id	sid	tid	token	lemma	pos
fbem-9132	1	1	frontiers	frontier	NOUN
fbem-9132	1	2	in	in	ADP
fbem-9132	1	3	business	business	NOUN
fbem-9132	1	4	,	,	PUNCT
fbem-9132	1	5	economics	economic	NOUN
fbem-9132	1	6	and	and	CCONJ
fbem-9132	1	7	management	management	NOUN
fbem-9132	1	8	issn	issn	PROPN
fbem-9132	1	9	:	:	PUNCT
fbem-9132	1	10	2766	2766	NUM
fbem-9132	1	11	-	-	PUNCT
fbem-9132	1	12	824x	824x	NUM
fbem-9132	1	13	|	|	ADJ
fbem-9132	1	14	vol	vol	NOUN
fbem-9132	1	15	.	.	PROPN
fbem-9132	2	1	9	9	NUM
fbem-9132	2	2	,	,	PUNCT
fbem-9132	2	3	no	no	INTJ
fbem-9132	2	4	.	.	NOUN
fbem-9132	2	5	2	2	NUM
fbem-9132	2	6	,	,	PUNCT
fbem-9132	2	7	2023	2023	NUM
fbem-9132	2	8	87	87	NUM
fbem-9132	2	9	tax	tax	NOUN
fbem-9132	2	10	avoidance	avoidance	NOUN
fbem-9132	2	11	advice	advice	NOUN
fbem-9132	2	12	for	for	SCONJ
fbem-9132	2	13	enterprises	enterprise	NOUN
fbem-9132	2	14	to	to	PART
fbem-9132	2	15	improve	improve	VERB
fbem-9132	2	16	innovation	innovation	NOUN
fbem-9132	2	17	performance	performance	NOUN
fbem-9132	2	18	from	from	ADP
fbem-9132	2	19	a	a	DET
fbem-9132	2	20	lifecycle	lifecycle	NOUN
fbem-9132	2	21	perspective	perspective	NOUN
fbem-9132	2	22	yu	yu	PROPN
fbem-9132	2	23	zhang1	zhang1	PROPN
fbem-9132	2	24	,	,	PUNCT
fbem-9132	2	25	*	*	PROPN
fbem-9132	2	26	1	1	NUM
fbem-9132	2	27	wenzhou	wenzhou	PROPN
fbem-9132	2	28	polytechnic	polytechnic	PROPN
fbem-9132	2	29	,	,	PUNCT
fbem-9132	2	30	wenzhou	wenzhou	PROPN
fbem-9132	2	31	,	,	PUNCT
fbem-9132	2	32	zhejiang	zhejiang	PROPN
fbem-9132	2	33	,	,	PUNCT
fbem-9132	2	34	325035	325035	NUM
fbem-9132	2	35	,	,	PUNCT
fbem-9132	2	36	china	china	PROPN
fbem-9132	2	37	*	*	PUNCT
fbem-9132	2	38	corresponding	correspond	VERB
fbem-9132	2	39	author	author	NOUN
fbem-9132	2	40	:	:	PUNCT
fbem-9132	2	41	yu	yu	PROPN
fbem-9132	2	42	zhang	zhang	PROPN
fbem-9132	2	43	(	(	PUNCT
fbem-9132	2	44	email	email	NOUN
fbem-9132	2	45	:	:	PUNCT
fbem-9132	2	46	zhangyu13073@outlook.com	zhangyu13073@outlook.com	NUM
fbem-9132	2	47	)	)	PUNCT
fbem-9132	3	1	abstract	abstract	NOUN
fbem-9132	3	2	:	:	PUNCT
fbem-9132	3	3	from	from	ADP
fbem-9132	3	4	the	the	DET
fbem-9132	3	5	perspective	perspective	NOUN
fbem-9132	3	6	of	of	ADP
fbem-9132	3	7	enterprise	enterprise	NOUN
fbem-9132	3	8	life	life	NOUN
fbem-9132	3	9	cycle	cycle	NOUN
fbem-9132	3	10	,	,	PUNCT
fbem-9132	3	11	this	this	DET
fbem-9132	3	12	paper	paper	NOUN
fbem-9132	3	13	analyzes	analyze	VERB
fbem-9132	3	14	the	the	DET
fbem-9132	3	15	tax	tax	NOUN
fbem-9132	3	16	avoidance	avoidance	NOUN
fbem-9132	3	17	suggestions	suggestion	NOUN
fbem-9132	3	18	for	for	SCONJ
fbem-9132	3	19	enterprises	enterprise	NOUN
fbem-9132	3	20	to	to	PART
fbem-9132	3	21	improve	improve	VERB
fbem-9132	3	22	innovation	innovation	NOUN
fbem-9132	3	23	performance	performance	NOUN
fbem-9132	3	24	.	.	PUNCT
fbem-9132	4	1	in	in	ADP
fbem-9132	4	2	the	the	DET
fbem-9132	4	3	growth	growth	NOUN
fbem-9132	4	4	stage	stage	NOUN
fbem-9132	4	5	of	of	ADP
fbem-9132	4	6	enterprises	enterprise	NOUN
fbem-9132	4	7	,	,	PUNCT
fbem-9132	4	8	the	the	PRON
fbem-9132	4	9	more	more	ADV
fbem-9132	4	10	active	active	ADJ
fbem-9132	4	11	the	the	DET
fbem-9132	4	12	corporate	corporate	ADJ
fbem-9132	4	13	tax	tax	NOUN
fbem-9132	4	14	avoidance	avoidance	NOUN
fbem-9132	4	15	behavior	behavior	NOUN
fbem-9132	4	16	,	,	PUNCT
fbem-9132	4	17	the	the	PRON
fbem-9132	4	18	better	well	ADJ
fbem-9132	4	19	the	the	DET
fbem-9132	4	20	company	company	NOUN
fbem-9132	4	21	's	's	PART
fbem-9132	4	22	innovation	innovation	NOUN
fbem-9132	4	23	performance	performance	NOUN
fbem-9132	4	24	.	.	PUNCT
fbem-9132	5	1	during	during	ADP
fbem-9132	5	2	the	the	DET
fbem-9132	5	3	mature	mature	ADJ
fbem-9132	5	4	and	and	CCONJ
fbem-9132	5	5	declining	decline	VERB
fbem-9132	5	6	periods	period	NOUN
fbem-9132	5	7	of	of	ADP
fbem-9132	5	8	enterprises	enterprise	NOUN
fbem-9132	5	9	,	,	PUNCT
fbem-9132	5	10	the	the	DET
fbem-9132	5	11	more	more	ADV
fbem-9132	5	12	aggressive	aggressive	ADJ
fbem-9132	5	13	the	the	DET
fbem-9132	5	14	tax	tax	NOUN
fbem-9132	5	15	avoidance	avoidance	NOUN
fbem-9132	5	16	behavior	behavior	NOUN
fbem-9132	5	17	of	of	ADP
fbem-9132	5	18	enterprises	enterprise	NOUN
fbem-9132	5	19	,	,	PUNCT
fbem-9132	5	20	the	the	PRON
fbem-9132	5	21	worse	bad	ADJ
fbem-9132	5	22	the	the	DET
fbem-9132	5	23	performance	performance	NOUN
fbem-9132	5	24	of	of	ADP
fbem-9132	5	25	innovation	innovation	NOUN
fbem-9132	5	26	.	.	PUNCT
fbem-9132	6	1	through	through	ADP
fbem-9132	6	2	the	the	DET
fbem-9132	6	3	analysis	analysis	NOUN
fbem-9132	6	4	of	of	ADP
fbem-9132	6	5	corporate	corporate	ADJ
fbem-9132	6	6	tax	tax	NOUN
fbem-9132	6	7	avoidance	avoidance	NOUN
fbem-9132	6	8	on	on	ADP
fbem-9132	6	9	innovation	innovation	NOUN
fbem-9132	6	10	performance	performance	NOUN
fbem-9132	6	11	from	from	ADP
fbem-9132	6	12	the	the	DET
fbem-9132	6	13	perspective	perspective	NOUN
fbem-9132	6	14	of	of	ADP
fbem-9132	6	15	enterprise	enterprise	NOUN
fbem-9132	6	16	life	life	NOUN
fbem-9132	6	17	cycle	cycle	NOUN
fbem-9132	6	18	,	,	PUNCT
fbem-9132	6	19	suggestions	suggestion	NOUN
fbem-9132	6	20	are	be	AUX
fbem-9132	6	21	put	put	VERB
fbem-9132	6	22	forward	forward	ADV
fbem-9132	6	23	from	from	ADP
fbem-9132	6	24	three	three	NUM
fbem-9132	6	25	aspects	aspect	NOUN
fbem-9132	6	26	:	:	PUNCT
fbem-9132	6	27	government	government	NOUN
fbem-9132	6	28	,	,	PUNCT
fbem-9132	6	29	enterprises	enterprise	NOUN
fbem-9132	6	30	and	and	CCONJ
fbem-9132	6	31	investors	investor	NOUN
fbem-9132	6	32	.	.	PUNCT
fbem-9132	7	1	keywords	keyword	NOUN
fbem-9132	7	2	:	:	PUNCT
fbem-9132	7	3	life	life	NOUN
fbem-9132	7	4	cycle	cycle	NOUN
fbem-9132	7	5	,	,	PUNCT
fbem-9132	7	6	reasonable	reasonable	ADJ
fbem-9132	7	7	tax	tax	NOUN
fbem-9132	7	8	avoidance	avoidance	NOUN
fbem-9132	7	9	,	,	PUNCT
fbem-9132	7	10	innovation	innovation	NOUN
fbem-9132	7	11	performance	performance	NOUN
fbem-9132	7	12	.	.	PUNCT
fbem-9132	8	1	1	1	X
fbem-9132	8	2	.	.	X
fbem-9132	8	3	introduction	introduction	NOUN
fbem-9132	8	4	innovation	innovation	NOUN
fbem-9132	8	5	is	be	AUX
fbem-9132	8	6	the	the	DET
fbem-9132	8	7	driving	drive	VERB
fbem-9132	8	8	force	force	NOUN
fbem-9132	8	9	of	of	ADP
fbem-9132	8	10	social	social	ADJ
fbem-9132	8	11	development	development	NOUN
fbem-9132	8	12	,	,	PUNCT
fbem-9132	8	13	and	and	CCONJ
fbem-9132	8	14	it	it	PRON
fbem-9132	8	15	is	be	AUX
fbem-9132	8	16	also	also	ADV
fbem-9132	8	17	the	the	DET
fbem-9132	8	18	first	first	ADJ
fbem-9132	8	19	meaning	meaning	NOUN
fbem-9132	8	20	for	for	SCONJ
fbem-9132	8	21	enterprises	enterprise	NOUN
fbem-9132	8	22	to	to	PART
fbem-9132	8	23	maintain	maintain	VERB
fbem-9132	8	24	development	development	NOUN
fbem-9132	8	25	.	.	PUNCT
fbem-9132	9	1	what	what	PRON
fbem-9132	9	2	are	be	AUX
fbem-9132	9	3	the	the	DET
fbem-9132	9	4	factors	factor	NOUN
fbem-9132	9	5	that	that	PRON
fbem-9132	9	6	affect	affect	VERB
fbem-9132	9	7	innovation	innovation	NOUN
fbem-9132	9	8	performance	performance	NOUN
fbem-9132	9	9	,	,	PUNCT
fbem-9132	9	10	and	and	CCONJ
fbem-9132	9	11	how	how	SCONJ
fbem-9132	9	12	to	to	PART
fbem-9132	9	13	use	use	VERB
fbem-9132	9	14	these	these	DET
fbem-9132	9	15	factors	factor	NOUN
fbem-9132	9	16	to	to	PART
fbem-9132	9	17	improve	improve	VERB
fbem-9132	9	18	the	the	DET
fbem-9132	9	19	innovation	innovation	NOUN
fbem-9132	9	20	performance	performance	NOUN
fbem-9132	9	21	of	of	ADP
fbem-9132	9	22	enterprises	enterprise	NOUN
fbem-9132	9	23	,	,	PUNCT
fbem-9132	9	24	is	be	AUX
fbem-9132	9	25	a	a	DET
fbem-9132	9	26	topic	topic	NOUN
fbem-9132	9	27	of	of	ADP
fbem-9132	9	28	general	general	ADJ
fbem-9132	9	29	concern	concern	NOUN
fbem-9132	9	30	in	in	ADP
fbem-9132	9	31	society	society	NOUN
fbem-9132	9	32	.	.	PUNCT
fbem-9132	10	1	there	there	PRON
fbem-9132	10	2	are	be	VERB
fbem-9132	10	3	many	many	ADJ
fbem-9132	10	4	studies	study	NOUN
fbem-9132	10	5	on	on	ADP
fbem-9132	10	6	tax	tax	NOUN
fbem-9132	10	7	avoidance	avoidance	NOUN
fbem-9132	10	8	,	,	PUNCT
fbem-9132	10	9	and	and	CCONJ
fbem-9132	10	10	in	in	ADP
fbem-9132	10	11	the	the	DET
fbem-9132	10	12	past	past	ADJ
fbem-9132	10	13	research	research	NOUN
fbem-9132	10	14	literature	literature	NOUN
fbem-9132	10	15	,	,	PUNCT
fbem-9132	10	16	most	most	ADJ
fbem-9132	10	17	scholars	scholar	NOUN
fbem-9132	10	18	believe	believe	VERB
fbem-9132	10	19	that	that	SCONJ
fbem-9132	10	20	tax	tax	NOUN
fbem-9132	10	21	avoidance	avoidance	NOUN
fbem-9132	10	22	behavior	behavior	NOUN
fbem-9132	10	23	will	will	AUX
fbem-9132	10	24	increase	increase	VERB
fbem-9132	10	25	the	the	DET
fbem-9132	10	26	economic	economic	ADJ
fbem-9132	10	27	benefits	benefit	NOUN
fbem-9132	10	28	of	of	ADP
fbem-9132	10	29	enterprises	enterprise	NOUN
fbem-9132	10	30	and	and	CCONJ
fbem-9132	10	31	provide	provide	VERB
fbem-9132	10	32	more	more	ADJ
fbem-9132	10	33	financial	financial	ADJ
fbem-9132	10	34	support	support	NOUN
fbem-9132	10	35	for	for	ADP
fbem-9132	10	36	reform	reform	NOUN
fbem-9132	10	37	and	and	CCONJ
fbem-9132	10	38	innovation	innovation	NOUN
fbem-9132	10	39	.	.	PUNCT
fbem-9132	11	1	however	however	ADV
fbem-9132	11	2	,	,	PUNCT
fbem-9132	11	3	in	in	ADP
fbem-9132	11	4	recent	recent	ADJ
fbem-9132	11	5	years	year	NOUN
fbem-9132	11	6	,	,	PUNCT
fbem-9132	11	7	more	more	ADJ
fbem-9132	11	8	and	and	CCONJ
fbem-9132	11	9	more	more	ADJ
fbem-9132	11	10	studies	study	NOUN
fbem-9132	11	11	have	have	AUX
fbem-9132	11	12	pointed	point	VERB
fbem-9132	11	13	out	out	ADP
fbem-9132	11	14	that	that	SCONJ
fbem-9132	11	15	corporate	corporate	ADJ
fbem-9132	11	16	tax	tax	NOUN
fbem-9132	11	17	avoidance	avoidance	NOUN
fbem-9132	11	18	will	will	AUX
fbem-9132	11	19	aggravate	aggravate	VERB
fbem-9132	11	20	the	the	DET
fbem-9132	11	21	agency	agency	NOUN
fbem-9132	11	22	problem	problem	NOUN
fbem-9132	11	23	between	between	ADP
fbem-9132	11	24	corporate	corporate	ADJ
fbem-9132	11	25	managers	manager	NOUN
fbem-9132	11	26	and	and	CCONJ
fbem-9132	11	27	enterprise	enterprise	NOUN
fbem-9132	11	28	owners	owner	NOUN
fbem-9132	11	29	,	,	PUNCT
fbem-9132	11	30	which	which	PRON
fbem-9132	11	31	is	be	AUX
fbem-9132	11	32	not	not	PART
fbem-9132	11	33	conducive	conducive	ADJ
fbem-9132	11	34	to	to	ADP
fbem-9132	11	35	enterprise	enterprise	NOUN
fbem-9132	11	36	innovation	innovation	NOUN
fbem-9132	11	37	.	.	PUNCT
fbem-9132	12	1	at	at	ADP
fbem-9132	12	2	the	the	DET
fbem-9132	12	3	same	same	ADJ
fbem-9132	12	4	time	time	NOUN
fbem-9132	12	5	,	,	PUNCT
fbem-9132	12	6	the	the	DET
fbem-9132	12	7	enterprise	enterprise	NOUN
fbem-9132	12	8	life	life	NOUN
fbem-9132	12	9	cycle	cycle	NOUN
fbem-9132	12	10	theory	theory	NOUN
fbem-9132	12	11	proposes	propose	VERB
fbem-9132	12	12	that	that	SCONJ
fbem-9132	12	13	the	the	DET
fbem-9132	12	14	enterprise	enterprise	NOUN
fbem-9132	12	15	,	,	PUNCT
fbem-9132	12	16	like	like	ADP
fbem-9132	12	17	a	a	DET
fbem-9132	12	18	living	live	VERB
fbem-9132	12	19	organism	organism	NOUN
fbem-9132	12	20	,	,	PUNCT
fbem-9132	12	21	will	will	AUX
fbem-9132	12	22	have	have	VERB
fbem-9132	12	23	different	different	ADJ
fbem-9132	12	24	characteristics	characteristic	NOUN
fbem-9132	12	25	at	at	ADP
fbem-9132	12	26	different	different	ADJ
fbem-9132	12	27	stages	stage	NOUN
fbem-9132	12	28	.	.	PUNCT
fbem-9132	13	1	therefore	therefore	ADV
fbem-9132	13	2	,	,	PUNCT
fbem-9132	13	3	at	at	ADP
fbem-9132	13	4	different	different	ADJ
fbem-9132	13	5	life	life	NOUN
fbem-9132	13	6	cycle	cycle	NOUN
fbem-9132	13	7	stages	stage	NOUN
fbem-9132	13	8	,	,	PUNCT
fbem-9132	13	9	companies	company	NOUN
fbem-9132	13	10	have	have	VERB
fbem-9132	13	11	different	different	ADJ
fbem-9132	13	12	tax	tax	NOUN
fbem-9132	13	13	avoidance	avoidance	NOUN
fbem-9132	13	14	strategies	strategy	NOUN
fbem-9132	13	15	to	to	PART
fbem-9132	13	16	improve	improve	VERB
fbem-9132	13	17	innovation	innovation	NOUN
fbem-9132	13	18	performance	performance	NOUN
fbem-9132	13	19	.	.	PUNCT
fbem-9132	14	1	from	from	ADP
fbem-9132	14	2	the	the	DET
fbem-9132	14	3	perspective	perspective	NOUN
fbem-9132	14	4	of	of	ADP
fbem-9132	14	5	enterprise	enterprise	NOUN
fbem-9132	14	6	life	life	NOUN
fbem-9132	14	7	cycle	cycle	NOUN
fbem-9132	14	8	,	,	PUNCT
fbem-9132	14	9	this	this	DET
fbem-9132	14	10	article	article	NOUN
fbem-9132	14	11	discusses	discuss	VERB
fbem-9132	14	12	tax	tax	NOUN
fbem-9132	14	13	avoidance	avoidance	NOUN
fbem-9132	14	14	strategies	strategy	NOUN
fbem-9132	14	15	and	and	CCONJ
fbem-9132	14	16	suggestions	suggestion	NOUN
fbem-9132	14	17	for	for	SCONJ
fbem-9132	14	18	enterprises	enterprise	NOUN
fbem-9132	14	19	to	to	PART
fbem-9132	14	20	improve	improve	VERB
fbem-9132	14	21	innovation	innovation	NOUN
fbem-9132	14	22	performance	performance	NOUN
fbem-9132	14	23	.	.	PUNCT
fbem-9132	15	1	2	2	X
fbem-9132	15	2	.	.	X
fbem-9132	15	3	characteristics	characteristic	NOUN
fbem-9132	15	4	of	of	ADP
fbem-9132	15	5	corporate	corporate	ADJ
fbem-9132	15	6	tax	tax	NOUN
fbem-9132	15	7	avoidance	avoidance	NOUN
fbem-9132	15	8	and	and	CCONJ
fbem-9132	15	9	innovation	innovation	NOUN
fbem-9132	15	10	performance	performance	NOUN
fbem-9132	15	11	under	under	ADP
fbem-9132	15	12	different	different	ADJ
fbem-9132	15	13	life	life	NOUN
fbem-9132	15	14	cycles	cycle	VERB
fbem-9132	15	15	2.1	2.1	NUM
fbem-9132	15	16	.	.	PUNCT
fbem-9132	16	1	growth	growth	NOUN
fbem-9132	16	2	period	period	NOUN
fbem-9132	16	3	:	:	PUNCT
fbem-9132	16	4	tax	tax	NOUN
fbem-9132	16	5	avoidance	avoidance	NOUN
fbem-9132	16	6	has	have	VERB
fbem-9132	16	7	a	a	DET
fbem-9132	16	8	significant	significant	ADJ
fbem-9132	16	9	impact	impact	NOUN
fbem-9132	16	10	on	on	ADP
fbem-9132	16	11	innovation	innovation	NOUN
fbem-9132	16	12	performance	performance	NOUN
fbem-9132	16	13	when	when	SCONJ
fbem-9132	16	14	the	the	DET
fbem-9132	16	15	enterprise	enterprise	NOUN
fbem-9132	16	16	is	be	AUX
fbem-9132	16	17	in	in	ADP
fbem-9132	16	18	the	the	DET
fbem-9132	16	19	growth	growth	NOUN
fbem-9132	16	20	period	period	NOUN
fbem-9132	16	21	of	of	ADP
fbem-9132	16	22	rapid	rapid	ADJ
fbem-9132	16	23	development	development	NOUN
fbem-9132	16	24	,	,	PUNCT
fbem-9132	16	25	the	the	DET
fbem-9132	16	26	internal	internal	ADJ
fbem-9132	16	27	funds	fund	NOUN
fbem-9132	16	28	of	of	ADP
fbem-9132	16	29	most	most	ADJ
fbem-9132	16	30	enterprises	enterprise	NOUN
fbem-9132	16	31	are	be	AUX
fbem-9132	16	32	difficult	difficult	ADJ
fbem-9132	16	33	to	to	PART
fbem-9132	16	34	keep	keep	VERB
fbem-9132	16	35	up	up	ADP
fbem-9132	16	36	with	with	ADP
fbem-9132	16	37	the	the	DET
fbem-9132	16	38	speed	speed	NOUN
fbem-9132	16	39	of	of	ADP
fbem-9132	16	40	enterprise	enterprise	NOUN
fbem-9132	16	41	development	development	NOUN
fbem-9132	16	42	,	,	PUNCT
fbem-9132	16	43	in	in	ADP
fbem-9132	16	44	order	order	NOUN
fbem-9132	16	45	to	to	PART
fbem-9132	16	46	support	support	VERB
fbem-9132	16	47	the	the	DET
fbem-9132	16	48	leapfrog	leapfrog	ADJ
fbem-9132	16	49	development	development	NOUN
fbem-9132	16	50	of	of	ADP
fbem-9132	16	51	the	the	DET
fbem-9132	16	52	enterprise	enterprise	NOUN
fbem-9132	16	53	,	,	PUNCT
fbem-9132	16	54	a	a	DET
fbem-9132	16	55	lot	lot	NOUN
fbem-9132	16	56	of	of	ADP
fbem-9132	16	57	money	money	NOUN
fbem-9132	16	58	needs	need	VERB
fbem-9132	16	59	to	to	PART
fbem-9132	16	60	be	be	AUX
fbem-9132	16	61	invested	invest	VERB
fbem-9132	16	62	.	.	PUNCT
fbem-9132	17	1	for	for	ADP
fbem-9132	17	2	enterprises	enterprise	NOUN
fbem-9132	17	3	in	in	ADP
fbem-9132	17	4	the	the	DET
fbem-9132	17	5	growth	growth	NOUN
fbem-9132	17	6	stage	stage	NOUN
fbem-9132	17	7	,	,	PUNCT
fbem-9132	17	8	the	the	DET
fbem-9132	17	9	main	main	ADJ
fbem-9132	17	10	contradiction	contradiction	NOUN
fbem-9132	17	11	between	between	ADP
fbem-9132	17	12	the	the	DET
fbem-9132	17	13	high	high	ADJ
fbem-9132	17	14	demand	demand	NOUN
fbem-9132	17	15	for	for	ADP
fbem-9132	17	16	capital	capital	NOUN
fbem-9132	17	17	and	and	CCONJ
fbem-9132	17	18	the	the	DET
fbem-9132	17	19	lack	lack	NOUN
fbem-9132	17	20	of	of	ADP
fbem-9132	17	21	funds	fund	NOUN
fbem-9132	17	22	in	in	ADP
fbem-9132	17	23	order	order	NOUN
fbem-9132	17	24	to	to	PART
fbem-9132	17	25	develop	develop	VERB
fbem-9132	17	26	is	be	AUX
fbem-9132	17	27	the	the	DET
fbem-9132	17	28	main	main	ADJ
fbem-9132	17	29	contradiction	contradiction	NOUN
fbem-9132	17	30	.	.	PUNCT
fbem-9132	18	1	according	accord	VERB
fbem-9132	18	2	to	to	ADP
fbem-9132	18	3	the	the	DET
fbem-9132	18	4	optimal	optimal	ADJ
fbem-9132	18	5	financing	financing	NOUN
fbem-9132	18	6	theory	theory	NOUN
fbem-9132	18	7	of	of	ADP
fbem-9132	18	8	enterprise	enterprise	NOUN
fbem-9132	18	9	fundraising	fundraising	NOUN
fbem-9132	18	10	,	,	PUNCT
fbem-9132	18	11	when	when	SCONJ
fbem-9132	18	12	raising	raise	VERB
fbem-9132	18	13	funds	fund	NOUN
fbem-9132	18	14	,	,	PUNCT
fbem-9132	18	15	enterprises	enterprise	NOUN
fbem-9132	18	16	generally	generally	ADV
fbem-9132	18	17	consider	consider	VERB
fbem-9132	18	18	internal	internal	ADJ
fbem-9132	18	19	financing	financing	NOUN
fbem-9132	18	20	channels	channel	NOUN
fbem-9132	18	21	first	first	ADV
fbem-9132	18	22	and	and	CCONJ
fbem-9132	18	23	then	then	ADV
fbem-9132	18	24	consider	consider	VERB
fbem-9132	18	25	external	external	ADJ
fbem-9132	18	26	financing	financing	NOUN
fbem-9132	18	27	channels	channel	NOUN
fbem-9132	18	28	,	,	PUNCT
fbem-9132	18	29	specifically	specifically	ADV
fbem-9132	18	30	,	,	PUNCT
fbem-9132	18	31	due	due	ADP
fbem-9132	18	32	to	to	ADP
fbem-9132	18	33	the	the	DET
fbem-9132	18	34	hidden	hidden	ADJ
fbem-9132	18	35	nature	nature	NOUN
fbem-9132	18	36	of	of	ADP
fbem-9132	18	37	r&d	r&d	NOUN
fbem-9132	18	38	activities	activity	NOUN
fbem-9132	18	39	and	and	CCONJ
fbem-9132	18	40	the	the	DET
fbem-9132	18	41	development	development	NOUN
fbem-9132	18	42	prospects	prospect	NOUN
fbem-9132	18	43	of	of	ADP
fbem-9132	18	44	enterprises	enterprise	NOUN
fbem-9132	18	45	in	in	ADP
fbem-9132	18	46	the	the	DET
fbem-9132	18	47	growth	growth	NOUN
fbem-9132	18	48	stage	stage	NOUN
fbem-9132	18	49	are	be	AUX
fbem-9132	18	50	not	not	PART
fbem-9132	18	51	clear	clear	ADJ
fbem-9132	18	52	,	,	PUNCT
fbem-9132	18	53	there	there	PRON
fbem-9132	18	54	is	be	VERB
fbem-9132	18	55	a	a	DET
fbem-9132	18	56	large	large	ADJ
fbem-9132	18	57	information	information	NOUN
fbem-9132	18	58	asymmetry	asymmetry	NOUN
fbem-9132	18	59	problem	problem	NOUN
fbem-9132	18	60	between	between	ADP
fbem-9132	18	61	internal	internal	ADJ
fbem-9132	18	62	and	and	CCONJ
fbem-9132	18	63	external	external	ADJ
fbem-9132	18	64	investors	investor	NOUN
fbem-9132	18	65	,	,	PUNCT
fbem-9132	18	66	and	and	CCONJ
fbem-9132	18	67	it	it	PRON
fbem-9132	18	68	is	be	AUX
fbem-9132	18	69	difficult	difficult	ADJ
fbem-9132	18	70	for	for	SCONJ
fbem-9132	18	71	enterprises	enterprise	NOUN
fbem-9132	18	72	in	in	ADP
fbem-9132	18	73	the	the	DET
fbem-9132	18	74	growth	growth	NOUN
fbem-9132	18	75	stage	stage	NOUN
fbem-9132	18	76	to	to	PART
fbem-9132	18	77	obtain	obtain	VERB
fbem-9132	18	78	loans	loan	NOUN
fbem-9132	18	79	or	or	CCONJ
fbem-9132	18	80	investments	investment	NOUN
fbem-9132	18	81	;	;	PUNCT
fbem-9132	18	82	even	even	ADV
fbem-9132	18	83	if	if	SCONJ
fbem-9132	18	84	it	it	PRON
fbem-9132	18	85	can	can	AUX
fbem-9132	18	86	be	be	AUX
fbem-9132	18	87	obtained	obtain	VERB
fbem-9132	18	88	,	,	PUNCT
fbem-9132	18	89	considering	consider	VERB
fbem-9132	18	90	that	that	SCONJ
fbem-9132	18	91	r&d	r&d	NOUN
fbem-9132	18	92	projects	project	NOUN
fbem-9132	18	93	often	often	ADV
fbem-9132	18	94	need	need	VERB
fbem-9132	18	95	to	to	PART
fbem-9132	18	96	last	last	VERB
fbem-9132	18	97	for	for	ADP
fbem-9132	18	98	a	a	DET
fbem-9132	18	99	long	long	ADJ
fbem-9132	18	100	time	time	NOUN
fbem-9132	18	101	,	,	PUNCT
fbem-9132	18	102	external	external	ADJ
fbem-9132	18	103	investors	investor	NOUN
fbem-9132	18	104	will	will	AUX
fbem-9132	18	105	bear	bear	VERB
fbem-9132	18	106	more	more	ADJ
fbem-9132	18	107	risks	risk	NOUN
fbem-9132	18	108	,	,	PUNCT
fbem-9132	18	109	investors	investor	NOUN
fbem-9132	18	110	will	will	AUX
fbem-9132	18	111	demand	demand	VERB
fbem-9132	18	112	higher	high	ADJ
fbem-9132	18	113	risk	risk	NOUN
fbem-9132	18	114	compensation	compensation	NOUN
fbem-9132	18	115	,	,	PUNCT
fbem-9132	18	116	and	and	CCONJ
fbem-9132	18	117	external	external	ADJ
fbem-9132	18	118	financing	financing	NOUN
fbem-9132	18	119	costs	cost	NOUN
fbem-9132	18	120	will	will	AUX
fbem-9132	18	121	be	be	AUX
fbem-9132	18	122	higher	high	ADJ
fbem-9132	18	123	than	than	ADP
fbem-9132	18	124	internal	internal	ADJ
fbem-9132	18	125	financing	financing	NOUN
fbem-9132	18	126	costs	cost	NOUN
fbem-9132	18	127	,	,	PUNCT
fbem-9132	18	128	so	so	ADV
fbem-9132	18	129	internal	internal	ADJ
fbem-9132	18	130	financing	financing	NOUN
fbem-9132	18	131	is	be	AUX
fbem-9132	18	132	an	an	DET
fbem-9132	18	133	important	important	ADJ
fbem-9132	18	134	source	source	NOUN
fbem-9132	18	135	of	of	ADP
fbem-9132	18	136	funding	funding	NOUN
fbem-9132	18	137	for	for	ADP
fbem-9132	18	138	corporate	corporate	ADJ
fbem-9132	18	139	innovation	innovation	NOUN
fbem-9132	18	140	activities	activity	NOUN
fbem-9132	18	141	.	.	PUNCT
fbem-9132	19	1	however	however	ADV
fbem-9132	19	2	,	,	PUNCT
fbem-9132	19	3	the	the	DET
fbem-9132	19	4	tax	tax	NOUN
fbem-9132	19	5	burden	burden	NOUN
fbem-9132	19	6	will	will	AUX
fbem-9132	19	7	reduce	reduce	VERB
fbem-9132	19	8	the	the	DET
fbem-9132	19	9	internal	internal	ADJ
fbem-9132	19	10	cash	cash	NOUN
fbem-9132	19	11	flow	flow	NOUN
fbem-9132	19	12	of	of	ADP
fbem-9132	19	13	the	the	DET
fbem-9132	19	14	enterprise	enterprise	NOUN
fbem-9132	19	15	,	,	PUNCT
fbem-9132	19	16	and	and	CCONJ
fbem-9132	19	17	when	when	SCONJ
fbem-9132	19	18	the	the	DET
fbem-9132	19	19	enterprise	enterprise	NOUN
fbem-9132	19	20	faces	face	VERB
fbem-9132	19	21	high	high	ADJ
fbem-9132	19	22	external	external	ADJ
fbem-9132	19	23	financing	financing	NOUN
fbem-9132	19	24	costs	cost	NOUN
fbem-9132	19	25	and	and	CCONJ
fbem-9132	19	26	financing	financing	NOUN
fbem-9132	19	27	difficulties	difficulty	NOUN
fbem-9132	19	28	,	,	PUNCT
fbem-9132	19	29	it	it	PRON
fbem-9132	19	30	usually	usually	ADV
fbem-9132	19	31	chooses	choose	VERB
fbem-9132	19	32	to	to	PART
fbem-9132	19	33	avoid	avoid	VERB
fbem-9132	19	34	tax	tax	NOUN
fbem-9132	19	35	,	,	PUNCT
fbem-9132	19	36	reduce	reduce	VERB
fbem-9132	19	37	the	the	DET
fbem-9132	19	38	outflow	outflow	NOUN
fbem-9132	19	39	of	of	ADP
fbem-9132	19	40	cash	cash	NOUN
fbem-9132	19	41	,	,	PUNCT
fbem-9132	19	42	maintain	maintain	VERB
fbem-9132	19	43	the	the	DET
fbem-9132	19	44	optimal	optimal	ADJ
fbem-9132	19	45	amount	amount	NOUN
fbem-9132	19	46	of	of	ADP
fbem-9132	19	47	r&d	r&d	NOUN
fbem-9132	19	48	investment	investment	NOUN
fbem-9132	19	49	of	of	ADP
fbem-9132	19	50	the	the	DET
fbem-9132	19	51	enterprise	enterprise	NOUN
fbem-9132	19	52	,	,	PUNCT
fbem-9132	19	53	and	and	CCONJ
fbem-9132	19	54	ensure	ensure	VERB
fbem-9132	19	55	the	the	DET
fbem-9132	19	56	smooth	smooth	ADJ
fbem-9132	19	57	progress	progress	NOUN
fbem-9132	19	58	of	of	ADP
fbem-9132	19	59	r&d	r&d	NOUN
fbem-9132	19	60	activities	activity	NOUN
fbem-9132	19	61	.	.	PUNCT
fbem-9132	20	1	therefore	therefore	ADV
fbem-9132	20	2	,	,	PUNCT
fbem-9132	20	3	in	in	ADP
fbem-9132	20	4	the	the	DET
fbem-9132	20	5	growth	growth	NOUN
fbem-9132	20	6	period	period	NOUN
fbem-9132	20	7	,	,	PUNCT
fbem-9132	20	8	corporate	corporate	ADJ
fbem-9132	20	9	tax	tax	NOUN
fbem-9132	20	10	avoidance	avoidance	NOUN
fbem-9132	20	11	is	be	AUX
fbem-9132	20	12	mainly	mainly	ADV
fbem-9132	20	13	to	to	PART
fbem-9132	20	14	retain	retain	VERB
fbem-9132	20	15	internal	internal	ADJ
fbem-9132	20	16	retained	retain	VERB
fbem-9132	20	17	funds	fund	NOUN
fbem-9132	20	18	as	as	ADV
fbem-9132	20	19	much	much	ADV
fbem-9132	20	20	as	as	ADP
fbem-9132	20	21	possible	possible	ADJ
fbem-9132	20	22	to	to	PART
fbem-9132	20	23	invest	invest	VERB
fbem-9132	20	24	in	in	ADP
fbem-9132	20	25	activities	activity	NOUN
fbem-9132	20	26	such	such	ADJ
fbem-9132	20	27	as	as	ADP
fbem-9132	20	28	research	research	NOUN
fbem-9132	20	29	and	and	CCONJ
fbem-9132	20	30	development	development	NOUN
fbem-9132	20	31	.	.	PUNCT
fbem-9132	21	1	at	at	ADP
fbem-9132	21	2	the	the	DET
fbem-9132	21	3	same	same	ADJ
fbem-9132	21	4	time	time	NOUN
fbem-9132	21	5	,	,	PUNCT
fbem-9132	21	6	tax	tax	NOUN
fbem-9132	21	7	avoidance	avoidance	NOUN
fbem-9132	21	8	can	can	AUX
fbem-9132	21	9	also	also	ADV
fbem-9132	21	10	help	help	VERB
fbem-9132	21	11	enterprises	enterprise	NOUN
fbem-9132	21	12	to	to	PART
fbem-9132	21	13	increase	increase	VERB
fbem-9132	21	14	their	their	PRON
fbem-9132	21	15	internal	internal	ADJ
fbem-9132	21	16	cash	cash	NOUN
fbem-9132	21	17	flow	flow	NOUN
fbem-9132	21	18	in	in	ADP
fbem-9132	21	19	a	a	DET
fbem-9132	21	20	planned	planned	ADJ
fbem-9132	21	21	way	way	NOUN
fbem-9132	21	22	to	to	PART
fbem-9132	21	23	cope	cope	VERB
fbem-9132	21	24	with	with	ADP
fbem-9132	21	25	the	the	DET
fbem-9132	21	26	uncertainty	uncertainty	NOUN
fbem-9132	21	27	of	of	ADP
fbem-9132	21	28	cash	cash	NOUN
fbem-9132	21	29	flow	flow	NOUN
fbem-9132	21	30	that	that	PRON
fbem-9132	21	31	enterprises	enterprise	NOUN
fbem-9132	21	32	may	may	AUX
fbem-9132	21	33	face	face	VERB
fbem-9132	21	34	in	in	ADP
fbem-9132	21	35	the	the	DET
fbem-9132	21	36	future	future	NOUN
fbem-9132	21	37	,	,	PUNCT
fbem-9132	21	38	and	and	CCONJ
fbem-9132	21	39	this	this	DET
fbem-9132	21	40	method	method	NOUN
fbem-9132	21	41	of	of	ADP
fbem-9132	21	42	obtaining	obtain	VERB
fbem-9132	21	43	internal	internal	ADJ
fbem-9132	21	44	financing	financing	NOUN
fbem-9132	21	45	through	through	ADP
fbem-9132	21	46	tax	tax	NOUN
fbem-9132	21	47	avoidance	avoidance	NOUN
fbem-9132	21	48	can	can	AUX
fbem-9132	21	49	help	help	VERB
fbem-9132	21	50	enterprises	enterprise	NOUN
fbem-9132	21	51	cope	cope	VERB
fbem-9132	21	52	with	with	ADP
fbem-9132	21	53	the	the	DET
fbem-9132	21	54	uncertainty	uncertainty	NOUN
fbem-9132	21	55	of	of	ADP
fbem-9132	21	56	the	the	DET
fbem-9132	21	57	external	external	ADJ
fbem-9132	21	58	market	market	NOUN
fbem-9132	21	59	,	,	PUNCT
fbem-9132	21	60	reduce	reduce	VERB
fbem-9132	21	61	operational	operational	ADJ
fbem-9132	21	62	risks	risk	NOUN
fbem-9132	21	63	,	,	PUNCT
fbem-9132	21	64	seize	seize	VERB
fbem-9132	21	65	innovative	innovative	ADJ
fbem-9132	21	66	investment	investment	NOUN
fbem-9132	21	67	opportunities	opportunity	NOUN
fbem-9132	21	68	in	in	ADP
fbem-9132	21	69	a	a	DET
fbem-9132	21	70	timely	timely	ADJ
fbem-9132	21	71	manner	manner	NOUN
fbem-9132	21	72	,	,	PUNCT
fbem-9132	21	73	increase	increase	VERB
fbem-9132	21	74	r&d	r&d	NOUN
fbem-9132	21	75	and	and	CCONJ
fbem-9132	21	76	innovation	innovation	NOUN
fbem-9132	21	77	activities	activity	NOUN
fbem-9132	21	78	,	,	PUNCT
fbem-9132	21	79	and	and	CCONJ
fbem-9132	21	80	improve	improve	VERB
fbem-9132	21	81	competitiveness	competitiveness	NOUN
fbem-9132	21	82	.	.	PUNCT
fbem-9132	22	1	in	in	ADP
fbem-9132	22	2	addition	addition	NOUN
fbem-9132	22	3	,	,	PUNCT
fbem-9132	22	4	due	due	ADP
fbem-9132	22	5	to	to	ADP
fbem-9132	22	6	the	the	DET
fbem-9132	22	7	generally	generally	ADV
fbem-9132	22	8	small	small	ADJ
fbem-9132	22	9	scale	scale	NOUN
fbem-9132	22	10	of	of	ADP
fbem-9132	22	11	enterprises	enterprise	NOUN
fbem-9132	22	12	in	in	ADP
fbem-9132	22	13	the	the	DET
fbem-9132	22	14	growth	growth	NOUN
fbem-9132	22	15	period	period	NOUN
fbem-9132	22	16	,	,	PUNCT
fbem-9132	22	17	entrepreneurs	entrepreneur	NOUN
fbem-9132	22	18	and	and	CCONJ
fbem-9132	22	19	owners	owner	NOUN
fbem-9132	22	20	are	be	AUX
fbem-9132	22	21	often	often	ADV
fbem-9132	22	22	single	single	ADJ
fbem-9132	22	23	,	,	PUNCT
fbem-9132	22	24	the	the	DET
fbem-9132	22	25	agency	agency	NOUN
fbem-9132	22	26	problem	problem	NOUN
fbem-9132	22	27	is	be	AUX
fbem-9132	22	28	not	not	PART
fbem-9132	22	29	obvious	obvious	ADJ
fbem-9132	22	30	(	(	PUNCT
fbem-9132	22	31	hou	hou	NOUN
fbem-9132	22	32	qiaoming	qiaome	VERB
fbem-9132	22	33	et	et	PROPN
fbem-9132	22	34	al	al	PROPN
fbem-9132	22	35	.	.	PROPN
fbem-9132	22	36	,	,	PUNCT
fbem-9132	22	37	2017	2017	NUM
fbem-9132	22	38	)	)	PUNCT
fbem-9132	22	39	,	,	PUNCT
fbem-9132	22	40	and	and	CCONJ
fbem-9132	22	41	the	the	DET
fbem-9132	22	42	consequences	consequence	NOUN
fbem-9132	22	43	of	of	ADP
fbem-9132	22	44	the	the	DET
fbem-9132	22	45	tax	tax	NOUN
fbem-9132	22	46	avoidance	avoidance	NOUN
fbem-9132	22	47	agency	agency	NOUN
fbem-9132	22	48	concept	concept	NOUN
fbem-9132	22	49	are	be	AUX
fbem-9132	22	50	not	not	PART
fbem-9132	22	51	obvious	obvious	ADJ
fbem-9132	22	52	.	.	PUNCT
fbem-9132	23	1	therefore	therefore	ADV
fbem-9132	23	2	,	,	PUNCT
fbem-9132	23	3	in	in	ADP
fbem-9132	23	4	the	the	DET
fbem-9132	23	5	growth	growth	NOUN
fbem-9132	23	6	period	period	NOUN
fbem-9132	23	7	,	,	PUNCT
fbem-9132	23	8	the	the	DET
fbem-9132	23	9	more	more	ADV
fbem-9132	23	10	aggressive	aggressive	ADJ
fbem-9132	23	11	corporate	corporate	ADJ
fbem-9132	23	12	tax	tax	NOUN
fbem-9132	23	13	avoidance	avoidance	NOUN
fbem-9132	23	14	,	,	PUNCT
fbem-9132	23	15	the	the	DET
fbem-9132	23	16	more	more	ADV
fbem-9132	23	17	obvious	obvious	ADJ
fbem-9132	23	18	its	its	PRON
fbem-9132	23	19	positive	positive	ADJ
fbem-9132	23	20	incentive	incentive	NOUN
fbem-9132	23	21	for	for	ADP
fbem-9132	23	22	innovation	innovation	NOUN
fbem-9132	23	23	performance	performance	NOUN
fbem-9132	23	24	should	should	AUX
fbem-9132	23	25	be	be	AUX
fbem-9132	23	26	.	.	PUNCT
fbem-9132	24	1	2.2	2.2	NUM
fbem-9132	24	2	.	.	PUNCT
fbem-9132	24	3	maturity	maturity	NOUN
fbem-9132	24	4	:	:	PUNCT
fbem-9132	24	5	tax	tax	NOUN
fbem-9132	24	6	avoidance	avoidance	NOUN
fbem-9132	24	7	does	do	VERB
fbem-9132	24	8	little	little	ADJ
fbem-9132	24	9	to	to	PART
fbem-9132	24	10	improve	improve	VERB
fbem-9132	24	11	innovation	innovation	NOUN
fbem-9132	24	12	performance	performance	NOUN
fbem-9132	24	13	when	when	SCONJ
fbem-9132	24	14	enterprises	enterprise	NOUN
fbem-9132	24	15	are	be	AUX
fbem-9132	24	16	in	in	ADP
fbem-9132	24	17	a	a	DET
fbem-9132	24	18	mature	mature	ADJ
fbem-9132	24	19	period	period	NOUN
fbem-9132	24	20	of	of	ADP
fbem-9132	24	21	stable	stable	ADJ
fbem-9132	24	22	development	development	NOUN
fbem-9132	24	23	,	,	PUNCT
fbem-9132	24	24	the	the	DET
fbem-9132	24	25	impact	impact	NOUN
fbem-9132	24	26	of	of	ADP
fbem-9132	24	27	tax	tax	NOUN
fbem-9132	24	28	avoidance	avoidance	NOUN
fbem-9132	24	29	on	on	ADP
fbem-9132	24	30	enterprise	enterprise	NOUN
fbem-9132	24	31	88	88	NUM
fbem-9132	24	32	innovation	innovation	NOUN
fbem-9132	24	33	is	be	AUX
fbem-9132	24	34	more	more	ADV
fbem-9132	24	35	complicated	complicated	ADJ
fbem-9132	24	36	.	.	PUNCT
fbem-9132	25	1	in	in	ADP
fbem-9132	25	2	the	the	DET
fbem-9132	25	3	mature	mature	ADJ
fbem-9132	25	4	period	period	NOUN
fbem-9132	25	5	,	,	PUNCT
fbem-9132	25	6	the	the	DET
fbem-9132	25	7	enterprise	enterprise	NOUN
fbem-9132	25	8	is	be	AUX
fbem-9132	25	9	like	like	ADP
fbem-9132	25	10	a	a	DET
fbem-9132	25	11	person	person	NOUN
fbem-9132	25	12	in	in	ADP
fbem-9132	25	13	the	the	DET
fbem-9132	25	14	prime	prime	NOUN
fbem-9132	25	15	of	of	ADP
fbem-9132	25	16	life	life	NOUN
fbem-9132	25	17	,	,	PUNCT
fbem-9132	25	18	when	when	SCONJ
fbem-9132	25	19	its	its	PRON
fbem-9132	25	20	position	position	NOUN
fbem-9132	25	21	in	in	ADP
fbem-9132	25	22	the	the	DET
fbem-9132	25	23	market	market	NOUN
fbem-9132	25	24	is	be	AUX
fbem-9132	25	25	relatively	relatively	ADV
fbem-9132	25	26	stable	stable	ADJ
fbem-9132	25	27	,	,	PUNCT
fbem-9132	25	28	the	the	DET
fbem-9132	25	29	scale	scale	NOUN
fbem-9132	25	30	of	of	ADP
fbem-9132	25	31	operation	operation	NOUN
fbem-9132	25	32	increases	increase	NOUN
fbem-9132	25	33	,	,	PUNCT
fbem-9132	25	34	it	it	PRON
fbem-9132	25	35	enters	enter	VERB
fbem-9132	25	36	the	the	DET
fbem-9132	25	37	return	return	NOUN
fbem-9132	25	38	period	period	NOUN
fbem-9132	25	39	,	,	PUNCT
fbem-9132	25	40	and	and	CCONJ
fbem-9132	25	41	gradually	gradually	ADV
fbem-9132	25	42	has	have	VERB
fbem-9132	25	43	positive	positive	ADJ
fbem-9132	25	44	cash	cash	NOUN
fbem-9132	25	45	flow	flow	NOUN
fbem-9132	25	46	.	.	PUNCT
fbem-9132	26	1	however	however	ADV
fbem-9132	26	2	,	,	PUNCT
fbem-9132	26	3	the	the	DET
fbem-9132	26	4	problem	problem	NOUN
fbem-9132	26	5	is	be	AUX
fbem-9132	26	6	that	that	SCONJ
fbem-9132	26	7	with	with	ADP
fbem-9132	26	8	the	the	DET
fbem-9132	26	9	increasing	increase	VERB
fbem-9132	26	10	number	number	NOUN
fbem-9132	26	11	of	of	ADP
fbem-9132	26	12	management	management	NOUN
fbem-9132	26	13	levels	level	NOUN
fbem-9132	26	14	and	and	CCONJ
fbem-9132	26	15	the	the	DET
fbem-9132	26	16	increasing	increase	VERB
fbem-9132	26	17	complexity	complexity	NOUN
fbem-9132	26	18	of	of	ADP
fbem-9132	26	19	the	the	DET
fbem-9132	26	20	organizational	organizational	ADJ
fbem-9132	26	21	structure	structure	NOUN
fbem-9132	26	22	,	,	PUNCT
fbem-9132	26	23	the	the	DET
fbem-9132	26	24	problem	problem	NOUN
fbem-9132	26	25	of	of	ADP
fbem-9132	26	26	entrusting	entrust	VERB
fbem-9132	26	27	agents	agent	NOUN
fbem-9132	26	28	in	in	ADP
fbem-9132	26	29	the	the	DET
fbem-9132	26	30	management	management	NOUN
fbem-9132	26	31	of	of	ADP
fbem-9132	26	32	enterprises	enterprise	NOUN
fbem-9132	26	33	continues	continue	VERB
fbem-9132	26	34	to	to	PART
fbem-9132	26	35	appear	appear	VERB
fbem-9132	26	36	,	,	PUNCT
fbem-9132	26	37	and	and	CCONJ
fbem-9132	26	38	managers	manager	NOUN
fbem-9132	26	39	have	have	AUX
fbem-9132	26	40	begun	begin	VERB
fbem-9132	26	41	to	to	PART
fbem-9132	26	42	pursue	pursue	VERB
fbem-9132	26	43	self	self	NOUN
fbem-9132	26	44	-	-	PUNCT
fbem-9132	26	45	interest	interest	NOUN
fbem-9132	26	46	.	.	PUNCT
fbem-9132	27	1	first	first	ADV
fbem-9132	27	2	,	,	PUNCT
fbem-9132	27	3	based	base	VERB
fbem-9132	27	4	on	on	ADP
fbem-9132	27	5	the	the	DET
fbem-9132	27	6	principal	principal	ADJ
fbem-9132	27	7	-	-	PUNCT
fbem-9132	27	8	agent	agent	NOUN
fbem-9132	27	9	theory	theory	NOUN
fbem-9132	27	10	,	,	PUNCT
fbem-9132	27	11	the	the	DET
fbem-9132	27	12	innovation	innovation	NOUN
fbem-9132	27	13	of	of	ADP
fbem-9132	27	14	enterprises	enterprise	NOUN
fbem-9132	27	15	will	will	AUX
fbem-9132	27	16	be	be	AUX
fbem-9132	27	17	affected	affect	VERB
fbem-9132	27	18	by	by	ADP
fbem-9132	27	19	the	the	DET
fbem-9132	27	20	principal	principal	ADJ
fbem-9132	27	21	-	-	PUNCT
fbem-9132	27	22	agent	agent	NOUN
fbem-9132	27	23	problem	problem	NOUN
fbem-9132	27	24	.	.	PUNCT
fbem-9132	28	1	on	on	ADP
fbem-9132	28	2	the	the	DET
fbem-9132	28	3	one	one	NUM
fbem-9132	28	4	hand	hand	NOUN
fbem-9132	28	5	,	,	PUNCT
fbem-9132	28	6	there	there	PRON
fbem-9132	28	7	is	be	VERB
fbem-9132	28	8	an	an	DET
fbem-9132	28	9	inherent	inherent	ADJ
fbem-9132	28	10	information	information	NOUN
fbem-9132	28	11	asymmetry	asymmetry	NOUN
fbem-9132	28	12	between	between	ADP
fbem-9132	28	13	management	management	NOUN
fbem-9132	28	14	and	and	CCONJ
fbem-9132	28	15	shareholders	shareholder	NOUN
fbem-9132	28	16	,	,	PUNCT
fbem-9132	28	17	and	and	CCONJ
fbem-9132	28	18	management	management	NOUN
fbem-9132	28	19	has	have	VERB
fbem-9132	28	20	more	more	ADV
fbem-9132	28	21	private	private	ADJ
fbem-9132	28	22	information	information	NOUN
fbem-9132	28	23	related	relate	VERB
fbem-9132	28	24	to	to	ADP
fbem-9132	28	25	the	the	DET
fbem-9132	28	26	company	company	NOUN
fbem-9132	28	27	's	's	PART
fbem-9132	28	28	operations	operation	NOUN
fbem-9132	28	29	than	than	ADP
fbem-9132	28	30	shareholders	shareholder	NOUN
fbem-9132	28	31	.	.	PUNCT
fbem-9132	29	1	however	however	ADV
fbem-9132	29	2	,	,	PUNCT
fbem-9132	29	3	the	the	DET
fbem-9132	29	4	complexity	complexity	NOUN
fbem-9132	29	5	of	of	ADP
fbem-9132	29	6	innovation	innovation	NOUN
fbem-9132	29	7	activities	activity	NOUN
fbem-9132	29	8	and	and	CCONJ
fbem-9132	29	9	the	the	DET
fbem-9132	29	10	high	high	ADJ
fbem-9132	29	11	risk	risk	NOUN
fbem-9132	29	12	of	of	ADP
fbem-9132	29	13	investment	investment	NOUN
fbem-9132	29	14	make	make	VERB
fbem-9132	29	15	it	it	PRON
fbem-9132	29	16	more	more	ADV
fbem-9132	29	17	difficult	difficult	ADJ
fbem-9132	29	18	for	for	SCONJ
fbem-9132	29	19	shareholders	shareholder	NOUN
fbem-9132	29	20	to	to	PART
fbem-9132	29	21	identify	identify	VERB
fbem-9132	29	22	the	the	DET
fbem-9132	29	23	extent	extent	NOUN
fbem-9132	29	24	of	of	ADP
fbem-9132	29	25	management	management	NOUN
fbem-9132	29	26	's	's	PART
fbem-9132	29	27	efforts	effort	NOUN
fbem-9132	29	28	,	,	PUNCT
fbem-9132	29	29	firstly	firstly	ADV
fbem-9132	29	30	,	,	PUNCT
fbem-9132	29	31	it	it	PRON
fbem-9132	29	32	is	be	AUX
fbem-9132	29	33	difficult	difficult	ADJ
fbem-9132	29	34	to	to	PART
fbem-9132	29	35	estimate	estimate	VERB
fbem-9132	29	36	the	the	DET
fbem-9132	29	37	future	future	ADJ
fbem-9132	29	38	cash	cash	NOUN
fbem-9132	29	39	flow	flow	NOUN
fbem-9132	29	40	of	of	ADP
fbem-9132	29	41	innovation	innovation	NOUN
fbem-9132	29	42	investment	investment	NOUN
fbem-9132	29	43	activities	activity	NOUN
fbem-9132	29	44	in	in	ADP
fbem-9132	29	45	an	an	DET
fbem-9132	29	46	appropriate	appropriate	ADJ
fbem-9132	29	47	way	way	NOUN
fbem-9132	29	48	,	,	PUNCT
fbem-9132	29	49	and	and	CCONJ
fbem-9132	29	50	secondly	secondly	ADV
fbem-9132	29	51	,	,	PUNCT
fbem-9132	29	52	it	it	PRON
fbem-9132	29	53	is	be	AUX
fbem-9132	29	54	difficult	difficult	ADJ
fbem-9132	29	55	for	for	SCONJ
fbem-9132	29	56	shareholders	shareholder	NOUN
fbem-9132	29	57	to	to	PART
fbem-9132	29	58	accurately	accurately	ADV
fbem-9132	29	59	grasp	grasp	VERB
fbem-9132	29	60	the	the	DET
fbem-9132	29	61	amount	amount	NOUN
fbem-9132	29	62	of	of	ADP
fbem-9132	29	63	innovation	innovation	NOUN
fbem-9132	29	64	investment	investment	NOUN
fbem-9132	29	65	and	and	CCONJ
fbem-9132	29	66	whether	whether	SCONJ
fbem-9132	29	67	it	it	PRON
fbem-9132	29	68	is	be	AUX
fbem-9132	29	69	effective	effective	ADJ
fbem-9132	29	70	.	.	PUNCT
fbem-9132	30	1	management	management	NOUN
fbem-9132	30	2	may	may	AUX
fbem-9132	30	3	reduce	reduce	VERB
fbem-9132	30	4	investment	investment	NOUN
fbem-9132	30	5	in	in	ADP
fbem-9132	30	6	r&d	r&d	NOUN
fbem-9132	30	7	and	and	CCONJ
fbem-9132	30	8	innovation	innovation	NOUN
fbem-9132	30	9	due	due	ADP
fbem-9132	30	10	to	to	ADP
fbem-9132	30	11	short	short	ADJ
fbem-9132	30	12	-	-	PUNCT
fbem-9132	30	13	sightedness	sightedness	NOUN
fbem-9132	30	14	or	or	CCONJ
fbem-9132	30	15	avoidance	avoidance	NOUN
fbem-9132	30	16	of	of	ADP
fbem-9132	30	17	its	its	PRON
fbem-9132	30	18	own	own	ADJ
fbem-9132	30	19	operational	operational	ADJ
fbem-9132	30	20	risks	risk	NOUN
fbem-9132	30	21	;	;	PUNCT
fbem-9132	30	22	it	it	PRON
fbem-9132	30	23	is	be	AUX
fbem-9132	30	24	also	also	ADV
fbem-9132	30	25	possible	possible	ADJ
fbem-9132	30	26	to	to	PART
fbem-9132	30	27	abuse	abuse	VERB
fbem-9132	30	28	innovation	innovation	NOUN
fbem-9132	30	29	investment	investment	NOUN
fbem-9132	30	30	for	for	ADP
fbem-9132	30	31	private	private	ADJ
fbem-9132	30	32	gain	gain	NOUN
fbem-9132	30	33	out	out	ADP
fbem-9132	30	34	of	of	ADP
fbem-9132	30	35	opportunism	opportunism	NOUN
fbem-9132	30	36	(	(	PUNCT
fbem-9132	30	37	lu	lu	PROPN
fbem-9132	30	38	rui	rui	PROPN
fbem-9132	30	39	,	,	PUNCT
fbem-9132	30	40	2014	2014	NUM
fbem-9132	30	41	)	)	PUNCT
fbem-9132	30	42	,	,	PUNCT
fbem-9132	30	43	both	both	PRON
fbem-9132	30	44	of	of	ADP
fbem-9132	30	45	which	which	PRON
fbem-9132	30	46	will	will	AUX
fbem-9132	30	47	ultimately	ultimately	ADV
fbem-9132	30	48	lead	lead	VERB
fbem-9132	30	49	to	to	ADP
fbem-9132	30	50	a	a	DET
fbem-9132	30	51	reduction	reduction	NOUN
fbem-9132	30	52	in	in	ADP
fbem-9132	30	53	innovation	innovation	NOUN
fbem-9132	30	54	output	output	NOUN
fbem-9132	30	55	.	.	PUNCT
fbem-9132	31	1	on	on	ADP
fbem-9132	31	2	the	the	DET
fbem-9132	31	3	other	other	ADJ
fbem-9132	31	4	hand	hand	NOUN
fbem-9132	31	5	,	,	PUNCT
fbem-9132	31	6	due	due	ADP
fbem-9132	31	7	to	to	ADP
fbem-9132	31	8	the	the	DET
fbem-9132	31	9	inconsistency	inconsistency	NOUN
fbem-9132	31	10	of	of	ADP
fbem-9132	31	11	the	the	DET
fbem-9132	31	12	residual	residual	ADJ
fbem-9132	31	13	income	income	NOUN
fbem-9132	31	14	enjoyed	enjoy	VERB
fbem-9132	31	15	by	by	ADP
fbem-9132	31	16	management	management	NOUN
fbem-9132	31	17	and	and	CCONJ
fbem-9132	31	18	shareholders	shareholder	NOUN
fbem-9132	31	19	,	,	PUNCT
fbem-9132	31	20	the	the	DET
fbem-9132	31	21	interests	interest	NOUN
fbem-9132	31	22	of	of	ADP
fbem-9132	31	23	the	the	DET
fbem-9132	31	24	two	two	NUM
fbem-9132	31	25	are	be	AUX
fbem-9132	31	26	not	not	PART
fbem-9132	31	27	always	always	ADV
fbem-9132	31	28	aligned	align	VERB
fbem-9132	31	29	,	,	PUNCT
fbem-9132	31	30	and	and	CCONJ
fbem-9132	31	31	management	management	NOUN
fbem-9132	31	32	can	can	AUX
fbem-9132	31	33	not	not	PART
fbem-9132	31	34	always	always	ADV
fbem-9132	31	35	take	take	VERB
fbem-9132	31	36	the	the	DET
fbem-9132	31	37	maximization	maximization	NOUN
fbem-9132	31	38	of	of	ADP
fbem-9132	31	39	corporate	corporate	ADJ
fbem-9132	31	40	interests	interest	NOUN
fbem-9132	31	41	as	as	ADP
fbem-9132	31	42	the	the	DET
fbem-9132	31	43	criterion	criterion	NOUN
fbem-9132	31	44	for	for	ADP
fbem-9132	31	45	decision	decision	NOUN
fbem-9132	31	46	-	-	PUNCT
fbem-9132	31	47	making	making	NOUN
fbem-9132	31	48	.	.	PUNCT
fbem-9132	32	1	agency	agency	NOUN
fbem-9132	32	2	problems	problem	NOUN
fbem-9132	32	3	lead	lead	VERB
fbem-9132	32	4	management	management	NOUN
fbem-9132	32	5	to	to	PART
fbem-9132	32	6	invest	invest	VERB
fbem-9132	32	7	less	less	ADJ
fbem-9132	32	8	in	in	ADP
fbem-9132	32	9	innovation	innovation	NOUN
fbem-9132	32	10	.	.	PUNCT
fbem-9132	33	1	for	for	ADP
fbem-9132	33	2	example	example	NOUN
fbem-9132	33	3	,	,	PUNCT
fbem-9132	33	4	management	management	NOUN
fbem-9132	33	5	may	may	AUX
fbem-9132	33	6	prefer	prefer	VERB
fbem-9132	33	7	to	to	PART
fbem-9132	33	8	invest	invest	VERB
fbem-9132	33	9	in	in	ADP
fbem-9132	33	10	safety	safety	NOUN
fbem-9132	33	11	projects	project	NOUN
fbem-9132	33	12	over	over	ADP
fbem-9132	33	13	high	high	ADJ
fbem-9132	33	14	-	-	PUNCT
fbem-9132	33	15	risk	risk	NOUN
fbem-9132	33	16	technological	technological	ADJ
fbem-9132	33	17	innovation	innovation	NOUN
fbem-9132	33	18	projects	project	NOUN
fbem-9132	33	19	for	for	ADP
fbem-9132	33	20	risk	risk	NOUN
fbem-9132	33	21	avoidance	avoidance	NOUN
fbem-9132	33	22	reasons	reason	NOUN
fbem-9132	33	23	.	.	PUNCT
fbem-9132	34	1	due	due	ADP
fbem-9132	34	2	to	to	ADP
fbem-9132	34	3	the	the	DET
fbem-9132	34	4	uncertainty	uncertainty	NOUN
fbem-9132	34	5	of	of	ADP
fbem-9132	34	6	innovation	innovation	NOUN
fbem-9132	34	7	outcomes	outcome	NOUN
fbem-9132	34	8	,	,	PUNCT
fbem-9132	34	9	management	management	NOUN
fbem-9132	34	10	can	can	AUX
fbem-9132	34	11	also	also	ADV
fbem-9132	34	12	lead	lead	VERB
fbem-9132	34	13	to	to	ADP
fbem-9132	34	14	poor	poor	ADJ
fbem-9132	34	15	innovation	innovation	NOUN
fbem-9132	34	16	performance	performance	NOUN
fbem-9132	34	17	in	in	ADP
fbem-9132	34	18	pursuit	pursuit	NOUN
fbem-9132	34	19	of	of	ADP
fbem-9132	34	20	short	short	ADJ
fbem-9132	34	21	-	-	PUNCT
fbem-9132	34	22	term	term	NOUN
fbem-9132	34	23	benefits	benefit	NOUN
fbem-9132	34	24	(	(	PUNCT
fbem-9132	34	25	eberhart	eberhart	NOUN
fbem-9132	34	26	et	et	PROPN
fbem-9132	34	27	al	al	PROPN
fbem-9132	34	28	.	.	PROPN
fbem-9132	34	29	2008	2008	NUM
fbem-9132	34	30	)	)	PUNCT
fbem-9132	34	31	.	.	PUNCT
fbem-9132	35	1	in	in	ADP
fbem-9132	35	2	this	this	DET
fbem-9132	35	3	context	context	NOUN
fbem-9132	35	4	,	,	PUNCT
fbem-9132	35	5	corporate	corporate	ADJ
fbem-9132	35	6	tax	tax	NOUN
fbem-9132	35	7	avoidance	avoidance	NOUN
fbem-9132	35	8	can	can	AUX
fbem-9132	35	9	exacerbate	exacerbate	VERB
fbem-9132	35	10	this	this	DET
fbem-9132	35	11	proxy	proxy	ADJ
fbem-9132	35	12	conflict	conflict	NOUN
fbem-9132	35	13	.	.	PUNCT
fbem-9132	36	1	first	first	ADV
fbem-9132	36	2	,	,	PUNCT
fbem-9132	36	3	corporate	corporate	ADJ
fbem-9132	36	4	tax	tax	NOUN
fbem-9132	36	5	avoidance	avoidance	NOUN
fbem-9132	36	6	exacerbates	exacerbate	VERB
fbem-9132	36	7	the	the	DET
fbem-9132	36	8	degree	degree	NOUN
fbem-9132	36	9	of	of	ADP
fbem-9132	36	10	internal	internal	ADJ
fbem-9132	36	11	and	and	CCONJ
fbem-9132	36	12	external	external	ADJ
fbem-9132	36	13	information	information	NOUN
fbem-9132	36	14	asymmetry	asymmetry	NOUN
fbem-9132	36	15	.	.	PUNCT
fbem-9132	37	1	second	second	ADJ
fbem-9132	37	2	,	,	PUNCT
fbem-9132	37	3	corporate	corporate	ADJ
fbem-9132	37	4	tax	tax	NOUN
fbem-9132	37	5	avoidance	avoidance	NOUN
fbem-9132	37	6	facilitates	facilitate	VERB
fbem-9132	37	7	opportunistic	opportunistic	ADJ
fbem-9132	37	8	behavior	behavior	NOUN
fbem-9132	37	9	by	by	ADP
fbem-9132	37	10	management	management	NOUN
fbem-9132	37	11	.	.	PUNCT
fbem-9132	38	1	when	when	SCONJ
fbem-9132	38	2	companies	company	NOUN
fbem-9132	38	3	conduct	conduct	VERB
fbem-9132	38	4	tax	tax	NOUN
fbem-9132	38	5	avoidance	avoidance	NOUN
fbem-9132	38	6	activities	activity	NOUN
fbem-9132	38	7	,	,	PUNCT
fbem-9132	38	8	they	they	PRON
fbem-9132	38	9	often	often	ADV
fbem-9132	38	10	adopt	adopt	VERB
fbem-9132	38	11	complex	complex	ADJ
fbem-9132	38	12	and	and	CCONJ
fbem-9132	38	13	less	less	ADV
fbem-9132	38	14	transparent	transparent	ADJ
fbem-9132	38	15	transactions	transaction	NOUN
fbem-9132	38	16	to	to	PART
fbem-9132	38	17	conceal	conceal	VERB
fbem-9132	38	18	their	their	PRON
fbem-9132	38	19	tax	tax	NOUN
fbem-9132	38	20	avoidance	avoidance	NOUN
fbem-9132	38	21	behavior	behavior	NOUN
fbem-9132	38	22	.	.	PUNCT
fbem-9132	39	1	this	this	PRON
fbem-9132	39	2	makes	make	VERB
fbem-9132	39	3	it	it	PRON
fbem-9132	39	4	easy	easy	ADJ
fbem-9132	39	5	for	for	SCONJ
fbem-9132	39	6	insiders	insider	NOUN
fbem-9132	39	7	to	to	PART
fbem-9132	39	8	take	take	VERB
fbem-9132	39	9	advantage	advantage	NOUN
fbem-9132	39	10	of	of	ADP
fbem-9132	39	11	this	this	DET
fbem-9132	39	12	opaque	opaque	ADJ
fbem-9132	39	13	information	information	NOUN
fbem-9132	39	14	to	to	PART
fbem-9132	39	15	engage	engage	VERB
fbem-9132	39	16	in	in	ADP
fbem-9132	39	17	certain	certain	ADJ
fbem-9132	39	18	self	self	NOUN
fbem-9132	39	19	-	-	PUNCT
fbem-9132	39	20	interested	interested	ADJ
fbem-9132	39	21	behaviors	behavior	NOUN
fbem-9132	39	22	and	and	CCONJ
fbem-9132	39	23	obtain	obtain	VERB
fbem-9132	39	24	private	private	ADJ
fbem-9132	39	25	benefits	benefit	NOUN
fbem-9132	39	26	(	(	PUNCT
fbem-9132	39	27	chen	chen	PROPN
fbem-9132	39	28	&	&	CCONJ
fbem-9132	39	29	chu	chu	PROPN
fbem-9132	39	30	,	,	PUNCT
fbem-9132	39	31	2005	2005	NUM
fbem-9132	39	32	)	)	PUNCT
fbem-9132	39	33	.	.	PUNCT
fbem-9132	40	1	in	in	ADP
fbem-9132	40	2	the	the	DET
fbem-9132	40	3	case	case	NOUN
fbem-9132	40	4	of	of	ADP
fbem-9132	40	5	heightened	heightened	ADJ
fbem-9132	40	6	agency	agency	NOUN
fbem-9132	40	7	conflicts	conflict	NOUN
fbem-9132	40	8	,	,	PUNCT
fbem-9132	40	9	management	management	NOUN
fbem-9132	40	10	may	may	AUX
fbem-9132	40	11	choose	choose	VERB
fbem-9132	40	12	to	to	PART
fbem-9132	40	13	reduce	reduce	VERB
fbem-9132	40	14	real	real	ADJ
fbem-9132	40	15	investment	investment	NOUN
fbem-9132	40	16	in	in	ADP
fbem-9132	40	17	innovation	innovation	NOUN
fbem-9132	40	18	.	.	PUNCT
fbem-9132	41	1	and	and	CCONJ
fbem-9132	41	2	,	,	PUNCT
fbem-9132	41	3	to	to	PART
fbem-9132	41	4	avoid	avoid	VERB
fbem-9132	41	5	detection	detection	NOUN
fbem-9132	41	6	,	,	PUNCT
fbem-9132	41	7	designing	design	VERB
fbem-9132	41	8	complex	complex	ADJ
fbem-9132	41	9	tax	tax	NOUN
fbem-9132	41	10	avoidance	avoidance	NOUN
fbem-9132	41	11	methods	method	NOUN
fbem-9132	41	12	distracts	distract	VERB
fbem-9132	41	13	management	management	NOUN
fbem-9132	41	14	from	from	ADP
fbem-9132	41	15	innovation	innovation	NOUN
fbem-9132	41	16	activities	activity	NOUN
fbem-9132	41	17	.	.	PUNCT
fbem-9132	42	1	and	and	CCONJ
fbem-9132	42	2	for	for	ADP
fbem-9132	42	3	mature	mature	ADJ
fbem-9132	42	4	enterprises	enterprise	NOUN
fbem-9132	42	5	,	,	PUNCT
fbem-9132	42	6	compared	compare	VERB
fbem-9132	42	7	with	with	ADP
fbem-9132	42	8	the	the	DET
fbem-9132	42	9	growth	growth	NOUN
fbem-9132	42	10	period	period	NOUN
fbem-9132	42	11	,	,	PUNCT
fbem-9132	42	12	their	their	PRON
fbem-9132	42	13	financing	financing	NOUN
fbem-9132	42	14	capacity	capacity	NOUN
fbem-9132	42	15	has	have	AUX
fbem-9132	42	16	been	be	AUX
fbem-9132	42	17	enhanced	enhance	VERB
fbem-9132	42	18	,	,	PUNCT
fbem-9132	42	19	financing	financing	NOUN
fbem-9132	42	20	problems	problem	NOUN
fbem-9132	42	21	have	have	AUX
fbem-9132	42	22	been	be	AUX
fbem-9132	42	23	alleviated	alleviate	VERB
fbem-9132	42	24	,	,	PUNCT
fbem-9132	42	25	tax	tax	NOUN
fbem-9132	42	26	avoidance	avoidance	NOUN
fbem-9132	42	27	and	and	CCONJ
fbem-9132	42	28	cash	cash	NOUN
fbem-9132	42	29	flow	flow	NOUN
fbem-9132	42	30	saving	save	VERB
fbem-9132	42	31	to	to	PART
fbem-9132	42	32	promote	promote	VERB
fbem-9132	42	33	innovation	innovation	NOUN
fbem-9132	42	34	is	be	AUX
fbem-9132	42	35	not	not	PART
fbem-9132	42	36	obvious	obvious	ADJ
fbem-9132	42	37	,	,	PUNCT
fbem-9132	42	38	the	the	DET
fbem-9132	42	39	resource	resource	NOUN
fbem-9132	42	40	concept	concept	NOUN
fbem-9132	42	41	no	no	ADV
fbem-9132	42	42	longer	long	ADV
fbem-9132	42	43	plays	play	VERB
fbem-9132	42	44	a	a	DET
fbem-9132	42	45	major	major	ADJ
fbem-9132	42	46	role	role	NOUN
fbem-9132	42	47	,	,	PUNCT
fbem-9132	42	48	and	and	CCONJ
fbem-9132	42	49	the	the	DET
fbem-9132	42	50	tax	tax	NOUN
fbem-9132	42	51	avoidance	avoidance	NOUN
fbem-9132	42	52	agency	agency	NOUN
fbem-9132	42	53	concept	concept	NOUN
fbem-9132	42	54	plays	play	VERB
fbem-9132	42	55	a	a	DET
fbem-9132	42	56	more	more	ADV
fbem-9132	42	57	dominant	dominant	ADJ
fbem-9132	42	58	role	role	NOUN
fbem-9132	42	59	in	in	ADP
fbem-9132	42	60	this	this	DET
fbem-9132	42	61	period	period	NOUN
fbem-9132	42	62	.	.	PUNCT
fbem-9132	43	1	2.3	2.3	NUM
fbem-9132	43	2	.	.	PUNCT
fbem-9132	44	1	recession	recession	NOUN
fbem-9132	44	2	:	:	PUNCT
fbem-9132	44	3	corporate	corporate	ADJ
fbem-9132	44	4	tax	tax	NOUN
fbem-9132	44	5	avoidance	avoidance	NOUN
fbem-9132	44	6	and	and	CCONJ
fbem-9132	44	7	innovation	innovation	NOUN
fbem-9132	44	8	performance	performance	NOUN
fbem-9132	44	9	when	when	SCONJ
fbem-9132	44	10	the	the	DET
fbem-9132	44	11	enterprise	enterprise	NOUN
fbem-9132	44	12	enters	enter	VERB
fbem-9132	44	13	a	a	DET
fbem-9132	44	14	recession	recession	NOUN
fbem-9132	44	15	period	period	NOUN
fbem-9132	44	16	,	,	PUNCT
fbem-9132	44	17	from	from	ADP
fbem-9132	44	18	the	the	DET
fbem-9132	44	19	perspective	perspective	NOUN
fbem-9132	44	20	of	of	ADP
fbem-9132	44	21	external	external	ADJ
fbem-9132	44	22	performance	performance	NOUN
fbem-9132	44	23	,	,	PUNCT
fbem-9132	44	24	the	the	DET
fbem-9132	44	25	operating	operating	NOUN
fbem-9132	44	26	conditions	condition	NOUN
fbem-9132	44	27	of	of	ADP
fbem-9132	44	28	the	the	DET
fbem-9132	44	29	enterprise	enterprise	NOUN
fbem-9132	44	30	gradually	gradually	ADV
fbem-9132	44	31	deteriorate	deteriorate	VERB
fbem-9132	44	32	,	,	PUNCT
fbem-9132	44	33	its	its	PRON
fbem-9132	44	34	sales	sale	NOUN
fbem-9132	44	35	begin	begin	VERB
fbem-9132	44	36	to	to	PART
fbem-9132	44	37	decrease	decrease	VERB
fbem-9132	44	38	,	,	PUNCT
fbem-9132	44	39	its	its	PRON
fbem-9132	44	40	market	market	NOUN
fbem-9132	44	41	share	share	NOUN
fbem-9132	44	42	gradually	gradually	ADV
fbem-9132	44	43	shrinks	shrink	VERB
fbem-9132	44	44	,	,	PUNCT
fbem-9132	44	45	the	the	DET
fbem-9132	44	46	profit	profit	NOUN
fbem-9132	44	47	margin	margin	NOUN
fbem-9132	44	48	is	be	AUX
fbem-9132	44	49	getting	get	VERB
fbem-9132	44	50	smaller	small	ADJ
fbem-9132	44	51	and	and	CCONJ
fbem-9132	44	52	smaller	small	ADJ
fbem-9132	44	53	,	,	PUNCT
fbem-9132	44	54	and	and	CCONJ
fbem-9132	44	55	it	it	PRON
fbem-9132	44	56	will	will	AUX
fbem-9132	44	57	be	be	AUX
fbem-9132	44	58	more	more	ADV
fbem-9132	44	59	and	and	CCONJ
fbem-9132	44	60	more	more	ADV
fbem-9132	44	61	difficult	difficult	ADJ
fbem-9132	44	62	for	for	SCONJ
fbem-9132	44	63	enterprises	enterprise	NOUN
fbem-9132	44	64	to	to	PART
fbem-9132	44	65	raise	raise	VERB
fbem-9132	44	66	funds	fund	NOUN
fbem-9132	44	67	.	.	PUNCT
fbem-9132	45	1	from	from	ADP
fbem-9132	45	2	the	the	DET
fbem-9132	45	3	perspective	perspective	NOUN
fbem-9132	45	4	of	of	ADP
fbem-9132	45	5	internal	internal	ADJ
fbem-9132	45	6	structure	structure	NOUN
fbem-9132	45	7	,	,	PUNCT
fbem-9132	45	8	the	the	DET
fbem-9132	45	9	organizational	organizational	ADJ
fbem-9132	45	10	flexibility	flexibility	NOUN
fbem-9132	45	11	of	of	ADP
fbem-9132	45	12	enterprises	enterprise	NOUN
fbem-9132	45	13	has	have	AUX
fbem-9132	45	14	declined	decline	VERB
fbem-9132	45	15	,	,	PUNCT
fbem-9132	45	16	internal	internal	ADJ
fbem-9132	45	17	bureaucracy	bureaucracy	NOUN
fbem-9132	45	18	has	have	AUX
fbem-9132	45	19	risen	rise	VERB
fbem-9132	45	20	,	,	PUNCT
fbem-9132	45	21	management	management	NOUN
fbem-9132	45	22	efficiency	efficiency	NOUN
fbem-9132	45	23	has	have	AUX
fbem-9132	45	24	declined	decline	VERB
fbem-9132	45	25	,	,	PUNCT
fbem-9132	45	26	and	and	CCONJ
fbem-9132	45	27	systems	system	NOUN
fbem-9132	45	28	are	be	AUX
fbem-9132	45	29	numerous	numerous	ADJ
fbem-9132	45	30	and	and	CCONJ
fbem-9132	45	31	ineffective	ineffective	ADJ
fbem-9132	45	32	(	(	PUNCT
fbem-9132	45	33	hou	hou	NOUN
fbem-9132	45	34	et	et	PROPN
fbem-9132	45	35	al	al	PROPN
fbem-9132	45	36	.	.	PROPN
fbem-9132	45	37	,	,	PUNCT
fbem-9132	45	38	2017	2017	NUM
fbem-9132	45	39	)	)	PUNCT
fbem-9132	45	40	.	.	PUNCT
fbem-9132	46	1	moreover	moreover	ADV
fbem-9132	46	2	,	,	PUNCT
fbem-9132	46	3	the	the	DET
fbem-9132	46	4	problem	problem	NOUN
fbem-9132	46	5	of	of	ADP
fbem-9132	46	6	enterprises	enterprise	NOUN
fbem-9132	46	7	entering	enter	VERB
fbem-9132	46	8	the	the	DET
fbem-9132	46	9	recession	recession	NOUN
fbem-9132	46	10	period	period	NOUN
fbem-9132	46	11	compared	compare	VERB
fbem-9132	46	12	with	with	ADP
fbem-9132	46	13	mature	mature	ADJ
fbem-9132	46	14	enterprises	enterprise	NOUN
fbem-9132	46	15	is	be	AUX
fbem-9132	46	16	that	that	SCONJ
fbem-9132	46	17	their	their	PRON
fbem-9132	46	18	administrative	administrative	ADJ
fbem-9132	46	19	departments	department	NOUN
fbem-9132	46	20	,	,	PUNCT
fbem-9132	46	21	such	such	ADJ
fbem-9132	46	22	as	as	ADP
fbem-9132	46	23	finance	finance	NOUN
fbem-9132	46	24	and	and	CCONJ
fbem-9132	46	25	legal	legal	ADJ
fbem-9132	46	26	departments	department	NOUN
fbem-9132	46	27	,	,	PUNCT
fbem-9132	46	28	gradually	gradually	ADV
fbem-9132	46	29	grasp	grasp	VERB
fbem-9132	46	30	the	the	DET
fbem-9132	46	31	right	right	NOUN
fbem-9132	46	32	to	to	PART
fbem-9132	46	33	speak	speak	VERB
fbem-9132	46	34	,	,	PUNCT
fbem-9132	46	35	and	and	CCONJ
fbem-9132	46	36	the	the	DET
fbem-9132	46	37	overall	overall	ADJ
fbem-9132	46	38	performance	performance	NOUN
fbem-9132	46	39	is	be	AUX
fbem-9132	46	40	characterized	characterize	VERB
fbem-9132	46	41	by	by	ADP
fbem-9132	46	42	emphasizing	emphasize	VERB
fbem-9132	46	43	form	form	NOUN
fbem-9132	46	44	and	and	CCONJ
fbem-9132	46	45	light	light	ADJ
fbem-9132	46	46	function	function	NOUN
fbem-9132	46	47	.	.	PUNCT
fbem-9132	47	1	in	in	ADP
fbem-9132	47	2	terms	term	NOUN
fbem-9132	47	3	of	of	ADP
fbem-9132	47	4	innovation	innovation	NOUN
fbem-9132	47	5	ability	ability	NOUN
fbem-9132	47	6	,	,	PUNCT
fbem-9132	47	7	enterprises	enterprise	NOUN
fbem-9132	47	8	in	in	ADP
fbem-9132	47	9	the	the	DET
fbem-9132	47	10	recession	recession	NOUN
fbem-9132	47	11	period	period	NOUN
fbem-9132	47	12	will	will	AUX
fbem-9132	47	13	show	show	VERB
fbem-9132	47	14	"	"	PUNCT
fbem-9132	47	15	excess	excess	ADJ
fbem-9132	47	16	and	and	CCONJ
fbem-9132	47	17	insufficient	insufficient	ADJ
fbem-9132	47	18	strength	strength	NOUN
fbem-9132	47	19	"	"	PUNCT
fbem-9132	47	20	in	in	ADP
fbem-9132	47	21	the	the	DET
fbem-9132	47	22	current	current	ADJ
fbem-9132	47	23	environment	environment	NOUN
fbem-9132	47	24	of	of	ADP
fbem-9132	47	25	rapid	rapid	ADJ
fbem-9132	47	26	technological	technological	ADJ
fbem-9132	47	27	update	update	NOUN
fbem-9132	47	28	and	and	CCONJ
fbem-9132	47	29	fierce	fierce	ADJ
fbem-9132	47	30	competition	competition	NOUN
fbem-9132	47	31	,	,	PUNCT
fbem-9132	47	32	which	which	PRON
fbem-9132	47	33	is	be	AUX
fbem-9132	47	34	mainly	mainly	ADV
fbem-9132	47	35	due	due	ADP
fbem-9132	47	36	to	to	ADP
fbem-9132	47	37	the	the	DET
fbem-9132	47	38	fact	fact	NOUN
fbem-9132	47	39	that	that	SCONJ
fbem-9132	47	40	most	most	ADJ
fbem-9132	47	41	of	of	ADP
fbem-9132	47	42	these	these	DET
fbem-9132	47	43	enterprises	enterprise	NOUN
fbem-9132	47	44	have	have	AUX
fbem-9132	47	45	problems	problem	NOUN
fbem-9132	47	46	such	such	ADJ
fbem-9132	47	47	as	as	ADP
fbem-9132	47	48	aging	age	VERB
fbem-9132	47	49	technology	technology	NOUN
fbem-9132	47	50	,	,	PUNCT
fbem-9132	47	51	outdated	outdated	ADJ
fbem-9132	47	52	equipment	equipment	NOUN
fbem-9132	47	53	,	,	PUNCT
fbem-9132	47	54	and	and	CCONJ
fbem-9132	47	55	brain	brain	NOUN
fbem-9132	47	56	drain	drain	NOUN
fbem-9132	47	57	(	(	PUNCT
fbem-9132	47	58	liu	liu	PROPN
fbem-9132	47	59	shiyuan	shiyuan	PROPN
fbem-9132	47	60	et	et	PROPN
fbem-9132	47	61	al	al	PROPN
fbem-9132	47	62	.	.	PROPN
fbem-9132	47	63	,	,	PUNCT
fbem-9132	47	64	2020	2020	NUM
fbem-9132	47	65	)	)	PUNCT
fbem-9132	47	66	.	.	PUNCT
fbem-9132	48	1	on	on	ADP
fbem-9132	48	2	the	the	DET
fbem-9132	48	3	one	one	NUM
fbem-9132	48	4	hand	hand	NOUN
fbem-9132	48	5	,	,	PUNCT
fbem-9132	48	6	the	the	DET
fbem-9132	48	7	problem	problem	NOUN
fbem-9132	48	8	of	of	ADP
fbem-9132	48	9	corporate	corporate	ADJ
fbem-9132	48	10	agency	agency	NOUN
fbem-9132	48	11	in	in	ADP
fbem-9132	48	12	the	the	DET
fbem-9132	48	13	recession	recession	NOUN
fbem-9132	48	14	period	period	NOUN
fbem-9132	48	15	continues	continue	VERB
fbem-9132	48	16	to	to	PART
fbem-9132	48	17	be	be	AUX
fbem-9132	48	18	in	in	ADP
fbem-9132	48	19	the	the	DET
fbem-9132	48	20	mature	mature	ADJ
fbem-9132	48	21	period	period	NOUN
fbem-9132	48	22	,	,	PUNCT
fbem-9132	48	23	and	and	CCONJ
fbem-9132	48	24	there	there	PRON
fbem-9132	48	25	are	be	VERB
fbem-9132	48	26	more	more	ADV
fbem-9132	48	27	serious	serious	ADJ
fbem-9132	48	28	problems	problem	NOUN
fbem-9132	48	29	such	such	ADJ
fbem-9132	48	30	as	as	ADP
fbem-9132	48	31	the	the	DET
fbem-9132	48	32	rise	rise	NOUN
fbem-9132	48	33	of	of	ADP
fbem-9132	48	34	bureaucracy	bureaucracy	NOUN
fbem-9132	48	35	and	and	CCONJ
fbem-9132	48	36	the	the	DET
fbem-9132	48	37	continuous	continuous	ADJ
fbem-9132	48	38	rigidity	rigidity	NOUN
fbem-9132	48	39	of	of	ADP
fbem-9132	48	40	organizational	organizational	ADJ
fbem-9132	48	41	structure	structure	NOUN
fbem-9132	48	42	.	.	PUNCT
fbem-9132	49	1	when	when	SCONJ
fbem-9132	49	2	enterprises	enterprise	NOUN
fbem-9132	49	3	begin	begin	VERB
fbem-9132	49	4	to	to	PART
fbem-9132	49	5	decline	decline	VERB
fbem-9132	49	6	,	,	PUNCT
fbem-9132	49	7	management	management	NOUN
fbem-9132	49	8	is	be	AUX
fbem-9132	49	9	more	more	ADV
fbem-9132	49	10	likely	likely	ADJ
fbem-9132	49	11	to	to	PART
fbem-9132	49	12	engage	engage	VERB
fbem-9132	49	13	in	in	ADP
fbem-9132	49	14	opportunistic	opportunistic	ADJ
fbem-9132	49	15	behavior	behavior	NOUN
fbem-9132	49	16	when	when	SCONJ
fbem-9132	49	17	engaging	engage	VERB
fbem-9132	49	18	in	in	ADP
fbem-9132	49	19	tax	tax	NOUN
fbem-9132	49	20	avoidance	avoidance	NOUN
fbem-9132	49	21	activities	activity	NOUN
fbem-9132	49	22	,	,	PUNCT
fbem-9132	49	23	the	the	DET
fbem-9132	49	24	degree	degree	NOUN
fbem-9132	49	25	of	of	ADP
fbem-9132	49	26	information	information	NOUN
fbem-9132	49	27	asymmetry	asymmetry	NOUN
fbem-9132	49	28	between	between	ADP
fbem-9132	49	29	the	the	DET
fbem-9132	49	30	two	two	NUM
fbem-9132	49	31	parties	party	NOUN
fbem-9132	49	32	of	of	ADP
fbem-9132	49	33	the	the	DET
fbem-9132	49	34	entrusted	entrust	VERB
fbem-9132	49	35	agent	agent	NOUN
fbem-9132	49	36	may	may	AUX
fbem-9132	49	37	be	be	AUX
fbem-9132	49	38	increased	increase	VERB
fbem-9132	49	39	,	,	PUNCT
fbem-9132	49	40	the	the	DET
fbem-9132	49	41	tax	tax	NOUN
fbem-9132	49	42	avoidance	avoidance	NOUN
fbem-9132	49	43	agency	agency	NOUN
fbem-9132	49	44	concept	concept	NOUN
fbem-9132	49	45	will	will	AUX
fbem-9132	49	46	still	still	ADV
fbem-9132	49	47	play	play	VERB
fbem-9132	49	48	a	a	DET
fbem-9132	49	49	leading	lead	VERB
fbem-9132	49	50	role	role	NOUN
fbem-9132	49	51	,	,	PUNCT
fbem-9132	49	52	and	and	CCONJ
fbem-9132	49	53	innovation	innovation	NOUN
fbem-9132	49	54	performance	performance	NOUN
fbem-9132	49	55	will	will	AUX
fbem-9132	49	56	further	far	ADV
fbem-9132	49	57	deteriorate	deteriorate	VERB
fbem-9132	49	58	.	.	PUNCT
fbem-9132	50	1	on	on	ADP
fbem-9132	50	2	the	the	DET
fbem-9132	50	3	other	other	ADJ
fbem-9132	50	4	hand	hand	NOUN
fbem-9132	50	5	,	,	PUNCT
fbem-9132	50	6	due	due	ADP
fbem-9132	50	7	to	to	ADP
fbem-9132	50	8	the	the	DET
fbem-9132	50	9	decline	decline	NOUN
fbem-9132	50	10	of	of	ADP
fbem-9132	50	11	enterprise	enterprise	NOUN
fbem-9132	50	12	innovation	innovation	NOUN
fbem-9132	50	13	ability	ability	NOUN
fbem-9132	50	14	,	,	PUNCT
fbem-9132	50	15	even	even	ADV
fbem-9132	50	16	if	if	SCONJ
fbem-9132	50	17	enterprises	enterprise	NOUN
fbem-9132	50	18	avoid	avoid	VERB
fbem-9132	50	19	tax	tax	NOUN
fbem-9132	50	20	,	,	PUNCT
fbem-9132	50	21	they	they	PRON
fbem-9132	50	22	will	will	AUX
fbem-9132	50	23	invest	invest	VERB
fbem-9132	50	24	throttling	throttle	VERB
fbem-9132	50	25	funds	fund	NOUN
fbem-9132	50	26	into	into	ADP
fbem-9132	50	27	regular	regular	ADJ
fbem-9132	50	28	production	production	NOUN
fbem-9132	50	29	and	and	CCONJ
fbem-9132	50	30	operation	operation	NOUN
fbem-9132	50	31	activities	activity	NOUN
fbem-9132	50	32	to	to	PART
fbem-9132	50	33	maintain	maintain	VERB
fbem-9132	50	34	the	the	DET
fbem-9132	50	35	survival	survival	NOUN
fbem-9132	50	36	of	of	ADP
fbem-9132	50	37	enterprises	enterprise	NOUN
fbem-9132	50	38	,	,	PUNCT
fbem-9132	50	39	rather	rather	ADV
fbem-9132	50	40	than	than	ADP
fbem-9132	50	41	innovation	innovation	NOUN
fbem-9132	50	42	activities	activity	NOUN
fbem-9132	50	43	,	,	PUNCT
fbem-9132	50	44	and	and	CCONJ
fbem-9132	50	45	the	the	DET
fbem-9132	50	46	negative	negative	ADJ
fbem-9132	50	47	impact	impact	NOUN
fbem-9132	50	48	on	on	ADP
fbem-9132	50	49	enterprise	enterprise	NOUN
fbem-9132	50	50	innovation	innovation	NOUN
fbem-9132	50	51	performance	performance	NOUN
fbem-9132	50	52	in	in	ADP
fbem-9132	50	53	the	the	DET
fbem-9132	50	54	recession	recession	NOUN
fbem-9132	50	55	period	period	NOUN
fbem-9132	50	56	may	may	AUX
fbem-9132	50	57	be	be	AUX
fbem-9132	50	58	less	less	ADJ
fbem-9132	50	59	than	than	ADP
fbem-9132	50	60	in	in	ADP
fbem-9132	50	61	the	the	DET
fbem-9132	50	62	mature	mature	ADJ
fbem-9132	50	63	period	period	NOUN
fbem-9132	50	64	,	,	PUNCT
fbem-9132	50	65	but	but	CCONJ
fbem-9132	50	66	on	on	ADP
fbem-9132	50	67	the	the	DET
fbem-9132	50	68	whole	whole	ADJ
fbem-9132	50	69	,	,	PUNCT
fbem-9132	50	70	corporate	corporate	ADJ
fbem-9132	50	71	tax	tax	NOUN
fbem-9132	50	72	avoidance	avoidance	NOUN
fbem-9132	50	73	at	at	ADP
fbem-9132	50	74	this	this	DET
fbem-9132	50	75	time	time	NOUN
fbem-9132	50	76	is	be	AUX
fbem-9132	50	77	still	still	ADV
fbem-9132	50	78	not	not	PART
fbem-9132	50	79	conducive	conducive	ADJ
fbem-9132	50	80	to	to	ADP
fbem-9132	50	81	the	the	DET
fbem-9132	50	82	output	output	NOUN
fbem-9132	50	83	of	of	ADP
fbem-9132	50	84	innovation	innovation	NOUN
fbem-9132	50	85	performance	performance	NOUN
fbem-9132	50	86	.	.	PUNCT
fbem-9132	51	1	3	3	X
fbem-9132	51	2	.	.	X
fbem-9132	51	3	tax	tax	NOUN
fbem-9132	51	4	avoidance	avoidance	NOUN
fbem-9132	51	5	advice	advice	NOUN
fbem-9132	51	6	for	for	SCONJ
fbem-9132	51	7	enterprises	enterprise	NOUN
fbem-9132	51	8	to	to	PART
fbem-9132	51	9	improve	improve	VERB
fbem-9132	51	10	innovation	innovation	NOUN
fbem-9132	51	11	performance	performance	NOUN
fbem-9132	51	12	innovation	innovation	NOUN
fbem-9132	51	13	is	be	AUX
fbem-9132	51	14	the	the	DET
fbem-9132	51	15	source	source	NOUN
fbem-9132	51	16	of	of	ADP
fbem-9132	51	17	continuous	continuous	ADJ
fbem-9132	51	18	improvement	improvement	NOUN
fbem-9132	51	19	for	for	ADP
fbem-9132	51	20	enterprises	enterprise	NOUN
fbem-9132	51	21	.	.	PUNCT
fbem-9132	52	1	the	the	DET
fbem-9132	52	2	state	state	NOUN
fbem-9132	52	3	vigorously	vigorously	ADV
fbem-9132	52	4	advocates	advocate	VERB
fbem-9132	52	5	and	and	CCONJ
fbem-9132	52	6	deepens	deepen	VERB
fbem-9132	52	7	reform	reform	NOUN
fbem-9132	52	8	,	,	PUNCT
fbem-9132	52	9	fully	fully	ADV
fbem-9132	52	10	opens	open	VERB
fbem-9132	52	11	up	up	ADP
fbem-9132	52	12	to	to	ADP
fbem-9132	52	13	the	the	DET
fbem-9132	52	14	outside	outside	ADJ
fbem-9132	52	15	world	world	NOUN
fbem-9132	52	16	,	,	PUNCT
fbem-9132	52	17	and	and	CCONJ
fbem-9132	52	18	enterprises	enterprise	NOUN
fbem-9132	52	19	should	should	AUX
fbem-9132	52	20	seize	seize	VERB
fbem-9132	52	21	the	the	DET
fbem-9132	52	22	opportunity	opportunity	NOUN
fbem-9132	52	23	to	to	PART
fbem-9132	52	24	continue	continue	VERB
fbem-9132	52	25	to	to	PART
fbem-9132	52	26	maintain	maintain	VERB
fbem-9132	52	27	the	the	DET
fbem-9132	52	28	pace	pace	NOUN
fbem-9132	52	29	of	of	ADP
fbem-9132	52	30	independent	independent	ADJ
fbem-9132	52	31	research	research	NOUN
fbem-9132	52	32	and	and	CCONJ
fbem-9132	52	33	development	development	NOUN
fbem-9132	52	34	and	and	CCONJ
fbem-9132	52	35	innovation	innovation	NOUN
fbem-9132	52	36	.	.	PUNCT
fbem-9132	53	1	this	this	DET
fbem-9132	53	2	article	article	NOUN
fbem-9132	53	3	makes	make	VERB
fbem-9132	53	4	suggestions	suggestion	NOUN
fbem-9132	53	5	from	from	ADP
fbem-9132	53	6	three	three	NUM
fbem-9132	53	7	aspects	aspect	NOUN
fbem-9132	53	8	:	:	PUNCT
fbem-9132	53	9	government	government	NOUN
fbem-9132	53	10	,	,	PUNCT
fbem-9132	53	11	enterprises	enterprise	NOUN
fbem-9132	53	12	and	and	CCONJ
fbem-9132	53	13	investors.section	investors.section	NOUN
fbem-9132	53	14	.	.	PUNCT
fbem-9132	54	1	3.1	3.1	NUM
fbem-9132	54	2	.	.	PUNCT
fbem-9132	55	1	the	the	DET
fbem-9132	55	2	government	government	NOUN
fbem-9132	55	3	shall	shall	AUX
fbem-9132	55	4	formulate	formulate	VERB
fbem-9132	55	5	tax	tax	NOUN
fbem-9132	55	6	policies	policy	NOUN
fbem-9132	55	7	in	in	ADP
fbem-9132	55	8	a	a	DET
fbem-9132	55	9	measured	measured	ADJ
fbem-9132	55	10	manner	manner	NOUN
fbem-9132	55	11	first	first	ADV
fbem-9132	55	12	of	of	ADP
fbem-9132	55	13	all	all	PRON
fbem-9132	55	14	,	,	PUNCT
fbem-9132	55	15	lack	lack	NOUN
fbem-9132	55	16	of	of	ADP
fbem-9132	55	17	funds	fund	NOUN
fbem-9132	55	18	has	have	AUX
fbem-9132	55	19	always	always	ADV
fbem-9132	55	20	been	be	AUX
fbem-9132	55	21	a	a	DET
fbem-9132	55	22	major	major	ADJ
fbem-9132	55	23	problem	problem	NOUN
fbem-9132	55	24	that	that	PRON
fbem-9132	55	25	hinders	hinder	VERB
fbem-9132	55	26	the	the	DET
fbem-9132	55	27	continuous	continuous	ADJ
fbem-9132	55	28	r&d	r&d	NOUN
fbem-9132	55	29	and	and	CCONJ
fbem-9132	55	30	innovation	innovation	NOUN
fbem-9132	55	31	of	of	ADP
fbem-9132	55	32	enterprises	enterprise	NOUN
fbem-9132	55	33	.	.	PUNCT
fbem-9132	56	1	according	accord	VERB
fbem-9132	56	2	to	to	ADP
fbem-9132	56	3	the	the	DET
fbem-9132	56	4	theory	theory	NOUN
fbem-9132	56	5	of	of	ADP
fbem-9132	56	6	priority	priority	NOUN
fbem-9132	56	7	financing	financing	NOUN
fbem-9132	56	8	,	,	PUNCT
fbem-9132	56	9	enterprises	enterprise	NOUN
fbem-9132	56	10	choose	choose	VERB
fbem-9132	56	11	tax	tax	NOUN
fbem-9132	56	12	avoidance	avoidance	NOUN
fbem-9132	56	13	to	to	PART
fbem-9132	56	14	save	save	VERB
fbem-9132	56	15	funds	fund	NOUN
fbem-9132	56	16	and	and	CCONJ
fbem-9132	56	17	ease	ease	VERB
fbem-9132	56	18	financing	financing	NOUN
fbem-9132	56	19	pressure	pressure	NOUN
fbem-9132	56	20	.	.	PUNCT
fbem-9132	57	1	therefore	therefore	ADV
fbem-9132	57	2	,	,	PUNCT
fbem-9132	57	3	the	the	DET
fbem-9132	57	4	government	government	NOUN
fbem-9132	57	5	should	should	AUX
fbem-9132	57	6	first	first	ADV
fbem-9132	57	7	make	make	VERB
fbem-9132	57	8	corresponding	corresponding	ADJ
fbem-9132	57	9	improvements	improvement	NOUN
fbem-9132	57	10	to	to	ADP
fbem-9132	57	11	the	the	DET
fbem-9132	57	12	financing	financing	NOUN
fbem-9132	57	13	difficulties	difficulty	NOUN
fbem-9132	57	14	of	of	ADP
fbem-9132	57	15	enterprises	enterprise	NOUN
fbem-9132	57	16	.	.	PUNCT
fbem-9132	58	1	my	my	PRON
fbem-9132	58	2	country	country	NOUN
fbem-9132	58	3	's	's	PART
fbem-9132	58	4	capital	capital	NOUN
fbem-9132	58	5	market	market	NOUN
fbem-9132	58	6	started	start	VERB
fbem-9132	58	7	late	late	ADV
fbem-9132	58	8	,	,	PUNCT
fbem-9132	58	9	and	and	CCONJ
fbem-9132	58	10	there	there	PRON
fbem-9132	58	11	is	be	VERB
fbem-9132	58	12	still	still	ADV
fbem-9132	58	13	a	a	DET
fbem-9132	58	14	long	long	ADJ
fbem-9132	58	15	way	way	NOUN
fbem-9132	58	16	to	to	PART
fbem-9132	58	17	go	go	VERB
fbem-9132	58	18	to	to	PART
fbem-9132	58	19	improve	improve	VERB
fbem-9132	58	20	my	my	PRON
fbem-9132	58	21	country	country	NOUN
fbem-9132	58	22	's	's	PART
fbem-9132	58	23	capital	capital	NOUN
fbem-9132	58	24	market	market	NOUN
fbem-9132	58	25	.	.	PUNCT
fbem-9132	59	1	the	the	DET
fbem-9132	59	2	government	government	NOUN
fbem-9132	59	3	can	can	AUX
fbem-9132	59	4	strengthen	strengthen	VERB
fbem-9132	59	5	the	the	DET
fbem-9132	59	6	construction	construction	NOUN
fbem-9132	59	7	of	of	ADP
fbem-9132	59	8	the	the	DET
fbem-9132	59	9	capital	capital	NOUN
fbem-9132	59	10	market	market	NOUN
fbem-9132	59	11	,	,	PUNCT
fbem-9132	59	12	lower	lower	VERB
fbem-9132	59	13	the	the	DET
fbem-9132	59	14	barriers	barrier	NOUN
fbem-9132	59	15	for	for	ADP
fbem-9132	59	16	enterprises	enterprise	NOUN
fbem-9132	59	17	to	to	PART
fbem-9132	59	18	enter	enter	VERB
fbem-9132	59	19	the	the	DET
fbem-9132	59	20	capital	capital	NOUN
fbem-9132	59	21	market	market	NOUN
fbem-9132	59	22	,	,	PUNCT
fbem-9132	59	23	improve	improve	VERB
fbem-9132	59	24	the	the	DET
fbem-9132	59	25	disclosure	disclosure	NOUN
fbem-9132	59	26	of	of	ADP
fbem-9132	59	27	information	information	NOUN
fbem-9132	59	28	by	by	ADP
fbem-9132	59	29	enterprises	enterprise	NOUN
fbem-9132	59	30	,	,	PUNCT
fbem-9132	59	31	and	and	CCONJ
fbem-9132	59	32	use	use	VERB
fbem-9132	59	33	the	the	DET
fbem-9132	59	34	capital	capital	NOUN
fbem-9132	59	35	market	market	NOUN
fbem-9132	59	36	to	to	ADP
fbem-9132	59	37	89	89	NUM
fbem-9132	59	38	provide	provide	VERB
fbem-9132	59	39	enterprises	enterprise	NOUN
fbem-9132	59	40	with	with	ADP
fbem-9132	59	41	research	research	NOUN
fbem-9132	59	42	and	and	CCONJ
fbem-9132	59	43	development	development	NOUN
fbem-9132	59	44	funds	fund	NOUN
fbem-9132	59	45	.	.	PUNCT
fbem-9132	60	1	,	,	PUNCT
fbem-9132	60	2	to	to	PART
fbem-9132	60	3	alleviate	alleviate	VERB
fbem-9132	60	4	the	the	DET
fbem-9132	60	5	shortage	shortage	NOUN
fbem-9132	60	6	of	of	ADP
fbem-9132	60	7	funds	fund	NOUN
fbem-9132	60	8	faced	face	VERB
fbem-9132	60	9	by	by	ADP
fbem-9132	60	10	enterprises	enterprise	NOUN
fbem-9132	60	11	when	when	SCONJ
fbem-9132	60	12	conducting	conduct	VERB
fbem-9132	60	13	research	research	NOUN
fbem-9132	60	14	and	and	CCONJ
fbem-9132	60	15	development	development	NOUN
fbem-9132	60	16	activities	activity	NOUN
fbem-9132	60	17	,	,	PUNCT
fbem-9132	60	18	and	and	CCONJ
fbem-9132	60	19	to	to	PART
fbem-9132	60	20	minimize	minimize	VERB
fbem-9132	60	21	the	the	DET
fbem-9132	60	22	negative	negative	ADJ
fbem-9132	60	23	impact	impact	NOUN
fbem-9132	60	24	of	of	ADP
fbem-9132	60	25	corporate	corporate	ADJ
fbem-9132	60	26	tax	tax	NOUN
fbem-9132	60	27	avoidance	avoidance	NOUN
fbem-9132	60	28	.	.	PUNCT
fbem-9132	61	1	second	second	ADJ
fbem-9132	61	2	,	,	PUNCT
fbem-9132	61	3	since	since	SCONJ
fbem-9132	61	4	the	the	DET
fbem-9132	61	5	tax	tax	NOUN
fbem-9132	61	6	avoidance	avoidance	NOUN
fbem-9132	61	7	behavior	behavior	NOUN
fbem-9132	61	8	of	of	ADP
fbem-9132	61	9	enterprises	enterprise	NOUN
fbem-9132	61	10	in	in	ADP
fbem-9132	61	11	different	different	ADJ
fbem-9132	61	12	life	life	NOUN
fbem-9132	61	13	cycles	cycle	NOUN
fbem-9132	61	14	has	have	VERB
fbem-9132	61	15	different	different	ADJ
fbem-9132	61	16	impacts	impact	NOUN
fbem-9132	61	17	on	on	ADP
fbem-9132	61	18	innovation	innovation	NOUN
fbem-9132	61	19	performance	performance	NOUN
fbem-9132	61	20	,	,	PUNCT
fbem-9132	61	21	the	the	DET
fbem-9132	61	22	government	government	NOUN
fbem-9132	61	23	should	should	AUX
fbem-9132	61	24	timely	timely	ADV
fbem-9132	61	25	evaluate	evaluate	VERB
fbem-9132	61	26	enterprises	enterprise	NOUN
fbem-9132	61	27	in	in	ADP
fbem-9132	61	28	different	different	ADJ
fbem-9132	61	29	life	life	NOUN
fbem-9132	61	30	cycles	cycle	NOUN
fbem-9132	61	31	,	,	PUNCT
fbem-9132	61	32	formulate	formulate	ADJ
fbem-9132	61	33	tax	tax	NOUN
fbem-9132	61	34	supervision	supervision	NOUN
fbem-9132	61	35	policies	policy	NOUN
fbem-9132	61	36	in	in	ADP
fbem-9132	61	37	a	a	DET
fbem-9132	61	38	targeted	target	VERB
fbem-9132	61	39	manner	manner	NOUN
fbem-9132	61	40	,	,	PUNCT
fbem-9132	61	41	provide	provide	VERB
fbem-9132	61	42	r&d	r&d	NOUN
fbem-9132	61	43	subsidies	subsidy	NOUN
fbem-9132	61	44	and	and	CCONJ
fbem-9132	61	45	incentives	incentive	NOUN
fbem-9132	61	46	to	to	ADP
fbem-9132	61	47	eligible	eligible	ADJ
fbem-9132	61	48	enterprises	enterprise	NOUN
fbem-9132	61	49	,	,	PUNCT
fbem-9132	61	50	and	and	CCONJ
fbem-9132	61	51	provide	provide	VERB
fbem-9132	61	52	r&d	r&d	NOUN
fbem-9132	61	53	and	and	CCONJ
fbem-9132	61	54	innovation	innovation	NOUN
fbem-9132	61	55	support	support	NOUN
fbem-9132	61	56	to	to	ADP
fbem-9132	61	57	enterprises	enterprise	NOUN
fbem-9132	61	58	from	from	ADP
fbem-9132	61	59	the	the	DET
fbem-9132	61	60	tax	tax	NOUN
fbem-9132	61	61	perspective	perspective	NOUN
fbem-9132	61	62	.	.	PUNCT
fbem-9132	62	1	in	in	ADP
fbem-9132	62	2	addition	addition	NOUN
fbem-9132	62	3	,	,	PUNCT
fbem-9132	62	4	from	from	ADP
fbem-9132	62	5	the	the	DET
fbem-9132	62	6	previous	previous	ADJ
fbem-9132	62	7	analysis	analysis	NOUN
fbem-9132	62	8	,	,	PUNCT
fbem-9132	62	9	it	it	PRON
fbem-9132	62	10	can	can	AUX
fbem-9132	62	11	be	be	AUX
fbem-9132	62	12	seen	see	VERB
fbem-9132	62	13	that	that	SCONJ
fbem-9132	62	14	enterprises	enterprise	NOUN
fbem-9132	62	15	in	in	ADP
fbem-9132	62	16	the	the	DET
fbem-9132	62	17	growth	growth	NOUN
fbem-9132	62	18	stage	stage	NOUN
fbem-9132	62	19	are	be	AUX
fbem-9132	62	20	more	more	ADV
fbem-9132	62	21	inclined	inclined	ADJ
fbem-9132	62	22	to	to	PART
fbem-9132	62	23	use	use	VERB
fbem-9132	62	24	tax	tax	NOUN
fbem-9132	62	25	policies	policy	NOUN
fbem-9132	62	26	to	to	PART
fbem-9132	62	27	avoid	avoid	VERB
fbem-9132	62	28	taxes	taxis	NOUN
fbem-9132	62	29	and	and	CCONJ
fbem-9132	62	30	save	save	VERB
fbem-9132	62	31	cash	cash	NOUN
fbem-9132	62	32	flow	flow	NOUN
fbem-9132	62	33	.	.	PUNCT
fbem-9132	63	1	from	from	ADP
fbem-9132	63	2	the	the	DET
fbem-9132	63	3	perspective	perspective	NOUN
fbem-9132	63	4	of	of	ADP
fbem-9132	63	5	long	long	ADJ
fbem-9132	63	6	-	-	PUNCT
fbem-9132	63	7	term	term	NOUN
fbem-9132	63	8	development	development	NOUN
fbem-9132	63	9	of	of	ADP
fbem-9132	63	10	enterprises	enterprise	NOUN
fbem-9132	63	11	,	,	PUNCT
fbem-9132	63	12	corporate	corporate	ADJ
fbem-9132	63	13	tax	tax	NOUN
fbem-9132	63	14	avoidance	avoidance	NOUN
fbem-9132	63	15	may	may	AUX
fbem-9132	63	16	bring	bring	VERB
fbem-9132	63	17	some	some	DET
fbem-9132	63	18	negative	negative	ADJ
fbem-9132	63	19	effects	effect	NOUN
fbem-9132	63	20	to	to	ADP
fbem-9132	63	21	enterprises	enterprise	NOUN
fbem-9132	63	22	.	.	PUNCT
fbem-9132	64	1	finally	finally	ADV
fbem-9132	64	2	,	,	PUNCT
fbem-9132	64	3	reasonable	reasonable	ADJ
fbem-9132	64	4	tax	tax	NOUN
fbem-9132	64	5	avoidance	avoidance	NOUN
fbem-9132	64	6	in	in	ADP
fbem-9132	64	7	the	the	DET
fbem-9132	64	8	growth	growth	NOUN
fbem-9132	64	9	period	period	NOUN
fbem-9132	64	10	can	can	AUX
fbem-9132	64	11	help	help	VERB
fbem-9132	64	12	enterprises	enterprise	NOUN
fbem-9132	64	13	optimize	optimize	VERB
fbem-9132	64	14	capital	capital	NOUN
fbem-9132	64	15	allocation	allocation	NOUN
fbem-9132	64	16	and	and	CCONJ
fbem-9132	64	17	improve	improve	VERB
fbem-9132	64	18	the	the	DET
fbem-9132	64	19	efficiency	efficiency	NOUN
fbem-9132	64	20	of	of	ADP
fbem-9132	64	21	enterprise	enterprise	NOUN
fbem-9132	64	22	innovation	innovation	NOUN
fbem-9132	64	23	,	,	PUNCT
fbem-9132	64	24	and	and	CCONJ
fbem-9132	64	25	tax	tax	NOUN
fbem-9132	64	26	collection	collection	NOUN
fbem-9132	64	27	and	and	CCONJ
fbem-9132	64	28	management	management	NOUN
fbem-9132	64	29	are	be	AUX
fbem-9132	64	30	also	also	ADV
fbem-9132	64	31	strongly	strongly	ADV
fbem-9132	64	32	encouraged	encourage	VERB
fbem-9132	64	33	for	for	SCONJ
fbem-9132	64	34	enterprises	enterprise	NOUN
fbem-9132	64	35	to	to	PART
fbem-9132	64	36	avoid	avoid	VERB
fbem-9132	64	37	taxes	taxis	NOUN
fbem-9132	64	38	reasonably	reasonably	ADV
fbem-9132	64	39	.	.	PUNCT
fbem-9132	65	1	therefore	therefore	ADV
fbem-9132	65	2	,	,	PUNCT
fbem-9132	65	3	the	the	DET
fbem-9132	65	4	government	government	NOUN
fbem-9132	65	5	's	's	PART
fbem-9132	65	6	tax	tax	NOUN
fbem-9132	65	7	collection	collection	NOUN
fbem-9132	65	8	and	and	CCONJ
fbem-9132	65	9	management	management	NOUN
fbem-9132	65	10	departments	department	NOUN
fbem-9132	65	11	should	should	AUX
fbem-9132	65	12	improve	improve	VERB
fbem-9132	65	13	their	their	PRON
fbem-9132	65	14	own	own	ADJ
fbem-9132	65	15	business	business	NOUN
fbem-9132	65	16	level	level	NOUN
fbem-9132	65	17	and	and	CCONJ
fbem-9132	65	18	audit	audit	NOUN
fbem-9132	65	19	efficiency	efficiency	NOUN
fbem-9132	65	20	,	,	PUNCT
fbem-9132	65	21	distinguish	distinguish	VERB
fbem-9132	65	22	between	between	ADP
fbem-9132	65	23	reasonable	reasonable	ADJ
fbem-9132	65	24	tax	tax	NOUN
fbem-9132	65	25	avoidance	avoidance	NOUN
fbem-9132	65	26	and	and	CCONJ
fbem-9132	65	27	improper	improper	ADJ
fbem-9132	65	28	tax	tax	NOUN
fbem-9132	65	29	avoidance	avoidance	NOUN
fbem-9132	65	30	,	,	PUNCT
fbem-9132	65	31	reward	reward	VERB
fbem-9132	65	32	enterprises	enterprise	NOUN
fbem-9132	65	33	that	that	PRON
fbem-9132	65	34	reasonably	reasonably	ADV
fbem-9132	65	35	avoid	avoid	VERB
fbem-9132	65	36	taxes	taxis	NOUN
fbem-9132	65	37	,	,	PUNCT
fbem-9132	65	38	and	and	CCONJ
fbem-9132	65	39	severely	severely	ADV
fbem-9132	65	40	punish	punish	VERB
fbem-9132	65	41	enterprises	enterprise	NOUN
fbem-9132	65	42	that	that	PRON
fbem-9132	65	43	do	do	AUX
fbem-9132	65	44	not	not	PART
fbem-9132	65	45	improperly	improperly	ADV
fbem-9132	65	46	avoid	avoid	VERB
fbem-9132	65	47	taxes	taxis	NOUN
fbem-9132	65	48	.	.	PUNCT
fbem-9132	66	1	tax	tax	NOUN
fbem-9132	66	2	collection	collection	NOUN
fbem-9132	66	3	and	and	CCONJ
fbem-9132	66	4	administration	administration	NOUN
fbem-9132	66	5	departments	department	NOUN
fbem-9132	66	6	play	play	VERB
fbem-9132	66	7	an	an	DET
fbem-9132	66	8	active	active	ADJ
fbem-9132	66	9	role	role	NOUN
fbem-9132	66	10	in	in	ADP
fbem-9132	66	11	external	external	ADJ
fbem-9132	66	12	governance	governance	NOUN
fbem-9132	66	13	to	to	PART
fbem-9132	66	14	reduce	reduce	VERB
fbem-9132	66	15	the	the	DET
fbem-9132	66	16	occurrence	occurrence	NOUN
fbem-9132	66	17	of	of	ADP
fbem-9132	66	18	improper	improper	ADJ
fbem-9132	66	19	tax	tax	NOUN
fbem-9132	66	20	avoidance	avoidance	NOUN
fbem-9132	66	21	.	.	PUNCT
fbem-9132	67	1	in	in	ADP
fbem-9132	67	2	addition	addition	NOUN
fbem-9132	67	3	,	,	PUNCT
fbem-9132	67	4	the	the	DET
fbem-9132	67	5	government	government	NOUN
fbem-9132	67	6	should	should	AUX
fbem-9132	67	7	set	set	VERB
fbem-9132	67	8	up	up	ADP
fbem-9132	67	9	an	an	DET
fbem-9132	67	10	excellent	excellent	ADJ
fbem-9132	67	11	regulatory	regulatory	ADJ
fbem-9132	67	12	team	team	NOUN
fbem-9132	67	13	,	,	PUNCT
fbem-9132	67	14	use	use	VERB
fbem-9132	67	15	the	the	DET
fbem-9132	67	16	rapid	rapid	ADJ
fbem-9132	67	17	development	development	NOUN
fbem-9132	67	18	of	of	ADP
fbem-9132	67	19	the	the	DET
fbem-9132	67	20	internet	internet	NOUN
fbem-9132	67	21	and	and	CCONJ
fbem-9132	67	22	big	big	ADJ
fbem-9132	67	23	data	datum	NOUN
fbem-9132	67	24	technology	technology	NOUN
fbem-9132	67	25	,	,	PUNCT
fbem-9132	67	26	improve	improve	VERB
fbem-9132	67	27	the	the	DET
fbem-9132	67	28	degree	degree	NOUN
fbem-9132	67	29	of	of	ADP
fbem-9132	67	30	information	information	NOUN
fbem-9132	67	31	disclosure	disclosure	NOUN
fbem-9132	67	32	,	,	PUNCT
fbem-9132	67	33	and	and	CCONJ
fbem-9132	67	34	improve	improve	VERB
fbem-9132	67	35	the	the	DET
fbem-9132	67	36	level	level	NOUN
fbem-9132	67	37	of	of	ADP
fbem-9132	67	38	supervision	supervision	NOUN
fbem-9132	67	39	.	.	PUNCT
fbem-9132	68	1	3.2	3.2	NUM
fbem-9132	68	2	.	.	PUNCT
fbem-9132	69	1	enterprises	enterprise	NOUN
fbem-9132	69	2	choose	choose	VERB
fbem-9132	69	3	appropriate	appropriate	ADJ
fbem-9132	69	4	tax	tax	NOUN
fbem-9132	69	5	avoidance	avoidance	NOUN
fbem-9132	69	6	strategies	strategy	NOUN
fbem-9132	69	7	in	in	ADP
fbem-9132	69	8	different	different	ADJ
fbem-9132	69	9	life	life	NOUN
fbem-9132	69	10	cycles	cycle	NOUN
fbem-9132	69	11	first	first	ADV
fbem-9132	69	12	of	of	ADP
fbem-9132	69	13	all	all	PRON
fbem-9132	69	14	,	,	PUNCT
fbem-9132	69	15	enterprises	enterprise	NOUN
fbem-9132	69	16	should	should	AUX
fbem-9132	69	17	consider	consider	VERB
fbem-9132	69	18	their	their	PRON
fbem-9132	69	19	own	own	ADJ
fbem-9132	69	20	life	life	NOUN
fbem-9132	69	21	cycle	cycle	NOUN
fbem-9132	69	22	when	when	SCONJ
fbem-9132	69	23	making	make	VERB
fbem-9132	69	24	decisions	decision	NOUN
fbem-9132	69	25	,	,	PUNCT
fbem-9132	69	26	correctly	correctly	ADV
fbem-9132	69	27	understand	understand	VERB
fbem-9132	69	28	the	the	DET
fbem-9132	69	29	duality	duality	NOUN
fbem-9132	69	30	of	of	ADP
fbem-9132	69	31	corporate	corporate	ADJ
fbem-9132	69	32	tax	tax	NOUN
fbem-9132	69	33	avoidance	avoidance	NOUN
fbem-9132	69	34	,	,	PUNCT
fbem-9132	69	35	and	and	CCONJ
fbem-9132	69	36	choose	choose	VERB
fbem-9132	69	37	appropriate	appropriate	ADJ
fbem-9132	69	38	tax	tax	NOUN
fbem-9132	69	39	avoidance	avoidance	NOUN
fbem-9132	69	40	strategies	strategy	NOUN
fbem-9132	69	41	in	in	ADP
fbem-9132	69	42	different	different	ADJ
fbem-9132	69	43	life	life	NOUN
fbem-9132	69	44	cycles	cycle	NOUN
fbem-9132	69	45	.	.	PUNCT
fbem-9132	70	1	from	from	ADP
fbem-9132	70	2	the	the	DET
fbem-9132	70	3	previous	previous	ADJ
fbem-9132	70	4	research	research	NOUN
fbem-9132	70	5	conclusions	conclusion	NOUN
fbem-9132	70	6	,	,	PUNCT
fbem-9132	70	7	it	it	PRON
fbem-9132	70	8	can	can	AUX
fbem-9132	70	9	be	be	AUX
fbem-9132	70	10	seen	see	VERB
fbem-9132	70	11	that	that	SCONJ
fbem-9132	70	12	only	only	ADV
fbem-9132	70	13	when	when	SCONJ
fbem-9132	70	14	enterprises	enterprise	NOUN
fbem-9132	70	15	are	be	AUX
fbem-9132	70	16	in	in	ADP
fbem-9132	70	17	the	the	DET
fbem-9132	70	18	growth	growth	NOUN
fbem-9132	70	19	stage	stage	NOUN
fbem-9132	70	20	,	,	PUNCT
fbem-9132	70	21	tax	tax	NOUN
fbem-9132	70	22	avoidance	avoidance	NOUN
fbem-9132	70	23	can	can	AUX
fbem-9132	70	24	promote	promote	VERB
fbem-9132	70	25	the	the	DET
fbem-9132	70	26	improvement	improvement	NOUN
fbem-9132	70	27	of	of	ADP
fbem-9132	70	28	innovation	innovation	NOUN
fbem-9132	70	29	performance	performance	NOUN
fbem-9132	70	30	,	,	PUNCT
fbem-9132	70	31	and	and	CCONJ
fbem-9132	70	32	in	in	ADP
fbem-9132	70	33	the	the	DET
fbem-9132	70	34	mature	mature	ADJ
fbem-9132	70	35	period	period	NOUN
fbem-9132	70	36	and	and	CCONJ
fbem-9132	70	37	recession	recession	NOUN
fbem-9132	70	38	period	period	NOUN
fbem-9132	70	39	,	,	PUNCT
fbem-9132	70	40	tax	tax	NOUN
fbem-9132	70	41	avoidance	avoidance	NOUN
fbem-9132	70	42	is	be	AUX
fbem-9132	70	43	not	not	PART
fbem-9132	70	44	conducive	conducive	ADJ
fbem-9132	70	45	to	to	ADP
fbem-9132	70	46	innovation	innovation	NOUN
fbem-9132	70	47	.	.	PUNCT
fbem-9132	71	1	based	base	VERB
fbem-9132	71	2	on	on	ADP
fbem-9132	71	3	this	this	PRON
fbem-9132	71	4	,	,	PUNCT
fbem-9132	71	5	when	when	SCONJ
fbem-9132	71	6	an	an	DET
fbem-9132	71	7	enterprise	enterprise	NOUN
fbem-9132	71	8	is	be	AUX
fbem-9132	71	9	in	in	ADP
fbem-9132	71	10	the	the	DET
fbem-9132	71	11	growth	growth	NOUN
fbem-9132	71	12	stage	stage	NOUN
fbem-9132	71	13	,	,	PUNCT
fbem-9132	71	14	the	the	DET
fbem-9132	71	15	enterprise	enterprise	NOUN
fbem-9132	71	16	should	should	AUX
fbem-9132	71	17	reasonably	reasonably	ADV
fbem-9132	71	18	avoid	avoid	VERB
fbem-9132	71	19	taxes	taxis	NOUN
fbem-9132	71	20	on	on	ADP
fbem-9132	71	21	the	the	DET
fbem-9132	71	22	basis	basis	NOUN
fbem-9132	71	23	of	of	ADP
fbem-9132	71	24	abiding	abide	VERB
fbem-9132	71	25	by	by	ADP
fbem-9132	71	26	the	the	DET
fbem-9132	71	27	law	law	NOUN
fbem-9132	71	28	in	in	ADP
fbem-9132	71	29	accordance	accordance	NOUN
fbem-9132	71	30	with	with	ADP
fbem-9132	71	31	its	its	PRON
fbem-9132	71	32	own	own	ADJ
fbem-9132	71	33	reality	reality	NOUN
fbem-9132	71	34	,	,	PUNCT
fbem-9132	71	35	assume	assume	VERB
fbem-9132	71	36	corresponding	correspond	VERB
fbem-9132	71	37	social	social	ADJ
fbem-9132	71	38	responsibilities	responsibility	NOUN
fbem-9132	71	39	,	,	PUNCT
fbem-9132	71	40	and	and	CCONJ
fbem-9132	71	41	actively	actively	ADV
fbem-9132	71	42	cooperate	cooperate	VERB
fbem-9132	71	43	with	with	ADP
fbem-9132	71	44	the	the	DET
fbem-9132	71	45	government	government	NOUN
fbem-9132	71	46	's	's	PART
fbem-9132	71	47	tax	tax	NOUN
fbem-9132	71	48	collection	collection	NOUN
fbem-9132	71	49	and	and	CCONJ
fbem-9132	71	50	management	management	NOUN
fbem-9132	71	51	;	;	PUNCT
fbem-9132	71	52	at	at	ADP
fbem-9132	71	53	the	the	DET
fbem-9132	71	54	same	same	ADJ
fbem-9132	71	55	time	time	NOUN
fbem-9132	71	56	,	,	PUNCT
fbem-9132	71	57	enterprise	enterprise	NOUN
fbem-9132	71	58	tax	tax	NOUN
fbem-9132	71	59	avoidance	avoidance	NOUN
fbem-9132	71	60	in	in	ADP
fbem-9132	71	61	the	the	DET
fbem-9132	71	62	mature	mature	ADJ
fbem-9132	71	63	and	and	CCONJ
fbem-9132	71	64	recession	recession	NOUN
fbem-9132	71	65	period	period	NOUN
fbem-9132	71	66	should	should	AUX
fbem-9132	71	67	not	not	PART
fbem-9132	71	68	only	only	ADV
fbem-9132	71	69	consider	consider	VERB
fbem-9132	71	70	its	its	PRON
fbem-9132	71	71	income	income	NOUN
fbem-9132	71	72	,	,	PUNCT
fbem-9132	71	73	but	but	CCONJ
fbem-9132	71	74	also	also	ADV
fbem-9132	71	75	consider	consider	VERB
fbem-9132	71	76	the	the	DET
fbem-9132	71	77	negative	negative	ADJ
fbem-9132	71	78	impact	impact	NOUN
fbem-9132	71	79	brought	bring	VERB
fbem-9132	71	80	about	about	ADP
fbem-9132	71	81	,	,	PUNCT
fbem-9132	71	82	at	at	ADP
fbem-9132	71	83	this	this	DET
fbem-9132	71	84	time	time	NOUN
fbem-9132	71	85	enterprise	enterprise	NOUN
fbem-9132	71	86	tax	tax	NOUN
fbem-9132	71	87	avoidance	avoidance	NOUN
fbem-9132	71	88	will	will	AUX
fbem-9132	71	89	likely	likely	ADV
fbem-9132	71	90	increase	increase	VERB
fbem-9132	71	91	the	the	DET
fbem-9132	71	92	cost	cost	NOUN
fbem-9132	71	93	of	of	ADP
fbem-9132	71	94	corporate	corporate	ADJ
fbem-9132	71	95	agency	agency	NOUN
fbem-9132	71	96	,	,	PUNCT
fbem-9132	71	97	which	which	PRON
fbem-9132	71	98	is	be	AUX
fbem-9132	71	99	not	not	PART
fbem-9132	71	100	conducive	conducive	ADJ
fbem-9132	71	101	to	to	ADP
fbem-9132	71	102	the	the	DET
fbem-9132	71	103	output	output	NOUN
fbem-9132	71	104	of	of	ADP
fbem-9132	71	105	enterprise	enterprise	NOUN
fbem-9132	71	106	innovation	innovation	NOUN
fbem-9132	71	107	results	result	NOUN
fbem-9132	71	108	,	,	PUNCT
fbem-9132	71	109	so	so	SCONJ
fbem-9132	71	110	enterprises	enterprise	NOUN
fbem-9132	71	111	should	should	AUX
fbem-9132	71	112	start	start	VERB
fbem-9132	71	113	from	from	ADP
fbem-9132	71	114	themselves	themselves	PRON
fbem-9132	71	115	,	,	PUNCT
fbem-9132	71	116	consider	consider	VERB
fbem-9132	71	117	long	long	ADJ
fbem-9132	71	118	-	-	PUNCT
fbem-9132	71	119	term	term	NOUN
fbem-9132	71	120	development	development	NOUN
fbem-9132	71	121	,	,	PUNCT
fbem-9132	71	122	and	and	CCONJ
fbem-9132	71	123	formulate	formulate	VERB
fbem-9132	71	124	practical	practical	ADJ
fbem-9132	71	125	and	and	CCONJ
fbem-9132	71	126	beneficial	beneficial	ADJ
fbem-9132	71	127	plans	plan	NOUN
fbem-9132	71	128	.	.	PUNCT
fbem-9132	72	1	second	second	ADV
fbem-9132	72	2	,	,	PUNCT
fbem-9132	72	3	enterprises	enterprise	NOUN
fbem-9132	72	4	should	should	AUX
fbem-9132	72	5	start	start	VERB
fbem-9132	72	6	from	from	ADP
fbem-9132	72	7	the	the	DET
fbem-9132	72	8	overall	overall	NOUN
fbem-9132	72	9	and	and	CCONJ
fbem-9132	72	10	take	take	VERB
fbem-9132	72	11	into	into	ADP
fbem-9132	72	12	account	account	NOUN
fbem-9132	72	13	the	the	DET
fbem-9132	72	14	overall	overall	ADJ
fbem-9132	72	15	decision	decision	NOUN
fbem-9132	72	16	-	-	PUNCT
fbem-9132	72	17	making	making	NOUN
fbem-9132	72	18	.	.	PUNCT
fbem-9132	73	1	since	since	SCONJ
fbem-9132	73	2	chasing	chase	VERB
fbem-9132	73	3	profits	profit	NOUN
fbem-9132	73	4	is	be	AUX
fbem-9132	73	5	the	the	DET
fbem-9132	73	6	natural	natural	ADJ
fbem-9132	73	7	purpose	purpose	NOUN
fbem-9132	73	8	of	of	ADP
fbem-9132	73	9	enterprises	enterprise	NOUN
fbem-9132	73	10	,	,	PUNCT
fbem-9132	73	11	most	most	ADJ
fbem-9132	73	12	enterprises	enterprise	NOUN
fbem-9132	73	13	will	will	AUX
fbem-9132	73	14	choose	choose	VERB
fbem-9132	73	15	to	to	PART
fbem-9132	73	16	avoid	avoid	VERB
fbem-9132	73	17	taxes	taxis	NOUN
fbem-9132	73	18	in	in	ADP
fbem-9132	73	19	their	their	PRON
fbem-9132	73	20	operations	operation	NOUN
fbem-9132	73	21	.	.	PUNCT
fbem-9132	74	1	however	however	ADV
fbem-9132	74	2	,	,	PUNCT
fbem-9132	74	3	according	accord	VERB
fbem-9132	74	4	to	to	ADP
fbem-9132	74	5	the	the	DET
fbem-9132	74	6	research	research	NOUN
fbem-9132	74	7	conclusions	conclusion	NOUN
fbem-9132	74	8	,	,	PUNCT
fbem-9132	74	9	it	it	PRON
fbem-9132	74	10	can	can	AUX
fbem-9132	74	11	be	be	AUX
fbem-9132	74	12	seen	see	VERB
fbem-9132	74	13	that	that	SCONJ
fbem-9132	74	14	enterprise	enterprise	NOUN
fbem-9132	74	15	tax	tax	NOUN
fbem-9132	74	16	avoidance	avoidance	NOUN
fbem-9132	74	17	will	will	AUX
fbem-9132	74	18	also	also	ADV
fbem-9132	74	19	bring	bring	VERB
fbem-9132	74	20	adverse	adverse	ADJ
fbem-9132	74	21	consequences	consequence	NOUN
fbem-9132	74	22	,	,	PUNCT
fbem-9132	74	23	and	and	CCONJ
fbem-9132	74	24	when	when	SCONJ
fbem-9132	74	25	the	the	DET
fbem-9132	74	26	cost	cost	NOUN
fbem-9132	74	27	of	of	ADP
fbem-9132	74	28	tax	tax	NOUN
fbem-9132	74	29	avoidance	avoidance	NOUN
fbem-9132	74	30	is	be	AUX
fbem-9132	74	31	much	much	ADV
fbem-9132	74	32	greater	great	ADJ
fbem-9132	74	33	than	than	ADP
fbem-9132	74	34	the	the	DET
fbem-9132	74	35	benefits	benefit	NOUN
fbem-9132	74	36	,	,	PUNCT
fbem-9132	74	37	it	it	PRON
fbem-9132	74	38	is	be	AUX
fbem-9132	74	39	necessary	necessary	ADJ
fbem-9132	74	40	to	to	PART
fbem-9132	74	41	comprehensively	comprehensively	ADV
fbem-9132	74	42	consider	consider	VERB
fbem-9132	74	43	the	the	DET
fbem-9132	74	44	consequences	consequence	NOUN
fbem-9132	74	45	of	of	ADP
fbem-9132	74	46	tax	tax	NOUN
fbem-9132	74	47	avoidance	avoidance	NOUN
fbem-9132	74	48	.	.	PUNCT
fbem-9132	75	1	enterprises	enterprise	NOUN
fbem-9132	75	2	need	need	VERB
fbem-9132	75	3	to	to	PART
fbem-9132	75	4	start	start	VERB
fbem-9132	75	5	from	from	ADP
fbem-9132	75	6	the	the	DET
fbem-9132	75	7	whole	whole	NOUN
fbem-9132	75	8	,	,	PUNCT
fbem-9132	75	9	improve	improve	VERB
fbem-9132	75	10	corporate	corporate	ADJ
fbem-9132	75	11	governance	governance	NOUN
fbem-9132	75	12	,	,	PUNCT
fbem-9132	75	13	reduce	reduce	VERB
fbem-9132	75	14	agency	agency	NOUN
fbem-9132	75	15	conflicts	conflict	NOUN
fbem-9132	75	16	,	,	PUNCT
fbem-9132	75	17	and	and	CCONJ
fbem-9132	75	18	take	take	VERB
fbem-9132	75	19	into	into	ADP
fbem-9132	75	20	account	account	NOUN
fbem-9132	75	21	the	the	DET
fbem-9132	75	22	overall	overall	ADJ
fbem-9132	75	23	situation	situation	NOUN
fbem-9132	75	24	.	.	PUNCT
fbem-9132	76	1	third	third	ADJ
fbem-9132	76	2	,	,	PUNCT
fbem-9132	76	3	for	for	ADP
fbem-9132	76	4	mature	mature	ADJ
fbem-9132	76	5	enterprises	enterprise	NOUN
fbem-9132	76	6	,	,	PUNCT
fbem-9132	76	7	enterprises	enterprise	NOUN
fbem-9132	76	8	should	should	AUX
fbem-9132	76	9	establish	establish	VERB
fbem-9132	76	10	a	a	DET
fbem-9132	76	11	sound	sound	ADJ
fbem-9132	76	12	incentive	incentive	NOUN
fbem-9132	76	13	mechanism	mechanism	NOUN
fbem-9132	76	14	to	to	PART
fbem-9132	76	15	align	align	VERB
fbem-9132	76	16	management	management	NOUN
fbem-9132	76	17	with	with	ADP
fbem-9132	76	18	shareholders	shareholder	NOUN
fbem-9132	76	19	'	'	PART
fbem-9132	76	20	goals	goal	NOUN
fbem-9132	76	21	,	,	PUNCT
fbem-9132	76	22	reduce	reduce	VERB
fbem-9132	76	23	management	management	NOUN
fbem-9132	76	24	's	's	PART
fbem-9132	76	25	on	on	ADP
fbem-9132	76	26	-	-	PUNCT
fbem-9132	76	27	the	the	DET
fbem-9132	76	28	-	-	PUNCT
fbem-9132	76	29	job	job	NOUN
fbem-9132	76	30	consumption	consumption	NOUN
fbem-9132	76	31	,	,	PUNCT
fbem-9132	76	32	and	and	CCONJ
fbem-9132	76	33	improve	improve	VERB
fbem-9132	76	34	capital	capital	NOUN
fbem-9132	76	35	allocation	allocation	NOUN
fbem-9132	76	36	to	to	PART
fbem-9132	76	37	improve	improve	VERB
fbem-9132	76	38	the	the	DET
fbem-9132	76	39	efficiency	efficiency	NOUN
fbem-9132	76	40	of	of	ADP
fbem-9132	76	41	r&d	r&d	NOUN
fbem-9132	76	42	investment	investment	NOUN
fbem-9132	76	43	and	and	CCONJ
fbem-9132	76	44	increase	increase	VERB
fbem-9132	76	45	the	the	DET
fbem-9132	76	46	output	output	NOUN
fbem-9132	76	47	of	of	ADP
fbem-9132	76	48	innovation	innovation	NOUN
fbem-9132	76	49	results	result	NOUN
fbem-9132	76	50	.	.	PUNCT
fbem-9132	77	1	enterprises	enterprise	NOUN
fbem-9132	77	2	should	should	AUX
fbem-9132	77	3	establish	establish	VERB
fbem-9132	77	4	a	a	DET
fbem-9132	77	5	sound	sound	ADJ
fbem-9132	77	6	r&d	r&d	NOUN
fbem-9132	77	7	fund	fund	NOUN
fbem-9132	77	8	supervision	supervision	NOUN
fbem-9132	77	9	and	and	CCONJ
fbem-9132	77	10	management	management	NOUN
fbem-9132	77	11	system	system	NOUN
fbem-9132	77	12	,	,	PUNCT
fbem-9132	77	13	do	do	VERB
fbem-9132	77	14	a	a	DET
fbem-9132	77	15	good	good	ADJ
fbem-9132	77	16	job	job	NOUN
fbem-9132	77	17	in	in	ADP
fbem-9132	77	18	the	the	DET
fbem-9132	77	19	initial	initial	ADJ
fbem-9132	77	20	budget	budget	NOUN
fbem-9132	77	21	,	,	PUNCT
fbem-9132	77	22	strengthen	strengthen	VERB
fbem-9132	77	23	the	the	DET
fbem-9132	77	24	supervision	supervision	NOUN
fbem-9132	77	25	in	in	ADP
fbem-9132	77	26	the	the	DET
fbem-9132	77	27	r&d	r&d	NOUN
fbem-9132	77	28	process	process	NOUN
fbem-9132	77	29	,	,	PUNCT
fbem-9132	77	30	so	so	SCONJ
fbem-9132	77	31	that	that	SCONJ
fbem-9132	77	32	the	the	DET
fbem-9132	77	33	r&d	r&d	NOUN
fbem-9132	77	34	funds	fund	NOUN
fbem-9132	77	35	are	be	AUX
fbem-9132	77	36	indeed	indeed	ADV
fbem-9132	77	37	used	use	VERB
fbem-9132	77	38	for	for	ADP
fbem-9132	77	39	the	the	DET
fbem-9132	77	40	r&d	r&d	NOUN
fbem-9132	77	41	investment	investment	NOUN
fbem-9132	77	42	of	of	ADP
fbem-9132	77	43	the	the	DET
fbem-9132	77	44	enterprise	enterprise	NOUN
fbem-9132	77	45	,	,	PUNCT
fbem-9132	77	46	rather	rather	ADV
fbem-9132	77	47	than	than	ADP
fbem-9132	77	48	being	be	AUX
fbem-9132	77	49	occupied	occupy	VERB
fbem-9132	77	50	by	by	ADP
fbem-9132	77	51	the	the	DET
fbem-9132	77	52	management	management	NOUN
fbem-9132	77	53	,	,	PUNCT
fbem-9132	77	54	and	and	CCONJ
fbem-9132	77	55	alleviate	alleviate	VERB
fbem-9132	77	56	the	the	DET
fbem-9132	77	57	problem	problem	NOUN
fbem-9132	77	58	of	of	ADP
fbem-9132	77	59	the	the	DET
fbem-9132	77	60	shortage	shortage	NOUN
fbem-9132	77	61	of	of	ADP
fbem-9132	77	62	r&d	r&d	NOUN
fbem-9132	77	63	investment	investment	NOUN
fbem-9132	77	64	funds	fund	NOUN
fbem-9132	77	65	of	of	ADP
fbem-9132	77	66	the	the	DET
fbem-9132	77	67	enterprise	enterprise	NOUN
fbem-9132	77	68	.	.	PUNCT
fbem-9132	78	1	for	for	ADP
fbem-9132	78	2	enterprises	enterprise	NOUN
fbem-9132	78	3	in	in	ADP
fbem-9132	78	4	the	the	DET
fbem-9132	78	5	recession	recession	NOUN
fbem-9132	78	6	period	period	NOUN
fbem-9132	78	7	,	,	PUNCT
fbem-9132	78	8	owners	owner	NOUN
fbem-9132	78	9	should	should	AUX
fbem-9132	78	10	pay	pay	VERB
fbem-9132	78	11	attention	attention	NOUN
fbem-9132	78	12	to	to	ADP
fbem-9132	78	13	whether	whether	SCONJ
fbem-9132	78	14	the	the	DET
fbem-9132	78	15	organizational	organizational	ADJ
fbem-9132	78	16	system	system	NOUN
fbem-9132	78	17	of	of	ADP
fbem-9132	78	18	the	the	DET
fbem-9132	78	19	enterprise	enterprise	NOUN
fbem-9132	78	20	is	be	AUX
fbem-9132	78	21	too	too	ADV
fbem-9132	78	22	rigid	rigid	ADJ
fbem-9132	78	23	,	,	PUNCT
fbem-9132	78	24	whether	whether	SCONJ
fbem-9132	78	25	the	the	DET
fbem-9132	78	26	senior	senior	ADJ
fbem-9132	78	27	management	management	NOUN
fbem-9132	78	28	team	team	NOUN
fbem-9132	78	29	has	have	AUX
fbem-9132	78	30	tended	tend	VERB
fbem-9132	78	31	to	to	PART
fbem-9132	78	32	be	be	AUX
fbem-9132	78	33	conservative	conservative	ADJ
fbem-9132	78	34	and	and	CCONJ
fbem-9132	78	35	lost	lose	VERB
fbem-9132	78	36	vitality	vitality	NOUN
fbem-9132	78	37	,	,	PUNCT
fbem-9132	78	38	and	and	CCONJ
fbem-9132	78	39	if	if	SCONJ
fbem-9132	78	40	so	so	ADV
fbem-9132	78	41	,	,	PUNCT
fbem-9132	78	42	the	the	DET
fbem-9132	78	43	enterprise	enterprise	NOUN
fbem-9132	78	44	should	should	AUX
fbem-9132	78	45	improve	improve	VERB
fbem-9132	78	46	the	the	DET
fbem-9132	78	47	senior	senior	ADJ
fbem-9132	78	48	management	management	NOUN
fbem-9132	78	49	team	team	NOUN
fbem-9132	78	50	in	in	ADP
fbem-9132	78	51	time	time	NOUN
fbem-9132	78	52	to	to	PART
fbem-9132	78	53	reduce	reduce	VERB
fbem-9132	78	54	the	the	DET
fbem-9132	78	55	negative	negative	ADJ
fbem-9132	78	56	consequences	consequence	NOUN
fbem-9132	78	57	of	of	ADP
fbem-9132	78	58	the	the	DET
fbem-9132	78	59	tax	tax	NOUN
fbem-9132	78	60	avoidance	avoidance	NOUN
fbem-9132	78	61	agency	agency	NOUN
fbem-9132	78	62	view	view	NOUN
fbem-9132	78	63	.	.	PUNCT
fbem-9132	79	1	finally	finally	ADV
fbem-9132	79	2	,	,	PUNCT
fbem-9132	79	3	no	no	ADV
fbem-9132	79	4	matter	matter	ADV
fbem-9132	79	5	what	what	DET
fbem-9132	79	6	kind	kind	NOUN
fbem-9132	79	7	of	of	ADP
fbem-9132	79	8	life	life	NOUN
fbem-9132	79	9	cycle	cycle	NOUN
fbem-9132	79	10	,	,	PUNCT
fbem-9132	79	11	enterprises	enterprise	NOUN
fbem-9132	79	12	should	should	AUX
fbem-9132	79	13	improve	improve	VERB
fbem-9132	79	14	the	the	DET
fbem-9132	79	15	quality	quality	NOUN
fbem-9132	79	16	of	of	ADP
fbem-9132	79	17	internal	internal	ADJ
fbem-9132	79	18	governance	governance	NOUN
fbem-9132	79	19	,	,	PUNCT
fbem-9132	79	20	consciously	consciously	ADV
fbem-9132	79	21	disclose	disclose	VERB
fbem-9132	79	22	accurate	accurate	ADJ
fbem-9132	79	23	information	information	NOUN
fbem-9132	79	24	to	to	ADP
fbem-9132	79	25	the	the	DET
fbem-9132	79	26	outside	outside	ADJ
fbem-9132	79	27	world	world	NOUN
fbem-9132	79	28	,	,	PUNCT
fbem-9132	79	29	build	build	VERB
fbem-9132	79	30	a	a	DET
fbem-9132	79	31	sound	sound	ADJ
fbem-9132	79	32	information	information	NOUN
fbem-9132	79	33	communication	communication	NOUN
fbem-9132	79	34	channel	channel	NOUN
fbem-9132	79	35	,	,	PUNCT
fbem-9132	79	36	and	and	CCONJ
fbem-9132	79	37	alleviate	alleviate	VERB
fbem-9132	79	38	the	the	DET
fbem-9132	79	39	problem	problem	NOUN
fbem-9132	79	40	of	of	ADP
fbem-9132	79	41	internal	internal	ADJ
fbem-9132	79	42	and	and	CCONJ
fbem-9132	79	43	external	external	ADJ
fbem-9132	79	44	information	information	NOUN
fbem-9132	79	45	asymmetry	asymmetry	NOUN
fbem-9132	79	46	,	,	PUNCT
fbem-9132	79	47	so	so	SCONJ
fbem-9132	79	48	that	that	SCONJ
fbem-9132	79	49	enterprises	enterprise	NOUN
fbem-9132	79	50	can	can	AUX
fbem-9132	79	51	send	send	VERB
fbem-9132	79	52	good	good	ADJ
fbem-9132	79	53	signals	signal	NOUN
fbem-9132	79	54	to	to	ADP
fbem-9132	79	55	the	the	DET
fbem-9132	79	56	outside	outside	ADJ
fbem-9132	79	57	world	world	NOUN
fbem-9132	79	58	,	,	PUNCT
fbem-9132	79	59	show	show	VERB
fbem-9132	79	60	good	good	ADJ
fbem-9132	79	61	development	development	NOUN
fbem-9132	79	62	prospects	prospect	NOUN
fbem-9132	79	63	,	,	PUNCT
fbem-9132	79	64	attract	attract	VERB
fbem-9132	79	65	external	external	ADJ
fbem-9132	79	66	investors	investor	NOUN
fbem-9132	79	67	,	,	PUNCT
fbem-9132	79	68	broaden	broaden	VERB
fbem-9132	79	69	external	external	ADJ
fbem-9132	79	70	financing	financing	NOUN
fbem-9132	79	71	channels	channel	NOUN
fbem-9132	79	72	,	,	PUNCT
fbem-9132	79	73	alleviate	alleviate	VERB
fbem-9132	79	74	the	the	DET
fbem-9132	79	75	problem	problem	NOUN
fbem-9132	79	76	of	of	ADP
fbem-9132	79	77	financing	financing	NOUN
fbem-9132	79	78	constraints	constraint	NOUN
fbem-9132	79	79	,	,	PUNCT
fbem-9132	79	80	and	and	CCONJ
fbem-9132	79	81	reduce	reduce	VERB
fbem-9132	79	82	the	the	DET
fbem-9132	79	83	negative	negative	ADJ
fbem-9132	79	84	consequences	consequence	NOUN
fbem-9132	79	85	caused	cause	VERB
fbem-9132	79	86	by	by	ADP
fbem-9132	79	87	excessive	excessive	ADJ
fbem-9132	79	88	reliance	reliance	NOUN
fbem-9132	79	89	on	on	ADP
fbem-9132	79	90	tax	tax	NOUN
fbem-9132	79	91	avoidance	avoidance	NOUN
fbem-9132	79	92	.	.	PUNCT
fbem-9132	80	1	3.3	3.3	NUM
fbem-9132	80	2	.	.	PUNCT
fbem-9132	81	1	investors	investor	NOUN
fbem-9132	81	2	should	should	AUX
fbem-9132	81	3	play	play	VERB
fbem-9132	81	4	a	a	DET
fbem-9132	81	5	supervisory	supervisory	ADJ
fbem-9132	81	6	role	role	NOUN
fbem-9132	81	7	in	in	ADP
fbem-9132	81	8	the	the	DET
fbem-9132	81	9	corporate	corporate	ADJ
fbem-9132	81	10	governance	governance	NOUN
fbem-9132	81	11	structure	structure	NOUN
fbem-9132	81	12	external	external	ADJ
fbem-9132	81	13	investors	investor	NOUN
fbem-9132	81	14	invest	invest	VERB
fbem-9132	81	15	in	in	ADP
fbem-9132	81	16	enterprises	enterprise	NOUN
fbem-9132	81	17	,	,	PUNCT
fbem-9132	81	18	but	but	CCONJ
fbem-9132	81	19	do	do	AUX
fbem-9132	81	20	not	not	PART
fbem-9132	81	21	participate	participate	VERB
fbem-9132	81	22	in	in	ADP
fbem-9132	81	23	business	business	NOUN
fbem-9132	81	24	activities	activity	NOUN
fbem-9132	81	25	,	,	PUNCT
fbem-9132	81	26	and	and	CCONJ
fbem-9132	81	27	have	have	VERB
fbem-9132	81	28	little	little	ADJ
fbem-9132	81	29	knowledge	knowledge	NOUN
fbem-9132	81	30	of	of	ADP
fbem-9132	81	31	the	the	DET
fbem-9132	81	32	operating	operating	NOUN
fbem-9132	81	33	conditions	condition	NOUN
fbem-9132	81	34	of	of	ADP
fbem-9132	81	35	enterprises	enterprise	NOUN
fbem-9132	81	36	and	and	CCONJ
fbem-9132	81	37	corporate	corporate	ADJ
fbem-9132	81	38	tax	tax	NOUN
fbem-9132	81	39	avoidance	avoidance	NOUN
fbem-9132	81	40	behaviors	behavior	NOUN
fbem-9132	81	41	.	.	PUNCT
fbem-9132	82	1	in	in	ADP
fbem-9132	82	2	addition	addition	NOUN
fbem-9132	82	3	,	,	PUNCT
fbem-9132	82	4	the	the	DET
fbem-9132	82	5	tax	tax	NOUN
fbem-9132	82	6	avoidance	avoidance	NOUN
fbem-9132	82	7	behavior	behavior	NOUN
fbem-9132	82	8	of	of	ADP
fbem-9132	82	9	enterprises	enterprise	NOUN
fbem-9132	82	10	is	be	AUX
fbem-9132	82	11	largely	largely	ADV
fbem-9132	82	12	hidden	hide	VERB
fbem-9132	82	13	,	,	PUNCT
fbem-9132	82	14	which	which	PRON
fbem-9132	82	15	makes	make	VERB
fbem-9132	82	16	the	the	DET
fbem-9132	82	17	business	business	NOUN
fbem-9132	82	18	activities	activity	NOUN
fbem-9132	82	19	of	of	ADP
fbem-9132	82	20	enterprises	enterprise	NOUN
fbem-9132	82	21	more	more	ADV
fbem-9132	82	22	complex	complex	ADJ
fbem-9132	82	23	,	,	PUNCT
fbem-9132	82	24	so	so	SCONJ
fbem-9132	82	25	that	that	SCONJ
fbem-9132	82	26	the	the	DET
fbem-9132	82	27	information	information	NOUN
fbem-9132	82	28	asymmetry	asymmetry	NOUN
fbem-9132	82	29	between	between	ADP
fbem-9132	82	30	internal	internal	ADJ
fbem-9132	82	31	and	and	CCONJ
fbem-9132	82	32	external	external	ADJ
fbem-9132	82	33	investors	investor	NOUN
fbem-9132	82	34	of	of	ADP
fbem-9132	82	35	enterprises	enterprise	NOUN
fbem-9132	82	36	is	be	AUX
fbem-9132	82	37	further	far	ADV
fbem-9132	82	38	increased	increase	VERB
fbem-9132	82	39	,	,	PUNCT
fbem-9132	82	40	and	and	CCONJ
fbem-9132	82	41	external	external	ADJ
fbem-9132	82	42	investors	investor	NOUN
fbem-9132	82	43	will	will	AUX
fbem-9132	82	44	also	also	ADV
fbem-9132	82	45	bear	bear	VERB
fbem-9132	82	46	greater	great	ADJ
fbem-9132	82	47	investment	investment	NOUN
fbem-9132	82	48	risks	risk	NOUN
fbem-9132	82	49	.	.	PUNCT
fbem-9132	83	1	when	when	SCONJ
fbem-9132	83	2	making	make	VERB
fbem-9132	83	3	capital	capital	NOUN
fbem-9132	83	4	investment	investment	NOUN
fbem-9132	83	5	,	,	PUNCT
fbem-9132	83	6	external	external	ADJ
fbem-9132	83	7	investors	investor	NOUN
fbem-9132	83	8	should	should	AUX
fbem-9132	83	9	fully	fully	ADV
fbem-9132	83	10	investigate	investigate	VERB
fbem-9132	83	11	and	and	CCONJ
fbem-9132	83	12	evaluate	evaluate	VERB
fbem-9132	83	13	the	the	DET
fbem-9132	83	14	existence	existence	NOUN
fbem-9132	83	15	of	of	ADP
fbem-9132	83	16	information	information	NOUN
fbem-9132	83	17	asymmetry	asymmetry	NOUN
fbem-9132	83	18	in	in	ADP
fbem-9132	83	19	investment	investment	NOUN
fbem-9132	83	20	,	,	PUNCT
fbem-9132	83	21	and	and	CCONJ
fbem-9132	83	22	must	must	AUX
fbem-9132	83	23	not	not	PART
fbem-9132	83	24	blindly	blindly	ADV
fbem-9132	83	25	rely	rely	VERB
fbem-9132	83	26	on	on	ADP
fbem-9132	83	27	the	the	DET
fbem-9132	83	28	information	information	NOUN
fbem-9132	83	29	disclosed	disclose	VERB
fbem-9132	83	30	by	by	ADP
fbem-9132	83	31	the	the	DET
fbem-9132	83	32	enterprise	enterprise	NOUN
fbem-9132	83	33	to	to	PART
fbem-9132	83	34	make	make	VERB
fbem-9132	83	35	investment	investment	NOUN
fbem-9132	83	36	decisions	decision	NOUN
fbem-9132	83	37	.	.	PUNCT
fbem-9132	84	1	the	the	DET
fbem-9132	84	2	results	result	NOUN
fbem-9132	84	3	show	show	VERB
fbem-9132	84	4	that	that	SCONJ
fbem-9132	84	5	in	in	ADP
fbem-9132	84	6	the	the	DET
fbem-9132	84	7	mature	mature	ADJ
fbem-9132	84	8	and	and	CCONJ
fbem-9132	84	9	recession	recession	NOUN
fbem-9132	84	10	periods	period	NOUN
fbem-9132	84	11	,	,	PUNCT
fbem-9132	84	12	corporate	corporate	ADJ
fbem-9132	84	13	tax	tax	NOUN
fbem-9132	84	14	avoidance	avoidance	NOUN
fbem-9132	84	15	behavior	behavior	NOUN
fbem-9132	84	16	does	do	AUX
fbem-9132	84	17	not	not	PART
fbem-9132	84	18	promote	promote	VERB
fbem-9132	84	19	significant	significant	ADJ
fbem-9132	84	20	improvement	improvement	NOUN
fbem-9132	84	21	of	of	ADP
fbem-9132	84	22	corporate	corporate	ADJ
fbem-9132	84	23	innovation	innovation	NOUN
fbem-9132	84	24	performance	performance	NOUN
fbem-9132	84	25	.	.	PUNCT
fbem-9132	85	1	external	external	ADJ
fbem-9132	85	2	investors	investor	NOUN
fbem-9132	85	3	should	should	AUX
fbem-9132	85	4	fully	fully	ADV
fbem-9132	85	5	investigate	investigate	VERB
fbem-9132	85	6	and	and	CCONJ
fbem-9132	85	7	examine	examine	VERB
fbem-9132	85	8	enterprises	enterprise	NOUN
fbem-9132	85	9	in	in	ADP
fbem-9132	85	10	the	the	DET
fbem-9132	85	11	mature	mature	ADJ
fbem-9132	85	12	and	and	CCONJ
fbem-9132	85	13	declining	decline	VERB
fbem-9132	85	14	stages	stage	NOUN
fbem-9132	85	15	of	of	ADP
fbem-9132	85	16	investment	investment	NOUN
fbem-9132	85	17	,	,	PUNCT
fbem-9132	85	18	especially	especially	ADV
fbem-9132	85	19	institutional	institutional	ADJ
fbem-9132	85	20	investors	investor	NOUN
fbem-9132	85	21	,	,	PUNCT
fbem-9132	85	22	who	who	PRON
fbem-9132	85	23	should	should	AUX
fbem-9132	85	24	adopt	adopt	VERB
fbem-9132	85	25	behindthe	behindthe	ADJ
fbem-9132	85	26	-	-	PUNCT
fbem-9132	85	27	scenes	scene	NOUN
fbem-9132	85	28	negotiations	negotiation	NOUN
fbem-9132	85	29	and	and	CCONJ
fbem-9132	85	30	interpretation	interpretation	NOUN
fbem-9132	85	31	letters	letter	NOUN
fbem-9132	85	32	in	in	ADP
fbem-9132	85	33	the	the	DET
fbem-9132	85	34	corporate	corporate	ADJ
fbem-9132	85	35	governance	governance	NOUN
fbem-9132	85	36	structure	structure	NOUN
fbem-9132	85	37	,	,	PUNCT
fbem-9132	85	38	play	play	VERB
fbem-9132	85	39	their	their	PRON
fbem-9132	85	40	due	due	ADJ
fbem-9132	85	41	supervisory	supervisory	ADJ
fbem-9132	85	42	role	role	NOUN
fbem-9132	85	43	,	,	PUNCT
fbem-9132	85	44	participate	participate	VERB
fbem-9132	85	45	in	in	ADP
fbem-9132	85	46	major	major	ADJ
fbem-9132	85	47	company	company	NOUN
fbem-9132	85	48	decisions	decision	NOUN
fbem-9132	85	49	,	,	PUNCT
fbem-9132	85	50	and	and	CCONJ
fbem-9132	85	51	submit	submit	VERB
fbem-9132	85	52	opinions	opinion	NOUN
fbem-9132	85	53	as	as	ADP
fbem-9132	85	54	observers	observer	NOUN
fbem-9132	85	55	.	.	PUNCT
fbem-9132	86	1	if	if	SCONJ
fbem-9132	86	2	necessary	necessary	ADJ
fbem-9132	86	3	,	,	PUNCT
fbem-9132	86	4	investors	investor	NOUN
fbem-9132	86	5	can	can	AUX
fbem-9132	86	6	seek	seek	VERB
fbem-9132	86	7	social	social	ADJ
fbem-9132	86	8	and	and	CCONJ
fbem-9132	86	9	government	government	NOUN
fbem-9132	86	10	support	support	NOUN
fbem-9132	86	11	and	and	CCONJ
fbem-9132	86	12	help	help	VERB
fbem-9132	86	13	,	,	PUNCT
fbem-9132	86	14	actively	actively	ADV
fbem-9132	86	15	participate	participate	VERB
fbem-9132	86	16	in	in	ADP
fbem-9132	86	17	corporate	corporate	ADJ
fbem-9132	86	18	governance	governance	NOUN
fbem-9132	86	19	and	and	CCONJ
fbem-9132	86	20	evaluation	evaluation	NOUN
fbem-9132	86	21	,	,	PUNCT
fbem-9132	86	22	supervise	supervise	VERB
fbem-9132	86	23	management	management	NOUN
fbem-9132	86	24	,	,	PUNCT
fbem-9132	86	25	and	and	CCONJ
fbem-9132	86	26	prevent	prevent	VERB
fbem-9132	86	27	management	management	NOUN
fbem-9132	86	28	from	from	ADP
fbem-9132	86	29	taking	take	VERB
fbem-9132	86	30	advantage	advantage	NOUN
fbem-9132	86	31	of	of	ADP
fbem-9132	86	32	their	their	PRON
fbem-9132	86	33	position	position	NOUN
fbem-9132	86	34	to	to	PART
fbem-9132	86	35	make	make	VERB
fbem-9132	86	36	on	on	ADP
fbem-9132	86	37	-	-	PUNCT
fbem-9132	86	38	the	the	DET
fbem-9132	86	39	-	-	PUNCT
fbem-9132	86	40	job	job	NOUN
fbem-9132	86	41	consumption	consumption	NOUN
fbem-9132	86	42	,	,	PUNCT
fbem-9132	86	43	and	and	CCONJ
fbem-9132	86	44	in	in	ADP
fbem-9132	86	45	the	the	DET
fbem-9132	86	46	name	name	NOUN
fbem-9132	86	47	of	of	ADP
fbem-9132	86	48	tax	tax	NOUN
fbem-9132	86	49	avoidance	avoidance	NOUN
fbem-9132	86	50	,	,	PUNCT
fbem-9132	86	51	in	in	ADP
fbem-9132	86	52	fact	fact	NOUN
fbem-9132	86	53	,	,	PUNCT
fbem-9132	86	54	the	the	DET
fbem-9132	86	55	possibility	possibility	NOUN
fbem-9132	86	56	of	of	ADP
fbem-9132	86	57	seeking	seek	VERB
fbem-9132	86	58	personal	personal	ADJ
fbem-9132	86	59	90	90	NUM
fbem-9132	86	60	interests	interest	NOUN
fbem-9132	86	61	for	for	ADP
fbem-9132	86	62	themselves	themselves	PRON
fbem-9132	86	63	.	.	PUNCT
fbem-9132	87	1	this	this	PRON
fbem-9132	87	2	solves	solve	VERB
fbem-9132	87	3	the	the	DET
fbem-9132	87	4	problem	problem	NOUN
fbem-9132	87	5	that	that	PRON
fbem-9132	87	6	enterprises	enterprise	NOUN
fbem-9132	87	7	abandon	abandon	VERB
fbem-9132	87	8	or	or	CCONJ
fbem-9132	87	9	reduce	reduce	VERB
fbem-9132	87	10	r&d	r&d	NOUN
fbem-9132	87	11	capital	capital	NOUN
fbem-9132	87	12	investment	investment	NOUN
fbem-9132	87	13	due	due	ADP
fbem-9132	87	14	to	to	ADP
fbem-9132	87	15	insufficient	insufficient	ADJ
fbem-9132	87	16	funds	fund	NOUN
fbem-9132	87	17	,	,	PUNCT
fbem-9132	87	18	so	so	SCONJ
fbem-9132	87	19	as	as	SCONJ
fbem-9132	87	20	to	to	PART
fbem-9132	87	21	improve	improve	VERB
fbem-9132	87	22	the	the	DET
fbem-9132	87	23	innovation	innovation	NOUN
fbem-9132	87	24	performance	performance	NOUN
fbem-9132	87	25	of	of	ADP
fbem-9132	87	26	enterprises	enterprise	NOUN
fbem-9132	87	27	.	.	PUNCT
fbem-9132	88	1	acknowledgment	acknowledgment	NOUN
fbem-9132	88	2	fund	fund	PROPN
fbem-9132	88	3	:	:	PUNCT
fbem-9132	88	4	wenzhou	wenzhou	PROPN
fbem-9132	88	5	polytechnic	polytechnic	PROPN
fbem-9132	88	6	university	university	NOUN
fbem-9132	88	7	-	-	PUNCT
fbem-9132	88	8	level	level	NOUN
fbem-9132	88	9	scientific	scientific	ADJ
fbem-9132	88	10	research	research	NOUN
fbem-9132	88	11	project	project	NOUN
fbem-9132	88	12	(	(	PUNCT
fbem-9132	88	13	wzy2021016	wzy2021016	NOUN
fbem-9132	88	14	)	)	PUNCT
fbem-9132	88	15	;	;	PUNCT
fbem-9132	88	16	wenzhou	wenzhou	PROPN
fbem-9132	88	17	philosophy	philosophy	NOUN
fbem-9132	88	18	and	and	CCONJ
fbem-9132	88	19	social	social	ADJ
fbem-9132	88	20	science	science	NOUN
fbem-9132	88	21	planning	planning	NOUN
fbem-9132	88	22	project(22wsk077	project(22wsk077	NOUN
fbem-9132	88	23	)	)	PUNCT
fbem-9132	88	24	.	.	PUNCT
fbem-9132	89	1	references	reference	NOUN
fbem-9132	89	2	[	[	X
fbem-9132	89	3	1	1	NUM
fbem-9132	89	4	]	]	PUNCT
fbem-9132	89	5	chen	chen	PROPN
fbem-9132	89	6	k	k	PROPN
fbem-9132	89	7	p	p	PROPN
fbem-9132	89	8	,	,	PUNCT
fbem-9132	89	9	chu	chu	PROPN
fbem-9132	89	10	c	c	PROPN
fbem-9132	89	11	y	y	PROPN
fbem-9132	89	12	c.	c.	PROPN
fbem-9132	89	13	internal	internal	PROPN
fbem-9132	89	14	control	control	PROPN
fbem-9132	89	15	versus	versus	ADP
fbem-9132	89	16	external	external	ADJ
fbem-9132	89	17	manipulation	manipulation	NOUN
fbem-9132	89	18	:	:	PUNCT
fbem-9132	89	19	a	a	DET
fbem-9132	89	20	model	model	NOUN
fbem-9132	89	21	of	of	ADP
fbem-9132	89	22	corporate	corporate	ADJ
fbem-9132	89	23	income	income	NOUN
fbem-9132	89	24	tax	tax	NOUN
fbem-9132	89	25	evasion[j	evasion[j	PROPN
fbem-9132	89	26	]	]	PUNCT
fbem-9132	89	27	.	.	PUNCT
fbem-9132	90	1	rand	rand	PROPN
fbem-9132	90	2	journal	journal	PROPN
fbem-9132	90	3	of	of	ADP
fbem-9132	90	4	economics	economic	NOUN
fbem-9132	90	5	,	,	PUNCT
fbem-9132	90	6	2005	2005	NUM
fbem-9132	90	7	:	:	PUNCT
fbem-9132	90	8	151164	151164	NUM
fbem-9132	90	9	.	.	PUNCT
fbem-9132	91	1	[	[	X
fbem-9132	91	2	2	2	NUM
fbem-9132	91	3	]	]	X
fbem-9132	91	4	eberhart	eberhart	NOUN
fbem-9132	91	5	a	a	NOUN
fbem-9132	91	6	,	,	PUNCT
fbem-9132	91	7	maxwell	maxwell	PROPN
fbem-9132	91	8	w	w	PROPN
fbem-9132	91	9	,	,	PUNCT
fbem-9132	91	10	siddique	siddique	PROPN
fbem-9132	91	11	a.	a.	NOUN
fbem-9132	91	12	a	a	DET
fbem-9132	91	13	reexamination	reexamination	NOUN
fbem-9132	91	14	of	of	ADP
fbem-9132	91	15	the	the	DET
fbem-9132	91	16	tradeoff	tradeoff	NOUN
fbem-9132	91	17	between	between	ADP
fbem-9132	91	18	the	the	DET
fbem-9132	91	19	future	future	ADJ
fbem-9132	91	20	benefit	benefit	NOUN
fbem-9132	91	21	and	and	CCONJ
fbem-9132	91	22	riskiness	riskiness	NOUN
fbem-9132	91	23	of	of	ADP
fbem-9132	91	24	r&d	r&d	NOUN
fbem-9132	91	25	increases[j	increases[j	PROPN
fbem-9132	91	26	]	]	PUNCT
fbem-9132	91	27	.	.	PUNCT
fbem-9132	92	1	journal	journal	PROPN
fbem-9132	92	2	of	of	ADP
fbem-9132	92	3	accounting	accounting	NOUN
fbem-9132	92	4	research	research	NOUN
fbem-9132	92	5	,	,	PUNCT
fbem-9132	92	6	2008	2008	NUM
fbem-9132	92	7	,	,	PUNCT
fbem-9132	92	8	[	[	X
fbem-9132	92	9	3	3	NUM
fbem-9132	92	10	]	]	X
fbem-9132	92	11	hou	hou	NOUN
fbem-9132	92	12	qiaoming	qiaoming	NOUN
fbem-9132	92	13	,	,	PUNCT
fbem-9132	92	14	song	song	PROPN
fbem-9132	92	15	li	li	PROPN
fbem-9132	92	16	,	,	PUNCT
fbem-9132	92	17	jiang	jiang	PROPN
fbem-9132	92	18	yapeng	yapeng	PROPN
fbem-9132	92	19	.	.	PUNCT
fbem-9132	93	1	managerial	managerial	ADJ
fbem-9132	93	2	behavior	behavior	NOUN
fbem-9132	93	3	,	,	PUNCT
fbem-9132	93	4	enterprise	enterprise	NOUN
fbem-9132	93	5	life	life	NOUN
fbem-9132	93	6	cycle	cycle	NOUN
fbem-9132	93	7	and	and	CCONJ
fbem-9132	93	8	inefficient	inefficient	ADJ
fbem-9132	93	9	investment[j].accounting	investment[j].accounte	VERB
fbem-9132	93	10	research	research	NOUN
fbem-9132	93	11	,	,	PUNCT
fbem-9132	93	12	2017	2017	NUM
fbem-9132	93	13	,	,	PUNCT
fbem-9132	93	14	(	(	PUNCT
fbem-9132	93	15	03):61	03):61	NOUN
fbem-9132	93	16	-	-	SYM
fbem-9132	93	17	67	67	NUM
fbem-9132	93	18	+	+	NOUN
fbem-9132	93	19	95	95	NUM
fbem-9132	93	20	.	.	PUNCT
fbem-9132	94	1	[	[	X
fbem-9132	94	2	4	4	X
fbem-9132	94	3	]	]	X
fbem-9132	94	4	lu	lu	PROPN
fbem-9132	94	5	rui	rui	PROPN
fbem-9132	94	6	.	.	PUNCT
fbem-9132	94	7	performance	performance	NOUN
fbem-9132	94	8	sensitivity	sensitivity	NOUN
fbem-9132	94	9	of	of	ADP
fbem-9132	94	10	corporate	corporate	ADJ
fbem-9132	94	11	innovation	innovation	NOUN
fbem-9132	94	12	investment	investment	NOUN
fbem-9132	94	13	and	and	CCONJ
fbem-9132	94	14	executive	executive	NOUN
fbem-9132	94	15	compensation[j	compensation[j	PROPN
fbem-9132	94	16	]	]	PUNCT
fbem-9132	94	17	.	.	PUNCT
fbem-9132	95	1	accounting	accounting	NOUN
fbem-9132	95	2	research	research	NOUN
fbem-9132	95	3	,	,	PUNCT
fbem-9132	95	4	2014,(10):36	2014,(10):36	NOUN
fbem-9132	95	5	-	-	SYM
fbem-9132	95	6	42	42	NUM
fbem-9132	95	7	+	+	NOUN
fbem-9132	95	8	96	96	NUM
fbem-9132	95	9	.	.	PUNCT
fbem-9132	96	1	[	[	X
fbem-9132	96	2	5	5	X
fbem-9132	96	3	]	]	X
fbem-9132	96	4	liu	liu	PROPN
fbem-9132	96	5	shiyuan	shiyuan	PROPN
fbem-9132	96	6	,	,	PUNCT
fbem-9132	96	7	lin	lin	PROPN
fbem-9132	96	8	zhifan	zhifan	PROPN
fbem-9132	96	9	,	,	PUNCT
fbem-9132	96	10	leng	leng	PROPN
fbem-9132	96	11	zhipeng	zhipeng	PROPN
fbem-9132	96	12	.	.	PUNCT
fbem-9132	96	13	do	do	AUX
fbem-9132	96	14	tax	tax	NOUN
fbem-9132	96	15	incentives	incentive	NOUN
fbem-9132	96	16	raise	raise	VERB
fbem-9132	96	17	the	the	DET
fbem-9132	96	18	level	level	NOUN
fbem-9132	96	19	of	of	ADP
fbem-9132	96	20	corporate	corporate	ADJ
fbem-9132	96	21	innovation?——test	innovation?——test	NOUN
fbem-9132	96	22	based	base	VERB
fbem-9132	96	23	on	on	ADP
fbem-9132	96	24	enterprise	enterprise	NOUN
fbem-9132	96	25	life	life	NOUN
fbem-9132	96	26	cycle	cycle	NOUN
fbem-9132	96	27	theory[j	theory[j	NOUN
fbem-9132	96	28	]	]	PUNCT
fbem-9132	96	29	.	.	PUNCT
fbem-9132	97	1	economic	economic	ADJ
fbem-9132	97	2	research	research	NOUN
fbem-9132	97	3	journal	journal	NOUN
fbem-9132	97	4	,	,	PUNCT
fbem-9132	97	5	2020	2020	NUM
fbem-9132	97	6	,	,	PUNCT
fbem-9132	97	7	55(06):105	55(06):105	NUM
fbem-9132	97	8	-	-	SYM
fbem-9132	97	9	121	121	NUM
fbem-9132	97	10	.	.	PUNCT