
fbem-8689	99	99	maximum	maximum	ADJ
fbem-8689	99	100	value	value	NOUN
fbem-8689	99	101	being	be	AUX
fbem-8689	99	102	252.3	252.3	NUM
fbem-8689	99	103	and	and	CCONJ
fbem-8689	99	104	the	the	DET
fbem-8689	99	105	minimum	minimum	ADJ
fbem-8689	99	106	value	value	NOUN
fbem-8689	99	107	being	be	AUX
fbem-8689	99	108	0.0124	0.0124	NUM
fbem-8689	99	109	.	.	PUNCT
fbem-8689	100	1	to	to	ADP
fbem-8689	100	2	some	some	DET
fbem-8689	100	3	extent	extent	NOUN
fbem-8689	100	4	,	,	PUNCT
fbem-8689	100	5	it	it	PRON
fbem-8689	100	6	reflects	reflect	VERB
fbem-8689	100	7	that	that	SCONJ
fbem-8689	100	8	there	there	PRON
fbem-8689	100	9	are	be	VERB
fbem-8689	100	10	some	some	DET
fbem-8689	100	11	differences	difference	NOUN
fbem-8689	100	12	in	in	ADP
fbem-8689	100	13	the	the	DET
fbem-8689	100	14	environmental	environmental	ADJ
fbem-8689	100	15	uncertainties	uncertainty	NOUN
fbem-8689	100	16	faced	face	VERB
fbem-8689	100	17	by	by	ADP
fbem-8689	100	18	chinese	chinese	ADJ
fbem-8689	100	19	enterprises	enterprise	NOUN
fbem-8689	100	20	,	,	PUNCT
fbem-8689	100	21	and	and	CCONJ
fbem-8689	100	22	the	the	DET
fbem-8689	100	23	mean	mean	NOUN
fbem-8689	100	24	of	of	ADP
fbem-8689	100	25	the	the	DET
fbem-8689	100	26	environmental	environmental	ADJ
fbem-8689	100	27	uncertainties	uncertainty	NOUN
fbem-8689	100	28	is	be	AUX
fbem-8689	100	29	4.918	4.918	NUM
fbem-8689	100	30	,	,	PUNCT
fbem-8689	100	31	which	which	PRON
fbem-8689	100	32	further	far	ADV
fbem-8689	100	33	reflects	reflect	VERB
fbem-8689	100	34	the	the	DET
fbem-8689	100	35	significance	significance	NOUN
fbem-8689	100	36	of	of	ADP
fbem-8689	100	37	the	the	DET
fbem-8689	100	38	impact	impact	NOUN
fbem-8689	100	39	of	of	ADP
fbem-8689	100	40	environmental	environmental	ADJ
fbem-8689	100	41	uncertainties	uncertainty	NOUN
fbem-8689	100	42	.	.	PUNCT
fbem-8689	101	1	table	table	NOUN
fbem-8689	101	2	3	3	NUM
fbem-8689	101	3	.	.	PUNCT
fbem-8689	101	4	descriptive	descriptive	ADJ
fbem-8689	101	5	statistics	statistic	NOUN
fbem-8689	101	6	of	of	ADP
fbem-8689	101	7	model	model	NOUN
fbem-8689	101	8	variables	variable	NOUN
fbem-8689	101	9	of	of	ADP
fbem-8689	101	10	financial	financial	ADJ
fbem-8689	101	11	flexible	flexible	ADJ
fbem-8689	101	12	adjustment	adjustment	NOUN
fbem-8689	101	13	speed	speed	NOUN
fbem-8689	101	14	variables	variable	VERB
fbem-8689	101	15	sample	sample	NOUN
fbem-8689	101	16	size	size	NOUN
fbem-8689	101	17	mean	mean	NOUN
fbem-8689	101	18	value	value	NOUN
fbem-8689	101	19	standard	standard	ADJ
fbem-8689	101	20	deviation	deviation	NOUN
fbem-8689	101	21	minimum	minimum	NOUN
fbem-8689	101	22	value	value	NOUN
fbem-8689	101	23	maximum	maximum	ADJ
fbem-8689	101	24	value	value	NOUN
fbem-8689	101	25	uc	uc	PROPN
fbem-8689	101	26	14,231	14,231	NUM
fbem-8689	101	27	4.918	4.918	NUM
fbem-8689	101	28	8.679	8.679	NUM
fbem-8689	101	29	0.0124	0.0124	NUM
fbem-8689	101	30	252.3	252.3	NUM
fbem-8689	101	31	△	△	NOUN
fbem-8689	101	32	uc	uc	PROPN
fbem-8689	101	33	12,198	12,198	NUM
fbem-8689	101	34	-0.127	-0.127	NOUN
fbem-8689	101	35	6.977	6.977	NUM
fbem-8689	101	36	-192.6	-192.6	PROPN
fbem-8689	101	37	156.6	156.6	NUM
fbem-8689	101	38	the	the	DET
fbem-8689	101	39	standard	standard	ADJ
fbem-8689	101	40	deviation	deviation	NOUN
fbem-8689	101	41	of	of	ADP
fbem-8689	101	42	environmental	environmental	ADJ
fbem-8689	101	43	uncertainty	uncertainty	NOUN
fbem-8689	101	44	’s	’s	PART
fbem-8689	101	45	change	change	NOUN
fbem-8689	101	46	(	(	PUNCT
fbem-8689	101	47	∆uc	∆uc	PROPN
fbem-8689	101	48	)	)	PUNCT
fbem-8689	101	49	is	be	AUX
fbem-8689	101	50	6.977	6.977	NUM
fbem-8689	101	51	,	,	PUNCT
fbem-8689	101	52	which	which	PRON
fbem-8689	101	53	also	also	ADV
fbem-8689	101	54	reflects	reflect	VERB
fbem-8689	101	55	the	the	DET
fbem-8689	101	56	large	large	ADJ
fbem-8689	101	57	fluctuation	fluctuation	NOUN
fbem-8689	101	58	of	of	ADP
fbem-8689	101	59	environmental	environmental	ADJ
fbem-8689	101	60	uncertainty	uncertainty	NOUN
fbem-8689	101	61	change	change	NOUN
fbem-8689	101	62	faced	face	VERB
fbem-8689	101	63	by	by	ADP
fbem-8689	101	64	chinese	chinese	ADJ
fbem-8689	101	65	enterprises	enterprise	NOUN
fbem-8689	101	66	and	and	CCONJ
fbem-8689	101	67	the	the	DET
fbem-8689	101	68	serious	serious	ADJ
fbem-8689	101	69	polarization	polarization	NOUN
fbem-8689	101	70	of	of	ADP
fbem-8689	101	71	environmental	environmental	ADJ
fbem-8689	101	72	uncertainty	uncertainty	NOUN
fbem-8689	101	73	change	change	NOUN
fbem-8689	101	74	situation	situation	NOUN
fbem-8689	101	75	faced	face	VERB
fbem-8689	101	76	by	by	ADP
fbem-8689	101	77	enterprises	enterprise	NOUN
fbem-8689	101	78	.	.	PUNCT
fbem-8689	102	1	the	the	DET
fbem-8689	102	2	maximum	maximum	ADJ
fbem-8689	102	3	value	value	NOUN
fbem-8689	102	4	is	be	AUX
fbem-8689	102	5	156.6	156.6	NUM
fbem-8689	102	6	,	,	PUNCT
fbem-8689	102	7	the	the	DET
fbem-8689	102	8	minimum	minimum	ADJ
fbem-8689	102	9	value	value	NOUN
fbem-8689	102	10	is	be	AUX
fbem-8689	102	11	-192.6	-192.6	PROPN
fbem-8689	102	12	,	,	PUNCT
fbem-8689	102	13	and	and	CCONJ
fbem-8689	102	14	the	the	DET
fbem-8689	102	15	mean	mean	ADJ
fbem-8689	102	16	value	value	NOUN
fbem-8689	102	17	is	be	AUX
fbem-8689	102	18	-0.127	-0.127	NOUN
fbem-8689	102	19	,	,	PUNCT
fbem-8689	102	20	indicating	indicate	VERB
fbem-8689	102	21	that	that	SCONJ
fbem-8689	102	22	with	with	ADP
fbem-8689	102	23	the	the	DET
fbem-8689	102	24	continuous	continuous	ADJ
fbem-8689	102	25	improvement	improvement	NOUN
fbem-8689	102	26	of	of	ADP
fbem-8689	102	27	the	the	DET
fbem-8689	102	28	chinese	chinese	ADJ
fbem-8689	102	29	capital	capital	NOUN
fbem-8689	102	30	market	market	NOUN
fbem-8689	102	31	,	,	PUNCT
fbem-8689	102	32	the	the	DET
fbem-8689	102	33	environmental	environmental	ADJ
fbem-8689	102	34	uncertainty	uncertainty	NOUN
fbem-8689	102	35	faced	face	VERB
fbem-8689	102	36	by	by	ADP
fbem-8689	102	37	enterprises	enterprise	NOUN
fbem-8689	102	38	has	have	AUX
fbem-8689	102	39	improved	improve	VERB
fbem-8689	102	40	,	,	PUNCT
fbem-8689	102	41	but	but	CCONJ
fbem-8689	102	42	the	the	DET
fbem-8689	102	43	timely	timely	ADJ
fbem-8689	102	44	reserve	reserve	ADJ
fbem-8689	102	45	financial	financial	ADJ
fbem-8689	102	46	flexibility	flexibility	NOUN
fbem-8689	102	47	adopted	adopt	VERB
fbem-8689	102	48	by	by	ADP
fbem-8689	102	49	enterprises	enterprise	NOUN
fbem-8689	102	50	to	to	PART
fbem-8689	102	51	cope	cope	VERB
fbem-8689	102	52	with	with	ADP
fbem-8689	102	53	environmental	environmental	ADJ
fbem-8689	102	54	uncertainty	uncertainty	NOUN
fbem-8689	102	55	still	still	ADV
fbem-8689	102	56	needs	need	VERB
fbem-8689	102	57	to	to	PART
fbem-8689	102	58	be	be	AUX
fbem-8689	102	59	strengthened	strengthen	VERB
fbem-8689	102	60	to	to	PART
fbem-8689	102	61	cope	cope	VERB
fbem-8689	102	62	with	with	ADP
fbem-8689	102	63	the	the	DET
fbem-8689	102	64	changing	change	VERB
fbem-8689	102	65	business	business	NOUN
fbem-8689	102	66	environment	environment	NOUN
fbem-8689	102	67	.	.	PUNCT
fbem-8689	103	1	5	5	X
fbem-8689	103	2	.	.	X
fbem-8689	103	3	empirical	empirical	ADJ
fbem-8689	103	4	test	test	NOUN
fbem-8689	103	5	of	of	ADP
fbem-8689	103	6	the	the	DET
fbem-8689	103	7	influence	influence	NOUN
fbem-8689	103	8	of	of	ADP
fbem-8689	103	9	environmental	environmental	ADJ
fbem-8689	103	10	uncertainty	uncertainty	NOUN
fbem-8689	103	11	on	on	ADP
fbem-8689	103	12	dynamic	dynamic	ADJ
fbem-8689	103	13	adjustment	adjustment	NOUN
fbem-8689	103	14	of	of	ADP
fbem-8689	103	15	financial	financial	ADJ
fbem-8689	103	16	flexibility	flexibility	NOUN
fbem-8689	103	17	5.1	5.1	NUM
fbem-8689	103	18	.	.	PUNCT
fbem-8689	104	1	analysis	analysis	NOUN
fbem-8689	104	2	of	of	ADP
fbem-8689	104	3	regression	regression	NOUN
fbem-8689	104	4	results	result	VERB
fbem-8689	104	5	5.1.1	5.1.1	NOUN
fbem-8689	104	6	.	.	PUNCT
fbem-8689	105	1	regression	regression	NOUN
fbem-8689	105	2	analysis	analysis	NOUN
fbem-8689	105	3	of	of	ADP
fbem-8689	105	4	influence	influence	NOUN
fbem-8689	105	5	of	of	ADP
fbem-8689	105	6	environmental	environmental	ADJ
fbem-8689	105	7	uncertainty	uncertainty	NOUN
fbem-8689	105	8	on	on	ADP
fbem-8689	105	9	dynamic	dynamic	ADJ
fbem-8689	105	10	adjustment	adjustment	NOUN
fbem-8689	105	11	of	of	ADP
fbem-8689	105	12	enterprise	enterprise	NOUN
fbem-8689	105	13	financial	financial	ADJ
fbem-8689	105	14	flexibility	flexibility	NOUN
fbem-8689	105	15	251	251	NUM
fbem-8689	105	16	table	table	NOUN
fbem-8689	105	17	4	4	NUM
fbem-8689	105	18	.	.	PUNCT
fbem-8689	106	1	regression	regression	VERB
fbem-8689	106	2	analysis	analysis	NOUN
fbem-8689	106	3	of	of	ADP
fbem-8689	106	4	dynamic	dynamic	ADJ
fbem-8689	106	5	adjustment	adjustment	NOUN
fbem-8689	106	6	speed	speed	NOUN
fbem-8689	106	7	of	of	ADP
fbem-8689	106	8	environmental	environmental	ADJ
fbem-8689	106	9	uncertainty	uncertainty	NOUN
fbem-8689	106	10	and	and	CCONJ
fbem-8689	106	11	financial	financial	ADJ
fbem-8689	106	12	flexibility	flexibility	NOUN
fbem-8689	106	13	variables	variable	NOUN
fbem-8689	106	14	(	(	PUNCT
fbem-8689	106	15	1	1	NUM
fbem-8689	106	16	)	)	PUNCT
fbem-8689	106	17	(	(	PUNCT
fbem-8689	106	18	2	2	NUM
fbem-8689	106	19	)	)	PUNCT
fbem-8689	106	20	(	(	PUNCT
fbem-8689	106	21	3	3	X
fbem-8689	106	22	)	)	PUNCT
fbem-8689	106	23	ffi	ffi	PROPN
fbem-8689	106	24	,	,	PUNCT
fbem-8689	106	25	t-1	t-1	PROPN
fbem-8689	106	26	0.722	0.722	NOUN
fbem-8689	106	27	*	*	PUNCT
fbem-8689	106	28	*	*	PUNCT
fbem-8689	106	29	*	*	PUNCT
fbem-8689	106	30	(	(	PUNCT
fbem-8689	106	31	91.99	91.99	NUM
fbem-8689	106	32	)	)	PUNCT
fbem-8689	106	33	0.426	0.426	NUM
fbem-8689	106	34	*	*	PUNCT
fbem-8689	106	35	*	*	PUNCT
fbem-8689	106	36	*	*	PUNCT
fbem-8689	106	37	(	(	PUNCT
fbem-8689	106	38	50.50	50.50	NUM
fbem-8689	106	39	)	)	PUNCT
fbem-8689	106	40	0.722	0.722	NUM
fbem-8689	106	41	*	*	PUNCT
fbem-8689	106	42	*	*	PUNCT
fbem-8689	106	43	*	*	PUNCT
fbem-8689	106	44	(	(	PUNCT
fbem-8689	106	45	81.27	81.27	NUM
fbem-8689	106	46	)	)	PUNCT
fbem-8689	106	47	uc*ffi	uc*ffi	PROPN
fbem-8689	106	48	,	,	PUNCT
fbem-8689	106	49	t-1	t-1	PROPN
fbem-8689	106	50	-0.003	-0.003	PUNCT
fbem-8689	106	51	*	*	PUNCT
fbem-8689	106	52	*	*	PUNCT
fbem-8689	106	53	*	*	PUNCT
fbem-8689	106	54	(	(	PUNCT
fbem-8689	106	55	-3.53	-3.53	NOUN
fbem-8689	106	56	)	)	PUNCT
fbem-8689	106	57	-0.001	-0.001	NOUN
fbem-8689	107	1	*	*	PUNCT
fbem-8689	107	2	*	*	PUNCT
fbem-8689	107	3	(	(	PUNCT
fbem-8689	107	4	-2.15	-2.15	NOUN
fbem-8689	107	5	)	)	PUNCT
fbem-8689	107	6	-0.003	-0.003	NOUN
fbem-8689	108	1	*	*	PUNCT
fbem-8689	108	2	*	*	PUNCT
fbem-8689	108	3	*	*	PUNCT
fbem-8689	108	4	(	(	PUNCT
fbem-8689	108	5	-3.61	-3.61	INTJ
fbem-8689	108	6	)	)	PUNCT
fbem-8689	108	7	uc	uc	NOUN
fbem-8689	108	8	0.001	0.001	NUM
fbem-8689	108	9	*	*	PUNCT
fbem-8689	108	10	*	*	PUNCT
fbem-8689	108	11	*	*	PUNCT
fbem-8689	108	12	(	(	PUNCT
fbem-8689	108	13	4.37	4.37	NUM
fbem-8689	108	14	)	)	PUNCT
fbem-8689	108	15	0.001	0.001	NUM
fbem-8689	108	16	*	*	PUNCT
fbem-8689	108	17	*	*	PUNCT
fbem-8689	108	18	*	*	PUNCT
fbem-8689	108	19	(	(	PUNCT
fbem-8689	108	20	5.69	5.69	NUM
fbem-8689	108	21	)	)	PUNCT
fbem-8689	108	22	0.001	0.001	NUM
fbem-8689	108	23	*	*	PUNCT
fbem-8689	108	24	*	*	PUNCT
fbem-8689	108	25	*	*	PUNCT
fbem-8689	108	26	(	(	PUNCT
fbem-8689	108	27	4.88	4.88	NUM
fbem-8689	108	28	)	)	PUNCT
fbem-8689	108	29	tang	tang	NOUN
fbem-8689	108	30	-0.048	-0.048	NOUN
fbem-8689	108	31	*	*	PUNCT
fbem-8689	108	32	*	*	PUNCT
fbem-8689	108	33	*	*	PUNCT
fbem-8689	108	34	(	(	PUNCT
fbem-8689	108	35	-7.67	-7.67	INTJ
fbem-8689	108	36	)	)	PUNCT
fbem-8689	108	37	-0.200	-0.200	PUNCT
fbem-8689	109	1	*	*	PUNCT
fbem-8689	109	2	*	*	PUNCT
fbem-8689	109	3	*	*	PUNCT
fbem-8689	109	4	(	(	PUNCT
fbem-8689	109	5	-13.62	-13.62	NOUN
fbem-8689	109	6	)	)	PUNCT
fbem-8689	109	7	-0.048	-0.048	NOUN
fbem-8689	110	1	*	*	PUNCT
fbem-8689	110	2	*	*	PUNCT
fbem-8689	110	3	*	*	PUNCT
fbem-8689	110	4	(	(	PUNCT
fbem-8689	110	5	-6.71	-6.71	NOUN
fbem-8689	110	6	)	)	PUNCT
fbem-8689	110	7	lsize	lsize	NOUN
fbem-8689	110	8	-0.012	-0.012	PUNCT
fbem-8689	111	1	*	*	PUNCT
fbem-8689	111	2	*	*	PUNCT
fbem-8689	111	3	*	*	PUNCT
fbem-8689	111	4	(	(	PUNCT
fbem-8689	111	5	-11.74	-11.74	ADJ
fbem-8689	111	6	)	)	PUNCT
fbem-8689	111	7	-0.038	-0.038	NOUN
fbem-8689	111	8	*	*	PUNCT
fbem-8689	111	9	*	*	PUNCT
fbem-8689	111	10	*	*	PUNCT
fbem-8689	111	11	(	(	PUNCT
fbem-8689	111	12	-13.06	-13.06	PROPN
fbem-8689	111	13	)	)	PUNCT
fbem-8689	111	14	-0.012	-0.012	NOUN
fbem-8689	111	15	*	*	PUNCT
fbem-8689	111	16	*	*	PUNCT
fbem-8689	111	17	*	*	PUNCT
fbem-8689	111	18	(	(	PUNCT
fbem-8689	111	19	-9.95	-9.95	NOUN
fbem-8689	111	20	)	)	PUNCT
fbem-8689	111	21	profit	profit	NOUN
fbem-8689	111	22	0.115	0.115	NUM
fbem-8689	111	23	*	*	PUNCT
fbem-8689	112	1	*	*	PUNCT
fbem-8689	112	2	*	*	PUNCT
fbem-8689	112	3	(	(	PUNCT
fbem-8689	112	4	12.89	12.89	NUM
fbem-8689	112	5	)	)	PUNCT
fbem-8689	112	6	0.119	0.119	NUM
fbem-8689	112	7	*	*	PUNCT
fbem-8689	112	8	*	*	PUNCT
fbem-8689	112	9	*	*	PUNCT
fbem-8689	112	10	(	(	PUNCT
fbem-8689	112	11	15.05	15.05	NUM
fbem-8689	112	12	)	)	PUNCT
fbem-8689	112	13	0.115	0.115	NUM
fbem-8689	112	14	*	*	PUNCT
fbem-8689	112	15	*	*	PUNCT
fbem-8689	112	16	*	*	PUNCT
fbem-8689	112	17	(	(	PUNCT
fbem-8689	112	18	13.10	13.10	NUM
fbem-8689	112	19	)	)	PUNCT
fbem-8689	112	20	growth	growth	NOUN
fbem-8689	112	21	-0.013	-0.013	PUNCT
fbem-8689	112	22	*	*	PUNCT
fbem-8689	112	23	*	*	PUNCT
fbem-8689	112	24	*	*	PUNCT
fbem-8689	112	25	(	(	PUNCT
fbem-8689	112	26	-2.82	-2.82	NOUN
fbem-8689	112	27	)	)	PUNCT
fbem-8689	112	28	0.001	0.001	NUM
fbem-8689	112	29	(	(	PUNCT
fbem-8689	112	30	0.40	0.40	NUM
fbem-8689	112	31	)	)	PUNCT
fbem-8689	112	32	-0.013	-0.013	PUNCT
fbem-8689	112	33	*	*	PUNCT
fbem-8689	112	34	*	*	PUNCT
fbem-8689	112	35	*	*	PUNCT
fbem-8689	112	36	(	(	PUNCT
fbem-8689	112	37	-2.95	-2.95	NOUN
fbem-8689	112	38	)	)	PUNCT
fbem-8689	112	39	_	_	NOUN
fbem-8689	112	40	cons	con	NOUN
fbem-8689	112	41	0.309	0.309	NOUN
fbem-8689	112	42	*	*	PUNCT
fbem-8689	112	43	*	*	PUNCT
fbem-8689	112	44	*	*	PUNCT
fbem-8689	112	45	(	(	PUNCT
fbem-8689	112	46	13.38	13.38	NUM
fbem-8689	112	47	)	)	PUNCT
fbem-8689	112	48	0.909	0.909	NUM
fbem-8689	112	49	*	*	PUNCT
fbem-8689	112	50	*	*	PUNCT
fbem-8689	112	51	*	*	PUNCT
fbem-8689	112	52	(	(	PUNCT
fbem-8689	112	53	13.87	13.87	NUM
fbem-8689	112	54	)	)	PUNCT
fbem-8689	112	55	0.291	0.291	NUM
fbem-8689	112	56	*	*	PUNCT
fbem-8689	112	57	*	*	PUNCT
fbem-8689	112	58	*	*	PUNCT
fbem-8689	112	59	(	(	PUNCT
fbem-8689	112	60	10.58	10.58	NUM
fbem-8689	112	61	)	)	PUNCT
fbem-8689	112	62	year	year	NOUN
fbem-8689	112	63	control	control	NOUN
fbem-8689	112	64	control	control	PROPN
fbem-8689	112	65	control	control	PROPN
fbem-8689	112	66	industry	industry	NOUN
fbem-8689	112	67	control	control	PROPN
fbem-8689	112	68	control	control	PROPN
fbem-8689	112	69	control	control	PROPN
fbem-8689	112	70	sample	sample	PROPN
fbem-8689	112	71	size	size	NOUN
fbem-8689	112	72	12,198	12,198	NUM
fbem-8689	112	73	12,198	12,198	NUM
fbem-8689	112	74	12,198	12,198	NUM
fbem-8689	112	75	adj	adj	NOUN
fbem-8689	112	76	-	-	PUNCT
fbem-8689	112	77	r2	r2	NOUN
fbem-8689	112	78	0.712	0.712	NUM
fbem-8689	112	79	0.284	0.284	NUM
fbem-8689	112	80	.	.	PUNCT
fbem-8689	113	1	f	f	PROPN
fbem-8689	113	2	737.3	737.3	NUM
fbem-8689	113	3	573.9	573.9	NUM
fbem-8689	113	4	.	.	PUNCT
fbem-8689	114	1	number	number	NOUN
fbem-8689	114	2	of	of	ADP
fbem-8689	114	3	code	code	NOUN
fbem-8689	114	4	2,033	2,033	NUM
fbem-8689	114	5	2,033	2,033	NUM
fbem-8689	114	6	2,033	2,033	NUM
fbem-8689	114	7	robust	robust	ADJ
fbem-8689	114	8	t	t	NOUN
fbem-8689	114	9	-	-	PUNCT
fbem-8689	114	10	statistics	statistic	NOUN
fbem-8689	114	11	in	in	ADP
fbem-8689	114	12	parentheses	parenthesis	NOUN
fbem-8689	114	13	*	*	PUNCT
fbem-8689	114	14	*	*	PUNCT
fbem-8689	114	15	*	*	PUNCT
fbem-8689	114	16	p<0.01	p<0.01	PROPN
fbem-8689	114	17	,	,	PUNCT
fbem-8689	114	18	*	*	PUNCT
fbem-8689	114	19	*	*	PUNCT
fbem-8689	114	20	p<0.05	p<0.05	NOUN
fbem-8689	114	21	,	,	PUNCT
fbem-8689	114	22	*	*	SYM
fbem-8689	114	23	p<0.1	p<0.1	NUM
fbem-8689	114	24	in	in	ADP
fbem-8689	114	25	this	this	DET
fbem-8689	114	26	paper	paper	NOUN
fbem-8689	114	27	,	,	PUNCT
fbem-8689	114	28	the	the	DET
fbem-8689	114	29	hausmann	hausmann	PROPN
fbem-8689	114	30	test	test	NOUN
fbem-8689	114	31	and	and	CCONJ
fbem-8689	114	32	other	other	ADJ
fbem-8689	114	33	methods	method	NOUN
fbem-8689	114	34	are	be	AUX
fbem-8689	114	35	used	use	VERB
fbem-8689	114	36	to	to	PART
fbem-8689	114	37	identify	identify	VERB
fbem-8689	114	38	the	the	DET
fbem-8689	114	39	three	three	NUM
fbem-8689	114	40	models	model	NOUN
fbem-8689	114	41	,	,	PUNCT
fbem-8689	114	42	and	and	CCONJ
fbem-8689	114	43	it	it	PRON
fbem-8689	114	44	is	be	AUX
fbem-8689	114	45	concluded	conclude	VERB
fbem-8689	114	46	that	that	SCONJ
fbem-8689	114	47	the	the	DET
fbem-8689	114	48	fixed	fix	VERB
fbem-8689	114	49	effect	effect	NOUN
fbem-8689	114	50	model	model	NOUN
fbem-8689	114	51	is	be	AUX
fbem-8689	114	52	the	the	DET
fbem-8689	114	53	best	good	ADJ
fbem-8689	114	54	choice	choice	NOUN
fbem-8689	114	55	.	.	PUNCT
fbem-8689	115	1	therefore	therefore	ADV
fbem-8689	115	2	,	,	PUNCT
fbem-8689	115	3	the	the	DET
fbem-8689	115	4	output	output	NOUN
fbem-8689	115	5	results	result	NOUN
fbem-8689	115	6	of	of	ADP
fbem-8689	115	7	the	the	DET
fbem-8689	115	8	fixed	fix	VERB
fbem-8689	115	9	effect	effect	NOUN
fbem-8689	115	10	model	model	NOUN
fbem-8689	115	11	are	be	AUX
fbem-8689	115	12	used	use	VERB
fbem-8689	115	13	as	as	ADP
fbem-8689	115	14	the	the	DET
fbem-8689	115	15	basis	basis	NOUN
fbem-8689	115	16	for	for	ADP
fbem-8689	115	17	the	the	DET
fbem-8689	115	18	corresponding	corresponding	ADJ
fbem-8689	115	19	analysis	analysis	NOUN
fbem-8689	115	20	.	.	PUNCT
fbem-8689	116	1	table	table	NOUN
fbem-8689	116	2	4	4	NUM
fbem-8689	116	3	shows	show	VERB
fbem-8689	116	4	that	that	SCONJ
fbem-8689	116	5	the	the	DET
fbem-8689	116	6	regression	regression	NOUN
fbem-8689	116	7	coefficient	coefficient	NOUN
fbem-8689	116	8	of	of	ADP
fbem-8689	116	9	ffi	ffi	PROPN
fbem-8689	116	10	,	,	PUNCT
fbem-8689	116	11	t-1	t-1	PROPN
fbem-8689	116	12	is	be	AUX
fbem-8689	116	13	0.426	0.426	NUM
fbem-8689	116	14	.	.	PUNCT
fbem-8689	117	1	according	accord	VERB
fbem-8689	117	2	to	to	ADP
fbem-8689	117	3	the	the	DET
fbem-8689	117	4	meaning	meaning	NOUN
fbem-8689	117	5	set	set	VERB
fbem-8689	117	6	by	by	ADP
fbem-8689	117	7	the	the	DET
fbem-8689	117	8	coefficient	coefficient	NOUN
fbem-8689	117	9	in	in	ADP
fbem-8689	117	10	the	the	DET
fbem-8689	117	11	model	model	NOUN
fbem-8689	117	12	,	,	PUNCT
fbem-8689	117	13	it	it	PRON
fbem-8689	117	14	can	can	AUX
fbem-8689	117	15	be	be	AUX
fbem-8689	117	16	concluded	conclude	VERB
fbem-8689	117	17	that	that	SCONJ
fbem-8689	117	18	0.574	0.574	NUM
fbem-8689	117	19	+	+	NUM
fbem-8689	117	20	0.001uc	0.001uc	PROPN
fbem-8689	117	21	is	be	AUX
fbem-8689	117	22	the	the	DET
fbem-8689	117	23	dynamic	dynamic	ADJ
fbem-8689	117	24	adjustment	adjustment	NOUN
fbem-8689	117	25	speed	speed	NOUN
fbem-8689	117	26	of	of	ADP
fbem-8689	117	27	the	the	DET
fbem-8689	117	28	enterprise	enterprise	NOUN
fbem-8689	117	29	's	's	PART
fbem-8689	117	30	financial	financial	ADJ
fbem-8689	117	31	flexibility	flexibility	NOUN
fbem-8689	117	32	.	.	PUNCT
fbem-8689	118	1	on	on	ADP
fbem-8689	118	2	this	this	DET
fbem-8689	118	3	basis	basis	NOUN
fbem-8689	118	4	,	,	PUNCT
fbem-8689	118	5	the	the	DET
fbem-8689	118	6	mean	mean	ADJ
fbem-8689	118	7	value	value	NOUN
fbem-8689	118	8	of	of	ADP
fbem-8689	118	9	environmental	environmental	ADJ
fbem-8689	118	10	uncertainty	uncertainty	NOUN
fbem-8689	118	11	is	be	AUX
fbem-8689	118	12	brought	bring	VERB
fbem-8689	118	13	into	into	ADP
fbem-8689	118	14	the	the	DET
fbem-8689	118	15	results	result	NOUN
fbem-8689	118	16	,	,	PUNCT
fbem-8689	118	17	and	and	CCONJ
fbem-8689	118	18	the	the	DET
fbem-8689	118	19	dynamic	dynamic	ADJ
fbem-8689	118	20	adjustment	adjustment	NOUN
fbem-8689	118	21	speed	speed	NOUN
fbem-8689	118	22	of	of	ADP
fbem-8689	118	23	financial	financial	ADJ
fbem-8689	118	24	flexibility	flexibility	NOUN
fbem-8689	118	25	is	be	AUX
fbem-8689	118	26	57.89	57.89	NUM
fbem-8689	118	27	%	%	NOUN
fbem-8689	118	28	after	after	ADP
fbem-8689	118	29	calculation	calculation	NOUN
fbem-8689	118	30	.	.	PUNCT
fbem-8689	119	1	however	however	ADV
fbem-8689	119	2	,	,	PUNCT
fbem-8689	119	3	this	this	DET
fbem-8689	119	4	value	value	NOUN
fbem-8689	119	5	was	be	AUX
fbem-8689	119	6	57.40	57.40	NUM
fbem-8689	119	7	%	%	NOUN
fbem-8689	119	8	before	before	SCONJ
fbem-8689	119	9	it	it	PRON
fbem-8689	119	10	was	be	AUX
fbem-8689	119	11	brought	bring	VERB
fbem-8689	119	12	in	in	ADP
fbem-8689	119	13	,	,	PUNCT
fbem-8689	119	14	indicating	indicate	VERB
fbem-8689	119	15	that	that	SCONJ
fbem-8689	119	16	environmental	environmental	ADJ
fbem-8689	119	17	uncertainty	uncertainty	NOUN
fbem-8689	119	18	has	have	VERB
fbem-8689	119	19	a	a	DET
fbem-8689	119	20	positive	positive	ADJ
fbem-8689	119	21	promoting	promote	VERB
fbem-8689	119	22	effect	effect	NOUN
fbem-8689	119	23	on	on	ADP
fbem-8689	119	24	the	the	DET
fbem-8689	119	25	dynamic	dynamic	ADJ
fbem-8689	119	26	adjustment	adjustment	NOUN
fbem-8689	119	27	speed	speed	NOUN
fbem-8689	119	28	of	of	ADP
fbem-8689	119	29	financial	financial	ADJ
fbem-8689	119	30	flexibility	flexibility	NOUN
fbem-8689	119	31	.	.	PUNCT
fbem-8689	120	1	the	the	DET
fbem-8689	120	2	empirical	empirical	ADJ
fbem-8689	120	3	result	result	NOUN
fbem-8689	120	4	shows	show	VERB
fbem-8689	120	5	that	that	SCONJ
fbem-8689	120	6	the	the	DET
fbem-8689	120	7	dynamic	dynamic	ADJ
fbem-8689	120	8	adjustment	adjustment	NOUN
fbem-8689	120	9	speed	speed	NOUN
fbem-8689	120	10	of	of	ADP
fbem-8689	120	11	corporate	corporate	ADJ
fbem-8689	120	12	financial	financial	ADJ
fbem-8689	120	13	flexibility	flexibility	NOUN
fbem-8689	120	14	increases	increase	VERB
fbem-8689	120	15	with	with	ADP
fbem-8689	120	16	the	the	DET
fbem-8689	120	17	increase	increase	NOUN
fbem-8689	120	18	of	of	ADP
fbem-8689	120	19	environmental	environmental	ADJ
fbem-8689	120	20	uncertainty	uncertainty	NOUN
fbem-8689	120	21	,	,	PUNCT
fbem-8689	120	22	and	and	CCONJ
fbem-8689	120	23	hypothesis	hypothesis	NOUN
fbem-8689	120	24	1	1	NUM
fbem-8689	120	25	is	be	AUX
fbem-8689	120	26	valid	valid	ADJ
fbem-8689	120	27	.	.	PUNCT
fbem-8689	121	1	5.1.2	5.1.2	X
fbem-8689	121	2	.	.	X
fbem-8689	121	3	regression	regression	NOUN
fbem-8689	121	4	analysis	analysis	NOUN
fbem-8689	121	5	of	of	ADP
fbem-8689	121	6	the	the	DET
fbem-8689	121	7	influence	influence	NOUN
fbem-8689	121	8	of	of	ADP
fbem-8689	121	9	environmental	environmental	ADJ
fbem-8689	121	10	uncertainty	uncertainty	NOUN
fbem-8689	121	11	changes	change	VERB
fbem-8689	121	12	on	on	ADP
fbem-8689	121	13	the	the	DET
fbem-8689	121	14	dynamic	dynamic	ADJ
fbem-8689	121	15	adjustment	adjustment	NOUN
fbem-8689	121	16	of	of	ADP
fbem-8689	121	17	corporate	corporate	ADJ
fbem-8689	121	18	financial	financial	ADJ
fbem-8689	121	19	flexibility	flexibility	NOUN
fbem-8689	121	20	table	table	NOUN
fbem-8689	121	21	5	5	NUM
fbem-8689	121	22	reports	report	VERB
fbem-8689	121	23	the	the	DET
fbem-8689	121	24	results	result	NOUN
fbem-8689	121	25	of	of	ADP
fbem-8689	121	26	multiple	multiple	ADJ
fbem-8689	121	27	regression	regression	NOUN
fbem-8689	121	28	analysis	analysis	NOUN
fbem-8689	121	29	of	of	ADP
fbem-8689	121	30	the	the	DET
fbem-8689	121	31	model	model	NOUN
fbem-8689	121	32	(	(	PUNCT
fbem-8689	121	33	5	5	NUM
fbem-8689	121	34	)	)	PUNCT
fbem-8689	121	35	,	,	PUNCT
fbem-8689	121	36	and	and	CCONJ
fbem-8689	121	37	verifies	verifie	NOUN
fbem-8689	121	38	hypothesis	hypothesis	VERB
fbem-8689	121	39	2	2	NUM
fbem-8689	121	40	to	to	PART
fbem-8689	121	41	test	test	VERB
fbem-8689	121	42	whether	whether	SCONJ
fbem-8689	121	43	the	the	DET
fbem-8689	121	44	hypothesis	hypothesis	NOUN
fbem-8689	121	45	is	be	AUX
fbem-8689	121	46	valid	valid	ADJ
fbem-8689	121	47	.	.	PUNCT
fbem-8689	122	1	this	this	DET
fbem-8689	122	2	paper	paper	NOUN
fbem-8689	122	3	first	first	ADV
fbem-8689	122	4	uses	use	VERB
fbem-8689	122	5	appropriate	appropriate	ADJ
fbem-8689	122	6	methods	method	NOUN
fbem-8689	122	7	to	to	PART
fbem-8689	122	8	identify	identify	VERB
fbem-8689	122	9	the	the	DET
fbem-8689	122	10	use	use	NOUN
fbem-8689	122	11	of	of	ADP
fbem-8689	122	12	models	model	NOUN
fbem-8689	122	13	.	.	PUNCT
fbem-8689	123	1	after	after	ADP
fbem-8689	123	2	fully	fully	ADV
fbem-8689	123	3	comparing	compare	VERB
fbem-8689	123	4	the	the	DET
fbem-8689	123	5	fitting	fitting	ADJ
fbem-8689	123	6	effects	effect	NOUN
fbem-8689	123	7	of	of	ADP
fbem-8689	123	8	mixed	mixed	ADJ
fbem-8689	123	9	effects	effect	NOUN
fbem-8689	123	10	,	,	PUNCT
fbem-8689	123	11	fixed	fix	VERB
fbem-8689	123	12	effects	effect	NOUN
fbem-8689	123	13	,	,	PUNCT
fbem-8689	123	14	and	and	CCONJ
fbem-8689	123	15	random	random	ADJ
fbem-8689	123	16	effects	effect	NOUN
fbem-8689	123	17	models	model	NOUN
fbem-8689	123	18	,	,	PUNCT
fbem-8689	123	19	this	this	DET
fbem-8689	123	20	paper	paper	NOUN
fbem-8689	123	21	considers	consider	VERB
fbem-8689	123	22	the	the	DET
fbem-8689	123	23	fixed	fix	VERB
fbem-8689	123	24	effects	effect	NOUN
fbem-8689	123	25	model	model	NOUN
fbem-8689	123	26	as	as	ADP
fbem-8689	123	27	the	the	DET
fbem-8689	123	28	best	good	ADJ
fbem-8689	123	29	choice	choice	NOUN
fbem-8689	123	30	,	,	PUNCT
fbem-8689	123	31	so	so	SCONJ
fbem-8689	123	32	this	this	DET
fbem-8689	123	33	paper	paper	NOUN
fbem-8689	123	34	makes	make	VERB
fbem-8689	123	35	a	a	DET
fbem-8689	123	36	corresponding	corresponding	ADJ
fbem-8689	123	37	analysis	analysis	NOUN
fbem-8689	123	38	on	on	ADP
fbem-8689	123	39	this	this	DET
fbem-8689	123	40	basis	basis	NOUN
fbem-8689	123	41	.	.	PUNCT
fbem-8689	124	1	it	it	PRON
fbem-8689	124	2	can	can	AUX
fbem-8689	124	3	be	be	AUX
fbem-8689	124	4	seen	see	VERB
fbem-8689	124	5	from	from	ADP
fbem-8689	124	6	table	table	NOUN
fbem-8689	124	7	5	5	NUM
fbem-8689	124	8	-	-	SYM
fbem-8689	124	9	2	2	NUM
fbem-8689	124	10	that	that	SCONJ
fbem-8689	124	11	the	the	DET
fbem-8689	124	12	coefficient	coefficient	NOUN
fbem-8689	124	13	of	of	ADP
fbem-8689	124	14	ffi	ffi	PROPN
fbem-8689	124	15	,	,	PUNCT
fbem-8689	124	16	t-1	t-1	PROPN
fbem-8689	124	17	is	be	AUX
fbem-8689	124	18	0.405	0.405	NUM
fbem-8689	124	19	,	,	PUNCT
fbem-8689	124	20	and	and	CCONJ
fbem-8689	124	21	the	the	DET
fbem-8689	124	22	dynamic	dynamic	ADJ
fbem-8689	124	23	adjustment	adjustment	NOUN
fbem-8689	124	24	speed	speed	NOUN
fbem-8689	124	25	of	of	ADP
fbem-8689	124	26	financial	financial	ADJ
fbem-8689	124	27	flexibility	flexibility	NOUN
fbem-8689	124	28	is	be	AUX
fbem-8689	124	29	0.595	0.595	NUM
fbem-8689	124	30	+	+	NOUN
fbem-8689	124	31	0.007	0.007	NUM
fbem-8689	124	32	△	△	X
fbem-8689	124	33	uc	uc	VERB
fbem-8689	124	34	according	accord	VERB
fbem-8689	124	35	to	to	ADP
fbem-8689	124	36	the	the	DET
fbem-8689	124	37	setting	setting	NOUN
fbem-8689	124	38	meaning	meaning	NOUN
fbem-8689	124	39	of	of	ADP
fbem-8689	124	40	the	the	DET
fbem-8689	124	41	model	model	NOUN
fbem-8689	124	42	coefficient	coefficient	NOUN
fbem-8689	124	43	,	,	PUNCT
fbem-8689	124	44	which	which	PRON
fbem-8689	124	45	also	also	ADV
fbem-8689	124	46	indicates	indicate	VERB
fbem-8689	124	47	that	that	SCONJ
fbem-8689	124	48	the	the	DET
fbem-8689	124	49	dynamic	dynamic	ADJ
fbem-8689	124	50	adjustment	adjustment	NOUN
fbem-8689	124	51	speed	speed	NOUN
fbem-8689	124	52	of	of	ADP
fbem-8689	124	53	financial	financial	ADJ
fbem-8689	124	54	flexibility	flexibility	NOUN
fbem-8689	124	55	of	of	ADP
fbem-8689	124	56	enterprises	enterprise	NOUN
fbem-8689	124	57	increases	increase	VERB
fbem-8689	124	58	with	with	ADP
fbem-8689	124	59	the	the	DET
fbem-8689	124	60	increase	increase	NOUN
fbem-8689	124	61	of	of	ADP
fbem-8689	124	62	the	the	DET
fbem-8689	124	63	change	change	NOUN
fbem-8689	124	64	range	range	NOUN
fbem-8689	124	65	of	of	ADP
fbem-8689	124	66	environmental	environmental	ADJ
fbem-8689	124	67	uncertainty	uncertainty	NOUN
fbem-8689	124	68	.	.	PUNCT
fbem-8689	125	1	hypothesis	hypothesis	NOUN
fbem-8689	125	2	2	2	NUM
fbem-8689	125	3	is	be	AUX
fbem-8689	125	4	validated	validate	VERB
fbem-8689	125	5	.	.	PUNCT
fbem-8689	126	1	table	table	NOUN
fbem-8689	126	2	5	5	NUM
fbem-8689	126	3	.	.	PUNCT
fbem-8689	127	1	regression	regression	VERB
fbem-8689	127	2	analysis	analysis	NOUN
fbem-8689	127	3	of	of	ADP
fbem-8689	127	4	the	the	DET
fbem-8689	127	5	change	change	NOUN
fbem-8689	127	6	of	of	ADP
fbem-8689	127	7	environmental	environmental	ADJ
fbem-8689	127	8	uncertainty	uncertainty	NOUN
fbem-8689	127	9	and	and	CCONJ
fbem-8689	127	10	the	the	DET
fbem-8689	127	11	dynamic	dynamic	ADJ
fbem-8689	127	12	adjustment	adjustment	NOUN
fbem-8689	127	13	speed	speed	NOUN
fbem-8689	127	14	of	of	ADP
fbem-8689	127	15	financial	financial	ADJ
fbem-8689	127	16	flexibility	flexibility	NOUN
fbem-8689	127	17	variables	variable	VERB
fbem-8689	127	18	mixed	mixed	ADJ
fbem-8689	127	19	regression	regression	NOUN
fbem-8689	127	20	fixed	fix	VERB
fbem-8689	127	21	effect	effect	NOUN
fbem-8689	127	22	model	model	NOUN
fbem-8689	127	23	random	random	ADJ
fbem-8689	127	24	effects	effect	NOUN
fbem-8689	127	25	model	model	PROPN
fbem-8689	127	26	ffi	ffi	PROPN
fbem-8689	127	27	,	,	PUNCT
fbem-8689	127	28	t-1	t-1	PROPN
fbem-8689	127	29	0.704	0.704	NUM
fbem-8689	127	30	*	*	PUNCT
fbem-8689	127	31	*	*	PUNCT
fbem-8689	127	32	*	*	PUNCT
fbem-8689	127	33	(	(	PUNCT
fbem-8689	127	34	96.07	96.07	NUM
fbem-8689	127	35	)	)	PUNCT
fbem-8689	127	36	0.405	0.405	NUM
fbem-8689	127	37	*	*	PUNCT
fbem-8689	127	38	*	*	PUNCT
fbem-8689	127	39	*	*	PUNCT
fbem-8689	127	40	(	(	PUNCT
fbem-8689	127	41	31.71	31.71	NUM
fbem-8689	127	42	)	)	PUNCT
fbem-8689	127	43	0.704	0.704	NUM
fbem-8689	127	44	*	*	PUNCT
fbem-8689	127	45	*	*	PUNCT
fbem-8689	127	46	*	*	PUNCT
fbem-8689	127	47	(	(	PUNCT
fbem-8689	127	48	81.39	81.39	NUM
fbem-8689	127	49	)	)	PUNCT
fbem-8689	127	50	△	△	PROPN
fbem-8689	127	51	uc*ffi	uc*ffi	PROPN
fbem-8689	127	52	,	,	PUNCT
fbem-8689	127	53	t-1	t-1	PROPN
fbem-8689	127	54	-0.002	-0.002	PUNCT
fbem-8689	127	55	*	*	PUNCT
fbem-8689	127	56	*	*	PUNCT
fbem-8689	127	57	(	(	PUNCT
fbem-8689	127	58	-2.49	-2.49	NOUN
fbem-8689	127	59	)	)	PUNCT
fbem-8689	127	60	-0.007	-0.007	PUNCT
fbem-8689	127	61	*	*	PUNCT
fbem-8689	127	62	*	*	PUNCT
fbem-8689	127	63	*	*	PUNCT
fbem-8689	127	64	(	(	PUNCT
fbem-8689	127	65	-5.64	-5.64	INTJ
fbem-8689	127	66	)	)	PUNCT
fbem-8689	127	67	-0.002	-0.002	NOUN
fbem-8689	127	68	*	*	PUNCT
fbem-8689	127	69	*	*	PUNCT
fbem-8689	127	70	(	(	PUNCT
fbem-8689	127	71	-2.56	-2.56	NUM
fbem-8689	127	72	)	)	PUNCT
fbem-8689	127	73	△	△	PROPN
fbem-8689	127	74	uc	uc	NOUN
fbem-8689	127	75	0.001	0.001	NUM
fbem-8689	127	76	*	*	PUNCT
fbem-8689	127	77	*	*	PUNCT
fbem-8689	127	78	*	*	PUNCT
fbem-8689	127	79	(	(	PUNCT
fbem-8689	127	80	3.45	3.45	NUM
fbem-8689	127	81	)	)	PUNCT
fbem-8689	127	82	0.000	0.000	NUM
fbem-8689	127	83	*	*	PUNCT
fbem-8689	127	84	*	*	PUNCT
fbem-8689	127	85	*	*	PUNCT
fbem-8689	127	86	(	(	PUNCT
fbem-8689	127	87	3.03	3.03	NUM
fbem-8689	127	88	)	)	PUNCT
fbem-8689	127	89	0.001	0.001	NUM
fbem-8689	127	90	*	*	PUNCT
fbem-8689	127	91	*	*	PUNCT
fbem-8689	127	92	*	*	PUNCT
fbem-8689	127	93	(	(	PUNCT
fbem-8689	127	94	3.75	3.75	NUM
fbem-8689	127	95	)	)	PUNCT
fbem-8689	128	1	_	_	NOUN
fbem-8689	128	2	cons	con	NOUN
fbem-8689	128	3	0.319	0.319	NUM
fbem-8689	128	4	*	*	PUNCT
fbem-8689	128	5	*	*	PUNCT
fbem-8689	128	6	*	*	PUNCT
fbem-8689	128	7	(	(	PUNCT
fbem-8689	128	8	13.65	13.65	NUM
fbem-8689	128	9	)	)	PUNCT
fbem-8689	128	10	0.952	0.952	NUM
fbem-8689	128	11	*	*	PUNCT
fbem-8689	128	12	*	*	PUNCT
fbem-8689	128	13	*	*	PUNCT
fbem-8689	128	14	(	(	PUNCT
fbem-8689	128	15	9.15	9.15	NUM
fbem-8689	128	16	)	)	PUNCT
fbem-8689	128	17	0.302	0.302	NUM
fbem-8689	128	18	*	*	PUNCT
fbem-8689	128	19	*	*	PUNCT
fbem-8689	128	20	*	*	PUNCT
fbem-8689	128	21	(	(	PUNCT
fbem-8689	128	22	10.88	10.88	NUM
fbem-8689	128	23	)	)	PUNCT
fbem-8689	128	24	control	control	NOUN
fbem-8689	129	1	yes	yes	INTJ
fbem-8689	130	1	yes	yes	INTJ
fbem-8689	131	1	yes	yes	INTJ
fbem-8689	131	2	year	year	NOUN
fbem-8689	131	3	control	control	NOUN
fbem-8689	131	4	control	control	PROPN
fbem-8689	131	5	control	control	PROPN
fbem-8689	131	6	industry	industry	NOUN
fbem-8689	131	7	control	control	PROPN
fbem-8689	131	8	control	control	PROPN
fbem-8689	131	9	control	control	PROPN
fbem-8689	131	10	sample	sample	PROPN
fbem-8689	131	11	size	size	NOUN
fbem-8689	131	12	12,198	12,198	NUM
fbem-8689	131	13	12,198	12,198	NUM
fbem-8689	131	14	12,198	12,198	NUM
fbem-8689	131	15	adj	adj	NOUN
fbem-8689	131	16	-	-	PUNCT
fbem-8689	131	17	r2	r2	NOUN
fbem-8689	131	18	0.711	0.711	NUM
fbem-8689	131	19	0.408	0.408	NUM
fbem-8689	131	20	.	.	PUNCT
fbem-8689	132	1	f	f	X
fbem-8689	132	2	730.2	730.2	NUM
fbem-8689	132	3	313.3	313.3	NUM
fbem-8689	132	4	.	.	PUNCT
fbem-8689	133	1	number	number	NOUN
fbem-8689	133	2	of	of	ADP
fbem-8689	133	3	code	code	NOUN
fbem-8689	133	4	2,033	2,033	NUM
fbem-8689	133	5	2,033	2,033	NUM
fbem-8689	133	6	robust	robust	ADJ
fbem-8689	133	7	t	t	NOUN
fbem-8689	133	8	-	-	PUNCT
fbem-8689	133	9	statistics	statistic	NOUN
fbem-8689	133	10	in	in	ADP
fbem-8689	133	11	parentheses	parenthesis	NOUN
fbem-8689	133	12	*	*	PUNCT
fbem-8689	133	13	*	*	PUNCT
fbem-8689	133	14	*	*	PUNCT
fbem-8689	133	15	p<0.01	p<0.01	PROPN
fbem-8689	133	16	,	,	PUNCT
fbem-8689	133	17	*	*	PUNCT
fbem-8689	133	18	*	*	PUNCT
fbem-8689	133	19	p<0.05	p<0.05	NOUN
fbem-8689	133	20	,	,	PUNCT
fbem-8689	133	21	*	*	PUNCT
fbem-8689	133	22	p<0.1	p<0.1	NUM
fbem-8689	133	23	5.2	5.2	NUM
fbem-8689	133	24	.	.	PUNCT
fbem-8689	134	1	robustness	robustness	NOUN
fbem-8689	134	2	test	test	NOUN
fbem-8689	134	3	in	in	ADP
fbem-8689	134	4	order	order	NOUN
fbem-8689	134	5	to	to	PART
fbem-8689	134	6	ensure	ensure	VERB
fbem-8689	134	7	more	more	ADV
fbem-8689	134	8	stable	stable	ADJ
fbem-8689	134	9	and	and	CCONJ
fbem-8689	134	10	reliable	reliable	ADJ
fbem-8689	134	11	empirical	empirical	ADJ
fbem-8689	134	12	results	result	NOUN
fbem-8689	134	13	,	,	PUNCT
fbem-8689	134	14	the	the	DET
fbem-8689	134	15	robustness	robustness	NOUN
fbem-8689	134	16	test	test	NOUN
fbem-8689	134	17	of	of	ADP
fbem-8689	134	18	the	the	DET
fbem-8689	134	19	reduced	reduced	ADJ
fbem-8689	134	20	sample	sample	NOUN
fbem-8689	134	21	and	and	CCONJ
fbem-8689	134	22	the	the	DET
fbem-8689	134	23	financial	financial	ADJ
fbem-8689	134	24	flexibility	flexibility	NOUN
fbem-8689	134	25	threshold	threshold	NOUN
fbem-8689	134	26	test	test	NOUN
fbem-8689	134	27	was	be	AUX
fbem-8689	134	28	carried	carry	VERB
fbem-8689	134	29	out	out	ADP
fbem-8689	134	30	to	to	PART
fbem-8689	134	31	verify	verify	VERB
fbem-8689	134	32	the	the	DET
fbem-8689	134	33	robustness	robustness	NOUN
fbem-8689	134	34	of	of	ADP
fbem-8689	134	35	the	the	DET
fbem-8689	134	36	model	model	NOUN
fbem-8689	134	37	.	.	PUNCT
fbem-8689	135	1	table	table	NOUN
fbem-8689	135	2	6	6	NUM
fbem-8689	135	3	.	.	PUNCT
fbem-8689	136	1	robustness	robustness	NOUN
fbem-8689	136	2	test	test	NOUN
fbem-8689	136	3	results	result	NOUN
fbem-8689	136	4	of	of	ADP
fbem-8689	136	5	reduced	reduce	VERB
fbem-8689	136	6	samples	sample	NOUN
fbem-8689	136	7	variable	variable	NOUN
fbem-8689	136	8	s	s	PART
fbem-8689	136	9	(	(	PUNCT
fbem-8689	136	10	1	1	NUM
fbem-8689	136	11	)	)	PUNCT
fbem-8689	136	12	(	(	PUNCT
fbem-8689	136	13	2	2	NUM
fbem-8689	136	14	)	)	PUNCT
fbem-8689	136	15	(	(	PUNCT
fbem-8689	136	16	3	3	X
fbem-8689	136	17	)	)	PUNCT
fbem-8689	136	18	(	(	PUNCT
fbem-8689	136	19	4	4	X
fbem-8689	136	20	)	)	PUNCT
fbem-8689	136	21	ffi	ffi	PROPN
fbem-8689	136	22	,	,	PUNCT
fbem-8689	136	23	t-1	t-1	NOUN
fbem-8689	136	24	0.372	0.372	NUM
fbem-8689	136	25	*	*	PUNCT
fbem-8689	137	1	*	*	PUNCT
fbem-8689	137	2	*	*	PUNCT
fbem-8689	137	3	(	(	PUNCT
fbem-8689	137	4	15.79	15.79	NUM
fbem-8689	137	5	)	)	PUNCT
fbem-8689	137	6	0.351	0.351	NUM
fbem-8689	137	7	*	*	PUNCT
fbem-8689	138	1	*	*	PUNCT
fbem-8689	138	2	*	*	PUNCT
fbem-8689	138	3	(	(	PUNCT
fbem-8689	138	4	15.05	15.05	NUM
fbem-8689	138	5	)	)	PUNCT
fbem-8689	138	6	0.419	0.419	NUM
fbem-8689	138	7	*	*	PUNCT
fbem-8689	139	1	*	*	PUNCT
fbem-8689	139	2	*	*	PUNCT
fbem-8689	139	3	(	(	PUNCT
fbem-8689	139	4	49.60	49.60	NUM
fbem-8689	139	5	)	)	PUNCT
fbem-8689	139	6	0.398	0.398	NUM
fbem-8689	139	7	*	*	PUNCT
fbem-8689	140	1	*	*	PUNCT
fbem-8689	140	2	*	*	PUNCT
fbem-8689	140	3	(	(	PUNCT
fbem-8689	140	4	30.76	30.76	NUM
fbem-8689	140	5	)	)	PUNCT
fbem-8689	140	6	uc*ffi	uc*ffi	PROPN
fbem-8689	140	7	,	,	PUNCT
fbem-8689	140	8	t-1	t-1	PROPN
fbem-8689	140	9	0.003	0.003	NUM
fbem-8689	140	10	*	*	PUNCT
fbem-8689	140	11	*	*	PUNCT
fbem-8689	140	12	(	(	PUNCT
fbem-8689	140	13	-2.40	-2.40	NOUN
fbem-8689	140	14	)	)	PUNCT
fbem-8689	140	15	0.001	0.001	NUM
fbem-8689	140	16	*	*	NOUN
fbem-8689	140	17	*	*	PUNCT
fbem-8689	140	18	(	(	PUNCT
fbem-8689	140	19	-2.08	-2.08	NUM
fbem-8689	140	20	)	)	PUNCT
fbem-8689	140	21	uc	uc	NOUN
fbem-8689	140	22	0.001	0.001	NUM
fbem-8689	140	23	*	*	PUNCT
fbem-8689	140	24	*	*	PUNCT
fbem-8689	140	25	*	*	PUNCT
fbem-8689	140	26	(	(	PUNCT
fbem-8689	140	27	2.60	2.60	NUM
fbem-8689	140	28	)	)	PUNCT
fbem-8689	140	29	0.001	0.001	NUM
fbem-8689	140	30	*	*	PUNCT
fbem-8689	141	1	*	*	PUNCT
fbem-8689	141	2	*	*	PUNCT
fbem-8689	141	3	(	(	PUNCT
fbem-8689	141	4	5.62	5.62	NUM
fbem-8689	141	5	)	)	PUNCT
fbem-8689	141	6	△	△	PROPN
fbem-8689	141	7	uc*ffi	uc*ffi	PROPN
fbem-8689	141	8	,	,	PUNCT
fbem-8689	141	9	t-1	t-1	PROPN
fbem-8689	141	10	0.003	0.003	NUM
fbem-8689	141	11	*	*	PUNCT
fbem-8689	141	12	*	*	PUNCT
fbem-8689	141	13	(	(	PUNCT
fbem-8689	141	14	-2.29	-2.29	NOUN
fbem-8689	141	15	)	)	PUNCT
fbem-8689	141	16	0.008	0.008	NUM
fbem-8689	141	17	*	*	PUNCT
fbem-8689	141	18	*	*	PUNCT
fbem-8689	141	19	*	*	PUNCT
fbem-8689	141	20	(	(	PUNCT
fbem-8689	141	21	-5.77	-5.77	NUM
fbem-8689	141	22	)	)	PUNCT
fbem-8689	141	23	△	△	PROPN
fbem-8689	141	24	uc	uc	NOUN
fbem-8689	141	25	0.000	0.000	NUM
fbem-8689	141	26	*	*	PUNCT
fbem-8689	142	1	*	*	PUNCT
fbem-8689	142	2	(	(	PUNCT
fbem-8689	142	3	2.10	2.10	NUM
fbem-8689	142	4	)	)	PUNCT
fbem-8689	142	5	0.000	0.000	NUM
fbem-8689	142	6	(	(	PUNCT
fbem-8689	142	7	1.49	1.49	NUM
fbem-8689	142	8	)	)	PUNCT
fbem-8689	142	9	_	_	NOUN
fbem-8689	142	10	cons	con	NOUN
fbem-8689	142	11	0.787	0.787	NUM
fbem-8689	142	12	*	*	PUNCT
fbem-8689	143	1	*	*	PUNCT
fbem-8689	143	2	*	*	PUNCT
fbem-8689	143	3	(	(	PUNCT
fbem-8689	143	4	5.91	5.91	NUM
fbem-8689	143	5	)	)	PUNCT
fbem-8689	143	6	0.842	0.842	NUM
fbem-8689	143	7	*	*	PUNCT
fbem-8689	144	1	*	*	PUNCT
fbem-8689	144	2	*	*	PUNCT
fbem-8689	144	3	(	(	PUNCT
fbem-8689	144	4	6.27	6.27	NUM
fbem-8689	144	5	)	)	PUNCT
fbem-8689	144	6	0.826	0.826	NUM
fbem-8689	144	7	*	*	PUNCT
fbem-8689	145	1	*	*	PUNCT
fbem-8689	145	2	*	*	PUNCT
fbem-8689	145	3	(	(	PUNCT
fbem-8689	145	4	13.62	13.62	NUM
fbem-8689	145	5	)	)	PUNCT
fbem-8689	145	6	0.862	0.862	NUM
fbem-8689	145	7	*	*	PUNCT
fbem-8689	146	1	*	*	PUNCT
fbem-8689	146	2	*	*	PUNCT
fbem-8689	146	3	(	(	PUNCT
fbem-8689	146	4	8.94	8.94	NUM
fbem-8689	146	5	)	)	PUNCT
fbem-8689	146	6	control	control	NOUN
fbem-8689	147	1	yes	yes	INTJ
fbem-8689	148	1	yes	yes	INTJ
fbem-8689	149	1	yes	yes	INTJ
fbem-8689	150	1	yes	yes	INTJ
fbem-8689	150	2	year	year	NOUN
fbem-8689	150	3	control	control	PROPN
fbem-8689	150	4	control	control	PROPN
fbem-8689	150	5	control	control	PROPN
fbem-8689	150	6	control	control	PROPN
fbem-8689	150	7	industr	industr	PROPN
fbem-8689	150	8	y	y	PROPN
fbem-8689	150	9	control	control	PROPN
fbem-8689	150	10	control	control	PROPN
fbem-8689	150	11	control	control	PROPN
fbem-8689	150	12	control	control	PROPN
fbem-8689	150	13	sample	sample	PROPN
fbem-8689	150	14	size	size	NOUN
fbem-8689	150	15	6,108	6,108	NUM
fbem-8689	150	16	6,108	6,108	NUM
fbem-8689	150	17	12,198	12,198	NUM
fbem-8689	150	18	12,198	12,198	NUM
fbem-8689	150	19	numbe	numbe	NOUN
fbem-8689	150	20	r	r	NOUN
fbem-8689	150	21	of	of	ADP
fbem-8689	150	22	code	code	NOUN
fbem-8689	150	23	1,018	1,018	NUM
fbem-8689	150	24	1,018	1,018	NUM
fbem-8689	150	25	2,033	2,033	NUM
fbem-8689	150	26	2,033	2,033	NUM
fbem-8689	150	27	adj	adj	NOUN
fbem-8689	150	28	-	-	PUNCT
fbem-8689	150	29	r2	r2	NOUN
fbem-8689	150	30	0.232	0.232	NUM
fbem-8689	150	31	0.231	0.231	NUM
fbem-8689	150	32	0.267	0.267	NUM
fbem-8689	150	33	0.394	0.394	NUM
fbem-8689	150	34	f	f	PROPN
fbem-8689	150	35	59.89	59.89	NUM
fbem-8689	150	36	59.51	59.51	NUM
fbem-8689	150	37	540.3	540.3	NUM
fbem-8689	150	38	285.4	285.4	NUM
fbem-8689	150	39	robust	robust	ADJ
fbem-8689	150	40	t	t	NOUN
fbem-8689	150	41	-	-	PUNCT
fbem-8689	150	42	statistics	statistic	NOUN
fbem-8689	150	43	in	in	ADP
fbem-8689	150	44	parentheses	parenthesis	NOUN
fbem-8689	150	45	*	*	PUNCT
fbem-8689	150	46	*	*	PUNCT
fbem-8689	150	47	*	*	PUNCT
fbem-8689	150	48	p<0.01	p<0.01	PROPN
fbem-8689	150	49	,	,	PUNCT
fbem-8689	150	50	*	*	PUNCT
fbem-8689	150	51	*	*	PUNCT
fbem-8689	150	52	p<0.05	p<0.05	NOUN
fbem-8689	150	53	,	,	PUNCT
fbem-8689	150	54	*	*	PUNCT
fbem-8689	150	55	p<0.1	p<0.1	NUM
fbem-8689	150	56	5.2.1	5.2.1	NUM
fbem-8689	150	57	.	.	PUNCT
fbem-8689	151	1	financial	financial	ADJ
fbem-8689	151	2	flexibility	flexibility	NOUN
fbem-8689	151	3	threshold	threshold	NOUN
fbem-8689	151	4	test	test	NOUN
fbem-8689	151	5	according	accord	VERB
fbem-8689	151	6	to	to	ADP
fbem-8689	151	7	the	the	DET
fbem-8689	151	8	robustness	robustness	NOUN
fbem-8689	151	9	test	test	NOUN
fbem-8689	151	10	results	result	NOUN
fbem-8689	151	11	in	in	ADP
fbem-8689	151	12	table	table	NOUN
fbem-8689	151	13	6	6	NUM
fbem-8689	151	14	,	,	PUNCT
fbem-8689	151	15	there	there	PRON
fbem-8689	151	16	is	be	VERB
fbem-8689	151	17	no	no	DET
fbem-8689	151	18	significant	significant	ADJ
fbem-8689	151	19	difference	difference	NOUN
fbem-8689	151	20	between	between	ADP
fbem-8689	151	21	the	the	DET
fbem-8689	151	22	robustness	robustness	NOUN
fbem-8689	151	23	test	test	NOUN
fbem-8689	151	24	results	result	NOUN
fbem-8689	151	25	of	of	ADP
fbem-8689	151	26	the	the	DET
fbem-8689	151	27	reduced	reduce	VERB
fbem-8689	151	28	samples	sample	NOUN
fbem-8689	151	29	and	and	CCONJ
fbem-8689	151	30	the	the	DET
fbem-8689	151	31	threshold	threshold	NOUN
fbem-8689	151	32	test	test	NOUN
fbem-8689	151	33	results	result	NOUN
fbem-8689	151	34	of	of	ADP
fbem-8689	151	35	financial	financial	ADJ
fbem-8689	151	36	flexibility	flexibility	NOUN
fbem-8689	151	37	and	and	CCONJ
fbem-8689	151	38	the	the	DET
fbem-8689	151	39	empirical	empirical	ADJ
fbem-8689	151	40	results	result	NOUN
fbem-8689	151	41	.	.	PUNCT
fbem-8689	152	1	therefore	therefore	ADV
fbem-8689	152	2	,	,	PUNCT
fbem-8689	152	3	it	it	PRON
fbem-8689	152	4	can	can	AUX
fbem-8689	152	5	be	be	AUX
fbem-8689	152	6	determined	determine	VERB
fbem-8689	152	7	that	that	SCONJ
fbem-8689	152	8	the	the	DET
fbem-8689	152	9	hypothesis	hypothesis	NOUN
fbem-8689	152	10	that	that	PRON
fbem-8689	152	11	environmental	environmental	ADJ
fbem-8689	152	12	uncertainty	uncertainty	NOUN
fbem-8689	152	13	and	and	CCONJ
fbem-8689	152	14	its	its	PRON
fbem-8689	152	15	changes	change	NOUN
fbem-8689	152	16	have	have	VERB
fbem-8689	152	17	a	a	DET
fbem-8689	152	18	positive	positive	ADJ
fbem-8689	152	19	promoting	promoting	NOUN
fbem-8689	152	20	effect	effect	NOUN
fbem-8689	152	21	252	252	NUM
fbem-8689	152	22	on	on	ADP
fbem-8689	152	23	the	the	DET
fbem-8689	152	24	dynamic	dynamic	ADJ
fbem-8689	152	25	adjustment	adjustment	NOUN
fbem-8689	152	26	speed	speed	NOUN
fbem-8689	152	27	of	of	ADP
fbem-8689	152	28	financial	financial	ADJ
fbem-8689	152	29	flexibility	flexibility	NOUN
fbem-8689	152	30	is	be	AUX
fbem-8689	152	31	valid	valid	ADJ
fbem-8689	152	32	.	.	PUNCT
fbem-8689	153	1	that	that	PRON
fbem-8689	153	2	is	be	AUX
fbem-8689	153	3	,	,	PUNCT
fbem-8689	153	4	the	the	DET
fbem-8689	153	5	dynamic	dynamic	ADJ
fbem-8689	153	6	adjustment	adjustment	NOUN
fbem-8689	153	7	speed	speed	NOUN
fbem-8689	153	8	of	of	ADP
fbem-8689	153	9	financial	financial	ADJ
fbem-8689	153	10	flexibility	flexibility	NOUN
fbem-8689	153	11	will	will	AUX
fbem-8689	153	12	increase	increase	VERB
fbem-8689	153	13	with	with	ADP
fbem-8689	153	14	the	the	DET
fbem-8689	153	15	increase	increase	NOUN
fbem-8689	153	16	of	of	ADP
fbem-8689	153	17	environmental	environmental	ADJ
fbem-8689	153	18	uncertainty	uncertainty	NOUN
fbem-8689	153	19	and	and	CCONJ
fbem-8689	153	20	its	its	PRON
fbem-8689	153	21	range	range	NOUN
fbem-8689	153	22	of	of	ADP
fbem-8689	153	23	change	change	NOUN
fbem-8689	153	24	.	.	PUNCT
fbem-8689	154	1	6	6	X
fbem-8689	154	2	.	.	X
fbem-8689	154	3	research	research	NOUN
fbem-8689	154	4	conclusion	conclusion	NOUN
fbem-8689	154	5	and	and	CCONJ
fbem-8689	154	6	suggestion	suggestion	NOUN
fbem-8689	154	7	6.1	6.1	NUM
fbem-8689	154	8	.	.	PUNCT
fbem-8689	155	1	research	research	NOUN
fbem-8689	155	2	conclusions	conclusion	NOUN
fbem-8689	155	3	through	through	ADP
fbem-8689	155	4	the	the	DET
fbem-8689	155	5	study	study	NOUN
fbem-8689	155	6	of	of	ADP
fbem-8689	155	7	the	the	DET
fbem-8689	155	8	above	above	ADJ
fbem-8689	155	9	chapters	chapter	NOUN
fbem-8689	155	10	,	,	PUNCT
fbem-8689	155	11	the	the	DET
fbem-8689	155	12	research	research	NOUN
fbem-8689	155	13	conclusions	conclusion	NOUN
fbem-8689	155	14	of	of	ADP
fbem-8689	155	15	this	this	DET
fbem-8689	155	16	paper	paper	NOUN
fbem-8689	155	17	are	be	AUX
fbem-8689	155	18	as	as	SCONJ
fbem-8689	155	19	follows	follow	VERB
fbem-8689	155	20	:	:	PUNCT
fbem-8689	155	21	the	the	DET
fbem-8689	155	22	enterprise	enterprise	NOUN
fbem-8689	155	23	has	have	VERB
fbem-8689	155	24	a	a	DET
fbem-8689	155	25	reasonable	reasonable	ADJ
fbem-8689	155	26	level	level	NOUN
fbem-8689	155	27	of	of	ADP
fbem-8689	155	28	target	target	NOUN
fbem-8689	155	29	flexibility	flexibility	NOUN
fbem-8689	155	30	,	,	PUNCT
fbem-8689	155	31	and	and	CCONJ
fbem-8689	155	32	the	the	DET
fbem-8689	155	33	actual	actual	ADJ
fbem-8689	155	34	financial	financial	ADJ
fbem-8689	155	35	flexibility	flexibility	NOUN
fbem-8689	155	36	of	of	ADP
fbem-8689	155	37	the	the	DET
fbem-8689	155	38	enterprise	enterprise	NOUN
fbem-8689	155	39	will	will	AUX
fbem-8689	155	40	constantly	constantly	ADV
fbem-8689	155	41	converge	converge	VERB
fbem-8689	155	42	to	to	ADP
fbem-8689	155	43	the	the	DET
fbem-8689	155	44	target	target	NOUN
fbem-8689	155	45	.	.	PUNCT
fbem-8689	156	1	environmental	environmental	ADJ
fbem-8689	156	2	uncertainty	uncertainty	NOUN
fbem-8689	156	3	will	will	AUX
fbem-8689	156	4	accelerate	accelerate	VERB
fbem-8689	156	5	the	the	DET
fbem-8689	156	6	dynamic	dynamic	ADJ
fbem-8689	156	7	adjustment	adjustment	NOUN
fbem-8689	156	8	speed	speed	NOUN
fbem-8689	156	9	of	of	ADP
fbem-8689	156	10	financial	financial	ADJ
fbem-8689	156	11	flexibility	flexibility	NOUN
fbem-8689	156	12	.	.	PUNCT
fbem-8689	157	1	the	the	DET
fbem-8689	157	2	change	change	NOUN
fbem-8689	157	3	in	in	ADP
fbem-8689	157	4	environmental	environmental	ADJ
fbem-8689	157	5	uncertainty	uncertainty	NOUN
fbem-8689	157	6	will	will	AUX
fbem-8689	157	7	accelerate	accelerate	VERB
fbem-8689	157	8	the	the	DET
fbem-8689	157	9	dynamic	dynamic	ADJ
fbem-8689	157	10	adjustment	adjustment	NOUN
fbem-8689	157	11	speed	speed	NOUN
fbem-8689	157	12	of	of	ADP
fbem-8689	157	13	financial	financial	ADJ
fbem-8689	157	14	flexibility	flexibility	NOUN
fbem-8689	157	15	.	.	PUNCT
fbem-8689	158	1	through	through	ADP
fbem-8689	158	2	the	the	DET
fbem-8689	158	3	above	above	ADJ
fbem-8689	158	4	research	research	NOUN
fbem-8689	158	5	and	and	CCONJ
fbem-8689	158	6	analysis	analysis	NOUN
fbem-8689	158	7	,	,	PUNCT
fbem-8689	158	8	the	the	DET
fbem-8689	158	9	following	follow	VERB
fbem-8689	158	10	enlightenment	enlightenment	NOUN
fbem-8689	158	11	can	can	AUX
fbem-8689	158	12	be	be	AUX
fbem-8689	158	13	provided	provide	VERB
fbem-8689	158	14	for	for	ADP
fbem-8689	158	15	the	the	DET
fbem-8689	158	16	operation	operation	NOUN
fbem-8689	158	17	and	and	CCONJ
fbem-8689	158	18	management	management	NOUN
fbem-8689	158	19	activities	activity	NOUN
fbem-8689	158	20	of	of	ADP
fbem-8689	158	21	enterprises	enterprise	NOUN
fbem-8689	158	22	:	:	PUNCT
fbem-8689	158	23	improve	improve	VERB
fbem-8689	158	24	the	the	DET
fbem-8689	158	25	ability	ability	NOUN
fbem-8689	158	26	of	of	ADP
fbem-8689	158	27	enterprises	enterprise	NOUN
fbem-8689	158	28	to	to	PART
fbem-8689	158	29	cope	cope	VERB
fbem-8689	158	30	with	with	ADP
fbem-8689	158	31	environmental	environmental	ADJ
fbem-8689	158	32	uncertainties	uncertainty	NOUN
fbem-8689	158	33	.	.	PUNCT
fbem-8689	159	1	enterprises	enterprise	NOUN
fbem-8689	159	2	are	be	AUX
fbem-8689	159	3	faced	face	VERB
fbem-8689	159	4	with	with	ADP
fbem-8689	159	5	more	more	ADJ
fbem-8689	159	6	and	and	CCONJ
fbem-8689	159	7	more	more	ADV
fbem-8689	159	8	environmental	environmental	ADJ
fbem-8689	159	9	uncertainty	uncertainty	NOUN
fbem-8689	159	10	factors	factor	NOUN
fbem-8689	159	11	,	,	PUNCT
fbem-8689	159	12	and	and	CCONJ
fbem-8689	159	13	only	only	ADV
fbem-8689	159	14	the	the	DET
fbem-8689	159	15	competitiveness	competitiveness	NOUN
fbem-8689	159	16	of	of	ADP
fbem-8689	159	17	enterprises	enterprise	NOUN
fbem-8689	159	18	can	can	AUX
fbem-8689	159	19	be	be	AUX
fbem-8689	159	20	improved	improve	VERB
fbem-8689	159	21	qualitatively	qualitatively	ADV
fbem-8689	159	22	.	.	PUNCT
fbem-8689	160	1	only	only	ADV
fbem-8689	160	2	in	in	ADP
fbem-8689	160	3	this	this	DET
fbem-8689	160	4	way	way	NOUN
fbem-8689	160	5	can	can	AUX
fbem-8689	160	6	enterprises	enterprise	NOUN
fbem-8689	160	7	maintain	maintain	VERB
fbem-8689	160	8	their	their	PRON
fbem-8689	160	9	own	own	ADJ
fbem-8689	160	10	development	development	NOUN
fbem-8689	160	11	and	and	CCONJ
fbem-8689	160	12	growth	growth	NOUN
fbem-8689	160	13	in	in	ADP
fbem-8689	160	14	times	time	NOUN
fbem-8689	160	15	of	of	ADP
fbem-8689	160	16	economic	economic	ADJ
fbem-8689	160	17	turbulence	turbulence	NOUN
fbem-8689	160	18	.	.	PUNCT
fbem-8689	161	1	further	far	ADV
fbem-8689	161	2	,	,	PUNCT
fbem-8689	161	3	improve	improve	VERB
fbem-8689	161	4	enterprises	enterprise	NOUN
fbem-8689	161	5	'	'	PART
fbem-8689	161	6	attention	attention	NOUN
fbem-8689	161	7	to	to	ADP
fbem-8689	161	8	financial	financial	ADJ
fbem-8689	161	9	flexibility	flexibility	NOUN
fbem-8689	161	10	reserves	reserve	NOUN
fbem-8689	161	11	.	.	PUNCT
fbem-8689	162	1	enterprises	enterprise	NOUN
fbem-8689	162	2	should	should	AUX
fbem-8689	162	3	pay	pay	VERB
fbem-8689	162	4	more	more	ADJ
fbem-8689	162	5	attention	attention	NOUN
fbem-8689	162	6	to	to	ADP
fbem-8689	162	7	financial	financial	ADJ
fbem-8689	162	8	flexibility	flexibility	NOUN
fbem-8689	162	9	reserves	reserve	NOUN
fbem-8689	162	10	.	.	PUNCT
fbem-8689	163	1	enterprises	enterprise	NOUN
fbem-8689	163	2	should	should	AUX
fbem-8689	163	3	have	have	VERB
fbem-8689	163	4	and	and	CCONJ
fbem-8689	163	5	maintain	maintain	VERB
fbem-8689	163	6	the	the	DET
fbem-8689	163	7	ability	ability	NOUN
fbem-8689	163	8	to	to	PART
fbem-8689	163	9	timely	timely	ADV
fbem-8689	163	10	mobilize	mobilize	VERB
fbem-8689	163	11	financial	financial	ADJ
fbem-8689	163	12	resources	resource	NOUN
fbem-8689	163	13	,	,	PUNCT
fbem-8689	163	14	and	and	CCONJ
fbem-8689	163	15	grasp	grasp	VERB
fbem-8689	163	16	enough	enough	ADJ
fbem-8689	163	17	financial	financial	ADJ
fbem-8689	163	18	resources	resource	NOUN
fbem-8689	163	19	to	to	PART
fbem-8689	163	20	tide	tide	VERB
fbem-8689	163	21	them	they	PRON
fbem-8689	163	22	over	over	ADP
fbem-8689	163	23	when	when	SCONJ
fbem-8689	163	24	facing	face	VERB
fbem-8689	163	25	risks	risk	NOUN
fbem-8689	163	26	.	.	PUNCT
fbem-8689	164	1	enterprises	enterprise	NOUN
fbem-8689	164	2	should	should	AUX
fbem-8689	164	3	further	far	ADV
fbem-8689	164	4	analyze	analyze	VERB
fbem-8689	164	5	and	and	CCONJ
fbem-8689	164	6	understand	understand	VERB
fbem-8689	164	7	the	the	DET
fbem-8689	164	8	environmental	environmental	ADJ
fbem-8689	164	9	uncertainty	uncertainty	NOUN
fbem-8689	164	10	and	and	CCONJ
fbem-8689	164	11	its	its	PRON
fbem-8689	164	12	changing	change	VERB
fbem-8689	164	13	trend	trend	NOUN
fbem-8689	164	14	,	,	PUNCT
fbem-8689	164	15	and	and	CCONJ
fbem-8689	164	16	rationally	rationally	ADV
fbem-8689	164	17	allocate	allocate	VERB
fbem-8689	164	18	financial	financial	ADJ
fbem-8689	164	19	resources	resource	NOUN
fbem-8689	164	20	.	.	PUNCT
fbem-8689	165	1	enterprises	enterprise	NOUN
fbem-8689	165	2	should	should	AUX
fbem-8689	165	3	not	not	PART
fbem-8689	165	4	focus	focus	VERB
fbem-8689	165	5	on	on	ADP
fbem-8689	165	6	the	the	DET
fbem-8689	165	7	current	current	ADJ
fbem-8689	165	8	period	period	NOUN
fbem-8689	165	9	in	in	ADP
fbem-8689	165	10	the	the	DET
fbem-8689	165	11	decision	decision	NOUN
fbem-8689	165	12	-	-	PUNCT
fbem-8689	165	13	making	make	VERB
fbem-8689	165	14	process	process	NOUN
fbem-8689	165	15	,	,	PUNCT
fbem-8689	165	16	but	but	CCONJ
fbem-8689	165	17	should	should	AUX
fbem-8689	165	18	also	also	ADV
fbem-8689	165	19	establish	establish	VERB
fbem-8689	165	20	a	a	DET
fbem-8689	165	21	tracking	tracking	NOUN
fbem-8689	165	22	mechanism	mechanism	NOUN
fbem-8689	165	23	for	for	ADP
fbem-8689	165	24	environmental	environmental	ADJ
fbem-8689	165	25	uncertainty	uncertainty	NOUN
fbem-8689	165	26	changes	change	NOUN
fbem-8689	165	27	,	,	PUNCT
fbem-8689	165	28	so	so	SCONJ
fbem-8689	165	29	as	as	SCONJ
fbem-8689	165	30	to	to	PART
fbem-8689	165	31	achieve	achieve	VERB
fbem-8689	165	32	comprehensive	comprehensive	ADJ
fbem-8689	165	33	consideration	consideration	NOUN
fbem-8689	165	34	.	.	PUNCT
fbem-8689	166	1	references	reference	NOUN
fbem-8689	166	2	[	[	X
fbem-8689	166	3	1	1	NUM
fbem-8689	166	4	]	]	PUNCT
fbem-8689	166	5	cook	cook	NOUN
fbem-8689	166	6	,	,	PUNCT
fbem-8689	166	7	d.	d.	PROPN
fbem-8689	166	8	o.	o.	PROPN
fbem-8689	166	9	,	,	PUNCT
fbem-8689	166	10	tang	tang	PROPN
fbem-8689	166	11	,	,	PUNCT
fbem-8689	166	12	t.	t.	NOUN
fbem-8689	166	13	,	,	PUNCT
fbem-8689	166	14	macroeconomic	macroeconomic	ADJ
fbem-8689	166	15	conditions	condition	NOUN
fbem-8689	166	16	and	and	CCONJ
fbem-8689	166	17	capital	capital	NOUN
fbem-8689	166	18	structure	structure	NOUN
fbem-8689	166	19	adjustment	adjustment	NOUN
fbem-8689	166	20	speed	speed	NOUN
fbem-8689	166	21	,	,	PUNCT
fbem-8689	166	22	journal	journal	NOUN
fbem-8689	166	23	of	of	ADP
fbem-8689	166	24	corporate	corporate	ADJ
fbem-8689	166	25	finance	finance	NOUN
fbem-8689	166	26	,	,	PUNCT
fbem-8689	166	27	vol	vol	NOUN
fbem-8689	166	28	.	.	PROPN
fbem-8689	167	1	16	16	NUM
fbem-8689	167	2	(	(	PUNCT
fbem-8689	167	3	2010	2010	NUM
fbem-8689	167	4	)	)	PUNCT
fbem-8689	167	5	no.1	no.1	NOUN
fbem-8689	167	6	,	,	PUNCT
fbem-8689	167	7	p.73	p.73	NOUN
fbem-8689	167	8	-	-	X
fbem-8689	167	9	87	87	NUM
fbem-8689	167	10	.	.	PUNCT
fbem-8689	168	1	[	[	X
fbem-8689	168	2	2	2	NUM
fbem-8689	168	3	]	]	PUNCT
fbem-8689	168	4	tung	tung	PROPN
fbem-8689	168	5	r	r	PROPN
fbem-8689	168	6	l.	l.	NOUN
fbem-8689	168	7	dimension	dimension	NOUN
fbem-8689	168	8	of	of	ADP
fbem-8689	168	9	organizational	organizational	ADJ
fbem-8689	168	10	environments	environment	NOUN
fbem-8689	168	11	:	:	PUNCT
fbem-8689	168	12	an	an	DET
fbem-8689	168	13	exploratory	exploratory	ADJ
fbem-8689	168	14	study	study	NOUN
fbem-8689	168	15	of	of	ADP
fbem-8689	168	16	the	the	DET
fbem-8689	168	17	impact	impact	NOUN
fbem-8689	168	18	in	in	ADP
fbem-8689	168	19	organization	organization	NOUN
fbem-8689	168	20	structure	structure	NOUN
fbem-8689	168	21	.	.	PUNCT
fbem-8689	169	1	the	the	DET
fbem-8689	169	2	academy	academy	PROPN
fbem-8689	169	3	of	of	ADP
fbem-8689	169	4	management	management	PROPN
fbem-8689	169	5	journal	journal	PROPN
fbem-8689	169	6	,	,	PUNCT
fbem-8689	169	7	vol	vol	NOUN
fbem-8689	169	8	.	.	PROPN
fbem-8689	169	9	22	22	NUM
fbem-8689	169	10	(	(	PUNCT
fbem-8689	169	11	1979	1979	NUM
fbem-8689	169	12	)	)	PUNCT
fbem-8689	169	13	no.4	no.4	PROPN
fbem-8689	169	14	,	,	PUNCT
fbem-8689	169	15	p.672693	p.672693	NOUN
fbem-8689	169	16	[	[	X
fbem-8689	169	17	3	3	X
fbem-8689	169	18	]	]	X
fbem-8689	169	19	milliken	milliken	PROPN
fbem-8689	169	20	f	f	PROPN
fbem-8689	169	21	j.	j.	PROPN
fbem-8689	169	22	three	three	NUM
fbem-8689	169	23	types	type	NOUN
fbem-8689	169	24	of	of	ADP
fbem-8689	169	25	perceived	perceive	VERB
fbem-8689	169	26	uncertainty	uncertainty	NOUN
fbem-8689	169	27	about	about	ADP
fbem-8689	169	28	the	the	DET
fbem-8689	169	29	environment	environment	NOUN
fbem-8689	169	30	:	:	PUNCT
fbem-8689	169	31	state	state	NOUN
fbem-8689	169	32	,	,	PUNCT
fbem-8689	169	33	effect	effect	NOUN
fbem-8689	169	34	,	,	PUNCT
fbem-8689	169	35	and	and	CCONJ
fbem-8689	169	36	response	response	NOUN
fbem-8689	169	37	uncertainty	uncertainty	NOUN
fbem-8689	169	38	.	.	PUNCT
fbem-8689	170	1	academy	academy	PROPN
fbem-8689	170	2	of	of	ADP
fbem-8689	170	3	management	management	PROPN
fbem-8689	170	4	review	review	PROPN
fbem-8689	170	5	,	,	PUNCT
fbem-8689	170	6	vol	vol	NOUN
fbem-8689	170	7	.	.	PROPN
fbem-8689	170	8	12	12	NUM
fbem-8689	170	9	(	(	PUNCT
fbem-8689	170	10	1987	1987	NUM
fbem-8689	170	11	)	)	PUNCT
fbem-8689	170	12	no.1	no.1	NOUN
fbem-8689	170	13	,	,	PUNCT
fbem-8689	170	14	p.133143	p.133143	NOUN
fbem-8689	170	15	.	.	PUNCT
fbem-8689	171	1	[	[	X
fbem-8689	171	2	4	4	X
fbem-8689	171	3	]	]	X
fbem-8689	171	4	byoun	byoun	NOUN
fbem-8689	171	5	s.	s.	PROPN
fbem-8689	171	6	,	,	PUNCT
fbem-8689	171	7	how	how	SCONJ
fbem-8689	171	8	and	and	CCONJ
fbem-8689	171	9	when	when	SCONJ
fbem-8689	171	10	do	do	AUX
fbem-8689	171	11	firms	firm	NOUN
fbem-8689	171	12	adjust	adjust	VERB
fbem-8689	171	13	their	their	PRON
fbem-8689	171	14	capital	capital	NOUN
fbem-8689	171	15	structures	structure	NOUN
fbem-8689	171	16	toward	toward	ADP
fbem-8689	171	17	targets	target	NOUN
fbem-8689	171	18	"	"	PUNCT
fbem-8689	171	19	,	,	PUNCT
fbem-8689	171	20	the	the	DET
fbem-8689	171	21	journal	journal	NOUN
fbem-8689	171	22	of	of	ADP
fbem-8689	171	23	finance	finance	NOUN
fbem-8689	171	24	,	,	PUNCT
fbem-8689	171	25	vol	vol	NOUN
fbem-8689	171	26	.	.	PROPN
fbem-8689	171	27	63	63	NUM
fbem-8689	171	28	(	(	PUNCT
fbem-8689	171	29	2008	2008	NUM
fbem-8689	171	30	)	)	PUNCT
fbem-8689	171	31	no.6	no.6	PROPN
fbem-8689	171	32	,	,	PUNCT
fbem-8689	171	33	p.3069	p.3069	NOUN
fbem-8689	171	34	-	-	PUNCT
fbem-8689	171	35	3096	3096	NUM
fbem-8689	171	36	.	.	PUNCT
fbem-8689	172	1	[	[	X
fbem-8689	172	2	5	5	X
fbem-8689	172	3	]	]	PUNCT
fbem-8689	172	4	deangelo	deangelo	PROPN
fbem-8689	172	5	h.	h.	PROPN
fbem-8689	172	6	,	,	PUNCT
fbem-8689	172	7	deangelo	deangelo	PROPN
fbem-8689	172	8	l.	l.	PROPN
fbem-8689	172	9	,	,	PUNCT
fbem-8689	172	10	capital	capital	NOUN
fbem-8689	172	11	structure	structure	NOUN
fbem-8689	172	12	,	,	PUNCT
fbem-8689	172	13	payout	payout	ADJ
fbem-8689	172	14	policy	policy	NOUN
fbem-8689	172	15	,	,	PUNCT
fbem-8689	172	16	and	and	CCONJ
fbem-8689	172	17	financial	financial	ADJ
fbem-8689	172	18	flexibility	flexibility	NOUN
fbem-8689	172	19	"	"	PUNCT
fbem-8689	172	20	,	,	PUNCT
fbem-8689	172	21	working	work	VERB
fbem-8689	172	22	paper	paper	NOUN
fbem-8689	172	23	of	of	ADP
fbem-8689	172	24	marshall	marshall	PROPN
fbem-8689	172	25	business	business	PROPN
fbem-8689	172	26	school	school	PROPN
fbem-8689	172	27	,	,	PUNCT
fbem-8689	172	28	vol	vol	NOUN
fbem-8689	172	29	.	.	PROPN
fbem-8689	172	30	1	1	NUM
fbem-8689	172	31	(	(	PUNCT
fbem-8689	172	32	2007	2007	NUM
fbem-8689	172	33	)	)	PUNCT
fbem-8689	172	34	no.1	no.1	NOUN
fbem-8689	172	35	,	,	PUNCT
fbem-8689	172	36	p.1	p.1	NOUN
fbem-8689	172	37	-	-	PUNCT
fbem-8689	172	38	25	25	NUM
fbem-8689	172	39	.	.	PUNCT
fbem-8689	173	1	[	[	X
fbem-8689	173	2	6	6	NUM
fbem-8689	173	3	]	]	X
fbem-8689	173	4	y.	y.	PROPN
fbem-8689	173	5	ma	ma	PROPN
fbem-8689	173	6	,	,	PUNCT
fbem-8689	173	7	g.l	g.l	PROPN
fbem-8689	173	8	.	.	PROPN
fbem-8689	173	9	shi	shi	PROPN
fbem-8689	173	10	,	,	PUNCT
fbem-8689	173	11	y.t	y.t	PROPN
fbem-8689	173	12	.	.	PUNCT
fbem-8689	174	1	liu	liu	PROPN
fbem-8689	174	2	.	.	PUNCT
fbem-8689	175	1	research	research	NOUN
fbem-8689	175	2	on	on	ADP
fbem-8689	175	3	the	the	DET
fbem-8689	175	4	impact	impact	NOUN
fbem-8689	175	5	of	of	ADP
fbem-8689	175	6	environmental	environmental	ADJ
fbem-8689	175	7	uncertainty	uncertainty	NOUN
fbem-8689	175	8	on	on	ADP
fbem-8689	175	9	enterprise	enterprise	NOUN
fbem-8689	175	10	innovation	innovation	NOUN
fbem-8689	175	11	.	.	PUNCT
fbem-8689	176	1	theory	theory	NOUN
fbem-8689	176	2	&	&	CCONJ
fbem-8689	176	3	practice	practice	NOUN
fbem-8689	176	4	of	of	ADP
fbem-8689	176	5	finance	finance	NOUN
fbem-8689	176	6	and	and	CCONJ
fbem-8689	176	7	economics	economic	NOUN
fbem-8689	176	8	,	,	PUNCT
fbem-8689	176	9	vol	vol	NOUN
fbem-8689	176	10	.	.	PROPN
fbem-8689	177	1	43	43	NUM
fbem-8689	177	2	(	(	PUNCT
fbem-8689	177	3	2022	2022	NUM
fbem-8689	177	4	)	)	PUNCT
fbem-8689	177	5	no.1	no.1	NOUN
fbem-8689	177	6	,	,	PUNCT
fbem-8689	177	7	p.2	p.2	NOUN
fbem-8689	177	8	-	-	SYM
fbem-8689	177	9	8	8	NUM
fbem-8689	177	10	.	.	PUNCT
fbem-8689	178	1	[	[	X
fbem-8689	178	2	7	7	X
fbem-8689	178	3	]	]	X
fbem-8689	178	4	m.	m.	NOUN
fbem-8689	178	5	xing	xing	PROPN
fbem-8689	178	6	,	,	PUNCT
fbem-8689	178	7	d.	d.	PROPN
fbem-8689	178	8	chen	chen	PROPN
fbem-8689	178	9	,	,	PUNCT
fbem-8689	178	10	h.m	h.m	PROPN
fbem-8689	178	11	.	.	PROPN
fbem-8689	178	12	zhang	zhang	PROPN
fbem-8689	178	13	.	.	PUNCT
fbem-8689	179	1	the	the	DET
fbem-8689	179	2	impact	impact	NOUN
fbem-8689	179	3	of	of	ADP
fbem-8689	179	4	environmental	environmental	ADJ
fbem-8689	179	5	uncertainty	uncertainty	NOUN
fbem-8689	179	6	on	on	ADP
fbem-8689	179	7	enterprises	enterprise	NOUN
fbem-8689	179	8	'	'	PART
fbem-8689	179	9	'	'	NOUN
fbem-8689	179	10	transition	transition	NOUN
fbem-8689	179	11	from	from	ADP
fbem-8689	179	12	real	real	ADV
fbem-8689	179	13	to	to	ADP
fbem-8689	179	14	virtual	virtual	ADJ
fbem-8689	179	15	:	:	PUNCT
fbem-8689	179	16	empirical	empirical	ADJ
fbem-8689	179	17	evidence	evidence	NOUN
fbem-8689	179	18	from	from	ADP
fbem-8689	179	19	chinese	chinese	ADJ
fbem-8689	179	20	listed	list	VERB
fbem-8689	179	21	companies	company	NOUN
fbem-8689	179	22	.	.	PUNCT
fbem-8689	180	1	industrial	industrial	ADJ
fbem-8689	180	2	technical	technical	ADJ
fbem-8689	180	3	economics	economic	NOUN
fbem-8689	180	4	,	,	PUNCT
fbem-8689	180	5	vol	vol	NOUN
fbem-8689	180	6	.	.	PROPN
fbem-8689	181	1	41	41	NUM
fbem-8689	181	2	(	(	PUNCT
fbem-8689	181	3	2022	2022	NUM
fbem-8689	181	4	)	)	PUNCT
fbem-8689	181	5	no.10	no.10	ADJ
fbem-8689	181	6	,	,	PUNCT
fbem-8689	181	7	p.124	p.124	NUM
fbem-8689	181	8	-	-	SYM
fbem-8689	181	9	131	131	NUM
fbem-8689	181	10	.	.	PUNCT
fbem-8689	182	1	[	[	X
fbem-8689	182	2	8	8	NUM
fbem-8689	182	3	]	]	PUNCT
fbem-8689	182	4	a.m.	a.m.	PROPN
fbem-8689	182	5	zeng	zeng	PROPN
fbem-8689	182	6	,	,	PUNCT
fbem-8689	182	7	y.l	y.l	PROPN
fbem-8689	182	8	.	.	PROPN
fbem-8689	182	9	fu	fu	PROPN
fbem-8689	182	10	,	,	PUNCT
fbem-8689	182	11	z.h	z.h	PROPN
fbem-8689	182	12	.	.	PROPN
fbem-8689	182	13	wei	wei	PROPN
fbem-8689	182	14	.	.	PUNCT
fbem-8689	182	15	financial	financial	ADJ
fbem-8689	182	16	crisis	crisis	NOUN
fbem-8689	182	17	impact	impact	NOUN
fbem-8689	182	18	,	,	PUNCT
fbem-8689	182	19	financial	financial	ADJ
fbem-8689	182	20	flexibility	flexibility	NOUN
fbem-8689	182	21	reserve	reserve	NOUN
fbem-8689	182	22	,	,	PUNCT
fbem-8689	182	23	and	and	CCONJ
fbem-8689	182	24	corporate	corporate	ADJ
fbem-8689	182	25	financing	financing	NOUN
fbem-8689	182	26	behavior	behavior	NOUN
fbem-8689	182	27	:	:	PUNCT
fbem-8689	182	28	empirical	empirical	ADJ
fbem-8689	182	29	evidence	evidence	NOUN
fbem-8689	182	30	from	from	ADP
fbem-8689	182	31	chinese	chinese	ADJ
fbem-8689	182	32	listed	list	VERB
fbem-8689	182	33	companies	company	NOUN
fbem-8689	182	34	.	.	PUNCT
fbem-8689	183	1	journal	journal	PROPN
fbem-8689	183	2	of	of	ADP
fbem-8689	183	3	financial	financial	ADJ
fbem-8689	183	4	research	research	NOUN
fbem-8689	183	5	,	,	PUNCT
fbem-8689	183	6	vol	vol	NOUN
fbem-8689	183	7	.	.	PROPN
fbem-8689	184	1	376	376	NUM
fbem-8689	184	2	(	(	PUNCT
fbem-8689	184	3	2011	2011	NUM
fbem-8689	184	4	)	)	PUNCT
fbem-8689	184	5	no.10	no.10	PROPN
fbem-8689	184	6	,	,	PUNCT
fbem-8689	184	7	p.155169	p.155169	NOUN
fbem-8689	184	8	.	.	PUNCT
fbem-8689	185	1	[	[	X
fbem-8689	185	2	9	9	NUM
fbem-8689	185	3	]	]	X
fbem-8689	185	4	k.l	k.l	PROPN
fbem-8689	185	5	.	.	PROPN
fbem-8689	185	6	deng	deng	PROPN
fbem-8689	185	7	,	,	PUNCT
fbem-8689	185	8	m.x	m.x	PROPN
fbem-8689	185	9	.	.	PROPN
fbem-8689	185	10	liu	liu	PROPN
fbem-8689	185	11	.	.	PUNCT
fbem-8689	186	1	environmental	environmental	ADJ
fbem-8689	186	2	uncertainty	uncertainty	NOUN
fbem-8689	186	3	,	,	PUNCT
fbem-8689	186	4	financial	financial	ADJ
fbem-8689	186	5	flexibility	flexibility	NOUN
fbem-8689	186	6	,	,	PUNCT
fbem-8689	186	7	and	and	CCONJ
fbem-8689	186	8	cash	cash	NOUN
fbem-8689	186	9	dividends	dividend	NOUN
fbem-8689	186	10	of	of	ADP
fbem-8689	186	11	listed	list	VERB
fbem-8689	186	12	companies	company	NOUN
fbem-8689	186	13	.	.	PUNCT
fbem-8689	187	1	journal	journal	PROPN
fbem-8689	187	2	of	of	ADP
fbem-8689	187	3	finance	finance	NOUN
fbem-8689	187	4	and	and	CCONJ
fbem-8689	187	5	economics	economic	NOUN
fbem-8689	187	6	,	,	PUNCT
fbem-8689	187	7	vol	vol	NOUN
fbem-8689	187	8	.	.	PROPN
fbem-8689	187	9	299	299	NUM
fbem-8689	187	10	(	(	PUNCT
fbem-8689	187	11	2013	2013	NUM
fbem-8689	187	12	)	)	PUNCT
fbem-8689	187	13	no.2	no.2	PROPN
fbem-8689	187	14	,	,	PUNCT
fbem-8689	187	15	p.46	p.46	PROPN
fbem-8689	187	16	-	-	X
fbem-8689	187	17	55	55	NUM
fbem-8689	187	18	.	.	PUNCT
fbem-8689	188	1	[	[	X
fbem-8689	188	2	10	10	NUM
fbem-8689	188	3	]	]	X
fbem-8689	188	4	m.x	m.x	PROPN
fbem-8689	188	5	.	.	PROPN
fbem-8689	188	6	liu	liu	PROPN
fbem-8689	188	7	,	,	PUNCT
fbem-8689	188	8	x.h	x.h	PROPN
fbem-8689	188	9	.	.	PROPN
fbem-8689	188	10	xiang	xiang	PROPN
fbem-8689	188	11	.	.	PUNCT
fbem-8689	189	1	environmental	environmental	ADJ
fbem-8689	189	2	uncertainty	uncertainty	NOUN
fbem-8689	189	3	,	,	PUNCT
fbem-8689	189	4	enterprise	enterprise	NOUN
fbem-8689	189	5	characteristics	characteristic	NOUN
fbem-8689	189	6	,	,	PUNCT
fbem-8689	189	7	and	and	CCONJ
fbem-8689	189	8	financial	financial	ADJ
fbem-8689	189	9	flexibility	flexibility	NOUN
fbem-8689	189	10	.	.	PUNCT
fbem-8689	190	1	macroeconomic	macroeconomic	ADJ
fbem-8689	190	2	research	research	NOUN
fbem-8689	190	3	,	,	PUNCT
fbem-8689	190	4	vol.185	vol.185	NOUN
fbem-8689	190	5	(	(	PUNCT
fbem-8689	190	6	2014	2014	NUM
fbem-8689	190	7	)	)	PUNCT
fbem-8689	190	8	no.4	no.4	PROPN
fbem-8689	190	9	,	,	PUNCT
fbem-8689	190	10	p.127	p.127	NOUN
fbem-8689	190	11	-	-	SYM
fbem-8689	190	12	134	134	NUM
fbem-8689	190	13	.	.	PUNCT
fbem-8689	191	1	[	[	X
fbem-8689	191	2	11	11	NUM
fbem-8689	191	3	]	]	X
fbem-8689	191	4	h.x	h.x	PROPN
fbem-8689	191	5	.	.	PROPN
fbem-8689	191	6	tong	tong	PROPN
fbem-8689	191	7	.	.	PUNCT
fbem-8689	192	1	research	research	NOUN
fbem-8689	192	2	on	on	ADP
fbem-8689	192	3	the	the	DET
fbem-8689	192	4	relationship	relationship	NOUN
fbem-8689	192	5	between	between	ADP
fbem-8689	192	6	financial	financial	ADJ
fbem-8689	192	7	flexibility	flexibility	NOUN
fbem-8689	192	8	,	,	PUNCT
fbem-8689	192	9	inefficient	inefficient	ADJ
fbem-8689	192	10	investment	investment	NOUN
fbem-8689	192	11	,	,	PUNCT
fbem-8689	192	12	and	and	CCONJ
fbem-8689	192	13	enterprise	enterprise	NOUN
fbem-8689	192	14	value	value	NOUN
fbem-8689	192	15	of	of	ADP
fbem-8689	192	16	listed	list	VERB
fbem-8689	192	17	companies	company	NOUN
fbem-8689	192	18	.	.	PUNCT
fbem-8689	193	1	forecast	forecast	NOUN
fbem-8689	193	2	,	,	PUNCT
fbem-8689	193	3	vol	vol	NOUN
fbem-8689	193	4	.	.	PROPN
fbem-8689	193	5	40	40	NUM
fbem-8689	193	6	(	(	PUNCT
fbem-8689	193	7	2021	2021	NUM
fbem-8689	193	8	)	)	PUNCT
fbem-8689	193	9	no.1	no.1	NOUN
fbem-8689	193	10	,	,	PUNCT
fbem-8689	193	11	p.31	p.31	X
fbem-8689	193	12	-	-	PUNCT
fbem-8689	193	13	37	37	NUM
fbem-8689	193	14	.	.	PUNCT
fbem-8689	194	1	[	[	X
fbem-8689	194	2	12	12	NUM
fbem-8689	194	3	]	]	X
fbem-8689	194	4	a.q	a.q	PROPN
fbem-8689	194	5	.	.	PROPN
fbem-8689	194	6	wang	wang	PROPN
fbem-8689	194	7	,	,	PUNCT
fbem-8689	194	8	w.p	w.p	PROPN
fbem-8689	194	9	.	.	PROPN
fbem-8689	194	10	tang	tang	PROPN
fbem-8689	194	11	.	.	PUNCT
fbem-8689	195	1	research	research	NOUN
fbem-8689	195	2	on	on	ADP
fbem-8689	195	3	the	the	DET
fbem-8689	195	4	impact	impact	NOUN
fbem-8689	195	5	of	of	ADP
fbem-8689	195	6	environmental	environmental	ADJ
fbem-8689	195	7	uncertainty	uncertainty	NOUN
fbem-8689	195	8	on	on	ADP
fbem-8689	195	9	the	the	DET
fbem-8689	195	10	relationship	relationship	NOUN
fbem-8689	195	11	between	between	ADP
fbem-8689	195	12	financial	financial	ADJ
fbem-8689	195	13	flexibility	flexibility	NOUN
fbem-8689	195	14	and	and	CCONJ
fbem-8689	195	15	enterprise	enterprise	NOUN
fbem-8689	195	16	growth	growth	NOUN
fbem-8689	195	17	.	.	PUNCT
fbem-8689	196	1	china	china	PROPN
fbem-8689	196	2	soft	soft	ADJ
fbem-8689	196	3	science	science	NOUN
fbem-8689	196	4	,	,	PUNCT
fbem-8689	196	5	vol	vol	NOUN
fbem-8689	196	6	.	.	PROPN
fbem-8689	196	7	315	315	NUM
fbem-8689	196	8	(	(	PUNCT
fbem-8689	196	9	2017	2017	NUM
fbem-8689	196	10	)	)	PUNCT
fbem-8689	196	11	no.3	no.3	NOUN
fbem-8689	196	12	,	,	PUNCT
fbem-8689	196	13	p.186	p.186	NOUN
fbem-8689	196	14	-	-	PUNCT
fbem-8689	196	15	192	192	NUM
fbem-8689	196	16	.	.	PUNCT
fbem-8689	197	1	[	[	X
fbem-8689	197	2	13	13	NUM
fbem-8689	197	3	]	]	X
fbem-8689	197	4	r.h	r.h	PROPN
fbem-8689	197	5	.	.	PROPN
fbem-8689	197	6	yang	yang	PROPN
fbem-8689	197	7	,	,	PUNCT
fbem-8689	197	8	z.	z.	PROPN
fbem-8689	197	9	huang	huang	PROPN
fbem-8689	197	10	.	.	PUNCT
fbem-8689	198	1	environmental	environmental	ADJ
fbem-8689	198	2	uncertainty	uncertainty	NOUN
fbem-8689	198	3	,	,	PUNCT
fbem-8689	198	4	financial	financial	ADJ
fbem-8689	198	5	flexibility	flexibility	NOUN
fbem-8689	198	6	,	,	PUNCT
fbem-8689	198	7	and	and	CCONJ
fbem-8689	198	8	enterprise	enterprise	NOUN
fbem-8689	198	9	value	value	NOUN
fbem-8689	198	10	:	:	PUNCT
fbem-8689	198	11	empirical	empirical	ADJ
fbem-8689	198	12	evidence	evidence	NOUN
fbem-8689	198	13	based	base	VERB
fbem-8689	198	14	on	on	ADP
fbem-8689	198	15	a	a	DET
fbem-8689	198	16	-	-	PUNCT
fbem-8689	198	17	share	share	NOUN
fbem-8689	198	18	listed	list	VERB
fbem-8689	198	19	companies	company	NOUN
fbem-8689	198	20	from	from	ADP
fbem-8689	198	21	2008	2008	NUM
fbem-8689	198	22	to	to	ADP
fbem-8689	198	23	2014	2014	NUM
fbem-8689	198	24	.	.	PUNCT
fbem-8689	199	1	journal	journal	PROPN
fbem-8689	199	2	of	of	ADP
fbem-8689	199	3	finance	finance	NOUN
fbem-8689	199	4	and	and	CCONJ
fbem-8689	199	5	accounting	accounting	NOUN
fbem-8689	199	6	,	,	PUNCT
fbem-8689	199	7	vol	vol	NOUN
fbem-8689	199	8	.	.	PROPN
fbem-8689	199	9	728	728	NUM
fbem-8689	199	10	(	(	PUNCT
fbem-8689	199	11	2016	2016	NUM
fbem-8689	199	12	)	)	PUNCT
fbem-8689	199	13	no.36	no.36	PROPN
fbem-8689	199	14	,	,	PUNCT
fbem-8689	199	15	p.27	p.27	NOUN
fbem-8689	199	16	-	-	X
fbem-8689	199	17	31	31	NUM
fbem-8689	199	18	.	.	PUNCT
fbem-8689	200	1	[	[	X
fbem-8689	200	2	14	14	NUM
fbem-8689	200	3	]	]	X
fbem-8689	200	4	c.	c.	PROPN
fbem-8689	200	5	liu	liu	PROPN
fbem-8689	200	6	,	,	PUNCT
fbem-8689	200	7	x.y	x.y	PROPN
fbem-8689	200	8	.	.	PROPN
fbem-8689	200	9	yang	yang	PROPN
fbem-8689	200	10	,	,	PUNCT
fbem-8689	200	11	l.d	l.d	PROPN
fbem-8689	200	12	.	.	PROPN
fbem-8689	200	13	li	li	PROPN
fbem-8689	200	14	.	.	PROPN
fbem-8689	200	15	does	do	AUX
fbem-8689	200	16	environmental	environmental	ADJ
fbem-8689	200	17	uncertainty	uncertainty	NOUN
fbem-8689	200	18	affect	affect	VERB
fbem-8689	200	19	the	the	DET
fbem-8689	200	20	stickiness	stickiness	NOUN
fbem-8689	200	21	of	of	ADP
fbem-8689	200	22	company	company	NOUN
fbem-8689	200	23	expenses	expense	NOUN
fbem-8689	200	24	.	.	PUNCT
fbem-8689	201	1	financial	financial	ADJ
fbem-8689	201	2	development	development	PROPN
fbem-8689	201	3	research	research	NOUN
fbem-8689	201	4	,	,	PUNCT
fbem-8689	201	5	vol	vol	NOUN
fbem-8689	201	6	.	.	PUNCT
fbem-8689	202	1	449	449	NUM
fbem-8689	202	2	(	(	PUNCT
fbem-8689	202	3	2019	2019	NUM
fbem-8689	202	4	)	)	PUNCT
fbem-8689	202	5	no.5	no.5	PROPN
fbem-8689	202	6	,	,	PUNCT
fbem-8689	202	7	p.13	p.13	X
fbem-8689	202	8	-	-	X
fbem-8689	202	9	21	21	NUM
fbem-8689	202	10	.	.	PUNCT
fbem-8689	203	1	[	[	X
fbem-8689	203	2	15	15	NUM
fbem-8689	203	3	]	]	X
fbem-8689	203	4	f.	f.	PROPN
fbem-8689	203	5	chen	chen	PROPN
fbem-8689	203	6	,	,	PUNCT
fbem-8689	203	7	x.y	x.y	PROPN
fbem-8689	203	8	.	.	PROPN
fbem-8689	203	9	han	han	PROPN
fbem-8689	203	10	.	.	PUNCT
fbem-8689	204	1	environmental	environmental	ADJ
fbem-8689	204	2	uncertainty	uncertainty	NOUN
fbem-8689	204	3	,	,	PUNCT
fbem-8689	204	4	financial	financial	ADJ
fbem-8689	204	5	flexibility	flexibility	NOUN
fbem-8689	204	6	,	,	PUNCT
fbem-8689	204	7	and	and	CCONJ
fbem-8689	204	8	r&d	r&d	NOUN
fbem-8689	204	9	investment	investment	NOUN
fbem-8689	204	10	:	:	PUNCT
fbem-8689	204	11	empirical	empirical	ADJ
fbem-8689	204	12	evidence	evidence	NOUN
fbem-8689	204	13	based	base	VERB
fbem-8689	204	14	on	on	ADP
fbem-8689	204	15	listed	list	VERB
fbem-8689	204	16	companies	company	NOUN
fbem-8689	204	17	on	on	ADP
fbem-8689	204	18	the	the	DET
fbem-8689	204	19	small	small	ADJ
fbem-8689	204	20	and	and	CCONJ
fbem-8689	204	21	medium	medium	ADJ
fbem-8689	204	22	sized	sized	ADJ
fbem-8689	204	23	board	board	NOUN
fbem-8689	204	24	.	.	PUNCT
fbem-8689	205	1	industrial	industrial	ADJ
fbem-8689	205	2	technology	technology	NOUN
fbem-8689	205	3	economics	economic	NOUN
fbem-8689	205	4	,	,	PUNCT
fbem-8689	205	5	vol	vol	NOUN
fbem-8689	205	6	.	.	PROPN
fbem-8689	205	7	37	37	NUM
fbem-8689	205	8	(	(	PUNCT
fbem-8689	205	9	2018	2018	NUM
fbem-8689	205	10	)	)	PUNCT
fbem-8689	205	11	no.10	no.10	PROPN
fbem-8689	205	12	,	,	PUNCT
fbem-8689	205	13	p.1925	p.1925	NOUN
fbem-8689	205	14	.	.	PUNCT
fbem-8689	206	1	[	[	X
fbem-8689	206	2	16	16	NUM
fbem-8689	206	3	]	]	X
fbem-8689	206	4	y.m	y.m	PROPN
fbem-8689	206	5	.	.	PROPN
fbem-8689	206	6	fu	fu	PROPN
fbem-8689	206	7	,	,	PUNCT
fbem-8689	206	8	l.p	l.p	PROPN
fbem-8689	206	9	.	.	PROPN
fbem-8689	206	10	zhang	zhang	PROPN
fbem-8689	206	11	,	,	PUNCT
fbem-8689	207	1	w.c	w.c	PROPN
fbem-8689	207	2	.	.	PROPN
fbem-8689	207	3	li	li	PROPN
fbem-8689	207	4	.	.	PUNCT
fbem-8689	208	1	macroeconomic	macroeconomic	ADJ
fbem-8689	208	2	uncertainty	uncertainty	NOUN
fbem-8689	208	3	,	,	PUNCT
fbem-8689	208	4	diversification	diversification	NOUN
fbem-8689	208	5	and	and	CCONJ
fbem-8689	208	6	financial	financial	ADJ
fbem-8689	208	7	flexibility	flexibility	NOUN
fbem-8689	208	8	.	.	PUNCT
fbem-8689	209	1	journal	journal	NOUN
fbem-8689	209	2	of	of	ADP
fbem-8689	209	3	finance	finance	NOUN
fbem-8689	209	4	and	and	CCONJ
fbem-8689	209	5	economics	economic	NOUN
fbem-8689	209	6	,	,	PUNCT
fbem-8689	209	7	(	(	PUNCT
fbem-8689	209	8	2019	2019	NUM
fbem-8689	209	9	)	)	PUNCT
fbem-8689	209	10	no.1	no.1	NOUN
fbem-8689	209	11	,	,	PUNCT
fbem-8689	209	12	p.61	p.61	NOUN
fbem-8689	209	13	-	-	PUNCT
fbem-8689	209	14	70	70	NUM
fbem-8689	209	15	.	.	PUNCT
fbem-8689	210	1	[	[	X
fbem-8689	210	2	17	17	NUM
fbem-8689	210	3	]	]	X
fbem-8689	210	4	w.h	w.h	PROPN
fbem-8689	210	5	.	.	PROPN
fbem-8689	210	6	wang	wang	PROPN
fbem-8689	210	7	,	,	PUNCT
fbem-8689	210	8	q.y	q.y	PROPN
fbem-8689	210	9	.	.	PROPN
fbem-8689	210	10	ye	ye	PROPN
fbem-8689	210	11	,	,	PUNCT
fbem-8689	210	12	x.	x.	PROPN
fbem-8689	210	13	shen	shen	PROPN
fbem-8689	210	14	.	.	PUNCT
fbem-8689	211	1	can	can	AUX
fbem-8689	211	2	differentiation	differentiation	VERB
fbem-8689	211	3	strategy	strategy	NOUN
fbem-8689	211	4	promote	promote	VERB
fbem-8689	211	5	dual	dual	ADJ
fbem-8689	211	6	innovation	innovation	NOUN
fbem-8689	211	7	investment	investment	NOUN
fbem-8689	211	8	—	—	PUNCT
fbem-8689	211	9	—	—	PUNCT
fbem-8689	211	10	the	the	DET
fbem-8689	211	11	moderating	moderate	VERB
fbem-8689	211	12	effect	effect	NOUN
fbem-8689	211	13	of	of	ADP
fbem-8689	211	14	environmental	environmental	ADJ
fbem-8689	211	15	uncertainty	uncertainty	NOUN
fbem-8689	211	16	and	and	CCONJ
fbem-8689	211	17	financial	financial	ADJ
fbem-8689	211	18	flexibility	flexibility	NOUN
fbem-8689	211	19	.	.	PUNCT
fbem-8689	212	1	forecasting	forecasting	NOUN
fbem-8689	212	2	,	,	PUNCT
fbem-8689	212	3	vol	vol	NOUN
fbem-8689	212	4	.	.	PROPN
fbem-8689	212	5	40	40	NUM
fbem-8689	212	6	(	(	PUNCT
fbem-8689	212	7	2021	2021	NUM
fbem-8689	212	8	)	)	PUNCT
fbem-8689	212	9	no.2	no.2	PROPN
fbem-8689	212	10	,	,	PUNCT
fbem-8689	212	11	p.47	p.47	NOUN
fbem-8689	212	12	-	-	X
fbem-8689	212	13	54	54	NUM
fbem-8689	212	14	.	.	PUNCT
fbem-8689	213	1	[	[	X
fbem-8689	213	2	18	18	NUM
fbem-8689	213	3	]	]	X
fbem-8689	213	4	x.g	x.g	PROPN
fbem-8689	213	5	.	.	PROPN
fbem-8689	213	6	wang	wang	PROPN
fbem-8689	213	7	,	,	PUNCT
fbem-8689	213	8	y.h	y.h	PROPN
fbem-8689	213	9	.	.	PROPN
fbem-8689	213	10	sheng	sheng	PROPN
fbem-8689	213	11	.	.	PUNCT
fbem-8689	214	1	financial	financial	ADJ
fbem-8689	214	2	flexibility	flexibility	NOUN
fbem-8689	214	3	and	and	CCONJ
fbem-8689	214	4	strategic	strategic	ADJ
fbem-8689	214	5	change	change	NOUN
fbem-8689	214	6	environmental	environmental	ADJ
fbem-8689	214	7	uncertainty	uncertainty	NOUN
fbem-8689	214	8	and	and	CCONJ
fbem-8689	214	9	the	the	DET
fbem-8689	214	10	regulating	regulate	VERB
fbem-8689	214	11	role	role	NOUN
fbem-8689	214	12	of	of	ADP
fbem-8689	214	13	chain	chain	NOUN
fbem-8689	214	14	shareholders	shareholder	NOUN
fbem-8689	214	15	.	.	PUNCT
fbem-8689	215	1	management	management	NOUN
fbem-8689	215	2	modernization	modernization	NOUN
fbem-8689	215	3	,	,	PUNCT
fbem-8689	215	4	vol	vol	NOUN
fbem-8689	215	5	.	.	PROPN
fbem-8689	216	1	41	41	NUM
fbem-8689	216	2	(	(	PUNCT
fbem-8689	216	3	2021	2021	NUM
fbem-8689	216	4	)	)	PUNCT
fbem-8689	216	5	no.2	no.2	PROPN
fbem-8689	216	6	,	,	PUNCT
fbem-8689	216	7	p.59	p.59	NOUN
fbem-8689	216	8	-	-	X
fbem-8689	216	9	63	63	NUM
fbem-8689	216	10	.	.	PUNCT
fbem-8689	217	1	[	[	X
fbem-8689	217	2	19	19	NUM
fbem-8689	217	3	]	]	X
fbem-8689	217	4	y.m	y.m	PROPN
fbem-8689	217	5	.	.	PROPN
fbem-8689	217	6	sun	sun	PROPN
fbem-8689	217	7	,	,	PUNCT
fbem-8689	217	8	g.t	g.t	PROPN
fbem-8689	217	9	.	.	PROPN
fbem-8689	217	10	zhang	zhang	PROPN
fbem-8689	217	11	.	.	PUNCT
fbem-8689	218	1	testing	test	VERB
fbem-8689	218	2	the	the	DET
fbem-8689	218	3	relationship	relationship	NOUN
fbem-8689	218	4	between	between	ADP
fbem-8689	218	5	overconfidence	overconfidence	NOUN
fbem-8689	218	6	of	of	ADP
fbem-8689	218	7	managers	manager	NOUN
fbem-8689	218	8	,	,	PUNCT
fbem-8689	218	9	financial	financial	ADJ
fbem-8689	218	10	flexibility	flexibility	NOUN
fbem-8689	218	11	of	of	ADP
fbem-8689	218	12	enterprises	enterprise	NOUN
fbem-8689	218	13	,	,	PUNCT
fbem-8689	218	14	and	and	CCONJ
fbem-8689	218	15	overinvestment	overinvestment	ADJ
fbem-8689	218	16	.	.	PUNCT
fbem-8689	219	1	statistics	statistic	NOUN
fbem-8689	219	2	and	and	CCONJ
fbem-8689	219	3	decision	decision	NOUN
fbem-8689	219	4	,	,	PUNCT
fbem-8689	219	5	vol	vol	NOUN
fbem-8689	219	6	.	.	PROPN
fbem-8689	219	7	36	36	NUM
fbem-8689	219	8	(	(	PUNCT
fbem-8689	219	9	2020	2020	NUM
fbem-8689	219	10	)	)	PUNCT
fbem-8689	219	11	no.6	no.6	PROPN
fbem-8689	219	12	,	,	PUNCT
fbem-8689	219	13	p.178	p.178	ADV
fbem-8689	219	14	-	-	NOUN
fbem-8689	219	15	181	181	NUM
fbem-8689	219	16	.	.	PUNCT
fbem-8689	220	1	[	[	X
fbem-8689	220	2	20	20	NUM
fbem-8689	220	3	]	]	X
fbem-8689	220	4	n.	n.	PROPN
fbem-8689	220	5	xu	xu	PROPN
fbem-8689	220	6	.	.	PUNCT
fbem-8689	221	1	research	research	NOUN
fbem-8689	221	2	on	on	ADP
fbem-8689	221	3	environmental	environmental	ADJ
fbem-8689	221	4	uncertainty	uncertainty	NOUN
fbem-8689	221	5	,	,	PUNCT
fbem-8689	221	6	overconfidence	overconfidence	NOUN
fbem-8689	221	7	of	of	ADP
fbem-8689	221	8	managers	manager	NOUN
fbem-8689	221	9	,	,	PUNCT
fbem-8689	221	10	and	and	CCONJ
fbem-8689	221	11	dynamic	dynamic	ADJ
fbem-8689	221	12	adjustment	adjustment	NOUN
fbem-8689	221	13	of	of	ADP
fbem-8689	221	14	financial	financial	ADJ
fbem-8689	221	15	flexibility	flexibility	NOUN
fbem-8689	221	16	.	.	PUNCT
fbem-8689	222	1	dongbei	dongbei	PROPN
fbem-8689	222	2	university	university	PROPN
fbem-8689	222	3	of	of	ADP
fbem-8689	222	4	finance	finance	NOUN
fbem-8689	222	5	and	and	CCONJ
fbem-8689	222	6	economics	economic	NOUN
fbem-8689	222	7	,	,	PUNCT
fbem-8689	222	8	china	china	PROPN
fbem-8689	222	9	,	,	PUNCT
fbem-8689	222	10	2016	2016	NUM
fbem-8689	222	11	.	.	PUNCT