id	sid	tid	token	lemma	pos
gujaf-148	1	1	i	i	PRON
gujaf-148	1	2	gusau	gusau	PROPN
gujaf-148	1	3	journal	journal	NOUN
gujaf-148	1	4	of	of	ADP
gujaf-148	1	5	accounting	accounting	NOUN
gujaf-148	1	6	and	and	CCONJ
gujaf-148	1	7	finance	finance	NOUN
gujaf-148	1	8	(	(	PUNCT
gujaf-148	1	9	gujaf	gujaf	NOUN
gujaf-148	1	10	)	)	PUNCT
gujaf-148	1	11	vol	vol	NOUN
gujaf-148	1	12	.	.	NOUN
gujaf-148	1	13	3	3	NUM
gujaf-148	1	14	issue	issue	NOUN
gujaf-148	1	15	2	2	NUM
gujaf-148	1	16	,	,	PUNCT
gujaf-148	1	17	april	april	PROPN
gujaf-148	1	18	,	,	PUNCT
gujaf-148	1	19	2022	2022	NUM
gujaf-148	1	20	issn	issn	NOUN
gujaf-148	1	21	:	:	PUNCT
gujaf-148	1	22	2756	2756	NUM
gujaf-148	1	23	-	-	PUNCT
gujaf-148	1	24	665x	665x	NOUN
gujaf-148	1	25	a	a	DET
gujaf-148	1	26	publication	publication	NOUN
gujaf-148	1	27	of	of	ADP
gujaf-148	1	28	department	department	NOUN
gujaf-148	1	29	of	of	ADP
gujaf-148	1	30	accounting	accounting	NOUN
gujaf-148	1	31	and	and	CCONJ
gujaf-148	1	32	finance	finance	NOUN
gujaf-148	1	33	,	,	PUNCT
gujaf-148	1	34	faculty	faculty	NOUN
gujaf-148	1	35	of	of	ADP
gujaf-148	1	36	management	management	NOUN
gujaf-148	1	37	and	and	CCONJ
gujaf-148	1	38	social	social	ADJ
gujaf-148	1	39	sciences	science	NOUN
gujaf-148	1	40	,	,	PUNCT
gujaf-148	1	41	federal	federal	ADJ
gujaf-148	1	42	university	university	NOUN
gujaf-148	1	43	gusau	gusau	NOUN
gujaf-148	1	44	,	,	PUNCT
gujaf-148	1	45	zamfara	zamfara	PROPN
gujaf-148	1	46	state	state	PROPN
gujaf-148	1	47	-nigeria	-nigeria	PROPN
gujaf-148	1	48	1	1	NUM
gujaf-148	1	49	corporate	corporate	ADJ
gujaf-148	1	50	governance	governance	NOUN
gujaf-148	1	51	mechanism	mechanism	NOUN
gujaf-148	1	52	and	and	CCONJ
gujaf-148	1	53	stock	stock	NOUN
gujaf-148	1	54	price	price	NOUN
gujaf-148	1	55	performance	performance	NOUN
gujaf-148	1	56	:	:	PUNCT
gujaf-148	1	57	insights	insight	NOUN
gujaf-148	1	58	from	from	ADP
gujaf-148	1	59	nigeria	nigeria	PROPN
gujaf-148	1	60	frankline	frankline	PROPN
gujaf-148	1	61	c.s.a	c.s.a	PROPN
gujaf-148	1	62	.	.	PROPN
gujaf-148	1	63	okeke	okeke	PROPN
gujaf-148	1	64	phd	phd	PROPN
gujaf-148	1	65	department	department	PROPN
gujaf-148	1	66	of	of	ADP
gujaf-148	1	67	accountancy	accountancy	NOUN
gujaf-148	1	68	alex	alex	PROPN
gujaf-148	1	69	ekwueme	ekwueme	PROPN
gujaf-148	1	70	federal	federal	PROPN
gujaf-148	1	71	university	university	PROPN
gujaf-148	1	72	ndufu	ndufu	PROPN
gujaf-148	1	73	-	-	PUNCT
gujaf-148	1	74	alike	alike	ADV
gujaf-148	1	75	,	,	PUNCT
gujaf-148	1	76	ikwo	ikwo	PROPN
gujaf-148	1	77	ebonyi	ebonyi	PROPN
gujaf-148	1	78	state	state	PROPN
gujaf-148	1	79	nigeria	nigeria	PROPN
gujaf-148	1	80	.	.	PUNCT
gujaf-148	2	1	frankcsa31@gmail.com	frankcsa31@gmail.com	X
gujaf-148	2	2	obiora	obiora	PROPN
gujaf-148	2	3	peters	peters	PROPN
gujaf-148	2	4	emeka	emeka	VERB
gujaf-148	2	5	ph	ph	PROPN
gujaf-148	2	6	.	.	PUNCT
gujaf-148	3	1	d	d	PROPN
gujaf-148	3	2	chukwuemeka	chukwuemeka	PROPN
gujaf-148	3	3	odumegwu	odumegwu	PROPN
gujaf-148	3	4	ojukwu	ojukwu	PROPN
gujaf-148	3	5	university	university	PROPN
gujaf-148	3	6	,	,	PUNCT
gujaf-148	3	7	anambra	anambra	PROPN
gujaf-148	3	8	state	state	PROPN
gujaf-148	3	9	,	,	PUNCT
gujaf-148	3	10	nigeria	nigeria	PROPN
gujaf-148	3	11	obiorapeters919@gmail.com	obiorapeters919@gmail.com	X
gujaf-148	3	12	chinonye	chinonye	PROPN
gujaf-148	3	13	b.	b.	PROPN
gujaf-148	3	14	ezeilo	ezeilo	PROPN
gujaf-148	3	15	department	department	PROPN
gujaf-148	3	16	of	of	ADP
gujaf-148	3	17	accountancy	accountancy	NOUN
gujaf-148	3	18	akanu	akanu	NOUN
gujaf-148	3	19	ibiam	ibiam	PROPN
gujaf-148	3	20	federal	federal	PROPN
gujaf-148	3	21	polytechnic	polytechnic	PROPN
gujaf-148	3	22	unwana	unwana	PROPN
gujaf-148	3	23	,	,	PUNCT
gujaf-148	3	24	ebonyi	ebonyi	PROPN
gujaf-148	3	25	state	state	PROPN
gujaf-148	3	26	.	.	PUNCT
gujaf-148	4	1	nigeria	nigeria	PROPN
gujaf-148	4	2	.	.	PUNCT
gujaf-148	5	1	bchiezeilo@gmail.com	bchiezeilo@gmail.com	PROPN
gujaf-148	6	1	azuka	azuka	PROPN
gujaf-148	6	2	tina	tina	PROPN
gujaf-148	6	3	nwobodo	nwobodo	PROPN
gujaf-148	6	4	ph	ph	PROPN
gujaf-148	6	5	.	.	PROPN
gujaf-148	7	1	d	d	PROPN
gujaf-148	7	2	department	department	PROPN
gujaf-148	7	3	of	of	ADP
gujaf-148	7	4	accountancy	accountancy	PROPN
gujaf-148	7	5	institute	institute	PROPN
gujaf-148	7	6	of	of	ADP
gujaf-148	7	7	management	management	NOUN
gujaf-148	7	8	and	and	CCONJ
gujaf-148	7	9	technology	technology	NOUN
gujaf-148	7	10	(	(	PUNCT
gujaf-148	7	11	imt	imt	PROPN
gujaf-148	7	12	)	)	PUNCT
gujaf-148	7	13	,	,	PUNCT
gujaf-148	7	14	enugu	enugu	PROPN
gujaf-148	7	15	.	.	PUNCT
gujaf-148	8	1	nigeria	nigeria	PROPN
gujaf-148	8	2	.	.	PUNCT
gujaf-148	8	3	azukatina2015@gmail.com	azukatina2015@gmail.com	PROPN
gujaf-148	9	1	ifeoma	ifeoma	PROPN
gujaf-148	9	2	gloria	gloria	PROPN
gujaf-148	9	3	duruzor	duruzor	PROPN
gujaf-148	9	4	ph	ph	VERB
gujaf-148	9	5	.	.	PROPN
gujaf-148	10	1	d	d	PROPN
gujaf-148	10	2	department	department	PROPN
gujaf-148	10	3	of	of	ADP
gujaf-148	10	4	accountancy	accountancy	NOUN
gujaf-148	10	5	alex	alex	PROPN
gujaf-148	10	6	ekwueme	ekwueme	PROPN
gujaf-148	10	7	federal	federal	PROPN
gujaf-148	10	8	university	university	PROPN
gujaf-148	10	9	ndufu	ndufu	PROPN
gujaf-148	10	10	-	-	PUNCT
gujaf-148	10	11	alike	alike	ADV
gujaf-148	10	12	,	,	PUNCT
gujaf-148	10	13	ikwo	ikwo	PROPN
gujaf-148	10	14	ebonyi	ebonyi	PROPN
gujaf-148	10	15	state	state	PROPN
gujaf-148	10	16	nigeria	nigeria	PROPN
gujaf-148	10	17	.	.	PUNCT
gujaf-148	11	1	omaduruzor@gmail.com	omaduruzor@gmail.com	X
gujaf-148	12	1	abstract	abstract	ADV
gujaf-148	12	2	over	over	ADP
gujaf-148	12	3	the	the	DET
gujaf-148	12	4	years	year	NOUN
gujaf-148	12	5	,	,	PUNCT
gujaf-148	12	6	firms	firm	NOUN
gujaf-148	12	7	from	from	ADP
gujaf-148	12	8	financial	financial	ADJ
gujaf-148	12	9	,	,	PUNCT
gujaf-148	12	10	real	real	ADJ
gujaf-148	12	11	estate	estate	NOUN
gujaf-148	12	12	and	and	CCONJ
gujaf-148	12	13	construction	construction	NOUN
gujaf-148	12	14	sectors	sector	NOUN
gujaf-148	12	15	in	in	ADP
gujaf-148	12	16	nigeria	nigeria	PROPN
gujaf-148	12	17	have	have	AUX
gujaf-148	12	18	been	be	AUX
gujaf-148	12	19	challenged	challenge	VERB
gujaf-148	12	20	heavily	heavily	ADV
gujaf-148	12	21	by	by	ADP
gujaf-148	12	22	corporate	corporate	ADJ
gujaf-148	12	23	governance	governance	NOUN
gujaf-148	12	24	lapses	lapse	NOUN
gujaf-148	12	25	.	.	PUNCT
gujaf-148	13	1	this	this	PRON
gujaf-148	13	2	seems	seem	VERB
gujaf-148	13	3	to	to	PART
gujaf-148	13	4	have	have	AUX
gujaf-148	13	5	affected	affect	VERB
gujaf-148	13	6	major	major	ADJ
gujaf-148	13	7	spheres	sphere	NOUN
gujaf-148	13	8	of	of	ADP
gujaf-148	13	9	performance	performance	NOUN
gujaf-148	13	10	and	and	CCONJ
gujaf-148	13	11	specifically	specifically	ADV
gujaf-148	13	12	market	market	NOUN
gujaf-148	13	13	stock	stock	NOUN
gujaf-148	13	14	price	price	NOUN
gujaf-148	13	15	of	of	ADP
gujaf-148	13	16	the	the	DET
gujaf-148	13	17	firms	firm	NOUN
gujaf-148	13	18	,	,	PUNCT
gujaf-148	13	19	thereby	thereby	ADV
gujaf-148	13	20	necessitating	necessitate	VERB
gujaf-148	13	21	investigation	investigation	NOUN
gujaf-148	13	22	into	into	ADP
gujaf-148	13	23	its	its	PRON
gujaf-148	13	24	level	level	NOUN
gujaf-148	13	25	of	of	ADP
gujaf-148	13	26	influence	influence	NOUN
gujaf-148	13	27	.	.	PUNCT
gujaf-148	14	1	this	this	DET
gujaf-148	14	2	study	study	NOUN
gujaf-148	14	3	assessed	assess	VERB
gujaf-148	14	4	how	how	SCONJ
gujaf-148	14	5	corporate	corporate	ADJ
gujaf-148	14	6	governance	governance	NOUN
gujaf-148	14	7	practices	practice	NOUN
gujaf-148	14	8	affected	affect	VERB
gujaf-148	14	9	listed	list	VERB
gujaf-148	14	10	businesses	business	NOUN
gujaf-148	14	11	in	in	ADP
gujaf-148	14	12	nigeria	nigeria	PROPN
gujaf-148	14	13	's	's	PART
gujaf-148	14	14	firm	firm	ADJ
gujaf-148	14	15	performance	performance	NOUN
gujaf-148	14	16	.	.	PUNCT
gujaf-148	15	1	the	the	DET
gujaf-148	15	2	study	study	NOUN
gujaf-148	15	3	's	's	PART
gujaf-148	15	4	goal	goal	NOUN
gujaf-148	15	5	is	be	AUX
gujaf-148	15	6	to	to	PART
gujaf-148	15	7	assess	assess	VERB
gujaf-148	15	8	the	the	DET
gujaf-148	15	9	impact	impact	NOUN
gujaf-148	15	10	of	of	ADP
gujaf-148	15	11	board	board	NOUN
gujaf-148	15	12	diversity	diversity	NOUN
gujaf-148	15	13	,	,	PUNCT
gujaf-148	15	14	independence	independence	NOUN
gujaf-148	15	15	,	,	PUNCT
gujaf-148	15	16	size	size	NOUN
gujaf-148	15	17	,	,	PUNCT
gujaf-148	15	18	and	and	CCONJ
gujaf-148	15	19	ownership	ownership	NOUN
gujaf-148	15	20	on	on	ADP
gujaf-148	15	21	the	the	DET
gujaf-148	15	22	stock	stock	NOUN
gujaf-148	15	23	price	price	NOUN
gujaf-148	15	24	performance	performance	NOUN
gujaf-148	15	25	of	of	ADP
gujaf-148	15	26	a	a	DET
gujaf-148	15	27	sample	sample	NOUN
gujaf-148	15	28	of	of	ADP
gujaf-148	15	29	nigerian	nigerian	ADJ
gujaf-148	15	30	public	public	ADJ
gujaf-148	15	31	companies	company	NOUN
gujaf-148	15	32	.	.	PUNCT
gujaf-148	16	1	in	in	ADP
gujaf-148	16	2	order	order	NOUN
gujaf-148	16	3	to	to	PART
gujaf-148	16	4	achieve	achieve	VERB
gujaf-148	16	5	this	this	PRON
gujaf-148	16	6	,	,	PUNCT
gujaf-148	16	7	the	the	DET
gujaf-148	16	8	study	study	NOUN
gujaf-148	16	9	used	use	VERB
gujaf-148	16	10	secondary	secondary	ADJ
gujaf-148	16	11	data	datum	NOUN
gujaf-148	16	12	,	,	PUNCT
gujaf-148	16	13	which	which	PRON
gujaf-148	16	14	was	be	AUX
gujaf-148	16	15	based	base	VERB
gujaf-148	16	16	on	on	ADP
gujaf-148	16	17	an	an	DET
gujaf-148	16	18	ex	ex	ADJ
gujaf-148	16	19	post	post	X
gujaf-148	16	20	facto	facto	X
gujaf-148	16	21	research	research	NOUN
gujaf-148	16	22	strategy	strategy	NOUN
gujaf-148	16	23	and	and	CCONJ
gujaf-148	16	24	used	use	VERB
gujaf-148	16	25	a	a	DET
gujaf-148	16	26	pooled	pooled	ADJ
gujaf-148	16	27	data	datum	NOUN
gujaf-148	16	28	set	set	VERB
gujaf-148	16	29	gathered	gather	VERB
gujaf-148	16	30	from	from	ADP
gujaf-148	16	31	sixteen	sixteen	PROPN
gujaf-148	16	32	(	(	PUNCT
gujaf-148	16	33	16	16	NUM
gujaf-148	16	34	)	)	PUNCT
gujaf-148	16	35	quoted	quote	VERB
gujaf-148	16	36	businesses	business	NOUN
gujaf-148	16	37	during	during	ADP
gujaf-148	16	38	the	the	DET
gujaf-148	16	39	period	period	NOUN
gujaf-148	16	40	between	between	ADP
gujaf-148	16	41	the	the	DET
gujaf-148	16	42	2006	2006	NUM
gujaf-148	16	43	and	and	CCONJ
gujaf-148	16	44	2019	2019	NUM
gujaf-148	16	45	financial	financial	ADJ
gujaf-148	16	46	period	period	NOUN
gujaf-148	16	47	.	.	PUNCT
gujaf-148	17	1	descriptive	descriptive	ADJ
gujaf-148	17	2	statistics	statistic	NOUN
gujaf-148	17	3	,	,	PUNCT
gujaf-148	17	4	correlation	correlation	NOUN
gujaf-148	17	5	matrices	matrix	NOUN
gujaf-148	17	6	,	,	PUNCT
gujaf-148	17	7	and	and	CCONJ
gujaf-148	17	8	robust	robust	ADJ
gujaf-148	17	9	least	least	ADJ
gujaf-148	17	10	squares	square	NOUN
gujaf-148	17	11	regression	regression	VERB
gujaf-148	17	12	analysis	analysis	NOUN
gujaf-148	17	13	techniques	technique	NOUN
gujaf-148	17	14	were	be	AUX
gujaf-148	17	15	used	use	VERB
gujaf-148	17	16	to	to	PART
gujaf-148	17	17	analyze	analyze	VERB
gujaf-148	17	18	the	the	DET
gujaf-148	17	19	data	datum	NOUN
gujaf-148	17	20	that	that	PRON
gujaf-148	17	21	had	have	AUX
gujaf-148	17	22	been	be	AUX
gujaf-148	17	23	gathered	gather	VERB
gujaf-148	17	24	.	.	PUNCT
gujaf-148	18	1	the	the	DET
gujaf-148	18	2	agency	agency	NOUN
gujaf-148	18	3	theory	theory	NOUN
gujaf-148	18	4	and	and	CCONJ
gujaf-148	18	5	entrenchment	entrenchment	ADJ
gujaf-148	18	6	hypothesis	hypothesis	NOUN
gujaf-148	18	7	served	serve	VERB
gujaf-148	18	8	as	as	ADP
gujaf-148	18	9	the	the	DET
gujaf-148	18	10	study	study	NOUN
gujaf-148	18	11	's	's	PART
gujaf-148	18	12	pillars	pillar	NOUN
gujaf-148	18	13	.	.	PUNCT
gujaf-148	19	1	the	the	DET
gujaf-148	19	2	results	result	NOUN
gujaf-148	19	3	support	support	VERB
gujaf-148	19	4	the	the	DET
gujaf-148	19	5	entrenchment	entrenchment	ADJ
gujaf-148	19	6	hypothesis	hypothesis	NOUN
gujaf-148	19	7	,	,	PUNCT
gujaf-148	19	8	which	which	PRON
gujaf-148	19	9	contends	contend	VERB
gujaf-148	19	10	that	that	SCONJ
gujaf-148	19	11	large	large	ADJ
gujaf-148	19	12	board	board	NOUN
gujaf-148	19	13	ownership	ownership	NOUN
gujaf-148	19	14	percentages	percentage	NOUN
gujaf-148	19	15	have	have	VERB
gujaf-148	19	16	a	a	DET
gujaf-148	19	17	negative	negative	ADJ
gujaf-148	19	18	impact	impact	NOUN
gujaf-148	19	19	on	on	ADP
gujaf-148	19	20	stock	stock	NOUN
gujaf-148	19	21	price	price	NOUN
gujaf-148	19	22	performance	performance	NOUN
gujaf-148	19	23	.	.	PUNCT
gujaf-148	20	1	in	in	ADP
gujaf-148	20	2	particular	particular	ADJ
gujaf-148	20	3	,	,	PUNCT
gujaf-148	20	4	we	we	PRON
gujaf-148	20	5	discover	discover	VERB
gujaf-148	20	6	that	that	SCONJ
gujaf-148	20	7	the	the	DET
gujaf-148	20	8	stock	stock	NOUN
gujaf-148	20	9	price	price	NOUN
gujaf-148	20	10	performance	performance	NOUN
gujaf-148	20	11	of	of	ADP
gujaf-148	20	12	listed	list	VERB
gujaf-148	20	13	companies	company	NOUN
gujaf-148	20	14	in	in	ADP
gujaf-148	20	15	nigeria	nigeria	PROPN
gujaf-148	20	16	throughout	throughout	ADP
gujaf-148	20	17	the	the	DET
gujaf-148	20	18	study	study	NOUN
gujaf-148	20	19	period	period	NOUN
gujaf-148	20	20	was	be	AUX
gujaf-148	20	21	negatively	negatively	ADV
gujaf-148	20	22	mailto:frankcsa31@gmail.com	mailto:frankcsa31@gmail.com	X
gujaf-148	20	23	mailto:obiorapeters919@gmail.com	mailto:obiorapeters919@gmail.com	X
gujaf-148	21	1	mailto:bchiezeilo@gmail.com	mailto:bchiezeilo@gmail.com	X
gujaf-148	21	2	mailto:azukatina2015@gmail.com	mailto:azukatina2015@gmail.com	X
gujaf-148	21	3	mailto:omaduruzor@gmail.com	mailto:omaduruzor@gmail.com	NOUN
gujaf-148	21	4	2	2	NUM
gujaf-148	21	5	impacted	impact	VERB
gujaf-148	21	6	by	by	ADP
gujaf-148	21	7	the	the	DET
gujaf-148	21	8	corporate	corporate	ADJ
gujaf-148	21	9	governance	governance	NOUN
gujaf-148	21	10	variables	variable	NOUN
gujaf-148	21	11	of	of	ADP
gujaf-148	21	12	board	board	NOUN
gujaf-148	21	13	size	size	NOUN
gujaf-148	21	14	and	and	CCONJ
gujaf-148	21	15	board	board	NOUN
gujaf-148	21	16	ownership	ownership	NOUN
gujaf-148	21	17	,	,	PUNCT
gujaf-148	21	18	both	both	PRON
gujaf-148	21	19	of	of	ADP
gujaf-148	21	20	which	which	PRON
gujaf-148	21	21	are	be	AUX
gujaf-148	21	22	statistically	statistically	ADV
gujaf-148	21	23	significant	significant	ADJ
gujaf-148	21	24	at1	at1	PROPN
gujaf-148	21	25	%	%	NOUN
gujaf-148	21	26	,	,	PUNCT
gujaf-148	21	27	5	5	NUM
gujaf-148	21	28	%	%	NOUN
gujaf-148	21	29	,	,	PUNCT
gujaf-148	21	30	and	and	CCONJ
gujaf-148	21	31	10	10	NUM
gujaf-148	21	32	%	%	NOUN
gujaf-148	21	33	.	.	PUNCT
gujaf-148	22	1	the	the	DET
gujaf-148	22	2	entrenchment	entrenchment	ADJ
gujaf-148	22	3	effect	effect	NOUN
gujaf-148	22	4	,	,	PUNCT
gujaf-148	22	5	which	which	PRON
gujaf-148	22	6	is	be	AUX
gujaf-148	22	7	already	already	ADV
gujaf-148	22	8	at	at	ADP
gujaf-148	22	9	work	work	NOUN
gujaf-148	22	10	among	among	ADP
gujaf-148	22	11	our	our	PRON
gujaf-148	22	12	sample	sample	NOUN
gujaf-148	22	13	companies	company	NOUN
gujaf-148	22	14	,	,	PUNCT
gujaf-148	22	15	leads	lead	VERB
gujaf-148	22	16	us	we	PRON
gujaf-148	22	17	to	to	PART
gujaf-148	22	18	urge	urge	VERB
gujaf-148	22	19	,	,	PUNCT
gujaf-148	22	20	among	among	ADP
gujaf-148	22	21	other	other	ADJ
gujaf-148	22	22	things	thing	NOUN
gujaf-148	22	23	,	,	PUNCT
gujaf-148	22	24	that	that	DET
gujaf-148	22	25	consideration	consideration	NOUN
gujaf-148	22	26	be	be	AUX
gujaf-148	22	27	given	give	VERB
gujaf-148	22	28	to	to	ADP
gujaf-148	22	29	the	the	DET
gujaf-148	22	30	review	review	NOUN
gujaf-148	22	31	of	of	ADP
gujaf-148	22	32	board	board	NOUN
gujaf-148	22	33	ownership	ownership	NOUN
gujaf-148	22	34	and	and	CCONJ
gujaf-148	22	35	size	size	NOUN
gujaf-148	22	36	in	in	ADP
gujaf-148	22	37	light	light	NOUN
gujaf-148	22	38	of	of	ADP
gujaf-148	22	39	the	the	DET
gujaf-148	22	40	study	study	NOUN
gujaf-148	22	41	's	's	PART
gujaf-148	22	42	findings	finding	NOUN
gujaf-148	22	43	.	.	PUNCT
gujaf-148	23	1	keywords	keyword	NOUN
gujaf-148	23	2	:	:	PUNCT
gujaf-148	23	3	performance	performance	NOUN
gujaf-148	23	4	,	,	PUNCT
gujaf-148	23	5	stock	stock	NOUN
gujaf-148	23	6	price	price	NOUN
gujaf-148	23	7	,	,	PUNCT
gujaf-148	23	8	and	and	CCONJ
gujaf-148	23	9	corporate	corporate	ADJ
gujaf-148	23	10	governance	governance	NOUN
gujaf-148	23	11	1	1	NUM
gujaf-148	23	12	.	.	PUNCT
gujaf-148	23	13	introduction	introduction	NOUN
gujaf-148	23	14	one	one	NUM
gujaf-148	23	15	hundred	hundred	NUM
gujaf-148	23	16	large	large	ADJ
gujaf-148	23	17	worldwide	worldwide	ADJ
gujaf-148	23	18	economic	economic	ADJ
gujaf-148	23	19	entities	entity	NOUN
gujaf-148	23	20	exist	exist	VERB
gujaf-148	23	21	,	,	PUNCT
gujaf-148	23	22	of	of	ADP
gujaf-148	23	23	which	which	PRON
gujaf-148	23	24	forty	forty	NUM
gujaf-148	23	25	-	-	PUNCT
gujaf-148	23	26	four	four	NUM
gujaf-148	23	27	(	(	PUNCT
gujaf-148	23	28	44	44	NUM
gujaf-148	23	29	)	)	PUNCT
gujaf-148	23	30	are	be	AUX
gujaf-148	23	31	corporations	corporation	NOUN
gujaf-148	23	32	and	and	CCONJ
gujaf-148	23	33	fifty	fifty	NUM
gujaf-148	23	34	-	-	PUNCT
gujaf-148	23	35	six	six	NUM
gujaf-148	23	36	(	(	PUNCT
gujaf-148	23	37	56	56	NUM
gujaf-148	23	38	)	)	PUNCT
gujaf-148	23	39	are	be	AUX
gujaf-148	23	40	owned	own	VERB
gujaf-148	23	41	by	by	ADP
gujaf-148	23	42	states	state	NOUN
gujaf-148	23	43	.	.	PUNCT
gujaf-148	24	1	the	the	DET
gujaf-148	24	2	corporation	corporation	NOUN
gujaf-148	24	3	is	be	AUX
gujaf-148	24	4	like	like	ADP
gujaf-148	24	5	a	a	DET
gujaf-148	24	6	state	state	NOUN
gujaf-148	24	7	in	in	SCONJ
gujaf-148	24	8	that	that	SCONJ
gujaf-148	24	9	it	it	PRON
gujaf-148	24	10	has	have	VERB
gujaf-148	24	11	its	its	PRON
gujaf-148	24	12	own	own	ADJ
gujaf-148	24	13	laws	law	NOUN
gujaf-148	24	14	,	,	PUNCT
gujaf-148	24	15	as	as	ADV
gujaf-148	24	16	well	well	ADV
gujaf-148	24	17	as	as	ADP
gujaf-148	24	18	executive	executive	ADJ
gujaf-148	24	19	and	and	CCONJ
gujaf-148	24	20	supervisory	supervisory	ADJ
gujaf-148	24	21	authorities	authority	NOUN
gujaf-148	24	22	that	that	PRON
gujaf-148	24	23	must	must	AUX
gujaf-148	24	24	govern	govern	VERB
gujaf-148	24	25	the	the	DET
gujaf-148	24	26	business	business	NOUN
gujaf-148	24	27	in	in	ADP
gujaf-148	24	28	accordance	accordance	NOUN
gujaf-148	24	29	with	with	ADP
gujaf-148	24	30	established	established	ADJ
gujaf-148	24	31	norms	norm	NOUN
gujaf-148	24	32	and	and	CCONJ
gujaf-148	24	33	culture	culture	NOUN
gujaf-148	24	34	to	to	PART
gujaf-148	24	35	ensure	ensure	VERB
gujaf-148	24	36	value	value	NOUN
gujaf-148	24	37	-	-	PUNCT
gujaf-148	24	38	based	base	VERB
gujaf-148	24	39	management	management	NOUN
gujaf-148	24	40	(	(	PUNCT
gujaf-148	24	41	brigham	brigham	PROPN
gujaf-148	24	42	and	and	CCONJ
gujaf-148	24	43	erhard	erhard	PROPN
gujaf-148	24	44	2004	2004	NUM
gujaf-148	24	45	)	)	PUNCT
gujaf-148	24	46	.	.	PUNCT
gujaf-148	25	1	in	in	ADP
gujaf-148	25	2	order	order	NOUN
gujaf-148	25	3	to	to	PART
gujaf-148	25	4	maximize	maximize	VERB
gujaf-148	25	5	the	the	DET
gujaf-148	25	6	wealth	wealth	NOUN
gujaf-148	25	7	of	of	ADP
gujaf-148	25	8	shareholders	shareholder	NOUN
gujaf-148	25	9	and	and	CCONJ
gujaf-148	25	10	other	other	ADJ
gujaf-148	25	11	interested	interested	ADJ
gujaf-148	25	12	parties	party	NOUN
gujaf-148	25	13	,	,	PUNCT
gujaf-148	25	14	good	good	ADJ
gujaf-148	25	15	corporate	corporate	ADJ
gujaf-148	25	16	governance	governance	NOUN
gujaf-148	25	17	is	be	AUX
gujaf-148	25	18	established	establish	VERB
gujaf-148	25	19	and	and	CCONJ
gujaf-148	25	20	offers	offer	VERB
gujaf-148	25	21	a	a	DET
gujaf-148	25	22	significant	significant	ADJ
gujaf-148	25	23	reduction	reduction	NOUN
gujaf-148	25	24	in	in	ADP
gujaf-148	25	25	the	the	DET
gujaf-148	25	26	agency	agency	NOUN
gujaf-148	25	27	problem	problem	NOUN
gujaf-148	25	28	.	.	PUNCT
gujaf-148	26	1	these	these	DET
gujaf-148	26	2	results	result	NOUN
gujaf-148	26	3	imply	imply	VERB
gujaf-148	26	4	that	that	SCONJ
gujaf-148	26	5	effective	effective	ADJ
gujaf-148	26	6	corporate	corporate	ADJ
gujaf-148	26	7	governance	governance	NOUN
gujaf-148	26	8	secures	secure	VERB
gujaf-148	26	9	long	long	ADJ
gujaf-148	26	10	-	-	PUNCT
gujaf-148	26	11	term	term	NOUN
gujaf-148	26	12	confidence	confidence	NOUN
gujaf-148	26	13	between	between	ADP
gujaf-148	26	14	shareholders	shareholder	NOUN
gujaf-148	26	15	and	and	CCONJ
gujaf-148	26	16	the	the	DET
gujaf-148	26	17	company	company	NOUN
gujaf-148	26	18	's	's	PART
gujaf-148	26	19	management	management	NOUN
gujaf-148	26	20	.	.	PUNCT
gujaf-148	27	1	in	in	ADP
gujaf-148	27	2	their	their	PRON
gujaf-148	27	3	2013	2013	NUM
gujaf-148	27	4	study	study	NOUN
gujaf-148	27	5	,	,	PUNCT
gujaf-148	27	6	kumar	kumar	PROPN
gujaf-148	27	7	and	and	CCONJ
gujaf-148	27	8	singh	singh	PROPN
gujaf-148	27	9	came	come	VERB
gujaf-148	27	10	to	to	ADP
gujaf-148	27	11	the	the	DET
gujaf-148	27	12	conclusion	conclusion	NOUN
gujaf-148	27	13	that	that	SCONJ
gujaf-148	27	14	while	while	SCONJ
gujaf-148	27	15	excellent	excellent	ADJ
gujaf-148	27	16	governance	governance	NOUN
gujaf-148	27	17	has	have	VERB
gujaf-148	27	18	real	real	ADJ
gujaf-148	27	19	,	,	PUNCT
gujaf-148	27	20	positive	positive	ADJ
gujaf-148	27	21	effects	effect	NOUN
gujaf-148	27	22	on	on	ADP
gujaf-148	27	23	the	the	DET
gujaf-148	27	24	economy	economy	NOUN
gujaf-148	27	25	and	and	CCONJ
gujaf-148	27	26	markets	market	NOUN
gujaf-148	27	27	,	,	PUNCT
gujaf-148	27	28	these	these	DET
gujaf-148	27	29	advantages	advantage	NOUN
gujaf-148	27	30	are	be	AUX
gujaf-148	27	31	more	more	ADV
gujaf-148	27	32	apparent	apparent	ADJ
gujaf-148	27	33	when	when	SCONJ
gujaf-148	27	34	the	the	DET
gujaf-148	27	35	economy	economy	NOUN
gujaf-148	27	36	is	be	AUX
gujaf-148	27	37	in	in	ADP
gujaf-148	27	38	a	a	DET
gujaf-148	27	39	slump	slump	NOUN
gujaf-148	27	40	.	.	PUNCT
gujaf-148	28	1	by	by	ADP
gujaf-148	28	2	implementing	implement	VERB
gujaf-148	28	3	sound	sound	ADJ
gujaf-148	28	4	corporate	corporate	ADJ
gujaf-148	28	5	governance	governance	NOUN
gujaf-148	28	6	,	,	PUNCT
gujaf-148	28	7	the	the	DET
gujaf-148	28	8	company	company	NOUN
gujaf-148	28	9	might	might	AUX
gujaf-148	28	10	mitigate	mitigate	VERB
gujaf-148	28	11	the	the	DET
gujaf-148	28	12	considerable	considerable	ADJ
gujaf-148	28	13	decline	decline	NOUN
gujaf-148	28	14	in	in	ADP
gujaf-148	28	15	share	share	NOUN
gujaf-148	28	16	price	price	NOUN
gujaf-148	28	17	that	that	PRON
gujaf-148	28	18	it	it	PRON
gujaf-148	28	19	experienced	experience	VERB
gujaf-148	28	20	during	during	ADP
gujaf-148	28	21	the	the	DET
gujaf-148	28	22	most	most	ADV
gujaf-148	28	23	recent	recent	ADJ
gujaf-148	28	24	global	global	ADJ
gujaf-148	28	25	financial	financial	ADJ
gujaf-148	28	26	crisis	crisis	NOUN
gujaf-148	28	27	(	(	PUNCT
gujaf-148	28	28	monem	monem	NOUN
gujaf-148	28	29	,	,	PUNCT
gujaf-148	28	30	2013	2013	NUM
gujaf-148	28	31	)	)	PUNCT
gujaf-148	28	32	.	.	PUNCT
gujaf-148	29	1	furthermore	furthermore	ADV
gujaf-148	29	2	,	,	PUNCT
gujaf-148	29	3	in	in	ADP
gujaf-148	29	4	terms	term	NOUN
gujaf-148	29	5	of	of	ADP
gujaf-148	29	6	return	return	NOUN
gujaf-148	29	7	on	on	ADP
gujaf-148	29	8	assets	asset	NOUN
gujaf-148	29	9	or	or	CCONJ
gujaf-148	29	10	the	the	DET
gujaf-148	29	11	firm	firm	NOUN
gujaf-148	29	12	's	's	PART
gujaf-148	29	13	development	development	NOUN
gujaf-148	29	14	potential	potential	NOUN
gujaf-148	29	15	,	,	PUNCT
gujaf-148	29	16	good	good	ADJ
gujaf-148	29	17	corporate	corporate	ADJ
gujaf-148	29	18	governance	governance	NOUN
gujaf-148	29	19	has	have	AUX
gujaf-148	29	20	been	be	AUX
gujaf-148	29	21	found	find	VERB
gujaf-148	29	22	to	to	PART
gujaf-148	29	23	be	be	AUX
gujaf-148	29	24	more	more	ADV
gujaf-148	29	25	important	important	ADJ
gujaf-148	29	26	than	than	ADP
gujaf-148	29	27	financial	financial	ADJ
gujaf-148	29	28	performance	performance	NOUN
gujaf-148	29	29	.	.	PUNCT
gujaf-148	30	1	excellent	excellent	ADJ
gujaf-148	30	2	corporate	corporate	ADJ
gujaf-148	30	3	governance	governance	NOUN
gujaf-148	30	4	is	be	AUX
gujaf-148	30	5	valued	value	VERB
gujaf-148	30	6	omore	omore	NOUN
gujaf-148	30	7	highly	highly	ADV
gujaf-148	30	8	than	than	ADP
gujaf-148	30	9	a	a	DET
gujaf-148	30	10	company	company	NOUN
gujaf-148	30	11	's	's	PART
gujaf-148	30	12	financial	financial	ADJ
gujaf-148	30	13	performance	performance	NOUN
gujaf-148	30	14	by	by	ADP
gujaf-148	30	15	15	15	NUM
gujaf-148	30	16	%	%	NOUN
gujaf-148	30	17	of	of	ADP
gujaf-148	30	18	european	european	ADJ
gujaf-148	30	19	institutional	institutional	ADJ
gujaf-148	30	20	investors	investor	NOUN
gujaf-148	30	21	(	(	PUNCT
gujaf-148	30	22	eii	eii	PROPN
gujaf-148	30	23	)	)	PUNCT
gujaf-148	30	24	,	,	PUNCT
gujaf-148	30	25	according	accord	VERB
gujaf-148	30	26	to	to	ADP
gujaf-148	30	27	the	the	DET
gujaf-148	30	28	mckinsey	mckinsey	PROPN
gujaf-148	30	29	global	global	ADJ
gujaf-148	30	30	investor	investor	PROPN
gujaf-148	30	31	opinion	opinion	NOUN
gujaf-148	30	32	survey	survey	NOUN
gujaf-148	30	33	(	(	PUNCT
gujaf-148	30	34	mckinsey	mckinsey	NOUN
gujaf-148	30	35	,	,	PUNCT
gujaf-148	30	36	2002	2002	NUM
gujaf-148	30	37	)	)	PUNCT
gujaf-148	30	38	.	.	PUNCT
gujaf-148	31	1	in	in	ADP
gujaf-148	31	2	terms	term	NOUN
gujaf-148	31	3	of	of	ADP
gujaf-148	31	4	accountability	accountability	NOUN
gujaf-148	31	5	and	and	CCONJ
gujaf-148	31	6	financial	financial	ADJ
gujaf-148	31	7	performance	performance	NOUN
gujaf-148	31	8	,	,	PUNCT
gujaf-148	31	9	in	in	ADP
gujaf-148	31	10	particular	particular	ADJ
gujaf-148	31	11	,	,	PUNCT
gujaf-148	31	12	this	this	PRON
gujaf-148	31	13	has	have	AUX
gujaf-148	31	14	undoubtedly	undoubtedly	ADV
gujaf-148	31	15	reawakened	reawaken	VERB
gujaf-148	31	16	modern	modern	ADJ
gujaf-148	31	17	corporations	corporation	NOUN
gujaf-148	31	18	'	'	PART
gujaf-148	31	19	understanding	understanding	NOUN
gujaf-148	31	20	of	of	ADP
gujaf-148	31	21	the	the	DET
gujaf-148	31	22	subject	subject	NOUN
gujaf-148	31	23	.	.	PUNCT
gujaf-148	32	1	the	the	DET
gujaf-148	32	2	subject	subject	ADJ
gujaf-148	32	3	matter	matter	NOUN
gujaf-148	32	4	of	of	ADP
gujaf-148	32	5	corporate	corporate	ADJ
gujaf-148	32	6	governance	governance	NOUN
gujaf-148	32	7	and	and	CCONJ
gujaf-148	32	8	ethical	ethical	ADJ
gujaf-148	32	9	behavior	behavior	NOUN
gujaf-148	32	10	,	,	PUNCT
gujaf-148	32	11	however	however	ADV
gujaf-148	32	12	,	,	PUNCT
gujaf-148	32	13	burst	burst	VERB
gujaf-148	32	14	with	with	ADP
gujaf-148	32	15	the	the	DET
gujaf-148	32	16	corporate	corporate	ADJ
gujaf-148	32	17	scandals	scandal	NOUN
gujaf-148	32	18	including	include	VERB
gujaf-148	32	19	enron	enron	PROPN
gujaf-148	32	20	,	,	PUNCT
gujaf-148	32	21	parmalat	parmalat	PROPN
gujaf-148	32	22	,	,	PUNCT
gujaf-148	32	23	and	and	CCONJ
gujaf-148	32	24	worldcom	worldcom	PROPN
gujaf-148	32	25	in	in	ADP
gujaf-148	32	26	the	the	DET
gujaf-148	32	27	1990s	1990s	NUM
gujaf-148	32	28	,	,	PUNCT
gujaf-148	32	29	and	and	CCONJ
gujaf-148	32	30	it	it	PRON
gujaf-148	32	31	was	be	AUX
gujaf-148	32	32	hotly	hotly	ADV
gujaf-148	32	33	debated	debate	VERB
gujaf-148	32	34	once	once	ADV
gujaf-148	32	35	more	more	ADV
gujaf-148	32	36	in	in	ADP
gujaf-148	32	37	regard	regard	NOUN
gujaf-148	32	38	to	to	ADP
gujaf-148	32	39	financial	financial	ADJ
gujaf-148	32	40	companies	company	NOUN
gujaf-148	32	41	during	during	ADP
gujaf-148	32	42	the	the	DET
gujaf-148	32	43	global	global	ADJ
gujaf-148	32	44	liquidity	liquidity	NOUN
gujaf-148	32	45	crunch	crunch	NOUN
gujaf-148	32	46	.	.	PUNCT
gujaf-148	33	1	furthermore	furthermore	ADV
gujaf-148	33	2	,	,	PUNCT
gujaf-148	33	3	these	these	DET
gujaf-148	33	4	scandals	scandal	NOUN
gujaf-148	33	5	and	and	CCONJ
gujaf-148	33	6	the	the	DET
gujaf-148	33	7	purportedly	purportedly	ADV
gujaf-148	33	8	subpar	subpar	ADJ
gujaf-148	33	9	performance	performance	NOUN
gujaf-148	33	10	of	of	ADP
gujaf-148	33	11	the	the	DET
gujaf-148	33	12	corporate	corporate	ADJ
gujaf-148	33	13	sector	sector	NOUN
gujaf-148	33	14	in	in	ADP
gujaf-148	33	15	africa	africa	PROPN
gujaf-148	33	16	(	(	PUNCT
gujaf-148	33	17	particularly	particularly	ADV
gujaf-148	33	18	nigeria	nigeria	PROPN
gujaf-148	33	19	)	)	PUNCT
gujaf-148	33	20	,	,	PUNCT
gujaf-148	33	21	according	accord	VERB
gujaf-148	33	22	to	to	ADP
gujaf-148	33	23	a	a	DET
gujaf-148	33	24	2004	2004	NUM
gujaf-148	33	25	oecd	oecd	PROPN
gujaf-148	33	26	assessment	assessment	NOUN
gujaf-148	33	27	,	,	PUNCT
gujaf-148	33	28	have	have	AUX
gujaf-148	33	29	driven	drive	VERB
gujaf-148	33	30	the	the	DET
gujaf-148	33	31	adoption	adoption	NOUN
gujaf-148	33	32	of	of	ADP
gujaf-148	33	33	corporate	corporate	ADJ
gujaf-148	33	34	board	board	NOUN
gujaf-148	33	35	processes	process	NOUN
gujaf-148	33	36	in	in	ADP
gujaf-148	33	37	a	a	DET
gujaf-148	33	38	number	number	NOUN
gujaf-148	33	39	of	of	ADP
gujaf-148	33	40	african	african	ADJ
gujaf-148	33	41	nations	nation	NOUN
gujaf-148	33	42	.	.	PUNCT
gujaf-148	34	1	in	in	ADP
gujaf-148	34	2	fact	fact	NOUN
gujaf-148	34	3	,	,	PUNCT
gujaf-148	34	4	the	the	DET
gujaf-148	34	5	core	core	NOUN
gujaf-148	34	6	of	of	ADP
gujaf-148	34	7	many	many	ADJ
gujaf-148	34	8	significant	significant	ADJ
gujaf-148	34	9	corporate	corporate	ADJ
gujaf-148	34	10	board	board	NOUN
gujaf-148	34	11	improvements	improvement	NOUN
gujaf-148	34	12	and	and	CCONJ
gujaf-148	34	13	reforms	reform	NOUN
gujaf-148	34	14	is	be	AUX
gujaf-148	34	15	a	a	DET
gujaf-148	34	16	shared	share	VERB
gujaf-148	34	17	stake	stake	NOUN
gujaf-148	34	18	in	in	ADP
gujaf-148	34	19	the	the	DET
gujaf-148	34	20	board	board	NOUN
gujaf-148	34	21	of	of	ADP
gujaf-148	34	22	directors	director	NOUN
gujaf-148	34	23	'	'	PART
gujaf-148	34	24	success	success	NOUN
gujaf-148	34	25	in	in	ADP
gujaf-148	34	26	accomplishing	accomplish	VERB
gujaf-148	34	27	organizational	organizational	ADJ
gujaf-148	34	28	goals	goal	NOUN
gujaf-148	34	29	.	.	PUNCT
gujaf-148	35	1	3	3	NUM
gujaf-148	35	2	the	the	DET
gujaf-148	35	3	importance	importance	NOUN
gujaf-148	35	4	of	of	ADP
gujaf-148	35	5	corporate	corporate	ADJ
gujaf-148	35	6	governance	governance	NOUN
gujaf-148	35	7	is	be	AUX
gujaf-148	35	8	stressed	stress	VERB
gujaf-148	35	9	as	as	ADP
gujaf-148	35	10	a	a	DET
gujaf-148	35	11	determining	determine	VERB
gujaf-148	35	12	element	element	NOUN
gujaf-148	35	13	in	in	ADP
gujaf-148	35	14	business	business	NOUN
gujaf-148	35	15	performance	performance	NOUN
gujaf-148	35	16	and	and	CCONJ
gujaf-148	35	17	the	the	DET
gujaf-148	35	18	accuracy	accuracy	NOUN
gujaf-148	35	19	of	of	ADP
gujaf-148	35	20	financial	financial	ADJ
gujaf-148	35	21	reporting	reporting	NOUN
gujaf-148	35	22	.	.	PUNCT
gujaf-148	36	1	the	the	DET
gujaf-148	36	2	analysis	analysis	NOUN
gujaf-148	36	3	of	of	ADP
gujaf-148	36	4	accounting	accounting	NOUN
gujaf-148	36	5	data	datum	NOUN
gujaf-148	36	6	and	and	CCONJ
gujaf-148	36	7	firm	firm	ADJ
gujaf-148	36	8	market	market	NOUN
gujaf-148	36	9	value	value	NOUN
gujaf-148	36	10	can	can	AUX
gujaf-148	36	11	thus	thus	ADV
gujaf-148	36	12	be	be	AUX
gujaf-148	36	13	done	do	VERB
gujaf-148	36	14	using	use	VERB
gujaf-148	36	15	it	it	PRON
gujaf-148	36	16	.	.	PUNCT
gujaf-148	37	1	most	most	ADV
gujaf-148	37	2	earlier	early	ADJ
gujaf-148	37	3	writers	writer	NOUN
gujaf-148	37	4	concentrated	concentrate	VERB
gujaf-148	37	5	on	on	ADP
gujaf-148	37	6	the	the	DET
gujaf-148	37	7	non	non	ADJ
gujaf-148	37	8	-	-	ADJ
gujaf-148	37	9	financial	financial	ADJ
gujaf-148	37	10	sector	sector	NOUN
gujaf-148	37	11	and	and	CCONJ
gujaf-148	37	12	used	use	VERB
gujaf-148	37	13	accounting	accounting	NOUN
gujaf-148	37	14	performance	performance	NOUN
gujaf-148	37	15	ratios	ratio	NOUN
gujaf-148	37	16	such	such	ADJ
gujaf-148	37	17	roce	roce	NOUN
gujaf-148	37	18	,	,	PUNCT
gujaf-148	37	19	roa	roa	PROPN
gujaf-148	37	20	,	,	PUNCT
gujaf-148	37	21	roe	roe	NOUN
gujaf-148	37	22	,	,	PUNCT
gujaf-148	37	23	and	and	CCONJ
gujaf-148	37	24	roi	roi	NOUN
gujaf-148	37	25	as	as	ADP
gujaf-148	37	26	performance	performance	NOUN
gujaf-148	37	27	metrics	metric	NOUN
gujaf-148	37	28	.	.	PUNCT
gujaf-148	38	1	in	in	ADP
gujaf-148	38	2	light	light	NOUN
gujaf-148	38	3	of	of	ADP
gujaf-148	38	4	this	this	PRON
gujaf-148	38	5	,	,	PUNCT
gujaf-148	38	6	by	by	ADP
gujaf-148	38	7	using	use	VERB
gujaf-148	38	8	the	the	DET
gujaf-148	38	9	variable	variable	NOUN
gujaf-148	38	10	of	of	ADP
gujaf-148	38	11	share	share	NOUN
gujaf-148	38	12	price	price	NOUN
gujaf-148	38	13	as	as	ADP
gujaf-148	38	14	a	a	DET
gujaf-148	38	15	proxy	proxy	NOUN
gujaf-148	38	16	for	for	ADP
gujaf-148	38	17	company	company	NOUN
gujaf-148	38	18	performance	performance	NOUN
gujaf-148	38	19	,	,	PUNCT
gujaf-148	38	20	which	which	PRON
gujaf-148	38	21	has	have	AUX
gujaf-148	38	22	rarely	rarely	ADV
gujaf-148	38	23	been	be	AUX
gujaf-148	38	24	employed	employ	VERB
gujaf-148	38	25	by	by	ADP
gujaf-148	38	26	scholars	scholar	NOUN
gujaf-148	38	27	in	in	ADP
gujaf-148	38	28	the	the	DET
gujaf-148	38	29	nigerian	nigerian	ADJ
gujaf-148	38	30	context	context	NOUN
gujaf-148	38	31	,	,	PUNCT
gujaf-148	38	32	this	this	DET
gujaf-148	38	33	study	study	NOUN
gujaf-148	38	34	contributes	contribute	VERB
gujaf-148	38	35	to	to	ADP
gujaf-148	38	36	other	other	ADJ
gujaf-148	38	37	similar	similar	ADJ
gujaf-148	38	38	studies	study	NOUN
gujaf-148	38	39	on	on	ADP
gujaf-148	38	40	corporate	corporate	ADJ
gujaf-148	38	41	governance	governance	NOUN
gujaf-148	38	42	literature	literature	NOUN
gujaf-148	38	43	.	.	PUNCT
gujaf-148	39	1	according	accord	VERB
gujaf-148	39	2	to	to	ADP
gujaf-148	39	3	our	our	PRON
gujaf-148	39	4	best	good	ADJ
gujaf-148	39	5	knowledge	knowledge	NOUN
gujaf-148	39	6	,	,	PUNCT
gujaf-148	39	7	nigeria	nigeria	PROPN
gujaf-148	39	8	's	's	PART
gujaf-148	39	9	banking	banking	NOUN
gujaf-148	39	10	,	,	PUNCT
gujaf-148	39	11	real	real	ADJ
gujaf-148	39	12	estate	estate	NOUN
gujaf-148	39	13	,	,	PUNCT
gujaf-148	39	14	and	and	CCONJ
gujaf-148	39	15	construction	construction	NOUN
gujaf-148	39	16	industries	industry	NOUN
gujaf-148	39	17	are	be	AUX
gujaf-148	39	18	yet	yet	ADV
gujaf-148	39	19	untapped	untapped	ADJ
gujaf-148	39	20	sources	source	NOUN
gujaf-148	39	21	for	for	ADP
gujaf-148	39	22	research	research	NOUN
gujaf-148	39	23	studies	study	NOUN
gujaf-148	39	24	.	.	PUNCT
gujaf-148	40	1	the	the	DET
gujaf-148	40	2	author	author	NOUN
gujaf-148	40	3	specifically	specifically	ADV
gujaf-148	40	4	selected	select	VERB
gujaf-148	40	5	sample	sample	NOUN
gujaf-148	40	6	companies	company	NOUN
gujaf-148	40	7	from	from	ADP
gujaf-148	40	8	these	these	DET
gujaf-148	40	9	sectors	sector	NOUN
gujaf-148	40	10	banking	banking	NOUN
gujaf-148	40	11	,	,	PUNCT
gujaf-148	40	12	real	real	ADJ
gujaf-148	40	13	estate	estate	NOUN
gujaf-148	40	14	and	and	CCONJ
gujaf-148	40	15	construction	construction	NOUN
gujaf-148	40	16	.	.	PUNCT
gujaf-148	41	1	investigating	investigate	VERB
gujaf-148	41	2	the	the	DET
gujaf-148	41	3	impact	impact	NOUN
gujaf-148	41	4	of	of	ADP
gujaf-148	41	5	corporate	corporate	ADJ
gujaf-148	41	6	governance	governance	NOUN
gujaf-148	41	7	and	and	CCONJ
gujaf-148	41	8	the	the	DET
gujaf-148	41	9	stock	stock	NOUN
gujaf-148	41	10	prices	price	NOUN
gujaf-148	41	11	performance	performance	NOUN
gujaf-148	41	12	of	of	ADP
gujaf-148	41	13	listed	list	VERB
gujaf-148	41	14	banks	bank	NOUN
gujaf-148	41	15	and	and	CCONJ
gujaf-148	41	16	construction	construction	NOUN
gujaf-148	41	17	/	/	SYM
gujaf-148	41	18	real	real	ADJ
gujaf-148	41	19	estate	estate	NOUN
gujaf-148	41	20	companies	company	NOUN
gujaf-148	41	21	in	in	ADP
gujaf-148	41	22	nigeria	nigeria	PROPN
gujaf-148	41	23	is	be	AUX
gujaf-148	41	24	the	the	DET
gujaf-148	41	25	main	main	ADJ
gujaf-148	41	26	objective	objective	NOUN
gujaf-148	41	27	of	of	ADP
gujaf-148	41	28	this	this	DET
gujaf-148	41	29	research	research	NOUN
gujaf-148	41	30	.	.	PUNCT
gujaf-148	42	1	however	however	ADV
gujaf-148	42	2	,	,	PUNCT
gujaf-148	42	3	the	the	DET
gujaf-148	42	4	specific	specific	ADJ
gujaf-148	42	5	goals	goal	NOUN
gujaf-148	42	6	are	be	AUX
gujaf-148	42	7	to	to	PART
gujaf-148	42	8	:	:	PUNCT
gujaf-148	42	9	i.	i.	NOUN
gujaf-148	42	10	determine	determine	VERB
gujaf-148	42	11	how	how	SCONJ
gujaf-148	42	12	board	board	NOUN
gujaf-148	42	13	size	size	NOUN
gujaf-148	42	14	affects	affect	VERB
gujaf-148	42	15	the	the	DET
gujaf-148	42	16	stock	stock	NOUN
gujaf-148	42	17	price	price	NOUN
gujaf-148	42	18	performance	performance	NOUN
gujaf-148	42	19	of	of	ADP
gujaf-148	42	20	a	a	DET
gujaf-148	42	21	few	few	ADJ
gujaf-148	42	22	nigerian	nigerian	ADJ
gujaf-148	42	23	listed	list	VERB
gujaf-148	42	24	firms	firm	NOUN
gujaf-148	42	25	.	.	PUNCT
gujaf-148	43	1	ii	ii	PROPN
gujaf-148	43	2	.	.	PROPN
gujaf-148	43	3	examine	examine	VERB
gujaf-148	43	4	the	the	DET
gujaf-148	43	5	impact	impact	NOUN
gujaf-148	43	6	of	of	ADP
gujaf-148	43	7	board	board	NOUN
gujaf-148	43	8	independence	independence	NOUN
gujaf-148	43	9	on	on	ADP
gujaf-148	43	10	the	the	DET
gujaf-148	43	11	performance	performance	NOUN
gujaf-148	43	12	of	of	ADP
gujaf-148	43	13	the	the	DET
gujaf-148	43	14	stock	stock	NOUN
gujaf-148	43	15	prices	price	NOUN
gujaf-148	43	16	of	of	ADP
gujaf-148	43	17	a	a	DET
gujaf-148	43	18	few	few	ADJ
gujaf-148	43	19	nigerian	nigerian	ADJ
gujaf-148	43	20	listed	list	VERB
gujaf-148	43	21	firms	firm	NOUN
gujaf-148	43	22	.	.	PUNCT
gujaf-148	44	1	iii	iii	X
gujaf-148	44	2	.	.	PROPN
gujaf-148	44	3	examine	examine	VERB
gujaf-148	44	4	the	the	DET
gujaf-148	44	5	impact	impact	NOUN
gujaf-148	44	6	of	of	ADP
gujaf-148	44	7	board	board	NOUN
gujaf-148	44	8	diversity	diversity	NOUN
gujaf-148	44	9	cum	cum	NOUN
gujaf-148	44	10	gender	gender	NOUN
gujaf-148	44	11	has	have	VERB
gujaf-148	44	12	on	on	ADP
gujaf-148	44	13	the	the	DET
gujaf-148	44	14	performance	performance	NOUN
gujaf-148	44	15	of	of	ADP
gujaf-148	44	16	the	the	DET
gujaf-148	44	17	stock	stock	NOUN
gujaf-148	44	18	prices	price	NOUN
gujaf-148	44	19	of	of	ADP
gujaf-148	44	20	a	a	DET
gujaf-148	44	21	few	few	ADJ
gujaf-148	44	22	nigerian	nigerian	ADJ
gujaf-148	44	23	companies	company	NOUN
gujaf-148	44	24	that	that	PRON
gujaf-148	44	25	are	be	AUX
gujaf-148	44	26	publicly	publicly	ADV
gujaf-148	44	27	traded	trade	VERB
gujaf-148	44	28	.	.	PUNCT
gujaf-148	45	1	iv	iv	X
gujaf-148	45	2	.	.	PUNCT
gujaf-148	46	1	analyze	analyze	VERB
gujaf-148	46	2	the	the	DET
gujaf-148	46	3	impact	impact	NOUN
gujaf-148	46	4	of	of	ADP
gujaf-148	46	5	board	board	NOUN
gujaf-148	46	6	ownership	ownership	NOUN
gujaf-148	46	7	on	on	ADP
gujaf-148	46	8	the	the	DET
gujaf-148	46	9	performance	performance	NOUN
gujaf-148	46	10	of	of	ADP
gujaf-148	46	11	the	the	DET
gujaf-148	46	12	stock	stock	NOUN
gujaf-148	46	13	prices	price	NOUN
gujaf-148	46	14	of	of	ADP
gujaf-148	46	15	a	a	DET
gujaf-148	46	16	few	few	ADJ
gujaf-148	46	17	nigerian	nigerian	ADJ
gujaf-148	46	18	traded	trade	VERB
gujaf-148	46	19	companies	company	NOUN
gujaf-148	46	20	.	.	PUNCT
gujaf-148	47	1	the	the	DET
gujaf-148	47	2	purpose	purpose	NOUN
gujaf-148	47	3	of	of	ADP
gujaf-148	47	4	this	this	DET
gujaf-148	47	5	research	research	NOUN
gujaf-148	47	6	was	be	AUX
gujaf-148	47	7	to	to	PART
gujaf-148	47	8	determine	determine	VERB
gujaf-148	47	9	how	how	SCONJ
gujaf-148	47	10	corporate	corporate	ADJ
gujaf-148	47	11	governance	governance	NOUN
gujaf-148	47	12	mechanisms	mechanism	NOUN
gujaf-148	47	13	affected	affect	VERB
gujaf-148	47	14	the	the	DET
gujaf-148	47	15	stock	stock	NOUN
gujaf-148	47	16	price	price	NOUN
gujaf-148	47	17	performance	performance	NOUN
gujaf-148	47	18	of	of	ADP
gujaf-148	47	19	companies	company	NOUN
gujaf-148	47	20	trading	trade	VERB
gujaf-148	47	21	on	on	ADP
gujaf-148	47	22	the	the	DET
gujaf-148	47	23	nigerian	nigerian	ADJ
gujaf-148	47	24	exchange	exchange	NOUN
gujaf-148	47	25	group	group	NOUN
gujaf-148	47	26	.	.	PUNCT
gujaf-148	48	1	only	only	ADV
gujaf-148	48	2	quoted	quote	VERB
gujaf-148	48	3	companies	company	NOUN
gujaf-148	48	4	from	from	ADP
gujaf-148	48	5	nigeria	nigeria	PROPN
gujaf-148	48	6	's	's	PART
gujaf-148	48	7	construction	construction	NOUN
gujaf-148	48	8	,	,	PUNCT
gujaf-148	48	9	real	real	ADJ
gujaf-148	48	10	estate	estate	NOUN
gujaf-148	48	11	,	,	PUNCT
gujaf-148	48	12	and	and	CCONJ
gujaf-148	48	13	banking	banking	NOUN
gujaf-148	48	14	industries	industry	NOUN
gujaf-148	48	15	were	be	AUX
gujaf-148	48	16	captured	capture	VERB
gujaf-148	48	17	for	for	ADP
gujaf-148	48	18	the	the	DET
gujaf-148	48	19	study	study	NOUN
gujaf-148	48	20	.	.	PUNCT
gujaf-148	49	1	in	in	ADP
gujaf-148	49	2	addition	addition	NOUN
gujaf-148	49	3	,	,	PUNCT
gujaf-148	49	4	the	the	DET
gujaf-148	49	5	study	study	NOUN
gujaf-148	49	6	's	's	PART
gujaf-148	49	7	scope	scope	NOUN
gujaf-148	49	8	included	include	VERB
gujaf-148	49	9	four	four	NUM
gujaf-148	49	10	construction	construction	NOUN
gujaf-148	49	11	and	and	CCONJ
gujaf-148	49	12	real	real	ADJ
gujaf-148	49	13	estate	estate	NOUN
gujaf-148	49	14	companies	company	NOUN
gujaf-148	49	15	,	,	PUNCT
gujaf-148	49	16	12	12	NUM
gujaf-148	49	17	commercial	commercial	ADJ
gujaf-148	49	18	banks	bank	NOUN
gujaf-148	49	19	,	,	PUNCT
gujaf-148	49	20	and	and	CCONJ
gujaf-148	49	21	it	it	PRON
gujaf-148	49	22	was	be	AUX
gujaf-148	49	23	conducted	conduct	VERB
gujaf-148	49	24	from	from	ADP
gujaf-148	49	25	2006	2006	NUM
gujaf-148	49	26	to	to	ADP
gujaf-148	49	27	2020	2020	NUM
gujaf-148	49	28	.	.	PUNCT
gujaf-148	50	1	as	as	ADP
gujaf-148	50	2	of	of	ADP
gujaf-148	50	3	december	december	PROPN
gujaf-148	50	4	31st	31st	NOUN
gujaf-148	50	5	,	,	PUNCT
gujaf-148	50	6	2006	2006	NUM
gujaf-148	50	7	,	,	PUNCT
gujaf-148	50	8	the	the	DET
gujaf-148	50	9	companies	company	NOUN
gujaf-148	50	10	are	be	AUX
gujaf-148	50	11	listed	list	VERB
gujaf-148	50	12	on	on	ADP
gujaf-148	50	13	the	the	DET
gujaf-148	50	14	nigerian	nigerian	ADJ
gujaf-148	50	15	stock	stock	NOUN
gujaf-148	50	16	exchange	exchange	PROPN
gujaf-148	50	17	(	(	PUNCT
gujaf-148	50	18	nse	nse	NOUN
gujaf-148	50	19	)	)	PUNCT
gujaf-148	50	20	.	.	PUNCT
gujaf-148	51	1	based	base	VERB
gujaf-148	51	2	on	on	ADP
gujaf-148	51	3	two	two	NUM
gujaf-148	51	4	criteria	criterion	NOUN
gujaf-148	51	5	,	,	PUNCT
gujaf-148	51	6	a	a	DET
gujaf-148	51	7	sample	sample	NOUN
gujaf-148	51	8	size	size	NOUN
gujaf-148	51	9	of	of	ADP
gujaf-148	51	10	four	four	NUM
gujaf-148	51	11	businesses	business	NOUN
gujaf-148	51	12	was	be	AUX
gujaf-148	51	13	chosen	choose	VERB
gujaf-148	51	14	.	.	PUNCT
gujaf-148	52	1	this	this	PRON
gujaf-148	52	2	allowed	allow	VERB
gujaf-148	52	3	for	for	ADP
gujaf-148	52	4	the	the	DET
gujaf-148	52	5	elimination	elimination	NOUN
gujaf-148	52	6	of	of	ADP
gujaf-148	52	7	any	any	DET
gujaf-148	52	8	businesses	business	NOUN
gujaf-148	52	9	deemed	deem	VERB
gujaf-148	52	10	unsuitable	unsuitable	ADJ
gujaf-148	52	11	for	for	ADP
gujaf-148	52	12	the	the	DET
gujaf-148	52	13	study	study	NOUN
gujaf-148	52	14	.	.	PUNCT
gujaf-148	53	1	2	2	X
gujaf-148	53	2	.	.	X
gujaf-148	53	3	review	review	NOUN
gujaf-148	53	4	of	of	ADP
gujaf-148	53	5	empirical	empirical	ADJ
gujaf-148	53	6	studies	study	NOUN
gujaf-148	53	7	numerous	numerous	ADJ
gujaf-148	53	8	hypotheses	hypothesis	NOUN
gujaf-148	53	9	serve	serve	VERB
gujaf-148	53	10	as	as	ADP
gujaf-148	53	11	the	the	DET
gujaf-148	53	12	foundation	foundation	NOUN
gujaf-148	53	13	for	for	ADP
gujaf-148	53	14	this	this	DET
gujaf-148	53	15	study	study	NOUN
gujaf-148	53	16	because	because	SCONJ
gujaf-148	53	17	they	they	PRON
gujaf-148	53	18	directly	directly	ADV
gujaf-148	53	19	affect	affect	VERB
gujaf-148	53	20	it	it	PRON
gujaf-148	53	21	.	.	PUNCT
gujaf-148	54	1	agency	agency	NOUN
gujaf-148	54	2	theory	theory	NOUN
gujaf-148	54	3	,	,	PUNCT
gujaf-148	54	4	signaling	signal	VERB
gujaf-148	54	5	theory	theory	NOUN
gujaf-148	54	6	,	,	PUNCT
gujaf-148	54	7	and	and	CCONJ
gujaf-148	54	8	entrenchment	entrenchment	ADJ
gujaf-148	54	9	hypothesis	hypothesis	NOUN
gujaf-148	54	10	are	be	AUX
gujaf-148	54	11	the	the	DET
gujaf-148	54	12	theories	theory	NOUN
gujaf-148	54	13	that	that	PRON
gujaf-148	54	14	guide	guide	VERB
gujaf-148	54	15	the	the	DET
gujaf-148	54	16	investigation	investigation	NOUN
gujaf-148	54	17	.	.	PUNCT
gujaf-148	55	1	they	they	PRON
gujaf-148	55	2	are	be	AUX
gujaf-148	55	3	best	well	ADV
gujaf-148	55	4	suited	suit	VERB
gujaf-148	55	5	for	for	ADP
gujaf-148	55	6	this	this	DET
gujaf-148	55	7	study	study	NOUN
gujaf-148	55	8	and	and	CCONJ
gujaf-148	55	9	explained	explain	VERB
gujaf-148	55	10	it	it	PRON
gujaf-148	55	11	relatedness	relatedness	NOUN
gujaf-148	55	12	to	to	ADP
gujaf-148	55	13	the	the	DET
gujaf-148	55	14	study	study	NOUN
gujaf-148	55	15	.	.	PUNCT
gujaf-148	56	1	4	4	NUM
gujaf-148	56	2	uwuigbe	uwuigbe	NOUN
gujaf-148	56	3	(	(	PUNCT
gujaf-148	56	4	2013	2013	NUM
gujaf-148	56	5	)	)	PUNCT
gujaf-148	56	6	looked	look	VERB
gujaf-148	56	7	at	at	ADP
gujaf-148	56	8	the	the	DET
gujaf-148	56	9	connection	connection	NOUN
gujaf-148	56	10	between	between	ADP
gujaf-148	56	11	share	share	NOUN
gujaf-148	56	12	price	price	NOUN
gujaf-148	56	13	and	and	CCONJ
gujaf-148	56	14	corporate	corporate	ADJ
gujaf-148	56	15	governance	governance	NOUN
gujaf-148	56	16	practices	practice	NOUN
gujaf-148	56	17	.	.	PUNCT
gujaf-148	57	1	the	the	DET
gujaf-148	57	2	audit	audit	NOUN
gujaf-148	57	3	committee	committee	NOUN
gujaf-148	57	4	and	and	CCONJ
gujaf-148	57	5	ownership	ownership	NOUN
gujaf-148	57	6	structure	structure	NOUN
gujaf-148	57	7	of	of	ADP
gujaf-148	57	8	the	the	DET
gujaf-148	57	9	company	company	NOUN
gujaf-148	57	10	serve	serve	VERB
gujaf-148	57	11	as	as	ADP
gujaf-148	57	12	examples	example	NOUN
gujaf-148	57	13	of	of	ADP
gujaf-148	57	14	corporate	corporate	ADJ
gujaf-148	57	15	governance	governance	NOUN
gujaf-148	57	16	.	.	PUNCT
gujaf-148	58	1	a	a	DET
gujaf-148	58	2	sample	sample	NOUN
gujaf-148	58	3	of	of	ADP
gujaf-148	58	4	thirty	thirty	NUM
gujaf-148	58	5	entities	entity	NOUN
gujaf-148	58	6	that	that	PRON
gujaf-148	58	7	are	be	AUX
gujaf-148	58	8	listed	list	VERB
gujaf-148	58	9	on	on	ADP
gujaf-148	58	10	the	the	DET
gujaf-148	58	11	nigerian	nigerian	PROPN
gujaf-148	58	12	exchange	exchange	NOUN
gujaf-148	58	13	group	group	NOUN
gujaf-148	58	14	served	serve	VERB
gujaf-148	58	15	as	as	ADP
gujaf-148	58	16	the	the	DET
gujaf-148	58	17	basis	basis	NOUN
gujaf-148	58	18	for	for	ADP
gujaf-148	58	19	the	the	DET
gujaf-148	58	20	study	study	NOUN
gujaf-148	58	21	.	.	PUNCT
gujaf-148	59	1	in	in	ADP
gujaf-148	59	2	this	this	DET
gujaf-148	59	3	study	study	NOUN
gujaf-148	59	4	,	,	PUNCT
gujaf-148	59	5	regression	regression	NOUN
gujaf-148	59	6	and	and	CCONJ
gujaf-148	59	7	correlation	correlation	NOUN
gujaf-148	59	8	analysis	analysis	NOUN
gujaf-148	59	9	approaches	approach	NOUN
gujaf-148	59	10	were	be	AUX
gujaf-148	59	11	applied	apply	VERB
gujaf-148	59	12	.	.	PUNCT
gujaf-148	60	1	the	the	DET
gujaf-148	60	2	results	result	NOUN
gujaf-148	60	3	show	show	VERB
gujaf-148	60	4	that	that	SCONJ
gujaf-148	60	5	ownership	ownership	NOUN
gujaf-148	60	6	structure	structure	NOUN
gujaf-148	60	7	and	and	CCONJ
gujaf-148	60	8	business	business	NOUN
gujaf-148	60	9	share	share	NOUN
gujaf-148	60	10	prices	price	NOUN
gujaf-148	60	11	tend	tend	VERB
gujaf-148	60	12	to	to	PART
gujaf-148	60	13	be	be	AUX
gujaf-148	60	14	negatively	negatively	ADV
gujaf-148	60	15	correlated	correlate	VERB
gujaf-148	60	16	.	.	PUNCT
gujaf-148	61	1	however	however	ADV
gujaf-148	61	2	,	,	PUNCT
gujaf-148	61	3	the	the	DET
gujaf-148	61	4	analysis	analysis	NOUN
gujaf-148	61	5	does	do	AUX
gujaf-148	61	6	seem	seem	VERB
gujaf-148	61	7	to	to	PART
gujaf-148	61	8	suggest	suggest	VERB
gujaf-148	61	9	that	that	SCONJ
gujaf-148	61	10	the	the	DET
gujaf-148	61	11	audit	audit	NOUN
gujaf-148	61	12	committee	committee	NOUN
gujaf-148	61	13	has	have	VERB
gujaf-148	61	14	a	a	DET
gujaf-148	61	15	positive	positive	ADJ
gujaf-148	61	16	effect	effect	NOUN
gujaf-148	61	17	on	on	ADP
gujaf-148	61	18	stock	stock	NOUN
gujaf-148	61	19	prices	price	NOUN
gujaf-148	61	20	.	.	PUNCT
gujaf-148	62	1	according	accord	VERB
gujaf-148	62	2	to	to	ADP
gujaf-148	62	3	the	the	DET
gujaf-148	62	4	paper	paper	NOUN
gujaf-148	62	5	,	,	PUNCT
gujaf-148	62	6	bad	bad	ADJ
gujaf-148	62	7	corporate	corporate	ADJ
gujaf-148	62	8	governance	governance	NOUN
gujaf-148	62	9	can	can	AUX
gujaf-148	62	10	have	have	VERB
gujaf-148	62	11	a	a	DET
gujaf-148	62	12	detrimental	detrimental	ADJ
gujaf-148	62	13	effect	effect	NOUN
gujaf-148	62	14	on	on	ADP
gujaf-148	62	15	economies	economy	NOUN
gujaf-148	62	16	in	in	ADP
gujaf-148	62	17	both	both	CCONJ
gujaf-148	62	18	developed	developed	ADJ
gujaf-148	62	19	and	and	CCONJ
gujaf-148	62	20	developing	develop	VERB
gujaf-148	62	21	nations	nation	NOUN
gujaf-148	62	22	.	.	PUNCT
gujaf-148	63	1	using	use	VERB
gujaf-148	63	2	data	datum	NOUN
gujaf-148	63	3	from	from	ADP
gujaf-148	63	4	selected	select	VERB
gujaf-148	63	5	listed	list	VERB
gujaf-148	63	6	businesses	business	NOUN
gujaf-148	63	7	on	on	ADP
gujaf-148	63	8	the	the	DET
gujaf-148	63	9	oslo	oslo	PROPN
gujaf-148	63	10	stock	stock	PROPN
gujaf-148	63	11	exchange	exchange	PROPN
gujaf-148	63	12	from	from	ADP
gujaf-148	63	13	2010	2010	NUM
gujaf-148	63	14	to	to	ADP
gujaf-148	63	15	2016	2016	NUM
gujaf-148	63	16	,	,	PUNCT
gujaf-148	63	17	frydenberg	frydenberg	PROPN
gujaf-148	63	18	and	and	CCONJ
gujaf-148	63	19	neegaard	neegaard	NOUN
gujaf-148	63	20	(	(	PUNCT
gujaf-148	63	21	2018	2018	NUM
gujaf-148	63	22	)	)	PUNCT
gujaf-148	63	23	conducted	conduct	VERB
gujaf-148	63	24	a	a	DET
gujaf-148	63	25	study	study	NOUN
gujaf-148	63	26	on	on	ADP
gujaf-148	63	27	ceo	ceo	NOUN
gujaf-148	63	28	ownership	ownership	NOUN
gujaf-148	63	29	and	and	CCONJ
gujaf-148	63	30	stock	stock	NOUN
gujaf-148	63	31	market	market	NOUN
gujaf-148	63	32	performance	performance	NOUN
gujaf-148	63	33	using	use	VERB
gujaf-148	63	34	the	the	DET
gujaf-148	63	35	fama	fama	NOUN
gujaf-148	63	36	and	and	CCONJ
gujaf-148	63	37	french	french	ADJ
gujaf-148	63	38	models	model	NOUN
gujaf-148	63	39	.	.	PUNCT
gujaf-148	64	1	their	their	PRON
gujaf-148	64	2	data	datum	NOUN
gujaf-148	64	3	show	show	VERB
gujaf-148	64	4	that	that	SCONJ
gujaf-148	64	5	ventures	venture	NOUN
gujaf-148	64	6	with	with	ADP
gujaf-148	64	7	a	a	DET
gujaf-148	64	8	higher	high	ADJ
gujaf-148	64	9	ceo	ceo	NOUN
gujaf-148	64	10	ownership	ownership	NOUN
gujaf-148	64	11	percent	percent	NOUN
gujaf-148	64	12	experienced	experience	VERB
gujaf-148	64	13	considerably	considerably	ADV
gujaf-148	64	14	lower	low	ADJ
gujaf-148	64	15	abnormal	abnormal	ADJ
gujaf-148	64	16	returns	return	NOUN
gujaf-148	64	17	than	than	ADP
gujaf-148	64	18	the	the	DET
gujaf-148	64	19	market	market	NOUN
gujaf-148	64	20	.	.	PUNCT
gujaf-148	65	1	additionally	additionally	ADV
gujaf-148	65	2	,	,	PUNCT
gujaf-148	65	3	the	the	DET
gujaf-148	65	4	data	datum	NOUN
gujaf-148	65	5	demonstrates	demonstrate	VERB
gujaf-148	65	6	that	that	SCONJ
gujaf-148	65	7	businesses	business	NOUN
gujaf-148	65	8	without	without	ADP
gujaf-148	65	9	a	a	DET
gujaf-148	65	10	ceo	ceo	NOUN
gujaf-148	65	11	outperform	outperform	NOUN
gujaf-148	65	12	the	the	DET
gujaf-148	65	13	market	market	NOUN
gujaf-148	65	14	.	.	PUNCT
gujaf-148	66	1	according	accord	VERB
gujaf-148	66	2	to	to	ADP
gujaf-148	66	3	the	the	DET
gujaf-148	66	4	findings	finding	NOUN
gujaf-148	66	5	,	,	PUNCT
gujaf-148	66	6	businesses	business	NOUN
gujaf-148	66	7	that	that	PRON
gujaf-148	66	8	have	have	VERB
gujaf-148	66	9	a	a	DET
gujaf-148	66	10	ceo	ceo	NOUN
gujaf-148	66	11	who	who	PRON
gujaf-148	66	12	owns	own	VERB
gujaf-148	66	13	less	less	ADJ
gujaf-148	66	14	than	than	ADP
gujaf-148	66	15	0.05	0.05	NUM
gujaf-148	66	16	%	%	NOUN
gujaf-148	66	17	of	of	ADP
gujaf-148	66	18	the	the	DET
gujaf-148	66	19	venture	venture	NOUN
gujaf-148	66	20	's	's	PART
gujaf-148	66	21	outstanding	outstanding	ADJ
gujaf-148	66	22	shares	share	NOUN
gujaf-148	66	23	do	do	VERB
gujaf-148	66	24	better	well	ADV
gujaf-148	66	25	than	than	ADP
gujaf-148	66	26	businesses	business	NOUN
gujaf-148	66	27	without	without	ADP
gujaf-148	66	28	a	a	DET
gujaf-148	66	29	ceo	ceo	NOUN
gujaf-148	66	30	and	and	CCONJ
gujaf-148	66	31	businesses	business	NOUN
gujaf-148	66	32	where	where	SCONJ
gujaf-148	66	33	the	the	DET
gujaf-148	66	34	ceo	ceo	NOUN
gujaf-148	66	35	owns	own	VERB
gujaf-148	66	36	more	more	ADJ
gujaf-148	66	37	than	than	ADP
gujaf-148	66	38	0.05	0.05	NUM
gujaf-148	66	39	%	%	NOUN
gujaf-148	66	40	of	of	ADP
gujaf-148	66	41	the	the	DET
gujaf-148	66	42	company	company	NOUN
gujaf-148	66	43	's	's	PART
gujaf-148	66	44	outstanding	outstanding	ADJ
gujaf-148	66	45	shares	share	NOUN
gujaf-148	66	46	.	.	PUNCT
gujaf-148	67	1	the	the	DET
gujaf-148	67	2	results	result	NOUN
gujaf-148	67	3	demonstrate	demonstrate	VERB
gujaf-148	67	4	that	that	SCONJ
gujaf-148	67	5	ceo	ceo	NOUN
gujaf-148	67	6	ownership	ownership	NOUN
gujaf-148	67	7	had	have	VERB
gujaf-148	67	8	an	an	DET
gujaf-148	67	9	early	early	ADJ
gujaf-148	67	10	positive	positive	ADJ
gujaf-148	67	11	impact	impact	NOUN
gujaf-148	67	12	on	on	ADP
gujaf-148	67	13	stock	stock	NOUN
gujaf-148	67	14	market	market	NOUN
gujaf-148	67	15	performance	performance	NOUN
gujaf-148	67	16	,	,	PUNCT
gujaf-148	67	17	indicating	indicate	VERB
gujaf-148	67	18	enhanced	enhanced	ADJ
gujaf-148	67	19	incentives	incentive	NOUN
gujaf-148	67	20	,	,	PUNCT
gujaf-148	67	21	but	but	CCONJ
gujaf-148	67	22	that	that	SCONJ
gujaf-148	67	23	a	a	DET
gujaf-148	67	24	later	later	ADV
gujaf-148	67	25	negative	negative	ADJ
gujaf-148	67	26	impact	impact	NOUN
gujaf-148	67	27	showed	show	VERB
gujaf-148	67	28	lower	low	ADJ
gujaf-148	67	29	incentives	incentive	NOUN
gujaf-148	67	30	and	and	CCONJ
gujaf-148	67	31	suggested	suggest	VERB
gujaf-148	67	32	management	management	NOUN
gujaf-148	67	33	entrenchment	entrenchment	NOUN
gujaf-148	67	34	.	.	PUNCT
gujaf-148	68	1	the	the	DET
gujaf-148	68	2	corporate	corporate	ADJ
gujaf-148	68	3	governance	governance	NOUN
gujaf-148	68	4	index	index	NOUN
gujaf-148	68	5	and	and	CCONJ
gujaf-148	68	6	stock	stock	NOUN
gujaf-148	68	7	performance	performance	NOUN
gujaf-148	68	8	in	in	ADP
gujaf-148	68	9	emerging	emerge	VERB
gujaf-148	68	10	countries	country	NOUN
gujaf-148	68	11	have	have	VERB
gujaf-148	68	12	a	a	DET
gujaf-148	68	13	significant	significant	ADJ
gujaf-148	68	14	relationship	relationship	NOUN
gujaf-148	68	15	,	,	PUNCT
gujaf-148	68	16	according	accord	VERB
gujaf-148	68	17	to	to	ADP
gujaf-148	68	18	klapper	klapper	NOUN
gujaf-148	68	19	and	and	CCONJ
gujaf-148	68	20	love	love	NOUN
gujaf-148	68	21	(	(	PUNCT
gujaf-148	68	22	2002	2002	NUM
gujaf-148	68	23	)	)	PUNCT
gujaf-148	68	24	.	.	PUNCT
gujaf-148	69	1	additionally	additionally	ADV
gujaf-148	69	2	,	,	PUNCT
gujaf-148	69	3	they	they	PRON
gujaf-148	69	4	made	make	VERB
gujaf-148	69	5	use	use	NOUN
gujaf-148	69	6	of	of	ADP
gujaf-148	69	7	the	the	DET
gujaf-148	69	8	asian	asian	ADJ
gujaf-148	69	9	credit	credit	NOUN
gujaf-148	69	10	lyonnaise	lyonnaise	NOUN
gujaf-148	69	11	securities	security	NOUN
gujaf-148	69	12	(	(	PUNCT
gujaf-148	69	13	clsa	clsa	NOUN
gujaf-148	69	14	)	)	PUNCT
gujaf-148	69	15	index	index	NOUN
gujaf-148	69	16	,	,	PUNCT
gujaf-148	69	17	which	which	PRON
gujaf-148	69	18	comprised	comprise	VERB
gujaf-148	69	19	a	a	DET
gujaf-148	69	20	sample	sample	NOUN
gujaf-148	69	21	of	of	ADP
gujaf-148	69	22	374	374	NUM
gujaf-148	69	23	countries	country	NOUN
gujaf-148	69	24	.	.	PUNCT
gujaf-148	70	1	their	their	PRON
gujaf-148	70	2	findings	finding	NOUN
gujaf-148	70	3	suggest	suggest	VERB
gujaf-148	70	4	a	a	DET
gujaf-148	70	5	positive	positive	ADJ
gujaf-148	70	6	correlation	correlation	NOUN
gujaf-148	70	7	between	between	ADP
gujaf-148	70	8	corporate	corporate	ADJ
gujaf-148	70	9	governance	governance	NOUN
gujaf-148	70	10	and	and	CCONJ
gujaf-148	70	11	value	value	NOUN
gujaf-148	70	12	company	company	NOUN
gujaf-148	70	13	valuation	valuation	NOUN
gujaf-148	70	14	.	.	PUNCT
gujaf-148	71	1	malik	malik	PROPN
gujaf-148	71	2	(	(	PUNCT
gujaf-148	71	3	2012	2012	NUM
gujaf-148	71	4	)	)	PUNCT
gujaf-148	71	5	looked	look	VERB
gujaf-148	71	6	into	into	ADP
gujaf-148	71	7	the	the	DET
gujaf-148	71	8	relationship	relationship	NOUN
gujaf-148	71	9	between	between	ADP
gujaf-148	71	10	the	the	DET
gujaf-148	71	11	kse30	kse30	PROPN
gujaf-148	71	12	index	index	PROPN
gujaf-148	71	13	businesses	business	NOUN
gujaf-148	71	14	'	'	PART
gujaf-148	71	15	stock	stock	NOUN
gujaf-148	71	16	prices	price	NOUN
gujaf-148	71	17	and	and	CCONJ
gujaf-148	71	18	corporate	corporate	ADJ
gujaf-148	71	19	governance	governance	NOUN
gujaf-148	71	20	ratings	rating	NOUN
gujaf-148	71	21	.	.	PUNCT
gujaf-148	72	1	the	the	DET
gujaf-148	72	2	kse	kse	PROPN
gujaf-148	72	3	30	30	NUM
gujaf-148	72	4	index	index	NOUN
gujaf-148	72	5	firms	firm	NOUN
gujaf-148	72	6	from	from	ADP
gujaf-148	72	7	2009	2009	NUM
gujaf-148	72	8	to	to	ADP
gujaf-148	72	9	2010	2010	NUM
gujaf-148	72	10	are	be	AUX
gujaf-148	72	11	the	the	DET
gujaf-148	72	12	subject	subject	NOUN
gujaf-148	72	13	of	of	ADP
gujaf-148	72	14	the	the	DET
gujaf-148	72	15	study	study	NOUN
gujaf-148	72	16	.	.	PUNCT
gujaf-148	73	1	the	the	DET
gujaf-148	73	2	firm	firm	NOUN
gujaf-148	73	3	's	's	PART
gujaf-148	73	4	share	share	NOUN
gujaf-148	73	5	price	price	NOUN
gujaf-148	73	6	is	be	AUX
gujaf-148	73	7	employed	employ	VERB
gujaf-148	73	8	as	as	ADP
gujaf-148	73	9	a	a	DET
gujaf-148	73	10	dependent	dependent	ADJ
gujaf-148	73	11	variable	variable	NOUN
gujaf-148	73	12	in	in	ADP
gujaf-148	73	13	this	this	DET
gujaf-148	73	14	study	study	NOUN
gujaf-148	73	15	,	,	PUNCT
gujaf-148	73	16	while	while	SCONJ
gujaf-148	73	17	the	the	DET
gujaf-148	73	18	corporate	corporate	ADJ
gujaf-148	73	19	governance	governance	NOUN
gujaf-148	73	20	score	score	NOUN
gujaf-148	73	21	is	be	AUX
gujaf-148	73	22	used	use	VERB
gujaf-148	73	23	as	as	ADP
gujaf-148	73	24	an	an	DET
gujaf-148	73	25	independent	independent	ADJ
gujaf-148	73	26	variable	variable	NOUN
gujaf-148	73	27	.	.	PUNCT
gujaf-148	74	1	the	the	DET
gujaf-148	74	2	results	result	NOUN
gujaf-148	74	3	show	show	VERB
gujaf-148	74	4	that	that	SCONJ
gujaf-148	74	5	well	well	ADV
gujaf-148	74	6	-	-	PUNCT
gujaf-148	74	7	run	run	VERB
gujaf-148	74	8	businesses	business	NOUN
gujaf-148	74	9	have	have	VERB
gujaf-148	74	10	higher	high	ADJ
gujaf-148	74	11	stock	stock	NOUN
gujaf-148	74	12	prices	price	NOUN
gujaf-148	74	13	.	.	PUNCT
gujaf-148	75	1	this	this	PRON
gujaf-148	75	2	happens	happen	VERB
gujaf-148	75	3	because	because	SCONJ
gujaf-148	75	4	well	well	ADV
gujaf-148	75	5	-	-	PUNCT
gujaf-148	75	6	structured	structure	VERB
gujaf-148	75	7	businesses	business	NOUN
gujaf-148	75	8	are	be	AUX
gujaf-148	75	9	gauged	gauge	VERB
gujaf-148	75	10	to	to	PART
gujaf-148	75	11	perform	perform	VERB
gujaf-148	75	12	better	well	ADV
gujaf-148	75	13	,	,	PUNCT
gujaf-148	75	14	which	which	PRON
gujaf-148	75	15	will	will	AUX
gujaf-148	75	16	lead	lead	VERB
gujaf-148	75	17	stock	stock	NOUN
gujaf-148	75	18	values	value	NOUN
gujaf-148	75	19	to	to	PART
gujaf-148	75	20	increase	increase	VERB
gujaf-148	75	21	.	.	PUNCT
gujaf-148	76	1	5	5	NUM
gujaf-148	76	2	cheng	cheng	PROPN
gujaf-148	76	3	,	,	PUNCT
gujaf-148	76	4	lui	lui	PROPN
gujaf-148	76	5	,	,	PUNCT
gujaf-148	76	6	and	and	CCONJ
gujaf-148	76	7	shum	shum	ADJ
gujaf-148	76	8	(	(	PUNCT
gujaf-148	76	9	2013	2013	NUM
gujaf-148	76	10	)	)	PUNCT
gujaf-148	76	11	examined	examine	VERB
gujaf-148	76	12	the	the	DET
gujaf-148	76	13	effect	effect	NOUN
gujaf-148	76	14	of	of	ADP
gujaf-148	76	15	board	board	NOUN
gujaf-148	76	16	independence	independence	NOUN
gujaf-148	76	17	and	and	CCONJ
gujaf-148	76	18	share	share	NOUN
gujaf-148	76	19	ownership	ownership	NOUN
gujaf-148	76	20	structures	structure	NOUN
gujaf-148	76	21	on	on	ADP
gujaf-148	76	22	the	the	DET
gujaf-148	76	23	market	market	NOUN
gujaf-148	76	24	interactions	interaction	NOUN
gujaf-148	76	25	of	of	ADP
gujaf-148	76	26	976	976	NUM
gujaf-148	76	27	hong	hong	PROPN
gujaf-148	76	28	kong	kong	PROPN
gujaf-148	76	29	-	-	PUNCT
gujaf-148	76	30	listed	list	VERB
gujaf-148	76	31	businesses	business	NOUN
gujaf-148	76	32	between	between	ADP
gujaf-148	76	33	the	the	DET
gujaf-148	76	34	years	year	NOUN
gujaf-148	76	35	2008	2008	NUM
gujaf-148	76	36	-2009	-2009	NOUN
gujaf-148	76	37	.	.	PUNCT
gujaf-148	77	1	the	the	DET
gujaf-148	77	2	outcome	outcome	NOUN
gujaf-148	77	3	demonstrates	demonstrate	VERB
gujaf-148	77	4	that	that	SCONJ
gujaf-148	77	5	during	during	ADP
gujaf-148	77	6	the	the	DET
gujaf-148	77	7	financial	financial	ADJ
gujaf-148	77	8	crisis	crisis	NOUN
gujaf-148	77	9	era	era	NOUN
gujaf-148	77	10	,	,	PUNCT
gujaf-148	77	11	companies	company	NOUN
gujaf-148	77	12	without	without	ADP
gujaf-148	77	13	an	an	DET
gujaf-148	77	14	independent	independent	ADJ
gujaf-148	77	15	outside	outside	ADJ
gujaf-148	77	16	director	director	NOUN
gujaf-148	77	17	manning	man	VERB
gujaf-148	77	18	as	as	ADP
gujaf-148	77	19	head	head	NOUN
gujaf-148	77	20	of	of	ADP
gujaf-148	77	21	the	the	DET
gujaf-148	77	22	board	board	NOUN
gujaf-148	77	23	and	and	CCONJ
gujaf-148	77	24	companies	company	NOUN
gujaf-148	77	25	with	with	ADP
gujaf-148	77	26	a	a	DET
gujaf-148	77	27	lower	low	ADJ
gujaf-148	77	28	percentage	percentage	NOUN
gujaf-148	77	29	of	of	ADP
gujaf-148	77	30	outside	outside	ADJ
gujaf-148	77	31	independent	independent	ADJ
gujaf-148	77	32	directors	director	NOUN
gujaf-148	77	33	had	have	VERB
gujaf-148	77	34	quality	quality	NOUN
gujaf-148	77	35	stock	stock	NOUN
gujaf-148	77	36	interaction	interaction	NOUN
gujaf-148	77	37	as	as	SCONJ
gujaf-148	77	38	measured	measure	VERB
gujaf-148	77	39	by	by	ADP
gujaf-148	77	40	market	market	NOUN
gujaf-148	77	41	-	-	PUNCT
gujaf-148	77	42	adjusted	adjust	VERB
gujaf-148	77	43	cumulative	cumulative	ADJ
gujaf-148	77	44	stock	stock	NOUN
gujaf-148	77	45	return	return	NOUN
gujaf-148	77	46	.	.	PUNCT
gujaf-148	78	1	market	market	NOUN
gujaf-148	78	2	-	-	PUNCT
gujaf-148	78	3	adjusted	adjust	VERB
gujaf-148	78	4	cumulative	cumulative	ADJ
gujaf-148	78	5	stock	stock	NOUN
gujaf-148	78	6	performance	performance	NOUN
gujaf-148	78	7	is	be	AUX
gujaf-148	78	8	negatively	negatively	ADV
gujaf-148	78	9	correlated	correlate	VERB
gujaf-148	78	10	with	with	ADP
gujaf-148	78	11	the	the	DET
gujaf-148	78	12	percentage	percentage	NOUN
gujaf-148	78	13	of	of	ADP
gujaf-148	78	14	large	large	ADJ
gujaf-148	78	15	shareholdings	shareholding	NOUN
gujaf-148	78	16	held	hold	VERB
gujaf-148	78	17	by	by	ADP
gujaf-148	78	18	the	the	DET
gujaf-148	78	19	ceo	ceo	NOUN
gujaf-148	78	20	and	and	CCONJ
gujaf-148	78	21	directors	director	NOUN
gujaf-148	78	22	.	.	PUNCT
gujaf-148	79	1	additionally	additionally	ADV
gujaf-148	79	2	,	,	PUNCT
gujaf-148	79	3	there	there	PRON
gujaf-148	79	4	is	be	VERB
gujaf-148	79	5	a	a	DET
gujaf-148	79	6	positive	positive	ADJ
gujaf-148	79	7	correlation	correlation	NOUN
gujaf-148	79	8	between	between	ADP
gujaf-148	79	9	market	market	NOUN
gujaf-148	79	10	-	-	PUNCT
gujaf-148	79	11	adjusted	adjust	VERB
gujaf-148	79	12	cumulative	cumulative	ADJ
gujaf-148	79	13	stock	stock	NOUN
gujaf-148	79	14	return	return	NOUN
gujaf-148	79	15	and	and	CCONJ
gujaf-148	79	16	the	the	DET
gujaf-148	79	17	percentage	percentage	NOUN
gujaf-148	79	18	of	of	ADP
gujaf-148	79	19	shares	share	NOUN
gujaf-148	79	20	owned	own	VERB
gujaf-148	79	21	by	by	ADP
gujaf-148	79	22	independent	independent	ADJ
gujaf-148	79	23	directors	director	NOUN
gujaf-148	79	24	.	.	PUNCT
gujaf-148	80	1	dincer	dincer	NOUN
gujaf-148	80	2	and	and	CCONJ
gujaf-148	80	3	dincer	dincer	NOUN
gujaf-148	80	4	(	(	PUNCT
gujaf-148	80	5	2013	2013	NUM
gujaf-148	80	6	)	)	PUNCT
gujaf-148	80	7	analyzed	analyze	VERB
gujaf-148	80	8	the	the	DET
gujaf-148	80	9	corporate	corporate	ADJ
gujaf-148	80	10	governance	governance	NOUN
gujaf-148	80	11	practices	practice	NOUN
gujaf-148	80	12	of	of	ADP
gujaf-148	80	13	quoted	quote	VERB
gujaf-148	80	14	banks	bank	NOUN
gujaf-148	80	15	on	on	ADP
gujaf-148	80	16	the	the	DET
gujaf-148	80	17	istanbul	istanbul	PROPN
gujaf-148	80	18	stock	stock	PROPN
gujaf-148	80	19	exchange	exchange	PROPN
gujaf-148	80	20	and	and	CCONJ
gujaf-148	80	21	look	look	VERB
gujaf-148	80	22	at	at	ADP
gujaf-148	80	23	the	the	DET
gujaf-148	80	24	association	association	NOUN
gujaf-148	80	25	between	between	ADP
gujaf-148	80	26	corporate	corporate	ADJ
gujaf-148	80	27	governance	governance	NOUN
gujaf-148	80	28	and	and	CCONJ
gujaf-148	80	29	company	company	NOUN
gujaf-148	80	30	value	value	NOUN
gujaf-148	80	31	in	in	ADP
gujaf-148	80	32	a	a	DET
gujaf-148	80	33	developing	develop	VERB
gujaf-148	80	34	economy	economy	NOUN
gujaf-148	80	35	(	(	PUNCT
gujaf-148	80	36	ise	ise	NOUN
gujaf-148	80	37	)	)	PUNCT
gujaf-148	80	38	.	.	PUNCT
gujaf-148	81	1	according	accord	VERB
gujaf-148	81	2	to	to	ADP
gujaf-148	81	3	the	the	DET
gujaf-148	81	4	regression	regression	NOUN
gujaf-148	81	5	,	,	PUNCT
gujaf-148	81	6	banks	bank	NOUN
gujaf-148	81	7	with	with	ADP
gujaf-148	81	8	lesser	less	ADJ
gujaf-148	81	9	control	control	NOUN
gujaf-148	81	10	structure	structure	NOUN
gujaf-148	81	11	ratings	rating	NOUN
gujaf-148	81	12	generate	generate	VERB
gujaf-148	81	13	bigger	big	ADJ
gujaf-148	81	14	share	share	NOUN
gujaf-148	81	15	value	value	NOUN
gujaf-148	81	16	because	because	SCONJ
gujaf-148	81	17	they	they	PRON
gujaf-148	81	18	are	be	AUX
gujaf-148	81	19	riskier	risky	ADJ
gujaf-148	81	20	,	,	PUNCT
gujaf-148	81	21	whereas	whereas	SCONJ
gujaf-148	81	22	banks	bank	NOUN
gujaf-148	81	23	with	with	ADP
gujaf-148	81	24	higher	high	ADJ
gujaf-148	81	25	governance	governance	NOUN
gujaf-148	81	26	ratings	rating	NOUN
gujaf-148	81	27	generate	generate	VERB
gujaf-148	81	28	lower	low	ADJ
gujaf-148	81	29	share	share	NOUN
gujaf-148	81	30	value	value	NOUN
gujaf-148	81	31	because	because	SCONJ
gujaf-148	81	32	they	they	PRON
gujaf-148	81	33	are	be	AUX
gujaf-148	81	34	less	less	ADV
gujaf-148	81	35	risky	risky	ADJ
gujaf-148	81	36	.	.	PUNCT
gujaf-148	82	1	the	the	DET
gujaf-148	82	2	primary	primary	ADJ
gujaf-148	82	3	variables	variable	NOUN
gujaf-148	82	4	in	in	ADP
gujaf-148	82	5	the	the	DET
gujaf-148	82	6	regression	regression	NOUN
gujaf-148	82	7	were	be	AUX
gujaf-148	82	8	performance	performance	NOUN
gujaf-148	82	9	indicators	indicator	NOUN
gujaf-148	82	10	like	like	ADP
gujaf-148	82	11	roa	roa	NOUN
gujaf-148	82	12	and	and	CCONJ
gujaf-148	82	13	share	share	NOUN
gujaf-148	82	14	price	price	NOUN
gujaf-148	82	15	as	as	ADV
gujaf-148	82	16	well	well	ADV
gujaf-148	82	17	as	as	ADP
gujaf-148	82	18	corporate	corporate	ADJ
gujaf-148	82	19	governance	governance	NOUN
gujaf-148	82	20	indicators	indicator	NOUN
gujaf-148	82	21	including	include	VERB
gujaf-148	82	22	ownership	ownership	NOUN
gujaf-148	82	23	,	,	PUNCT
gujaf-148	82	24	board	board	NOUN
gujaf-148	82	25	composition	composition	NOUN
gujaf-148	82	26	,	,	PUNCT
gujaf-148	82	27	and	and	CCONJ
gujaf-148	82	28	transparency	transparency	NOUN
gujaf-148	82	29	policies	policy	NOUN
gujaf-148	82	30	.	.	PUNCT
gujaf-148	83	1	according	accord	VERB
gujaf-148	83	2	to	to	ADP
gujaf-148	83	3	the	the	DET
gujaf-148	83	4	findings	finding	NOUN
gujaf-148	83	5	,	,	PUNCT
gujaf-148	83	6	stock	stock	NOUN
gujaf-148	83	7	prices	price	NOUN
gujaf-148	83	8	appropriately	appropriately	ADV
gujaf-148	83	9	reflect	reflect	VERB
gujaf-148	83	10	the	the	DET
gujaf-148	83	11	higher	high	ADJ
gujaf-148	83	12	risk	risk	NOUN
gujaf-148	83	13	of	of	ADP
gujaf-148	83	14	poorly	poorly	ADV
gujaf-148	83	15	managed	manage	VERB
gujaf-148	83	16	companies	company	NOUN
gujaf-148	83	17	and	and	CCONJ
gujaf-148	83	18	the	the	DET
gujaf-148	83	19	lower	low	ADJ
gujaf-148	83	20	risk	risk	NOUN
gujaf-148	83	21	of	of	ADP
gujaf-148	83	22	a	a	DET
gujaf-148	83	23	strategic	strategic	ADJ
gujaf-148	83	24	structure	structure	NOUN
gujaf-148	83	25	firm	firm	NOUN
gujaf-148	83	26	.	.	PUNCT
gujaf-148	84	1	the	the	DET
gujaf-148	84	2	study	study	NOUN
gujaf-148	84	3	of	of	ADP
gujaf-148	84	4	oyerinde	oyerinde	PROPN
gujaf-148	84	5	(	(	PUNCT
gujaf-148	84	6	2014	2014	NUM
gujaf-148	84	7	)	)	PUNCT
gujaf-148	84	8	examined	examine	VERB
gujaf-148	84	9	the	the	DET
gujaf-148	84	10	extent	extent	NOUN
gujaf-148	84	11	to	to	PART
gujaf-148	84	12	which	which	PRON
gujaf-148	84	13	corporate	corporate	ADJ
gujaf-148	84	14	governance	governance	NOUN
gujaf-148	84	15	contributed	contribute	VERB
gujaf-148	84	16	to	to	ADP
gujaf-148	84	17	the	the	DET
gujaf-148	84	18	financial	financial	ADJ
gujaf-148	84	19	crisis	crisis	NOUN
gujaf-148	84	20	in	in	ADP
gujaf-148	84	21	the	the	DET
gujaf-148	84	22	nigerian	nigerian	ADJ
gujaf-148	84	23	banking	banking	NOUN
gujaf-148	84	24	industry	industry	NOUN
gujaf-148	84	25	between	between	ADP
gujaf-148	84	26	the	the	DET
gujaf-148	84	27	periods	period	NOUN
gujaf-148	84	28	2000	2000	NUM
gujaf-148	84	29	and	and	CCONJ
gujaf-148	84	30	2010	2010	NUM
gujaf-148	84	31	.	.	PUNCT
gujaf-148	85	1	panel	panel	NOUN
gujaf-148	85	2	data	datum	NOUN
gujaf-148	85	3	on	on	ADP
gujaf-148	85	4	a	a	DET
gujaf-148	85	5	post	post	ADJ
gujaf-148	85	6	consolidated	consolidate	VERB
gujaf-148	85	7	banks	bank	NOUN
gujaf-148	85	8	in	in	ADP
gujaf-148	85	9	nigeria	nigeria	PROPN
gujaf-148	85	10	for	for	ADP
gujaf-148	85	11	the	the	DET
gujaf-148	85	12	pre	pre	ADJ
gujaf-148	85	13	and	and	CCONJ
gujaf-148	85	14	post-2004	post-2004	ADJ
gujaf-148	85	15	consolidation	consolidation	NOUN
gujaf-148	85	16	reforms	reform	NOUN
gujaf-148	85	17	were	be	AUX
gujaf-148	85	18	used	use	VERB
gujaf-148	85	19	.	.	PUNCT
gujaf-148	86	1	two	two	NUM
gujaf-148	86	2	measures	measure	NOUN
gujaf-148	86	3	of	of	ADP
gujaf-148	86	4	bank	bank	NOUN
gujaf-148	86	5	performance	performance	NOUN
gujaf-148	86	6	(	(	PUNCT
gujaf-148	86	7	return	return	VERB
gujaf-148	86	8	on	on	ADP
gujaf-148	86	9	equity	equity	NOUN
gujaf-148	86	10	and	and	CCONJ
gujaf-148	86	11	net	net	ADJ
gujaf-148	86	12	interest	interest	NOUN
gujaf-148	86	13	income	income	NOUN
gujaf-148	86	14	)	)	PUNCT
gujaf-148	86	15	were	be	AUX
gujaf-148	86	16	used	use	VERB
gujaf-148	86	17	as	as	ADP
gujaf-148	86	18	dependent	dependent	ADJ
gujaf-148	86	19	variables	variable	NOUN
gujaf-148	86	20	on	on	ADP
gujaf-148	86	21	a	a	DET
gujaf-148	86	22	model	model	NOUN
gujaf-148	86	23	that	that	PRON
gujaf-148	86	24	included	include	VERB
gujaf-148	86	25	both	both	DET
gujaf-148	86	26	numbers	number	NOUN
gujaf-148	86	27	of	of	ADP
gujaf-148	86	28	board	board	NOUN
gujaf-148	86	29	members	member	NOUN
gujaf-148	86	30	and	and	CCONJ
gujaf-148	86	31	related	relate	VERB
gujaf-148	86	32	insider	insider	NOUN
gujaf-148	86	33	loans	loan	NOUN
gujaf-148	86	34	as	as	ADP
gujaf-148	86	35	measures	measure	NOUN
gujaf-148	86	36	of	of	ADP
gujaf-148	86	37	corporate	corporate	ADJ
gujaf-148	86	38	governance	governance	NOUN
gujaf-148	86	39	.	.	PUNCT
gujaf-148	87	1	it	it	PRON
gujaf-148	87	2	was	be	AUX
gujaf-148	87	3	found	find	VERB
gujaf-148	87	4	that	that	SCONJ
gujaf-148	87	5	while	while	SCONJ
gujaf-148	87	6	the	the	DET
gujaf-148	87	7	size	size	NOUN
gujaf-148	87	8	of	of	ADP
gujaf-148	87	9	the	the	DET
gujaf-148	87	10	board	board	NOUN
gujaf-148	87	11	was	be	AUX
gujaf-148	87	12	significant	significant	ADJ
gujaf-148	87	13	positive	positive	ADJ
gujaf-148	87	14	insider	insider	NOUN
gujaf-148	87	15	loan	loan	NOUN
gujaf-148	87	16	is	be	AUX
gujaf-148	87	17	negatively	negatively	ADV
gujaf-148	87	18	related	relate	VERB
gujaf-148	87	19	to	to	ADP
gujaf-148	87	20	bank	bank	NOUN
gujaf-148	87	21	performance	performance	NOUN
gujaf-148	87	22	.	.	PUNCT
gujaf-148	88	1	the	the	DET
gujaf-148	88	2	paper	paper	NOUN
gujaf-148	88	3	concludes	conclude	VERB
gujaf-148	88	4	that	that	SCONJ
gujaf-148	88	5	insider	insider	NOUN
gujaf-148	88	6	loan	loan	NOUN
gujaf-148	88	7	was	be	AUX
gujaf-148	88	8	the	the	DET
gujaf-148	88	9	most	most	ADV
gujaf-148	88	10	detrimental	detrimental	ADJ
gujaf-148	88	11	consequence	consequence	NOUN
gujaf-148	88	12	of	of	ADP
gujaf-148	88	13	the	the	DET
gujaf-148	88	14	lack	lack	NOUN
gujaf-148	88	15	of	of	ADP
gujaf-148	88	16	corporate	corporate	ADJ
gujaf-148	88	17	governance	governance	NOUN
gujaf-148	88	18	in	in	ADP
gujaf-148	88	19	the	the	DET
gujaf-148	88	20	nigerian	nigerian	ADJ
gujaf-148	88	21	banking	banking	NOUN
gujaf-148	88	22	industry	industry	NOUN
gujaf-148	88	23	.	.	PUNCT
gujaf-148	89	1	the	the	DET
gujaf-148	89	2	issue	issue	NOUN
gujaf-148	89	3	raised	raise	VERB
gujaf-148	89	4	in	in	ADP
gujaf-148	89	5	some	some	DET
gujaf-148	89	6	studies	study	NOUN
gujaf-148	89	7	about	about	ADP
gujaf-148	89	8	the	the	DET
gujaf-148	89	9	size	size	NOUN
gujaf-148	89	10	of	of	ADP
gujaf-148	89	11	the	the	DET
gujaf-148	89	12	board	board	NOUN
gujaf-148	89	13	members	member	NOUN
gujaf-148	89	14	,	,	PUNCT
gujaf-148	89	15	this	this	DET
gujaf-148	89	16	paper	paper	NOUN
gujaf-148	89	17	found	find	VERB
gujaf-148	89	18	a	a	DET
gujaf-148	89	19	relatively	relatively	ADV
gujaf-148	89	20	higher	high	ADJ
gujaf-148	89	21	number	number	NOUN
gujaf-148	89	22	of	of	ADP
gujaf-148	89	23	board	board	NOUN
gujaf-148	89	24	members	member	NOUN
gujaf-148	89	25	to	to	PART
gujaf-148	89	26	be	be	AUX
gujaf-148	89	27	more	more	ADV
gujaf-148	89	28	performanceenhancing	performanceenhance	VERB
gujaf-148	89	29	and	and	CCONJ
gujaf-148	89	30	aid	aid	VERB
gujaf-148	89	31	effective	effective	ADJ
gujaf-148	89	32	coordination	coordination	NOUN
gujaf-148	89	33	of	of	ADP
gujaf-148	89	34	banks	bank	NOUN
gujaf-148	89	35	operating	operate	VERB
gujaf-148	89	36	within	within	ADP
gujaf-148	89	37	the	the	DET
gujaf-148	89	38	peculiarity	peculiarity	NOUN
gujaf-148	89	39	of	of	ADP
gujaf-148	89	40	the	the	DET
gujaf-148	89	41	nigerian	nigerian	ADJ
gujaf-148	89	42	financial	financial	ADJ
gujaf-148	89	43	system	system	NOUN
gujaf-148	89	44	.	.	PUNCT
gujaf-148	90	1	6	6	NUM
gujaf-148	90	2	salah	salah	NOUN
gujaf-148	90	3	and	and	CCONJ
gujaf-148	90	4	elewa	elewa	PROPN
gujaf-148	90	5	(	(	PUNCT
gujaf-148	90	6	2016	2016	NUM
gujaf-148	90	7	)	)	PUNCT
gujaf-148	90	8	investigated	investigate	VERB
gujaf-148	90	9	whether	whether	SCONJ
gujaf-148	90	10	corporate	corporate	ADJ
gujaf-148	90	11	governance	governance	NOUN
gujaf-148	90	12	is	be	AUX
gujaf-148	90	13	associated	associate	VERB
gujaf-148	90	14	with	with	ADP
gujaf-148	90	15	stock	stock	NOUN
gujaf-148	90	16	prices	price	NOUN
gujaf-148	90	17	and	and	CCONJ
gujaf-148	90	18	trade	trade	NOUN
gujaf-148	90	19	volume	volume	NOUN
gujaf-148	90	20	for	for	ADP
gujaf-148	90	21	62	62	NUM
gujaf-148	90	22	publicly	publicly	ADV
gujaf-148	90	23	traded	trade	VERB
gujaf-148	90	24	firms	firm	NOUN
gujaf-148	90	25	on	on	ADP
gujaf-148	90	26	the	the	DET
gujaf-148	90	27	egyptian	egyptian	ADJ
gujaf-148	90	28	stock	stock	PROPN
gujaf-148	90	29	exchange	exchange	PROPN
gujaf-148	90	30	during	during	ADP
gujaf-148	90	31	2007	2007	NUM
gujaf-148	90	32	-	-	SYM
gujaf-148	90	33	2014	2014	NUM
gujaf-148	90	34	.	.	PUNCT
gujaf-148	91	1	the	the	DET
gujaf-148	91	2	authors	author	NOUN
gujaf-148	91	3	hypothesize	hypothesize	VERB
gujaf-148	91	4	that	that	SCONJ
gujaf-148	91	5	firms	firm	NOUN
gujaf-148	91	6	with	with	ADP
gujaf-148	91	7	strong	strong	ADJ
gujaf-148	91	8	corporate	corporate	ADJ
gujaf-148	91	9	governance	governance	NOUN
gujaf-148	91	10	have	have	VERB
gujaf-148	91	11	a	a	DET
gujaf-148	91	12	significant	significant	ADJ
gujaf-148	91	13	impact	impact	NOUN
gujaf-148	91	14	on	on	ADP
gujaf-148	91	15	stock	stock	NOUN
gujaf-148	91	16	prices	price	NOUN
gujaf-148	91	17	and	and	CCONJ
gujaf-148	91	18	trade	trade	NOUN
gujaf-148	91	19	volume	volume	NOUN
gujaf-148	91	20	.	.	PUNCT
gujaf-148	92	1	to	to	PART
gujaf-148	92	2	examine	examine	VERB
gujaf-148	92	3	the	the	DET
gujaf-148	92	4	associations	association	NOUN
gujaf-148	92	5	,	,	PUNCT
gujaf-148	92	6	a	a	DET
gujaf-148	92	7	multiple	multiple	ADJ
gujaf-148	92	8	regression	regression	NOUN
gujaf-148	92	9	analysis	analysis	NOUN
gujaf-148	92	10	is	be	AUX
gujaf-148	92	11	used	use	VERB
gujaf-148	92	12	.	.	PUNCT
gujaf-148	93	1	consistent	consistent	ADJ
gujaf-148	93	2	with	with	ADP
gujaf-148	93	3	the	the	DET
gujaf-148	93	4	first	first	ADJ
gujaf-148	93	5	hypothesis	hypothesis	NOUN
gujaf-148	93	6	,	,	PUNCT
gujaf-148	93	7	this	this	DET
gujaf-148	93	8	study	study	NOUN
gujaf-148	93	9	finds	find	VERB
gujaf-148	93	10	firms	firm	NOUN
gujaf-148	93	11	with	with	ADP
gujaf-148	93	12	strong	strong	ADJ
gujaf-148	93	13	corporate	corporate	ADJ
gujaf-148	93	14	governance	governance	NOUN
gujaf-148	93	15	have	have	VERB
gujaf-148	93	16	a	a	DET
gujaf-148	93	17	significant	significant	ADJ
gujaf-148	93	18	impact	impact	NOUN
gujaf-148	93	19	on	on	ADP
gujaf-148	93	20	stock	stock	NOUN
gujaf-148	93	21	prices	price	NOUN
gujaf-148	93	22	while	while	SCONJ
gujaf-148	93	23	having	have	VERB
gujaf-148	93	24	no	no	DET
gujaf-148	93	25	significant	significant	ADJ
gujaf-148	93	26	impact	impact	NOUN
gujaf-148	93	27	on	on	ADP
gujaf-148	93	28	trade	trade	NOUN
gujaf-148	93	29	volume	volume	NOUN
gujaf-148	93	30	.	.	PUNCT
gujaf-148	94	1	findings	finding	NOUN
gujaf-148	94	2	indicate	indicate	VERB
gujaf-148	94	3	that	that	SCONJ
gujaf-148	94	4	the	the	DET
gujaf-148	94	5	quality	quality	NOUN
gujaf-148	94	6	of	of	ADP
gujaf-148	94	7	corporate	corporate	ADJ
gujaf-148	94	8	governance	governance	NOUN
gujaf-148	94	9	can	can	AUX
gujaf-148	94	10	affect	affect	VERB
gujaf-148	94	11	firms	firm	NOUN
gujaf-148	94	12	'	'	PART
gujaf-148	94	13	stock	stock	NOUN
gujaf-148	94	14	price	price	NOUN
gujaf-148	94	15	while	while	SCONJ
gujaf-148	94	16	trading	trading	NOUN
gujaf-148	94	17	volume	volume	NOUN
gujaf-148	94	18	is	be	AUX
gujaf-148	94	19	not	not	PART
gujaf-148	94	20	affected	affect	VERB
gujaf-148	94	21	by	by	ADP
gujaf-148	94	22	the	the	DET
gujaf-148	94	23	strength	strength	NOUN
gujaf-148	94	24	of	of	ADP
gujaf-148	94	25	corporate	corporate	ADJ
gujaf-148	94	26	governance	governance	NOUN
gujaf-148	94	27	.	.	PUNCT
gujaf-148	95	1	the	the	DET
gujaf-148	95	2	results	result	NOUN
gujaf-148	95	3	suggest	suggest	VERB
gujaf-148	95	4	that	that	SCONJ
gujaf-148	95	5	egyptian	egyptian	ADJ
gujaf-148	95	6	firms	firm	NOUN
gujaf-148	95	7	should	should	AUX
gujaf-148	95	8	improve	improve	VERB
gujaf-148	95	9	their	their	PRON
gujaf-148	95	10	corporate	corporate	ADJ
gujaf-148	95	11	governance	governance	NOUN
gujaf-148	95	12	as	as	SCONJ
gujaf-148	95	13	it	it	PRON
gujaf-148	95	14	has	have	VERB
gujaf-148	95	15	a	a	DET
gujaf-148	95	16	significant	significant	ADJ
gujaf-148	95	17	effect	effect	NOUN
gujaf-148	95	18	on	on	ADP
gujaf-148	95	19	firms	firm	NOUN
gujaf-148	95	20	’	'	PUNCT
gujaf-148	95	21	value	value	NOUN
gujaf-148	95	22	.	.	PUNCT
gujaf-148	96	1	also	also	ADV
gujaf-148	96	2	,	,	PUNCT
gujaf-148	96	3	providing	provide	VERB
gujaf-148	96	4	diverse	diverse	ADJ
gujaf-148	96	5	sources	source	NOUN
gujaf-148	96	6	of	of	ADP
gujaf-148	96	7	financial	financial	ADJ
gujaf-148	96	8	information	information	NOUN
gujaf-148	96	9	other	other	ADJ
gujaf-148	96	10	than	than	ADP
gujaf-148	96	11	the	the	DET
gujaf-148	96	12	financial	financial	ADJ
gujaf-148	96	13	statements	statement	NOUN
gujaf-148	96	14	and	and	CCONJ
gujaf-148	96	15	ensuring	ensure	VERB
gujaf-148	96	16	the	the	DET
gujaf-148	96	17	presence	presence	NOUN
gujaf-148	96	18	of	of	ADP
gujaf-148	96	19	high	high	ADJ
gujaf-148	96	20	-	-	PUNCT
gujaf-148	96	21	quality	quality	NOUN
gujaf-148	96	22	financial	financial	ADJ
gujaf-148	96	23	reporting	reporting	NOUN
gujaf-148	96	24	and	and	CCONJ
gujaf-148	96	25	strong	strong	ADJ
gujaf-148	96	26	investor	investor	NOUN
gujaf-148	96	27	protection	protection	NOUN
gujaf-148	96	28	.	.	PUNCT
gujaf-148	97	1	this	this	DET
gujaf-148	97	2	study	study	NOUN
gujaf-148	97	3	is	be	AUX
gujaf-148	97	4	carried	carry	VERB
gujaf-148	97	5	out	out	ADP
gujaf-148	97	6	on	on	ADP
gujaf-148	97	7	non	non	ADJ
gujaf-148	97	8	-	-	ADJ
gujaf-148	97	9	financial	financial	ADJ
gujaf-148	97	10	firms	firm	NOUN
gujaf-148	97	11	only	only	ADV
gujaf-148	97	12	.	.	PUNCT
gujaf-148	98	1	this	this	DET
gujaf-148	98	2	research	research	NOUN
gujaf-148	98	3	is	be	AUX
gujaf-148	98	4	important	important	ADJ
gujaf-148	98	5	to	to	ADP
gujaf-148	98	6	regulators	regulator	NOUN
gujaf-148	98	7	and	and	CCONJ
gujaf-148	98	8	standard	standard	ADJ
gujaf-148	98	9	setters	setter	NOUN
gujaf-148	98	10	as	as	SCONJ
gujaf-148	98	11	it	it	PRON
gujaf-148	98	12	shows	show	VERB
gujaf-148	98	13	the	the	DET
gujaf-148	98	14	information	information	NOUN
gujaf-148	98	15	that	that	PRON
gujaf-148	98	16	affects	affect	VERB
gujaf-148	98	17	investors	investor	NOUN
gujaf-148	98	18	’	’	PART
gujaf-148	98	19	decisions	decision	NOUN
gujaf-148	98	20	and	and	CCONJ
gujaf-148	98	21	the	the	DET
gujaf-148	98	22	importance	importance	NOUN
gujaf-148	98	23	of	of	ADP
gujaf-148	98	24	its	its	PRON
gujaf-148	98	25	disclosure	disclosure	NOUN
gujaf-148	98	26	.	.	PUNCT
gujaf-148	99	1	it	it	PRON
gujaf-148	99	2	pays	pay	VERB
gujaf-148	99	3	attention	attention	NOUN
gujaf-148	99	4	of	of	ADP
gujaf-148	99	5	standard	standard	ADJ
gujaf-148	99	6	setters	setter	NOUN
gujaf-148	99	7	for	for	ADP
gujaf-148	99	8	setting	set	VERB
gujaf-148	99	9	a	a	DET
gujaf-148	99	10	corporate	corporate	ADJ
gujaf-148	99	11	governance	governance	NOUN
gujaf-148	99	12	framework	framework	NOUN
gujaf-148	99	13	for	for	ADP
gujaf-148	99	14	improving	improve	VERB
gujaf-148	99	15	the	the	DET
gujaf-148	99	16	level	level	NOUN
gujaf-148	99	17	of	of	ADP
gujaf-148	99	18	disclosures	disclosure	NOUN
gujaf-148	99	19	of	of	ADP
gujaf-148	99	20	publicly	publicly	ADV
gujaf-148	99	21	traded	trade	VERB
gujaf-148	99	22	firms	firm	NOUN
gujaf-148	99	23	in	in	ADP
gujaf-148	99	24	egypt	egypt	PROPN
gujaf-148	99	25	.	.	PUNCT
gujaf-148	100	1	acheampong	acheampong	PROPN
gujaf-148	100	2	,	,	PUNCT
gujaf-148	100	3	agalega	agalega	ADJ
gujaf-148	100	4	,	,	PUNCT
gujaf-148	100	5	and	and	CCONJ
gujaf-148	100	6	shibu	shibu	PROPN
gujaf-148	100	7	(	(	PUNCT
gujaf-148	100	8	2013	2013	NUM
gujaf-148	100	9	)	)	PUNCT
gujaf-148	100	10	examined	examine	VERB
gujaf-148	100	11	the	the	DET
gujaf-148	100	12	effect	effect	NOUN
gujaf-148	100	13	of	of	ADP
gujaf-148	100	14	financial	financial	ADJ
gujaf-148	100	15	leverage	leverage	NOUN
gujaf-148	100	16	and	and	CCONJ
gujaf-148	100	17	market	market	NOUN
gujaf-148	100	18	size	size	NOUN
gujaf-148	100	19	of	of	ADP
gujaf-148	100	20	selected	select	VERB
gujaf-148	100	21	stocks	stock	NOUN
gujaf-148	100	22	on	on	ADP
gujaf-148	100	23	stock	stock	NOUN
gujaf-148	100	24	returns	return	NOUN
gujaf-148	100	25	.	.	PUNCT
gujaf-148	101	1	ordinary	ordinary	ADJ
gujaf-148	101	2	least	least	ADJ
gujaf-148	101	3	square	square	ADJ
gujaf-148	101	4	(	(	PUNCT
gujaf-148	101	5	ols	ol	NOUN
gujaf-148	101	6	)	)	PUNCT
gujaf-148	101	7	regression	regression	NOUN
gujaf-148	101	8	methods	method	NOUN
gujaf-148	101	9	were	be	AUX
gujaf-148	101	10	used	use	VERB
gujaf-148	101	11	to	to	PART
gujaf-148	101	12	model	model	VERB
gujaf-148	101	13	the	the	DET
gujaf-148	101	14	relationship	relationship	NOUN
gujaf-148	101	15	between	between	ADP
gujaf-148	101	16	the	the	DET
gujaf-148	101	17	dependent	dependent	ADJ
gujaf-148	101	18	variable	variable	NOUN
gujaf-148	101	19	and	and	CCONJ
gujaf-148	101	20	the	the	DET
gujaf-148	101	21	independent	independent	ADJ
gujaf-148	101	22	variables	variable	NOUN
gujaf-148	101	23	.	.	PUNCT
gujaf-148	102	1	the	the	DET
gujaf-148	102	2	leverage	leverage	NOUN
gujaf-148	102	3	of	of	ADP
gujaf-148	102	4	the	the	DET
gujaf-148	102	5	selected	select	VERB
gujaf-148	102	6	firms	firm	NOUN
gujaf-148	102	7	were	be	AUX
gujaf-148	102	8	estimated	estimate	VERB
gujaf-148	102	9	from	from	ADP
gujaf-148	102	10	the	the	DET
gujaf-148	102	11	annual	annual	ADJ
gujaf-148	102	12	financial	financial	ADJ
gujaf-148	102	13	reports	report	NOUN
gujaf-148	102	14	covering	cover	VERB
gujaf-148	102	15	a	a	DET
gujaf-148	102	16	period	period	NOUN
gujaf-148	102	17	of	of	ADP
gujaf-148	102	18	five	five	NUM
gujaf-148	102	19	years	year	NOUN
gujaf-148	102	20	(	(	PUNCT
gujaf-148	102	21	i.e.2006	i.e.2006	NOUN
gujaf-148	102	22	-	-	SYM
gujaf-148	102	23	2010	2010	NUM
gujaf-148	102	24	)	)	PUNCT
gujaf-148	102	25	of	of	ADP
gujaf-148	102	26	selected	select	VERB
gujaf-148	102	27	five	five	NUM
gujaf-148	102	28	corporations	corporation	NOUN
gujaf-148	102	29	operating	operate	VERB
gujaf-148	102	30	in	in	ADP
gujaf-148	102	31	the	the	DET
gujaf-148	102	32	manufacturing	manufacturing	NOUN
gujaf-148	102	33	sector	sector	NOUN
gujaf-148	102	34	.	.	PUNCT
gujaf-148	103	1	furthermore	furthermore	ADV
gujaf-148	103	2	,	,	PUNCT
gujaf-148	103	3	average	average	ADJ
gujaf-148	103	4	monthly	monthly	ADJ
gujaf-148	103	5	stock	stock	NOUN
gujaf-148	103	6	prices	price	NOUN
gujaf-148	103	7	of	of	ADP
gujaf-148	103	8	the	the	DET
gujaf-148	103	9	selected	select	VERB
gujaf-148	103	10	stocks	stock	NOUN
gujaf-148	103	11	between	between	ADP
gujaf-148	103	12	20062010	20062010	NUM
gujaf-148	103	13	for	for	ADP
gujaf-148	103	14	unilever	unilever	PROPN
gujaf-148	103	15	,	,	PUNCT
gujaf-148	103	16	pioneer	pioneer	NOUN
gujaf-148	103	17	kitchenware	kitchenware	NOUN
gujaf-148	103	18	,	,	PUNCT
gujaf-148	103	19	pz	pz	NOUN
gujaf-148	103	20	cussions	cussion	NOUN
gujaf-148	103	21	,	,	PUNCT
gujaf-148	103	22	aluworks	aluwork	NOUN
gujaf-148	103	23	and	and	CCONJ
gujaf-148	103	24	camelot	camelot	NOUN
gujaf-148	103	25	making	make	VERB
gujaf-148	103	26	up	up	ADP
gujaf-148	103	27	the	the	DET
gujaf-148	103	28	five	five	NUM
gujaf-148	103	29	selected	select	VERB
gujaf-148	103	30	companies	company	NOUN
gujaf-148	103	31	were	be	AUX
gujaf-148	103	32	used	use	VERB
gujaf-148	103	33	.	.	PUNCT
gujaf-148	104	1	the	the	DET
gujaf-148	104	2	study	study	NOUN
gujaf-148	104	3	established	establish	VERB
gujaf-148	104	4	a	a	DET
gujaf-148	104	5	negative	negative	ADJ
gujaf-148	104	6	and	and	CCONJ
gujaf-148	104	7	significant	significant	ADJ
gujaf-148	104	8	relationship	relationship	NOUN
gujaf-148	104	9	between	between	ADP
gujaf-148	104	10	leverage	leverage	NOUN
gujaf-148	104	11	and	and	CCONJ
gujaf-148	104	12	stock	stock	NOUN
gujaf-148	104	13	return	return	NOUN
gujaf-148	104	14	when	when	SCONJ
gujaf-148	104	15	the	the	DET
gujaf-148	104	16	overall	overall	ADJ
gujaf-148	104	17	industrial	industrial	ADJ
gujaf-148	104	18	data	datum	NOUN
gujaf-148	104	19	is	be	AUX
gujaf-148	104	20	used	use	VERB
gujaf-148	104	21	.	.	PUNCT
gujaf-148	105	1	however	however	ADV
gujaf-148	105	2	,	,	PUNCT
gujaf-148	105	3	at	at	ADP
gujaf-148	105	4	the	the	DET
gujaf-148	105	5	individual	individual	ADJ
gujaf-148	105	6	firm	firm	NOUN
gujaf-148	105	7	level	level	NOUN
gujaf-148	105	8	the	the	DET
gujaf-148	105	9	relationship	relationship	NOUN
gujaf-148	105	10	was	be	AUX
gujaf-148	105	11	not	not	PART
gujaf-148	105	12	stable	stable	ADJ
gujaf-148	105	13	.	.	PUNCT
gujaf-148	106	1	four	four	NUM
gujaf-148	106	2	out	out	ADP
gujaf-148	106	3	of	of	ADP
gujaf-148	106	4	the	the	DET
gujaf-148	106	5	five	five	NUM
gujaf-148	106	6	selected	select	VERB
gujaf-148	106	7	companies	company	NOUN
gujaf-148	106	8	(	(	PUNCT
gujaf-148	106	9	i.e.	i.e.	X
gujaf-148	106	10	pz	pz	NOUN
gujaf-148	106	11	,	,	PUNCT
gujaf-148	106	12	unilever	unilever	PROPN
gujaf-148	106	13	,	,	PUNCT
gujaf-148	106	14	aluworks	aluwork	NOUN
gujaf-148	106	15	and	and	CCONJ
gujaf-148	106	16	camelot	camelot	NOUN
gujaf-148	106	17	)	)	PUNCT
gujaf-148	106	18	all	all	PRON
gujaf-148	106	19	had	have	VERB
gujaf-148	106	20	associated	associate	VERB
gujaf-148	106	21	leverage	leverage	NOUN
gujaf-148	106	22	coefficients	coefficient	NOUN
gujaf-148	106	23	to	to	PART
gujaf-148	106	24	be	be	AUX
gujaf-148	106	25	negative	negative	ADJ
gujaf-148	106	26	.	.	PUNCT
gujaf-148	107	1	pioneer	pioneer	NOUN
gujaf-148	107	2	kitchenware	kitchenware	PROPN
gujaf-148	107	3	however	however	ADV
gujaf-148	107	4	,	,	PUNCT
gujaf-148	107	5	had	have	VERB
gujaf-148	107	6	positive	positive	ADJ
gujaf-148	107	7	leverage	leverage	NOUN
gujaf-148	107	8	coefficient	coefficient	NOUN
gujaf-148	107	9	.	.	PUNCT
gujaf-148	108	1	the	the	DET
gujaf-148	108	2	study	study	NOUN
gujaf-148	108	3	also	also	ADV
gujaf-148	108	4	found	find	VERB
gujaf-148	108	5	the	the	DET
gujaf-148	108	6	relationship	relationship	NOUN
gujaf-148	108	7	between	between	ADP
gujaf-148	108	8	size	size	NOUN
gujaf-148	108	9	and	and	CCONJ
gujaf-148	108	10	stock	stock	NOUN
gujaf-148	108	11	returns	return	NOUN
gujaf-148	108	12	to	to	PART
gujaf-148	108	13	be	be	AUX
gujaf-148	108	14	positive	positive	ADJ
gujaf-148	108	15	and	and	CCONJ
gujaf-148	108	16	significant	significant	ADJ
gujaf-148	108	17	.	.	PUNCT
gujaf-148	109	1	the	the	DET
gujaf-148	109	2	size	size	NOUN
gujaf-148	109	3	effect	effect	NOUN
gujaf-148	109	4	within	within	ADP
gujaf-148	109	5	the	the	DET
gujaf-148	109	6	manufacturing	manufacturing	NOUN
gujaf-148	109	7	sector	sector	NOUN
gujaf-148	109	8	was	be	AUX
gujaf-148	109	9	however	however	ADV
gujaf-148	109	10	very	very	ADV
gujaf-148	109	11	limited	limited	ADJ
gujaf-148	109	12	.	.	PUNCT
gujaf-148	110	1	brown	brown	ADJ
gujaf-148	110	2	and	and	CCONJ
gujaf-148	110	3	caylor	caylor	NOUN
gujaf-148	110	4	(	(	PUNCT
gujaf-148	110	5	2004	2004	NUM
gujaf-148	110	6	)	)	PUNCT
gujaf-148	110	7	took	take	VERB
gujaf-148	110	8	another	another	DET
gujaf-148	110	9	approach	approach	NOUN
gujaf-148	110	10	in	in	ADP
gujaf-148	110	11	evaluating	evaluate	VERB
gujaf-148	110	12	corporate	corporate	ADJ
gujaf-148	110	13	governance	governance	NOUN
gujaf-148	110	14	and	and	CCONJ
gujaf-148	110	15	firm	firm	ADJ
gujaf-148	110	16	performance	performance	NOUN
gujaf-148	110	17	.	.	PUNCT
gujaf-148	111	1	they	they	PRON
gujaf-148	111	2	created	create	VERB
gujaf-148	111	3	a	a	DET
gujaf-148	111	4	broad	broad	ADJ
gujaf-148	111	5	measure	measure	NOUN
gujaf-148	111	6	of	of	ADP
gujaf-148	111	7	composite	composite	ADJ
gujaf-148	111	8	governance	governance	NOUN
gujaf-148	111	9	;	;	PUNCT
gujaf-148	111	10	gov	gov	ADJ
gujaf-148	111	11	-	-	PUNCT
gujaf-148	111	12	score	score	NOUN
gujaf-148	111	13	comprising	comprising	NOUN
gujaf-148	111	14	of	of	ADP
gujaf-148	111	15	51	51	NUM
gujaf-148	111	16	factors	factor	NOUN
gujaf-148	111	17	in	in	ADP
gujaf-148	111	18	eight	eight	NUM
gujaf-148	111	19	corporate	corporate	ADJ
gujaf-148	111	20	governance	governance	NOUN
gujaf-148	111	21	7	7	NUM
gujaf-148	111	22	categories	category	NOUN
gujaf-148	111	23	based	base	VERB
gujaf-148	111	24	on	on	ADP
gujaf-148	111	25	a	a	DET
gujaf-148	111	26	data	datum	NOUN
gujaf-148	111	27	set	set	VERB
gujaf-148	111	28	provided	provide	VERB
gujaf-148	111	29	by	by	ADP
gujaf-148	111	30	institutional	institutional	ADJ
gujaf-148	111	31	shareholder	shareholder	NOUN
gujaf-148	111	32	services	service	NOUN
gujaf-148	111	33	.	.	PUNCT
gujaf-148	112	1	they	they	PRON
gujaf-148	112	2	then	then	ADV
gujaf-148	112	3	relate	relate	VERB
gujaf-148	112	4	gov	gov	ADJ
gujaf-148	112	5	-	-	NOUN
gujaf-148	112	6	score	score	NOUN
gujaf-148	112	7	to	to	ADP
gujaf-148	112	8	operating	operating	NOUN
gujaf-148	112	9	performance	performance	NOUN
gujaf-148	112	10	(	(	PUNCT
gujaf-148	112	11	roe	roe	NOUN
gujaf-148	112	12	,	,	PUNCT
gujaf-148	112	13	profit	profit	NOUN
gujaf-148	112	14	margin	margin	NOUN
gujaf-148	112	15	and	and	CCONJ
gujaf-148	112	16	sales	sale	NOUN
gujaf-148	112	17	growth	growth	NOUN
gujaf-148	112	18	)	)	PUNCT
gujaf-148	112	19	,	,	PUNCT
gujaf-148	112	20	valuation	valuation	NOUN
gujaf-148	112	21	(	(	PUNCT
gujaf-148	112	22	tobins	tobin	NOUN
gujaf-148	112	23	q	q	NOUN
gujaf-148	112	24	)	)	PUNCT
gujaf-148	112	25	and	and	CCONJ
gujaf-148	112	26	shareholders	shareholder	NOUN
gujaf-148	112	27	payout	payout	NOUN
gujaf-148	112	28	(	(	PUNCT
gujaf-148	112	29	dividend	dividend	NOUN
gujaf-148	112	30	yield	yield	NOUN
gujaf-148	112	31	and	and	CCONJ
gujaf-148	112	32	share	share	NOUN
gujaf-148	112	33	repurchases	repurchase	NOUN
gujaf-148	112	34	)	)	PUNCT
gujaf-148	112	35	for	for	ADP
gujaf-148	112	36	2,327	2,327	NUM
gujaf-148	112	37	us	us	PROPN
gujaf-148	112	38	firms	firm	NOUN
gujaf-148	112	39	and	and	CCONJ
gujaf-148	112	40	found	find	VERB
gujaf-148	112	41	that	that	SCONJ
gujaf-148	112	42	better	well	ADV
gujaf-148	112	43	governed	govern	VERB
gujaf-148	112	44	firms	firm	NOUN
gujaf-148	112	45	are	be	AUX
gujaf-148	112	46	relatively	relatively	ADV
gujaf-148	112	47	more	more	ADV
gujaf-148	112	48	profitable	profitable	ADJ
gujaf-148	112	49	,	,	PUNCT
gujaf-148	112	50	more	more	ADV
gujaf-148	112	51	valuable	valuable	ADJ
gujaf-148	112	52	and	and	CCONJ
gujaf-148	112	53	pay	pay	VERB
gujaf-148	112	54	out	out	ADP
gujaf-148	112	55	more	more	ADJ
gujaf-148	112	56	cash	cash	NOUN
gujaf-148	112	57	to	to	ADP
gujaf-148	112	58	their	their	PRON
gujaf-148	112	59	shareholders	shareholder	NOUN
gujaf-148	112	60	.	.	PUNCT
gujaf-148	113	1	they	they	PRON
gujaf-148	113	2	also	also	ADV
gujaf-148	113	3	showed	show	VERB
gujaf-148	113	4	that	that	DET
gujaf-148	113	5	good	good	ADJ
gujaf-148	113	6	governance	governance	NOUN
gujaf-148	113	7	as	as	SCONJ
gujaf-148	113	8	measured	measure	VERB
gujaf-148	113	9	using	use	VERB
gujaf-148	113	10	executive	executive	NOUN
gujaf-148	113	11	and	and	CCONJ
gujaf-148	113	12	director	director	NOUN
gujaf-148	113	13	compensation	compensation	NOUN
gujaf-148	113	14	is	be	AUX
gujaf-148	113	15	associated	associate	VERB
gujaf-148	113	16	with	with	ADP
gujaf-148	113	17	good	good	ADJ
gujaf-148	113	18	operating	operating	NOUN
gujaf-148	113	19	performance	performance	NOUN
gujaf-148	113	20	.	.	PUNCT
gujaf-148	114	1	to	to	PART
gujaf-148	114	2	determine	determine	VERB
gujaf-148	114	3	whether	whether	SCONJ
gujaf-148	114	4	there	there	PRON
gujaf-148	114	5	is	be	VERB
gujaf-148	114	6	a	a	DET
gujaf-148	114	7	correlation	correlation	NOUN
gujaf-148	114	8	between	between	ADP
gujaf-148	114	9	stock	stock	NOUN
gujaf-148	114	10	returns	return	NOUN
gujaf-148	114	11	and	and	CCONJ
gujaf-148	114	12	leverage	leverage	NOUN
gujaf-148	114	13	,	,	PUNCT
gujaf-148	114	14	muradoglu	muradoglu	NOUN
gujaf-148	114	15	and	and	CCONJ
gujaf-148	114	16	sivaprasad	sivaprasad	PROPN
gujaf-148	114	17	(	(	PUNCT
gujaf-148	114	18	2012	2012	NUM
gujaf-148	114	19	)	)	PUNCT
gujaf-148	114	20	empirically	empirically	ADV
gujaf-148	114	21	investigated	investigate	VERB
gujaf-148	114	22	the	the	DET
gujaf-148	114	23	effect	effect	NOUN
gujaf-148	114	24	of	of	ADP
gujaf-148	114	25	a	a	DET
gujaf-148	114	26	firm	firm	NOUN
gujaf-148	114	27	's	's	PART
gujaf-148	114	28	leverage	leverage	NOUN
gujaf-148	114	29	on	on	ADP
gujaf-148	114	30	stock	stock	NOUN
gujaf-148	114	31	returns	return	NOUN
gujaf-148	114	32	.	.	PUNCT
gujaf-148	115	1	we	we	PRON
gujaf-148	115	2	undertake	undertake	VERB
gujaf-148	115	3	our	our	PRON
gujaf-148	115	4	tests	test	NOUN
gujaf-148	115	5	based	base	VERB
gujaf-148	115	6	on	on	ADP
gujaf-148	115	7	the	the	DET
gujaf-148	115	8	explicit	explicit	ADJ
gujaf-148	115	9	valuation	valuation	NOUN
gujaf-148	115	10	model	model	NOUN
gujaf-148	115	11	of	of	ADP
gujaf-148	115	12	modigliani	modigliani	PROPN
gujaf-148	115	13	and	and	CCONJ
gujaf-148	115	14	miller	miller	PROPN
gujaf-148	115	15	(	(	PUNCT
gujaf-148	115	16	1958	1958	NUM
gujaf-148	115	17	)	)	PUNCT
gujaf-148	115	18	tested	test	VERB
gujaf-148	115	19	in	in	ADP
gujaf-148	115	20	the	the	DET
gujaf-148	115	21	utilities	utility	NOUN
gujaf-148	115	22	,	,	PUNCT
gujaf-148	115	23	oil	oil	NOUN
gujaf-148	115	24	,	,	PUNCT
gujaf-148	115	25	and	and	CCONJ
gujaf-148	115	26	gas	gas	NOUN
gujaf-148	115	27	industries	industry	NOUN
gujaf-148	115	28	.	.	PUNCT
gujaf-148	116	1	we	we	PRON
gujaf-148	116	2	test	test	VERB
gujaf-148	116	3	the	the	DET
gujaf-148	116	4	relationship	relationship	NOUN
gujaf-148	116	5	between	between	ADP
gujaf-148	116	6	leverage	leverage	NOUN
gujaf-148	116	7	and	and	CCONJ
gujaf-148	116	8	stock	stock	NOUN
gujaf-148	116	9	returns	return	NOUN
gujaf-148	116	10	in	in	ADP
gujaf-148	116	11	all	all	DET
gujaf-148	116	12	risk	risk	NOUN
gujaf-148	116	13	classes	class	NOUN
gujaf-148	116	14	.	.	PUNCT
gujaf-148	117	1	for	for	ADP
gujaf-148	117	2	utilities	utility	NOUN
gujaf-148	117	3	,	,	PUNCT
gujaf-148	117	4	returns	return	NOUN
gujaf-148	117	5	increase	increase	VERB
gujaf-148	117	6	in	in	ADP
gujaf-148	117	7	leverage	leverage	NOUN
gujaf-148	117	8	.	.	PUNCT
gujaf-148	118	1	this	this	PRON
gujaf-148	118	2	is	be	AUX
gujaf-148	118	3	consistent	consistent	ADJ
gujaf-148	118	4	with	with	ADP
gujaf-148	118	5	the	the	DET
gujaf-148	118	6	findings	finding	NOUN
gujaf-148	118	7	of	of	ADP
gujaf-148	118	8	modigliani	modigliani	PROPN
gujaf-148	118	9	and	and	CCONJ
gujaf-148	118	10	miller	miller	PROPN
gujaf-148	118	11	(	(	PUNCT
gujaf-148	118	12	1958	1958	NUM
gujaf-148	118	13	)	)	PUNCT
gujaf-148	118	14	.	.	PUNCT
gujaf-148	119	1	for	for	ADP
gujaf-148	119	2	other	other	ADJ
gujaf-148	119	3	risk	risk	NOUN
gujaf-148	119	4	classes	class	NOUN
gujaf-148	119	5	the	the	DET
gujaf-148	119	6	relationship	relationship	NOUN
gujaf-148	119	7	is	be	AUX
gujaf-148	119	8	negative	negative	ADJ
gujaf-148	119	9	consistent	consistent	ADJ
gujaf-148	119	10	with	with	ADP
gujaf-148	119	11	the	the	DET
gujaf-148	119	12	recent	recent	ADJ
gujaf-148	119	13	work	work	NOUN
gujaf-148	119	14	of	of	ADP
gujaf-148	119	15	korteweg	korteweg	NOUN
gujaf-148	119	16	(	(	PUNCT
gujaf-148	119	17	2004	2004	NUM
gujaf-148	119	18	)	)	PUNCT
gujaf-148	119	19	,	,	PUNCT
gujaf-148	119	20	dimitrov	dimitrov	PROPN
gujaf-148	119	21	and	and	CCONJ
gujaf-148	119	22	jain	jain	PROPN
gujaf-148	119	23	(	(	PUNCT
gujaf-148	119	24	2005	2005	NUM
gujaf-148	119	25	)	)	PUNCT
gujaf-148	119	26	,	,	PUNCT
gujaf-148	119	27	and	and	CCONJ
gujaf-148	119	28	penman	penman	NOUN
gujaf-148	119	29	(	(	PUNCT
gujaf-148	119	30	2007	2007	NUM
gujaf-148	119	31	)	)	PUNCT
gujaf-148	119	32	in	in	ADP
gujaf-148	119	33	the	the	DET
gujaf-148	119	34	cross	cross	NOUN
gujaf-148	119	35	-	-	NOUN
gujaf-148	119	36	section	section	NOUN
gujaf-148	119	37	of	of	ADP
gujaf-148	119	38	all	all	DET
gujaf-148	119	39	firms	firm	NOUN
gujaf-148	119	40	.	.	PUNCT
gujaf-148	120	1	results	result	NOUN
gujaf-148	120	2	are	be	AUX
gujaf-148	120	3	robust	robust	ADJ
gujaf-148	120	4	to	to	ADP
gujaf-148	120	5	other	other	ADJ
gujaf-148	120	6	risk	risk	NOUN
gujaf-148	120	7	factors	factor	NOUN
gujaf-148	120	8	.	.	PUNCT
gujaf-148	121	1	theory	theory	NOUN
gujaf-148	121	2	of	of	ADP
gujaf-148	121	3	agency	agency	PROPN
gujaf-148	121	4	the	the	DET
gujaf-148	121	5	agency	agency	NOUN
gujaf-148	121	6	theory	theory	NOUN
gujaf-148	121	7	,	,	PUNCT
gujaf-148	121	8	propounded	propound	VERB
gujaf-148	121	9	by	by	ADP
gujaf-148	121	10	berles	berle	NOUN
gujaf-148	121	11	and	and	CCONJ
gujaf-148	121	12	means	mean	NOUN
gujaf-148	121	13	(	(	PUNCT
gujaf-148	121	14	1936	1936	NUM
gujaf-148	121	15	)	)	PUNCT
gujaf-148	121	16	,	,	PUNCT
gujaf-148	121	17	contends	contend	VERB
gujaf-148	121	18	that	that	SCONJ
gujaf-148	121	19	high	high	ADJ
gujaf-148	121	20	levels	level	NOUN
gujaf-148	121	21	of	of	ADP
gujaf-148	121	22	corporate	corporate	ADJ
gujaf-148	121	23	governance	governance	NOUN
gujaf-148	121	24	make	make	VERB
gujaf-148	121	25	businesses	business	NOUN
gujaf-148	121	26	less	less	ADV
gujaf-148	121	27	risky	risky	ADJ
gujaf-148	121	28	,	,	PUNCT
gujaf-148	121	29	more	more	ADV
gujaf-148	121	30	efficient	efficient	ADJ
gujaf-148	121	31	,	,	PUNCT
gujaf-148	121	32	and	and	CCONJ
gujaf-148	121	33	not	not	PART
gujaf-148	121	34	quite	quite	ADV
gujaf-148	121	35	expensive	expensive	ADJ
gujaf-148	121	36	to	to	PART
gujaf-148	121	37	audit	audit	VERB
gujaf-148	121	38	and	and	CCONJ
gujaf-148	121	39	monitor	monitor	VERB
gujaf-148	121	40	.	.	PUNCT
gujaf-148	122	1	it	it	PRON
gujaf-148	122	2	posits	posit	VERB
gujaf-148	122	3	that	that	SCONJ
gujaf-148	122	4	higher	high	ADJ
gujaf-148	122	5	expectations	expectation	NOUN
gujaf-148	122	6	of	of	ADP
gujaf-148	122	7	cash	cash	NOUN
gujaf-148	122	8	flow	flow	NOUN
gujaf-148	122	9	and	and	CCONJ
gujaf-148	122	10	a	a	DET
gujaf-148	122	11	lower	low	ADJ
gujaf-148	122	12	cost	cost	NOUN
gujaf-148	122	13	of	of	ADP
gujaf-148	122	14	capital	capital	NOUN
gujaf-148	122	15	result	result	NOUN
gujaf-148	122	16	in	in	ADP
gujaf-148	122	17	quality	quality	NOUN
gujaf-148	122	18	firm	firm	NOUN
gujaf-148	122	19	value	value	NOUN
gujaf-148	122	20	and	and	CCONJ
gujaf-148	122	21	better	well	ADJ
gujaf-148	122	22	output	output	NOUN
gujaf-148	122	23	.	.	PUNCT
gujaf-148	123	1	the	the	DET
gujaf-148	123	2	theory	theory	NOUN
gujaf-148	123	3	contends	contend	VERB
gujaf-148	123	4	that	that	SCONJ
gujaf-148	123	5	improved	improve	VERB
gujaf-148	123	6	transparency	transparency	NOUN
gujaf-148	123	7	,	,	PUNCT
gujaf-148	123	8	better	well	ADJ
gujaf-148	123	9	oversight	oversight	NOUN
gujaf-148	123	10	,	,	PUNCT
gujaf-148	123	11	and	and	CCONJ
gujaf-148	123	12	transparency	transparency	NOUN
gujaf-148	123	13	among	among	ADP
gujaf-148	123	14	the	the	DET
gujaf-148	123	15	principal	principal	NOUN
gujaf-148	123	16	and	and	CCONJ
gujaf-148	123	17	agent	agent	NOUN
gujaf-148	123	18	are	be	AUX
gujaf-148	123	19	outcomes	outcome	NOUN
gujaf-148	123	20	of	of	ADP
gujaf-148	123	21	a	a	DET
gujaf-148	123	22	good	good	ADJ
gujaf-148	123	23	corporate	corporate	ADJ
gujaf-148	123	24	governance	governance	NOUN
gujaf-148	123	25	framework	framework	NOUN
gujaf-148	123	26	.	.	PUNCT
gujaf-148	124	1	the	the	DET
gujaf-148	124	2	agency	agency	NOUN
gujaf-148	124	3	philosophy	philosophy	NOUN
gujaf-148	124	4	states	state	VERB
gujaf-148	124	5	that	that	SCONJ
gujaf-148	124	6	since	since	SCONJ
gujaf-148	124	7	agency	agency	NOUN
gujaf-148	124	8	costs	cost	NOUN
gujaf-148	124	9	are	be	AUX
gujaf-148	124	10	reduced	reduce	VERB
gujaf-148	124	11	when	when	SCONJ
gujaf-148	124	12	managers	manager	NOUN
gujaf-148	124	13	are	be	AUX
gujaf-148	124	14	well	well	ADV
gujaf-148	124	15	supervised	supervised	ADJ
gujaf-148	124	16	,	,	PUNCT
gujaf-148	124	17	increased	increase	VERB
gujaf-148	124	18	corporate	corporate	ADJ
gujaf-148	124	19	control	control	NOUN
gujaf-148	124	20	will	will	AUX
gujaf-148	124	21	lead	lead	VERB
gujaf-148	124	22	to	to	ADP
gujaf-148	124	23	higher	high	ADJ
gujaf-148	124	24	and	and	CCONJ
gujaf-148	124	25	better	well	ADJ
gujaf-148	124	26	stock	stock	NOUN
gujaf-148	124	27	prices	price	NOUN
gujaf-148	124	28	in	in	ADP
gujaf-148	124	29	the	the	DET
gujaf-148	124	30	long	long	ADJ
gujaf-148	124	31	term	term	NOUN
gujaf-148	124	32	.	.	PUNCT
gujaf-148	125	1	this	this	DET
gujaf-148	125	2	hypothesis	hypothesis	NOUN
gujaf-148	125	3	that	that	PRON
gujaf-148	125	4	stronger	strong	ADJ
gujaf-148	125	5	corporate	corporate	ADJ
gujaf-148	125	6	governance	governance	NOUN
gujaf-148	125	7	should	should	AUX
gujaf-148	125	8	result	result	VERB
gujaf-148	125	9	in	in	ADP
gujaf-148	125	10	higher	high	ADJ
gujaf-148	125	11	stock	stock	NOUN
gujaf-148	125	12	prices	price	NOUN
gujaf-148	125	13	or	or	CCONJ
gujaf-148	125	14	better	well	ADJ
gujaf-148	125	15	long	long	ADJ
gujaf-148	125	16	-	-	PUNCT
gujaf-148	125	17	term	term	NOUN
gujaf-148	125	18	performance	performance	NOUN
gujaf-148	125	19	because	because	SCONJ
gujaf-148	125	20	when	when	SCONJ
gujaf-148	125	21	managers	manager	NOUN
gujaf-148	125	22	are	be	AUX
gujaf-148	125	23	properly	properly	ADV
gujaf-148	125	24	overseen	overseen	ADJ
gujaf-148	125	25	,	,	PUNCT
gujaf-148	125	26	agency	agency	NOUN
gujaf-148	125	27	costs	cost	NOUN
gujaf-148	125	28	are	be	AUX
gujaf-148	125	29	decreased	decrease	VERB
gujaf-148	125	30	and	and	CCONJ
gujaf-148	125	31	profit	profit	NOUN
gujaf-148	125	32	is	be	AUX
gujaf-148	125	33	maximized	maximize	VERB
gujaf-148	125	34	is	be	AUX
gujaf-148	125	35	the	the	DET
gujaf-148	125	36	theory	theory	NOUN
gujaf-148	125	37	that	that	PRON
gujaf-148	125	38	serves	serve	VERB
gujaf-148	125	39	as	as	ADP
gujaf-148	125	40	the	the	DET
gujaf-148	125	41	basis	basis	NOUN
gujaf-148	125	42	for	for	ADP
gujaf-148	125	43	this	this	DET
gujaf-148	125	44	study	study	NOUN
gujaf-148	125	45	.	.	PUNCT
gujaf-148	126	1	demsetz	demsetz	PROPN
gujaf-148	126	2	(	(	PUNCT
gujaf-148	126	3	1983	1983	NUM
gujaf-148	126	4	)	)	PUNCT
gujaf-148	126	5	and	and	CCONJ
gujaf-148	126	6	fama	fama	PROPN
gujaf-148	126	7	and	and	CCONJ
gujaf-148	126	8	jensen	jensen	PROPN
gujaf-148	126	9	(	(	PUNCT
gujaf-148	126	10	1983	1983	NUM
gujaf-148	126	11	)	)	PUNCT
gujaf-148	126	12	introduced	introduce	VERB
gujaf-148	126	13	the	the	DET
gujaf-148	126	14	managerial	managerial	ADJ
gujaf-148	126	15	entrenchment	entrenchment	NOUN
gujaf-148	126	16	theory	theory	NOUN
gujaf-148	126	17	,	,	PUNCT
gujaf-148	126	18	which	which	PRON
gujaf-148	126	19	suggested	suggest	VERB
gujaf-148	126	20	balancing	balance	VERB
gujaf-148	126	21	the	the	DET
gujaf-148	126	22	costs	cost	NOUN
gujaf-148	126	23	of	of	ADP
gujaf-148	126	24	strong	strong	ADJ
gujaf-148	126	25	management	management	NOUN
gujaf-148	126	26	ownership	ownership	NOUN
gujaf-148	126	27	.	.	PUNCT
gujaf-148	127	1	this	this	DET
gujaf-148	127	2	idea	idea	NOUN
gujaf-148	127	3	holds	hold	VERB
gujaf-148	127	4	that	that	SCONJ
gujaf-148	127	5	a	a	DET
gujaf-148	127	6	corporation	corporation	NOUN
gujaf-148	127	7	will	will	AUX
gujaf-148	127	8	be	be	AUX
gujaf-148	127	9	of	of	ADP
gujaf-148	127	10	lesser	less	ADJ
gujaf-148	127	11	value	value	NOUN
gujaf-148	127	12	if	if	SCONJ
gujaf-148	127	13	managers	manager	NOUN
gujaf-148	127	14	with	with	ADP
gujaf-148	127	15	high	high	ADJ
gujaf-148	127	16	stakes	stake	NOUN
gujaf-148	127	17	have	have	VERB
gujaf-148	127	18	adequate	adequate	ADJ
gujaf-148	127	19	voting	voting	NOUN
gujaf-148	127	20	power	power	NOUN
gujaf-148	127	21	to	to	PART
gujaf-148	127	22	maintain	maintain	VERB
gujaf-148	127	23	their	their	PRON
gujaf-148	127	24	cadre	cadre	NOUN
gujaf-148	127	25	within	within	ADP
gujaf-148	127	26	the	the	DET
gujaf-148	127	27	organization	organization	NOUN
gujaf-148	127	28	.	.	PUNCT
gujaf-148	128	1	a	a	DET
gujaf-148	128	2	manager	manager	NOUN
gujaf-148	128	3	with	with	ADP
gujaf-148	128	4	large	large	ADJ
gujaf-148	128	5	ownership	ownership	NOUN
gujaf-148	128	6	can	can	AUX
gujaf-148	128	7	protect	protect	VERB
gujaf-148	128	8	himself	himself	PRON
gujaf-148	128	9	from	from	ADP
gujaf-148	128	10	market	market	NOUN
gujaf-148	128	11	fumbles	fumble	NOUN
gujaf-148	128	12	like	like	ADP
gujaf-148	128	13	the	the	DET
gujaf-148	128	14	potential	potential	NOUN
gujaf-148	128	15	for	for	ADP
gujaf-148	128	16	a	a	DET
gujaf-148	128	17	takeover	takeover	NOUN
gujaf-148	128	18	or	or	CCONJ
gujaf-148	128	19	the	the	DET
gujaf-148	128	20	managerial	managerial	ADJ
gujaf-148	128	21	labor	labor	NOUN
gujaf-148	128	22	market	market	NOUN
gujaf-148	128	23	.	.	PUNCT
gujaf-148	129	1	8	8	NUM
gujaf-148	129	2	management	management	NOUN
gujaf-148	129	3	with	with	ADP
gujaf-148	129	4	fewer	few	ADJ
gujaf-148	129	5	shares	share	NOUN
gujaf-148	129	6	can	can	AUX
gujaf-148	129	7	be	be	AUX
gujaf-148	129	8	influenced	influence	VERB
gujaf-148	129	9	by	by	ADP
gujaf-148	129	10	market	market	NOUN
gujaf-148	129	11	actions	action	NOUN
gujaf-148	129	12	to	to	PART
gujaf-148	129	13	optimize	optimize	VERB
gujaf-148	129	14	firm	firm	ADJ
gujaf-148	129	15	value	value	NOUN
gujaf-148	129	16	.	.	PUNCT
gujaf-148	130	1	when	when	SCONJ
gujaf-148	130	2	managers	manager	NOUN
gujaf-148	130	3	lack	lack	VERB
gujaf-148	130	4	sufficient	sufficient	ADJ
gujaf-148	130	5	investments	investment	NOUN
gujaf-148	130	6	in	in	ADP
gujaf-148	130	7	the	the	DET
gujaf-148	130	8	form	form	NOUN
gujaf-148	130	9	of	of	ADP
gujaf-148	130	10	equity	equity	NOUN
gujaf-148	130	11	and	and	CCONJ
gujaf-148	130	12	shareholders	shareholder	NOUN
gujaf-148	130	13	are	be	AUX
gujaf-148	130	14	too	too	ADV
gujaf-148	130	15	dispersed	disperse	VERB
gujaf-148	130	16	to	to	PART
gujaf-148	130	17	take	take	VERB
gujaf-148	130	18	action	action	NOUN
gujaf-148	130	19	against	against	ADP
gujaf-148	130	20	unattractive	unattractive	ADJ
gujaf-148	130	21	investments	investment	NOUN
gujaf-148	130	22	,	,	PUNCT
gujaf-148	130	23	insiders	insider	NOUN
gujaf-148	130	24	may	may	AUX
gujaf-148	130	25	use	use	VERB
gujaf-148	130	26	corporate	corporate	ADJ
gujaf-148	130	27	operations	operation	NOUN
gujaf-148	130	28	to	to	PART
gujaf-148	130	29	obtain	obtain	VERB
gujaf-148	130	30	personal	personal	ADJ
gujaf-148	130	31	fringes	fringe	NOUN
gujaf-148	130	32	like	like	ADP
gujaf-148	130	33	shirking	shirking	NOUN
gujaf-148	130	34	and	and	CCONJ
gujaf-148	130	35	perk	perk	NOUN
gujaf-148	130	36	expenditures	expenditure	NOUN
gujaf-148	130	37	(	(	PUNCT
gujaf-148	130	38	farinha	farinha	NOUN
gujaf-148	130	39	,	,	PUNCT
gujaf-148	130	40	2003	2003	NUM
gujaf-148	130	41	)	)	PUNCT
gujaf-148	130	42	.	.	PUNCT
gujaf-148	131	1	giving	give	VERB
gujaf-148	131	2	a	a	DET
gujaf-148	131	3	company	company	NOUN
gujaf-148	131	4	's	's	PART
gujaf-148	131	5	management	management	NOUN
gujaf-148	131	6	ownership	ownership	NOUN
gujaf-148	131	7	might	might	AUX
gujaf-148	131	8	give	give	VERB
gujaf-148	131	9	them	they	PRON
gujaf-148	131	10	more	more	ADJ
gujaf-148	131	11	sway	sway	NOUN
gujaf-148	131	12	in	in	ADP
gujaf-148	131	13	voting	voting	NOUN
gujaf-148	131	14	decisions	decision	NOUN
gujaf-148	131	15	,	,	PUNCT
gujaf-148	131	16	which	which	PRON
gujaf-148	131	17	would	would	AUX
gujaf-148	131	18	make	make	VERB
gujaf-148	131	19	their	their	PRON
gujaf-148	131	20	workplace	workplace	NOUN
gujaf-148	131	21	safer	safe	ADJ
gujaf-148	131	22	.	.	PUNCT
gujaf-148	132	1	they	they	PRON
gujaf-148	132	2	are	be	AUX
gujaf-148	132	3	thereby	thereby	ADV
gujaf-148	132	4	safeguarded	safeguard	VERB
gujaf-148	132	5	from	from	ADP
gujaf-148	132	6	takeover	takeover	NOUN
gujaf-148	132	7	bids	bid	NOUN
gujaf-148	132	8	and	and	CCONJ
gujaf-148	132	9	the	the	DET
gujaf-148	132	10	current	current	ADJ
gujaf-148	132	11	management	management	NOUN
gujaf-148	132	12	market	market	NOUN
gujaf-148	132	13	.	.	PUNCT
gujaf-148	133	1	as	as	ADP
gujaf-148	133	2	a	a	DET
gujaf-148	133	3	result	result	NOUN
gujaf-148	133	4	,	,	PUNCT
gujaf-148	133	5	managers	manager	NOUN
gujaf-148	133	6	frequently	frequently	ADV
gujaf-148	133	7	run	run	VERB
gujaf-148	133	8	the	the	DET
gujaf-148	133	9	danger	danger	NOUN
gujaf-148	133	10	of	of	ADP
gujaf-148	133	11	being	be	AUX
gujaf-148	133	12	sacked	sack	VERB
gujaf-148	133	13	by	by	ADP
gujaf-148	133	14	making	make	VERB
gujaf-148	133	15	themselves	themselves	PRON
gujaf-148	133	16	so	so	ADV
gujaf-148	133	17	irrelevant	irrelevant	ADJ
gujaf-148	133	18	that	that	SCONJ
gujaf-148	133	19	losing	lose	VERB
gujaf-148	133	20	them	they	PRON
gujaf-148	133	21	would	would	AUX
gujaf-148	133	22	jeopardize	jeopardize	VERB
gujaf-148	133	23	the	the	DET
gujaf-148	133	24	business	business	NOUN
gujaf-148	133	25	.	.	PUNCT
gujaf-148	134	1	a	a	DET
gujaf-148	134	2	manager	manager	NOUN
gujaf-148	134	3	receives	receive	VERB
gujaf-148	134	4	motivation	motivation	NOUN
gujaf-148	134	5	when	when	SCONJ
gujaf-148	134	6	he	he	PRON
gujaf-148	134	7	invests	invest	VERB
gujaf-148	134	8	the	the	DET
gujaf-148	134	9	entity	entity	NOUN
gujaf-148	134	10	's	's	PART
gujaf-148	134	11	resources	resource	NOUN
gujaf-148	134	12	in	in	ADP
gujaf-148	134	13	assets	asset	NOUN
gujaf-148	134	14	whose	whose	DET
gujaf-148	134	15	value	value	NOUN
gujaf-148	134	16	is	be	AUX
gujaf-148	134	17	higher	high	ADJ
gujaf-148	134	18	under	under	ADP
gujaf-148	134	19	him	he	PRON
gujaf-148	134	20	than	than	ADP
gujaf-148	134	21	under	under	ADP
gujaf-148	134	22	the	the	DET
gujaf-148	134	23	best	good	ADJ
gujaf-148	134	24	alternative	alternative	ADJ
gujaf-148	134	25	manager	manager	NOUN
gujaf-148	134	26	,	,	PUNCT
gujaf-148	134	27	even	even	ADV
gujaf-148	134	28	if	if	SCONJ
gujaf-148	134	29	such	such	ADJ
gujaf-148	134	30	investments	investment	NOUN
gujaf-148	134	31	do	do	AUX
gujaf-148	134	32	not	not	PART
gujaf-148	134	33	maximize	maximize	VERB
gujaf-148	134	34	value	value	NOUN
gujaf-148	134	35	(	(	PUNCT
gujaf-148	134	36	shleifer	shleifer	NOUN
gujaf-148	134	37	,	,	PUNCT
gujaf-148	134	38	1989	1989	NUM
gujaf-148	134	39	)	)	PUNCT
gujaf-148	134	40	agency	agency	NOUN
gujaf-148	134	41	costs	cost	NOUN
gujaf-148	134	42	arise	arise	VERB
gujaf-148	134	43	when	when	SCONJ
gujaf-148	134	44	a	a	DET
gujaf-148	134	45	company	company	NOUN
gujaf-148	134	46	's	's	PART
gujaf-148	134	47	ownership	ownership	NOUN
gujaf-148	134	48	and	and	CCONJ
gujaf-148	134	49	control	control	NOUN
gujaf-148	134	50	are	be	AUX
gujaf-148	134	51	divided	divide	VERB
gujaf-148	134	52	.	.	PUNCT
gujaf-148	135	1	we	we	PRON
gujaf-148	135	2	employ	employ	VERB
gujaf-148	135	3	this	this	DET
gujaf-148	135	4	concept	concept	NOUN
gujaf-148	135	5	in	in	ADP
gujaf-148	135	6	the	the	DET
gujaf-148	135	7	research	research	NOUN
gujaf-148	135	8	because	because	SCONJ
gujaf-148	135	9	we	we	PRON
gujaf-148	135	10	anticipate	anticipate	VERB
gujaf-148	135	11	managers	manager	NOUN
gujaf-148	135	12	who	who	PRON
gujaf-148	135	13	own	own	VERB
gujaf-148	135	14	a	a	DET
gujaf-148	135	15	sizable	sizable	ADJ
gujaf-148	135	16	portion	portion	NOUN
gujaf-148	135	17	of	of	ADP
gujaf-148	135	18	the	the	DET
gujaf-148	135	19	company	company	NOUN
gujaf-148	135	20	's	's	PART
gujaf-148	135	21	stock	stock	NOUN
gujaf-148	135	22	to	to	PART
gujaf-148	135	23	profit	profit	VERB
gujaf-148	135	24	personally	personally	ADV
gujaf-148	135	25	from	from	ADP
gujaf-148	135	26	opportunities	opportunity	NOUN
gujaf-148	135	27	.	.	PUNCT
gujaf-148	136	1	as	as	ADP
gujaf-148	136	2	a	a	DET
gujaf-148	136	3	result	result	NOUN
gujaf-148	136	4	,	,	PUNCT
gujaf-148	136	5	stock	stock	NOUN
gujaf-148	136	6	prices	price	NOUN
gujaf-148	136	7	are	be	AUX
gujaf-148	136	8	subject	subject	ADJ
gujaf-148	136	9	to	to	ADP
gujaf-148	136	10	ups	up	NOUN
gujaf-148	136	11	and	and	CCONJ
gujaf-148	136	12	downs	down	NOUN
gujaf-148	136	13	.	.	PUNCT
gujaf-148	137	1	3	3	X
gujaf-148	137	2	.	.	X
gujaf-148	137	3	methodology	methodology	NOUN
gujaf-148	137	4	and	and	CCONJ
gujaf-148	137	5	model	model	NOUN
gujaf-148	137	6	requirements	requirement	NOUN
gujaf-148	137	7	the	the	DET
gujaf-148	137	8	ex	ex	NOUN
gujaf-148	137	9	-	-	ADJ
gujaf-148	137	10	post	post	ADJ
gujaf-148	137	11	facto	facto	X
gujaf-148	137	12	research	research	NOUN
gujaf-148	137	13	strategy	strategy	NOUN
gujaf-148	137	14	was	be	AUX
gujaf-148	137	15	chosen	choose	VERB
gujaf-148	137	16	for	for	ADP
gujaf-148	137	17	this	this	DET
gujaf-148	137	18	study	study	NOUN
gujaf-148	137	19	in	in	ADP
gujaf-148	137	20	accordance	accordance	NOUN
gujaf-148	137	21	with	with	ADP
gujaf-148	137	22	gujarati	gujarati	PROPN
gujaf-148	137	23	's	's	PART
gujaf-148	137	24	(	(	PUNCT
gujaf-148	137	25	2003	2003	NUM
gujaf-148	137	26	)	)	PUNCT
gujaf-148	137	27	assertion	assertion	NOUN
gujaf-148	137	28	that	that	SCONJ
gujaf-148	137	29	it	it	PRON
gujaf-148	137	30	is	be	AUX
gujaf-148	137	31	one	one	NUM
gujaf-148	137	32	of	of	ADP
gujaf-148	137	33	the	the	DET
gujaf-148	137	34	best	good	ADJ
gujaf-148	137	35	research	research	NOUN
gujaf-148	137	36	methods	method	NOUN
gujaf-148	137	37	for	for	ADP
gujaf-148	137	38	finding	find	VERB
gujaf-148	137	39	the	the	DET
gujaf-148	137	40	cause	cause	VERB
gujaf-148	137	41	-	-	PUNCT
gujaf-148	137	42	and	and	CCONJ
gujaf-148	137	43	-	-	PUNCT
gujaf-148	137	44	effect	effect	NOUN
gujaf-148	137	45	relationship	relationship	NOUN
gujaf-148	137	46	between	between	ADP
gujaf-148	137	47	the	the	DET
gujaf-148	137	48	independent	independent	ADJ
gujaf-148	137	49	and	and	CCONJ
gujaf-148	137	50	dependent	dependent	ADJ
gujaf-148	137	51	variables	variable	NOUN
gujaf-148	137	52	in	in	ADP
gujaf-148	137	53	order	order	NOUN
gujaf-148	137	54	to	to	PART
gujaf-148	137	55	demonstrate	demonstrate	VERB
gujaf-148	137	56	a	a	DET
gujaf-148	137	57	causal	causal	ADJ
gujaf-148	137	58	link	link	NOUN
gujaf-148	137	59	among	among	ADP
gujaf-148	137	60	them	they	PRON
gujaf-148	137	61	.	.	PUNCT
gujaf-148	138	1	the	the	DET
gujaf-148	138	2	study	study	NOUN
gujaf-148	138	3	involves	involve	VERB
gujaf-148	138	4	four	four	NUM
gujaf-148	138	5	(	(	PUNCT
gujaf-148	138	6	4	4	NUM
gujaf-148	138	7	)	)	PUNCT
gujaf-148	138	8	construction	construction	NOUN
gujaf-148	138	9	and	and	CCONJ
gujaf-148	138	10	real	real	ADJ
gujaf-148	138	11	estate	estate	NOUN
gujaf-148	138	12	companies	company	NOUN
gujaf-148	138	13	and	and	CCONJ
gujaf-148	138	14	twelve	twelve	NUM
gujaf-148	138	15	(	(	PUNCT
gujaf-148	138	16	12	12	NUM
gujaf-148	138	17	)	)	PUNCT
gujaf-148	138	18	commercial	commercial	ADJ
gujaf-148	138	19	banks	bank	NOUN
gujaf-148	138	20	listed	list	VERB
gujaf-148	138	21	on	on	ADP
gujaf-148	138	22	the	the	DET
gujaf-148	138	23	nigerian	nigerian	ADJ
gujaf-148	138	24	stock	stock	NOUN
gujaf-148	138	25	exchange	exchange	NOUN
gujaf-148	138	26	between	between	ADP
gujaf-148	138	27	2006	2006	NUM
gujaf-148	138	28	and	and	CCONJ
gujaf-148	138	29	2019	2019	NUM
gujaf-148	138	30	.	.	PUNCT
gujaf-148	139	1	in	in	ADP
gujaf-148	139	2	this	this	DET
gujaf-148	139	3	work	work	NOUN
gujaf-148	139	4	,	,	PUNCT
gujaf-148	139	5	the	the	DET
gujaf-148	139	6	effect	effect	NOUN
gujaf-148	139	7	of	of	ADP
gujaf-148	139	8	heteroskedasticity	heteroskedasticity	NOUN
gujaf-148	139	9	that	that	PRON
gujaf-148	139	10	can	can	AUX
gujaf-148	139	11	be	be	AUX
gujaf-148	139	12	attributed	attribute	VERB
gujaf-148	139	13	to	to	ADP
gujaf-148	139	14	temporal	temporal	ADJ
gujaf-148	139	15	and	and	CCONJ
gujaf-148	139	16	cross	cross	ADJ
gujaf-148	139	17	-	-	ADJ
gujaf-148	139	18	sectional	sectional	ADJ
gujaf-148	139	19	effects	effect	NOUN
gujaf-148	139	20	in	in	ADP
gujaf-148	139	21	the	the	DET
gujaf-148	139	22	data	datum	NOUN
gujaf-148	139	23	set	set	VERB
gujaf-148	139	24	was	be	AUX
gujaf-148	139	25	addressed	address	VERB
gujaf-148	139	26	using	use	VERB
gujaf-148	139	27	the	the	DET
gujaf-148	139	28	robust	robust	ADJ
gujaf-148	139	29	least	least	ADJ
gujaf-148	139	30	square	square	ADJ
gujaf-148	139	31	panel	panel	NOUN
gujaf-148	139	32	regression	regression	NOUN
gujaf-148	139	33	.	.	PUNCT
gujaf-148	140	1	numerous	numerous	ADJ
gujaf-148	140	2	robustness	robustness	NOUN
gujaf-148	140	3	tests	test	NOUN
gujaf-148	140	4	are	be	AUX
gujaf-148	140	5	run	run	VERB
gujaf-148	140	6	on	on	ADP
gujaf-148	140	7	the	the	DET
gujaf-148	140	8	data	datum	NOUN
gujaf-148	140	9	,	,	PUNCT
gujaf-148	140	10	including	include	VERB
gujaf-148	140	11	tests	test	NOUN
gujaf-148	140	12	for	for	ADP
gujaf-148	140	13	multicollinearity	multicollinearity	NOUN
gujaf-148	140	14	,	,	PUNCT
gujaf-148	140	15	heteroskedasticity	heteroskedasticity	NOUN
gujaf-148	140	16	,	,	PUNCT
gujaf-148	140	17	residual	residual	ADJ
gujaf-148	140	18	normality	normality	NOUN
gujaf-148	140	19	,	,	PUNCT
gujaf-148	140	20	and	and	CCONJ
gujaf-148	140	21	correlation	correlation	NOUN
gujaf-148	140	22	matrix	matrix	NOUN
gujaf-148	140	23	normality	normality	NOUN
gujaf-148	140	24	.	.	PUNCT
gujaf-148	141	1	the	the	DET
gujaf-148	141	2	estimation	estimation	NOUN
gujaf-148	141	3	results	result	NOUN
gujaf-148	141	4	were	be	AUX
gujaf-148	141	5	assessed	assess	VERB
gujaf-148	141	6	using	use	VERB
gujaf-148	141	7	respective	respective	ADJ
gujaf-148	141	8	significance	significance	NOUN
gujaf-148	141	9	tests	test	NOUN
gujaf-148	141	10	(	(	PUNCT
gujaf-148	141	11	t	t	NOUN
gujaf-148	141	12	-	-	PUNCT
gujaf-148	141	13	tests	test	NOUN
gujaf-148	141	14	)	)	PUNCT
gujaf-148	141	15	and	and	CCONJ
gujaf-148	141	16	overall	overall	ADJ
gujaf-148	141	17	statistical	statistical	ADJ
gujaf-148	141	18	significance	significance	NOUN
gujaf-148	141	19	tests	test	NOUN
gujaf-148	141	20	(	(	PUNCT
gujaf-148	141	21	f	f	NOUN
gujaf-148	141	22	-	-	PUNCT
gujaf-148	141	23	tests	test	NOUN
gujaf-148	141	24	)	)	PUNCT
gujaf-148	141	25	,	,	PUNCT
gujaf-148	141	26	and	and	CCONJ
gujaf-148	141	27	the	the	DET
gujaf-148	141	28	coefficient	coefficient	NOUN
gujaf-148	141	29	of	of	ADP
gujaf-148	141	30	determination	determination	NOUN
gujaf-148	141	31	was	be	AUX
gujaf-148	141	32	used	use	VERB
gujaf-148	141	33	to	to	PART
gujaf-148	141	34	gauge	gauge	VERB
gujaf-148	141	35	how	how	SCONJ
gujaf-148	141	36	well	well	ADV
gujaf-148	141	37	the	the	DET
gujaf-148	141	38	model	model	NOUN
gujaf-148	141	39	fit	fit	VERB
gujaf-148	141	40	the	the	DET
gujaf-148	141	41	data	datum	NOUN
gujaf-148	141	42	(	(	PUNCT
gujaf-148	141	43	r	r	NOUN
gujaf-148	141	44	-	-	PUNCT
gujaf-148	141	45	squared	square	VERB
gujaf-148	141	46	)	)	PUNCT
gujaf-148	141	47	.	.	PUNCT
gujaf-148	142	1	the	the	DET
gujaf-148	142	2	analysis	analysis	NOUN
gujaf-148	142	3	was	be	AUX
gujaf-148	142	4	carried	carry	VERB
gujaf-148	142	5	out	out	ADP
gujaf-148	142	6	using	use	VERB
gujaf-148	142	7	the	the	DET
gujaf-148	142	8	stata	stata	NOUN
gujaf-148	142	9	14	14	NUM
gujaf-148	142	10	software	software	NOUN
gujaf-148	142	11	suite	suite	NOUN
gujaf-148	142	12	.	.	PUNCT
gujaf-148	143	1	in	in	ADP
gujaf-148	143	2	order	order	NOUN
gujaf-148	143	3	to	to	PART
gujaf-148	143	4	create	create	VERB
gujaf-148	143	5	a	a	DET
gujaf-148	143	6	model	model	NOUN
gujaf-148	143	7	for	for	ADP
gujaf-148	143	8	this	this	DET
gujaf-148	143	9	study	study	NOUN
gujaf-148	143	10	,	,	PUNCT
gujaf-148	143	11	we	we	PRON
gujaf-148	143	12	adopted	adopt	VERB
gujaf-148	143	13	and	and	CCONJ
gujaf-148	143	14	modified	modify	VERB
gujaf-148	143	15	the	the	DET
gujaf-148	143	16	model	model	NOUN
gujaf-148	143	17	from	from	ADP
gujaf-148	143	18	akinkoye	akinkoye	PROPN
gujaf-148	143	19	adedeji	adedeji	NOUN
gujaf-148	143	20	adelabu	adelabu	NOUN
gujaf-148	143	21	and	and	CCONJ
gujaf-148	143	22	akinadewo	akinadewo	PROPN
gujaf-148	143	23	(	(	PUNCT
gujaf-148	143	24	2015	2015	NUM
gujaf-148	143	25	)	)	PUNCT
gujaf-148	143	26	.	.	PUNCT
gujaf-148	144	1	here	here	ADV
gujaf-148	144	2	is	be	AUX
gujaf-148	144	3	what	what	PRON
gujaf-148	144	4	is	be	AUX
gujaf-148	144	5	said	say	VERB
gujaf-148	144	6	.	.	PUNCT
gujaf-148	145	1	tobin	tobin	PROPN
gujaf-148	145	2	’s	’s	PART
gujaf-148	145	3	q	q	NOUN
gujaf-148	146	1	it	it	PRON
gujaf-148	146	2	=	=	PUNCT
gujaf-148	146	3	α	α	PROPN
gujaf-148	147	1	+	+	X
gujaf-148	147	2	β1	β1	X
gujaf-148	147	3	gciit+	gciit+	X
gujaf-148	147	4	β2bodit	β2bodit	NOUN
gujaf-148	147	5	+	+	X
gujaf-148	147	6	β3excompit+	β3excompit+	NOUN
gujaf-148	147	7	β4sharit+β5ownit	β4sharit+β5ownit	PUNCT
gujaf-148	148	1	+	+	PUNCT
gujaf-148	148	2	β6dis	β6dis	PROPN
gujaf-148	148	3	it+	it+	NOUN
gujaf-148	148	4	β7	β7	PROPN
gujaf-148	148	5	levit+	levit+	X
gujaf-148	148	6	β8sizeit+β9ageit+β10roait+μii	β8sizeit+β9ageit+β10roait+μii	NOUN
gujaf-148	148	7	…	…	SYM
gujaf-148	148	8	…	…	PUNCT
gujaf-148	148	9	…	…	PUNCT
gujaf-148	148	10	…	…	PUNCT
gujaf-148	148	11	…	…	PUNCT
gujaf-148	148	12	…	…	PUNCT
gujaf-148	148	13	…	…	PUNCT
gujaf-148	148	14	…	…	PUNCT
gujaf-148	148	15	…	…	PUNCT
gujaf-148	148	16	…	…	PUNCT
gujaf-148	148	17	…	…	PUNCT
gujaf-148	148	18	.......	.......	PUNCT
gujaf-148	148	19	(i	(i	NOUN
gujaf-148	148	20	)	)	PUNCT
gujaf-148	148	21	9	9	NUM
gujaf-148	148	22	mrkval	mrkval	NOUN
gujaf-148	148	23	=	=	SYM
gujaf-148	148	24	α	α	PROPN
gujaf-148	149	1	+	+	X
gujaf-148	149	2	β1	β1	X
gujaf-148	149	3	gciit+	gciit+	X
gujaf-148	149	4	β2bodit	β2bodit	NOUN
gujaf-148	149	5	+	+	X
gujaf-148	149	6	β3excompit+	β3excompit+	NOUN
gujaf-148	149	7	β4sharit+β5ownit	β4sharit+β5ownit	PUNCT
gujaf-148	150	1	+	+	PUNCT
gujaf-148	150	2	β6dis	β6dis	PROPN
gujaf-148	150	3	it+	it+	NOUN
gujaf-148	150	4	β7	β7	PROPN
gujaf-148	150	5	levit+	levit+	X
gujaf-148	150	6	β8sizeit+9ageit+β10roait+μii	β8sizeit+9ageit+β10roait+μii	PROPN
gujaf-148	150	7	…	…	PUNCT
gujaf-148	150	8	…	…	PUNCT
gujaf-148	150	9	…	…	PUNCT
gujaf-148	150	10	…	…	PUNCT
gujaf-148	150	11	…	…	PUNCT
gujaf-148	150	12	…	…	PUNCT
gujaf-148	150	13	…	…	PUNCT
gujaf-148	150	14	…	…	PUNCT
gujaf-148	150	15	…	…	PUNCT
gujaf-148	150	16	…	…	PUNCT
gujaf-148	150	17	…	…	PUNCT
gujaf-148	150	18	…	…	PUNCT
gujaf-148	150	19	…	…	PUNCT
gujaf-148	150	20	…	…	PUNCT
gujaf-148	150	21	…	…	PUNCT
gujaf-148	150	22	.....	.....	PUNCT
gujaf-148	150	23	(ii	(ii	PUNCT
gujaf-148	150	24	)	)	PUNCT
gujaf-148	150	25	the	the	DET
gujaf-148	150	26	effect	effect	NOUN
gujaf-148	150	27	of	of	ADP
gujaf-148	150	28	corporate	corporate	ADJ
gujaf-148	150	29	governance	governance	NOUN
gujaf-148	150	30	mechanisms	mechanism	NOUN
gujaf-148	150	31	on	on	ADP
gujaf-148	150	32	the	the	DET
gujaf-148	150	33	stock	stock	NOUN
gujaf-148	150	34	price	price	NOUN
gujaf-148	150	35	performance	performance	NOUN
gujaf-148	150	36	of	of	ADP
gujaf-148	150	37	listed	list	VERB
gujaf-148	150	38	banks	bank	NOUN
gujaf-148	150	39	and	and	CCONJ
gujaf-148	150	40	construction	construction	NOUN
gujaf-148	150	41	/	/	SYM
gujaf-148	150	42	real	real	ADJ
gujaf-148	150	43	estate	estate	NOUN
gujaf-148	150	44	companies	company	NOUN
gujaf-148	150	45	in	in	ADP
gujaf-148	150	46	nigeria	nigeria	PROPN
gujaf-148	150	47	is	be	AUX
gujaf-148	150	48	examined	examine	VERB
gujaf-148	150	49	using	use	VERB
gujaf-148	150	50	the	the	DET
gujaf-148	150	51	model	model	NOUN
gujaf-148	150	52	below	below	ADV
gujaf-148	150	53	.	.	PUNCT
gujaf-148	151	1	simply	simply	ADV
gujaf-148	151	2	put	put	VERB
gujaf-148	151	3	,	,	PUNCT
gujaf-148	151	4	we	we	PRON
gujaf-148	151	5	demonstrate	demonstrate	VERB
gujaf-148	151	6	that	that	SCONJ
gujaf-148	151	7	the	the	DET
gujaf-148	151	8	corporate	corporate	ADJ
gujaf-148	151	9	board	board	NOUN
gujaf-148	151	10	mechanism	mechanism	NOUN
gujaf-148	151	11	is	be	AUX
gujaf-148	151	12	a	a	DET
gujaf-148	151	13	function	function	NOUN
gujaf-148	151	14	of	of	ADP
gujaf-148	151	15	stock	stock	NOUN
gujaf-148	151	16	price	price	NOUN
gujaf-148	151	17	performance	performance	NOUN
gujaf-148	151	18	as	as	SCONJ
gujaf-148	151	19	given	give	VERB
gujaf-148	151	20	in	in	ADP
gujaf-148	151	21	the	the	DET
gujaf-148	151	22	equation	equation	NOUN
gujaf-148	151	23	below	below	ADV
gujaf-148	151	24	:	:	PUNCT
gujaf-148	151	25	sp=	sp=	PROPN
gujaf-148	151	26	f	f	PROPN
gujaf-148	151	27	(	(	PUNCT
gujaf-148	151	28	board	board	NOUN
gujaf-148	151	29	size	size	NOUN
gujaf-148	151	30	,	,	PUNCT
gujaf-148	151	31	board	board	NOUN
gujaf-148	151	32	independence	independence	NOUN
gujaf-148	151	33	,	,	PUNCT
gujaf-148	151	34	board	board	NOUN
gujaf-148	151	35	gender	gender	NOUN
gujaf-148	151	36	diversity	diversity	NOUN
gujaf-148	151	37	,	,	PUNCT
gujaf-148	151	38	board	board	NOUN
gujaf-148	151	39	ownership	ownership	NOUN
gujaf-148	151	40	and	and	CCONJ
gujaf-148	151	41	leverage	leverage	NOUN
gujaf-148	151	42	)	)	PUNCT
gujaf-148	151	43	…	…	PUNCT
gujaf-148	151	44	…	…	PUNCT
gujaf-148	151	45	…	…	PUNCT
gujaf-148	151	46	…	…	PUNCT
gujaf-148	151	47	…	…	PUNCT
gujaf-148	151	48	……	……	NOUN
gujaf-148	151	49	……	……	NOUN
gujaf-148	151	50	……	……	NOUN
gujaf-148	151	51	.	.	PUNCT
gujaf-148	152	1	(	(	PUNCT
gujaf-148	152	2	1	1	X
gujaf-148	152	3	)	)	PUNCT
gujaf-148	152	4	this	this	PRON
gujaf-148	152	5	can	can	AUX
gujaf-148	152	6	be	be	AUX
gujaf-148	152	7	re	re	VERB
gujaf-148	152	8	-	-	VERB
gujaf-148	152	9	written	write	VERB
gujaf-148	152	10	in	in	ADP
gujaf-148	152	11	explicit	explicit	ADJ
gujaf-148	152	12	form	form	NOUN
gujaf-148	152	13	as	as	ADP
gujaf-148	152	14	:	:	PUNCT
gujaf-148	152	15	sp=	sp=	VERB
gujaf-148	152	16	π0	π0	NOUN
gujaf-148	152	17	+	+	CCONJ
gujaf-148	152	18	π1b_size	π1b_size	PROPN
gujaf-148	152	19	+	+	CCONJ
gujaf-148	152	20	π2b_ind	π2b_ind	ADJ
gujaf-148	152	21	+	+	CCONJ
gujaf-148	152	22	π3b_gen_div	π3b_gen_div	X
gujaf-148	153	1	+	+	CCONJ
gujaf-148	153	2	π4b_owner	π4b_owner	X
gujaf-148	153	3	+	+	NUM
gujaf-148	153	4	π5leverage	π5leverage	NOUN
gujaf-148	153	5	…	…	SYM
gujaf-148	153	6	……	……	NOUN
gujaf-148	153	7	(	(	PUNCT
gujaf-148	153	8	2	2	NUM
gujaf-148	153	9	)	)	PUNCT
gujaf-148	153	10	and	and	CCONJ
gujaf-148	153	11	can	can	AUX
gujaf-148	153	12	be	be	AUX
gujaf-148	153	13	written	write	VERB
gujaf-148	153	14	econometrically	econometrically	ADV
gujaf-148	153	15	as	as	ADP
gujaf-148	153	16	:	:	PUNCT
gujaf-148	153	17	sp=	sp=	VERB
gujaf-148	153	18	π0	π0	NOUN
gujaf-148	153	19	+	+	CCONJ
gujaf-148	153	20	π1b_size	π1b_size	PROPN
gujaf-148	153	21	+	+	CCONJ
gujaf-148	153	22	π2b_ind	π2b_ind	ADJ
gujaf-148	153	23	+	+	CCONJ
gujaf-148	153	24	π3b_gen_div	π3b_gen_div	X
gujaf-148	153	25	+	+	CCONJ
gujaf-148	153	26	π4b_owner	π4b_owner	X
gujaf-148	153	27	+	+	CCONJ
gujaf-148	153	28	π5leverage+	π5leverage+	PROPN
gujaf-148	153	29	εt	εt	NUM
gujaf-148	153	30	…	…	NUM
gujaf-148	153	31	……	……	X
gujaf-148	153	32	(	(	PUNCT
gujaf-148	153	33	3	3	NUM
gujaf-148	153	34	)	)	PUNCT
gujaf-148	153	35	since	since	SCONJ
gujaf-148	153	36	we	we	PRON
gujaf-148	153	37	employ	employ	VERB
gujaf-148	153	38	panel	panel	NOUN
gujaf-148	153	39	datasets	dataset	NOUN
gujaf-148	153	40	,	,	PUNCT
gujaf-148	153	41	we	we	PRON
gujaf-148	153	42	capture	capture	VERB
gujaf-148	153	43	both	both	DET
gujaf-148	153	44	time	time	NOUN
gujaf-148	153	45	and	and	CCONJ
gujaf-148	153	46	cross	cross	NOUN
gujaf-148	153	47	section	section	NOUN
gujaf-148	153	48	effect	effect	NOUN
gujaf-148	153	49	with	with	ADP
gujaf-148	153	50	the	the	DET
gujaf-148	153	51	equation	equation	NOUN
gujaf-148	153	52	below	below	ADP
gujaf-148	153	53	spit=	spit=	PROPN
gujaf-148	153	54	π0+π1b_sizeit+π2b_indit+π3b_gen_divit+π4b_ownerit+π5leverageit+εit	π0+π1b_sizeit+π2b_indit+π3b_gen_divit+π4b_ownerit+π5leverageit+εit	NUM
gujaf-148	153	55	…	…	PUNCT
gujaf-148	153	56	…	…	PUNCT
gujaf-148	153	57	....	....	PUNCT
gujaf-148	153	58	(	(	PUNCT
gujaf-148	153	59	4	4	NUM
gujaf-148	153	60	)	)	PUNCT
gujaf-148	153	61	also	also	ADV
gujaf-148	153	62	econometrically	econometrically	ADV
gujaf-148	153	63	expressed	express	VERB
gujaf-148	153	64	as	as	ADP
gujaf-148	153	65	:	:	PUNCT
gujaf-148	153	66	sp	sp	AUX
gujaf-148	153	67	equals	equal	VERB
gujaf-148	153	68	0	0	NUM
gujaf-148	153	69	plus	plus	CCONJ
gujaf-148	153	70	1	1	NUM
gujaf-148	153	71	each	each	PRON
gujaf-148	153	72	of	of	ADP
gujaf-148	153	73	the	the	DET
gujaf-148	153	74	following	following	NOUN
gujaf-148	153	75	:	:	PUNCT
gujaf-148	154	1	b	b	X
gujaf-148	154	2	size	size	NOUN
gujaf-148	154	3	,	,	PUNCT
gujaf-148	154	4	b	b	PROPN
gujaf-148	154	5	ind	ind	PROPN
gujaf-148	154	6	,	,	PUNCT
gujaf-148	154	7	b	b	PROPN
gujaf-148	154	8	gen	gen	PROPN
gujaf-148	154	9	div	div	PROPN
gujaf-148	154	10	,	,	PUNCT
gujaf-148	154	11	b	b	NOUN
gujaf-148	154	12	owner	owner	NOUN
gujaf-148	154	13	,	,	PUNCT
gujaf-148	154	14	b	b	NOUN
gujaf-148	154	15	leverage	leverage	NOUN
gujaf-148	154	16	,	,	PUNCT
gujaf-148	154	17	and	and	CCONJ
gujaf-148	154	18	b	b	X
gujaf-148	154	19	t.	t.	NOUN
gujaf-148	154	20	……	……	NOUN
gujaf-148	154	21	……	……	NOUN
gujaf-148	154	22	……	……	NOUN
gujaf-148	154	23	……	……	NOUN
gujaf-148	154	24	……	……	NOUN
gujaf-148	154	25	……	……	NOUN
gujaf-148	154	26	……	……	NOUN
gujaf-148	154	27	……	……	NOUN
gujaf-148	154	28	……	……	NOUN
gujaf-148	154	29	……	……	NOUN
gujaf-148	154	30	……	……	NOUN
gujaf-148	154	31	……	……	NOUN
gujaf-148	154	32	..	..	PUNCT
gujaf-148	154	33	(	(	PUNCT
gujaf-148	154	34	3	3	X
gujaf-148	154	35	)	)	PUNCT
gujaf-148	154	36	the	the	DET
gujaf-148	154	37	equation	equation	NOUN
gujaf-148	154	38	below	below	ADP
gujaf-148	154	39	captures	capture	VERB
gujaf-148	154	40	the	the	DET
gujaf-148	154	41	temporal	temporal	ADJ
gujaf-148	154	42	and	and	CCONJ
gujaf-148	154	43	cross	cross	NOUN
gujaf-148	154	44	section	section	NOUN
gujaf-148	154	45	effects	effect	NOUN
gujaf-148	154	46	because	because	SCONJ
gujaf-148	154	47	we	we	PRON
gujaf-148	154	48	use	use	VERB
gujaf-148	154	49	panel	panel	NOUN
gujaf-148	154	50	data	data	NOUN
gujaf-148	154	51	sets	set	NOUN
gujaf-148	154	52	.	.	PUNCT
gujaf-148	155	1	the	the	DET
gujaf-148	155	2	formula	formula	NOUN
gujaf-148	155	3	for	for	ADP
gujaf-148	155	4	spit	spit	NOUN
gujaf-148	155	5	is	be	AUX
gujaf-148	155	6	0	0	NUM
gujaf-148	155	7	plus	plus	CCONJ
gujaf-148	155	8	1b	1b	NUM
gujaf-148	155	9	sizeit	sizeit	NOUN
gujaf-148	155	10	,	,	PUNCT
gujaf-148	155	11	2b	2b	NUM
gujaf-148	155	12	indit	indit	NOUN
gujaf-148	155	13	,	,	PUNCT
gujaf-148	155	14	3b	3b	PROPN
gujaf-148	155	15	gen	gen	PROPN
gujaf-148	155	16	divit	divit	PROPN
gujaf-148	155	17	,	,	PUNCT
gujaf-148	155	18	4b	4b	PROPN
gujaf-148	155	19	ownerit	ownerit	PROPN
gujaf-148	155	20	,	,	PUNCT
gujaf-148	155	21	5leverageit	5leverageit	NUM
gujaf-148	155	22	,	,	PUNCT
gujaf-148	155	23	and	and	CCONJ
gujaf-148	155	24	it	it	PRON
gujaf-148	155	25	(	(	PUNCT
gujaf-148	155	26	4	4	X
gujaf-148	155	27	)	)	PUNCT
gujaf-148	155	28	4	4	NUM
gujaf-148	155	29	.	.	X
gujaf-148	155	30	presentation	presentation	NOUN
gujaf-148	155	31	of	of	ADP
gujaf-148	155	32	data	datum	NOUN
gujaf-148	155	33	and	and	CCONJ
gujaf-148	155	34	results	result	VERB
gujaf-148	155	35	the	the	DET
gujaf-148	155	36	study	study	NOUN
gujaf-148	155	37	examines	examine	VERB
gujaf-148	155	38	the	the	DET
gujaf-148	155	39	impact	impact	NOUN
gujaf-148	155	40	of	of	ADP
gujaf-148	155	41	corporate	corporate	ADJ
gujaf-148	155	42	control	control	NOUN
gujaf-148	155	43	mechanisms	mechanism	NOUN
gujaf-148	155	44	on	on	ADP
gujaf-148	155	45	listed	list	VERB
gujaf-148	155	46	businesses	business	NOUN
gujaf-148	155	47	'	'	PART
gujaf-148	155	48	stock	stock	NOUN
gujaf-148	155	49	price	price	NOUN
gujaf-148	155	50	performance	performance	NOUN
gujaf-148	155	51	in	in	ADP
gujaf-148	155	52	nigeria	nigeria	PROPN
gujaf-148	155	53	from	from	ADP
gujaf-148	155	54	2006	2006	NUM
gujaf-148	155	55	to	to	ADP
gujaf-148	155	56	2020	2020	NUM
gujaf-148	155	57	.	.	PUNCT
gujaf-148	156	1	board	board	NOUN
gujaf-148	156	2	size	size	NOUN
gujaf-148	156	3	(	(	PUNCT
gujaf-148	156	4	b	b	NOUN
gujaf-148	156	5	size	size	NOUN
gujaf-148	156	6	)	)	PUNCT
gujaf-148	156	7	,	,	PUNCT
gujaf-148	156	8	board	board	NOUN
gujaf-148	156	9	independence	independence	NOUN
gujaf-148	156	10	(	(	PUNCT
gujaf-148	156	11	b	b	NOUN
gujaf-148	156	12	ind	ind	NOUN
gujaf-148	156	13	)	)	PUNCT
gujaf-148	156	14	,	,	PUNCT
gujaf-148	156	15	board	board	NOUN
gujaf-148	156	16	gender	gender	NOUN
gujaf-148	156	17	diversity	diversity	NOUN
gujaf-148	156	18	(	(	PUNCT
gujaf-148	156	19	bg	bg	PROPN
gujaf-148	156	20	div	div	PROPN
gujaf-148	156	21	)	)	PUNCT
gujaf-148	156	22	,	,	PUNCT
gujaf-148	156	23	and	and	CCONJ
gujaf-148	156	24	board	board	NOUN
gujaf-148	156	25	ownership	ownership	NOUN
gujaf-148	156	26	(	(	PUNCT
gujaf-148	156	27	b	b	NOUN
gujaf-148	156	28	own	own	ADJ
gujaf-148	156	29	)	)	PUNCT
gujaf-148	156	30	are	be	AUX
gujaf-148	156	31	the	the	DET
gujaf-148	156	32	variables	variable	NOUN
gujaf-148	156	33	of	of	ADP
gujaf-148	156	34	interest	interest	NOUN
gujaf-148	156	35	that	that	PRON
gujaf-148	156	36	we	we	PRON
gujaf-148	156	37	used	use	VERB
gujaf-148	156	38	to	to	PART
gujaf-148	156	39	examine	examine	VERB
gujaf-148	156	40	the	the	DET
gujaf-148	156	41	impact	impact	NOUN
gujaf-148	156	42	of	of	ADP
gujaf-148	156	43	the	the	DET
gujaf-148	156	44	corporate	corporate	ADJ
gujaf-148	156	45	governance	governance	NOUN
gujaf-148	156	46	system	system	NOUN
gujaf-148	156	47	on	on	ADP
gujaf-148	156	48	stock	stock	NOUN
gujaf-148	156	49	price	price	NOUN
gujaf-148	156	50	performance	performance	NOUN
gujaf-148	156	51	.	.	PUNCT
gujaf-148	157	1	however	however	ADV
gujaf-148	157	2	,	,	PUNCT
gujaf-148	157	3	we	we	PRON
gujaf-148	157	4	included	include	VERB
gujaf-148	157	5	firm	firm	ADJ
gujaf-148	157	6	leverage	leverage	NOUN
gujaf-148	157	7	as	as	ADP
gujaf-148	157	8	a	a	DET
gujaf-148	157	9	control	control	NOUN
gujaf-148	157	10	variable	variable	NOUN
gujaf-148	157	11	(	(	PUNCT
gujaf-148	157	12	leverage	leverage	NOUN
gujaf-148	157	13	)	)	PUNCT
gujaf-148	157	14	.	.	PUNCT
gujaf-148	158	1	10	10	NUM
gujaf-148	158	2	the	the	DET
gujaf-148	158	3	statistics	statistic	NOUN
gujaf-148	158	4	of	of	ADP
gujaf-148	158	5	the	the	DET
gujaf-148	158	6	data	datum	NOUN
gujaf-148	158	7	set	set	VERB
gujaf-148	158	8	used	use	VERB
gujaf-148	158	9	in	in	ADP
gujaf-148	158	10	this	this	DET
gujaf-148	158	11	investigation	investigation	NOUN
gujaf-148	158	12	are	be	AUX
gujaf-148	158	13	summarized	summarize	VERB
gujaf-148	158	14	in	in	ADP
gujaf-148	158	15	the	the	DET
gujaf-148	158	16	table	table	NOUN
gujaf-148	158	17	below	below	ADV
gujaf-148	158	18	.	.	PUNCT
gujaf-148	159	1	table	table	NOUN
gujaf-148	159	2	4.1	4.1	NUM
gujaf-148	159	3	:	:	PUNCT
gujaf-148	159	4	statistical	statistical	ADJ
gujaf-148	159	5	description	description	NOUN
gujaf-148	159	6	of	of	ADP
gujaf-148	159	7	the	the	DET
gujaf-148	159	8	corporate	corporate	ADJ
gujaf-148	159	9	governance	governance	NOUN
gujaf-148	159	10	index	index	NOUN
gujaf-148	159	11	s	s	NOUN
gujaf-148	159	12	-	-	PUNCT
gujaf-148	159	13	price	price	NOUN
gujaf-148	159	14	b	b	NOUN
gujaf-148	159	15	-	-	PUNCT
gujaf-148	159	16	size	size	NOUN
gujaf-148	159	17	b	b	X
gujaf-148	159	18	-	-	PUNCT
gujaf-148	159	19	ind	ind	ADJ
gujaf-148	159	20	b	b	NOUN
gujaf-148	159	21	-	-	PUNCT
gujaf-148	159	22	own	own	ADJ
gujaf-148	159	23	bg	bg	PROPN
gujaf-148	159	24	-	-	PUNCT
gujaf-148	159	25	diver	diver	NOUN
gujaf-148	159	26	leverage	leverage	NOUN
gujaf-148	159	27	mean	mean	VERB
gujaf-148	159	28	11.98597	11.98597	NUM
gujaf-148	159	29	12.487	12.487	NUM
gujaf-148	159	30	61.07058	61.07058	NUM
gujaf-148	159	31	13.33658	13.33658	NUM
gujaf-148	159	32	13.71667	13.71667	NUM
gujaf-148	159	33	83.70153	83.70153	NUM
gujaf-148	159	34	max	max	PROPN
gujaf-148	159	35	84.63	84.63	NUM
gujaf-148	159	36	21	21	NUM
gujaf-148	159	37	90	90	NUM
gujaf-148	159	38	89.65	89.65	NUM
gujaf-148	159	39	60	60	NUM
gujaf-148	159	40	254.75	254.75	NUM
gujaf-148	159	41	min	min	NOUN
gujaf-148	159	42	0.44	0.44	NUM
gujaf-148	159	43	5	5	NUM
gujaf-148	159	44	21.43	21.43	NUM
gujaf-148	159	45	0	0	NUM
gujaf-148	159	46	0	0	NUM
gujaf-148	159	47	8.63	8.63	NUM
gujaf-148	159	48	n	n	NUM
gujaf-148	159	49	225	225	NUM
gujaf-148	159	50	225	225	NUM
gujaf-148	159	51	225	225	NUM
gujaf-148	159	52	225	225	NUM
gujaf-148	159	53	225	225	NUM
gujaf-148	159	54	225	225	NUM
gujaf-148	159	55	source	source	NOUN
gujaf-148	159	56	:	:	PUNCT
gujaf-148	159	57	stata	stata	PROPN
gujaf-148	159	58	output	output	NOUN
gujaf-148	159	59	compiled	compile	VERB
gujaf-148	159	60	by	by	ADP
gujaf-148	159	61	authors	author	NOUN
gujaf-148	159	62	according	accord	VERB
gujaf-148	159	63	to	to	ADP
gujaf-148	159	64	the	the	DET
gujaf-148	159	65	descriptive	descriptive	ADJ
gujaf-148	159	66	statistics	statistic	NOUN
gujaf-148	159	67	,	,	PUNCT
gujaf-148	159	68	the	the	DET
gujaf-148	159	69	mean	mean	ADJ
gujaf-148	159	70	stock	stock	NOUN
gujaf-148	159	71	price	price	NOUN
gujaf-148	159	72	variable	variable	NOUN
gujaf-148	159	73	for	for	ADP
gujaf-148	159	74	the	the	DET
gujaf-148	159	75	study	study	NOUN
gujaf-148	159	76	period	period	NOUN
gujaf-148	159	77	was	be	AUX
gujaf-148	159	78	around	around	ADP
gujaf-148	159	79	11.99	11.99	NUM
gujaf-148	159	80	.	.	PUNCT
gujaf-148	160	1	this	this	PRON
gujaf-148	160	2	portrays	portray	VERB
gujaf-148	160	3	the	the	DET
gujaf-148	160	4	sampled	sample	VERB
gujaf-148	160	5	companies	company	NOUN
gujaf-148	160	6	in	in	ADP
gujaf-148	160	7	a	a	DET
gujaf-148	160	8	favorable	favorable	ADJ
gujaf-148	160	9	light	light	NOUN
gujaf-148	160	10	.	.	PUNCT
gujaf-148	161	1	the	the	DET
gujaf-148	161	2	year	year	NOUN
gujaf-148	161	3	2007	2007	NUM
gujaf-148	161	4	saw	see	VERB
gujaf-148	161	5	the	the	DET
gujaf-148	161	6	strongest	strong	ADJ
gujaf-148	161	7	stock	stock	NOUN
gujaf-148	161	8	performance	performance	NOUN
gujaf-148	161	9	across	across	ADP
gujaf-148	161	10	the	the	DET
gujaf-148	161	11	board	board	NOUN
gujaf-148	161	12	for	for	ADP
gujaf-148	161	13	all	all	DET
gujaf-148	161	14	studied	study	VERB
gujaf-148	161	15	firms	firm	NOUN
gujaf-148	161	16	,	,	PUNCT
gujaf-148	161	17	reaching	reach	VERB
gujaf-148	161	18	an	an	DET
gujaf-148	161	19	average	average	ADJ
gujaf-148	161	20	height	height	NOUN
gujaf-148	161	21	of	of	ADP
gujaf-148	161	22	84.63	84.63	NUM
gujaf-148	161	23	,	,	PUNCT
gujaf-148	161	24	while	while	SCONJ
gujaf-148	161	25	the	the	DET
gujaf-148	161	26	year	year	NOUN
gujaf-148	161	27	2018	2018	NUM
gujaf-148	161	28	saw	see	VERB
gujaf-148	161	29	the	the	DET
gujaf-148	161	30	worst	bad	ADJ
gujaf-148	161	31	performance	performance	NOUN
gujaf-148	161	32	,	,	PUNCT
gujaf-148	161	33	with	with	ADP
gujaf-148	161	34	an	an	DET
gujaf-148	161	35	average	average	ADJ
gujaf-148	161	36	stock	stock	NOUN
gujaf-148	161	37	value	value	NOUN
gujaf-148	161	38	of	of	ADP
gujaf-148	161	39	roughly	roughly	ADV
gujaf-148	161	40	44	44	NUM
gujaf-148	161	41	kobo	kobo	NOUN
gujaf-148	161	42	.	.	PUNCT
gujaf-148	162	1	additionally	additionally	ADV
gujaf-148	162	2	,	,	PUNCT
gujaf-148	162	3	the	the	DET
gujaf-148	162	4	descriptive	descriptive	ADJ
gujaf-148	162	5	statistics	statistic	NOUN
gujaf-148	162	6	showed	show	VERB
gujaf-148	162	7	that	that	SCONJ
gujaf-148	162	8	during	during	ADP
gujaf-148	162	9	the	the	DET
gujaf-148	162	10	studied	studied	ADJ
gujaf-148	162	11	period	period	NOUN
gujaf-148	162	12	,	,	PUNCT
gujaf-148	162	13	on	on	ADP
gujaf-148	162	14	average	average	ADJ
gujaf-148	162	15	,	,	PUNCT
gujaf-148	162	16	13	13	NUM
gujaf-148	162	17	%	%	NOUN
gujaf-148	162	18	of	of	ADP
gujaf-148	162	19	the	the	DET
gujaf-148	162	20	directors	director	NOUN
gujaf-148	162	21	at	at	ADP
gujaf-148	162	22	the	the	DET
gujaf-148	162	23	tested	test	VERB
gujaf-148	162	24	organizations	organization	NOUN
gujaf-148	162	25	were	be	AUX
gujaf-148	162	26	female	female	ADJ
gujaf-148	162	27	.	.	PUNCT
gujaf-148	163	1	however	however	ADV
gujaf-148	163	2	,	,	PUNCT
gujaf-148	163	3	we	we	PRON
gujaf-148	163	4	discover	discover	VERB
gujaf-148	163	5	that	that	PRON
gujaf-148	163	6	board	board	NOUN
gujaf-148	163	7	gender	gender	NOUN
gujaf-148	163	8	diversity	diversity	NOUN
gujaf-148	163	9	reached	reach	VERB
gujaf-148	163	10	a	a	DET
gujaf-148	163	11	record	record	NOUN
gujaf-148	163	12	high	high	NOUN
gujaf-148	163	13	of	of	ADP
gujaf-148	163	14	60	60	NUM
gujaf-148	163	15	%	%	NOUN
gujaf-148	163	16	in	in	ADP
gujaf-148	163	17	2010	2010	NUM
gujaf-148	163	18	,	,	PUNCT
gujaf-148	163	19	demonstrating	demonstrate	VERB
gujaf-148	163	20	a	a	DET
gujaf-148	163	21	very	very	ADV
gujaf-148	163	22	large	large	ADJ
gujaf-148	163	23	divergence	divergence	NOUN
gujaf-148	163	24	from	from	ADP
gujaf-148	163	25	the	the	DET
gujaf-148	163	26	mean	mean	NOUN
gujaf-148	163	27	.	.	PUNCT
gujaf-148	164	1	this	this	DET
gujaf-148	164	2	finding	finding	NOUN
gujaf-148	164	3	implies	imply	VERB
gujaf-148	164	4	that	that	SCONJ
gujaf-148	164	5	among	among	ADP
gujaf-148	164	6	nigerian	nigerian	ADJ
gujaf-148	164	7	traded	trade	VERB
gujaf-148	164	8	firms	firm	NOUN
gujaf-148	164	9	,	,	PUNCT
gujaf-148	164	10	the	the	DET
gujaf-148	164	11	role	role	NOUN
gujaf-148	164	12	of	of	ADP
gujaf-148	164	13	women	woman	NOUN
gujaf-148	164	14	on	on	ADP
gujaf-148	164	15	the	the	DET
gujaf-148	164	16	board	board	NOUN
gujaf-148	164	17	is	be	AUX
gujaf-148	164	18	continuing	continue	VERB
gujaf-148	164	19	to	to	PART
gujaf-148	164	20	acquire	acquire	VERB
gujaf-148	164	21	importance	importance	NOUN
gujaf-148	164	22	.	.	PUNCT
gujaf-148	165	1	the	the	DET
gujaf-148	165	2	outcome	outcome	NOUN
gujaf-148	165	3	reveals	reveal	VERB
gujaf-148	165	4	that	that	SCONJ
gujaf-148	165	5	throughout	throughout	ADP
gujaf-148	165	6	the	the	DET
gujaf-148	165	7	time	time	NOUN
gujaf-148	165	8	under	under	ADP
gujaf-148	165	9	investigation	investigation	NOUN
gujaf-148	165	10	,	,	PUNCT
gujaf-148	165	11	board	board	NOUN
gujaf-148	165	12	independence	independence	NOUN
gujaf-148	165	13	ranged	range	VERB
gujaf-148	165	14	from	from	ADP
gujaf-148	165	15	an	an	DET
gujaf-148	165	16	average	average	NOUN
gujaf-148	165	17	of	of	ADP
gujaf-148	165	18	61	61	NUM
gujaf-148	165	19	percent	percent	NOUN
gujaf-148	165	20	to	to	ADP
gujaf-148	165	21	a	a	DET
gujaf-148	165	22	maximum	maximum	NOUN
gujaf-148	165	23	of	of	ADP
gujaf-148	165	24	90	90	NUM
gujaf-148	165	25	percent	percent	NOUN
gujaf-148	165	26	.	.	PUNCT
gujaf-148	166	1	we	we	PRON
gujaf-148	166	2	also	also	ADV
gujaf-148	166	3	discover	discover	VERB
gujaf-148	166	4	that	that	DET
gujaf-148	166	5	board	board	NOUN
gujaf-148	166	6	ownership	ownership	NOUN
gujaf-148	166	7	,	,	PUNCT
gujaf-148	166	8	which	which	PRON
gujaf-148	166	9	is	be	AUX
gujaf-148	166	10	the	the	DET
gujaf-148	166	11	equity	equity	NOUN
gujaf-148	166	12	held	hold	VERB
gujaf-148	166	13	by	by	ADP
gujaf-148	166	14	board	board	NOUN
gujaf-148	166	15	members	member	NOUN
gujaf-148	166	16	relative	relative	ADJ
gujaf-148	166	17	to	to	ADP
gujaf-148	166	18	the	the	DET
gujaf-148	166	19	total	total	ADJ
gujaf-148	166	20	number	number	NOUN
gujaf-148	166	21	of	of	ADP
gujaf-148	166	22	firm	firm	ADJ
gujaf-148	166	23	shares	share	NOUN
gujaf-148	166	24	,	,	PUNCT
gujaf-148	166	25	followed	follow	VERB
gujaf-148	166	26	the	the	DET
gujaf-148	166	27	same	same	ADJ
gujaf-148	166	28	trend	trend	NOUN
gujaf-148	166	29	as	as	ADP
gujaf-148	166	30	the	the	DET
gujaf-148	166	31	board	board	NOUN
gujaf-148	166	32	gender	gender	NOUN
gujaf-148	166	33	diversity	diversity	NOUN
gujaf-148	166	34	variable	variable	NOUN
gujaf-148	166	35	.	.	PUNCT
gujaf-148	167	1	from	from	ADP
gujaf-148	167	2	7	7	NUM
gujaf-148	167	3	percent	percent	NOUN
gujaf-148	167	4	in	in	ADP
gujaf-148	167	5	2007	2007	NUM
gujaf-148	167	6	to	to	ADP
gujaf-148	167	7	16	16	NUM
gujaf-148	167	8	percent	percent	NOUN
gujaf-148	167	9	in	in	ADP
gujaf-148	167	10	2018	2018	NUM
gujaf-148	167	11	,	,	PUNCT
gujaf-148	167	12	board	board	NOUN
gujaf-148	167	13	ownership	ownership	NOUN
gujaf-148	167	14	increased	increase	VERB
gujaf-148	167	15	steadily	steadily	ADV
gujaf-148	167	16	on	on	ADP
gujaf-148	167	17	average	average	ADJ
gujaf-148	167	18	.	.	PUNCT
gujaf-148	168	1	finally	finally	ADV
gujaf-148	168	2	,	,	PUNCT
gujaf-148	168	3	we	we	PRON
gujaf-148	168	4	discover	discover	VERB
gujaf-148	168	5	that	that	SCONJ
gujaf-148	168	6	in	in	ADP
gujaf-148	168	7	nigeria	nigeria	PROPN
gujaf-148	168	8	,	,	PUNCT
gujaf-148	168	9	quoted	quote	VERB
gujaf-148	168	10	firms	firm	NOUN
gujaf-148	168	11	used	use	VERB
gujaf-148	168	12	debt	debt	NOUN
gujaf-148	168	13	financing	finance	VERB
gujaf-148	168	14	the	the	DET
gujaf-148	168	15	most	most	ADV
gujaf-148	168	16	in	in	ADP
gujaf-148	168	17	2017	2017	NUM
gujaf-148	168	18	.	.	PUNCT
gujaf-148	169	1	(	(	PUNCT
gujaf-148	169	2	254.75	254.75	NUM
gujaf-148	169	3	)	)	PUNCT
gujaf-148	169	4	.	.	PUNCT
gujaf-148	170	1	however	however	ADV
gujaf-148	170	2	,	,	PUNCT
gujaf-148	170	3	on	on	ADP
gujaf-148	170	4	average	average	ADJ
gujaf-148	170	5	,	,	PUNCT
gujaf-148	170	6	during	during	ADP
gujaf-148	170	7	the	the	DET
gujaf-148	170	8	time	time	NOUN
gujaf-148	170	9	under	under	ADP
gujaf-148	170	10	consideration	consideration	NOUN
gujaf-148	170	11	,	,	PUNCT
gujaf-148	170	12	the	the	DET
gujaf-148	170	13	majority	majority	NOUN
gujaf-148	170	14	of	of	ADP
gujaf-148	170	15	the	the	DET
gujaf-148	170	16	studied	study	VERB
gujaf-148	170	17	enterprises	enterprise	NOUN
gujaf-148	170	18	used	use	VERB
gujaf-148	170	19	debt	debt	NOUN
gujaf-148	170	20	financing	financing	NOUN
gujaf-148	170	21	to	to	ADP
gujaf-148	170	22	the	the	DET
gujaf-148	170	23	tune	tune	NOUN
gujaf-148	170	24	of	of	ADP
gujaf-148	170	25	83.70	83.70	NUM
gujaf-148	170	26	.	.	PUNCT
gujaf-148	170	27	table	table	NOUN
gujaf-148	170	28	2	2	NUM
gujaf-148	170	29	.	.	PUNCT
gujaf-148	170	30	data	data	PROPN
gujaf-148	170	31	normality	normality	PROPN
gujaf-148	170	32	test	test	NOUN
gujaf-148	170	33	shapiro	shapiro	NOUN
gujaf-148	170	34	-	-	PUNCT
gujaf-148	170	35	wilk	wilk	NOUN
gujaf-148	170	36	w	w	PROPN
gujaf-148	170	37	test	test	NOUN
gujaf-148	170	38	for	for	ADP
gujaf-148	170	39	normal	normal	ADJ
gujaf-148	170	40	dat	dat	ADJ
gujaf-148	170	41	variable	variable	ADJ
gujaf-148	170	42	obs	obs	PROPN
gujaf-148	170	43	w	w	PROPN
gujaf-148	170	44	v	v	PROPN
gujaf-148	170	45	z	z	PROPN
gujaf-148	170	46	prob	prob	PROPN
gujaf-148	170	47	>	>	PROPN
gujaf-148	170	48	z	z	PROPN
gujaf-148	170	49	s_price	s_price	VERB
gujaf-148	170	50	225	225	NUM
gujaf-148	170	51	0.763	0.763	NUM
gujaf-148	170	52	34.73	34.73	NUM
gujaf-148	170	53	8.16	8.16	NUM
gujaf-148	170	54	0.0000	0.0000	NUM
gujaf-148	170	55	b_size	b_size	VERB
gujaf-148	170	56	225	225	NUM
gujaf-148	170	57	0.977	0.977	NUM
gujaf-148	170	58	3.27	3.27	NUM
gujaf-148	170	59	2.73	2.73	NUM
gujaf-148	170	60	0.0032	0.0032	NUM
gujaf-148	170	61	11	11	NUM
gujaf-148	170	62	b_ind	b_ind	NOUN
gujaf-148	170	63	225	225	NUM
gujaf-148	170	64	0.964	0.964	NUM
gujaf-148	170	65	5.24	5.24	NUM
gujaf-148	170	66	3.80	3.80	NUM
gujaf-148	170	67	0.0000	0.0000	NUM
gujaf-148	170	68	b_own	b_own	VERB
gujaf-148	170	69	225	225	NUM
gujaf-148	170	70	0.669	0.669	NUM
gujaf-148	170	71	48.39	48.39	NUM
gujaf-148	170	72	8.92	8.92	NUM
gujaf-148	170	73	0.0000	0.0000	NUM
gujaf-148	170	74	bg_div	bg_div	NOUN
gujaf-148	170	75	225	225	NUM
gujaf-148	170	76	0.961	0.961	NUM
gujaf-148	170	77	5.75	5.75	NUM
gujaf-148	170	78	4.02	4.02	NUM
gujaf-148	170	79	0.0000	0.0000	NUM
gujaf-148	170	80	lev	lev	NOUN
gujaf-148	170	81	225	225	NUM
gujaf-148	170	82	0.673	0.673	NUM
gujaf-148	170	83	47.92	47.92	NUM
gujaf-148	170	84	8.89	8.89	NUM
gujaf-148	170	85	0.0000	0.0000	NUM
gujaf-148	170	86	source	source	NOUN
gujaf-148	170	87	:	:	PUNCT
gujaf-148	170	88	stata	stata	PROPN
gujaf-148	170	89	output	output	NOUN
gujaf-148	170	90	compiled	compile	VERB
gujaf-148	170	91	by	by	ADP
gujaf-148	170	92	authors	author	NOUN
gujaf-148	170	93	(	(	PUNCT
gujaf-148	170	94	2022	2022	NUM
gujaf-148	170	95	)	)	PUNCT
gujaf-148	170	96	the	the	DET
gujaf-148	170	97	rule	rule	NOUN
gujaf-148	170	98	of	of	ADP
gujaf-148	170	99	thumb	thumb	NOUN
gujaf-148	170	100	states	state	VERB
gujaf-148	170	101	that	that	SCONJ
gujaf-148	170	102	a	a	DET
gujaf-148	170	103	variable	variable	NOUN
gujaf-148	170	104	is	be	AUX
gujaf-148	170	105	not	not	PART
gujaf-148	170	106	normally	normally	ADV
gujaf-148	170	107	distributed	distribute	VERB
gujaf-148	170	108	if	if	SCONJ
gujaf-148	170	109	the	the	DET
gujaf-148	170	110	probability	probability	NOUN
gujaf-148	170	111	value	value	NOUN
gujaf-148	170	112	of	of	ADP
gujaf-148	170	113	the	the	DET
gujaf-148	170	114	variable	variable	NOUN
gujaf-148	170	115	of	of	ADP
gujaf-148	170	116	interest	interest	NOUN
gujaf-148	170	117	is	be	AUX
gujaf-148	170	118	significant	significant	ADJ
gujaf-148	170	119	at	at	ADP
gujaf-148	170	120	1	1	NUM
gujaf-148	170	121	percent	percent	NOUN
gujaf-148	170	122	or	or	CCONJ
gujaf-148	170	123	5	5	NUM
gujaf-148	170	124	percent	percent	NOUN
gujaf-148	170	125	.	.	PUNCT
gujaf-148	171	1	the	the	DET
gujaf-148	171	2	findings	finding	NOUN
gujaf-148	171	3	also	also	ADV
gujaf-148	171	4	show	show	VERB
gujaf-148	171	5	that	that	SCONJ
gujaf-148	171	6	all	all	DET
gujaf-148	171	7	relevant	relevant	ADJ
gujaf-148	171	8	parameters	parameter	NOUN
gujaf-148	171	9	are	be	AUX
gujaf-148	171	10	regularly	regularly	ADV
gujaf-148	171	11	distributed	distribute	VERB
gujaf-148	171	12	,	,	PUNCT
gujaf-148	171	13	as	as	SCONJ
gujaf-148	171	14	some	some	DET
gujaf-148	171	15	variables	variable	NOUN
gujaf-148	171	16	,	,	PUNCT
gujaf-148	171	17	like	like	ADP
gujaf-148	171	18	board	board	NOUN
gujaf-148	171	19	ownership	ownership	NOUN
gujaf-148	171	20	,	,	PUNCT
gujaf-148	171	21	leverage	leverage	NOUN
gujaf-148	171	22	,	,	PUNCT
gujaf-148	171	23	and	and	CCONJ
gujaf-148	171	24	stock	stock	NOUN
gujaf-148	171	25	price	price	NOUN
gujaf-148	171	26	,	,	PUNCT
gujaf-148	171	27	are	be	AUX
gujaf-148	171	28	significant	significant	ADJ
gujaf-148	171	29	at	at	ADP
gujaf-148	171	30	1	1	NUM
gujaf-148	171	31	%	%	NOUN
gujaf-148	171	32	,	,	PUNCT
gujaf-148	171	33	while	while	SCONJ
gujaf-148	171	34	others	other	NOUN
gujaf-148	171	35	,	,	PUNCT
gujaf-148	171	36	like	like	ADP
gujaf-148	171	37	board	board	NOUN
gujaf-148	171	38	size	size	NOUN
gujaf-148	171	39	,	,	PUNCT
gujaf-148	171	40	independence	independence	NOUN
gujaf-148	171	41	,	,	PUNCT
gujaf-148	171	42	and	and	CCONJ
gujaf-148	171	43	gender	gender	NOUN
gujaf-148	171	44	diversity	diversity	NOUN
gujaf-148	171	45	,	,	PUNCT
gujaf-148	171	46	are	be	AUX
gujaf-148	171	47	significant	significant	ADJ
gujaf-148	171	48	at	at	ADP
gujaf-148	171	49	5	5	NUM
gujaf-148	171	50	%	%	NOUN
gujaf-148	171	51	.	.	PUNCT
gujaf-148	172	1	table	table	NOUN
gujaf-148	172	2	3	3	NUM
gujaf-148	172	3	:	:	PUNCT
gujaf-148	172	4	correlation	correlation	NOUN
gujaf-148	172	5	matrix	matrix	NOUN
gujaf-148	172	6	result	result	NOUN
gujaf-148	172	7	variables	variable	NOUN
gujaf-148	172	8	s	s	PART
gujaf-148	172	9	-	-	PUNCT
gujaf-148	172	10	price	price	NOUN
gujaf-148	172	11	b	b	NOUN
gujaf-148	172	12	-	-	PUNCT
gujaf-148	172	13	size	size	NOUN
gujaf-148	172	14	b	b	X
gujaf-148	172	15	-	-	PUNCT
gujaf-148	172	16	ind	ind	ADJ
gujaf-148	172	17	b	b	NOUN
gujaf-148	172	18	-	-	PUNCT
gujaf-148	172	19	own	own	ADJ
gujaf-148	172	20	bg	bg	NOUN
gujaf-148	172	21	-	-	PUNCT
gujaf-148	172	22	div	div	ADJ
gujaf-148	172	23	lev	lev	NOUN
gujaf-148	172	24	s	s	NOUN
gujaf-148	172	25	-	-	PUNCT
gujaf-148	172	26	price	price	NOUN
gujaf-148	172	27	1.0000	1.0000	NUM
gujaf-148	172	28	b	b	NUM
gujaf-148	172	29	-	-	PUNCT
gujaf-148	172	30	size	size	NOUN
gujaf-148	172	31	-0.531	-0.531	NOUN
gujaf-148	172	32	1.0000	1.0000	NUM
gujaf-148	172	33	0.4612	0.4612	NUM
gujaf-148	172	34	b	b	X
gujaf-148	172	35	-	-	PUNCT
gujaf-148	172	36	ind	ind	ADJ
gujaf-148	172	37	-0.0681	-0.0681	NOUN
gujaf-148	172	38	-0.4415	-0.4415	PROPN
gujaf-148	173	1	*	*	PUNCT
gujaf-148	173	2	1.0000	1.0000	NUM
gujaf-148	173	3	0.3444	0.3444	NUM
gujaf-148	173	4	0.0000	0.0000	NUM
gujaf-148	173	5	b	b	X
gujaf-148	173	6	-	-	PUNCT
gujaf-148	173	7	own	own	ADJ
gujaf-148	173	8	-0.2426	-0.2426	NOUN
gujaf-148	173	9	*	*	PUNCT
gujaf-148	174	1	0.3386	0.3386	NUM
gujaf-148	174	2	*	*	PUNCT
gujaf-148	174	3	0.1291	0.1291	NUM
gujaf-148	174	4	1.0000	1.0000	NUM
gujaf-148	174	5	0.0006	0.0006	NUM
gujaf-148	174	6	0.0000	0.0000	NUM
gujaf-148	174	7	0.0720	0.0720	NUM
gujaf-148	174	8	bg	bg	NOUN
gujaf-148	174	9	-	-	PUNCT
gujaf-148	174	10	div	div	NOUN
gujaf-148	174	11	0.0520	0.0520	NUM
gujaf-148	174	12	0.1897	0.1897	NUM
gujaf-148	174	13	*	*	SYM
gujaf-148	174	14	0.0926	0.0926	NUM
gujaf-148	174	15	-0.0866	-0.0866	NOUN
gujaf-148	174	16	1.0000	1.0000	NUM
gujaf-148	174	17	0.4706	0.4706	NUM
gujaf-148	174	18	0.0076	0.0076	NUM
gujaf-148	174	19	0.1981	0.1981	NUM
gujaf-148	174	20	0.2288	0.2288	NUM
gujaf-148	174	21	lev	lev	NOUN
gujaf-148	174	22	0.0220	0.0220	NUM
gujaf-148	174	23	0.1347	0.1347	NUM
gujaf-148	174	24	0.0762	0.0762	NUM
gujaf-148	174	25	-0.1873	-0.1873	NOUN
gujaf-148	174	26	*	*	PUNCT
gujaf-148	174	27	-0.0307	-0.0307	NOUN
gujaf-148	174	28	1.000	1.000	NUM
gujaf-148	174	29	0.7592	0.7592	NUM
gujaf-148	175	1	0.0604	0.0604	NUM
gujaf-148	175	2	0.2896	0.2896	NUM
gujaf-148	175	3	0.0086	0.0086	NUM
gujaf-148	175	4	0.6697	0.6697	NUM
gujaf-148	175	5	source	source	NOUN
gujaf-148	175	6	:	:	PUNCT
gujaf-148	175	7	stata	stata	PROPN
gujaf-148	175	8	output	output	NOUN
gujaf-148	175	9	compiled	compile	VERB
gujaf-148	175	10	by	by	ADP
gujaf-148	175	11	authors	author	NOUN
gujaf-148	175	12	(	(	PUNCT
gujaf-148	175	13	2022	2022	NUM
gujaf-148	175	14	)	)	PUNCT
gujaf-148	175	15	a	a	DET
gujaf-148	175	16	linear	linear	ADJ
gujaf-148	175	17	link	link	NOUN
gujaf-148	175	18	between	between	ADP
gujaf-148	175	19	two	two	NUM
gujaf-148	175	20	or	or	CCONJ
gujaf-148	175	21	more	more	ADJ
gujaf-148	175	22	explanatory	explanatory	ADJ
gujaf-148	175	23	variables	variable	NOUN
gujaf-148	175	24	is	be	AUX
gujaf-148	175	25	implied	imply	VERB
gujaf-148	175	26	by	by	ADP
gujaf-148	175	27	correlation	correlation	NOUN
gujaf-148	175	28	.	.	PUNCT
gujaf-148	176	1	regression	regression	NOUN
gujaf-148	176	2	estimators	estimator	NOUN
gujaf-148	176	3	may	may	AUX
gujaf-148	176	4	be	be	AUX
gujaf-148	176	5	biased	bias	VERB
gujaf-148	176	6	since	since	SCONJ
gujaf-148	176	7	they	they	PRON
gujaf-148	176	8	frequently	frequently	ADV
gujaf-148	176	9	have	have	VERB
gujaf-148	176	10	high	high	ADJ
gujaf-148	176	11	variances	variance	NOUN
gujaf-148	176	12	because	because	SCONJ
gujaf-148	176	13	correlation	correlation	NOUN
gujaf-148	176	14	makes	make	VERB
gujaf-148	176	15	it	it	PRON
gujaf-148	176	16	difficult	difficult	ADJ
gujaf-148	176	17	to	to	PART
gujaf-148	176	18	distinguish	distinguish	VERB
gujaf-148	176	19	between	between	ADP
gujaf-148	176	20	the	the	DET
gujaf-148	176	21	various	various	ADJ
gujaf-148	176	22	impacts	impact	NOUN
gujaf-148	176	23	of	of	ADP
gujaf-148	176	24	the	the	DET
gujaf-148	176	25	explanatory	explanatory	ADJ
gujaf-148	176	26	variables	variable	NOUN
gujaf-148	176	27	.	.	PUNCT
gujaf-148	177	1	in	in	ADP
gujaf-148	177	2	murray	murray	PROPN
gujaf-148	177	3	(	(	PUNCT
gujaf-148	177	4	2006	2006	NUM
gujaf-148	177	5	)	)	PUNCT
gujaf-148	177	6	.	.	PUNCT
gujaf-148	178	1	additionally	additionally	ADV
gujaf-148	178	2	,	,	PUNCT
gujaf-148	178	3	the	the	DET
gujaf-148	178	4	regression	regression	NOUN
gujaf-148	178	5	model	model	NOUN
gujaf-148	178	6	estimates	estimate	NOUN
gujaf-148	178	7	can	can	AUX
gujaf-148	178	8	not	not	PART
gujaf-148	178	9	be	be	AUX
gujaf-148	178	10	derived	derive	VERB
gujaf-148	178	11	only	only	ADV
gujaf-148	178	12	if	if	SCONJ
gujaf-148	178	13	the	the	DET
gujaf-148	178	14	relevant	relevant	ADJ
gujaf-148	178	15	variables	variable	NOUN
gujaf-148	178	16	are	be	AUX
gujaf-148	178	17	perfectly	perfectly	ADV
gujaf-148	178	18	connected	connect	VERB
gujaf-148	178	19	linearly	linearly	ADV
gujaf-148	178	20	.	.	PUNCT
gujaf-148	179	1	the	the	DET
gujaf-148	179	2	likelihood	likelihood	NOUN
gujaf-148	179	3	of	of	ADP
gujaf-148	179	4	correlation	correlation	NOUN
gujaf-148	179	5	is	be	AUX
gujaf-148	179	6	examined	examine	VERB
gujaf-148	179	7	using	use	VERB
gujaf-148	179	8	the	the	DET
gujaf-148	179	9	correlation	correlation	NOUN
gujaf-148	179	10	matrix	matrix	NOUN
gujaf-148	179	11	,	,	PUNCT
gujaf-148	179	12	which	which	PRON
gujaf-148	179	13	contains	contain	VERB
gujaf-148	179	14	both	both	CCONJ
gujaf-148	179	15	dependent	dependent	ADJ
gujaf-148	179	16	and	and	CCONJ
gujaf-148	179	17	independent	independent	ADJ
gujaf-148	179	18	variables	variable	NOUN
gujaf-148	179	19	.	.	PUNCT
gujaf-148	180	1	12	12	NUM
gujaf-148	180	2	pearson	pearson	NOUN
gujaf-148	180	3	correlation	correlation	NOUN
gujaf-148	180	4	matrices	matrice	VERB
gujaf-148	180	5	state	state	NOUN
gujaf-148	180	6	that	that	SCONJ
gujaf-148	180	7	correlation	correlation	NOUN
gujaf-148	180	8	coefficients	coefficient	NOUN
gujaf-148	180	9	must	must	AUX
gujaf-148	180	10	be	be	AUX
gujaf-148	180	11	less	less	ADJ
gujaf-148	180	12	than	than	ADP
gujaf-148	180	13	0.8	0.8	NUM
gujaf-148	180	14	,	,	PUNCT
gujaf-148	180	15	which	which	PRON
gujaf-148	180	16	is	be	AUX
gujaf-148	180	17	the	the	DET
gujaf-148	180	18	threshold	threshold	NOUN
gujaf-148	180	19	or	or	CCONJ
gujaf-148	180	20	cutoff	cutoff	NOUN
gujaf-148	180	21	correlation	correlation	NOUN
gujaf-148	180	22	percent	percent	NOUN
gujaf-148	180	23	that	that	SCONJ
gujaf-148	180	24	previous	previous	ADJ
gujaf-148	180	25	studies	study	NOUN
gujaf-148	180	26	have	have	AUX
gujaf-148	180	27	frequently	frequently	ADV
gujaf-148	180	28	suggested	suggest	VERB
gujaf-148	180	29	is	be	AUX
gujaf-148	180	30	where	where	SCONJ
gujaf-148	180	31	collinearity	collinearity	NOUN
gujaf-148	180	32	is	be	AUX
gujaf-148	180	33	likely	likely	ADJ
gujaf-148	180	34	to	to	PART
gujaf-148	180	35	occur	occur	VERB
gujaf-148	180	36	(	(	PUNCT
gujaf-148	180	37	gujarati	gujarati	PROPN
gujaf-148	180	38	2003	2003	NUM
gujaf-148	180	39	)	)	PUNCT
gujaf-148	180	40	.	.	PUNCT
gujaf-148	181	1	you	you	PRON
gujaf-148	181	2	can	can	AUX
gujaf-148	181	3	predict	predict	VERB
gujaf-148	181	4	one	one	NUM
gujaf-148	181	5	variable	variable	NOUN
gujaf-148	181	6	using	use	VERB
gujaf-148	181	7	the	the	DET
gujaf-148	181	8	second	second	ADJ
gujaf-148	181	9	predictor	predictor	NOUN
gujaf-148	181	10	variable	variable	NOUN
gujaf-148	181	11	when	when	SCONJ
gujaf-148	181	12	there	there	PRON
gujaf-148	181	13	is	be	VERB
gujaf-148	181	14	a	a	DET
gujaf-148	181	15	high	high	ADJ
gujaf-148	181	16	correlation	correlation	NOUN
gujaf-148	181	17	between	between	ADP
gujaf-148	181	18	the	the	DET
gujaf-148	181	19	two	two	NUM
gujaf-148	181	20	predictor	predictor	NOUN
gujaf-148	181	21	variables	variable	NOUN
gujaf-148	181	22	.	.	PUNCT
gujaf-148	182	1	the	the	DET
gujaf-148	182	2	multicollinearity	multicollinearity	NOUN
gujaf-148	182	3	problem	problem	NOUN
gujaf-148	182	4	is	be	AUX
gujaf-148	182	5	this	this	PRON
gujaf-148	182	6	.	.	PUNCT
gujaf-148	183	1	analysis	analysis	NOUN
gujaf-148	183	2	of	of	ADP
gujaf-148	183	3	the	the	DET
gujaf-148	183	4	effects	effect	NOUN
gujaf-148	183	5	of	of	ADP
gujaf-148	183	6	independent	independent	ADJ
gujaf-148	183	7	factors	factor	NOUN
gujaf-148	183	8	on	on	ADP
gujaf-148	183	9	dependent	dependent	ADJ
gujaf-148	183	10	variables	variable	NOUN
gujaf-148	183	11	becomes	become	VERB
gujaf-148	183	12	challenging	challenging	ADJ
gujaf-148	183	13	as	as	ADP
gujaf-148	183	14	a	a	DET
gujaf-148	183	15	result	result	NOUN
gujaf-148	183	16	of	of	ADP
gujaf-148	183	17	unstable	unstable	ADJ
gujaf-148	183	18	regression	regression	NOUN
gujaf-148	183	19	parameter	parameter	NOUN
gujaf-148	183	20	estimates	estimate	NOUN
gujaf-148	183	21	.	.	PUNCT
gujaf-148	184	1	such	such	ADJ
gujaf-148	184	2	parameters	parameter	NOUN
gujaf-148	184	3	have	have	VERB
gujaf-148	184	4	an	an	DET
gujaf-148	184	5	extremely	extremely	ADV
gujaf-148	184	6	large	large	ADJ
gujaf-148	184	7	se	se	NOUN
gujaf-148	184	8	.	.	PUNCT
gujaf-148	185	1	there	there	PRON
gujaf-148	185	2	is	be	VERB
gujaf-148	185	3	no	no	DET
gujaf-148	185	4	reason	reason	NOUN
gujaf-148	185	5	to	to	PART
gujaf-148	185	6	be	be	AUX
gujaf-148	185	7	concerned	concern	VERB
gujaf-148	185	8	about	about	ADP
gujaf-148	185	9	the	the	DET
gujaf-148	185	10	effects	effect	NOUN
gujaf-148	185	11	of	of	ADP
gujaf-148	185	12	multicollinearity	multicollinearity	NOUN
gujaf-148	185	13	,	,	PUNCT
gujaf-148	185	14	according	accord	VERB
gujaf-148	185	15	to	to	ADP
gujaf-148	185	16	a	a	DET
gujaf-148	185	17	brief	brief	ADJ
gujaf-148	185	18	glance	glance	NOUN
gujaf-148	185	19	at	at	ADP
gujaf-148	185	20	table	table	NOUN
gujaf-148	185	21	4.2	4.2	NUM
gujaf-148	185	22	above	above	ADP
gujaf-148	185	23	the	the	DET
gujaf-148	185	24	result	result	NOUN
gujaf-148	185	25	.	.	PUNCT
gujaf-148	186	1	however	however	ADV
gujaf-148	186	2	,	,	PUNCT
gujaf-148	186	3	a	a	DET
gujaf-148	186	4	more	more	ADV
gujaf-148	186	5	sophisticated	sophisticated	ADJ
gujaf-148	186	6	method	method	NOUN
gujaf-148	186	7	known	know	VERB
gujaf-148	186	8	as	as	ADP
gujaf-148	186	9	the	the	DET
gujaf-148	186	10	variance	variance	NOUN
gujaf-148	186	11	inflation	inflation	NOUN
gujaf-148	186	12	factor	factor	NOUN
gujaf-148	186	13	test	test	NOUN
gujaf-148	186	14	is	be	AUX
gujaf-148	186	15	used	use	VERB
gujaf-148	186	16	to	to	PART
gujaf-148	186	17	further	far	ADV
gujaf-148	186	18	test	test	VERB
gujaf-148	186	19	the	the	DET
gujaf-148	186	20	relationship	relationship	NOUN
gujaf-148	186	21	between	between	ADP
gujaf-148	186	22	the	the	DET
gujaf-148	186	23	independent	independent	ADJ
gujaf-148	186	24	variables	variable	NOUN
gujaf-148	186	25	(	(	PUNCT
gujaf-148	186	26	vif	vif	NOUN
gujaf-148	186	27	)	)	PUNCT
gujaf-148	186	28	.	.	PUNCT
gujaf-148	187	1	in	in	ADP
gujaf-148	187	2	order	order	NOUN
gujaf-148	187	3	to	to	PART
gujaf-148	187	4	determine	determine	VERB
gujaf-148	187	5	the	the	DET
gujaf-148	187	6	level	level	NOUN
gujaf-148	187	7	of	of	ADP
gujaf-148	187	8	variability	variability	NOUN
gujaf-148	187	9	,	,	PUNCT
gujaf-148	187	10	the	the	DET
gujaf-148	187	11	study	study	NOUN
gujaf-148	187	12	used	use	VERB
gujaf-148	187	13	the	the	DET
gujaf-148	187	14	variance	variance	NOUN
gujaf-148	187	15	inflation	inflation	NOUN
gujaf-148	187	16	factor	factor	NOUN
gujaf-148	187	17	test	test	NOUN
gujaf-148	187	18	to	to	PART
gujaf-148	187	19	examine	examine	VERB
gujaf-148	187	20	the	the	DET
gujaf-148	187	21	relationship	relationship	NOUN
gujaf-148	187	22	between	between	ADP
gujaf-148	187	23	the	the	DET
gujaf-148	187	24	independent	independent	ADJ
gujaf-148	187	25	variables	variable	NOUN
gujaf-148	187	26	.	.	PUNCT
gujaf-148	188	1	test	test	NOUN
gujaf-148	188	2	for	for	ADP
gujaf-148	188	3	multicollinearity	multicollinearity	NOUN
gujaf-148	188	4	with	with	ADP
gujaf-148	188	5	variance	variance	NOUN
gujaf-148	188	6	inflation	inflation	NOUN
gujaf-148	188	7	factor	factor	NOUN
gujaf-148	188	8	(	(	PUNCT
gujaf-148	188	9	vif	vif	NOUN
gujaf-148	188	10	)	)	PUNCT
gujaf-148	188	11	table	table	NOUN
gujaf-148	188	12	4	4	NUM
gujaf-148	188	13	:	:	PUNCT
gujaf-148	188	14	variance	variance	NOUN
gujaf-148	188	15	inflation	inflation	NOUN
gujaf-148	188	16	factor	factor	NOUN
gujaf-148	188	17	test	test	NOUN
gujaf-148	188	18	result	result	NOUN
gujaf-148	188	19	variables	variable	NOUN
gujaf-148	188	20	vif	vif	NOUN
gujaf-148	188	21	1	1	NUM
gujaf-148	188	22	/	/	SYM
gujaf-148	188	23	vif	vif	PROPN
gujaf-148	188	24	b	b	NOUN
gujaf-148	188	25	-	-	PUNCT
gujaf-148	188	26	size	size	NOUN
gujaf-148	188	27	1.52	1.52	NUM
gujaf-148	188	28	0.704960	0.704960	NUM
gujaf-148	188	29	b	b	X
gujaf-148	188	30	-	-	PUNCT
gujaf-148	188	31	ind	ind	ADJ
gujaf-148	188	32	1.34	1.34	NUM
gujaf-148	188	33	0.804160	0.804160	NUM
gujaf-148	188	34	b	b	X
gujaf-148	188	35	-	-	PUNCT
gujaf-148	188	36	own	own	ADJ
gujaf-148	188	37	1.26	1.26	NUM
gujaf-148	188	38	0.860683	0.860683	NUM
gujaf-148	188	39	lev	lev	NOUN
gujaf-148	188	40	1.15	1.15	NUM
gujaf-148	188	41	0.951959	0.951959	NUM
gujaf-148	188	42	bg	bg	PROPN
gujaf-148	188	43	-	-	PUNCT
gujaf-148	188	44	div	div	NOUN
gujaf-148	188	45	1.24	1.24	NUM
gujaf-148	188	46	0.959650	0.959650	NUM
gujaf-148	188	47	mean	mean	NOUN
gujaf-148	188	48	vif	vif	PROPN
gujaf-148	188	49	1.30	1.30	NUM
gujaf-148	188	50	source	source	NOUN
gujaf-148	188	51	:	:	PUNCT
gujaf-148	188	52	stata	stata	PROPN
gujaf-148	188	53	output	output	NOUN
gujaf-148	188	54	compiled	compile	VERB
gujaf-148	188	55	by	by	ADP
gujaf-148	188	56	authors	author	NOUN
gujaf-148	188	57	(	(	PUNCT
gujaf-148	188	58	2022	2022	NUM
gujaf-148	188	59	)	)	PUNCT
gujaf-148	188	60	gujarati	gujarati	PROPN
gujaf-148	188	61	(	(	PUNCT
gujaf-148	188	62	2003	2003	NUM
gujaf-148	188	63	)	)	PUNCT
gujaf-148	188	64	asserts	assert	VERB
gujaf-148	188	65	that	that	SCONJ
gujaf-148	188	66	if	if	SCONJ
gujaf-148	188	67	the	the	DET
gujaf-148	188	68	mean	mean	NOUN
gujaf-148	188	69	vif	vif	NOUN
gujaf-148	188	70	is	be	AUX
gujaf-148	188	71	close	close	ADJ
gujaf-148	188	72	to	to	ADP
gujaf-148	188	73	10	10	NUM
gujaf-148	188	74	,	,	PUNCT
gujaf-148	188	75	there	there	PRON
gujaf-148	188	76	are	be	VERB
gujaf-148	188	77	no	no	DET
gujaf-148	188	78	consequences	consequence	NOUN
gujaf-148	188	79	.	.	PUNCT
gujaf-148	189	1	the	the	DET
gujaf-148	189	2	mean	mean	ADJ
gujaf-148	189	3	-	-	PUNCT
gujaf-148	189	4	variance	variance	NOUN
gujaf-148	189	5	inflation	inflation	NOUN
gujaf-148	189	6	factor	factor	NOUN
gujaf-148	189	7	(	(	PUNCT
gujaf-148	189	8	vif	vif	PROPN
gujaf-148	189	9	)	)	PUNCT
gujaf-148	189	10	of	of	ADP
gujaf-148	189	11	the	the	DET
gujaf-148	189	12	explanatory	explanatory	ADJ
gujaf-148	189	13	variables	variable	NOUN
gujaf-148	189	14	is	be	AUX
gujaf-148	189	15	shown	show	VERB
gujaf-148	189	16	in	in	ADP
gujaf-148	189	17	table	table	NOUN
gujaf-148	189	18	4:3	4:3	NUM
gujaf-148	189	19	below	below	ADV
gujaf-148	189	20	.	.	PUNCT
gujaf-148	190	1	since	since	SCONJ
gujaf-148	190	2	the	the	DET
gujaf-148	190	3	mean	mean	NOUN
gujaf-148	190	4	vif	vif	NOUN
gujaf-148	190	5	is	be	AUX
gujaf-148	190	6	within	within	ADP
gujaf-148	190	7	the	the	DET
gujaf-148	190	8	range	range	NOUN
gujaf-148	190	9	of	of	ADP
gujaf-148	190	10	10	10	NUM
gujaf-148	190	11	against	against	ADP
gujaf-148	190	12	which	which	PRON
gujaf-148	190	13	the	the	DET
gujaf-148	190	14	presence	presence	NOUN
gujaf-148	190	15	of	of	ADP
gujaf-148	190	16	multicollinearity	multicollinearity	NOUN
gujaf-148	190	17	may	may	AUX
gujaf-148	190	18	be	be	AUX
gujaf-148	190	19	suspected	suspect	VERB
gujaf-148	190	20	,	,	PUNCT
gujaf-148	190	21	the	the	DET
gujaf-148	190	22	result	result	NOUN
gujaf-148	190	23	illustrates	illustrate	VERB
gujaf-148	190	24	the	the	DET
gujaf-148	190	25	absence	absence	NOUN
gujaf-148	190	26	of	of	ADP
gujaf-148	190	27	the	the	DET
gujaf-148	190	28	repercussions	repercussion	NOUN
gujaf-148	190	29	of	of	ADP
gujaf-148	190	30	multi	multi	NOUN
gujaf-148	190	31	-	-	NOUN
gujaf-148	190	32	collinearity	collinearity	NOUN
gujaf-148	190	33	in	in	ADP
gujaf-148	190	34	the	the	DET
gujaf-148	190	35	model	model	NOUN
gujaf-148	190	36	employed	employ	VERB
gujaf-148	190	37	for	for	ADP
gujaf-148	190	38	the	the	DET
gujaf-148	190	39	analysis	analysis	NOUN
gujaf-148	190	40	.	.	PUNCT
gujaf-148	191	1	heteroscedasticity	heteroscedasticity	NOUN
gujaf-148	191	2	test	test	VERB
gujaf-148	191	3	the	the	DET
gujaf-148	191	4	breusch	breusch	ADV
gujaf-148	191	5	-	-	PUNCT
gujaf-148	191	6	pagan	pagan	VERB
gujaf-148	191	7	/	/	SYM
gujaf-148	191	8	cook	cook	PROPN
gujaf-148	191	9	-	-	PUNCT
gujaf-148	191	10	weisberg	weisberg	PROPN
gujaf-148	191	11	test	test	NOUN
gujaf-148	191	12	was	be	AUX
gujaf-148	191	13	utilized	utilize	VERB
gujaf-148	191	14	in	in	ADP
gujaf-148	191	15	this	this	DET
gujaf-148	191	16	investigation	investigation	NOUN
gujaf-148	191	17	to	to	PART
gujaf-148	191	18	determine	determine	VERB
gujaf-148	191	19	whether	whether	SCONJ
gujaf-148	191	20	the	the	DET
gujaf-148	191	21	data	datum	NOUN
gujaf-148	191	22	set	set	VERB
gujaf-148	191	23	used	use	VERB
gujaf-148	191	24	for	for	ADP
gujaf-148	191	25	the	the	DET
gujaf-148	191	26	study	study	NOUN
gujaf-148	191	27	had	have	VERB
gujaf-148	191	28	heteroscedasticity	heteroscedasticity	NOUN
gujaf-148	191	29	.	.	PUNCT
gujaf-148	192	1	the	the	DET
gujaf-148	192	2	probability	probability	NOUN
gujaf-148	192	3	chi	chi	PROPN
gujaf-148	192	4	square	square	ADJ
gujaf-148	192	5	value	value	NOUN
gujaf-148	192	6	of	of	ADP
gujaf-148	192	7	0.0005	0.0005	NUM
gujaf-148	192	8	,	,	PUNCT
gujaf-148	192	9	which	which	PRON
gujaf-148	192	10	is	be	AUX
gujaf-148	192	11	statistically	statistically	ADV
gujaf-148	192	12	significant	significant	ADJ
gujaf-148	192	13	at	at	ADP
gujaf-148	192	14	the	the	DET
gujaf-148	192	15	5	5	NUM
gujaf-148	192	16	percent	percent	NOUN
gujaf-148	192	17	level	level	NOUN
gujaf-148	192	18	,	,	PUNCT
gujaf-148	192	19	showed	show	VERB
gujaf-148	192	20	that	that	SCONJ
gujaf-148	192	21	there	there	PRON
gujaf-148	192	22	was	be	VERB
gujaf-148	192	23	heteroscadasticity	heteroscadasticity	NOUN
gujaf-148	192	24	in	in	ADP
gujaf-148	192	25	the	the	DET
gujaf-148	192	26	data	datum	NOUN
gujaf-148	192	27	set	set	VERB
gujaf-148	192	28	.	.	PUNCT
gujaf-148	193	1	however	however	ADV
gujaf-148	193	2	,	,	PUNCT
gujaf-148	193	3	13	13	NUM
gujaf-148	193	4	we	we	PRON
gujaf-148	193	5	use	use	VERB
gujaf-148	193	6	the	the	DET
gujaf-148	193	7	robust	robust	ADJ
gujaf-148	193	8	regression	regression	NOUN
gujaf-148	193	9	analysis	analysis	NOUN
gujaf-148	193	10	described	describe	VERB
gujaf-148	193	11	below	below	ADV
gujaf-148	193	12	to	to	PART
gujaf-148	193	13	account	account	VERB
gujaf-148	193	14	for	for	ADP
gujaf-148	193	15	the	the	DET
gujaf-148	193	16	influence	influence	NOUN
gujaf-148	193	17	of	of	ADP
gujaf-148	193	18	heteroscedasticity	heteroscedasticity	PROPN
gujaf-148	193	19	.	.	PUNCT
gujaf-148	194	1	regression	regression	VERB
gujaf-148	194	2	analysis	analysis	NOUN
gujaf-148	194	3	the	the	DET
gujaf-148	194	4	study	study	NOUN
gujaf-148	194	5	found	find	VERB
gujaf-148	194	6	an	an	DET
gujaf-148	194	7	r	r	NOUN
gujaf-148	194	8	-	-	PUNCT
gujaf-148	194	9	squared	square	VERB
gujaf-148	194	10	value	value	NOUN
gujaf-148	194	11	of	of	ADP
gujaf-148	194	12	0.09	0.09	NUM
gujaf-148	194	13	,	,	PUNCT
gujaf-148	194	14	which	which	PRON
gujaf-148	194	15	means	mean	VERB
gujaf-148	194	16	that	that	SCONJ
gujaf-148	194	17	throughout	throughout	ADP
gujaf-148	194	18	the	the	DET
gujaf-148	194	19	study	study	NOUN
gujaf-148	194	20	period	period	NOUN
gujaf-148	194	21	,	,	PUNCT
gujaf-148	194	22	the	the	DET
gujaf-148	194	23	independent	independent	ADJ
gujaf-148	194	24	variables	variable	NOUN
gujaf-148	194	25	jointly	jointly	ADV
gujaf-148	194	26	explained	explain	VERB
gujaf-148	194	27	around	around	ADP
gujaf-148	194	28	9	9	NUM
gujaf-148	194	29	%	%	NOUN
gujaf-148	194	30	of	of	ADP
gujaf-148	194	31	the	the	DET
gujaf-148	194	32	systematic	systematic	ADJ
gujaf-148	194	33	fluctuations	fluctuation	NOUN
gujaf-148	194	34	in	in	ADP
gujaf-148	194	35	stock	stock	NOUN
gujaf-148	194	36	price	price	NOUN
gujaf-148	194	37	performance	performance	NOUN
gujaf-148	194	38	.	.	PUNCT
gujaf-148	195	1	this	this	PRON
gujaf-148	195	2	suggests	suggest	VERB
gujaf-148	195	3	that	that	SCONJ
gujaf-148	195	4	the	the	DET
gujaf-148	195	5	independent	independent	ADJ
gujaf-148	195	6	variables	variable	NOUN
gujaf-148	195	7	used	use	VERB
gujaf-148	195	8	in	in	ADP
gujaf-148	195	9	this	this	DET
gujaf-148	195	10	study	study	NOUN
gujaf-148	195	11	were	be	AUX
gujaf-148	195	12	not	not	PART
gujaf-148	195	13	able	able	ADJ
gujaf-148	195	14	to	to	PART
gujaf-148	195	15	fully	fully	ADV
gujaf-148	195	16	explain	explain	VERB
gujaf-148	195	17	the	the	DET
gujaf-148	195	18	changes	change	NOUN
gujaf-148	195	19	in	in	ADP
gujaf-148	195	20	stock	stock	NOUN
gujaf-148	195	21	price	price	NOUN
gujaf-148	195	22	performance	performance	NOUN
gujaf-148	195	23	;	;	PUNCT
gujaf-148	195	24	therefore	therefore	ADV
gujaf-148	195	25	,	,	PUNCT
gujaf-148	195	26	the	the	DET
gujaf-148	195	27	error	error	NOUN
gujaf-148	195	28	term	term	NOUN
gujaf-148	195	29	accounts	account	VERB
gujaf-148	195	30	for	for	ADP
gujaf-148	195	31	the	the	DET
gujaf-148	195	32	remaining	remain	VERB
gujaf-148	195	33	91	91	NUM
gujaf-148	195	34	percent	percent	NOUN
gujaf-148	195	35	of	of	ADP
gujaf-148	195	36	the	the	DET
gujaf-148	195	37	variances	variance	NOUN
gujaf-148	195	38	.	.	PUNCT
gujaf-148	196	1	in	in	ADP
gujaf-148	196	2	addition	addition	NOUN
gujaf-148	196	3	to	to	ADP
gujaf-148	196	4	the	the	DET
gujaf-148	196	5	foregoing	foregoing	NOUN
gujaf-148	196	6	,	,	PUNCT
gujaf-148	196	7	the	the	DET
gujaf-148	196	8	following	follow	VERB
gujaf-148	196	9	details	detail	NOUN
gujaf-148	196	10	are	be	AUX
gujaf-148	196	11	presented	present	VERB
gujaf-148	196	12	regarding	regard	VERB
gujaf-148	196	13	each	each	DET
gujaf-148	196	14	explanatory	explanatory	ADJ
gujaf-148	196	15	variable	variable	NOUN
gujaf-148	196	16	's	's	PART
gujaf-148	196	17	unique	unique	ADJ
gujaf-148	196	18	findings	finding	NOUN
gujaf-148	196	19	from	from	ADP
gujaf-148	196	20	the	the	DET
gujaf-148	196	21	fixed	fix	VERB
gujaf-148	196	22	effect	effect	NOUN
gujaf-148	196	23	panel	panel	NOUN
gujaf-148	196	24	regression	regression	NOUN
gujaf-148	196	25	models	model	NOUN
gujaf-148	196	26	:	:	PUNCT
gujaf-148	196	27	hypothesis	hypothesis	NOUN
gujaf-148	196	28	1	1	NUM
gujaf-148	196	29	:	:	PUNCT
gujaf-148	196	30	board	board	NOUN
gujaf-148	196	31	size	size	NOUN
gujaf-148	196	32	has	have	VERB
gujaf-148	196	33	no	no	DET
gujaf-148	196	34	appreciable	appreciable	ADJ
gujaf-148	196	35	impact	impact	NOUN
gujaf-148	196	36	on	on	ADP
gujaf-148	196	37	listed	list	VERB
gujaf-148	196	38	banks	bank	NOUN
gujaf-148	196	39	'	'	PART
gujaf-148	196	40	and	and	CCONJ
gujaf-148	196	41	real	real	ADJ
gujaf-148	196	42	estate	estate	NOUN
gujaf-148	196	43	/	/	SYM
gujaf-148	196	44	construction	construction	NOUN
gujaf-148	196	45	companies	company	NOUN
gujaf-148	196	46	'	'	PART
gujaf-148	196	47	stock	stock	NOUN
gujaf-148	196	48	price	price	NOUN
gujaf-148	196	49	performance	performance	NOUN
gujaf-148	196	50	in	in	ADP
gujaf-148	196	51	nigeria	nigeria	PROPN
gujaf-148	196	52	.	.	PUNCT
gujaf-148	197	1	the	the	DET
gujaf-148	197	2	board	board	NOUN
gujaf-148	197	3	size	size	NOUN
gujaf-148	197	4	(	(	PUNCT
gujaf-148	197	5	b	b	NOUN
gujaf-148	197	6	size	size	NOUN
gujaf-148	197	7	)	)	PUNCT
gujaf-148	197	8	variable	variable	NOUN
gujaf-148	197	9	is	be	AUX
gujaf-148	197	10	shown	show	VERB
gujaf-148	197	11	in	in	ADP
gujaf-148	197	12	the	the	DET
gujaf-148	197	13	robust	robust	ADJ
gujaf-148	197	14	least	least	ADJ
gujaf-148	197	15	square	square	ADJ
gujaf-148	197	16	regression	regression	NOUN
gujaf-148	197	17	model	model	NOUN
gujaf-148	197	18	above	above	ADV
gujaf-148	197	19	with	with	ADP
gujaf-148	197	20	the	the	DET
gujaf-148	197	21	following	follow	VERB
gujaf-148	197	22	values	value	NOUN
gujaf-148	197	23	:	:	PUNCT
gujaf-148	197	24	coef	coef	PROPN
gujaf-148	197	25	.	.	PUNCT
gujaf-148	198	1	=	=	PUNCT
gujaf-148	198	2	-0.775	-0.775	PROPN
gujaf-148	198	3	,	,	PUNCT
gujaf-148	198	4	t	t	NOUN
gujaf-148	198	5	=	=	SYM
gujaf-148	198	6	-3.41	-3.41	NOUN
gujaf-148	198	7	,	,	PUNCT
gujaf-148	198	8	and	and	CCONJ
gujaf-148	198	9	p	p	X
gujaf-148	198	10	-	-	PUNCT
gujaf-148	198	11	value	value	NOUN
gujaf-148	198	12	=	=	NOUN
gujaf-148	198	13	0.0008	0.0008	NUM
gujaf-148	198	14	.	.	PUNCT
gujaf-148	199	1	according	accord	VERB
gujaf-148	199	2	to	to	ADP
gujaf-148	199	3	the	the	DET
gujaf-148	199	4	aforementioned	aforementioned	ADJ
gujaf-148	199	5	findings	finding	NOUN
gujaf-148	199	6	,	,	PUNCT
gujaf-148	199	7	it	it	PRON
gujaf-148	199	8	is	be	AUX
gujaf-148	199	9	evident	evident	ADJ
gujaf-148	199	10	that	that	SCONJ
gujaf-148	199	11	board	board	NOUN
gujaf-148	199	12	size	size	NOUN
gujaf-148	199	13	has	have	VERB
gujaf-148	199	14	a	a	DET
gujaf-148	199	15	negative	negative	ADJ
gujaf-148	199	16	and	and	CCONJ
gujaf-148	199	17	statistically	statistically	ADV
gujaf-148	199	18	significant	significant	ADJ
gujaf-148	199	19	impact	impact	NOUN
gujaf-148	199	20	on	on	ADP
gujaf-148	199	21	the	the	DET
gujaf-148	199	22	stock	stock	NOUN
gujaf-148	199	23	price	price	NOUN
gujaf-148	199	24	performance	performance	NOUN
gujaf-148	199	25	of	of	ADP
gujaf-148	199	26	listed	list	VERB
gujaf-148	199	27	banks	bank	NOUN
gujaf-148	199	28	and	and	CCONJ
gujaf-148	199	29	construction	construction	NOUN
gujaf-148	199	30	/	/	SYM
gujaf-148	199	31	real	real	ADJ
gujaf-148	199	32	estate	estate	NOUN
gujaf-148	199	33	companies	company	NOUN
gujaf-148	199	34	in	in	ADP
gujaf-148	199	35	nigeria	nigeria	PROPN
gujaf-148	199	36	.	.	PUNCT
gujaf-148	200	1	this	this	DET
gujaf-148	200	2	result	result	NOUN
gujaf-148	200	3	confirms	confirm	VERB
gujaf-148	200	4	earlier	early	ADJ
gujaf-148	200	5	predictions	prediction	NOUN
gujaf-148	200	6	that	that	SCONJ
gujaf-148	200	7	a	a	DET
gujaf-148	200	8	one	one	NUM
gujaf-148	200	9	-	-	PUNCT
gujaf-148	200	10	member	member	NOUN
gujaf-148	200	11	increase	increase	NOUN
gujaf-148	200	12	in	in	ADP
gujaf-148	200	13	the	the	DET
gujaf-148	200	14	board	board	NOUN
gujaf-148	200	15	's	's	PART
gujaf-148	200	16	size	size	NOUN
gujaf-148	200	17	would	would	AUX
gujaf-148	200	18	result	result	VERB
gujaf-148	200	19	in	in	ADP
gujaf-148	200	20	a	a	DET
gujaf-148	200	21	marked	mark	VERB
gujaf-148	200	22	decline	decline	NOUN
gujaf-148	200	23	in	in	ADP
gujaf-148	200	24	the	the	DET
gujaf-148	200	25	sample	sample	NOUN
gujaf-148	200	26	firms	firm	NOUN
gujaf-148	200	27	'	'	PART
gujaf-148	200	28	stock	stock	NOUN
gujaf-148	200	29	price	price	NOUN
gujaf-148	200	30	performance	performance	NOUN
gujaf-148	200	31	.	.	PUNCT
gujaf-148	201	1	the	the	DET
gujaf-148	201	2	study	study	NOUN
gujaf-148	201	3	rejects	reject	VERB
gujaf-148	201	4	the	the	DET
gujaf-148	201	5	null	null	ADJ
gujaf-148	201	6	hypothesis	hypothesis	NOUN
gujaf-148	201	7	by	by	ADP
gujaf-148	201	8	accepting	accept	VERB
gujaf-148	201	9	the	the	DET
gujaf-148	201	10	alternative	alternative	ADJ
gujaf-148	201	11	hypothesis	hypothesis	NOUN
gujaf-148	201	12	in	in	ADP
gujaf-148	201	13	light	light	NOUN
gujaf-148	201	14	of	of	ADP
gujaf-148	201	15	the	the	DET
gujaf-148	201	16	findings	finding	NOUN
gujaf-148	201	17	.	.	PUNCT
gujaf-148	202	1	according	accord	VERB
gujaf-148	202	2	to	to	ADP
gujaf-148	202	3	the	the	DET
gujaf-148	202	4	study	study	NOUN
gujaf-148	202	5	,	,	PUNCT
gujaf-148	202	6	the	the	DET
gujaf-148	202	7	performance	performance	NOUN
gujaf-148	202	8	of	of	ADP
gujaf-148	202	9	stock	stock	NOUN
gujaf-148	202	10	prices	price	NOUN
gujaf-148	202	11	is	be	AUX
gujaf-148	202	12	negatively	negatively	ADV
gujaf-148	202	13	impacted	impact	VERB
gujaf-148	202	14	by	by	ADP
gujaf-148	202	15	board	board	NOUN
gujaf-148	202	16	size	size	NOUN
gujaf-148	202	17	in	in	ADP
gujaf-148	202	18	a	a	DET
gujaf-148	202	19	statistically	statistically	ADV
gujaf-148	202	20	significant	significant	ADJ
gujaf-148	202	21	way	way	NOUN
gujaf-148	202	22	.	.	PUNCT
gujaf-148	203	1	hypothesis	hypothesis	NOUN
gujaf-148	203	2	2	2	NUM
gujaf-148	203	3	:	:	PUNCT
gujaf-148	203	4	in	in	ADP
gujaf-148	203	5	nigeria	nigeria	PROPN
gujaf-148	203	6	,	,	PUNCT
gujaf-148	203	7	quoted	quote	VERB
gujaf-148	203	8	banks	bank	NOUN
gujaf-148	203	9	and	and	CCONJ
gujaf-148	203	10	real	real	ADJ
gujaf-148	203	11	estate	estate	NOUN
gujaf-148	203	12	and	and	CCONJ
gujaf-148	203	13	construction	construction	NOUN
gujaf-148	203	14	companies	company	NOUN
gujaf-148	203	15	'	'	PART
gujaf-148	203	16	stock	stock	NOUN
gujaf-148	203	17	price	price	NOUN
gujaf-148	203	18	performance	performance	NOUN
gujaf-148	203	19	are	be	AUX
gujaf-148	203	20	unaffected	unaffected	ADJ
gujaf-148	203	21	by	by	ADP
gujaf-148	203	22	board	board	NOUN
gujaf-148	203	23	independence	independence	NOUN
gujaf-148	203	24	.	.	PUNCT
gujaf-148	204	1	the	the	DET
gujaf-148	204	2	variable	variable	NOUN
gujaf-148	204	3	of	of	ADP
gujaf-148	204	4	board	board	NOUN
gujaf-148	204	5	independence	independence	NOUN
gujaf-148	204	6	(	(	PUNCT
gujaf-148	204	7	b	b	NOUN
gujaf-148	204	8	ind	ind	NOUN
gujaf-148	204	9	)	)	PUNCT
gujaf-148	204	10	is	be	AUX
gujaf-148	204	11	shown	show	VERB
gujaf-148	204	12	in	in	ADP
gujaf-148	204	13	the	the	DET
gujaf-148	204	14	robust	robust	ADJ
gujaf-148	204	15	least	least	ADJ
gujaf-148	204	16	square	square	ADJ
gujaf-148	204	17	regression	regression	NOUN
gujaf-148	204	18	model	model	NOUN
gujaf-148	204	19	shown	show	VERB
gujaf-148	204	20	above	above	ADV
gujaf-148	204	21	(	(	PUNCT
gujaf-148	204	22	coef	coef	PROPN
gujaf-148	204	23	.	.	PUNCT
gujaf-148	205	1	=	=	PUNCT
gujaf-148	206	1	-0.129	-0.129	PROPN
gujaf-148	206	2	,	,	PUNCT
gujaf-148	206	3	t	t	NOUN
gujaf-148	206	4	=	=	SYM
gujaf-148	206	5	-1.51	-1.51	NOUN
gujaf-148	206	6	,	,	PUNCT
gujaf-148	206	7	and	and	CCONJ
gujaf-148	206	8	p	p	X
gujaf-148	206	9	-	-	PUNCT
gujaf-148	206	10	value	value	NOUN
gujaf-148	206	11	=	=	NOUN
gujaf-148	206	12	0.1327	0.1327	NUM
gujaf-148	206	13	)	)	PUNCT
gujaf-148	206	14	.	.	PUNCT
gujaf-148	207	1	in	in	ADP
gujaf-148	207	2	light	light	NOUN
gujaf-148	207	3	of	of	ADP
gujaf-148	207	4	the	the	DET
gujaf-148	207	5	aforementioned	aforementioned	ADJ
gujaf-148	207	6	findings	finding	NOUN
gujaf-148	207	7	,	,	PUNCT
gujaf-148	207	8	it	it	PRON
gujaf-148	207	9	can	can	AUX
gujaf-148	207	10	be	be	AUX
gujaf-148	207	11	concluded	conclude	VERB
gujaf-148	207	12	that	that	SCONJ
gujaf-148	207	13	board	board	NOUN
gujaf-148	207	14	independence	independence	NOUN
gujaf-148	207	15	has	have	VERB
gujaf-148	207	16	a	a	DET
gujaf-148	207	17	negative	negative	ADJ
gujaf-148	207	18	but	but	CCONJ
gujaf-148	207	19	statistically	statistically	ADV
gujaf-148	207	20	minor	minor	ADJ
gujaf-148	207	21	impact	impact	NOUN
gujaf-148	207	22	on	on	ADP
gujaf-148	207	23	the	the	DET
gujaf-148	207	24	stock	stock	NOUN
gujaf-148	207	25	price	price	NOUN
gujaf-148	207	26	performance	performance	NOUN
gujaf-148	207	27	of	of	ADP
gujaf-148	207	28	quoted	quote	VERB
gujaf-148	207	29	banks	bank	NOUN
gujaf-148	207	30	and	and	CCONJ
gujaf-148	207	31	construction	construction	NOUN
gujaf-148	207	32	/	/	SYM
gujaf-148	207	33	real	real	ADJ
gujaf-148	207	34	estate	estate	NOUN
gujaf-148	207	35	companies	company	NOUN
gujaf-148	207	36	in	in	ADP
gujaf-148	207	37	nigeria	nigeria	PROPN
gujaf-148	207	38	.	.	PUNCT
gujaf-148	208	1	this	this	DET
gujaf-148	208	2	result	result	NOUN
gujaf-148	208	3	does	do	AUX
gujaf-148	208	4	not	not	PART
gujaf-148	208	5	match	match	VERB
gujaf-148	208	6	our	our	PRON
gujaf-148	208	7	preconceived	preconceived	ADJ
gujaf-148	208	8	notions	notion	NOUN
gujaf-148	208	9	because	because	SCONJ
gujaf-148	208	10	we	we	PRON
gujaf-148	208	11	anticipate	anticipate	VERB
gujaf-148	208	12	that	that	SCONJ
gujaf-148	208	13	more	more	ADJ
gujaf-148	208	14	board	board	NOUN
gujaf-148	208	15	independence	independence	NOUN
gujaf-148	208	16	will	will	AUX
gujaf-148	208	17	enhance	enhance	VERB
gujaf-148	208	18	stock	stock	NOUN
gujaf-148	208	19	price	price	NOUN
gujaf-148	208	20	performance	performance	NOUN
gujaf-148	208	21	.	.	PUNCT
gujaf-148	209	1	board	board	NOUN
gujaf-148	209	2	independence	independence	NOUN
gujaf-148	209	3	has	have	VERB
gujaf-148	209	4	no	no	DET
gujaf-148	209	5	statistically	statistically	ADV
gujaf-148	209	6	meaningful	meaningful	ADJ
gujaf-148	209	7	impact	impact	NOUN
gujaf-148	209	8	on	on	ADP
gujaf-148	209	9	stock	stock	NOUN
gujaf-148	209	10	price	price	NOUN
gujaf-148	209	11	performance	performance	NOUN
gujaf-148	209	12	,	,	PUNCT
gujaf-148	209	13	the	the	DET
gujaf-148	209	14	study	study	NOUN
gujaf-148	209	15	finds	find	VERB
gujaf-148	209	16	,	,	PUNCT
gujaf-148	209	17	rejecting	reject	VERB
gujaf-148	209	18	the	the	DET
gujaf-148	209	19	alternative	alternative	ADJ
gujaf-148	209	20	hypothesis	hypothesis	NOUN
gujaf-148	209	21	.	.	PUNCT
gujaf-148	210	1	14	14	NUM
gujaf-148	210	2	hypothesis	hypothesis	NOUN
gujaf-148	210	3	3	3	NUM
gujaf-148	210	4	:	:	PUNCT
gujaf-148	210	5	in	in	ADP
gujaf-148	210	6	nigeria	nigeria	PROPN
gujaf-148	210	7	's	's	PART
gujaf-148	210	8	quoted	quote	VERB
gujaf-148	210	9	banks	bank	NOUN
gujaf-148	210	10	and	and	CCONJ
gujaf-148	210	11	real	real	ADJ
gujaf-148	210	12	estate	estate	NOUN
gujaf-148	210	13	and	and	CCONJ
gujaf-148	210	14	construction	construction	NOUN
gujaf-148	210	15	industries	industry	NOUN
gujaf-148	210	16	,	,	PUNCT
gujaf-148	210	17	board	board	NOUN
gujaf-148	210	18	gender	gender	NOUN
gujaf-148	210	19	diversity	diversity	NOUN
gujaf-148	210	20	has	have	VERB
gujaf-148	210	21	no	no	DET
gujaf-148	210	22	appreciable	appreciable	ADJ
gujaf-148	210	23	impact	impact	NOUN
gujaf-148	210	24	on	on	ADP
gujaf-148	210	25	stock	stock	NOUN
gujaf-148	210	26	price	price	NOUN
gujaf-148	210	27	performance	performance	NOUN
gujaf-148	210	28	.	.	PUNCT
gujaf-148	211	1	the	the	DET
gujaf-148	211	2	variable	variable	NOUN
gujaf-148	211	3	of	of	ADP
gujaf-148	211	4	board	board	NOUN
gujaf-148	211	5	gender	gender	NOUN
gujaf-148	211	6	diversity	diversity	NOUN
gujaf-148	211	7	(	(	PUNCT
gujaf-148	211	8	bg	bg	PROPN
gujaf-148	211	9	diver	diver	PROPN
gujaf-148	211	10	)	)	PUNCT
gujaf-148	211	11	(	(	PUNCT
gujaf-148	211	12	coef	coef	PROPN
gujaf-148	211	13	.	.	PUNCT
gujaf-148	212	1	=	=	NOUN
gujaf-148	212	2	0.069	0.069	NUM
gujaf-148	212	3	,	,	PUNCT
gujaf-148	212	4	t	t	NOUN
gujaf-148	212	5	=	=	NUM
gujaf-148	212	6	0.75	0.75	NUM
gujaf-148	212	7	,	,	PUNCT
gujaf-148	212	8	and	and	CCONJ
gujaf-148	212	9	p	p	NOUN
gujaf-148	212	10	value	value	NOUN
gujaf-148	212	11	=	=	NOUN
gujaf-148	212	12	0.455	0.455	NUM
gujaf-148	212	13	)	)	PUNCT
gujaf-148	212	14	is	be	AUX
gujaf-148	212	15	shown	show	VERB
gujaf-148	212	16	in	in	ADP
gujaf-148	212	17	the	the	DET
gujaf-148	212	18	robust	robust	ADJ
gujaf-148	212	19	least	least	ADJ
gujaf-148	212	20	square	square	ADJ
gujaf-148	212	21	regression	regression	NOUN
gujaf-148	212	22	model	model	NOUN
gujaf-148	212	23	that	that	PRON
gujaf-148	212	24	was	be	AUX
gujaf-148	212	25	previously	previously	ADV
gujaf-148	212	26	provided	provide	VERB
gujaf-148	212	27	.	.	PUNCT
gujaf-148	213	1	according	accord	VERB
gujaf-148	213	2	to	to	ADP
gujaf-148	213	3	the	the	DET
gujaf-148	213	4	aforementioned	aforementioned	ADJ
gujaf-148	213	5	findings	finding	NOUN
gujaf-148	213	6	,	,	PUNCT
gujaf-148	213	7	it	it	PRON
gujaf-148	213	8	is	be	AUX
gujaf-148	213	9	clear	clear	ADJ
gujaf-148	213	10	that	that	SCONJ
gujaf-148	213	11	board	board	NOUN
gujaf-148	213	12	gender	gender	NOUN
gujaf-148	213	13	diversity	diversity	NOUN
gujaf-148	213	14	has	have	VERB
gujaf-148	213	15	a	a	DET
gujaf-148	213	16	favorable	favorable	ADJ
gujaf-148	213	17	but	but	CCONJ
gujaf-148	213	18	statistically	statistically	ADV
gujaf-148	213	19	small	small	ADJ
gujaf-148	213	20	impact	impact	NOUN
gujaf-148	213	21	on	on	ADP
gujaf-148	213	22	the	the	DET
gujaf-148	213	23	stock	stock	NOUN
gujaf-148	213	24	price	price	NOUN
gujaf-148	213	25	performance	performance	NOUN
gujaf-148	213	26	of	of	ADP
gujaf-148	213	27	quoted	quote	VERB
gujaf-148	213	28	banks	bank	NOUN
gujaf-148	213	29	and	and	CCONJ
gujaf-148	213	30	construction	construction	NOUN
gujaf-148	213	31	/	/	SYM
gujaf-148	213	32	real	real	ADJ
gujaf-148	213	33	estate	estate	NOUN
gujaf-148	213	34	enterprises	enterprise	NOUN
gujaf-148	213	35	in	in	ADP
gujaf-148	213	36	nigeria	nigeria	PROPN
gujaf-148	213	37	.	.	PUNCT
gujaf-148	214	1	this	this	DET
gujaf-148	214	2	finding	finding	NOUN
gujaf-148	214	3	shows	show	VERB
gujaf-148	214	4	that	that	SCONJ
gujaf-148	214	5	stock	stock	NOUN
gujaf-148	214	6	price	price	NOUN
gujaf-148	214	7	performance	performance	NOUN
gujaf-148	214	8	will	will	AUX
gujaf-148	214	9	improve	improve	VERB
gujaf-148	214	10	,	,	PUNCT
gujaf-148	214	11	although	although	SCONJ
gujaf-148	214	12	only	only	ADV
gujaf-148	214	13	little	little	ADJ
gujaf-148	214	14	,	,	PUNCT
gujaf-148	214	15	as	as	SCONJ
gujaf-148	214	16	the	the	DET
gujaf-148	214	17	percentage	percentage	NOUN
gujaf-148	214	18	of	of	ADP
gujaf-148	214	19	female	female	ADJ
gujaf-148	214	20	directors	director	NOUN
gujaf-148	214	21	on	on	ADP
gujaf-148	214	22	boards	board	NOUN
gujaf-148	214	23	rises	rise	VERB
gujaf-148	214	24	.	.	PUNCT
gujaf-148	215	1	we	we	PRON
gujaf-148	215	2	reject	reject	VERB
gujaf-148	215	3	the	the	DET
gujaf-148	215	4	alternative	alternative	ADJ
gujaf-148	215	5	hypothesis	hypothesis	NOUN
gujaf-148	215	6	because	because	SCONJ
gujaf-148	215	7	this	this	DET
gujaf-148	215	8	result	result	NOUN
gujaf-148	215	9	contradicts	contradict	VERB
gujaf-148	215	10	the	the	DET
gujaf-148	215	11	a	a	DET
gujaf-148	215	12	priori	priori	ADJ
gujaf-148	215	13	expectation	expectation	NOUN
gujaf-148	215	14	and	and	CCONJ
gujaf-148	215	15	come	come	VERB
gujaf-148	215	16	to	to	ADP
gujaf-148	215	17	the	the	DET
gujaf-148	215	18	conclusion	conclusion	NOUN
gujaf-148	215	19	that	that	SCONJ
gujaf-148	215	20	board	board	NOUN
gujaf-148	215	21	gender	gender	NOUN
gujaf-148	215	22	diversity	diversity	NOUN
gujaf-148	215	23	has	have	AUX
gujaf-148	215	24	a	a	DET
gujaf-148	215	25	statistically	statistically	ADV
gujaf-148	215	26	insignificant	insignificant	ADJ
gujaf-148	215	27	positive	positive	ADJ
gujaf-148	215	28	impact	impact	NOUN
gujaf-148	215	29	on	on	ADP
gujaf-148	215	30	stock	stock	NOUN
gujaf-148	215	31	price	price	NOUN
gujaf-148	215	32	performance	performance	NOUN
gujaf-148	215	33	.	.	PUNCT
gujaf-148	216	1	hypothesis	hypothesis	NOUN
gujaf-148	216	2	4	4	NUM
gujaf-148	216	3	:	:	PUNCT
gujaf-148	216	4	board	board	NOUN
gujaf-148	216	5	ownership	ownership	NOUN
gujaf-148	216	6	of	of	ADP
gujaf-148	216	7	listed	list	VERB
gujaf-148	216	8	banks	bank	NOUN
gujaf-148	216	9	and	and	CCONJ
gujaf-148	216	10	construction	construction	NOUN
gujaf-148	216	11	/	/	SYM
gujaf-148	216	12	real	real	ADJ
gujaf-148	216	13	estate	estate	NOUN
gujaf-148	216	14	enterprises	enterprise	NOUN
gujaf-148	216	15	in	in	ADP
gujaf-148	216	16	nigeria	nigeria	PROPN
gujaf-148	216	17	has	have	VERB
gujaf-148	216	18	no	no	DET
gujaf-148	216	19	appreciable	appreciable	ADJ
gujaf-148	216	20	impact	impact	NOUN
gujaf-148	216	21	on	on	ADP
gujaf-148	216	22	corporate	corporate	ADJ
gujaf-148	216	23	performance	performance	NOUN
gujaf-148	216	24	.	.	PUNCT
gujaf-148	217	1	the	the	DET
gujaf-148	217	2	variable	variable	NOUN
gujaf-148	217	3	of	of	ADP
gujaf-148	217	4	board	board	NOUN
gujaf-148	217	5	ownership	ownership	NOUN
gujaf-148	217	6	(	(	PUNCT
gujaf-148	217	7	b	b	NOUN
gujaf-148	217	8	own	own	ADJ
gujaf-148	217	9	)	)	PUNCT
gujaf-148	217	10	(	(	PUNCT
gujaf-148	217	11	coef	coef	PROPN
gujaf-148	217	12	.	.	PUNCT
gujaf-148	218	1	=	=	PUNCT
gujaf-148	218	2	-0.917	-0.917	PROPN
gujaf-148	218	3	,	,	PUNCT
gujaf-148	218	4	t	t	NOUN
gujaf-148	218	5	=	=	SYM
gujaf-148	218	6	-5.89	-5.89	ADJ
gujaf-148	218	7	,	,	PUNCT
gujaf-148	218	8	and	and	CCONJ
gujaf-148	218	9	p	p	X
gujaf-148	218	10	-	-	PUNCT
gujaf-148	218	11	value	value	NOUN
gujaf-148	218	12	=	=	NOUN
gujaf-148	218	13	0.000	0.000	NUM
gujaf-148	218	14	)	)	PUNCT
gujaf-148	218	15	is	be	AUX
gujaf-148	218	16	shown	show	VERB
gujaf-148	218	17	in	in	ADP
gujaf-148	218	18	the	the	DET
gujaf-148	218	19	robust	robust	ADJ
gujaf-148	218	20	least	least	ADJ
gujaf-148	218	21	square	square	ADJ
gujaf-148	218	22	regression	regression	NOUN
gujaf-148	218	23	model	model	NOUN
gujaf-148	218	24	that	that	PRON
gujaf-148	218	25	was	be	AUX
gujaf-148	218	26	previously	previously	ADV
gujaf-148	218	27	presented	present	VERB
gujaf-148	218	28	.	.	PUNCT
gujaf-148	219	1	according	accord	VERB
gujaf-148	219	2	to	to	ADP
gujaf-148	219	3	the	the	DET
gujaf-148	219	4	aforementioned	aforementioned	ADJ
gujaf-148	219	5	findings	finding	NOUN
gujaf-148	219	6	,	,	PUNCT
gujaf-148	219	7	it	it	PRON
gujaf-148	219	8	is	be	AUX
gujaf-148	219	9	evident	evident	ADJ
gujaf-148	219	10	that	that	SCONJ
gujaf-148	219	11	board	board	NOUN
gujaf-148	219	12	ownership	ownership	NOUN
gujaf-148	219	13	has	have	VERB
gujaf-148	219	14	a	a	DET
gujaf-148	219	15	negative	negative	ADJ
gujaf-148	219	16	and	and	CCONJ
gujaf-148	219	17	statistically	statistically	ADV
gujaf-148	219	18	significant	significant	ADJ
gujaf-148	219	19	impact	impact	NOUN
gujaf-148	219	20	on	on	ADP
gujaf-148	219	21	the	the	DET
gujaf-148	219	22	stock	stock	NOUN
gujaf-148	219	23	price	price	NOUN
gujaf-148	219	24	performance	performance	NOUN
gujaf-148	219	25	of	of	ADP
gujaf-148	219	26	banks	bank	NOUN
gujaf-148	219	27	and	and	CCONJ
gujaf-148	219	28	construction	construction	NOUN
gujaf-148	219	29	/	/	SYM
gujaf-148	219	30	real	real	ADJ
gujaf-148	219	31	estate	estate	NOUN
gujaf-148	219	32	companies	company	NOUN
gujaf-148	219	33	in	in	ADP
gujaf-148	219	34	nigeria	nigeria	PROPN
gujaf-148	219	35	.	.	PUNCT
gujaf-148	220	1	according	accord	VERB
gujaf-148	220	2	to	to	ADP
gujaf-148	220	3	this	this	DET
gujaf-148	220	4	finding	finding	NOUN
gujaf-148	220	5	,	,	PUNCT
gujaf-148	220	6	stock	stock	NOUN
gujaf-148	220	7	price	price	NOUN
gujaf-148	220	8	performance	performance	NOUN
gujaf-148	220	9	appears	appear	VERB
gujaf-148	220	10	to	to	PART
gujaf-148	220	11	be	be	AUX
gujaf-148	220	12	significantly	significantly	ADV
gujaf-148	220	13	dampened	dampen	VERB
gujaf-148	220	14	as	as	ADP
gujaf-148	220	15	the	the	DET
gujaf-148	220	16	percentage	percentage	NOUN
gujaf-148	220	17	of	of	ADP
gujaf-148	220	18	directors	director	NOUN
gujaf-148	220	19	'	'	PART
gujaf-148	220	20	shareholding	shareholding	NOUN
gujaf-148	220	21	rises	rise	NOUN
gujaf-148	220	22	.	.	PUNCT
gujaf-148	221	1	in	in	ADP
gujaf-148	221	2	this	this	DET
gujaf-148	221	3	regard	regard	NOUN
gujaf-148	221	4	,	,	PUNCT
gujaf-148	221	5	we	we	PRON
gujaf-148	221	6	reject	reject	VERB
gujaf-148	221	7	the	the	DET
gujaf-148	221	8	null	null	ADJ
gujaf-148	221	9	hypothesis	hypothesis	NOUN
gujaf-148	221	10	and	and	CCONJ
gujaf-148	221	11	come	come	VERB
gujaf-148	221	12	to	to	ADP
gujaf-148	221	13	the	the	DET
gujaf-148	221	14	conclusion	conclusion	NOUN
gujaf-148	221	15	that	that	SCONJ
gujaf-148	221	16	board	board	NOUN
gujaf-148	221	17	ownership	ownership	NOUN
gujaf-148	221	18	affects	affect	VERB
gujaf-148	221	19	stock	stock	NOUN
gujaf-148	221	20	price	price	NOUN
gujaf-148	221	21	performance	performance	NOUN
gujaf-148	221	22	statistically	statistically	ADV
gujaf-148	221	23	.	.	PUNCT
gujaf-148	222	1	discussion	discussion	NOUN
gujaf-148	222	2	of	of	ADP
gujaf-148	222	3	the	the	DET
gujaf-148	222	4	results	result	NOUN
gujaf-148	222	5	board	board	NOUN
gujaf-148	222	6	size	size	NOUN
gujaf-148	222	7	it	it	PRON
gujaf-148	222	8	was	be	AUX
gujaf-148	222	9	discovered	discover	VERB
gujaf-148	222	10	that	that	SCONJ
gujaf-148	222	11	adding	add	VERB
gujaf-148	222	12	a	a	DET
gujaf-148	222	13	board	board	NOUN
gujaf-148	222	14	member	member	NOUN
gujaf-148	222	15	causes	cause	VERB
gujaf-148	222	16	agency	agency	NOUN
gujaf-148	222	17	conflict	conflict	NOUN
gujaf-148	222	18	,	,	PUNCT
gujaf-148	222	19	which	which	PRON
gujaf-148	222	20	lowers	lower	VERB
gujaf-148	222	21	the	the	DET
gujaf-148	222	22	stock	stock	NOUN
gujaf-148	222	23	performance	performance	NOUN
gujaf-148	222	24	of	of	ADP
gujaf-148	222	25	banks	bank	NOUN
gujaf-148	222	26	and	and	CCONJ
gujaf-148	222	27	construction	construction	NOUN
gujaf-148	222	28	/	/	SYM
gujaf-148	222	29	real	real	ADJ
gujaf-148	222	30	estate	estate	NOUN
gujaf-148	222	31	enterprises	enterprise	NOUN
gujaf-148	222	32	in	in	ADP
gujaf-148	222	33	nigeria	nigeria	PROPN
gujaf-148	222	34	.	.	PUNCT
gujaf-148	223	1	the	the	DET
gujaf-148	223	2	fundamental	fundamental	ADJ
gujaf-148	223	3	reason	reason	NOUN
gujaf-148	223	4	is	be	AUX
gujaf-148	223	5	that	that	SCONJ
gujaf-148	223	6	as	as	SCONJ
gujaf-148	223	7	the	the	DET
gujaf-148	223	8	number	number	NOUN
gujaf-148	223	9	of	of	ADP
gujaf-148	223	10	board	board	NOUN
gujaf-148	223	11	members	member	NOUN
gujaf-148	223	12	rises	rise	VERB
gujaf-148	223	13	,	,	PUNCT
gujaf-148	223	14	so	so	ADV
gujaf-148	223	15	do	do	VERB
gujaf-148	223	16	the	the	DET
gujaf-148	223	17	conflicts	conflict	NOUN
gujaf-148	223	18	of	of	ADP
gujaf-148	223	19	interest	interest	NOUN
gujaf-148	223	20	among	among	ADP
gujaf-148	223	21	the	the	DET
gujaf-148	223	22	directors	director	NOUN
gujaf-148	223	23	,	,	PUNCT
gujaf-148	223	24	making	make	VERB
gujaf-148	223	25	it	it	PRON
gujaf-148	223	26	more	more	ADV
gujaf-148	223	27	difficult	difficult	ADJ
gujaf-148	223	28	for	for	SCONJ
gujaf-148	223	29	them	they	PRON
gujaf-148	223	30	to	to	PART
gujaf-148	223	31	make	make	VERB
gujaf-148	223	32	decisions	decision	NOUN
gujaf-148	223	33	that	that	PRON
gujaf-148	223	34	are	be	AUX
gujaf-148	223	35	appropriate	appropriate	ADJ
gujaf-148	223	36	and	and	CCONJ
gujaf-148	223	37	timely	timely	ADJ
gujaf-148	223	38	,	,	PUNCT
gujaf-148	223	39	which	which	PRON
gujaf-148	223	40	has	have	VERB
gujaf-148	223	41	an	an	DET
gujaf-148	223	42	impact	impact	NOUN
gujaf-148	223	43	on	on	ADP
gujaf-148	223	44	the	the	DET
gujaf-148	223	45	performance	performance	NOUN
gujaf-148	223	46	of	of	ADP
gujaf-148	223	47	the	the	DET
gujaf-148	223	48	company	company	NOUN
gujaf-148	223	49	.	.	PUNCT
gujaf-148	224	1	board	board	NOUN
gujaf-148	224	2	gender	gender	NOUN
gujaf-148	224	3	diversity	diversity	NOUN
gujaf-148	224	4	the	the	DET
gujaf-148	224	5	finding	finding	NOUN
gujaf-148	224	6	backs	back	VERB
gujaf-148	224	7	up	up	ADP
gujaf-148	224	8	rose	rise	VERB
gujaf-148	224	9	's	's	PART
gujaf-148	224	10	(	(	PUNCT
gujaf-148	224	11	2007	2007	NUM
gujaf-148	224	12	)	)	PUNCT
gujaf-148	224	13	argument	argument	NOUN
gujaf-148	224	14	that	that	SCONJ
gujaf-148	224	15	there	there	PRON
gujaf-148	224	16	may	may	AUX
gujaf-148	224	17	be	be	AUX
gujaf-148	224	18	a	a	DET
gujaf-148	224	19	socialization	socialization	NOUN
gujaf-148	224	20	process	process	NOUN
gujaf-148	224	21	whereby	whereby	SCONJ
gujaf-148	224	22	the	the	DET
gujaf-148	224	23	unconventional	unconventional	ADJ
gujaf-148	224	24	board	board	NOUN
gujaf-148	224	25	members	member	NOUN
gujaf-148	224	26	have	have	AUX
gujaf-148	224	27	taken	take	VERB
gujaf-148	224	28	on	on	ADP
gujaf-148	224	29	the	the	DET
gujaf-148	224	30	conduct	conduct	NOUN
gujaf-148	224	31	and	and	CCONJ
gujaf-148	224	32	15	15	NUM
gujaf-148	224	33	standards	standard	NOUN
gujaf-148	224	34	of	of	ADP
gujaf-148	224	35	the	the	DET
gujaf-148	224	36	conventional	conventional	ADJ
gujaf-148	224	37	board	board	NOUN
gujaf-148	224	38	members	member	NOUN
gujaf-148	224	39	and	and	CCONJ
gujaf-148	224	40	business	business	NOUN
gujaf-148	224	41	leaders	leader	NOUN
gujaf-148	224	42	.	.	PUNCT
gujaf-148	225	1	rose	rise	VERB
gujaf-148	225	2	(	(	PUNCT
gujaf-148	225	3	2007	2007	NUM
gujaf-148	225	4	)	)	PUNCT
gujaf-148	225	5	argues	argue	VERB
gujaf-148	225	6	that	that	SCONJ
gujaf-148	225	7	this	this	DET
gujaf-148	225	8	process	process	NOUN
gujaf-148	225	9	may	may	AUX
gujaf-148	225	10	be	be	AUX
gujaf-148	225	11	the	the	DET
gujaf-148	225	12	reason	reason	NOUN
gujaf-148	225	13	why	why	SCONJ
gujaf-148	225	14	board	board	NOUN
gujaf-148	225	15	gender	gender	NOUN
gujaf-148	225	16	diversity	diversity	NOUN
gujaf-148	225	17	does	do	AUX
gujaf-148	225	18	not	not	PART
gujaf-148	225	19	lead	lead	VERB
gujaf-148	225	20	to	to	ADP
gujaf-148	225	21	quality	quality	NOUN
gujaf-148	225	22	performance	performance	NOUN
gujaf-148	225	23	.	.	PUNCT
gujaf-148	226	1	board	board	NOUN
gujaf-148	226	2	independence	independence	NOUN
gujaf-148	226	3	the	the	DET
gujaf-148	226	4	results	result	NOUN
gujaf-148	226	5	show	show	VERB
gujaf-148	226	6	that	that	SCONJ
gujaf-148	226	7	non	non	ADJ
gujaf-148	226	8	-	-	ADJ
gujaf-148	226	9	executive	executive	ADJ
gujaf-148	226	10	directors	director	NOUN
gujaf-148	226	11	are	be	AUX
gujaf-148	226	12	not	not	PART
gujaf-148	226	13	generally	generally	ADV
gujaf-148	226	14	well	well	ADV
gujaf-148	226	15	-	-	PUNCT
gujaf-148	226	16	liked	like	VERB
gujaf-148	226	17	by	by	ADP
gujaf-148	226	18	stakeholders	stakeholder	NOUN
gujaf-148	226	19	.	.	PUNCT
gujaf-148	227	1	as	as	ADP
gujaf-148	227	2	a	a	DET
gujaf-148	227	3	result	result	NOUN
gujaf-148	227	4	,	,	PUNCT
gujaf-148	227	5	companies	company	NOUN
gujaf-148	227	6	may	may	AUX
gujaf-148	227	7	suffer	suffer	VERB
gujaf-148	227	8	if	if	SCONJ
gujaf-148	227	9	the	the	DET
gujaf-148	227	10	number	number	NOUN
gujaf-148	227	11	of	of	ADP
gujaf-148	227	12	non	non	ADJ
gujaf-148	227	13	-	-	ADJ
gujaf-148	227	14	executive	executive	ADJ
gujaf-148	227	15	directors	director	NOUN
gujaf-148	227	16	rises	rise	VERB
gujaf-148	227	17	.	.	PUNCT
gujaf-148	228	1	this	this	PRON
gujaf-148	228	2	is	be	AUX
gujaf-148	228	3	because	because	SCONJ
gujaf-148	228	4	they	they	PRON
gujaf-148	228	5	may	may	AUX
gujaf-148	228	6	stifle	stifle	VERB
gujaf-148	228	7	management	management	NOUN
gujaf-148	228	8	's	's	PART
gujaf-148	228	9	strategic	strategic	ADJ
gujaf-148	228	10	decisions	decision	NOUN
gujaf-148	228	11	and	and	CCONJ
gujaf-148	228	12	subject	subject	VERB
gujaf-148	228	13	the	the	DET
gujaf-148	228	14	company	company	NOUN
gujaf-148	228	15	to	to	ADP
gujaf-148	228	16	excessive	excessive	ADJ
gujaf-148	228	17	scrutiny	scrutiny	NOUN
gujaf-148	228	18	because	because	SCONJ
gujaf-148	228	19	they	they	PRON
gujaf-148	228	20	lack	lack	VERB
gujaf-148	228	21	the	the	DET
gujaf-148	228	22	necessary	necessary	ADJ
gujaf-148	228	23	business	business	NOUN
gujaf-148	228	24	expertise	expertise	NOUN
gujaf-148	228	25	and	and	CCONJ
gujaf-148	228	26	real	real	ADJ
gujaf-148	228	27	independence	independence	NOUN
gujaf-148	228	28	.	.	PUNCT
gujaf-148	229	1	control	control	NOUN
gujaf-148	229	2	/	/	SYM
gujaf-148	229	3	ownership	ownership	NOUN
gujaf-148	229	4	of	of	ADP
gujaf-148	229	5	the	the	DET
gujaf-148	229	6	board	board	NOUN
gujaf-148	229	7	the	the	DET
gujaf-148	229	8	outcome	outcome	NOUN
gujaf-148	229	9	is	be	AUX
gujaf-148	229	10	consistent	consistent	ADJ
gujaf-148	229	11	with	with	ADP
gujaf-148	229	12	the	the	DET
gujaf-148	229	13	entrenchment	entrenchment	ADJ
gujaf-148	229	14	effect	effect	NOUN
gujaf-148	229	15	theory	theory	NOUN
gujaf-148	229	16	,	,	PUNCT
gujaf-148	229	17	which	which	PRON
gujaf-148	229	18	contends	contend	VERB
gujaf-148	229	19	that	that	SCONJ
gujaf-148	229	20	large	large	ADJ
gujaf-148	229	21	board	board	NOUN
gujaf-148	229	22	ownership	ownership	NOUN
gujaf-148	229	23	percentages	percentage	NOUN
gujaf-148	229	24	have	have	VERB
gujaf-148	229	25	a	a	DET
gujaf-148	229	26	negative	negative	ADJ
gujaf-148	229	27	impact	impact	NOUN
gujaf-148	229	28	on	on	ADP
gujaf-148	229	29	stock	stock	NOUN
gujaf-148	229	30	price	price	NOUN
gujaf-148	229	31	performance	performance	NOUN
gujaf-148	229	32	.	.	PUNCT
gujaf-148	230	1	as	as	ADP
gujaf-148	230	2	a	a	DET
gujaf-148	230	3	result	result	NOUN
gujaf-148	230	4	,	,	PUNCT
gujaf-148	230	5	the	the	DET
gujaf-148	230	6	relationship	relationship	NOUN
gujaf-148	230	7	that	that	PRON
gujaf-148	230	8	exist	exist	VERB
gujaf-148	230	9	between	between	ADP
gujaf-148	230	10	board	board	NOUN
gujaf-148	230	11	ownership	ownership	NOUN
gujaf-148	230	12	and	and	CCONJ
gujaf-148	230	13	stock	stock	NOUN
gujaf-148	230	14	price	price	NOUN
gujaf-148	230	15	interactions	interaction	NOUN
gujaf-148	230	16	is	be	AUX
gujaf-148	230	17	either	either	CCONJ
gujaf-148	230	18	negative	negative	ADJ
gujaf-148	230	19	or	or	CCONJ
gujaf-148	230	20	nonexistent	nonexistent	ADJ
gujaf-148	230	21	.	.	PUNCT
gujaf-148	231	1	leverage	leverage	NOUN
gujaf-148	231	2	according	accord	VERB
gujaf-148	231	3	to	to	ADP
gujaf-148	231	4	this	this	DET
gujaf-148	231	5	study	study	NOUN
gujaf-148	231	6	,	,	PUNCT
gujaf-148	231	7	firm	firm	ADJ
gujaf-148	231	8	leverage	leverage	NOUN
gujaf-148	231	9	the	the	DET
gujaf-148	231	10	amount	amount	NOUN
gujaf-148	231	11	of	of	ADP
gujaf-148	231	12	debt	debt	NOUN
gujaf-148	231	13	financing	financing	NOUN
gujaf-148	231	14	a	a	DET
gujaf-148	231	15	company	company	NOUN
gujaf-148	231	16	uses	use	VERB
gujaf-148	231	17	to	to	PART
gujaf-148	231	18	boost	boost	VERB
gujaf-148	231	19	its	its	PRON
gujaf-148	231	20	share	share	NOUN
gujaf-148	231	21	price	price	NOUN
gujaf-148	231	22	has	have	AUX
gujaf-148	231	23	not	not	PART
gujaf-148	231	24	been	be	AUX
gujaf-148	231	25	proven	prove	VERB
gujaf-148	231	26	to	to	PART
gujaf-148	231	27	be	be	AUX
gujaf-148	231	28	very	very	ADV
gujaf-148	231	29	helpful	helpful	ADJ
gujaf-148	231	30	in	in	ADP
gujaf-148	231	31	raising	raise	VERB
gujaf-148	231	32	the	the	DET
gujaf-148	231	33	stock	stock	NOUN
gujaf-148	231	34	prices	price	NOUN
gujaf-148	231	35	of	of	ADP
gujaf-148	231	36	banks	bank	NOUN
gujaf-148	231	37	and	and	CCONJ
gujaf-148	231	38	indigenous	indigenous	ADJ
gujaf-148	231	39	named	name	VERB
gujaf-148	231	40	firms	firm	NOUN
gujaf-148	231	41	.	.	PUNCT
gujaf-148	232	1	5	5	X
gujaf-148	232	2	.	.	X
gujaf-148	232	3	conclusion	conclusion	NOUN
gujaf-148	232	4	this	this	DET
gujaf-148	232	5	study	study	NOUN
gujaf-148	232	6	specifically	specifically	ADV
gujaf-148	232	7	seeks	seek	VERB
gujaf-148	232	8	to	to	PART
gujaf-148	232	9	examine	examine	VERB
gujaf-148	232	10	the	the	DET
gujaf-148	232	11	effect	effect	NOUN
gujaf-148	232	12	of	of	ADP
gujaf-148	232	13	corporate	corporate	ADJ
gujaf-148	232	14	governance	governance	NOUN
gujaf-148	232	15	mechanism	mechanism	NOUN
gujaf-148	232	16	on	on	ADP
gujaf-148	232	17	stock	stock	NOUN
gujaf-148	232	18	price	price	NOUN
gujaf-148	232	19	performance	performance	NOUN
gujaf-148	232	20	of	of	ADP
gujaf-148	232	21	quoted	quote	VERB
gujaf-148	232	22	banks	bank	NOUN
gujaf-148	232	23	and	and	CCONJ
gujaf-148	232	24	construction	construction	NOUN
gujaf-148	232	25	/	/	SYM
gujaf-148	232	26	real	real	ADJ
gujaf-148	232	27	estate	estate	NOUN
gujaf-148	232	28	firms	firm	NOUN
gujaf-148	232	29	in	in	ADP
gujaf-148	232	30	nigeria	nigeria	PROPN
gujaf-148	232	31	.	.	PUNCT
gujaf-148	233	1	this	this	DET
gujaf-148	233	2	study	study	NOUN
gujaf-148	233	3	notes	note	VERB
gujaf-148	233	4	that	that	SCONJ
gujaf-148	233	5	corporate	corporate	ADJ
gujaf-148	233	6	governance	governance	NOUN
gujaf-148	233	7	mechanism	mechanism	NOUN
gujaf-148	233	8	have	have	AUX
gujaf-148	233	9	not	not	PART
gujaf-148	233	10	been	be	AUX
gujaf-148	233	11	effective	effective	ADJ
gujaf-148	233	12	in	in	ADP
gujaf-148	233	13	tackling	tackle	VERB
gujaf-148	233	14	agency	agency	NOUN
gujaf-148	233	15	conflict	conflict	NOUN
gujaf-148	233	16	hence	hence	ADV
gujaf-148	233	17	the	the	DET
gujaf-148	233	18	poor	poor	ADJ
gujaf-148	233	19	performance	performance	NOUN
gujaf-148	233	20	of	of	ADP
gujaf-148	233	21	stock	stock	NOUN
gujaf-148	233	22	price	price	NOUN
gujaf-148	233	23	among	among	ADP
gujaf-148	233	24	quoted	quote	VERB
gujaf-148	233	25	banks	bank	NOUN
gujaf-148	233	26	and	and	CCONJ
gujaf-148	233	27	construction	construction	NOUN
gujaf-148	233	28	/	/	SYM
gujaf-148	233	29	real	real	ADJ
gujaf-148	233	30	estate	estate	NOUN
gujaf-148	233	31	firms	firm	NOUN
gujaf-148	233	32	in	in	ADP
gujaf-148	233	33	nigeria	nigeria	PROPN
gujaf-148	233	34	.	.	PUNCT
gujaf-148	234	1	the	the	DET
gujaf-148	234	2	study	study	NOUN
gujaf-148	234	3	recommends	recommend	VERB
gujaf-148	234	4	the	the	DET
gujaf-148	234	5	minimizing	minimizing	NOUN
gujaf-148	234	6	of	of	ADP
gujaf-148	234	7	size	size	NOUN
gujaf-148	234	8	of	of	ADP
gujaf-148	234	9	the	the	DET
gujaf-148	234	10	board	board	NOUN
gujaf-148	234	11	to	to	ADP
gujaf-148	234	12	optimal	optimal	ADJ
gujaf-148	234	13	size	size	NOUN
gujaf-148	234	14	of	of	ADP
gujaf-148	234	15	seven	seven	NUM
gujaf-148	234	16	to	to	PART
gujaf-148	234	17	eight	eight	NUM
gujaf-148	234	18	members	member	NOUN
gujaf-148	234	19	;	;	PUNCT
gujaf-148	234	20	non	non	ADJ
gujaf-148	234	21	introduction	introduction	NOUN
gujaf-148	234	22	of	of	ADP
gujaf-148	234	23	mandatory	mandatory	ADJ
gujaf-148	234	24	quotas	quota	NOUN
gujaf-148	234	25	,	,	PUNCT
gujaf-148	234	26	instead	instead	ADV
gujaf-148	234	27	insist	insist	VERB
gujaf-148	234	28	on	on	ADP
gujaf-148	234	29	competence	competence	NOUN
gujaf-148	234	30	and	and	CCONJ
gujaf-148	234	31	capability	capability	NOUN
gujaf-148	234	32	in	in	ADP
gujaf-148	234	33	these	these	DET
gujaf-148	234	34	studied	study	VERB
gujaf-148	234	35	sectors	sector	NOUN
gujaf-148	234	36	;	;	PUNCT
gujaf-148	234	37	policy	policy	NOUN
gujaf-148	234	38	focus	focus	NOUN
gujaf-148	234	39	towards	towards	ADP
gujaf-148	234	40	providing	provide	VERB
gujaf-148	234	41	alternative	alternative	ADJ
gujaf-148	234	42	incentives	incentive	NOUN
gujaf-148	234	43	for	for	ADP
gujaf-148	234	44	managers	manager	NOUN
gujaf-148	234	45	instead	instead	ADV
gujaf-148	234	46	of	of	ADP
gujaf-148	234	47	increasing	increase	VERB
gujaf-148	234	48	the	the	DET
gujaf-148	234	49	proportion	proportion	NOUN
gujaf-148	234	50	of	of	ADP
gujaf-148	234	51	their	their	PRON
gujaf-148	234	52	stock	stock	NOUN
gujaf-148	234	53	;	;	PUNCT
gujaf-148	234	54	and	and	CCONJ
gujaf-148	234	55	employment	employment	NOUN
gujaf-148	234	56	of	of	ADP
gujaf-148	234	57	debt	debt	NOUN
gujaf-148	234	58	financing	financing	NOUN
gujaf-148	234	59	for	for	ADP
gujaf-148	234	60	firms	firm	NOUN
gujaf-148	234	61	with	with	ADP
gujaf-148	234	62	interest	interest	NOUN
gujaf-148	234	63	in	in	ADP
gujaf-148	234	64	long	long	ADJ
gujaf-148	234	65	term	term	NOUN
gujaf-148	234	66	projects	project	NOUN
gujaf-148	234	67	to	to	PART
gujaf-148	234	68	optimize	optimize	VERB
gujaf-148	234	69	financial	financial	ADJ
gujaf-148	234	70	leverage	leverage	NOUN
gujaf-148	234	71	.	.	PUNCT
gujaf-148	235	1	references	reference	NOUN
gujaf-148	235	2	acheampong	acheampong	VERB
gujaf-148	235	3	,	,	PUNCT
gujaf-148	235	4	p.	p.	PROPN
gujaf-148	235	5	,	,	PUNCT
gujaf-148	235	6	agalega	agalega	PROPN
gujaf-148	235	7	,	,	PUNCT
gujaf-148	235	8	e.	e.	PROPN
gujaf-148	235	9	,	,	PUNCT
gujaf-148	235	10	&	&	CCONJ
gujaf-148	235	11	shibu	shibu	PROPN
gujaf-148	235	12	,	,	PUNCT
gujaf-148	235	13	a.	a.	PROPN
gujaf-148	235	14	k.	k.	PROPN
gujaf-148	236	1	(	(	PUNCT
gujaf-148	236	2	2013	2013	NUM
gujaf-148	236	3	)	)	PUNCT
gujaf-148	236	4	.	.	PUNCT
gujaf-148	237	1	the	the	DET
gujaf-148	237	2	effect	effect	NOUN
gujaf-148	237	3	of	of	ADP
gujaf-148	237	4	financial	financial	ADJ
gujaf-148	237	5	leverage	leverage	NOUN
gujaf-148	237	6	and	and	CCONJ
gujaf-148	237	7	market	market	NOUN
gujaf-148	237	8	size	size	NOUN
gujaf-148	237	9	on	on	ADP
gujaf-148	237	10	stock	stock	NOUN
gujaf-148	237	11	returns	return	NOUN
gujaf-148	237	12	on	on	ADP
gujaf-148	237	13	the	the	DET
gujaf-148	237	14	ghana	ghana	PROPN
gujaf-148	237	15	stock	stock	PROPN
gujaf-148	237	16	exchange	exchange	PROPN
gujaf-148	237	17	:	:	PUNCT
gujaf-148	237	18	evidence	evidence	NOUN
gujaf-148	237	19	16	16	NUM
gujaf-148	237	20	from	from	ADP
gujaf-148	237	21	selected	select	VERB
gujaf-148	237	22	stocks	stock	NOUN
gujaf-148	237	23	in	in	ADP
gujaf-148	237	24	the	the	DET
gujaf-148	237	25	manufacturing	manufacturing	NOUN
gujaf-148	237	26	sector	sector	NOUN
gujaf-148	237	27	,	,	PUNCT
gujaf-148	237	28	international	international	ADJ
gujaf-148	237	29	journal	journal	NOUN
gujaf-148	237	30	of	of	ADP
gujaf-148	237	31	financial	financial	ADJ
gujaf-148	237	32	research	research	NOUN
gujaf-148	237	33	,	,	PUNCT
gujaf-148	237	34	sciedu	sciedu	PROPN
gujaf-148	237	35	press	press	PROPN
gujaf-148	237	36	,	,	PUNCT
gujaf-148	237	37	5(1	5(1	NUM
gujaf-148	237	38	)	)	PUNCT
gujaf-148	237	39	,	,	PUNCT
gujaf-148	237	40	125	125	NUM
gujaf-148	237	41	-	-	SYM
gujaf-148	237	42	134	134	NUM
gujaf-148	237	43	,	,	PUNCT
gujaf-148	237	44	adami	adami	NOUN
gujaf-148	237	45	,	,	PUNCT
gujaf-148	237	46	r.	r.	PROPN
gujaf-148	237	47	,	,	PUNCT
gujaf-148	237	48	gough	gough	PROPN
gujaf-148	237	49	,	,	PUNCT
gujaf-148	237	50	o.	o.	PROPN
gujaf-148	237	51	,	,	PUNCT
gujaf-148	237	52	muradoglu	muradoglu	PROPN
gujaf-148	237	53	,	,	PUNCT
gujaf-148	237	54	y.	y.	PROPN
gujaf-148	237	55	g.	g.	PROPN
gujaf-148	237	56	,	,	PUNCT
gujaf-148	237	57	&	&	CCONJ
gujaf-148	237	58	sivaprasad	sivaprasad	PROPN
gujaf-148	237	59	,	,	PUNCT
gujaf-148	237	60	s.	s.	PROPN
gujaf-148	237	61	(	(	PUNCT
gujaf-148	237	62	2015	2015	NUM
gujaf-148	237	63	)	)	PUNCT
gujaf-148	237	64	.	.	PUNCT
gujaf-148	238	1	how	how	SCONJ
gujaf-148	238	2	does	do	AUX
gujaf-148	238	3	a	a	DET
gujaf-148	238	4	firm	firm	NOUN
gujaf-148	238	5	’s	’s	PART
gujaf-148	238	6	capital	capital	NOUN
gujaf-148	238	7	structure	structure	NOUN
gujaf-148	238	8	affect	affect	VERB
gujaf-148	238	9	stock	stock	NOUN
gujaf-148	238	10	performance	performance	NOUN
gujaf-148	238	11	?	?	PUNCT
gujaf-148	239	1	lund	lund	PROPN
gujaf-148	239	2	university	university	PROPN
gujaf-148	239	3	libraries	library	NOUN
gujaf-148	239	4	akinsulire	akinsulire	VERB
gujaf-148	239	5	,	,	PUNCT
gujaf-148	239	6	o.	o.	PROPN
gujaf-148	239	7	(	(	PUNCT
gujaf-148	239	8	2006	2006	NUM
gujaf-148	239	9	)	)	PUNCT
gujaf-148	239	10	.	.	PUNCT
gujaf-148	240	1	financial	financial	ADJ
gujaf-148	240	2	management	management	NOUN
gujaf-148	240	3	(	(	PUNCT
gujaf-148	240	4	9th	9th	ADJ
gujaf-148	240	5	ed	ed	NOUN
gujaf-148	240	6	.	.	PUNCT
gujaf-148	240	7	)	)	PUNCT
gujaf-148	240	8	.	.	PUNCT
gujaf-148	241	1	lagos	lago	NOUN
gujaf-148	241	2	:	:	PUNCT
gujaf-148	241	3	el	el	PROPN
gujaf-148	241	4	-	-	PUNCT
gujaf-148	241	5	toda	toda	PROPN
gujaf-148	241	6	ventures	ventures	PROPN
gujaf-148	241	7	amoateng	amoateng	PROPN
gujaf-148	241	8	,	,	PUNCT
gujaf-148	241	9	a.	a.	PROPN
gujaf-148	241	10	k.	k.	PROPN
gujaf-148	241	11	,	,	PUNCT
gujaf-148	241	12	osei	osei	PROPN
gujaf-148	241	13	,	,	PUNCT
gujaf-148	241	14	k.	k.	PROPN
gujaf-148	241	15	t.	t.	PROPN
gujaf-148	241	16	,	,	PUNCT
gujaf-148	241	17	ofori	ofori	ADV
gujaf-148	241	18	,	,	PUNCT
gujaf-148	241	19	a.	a.	NOUN
gujaf-148	241	20	,	,	PUNCT
gujaf-148	241	21	&	&	CCONJ
gujaf-148	241	22	gyabaa	gyabaa	PROPN
gujaf-148	241	23	,	,	PUNCT
gujaf-148	241	24	e.	e.	PROPN
gujaf-148	241	25	n.	n.	PROPN
gujaf-148	241	26	(	(	PUNCT
gujaf-148	241	27	2017	2017	NUM
gujaf-148	241	28	)	)	PUNCT
gujaf-148	241	29	.	.	PUNCT
gujaf-148	242	1	empirical	empirical	ADJ
gujaf-148	242	2	study	study	NOUN
gujaf-148	242	3	on	on	ADP
gujaf-148	242	4	the	the	DET
gujaf-148	242	5	impact	impact	NOUN
gujaf-148	242	6	of	of	ADP
gujaf-148	242	7	corporate	corporate	ADJ
gujaf-148	242	8	governance	governance	NOUN
gujaf-148	242	9	practices	practice	NOUN
gujaf-148	242	10	on	on	ADP
gujaf-148	242	11	performance	performance	NOUN
gujaf-148	242	12	:	:	PUNCT
gujaf-148	242	13	evidence	evidence	NOUN
gujaf-148	242	14	from	from	ADP
gujaf-148	242	15	smes	sme	NOUN
gujaf-148	242	16	in	in	ADP
gujaf-148	242	17	an	an	DET
gujaf-148	242	18	emerging	emerge	VERB
gujaf-148	242	19	economy	economy	NOUN
gujaf-148	242	20	.	.	PUNCT
gujaf-148	243	1	european	european	PROPN
gujaf-148	243	2	journal	journal	PROPN
gujaf-148	243	3	of	of	ADP
gujaf-148	243	4	accounting	accounting	NOUN
gujaf-148	243	5	auditing	auditing	NOUN
gujaf-148	243	6	and	and	CCONJ
gujaf-148	243	7	finance	finance	NOUN
gujaf-148	243	8	research	research	NOUN
gujaf-148	243	9	,	,	PUNCT
gujaf-148	243	10	5(8	5(8	NUM
gujaf-148	243	11	)	)	PUNCT
gujaf-148	243	12	,	,	PUNCT
gujaf-148	243	13	50	50	NUM
gujaf-148	243	14	-	-	SYM
gujaf-148	243	15	61	61	NUM
gujaf-148	243	16	.	.	PUNCT
gujaf-148	244	1	berle	berle	PROPN
gujaf-148	244	2	,	,	PUNCT
gujaf-148	244	3	a.	a.	PROPN
gujaf-148	244	4	,	,	PUNCT
gujaf-148	244	5	&	&	CCONJ
gujaf-148	244	6	means	means	PROPN
gujaf-148	244	7	,	,	PUNCT
gujaf-148	244	8	d.g	d.g	PROPN
gujaf-148	244	9	.	.	PROPN
gujaf-148	244	10	(	(	PUNCT
gujaf-148	244	11	1932	1932	NUM
gujaf-148	244	12	)	)	PUNCT
gujaf-148	244	13	.	.	PUNCT
gujaf-148	245	1	the	the	DET
gujaf-148	245	2	modern	modern	ADJ
gujaf-148	245	3	corporation	corporation	NOUN
gujaf-148	245	4	and	and	CCONJ
gujaf-148	245	5	private	private	ADJ
gujaf-148	245	6	property	property	NOUN
gujaf-148	245	7	.	.	PUNCT
gujaf-148	246	1	new	new	PROPN
gujaf-148	246	2	york	york	PROPN
gujaf-148	246	3	:	:	PUNCT
gujaf-148	246	4	macmillan	macmillan	PROPN
gujaf-148	246	5	publishing	publishing	PROPN
gujaf-148	246	6	.	.	PUNCT
gujaf-148	247	1	black	black	ADJ
gujaf-148	247	2	,	,	PUNCT
gujaf-148	247	3	bernard	bernard	PROPN
gujaf-148	247	4	,	,	PUNCT
gujaf-148	247	5	hasung	hasung	PROPN
gujaf-148	247	6	jang	jang	PROPN
gujaf-148	247	7	,	,	PUNCT
gujaf-148	247	8	and	and	CCONJ
gujaf-148	247	9	woochan	woochan	ADP
gujaf-148	247	10	kim	kim	PROPN
gujaf-148	247	11	.	.	PUNCT
gujaf-148	248	1	(	(	PUNCT
gujaf-148	248	2	2005	2005	NUM
gujaf-148	248	3	)	)	PUNCT
gujaf-148	248	4	.	.	PUNCT
gujaf-148	249	1	"	"	PUNCT
gujaf-148	249	2	predicting	predict	VERB
gujaf-148	249	3	firms	firm	NOUN
gujaf-148	249	4	'	'	PART
gujaf-148	249	5	corporate	corporate	ADJ
gujaf-148	249	6	governance	governance	NOUN
gujaf-148	249	7	choices	choice	NOUN
gujaf-148	249	8	:	:	PUNCT
gujaf-148	249	9	evidence	evidence	NOUN
gujaf-148	249	10	from	from	ADP
gujaf-148	249	11	korea	korea	PROPN
gujaf-148	249	12	"	"	PUNCT
gujaf-148	249	13	,	,	PUNCT
gujaf-148	249	14	journal	journal	NOUN
gujaf-148	249	15	of	of	ADP
gujaf-148	249	16	corporate	corporate	ADJ
gujaf-148	249	17	finance	finance	NOUN
gujaf-148	249	18	(	(	PUNCT
gujaf-148	249	19	forthcoming	forthcoming	ADJ
gujaf-148	249	20	)	)	PUNCT
gujaf-148	249	21	brigham	brigham	PROPN
gujaf-148	249	22	,	,	PUNCT
gujaf-148	249	23	e.	e.	PROPN
gujaf-148	249	24	f.	f.	PROPN
gujaf-148	249	25	,	,	PUNCT
gujaf-148	249	26	&	&	CCONJ
gujaf-148	249	27	erhard	erhard	PROPN
gujaf-148	249	28	,	,	PUNCT
gujaf-148	249	29	m.	m.	NOUN
gujaf-148	249	30	c.	c.	PROPN
gujaf-148	249	31	(	(	PUNCT
gujaf-148	249	32	2004	2004	NUM
gujaf-148	249	33	)	)	PUNCT
gujaf-148	249	34	.	.	PUNCT
gujaf-148	250	1	financial	financial	ADJ
gujaf-148	250	2	management	management	NOUN
gujaf-148	250	3	:	:	PUNCT
gujaf-148	250	4	theory	theory	NOUN
gujaf-148	250	5	and	and	CCONJ
gujaf-148	250	6	practice	practice	NOUN
gujaf-148	250	7	.	.	PUNCT
gujaf-148	251	1	uk	uk	PROPN
gujaf-148	251	2	:	:	PUNCT
gujaf-148	251	3	southwestern	southwestern	ADJ
gujaf-148	251	4	college	college	NOUN
gujaf-148	251	5	publishers	publisher	NOUN
gujaf-148	251	6	.	.	PUNCT
gujaf-148	252	1	brown	brown	PROPN
gujaf-148	252	2	,	,	PUNCT
gujaf-148	252	3	l.	l.	PROPN
gujaf-148	252	4	,	,	PUNCT
gujaf-148	252	5	&	&	CCONJ
gujaf-148	252	6	caylor	caylor	PROPN
gujaf-148	252	7	,	,	PUNCT
gujaf-148	252	8	m.	m.	NOUN
gujaf-148	252	9	(	(	PUNCT
gujaf-148	252	10	2004	2004	NUM
gujaf-148	252	11	)	)	PUNCT
gujaf-148	252	12	.	.	PUNCT
gujaf-148	253	1	corporate	corporate	ADJ
gujaf-148	253	2	governance	governance	NOUN
gujaf-148	253	3	and	and	CCONJ
gujaf-148	253	4	firm	firm	ADJ
gujaf-148	253	5	performance	performance	NOUN
gujaf-148	253	6	.	.	PUNCT
gujaf-148	254	1	working	work	VERB
gujaf-148	254	2	paper	paper	NOUN
gujaf-148	254	3	.	.	PUNCT
gujaf-148	255	1	georgia	georgia	PROPN
gujaf-148	255	2	state	state	PROPN
gujaf-148	255	3	university	university	PROPN
gujaf-148	255	4	.	.	PUNCT
gujaf-148	256	1	central	central	PROPN
gujaf-148	256	2	bank	bank	PROPN
gujaf-148	256	3	of	of	ADP
gujaf-148	256	4	nigeria	nigeria	PROPN
gujaf-148	256	5	,	,	PUNCT
gujaf-148	256	6	cbn	cbn	PROPN
gujaf-148	256	7	(	(	PUNCT
gujaf-148	256	8	2014	2014	NUM
gujaf-148	256	9	)	)	PUNCT
gujaf-148	256	10	.	.	PUNCT
gujaf-148	257	1	code	code	NOUN
gujaf-148	257	2	of	of	ADP
gujaf-148	257	3	corporate	corporate	ADJ
gujaf-148	257	4	governance	governance	NOUN
gujaf-148	257	5	for	for	ADP
gujaf-148	257	6	banks	bank	NOUN
gujaf-148	257	7	and	and	CCONJ
gujaf-148	257	8	discount	discount	NOUN
gujaf-148	257	9	houses	house	NOUN
gujaf-148	257	10	in	in	ADP
gujaf-148	257	11	nigeria	nigeria	PROPN
gujaf-148	257	12	and	and	CCONJ
gujaf-148	257	13	guidelines	guideline	NOUN
gujaf-148	257	14	for	for	ADP
gujaf-148	257	15	whistle	whistle	NOUN
gujaf-148	257	16	blowing	blow	VERB
gujaf-148	257	17	in	in	ADP
gujaf-148	257	18	the	the	DET
gujaf-148	257	19	nigerian	nigerian	ADJ
gujaf-148	257	20	banking	banking	NOUN
gujaf-148	257	21	sector	sector	NOUN
gujaf-148	257	22	.	.	PUNCT
gujaf-148	258	1	cheng	cheng	PROPN
gujaf-148	258	2	,	,	PUNCT
gujaf-148	258	3	s.	s.	PROPN
gujaf-148	258	4	,	,	PUNCT
gujaf-148	258	5	lui	lui	PROPN
gujaf-148	258	6	,	,	PUNCT
gujaf-148	258	7	g.	g.	PROPN
gujaf-148	258	8	,	,	PUNCT
gujaf-148	258	9	&	&	CCONJ
gujaf-148	258	10	shum	shum	PROPN
gujaf-148	258	11	,	,	PUNCT
gujaf-148	258	12	c.	c.	PROPN
gujaf-148	258	13	(	(	PUNCT
gujaf-148	258	14	2013	2013	NUM
gujaf-148	258	15	)	)	PUNCT
gujaf-148	258	16	.	.	PUNCT
gujaf-148	259	1	corporate	corporate	ADJ
gujaf-148	259	2	governance	governance	NOUN
gujaf-148	259	3	,	,	PUNCT
gujaf-148	259	4	ownership	ownership	NOUN
gujaf-148	259	5	and	and	CCONJ
gujaf-148	259	6	stock	stock	NOUN
gujaf-148	259	7	price	price	NOUN
gujaf-148	259	8	during	during	ADP
gujaf-148	259	9	financial	financial	ADJ
gujaf-148	259	10	crisis	crisis	NOUN
gujaf-148	259	11	.	.	PUNCT
gujaf-148	260	1	proceedings	proceeding	NOUN
gujaf-148	260	2	of	of	ADP
gujaf-148	260	3	american	american	ADJ
gujaf-148	260	4	society	society	NOUN
gujaf-148	260	5	of	of	ADP
gujaf-148	260	6	business	business	NOUN
gujaf-148	260	7	and	and	CCONJ
gujaf-148	260	8	behavioral	behavioral	ADJ
gujaf-148	260	9	sciences	science	NOUN
gujaf-148	260	10	,	,	PUNCT
gujaf-148	260	11	20(1	20(1	NUM
gujaf-148	260	12	)	)	PUNCT
gujaf-148	260	13	,	,	PUNCT
gujaf-148	260	14	111	111	NUM
gujaf-148	260	15	-	-	SYM
gujaf-148	260	16	121	121	NUM
gujaf-148	260	17	.	.	PUNCT
gujaf-148	261	1	demsetz	demsetz	VERB
gujaf-148	261	2	,	,	PUNCT
gujaf-148	261	3	h.	h.	PROPN
gujaf-148	261	4	,	,	PUNCT
gujaf-148	261	5	&	&	CCONJ
gujaf-148	261	6	lehn	lehn	PROPN
gujaf-148	261	7	,	,	PUNCT
gujaf-148	261	8	k.	k.	PROPN
gujaf-148	261	9	(	(	PUNCT
gujaf-148	261	10	1985	1985	NUM
gujaf-148	261	11	)	)	PUNCT
gujaf-148	261	12	.	.	PUNCT
gujaf-148	262	1	the	the	DET
gujaf-148	262	2	structure	structure	NOUN
gujaf-148	262	3	of	of	ADP
gujaf-148	262	4	corporate	corporate	ADJ
gujaf-148	262	5	ownership	ownership	NOUN
gujaf-148	262	6	:	:	PUNCT
gujaf-148	262	7	causes	cause	NOUN
gujaf-148	262	8	and	and	CCONJ
gujaf-148	262	9	consequences	consequence	NOUN
gujaf-148	262	10	.	.	PUNCT
gujaf-148	263	1	journal	journal	NOUN
gujaf-148	263	2	of	of	ADP
gujaf-148	263	3	political	political	ADJ
gujaf-148	263	4	economy	economy	NOUN
gujaf-148	263	5	,	,	PUNCT
gujaf-148	263	6	93	93	NUM
gujaf-148	263	7	,	,	PUNCT
gujaf-148	263	8	1155	1155	NUM
gujaf-148	263	9	-	-	SYM
gujaf-148	263	10	1177	1177	NUM
gujaf-148	263	11	.	.	PUNCT
gujaf-148	264	1	dincer	dincer	PROPN
gujaf-148	264	2	,	,	PUNCT
gujaf-148	264	3	b.	b.	PROPN
gujaf-148	264	4	,	,	PUNCT
gujaf-148	264	5	&	&	CCONJ
gujaf-148	264	6	dincer	dincer	PROPN
gujaf-148	264	7	,	,	PUNCT
gujaf-148	264	8	c.	c.	PROPN
gujaf-148	264	9	(	(	PUNCT
gujaf-148	264	10	2013	2013	NUM
gujaf-148	264	11	)	)	PUNCT
gujaf-148	264	12	.	.	PUNCT
gujaf-148	265	1	corporate	corporate	ADJ
gujaf-148	265	2	governance	governance	NOUN
gujaf-148	265	3	and	and	CCONJ
gujaf-148	265	4	market	market	NOUN
gujaf-148	265	5	value	value	NOUN
gujaf-148	265	6	:	:	PUNCT
gujaf-148	265	7	evidence	evidence	NOUN
gujaf-148	265	8	from	from	ADP
gujaf-148	265	9	turkish	turkish	ADJ
gujaf-148	265	10	banks	bank	NOUN
gujaf-148	265	11	.	.	PUNCT
gujaf-148	266	1	international	international	ADJ
gujaf-148	266	2	journal	journal	PROPN
gujaf-148	266	3	of	of	ADP
gujaf-148	266	4	academic	academic	ADJ
gujaf-148	266	5	research	research	NOUN
gujaf-148	266	6	in	in	ADP
gujaf-148	266	7	business	business	NOUN
gujaf-148	266	8	and	and	CCONJ
gujaf-148	266	9	social	social	ADJ
gujaf-148	266	10	sciences	science	NOUN
gujaf-148	266	11	,	,	PUNCT
gujaf-148	266	12	3(1	3(1	NUM
gujaf-148	266	13	)	)	PUNCT
gujaf-148	266	14	,	,	PUNCT
gujaf-148	266	15	2222	2222	NUM
gujaf-148	266	16	-	-	SYM
gujaf-148	266	17	2230	2230	NUM
gujaf-148	266	18	.	.	PUNCT
gujaf-148	267	1	drobetz	drobetz	VERB
gujaf-148	267	2	,	,	PUNCT
gujaf-148	267	3	w.	w.	PROPN
gujaf-148	267	4	(	(	PUNCT
gujaf-148	267	5	2002	2002	NUM
gujaf-148	267	6	)	)	PUNCT
gujaf-148	267	7	.	.	PUNCT
gujaf-148	268	1	corporate	corporate	ADJ
gujaf-148	268	2	governance	governance	NOUN
gujaf-148	268	3	:	:	PUNCT
gujaf-148	268	4	legal	legal	ADJ
gujaf-148	268	5	fiction	fiction	NOUN
gujaf-148	268	6	or	or	CCONJ
gujaf-148	268	7	economic	economic	ADJ
gujaf-148	268	8	reality	reality	NOUN
gujaf-148	268	9	.	.	PUNCT
gujaf-148	269	1	financial	financial	ADJ
gujaf-148	269	2	markets	market	NOUN
gujaf-148	269	3	and	and	CCONJ
gujaf-148	269	4	portfolio	portfolio	NOUN
gujaf-148	269	5	management	management	NOUN
gujaf-148	269	6	,	,	PUNCT
gujaf-148	269	7	16(4	16(4	NUM
gujaf-148	269	8	)	)	PUNCT
gujaf-148	269	9	,	,	PUNCT
gujaf-148	269	10	431	431	NUM
gujaf-148	269	11	-	-	SYM
gujaf-148	269	12	439	439	NUM
gujaf-148	269	13	.	.	PUNCT
gujaf-148	270	1	fama	fama	PROPN
gujaf-148	270	2	,	,	PUNCT
gujaf-148	270	3	e.	e.	PROPN
gujaf-148	270	4	,	,	PUNCT
gujaf-148	270	5	&	&	CCONJ
gujaf-148	270	6	jensen	jensen	PROPN
gujaf-148	270	7	,	,	PUNCT
gujaf-148	270	8	m.	m.	NOUN
gujaf-148	270	9	(	(	PUNCT
gujaf-148	270	10	1983	1983	NUM
gujaf-148	270	11	)	)	PUNCT
gujaf-148	270	12	.	.	PUNCT
gujaf-148	271	1	separation	separation	NOUN
gujaf-148	271	2	of	of	ADP
gujaf-148	271	3	ownership	ownership	NOUN
gujaf-148	271	4	and	and	CCONJ
gujaf-148	271	5	control	control	NOUN
gujaf-148	271	6	.	.	PUNCT
gujaf-148	272	1	journal	journal	PROPN
gujaf-148	272	2	of	of	ADP
gujaf-148	272	3	law	law	NOUN
gujaf-148	272	4	and	and	CCONJ
gujaf-148	272	5	economics	economic	NOUN
gujaf-148	272	6	,	,	PUNCT
gujaf-148	272	7	26	26	NUM
gujaf-148	272	8	,	,	PUNCT
gujaf-148	272	9	301	301	NUM
gujaf-148	272	10	-	-	SYM
gujaf-148	272	11	325	325	NUM
gujaf-148	272	12	.	.	PUNCT
gujaf-148	273	1	farinha	farinha	NOUN
gujaf-148	273	2	,	,	PUNCT
gujaf-148	273	3	j.	j.	PROPN
gujaf-148	273	4	(	(	PUNCT
gujaf-148	273	5	2003	2003	NUM
gujaf-148	273	6	)	)	PUNCT
gujaf-148	273	7	.	.	PUNCT
gujaf-148	274	1	dividend	dividend	NOUN
gujaf-148	274	2	policy	policy	NOUN
gujaf-148	274	3	,	,	PUNCT
gujaf-148	274	4	corporate	corporate	ADJ
gujaf-148	274	5	governance	governance	NOUN
gujaf-148	274	6	and	and	CCONJ
gujaf-148	274	7	the	the	DET
gujaf-148	274	8	managerial	managerial	ADJ
gujaf-148	274	9	entrenchment	entrenchment	NOUN
gujaf-148	274	10	hypothesis	hypothesis	NOUN
gujaf-148	274	11	:	:	PUNCT
gujaf-148	274	12	an	an	DET
gujaf-148	274	13	empirical	empirical	ADJ
gujaf-148	274	14	analysis	analysis	NOUN
gujaf-148	274	15	.	.	PUNCT
gujaf-148	275	1	journal	journal	PROPN
gujaf-148	275	2	of	of	ADP
gujaf-148	275	3	business	business	NOUN
gujaf-148	275	4	finance	finance	PROPN
gujaf-148	275	5	&	&	CCONJ
gujaf-148	275	6	accounting	accounting	PROPN
gujaf-148	275	7	,	,	PUNCT
gujaf-148	275	8	30	30	NUM
gujaf-148	275	9	,	,	PUNCT
gujaf-148	275	10	11731209	11731209	NUM
gujaf-148	275	11	.	.	PUNCT
gujaf-148	276	1	gompers	gomper	NOUN
gujaf-148	276	2	,	,	PUNCT
gujaf-148	276	3	p.a	p.a	PROPN
gujaf-148	276	4	.	.	PROPN
gujaf-148	276	5	,	,	PUNCT
gujaf-148	276	6	ishii	ishii	PROPN
gujaf-148	276	7	,	,	PUNCT
gujaf-148	276	8	j.	j.	PROPN
gujaf-148	276	9	,	,	PUNCT
gujaf-148	276	10	&	&	CCONJ
gujaf-148	276	11	metrick	metrick	ADJ
gujaf-148	276	12	,	,	PUNCT
gujaf-148	276	13	a.	a.	NOUN
gujaf-148	276	14	(	(	PUNCT
gujaf-148	276	15	2003	2003	NUM
gujaf-148	276	16	)	)	PUNCT
gujaf-148	276	17	.	.	PUNCT
gujaf-148	277	1	corporate	corporate	ADJ
gujaf-148	277	2	governance	governance	NOUN
gujaf-148	277	3	and	and	CCONJ
gujaf-148	277	4	equity	equity	NOUN
gujaf-148	277	5	prices	price	NOUN
gujaf-148	277	6	.	.	PUNCT
gujaf-148	278	1	quarterly	quarterly	ADJ
gujaf-148	278	2	journal	journal	NOUN
gujaf-148	278	3	of	of	ADP
gujaf-148	278	4	economics	economic	NOUN
gujaf-148	278	5	,	,	PUNCT
gujaf-148	278	6	118(2	118(2	NUM
gujaf-148	278	7	)	)	PUNCT
gujaf-148	278	8	,	,	PUNCT
gujaf-148	278	9	107	107	NUM
gujaf-148	278	10	-	-	SYM
gujaf-148	278	11	125	125	NUM
gujaf-148	278	12	.	.	PUNCT
gujaf-148	279	1	gujarati	gujarati	PROPN
gujaf-148	279	2	,	,	PUNCT
gujaf-148	279	3	d.	d.	PROPN
gujaf-148	279	4	n.	n.	PROPN
gujaf-148	279	5	(	(	PUNCT
gujaf-148	279	6	2003	2003	NUM
gujaf-148	279	7	)	)	PUNCT
gujaf-148	279	8	.	.	PUNCT
gujaf-148	280	1	basic	basic	ADJ
gujaf-148	280	2	econometrics	econometric	NOUN
gujaf-148	280	3	.	.	PUNCT
gujaf-148	281	1	mcgraw	mcgraw	PROPN
gujaf-148	281	2	-	-	PUNCT
gujaf-148	281	3	hill	hill	PROPN
gujaf-148	281	4	:	:	PUNCT
gujaf-148	281	5	new	new	PROPN
gujaf-148	281	6	york	york	PROPN
gujaf-148	281	7	.	.	PUNCT
gujaf-148	282	1	jensen	jensen	PROPN
gujaf-148	282	2	,	,	PUNCT
gujaf-148	282	3	m.	m.	PROPN
gujaf-148	282	4	c.	c.	PROPN
gujaf-148	282	5	(	(	PUNCT
gujaf-148	282	6	1993	1993	NUM
gujaf-148	282	7	)	)	PUNCT
gujaf-148	282	8	.	.	PUNCT
gujaf-148	283	1	the	the	DET
gujaf-148	283	2	modern	modern	ADJ
gujaf-148	283	3	industrial	industrial	ADJ
gujaf-148	283	4	revolution	revolution	NOUN
gujaf-148	283	5	,	,	PUNCT
gujaf-148	283	6	exit	exit	NOUN
gujaf-148	283	7	,	,	PUNCT
gujaf-148	283	8	and	and	CCONJ
gujaf-148	283	9	the	the	DET
gujaf-148	283	10	failure	failure	NOUN
gujaf-148	283	11	of	of	ADP
gujaf-148	283	12	internal	internal	ADJ
gujaf-148	283	13	control	control	NOUN
gujaf-148	283	14	systems	system	NOUN
gujaf-148	283	15	.	.	PUNCT
gujaf-148	284	1	the	the	DET
gujaf-148	284	2	journal	journal	PROPN
gujaf-148	284	3	of	of	ADP
gujaf-148	284	4	finance	finance	NOUN
gujaf-148	284	5	,	,	PUNCT
gujaf-148	284	6	48(3	48(3	PROPN
gujaf-148	284	7	)	)	PUNCT
gujaf-148	284	8	,	,	PUNCT
gujaf-148	284	9	831	831	NUM
gujaf-148	284	10	-	-	SYM
gujaf-148	284	11	880	880	NUM
gujaf-148	284	12	.	.	PUNCT
gujaf-148	285	1	17	17	NUM
gujaf-148	285	2	jensen	jensen	PROPN
gujaf-148	285	3	,	,	PUNCT
gujaf-148	285	4	m.	m.	PROPN
gujaf-148	285	5	c.	c.	PROPN
gujaf-148	285	6	,	,	PUNCT
gujaf-148	285	7	&	&	CCONJ
gujaf-148	285	8	meckling	meckling	PROPN
gujaf-148	285	9	,	,	PUNCT
gujaf-148	285	10	w.	w.	PROPN
gujaf-148	285	11	h.	h.	PROPN
gujaf-148	285	12	(	(	PUNCT
gujaf-148	285	13	1976	1976	NUM
gujaf-148	285	14	)	)	PUNCT
gujaf-148	285	15	.	.	PUNCT
gujaf-148	286	1	theory	theory	NOUN
gujaf-148	286	2	of	of	ADP
gujaf-148	286	3	the	the	DET
gujaf-148	286	4	firm	firm	NOUN
gujaf-148	286	5	:	:	PUNCT
gujaf-148	286	6	managerial	managerial	ADJ
gujaf-148	286	7	behavior	behavior	NOUN
gujaf-148	286	8	,	,	PUNCT
gujaf-148	286	9	agency	agency	NOUN
gujaf-148	286	10	costs	cost	NOUN
gujaf-148	286	11	,	,	PUNCT
gujaf-148	286	12	and	and	CCONJ
gujaf-148	286	13	ownership	ownership	NOUN
gujaf-148	286	14	structure	structure	NOUN
gujaf-148	286	15	.	.	PUNCT
gujaf-148	287	1	journal	journal	PROPN
gujaf-148	287	2	of	of	ADP
gujaf-148	287	3	economics	economic	NOUN
gujaf-148	287	4	,	,	PUNCT
gujaf-148	287	5	118	118	NUM
gujaf-148	287	6	,	,	PUNCT
gujaf-148	287	7	107	107	NUM
gujaf-148	287	8	-	-	SYM
gujaf-148	287	9	155	155	NUM
gujaf-148	287	10	.	.	PUNCT
gujaf-148	288	1	klapper	klapper	PROPN
gujaf-148	288	2	,	,	PUNCT
gujaf-148	288	3	l.	l.	PROPN
gujaf-148	288	4	f.	f.	PROPN
gujaf-148	288	5	,	,	PUNCT
gujaf-148	288	6	&	&	CCONJ
gujaf-148	288	7	love	love	PROPN
gujaf-148	288	8	,	,	PUNCT
gujaf-148	288	9	i.	i.	PROPN
gujaf-148	288	10	(	(	PUNCT
gujaf-148	288	11	2002	2002	NUM
gujaf-148	288	12	)	)	PUNCT
gujaf-148	288	13	.	.	PUNCT
gujaf-148	289	1	corporate	corporate	ADJ
gujaf-148	289	2	governance	governance	NOUN
gujaf-148	289	3	,	,	PUNCT
gujaf-148	289	4	investor	investor	NOUN
gujaf-148	289	5	protection	protection	NOUN
gujaf-148	289	6	and	and	CCONJ
gujaf-148	289	7	performance	performance	NOUN
gujaf-148	289	8	in	in	ADP
gujaf-148	289	9	emerging	emerge	VERB
gujaf-148	289	10	markets	market	NOUN
gujaf-148	289	11	.	.	PUNCT
gujaf-148	290	1	journal	journal	NOUN
gujaf-148	290	2	of	of	ADP
gujaf-148	290	3	corporate	corporate	ADJ
gujaf-148	290	4	finance	finance	NOUN
gujaf-148	290	5	,	,	PUNCT
gujaf-148	290	6	10(2	10(2	NUM
gujaf-148	290	7	)	)	PUNCT
gujaf-148	290	8	,	,	PUNCT
gujaf-148	290	9	703	703	NUM
gujaf-148	290	10	-	-	SYM
gujaf-148	290	11	728	728	NUM
gujaf-148	290	12	.	.	PUNCT
gujaf-148	291	1	kumar	kumar	PROPN
gujaf-148	291	2	,	,	PUNCT
gujaf-148	291	3	n.	n.	PROPN
gujaf-148	291	4	,	,	PUNCT
gujaf-148	291	5	&	&	CCONJ
gujaf-148	291	6	singh	singh	PROPN
gujaf-148	291	7	,	,	PUNCT
gujaf-148	291	8	j.	j.	PROPN
gujaf-148	291	9	p.	p.	PROPN
gujaf-148	291	10	(	(	PUNCT
gujaf-148	291	11	2013	2013	NUM
gujaf-148	291	12	)	)	PUNCT
gujaf-148	291	13	.	.	PUNCT
gujaf-148	292	1	effect	effect	NOUN
gujaf-148	292	2	of	of	ADP
gujaf-148	292	3	board	board	NOUN
gujaf-148	292	4	size	size	NOUN
gujaf-148	292	5	and	and	CCONJ
gujaf-148	292	6	promoter	promoter	NOUN
gujaf-148	292	7	ownership	ownership	NOUN
gujaf-148	292	8	on	on	ADP
gujaf-148	292	9	firm	firm	ADJ
gujaf-148	292	10	value	value	NOUN
gujaf-148	292	11	:	:	PUNCT
gujaf-148	292	12	some	some	DET
gujaf-148	292	13	empirical	empirical	ADJ
gujaf-148	292	14	findings	finding	NOUN
gujaf-148	292	15	from	from	ADP
gujaf-148	292	16	india	india	PROPN
gujaf-148	292	17	.	.	PUNCT
gujaf-148	293	1	corporate	corporate	ADJ
gujaf-148	293	2	governance	governance	NOUN
gujaf-148	293	3	,	,	PUNCT
gujaf-148	293	4	13(1	13(1	NUM
gujaf-148	293	5	)	)	PUNCT
gujaf-148	293	6	,	,	PUNCT
gujaf-148	293	7	88	88	NUM
gujaf-148	293	8	-	-	SYM
gujaf-148	293	9	98	98	NUM
gujaf-148	293	10	.	.	PUNCT
gujaf-148	294	1	malik	malik	PROPN
gujaf-148	294	2	,	,	PUNCT
gujaf-148	294	3	s.	s.	PROPN
gujaf-148	294	4	u.	u.	PROPN
gujaf-148	294	5	(	(	PUNCT
gujaf-148	294	6	2012	2012	NUM
gujaf-148	294	7	)	)	PUNCT
gujaf-148	294	8	.	.	PUNCT
gujaf-148	295	1	"	"	PUNCT
gujaf-148	295	2	relationship	relationship	NOUN
gujaf-148	295	3	between	between	ADP
gujaf-148	295	4	corporate	corporate	ADJ
gujaf-148	295	5	governance	governance	NOUN
gujaf-148	295	6	score	score	NOUN
gujaf-148	295	7	and	and	CCONJ
gujaf-148	295	8	stock	stock	NOUN
gujaf-148	295	9	prices	price	NOUN
gujaf-148	295	10	:	:	PUNCT
gujaf-148	295	11	evidence	evidence	NOUN
gujaf-148	295	12	from	from	ADP
gujaf-148	295	13	kse-30	kse-30	NOUN
gujaf-148	295	14	index	index	NOUN
gujaf-148	295	15	companies	company	NOUN
gujaf-148	295	16	.	.	PUNCT
gujaf-148	296	1	"international	"international	PROPN
gujaf-148	296	2	journal	journal	PROPN
gujaf-148	296	3	of	of	ADP
gujaf-148	296	4	business	business	NOUN
gujaf-148	296	5	and	and	CCONJ
gujaf-148	296	6	social	social	ADJ
gujaf-148	296	7	science	science	NOUN
gujaf-148	296	8	3(4	3(4	NUM
gujaf-148	296	9	)	)	PUNCT
gujaf-148	296	10	.	.	PUNCT
gujaf-148	297	1	mallette	mallette	PROPN
gujaf-148	297	2	,	,	PUNCT
gujaf-148	297	3	p.	p.	PROPN
gujaf-148	297	4	,	,	PUNCT
gujaf-148	297	5	&	&	CCONJ
gujaf-148	297	6	fowler	fowler	PROPN
gujaf-148	297	7	,	,	PUNCT
gujaf-148	297	8	k.	k.	PROPN
gujaf-148	297	9	l.	l.	PROPN
gujaf-148	297	10	(	(	PUNCT
gujaf-148	297	11	1992	1992	NUM
gujaf-148	297	12	)	)	PUNCT
gujaf-148	297	13	.	.	PUNCT
gujaf-148	298	1	effects	effect	NOUN
gujaf-148	298	2	of	of	ADP
gujaf-148	298	3	board	board	NOUN
gujaf-148	298	4	composition	composition	NOUN
gujaf-148	298	5	and	and	CCONJ
gujaf-148	298	6	stock	stock	NOUN
gujaf-148	298	7	ownership	ownership	NOUN
gujaf-148	298	8	on	on	ADP
gujaf-148	298	9	the	the	DET
gujaf-148	298	10	adoption	adoption	NOUN
gujaf-148	298	11	of	of	ADP
gujaf-148	298	12	poison	poison	NOUN
gujaf-148	298	13	pills	pill	NOUN
gujaf-148	298	14	.	.	PUNCT
gujaf-148	299	1	academy	academy	PROPN
gujaf-148	299	2	of	of	ADP
gujaf-148	299	3	management	management	PROPN
gujaf-148	299	4	journal	journal	NOUN
gujaf-148	299	5	,	,	PUNCT
gujaf-148	299	6	35	35	NUM
gujaf-148	299	7	,	,	PUNCT
gujaf-148	299	8	1010	1010	NUM
gujaf-148	299	9	-	-	SYM
gujaf-148	299	10	1035	1035	NUM
gujaf-148	299	11	.	.	PUNCT
gujaf-148	300	1	monem	monem	PROPN
gujaf-148	300	2	,	,	PUNCT
gujaf-148	300	3	r.	r.	PROPN
gujaf-148	300	4	m.	m.	PROPN
gujaf-148	300	5	(	(	PUNCT
gujaf-148	300	6	2013	2013	NUM
gujaf-148	300	7	)	)	PUNCT
gujaf-148	300	8	.	.	PUNCT
gujaf-148	301	1	determinants	determinant	NOUN
gujaf-148	301	2	of	of	ADP
gujaf-148	301	3	board	board	NOUN
gujaf-148	301	4	structure	structure	NOUN
gujaf-148	301	5	:	:	PUNCT
gujaf-148	301	6	evidence	evidence	NOUN
gujaf-148	301	7	from	from	ADP
gujaf-148	301	8	australia	australia	PROPN
gujaf-148	301	9	.	.	PUNCT
gujaf-148	302	1	journal	journal	PROPN
gujaf-148	302	2	of	of	ADP
gujaf-148	302	3	contemporary	contemporary	PROPN
gujaf-148	302	4	accounting	accounting	PROPN
gujaf-148	302	5	&	&	CCONJ
gujaf-148	302	6	economics	economic	NOUN
gujaf-148	302	7	,	,	PUNCT
gujaf-148	302	8	9(1	9(1	NUM
gujaf-148	302	9	)	)	PUNCT
gujaf-148	302	10	,	,	PUNCT
gujaf-148	302	11	33	33	NUM
gujaf-148	302	12	-	-	SYM
gujaf-148	302	13	49	49	NUM
gujaf-148	302	14	.	.	PUNCT
gujaf-148	303	1	muradoglu	muradoglu	PROPN
gujaf-148	303	2	,	,	PUNCT
gujaf-148	303	3	y.	y.	PROPN
gujaf-148	303	4	g.	g.	PROPN
gujaf-148	303	5	,	,	PUNCT
gujaf-148	303	6	&	&	CCONJ
gujaf-148	303	7	sivaprasad	sivaprasad	PROPN
gujaf-148	303	8	,	,	PUNCT
gujaf-148	303	9	s.	s.	PROPN
gujaf-148	303	10	(	(	PUNCT
gujaf-148	303	11	2012	2012	NUM
gujaf-148	303	12	)	)	PUNCT
gujaf-148	303	13	.	.	PUNCT
gujaf-148	304	1	using	use	VERB
gujaf-148	304	2	firm	firm	NOUN
gujaf-148	304	3	-	-	PUNCT
gujaf-148	304	4	leverage	leverage	NOUN
gujaf-148	304	5	as	as	ADP
gujaf-148	304	6	an	an	DET
gujaf-148	304	7	investment	investment	NOUN
gujaf-148	304	8	strategy	strategy	NOUN
gujaf-148	304	9	.	.	PUNCT
gujaf-148	305	1	journal	journal	NOUN
gujaf-148	305	2	of	of	ADP
gujaf-148	305	3	forecasting	forecasting	NOUN
gujaf-148	305	4	,	,	PUNCT
gujaf-148	305	5	31	31	NUM
gujaf-148	305	6	,	,	PUNCT
gujaf-148	305	7	260	260	NUM
gujaf-148	305	8	-	-	SYM
gujaf-148	305	9	279	279	NUM
gujaf-148	305	10	.	.	PUNCT
gujaf-148	306	1	myers	myers	PROPN
gujaf-148	306	2	,	,	PUNCT
gujaf-148	306	3	s.	s.	PROPN
gujaf-148	306	4	,	,	PUNCT
gujaf-148	306	5	(	(	PUNCT
gujaf-148	306	6	2014	2014	NUM
gujaf-148	306	7	)	)	PUNCT
gujaf-148	306	8	“	"	PUNCT
gujaf-148	306	9	how	how	SCONJ
gujaf-148	306	10	to	to	PART
gujaf-148	306	11	think	think	VERB
gujaf-148	306	12	about	about	ADP
gujaf-148	306	13	corporate	corporate	ADJ
gujaf-148	306	14	governance	governance	NOUN
gujaf-148	306	15	"	"	PUNCT
gujaf-148	306	16	western	western	ADJ
gujaf-148	306	17	finance	finance	NOUN
gujaf-148	306	18	association	association	NOUN
gujaf-148	306	19	keynote	keynote	PROPN
gujaf-148	306	20	address	address	PROPN
gujaf-148	306	21	,	,	PUNCT
gujaf-148	306	22	monterey	monterey	NOUN
gujaf-148	306	23	,	,	PUNCT
gujaf-148	306	24	california	california	PROPN
gujaf-148	306	25	,	,	PUNCT
gujaf-148	306	26	june	june	PROPN
gujaf-148	306	27	17	17	NUM
gujaf-148	306	28	,	,	PUNCT
gujaf-148	306	29	2014	2014	NUM
gujaf-148	306	30	.	.	PUNCT
gujaf-148	307	1	ongore	ongore	PROPN
gujaf-148	307	2	,	,	PUNCT
gujaf-148	307	3	v.	v.	PROPN
gujaf-148	307	4	,	,	PUNCT
gujaf-148	307	5	&	&	CCONJ
gujaf-148	307	6	k’obonyo	k’obonyo	PROPN
gujaf-148	307	7	,	,	PUNCT
gujaf-148	307	8	p.	p.	NOUN
gujaf-148	307	9	(	(	PUNCT
gujaf-148	307	10	2011	2011	NUM
gujaf-148	307	11	)	)	PUNCT
gujaf-148	307	12	.	.	PUNCT
gujaf-148	308	1	effects	effect	NOUN
gujaf-148	308	2	of	of	ADP
gujaf-148	308	3	selected	select	VERB
gujaf-148	308	4	corporate	corporate	ADJ
gujaf-148	308	5	governance	governance	NOUN
gujaf-148	308	6	characteristics	characteristic	NOUN
gujaf-148	308	7	on	on	ADP
gujaf-148	308	8	firm	firm	ADJ
gujaf-148	308	9	performance	performance	NOUN
gujaf-148	308	10	:	:	PUNCT
gujaf-148	308	11	empirical	empirical	ADJ
gujaf-148	308	12	evidence	evidence	NOUN
gujaf-148	308	13	from	from	ADP
gujaf-148	308	14	kenya	kenya	PROPN
gujaf-148	308	15	.	.	PUNCT
gujaf-148	309	1	international	international	ADJ
gujaf-148	309	2	journal	journal	PROPN
gujaf-148	309	3	of	of	ADP
gujaf-148	309	4	economics	economic	NOUN
gujaf-148	309	5	and	and	CCONJ
gujaf-148	309	6	financial	financial	ADJ
gujaf-148	309	7	issues	issue	NOUN
gujaf-148	309	8	,	,	PUNCT
gujaf-148	309	9	1(3	1(3	NUM
gujaf-148	309	10	)	)	PUNCT
gujaf-148	309	11	,	,	PUNCT
gujaf-148	309	12	99	99	NUM
gujaf-148	309	13	-	-	SYM
gujaf-148	309	14	122	122	NUM
gujaf-148	309	15	.	.	PUNCT
gujaf-148	309	16	organisation	organisation	NOUN
gujaf-148	309	17	for	for	ADP
gujaf-148	309	18	economic	economic	ADJ
gujaf-148	309	19	cooperation	cooperation	NOUN
gujaf-148	309	20	and	and	CCONJ
gujaf-148	309	21	development	development	NOUN
gujaf-148	309	22	(	(	PUNCT
gujaf-148	309	23	2004	2004	NUM
gujaf-148	309	24	)	)	PUNCT
gujaf-148	310	1	oecd	oecd	PROPN
gujaf-148	310	2	principles	principle	NOUN
gujaf-148	310	3	of	of	ADP
gujaf-148	310	4	corporate	corporate	ADJ
gujaf-148	310	5	governance	governance	NOUN
gujaf-148	310	6	organization	organization	NOUN
gujaf-148	310	7	,	,	PUNCT
gujaf-148	310	8	1(1	1(1	NUM
gujaf-148	310	9	)	)	PUNCT
gujaf-148	310	10	,	,	PUNCT
gujaf-148	310	11	101	101	NUM
gujaf-148	310	12	-	-	SYM
gujaf-148	310	13	124	124	NUM
gujaf-148	310	14	.	.	PUNCT
gujaf-148	311	1	oslo	oslo	PROPN
gujaf-148	311	2	,	,	PUNCT
gujaf-148	311	3	g.f	g.f	PROPN
gujaf-148	311	4	.	.	PROPN
gujaf-148	311	5	(	(	PUNCT
gujaf-148	311	6	2007	2007	NUM
gujaf-148	311	7	)	)	PUNCT
gujaf-148	311	8	.	.	PUNCT
gujaf-148	312	1	quarter	quarter	NOUN
gujaf-148	312	2	of	of	ADP
gujaf-148	312	3	norway	norway	PROPN
gujaf-148	312	4	’s	’s	PART
gujaf-148	312	5	firms	firm	NOUN
gujaf-148	312	6	face	face	VERB
gujaf-148	312	7	shutdown	shutdown	NOUN
gujaf-148	312	8	as	as	ADP
gujaf-148	312	9	female	female	ADJ
gujaf-148	312	10	directors	director	NOUN
gujaf-148	312	11	’	'	PUNCT
gujaf-148	312	12	deadline	deadline	NOUN
gujaf-148	312	13	approaches	approach	NOUN
gujaf-148	312	14	.	.	PUNCT
gujaf-148	313	1	the	the	DET
gujaf-148	313	2	guardian	guardian	NOUN
gujaf-148	313	3	,	,	PUNCT
gujaf-148	313	4	27	27	NUM
gujaf-148	313	5	december	december	NOUN
gujaf-148	313	6	oyerinde	oyerinde	NOUN
gujaf-148	313	7	,	,	PUNCT
gujaf-148	313	8	a.	a.	NOUN
gujaf-148	313	9	a.	a.	NOUN
gujaf-148	313	10	(	(	PUNCT
gujaf-148	313	11	2014	2014	NUM
gujaf-148	313	12	)	)	PUNCT
gujaf-148	313	13	.	.	PUNCT
gujaf-148	314	1	corporate	corporate	ADJ
gujaf-148	314	2	governance	governance	NOUN
gujaf-148	314	3	and	and	CCONJ
gujaf-148	314	4	bank	bank	NOUN
gujaf-148	314	5	performance	performance	NOUN
gujaf-148	314	6	in	in	ADP
gujaf-148	314	7	nigeria	nigeria	PROPN
gujaf-148	314	8	:	:	PUNCT
gujaf-148	314	9	further	further	ADJ
gujaf-148	314	10	evidence	evidence	NOUN
gujaf-148	314	11	from	from	ADP
gujaf-148	314	12	nigeria	nigeria	PROPN
gujaf-148	314	13	.	.	PUNCT
gujaf-148	315	1	international	international	ADJ
gujaf-148	315	2	journal	journal	PROPN
gujaf-148	315	3	of	of	ADP
gujaf-148	315	4	business	business	NOUN
gujaf-148	315	5	and	and	CCONJ
gujaf-148	315	6	management	management	NOUN
gujaf-148	315	7	,	,	PUNCT
gujaf-148	315	8	9	9	NUM
gujaf-148	315	9	,	,	PUNCT
gujaf-148	315	10	133139	133139	NUM
gujaf-148	315	11	.	.	PUNCT
gujaf-148	316	1	peasnell	peasnell	PROPN
gujaf-148	316	2	,	,	PUNCT
gujaf-148	316	3	k.v	k.v	PROPN
gujaf-148	316	4	.	.	PROPN
gujaf-148	316	5	,	,	PUNCT
gujaf-148	316	6	pope	pope	PROPN
gujaf-148	316	7	,	,	PUNCT
gujaf-148	316	8	p.f	p.f	PROPN
gujaf-148	316	9	.	.	PROPN
gujaf-148	316	10	,	,	PUNCT
gujaf-148	316	11	&	&	CCONJ
gujaf-148	316	12	young	young	PROPN
gujaf-148	316	13	,	,	PUNCT
gujaf-148	316	14	s.	s.	PROPN
gujaf-148	316	15	(	(	PUNCT
gujaf-148	316	16	2003	2003	NUM
gujaf-148	316	17	)	)	PUNCT
gujaf-148	316	18	.	.	PUNCT
gujaf-148	317	1	managerial	managerial	ADJ
gujaf-148	317	2	equity	equity	NOUN
gujaf-148	317	3	ownership	ownership	NOUN
gujaf-148	317	4	and	and	CCONJ
gujaf-148	317	5	the	the	DET
gujaf-148	317	6	demand	demand	NOUN
gujaf-148	317	7	for	for	ADP
gujaf-148	317	8	outside	outside	ADJ
gujaf-148	317	9	directors	director	NOUN
gujaf-148	317	10	.	.	PUNCT
gujaf-148	318	1	working	work	VERB
gujaf-148	318	2	paper	paper	NOUN
gujaf-148	318	3	,	,	PUNCT
gujaf-148	318	4	lancaster	lancaster	PROPN
gujaf-148	318	5	university	university	PROPN
gujaf-148	318	6	securities	security	NOUN
gujaf-148	318	7	and	and	CCONJ
gujaf-148	318	8	exchange	exchange	PROPN
gujaf-148	318	9	commission	commission	PROPN
gujaf-148	318	10	,	,	PUNCT
gujaf-148	318	11	sec	sec	PROPN
gujaf-148	318	12	(	(	PUNCT
gujaf-148	318	13	2011	2011	NUM
gujaf-148	318	14	)	)	PUNCT
gujaf-148	318	15	.	.	PUNCT
gujaf-148	319	1	code	code	NOUN
gujaf-148	319	2	of	of	ADP
gujaf-148	319	3	corporate	corporate	ADJ
gujaf-148	319	4	governance	governance	NOUN
gujaf-148	319	5	in	in	ADP
gujaf-148	319	6	nigeria	nigeria	PROPN
gujaf-148	319	7	.	.	PUNCT
gujaf-148	320	1	sala	sala	PROPN
gujaf-148	320	2	,	,	PUNCT
gujaf-148	320	3	w.	w.	PROPN
gujaf-148	320	4	&	&	CCONJ
gujaf-148	320	5	elewa	elewa	PROPN
gujaf-148	320	6	,	,	PUNCT
gujaf-148	320	7	m.	m.	NOUN
gujaf-148	320	8	(	(	PUNCT
gujaf-148	320	9	2016	2016	NUM
gujaf-148	320	10	)	)	PUNCT
gujaf-148	320	11	the	the	DET
gujaf-148	320	12	impact	impact	NOUN
gujaf-148	320	13	of	of	ADP
gujaf-148	320	14	corporate	corporate	ADJ
gujaf-148	320	15	governance	governance	NOUN
gujaf-148	320	16	on	on	ADP
gujaf-148	320	17	stock	stock	NOUN
gujaf-148	320	18	price	price	NOUN
gujaf-148	320	19	and	and	CCONJ
gujaf-148	320	20	trade	trade	NOUN
gujaf-148	320	21	volume	volume	NOUN
gujaf-148	320	22	.	.	PUNCT
gujaf-148	321	1	international	international	ADJ
gujaf-148	321	2	journal	journal	PROPN
gujaf-148	321	3	of	of	ADP
gujaf-148	321	4	accounting	accounting	NOUN
gujaf-148	321	5	and	and	CCONJ
gujaf-148	321	6	financial	financial	ADJ
gujaf-148	321	7	reporting	reporting	NOUN
gujaf-148	321	8	6(2	6(2	NUM
gujaf-148	321	9	)	)	PUNCT
gujaf-148	321	10	.	.	PUNCT
gujaf-148	322	1	shin	shin	PROPN
gujaf-148	322	2	,	,	PUNCT
gujaf-148	322	3	p.	p.	PROPN
gujaf-148	322	4	&	&	CCONJ
gujaf-148	322	5	gulati	gulati	PROPN
gujaf-148	322	6	,	,	PUNCT
gujaf-148	322	7	m.	m.	NOUN
gujaf-148	322	8	(	(	PUNCT
gujaf-148	322	9	2011	2011	NUM
gujaf-148	322	10	)	)	PUNCT
gujaf-148	322	11	.	.	PUNCT
gujaf-148	323	1	showcasing	showcase	VERB
gujaf-148	323	2	diversity	diversity	NOUN
gujaf-148	323	3	.	.	PUNCT
gujaf-148	324	1	north	north	PROPN
gujaf-148	324	2	carolina	carolina	PROPN
gujaf-148	324	3	law	law	PROPN
gujaf-148	324	4	review	review	NOUN
gujaf-148	324	5	89	89	NUM
gujaf-148	324	6	,	,	PUNCT
gujaf-148	324	7	10171054	10171054	NUM
gujaf-148	324	8	.	.	PUNCT
gujaf-148	325	1	shleifer	shleifer	PROPN
gujaf-148	325	2	,	,	PUNCT
gujaf-148	325	3	a.	a.	NOUN
gujaf-148	325	4	(	(	PUNCT
gujaf-148	325	5	1989	1989	NUM
gujaf-148	325	6	)	)	PUNCT
gujaf-148	325	7	.	.	PUNCT
gujaf-148	326	1	management	management	NOUN
gujaf-148	326	2	entrenchment	entrenchment	NOUN
gujaf-148	326	3	:	:	PUNCT
gujaf-148	326	4	the	the	DET
gujaf-148	326	5	case	case	NOUN
gujaf-148	326	6	of	of	ADP
gujaf-148	326	7	manager	manager	NOUN
gujaf-148	326	8	-	-	PUNCT
gujaf-148	326	9	specific	specific	ADJ
gujaf-148	326	10	investments	investment	NOUN
gujaf-148	326	11	.	.	PUNCT
gujaf-148	327	1	journal	journal	NOUN
gujaf-148	327	2	of	of	ADP
gujaf-148	327	3	financial	financial	ADJ
gujaf-148	327	4	economics	economic	NOUN
gujaf-148	327	5	,	,	PUNCT
gujaf-148	327	6	25	25	NUM
gujaf-148	327	7	,	,	PUNCT
gujaf-148	327	8	123	123	NUM
gujaf-148	327	9	-	-	SYM
gujaf-148	327	10	139	139	NUM
gujaf-148	327	11	.	.	PUNCT
gujaf-148	328	1	18	18	NUM
gujaf-148	328	2	shleifer	shleifer	NOUN
gujaf-148	328	3	,	,	PUNCT
gujaf-148	328	4	a.	a.	PROPN
gujaf-148	328	5	,	,	PUNCT
gujaf-148	328	6	&	&	CCONJ
gujaf-148	328	7	vishny	vishny	PROPN
gujaf-148	328	8	,	,	PUNCT
gujaf-148	328	9	r.	r.	PROPN
gujaf-148	328	10	w.	w.	PROPN
gujaf-148	328	11	(	(	PUNCT
gujaf-148	328	12	1997	1997	NUM
gujaf-148	328	13	)	)	PUNCT
gujaf-148	328	14	.	.	PUNCT
gujaf-148	329	1	a	a	DET
gujaf-148	329	2	survey	survey	NOUN
gujaf-148	329	3	of	of	ADP
gujaf-148	329	4	corporate	corporate	ADJ
gujaf-148	329	5	governance	governance	NOUN
gujaf-148	329	6	.	.	PUNCT
gujaf-148	330	1	journal	journal	NOUN
gujaf-148	330	2	of	of	ADP
gujaf-148	330	3	financial	financial	ADJ
gujaf-148	330	4	economics	economic	NOUN
gujaf-148	330	5	,	,	PUNCT
gujaf-148	330	6	52(2	52(2	NUM
gujaf-148	330	7	)	)	PUNCT
gujaf-148	330	8	,	,	PUNCT
gujaf-148	330	9	737	737	NUM
gujaf-148	330	10	-	-	SYM
gujaf-148	330	11	783	783	NUM
gujaf-148	330	12	.	.	PUNCT
gujaf-148	331	1	uche	uche	PROPN
gujaf-148	331	2	,	,	PUNCT
gujaf-148	331	3	c.	c.	PROPN
gujaf-148	331	4	(	(	PUNCT
gujaf-148	331	5	2004	2004	NUM
gujaf-148	331	6	)	)	PUNCT
gujaf-148	331	7	.	.	PUNCT
gujaf-148	332	1	corporate	corporate	ADJ
gujaf-148	332	2	governance	governance	NOUN
gujaf-148	332	3	in	in	ADP
gujaf-148	332	4	nigerian	nigerian	ADJ
gujaf-148	332	5	financial	financial	ADJ
gujaf-148	332	6	industry	industry	NOUN
gujaf-148	332	7	.	.	PUNCT
gujaf-148	333	1	chartered	chartered	PROPN
gujaf-148	333	2	institute	institute	PROPN
gujaf-148	333	3	of	of	ADP
gujaf-148	333	4	bankers	bankers	PROPN
gujaf-148	333	5	of	of	ADP
gujaf-148	333	6	nigeria	nigeria	PROPN
gujaf-148	333	7	journal	journal	PROPN
gujaf-148	333	8	,	,	PUNCT
gujaf-148	333	9	2	2	NUM
gujaf-148	333	10	,	,	PUNCT
gujaf-148	333	11	11	11	NUM
gujaf-148	333	12	-	-	SYM
gujaf-148	333	13	23	23	NUM
gujaf-148	333	14	.	.	PUNCT
gujaf-148	334	1	velnampy	velnampy	NOUN
gujaf-148	334	2	,	,	PUNCT
gujaf-148	334	3	t.	t.	PROPN
gujaf-148	334	4	,	,	PUNCT
gujaf-148	334	5	&	&	CCONJ
gujaf-148	334	6	pratheepkanth	pratheepkanth	PROPN
gujaf-148	334	7	,	,	PUNCT
gujaf-148	334	8	p.	p.	NOUN
gujaf-148	334	9	(	(	PUNCT
gujaf-148	334	10	2013	2013	NUM
gujaf-148	334	11	)	)	PUNCT
gujaf-148	334	12	.	.	PUNCT
gujaf-148	335	1	corporate	corporate	ADJ
gujaf-148	335	2	governance	governance	NOUN
gujaf-148	335	3	and	and	CCONJ
gujaf-148	335	4	firm	firm	ADJ
gujaf-148	335	5	performance	performance	NOUN
gujaf-148	335	6	:	:	PUNCT
gujaf-148	335	7	a	a	DET
gujaf-148	335	8	study	study	NOUN
gujaf-148	335	9	of	of	ADP
gujaf-148	335	10	selected	select	VERB
gujaf-148	335	11	listed	list	VERB
gujaf-148	335	12	companies	company	NOUN
gujaf-148	335	13	in	in	ADP
gujaf-148	335	14	sri	sri	PROPN
gujaf-148	335	15	lanka	lanka	PROPN
gujaf-148	335	16	.	.	PUNCT
gujaf-148	336	1	european	european	PROPN
gujaf-148	336	2	journal	journal	PROPN
gujaf-148	336	3	of	of	ADP
gujaf-148	336	4	commerce	commerce	PROPN
gujaf-148	336	5	and	and	CCONJ
gujaf-148	336	6	management	management	NOUN
gujaf-148	336	7	research	research	NOUN
gujaf-148	336	8	,	,	PUNCT
gujaf-148	336	9	2(6	2(6	NUM
gujaf-148	336	10	)	)	PUNCT
gujaf-148	336	11	,	,	PUNCT
gujaf-148	336	12	123	123	NUM
gujaf-148	336	13	-	-	SYM
gujaf-148	336	14	127	127	NUM
gujaf-148	336	15	.	.	PUNCT
gujaf-148	337	1	wolfensohn	wolfensohn	PROPN
gujaf-148	337	2	,	,	PUNCT
gujaf-148	337	3	(	(	PUNCT
gujaf-148	337	4	1999	1999	NUM
gujaf-148	337	5	)	)	PUNCT
gujaf-148	337	6	.	.	PUNCT
gujaf-148	338	1	corporate	corporate	ADJ
gujaf-148	338	2	governance	governance	NOUN
gujaf-148	338	3	is	be	AUX
gujaf-148	338	4	about	about	ADP
gujaf-148	338	5	promoting	promote	VERB
gujaf-148	338	6	corporate	corporate	ADJ
gujaf-148	338	7	fairness	fairness	NOUN
gujaf-148	338	8	,	,	PUNCT
gujaf-148	338	9	transparency	transparency	NOUN
gujaf-148	338	10	and	and	CCONJ
gujaf-148	338	11	accountability	accountability	NOUN
gujaf-148	338	12	.	.	PUNCT
gujaf-148	339	1	financial	financial	ADJ
gujaf-148	339	2	times	time	NOUN
gujaf-148	339	3	,	,	PUNCT
gujaf-148	339	4	21st	21st	PROPN
gujaf-148	339	5	june	june	PROPN
gujaf-148	339	6	.	.	PUNCT