id	sid	tid	token	lemma	pos
gujaf-140	1	1	i	i	PRON
gujaf-140	1	2	gusau	gusau	PROPN
gujaf-140	1	3	journal	journal	NOUN
gujaf-140	1	4	of	of	ADP
gujaf-140	1	5	accounting	accounting	NOUN
gujaf-140	1	6	and	and	CCONJ
gujaf-140	1	7	finance	finance	NOUN
gujaf-140	1	8	(	(	PUNCT
gujaf-140	1	9	gujaf	gujaf	NOUN
gujaf-140	1	10	)	)	PUNCT
gujaf-140	1	11	vol	vol	NOUN
gujaf-140	1	12	.	.	NOUN
gujaf-140	1	13	3	3	NUM
gujaf-140	1	14	issue	issue	NOUN
gujaf-140	1	15	2	2	NUM
gujaf-140	1	16	,	,	PUNCT
gujaf-140	1	17	april	april	PROPN
gujaf-140	1	18	,	,	PUNCT
gujaf-140	1	19	2022	2022	NUM
gujaf-140	1	20	issn	issn	NOUN
gujaf-140	1	21	:	:	PUNCT
gujaf-140	1	22	2756	2756	NUM
gujaf-140	1	23	-	-	PUNCT
gujaf-140	1	24	665x	665x	NOUN
gujaf-140	1	25	a	a	DET
gujaf-140	1	26	publication	publication	NOUN
gujaf-140	1	27	of	of	ADP
gujaf-140	1	28	department	department	NOUN
gujaf-140	1	29	of	of	ADP
gujaf-140	1	30	accounting	accounting	NOUN
gujaf-140	1	31	and	and	CCONJ
gujaf-140	1	32	finance	finance	NOUN
gujaf-140	1	33	,	,	PUNCT
gujaf-140	1	34	faculty	faculty	NOUN
gujaf-140	1	35	of	of	ADP
gujaf-140	1	36	management	management	NOUN
gujaf-140	1	37	and	and	CCONJ
gujaf-140	1	38	social	social	ADJ
gujaf-140	1	39	sciences	science	NOUN
gujaf-140	1	40	,	,	PUNCT
gujaf-140	1	41	federal	federal	ADJ
gujaf-140	1	42	university	university	NOUN
gujaf-140	1	43	gusau	gusau	NOUN
gujaf-140	1	44	,	,	PUNCT
gujaf-140	1	45	zamfara	zamfara	PROPN
gujaf-140	1	46	state	state	PROPN
gujaf-140	1	47	-nigeria	-nigeria	PROPN
gujaf-140	1	48	1	1	NUM
gujaf-140	1	49	board	board	NOUN
gujaf-140	1	50	structure	structure	NOUN
gujaf-140	1	51	and	and	CCONJ
gujaf-140	1	52	financial	financial	ADJ
gujaf-140	1	53	performance	performance	NOUN
gujaf-140	1	54	of	of	ADP
gujaf-140	1	55	listed	list	VERB
gujaf-140	1	56	pharmaceutical	pharmaceutical	ADJ
gujaf-140	1	57	firms	firm	NOUN
gujaf-140	1	58	in	in	ADP
gujaf-140	1	59	nigeria	nigeria	PROPN
gujaf-140	1	60	hauwa	hauwa	PROPN
gujaf-140	2	1	aliyu	aliyu	PROPN
gujaf-140	2	2	ndayako	ndayako	VERB
gujaf-140	2	3	distance	distance	NOUN
gujaf-140	2	4	learning	learning	NOUN
gujaf-140	2	5	centre	centre	NOUN
gujaf-140	2	6	ahmadu	ahmadu	PROPN
gujaf-140	2	7	bello	bello	PROPN
gujaf-140	2	8	university	university	PROPN
gujaf-140	2	9	zaria	zaria	PROPN
gujaf-140	2	10	,	,	PUNCT
gujaf-140	2	11	nigerian	nigerian	PROPN
gujaf-140	2	12	ndayakohauwa@gmail.com	ndayakohauwa@gmail.com	PROPN
gujaf-140	2	13	,	,	PUNCT
gujaf-140	2	14	07037160770	07037160770	NUM
gujaf-140	2	15	nurudeen	nurudeen	NOUN
gujaf-140	2	16	jimoh	jimoh	ADJ
gujaf-140	2	17	phd	phd	NOUN
gujaf-140	2	18	department	department	PROPN
gujaf-140	2	19	of	of	ADP
gujaf-140	2	20	business	business	PROPN
gujaf-140	2	21	administration	administration	PROPN
gujaf-140	2	22	kaduna	kaduna	PROPN
gujaf-140	2	23	state	state	PROPN
gujaf-140	2	24	university	university	PROPN
gujaf-140	2	25	,	,	PUNCT
gujaf-140	2	26	kaduna	kaduna	PROPN
gujaf-140	2	27	–	–	PUNCT
gujaf-140	2	28	nigeria	nigeria	PROPN
gujaf-140	2	29	.	.	PUNCT
gujaf-140	3	1	nur.jimoh@gmail.com	nur.jimoh@gmail.com	PROPN
gujaf-140	3	2	;	;	PUNCT
gujaf-140	3	3	07039876754	07039876754	NUM
gujaf-140	3	4	halima	halima	PROPN
gujaf-140	3	5	shuaibu	shuaibu	NOUN
gujaf-140	3	6	distance	distance	NOUN
gujaf-140	3	7	learning	learning	NOUN
gujaf-140	3	8	centre	centre	NOUN
gujaf-140	3	9	ahmadu	ahmadu	PROPN
gujaf-140	3	10	bello	bello	PROPN
gujaf-140	3	11	university	university	NOUN
gujaf-140	3	12	,	,	PUNCT
gujaf-140	3	13	zarianigeria	zarianigeria	PROPN
gujaf-140	3	14	saasalimsuleiman@gmail.com	saasalimsuleiman@gmail.com	PROPN
gujaf-140	3	15	,	,	PUNCT
gujaf-140	3	16	08069807220	08069807220	NUM
gujaf-140	3	17	abstract	abstract	ADJ
gujaf-140	3	18	this	this	DET
gujaf-140	3	19	research	research	NOUN
gujaf-140	3	20	attempts	attempt	VERB
gujaf-140	3	21	to	to	PART
gujaf-140	3	22	investigate	investigate	VERB
gujaf-140	3	23	how	how	SCONJ
gujaf-140	3	24	corporate	corporate	ADJ
gujaf-140	3	25	board	board	NOUN
gujaf-140	3	26	structure	structure	NOUN
gujaf-140	3	27	affects	affect	VERB
gujaf-140	3	28	the	the	DET
gujaf-140	3	29	financial	financial	ADJ
gujaf-140	3	30	performance	performance	NOUN
gujaf-140	3	31	of	of	ADP
gujaf-140	3	32	nigerian	nigerian	ADJ
gujaf-140	3	33	pharmaceutical	pharmaceutical	NOUN
gujaf-140	3	34	companies	company	NOUN
gujaf-140	3	35	that	that	PRON
gujaf-140	3	36	are	be	AUX
gujaf-140	3	37	publicly	publicly	ADV
gujaf-140	3	38	traded	trade	VERB
gujaf-140	3	39	.	.	PUNCT
gujaf-140	4	1	the	the	DET
gujaf-140	4	2	study	study	NOUN
gujaf-140	4	3	discovered	discover	VERB
gujaf-140	4	4	that	that	SCONJ
gujaf-140	4	5	female	female	ADJ
gujaf-140	4	6	directors	director	NOUN
gujaf-140	4	7	,	,	PUNCT
gujaf-140	4	8	institutional	institutional	ADJ
gujaf-140	4	9	directors	director	NOUN
gujaf-140	4	10	,	,	PUNCT
gujaf-140	4	11	and	and	CCONJ
gujaf-140	4	12	non	non	ADJ
gujaf-140	4	13	-	-	ADJ
gujaf-140	4	14	executive	executive	ADJ
gujaf-140	4	15	directors	director	NOUN
gujaf-140	4	16	have	have	VERB
gujaf-140	4	17	a	a	DET
gujaf-140	4	18	strong	strong	ADJ
gujaf-140	4	19	significant	significant	ADJ
gujaf-140	4	20	impact	impact	NOUN
gujaf-140	4	21	on	on	ADP
gujaf-140	4	22	the	the	DET
gujaf-140	4	23	profitability	profitability	NOUN
gujaf-140	4	24	of	of	ADP
gujaf-140	4	25	the	the	DET
gujaf-140	4	26	sampled	sample	VERB
gujaf-140	4	27	pharmaceutical	pharmaceutical	ADJ
gujaf-140	4	28	firms	firm	NOUN
gujaf-140	4	29	in	in	ADP
gujaf-140	4	30	nigeria	nigeria	PROPN
gujaf-140	4	31	during	during	ADP
gujaf-140	4	32	the	the	DET
gujaf-140	4	33	period	period	NOUN
gujaf-140	4	34	covered	cover	VERB
gujaf-140	4	35	by	by	ADP
gujaf-140	4	36	the	the	DET
gujaf-140	4	37	study	study	NOUN
gujaf-140	4	38	using	use	VERB
gujaf-140	4	39	multiple	multiple	ADJ
gujaf-140	4	40	regression	regression	NOUN
gujaf-140	4	41	technique	technique	NOUN
gujaf-140	4	42	.	.	PUNCT
gujaf-140	5	1	the	the	DET
gujaf-140	5	2	study	study	NOUN
gujaf-140	5	3	used	use	VERB
gujaf-140	5	4	a	a	DET
gujaf-140	5	5	correlational	correlational	ADJ
gujaf-140	5	6	research	research	NOUN
gujaf-140	5	7	design	design	NOUN
gujaf-140	5	8	and	and	CCONJ
gujaf-140	5	9	a	a	DET
gujaf-140	5	10	panel	panel	NOUN
gujaf-140	5	11	regression	regression	NOUN
gujaf-140	5	12	technique	technique	NOUN
gujaf-140	5	13	of	of	ADP
gujaf-140	5	14	data	datum	NOUN
gujaf-140	5	15	analysis	analysis	NOUN
gujaf-140	5	16	on	on	ADP
gujaf-140	5	17	a	a	DET
gujaf-140	5	18	sample	sample	NOUN
gujaf-140	5	19	of	of	ADP
gujaf-140	5	20	seven	seven	NUM
gujaf-140	5	21	pharmaceutical	pharmaceutical	ADJ
gujaf-140	5	22	firms	firm	NOUN
gujaf-140	5	23	for	for	ADP
gujaf-140	5	24	a	a	DET
gujaf-140	5	25	period	period	NOUN
gujaf-140	5	26	of	of	ADP
gujaf-140	5	27	ten	ten	NUM
gujaf-140	5	28	years	year	NOUN
gujaf-140	5	29	(	(	PUNCT
gujaf-140	5	30	2012	2012	NUM
gujaf-140	5	31	-	-	SYM
gujaf-140	5	32	2020	2020	NUM
gujaf-140	5	33	)	)	PUNCT
gujaf-140	5	34	.	.	PUNCT
gujaf-140	6	1	the	the	DET
gujaf-140	6	2	research	research	NOUN
gujaf-140	6	3	found	find	VERB
gujaf-140	6	4	that	that	SCONJ
gujaf-140	6	5	,	,	PUNCT
gujaf-140	6	6	the	the	DET
gujaf-140	6	7	size	size	NOUN
gujaf-140	6	8	of	of	ADP
gujaf-140	6	9	the	the	DET
gujaf-140	6	10	board	board	NOUN
gujaf-140	6	11	of	of	ADP
gujaf-140	6	12	directors	director	NOUN
gujaf-140	6	13	had	have	VERB
gujaf-140	6	14	no	no	DET
gujaf-140	6	15	discernible	discernible	ADJ
gujaf-140	6	16	effect	effect	NOUN
gujaf-140	6	17	on	on	ADP
gujaf-140	6	18	the	the	DET
gujaf-140	6	19	selected	select	VERB
gujaf-140	6	20	firms	firm	NOUN
gujaf-140	6	21	'	'	PART
gujaf-140	6	22	profitability	profitability	NOUN
gujaf-140	6	23	.	.	PUNCT
gujaf-140	7	1	according	accord	VERB
gujaf-140	7	2	to	to	ADP
gujaf-140	7	3	the	the	DET
gujaf-140	7	4	research	research	NOUN
gujaf-140	7	5	,	,	PUNCT
gujaf-140	7	6	institutional	institutional	ADJ
gujaf-140	7	7	directors	director	NOUN
gujaf-140	7	8	have	have	VERB
gujaf-140	7	9	a	a	DET
gujaf-140	7	10	positive	positive	ADJ
gujaf-140	7	11	effect	effect	NOUN
gujaf-140	7	12	on	on	ADP
gujaf-140	7	13	the	the	DET
gujaf-140	7	14	profitability	profitability	NOUN
gujaf-140	7	15	of	of	ADP
gujaf-140	7	16	nigeria	nigeria	PROPN
gujaf-140	7	17	's	's	PART
gujaf-140	7	18	publicly	publicly	ADV
gujaf-140	7	19	traded	trade	VERB
gujaf-140	7	20	pharmaceutical	pharmaceutical	ADJ
gujaf-140	7	21	businesses	business	NOUN
gujaf-140	7	22	,	,	PUNCT
gujaf-140	7	23	whereas	whereas	SCONJ
gujaf-140	7	24	female	female	ADJ
gujaf-140	7	25	directors	director	NOUN
gujaf-140	7	26	and	and	CCONJ
gujaf-140	7	27	non	non	ADJ
gujaf-140	7	28	-	-	ADJ
gujaf-140	7	29	executive	executive	ADJ
gujaf-140	7	30	directors	director	NOUN
gujaf-140	7	31	have	have	VERB
gujaf-140	7	32	a	a	DET
gujaf-140	7	33	negative	negative	ADJ
gujaf-140	7	34	impact	impact	NOUN
gujaf-140	7	35	on	on	ADP
gujaf-140	7	36	the	the	DET
gujaf-140	7	37	profitability	profitability	NOUN
gujaf-140	7	38	of	of	ADP
gujaf-140	7	39	their	their	PRON
gujaf-140	7	40	organizations	organization	NOUN
gujaf-140	7	41	.	.	PUNCT
gujaf-140	8	1	according	accord	VERB
gujaf-140	8	2	to	to	ADP
gujaf-140	8	3	the	the	DET
gujaf-140	8	4	research	research	NOUN
gujaf-140	8	5	,	,	PUNCT
gujaf-140	8	6	a	a	DET
gujaf-140	8	7	big	big	ADJ
gujaf-140	8	8	board	board	NOUN
gujaf-140	8	9	does	do	AUX
gujaf-140	8	10	not	not	PART
gujaf-140	8	11	always	always	ADV
gujaf-140	8	12	increase	increase	VERB
gujaf-140	8	13	a	a	DET
gujaf-140	8	14	company	company	NOUN
gujaf-140	8	15	's	's	PART
gujaf-140	8	16	profitability	profitability	NOUN
gujaf-140	8	17	.	.	PUNCT
gujaf-140	9	1	therefore	therefore	ADV
gujaf-140	9	2	,	,	PUNCT
gujaf-140	9	3	management	management	NOUN
gujaf-140	9	4	and	and	CCONJ
gujaf-140	9	5	the	the	DET
gujaf-140	9	6	board	board	NOUN
gujaf-140	9	7	of	of	ADP
gujaf-140	9	8	directors	director	NOUN
gujaf-140	9	9	of	of	ADP
gujaf-140	9	10	pharmaceutical	pharmaceutical	ADJ
gujaf-140	9	11	companies	company	NOUN
gujaf-140	9	12	in	in	ADP
gujaf-140	9	13	nigeria	nigeria	PROPN
gujaf-140	9	14	are	be	AUX
gujaf-140	9	15	advised	advise	VERB
gujaf-140	9	16	to	to	PART
gujaf-140	9	17	reduce	reduce	VERB
gujaf-140	9	18	the	the	DET
gujaf-140	9	19	size	size	NOUN
gujaf-140	9	20	of	of	ADP
gujaf-140	9	21	their	their	PRON
gujaf-140	9	22	boards	board	NOUN
gujaf-140	9	23	to	to	ADP
gujaf-140	9	24	a	a	DET
gujaf-140	9	25	maximum	maximum	NOUN
gujaf-140	9	26	of	of	ADP
gujaf-140	9	27	six	six	NUM
gujaf-140	9	28	members	member	NOUN
gujaf-140	9	29	.	.	PUNCT
gujaf-140	10	1	additionally	additionally	ADV
gujaf-140	10	2	,	,	PUNCT
gujaf-140	10	3	it	it	PRON
gujaf-140	10	4	was	be	AUX
gujaf-140	10	5	advised	advise	VERB
gujaf-140	10	6	that	that	SCONJ
gujaf-140	10	7	the	the	DET
gujaf-140	10	8	number	number	NOUN
gujaf-140	10	9	of	of	ADP
gujaf-140	10	10	institutional	institutional	ADJ
gujaf-140	10	11	directors	director	NOUN
gujaf-140	10	12	on	on	ADP
gujaf-140	10	13	the	the	DET
gujaf-140	10	14	boards	board	NOUN
gujaf-140	10	15	of	of	ADP
gujaf-140	10	16	nigerian	nigerian	ADJ
gujaf-140	10	17	pharmaceutical	pharmaceutical	NOUN
gujaf-140	10	18	companies	company	NOUN
gujaf-140	10	19	that	that	PRON
gujaf-140	10	20	are	be	AUX
gujaf-140	10	21	publicly	publicly	ADV
gujaf-140	10	22	traded	trade	VERB
gujaf-140	10	23	be	be	AUX
gujaf-140	10	24	expanded	expand	VERB
gujaf-140	10	25	since	since	SCONJ
gujaf-140	10	26	their	their	PRON
gujaf-140	10	27	presence	presence	NOUN
gujaf-140	10	28	contributes	contribute	VERB
gujaf-140	10	29	to	to	ADP
gujaf-140	10	30	rising	rise	VERB
gujaf-140	10	31	profits	profit	NOUN
gujaf-140	10	32	.	.	PUNCT
gujaf-140	11	1	the	the	DET
gujaf-140	11	2	report	report	NOUN
gujaf-140	11	3	's	's	PART
gujaf-140	11	4	conclusion	conclusion	NOUN
gujaf-140	11	5	urges	urge	VERB
gujaf-140	11	6	policymakers	policymaker	NOUN
gujaf-140	11	7	and	and	CCONJ
gujaf-140	11	8	other	other	ADJ
gujaf-140	11	9	interested	interested	ADJ
gujaf-140	11	10	parties	party	NOUN
gujaf-140	11	11	to	to	PART
gujaf-140	11	12	start	start	VERB
gujaf-140	11	13	a	a	DET
gujaf-140	11	14	process	process	NOUN
gujaf-140	11	15	to	to	PART
gujaf-140	11	16	limit	limit	VERB
gujaf-140	11	17	the	the	DET
gujaf-140	11	18	number	number	NOUN
gujaf-140	11	19	of	of	ADP
gujaf-140	11	20	women	woman	NOUN
gujaf-140	11	21	who	who	PRON
gujaf-140	11	22	may	may	AUX
gujaf-140	11	23	serve	serve	VERB
gujaf-140	11	24	as	as	ADP
gujaf-140	11	25	directors	director	NOUN
gujaf-140	11	26	on	on	ADP
gujaf-140	11	27	the	the	DET
gujaf-140	11	28	boards	board	NOUN
gujaf-140	11	29	of	of	ADP
gujaf-140	11	30	publicly	publicly	ADV
gujaf-140	11	31	traded	trade	VERB
gujaf-140	11	32	pharmaceutical	pharmaceutical	ADJ
gujaf-140	11	33	companies	company	NOUN
gujaf-140	11	34	in	in	ADP
gujaf-140	11	35	nigeria	nigeria	PROPN
gujaf-140	11	36	since	since	SCONJ
gujaf-140	11	37	their	their	PRON
gujaf-140	11	38	participation	participation	NOUN
gujaf-140	11	39	does	do	AUX
gujaf-140	11	40	not	not	PART
gujaf-140	11	41	increase	increase	VERB
gujaf-140	11	42	profitability	profitability	NOUN
gujaf-140	11	43	.	.	PUNCT
gujaf-140	12	1	key	key	ADJ
gujaf-140	12	2	words	word	NOUN
gujaf-140	12	3	:	:	PUNCT
gujaf-140	12	4	board	board	NOUN
gujaf-140	12	5	structure	structure	NOUN
gujaf-140	12	6	,	,	PUNCT
gujaf-140	12	7	financial	financial	ADJ
gujaf-140	12	8	performance	performance	NOUN
gujaf-140	12	9	and	and	CCONJ
gujaf-140	12	10	firms	firm	NOUN
gujaf-140	12	11	1	1	NUM
gujaf-140	12	12	.	.	PUNCT
gujaf-140	13	1	introduction	introduction	NOUN
gujaf-140	13	2	mailto:ndayakohauwa@gmail.com	mailto:ndayakohauwa@gmail.com	X
gujaf-140	13	3	mailto:saasalimsuleiman@gmail.com	mailto:saasalimsuleiman@gmail.com	X
gujaf-140	14	1	2	2	NUM
gujaf-140	15	1	the	the	DET
gujaf-140	15	2	changing	change	VERB
gujaf-140	15	3	nature	nature	NOUN
gujaf-140	15	4	of	of	ADP
gujaf-140	15	5	the	the	DET
gujaf-140	15	6	economic	economic	ADJ
gujaf-140	15	7	environment	environment	NOUN
gujaf-140	15	8	in	in	ADP
gujaf-140	15	9	nigeria	nigeria	PROPN
gujaf-140	15	10	as	as	ADV
gujaf-140	15	11	well	well	ADV
gujaf-140	15	12	as	as	ADP
gujaf-140	15	13	the	the	DET
gujaf-140	15	14	rising	rise	VERB
gujaf-140	15	15	expectations	expectation	NOUN
gujaf-140	15	16	of	of	ADP
gujaf-140	15	17	stakeholders	stakeholder	NOUN
gujaf-140	15	18	for	for	ADP
gujaf-140	15	19	excellent	excellent	ADJ
gujaf-140	15	20	financial	financial	ADJ
gujaf-140	15	21	performance	performance	NOUN
gujaf-140	15	22	have	have	AUX
gujaf-140	15	23	led	lead	VERB
gujaf-140	15	24	to	to	ADP
gujaf-140	15	25	a	a	DET
gujaf-140	15	26	recent	recent	ADJ
gujaf-140	15	27	assessment	assessment	NOUN
gujaf-140	15	28	of	of	ADP
gujaf-140	15	29	the	the	DET
gujaf-140	15	30	structure	structure	NOUN
gujaf-140	15	31	of	of	ADP
gujaf-140	15	32	the	the	DET
gujaf-140	15	33	boards	board	NOUN
gujaf-140	15	34	of	of	ADP
gujaf-140	15	35	directors	director	NOUN
gujaf-140	15	36	of	of	ADP
gujaf-140	15	37	publicly	publicly	ADV
gujaf-140	15	38	listed	list	VERB
gujaf-140	15	39	firms	firm	NOUN
gujaf-140	15	40	in	in	ADP
gujaf-140	15	41	nigeria	nigeria	PROPN
gujaf-140	15	42	.	.	PUNCT
gujaf-140	16	1	these	these	DET
gujaf-140	16	2	elements	element	NOUN
gujaf-140	16	3	came	come	VERB
gujaf-140	16	4	together	together	ADV
gujaf-140	16	5	to	to	PART
gujaf-140	16	6	cause	cause	VERB
gujaf-140	16	7	the	the	DET
gujaf-140	16	8	review	review	NOUN
gujaf-140	16	9	.	.	PUNCT
gujaf-140	17	1	it	it	PRON
gujaf-140	17	2	was	be	AUX
gujaf-140	17	3	a	a	DET
gujaf-140	17	4	difficult	difficult	ADJ
gujaf-140	17	5	task	task	NOUN
gujaf-140	17	6	to	to	PART
gujaf-140	17	7	develop	develop	VERB
gujaf-140	17	8	a	a	DET
gujaf-140	17	9	board	board	NOUN
gujaf-140	17	10	structure	structure	NOUN
gujaf-140	17	11	formula	formula	NOUN
gujaf-140	17	12	that	that	PRON
gujaf-140	17	13	would	would	AUX
gujaf-140	17	14	guarantee	guarantee	VERB
gujaf-140	17	15	the	the	DET
gujaf-140	17	16	company	company	NOUN
gujaf-140	17	17	's	's	PART
gujaf-140	17	18	long	long	ADJ
gujaf-140	17	19	-	-	PUNCT
gujaf-140	17	20	term	term	NOUN
gujaf-140	17	21	success	success	NOUN
gujaf-140	17	22	in	in	ADP
gujaf-140	17	23	terms	term	NOUN
gujaf-140	17	24	of	of	ADP
gujaf-140	17	25	financial	financial	ADJ
gujaf-140	17	26	performance	performance	NOUN
gujaf-140	17	27	.	.	PUNCT
gujaf-140	18	1	this	this	DET
gujaf-140	18	2	study	study	NOUN
gujaf-140	18	3	tries	try	VERB
gujaf-140	18	4	to	to	PART
gujaf-140	18	5	determine	determine	VERB
gujaf-140	18	6	whether	whether	SCONJ
gujaf-140	18	7	or	or	CCONJ
gujaf-140	18	8	not	not	PART
gujaf-140	18	9	the	the	DET
gujaf-140	18	10	impact	impact	NOUN
gujaf-140	18	11	of	of	ADP
gujaf-140	18	12	board	board	NOUN
gujaf-140	18	13	structure	structure	NOUN
gujaf-140	18	14	on	on	ADP
gujaf-140	18	15	an	an	DET
gujaf-140	18	16	enterprise	enterprise	NOUN
gujaf-140	18	17	's	's	PART
gujaf-140	18	18	profitability	profitability	NOUN
gujaf-140	18	19	can	can	AUX
gujaf-140	18	20	be	be	AUX
gujaf-140	18	21	documented	document	VERB
gujaf-140	18	22	in	in	ADP
gujaf-140	18	23	a	a	DET
gujaf-140	18	24	way	way	NOUN
gujaf-140	18	25	that	that	PRON
gujaf-140	18	26	is	be	AUX
gujaf-140	18	27	consistent	consistent	ADJ
gujaf-140	18	28	with	with	ADP
gujaf-140	18	29	industry	industry	NOUN
gujaf-140	18	30	best	good	ADJ
gujaf-140	18	31	practices	practice	NOUN
gujaf-140	18	32	.	.	PUNCT
gujaf-140	19	1	in	in	ADP
gujaf-140	19	2	this	this	DET
gujaf-140	19	3	particular	particular	ADJ
gujaf-140	19	4	research	research	NOUN
gujaf-140	19	5	,	,	PUNCT
gujaf-140	19	6	this	this	DET
gujaf-140	19	7	question	question	NOUN
gujaf-140	19	8	will	will	AUX
gujaf-140	19	9	be	be	AUX
gujaf-140	19	10	specifically	specifically	ADV
gujaf-140	19	11	examined	examine	VERB
gujaf-140	19	12	.	.	PUNCT
gujaf-140	20	1	without	without	ADP
gujaf-140	20	2	a	a	DET
gujaf-140	20	3	question	question	NOUN
gujaf-140	20	4	,	,	PUNCT
gujaf-140	20	5	a	a	DET
gujaf-140	20	6	well	well	ADV
gujaf-140	20	7	-	-	PUNCT
gujaf-140	20	8	run	run	VERB
gujaf-140	20	9	and	and	CCONJ
gujaf-140	20	10	successful	successful	ADJ
gujaf-140	20	11	board	board	NOUN
gujaf-140	20	12	will	will	AUX
gujaf-140	20	13	need	need	VERB
gujaf-140	20	14	to	to	PART
gujaf-140	20	15	place	place	VERB
gujaf-140	20	16	a	a	DET
gujaf-140	20	17	strong	strong	ADJ
gujaf-140	20	18	focus	focus	NOUN
gujaf-140	20	19	on	on	ADP
gujaf-140	20	20	matters	matter	NOUN
gujaf-140	20	21	such	such	ADJ
gujaf-140	20	22	as	as	ADP
gujaf-140	20	23	duties	duty	NOUN
gujaf-140	20	24	,	,	PUNCT
gujaf-140	20	25	positions	position	NOUN
gujaf-140	20	26	,	,	PUNCT
gujaf-140	20	27	structures	structure	NOUN
gujaf-140	20	28	,	,	PUNCT
gujaf-140	20	29	and	and	CCONJ
gujaf-140	20	30	procedures	procedure	NOUN
gujaf-140	20	31	,	,	PUNCT
gujaf-140	20	32	as	as	ADV
gujaf-140	20	33	well	well	ADV
gujaf-140	20	34	as	as	ADP
gujaf-140	20	35	on	on	ADP
gujaf-140	20	36	the	the	DET
gujaf-140	20	37	qualifications	qualification	NOUN
gujaf-140	20	38	and	and	CCONJ
gujaf-140	20	39	talents	talent	NOUN
gujaf-140	20	40	of	of	ADP
gujaf-140	20	41	the	the	DET
gujaf-140	20	42	directors	director	NOUN
gujaf-140	20	43	(	(	PUNCT
gujaf-140	20	44	muller	muller	X
gujaf-140	20	45	et	et	PROPN
gujaf-140	20	46	al	al	PROPN
gujaf-140	20	47	.	.	PROPN
gujaf-140	20	48	,	,	PUNCT
gujaf-140	20	49	2014	2014	NUM
gujaf-140	20	50	)	)	PUNCT
gujaf-140	20	51	.	.	PUNCT
gujaf-140	21	1	brennan	brennan	PROPN
gujaf-140	21	2	(	(	PUNCT
gujaf-140	21	3	2012	2012	NUM
gujaf-140	21	4	)	)	PUNCT
gujaf-140	21	5	contends	contend	VERB
gujaf-140	21	6	that	that	SCONJ
gujaf-140	21	7	in	in	ADP
gujaf-140	21	8	order	order	NOUN
gujaf-140	21	9	to	to	PART
gujaf-140	21	10	address	address	VERB
gujaf-140	21	11	the	the	DET
gujaf-140	21	12	issue	issue	NOUN
gujaf-140	21	13	of	of	ADP
gujaf-140	21	14	agent	agent	NOUN
gujaf-140	21	15	and	and	CCONJ
gujaf-140	21	16	principal	principal	ADJ
gujaf-140	21	17	conflict	conflict	NOUN
gujaf-140	21	18	,	,	PUNCT
gujaf-140	21	19	the	the	DET
gujaf-140	21	20	corporate	corporate	ADJ
gujaf-140	21	21	board	board	NOUN
gujaf-140	21	22	of	of	ADP
gujaf-140	21	23	directors	director	NOUN
gujaf-140	21	24	should	should	AUX
gujaf-140	21	25	have	have	VERB
gujaf-140	21	26	a	a	DET
gujaf-140	21	27	significant	significant	ADJ
gujaf-140	21	28	role	role	NOUN
gujaf-140	21	29	in	in	ADP
gujaf-140	21	30	monitoring	monitoring	NOUN
gujaf-140	21	31	,	,	PUNCT
gujaf-140	21	32	supervising	supervise	VERB
gujaf-140	21	33	management	management	NOUN
gujaf-140	21	34	,	,	PUNCT
gujaf-140	21	35	and	and	CCONJ
gujaf-140	21	36	coordinating	coordinate	VERB
gujaf-140	21	37	the	the	DET
gujaf-140	21	38	goals	goal	NOUN
gujaf-140	21	39	of	of	ADP
gujaf-140	21	40	these	these	DET
gujaf-140	21	41	agents	agent	NOUN
gujaf-140	21	42	with	with	ADP
gujaf-140	21	43	the	the	DET
gujaf-140	21	44	interests	interest	NOUN
gujaf-140	21	45	of	of	ADP
gujaf-140	21	46	shareholders	shareholder	NOUN
gujaf-140	21	47	.	.	PUNCT
gujaf-140	22	1	the	the	DET
gujaf-140	22	2	foundation	foundation	NOUN
gujaf-140	22	3	of	of	ADP
gujaf-140	22	4	brennan	brennan	PROPN
gujaf-140	22	5	's	's	PART
gujaf-140	22	6	argument	argument	NOUN
gujaf-140	22	7	is	be	AUX
gujaf-140	22	8	the	the	DET
gujaf-140	22	9	fact	fact	NOUN
gujaf-140	22	10	that	that	SCONJ
gujaf-140	22	11	the	the	DET
gujaf-140	22	12	board	board	NOUN
gujaf-140	22	13	of	of	ADP
gujaf-140	22	14	directors	director	NOUN
gujaf-140	22	15	is	be	AUX
gujaf-140	22	16	in	in	ADP
gujaf-140	22	17	charge	charge	NOUN
gujaf-140	22	18	of	of	ADP
gujaf-140	22	19	the	the	DET
gujaf-140	22	20	general	general	ADJ
gujaf-140	22	21	management	management	NOUN
gujaf-140	22	22	of	of	ADP
gujaf-140	22	23	the	the	DET
gujaf-140	22	24	business	business	NOUN
gujaf-140	22	25	.	.	PUNCT
gujaf-140	23	1	additionally	additionally	ADV
gujaf-140	23	2	,	,	PUNCT
gujaf-140	23	3	it	it	PRON
gujaf-140	23	4	is	be	AUX
gujaf-140	23	5	in	in	ADP
gujaf-140	23	6	charge	charge	NOUN
gujaf-140	23	7	of	of	ADP
gujaf-140	23	8	approving	approve	VERB
gujaf-140	23	9	the	the	DET
gujaf-140	23	10	management	management	NOUN
gujaf-140	23	11	's	's	PART
gujaf-140	23	12	efforts	effort	NOUN
gujaf-140	23	13	once	once	SCONJ
gujaf-140	23	14	they	they	PRON
gujaf-140	23	15	have	have	AUX
gujaf-140	23	16	been	be	AUX
gujaf-140	23	17	thoroughly	thoroughly	ADV
gujaf-140	23	18	reviewed	review	VERB
gujaf-140	23	19	(	(	PUNCT
gujaf-140	23	20	jonsson	jonsson	NOUN
gujaf-140	23	21	,	,	PUNCT
gujaf-140	23	22	2005	2005	NUM
gujaf-140	23	23	)	)	PUNCT
gujaf-140	23	24	.	.	PUNCT
gujaf-140	24	1	the	the	DET
gujaf-140	24	2	cadbury	cadbury	PROPN
gujaf-140	24	3	report	report	NOUN
gujaf-140	24	4	,	,	PUNCT
gujaf-140	24	5	passed	pass	VERB
gujaf-140	24	6	in	in	ADP
gujaf-140	24	7	the	the	DET
gujaf-140	24	8	uk	uk	PROPN
gujaf-140	24	9	in	in	ADP
gujaf-140	24	10	1992	1992	NUM
gujaf-140	24	11	,	,	PUNCT
gujaf-140	24	12	the	the	DET
gujaf-140	24	13	higgs	higgs	PROPN
gujaf-140	24	14	report	report	PROPN
gujaf-140	24	15	,	,	PUNCT
gujaf-140	24	16	passed	pass	VERB
gujaf-140	24	17	in	in	ADP
gujaf-140	24	18	the	the	DET
gujaf-140	24	19	us	us	PROPN
gujaf-140	24	20	in	in	ADP
gujaf-140	24	21	2003	2003	NUM
gujaf-140	24	22	,	,	PUNCT
gujaf-140	24	23	and	and	CCONJ
gujaf-140	24	24	the	the	DET
gujaf-140	24	25	smith	smith	PROPN
gujaf-140	24	26	report	report	PROPN
gujaf-140	24	27	,	,	PUNCT
gujaf-140	24	28	passed	pass	VERB
gujaf-140	24	29	in	in	ADP
gujaf-140	24	30	the	the	DET
gujaf-140	24	31	uk	uk	PROPN
gujaf-140	24	32	in	in	ADP
gujaf-140	24	33	2003	2003	NUM
gujaf-140	24	34	were	be	AUX
gujaf-140	24	35	all	all	PRON
gujaf-140	24	36	attempts	attempt	NOUN
gujaf-140	24	37	to	to	PART
gujaf-140	24	38	ease	ease	VERB
gujaf-140	24	39	the	the	DET
gujaf-140	24	40	tension	tension	NOUN
gujaf-140	24	41	between	between	ADP
gujaf-140	24	42	agency	agency	NOUN
gujaf-140	24	43	theory	theory	NOUN
gujaf-140	24	44	and	and	CCONJ
gujaf-140	24	45	other	other	ADJ
gujaf-140	24	46	theories	theory	NOUN
gujaf-140	24	47	of	of	ADP
gujaf-140	24	48	corporate	corporate	ADJ
gujaf-140	24	49	governance	governance	NOUN
gujaf-140	24	50	.	.	PUNCT
gujaf-140	25	1	the	the	DET
gujaf-140	25	2	sarbanes	sarbanes	PROPN
gujaf-140	25	3	-	-	PUNCT
gujaf-140	25	4	oxley	oxley	PROPN
gujaf-140	25	5	act	act	NOUN
gujaf-140	25	6	,	,	PUNCT
gujaf-140	25	7	passed	pass	VERB
gujaf-140	25	8	in	in	ADP
gujaf-140	25	9	the	the	DET
gujaf-140	25	10	us	us	PROPN
gujaf-140	25	11	in	in	ADP
gujaf-140	25	12	2002	2002	NUM
gujaf-140	25	13	,	,	PUNCT
gujaf-140	25	14	the	the	DET
gujaf-140	25	15	cadbury	cadbury	PROPN
gujaf-140	25	16	report	report	NOUN
gujaf-140	25	17	,	,	PUNCT
gujaf-140	25	18	passed	pass	VERB
gujaf-140	25	19	in	in	ADP
gujaf-140	25	20	the	the	DET
gujaf-140	25	21	uk	uk	PROPN
gujaf-140	25	22	in	in	ADP
gujaf-140	25	23	1992	1992	NUM
gujaf-140	25	24	,	,	PUNCT
gujaf-140	25	25	the	the	DET
gujaf-140	25	26	higgs	higgs	PROPN
gujaf-140	25	27	report	report	PROPN
gujaf-140	25	28	,	,	PUNCT
gujaf-140	25	29	passed	pass	VERB
gujaf-140	25	30	in	in	ADP
gujaf-140	25	31	the	the	DET
gujaf-140	25	32	us	us	PROPN
gujaf-140	25	33	in	in	ADP
gujaf-140	25	34	2003	2003	NUM
gujaf-140	25	35	,	,	PUNCT
gujaf-140	25	36	and	and	CCONJ
gujaf-140	25	37	the	the	DET
gujaf-140	25	38	smith	smith	PROPN
gujaf-140	25	39	report	report	PROPN
gujaf-140	25	40	,	,	PUNCT
gujaf-140	25	41	passed	pass	VERB
gujaf-140	25	42	in	in	ADP
gujaf-140	25	43	the	the	DET
gujaf-140	25	44	uk	uk	PROPN
gujaf-140	25	45	in	in	ADP
gujaf-140	25	46	2003	2003	NUM
gujaf-140	25	47	.	.	PUNCT
gujaf-140	26	1	the	the	DET
gujaf-140	26	2	failures	failure	NOUN
gujaf-140	26	3	that	that	PRON
gujaf-140	26	4	followed	follow	VERB
gujaf-140	26	5	the	the	DET
gujaf-140	26	6	corporate	corporate	ADJ
gujaf-140	26	7	scandals	scandal	NOUN
gujaf-140	26	8	like	like	ADP
gujaf-140	26	9	enron	enron	PROPN
gujaf-140	26	10	,	,	PUNCT
gujaf-140	26	11	worldcom	worldcom	PROPN
gujaf-140	26	12	,	,	PUNCT
gujaf-140	26	13	and	and	CCONJ
gujaf-140	26	14	hih	hih	PROPN
gujaf-140	26	15	have	have	AUX
gujaf-140	26	16	raised	raise	VERB
gujaf-140	26	17	the	the	DET
gujaf-140	26	18	issue	issue	NOUN
gujaf-140	26	19	of	of	ADP
gujaf-140	26	20	whether	whether	SCONJ
gujaf-140	26	21	the	the	DET
gujaf-140	26	22	board	board	NOUN
gujaf-140	26	23	structure	structure	NOUN
gujaf-140	26	24	is	be	AUX
gujaf-140	26	25	the	the	DET
gujaf-140	26	26	most	most	ADV
gujaf-140	26	27	effective	effective	ADJ
gujaf-140	26	28	for	for	ADP
gujaf-140	26	29	monitoring	monitor	VERB
gujaf-140	26	30	how	how	SCONJ
gujaf-140	26	31	effectively	effectively	ADV
gujaf-140	26	32	managers	manager	NOUN
gujaf-140	26	33	are	be	AUX
gujaf-140	26	34	doing	do	VERB
gujaf-140	26	35	their	their	PRON
gujaf-140	26	36	duties	duty	NOUN
gujaf-140	26	37	(	(	PUNCT
gujaf-140	26	38	mizruchi	mizruchi	ADJ
gujaf-140	26	39	,	,	PUNCT
gujaf-140	26	40	2004	2004	NUM
gujaf-140	26	41	)	)	PUNCT
gujaf-140	26	42	.	.	PUNCT
gujaf-140	27	1	enron	enron	PROPN
gujaf-140	27	2	,	,	PUNCT
gujaf-140	27	3	worldcom	worldcom	PROPN
gujaf-140	27	4	,	,	PUNCT
gujaf-140	27	5	and	and	CCONJ
gujaf-140	27	6	hih	hih	PROPN
gujaf-140	27	7	's	's	PART
gujaf-140	27	8	boards	board	NOUN
gujaf-140	27	9	of	of	ADP
gujaf-140	27	10	directors	director	NOUN
gujaf-140	27	11	were	be	AUX
gujaf-140	27	12	all	all	ADV
gujaf-140	27	13	careless	careless	ADJ
gujaf-140	27	14	in	in	ADP
gujaf-140	27	15	their	their	PRON
gujaf-140	27	16	supervision	supervision	NOUN
gujaf-140	27	17	of	of	ADP
gujaf-140	27	18	questionable	questionable	ADJ
gujaf-140	27	19	accounting	accounting	NOUN
gujaf-140	27	20	procedures	procedure	NOUN
gujaf-140	27	21	used	use	VERB
gujaf-140	27	22	by	by	ADP
gujaf-140	27	23	the	the	DET
gujaf-140	27	24	management	management	NOUN
gujaf-140	27	25	of	of	ADP
gujaf-140	27	26	their	their	PRON
gujaf-140	27	27	respective	respective	ADJ
gujaf-140	27	28	firms	firm	NOUN
gujaf-140	27	29	(	(	PUNCT
gujaf-140	27	30	lawrence	lawrence	PROPN
gujaf-140	27	31	,	,	PUNCT
gujaf-140	27	32	2004	2004	NUM
gujaf-140	27	33	;	;	PUNCT
gujaf-140	27	34	solomon	solomon	PROPN
gujaf-140	27	35	,	,	PUNCT
gujaf-140	27	36	2007	2007	NUM
gujaf-140	27	37	)	)	PUNCT
gujaf-140	27	38	.	.	PUNCT
gujaf-140	28	1	many	many	ADJ
gujaf-140	28	2	countries	country	NOUN
gujaf-140	28	3	throughout	throughout	ADP
gujaf-140	28	4	the	the	DET
gujaf-140	28	5	globe	globe	NOUN
gujaf-140	28	6	,	,	PUNCT
gujaf-140	28	7	including	include	VERB
gujaf-140	28	8	nigeria	nigeria	PROPN
gujaf-140	28	9	,	,	PUNCT
gujaf-140	28	10	have	have	AUX
gujaf-140	28	11	lately	lately	ADV
gujaf-140	28	12	changed	change	VERB
gujaf-140	28	13	their	their	PRON
gujaf-140	28	14	corporate	corporate	ADJ
gujaf-140	28	15	governance	governance	NOUN
gujaf-140	28	16	structures	structure	NOUN
gujaf-140	28	17	as	as	ADP
gujaf-140	28	18	a	a	DET
gujaf-140	28	19	direct	direct	ADJ
gujaf-140	28	20	result	result	NOUN
gujaf-140	28	21	of	of	ADP
gujaf-140	28	22	this	this	PRON
gujaf-140	28	23	.	.	PUNCT
gujaf-140	29	1	in	in	ADP
gujaf-140	29	2	order	order	NOUN
gujaf-140	29	3	to	to	PART
gujaf-140	29	4	address	address	VERB
gujaf-140	29	5	the	the	DET
gujaf-140	29	6	issues	issue	NOUN
gujaf-140	29	7	listed	list	VERB
gujaf-140	29	8	below	below	ADV
gujaf-140	29	9	,	,	PUNCT
gujaf-140	29	10	the	the	DET
gujaf-140	29	11	nigerian	nigerian	ADJ
gujaf-140	29	12	securities	securities	PROPN
gujaf-140	29	13	and	and	CCONJ
gujaf-140	29	14	exchange	exchange	PROPN
gujaf-140	29	15	commission	commission	PROPN
gujaf-140	29	16	(	(	PUNCT
gujaf-140	29	17	sec	sec	PROPN
gujaf-140	29	18	)	)	PUNCT
gujaf-140	29	19	implemented	implement	VERB
gujaf-140	29	20	a	a	DET
gujaf-140	29	21	corporate	corporate	ADJ
gujaf-140	29	22	governance	governance	NOUN
gujaf-140	29	23	framework	framework	NOUN
gujaf-140	29	24	in	in	ADP
gujaf-140	29	25	2012	2012	NUM
gujaf-140	29	26	.	.	PUNCT
gujaf-140	30	1	it	it	PRON
gujaf-140	30	2	is	be	AUX
gujaf-140	30	3	commonly	commonly	ADV
gujaf-140	30	4	believed	believe	VERB
gujaf-140	30	5	that	that	SCONJ
gujaf-140	30	6	the	the	DET
gujaf-140	30	7	failure	failure	NOUN
gujaf-140	30	8	of	of	ADP
gujaf-140	30	9	various	various	ADJ
gujaf-140	30	10	financial	financial	ADJ
gujaf-140	30	11	institutions	institution	NOUN
gujaf-140	30	12	in	in	ADP
gujaf-140	30	13	nigeria	nigeria	PROPN
gujaf-140	30	14	was	be	AUX
gujaf-140	30	15	caused	cause	VERB
gujaf-140	30	16	by	by	ADP
gujaf-140	30	17	a	a	DET
gujaf-140	30	18	lack	lack	NOUN
gujaf-140	30	19	of	of	ADP
gujaf-140	30	20	corporate	corporate	ADJ
gujaf-140	30	21	governance	governance	NOUN
gujaf-140	30	22	codes	code	NOUN
gujaf-140	30	23	of	of	ADP
gujaf-140	30	24	conduct	conduct	NOUN
gujaf-140	30	25	,	,	PUNCT
gujaf-140	30	26	corruption	corruption	NOUN
gujaf-140	30	27	,	,	PUNCT
gujaf-140	30	28	and	and	CCONJ
gujaf-140	30	29	a	a	DET
gujaf-140	30	30	lack	lack	NOUN
gujaf-140	30	31	of	of	ADP
gujaf-140	30	32	transparency	transparency	NOUN
gujaf-140	30	33	in	in	ADP
gujaf-140	30	34	their	their	PRON
gujaf-140	30	35	operations	operation	NOUN
gujaf-140	30	36	(	(	PUNCT
gujaf-140	30	37	sanda	sanda	NOUN
gujaf-140	30	38	,	,	PUNCT
gujaf-140	30	39	et	et	PROPN
gujaf-140	30	40	al	al	PROPN
gujaf-140	30	41	.	.	PROPN
gujaf-140	30	42	,	,	PUNCT
gujaf-140	30	43	2005	2005	NUM
gujaf-140	30	44	)	)	PUNCT
gujaf-140	30	45	.	.	PUNCT
gujaf-140	31	1	a	a	DET
gujaf-140	31	2	significant	significant	ADJ
gujaf-140	31	3	absence	absence	NOUN
gujaf-140	31	4	of	of	ADP
gujaf-140	31	5	corporate	corporate	ADJ
gujaf-140	31	6	governance	governance	NOUN
gujaf-140	31	7	measures	measure	NOUN
gujaf-140	31	8	across	across	ADP
gujaf-140	31	9	the	the	DET
gujaf-140	31	10	nation	nation	NOUN
gujaf-140	31	11	has	have	AUX
gujaf-140	31	12	caused	cause	VERB
gujaf-140	31	13	shareholders	shareholder	NOUN
gujaf-140	31	14	'	'	PART
gujaf-140	31	15	3	3	NUM
gujaf-140	31	16	confidence	confidence	NOUN
gujaf-140	31	17	in	in	ADP
gujaf-140	31	18	publicly	publicly	ADV
gujaf-140	31	19	traded	trade	VERB
gujaf-140	31	20	corporations	corporation	NOUN
gujaf-140	31	21	to	to	PART
gujaf-140	31	22	completely	completely	ADV
gujaf-140	31	23	erode	erode	VERB
gujaf-140	31	24	.	.	PUNCT
gujaf-140	32	1	the	the	DET
gujaf-140	32	2	code	code	NOUN
gujaf-140	32	3	of	of	ADP
gujaf-140	32	4	best	good	ADJ
gujaf-140	32	5	practice	practice	NOUN
gujaf-140	32	6	in	in	ADP
gujaf-140	32	7	nigeria	nigeria	PROPN
gujaf-140	32	8	was	be	AUX
gujaf-140	32	9	created	create	VERB
gujaf-140	32	10	by	by	ADP
gujaf-140	32	11	the	the	DET
gujaf-140	32	12	nigerian	nigerian	ADJ
gujaf-140	32	13	securities	securities	PROPN
gujaf-140	32	14	and	and	CCONJ
gujaf-140	32	15	exchange	exchange	PROPN
gujaf-140	32	16	commission	commission	PROPN
gujaf-140	32	17	(	(	PUNCT
gujaf-140	32	18	sec	sec	PROPN
gujaf-140	32	19	)	)	PUNCT
gujaf-140	32	20	in	in	ADP
gujaf-140	32	21	an	an	DET
gujaf-140	32	22	effort	effort	NOUN
gujaf-140	32	23	to	to	PART
gujaf-140	32	24	regain	regain	VERB
gujaf-140	32	25	investors	investor	NOUN
gujaf-140	32	26	'	'	PART
gujaf-140	32	27	faith	faith	NOUN
gujaf-140	32	28	in	in	ADP
gujaf-140	32	29	the	the	DET
gujaf-140	32	30	nation	nation	NOUN
gujaf-140	32	31	's	's	PART
gujaf-140	32	32	capital	capital	NOUN
gujaf-140	32	33	markets	market	NOUN
gujaf-140	32	34	.	.	PUNCT
gujaf-140	33	1	in	in	ADP
gujaf-140	33	2	accordance	accordance	NOUN
gujaf-140	33	3	with	with	ADP
gujaf-140	33	4	this	this	DET
gujaf-140	33	5	code	code	NOUN
gujaf-140	33	6	of	of	ADP
gujaf-140	33	7	best	good	ADJ
gujaf-140	33	8	practice	practice	NOUN
gujaf-140	33	9	,	,	PUNCT
gujaf-140	33	10	shareholders	shareholder	NOUN
gujaf-140	33	11	have	have	AUX
gujaf-140	33	12	received	receive	VERB
gujaf-140	33	13	instructions	instruction	NOUN
gujaf-140	33	14	on	on	ADP
gujaf-140	33	15	the	the	DET
gujaf-140	33	16	corporate	corporate	ADJ
gujaf-140	33	17	governance	governance	NOUN
gujaf-140	33	18	principles	principle	NOUN
gujaf-140	33	19	that	that	PRON
gujaf-140	33	20	are	be	AUX
gujaf-140	33	21	intended	intend	VERB
gujaf-140	33	22	to	to	PART
gujaf-140	33	23	serve	serve	VERB
gujaf-140	33	24	their	their	PRON
gujaf-140	33	25	best	good	ADJ
gujaf-140	33	26	interests	interest	NOUN
gujaf-140	33	27	at	at	ADP
gujaf-140	33	28	all	all	DET
gujaf-140	33	29	times	time	NOUN
gujaf-140	33	30	.	.	PUNCT
gujaf-140	34	1	it	it	PRON
gujaf-140	34	2	assists	assist	VERB
gujaf-140	34	3	in	in	ADP
gujaf-140	34	4	preserving	preserve	VERB
gujaf-140	34	5	control	control	NOUN
gujaf-140	34	6	over	over	ADP
gujaf-140	34	7	the	the	DET
gujaf-140	34	8	board	board	NOUN
gujaf-140	34	9	's	's	PART
gujaf-140	34	10	performance	performance	NOUN
gujaf-140	34	11	throughout	throughout	ADP
gujaf-140	34	12	business	business	NOUN
gujaf-140	34	13	operations	operation	NOUN
gujaf-140	34	14	.	.	PUNCT
gujaf-140	35	1	fama	fama	PROPN
gujaf-140	35	2	and	and	CCONJ
gujaf-140	35	3	jensen	jensen	PROPN
gujaf-140	35	4	(	(	PUNCT
gujaf-140	35	5	1983	1983	NUM
gujaf-140	35	6	)	)	PUNCT
gujaf-140	35	7	assert	assert	VERB
gujaf-140	35	8	that	that	SCONJ
gujaf-140	35	9	the	the	DET
gujaf-140	35	10	board	board	NOUN
gujaf-140	35	11	of	of	ADP
gujaf-140	35	12	directors	director	NOUN
gujaf-140	35	13	'	'	PART
gujaf-140	35	14	primary	primary	ADJ
gujaf-140	35	15	responsibility	responsibility	NOUN
gujaf-140	35	16	is	be	AUX
gujaf-140	35	17	to	to	PART
gujaf-140	35	18	safeguard	safeguard	VERB
gujaf-140	35	19	the	the	DET
gujaf-140	35	20	interests	interest	NOUN
gujaf-140	35	21	of	of	ADP
gujaf-140	35	22	the	the	DET
gujaf-140	35	23	firm	firm	NOUN
gujaf-140	35	24	's	's	PART
gujaf-140	35	25	shareholders	shareholder	NOUN
gujaf-140	35	26	by	by	ADP
gujaf-140	35	27	closely	closely	ADV
gujaf-140	35	28	monitoring	monitor	VERB
gujaf-140	35	29	the	the	DET
gujaf-140	35	30	management	management	NOUN
gujaf-140	35	31	operations	operation	NOUN
gujaf-140	35	32	of	of	ADP
gujaf-140	35	33	the	the	DET
gujaf-140	35	34	company	company	NOUN
gujaf-140	35	35	.	.	PUNCT
gujaf-140	36	1	if	if	SCONJ
gujaf-140	36	2	one	one	PRON
gujaf-140	36	3	wants	want	VERB
gujaf-140	36	4	to	to	PART
gujaf-140	36	5	exert	exert	VERB
gujaf-140	36	6	effective	effective	ADJ
gujaf-140	36	7	control	control	NOUN
gujaf-140	36	8	over	over	ADP
gujaf-140	36	9	the	the	DET
gujaf-140	36	10	management	management	NOUN
gujaf-140	36	11	of	of	ADP
gujaf-140	36	12	the	the	DET
gujaf-140	36	13	firm	firm	NOUN
gujaf-140	36	14	,	,	PUNCT
gujaf-140	36	15	considering	consider	VERB
gujaf-140	36	16	the	the	DET
gujaf-140	36	17	board	board	NOUN
gujaf-140	36	18	of	of	ADP
gujaf-140	36	19	directors	director	NOUN
gujaf-140	36	20	'	'	PART
gujaf-140	36	21	makeup	makeup	NOUN
gujaf-140	36	22	is	be	AUX
gujaf-140	36	23	a	a	DET
gujaf-140	36	24	crucial	crucial	ADJ
gujaf-140	36	25	consideration	consideration	NOUN
gujaf-140	36	26	.	.	PUNCT
gujaf-140	37	1	the	the	DET
gujaf-140	37	2	idea	idea	NOUN
gujaf-140	37	3	that	that	SCONJ
gujaf-140	37	4	institutional	institutional	ADJ
gujaf-140	37	5	and	and	CCONJ
gujaf-140	37	6	non	non	ADJ
gujaf-140	37	7	-	-	ADJ
gujaf-140	37	8	executive	executive	ADJ
gujaf-140	37	9	directors	director	NOUN
gujaf-140	37	10	are	be	AUX
gujaf-140	37	11	better	well	ADJ
gujaf-140	37	12	at	at	ADP
gujaf-140	37	13	protecting	protect	VERB
gujaf-140	37	14	the	the	DET
gujaf-140	37	15	interests	interest	NOUN
gujaf-140	37	16	of	of	ADP
gujaf-140	37	17	shareholders	shareholder	NOUN
gujaf-140	37	18	than	than	ADP
gujaf-140	37	19	their	their	PRON
gujaf-140	37	20	executive	executive	ADJ
gujaf-140	37	21	counterparts	counterpart	NOUN
gujaf-140	37	22	is	be	AUX
gujaf-140	37	23	one	one	NUM
gujaf-140	37	24	that	that	PRON
gujaf-140	37	25	is	be	AUX
gujaf-140	37	26	often	often	ADV
gujaf-140	37	27	held	hold	VERB
gujaf-140	37	28	.	.	PUNCT
gujaf-140	38	1	according	accord	VERB
gujaf-140	38	2	to	to	ADP
gujaf-140	38	3	akpan	akpan	NOUN
gujaf-140	38	4	and	and	CCONJ
gujaf-140	38	5	amran	amran	ADJ
gujaf-140	38	6	(	(	PUNCT
gujaf-140	38	7	2014	2014	NUM
gujaf-140	38	8	)	)	PUNCT
gujaf-140	38	9	,	,	PUNCT
gujaf-140	38	10	the	the	DET
gujaf-140	38	11	involvement	involvement	NOUN
gujaf-140	38	12	of	of	ADP
gujaf-140	38	13	outside	outside	ADJ
gujaf-140	38	14	directors	director	NOUN
gujaf-140	38	15	in	in	ADP
gujaf-140	38	16	the	the	DET
gujaf-140	38	17	position	position	NOUN
gujaf-140	38	18	of	of	ADP
gujaf-140	38	19	professional	professional	ADJ
gujaf-140	38	20	referees	referee	NOUN
gujaf-140	38	21	raises	raise	VERB
gujaf-140	38	22	the	the	DET
gujaf-140	38	23	likelihood	likelihood	NOUN
gujaf-140	38	24	that	that	SCONJ
gujaf-140	38	25	the	the	DET
gujaf-140	38	26	board	board	NOUN
gujaf-140	38	27	will	will	AUX
gujaf-140	38	28	carry	carry	VERB
gujaf-140	38	29	out	out	ADP
gujaf-140	38	30	its	its	PRON
gujaf-140	38	31	oversight	oversight	NOUN
gujaf-140	38	32	function	function	NOUN
gujaf-140	38	33	and	and	CCONJ
gujaf-140	38	34	lowers	lower	VERB
gujaf-140	38	35	the	the	DET
gujaf-140	38	36	danger	danger	NOUN
gujaf-140	38	37	that	that	SCONJ
gujaf-140	38	38	top	top	ADJ
gujaf-140	38	39	management	management	NOUN
gujaf-140	38	40	may	may	AUX
gujaf-140	38	41	conspire	conspire	VERB
gujaf-140	38	42	with	with	ADP
gujaf-140	38	43	other	other	ADJ
gujaf-140	38	44	board	board	NOUN
gujaf-140	38	45	members	member	NOUN
gujaf-140	38	46	to	to	PART
gujaf-140	38	47	harm	harm	VERB
gujaf-140	38	48	shareholders	shareholder	NOUN
gujaf-140	38	49	'	'	PART
gujaf-140	38	50	interests	interest	NOUN
gujaf-140	38	51	.	.	PUNCT
gujaf-140	39	1	the	the	DET
gujaf-140	39	2	likelihood	likelihood	NOUN
gujaf-140	39	3	that	that	SCONJ
gujaf-140	39	4	the	the	DET
gujaf-140	39	5	board	board	NOUN
gujaf-140	39	6	will	will	AUX
gujaf-140	39	7	carry	carry	VERB
gujaf-140	39	8	out	out	ADP
gujaf-140	39	9	its	its	PRON
gujaf-140	39	10	control	control	NOUN
gujaf-140	39	11	function	function	NOUN
gujaf-140	39	12	is	be	AUX
gujaf-140	39	13	further	far	ADV
gujaf-140	39	14	increased	increase	VERB
gujaf-140	39	15	by	by	ADP
gujaf-140	39	16	the	the	DET
gujaf-140	39	17	involvement	involvement	NOUN
gujaf-140	39	18	of	of	ADP
gujaf-140	39	19	independent	independent	ADJ
gujaf-140	39	20	directors	director	NOUN
gujaf-140	39	21	who	who	PRON
gujaf-140	39	22	serve	serve	VERB
gujaf-140	39	23	as	as	ADP
gujaf-140	39	24	professional	professional	ADJ
gujaf-140	39	25	referees	referee	NOUN
gujaf-140	39	26	.	.	PUNCT
gujaf-140	40	1	therefore	therefore	ADV
gujaf-140	40	2	,	,	PUNCT
gujaf-140	40	3	it	it	PRON
gujaf-140	40	4	would	would	AUX
gujaf-140	40	5	be	be	AUX
gujaf-140	40	6	wise	wise	ADJ
gujaf-140	40	7	to	to	PART
gujaf-140	40	8	do	do	AUX
gujaf-140	40	9	study	study	VERB
gujaf-140	40	10	into	into	ADP
gujaf-140	40	11	how	how	SCONJ
gujaf-140	40	12	the	the	DET
gujaf-140	40	13	makeup	makeup	NOUN
gujaf-140	40	14	of	of	ADP
gujaf-140	40	15	boards	board	NOUN
gujaf-140	40	16	of	of	ADP
gujaf-140	40	17	directors	director	NOUN
gujaf-140	40	18	affects	affect	VERB
gujaf-140	40	19	the	the	DET
gujaf-140	40	20	profitability	profitability	NOUN
gujaf-140	40	21	of	of	ADP
gujaf-140	40	22	pharmaceutical	pharmaceutical	ADJ
gujaf-140	40	23	companies	company	NOUN
gujaf-140	40	24	in	in	ADP
gujaf-140	40	25	nigeria	nigeria	PROPN
gujaf-140	40	26	that	that	PRON
gujaf-140	40	27	are	be	AUX
gujaf-140	40	28	listed	list	VERB
gujaf-140	40	29	on	on	ADP
gujaf-140	40	30	stock	stock	NOUN
gujaf-140	40	31	exchanges	exchange	NOUN
gujaf-140	40	32	.	.	PUNCT
gujaf-140	41	1	this	this	DET
gujaf-140	41	2	research	research	NOUN
gujaf-140	41	3	will	will	AUX
gujaf-140	41	4	provide	provide	VERB
gujaf-140	41	5	empirical	empirical	ADJ
gujaf-140	41	6	proof	proof	NOUN
gujaf-140	41	7	to	to	PART
gujaf-140	41	8	resolve	resolve	VERB
gujaf-140	41	9	the	the	DET
gujaf-140	41	10	doubts	doubt	NOUN
gujaf-140	41	11	about	about	ADP
gujaf-140	41	12	directors	director	NOUN
gujaf-140	41	13	of	of	ADP
gujaf-140	41	14	publicly	publicly	ADV
gujaf-140	41	15	listed	list	VERB
gujaf-140	41	16	pharmaceutical	pharmaceutical	ADJ
gujaf-140	41	17	firms	firm	NOUN
gujaf-140	41	18	in	in	ADP
gujaf-140	41	19	nigeria	nigeria	PROPN
gujaf-140	41	20	being	be	AUX
gujaf-140	41	21	able	able	ADJ
gujaf-140	41	22	to	to	PART
gujaf-140	41	23	safeguard	safeguard	VERB
gujaf-140	41	24	stakeholders	stakeholder	NOUN
gujaf-140	41	25	'	'	PART
gujaf-140	41	26	interests	interest	NOUN
gujaf-140	41	27	by	by	ADP
gujaf-140	41	28	enhancing	enhance	VERB
gujaf-140	41	29	and	and	CCONJ
gujaf-140	41	30	raising	raise	VERB
gujaf-140	41	31	their	their	PRON
gujaf-140	41	32	profitability	profitability	NOUN
gujaf-140	41	33	(	(	PUNCT
gujaf-140	41	34	female	female	ADJ
gujaf-140	41	35	directors	director	NOUN
gujaf-140	41	36	,	,	PUNCT
gujaf-140	41	37	institutional	institutional	ADJ
gujaf-140	41	38	directors	director	NOUN
gujaf-140	41	39	,	,	PUNCT
gujaf-140	41	40	non	non	ADJ
gujaf-140	41	41	-	-	ADJ
gujaf-140	41	42	executive	executive	ADJ
gujaf-140	41	43	directors	director	NOUN
gujaf-140	41	44	,	,	PUNCT
gujaf-140	41	45	and	and	CCONJ
gujaf-140	41	46	board	board	NOUN
gujaf-140	41	47	size	size	NOUN
gujaf-140	41	48	)	)	PUNCT
gujaf-140	41	49	.	.	PUNCT
gujaf-140	42	1	the	the	DET
gujaf-140	42	2	goal	goal	NOUN
gujaf-140	42	3	of	of	ADP
gujaf-140	42	4	this	this	DET
gujaf-140	42	5	research	research	NOUN
gujaf-140	42	6	is	be	AUX
gujaf-140	42	7	to	to	PART
gujaf-140	42	8	find	find	VERB
gujaf-140	42	9	any	any	DET
gujaf-140	42	10	connections	connection	NOUN
gujaf-140	42	11	that	that	PRON
gujaf-140	42	12	could	could	AUX
gujaf-140	42	13	exist	exist	VERB
gujaf-140	42	14	between	between	ADP
gujaf-140	42	15	the	the	DET
gujaf-140	42	16	board	board	NOUN
gujaf-140	42	17	of	of	ADP
gujaf-140	42	18	directors	director	NOUN
gujaf-140	42	19	'	'	PART
gujaf-140	42	20	makeup	makeup	NOUN
gujaf-140	42	21	and	and	CCONJ
gujaf-140	42	22	the	the	DET
gujaf-140	42	23	financial	financial	ADJ
gujaf-140	42	24	success	success	NOUN
gujaf-140	42	25	of	of	ADP
gujaf-140	42	26	pharmaceutical	pharmaceutical	ADJ
gujaf-140	42	27	businesses	business	NOUN
gujaf-140	42	28	in	in	ADP
gujaf-140	42	29	nigeria	nigeria	PROPN
gujaf-140	42	30	,	,	PUNCT
gujaf-140	42	31	with	with	ADP
gujaf-140	42	32	an	an	DET
gujaf-140	42	33	emphasis	emphasis	NOUN
gujaf-140	42	34	on	on	ADP
gujaf-140	42	35	that	that	DET
gujaf-140	42	36	country	country	NOUN
gujaf-140	42	37	's	's	PART
gujaf-140	42	38	pharmaceutical	pharmaceutical	ADJ
gujaf-140	42	39	market	market	NOUN
gujaf-140	42	40	.	.	PUNCT
gujaf-140	43	1	the	the	DET
gujaf-140	43	2	major	major	ADJ
gujaf-140	43	3	emphasis	emphasis	NOUN
gujaf-140	43	4	of	of	ADP
gujaf-140	43	5	the	the	DET
gujaf-140	43	6	study	study	NOUN
gujaf-140	43	7	will	will	AUX
gujaf-140	43	8	be	be	AUX
gujaf-140	43	9	the	the	DET
gujaf-140	43	10	nigerian	nigerian	ADJ
gujaf-140	43	11	pharmaceutical	pharmaceutical	NOUN
gujaf-140	43	12	business	business	NOUN
gujaf-140	43	13	.	.	PUNCT
gujaf-140	44	1	the	the	DET
gujaf-140	44	2	pharmaceutical	pharmaceutical	ADJ
gujaf-140	44	3	firm	firm	NOUN
gujaf-140	44	4	was	be	AUX
gujaf-140	44	5	chosen	choose	VERB
gujaf-140	44	6	due	due	ADP
gujaf-140	44	7	to	to	ADP
gujaf-140	44	8	its	its	PRON
gujaf-140	44	9	distinctive	distinctive	ADJ
gujaf-140	44	10	features	feature	NOUN
gujaf-140	44	11	,	,	PUNCT
gujaf-140	44	12	such	such	ADJ
gujaf-140	44	13	as	as	ADP
gujaf-140	44	14	the	the	DET
gujaf-140	44	15	manufacture	manufacture	NOUN
gujaf-140	44	16	of	of	ADP
gujaf-140	44	17	a	a	DET
gujaf-140	44	18	broad	broad	ADJ
gujaf-140	44	19	range	range	NOUN
gujaf-140	44	20	of	of	ADP
gujaf-140	44	21	health	health	NOUN
gujaf-140	44	22	and	and	CCONJ
gujaf-140	44	23	food	food	NOUN
gujaf-140	44	24	supplement	supplement	NOUN
gujaf-140	44	25	items	item	NOUN
gujaf-140	44	26	,	,	PUNCT
gujaf-140	44	27	as	as	ADV
gujaf-140	44	28	well	well	ADV
gujaf-140	44	29	as	as	ADP
gujaf-140	44	30	the	the	DET
gujaf-140	44	31	fact	fact	NOUN
gujaf-140	44	32	that	that	SCONJ
gujaf-140	44	33	there	there	PRON
gujaf-140	44	34	are	be	VERB
gujaf-140	44	35	n't	not	PART
gujaf-140	44	36	many	many	ADJ
gujaf-140	44	37	studies	study	NOUN
gujaf-140	44	38	in	in	ADP
gujaf-140	44	39	this	this	DET
gujaf-140	44	40	field	field	NOUN
gujaf-140	44	41	of	of	ADP
gujaf-140	44	42	the	the	DET
gujaf-140	44	43	economy	economy	NOUN
gujaf-140	44	44	.	.	PUNCT
gujaf-140	45	1	these	these	DET
gujaf-140	45	2	elements	element	NOUN
gujaf-140	45	3	had	have	VERB
gujaf-140	45	4	a	a	DET
gujaf-140	45	5	role	role	NOUN
gujaf-140	45	6	in	in	ADP
gujaf-140	45	7	the	the	DET
gujaf-140	45	8	decision	decision	NOUN
gujaf-140	45	9	to	to	PART
gujaf-140	45	10	choose	choose	VERB
gujaf-140	45	11	the	the	DET
gujaf-140	45	12	corporation	corporation	NOUN
gujaf-140	45	13	as	as	ADP
gujaf-140	45	14	the	the	DET
gujaf-140	45	15	study	study	NOUN
gujaf-140	45	16	's	's	PART
gujaf-140	45	17	topic	topic	NOUN
gujaf-140	45	18	.	.	PUNCT
gujaf-140	46	1	along	along	ADP
gujaf-140	46	2	with	with	ADP
gujaf-140	46	3	the	the	DET
gujaf-140	46	4	requirements	requirement	NOUN
gujaf-140	46	5	established	establish	VERB
gujaf-140	46	6	by	by	ADP
gujaf-140	46	7	the	the	DET
gujaf-140	46	8	securities	securities	PROPN
gujaf-140	46	9	and	and	CCONJ
gujaf-140	46	10	exchange	exchange	PROPN
gujaf-140	46	11	commission	commission	PROPN
gujaf-140	46	12	,	,	PUNCT
gujaf-140	46	13	several	several	ADJ
gujaf-140	46	14	corporations	corporation	NOUN
gujaf-140	46	15	have	have	AUX
gujaf-140	46	16	proclaimed	proclaim	VERB
gujaf-140	46	17	the	the	DET
gujaf-140	46	18	profile	profile	NOUN
gujaf-140	46	19	qualities	quality	NOUN
gujaf-140	46	20	that	that	PRON
gujaf-140	46	21	are	be	AUX
gujaf-140	46	22	essential	essential	ADJ
gujaf-140	46	23	for	for	ADP
gujaf-140	46	24	their	their	PRON
gujaf-140	46	25	company	company	NOUN
gujaf-140	46	26	's	's	PART
gujaf-140	46	27	directors	director	NOUN
gujaf-140	46	28	(	(	PUNCT
gujaf-140	46	29	2012	2012	NUM
gujaf-140	46	30	)	)	PUNCT
gujaf-140	46	31	.	.	PUNCT
gujaf-140	47	1	it	it	PRON
gujaf-140	47	2	is	be	AUX
gujaf-140	47	3	vital	vital	ADJ
gujaf-140	47	4	to	to	PART
gujaf-140	47	5	establish	establish	VERB
gujaf-140	47	6	if	if	SCONJ
gujaf-140	47	7	the	the	DET
gujaf-140	47	8	4	4	NUM
gujaf-140	47	9	organizational	organizational	ADJ
gujaf-140	47	10	structure	structure	NOUN
gujaf-140	47	11	of	of	ADP
gujaf-140	47	12	the	the	DET
gujaf-140	47	13	board	board	NOUN
gujaf-140	47	14	of	of	ADP
gujaf-140	47	15	directors	director	NOUN
gujaf-140	47	16	has	have	VERB
gujaf-140	47	17	an	an	DET
gujaf-140	47	18	influence	influence	NOUN
gujaf-140	47	19	on	on	ADP
gujaf-140	47	20	the	the	DET
gujaf-140	47	21	amount	amount	NOUN
gujaf-140	47	22	of	of	ADP
gujaf-140	47	23	profit	profit	NOUN
gujaf-140	47	24	generated	generate	VERB
gujaf-140	47	25	by	by	ADP
gujaf-140	47	26	the	the	DET
gujaf-140	47	27	firm	firm	NOUN
gujaf-140	47	28	.	.	PUNCT
gujaf-140	48	1	according	accord	VERB
gujaf-140	48	2	to	to	ADP
gujaf-140	48	3	studies	study	NOUN
gujaf-140	48	4	,	,	PUNCT
gujaf-140	48	5	a	a	DET
gujaf-140	48	6	variety	variety	NOUN
gujaf-140	48	7	of	of	ADP
gujaf-140	48	8	criteria	criterion	NOUN
gujaf-140	48	9	,	,	PUNCT
gujaf-140	48	10	such	such	ADJ
gujaf-140	48	11	as	as	ADP
gujaf-140	48	12	board	board	NOUN
gujaf-140	48	13	size	size	NOUN
gujaf-140	48	14	,	,	PUNCT
gujaf-140	48	15	board	board	NOUN
gujaf-140	48	16	gender	gender	NOUN
gujaf-140	48	17	,	,	PUNCT
gujaf-140	48	18	ceo	ceo	NOUN
gujaf-140	48	19	duality	duality	NOUN
gujaf-140	48	20	,	,	PUNCT
gujaf-140	48	21	board	board	NOUN
gujaf-140	48	22	education	education	NOUN
gujaf-140	48	23	,	,	PUNCT
gujaf-140	48	24	board	board	NOUN
gujaf-140	48	25	experience	experience	NOUN
gujaf-140	48	26	,	,	PUNCT
gujaf-140	48	27	outside	outside	ADJ
gujaf-140	48	28	directors	director	NOUN
gujaf-140	48	29	,	,	PUNCT
gujaf-140	48	30	salary	salary	NOUN
gujaf-140	48	31	,	,	PUNCT
gujaf-140	48	32	and	and	CCONJ
gujaf-140	48	33	block	block	NOUN
gujaf-140	48	34	holders	holder	NOUN
gujaf-140	48	35	on	on	ADP
gujaf-140	48	36	the	the	DET
gujaf-140	48	37	board	board	NOUN
gujaf-140	48	38	of	of	ADP
gujaf-140	48	39	directors	director	NOUN
gujaf-140	48	40	(	(	PUNCT
gujaf-140	48	41	bod	bod	PROPN
gujaf-140	48	42	)	)	PUNCT
gujaf-140	48	43	,	,	PUNCT
gujaf-140	48	44	may	may	AUX
gujaf-140	48	45	be	be	AUX
gujaf-140	48	46	used	use	VERB
gujaf-140	48	47	to	to	PART
gujaf-140	48	48	evaluate	evaluate	VERB
gujaf-140	48	49	corporate	corporate	ADJ
gujaf-140	48	50	governance	governance	NOUN
gujaf-140	48	51	success	success	NOUN
gujaf-140	48	52	(	(	PUNCT
gujaf-140	48	53	vo	vo	X
gujaf-140	48	54	&	&	CCONJ
gujaf-140	48	55	phan	phan	PROPN
gujaf-140	48	56	,	,	PUNCT
gujaf-140	48	57	2013	2013	NUM
gujaf-140	48	58	)	)	PUNCT
gujaf-140	48	59	.	.	PUNCT
gujaf-140	49	1	several	several	ADJ
gujaf-140	49	2	studies	study	NOUN
gujaf-140	49	3	that	that	PRON
gujaf-140	49	4	examined	examine	VERB
gujaf-140	49	5	the	the	DET
gujaf-140	49	6	link	link	NOUN
gujaf-140	49	7	between	between	ADP
gujaf-140	49	8	board	board	NOUN
gujaf-140	49	9	structure	structure	NOUN
gujaf-140	49	10	,	,	PUNCT
gujaf-140	49	11	board	board	NOUN
gujaf-140	49	12	size	size	NOUN
gujaf-140	49	13	,	,	PUNCT
gujaf-140	49	14	and	and	CCONJ
gujaf-140	49	15	board	board	NOUN
gujaf-140	49	16	independence	independence	NOUN
gujaf-140	49	17	and	and	CCONJ
gujaf-140	49	18	company	company	NOUN
gujaf-140	49	19	performance	performance	NOUN
gujaf-140	49	20	found	find	VERB
gujaf-140	49	21	that	that	SCONJ
gujaf-140	49	22	each	each	PRON
gujaf-140	49	23	of	of	ADP
gujaf-140	49	24	these	these	DET
gujaf-140	49	25	criteria	criterion	NOUN
gujaf-140	49	26	had	have	VERB
gujaf-140	49	27	a	a	DET
gujaf-140	49	28	negative	negative	ADJ
gujaf-140	49	29	impact	impact	NOUN
gujaf-140	49	30	.	.	PUNCT
gujaf-140	50	1	many	many	ADJ
gujaf-140	50	2	studies	study	NOUN
gujaf-140	50	3	in	in	ADP
gujaf-140	50	4	nigeria	nigeria	PROPN
gujaf-140	50	5	,	,	PUNCT
gujaf-140	50	6	including	include	VERB
gujaf-140	50	7	ehikioya	ehikioya	PROPN
gujaf-140	50	8	(	(	PUNCT
gujaf-140	50	9	2009	2009	NUM
gujaf-140	50	10	)	)	PUNCT
gujaf-140	50	11	,	,	PUNCT
gujaf-140	50	12	kajola	kajola	PROPN
gujaf-140	50	13	et	et	PROPN
gujaf-140	50	14	al	al	PROPN
gujaf-140	50	15	.	.	PROPN
gujaf-140	50	16	,	,	PUNCT
gujaf-140	50	17	(	(	PUNCT
gujaf-140	50	18	2010	2010	NUM
gujaf-140	50	19	)	)	PUNCT
gujaf-140	50	20	,	,	PUNCT
gujaf-140	50	21	have	have	AUX
gujaf-140	50	22	led	lead	VERB
gujaf-140	50	23	researchers	researcher	NOUN
gujaf-140	50	24	to	to	ADP
gujaf-140	50	25	the	the	DET
gujaf-140	50	26	conclusion	conclusion	NOUN
gujaf-140	50	27	that	that	SCONJ
gujaf-140	50	28	(	(	PUNCT
gujaf-140	50	29	2011	2011	NUM
gujaf-140	50	30	)	)	PUNCT
gujaf-140	50	31	.	.	PUNCT
gujaf-140	51	1	this	this	DET
gujaf-140	51	2	research	research	NOUN
gujaf-140	51	3	employed	employ	VERB
gujaf-140	51	4	a	a	DET
gujaf-140	51	5	robust	robust	ADJ
gujaf-140	51	6	gls	gls	NOUN
gujaf-140	51	7	to	to	PART
gujaf-140	51	8	do	do	VERB
gujaf-140	51	9	this	this	PRON
gujaf-140	51	10	,	,	PUNCT
gujaf-140	51	11	as	as	ADP
gujaf-140	51	12	compared	compare	VERB
gujaf-140	51	13	to	to	ADP
gujaf-140	51	14	previous	previous	ADJ
gujaf-140	51	15	studies	study	NOUN
gujaf-140	51	16	,	,	PUNCT
gujaf-140	51	17	which	which	PRON
gujaf-140	51	18	evaluated	evaluate	VERB
gujaf-140	51	19	data	datum	NOUN
gujaf-140	51	20	using	use	VERB
gujaf-140	51	21	ols	ol	NOUN
gujaf-140	51	22	.	.	PUNCT
gujaf-140	52	1	the	the	DET
gujaf-140	52	2	purpose	purpose	NOUN
gujaf-140	52	3	of	of	ADP
gujaf-140	52	4	this	this	DET
gujaf-140	52	5	research	research	NOUN
gujaf-140	52	6	is	be	AUX
gujaf-140	52	7	to	to	PART
gujaf-140	52	8	look	look	VERB
gujaf-140	52	9	at	at	ADP
gujaf-140	52	10	the	the	DET
gujaf-140	52	11	elements	element	NOUN
gujaf-140	52	12	that	that	PRON
gujaf-140	52	13	influence	influence	VERB
gujaf-140	52	14	the	the	DET
gujaf-140	52	15	success	success	NOUN
gujaf-140	52	16	of	of	ADP
gujaf-140	52	17	publicly	publicly	ADV
gujaf-140	52	18	traded	trade	VERB
gujaf-140	52	19	pharmaceutical	pharmaceutical	ADJ
gujaf-140	52	20	companies	company	NOUN
gujaf-140	52	21	in	in	ADP
gujaf-140	52	22	nigeria	nigeria	PROPN
gujaf-140	52	23	,	,	PUNCT
gujaf-140	52	24	with	with	ADP
gujaf-140	52	25	an	an	DET
gujaf-140	52	26	emphasis	emphasis	NOUN
gujaf-140	52	27	on	on	ADP
gujaf-140	52	28	board	board	NOUN
gujaf-140	52	29	structure	structure	NOUN
gujaf-140	52	30	.	.	PUNCT
gujaf-140	53	1	the	the	DET
gujaf-140	53	2	most	most	ADV
gujaf-140	53	3	important	important	ADJ
gujaf-140	53	4	of	of	ADP
gujaf-140	53	5	them	they	PRON
gujaf-140	53	6	is	be	AUX
gujaf-140	53	7	that	that	SCONJ
gujaf-140	53	8	a	a	DET
gujaf-140	53	9	board	board	NOUN
gujaf-140	53	10	of	of	ADP
gujaf-140	53	11	directors	director	NOUN
gujaf-140	53	12	is	be	AUX
gujaf-140	53	13	critical	critical	ADJ
gujaf-140	53	14	for	for	ADP
gujaf-140	53	15	supervising	supervise	VERB
gujaf-140	53	16	and	and	CCONJ
gujaf-140	53	17	monitoring	monitor	VERB
gujaf-140	53	18	corporate	corporate	ADJ
gujaf-140	53	19	management	management	NOUN
gujaf-140	53	20	as	as	SCONJ
gujaf-140	53	21	they	they	PRON
gujaf-140	53	22	operate	operate	VERB
gujaf-140	53	23	their	their	PRON
gujaf-140	53	24	organization	organization	NOUN
gujaf-140	53	25	for	for	ADP
gujaf-140	53	26	the	the	DET
gujaf-140	53	27	benefit	benefit	NOUN
gujaf-140	53	28	of	of	ADP
gujaf-140	53	29	its	its	PRON
gujaf-140	53	30	owners	owner	NOUN
gujaf-140	53	31	,	,	PUNCT
gujaf-140	53	32	hence	hence	ADV
gujaf-140	53	33	board	board	NOUN
gujaf-140	53	34	member	member	NOUN
gujaf-140	53	35	selection	selection	NOUN
gujaf-140	53	36	is	be	AUX
gujaf-140	53	37	critical	critical	ADJ
gujaf-140	53	38	for	for	ADP
gujaf-140	53	39	a	a	DET
gujaf-140	53	40	number	number	NOUN
gujaf-140	53	41	of	of	ADP
gujaf-140	53	42	reasons	reason	NOUN
gujaf-140	53	43	(	(	PUNCT
gujaf-140	53	44	fama	fama	PROPN
gujaf-140	53	45	&	&	CCONJ
gujaf-140	53	46	jensen	jensen	PROPN
gujaf-140	53	47	,	,	PUNCT
gujaf-140	53	48	1983	1983	NUM
gujaf-140	53	49	)	)	PUNCT
gujaf-140	53	50	.	.	PUNCT
gujaf-140	54	1	the	the	DET
gujaf-140	54	2	primary	primary	ADJ
gujaf-140	54	3	issue	issue	NOUN
gujaf-140	54	4	raised	raise	VERB
gujaf-140	54	5	by	by	ADP
gujaf-140	54	6	the	the	DET
gujaf-140	54	7	research	research	NOUN
gujaf-140	54	8	's	's	PART
gujaf-140	54	9	results	result	NOUN
gujaf-140	54	10	is	be	AUX
gujaf-140	54	11	how	how	SCONJ
gujaf-140	54	12	much	much	ADJ
gujaf-140	54	13	the	the	DET
gujaf-140	54	14	profitability	profitability	NOUN
gujaf-140	54	15	of	of	ADP
gujaf-140	54	16	nigeria	nigeria	PROPN
gujaf-140	54	17	's	's	PART
gujaf-140	54	18	publicly	publicly	ADV
gujaf-140	54	19	traded	trade	VERB
gujaf-140	54	20	pharmaceutical	pharmaceutical	ADJ
gujaf-140	54	21	companies	company	NOUN
gujaf-140	54	22	is	be	AUX
gujaf-140	54	23	impacted	impact	VERB
gujaf-140	54	24	by	by	ADP
gujaf-140	54	25	all	all	PRON
gujaf-140	54	26	of	of	ADP
gujaf-140	54	27	the	the	DET
gujaf-140	54	28	proxy	proxy	ADJ
gujaf-140	54	29	factors	factor	NOUN
gujaf-140	54	30	that	that	PRON
gujaf-140	54	31	affect	affect	VERB
gujaf-140	54	32	board	board	NOUN
gujaf-140	54	33	composition	composition	NOUN
gujaf-140	54	34	.	.	PUNCT
gujaf-140	55	1	the	the	DET
gujaf-140	55	2	researchers	researcher	NOUN
gujaf-140	55	3	that	that	PRON
gujaf-140	55	4	took	take	VERB
gujaf-140	55	5	part	part	NOUN
gujaf-140	55	6	in	in	ADP
gujaf-140	55	7	this	this	DET
gujaf-140	55	8	study	study	NOUN
gujaf-140	55	9	posed	pose	VERB
gujaf-140	55	10	the	the	DET
gujaf-140	55	11	research	research	NOUN
gujaf-140	55	12	question	question	NOUN
gujaf-140	55	13	,	,	PUNCT
gujaf-140	55	14	"	"	PUNCT
gujaf-140	55	15	does	do	AUX
gujaf-140	55	16	the	the	DET
gujaf-140	55	17	board	board	NOUN
gujaf-140	55	18	structure	structure	NOUN
gujaf-140	55	19	of	of	ADP
gujaf-140	55	20	pharmaceutical	pharmaceutical	ADJ
gujaf-140	55	21	enterprises	enterprise	NOUN
gujaf-140	55	22	in	in	ADP
gujaf-140	55	23	nigeria	nigeria	PROPN
gujaf-140	55	24	have	have	VERB
gujaf-140	55	25	an	an	DET
gujaf-140	55	26	impact	impact	NOUN
gujaf-140	55	27	on	on	ADP
gujaf-140	55	28	the	the	DET
gujaf-140	55	29	financial	financial	ADJ
gujaf-140	55	30	success	success	NOUN
gujaf-140	55	31	of	of	ADP
gujaf-140	55	32	such	such	ADJ
gujaf-140	55	33	businesses	business	NOUN
gujaf-140	55	34	?	?	PUNCT
gujaf-140	55	35	"	"	PUNCT
gujaf-140	55	36	in	in	ADP
gujaf-140	55	37	light	light	NOUN
gujaf-140	55	38	of	of	ADP
gujaf-140	55	39	the	the	DET
gujaf-140	55	40	data	datum	NOUN
gujaf-140	55	41	supplied	supply	VERB
gujaf-140	55	42	in	in	ADP
gujaf-140	55	43	the	the	DET
gujaf-140	55	44	previous	previous	ADJ
gujaf-140	55	45	paragraphs	paragraph	NOUN
gujaf-140	55	46	.	.	PUNCT
gujaf-140	56	1	the	the	DET
gujaf-140	56	2	bulk	bulk	NOUN
gujaf-140	56	3	of	of	ADP
gujaf-140	56	4	empirical	empirical	ADJ
gujaf-140	56	5	research	research	NOUN
gujaf-140	56	6	on	on	ADP
gujaf-140	56	7	these	these	DET
gujaf-140	56	8	variables	variable	NOUN
gujaf-140	56	9	related	relate	VERB
gujaf-140	56	10	to	to	ADP
gujaf-140	56	11	board	board	NOUN
gujaf-140	56	12	composition	composition	NOUN
gujaf-140	56	13	and	and	CCONJ
gujaf-140	56	14	financial	financial	ADJ
gujaf-140	56	15	results	result	NOUN
gujaf-140	56	16	of	of	ADP
gujaf-140	56	17	pharmaceutical	pharmaceutical	ADJ
gujaf-140	56	18	companies	company	NOUN
gujaf-140	56	19	in	in	ADP
gujaf-140	56	20	nigeria	nigeria	PROPN
gujaf-140	56	21	has	have	AUX
gujaf-140	56	22	been	be	AUX
gujaf-140	56	23	small	small	ADJ
gujaf-140	56	24	and	and	CCONJ
gujaf-140	56	25	of	of	ADP
gujaf-140	56	26	narrow	narrow	ADJ
gujaf-140	56	27	scope	scope	NOUN
gujaf-140	56	28	.	.	PUNCT
gujaf-140	57	1	this	this	PRON
gujaf-140	57	2	is	be	AUX
gujaf-140	57	3	due	due	ADJ
gujaf-140	57	4	to	to	ADP
gujaf-140	57	5	the	the	DET
gujaf-140	57	6	way	way	NOUN
gujaf-140	57	7	in	in	ADP
gujaf-140	57	8	which	which	PRON
gujaf-140	57	9	the	the	DET
gujaf-140	57	10	study	study	NOUN
gujaf-140	57	11	has	have	AUX
gujaf-140	57	12	been	be	AUX
gujaf-140	57	13	done	do	VERB
gujaf-140	57	14	.	.	PUNCT
gujaf-140	58	1	the	the	DET
gujaf-140	58	2	motivation	motivation	NOUN
gujaf-140	58	3	for	for	ADP
gujaf-140	58	4	the	the	DET
gujaf-140	58	5	present	present	ADJ
gujaf-140	58	6	study	study	NOUN
gujaf-140	58	7	,	,	PUNCT
gujaf-140	58	8	which	which	PRON
gujaf-140	58	9	seeks	seek	VERB
gujaf-140	58	10	to	to	PART
gujaf-140	58	11	fill	fill	VERB
gujaf-140	58	12	it	it	PRON
gujaf-140	58	13	,	,	PUNCT
gujaf-140	58	14	came	come	VERB
gujaf-140	58	15	from	from	ADP
gujaf-140	58	16	this	this	DET
gujaf-140	58	17	gap	gap	NOUN
gujaf-140	58	18	.	.	PUNCT
gujaf-140	59	1	hence	hence	ADV
gujaf-140	59	2	,	,	PUNCT
gujaf-140	59	3	the	the	DET
gujaf-140	59	4	following	follow	VERB
gujaf-140	59	5	null	null	ADJ
gujaf-140	59	6	hypotheses	hypothesis	NOUN
gujaf-140	59	7	were	be	AUX
gujaf-140	59	8	formulated	formulate	VERB
gujaf-140	59	9	in	in	ADP
gujaf-140	59	10	concurrence	concurrence	NOUN
gujaf-140	59	11	with	with	ADP
gujaf-140	59	12	the	the	DET
gujaf-140	59	13	above	above	ADV
gujaf-140	59	14	set	set	VERB
gujaf-140	59	15	out	out	ADP
gujaf-140	59	16	specific	specific	ADJ
gujaf-140	59	17	objectives	objective	NOUN
gujaf-140	59	18	of	of	ADP
gujaf-140	59	19	the	the	DET
gujaf-140	59	20	study	study	NOUN
gujaf-140	59	21	to	to	PART
gujaf-140	59	22	test	test	NOUN
gujaf-140	59	23	board	board	NOUN
gujaf-140	59	24	structure	structure	NOUN
gujaf-140	59	25	and	and	CCONJ
gujaf-140	59	26	financial	financial	ADJ
gujaf-140	59	27	performance	performance	NOUN
gujaf-140	59	28	of	of	ADP
gujaf-140	59	29	listed	list	VERB
gujaf-140	59	30	pharmaceutical	pharmaceutical	ADJ
gujaf-140	59	31	firms	firm	NOUN
gujaf-140	59	32	in	in	ADP
gujaf-140	59	33	nigerian	nigerian	PROPN
gujaf-140	59	34	.	.	PUNCT
gujaf-140	60	1	h01	h01	PROPN
gujaf-140	60	2	female	female	ADJ
gujaf-140	60	3	director	director	NOUN
gujaf-140	60	4	(	(	PUNCT
gujaf-140	60	5	fd	fd	PROPN
gujaf-140	60	6	)	)	PUNCT
gujaf-140	60	7	has	have	VERB
gujaf-140	60	8	no	no	DET
gujaf-140	60	9	significant	significant	ADJ
gujaf-140	60	10	impact	impact	NOUN
gujaf-140	60	11	on	on	ADP
gujaf-140	60	12	profitability	profitability	NOUN
gujaf-140	60	13	of	of	ADP
gujaf-140	60	14	listed	list	VERB
gujaf-140	60	15	pharmaceutical	pharmaceutical	ADJ
gujaf-140	60	16	firms	firm	NOUN
gujaf-140	60	17	in	in	ADP
gujaf-140	60	18	nigeria	nigeria	PROPN
gujaf-140	60	19	h02	h02	PROPN
gujaf-140	60	20	institutional	institutional	ADJ
gujaf-140	60	21	director	director	NOUN
gujaf-140	60	22	(	(	PUNCT
gujaf-140	60	23	insd	insd	ADV
gujaf-140	60	24	)	)	PUNCT
gujaf-140	60	25	has	have	VERB
gujaf-140	60	26	no	no	DET
gujaf-140	60	27	significant	significant	ADJ
gujaf-140	60	28	effect	effect	NOUN
gujaf-140	60	29	on	on	ADP
gujaf-140	60	30	profitability	profitability	NOUN
gujaf-140	60	31	of	of	ADP
gujaf-140	60	32	listed	list	VERB
gujaf-140	60	33	pharmaceutical	pharmaceutical	ADJ
gujaf-140	60	34	firms	firm	NOUN
gujaf-140	60	35	in	in	ADP
gujaf-140	60	36	nigeria	nigeria	PROPN
gujaf-140	60	37	h03	h03	PROPN
gujaf-140	60	38	non	non	ADJ
gujaf-140	60	39	-	-	ADJ
gujaf-140	60	40	executive	executive	ADJ
gujaf-140	60	41	directors	director	NOUN
gujaf-140	60	42	(	(	PUNCT
gujaf-140	60	43	nexd	nexd	PROPN
gujaf-140	60	44	)	)	PUNCT
gujaf-140	60	45	has	have	VERB
gujaf-140	60	46	no	no	DET
gujaf-140	60	47	significant	significant	ADJ
gujaf-140	60	48	effect	effect	NOUN
gujaf-140	60	49	on	on	ADP
gujaf-140	60	50	profitability	profitability	NOUN
gujaf-140	60	51	of	of	ADP
gujaf-140	60	52	listed	list	VERB
gujaf-140	60	53	pharmaceutical	pharmaceutical	ADJ
gujaf-140	60	54	firms	firm	NOUN
gujaf-140	60	55	in	in	ADP
gujaf-140	60	56	nigeria	nigeria	PROPN
gujaf-140	60	57	h04	h04	PROPN
gujaf-140	60	58	board	board	PROPN
gujaf-140	60	59	size	size	NOUN
gujaf-140	60	60	(	(	PUNCT
gujaf-140	60	61	bsz	bsz	NOUN
gujaf-140	60	62	)	)	PUNCT
gujaf-140	60	63	has	have	VERB
gujaf-140	60	64	no	no	DET
gujaf-140	60	65	significant	significant	ADJ
gujaf-140	60	66	effect	effect	NOUN
gujaf-140	60	67	on	on	ADP
gujaf-140	60	68	profitability	profitability	NOUN
gujaf-140	60	69	of	of	ADP
gujaf-140	60	70	listed	list	VERB
gujaf-140	60	71	pharmaceutical	pharmaceutical	ADJ
gujaf-140	60	72	firms	firm	NOUN
gujaf-140	60	73	in	in	ADP
gujaf-140	60	74	nigeria	nigeria	PROPN
gujaf-140	60	75	5	5	NUM
gujaf-140	60	76	it	it	PRON
gujaf-140	60	77	adds	add	VERB
gujaf-140	60	78	to	to	ADP
gujaf-140	60	79	the	the	DET
gujaf-140	60	80	corpus	corpus	NOUN
gujaf-140	60	81	of	of	ADP
gujaf-140	60	82	knowledge	knowledge	NOUN
gujaf-140	60	83	by	by	ADP
gujaf-140	60	84	making	make	VERB
gujaf-140	60	85	accessible	accessible	ADJ
gujaf-140	60	86	previously	previously	ADV
gujaf-140	60	87	unavailable	unavailable	ADJ
gujaf-140	60	88	real	real	ADJ
gujaf-140	60	89	data	datum	NOUN
gujaf-140	60	90	on	on	ADP
gujaf-140	60	91	the	the	DET
gujaf-140	60	92	correlation	correlation	NOUN
gujaf-140	60	93	between	between	ADP
gujaf-140	60	94	corporate	corporate	ADJ
gujaf-140	60	95	performance	performance	NOUN
gujaf-140	60	96	and	and	CCONJ
gujaf-140	60	97	board	board	NOUN
gujaf-140	60	98	structure	structure	NOUN
gujaf-140	60	99	of	of	ADP
gujaf-140	60	100	publicly	publicly	ADV
gujaf-140	60	101	listed	list	VERB
gujaf-140	60	102	pharmaceutical	pharmaceutical	ADJ
gujaf-140	60	103	enterprises	enterprise	NOUN
gujaf-140	60	104	in	in	ADP
gujaf-140	60	105	nigeria	nigeria	PROPN
gujaf-140	60	106	.	.	PUNCT
gujaf-140	61	1	the	the	DET
gujaf-140	61	2	pharmaceutical	pharmaceutical	ADJ
gujaf-140	61	3	enterprises	enterprise	NOUN
gujaf-140	61	4	in	in	ADP
gujaf-140	61	5	nigeria	nigeria	PROPN
gujaf-140	61	6	.	.	PUNCT
gujaf-140	62	1	firms	firm	NOUN
gujaf-140	62	2	are	be	AUX
gujaf-140	62	3	regulated	regulate	VERB
gujaf-140	62	4	by	by	ADP
gujaf-140	62	5	additional	additional	ADJ
gujaf-140	62	6	bodies	body	NOUN
gujaf-140	62	7	such	such	ADJ
gujaf-140	62	8	as	as	ADP
gujaf-140	62	9	the	the	DET
gujaf-140	62	10	national	national	ADJ
gujaf-140	62	11	agency	agency	NOUN
gujaf-140	62	12	for	for	ADP
gujaf-140	62	13	food	food	NOUN
gujaf-140	62	14	and	and	CCONJ
gujaf-140	62	15	drug	drug	NOUN
gujaf-140	62	16	administration	administration	NOUN
gujaf-140	62	17	and	and	CCONJ
gujaf-140	62	18	control	control	NOUN
gujaf-140	62	19	and	and	CCONJ
gujaf-140	62	20	the	the	DET
gujaf-140	62	21	nigerian	nigerian	ADJ
gujaf-140	62	22	drug	drug	NOUN
gujaf-140	62	23	law	law	PROPN
gujaf-140	62	24	enforcement	enforcement	NOUN
gujaf-140	62	25	agency	agency	NOUN
gujaf-140	62	26	,	,	PUNCT
gujaf-140	62	27	which	which	PRON
gujaf-140	62	28	make	make	VERB
gujaf-140	62	29	the	the	DET
gujaf-140	62	30	sector	sector	NOUN
gujaf-140	62	31	distinct	distinct	ADJ
gujaf-140	62	32	from	from	ADP
gujaf-140	62	33	the	the	DET
gujaf-140	62	34	other	other	ADJ
gujaf-140	62	35	firms	firm	NOUN
gujaf-140	62	36	in	in	ADP
gujaf-140	62	37	the	the	DET
gujaf-140	62	38	manufacturing	manufacturing	NOUN
gujaf-140	62	39	sector	sector	NOUN
gujaf-140	62	40	.	.	PUNCT
gujaf-140	63	1	this	this	PRON
gujaf-140	63	2	makes	make	VERB
gujaf-140	63	3	the	the	DET
gujaf-140	63	4	finding	finding	NOUN
gujaf-140	63	5	of	of	ADP
gujaf-140	63	6	studies	study	NOUN
gujaf-140	63	7	from	from	ADP
gujaf-140	63	8	other	other	ADJ
gujaf-140	63	9	sectors	sector	NOUN
gujaf-140	63	10	hardly	hardly	ADV
gujaf-140	63	11	applicable	applicable	ADJ
gujaf-140	63	12	to	to	ADP
gujaf-140	63	13	the	the	DET
gujaf-140	63	14	pharmaceutical	pharmaceutical	ADJ
gujaf-140	63	15	enterprises	enterprise	NOUN
gujaf-140	63	16	in	in	ADP
gujaf-140	63	17	nigeria	nigeria	PROPN
gujaf-140	63	18	because	because	SCONJ
gujaf-140	63	19	of	of	ADP
gujaf-140	63	20	the	the	DET
gujaf-140	63	21	difference	difference	NOUN
gujaf-140	63	22	in	in	ADP
gujaf-140	63	23	regulation	regulation	NOUN
gujaf-140	63	24	and	and	CCONJ
gujaf-140	63	25	business	business	NOUN
gujaf-140	63	26	environment	environment	NOUN
gujaf-140	63	27	such	such	ADJ
gujaf-140	63	28	as	as	ADP
gujaf-140	63	29	risk	risk	NOUN
gujaf-140	63	30	and	and	CCONJ
gujaf-140	63	31	uncertainties	uncertainty	NOUN
gujaf-140	63	32	.	.	PUNCT
gujaf-140	64	1	second	second	ADJ
gujaf-140	64	2	,	,	PUNCT
gujaf-140	64	3	it	it	PRON
gujaf-140	64	4	enhances	enhance	VERB
gujaf-140	64	5	the	the	DET
gujaf-140	64	6	framework	framework	NOUN
gujaf-140	64	7	by	by	ADP
gujaf-140	64	8	include	include	VERB
gujaf-140	64	9	institutional	institutional	ADJ
gujaf-140	64	10	directors	director	NOUN
gujaf-140	64	11	and	and	CCONJ
gujaf-140	64	12	female	female	ADJ
gujaf-140	64	13	directors	director	NOUN
gujaf-140	64	14	as	as	ADP
gujaf-140	64	15	indicators	indicator	NOUN
gujaf-140	64	16	of	of	ADP
gujaf-140	64	17	the	the	DET
gujaf-140	64	18	composition	composition	NOUN
gujaf-140	64	19	of	of	ADP
gujaf-140	64	20	the	the	DET
gujaf-140	64	21	board	board	NOUN
gujaf-140	64	22	of	of	ADP
gujaf-140	64	23	directors	director	NOUN
gujaf-140	64	24	.	.	PUNCT
gujaf-140	65	1	the	the	DET
gujaf-140	65	2	securities	securities	PROPN
gujaf-140	65	3	and	and	CCONJ
gujaf-140	65	4	exchange	exchange	PROPN
gujaf-140	65	5	commission	commission	PROPN
gujaf-140	65	6	(	(	PUNCT
gujaf-140	65	7	sec	sec	PROPN
gujaf-140	65	8	)	)	PUNCT
gujaf-140	65	9	,	,	PUNCT
gujaf-140	65	10	the	the	DET
gujaf-140	65	11	nigerian	nigerian	ADJ
gujaf-140	65	12	stock	stock	NOUN
gujaf-140	65	13	exchange	exchange	PROPN
gujaf-140	65	14	(	(	PUNCT
gujaf-140	65	15	nse	nse	NOUN
gujaf-140	65	16	)	)	PUNCT
gujaf-140	65	17	,	,	PUNCT
gujaf-140	65	18	and	and	CCONJ
gujaf-140	65	19	other	other	ADJ
gujaf-140	65	20	players	player	NOUN
gujaf-140	65	21	in	in	ADP
gujaf-140	65	22	the	the	DET
gujaf-140	65	23	pharmaceutical	pharmaceutical	ADJ
gujaf-140	65	24	business	business	NOUN
gujaf-140	65	25	will	will	AUX
gujaf-140	65	26	all	all	ADV
gujaf-140	65	27	find	find	VERB
gujaf-140	65	28	use	use	NOUN
gujaf-140	65	29	for	for	ADP
gujaf-140	65	30	the	the	DET
gujaf-140	65	31	findings	finding	NOUN
gujaf-140	65	32	of	of	ADP
gujaf-140	65	33	this	this	DET
gujaf-140	65	34	study	study	NOUN
gujaf-140	65	35	in	in	ADP
gujaf-140	65	36	formulating	formulate	VERB
gujaf-140	65	37	policy	policy	NOUN
gujaf-140	65	38	.	.	PUNCT
gujaf-140	66	1	for	for	ADP
gujaf-140	66	2	students	student	NOUN
gujaf-140	66	3	who	who	PRON
gujaf-140	66	4	want	want	VERB
gujaf-140	66	5	to	to	PART
gujaf-140	66	6	do	do	VERB
gujaf-140	66	7	more	more	ADJ
gujaf-140	66	8	study	study	NOUN
gujaf-140	66	9	on	on	ADP
gujaf-140	66	10	the	the	DET
gujaf-140	66	11	subject	subject	NOUN
gujaf-140	66	12	or	or	CCONJ
gujaf-140	66	13	a	a	DET
gujaf-140	66	14	related	related	ADJ
gujaf-140	66	15	industry	industry	NOUN
gujaf-140	66	16	,	,	PUNCT
gujaf-140	66	17	the	the	DET
gujaf-140	66	18	book	book	NOUN
gujaf-140	66	19	is	be	AUX
gujaf-140	66	20	a	a	DET
gujaf-140	66	21	useful	useful	ADJ
gujaf-140	66	22	source	source	NOUN
gujaf-140	66	23	of	of	ADP
gujaf-140	66	24	reference	reference	NOUN
gujaf-140	66	25	information	information	NOUN
gujaf-140	66	26	.	.	PUNCT
gujaf-140	67	1	over	over	ADP
gujaf-140	67	2	a	a	DET
gujaf-140	67	3	decade	decade	NOUN
gujaf-140	67	4	was	be	AUX
gujaf-140	67	5	spent	spend	VERB
gujaf-140	67	6	on	on	ADP
gujaf-140	67	7	the	the	DET
gujaf-140	67	8	research	research	NOUN
gujaf-140	67	9	(	(	PUNCT
gujaf-140	67	10	2005	2005	NUM
gujaf-140	67	11	-	-	SYM
gujaf-140	67	12	2020	2020	NUM
gujaf-140	67	13	)	)	PUNCT
gujaf-140	67	14	.	.	PUNCT
gujaf-140	68	1	there	there	PRON
gujaf-140	68	2	are	be	VERB
gujaf-140	68	3	four	four	NUM
gujaf-140	68	4	sections	section	NOUN
gujaf-140	68	5	:	:	PUNCT
gujaf-140	68	6	a	a	DET
gujaf-140	68	7	discussion	discussion	NOUN
gujaf-140	68	8	of	of	ADP
gujaf-140	68	9	the	the	DET
gujaf-140	68	10	literature	literature	NOUN
gujaf-140	68	11	review	review	PROPN
gujaf-140	68	12	and	and	CCONJ
gujaf-140	68	13	theoretical	theoretical	ADJ
gujaf-140	68	14	framework	framework	NOUN
gujaf-140	68	15	;	;	PUNCT
gujaf-140	68	16	a	a	DET
gujaf-140	68	17	description	description	NOUN
gujaf-140	68	18	of	of	ADP
gujaf-140	68	19	the	the	DET
gujaf-140	68	20	research	research	NOUN
gujaf-140	68	21	technique	technique	NOUN
gujaf-140	68	22	and	and	CCONJ
gujaf-140	68	23	model	model	NOUN
gujaf-140	68	24	;	;	PUNCT
gujaf-140	68	25	results	result	NOUN
gujaf-140	68	26	and	and	CCONJ
gujaf-140	68	27	discussions	discussion	NOUN
gujaf-140	68	28	;	;	PUNCT
gujaf-140	68	29	and	and	CCONJ
gujaf-140	68	30	a	a	DET
gujaf-140	68	31	conclusion	conclusion	NOUN
gujaf-140	68	32	and	and	CCONJ
gujaf-140	68	33	recommendations	recommendation	NOUN
gujaf-140	68	34	section	section	NOUN
gujaf-140	68	35	.	.	PUNCT
gujaf-140	69	1	2	2	X
gujaf-140	69	2	.	.	X
gujaf-140	69	3	review	review	NOUN
gujaf-140	69	4	of	of	ADP
gujaf-140	69	5	empirical	empirical	ADJ
gujaf-140	69	6	studies	study	NOUN
gujaf-140	69	7	insiders	insider	NOUN
gujaf-140	69	8	and	and	CCONJ
gujaf-140	69	9	outsiders	outsider	NOUN
gujaf-140	69	10	’	’	PART
gujaf-140	69	11	directors	director	NOUN
gujaf-140	69	12	'	'	PART
gujaf-140	69	13	duties	duty	NOUN
gujaf-140	69	14	are	be	AUX
gujaf-140	69	15	modelled	model	VERB
gujaf-140	69	16	in	in	ADP
gujaf-140	69	17	raheja	raheja	PROPN
gujaf-140	69	18	(	(	PUNCT
gujaf-140	69	19	2005	2005	NUM
gujaf-140	69	20	)	)	PUNCT
gujaf-140	69	21	's	's	PART
gujaf-140	69	22	theoretical	theoretical	ADJ
gujaf-140	69	23	model	model	NOUN
gujaf-140	69	24	of	of	ADP
gujaf-140	69	25	board	board	NOUN
gujaf-140	69	26	structure	structure	NOUN
gujaf-140	69	27	.	.	PUNCT
gujaf-140	70	1	while	while	SCONJ
gujaf-140	70	2	insiders	insider	NOUN
gujaf-140	70	3	may	may	AUX
gujaf-140	70	4	be	be	AUX
gujaf-140	70	5	a	a	DET
gujaf-140	70	6	valuable	valuable	ADJ
gujaf-140	70	7	source	source	NOUN
gujaf-140	70	8	of	of	ADP
gujaf-140	70	9	information	information	NOUN
gujaf-140	70	10	for	for	ADP
gujaf-140	70	11	the	the	DET
gujaf-140	70	12	board	board	NOUN
gujaf-140	70	13	,	,	PUNCT
gujaf-140	70	14	they	they	PRON
gujaf-140	70	15	may	may	AUX
gujaf-140	70	16	be	be	AUX
gujaf-140	70	17	influenced	influence	VERB
gujaf-140	70	18	by	by	ADP
gujaf-140	70	19	personal	personal	ADJ
gujaf-140	70	20	benefits	benefit	NOUN
gujaf-140	70	21	and	and	CCONJ
gujaf-140	70	22	lack	lack	NOUN
gujaf-140	70	23	of	of	ADP
gujaf-140	70	24	independence	independence	NOUN
gujaf-140	70	25	from	from	ADP
gujaf-140	70	26	the	the	DET
gujaf-140	70	27	ceo	ceo	NOUN
gujaf-140	70	28	.	.	PUNCT
gujaf-140	71	1	independent	independent	ADJ
gujaf-140	71	2	of	of	ADP
gujaf-140	71	3	the	the	DET
gujaf-140	71	4	company	company	NOUN
gujaf-140	71	5	,	,	PUNCT
gujaf-140	71	6	outsiders	outsider	NOUN
gujaf-140	71	7	provide	provide	VERB
gujaf-140	71	8	greater	great	ADJ
gujaf-140	71	9	monitoring	monitoring	NOUN
gujaf-140	71	10	than	than	ADP
gujaf-140	71	11	insiders	insider	NOUN
gujaf-140	71	12	,	,	PUNCT
gujaf-140	71	13	although	although	SCONJ
gujaf-140	71	14	they	they	PRON
gujaf-140	71	15	are	be	AUX
gujaf-140	71	16	less	less	ADV
gujaf-140	71	17	aware	aware	ADJ
gujaf-140	71	18	of	of	ADP
gujaf-140	71	19	the	the	DET
gujaf-140	71	20	company	company	NOUN
gujaf-140	71	21	's	's	PART
gujaf-140	71	22	restrictions	restriction	NOUN
gujaf-140	71	23	and	and	CCONJ
gujaf-140	71	24	prospects	prospect	NOUN
gujaf-140	71	25	.	.	PUNCT
gujaf-140	72	1	connell	connell	PROPN
gujaf-140	72	2	and	and	CCONJ
gujaf-140	72	3	cramer	cramer	PROPN
gujaf-140	72	4	(	(	PUNCT
gujaf-140	72	5	2010	2010	NUM
gujaf-140	72	6	)	)	PUNCT
gujaf-140	72	7	,	,	PUNCT
gujaf-140	72	8	kyereboah	kyereboah	NOUN
gujaf-140	72	9	and	and	CCONJ
gujaf-140	72	10	coleman	coleman	PROPN
gujaf-140	72	11	(	(	PUNCT
gujaf-140	72	12	2007	2007	NUM
gujaf-140	72	13	)	)	PUNCT
gujaf-140	72	14	,	,	PUNCT
gujaf-140	72	15	mashayekhi	mashayekhi	PROPN
gujaf-140	72	16	and	and	CCONJ
gujaf-140	72	17	bazaz	bazaz	PROPN
gujaf-140	72	18	(	(	PUNCT
gujaf-140	72	19	2008	2008	NUM
gujaf-140	72	20	)	)	PUNCT
gujaf-140	72	21	,	,	PUNCT
gujaf-140	72	22	sanda	sanda	NOUN
gujaf-140	72	23	,	,	PUNCT
gujaf-140	72	24	et	et	PROPN
gujaf-140	72	25	al	al	PROPN
gujaf-140	72	26	.	.	PROPN
gujaf-140	72	27	,	,	PUNCT
gujaf-140	72	28	(	(	PUNCT
gujaf-140	72	29	2007	2007	NUM
gujaf-140	72	30	)	)	PUNCT
gujaf-140	72	31	and	and	CCONJ
gujaf-140	72	32	uadiale	uadiale	NOUN
gujaf-140	72	33	(	(	PUNCT
gujaf-140	72	34	2007	2007	NUM
gujaf-140	72	35	)	)	PUNCT
gujaf-140	72	36	all	all	PRON
gujaf-140	72	37	came	come	VERB
gujaf-140	72	38	to	to	ADP
gujaf-140	72	39	the	the	DET
gujaf-140	72	40	conclusion	conclusion	NOUN
gujaf-140	72	41	that	that	SCONJ
gujaf-140	72	42	there	there	PRON
gujaf-140	72	43	is	be	VERB
gujaf-140	72	44	a	a	DET
gujaf-140	72	45	connection	connection	NOUN
gujaf-140	72	46	between	between	ADP
gujaf-140	72	47	the	the	DET
gujaf-140	72	48	performance	performance	NOUN
gujaf-140	72	49	of	of	ADP
gujaf-140	72	50	an	an	DET
gujaf-140	72	51	organization	organization	NOUN
gujaf-140	72	52	and	and	CCONJ
gujaf-140	72	53	its	its	PRON
gujaf-140	72	54	board	board	NOUN
gujaf-140	72	55	of	of	ADP
gujaf-140	72	56	directors	director	NOUN
gujaf-140	72	57	.	.	PUNCT
gujaf-140	73	1	bhagat	bhagat	PROPN
gujaf-140	73	2	and	and	CCONJ
gujaf-140	73	3	black	black	ADJ
gujaf-140	73	4	provided	provide	VERB
gujaf-140	73	5	an	an	DET
gujaf-140	73	6	explanation	explanation	NOUN
gujaf-140	73	7	for	for	ADP
gujaf-140	73	8	the	the	DET
gujaf-140	73	9	unfavorable	unfavorable	ADJ
gujaf-140	73	10	link	link	NOUN
gujaf-140	73	11	that	that	PRON
gujaf-140	73	12	exists	exist	VERB
gujaf-140	73	13	between	between	ADP
gujaf-140	73	14	non	non	ADJ
gujaf-140	73	15	-	-	ADJ
gujaf-140	73	16	executive	executive	ADJ
gujaf-140	73	17	directors	director	NOUN
gujaf-140	73	18	(	(	PUNCT
gujaf-140	73	19	ned	ned	PROPN
gujaf-140	73	20	)	)	PUNCT
gujaf-140	73	21	and	and	CCONJ
gujaf-140	73	22	the	the	DET
gujaf-140	73	23	success	success	NOUN
gujaf-140	73	24	of	of	ADP
gujaf-140	73	25	the	the	DET
gujaf-140	73	26	company	company	NOUN
gujaf-140	73	27	(	(	PUNCT
gujaf-140	73	28	1999	1999	NUM
gujaf-140	73	29	)	)	PUNCT
gujaf-140	73	30	.	.	PUNCT
gujaf-140	74	1	whilst	whilst	SCONJ
gujaf-140	74	2	research	research	NOUN
gujaf-140	74	3	conducted	conduct	VERB
gujaf-140	74	4	by	by	ADP
gujaf-140	74	5	ponnu	ponnu	NOUN
gujaf-140	74	6	(	(	PUNCT
gujaf-140	74	7	2008	2008	NUM
gujaf-140	74	8	)	)	PUNCT
gujaf-140	74	9	;	;	PUNCT
gujaf-140	74	10	rashid	rashid	PROPN
gujaf-140	74	11	et	et	PROPN
gujaf-140	74	12	al	al	PROPN
gujaf-140	74	13	.	.	PROPN
gujaf-140	74	14	,	,	PUNCT
gujaf-140	74	15	(	(	PUNCT
gujaf-140	74	16	2010	2010	NUM
gujaf-140	74	17	)	)	PUNCT
gujaf-140	74	18	revealed	reveal	VERB
gujaf-140	74	19	no	no	DET
gujaf-140	74	20	evidence	evidence	NOUN
gujaf-140	74	21	of	of	ADP
gujaf-140	74	22	a	a	DET
gujaf-140	74	23	substantial	substantial	ADJ
gujaf-140	74	24	connection	connection	NOUN
gujaf-140	74	25	between	between	ADP
gujaf-140	74	26	nonexecutive	nonexecutive	ADJ
gujaf-140	74	27	directors	director	NOUN
gujaf-140	74	28	(	(	PUNCT
gujaf-140	74	29	ned	ned	ADJ
gujaf-140	74	30	)	)	PUNCT
gujaf-140	74	31	and	and	CCONJ
gujaf-140	74	32	corporate	corporate	ADJ
gujaf-140	74	33	performance	performance	NOUN
gujaf-140	74	34	.	.	PUNCT
gujaf-140	75	1	6	6	NUM
gujaf-140	75	2	using	use	VERB
gujaf-140	75	3	a	a	DET
gujaf-140	75	4	pattern	pattern	NOUN
gujaf-140	75	5	of	of	ADP
gujaf-140	75	6	american	american	ADJ
gujaf-140	75	7	listed	list	VERB
gujaf-140	75	8	firms	firm	NOUN
gujaf-140	75	9	yermack	yermack	NOUN
gujaf-140	75	10	(	(	PUNCT
gujaf-140	75	11	1996	1996	NUM
gujaf-140	75	12	)	)	PUNCT
gujaf-140	75	13	here	here	ADV
gujaf-140	75	14	came	come	VERB
gujaf-140	75	15	to	to	ADP
gujaf-140	75	16	the	the	DET
gujaf-140	75	17	realization	realization	NOUN
gujaf-140	75	18	that	that	SCONJ
gujaf-140	75	19	having	have	VERB
gujaf-140	75	20	small	small	ADJ
gujaf-140	75	21	boards	board	NOUN
gujaf-140	75	22	of	of	ADP
gujaf-140	75	23	directors	director	NOUN
gujaf-140	75	24	improves	improve	VERB
gujaf-140	75	25	the	the	DET
gujaf-140	75	26	overall	overall	ADJ
gujaf-140	75	27	performance	performance	NOUN
gujaf-140	75	28	of	of	ADP
gujaf-140	75	29	the	the	DET
gujaf-140	75	30	organization	organization	NOUN
gujaf-140	75	31	,	,	PUNCT
gujaf-140	75	32	positively	positively	ADV
gujaf-140	75	33	affects	affect	VERB
gujaf-140	75	34	the	the	DET
gujaf-140	75	35	behaviour	behaviour	NOUN
gujaf-140	75	36	of	of	ADP
gujaf-140	75	37	investors	investor	NOUN
gujaf-140	75	38	,	,	PUNCT
gujaf-140	75	39	and	and	CCONJ
gujaf-140	75	40	has	have	VERB
gujaf-140	75	41	upward	upward	ADJ
gujaf-140	75	42	consequences	consequence	NOUN
gujaf-140	75	43	in	in	ADP
gujaf-140	75	44	the	the	DET
gujaf-140	75	45	value	value	NOUN
gujaf-140	75	46	of	of	ADP
gujaf-140	75	47	the	the	DET
gujaf-140	75	48	enterprise	enterprise	NOUN
gujaf-140	75	49	.	.	PUNCT
gujaf-140	76	1	jensen	jensen	PROPN
gujaf-140	76	2	(	(	PUNCT
gujaf-140	76	3	1993	1993	NUM
gujaf-140	76	4	)	)	PUNCT
gujaf-140	76	5	made	make	VERB
gujaf-140	76	6	a	a	DET
gujaf-140	76	7	similar	similar	ADJ
gujaf-140	76	8	point	point	NOUN
gujaf-140	76	9	,	,	PUNCT
gujaf-140	76	10	arguing	argue	VERB
gujaf-140	76	11	that	that	SCONJ
gujaf-140	76	12	large	large	ADJ
gujaf-140	76	13	board	board	NOUN
gujaf-140	76	14	size	size	NOUN
gujaf-140	76	15	can	can	AUX
gujaf-140	76	16	be	be	AUX
gujaf-140	76	17	less	less	ADV
gujaf-140	76	18	successful	successful	ADJ
gujaf-140	76	19	than	than	ADP
gujaf-140	76	20	small	small	ADJ
gujaf-140	76	21	board	board	NOUN
gujaf-140	76	22	size	size	NOUN
gujaf-140	76	23	.	.	PUNCT
gujaf-140	77	1	the	the	DET
gujaf-140	77	2	premise	premise	NOUN
gujaf-140	77	3	at	at	ADP
gujaf-140	77	4	the	the	DET
gujaf-140	77	5	back	back	NOUN
gujaf-140	77	6	of	of	ADP
gujaf-140	77	7	this	this	PRON
gujaf-140	77	8	is	be	AUX
gujaf-140	77	9	that	that	SCONJ
gujaf-140	77	10	when	when	SCONJ
gujaf-140	77	11	forums	forum	NOUN
gujaf-140	77	12	get	get	VERB
gujaf-140	77	13	too	too	ADV
gujaf-140	77	14	large	large	ADJ
gujaf-140	77	15	,	,	PUNCT
gujaf-140	77	16	the	the	DET
gujaf-140	77	17	board	board	NOUN
gujaf-140	77	18	's	's	PART
gujaf-140	77	19	organization	organization	NOUN
gujaf-140	77	20	problems	problem	NOUN
gujaf-140	77	21	run	run	VERB
gujaf-140	77	22	upward	upward	ADV
gujaf-140	77	23	,	,	PUNCT
gujaf-140	77	24	and	and	CCONJ
gujaf-140	77	25	the	the	DET
gujaf-140	77	26	board	board	NOUN
gujaf-140	77	27	itself	itself	PRON
gujaf-140	77	28	will	will	AUX
gujaf-140	77	29	symbolically	symbolically	ADV
gujaf-140	77	30	become	become	VERB
gujaf-140	77	31	much	much	ADV
gujaf-140	77	32	larger	large	ADJ
gujaf-140	77	33	and	and	CCONJ
gujaf-140	77	34	less	less	ADJ
gujaf-140	77	35	of	of	ADP
gujaf-140	77	36	a	a	DET
gujaf-140	77	37	part	part	NOUN
gujaf-140	77	38	of	of	ADP
gujaf-140	77	39	the	the	DET
gujaf-140	77	40	control	control	NOUN
gujaf-140	77	41	process	process	NOUN
gujaf-140	77	42	.	.	PUNCT
gujaf-140	78	1	bozeman	bozeman	PROPN
gujaf-140	78	2	and	and	CCONJ
gujaf-140	78	3	daniel	daniel	PROPN
gujaf-140	78	4	(	(	PUNCT
gujaf-140	78	5	2005	2005	NUM
gujaf-140	78	6	)	)	PUNCT
gujaf-140	78	7	and	and	CCONJ
gujaf-140	78	8	hanifa	hanifa	PROPN
gujaf-140	78	9	and	and	CCONJ
gujaf-140	78	10	hodeib	hodeib	PROPN
gujaf-140	78	11	(	(	PUNCT
gujaf-140	78	12	2012	2012	NUM
gujaf-140	78	13	)	)	PUNCT
gujaf-140	78	14	determined	determine	VERB
gujaf-140	78	15	that	that	SCONJ
gujaf-140	78	16	there	there	PRON
gujaf-140	78	17	is	be	VERB
gujaf-140	78	18	an	an	DET
gujaf-140	78	19	inverse	inverse	NOUN
gujaf-140	78	20	relationship	relationship	NOUN
gujaf-140	78	21	between	between	ADP
gujaf-140	78	22	board	board	NOUN
gujaf-140	78	23	dimensions	dimension	NOUN
gujaf-140	78	24	and	and	CCONJ
gujaf-140	78	25	organizational	organizational	ADJ
gujaf-140	78	26	achievement	achievement	NOUN
gujaf-140	78	27	.	.	PUNCT
gujaf-140	79	1	on	on	ADP
gujaf-140	79	2	the	the	DET
gujaf-140	79	3	other	other	ADJ
gujaf-140	79	4	hand	hand	NOUN
gujaf-140	79	5	,	,	PUNCT
gujaf-140	79	6	studies	study	NOUN
gujaf-140	79	7	conducted	conduct	VERB
gujaf-140	79	8	by	by	ADP
gujaf-140	79	9	means	mean	NOUN
gujaf-140	79	10	of	of	ADP
gujaf-140	79	11	adams	adam	NOUN
gujaf-140	79	12	and	and	CCONJ
gujaf-140	79	13	mahran	mahran	NOUN
gujaf-140	79	14	(	(	PUNCT
gujaf-140	79	15	2008	2008	NUM
gujaf-140	79	16	)	)	PUNCT
gujaf-140	79	17	as	as	ADV
gujaf-140	79	18	well	well	ADV
gujaf-140	79	19	as	as	ADP
gujaf-140	79	20	studies	study	NOUN
gujaf-140	79	21	conducted	conduct	VERB
gujaf-140	79	22	by	by	ADP
gujaf-140	79	23	means	mean	NOUN
gujaf-140	79	24	of	of	ADP
gujaf-140	79	25	richner	richner	NOUN
gujaf-140	79	26	and	and	CCONJ
gujaf-140	79	27	dalton	dalton	PROPN
gujaf-140	79	28	(	(	PUNCT
gujaf-140	79	29	1991	1991	NUM
gujaf-140	79	30	)	)	PUNCT
gujaf-140	79	31	have	have	AUX
gujaf-140	79	32	identified	identify	VERB
gujaf-140	79	33	an	an	DET
gujaf-140	79	34	effective	effective	ADJ
gujaf-140	79	35	affiliation	affiliation	NOUN
gujaf-140	79	36	between	between	ADP
gujaf-140	79	37	the	the	DET
gujaf-140	79	38	dimensions	dimension	NOUN
gujaf-140	79	39	of	of	ADP
gujaf-140	79	40	the	the	DET
gujaf-140	79	41	board	board	NOUN
gujaf-140	79	42	of	of	ADP
gujaf-140	79	43	directors	director	NOUN
gujaf-140	79	44	and	and	CCONJ
gujaf-140	79	45	corporate	corporate	ADJ
gujaf-140	79	46	realization	realization	NOUN
gujaf-140	79	47	.	.	PUNCT
gujaf-140	80	1	the	the	DET
gujaf-140	80	2	organization	organization	NOUN
gujaf-140	80	3	's	's	PART
gujaf-140	80	4	speculation	speculation	NOUN
gujaf-140	80	5	served	serve	VERB
gujaf-140	80	6	as	as	ADP
gujaf-140	80	7	the	the	DET
gujaf-140	80	8	inspiration	inspiration	NOUN
gujaf-140	80	9	for	for	ADP
gujaf-140	80	10	this	this	DET
gujaf-140	80	11	investigation	investigation	NOUN
gujaf-140	80	12	.	.	PUNCT
gujaf-140	81	1	it	it	PRON
gujaf-140	81	2	involves	involve	VERB
gujaf-140	81	3	an	an	DET
gujaf-140	81	4	agreement	agreement	NOUN
gujaf-140	81	5	where	where	SCONJ
gujaf-140	81	6	the	the	DET
gujaf-140	81	7	principal	principal	NOUN
gujaf-140	81	8	(	(	PUNCT
gujaf-140	81	9	owners	owner	NOUN
gujaf-140	81	10	)	)	PUNCT
gujaf-140	81	11	engage	engage	VERB
gujaf-140	81	12	the	the	DET
gujaf-140	81	13	agent(s	agent(s	PROPN
gujaf-140	81	14	)	)	PUNCT
gujaf-140	81	15	to	to	PART
gujaf-140	81	16	adopt	adopt	VERB
gujaf-140	81	17	specific	specific	ADJ
gujaf-140	81	18	offerings	offering	NOUN
gujaf-140	81	19	on	on	ADP
gujaf-140	81	20	their	their	PRON
gujaf-140	81	21	behalf	behalf	NOUN
gujaf-140	81	22	,	,	PUNCT
gujaf-140	81	23	and	and	CCONJ
gujaf-140	81	24	the	the	DET
gujaf-140	81	25	principals	principal	NOUN
gujaf-140	81	26	are	be	AUX
gujaf-140	81	27	responsible	responsible	ADJ
gujaf-140	81	28	for	for	ADP
gujaf-140	81	29	the	the	DET
gujaf-140	81	30	depreciation	depreciation	NOUN
gujaf-140	81	31	of	of	ADP
gujaf-140	81	32	those	those	DET
gujaf-140	81	33	offerings	offering	NOUN
gujaf-140	81	34	(	(	PUNCT
gujaf-140	81	35	jensen	jensen	PROPN
gujaf-140	81	36	and	and	CCONJ
gujaf-140	81	37	meckling	meckling	NOUN
gujaf-140	81	38	,	,	PUNCT
gujaf-140	81	39	1976	1976	NUM
gujaf-140	81	40	)	)	PUNCT
gujaf-140	81	41	.	.	PUNCT
gujaf-140	82	1	in	in	ADP
gujaf-140	82	2	the	the	DET
gujaf-140	82	3	current	current	ADJ
gujaf-140	82	4	corporate	corporate	ADJ
gujaf-140	82	5	world	world	NOUN
gujaf-140	82	6	,	,	PUNCT
gujaf-140	82	7	the	the	DET
gujaf-140	82	8	shareholders	shareholder	NOUN
gujaf-140	82	9	,	,	PUNCT
gujaf-140	82	10	who	who	PRON
gujaf-140	82	11	are	be	AUX
gujaf-140	82	12	the	the	DET
gujaf-140	82	13	true	true	ADJ
gujaf-140	82	14	owners	owner	NOUN
gujaf-140	82	15	of	of	ADP
gujaf-140	82	16	the	the	DET
gujaf-140	82	17	company	company	NOUN
gujaf-140	82	18	,	,	PUNCT
gujaf-140	82	19	act	act	VERB
gujaf-140	82	20	chiefly	chiefly	ADV
gujaf-140	82	21	,	,	PUNCT
gujaf-140	82	22	even	even	ADV
gujaf-140	82	23	when	when	SCONJ
gujaf-140	82	24	the	the	DET
gujaf-140	82	25	control	control	NOUN
gujaf-140	82	26	of	of	ADP
gujaf-140	82	27	the	the	DET
gujaf-140	82	28	organization	organization	NOUN
gujaf-140	82	29	operates	operate	VERB
gujaf-140	82	30	within	within	ADP
gujaf-140	82	31	the	the	DET
gujaf-140	82	32	function	function	NOUN
gujaf-140	82	33	of	of	ADP
gujaf-140	82	34	the	the	DET
gujaf-140	82	35	agents	agent	NOUN
gujaf-140	82	36	.	.	PUNCT
gujaf-140	83	1	brennan	brennan	PROPN
gujaf-140	83	2	(	(	PUNCT
gujaf-140	83	3	1995	1995	NUM
gujaf-140	83	4	)	)	PUNCT
gujaf-140	83	5	states	state	VERB
gujaf-140	83	6	that	that	SCONJ
gujaf-140	83	7	the	the	DET
gujaf-140	83	8	problem	problem	NOUN
gujaf-140	83	9	of	of	ADP
gujaf-140	83	10	the	the	DET
gujaf-140	83	11	organization	organization	NOUN
gujaf-140	83	12	may	may	AUX
gujaf-140	83	13	also	also	ADV
gujaf-140	83	14	stand	stand	VERB
gujaf-140	83	15	further	far	ADV
gujaf-140	83	16	if	if	SCONJ
gujaf-140	83	17	the	the	DET
gujaf-140	83	18	agent	agent	NOUN
gujaf-140	83	19	fails	fail	VERB
gujaf-140	83	20	to	to	PART
gujaf-140	83	21	work	work	VERB
gujaf-140	83	22	with	with	ADP
gujaf-140	83	23	the	the	DET
gujaf-140	83	24	manager	manager	NOUN
gujaf-140	83	25	's	's	PART
gujaf-140	83	26	great	great	ADJ
gujaf-140	83	27	hobby	hobby	NOUN
gujaf-140	83	28	,	,	PUNCT
gujaf-140	83	29	which	which	PRON
gujaf-140	83	30	may	may	AUX
gujaf-140	83	31	also	also	ADV
gujaf-140	83	32	have	have	VERB
gujaf-140	83	33	an	an	DET
gujaf-140	83	34	effect	effect	NOUN
gujaf-140	83	35	on	on	ADP
gujaf-140	83	36	the	the	DET
gujaf-140	83	37	overall	overall	ADJ
gujaf-140	83	38	performance	performance	NOUN
gujaf-140	83	39	of	of	ADP
gujaf-140	83	40	the	the	DET
gujaf-140	83	41	organisation	organisation	NOUN
gujaf-140	83	42	.	.	PUNCT
gujaf-140	84	1	they	they	PRON
gujaf-140	84	2	take	take	VERB
gujaf-140	84	3	a	a	DET
gujaf-140	84	4	place	place	NOUN
gujaf-140	84	5	close	close	ADV
gujaf-140	84	6	to	to	ADP
gujaf-140	84	7	the	the	DET
gujaf-140	84	8	agencies	agency	NOUN
gujaf-140	84	9	while	while	SCONJ
gujaf-140	84	10	control	control	NOUN
gujaf-140	84	11	over	over	ADP
gujaf-140	84	12	the	the	DET
gujaf-140	84	13	pursuit	pursuit	NOUN
gujaf-140	84	14	of	of	ADP
gujaf-140	84	15	their	their	PRON
gujaf-140	84	16	own	own	ADJ
gujaf-140	84	17	endeavors	endeavor	NOUN
gujaf-140	84	18	is	be	AUX
gujaf-140	84	19	motivated	motivate	VERB
gujaf-140	84	20	over	over	ADP
gujaf-140	84	21	shareholder	shareholder	NOUN
gujaf-140	84	22	price	price	NOUN
gujaf-140	84	23	(	(	PUNCT
gujaf-140	84	24	agrawal	agrawal	PROPN
gujaf-140	84	25	&	&	CCONJ
gujaf-140	84	26	knoeber	knoeber	PROPN
gujaf-140	84	27	,	,	PUNCT
gujaf-140	84	28	1996	1996	NUM
gujaf-140	84	29	)	)	PUNCT
gujaf-140	84	30	and	and	CCONJ
gujaf-140	84	31	can	can	AUX
gujaf-140	84	32	act	act	VERB
gujaf-140	84	33	in	in	ADP
gujaf-140	84	34	an	an	DET
gujaf-140	84	35	opportunistic	opportunistic	ADJ
gujaf-140	84	36	manner	manner	NOUN
gujaf-140	84	37	for	for	ADP
gujaf-140	84	38	the	the	DET
gujaf-140	84	39	purpose	purpose	NOUN
gujaf-140	84	40	of	of	ADP
gujaf-140	84	41	maximizing	maximize	VERB
gujaf-140	84	42	their	their	PRON
gujaf-140	84	43	rewards	reward	NOUN
gujaf-140	84	44	.	.	PUNCT
gujaf-140	85	1	(	(	PUNCT
gujaf-140	85	2	agrawal	agrawal	NOUN
gujaf-140	85	3	and	and	CCONJ
gujaf-140	85	4	knopper	knopper	NOUN
gujaf-140	85	5	,	,	PUNCT
gujaf-140	85	6	1996	1996	NUM
gujaf-140	85	7	)	)	PUNCT
gujaf-140	85	8	.	.	PUNCT
gujaf-140	86	1	3	3	X
gujaf-140	86	2	.	.	X
gujaf-140	86	3	methodology	methodology	NOUN
gujaf-140	86	4	this	this	DET
gujaf-140	86	5	study	study	NOUN
gujaf-140	86	6	used	use	VERB
gujaf-140	86	7	a	a	DET
gujaf-140	86	8	correlational	correlational	ADJ
gujaf-140	86	9	research	research	NOUN
gujaf-140	86	10	design	design	NOUN
gujaf-140	86	11	to	to	PART
gujaf-140	86	12	investigate	investigate	VERB
gujaf-140	86	13	the	the	DET
gujaf-140	86	14	effect	effect	NOUN
gujaf-140	86	15	of	of	ADP
gujaf-140	86	16	board	board	NOUN
gujaf-140	86	17	structure	structure	NOUN
gujaf-140	86	18	on	on	ADP
gujaf-140	86	19	the	the	DET
gujaf-140	86	20	financial	financial	ADJ
gujaf-140	86	21	performance	performance	NOUN
gujaf-140	86	22	of	of	ADP
gujaf-140	86	23	a	a	DET
gujaf-140	86	24	nigerian	nigerian	ADJ
gujaf-140	86	25	pharmaceutical	pharmaceutical	NOUN
gujaf-140	86	26	company	company	NOUN
gujaf-140	86	27	that	that	PRON
gujaf-140	86	28	is	be	AUX
gujaf-140	86	29	publicly	publicly	ADV
gujaf-140	86	30	traded	trade	VERB
gujaf-140	86	31	.	.	PUNCT
gujaf-140	87	1	the	the	DET
gujaf-140	87	2	design	design	NOUN
gujaf-140	87	3	is	be	AUX
gujaf-140	87	4	beneficial	beneficial	ADJ
gujaf-140	87	5	for	for	ADP
gujaf-140	87	6	studying	study	VERB
gujaf-140	87	7	the	the	DET
gujaf-140	87	8	cause	cause	VERB
gujaf-140	87	9	-	-	PUNCT
gujaf-140	87	10	and	and	CCONJ
gujaf-140	87	11	-	-	PUNCT
gujaf-140	87	12	effect	effect	NOUN
gujaf-140	87	13	connection	connection	NOUN
gujaf-140	87	14	between	between	ADP
gujaf-140	87	15	variables	variable	NOUN
gujaf-140	87	16	.	.	PUNCT
gujaf-140	88	1	ten	ten	NUM
gujaf-140	88	2	years	year	NOUN
gujaf-140	88	3	'	'	PART
gujaf-140	88	4	length	length	NOUN
gujaf-140	88	5	of	of	ADP
gujaf-140	88	6	secondary	secondary	ADJ
gujaf-140	88	7	data	datum	NOUN
gujaf-140	88	8	from	from	ADP
gujaf-140	88	9	the	the	DET
gujaf-140	88	10	financial	financial	ADJ
gujaf-140	88	11	accounts	account	NOUN
gujaf-140	88	12	of	of	ADP
gujaf-140	88	13	the	the	DET
gujaf-140	88	14	selected	select	VERB
gujaf-140	88	15	pharmaceuticals	pharmaceutical	NOUN
gujaf-140	88	16	were	be	AUX
gujaf-140	88	17	analyzed	analyze	VERB
gujaf-140	88	18	for	for	ADP
gujaf-140	88	19	this	this	DET
gujaf-140	88	20	investigation	investigation	NOUN
gujaf-140	88	21	(	(	PUNCT
gujaf-140	88	22	2005	2005	NUM
gujaf-140	88	23	-	-	SYM
gujaf-140	88	24	2020	2020	NUM
gujaf-140	88	25	)	)	PUNCT
gujaf-140	88	26	.	.	PUNCT
gujaf-140	89	1	this	this	DET
gujaf-140	89	2	study	study	NOUN
gujaf-140	89	3	's	's	PART
gujaf-140	89	4	population	population	NOUN
gujaf-140	89	5	consists	consist	VERB
gujaf-140	89	6	of	of	ADP
gujaf-140	89	7	all	all	DET
gujaf-140	89	8	seven	seven	NUM
gujaf-140	89	9	pharmaceutical	pharmaceutical	ADJ
gujaf-140	89	10	companies	company	NOUN
gujaf-140	89	11	listed	list	VERB
gujaf-140	89	12	on	on	ADP
gujaf-140	89	13	the	the	DET
gujaf-140	89	14	floor	floor	NOUN
gujaf-140	89	15	of	of	ADP
gujaf-140	89	16	the	the	DET
gujaf-140	89	17	nigerian	nigerian	ADJ
gujaf-140	89	18	stock	stock	NOUN
gujaf-140	89	19	exchange	exchange	PROPN
gujaf-140	89	20	7	7	NUM
gujaf-140	89	21	(	(	PUNCT
gujaf-140	89	22	nse	nse	NOUN
gujaf-140	89	23	)	)	PUNCT
gujaf-140	89	24	as	as	ADP
gujaf-140	89	25	of	of	ADP
gujaf-140	89	26	december	december	PROPN
gujaf-140	89	27	31	31	NUM
gujaf-140	89	28	,	,	PUNCT
gujaf-140	89	29	2020.in	2020.in	NUM
gujaf-140	89	30	order	order	NOUN
gujaf-140	89	31	to	to	PART
gujaf-140	89	32	address	address	VERB
gujaf-140	89	33	the	the	DET
gujaf-140	89	34	spurious	spurious	ADJ
gujaf-140	89	35	regression	regression	NOUN
gujaf-140	89	36	issue	issue	NOUN
gujaf-140	89	37	that	that	PRON
gujaf-140	89	38	may	may	AUX
gujaf-140	89	39	result	result	VERB
gujaf-140	89	40	in	in	ADP
gujaf-140	89	41	statistical	statistical	ADJ
gujaf-140	89	42	bias	bias	NOUN
gujaf-140	89	43	,	,	PUNCT
gujaf-140	89	44	the	the	DET
gujaf-140	89	45	study	study	NOUN
gujaf-140	89	46	used	use	VERB
gujaf-140	89	47	the	the	DET
gujaf-140	89	48	panel	panel	NOUN
gujaf-140	89	49	multiple	multiple	ADJ
gujaf-140	89	50	regression	regression	NOUN
gujaf-140	89	51	technique	technique	NOUN
gujaf-140	89	52	of	of	ADP
gujaf-140	89	53	data	datum	NOUN
gujaf-140	89	54	analysis	analysis	NOUN
gujaf-140	89	55	.	.	PUNCT
gujaf-140	90	1	tests	test	NOUN
gujaf-140	90	2	including	include	VERB
gujaf-140	90	3	the	the	DET
gujaf-140	90	4	heteroscedasticity	heteroscedasticity	NOUN
gujaf-140	90	5	test	test	NOUN
gujaf-140	90	6	,	,	PUNCT
gujaf-140	90	7	the	the	DET
gujaf-140	90	8	multicolinearity	multicolinearity	NOUN
gujaf-140	90	9	test	test	NOUN
gujaf-140	90	10	,	,	PUNCT
gujaf-140	90	11	the	the	DET
gujaf-140	90	12	hausman	hausman	PROPN
gujaf-140	90	13	specification	specification	NOUN
gujaf-140	90	14	test	test	NOUN
gujaf-140	90	15	,	,	PUNCT
gujaf-140	90	16	and	and	CCONJ
gujaf-140	90	17	the	the	DET
gujaf-140	90	18	fixed	fix	VERB
gujaf-140	90	19	ordinary	ordinary	ADJ
gujaf-140	90	20	least	least	ADJ
gujaf-140	90	21	square	square	ADJ
gujaf-140	90	22	dummy	dummy	ADJ
gujaf-140	90	23	variable	variable	ADJ
gujaf-140	90	24	test	test	NOUN
gujaf-140	90	25	are	be	AUX
gujaf-140	90	26	conducted	conduct	VERB
gujaf-140	90	27	(	(	PUNCT
gujaf-140	90	28	granger	granger	PROPN
gujaf-140	90	29	&	&	CCONJ
gujaf-140	90	30	newbold	newbold	PROPN
gujaf-140	90	31	1974	1974	NUM
gujaf-140	90	32	)	)	PUNCT
gujaf-140	90	33	.	.	PUNCT
gujaf-140	91	1	this	this	PRON
gujaf-140	91	2	is	be	AUX
gujaf-140	91	3	also	also	ADV
gujaf-140	91	4	supported	support	VERB
gujaf-140	91	5	by	by	ADP
gujaf-140	91	6	the	the	DET
gujaf-140	91	7	conventional	conventional	ADJ
gujaf-140	91	8	assumptions	assumption	NOUN
gujaf-140	91	9	of	of	ADP
gujaf-140	91	10	traditional	traditional	ADJ
gujaf-140	91	11	regression	regression	NOUN
gujaf-140	91	12	models	model	NOUN
gujaf-140	91	13	,	,	PUNCT
gujaf-140	91	14	which	which	PRON
gujaf-140	91	15	include	include	VERB
gujaf-140	91	16	the	the	DET
gujaf-140	91	17	requirements	requirement	NOUN
gujaf-140	91	18	that	that	SCONJ
gujaf-140	91	19	the	the	DET
gujaf-140	91	20	explanatory	explanatory	ADJ
gujaf-140	91	21	variables	variable	NOUN
gujaf-140	91	22	are	be	AUX
gujaf-140	91	23	not	not	PART
gujaf-140	91	24	fully	fully	ADV
gujaf-140	91	25	linked	link	VERB
gujaf-140	91	26	and	and	CCONJ
gujaf-140	91	27	that	that	SCONJ
gujaf-140	91	28	the	the	DET
gujaf-140	91	29	variance	variance	NOUN
gujaf-140	91	30	of	of	ADP
gujaf-140	91	31	the	the	DET
gujaf-140	91	32	error	error	NOUN
gujaf-140	91	33	term	term	NOUN
gujaf-140	91	34	must	must	AUX
gujaf-140	91	35	be	be	AUX
gujaf-140	91	36	constant	constant	ADJ
gujaf-140	91	37	and	and	CCONJ
gujaf-140	91	38	the	the	DET
gujaf-140	91	39	same	same	ADJ
gujaf-140	91	40	for	for	ADP
gujaf-140	91	41	all	all	DET
gujaf-140	91	42	observations	observation	NOUN
gujaf-140	91	43	(	(	PUNCT
gujaf-140	91	44	homoscedastic	homoscedastic	ADJ
gujaf-140	91	45	)	)	PUNCT
gujaf-140	91	46	.	.	PUNCT
gujaf-140	92	1	failure	failure	NOUN
gujaf-140	92	2	to	to	PART
gujaf-140	92	3	address	address	VERB
gujaf-140	92	4	this	this	DET
gujaf-140	92	5	spurious	spurious	ADJ
gujaf-140	92	6	regression	regression	NOUN
gujaf-140	92	7	issue	issue	NOUN
gujaf-140	92	8	might	might	AUX
gujaf-140	92	9	result	result	VERB
gujaf-140	92	10	in	in	ADP
gujaf-140	92	11	biased	biased	ADJ
gujaf-140	92	12	and	and	CCONJ
gujaf-140	92	13	inconsistent	inconsistent	ADJ
gujaf-140	92	14	standard	standard	ADJ
gujaf-140	92	15	error	error	NOUN
gujaf-140	92	16	terms	term	NOUN
gujaf-140	92	17	for	for	ADP
gujaf-140	92	18	the	the	DET
gujaf-140	92	19	estimated	estimate	VERB
gujaf-140	92	20	parameters	parameter	NOUN
gujaf-140	92	21	(	(	PUNCT
gujaf-140	92	22	adren	adren	PROPN
gujaf-140	92	23	,	,	PUNCT
gujaf-140	92	24	2007	2007	NUM
gujaf-140	92	25	)	)	PUNCT
gujaf-140	92	26	.	.	PUNCT
gujaf-140	93	1	therefore	therefore	ADV
gujaf-140	93	2	,	,	PUNCT
gujaf-140	93	3	robustness	robustness	NOUN
gujaf-140	93	4	tests	test	NOUN
gujaf-140	93	5	contribute	contribute	VERB
gujaf-140	93	6	to	to	ADP
gujaf-140	93	7	the	the	DET
gujaf-140	93	8	creation	creation	NOUN
gujaf-140	93	9	of	of	ADP
gujaf-140	93	10	blue	blue	ADJ
gujaf-140	93	11	estimators	estimator	NOUN
gujaf-140	93	12	(	(	PUNCT
gujaf-140	93	13	best	good	ADJ
gujaf-140	93	14	linear	linear	ADJ
gujaf-140	93	15	unbiased	unbiased	ADJ
gujaf-140	93	16	estimators	estimator	NOUN
gujaf-140	93	17	)	)	PUNCT
gujaf-140	93	18	.	.	PUNCT
gujaf-140	94	1	utilizing	utilize	VERB
gujaf-140	94	2	statistical	statistical	ADJ
gujaf-140	94	3	/	/	SYM
gujaf-140	94	4	data	datum	NOUN
gujaf-140	94	5	analysis	analysis	NOUN
gujaf-140	94	6	software	software	NOUN
gujaf-140	94	7	,	,	PUNCT
gujaf-140	94	8	the	the	DET
gujaf-140	94	9	analysis	analysis	NOUN
gujaf-140	94	10	is	be	AUX
gujaf-140	94	11	carried	carry	VERB
gujaf-140	94	12	out	out	ADP
gujaf-140	94	13	.	.	PUNCT
gujaf-140	95	1	to	to	PART
gujaf-140	95	2	measure	measure	VERB
gujaf-140	95	3	the	the	DET
gujaf-140	95	4	determinants	determinant	NOUN
gujaf-140	95	5	of	of	ADP
gujaf-140	95	6	board	board	NOUN
gujaf-140	95	7	structure	structure	NOUN
gujaf-140	95	8	and	and	CCONJ
gujaf-140	95	9	financial	financial	ADJ
gujaf-140	95	10	performance	performance	NOUN
gujaf-140	95	11	of	of	ADP
gujaf-140	95	12	listed	list	VERB
gujaf-140	95	13	pharmaceutical	pharmaceutical	NOUN
gujaf-140	95	14	firm	firm	NOUN
gujaf-140	95	15	in	in	ADP
gujaf-140	95	16	nigeria	nigeria	PROPN
gujaf-140	95	17	,	,	PUNCT
gujaf-140	95	18	the	the	DET
gujaf-140	95	19	following	follow	VERB
gujaf-140	95	20	model	model	NOUN
gujaf-140	95	21	is	be	AUX
gujaf-140	95	22	estimated	estimate	VERB
gujaf-140	95	23	:	:	PUNCT
gujaf-140	95	24	roait	roait	NOUN
gujaf-140	96	1	=	=	PUNCT
gujaf-140	96	2	β0	β0	PROPN
gujaf-140	97	1	+	+	CCONJ
gujaf-140	97	2	β1fdit	β1fdit	NOUN
gujaf-140	97	3	+	+	CCONJ
gujaf-140	97	4	β2insdit	β2insdit	NOUN
gujaf-140	98	1	+	+	CCONJ
gujaf-140	98	2	β3nexdit	β3nexdit	NOUN
gujaf-140	98	3	+	+	CCONJ
gujaf-140	98	4	β4bszit	β4bszit	PROPN
gujaf-140	98	5	+	+	ADJ
gujaf-140	98	6	μit	μit	NOUN
gujaf-140	98	7	…	…	SYM
gujaf-140	98	8	…	…	PUNCT
gujaf-140	98	9	…	…	PUNCT
gujaf-140	98	10	…	…	SYM
gujaf-140	98	11	.	.	NUM
gujaf-140	98	12	…	…	PUNCT
gujaf-140	98	13	…	…	PUNCT
gujaf-140	98	14	…	…	PUNCT
gujaf-140	98	15	…	…	PUNCT
gujaf-140	98	16	..	..	PUNCT
gujaf-140	98	17	i	i	PRON
gujaf-140	98	18	where	where	SCONJ
gujaf-140	98	19	;	;	PUNCT
gujaf-140	98	20	roait	roait	NOUN
gujaf-140	98	21	=	=	PUNCT
gujaf-140	98	22	return	return	VERB
gujaf-140	98	23	on	on	ADP
gujaf-140	98	24	asset	asset	NOUN
gujaf-140	98	25	of	of	ADP
gujaf-140	98	26	firm	firm	ADJ
gujaf-140	98	27	i	i	PRON
gujaf-140	98	28	in	in	ADP
gujaf-140	98	29	year	year	NOUN
gujaf-140	98	30	t	t	NOUN
gujaf-140	98	31	fdit	fdit	NOUN
gujaf-140	98	32	=	=	SYM
gujaf-140	98	33	female	female	ADJ
gujaf-140	98	34	directors	director	NOUN
gujaf-140	98	35	of	of	ADP
gujaf-140	98	36	firm	firm	ADJ
gujaf-140	98	37	i	i	PRON
gujaf-140	98	38	in	in	ADP
gujaf-140	98	39	year	year	NOUN
gujaf-140	98	40	t	t	NOUN
gujaf-140	98	41	insdit	insdit	NOUN
gujaf-140	98	42	=	=	PUNCT
gujaf-140	98	43	institutional	institutional	ADJ
gujaf-140	98	44	directors	director	NOUN
gujaf-140	98	45	of	of	ADP
gujaf-140	98	46	firm	firm	ADJ
gujaf-140	98	47	i	i	PRON
gujaf-140	98	48	in	in	ADP
gujaf-140	98	49	year	year	NOUN
gujaf-140	98	50	t	t	NOUN
gujaf-140	98	51	nexdit	nexdit	NOUN
gujaf-140	98	52	=	=	PUNCT
gujaf-140	98	53	non	non	ADJ
gujaf-140	98	54	-	-	ADJ
gujaf-140	98	55	executive	executive	ADJ
gujaf-140	98	56	directors	director	NOUN
gujaf-140	98	57	of	of	ADP
gujaf-140	98	58	firm	firm	ADJ
gujaf-140	98	59	i	i	PRON
gujaf-140	98	60	in	in	ADP
gujaf-140	98	61	year	year	NOUN
gujaf-140	98	62	t	t	PROPN
gujaf-140	98	63	bszit	bszit	NOUN
gujaf-140	98	64	=	=	PROPN
gujaf-140	98	65	board	board	NOUN
gujaf-140	98	66	size	size	NOUN
gujaf-140	98	67	of	of	ADP
gujaf-140	98	68	firm	firm	NOUN
gujaf-140	98	69	i	i	PRON
gujaf-140	98	70	in	in	ADP
gujaf-140	98	71	year	year	NOUN
gujaf-140	98	72	t	t	PROPN
gujaf-140	98	73	β0	β0	PROPN
gujaf-140	99	1	=	=	PROPN
gujaf-140	99	2	the	the	DET
gujaf-140	99	3	intercept	intercept	NOUN
gujaf-140	99	4	/	/	SYM
gujaf-140	99	5	constant	constant	ADJ
gujaf-140	99	6	;	;	PUNCT
gujaf-140	99	7	β1	β1	PROPN
gujaf-140	99	8	–	–	PUNCT
gujaf-140	99	9	β4	β4	PROPN
gujaf-140	99	10	=	=	PRON
gujaf-140	99	11	are	be	AUX
gujaf-140	99	12	the	the	DET
gujaf-140	99	13	parameters	parameter	NOUN
gujaf-140	99	14	;	;	PUNCT
gujaf-140	99	15	μit	μit	NOUN
gujaf-140	99	16	=	=	NOUN
gujaf-140	99	17	the	the	DET
gujaf-140	99	18	residual	residual	ADJ
gujaf-140	99	19	/	/	SYM
gujaf-140	99	20	error	error	NOUN
gujaf-140	99	21	term	term	NOUN
gujaf-140	99	22	of	of	ADP
gujaf-140	99	23	firm	firm	ADJ
gujaf-140	99	24	i	i	PRON
gujaf-140	99	25	in	in	ADP
gujaf-140	99	26	year	year	NOUN
gujaf-140	99	27	t	t	PROPN
gujaf-140	99	28	variables	variable	NOUN
gujaf-140	99	29	measurement	measurement	VERB
gujaf-140	99	30	the	the	DET
gujaf-140	99	31	definitions	definition	NOUN
gujaf-140	99	32	and	and	CCONJ
gujaf-140	99	33	measurements	measurement	NOUN
gujaf-140	99	34	of	of	ADP
gujaf-140	99	35	the	the	DET
gujaf-140	99	36	variables	variable	NOUN
gujaf-140	99	37	used	use	VERB
gujaf-140	99	38	in	in	ADP
gujaf-140	99	39	this	this	DET
gujaf-140	99	40	study	study	NOUN
gujaf-140	99	41	are	be	AUX
gujaf-140	99	42	presented	present	VERB
gujaf-140	99	43	in	in	ADP
gujaf-140	99	44	table	table	NOUN
gujaf-140	99	45	1	1	NUM
gujaf-140	99	46	below	below	ADV
gujaf-140	99	47	;	;	PUNCT
gujaf-140	99	48	table	table	NOUN
gujaf-140	99	49	1	1	NUM
gujaf-140	99	50	:	:	PUNCT
gujaf-140	99	51	variables	variable	NOUN
gujaf-140	99	52	measurements	measurement	NOUN
gujaf-140	99	53	variables	variable	VERB
gujaf-140	99	54	definition	definition	NOUN
gujaf-140	99	55	/	/	SYM
gujaf-140	99	56	measurements	measurement	NOUN
gujaf-140	99	57	dependent	dependent	ADJ
gujaf-140	99	58	variable	variable	ADJ
gujaf-140	99	59	return	return	NOUN
gujaf-140	99	60	on	on	ADP
gujaf-140	99	61	asset(roa	asset(roa	NOUN
gujaf-140	99	62	)	)	PUNCT
gujaf-140	99	63	measured	measure	VERB
gujaf-140	99	64	by	by	ADP
gujaf-140	99	65	ratio	ratio	NOUN
gujaf-140	99	66	of	of	ADP
gujaf-140	99	67	profit	profit	NOUN
gujaf-140	99	68	after	after	ADP
gujaf-140	99	69	tax	tax	NOUN
gujaf-140	99	70	divide	divide	NOUN
gujaf-140	99	71	by	by	ADP
gujaf-140	99	72	total	total	ADJ
gujaf-140	99	73	assets	asset	NOUN
gujaf-140	99	74	of	of	ADP
gujaf-140	99	75	current	current	ADJ
gujaf-140	99	76	year	year	NOUN
gujaf-140	99	77	independent	independent	ADJ
gujaf-140	99	78	variables	variable	NOUN
gujaf-140	99	79	female	female	ADJ
gujaf-140	99	80	directors	director	NOUN
gujaf-140	99	81	(	(	PUNCT
gujaf-140	99	82	fd	fd	PROPN
gujaf-140	99	83	)	)	PUNCT
gujaf-140	99	84	ratio	ratio	NOUN
gujaf-140	99	85	of	of	ADP
gujaf-140	99	86	number	number	NOUN
gujaf-140	99	87	of	of	ADP
gujaf-140	99	88	female	female	ADJ
gujaf-140	99	89	directors	director	NOUN
gujaf-140	99	90	to	to	PART
gujaf-140	99	91	total	total	ADJ
gujaf-140	99	92	number	number	NOUN
gujaf-140	99	93	of	of	ADP
gujaf-140	99	94	directors	director	NOUN
gujaf-140	99	95	in	in	ADP
gujaf-140	99	96	the	the	DET
gujaf-140	99	97	firm	firm	ADJ
gujaf-140	99	98	8	8	NUM
gujaf-140	99	99	institutional	institutional	ADJ
gujaf-140	99	100	directors	director	NOUN
gujaf-140	99	101	(	(	PUNCT
gujaf-140	99	102	insd	insd	ADV
gujaf-140	99	103	)	)	PUNCT
gujaf-140	99	104	ratio	ratio	NOUN
gujaf-140	99	105	of	of	ADP
gujaf-140	99	106	number	number	NOUN
gujaf-140	99	107	of	of	ADP
gujaf-140	99	108	directors	director	NOUN
gujaf-140	99	109	representing	represent	VERB
gujaf-140	99	110	indirect	indirect	ADJ
gujaf-140	99	111	shareholding	shareholding	NOUN
gujaf-140	99	112	to	to	ADP
gujaf-140	99	113	total	total	ADJ
gujaf-140	99	114	number	number	NOUN
gujaf-140	99	115	of	of	ADP
gujaf-140	99	116	directors	director	NOUN
gujaf-140	99	117	in	in	ADP
gujaf-140	99	118	the	the	DET
gujaf-140	99	119	firm	firm	ADJ
gujaf-140	99	120	non	non	ADJ
gujaf-140	99	121	-	-	ADJ
gujaf-140	99	122	executive	executive	ADJ
gujaf-140	99	123	directors(nexd	directors(nexd	PROPN
gujaf-140	99	124	)	)	PUNCT
gujaf-140	99	125	ratio	ratio	NOUN
gujaf-140	99	126	of	of	ADP
gujaf-140	99	127	number	number	NOUN
gujaf-140	99	128	of	of	ADP
gujaf-140	99	129	non	non	ADJ
gujaf-140	99	130	-	-	ADJ
gujaf-140	99	131	executive	executive	ADJ
gujaf-140	99	132	directors	director	NOUN
gujaf-140	99	133	to	to	PART
gujaf-140	99	134	total	total	ADJ
gujaf-140	99	135	number	number	NOUN
gujaf-140	99	136	of	of	ADP
gujaf-140	99	137	directors	director	NOUN
gujaf-140	99	138	in	in	ADP
gujaf-140	99	139	the	the	DET
gujaf-140	99	140	firm	firm	ADJ
gujaf-140	99	141	board	board	NOUN
gujaf-140	99	142	size	size	NOUN
gujaf-140	99	143	(	(	PUNCT
gujaf-140	99	144	bsz	bsz	NOUN
gujaf-140	99	145	)	)	PUNCT
gujaf-140	99	146	natural	natural	ADJ
gujaf-140	99	147	logarithm	logarithm	NOUN
gujaf-140	99	148	of	of	ADP
gujaf-140	99	149	total	total	ADJ
gujaf-140	99	150	number	number	NOUN
gujaf-140	99	151	of	of	ADP
gujaf-140	99	152	directors	director	NOUN
gujaf-140	99	153	on	on	ADP
gujaf-140	99	154	the	the	DET
gujaf-140	99	155	board	board	NOUN
gujaf-140	99	156	of	of	ADP
gujaf-140	99	157	the	the	DET
gujaf-140	99	158	firm	firm	ADJ
gujaf-140	99	159	source	source	NOUN
gujaf-140	99	160	:	:	PUNCT
gujaf-140	99	161	authors	author	NOUN
gujaf-140	99	162	’	'	PUNCT
gujaf-140	99	163	compilation	compilation	NOUN
gujaf-140	99	164	(	(	PUNCT
gujaf-140	99	165	2022	2022	NUM
gujaf-140	99	166	)	)	PUNCT
gujaf-140	99	167	.	.	PUNCT
gujaf-140	100	1	4	4	X
gujaf-140	100	2	.	.	NOUN
gujaf-140	100	3	results	result	NOUN
gujaf-140	100	4	and	and	CCONJ
gujaf-140	100	5	discussions	discussion	NOUN
gujaf-140	100	6	the	the	DET
gujaf-140	100	7	findings	finding	NOUN
gujaf-140	100	8	that	that	PRON
gujaf-140	100	9	were	be	AUX
gujaf-140	100	10	obtained	obtain	VERB
gujaf-140	100	11	from	from	ADP
gujaf-140	100	12	the	the	DET
gujaf-140	100	13	tests	test	NOUN
gujaf-140	100	14	that	that	PRON
gujaf-140	100	15	were	be	AUX
gujaf-140	100	16	performed	perform	VERB
gujaf-140	100	17	on	on	ADP
gujaf-140	100	18	the	the	DET
gujaf-140	100	19	data	datum	NOUN
gujaf-140	100	20	that	that	PRON
gujaf-140	100	21	was	be	AUX
gujaf-140	100	22	gathered	gather	VERB
gujaf-140	100	23	for	for	ADP
gujaf-140	100	24	the	the	DET
gujaf-140	100	25	research	research	NOUN
gujaf-140	100	26	are	be	AUX
gujaf-140	100	27	shown	show	VERB
gujaf-140	100	28	in	in	ADP
gujaf-140	100	29	this	this	DET
gujaf-140	100	30	part	part	NOUN
gujaf-140	100	31	,	,	PUNCT
gujaf-140	100	32	and	and	CCONJ
gujaf-140	100	33	a	a	DET
gujaf-140	100	34	discussion	discussion	NOUN
gujaf-140	100	35	of	of	ADP
gujaf-140	100	36	those	those	DET
gujaf-140	100	37	results	result	NOUN
gujaf-140	100	38	follows	follow	VERB
gujaf-140	100	39	.	.	PUNCT
gujaf-140	101	1	in	in	ADP
gujaf-140	101	2	the	the	DET
gujaf-140	101	3	first	first	ADJ
gujaf-140	101	4	part	part	NOUN
gujaf-140	101	5	of	of	ADP
gujaf-140	101	6	this	this	DET
gujaf-140	101	7	section	section	NOUN
gujaf-140	101	8	,	,	PUNCT
gujaf-140	101	9	the	the	DET
gujaf-140	101	10	data	datum	NOUN
gujaf-140	101	11	that	that	PRON
gujaf-140	101	12	were	be	AUX
gujaf-140	101	13	gathered	gather	VERB
gujaf-140	101	14	for	for	ADP
gujaf-140	101	15	the	the	DET
gujaf-140	101	16	research	research	NOUN
gujaf-140	101	17	are	be	AUX
gujaf-140	101	18	described	describe	VERB
gujaf-140	101	19	,	,	PUNCT
gujaf-140	101	20	and	and	CCONJ
gujaf-140	101	21	then	then	ADV
gujaf-140	101	22	the	the	DET
gujaf-140	101	23	section	section	NOUN
gujaf-140	101	24	moves	move	VERB
gujaf-140	101	25	on	on	ADP
gujaf-140	101	26	to	to	ADP
gujaf-140	101	27	the	the	DET
gujaf-140	101	28	inferential	inferential	ADJ
gujaf-140	101	29	statistics	statistic	NOUN
gujaf-140	101	30	.	.	PUNCT
gujaf-140	102	1	9	9	NUM
gujaf-140	102	2	descriptive	descriptive	ADJ
gujaf-140	102	3	statistics	statistic	NOUN
gujaf-140	102	4	the	the	DET
gujaf-140	102	5	descriptive	descriptive	ADJ
gujaf-140	102	6	statistics	statistic	NOUN
gujaf-140	102	7	of	of	ADP
gujaf-140	102	8	the	the	DET
gujaf-140	102	9	data	datum	NOUN
gujaf-140	102	10	collected	collect	VERB
gujaf-140	102	11	for	for	ADP
gujaf-140	102	12	the	the	DET
gujaf-140	102	13	study	study	NOUN
gujaf-140	102	14	is	be	AUX
gujaf-140	102	15	presented	present	VERB
gujaf-140	102	16	in	in	ADP
gujaf-140	102	17	table	table	NOUN
gujaf-140	102	18	2	2	NUM
gujaf-140	102	19	;	;	PUNCT
gujaf-140	102	20	table	table	NOUN
gujaf-140	102	21	2	2	NUM
gujaf-140	102	22	:	:	PUNCT
gujaf-140	102	23	descriptive	descriptive	ADJ
gujaf-140	102	24	statistics	statistic	NOUN
gujaf-140	102	25	variable	variable	ADJ
gujaf-140	102	26	mean	mean	VERB
gujaf-140	102	27	std	std	PROPN
gujaf-140	102	28	.	.	PUNCT
gujaf-140	103	1	dev	dev	PROPN
gujaf-140	103	2	minimum	minimum	PROPN
gujaf-140	103	3	maximum	maximum	PROPN
gujaf-140	103	4	skewness	skewness	NOUN
gujaf-140	103	5	kurtosis	kurtosis	NOUN
gujaf-140	103	6	roa	roa	PROPN
gujaf-140	103	7	0.08007	0.08007	NUM
gujaf-140	104	1	0.07783	0.07783	NUM
gujaf-140	104	2	0.00214	0.00214	NUM
gujaf-140	104	3	0.32507	0.32507	NUM
gujaf-140	104	4	1.5494	1.5494	NUM
gujaf-140	104	5	4.7242	4.7242	NUM
gujaf-140	104	6	fd	fd	PROPN
gujaf-140	104	7	0.1133	0.1133	NUM
gujaf-140	104	8	0.0946	0.0946	NUM
gujaf-140	104	9	0.0000	0.0000	NUM
gujaf-140	104	10	0.3750	0.3750	NUM
gujaf-140	104	11	0.9093	0.9093	NUM
gujaf-140	104	12	4.1955	4.1955	NUM
gujaf-140	104	13	insd	insd	ADV
gujaf-140	104	14	0.2467	0.2467	NUM
gujaf-140	104	15	0.0998	0.0998	NUM
gujaf-140	104	16	0.1111	0.1111	NUM
gujaf-140	104	17	0.5000	0.5000	NUM
gujaf-140	104	18	0.9542	0.9542	NUM
gujaf-140	104	19	3.6169	3.6169	NUM
gujaf-140	104	20	exd	exd	NOUN
gujaf-140	104	21	0.4036	0.4036	NUM
gujaf-140	104	22	0.1383	0.1383	NUM
gujaf-140	104	23	0.1818	0.1818	NUM
gujaf-140	104	24	0.6363	0.6363	NUM
gujaf-140	104	25	0.0432	0.0432	NUM
gujaf-140	104	26	1.6633	1.6633	NUM
gujaf-140	104	27	bsz	bsz	NOUN
gujaf-140	104	28	2.1895	2.1895	NUM
gujaf-140	104	29	0.1784	0.1784	NUM
gujaf-140	104	30	1.7917	1.7917	NUM
gujaf-140	104	31	2.4849	2.4849	NUM
gujaf-140	104	32	-0.1407	-0.1407	NOUN
gujaf-140	104	33	1.9861	1.9861	NUM
gujaf-140	104	34	source	source	NOUN
gujaf-140	104	35	:	:	PUNCT
gujaf-140	104	36	stata	stata	NOUN
gujaf-140	104	37	output	output	NOUN
gujaf-140	104	38	(	(	PUNCT
gujaf-140	104	39	2022	2022	NUM
gujaf-140	104	40	)	)	PUNCT
gujaf-140	104	41	.	.	PUNCT
gujaf-140	105	1	table	table	NOUN
gujaf-140	105	2	2	2	NUM
gujaf-140	105	3	provides	provide	VERB
gujaf-140	105	4	a	a	DET
gujaf-140	105	5	summary	summary	NOUN
gujaf-140	105	6	of	of	ADP
gujaf-140	105	7	how	how	SCONJ
gujaf-140	105	8	the	the	DET
gujaf-140	105	9	composition	composition	NOUN
gujaf-140	105	10	of	of	ADP
gujaf-140	105	11	boards	board	NOUN
gujaf-140	105	12	of	of	ADP
gujaf-140	105	13	directors	director	NOUN
gujaf-140	105	14	influences	influence	VERB
gujaf-140	105	15	the	the	DET
gujaf-140	105	16	financial	financial	ADJ
gujaf-140	105	17	performance	performance	NOUN
gujaf-140	105	18	of	of	ADP
gujaf-140	105	19	publicly	publicly	ADV
gujaf-140	105	20	traded	trade	VERB
gujaf-140	105	21	pharmaceutical	pharmaceutical	ADJ
gujaf-140	105	22	businesses	business	NOUN
gujaf-140	105	23	in	in	ADP
gujaf-140	105	24	nigeria	nigeria	PROPN
gujaf-140	105	25	.	.	PUNCT
gujaf-140	106	1	according	accord	VERB
gujaf-140	106	2	to	to	ADP
gujaf-140	106	3	the	the	DET
gujaf-140	106	4	data	datum	NOUN
gujaf-140	106	5	,	,	PUNCT
gujaf-140	106	6	the	the	DET
gujaf-140	106	7	range	range	NOUN
gujaf-140	106	8	of	of	ADP
gujaf-140	106	9	values	value	NOUN
gujaf-140	106	10	for	for	ADP
gujaf-140	106	11	our	our	PRON
gujaf-140	106	12	profitability	profitability	NOUN
gujaf-140	106	13	measures	measure	NOUN
gujaf-140	106	14	(	(	PUNCT
gujaf-140	106	15	roa	roa	NOUN
gujaf-140	106	16	)	)	PUNCT
gujaf-140	106	17	is	be	AUX
gujaf-140	106	18	from	from	ADP
gujaf-140	106	19	0.00214	0.00214	NUM
gujaf-140	106	20	to	to	ADP
gujaf-140	106	21	0.32507	0.32507	NUM
gujaf-140	106	22	,	,	PUNCT
gujaf-140	106	23	with	with	ADP
gujaf-140	106	24	0.00214	0.00214	NUM
gujaf-140	106	25	being	be	AUX
gujaf-140	106	26	the	the	DET
gujaf-140	106	27	minimum	minimum	NOUN
gujaf-140	106	28	and	and	CCONJ
gujaf-140	106	29	0.32507	0.32507	NUM
gujaf-140	106	30	being	be	AUX
gujaf-140	106	31	the	the	DET
gujaf-140	106	32	highest	high	ADJ
gujaf-140	106	33	.	.	PUNCT
gujaf-140	107	1	the	the	DET
gujaf-140	107	2	values	value	NOUN
gujaf-140	107	3	of	of	ADP
gujaf-140	107	4	the	the	DET
gujaf-140	107	5	data	datum	NOUN
gujaf-140	107	6	range	range	VERB
gujaf-140	107	7	from	from	ADP
gujaf-140	107	8	0.07783	0.07783	NUM
gujaf-140	107	9	to	to	ADP
gujaf-140	107	10	0.08007	0.08007	NUM
gujaf-140	107	11	,	,	PUNCT
gujaf-140	107	12	with	with	ADP
gujaf-140	107	13	0.08007	0.08007	NUM
gujaf-140	107	14	serving	serve	VERB
gujaf-140	107	15	as	as	ADP
gujaf-140	107	16	the	the	DET
gujaf-140	107	17	mean	mean	ADJ
gujaf-140	107	18	roa	roa	NOUN
gujaf-140	107	19	value	value	NOUN
gujaf-140	107	20	and	and	CCONJ
gujaf-140	107	21	0.07783	0.07783	NUM
gujaf-140	107	22	serving	serve	VERB
gujaf-140	107	23	as	as	ADP
gujaf-140	107	24	the	the	DET
gujaf-140	107	25	standard	standard	ADJ
gujaf-140	107	26	deviation	deviation	NOUN
gujaf-140	107	27	of	of	ADP
gujaf-140	107	28	the	the	DET
gujaf-140	107	29	roa	roa	NOUN
gujaf-140	107	30	value	value	NOUN
gujaf-140	107	31	.	.	PUNCT
gujaf-140	108	1	because	because	SCONJ
gujaf-140	108	2	the	the	DET
gujaf-140	108	3	standard	standard	ADJ
gujaf-140	108	4	deviation	deviation	NOUN
gujaf-140	108	5	is	be	AUX
gujaf-140	108	6	so	so	ADV
gujaf-140	108	7	near	near	ADJ
gujaf-140	108	8	to	to	ADP
gujaf-140	108	9	the	the	DET
gujaf-140	108	10	value	value	NOUN
gujaf-140	108	11	of	of	ADP
gujaf-140	108	12	the	the	DET
gujaf-140	108	13	mean	mean	NOUN
gujaf-140	108	14	,	,	PUNCT
gujaf-140	108	15	the	the	DET
gujaf-140	108	16	data	datum	NOUN
gujaf-140	108	17	for	for	ADP
gujaf-140	108	18	the	the	DET
gujaf-140	108	19	return	return	NOUN
gujaf-140	108	20	on	on	ADP
gujaf-140	108	21	asset	asset	NOUN
gujaf-140	108	22	variable	variable	NOUN
gujaf-140	108	23	are	be	AUX
gujaf-140	108	24	not	not	PART
gujaf-140	108	25	very	very	ADV
gujaf-140	108	26	spread	spread	VERB
gujaf-140	108	27	out	out	ADP
gujaf-140	108	28	among	among	ADP
gujaf-140	108	29	the	the	DET
gujaf-140	108	30	sample	sample	NOUN
gujaf-140	108	31	firms	firm	NOUN
gujaf-140	108	32	.	.	PUNCT
gujaf-140	109	1	this	this	PRON
gujaf-140	109	2	is	be	AUX
gujaf-140	109	3	due	due	ADJ
gujaf-140	109	4	to	to	ADP
gujaf-140	109	5	the	the	DET
gujaf-140	109	6	fact	fact	NOUN
gujaf-140	109	7	that	that	PRON
gujaf-140	109	8	.	.	PUNCT
gujaf-140	110	1	according	accord	VERB
gujaf-140	110	2	to	to	ADP
gujaf-140	110	3	the	the	DET
gujaf-140	110	4	score	score	NOUN
gujaf-140	110	5	of	of	ADP
gujaf-140	110	6	1.5494	1.5494	NUM
gujaf-140	110	7	,	,	PUNCT
gujaf-140	110	8	the	the	DET
gujaf-140	110	9	data	datum	NOUN
gujaf-140	110	10	exhibits	exhibit	VERB
gujaf-140	110	11	a	a	DET
gujaf-140	110	12	favorable	favorable	ADJ
gujaf-140	110	13	degree	degree	NOUN
gujaf-140	110	14	of	of	ADP
gujaf-140	110	15	bias	bias	NOUN
gujaf-140	110	16	.	.	PUNCT
gujaf-140	111	1	the	the	DET
gujaf-140	111	2	data	datum	NOUN
gujaf-140	111	3	also	also	ADV
gujaf-140	111	4	did	do	AUX
gujaf-140	111	5	not	not	PART
gujaf-140	111	6	adhere	adhere	VERB
gujaf-140	111	7	to	to	ADP
gujaf-140	111	8	the	the	DET
gujaf-140	111	9	assumption	assumption	NOUN
gujaf-140	111	10	of	of	ADP
gujaf-140	111	11	a	a	DET
gujaf-140	111	12	symmetrical	symmetrical	ADJ
gujaf-140	111	13	distribution	distribution	NOUN
gujaf-140	111	14	,	,	PUNCT
gujaf-140	111	15	and	and	CCONJ
gujaf-140	111	16	the	the	DET
gujaf-140	111	17	kurtosis	kurtosis	NOUN
gujaf-140	111	18	value	value	NOUN
gujaf-140	111	19	of	of	ADP
gujaf-140	111	20	4.7242	4.7242	NUM
gujaf-140	111	21	demonstrates	demonstrate	VERB
gujaf-140	111	22	that	that	SCONJ
gujaf-140	111	23	the	the	DET
gujaf-140	111	24	majority	majority	NOUN
gujaf-140	111	25	of	of	ADP
gujaf-140	111	26	the	the	DET
gujaf-140	111	27	values	value	NOUN
gujaf-140	111	28	are	be	AUX
gujaf-140	111	29	higher	high	ADJ
gujaf-140	111	30	than	than	ADP
gujaf-140	111	31	the	the	DET
gujaf-140	111	32	mean	mean	NOUN
gujaf-140	111	33	.	.	PUNCT
gujaf-140	112	1	this	this	PRON
gujaf-140	112	2	demonstrates	demonstrate	VERB
gujaf-140	112	3	that	that	SCONJ
gujaf-140	112	4	the	the	DET
gujaf-140	112	5	data	datum	NOUN
gujaf-140	112	6	did	do	AUX
gujaf-140	112	7	not	not	PART
gujaf-140	112	8	adhere	adhere	VERB
gujaf-140	112	9	to	to	ADP
gujaf-140	112	10	the	the	DET
gujaf-140	112	11	condition	condition	NOUN
gujaf-140	112	12	for	for	ADP
gujaf-140	112	13	a	a	DET
gujaf-140	112	14	normal	normal	ADJ
gujaf-140	112	15	distribution	distribution	NOUN
gujaf-140	112	16	,	,	PUNCT
gujaf-140	112	17	which	which	PRON
gujaf-140	112	18	is	be	AUX
gujaf-140	112	19	necessary	necessary	ADJ
gujaf-140	112	20	for	for	SCONJ
gujaf-140	112	21	the	the	DET
gujaf-140	112	22	data	datum	NOUN
gujaf-140	112	23	to	to	PART
gujaf-140	112	24	be	be	AUX
gujaf-140	112	25	considered	consider	VERB
gujaf-140	112	26	valid	valid	ADJ
gujaf-140	112	27	.	.	PUNCT
gujaf-140	113	1	the	the	DET
gujaf-140	113	2	data	datum	NOUN
gujaf-140	113	3	also	also	ADV
gujaf-140	113	4	indicates	indicate	VERB
gujaf-140	113	5	that	that	SCONJ
gujaf-140	113	6	the	the	DET
gujaf-140	113	7	lowest	low	ADJ
gujaf-140	113	8	and	and	CCONJ
gujaf-140	113	9	greatest	great	ADJ
gujaf-140	113	10	values	value	NOUN
gujaf-140	113	11	for	for	ADP
gujaf-140	113	12	female	female	ADJ
gujaf-140	113	13	directors	director	NOUN
gujaf-140	113	14	(	(	PUNCT
gujaf-140	113	15	fd	fd	X
gujaf-140	113	16	)	)	PUNCT
gujaf-140	113	17	are	be	AUX
gujaf-140	113	18	0.0000	0.0000	NUM
gujaf-140	113	19	and	and	CCONJ
gujaf-140	113	20	0.3750	0.3750	NUM
gujaf-140	113	21	,	,	PUNCT
gujaf-140	113	22	respectively	respectively	ADV
gujaf-140	113	23	,	,	PUNCT
gujaf-140	113	24	with	with	ADP
gujaf-140	113	25	a	a	DET
gujaf-140	113	26	mean	mean	ADJ
gujaf-140	113	27	value	value	NOUN
gujaf-140	113	28	of	of	ADP
gujaf-140	113	29	0.1133	0.1133	NUM
gujaf-140	113	30	and	and	CCONJ
gujaf-140	113	31	a	a	DET
gujaf-140	113	32	standard	standard	ADJ
gujaf-140	113	33	deviation	deviation	NOUN
gujaf-140	113	34	of	of	ADP
gujaf-140	113	35	0.0946	0.0946	NUM
gujaf-140	113	36	.	.	PUNCT
gujaf-140	114	1	the	the	DET
gujaf-140	114	2	mean	mean	ADJ
gujaf-140	114	3	value	value	NOUN
gujaf-140	114	4	for	for	ADP
gujaf-140	114	5	female	female	ADJ
gujaf-140	114	6	directors	director	NOUN
gujaf-140	114	7	is	be	AUX
gujaf-140	114	8	0.1133	0.1133	NUM
gujaf-140	114	9	.	.	PUNCT
gujaf-140	115	1	the	the	DET
gujaf-140	115	2	results	result	NOUN
gujaf-140	115	3	show	show	VERB
gujaf-140	115	4	a	a	DET
gujaf-140	115	5	deviation	deviation	NOUN
gujaf-140	115	6	of	of	ADP
gujaf-140	115	7	0.0946	0.0946	NUM
gujaf-140	115	8	standard	standard	ADJ
gujaf-140	115	9	deviations	deviation	NOUN
gujaf-140	115	10	from	from	ADP
gujaf-140	115	11	the	the	DET
gujaf-140	115	12	mean	mean	NOUN
gujaf-140	115	13	,	,	PUNCT
gujaf-140	115	14	which	which	PRON
gujaf-140	115	15	indicates	indicate	VERB
gujaf-140	115	16	that	that	SCONJ
gujaf-140	115	17	at	at	ADV
gujaf-140	115	18	least	least	ADJ
gujaf-140	115	19	11.33	11.33	NUM
gujaf-140	115	20	percent	percent	NOUN
gujaf-140	115	21	of	of	ADP
gujaf-140	115	22	the	the	DET
gujaf-140	115	23	board	board	NOUN
gujaf-140	115	24	members	member	NOUN
gujaf-140	115	25	of	of	ADP
gujaf-140	115	26	the	the	DET
gujaf-140	115	27	chosen	choose	VERB
gujaf-140	115	28	pharmaceutical	pharmaceutical	ADJ
gujaf-140	115	29	enterprises	enterprise	NOUN
gujaf-140	115	30	were	be	AUX
gujaf-140	115	31	female	female	ADJ
gujaf-140	115	32	directors	director	NOUN
gujaf-140	115	33	.	.	PUNCT
gujaf-140	116	1	the	the	DET
gujaf-140	116	2	mean	mean	ADJ
gujaf-140	116	3	value	value	NOUN
gujaf-140	116	4	suggests	suggest	VERB
gujaf-140	116	5	that	that	SCONJ
gujaf-140	116	6	at	at	ADV
gujaf-140	116	7	least	least	ADJ
gujaf-140	116	8	11.33	11.33	NUM
gujaf-140	116	9	percent	percent	NOUN
gujaf-140	116	10	of	of	ADP
gujaf-140	116	11	the	the	DET
gujaf-140	116	12	board	board	NOUN
gujaf-140	116	13	members	member	NOUN
gujaf-140	116	14	of	of	ADP
gujaf-140	116	15	the	the	DET
gujaf-140	116	16	pharmaceutical	pharmaceutical	ADJ
gujaf-140	116	17	enterprises	enterprise	NOUN
gujaf-140	116	18	were	be	AUX
gujaf-140	116	19	female	female	ADJ
gujaf-140	116	20	directors	director	NOUN
gujaf-140	116	21	.	.	PUNCT
gujaf-140	117	1	the	the	DET
gujaf-140	117	2	fact	fact	NOUN
gujaf-140	117	3	that	that	SCONJ
gujaf-140	117	4	the	the	DET
gujaf-140	117	5	kurtosis	kurtosis	NOUN
gujaf-140	117	6	value	value	NOUN
gujaf-140	117	7	for	for	ADP
gujaf-140	117	8	these	these	DET
gujaf-140	117	9	data	datum	NOUN
gujaf-140	117	10	is	be	AUX
gujaf-140	117	11	4.1955	4.1955	NUM
gujaf-140	117	12	indicates	indicate	VERB
gujaf-140	117	13	that	that	SCONJ
gujaf-140	117	14	they	they	PRON
gujaf-140	117	15	are	be	AUX
gujaf-140	117	16	normally	normally	ADV
gujaf-140	117	17	distributed	distribute	VERB
gujaf-140	117	18	,	,	PUNCT
gujaf-140	117	19	while	while	SCONJ
gujaf-140	117	20	the	the	DET
gujaf-140	117	21	skewness	skewness	NOUN
gujaf-140	117	22	value	value	NOUN
gujaf-140	117	23	of	of	ADP
gujaf-140	117	24	0.9093	0.9093	NUM
gujaf-140	117	25	indicates	indicate	VERB
gujaf-140	117	26	that	that	SCONJ
gujaf-140	117	27	they	they	PRON
gujaf-140	117	28	are	be	AUX
gujaf-140	117	29	symmetrically	symmetrically	ADV
gujaf-140	117	30	biased	bias	VERB
gujaf-140	117	31	to	to	ADP
gujaf-140	117	32	the	the	DET
gujaf-140	117	33	right	right	NOUN
gujaf-140	117	34	.	.	PUNCT
gujaf-140	118	1	the	the	DET
gujaf-140	118	2	institutional	institutional	ADJ
gujaf-140	118	3	director	director	NOUN
gujaf-140	118	4	(	(	PUNCT
gujaf-140	118	5	insd	insd	ADV
gujaf-140	118	6	)	)	PUNCT
gujaf-140	118	7	of	of	ADP
gujaf-140	118	8	the	the	DET
gujaf-140	118	9	evaluated	evaluated	ADJ
gujaf-140	118	10	pharmaceutical	pharmaceutical	NOUN
gujaf-140	118	11	companies	company	NOUN
gujaf-140	118	12	in	in	ADP
gujaf-140	118	13	nigeria	nigeria	PROPN
gujaf-140	118	14	is	be	AUX
gujaf-140	118	15	0.2467	0.2467	NUM
gujaf-140	118	16	on	on	ADP
gujaf-140	118	17	average	average	ADJ
gujaf-140	118	18	,	,	PUNCT
gujaf-140	118	19	with	with	ADP
gujaf-140	118	20	a	a	DET
gujaf-140	118	21	standard	standard	ADJ
gujaf-140	118	22	deviation	deviation	NOUN
gujaf-140	118	23	of	of	ADP
gujaf-140	118	24	0.0988	0.0988	NUM
gujaf-140	118	25	from	from	ADP
gujaf-140	118	26	the	the	DET
gujaf-140	118	27	mean	mean	ADJ
gujaf-140	118	28	value	value	NOUN
gujaf-140	118	29	.	.	PUNCT
gujaf-140	119	1	this	this	DET
gujaf-140	119	2	information	information	NOUN
gujaf-140	119	3	is	be	AUX
gujaf-140	119	4	summarized	summarize	VERB
gujaf-140	119	5	in	in	ADP
gujaf-140	119	6	the	the	DET
gujaf-140	119	7	table	table	NOUN
gujaf-140	119	8	.	.	PUNCT
gujaf-140	120	1	this	this	PRON
gujaf-140	120	2	means	mean	VERB
gujaf-140	120	3	that	that	SCONJ
gujaf-140	120	4	the	the	DET
gujaf-140	120	5	standard	standard	ADJ
gujaf-140	120	6	deviation	deviation	NOUN
gujaf-140	120	7	for	for	ADP
gujaf-140	120	8	the	the	DET
gujaf-140	120	9	analyzed	analyze	VERB
gujaf-140	120	10	firms	firm	NOUN
gujaf-140	120	11	is	be	AUX
gujaf-140	120	12	0.0988	0.0988	NUM
gujaf-140	120	13	,	,	PUNCT
gujaf-140	120	14	which	which	PRON
gujaf-140	120	15	denotes	denote	VERB
gujaf-140	120	16	a	a	DET
gujaf-140	120	17	modest	modest	ADJ
gujaf-140	120	18	dispersion	dispersion	NOUN
gujaf-140	120	19	.	.	PUNCT
gujaf-140	121	1	a	a	DET
gujaf-140	121	2	minimum	minimum	ADJ
gujaf-140	121	3	value	value	NOUN
gujaf-140	121	4	of	of	ADP
gujaf-140	121	5	0.1111	0.1111	NUM
gujaf-140	121	6	and	and	CCONJ
gujaf-140	121	7	a	a	DET
gujaf-140	121	8	maximum	maximum	ADJ
gujaf-140	121	9	value	value	NOUN
gujaf-140	121	10	of	of	ADP
gujaf-140	121	11	0.5000	0.5000	NUM
gujaf-140	121	12	are	be	AUX
gujaf-140	121	13	assigned	assign	VERB
gujaf-140	121	14	to	to	ADP
gujaf-140	121	15	the	the	DET
gujaf-140	121	16	10	10	NUM
gujaf-140	121	17	institutional	institutional	ADJ
gujaf-140	121	18	director	director	NOUN
gujaf-140	121	19	(	(	PUNCT
gujaf-140	121	20	insd	insd	ADV
gujaf-140	121	21	)	)	PUNCT
gujaf-140	121	22	.	.	PUNCT
gujaf-140	122	1	the	the	DET
gujaf-140	122	2	data	datum	NOUN
gujaf-140	122	3	's	's	PART
gujaf-140	122	4	peak	peak	NOUN
gujaf-140	122	5	is	be	AUX
gujaf-140	122	6	shown	show	VERB
gujaf-140	122	7	by	by	ADP
gujaf-140	122	8	the	the	DET
gujaf-140	122	9	kurtosis	kurtosis	NOUN
gujaf-140	122	10	value	value	NOUN
gujaf-140	122	11	of	of	ADP
gujaf-140	122	12	3.6169	3.6169	NUM
gujaf-140	122	13	,	,	PUNCT
gujaf-140	122	14	which	which	PRON
gujaf-140	122	15	also	also	ADV
gujaf-140	122	16	shows	show	VERB
gujaf-140	122	17	that	that	SCONJ
gujaf-140	122	18	the	the	DET
gujaf-140	122	19	majority	majority	NOUN
gujaf-140	122	20	of	of	ADP
gujaf-140	122	21	the	the	DET
gujaf-140	122	22	values	value	NOUN
gujaf-140	122	23	are	be	AUX
gujaf-140	122	24	higher	high	ADJ
gujaf-140	122	25	than	than	ADP
gujaf-140	122	26	the	the	DET
gujaf-140	122	27	mean	mean	NOUN
gujaf-140	122	28	and	and	CCONJ
gujaf-140	122	29	that	that	SCONJ
gujaf-140	122	30	the	the	DET
gujaf-140	122	31	data	datum	NOUN
gujaf-140	122	32	did	do	AUX
gujaf-140	122	33	not	not	PART
gujaf-140	122	34	conform	conform	VERB
gujaf-140	122	35	to	to	ADP
gujaf-140	122	36	the	the	DET
gujaf-140	122	37	assumption	assumption	NOUN
gujaf-140	122	38	of	of	ADP
gujaf-140	122	39	a	a	DET
gujaf-140	122	40	normal	normal	ADJ
gujaf-140	122	41	distribution	distribution	NOUN
gujaf-140	122	42	.	.	PUNCT
gujaf-140	123	1	the	the	DET
gujaf-140	123	2	data	datum	NOUN
gujaf-140	123	3	does	do	AUX
gujaf-140	123	4	not	not	PART
gujaf-140	123	5	fit	fit	VERB
gujaf-140	123	6	the	the	DET
gujaf-140	123	7	symmetrical	symmetrical	ADJ
gujaf-140	123	8	distribution	distribution	NOUN
gujaf-140	123	9	assumption	assumption	NOUN
gujaf-140	123	10	since	since	SCONJ
gujaf-140	123	11	the	the	DET
gujaf-140	123	12	coefficient	coefficient	NOUN
gujaf-140	123	13	of	of	ADP
gujaf-140	123	14	skewness	skewness	NOUN
gujaf-140	123	15	of	of	ADP
gujaf-140	123	16	0.9542	0.9542	NUM
gujaf-140	123	17	shows	show	VERB
gujaf-140	123	18	that	that	SCONJ
gujaf-140	123	19	the	the	DET
gujaf-140	123	20	data	data	NOUN
gujaf-140	123	21	is	be	AUX
gujaf-140	123	22	positively	positively	ADV
gujaf-140	123	23	skewed	skew	VERB
gujaf-140	123	24	(	(	PUNCT
gujaf-140	123	25	the	the	DET
gujaf-140	123	26	bulk	bulk	NOUN
gujaf-140	123	27	of	of	ADP
gujaf-140	123	28	the	the	DET
gujaf-140	123	29	data	data	NOUN
gujaf-140	123	30	is	be	AUX
gujaf-140	123	31	on	on	ADP
gujaf-140	123	32	the	the	DET
gujaf-140	123	33	right	right	ADJ
gujaf-140	123	34	side	side	NOUN
gujaf-140	123	35	of	of	ADP
gujaf-140	123	36	the	the	DET
gujaf-140	123	37	normal	normal	ADJ
gujaf-140	123	38	curve	curve	NOUN
gujaf-140	123	39	)	)	PUNCT
gujaf-140	123	40	.	.	PUNCT
gujaf-140	124	1	the	the	DET
gujaf-140	124	2	average	average	ADJ
gujaf-140	124	3	non	non	ADJ
gujaf-140	124	4	-	-	ADJ
gujaf-140	124	5	executive	executive	ADJ
gujaf-140	124	6	director	director	NOUN
gujaf-140	124	7	(	(	PUNCT
gujaf-140	124	8	nexd	nexd	PROPN
gujaf-140	124	9	)	)	PUNCT
gujaf-140	124	10	is	be	AUX
gujaf-140	124	11	0.4036	0.4036	NUM
gujaf-140	124	12	,	,	PUNCT
gujaf-140	124	13	with	with	ADP
gujaf-140	124	14	a	a	DET
gujaf-140	124	15	standard	standard	ADJ
gujaf-140	124	16	deviation	deviation	NOUN
gujaf-140	124	17	of	of	ADP
gujaf-140	124	18	0.1383	0.1383	NUM
gujaf-140	124	19	,	,	PUNCT
gujaf-140	124	20	and	and	CCONJ
gujaf-140	124	21	the	the	DET
gujaf-140	124	22	lowest	low	ADJ
gujaf-140	124	23	and	and	CCONJ
gujaf-140	124	24	highest	high	ADJ
gujaf-140	124	25	values	value	NOUN
gujaf-140	124	26	are	be	AUX
gujaf-140	124	27	0.1818	0.1818	NUM
gujaf-140	124	28	and	and	CCONJ
gujaf-140	124	29	0.6363	0.6363	NUM
gujaf-140	124	30	,	,	PUNCT
gujaf-140	124	31	respectively	respectively	ADV
gujaf-140	124	32	,	,	PUNCT
gujaf-140	124	33	according	accord	VERB
gujaf-140	124	34	to	to	ADP
gujaf-140	124	35	the	the	DET
gujaf-140	124	36	data	datum	NOUN
gujaf-140	124	37	.	.	PUNCT
gujaf-140	125	1	this	this	PRON
gujaf-140	125	2	indicates	indicate	VERB
gujaf-140	125	3	that	that	SCONJ
gujaf-140	125	4	the	the	DET
gujaf-140	125	5	average	average	ADJ
gujaf-140	125	6	non	non	NOUN
gujaf-140	125	7	-	-	NOUN
gujaf-140	125	8	ex	ex	X
gujaf-140	125	9	for	for	ADP
gujaf-140	125	10	publicly	publicly	ADV
gujaf-140	125	11	traded	trade	VERB
gujaf-140	125	12	pharmaceutical	pharmaceutical	ADJ
gujaf-140	125	13	companies	company	NOUN
gujaf-140	125	14	is	be	AUX
gujaf-140	125	15	0.4036	0.4036	NUM
gujaf-140	125	16	,	,	PUNCT
gujaf-140	125	17	while	while	SCONJ
gujaf-140	125	18	the	the	DET
gujaf-140	125	19	actual	actual	ADJ
gujaf-140	125	20	data	datum	NOUN
gujaf-140	125	21	deviated	deviate	VERB
gujaf-140	125	22	by	by	ADP
gujaf-140	125	23	0.1383	0.1383	NUM
gujaf-140	125	24	from	from	ADP
gujaf-140	125	25	the	the	DET
gujaf-140	125	26	mean	mean	NOUN
gujaf-140	125	27	.	.	PUNCT
gujaf-140	126	1	the	the	DET
gujaf-140	126	2	fact	fact	NOUN
gujaf-140	126	3	that	that	SCONJ
gujaf-140	126	4	the	the	DET
gujaf-140	126	5	standard	standard	ADJ
gujaf-140	126	6	deviation	deviation	NOUN
gujaf-140	126	7	is	be	AUX
gujaf-140	126	8	so	so	ADV
gujaf-140	126	9	close	close	ADJ
gujaf-140	126	10	to	to	ADP
gujaf-140	126	11	the	the	DET
gujaf-140	126	12	mean	mean	ADJ
gujaf-140	126	13	value	value	NOUN
gujaf-140	126	14	shows	show	VERB
gujaf-140	126	15	how	how	SCONJ
gujaf-140	126	16	far	far	ADV
gujaf-140	126	17	the	the	DET
gujaf-140	126	18	data	data	NOUN
gujaf-140	126	19	deviates	deviate	VERB
gujaf-140	126	20	from	from	ADP
gujaf-140	126	21	the	the	DET
gujaf-140	126	22	mean	mean	NOUN
gujaf-140	126	23	.	.	PUNCT
gujaf-140	127	1	the	the	DET
gujaf-140	127	2	data	datum	NOUN
gujaf-140	127	3	meet	meet	VERB
gujaf-140	127	4	the	the	DET
gujaf-140	127	5	requirements	requirement	NOUN
gujaf-140	127	6	for	for	ADP
gujaf-140	127	7	a	a	DET
gujaf-140	127	8	normal	normal	ADJ
gujaf-140	127	9	distribution	distribution	NOUN
gujaf-140	127	10	according	accord	VERB
gujaf-140	127	11	to	to	ADP
gujaf-140	127	12	the	the	DET
gujaf-140	127	13	kurtosis	kurtosis	NOUN
gujaf-140	127	14	value	value	NOUN
gujaf-140	127	15	of	of	ADP
gujaf-140	127	16	1.6633	1.6633	NUM
gujaf-140	127	17	and	and	CCONJ
gujaf-140	127	18	the	the	DET
gujaf-140	127	19	skewness	skewness	NOUN
gujaf-140	127	20	value	value	NOUN
gujaf-140	127	21	of	of	ADP
gujaf-140	127	22	0.0432	0.0432	NUM
gujaf-140	127	23	,	,	PUNCT
gujaf-140	127	24	which	which	PRON
gujaf-140	127	25	shows	show	VERB
gujaf-140	127	26	that	that	SCONJ
gujaf-140	127	27	the	the	DET
gujaf-140	127	28	data	data	NOUN
gujaf-140	127	29	is	be	AUX
gujaf-140	127	30	symmetric	symmetric	ADJ
gujaf-140	127	31	and	and	CCONJ
gujaf-140	127	32	skewed	skew	VERB
gujaf-140	127	33	to	to	ADP
gujaf-140	127	34	the	the	DET
gujaf-140	127	35	right	right	NOUN
gujaf-140	127	36	within	within	ADP
gujaf-140	127	37	the	the	DET
gujaf-140	127	38	zero	zero	NUM
gujaf-140	127	39	zone	zone	NOUN
gujaf-140	127	40	of	of	ADP
gujaf-140	127	41	the	the	DET
gujaf-140	127	42	distribution	distribution	NOUN
gujaf-140	127	43	.	.	PUNCT
gujaf-140	128	1	table	table	NOUN
gujaf-140	128	2	2	2	NUM
gujaf-140	128	3	further	far	ADV
gujaf-140	128	4	demonstrates	demonstrate	VERB
gujaf-140	128	5	that	that	SCONJ
gujaf-140	128	6	the	the	DET
gujaf-140	128	7	board	board	NOUN
gujaf-140	128	8	size	size	NOUN
gujaf-140	128	9	(	(	PUNCT
gujaf-140	128	10	bsz	bsz	NOUN
gujaf-140	128	11	)	)	PUNCT
gujaf-140	128	12	measure	measure	NOUN
gujaf-140	128	13	's	's	PART
gujaf-140	128	14	minimum	minimum	ADJ
gujaf-140	128	15	and	and	CCONJ
gujaf-140	128	16	maximum	maximum	ADJ
gujaf-140	128	17	values	value	NOUN
gujaf-140	128	18	are	be	AUX
gujaf-140	128	19	1.7917	1.7917	NUM
gujaf-140	128	20	and	and	CCONJ
gujaf-140	128	21	2.4849	2.4849	NUM
gujaf-140	128	22	,	,	PUNCT
gujaf-140	128	23	respectively	respectively	ADV
gujaf-140	128	24	,	,	PUNCT
gujaf-140	128	25	with	with	ADP
gujaf-140	128	26	a	a	DET
gujaf-140	128	27	mean	mean	ADJ
gujaf-140	128	28	value	value	NOUN
gujaf-140	128	29	of	of	ADP
gujaf-140	128	30	2.1895	2.1895	NUM
gujaf-140	128	31	and	and	CCONJ
gujaf-140	128	32	a	a	DET
gujaf-140	128	33	standard	standard	ADJ
gujaf-140	128	34	deviation	deviation	NOUN
gujaf-140	128	35	of	of	ADP
gujaf-140	128	36	0.1784	0.1784	NUM
gujaf-140	128	37	.	.	PUNCT
gujaf-140	129	1	this	this	PRON
gujaf-140	129	2	indicates	indicate	VERB
gujaf-140	129	3	that	that	SCONJ
gujaf-140	129	4	the	the	DET
gujaf-140	129	5	sample	sample	NOUN
gujaf-140	129	6	pharmaceutical	pharmaceutical	NOUN
gujaf-140	129	7	companies	company	NOUN
gujaf-140	129	8	'	'	PART
gujaf-140	129	9	average	average	ADJ
gujaf-140	129	10	board	board	NOUN
gujaf-140	129	11	size	size	NOUN
gujaf-140	129	12	over	over	ADP
gujaf-140	129	13	the	the	DET
gujaf-140	129	14	study	study	NOUN
gujaf-140	129	15	period	period	NOUN
gujaf-140	129	16	was	be	AUX
gujaf-140	129	17	2.1895	2.1895	NUM
gujaf-140	129	18	,	,	PUNCT
gujaf-140	129	19	with	with	ADP
gujaf-140	129	20	a	a	DET
gujaf-140	129	21	standard	standard	ADJ
gujaf-140	129	22	deviation	deviation	NOUN
gujaf-140	129	23	of	of	ADP
gujaf-140	129	24	0.1784	0.1784	NUM
gujaf-140	129	25	.	.	PUNCT
gujaf-140	130	1	the	the	DET
gujaf-140	130	2	data	datum	NOUN
gujaf-140	130	3	's	's	PART
gujaf-140	130	4	peak	peak	NOUN
gujaf-140	130	5	is	be	AUX
gujaf-140	130	6	shown	show	VERB
gujaf-140	130	7	by	by	ADP
gujaf-140	130	8	the	the	DET
gujaf-140	130	9	kurtosis	kurtosis	NOUN
gujaf-140	130	10	value	value	NOUN
gujaf-140	130	11	of	of	ADP
gujaf-140	130	12	1.9861	1.9861	NUM
gujaf-140	130	13	,	,	PUNCT
gujaf-140	130	14	which	which	PRON
gujaf-140	130	15	also	also	ADV
gujaf-140	130	16	shows	show	VERB
gujaf-140	130	17	that	that	SCONJ
gujaf-140	130	18	the	the	DET
gujaf-140	130	19	bulk	bulk	NOUN
gujaf-140	130	20	of	of	ADP
gujaf-140	130	21	the	the	DET
gujaf-140	130	22	values	value	NOUN
gujaf-140	130	23	are	be	AUX
gujaf-140	130	24	below	below	ADP
gujaf-140	130	25	the	the	DET
gujaf-140	130	26	mean	mean	NOUN
gujaf-140	130	27	and	and	CCONJ
gujaf-140	130	28	that	that	SCONJ
gujaf-140	130	29	the	the	DET
gujaf-140	130	30	data	datum	NOUN
gujaf-140	130	31	did	do	AUX
gujaf-140	130	32	not	not	PART
gujaf-140	130	33	conform	conform	VERB
gujaf-140	130	34	to	to	ADP
gujaf-140	130	35	the	the	DET
gujaf-140	130	36	assumption	assumption	NOUN
gujaf-140	130	37	of	of	ADP
gujaf-140	130	38	a	a	DET
gujaf-140	130	39	normal	normal	ADJ
gujaf-140	130	40	distribution	distribution	NOUN
gujaf-140	130	41	.	.	PUNCT
gujaf-140	131	1	the	the	DET
gujaf-140	131	2	data	datum	NOUN
gujaf-140	131	3	does	do	AUX
gujaf-140	131	4	not	not	PART
gujaf-140	131	5	fit	fit	VERB
gujaf-140	131	6	the	the	DET
gujaf-140	131	7	symmetrical	symmetrical	ADJ
gujaf-140	131	8	distribution	distribution	NOUN
gujaf-140	131	9	assumption	assumption	NOUN
gujaf-140	131	10	because	because	SCONJ
gujaf-140	131	11	of	of	ADP
gujaf-140	131	12	the	the	DET
gujaf-140	131	13	data	datum	NOUN
gujaf-140	131	14	's	's	PART
gujaf-140	131	15	negative	negative	ADJ
gujaf-140	131	16	skewness	skewness	NOUN
gujaf-140	131	17	,	,	PUNCT
gujaf-140	131	18	which	which	PRON
gujaf-140	131	19	is	be	AUX
gujaf-140	131	20	shown	show	VERB
gujaf-140	131	21	by	by	ADP
gujaf-140	131	22	the	the	DET
gujaf-140	131	23	skewness	skewness	NOUN
gujaf-140	131	24	coefficient	coefficient	NOUN
gujaf-140	131	25	of	of	ADP
gujaf-140	131	26	-0.1407	-0.1407	PROPN
gujaf-140	131	27	(	(	PUNCT
gujaf-140	131	28	majority	majority	NOUN
gujaf-140	131	29	of	of	ADP
gujaf-140	131	30	the	the	DET
gujaf-140	131	31	data	datum	NOUN
gujaf-140	131	32	are	be	AUX
gujaf-140	131	33	on	on	ADP
gujaf-140	131	34	the	the	DET
gujaf-140	131	35	left	left	ADJ
gujaf-140	131	36	side	side	NOUN
gujaf-140	131	37	of	of	ADP
gujaf-140	131	38	the	the	DET
gujaf-140	131	39	normal	normal	ADJ
gujaf-140	131	40	curve	curve	NOUN
gujaf-140	131	41	)	)	PUNCT
gujaf-140	131	42	.	.	PUNCT
gujaf-140	132	1	the	the	DET
gujaf-140	132	2	information	information	NOUN
gujaf-140	132	3	is	be	AUX
gujaf-140	132	4	extensively	extensively	ADV
gujaf-140	132	5	dispersed	disperse	VERB
gujaf-140	132	6	,	,	PUNCT
gujaf-140	132	7	suggesting	suggest	VERB
gujaf-140	132	8	that	that	SCONJ
gujaf-140	132	9	it	it	PRON
gujaf-140	132	10	is	be	AUX
gujaf-140	132	11	n't	not	PART
gujaf-140	132	12	always	always	ADV
gujaf-140	132	13	generally	generally	ADV
gujaf-140	132	14	distributed	distribute	VERB
gujaf-140	132	15	,	,	PUNCT
gujaf-140	132	16	as	as	SCONJ
gujaf-140	132	17	evidenced	evidence	VERB
gujaf-140	132	18	with	with	ADP
gujaf-140	132	19	the	the	DET
gujaf-140	132	20	aid	aid	NOUN
gujaf-140	132	21	of	of	ADP
gujaf-140	132	22	using	use	VERB
gujaf-140	132	23	the	the	DET
gujaf-140	132	24	better	well	ADJ
gujaf-140	132	25	trendy	trendy	ADJ
gujaf-140	132	26	deviation	deviation	NOUN
gujaf-140	132	27	values	value	NOUN
gujaf-140	132	28	of	of	ADP
gujaf-140	132	29	the	the	DET
gujaf-140	132	30	bulk	bulk	NOUN
gujaf-140	132	31	of	of	ADP
gujaf-140	132	32	the	the	DET
gujaf-140	132	33	variables	variable	NOUN
gujaf-140	132	34	,	,	PUNCT
gujaf-140	132	35	in	in	ADP
gujaf-140	132	36	keeping	keep	VERB
gujaf-140	132	37	with	with	ADP
gujaf-140	132	38	an	an	DET
gujaf-140	132	39	evaluation	evaluation	NOUN
gujaf-140	132	40	of	of	ADP
gujaf-140	132	41	the	the	DET
gujaf-140	132	42	descriptive	descriptive	ADJ
gujaf-140	132	43	data	datum	NOUN
gujaf-140	132	44	of	of	ADP
gujaf-140	132	45	the	the	DET
gujaf-140	132	46	information	information	NOUN
gujaf-140	132	47	obtained	obtain	VERB
gujaf-140	132	48	for	for	ADP
gujaf-140	132	49	the	the	DET
gujaf-140	132	50	study	study	NOUN
gujaf-140	132	51	.	.	PUNCT
gujaf-140	133	1	the	the	PRON
gujaf-140	133	2	shapiro	shapiro	PROPN
gujaf-140	133	3	–	–	PUNCT
gujaf-140	133	4	wilk	wilk	NOUN
gujaf-140	133	5	test	test	NOUN
gujaf-140	133	6	is	be	AUX
gujaf-140	133	7	more	more	ADV
gujaf-140	133	8	appropriate	appropriate	ADJ
gujaf-140	133	9	method	method	NOUN
gujaf-140	133	10	for	for	ADP
gujaf-140	133	11	small	small	ADJ
gujaf-140	133	12	sample	sample	NOUN
gujaf-140	133	13	sizes	size	NOUN
gujaf-140	133	14	(	(	PUNCT
gujaf-140	133	15	<	<	X
gujaf-140	133	16	50	50	NUM
gujaf-140	133	17	samples	sample	NOUN
gujaf-140	133	18	)	)	PUNCT
gujaf-140	133	19	although	although	SCONJ
gujaf-140	133	20	it	it	PRON
gujaf-140	133	21	can	can	AUX
gujaf-140	133	22	also	also	ADV
gujaf-140	133	23	be	be	AUX
gujaf-140	133	24	handling	handle	VERB
gujaf-140	133	25	on	on	ADP
gujaf-140	133	26	larger	large	ADJ
gujaf-140	133	27	sample	sample	NOUN
gujaf-140	133	28	size	size	NOUN
gujaf-140	133	29	.	.	PUNCT
gujaf-140	134	1	hence	hence	ADV
gujaf-140	134	2	,	,	PUNCT
gujaf-140	134	3	normality	normality	NOUN
gujaf-140	134	4	of	of	ADP
gujaf-140	134	5	residual	residual	ADJ
gujaf-140	134	6	was	be	AUX
gujaf-140	134	7	conducted	conduct	VERB
gujaf-140	134	8	.	.	PUNCT
gujaf-140	135	1	table	table	NOUN
gujaf-140	135	2	3	3	NUM
gujaf-140	135	3	:	:	PUNCT
gujaf-140	135	4	normal	normal	ADJ
gujaf-140	135	5	data	datum	NOUN
gujaf-140	135	6	test	test	NOUN
gujaf-140	135	7	variables	variable	NOUN
gujaf-140	135	8	w	w	PROPN
gujaf-140	135	9	v	v	ADP
gujaf-140	135	10	z	z	PROPN
gujaf-140	135	11	p	p	NOUN
gujaf-140	135	12	-	-	PUNCT
gujaf-140	135	13	values	value	NOUN
gujaf-140	135	14	n	n	AUX
gujaf-140	135	15	resid	resid	VERB
gujaf-140	135	16	0.8652	0.8652	NUM
gujaf-140	135	17	0.422	0.422	NUM
gujaf-140	135	18	1.531	1.531	NUM
gujaf-140	135	19	0.09531	0.09531	NUM
gujaf-140	135	20	70	70	NUM
gujaf-140	135	21	source	source	NOUN
gujaf-140	135	22	:	:	PUNCT
gujaf-140	135	23	stata	stata	NOUN
gujaf-140	135	24	output	output	NOUN
gujaf-140	135	25	,	,	PUNCT
gujaf-140	135	26	2022	2022	NUM
gujaf-140	135	27	.	.	PUNCT
gujaf-140	136	1	11	11	NUM
gujaf-140	136	2	the	the	DET
gujaf-140	136	3	study	study	NOUN
gujaf-140	136	4	makes	make	VERB
gujaf-140	136	5	use	use	NOUN
gujaf-140	136	6	of	of	ADP
gujaf-140	136	7	the	the	DET
gujaf-140	136	8	shapiro	shapiro	PROPN
gujaf-140	136	9	-	-	PUNCT
gujaf-140	136	10	wilk	wilk	NOUN
gujaf-140	136	11	(	(	PUNCT
gujaf-140	136	12	w	w	NOUN
gujaf-140	136	13	)	)	PUNCT
gujaf-140	136	14	test	test	NOUN
gujaf-140	136	15	for	for	ADP
gujaf-140	136	16	normal	normal	ADJ
gujaf-140	136	17	data	datum	NOUN
gujaf-140	136	18	.	.	PUNCT
gujaf-140	137	1	this	this	DET
gujaf-140	137	2	test	test	NOUN
gujaf-140	137	3	examines	examine	VERB
gujaf-140	137	4	a	a	DET
gujaf-140	137	5	variable	variable	NOUN
gujaf-140	137	6	taken	take	VERB
gujaf-140	137	7	from	from	ADP
gujaf-140	137	8	a	a	DET
gujaf-140	137	9	population	population	NOUN
gujaf-140	137	10	that	that	PRON
gujaf-140	137	11	follows	follow	VERB
gujaf-140	137	12	a	a	DET
gujaf-140	137	13	normal	normal	ADJ
gujaf-140	137	14	distribution	distribution	NOUN
gujaf-140	137	15	by	by	ADP
gujaf-140	137	16	using	use	VERB
gujaf-140	137	17	the	the	DET
gujaf-140	137	18	idea	idea	NOUN
gujaf-140	137	19	of	of	ADP
gujaf-140	137	20	the	the	DET
gujaf-140	137	21	null	null	ADJ
gujaf-140	137	22	hypothesis	hypothesis	NOUN
gujaf-140	137	23	.	.	PUNCT
gujaf-140	138	1	the	the	DET
gujaf-140	138	2	assumption	assumption	NOUN
gujaf-140	138	3	that	that	SCONJ
gujaf-140	138	4	the	the	DET
gujaf-140	138	5	data	datum	NOUN
gujaf-140	138	6	follow	follow	VERB
gujaf-140	138	7	a	a	DET
gujaf-140	138	8	normal	normal	ADJ
gujaf-140	138	9	distribution	distribution	NOUN
gujaf-140	138	10	will	will	AUX
gujaf-140	138	11	serve	serve	VERB
gujaf-140	138	12	as	as	ADP
gujaf-140	138	13	the	the	DET
gujaf-140	138	14	test	test	NOUN
gujaf-140	138	15	's	's	PART
gujaf-140	138	16	null	null	ADJ
gujaf-140	138	17	hypothesis	hypothesis	NOUN
gujaf-140	138	18	(	(	PUNCT
gujaf-140	138	19	gujarati	gujarati	PROPN
gujaf-140	138	20	,	,	PUNCT
gujaf-140	138	21	2004	2004	NUM
gujaf-140	138	22	)	)	PUNCT
gujaf-140	138	23	.	.	PUNCT
gujaf-140	139	1	according	accord	VERB
gujaf-140	139	2	to	to	ADP
gujaf-140	139	3	table	table	NOUN
gujaf-140	139	4	3	3	NUM
gujaf-140	139	5	,	,	PUNCT
gujaf-140	139	6	normality	normality	NOUN
gujaf-140	139	7	of	of	ADP
gujaf-140	139	8	residual	residual	ADJ
gujaf-140	139	9	was	be	AUX
gujaf-140	139	10	conducted	conduct	VERB
gujaf-140	139	11	and	and	CCONJ
gujaf-140	139	12	the	the	DET
gujaf-140	139	13	fact	fact	NOUN
gujaf-140	139	14	that	that	SCONJ
gujaf-140	139	15	the	the	DET
gujaf-140	139	16	p	p	NOUN
gujaf-140	139	17	-	-	PUNCT
gujaf-140	139	18	value	value	NOUN
gujaf-140	139	19	for	for	ADP
gujaf-140	139	20	test	test	NOUN
gujaf-140	139	21	statistics	statistic	NOUN
gujaf-140	139	22	is	be	AUX
gujaf-140	139	23	statistically	statistically	ADV
gujaf-140	139	24	insignificant	insignificant	ADJ
gujaf-140	139	25	at	at	ADP
gujaf-140	139	26	the	the	DET
gujaf-140	139	27	5	5	NUM
gujaf-140	139	28	%	%	NOUN
gujaf-140	139	29	level	level	NOUN
gujaf-140	139	30	of	of	ADP
gujaf-140	139	31	significance	significance	NOUN
gujaf-140	139	32	.	.	PUNCT
gujaf-140	140	1	consequently	consequently	ADV
gujaf-140	140	2	,	,	PUNCT
gujaf-140	140	3	the	the	DET
gujaf-140	140	4	residual	residual	NOUN
gujaf-140	140	5	of	of	ADP
gujaf-140	140	6	the	the	DET
gujaf-140	140	7	model	model	NOUN
gujaf-140	140	8	is	be	AUX
gujaf-140	140	9	normally	normally	ADV
gujaf-140	140	10	distributed	distribute	VERB
gujaf-140	140	11	.	.	PUNCT
gujaf-140	141	1	the	the	DET
gujaf-140	141	2	results	result	NOUN
gujaf-140	141	3	of	of	ADP
gujaf-140	141	4	the	the	DET
gujaf-140	141	5	correlation	correlation	NOUN
gujaf-140	141	6	between	between	ADP
gujaf-140	141	7	the	the	DET
gujaf-140	141	8	variables	variable	NOUN
gujaf-140	141	9	will	will	AUX
gujaf-140	141	10	be	be	AUX
gujaf-140	141	11	discussed	discuss	VERB
gujaf-140	141	12	in	in	ADP
gujaf-140	141	13	the	the	DET
gujaf-140	141	14	next	next	ADJ
gujaf-140	141	15	section	section	NOUN
gujaf-140	141	16	once	once	SCONJ
gujaf-140	141	17	the	the	DET
gujaf-140	141	18	analyses	analysis	NOUN
gujaf-140	141	19	of	of	ADP
gujaf-140	141	20	descriptive	descriptive	ADJ
gujaf-140	141	21	statistics	statistic	NOUN
gujaf-140	141	22	and	and	CCONJ
gujaf-140	141	23	the	the	DET
gujaf-140	141	24	normality	normality	NOUN
gujaf-140	141	25	of	of	ADP
gujaf-140	141	26	the	the	DET
gujaf-140	141	27	data	datum	NOUN
gujaf-140	141	28	for	for	ADP
gujaf-140	141	29	the	the	DET
gujaf-140	141	30	study	study	NOUN
gujaf-140	141	31	variables	variable	NOUN
gujaf-140	141	32	have	have	AUX
gujaf-140	141	33	been	be	AUX
gujaf-140	141	34	completed	complete	VERB
gujaf-140	141	35	.	.	PUNCT
gujaf-140	142	1	correlation	correlation	NOUN
gujaf-140	142	2	results	result	VERB
gujaf-140	142	3	the	the	DET
gujaf-140	142	4	pearson	pearson	PROPN
gujaf-140	142	5	correlation	correlation	NOUN
gujaf-140	142	6	's	's	PART
gujaf-140	142	7	executive	executive	ADJ
gujaf-140	142	8	summary	summary	NOUN
gujaf-140	142	9	table	table	NOUN
gujaf-140	142	10	4	4	NUM
gujaf-140	142	11	shows	show	VERB
gujaf-140	142	12	the	the	DET
gujaf-140	142	13	study	study	NOUN
gujaf-140	142	14	's	's	PART
gujaf-140	142	15	variable	variable	ADJ
gujaf-140	142	16	coefficients	coefficient	NOUN
gujaf-140	142	17	in	in	ADP
gujaf-140	142	18	the	the	DET
gujaf-140	142	19	following	following	ADJ
gujaf-140	142	20	ways	way	NOUN
gujaf-140	142	21	:	:	PUNCT
gujaf-140	142	22	table	table	NOUN
gujaf-140	142	23	4	4	NUM
gujaf-140	142	24	:	:	PUNCT
gujaf-140	142	25	correlation	correlation	NOUN
gujaf-140	142	26	matrix	matrix	NOUN
gujaf-140	142	27	var	var	NOUN
gujaf-140	142	28	roa	roa	PROPN
gujaf-140	142	29	fd	fd	PROPN
gujaf-140	142	30	insd	insd	ADV
gujaf-140	142	31	nexd	nexd	PROPN
gujaf-140	142	32	bsz	bsz	PROPN
gujaf-140	142	33	roa	roa	PROPN
gujaf-140	142	34	1.0000	1.0000	NUM
gujaf-140	142	35	fd	fd	NOUN
gujaf-140	142	36	-0.2575	-0.2575	NOUN
gujaf-140	142	37	*	*	PUNCT
gujaf-140	142	38	(	(	PUNCT
gujaf-140	142	39	0.0314	0.0314	NUM
gujaf-140	142	40	)	)	PUNCT
gujaf-140	143	1	1.0000	1.0000	NUM
gujaf-140	143	2	insd	insd	NOUN
gujaf-140	143	3	0.0366	0.0366	NUM
gujaf-140	143	4	(	(	PUNCT
gujaf-140	143	5	0.7635	0.7635	NUM
gujaf-140	143	6	)	)	PUNCT
gujaf-140	143	7	-0.0143	-0.0143	NOUN
gujaf-140	143	8	(	(	PUNCT
gujaf-140	143	9	0.9064	0.9064	NUM
gujaf-140	143	10	)	)	PUNCT
gujaf-140	143	11	1.0000	1.0000	NUM
gujaf-140	143	12	nexd	nexd	ADJ
gujaf-140	143	13	-0.1573	-0.1573	NOUN
gujaf-140	143	14	(	(	PUNCT
gujaf-140	143	15	0.1934	0.1934	NUM
gujaf-140	143	16	)	)	PUNCT
gujaf-140	143	17	0.1377	0.1377	NUM
gujaf-140	143	18	(	(	PUNCT
gujaf-140	143	19	0.2558	0.2558	NUM
gujaf-140	143	20	)	)	PUNCT
gujaf-140	143	21	0.0472	0.0472	NUM
gujaf-140	143	22	(	(	PUNCT
gujaf-140	143	23	0.6978	0.6978	NUM
gujaf-140	143	24	)	)	PUNCT
gujaf-140	143	25	1.0000	1.0000	NUM
gujaf-140	143	26	bsz	bsz	NOUN
gujaf-140	143	27	0.0626	0.0626	NUM
gujaf-140	143	28	(	(	PUNCT
gujaf-140	143	29	0.6065	0.6065	NUM
gujaf-140	143	30	)	)	PUNCT
gujaf-140	143	31	-0.3139	-0.3139	NOUN
gujaf-140	143	32	*	*	PUNCT
gujaf-140	143	33	(	(	PUNCT
gujaf-140	143	34	0.0081	0.0081	NUM
gujaf-140	143	35	)	)	PUNCT
gujaf-140	143	36	-0.2007	-0.2007	X
gujaf-140	143	37	(	(	PUNCT
gujaf-140	143	38	0.0958	0.0958	NUM
gujaf-140	143	39	)	)	PUNCT
gujaf-140	143	40	0.1215	0.1215	NUM
gujaf-140	143	41	(	(	PUNCT
gujaf-140	143	42	0.3164	0.3164	NUM
gujaf-140	143	43	)	)	PUNCT
gujaf-140	143	44	1.0000	1.0000	NUM
gujaf-140	143	45	p	p	NOUN
gujaf-140	143	46	-	-	PUNCT
gujaf-140	143	47	values	value	NOUN
gujaf-140	143	48	in	in	ADP
gujaf-140	143	49	parentheses	parenthesis	NOUN
gujaf-140	143	50	source	source	NOUN
gujaf-140	143	51	:	:	PUNCT
gujaf-140	143	52	stata	stata	NOUN
gujaf-140	143	53	output	output	NOUN
gujaf-140	143	54	,	,	PUNCT
gujaf-140	143	55	2022	2022	NUM
gujaf-140	143	56	.	.	PUNCT
gujaf-140	144	1	the	the	DET
gujaf-140	144	2	results	result	NOUN
gujaf-140	144	3	of	of	ADP
gujaf-140	144	4	a	a	DET
gujaf-140	144	5	research	research	NOUN
gujaf-140	144	6	on	on	ADP
gujaf-140	144	7	the	the	DET
gujaf-140	144	8	relationships	relationship	NOUN
gujaf-140	144	9	between	between	ADP
gujaf-140	144	10	a	a	DET
gujaf-140	144	11	company	company	NOUN
gujaf-140	144	12	's	's	PART
gujaf-140	144	13	return	return	NOUN
gujaf-140	144	14	on	on	ADP
gujaf-140	144	15	assets	asset	NOUN
gujaf-140	144	16	and	and	CCONJ
gujaf-140	144	17	board	board	NOUN
gujaf-140	144	18	structure	structure	NOUN
gujaf-140	144	19	of	of	ADP
gujaf-140	144	20	pharmaceutical	pharmaceutical	ADJ
gujaf-140	144	21	companies	company	NOUN
gujaf-140	144	22	that	that	PRON
gujaf-140	144	23	are	be	AUX
gujaf-140	144	24	listed	list	VERB
gujaf-140	144	25	publicly	publicly	ADV
gujaf-140	144	26	in	in	ADP
gujaf-140	144	27	nigeria	nigeria	PROPN
gujaf-140	144	28	are	be	AUX
gujaf-140	144	29	shown	show	VERB
gujaf-140	144	30	in	in	ADP
gujaf-140	144	31	table	table	NOUN
gujaf-140	144	32	4	4	NUM
gujaf-140	144	33	.	.	PUNCT
gujaf-140	145	1	the	the	DET
gujaf-140	145	2	nigerian	nigerian	ADJ
gujaf-140	145	3	stock	stock	NOUN
gujaf-140	145	4	exchange	exchange	PROPN
gujaf-140	145	5	lists	list	VERB
gujaf-140	145	6	these	these	DET
gujaf-140	145	7	businesses	business	NOUN
gujaf-140	145	8	.	.	PUNCT
gujaf-140	146	1	the	the	DET
gujaf-140	146	2	female	female	ADJ
gujaf-140	146	3	director	director	NOUN
gujaf-140	146	4	(	(	PUNCT
gujaf-140	146	5	fd	fd	PROPN
gujaf-140	146	6	)	)	PUNCT
gujaf-140	146	7	and	and	CCONJ
gujaf-140	146	8	return	return	VERB
gujaf-140	146	9	on	on	ADP
gujaf-140	146	10	asset	asset	NOUN
gujaf-140	146	11	(	(	PUNCT
gujaf-140	146	12	roa	roa	PROPN
gujaf-140	146	13	)	)	PUNCT
gujaf-140	146	14	of	of	ADP
gujaf-140	146	15	the	the	DET
gujaf-140	146	16	sample	sample	NOUN
gujaf-140	146	17	pharmaceutical	pharmaceutical	NOUN
gujaf-140	146	18	enterprises	enterprise	NOUN
gujaf-140	146	19	in	in	ADP
gujaf-140	146	20	nigeria	nigeria	PROPN
gujaf-140	146	21	are	be	AUX
gujaf-140	146	22	significantly	significantly	ADV
gujaf-140	146	23	correlated	correlate	VERB
gujaf-140	146	24	,	,	PUNCT
gujaf-140	146	25	with	with	ADP
gujaf-140	146	26	a	a	DET
gujaf-140	146	27	correlation	correlation	NOUN
gujaf-140	146	28	coefficient	coefficient	NOUN
gujaf-140	146	29	of	of	ADP
gujaf-140	146	30	-0.2575	-0.2575	NOUN
gujaf-140	146	31	,	,	PUNCT
gujaf-140	146	32	which	which	PRON
gujaf-140	146	33	is	be	AUX
gujaf-140	146	34	statistically	statistically	ADV
gujaf-140	146	35	significant	significant	ADJ
gujaf-140	146	36	at	at	ADP
gujaf-140	146	37	the	the	DET
gujaf-140	146	38	1	1	NUM
gujaf-140	146	39	%	%	NOUN
gujaf-140	146	40	level	level	NOUN
gujaf-140	146	41	of	of	ADP
gujaf-140	146	42	significance	significance	NOUN
gujaf-140	146	43	.	.	PUNCT
gujaf-140	147	1	at	at	ADP
gujaf-140	147	2	the	the	DET
gujaf-140	147	3	1	1	NUM
gujaf-140	147	4	%	%	NOUN
gujaf-140	147	5	level	level	NOUN
gujaf-140	147	6	of	of	ADP
gujaf-140	147	7	significance	significance	NOUN
gujaf-140	147	8	,	,	PUNCT
gujaf-140	147	9	this	this	DET
gujaf-140	147	10	connection	connection	NOUN
gujaf-140	147	11	is	be	AUX
gujaf-140	147	12	statistically	statistically	ADV
gujaf-140	147	13	significant	significant	ADJ
gujaf-140	147	14	(	(	PUNCT
gujaf-140	147	15	p	p	NOUN
gujaf-140	147	16	-	-	PUNCT
gujaf-140	147	17	value	value	NOUN
gujaf-140	147	18	of	of	ADP
gujaf-140	147	19	0.03	0.03	NUM
gujaf-140	147	20	)	)	PUNCT
gujaf-140	147	21	.	.	PUNCT
gujaf-140	148	1	this	this	PRON
gujaf-140	148	2	shows	show	VERB
gujaf-140	148	3	that	that	SCONJ
gujaf-140	148	4	adding	add	VERB
gujaf-140	148	5	one	one	NUM
gujaf-140	148	6	more	more	ADJ
gujaf-140	148	7	female	female	ADJ
gujaf-140	148	8	director	director	NOUN
gujaf-140	148	9	causes	cause	VERB
gujaf-140	148	10	the	the	DET
gujaf-140	148	11	return	return	NOUN
gujaf-140	148	12	on	on	ADP
gujaf-140	148	13	assets	asset	NOUN
gujaf-140	148	14	to	to	PART
gujaf-140	148	15	fall	fall	VERB
gujaf-140	148	16	by	by	ADP
gujaf-140	148	17	a	a	DET
gujaf-140	148	18	percentage	percentage	NOUN
gujaf-140	148	19	equal	equal	ADJ
gujaf-140	148	20	to	to	ADP
gujaf-140	148	21	25	25	NUM
gujaf-140	148	22	%	%	NOUN
gujaf-140	148	23	of	of	ADP
gujaf-140	148	24	its	its	PRON
gujaf-140	148	25	original	original	ADJ
gujaf-140	148	26	value	value	NOUN
gujaf-140	148	27	.	.	PUNCT
gujaf-140	149	1	a	a	DET
gujaf-140	149	2	insignificant	insignificant	ADJ
gujaf-140	149	3	positive	positive	ADJ
gujaf-140	149	4	association	association	NOUN
gujaf-140	149	5	between	between	ADP
gujaf-140	149	6	institutional	institutional	ADJ
gujaf-140	149	7	directors	director	NOUN
gujaf-140	149	8	and	and	CCONJ
gujaf-140	149	9	return	return	VERB
gujaf-140	149	10	on	on	ADP
gujaf-140	149	11	asset	asset	NOUN
gujaf-140	149	12	(	(	PUNCT
gujaf-140	149	13	roa	roa	PROPN
gujaf-140	149	14	)	)	PUNCT
gujaf-140	149	15	of	of	ADP
gujaf-140	149	16	the	the	DET
gujaf-140	149	17	sample	sample	NOUN
gujaf-140	149	18	12	12	NUM
gujaf-140	149	19	pharmaceutical	pharmaceutical	ADJ
gujaf-140	149	20	firms	firm	NOUN
gujaf-140	149	21	in	in	ADP
gujaf-140	149	22	nigeria	nigeria	PROPN
gujaf-140	149	23	is	be	AUX
gujaf-140	149	24	also	also	ADV
gujaf-140	149	25	suggested	suggest	VERB
gujaf-140	149	26	by	by	ADP
gujaf-140	149	27	the	the	DET
gujaf-140	149	28	correlation	correlation	NOUN
gujaf-140	149	29	coefficient	coefficient	NOUN
gujaf-140	149	30	of	of	ADP
gujaf-140	149	31	0.0366	0.0366	NUM
gujaf-140	149	32	,	,	PUNCT
gujaf-140	149	33	which	which	PRON
gujaf-140	149	34	is	be	AUX
gujaf-140	149	35	not	not	PART
gujaf-140	149	36	statistically	statistically	ADV
gujaf-140	149	37	significant	significant	ADJ
gujaf-140	149	38	at	at	ADP
gujaf-140	149	39	any	any	DET
gujaf-140	149	40	level	level	NOUN
gujaf-140	149	41	of	of	ADP
gujaf-140	149	42	significance	significance	NOUN
gujaf-140	149	43	.	.	PUNCT
gujaf-140	150	1	the	the	DET
gujaf-140	150	2	correlation	correlation	NOUN
gujaf-140	150	3	coefficient	coefficient	NOUN
gujaf-140	150	4	does	do	AUX
gujaf-140	150	5	not	not	PART
gujaf-140	150	6	fulfill	fulfill	VERB
gujaf-140	150	7	the	the	DET
gujaf-140	150	8	requirements	requirement	NOUN
gujaf-140	150	9	for	for	ADP
gujaf-140	150	10	statistical	statistical	ADJ
gujaf-140	150	11	significance	significance	NOUN
gujaf-140	150	12	at	at	ADP
gujaf-140	150	13	any	any	DET
gujaf-140	150	14	level	level	NOUN
gujaf-140	150	15	of	of	ADP
gujaf-140	150	16	significance	significance	NOUN
gujaf-140	150	17	,	,	PUNCT
gujaf-140	150	18	which	which	PRON
gujaf-140	150	19	serves	serve	VERB
gujaf-140	150	20	as	as	ADP
gujaf-140	150	21	the	the	DET
gujaf-140	150	22	foundation	foundation	NOUN
gujaf-140	150	23	for	for	ADP
gujaf-140	150	24	this	this	DET
gujaf-140	150	25	conclusion	conclusion	NOUN
gujaf-140	150	26	.	.	PUNCT
gujaf-140	151	1	this	this	PRON
gujaf-140	151	2	is	be	AUX
gujaf-140	151	3	because	because	SCONJ
gujaf-140	151	4	,	,	PUNCT
gujaf-140	151	5	regardless	regardless	ADV
gujaf-140	151	6	of	of	ADP
gujaf-140	151	7	the	the	DET
gujaf-140	151	8	level	level	NOUN
gujaf-140	151	9	of	of	ADP
gujaf-140	151	10	significance	significance	NOUN
gujaf-140	151	11	taken	take	VERB
gujaf-140	151	12	into	into	ADP
gujaf-140	151	13	account	account	NOUN
gujaf-140	151	14	,	,	PUNCT
gujaf-140	151	15	the	the	DET
gujaf-140	151	16	correlation	correlation	NOUN
gujaf-140	151	17	coefficient	coefficient	NOUN
gujaf-140	151	18	fails	fail	VERB
gujaf-140	151	19	to	to	PART
gujaf-140	151	20	demonstrate	demonstrate	VERB
gujaf-140	151	21	any	any	DET
gujaf-140	151	22	statistical	statistical	ADJ
gujaf-140	151	23	significance	significance	NOUN
gujaf-140	151	24	(	(	PUNCT
gujaf-140	151	25	p	p	NOUN
gujaf-140	151	26	-	-	PUNCT
gujaf-140	151	27	value	value	NOUN
gujaf-140	151	28	of	of	ADP
gujaf-140	151	29	0.7635	0.7635	NUM
gujaf-140	151	30	)	)	PUNCT
gujaf-140	151	31	.	.	PUNCT
gujaf-140	152	1	due	due	ADP
gujaf-140	152	2	to	to	ADP
gujaf-140	152	3	this	this	DET
gujaf-140	152	4	connection	connection	NOUN
gujaf-140	152	5	,	,	PUNCT
gujaf-140	152	6	it	it	PRON
gujaf-140	152	7	is	be	AUX
gujaf-140	152	8	probable	probable	ADJ
gujaf-140	152	9	that	that	SCONJ
gujaf-140	152	10	any	any	DET
gujaf-140	152	11	change	change	NOUN
gujaf-140	152	12	in	in	ADP
gujaf-140	152	13	the	the	DET
gujaf-140	152	14	number	number	NOUN
gujaf-140	152	15	of	of	ADP
gujaf-140	152	16	institutional	institutional	ADJ
gujaf-140	152	17	directors	director	NOUN
gujaf-140	152	18	in	in	ADP
gujaf-140	152	19	listed	list	VERB
gujaf-140	152	20	pharmaceutical	pharmaceutical	ADJ
gujaf-140	152	21	firms	firm	NOUN
gujaf-140	152	22	in	in	ADP
gujaf-140	152	23	nigeria	nigeria	PROPN
gujaf-140	152	24	—	—	PUNCT
gujaf-140	152	25	whether	whether	SCONJ
gujaf-140	152	26	the	the	DET
gujaf-140	152	27	number	number	NOUN
gujaf-140	152	28	is	be	AUX
gujaf-140	152	29	increased	increase	VERB
gujaf-140	152	30	or	or	CCONJ
gujaf-140	152	31	decreased	decrease	VERB
gujaf-140	152	32	—	—	PUNCT
gujaf-140	152	33	would	would	AUX
gujaf-140	152	34	not	not	PART
gujaf-140	152	35	have	have	VERB
gujaf-140	152	36	an	an	DET
gujaf-140	152	37	impact	impact	NOUN
gujaf-140	152	38	on	on	ADP
gujaf-140	152	39	the	the	DET
gujaf-140	152	40	return	return	NOUN
gujaf-140	152	41	on	on	ADP
gujaf-140	152	42	assets	asset	NOUN
gujaf-140	152	43	.	.	PUNCT
gujaf-140	153	1	as	as	SCONJ
gujaf-140	153	2	demonstrated	demonstrate	VERB
gujaf-140	153	3	by	by	ADP
gujaf-140	153	4	the	the	DET
gujaf-140	153	5	correlation	correlation	NOUN
gujaf-140	153	6	coefficient	coefficient	NOUN
gujaf-140	153	7	of	of	ADP
gujaf-140	153	8	-0.1573	-0.1573	NOUN
gujaf-140	153	9	,	,	PUNCT
gujaf-140	153	10	which	which	PRON
gujaf-140	153	11	is	be	AUX
gujaf-140	153	12	not	not	PART
gujaf-140	153	13	statistically	statistically	ADV
gujaf-140	153	14	significant	significant	ADJ
gujaf-140	153	15	at	at	ADP
gujaf-140	153	16	any	any	DET
gujaf-140	153	17	level	level	NOUN
gujaf-140	153	18	of	of	ADP
gujaf-140	153	19	significance	significance	NOUN
gujaf-140	153	20	,	,	PUNCT
gujaf-140	153	21	table	table	NOUN
gujaf-140	153	22	4	4	NUM
gujaf-140	153	23	also	also	ADV
gujaf-140	153	24	demonstrates	demonstrate	VERB
gujaf-140	153	25	a	a	DET
gujaf-140	153	26	negative	negative	ADJ
gujaf-140	153	27	link	link	NOUN
gujaf-140	153	28	between	between	ADP
gujaf-140	153	29	non	non	ADJ
gujaf-140	153	30	-	-	ADJ
gujaf-140	153	31	executive	executive	ADJ
gujaf-140	153	32	directors	director	NOUN
gujaf-140	153	33	(	(	PUNCT
gujaf-140	153	34	nexd	nexd	ADJ
gujaf-140	153	35	)	)	PUNCT
gujaf-140	153	36	and	and	CCONJ
gujaf-140	153	37	return	return	VERB
gujaf-140	153	38	on	on	ADP
gujaf-140	153	39	asset	asset	NOUN
gujaf-140	153	40	(	(	PUNCT
gujaf-140	153	41	roa	roa	PROPN
gujaf-140	153	42	)	)	PUNCT
gujaf-140	153	43	of	of	ADP
gujaf-140	153	44	the	the	DET
gujaf-140	153	45	sample	sample	NOUN
gujaf-140	153	46	pharmaceutical	pharmaceutical	NOUN
gujaf-140	153	47	firms	firm	NOUN
gujaf-140	153	48	in	in	ADP
gujaf-140	153	49	nigeria	nigeria	PROPN
gujaf-140	153	50	.	.	PUNCT
gujaf-140	154	1	this	this	PRON
gujaf-140	154	2	is	be	AUX
gujaf-140	154	3	evidenced	evidence	VERB
gujaf-140	154	4	by	by	ADP
gujaf-140	154	5	the	the	DET
gujaf-140	154	6	fact	fact	NOUN
gujaf-140	154	7	that	that	SCONJ
gujaf-140	154	8	the	the	DET
gujaf-140	154	9	correlation	correlation	NOUN
gujaf-140	154	10	coefficient	coefficient	NOUN
gujaf-140	154	11	is	be	AUX
gujaf-140	154	12	negative	negative	ADJ
gujaf-140	154	13	(	(	PUNCT
gujaf-140	154	14	p	p	NOUN
gujaf-140	154	15	-	-	PUNCT
gujaf-140	154	16	value	value	NOUN
gujaf-140	154	17	of	of	ADP
gujaf-140	154	18	0.1934	0.1934	NUM
gujaf-140	154	19	)	)	PUNCT
gujaf-140	154	20	.	.	PUNCT
gujaf-140	155	1	(	(	PUNCT
gujaf-140	155	2	p	p	NOUN
gujaf-140	155	3	-	-	PUNCT
gujaf-140	155	4	value	value	NOUN
gujaf-140	155	5	of	of	ADP
gujaf-140	155	6	0.1934	0.1934	NUM
gujaf-140	155	7	)	)	PUNCT
gujaf-140	155	8	.	.	PUNCT
gujaf-140	156	1	the	the	DET
gujaf-140	156	2	conclusion	conclusion	NOUN
gujaf-140	156	3	that	that	PRON
gujaf-140	156	4	may	may	AUX
gujaf-140	156	5	be	be	AUX
gujaf-140	156	6	derived	derive	VERB
gujaf-140	156	7	from	from	ADP
gujaf-140	156	8	this	this	PRON
gujaf-140	156	9	is	be	AUX
gujaf-140	156	10	that	that	SCONJ
gujaf-140	156	11	the	the	DET
gujaf-140	156	12	return	return	NOUN
gujaf-140	156	13	on	on	ADP
gujaf-140	156	14	assets	asset	NOUN
gujaf-140	156	15	will	will	AUX
gujaf-140	156	16	drop	drop	VERB
gujaf-140	156	17	as	as	SCONJ
gujaf-140	156	18	the	the	DET
gujaf-140	156	19	number	number	NOUN
gujaf-140	156	20	of	of	ADP
gujaf-140	156	21	institutional	institutional	ADJ
gujaf-140	156	22	directors	director	NOUN
gujaf-140	156	23	grows	grow	VERB
gujaf-140	156	24	;	;	PUNCT
gujaf-140	156	25	yet	yet	ADV
gujaf-140	156	26	,	,	PUNCT
gujaf-140	156	27	the	the	DET
gujaf-140	156	28	finding	finding	NOUN
gujaf-140	156	29	can	can	AUX
gujaf-140	156	30	not	not	PART
gujaf-140	156	31	be	be	AUX
gujaf-140	156	32	relied	rely	VERB
gujaf-140	156	33	upon	upon	SCONJ
gujaf-140	156	34	as	as	SCONJ
gujaf-140	156	35	it	it	PRON
gujaf-140	156	36	did	do	AUX
gujaf-140	156	37	not	not	PART
gujaf-140	156	38	achieve	achieve	VERB
gujaf-140	156	39	the	the	DET
gujaf-140	156	40	level	level	NOUN
gujaf-140	156	41	of	of	ADP
gujaf-140	156	42	statistical	statistical	ADJ
gujaf-140	156	43	significance	significance	NOUN
gujaf-140	156	44	necessary	necessary	ADJ
gujaf-140	156	45	to	to	PART
gujaf-140	156	46	be	be	AUX
gujaf-140	156	47	regarded	regard	VERB
gujaf-140	156	48	trustworthy	trustworthy	ADJ
gujaf-140	156	49	.	.	PUNCT
gujaf-140	157	1	in	in	ADP
gujaf-140	157	2	conclusion	conclusion	NOUN
gujaf-140	157	3	,	,	PUNCT
gujaf-140	157	4	the	the	DET
gujaf-140	157	5	table	table	NOUN
gujaf-140	157	6	illustrates	illustrate	VERB
gujaf-140	157	7	that	that	SCONJ
gujaf-140	157	8	board	board	NOUN
gujaf-140	157	9	size	size	NOUN
gujaf-140	157	10	(	(	PUNCT
gujaf-140	157	11	bsz	bsz	NOUN
gujaf-140	157	12	)	)	PUNCT
gujaf-140	157	13	is	be	AUX
gujaf-140	157	14	positively	positively	ADV
gujaf-140	157	15	connected	connect	VERB
gujaf-140	157	16	to	to	ADP
gujaf-140	157	17	the	the	DET
gujaf-140	157	18	return	return	NOUN
gujaf-140	157	19	on	on	ADP
gujaf-140	157	20	asset	asset	NOUN
gujaf-140	157	21	(	(	PUNCT
gujaf-140	157	22	roa	roa	PROPN
gujaf-140	157	23	)	)	PUNCT
gujaf-140	157	24	of	of	ADP
gujaf-140	157	25	listed	list	VERB
gujaf-140	157	26	pharmaceutical	pharmaceutical	ADJ
gujaf-140	157	27	firms	firm	NOUN
gujaf-140	157	28	in	in	ADP
gujaf-140	157	29	nigeria	nigeria	PROPN
gujaf-140	157	30	.	.	PUNCT
gujaf-140	158	1	this	this	DET
gujaf-140	158	2	result	result	NOUN
gujaf-140	158	3	is	be	AUX
gujaf-140	158	4	based	base	VERB
gujaf-140	158	5	on	on	ADP
gujaf-140	158	6	a	a	DET
gujaf-140	158	7	correlation	correlation	NOUN
gujaf-140	158	8	coefficient	coefficient	NOUN
gujaf-140	158	9	of	of	ADP
gujaf-140	158	10	0.0626	0.0626	NUM
gujaf-140	158	11	,	,	PUNCT
gujaf-140	158	12	which	which	PRON
gujaf-140	158	13	is	be	AUX
gujaf-140	158	14	not	not	PART
gujaf-140	158	15	statistically	statistically	ADV
gujaf-140	158	16	significant	significant	ADJ
gujaf-140	158	17	at	at	ADP
gujaf-140	158	18	any	any	DET
gujaf-140	158	19	level	level	NOUN
gujaf-140	158	20	of	of	ADP
gujaf-140	158	21	significance	significance	NOUN
gujaf-140	158	22	;	;	PUNCT
gujaf-140	158	23	nevertheless	nevertheless	ADV
gujaf-140	158	24	,	,	PUNCT
gujaf-140	158	25	the	the	DET
gujaf-140	158	26	table	table	NOUN
gujaf-140	158	27	does	do	AUX
gujaf-140	158	28	reveal	reveal	VERB
gujaf-140	158	29	that	that	SCONJ
gujaf-140	158	30	this	this	DET
gujaf-140	158	31	link	link	NOUN
gujaf-140	158	32	is	be	AUX
gujaf-140	158	33	positive	positive	ADJ
gujaf-140	158	34	(	(	PUNCT
gujaf-140	158	35	pvalue	pvalue	NOUN
gujaf-140	158	36	of	of	ADP
gujaf-140	158	37	0.6065	0.6065	NUM
gujaf-140	158	38	)	)	PUNCT
gujaf-140	158	39	.	.	PUNCT
gujaf-140	159	1	(	(	PUNCT
gujaf-140	159	2	p	p	NOUN
gujaf-140	159	3	-	-	PUNCT
gujaf-140	159	4	value	value	NOUN
gujaf-140	159	5	of	of	ADP
gujaf-140	159	6	0.6065	0.6065	NUM
gujaf-140	159	7	)	)	PUNCT
gujaf-140	159	8	.	.	PUNCT
gujaf-140	160	1	this	this	DET
gujaf-140	160	2	link	link	NOUN
gujaf-140	160	3	appears	appear	VERB
gujaf-140	160	4	to	to	PART
gujaf-140	160	5	show	show	VERB
gujaf-140	160	6	that	that	SCONJ
gujaf-140	160	7	an	an	DET
gujaf-140	160	8	increase	increase	NOUN
gujaf-140	160	9	in	in	ADP
gujaf-140	160	10	return	return	NOUN
gujaf-140	160	11	on	on	ADP
gujaf-140	160	12	assets	asset	NOUN
gujaf-140	160	13	is	be	AUX
gujaf-140	160	14	connected	connect	VERB
gujaf-140	160	15	with	with	ADP
gujaf-140	160	16	an	an	DET
gujaf-140	160	17	increase	increase	NOUN
gujaf-140	160	18	in	in	ADP
gujaf-140	160	19	board	board	NOUN
gujaf-140	160	20	size	size	NOUN
gujaf-140	160	21	;	;	PUNCT
gujaf-140	160	22	yet	yet	ADV
gujaf-140	160	23	,	,	PUNCT
gujaf-140	160	24	the	the	DET
gujaf-140	160	25	conclusion	conclusion	NOUN
gujaf-140	160	26	is	be	AUX
gujaf-140	160	27	not	not	PART
gujaf-140	160	28	statistically	statistically	ADV
gujaf-140	160	29	significant	significant	ADJ
gujaf-140	160	30	at	at	ADP
gujaf-140	160	31	any	any	DET
gujaf-140	160	32	level	level	NOUN
gujaf-140	160	33	of	of	ADP
gujaf-140	160	34	significance	significance	NOUN
gujaf-140	160	35	.	.	PUNCT
gujaf-140	161	1	regression	regression	NOUN
gujaf-140	161	2	results	result	NOUN
gujaf-140	161	3	and	and	CCONJ
gujaf-140	161	4	hypotheses	hypothesis	NOUN
gujaf-140	161	5	testing	test	VERB
gujaf-140	161	6	in	in	ADP
gujaf-140	161	7	this	this	DET
gujaf-140	161	8	section	section	NOUN
gujaf-140	161	9	,	,	PUNCT
gujaf-140	161	10	the	the	DET
gujaf-140	161	11	hypotheses	hypothesis	NOUN
gujaf-140	161	12	formulated	formulate	VERB
gujaf-140	161	13	for	for	ADP
gujaf-140	161	14	the	the	DET
gujaf-140	161	15	study	study	NOUN
gujaf-140	161	16	are	be	AUX
gujaf-140	161	17	tested	test	VERB
gujaf-140	161	18	;	;	PUNCT
gujaf-140	161	19	the	the	DET
gujaf-140	161	20	section	section	NOUN
gujaf-140	161	21	begins	begin	VERB
gujaf-140	161	22	with	with	ADP
gujaf-140	161	23	the	the	DET
gujaf-140	161	24	discussion	discussion	NOUN
gujaf-140	161	25	of	of	ADP
gujaf-140	161	26	the	the	DET
gujaf-140	161	27	regression	regression	NOUN
gujaf-140	161	28	model	model	NOUN
gujaf-140	161	29	as	as	SCONJ
gujaf-140	161	30	presented	present	VERB
gujaf-140	161	31	in	in	ADP
gujaf-140	161	32	table	table	NOUN
gujaf-140	161	33	5	5	NUM
gujaf-140	161	34	;	;	PUNCT
gujaf-140	161	35	table	table	NOUN
gujaf-140	161	36	5	5	NUM
gujaf-140	161	37	:	:	PUNCT
gujaf-140	161	38	robust	robust	ADJ
gujaf-140	161	39	fixed	fix	VERB
gujaf-140	161	40	effect	effect	NOUN
gujaf-140	161	41	regression	regression	NOUN
gujaf-140	161	42	model	model	NOUN
gujaf-140	161	43	summary	summary	NOUN
gujaf-140	161	44	variables	variable	VERB
gujaf-140	161	45	statistics	statistic	NOUN
gujaf-140	161	46	prob	prob	PROPN
gujaf-140	161	47	.	.	PUNCT
gujaf-140	162	1	mean	mean	VERB
gujaf-140	162	2	vif	vif	PROPN
gujaf-140	162	3	1.12	1.12	NUM
gujaf-140	162	4	hettest	hettest	NOUN
gujaf-140	162	5	:	:	PUNCT
gujaf-140	162	6	chi2	chi2	NOUN
gujaf-140	162	7	2.61	2.61	NUM
gujaf-140	162	8	0.1064	0.1064	NUM
gujaf-140	162	9	hausman	hausman	NOUN
gujaf-140	162	10	:	:	PUNCT
gujaf-140	162	11	chi2	chi2	PROPN
gujaf-140	162	12	128.05	128.05	NUM
gujaf-140	162	13	0.0000	0.0000	NUM
gujaf-140	162	14	13	13	NUM
gujaf-140	162	15	source	source	NOUN
gujaf-140	162	16	:	:	PUNCT
gujaf-140	162	17	stata	stata	NOUN
gujaf-140	162	18	output	output	NOUN
gujaf-140	162	19	,	,	PUNCT
gujaf-140	162	20	2022	2022	NUM
gujaf-140	162	21	.	.	PUNCT
gujaf-140	163	1	according	accord	VERB
gujaf-140	163	2	to	to	ADP
gujaf-140	163	3	the	the	DET
gujaf-140	163	4	coefficient	coefficient	NOUN
gujaf-140	163	5	of	of	ADP
gujaf-140	163	6	determination	determination	NOUN
gujaf-140	163	7	,	,	PUNCT
gujaf-140	163	8	the	the	DET
gujaf-140	163	9	variables	variable	NOUN
gujaf-140	163	10	that	that	PRON
gujaf-140	163	11	were	be	AUX
gujaf-140	163	12	considered	consider	VERB
gujaf-140	163	13	to	to	PART
gujaf-140	163	14	be	be	AUX
gujaf-140	163	15	the	the	DET
gujaf-140	163	16	study	study	NOUN
gujaf-140	163	17	's	's	PART
gujaf-140	163	18	explanatory	explanatory	ADJ
gujaf-140	163	19	factors	factor	NOUN
gujaf-140	163	20	(	(	PUNCT
gujaf-140	163	21	female	female	ADJ
gujaf-140	163	22	director	director	NOUN
gujaf-140	163	23	,	,	PUNCT
gujaf-140	163	24	institutional	institutional	ADJ
gujaf-140	163	25	director	director	NOUN
gujaf-140	163	26	,	,	PUNCT
gujaf-140	163	27	nonexecutive	nonexecutive	ADJ
gujaf-140	163	28	director	director	NOUN
gujaf-140	163	29	,	,	PUNCT
gujaf-140	163	30	and	and	CCONJ
gujaf-140	163	31	board	board	NOUN
gujaf-140	163	32	size	size	NOUN
gujaf-140	163	33	)	)	PUNCT
gujaf-140	163	34	explained	explain	VERB
gujaf-140	163	35	38.01	38.01	NUM
gujaf-140	163	36	percent	percent	NOUN
gujaf-140	163	37	of	of	ADP
gujaf-140	163	38	all	all	DET
gujaf-140	163	39	variations	variation	NOUN
gujaf-140	163	40	in	in	ADP
gujaf-140	163	41	return	return	NOUN
gujaf-140	163	42	on	on	ADP
gujaf-140	163	43	asset	asset	NOUN
gujaf-140	163	44	of	of	ADP
gujaf-140	163	45	the	the	DET
gujaf-140	163	46	listed	list	VERB
gujaf-140	163	47	pharmaceutical	pharmaceutical	ADJ
gujaf-140	163	48	firms	firm	NOUN
gujaf-140	163	49	in	in	ADP
gujaf-140	163	50	nigeria	nigeria	PROPN
gujaf-140	163	51	.	.	PUNCT
gujaf-140	164	1	[	[	X
gujaf-140	164	2	citation	citation	NOUN
gujaf-140	164	3	needed	need	VERB
gujaf-140	164	4	]	]	PUNCT
gujaf-140	164	5	(	(	PUNCT
gujaf-140	164	6	r	r	NOUN
gujaf-140	164	7	square	square	NOUN
gujaf-140	164	8	of	of	ADP
gujaf-140	164	9	0.3801	0.3801	NUM
gujaf-140	164	10	)	)	PUNCT
gujaf-140	164	11	.	.	PUNCT
gujaf-140	165	1	the	the	DET
gujaf-140	165	2	f	f	NOUN
gujaf-140	165	3	-	-	PUNCT
gujaf-140	165	4	statistic	statistic	NOUN
gujaf-140	165	5	of	of	ADP
gujaf-140	165	6	3.62	3.62	NUM
gujaf-140	165	7	and	and	CCONJ
gujaf-140	165	8	the	the	DET
gujaf-140	165	9	probability	probability	NOUN
gujaf-140	165	10	value	value	NOUN
gujaf-140	165	11	of	of	ADP
gujaf-140	165	12	0.0009	0.0009	NUM
gujaf-140	165	13	that	that	PRON
gujaf-140	165	14	are	be	AUX
gujaf-140	165	15	included	include	VERB
gujaf-140	165	16	in	in	ADP
gujaf-140	165	17	the	the	DET
gujaf-140	165	18	table	table	NOUN
gujaf-140	165	19	demonstrate	demonstrate	VERB
gujaf-140	165	20	that	that	SCONJ
gujaf-140	165	21	the	the	DET
gujaf-140	165	22	model	model	NOUN
gujaf-140	165	23	used	use	VERB
gujaf-140	165	24	in	in	ADP
gujaf-140	165	25	the	the	DET
gujaf-140	165	26	research	research	NOUN
gujaf-140	165	27	is	be	AUX
gujaf-140	165	28	likewise	likewise	ADV
gujaf-140	165	29	suitable	suitable	ADJ
gujaf-140	165	30	for	for	ADP
gujaf-140	165	31	use	use	NOUN
gujaf-140	165	32	at	at	ADP
gujaf-140	165	33	a	a	DET
gujaf-140	165	34	significance	significance	NOUN
gujaf-140	165	35	level	level	NOUN
gujaf-140	165	36	of	of	ADP
gujaf-140	165	37	1	1	NUM
gujaf-140	165	38	percent	percent	NOUN
gujaf-140	165	39	.	.	PUNCT
gujaf-140	166	1	according	accord	VERB
gujaf-140	166	2	to	to	ADP
gujaf-140	166	3	the	the	DET
gujaf-140	166	4	results	result	NOUN
gujaf-140	166	5	of	of	ADP
gujaf-140	166	6	the	the	DET
gujaf-140	166	7	breuch	breuch	ADV
gujaf-140	166	8	pagan	pagan	ADJ
gujaf-140	166	9	/	/	SYM
gujaf-140	166	10	cook	cook	PROPN
gujaf-140	166	11	-	-	PUNCT
gujaf-140	166	12	weisberg	weisberg	PROPN
gujaf-140	166	13	test	test	NOUN
gujaf-140	166	14	for	for	ADP
gujaf-140	166	15	heteroskedasticity	heteroskedasticity	NOUN
gujaf-140	166	16	/	/	SYM
gujaf-140	166	17	hettest	hettest	NOUN
gujaf-140	166	18	,	,	PUNCT
gujaf-140	166	19	there	there	PRON
gujaf-140	166	20	is	be	VERB
gujaf-140	166	21	not	not	PART
gujaf-140	166	22	an	an	DET
gujaf-140	166	23	issue	issue	NOUN
gujaf-140	166	24	with	with	ADP
gujaf-140	166	25	heterogeneity	heterogeneity	NOUN
gujaf-140	166	26	.	.	PUNCT
gujaf-140	167	1	the	the	DET
gujaf-140	167	2	chi2	chi2	NOUN
gujaf-140	167	3	value	value	NOUN
gujaf-140	167	4	was	be	AUX
gujaf-140	167	5	2.61	2.61	NUM
gujaf-140	167	6	,	,	PUNCT
gujaf-140	167	7	and	and	CCONJ
gujaf-140	167	8	the	the	DET
gujaf-140	167	9	p	p	NOUN
gujaf-140	167	10	-	-	PUNCT
gujaf-140	167	11	value	value	NOUN
gujaf-140	167	12	was	be	AUX
gujaf-140	167	13	0.1064	0.1064	NUM
gujaf-140	167	14	.	.	PUNCT
gujaf-140	168	1	(	(	PUNCT
gujaf-140	168	2	that	that	PRON
gujaf-140	168	3	is	is	ADV
gujaf-140	168	4	,	,	PUNCT
gujaf-140	168	5	a	a	DET
gujaf-140	168	6	constant	constant	ADJ
gujaf-140	168	7	variance	variance	NOUN
gujaf-140	168	8	exists	exist	VERB
gujaf-140	168	9	in	in	ADP
gujaf-140	168	10	the	the	DET
gujaf-140	168	11	panel	panel	NOUN
gujaf-140	168	12	)	)	PUNCT
gujaf-140	168	13	.	.	PUNCT
gujaf-140	169	1	in	in	ADP
gujaf-140	169	2	addition	addition	NOUN
gujaf-140	169	3	,	,	PUNCT
gujaf-140	169	4	the	the	DET
gujaf-140	169	5	findings	finding	NOUN
gujaf-140	169	6	of	of	ADP
gujaf-140	169	7	the	the	DET
gujaf-140	169	8	breuch	breuch	ADV
gujaf-140	169	9	-	-	PUNCT
gujaf-140	169	10	pagan	pagan	VERB
gujaf-140	169	11	and	and	CCONJ
gujaf-140	169	12	cook	cook	NOUN
gujaf-140	169	13	-	-	PUNCT
gujaf-140	169	14	weisberg	weisberg	PROPN
gujaf-140	169	15	tests	test	NOUN
gujaf-140	169	16	indicate	indicate	VERB
gujaf-140	169	17	that	that	SCONJ
gujaf-140	169	18	there	there	PRON
gujaf-140	169	19	is	be	VERB
gujaf-140	169	20	no	no	DET
gujaf-140	169	21	serial	serial	ADJ
gujaf-140	169	22	relationship	relationship	NOUN
gujaf-140	169	23	,	,	PUNCT
gujaf-140	169	24	providing	provide	VERB
gujaf-140	169	25	more	more	ADJ
gujaf-140	169	26	evidence	evidence	NOUN
gujaf-140	169	27	in	in	ADP
gujaf-140	169	28	favor	favor	NOUN
gujaf-140	169	29	of	of	ADP
gujaf-140	169	30	the	the	DET
gujaf-140	169	31	model	model	NOUN
gujaf-140	169	32	's	's	PART
gujaf-140	169	33	reliability	reliability	NOUN
gujaf-140	169	34	.	.	PUNCT
gujaf-140	170	1	due	due	ADP
gujaf-140	170	2	to	to	ADP
gujaf-140	170	3	the	the	DET
gujaf-140	170	4	fact	fact	NOUN
gujaf-140	170	5	that	that	SCONJ
gujaf-140	170	6	the	the	DET
gujaf-140	170	7	mean	mean	ADJ
gujaf-140	170	8	variance	variance	NOUN
gujaf-140	170	9	inflation	inflation	NOUN
gujaf-140	170	10	factor	factor	NOUN
gujaf-140	170	11	(	(	PUNCT
gujaf-140	170	12	vif	vif	NOUN
gujaf-140	170	13	)	)	PUNCT
gujaf-140	170	14	is	be	AUX
gujaf-140	170	15	1.12	1.12	NUM
gujaf-140	170	16	,	,	PUNCT
gujaf-140	170	17	the	the	DET
gujaf-140	170	18	data	datum	NOUN
gujaf-140	170	19	also	also	ADV
gujaf-140	170	20	demonstrate	demonstrate	VERB
gujaf-140	170	21	that	that	SCONJ
gujaf-140	170	22	there	there	PRON
gujaf-140	170	23	is	be	VERB
gujaf-140	170	24	incomplete	incomplete	ADJ
gujaf-140	170	25	multicollinearity	multicollinearity	NOUN
gujaf-140	170	26	among	among	ADP
gujaf-140	170	27	the	the	DET
gujaf-140	170	28	variables	variable	NOUN
gujaf-140	170	29	that	that	PRON
gujaf-140	170	30	are	be	AUX
gujaf-140	170	31	considered	consider	VERB
gujaf-140	170	32	independent	independent	ADJ
gujaf-140	170	33	.	.	PUNCT
gujaf-140	171	1	this	this	PRON
gujaf-140	171	2	is	be	AUX
gujaf-140	171	3	a	a	DET
gujaf-140	171	4	significant	significant	ADJ
gujaf-140	171	5	amount	amount	NOUN
gujaf-140	171	6	lower	low	ADJ
gujaf-140	171	7	than	than	ADP
gujaf-140	171	8	the	the	DET
gujaf-140	171	9	cutoff	cutoff	NOUN
gujaf-140	171	10	of	of	ADP
gujaf-140	171	11	10	10	NUM
gujaf-140	171	12	,	,	PUNCT
gujaf-140	171	13	which	which	PRON
gujaf-140	171	14	indicates	indicate	VERB
gujaf-140	171	15	complete	complete	ADJ
gujaf-140	171	16	multicollinearity	multicollinearity	NOUN
gujaf-140	171	17	.	.	PUNCT
gujaf-140	172	1	according	accord	VERB
gujaf-140	172	2	to	to	ADP
gujaf-140	172	3	the	the	DET
gujaf-140	172	4	results	result	NOUN
gujaf-140	172	5	of	of	ADP
gujaf-140	172	6	the	the	DET
gujaf-140	172	7	hausman	hausman	PROPN
gujaf-140	172	8	specification	specification	PROPN
gujaf-140	172	9	test	test	NOUN
gujaf-140	172	10	,	,	PUNCT
gujaf-140	172	11	which	which	PRON
gujaf-140	172	12	discovered	discover	VERB
gujaf-140	172	13	statistically	statistically	ADV
gujaf-140	172	14	significant	significant	ADJ
gujaf-140	172	15	variances	variance	NOUN
gujaf-140	172	16	in	in	ADP
gujaf-140	172	17	the	the	DET
gujaf-140	172	18	panel	panel	NOUN
gujaf-140	172	19	,	,	PUNCT
gujaf-140	172	20	the	the	DET
gujaf-140	172	21	ols	ol	NOUN
gujaf-140	172	22	regression	regression	NOUN
gujaf-140	172	23	model	model	NOUN
gujaf-140	172	24	is	be	AUX
gujaf-140	172	25	the	the	DET
gujaf-140	172	26	one	one	NOUN
gujaf-140	172	27	that	that	PRON
gujaf-140	172	28	provides	provide	VERB
gujaf-140	172	29	the	the	DET
gujaf-140	172	30	best	good	ADJ
gujaf-140	172	31	fit	fit	NOUN
gujaf-140	172	32	for	for	ADP
gujaf-140	172	33	the	the	DET
gujaf-140	172	34	research	research	NOUN
gujaf-140	172	35	(	(	PUNCT
gujaf-140	172	36	chi2	chi2	NOUN
gujaf-140	172	37	of	of	ADP
gujaf-140	172	38	128.05	128.05	NUM
gujaf-140	172	39	with	with	ADP
gujaf-140	172	40	a	a	DET
gujaf-140	172	41	p	p	NOUN
gujaf-140	172	42	-	-	PUNCT
gujaf-140	172	43	value	value	NOUN
gujaf-140	172	44	of	of	ADP
gujaf-140	172	45	0.0000	0.0000	NUM
gujaf-140	172	46	)	)	PUNCT
gujaf-140	172	47	.	.	PUNCT
gujaf-140	173	1	on	on	ADP
gujaf-140	173	2	the	the	DET
gujaf-140	173	3	other	other	ADJ
gujaf-140	173	4	hand	hand	NOUN
gujaf-140	173	5	,	,	PUNCT
gujaf-140	173	6	the	the	DET
gujaf-140	173	7	result	result	NOUN
gujaf-140	173	8	variable	variable	NOUN
gujaf-140	173	9	may	may	AUX
gujaf-140	173	10	be	be	AUX
gujaf-140	173	11	influenced	influence	VERB
gujaf-140	173	12	by	by	ADP
gujaf-140	173	13	certain	certain	ADJ
gujaf-140	173	14	entity	entity	NOUN
gujaf-140	173	15	-	-	PUNCT
gujaf-140	173	16	specific	specific	ADJ
gujaf-140	173	17	characteristics	characteristic	NOUN
gujaf-140	173	18	.	.	PUNCT
gujaf-140	174	1	in	in	ADP
gujaf-140	174	2	order	order	NOUN
gujaf-140	174	3	to	to	PART
gujaf-140	174	4	take	take	VERB
gujaf-140	174	5	into	into	ADP
gujaf-140	174	6	consideration	consideration	NOUN
gujaf-140	174	7	,	,	PUNCT
gujaf-140	174	8	the	the	DET
gujaf-140	174	9	influence	influence	NOUN
gujaf-140	174	10	of	of	ADP
gujaf-140	174	11	unobserved	unobserved	ADJ
gujaf-140	174	12	heterogeneity	heterogeneity	NOUN
gujaf-140	174	13	in	in	ADP
gujaf-140	174	14	the	the	DET
gujaf-140	174	15	fixed	fixed	ADJ
gujaf-140	174	16	effect	effect	NOUN
gujaf-140	174	17	regression	regression	NOUN
gujaf-140	174	18	,	,	PUNCT
gujaf-140	174	19	the	the	DET
gujaf-140	174	20	least	least	ADJ
gujaf-140	174	21	square	square	ADJ
gujaf-140	174	22	dummy	dummy	NOUN
gujaf-140	174	23	(	(	PUNCT
gujaf-140	174	24	lsd	lsd	NOUN
gujaf-140	174	25	)	)	PUNCT
gujaf-140	174	26	was	be	AUX
gujaf-140	174	27	included	include	VERB
gujaf-140	174	28	into	into	ADP
gujaf-140	174	29	the	the	DET
gujaf-140	174	30	model	model	NOUN
gujaf-140	174	31	.	.	PUNCT
gujaf-140	175	1	this	this	PRON
gujaf-140	175	2	was	be	AUX
gujaf-140	175	3	done	do	VERB
gujaf-140	175	4	in	in	ADP
gujaf-140	175	5	order	order	NOUN
gujaf-140	175	6	to	to	PART
gujaf-140	175	7	make	make	VERB
gujaf-140	175	8	the	the	DET
gujaf-140	175	9	model	model	NOUN
gujaf-140	175	10	more	more	ADV
gujaf-140	175	11	accurate	accurate	ADJ
gujaf-140	175	12	.	.	PUNCT
gujaf-140	176	1	the	the	DET
gujaf-140	176	2	next	next	ADJ
gujaf-140	176	3	part	part	NOUN
gujaf-140	176	4	will	will	AUX
gujaf-140	176	5	thus	thus	ADV
gujaf-140	176	6	examine	examine	VERB
gujaf-140	176	7	and	and	CCONJ
gujaf-140	176	8	assess	assess	VERB
gujaf-140	176	9	the	the	DET
gujaf-140	176	10	study	study	NOUN
gujaf-140	176	11	's	's	PART
gujaf-140	176	12	hypotheses	hypothesis	NOUN
gujaf-140	176	13	.	.	PUNCT
gujaf-140	177	1	hypotheses	hypothesis	NOUN
gujaf-140	177	2	testing	test	VERB
gujaf-140	177	3	the	the	DET
gujaf-140	177	4	hypotheses	hypothesis	NOUN
gujaf-140	177	5	are	be	AUX
gujaf-140	177	6	examined	examine	VERB
gujaf-140	177	7	in	in	ADP
gujaf-140	177	8	this	this	DET
gujaf-140	177	9	part	part	NOUN
gujaf-140	177	10	to	to	PART
gujaf-140	177	11	determine	determine	VERB
gujaf-140	177	12	the	the	DET
gujaf-140	177	13	influence	influence	NOUN
gujaf-140	177	14	of	of	ADP
gujaf-140	177	15	board	board	NOUN
gujaf-140	177	16	structure	structure	NOUN
gujaf-140	177	17	on	on	ADP
gujaf-140	177	18	the	the	DET
gujaf-140	177	19	financial	financial	ADJ
gujaf-140	177	20	performance	performance	NOUN
gujaf-140	177	21	of	of	ADP
gujaf-140	177	22	listed	list	VERB
gujaf-140	177	23	pharmaceutical	pharmaceutical	ADJ
gujaf-140	177	24	companies	company	NOUN
gujaf-140	177	25	in	in	ADP
gujaf-140	177	26	nigeria	nigeria	PROPN
gujaf-140	177	27	.	.	PUNCT
gujaf-140	178	1	the	the	DET
gujaf-140	178	2	regression	regression	NOUN
gujaf-140	178	3	coefficient	coefficient	NOUN
gujaf-140	178	4	for	for	ADP
gujaf-140	178	5	the	the	DET
gujaf-140	178	6	analysis	analysis	NOUN
gujaf-140	178	7	is	be	AUX
gujaf-140	178	8	shown	show	VERB
gujaf-140	178	9	in	in	ADP
gujaf-140	178	10	table	table	NOUN
gujaf-140	178	11	6	6	NUM
gujaf-140	178	12	.	.	PUNCT
gujaf-140	178	13	table	table	NOUN
gujaf-140	178	14	:	:	PUNCT
gujaf-140	178	15	6	6	NUM
gujaf-140	178	16	regression	regression	NOUN
gujaf-140	178	17	result	result	NOUN
gujaf-140	178	18	for	for	ADP
gujaf-140	178	19	model	model	NOUN
gujaf-140	178	20	of	of	ADP
gujaf-140	178	21	study	study	NOUN
gujaf-140	178	22	statistics	statistic	NOUN
gujaf-140	178	23	variables	variable	VERB
gujaf-140	178	24	beta	beta	ADJ
gujaf-140	178	25	coefficients	coefficient	NOUN
gujaf-140	178	26	t.	t.	NOUN
gujaf-140	178	27	value	value	NOUN
gujaf-140	178	28	sig	sig	NOUN
gujaf-140	178	29	14	14	NUM
gujaf-140	178	30	fd	fd	VERB
gujaf-140	178	31	insd	insd	ADV
gujaf-140	178	32	nexd	nexd	ADJ
gujaf-140	178	33	bsz	bsz	NOUN
gujaf-140	178	34	constant	constant	ADJ
gujaf-140	178	35	0.7890	0.7890	NUM
gujaf-140	178	36	0.4150	0.4150	NUM
gujaf-140	178	37	-0.3958	-0.3958	NOUN
gujaf-140	178	38	0.0034	0.0034	NUM
gujaf-140	178	39	0.0963	0.0963	NUM
gujaf-140	178	40	-5.05	-5.05	NUM
gujaf-140	178	41	3.25	3.25	NUM
gujaf-140	178	42	-.2.91	-.2.91	NOUN
gujaf-140	178	43	0.03	0.03	NUM
gujaf-140	178	44	0.35	0.35	NUM
gujaf-140	178	45	0.000	0.000	NUM
gujaf-140	178	46	0.002	0.002	NUM
gujaf-140	178	47	0.005	0.005	NUM
gujaf-140	178	48	0.977	0.977	NUM
gujaf-140	178	49	0.730	0.730	NUM
gujaf-140	178	50	r2	r2	NOUN
gujaf-140	178	51	0.3801	0.3801	NUM
gujaf-140	178	52	adjr2	adjr2	NOUN
gujaf-140	178	53	0.2750	0.2750	NUM
gujaf-140	178	54	f.statistical	f.statistical	ADJ
gujaf-140	178	55	3.62	3.62	NUM
gujaf-140	178	56	sign	sign	NOUN
gujaf-140	178	57	0.0009	0.0009	NUM
gujaf-140	178	58	source	source	NOUN
gujaf-140	178	59	:	:	PUNCT
gujaf-140	178	60	stata	stata	NOUN
gujaf-140	178	61	output	output	NOUN
gujaf-140	178	62	,	,	PUNCT
gujaf-140	178	63	2022	2022	NUM
gujaf-140	178	64	.	.	PUNCT
gujaf-140	179	1	according	accord	VERB
gujaf-140	179	2	to	to	ADP
gujaf-140	179	3	table	table	NOUN
gujaf-140	179	4	6	6	NUM
gujaf-140	179	5	,	,	PUNCT
gujaf-140	179	6	the	the	DET
gujaf-140	179	7	value	value	NOUN
gujaf-140	179	8	of	of	ADP
gujaf-140	179	9	female	female	ADJ
gujaf-140	179	10	directors	director	NOUN
gujaf-140	179	11	of	of	ADP
gujaf-140	179	12	pharmaceutical	pharmaceutical	ADJ
gujaf-140	179	13	companies	company	NOUN
gujaf-140	179	14	(	(	PUNCT
gujaf-140	179	15	fd	fd	PROPN
gujaf-140	179	16	)	)	PUNCT
gujaf-140	179	17	in	in	ADP
gujaf-140	179	18	nigeria	nigeria	PROPN
gujaf-140	179	19	is	be	AUX
gujaf-140	179	20	-5.05	-5.05	NUM
gujaf-140	179	21	and	and	CCONJ
gujaf-140	179	22	a	a	DET
gujaf-140	179	23	coefficient	coefficient	NOUN
gujaf-140	179	24	of	of	ADP
gujaf-140	179	25	-0.7890	-0.7890	NOUN
gujaf-140	179	26	.	.	PUNCT
gujaf-140	180	1	at	at	ADP
gujaf-140	180	2	the	the	DET
gujaf-140	180	3	1	1	NUM
gujaf-140	180	4	%	%	NOUN
gujaf-140	180	5	threshold	threshold	NOUN
gujaf-140	180	6	of	of	ADP
gujaf-140	180	7	statistical	statistical	ADJ
gujaf-140	180	8	significance	significance	NOUN
gujaf-140	180	9	,	,	PUNCT
gujaf-140	180	10	both	both	DET
gujaf-140	180	11	stats	stat	NOUN
gujaf-140	180	12	are	be	AUX
gujaf-140	180	13	significant	significant	ADJ
gujaf-140	180	14	(	(	PUNCT
gujaf-140	180	15	0.00	0.00	NUM
gujaf-140	180	16	p	p	NOUN
gujaf-140	180	17	-	-	PUNCT
gujaf-140	180	18	value	value	NOUN
gujaf-140	180	19	)	)	PUNCT
gujaf-140	180	20	.	.	PUNCT
gujaf-140	181	1	this	this	PRON
gujaf-140	181	2	indicates	indicate	VERB
gujaf-140	181	3	that	that	SCONJ
gujaf-140	181	4	female	female	ADJ
gujaf-140	181	5	directors	director	NOUN
gujaf-140	181	6	have	have	VERB
gujaf-140	181	7	a	a	DET
gujaf-140	181	8	detrimental	detrimental	ADJ
gujaf-140	181	9	effect	effect	NOUN
gujaf-140	181	10	on	on	ADP
gujaf-140	181	11	the	the	DET
gujaf-140	181	12	return	return	NOUN
gujaf-140	181	13	on	on	ADP
gujaf-140	181	14	assets	asset	NOUN
gujaf-140	181	15	(	(	PUNCT
gujaf-140	181	16	roa	roa	NOUN
gujaf-140	181	17	)	)	PUNCT
gujaf-140	181	18	of	of	ADP
gujaf-140	181	19	publicly	publicly	ADV
gujaf-140	181	20	traded	trade	VERB
gujaf-140	181	21	pharmaceutical	pharmaceutical	ADJ
gujaf-140	181	22	companies	company	NOUN
gujaf-140	181	23	in	in	ADP
gujaf-140	181	24	nigeria	nigeria	PROPN
gujaf-140	181	25	.	.	PUNCT
gujaf-140	182	1	with	with	ADP
gujaf-140	182	2	a	a	DET
gujaf-140	182	3	78	78	NUM
gujaf-140	182	4	percent	percent	NOUN
gujaf-140	182	5	drop	drop	NOUN
gujaf-140	182	6	in	in	ADP
gujaf-140	182	7	roa	roa	NOUN
gujaf-140	182	8	when	when	SCONJ
gujaf-140	182	9	more	more	ADJ
gujaf-140	182	10	fd	fd	PROPN
gujaf-140	182	11	is	be	AUX
gujaf-140	182	12	present	present	ADJ
gujaf-140	182	13	,	,	PUNCT
gujaf-140	182	14	this	this	PRON
gujaf-140	182	15	means	mean	VERB
gujaf-140	182	16	that	that	SCONJ
gujaf-140	182	17	fd	fd	PROPN
gujaf-140	182	18	and	and	CCONJ
gujaf-140	182	19	roa	roa	PROPN
gujaf-140	182	20	are	be	AUX
gujaf-140	182	21	negatively	negatively	ADV
gujaf-140	182	22	correlated	correlate	VERB
gujaf-140	182	23	.	.	PUNCT
gujaf-140	183	1	thus	thus	ADV
gujaf-140	183	2	,	,	PUNCT
gujaf-140	183	3	there	there	PRON
gujaf-140	183	4	is	be	VERB
gujaf-140	183	5	a	a	DET
gujaf-140	183	6	clear	clear	ADJ
gujaf-140	183	7	relationship	relationship	NOUN
gujaf-140	183	8	between	between	ADP
gujaf-140	183	9	the	the	DET
gujaf-140	183	10	ratio	ratio	NOUN
gujaf-140	183	11	of	of	ADP
gujaf-140	183	12	female	female	ADJ
gujaf-140	183	13	principals	principal	NOUN
gujaf-140	183	14	and	and	CCONJ
gujaf-140	183	15	the	the	DET
gujaf-140	183	16	return	return	NOUN
gujaf-140	183	17	on	on	ADP
gujaf-140	183	18	assets	asset	NOUN
gujaf-140	183	19	.	.	PUNCT
gujaf-140	184	1	the	the	DET
gujaf-140	184	2	results	result	NOUN
gujaf-140	184	3	refute	refute	VERB
gujaf-140	184	4	the	the	DET
gujaf-140	184	5	first	first	ADJ
gujaf-140	184	6	null	null	ADJ
gujaf-140	184	7	hypothesis	hypothesis	NOUN
gujaf-140	184	8	(	(	PUNCT
gujaf-140	184	9	h01	h01	PROPN
gujaf-140	184	10	)	)	PUNCT
gujaf-140	184	11	,	,	PUNCT
gujaf-140	184	12	which	which	PRON
gujaf-140	184	13	claims	claim	VERB
gujaf-140	184	14	that	that	SCONJ
gujaf-140	184	15	having	have	VERB
gujaf-140	184	16	female	female	ADJ
gujaf-140	184	17	directors	director	NOUN
gujaf-140	184	18	has	have	VERB
gujaf-140	184	19	little	little	ADJ
gujaf-140	184	20	or	or	CCONJ
gujaf-140	184	21	no	no	PRON
gujaf-140	184	22	financial	financial	ADJ
gujaf-140	184	23	impact	impact	NOUN
gujaf-140	184	24	on	on	ADP
gujaf-140	184	25	publicly	publicly	ADV
gujaf-140	184	26	listed	list	VERB
gujaf-140	184	27	nigerian	nigerian	ADJ
gujaf-140	184	28	pharmaceutical	pharmaceutical	NOUN
gujaf-140	184	29	companies	company	NOUN
gujaf-140	184	30	.	.	PUNCT
gujaf-140	185	1	the	the	DET
gujaf-140	185	2	study	study	NOUN
gujaf-140	185	3	found	find	VERB
gujaf-140	185	4	that	that	SCONJ
gujaf-140	185	5	the	the	DET
gujaf-140	185	6	presence	presence	NOUN
gujaf-140	185	7	of	of	ADP
gujaf-140	185	8	female	female	ADJ
gujaf-140	185	9	directors	director	NOUN
gujaf-140	185	10	significantly	significantly	ADV
gujaf-140	185	11	affects	affect	VERB
gujaf-140	185	12	the	the	DET
gujaf-140	185	13	return	return	NOUN
gujaf-140	185	14	on	on	ADP
gujaf-140	185	15	assets	asset	NOUN
gujaf-140	185	16	of	of	ADP
gujaf-140	185	17	listed	list	VERB
gujaf-140	185	18	pharmaceutical	pharmaceutical	ADJ
gujaf-140	185	19	companies	company	NOUN
gujaf-140	185	20	in	in	ADP
gujaf-140	185	21	nigeria	nigeria	PROPN
gujaf-140	185	22	,	,	PUNCT
gujaf-140	185	23	albeit	albeit	SCONJ
gujaf-140	185	24	in	in	ADP
gujaf-140	185	25	a	a	DET
gujaf-140	185	26	negative	negative	ADJ
gujaf-140	185	27	way	way	NOUN
gujaf-140	185	28	.	.	PUNCT
gujaf-140	186	1	the	the	DET
gujaf-140	186	2	table	table	NOUN
gujaf-140	186	3	also	also	ADV
gujaf-140	186	4	shows	show	VERB
gujaf-140	186	5	,	,	PUNCT
gujaf-140	186	6	with	with	ADP
gujaf-140	186	7	coefficients	coefficient	NOUN
gujaf-140	186	8	of	of	ADP
gujaf-140	186	9	0.4150	0.4150	NUM
gujaf-140	186	10	and	and	CCONJ
gujaf-140	186	11	a	a	DET
gujaf-140	186	12	t	t	NOUN
gujaf-140	186	13	-	-	PUNCT
gujaf-140	186	14	value	value	NOUN
gujaf-140	186	15	of	of	ADP
gujaf-140	186	16	3.25	3.25	NUM
gujaf-140	186	17	,	,	PUNCT
gujaf-140	186	18	both	both	PRON
gujaf-140	186	19	of	of	ADP
gujaf-140	186	20	which	which	PRON
gujaf-140	186	21	are	be	AUX
gujaf-140	186	22	statistically	statistically	ADV
gujaf-140	186	23	significant	significant	ADJ
gujaf-140	186	24	at	at	ADP
gujaf-140	186	25	the	the	DET
gujaf-140	186	26	1	1	NUM
gujaf-140	186	27	%	%	NOUN
gujaf-140	186	28	level	level	NOUN
gujaf-140	186	29	,	,	PUNCT
gujaf-140	186	30	that	that	SCONJ
gujaf-140	186	31	the	the	DET
gujaf-140	186	32	institutional	institutional	ADJ
gujaf-140	186	33	director	director	NOUN
gujaf-140	186	34	(	(	PUNCT
gujaf-140	186	35	insd	insd	ADV
gujaf-140	186	36	)	)	PUNCT
gujaf-140	186	37	of	of	ADP
gujaf-140	186	38	the	the	DET
gujaf-140	186	39	pharmaceutical	pharmaceutical	ADJ
gujaf-140	186	40	companies	company	NOUN
gujaf-140	186	41	included	include	VERB
gujaf-140	186	42	in	in	ADP
gujaf-140	186	43	the	the	DET
gujaf-140	186	44	sample	sample	NOUN
gujaf-140	186	45	in	in	ADP
gujaf-140	186	46	nigeria	nigeria	PROPN
gujaf-140	186	47	has	have	VERB
gujaf-140	186	48	a	a	DET
gujaf-140	186	49	statistically	statistically	ADV
gujaf-140	186	50	significant	significant	ADJ
gujaf-140	186	51	positive	positive	ADJ
gujaf-140	186	52	effect	effect	NOUN
gujaf-140	186	53	on	on	ADP
gujaf-140	186	54	yield	yield	NOUN
gujaf-140	186	55	.	.	PUNCT
gujaf-140	187	1	on	on	ADP
gujaf-140	187	2	the	the	DET
gujaf-140	187	3	assets	asset	NOUN
gujaf-140	187	4	of	of	ADP
gujaf-140	187	5	pharmaceutical	pharmaceutical	NOUN
gujaf-140	187	6	companies	company	NOUN
gujaf-140	187	7	.	.	PUNCT
gujaf-140	188	1	the	the	DET
gujaf-140	188	2	inclusion	inclusion	NOUN
gujaf-140	188	3	of	of	ADP
gujaf-140	188	4	these	these	DET
gujaf-140	188	5	two	two	NUM
gujaf-140	188	6	values	value	NOUN
gujaf-140	188	7	in	in	ADP
gujaf-140	188	8	the	the	DET
gujaf-140	188	9	table	table	NOUN
gujaf-140	188	10	illustrates	illustrate	VERB
gujaf-140	188	11	this	this	PRON
gujaf-140	188	12	.	.	PUNCT
gujaf-140	189	1	this	this	PRON
gujaf-140	189	2	is	be	AUX
gujaf-140	189	3	evidenced	evidence	VERB
gujaf-140	189	4	by	by	ADP
gujaf-140	189	5	the	the	DET
gujaf-140	189	6	fact	fact	NOUN
gujaf-140	189	7	that	that	SCONJ
gujaf-140	189	8	the	the	DET
gujaf-140	189	9	table	table	NOUN
gujaf-140	189	10	meets	meet	VERB
gujaf-140	189	11	the	the	DET
gujaf-140	189	12	criteria	criterion	NOUN
gujaf-140	189	13	for	for	ADP
gujaf-140	189	14	classification	classification	NOUN
gujaf-140	189	15	as	as	ADP
gujaf-140	189	16	an	an	DET
gujaf-140	189	17	evidence	evidence	NOUN
gujaf-140	189	18	table	table	NOUN
gujaf-140	189	19	(	(	PUNCT
gujaf-140	189	20	p	p	NOUN
gujaf-140	189	21	-	-	PUNCT
gujaf-140	189	22	value	value	NOUN
gujaf-140	189	23	0.002	0.002	NUM
gujaf-140	189	24	)	)	PUNCT
gujaf-140	189	25	.	.	PUNCT
gujaf-140	190	1	this	this	PRON
gujaf-140	190	2	means	mean	VERB
gujaf-140	190	3	that	that	SCONJ
gujaf-140	190	4	the	the	DET
gujaf-140	190	5	institutional	institutional	ADJ
gujaf-140	190	6	directors	director	NOUN
gujaf-140	190	7	(	(	PUNCT
gujaf-140	190	8	insd	insd	ADV
gujaf-140	190	9	)	)	PUNCT
gujaf-140	190	10	have	have	VERB
gujaf-140	190	11	a	a	DET
gujaf-140	190	12	substantial	substantial	ADJ
gujaf-140	190	13	and	and	CCONJ
gujaf-140	190	14	positive	positive	ADJ
gujaf-140	190	15	impact	impact	NOUN
gujaf-140	190	16	on	on	ADP
gujaf-140	190	17	the	the	DET
gujaf-140	190	18	return	return	NOUN
gujaf-140	190	19	on	on	ADP
gujaf-140	190	20	assets	asset	NOUN
gujaf-140	190	21	of	of	ADP
gujaf-140	190	22	publicly	publicly	ADV
gujaf-140	190	23	listed	list	VERB
gujaf-140	190	24	nigerian	nigerian	ADJ
gujaf-140	190	25	pharmaceutical	pharmaceutical	NOUN
gujaf-140	190	26	companies	company	NOUN
gujaf-140	190	27	.	.	PUNCT
gujaf-140	191	1	this	this	PRON
gujaf-140	191	2	is	be	AUX
gujaf-140	191	3	a	a	DET
gujaf-140	191	4	reasonable	reasonable	ADJ
gujaf-140	191	5	conclusion	conclusion	NOUN
gujaf-140	191	6	based	base	VERB
gujaf-140	191	7	on	on	ADP
gujaf-140	191	8	the	the	DET
gujaf-140	191	9	evidence	evidence	NOUN
gujaf-140	191	10	presented	present	VERB
gujaf-140	191	11	.	.	PUNCT
gujaf-140	192	1	in	in	ADP
gujaf-140	192	2	addition	addition	NOUN
gujaf-140	192	3	,	,	PUNCT
gujaf-140	192	4	it	it	PRON
gujaf-140	192	5	was	be	AUX
gujaf-140	192	6	determined	determine	VERB
gujaf-140	192	7	that	that	SCONJ
gujaf-140	192	8	there	there	PRON
gujaf-140	192	9	was	be	VERB
gujaf-140	192	10	a	a	DET
gujaf-140	192	11	significant	significant	ADJ
gujaf-140	192	12	link	link	NOUN
gujaf-140	192	13	between	between	ADP
gujaf-140	192	14	insd	insd	ADV
gujaf-140	192	15	and	and	CCONJ
gujaf-140	192	16	roa	roa	PROPN
gujaf-140	192	17	,	,	PUNCT
gujaf-140	192	18	with	with	ADP
gujaf-140	192	19	a	a	DET
gujaf-140	192	20	41	41	NUM
gujaf-140	192	21	percent	percent	NOUN
gujaf-140	192	22	increase	increase	NOUN
gujaf-140	192	23	in	in	ADP
gujaf-140	192	24	return	return	NOUN
gujaf-140	192	25	on	on	ADP
gujaf-140	192	26	assets	asset	NOUN
gujaf-140	192	27	for	for	ADP
gujaf-140	192	28	each	each	DET
gujaf-140	192	29	additional	additional	ADJ
gujaf-140	192	30	institutional	institutional	ADJ
gujaf-140	192	31	manager	manager	NOUN
gujaf-140	192	32	,	,	PUNCT
gujaf-140	192	33	indicating	indicate	VERB
gujaf-140	192	34	that	that	SCONJ
gujaf-140	192	35	the	the	DET
gujaf-140	192	36	increase	increase	NOUN
gujaf-140	192	37	in	in	ADP
gujaf-140	192	38	roa	roa	PROPN
gujaf-140	192	39	was	be	AUX
gujaf-140	192	40	proportional	proportional	ADJ
gujaf-140	192	41	to	to	ADP
gujaf-140	192	42	the	the	DET
gujaf-140	192	43	presence	presence	NOUN
gujaf-140	192	44	of	of	ADP
gujaf-140	192	45	institutional	institutional	ADJ
gujaf-140	192	46	managers	manager	NOUN
gujaf-140	192	47	.	.	PUNCT
gujaf-140	193	1	in	in	ADP
gujaf-140	193	2	addition	addition	NOUN
gujaf-140	193	3	,	,	PUNCT
gujaf-140	193	4	the	the	DET
gujaf-140	193	5	data	datum	NOUN
gujaf-140	193	6	indicated	indicate	VERB
gujaf-140	193	7	a	a	DET
gujaf-140	193	8	strong	strong	ADJ
gujaf-140	193	9	link	link	NOUN
gujaf-140	193	10	between	between	ADP
gujaf-140	193	11	roa	roa	NOUN
gujaf-140	193	12	and	and	CCONJ
gujaf-140	193	13	insd	insd	ADV
gujaf-140	193	14	.	.	PUNCT
gujaf-140	194	1	this	this	DET
gujaf-140	194	2	guide	guide	NOUN
gujaf-140	194	3	accurately	accurately	ADV
gujaf-140	194	4	explains	explain	VERB
gujaf-140	194	5	why	why	SCONJ
gujaf-140	194	6	there	there	PRON
gujaf-140	194	7	is	be	VERB
gujaf-140	194	8	a	a	DET
gujaf-140	194	9	positive	positive	ADJ
gujaf-140	194	10	correlation	correlation	NOUN
gujaf-140	194	11	between	between	ADP
gujaf-140	194	12	institutional	institutional	ADJ
gujaf-140	194	13	managers	manager	NOUN
gujaf-140	194	14	'	'	PART
gujaf-140	194	15	participation	participation	NOUN
gujaf-140	194	16	and	and	CCONJ
gujaf-140	194	17	15	15	NUM
gujaf-140	194	18	return	return	NOUN
gujaf-140	194	19	on	on	ADP
gujaf-140	194	20	assets	asset	NOUN
gujaf-140	194	21	.	.	PUNCT
gujaf-140	195	1	there	there	PRON
gujaf-140	195	2	is	be	VERB
gujaf-140	195	3	no	no	DET
gujaf-140	195	4	evidence	evidence	NOUN
gujaf-140	195	5	to	to	PART
gujaf-140	195	6	support	support	VERB
gujaf-140	195	7	the	the	DET
gujaf-140	195	8	second	second	ADJ
gujaf-140	195	9	null	null	ADJ
gujaf-140	195	10	hypothesis	hypothesis	NOUN
gujaf-140	195	11	(	(	PUNCT
gujaf-140	195	12	h02	h02	PROPN
gujaf-140	195	13	)	)	PUNCT
gujaf-140	195	14	,	,	PUNCT
gujaf-140	195	15	which	which	PRON
gujaf-140	195	16	asserts	assert	VERB
gujaf-140	195	17	that	that	SCONJ
gujaf-140	195	18	institutional	institutional	ADJ
gujaf-140	195	19	director	director	NOUN
gujaf-140	195	20	management	management	NOUN
gujaf-140	195	21	has	have	VERB
gujaf-140	195	22	no	no	DET
gujaf-140	195	23	effect	effect	NOUN
gujaf-140	195	24	on	on	ADP
gujaf-140	195	25	the	the	DET
gujaf-140	195	26	return	return	NOUN
gujaf-140	195	27	on	on	ADP
gujaf-140	195	28	assets	asset	NOUN
gujaf-140	195	29	of	of	ADP
gujaf-140	195	30	listed	list	VERB
gujaf-140	195	31	nigerian	nigerian	ADJ
gujaf-140	195	32	pharmaceutical	pharmaceutical	NOUN
gujaf-140	195	33	companies	company	NOUN
gujaf-140	195	34	.	.	PUNCT
gujaf-140	196	1	the	the	DET
gujaf-140	196	2	inclusion	inclusion	NOUN
gujaf-140	196	3	of	of	ADP
gujaf-140	196	4	institutional	institutional	ADJ
gujaf-140	196	5	directors	director	NOUN
gujaf-140	196	6	on	on	ADP
gujaf-140	196	7	the	the	DET
gujaf-140	196	8	boards	board	NOUN
gujaf-140	196	9	of	of	ADP
gujaf-140	196	10	publicly	publicly	ADV
gujaf-140	196	11	traded	trade	VERB
gujaf-140	196	12	pharmaceutical	pharmaceutical	ADJ
gujaf-140	196	13	companies	company	NOUN
gujaf-140	196	14	in	in	ADP
gujaf-140	196	15	nigeria	nigeria	PROPN
gujaf-140	196	16	throughout	throughout	ADP
gujaf-140	196	17	the	the	DET
gujaf-140	196	18	study	study	NOUN
gujaf-140	196	19	period	period	NOUN
gujaf-140	196	20	resulted	result	VERB
gujaf-140	196	21	in	in	ADP
gujaf-140	196	22	a	a	DET
gujaf-140	196	23	greater	great	ADJ
gujaf-140	196	24	return	return	NOUN
gujaf-140	196	25	on	on	ADP
gujaf-140	196	26	assets	asset	NOUN
gujaf-140	196	27	for	for	ADP
gujaf-140	196	28	those	those	DET
gujaf-140	196	29	companies	company	NOUN
gujaf-140	196	30	,	,	PUNCT
gujaf-140	196	31	according	accord	VERB
gujaf-140	196	32	to	to	ADP
gujaf-140	196	33	the	the	DET
gujaf-140	196	34	study	study	NOUN
gujaf-140	196	35	findings	finding	NOUN
gujaf-140	196	36	.	.	PUNCT
gujaf-140	197	1	in	in	ADP
gujaf-140	197	2	a	a	DET
gujaf-140	197	3	similar	similar	ADJ
gujaf-140	197	4	vein	vein	NOUN
gujaf-140	197	5	,	,	PUNCT
gujaf-140	197	6	the	the	DET
gujaf-140	197	7	table	table	NOUN
gujaf-140	197	8	demonstrates	demonstrate	VERB
gujaf-140	197	9	that	that	SCONJ
gujaf-140	197	10	non	non	ADJ
gujaf-140	197	11	-	-	ADJ
gujaf-140	197	12	executive	executive	ADJ
gujaf-140	197	13	directors	director	NOUN
gujaf-140	197	14	(	(	PUNCT
gujaf-140	197	15	nexd	nexd	PROPN
gujaf-140	197	16	)	)	PUNCT
gujaf-140	197	17	in	in	ADP
gujaf-140	197	18	the	the	DET
gujaf-140	197	19	sample	sample	NOUN
gujaf-140	197	20	of	of	ADP
gujaf-140	197	21	nigerian	nigerian	ADJ
gujaf-140	197	22	listed	list	VERB
gujaf-140	197	23	pharmaceutical	pharmaceutical	NOUN
gujaf-140	197	24	firms	firm	NOUN
gujaf-140	197	25	have	have	VERB
gujaf-140	197	26	a	a	DET
gujaf-140	197	27	significant	significant	ADJ
gujaf-140	197	28	negative	negative	ADJ
gujaf-140	197	29	impact	impact	NOUN
gujaf-140	197	30	on	on	ADP
gujaf-140	197	31	the	the	DET
gujaf-140	197	32	return	return	NOUN
gujaf-140	197	33	on	on	ADP
gujaf-140	197	34	assets	asset	NOUN
gujaf-140	197	35	of	of	ADP
gujaf-140	197	36	the	the	DET
gujaf-140	197	37	pharmaceutical	pharmaceutical	ADJ
gujaf-140	197	38	firms	firm	NOUN
gujaf-140	197	39	,	,	PUNCT
gujaf-140	197	40	with	with	ADP
gujaf-140	197	41	coefficients	coefficient	NOUN
gujaf-140	197	42	of	of	ADP
gujaf-140	197	43	0.3958	0.3958	NUM
gujaf-140	197	44	and	and	CCONJ
gujaf-140	197	45	a	a	DET
gujaf-140	197	46	t	t	NOUN
gujaf-140	197	47	-	-	PUNCT
gujaf-140	197	48	value	value	NOUN
gujaf-140	197	49	of	of	ADP
gujaf-140	197	50	-2.91	-2.91	PRON
gujaf-140	197	51	,	,	PUNCT
gujaf-140	197	52	both	both	PRON
gujaf-140	197	53	of	of	ADP
gujaf-140	197	54	which	which	PRON
gujaf-140	197	55	are	be	AUX
gujaf-140	197	56	statistically	statistically	ADV
gujaf-140	197	57	significant	significant	ADJ
gujaf-140	197	58	at	at	ADP
gujaf-140	197	59	the	the	DET
gujaf-140	197	60	1	1	NUM
gujaf-140	197	61	percent	percent	NOUN
gujaf-140	197	62	level	level	NOUN
gujaf-140	197	63	of	of	ADP
gujaf-140	197	64	significance	significance	NOUN
gujaf-140	197	65	.	.	PUNCT
gujaf-140	198	1	in	in	ADP
gujaf-140	198	2	other	other	ADJ
gujaf-140	198	3	words	word	NOUN
gujaf-140	198	4	,	,	PUNCT
gujaf-140	198	5	the	the	DET
gujaf-140	198	6	table	table	NOUN
gujaf-140	198	7	provides	provide	VERB
gujaf-140	198	8	evidence	evidence	NOUN
gujaf-140	198	9	that	that	SCONJ
gujaf-140	198	10	nonexecutive	nonexecutive	ADJ
gujaf-140	198	11	directors	director	NOUN
gujaf-140	198	12	in	in	ADP
gujaf-140	198	13	the	the	DET
gujaf-140	198	14	sample	sample	NOUN
gujaf-140	198	15	of	of	ADP
gujaf-140	198	16	nigerian	nigerian	ADJ
gujaf-140	198	17	listed	list	VERB
gujaf-140	198	18	pharmaceutical	pharmaceutical	NOUN
gujaf-140	198	19	firms	firm	NOUN
gujaf-140	198	20	have	have	AUX
gujaf-140	198	21	a	a	DET
gujaf-140	198	22	significant	significant	ADJ
gujaf-140	198	23	negative	negative	ADJ
gujaf-140	198	24	(	(	PUNCT
gujaf-140	198	25	p	p	NOUN
gujaf-140	198	26	-	-	PUNCT
gujaf-140	198	27	value	value	NOUN
gujaf-140	198	28	of	of	ADP
gujaf-140	198	29	0.005	0.005	NUM
gujaf-140	198	30	)	)	PUNCT
gujaf-140	198	31	.	.	PUNCT
gujaf-140	199	1	it	it	PRON
gujaf-140	199	2	would	would	AUX
gujaf-140	199	3	appear	appear	VERB
gujaf-140	199	4	that	that	SCONJ
gujaf-140	199	5	the	the	DET
gujaf-140	199	6	profitability	profitability	NOUN
gujaf-140	199	7	of	of	ADP
gujaf-140	199	8	nigeria	nigeria	PROPN
gujaf-140	199	9	's	's	PART
gujaf-140	199	10	publicly	publicly	ADV
gujaf-140	199	11	traded	trade	VERB
gujaf-140	199	12	pharmaceutical	pharmaceutical	ADJ
gujaf-140	199	13	companies	company	NOUN
gujaf-140	199	14	would	would	AUX
gujaf-140	199	15	drop	drop	VERB
gujaf-140	199	16	by	by	ADP
gujaf-140	199	17	39.5	39.5	NUM
gujaf-140	199	18	%	%	NOUN
gujaf-140	199	19	for	for	ADP
gujaf-140	199	20	every	every	DET
gujaf-140	199	21	additional	additional	ADJ
gujaf-140	199	22	rise	rise	NOUN
gujaf-140	199	23	in	in	ADP
gujaf-140	199	24	the	the	DET
gujaf-140	199	25	number	number	NOUN
gujaf-140	199	26	of	of	ADP
gujaf-140	199	27	institutional	institutional	ADJ
gujaf-140	199	28	directors	director	NOUN
gujaf-140	199	29	serving	serve	VERB
gujaf-140	199	30	on	on	ADP
gujaf-140	199	31	the	the	DET
gujaf-140	199	32	boards	board	NOUN
gujaf-140	199	33	of	of	ADP
gujaf-140	199	34	those	those	DET
gujaf-140	199	35	companies	company	NOUN
gujaf-140	199	36	.	.	PUNCT
gujaf-140	200	1	this	this	PRON
gujaf-140	200	2	would	would	AUX
gujaf-140	200	3	be	be	AUX
gujaf-140	200	4	the	the	DET
gujaf-140	200	5	case	case	NOUN
gujaf-140	200	6	for	for	ADP
gujaf-140	200	7	each	each	DET
gujaf-140	200	8	additional	additional	ADJ
gujaf-140	200	9	rise	rise	NOUN
gujaf-140	200	10	in	in	ADP
gujaf-140	200	11	the	the	DET
gujaf-140	200	12	number	number	NOUN
gujaf-140	200	13	of	of	ADP
gujaf-140	200	14	institutional	institutional	ADJ
gujaf-140	200	15	directors	director	NOUN
gujaf-140	200	16	.	.	PUNCT
gujaf-140	201	1	as	as	ADP
gujaf-140	201	2	a	a	DET
gujaf-140	201	3	consequence	consequence	NOUN
gujaf-140	201	4	of	of	ADP
gujaf-140	201	5	this	this	DET
gujaf-140	201	6	finding	finding	NOUN
gujaf-140	201	7	,	,	PUNCT
gujaf-140	201	8	the	the	DET
gujaf-140	201	9	third	third	ADJ
gujaf-140	201	10	iteration	iteration	NOUN
gujaf-140	201	11	of	of	ADP
gujaf-140	201	12	the	the	DET
gujaf-140	201	13	null	null	ADJ
gujaf-140	201	14	hypothesis	hypothesis	NOUN
gujaf-140	201	15	,	,	PUNCT
gujaf-140	201	16	which	which	PRON
gujaf-140	201	17	is	be	AUX
gujaf-140	201	18	designated	designate	VERB
gujaf-140	201	19	by	by	ADP
gujaf-140	201	20	the	the	DET
gujaf-140	201	21	letter	letter	NOUN
gujaf-140	201	22	h03	h03	NOUN
gujaf-140	201	23	and	and	CCONJ
gujaf-140	201	24	asserts	assert	VERB
gujaf-140	201	25	that	that	SCONJ
gujaf-140	201	26	institutional	institutional	ADJ
gujaf-140	201	27	directors	director	NOUN
gujaf-140	201	28	do	do	AUX
gujaf-140	201	29	not	not	PART
gujaf-140	201	30	have	have	VERB
gujaf-140	201	31	a	a	DET
gujaf-140	201	32	significant	significant	ADJ
gujaf-140	201	33	impact	impact	NOUN
gujaf-140	201	34	on	on	ADP
gujaf-140	201	35	the	the	DET
gujaf-140	201	36	profitability	profitability	NOUN
gujaf-140	201	37	of	of	ADP
gujaf-140	201	38	publicly	publicly	ADV
gujaf-140	201	39	listed	list	VERB
gujaf-140	201	40	pharmaceutical	pharmaceutical	ADJ
gujaf-140	201	41	businesses	business	NOUN
gujaf-140	201	42	in	in	ADP
gujaf-140	201	43	nigeria	nigeria	PROPN
gujaf-140	201	44	,	,	PUNCT
gujaf-140	201	45	is	be	AUX
gujaf-140	201	46	not	not	PART
gujaf-140	201	47	supported	support	VERB
gujaf-140	201	48	by	by	ADP
gujaf-140	201	49	the	the	DET
gujaf-140	201	50	research	research	NOUN
gujaf-140	201	51	.	.	PUNCT
gujaf-140	202	1	this	this	DET
gujaf-140	202	2	finding	finding	NOUN
gujaf-140	202	3	indicates	indicate	VERB
gujaf-140	202	4	that	that	SCONJ
gujaf-140	202	5	the	the	DET
gujaf-140	202	6	null	null	ADJ
gujaf-140	202	7	hypothesis	hypothesis	NOUN
gujaf-140	202	8	is	be	AUX
gujaf-140	202	9	not	not	PART
gujaf-140	202	10	correct	correct	ADJ
gujaf-140	202	11	.	.	PUNCT
gujaf-140	203	1	the	the	DET
gujaf-140	203	2	results	result	NOUN
gujaf-140	203	3	of	of	ADP
gujaf-140	203	4	the	the	DET
gujaf-140	203	5	study	study	NOUN
gujaf-140	203	6	led	lead	VERB
gujaf-140	203	7	the	the	DET
gujaf-140	203	8	investigators	investigator	NOUN
gujaf-140	203	9	to	to	ADP
gujaf-140	203	10	the	the	DET
gujaf-140	203	11	conclusion	conclusion	NOUN
gujaf-140	203	12	that	that	SCONJ
gujaf-140	203	13	institutional	institutional	ADJ
gujaf-140	203	14	directors	director	NOUN
gujaf-140	203	15	have	have	AUX
gujaf-140	203	16	had	have	AUX
gujaf-140	203	17	a	a	DET
gujaf-140	203	18	significant	significant	ADJ
gujaf-140	203	19	impact	impact	NOUN
gujaf-140	203	20	,	,	PUNCT
gujaf-140	203	21	both	both	PRON
gujaf-140	203	22	positively	positively	ADV
gujaf-140	203	23	and	and	CCONJ
gujaf-140	203	24	negatively	negatively	ADV
gujaf-140	203	25	,	,	PUNCT
gujaf-140	203	26	on	on	ADP
gujaf-140	203	27	the	the	DET
gujaf-140	203	28	profitability	profitability	NOUN
gujaf-140	203	29	of	of	ADP
gujaf-140	203	30	publicly	publicly	ADV
gujaf-140	203	31	traded	trade	VERB
gujaf-140	203	32	pharmaceutical	pharmaceutical	ADJ
gujaf-140	203	33	businesses	business	NOUN
gujaf-140	203	34	in	in	ADP
gujaf-140	203	35	nigeria	nigeria	PROPN
gujaf-140	203	36	over	over	ADP
gujaf-140	203	37	the	the	DET
gujaf-140	203	38	course	course	NOUN
gujaf-140	203	39	of	of	ADP
gujaf-140	203	40	the	the	DET
gujaf-140	203	41	research	research	NOUN
gujaf-140	203	42	period	period	NOUN
gujaf-140	203	43	.	.	PUNCT
gujaf-140	204	1	this	this	DET
gujaf-140	204	2	conclusion	conclusion	NOUN
gujaf-140	204	3	was	be	AUX
gujaf-140	204	4	reached	reach	VERB
gujaf-140	204	5	as	as	ADP
gujaf-140	204	6	a	a	DET
gujaf-140	204	7	direct	direct	ADJ
gujaf-140	204	8	result	result	NOUN
gujaf-140	204	9	of	of	ADP
gujaf-140	204	10	the	the	DET
gujaf-140	204	11	findings	finding	NOUN
gujaf-140	204	12	of	of	ADP
gujaf-140	204	13	the	the	DET
gujaf-140	204	14	study	study	NOUN
gujaf-140	204	15	.	.	PUNCT
gujaf-140	205	1	last	last	ADJ
gujaf-140	205	2	but	but	CCONJ
gujaf-140	205	3	not	not	PART
gujaf-140	205	4	least	least	ADJ
gujaf-140	205	5	,	,	PUNCT
gujaf-140	205	6	the	the	DET
gujaf-140	205	7	findings	finding	NOUN
gujaf-140	205	8	suggest	suggest	VERB
gujaf-140	205	9	that	that	SCONJ
gujaf-140	205	10	the	the	DET
gujaf-140	205	11	size	size	NOUN
gujaf-140	205	12	of	of	ADP
gujaf-140	205	13	a	a	DET
gujaf-140	205	14	company	company	NOUN
gujaf-140	205	15	's	's	PART
gujaf-140	205	16	board	board	NOUN
gujaf-140	205	17	of	of	ADP
gujaf-140	205	18	directors	director	NOUN
gujaf-140	205	19	has	have	VERB
gujaf-140	205	20	a	a	DET
gujaf-140	205	21	sizeable	sizeable	ADJ
gujaf-140	205	22	and	and	CCONJ
gujaf-140	205	23	positively	positively	ADV
gujaf-140	205	24	significant	significant	ADJ
gujaf-140	205	25	influence	influence	NOUN
gujaf-140	205	26	on	on	ADP
gujaf-140	205	27	the	the	DET
gujaf-140	205	28	profitability	profitability	NOUN
gujaf-140	205	29	of	of	ADP
gujaf-140	205	30	nigerian	nigerian	ADJ
gujaf-140	205	31	listed	list	VERB
gujaf-140	205	32	pharmaceutical	pharmaceutical	ADJ
gujaf-140	205	33	businesses	business	NOUN
gujaf-140	205	34	.	.	PUNCT
gujaf-140	206	1	with	with	ADP
gujaf-140	206	2	a	a	DET
gujaf-140	206	3	coefficient	coefficient	NOUN
gujaf-140	206	4	of	of	ADP
gujaf-140	206	5	0.0034	0.0034	NUM
gujaf-140	206	6	and	and	CCONJ
gujaf-140	206	7	a	a	DET
gujaf-140	206	8	tvalue	tvalue	NOUN
gujaf-140	206	9	of	of	ADP
gujaf-140	206	10	0.03	0.03	NUM
gujaf-140	206	11	that	that	PRON
gujaf-140	206	12	is	be	AUX
gujaf-140	206	13	not	not	PART
gujaf-140	206	14	statistically	statistically	ADV
gujaf-140	206	15	significant	significant	ADJ
gujaf-140	206	16	at	at	ADP
gujaf-140	206	17	any	any	PRON
gujaf-140	206	18	of	of	ADP
gujaf-140	206	19	the	the	DET
gujaf-140	206	20	levels	level	NOUN
gujaf-140	206	21	of	of	ADP
gujaf-140	206	22	significance	significance	NOUN
gujaf-140	206	23	considered	consider	VERB
gujaf-140	206	24	,	,	PUNCT
gujaf-140	206	25	the	the	DET
gujaf-140	206	26	findings	finding	NOUN
gujaf-140	206	27	suggest	suggest	VERB
gujaf-140	206	28	that	that	SCONJ
gujaf-140	206	29	the	the	DET
gujaf-140	206	30	size	size	NOUN
gujaf-140	206	31	of	of	ADP
gujaf-140	206	32	a	a	DET
gujaf-140	206	33	company	company	NOUN
gujaf-140	206	34	's	's	PART
gujaf-140	206	35	board	board	NOUN
gujaf-140	206	36	of	of	ADP
gujaf-140	206	37	directors	director	NOUN
gujaf-140	206	38	has	have	VERB
gujaf-140	206	39	a	a	DET
gujaf-140	206	40	sizeable	sizeable	ADJ
gujaf-140	206	41	and	and	CCONJ
gujaf-140	206	42	positively	positively	ADV
gujaf-140	206	43	significant	significant	ADJ
gujaf-140	206	44	influence	influence	NOUN
gujaf-140	206	45	on	on	ADP
gujaf-140	206	46	the	the	DET
gujaf-140	206	47	profitability	profitability	NOUN
gujaf-140	206	48	of	of	ADP
gujaf-140	206	49	nigerian	nigerian	ADJ
gujaf-140	206	50	listed	list	VERB
gujaf-140	206	51	pharmaceutical	pharmaceutical	NOUN
gujaf-140	206	52	businesses	business	NOUN
gujaf-140	206	53	(	(	PUNCT
gujaf-140	206	54	p	p	NOUN
gujaf-140	206	55	-	-	PUNCT
gujaf-140	206	56	value	value	NOUN
gujaf-140	206	57	of	of	ADP
gujaf-140	206	58	0.977	0.977	NUM
gujaf-140	206	59	)	)	PUNCT
gujaf-140	206	60	.	.	PUNCT
gujaf-140	207	1	this	this	PRON
gujaf-140	207	2	would	would	AUX
gujaf-140	207	3	seem	seem	VERB
gujaf-140	207	4	to	to	PART
gujaf-140	207	5	suggest	suggest	VERB
gujaf-140	207	6	that	that	SCONJ
gujaf-140	207	7	the	the	DET
gujaf-140	207	8	size	size	NOUN
gujaf-140	207	9	of	of	ADP
gujaf-140	207	10	a	a	DET
gujaf-140	207	11	company	company	NOUN
gujaf-140	207	12	's	's	PART
gujaf-140	207	13	board	board	NOUN
gujaf-140	207	14	of	of	ADP
gujaf-140	207	15	directors	director	NOUN
gujaf-140	207	16	does	do	AUX
gujaf-140	207	17	not	not	PART
gujaf-140	207	18	have	have	VERB
gujaf-140	207	19	any	any	DET
gujaf-140	207	20	influence	influence	NOUN
gujaf-140	207	21	on	on	ADP
gujaf-140	207	22	the	the	DET
gujaf-140	207	23	profitability	profitability	NOUN
gujaf-140	207	24	of	of	ADP
gujaf-140	207	25	publicly	publicly	ADV
gujaf-140	207	26	listed	list	VERB
gujaf-140	207	27	pharmaceutical	pharmaceutical	ADJ
gujaf-140	207	28	businesses	business	NOUN
gujaf-140	207	29	in	in	ADP
gujaf-140	207	30	nigeria	nigeria	PROPN
gujaf-140	207	31	.	.	PUNCT
gujaf-140	208	1	however	however	ADV
gujaf-140	208	2	,	,	PUNCT
gujaf-140	208	3	this	this	PRON
gujaf-140	208	4	does	do	AUX
gujaf-140	208	5	not	not	PART
gujaf-140	208	6	appear	appear	VERB
gujaf-140	208	7	to	to	PART
gujaf-140	208	8	be	be	AUX
gujaf-140	208	9	the	the	DET
gujaf-140	208	10	case	case	NOUN
gujaf-140	208	11	.	.	PUNCT
gujaf-140	209	1	in	in	ADP
gujaf-140	209	2	light	light	NOUN
gujaf-140	209	3	of	of	ADP
gujaf-140	209	4	the	the	DET
gujaf-140	209	5	fact	fact	NOUN
gujaf-140	209	6	that	that	SCONJ
gujaf-140	209	7	it	it	PRON
gujaf-140	209	8	was	be	AUX
gujaf-140	209	9	hypothesized	hypothesize	VERB
gujaf-140	209	10	that	that	SCONJ
gujaf-140	209	11	a	a	DET
gujaf-140	209	12	more	more	ADV
gujaf-140	209	13	numerous	numerous	ADJ
gujaf-140	209	14	board	board	NOUN
gujaf-140	209	15	would	would	AUX
gujaf-140	209	16	result	result	VERB
gujaf-140	209	17	in	in	ADP
gujaf-140	209	18	a	a	DET
gujaf-140	209	19	rise	rise	NOUN
gujaf-140	209	20	in	in	ADP
gujaf-140	209	21	profitability	profitability	NOUN
gujaf-140	209	22	,	,	PUNCT
gujaf-140	209	23	the	the	DET
gujaf-140	209	24	outcome	outcome	NOUN
gujaf-140	209	25	came	come	VERB
gujaf-140	209	26	as	as	ADP
gujaf-140	209	27	a	a	DET
gujaf-140	209	28	complete	complete	ADJ
gujaf-140	209	29	surprise	surprise	NOUN
gujaf-140	209	30	.	.	PUNCT
gujaf-140	210	1	this	this	PRON
gujaf-140	210	2	is	be	AUX
gujaf-140	210	3	due	due	ADJ
gujaf-140	210	4	to	to	ADP
gujaf-140	210	5	the	the	DET
gujaf-140	210	6	fact	fact	NOUN
gujaf-140	210	7	that	that	SCONJ
gujaf-140	210	8	it	it	PRON
gujaf-140	210	9	is	be	AUX
gujaf-140	210	10	expected	expect	VERB
gujaf-140	210	11	that	that	SCONJ
gujaf-140	210	12	bigger	big	ADJ
gujaf-140	210	13	boards	board	NOUN
gujaf-140	210	14	would	would	AUX
gujaf-140	210	15	put	put	VERB
gujaf-140	210	16	more	more	ADJ
gujaf-140	210	17	time	time	NOUN
gujaf-140	210	18	and	and	CCONJ
gujaf-140	210	19	effort	effort	NOUN
gujaf-140	210	20	into	into	ADP
gujaf-140	210	21	the	the	DET
gujaf-140	210	22	duty	duty	NOUN
gujaf-140	210	23	of	of	ADP
gujaf-140	210	24	monitoring	monitor	VERB
gujaf-140	210	25	management	management	NOUN
gujaf-140	210	26	,	,	PUNCT
gujaf-140	210	27	in	in	ADP
gujaf-140	210	28	contrast	contrast	NOUN
gujaf-140	210	29	to	to	ADP
gujaf-140	210	30	16	16	NUM
gujaf-140	210	31	smaller	small	ADJ
gujaf-140	210	32	boards	board	NOUN
gujaf-140	210	33	,	,	PUNCT
gujaf-140	210	34	which	which	PRON
gujaf-140	210	35	are	be	AUX
gujaf-140	210	36	expected	expect	VERB
gujaf-140	210	37	to	to	PART
gujaf-140	210	38	invest	invest	VERB
gujaf-140	210	39	less	less	ADJ
gujaf-140	210	40	time	time	NOUN
gujaf-140	210	41	and	and	CCONJ
gujaf-140	210	42	effort	effort	NOUN
gujaf-140	210	43	in	in	ADP
gujaf-140	210	44	the	the	DET
gujaf-140	210	45	task	task	NOUN
gujaf-140	210	46	.	.	PUNCT
gujaf-140	211	1	in	in	ADP
gujaf-140	211	2	a	a	DET
gujaf-140	211	3	similar	similar	ADJ
gujaf-140	211	4	line	line	NOUN
gujaf-140	211	5	,	,	PUNCT
gujaf-140	211	6	larger	large	ADJ
gujaf-140	211	7	boards	board	NOUN
gujaf-140	211	8	are	be	AUX
gujaf-140	211	9	connected	connect	VERB
gujaf-140	211	10	to	to	PART
gujaf-140	211	11	board	board	VERB
gujaf-140	211	12	monitoring	monitoring	NOUN
gujaf-140	211	13	due	due	ADP
gujaf-140	211	14	to	to	ADP
gujaf-140	211	15	their	their	PRON
gujaf-140	211	16	potential	potential	NOUN
gujaf-140	211	17	to	to	PART
gujaf-140	211	18	divide	divide	VERB
gujaf-140	211	19	the	the	DET
gujaf-140	211	20	labor	labor	NOUN
gujaf-140	211	21	weight	weight	NOUN
gujaf-140	211	22	over	over	ADP
gujaf-140	211	23	a	a	DET
gujaf-140	211	24	greater	great	ADJ
gujaf-140	211	25	number	number	NOUN
gujaf-140	211	26	of	of	ADP
gujaf-140	211	27	observers	observer	NOUN
gujaf-140	211	28	.	.	PUNCT
gujaf-140	212	1	this	this	PRON
gujaf-140	212	2	is	be	AUX
gujaf-140	212	3	one	one	NUM
gujaf-140	212	4	of	of	ADP
gujaf-140	212	5	the	the	DET
gujaf-140	212	6	reasons	reason	NOUN
gujaf-140	212	7	why	why	SCONJ
gujaf-140	212	8	larger	large	ADJ
gujaf-140	212	9	boards	board	NOUN
gujaf-140	212	10	are	be	AUX
gujaf-140	212	11	preferred	prefer	VERB
gujaf-140	212	12	for	for	ADP
gujaf-140	212	13	board	board	NOUN
gujaf-140	212	14	monitoring	monitoring	NOUN
gujaf-140	212	15	(	(	PUNCT
gujaf-140	212	16	klein	klein	PROPN
gujaf-140	212	17	,	,	PUNCT
gujaf-140	212	18	2002	2002	NUM
gujaf-140	212	19	)	)	PUNCT
gujaf-140	212	20	.	.	PUNCT
gujaf-140	213	1	5	5	X
gujaf-140	213	2	.	.	X
gujaf-140	213	3	conclusion	conclusion	NOUN
gujaf-140	213	4	and	and	CCONJ
gujaf-140	213	5	recommendations	recommendation	NOUN
gujaf-140	213	6	this	this	DET
gujaf-140	213	7	study	study	NOUN
gujaf-140	213	8	was	be	AUX
gujaf-140	213	9	conducted	conduct	VERB
gujaf-140	213	10	to	to	PART
gujaf-140	213	11	determine	determine	VERB
gujaf-140	213	12	the	the	DET
gujaf-140	213	13	degree	degree	NOUN
gujaf-140	213	14	to	to	PART
gujaf-140	213	15	which	which	PRON
gujaf-140	213	16	the	the	DET
gujaf-140	213	17	board	board	NOUN
gujaf-140	213	18	structures	structure	NOUN
gujaf-140	213	19	of	of	ADP
gujaf-140	213	20	publicly	publicly	ADV
gujaf-140	213	21	listed	list	VERB
gujaf-140	213	22	pharmaceutical	pharmaceutical	ADJ
gujaf-140	213	23	firms	firm	NOUN
gujaf-140	213	24	in	in	ADP
gujaf-140	213	25	nigeria	nigeria	PROPN
gujaf-140	213	26	affect	affect	VERB
gujaf-140	213	27	the	the	DET
gujaf-140	213	28	financial	financial	ADJ
gujaf-140	213	29	performance	performance	NOUN
gujaf-140	213	30	of	of	ADP
gujaf-140	213	31	these	these	DET
gujaf-140	213	32	businesses	business	NOUN
gujaf-140	213	33	.	.	PUNCT
gujaf-140	214	1	based	base	VERB
gujaf-140	214	2	on	on	ADP
gujaf-140	214	3	the	the	DET
gujaf-140	214	4	analysis	analysis	NOUN
gujaf-140	214	5	of	of	ADP
gujaf-140	214	6	the	the	DET
gujaf-140	214	7	data	datum	NOUN
gujaf-140	214	8	and	and	CCONJ
gujaf-140	214	9	the	the	DET
gujaf-140	214	10	testing	testing	NOUN
gujaf-140	214	11	of	of	ADP
gujaf-140	214	12	the	the	DET
gujaf-140	214	13	hypothesis	hypothesis	NOUN
gujaf-140	214	14	,	,	PUNCT
gujaf-140	214	15	the	the	DET
gujaf-140	214	16	research	research	NOUN
gujaf-140	214	17	found	find	VERB
gujaf-140	214	18	that	that	SCONJ
gujaf-140	214	19	female	female	ADJ
gujaf-140	214	20	directors	director	NOUN
gujaf-140	214	21	,	,	PUNCT
gujaf-140	214	22	institutional	institutional	ADJ
gujaf-140	214	23	directors	director	NOUN
gujaf-140	214	24	,	,	PUNCT
gujaf-140	214	25	and	and	CCONJ
gujaf-140	214	26	non	non	ADJ
gujaf-140	214	27	-	-	ADJ
gujaf-140	214	28	executive	executive	ADJ
gujaf-140	214	29	directors	director	NOUN
gujaf-140	214	30	all	all	PRON
gujaf-140	214	31	significantly	significantly	ADV
gujaf-140	214	32	and	and	CCONJ
gujaf-140	214	33	substantially	substantially	ADV
gujaf-140	214	34	influenced	influence	VERB
gujaf-140	214	35	the	the	DET
gujaf-140	214	36	profitability	profitability	NOUN
gujaf-140	214	37	of	of	ADP
gujaf-140	214	38	listed	list	VERB
gujaf-140	214	39	pharmaceutical	pharmaceutical	ADJ
gujaf-140	214	40	enterprises	enterprise	NOUN
gujaf-140	214	41	in	in	ADP
gujaf-140	214	42	nigeria	nigeria	PROPN
gujaf-140	214	43	over	over	ADP
gujaf-140	214	44	the	the	DET
gujaf-140	214	45	course	course	NOUN
gujaf-140	214	46	of	of	ADP
gujaf-140	214	47	the	the	DET
gujaf-140	214	48	study	study	NOUN
gujaf-140	214	49	.	.	PUNCT
gujaf-140	215	1	this	this	DET
gujaf-140	215	2	conclusion	conclusion	NOUN
gujaf-140	215	3	may	may	AUX
gujaf-140	215	4	be	be	AUX
gujaf-140	215	5	made	make	VERB
gujaf-140	215	6	from	from	ADP
gujaf-140	215	7	the	the	DET
gujaf-140	215	8	finding	finding	NOUN
gujaf-140	215	9	that	that	SCONJ
gujaf-140	215	10	the	the	DET
gujaf-140	215	11	size	size	NOUN
gujaf-140	215	12	of	of	ADP
gujaf-140	215	13	the	the	DET
gujaf-140	215	14	board	board	NOUN
gujaf-140	215	15	had	have	AUX
gujaf-140	215	16	no	no	DET
gujaf-140	215	17	impact	impact	NOUN
gujaf-140	215	18	on	on	ADP
gujaf-140	215	19	the	the	DET
gujaf-140	215	20	company	company	NOUN
gujaf-140	215	21	's	's	PART
gujaf-140	215	22	profitability	profitability	NOUN
gujaf-140	215	23	.	.	PUNCT
gujaf-140	216	1	based	base	VERB
gujaf-140	216	2	on	on	ADP
gujaf-140	216	3	the	the	DET
gujaf-140	216	4	findings	finding	NOUN
gujaf-140	216	5	and	and	CCONJ
gujaf-140	216	6	conclusions	conclusion	NOUN
gujaf-140	216	7	of	of	ADP
gujaf-140	216	8	the	the	DET
gujaf-140	216	9	research	research	NOUN
gujaf-140	216	10	,	,	PUNCT
gujaf-140	216	11	the	the	DET
gujaf-140	216	12	report	report	NOUN
gujaf-140	216	13	suggests	suggest	VERB
gujaf-140	216	14	that	that	SCONJ
gujaf-140	216	15	the	the	DET
gujaf-140	216	16	board	board	NOUN
gujaf-140	216	17	of	of	ADP
gujaf-140	216	18	directors	director	NOUN
gujaf-140	216	19	of	of	ADP
gujaf-140	216	20	listed	list	VERB
gujaf-140	216	21	pharmaceutical	pharmaceutical	ADJ
gujaf-140	216	22	enterprises	enterprise	NOUN
gujaf-140	216	23	in	in	ADP
gujaf-140	216	24	nigeria	nigeria	PROPN
gujaf-140	216	25	be	be	AUX
gujaf-140	216	26	limited	limit	VERB
gujaf-140	216	27	to	to	ADP
gujaf-140	216	28	a	a	DET
gujaf-140	216	29	maximum	maximum	NOUN
gujaf-140	216	30	of	of	ADP
gujaf-140	216	31	six	six	NUM
gujaf-140	216	32	members	member	NOUN
gujaf-140	216	33	.	.	PUNCT
gujaf-140	217	1	it	it	PRON
gujaf-140	217	2	's	be	AUX
gujaf-140	217	3	critical	critical	ADJ
gujaf-140	217	4	to	to	PART
gujaf-140	217	5	note	note	VERB
gujaf-140	217	6	that	that	SCONJ
gujaf-140	217	7	they	they	PRON
gujaf-140	217	8	must	must	AUX
gujaf-140	217	9	be	be	AUX
gujaf-140	217	10	placed	place	VERB
gujaf-140	217	11	together	together	ADV
gujaf-140	217	12	in	in	ADP
gujaf-140	217	13	such	such	DET
gujaf-140	217	14	a	a	DET
gujaf-140	217	15	way	way	NOUN
gujaf-140	217	16	that	that	PRON
gujaf-140	217	17	they	they	PRON
gujaf-140	217	18	provide	provide	VERB
gujaf-140	217	19	experience	experience	NOUN
gujaf-140	217	20	diversity	diversity	NOUN
gujaf-140	217	21	while	while	SCONJ
gujaf-140	217	22	maintaining	maintain	VERB
gujaf-140	217	23	integrity	integrity	NOUN
gujaf-140	217	24	,	,	PUNCT
gujaf-140	217	25	accessibility	accessibility	NOUN
gujaf-140	217	26	,	,	PUNCT
gujaf-140	217	27	and	and	CCONJ
gujaf-140	217	28	independence	independence	NOUN
gujaf-140	217	29	.	.	PUNCT
gujaf-140	218	1	this	this	DET
gujaf-140	218	2	recommendation	recommendation	NOUN
gujaf-140	218	3	is	be	AUX
gujaf-140	218	4	part	part	NOUN
gujaf-140	218	5	of	of	ADP
gujaf-140	218	6	a	a	DET
gujaf-140	218	7	bigger	big	ADJ
gujaf-140	218	8	study	study	NOUN
gujaf-140	218	9	that	that	PRON
gujaf-140	218	10	advises	advise	VERB
gujaf-140	218	11	restricting	restrict	VERB
gujaf-140	218	12	the	the	DET
gujaf-140	218	13	size	size	NOUN
gujaf-140	218	14	of	of	ADP
gujaf-140	218	15	the	the	DET
gujaf-140	218	16	board	board	NOUN
gujaf-140	218	17	of	of	ADP
gujaf-140	218	18	directors	director	NOUN
gujaf-140	218	19	of	of	ADP
gujaf-140	218	20	nigerian	nigerian	ADJ
gujaf-140	218	21	listed	list	VERB
gujaf-140	218	22	pharmaceutical	pharmaceutical	ADJ
gujaf-140	218	23	corporations	corporation	NOUN
gujaf-140	218	24	to	to	ADP
gujaf-140	218	25	no	no	PRON
gujaf-140	218	26	more	more	ADJ
gujaf-140	218	27	than	than	ADP
gujaf-140	218	28	reasonable	reasonable	ADJ
gujaf-140	218	29	number	number	NOUN
gujaf-140	218	30	of	of	ADP
gujaf-140	218	31	individuals	individual	NOUN
gujaf-140	218	32	.	.	PUNCT
gujaf-140	219	1	this	this	DET
gujaf-140	219	2	exact	exact	ADJ
gujaf-140	219	3	proposal	proposal	NOUN
gujaf-140	219	4	was	be	AUX
gujaf-140	219	5	created	create	VERB
gujaf-140	219	6	utilizing	utilize	VERB
gujaf-140	219	7	the	the	DET
gujaf-140	219	8	study	study	NOUN
gujaf-140	219	9	data	datum	NOUN
gujaf-140	219	10	and	and	CCONJ
gujaf-140	219	11	results	result	NOUN
gujaf-140	219	12	.	.	PUNCT
gujaf-140	220	1	the	the	DET
gujaf-140	220	2	number	number	NOUN
gujaf-140	220	3	of	of	ADP
gujaf-140	220	4	institutional	institutional	ADJ
gujaf-140	220	5	directors	director	NOUN
gujaf-140	220	6	on	on	ADP
gujaf-140	220	7	the	the	DET
gujaf-140	220	8	boards	board	NOUN
gujaf-140	220	9	of	of	ADP
gujaf-140	220	10	pharmaceutical	pharmaceutical	ADJ
gujaf-140	220	11	companies	company	NOUN
gujaf-140	220	12	with	with	ADP
gujaf-140	220	13	shares	share	NOUN
gujaf-140	220	14	trading	trading	NOUN
gujaf-140	220	15	on	on	ADP
gujaf-140	220	16	nigerian	nigerian	ADJ
gujaf-140	220	17	markets	market	NOUN
gujaf-140	220	18	should	should	AUX
gujaf-140	220	19	be	be	AUX
gujaf-140	220	20	raised	raise	VERB
gujaf-140	220	21	.	.	PUNCT
gujaf-140	221	1	this	this	PRON
gujaf-140	221	2	is	be	AUX
gujaf-140	221	3	because	because	SCONJ
gujaf-140	221	4	it	it	PRON
gujaf-140	221	5	has	have	AUX
gujaf-140	221	6	been	be	AUX
gujaf-140	221	7	demonstrated	demonstrate	VERB
gujaf-140	221	8	positive	positive	ADJ
gujaf-140	221	9	influence	influence	NOUN
gujaf-140	221	10	of	of	ADP
gujaf-140	221	11	performance	performance	NOUN
gujaf-140	221	12	references	reference	NOUN
gujaf-140	221	13	adams	adams	PROPN
gujaf-140	221	14	,	,	PUNCT
gujaf-140	221	15	r.	r.	PROPN
gujaf-140	221	16	b.	b.	PROPN
gujaf-140	221	17	&	&	CCONJ
gujaf-140	221	18	mehran	mehran	PROPN
gujaf-140	221	19	,	,	PUNCT
gujaf-140	221	20	h.	h.	PROPN
gujaf-140	221	21	(	(	PUNCT
gujaf-140	221	22	2008	2008	NUM
gujaf-140	221	23	)	)	PUNCT
gujaf-140	221	24	.	.	PUNCT
gujaf-140	222	1	corporate	corporate	ADJ
gujaf-140	222	2	performance	performance	NOUN
gujaf-140	222	3	,	,	PUNCT
gujaf-140	222	4	board	board	NOUN
gujaf-140	222	5	structure	structure	NOUN
gujaf-140	222	6	and	and	CCONJ
gujaf-140	222	7	its	its	PRON
gujaf-140	222	8	determinants	determinant	NOUN
gujaf-140	222	9	in	in	ADP
gujaf-140	222	10	the	the	DET
gujaf-140	222	11	banking	banking	NOUN
gujaf-140	222	12	industry	industry	NOUN
gujaf-140	222	13	.	.	PUNCT
gujaf-140	223	1	federal	federal	PROPN
gujaf-140	223	2	reserve	reserve	PROPN
gujaf-140	223	3	bank	bank	PROPN
gujaf-140	223	4	of	of	ADP
gujaf-140	223	5	new	new	PROPN
gujaf-140	223	6	york	york	PROPN
gujaf-140	223	7	staff	staff	NOUN
gujaf-140	223	8	reports	report	VERB
gujaf-140	223	9	,	,	PUNCT
gujaf-140	223	10	no.330	no.330	PROPN
gujaf-140	223	11	.	.	PROPN
gujaf-140	224	1	a	a	DET
gujaf-140	224	2	review	review	NOUN
gujaf-140	224	3	and	and	CCONJ
gujaf-140	224	4	integrative	integrative	ADJ
gujaf-140	224	5	model	model	NOUN
gujaf-140	224	6	,	,	PUNCT
gujaf-140	224	7	journal	journal	NOUN
gujaf-140	224	8	of	of	ADP
gujaf-140	224	9	management	management	NOUN
gujaf-140	224	10	,	,	PUNCT
gujaf-140	224	11	15	15	NUM
gujaf-140	224	12	(	(	PUNCT
gujaf-140	224	13	2	2	NUM
gujaf-140	224	14	)	)	PUNCT
gujaf-140	224	15	,	,	PUNCT
gujaf-140	224	16	291	291	NUM
gujaf-140	224	17	-	-	SYM
gujaf-140	224	18	334	334	NUM
gujaf-140	224	19	.	.	PUNCT
gujaf-140	225	1	agrawal	agrawal	PROPN
gujaf-140	225	2	,	,	PUNCT
gujaf-140	225	3	a.	a.	PROPN
gujaf-140	225	4	,	,	PUNCT
gujaf-140	225	5	&	&	CCONJ
gujaf-140	225	6	knoeber	knoeber	PROPN
gujaf-140	225	7	,	,	PUNCT
gujaf-140	225	8	c.	c.	PROPN
gujaf-140	225	9	r.	r.	PROPN
gujaf-140	225	10	(	(	PUNCT
gujaf-140	225	11	1996	1996	NUM
gujaf-140	225	12	)	)	PUNCT
gujaf-140	225	13	.	.	PUNCT
gujaf-140	226	1	firm	firm	ADJ
gujaf-140	226	2	performance	performance	NOUN
gujaf-140	226	3	and	and	CCONJ
gujaf-140	226	4	mechanisms	mechanism	NOUN
gujaf-140	226	5	to	to	PART
gujaf-140	226	6	control	control	VERB
gujaf-140	226	7	agency	agency	NOUN
gujaf-140	226	8	problems	problem	NOUN
gujaf-140	226	9	between	between	ADP
gujaf-140	226	10	managers	manager	NOUN
gujaf-140	226	11	and	and	CCONJ
gujaf-140	226	12	shareholders	shareholder	NOUN
gujaf-140	226	13	.	.	PUNCT
gujaf-140	227	1	journal	journal	PROPN
gujaf-140	227	2	of	of	ADP
gujaf-140	227	3	financial	financial	ADJ
gujaf-140	227	4	and	and	CCONJ
gujaf-140	227	5	quantitative	quantitative	ADJ
gujaf-140	227	6	analysis	analysis	NOUN
gujaf-140	227	7	,	,	PUNCT
gujaf-140	227	8	31(03	31(03	NUM
gujaf-140	227	9	)	)	PUNCT
gujaf-140	227	10	,	,	PUNCT
gujaf-140	227	11	377	377	NUM
gujaf-140	227	12	-	-	SYM
gujaf-140	227	13	397	397	NUM
gujaf-140	227	14	.	.	PUNCT
gujaf-140	227	15	akpan	akpan	PROPN
gujaf-140	227	16	,	,	PUNCT
gujaf-140	227	17	e.	e.	PROPN
gujaf-140	227	18	o.	o.	PROPN
gujaf-140	227	19	and	and	CCONJ
gujaf-140	227	20	amran	amran	ADJ
gujaf-140	227	21	,	,	PUNCT
gujaf-140	227	22	n.	n.	NOUN
gujaf-140	227	23	a.	a.	PROPN
gujaf-140	227	24	(	(	PUNCT
gujaf-140	227	25	2014	2014	NUM
gujaf-140	227	26	)	)	PUNCT
gujaf-140	227	27	.	.	PUNCT
gujaf-140	228	1	board	board	NOUN
gujaf-140	228	2	characteristics	characteristic	NOUN
gujaf-140	228	3	and	and	CCONJ
gujaf-140	228	4	company	company	NOUN
gujaf-140	228	5	performance	performance	NOUN
gujaf-140	228	6	:	:	PUNCT
gujaf-140	228	7	evidence	evidence	NOUN
gujaf-140	228	8	from	from	ADP
gujaf-140	228	9	nigeria	nigeria	PRON
gujaf-140	228	10	,	,	PUNCT
gujaf-140	228	11	jounal	jounal	NOUN
gujaf-140	228	12	of	of	ADP
gujaf-140	228	13	accounting	accounting	NOUN
gujaf-140	228	14	and	and	CCONJ
gujaf-140	228	15	finance	finance	NOUN
gujaf-140	228	16	2(3	2(3	NUM
gujaf-140	228	17	)	)	PUNCT
gujaf-140	228	18	,	,	PUNCT
gujaf-140	228	19	81	81	NUM
gujaf-140	228	20	-	-	SYM
gujaf-140	228	21	89	89	NUM
gujaf-140	228	22	fama	fama	NOUN
gujaf-140	228	23	,	,	PUNCT
gujaf-140	228	24	e.	e.	PROPN
gujaf-140	228	25	&	&	CCONJ
gujaf-140	228	26	jensen	jensen	PROPN
gujaf-140	228	27	,	,	PUNCT
gujaf-140	228	28	m.	m.	NOUN
gujaf-140	228	29	(	(	PUNCT
gujaf-140	228	30	1983	1983	NUM
gujaf-140	228	31	)	)	PUNCT
gujaf-140	228	32	.	.	PUNCT
gujaf-140	229	1	separation	separation	NOUN
gujaf-140	229	2	of	of	ADP
gujaf-140	229	3	ownership	ownership	NOUN
gujaf-140	229	4	and	and	CCONJ
gujaf-140	229	5	control	control	NOUN
gujaf-140	229	6	,	,	PUNCT
gujaf-140	229	7	journal	journal	NOUN
gujaf-140	229	8	of	of	ADP
gujaf-140	229	9	lawand	lawand	NOUN
gujaf-140	229	10	economics	economic	NOUN
gujaf-140	229	11	,	,	PUNCT
gujaf-140	229	12	26(2	26(2	NUM
gujaf-140	229	13	)	)	PUNCT
gujaf-140	229	14	,	,	PUNCT
gujaf-140	229	15	301	301	NUM
gujaf-140	229	16	-	-	SYM
gujaf-140	229	17	25	25	NUM
gujaf-140	229	18	grace	grace	NOUN
gujaf-140	229	19	,	,	PUNCT
gujaf-140	229	20	m.	m.	NOUN
gujaf-140	229	21	,	,	PUNCT
gujaf-140	229	22	ireland	ireland	PROPN
gujaf-140	229	23	,	,	PUNCT
gujaf-140	229	24	a.	a.	NOUN
gujaf-140	229	25	,	,	PUNCT
gujaf-140	229	26	&	&	CCONJ
gujaf-140	229	27	dunstan	dunstan	PROPN
gujaf-140	229	28	,	,	PUNCT
gujaf-140	229	29	k.	k.	PROPN
gujaf-140	229	30	,	,	PUNCT
gujaf-140	229	31	1995	1995	NUM
gujaf-140	229	32	.	.	PUNCT
gujaf-140	230	1	board	board	NOUN
gujaf-140	230	2	structure	structure	NOUN
gujaf-140	230	3	,	,	PUNCT
gujaf-140	230	4	nonexecutive	nonexecutive	ADJ
gujaf-140	230	5	directors	director	NOUN
gujaf-140	230	6	’	’	PART
gujaf-140	230	7	characteristics	characteristic	NOUN
gujaf-140	230	8	and	and	CCONJ
gujaf-140	230	9	corporate	corporate	ADJ
gujaf-140	230	10	financial	financial	ADJ
gujaf-140	230	11	performance	performance	NOUN
gujaf-140	230	12	,	,	PUNCT
gujaf-140	230	13	asia	asia	PROPN
gujaf-140	230	14	pacific	pacific	PROPN
gujaf-140	230	15	journal	journal	PROPN
gujaf-140	230	16	of	of	ADP
gujaf-140	230	17	accounting	accounting	NOUN
gujaf-140	230	18	,	,	PUNCT
gujaf-140	230	19	2	2	NUM
gujaf-140	230	20	,	,	PUNCT
gujaf-140	230	21	121	121	NUM
gujaf-140	230	22	-	-	SYM
gujaf-140	230	23	137	137	NUM
gujaf-140	230	24	.	.	PUNCT
gujaf-140	231	1	17	17	NUM
gujaf-140	231	2	granger	granger	PROPN
gujaf-140	231	3	,	,	PUNCT
gujaf-140	231	4	c.	c.	PROPN
gujaf-140	231	5	and	and	CCONJ
gujaf-140	231	6	p.	p.	PROPN
gujaf-140	231	7	newbold	newbold	PROPN
gujaf-140	231	8	(	(	PUNCT
gujaf-140	231	9	1974	1974	NUM
gujaf-140	231	10	)	)	PUNCT
gujaf-140	231	11	.	.	PUNCT
gujaf-140	232	1	spurious	spurious	ADJ
gujaf-140	232	2	regressions	regression	NOUN
gujaf-140	232	3	in	in	ADP
gujaf-140	232	4	econometrics	econometric	NOUN
gujaf-140	232	5	.	.	PUNCT
gujaf-140	233	1	journal	journal	PROPN
gujaf-140	233	2	of	of	ADP
gujaf-140	233	3	econometrics	econometric	NOUN
gujaf-140	233	4	,	,	PUNCT
gujaf-140	233	5	111	111	NUM
gujaf-140	233	6	-	-	SYM
gujaf-140	233	7	120	120	NUM
gujaf-140	233	8	.	.	PUNCT
gujaf-140	234	1	guest	guest	NOUN
gujaf-140	234	2	,	,	PUNCT
gujaf-140	234	3	p.	p.	NOUN
gujaf-140	234	4	m.	m.	NOUN
gujaf-140	234	5	,	,	PUNCT
gujaf-140	234	6	(	(	PUNCT
gujaf-140	234	7	2008	2008	NUM
gujaf-140	234	8	)	)	PUNCT
gujaf-140	234	9	.	.	PUNCT
gujaf-140	235	1	the	the	DET
gujaf-140	235	2	determinants	determinant	NOUN
gujaf-140	235	3	of	of	ADP
gujaf-140	235	4	board	board	NOUN
gujaf-140	235	5	size	size	NOUN
gujaf-140	235	6	and	and	CCONJ
gujaf-140	235	7	composition	composition	NOUN
gujaf-140	235	8	:	:	PUNCT
gujaf-140	235	9	evidence	evidence	NOUN
gujaf-140	235	10	from	from	ADP
gujaf-140	235	11	the	the	DET
gujaf-140	235	12	uk	uk	PROPN
gujaf-140	235	13	,	,	PUNCT
gujaf-140	235	14	journal	journal	NOUN
gujaf-140	235	15	of	of	ADP
gujaf-140	235	16	corporate	corporate	ADJ
gujaf-140	235	17	finance	finance	NOUN
gujaf-140	235	18	,	,	PUNCT
gujaf-140	235	19	14	14	NUM
gujaf-140	235	20	,	,	PUNCT
gujaf-140	235	21	51	51	NUM
gujaf-140	235	22	-	-	SYM
gujaf-140	235	23	72	72	NUM
gujaf-140	235	24	.	.	PUNCT
gujaf-140	236	1	gujarati	gujarati	PROPN
gujaf-140	236	2	,	,	PUNCT
gujaf-140	236	3	d.	d.	PROPN
gujaf-140	236	4	n.	n.	PROPN
gujaf-140	236	5	(	(	PUNCT
gujaf-140	236	6	2004	2004	NUM
gujaf-140	236	7	)	)	PUNCT
gujaf-140	236	8	.	.	PUNCT
gujaf-140	237	1	basic	basic	ADJ
gujaf-140	237	2	econometrics	econometric	NOUN
gujaf-140	237	3	,	,	PUNCT
gujaf-140	237	4	fourth	fourth	PROPN
gujaf-140	237	5	edition	edition	PROPN
gujaf-140	237	6	gujarati	gujarati	PROPN
gujaf-140	237	7	,	,	PUNCT
gujaf-140	237	8	d.	d.	PROPN
gujaf-140	237	9	,	,	PUNCT
gujaf-140	237	10	(	(	PUNCT
gujaf-140	237	11	2003	2003	NUM
gujaf-140	237	12	)	)	PUNCT
gujaf-140	237	13	.	.	PUNCT
gujaf-140	238	1	basic	basic	ADJ
gujaf-140	238	2	econometrics	econometric	NOUN
gujaf-140	238	3	,	,	PUNCT
gujaf-140	238	4	4th	4th	ADJ
gujaf-140	238	5	ed	ed	NOUN
gujaf-140	238	6	,	,	PUNCT
gujaf-140	238	7	new	new	PROPN
gujaf-140	238	8	york	york	PROPN
gujaf-140	238	9	,	,	PUNCT
gujaf-140	238	10	mcgraw	mcgraw	PROPN
gujaf-140	238	11	-	-	PUNCT
gujaf-140	238	12	hill	hill	NOUN
gujaf-140	238	13	.	.	PUNCT
gujaf-140	239	1	hermalin	hermalin	PROPN
gujaf-140	239	2	,	,	PUNCT
gujaf-140	239	3	b.	b.	PROPN
gujaf-140	239	4	e.	e.	PROPN
gujaf-140	239	5	,	,	PUNCT
gujaf-140	239	6	&	&	CCONJ
gujaf-140	239	7	weisbach	weisbach	NOUN
gujaf-140	239	8	,	,	PUNCT
gujaf-140	239	9	m.	m.	NOUN
gujaf-140	239	10	s.	s.	PROPN
gujaf-140	239	11	,	,	PUNCT
gujaf-140	239	12	(	(	PUNCT
gujaf-140	239	13	1991	1991	NUM
gujaf-140	239	14	)	)	PUNCT
gujaf-140	239	15	.	.	PUNCT
gujaf-140	240	1	the	the	DET
gujaf-140	240	2	effects	effect	NOUN
gujaf-140	240	3	of	of	ADP
gujaf-140	240	4	board	board	NOUN
gujaf-140	240	5	structure	structure	NOUN
gujaf-140	240	6	and	and	CCONJ
gujaf-140	240	7	direct	direct	ADJ
gujaf-140	240	8	hermalin	hermalin	NOUN
gujaf-140	240	9	,	,	PUNCT
gujaf-140	240	10	b.	b.	PROPN
gujaf-140	240	11	e.	e.	PROPN
gujaf-140	240	12	,	,	PUNCT
gujaf-140	240	13	&	&	CCONJ
gujaf-140	240	14	weisbach	weisbach	NOUN
gujaf-140	240	15	,	,	PUNCT
gujaf-140	240	16	m.	m.	NOUN
gujaf-140	240	17	s.	s.	PROPN
gujaf-140	240	18	,	,	PUNCT
gujaf-140	240	19	(	(	PUNCT
gujaf-140	240	20	2003	2003	NUM
gujaf-140	240	21	)	)	PUNCT
gujaf-140	240	22	.	.	PUNCT
gujaf-140	241	1	board	board	NOUN
gujaf-140	241	2	of	of	ADP
gujaf-140	241	3	directors	director	NOUN
gujaf-140	241	4	as	as	ADP
gujaf-140	241	5	an	an	DET
gujaf-140	241	6	endogenously	endogenously	ADV
gujaf-140	241	7	incentives	incentive	NOUN
gujaf-140	241	8	on	on	ADP
gujaf-140	241	9	firm	firm	ADJ
gujaf-140	241	10	performance	performance	NOUN
gujaf-140	241	11	,	,	PUNCT
gujaf-140	241	12	financial	financial	ADJ
gujaf-140	241	13	management	management	NOUN
gujaf-140	241	14	,	,	PUNCT
gujaf-140	241	15	20	20	NUM
gujaf-140	241	16	(	(	PUNCT
gujaf-140	241	17	4	4	NUM
gujaf-140	241	18	)	)	PUNCT
gujaf-140	241	19	,	,	PUNCT
gujaf-140	241	20	101	101	NUM
gujaf-140	241	21	-	-	SYM
gujaf-140	241	22	12	12	NUM
gujaf-140	241	23	.	.	PUNCT
gujaf-140	242	1	jensen	jensen	PROPN
gujaf-140	242	2	,	,	PUNCT
gujaf-140	242	3	m.c	m.c	PROPN
gujaf-140	242	4	.	.	PROPN
gujaf-140	242	5	&	&	CCONJ
gujaf-140	242	6	meckling	meckling	PROPN
gujaf-140	242	7	,	,	PUNCT
gujaf-140	242	8	w.h	w.h	PROPN
gujaf-140	242	9	.	.	PROPN
gujaf-140	242	10	(	(	PUNCT
gujaf-140	242	11	1976	1976	NUM
gujaf-140	242	12	)	)	PUNCT
gujaf-140	242	13	.	.	PUNCT
gujaf-140	243	1	theory	theory	NOUN
gujaf-140	243	2	of	of	ADP
gujaf-140	243	3	the	the	DET
gujaf-140	243	4	firm	firm	NOUN
gujaf-140	243	5	:	:	PUNCT
gujaf-140	243	6	managerial	managerial	ADJ
gujaf-140	243	7	behavior	behavior	NOUN
gujaf-140	243	8	,	,	PUNCT
gujaf-140	243	9	agency	agency	NOUN
gujaf-140	243	10	costs	cost	NOUN
gujaf-140	243	11	and	and	CCONJ
gujaf-140	243	12	ownership	ownership	NOUN
gujaf-140	243	13	structure	structure	NOUN
gujaf-140	243	14	.	.	PUNCT
gujaf-140	244	1	journal	journal	NOUN
gujaf-140	244	2	of	of	ADP
gujaf-140	244	3	financial	financial	ADJ
gujaf-140	244	4	economics	economic	NOUN
gujaf-140	244	5	,	,	PUNCT
gujaf-140	244	6	4	4	NUM
gujaf-140	244	7	,	,	PUNCT
gujaf-140	244	8	305360	305360	NUM
gujaf-140	244	9	.	.	PUNCT
gujaf-140	245	1	journal	journal	PROPN
gujaf-140	245	2	of	of	ADP
gujaf-140	245	3	american	american	PROPN
gujaf-140	245	4	academy	academy	PROPN
gujaf-140	245	5	of	of	ADP
gujaf-140	245	6	business	business	NOUN
gujaf-140	245	7	,	,	PUNCT
gujaf-140	245	8	4	4	NUM
gujaf-140	245	9	(	(	PUNCT
gujaf-140	245	10	1	1	NUM
gujaf-140	245	11	-	-	SYM
gujaf-140	245	12	2	2	NUM
gujaf-140	245	13	)	)	PUNCT
gujaf-140	245	14	,	,	PUNCT
gujaf-140	245	15	263	263	NUM
gujaf-140	245	16	-	-	SYM
gujaf-140	245	17	270	270	NUM
gujaf-140	245	18	.	.	PUNCT
gujaf-140	246	1	klein	klein	PROPN
gujaf-140	246	2	,	,	PUNCT
gujaf-140	246	3	a.	a.	PROPN
gujaf-140	246	4	(	(	PUNCT
gujaf-140	246	5	2002	2002	NUM
gujaf-140	246	6	)	)	PUNCT
gujaf-140	246	7	.	.	PUNCT
gujaf-140	247	1	audit	audit	NOUN
gujaf-140	247	2	committee	committee	PROPN
gujaf-140	247	3	,	,	PUNCT
gujaf-140	247	4	board	board	NOUN
gujaf-140	247	5	of	of	ADP
gujaf-140	247	6	director	director	NOUN
gujaf-140	247	7	characteristics	characteristic	NOUN
gujaf-140	247	8	,	,	PUNCT
gujaf-140	247	9	and	and	CCONJ
gujaf-140	247	10	earnings	earning	NOUN
gujaf-140	247	11	management	management	NOUN
gujaf-140	247	12	.	.	PUNCT
gujaf-140	248	1	journal	journal	PROPN
gujaf-140	248	2	accounting	accounting	NOUN
gujaf-140	248	3	and	and	CCONJ
gujaf-140	248	4	economics	economic	NOUN
gujaf-140	248	5	,	,	PUNCT
gujaf-140	248	6	33	33	NUM
gujaf-140	248	7	,	,	PUNCT
gujaf-140	248	8	375	375	NUM
gujaf-140	248	9	-	-	SYM
gujaf-140	248	10	450	450	NUM
gujaf-140	248	11	.	.	PUNCT
gujaf-140	249	1	kyereboah	kyereboah	PROPN
gujaf-140	249	2	-	-	PUNCT
gujaf-140	249	3	coleman	coleman	PROPN
gujaf-140	249	4	,	,	PUNCT
gujaf-140	249	5	a.	a.	NOUN
gujaf-140	249	6	&	&	CCONJ
gujaf-140	249	7	biekpe	biekpe	PROPN
gujaf-140	249	8	,	,	PUNCT
gujaf-140	249	9	n.	n.	NOUN
gujaf-140	249	10	(	(	PUNCT
gujaf-140	249	11	2012	2012	NUM
gujaf-140	249	12	)	)	PUNCT
gujaf-140	249	13	.	.	PUNCT
gujaf-140	250	1	the	the	DET
gujaf-140	250	2	relationship	relationship	NOUN
gujaf-140	250	3	between	between	ADP
gujaf-140	250	4	board	board	NOUN
gujaf-140	250	5	size	size	NOUN
gujaf-140	250	6	,	,	PUNCT
gujaf-140	250	7	board	board	NOUN
gujaf-140	250	8	composition	composition	NOUN
gujaf-140	250	9	,	,	PUNCT
gujaf-140	250	10	ceo	ceo	NOUN
gujaf-140	250	11	duality	duality	NOUN
gujaf-140	250	12	and	and	CCONJ
gujaf-140	250	13	firm	firm	ADJ
gujaf-140	250	14	performance	performance	NOUN
gujaf-140	250	15	:	:	PUNCT
gujaf-140	250	16	experience	experience	NOUN
gujaf-140	250	17	from	from	ADP
gujaf-140	250	18	ghana	ghana	PROPN
gujaf-140	250	19	.	.	PUNCT
gujaf-140	251	1	corporate	corporate	ADJ
gujaf-140	251	2	ownership	ownership	NOUN
gujaf-140	251	3	and	and	CCONJ
gujaf-140	251	4	control	control	NOUN
gujaf-140	251	5	journal	journal	NOUN
gujaf-140	251	6	,	,	PUNCT
gujaf-140	251	7	4(2	4(2	NUM
gujaf-140	251	8	)	)	PUNCT
gujaf-140	251	9	,	,	PUNCT
gujaf-140	251	10	114	114	NUM
gujaf-140	251	11	-	-	SYM
gujaf-140	251	12	112	112	NUM
gujaf-140	251	13	.	.	PUNCT
gujaf-140	252	1	muller	muller	PROPN
gujaf-140	252	2	,	,	PUNCT
gujaf-140	252	3	v	v	PROPN
gujaf-140	252	4	,	,	PUNCT
gujaf-140	252	5	ienciu	ienciu	PROPN
gujaf-140	252	6	,	,	PUNCT
gujaf-140	252	7	i.	i.	NOUN
gujaf-140	252	8	,	,	PUNCT
gujaf-140	252	9	bonaci	bonaci	PROPN
gujaf-140	252	10	,	,	PUNCT
gujaf-140	252	11	c.g	c.g	PROPN
gujaf-140	252	12	.	.	PROPN
gujaf-140	252	13	,	,	PUNCT
gujaf-140	252	14	&	&	CCONJ
gujaf-140	252	15	filip	filip	PROPN
gujaf-140	252	16	,	,	PUNCT
gujaf-140	252	17	c.	c.	PROPN
gujaf-140	252	18	i.	i.	PROPN
gujaf-140	252	19	,	,	PUNCT
gujaf-140	252	20	(	(	PUNCT
gujaf-140	252	21	2014	2014	NUM
gujaf-140	252	22	)	)	PUNCT
gujaf-140	252	23	.	.	PUNCT
gujaf-140	253	1	board	board	NOUN
gujaf-140	253	2	characteristics	characteristic	NOUN
gujaf-140	253	3	best	good	ADJ
gujaf-140	253	4	practices	practice	NOUN
gujaf-140	253	5	and	and	CCONJ
gujaf-140	253	6	financial	financial	ADJ
gujaf-140	253	7	performance	performance	NOUN
gujaf-140	253	8	.	.	PUNCT
gujaf-140	254	1	evidence	evidence	NOUN
gujaf-140	254	2	from	from	ADP
gujaf-140	254	3	the	the	DET
gujaf-140	254	4	european	european	ADJ
gujaf-140	254	5	capital	capital	NOUN
gujaf-140	254	6	market	market	NOUN
gujaf-140	254	7	,	,	PUNCT
gujaf-140	254	8	babes	babes	NOUN
gujaf-140	254	9	-	-	PUNCT
gujaf-140	254	10	bolyai	bolyai	NOUN
gujaf-140	254	11	university	university	NOUN
gujaf-140	254	12	,	,	PUNCT
gujaf-140	254	13	cluj	cluj	PROPN
gujaf-140	254	14	-	-	PUNCT
gujaf-140	254	15	napoca	napoca	PROPN
gujaf-140	254	16	,	,	PUNCT
gujaf-140	254	17	romania	romania	PROPN
gujaf-140	254	18	.	.	PUNCT
gujaf-140	255	1	vol	vol	NOUN
gujaf-140	255	2	.	.	PUNCT
gujaf-140	256	1	xvi	xvi	NOUN
gujaf-140	256	2	•	•	INTJ
gujaf-140	257	1	no	no	INTJ
gujaf-140	257	2	.	.	PROPN
gujaf-140	257	3	36	36	NUM
gujaf-140	257	4	rashidah	rashidah	PROPN
gujaf-140	257	5	a.r	a.r	PROPN
gujaf-140	257	6	.	.	PROPN
gujaf-140	257	7	&	&	CCONJ
gujaf-140	257	8	fairuzana	fairuzana	PROPN
gujaf-140	257	9	,	,	PUNCT
gujaf-140	257	10	h.m	h.m	PROPN
gujaf-140	257	11	.	.	PROPN
gujaf-140	257	12	(	(	PUNCT
gujaf-140	257	13	2012	2012	NUM
gujaf-140	257	14	)	)	PUNCT
gujaf-140	257	15	.	.	PUNCT
gujaf-140	258	1	board	board	NOUN
gujaf-140	258	2	,	,	PUNCT
gujaf-140	258	3	audit	audit	NOUN
gujaf-140	258	4	committee	committee	NOUN
gujaf-140	258	5	and	and	CCONJ
gujaf-140	258	6	earnings	earning	NOUN
gujaf-140	258	7	management	management	NOUN
gujaf-140	258	8	:	:	PUNCT
gujaf-140	258	9	malaysian	malaysian	ADJ
gujaf-140	258	10	evidence	evidence	NOUN
gujaf-140	258	11	,	,	PUNCT
gujaf-140	258	12	managerial	managerial	ADJ
gujaf-140	258	13	auditing	auditing	NOUN
gujaf-140	258	14	journal	journal	NOUN
gujaf-140	258	15	,	,	PUNCT
gujaf-140	258	16	21(7	21(7	PROPN
gujaf-140	258	17	)	)	PUNCT
gujaf-140	258	18	,	,	PUNCT
gujaf-140	258	19	783	783	NUM
gujaf-140	258	20	–	–	PUNCT
gujaf-140	258	21	804	804	NUM
gujaf-140	258	22	.	.	PUNCT
gujaf-140	258	23	sanda	sanda	NOUN
gujaf-140	258	24	,	,	PUNCT
gujaf-140	258	25	a.	a.	NOUN
gujaf-140	258	26	mikailu	mikailu	NOUN
gujaf-140	258	27	,	,	PUNCT
gujaf-140	258	28	a.s	a.s	PROPN
gujaf-140	258	29	.	.	PROPN
gujaf-140	258	30	&	&	CCONJ
gujaf-140	258	31	garba	garba	PROPN
gujaf-140	258	32	,	,	PUNCT
gujaf-140	258	33	t.	t.	PROPN
gujaf-140	258	34	(	(	PUNCT
gujaf-140	258	35	2005	2005	NUM
gujaf-140	258	36	)	)	PUNCT
gujaf-140	258	37	,	,	PUNCT
gujaf-140	258	38	corporate	corporate	ADJ
gujaf-140	258	39	governance	governance	NOUN
gujaf-140	258	40	mechanism	mechanism	NOUN
gujaf-140	258	41	and	and	CCONJ
gujaf-140	258	42	firm	firm	ADJ
gujaf-140	258	43	financial	financial	ADJ
gujaf-140	258	44	performance	performance	NOUN
gujaf-140	258	45	in	in	ADP
gujaf-140	258	46	nigeria	nigeria	PROPN
gujaf-140	258	47	.	.	PUNCT
gujaf-140	259	1	a	a	DET
gujaf-140	259	2	paper	paper	NOUN
gujaf-140	259	3	presented	present	VERB
gujaf-140	259	4	at	at	ADP
gujaf-140	259	5	africa	africa	PROPN
gujaf-140	259	6	economic	economic	PROPN
gujaf-140	259	7	research	research	PROPN
gujaf-140	259	8	consortium	consortium	PROPN
gujaf-140	259	9	,	,	PUNCT
gujaf-140	259	10	nairobi	nairobi	PROPN
gujaf-140	259	11	kenya	kenya	PROPN
gujaf-140	259	12	,	,	PUNCT
gujaf-140	259	13	and	and	CCONJ
gujaf-140	259	14	march	march	PROPN
gujaf-140	259	15	2005	2005	NUM
gujaf-140	259	16	.	.	PUNCT
gujaf-140	260	1	1	1	NUM
gujaf-140	260	2	-	-	SYM
gujaf-140	260	3	37	37	NUM
gujaf-140	260	4	sanda	sanda	NOUN
gujaf-140	260	5	,	,	PUNCT
gujaf-140	260	6	a.	a.	PROPN
gujaf-140	260	7	u.	u.	PROPN
gujaf-140	260	8	,	,	PUNCT
gujaf-140	260	9	garba	garba	PROPN
gujaf-140	260	10	,	,	PUNCT
gujaf-140	260	11	t.	t.	PROPN
gujaf-140	260	12	&	&	CCONJ
gujaf-140	260	13	mikailu	mikailu	PROPN
gujaf-140	260	14	,	,	PUNCT
gujaf-140	260	15	a.s	a.s	PROPN
gujaf-140	260	16	.	.	PROPN
gujaf-140	260	17	,	,	PUNCT
gujaf-140	260	18	(	(	PUNCT
gujaf-140	260	19	2008	2008	NUM
gujaf-140	260	20	)	)	PUNCT
gujaf-140	260	21	.	.	PUNCT
gujaf-140	261	1	board	board	NOUN
gujaf-140	261	2	independence	independence	NOUN
gujaf-140	261	3	and	and	CCONJ
gujaf-140	261	4	firm	firm	ADJ
gujaf-140	261	5	financial	financial	ADJ
gujaf-140	261	6	performance	performance	NOUN
gujaf-140	261	7	:	:	PUNCT
gujaf-140	261	8	evidence	evidence	NOUN
gujaf-140	261	9	from	from	ADP
gujaf-140	261	10	nigeria	nigeria	PROPN
gujaf-140	261	11	.	.	PUNCT
gujaf-140	262	1	a	a	DET
gujaf-140	262	2	paper	paper	NOUN
gujaf-140	262	3	submitted	submit	VERB
gujaf-140	262	4	to	to	ADP
gujaf-140	262	5	the	the	DET
gujaf-140	262	6	centre	centre	NOUN
gujaf-140	262	7	for	for	ADP
gujaf-140	262	8	the	the	DET
gujaf-140	262	9	study	study	NOUN
gujaf-140	262	10	of	of	ADP
gujaf-140	262	11	african	african	ADJ
gujaf-140	262	12	economies	economy	NOUN
gujaf-140	262	13	(	(	PUNCT
gujaf-140	262	14	csae	csae	NOUN
gujaf-140	262	15	)	)	PUNCT
gujaf-140	262	16	for	for	ADP
gujaf-140	262	17	presentation	presentation	NOUN
gujaf-140	262	18	at	at	ADP
gujaf-140	262	19	the	the	DET
gujaf-140	262	20	csae	csae	NOUN
gujaf-140	262	21	conference	conference	NOUN
gujaf-140	262	22	2008	2008	NUM
gujaf-140	262	23	titled	title	VERB
gujaf-140	262	24	economic	economic	ADJ
gujaf-140	262	25	development	development	NOUN
gujaf-140	262	26	in	in	ADP
gujaf-140	262	27	africa	africa	PROPN
gujaf-140	262	28	at	at	ADP
gujaf-140	262	29	st	st	PROPN
gujaf-140	262	30	catherine	catherine	PROPN
gujaf-140	262	31	’s	’s	PROPN
gujaf-140	262	32	college	college	PROPN
gujaf-140	262	33	,	,	PUNCT
gujaf-140	262	34	university	university	NOUN
gujaf-140	262	35	of	of	ADP
gujaf-140	262	36	oxford	oxford	PROPN
gujaf-140	262	37	,	,	PUNCT
gujaf-140	262	38	oxford	oxford	PROPN
gujaf-140	262	39	,	,	PUNCT
gujaf-140	262	40	16	16	NUM
gujaf-140	262	41	-	-	SYM
gujaf-140	262	42	18	18	NUM
gujaf-140	262	43	march	march	PROPN
gujaf-140	262	44	2008	2008	NUM
gujaf-140	262	45	.	.	PUNCT
gujaf-140	263	1	shehu	shehu	PROPN
gujaf-140	263	2	,	,	PUNCT
gujaf-140	263	3	u.	u.	PROPN
gujaf-140	263	4	h.	h.	PROPN
gujaf-140	263	5	,	,	PUNCT
gujaf-140	263	6	(	(	PUNCT
gujaf-140	263	7	2011	2011	NUM
gujaf-140	263	8	)	)	PUNCT
gujaf-140	263	9	,	,	PUNCT
gujaf-140	263	10	corporate	corporate	ADJ
gujaf-140	263	11	governance	governance	NOUN
gujaf-140	263	12	and	and	CCONJ
gujaf-140	263	13	financial	financial	ADJ
gujaf-140	263	14	reporting	reporting	NOUN
gujaf-140	263	15	quality	quality	NOUN
gujaf-140	263	16	:	:	PUNCT
gujaf-140	263	17	a	a	DET
gujaf-140	263	18	study	study	NOUN
gujaf-140	263	19	of	of	ADP
gujaf-140	263	20	nigerian	nigerian	ADJ
gujaf-140	263	21	money	money	NOUN
gujaf-140	263	22	deposit	deposit	PROPN
gujaf-140	263	23	bank	bank	PROPN
gujaf-140	263	24	,	,	PUNCT
gujaf-140	263	25	international	international	ADJ
gujaf-140	263	26	journal	journal	NOUN
gujaf-140	263	27	of	of	ADP
gujaf-140	263	28	research	research	NOUN
gujaf-140	263	29	in	in	ADP
gujaf-140	263	30	computer	computer	NOUN
gujaf-140	263	31	application	application	NOUN
gujaf-140	263	32	and	and	CCONJ
gujaf-140	263	33	management	management	NOUN
gujaf-140	263	34	(	(	PUNCT
gujaf-140	263	35	u.s.a	u.s.a	NOUN
gujaf-140	263	36	)	)	PUNCT
gujaf-140	263	37	,	,	PUNCT
gujaf-140	263	38	1(6	1(6	NUM
gujaf-140	263	39	):	):	PUNCT
gujaf-140	263	40	12	12	NUM
gujaf-140	263	41	-	-	SYM
gujaf-140	263	42	19	19	NUM
gujaf-140	263	43	issn	issn	NOUN
gujaf-140	263	44	:	:	PUNCT
gujaf-140	263	45	2231	2231	NUM
gujaf-140	263	46	-	-	SYM
gujaf-140	263	47	1009	1009	NUM
gujaf-140	263	48	smith	smith	PROPN
gujaf-140	263	49	,	,	PUNCT
gujaf-140	263	50	a.	a.	NOUN
gujaf-140	263	51	(	(	PUNCT
gujaf-140	263	52	2020	2020	NUM
gujaf-140	263	53	)	)	PUNCT
gujaf-140	263	54	.	.	PUNCT
gujaf-140	264	1	the	the	DET
gujaf-140	264	2	quality	quality	NOUN
gujaf-140	264	3	of	of	ADP
gujaf-140	264	4	reported	report	VERB
gujaf-140	264	5	earnings	earning	NOUN
gujaf-140	264	6	and	and	CCONJ
gujaf-140	264	7	the	the	DET
gujaf-140	264	8	monitoring	monitoring	NOUN
gujaf-140	264	9	role	role	NOUN
gujaf-140	264	10	of	of	ADP
gujaf-140	264	11	the	the	DET
gujaf-140	264	12	board	board	NOUN
gujaf-140	264	13	:	:	PUNCT
gujaf-140	264	14	evidence	evidence	NOUN
gujaf-140	264	15	from	from	ADP
gujaf-140	264	16	small	small	ADJ
gujaf-140	264	17	and	and	CCONJ
gujaf-140	264	18	medium	medium	ADJ
gujaf-140	264	19	companies	company	NOUN
gujaf-140	264	20	.	.	PUNCT
gujaf-140	265	1	south	south	ADJ
gujaf-140	265	2	african	african	ADJ
gujaf-140	265	3	business	business	PROPN
gujaf-140	265	4	review	review	PROPN
gujaf-140	265	5	,	,	PUNCT
gujaf-140	265	6	19(2	19(2	NUM
gujaf-140	265	7	)	)	PUNCT
gujaf-140	265	8	uadiale	uadiale	NOUN
gujaf-140	265	9	,	,	PUNCT
gujaf-140	265	10	o.	o.	NOUN
gujaf-140	265	11	m.	m.	NOUN
gujaf-140	265	12	(	(	PUNCT
gujaf-140	265	13	2010	2010	NUM
gujaf-140	265	14	)	)	PUNCT
gujaf-140	265	15	.	.	PUNCT
gujaf-140	266	1	the	the	DET
gujaf-140	266	2	impact	impact	NOUN
gujaf-140	266	3	of	of	ADP
gujaf-140	266	4	board	board	NOUN
gujaf-140	266	5	structure	structure	NOUN
gujaf-140	266	6	on	on	ADP
gujaf-140	266	7	corporate	corporate	ADJ
gujaf-140	266	8	financial	financial	ADJ
gujaf-140	266	9	performance	performance	NOUN
gujaf-140	266	10	in	in	ADP
gujaf-140	266	11	nigeria	nigeria	PROPN
gujaf-140	266	12	.	.	PUNCT
gujaf-140	267	1	international	international	ADJ
gujaf-140	267	2	journal	journal	PROPN
gujaf-140	267	3	of	of	ADP
gujaf-140	267	4	business	business	NOUN
gujaf-140	267	5	and	and	CCONJ
gujaf-140	267	6	management	management	NOUN
gujaf-140	267	7	,	,	PUNCT
gujaf-140	267	8	5(10	5(10	NUM
gujaf-140	267	9	)	)	PUNCT
gujaf-140	267	10	,	,	PUNCT
gujaf-140	267	11	155	155	NUM
gujaf-140	267	12	-	-	SYM
gujaf-140	267	13	166	166	NUM
gujaf-140	267	14	18	18	NUM
gujaf-140	267	15	yammeesri	yammeesri	NOUN
gujaf-140	267	16	,	,	PUNCT
gujaf-140	267	17	j.	j.	PROPN
gujaf-140	267	18	,	,	PUNCT
gujaf-140	267	19	&	&	CCONJ
gujaf-140	267	20	lodh	lodh	PROPN
gujaf-140	267	21	,	,	PUNCT
gujaf-140	267	22	s.	s.	PROPN
gujaf-140	267	23	c.	c.	PROPN
gujaf-140	267	24	,	,	PUNCT
gujaf-140	267	25	(	(	PUNCT
gujaf-140	267	26	2004	2004	NUM
gujaf-140	267	27	)	)	PUNCT
gujaf-140	267	28	.	.	PUNCT
gujaf-140	267	29	is	be	AUX
gujaf-140	267	30	family	family	NOUN
gujaf-140	267	31	ownership	ownership	NOUN
gujaf-140	267	32	a	a	DET
gujaf-140	267	33	pain	pain	NOUN
gujaf-140	267	34	or	or	CCONJ
gujaf-140	267	35	gain	gain	NOUN
gujaf-140	267	36	to	to	PART
gujaf-140	267	37	firm	firm	ADJ
gujaf-140	267	38	performance	performance	NOUN
gujaf-140	267	39	?	?	PUNCT
gujaf-140	268	1	yermack	yermack	NOUN
gujaf-140	268	2	,	,	PUNCT
gujaf-140	268	3	d.	d.	PROPN
gujaf-140	268	4	(	(	PUNCT
gujaf-140	268	5	1996	1996	NUM
gujaf-140	268	6	)	)	PUNCT
gujaf-140	268	7	.	.	PUNCT
gujaf-140	269	1	higher	high	ADJ
gujaf-140	269	2	market	market	NOUN
gujaf-140	269	3	valuation	valuation	NOUN
gujaf-140	269	4	of	of	ADP
gujaf-140	269	5	companies	company	NOUN
gujaf-140	269	6	with	with	ADP
gujaf-140	269	7	a	a	DET
gujaf-140	269	8	small	small	ADJ
gujaf-140	269	9	board	board	NOUN
gujaf-140	269	10	of	of	ADP
gujaf-140	269	11	directors	director	NOUN
gujaf-140	269	12	.	.	PUNCT
gujaf-140	270	1	journal	journal	NOUN
gujaf-140	270	2	of	of	ADP
gujaf-140	270	3	financial	financial	ADJ
gujaf-140	270	4	economics	economic	NOUN
gujaf-140	270	5	40	40	NUM
gujaf-140	270	6	,	,	PUNCT
gujaf-140	270	7	185	185	NUM
gujaf-140	270	8	-	-	SYM
gujaf-140	270	9	211	211	NUM
gujaf-140	270	10	.	.	PUNCT
gujaf-140	271	1	zahra	zahra	PROPN
gujaf-140	271	2	,	,	PUNCT
gujaf-140	271	3	s.	s.	PROPN
gujaf-140	271	4	a.	a.	PROPN
gujaf-140	271	5	,	,	PUNCT
gujaf-140	271	6	&	&	CCONJ
gujaf-140	271	7	stanton	stanton	PROPN
gujaf-140	271	8	,	,	PUNCT
gujaf-140	271	9	w.	w.	PROPN
gujaf-140	271	10	w.	w.	PROPN
gujaf-140	271	11	,	,	PUNCT
gujaf-140	271	12	(	(	PUNCT
gujaf-140	271	13	1988	1988	NUM
gujaf-140	271	14	)	)	PUNCT
gujaf-140	271	15	.	.	PUNCT
gujaf-140	272	1	the	the	DET
gujaf-140	272	2	implications	implication	NOUN
gujaf-140	272	3	of	of	ADP
gujaf-140	272	4	board	board	NOUN
gujaf-140	272	5	of	of	ADP
gujaf-140	272	6	directors	director	NOUN
gujaf-140	272	7	’	’	PART
gujaf-140	272	8	composition	composition	NOUN
gujaf-140	272	9	on	on	ADP
gujaf-140	272	10	financial	financial	ADJ
gujaf-140	272	11	performance	performance	NOUN
gujaf-140	272	12	.	.	PUNCT
gujaf-140	273	1	journal	journal	NOUN
gujaf-140	273	2	of	of	ADP
gujaf-140	273	3	sagepub.com	sagepub.com	X
gujaf-140	273	4	zahra	zahra	PROPN
gujaf-140	273	5	,	,	PUNCT
gujaf-140	273	6	s.	s.	PROPN
gujaf-140	273	7	a.	a.	PROPN
gujaf-140	273	8	,	,	PUNCT
gujaf-140	273	9	&	&	CCONJ
gujaf-140	273	10	.	.	PUNCT
gujaf-140	274	1	pearce	pearce	PROPN
gujaf-140	274	2	ii	ii	PROPN
gujaf-140	274	3	,	,	PUNCT
gujaf-140	274	4	j.	j.	PROPN
gujaf-140	274	5	a.	a.	PROPN
gujaf-140	274	6	,	,	PUNCT
gujaf-140	274	7	(	(	PUNCT
gujaf-140	274	8	1989	1989	NUM
gujaf-140	274	9	)	)	PUNCT
gujaf-140	274	10	.	.	PUNCT
gujaf-140	275	1	board	board	NOUN
gujaf-140	275	2	of	of	ADP
gujaf-140	275	3	directors	director	NOUN
gujaf-140	275	4	and	and	CCONJ
gujaf-140	275	5	corporate	corporate	ADJ
gujaf-140	275	6	financial	financial	ADJ
gujaf-140	275	7	performance	performance	NOUN
gujaf-140	275	8	.	.	PUNCT
gujaf-140	276	1	journal	journal	NOUN
gujaf-140	276	2	of	of	ADP
gujaf-140	276	3	sagepub.com	sagepub.com	X
gujaf-140	276	4	19	19	NUM