id	sid	tid	token	lemma	pos
gujaf-15	1	1	gujaf	gujaf	NOUN
gujaf-15	1	2	:	:	PUNCT
gujaf-15	1	3	gusau	gusau	PROPN
gujaf-15	1	4	journal	journal	NOUN
gujaf-15	1	5	of	of	ADP
gujaf-15	1	6	accounting	accounting	NOUN
gujaf-15	1	7	and	and	CCONJ
gujaf-15	1	8	finance	finance	NOUN
gujaf-15	1	9	,	,	PUNCT
gujaf-15	1	10	vol	vol	NOUN
gujaf-15	1	11	.	.	PUNCT
gujaf-15	2	1	i	i	PRON
gujaf-15	2	2	,	,	PUNCT
gujaf-15	2	3	issue	issue	NOUN
gujaf-15	2	4	1	1	NUM
gujaf-15	2	5	,	,	PUNCT
gujaf-15	2	6	april	april	PROPN
gujaf-15	2	7	,	,	PUNCT
gujaf-15	2	8	2020	2020	NUM
gujaf-15	2	9	issn	issn	VERB
gujaf-15	2	10	2756	2756	NUM
gujaf-15	2	11	-	-	PUNCT
gujaf-15	2	12	665x	665x	NOUN
gujaf-15	2	13	1	1	NUM
gujaf-15	2	14	corporate	corporate	ADJ
gujaf-15	2	15	ownership	ownership	NOUN
gujaf-15	2	16	structure	structure	NOUN
gujaf-15	2	17	and	and	CCONJ
gujaf-15	2	18	investors	investor	NOUN
gujaf-15	2	19	’	'	PUNCT
gujaf-15	2	20	confidence	confidence	NOUN
gujaf-15	2	21	of	of	ADP
gujaf-15	2	22	listed	list	VERB
gujaf-15	2	23	deposit	deposit	NOUN
gujaf-15	2	24	money	money	NOUN
gujaf-15	2	25	banks	bank	NOUN
gujaf-15	2	26	in	in	ADP
gujaf-15	2	27	nigeria	nigeria	PROPN
gujaf-15	2	28	jaafaru	jaafaru	PROPN
gujaf-15	2	29	modibbo	modibbo	PROPN
gujaf-15	2	30	department	department	PROPN
gujaf-15	2	31	of	of	ADP
gujaf-15	2	32	accounting	account	VERB
gujaf-15	2	33	ahmadu	ahmadu	PROPN
gujaf-15	2	34	bello	bello	PROPN
gujaf-15	2	35	university	university	NOUN
gujaf-15	2	36	,	,	PUNCT
gujaf-15	2	37	zaria	zaria	PROPN
gujaf-15	2	38	+2348064363820	+2348064363820	PROPN
gujaf-15	2	39	,	,	PUNCT
gujaf-15	2	40	+2349054441984	+2349054441984	PROPN
gujaf-15	2	41	jafarmodibbo@icloud.com	jafarmodibbo@icloud.com	PROPN
gujaf-15	2	42	ibrahim	ibrahim	PROPN
gujaf-15	2	43	tijjani	tijjani	PROPN
gujaf-15	2	44	department	department	PROPN
gujaf-15	2	45	of	of	ADP
gujaf-15	2	46	accounting	account	VERB
gujaf-15	2	47	ahmadu	ahmadu	PROPN
gujaf-15	2	48	bello	bello	PROPN
gujaf-15	2	49	university	university	NOUN
gujaf-15	2	50	,	,	PUNCT
gujaf-15	2	51	zaria	zaria	PROPN
gujaf-15	2	52	+2348036591626	+2348036591626	PROPN
gujaf-15	2	53	,	,	PUNCT
gujaf-15	3	1	+2348119386803	+2348119386803	NOUN
gujaf-15	3	2	muazzamtj@gmail.com	muazzamtj@gmail.com	X
gujaf-15	3	3	abstract	abstract	ADJ
gujaf-15	3	4	this	this	DET
gujaf-15	3	5	paper	paper	NOUN
gujaf-15	3	6	investigates	investigate	VERB
gujaf-15	3	7	the	the	DET
gujaf-15	3	8	effect	effect	NOUN
gujaf-15	3	9	of	of	ADP
gujaf-15	3	10	corporate	corporate	ADJ
gujaf-15	3	11	ownership	ownership	NOUN
gujaf-15	3	12	structure	structure	NOUN
gujaf-15	3	13	on	on	ADP
gujaf-15	3	14	investors	investor	NOUN
gujaf-15	3	15	’	'	PUNCT
gujaf-15	3	16	confidence	confidence	NOUN
gujaf-15	3	17	of	of	ADP
gujaf-15	3	18	listed	list	VERB
gujaf-15	3	19	deposit	deposit	NOUN
gujaf-15	3	20	money	money	NOUN
gujaf-15	3	21	banks	bank	NOUN
gujaf-15	3	22	in	in	ADP
gujaf-15	3	23	nigeria	nigeria	PROPN
gujaf-15	3	24	.	.	PUNCT
gujaf-15	4	1	the	the	DET
gujaf-15	4	2	study	study	NOUN
gujaf-15	4	3	adopted	adopt	VERB
gujaf-15	4	4	correlational	correlational	ADJ
gujaf-15	4	5	research	research	NOUN
gujaf-15	4	6	design	design	NOUN
gujaf-15	4	7	using	use	VERB
gujaf-15	4	8	panel	panel	NOUN
gujaf-15	4	9	data	datum	NOUN
gujaf-15	4	10	collected	collect	VERB
gujaf-15	4	11	from	from	ADP
gujaf-15	4	12	annual	annual	ADJ
gujaf-15	4	13	reports	report	NOUN
gujaf-15	4	14	and	and	CCONJ
gujaf-15	4	15	accounts	account	NOUN
gujaf-15	4	16	of	of	ADP
gujaf-15	4	17	14	14	NUM
gujaf-15	4	18	deposit	deposit	NOUN
gujaf-15	4	19	money	money	NOUN
gujaf-15	4	20	banks	bank	NOUN
gujaf-15	4	21	in	in	ADP
gujaf-15	4	22	nigeria	nigeria	PROPN
gujaf-15	4	23	that	that	PRON
gujaf-15	4	24	form	form	VERB
gujaf-15	4	25	the	the	DET
gujaf-15	4	26	whole	whole	ADJ
gujaf-15	4	27	population	population	NOUN
gujaf-15	4	28	of	of	ADP
gujaf-15	4	29	the	the	DET
gujaf-15	4	30	study	study	NOUN
gujaf-15	4	31	for	for	ADP
gujaf-15	4	32	the	the	DET
gujaf-15	4	33	period	period	NOUN
gujaf-15	4	34	of	of	ADP
gujaf-15	4	35	10	10	NUM
gujaf-15	4	36	years	year	NOUN
gujaf-15	4	37	(	(	PUNCT
gujaf-15	4	38	2010	2010	NUM
gujaf-15	4	39	-	-	SYM
gujaf-15	4	40	2019	2019	NUM
gujaf-15	4	41	)	)	PUNCT
gujaf-15	4	42	.	.	PUNCT
gujaf-15	5	1	descriptive	descriptive	ADJ
gujaf-15	5	2	statistics	statistic	NOUN
gujaf-15	5	3	was	be	AUX
gujaf-15	5	4	used	use	VERB
gujaf-15	5	5	to	to	PART
gujaf-15	5	6	analyze	analyze	VERB
gujaf-15	5	7	data	datum	NOUN
gujaf-15	5	8	in	in	ADP
gujaf-15	5	9	order	order	NOUN
gujaf-15	5	10	to	to	PART
gujaf-15	5	11	provide	provide	VERB
gujaf-15	5	12	summary	summary	NOUN
gujaf-15	5	13	statistics	statistic	NOUN
gujaf-15	5	14	for	for	ADP
gujaf-15	5	15	the	the	DET
gujaf-15	5	16	variables	variable	NOUN
gujaf-15	5	17	.	.	PUNCT
gujaf-15	6	1	pearson	pearson	PROPN
gujaf-15	6	2	’s	’s	PART
gujaf-15	6	3	correlation	correlation	NOUN
gujaf-15	6	4	technique	technique	NOUN
gujaf-15	6	5	was	be	AUX
gujaf-15	6	6	employed	employ	VERB
gujaf-15	6	7	in	in	ADP
gujaf-15	6	8	order	order	NOUN
gujaf-15	6	9	to	to	PART
gujaf-15	6	10	analyze	analyze	VERB
gujaf-15	6	11	and	and	CCONJ
gujaf-15	6	12	ascertain	ascertain	VERB
gujaf-15	6	13	the	the	DET
gujaf-15	6	14	extent	extent	NOUN
gujaf-15	6	15	of	of	ADP
gujaf-15	6	16	the	the	DET
gujaf-15	6	17	relationship	relationship	NOUN
gujaf-15	6	18	between	between	ADP
gujaf-15	6	19	the	the	DET
gujaf-15	6	20	dependent	dependent	ADJ
gujaf-15	6	21	and	and	CCONJ
gujaf-15	6	22	independent	independent	ADJ
gujaf-15	6	23	variables	variable	NOUN
gujaf-15	6	24	.	.	PUNCT
gujaf-15	7	1	the	the	DET
gujaf-15	7	2	fixed	fix	VERB
gujaf-15	7	3	effect	effect	NOUN
gujaf-15	7	4	regression	regression	NOUN
gujaf-15	7	5	results	result	NOUN
gujaf-15	7	6	revealed	reveal	VERB
gujaf-15	7	7	that	that	SCONJ
gujaf-15	7	8	institutional	institutional	ADJ
gujaf-15	7	9	investors	investor	NOUN
gujaf-15	7	10	have	have	VERB
gujaf-15	7	11	a	a	DET
gujaf-15	7	12	positive	positive	ADJ
gujaf-15	7	13	and	and	CCONJ
gujaf-15	7	14	significant	significant	ADJ
gujaf-15	7	15	relationship	relationship	NOUN
gujaf-15	7	16	with	with	ADP
gujaf-15	7	17	investors	investor	NOUN
gujaf-15	7	18	’	'	PUNCT
gujaf-15	7	19	confidence	confidence	NOUN
gujaf-15	7	20	.	.	PUNCT
gujaf-15	8	1	the	the	DET
gujaf-15	8	2	result	result	NOUN
gujaf-15	8	3	further	far	ADV
gujaf-15	8	4	shows	show	VERB
gujaf-15	8	5	that	that	SCONJ
gujaf-15	8	6	insider	insider	NOUN
gujaf-15	8	7	and	and	CCONJ
gujaf-15	8	8	block	block	NOUN
gujaf-15	8	9	ownership	ownership	NOUN
gujaf-15	8	10	has	have	VERB
gujaf-15	8	11	a	a	DET
gujaf-15	8	12	negative	negative	ADJ
gujaf-15	8	13	and	and	CCONJ
gujaf-15	8	14	statistically	statistically	ADV
gujaf-15	8	15	significant	significant	ADJ
gujaf-15	8	16	relationship	relationship	NOUN
gujaf-15	8	17	with	with	ADP
gujaf-15	8	18	investors	investor	NOUN
gujaf-15	8	19	’	’	PART
gujaf-15	8	20	confidence	confidence	NOUN
gujaf-15	8	21	.	.	PUNCT
gujaf-15	9	1	and	and	CCONJ
gujaf-15	9	2	on	on	ADP
gujaf-15	9	3	the	the	DET
gujaf-15	9	4	contrary	contrary	ADJ
gujaf-15	9	5	foreign	foreign	ADJ
gujaf-15	9	6	ownership	ownership	NOUN
gujaf-15	9	7	has	have	AUX
gujaf-15	9	8	no	no	DET
gujaf-15	9	9	significant	significant	ADJ
gujaf-15	9	10	relationship	relationship	NOUN
gujaf-15	9	11	hence	hence	ADV
gujaf-15	9	12	did	do	AUX
gujaf-15	9	13	not	not	PART
gujaf-15	9	14	play	play	VERB
gujaf-15	9	15	any	any	DET
gujaf-15	9	16	role	role	NOUN
gujaf-15	9	17	in	in	ADP
gujaf-15	9	18	influencing	influence	VERB
gujaf-15	9	19	investors	investor	NOUN
gujaf-15	9	20	’	'	PUNCT
gujaf-15	9	21	confidence	confidence	NOUN
gujaf-15	9	22	of	of	ADP
gujaf-15	9	23	listed	list	VERB
gujaf-15	9	24	deposit	deposit	NOUN
gujaf-15	9	25	money	money	NOUN
gujaf-15	9	26	banks	bank	NOUN
gujaf-15	9	27	in	in	ADP
gujaf-15	9	28	nigeria	nigeria	PROPN
gujaf-15	9	29	.	.	PUNCT
gujaf-15	10	1	based	base	VERB
gujaf-15	10	2	on	on	ADP
gujaf-15	10	3	the	the	DET
gujaf-15	10	4	findings	finding	NOUN
gujaf-15	10	5	,	,	PUNCT
gujaf-15	10	6	the	the	DET
gujaf-15	10	7	study	study	NOUN
gujaf-15	10	8	recommends	recommend	VERB
gujaf-15	10	9	managers	manager	NOUN
gujaf-15	10	10	of	of	ADP
gujaf-15	10	11	listed	list	VERB
gujaf-15	10	12	deposit	deposit	NOUN
gujaf-15	10	13	money	money	NOUN
gujaf-15	10	14	banks	bank	NOUN
gujaf-15	10	15	in	in	ADP
gujaf-15	10	16	nigeria	nigeria	PROPN
gujaf-15	10	17	should	should	AUX
gujaf-15	10	18	give	give	VERB
gujaf-15	10	19	more	more	ADJ
gujaf-15	10	20	room	room	NOUN
gujaf-15	10	21	to	to	ADP
gujaf-15	10	22	institutional	institutional	ADJ
gujaf-15	10	23	investors	investor	NOUN
gujaf-15	10	24	to	to	PART
gujaf-15	10	25	own	own	VERB
gujaf-15	10	26	more	more	ADJ
gujaf-15	10	27	shares	share	NOUN
gujaf-15	10	28	so	so	SCONJ
gujaf-15	10	29	that	that	SCONJ
gujaf-15	10	30	the	the	PRON
gujaf-15	10	31	higher	high	ADJ
gujaf-15	10	32	their	their	PRON
gujaf-15	10	33	interest	interest	NOUN
gujaf-15	10	34	,	,	PUNCT
gujaf-15	10	35	the	the	PRON
gujaf-15	10	36	more	more	ADJ
gujaf-15	10	37	they	they	PRON
gujaf-15	10	38	will	will	AUX
gujaf-15	10	39	be	be	AUX
gujaf-15	10	40	willing	willing	ADJ
gujaf-15	10	41	to	to	PART
gujaf-15	10	42	monitor	monitor	VERB
gujaf-15	10	43	the	the	DET
gujaf-15	10	44	activities	activity	NOUN
gujaf-15	10	45	of	of	ADP
gujaf-15	10	46	the	the	DET
gujaf-15	10	47	firms	firm	NOUN
gujaf-15	10	48	.	.	PUNCT
gujaf-15	11	1	this	this	PRON
gujaf-15	11	2	will	will	AUX
gujaf-15	11	3	enable	enable	VERB
gujaf-15	11	4	investors	investor	NOUN
gujaf-15	11	5	to	to	PART
gujaf-15	11	6	have	have	VERB
gujaf-15	11	7	more	more	ADJ
gujaf-15	11	8	confidence	confidence	NOUN
gujaf-15	11	9	in	in	ADP
gujaf-15	11	10	the	the	DET
gujaf-15	11	11	firms	firm	NOUN
gujaf-15	11	12	.	.	PUNCT
gujaf-15	12	1	insider	insider	NOUN
gujaf-15	12	2	ownership	ownership	NOUN
gujaf-15	12	3	should	should	AUX
gujaf-15	12	4	be	be	AUX
gujaf-15	12	5	monitored	monitor	VERB
gujaf-15	12	6	and	and	CCONJ
gujaf-15	12	7	reduced	reduce	VERB
gujaf-15	12	8	by	by	ADP
gujaf-15	12	9	the	the	DET
gujaf-15	12	10	securities	securities	PROPN
gujaf-15	12	11	and	and	CCONJ
gujaf-15	12	12	exchange	exchange	PROPN
gujaf-15	12	13	commission	commission	PROPN
gujaf-15	12	14	;	;	PUNCT
gujaf-15	12	15	this	this	PRON
gujaf-15	12	16	will	will	AUX
gujaf-15	12	17	prevent	prevent	VERB
gujaf-15	12	18	insiders	insider	NOUN
gujaf-15	12	19	from	from	ADP
gujaf-15	12	20	owning	own	VERB
gujaf-15	12	21	a	a	DET
gujaf-15	12	22	substantial	substantial	ADJ
gujaf-15	12	23	amount	amount	NOUN
gujaf-15	12	24	of	of	ADP
gujaf-15	12	25	equity	equity	NOUN
gujaf-15	12	26	which	which	PRON
gujaf-15	12	27	give	give	VERB
gujaf-15	12	28	them	they	PRON
gujaf-15	12	29	the	the	DET
gujaf-15	12	30	freedom	freedom	NOUN
gujaf-15	12	31	to	to	PART
gujaf-15	12	32	act	act	VERB
gujaf-15	12	33	in	in	ADP
gujaf-15	12	34	their	their	PRON
gujaf-15	12	35	best	good	ADJ
gujaf-15	12	36	interests	interest	NOUN
gujaf-15	12	37	at	at	ADP
gujaf-15	12	38	the	the	DET
gujaf-15	12	39	detriment	detriment	NOUN
gujaf-15	12	40	of	of	ADP
gujaf-15	12	41	other	other	ADJ
gujaf-15	12	42	shareholders	shareholder	NOUN
gujaf-15	12	43	.	.	PUNCT
gujaf-15	13	1	the	the	DET
gujaf-15	13	2	study	study	NOUN
gujaf-15	13	3	further	far	ADV
gujaf-15	13	4	recommends	recommend	VERB
gujaf-15	13	5	managers	manager	NOUN
gujaf-15	13	6	of	of	ADP
gujaf-15	13	7	listed	list	VERB
gujaf-15	13	8	deposit	deposit	NOUN
gujaf-15	13	9	money	money	NOUN
gujaf-15	13	10	banks	bank	NOUN
gujaf-15	13	11	should	should	AUX
gujaf-15	13	12	ensure	ensure	VERB
gujaf-15	13	13	that	that	SCONJ
gujaf-15	13	14	their	their	PRON
gujaf-15	13	15	firms	firm	NOUN
gujaf-15	13	16	desist	desist	VERB
gujaf-15	13	17	from	from	ADP
gujaf-15	13	18	higher	high	ADJ
gujaf-15	13	19	levels	level	NOUN
gujaf-15	13	20	of	of	ADP
gujaf-15	13	21	block	block	NOUN
gujaf-15	13	22	holder	holder	NOUN
gujaf-15	13	23	ownerships	ownership	NOUN
gujaf-15	13	24	in	in	ADP
gujaf-15	13	25	order	order	NOUN
gujaf-15	13	26	to	to	PART
gujaf-15	13	27	reduce	reduce	VERB
gujaf-15	13	28	ownership	ownership	NOUN
gujaf-15	13	29	concentration	concentration	NOUN
gujaf-15	13	30	.	.	PUNCT
gujaf-15	14	1	keywords	keyword	NOUN
gujaf-15	14	2	:	:	PUNCT
gujaf-15	14	3	corporate	corporate	ADJ
gujaf-15	14	4	ownership	ownership	NOUN
gujaf-15	14	5	,	,	PUNCT
gujaf-15	14	6	investors	investor	NOUN
gujaf-15	14	7	’	'	PUNCT
gujaf-15	14	8	confidence	confidence	NOUN
gujaf-15	14	9	,	,	PUNCT
gujaf-15	14	10	listed	list	VERB
gujaf-15	14	11	deposit	deposit	NOUN
gujaf-15	14	12	money	money	NOUN
gujaf-15	14	13	banks	bank	NOUN
gujaf-15	14	14	.	.	PUNCT
gujaf-15	15	1	1	1	X
gujaf-15	15	2	.	.	X
gujaf-15	15	3	introduction	introduction	NOUN
gujaf-15	15	4	the	the	DET
gujaf-15	15	5	formation	formation	NOUN
gujaf-15	15	6	of	of	ADP
gujaf-15	15	7	joint	joint	ADJ
gujaf-15	15	8	stock	stock	NOUN
gujaf-15	15	9	companies	company	NOUN
gujaf-15	15	10	coupled	couple	VERB
gujaf-15	15	11	with	with	ADP
gujaf-15	15	12	industrial	industrial	ADJ
gujaf-15	15	13	revolution	revolution	NOUN
gujaf-15	15	14	has	have	AUX
gujaf-15	15	15	brought	bring	VERB
gujaf-15	15	16	about	about	ADP
gujaf-15	15	17	different	different	ADJ
gujaf-15	15	18	issues	issue	NOUN
gujaf-15	15	19	of	of	ADP
gujaf-15	15	20	trust	trust	NOUN
gujaf-15	15	21	and	and	CCONJ
gujaf-15	15	22	accountability	accountability	NOUN
gujaf-15	15	23	in	in	ADP
gujaf-15	15	24	the	the	DET
gujaf-15	15	25	modern	modern	ADJ
gujaf-15	15	26	business	business	NOUN
gujaf-15	15	27	mailto:jafarmodibbo@icloud.com	mailto:jafarmodibbo@icloud.com	PROPN
gujaf-15	15	28	mailto:muazzamtj@gmail.com	mailto:muazzamtj@gmail.com	NOUN
gujaf-15	15	29	gujaf	gujaf	NOUN
gujaf-15	15	30	:	:	PUNCT
gujaf-15	15	31	gusau	gusau	PROPN
gujaf-15	15	32	journal	journal	NOUN
gujaf-15	15	33	of	of	ADP
gujaf-15	15	34	accounting	accounting	NOUN
gujaf-15	15	35	and	and	CCONJ
gujaf-15	15	36	finance	finance	NOUN
gujaf-15	15	37	,	,	PUNCT
gujaf-15	15	38	vol	vol	NOUN
gujaf-15	15	39	.	.	PUNCT
gujaf-15	16	1	i	i	PRON
gujaf-15	16	2	,	,	PUNCT
gujaf-15	16	3	issue	issue	NOUN
gujaf-15	16	4	1	1	NUM
gujaf-15	16	5	,	,	PUNCT
gujaf-15	16	6	april	april	PROPN
gujaf-15	16	7	,	,	PUNCT
gujaf-15	16	8	2020	2020	NUM
gujaf-15	16	9	issn	issn	VERB
gujaf-15	16	10	2756	2756	NUM
gujaf-15	16	11	-	-	PUNCT
gujaf-15	16	12	665x	665x	NOUN
gujaf-15	16	13	2	2	NUM
gujaf-15	16	14	environment	environment	NOUN
gujaf-15	16	15	as	as	SCONJ
gujaf-15	16	16	ownership	ownership	NOUN
gujaf-15	16	17	and	and	CCONJ
gujaf-15	16	18	control	control	NOUN
gujaf-15	16	19	of	of	ADP
gujaf-15	16	20	corporations	corporation	NOUN
gujaf-15	16	21	are	be	AUX
gujaf-15	16	22	separated	separate	VERB
gujaf-15	16	23	.	.	PUNCT
gujaf-15	17	1	in	in	ADP
gujaf-15	17	2	the	the	DET
gujaf-15	17	3	modern	modern	ADJ
gujaf-15	17	4	corporations	corporation	NOUN
gujaf-15	17	5	,	,	PUNCT
gujaf-15	17	6	monetary	monetary	ADJ
gujaf-15	17	7	resources	resource	NOUN
gujaf-15	17	8	pooled	pool	VERB
gujaf-15	17	9	by	by	ADP
gujaf-15	17	10	investors	investor	NOUN
gujaf-15	17	11	are	be	AUX
gujaf-15	17	12	managed	manage	VERB
gujaf-15	17	13	by	by	ADP
gujaf-15	17	14	a	a	DET
gujaf-15	17	15	decision	decision	NOUN
gujaf-15	17	16	making	make	VERB
gujaf-15	17	17	body	body	NOUN
gujaf-15	17	18	referred	refer	VERB
gujaf-15	17	19	to	to	ADP
gujaf-15	17	20	as	as	ADP
gujaf-15	17	21	board	board	NOUN
gujaf-15	17	22	of	of	ADP
gujaf-15	17	23	directors	director	NOUN
gujaf-15	17	24	or	or	CCONJ
gujaf-15	17	25	as	as	ADP
gujaf-15	17	26	management	management	NOUN
gujaf-15	17	27	committees	committee	NOUN
gujaf-15	17	28	.	.	PUNCT
gujaf-15	18	1	the	the	DET
gujaf-15	18	2	management	management	NOUN
gujaf-15	18	3	is	be	AUX
gujaf-15	18	4	expected	expect	VERB
gujaf-15	18	5	to	to	PART
gujaf-15	18	6	act	act	VERB
gujaf-15	18	7	in	in	ADP
gujaf-15	18	8	a	a	DET
gujaf-15	18	9	fiduciary	fiduciary	ADJ
gujaf-15	18	10	capacity	capacity	NOUN
gujaf-15	18	11	,	,	PUNCT
gujaf-15	18	12	handle	handle	NOUN
gujaf-15	18	13	,	,	PUNCT
gujaf-15	18	14	direct	direct	ADJ
gujaf-15	18	15	,	,	PUNCT
gujaf-15	18	16	oversee	oversee	VERB
gujaf-15	18	17	and	and	CCONJ
gujaf-15	18	18	supervise	supervise	VERB
gujaf-15	18	19	the	the	DET
gujaf-15	18	20	judicial	judicial	ADJ
gujaf-15	18	21	usage	usage	NOUN
gujaf-15	18	22	of	of	ADP
gujaf-15	18	23	the	the	DET
gujaf-15	18	24	joint	joint	ADJ
gujaf-15	18	25	resources	resource	NOUN
gujaf-15	18	26	of	of	ADP
gujaf-15	18	27	the	the	DET
gujaf-15	18	28	investors	investor	NOUN
gujaf-15	18	29	to	to	PART
gujaf-15	18	30	ensure	ensure	VERB
gujaf-15	18	31	quality	quality	NOUN
gujaf-15	18	32	decision	decision	NOUN
gujaf-15	18	33	making	making	NOUN
gujaf-15	18	34	which	which	PRON
gujaf-15	18	35	will	will	AUX
gujaf-15	18	36	enable	enable	VERB
gujaf-15	18	37	maximum	maximum	ADJ
gujaf-15	18	38	shareholder	shareholder	NOUN
gujaf-15	18	39	wealth	wealth	NOUN
gujaf-15	18	40	creation	creation	NOUN
gujaf-15	18	41	.	.	PUNCT
gujaf-15	19	1	one	one	NUM
gujaf-15	19	2	of	of	ADP
gujaf-15	19	3	the	the	DET
gujaf-15	19	4	critical	critical	ADJ
gujaf-15	19	5	drivers	driver	NOUN
gujaf-15	19	6	of	of	ADP
gujaf-15	19	7	every	every	DET
gujaf-15	19	8	economy	economy	NOUN
gujaf-15	19	9	,	,	PUNCT
gujaf-15	19	10	its	its	PRON
gujaf-15	19	11	financial	financial	ADJ
gujaf-15	19	12	markets	market	NOUN
gujaf-15	19	13	and	and	CCONJ
gujaf-15	19	14	business	business	NOUN
gujaf-15	19	15	cycle	cycle	NOUN
gujaf-15	19	16	is	be	AUX
gujaf-15	19	17	the	the	DET
gujaf-15	19	18	confidence	confidence	NOUN
gujaf-15	19	19	investors	investor	NOUN
gujaf-15	19	20	have	have	VERB
gujaf-15	19	21	in	in	ADP
gujaf-15	19	22	the	the	DET
gujaf-15	19	23	economy	economy	NOUN
gujaf-15	19	24	and	and	CCONJ
gujaf-15	19	25	the	the	DET
gujaf-15	19	26	capital	capital	NOUN
gujaf-15	19	27	markets	market	NOUN
gujaf-15	19	28	.	.	PUNCT
gujaf-15	20	1	investors	investor	NOUN
gujaf-15	20	2	are	be	AUX
gujaf-15	20	3	confident	confident	ADJ
gujaf-15	20	4	when	when	SCONJ
gujaf-15	20	5	the	the	DET
gujaf-15	20	6	news	news	NOUN
gujaf-15	20	7	about	about	ADP
gujaf-15	20	8	the	the	DET
gujaf-15	20	9	future	future	NOUN
gujaf-15	20	10	is	be	AUX
gujaf-15	20	11	appealing	appeal	VERB
gujaf-15	20	12	and	and	CCONJ
gujaf-15	20	13	the	the	DET
gujaf-15	20	14	share	share	NOUN
gujaf-15	20	15	prices	price	NOUN
gujaf-15	20	16	in	in	ADP
gujaf-15	20	17	the	the	DET
gujaf-15	20	18	stock	stock	NOUN
gujaf-15	20	19	market	market	NOUN
gujaf-15	20	20	are	be	AUX
gujaf-15	20	21	rising	rise	VERB
gujaf-15	20	22	.	.	PUNCT
gujaf-15	21	1	when	when	SCONJ
gujaf-15	21	2	investors	investor	NOUN
gujaf-15	21	3	’	'	PUNCT
gujaf-15	21	4	confidence	confidence	NOUN
gujaf-15	21	5	in	in	ADP
gujaf-15	21	6	an	an	DET
gujaf-15	21	7	economy	economy	NOUN
gujaf-15	21	8	increases	increase	NOUN
gujaf-15	21	9	,	,	PUNCT
gujaf-15	21	10	investors	investor	NOUN
gujaf-15	21	11	will	will	AUX
gujaf-15	21	12	want	want	VERB
gujaf-15	21	13	to	to	PART
gujaf-15	21	14	buy	buy	VERB
gujaf-15	21	15	more	more	ADJ
gujaf-15	21	16	consumer	consumer	NOUN
gujaf-15	21	17	goods	good	NOUN
gujaf-15	21	18	as	as	ADV
gujaf-15	21	19	well	well	ADV
gujaf-15	21	20	as	as	ADP
gujaf-15	21	21	invest	invest	VERB
gujaf-15	21	22	in	in	ADP
gujaf-15	21	23	stocks	stock	NOUN
gujaf-15	21	24	and	and	CCONJ
gujaf-15	21	25	shares	share	NOUN
gujaf-15	21	26	.	.	PUNCT
gujaf-15	22	1	on	on	ADP
gujaf-15	22	2	the	the	DET
gujaf-15	22	3	other	other	ADJ
gujaf-15	22	4	hand	hand	NOUN
gujaf-15	22	5	,	,	PUNCT
gujaf-15	22	6	when	when	SCONJ
gujaf-15	22	7	investors	investor	NOUN
gujaf-15	22	8	’	’	PART
gujaf-15	22	9	confidence	confidence	NOUN
gujaf-15	22	10	decreases	decrease	VERB
gujaf-15	22	11	,	,	PUNCT
gujaf-15	22	12	consumer	consumer	NOUN
gujaf-15	22	13	spending	spending	NOUN
gujaf-15	22	14	and	and	CCONJ
gujaf-15	22	15	investment	investment	NOUN
gujaf-15	22	16	tend	tend	VERB
gujaf-15	22	17	to	to	PART
gujaf-15	22	18	fall	fall	VERB
gujaf-15	22	19	.	.	PUNCT
gujaf-15	23	1	therefore	therefore	ADV
gujaf-15	23	2	,	,	PUNCT
gujaf-15	23	3	investor	investor	NOUN
gujaf-15	23	4	’s	’s	PART
gujaf-15	23	5	confidence	confidence	NOUN
gujaf-15	23	6	is	be	AUX
gujaf-15	23	7	a	a	DET
gujaf-15	23	8	reflection	reflection	NOUN
gujaf-15	23	9	of	of	ADP
gujaf-15	23	10	good	good	ADJ
gujaf-15	23	11	firm	firm	ADJ
gujaf-15	23	12	performance	performance	NOUN
gujaf-15	23	13	and	and	CCONJ
gujaf-15	23	14	stock	stock	NOUN
gujaf-15	23	15	market	market	NOUN
gujaf-15	23	16	price	price	NOUN
gujaf-15	23	17	appreciation	appreciation	NOUN
gujaf-15	23	18	,	,	PUNCT
gujaf-15	23	19	which	which	PRON
gujaf-15	23	20	are	be	AUX
gujaf-15	23	21	summed	sum	VERB
gujaf-15	23	22	up	up	ADP
gujaf-15	23	23	to	to	ADP
gujaf-15	23	24	shareholder	shareholder	NOUN
gujaf-15	23	25	wealth	wealth	NOUN
gujaf-15	23	26	maximization	maximization	NOUN
gujaf-15	23	27	.	.	PUNCT
gujaf-15	24	1	according	accord	VERB
gujaf-15	24	2	to	to	ADP
gujaf-15	24	3	kumar	kumar	PROPN
gujaf-15	24	4	and	and	CCONJ
gujaf-15	24	5	zattoni	zattoni	PROPN
gujaf-15	24	6	(	(	PUNCT
gujaf-15	24	7	2014	2014	NUM
gujaf-15	24	8	)	)	PUNCT
gujaf-15	24	9	,	,	PUNCT
gujaf-15	24	10	upholding	uphold	VERB
gujaf-15	24	11	this	this	DET
gujaf-15	24	12	confidence	confidence	NOUN
gujaf-15	24	13	is	be	AUX
gujaf-15	24	14	important	important	ADJ
gujaf-15	24	15	for	for	ADP
gujaf-15	24	16	public	public	ADJ
gujaf-15	24	17	firms	firm	NOUN
gujaf-15	24	18	because	because	SCONJ
gujaf-15	24	19	their	their	PRON
gujaf-15	24	20	growth	growth	NOUN
gujaf-15	24	21	and	and	CCONJ
gujaf-15	24	22	survival	survival	NOUN
gujaf-15	24	23	depend	depend	VERB
gujaf-15	24	24	on	on	ADP
gujaf-15	24	25	the	the	DET
gujaf-15	24	26	resources	resource	NOUN
gujaf-15	24	27	and	and	CCONJ
gujaf-15	24	28	funds	fund	NOUN
gujaf-15	24	29	provided	provide	VERB
gujaf-15	24	30	by	by	ADP
gujaf-15	24	31	outside	outside	ADJ
gujaf-15	24	32	investors	investor	NOUN
gujaf-15	24	33	.	.	PUNCT
gujaf-15	25	1	in	in	ADP
gujaf-15	25	2	view	view	NOUN
gujaf-15	25	3	of	of	ADP
gujaf-15	25	4	the	the	DET
gujaf-15	25	5	strength	strength	NOUN
gujaf-15	25	6	of	of	ADP
gujaf-15	25	7	investors	investor	NOUN
gujaf-15	25	8	’	’	PART
gujaf-15	25	9	confidence	confidence	NOUN
gujaf-15	25	10	,	,	PUNCT
gujaf-15	25	11	capital	capital	NOUN
gujaf-15	25	12	markets	market	NOUN
gujaf-15	25	13	researches	researches	AUX
gujaf-15	25	14	strongly	strongly	ADV
gujaf-15	25	15	maintain	maintain	VERB
gujaf-15	25	16	that	that	SCONJ
gujaf-15	25	17	lack	lack	NOUN
gujaf-15	25	18	of	of	ADP
gujaf-15	25	19	transparency	transparency	NOUN
gujaf-15	25	20	and	and	CCONJ
gujaf-15	25	21	accountability	accountability	NOUN
gujaf-15	25	22	as	as	ADV
gujaf-15	25	23	well	well	ADV
gujaf-15	25	24	as	as	ADP
gujaf-15	25	25	the	the	DET
gujaf-15	25	26	problem	problem	NOUN
gujaf-15	25	27	of	of	ADP
gujaf-15	25	28	information	information	NOUN
gujaf-15	25	29	asymmetry	asymmetry	NOUN
gujaf-15	25	30	is	be	AUX
gujaf-15	25	31	responsible	responsible	ADJ
gujaf-15	25	32	for	for	ADP
gujaf-15	25	33	the	the	DET
gujaf-15	25	34	apparent	apparent	ADJ
gujaf-15	25	35	loss	loss	NOUN
gujaf-15	25	36	of	of	ADP
gujaf-15	25	37	confidence	confidence	NOUN
gujaf-15	25	38	in	in	ADP
gujaf-15	25	39	stock	stock	NOUN
gujaf-15	25	40	values	value	NOUN
gujaf-15	25	41	(	(	PUNCT
gujaf-15	25	42	ann	ann	PROPN
gujaf-15	25	43	2006	2006	NUM
gujaf-15	25	44	)	)	PUNCT
gujaf-15	25	45	.	.	PUNCT
gujaf-15	26	1	investments	investment	NOUN
gujaf-15	26	2	are	be	AUX
gujaf-15	26	3	always	always	ADV
gujaf-15	26	4	risky	risky	ADJ
gujaf-15	26	5	and	and	CCONJ
gujaf-15	26	6	managers	manager	NOUN
gujaf-15	26	7	and	and	CCONJ
gujaf-15	26	8	inside	inside	ADJ
gujaf-15	26	9	owners	owner	NOUN
gujaf-15	26	10	apparently	apparently	ADV
gujaf-15	26	11	have	have	VERB
gujaf-15	26	12	a	a	DET
gujaf-15	26	13	well	well	ADV
gujaf-15	26	14	-	-	PUNCT
gujaf-15	26	15	versed	verse	VERB
gujaf-15	26	16	view	view	NOUN
gujaf-15	26	17	of	of	ADP
gujaf-15	26	18	which	which	PRON
gujaf-15	26	19	projects	project	NOUN
gujaf-15	26	20	are	be	AUX
gujaf-15	26	21	likely	likely	ADJ
gujaf-15	26	22	to	to	PART
gujaf-15	26	23	thrive	thrive	VERB
gujaf-15	26	24	or	or	CCONJ
gujaf-15	26	25	flop	flop	VERB
gujaf-15	26	26	,	,	PUNCT
gujaf-15	26	27	while	while	SCONJ
gujaf-15	26	28	outside	outside	ADJ
gujaf-15	26	29	investors	investor	NOUN
gujaf-15	26	30	have	have	VERB
gujaf-15	26	31	no	no	DET
gujaf-15	26	32	access	access	NOUN
gujaf-15	26	33	to	to	ADP
gujaf-15	26	34	such	such	ADJ
gujaf-15	26	35	information	information	NOUN
gujaf-15	26	36	and	and	CCONJ
gujaf-15	26	37	therefore	therefore	ADV
gujaf-15	26	38	can	can	AUX
gujaf-15	26	39	not	not	PART
gujaf-15	26	40	differentiate	differentiate	VERB
gujaf-15	26	41	between	between	ADP
gujaf-15	26	42	good	good	ADJ
gujaf-15	26	43	and	and	CCONJ
gujaf-15	26	44	bad	bad	ADJ
gujaf-15	26	45	investments	investment	NOUN
gujaf-15	26	46	.	.	PUNCT
gujaf-15	27	1	one	one	NUM
gujaf-15	27	2	of	of	ADP
gujaf-15	27	3	the	the	DET
gujaf-15	27	4	prerequisites	prerequisite	NOUN
gujaf-15	27	5	for	for	ADP
gujaf-15	27	6	a	a	DET
gujaf-15	27	7	strong	strong	ADJ
gujaf-15	27	8	capital	capital	NOUN
gujaf-15	27	9	market	market	NOUN
gujaf-15	27	10	according	accord	VERB
gujaf-15	27	11	to	to	ADP
gujaf-15	27	12	black	black	ADJ
gujaf-15	27	13	(	(	PUNCT
gujaf-15	27	14	2001	2001	NUM
gujaf-15	27	15	)	)	PUNCT
gujaf-15	27	16	is	be	AUX
gujaf-15	27	17	ensuring	ensure	VERB
gujaf-15	27	18	that	that	SCONJ
gujaf-15	27	19	minority	minority	NOUN
gujaf-15	27	20	shareholders	shareholder	NOUN
gujaf-15	27	21	have	have	VERB
gujaf-15	27	22	access	access	NOUN
gujaf-15	27	23	to	to	ADP
gujaf-15	27	24	‘	'	PUNCT
gujaf-15	27	25	reliable	reliable	ADJ
gujaf-15	27	26	’	'	PUNCT
gujaf-15	27	27	information	information	NOUN
gujaf-15	27	28	about	about	ADP
gujaf-15	27	29	the	the	DET
gujaf-15	27	30	value	value	NOUN
gujaf-15	27	31	of	of	ADP
gujaf-15	27	32	a	a	DET
gujaf-15	27	33	company	company	NOUN
gujaf-15	27	34	’s	’s	PART
gujaf-15	27	35	business	business	NOUN
gujaf-15	27	36	and	and	CCONJ
gujaf-15	27	37	also	also	ADV
gujaf-15	27	38	have	have	VERB
gujaf-15	27	39	confidence	confidence	NOUN
gujaf-15	27	40	that	that	SCONJ
gujaf-15	27	41	insiders	insider	NOUN
gujaf-15	27	42	will	will	AUX
gujaf-15	27	43	not	not	PART
gujaf-15	27	44	appropriate	appropriate	VERB
gujaf-15	27	45	most	most	ADV
gujaf-15	27	46	or	or	CCONJ
gujaf-15	27	47	all	all	PRON
gujaf-15	27	48	of	of	ADP
gujaf-15	27	49	the	the	DET
gujaf-15	27	50	value	value	NOUN
gujaf-15	27	51	of	of	ADP
gujaf-15	27	52	their	their	PRON
gujaf-15	27	53	investment	investment	NOUN
gujaf-15	27	54	.	.	PUNCT
gujaf-15	28	1	hence	hence	ADV
gujaf-15	28	2	,	,	PUNCT
gujaf-15	28	3	shleifer	shleifer	NOUN
gujaf-15	28	4	and	and	CCONJ
gujaf-15	28	5	vishny	vishny	PROPN
gujaf-15	28	6	,	,	PUNCT
gujaf-15	28	7	(	(	PUNCT
gujaf-15	28	8	1997	1997	NUM
gujaf-15	28	9	)	)	PUNCT
gujaf-15	28	10	and	and	CCONJ
gujaf-15	28	11	claessens	claessen	NOUN
gujaf-15	28	12	,	,	PUNCT
gujaf-15	28	13	(	(	PUNCT
gujaf-15	28	14	2002	2002	NUM
gujaf-15	28	15	)	)	PUNCT
gujaf-15	28	16	opined	opine	VERB
gujaf-15	28	17	that	that	SCONJ
gujaf-15	28	18	corporate	corporate	ADJ
gujaf-15	28	19	governance	governance	NOUN
gujaf-15	28	20	has	have	VERB
gujaf-15	28	21	a	a	DET
gujaf-15	28	22	significant	significant	ADJ
gujaf-15	28	23	influence	influence	NOUN
gujaf-15	28	24	on	on	ADP
gujaf-15	28	25	investors	investor	NOUN
gujaf-15	28	26	’	'	PUNCT
gujaf-15	28	27	confidence	confidence	NOUN
gujaf-15	28	28	by	by	ADP
gujaf-15	28	29	making	make	VERB
gujaf-15	28	30	it	it	PRON
gujaf-15	28	31	difficult	difficult	ADJ
gujaf-15	28	32	for	for	ADP
gujaf-15	28	33	self	self	NOUN
gujaf-15	28	34	-	-	PUNCT
gujaf-15	28	35	interested	interested	ADJ
gujaf-15	28	36	managers	manager	NOUN
gujaf-15	28	37	and	and	CCONJ
gujaf-15	28	38	controlling	control	VERB
gujaf-15	28	39	shareholders	shareholder	NOUN
gujaf-15	28	40	to	to	PART
gujaf-15	28	41	divert	divert	VERB
gujaf-15	28	42	the	the	DET
gujaf-15	28	43	firm	firm	NOUN
gujaf-15	28	44	’s	’s	PART
gujaf-15	28	45	resources	resource	NOUN
gujaf-15	28	46	to	to	ADP
gujaf-15	28	47	nonproductive	nonproductive	ADJ
gujaf-15	28	48	investments	investment	NOUN
gujaf-15	28	49	.	.	PUNCT
gujaf-15	29	1	while	while	SCONJ
gujaf-15	29	2	stressing	stress	VERB
gujaf-15	29	3	the	the	DET
gujaf-15	29	4	significance	significance	NOUN
gujaf-15	29	5	for	for	ADP
gujaf-15	29	6	studying	study	VERB
gujaf-15	29	7	investor	investor	NOUN
gujaf-15	29	8	confidence	confidence	NOUN
gujaf-15	29	9	,	,	PUNCT
gujaf-15	29	10	li	li	PROPN
gujaf-15	29	11	,	,	PUNCT
gujaf-15	29	12	lai	lai	PROPN
gujaf-15	29	13	and	and	CCONJ
gujaf-15	29	14	tang	tang	PROPN
gujaf-15	29	15	(	(	PUNCT
gujaf-15	29	16	2016	2016	NUM
gujaf-15	29	17	)	)	PUNCT
gujaf-15	29	18	pointed	point	VERB
gujaf-15	29	19	that	that	SCONJ
gujaf-15	29	20	investor	investor	NOUN
gujaf-15	29	21	confidence	confidence	NOUN
gujaf-15	29	22	is	be	AUX
gujaf-15	29	23	connected	connect	VERB
gujaf-15	29	24	with	with	ADP
gujaf-15	29	25	the	the	DET
gujaf-15	29	26	steady	steady	ADJ
gujaf-15	29	27	and	and	CCONJ
gujaf-15	29	28	strong	strong	ADJ
gujaf-15	29	29	development	development	NOUN
gujaf-15	29	30	of	of	ADP
gujaf-15	29	31	capital	capital	NOUN
gujaf-15	29	32	markets	market	NOUN
gujaf-15	29	33	,	,	PUNCT
gujaf-15	29	34	the	the	DET
gujaf-15	29	35	researchers	researcher	NOUN
gujaf-15	29	36	further	far	ADV
gujaf-15	29	37	stressed	stress	VERB
gujaf-15	29	38	that	that	SCONJ
gujaf-15	29	39	the	the	DET
gujaf-15	29	40	formation	formation	NOUN
gujaf-15	29	41	mechanism	mechanism	NOUN
gujaf-15	29	42	of	of	ADP
gujaf-15	29	43	investor	investor	NOUN
gujaf-15	29	44	confidence	confidence	NOUN
gujaf-15	29	45	is	be	AUX
gujaf-15	29	46	relatively	relatively	ADV
gujaf-15	29	47	complex	complex	ADJ
gujaf-15	29	48	.	.	PUNCT
gujaf-15	30	1	the	the	DET
gujaf-15	30	2	seminal	seminal	ADJ
gujaf-15	30	3	work	work	NOUN
gujaf-15	30	4	of	of	ADP
gujaf-15	30	5	shleifer	shleifer	NOUN
gujaf-15	30	6	and	and	CCONJ
gujaf-15	30	7	vishny	vishny	PROPN
gujaf-15	30	8	(	(	PUNCT
gujaf-15	30	9	1997	1997	NUM
gujaf-15	30	10	)	)	PUNCT
gujaf-15	30	11	concluded	conclude	VERB
gujaf-15	30	12	that	that	SCONJ
gujaf-15	30	13	corporate	corporate	ADJ
gujaf-15	30	14	gujaf	gujaf	NOUN
gujaf-15	30	15	:	:	PUNCT
gujaf-15	30	16	gusau	gusau	PROPN
gujaf-15	30	17	journal	journal	NOUN
gujaf-15	30	18	of	of	ADP
gujaf-15	30	19	accounting	accounting	NOUN
gujaf-15	30	20	and	and	CCONJ
gujaf-15	30	21	finance	finance	NOUN
gujaf-15	30	22	,	,	PUNCT
gujaf-15	30	23	vol	vol	NOUN
gujaf-15	30	24	.	.	PUNCT
gujaf-15	31	1	i	i	PRON
gujaf-15	31	2	,	,	PUNCT
gujaf-15	31	3	issue	issue	NOUN
gujaf-15	31	4	1	1	NUM
gujaf-15	31	5	,	,	PUNCT
gujaf-15	31	6	april	april	PROPN
gujaf-15	31	7	,	,	PUNCT
gujaf-15	31	8	2020	2020	NUM
gujaf-15	31	9	issn	issn	VERB
gujaf-15	31	10	2756	2756	NUM
gujaf-15	31	11	-	-	PUNCT
gujaf-15	31	12	665x	665x	NOUN
gujaf-15	31	13	3	3	NUM
gujaf-15	31	14	governance	governance	NOUN
gujaf-15	31	15	relates	relate	VERB
gujaf-15	31	16	to	to	ADP
gujaf-15	31	17	the	the	DET
gujaf-15	31	18	ways	way	NOUN
gujaf-15	31	19	in	in	ADP
gujaf-15	31	20	which	which	PRON
gujaf-15	31	21	the	the	DET
gujaf-15	31	22	shareholders	shareholder	NOUN
gujaf-15	31	23	of	of	ADP
gujaf-15	31	24	corporations	corporation	NOUN
gujaf-15	31	25	guarantee	guarantee	VERB
gujaf-15	31	26	themselves	themselves	PRON
gujaf-15	31	27	being	be	AUX
gujaf-15	31	28	paid	pay	VERB
gujaf-15	31	29	a	a	DET
gujaf-15	31	30	return	return	NOUN
gujaf-15	31	31	on	on	ADP
gujaf-15	31	32	their	their	PRON
gujaf-15	31	33	investment	investment	NOUN
gujaf-15	31	34	.	.	PUNCT
gujaf-15	32	1	while	while	SCONJ
gujaf-15	32	2	in	in	ADP
gujaf-15	32	3	the	the	DET
gujaf-15	32	4	same	same	ADJ
gujaf-15	32	5	vein	vein	ADJ
gujaf-15	32	6	hansmann	hansmann	NOUN
gujaf-15	32	7	(	(	PUNCT
gujaf-15	32	8	2000	2000	NUM
gujaf-15	32	9	)	)	PUNCT
gujaf-15	32	10	added	add	VERB
gujaf-15	32	11	that	that	SCONJ
gujaf-15	32	12	ownership	ownership	NOUN
gujaf-15	32	13	structure	structure	NOUN
gujaf-15	32	14	is	be	AUX
gujaf-15	32	15	the	the	DET
gujaf-15	32	16	hard	hard	ADJ
gujaf-15	32	17	core	core	NOUN
gujaf-15	32	18	of	of	ADP
gujaf-15	32	19	corporate	corporate	ADJ
gujaf-15	32	20	governance	governance	NOUN
gujaf-15	32	21	in	in	ADP
gujaf-15	32	22	which	which	PRON
gujaf-15	32	23	a	a	DET
gujaf-15	32	24	firm	firm	NOUN
gujaf-15	32	25	’s	’s	PART
gujaf-15	32	26	“	"	PUNCT
gujaf-15	32	27	owners	owner	NOUN
gujaf-15	32	28	,	,	PUNCT
gujaf-15	32	29	”	"	PUNCT
gujaf-15	32	30	is	be	AUX
gujaf-15	32	31	those	those	DET
gujaf-15	32	32	persons	person	NOUN
gujaf-15	32	33	who	who	PRON
gujaf-15	32	34	share	share	VERB
gujaf-15	32	35	two	two	NUM
gujaf-15	32	36	prescribed	prescribed	ADJ
gujaf-15	32	37	rights	right	NOUN
gujaf-15	32	38	:	:	PUNCT
gujaf-15	32	39	the	the	DET
gujaf-15	32	40	right	right	NOUN
gujaf-15	32	41	has	have	VERB
gujaf-15	32	42	control	control	NOUN
gujaf-15	32	43	over	over	ADP
gujaf-15	32	44	the	the	DET
gujaf-15	32	45	firm	firm	NOUN
gujaf-15	32	46	and	and	CCONJ
gujaf-15	32	47	the	the	DET
gujaf-15	32	48	right	right	NOUN
gujaf-15	32	49	to	to	PART
gujaf-15	32	50	have	have	AUX
gujaf-15	32	51	a	a	DET
gujaf-15	32	52	share	share	NOUN
gujaf-15	32	53	in	in	ADP
gujaf-15	32	54	the	the	DET
gujaf-15	32	55	firm	firm	NOUN
gujaf-15	32	56	’s	’s	PART
gujaf-15	32	57	profits	profit	NOUN
gujaf-15	32	58	.	.	PUNCT
gujaf-15	33	1	the	the	DET
gujaf-15	33	2	ownership	ownership	NOUN
gujaf-15	33	3	structure	structure	NOUN
gujaf-15	33	4	is	be	AUX
gujaf-15	33	5	defined	define	VERB
gujaf-15	33	6	by	by	ADP
gujaf-15	33	7	the	the	DET
gujaf-15	33	8	distribution	distribution	NOUN
gujaf-15	33	9	of	of	ADP
gujaf-15	33	10	equity	equity	NOUN
gujaf-15	33	11	with	with	ADP
gujaf-15	33	12	regard	regard	NOUN
gujaf-15	33	13	to	to	ADP
gujaf-15	33	14	votes	vote	NOUN
gujaf-15	33	15	and	and	CCONJ
gujaf-15	33	16	capital	capital	NOUN
gujaf-15	33	17	as	as	ADV
gujaf-15	33	18	well	well	ADV
gujaf-15	33	19	as	as	ADP
gujaf-15	33	20	the	the	DET
gujaf-15	33	21	identity	identity	NOUN
gujaf-15	33	22	of	of	ADP
gujaf-15	33	23	the	the	DET
gujaf-15	33	24	equity	equity	NOUN
gujaf-15	33	25	owners	owner	NOUN
gujaf-15	33	26	(	(	PUNCT
gujaf-15	33	27	raji	raji	PROPN
gujaf-15	33	28	2012	2012	NUM
gujaf-15	33	29	)	)	PUNCT
gujaf-15	33	30	.	.	PUNCT
gujaf-15	34	1	furthermore	furthermore	ADV
gujaf-15	34	2	,	,	PUNCT
gujaf-15	34	3	lins	lin	NOUN
gujaf-15	34	4	(	(	PUNCT
gujaf-15	34	5	2020	2020	NUM
gujaf-15	34	6	)	)	PUNCT
gujaf-15	34	7	argued	argue	VERB
gujaf-15	34	8	that	that	SCONJ
gujaf-15	34	9	corporate	corporate	ADJ
gujaf-15	34	10	governance	governance	NOUN
gujaf-15	34	11	could	could	AUX
gujaf-15	34	12	assist	assist	VERB
gujaf-15	34	13	in	in	ADP
gujaf-15	34	14	aligning	align	VERB
gujaf-15	34	15	the	the	DET
gujaf-15	34	16	interest	interest	NOUN
gujaf-15	34	17	of	of	ADP
gujaf-15	34	18	shareholders	shareholder	NOUN
gujaf-15	34	19	,	,	PUNCT
gujaf-15	34	20	managers	manager	NOUN
gujaf-15	34	21	and	and	CCONJ
gujaf-15	34	22	other	other	ADJ
gujaf-15	34	23	stakeholders	stakeholder	NOUN
gujaf-15	34	24	via	via	ADP
gujaf-15	34	25	a	a	DET
gujaf-15	34	26	constitutive	constitutive	ADJ
gujaf-15	34	27	ethical	ethical	ADJ
gujaf-15	34	28	basis	basis	NOUN
gujaf-15	34	29	which	which	PRON
gujaf-15	34	30	will	will	AUX
gujaf-15	34	31	enable	enable	VERB
gujaf-15	34	32	organizations	organization	NOUN
gujaf-15	34	33	achieve	achieve	VERB
gujaf-15	34	34	their	their	PRON
gujaf-15	34	35	long	long	ADJ
gujaf-15	34	36	term	term	NOUN
gujaf-15	34	37	strategic	strategic	ADJ
gujaf-15	34	38	objectives	objective	NOUN
gujaf-15	34	39	as	as	ADV
gujaf-15	34	40	well	well	ADV
gujaf-15	34	41	as	as	ADP
gujaf-15	34	42	build	build	VERB
gujaf-15	34	43	a	a	DET
gujaf-15	34	44	strong	strong	ADJ
gujaf-15	34	45	shareholder	shareholder	NOUN
gujaf-15	34	46	value	value	NOUN
gujaf-15	34	47	and	and	CCONJ
gujaf-15	34	48	lay	lie	VERB
gujaf-15	34	49	foundation	foundation	NOUN
gujaf-15	34	50	for	for	ADP
gujaf-15	34	51	a	a	DET
gujaf-15	34	52	commanding	command	VERB
gujaf-15	34	53	market	market	NOUN
gujaf-15	34	54	share	share	NOUN
gujaf-15	34	55	.	.	PUNCT
gujaf-15	35	1	based	base	VERB
gujaf-15	35	2	on	on	ADP
gujaf-15	35	3	the	the	DET
gujaf-15	35	4	preceding	precede	VERB
gujaf-15	35	5	arguments	argument	NOUN
gujaf-15	35	6	,	,	PUNCT
gujaf-15	35	7	good	good	ADJ
gujaf-15	35	8	corporate	corporate	ADJ
gujaf-15	35	9	governance	governance	NOUN
gujaf-15	35	10	will	will	AUX
gujaf-15	35	11	lead	lead	VERB
gujaf-15	35	12	to	to	ADP
gujaf-15	35	13	a	a	DET
gujaf-15	35	14	better	well	ADJ
gujaf-15	35	15	financial	financial	ADJ
gujaf-15	35	16	performance	performance	NOUN
gujaf-15	35	17	and	and	CCONJ
gujaf-15	35	18	increase	increase	VERB
gujaf-15	35	19	in	in	ADP
gujaf-15	35	20	corporate	corporate	ADJ
gujaf-15	35	21	value	value	NOUN
gujaf-15	35	22	and	and	CCONJ
gujaf-15	35	23	hence	hence	ADV
gujaf-15	35	24	lead	lead	VERB
gujaf-15	35	25	to	to	ADP
gujaf-15	35	26	an	an	DET
gujaf-15	35	27	increase	increase	NOUN
gujaf-15	35	28	in	in	ADP
gujaf-15	35	29	investors	investor	NOUN
gujaf-15	35	30	’	'	PUNCT
gujaf-15	35	31	confidence	confidence	NOUN
gujaf-15	35	32	(	(	PUNCT
gujaf-15	35	33	newell	newell	PROPN
gujaf-15	35	34	&	&	CCONJ
gujaf-15	35	35	wilson	wilson	PROPN
gujaf-15	35	36	,	,	PUNCT
gujaf-15	35	37	2002	2002	NUM
gujaf-15	35	38	)	)	PUNCT
gujaf-15	35	39	.	.	PUNCT
gujaf-15	36	1	from	from	ADP
gujaf-15	36	2	these	these	DET
gujaf-15	36	3	theoretical	theoretical	ADJ
gujaf-15	36	4	postulates	postulate	NOUN
gujaf-15	36	5	on	on	ADP
gujaf-15	36	6	investor	investor	NOUN
gujaf-15	36	7	confidence	confidence	NOUN
gujaf-15	36	8	,	,	PUNCT
gujaf-15	36	9	existing	exist	VERB
gujaf-15	36	10	empirical	empirical	ADJ
gujaf-15	36	11	studies	study	NOUN
gujaf-15	36	12	have	have	AUX
gujaf-15	36	13	investigated	investigate	VERB
gujaf-15	36	14	different	different	ADJ
gujaf-15	36	15	aspects	aspect	NOUN
gujaf-15	36	16	of	of	ADP
gujaf-15	36	17	corporate	corporate	ADJ
gujaf-15	36	18	governance	governance	NOUN
gujaf-15	36	19	in	in	ADP
gujaf-15	36	20	relation	relation	NOUN
gujaf-15	36	21	to	to	ADP
gujaf-15	36	22	investor	investor	NOUN
gujaf-15	36	23	confidence	confidence	NOUN
gujaf-15	36	24	.	.	PUNCT
gujaf-15	37	1	for	for	ADP
gujaf-15	37	2	example	example	NOUN
gujaf-15	37	3	,	,	PUNCT
gujaf-15	37	4	li	li	PROPN
gujaf-15	37	5	,	,	PUNCT
gujaf-15	37	6	lai	lai	PROPN
gujaf-15	37	7	and	and	CCONJ
gujaf-15	37	8	tang	tang	PROPN
gujaf-15	37	9	(	(	PUNCT
gujaf-15	37	10	2016	2016	NUM
gujaf-15	37	11	)	)	PUNCT
gujaf-15	37	12	found	find	VERB
gujaf-15	37	13	that	that	SCONJ
gujaf-15	37	14	corporate	corporate	ADJ
gujaf-15	37	15	governance	governance	NOUN
gujaf-15	37	16	is	be	AUX
gujaf-15	37	17	positively	positively	ADV
gujaf-15	37	18	correlated	correlate	VERB
gujaf-15	37	19	with	with	ADP
gujaf-15	37	20	investors	investor	NOUN
gujaf-15	37	21	’	’	PART
gujaf-15	37	22	confidence	confidence	NOUN
gujaf-15	37	23	and	and	CCONJ
gujaf-15	37	24	the	the	DET
gujaf-15	37	25	corporate	corporate	ADJ
gujaf-15	37	26	governance	governance	NOUN
gujaf-15	37	27	level	level	NOUN
gujaf-15	37	28	of	of	ADP
gujaf-15	37	29	varying	vary	VERB
gujaf-15	37	30	industries	industry	NOUN
gujaf-15	37	31	has	have	VERB
gujaf-15	37	32	diverse	diverse	ADJ
gujaf-15	37	33	level	level	NOUN
gujaf-15	37	34	of	of	ADP
gujaf-15	37	35	impact	impact	NOUN
gujaf-15	37	36	on	on	ADP
gujaf-15	37	37	their	their	PRON
gujaf-15	37	38	investor	investor	NOUN
gujaf-15	37	39	’	'	PUNCT
gujaf-15	37	40	confidence	confidence	NOUN
gujaf-15	37	41	.	.	PUNCT
gujaf-15	38	1	additionally	additionally	ADV
gujaf-15	38	2	,	,	PUNCT
gujaf-15	38	3	there	there	PRON
gujaf-15	38	4	is	be	VERB
gujaf-15	38	5	lagged	lag	VERB
gujaf-15	38	6	effect	effect	NOUN
gujaf-15	38	7	in	in	ADP
gujaf-15	38	8	investors	investor	NOUN
gujaf-15	38	9	’	’	PART
gujaf-15	38	10	confidence	confidence	NOUN
gujaf-15	38	11	meaning	meaning	NOUN
gujaf-15	39	1	,	,	PUNCT
gujaf-15	39	2	investors	investor	NOUN
gujaf-15	39	3	’	'	PUNCT
gujaf-15	39	4	confidence	confidence	NOUN
gujaf-15	39	5	in	in	ADP
gujaf-15	39	6	the	the	DET
gujaf-15	39	7	previous	previous	ADJ
gujaf-15	39	8	year	year	NOUN
gujaf-15	39	9	has	have	VERB
gujaf-15	39	10	a	a	DET
gujaf-15	39	11	positive	positive	ADJ
gujaf-15	39	12	impact	impact	NOUN
gujaf-15	39	13	on	on	ADP
gujaf-15	39	14	the	the	DET
gujaf-15	39	15	current	current	ADJ
gujaf-15	39	16	year	year	NOUN
gujaf-15	39	17	investors	investor	NOUN
gujaf-15	39	18	’	'	PUNCT
gujaf-15	39	19	confidence	confidence	NOUN
gujaf-15	39	20	.	.	PUNCT
gujaf-15	40	1	this	this	DET
gujaf-15	40	2	study	study	NOUN
gujaf-15	40	3	is	be	AUX
gujaf-15	40	4	motivated	motivate	VERB
gujaf-15	40	5	by	by	ADP
gujaf-15	40	6	many	many	ADJ
gujaf-15	40	7	factors	factor	NOUN
gujaf-15	40	8	,	,	PUNCT
gujaf-15	40	9	one	one	NUM
gujaf-15	40	10	,	,	PUNCT
gujaf-15	40	11	the	the	DET
gujaf-15	40	12	study	study	NOUN
gujaf-15	40	13	is	be	AUX
gujaf-15	40	14	motivated	motivate	VERB
gujaf-15	40	15	by	by	ADP
gujaf-15	40	16	the	the	DET
gujaf-15	40	17	recent	recent	ADJ
gujaf-15	40	18	needs	need	NOUN
gujaf-15	40	19	by	by	ADP
gujaf-15	40	20	capital	capital	NOUN
gujaf-15	40	21	markets	market	NOUN
gujaf-15	40	22	to	to	PART
gujaf-15	40	23	enhance	enhance	VERB
gujaf-15	40	24	and	and	CCONJ
gujaf-15	40	25	improve	improve	VERB
gujaf-15	40	26	the	the	DET
gujaf-15	40	27	corporate	corporate	ADJ
gujaf-15	40	28	governance	governance	NOUN
gujaf-15	40	29	status	status	NOUN
gujaf-15	40	30	of	of	ADP
gujaf-15	40	31	listed	list	VERB
gujaf-15	40	32	companies	company	NOUN
gujaf-15	40	33	.	.	PUNCT
gujaf-15	41	1	hence	hence	ADV
gujaf-15	41	2	,	,	PUNCT
gujaf-15	41	3	this	this	DET
gujaf-15	41	4	study	study	NOUN
gujaf-15	41	5	focuses	focus	VERB
gujaf-15	41	6	on	on	ADP
gujaf-15	41	7	the	the	DET
gujaf-15	41	8	effect	effect	NOUN
gujaf-15	41	9	of	of	ADP
gujaf-15	41	10	corporate	corporate	ADJ
gujaf-15	41	11	ownership	ownership	NOUN
gujaf-15	41	12	structure	structure	NOUN
gujaf-15	41	13	on	on	ADP
gujaf-15	41	14	investor	investor	NOUN
gujaf-15	41	15	confidence	confidence	NOUN
gujaf-15	41	16	in	in	ADP
gujaf-15	41	17	the	the	DET
gujaf-15	41	18	deposit	deposit	NOUN
gujaf-15	41	19	money	money	NOUN
gujaf-15	41	20	banks	bank	NOUN
gujaf-15	41	21	in	in	ADP
gujaf-15	41	22	nigeria	nigeria	PROPN
gujaf-15	41	23	.	.	PUNCT
gujaf-15	42	1	the	the	DET
gujaf-15	42	2	study	study	NOUN
gujaf-15	42	3	is	be	AUX
gujaf-15	42	4	also	also	ADV
gujaf-15	42	5	motivated	motivate	VERB
gujaf-15	42	6	by	by	ADP
gujaf-15	42	7	the	the	DET
gujaf-15	42	8	recent	recent	ADJ
gujaf-15	42	9	crises	crisis	NOUN
gujaf-15	42	10	of	of	ADP
gujaf-15	42	11	failures	failure	NOUN
gujaf-15	42	12	and	and	CCONJ
gujaf-15	42	13	defaults	default	NOUN
gujaf-15	42	14	in	in	ADP
gujaf-15	42	15	the	the	DET
gujaf-15	42	16	nigerian	nigerian	ADJ
gujaf-15	42	17	banking	banking	NOUN
gujaf-15	42	18	industry	industry	NOUN
gujaf-15	42	19	,	,	PUNCT
gujaf-15	42	20	which	which	PRON
gujaf-15	42	21	eroded	erode	VERB
gujaf-15	42	22	the	the	DET
gujaf-15	42	23	confidence	confidence	NOUN
gujaf-15	42	24	of	of	ADP
gujaf-15	42	25	investors	investor	NOUN
gujaf-15	42	26	and	and	CCONJ
gujaf-15	42	27	the	the	DET
gujaf-15	42	28	general	general	ADJ
gujaf-15	42	29	public	public	NOUN
gujaf-15	42	30	.	.	PUNCT
gujaf-15	43	1	for	for	ADP
gujaf-15	43	2	instance	instance	NOUN
gujaf-15	43	3	,	,	PUNCT
gujaf-15	43	4	historical	historical	ADJ
gujaf-15	43	5	trend	trend	NOUN
gujaf-15	43	6	of	of	ADP
gujaf-15	43	7	nigerian	nigerian	ADJ
gujaf-15	43	8	banking	banking	NOUN
gujaf-15	43	9	sector	sector	NOUN
gujaf-15	43	10	revealed	reveal	VERB
gujaf-15	43	11	a	a	DET
gujaf-15	43	12	series	series	NOUN
gujaf-15	43	13	of	of	ADP
gujaf-15	43	14	credit	credit	NOUN
gujaf-15	43	15	and	and	CCONJ
gujaf-15	43	16	liquidity	liquidity	NOUN
gujaf-15	43	17	problem	problem	NOUN
gujaf-15	43	18	as	as	ADV
gujaf-15	43	19	well	well	ADV
gujaf-15	43	20	as	as	ADP
gujaf-15	43	21	failures	failure	NOUN
gujaf-15	43	22	of	of	ADP
gujaf-15	43	23	banks	bank	NOUN
gujaf-15	43	24	,	,	PUNCT
gujaf-15	43	25	which	which	PRON
gujaf-15	43	26	according	accord	VERB
gujaf-15	43	27	to	to	ADP
gujaf-15	43	28	emeka	emeka	PROPN
gujaf-15	43	29	(	(	PUNCT
gujaf-15	43	30	1997	1997	NUM
gujaf-15	43	31	)	)	PUNCT
gujaf-15	43	32	was	be	AUX
gujaf-15	43	33	first	first	ADV
gujaf-15	43	34	started	start	VERB
gujaf-15	43	35	in	in	ADP
gujaf-15	43	36	1930	1930	NUM
gujaf-15	43	37	.	.	PUNCT
gujaf-15	44	1	moreover	moreover	ADV
gujaf-15	44	2	,	,	PUNCT
gujaf-15	44	3	the	the	DET
gujaf-15	44	4	industry	industry	NOUN
gujaf-15	44	5	also	also	ADV
gujaf-15	44	6	witnessed	witness	VERB
gujaf-15	44	7	crises	crisis	NOUN
gujaf-15	44	8	in	in	ADP
gujaf-15	44	9	the	the	DET
gujaf-15	44	10	1990s	1990	NOUN
gujaf-15	44	11	and	and	CCONJ
gujaf-15	44	12	makes	make	VERB
gujaf-15	44	13	the	the	DET
gujaf-15	44	14	first	first	ADJ
gujaf-15	44	15	bail	bail	NOUN
gujaf-15	44	16	-	-	PUNCT
gujaf-15	44	17	out	out	NOUN
gujaf-15	44	18	of	of	ADP
gujaf-15	44	19	13	13	NUM
gujaf-15	44	20	banks	bank	NOUN
gujaf-15	44	21	necessary	necessary	ADJ
gujaf-15	44	22	by	by	ADP
gujaf-15	44	23	the	the	DET
gujaf-15	44	24	nigerian	nigerian	ADJ
gujaf-15	44	25	deposits	deposit	VERB
gujaf-15	44	26	insurance	insurance	NOUN
gujaf-15	44	27	corporation	corporation	NOUN
gujaf-15	44	28	(	(	PUNCT
gujaf-15	44	29	ndic	ndic	ADJ
gujaf-15	44	30	)	)	PUNCT
gujaf-15	44	31	and	and	CCONJ
gujaf-15	44	32	cbn	cbn	PROPN
gujaf-15	44	33	.	.	PUNCT
gujaf-15	45	1	recently	recently	ADV
gujaf-15	45	2	,	,	PUNCT
gujaf-15	45	3	nigerian	nigerian	ADJ
gujaf-15	45	4	banks	bank	NOUN
gujaf-15	45	5	suffered	suffer	VERB
gujaf-15	45	6	wide	wide	ADJ
gujaf-15	45	7	spread	spread	NOUN
gujaf-15	45	8	of	of	ADP
gujaf-15	45	9	financial	financial	ADJ
gujaf-15	45	10	crises	crisis	NOUN
gujaf-15	45	11	which	which	PRON
gujaf-15	45	12	led	lead	VERB
gujaf-15	45	13	to	to	ADP
gujaf-15	45	14	declaration	declaration	NOUN
gujaf-15	45	15	of	of	ADP
gujaf-15	45	16	many	many	ADJ
gujaf-15	45	17	banks	bank	NOUN
gujaf-15	45	18	as	as	ADP
gujaf-15	45	19	distress	distress	NOUN
gujaf-15	45	20	,	,	PUNCT
gujaf-15	45	21	and	and	CCONJ
gujaf-15	45	22	takeovers	takeover	NOUN
gujaf-15	45	23	and	and	CCONJ
gujaf-15	45	24	mergers	merger	NOUN
gujaf-15	45	25	including	include	VERB
gujaf-15	45	26	the	the	DET
gujaf-15	45	27	rescue	rescue	NOUN
gujaf-15	45	28	of	of	ADP
gujaf-15	45	29	8	8	NUM
gujaf-15	45	30	banks	bank	NOUN
gujaf-15	45	31	through	through	ADP
gujaf-15	45	32	capital	capital	NOUN
gujaf-15	45	33	and	and	CCONJ
gujaf-15	45	34	liquidity	liquidity	NOUN
gujaf-15	45	35	injections	injection	NOUN
gujaf-15	45	36	,	,	PUNCT
gujaf-15	45	37	as	as	ADV
gujaf-15	45	38	well	well	ADV
gujaf-15	45	39	as	as	ADP
gujaf-15	45	40	prosecution	prosecution	NOUN
gujaf-15	45	41	of	of	ADP
gujaf-15	45	42	the	the	DET
gujaf-15	45	43	banks	bank	NOUN
gujaf-15	45	44	’	’	PART
gujaf-15	45	45	chief	chief	ADJ
gujaf-15	45	46	executives	executive	NOUN
gujaf-15	45	47	(	(	PUNCT
gujaf-15	45	48	sunusi	sunusi	ADJ
gujaf-15	45	49	,	,	PUNCT
gujaf-15	45	50	2012	2012	NUM
gujaf-15	45	51	)	)	PUNCT
gujaf-15	45	52	.	.	PUNCT
gujaf-15	46	1	gujaf	gujaf	NOUN
gujaf-15	46	2	:	:	PUNCT
gujaf-15	46	3	gusau	gusau	PROPN
gujaf-15	46	4	journal	journal	NOUN
gujaf-15	46	5	of	of	ADP
gujaf-15	46	6	accounting	accounting	NOUN
gujaf-15	46	7	and	and	CCONJ
gujaf-15	46	8	finance	finance	NOUN
gujaf-15	46	9	,	,	PUNCT
gujaf-15	46	10	vol	vol	NOUN
gujaf-15	46	11	.	.	PUNCT
gujaf-15	47	1	i	i	PRON
gujaf-15	47	2	,	,	PUNCT
gujaf-15	47	3	issue	issue	NOUN
gujaf-15	47	4	1	1	NUM
gujaf-15	47	5	,	,	PUNCT
gujaf-15	47	6	april	april	PROPN
gujaf-15	47	7	,	,	PUNCT
gujaf-15	47	8	2020	2020	NUM
gujaf-15	47	9	issn	issn	VERB
gujaf-15	47	10	2756	2756	NUM
gujaf-15	47	11	-	-	PUNCT
gujaf-15	47	12	665x	665x	NOUN
gujaf-15	47	13	4	4	NUM
gujaf-15	47	14	these	these	DET
gujaf-15	47	15	problems	problem	NOUN
gujaf-15	47	16	according	accord	VERB
gujaf-15	47	17	to	to	ADP
gujaf-15	47	18	soludo	soludo	PROPN
gujaf-15	47	19	(	(	PUNCT
gujaf-15	47	20	2004	2004	NUM
gujaf-15	47	21	)	)	PUNCT
gujaf-15	47	22	are	be	AUX
gujaf-15	47	23	as	as	ADP
gujaf-15	47	24	a	a	DET
gujaf-15	47	25	result	result	NOUN
gujaf-15	47	26	of	of	ADP
gujaf-15	47	27	poor	poor	ADJ
gujaf-15	47	28	corporate	corporate	ADJ
gujaf-15	47	29	governance	governance	NOUN
gujaf-15	47	30	.	.	PUNCT
gujaf-15	48	1	this	this	PRON
gujaf-15	48	2	therefore	therefore	ADV
gujaf-15	48	3	call	call	VERB
gujaf-15	48	4	for	for	ADP
gujaf-15	48	5	investigation	investigation	NOUN
gujaf-15	48	6	of	of	ADP
gujaf-15	48	7	different	different	ADJ
gujaf-15	48	8	corporate	corporate	ADJ
gujaf-15	48	9	governance	governance	NOUN
gujaf-15	48	10	aspect	aspect	NOUN
gujaf-15	48	11	in	in	ADP
gujaf-15	48	12	order	order	NOUN
gujaf-15	48	13	to	to	PART
gujaf-15	48	14	find	find	VERB
gujaf-15	48	15	a	a	DET
gujaf-15	48	16	lasting	last	VERB
gujaf-15	48	17	solution	solution	NOUN
gujaf-15	48	18	to	to	ADP
gujaf-15	48	19	issues	issue	NOUN
gujaf-15	48	20	of	of	ADP
gujaf-15	48	21	confidence	confidence	NOUN
gujaf-15	48	22	in	in	ADP
gujaf-15	48	23	the	the	DET
gujaf-15	48	24	banking	banking	NOUN
gujaf-15	48	25	sector	sector	NOUN
gujaf-15	48	26	,	,	PUNCT
gujaf-15	48	27	this	this	DET
gujaf-15	48	28	study	study	NOUN
gujaf-15	48	29	is	be	AUX
gujaf-15	48	30	an	an	DET
gujaf-15	48	31	effort	effort	NOUN
gujaf-15	48	32	towards	towards	ADP
gujaf-15	48	33	that	that	PRON
gujaf-15	48	34	.	.	PUNCT
gujaf-15	49	1	this	this	DET
gujaf-15	49	2	study	study	NOUN
gujaf-15	49	3	therefore	therefore	ADV
gujaf-15	49	4	assumes	assume	VERB
gujaf-15	49	5	that	that	SCONJ
gujaf-15	49	6	since	since	SCONJ
gujaf-15	49	7	corporate	corporate	ADJ
gujaf-15	49	8	ownership	ownership	NOUN
gujaf-15	49	9	structure	structure	NOUN
gujaf-15	49	10	as	as	ADP
gujaf-15	49	11	one	one	NUM
gujaf-15	49	12	of	of	ADP
gujaf-15	49	13	the	the	DET
gujaf-15	49	14	mechanisms	mechanism	NOUN
gujaf-15	49	15	of	of	ADP
gujaf-15	49	16	corporate	corporate	ADJ
gujaf-15	49	17	governance	governance	NOUN
gujaf-15	49	18	improves	improve	VERB
gujaf-15	49	19	the	the	DET
gujaf-15	49	20	confidence	confidence	NOUN
gujaf-15	49	21	of	of	ADP
gujaf-15	49	22	investors	investor	NOUN
gujaf-15	49	23	in	in	ADP
gujaf-15	49	24	a	a	DET
gujaf-15	49	25	particular	particular	ADJ
gujaf-15	49	26	firm	firm	NOUN
gujaf-15	49	27	,	,	PUNCT
gujaf-15	49	28	bring	bring	VERB
gujaf-15	49	29	about	about	ADP
gujaf-15	49	30	corporate	corporate	ADJ
gujaf-15	49	31	accountability	accountability	NOUN
gujaf-15	49	32	,	,	PUNCT
gujaf-15	49	33	strengthen	strengthen	VERB
gujaf-15	49	34	the	the	DET
gujaf-15	49	35	quality	quality	NOUN
gujaf-15	49	36	and	and	CCONJ
gujaf-15	49	37	reliability	reliability	NOUN
gujaf-15	49	38	of	of	ADP
gujaf-15	49	39	public	public	ADJ
gujaf-15	49	40	financial	financial	ADJ
gujaf-15	49	41	information	information	NOUN
gujaf-15	49	42	as	as	ADV
gujaf-15	49	43	well	well	ADV
gujaf-15	49	44	as	as	ADP
gujaf-15	49	45	augment	augment	VERB
gujaf-15	49	46	the	the	DET
gujaf-15	49	47	efficiency	efficiency	NOUN
gujaf-15	49	48	and	and	CCONJ
gujaf-15	49	49	integrity	integrity	NOUN
gujaf-15	49	50	of	of	ADP
gujaf-15	49	51	the	the	DET
gujaf-15	49	52	stock	stock	NOUN
gujaf-15	49	53	market	market	NOUN
gujaf-15	49	54	.	.	PUNCT
gujaf-15	50	1	the	the	DET
gujaf-15	50	2	study	study	NOUN
gujaf-15	50	3	is	be	AUX
gujaf-15	50	4	an	an	DET
gujaf-15	50	5	attempt	attempt	NOUN
gujaf-15	50	6	to	to	PART
gujaf-15	50	7	find	find	VERB
gujaf-15	50	8	out	out	ADP
gujaf-15	50	9	how	how	SCONJ
gujaf-15	50	10	ownerships	ownership	NOUN
gujaf-15	50	11	by	by	ADP
gujaf-15	50	12	institutions	institution	NOUN
gujaf-15	50	13	,	,	PUNCT
gujaf-15	50	14	insiders	insider	NOUN
gujaf-15	50	15	(	(	PUNCT
gujaf-15	50	16	managers	manager	NOUN
gujaf-15	50	17	and	and	CCONJ
gujaf-15	50	18	directors	director	NOUN
gujaf-15	50	19	)	)	PUNCT
gujaf-15	50	20	,	,	PUNCT
gujaf-15	50	21	foreigners	foreigner	NOUN
gujaf-15	50	22	and	and	CCONJ
gujaf-15	50	23	block	block	NOUN
gujaf-15	50	24	-	-	PUNCT
gujaf-15	50	25	holders	holder	NOUN
gujaf-15	50	26	affect	affect	VERB
gujaf-15	50	27	the	the	DET
gujaf-15	50	28	confidence	confidence	NOUN
gujaf-15	50	29	of	of	ADP
gujaf-15	50	30	investors	investor	NOUN
gujaf-15	50	31	in	in	ADP
gujaf-15	50	32	the	the	DET
gujaf-15	50	33	nigerian	nigerian	ADJ
gujaf-15	50	34	capital	capital	NOUN
gujaf-15	50	35	markets	market	NOUN
gujaf-15	50	36	.	.	PUNCT
gujaf-15	51	1	these	these	DET
gujaf-15	51	2	forms	form	NOUN
gujaf-15	51	3	of	of	ADP
gujaf-15	51	4	ownership	ownership	NOUN
gujaf-15	51	5	were	be	AUX
gujaf-15	51	6	examined	examine	VERB
gujaf-15	51	7	by	by	ADP
gujaf-15	51	8	previous	previous	ADJ
gujaf-15	51	9	literature	literature	NOUN
gujaf-15	51	10	such	such	ADJ
gujaf-15	51	11	as	as	ADP
gujaf-15	51	12	lauterbach	lauterbach	NOUN
gujaf-15	51	13	and	and	CCONJ
gujaf-15	51	14	tolkowsky	tolkowsky	ADJ
gujaf-15	51	15	(	(	PUNCT
gujaf-15	51	16	2004	2004	NUM
gujaf-15	51	17	)	)	PUNCT
gujaf-15	51	18	,	,	PUNCT
gujaf-15	51	19	achleitner	achleitner	NOUN
gujaf-15	51	20	,	,	PUNCT
gujaf-15	51	21	kaserer	kaserer	NOUN
gujaf-15	51	22	and	and	CCONJ
gujaf-15	51	23	moldenhauer	moldenhauer	NOUN
gujaf-15	51	24	(	(	PUNCT
gujaf-15	51	25	2005	2005	NUM
gujaf-15	51	26	)	)	PUNCT
gujaf-15	51	27	,	,	PUNCT
gujaf-15	51	28	mueller	mueller	NOUN
gujaf-15	51	29	and	and	CCONJ
gujaf-15	51	30	spitz	spitz	PROPN
gujaf-15	51	31	(	(	PUNCT
gujaf-15	51	32	2006	2006	NUM
gujaf-15	51	33	)	)	PUNCT
gujaf-15	51	34	,	,	PUNCT
gujaf-15	51	35	cornett	cornett	PROPN
gujaf-15	51	36	,	,	PUNCT
gujaf-15	51	37	marcus	marcus	PROPN
gujaf-15	51	38	,	,	PUNCT
gujaf-15	51	39	saunders	saunder	NOUN
gujaf-15	51	40	,	,	PUNCT
gujaf-15	51	41	&	&	CCONJ
gujaf-15	51	42	tehranian	tehranian	PROPN
gujaf-15	51	43	(	(	PUNCT
gujaf-15	51	44	2007	2007	NUM
gujaf-15	51	45	)	)	PUNCT
gujaf-15	51	46	,	,	PUNCT
gujaf-15	51	47	karami	karami	PROPN
gujaf-15	51	48	(	(	PUNCT
gujaf-15	51	49	2008	2008	NUM
gujaf-15	51	50	)	)	PUNCT
gujaf-15	51	51	,	,	PUNCT
gujaf-15	51	52	numazu	numazu	PROPN
gujaf-15	51	53	and	and	CCONJ
gujaf-15	51	54	kerman	kerman	PROPN
gujaf-15	51	55	(	(	PUNCT
gujaf-15	51	56	2008	2008	NUM
gujaf-15	51	57	)	)	PUNCT
gujaf-15	51	58	,	,	PUNCT
gujaf-15	51	59	ezazi	ezazi	PROPN
gujaf-15	51	60	,	,	PUNCT
gujaf-15	51	61	sadeghisharif	sadeghisharif	PROPN
gujaf-15	51	62	,	,	PUNCT
gujaf-15	51	63	alipour	alipour	ADJ
gujaf-15	51	64	,	,	PUNCT
gujaf-15	51	65	and	and	CCONJ
gujaf-15	51	66	amjad	amjad	PROPN
gujaf-15	51	67	(	(	PUNCT
gujaf-15	51	68	2011	2011	NUM
gujaf-15	51	69	)	)	PUNCT
gujaf-15	51	70	,	,	PUNCT
gujaf-15	51	71	li	li	PROPN
gujaf-15	51	72	et	et	PROPN
gujaf-15	51	73	al	al	PROPN
gujaf-15	51	74	(	(	PUNCT
gujaf-15	51	75	2016	2016	NUM
gujaf-15	51	76	)	)	PUNCT
gujaf-15	51	77	,	,	PUNCT
gujaf-15	51	78	mcgraw	mcgraw	PROPN
gujaf-15	51	79	,	,	PUNCT
gujaf-15	51	80	larsen	larsen	PROPN
gujaf-15	51	81	,	,	PUNCT
gujaf-15	51	82	kahneman	kahneman	NOUN
gujaf-15	51	83	and	and	CCONJ
gujaf-15	51	84	schkade	schkade	PROPN
gujaf-15	51	85	(	(	PUNCT
gujaf-15	51	86	2010	2010	NUM
gujaf-15	51	87	)	)	PUNCT
gujaf-15	51	88	,	,	PUNCT
gujaf-15	51	89	lee	lee	PROPN
gujaf-15	51	90	and	and	CCONJ
gujaf-15	51	91	shailer	shailer	PROPN
gujaf-15	51	92	(	(	PUNCT
gujaf-15	51	93	2008	2008	NUM
gujaf-15	51	94	)	)	PUNCT
gujaf-15	51	95	,	,	PUNCT
gujaf-15	51	96	alnaser	alnaser	PROPN
gujaf-15	51	97	,	,	PUNCT
gujaf-15	51	98	shaban	shaban	PROPN
gujaf-15	51	99	and	and	CCONJ
gujaf-15	51	100	al	al	PROPN
gujaf-15	51	101	-	-	PUNCT
gujaf-15	51	102	zubi	zubi	PROPN
gujaf-15	51	103	(	(	PUNCT
gujaf-15	51	104	2014	2014	NUM
gujaf-15	51	105	)	)	PUNCT
gujaf-15	51	106	,	,	PUNCT
gujaf-15	51	107	wu	wu	PROPN
gujaf-15	51	108	,	,	PUNCT
gujaf-15	51	109	xu	xu	PROPN
gujaf-15	51	110	and	and	CCONJ
gujaf-15	51	111	phan	phan	PROPN
gujaf-15	51	112	(	(	PUNCT
gujaf-15	51	113	2011	2011	NUM
gujaf-15	51	114	)	)	PUNCT
gujaf-15	51	115	,	,	PUNCT
gujaf-15	51	116	and	and	CCONJ
gujaf-15	51	117	du	du	PROPN
gujaf-15	51	118	(	(	PUNCT
gujaf-15	51	119	2014	2014	NUM
gujaf-15	51	120	)	)	PUNCT
gujaf-15	51	121	and	and	CCONJ
gujaf-15	51	122	the	the	DET
gujaf-15	51	123	findings	finding	NOUN
gujaf-15	51	124	are	be	AUX
gujaf-15	51	125	conflicting	conflicting	ADJ
gujaf-15	51	126	and	and	CCONJ
gujaf-15	51	127	inconclusive	inconclusive	ADJ
gujaf-15	51	128	,	,	PUNCT
gujaf-15	51	129	necessitating	necessitate	VERB
gujaf-15	51	130	further	further	ADJ
gujaf-15	51	131	researches	research	NOUN
gujaf-15	51	132	on	on	ADP
gujaf-15	51	133	the	the	DET
gujaf-15	51	134	topic	topic	NOUN
gujaf-15	51	135	.	.	PUNCT
gujaf-15	52	1	the	the	DET
gujaf-15	52	2	main	main	ADJ
gujaf-15	52	3	objective	objective	NOUN
gujaf-15	52	4	of	of	ADP
gujaf-15	52	5	the	the	DET
gujaf-15	52	6	study	study	NOUN
gujaf-15	52	7	is	be	AUX
gujaf-15	52	8	to	to	PART
gujaf-15	52	9	examine	examine	VERB
gujaf-15	52	10	the	the	DET
gujaf-15	52	11	effect	effect	NOUN
gujaf-15	52	12	of	of	ADP
gujaf-15	52	13	corporate	corporate	ADJ
gujaf-15	52	14	ownership	ownership	NOUN
gujaf-15	52	15	structure	structure	NOUN
gujaf-15	52	16	on	on	ADP
gujaf-15	52	17	the	the	DET
gujaf-15	52	18	investor	investor	NOUN
gujaf-15	52	19	confidence	confidence	NOUN
gujaf-15	52	20	of	of	ADP
gujaf-15	52	21	listed	list	VERB
gujaf-15	52	22	deposit	deposit	NOUN
gujaf-15	52	23	money	money	NOUN
gujaf-15	52	24	banks	bank	NOUN
gujaf-15	52	25	in	in	ADP
gujaf-15	52	26	nigeria	nigeria	PROPN
gujaf-15	52	27	.	.	PUNCT
gujaf-15	53	1	the	the	DET
gujaf-15	53	2	specific	specific	ADJ
gujaf-15	53	3	objectives	objective	NOUN
gujaf-15	53	4	of	of	ADP
gujaf-15	53	5	the	the	DET
gujaf-15	53	6	study	study	NOUN
gujaf-15	53	7	are	be	AUX
gujaf-15	53	8	;	;	PUNCT
gujaf-15	53	9	i.	i.	NOUN
gujaf-15	53	10	to	to	PART
gujaf-15	53	11	evaluate	evaluate	VERB
gujaf-15	53	12	the	the	DET
gujaf-15	53	13	effect	effect	NOUN
gujaf-15	53	14	of	of	ADP
gujaf-15	53	15	institutional	institutional	ADJ
gujaf-15	53	16	ownership	ownership	NOUN
gujaf-15	53	17	on	on	ADP
gujaf-15	53	18	the	the	DET
gujaf-15	53	19	investors	investor	NOUN
gujaf-15	53	20	’	’	PART
gujaf-15	53	21	confidence	confidence	NOUN
gujaf-15	53	22	of	of	ADP
gujaf-15	53	23	listed	list	VERB
gujaf-15	53	24	deposit	deposit	NOUN
gujaf-15	53	25	money	money	NOUN
gujaf-15	53	26	banks	bank	NOUN
gujaf-15	53	27	in	in	ADP
gujaf-15	53	28	nigeria	nigeria	PROPN
gujaf-15	53	29	.	.	PUNCT
gujaf-15	54	1	ii	ii	PROPN
gujaf-15	54	2	.	.	PUNCT
gujaf-15	55	1	to	to	PART
gujaf-15	55	2	assess	assess	VERB
gujaf-15	55	3	the	the	DET
gujaf-15	55	4	effect	effect	NOUN
gujaf-15	55	5	of	of	ADP
gujaf-15	55	6	insider	insider	NOUN
gujaf-15	55	7	ownership	ownership	NOUN
gujaf-15	55	8	on	on	ADP
gujaf-15	55	9	the	the	DET
gujaf-15	55	10	investors	investor	NOUN
gujaf-15	55	11	’	’	PART
gujaf-15	55	12	confidence	confidence	NOUN
gujaf-15	55	13	of	of	ADP
gujaf-15	55	14	listed	list	VERB
gujaf-15	55	15	deposit	deposit	NOUN
gujaf-15	55	16	money	money	NOUN
gujaf-15	55	17	banks	bank	NOUN
gujaf-15	55	18	in	in	ADP
gujaf-15	55	19	nigeria	nigeria	PROPN
gujaf-15	55	20	.	.	PUNCT
gujaf-15	56	1	iii	iii	X
gujaf-15	56	2	.	.	PUNCT
gujaf-15	57	1	to	to	PART
gujaf-15	57	2	determine	determine	VERB
gujaf-15	57	3	the	the	DET
gujaf-15	57	4	effect	effect	NOUN
gujaf-15	57	5	of	of	ADP
gujaf-15	57	6	foreign	foreign	ADJ
gujaf-15	57	7	ownership	ownership	NOUN
gujaf-15	57	8	on	on	ADP
gujaf-15	57	9	the	the	DET
gujaf-15	57	10	investors	investor	NOUN
gujaf-15	57	11	’	’	PART
gujaf-15	57	12	confidence	confidence	NOUN
gujaf-15	57	13	of	of	ADP
gujaf-15	57	14	listed	list	VERB
gujaf-15	57	15	deposit	deposit	NOUN
gujaf-15	57	16	money	money	NOUN
gujaf-15	57	17	banks	bank	NOUN
gujaf-15	57	18	in	in	ADP
gujaf-15	57	19	nigeria	nigeria	PROPN
gujaf-15	57	20	.	.	PUNCT
gujaf-15	58	1	iv	iv	X
gujaf-15	58	2	.	.	PUNCT
gujaf-15	58	3	to	to	PART
gujaf-15	58	4	examine	examine	VERB
gujaf-15	58	5	the	the	DET
gujaf-15	58	6	effects	effect	NOUN
gujaf-15	58	7	of	of	ADP
gujaf-15	58	8	block	block	NOUN
gujaf-15	58	9	ownership	ownership	NOUN
gujaf-15	58	10	on	on	ADP
gujaf-15	58	11	the	the	DET
gujaf-15	58	12	investors	investor	NOUN
gujaf-15	58	13	’	’	PART
gujaf-15	58	14	confidence	confidence	NOUN
gujaf-15	58	15	of	of	ADP
gujaf-15	58	16	listed	list	VERB
gujaf-15	58	17	deposit	deposit	NOUN
gujaf-15	58	18	money	money	NOUN
gujaf-15	58	19	banks	bank	NOUN
gujaf-15	58	20	in	in	ADP
gujaf-15	58	21	nigeria	nigeria	PROPN
gujaf-15	58	22	.	.	PUNCT
gujaf-15	59	1	consequently	consequently	ADV
gujaf-15	59	2	,	,	PUNCT
gujaf-15	59	3	the	the	DET
gujaf-15	59	4	following	follow	VERB
gujaf-15	59	5	hypotheses	hypothesis	NOUN
gujaf-15	59	6	are	be	AUX
gujaf-15	59	7	formulated	formulate	VERB
gujaf-15	59	8	in	in	ADP
gujaf-15	59	9	null	null	ADJ
gujaf-15	59	10	form	form	NOUN
gujaf-15	59	11	:	:	PUNCT
gujaf-15	59	12	h01	h01	NOUN
gujaf-15	59	13	:	:	PUNCT
gujaf-15	59	14	institutional	institutional	ADJ
gujaf-15	59	15	ownership	ownership	NOUN
gujaf-15	59	16	has	have	VERB
gujaf-15	59	17	no	no	DET
gujaf-15	59	18	significant	significant	ADJ
gujaf-15	59	19	effect	effect	NOUN
gujaf-15	59	20	on	on	ADP
gujaf-15	59	21	the	the	DET
gujaf-15	59	22	investors	investor	NOUN
gujaf-15	59	23	’	’	PART
gujaf-15	59	24	confidence	confidence	NOUN
gujaf-15	59	25	of	of	ADP
gujaf-15	59	26	listed	list	VERB
gujaf-15	59	27	deposit	deposit	NOUN
gujaf-15	59	28	money	money	NOUN
gujaf-15	59	29	banks	bank	NOUN
gujaf-15	59	30	in	in	ADP
gujaf-15	59	31	nigeria	nigeria	PROPN
gujaf-15	59	32	.	.	PUNCT
gujaf-15	60	1	h02	h02	NOUN
gujaf-15	60	2	:	:	PUNCT
gujaf-15	60	3	insider	insider	NOUN
gujaf-15	60	4	ownership	ownership	NOUN
gujaf-15	60	5	has	have	VERB
gujaf-15	60	6	no	no	DET
gujaf-15	60	7	significant	significant	ADJ
gujaf-15	60	8	effect	effect	NOUN
gujaf-15	60	9	on	on	ADP
gujaf-15	60	10	the	the	DET
gujaf-15	60	11	investors	investor	NOUN
gujaf-15	60	12	’	’	PART
gujaf-15	60	13	confidence	confidence	NOUN
gujaf-15	60	14	of	of	ADP
gujaf-15	60	15	listed	list	VERB
gujaf-15	60	16	deposit	deposit	NOUN
gujaf-15	60	17	money	money	NOUN
gujaf-15	60	18	banks	bank	NOUN
gujaf-15	60	19	in	in	ADP
gujaf-15	60	20	nigeria	nigeria	PROPN
gujaf-15	60	21	.	.	PUNCT
gujaf-15	61	1	gujaf	gujaf	NOUN
gujaf-15	61	2	:	:	PUNCT
gujaf-15	61	3	gusau	gusau	PROPN
gujaf-15	61	4	journal	journal	NOUN
gujaf-15	61	5	of	of	ADP
gujaf-15	61	6	accounting	accounting	NOUN
gujaf-15	61	7	and	and	CCONJ
gujaf-15	61	8	finance	finance	NOUN
gujaf-15	61	9	,	,	PUNCT
gujaf-15	61	10	vol	vol	NOUN
gujaf-15	61	11	.	.	PUNCT
gujaf-15	62	1	i	i	PRON
gujaf-15	62	2	,	,	PUNCT
gujaf-15	62	3	issue	issue	NOUN
gujaf-15	62	4	1	1	NUM
gujaf-15	62	5	,	,	PUNCT
gujaf-15	62	6	april	april	PROPN
gujaf-15	62	7	,	,	PUNCT
gujaf-15	62	8	2020	2020	NUM
gujaf-15	62	9	issn	issn	VERB
gujaf-15	62	10	2756	2756	NUM
gujaf-15	62	11	-	-	PUNCT
gujaf-15	62	12	665x	665x	NOUN
gujaf-15	62	13	5	5	NUM
gujaf-15	62	14	h03	h03	NOUN
gujaf-15	62	15	:	:	PUNCT
gujaf-15	62	16	foreign	foreign	ADJ
gujaf-15	62	17	ownership	ownership	NOUN
gujaf-15	62	18	has	have	VERB
gujaf-15	62	19	no	no	DET
gujaf-15	62	20	significant	significant	ADJ
gujaf-15	62	21	effect	effect	NOUN
gujaf-15	62	22	on	on	ADP
gujaf-15	62	23	the	the	DET
gujaf-15	62	24	investors	investor	NOUN
gujaf-15	62	25	’	’	PART
gujaf-15	62	26	confidence	confidence	NOUN
gujaf-15	62	27	of	of	ADP
gujaf-15	62	28	listed	list	VERB
gujaf-15	62	29	deposit	deposit	NOUN
gujaf-15	62	30	money	money	NOUN
gujaf-15	62	31	banks	bank	NOUN
gujaf-15	62	32	in	in	ADP
gujaf-15	62	33	nigeria	nigeria	PROPN
gujaf-15	62	34	.	.	PUNCT
gujaf-15	63	1	h04	h04	PROPN
gujaf-15	63	2	:	:	PUNCT
gujaf-15	63	3	block	block	NOUN
gujaf-15	63	4	ownership	ownership	NOUN
gujaf-15	63	5	has	have	VERB
gujaf-15	63	6	no	no	DET
gujaf-15	63	7	significant	significant	ADJ
gujaf-15	63	8	effect	effect	NOUN
gujaf-15	63	9	on	on	ADP
gujaf-15	63	10	the	the	DET
gujaf-15	63	11	investors	investor	NOUN
gujaf-15	63	12	’	’	PART
gujaf-15	63	13	confidence	confidence	NOUN
gujaf-15	63	14	of	of	ADP
gujaf-15	63	15	listed	list	VERB
gujaf-15	63	16	deposit	deposit	NOUN
gujaf-15	63	17	money	money	NOUN
gujaf-15	63	18	banks	bank	NOUN
gujaf-15	63	19	in	in	ADP
gujaf-15	63	20	nigeria	nigeria	PROPN
gujaf-15	63	21	.	.	PUNCT
gujaf-15	64	1	the	the	DET
gujaf-15	64	2	study	study	NOUN
gujaf-15	64	3	focuses	focus	VERB
gujaf-15	64	4	on	on	ADP
gujaf-15	64	5	the	the	DET
gujaf-15	64	6	ownership	ownership	NOUN
gujaf-15	64	7	aspect	aspect	NOUN
gujaf-15	64	8	of	of	ADP
gujaf-15	64	9	corporate	corporate	ADJ
gujaf-15	64	10	governance	governance	NOUN
gujaf-15	64	11	of	of	ADP
gujaf-15	64	12	banks	bank	NOUN
gujaf-15	64	13	in	in	ADP
gujaf-15	64	14	relation	relation	NOUN
gujaf-15	64	15	to	to	ADP
gujaf-15	64	16	investor	investor	NOUN
gujaf-15	64	17	confidence	confidence	NOUN
gujaf-15	64	18	in	in	ADP
gujaf-15	64	19	nigeria	nigeria	PROPN
gujaf-15	64	20	.	.	PUNCT
gujaf-15	65	1	the	the	DET
gujaf-15	65	2	study	study	NOUN
gujaf-15	65	3	therefore	therefore	ADV
gujaf-15	65	4	is	be	AUX
gujaf-15	65	5	restricted	restrict	VERB
gujaf-15	65	6	to	to	PART
gujaf-15	65	7	deposit	deposit	VERB
gujaf-15	65	8	money	money	NOUN
gujaf-15	65	9	banks	bank	NOUN
gujaf-15	65	10	listed	list	VERB
gujaf-15	65	11	on	on	ADP
gujaf-15	65	12	the	the	DET
gujaf-15	65	13	floor	floor	NOUN
gujaf-15	65	14	of	of	ADP
gujaf-15	65	15	the	the	DET
gujaf-15	65	16	nigerian	nigerian	ADJ
gujaf-15	65	17	stock	stock	NOUN
gujaf-15	65	18	exchange	exchange	PROPN
gujaf-15	65	19	(	(	PUNCT
gujaf-15	65	20	nse	nse	NOUN
gujaf-15	65	21	)	)	PUNCT
gujaf-15	65	22	market	market	NOUN
gujaf-15	65	23	during	during	ADP
gujaf-15	65	24	the	the	DET
gujaf-15	65	25	accounting	accounting	NOUN
gujaf-15	65	26	period	period	NOUN
gujaf-15	65	27	2010	2010	NUM
gujaf-15	65	28	to	to	ADP
gujaf-15	65	29	2019	2019	NUM
gujaf-15	65	30	.	.	PUNCT
gujaf-15	66	1	investor	investor	NOUN
gujaf-15	66	2	confidence	confidence	NOUN
gujaf-15	66	3	in	in	ADP
gujaf-15	66	4	the	the	DET
gujaf-15	66	5	context	context	NOUN
gujaf-15	66	6	of	of	ADP
gujaf-15	66	7	this	this	DET
gujaf-15	66	8	work	work	NOUN
gujaf-15	66	9	refers	refer	VERB
gujaf-15	66	10	to	to	ADP
gujaf-15	66	11	the	the	DET
gujaf-15	66	12	aggregate	aggregate	ADJ
gujaf-15	66	13	investor	investor	NOUN
gujaf-15	66	14	confidence	confidence	NOUN
gujaf-15	66	15	examinable	examinable	ADJ
gujaf-15	66	16	in	in	ADP
gujaf-15	66	17	the	the	DET
gujaf-15	66	18	market	market	NOUN
gujaf-15	66	19	prices	price	NOUN
gujaf-15	66	20	.	.	PUNCT
gujaf-15	67	1	while	while	SCONJ
gujaf-15	67	2	ownership	ownership	NOUN
gujaf-15	67	3	mechanisms	mechanism	NOUN
gujaf-15	67	4	considered	consider	VERB
gujaf-15	67	5	in	in	ADP
gujaf-15	67	6	this	this	DET
gujaf-15	67	7	study	study	NOUN
gujaf-15	67	8	are	be	AUX
gujaf-15	67	9	the	the	DET
gujaf-15	67	10	insider	insider	NOUN
gujaf-15	67	11	ownership	ownership	NOUN
gujaf-15	67	12	(	(	PUNCT
gujaf-15	67	13	managerial	managerial	ADJ
gujaf-15	67	14	and	and	CCONJ
gujaf-15	67	15	directors	director	NOUN
gujaf-15	67	16	ownership	ownership	NOUN
gujaf-15	67	17	)	)	PUNCT
gujaf-15	67	18	,	,	PUNCT
gujaf-15	67	19	institutional	institutional	ADJ
gujaf-15	67	20	ownership	ownership	NOUN
gujaf-15	67	21	,	,	PUNCT
gujaf-15	67	22	foreign	foreign	ADJ
gujaf-15	67	23	ownership	ownership	NOUN
gujaf-15	67	24	and	and	CCONJ
gujaf-15	67	25	block	block	NOUN
gujaf-15	67	26	-	-	PUNCT
gujaf-15	67	27	holders	holder	NOUN
gujaf-15	67	28	.	.	PUNCT
gujaf-15	68	1	the	the	DET
gujaf-15	68	2	study	study	NOUN
gujaf-15	68	3	covers	cover	VERB
gujaf-15	68	4	a	a	DET
gujaf-15	68	5	period	period	NOUN
gujaf-15	68	6	of	of	ADP
gujaf-15	68	7	10	10	NUM
gujaf-15	68	8	years	year	NOUN
gujaf-15	68	9	(	(	PUNCT
gujaf-15	68	10	2010	2010	NUM
gujaf-15	68	11	-	-	SYM
gujaf-15	68	12	2019	2019	NUM
gujaf-15	68	13	)	)	PUNCT
gujaf-15	68	14	.	.	PUNCT
gujaf-15	69	1	this	this	DET
gujaf-15	69	2	study	study	NOUN
gujaf-15	69	3	is	be	AUX
gujaf-15	69	4	significant	significant	ADJ
gujaf-15	69	5	and	and	CCONJ
gujaf-15	69	6	timely	timely	ADV
gujaf-15	69	7	looking	look	VERB
gujaf-15	69	8	at	at	ADP
gujaf-15	69	9	the	the	DET
gujaf-15	69	10	current	current	ADJ
gujaf-15	69	11	growing	grow	VERB
gujaf-15	69	12	need	need	NOUN
gujaf-15	69	13	of	of	ADP
gujaf-15	69	14	solution	solution	NOUN
gujaf-15	69	15	to	to	ADP
gujaf-15	69	16	crises	crisis	NOUN
gujaf-15	69	17	of	of	ADP
gujaf-15	69	18	confidence	confidence	NOUN
gujaf-15	69	19	in	in	ADP
gujaf-15	69	20	nigerian	nigerian	ADJ
gujaf-15	69	21	stock	stock	NOUN
gujaf-15	69	22	market	market	NOUN
gujaf-15	69	23	,	,	PUNCT
gujaf-15	69	24	which	which	PRON
gujaf-15	69	25	is	be	AUX
gujaf-15	69	26	associated	associate	VERB
gujaf-15	69	27	to	to	ADP
gujaf-15	69	28	some	some	DET
gujaf-15	69	29	corporate	corporate	ADJ
gujaf-15	69	30	failures	failure	NOUN
gujaf-15	69	31	in	in	ADP
gujaf-15	69	32	recent	recent	ADJ
gujaf-15	69	33	times	time	NOUN
gujaf-15	69	34	.	.	PUNCT
gujaf-15	70	1	therefore	therefore	ADV
gujaf-15	70	2	,	,	PUNCT
gujaf-15	70	3	the	the	DET
gujaf-15	70	4	reminder	reminder	NOUN
gujaf-15	70	5	of	of	ADP
gujaf-15	70	6	this	this	DET
gujaf-15	70	7	paper	paper	NOUN
gujaf-15	70	8	consists	consist	VERB
gujaf-15	70	9	of	of	ADP
gujaf-15	70	10	four	four	NUM
gujaf-15	70	11	sections	section	NOUN
gujaf-15	70	12	.	.	PUNCT
gujaf-15	71	1	after	after	ADP
gujaf-15	71	2	the	the	DET
gujaf-15	71	3	current	current	ADJ
gujaf-15	71	4	section	section	NOUN
gujaf-15	71	5	,	,	PUNCT
gujaf-15	71	6	section	section	NOUN
gujaf-15	71	7	two	two	NUM
gujaf-15	71	8	is	be	AUX
gujaf-15	71	9	the	the	DET
gujaf-15	71	10	literature	literature	PROPN
gujaf-15	71	11	review	review	NOUN
gujaf-15	71	12	,	,	PUNCT
gujaf-15	71	13	section	section	NOUN
gujaf-15	71	14	three	three	NUM
gujaf-15	71	15	is	be	AUX
gujaf-15	71	16	the	the	DET
gujaf-15	71	17	methodology	methodology	NOUN
gujaf-15	71	18	used	use	VERB
gujaf-15	71	19	in	in	ADP
gujaf-15	71	20	the	the	DET
gujaf-15	71	21	study	study	NOUN
gujaf-15	71	22	,	,	PUNCT
gujaf-15	71	23	section	section	NOUN
gujaf-15	71	24	four	four	NUM
gujaf-15	71	25	is	be	AUX
gujaf-15	71	26	the	the	DET
gujaf-15	71	27	findings	finding	NOUN
gujaf-15	71	28	and	and	CCONJ
gujaf-15	71	29	finally	finally	ADV
gujaf-15	71	30	,	,	PUNCT
gujaf-15	71	31	section	section	NOUN
gujaf-15	71	32	five	five	NUM
gujaf-15	71	33	is	be	AUX
gujaf-15	71	34	summary	summary	NOUN
gujaf-15	71	35	and	and	CCONJ
gujaf-15	71	36	conclusions	conclusion	NOUN
gujaf-15	71	37	of	of	ADP
gujaf-15	71	38	the	the	DET
gujaf-15	71	39	study	study	NOUN
gujaf-15	71	40	.	.	PUNCT
gujaf-15	72	1	2	2	X
gujaf-15	72	2	.	.	X
gujaf-15	72	3	literature	literature	NOUN
gujaf-15	72	4	review	review	PROPN
gujaf-15	72	5	and	and	CCONJ
gujaf-15	72	6	theoretical	theoretical	ADJ
gujaf-15	72	7	framework	framework	NOUN
gujaf-15	72	8	several	several	ADJ
gujaf-15	72	9	empirical	empirical	ADJ
gujaf-15	72	10	studies	study	NOUN
gujaf-15	72	11	were	be	AUX
gujaf-15	72	12	conducted	conduct	VERB
gujaf-15	72	13	using	use	VERB
gujaf-15	72	14	different	different	ADJ
gujaf-15	72	15	proxy	proxy	NOUN
gujaf-15	72	16	for	for	ADP
gujaf-15	72	17	investor	investor	NOUN
gujaf-15	72	18	confidence	confidence	NOUN
gujaf-15	72	19	,	,	PUNCT
gujaf-15	72	20	like	like	ADP
gujaf-15	72	21	firm	firm	ADJ
gujaf-15	72	22	performance	performance	NOUN
gujaf-15	72	23	,	,	PUNCT
gujaf-15	72	24	and	and	CCONJ
gujaf-15	72	25	market	market	NOUN
gujaf-15	72	26	values	value	NOUN
gujaf-15	72	27	to	to	PART
gujaf-15	72	28	examine	examine	VERB
gujaf-15	72	29	the	the	DET
gujaf-15	72	30	effectiveness	effectiveness	NOUN
gujaf-15	72	31	of	of	ADP
gujaf-15	72	32	corporate	corporate	ADJ
gujaf-15	72	33	governance	governance	NOUN
gujaf-15	72	34	and	and	CCONJ
gujaf-15	72	35	its	its	PRON
gujaf-15	72	36	control	control	NOUN
gujaf-15	72	37	mechanisms	mechanism	NOUN
gujaf-15	72	38	.	.	PUNCT
gujaf-15	73	1	the	the	DET
gujaf-15	73	2	findings	finding	NOUN
gujaf-15	73	3	from	from	ADP
gujaf-15	73	4	the	the	DET
gujaf-15	73	5	studies	study	NOUN
gujaf-15	73	6	are	be	AUX
gujaf-15	73	7	conflicting	conflicting	ADJ
gujaf-15	73	8	and	and	CCONJ
gujaf-15	73	9	inconclusive	inconclusive	ADJ
gujaf-15	73	10	necessitating	necessitate	VERB
gujaf-15	73	11	the	the	DET
gujaf-15	73	12	need	need	NOUN
gujaf-15	73	13	for	for	ADP
gujaf-15	73	14	more	more	ADJ
gujaf-15	73	15	studies	study	NOUN
gujaf-15	73	16	on	on	ADP
gujaf-15	73	17	the	the	DET
gujaf-15	73	18	topic	topic	NOUN
gujaf-15	73	19	.	.	PUNCT
gujaf-15	74	1	ho	ho	PROPN
gujaf-15	74	2	and	and	CCONJ
gujaf-15	74	3	wong	wong	PROPN
gujaf-15	74	4	(	(	PUNCT
gujaf-15	74	5	2001	2001	NUM
gujaf-15	74	6	)	)	PUNCT
gujaf-15	74	7	carried	carry	VERB
gujaf-15	74	8	out	out	ADP
gujaf-15	74	9	a	a	DET
gujaf-15	74	10	study	study	NOUN
gujaf-15	74	11	and	and	CCONJ
gujaf-15	74	12	discovered	discover	VERB
gujaf-15	74	13	that	that	SCONJ
gujaf-15	74	14	impact	impact	NOUN
gujaf-15	74	15	of	of	ADP
gujaf-15	74	16	corporate	corporate	ADJ
gujaf-15	74	17	governance	governance	NOUN
gujaf-15	74	18	structure	structure	NOUN
gujaf-15	74	19	could	could	AUX
gujaf-15	74	20	warrant	warrant	VERB
gujaf-15	74	21	effective	effective	ADJ
gujaf-15	74	22	accountability	accountability	NOUN
gujaf-15	74	23	mechanism	mechanism	NOUN
gujaf-15	74	24	and	and	CCONJ
gujaf-15	74	25	intensify	intensify	VERB
gujaf-15	74	26	the	the	DET
gujaf-15	74	27	reliability	reliability	NOUN
gujaf-15	74	28	and	and	CCONJ
gujaf-15	74	29	high	high	ADJ
gujaf-15	74	30	standard	standard	NOUN
gujaf-15	74	31	of	of	ADP
gujaf-15	74	32	governance	governance	NOUN
gujaf-15	74	33	information	information	NOUN
gujaf-15	74	34	and	and	CCONJ
gujaf-15	74	35	increase	increase	VERB
gujaf-15	74	36	nobility	nobility	NOUN
gujaf-15	74	37	and	and	CCONJ
gujaf-15	74	38	efficiency	efficiency	NOUN
gujaf-15	74	39	of	of	ADP
gujaf-15	74	40	the	the	DET
gujaf-15	74	41	capital	capital	NOUN
gujaf-15	74	42	market	market	NOUN
gujaf-15	74	43	in	in	ADP
gujaf-15	74	44	order	order	NOUN
gujaf-15	74	45	to	to	PART
gujaf-15	74	46	enhance	enhance	VERB
gujaf-15	74	47	the	the	DET
gujaf-15	74	48	confidence	confidence	NOUN
gujaf-15	74	49	of	of	ADP
gujaf-15	74	50	investors	investor	NOUN
gujaf-15	74	51	.	.	PUNCT
gujaf-15	75	1	leora	leora	NOUN
gujaf-15	75	2	and	and	CCONJ
gujaf-15	75	3	inessa	inessa	PROPN
gujaf-15	75	4	(	(	PUNCT
gujaf-15	75	5	2004	2004	NUM
gujaf-15	75	6	)	)	PUNCT
gujaf-15	75	7	depended	depend	VERB
gujaf-15	75	8	on	on	ADP
gujaf-15	75	9	governance	governance	NOUN
gujaf-15	75	10	rate	rate	NOUN
gujaf-15	75	11	of	of	ADP
gujaf-15	75	12	14	14	NUM
gujaf-15	75	13	emanating	emanating	NOUN
gujaf-15	75	14	companies	company	NOUN
gujaf-15	75	15	to	to	PART
gujaf-15	75	16	analyze	analyze	VERB
gujaf-15	75	17	and	and	CCONJ
gujaf-15	75	18	found	find	VERB
gujaf-15	75	19	out	out	ADP
gujaf-15	75	20	the	the	DET
gujaf-15	75	21	relationship	relationship	NOUN
gujaf-15	75	22	between	between	ADP
gujaf-15	75	23	corporate	corporate	ADJ
gujaf-15	75	24	governance	governance	NOUN
gujaf-15	75	25	rate	rate	NOUN
gujaf-15	75	26	and	and	CCONJ
gujaf-15	75	27	information	information	NOUN
gujaf-15	75	28	variation	variation	NOUN
gujaf-15	75	29	.	.	PUNCT
gujaf-15	76	1	mitra	mitra	PROPN
gujaf-15	76	2	and	and	CCONJ
gujaf-15	76	3	cready	cready	ADJ
gujaf-15	76	4	(	(	PUNCT
gujaf-15	76	5	2005	2005	NUM
gujaf-15	76	6	)	)	PUNCT
gujaf-15	77	1	in	in	ADP
gujaf-15	77	2	addition	addition	NOUN
gujaf-15	77	3	to	to	ADP
gujaf-15	77	4	previous	previous	ADJ
gujaf-15	77	5	studies	study	NOUN
gujaf-15	77	6	that	that	PRON
gujaf-15	77	7	examined	examine	VERB
gujaf-15	77	8	the	the	DET
gujaf-15	77	9	effect	effect	NOUN
gujaf-15	77	10	earnings	earning	NOUN
gujaf-15	77	11	management	management	NOUN
gujaf-15	77	12	and	and	CCONJ
gujaf-15	77	13	corporate	corporate	ADJ
gujaf-15	77	14	governance	governance	NOUN
gujaf-15	77	15	mechanisms	mechanism	NOUN
gujaf-15	77	16	found	find	VERB
gujaf-15	77	17	that	that	SCONJ
gujaf-15	77	18	checks	check	NOUN
gujaf-15	77	19	by	by	ADP
gujaf-15	77	20	the	the	DET
gujaf-15	77	21	institutional	institutional	ADJ
gujaf-15	77	22	investors	investor	NOUN
gujaf-15	77	23	also	also	ADV
gujaf-15	77	24	assist	assist	VERB
gujaf-15	77	25	to	to	PART
gujaf-15	77	26	avert	avert	VERB
gujaf-15	77	27	managerial	managerial	ADJ
gujaf-15	77	28	exploiting	exploit	VERB
gujaf-15	77	29	reporting	reporting	NOUN
gujaf-15	77	30	attitude	attitude	NOUN
gujaf-15	77	31	and	and	CCONJ
gujaf-15	77	32	enhance	enhance	VERB
gujaf-15	77	33	the	the	DET
gujaf-15	77	34	value	value	NOUN
gujaf-15	77	35	of	of	ADP
gujaf-15	77	36	governance	governance	NOUN
gujaf-15	77	37	.	.	PUNCT
gujaf-15	78	1	their	their	PRON
gujaf-15	78	2	study	study	NOUN
gujaf-15	78	3	concluded	conclude	VERB
gujaf-15	78	4	that	that	SCONJ
gujaf-15	78	5	institutional	institutional	ADJ
gujaf-15	78	6	shareholders	shareholder	NOUN
gujaf-15	78	7	intercede	intercede	NOUN
gujaf-15	78	8	and	and	CCONJ
gujaf-15	78	9	gujaf	gujaf	NOUN
gujaf-15	78	10	:	:	PUNCT
gujaf-15	78	11	gusau	gusau	PROPN
gujaf-15	78	12	journal	journal	NOUN
gujaf-15	78	13	of	of	ADP
gujaf-15	78	14	accounting	accounting	NOUN
gujaf-15	78	15	and	and	CCONJ
gujaf-15	78	16	finance	finance	NOUN
gujaf-15	78	17	,	,	PUNCT
gujaf-15	78	18	vol	vol	NOUN
gujaf-15	78	19	.	.	PUNCT
gujaf-15	79	1	i	i	PRON
gujaf-15	79	2	,	,	PUNCT
gujaf-15	79	3	issue	issue	NOUN
gujaf-15	79	4	1	1	NUM
gujaf-15	79	5	,	,	PUNCT
gujaf-15	79	6	april	april	PROPN
gujaf-15	79	7	,	,	PUNCT
gujaf-15	79	8	2020	2020	NUM
gujaf-15	79	9	issn	issn	VERB
gujaf-15	79	10	2756	2756	NUM
gujaf-15	79	11	-	-	PUNCT
gujaf-15	79	12	665x	665x	NOUN
gujaf-15	79	13	6	6	NUM
gujaf-15	79	14	minimize	minimize	VERB
gujaf-15	79	15	the	the	DET
gujaf-15	79	16	self	self	NOUN
gujaf-15	79	17	-	-	PUNCT
gujaf-15	79	18	serving	serve	VERB
gujaf-15	79	19	behaviour	behaviour	NOUN
gujaf-15	79	20	of	of	ADP
gujaf-15	79	21	corporate	corporate	ADJ
gujaf-15	79	22	managers	manager	NOUN
gujaf-15	79	23	in	in	ADP
gujaf-15	79	24	financial	financial	ADJ
gujaf-15	79	25	reporting	reporting	NOUN
gujaf-15	79	26	based	base	VERB
gujaf-15	79	27	on	on	ADP
gujaf-15	79	28	a	a	DET
gujaf-15	79	29	sample	sample	NOUN
gujaf-15	79	30	of	of	ADP
gujaf-15	79	31	136	136	NUM
gujaf-15	79	32	companies	company	NOUN
gujaf-15	79	33	belong	belong	VERB
gujaf-15	79	34	to	to	ADP
gujaf-15	79	35	the	the	DET
gujaf-15	79	36	s&p	s&p	PROPN
gujaf-15	79	37	500	500	NUM
gujaf-15	79	38	group	group	NOUN
gujaf-15	79	39	and	and	CCONJ
gujaf-15	79	40	237	237	NUM
gujaf-15	79	41	belong	belong	VERB
gujaf-15	79	42	to	to	ADP
gujaf-15	79	43	nons&p	nons&p	PROPN
gujaf-15	79	44	500	500	NUM
gujaf-15	79	45	category	category	NOUN
gujaf-15	79	46	for	for	ADP
gujaf-15	79	47	the	the	DET
gujaf-15	79	48	period	period	NOUN
gujaf-15	79	49	(	(	PUNCT
gujaf-15	79	50	1991	1991	NUM
gujaf-15	79	51	-	-	SYM
gujaf-15	79	52	1998	1998	NUM
gujaf-15	79	53	)	)	PUNCT
gujaf-15	79	54	.	.	PUNCT
gujaf-15	80	1	in	in	ADP
gujaf-15	80	2	malaysia	malaysia	PROPN
gujaf-15	80	3	,	,	PUNCT
gujaf-15	80	4	abdullah	abdullah	PROPN
gujaf-15	80	5	(	(	PUNCT
gujaf-15	80	6	2006a	2006a	NUM
gujaf-15	80	7	)	)	PUNCT
gujaf-15	80	8	studied	study	VERB
gujaf-15	80	9	the	the	DET
gujaf-15	80	10	effect	effect	NOUN
gujaf-15	80	11	of	of	ADP
gujaf-15	80	12	management	management	NOUN
gujaf-15	80	13	and	and	CCONJ
gujaf-15	80	14	nonexecutives	nonexecutive	VERB
gujaf-15	80	15	interest	interest	NOUN
gujaf-15	80	16	on	on	ADP
gujaf-15	80	17	the	the	DET
gujaf-15	80	18	financial	financial	ADJ
gujaf-15	80	19	irritation	irritation	NOUN
gujaf-15	80	20	of	of	ADP
gujaf-15	80	21	firms	firm	NOUN
gujaf-15	80	22	on	on	ADP
gujaf-15	80	23	86	86	NUM
gujaf-15	80	24	comparable	comparable	ADJ
gujaf-15	80	25	samples	sample	NOUN
gujaf-15	80	26	of	of	ADP
gujaf-15	80	27	distressed	distressed	ADJ
gujaf-15	80	28	and	and	CCONJ
gujaf-15	80	29	non	non	ADJ
gujaf-15	80	30	-	-	ADJ
gujaf-15	80	31	distressed	distressed	ADJ
gujaf-15	80	32	companies	company	NOUN
gujaf-15	80	33	for	for	ADP
gujaf-15	80	34	a	a	DET
gujaf-15	80	35	period	period	NOUN
gujaf-15	80	36	of	of	ADP
gujaf-15	80	37	1999	1999	NUM
gujaf-15	80	38	-	-	SYM
gujaf-15	80	39	2001	2001	NUM
gujaf-15	80	40	.	.	PUNCT
gujaf-15	81	1	though	though	SCONJ
gujaf-15	81	2	the	the	DET
gujaf-15	81	3	study	study	NOUN
gujaf-15	81	4	was	be	AUX
gujaf-15	81	5	unable	unable	ADJ
gujaf-15	81	6	to	to	PART
gujaf-15	81	7	detect	detect	VERB
gujaf-15	81	8	empirical	empirical	ADJ
gujaf-15	81	9	data	datum	NOUN
gujaf-15	81	10	on	on	ADP
gujaf-15	81	11	the	the	DET
gujaf-15	81	12	link	link	NOUN
gujaf-15	81	13	between	between	ADP
gujaf-15	81	14	board	board	NOUN
gujaf-15	81	15	independence	independence	NOUN
gujaf-15	81	16	and	and	CCONJ
gujaf-15	81	17	ceo	ceo	NOUN
gujaf-15	81	18	duality	duality	NOUN
gujaf-15	81	19	on	on	ADP
gujaf-15	81	20	firm	firm	ADJ
gujaf-15	81	21	value	value	NOUN
gujaf-15	81	22	,	,	PUNCT
gujaf-15	81	23	the	the	DET
gujaf-15	81	24	work	work	NOUN
gujaf-15	81	25	found	find	VERB
gujaf-15	81	26	significant	significant	ADJ
gujaf-15	81	27	effect	effect	NOUN
gujaf-15	81	28	of	of	ADP
gujaf-15	81	29	management	management	NOUN
gujaf-15	81	30	interests	interest	NOUN
gujaf-15	81	31	on	on	ADP
gujaf-15	81	32	firm	firm	ADJ
gujaf-15	81	33	value	value	NOUN
gujaf-15	81	34	at	at	ADP
gujaf-15	81	35	the	the	DET
gujaf-15	81	36	lower	low	ADJ
gujaf-15	81	37	and	and	CCONJ
gujaf-15	81	38	higher	high	ADJ
gujaf-15	81	39	level	level	NOUN
gujaf-15	81	40	of	of	ADP
gujaf-15	81	41	ownership	ownership	NOUN
gujaf-15	81	42	.	.	PUNCT
gujaf-15	82	1	thus	thus	ADV
gujaf-15	82	2	,	,	PUNCT
gujaf-15	82	3	abdullah	abdullah	PROPN
gujaf-15	82	4	(	(	PUNCT
gujaf-15	82	5	2006b	2006b	NUM
gujaf-15	82	6	)	)	PUNCT
gujaf-15	82	7	broadens	broaden	VERB
gujaf-15	82	8	abdullah	abdullah	PROPN
gujaf-15	82	9	(	(	PUNCT
gujaf-15	82	10	2004	2004	NUM
gujaf-15	82	11	)	)	PUNCT
gujaf-15	82	12	work	work	NOUN
gujaf-15	82	13	on	on	ADP
gujaf-15	82	14	financial	financial	ADJ
gujaf-15	82	15	performance	performance	NOUN
gujaf-15	82	16	by	by	ADP
gujaf-15	82	17	examining	examine	VERB
gujaf-15	82	18	the	the	DET
gujaf-15	82	19	extent	extent	NOUN
gujaf-15	82	20	to	to	PART
gujaf-15	82	21	which	which	DET
gujaf-15	82	22	firm	firm	NOUN
gujaf-15	82	23	’s	’s	PART
gujaf-15	82	24	performance	performance	NOUN
gujaf-15	82	25	,	,	PUNCT
gujaf-15	82	26	internal	internal	ADJ
gujaf-15	82	27	governance	governance	NOUN
gujaf-15	82	28	of	of	ADP
gujaf-15	82	29	board	board	NOUN
gujaf-15	82	30	of	of	ADP
gujaf-15	82	31	directors	director	NOUN
gujaf-15	82	32	and	and	CCONJ
gujaf-15	82	33	ownership	ownership	NOUN
gujaf-15	82	34	structure	structure	NOUN
gujaf-15	82	35	determine	determine	VERB
gujaf-15	82	36	the	the	DET
gujaf-15	82	37	remuneration	remuneration	NOUN
gujaf-15	82	38	of	of	ADP
gujaf-15	82	39	directors	director	NOUN
gujaf-15	82	40	of	of	ADP
gujaf-15	82	41	public	public	ADJ
gujaf-15	82	42	listed	list	VERB
gujaf-15	82	43	companies	company	NOUN
gujaf-15	82	44	in	in	ADP
gujaf-15	82	45	malaysian	malaysian	PROPN
gujaf-15	82	46	.	.	PUNCT
gujaf-15	83	1	even	even	ADV
gujaf-15	83	2	though	though	SCONJ
gujaf-15	83	3	the	the	DET
gujaf-15	83	4	study	study	NOUN
gujaf-15	83	5	did	do	AUX
gujaf-15	83	6	not	not	PART
gujaf-15	83	7	discover	discover	VERB
gujaf-15	83	8	a	a	DET
gujaf-15	83	9	relationship	relationship	NOUN
gujaf-15	83	10	between	between	ADP
gujaf-15	83	11	performance	performance	NOUN
gujaf-15	83	12	and	and	CCONJ
gujaf-15	83	13	directors	director	NOUN
gujaf-15	83	14	’	’	PART
gujaf-15	83	15	remuneration	remuneration	NOUN
gujaf-15	83	16	,	,	PUNCT
gujaf-15	83	17	he	he	PRON
gujaf-15	83	18	finds	find	VERB
gujaf-15	83	19	negatively	negatively	ADV
gujaf-15	83	20	significant	significant	ADJ
gujaf-15	83	21	evidence	evidence	NOUN
gujaf-15	83	22	between	between	ADP
gujaf-15	83	23	board	board	NOUN
gujaf-15	83	24	independence	independence	NOUN
gujaf-15	83	25	and	and	CCONJ
gujaf-15	83	26	the	the	DET
gujaf-15	83	27	extent	extent	NOUN
gujaf-15	83	28	of	of	ADP
gujaf-15	83	29	non	non	ADJ
gujaf-15	83	30	-	-	ADJ
gujaf-15	83	31	executive	executive	ADJ
gujaf-15	83	32	director	director	NOUN
gujaf-15	83	33	’s	’s	PART
gujaf-15	83	34	interest	interest	NOUN
gujaf-15	83	35	with	with	ADP
gujaf-15	83	36	directors	director	NOUN
gujaf-15	83	37	’	’	PART
gujaf-15	83	38	remuneration	remuneration	NOUN
gujaf-15	83	39	levels	level	NOUN
gujaf-15	83	40	and	and	CCONJ
gujaf-15	83	41	put	put	VERB
gujaf-15	83	42	forward	forward	ADV
gujaf-15	83	43	that	that	SCONJ
gujaf-15	83	44	the	the	DET
gujaf-15	83	45	extant	extant	NOUN
gujaf-15	83	46	of	of	ADP
gujaf-15	83	47	these	these	DET
gujaf-15	83	48	two	two	NUM
gujaf-15	83	49	governance	governance	NOUN
gujaf-15	83	50	mechanisms	mechanism	NOUN
gujaf-15	83	51	are	be	AUX
gujaf-15	83	52	effective	effective	ADJ
gujaf-15	83	53	in	in	ADP
gujaf-15	83	54	restricting	restrict	VERB
gujaf-15	83	55	the	the	DET
gujaf-15	83	56	level	level	NOUN
gujaf-15	83	57	of	of	ADP
gujaf-15	83	58	directors	director	NOUN
gujaf-15	83	59	’	’	PART
gujaf-15	83	60	remuneration	remuneration	NOUN
gujaf-15	83	61	in	in	ADP
gujaf-15	83	62	malaysia	malaysia	PROPN
gujaf-15	83	63	.	.	PUNCT
gujaf-15	84	1	according	accord	VERB
gujaf-15	84	2	to	to	ADP
gujaf-15	84	3	him	he	PRON
gujaf-15	84	4	malaysian	malaysian	ADJ
gujaf-15	84	5	institutional	institutional	ADJ
gujaf-15	84	6	investors	investor	NOUN
gujaf-15	84	7	prefer	prefer	VERB
gujaf-15	84	8	short	short	ADJ
gujaf-15	84	9	-	-	PUNCT
gujaf-15	84	10	term	term	NOUN
gujaf-15	84	11	investment	investment	NOUN
gujaf-15	84	12	rather	rather	ADV
gujaf-15	84	13	than	than	ADP
gujaf-15	84	14	long	long	ADJ
gujaf-15	84	15	-	-	PUNCT
gujaf-15	84	16	term	term	NOUN
gujaf-15	84	17	achievement	achievement	NOUN
gujaf-15	84	18	that	that	PRON
gujaf-15	84	19	that	that	PRON
gujaf-15	84	20	make	make	VERB
gujaf-15	84	21	their	their	PRON
gujaf-15	84	22	decision	decision	NOUN
gujaf-15	84	23	to	to	PART
gujaf-15	84	24	dispose	dispose	VERB
gujaf-15	84	25	their	their	PRON
gujaf-15	84	26	substantial	substantial	ADJ
gujaf-15	84	27	shareholdings	shareholding	NOUN
gujaf-15	84	28	inevitably	inevitably	ADV
gujaf-15	84	29	depress	depress	VERB
gujaf-15	84	30	the	the	DET
gujaf-15	84	31	market	market	NOUN
gujaf-15	84	32	share	share	NOUN
gujaf-15	84	33	price	price	NOUN
gujaf-15	84	34	dramatically	dramatically	ADV
gujaf-15	84	35	that	that	PRON
gujaf-15	84	36	support	support	VERB
gujaf-15	84	37	‘	'	PUNCT
gujaf-15	84	38	myopic	myopic	ADJ
gujaf-15	84	39	investor	investor	NOUN
gujaf-15	84	40	’	'	PUNCT
gujaf-15	84	41	hypothesis	hypothesis	NOUN
gujaf-15	84	42	.	.	PUNCT
gujaf-15	85	1	however	however	ADV
gujaf-15	85	2	,	,	PUNCT
gujaf-15	85	3	finding	find	VERB
gujaf-15	85	4	by	by	ADP
gujaf-15	85	5	abdullah	abdullah	PROPN
gujaf-15	85	6	(	(	PUNCT
gujaf-15	85	7	1999	1999	NUM
gujaf-15	85	8	)	)	PUNCT
gujaf-15	85	9	may	may	AUX
gujaf-15	85	10	be	be	AUX
gujaf-15	85	11	arguable	arguable	ADJ
gujaf-15	85	12	for	for	ADP
gujaf-15	85	13	recent	recent	ADJ
gujaf-15	85	14	capital	capital	NOUN
gujaf-15	85	15	market	market	NOUN
gujaf-15	85	16	development	development	NOUN
gujaf-15	85	17	that	that	PRON
gujaf-15	85	18	shows	show	VERB
gujaf-15	85	19	greater	great	ADJ
gujaf-15	85	20	institutional	institutional	ADJ
gujaf-15	85	21	investors	investor	NOUN
gujaf-15	85	22	’	'	PUNCT
gujaf-15	85	23	participation	participation	NOUN
gujaf-15	85	24	as	as	ADP
gujaf-15	85	25	corporate	corporate	ADJ
gujaf-15	85	26	monitoring	monitoring	NOUN
gujaf-15	85	27	.	.	PUNCT
gujaf-15	86	1	institutional	institutional	ADJ
gujaf-15	86	2	investors	investor	NOUN
gujaf-15	86	3	in	in	ADP
gujaf-15	86	4	malaysia	malaysia	PROPN
gujaf-15	86	5	nowadays	nowadays	ADV
gujaf-15	86	6	have	have	AUX
gujaf-15	86	7	become	become	VERB
gujaf-15	86	8	a	a	DET
gujaf-15	86	9	substantial	substantial	ADJ
gujaf-15	86	10	and	and	CCONJ
gujaf-15	86	11	influential	influential	ADJ
gujaf-15	86	12	constitution	constitution	NOUN
gujaf-15	86	13	that	that	PRON
gujaf-15	86	14	plays	play	VERB
gujaf-15	86	15	a	a	DET
gujaf-15	86	16	huge	huge	ADJ
gujaf-15	86	17	remarkable	remarkable	ADJ
gujaf-15	86	18	part	part	NOUN
gujaf-15	86	19	in	in	ADP
gujaf-15	86	20	corporate	corporate	ADJ
gujaf-15	86	21	governance	governance	NOUN
gujaf-15	86	22	to	to	PART
gujaf-15	86	23	protect	protect	VERB
gujaf-15	86	24	minority	minority	NOUN
gujaf-15	86	25	shareholder	shareholder	NOUN
gujaf-15	86	26	’s	’s	PART
gujaf-15	86	27	interest	interest	NOUN
gujaf-15	86	28	.	.	PUNCT
gujaf-15	87	1	a	a	DET
gujaf-15	87	2	study	study	NOUN
gujaf-15	87	3	by	by	ADP
gujaf-15	87	4	wahab	wahab	PROPN
gujaf-15	87	5	,	,	PUNCT
gujaf-15	87	6	how	how	SCONJ
gujaf-15	87	7	and	and	CCONJ
gujaf-15	87	8	verhoeven	verhoeven	PROPN
gujaf-15	87	9	(	(	PUNCT
gujaf-15	87	10	2008	2008	NUM
gujaf-15	87	11	)	)	PUNCT
gujaf-15	87	12	discovered	discover	VERB
gujaf-15	87	13	an	an	DET
gujaf-15	87	14	evidence	evidence	NOUN
gujaf-15	87	15	of	of	ADP
gujaf-15	87	16	a	a	DET
gujaf-15	87	17	negative	negative	ADJ
gujaf-15	87	18	and	and	CCONJ
gujaf-15	87	19	significant	significant	ADJ
gujaf-15	87	20	mono	mono	NOUN
gujaf-15	87	21	-	-	PUNCT
gujaf-15	87	22	directional	directional	ADJ
gujaf-15	87	23	causality	causality	NOUN
gujaf-15	87	24	that	that	PRON
gujaf-15	87	25	occur	occur	VERB
gujaf-15	87	26	from	from	ADP
gujaf-15	87	27	institutional	institutional	ADJ
gujaf-15	87	28	ownership	ownership	NOUN
gujaf-15	87	29	to	to	ADP
gujaf-15	87	30	performance	performance	NOUN
gujaf-15	87	31	which	which	PRON
gujaf-15	87	32	indicates	indicate	VERB
gujaf-15	87	33	that	that	SCONJ
gujaf-15	87	34	institutional	institutional	ADJ
gujaf-15	87	35	shareholding	shareholding	NOUN
gujaf-15	87	36	is	be	AUX
gujaf-15	87	37	a	a	DET
gujaf-15	87	38	determinant	determinant	NOUN
gujaf-15	87	39	of	of	ADP
gujaf-15	87	40	poor	poor	ADJ
gujaf-15	87	41	performance	performance	NOUN
gujaf-15	87	42	in	in	ADP
gujaf-15	87	43	of	of	ADP
gujaf-15	87	44	firms	firm	NOUN
gujaf-15	87	45	but	but	CCONJ
gujaf-15	87	46	on	on	ADP
gujaf-15	87	47	the	the	DET
gujaf-15	87	48	contrary	contrary	ADJ
gujaf-15	87	49	poor	poor	ADJ
gujaf-15	87	50	performance	performance	NOUN
gujaf-15	87	51	is	be	AUX
gujaf-15	87	52	not	not	PART
gujaf-15	87	53	a	a	DET
gujaf-15	87	54	determinant	determinant	NOUN
gujaf-15	87	55	of	of	ADP
gujaf-15	87	56	institutional	institutional	ADJ
gujaf-15	87	57	ownership	ownership	NOUN
gujaf-15	87	58	.	.	PUNCT
gujaf-15	88	1	furthermore	furthermore	ADV
gujaf-15	88	2	,	,	PUNCT
gujaf-15	88	3	the	the	DET
gujaf-15	88	4	study	study	NOUN
gujaf-15	88	5	found	find	VERB
gujaf-15	88	6	that	that	SCONJ
gujaf-15	88	7	use	use	VERB
gujaf-15	88	8	corporate	corporate	ADJ
gujaf-15	88	9	governance	governance	NOUN
gujaf-15	88	10	practice	practice	NOUN
gujaf-15	88	11	is	be	AUX
gujaf-15	88	12	used	use	VERB
gujaf-15	88	13	by	by	ADP
gujaf-15	88	14	institutional	institutional	ADJ
gujaf-15	88	15	investors	investor	NOUN
gujaf-15	88	16	to	to	PART
gujaf-15	88	17	gauge	gauge	VERB
gujaf-15	88	18	the	the	DET
gujaf-15	88	19	investment	investment	NOUN
gujaf-15	88	20	decisions	decision	NOUN
gujaf-15	88	21	they	they	PRON
gujaf-15	88	22	take	take	VERB
gujaf-15	88	23	which	which	PRON
gujaf-15	88	24	suggest	suggest	VERB
gujaf-15	88	25	that	that	SCONJ
gujaf-15	88	26	good	good	ADJ
gujaf-15	88	27	corporate	corporate	ADJ
gujaf-15	88	28	governance	governance	NOUN
gujaf-15	88	29	practices	practice	NOUN
gujaf-15	88	30	in	in	ADP
gujaf-15	88	31	firms	firm	NOUN
gujaf-15	88	32	entice	entice	VERB
gujaf-15	88	33	more	more	ADJ
gujaf-15	88	34	institutional	institutional	ADJ
gujaf-15	88	35	ownership	ownership	NOUN
gujaf-15	88	36	.	.	PUNCT
gujaf-15	89	1	gujaf	gujaf	NOUN
gujaf-15	89	2	:	:	PUNCT
gujaf-15	89	3	gusau	gusau	PROPN
gujaf-15	89	4	journal	journal	NOUN
gujaf-15	89	5	of	of	ADP
gujaf-15	89	6	accounting	accounting	NOUN
gujaf-15	89	7	and	and	CCONJ
gujaf-15	89	8	finance	finance	NOUN
gujaf-15	89	9	,	,	PUNCT
gujaf-15	89	10	vol	vol	NOUN
gujaf-15	89	11	.	.	PUNCT
gujaf-15	90	1	i	i	PRON
gujaf-15	90	2	,	,	PUNCT
gujaf-15	90	3	issue	issue	NOUN
gujaf-15	90	4	1	1	NUM
gujaf-15	90	5	,	,	PUNCT
gujaf-15	90	6	april	april	PROPN
gujaf-15	90	7	,	,	PUNCT
gujaf-15	90	8	2020	2020	NUM
gujaf-15	90	9	issn	issn	VERB
gujaf-15	90	10	2756	2756	NUM
gujaf-15	90	11	-	-	PUNCT
gujaf-15	90	12	665x	665x	NOUN
gujaf-15	90	13	7	7	NUM
gujaf-15	90	14	chung	chung	NOUN
gujaf-15	90	15	and	and	CCONJ
gujaf-15	90	16	zhang	zhang	PROPN
gujaf-15	90	17	(	(	PUNCT
gujaf-15	90	18	2011	2011	NUM
gujaf-15	90	19	)	)	PUNCT
gujaf-15	90	20	discover	discover	VERB
gujaf-15	90	21	that	that	SCONJ
gujaf-15	90	22	when	when	SCONJ
gujaf-15	90	23	their	their	PRON
gujaf-15	90	24	huge	huge	ADJ
gujaf-15	90	25	amount	amount	NOUN
gujaf-15	90	26	of	of	ADP
gujaf-15	90	27	excess	excess	ADJ
gujaf-15	90	28	free	free	ADJ
gujaf-15	90	29	cash	cash	NOUN
gujaf-15	90	30	flow	flow	NOUN
gujaf-15	90	31	that	that	PRON
gujaf-15	90	32	affects	affect	VERB
gujaf-15	90	33	significantly	significantly	ADV
gujaf-15	90	34	level	level	NOUN
gujaf-15	90	35	of	of	ADP
gujaf-15	90	36	corroboration	corroboration	NOUN
gujaf-15	90	37	that	that	PRON
gujaf-15	90	38	exist	exist	VERB
gujaf-15	90	39	in	in	ADP
gujaf-15	90	40	the	the	DET
gujaf-15	90	41	role	role	NOUN
gujaf-15	90	42	institutional	institutional	ADJ
gujaf-15	90	43	shareholder	shareholder	NOUN
gujaf-15	90	44	play	play	VERB
gujaf-15	90	45	in	in	ADP
gujaf-15	90	46	reducing	reduce	VERB
gujaf-15	90	47	the	the	DET
gujaf-15	90	48	discretionary	discretionary	ADJ
gujaf-15	90	49	accrual	accrual	ADJ
gujaf-15	90	50	and	and	CCONJ
gujaf-15	90	51	surplus	surplus	ADJ
gujaf-15	90	52	free	free	ADJ
gujaf-15	90	53	cash	cash	NOUN
gujaf-15	90	54	flow	flow	NOUN
gujaf-15	90	55	.	.	PUNCT
gujaf-15	91	1	the	the	DET
gujaf-15	91	2	existence	existence	NOUN
gujaf-15	91	3	of	of	ADP
gujaf-15	91	4	institutional	institutional	ADJ
gujaf-15	91	5	investors	investor	NOUN
gujaf-15	91	6	with	with	ADP
gujaf-15	91	7	sizeable	sizeable	ADJ
gujaf-15	91	8	number	number	NOUN
gujaf-15	91	9	of	of	ADP
gujaf-15	91	10	shareholdings	shareholding	NOUN
gujaf-15	91	11	prevent	prevent	VERB
gujaf-15	91	12	managers	manager	NOUN
gujaf-15	91	13	from	from	ADP
gujaf-15	91	14	undertaking	undertake	VERB
gujaf-15	91	15	in	in	ADP
gujaf-15	91	16	income	income	NOUN
gujaf-15	91	17	growing	grow	VERB
gujaf-15	91	18	discretionary	discretionary	ADJ
gujaf-15	91	19	accruals	accrual	NOUN
gujaf-15	91	20	when	when	SCONJ
gujaf-15	91	21	companies	company	NOUN
gujaf-15	91	22	are	be	AUX
gujaf-15	91	23	having	have	VERB
gujaf-15	91	24	excess	excess	ADJ
gujaf-15	91	25	free	free	ADJ
gujaf-15	91	26	cash	cash	NOUN
gujaf-15	91	27	flow	flow	NOUN
gujaf-15	91	28	,	,	PUNCT
gujaf-15	91	29	nonetheless	nonetheless	ADV
gujaf-15	91	30	,	,	PUNCT
gujaf-15	91	31	in	in	ADP
gujaf-15	91	32	the	the	DET
gujaf-15	91	33	absence	absence	NOUN
gujaf-15	91	34	of	of	ADP
gujaf-15	91	35	free	free	ADJ
gujaf-15	91	36	cash	cash	NOUN
gujaf-15	91	37	flow	flow	NOUN
gujaf-15	91	38	agency	agency	NOUN
gujaf-15	91	39	problems	problem	NOUN
gujaf-15	91	40	,	,	PUNCT
gujaf-15	91	41	the	the	DET
gujaf-15	91	42	institutional	institutional	ADJ
gujaf-15	91	43	investors	investor	NOUN
gujaf-15	91	44	do	do	AUX
gujaf-15	91	45	not	not	PART
gujaf-15	91	46	constructively	constructively	ADV
gujaf-15	91	47	compel	compel	VERB
gujaf-15	91	48	the	the	DET
gujaf-15	91	49	management	management	NOUN
gujaf-15	91	50	’s	’s	PART
gujaf-15	91	51	utilization	utilization	NOUN
gujaf-15	91	52	of	of	ADP
gujaf-15	91	53	earnings	earning	NOUN
gujaf-15	91	54	increasing	increase	VERB
gujaf-15	91	55	discretionary	discretionary	ADJ
gujaf-15	91	56	accrual	accrual	ADJ
gujaf-15	91	57	.	.	PUNCT
gujaf-15	92	1	also	also	ADV
gujaf-15	92	2	,	,	PUNCT
gujaf-15	92	3	lauterbach	lauterbach	NOUN
gujaf-15	92	4	and	and	CCONJ
gujaf-15	92	5	tolkowsky	tolkowsky	ADJ
gujaf-15	92	6	(	(	PUNCT
gujaf-15	92	7	2004	2004	NUM
gujaf-15	92	8	)	)	PUNCT
gujaf-15	92	9	discover	discover	VERB
gujaf-15	92	10	taking	take	VERB
gujaf-15	92	11	144	144	NUM
gujaf-15	92	12	firms	firm	NOUN
gujaf-15	92	13	as	as	ADP
gujaf-15	92	14	sample	sample	NOUN
gujaf-15	92	15	in	in	ADP
gujaf-15	92	16	israel	israel	PROPN
gujaf-15	92	17	,	,	PUNCT
gujaf-15	92	18	that	that	DET
gujaf-15	92	19	tobin	tobin	NOUN
gujaf-15	92	20	's	's	PART
gujaf-15	92	21	q	q	NOUN
gujaf-15	92	22	is	be	AUX
gujaf-15	92	23	optimized	optimize	VERB
gujaf-15	92	24	the	the	DET
gujaf-15	92	25	moment	moment	NOUN
gujaf-15	92	26	votes	vote	NOUN
gujaf-15	92	27	of	of	ADP
gujaf-15	92	28	control	control	NOUN
gujaf-15	92	29	group	group	NOUN
gujaf-15	92	30	reaches	reach	VERB
gujaf-15	92	31	67	67	NUM
gujaf-15	92	32	%	%	NOUN
gujaf-15	92	33	.	.	PUNCT
gujaf-15	93	1	this	this	DET
gujaf-15	93	2	proof	proof	NOUN
gujaf-15	93	3	holds	hold	VERB
gujaf-15	93	4	water	water	NOUN
gujaf-15	93	5	when	when	SCONJ
gujaf-15	93	6	ownership	ownership	NOUN
gujaf-15	93	7	structure	structure	NOUN
gujaf-15	93	8	is	be	AUX
gujaf-15	93	9	regarded	regard	VERB
gujaf-15	93	10	as	as	ADP
gujaf-15	93	11	exogenous	exogenous	ADJ
gujaf-15	93	12	and	and	CCONJ
gujaf-15	93	13	feeble	feeble	ADJ
gujaf-15	93	14	when	when	SCONJ
gujaf-15	93	15	it	it	PRON
gujaf-15	93	16	is	be	AUX
gujaf-15	93	17	regarded	regard	VERB
gujaf-15	93	18	endogenous	endogenous	ADJ
gujaf-15	93	19	.	.	PUNCT
gujaf-15	94	1	kaserer	kaserer	NOUN
gujaf-15	94	2	and	and	CCONJ
gujaf-15	94	3	moldenhauer	moldenhauer	NOUN
gujaf-15	94	4	(	(	PUNCT
gujaf-15	94	5	2005	2005	NUM
gujaf-15	94	6	)	)	PUNCT
gujaf-15	94	7	examine	examine	VERB
gujaf-15	94	8	the	the	DET
gujaf-15	94	9	existence	existence	NOUN
gujaf-15	94	10	of	of	ADP
gujaf-15	94	11	correlation	correlation	NOUN
gujaf-15	94	12	between	between	ADP
gujaf-15	94	13	performance	performance	NOUN
gujaf-15	94	14	of	of	ADP
gujaf-15	94	15	firms	firm	NOUN
gujaf-15	94	16	and	and	CCONJ
gujaf-15	94	17	insider	insider	NOUN
gujaf-15	94	18	ownership	ownership	NOUN
gujaf-15	94	19	.	.	PUNCT
gujaf-15	95	1	the	the	DET
gujaf-15	95	2	work	work	NOUN
gujaf-15	95	3	studies	study	NOUN
gujaf-15	95	4	in	in	ADP
gujaf-15	95	5	2003	2003	NUM
gujaf-15	95	6	a	a	DET
gujaf-15	95	7	data	datum	NOUN
gujaf-15	95	8	of	of	ADP
gujaf-15	95	9	245	245	NUM
gujaf-15	95	10	firms	firm	NOUN
gujaf-15	95	11	in	in	ADP
gujaf-15	95	12	germany	germany	PROPN
gujaf-15	95	13	where	where	SCONJ
gujaf-15	95	14	they	they	PRON
gujaf-15	95	15	established	establish	VERB
gujaf-15	95	16	a	a	DET
gujaf-15	95	17	significant	significant	ADJ
gujaf-15	95	18	positive	positive	ADJ
gujaf-15	95	19	relationship	relationship	NOUN
gujaf-15	95	20	between	between	ADP
gujaf-15	95	21	firm	firm	ADJ
gujaf-15	95	22	performance	performance	NOUN
gujaf-15	95	23	,	,	PUNCT
gujaf-15	95	24	as	as	SCONJ
gujaf-15	95	25	gauged	gauge	VERB
gujaf-15	95	26	by	by	ADP
gujaf-15	95	27	performance	performance	NOUN
gujaf-15	95	28	of	of	ADP
gujaf-15	95	29	stock	stock	NOUN
gujaf-15	95	30	price	price	NOUN
gujaf-15	95	31	in	in	ADP
gujaf-15	95	32	relation	relation	NOUN
gujaf-15	95	33	to	to	ADP
gujaf-15	95	34	insider	insider	NOUN
gujaf-15	95	35	ownership	ownership	NOUN
gujaf-15	95	36	and	and	CCONJ
gujaf-15	95	37	tobin	tobin	NOUN
gujaf-15	95	38	’s	’s	PART
gujaf-15	95	39	q.	q.	PROPN
gujaf-15	95	40	in	in	ADP
gujaf-15	95	41	germany	germany	PROPN
gujaf-15	95	42	also	also	ADV
gujaf-15	95	43	,	,	PUNCT
gujaf-15	95	44	mueller	mueller	PROPN
gujaf-15	95	45	and	and	CCONJ
gujaf-15	95	46	spitz	spitz	PROPN
gujaf-15	95	47	(	(	PUNCT
gujaf-15	95	48	2006	2006	NUM
gujaf-15	95	49	)	)	PUNCT
gujaf-15	95	50	find	find	VERB
gujaf-15	95	51	the	the	DET
gujaf-15	95	52	impact	impact	NOUN
gujaf-15	95	53	of	of	ADP
gujaf-15	95	54	managerial	managerial	ADJ
gujaf-15	95	55	ownership	ownership	NOUN
gujaf-15	95	56	on	on	ADP
gujaf-15	95	57	financial	financial	ADJ
gujaf-15	95	58	outlook	outlook	NOUN
gujaf-15	95	59	of	of	ADP
gujaf-15	95	60	small	small	ADJ
gujaf-15	95	61	and	and	CCONJ
gujaf-15	95	62	medium	medium	ADJ
gujaf-15	95	63	enterprises	enterprise	NOUN
gujaf-15	95	64	with	with	ADP
gujaf-15	95	65	motivational	motivational	ADJ
gujaf-15	95	66	hypothesis	hypothesis	NOUN
gujaf-15	95	67	testing	testing	NOUN
gujaf-15	95	68	,	,	PUNCT
gujaf-15	95	69	in	in	ADP
gujaf-15	95	70	the	the	DET
gujaf-15	95	71	study	study	NOUN
gujaf-15	95	72	.	.	PUNCT
gujaf-15	96	1	for	for	ADP
gujaf-15	96	2	the	the	DET
gujaf-15	96	3	period	period	NOUN
gujaf-15	96	4	1997	1997	NUM
gujaf-15	96	5	to	to	ADP
gujaf-15	96	6	2000	2000	NUM
gujaf-15	96	7	,	,	PUNCT
gujaf-15	96	8	a	a	DET
gujaf-15	96	9	sample	sample	NOUN
gujaf-15	96	10	data	datum	NOUN
gujaf-15	96	11	of	of	ADP
gujaf-15	96	12	356	356	NUM
gujaf-15	96	13	firms	firm	NOUN
gujaf-15	96	14	was	be	AUX
gujaf-15	96	15	examined	examine	VERB
gujaf-15	96	16	in	in	ADP
gujaf-15	96	17	services	service	NOUN
gujaf-15	96	18	industry	industry	NOUN
gujaf-15	96	19	that	that	PRON
gujaf-15	96	20	have	have	AUX
gujaf-15	96	21	link	link	VERB
gujaf-15	96	22	with	with	ADP
gujaf-15	96	23	business	business	NOUN
gujaf-15	96	24	-	-	PUNCT
gujaf-15	96	25	oriented	orient	VERB
gujaf-15	96	26	research	research	NOUN
gujaf-15	96	27	.	.	PUNCT
gujaf-15	97	1	the	the	DET
gujaf-15	97	2	study	study	NOUN
gujaf-15	97	3	finds	find	VERB
gujaf-15	97	4	a	a	DET
gujaf-15	97	5	positive	positive	ADJ
gujaf-15	97	6	impact	impact	NOUN
gujaf-15	97	7	on	on	ADP
gujaf-15	97	8	performance	performance	NOUN
gujaf-15	97	9	of	of	ADP
gujaf-15	97	10	firms	firm	NOUN
gujaf-15	97	11	with	with	ADP
gujaf-15	97	12	managerial	managerial	ADJ
gujaf-15	97	13	ownership	ownership	NOUN
gujaf-15	97	14	rate	rate	NOUN
gujaf-15	97	15	,	,	PUNCT
gujaf-15	97	16	above	above	ADP
gujaf-15	97	17	40	40	NUM
gujaf-15	97	18	percent	percent	NOUN
gujaf-15	97	19	.	.	PUNCT
gujaf-15	98	1	cornett	cornett	PROPN
gujaf-15	98	2	et	et	PROPN
gujaf-15	98	3	al	al	PROPN
gujaf-15	98	4	(	(	PUNCT
gujaf-15	98	5	2007	2007	NUM
gujaf-15	98	6	)	)	PUNCT
gujaf-15	98	7	in	in	ADP
gujaf-15	98	8	their	their	PRON
gujaf-15	98	9	study	study	NOUN
gujaf-15	98	10	examined	examine	VERB
gujaf-15	98	11	the	the	DET
gujaf-15	98	12	impact	impact	NOUN
gujaf-15	98	13	of	of	ADP
gujaf-15	98	14	institutional	institutional	ADJ
gujaf-15	98	15	shareholders	shareholder	NOUN
gujaf-15	98	16	on	on	ADP
gujaf-15	98	17	performance	performance	NOUN
gujaf-15	98	18	using	use	VERB
gujaf-15	98	19	the	the	DET
gujaf-15	98	20	rate	rate	NOUN
gujaf-15	98	21	of	of	ADP
gujaf-15	98	22	operating	operating	NOUN
gujaf-15	98	23	cashflow	cashflow	NOUN
gujaf-15	98	24	as	as	ADP
gujaf-15	98	25	a	a	DET
gujaf-15	98	26	yardstick	yardstick	NOUN
gujaf-15	98	27	of	of	ADP
gujaf-15	98	28	performance	performance	NOUN
gujaf-15	98	29	big	big	ADJ
gujaf-15	98	30	firms	firm	NOUN
gujaf-15	98	31	.	.	PUNCT
gujaf-15	99	1	the	the	DET
gujaf-15	99	2	study	study	NOUN
gujaf-15	99	3	established	establish	VERB
gujaf-15	99	4	a	a	DET
gujaf-15	99	5	positive	positive	ADJ
gujaf-15	99	6	significant	significant	ADJ
gujaf-15	99	7	impact	impact	NOUN
gujaf-15	99	8	on	on	ADP
gujaf-15	99	9	the	the	DET
gujaf-15	99	10	ratio	ratio	NOUN
gujaf-15	99	11	of	of	ADP
gujaf-15	99	12	operating	operate	VERB
gujaf-15	99	13	cash	cash	NOUN
gujaf-15	99	14	flow	flow	NOUN
gujaf-15	99	15	to	to	ADP
gujaf-15	99	16	sales	sale	NOUN
gujaf-15	99	17	as	as	ADP
gujaf-15	99	18	a	a	DET
gujaf-15	99	19	measure	measure	NOUN
gujaf-15	99	20	of	of	ADP
gujaf-15	99	21	performance	performance	NOUN
gujaf-15	99	22	by	by	ADP
gujaf-15	99	23	the	the	DET
gujaf-15	99	24	level	level	NOUN
gujaf-15	99	25	of	of	ADP
gujaf-15	99	26	institutional	institutional	ADJ
gujaf-15	99	27	shareholders	shareholder	NOUN
gujaf-15	99	28	.	.	PUNCT
gujaf-15	100	1	karami	karami	PROPN
gujaf-15	100	2	(	(	PUNCT
gujaf-15	100	3	2008	2008	NUM
gujaf-15	100	4	)	)	PUNCT
gujaf-15	100	5	examined	examine	VERB
gujaf-15	100	6	the	the	DET
gujaf-15	100	7	impact	impact	NOUN
gujaf-15	100	8	of	of	ADP
gujaf-15	100	9	institutional	institutional	ADJ
gujaf-15	100	10	ownership	ownership	NOUN
gujaf-15	100	11	on	on	ADP
gujaf-15	100	12	informational	informational	ADJ
gujaf-15	100	13	content	content	NOUN
gujaf-15	100	14	of	of	ADP
gujaf-15	100	15	profit	profit	NOUN
gujaf-15	100	16	.	.	PUNCT
gujaf-15	101	1	his	his	PRON
gujaf-15	101	2	study	study	NOUN
gujaf-15	101	3	assessed	assess	VERB
gujaf-15	101	4	and	and	CCONJ
gujaf-15	101	5	gathered	gather	VERB
gujaf-15	101	6	date	date	NOUN
gujaf-15	101	7	in	in	ADP
gujaf-15	101	8	respect	respect	NOUN
gujaf-15	101	9	of	of	ADP
gujaf-15	101	10	supervisory	supervisory	ADJ
gujaf-15	101	11	role	role	NOUN
gujaf-15	101	12	of	of	ADP
gujaf-15	101	13	institutional	institutional	ADJ
gujaf-15	101	14	investors	investor	NOUN
gujaf-15	101	15	from	from	ADP
gujaf-15	101	16	the	the	DET
gujaf-15	101	17	view	view	NOUN
gujaf-15	101	18	point	point	NOUN
gujaf-15	101	19	of	of	ADP
gujaf-15	101	20	how	how	SCONJ
gujaf-15	101	21	much	much	ADJ
gujaf-15	101	22	can	can	AUX
gujaf-15	101	23	the	the	DET
gujaf-15	101	24	informational	informational	ADJ
gujaf-15	101	25	content	content	NOUN
gujaf-15	101	26	of	of	ADP
gujaf-15	101	27	reported	report	VERB
gujaf-15	101	28	earnings	earning	NOUN
gujaf-15	101	29	be	be	AUX
gujaf-15	101	30	caused	cause	VERB
gujaf-15	101	31	by	by	ADP
gujaf-15	101	32	institutional	institutional	ADJ
gujaf-15	101	33	ownership	ownership	NOUN
gujaf-15	101	34	.	.	PUNCT
gujaf-15	102	1	in	in	ADP
gujaf-15	102	2	this	this	DET
gujaf-15	102	3	research	research	NOUN
gujaf-15	102	4	,	,	PUNCT
gujaf-15	102	5	the	the	DET
gujaf-15	102	6	different	different	ADJ
gujaf-15	102	7	were	be	AUX
gujaf-15	102	8	assessed	assess	VERB
gujaf-15	102	9	regarding	regard	VERB
gujaf-15	102	10	institutional	institutional	ADJ
gujaf-15	102	11	owners	owner	NOUN
gujaf-15	102	12	.	.	PUNCT
gujaf-15	103	1	in	in	ADP
gujaf-15	103	2	an	an	DET
gujaf-15	103	3	attempt	attempt	NOUN
gujaf-15	103	4	examine	examine	VERB
gujaf-15	103	5	the	the	DET
gujaf-15	103	6	impact	impact	NOUN
gujaf-15	103	7	of	of	ADP
gujaf-15	103	8	institutional	institutional	ADJ
gujaf-15	103	9	ownership	ownership	NOUN
gujaf-15	103	10	on	on	ADP
gujaf-15	103	11	informational	informational	ADJ
gujaf-15	103	12	content	content	NOUN
gujaf-15	103	13	firm	firm	NOUN
gujaf-15	103	14	profit	profit	NOUN
gujaf-15	103	15	two	two	NUM
gujaf-15	103	16	models	model	NOUN
gujaf-15	103	17	of	of	ADP
gujaf-15	103	18	multiple	multiple	ADJ
gujaf-15	103	19	linear	linear	ADJ
gujaf-15	103	20	regression	regression	NOUN
gujaf-15	103	21	were	be	AUX
gujaf-15	103	22	employed	employ	VERB
gujaf-15	103	23	.	.	PUNCT
gujaf-15	104	1	from	from	ADP
gujaf-15	104	2	the	the	DET
gujaf-15	104	3	outcome	outcome	NOUN
gujaf-15	104	4	of	of	ADP
gujaf-15	104	5	date	date	NOUN
gujaf-15	104	6	examined	examine	VERB
gujaf-15	104	7	from	from	ADP
gujaf-15	104	8	of	of	ADP
gujaf-15	104	9	this	this	DET
gujaf-15	104	10	study	study	NOUN
gujaf-15	104	11	,	,	PUNCT
gujaf-15	104	12	the	the	DET
gujaf-15	104	13	rate	rate	NOUN
gujaf-15	104	14	of	of	ADP
gujaf-15	104	15	ownership	ownership	NOUN
gujaf-15	104	16	held	hold	VERB
gujaf-15	104	17	by	by	ADP
gujaf-15	104	18	institutions	institution	NOUN
gujaf-15	104	19	reduce	reduce	VERB
gujaf-15	104	20	the	the	DET
gujaf-15	104	21	information	information	NOUN
gujaf-15	104	22	content	content	NOUN
gujaf-15	104	23	of	of	ADP
gujaf-15	104	24	the	the	DET
gujaf-15	104	25	reported	report	VERB
gujaf-15	104	26	returns	return	NOUN
gujaf-15	104	27	on	on	ADP
gujaf-15	104	28	profit	profit	NOUN
gujaf-15	104	29	,	,	PUNCT
gujaf-15	104	30	thus	thus	ADV
gujaf-15	104	31	the	the	DET
gujaf-15	104	32	gujaf	gujaf	NOUN
gujaf-15	104	33	:	:	PUNCT
gujaf-15	104	34	gusau	gusau	PROPN
gujaf-15	104	35	journal	journal	NOUN
gujaf-15	104	36	of	of	ADP
gujaf-15	104	37	accounting	accounting	NOUN
gujaf-15	104	38	and	and	CCONJ
gujaf-15	104	39	finance	finance	NOUN
gujaf-15	104	40	,	,	PUNCT
gujaf-15	104	41	vol	vol	NOUN
gujaf-15	104	42	.	.	PUNCT
gujaf-15	105	1	i	i	PRON
gujaf-15	105	2	,	,	PUNCT
gujaf-15	105	3	issue	issue	NOUN
gujaf-15	105	4	1	1	NUM
gujaf-15	105	5	,	,	PUNCT
gujaf-15	105	6	april	april	PROPN
gujaf-15	105	7	,	,	PUNCT
gujaf-15	105	8	2020	2020	NUM
gujaf-15	105	9	issn	issn	VERB
gujaf-15	105	10	2756	2756	NUM
gujaf-15	105	11	-	-	PUNCT
gujaf-15	105	12	665x	665x	NOUN
gujaf-15	105	13	8	8	NUM
gujaf-15	105	14	rate	rate	NOUN
gujaf-15	105	15	of	of	ADP
gujaf-15	105	16	information	information	NOUN
gujaf-15	105	17	of	of	ADP
gujaf-15	105	18	profit	profit	NOUN
gujaf-15	105	19	is	be	AUX
gujaf-15	105	20	increased	increase	VERB
gujaf-15	105	21	by	by	ADP
gujaf-15	105	22	the	the	DET
gujaf-15	105	23	extent	extent	NOUN
gujaf-15	105	24	of	of	ADP
gujaf-15	105	25	institutional	institutional	ADJ
gujaf-15	105	26	ownership	ownership	NOUN
gujaf-15	105	27	structure	structure	NOUN
gujaf-15	105	28	on	on	ADP
gujaf-15	105	29	one	one	NUM
gujaf-15	105	30	hand	hand	NOUN
gujaf-15	105	31	.	.	PUNCT
gujaf-15	106	1	numazu	numazu	PROPN
gujaf-15	106	2	and	and	CCONJ
gujaf-15	106	3	kerman	kerman	PROPN
gujaf-15	106	4	(	(	PUNCT
gujaf-15	106	5	2008	2008	NUM
gujaf-15	106	6	)	)	PUNCT
gujaf-15	106	7	examined	examine	VERB
gujaf-15	106	8	the	the	DET
gujaf-15	106	9	relationship	relationship	NOUN
gujaf-15	106	10	between	between	ADP
gujaf-15	106	11	ownership	ownership	NOUN
gujaf-15	106	12	structure	structure	NOUN
gujaf-15	106	13	and	and	CCONJ
gujaf-15	106	14	performance	performance	NOUN
gujaf-15	106	15	of	of	ADP
gujaf-15	106	16	companied	companie	VERB
gujaf-15	106	17	listed	list	VERB
gujaf-15	106	18	on	on	ADP
gujaf-15	106	19	stock	stock	NOUN
gujaf-15	106	20	exchange	exchange	NOUN
gujaf-15	106	21	in	in	ADP
gujaf-15	106	22	tehran	tehran	PROPN
gujaf-15	106	23	.	.	PUNCT
gujaf-15	107	1	the	the	DET
gujaf-15	107	2	major	major	ADJ
gujaf-15	107	3	theorem	theorem	NOUN
gujaf-15	107	4	of	of	ADP
gujaf-15	107	5	the	the	DET
gujaf-15	107	6	studied	study	VERB
gujaf-15	107	7	laid	lay	VERB
gujaf-15	107	8	emphasis	emphasis	NOUN
gujaf-15	107	9	on	on	ADP
gujaf-15	107	10	impact	impact	NOUN
gujaf-15	107	11	of	of	ADP
gujaf-15	107	12	ownership	ownership	NOUN
gujaf-15	107	13	structure	structure	NOUN
gujaf-15	107	14	on	on	ADP
gujaf-15	107	15	performance	performance	NOUN
gujaf-15	107	16	of	of	ADP
gujaf-15	107	17	the	the	DET
gujaf-15	107	18	studied	study	VERB
gujaf-15	107	19	companies	company	NOUN
gujaf-15	107	20	.	.	PUNCT
gujaf-15	108	1	panel	panel	NOUN
gujaf-15	108	2	data	datum	NOUN
gujaf-15	108	3	was	be	AUX
gujaf-15	108	4	examined	examine	VERB
gujaf-15	108	5	to	to	PART
gujaf-15	108	6	assess	assess	VERB
gujaf-15	108	7	the	the	DET
gujaf-15	108	8	evidence	evidence	NOUN
gujaf-15	108	9	.	.	PUNCT
gujaf-15	109	1	they	they	PRON
gujaf-15	109	2	separated	separate	VERB
gujaf-15	109	3	ownership	ownership	NOUN
gujaf-15	109	4	structure	structure	NOUN
gujaf-15	109	5	institutional	institutional	ADJ
gujaf-15	109	6	and	and	CCONJ
gujaf-15	109	7	private	private	ADJ
gujaf-15	109	8	as	as	ADP
gujaf-15	109	9	two	two	NUM
gujaf-15	109	10	different	different	ADJ
gujaf-15	109	11	classes	class	NOUN
gujaf-15	109	12	of	of	ADP
gujaf-15	109	13	ownership	ownership	NOUN
gujaf-15	109	14	where	where	SCONJ
gujaf-15	109	15	the	the	DET
gujaf-15	109	16	private	private	ADJ
gujaf-15	109	17	ownership	ownership	NOUN
gujaf-15	109	18	is	be	AUX
gujaf-15	109	19	further	far	ADV
gujaf-15	109	20	slatted	slat	VERB
gujaf-15	109	21	into	into	ADP
gujaf-15	109	22	three	three	NUM
gujaf-15	109	23	classes	class	NOUN
gujaf-15	109	24	which	which	PRON
gujaf-15	109	25	managerial	managerial	ADJ
gujaf-15	109	26	,	,	PUNCT
gujaf-15	109	27	corporate	corporate	ADJ
gujaf-15	109	28	and	and	CCONJ
gujaf-15	109	29	outsider	outsider	NOUN
gujaf-15	109	30	ownership	ownership	NOUN
gujaf-15	109	31	.	.	PUNCT
gujaf-15	110	1	results	result	NOUN
gujaf-15	110	2	from	from	ADP
gujaf-15	110	3	this	this	DET
gujaf-15	110	4	work	work	NOUN
gujaf-15	110	5	show	show	VERB
gujaf-15	110	6	that	that	SCONJ
gujaf-15	110	7	there	there	PRON
gujaf-15	110	8	is	be	VERB
gujaf-15	110	9	no	no	DET
gujaf-15	110	10	positive	positive	ADJ
gujaf-15	110	11	relation	relation	NOUN
gujaf-15	110	12	between	between	ADP
gujaf-15	110	13	institutional	institutional	ADJ
gujaf-15	110	14	ownership	ownership	NOUN
gujaf-15	110	15	and	and	CCONJ
gujaf-15	110	16	firm	firm	ADJ
gujaf-15	110	17	performance	performance	NOUN
gujaf-15	110	18	on	on	ADP
gujaf-15	110	19	one	one	NUM
gujaf-15	110	20	hand	hand	NOUN
gujaf-15	110	21	and	and	CCONJ
gujaf-15	110	22	significantly	significantly	ADV
gujaf-15	110	23	positive	positive	ADJ
gujaf-15	110	24	relationship	relationship	NOUN
gujaf-15	110	25	between	between	ADP
gujaf-15	110	26	the	the	DET
gujaf-15	110	27	companies	company	NOUN
gujaf-15	110	28	’	’	PART
gujaf-15	110	29	performance	performance	NOUN
gujaf-15	110	30	and	and	CCONJ
gujaf-15	110	31	ownership	ownership	NOUN
gujaf-15	110	32	structure	structure	NOUN
gujaf-15	110	33	.	.	PUNCT
gujaf-15	111	1	it	it	PRON
gujaf-15	111	2	further	far	ADV
gujaf-15	111	3	shows	show	VERB
gujaf-15	111	4	a	a	DET
gujaf-15	111	5	negative	negative	ADJ
gujaf-15	111	6	impact	impact	NOUN
gujaf-15	111	7	on	on	ADP
gujaf-15	111	8	the	the	DET
gujaf-15	111	9	level	level	NOUN
gujaf-15	111	10	of	of	ADP
gujaf-15	111	11	performance	performance	NOUN
gujaf-15	111	12	by	by	ADP
gujaf-15	111	13	the	the	DET
gujaf-15	111	14	managerial	managerial	ADJ
gujaf-15	111	15	shareholding	shareholding	NOUN
gujaf-15	111	16	in	in	ADP
gujaf-15	111	17	respect	respect	NOUN
gujaf-15	111	18	of	of	ADP
gujaf-15	111	19	private	private	ADJ
gujaf-15	111	20	ownership	ownership	NOUN
gujaf-15	111	21	.	.	PUNCT
gujaf-15	112	1	from	from	ADP
gujaf-15	112	2	the	the	DET
gujaf-15	112	3	sample	sample	NOUN
gujaf-15	112	4	of	of	ADP
gujaf-15	112	5	companies	company	NOUN
gujaf-15	112	6	,	,	PUNCT
gujaf-15	112	7	they	they	PRON
gujaf-15	112	8	studied	study	VERB
gujaf-15	112	9	,	,	PUNCT
gujaf-15	112	10	there	there	PRON
gujaf-15	112	11	was	be	VERB
gujaf-15	112	12	no	no	DET
gujaf-15	112	13	empirical	empirical	ADJ
gujaf-15	112	14	data	datum	NOUN
gujaf-15	112	15	showing	show	VERB
gujaf-15	112	16	the	the	DET
gujaf-15	112	17	impact	impact	NOUN
gujaf-15	112	18	outsider	outsider	NOUN
gujaf-15	112	19	investors	investor	NOUN
gujaf-15	112	20	.	.	PUNCT
gujaf-15	113	1	the	the	DET
gujaf-15	113	2	34	34	NUM
gujaf-15	113	3	investors	investor	NOUN
gujaf-15	113	4	in	in	ADP
gujaf-15	113	5	the	the	DET
gujaf-15	113	6	private	private	ADJ
gujaf-15	113	7	ownership	ownership	NOUN
gujaf-15	113	8	on	on	ADP
gujaf-15	113	9	the	the	DET
gujaf-15	113	10	other	other	ADJ
gujaf-15	113	11	hand	hand	NOUN
gujaf-15	113	12	proved	prove	VERB
gujaf-15	113	13	more	more	ADV
gujaf-15	113	14	meaningful	meaningful	ADJ
gujaf-15	113	15	corporate	corporate	ADJ
gujaf-15	113	16	investors	investor	NOUN
gujaf-15	113	17	possessing	possess	VERB
gujaf-15	113	18	the	the	DET
gujaf-15	113	19	major	major	ADJ
gujaf-15	113	20	ownership	ownership	NOUN
gujaf-15	113	21	in	in	ADP
gujaf-15	113	22	the	the	DET
gujaf-15	113	23	companies	company	NOUN
gujaf-15	113	24	.	.	PUNCT
gujaf-15	114	1	the	the	DET
gujaf-15	114	2	study	study	NOUN
gujaf-15	114	3	indicated	indicate	VERB
gujaf-15	114	4	majorly	majorly	ADV
gujaf-15	114	5	that	that	SCONJ
gujaf-15	114	6	the	the	DET
gujaf-15	114	7	ownership	ownership	NOUN
gujaf-15	114	8	structure	structure	NOUN
gujaf-15	114	9	and	and	CCONJ
gujaf-15	114	10	performance	performance	NOUN
gujaf-15	114	11	of	of	ADP
gujaf-15	114	12	the	the	DET
gujaf-15	114	13	companies	company	NOUN
gujaf-15	114	14	have	have	VERB
gujaf-15	114	15	a	a	DET
gujaf-15	114	16	significant	significant	ADJ
gujaf-15	114	17	relation	relation	NOUN
gujaf-15	114	18	.	.	PUNCT
gujaf-15	115	1	ahmadpour	ahmadpour	NOUN
gujaf-15	115	2	and	and	CCONJ
gujaf-15	115	3	krdtbar	krdtbar	PROPN
gujaf-15	115	4	(	(	PUNCT
gujaf-15	115	5	2008	2008	NUM
gujaf-15	115	6	)	)	PUNCT
gujaf-15	115	7	investigate	investigate	VERB
gujaf-15	115	8	the	the	DET
gujaf-15	115	9	level	level	NOUN
gujaf-15	115	10	of	of	ADP
gujaf-15	115	11	impact	impact	NOUN
gujaf-15	115	12	on	on	ADP
gujaf-15	115	13	behavior	behavior	NOUN
gujaf-15	115	14	of	of	ADP
gujaf-15	115	15	corporate	corporate	ADJ
gujaf-15	115	16	earnings	earning	NOUN
gujaf-15	115	17	management	management	NOUN
gujaf-15	115	18	examined	examine	VERB
gujaf-15	115	19	by	by	ADP
gujaf-15	115	20	the	the	DET
gujaf-15	115	21	role	role	NOUN
gujaf-15	115	22	of	of	ADP
gujaf-15	115	23	monitoring	monitor	VERB
gujaf-15	115	24	tools	tool	NOUN
gujaf-15	115	25	of	of	ADP
gujaf-15	115	26	corporate	corporate	ADJ
gujaf-15	115	27	governance	governance	NOUN
gujaf-15	115	28	in	in	ADP
gujaf-15	115	29	attitude	attitude	NOUN
gujaf-15	115	30	of	of	ADP
gujaf-15	115	31	corporate	corporate	ADJ
gujaf-15	115	32	earnings	earning	NOUN
gujaf-15	115	33	by	by	ADP
gujaf-15	115	34	management	management	NOUN
gujaf-15	115	35	inactive	inactive	ADJ
gujaf-15	115	36	members	member	NOUN
gujaf-15	115	37	of	of	ADP
gujaf-15	115	38	institutional	institutional	ADJ
gujaf-15	115	39	investors	investor	NOUN
gujaf-15	115	40	and	and	CCONJ
gujaf-15	115	41	that	that	PRON
gujaf-15	115	42	of	of	ADP
gujaf-15	115	43	board	board	NOUN
gujaf-15	115	44	of	of	ADP
gujaf-15	115	45	directors	director	NOUN
gujaf-15	115	46	.	.	PUNCT
gujaf-15	116	1	the	the	DET
gujaf-15	116	2	data	datum	NOUN
gujaf-15	116	3	indicated	indicate	VERB
gujaf-15	116	4	that	that	SCONJ
gujaf-15	116	5	institutional	institutional	ADJ
gujaf-15	116	6	shareholders	shareholder	NOUN
gujaf-15	116	7	and	and	CCONJ
gujaf-15	116	8	inactive	inactive	ADJ
gujaf-15	116	9	managers	manager	NOUN
gujaf-15	116	10	have	have	VERB
gujaf-15	116	11	no	no	DET
gujaf-15	116	12	meaningful	meaningful	ADJ
gujaf-15	116	13	part	part	NOUN
gujaf-15	116	14	to	to	PART
gujaf-15	116	15	lessen	lessen	VERB
gujaf-15	116	16	the	the	DET
gujaf-15	116	17	uncommon	uncommon	ADJ
gujaf-15	116	18	contractual	contractual	ADJ
gujaf-15	116	19	records	record	NOUN
gujaf-15	116	20	.	.	PUNCT
gujaf-15	117	1	sadeghi	sadeghi	PROPN
gujaf-15	117	2	sharif	sharif	PROPN
gujaf-15	117	3	and	and	CCONJ
gujaf-15	117	4	bahadori	bahadori	NOUN
gujaf-15	117	5	(	(	PUNCT
gujaf-15	117	6	2009	2009	NUM
gujaf-15	117	7	)	)	PUNCT
gujaf-15	117	8	study	study	VERB
gujaf-15	117	9	the	the	DET
gujaf-15	117	10	relationship	relationship	NOUN
gujaf-15	117	11	between	between	ADP
gujaf-15	117	12	dividend	dividend	NOUN
gujaf-15	117	13	pay	pay	NOUN
gujaf-15	117	14	-	-	PUNCT
gujaf-15	117	15	out	out	NOUN
gujaf-15	117	16	ratio	ratio	NOUN
gujaf-15	117	17	and	and	CCONJ
gujaf-15	117	18	ownership	ownership	NOUN
gujaf-15	117	19	structure	structure	NOUN
gujaf-15	117	20	of	of	ADP
gujaf-15	117	21	firms	firm	NOUN
gujaf-15	117	22	in	in	ADP
gujaf-15	117	23	tehran	tehran	PROPN
gujaf-15	117	24	listed	list	VERB
gujaf-15	117	25	on	on	ADP
gujaf-15	117	26	the	the	DET
gujaf-15	117	27	floor	floor	NOUN
gujaf-15	117	28	of	of	ADP
gujaf-15	117	29	stock	stock	NOUN
gujaf-15	117	30	exchange	exchange	NOUN
gujaf-15	117	31	.	.	PUNCT
gujaf-15	118	1	analyses	analysis	NOUN
gujaf-15	118	2	from	from	ADP
gujaf-15	118	3	the	the	DET
gujaf-15	118	4	study	study	NOUN
gujaf-15	118	5	indicate	indicate	VERB
gujaf-15	118	6	the	the	DET
gujaf-15	118	7	existence	existence	NOUN
gujaf-15	118	8	of	of	ADP
gujaf-15	118	9	a	a	DET
gujaf-15	118	10	positive	positive	ADJ
gujaf-15	118	11	influence	influence	NOUN
gujaf-15	118	12	on	on	ADP
gujaf-15	118	13	the	the	DET
gujaf-15	118	14	dividend	dividend	NOUN
gujaf-15	118	15	pay	pay	VERB
gujaf-15	118	16	-	-	PUNCT
gujaf-15	118	17	out	out	ADP
gujaf-15	118	18	ratio	ratio	NOUN
gujaf-15	118	19	(	(	PUNCT
gujaf-15	118	20	dpr	dpr	PROPN
gujaf-15	118	21	)	)	PUNCT
gujaf-15	118	22	by	by	ADP
gujaf-15	118	23	the	the	DET
gujaf-15	118	24	extent	extent	NOUN
gujaf-15	118	25	of	of	ADP
gujaf-15	118	26	the	the	DET
gujaf-15	118	27	ownership	ownership	NOUN
gujaf-15	118	28	of	of	ADP
gujaf-15	118	29	the	the	DET
gujaf-15	118	30	greatest	great	ADJ
gujaf-15	118	31	shareholder	shareholder	NOUN
gujaf-15	118	32	and	and	CCONJ
gujaf-15	118	33	also	also	ADV
gujaf-15	118	34	the	the	DET
gujaf-15	118	35	extent	extent	NOUN
gujaf-15	118	36	of	of	ADP
gujaf-15	118	37	ownership	ownership	NOUN
gujaf-15	118	38	of	of	ADP
gujaf-15	118	39	five	five	NUM
gujaf-15	118	40	greatest	great	ADJ
gujaf-15	118	41	shareholders	shareholder	NOUN
gujaf-15	118	42	of	of	ADP
gujaf-15	118	43	the	the	DET
gujaf-15	118	44	firm	firm	NOUN
gujaf-15	118	45	,	,	PUNCT
gujaf-15	118	46	i.e.	i.e.	X
gujaf-15	118	47	the	the	DET
gujaf-15	118	48	firms	firm	NOUN
gujaf-15	118	49	that	that	PRON
gujaf-15	118	50	have	have	VERB
gujaf-15	118	51	greater	great	ADJ
gujaf-15	118	52	level	level	NOUN
gujaf-15	118	53	of	of	ADP
gujaf-15	118	54	ownership	ownership	NOUN
gujaf-15	118	55	possessed	possess	VERB
gujaf-15	118	56	by	by	ADP
gujaf-15	118	57	a	a	DET
gujaf-15	118	58	shareholder	shareholder	NOUN
gujaf-15	118	59	or	or	CCONJ
gujaf-15	118	60	by	by	ADP
gujaf-15	118	61	its	its	PRON
gujaf-15	118	62	five	five	NUM
gujaf-15	118	63	greater	great	ADJ
gujaf-15	118	64	shareholders	shareholder	NOUN
gujaf-15	118	65	,	,	PUNCT
gujaf-15	118	66	have	have	AUX
gujaf-15	118	67	a	a	DET
gujaf-15	118	68	more	more	ADJ
gujaf-15	118	69	dpr	dpr	NOUN
gujaf-15	118	70	,	,	PUNCT
gujaf-15	118	71	in	in	ADP
gujaf-15	118	72	relation	relation	NOUN
gujaf-15	118	73	to	to	ADP
gujaf-15	118	74	the	the	DET
gujaf-15	118	75	companies	company	NOUN
gujaf-15	118	76	whose	whose	DET
gujaf-15	118	77	ownership	ownership	NOUN
gujaf-15	118	78	is	be	AUX
gujaf-15	118	79	dispersed	disperse	VERB
gujaf-15	118	80	and	and	CCONJ
gujaf-15	118	81	concentration	concentration	NOUN
gujaf-15	118	82	in	in	ADP
gujaf-15	118	83	ownership	ownership	NOUN
gujaf-15	118	84	expands	expand	VERB
gujaf-15	118	85	the	the	DET
gujaf-15	118	86	firm	firm	NOUN
gujaf-15	118	87	's	's	PART
gujaf-15	118	88	dpr	dpr	PROPN
gujaf-15	118	89	.	.	PUNCT
gujaf-15	119	1	also	also	ADV
gujaf-15	119	2	the	the	DET
gujaf-15	119	3	relevance	relevance	NOUN
gujaf-15	119	4	of	of	ADP
gujaf-15	119	5	being	be	AUX
gujaf-15	119	6	more	more	ADV
gujaf-15	119	7	institutional	institutional	ADJ
gujaf-15	119	8	ownership	ownership	NOUN
gujaf-15	119	9	in	in	ADP
gujaf-15	119	10	company	company	NOUN
gujaf-15	119	11	’s	’s	PART
gujaf-15	119	12	dpr	dpr	PROPN
gujaf-15	119	13	was	be	AUX
gujaf-15	119	14	proved	prove	VERB
gujaf-15	119	15	.	.	PUNCT
gujaf-15	120	1	hence	hence	ADV
gujaf-15	120	2	,	,	PUNCT
gujaf-15	120	3	at	at	ADP
gujaf-15	120	4	the	the	DET
gujaf-15	120	5	time	time	NOUN
gujaf-15	120	6	company	company	NOUN
gujaf-15	120	7	’s	’s	PART
gujaf-15	120	8	institutional	institutional	ADJ
gujaf-15	120	9	ownership	ownership	NOUN
gujaf-15	120	10	grows	grow	VERB
gujaf-15	120	11	it	it	PRON
gujaf-15	120	12	increases	increase	VERB
gujaf-15	120	13	dpr	dpr	PROPN
gujaf-15	120	14	.	.	PUNCT
gujaf-15	121	1	on	on	ADP
gujaf-15	121	2	the	the	DET
gujaf-15	121	3	contrary	contrary	NOUN
gujaf-15	121	4	,	,	PUNCT
gujaf-15	121	5	the	the	DET
gujaf-15	121	6	dpr	dpr	PROPN
gujaf-15	121	7	decreases	decrease	VERB
gujaf-15	121	8	when	when	SCONJ
gujaf-15	121	9	the	the	DET
gujaf-15	121	10	individual	individual	ADJ
gujaf-15	121	11	shareholders	shareholder	NOUN
gujaf-15	121	12	ownership	ownership	NOUN
gujaf-15	121	13	in	in	ADP
gujaf-15	121	14	a	a	DET
gujaf-15	121	15	company	company	NOUN
gujaf-15	121	16	grows	grow	VERB
gujaf-15	121	17	.	.	PUNCT
gujaf-15	122	1	gujaf	gujaf	NOUN
gujaf-15	122	2	:	:	PUNCT
gujaf-15	122	3	gusau	gusau	PROPN
gujaf-15	122	4	journal	journal	NOUN
gujaf-15	122	5	of	of	ADP
gujaf-15	122	6	accounting	accounting	NOUN
gujaf-15	122	7	and	and	CCONJ
gujaf-15	122	8	finance	finance	NOUN
gujaf-15	122	9	,	,	PUNCT
gujaf-15	122	10	vol	vol	NOUN
gujaf-15	122	11	.	.	PUNCT
gujaf-15	123	1	i	i	PRON
gujaf-15	123	2	,	,	PUNCT
gujaf-15	123	3	issue	issue	NOUN
gujaf-15	123	4	1	1	NUM
gujaf-15	123	5	,	,	PUNCT
gujaf-15	123	6	april	april	PROPN
gujaf-15	123	7	,	,	PUNCT
gujaf-15	123	8	2020	2020	NUM
gujaf-15	123	9	issn	issn	VERB
gujaf-15	123	10	2756	2756	NUM
gujaf-15	123	11	-	-	PUNCT
gujaf-15	123	12	665x	665x	NOUN
gujaf-15	123	13	9	9	NUM
gujaf-15	123	14	ezazi	ezazi	NOUN
gujaf-15	123	15	et	et	PROPN
gujaf-15	123	16	al	al	PROPN
gujaf-15	123	17	(	(	PUNCT
gujaf-15	123	18	2011	2011	NUM
gujaf-15	123	19	)	)	PUNCT
gujaf-15	123	20	analyzed	analyze	VERB
gujaf-15	123	21	impact	impact	NOUN
gujaf-15	123	22	on	on	ADP
gujaf-15	123	23	share	share	NOUN
gujaf-15	123	24	price	price	NOUN
gujaf-15	123	25	volatility	volatility	NOUN
gujaf-15	123	26	caused	cause	VERB
gujaf-15	123	27	by	by	ADP
gujaf-15	123	28	ownership	ownership	NOUN
gujaf-15	123	29	structure	structure	NOUN
gujaf-15	123	30	on	on	ADP
gujaf-15	123	31	in	in	ADP
gujaf-15	123	32	tehran	tehran	PROPN
gujaf-15	123	33	.	.	PUNCT
gujaf-15	124	1	the	the	DET
gujaf-15	124	2	results	result	NOUN
gujaf-15	124	3	of	of	ADP
gujaf-15	124	4	this	this	DET
gujaf-15	124	5	research	research	NOUN
gujaf-15	124	6	indicate	indicate	VERB
gujaf-15	124	7	that	that	SCONJ
gujaf-15	124	8	the	the	DET
gujaf-15	124	9	price	price	NOUN
gujaf-15	124	10	of	of	ADP
gujaf-15	124	11	shares	share	NOUN
gujaf-15	124	12	of	of	ADP
gujaf-15	124	13	the	the	DET
gujaf-15	124	14	companies	company	NOUN
gujaf-15	124	15	whose	whose	DET
gujaf-15	124	16	more	more	ADJ
gujaf-15	124	17	percentage	percentage	NOUN
gujaf-15	124	18	of	of	ADP
gujaf-15	124	19	shares	share	NOUN
gujaf-15	124	20	are	be	AUX
gujaf-15	124	21	held	hold	VERB
gujaf-15	124	22	by	by	ADP
gujaf-15	124	23	their	their	PRON
gujaf-15	124	24	greatest	great	ADJ
gujaf-15	124	25	shareholders	shareholder	NOUN
gujaf-15	124	26	may	may	AUX
gujaf-15	124	27	have	have	VERB
gujaf-15	124	28	more	more	ADJ
gujaf-15	124	29	volatility	volatility	NOUN
gujaf-15	124	30	and	and	CCONJ
gujaf-15	124	31	the	the	DET
gujaf-15	124	32	share	share	NOUN
gujaf-15	124	33	price	price	NOUN
gujaf-15	124	34	volatility	volatility	NOUN
gujaf-15	124	35	of	of	ADP
gujaf-15	124	36	the	the	DET
gujaf-15	124	37	companies	company	NOUN
gujaf-15	124	38	that	that	SCONJ
gujaf-15	124	39	the	the	DET
gujaf-15	124	40	more	more	ADJ
gujaf-15	124	41	percentage	percentage	NOUN
gujaf-15	124	42	of	of	ADP
gujaf-15	124	43	their	their	PRON
gujaf-15	124	44	shares	share	NOUN
gujaf-15	124	45	is	be	AUX
gujaf-15	124	46	hold	hold	VERB
gujaf-15	124	47	by	by	ADP
gujaf-15	124	48	individual	individual	ADJ
gujaf-15	124	49	shareholders	shareholder	NOUN
gujaf-15	124	50	is	be	AUX
gujaf-15	124	51	lower	low	ADJ
gujaf-15	124	52	.	.	PUNCT
gujaf-15	125	1	it	it	PRON
gujaf-15	125	2	needs	need	VERB
gujaf-15	125	3	to	to	PART
gujaf-15	125	4	be	be	AUX
gujaf-15	125	5	observed	observe	VERB
gujaf-15	125	6	that	that	SCONJ
gujaf-15	125	7	the	the	DET
gujaf-15	125	8	yardstick	yardstick	NOUN
gujaf-15	125	9	of	of	ADP
gujaf-15	125	10	members	member	NOUN
gujaf-15	125	11	of	of	ADP
gujaf-15	125	12	the	the	DET
gujaf-15	125	13	board	board	NOUN
gujaf-15	125	14	of	of	ADP
gujaf-15	125	15	directors	director	NOUN
gujaf-15	125	16	and	and	CCONJ
gujaf-15	125	17	institutional	institutional	ADJ
gujaf-15	125	18	shareholders	shareholder	NOUN
gujaf-15	125	19	and	and	CCONJ
gujaf-15	125	20	that	that	PRON
gujaf-15	125	21	of	of	ADP
gujaf-15	125	22	ownership	ownership	NOUN
gujaf-15	125	23	of	of	ADP
gujaf-15	125	24	five	five	NUM
gujaf-15	125	25	greater	great	ADJ
gujaf-15	125	26	shareholders	shareholder	NOUN
gujaf-15	125	27	might	might	AUX
gujaf-15	125	28	not	not	PART
gujaf-15	125	29	indicate	indicate	VERB
gujaf-15	125	30	any	any	DET
gujaf-15	125	31	reason	reason	NOUN
gujaf-15	125	32	for	for	ADP
gujaf-15	125	33	investors	investor	NOUN
gujaf-15	125	34	interested	interested	ADJ
gujaf-15	125	35	in	in	ADP
gujaf-15	125	36	share	share	NOUN
gujaf-15	125	37	price	price	NOUN
gujaf-15	125	38	volatility	volatility	NOUN
gujaf-15	125	39	.	.	PUNCT
gujaf-15	126	1	lee	lee	PROPN
gujaf-15	126	2	and	and	CCONJ
gujaf-15	126	3	shailer	shailer	PROPN
gujaf-15	126	4	(	(	PUNCT
gujaf-15	126	5	2008	2008	NUM
gujaf-15	126	6	)	)	PUNCT
gujaf-15	126	7	show	show	VERB
gujaf-15	126	8	that	that	SCONJ
gujaf-15	126	9	disclosure	disclosure	NOUN
gujaf-15	126	10	of	of	ADP
gujaf-15	126	11	corporate	corporate	ADJ
gujaf-15	126	12	governance	governance	NOUN
gujaf-15	126	13	information	information	NOUN
gujaf-15	126	14	might	might	AUX
gujaf-15	126	15	increase	increase	VERB
gujaf-15	126	16	independence	independence	NOUN
gujaf-15	126	17	of	of	ADP
gujaf-15	126	18	board	board	NOUN
gujaf-15	126	19	of	of	ADP
gujaf-15	126	20	directors	director	NOUN
gujaf-15	126	21	to	to	PART
gujaf-15	126	22	enhance	enhance	VERB
gujaf-15	126	23	the	the	DET
gujaf-15	126	24	role	role	NOUN
gujaf-15	126	25	of	of	ADP
gujaf-15	126	26	management	management	NOUN
gujaf-15	126	27	layer	layer	NOUN
gujaf-15	126	28	and	and	CCONJ
gujaf-15	126	29	board	board	NOUN
gujaf-15	126	30	of	of	ADP
gujaf-15	126	31	directors	director	NOUN
gujaf-15	126	32	and	and	CCONJ
gujaf-15	126	33	strengthen	strengthen	VERB
gujaf-15	126	34	the	the	DET
gujaf-15	126	35	integrity	integrity	NOUN
gujaf-15	126	36	of	of	ADP
gujaf-15	126	37	financial	financial	ADJ
gujaf-15	126	38	statement	statement	NOUN
gujaf-15	126	39	and	and	CCONJ
gujaf-15	126	40	in	in	ADP
gujaf-15	126	41	lead	lead	NOUN
gujaf-15	126	42	to	to	ADP
gujaf-15	126	43	an	an	DET
gujaf-15	126	44	increase	increase	NOUN
gujaf-15	126	45	in	in	ADP
gujaf-15	126	46	the	the	DET
gujaf-15	126	47	investors	investor	NOUN
gujaf-15	126	48	’	'	PUNCT
gujaf-15	126	49	confidence	confidence	NOUN
gujaf-15	126	50	.	.	PUNCT
gujaf-15	127	1	mcgraw	mcgraw	PROPN
gujaf-15	127	2	et	et	PROPN
gujaf-15	127	3	al	al	PROPN
gujaf-15	127	4	.	.	PROPN
gujaf-15	128	1	(	(	PUNCT
gujaf-15	128	2	2010	2010	NUM
gujaf-15	128	3	)	)	PUNCT
gujaf-15	128	4	believed	believe	VERB
gujaf-15	128	5	that	that	SCONJ
gujaf-15	128	6	the	the	DET
gujaf-15	128	7	confidence	confidence	NOUN
gujaf-15	128	8	in	in	ADP
gujaf-15	128	9	investor	investor	NOUN
gujaf-15	128	10	confidence	confidence	NOUN
gujaf-15	128	11	originated	originate	VERB
gujaf-15	128	12	from	from	ADP
gujaf-15	128	13	their	their	PRON
gujaf-15	128	14	assessment	assessment	NOUN
gujaf-15	128	15	and	and	CCONJ
gujaf-15	128	16	vision	vision	NOUN
gujaf-15	128	17	of	of	ADP
gujaf-15	128	18	what	what	PRON
gujaf-15	128	19	the	the	DET
gujaf-15	128	20	future	future	NOUN
gujaf-15	128	21	holds	hold	VERB
gujaf-15	128	22	and	and	CCONJ
gujaf-15	128	23	was	be	AUX
gujaf-15	128	24	as	as	ADP
gujaf-15	128	25	a	a	DET
gujaf-15	128	26	result	result	NOUN
gujaf-15	128	27	of	of	ADP
gujaf-15	128	28	bias	bias	NOUN
gujaf-15	128	29	thought	think	VERB
gujaf-15	128	30	that	that	PRON
gujaf-15	128	31	makes	make	VERB
gujaf-15	128	32	them	they	PRON
gujaf-15	128	33	positive	positive	ADJ
gujaf-15	128	34	in	in	ADP
gujaf-15	128	35	the	the	DET
gujaf-15	128	36	anticipation	anticipation	NOUN
gujaf-15	128	37	of	of	ADP
gujaf-15	128	38	favorable	favorable	ADJ
gujaf-15	128	39	return	return	NOUN
gujaf-15	128	40	of	of	ADP
gujaf-15	128	41	the	the	DET
gujaf-15	128	42	ventures	venture	NOUN
gujaf-15	128	43	and	and	CCONJ
gujaf-15	128	44	convinced	convince	VERB
gujaf-15	128	45	outcome	outcome	NOUN
gujaf-15	128	46	in	in	ADP
gujaf-15	128	47	the	the	DET
gujaf-15	128	48	future	future	NOUN
gujaf-15	128	49	and	and	CCONJ
gujaf-15	128	50	had	have	VERB
gujaf-15	128	51	no	no	DET
gujaf-15	128	52	fear	fear	NOUN
gujaf-15	128	53	of	of	ADP
gujaf-15	128	54	misfortune	misfortune	NOUN
gujaf-15	128	55	and	and	CCONJ
gujaf-15	128	56	uncertainties	uncertainty	NOUN
gujaf-15	128	57	of	of	ADP
gujaf-15	128	58	the	the	DET
gujaf-15	128	59	future	future	NOUN
gujaf-15	128	60	.	.	PUNCT
gujaf-15	129	1	li	li	PROPN
gujaf-15	129	2	,	,	PUNCT
gujaf-15	129	3	et	et	PROPN
gujaf-15	129	4	al	al	PROPN
gujaf-15	129	5	(	(	PUNCT
gujaf-15	129	6	2016	2016	NUM
gujaf-15	129	7	)	)	PUNCT
gujaf-15	129	8	select	select	VERB
gujaf-15	129	9	the	the	DET
gujaf-15	129	10	factors	factor	NOUN
gujaf-15	129	11	of	of	ADP
gujaf-15	129	12	corporate	corporate	ADJ
gujaf-15	129	13	governance	governance	NOUN
gujaf-15	129	14	rate	rate	NOUN
gujaf-15	129	15	to	to	PART
gujaf-15	129	16	analyze	analyze	VERB
gujaf-15	129	17	and	and	CCONJ
gujaf-15	129	18	assess	assess	VERB
gujaf-15	129	19	the	the	DET
gujaf-15	129	20	impact	impact	NOUN
gujaf-15	129	21	corporate	corporate	ADJ
gujaf-15	129	22	governance	governance	NOUN
gujaf-15	129	23	extent	extent	NOUN
gujaf-15	129	24	on	on	ADP
gujaf-15	129	25	retaining	retain	VERB
gujaf-15	129	26	and	and	CCONJ
gujaf-15	129	27	expanding	expand	VERB
gujaf-15	129	28	investors	investor	NOUN
gujaf-15	129	29	’	'	PUNCT
gujaf-15	129	30	confidence	confidence	NOUN
gujaf-15	129	31	from	from	ADP
gujaf-15	129	32	likely	likely	ADJ
gujaf-15	129	33	interested	interested	ADJ
gujaf-15	129	34	investors	investor	NOUN
gujaf-15	129	35	.	.	PUNCT
gujaf-15	130	1	the	the	DET
gujaf-15	130	2	study	study	NOUN
gujaf-15	130	3	evaluates	evaluate	VERB
gujaf-15	130	4	the	the	DET
gujaf-15	130	5	impact	impact	NOUN
gujaf-15	130	6	of	of	ADP
gujaf-15	130	7	confidence	confidence	NOUN
gujaf-15	130	8	of	of	ADP
gujaf-15	130	9	in	in	ADP
gujaf-15	130	10	investors	investor	NOUN
gujaf-15	130	11	’	'	PUNCT
gujaf-15	130	12	and	and	CCONJ
gujaf-15	130	13	the	the	DET
gujaf-15	130	14	extent	extent	NOUN
gujaf-15	130	15	to	to	PART
gujaf-15	130	16	which	which	PRON
gujaf-15	130	17	corporate	corporate	ADJ
gujaf-15	130	18	governance	governance	NOUN
gujaf-15	130	19	appreciates	appreciate	VERB
gujaf-15	130	20	.	.	PUNCT
gujaf-15	131	1	they	they	PRON
gujaf-15	131	2	selected	select	VERB
gujaf-15	131	3	a	a	DET
gujaf-15	131	4	sample	sample	NOUN
gujaf-15	131	5	a	a	DET
gujaf-15	131	6	-	-	PUNCT
gujaf-15	131	7	share	share	NOUN
gujaf-15	131	8	companies	company	NOUN
gujaf-15	131	9	listed	list	VERB
gujaf-15	131	10	in	in	ADP
gujaf-15	131	11	shanghai	shanghai	PROPN
gujaf-15	131	12	stock	stock	PROPN
gujaf-15	131	13	exchange	exchange	PROPN
gujaf-15	131	14	of	of	ADP
gujaf-15	131	15	china	china	PROPN
gujaf-15	131	16	from	from	ADP
gujaf-15	131	17	2011	2011	NUM
gujaf-15	131	18	-	-	SYM
gujaf-15	131	19	2013	2013	NUM
gujaf-15	131	20	is	be	AUX
gujaf-15	131	21	selected	select	VERB
gujaf-15	131	22	as	as	ADP
gujaf-15	131	23	the	the	DET
gujaf-15	131	24	sample	sample	NOUN
gujaf-15	131	25	to	to	PART
gujaf-15	131	26	analyze	analyze	VERB
gujaf-15	131	27	the	the	DET
gujaf-15	131	28	panel	panel	NOUN
gujaf-15	131	29	data	datum	NOUN
gujaf-15	131	30	.	.	PUNCT
gujaf-15	132	1	the	the	DET
gujaf-15	132	2	study	study	NOUN
gujaf-15	132	3	revealed	reveal	VERB
gujaf-15	132	4	that	that	SCONJ
gujaf-15	132	5	a	a	DET
gujaf-15	132	6	greater	great	ADJ
gujaf-15	132	7	level	level	NOUN
gujaf-15	132	8	of	of	ADP
gujaf-15	132	9	corporate	corporate	ADJ
gujaf-15	132	10	governance	governance	NOUN
gujaf-15	132	11	leads	lead	VERB
gujaf-15	132	12	to	to	ADP
gujaf-15	132	13	more	more	ADJ
gujaf-15	132	14	confidence	confidence	NOUN
gujaf-15	132	15	of	of	ADP
gujaf-15	132	16	investors	investor	NOUN
gujaf-15	132	17	.	.	PUNCT
gujaf-15	133	1	on	on	ADP
gujaf-15	133	2	the	the	DET
gujaf-15	133	3	same	same	ADJ
gujaf-15	133	4	vein	vein	NOUN
gujaf-15	133	5	,	,	PUNCT
gujaf-15	133	6	investors	investor	NOUN
gujaf-15	133	7	’	'	PUNCT
gujaf-15	133	8	confidence	confidence	NOUN
gujaf-15	133	9	is	be	AUX
gujaf-15	133	10	also	also	ADV
gujaf-15	133	11	motivated	motivate	VERB
gujaf-15	133	12	by	by	ADP
gujaf-15	133	13	the	the	DET
gujaf-15	133	14	broader	broad	ADJ
gujaf-15	133	15	level	level	NOUN
gujaf-15	133	16	of	of	ADP
gujaf-15	133	17	the	the	DET
gujaf-15	133	18	market	market	NOUN
gujaf-15	133	19	arena	arena	NOUN
gujaf-15	133	20	comes	come	VERB
gujaf-15	133	21	with	with	ADP
gujaf-15	133	22	multiple	multiple	ADJ
gujaf-15	133	23	opportunities	opportunity	NOUN
gujaf-15	133	24	which	which	PRON
gujaf-15	133	25	explains	explain	VERB
gujaf-15	133	26	the	the	DET
gujaf-15	133	27	peculiarities	peculiarity	NOUN
gujaf-15	133	28	of	of	ADP
gujaf-15	133	29	the	the	DET
gujaf-15	133	30	market	market	NOUN
gujaf-15	133	31	therefore	therefore	ADV
gujaf-15	133	32	,	,	PUNCT
gujaf-15	133	33	the	the	DET
gujaf-15	133	34	level	level	NOUN
gujaf-15	133	35	of	of	ADP
gujaf-15	133	36	meaningfulness	meaningfulness	NOUN
gujaf-15	133	37	of	of	ADP
gujaf-15	133	38	corporate	corporate	ADJ
gujaf-15	133	39	governance	governance	NOUN
gujaf-15	133	40	extent	extent	NOUN
gujaf-15	133	41	varies	vary	VERB
gujaf-15	133	42	by	by	ADP
gujaf-15	133	43	industries	industry	NOUN
gujaf-15	133	44	in	in	ADP
gujaf-15	133	45	respect	respect	NOUN
gujaf-15	133	46	of	of	ADP
gujaf-15	133	47	the	the	DET
gujaf-15	133	48	perception	perception	NOUN
gujaf-15	133	49	of	of	ADP
gujaf-15	133	50	investors	investor	NOUN
gujaf-15	133	51	’	'	PUNCT
gujaf-15	133	52	and	and	CCONJ
gujaf-15	133	53	their	their	PRON
gujaf-15	133	54	extent	extent	NOUN
gujaf-15	133	55	of	of	ADP
gujaf-15	133	56	confidence	confidence	NOUN
gujaf-15	133	57	.	.	PUNCT
gujaf-15	134	1	however	however	ADV
gujaf-15	134	2	,	,	PUNCT
gujaf-15	134	3	the	the	DET
gujaf-15	134	4	findings	finding	NOUN
gujaf-15	134	5	indicate	indicate	VERB
gujaf-15	134	6	a	a	DET
gujaf-15	134	7	positive	positive	ADJ
gujaf-15	134	8	lag	lag	NOUN
gujaf-15	134	9	effect	effect	NOUN
gujaf-15	134	10	in	in	ADP
gujaf-15	134	11	the	the	DET
gujaf-15	134	12	confidence	confidence	NOUN
gujaf-15	134	13	of	of	ADP
gujaf-15	134	14	investors	investor	NOUN
gujaf-15	134	15	.	.	PUNCT
gujaf-15	135	1	li	li	PROPN
gujaf-15	135	2	et	et	PROPN
gujaf-15	135	3	al	al	PROPN
gujaf-15	135	4	.	.	PROPN
gujaf-15	136	1	(	(	PUNCT
gujaf-15	136	2	2005	2005	NUM
gujaf-15	136	3	)	)	PUNCT
gujaf-15	136	4	also	also	ADV
gujaf-15	136	5	held	hold	VERB
gujaf-15	136	6	that	that	DET
gujaf-15	136	7	corporate	corporate	ADJ
gujaf-15	136	8	governance	governance	NOUN
gujaf-15	136	9	with	with	ADP
gujaf-15	136	10	high	high	ADJ
gujaf-15	136	11	quality	quality	NOUN
gujaf-15	136	12	could	could	AUX
gujaf-15	136	13	improve	improve	VERB
gujaf-15	136	14	corporate	corporate	ADJ
gujaf-15	136	15	value	value	NOUN
gujaf-15	136	16	and	and	CCONJ
gujaf-15	136	17	bring	bring	VERB
gujaf-15	136	18	abundant	abundant	ADJ
gujaf-15	136	19	return	return	NOUN
gujaf-15	136	20	to	to	ADP
gujaf-15	136	21	investors	investor	NOUN
gujaf-15	136	22	.	.	PUNCT
gujaf-15	137	1	higher	high	ADJ
gujaf-15	137	2	corporate	corporate	ADJ
gujaf-15	137	3	governance	governance	NOUN
gujaf-15	137	4	level	level	NOUN
gujaf-15	137	5	could	could	AUX
gujaf-15	137	6	produce	produce	VERB
gujaf-15	137	7	better	well	ADJ
gujaf-15	137	8	consistency	consistency	NOUN
gujaf-15	137	9	and	and	CCONJ
gujaf-15	137	10	stability	stability	NOUN
gujaf-15	137	11	for	for	ADP
gujaf-15	137	12	corporate	corporate	ADJ
gujaf-15	137	13	operation	operation	NOUN
gujaf-15	137	14	strategy	strategy	NOUN
gujaf-15	137	15	and	and	CCONJ
gujaf-15	137	16	better	well	ADV
gujaf-15	137	17	guarantee	guarantee	VERB
gujaf-15	137	18	the	the	DET
gujaf-15	137	19	investment	investment	NOUN
gujaf-15	137	20	in	in	ADP
gujaf-15	137	21	the	the	DET
gujaf-15	137	22	future	future	NOUN
gujaf-15	137	23	and	and	CCONJ
gujaf-15	137	24	make	make	VERB
gujaf-15	137	25	gujaf	gujaf	NOUN
gujaf-15	137	26	:	:	PUNCT
gujaf-15	137	27	gusau	gusau	PROPN
gujaf-15	137	28	journal	journal	NOUN
gujaf-15	137	29	of	of	ADP
gujaf-15	137	30	accounting	accounting	NOUN
gujaf-15	137	31	and	and	CCONJ
gujaf-15	137	32	finance	finance	NOUN
gujaf-15	137	33	,	,	PUNCT
gujaf-15	137	34	vol	vol	NOUN
gujaf-15	137	35	.	.	PUNCT
gujaf-15	138	1	i	i	PRON
gujaf-15	138	2	,	,	PUNCT
gujaf-15	138	3	issue	issue	NOUN
gujaf-15	138	4	1	1	NUM
gujaf-15	138	5	,	,	PUNCT
gujaf-15	138	6	april	april	PROPN
gujaf-15	138	7	,	,	PUNCT
gujaf-15	138	8	2020	2020	NUM
gujaf-15	138	9	issn	issn	VERB
gujaf-15	138	10	2756	2756	NUM
gujaf-15	138	11	-	-	PUNCT
gujaf-15	138	12	665x	665x	NOUN
gujaf-15	138	13	10	10	NUM
gujaf-15	138	14	investors	investor	NOUN
gujaf-15	138	15	more	more	ADV
gujaf-15	138	16	confident	confident	ADJ
gujaf-15	138	17	.	.	PUNCT
gujaf-15	139	1	li	li	PROPN
gujaf-15	139	2	et	et	PROPN
gujaf-15	139	3	al	al	PROPN
gujaf-15	139	4	.	.	PROPN
gujaf-15	140	1	(	(	PUNCT
gujaf-15	140	2	2012	2012	NUM
gujaf-15	140	3	)	)	PUNCT
gujaf-15	140	4	believed	believe	VERB
gujaf-15	140	5	from	from	ADP
gujaf-15	140	6	his	his	PRON
gujaf-15	140	7	evaluation	evaluation	NOUN
gujaf-15	140	8	,	,	PUNCT
gujaf-15	140	9	huge	huge	ADJ
gujaf-15	140	10	rate	rate	NOUN
gujaf-15	140	11	corporate	corporate	ADJ
gujaf-15	140	12	governance	governance	NOUN
gujaf-15	140	13	was	be	AUX
gujaf-15	140	14	influential	influential	ADJ
gujaf-15	140	15	for	for	ADP
gujaf-15	140	16	reducing	reduce	VERB
gujaf-15	140	17	the	the	DET
gujaf-15	140	18	dissymmetry	dissymmetry	NOUN
gujaf-15	140	19	degree	degree	NOUN
gujaf-15	140	20	of	of	ADP
gujaf-15	140	21	information	information	NOUN
gujaf-15	140	22	and	and	CCONJ
gujaf-15	140	23	assisting	assist	VERB
gujaf-15	140	24	investors	investor	NOUN
gujaf-15	140	25	to	to	PART
gujaf-15	140	26	appreciate	appreciate	VERB
gujaf-15	140	27	the	the	DET
gujaf-15	140	28	worth	worth	NOUN
gujaf-15	140	29	of	of	ADP
gujaf-15	140	30	firm	firm	NOUN
gujaf-15	140	31	and	and	CCONJ
gujaf-15	140	32	reduce	reduce	VERB
gujaf-15	140	33	investment	investment	NOUN
gujaf-15	140	34	uncertainty	uncertainty	NOUN
gujaf-15	140	35	by	by	ADP
gujaf-15	140	36	means	mean	NOUN
gujaf-15	140	37	of	of	ADP
gujaf-15	140	38	useful	useful	ADJ
gujaf-15	140	39	information	information	NOUN
gujaf-15	140	40	disclosure	disclosure	NOUN
gujaf-15	140	41	.	.	PUNCT
gujaf-15	141	1	lei	lei	PROPN
gujaf-15	141	2	,	,	PUNCT
gujaf-15	141	3	wang	wang	PROPN
gujaf-15	141	4	and	and	CCONJ
gujaf-15	141	5	jin	jin	PROPN
gujaf-15	141	6	(	(	PUNCT
gujaf-15	141	7	2012	2012	NUM
gujaf-15	141	8	)	)	PUNCT
gujaf-15	141	9	suggested	suggest	VERB
gujaf-15	141	10	that	that	SCONJ
gujaf-15	141	11	investor	investor	NOUN
gujaf-15	141	12	confidence	confidence	NOUN
gujaf-15	141	13	was	be	AUX
gujaf-15	141	14	the	the	DET
gujaf-15	141	15	product	product	NOUN
gujaf-15	141	16	of	of	ADP
gujaf-15	141	17	market	market	NOUN
gujaf-15	141	18	factors	factor	NOUN
gujaf-15	141	19	and	and	CCONJ
gujaf-15	141	20	corporate	corporate	ADJ
gujaf-15	141	21	factors	factor	NOUN
gujaf-15	141	22	and	and	CCONJ
gujaf-15	141	23	the	the	DET
gujaf-15	141	24	empirical	empirical	ADJ
gujaf-15	141	25	result	result	NOUN
gujaf-15	141	26	showed	show	VERB
gujaf-15	141	27	that	that	SCONJ
gujaf-15	141	28	stronger	strong	ADJ
gujaf-15	141	29	investor	investor	NOUN
gujaf-15	141	30	confidence	confidence	NOUN
gujaf-15	141	31	was	be	AUX
gujaf-15	141	32	associated	associate	VERB
gujaf-15	141	33	with	with	ADP
gujaf-15	141	34	higher	high	ADJ
gujaf-15	141	35	governance	governance	NOUN
gujaf-15	141	36	quality	quality	NOUN
gujaf-15	141	37	.	.	PUNCT
gujaf-15	142	1	wu	wu	PROPN
gujaf-15	142	2	et	et	PROPN
gujaf-15	142	3	al	al	PROPN
gujaf-15	142	4	.	.	PROPN
gujaf-15	143	1	(	(	PUNCT
gujaf-15	143	2	2011	2011	NUM
gujaf-15	143	3	)	)	PUNCT
gujaf-15	143	4	examined	examine	VERB
gujaf-15	143	5	corporate	corporate	ADJ
gujaf-15	143	6	governance	governance	NOUN
gujaf-15	143	7	,	,	PUNCT
gujaf-15	143	8	investor	investor	NOUN
gujaf-15	143	9	emotion	emotion	NOUN
gujaf-15	143	10	and	and	CCONJ
gujaf-15	143	11	excessive	excessive	ADJ
gujaf-15	143	12	portfolio	portfolio	NOUN
gujaf-15	143	13	investment	investment	NOUN
gujaf-15	143	14	.	.	PUNCT
gujaf-15	144	1	the	the	DET
gujaf-15	144	2	findings	finding	NOUN
gujaf-15	144	3	reveal	reveal	VERB
gujaf-15	144	4	that	that	SCONJ
gujaf-15	144	5	listed	list	VERB
gujaf-15	144	6	companies	company	NOUN
gujaf-15	144	7	of	of	ADP
gujaf-15	144	8	our	our	PRON
gujaf-15	144	9	country	country	NOUN
gujaf-15	144	10	generally	generally	ADV
gujaf-15	144	11	participated	participate	VERB
gujaf-15	144	12	in	in	ADP
gujaf-15	144	13	portfolio	portfolio	NOUN
gujaf-15	144	14	investment	investment	NOUN
gujaf-15	144	15	and	and	CCONJ
gujaf-15	144	16	face	face	VERB
gujaf-15	144	17	the	the	DET
gujaf-15	144	18	challenges	challenge	NOUN
gujaf-15	144	19	of	of	ADP
gujaf-15	144	20	excessive	excessive	ADJ
gujaf-15	144	21	portfolio	portfolio	NOUN
gujaf-15	144	22	investment	investment	NOUN
gujaf-15	144	23	to	to	ADP
gujaf-15	144	24	some	some	DET
gujaf-15	144	25	extent	extent	NOUN
gujaf-15	144	26	.	.	PUNCT
gujaf-15	145	1	the	the	DET
gujaf-15	145	2	reason	reason	NOUN
gujaf-15	145	3	was	be	AUX
gujaf-15	145	4	investors	investor	NOUN
gujaf-15	145	5	in	in	ADP
gujaf-15	145	6	high	high	ADJ
gujaf-15	145	7	spirit	spirit	NOUN
gujaf-15	145	8	instead	instead	ADV
gujaf-15	145	9	of	of	ADP
gujaf-15	145	10	imperfect	imperfect	ADJ
gujaf-15	145	11	corporate	corporate	ADJ
gujaf-15	145	12	governance	governance	NOUN
gujaf-15	145	13	structure	structure	NOUN
gujaf-15	145	14	.	.	PUNCT
gujaf-15	146	1	part	part	NOUN
gujaf-15	146	2	of	of	ADP
gujaf-15	146	3	literatures	literature	NOUN
gujaf-15	146	4	took	take	VERB
gujaf-15	146	5	investor	investor	NOUN
gujaf-15	146	6	confidence	confidence	NOUN
gujaf-15	146	7	as	as	ADP
gujaf-15	146	8	an	an	DET
gujaf-15	146	9	intermediate	intermediate	ADJ
gujaf-15	146	10	target	target	NOUN
gujaf-15	146	11	.	.	PUNCT
gujaf-15	147	1	nabil	nabil	PROPN
gujaf-15	147	2	et	et	PROPN
gujaf-15	147	3	al	al	PROPN
gujaf-15	147	4	.	.	PROPN
gujaf-15	148	1	(	(	PUNCT
gujaf-15	148	2	2014	2014	NUM
gujaf-15	148	3	)	)	PUNCT
gujaf-15	148	4	study	study	VERB
gujaf-15	148	5	how	how	SCONJ
gujaf-15	148	6	effective	effective	ADJ
gujaf-15	148	7	corporate	corporate	ADJ
gujaf-15	148	8	governance	governance	NOUN
gujaf-15	148	9	structure	structure	NOUN
gujaf-15	148	10	improves	improve	VERB
gujaf-15	148	11	investor	investor	NOUN
gujaf-15	148	12	confidence	confidence	NOUN
gujaf-15	148	13	,	,	PUNCT
gujaf-15	148	14	it	it	PRON
gujaf-15	148	15	ensures	ensure	VERB
gujaf-15	148	16	corporate	corporate	ADJ
gujaf-15	148	17	accountability	accountability	NOUN
gujaf-15	148	18	,	,	PUNCT
gujaf-15	148	19	improves	improve	VERB
gujaf-15	148	20	the	the	DET
gujaf-15	148	21	reliability	reliability	NOUN
gujaf-15	148	22	and	and	CCONJ
gujaf-15	148	23	quality	quality	NOUN
gujaf-15	148	24	of	of	ADP
gujaf-15	148	25	public	public	ADJ
gujaf-15	148	26	financial	financial	ADJ
gujaf-15	148	27	information	information	NOUN
gujaf-15	148	28	,	,	PUNCT
gujaf-15	148	29	and	and	CCONJ
gujaf-15	148	30	enhances	enhance	VERB
gujaf-15	148	31	the	the	DET
gujaf-15	148	32	integrity	integrity	NOUN
gujaf-15	148	33	and	and	CCONJ
gujaf-15	148	34	efficiency	efficiency	NOUN
gujaf-15	148	35	of	of	ADP
gujaf-15	148	36	the	the	DET
gujaf-15	148	37	capital	capital	NOUN
gujaf-15	148	38	market	market	NOUN
gujaf-15	148	39	.	.	PUNCT
gujaf-15	149	1	the	the	DET
gujaf-15	149	2	study	study	NOUN
gujaf-15	149	3	has	have	AUX
gujaf-15	149	4	covered	cover	VERB
gujaf-15	149	5	10	10	NUM
gujaf-15	149	6	public	public	ADJ
gujaf-15	149	7	companies	company	NOUN
gujaf-15	149	8	in	in	ADP
gujaf-15	149	9	jordan	jordan	PROPN
gujaf-15	149	10	.	.	PUNCT
gujaf-15	150	1	the	the	DET
gujaf-15	150	2	study	study	NOUN
gujaf-15	150	3	concluded	conclude	VERB
gujaf-15	150	4	that	that	SCONJ
gujaf-15	150	5	corporate	corporate	ADJ
gujaf-15	150	6	governance	governance	NOUN
gujaf-15	150	7	in	in	ADP
gujaf-15	150	8	publics	public	NOUN
gujaf-15	150	9	companies	company	NOUN
gujaf-15	150	10	is	be	AUX
gujaf-15	150	11	effective	effective	ADJ
gujaf-15	150	12	in	in	ADP
gujaf-15	150	13	jordan	jordan	PROPN
gujaf-15	150	14	because	because	SCONJ
gujaf-15	150	15	it	it	PRON
gujaf-15	150	16	is	be	AUX
gujaf-15	150	17	complying	comply	VERB
gujaf-15	150	18	with	with	ADP
gujaf-15	150	19	state	state	NOUN
gujaf-15	150	20	and	and	CCONJ
gujaf-15	150	21	federal	federal	ADJ
gujaf-15	150	22	statutes	statute	NOUN
gujaf-15	150	23	,	,	PUNCT
gujaf-15	150	24	complying	comply	VERB
gujaf-15	150	25	with	with	ADP
gujaf-15	150	26	listing	list	VERB
gujaf-15	150	27	standards	standard	NOUN
gujaf-15	150	28	,	,	PUNCT
gujaf-15	150	29	and	and	CCONJ
gujaf-15	150	30	implementing	implement	VERB
gujaf-15	150	31	best	good	ADJ
gujaf-15	150	32	practices	practice	NOUN
gujaf-15	150	33	suggested	suggest	VERB
gujaf-15	150	34	by	by	ADP
gujaf-15	150	35	investor	investor	NOUN
gujaf-15	150	36	's	's	PART
gujaf-15	150	37	activists	activist	NOUN
gujaf-15	150	38	and	and	CCONJ
gujaf-15	150	39	professional	professional	ADJ
gujaf-15	150	40	organizations	organization	NOUN
gujaf-15	150	41	.	.	PUNCT
gujaf-15	151	1	further	further	ADJ
gujaf-15	151	2	recommendations	recommendation	NOUN
gujaf-15	151	3	by	by	ADP
gujaf-15	151	4	the	the	DET
gujaf-15	151	5	research	research	NOUN
gujaf-15	151	6	include	include	VERB
gujaf-15	151	7	maintaining	maintain	VERB
gujaf-15	151	8	the	the	DET
gujaf-15	151	9	current	current	ADJ
gujaf-15	151	10	level	level	NOUN
gujaf-15	151	11	of	of	ADP
gujaf-15	151	12	investors	investor	NOUN
gujaf-15	151	13	'	'	PART
gujaf-15	151	14	confidence	confidence	NOUN
gujaf-15	151	15	and	and	CCONJ
gujaf-15	151	16	to	to	PART
gujaf-15	151	17	work	work	VERB
gujaf-15	151	18	on	on	ADP
gujaf-15	151	19	developing	develop	VERB
gujaf-15	151	20	the	the	DET
gujaf-15	151	21	legal	legal	ADJ
gujaf-15	151	22	framework	framework	NOUN
gujaf-15	151	23	for	for	ADP
gujaf-15	151	24	corporate	corporate	ADJ
gujaf-15	151	25	governance	governance	NOUN
gujaf-15	151	26	in	in	ADP
gujaf-15	151	27	the	the	DET
gujaf-15	151	28	light	light	NOUN
gujaf-15	151	29	of	of	ADP
gujaf-15	151	30	the	the	DET
gujaf-15	151	31	proposed	propose	VERB
gujaf-15	151	32	development	development	NOUN
gujaf-15	151	33	of	of	ADP
gujaf-15	151	34	a	a	DET
gujaf-15	151	35	conceptual	conceptual	ADJ
gujaf-15	151	36	framework	framework	NOUN
gujaf-15	151	37	.	.	PUNCT
gujaf-15	152	1	güner	güner	NOUN
gujaf-15	152	2	,	,	PUNCT
gujaf-15	152	3	malmendier	malmendier	NOUN
gujaf-15	152	4	and	and	CCONJ
gujaf-15	152	5	tate	tate	NOUN
gujaf-15	152	6	(	(	PUNCT
gujaf-15	152	7	2008	2008	NUM
gujaf-15	152	8	)	)	PUNCT
gujaf-15	152	9	studied	study	VERB
gujaf-15	152	10	the	the	DET
gujaf-15	152	11	benefits	benefit	NOUN
gujaf-15	152	12	of	of	ADP
gujaf-15	152	13	having	have	VERB
gujaf-15	152	14	financial	financial	ADJ
gujaf-15	152	15	expertise	expertise	NOUN
gujaf-15	152	16	at	at	ADP
gujaf-15	152	17	the	the	DET
gujaf-15	152	18	organizational	organizational	ADJ
gujaf-15	152	19	level	level	NOUN
gujaf-15	152	20	of	of	ADP
gujaf-15	152	21	directors	director	NOUN
gujaf-15	152	22	.	.	PUNCT
gujaf-15	153	1	the	the	DET
gujaf-15	153	2	research	research	NOUN
gujaf-15	153	3	concluded	conclude	VERB
gujaf-15	153	4	that	that	SCONJ
gujaf-15	153	5	the	the	DET
gujaf-15	153	6	existence	existence	NOUN
gujaf-15	153	7	of	of	ADP
gujaf-15	153	8	director	director	NOUN
gujaf-15	153	9	’s	’s	PART
gujaf-15	153	10	expert	expert	NOUN
gujaf-15	153	11	in	in	ADP
gujaf-15	153	12	financial	financial	ADJ
gujaf-15	153	13	control	control	NOUN
gujaf-15	153	14	could	could	AUX
gujaf-15	153	15	affect	affect	VERB
gujaf-15	153	16	the	the	DET
gujaf-15	153	17	confidentiality	confidentiality	NOUN
gujaf-15	153	18	of	of	ADP
gujaf-15	153	19	companies	company	NOUN
gujaf-15	153	20	through	through	ADP
gujaf-15	153	21	the	the	DET
gujaf-15	153	22	creation	creation	NOUN
gujaf-15	153	23	of	of	ADP
gujaf-15	153	24	more	more	ADV
gujaf-15	153	25	accurate	accurate	ADJ
gujaf-15	153	26	information	information	NOUN
gujaf-15	153	27	and	and	CCONJ
gujaf-15	153	28	better	well	ADJ
gujaf-15	153	29	audited	audit	VERB
gujaf-15	153	30	financial	financial	ADJ
gujaf-15	153	31	states	state	NOUN
gujaf-15	153	32	.	.	PUNCT
gujaf-15	154	1	haniffa	haniffa	PROPN
gujaf-15	154	2	and	and	CCONJ
gujaf-15	154	3	cooke	cooke	PROPN
gujaf-15	154	4	(	(	PUNCT
gujaf-15	154	5	2002	2002	NUM
gujaf-15	154	6	)	)	PUNCT
gujaf-15	154	7	reported	report	VERB
gujaf-15	154	8	that	that	SCONJ
gujaf-15	154	9	firms	firm	NOUN
gujaf-15	154	10	with	with	ADP
gujaf-15	154	11	a	a	DET
gujaf-15	154	12	higher	high	ADJ
gujaf-15	154	13	proportion	proportion	NOUN
gujaf-15	154	14	of	of	ADP
gujaf-15	154	15	board	board	NOUN
gujaf-15	154	16	members	member	NOUN
gujaf-15	154	17	with	with	ADP
gujaf-15	154	18	accounting	accounting	NOUN
gujaf-15	154	19	and	and	CCONJ
gujaf-15	154	20	finance	finance	NOUN
gujaf-15	154	21	expertise	expertise	NOUN
gujaf-15	154	22	tend	tend	VERB
gujaf-15	154	23	to	to	PART
gujaf-15	154	24	disclose	disclose	VERB
gujaf-15	154	25	more	more	ADV
gujaf-15	154	26	voluntary	voluntary	ADJ
gujaf-15	154	27	information	information	NOUN
gujaf-15	154	28	to	to	PART
gujaf-15	154	29	reflect	reflect	VERB
gujaf-15	154	30	their	their	PRON
gujaf-15	154	31	credibility	credibility	NOUN
gujaf-15	154	32	and	and	CCONJ
gujaf-15	154	33	reputation	reputation	NOUN
gujaf-15	154	34	.	.	PUNCT
gujaf-15	155	1	wagner	wagner	PROPN
gujaf-15	155	2	(	(	PUNCT
gujaf-15	155	3	2008	2008	NUM
gujaf-15	155	4	)	)	PUNCT
gujaf-15	155	5	added	add	VERB
gujaf-15	155	6	that	that	SCONJ
gujaf-15	155	7	during	during	ADP
gujaf-15	155	8	the	the	DET
gujaf-15	155	9	composition	composition	NOUN
gujaf-15	155	10	of	of	ADP
gujaf-15	155	11	a	a	DET
gujaf-15	155	12	board	board	NOUN
gujaf-15	155	13	,	,	PUNCT
gujaf-15	155	14	a	a	DET
gujaf-15	155	15	compromise	compromise	NOUN
gujaf-15	155	16	must	must	AUX
gujaf-15	155	17	exist	exist	VERB
gujaf-15	155	18	between	between	ADP
gujaf-15	155	19	independence	independence	NOUN
gujaf-15	155	20	and	and	CCONJ
gujaf-15	155	21	competence	competence	NOUN
gujaf-15	155	22	in	in	ADP
gujaf-15	155	23	order	order	NOUN
gujaf-15	155	24	to	to	PART
gujaf-15	155	25	create	create	VERB
gujaf-15	155	26	an	an	DET
gujaf-15	155	27	optimally	optimally	ADV
gujaf-15	155	28	efficient	efficient	ADJ
gujaf-15	155	29	group	group	NOUN
gujaf-15	155	30	.	.	PUNCT
gujaf-15	156	1	thus	thus	ADV
gujaf-15	156	2	,	,	PUNCT
gujaf-15	156	3	the	the	DET
gujaf-15	156	4	existence	existence	NOUN
gujaf-15	156	5	of	of	ADP
gujaf-15	156	6	qualified	qualified	ADJ
gujaf-15	156	7	directors	director	NOUN
gujaf-15	156	8	is	be	AUX
gujaf-15	156	9	an	an	DET
gujaf-15	156	10	indicator	indicator	NOUN
gujaf-15	156	11	of	of	ADP
gujaf-15	156	12	the	the	DET
gujaf-15	156	13	quality	quality	NOUN
gujaf-15	156	14	of	of	ADP
gujaf-15	156	15	published	publish	VERB
gujaf-15	156	16	information	information	NOUN
gujaf-15	156	17	.	.	PUNCT
gujaf-15	157	1	gujaf	gujaf	NOUN
gujaf-15	157	2	:	:	PUNCT
gujaf-15	157	3	gusau	gusau	PROPN
gujaf-15	157	4	journal	journal	NOUN
gujaf-15	157	5	of	of	ADP
gujaf-15	157	6	accounting	accounting	NOUN
gujaf-15	157	7	and	and	CCONJ
gujaf-15	157	8	finance	finance	NOUN
gujaf-15	157	9	,	,	PUNCT
gujaf-15	157	10	vol	vol	NOUN
gujaf-15	157	11	.	.	PUNCT
gujaf-15	158	1	i	i	PRON
gujaf-15	158	2	,	,	PUNCT
gujaf-15	158	3	issue	issue	NOUN
gujaf-15	158	4	1	1	NUM
gujaf-15	158	5	,	,	PUNCT
gujaf-15	158	6	april	april	PROPN
gujaf-15	158	7	,	,	PUNCT
gujaf-15	158	8	2020	2020	NUM
gujaf-15	158	9	issn	issn	VERB
gujaf-15	158	10	2756	2756	NUM
gujaf-15	158	11	-	-	PUNCT
gujaf-15	158	12	665x	665x	NOUN
gujaf-15	158	13	11	11	NUM
gujaf-15	158	14	analysis	analysis	NOUN
gujaf-15	158	15	of	of	ADP
gujaf-15	158	16	corporate	corporate	ADJ
gujaf-15	158	17	ownership	ownership	NOUN
gujaf-15	158	18	as	as	ADP
gujaf-15	158	19	a	a	DET
gujaf-15	158	20	control	control	NOUN
gujaf-15	158	21	mechanism	mechanism	NOUN
gujaf-15	158	22	can	can	AUX
gujaf-15	158	23	be	be	AUX
gujaf-15	158	24	conducted	conduct	VERB
gujaf-15	158	25	on	on	ADP
gujaf-15	158	26	different	different	ADJ
gujaf-15	158	27	theoretical	theoretical	ADJ
gujaf-15	158	28	assumptions	assumption	NOUN
gujaf-15	158	29	.	.	PUNCT
gujaf-15	159	1	one	one	NUM
gujaf-15	159	2	of	of	ADP
gujaf-15	159	3	these	these	DET
gujaf-15	159	4	theories	theory	NOUN
gujaf-15	159	5	is	be	AUX
gujaf-15	159	6	the	the	DET
gujaf-15	159	7	property	property	NOUN
gujaf-15	159	8	right	right	ADJ
gujaf-15	159	9	hypotheses	hypothesis	NOUN
gujaf-15	159	10	which	which	PRON
gujaf-15	159	11	according	accord	VERB
gujaf-15	159	12	to	to	ADP
gujaf-15	159	13	alchian	alchian	PROPN
gujaf-15	159	14	(	(	PUNCT
gujaf-15	159	15	1965	1965	NUM
gujaf-15	159	16	)	)	PUNCT
gujaf-15	159	17	,	,	PUNCT
gujaf-15	159	18	firms	firm	NOUN
gujaf-15	159	19	operating	operate	VERB
gujaf-15	159	20	in	in	ADP
gujaf-15	159	21	the	the	DET
gujaf-15	159	22	private	private	ADJ
gujaf-15	159	23	sector	sector	NOUN
gujaf-15	159	24	arena	arena	NOUN
gujaf-15	159	25	ought	ought	AUX
gujaf-15	159	26	to	to	PART
gujaf-15	159	27	perform	perform	VERB
gujaf-15	159	28	better	well	ADV
gujaf-15	159	29	and	and	CCONJ
gujaf-15	159	30	more	more	ADV
gujaf-15	159	31	profitably	profitably	ADV
gujaf-15	159	32	than	than	ADP
gujaf-15	159	33	firms	firm	NOUN
gujaf-15	159	34	in	in	ADP
gujaf-15	159	35	the	the	DET
gujaf-15	159	36	public	public	ADJ
gujaf-15	159	37	sector	sector	NOUN
gujaf-15	159	38	.	.	PUNCT
gujaf-15	160	1	because	because	SCONJ
gujaf-15	160	2	in	in	ADP
gujaf-15	160	3	the	the	DET
gujaf-15	160	4	case	case	NOUN
gujaf-15	160	5	of	of	ADP
gujaf-15	160	6	government	government	NOUN
gujaf-15	160	7	-	-	PUNCT
gujaf-15	160	8	owned	own	VERB
gujaf-15	160	9	firms	firm	NOUN
gujaf-15	160	10	,	,	PUNCT
gujaf-15	160	11	as	as	ADP
gujaf-15	160	12	shleifer	shleifer	NOUN
gujaf-15	160	13	and	and	CCONJ
gujaf-15	160	14	vishny	vishny	PROPN
gujaf-15	160	15	(	(	PUNCT
gujaf-15	160	16	1997	1997	NUM
gujaf-15	160	17	)	)	PUNCT
gujaf-15	160	18	,	,	PUNCT
gujaf-15	160	19	point	point	VERB
gujaf-15	160	20	out	out	ADP
gujaf-15	160	21	that	that	SCONJ
gujaf-15	160	22	while	while	SCONJ
gujaf-15	160	23	they	they	PRON
gujaf-15	160	24	are	be	AUX
gujaf-15	160	25	technically	technically	ADV
gujaf-15	160	26	controlled	control	VERB
gujaf-15	160	27	by	by	ADP
gujaf-15	160	28	the	the	DET
gujaf-15	160	29	public	public	NOUN
gujaf-15	160	30	,	,	PUNCT
gujaf-15	160	31	they	they	PRON
gujaf-15	160	32	are	be	AUX
gujaf-15	160	33	run	run	VERB
gujaf-15	160	34	by	by	ADP
gujaf-15	160	35	bureaucrats	bureaucrat	NOUN
gujaf-15	160	36	who	who	PRON
gujaf-15	160	37	can	can	AUX
gujaf-15	160	38	be	be	AUX
gujaf-15	160	39	thought	think	VERB
gujaf-15	160	40	of	of	ADP
gujaf-15	160	41	as	as	ADP
gujaf-15	160	42	having	have	VERB
gujaf-15	160	43	extremely	extremely	ADV
gujaf-15	160	44	concentrated	concentrated	ADJ
gujaf-15	160	45	control	control	NOUN
gujaf-15	160	46	rights	right	NOUN
gujaf-15	160	47	,	,	PUNCT
gujaf-15	160	48	but	but	CCONJ
gujaf-15	160	49	no	no	DET
gujaf-15	160	50	significant	significant	ADJ
gujaf-15	160	51	cash	cash	NOUN
gujaf-15	160	52	flow	flow	NOUN
gujaf-15	160	53	rights	right	NOUN
gujaf-15	160	54	.	.	PUNCT
gujaf-15	161	1	the	the	DET
gujaf-15	161	2	property	property	NOUN
gujaf-15	161	3	rights	right	NOUN
gujaf-15	161	4	theorem	theorem	NOUN
gujaf-15	161	5	has	have	AUX
gujaf-15	161	6	been	be	AUX
gujaf-15	161	7	tested	test	VERB
gujaf-15	161	8	else	else	ADV
gujaf-15	161	9	-	-	PUNCT
gujaf-15	161	10	where	where	NOUN
gujaf-15	161	11	.	.	PUNCT
gujaf-15	162	1	majumdar	majumdar	PROPN
gujaf-15	162	2	(	(	PUNCT
gujaf-15	162	3	1998	1998	NUM
gujaf-15	162	4	)	)	PUNCT
gujaf-15	162	5	has	have	AUX
gujaf-15	162	6	tested	test	VERB
gujaf-15	162	7	the	the	DET
gujaf-15	162	8	property	property	NOUN
gujaf-15	162	9	right	right	NOUN
gujaf-15	162	10	theory	theory	NOUN
gujaf-15	162	11	by	by	ADP
gujaf-15	162	12	comparing	compare	VERB
gujaf-15	162	13	the	the	DET
gujaf-15	162	14	financial	financial	ADJ
gujaf-15	162	15	performance	performance	NOUN
gujaf-15	162	16	of	of	ADP
gujaf-15	162	17	state	state	NOUN
gujaf-15	162	18	owned	own	VERB
gujaf-15	162	19	,	,	PUNCT
gujaf-15	162	20	private	private	PROPN
gujaf-15	162	21	owned	own	VERB
gujaf-15	162	22	,	,	PUNCT
gujaf-15	162	23	and	and	CCONJ
gujaf-15	162	24	mixed	mixed	ADJ
gujaf-15	162	25	state	state	NOUN
gujaf-15	162	26	-	-	PUNCT
gujaf-15	162	27	private	private	ADJ
gujaf-15	162	28	ownership	ownership	NOUN
gujaf-15	162	29	firms	firm	NOUN
gujaf-15	162	30	and	and	CCONJ
gujaf-15	162	31	found	find	VERB
gujaf-15	162	32	that	that	SCONJ
gujaf-15	162	33	the	the	DET
gujaf-15	162	34	most	most	ADV
gujaf-15	162	35	profitable	profitable	ADJ
gujaf-15	162	36	firms	firm	NOUN
gujaf-15	162	37	were	be	AUX
gujaf-15	162	38	the	the	DET
gujaf-15	162	39	private	private	NOUN
gujaf-15	162	40	owned	own	VERB
gujaf-15	162	41	,	,	PUNCT
gujaf-15	162	42	followed	follow	VERB
gujaf-15	162	43	by	by	ADP
gujaf-15	162	44	mixed	mixed	ADJ
gujaf-15	162	45	ownership	ownership	NOUN
gujaf-15	162	46	.	.	PUNCT
gujaf-15	163	1	state	state	NOUN
gujaf-15	163	2	owned	own	VERB
gujaf-15	163	3	enterprises	enterprise	NOUN
gujaf-15	163	4	had	have	VERB
gujaf-15	163	5	the	the	DET
gujaf-15	163	6	worst	bad	ADJ
gujaf-15	163	7	performance	performance	NOUN
gujaf-15	163	8	.	.	PUNCT
gujaf-15	164	1	many	many	ADJ
gujaf-15	164	2	other	other	ADJ
gujaf-15	164	3	studies	study	NOUN
gujaf-15	164	4	like	like	ADP
gujaf-15	164	5	shleifer	shleifer	NOUN
gujaf-15	164	6	and	and	CCONJ
gujaf-15	164	7	vishny	vishny	PROPN
gujaf-15	164	8	(	(	PUNCT
gujaf-15	164	9	1997	1997	NUM
gujaf-15	164	10	)	)	PUNCT
gujaf-15	164	11	,	,	PUNCT
gujaf-15	164	12	and	and	CCONJ
gujaf-15	164	13	shleifer	shleifer	NOUN
gujaf-15	164	14	(	(	PUNCT
gujaf-15	164	15	1998	1998	NUM
gujaf-15	164	16	)	)	PUNCT
gujaf-15	164	17	ramaswamy	ramaswamy	NOUN
gujaf-15	164	18	(	(	PUNCT
gujaf-15	164	19	2001	2001	NUM
gujaf-15	164	20	)	)	PUNCT
gujaf-15	164	21	have	have	AUX
gujaf-15	164	22	drawn	draw	VERB
gujaf-15	164	23	similar	similar	ADJ
gujaf-15	164	24	conclusions	conclusion	NOUN
gujaf-15	164	25	.	.	PUNCT
gujaf-15	165	1	however	however	ADV
gujaf-15	165	2	,	,	PUNCT
gujaf-15	165	3	demsetz	demsetz	ADJ
gujaf-15	165	4	and	and	CCONJ
gujaf-15	165	5	villalonga	villalonga	ADJ
gujaf-15	165	6	(	(	PUNCT
gujaf-15	165	7	2001	2001	NUM
gujaf-15	165	8	)	)	PUNCT
gujaf-15	165	9	argued	argue	VERB
gujaf-15	165	10	that	that	SCONJ
gujaf-15	165	11	the	the	DET
gujaf-15	165	12	ownership	ownership	NOUN
gujaf-15	165	13	structure	structure	NOUN
gujaf-15	165	14	of	of	ADP
gujaf-15	165	15	a	a	DET
gujaf-15	165	16	corporation	corporation	NOUN
gujaf-15	165	17	should	should	AUX
gujaf-15	165	18	be	be	AUX
gujaf-15	165	19	thought	think	VERB
gujaf-15	165	20	of	of	ADP
gujaf-15	165	21	as	as	ADP
gujaf-15	165	22	an	an	DET
gujaf-15	165	23	endogenous	endogenous	ADJ
gujaf-15	165	24	outcome	outcome	NOUN
gujaf-15	165	25	of	of	ADP
gujaf-15	165	26	decisions	decision	NOUN
gujaf-15	165	27	that	that	PRON
gujaf-15	165	28	reflect	reflect	VERB
gujaf-15	165	29	the	the	DET
gujaf-15	165	30	influence	influence	NOUN
gujaf-15	165	31	of	of	ADP
gujaf-15	165	32	shareholders	shareholder	NOUN
gujaf-15	165	33	.	.	PUNCT
gujaf-15	166	1	another	another	DET
gujaf-15	166	2	theory	theory	NOUN
gujaf-15	166	3	that	that	PRON
gujaf-15	166	4	explains	explain	VERB
gujaf-15	166	5	the	the	DET
gujaf-15	166	6	role	role	NOUN
gujaf-15	166	7	of	of	ADP
gujaf-15	166	8	ownership	ownership	NOUN
gujaf-15	166	9	in	in	ADP
gujaf-15	166	10	corporate	corporate	ADJ
gujaf-15	166	11	governance	governance	NOUN
gujaf-15	166	12	monitoring	monitoring	NOUN
gujaf-15	166	13	and	and	CCONJ
gujaf-15	166	14	control	control	NOUN
gujaf-15	166	15	is	be	AUX
gujaf-15	166	16	the	the	DET
gujaf-15	166	17	institutional	institutional	ADJ
gujaf-15	166	18	theory	theory	NOUN
gujaf-15	166	19	.	.	PUNCT
gujaf-15	167	1	this	this	DET
gujaf-15	167	2	theory	theory	NOUN
gujaf-15	167	3	emphasizes	emphasize	VERB
gujaf-15	167	4	the	the	DET
gujaf-15	167	5	influence	influence	NOUN
gujaf-15	167	6	of	of	ADP
gujaf-15	167	7	socio	socio	NOUN
gujaf-15	167	8	-	-	PUNCT
gujaf-15	167	9	cultural	cultural	ADJ
gujaf-15	167	10	norms	norm	NOUN
gujaf-15	167	11	,	,	PUNCT
gujaf-15	167	12	beliefs	belief	NOUN
gujaf-15	167	13	and	and	CCONJ
gujaf-15	167	14	values	value	NOUN
gujaf-15	167	15	,	,	PUNCT
gujaf-15	167	16	regulatory	regulatory	ADJ
gujaf-15	167	17	and	and	CCONJ
gujaf-15	167	18	judicial	judicial	ADJ
gujaf-15	167	19	systems	system	NOUN
gujaf-15	167	20	on	on	ADP
gujaf-15	167	21	organizational	organizational	ADJ
gujaf-15	167	22	structure	structure	NOUN
gujaf-15	167	23	and	and	CCONJ
gujaf-15	167	24	behavior	behavior	NOUN
gujaf-15	167	25	.	.	PUNCT
gujaf-15	168	1	according	accord	VERB
gujaf-15	168	2	to	to	ADP
gujaf-15	168	3	north	north	NOUN
gujaf-15	168	4	(	(	PUNCT
gujaf-15	168	5	1990	1990	NUM
gujaf-15	168	6	)	)	PUNCT
gujaf-15	168	7	institutions	institution	NOUN
gujaf-15	168	8	regulate	regulate	VERB
gujaf-15	168	9	economic	economic	ADJ
gujaf-15	168	10	activities	activity	NOUN
gujaf-15	168	11	through	through	ADP
gujaf-15	168	12	formal	formal	ADJ
gujaf-15	168	13	and	and	CCONJ
gujaf-15	168	14	informal	informal	ADJ
gujaf-15	168	15	rules	rule	NOUN
gujaf-15	168	16	as	as	ADP
gujaf-15	168	17	a	a	DET
gujaf-15	168	18	basis	basis	NOUN
gujaf-15	168	19	for	for	ADP
gujaf-15	168	20	production	production	NOUN
gujaf-15	168	21	,	,	PUNCT
gujaf-15	168	22	exchange	exchange	NOUN
gujaf-15	168	23	and	and	CCONJ
gujaf-15	168	24	distribution	distribution	NOUN
gujaf-15	168	25	.	.	PUNCT
gujaf-15	169	1	in	in	ADP
gujaf-15	169	2	addition	addition	NOUN
gujaf-15	169	3	to	to	ADP
gujaf-15	169	4	these	these	DET
gujaf-15	169	5	features	feature	NOUN
gujaf-15	169	6	,	,	PUNCT
gujaf-15	169	7	emerging	emerge	VERB
gujaf-15	169	8	economies	economy	NOUN
gujaf-15	169	9	are	be	AUX
gujaf-15	169	10	characterized	characterize	VERB
gujaf-15	169	11	by	by	ADP
gujaf-15	169	12	greater	great	ADJ
gujaf-15	169	13	imperfections	imperfection	NOUN
gujaf-15	169	14	in	in	ADP
gujaf-15	169	15	the	the	DET
gujaf-15	169	16	markets	market	NOUN
gujaf-15	169	17	for	for	ADP
gujaf-15	169	18	capital	capital	NOUN
gujaf-15	169	19	,	,	PUNCT
gujaf-15	169	20	products	product	NOUN
gujaf-15	169	21	and	and	CCONJ
gujaf-15	169	22	managerial	managerial	ADJ
gujaf-15	169	23	talent	talent	NOUN
gujaf-15	169	24	.	.	PUNCT
gujaf-15	170	1	accordingly	accordingly	ADV
gujaf-15	170	2	,	,	PUNCT
gujaf-15	170	3	the	the	DET
gujaf-15	170	4	concept	concept	NOUN
gujaf-15	170	5	of	of	ADP
gujaf-15	170	6	ownership	ownership	NOUN
gujaf-15	170	7	concentration	concentration	NOUN
gujaf-15	170	8	was	be	AUX
gujaf-15	170	9	discovered	discover	VERB
gujaf-15	170	10	by	by	ADP
gujaf-15	170	11	morck	morck	PROPN
gujaf-15	170	12	,	,	PUNCT
gujaf-15	170	13	shleifer	shleifer	NOUN
gujaf-15	170	14	and	and	CCONJ
gujaf-15	170	15	vishny	vishny	PROPN
gujaf-15	170	16	(	(	PUNCT
gujaf-15	170	17	1988	1988	NUM
gujaf-15	170	18	)	)	PUNCT
gujaf-15	170	19	and	and	CCONJ
gujaf-15	170	20	shleifer	shleifer	NOUN
gujaf-15	170	21	and	and	CCONJ
gujaf-15	170	22	vishny	vishny	PROPN
gujaf-15	170	23	(	(	PUNCT
gujaf-15	170	24	1986	1986	NUM
gujaf-15	170	25	)	)	PUNCT
gujaf-15	170	26	.	.	PUNCT
gujaf-15	171	1	apparently	apparently	ADV
gujaf-15	171	2	,	,	PUNCT
gujaf-15	171	3	this	this	PRON
gujaf-15	171	4	has	have	AUX
gujaf-15	171	5	steered	steer	VERB
gujaf-15	171	6	to	to	ADP
gujaf-15	171	7	the	the	DET
gujaf-15	171	8	foundation	foundation	NOUN
gujaf-15	171	9	of	of	ADP
gujaf-15	171	10	the	the	DET
gujaf-15	171	11	agency	agency	NOUN
gujaf-15	171	12	theory	theory	NOUN
gujaf-15	171	13	in	in	ADP
gujaf-15	171	14	corporate	corporate	ADJ
gujaf-15	171	15	governance	governance	NOUN
gujaf-15	171	16	,	,	PUNCT
gujaf-15	171	17	which	which	PRON
gujaf-15	171	18	la	la	PROPN
gujaf-15	171	19	porta	porta	PROPN
gujaf-15	171	20	,	,	PUNCT
gujaf-15	171	21	lopez‐de‐silanes	lopez‐de‐silanes	PROPN
gujaf-15	171	22	,	,	PUNCT
gujaf-15	171	23	and	and	CCONJ
gujaf-15	171	24	shleifer	shleifer	PROPN
gujaf-15	171	25	(	(	PUNCT
gujaf-15	171	26	1999	1999	NUM
gujaf-15	171	27	)	)	PUNCT
gujaf-15	171	28	described	describe	VERB
gujaf-15	171	29	in	in	ADP
gujaf-15	171	30	the	the	DET
gujaf-15	171	31	formulation	formulation	NOUN
gujaf-15	171	32	of	of	ADP
gujaf-15	171	33	ultimate	ultimate	ADJ
gujaf-15	171	34	controller	controller	NOUN
gujaf-15	171	35	;	;	PUNCT
gujaf-15	171	36	they	they	PRON
gujaf-15	171	37	consider	consider	VERB
gujaf-15	171	38	voting	vote	VERB
gujaf-15	171	39	power	power	NOUN
gujaf-15	171	40	to	to	PART
gujaf-15	171	41	be	be	AUX
gujaf-15	171	42	the	the	DET
gujaf-15	171	43	definition	definition	NOUN
gujaf-15	171	44	of	of	ADP
gujaf-15	171	45	firm	firm	ADJ
gujaf-15	171	46	ownership	ownership	NOUN
gujaf-15	171	47	,	,	PUNCT
gujaf-15	171	48	rooting	root	VERB
gujaf-15	171	49	out	out	ADP
gujaf-15	171	50	that	that	SCONJ
gujaf-15	171	51	most	most	ADJ
gujaf-15	171	52	of	of	ADP
gujaf-15	171	53	controlling	control	VERB
gujaf-15	171	54	shareholders	shareholder	NOUN
gujaf-15	171	55	of	of	ADP
gujaf-15	171	56	listed	list	VERB
gujaf-15	171	57	firms	firm	NOUN
gujaf-15	171	58	control	control	VERB
gujaf-15	171	59	the	the	DET
gujaf-15	171	60	firms	firm	NOUN
gujaf-15	171	61	by	by	ADP
gujaf-15	171	62	through	through	ADP
gujaf-15	171	63	pyramid	pyramid	NOUN
gujaf-15	171	64	structure	structure	NOUN
gujaf-15	171	65	approach	approach	NOUN
gujaf-15	171	66	and	and	CCONJ
gujaf-15	171	67	cross	cross	NOUN
gujaf-15	171	68	holding	holding	NOUN
gujaf-15	171	69	,	,	PUNCT
gujaf-15	171	70	which	which	PRON
gujaf-15	171	71	in	in	ADP
gujaf-15	171	72	most	most	ADJ
gujaf-15	171	73	cases	case	NOUN
gujaf-15	171	74	could	could	AUX
gujaf-15	171	75	lead	lead	VERB
gujaf-15	171	76	to	to	ADP
gujaf-15	171	77	central	central	ADJ
gujaf-15	171	78	agency	agency	NOUN
gujaf-15	171	79	problem	problem	NOUN
gujaf-15	171	80	.	.	PUNCT
gujaf-15	172	1	in	in	ADP
gujaf-15	172	2	contrary	contrary	NOUN
gujaf-15	172	3	,	,	PUNCT
gujaf-15	172	4	the	the	DET
gujaf-15	172	5	perception	perception	NOUN
gujaf-15	172	6	of	of	ADP
gujaf-15	172	7	berle	berle	PROPN
gujaf-15	172	8	and	and	CCONJ
gujaf-15	172	9	means	mean	NOUN
gujaf-15	172	10	(	(	PUNCT
gujaf-15	172	11	1932	1932	NUM
gujaf-15	172	12	)	)	PUNCT
gujaf-15	172	13	described	describe	VERB
gujaf-15	172	14	that	that	SCONJ
gujaf-15	172	15	spreading	spread	VERB
gujaf-15	172	16	ownership	ownership	NOUN
gujaf-15	172	17	indicates	indicate	VERB
gujaf-15	172	18	that	that	SCONJ
gujaf-15	172	19	ownership	ownership	NOUN
gujaf-15	172	20	is	be	AUX
gujaf-15	172	21	separate	separate	ADJ
gujaf-15	172	22	from	from	ADP
gujaf-15	172	23	management	management	NOUN
gujaf-15	172	24	,	,	PUNCT
gujaf-15	172	25	which	which	PRON
gujaf-15	172	26	,	,	PUNCT
gujaf-15	172	27	as	as	SCONJ
gujaf-15	172	28	jensen	jensen	PROPN
gujaf-15	172	29	and	and	CCONJ
gujaf-15	172	30	meckling	meckling	NOUN
gujaf-15	172	31	(	(	PUNCT
gujaf-15	172	32	1976	1976	NUM
gujaf-15	172	33	)	)	PUNCT
gujaf-15	172	34	stressed	stress	VERB
gujaf-15	172	35	,	,	PUNCT
gujaf-15	172	36	may	may	AUX
gujaf-15	172	37	lead	lead	VERB
gujaf-15	172	38	to	to	ADP
gujaf-15	172	39	agency	agency	NOUN
gujaf-15	172	40	problems	problem	NOUN
gujaf-15	172	41	between	between	ADP
gujaf-15	172	42	managers	manager	NOUN
gujaf-15	172	43	and	and	CCONJ
gujaf-15	172	44	other	other	ADJ
gujaf-15	172	45	stakeholders	stakeholder	NOUN
gujaf-15	172	46	like	like	ADP
gujaf-15	172	47	shareholders	shareholder	NOUN
gujaf-15	172	48	and	and	CCONJ
gujaf-15	172	49	debtors	debtor	NOUN
gujaf-15	172	50	.	.	PUNCT
gujaf-15	173	1	these	these	DET
gujaf-15	173	2	two	two	NUM
gujaf-15	173	3	theories	theory	NOUN
gujaf-15	173	4	serve	serve	VERB
gujaf-15	173	5	as	as	ADP
gujaf-15	173	6	theoretical	theoretical	ADJ
gujaf-15	173	7	frameworks	framework	NOUN
gujaf-15	173	8	that	that	PRON
gujaf-15	173	9	underpin	underpin	VERB
gujaf-15	173	10	the	the	DET
gujaf-15	173	11	variables	variable	NOUN
gujaf-15	173	12	of	of	ADP
gujaf-15	173	13	the	the	DET
gujaf-15	173	14	study	study	NOUN
gujaf-15	173	15	.	.	PUNCT
gujaf-15	174	1	gujaf	gujaf	NOUN
gujaf-15	174	2	:	:	PUNCT
gujaf-15	174	3	gusau	gusau	PROPN
gujaf-15	174	4	journal	journal	NOUN
gujaf-15	174	5	of	of	ADP
gujaf-15	174	6	accounting	accounting	NOUN
gujaf-15	174	7	and	and	CCONJ
gujaf-15	174	8	finance	finance	NOUN
gujaf-15	174	9	,	,	PUNCT
gujaf-15	174	10	vol	vol	NOUN
gujaf-15	174	11	.	.	PUNCT
gujaf-15	175	1	i	i	PRON
gujaf-15	175	2	,	,	PUNCT
gujaf-15	175	3	issue	issue	NOUN
gujaf-15	175	4	1	1	NUM
gujaf-15	175	5	,	,	PUNCT
gujaf-15	175	6	april	april	PROPN
gujaf-15	175	7	,	,	PUNCT
gujaf-15	175	8	2020	2020	NUM
gujaf-15	175	9	issn	issn	VERB
gujaf-15	175	10	2756	2756	NUM
gujaf-15	175	11	-	-	PUNCT
gujaf-15	175	12	665x	665x	NOUN
gujaf-15	175	13	12	12	NUM
gujaf-15	175	14	3	3	NUM
gujaf-15	175	15	.	.	PUNCT
gujaf-15	175	16	methodology	methodology	NOUN
gujaf-15	175	17	,	,	PUNCT
gujaf-15	175	18	variables	variable	NOUN
gujaf-15	175	19	and	and	CCONJ
gujaf-15	175	20	model	model	VERB
gujaf-15	175	21	the	the	DET
gujaf-15	175	22	study	study	NOUN
gujaf-15	175	23	employed	employ	VERB
gujaf-15	175	24	correlational	correlational	ADJ
gujaf-15	175	25	research	research	NOUN
gujaf-15	175	26	design	design	NOUN
gujaf-15	175	27	.	.	PUNCT
gujaf-15	176	1	the	the	DET
gujaf-15	176	2	reason	reason	NOUN
gujaf-15	176	3	for	for	ADP
gujaf-15	176	4	employing	employ	VERB
gujaf-15	176	5	a	a	DET
gujaf-15	176	6	correlational	correlational	ADJ
gujaf-15	176	7	research	research	NOUN
gujaf-15	176	8	design	design	NOUN
gujaf-15	176	9	is	be	AUX
gujaf-15	176	10	that	that	SCONJ
gujaf-15	176	11	it	it	PRON
gujaf-15	176	12	is	be	AUX
gujaf-15	176	13	perfect	perfect	ADJ
gujaf-15	176	14	in	in	ADP
gujaf-15	176	15	establishing	establish	VERB
gujaf-15	176	16	cause	cause	NOUN
gujaf-15	176	17	and	and	CCONJ
gujaf-15	176	18	effect	effect	VERB
gujaf-15	176	19	relation	relation	NOUN
gujaf-15	176	20	among	among	ADP
gujaf-15	176	21	variables	variable	NOUN
gujaf-15	176	22	.	.	PUNCT
gujaf-15	177	1	the	the	DET
gujaf-15	177	2	population	population	NOUN
gujaf-15	177	3	of	of	ADP
gujaf-15	177	4	this	this	DET
gujaf-15	177	5	study	study	NOUN
gujaf-15	177	6	consists	consist	VERB
gujaf-15	177	7	of	of	ADP
gujaf-15	177	8	all	all	DET
gujaf-15	177	9	the	the	DET
gujaf-15	177	10	14	14	NUM
gujaf-15	177	11	listed	list	VERB
gujaf-15	177	12	deposit	deposit	NOUN
gujaf-15	177	13	money	money	NOUN
gujaf-15	177	14	banks	bank	NOUN
gujaf-15	177	15	listed	list	VERB
gujaf-15	177	16	on	on	ADP
gujaf-15	177	17	the	the	DET
gujaf-15	177	18	floor	floor	NOUN
gujaf-15	177	19	of	of	ADP
gujaf-15	177	20	the	the	DET
gujaf-15	177	21	nigerian	nigerian	ADJ
gujaf-15	177	22	stock	stock	NOUN
gujaf-15	177	23	exchange	exchange	PROPN
gujaf-15	177	24	(	(	PUNCT
gujaf-15	177	25	nse	nse	NOUN
gujaf-15	177	26	)	)	PUNCT
gujaf-15	177	27	as	as	ADP
gujaf-15	177	28	at	at	ADP
gujaf-15	177	29	31st	31st	PROPN
gujaf-15	177	30	december	december	PROPN
gujaf-15	177	31	,	,	PUNCT
gujaf-15	177	32	2019	2019	NUM
gujaf-15	177	33	.	.	PUNCT
gujaf-15	178	1	therefore	therefore	ADV
gujaf-15	178	2	,	,	PUNCT
gujaf-15	178	3	this	this	DET
gujaf-15	178	4	work	work	NOUN
gujaf-15	178	5	examines	examine	VERB
gujaf-15	178	6	the	the	DET
gujaf-15	178	7	whole	whole	ADJ
gujaf-15	178	8	population	population	NOUN
gujaf-15	178	9	of	of	ADP
gujaf-15	178	10	the	the	DET
gujaf-15	178	11	study	study	NOUN
gujaf-15	178	12	.	.	PUNCT
gujaf-15	179	1	the	the	DET
gujaf-15	179	2	study	study	NOUN
gujaf-15	179	3	adopts	adopt	VERB
gujaf-15	179	4	secondary	secondary	ADJ
gujaf-15	179	5	data	datum	NOUN
gujaf-15	179	6	;	;	PUNCT
gujaf-15	179	7	financial	financial	ADJ
gujaf-15	179	8	statements	statement	NOUN
gujaf-15	179	9	of	of	ADP
gujaf-15	179	10	all	all	DET
gujaf-15	179	11	the	the	DET
gujaf-15	179	12	sampled	sample	VERB
gujaf-15	179	13	firms	firm	NOUN
gujaf-15	179	14	for	for	ADP
gujaf-15	179	15	the	the	DET
gujaf-15	179	16	period	period	NOUN
gujaf-15	179	17	of	of	ADP
gujaf-15	179	18	10	10	NUM
gujaf-15	179	19	years	year	NOUN
gujaf-15	179	20	(	(	PUNCT
gujaf-15	179	21	2010	2010	NUM
gujaf-15	179	22	–	–	PUNCT
gujaf-15	179	23	2019	2019	NUM
gujaf-15	179	24	)	)	PUNCT
gujaf-15	179	25	was	be	AUX
gujaf-15	179	26	be	be	AUX
gujaf-15	179	27	used	use	VERB
gujaf-15	179	28	to	to	PART
gujaf-15	179	29	compute	compute	VERB
gujaf-15	179	30	ratios	ratio	NOUN
gujaf-15	179	31	that	that	PRON
gujaf-15	179	32	will	will	AUX
gujaf-15	179	33	be	be	AUX
gujaf-15	179	34	used	use	VERB
gujaf-15	179	35	for	for	ADP
gujaf-15	179	36	the	the	DET
gujaf-15	179	37	variables	variable	NOUN
gujaf-15	179	38	of	of	ADP
gujaf-15	179	39	the	the	DET
gujaf-15	179	40	study	study	NOUN
gujaf-15	179	41	.	.	PUNCT
gujaf-15	180	1	this	this	DET
gujaf-15	180	2	study	study	NOUN
gujaf-15	180	3	employed	employ	VERB
gujaf-15	180	4	panel	panel	NOUN
gujaf-15	180	5	multiple	multiple	ADJ
gujaf-15	180	6	regression	regression	NOUN
gujaf-15	180	7	technique	technique	NOUN
gujaf-15	180	8	for	for	ADP
gujaf-15	180	9	data	datum	NOUN
gujaf-15	180	10	analysis	analysis	NOUN
gujaf-15	180	11	.	.	PUNCT
gujaf-15	181	1	this	this	PRON
gujaf-15	181	2	is	be	AUX
gujaf-15	181	3	because	because	SCONJ
gujaf-15	181	4	regression	regression	NOUN
gujaf-15	181	5	technique	technique	NOUN
gujaf-15	181	6	analysis	analysis	NOUN
gujaf-15	181	7	is	be	AUX
gujaf-15	181	8	effective	effective	ADJ
gujaf-15	181	9	and	and	CCONJ
gujaf-15	181	10	efficient	efficient	ADJ
gujaf-15	181	11	in	in	ADP
gujaf-15	181	12	providing	provide	VERB
gujaf-15	181	13	statistical	statistical	ADJ
gujaf-15	181	14	estimate	estimate	NOUN
gujaf-15	181	15	of	of	ADP
gujaf-15	181	16	the	the	DET
gujaf-15	181	17	relationship	relationship	NOUN
gujaf-15	181	18	or	or	CCONJ
gujaf-15	181	19	impact	impact	NOUN
gujaf-15	181	20	of	of	ADP
gujaf-15	181	21	one	one	NUM
gujaf-15	181	22	variable(s	variable(s	NOUN
gujaf-15	181	23	)	)	PUNCT
gujaf-15	181	24	on	on	ADP
gujaf-15	181	25	another	another	DET
gujaf-15	181	26	variable	variable	NOUN
gujaf-15	181	27	.	.	PUNCT
gujaf-15	182	1	hence	hence	ADV
gujaf-15	182	2	,	,	PUNCT
gujaf-15	182	3	this	this	PRON
gujaf-15	182	4	is	be	AUX
gujaf-15	182	5	in	in	ADP
gujaf-15	182	6	agreement	agreement	NOUN
gujaf-15	182	7	with	with	ADP
gujaf-15	182	8	the	the	DET
gujaf-15	182	9	objectives	objective	NOUN
gujaf-15	182	10	of	of	ADP
gujaf-15	182	11	the	the	DET
gujaf-15	182	12	study	study	NOUN
gujaf-15	182	13	which	which	PRON
gujaf-15	182	14	is	be	AUX
gujaf-15	182	15	to	to	PART
gujaf-15	182	16	examine	examine	VERB
gujaf-15	182	17	the	the	DET
gujaf-15	182	18	effects	effect	NOUN
gujaf-15	182	19	of	of	ADP
gujaf-15	182	20	corporate	corporate	ADJ
gujaf-15	182	21	ownership	ownership	NOUN
gujaf-15	182	22	structure	structure	NOUN
gujaf-15	182	23	on	on	ADP
gujaf-15	182	24	investors	investor	NOUN
gujaf-15	182	25	’	'	PUNCT
gujaf-15	182	26	confidence	confidence	NOUN
gujaf-15	182	27	in	in	ADP
gujaf-15	182	28	the	the	DET
gujaf-15	182	29	deposit	deposit	NOUN
gujaf-15	182	30	money	money	NOUN
gujaf-15	182	31	banks	bank	NOUN
gujaf-15	182	32	in	in	ADP
gujaf-15	182	33	nigeria	nigeria	PROPN
gujaf-15	182	34	.	.	PUNCT
gujaf-15	183	1	the	the	DET
gujaf-15	183	2	study	study	NOUN
gujaf-15	183	3	employed	employ	VERB
gujaf-15	183	4	appropriate	appropriate	ADJ
gujaf-15	183	5	robustness	robustness	NOUN
gujaf-15	183	6	tests	test	NOUN
gujaf-15	183	7	which	which	PRON
gujaf-15	183	8	include	include	VERB
gujaf-15	183	9	test	test	NOUN
gujaf-15	183	10	for	for	ADP
gujaf-15	183	11	heteroskedasticity	heteroskedasticity	NOUN
gujaf-15	183	12	,	,	PUNCT
gujaf-15	183	13	autocorrelation	autocorrelation	NOUN
gujaf-15	183	14	and	and	CCONJ
gujaf-15	183	15	multicolinearity	multicolinearity	NOUN
gujaf-15	183	16	to	to	PART
gujaf-15	183	17	ensure	ensure	VERB
gujaf-15	183	18	fitness	fitness	NOUN
gujaf-15	183	19	and	and	CCONJ
gujaf-15	183	20	validity	validity	NOUN
gujaf-15	183	21	of	of	ADP
gujaf-15	183	22	the	the	DET
gujaf-15	183	23	results	result	NOUN
gujaf-15	183	24	.	.	PUNCT
gujaf-15	184	1	hausman	hausman	PROPN
gujaf-15	184	2	specification	specification	PROPN
gujaf-15	184	3	test	test	NOUN
gujaf-15	184	4	and	and	CCONJ
gujaf-15	184	5	breusch	breusch	NOUN
gujaf-15	184	6	and	and	CCONJ
gujaf-15	184	7	pagan	pagan	VERB
gujaf-15	184	8	lagrangian	lagrangian	ADJ
gujaf-15	184	9	multiplier	multipli	ADJ
gujaf-15	184	10	test	test	NOUN
gujaf-15	184	11	for	for	ADP
gujaf-15	184	12	random	random	ADJ
gujaf-15	184	13	effects	effect	NOUN
gujaf-15	184	14	were	be	AUX
gujaf-15	184	15	also	also	ADV
gujaf-15	184	16	conducted	conduct	VERB
gujaf-15	184	17	to	to	PART
gujaf-15	184	18	decide	decide	VERB
gujaf-15	184	19	between	between	ADP
gujaf-15	184	20	fixed	fix	VERB
gujaf-15	184	21	and	and	CCONJ
gujaf-15	184	22	random	random	ADJ
gujaf-15	184	23	effect	effect	NOUN
gujaf-15	184	24	results	result	NOUN
gujaf-15	184	25	as	as	ADP
gujaf-15	184	26	to	to	ADP
gujaf-15	184	27	which	which	PRON
gujaf-15	184	28	is	be	AUX
gujaf-15	184	29	more	more	ADV
gujaf-15	184	30	appropriate	appropriate	ADJ
gujaf-15	184	31	and	and	CCONJ
gujaf-15	184	32	suitable	suitable	ADJ
gujaf-15	184	33	for	for	ADP
gujaf-15	184	34	interpretation	interpretation	NOUN
gujaf-15	184	35	.	.	PUNCT
gujaf-15	185	1	in	in	ADP
gujaf-15	185	2	addition	addition	NOUN
gujaf-15	185	3	,	,	PUNCT
gujaf-15	185	4	data	data	NOUN
gujaf-15	185	5	normality	normality	NOUN
gujaf-15	185	6	test	test	NOUN
gujaf-15	185	7	has	have	AUX
gujaf-15	185	8	been	be	AUX
gujaf-15	185	9	applied	apply	VERB
gujaf-15	185	10	;	;	PUNCT
gujaf-15	185	11	in	in	ADP
gujaf-15	185	12	essence	essence	NOUN
gujaf-15	185	13	,	,	PUNCT
gujaf-15	185	14	the	the	DET
gujaf-15	185	15	study	study	NOUN
gujaf-15	185	16	in	in	ADP
gujaf-15	185	17	this	this	DET
gujaf-15	185	18	regard	regard	NOUN
gujaf-15	185	19	ensured	ensure	VERB
gujaf-15	185	20	that	that	SCONJ
gujaf-15	185	21	the	the	DET
gujaf-15	185	22	results	result	NOUN
gujaf-15	185	23	produced	produce	VERB
gujaf-15	185	24	estimators	estimator	NOUN
gujaf-15	185	25	that	that	PRON
gujaf-15	185	26	are	be	AUX
gujaf-15	185	27	best	good	ADJ
gujaf-15	185	28	linear	linear	ADJ
gujaf-15	185	29	unbiased	unbiased	ADJ
gujaf-15	185	30	estimators	estimator	NOUN
gujaf-15	185	31	(	(	PUNCT
gujaf-15	185	32	blue	blue	ADJ
gujaf-15	185	33	)	)	PUNCT
gujaf-15	185	34	.	.	PUNCT
gujaf-15	186	1	the	the	DET
gujaf-15	186	2	measurement	measurement	NOUN
gujaf-15	186	3	of	of	ADP
gujaf-15	186	4	the	the	DET
gujaf-15	186	5	variables	variable	NOUN
gujaf-15	186	6	of	of	ADP
gujaf-15	186	7	the	the	DET
gujaf-15	186	8	study	study	NOUN
gujaf-15	186	9	is	be	AUX
gujaf-15	186	10	presented	present	VERB
gujaf-15	186	11	in	in	ADP
gujaf-15	186	12	this	this	DET
gujaf-15	186	13	section	section	NOUN
gujaf-15	186	14	,	,	PUNCT
gujaf-15	186	15	as	as	SCONJ
gujaf-15	186	16	indicated	indicate	VERB
gujaf-15	186	17	by	by	ADP
gujaf-15	186	18	table	table	NOUN
gujaf-15	186	19	1	1	NUM
gujaf-15	186	20	as	as	SCONJ
gujaf-15	186	21	follows	follow	VERB
gujaf-15	186	22	;	;	PUNCT
gujaf-15	186	23	gujaf	gujaf	NOUN
gujaf-15	186	24	:	:	PUNCT
gujaf-15	186	25	gusau	gusau	PROPN
gujaf-15	186	26	journal	journal	NOUN
gujaf-15	186	27	of	of	ADP
gujaf-15	186	28	accounting	accounting	NOUN
gujaf-15	186	29	and	and	CCONJ
gujaf-15	186	30	finance	finance	NOUN
gujaf-15	186	31	,	,	PUNCT
gujaf-15	186	32	vol	vol	NOUN
gujaf-15	186	33	.	.	PUNCT
gujaf-15	187	1	i	i	PRON
gujaf-15	187	2	,	,	PUNCT
gujaf-15	187	3	issue	issue	NOUN
gujaf-15	187	4	1	1	NUM
gujaf-15	187	5	,	,	PUNCT
gujaf-15	187	6	april	april	PROPN
gujaf-15	187	7	,	,	PUNCT
gujaf-15	187	8	2020	2020	NUM
gujaf-15	187	9	issn	issn	VERB
gujaf-15	187	10	2756	2756	NUM
gujaf-15	187	11	-	-	PUNCT
gujaf-15	187	12	665x	665x	NOUN
gujaf-15	187	13	13	13	NUM
gujaf-15	187	14	table	table	NOUN
gujaf-15	187	15	1	1	NUM
gujaf-15	187	16	:	:	PUNCT
gujaf-15	187	17	variables	variable	VERB
gujaf-15	187	18	definition	definition	NOUN
gujaf-15	187	19	and	and	CCONJ
gujaf-15	187	20	measurement	measurement	NOUN
gujaf-15	187	21	variables	variable	NOUN
gujaf-15	187	22	definition	definition	NOUN
gujaf-15	187	23	/	/	SYM
gujaf-15	187	24	measurements	measurement	NOUN
gujaf-15	187	25	dependent	dependent	ADJ
gujaf-15	187	26	variable	variable	ADJ
gujaf-15	187	27	investor	investor	NOUN
gujaf-15	187	28	confidence	confidence	NOUN
gujaf-15	187	29	(	(	PUNCT
gujaf-15	187	30	invc	invc	NOUN
gujaf-15	187	31	)	)	PUNCT
gujaf-15	187	32	is	be	AUX
gujaf-15	187	33	defined	define	VERB
gujaf-15	187	34	as	as	SCONJ
gujaf-15	187	35	the	the	DET
gujaf-15	187	36	price	price	NOUN
gujaf-15	187	37	-	-	PUNCT
gujaf-15	187	38	to	to	ADP
gujaf-15	187	39	-	-	PUNCT
gujaf-15	187	40	book	book	NOUN
gujaf-15	187	41	(	(	PUNCT
gujaf-15	187	42	p	p	PROPN
gujaf-15	187	43	/	/	SYM
gujaf-15	187	44	b	b	NOUN
gujaf-15	187	45	)	)	PUNCT
gujaf-15	187	46	ratio	ratio	NOUN
gujaf-15	187	47	consistent	consistent	ADJ
gujaf-15	187	48	with	with	ADP
gujaf-15	187	49	li	li	PROPN
gujaf-15	187	50	et	et	PROPN
gujaf-15	187	51	al	al	PROPN
gujaf-15	187	52	.	.	PROPN
gujaf-15	187	53	,	,	PUNCT
gujaf-15	187	54	(	(	PUNCT
gujaf-15	187	55	2016	2016	NUM
gujaf-15	187	56	)	)	PUNCT
gujaf-15	187	57	independent	independent	ADJ
gujaf-15	187	58	variables	variable	NOUN
gujaf-15	187	59	institutional	institutional	ADJ
gujaf-15	187	60	ownership	ownership	NOUN
gujaf-15	187	61	(	(	PUNCT
gujaf-15	187	62	insow	insow	PROPN
gujaf-15	187	63	)	)	PUNCT
gujaf-15	187	64	is	be	AUX
gujaf-15	187	65	measured	measure	VERB
gujaf-15	187	66	by	by	ADP
gujaf-15	187	67	the	the	DET
gujaf-15	187	68	proportion	proportion	NOUN
gujaf-15	187	69	of	of	ADP
gujaf-15	187	70	equity	equity	NOUN
gujaf-15	187	71	capital	capital	NOUN
gujaf-15	187	72	own	own	ADJ
gujaf-15	187	73	by	by	ADP
gujaf-15	187	74	institutions	institution	NOUN
gujaf-15	187	75	at	at	ADP
gujaf-15	187	76	the	the	DET
gujaf-15	187	77	end	end	NOUN
gujaf-15	187	78	of	of	ADP
gujaf-15	187	79	the	the	DET
gujaf-15	187	80	accounting	accounting	NOUN
gujaf-15	187	81	year	year	NOUN
gujaf-15	187	82	.	.	PUNCT
gujaf-15	188	1	insider	insider	NOUN
gujaf-15	188	2	ownership	ownership	NOUN
gujaf-15	188	3	(	(	PUNCT
gujaf-15	188	4	indow	indow	NOUN
gujaf-15	188	5	)	)	PUNCT
gujaf-15	188	6	is	be	AUX
gujaf-15	188	7	measured	measure	VERB
gujaf-15	188	8	by	by	ADP
gujaf-15	188	9	the	the	DET
gujaf-15	188	10	proportion	proportion	NOUN
gujaf-15	188	11	of	of	ADP
gujaf-15	188	12	equity	equity	NOUN
gujaf-15	188	13	shares	share	NOUN
gujaf-15	188	14	own	own	ADJ
gujaf-15	188	15	by	by	ADP
gujaf-15	188	16	insiders	insider	NOUN
gujaf-15	188	17	(	(	PUNCT
gujaf-15	188	18	directors	director	NOUN
gujaf-15	188	19	and	and	CCONJ
gujaf-15	188	20	managers	manager	NOUN
gujaf-15	188	21	)	)	PUNCT
gujaf-15	188	22	at	at	ADP
gujaf-15	188	23	the	the	DET
gujaf-15	188	24	end	end	NOUN
gujaf-15	188	25	of	of	ADP
gujaf-15	188	26	accounting	accounting	NOUN
gujaf-15	188	27	period	period	NOUN
gujaf-15	188	28	.	.	PUNCT
gujaf-15	189	1	foreign	foreign	ADJ
gujaf-15	189	2	ownership	ownership	NOUN
gujaf-15	189	3	(	(	PUNCT
gujaf-15	189	4	frnow	frnow	NOUN
gujaf-15	189	5	)	)	PUNCT
gujaf-15	189	6	is	be	AUX
gujaf-15	189	7	measured	measure	VERB
gujaf-15	189	8	by	by	ADP
gujaf-15	189	9	the	the	DET
gujaf-15	189	10	proportion	proportion	NOUN
gujaf-15	189	11	of	of	ADP
gujaf-15	189	12	equity	equity	NOUN
gujaf-15	189	13	capital	capital	NOUN
gujaf-15	189	14	own	own	ADJ
gujaf-15	189	15	by	by	ADP
gujaf-15	189	16	non	non	ADJ
gujaf-15	189	17	-	-	ADJ
gujaf-15	189	18	nigerian	nigerian	ADJ
gujaf-15	189	19	citizens	citizen	NOUN
gujaf-15	189	20	and	and	CCONJ
gujaf-15	189	21	institutions	institution	NOUN
gujaf-15	189	22	at	at	ADP
gujaf-15	189	23	the	the	DET
gujaf-15	189	24	end	end	NOUN
gujaf-15	189	25	of	of	ADP
gujaf-15	189	26	the	the	DET
gujaf-15	189	27	accounting	accounting	NOUN
gujaf-15	189	28	year	year	NOUN
gujaf-15	189	29	.	.	PUNCT
gujaf-15	190	1	block	block	NOUN
gujaf-15	190	2	ownership	ownership	NOUN
gujaf-15	190	3	(	(	PUNCT
gujaf-15	190	4	blcow	blcow	PROPN
gujaf-15	190	5	)	)	PUNCT
gujaf-15	190	6	is	be	AUX
gujaf-15	190	7	measured	measure	VERB
gujaf-15	190	8	by	by	ADP
gujaf-15	190	9	the	the	DET
gujaf-15	190	10	proportion	proportion	NOUN
gujaf-15	190	11	of	of	ADP
gujaf-15	190	12	5	5	NUM
gujaf-15	190	13	%	%	NOUN
gujaf-15	190	14	and	and	CCONJ
gujaf-15	190	15	above	above	ADP
gujaf-15	190	16	equity	equity	NOUN
gujaf-15	190	17	capital	capital	NOUN
gujaf-15	190	18	ownership	ownership	NOUN
gujaf-15	190	19	at	at	ADP
gujaf-15	190	20	the	the	DET
gujaf-15	190	21	end	end	NOUN
gujaf-15	190	22	of	of	ADP
gujaf-15	190	23	the	the	DET
gujaf-15	190	24	accounting	accounting	NOUN
gujaf-15	190	25	year	year	NOUN
gujaf-15	190	26	.	.	PUNCT
gujaf-15	191	1	control	control	PROPN
gujaf-15	191	2	variables	variables	PROPN
gujaf-15	191	3	board	board	PROPN
gujaf-15	191	4	independence	independence	NOUN
gujaf-15	191	5	(	(	PUNCT
gujaf-15	191	6	bind	bind	NOUN
gujaf-15	191	7	)	)	PUNCT
gujaf-15	191	8	is	be	AUX
gujaf-15	191	9	measured	measure	VERB
gujaf-15	191	10	by	by	ADP
gujaf-15	191	11	the	the	DET
gujaf-15	191	12	proportion	proportion	NOUN
gujaf-15	191	13	of	of	ADP
gujaf-15	191	14	outside	outside	ADJ
gujaf-15	191	15	/	/	SYM
gujaf-15	191	16	nonexecutive	nonexecutive	ADJ
gujaf-15	191	17	/	/	SYM
gujaf-15	191	18	independent	independent	ADJ
gujaf-15	191	19	directors	director	NOUN
gujaf-15	191	20	to	to	PART
gujaf-15	191	21	total	total	VERB
gujaf-15	191	22	directors	director	NOUN
gujaf-15	191	23	at	at	ADP
gujaf-15	191	24	the	the	DET
gujaf-15	191	25	end	end	NOUN
gujaf-15	191	26	of	of	ADP
gujaf-15	191	27	accounting	accounting	NOUN
gujaf-15	191	28	period	period	NOUN
gujaf-15	191	29	.	.	PUNCT
gujaf-15	192	1	source	source	NOUN
gujaf-15	192	2	:	:	PUNCT
gujaf-15	192	3	authors	author	NOUN
gujaf-15	192	4	compilation	compilation	NOUN
gujaf-15	192	5	,	,	PUNCT
gujaf-15	192	6	2020	2020	NUM
gujaf-15	192	7	in	in	ADP
gujaf-15	192	8	order	order	NOUN
gujaf-15	192	9	to	to	PART
gujaf-15	192	10	estimate	estimate	VERB
gujaf-15	192	11	the	the	DET
gujaf-15	192	12	effect	effect	NOUN
gujaf-15	192	13	of	of	ADP
gujaf-15	192	14	ownership	ownership	NOUN
gujaf-15	192	15	structure	structure	NOUN
gujaf-15	192	16	on	on	ADP
gujaf-15	192	17	investor	investor	NOUN
gujaf-15	192	18	confidence	confidence	NOUN
gujaf-15	192	19	,	,	PUNCT
gujaf-15	192	20	the	the	DET
gujaf-15	192	21	following	follow	VERB
gujaf-15	192	22	econometric	econometric	ADJ
gujaf-15	192	23	models	model	NOUN
gujaf-15	192	24	will	will	AUX
gujaf-15	192	25	be	be	AUX
gujaf-15	192	26	used	use	VERB
gujaf-15	192	27	:	:	PUNCT
gujaf-15	193	1	invcit	invcit	PROPN
gujaf-15	193	2	=	=	SYM
gujaf-15	193	3	β0	β0	PROPN
gujaf-15	193	4	+	+	CCONJ
gujaf-15	193	5	β1insowit	β1insowit	NOUN
gujaf-15	193	6	+	+	CCONJ
gujaf-15	193	7	β2indowit	β2indowit	NOUN
gujaf-15	193	8	+	+	CCONJ
gujaf-15	193	9	β3frnowit+	β3frnowit+	NOUN
gujaf-15	193	10	β4blcowit	β4blcowit	NOUN
gujaf-15	193	11	+	+	CCONJ
gujaf-15	193	12	β5bindit	β5bindit	NOUN
gujaf-15	193	13	+	+	CCONJ
gujaf-15	193	14	εit	εit	VERB
gujaf-15	193	15	where	where	SCONJ
gujaf-15	193	16	:	:	PUNCT
gujaf-15	193	17	invcit	invcit	PROPN
gujaf-15	193	18	=	=	PUNCT
gujaf-15	193	19	the	the	DET
gujaf-15	193	20	p	p	PROPN
gujaf-15	193	21	/	/	SYM
gujaf-15	193	22	b	b	NOUN
gujaf-15	193	23	ratio	ratio	NOUN
gujaf-15	193	24	of	of	ADP
gujaf-15	193	25	bank	bank	NOUN
gujaf-15	193	26	i	i	PRON
gujaf-15	193	27	in	in	ADP
gujaf-15	193	28	year	year	NOUN
gujaf-15	193	29	t.	t.	NOUN
gujaf-15	193	30	insowit	insowit	NOUN
gujaf-15	193	31	=	=	PUNCT
gujaf-15	193	32	institutional	institutional	ADJ
gujaf-15	193	33	ownership	ownership	NOUN
gujaf-15	193	34	in	in	ADP
gujaf-15	193	35	bank	bank	PROPN
gujaf-15	193	36	i	i	PRON
gujaf-15	193	37	in	in	ADP
gujaf-15	193	38	year	year	NOUN
gujaf-15	193	39	t.	t.	PROPN
gujaf-15	193	40	indowit	indowit	PROPN
gujaf-15	193	41	=	=	PROPN
gujaf-15	193	42	insider	insider	NOUN
gujaf-15	193	43	ownership	ownership	NOUN
gujaf-15	193	44	of	of	ADP
gujaf-15	193	45	bank	bank	NOUN
gujaf-15	193	46	i	i	PRON
gujaf-15	193	47	in	in	ADP
gujaf-15	193	48	year	year	NOUN
gujaf-15	193	49	t.	t.	NOUN
gujaf-15	193	50	frnowit	frnowit	NOUN
gujaf-15	193	51	=	=	PUNCT
gujaf-15	193	52	foreign	foreign	ADJ
gujaf-15	193	53	ownership	ownership	NOUN
gujaf-15	193	54	of	of	ADP
gujaf-15	193	55	bank	bank	NOUN
gujaf-15	193	56	i	i	PRON
gujaf-15	193	57	in	in	ADP
gujaf-15	193	58	year	year	NOUN
gujaf-15	193	59	t.	t.	PROPN
gujaf-15	193	60	blcowit	blcowit	PROPN
gujaf-15	193	61	=	=	PROPN
gujaf-15	193	62	block	block	NOUN
gujaf-15	193	63	ownership	ownership	NOUN
gujaf-15	193	64	of	of	ADP
gujaf-15	193	65	bank	bank	NOUN
gujaf-15	193	66	i	i	PRON
gujaf-15	193	67	in	in	ADP
gujaf-15	193	68	year	year	NOUN
gujaf-15	193	69	t.	t.	PROPN
gujaf-15	193	70	bindit	bindit	NOUN
gujaf-15	193	71	=	=	SYM
gujaf-15	193	72	board	board	NOUN
gujaf-15	193	73	independence	independence	NOUN
gujaf-15	193	74	of	of	ADP
gujaf-15	193	75	bank	bank	PROPN
gujaf-15	193	76	i	i	PRON
gujaf-15	193	77	in	in	ADP
gujaf-15	193	78	year	year	NOUN
gujaf-15	193	79	t.	t.	NOUN
gujaf-15	193	80	intercept	intercept	PROPN
gujaf-15	193	81	=	=	PROPN
gujaf-15	193	82	β0	β0	NOUN
gujaf-15	193	83	;	;	PUNCT
gujaf-15	193	84	β1,β7	β1,β7	PUNCT
gujaf-15	193	85	=	=	SYM
gujaf-15	193	86	coefficients	coefficient	VERB
gujaf-15	193	87	εit	εit	NOUN
gujaf-15	193	88	=	=	SYM
gujaf-15	193	89	stochastic	stochastic	NOUN
gujaf-15	193	90	error	error	NOUN
gujaf-15	193	91	term	term	NOUN
gujaf-15	193	92	/	/	SYM
gujaf-15	193	93	residual	residual	ADJ
gujaf-15	193	94	gujaf	gujaf	NOUN
gujaf-15	193	95	:	:	PUNCT
gujaf-15	193	96	gusau	gusau	PROPN
gujaf-15	193	97	journal	journal	NOUN
gujaf-15	193	98	of	of	ADP
gujaf-15	193	99	accounting	accounting	NOUN
gujaf-15	193	100	and	and	CCONJ
gujaf-15	193	101	finance	finance	NOUN
gujaf-15	193	102	,	,	PUNCT
gujaf-15	193	103	vol	vol	NOUN
gujaf-15	193	104	.	.	PUNCT
gujaf-15	194	1	i	i	PRON
gujaf-15	194	2	,	,	PUNCT
gujaf-15	194	3	issue	issue	NOUN
gujaf-15	194	4	1	1	NUM
gujaf-15	194	5	,	,	PUNCT
gujaf-15	194	6	april	april	PROPN
gujaf-15	194	7	,	,	PUNCT
gujaf-15	194	8	2020	2020	NUM
gujaf-15	194	9	issn	issn	VERB
gujaf-15	194	10	2756	2756	NUM
gujaf-15	194	11	-	-	PUNCT
gujaf-15	194	12	665x	665x	NOUN
gujaf-15	194	13	14	14	NUM
gujaf-15	194	14	4	4	NUM
gujaf-15	194	15	.	.	PUNCT
gujaf-15	195	1	findings	finding	NOUN
gujaf-15	195	2	table	table	NOUN
gujaf-15	195	3	2	2	NUM
gujaf-15	195	4	below	below	ADP
gujaf-15	195	5	presents	present	VERB
gujaf-15	195	6	the	the	DET
gujaf-15	195	7	summary	summary	NOUN
gujaf-15	195	8	of	of	ADP
gujaf-15	195	9	the	the	DET
gujaf-15	195	10	descriptive	descriptive	ADJ
gujaf-15	195	11	statistics	statistic	NOUN
gujaf-15	195	12	which	which	PRON
gujaf-15	195	13	is	be	AUX
gujaf-15	195	14	the	the	DET
gujaf-15	195	15	minimum	minimum	ADJ
gujaf-15	195	16	,	,	PUNCT
gujaf-15	195	17	maximum	maximum	ADJ
gujaf-15	195	18	,	,	PUNCT
gujaf-15	195	19	mean	mean	ADJ
gujaf-15	195	20	and	and	CCONJ
gujaf-15	195	21	standard	standard	ADJ
gujaf-15	195	22	deviation	deviation	NOUN
gujaf-15	195	23	of	of	ADP
gujaf-15	195	24	the	the	DET
gujaf-15	195	25	variables	variable	NOUN
gujaf-15	195	26	.	.	PUNCT
gujaf-15	196	1	table	table	NOUN
gujaf-15	196	2	2	2	NUM
gujaf-15	196	3	:	:	PUNCT
gujaf-15	196	4	descriptive	descriptive	ADJ
gujaf-15	196	5	statistics	statistic	NOUN
gujaf-15	196	6	variable	variable	ADJ
gujaf-15	196	7	minimum	minimum	ADJ
gujaf-15	196	8	maximum	maximum	ADJ
gujaf-15	196	9	mean	mean	ADJ
gujaf-15	196	10	std	std	PROPN
gujaf-15	196	11	.	.	PROPN
gujaf-15	197	1	dev	dev	PROPN
gujaf-15	197	2	.	.	PROPN
gujaf-15	197	3	invc	invc	PROPN
gujaf-15	197	4	insow	insow	PROPN
gujaf-15	197	5	indow	indow	PROPN
gujaf-15	197	6	frnow	frnow	PROPN
gujaf-15	197	7	blcow	blcow	PROPN
gujaf-15	197	8	bind	bind	VERB
gujaf-15	197	9	0.3619	0.3619	NUM
gujaf-15	197	10	0.0000	0.0000	NUM
gujaf-15	197	11	0.1504	0.1504	NUM
gujaf-15	197	12	0.0383	0.0383	NUM
gujaf-15	197	13	0.0000	0.0000	NUM
gujaf-15	197	14	0.0000	0.0000	NUM
gujaf-15	197	15	0.8540	0.8540	NUM
gujaf-15	197	16	4.2155	4.2155	NUM
gujaf-15	197	17	15.4455	15.4455	NUM
gujaf-15	197	18	0.8214	0.8214	NUM
gujaf-15	197	19	4.4342	4.4342	NUM
gujaf-15	197	20	1.0000	1.0000	NUM
gujaf-15	197	21	0.1202	0.1202	NUM
gujaf-15	197	22	1.1432	1.1432	NUM
gujaf-15	197	23	3.3421	3.3421	NUM
gujaf-15	197	24	0.1274	0.1274	NUM
gujaf-15	197	25	0.7392	0.7392	NUM
gujaf-15	197	26	0.6863	0.6863	NUM
gujaf-15	197	27	0.0514	0.0514	NUM
gujaf-15	197	28	0.4625	0.4625	NUM
gujaf-15	197	29	2.2394	2.2394	NUM
gujaf-15	197	30	0.7322	0.7322	NUM
gujaf-15	197	31	0.5288	0.5288	NUM
gujaf-15	197	32	0.3012	0.3012	NUM
gujaf-15	197	33	source	source	NOUN
gujaf-15	197	34	:	:	PUNCT
gujaf-15	197	35	output	output	NOUN
gujaf-15	197	36	of	of	ADP
gujaf-15	197	37	stata	stata	NOUN
gujaf-15	197	38	,	,	PUNCT
gujaf-15	197	39	2020	2020	NUM
gujaf-15	197	40	table	table	NOUN
gujaf-15	197	41	2	2	NUM
gujaf-15	197	42	above	above	ADP
gujaf-15	197	43	presents	present	VERB
gujaf-15	197	44	the	the	DET
gujaf-15	197	45	detailed	detailed	ADJ
gujaf-15	197	46	account	account	NOUN
gujaf-15	197	47	of	of	ADP
gujaf-15	197	48	the	the	DET
gujaf-15	197	49	descriptive	descriptive	ADJ
gujaf-15	197	50	statistics	statistic	NOUN
gujaf-15	197	51	of	of	ADP
gujaf-15	197	52	the	the	DET
gujaf-15	197	53	dependent	dependent	ADJ
gujaf-15	197	54	and	and	CCONJ
gujaf-15	197	55	independent	independent	ADJ
gujaf-15	197	56	variables	variable	NOUN
gujaf-15	197	57	.	.	PUNCT
gujaf-15	198	1	from	from	ADP
gujaf-15	198	2	the	the	DET
gujaf-15	198	3	table	table	NOUN
gujaf-15	198	4	,	,	PUNCT
gujaf-15	198	5	investors	investor	NOUN
gujaf-15	198	6	’	'	PUNCT
gujaf-15	198	7	confidence	confidence	NOUN
gujaf-15	198	8	has	have	VERB
gujaf-15	198	9	a	a	DET
gujaf-15	198	10	minimum	minimum	ADJ
gujaf-15	198	11	value	value	NOUN
gujaf-15	198	12	of	of	ADP
gujaf-15	198	13	0.3619	0.3619	NUM
gujaf-15	198	14	and	and	CCONJ
gujaf-15	198	15	0.8540	0.8540	NUM
gujaf-15	198	16	as	as	ADP
gujaf-15	198	17	maximum	maximum	ADJ
gujaf-15	198	18	value	value	NOUN
gujaf-15	198	19	.	.	PUNCT
gujaf-15	199	1	the	the	DET
gujaf-15	199	2	variable	variable	NOUN
gujaf-15	199	3	also	also	ADV
gujaf-15	199	4	has	have	VERB
gujaf-15	199	5	a	a	DET
gujaf-15	199	6	mean	mean	ADJ
gujaf-15	199	7	value	value	NOUN
gujaf-15	199	8	of	of	ADP
gujaf-15	199	9	0.1202	0.1202	NUM
gujaf-15	199	10	and	and	CCONJ
gujaf-15	199	11	a	a	DET
gujaf-15	199	12	standard	standard	ADJ
gujaf-15	199	13	deviation	deviation	NOUN
gujaf-15	199	14	of	of	ADP
gujaf-15	199	15	0.0514	0.0514	NUM
gujaf-15	199	16	that	that	PRON
gujaf-15	199	17	showed	show	VERB
gujaf-15	199	18	that	that	SCONJ
gujaf-15	199	19	there	there	PRON
gujaf-15	199	20	is	be	VERB
gujaf-15	199	21	relative	relative	ADJ
gujaf-15	199	22	discrepancy	discrepancy	NOUN
gujaf-15	199	23	in	in	ADP
gujaf-15	199	24	investors	investor	NOUN
gujaf-15	199	25	’	'	PUNCT
gujaf-15	199	26	confidence	confidence	NOUN
gujaf-15	199	27	in	in	ADP
gujaf-15	199	28	different	different	ADJ
gujaf-15	199	29	years	year	NOUN
gujaf-15	199	30	in	in	ADP
gujaf-15	199	31	the	the	DET
gujaf-15	199	32	sampled	sample	VERB
gujaf-15	199	33	deposit	deposit	NOUN
gujaf-15	199	34	money	money	NOUN
gujaf-15	199	35	banks	bank	NOUN
gujaf-15	199	36	.	.	PUNCT
gujaf-15	200	1	it	it	PRON
gujaf-15	200	2	can	can	AUX
gujaf-15	200	3	also	also	ADV
gujaf-15	200	4	be	be	AUX
gujaf-15	200	5	seen	see	VERB
gujaf-15	200	6	from	from	ADP
gujaf-15	200	7	the	the	DET
gujaf-15	200	8	minimum	minimum	NOUN
gujaf-15	200	9	value	value	NOUN
gujaf-15	200	10	that	that	PRON
gujaf-15	200	11	a	a	DET
gujaf-15	200	12	lot	lot	NOUN
gujaf-15	200	13	of	of	ADP
gujaf-15	200	14	investors	investor	NOUN
gujaf-15	200	15	have	have	VERB
gujaf-15	200	16	lower	low	ADJ
gujaf-15	200	17	confidence	confidence	NOUN
gujaf-15	200	18	.	.	PUNCT
gujaf-15	201	1	this	this	PRON
gujaf-15	201	2	may	may	AUX
gujaf-15	201	3	be	be	AUX
gujaf-15	201	4	because	because	SCONJ
gujaf-15	201	5	of	of	ADP
gujaf-15	201	6	the	the	DET
gujaf-15	201	7	corporate	corporate	ADJ
gujaf-15	201	8	failures	failure	NOUN
gujaf-15	201	9	that	that	PRON
gujaf-15	201	10	rocked	rock	VERB
gujaf-15	201	11	the	the	DET
gujaf-15	201	12	banking	banking	NOUN
gujaf-15	201	13	industry	industry	NOUN
gujaf-15	201	14	in	in	ADP
gujaf-15	201	15	recent	recent	ADJ
gujaf-15	201	16	times	time	NOUN
gujaf-15	201	17	and	and	CCONJ
gujaf-15	201	18	that	that	PRON
gujaf-15	201	19	have	have	AUX
gujaf-15	201	20	damaged	damage	VERB
gujaf-15	201	21	investor	investor	NOUN
gujaf-15	201	22	interests	interest	NOUN
gujaf-15	201	23	.	.	PUNCT
gujaf-15	202	1	the	the	DET
gujaf-15	202	2	table	table	NOUN
gujaf-15	202	3	also	also	ADV
gujaf-15	202	4	showed	show	VERB
gujaf-15	202	5	that	that	SCONJ
gujaf-15	202	6	the	the	DET
gujaf-15	202	7	minimum	minimum	ADJ
gujaf-15	202	8	and	and	CCONJ
gujaf-15	202	9	maximum	maximum	ADJ
gujaf-15	202	10	values	value	NOUN
gujaf-15	202	11	of	of	ADP
gujaf-15	202	12	institutional	institutional	ADJ
gujaf-15	202	13	ownership	ownership	NOUN
gujaf-15	202	14	are	be	AUX
gujaf-15	202	15	0.0000	0.0000	NUM
gujaf-15	202	16	and	and	CCONJ
gujaf-15	202	17	4.2155	4.2155	NUM
gujaf-15	202	18	respectively	respectively	ADV
gujaf-15	202	19	,	,	PUNCT
gujaf-15	202	20	and	and	CCONJ
gujaf-15	202	21	the	the	DET
gujaf-15	202	22	variable	variable	NOUN
gujaf-15	202	23	has	have	VERB
gujaf-15	202	24	1.1432	1.1432	NUM
gujaf-15	202	25	as	as	ADV
gujaf-15	202	26	mean	mean	ADJ
gujaf-15	202	27	and	and	CCONJ
gujaf-15	202	28	0.46.32	0.46.32	NUM
gujaf-15	202	29	as	as	ADP
gujaf-15	202	30	standard	standard	ADJ
gujaf-15	202	31	deviation	deviation	NOUN
gujaf-15	202	32	.	.	PUNCT
gujaf-15	203	1	the	the	DET
gujaf-15	203	2	mean	mean	NOUN
gujaf-15	203	3	indicates	indicate	VERB
gujaf-15	203	4	that	that	SCONJ
gujaf-15	203	5	on	on	ADP
gujaf-15	203	6	average	average	ADJ
gujaf-15	203	7	,	,	PUNCT
gujaf-15	203	8	institutional	institutional	ADJ
gujaf-15	203	9	ownership	ownership	NOUN
gujaf-15	203	10	in	in	ADP
gujaf-15	203	11	listed	list	VERB
gujaf-15	203	12	deposit	deposit	NOUN
gujaf-15	203	13	money	money	NOUN
gujaf-15	203	14	banks	bank	NOUN
gujaf-15	203	15	in	in	ADP
gujaf-15	203	16	nigeria	nigeria	PROPN
gujaf-15	203	17	is	be	AUX
gujaf-15	203	18	1.1432	1.1432	NUM
gujaf-15	203	19	%	%	NOUN
gujaf-15	203	20	of	of	ADP
gujaf-15	203	21	the	the	DET
gujaf-15	203	22	equity	equity	NOUN
gujaf-15	203	23	and	and	CCONJ
gujaf-15	203	24	the	the	DET
gujaf-15	203	25	standard	standard	ADJ
gujaf-15	203	26	deviation	deviation	NOUN
gujaf-15	203	27	shows	show	VERB
gujaf-15	203	28	that	that	SCONJ
gujaf-15	203	29	the	the	DET
gujaf-15	203	30	data	datum	NOUN
gujaf-15	203	31	deviate	deviate	VERB
gujaf-15	203	32	from	from	ADP
gujaf-15	203	33	the	the	DET
gujaf-15	203	34	mean	mean	NOUN
gujaf-15	203	35	by	by	ADP
gujaf-15	203	36	46.25	46.25	NUM
gujaf-15	203	37	%	%	NOUN
gujaf-15	203	38	.	.	PUNCT
gujaf-15	204	1	the	the	DET
gujaf-15	204	2	minimum	minimum	ADJ
gujaf-15	204	3	value	value	NOUN
gujaf-15	204	4	of	of	ADP
gujaf-15	204	5	insider	insider	NOUN
gujaf-15	204	6	ownership	ownership	NOUN
gujaf-15	204	7	is	be	AUX
gujaf-15	204	8	0.1504	0.1504	NUM
gujaf-15	204	9	and	and	CCONJ
gujaf-15	204	10	the	the	DET
gujaf-15	204	11	maximum	maximum	ADJ
gujaf-15	204	12	value	value	NOUN
gujaf-15	204	13	15.4455	15.4455	NUM
gujaf-15	204	14	while	while	SCONJ
gujaf-15	204	15	the	the	DET
gujaf-15	204	16	mean	mean	NOUN
gujaf-15	204	17	and	and	CCONJ
gujaf-15	204	18	the	the	DET
gujaf-15	204	19	standard	standard	ADJ
gujaf-15	204	20	deviation	deviation	NOUN
gujaf-15	204	21	is	be	AUX
gujaf-15	204	22	3.3431	3.3431	NUM
gujaf-15	204	23	and	and	CCONJ
gujaf-15	204	24	2.2394	2.2394	NUM
gujaf-15	204	25	.	.	PUNCT
gujaf-15	205	1	the	the	DET
gujaf-15	205	2	mean	mean	ADJ
gujaf-15	205	3	value	value	NOUN
gujaf-15	205	4	indicates	indicate	VERB
gujaf-15	205	5	that	that	SCONJ
gujaf-15	205	6	on	on	ADP
gujaf-15	205	7	average	average	ADJ
gujaf-15	205	8	,	,	PUNCT
gujaf-15	205	9	3.3421	3.3421	NUM
gujaf-15	205	10	%	%	NOUN
gujaf-15	205	11	of	of	ADP
gujaf-15	205	12	the	the	DET
gujaf-15	205	13	shares	share	NOUN
gujaf-15	205	14	of	of	ADP
gujaf-15	205	15	listed	list	VERB
gujaf-15	205	16	deposit	deposit	NOUN
gujaf-15	205	17	money	money	NOUN
gujaf-15	205	18	banks	bank	NOUN
gujaf-15	205	19	in	in	ADP
gujaf-15	205	20	nigeria	nigeria	PROPN
gujaf-15	205	21	is	be	AUX
gujaf-15	205	22	held	hold	VERB
gujaf-15	205	23	by	by	ADP
gujaf-15	205	24	insider	insider	NOUN
gujaf-15	205	25	owners	owner	NOUN
gujaf-15	205	26	with	with	ADP
gujaf-15	205	27	a	a	DET
gujaf-15	205	28	maximum	maximum	NOUN
gujaf-15	205	29	of	of	ADP
gujaf-15	205	30	15.4455	15.4455	NUM
gujaf-15	205	31	%	%	NOUN
gujaf-15	205	32	.	.	PUNCT
gujaf-15	206	1	foreign	foreign	ADJ
gujaf-15	206	2	ownership	ownership	NOUN
gujaf-15	206	3	has	have	VERB
gujaf-15	206	4	a	a	DET
gujaf-15	206	5	minimum	minimum	ADJ
gujaf-15	206	6	value	value	NOUN
gujaf-15	206	7	of	of	ADP
gujaf-15	206	8	0.0383	0.0383	NUM
gujaf-15	206	9	and	and	CCONJ
gujaf-15	206	10	a	a	DET
gujaf-15	206	11	maximum	maximum	ADJ
gujaf-15	206	12	value	value	NOUN
gujaf-15	206	13	of	of	ADP
gujaf-15	206	14	0.8214	0.8214	NUM
gujaf-15	206	15	.	.	PUNCT
gujaf-15	207	1	the	the	DET
gujaf-15	207	2	mean	mean	ADJ
gujaf-15	207	3	percentage	percentage	NOUN
gujaf-15	207	4	of	of	ADP
gujaf-15	207	5	the	the	DET
gujaf-15	207	6	variable	variable	NOUN
gujaf-15	207	7	is	be	AUX
gujaf-15	207	8	0.1274	0.1274	NUM
gujaf-15	207	9	implying	imply	VERB
gujaf-15	207	10	that	that	SCONJ
gujaf-15	207	11	12.74	12.74	NUM
gujaf-15	207	12	%	%	NOUN
gujaf-15	207	13	of	of	ADP
gujaf-15	207	14	the	the	DET
gujaf-15	207	15	share	share	NOUN
gujaf-15	207	16	ownership	ownership	NOUN
gujaf-15	207	17	in	in	ADP
gujaf-15	207	18	the	the	DET
gujaf-15	207	19	listed	list	VERB
gujaf-15	207	20	deposit	deposit	NOUN
gujaf-15	207	21	money	money	NOUN
gujaf-15	207	22	banks	bank	NOUN
gujaf-15	207	23	in	in	ADP
gujaf-15	207	24	nigeria	nigeria	PROPN
gujaf-15	207	25	is	be	AUX
gujaf-15	207	26	held	hold	VERB
gujaf-15	207	27	by	by	ADP
gujaf-15	207	28	shareholders	shareholder	NOUN
gujaf-15	207	29	and	and	CCONJ
gujaf-15	207	30	the	the	DET
gujaf-15	207	31	standard	standard	ADJ
gujaf-15	207	32	deviation	deviation	NOUN
gujaf-15	207	33	shows	show	VERB
gujaf-15	207	34	that	that	SCONJ
gujaf-15	207	35	the	the	DET
gujaf-15	207	36	data	datum	NOUN
gujaf-15	207	37	deviate	deviate	VERB
gujaf-15	207	38	from	from	ADP
gujaf-15	207	39	the	the	DET
gujaf-15	207	40	mean	mean	ADJ
gujaf-15	207	41	gujaf	gujaf	NOUN
gujaf-15	207	42	:	:	PUNCT
gujaf-15	207	43	gusau	gusau	PROPN
gujaf-15	207	44	journal	journal	NOUN
gujaf-15	207	45	of	of	ADP
gujaf-15	207	46	accounting	accounting	NOUN
gujaf-15	207	47	and	and	CCONJ
gujaf-15	207	48	finance	finance	NOUN
gujaf-15	207	49	,	,	PUNCT
gujaf-15	207	50	vol	vol	NOUN
gujaf-15	207	51	.	.	PUNCT
gujaf-15	208	1	i	i	PRON
gujaf-15	208	2	,	,	PUNCT
gujaf-15	208	3	issue	issue	NOUN
gujaf-15	208	4	1	1	NUM
gujaf-15	208	5	,	,	PUNCT
gujaf-15	208	6	april	april	PROPN
gujaf-15	208	7	,	,	PUNCT
gujaf-15	208	8	2020	2020	NUM
gujaf-15	208	9	issn	issn	VERB
gujaf-15	208	10	2756	2756	NUM
gujaf-15	208	11	-	-	PUNCT
gujaf-15	208	12	665x	665x	NOUN
gujaf-15	208	13	15	15	NUM
gujaf-15	208	14	by	by	ADP
gujaf-15	208	15	73.22	73.22	NUM
gujaf-15	208	16	%	%	NOUN
gujaf-15	208	17	.	.	PUNCT
gujaf-15	209	1	the	the	DET
gujaf-15	209	2	mean	mean	ADJ
gujaf-15	209	3	value	value	NOUN
gujaf-15	209	4	of	of	ADP
gujaf-15	209	5	block	block	NOUN
gujaf-15	209	6	holder	holder	NOUN
gujaf-15	209	7	ownership	ownership	NOUN
gujaf-15	209	8	is	be	AUX
gujaf-15	209	9	73.92	73.92	NUM
gujaf-15	209	10	%	%	NOUN
gujaf-15	209	11	with	with	ADP
gujaf-15	209	12	minimum	minimum	NOUN
gujaf-15	209	13	and	and	CCONJ
gujaf-15	209	14	maximum	maximum	ADJ
gujaf-15	209	15	values	value	NOUN
gujaf-15	209	16	of	of	ADP
gujaf-15	209	17	0.0000	0.0000	NUM
gujaf-15	209	18	and	and	CCONJ
gujaf-15	209	19	4.4342	4.4342	NUM
gujaf-15	209	20	respectively	respectively	ADV
gujaf-15	209	21	.	.	PUNCT
gujaf-15	210	1	the	the	DET
gujaf-15	210	2	standard	standard	ADJ
gujaf-15	210	3	deviation	deviation	NOUN
gujaf-15	210	4	of	of	ADP
gujaf-15	210	5	0.5288	0.5288	NUM
gujaf-15	210	6	showed	show	VERB
gujaf-15	210	7	that	that	SCONJ
gujaf-15	210	8	the	the	DET
gujaf-15	210	9	data	datum	NOUN
gujaf-15	210	10	deviate	deviate	VERB
gujaf-15	210	11	from	from	ADP
gujaf-15	210	12	the	the	DET
gujaf-15	210	13	mean	mean	NOUN
gujaf-15	210	14	by	by	ADP
gujaf-15	210	15	52.88	52.88	NUM
gujaf-15	210	16	%	%	NOUN
gujaf-15	210	17	.	.	PUNCT
gujaf-15	211	1	lastly	lastly	ADV
gujaf-15	211	2	,	,	PUNCT
gujaf-15	211	3	the	the	DET
gujaf-15	211	4	minimum	minimum	ADJ
gujaf-15	211	5	and	and	CCONJ
gujaf-15	211	6	maximum	maximum	ADJ
gujaf-15	211	7	values	value	NOUN
gujaf-15	211	8	of	of	ADP
gujaf-15	211	9	board	board	NOUN
gujaf-15	211	10	independence	independence	NOUN
gujaf-15	211	11	are	be	AUX
gujaf-15	211	12	0.0000	0.0000	NUM
gujaf-15	211	13	and	and	CCONJ
gujaf-15	211	14	1.0000	1.0000	NUM
gujaf-15	211	15	respectively	respectively	ADV
gujaf-15	211	16	and	and	CCONJ
gujaf-15	211	17	the	the	DET
gujaf-15	211	18	mean	mean	ADJ
gujaf-15	211	19	value	value	NOUN
gujaf-15	211	20	is	be	AUX
gujaf-15	211	21	0.6863	0.6863	NUM
gujaf-15	211	22	while	while	SCONJ
gujaf-15	211	23	the	the	DET
gujaf-15	211	24	standard	standard	ADJ
gujaf-15	211	25	deviation	deviation	NOUN
gujaf-15	211	26	is	be	AUX
gujaf-15	211	27	0.3012	0.3012	NUM
gujaf-15	211	28	.	.	PUNCT
gujaf-15	212	1	correlation	correlation	NOUN
gujaf-15	212	2	results	result	NOUN
gujaf-15	212	3	table	table	NOUN
gujaf-15	212	4	3	3	NUM
gujaf-15	212	5	below	below	ADP
gujaf-15	212	6	presents	present	VERB
gujaf-15	212	7	the	the	DET
gujaf-15	212	8	result	result	NOUN
gujaf-15	212	9	of	of	ADP
gujaf-15	212	10	the	the	DET
gujaf-15	212	11	pearson	pearson	PROPN
gujaf-15	212	12	correlation	correlation	NOUN
gujaf-15	212	13	analysis	analysis	NOUN
gujaf-15	212	14	which	which	PRON
gujaf-15	212	15	was	be	AUX
gujaf-15	212	16	carried	carry	VERB
gujaf-15	212	17	out	out	ADP
gujaf-15	212	18	to	to	PART
gujaf-15	212	19	estimate	estimate	VERB
gujaf-15	212	20	the	the	DET
gujaf-15	212	21	nature	nature	NOUN
gujaf-15	212	22	of	of	ADP
gujaf-15	212	23	the	the	DET
gujaf-15	212	24	relationship	relationship	NOUN
gujaf-15	212	25	between	between	ADP
gujaf-15	212	26	the	the	DET
gujaf-15	212	27	variables	variable	NOUN
gujaf-15	212	28	and	and	CCONJ
gujaf-15	212	29	to	to	PART
gujaf-15	212	30	also	also	ADV
gujaf-15	212	31	determine	determine	VERB
gujaf-15	212	32	the	the	DET
gujaf-15	212	33	existence	existence	NOUN
gujaf-15	212	34	if	if	SCONJ
gujaf-15	212	35	there	there	PRON
gujaf-15	212	36	is	be	VERB
gujaf-15	212	37	of	of	ADP
gujaf-15	212	38	any	any	DET
gujaf-15	212	39	multi	multi	ADJ
gujaf-15	212	40	collinearity	collinearity	NOUN
gujaf-15	212	41	among	among	ADP
gujaf-15	212	42	the	the	DET
gujaf-15	212	43	variables	variable	NOUN
gujaf-15	212	44	.	.	PUNCT
gujaf-15	213	1	table	table	NOUN
gujaf-15	213	2	3	3	NUM
gujaf-15	213	3	:	:	PUNCT
gujaf-15	213	4	correlation	correlation	NOUN
gujaf-15	213	5	matrix	matrix	NOUN
gujaf-15	213	6	variables	variable	NOUN
gujaf-15	213	7	invc	invc	VERB
gujaf-15	213	8	insow	insow	PROPN
gujaf-15	213	9	indow	indow	PROPN
gujaf-15	213	10	frnow	frnow	PROPN
gujaf-15	213	11	blcow	blcow	PROPN
gujaf-15	213	12	bind	bind	VERB
gujaf-15	213	13	invc	invc	VERB
gujaf-15	213	14	1.0000	1.0000	NUM
gujaf-15	213	15	insow	insow	PROPN
gujaf-15	213	16	0.2239	0.2239	NUM
gujaf-15	213	17	1.0000	1.0000	NUM
gujaf-15	213	18	indow	indow	PROPN
gujaf-15	213	19	-0.3287	-0.3287	PROPN
gujaf-15	213	20	-0.0393	-0.0393	PROPN
gujaf-15	213	21	1.0000	1.0000	NUM
gujaf-15	213	22	frnow	frnow	NOUN
gujaf-15	213	23	0.0728	0.0728	NUM
gujaf-15	213	24	-0.0066	-0.0066	PROPN
gujaf-15	213	25	-0.0091	-0.0091	PROPN
gujaf-15	213	26	1.0000	1.0000	NUM
gujaf-15	213	27	blcow	blcow	PROPN
gujaf-15	213	28	-0.3862	-0.3862	NOUN
gujaf-15	213	29	-0.0786	-0.0786	NOUN
gujaf-15	214	1	0.0201	0.0201	NUM
gujaf-15	214	2	0.0290	0.0290	NUM
gujaf-15	214	3	1.0000	1.0000	NUM
gujaf-15	214	4	bind	bind	NOUN
gujaf-15	214	5	0.0789	0.0789	NUM
gujaf-15	214	6	0.1020	0.1020	NUM
gujaf-15	214	7	-0.0544	-0.0544	NOUN
gujaf-15	214	8	-0.0381	-0.0381	PROPN
gujaf-15	214	9	-0.1248	-0.1248	PROPN
gujaf-15	214	10	1.0000	1.0000	NUM
gujaf-15	214	11	source	source	NOUN
gujaf-15	214	12	:	:	PUNCT
gujaf-15	214	13	output	output	NOUN
gujaf-15	214	14	of	of	ADP
gujaf-15	214	15	stata	stata	NOUN
gujaf-15	214	16	,	,	PUNCT
gujaf-15	214	17	2020	2020	NUM
gujaf-15	214	18	table	table	NOUN
gujaf-15	214	19	3	3	NUM
gujaf-15	214	20	presents	present	VERB
gujaf-15	214	21	the	the	DET
gujaf-15	214	22	results	result	NOUN
gujaf-15	214	23	of	of	ADP
gujaf-15	214	24	the	the	DET
gujaf-15	214	25	correlation	correlation	NOUN
gujaf-15	214	26	between	between	ADP
gujaf-15	214	27	ownership	ownership	NOUN
gujaf-15	214	28	structure	structure	NOUN
gujaf-15	214	29	(	(	PUNCT
gujaf-15	214	30	institutional	institutional	ADJ
gujaf-15	214	31	ownership	ownership	NOUN
gujaf-15	214	32	,	,	PUNCT
gujaf-15	214	33	insider	insider	NOUN
gujaf-15	214	34	ownership	ownership	NOUN
gujaf-15	214	35	,	,	PUNCT
gujaf-15	214	36	foreign	foreign	ADJ
gujaf-15	214	37	ownership	ownership	NOUN
gujaf-15	214	38	,	,	PUNCT
gujaf-15	214	39	block	block	NOUN
gujaf-15	214	40	holder	holder	NOUN
gujaf-15	214	41	ownership	ownership	NOUN
gujaf-15	214	42	,	,	PUNCT
gujaf-15	214	43	and	and	CCONJ
gujaf-15	214	44	board	board	NOUN
gujaf-15	214	45	independence	independence	NOUN
gujaf-15	214	46	)	)	PUNCT
gujaf-15	214	47	and	and	CCONJ
gujaf-15	214	48	investors	investor	NOUN
gujaf-15	214	49	’	’	PART
gujaf-15	214	50	confidence	confidence	NOUN
gujaf-15	214	51	of	of	ADP
gujaf-15	214	52	listed	list	VERB
gujaf-15	214	53	deposit	deposit	NOUN
gujaf-15	214	54	money	money	NOUN
gujaf-15	214	55	banks	bank	NOUN
gujaf-15	214	56	in	in	ADP
gujaf-15	214	57	nigeria	nigeria	PROPN
gujaf-15	214	58	.	.	PUNCT
gujaf-15	215	1	the	the	DET
gujaf-15	215	2	table	table	NOUN
gujaf-15	215	3	shows	show	VERB
gujaf-15	215	4	that	that	SCONJ
gujaf-15	215	5	there	there	PRON
gujaf-15	215	6	is	be	VERB
gujaf-15	215	7	a	a	DET
gujaf-15	215	8	positive	positive	ADJ
gujaf-15	215	9	relationship	relationship	NOUN
gujaf-15	215	10	between	between	ADP
gujaf-15	215	11	institutional	institutional	ADJ
gujaf-15	215	12	ownership	ownership	NOUN
gujaf-15	215	13	and	and	CCONJ
gujaf-15	215	14	investors	investor	NOUN
gujaf-15	215	15	’	'	PUNCT
gujaf-15	215	16	confidence	confidence	NOUN
gujaf-15	215	17	from	from	ADP
gujaf-15	215	18	the	the	DET
gujaf-15	215	19	correlation	correlation	NOUN
gujaf-15	215	20	coefficient	coefficient	NOUN
gujaf-15	215	21	of	of	ADP
gujaf-15	215	22	0.2239	0.2239	NUM
gujaf-15	215	23	.	.	PUNCT
gujaf-15	216	1	the	the	DET
gujaf-15	216	2	table	table	NOUN
gujaf-15	216	3	also	also	ADV
gujaf-15	216	4	shows	show	VERB
gujaf-15	216	5	that	that	SCONJ
gujaf-15	216	6	investors	investor	NOUN
gujaf-15	216	7	’	'	PUNCT
gujaf-15	216	8	confidence	confidence	NOUN
gujaf-15	216	9	is	be	AUX
gujaf-15	216	10	negatively	negatively	ADV
gujaf-15	216	11	correlated	correlate	VERB
gujaf-15	216	12	with	with	ADP
gujaf-15	216	13	insider	insider	NOUN
gujaf-15	216	14	ownership	ownership	NOUN
gujaf-15	216	15	and	and	CCONJ
gujaf-15	216	16	block	block	NOUN
gujaf-15	216	17	holder	holder	NOUN
gujaf-15	216	18	ownership	ownership	NOUN
gujaf-15	216	19	from	from	ADP
gujaf-15	216	20	the	the	DET
gujaf-15	216	21	correlation	correlation	NOUN
gujaf-15	216	22	coefficient	coefficient	NOUN
gujaf-15	216	23	of	of	ADP
gujaf-15	216	24	-0.3287	-0.3287	PROPN
gujaf-15	216	25	and	and	CCONJ
gujaf-15	216	26	-0.3862	-0.3862	X
gujaf-15	216	27	respectively	respectively	ADV
gujaf-15	216	28	.	.	PUNCT
gujaf-15	217	1	foreign	foreign	ADJ
gujaf-15	217	2	ownership	ownership	NOUN
gujaf-15	217	3	has	have	VERB
gujaf-15	217	4	a	a	DET
gujaf-15	217	5	positive	positive	ADJ
gujaf-15	217	6	relationship	relationship	NOUN
gujaf-15	217	7	with	with	ADP
gujaf-15	217	8	the	the	DET
gujaf-15	217	9	investors	investor	NOUN
gujaf-15	217	10	’	’	PART
gujaf-15	217	11	confidence	confidence	NOUN
gujaf-15	217	12	of	of	ADP
gujaf-15	217	13	listed	list	VERB
gujaf-15	217	14	deposit	deposit	NOUN
gujaf-15	217	15	money	money	NOUN
gujaf-15	217	16	banks	bank	NOUN
gujaf-15	217	17	in	in	ADP
gujaf-15	217	18	nigeria	nigeria	PROPN
gujaf-15	217	19	as	as	SCONJ
gujaf-15	217	20	shown	show	VERB
gujaf-15	217	21	by	by	ADP
gujaf-15	217	22	the	the	DET
gujaf-15	217	23	coefficient	coefficient	NOUN
gujaf-15	217	24	of	of	ADP
gujaf-15	217	25	0.0728	0.0728	NUM
gujaf-15	217	26	.	.	PUNCT
gujaf-15	218	1	also	also	ADV
gujaf-15	218	2	,	,	PUNCT
gujaf-15	218	3	the	the	DET
gujaf-15	218	4	relationship	relationship	NOUN
gujaf-15	218	5	between	between	ADP
gujaf-15	218	6	board	board	NOUN
gujaf-15	218	7	independence	independence	NOUN
gujaf-15	218	8	and	and	CCONJ
gujaf-15	218	9	investors	investor	NOUN
gujaf-15	218	10	’	’	PART
gujaf-15	218	11	confidence	confidence	NOUN
gujaf-15	218	12	proved	prove	VERB
gujaf-15	218	13	to	to	PART
gujaf-15	218	14	be	be	AUX
gujaf-15	218	15	positive	positive	ADJ
gujaf-15	218	16	as	as	SCONJ
gujaf-15	218	17	indicated	indicate	VERB
gujaf-15	218	18	by	by	ADP
gujaf-15	218	19	the	the	DET
gujaf-15	218	20	correlation	correlation	NOUN
gujaf-15	218	21	coefficient	coefficient	NOUN
gujaf-15	218	22	of	of	ADP
gujaf-15	218	23	0.0789	0.0789	NUM
gujaf-15	218	24	.	.	PUNCT
gujaf-15	219	1	however	however	ADV
gujaf-15	219	2	,	,	PUNCT
gujaf-15	219	3	the	the	DET
gujaf-15	219	4	relationship	relationship	NOUN
gujaf-15	219	5	amongst	amongst	ADP
gujaf-15	219	6	the	the	DET
gujaf-15	219	7	variables	variable	NOUN
gujaf-15	219	8	themselves	themselves	PRON
gujaf-15	219	9	is	be	AUX
gujaf-15	219	10	not	not	PART
gujaf-15	219	11	found	find	VERB
gujaf-15	219	12	to	to	PART
gujaf-15	219	13	be	be	AUX
gujaf-15	219	14	significant	significant	ADJ
gujaf-15	219	15	to	to	ADP
gujaf-15	219	16	the	the	DET
gujaf-15	219	17	extent	extent	NOUN
gujaf-15	219	18	that	that	SCONJ
gujaf-15	219	19	one	one	PRON
gujaf-15	219	20	can	can	AUX
gujaf-15	219	21	conclude	conclude	VERB
gujaf-15	219	22	that	that	SCONJ
gujaf-15	219	23	there	there	PRON
gujaf-15	219	24	is	be	VERB
gujaf-15	219	25	multicollinearity	multicollinearity	NOUN
gujaf-15	219	26	unless	unless	SCONJ
gujaf-15	219	27	gujaf	gujaf	NOUN
gujaf-15	219	28	:	:	PUNCT
gujaf-15	219	29	gusau	gusau	PROPN
gujaf-15	219	30	journal	journal	NOUN
gujaf-15	219	31	of	of	ADP
gujaf-15	219	32	accounting	accounting	NOUN
gujaf-15	219	33	and	and	CCONJ
gujaf-15	219	34	finance	finance	NOUN
gujaf-15	219	35	,	,	PUNCT
gujaf-15	219	36	vol	vol	NOUN
gujaf-15	219	37	.	.	PUNCT
gujaf-15	220	1	i	i	PRON
gujaf-15	220	2	,	,	PUNCT
gujaf-15	220	3	issue	issue	NOUN
gujaf-15	220	4	1	1	NUM
gujaf-15	220	5	,	,	PUNCT
gujaf-15	220	6	april	april	PROPN
gujaf-15	220	7	,	,	PUNCT
gujaf-15	220	8	2020	2020	NUM
gujaf-15	220	9	issn	issn	VERB
gujaf-15	220	10	2756	2756	NUM
gujaf-15	220	11	-	-	PUNCT
gujaf-15	220	12	665x	665x	NOUN
gujaf-15	220	13	16	16	NUM
gujaf-15	220	14	the	the	DET
gujaf-15	220	15	variance	variance	NOUN
gujaf-15	220	16	inflation	inflation	NOUN
gujaf-15	220	17	factor	factor	NOUN
gujaf-15	220	18	and	and	CCONJ
gujaf-15	220	19	tolerance	tolerance	NOUN
gujaf-15	220	20	values	value	NOUN
gujaf-15	220	21	are	be	AUX
gujaf-15	220	22	comparatively	comparatively	ADV
gujaf-15	220	23	beyond	beyond	ADP
gujaf-15	220	24	the	the	DET
gujaf-15	220	25	established	establish	VERB
gujaf-15	220	26	rule	rule	NOUN
gujaf-15	220	27	of	of	ADP
gujaf-15	220	28	thumb	thumb	NOUN
gujaf-15	220	29	.	.	PUNCT
gujaf-15	221	1	also	also	ADV
gujaf-15	221	2	,	,	PUNCT
gujaf-15	221	3	the	the	DET
gujaf-15	221	4	correlation	correlation	NOUN
gujaf-15	221	5	coefficients	coefficient	NOUN
gujaf-15	221	6	of	of	ADP
gujaf-15	221	7	the	the	DET
gujaf-15	221	8	independent	independent	ADJ
gujaf-15	221	9	variables	variable	NOUN
gujaf-15	221	10	did	do	AUX
gujaf-15	221	11	not	not	PART
gujaf-15	221	12	exceed	exceed	VERB
gujaf-15	221	13	50	50	NUM
gujaf-15	221	14	%	%	NOUN
gujaf-15	221	15	which	which	PRON
gujaf-15	221	16	suggests	suggest	VERB
gujaf-15	221	17	the	the	DET
gujaf-15	221	18	absence	absence	NOUN
gujaf-15	221	19	of	of	ADP
gujaf-15	221	20	multi	multi	NOUN
gujaf-15	221	21	-	-	NOUN
gujaf-15	221	22	collinearity	collinearity	NOUN
gujaf-15	221	23	among	among	ADP
gujaf-15	221	24	the	the	DET
gujaf-15	221	25	explanatory	explanatory	ADJ
gujaf-15	221	26	variables	variable	NOUN
gujaf-15	221	27	.	.	PUNCT
gujaf-15	222	1	it	it	PRON
gujaf-15	222	2	is	be	AUX
gujaf-15	222	3	however	however	ADV
gujaf-15	222	4	not	not	PART
gujaf-15	222	5	safe	safe	ADJ
gujaf-15	222	6	to	to	PART
gujaf-15	222	7	conclude	conclude	VERB
gujaf-15	222	8	that	that	SCONJ
gujaf-15	222	9	there	there	PRON
gujaf-15	222	10	is	be	VERB
gujaf-15	222	11	no	no	DET
gujaf-15	222	12	multi	multi	ADJ
gujaf-15	222	13	-	-	ADJ
gujaf-15	222	14	collinearity	collinearity	ADJ
gujaf-15	222	15	issue	issue	NOUN
gujaf-15	222	16	unless	unless	SCONJ
gujaf-15	222	17	the	the	DET
gujaf-15	222	18	variance	variance	NOUN
gujaf-15	222	19	inflation	inflation	NOUN
gujaf-15	222	20	factor	factor	NOUN
gujaf-15	222	21	(	(	PUNCT
gujaf-15	222	22	vif	vif	NOUN
gujaf-15	222	23	)	)	PUNCT
gujaf-15	222	24	and	and	CCONJ
gujaf-15	222	25	tolerance	tolerance	NOUN
gujaf-15	222	26	values	value	NOUN
gujaf-15	222	27	are	be	AUX
gujaf-15	222	28	tested	test	VERB
gujaf-15	222	29	.	.	PUNCT
gujaf-15	223	1	thus	thus	ADV
gujaf-15	223	2	,	,	PUNCT
gujaf-15	223	3	the	the	DET
gujaf-15	223	4	variance	variance	NOUN
gujaf-15	223	5	inflation	inflation	NOUN
gujaf-15	223	6	factor	factor	NOUN
gujaf-15	223	7	(	(	PUNCT
gujaf-15	223	8	vif	vif	NOUN
gujaf-15	223	9	)	)	PUNCT
gujaf-15	223	10	and	and	CCONJ
gujaf-15	223	11	tolerance	tolerance	NOUN
gujaf-15	223	12	value	value	NOUN
gujaf-15	223	13	are	be	AUX
gujaf-15	223	14	advanced	advanced	ADJ
gujaf-15	223	15	measures	measure	NOUN
gujaf-15	223	16	for	for	ADP
gujaf-15	223	17	assessing	assess	VERB
gujaf-15	223	18	multicollinearity	multicollinearity	NOUN
gujaf-15	223	19	among	among	ADP
gujaf-15	223	20	the	the	DET
gujaf-15	223	21	regressors	regressor	NOUN
gujaf-15	223	22	.	.	PUNCT
gujaf-15	224	1	the	the	DET
gujaf-15	224	2	variance	variance	NOUN
gujaf-15	224	3	inflation	inflation	NOUN
gujaf-15	224	4	factor	factor	NOUN
gujaf-15	224	5	(	(	PUNCT
gujaf-15	224	6	vif	vif	PROPN
gujaf-15	224	7	)	)	PUNCT
gujaf-15	224	8	and	and	CCONJ
gujaf-15	224	9	the	the	DET
gujaf-15	224	10	tolerance	tolerance	NOUN
gujaf-15	224	11	values	value	NOUN
gujaf-15	224	12	were	be	AUX
gujaf-15	224	13	found	find	VERB
gujaf-15	224	14	to	to	PART
gujaf-15	224	15	be	be	AUX
gujaf-15	224	16	concurrently	concurrently	ADV
gujaf-15	224	17	smaller	small	ADJ
gujaf-15	224	18	than	than	ADP
gujaf-15	224	19	ten	ten	NUM
gujaf-15	224	20	and	and	CCONJ
gujaf-15	224	21	one	one	NUM
gujaf-15	224	22	respectively	respectively	ADV
gujaf-15	224	23	,	,	PUNCT
gujaf-15	224	24	indicating	indicate	VERB
gujaf-15	224	25	the	the	DET
gujaf-15	224	26	absence	absence	NOUN
gujaf-15	224	27	of	of	ADP
gujaf-15	224	28	multicollinearity	multicollinearity	NOUN
gujaf-15	224	29	.	.	PUNCT
gujaf-15	225	1	post	post	NOUN
gujaf-15	225	2	estimation	estimation	NOUN
gujaf-15	225	3	test	test	NOUN
gujaf-15	225	4	the	the	DET
gujaf-15	225	5	results	result	NOUN
gujaf-15	225	6	also	also	ADV
gujaf-15	225	7	reveal	reveal	VERB
gujaf-15	225	8	that	that	SCONJ
gujaf-15	225	9	there	there	PRON
gujaf-15	225	10	is	be	VERB
gujaf-15	225	11	a	a	DET
gujaf-15	225	12	presence	presence	NOUN
gujaf-15	225	13	of	of	ADP
gujaf-15	225	14	heteroscedasticity	heteroscedasticity	NOUN
gujaf-15	225	15	in	in	ADP
gujaf-15	225	16	the	the	DET
gujaf-15	225	17	data	datum	NOUN
gujaf-15	225	18	because	because	SCONJ
gujaf-15	225	19	the	the	DET
gujaf-15	225	20	probability	probability	NOUN
gujaf-15	225	21	of	of	ADP
gujaf-15	225	22	the	the	DET
gujaf-15	225	23	chi	chi	NOUN
gujaf-15	225	24	-	-	PUNCT
gujaf-15	225	25	square	square	NOUN
gujaf-15	225	26	is	be	AUX
gujaf-15	225	27	less	less	ADJ
gujaf-15	225	28	than	than	ADP
gujaf-15	225	29	5	5	NUM
gujaf-15	225	30	%	%	NOUN
gujaf-15	225	31	(	(	PUNCT
gujaf-15	225	32	prob	prob	NOUN
gujaf-15	225	33	>	>	X
gujaf-15	225	34	chi2=0.0000	chi2=0.0000	PROPN
gujaf-15	225	35	)	)	PUNCT
gujaf-15	225	36	.	.	PUNCT
gujaf-15	226	1	this	this	DET
gujaf-15	226	2	result	result	NOUN
gujaf-15	226	3	implies	imply	VERB
gujaf-15	226	4	that	that	SCONJ
gujaf-15	226	5	there	there	PRON
gujaf-15	226	6	is	be	VERB
gujaf-15	226	7	a	a	DET
gujaf-15	226	8	violation	violation	NOUN
gujaf-15	226	9	of	of	ADP
gujaf-15	226	10	assumption	assumption	NOUN
gujaf-15	226	11	number	number	NOUN
gujaf-15	226	12	four	four	NUM
gujaf-15	226	13	of	of	ADP
gujaf-15	226	14	the	the	DET
gujaf-15	226	15	classical	classical	ADJ
gujaf-15	226	16	linear	linear	PROPN
gujaf-15	226	17	regression	regression	NOUN
gujaf-15	226	18	model	model	NOUN
gujaf-15	226	19	which	which	PRON
gujaf-15	226	20	states	state	VERB
gujaf-15	226	21	that	that	SCONJ
gujaf-15	226	22	there	there	PRON
gujaf-15	226	23	must	must	AUX
gujaf-15	226	24	be	be	AUX
gujaf-15	226	25	constant	constant	ADJ
gujaf-15	226	26	variance	variance	NOUN
gujaf-15	226	27	in	in	ADP
gujaf-15	226	28	the	the	DET
gujaf-15	226	29	error	error	NOUN
gujaf-15	226	30	term	term	NOUN
gujaf-15	226	31	that	that	PRON
gujaf-15	226	32	is	be	AUX
gujaf-15	226	33	the	the	DET
gujaf-15	226	34	disturbance	disturbance	NOUN
gujaf-15	226	35	ui	ui	NOUN
gujaf-15	226	36	appearing	appear	VERB
gujaf-15	226	37	in	in	ADP
gujaf-15	226	38	the	the	DET
gujaf-15	226	39	population	population	NOUN
gujaf-15	226	40	regression	regression	NOUN
gujaf-15	226	41	function	function	NOUN
gujaf-15	226	42	are	be	AUX
gujaf-15	226	43	homoscedastic	homoscedastic	ADJ
gujaf-15	226	44	.	.	PUNCT
gujaf-15	227	1	hausman	hausman	PROPN
gujaf-15	227	2	specification	specification	PROPN
gujaf-15	227	3	test	test	NOUN
gujaf-15	227	4	was	be	AUX
gujaf-15	227	5	then	then	ADV
gujaf-15	227	6	conducted	conduct	VERB
gujaf-15	227	7	to	to	PART
gujaf-15	227	8	decide	decide	VERB
gujaf-15	227	9	between	between	ADP
gujaf-15	227	10	the	the	DET
gujaf-15	227	11	two	two	NUM
gujaf-15	227	12	models	model	NOUN
gujaf-15	227	13	,	,	PUNCT
gujaf-15	227	14	so	so	SCONJ
gujaf-15	227	15	as	as	SCONJ
gujaf-15	227	16	to	to	PART
gujaf-15	227	17	select	select	VERB
gujaf-15	227	18	the	the	DET
gujaf-15	227	19	preferred	preferred	ADJ
gujaf-15	227	20	one	one	NOUN
gujaf-15	227	21	.	.	PUNCT
gujaf-15	228	1	the	the	DET
gujaf-15	228	2	hausman	hausman	PROPN
gujaf-15	228	3	test	test	NOUN
gujaf-15	228	4	detects	detect	NOUN
gujaf-15	228	5	violation	violation	NOUN
gujaf-15	228	6	of	of	ADP
gujaf-15	228	7	the	the	DET
gujaf-15	228	8	random	random	ADJ
gujaf-15	228	9	effects	effect	NOUN
gujaf-15	228	10	modeling	model	VERB
gujaf-15	228	11	assumption	assumption	NOUN
gujaf-15	228	12	that	that	SCONJ
gujaf-15	228	13	the	the	DET
gujaf-15	228	14	explanatory	explanatory	ADJ
gujaf-15	228	15	variables	variable	NOUN
gujaf-15	228	16	are	be	AUX
gujaf-15	228	17	orthogonal	orthogonal	ADJ
gujaf-15	228	18	to	to	ADP
gujaf-15	228	19	the	the	DET
gujaf-15	228	20	unit	unit	NOUN
gujaf-15	228	21	effects	effect	NOUN
gujaf-15	228	22	.	.	PUNCT
gujaf-15	229	1	if	if	SCONJ
gujaf-15	229	2	correlation	correlation	NOUN
gujaf-15	229	3	does	do	AUX
gujaf-15	229	4	not	not	PART
gujaf-15	229	5	exist	exist	VERB
gujaf-15	229	6	between	between	ADP
gujaf-15	229	7	the	the	DET
gujaf-15	229	8	independent	independent	ADJ
gujaf-15	229	9	variables	variable	NOUN
gujaf-15	229	10	and	and	CCONJ
gujaf-15	229	11	the	the	DET
gujaf-15	229	12	unit	unit	NOUN
gujaf-15	229	13	effects	effect	NOUN
gujaf-15	229	14	,	,	PUNCT
gujaf-15	229	15	then	then	ADV
gujaf-15	229	16	the	the	DET
gujaf-15	229	17	estimates	estimate	NOUN
gujaf-15	229	18	of	of	ADP
gujaf-15	229	19	β	β	PRON
gujaf-15	229	20	in	in	ADP
gujaf-15	229	21	the	the	DET
gujaf-15	229	22	fixed	fix	VERB
gujaf-15	229	23	effects	effect	NOUN
gujaf-15	229	24	model	model	NOUN
gujaf-15	229	25	should	should	AUX
gujaf-15	229	26	be	be	AUX
gujaf-15	229	27	similar	similar	ADJ
gujaf-15	229	28	to	to	ADP
gujaf-15	229	29	estimates	estimate	NOUN
gujaf-15	229	30	of	of	ADP
gujaf-15	229	31	β	β	PRON
gujaf-15	229	32	in	in	ADP
gujaf-15	229	33	the	the	DET
gujaf-15	229	34	random	random	ADJ
gujaf-15	229	35	effects	effect	NOUN
gujaf-15	229	36	model	model	NOUN
gujaf-15	229	37	.	.	PUNCT
gujaf-15	230	1	the	the	DET
gujaf-15	230	2	result	result	NOUN
gujaf-15	230	3	obtained	obtain	VERB
gujaf-15	230	4	from	from	ADP
gujaf-15	230	5	the	the	DET
gujaf-15	230	6	test	test	NOUN
gujaf-15	230	7	on	on	ADP
gujaf-15	230	8	table	table	NOUN
gujaf-15	230	9	4.3	4.3	NUM
gujaf-15	230	10	returned	return	VERB
gujaf-15	230	11	a	a	DET
gujaf-15	230	12	ch2	ch2	NOUN
gujaf-15	230	13	value	value	NOUN
gujaf-15	230	14	of	of	ADP
gujaf-15	230	15	39.72	39.72	NUM
gujaf-15	230	16	that	that	PRON
gujaf-15	230	17	is	be	AUX
gujaf-15	230	18	statistically	statistically	ADV
gujaf-15	230	19	significant	significant	ADJ
gujaf-15	230	20	.	.	PUNCT
gujaf-15	231	1	this	this	PRON
gujaf-15	231	2	shows	show	VERB
gujaf-15	231	3	that	that	SCONJ
gujaf-15	231	4	the	the	DET
gujaf-15	231	5	dataset	dataset	NOUN
gujaf-15	231	6	has	have	AUX
gujaf-15	231	7	met	meet	VERB
gujaf-15	231	8	the	the	DET
gujaf-15	231	9	asymptotic	asymptotic	ADJ
gujaf-15	231	10	assumption	assumption	NOUN
gujaf-15	231	11	of	of	ADP
gujaf-15	231	12	the	the	DET
gujaf-15	231	13	hausman	hausman	PROPN
gujaf-15	231	14	specification	specification	NOUN
gujaf-15	231	15	test	test	NOUN
gujaf-15	231	16	.	.	PUNCT
gujaf-15	232	1	as	as	ADP
gujaf-15	232	2	a	a	DET
gujaf-15	232	3	result	result	NOUN
gujaf-15	232	4	,	,	PUNCT
gujaf-15	232	5	fixed	fix	VERB
gujaf-15	232	6	effect	effect	NOUN
gujaf-15	232	7	model	model	NOUN
gujaf-15	232	8	was	be	AUX
gujaf-15	232	9	preferred	prefer	VERB
gujaf-15	232	10	.	.	PUNCT
gujaf-15	233	1	summary	summary	NOUN
gujaf-15	233	2	of	of	ADP
gujaf-15	233	3	regression	regression	NOUN
gujaf-15	233	4	result	result	VERB
gujaf-15	233	5	the	the	DET
gujaf-15	233	6	summary	summary	NOUN
gujaf-15	233	7	of	of	ADP
gujaf-15	233	8	the	the	DET
gujaf-15	233	9	regression	regression	NOUN
gujaf-15	233	10	results	result	NOUN
gujaf-15	233	11	obtained	obtain	VERB
gujaf-15	233	12	from	from	ADP
gujaf-15	233	13	the	the	DET
gujaf-15	233	14	fixed	fix	VERB
gujaf-15	233	15	effects	effect	NOUN
gujaf-15	233	16	model	model	NOUN
gujaf-15	233	17	is	be	AUX
gujaf-15	233	18	presented	present	VERB
gujaf-15	233	19	in	in	ADP
gujaf-15	233	20	table	table	NOUN
gujaf-15	233	21	4	4	NUM
gujaf-15	233	22	below	below	ADV
gujaf-15	233	23	:	:	PUNCT
gujaf-15	233	24	gujaf	gujaf	NOUN
gujaf-15	233	25	:	:	PUNCT
gujaf-15	233	26	gusau	gusau	PROPN
gujaf-15	233	27	journal	journal	NOUN
gujaf-15	233	28	of	of	ADP
gujaf-15	233	29	accounting	accounting	NOUN
gujaf-15	233	30	and	and	CCONJ
gujaf-15	233	31	finance	finance	NOUN
gujaf-15	233	32	,	,	PUNCT
gujaf-15	233	33	vol	vol	NOUN
gujaf-15	233	34	.	.	PUNCT
gujaf-15	234	1	i	i	PRON
gujaf-15	234	2	,	,	PUNCT
gujaf-15	234	3	issue	issue	NOUN
gujaf-15	234	4	1	1	NUM
gujaf-15	234	5	,	,	PUNCT
gujaf-15	234	6	april	april	PROPN
gujaf-15	234	7	,	,	PUNCT
gujaf-15	234	8	2020	2020	NUM
gujaf-15	234	9	issn	issn	VERB
gujaf-15	234	10	2756	2756	NUM
gujaf-15	234	11	-	-	PUNCT
gujaf-15	234	12	665x	665x	NOUN
gujaf-15	234	13	17	17	NUM
gujaf-15	234	14	table	table	NOUN
gujaf-15	234	15	4	4	NUM
gujaf-15	234	16	:	:	PUNCT
gujaf-15	234	17	fixed	fix	VERB
gujaf-15	234	18	effects	effect	NOUN
gujaf-15	234	19	regression	regression	NOUN
gujaf-15	234	20	results	result	VERB
gujaf-15	234	21	variables	variable	NOUN
gujaf-15	234	22	coefficient	coefficient	NOUN
gujaf-15	235	1	z	z	PROPN
gujaf-15	235	2	statistics	statistics	PROPN
gujaf-15	235	3	z	z	PROPN
gujaf-15	235	4	sig	sig	PROPN
gujaf-15	235	5	constant	constant	ADJ
gujaf-15	235	6	0.0567	0.0567	NUM
gujaf-15	235	7	3.62	3.62	NUM
gujaf-15	235	8	0.000	0.000	NUM
gujaf-15	235	9	insow	insow	NOUN
gujaf-15	235	10	0.0142	0.0142	NUM
gujaf-15	235	11	1.66	1.66	NUM
gujaf-15	235	12	0.099	0.099	NUM
gujaf-15	235	13	indow	indow	NOUN
gujaf-15	235	14	-0.0126	-0.0126	NOUN
gujaf-15	235	15	-5.02	-5.02	NUM
gujaf-15	235	16	0.000	0.000	NUM
gujaf-15	235	17	frnow	frnow	NOUN
gujaf-15	235	18	0.0041	0.0041	NUM
gujaf-15	235	19	0.83	0.83	NUM
gujaf-15	235	20	0.407	0.407	NUM
gujaf-15	235	21	blcow	blcow	NOUN
gujaf-15	235	22	-0.0213	-0.0213	NOUN
gujaf-15	235	23	-2.84	-2.84	NOUN
gujaf-15	235	24	0.005	0.005	NUM
gujaf-15	235	25	bind	bind	NOUN
gujaf-15	235	26	-0.0054	-0.0054	PROPN
gujaf-15	235	27	-0.44	-0.44	VERB
gujaf-15	235	28	0.000	0.000	NUM
gujaf-15	235	29	r2	r2	NOUN
gujaf-15	235	30	0.2541	0.2541	NUM
gujaf-15	235	31	f	f	PROPN
gujaf-15	235	32	8.24	8.24	NUM
gujaf-15	235	33	prob	prob	NOUN
gujaf-15	235	34	>	>	PROPN
gujaf-15	235	35	chi2	chi2	PROPN
gujaf-15	235	36	0.0000	0.0000	NUM
gujaf-15	235	37	source	source	NOUN
gujaf-15	235	38	:	:	PUNCT
gujaf-15	235	39	generated	generate	VERB
gujaf-15	235	40	using	use	VERB
gujaf-15	235	41	stata	stata	NOUN
gujaf-15	235	42	,	,	PUNCT
gujaf-15	235	43	2020	2020	NUM
gujaf-15	235	44	the	the	DET
gujaf-15	235	45	cumulative	cumulative	ADJ
gujaf-15	235	46	r2	r2	NOUN
gujaf-15	235	47	(	(	PUNCT
gujaf-15	235	48	0.2541	0.2541	NUM
gujaf-15	235	49	)	)	PUNCT
gujaf-15	235	50	which	which	PRON
gujaf-15	235	51	is	be	AUX
gujaf-15	235	52	the	the	DET
gujaf-15	235	53	multiple	multiple	ADJ
gujaf-15	235	54	coefficient	coefficient	NOUN
gujaf-15	235	55	of	of	ADP
gujaf-15	235	56	determination	determination	NOUN
gujaf-15	235	57	gives	give	VERB
gujaf-15	235	58	the	the	DET
gujaf-15	235	59	proportion	proportion	NOUN
gujaf-15	235	60	of	of	ADP
gujaf-15	235	61	the	the	DET
gujaf-15	235	62	total	total	ADJ
gujaf-15	235	63	variation	variation	NOUN
gujaf-15	235	64	in	in	ADP
gujaf-15	235	65	the	the	DET
gujaf-15	235	66	dependent	dependent	ADJ
gujaf-15	235	67	variable	variable	NOUN
gujaf-15	235	68	explained	explain	VERB
gujaf-15	235	69	by	by	ADP
gujaf-15	235	70	the	the	DET
gujaf-15	235	71	independent	independent	ADJ
gujaf-15	235	72	variables	variable	NOUN
gujaf-15	235	73	jointly	jointly	ADV
gujaf-15	235	74	.	.	PUNCT
gujaf-15	236	1	hence	hence	ADV
gujaf-15	236	2	,	,	PUNCT
gujaf-15	236	3	it	it	PRON
gujaf-15	236	4	signifies	signify	VERB
gujaf-15	236	5	that	that	SCONJ
gujaf-15	236	6	25.41	25.41	NUM
gujaf-15	236	7	%	%	NOUN
gujaf-15	236	8	of	of	ADP
gujaf-15	236	9	the	the	DET
gujaf-15	236	10	total	total	ADJ
gujaf-15	236	11	variation	variation	NOUN
gujaf-15	236	12	in	in	ADP
gujaf-15	236	13	investors	investor	NOUN
gujaf-15	236	14	’	'	PUNCT
gujaf-15	236	15	confidence	confidence	NOUN
gujaf-15	236	16	of	of	ADP
gujaf-15	236	17	listed	list	VERB
gujaf-15	236	18	deposit	deposit	NOUN
gujaf-15	236	19	money	money	NOUN
gujaf-15	236	20	banks	bank	NOUN
gujaf-15	236	21	in	in	ADP
gujaf-15	236	22	nigeria	nigeria	PROPN
gujaf-15	236	23	is	be	AUX
gujaf-15	236	24	caused	cause	VERB
gujaf-15	236	25	by	by	ADP
gujaf-15	236	26	their	their	PRON
gujaf-15	236	27	ownership	ownership	NOUN
gujaf-15	236	28	structure	structure	NOUN
gujaf-15	236	29	:	:	PUNCT
gujaf-15	236	30	institutional	institutional	ADJ
gujaf-15	236	31	ownership	ownership	NOUN
gujaf-15	236	32	,	,	PUNCT
gujaf-15	236	33	insider	insider	NOUN
gujaf-15	236	34	ownership	ownership	NOUN
gujaf-15	236	35	,	,	PUNCT
gujaf-15	236	36	foreign	foreign	ADJ
gujaf-15	236	37	ownership	ownership	NOUN
gujaf-15	236	38	,	,	PUNCT
gujaf-15	236	39	block	block	NOUN
gujaf-15	236	40	holder	holder	NOUN
gujaf-15	236	41	ownership	ownership	NOUN
gujaf-15	236	42	and	and	CCONJ
gujaf-15	236	43	board	board	NOUN
gujaf-15	236	44	independence	independence	NOUN
gujaf-15	236	45	.	.	PUNCT
gujaf-15	237	1	similarly	similarly	ADV
gujaf-15	237	2	,	,	PUNCT
gujaf-15	237	3	the	the	DET
gujaf-15	237	4	result	result	NOUN
gujaf-15	237	5	of	of	ADP
gujaf-15	237	6	the	the	DET
gujaf-15	237	7	f	f	PROPN
gujaf-15	237	8	statistics	statistic	NOUN
gujaf-15	237	9	(	(	PUNCT
gujaf-15	237	10	8.24	8.24	NUM
gujaf-15	237	11	)	)	PUNCT
gujaf-15	237	12	shows	show	VERB
gujaf-15	237	13	that	that	SCONJ
gujaf-15	237	14	the	the	DET
gujaf-15	237	15	explanatory	explanatory	ADJ
gujaf-15	237	16	variables	variable	NOUN
gujaf-15	237	17	in	in	ADP
gujaf-15	237	18	the	the	DET
gujaf-15	237	19	model	model	NOUN
gujaf-15	237	20	are	be	AUX
gujaf-15	237	21	significant	significant	ADJ
gujaf-15	237	22	and	and	CCONJ
gujaf-15	237	23	that	that	SCONJ
gujaf-15	237	24	they	they	PRON
gujaf-15	237	25	added	add	VERB
gujaf-15	237	26	value	value	NOUN
gujaf-15	237	27	to	to	ADP
gujaf-15	237	28	the	the	DET
gujaf-15	237	29	model	model	NOUN
gujaf-15	237	30	as	as	SCONJ
gujaf-15	237	31	confirmed	confirm	VERB
gujaf-15	237	32	by	by	ADP
gujaf-15	237	33	the	the	DET
gujaf-15	237	34	prob	prob	PROPN
gujaf-15	237	35	>	>	X
gujaf-15	237	36	chi2	chi2	PROPN
gujaf-15	237	37	(	(	PUNCT
gujaf-15	237	38	0.0000	0.0000	NUM
gujaf-15	237	39	)	)	PUNCT
gujaf-15	237	40	.	.	PUNCT
gujaf-15	238	1	this	this	PRON
gujaf-15	238	2	indicates	indicate	VERB
gujaf-15	238	3	that	that	SCONJ
gujaf-15	238	4	the	the	DET
gujaf-15	238	5	model	model	NOUN
gujaf-15	238	6	is	be	AUX
gujaf-15	238	7	fit	fit	ADJ
gujaf-15	238	8	and	and	CCONJ
gujaf-15	238	9	the	the	DET
gujaf-15	238	10	regressors	regressor	NOUN
gujaf-15	238	11	are	be	AUX
gujaf-15	238	12	properly	properly	ADV
gujaf-15	238	13	selected	select	VERB
gujaf-15	238	14	,	,	PUNCT
gujaf-15	238	15	combined	combine	VERB
gujaf-15	238	16	and	and	CCONJ
gujaf-15	238	17	used	use	VERB
gujaf-15	238	18	.	.	PUNCT
gujaf-15	239	1	this	this	DET
gujaf-15	239	2	further	far	ADV
gujaf-15	239	3	implies	imply	VERB
gujaf-15	239	4	that	that	SCONJ
gujaf-15	239	5	for	for	ADP
gujaf-15	239	6	any	any	DET
gujaf-15	239	7	changes	change	NOUN
gujaf-15	239	8	in	in	ADP
gujaf-15	239	9	the	the	DET
gujaf-15	239	10	ownership	ownership	NOUN
gujaf-15	239	11	structure	structure	NOUN
gujaf-15	239	12	of	of	ADP
gujaf-15	239	13	listed	list	VERB
gujaf-15	239	14	deposit	deposit	NOUN
gujaf-15	239	15	money	money	NOUN
gujaf-15	239	16	banks	bank	NOUN
gujaf-15	239	17	in	in	ADP
gujaf-15	239	18	nigeria	nigeria	PROPN
gujaf-15	239	19	,	,	PUNCT
gujaf-15	239	20	their	their	PRON
gujaf-15	239	21	investors	investor	NOUN
gujaf-15	239	22	’	’	PART
gujaf-15	239	23	confidence	confidence	NOUN
gujaf-15	239	24	will	will	AUX
gujaf-15	239	25	be	be	AUX
gujaf-15	239	26	directly	directly	ADV
gujaf-15	239	27	affected	affect	VERB
gujaf-15	239	28	.	.	PUNCT
gujaf-15	240	1	the	the	DET
gujaf-15	240	2	f	f	PROPN
gujaf-15	240	3	-	-	PUNCT
gujaf-15	240	4	statistics	statistic	NOUN
gujaf-15	240	5	or	or	CCONJ
gujaf-15	240	6	wald	wald	ADJ
gujaf-15	240	7	chi	chi	ADJ
gujaf-15	240	8	-	-	PUNCT
gujaf-15	240	9	squared	square	VERB
gujaf-15	240	10	statistics	statistic	NOUN
gujaf-15	240	11	are	be	AUX
gujaf-15	240	12	really	really	ADV
gujaf-15	240	13	the	the	DET
gujaf-15	240	14	same	same	ADJ
gujaf-15	240	15	thing	thing	NOUN
gujaf-15	240	16	in	in	ADP
gujaf-15	240	17	that	that	PRON
gujaf-15	240	18	,	,	PUNCT
gujaf-15	240	19	after	after	ADP
gujaf-15	240	20	normalization	normalization	NOUN
gujaf-15	240	21	of	of	ADP
gujaf-15	240	22	the	the	DET
gujaf-15	240	23	chi	chi	NOUN
gujaf-15	240	24	-	-	PUNCT
gujaf-15	240	25	squared	square	VERB
gujaf-15	240	26	and	and	CCONJ
gujaf-15	240	27	the	the	DET
gujaf-15	240	28	limiting	limit	VERB
gujaf-15	240	29	distribution	distribution	NOUN
gujaf-15	240	30	of	of	ADP
gujaf-15	240	31	the	the	DET
gujaf-15	240	32	f	f	PROPN
gujaf-15	240	33	as	as	ADP
gujaf-15	240	34	the	the	DET
gujaf-15	240	35	denominator	denominator	NOUN
gujaf-15	240	36	,	,	PUNCT
gujaf-15	240	37	degrees	degree	NOUN
gujaf-15	240	38	of	of	ADP
gujaf-15	240	39	freedom	freedom	NOUN
gujaf-15	240	40	goes	go	VERB
gujaf-15	240	41	to	to	ADP
gujaf-15	240	42	infinity	infinity	NOUN
gujaf-15	240	43	.	.	PUNCT
gujaf-15	241	1	so	so	ADV
gujaf-15	241	2	the	the	DET
gujaf-15	241	3	f	f	PROPN
gujaf-15	241	4	statistics	statistic	NOUN
gujaf-15	241	5	of	of	ADP
gujaf-15	241	6	8.24	8.24	NUM
gujaf-15	241	7	which	which	PRON
gujaf-15	241	8	is	be	AUX
gujaf-15	241	9	significant	significant	ADJ
gujaf-15	241	10	at	at	ADP
gujaf-15	241	11	1	1	NUM
gujaf-15	241	12	%	%	NOUN
gujaf-15	241	13	indicates	indicate	VERB
gujaf-15	241	14	that	that	SCONJ
gujaf-15	241	15	the	the	DET
gujaf-15	241	16	ownership	ownership	NOUN
gujaf-15	241	17	structure	structure	NOUN
gujaf-15	241	18	and	and	CCONJ
gujaf-15	241	19	investors	investor	NOUN
gujaf-15	241	20	’	’	PART
gujaf-15	241	21	confidence	confidence	NOUN
gujaf-15	241	22	model	model	NOUN
gujaf-15	241	23	is	be	AUX
gujaf-15	241	24	fit	fit	ADJ
gujaf-15	241	25	.	.	PUNCT
gujaf-15	242	1	the	the	DET
gujaf-15	242	2	coefficient	coefficient	NOUN
gujaf-15	242	3	of	of	ADP
gujaf-15	242	4	insider	insider	NOUN
gujaf-15	242	5	ownership	ownership	NOUN
gujaf-15	242	6	is	be	AUX
gujaf-15	242	7	-0.0126	-0.0126	NOUN
gujaf-15	242	8	while	while	SCONJ
gujaf-15	242	9	the	the	DET
gujaf-15	242	10	z	z	PROPN
gujaf-15	242	11	statistics	statistic	NOUN
gujaf-15	242	12	is	be	AUX
gujaf-15	242	13	significant	significant	ADJ
gujaf-15	242	14	at	at	ADP
gujaf-15	242	15	1	1	NUM
gujaf-15	242	16	%	%	NOUN
gujaf-15	242	17	(	(	PUNCT
gujaf-15	242	18	0.000	0.000	NUM
gujaf-15	242	19	)	)	PUNCT
gujaf-15	242	20	and	and	CCONJ
gujaf-15	242	21	the	the	DET
gujaf-15	242	22	coefficient	coefficient	NOUN
gujaf-15	242	23	of	of	ADP
gujaf-15	242	24	block	block	NOUN
gujaf-15	242	25	holder	holder	NOUN
gujaf-15	242	26	ownership	ownership	NOUN
gujaf-15	242	27	is	be	AUX
gujaf-15	242	28	-0.0213	-0.0213	NOUN
gujaf-15	242	29	while	while	SCONJ
gujaf-15	242	30	the	the	DET
gujaf-15	242	31	z	z	NOUN
gujaf-15	242	32	significance	significance	NOUN
gujaf-15	242	33	is	be	AUX
gujaf-15	242	34	0.000	0.000	NUM
gujaf-15	242	35	.	.	PUNCT
gujaf-15	243	1	this	this	PRON
gujaf-15	243	2	indicates	indicate	VERB
gujaf-15	243	3	a	a	DET
gujaf-15	243	4	negative	negative	ADJ
gujaf-15	243	5	relationship	relationship	NOUN
gujaf-15	243	6	between	between	ADP
gujaf-15	243	7	insider	insider	NOUN
gujaf-15	243	8	ownership	ownership	NOUN
gujaf-15	243	9	,	,	PUNCT
gujaf-15	243	10	block	block	NOUN
gujaf-15	243	11	holder	holder	NOUN
gujaf-15	243	12	ownership	ownership	NOUN
gujaf-15	243	13	on	on	ADP
gujaf-15	243	14	one	one	NUM
gujaf-15	243	15	hand	hand	NOUN
gujaf-15	243	16	and	and	CCONJ
gujaf-15	243	17	investors	investor	NOUN
gujaf-15	243	18	’	’	PART
gujaf-15	243	19	confidence	confidence	NOUN
gujaf-15	243	20	on	on	ADP
gujaf-15	243	21	the	the	DET
gujaf-15	243	22	other	other	ADJ
gujaf-15	243	23	hand	hand	NOUN
gujaf-15	243	24	that	that	PRON
gujaf-15	243	25	is	be	AUX
gujaf-15	243	26	significant	significant	ADJ
gujaf-15	243	27	at	at	ADP
gujaf-15	243	28	1	1	NUM
gujaf-15	243	29	%	%	NOUN
gujaf-15	243	30	level	level	NOUN
gujaf-15	243	31	of	of	ADP
gujaf-15	243	32	significance	significance	NOUN
gujaf-15	243	33	.	.	PUNCT
gujaf-15	244	1	gujaf	gujaf	NOUN
gujaf-15	244	2	:	:	PUNCT
gujaf-15	244	3	gusau	gusau	PROPN
gujaf-15	244	4	journal	journal	NOUN
gujaf-15	244	5	of	of	ADP
gujaf-15	244	6	accounting	accounting	NOUN
gujaf-15	244	7	and	and	CCONJ
gujaf-15	244	8	finance	finance	NOUN
gujaf-15	244	9	,	,	PUNCT
gujaf-15	244	10	vol	vol	NOUN
gujaf-15	244	11	.	.	PUNCT
gujaf-15	245	1	i	i	PRON
gujaf-15	245	2	,	,	PUNCT
gujaf-15	245	3	issue	issue	NOUN
gujaf-15	245	4	1	1	NUM
gujaf-15	245	5	,	,	PUNCT
gujaf-15	245	6	april	april	PROPN
gujaf-15	245	7	,	,	PUNCT
gujaf-15	245	8	2020	2020	NUM
gujaf-15	245	9	issn	issn	VERB
gujaf-15	245	10	2756	2756	NUM
gujaf-15	245	11	-	-	PUNCT
gujaf-15	245	12	665x	665x	NOUN
gujaf-15	245	13	18	18	NUM
gujaf-15	245	14	the	the	DET
gujaf-15	245	15	significant	significant	ADJ
gujaf-15	245	16	negative	negative	ADJ
gujaf-15	245	17	relationship	relationship	NOUN
gujaf-15	245	18	between	between	ADP
gujaf-15	245	19	insider	insider	NOUN
gujaf-15	245	20	ownership	ownership	NOUN
gujaf-15	245	21	and	and	CCONJ
gujaf-15	245	22	investors	investor	NOUN
gujaf-15	245	23	’	'	PUNCT
gujaf-15	245	24	confidence	confidence	NOUN
gujaf-15	245	25	implies	imply	VERB
gujaf-15	245	26	that	that	SCONJ
gujaf-15	245	27	an	an	DET
gujaf-15	245	28	increase	increase	NOUN
gujaf-15	245	29	in	in	ADP
gujaf-15	245	30	insider	insider	NOUN
gujaf-15	245	31	ownership	ownership	NOUN
gujaf-15	245	32	decreases	decrease	VERB
gujaf-15	245	33	investors	investor	NOUN
gujaf-15	245	34	’	'	PUNCT
gujaf-15	245	35	confidence	confidence	NOUN
gujaf-15	245	36	because	because	SCONJ
gujaf-15	245	37	when	when	SCONJ
gujaf-15	245	38	insiders	insider	NOUN
gujaf-15	245	39	have	have	VERB
gujaf-15	245	40	large	large	ADJ
gujaf-15	245	41	ownership	ownership	NOUN
gujaf-15	245	42	stake	stake	NOUN
gujaf-15	245	43	,	,	PUNCT
gujaf-15	245	44	they	they	PRON
gujaf-15	245	45	might	might	AUX
gujaf-15	245	46	be	be	AUX
gujaf-15	245	47	powerful	powerful	ADJ
gujaf-15	245	48	and	and	CCONJ
gujaf-15	245	49	as	as	ADP
gujaf-15	245	50	a	a	DET
gujaf-15	245	51	result	result	NOUN
gujaf-15	245	52	,	,	PUNCT
gujaf-15	245	53	they	they	PRON
gujaf-15	245	54	do	do	AUX
gujaf-15	245	55	not	not	PART
gujaf-15	245	56	consider	consider	VERB
gujaf-15	245	57	other	other	ADJ
gujaf-15	245	58	shareholders	shareholder	NOUN
gujaf-15	245	59	.	.	PUNCT
gujaf-15	246	1	for	for	ADP
gujaf-15	246	2	every	every	DET
gujaf-15	246	3	point	point	NOUN
gujaf-15	246	4	increase	increase	NOUN
gujaf-15	246	5	in	in	ADP
gujaf-15	246	6	insider	insider	NOUN
gujaf-15	246	7	ownership	ownership	NOUN
gujaf-15	246	8	,	,	PUNCT
gujaf-15	246	9	investors	investor	NOUN
gujaf-15	246	10	’	'	PUNCT
gujaf-15	246	11	confidence	confidence	NOUN
gujaf-15	246	12	will	will	AUX
gujaf-15	246	13	decrease	decrease	VERB
gujaf-15	246	14	by	by	ADP
gujaf-15	246	15	the	the	DET
gujaf-15	246	16	coefficient	coefficient	NOUN
gujaf-15	246	17	value	value	NOUN
gujaf-15	246	18	.	.	PUNCT
gujaf-15	247	1	also	also	ADV
gujaf-15	247	2	the	the	DET
gujaf-15	247	3	significant	significant	ADJ
gujaf-15	247	4	negative	negative	ADJ
gujaf-15	247	5	relationship	relationship	NOUN
gujaf-15	247	6	between	between	ADP
gujaf-15	247	7	block	block	NOUN
gujaf-15	247	8	holder	holder	NOUN
gujaf-15	247	9	ownership	ownership	NOUN
gujaf-15	247	10	and	and	CCONJ
gujaf-15	247	11	investors	investor	NOUN
gujaf-15	247	12	’	'	PUNCT
gujaf-15	247	13	confidence	confidence	NOUN
gujaf-15	247	14	implies	imply	VERB
gujaf-15	247	15	that	that	SCONJ
gujaf-15	247	16	an	an	DET
gujaf-15	247	17	increase	increase	NOUN
gujaf-15	247	18	in	in	ADP
gujaf-15	247	19	block	block	NOUN
gujaf-15	247	20	holder	holder	NOUN
gujaf-15	247	21	ownership	ownership	NOUN
gujaf-15	247	22	decrease	decrease	NOUN
gujaf-15	247	23	investors	investor	NOUN
gujaf-15	247	24	’	'	PUNCT
gujaf-15	247	25	confidence	confidence	NOUN
gujaf-15	247	26	.	.	PUNCT
gujaf-15	248	1	institutional	institutional	ADJ
gujaf-15	248	2	ownership	ownership	NOUN
gujaf-15	248	3	is	be	AUX
gujaf-15	248	4	positively	positively	ADV
gujaf-15	248	5	related	relate	VERB
gujaf-15	248	6	to	to	ADP
gujaf-15	248	7	investors	investor	NOUN
gujaf-15	248	8	’	’	PART
gujaf-15	248	9	confidence	confidence	NOUN
gujaf-15	248	10	as	as	SCONJ
gujaf-15	248	11	indicated	indicate	VERB
gujaf-15	248	12	by	by	ADP
gujaf-15	248	13	the	the	DET
gujaf-15	248	14	coefficient	coefficient	NOUN
gujaf-15	248	15	of	of	ADP
gujaf-15	248	16	0.0142	0.0142	NUM
gujaf-15	248	17	which	which	PRON
gujaf-15	248	18	is	be	AUX
gujaf-15	248	19	statistically	statistically	ADV
gujaf-15	248	20	significant	significant	ADJ
gujaf-15	248	21	at	at	ADP
gujaf-15	248	22	10	10	NUM
gujaf-15	248	23	%	%	NOUN
gujaf-15	248	24	level	level	NOUN
gujaf-15	248	25	of	of	ADP
gujaf-15	248	26	significance	significance	NOUN
gujaf-15	248	27	.	.	PUNCT
gujaf-15	249	1	this	this	PRON
gujaf-15	249	2	implies	imply	VERB
gujaf-15	249	3	that	that	SCONJ
gujaf-15	249	4	for	for	ADP
gujaf-15	249	5	every	every	DET
gujaf-15	249	6	point	point	NOUN
gujaf-15	249	7	increase	increase	NOUN
gujaf-15	249	8	in	in	ADP
gujaf-15	249	9	institutional	institutional	ADJ
gujaf-15	249	10	ownership	ownership	NOUN
gujaf-15	249	11	,	,	PUNCT
gujaf-15	249	12	investors	investor	NOUN
gujaf-15	249	13	’	’	PART
gujaf-15	249	14	confidence	confidence	NOUN
gujaf-15	249	15	increase	increase	NOUN
gujaf-15	249	16	by	by	ADP
gujaf-15	249	17	the	the	DET
gujaf-15	249	18	coefficient	coefficient	NOUN
gujaf-15	249	19	value	value	NOUN
gujaf-15	249	20	.	.	PUNCT
gujaf-15	250	1	the	the	DET
gujaf-15	250	2	coefficient	coefficient	NOUN
gujaf-15	250	3	of	of	ADP
gujaf-15	250	4	foreign	foreign	ADJ
gujaf-15	250	5	ownership	ownership	NOUN
gujaf-15	250	6	is	be	AUX
gujaf-15	250	7	0.0041	0.0041	NUM
gujaf-15	250	8	which	which	PRON
gujaf-15	250	9	indicates	indicate	VERB
gujaf-15	250	10	that	that	SCONJ
gujaf-15	250	11	it	it	PRON
gujaf-15	250	12	has	have	VERB
gujaf-15	250	13	a	a	DET
gujaf-15	250	14	positive	positive	ADJ
gujaf-15	250	15	association	association	NOUN
gujaf-15	250	16	with	with	ADP
gujaf-15	250	17	investors	investor	NOUN
gujaf-15	250	18	’	’	PART
gujaf-15	250	19	confidence	confidence	NOUN
gujaf-15	250	20	with	with	ADP
gujaf-15	250	21	a	a	DET
gujaf-15	250	22	z	z	NOUN
gujaf-15	250	23	significance	significance	NOUN
gujaf-15	250	24	value	value	NOUN
gujaf-15	250	25	of	of	ADP
gujaf-15	250	26	0.407	0.407	NUM
gujaf-15	250	27	which	which	PRON
gujaf-15	250	28	is	be	AUX
gujaf-15	250	29	not	not	PART
gujaf-15	250	30	statistically	statistically	ADV
gujaf-15	250	31	significant	significant	ADJ
gujaf-15	250	32	.	.	PUNCT
gujaf-15	251	1	therefore	therefore	ADV
gujaf-15	251	2	,	,	PUNCT
gujaf-15	251	3	the	the	DET
gujaf-15	251	4	variable	variable	NOUN
gujaf-15	251	5	did	do	AUX
gujaf-15	251	6	not	not	PART
gujaf-15	251	7	play	play	VERB
gujaf-15	251	8	any	any	DET
gujaf-15	251	9	significant	significant	ADJ
gujaf-15	251	10	role	role	NOUN
gujaf-15	251	11	in	in	ADP
gujaf-15	251	12	influencing	influence	VERB
gujaf-15	251	13	investors	investor	NOUN
gujaf-15	251	14	’	'	PUNCT
gujaf-15	251	15	confidence	confidence	NOUN
gujaf-15	251	16	of	of	ADP
gujaf-15	251	17	listed	list	VERB
gujaf-15	251	18	deposit	deposit	NOUN
gujaf-15	251	19	money	money	NOUN
gujaf-15	251	20	banks	bank	NOUN
gujaf-15	251	21	in	in	ADP
gujaf-15	251	22	nigeria	nigeria	PROPN
gujaf-15	251	23	.	.	PUNCT
gujaf-15	252	1	the	the	DET
gujaf-15	252	2	coefficient	coefficient	NOUN
gujaf-15	252	3	of	of	ADP
gujaf-15	252	4	board	board	NOUN
gujaf-15	252	5	independence	independence	NOUN
gujaf-15	252	6	is	be	AUX
gujaf-15	252	7	-0.0054	-0.0054	NOUN
gujaf-15	252	8	which	which	PRON
gujaf-15	252	9	indicates	indicate	VERB
gujaf-15	252	10	that	that	SCONJ
gujaf-15	252	11	the	the	DET
gujaf-15	252	12	variable	variable	NOUN
gujaf-15	252	13	has	have	VERB
gujaf-15	252	14	a	a	DET
gujaf-15	252	15	negative	negative	ADJ
gujaf-15	252	16	and	and	CCONJ
gujaf-15	252	17	significant	significant	ADJ
gujaf-15	252	18	association	association	NOUN
gujaf-15	252	19	with	with	ADP
gujaf-15	252	20	investors	investor	NOUN
gujaf-15	252	21	’	’	PART
gujaf-15	252	22	confidence	confidence	NOUN
gujaf-15	252	23	.	.	PUNCT
gujaf-15	253	1	5	5	X
gujaf-15	253	2	.	.	X
gujaf-15	253	3	conclusion	conclusion	NOUN
gujaf-15	253	4	this	this	DET
gujaf-15	253	5	study	study	NOUN
gujaf-15	253	6	contends	contend	VERB
gujaf-15	253	7	that	that	SCONJ
gujaf-15	253	8	ownership	ownership	NOUN
gujaf-15	253	9	structure	structure	NOUN
gujaf-15	253	10	through	through	ADP
gujaf-15	253	11	institutions	institution	NOUN
gujaf-15	253	12	,	,	PUNCT
gujaf-15	253	13	insiders	insider	NOUN
gujaf-15	253	14	,	,	PUNCT
gujaf-15	253	15	blockholders	blockholder	NOUN
gujaf-15	253	16	,	,	PUNCT
gujaf-15	253	17	and	and	CCONJ
gujaf-15	253	18	foreigners	foreigner	NOUN
gujaf-15	253	19	could	could	AUX
gujaf-15	253	20	bring	bring	VERB
gujaf-15	253	21	fairness	fairness	NOUN
gujaf-15	253	22	,	,	PUNCT
gujaf-15	253	23	transparency	transparency	NOUN
gujaf-15	253	24	,	,	PUNCT
gujaf-15	253	25	accountability	accountability	NOUN
gujaf-15	253	26	,	,	PUNCT
gujaf-15	253	27	and	and	CCONJ
gujaf-15	253	28	responsibility	responsibility	NOUN
gujaf-15	253	29	to	to	ADP
gujaf-15	253	30	both	both	DET
gujaf-15	253	31	shareholders	shareholder	NOUN
gujaf-15	253	32	and	and	CCONJ
gujaf-15	253	33	improve	improve	VERB
gujaf-15	253	34	investors	investor	NOUN
gujaf-15	253	35	’	'	PUNCT
gujaf-15	253	36	confidence	confidence	NOUN
gujaf-15	253	37	in	in	ADP
gujaf-15	253	38	the	the	DET
gujaf-15	253	39	nigerian	nigerian	ADJ
gujaf-15	253	40	banks	bank	NOUN
gujaf-15	253	41	.	.	PUNCT
gujaf-15	254	1	it	it	PRON
gujaf-15	254	2	is	be	AUX
gujaf-15	254	3	therefore	therefore	ADV
gujaf-15	254	4	concluded	conclude	VERB
gujaf-15	254	5	that	that	SCONJ
gujaf-15	254	6	institutional	institutional	ADJ
gujaf-15	254	7	ownership	ownership	NOUN
gujaf-15	254	8	played	play	VERB
gujaf-15	254	9	a	a	DET
gujaf-15	254	10	significant	significant	ADJ
gujaf-15	254	11	role	role	NOUN
gujaf-15	254	12	in	in	ADP
gujaf-15	254	13	influencing	influence	VERB
gujaf-15	254	14	investors	investor	NOUN
gujaf-15	254	15	’	'	PUNCT
gujaf-15	254	16	confidence	confidence	NOUN
gujaf-15	254	17	.	.	PUNCT
gujaf-15	255	1	for	for	ADP
gujaf-15	255	2	institutional	institutional	ADJ
gujaf-15	255	3	owners	owner	NOUN
gujaf-15	255	4	,	,	PUNCT
gujaf-15	255	5	there	there	PRON
gujaf-15	255	6	are	be	VERB
gujaf-15	255	7	more	more	ADJ
gujaf-15	255	8	incentives	incentive	NOUN
gujaf-15	255	9	to	to	PART
gujaf-15	255	10	monitor	monitor	VERB
gujaf-15	255	11	and	and	CCONJ
gujaf-15	255	12	influence	influence	VERB
gujaf-15	255	13	the	the	DET
gujaf-15	255	14	management	management	NOUN
gujaf-15	255	15	,	,	PUNCT
gujaf-15	255	16	because	because	SCONJ
gujaf-15	255	17	they	they	PRON
gujaf-15	255	18	will	will	AUX
gujaf-15	255	19	be	be	AUX
gujaf-15	255	20	more	more	ADV
gujaf-15	255	21	affected	affect	VERB
gujaf-15	255	22	by	by	ADP
gujaf-15	255	23	decisions	decision	NOUN
gujaf-15	255	24	of	of	ADP
gujaf-15	255	25	the	the	DET
gujaf-15	255	26	management	management	NOUN
gujaf-15	255	27	.	.	PUNCT
gujaf-15	256	1	insider	insider	NOUN
gujaf-15	256	2	ownership	ownership	NOUN
gujaf-15	256	3	and	and	CCONJ
gujaf-15	256	4	block	block	NOUN
gujaf-15	256	5	holder	holder	NOUN
gujaf-15	256	6	ownership	ownership	NOUN
gujaf-15	256	7	have	have	VERB
gujaf-15	256	8	a	a	DET
gujaf-15	256	9	negative	negative	ADJ
gujaf-15	256	10	and	and	CCONJ
gujaf-15	256	11	statistically	statistically	ADV
gujaf-15	256	12	significant	significant	ADJ
gujaf-15	256	13	relationship	relationship	NOUN
gujaf-15	256	14	with	with	ADP
gujaf-15	256	15	investors	investor	NOUN
gujaf-15	256	16	’	'	PUNCT
gujaf-15	256	17	confidence	confidence	NOUN
gujaf-15	256	18	.	.	PUNCT
gujaf-15	257	1	when	when	SCONJ
gujaf-15	257	2	insiders	insider	NOUN
gujaf-15	257	3	have	have	VERB
gujaf-15	257	4	a	a	DET
gujaf-15	257	5	large	large	ADJ
gujaf-15	257	6	ownership	ownership	NOUN
gujaf-15	257	7	stake	stake	NOUN
gujaf-15	257	8	,	,	PUNCT
gujaf-15	257	9	they	they	PRON
gujaf-15	257	10	often	often	ADV
gujaf-15	257	11	might	might	AUX
gujaf-15	257	12	be	be	AUX
gujaf-15	257	13	so	so	ADV
gujaf-15	257	14	powerful	powerful	ADJ
gujaf-15	257	15	and	and	CCONJ
gujaf-15	257	16	do	do	AUX
gujaf-15	257	17	not	not	PART
gujaf-15	257	18	consider	consider	VERB
gujaf-15	257	19	other	other	ADJ
gujaf-15	257	20	shareholders	shareholder	NOUN
gujaf-15	257	21	.	.	PUNCT
gujaf-15	258	1	insiders	insider	NOUN
gujaf-15	258	2	owning	own	VERB
gujaf-15	258	3	a	a	DET
gujaf-15	258	4	substantial	substantial	ADJ
gujaf-15	258	5	fraction	fraction	NOUN
gujaf-15	258	6	of	of	ADP
gujaf-15	258	7	a	a	DET
gujaf-15	258	8	firms	firm	NOUN
gujaf-15	258	9	’	'	PUNCT
gujaf-15	258	10	equity	equity	NOUN
gujaf-15	258	11	give	give	VERB
gujaf-15	258	12	them	they	PRON
gujaf-15	258	13	greater	great	ADJ
gujaf-15	258	14	freedom	freedom	NOUN
gujaf-15	258	15	to	to	PART
gujaf-15	258	16	pursue	pursue	VERB
gujaf-15	258	17	their	their	PRON
gujaf-15	258	18	own	own	ADJ
gujaf-15	258	19	best	good	ADJ
gujaf-15	258	20	interests	interest	NOUN
gujaf-15	258	21	and	and	CCONJ
gujaf-15	258	22	they	they	PRON
gujaf-15	258	23	become	become	VERB
gujaf-15	258	24	entrenched	entrench	VERB
gujaf-15	258	25	.	.	PUNCT
gujaf-15	259	1	block	block	NOUN
gujaf-15	259	2	holder	holder	NOUN
gujaf-15	259	3	ownership	ownership	NOUN
gujaf-15	259	4	and	and	CCONJ
gujaf-15	259	5	investors	investor	NOUN
gujaf-15	259	6	’	'	PUNCT
gujaf-15	259	7	gujaf	gujaf	NOUN
gujaf-15	259	8	:	:	PUNCT
gujaf-15	259	9	gusau	gusau	PROPN
gujaf-15	259	10	journal	journal	NOUN
gujaf-15	259	11	of	of	ADP
gujaf-15	259	12	accounting	accounting	NOUN
gujaf-15	259	13	and	and	CCONJ
gujaf-15	259	14	finance	finance	NOUN
gujaf-15	259	15	,	,	PUNCT
gujaf-15	259	16	vol	vol	NOUN
gujaf-15	259	17	.	.	PUNCT
gujaf-15	260	1	i	i	PRON
gujaf-15	260	2	,	,	PUNCT
gujaf-15	260	3	issue	issue	NOUN
gujaf-15	260	4	1	1	NUM
gujaf-15	260	5	,	,	PUNCT
gujaf-15	260	6	april	april	PROPN
gujaf-15	260	7	,	,	PUNCT
gujaf-15	260	8	2020	2020	NUM
gujaf-15	260	9	issn	issn	VERB
gujaf-15	260	10	2756	2756	NUM
gujaf-15	260	11	-	-	PUNCT
gujaf-15	260	12	665x	665x	NOUN
gujaf-15	260	13	19	19	NUM
gujaf-15	260	14	confidence	confidence	NOUN
gujaf-15	260	15	are	be	AUX
gujaf-15	260	16	found	find	VERB
gujaf-15	260	17	to	to	PART
gujaf-15	260	18	have	have	VERB
gujaf-15	260	19	a	a	DET
gujaf-15	260	20	negative	negative	ADJ
gujaf-15	260	21	and	and	CCONJ
gujaf-15	260	22	statistically	statistically	ADV
gujaf-15	260	23	significant	significant	ADJ
gujaf-15	260	24	relationship	relationship	NOUN
gujaf-15	260	25	.	.	PUNCT
gujaf-15	261	1	the	the	DET
gujaf-15	261	2	result	result	NOUN
gujaf-15	261	3	of	of	ADP
gujaf-15	261	4	the	the	DET
gujaf-15	261	5	study	study	NOUN
gujaf-15	261	6	implies	imply	VERB
gujaf-15	261	7	that	that	SCONJ
gujaf-15	261	8	investors	investor	NOUN
gujaf-15	261	9	’	'	PUNCT
gujaf-15	261	10	confidence	confidence	NOUN
gujaf-15	261	11	of	of	ADP
gujaf-15	261	12	listed	list	VERB
gujaf-15	261	13	deposit	deposit	NOUN
gujaf-15	261	14	money	money	NOUN
gujaf-15	261	15	banks	bank	NOUN
gujaf-15	261	16	in	in	ADP
gujaf-15	261	17	nigeria	nigeria	PROPN
gujaf-15	261	18	declines	decline	VERB
gujaf-15	261	19	as	as	ADP
gujaf-15	261	20	block	block	NOUN
gujaf-15	261	21	holder	holder	NOUN
gujaf-15	261	22	ownership	ownership	NOUN
gujaf-15	261	23	increases	increase	NOUN
gujaf-15	261	24	.	.	PUNCT
gujaf-15	262	1	references	reference	NOUN
gujaf-15	262	2	abdullah	abdullah	PROPN
gujaf-15	262	3	,	,	PUNCT
gujaf-15	262	4	s.	s.	PROPN
gujaf-15	262	5	n.	n.	PROPN
gujaf-15	262	6	(	(	PUNCT
gujaf-15	262	7	2006a	2006a	NUM
gujaf-15	262	8	)	)	PUNCT
gujaf-15	262	9	.	.	PUNCT
gujaf-15	263	1	board	board	NOUN
gujaf-15	263	2	structure	structure	NOUN
gujaf-15	263	3	and	and	CCONJ
gujaf-15	263	4	ownership	ownership	NOUN
gujaf-15	263	5	in	in	ADP
gujaf-15	263	6	malaysia	malaysia	PROPN
gujaf-15	263	7	:	:	PUNCT
gujaf-15	263	8	the	the	DET
gujaf-15	263	9	case	case	NOUN
gujaf-15	263	10	of	of	ADP
gujaf-15	263	11	distressed	distressed	ADJ
gujaf-15	263	12	listed	list	VERB
gujaf-15	263	13	companies	company	NOUN
gujaf-15	263	14	.	.	PUNCT
gujaf-15	264	1	corporate	corporate	ADJ
gujaf-15	264	2	governance	governance	NOUN
gujaf-15	264	3	,	,	PUNCT
gujaf-15	264	4	6(5	6(5	NUM
gujaf-15	264	5	):	):	PUNCT
gujaf-15	264	6	582	582	NUM
gujaf-15	264	7	-	-	SYM
gujaf-15	264	8	594	594	NUM
gujaf-15	264	9	.	.	PUNCT
gujaf-15	265	1	abdullah	abdullah	PROPN
gujaf-15	265	2	,	,	PUNCT
gujaf-15	265	3	s.	s.	PROPN
gujaf-15	265	4	n.	n.	PROPN
gujaf-15	265	5	(	(	PUNCT
gujaf-15	265	6	2006b	2006b	NUM
gujaf-15	265	7	)	)	PUNCT
gujaf-15	265	8	.	.	PUNCT
gujaf-15	266	1	directors	director	NOUN
gujaf-15	266	2	'	'	PART
gujaf-15	266	3	remuneration	remuneration	NOUN
gujaf-15	266	4	,	,	PUNCT
gujaf-15	266	5	firm	firm	NOUN
gujaf-15	266	6	's	's	PART
gujaf-15	266	7	performance	performance	NOUN
gujaf-15	266	8	and	and	CCONJ
gujaf-15	266	9	corporate	corporate	ADJ
gujaf-15	266	10	governance	governance	NOUN
gujaf-15	266	11	in	in	ADP
gujaf-15	266	12	malaysia	malaysia	PROPN
gujaf-15	266	13	among	among	ADP
gujaf-15	266	14	distressed	distressed	ADJ
gujaf-15	266	15	companies	company	NOUN
gujaf-15	266	16	.	.	PUNCT
gujaf-15	267	1	corporate	corporate	ADJ
gujaf-15	267	2	governance	governance	NOUN
gujaf-15	267	3	,	,	PUNCT
gujaf-15	267	4	6(2	6(2	NUM
gujaf-15	267	5	):	):	PUNCT
gujaf-15	267	6	162	162	NUM
gujaf-15	267	7	-	-	SYM
gujaf-15	267	8	174	174	NUM
gujaf-15	267	9	.	.	PUNCT
gujaf-15	268	1	accounting	accounting	NOUN
gujaf-15	268	2	and	and	CCONJ
gujaf-15	268	3	public	public	ADJ
gujaf-15	268	4	policy	policy	NOUN
gujaf-15	268	5	,	,	PUNCT
gujaf-15	268	6	25(4	25(4	NOUN
gujaf-15	268	7	)	)	PUNCT
gujaf-15	268	8	,	,	PUNCT
gujaf-15	268	9	409434	409434	NUM
gujaf-15	268	10	.	.	PUNCT
gujaf-15	269	1	achleitner	achleitner	PROPN
gujaf-15	269	2	,	,	PUNCT
gujaf-15	269	3	a.	a.	PROPN
gujaf-15	269	4	k.	k.	PROPN
gujaf-15	269	5	,	,	PUNCT
gujaf-15	269	6	kaserer	kaserer	PROPN
gujaf-15	269	7	,	,	PUNCT
gujaf-15	269	8	c.	c.	PROPN
gujaf-15	269	9	,	,	PUNCT
gujaf-15	269	10	&	&	CCONJ
gujaf-15	269	11	moldenhauer	moldenhauer	PROPN
gujaf-15	269	12	,	,	PUNCT
gujaf-15	269	13	b.	b.	PROPN
gujaf-15	269	14	(	(	PUNCT
gujaf-15	269	15	2005	2005	NUM
gujaf-15	269	16	)	)	PUNCT
gujaf-15	269	17	.	.	PUNCT
gujaf-15	270	1	german	german	ADJ
gujaf-15	270	2	entrepreneurial	entrepreneurial	ADJ
gujaf-15	270	3	index	index	NOUN
gujaf-15	270	4	gex	gex	PROPN
gujaf-15	270	5	-	-	PUNCT
gujaf-15	270	6	ein	ein	PROPN
gujaf-15	270	7	style	style	NOUN
gujaf-15	270	8	-	-	PUNCT
gujaf-15	270	9	index	index	NOUN
gujaf-15	270	10	zur	zur	NOUN
gujaf-15	270	11	performance	performance	NOUN
gujaf-15	270	12	eigentümergeführter	eigentümergeführter	NOUN
gujaf-15	270	13	unternehmen	unternehman	NOUN
gujaf-15	270	14	.	.	PUNCT
gujaf-15	271	1	der	der	PROPN
gujaf-15	271	2	finanzbetrieb	finanzbetrieb	PROPN
gujaf-15	271	3	,	,	PUNCT
gujaf-15	271	4	7	7	NUM
gujaf-15	271	5	,	,	PUNCT
gujaf-15	271	6	118	118	NUM
gujaf-15	271	7	-	-	SYM
gujaf-15	271	8	126	126	NUM
gujaf-15	271	9	.	.	PUNCT
gujaf-15	272	1	ahmardpour	ahmardpour	PROPN
gujaf-15	272	2	k.	k.	PROPN
gujaf-15	272	3	,	,	PUNCT
gujaf-15	272	4	&	&	CCONJ
gujaf-15	272	5	krdtbar	krdtbar	PROPN
gujaf-15	272	6	f.	f.	PROPN
gujaf-15	272	7	(	(	PUNCT
gujaf-15	272	8	2008	2008	NUM
gujaf-15	272	9	)	)	PUNCT
gujaf-15	272	10	.	.	PUNCT
gujaf-15	273	1	investigating	investigate	VERB
gujaf-15	273	2	the	the	DET
gujaf-15	273	3	relationship	relationship	NOUN
gujaf-15	273	4	between	between	ADP
gujaf-15	273	5	non	non	ADJ
gujaf-15	273	6	duty	duty	NOUN
gujaf-15	273	7	members	member	NOUN
gujaf-15	273	8	of	of	ADP
gujaf-15	273	9	board	board	NOUN
gujaf-15	273	10	of	of	ADP
gujaf-15	273	11	directors	director	NOUN
gujaf-15	273	12	andinstitutional	andinstitutional	ADJ
gujaf-15	273	13	investors	investor	NOUN
gujaf-15	273	14	with	with	ADP
gujaf-15	273	15	the	the	DET
gujaf-15	273	16	behavior	behavior	NOUN
gujaf-15	273	17	of	of	ADP
gujaf-15	273	18	corporate	corporate	ADJ
gujaf-15	273	19	earnings	earning	NOUN
gujaf-15	273	20	management	management	NOUN
gujaf-15	273	21	.	.	PUNCT
gujaf-15	274	1	journal	journal	PROPN
gujaf-15	274	2	of	of	ADP
gujaf-15	274	3	finance	finance	NOUN
gujaf-15	274	4	,	,	PUNCT
gujaf-15	274	5	55(1	55(1	NUM
gujaf-15	274	6	):	):	PUNCT
gujaf-15	274	7	87	87	NUM
gujaf-15	274	8	–	–	SYM
gujaf-15	274	9	130	130	NUM
gujaf-15	274	10	.	.	PUNCT
gujaf-15	275	1	alchian	alchian	PROPN
gujaf-15	275	2	,	,	PUNCT
gujaf-15	275	3	a.	a.	NOUN
gujaf-15	275	4	a.	a.	NOUN
gujaf-15	275	5	(	(	PUNCT
gujaf-15	275	6	1965	1965	NUM
gujaf-15	275	7	)	)	PUNCT
gujaf-15	275	8	.	.	PUNCT
gujaf-15	276	1	the	the	DET
gujaf-15	276	2	basis	basis	NOUN
gujaf-15	276	3	of	of	ADP
gujaf-15	276	4	some	some	DET
gujaf-15	276	5	recent	recent	ADJ
gujaf-15	276	6	advances	advance	NOUN
gujaf-15	276	7	in	in	ADP
gujaf-15	276	8	the	the	DET
gujaf-15	276	9	theory	theory	NOUN
gujaf-15	276	10	of	of	ADP
gujaf-15	276	11	management	management	NOUN
gujaf-15	276	12	of	of	ADP
gujaf-15	276	13	the	the	DET
gujaf-15	276	14	firm	firm	NOUN
gujaf-15	276	15	.	.	PUNCT
gujaf-15	277	1	the	the	DET
gujaf-15	277	2	journal	journal	NOUN
gujaf-15	277	3	of	of	ADP
gujaf-15	277	4	industrial	industrial	ADJ
gujaf-15	277	5	economics	economic	NOUN
gujaf-15	277	6	,	,	PUNCT
gujaf-15	277	7	30	30	NUM
gujaf-15	277	8	-	-	SYM
gujaf-15	277	9	41	41	NUM
gujaf-15	277	10	.	.	PUNCT
gujaf-15	278	1	alnaser	alnaser	PROPN
gujaf-15	278	2	,	,	PUNCT
gujaf-15	278	3	n.	n.	NOUN
gujaf-15	278	4	,	,	PUNCT
gujaf-15	278	5	shaban	shaban	PROPN
gujaf-15	278	6	,	,	PUNCT
gujaf-15	278	7	o.	o.	PROPN
gujaf-15	278	8	s.	s.	PROPN
gujaf-15	278	9	,	,	PUNCT
gujaf-15	278	10	&	&	CCONJ
gujaf-15	278	11	al	al	PROPN
gujaf-15	278	12	-	-	PUNCT
gujaf-15	278	13	zubi	zubi	PROPN
gujaf-15	278	14	,	,	PUNCT
gujaf-15	278	15	z.	z.	PROPN
gujaf-15	278	16	(	(	PUNCT
gujaf-15	278	17	2014	2014	NUM
gujaf-15	278	18	)	)	PUNCT
gujaf-15	278	19	.	.	PUNCT
gujaf-15	279	1	the	the	DET
gujaf-15	279	2	effect	effect	NOUN
gujaf-15	279	3	of	of	ADP
gujaf-15	279	4	effective	effective	ADJ
gujaf-15	279	5	corporate	corporate	ADJ
gujaf-15	279	6	governance	governance	NOUN
gujaf-15	279	7	structure	structure	NOUN
gujaf-15	279	8	in	in	ADP
gujaf-15	279	9	improving	improve	VERB
gujaf-15	279	10	investors	investor	NOUN
gujaf-15	279	11	'	'	PART
gujaf-15	279	12	confidence	confidence	NOUN
gujaf-15	279	13	in	in	ADP
gujaf-15	279	14	the	the	DET
gujaf-15	279	15	public	public	ADJ
gujaf-15	279	16	financial	financial	ADJ
gujaf-15	279	17	information	information	NOUN
gujaf-15	279	18	.	.	PUNCT
gujaf-15	280	1	international	international	ADJ
gujaf-15	280	2	journal	journal	PROPN
gujaf-15	280	3	of	of	ADP
gujaf-15	280	4	academic	academic	ADJ
gujaf-15	280	5	research	research	NOUN
gujaf-15	280	6	in	in	ADP
gujaf-15	280	7	business	business	NOUN
gujaf-15	280	8	and	and	CCONJ
gujaf-15	280	9	social	social	ADJ
gujaf-15	280	10	sciences	science	NOUN
gujaf-15	280	11	,	,	PUNCT
gujaf-15	280	12	4(1	4(1	NOUN
gujaf-15	280	13	)	)	PUNCT
gujaf-15	280	14	,	,	PUNCT
gujaf-15	280	15	556	556	X
gujaf-15	280	16	.	.	PUNCT
gujaf-15	280	17	ann	ann	PROPN
gujaf-15	280	18	,	,	PUNCT
gujaf-15	280	19	m.	m.	NOUN
gujaf-15	280	20	a.	a.	NOUN
gujaf-15	280	21	(	(	PUNCT
gujaf-15	280	22	2006	2006	NUM
gujaf-15	280	23	)	)	PUNCT
gujaf-15	280	24	.	.	PUNCT
gujaf-15	281	1	an	an	DET
gujaf-15	281	2	analysis	analysis	NOUN
gujaf-15	281	3	of	of	ADP
gujaf-15	281	4	the	the	DET
gujaf-15	281	5	price	price	NOUN
gujaf-15	281	6	/	/	SYM
gujaf-15	281	7	book	book	NOUN
gujaf-15	281	8	ratio	ratio	NOUN
gujaf-15	281	9	of	of	ADP
gujaf-15	281	10	two	two	NUM
gujaf-15	281	11	maltese	maltese	ADJ
gujaf-15	281	12	listed	list	VERB
gujaf-15	281	13	companies	company	NOUN
gujaf-15	281	14	.	.	PUNCT
gujaf-15	282	1	bank	bank	PROPN
gujaf-15	282	2	of	of	ADP
gujaf-15	282	3	valletta	valletta	PROPN
gujaf-15	282	4	review	review	PROPN
gujaf-15	282	5	,	,	PUNCT
gujaf-15	282	6	no	no	INTJ
gujaf-15	282	7	.	.	NOUN
gujaf-15	282	8	34	34	NUM
gujaf-15	282	9	,	,	PUNCT
gujaf-15	282	10	autumn	autumn	NOUN
gujaf-15	282	11	2006	2006	NUM
gujaf-15	282	12	black	black	NOUN
gujaf-15	282	13	,	,	PUNCT
gujaf-15	282	14	b.	b.	PROPN
gujaf-15	282	15	(	(	PUNCT
gujaf-15	282	16	2001	2001	NUM
gujaf-15	282	17	)	)	PUNCT
gujaf-15	282	18	.	.	PUNCT
gujaf-15	283	1	the	the	DET
gujaf-15	283	2	corporate	corporate	ADJ
gujaf-15	283	3	governance	governance	NOUN
gujaf-15	283	4	behavior	behavior	NOUN
gujaf-15	283	5	and	and	CCONJ
gujaf-15	283	6	market	market	NOUN
gujaf-15	283	7	value	value	NOUN
gujaf-15	283	8	of	of	ADP
gujaf-15	283	9	russian	russian	ADJ
gujaf-15	283	10	firms	firm	NOUN
gujaf-15	283	11	.	.	PUNCT
gujaf-15	284	1	emerging	emerge	VERB
gujaf-15	284	2	markets	market	NOUN
gujaf-15	284	3	review	review	VERB
gujaf-15	284	4	,	,	PUNCT
gujaf-15	284	5	2(2	2(2	NUM
gujaf-15	284	6	)	)	PUNCT
gujaf-15	284	7	,	,	PUNCT
gujaf-15	284	8	89	89	NUM
gujaf-15	284	9	-	-	SYM
gujaf-15	284	10	108	108	NUM
gujaf-15	284	11	.	.	PUNCT
gujaf-15	285	1	chung	chung	PROPN
gujaf-15	285	2	,	,	PUNCT
gujaf-15	285	3	k.	k.	PROPN
gujaf-15	285	4	h.	h.	PROPN
gujaf-15	285	5	,	,	PUNCT
gujaf-15	285	6	&	&	CCONJ
gujaf-15	285	7	zhang	zhang	PROPN
gujaf-15	285	8	,	,	PUNCT
gujaf-15	285	9	h.	h.	PROPN
gujaf-15	285	10	(	(	PUNCT
gujaf-15	285	11	2011	2011	NUM
gujaf-15	285	12	)	)	PUNCT
gujaf-15	285	13	.	.	PUNCT
gujaf-15	286	1	corporate	corporate	ADJ
gujaf-15	286	2	governance	governance	NOUN
gujaf-15	286	3	and	and	CCONJ
gujaf-15	286	4	institutional	institutional	ADJ
gujaf-15	286	5	ownership	ownership	NOUN
gujaf-15	286	6	.	.	PUNCT
gujaf-15	287	1	journal	journal	NOUN
gujaf-15	287	2	of	of	ADP
gujaf-15	287	3	financial	financial	ADJ
gujaf-15	287	4	and	and	CCONJ
gujaf-15	287	5	quantitative	quantitative	ADJ
gujaf-15	287	6	analysis	analysis	NOUN
gujaf-15	287	7	,	,	PUNCT
gujaf-15	287	8	46(1	46(1	PROPN
gujaf-15	287	9	)	)	PUNCT
gujaf-15	287	10	,	,	PUNCT
gujaf-15	287	11	247273	247273	NUM
gujaf-15	287	12	.	.	PUNCT
gujaf-15	288	1	claessens	claessen	NOUN
gujaf-15	288	2	,	,	PUNCT
gujaf-15	288	3	s.	s.	PROPN
gujaf-15	288	4	,	,	PUNCT
gujaf-15	288	5	&	&	CCONJ
gujaf-15	288	6	fan	fan	PROPN
gujaf-15	288	7	,	,	PUNCT
gujaf-15	288	8	j.	j.	PROPN
gujaf-15	288	9	p.	p.	PROPN
gujaf-15	288	10	(	(	PUNCT
gujaf-15	288	11	2002	2002	NUM
gujaf-15	288	12	)	)	PUNCT
gujaf-15	288	13	.	.	PUNCT
gujaf-15	289	1	corporate	corporate	ADJ
gujaf-15	289	2	governance	governance	NOUN
gujaf-15	289	3	in	in	ADP
gujaf-15	289	4	asia	asia	PROPN
gujaf-15	289	5	:	:	PUNCT
gujaf-15	289	6	a	a	DET
gujaf-15	289	7	survey	survey	NOUN
gujaf-15	289	8	.	.	PUNCT
gujaf-15	290	1	international	international	ADJ
gujaf-15	290	2	review	review	NOUN
gujaf-15	290	3	of	of	ADP
gujaf-15	290	4	finance	finance	NOUN
gujaf-15	290	5	,	,	PUNCT
gujaf-15	290	6	3(2	3(2	NUM
gujaf-15	290	7	)	)	PUNCT
gujaf-15	290	8	,	,	PUNCT
gujaf-15	290	9	71	71	NUM
gujaf-15	290	10	-	-	SYM
gujaf-15	290	11	103	103	NUM
gujaf-15	290	12	.	.	PUNCT
gujaf-15	291	1	cornett	cornett	NOUN
gujaf-15	291	2	,	,	PUNCT
gujaf-15	291	3	m.	m.	NOUN
gujaf-15	291	4	m.	m.	NOUN
gujaf-15	291	5	,	,	PUNCT
gujaf-15	291	6	marcus	marcus	PROPN
gujaf-15	291	7	,	,	PUNCT
gujaf-15	291	8	a.	a.	PROPN
gujaf-15	291	9	j.	j.	PROPN
gujaf-15	291	10	,	,	PUNCT
gujaf-15	291	11	saunders	saunders	PROPN
gujaf-15	291	12	,	,	PUNCT
gujaf-15	291	13	a.	a.	PROPN
gujaf-15	291	14	,	,	PUNCT
gujaf-15	291	15	&	&	CCONJ
gujaf-15	291	16	tehranian	tehranian	PROPN
gujaf-15	291	17	,	,	PUNCT
gujaf-15	291	18	h.	h.	PROPN
gujaf-15	291	19	(	(	PUNCT
gujaf-15	291	20	2007	2007	NUM
gujaf-15	291	21	)	)	PUNCT
gujaf-15	291	22	.	.	PUNCT
gujaf-15	292	1	the	the	DET
gujaf-15	292	2	impact	impact	NOUN
gujaf-15	292	3	of	of	ADP
gujaf-15	292	4	institutional	institutional	ADJ
gujaf-15	292	5	ownership	ownership	NOUN
gujaf-15	292	6	on	on	ADP
gujaf-15	292	7	corporate	corporate	ADJ
gujaf-15	292	8	operating	operating	NOUN
gujaf-15	292	9	performance	performance	NOUN
gujaf-15	292	10	.	.	PUNCT
gujaf-15	293	1	journal	journal	NOUN
gujaf-15	293	2	of	of	ADP
gujaf-15	293	3	banking	banking	NOUN
gujaf-15	293	4	&	&	CCONJ
gujaf-15	293	5	finance	finance	NOUN
gujaf-15	293	6	,	,	PUNCT
gujaf-15	293	7	31(6	31(6	NUM
gujaf-15	293	8	)	)	PUNCT
gujaf-15	293	9	,	,	PUNCT
gujaf-15	293	10	1771	1771	NUM
gujaf-15	293	11	-	-	SYM
gujaf-15	293	12	1794	1794	NUM
gujaf-15	293	13	.	.	PUNCT
gujaf-15	294	1	gujaf	gujaf	NOUN
gujaf-15	294	2	:	:	PUNCT
gujaf-15	294	3	gusau	gusau	PROPN
gujaf-15	294	4	journal	journal	NOUN
gujaf-15	294	5	of	of	ADP
gujaf-15	294	6	accounting	accounting	NOUN
gujaf-15	294	7	and	and	CCONJ
gujaf-15	294	8	finance	finance	NOUN
gujaf-15	294	9	,	,	PUNCT
gujaf-15	294	10	vol	vol	NOUN
gujaf-15	294	11	.	.	PUNCT
gujaf-15	295	1	i	i	PRON
gujaf-15	295	2	,	,	PUNCT
gujaf-15	295	3	issue	issue	NOUN
gujaf-15	295	4	1	1	NUM
gujaf-15	295	5	,	,	PUNCT
gujaf-15	295	6	april	april	PROPN
gujaf-15	295	7	,	,	PUNCT
gujaf-15	295	8	2020	2020	NUM
gujaf-15	295	9	issn	issn	VERB
gujaf-15	295	10	2756	2756	NUM
gujaf-15	295	11	-	-	PUNCT
gujaf-15	295	12	665x	665x	NOUN
gujaf-15	295	13	20	20	NUM
gujaf-15	295	14	demsetz	demsetz	ADJ
gujaf-15	295	15	,	,	PUNCT
gujaf-15	295	16	h.	h.	PROPN
gujaf-15	295	17	,	,	PUNCT
gujaf-15	295	18	&	&	CCONJ
gujaf-15	295	19	villalonga	villalonga	PROPN
gujaf-15	295	20	,	,	PUNCT
gujaf-15	295	21	b.	b.	PROPN
gujaf-15	295	22	(	(	PUNCT
gujaf-15	295	23	2001	2001	NUM
gujaf-15	295	24	)	)	PUNCT
gujaf-15	295	25	.	.	PUNCT
gujaf-15	296	1	ownership	ownership	NOUN
gujaf-15	296	2	structure	structure	NOUN
gujaf-15	296	3	and	and	CCONJ
gujaf-15	296	4	corporate	corporate	ADJ
gujaf-15	296	5	performance	performance	NOUN
gujaf-15	296	6	.	.	PUNCT
gujaf-15	297	1	journal	journal	NOUN
gujaf-15	297	2	of	of	ADP
gujaf-15	297	3	corporate	corporate	ADJ
gujaf-15	297	4	finance	finance	NOUN
gujaf-15	297	5	,	,	PUNCT
gujaf-15	297	6	7(3	7(3	NUM
gujaf-15	297	7	)	)	PUNCT
gujaf-15	297	8	,	,	PUNCT
gujaf-15	297	9	209	209	NUM
gujaf-15	297	10	-	-	SYM
gujaf-15	297	11	233	233	NUM
gujaf-15	297	12	.	.	PUNCT
gujaf-15	298	1	du	du	PROPN
gujaf-15	298	2	,	,	PUNCT
gujaf-15	298	3	y.	y.	PROPN
gujaf-15	298	4	(	(	PUNCT
gujaf-15	298	5	2014	2014	NUM
gujaf-15	298	6	)	)	PUNCT
gujaf-15	298	7	.	.	PUNCT
gujaf-15	299	1	board	board	NOUN
gujaf-15	299	2	size	size	NOUN
gujaf-15	299	3	,	,	PUNCT
gujaf-15	299	4	investor	investor	NOUN
gujaf-15	299	5	confidence	confidence	NOUN
gujaf-15	299	6	and	and	CCONJ
gujaf-15	299	7	agricultural	agricultural	ADJ
gujaf-15	299	8	listed	list	VERB
gujaf-15	299	9	corporate	corporate	ADJ
gujaf-15	299	10	value	value	NOUN
gujaf-15	299	11	.	.	PUNCT
gujaf-15	300	1	macroeconomics	macroeconomic	NOUN
gujaf-15	300	2	,	,	PUNCT
gujaf-15	300	3	5(2	5(2	NUM
gujaf-15	300	4	)	)	PUNCT
gujaf-15	300	5	,	,	PUNCT
gujaf-15	300	6	243	243	NUM
gujaf-15	300	7	-	-	SYM
gujaf-15	300	8	254	254	NUM
gujaf-15	300	9	.	.	PUNCT
gujaf-15	301	1	ezazi	ezazi	PROPN
gujaf-15	301	2	,	,	PUNCT
gujaf-15	301	3	m.	m.	NOUN
gujaf-15	301	4	s.	s.	PROPN
gujaf-15	301	5	,	,	PUNCT
gujaf-15	301	6	sadeghisharif	sadeghisharif	PROPN
gujaf-15	301	7	,	,	PUNCT
gujaf-15	301	8	s.	s.	PROPN
gujaf-15	301	9	j.	j.	PROPN
gujaf-15	301	10	,	,	PUNCT
gujaf-15	301	11	alipour	alipour	PROPN
gujaf-15	301	12	,	,	PUNCT
gujaf-15	301	13	m.	m.	NOUN
gujaf-15	301	14	,	,	PUNCT
gujaf-15	301	15	&	&	CCONJ
gujaf-15	301	16	amjadi	amjadi	PROPN
gujaf-15	301	17	,	,	PUNCT
gujaf-15	301	18	h.	h.	PROPN
gujaf-15	301	19	(	(	PUNCT
gujaf-15	301	20	2011	2011	NUM
gujaf-15	301	21	)	)	PUNCT
gujaf-15	301	22	.	.	PUNCT
gujaf-15	302	1	the	the	DET
gujaf-15	302	2	effect	effect	NOUN
gujaf-15	302	3	of	of	ADP
gujaf-15	302	4	ownership	ownership	NOUN
gujaf-15	302	5	structure	structure	NOUN
gujaf-15	302	6	on	on	ADP
gujaf-15	302	7	share	share	NOUN
gujaf-15	302	8	price	price	NOUN
gujaf-15	302	9	volatility	volatility	NOUN
gujaf-15	302	10	of	of	ADP
gujaf-15	302	11	listed	list	VERB
gujaf-15	302	12	companies	company	NOUN
gujaf-15	302	13	in	in	ADP
gujaf-15	302	14	tehran	tehran	PROPN
gujaf-15	302	15	stock	stock	PROPN
gujaf-15	302	16	exchange	exchange	PROPN
gujaf-15	302	17	:	:	PUNCT
gujaf-15	302	18	an	an	DET
gujaf-15	302	19	empirical	empirical	ADJ
gujaf-15	302	20	evidence	evidence	NOUN
gujaf-15	302	21	of	of	ADP
gujaf-15	302	22	iran	iran	PROPN
gujaf-15	302	23	.	.	PUNCT
gujaf-15	303	1	international	international	ADJ
gujaf-15	303	2	journal	journal	PROPN
gujaf-15	303	3	of	of	ADP
gujaf-15	303	4	business	business	NOUN
gujaf-15	303	5	and	and	CCONJ
gujaf-15	303	6	social	social	ADJ
gujaf-15	303	7	science	science	NOUN
gujaf-15	303	8	,	,	PUNCT
gujaf-15	303	9	2(5	2(5	NUM
gujaf-15	303	10	)	)	PUNCT
gujaf-15	303	11	,	,	PUNCT
gujaf-15	303	12	163	163	NUM
gujaf-15	303	13	-	-	SYM
gujaf-15	303	14	169	169	NUM
gujaf-15	303	15	.	.	PUNCT
gujaf-15	304	1	güner	güner	NOUN
gujaf-15	304	2	,	,	PUNCT
gujaf-15	304	3	a.	a.	PROPN
gujaf-15	304	4	b.	b.	PROPN
gujaf-15	304	5	,	,	PUNCT
gujaf-15	304	6	malmendier	malmendier	NOUN
gujaf-15	304	7	,	,	PUNCT
gujaf-15	304	8	u.	u.	PROPN
gujaf-15	304	9	,	,	PUNCT
gujaf-15	304	10	&	&	CCONJ
gujaf-15	304	11	tate	tate	PROPN
gujaf-15	304	12	,	,	PUNCT
gujaf-15	304	13	g.	g.	PROPN
gujaf-15	304	14	(	(	PUNCT
gujaf-15	304	15	2008	2008	NUM
gujaf-15	304	16	)	)	PUNCT
gujaf-15	304	17	.	.	PUNCT
gujaf-15	305	1	financial	financial	ADJ
gujaf-15	305	2	expertise	expertise	NOUN
gujaf-15	305	3	of	of	ADP
gujaf-15	305	4	directors	director	NOUN
gujaf-15	305	5	.	.	PUNCT
gujaf-15	306	1	journal	journal	NOUN
gujaf-15	306	2	of	of	ADP
gujaf-15	306	3	financial	financial	ADJ
gujaf-15	306	4	economics	economic	NOUN
gujaf-15	306	5	,	,	PUNCT
gujaf-15	306	6	88(2	88(2	NUM
gujaf-15	306	7	)	)	PUNCT
gujaf-15	306	8	,	,	PUNCT
gujaf-15	306	9	323	323	NUM
gujaf-15	306	10	-	-	SYM
gujaf-15	306	11	354	354	NUM
gujaf-15	306	12	.	.	PUNCT
gujaf-15	307	1	haniffa	haniffa	PROPN
gujaf-15	307	2	,	,	PUNCT
gujaf-15	307	3	r.	r.	PROPN
gujaf-15	307	4	m.	m.	PROPN
gujaf-15	307	5	,	,	PUNCT
gujaf-15	307	6	&	&	CCONJ
gujaf-15	307	7	cooke	cooke	PROPN
gujaf-15	307	8	,	,	PUNCT
gujaf-15	307	9	t.	t.	PROPN
gujaf-15	307	10	e.	e.	PROPN
gujaf-15	307	11	(	(	PUNCT
gujaf-15	307	12	2002	2002	NUM
gujaf-15	307	13	)	)	PUNCT
gujaf-15	307	14	.	.	PUNCT
gujaf-15	308	1	culture	culture	NOUN
gujaf-15	308	2	,	,	PUNCT
gujaf-15	308	3	corporate	corporate	ADJ
gujaf-15	308	4	governance	governance	NOUN
gujaf-15	308	5	and	and	CCONJ
gujaf-15	308	6	disclosure	disclosure	NOUN
gujaf-15	308	7	in	in	ADP
gujaf-15	308	8	malaysian	malaysian	ADJ
gujaf-15	308	9	corporations	corporation	NOUN
gujaf-15	308	10	.	.	PUNCT
gujaf-15	309	1	abacus	abacus	PROPN
gujaf-15	309	2	,	,	PUNCT
gujaf-15	309	3	38(3	38(3	NUM
gujaf-15	309	4	)	)	PUNCT
gujaf-15	309	5	,	,	PUNCT
gujaf-15	309	6	317	317	NUM
gujaf-15	309	7	-	-	SYM
gujaf-15	309	8	349	349	NUM
gujaf-15	309	9	.	.	PUNCT
gujaf-15	310	1	hansmann	hansmann	PROPN
gujaf-15	310	2	,	,	PUNCT
gujaf-15	310	3	h.	h.	PROPN
gujaf-15	310	4	(	(	PUNCT
gujaf-15	310	5	2000	2000	NUM
gujaf-15	310	6	)	)	PUNCT
gujaf-15	310	7	.	.	PUNCT
gujaf-15	311	1	the	the	DET
gujaf-15	311	2	ownership	ownership	NOUN
gujaf-15	311	3	of	of	ADP
gujaf-15	311	4	enterprise	enterprise	NOUN
gujaf-15	311	5	.	.	PUNCT
gujaf-15	312	1	harvard	harvard	PROPN
gujaf-15	312	2	university	university	PROPN
gujaf-15	312	3	press	press	NOUN
gujaf-15	312	4	.	.	PUNCT
gujaf-15	313	1	ho	ho	PROPN
gujaf-15	313	2	,	,	PUNCT
gujaf-15	313	3	s.	s.	PROPN
gujaf-15	313	4	s.	s.	PROPN
gujaf-15	313	5	,	,	PUNCT
gujaf-15	313	6	&	&	CCONJ
gujaf-15	313	7	wong	wong	PROPN
gujaf-15	313	8	,	,	PUNCT
gujaf-15	313	9	k.	k.	PROPN
gujaf-15	313	10	s.	s.	PROPN
gujaf-15	313	11	(	(	PUNCT
gujaf-15	313	12	2001	2001	NUM
gujaf-15	313	13	)	)	PUNCT
gujaf-15	313	14	.	.	PUNCT
gujaf-15	314	1	a	a	DET
gujaf-15	314	2	study	study	NOUN
gujaf-15	314	3	of	of	ADP
gujaf-15	314	4	the	the	DET
gujaf-15	314	5	relationship	relationship	NOUN
gujaf-15	314	6	between	between	ADP
gujaf-15	314	7	corporate	corporate	ADJ
gujaf-15	314	8	governance	governance	NOUN
gujaf-15	314	9	structures	structure	NOUN
gujaf-15	314	10	and	and	CCONJ
gujaf-15	314	11	the	the	DET
gujaf-15	314	12	extent	extent	NOUN
gujaf-15	314	13	of	of	ADP
gujaf-15	314	14	voluntary	voluntary	ADJ
gujaf-15	314	15	disclosure	disclosure	NOUN
gujaf-15	314	16	.	.	PUNCT
gujaf-15	315	1	journal	journal	NOUN
gujaf-15	315	2	of	of	ADP
gujaf-15	315	3	international	international	ADJ
gujaf-15	315	4	accounting	accounting	NOUN
gujaf-15	315	5	,	,	PUNCT
gujaf-15	315	6	auditing	auditing	NOUN
gujaf-15	315	7	and	and	CCONJ
gujaf-15	315	8	taxation	taxation	NOUN
gujaf-15	315	9	,	,	PUNCT
gujaf-15	315	10	10(2	10(2	NUM
gujaf-15	315	11	)	)	PUNCT
gujaf-15	315	12	,	,	PUNCT
gujaf-15	315	13	139	139	NUM
gujaf-15	315	14	-	-	SYM
gujaf-15	315	15	156	156	NUM
gujaf-15	315	16	.	.	PUNCT
gujaf-15	316	1	imam	imam	PROPN
gujaf-15	316	2	,	,	PUNCT
gujaf-15	316	3	m.	m.	NOUN
gujaf-15	316	4	o.	o.	PROPN
gujaf-15	316	5	,	,	PUNCT
gujaf-15	316	6	&	&	CCONJ
gujaf-15	316	7	malik	malik	PROPN
gujaf-15	316	8	,	,	PUNCT
gujaf-15	316	9	m.	m.	NOUN
gujaf-15	316	10	(	(	PUNCT
gujaf-15	316	11	2007	2007	NUM
gujaf-15	316	12	)	)	PUNCT
gujaf-15	316	13	.	.	PUNCT
gujaf-15	317	1	firm	firm	ADJ
gujaf-15	317	2	performance	performance	NOUN
gujaf-15	317	3	and	and	CCONJ
gujaf-15	317	4	corporate	corporate	ADJ
gujaf-15	317	5	governance	governance	NOUN
gujaf-15	317	6	through	through	ADP
gujaf-15	317	7	ownership	ownership	NOUN
gujaf-15	317	8	structure	structure	NOUN
gujaf-15	317	9	:	:	PUNCT
gujaf-15	317	10	evidence	evidence	NOUN
gujaf-15	317	11	from	from	ADP
gujaf-15	317	12	bangladesh	bangladesh	NOUN
gujaf-15	317	13	stock	stock	NOUN
gujaf-15	317	14	market	market	NOUN
gujaf-15	317	15	.	.	PUNCT
gujaf-15	318	1	international	international	ADJ
gujaf-15	318	2	review	review	PROPN
gujaf-15	318	3	of	of	ADP
gujaf-15	318	4	business	business	NOUN
gujaf-15	318	5	research	research	NOUN
gujaf-15	318	6	papers	paper	NOUN
gujaf-15	318	7	,	,	PUNCT
gujaf-15	318	8	3(4	3(4	NUM
gujaf-15	318	9	)	)	PUNCT
gujaf-15	318	10	,	,	PUNCT
gujaf-15	318	11	88	88	NUM
gujaf-15	318	12	-	-	SYM
gujaf-15	318	13	110	110	NUM
gujaf-15	318	14	.	.	PUNCT
gujaf-15	319	1	jensen	jensen	PROPN
gujaf-15	319	2	,	,	PUNCT
gujaf-15	319	3	m.	m.	PROPN
gujaf-15	319	4	c.	c.	PROPN
gujaf-15	319	5	,	,	PUNCT
gujaf-15	319	6	&	&	CCONJ
gujaf-15	319	7	meckling	meckling	PROPN
gujaf-15	319	8	,	,	PUNCT
gujaf-15	319	9	w.	w.	PROPN
gujaf-15	319	10	h.	h.	PROPN
gujaf-15	319	11	(	(	PUNCT
gujaf-15	319	12	1976	1976	NUM
gujaf-15	319	13	)	)	PUNCT
gujaf-15	319	14	.	.	PUNCT
gujaf-15	320	1	theory	theory	NOUN
gujaf-15	320	2	of	of	ADP
gujaf-15	320	3	the	the	DET
gujaf-15	320	4	firm	firm	NOUN
gujaf-15	320	5	:	:	PUNCT
gujaf-15	320	6	managerial	managerial	ADJ
gujaf-15	320	7	behavior	behavior	NOUN
gujaf-15	320	8	,	,	PUNCT
gujaf-15	320	9	agency	agency	NOUN
gujaf-15	320	10	costs	cost	NOUN
gujaf-15	320	11	and	and	CCONJ
gujaf-15	320	12	ownership	ownership	NOUN
gujaf-15	320	13	structure	structure	NOUN
gujaf-15	320	14	.	.	PUNCT
gujaf-15	321	1	journal	journal	NOUN
gujaf-15	321	2	of	of	ADP
gujaf-15	321	3	financial	financial	ADJ
gujaf-15	321	4	economics	economic	NOUN
gujaf-15	321	5	,	,	PUNCT
gujaf-15	321	6	3(4	3(4	NUM
gujaf-15	321	7	)	)	PUNCT
gujaf-15	321	8	,	,	PUNCT
gujaf-15	321	9	305	305	NUM
gujaf-15	321	10	-	-	SYM
gujaf-15	321	11	360	360	NUM
gujaf-15	321	12	.	.	PUNCT
gujaf-15	322	1	karami	karami	PROPN
gujaf-15	322	2	,	,	PUNCT
gujaf-15	322	3	g.	g.	PROPN
gujaf-15	322	4	h.	h.	PROPN
gujaf-15	322	5	(	(	PUNCT
gujaf-15	322	6	2008	2008	NUM
gujaf-15	322	7	)	)	PUNCT
gujaf-15	322	8	.	.	PUNCT
gujaf-15	323	1	the	the	DET
gujaf-15	323	2	review	review	NOUN
gujaf-15	323	3	of	of	ADP
gujaf-15	323	4	relationship	relationship	NOUN
gujaf-15	323	5	between	between	ADP
gujaf-15	323	6	the	the	DET
gujaf-15	323	7	final	final	ADJ
gujaf-15	323	8	owners	owner	NOUN
gujaf-15	323	9	and	and	CCONJ
gujaf-15	323	10	the	the	DET
gujaf-15	323	11	concept	concept	NOUN
gujaf-15	323	12	of	of	ADP
gujaf-15	323	13	gain	gain	NOUN
gujaf-15	323	14	information	information	NOUN
gujaf-15	323	15	.	.	PUNCT
gujaf-15	324	1	auditing	auditing	NOUN
gujaf-15	324	2	review	review	NOUN
gujaf-15	324	3	journal	journal	NOUN
gujaf-15	324	4	,	,	PUNCT
gujaf-15	324	5	9	9	NUM
gujaf-15	324	6	,	,	PUNCT
gujaf-15	324	7	54	54	NUM
gujaf-15	324	8	-	-	SYM
gujaf-15	324	9	61	61	NUM
gujaf-15	324	10	.	.	PUNCT
gujaf-15	325	1	kumar	kumar	PROPN
gujaf-15	325	2	,	,	PUNCT
gujaf-15	325	3	p.	p.	PROPN
gujaf-15	325	4	,	,	PUNCT
gujaf-15	325	5	zattoni	zattoni	ADJ
gujaf-15	325	6	,	,	PUNCT
gujaf-15	325	7	a.	a.	NOUN
gujaf-15	325	8	2014	2014	NUM
gujaf-15	325	9	.	.	PUNCT
gujaf-15	326	1	corporate	corporate	ADJ
gujaf-15	326	2	governance	governance	NOUN
gujaf-15	326	3	,	,	PUNCT
gujaf-15	326	4	information	information	NOUN
gujaf-15	326	5	,	,	PUNCT
gujaf-15	326	6	and	and	CCONJ
gujaf-15	326	7	investor	investor	NOUN
gujaf-15	326	8	confidence	confidence	NOUN
gujaf-15	326	9	.	.	PUNCT
gujaf-15	327	1	corporate	corporate	ADJ
gujaf-15	327	2	governance	governance	NOUN
gujaf-15	327	3	:	:	PUNCT
gujaf-15	327	4	an	an	DET
gujaf-15	327	5	international	international	ADJ
gujaf-15	327	6	review	review	NOUN
gujaf-15	327	7	,	,	PUNCT
gujaf-15	327	8	22	22	NUM
gujaf-15	327	9	:	:	SYM
gujaf-15	327	10	437	437	NUM
gujaf-15	327	11	–	–	PUNCT
gujaf-15	327	12	439	439	NUM
gujaf-15	327	13	.	.	PUNCT
gujaf-15	328	1	la	la	PROPN
gujaf-15	328	2	porta	porta	PROPN
gujaf-15	328	3	,	,	PUNCT
gujaf-15	328	4	r.	r.	PROPN
gujaf-15	328	5	,	,	PUNCT
gujaf-15	328	6	lopez‐de‐silanes	lopez‐de‐silanes	PROPN
gujaf-15	328	7	,	,	PUNCT
gujaf-15	328	8	f.	f.	PROPN
gujaf-15	328	9	,	,	PUNCT
gujaf-15	328	10	&	&	CCONJ
gujaf-15	328	11	shleifer	shleifer	PROPN
gujaf-15	328	12	,	,	PUNCT
gujaf-15	328	13	a.	a.	NOUN
gujaf-15	328	14	(	(	PUNCT
gujaf-15	328	15	1999	1999	NUM
gujaf-15	328	16	)	)	PUNCT
gujaf-15	328	17	.	.	PUNCT
gujaf-15	329	1	corporate	corporate	ADJ
gujaf-15	329	2	ownership	ownership	NOUN
gujaf-15	329	3	around	around	ADP
gujaf-15	329	4	the	the	DET
gujaf-15	329	5	world	world	NOUN
gujaf-15	329	6	.	.	PUNCT
gujaf-15	330	1	the	the	DET
gujaf-15	330	2	journal	journal	PROPN
gujaf-15	330	3	of	of	ADP
gujaf-15	330	4	finance	finance	NOUN
gujaf-15	330	5	,	,	PUNCT
gujaf-15	330	6	54(2	54(2	NUM
gujaf-15	330	7	)	)	PUNCT
gujaf-15	330	8	,	,	PUNCT
gujaf-15	330	9	471	471	NUM
gujaf-15	330	10	-	-	SYM
gujaf-15	330	11	517	517	NUM
gujaf-15	330	12	.	.	PUNCT
gujaf-15	331	1	lauterbach	lauterbach	PROPN
gujaf-15	331	2	,	,	PUNCT
gujaf-15	331	3	b.	b.	PROPN
gujaf-15	331	4	,	,	PUNCT
gujaf-15	331	5	&	&	CCONJ
gujaf-15	331	6	tolkowsky	tolkowsky	PROPN
gujaf-15	331	7	,	,	PUNCT
gujaf-15	331	8	e.	e.	PROPN
gujaf-15	331	9	(	(	PUNCT
gujaf-15	331	10	2007	2007	NUM
gujaf-15	331	11	)	)	PUNCT
gujaf-15	331	12	.	.	PUNCT
gujaf-15	332	1	market	market	NOUN
gujaf-15	332	2	-	-	PUNCT
gujaf-15	332	3	value	value	NOUN
gujaf-15	332	4	-	-	PUNCT
gujaf-15	332	5	maximizing	maximize	VERB
gujaf-15	332	6	ownership	ownership	NOUN
gujaf-15	332	7	structure	structure	NOUN
gujaf-15	332	8	when	when	SCONJ
gujaf-15	332	9	investor	investor	NOUN
gujaf-15	332	10	protection	protection	NOUN
gujaf-15	332	11	is	be	AUX
gujaf-15	332	12	weak	weak	ADJ
gujaf-15	332	13	.	.	PUNCT
gujaf-15	333	1	advances	advance	NOUN
gujaf-15	333	2	in	in	ADP
gujaf-15	333	3	financial	financial	ADJ
gujaf-15	333	4	economics	economic	NOUN
gujaf-15	333	5	,	,	PUNCT
gujaf-15	333	6	12	12	NUM
gujaf-15	333	7	,	,	PUNCT
gujaf-15	333	8	27	27	NUM
gujaf-15	333	9	-	-	SYM
gujaf-15	333	10	47	47	NUM
gujaf-15	333	11	.	.	PUNCT
gujaf-15	334	1	lee	lee	PROPN
gujaf-15	334	2	,	,	PUNCT
gujaf-15	334	3	j.	j.	PROPN
gujaf-15	334	4	,	,	PUNCT
gujaf-15	334	5	&	&	CCONJ
gujaf-15	334	6	shailer	shailer	PROPN
gujaf-15	334	7	,	,	PUNCT
gujaf-15	334	8	g.	g.	PROPN
gujaf-15	334	9	(	(	PUNCT
gujaf-15	334	10	2008	2008	NUM
gujaf-15	334	11	)	)	PUNCT
gujaf-15	334	12	.	.	PUNCT
gujaf-15	335	1	the	the	DET
gujaf-15	335	2	effect	effect	NOUN
gujaf-15	335	3	of	of	ADP
gujaf-15	335	4	board‐related	board‐relate	VERB
gujaf-15	335	5	reforms	reform	NOUN
gujaf-15	335	6	on	on	ADP
gujaf-15	335	7	investors	investor	NOUN
gujaf-15	335	8	'	'	PART
gujaf-15	335	9	confidence	confidence	NOUN
gujaf-15	335	10	.	.	PUNCT
gujaf-15	336	1	australian	australian	ADJ
gujaf-15	336	2	accounting	accounting	NOUN
gujaf-15	336	3	review	review	NOUN
gujaf-15	336	4	,	,	PUNCT
gujaf-15	336	5	18(2	18(2	NUM
gujaf-15	336	6	)	)	PUNCT
gujaf-15	336	7	,	,	PUNCT
gujaf-15	336	8	123	123	NUM
gujaf-15	336	9	-	-	SYM
gujaf-15	336	10	134	134	NUM
gujaf-15	336	11	.	.	PUNCT
gujaf-15	337	1	lei	lei	PROPN
gujaf-15	337	2	,	,	PUNCT
gujaf-15	337	3	g.	g.	PROPN
gujaf-15	337	4	y.	y.	PROPN
gujaf-15	337	5	,	,	PUNCT
gujaf-15	337	6	wang	wang	PROPN
gujaf-15	337	7	,	,	PUNCT
gujaf-15	337	8	w.	w.	PROPN
gujaf-15	337	9	,	,	PUNCT
gujaf-15	337	10	&	&	CCONJ
gujaf-15	337	11	jin	jin	PROPN
gujaf-15	337	12	,	,	PUNCT
gujaf-15	337	13	x.	x.	NOUN
gujaf-15	337	14	(	(	PUNCT
gujaf-15	337	15	2012	2012	NUM
gujaf-15	337	16	)	)	PUNCT
gujaf-15	337	17	.	.	PUNCT
gujaf-15	338	1	quality	quality	NOUN
gujaf-15	338	2	of	of	ADP
gujaf-15	338	3	corporate	corporate	ADJ
gujaf-15	338	4	governance	governance	NOUN
gujaf-15	338	5	,	,	PUNCT
gujaf-15	338	6	investors	investor	NOUN
gujaf-15	338	7	’	’	PART
gujaf-15	338	8	confidence	confidence	NOUN
gujaf-15	338	9	and	and	CCONJ
gujaf-15	338	10	stock	stock	NOUN
gujaf-15	338	11	return	return	NOUN
gujaf-15	338	12	.	.	PUNCT
gujaf-15	339	1	accounting	accounting	NOUN
gujaf-15	339	2	research	research	NOUN
gujaf-15	339	3	,	,	PUNCT
gujaf-15	339	4	2(1	2(1	NUM
gujaf-15	339	5	):	):	PUNCT
gujaf-15	339	6	512	512	NUM
gujaf-15	339	7	-	-	SYM
gujaf-15	339	8	525	525	NUM
gujaf-15	339	9	leora	leora	NOUN
gujaf-15	339	10	,	,	PUNCT
gujaf-15	339	11	f.	f.	PROPN
gujaf-15	339	12	k.	k.	PROPN
gujaf-15	339	13	,	,	PUNCT
gujaf-15	339	14	&	&	CCONJ
gujaf-15	339	15	inessa	inessa	PROPN
gujaf-15	339	16	,	,	PUNCT
gujaf-15	339	17	l.	l.	PROPN
gujaf-15	339	18	(	(	PUNCT
gujaf-15	339	19	2004	2004	NUM
gujaf-15	339	20	)	)	PUNCT
gujaf-15	339	21	.	.	PUNCT
gujaf-15	340	1	corporate	corporate	ADJ
gujaf-15	340	2	governance	governance	NOUN
gujaf-15	340	3	:	:	PUNCT
gujaf-15	340	4	an	an	DET
gujaf-15	340	5	international	international	ADJ
gujaf-15	340	6	review	review	NOUN
gujaf-15	340	7	.	.	PUNCT
gujaf-15	341	1	wiley	wiley	PROPN
gujaf-15	341	2	blackwell	blackwell	PROPN
gujaf-15	341	3	,	,	PUNCT
gujaf-15	341	4	12(4	12(4	NUM
gujaf-15	341	5	)	)	PUNCT
gujaf-15	341	6	,	,	PUNCT
gujaf-15	341	7	461	461	NUM
gujaf-15	341	8	-	-	SYM
gujaf-15	341	9	478	478	NUM
gujaf-15	341	10	.	.	PUNCT
gujaf-15	341	11	gujaf	gujaf	NOUN
gujaf-15	341	12	:	:	PUNCT
gujaf-15	341	13	gusau	gusau	PROPN
gujaf-15	341	14	journal	journal	NOUN
gujaf-15	341	15	of	of	ADP
gujaf-15	341	16	accounting	accounting	NOUN
gujaf-15	341	17	and	and	CCONJ
gujaf-15	341	18	finance	finance	NOUN
gujaf-15	341	19	,	,	PUNCT
gujaf-15	341	20	vol	vol	NOUN
gujaf-15	341	21	.	.	PUNCT
gujaf-15	342	1	i	i	PRON
gujaf-15	342	2	,	,	PUNCT
gujaf-15	342	3	issue	issue	NOUN
gujaf-15	342	4	1	1	NUM
gujaf-15	342	5	,	,	PUNCT
gujaf-15	342	6	april	april	PROPN
gujaf-15	342	7	,	,	PUNCT
gujaf-15	342	8	2020	2020	NUM
gujaf-15	342	9	issn	issn	PROPN
gujaf-15	342	10	2756	2756	NUM
gujaf-15	342	11	-	-	PUNCT
gujaf-15	342	12	665x	665x	NOUN
gujaf-15	342	13	21	21	NUM
gujaf-15	342	14	li	li	NOUN
gujaf-15	342	15	,	,	PUNCT
gujaf-15	342	16	x.	x.	PROPN
gujaf-15	342	17	l.	l.	PROPN
gujaf-15	342	18	,	,	PUNCT
gujaf-15	342	19	lai	lai	PROPN
gujaf-15	342	20	,	,	PUNCT
gujaf-15	342	21	j.	j.	PROPN
gujaf-15	342	22	j.	j.	PROPN
gujaf-15	342	23	,	,	PUNCT
gujaf-15	342	24	&	&	CCONJ
gujaf-15	342	25	tang	tang	PROPN
gujaf-15	342	26	,	,	PUNCT
gujaf-15	342	27	j.	j.	PROPN
gujaf-15	342	28	(	(	PUNCT
gujaf-15	342	29	2016	2016	NUM
gujaf-15	342	30	)	)	PUNCT
gujaf-15	342	31	.	.	PUNCT
gujaf-15	343	1	study	study	NOUN
gujaf-15	343	2	of	of	ADP
gujaf-15	343	3	the	the	DET
gujaf-15	343	4	influence	influence	NOUN
gujaf-15	343	5	of	of	ADP
gujaf-15	343	6	corporate	corporate	ADJ
gujaf-15	343	7	governance	governance	NOUN
gujaf-15	343	8	level	level	NOUN
gujaf-15	343	9	on	on	ADP
gujaf-15	343	10	investors	investor	NOUN
gujaf-15	343	11	’	'	PUNCT
gujaf-15	343	12	confidence	confidence	NOUN
gujaf-15	343	13	.	.	PUNCT
gujaf-15	344	1	canadian	canadian	ADJ
gujaf-15	344	2	social	social	ADJ
gujaf-15	344	3	science	science	NOUN
gujaf-15	344	4	,	,	PUNCT
gujaf-15	344	5	12(5	12(5	NUM
gujaf-15	344	6	)	)	PUNCT
gujaf-15	344	7	,	,	PUNCT
gujaf-15	344	8	8	8	NUM
gujaf-15	344	9	-	-	SYM
gujaf-15	344	10	16	16	NUM
gujaf-15	344	11	lins	lin	NOUN
gujaf-15	344	12	,	,	PUNCT
gujaf-15	344	13	k.	k.	PROPN
gujaf-15	344	14	v.	v.	PROPN
gujaf-15	344	15	,	,	PUNCT
gujaf-15	344	16	&	&	CCONJ
gujaf-15	344	17	servaes	servaes	PROPN
gujaf-15	344	18	,	,	PUNCT
gujaf-15	344	19	h.	h.	PROPN
gujaf-15	344	20	(	(	PUNCT
gujaf-15	344	21	2002	2002	NUM
gujaf-15	344	22	)	)	PUNCT
gujaf-15	344	23	.	.	PUNCT
gujaf-15	344	24	is	be	AUX
gujaf-15	344	25	corporate	corporate	ADJ
gujaf-15	344	26	diversification	diversification	NOUN
gujaf-15	344	27	beneficial	beneficial	ADJ
gujaf-15	344	28	in	in	ADP
gujaf-15	344	29	emerging	emerge	VERB
gujaf-15	344	30	markets	market	NOUN
gujaf-15	344	31	?	?	PUNCT
gujaf-15	344	32	.	.	PUNCT
gujaf-15	345	1	financial	financial	ADJ
gujaf-15	345	2	management	management	NOUN
gujaf-15	345	3	,	,	PUNCT
gujaf-15	345	4	5	5	NUM
gujaf-15	345	5	-	-	SYM
gujaf-15	345	6	31	31	NUM
gujaf-15	345	7	.	.	PUNCT
gujaf-15	346	1	majumdar	majumdar	PROPN
gujaf-15	346	2	,	,	PUNCT
gujaf-15	346	3	s.	s.	PROPN
gujaf-15	346	4	k.	k.	PROPN
gujaf-15	346	5	(	(	PUNCT
gujaf-15	346	6	1998	1998	NUM
gujaf-15	346	7	)	)	PUNCT
gujaf-15	346	8	.	.	PUNCT
gujaf-15	347	1	assessing	assess	VERB
gujaf-15	347	2	comparative	comparative	ADJ
gujaf-15	347	3	efficiency	efficiency	NOUN
gujaf-15	347	4	of	of	ADP
gujaf-15	347	5	the	the	DET
gujaf-15	347	6	state	state	NOUN
gujaf-15	347	7	-	-	PUNCT
gujaf-15	347	8	owned	own	VERB
gujaf-15	347	9	mixed	mixed	ADJ
gujaf-15	347	10	and	and	CCONJ
gujaf-15	347	11	private	private	ADJ
gujaf-15	347	12	sectors	sector	NOUN
gujaf-15	347	13	in	in	ADP
gujaf-15	347	14	indian	indian	ADJ
gujaf-15	347	15	industry	industry	NOUN
gujaf-15	347	16	.	.	PUNCT
gujaf-15	348	1	public	public	ADJ
gujaf-15	348	2	choice	choice	NOUN
gujaf-15	348	3	,	,	PUNCT
gujaf-15	348	4	96(1	96(1	PROPN
gujaf-15	348	5	-	-	SYM
gujaf-15	348	6	2	2	NUM
gujaf-15	348	7	)	)	PUNCT
gujaf-15	348	8	,	,	PUNCT
gujaf-15	348	9	1	1	NUM
gujaf-15	348	10	-	-	SYM
gujaf-15	348	11	24	24	NUM
gujaf-15	348	12	.	.	PUNCT
gujaf-15	349	1	mcgraw	mcgraw	PROPN
gujaf-15	349	2	,	,	PUNCT
gujaf-15	349	3	a.	a.	NOUN
gujaf-15	349	4	p.	p.	PROPN
gujaf-15	349	5	,	,	PUNCT
gujaf-15	349	6	larsen	larsen	PROPN
gujaf-15	349	7	,	,	PUNCT
gujaf-15	349	8	j.	j.	PROPN
gujaf-15	349	9	t.	t.	PROPN
gujaf-15	349	10	,	,	PUNCT
gujaf-15	349	11	kahneman	kahneman	PROPN
gujaf-15	349	12	,	,	PUNCT
gujaf-15	349	13	d.	d.	PROPN
gujaf-15	349	14	,	,	PUNCT
gujaf-15	349	15	&	&	CCONJ
gujaf-15	349	16	schkade	schkade	PROPN
gujaf-15	349	17	,	,	PUNCT
gujaf-15	349	18	d.	d.	PROPN
gujaf-15	349	19	(	(	PUNCT
gujaf-15	349	20	2010	2010	NUM
gujaf-15	349	21	)	)	PUNCT
gujaf-15	349	22	.	.	PUNCT
gujaf-15	350	1	comparing	compare	VERB
gujaf-15	350	2	gains	gain	NOUN
gujaf-15	350	3	and	and	CCONJ
gujaf-15	350	4	losses	loss	NOUN
gujaf-15	350	5	.	.	PUNCT
gujaf-15	351	1	psychological	psychological	ADJ
gujaf-15	351	2	science	science	NOUN
gujaf-15	351	3	,	,	PUNCT
gujaf-15	351	4	21(10	21(10	PROPN
gujaf-15	351	5	)	)	PUNCT
gujaf-15	351	6	,	,	PUNCT
gujaf-15	351	7	1438	1438	NUM
gujaf-15	351	8	-	-	SYM
gujaf-15	351	9	1445	1445	NUM
gujaf-15	351	10	.	.	PUNCT
gujaf-15	352	1	mitra	mitra	PROPN
gujaf-15	352	2	,	,	PUNCT
gujaf-15	352	3	s.	s.	PROPN
gujaf-15	352	4	,	,	PUNCT
gujaf-15	352	5	&	&	CCONJ
gujaf-15	352	6	cready	cready	PROPN
gujaf-15	352	7	,	,	PUNCT
gujaf-15	352	8	w.	w.	PROPN
gujaf-15	352	9	m.	m.	NOUN
gujaf-15	352	10	(	(	PUNCT
gujaf-15	352	11	2005	2005	NUM
gujaf-15	352	12	)	)	PUNCT
gujaf-15	352	13	.	.	PUNCT
gujaf-15	353	1	institutional	institutional	ADJ
gujaf-15	353	2	stock	stock	NOUN
gujaf-15	353	3	ownership	ownership	NOUN
gujaf-15	353	4	,	,	PUNCT
gujaf-15	353	5	accrual	accrual	ADJ
gujaf-15	353	6	management	management	NOUN
gujaf-15	353	7	,	,	PUNCT
gujaf-15	353	8	and	and	CCONJ
gujaf-15	353	9	information	information	NOUN
gujaf-15	353	10	environment	environment	NOUN
gujaf-15	353	11	.	.	PUNCT
gujaf-15	354	1	journal	journal	PROPN
gujaf-15	354	2	of	of	ADP
gujaf-15	354	3	accounting	accounting	NOUN
gujaf-15	354	4	,	,	PUNCT
gujaf-15	354	5	auditing	auditing	NOUN
gujaf-15	354	6	&	&	CCONJ
gujaf-15	354	7	finance	finance	NOUN
gujaf-15	354	8	,	,	PUNCT
gujaf-15	354	9	20(3	20(3	NOUN
gujaf-15	354	10	)	)	PUNCT
gujaf-15	354	11	,	,	PUNCT
gujaf-15	354	12	257	257	NUM
gujaf-15	354	13	-	-	SYM
gujaf-15	354	14	286	286	NUM
gujaf-15	354	15	.	.	PUNCT
gujaf-15	355	1	mueller	mueller	PROPN
gujaf-15	355	2	,	,	PUNCT
gujaf-15	355	3	e.	e.	PROPN
gujaf-15	355	4	,	,	PUNCT
gujaf-15	355	5	&	&	CCONJ
gujaf-15	355	6	spitz‐oener	spitz‐oener	PROPN
gujaf-15	355	7	,	,	PUNCT
gujaf-15	355	8	a.	a.	NOUN
gujaf-15	355	9	(	(	PUNCT
gujaf-15	355	10	2006	2006	NUM
gujaf-15	355	11	)	)	PUNCT
gujaf-15	355	12	.	.	PUNCT
gujaf-15	356	1	managerial	managerial	ADJ
gujaf-15	356	2	ownership	ownership	NOUN
gujaf-15	356	3	and	and	CCONJ
gujaf-15	356	4	company	company	NOUN
gujaf-15	356	5	performance	performance	NOUN
gujaf-15	356	6	in	in	ADP
gujaf-15	356	7	german	german	ADJ
gujaf-15	356	8	small	small	ADJ
gujaf-15	356	9	and	and	CCONJ
gujaf-15	356	10	medium‐sized	medium‐size	VERB
gujaf-15	356	11	private	private	ADJ
gujaf-15	356	12	enterprises	enterprise	NOUN
gujaf-15	356	13	.	.	PUNCT
gujaf-15	357	1	german	german	ADJ
gujaf-15	357	2	economic	economic	ADJ
gujaf-15	357	3	review	review	PROPN
gujaf-15	357	4	,	,	PUNCT
gujaf-15	357	5	7(2	7(2	NUM
gujaf-15	357	6	)	)	PUNCT
gujaf-15	357	7	,	,	PUNCT
gujaf-15	357	8	233	233	NUM
gujaf-15	357	9	-	-	SYM
gujaf-15	357	10	247	247	NUM
gujaf-15	357	11	.	.	PUNCT
gujaf-15	358	1	newell	newell	PROPN
gujaf-15	358	2	,	,	PUNCT
gujaf-15	358	3	r.	r.	PROPN
gujaf-15	358	4	,	,	PUNCT
gujaf-15	358	5	&	&	CCONJ
gujaf-15	358	6	wilson	wilson	PROPN
gujaf-15	358	7	,	,	PUNCT
gujaf-15	358	8	g.	g.	PROPN
gujaf-15	358	9	(	(	PUNCT
gujaf-15	358	10	2002	2002	NUM
gujaf-15	358	11	)	)	PUNCT
gujaf-15	358	12	.	.	PUNCT
gujaf-15	359	1	a	a	DET
gujaf-15	359	2	premium	premium	NOUN
gujaf-15	359	3	for	for	ADP
gujaf-15	359	4	good	good	ADJ
gujaf-15	359	5	governance	governance	NOUN
gujaf-15	359	6	.	.	PUNCT
gujaf-15	360	1	mckinsey	mckinsey	NOUN
gujaf-15	360	2	quarterly	quarterly	PROPN
gujaf-15	360	3	,	,	PUNCT
gujaf-15	360	4	3(2	3(2	NUM
gujaf-15	360	5	)	)	PUNCT
gujaf-15	360	6	,	,	PUNCT
gujaf-15	360	7	20	20	NUM
gujaf-15	360	8	-	-	SYM
gujaf-15	360	9	23	23	NUM
gujaf-15	360	10	.	.	PUNCT
gujaf-15	361	1	north	north	NOUN
gujaf-15	361	2	,	,	PUNCT
gujaf-15	361	3	d.	d.	PROPN
gujaf-15	361	4	c.	c.	PROPN
gujaf-15	361	5	(	(	PUNCT
gujaf-15	361	6	1990	1990	NUM
gujaf-15	361	7	)	)	PUNCT
gujaf-15	361	8	.	.	PUNCT
gujaf-15	362	1	a	a	DET
gujaf-15	362	2	transaction	transaction	NOUN
gujaf-15	362	3	cost	cost	NOUN
gujaf-15	362	4	theory	theory	NOUN
gujaf-15	362	5	of	of	ADP
gujaf-15	362	6	politics	politic	NOUN
gujaf-15	362	7	.	.	PUNCT
gujaf-15	363	1	journal	journal	PROPN
gujaf-15	363	2	of	of	ADP
gujaf-15	363	3	theoretical	theoretical	ADJ
gujaf-15	363	4	politics	politic	NOUN
gujaf-15	363	5	,	,	PUNCT
gujaf-15	363	6	2(4	2(4	NUM
gujaf-15	363	7	)	)	PUNCT
gujaf-15	363	8	,	,	PUNCT
gujaf-15	363	9	355	355	NUM
gujaf-15	363	10	-	-	SYM
gujaf-15	363	11	367	367	NUM
gujaf-15	363	12	.	.	PUNCT
gujaf-15	364	1	numazu	numazu	PROPN
gujaf-15	364	2	,	,	PUNCT
gujaf-15	364	3	m.	m.	NOUN
gujaf-15	364	4	,	,	PUNCT
gujaf-15	364	5	&	&	CCONJ
gujaf-15	364	6	kerman	kerman	PROPN
gujaf-15	364	7	,	,	PUNCT
gujaf-15	364	8	e.	e.	PROPN
gujaf-15	364	9	(	(	PUNCT
gujaf-15	364	10	2008	2008	NUM
gujaf-15	364	11	)	)	PUNCT
gujaf-15	364	12	.	.	PUNCT
gujaf-15	365	1	the	the	DET
gujaf-15	365	2	effect	effect	NOUN
gujaf-15	365	3	of	of	ADP
gujaf-15	365	4	ownership	ownership	NOUN
gujaf-15	365	5	structure	structure	NOUN
gujaf-15	365	6	on	on	ADP
gujaf-15	365	7	the	the	DET
gujaf-15	365	8	performance	performance	NOUN
gujaf-15	365	9	of	of	ADP
gujaf-15	365	10	listed	list	VERB
gujaf-15	365	11	firms	firm	NOUN
gujaf-15	365	12	in	in	ADP
gujaf-15	365	13	tehran	tehran	PROPN
gujaf-15	365	14	stock	stock	PROPN
gujaf-15	365	15	exchange	exchange	PROPN
gujaf-15	365	16	.	.	PUNCT
gujaf-15	366	1	journal	journal	NOUN
gujaf-15	366	2	of	of	ADP
gujaf-15	366	3	accounting	accounting	NOUN
gujaf-15	366	4	and	and	CCONJ
gujaf-15	366	5	auditing	auditing	NOUN
gujaf-15	366	6	review	review	NOUN
gujaf-15	366	7	,	,	PUNCT
gujaf-15	366	8	53(15	53(15	NUM
gujaf-15	366	9	)	)	PUNCT
gujaf-15	366	10	,	,	PUNCT
gujaf-15	366	11	83	83	NUM
gujaf-15	366	12	-	-	SYM
gujaf-15	366	13	100	100	NUM
gujaf-15	366	14	.	.	PUNCT
gujaf-15	367	1	ramaswamy	ramaswamy	ADJ
gujaf-15	367	2	,	,	PUNCT
gujaf-15	367	3	k.	k.	PROPN
gujaf-15	367	4	(	(	PUNCT
gujaf-15	367	5	2001	2001	NUM
gujaf-15	367	6	)	)	PUNCT
gujaf-15	367	7	.	.	PUNCT
gujaf-15	368	1	organizational	organizational	ADJ
gujaf-15	368	2	ownership	ownership	NOUN
gujaf-15	368	3	,	,	PUNCT
gujaf-15	368	4	competitive	competitive	ADJ
gujaf-15	368	5	intensity	intensity	NOUN
gujaf-15	368	6	,	,	PUNCT
gujaf-15	368	7	and	and	CCONJ
gujaf-15	368	8	firm	firm	ADJ
gujaf-15	368	9	performance	performance	NOUN
gujaf-15	368	10	:	:	PUNCT
gujaf-15	368	11	an	an	DET
gujaf-15	368	12	empirical	empirical	ADJ
gujaf-15	368	13	study	study	NOUN
gujaf-15	368	14	of	of	ADP
gujaf-15	368	15	the	the	DET
gujaf-15	368	16	indian	indian	ADJ
gujaf-15	368	17	manufacturing	manufacturing	NOUN
gujaf-15	368	18	sector	sector	NOUN
gujaf-15	368	19	.	.	PUNCT
gujaf-15	369	1	strategic	strategic	ADJ
gujaf-15	369	2	management	management	NOUN
gujaf-15	369	3	journal	journal	NOUN
gujaf-15	369	4	,	,	PUNCT
gujaf-15	369	5	22(10	22(10	NUM
gujaf-15	369	6	)	)	PUNCT
gujaf-15	369	7	,	,	PUNCT
gujaf-15	369	8	989	989	NUM
gujaf-15	369	9	-	-	SYM
gujaf-15	369	10	998	998	NUM
gujaf-15	369	11	.	.	PUNCT
gujaf-15	370	1	sanusi	sanusi	PROPN
gujaf-15	370	2	,	,	PUNCT
gujaf-15	370	3	l.	l.	PROPN
gujaf-15	370	4	s.	s.	PROPN
gujaf-15	370	5	(	(	PUNCT
gujaf-15	370	6	2012	2012	NUM
gujaf-15	370	7	)	)	PUNCT
gujaf-15	370	8	.	.	PUNCT
gujaf-15	371	1	banking	banking	NOUN
gujaf-15	371	2	reforms	reform	NOUN
gujaf-15	371	3	and	and	CCONJ
gujaf-15	371	4	its	its	PRON
gujaf-15	371	5	impact	impact	NOUN
gujaf-15	371	6	on	on	ADP
gujaf-15	371	7	nigerian	nigerian	ADJ
gujaf-15	371	8	economy	economy	NOUN
gujaf-15	371	9	.	.	PUNCT
gujaf-15	372	1	being	be	AUX
gujaf-15	372	2	a	a	DET
gujaf-15	372	3	lecture	lecture	NOUN
gujaf-15	372	4	delivered	deliver	VERB
gujaf-15	372	5	at	at	ADP
gujaf-15	372	6	the	the	DET
gujaf-15	372	7	university	university	PROPN
gujaf-15	372	8	of	of	ADP
gujaf-15	372	9	warwick	warwick	PROPN
gujaf-15	372	10	’s	’s	PART
gujaf-15	372	11	economic	economic	ADJ
gujaf-15	372	12	summit	summit	NOUN
gujaf-15	372	13	,	,	PUNCT
gujaf-15	372	14	uk	uk	PROPN
gujaf-15	372	15	17th	17th	PROPN
gujaf-15	372	16	february	february	PROPN
gujaf-15	372	17	.	.	PUNCT
gujaf-15	373	1	shleifer	shleifer	PROPN
gujaf-15	373	2	,	,	PUNCT
gujaf-15	373	3	a.	a.	PROPN
gujaf-15	373	4	,	,	PUNCT
gujaf-15	373	5	&	&	CCONJ
gujaf-15	373	6	vishny	vishny	PROPN
gujaf-15	373	7	,	,	PUNCT
gujaf-15	373	8	r.	r.	PROPN
gujaf-15	373	9	w.	w.	PROPN
gujaf-15	373	10	(	(	PUNCT
gujaf-15	373	11	1997	1997	NUM
gujaf-15	373	12	)	)	PUNCT
gujaf-15	373	13	.	.	PUNCT
gujaf-15	374	1	a	a	DET
gujaf-15	374	2	survey	survey	NOUN
gujaf-15	374	3	of	of	ADP
gujaf-15	374	4	corporate	corporate	ADJ
gujaf-15	374	5	governance	governance	NOUN
gujaf-15	374	6	.	.	PUNCT
gujaf-15	375	1	the	the	DET
gujaf-15	375	2	journal	journal	NOUN
gujaf-15	375	3	of	of	ADP
gujaf-15	375	4	finance	finance	NOUN
gujaf-15	375	5	,	,	PUNCT
gujaf-15	375	6	52(2	52(2	NUM
gujaf-15	375	7	)	)	PUNCT
gujaf-15	375	8	,	,	PUNCT
gujaf-15	375	9	737	737	NUM
gujaf-15	375	10	-	-	SYM
gujaf-15	375	11	783	783	NUM
gujaf-15	375	12	.	.	PUNCT
gujaf-15	376	1	soludo	soludo	PROPN
gujaf-15	376	2	,	,	PUNCT
gujaf-15	376	3	c.	c.	PROPN
gujaf-15	376	4	c.	c.	PROPN
gujaf-15	376	5	(	(	PUNCT
gujaf-15	376	6	2004	2004	NUM
gujaf-15	376	7	,	,	PUNCT
gujaf-15	376	8	july	july	PROPN
gujaf-15	376	9	)	)	PUNCT
gujaf-15	376	10	.	.	PUNCT
gujaf-15	377	1	consolidating	consolidate	VERB
gujaf-15	377	2	the	the	DET
gujaf-15	377	3	nigerian	nigerian	ADJ
gujaf-15	377	4	banking	banking	NOUN
gujaf-15	377	5	industry	industry	NOUN
gujaf-15	377	6	to	to	PART
gujaf-15	377	7	meet	meet	VERB
gujaf-15	377	8	the	the	DET
gujaf-15	377	9	development	development	NOUN
gujaf-15	377	10	challenges	challenge	NOUN
gujaf-15	377	11	of	of	ADP
gujaf-15	377	12	the	the	DET
gujaf-15	377	13	21st	21st	ADJ
gujaf-15	377	14	century	century	NOUN
gujaf-15	377	15	.	.	PUNCT
gujaf-15	378	1	in	in	ADP
gujaf-15	378	2	being	be	AUX
gujaf-15	378	3	an	an	DET
gujaf-15	378	4	address	address	NOUN
gujaf-15	378	5	delivered	deliver	VERB
gujaf-15	378	6	to	to	ADP
gujaf-15	378	7	the	the	DET
gujaf-15	378	8	special	special	ADJ
gujaf-15	378	9	meeting	meeting	NOUN
gujaf-15	378	10	of	of	ADP
gujaf-15	378	11	the	the	DET
gujaf-15	378	12	bankers	banker	NOUN
gujaf-15	378	13	’	'	PUNCT
gujaf-15	378	14	committee	committee	NOUN
gujaf-15	378	15	,	,	PUNCT
gujaf-15	378	16	held	hold	VERB
gujaf-15	378	17	on	on	ADP
gujaf-15	378	18	july	july	PROPN
gujaf-15	378	19	(	(	PUNCT
gujaf-15	378	20	vol	vol	NOUN
gujaf-15	378	21	.	.	PROPN
gujaf-15	378	22	6	6	NUM
gujaf-15	378	23	,	,	PUNCT
gujaf-15	378	24	p.	p.	NOUN
gujaf-15	378	25	2004	2004	NUM
gujaf-15	378	26	)	)	PUNCT
gujaf-15	378	27	.	.	PUNCT
gujaf-15	379	1	wagner	wagner	PROPN
gujaf-15	379	2	,	,	PUNCT
gujaf-15	379	3	j.	j.	PROPN
gujaf-15	379	4	(	(	PUNCT
gujaf-15	379	5	2008	2008	NUM
gujaf-15	379	6	)	)	PUNCT
gujaf-15	379	7	.	.	PUNCT
gujaf-15	380	1	a	a	DET
gujaf-15	380	2	note	note	NOUN
gujaf-15	380	3	on	on	ADP
gujaf-15	380	4	why	why	SCONJ
gujaf-15	380	5	more	more	ADV
gujaf-15	380	6	west	west	ADJ
gujaf-15	380	7	than	than	SCONJ
gujaf-15	380	8	east	east	ADJ
gujaf-15	380	9	german	german	ADJ
gujaf-15	380	10	firms	firm	NOUN
gujaf-15	380	11	export	export	VERB
gujaf-15	380	12	.	.	PUNCT
gujaf-15	381	1	international	international	ADJ
gujaf-15	381	2	economics	economic	NOUN
gujaf-15	381	3	and	and	CCONJ
gujaf-15	381	4	economic	economic	ADJ
gujaf-15	381	5	policy	policy	NOUN
gujaf-15	381	6	,	,	PUNCT
gujaf-15	381	7	5(4	5(4	NUM
gujaf-15	381	8	)	)	PUNCT
gujaf-15	381	9	,	,	PUNCT
gujaf-15	381	10	363	363	NUM
gujaf-15	381	11	-	-	SYM
gujaf-15	381	12	370	370	NUM
gujaf-15	381	13	.	.	PUNCT
gujaf-15	381	14	gujaf	gujaf	NOUN
gujaf-15	381	15	:	:	PUNCT
gujaf-15	381	16	gusau	gusau	PROPN
gujaf-15	381	17	journal	journal	NOUN
gujaf-15	381	18	of	of	ADP
gujaf-15	381	19	accounting	accounting	NOUN
gujaf-15	381	20	and	and	CCONJ
gujaf-15	381	21	finance	finance	NOUN
gujaf-15	381	22	,	,	PUNCT
gujaf-15	381	23	vol	vol	NOUN
gujaf-15	381	24	.	.	PUNCT
gujaf-15	382	1	i	i	PRON
gujaf-15	382	2	,	,	PUNCT
gujaf-15	382	3	issue	issue	NOUN
gujaf-15	382	4	1	1	NUM
gujaf-15	382	5	,	,	PUNCT
gujaf-15	382	6	april	april	PROPN
gujaf-15	382	7	,	,	PUNCT
gujaf-15	382	8	2020	2020	NUM
gujaf-15	382	9	issn	issn	VERB
gujaf-15	382	10	2756	2756	NUM
gujaf-15	382	11	-	-	PUNCT
gujaf-15	382	12	665x	665x	PROPN
gujaf-15	382	13	22	22	NUM
gujaf-15	382	14	wahab	wahab	PROPN
gujaf-15	382	15	,	,	PUNCT
gujaf-15	382	16	e.	e.	PROPN
gujaf-15	382	17	a.	a.	PROPN
gujaf-15	382	18	a.	a.	PROPN
gujaf-15	382	19	,	,	PUNCT
gujaf-15	382	20	how	how	SCONJ
gujaf-15	382	21	,	,	PUNCT
gujaf-15	382	22	j.	j.	PROPN
gujaf-15	382	23	,	,	PUNCT
gujaf-15	382	24	&	&	CCONJ
gujaf-15	382	25	verhoeven	verhoeven	PROPN
gujaf-15	382	26	,	,	PUNCT
gujaf-15	382	27	p.	p.	NOUN
gujaf-15	382	28	(	(	PUNCT
gujaf-15	382	29	2008	2008	NUM
gujaf-15	382	30	)	)	PUNCT
gujaf-15	382	31	.	.	PUNCT
gujaf-15	383	1	corporate	corporate	ADJ
gujaf-15	383	2	governance	governance	NOUN
gujaf-15	383	3	and	and	CCONJ
gujaf-15	383	4	institutional	institutional	ADJ
gujaf-15	383	5	investors	investor	NOUN
gujaf-15	383	6	:	:	PUNCT
gujaf-15	383	7	evidence	evidence	NOUN
gujaf-15	383	8	from	from	ADP
gujaf-15	383	9	malaysia	malaysia	PROPN
gujaf-15	383	10	.	.	PUNCT
gujaf-15	384	1	asian	asian	PROPN
gujaf-15	384	2	academy	academy	PROPN
gujaf-15	384	3	of	of	ADP
gujaf-15	384	4	management	management	PROPN
gujaf-15	384	5	journal	journal	PROPN
gujaf-15	384	6	of	of	ADP
gujaf-15	384	7	accounting	accounting	NOUN
gujaf-15	384	8	and	and	CCONJ
gujaf-15	384	9	finance	finance	NOUN
gujaf-15	384	10	,	,	PUNCT
gujaf-15	384	11	4(2	4(2	NUM
gujaf-15	384	12	)	)	PUNCT
gujaf-15	384	13	,	,	PUNCT
gujaf-15	384	14	67	67	NUM
gujaf-15	384	15	-	-	SYM
gujaf-15	384	16	90	90	NUM
gujaf-15	384	17	.	.	PUNCT
gujaf-15	385	1	wu	wu	PROPN
gujaf-15	385	2	,	,	PUNCT
gujaf-15	385	3	j.	j.	PROPN
gujaf-15	385	4	,	,	PUNCT
gujaf-15	385	5	xu	xu	PROPN
gujaf-15	385	6	,	,	PUNCT
gujaf-15	385	7	d.	d.	PROPN
gujaf-15	385	8	,	,	PUNCT
gujaf-15	385	9	&	&	CCONJ
gujaf-15	385	10	phan	phan	PROPN
gujaf-15	385	11	,	,	PUNCT
gujaf-15	385	12	p.	p.	NOUN
gujaf-15	385	13	h.	h.	PROPN
gujaf-15	385	14	(	(	PUNCT
gujaf-15	385	15	2011	2011	NUM
gujaf-15	385	16	)	)	PUNCT
gujaf-15	385	17	.	.	PUNCT
gujaf-15	386	1	the	the	DET
gujaf-15	386	2	effects	effect	NOUN
gujaf-15	386	3	of	of	ADP
gujaf-15	386	4	ownership	ownership	NOUN
gujaf-15	386	5	concentration	concentration	NOUN
gujaf-15	386	6	and	and	CCONJ
gujaf-15	386	7	corporate	corporate	ADJ
gujaf-15	386	8	debt	debt	NOUN
gujaf-15	386	9	on	on	ADP
gujaf-15	386	10	corporate	corporate	ADJ
gujaf-15	386	11	divestitures	divestiture	NOUN
gujaf-15	386	12	in	in	ADP
gujaf-15	386	13	chinese	chinese	ADJ
gujaf-15	386	14	listed	list	VERB
gujaf-15	386	15	firms	firm	NOUN
gujaf-15	386	16	.	.	PUNCT
gujaf-15	387	1	asia	asia	PROPN
gujaf-15	387	2	pacific	pacific	PROPN
gujaf-15	387	3	journal	journal	PROPN
gujaf-15	387	4	of	of	ADP
gujaf-15	387	5	management	management	NOUN
gujaf-15	387	6	,	,	PUNCT
gujaf-15	387	7	28(1	28(1	NOUN
gujaf-15	387	8	)	)	PUNCT
gujaf-15	387	9	,	,	PUNCT
gujaf-15	387	10	95	95	NUM
gujaf-15	387	11	-	-	SYM
gujaf-15	387	12	114	114	NUM
gujaf-15	387	13	.	.	PUNCT