id	sid	tid	token	lemma	pos
gujaf-16	1	1	gujaf	gujaf	NOUN
gujaf-16	1	2	:	:	PUNCT
gujaf-16	1	3	gusau	gusau	PROPN
gujaf-16	1	4	journal	journal	NOUN
gujaf-16	1	5	of	of	ADP
gujaf-16	1	6	accounting	accounting	NOUN
gujaf-16	1	7	and	and	CCONJ
gujaf-16	1	8	finance	finance	NOUN
gujaf-16	1	9	,	,	PUNCT
gujaf-16	1	10	vol	vol	NOUN
gujaf-16	1	11	.	.	PUNCT
gujaf-16	2	1	i	i	PRON
gujaf-16	2	2	,	,	PUNCT
gujaf-16	2	3	issue	issue	NOUN
gujaf-16	2	4	1	1	NUM
gujaf-16	2	5	,	,	PUNCT
gujaf-16	2	6	april	april	PROPN
gujaf-16	2	7	,	,	PUNCT
gujaf-16	2	8	2020	2020	NUM
gujaf-16	2	9	issn	issn	VERB
gujaf-16	2	10	2756	2756	NUM
gujaf-16	2	11	-	-	PUNCT
gujaf-16	2	12	665x	665x	NOUN
gujaf-16	2	13	1	1	NUM
gujaf-16	2	14	effect	effect	NOUN
gujaf-16	2	15	of	of	ADP
gujaf-16	2	16	macroeconomic	macroeconomic	ADJ
gujaf-16	2	17	factors	factor	NOUN
gujaf-16	2	18	on	on	ADP
gujaf-16	2	19	capital	capital	NOUN
gujaf-16	2	20	structure	structure	NOUN
gujaf-16	2	21	of	of	ADP
gujaf-16	2	22	firms	firm	NOUN
gujaf-16	2	23	in	in	ADP
gujaf-16	2	24	developing	develop	VERB
gujaf-16	2	25	africa	africa	PROPN
gujaf-16	2	26	:	:	PUNCT
gujaf-16	2	27	a	a	DET
gujaf-16	2	28	two	two	NUM
gujaf-16	2	29	-	-	PUNCT
gujaf-16	2	30	step	step	NOUN
gujaf-16	2	31	gmm	gmm	NOUN
gujaf-16	2	32	approach	approach	NOUN
gujaf-16	2	33	ahmed	ahmed	PROPN
gujaf-16	2	34	balarabe	balarabe	PROPN
gujaf-16	2	35	musa	musa	PROPN
gujaf-16	2	36	department	department	PROPN
gujaf-16	2	37	of	of	ADP
gujaf-16	2	38	general	general	PROPN
gujaf-16	2	39	studies	studies	PROPN
gujaf-16	2	40	school	school	NOUN
gujaf-16	2	41	of	of	ADP
gujaf-16	2	42	liberal	liberal	ADJ
gujaf-16	2	43	studies	study	NOUN
gujaf-16	2	44	nuhu	nuhu	PROPN
gujaf-16	2	45	bamalli	bamalli	PROPN
gujaf-16	2	46	polytecnic	polytecnic	ADJ
gujaf-16	2	47	,	,	PUNCT
gujaf-16	2	48	zaria	zaria	PROPN
gujaf-16	2	49	cozing005@gmail.com	cozing005@gmail.com	X
gujaf-16	3	1	+2348037837471	+2348037837471	PROPN
gujaf-16	3	2	abstract	abstract	NOUN
gujaf-16	3	3	the	the	DET
gujaf-16	3	4	study	study	NOUN
gujaf-16	3	5	examines	examine	VERB
gujaf-16	3	6	the	the	DET
gujaf-16	3	7	effects	effect	NOUN
gujaf-16	3	8	of	of	ADP
gujaf-16	3	9	macroeconomic	macroeconomic	ADJ
gujaf-16	3	10	factors	factor	NOUN
gujaf-16	3	11	and	and	CCONJ
gujaf-16	3	12	on	on	ADP
gujaf-16	3	13	capital	capital	NOUN
gujaf-16	3	14	structure	structure	NOUN
gujaf-16	3	15	of	of	ADP
gujaf-16	3	16	nonfinancial	nonfinancial	ADJ
gujaf-16	3	17	firms	firm	NOUN
gujaf-16	3	18	in	in	ADP
gujaf-16	3	19	africa	africa	PROPN
gujaf-16	3	20	.	.	PUNCT
gujaf-16	4	1	using	use	VERB
gujaf-16	4	2	a	a	DET
gujaf-16	4	3	recent	recent	ADJ
gujaf-16	4	4	data	datum	NOUN
gujaf-16	4	5	for	for	ADP
gujaf-16	4	6	an	an	DET
gujaf-16	4	7	advanced	advanced	ADJ
gujaf-16	4	8	dynamic	dynamic	ADJ
gujaf-16	4	9	model	model	NOUN
gujaf-16	4	10	(	(	PUNCT
gujaf-16	4	11	2step	2step	NUM
gujaf-16	4	12	system	system	NOUN
gujaf-16	4	13	generalized	generalize	VERB
gujaf-16	4	14	methods	method	NOUN
gujaf-16	4	15	of	of	ADP
gujaf-16	4	16	moment	moment	NOUN
gujaf-16	4	17	(	(	PUNCT
gujaf-16	4	18	gmm	gmm	NOUN
gujaf-16	4	19	)	)	PUNCT
gujaf-16	4	20	)	)	PUNCT
gujaf-16	4	21	technique	technique	NOUN
gujaf-16	4	22	for	for	ADP
gujaf-16	4	23	a	a	DET
gujaf-16	4	24	panel	panel	NOUN
gujaf-16	4	25	data	datum	NOUN
gujaf-16	4	26	model	model	NOUN
gujaf-16	4	27	of	of	ADP
gujaf-16	4	28	406	406	NUM
gujaf-16	4	29	non	non	ADJ
gujaf-16	4	30	-	-	ADJ
gujaf-16	4	31	financial	financial	ADJ
gujaf-16	4	32	firm	firm	NOUN
gujaf-16	4	33	of	of	ADP
gujaf-16	4	34	8	8	NUM
gujaf-16	4	35	developing	develop	VERB
gujaf-16	4	36	african	african	ADJ
gujaf-16	4	37	nations	nation	NOUN
gujaf-16	4	38	.	.	PUNCT
gujaf-16	5	1	the	the	DET
gujaf-16	5	2	findings	finding	NOUN
gujaf-16	5	3	reveal	reveal	VERB
gujaf-16	5	4	that	that	SCONJ
gujaf-16	5	5	macroeconomic	macroeconomic	ADJ
gujaf-16	5	6	variables	variable	NOUN
gujaf-16	5	7	are	be	AUX
gujaf-16	5	8	determinant	determinant	ADJ
gujaf-16	5	9	of	of	ADP
gujaf-16	5	10	capital	capital	NOUN
gujaf-16	5	11	structure	structure	NOUN
gujaf-16	5	12	of	of	ADP
gujaf-16	5	13	non	non	ADJ
gujaf-16	5	14	-	-	ADJ
gujaf-16	5	15	financial	financial	ADJ
gujaf-16	5	16	in	in	ADP
gujaf-16	5	17	africa	africa	PROPN
gujaf-16	5	18	.	.	PUNCT
gujaf-16	6	1	the	the	DET
gujaf-16	6	2	findings	finding	NOUN
gujaf-16	6	3	show	show	VERB
gujaf-16	6	4	that	that	SCONJ
gujaf-16	6	5	financial	financial	ADJ
gujaf-16	6	6	managers	manager	NOUN
gujaf-16	6	7	can	can	AUX
gujaf-16	6	8	benefit	benefit	VERB
gujaf-16	6	9	from	from	ADP
gujaf-16	6	10	raising	raise	VERB
gujaf-16	6	11	additional	additional	ADJ
gujaf-16	6	12	capital	capital	NOUN
gujaf-16	6	13	as	as	SCONJ
gujaf-16	6	14	macroeconomic	macroeconomic	ADJ
gujaf-16	6	15	conditions	condition	NOUN
gujaf-16	6	16	are	be	AUX
gujaf-16	6	17	favorable	favorable	ADJ
gujaf-16	6	18	.	.	PUNCT
gujaf-16	7	1	moreover	moreover	ADV
gujaf-16	7	2	,	,	PUNCT
gujaf-16	7	3	shareholders	shareholder	NOUN
gujaf-16	7	4	should	should	AUX
gujaf-16	7	5	employ	employ	VERB
gujaf-16	7	6	firm	firm	ADJ
gujaf-16	7	7	managers	manager	NOUN
gujaf-16	7	8	with	with	ADP
gujaf-16	7	9	good	good	ADJ
gujaf-16	7	10	knowledge	knowledge	NOUN
gujaf-16	7	11	of	of	ADP
gujaf-16	7	12	macroeconomic	macroeconomic	ADJ
gujaf-16	7	13	conditions	condition	NOUN
gujaf-16	7	14	and	and	CCONJ
gujaf-16	7	15	also	also	ADV
gujaf-16	7	16	encourage	encourage	VERB
gujaf-16	7	17	them	they	PRON
gujaf-16	7	18	raise	raise	VERB
gujaf-16	7	19	debt	debt	NOUN
gujaf-16	7	20	capital	capital	NOUN
gujaf-16	7	21	needed	need	VERB
gujaf-16	7	22	to	to	PART
gujaf-16	7	23	fund	fund	VERB
gujaf-16	7	24	positive	positive	ADJ
gujaf-16	7	25	investment	investment	NOUN
gujaf-16	7	26	.	.	PUNCT
gujaf-16	8	1	lastly	lastly	ADV
gujaf-16	8	2	,	,	PUNCT
gujaf-16	8	3	policymakers	policymaker	NOUN
gujaf-16	8	4	should	should	AUX
gujaf-16	8	5	enact	enact	VERB
gujaf-16	8	6	policies	policy	NOUN
gujaf-16	8	7	that	that	PRON
gujaf-16	8	8	promote	promote	VERB
gujaf-16	8	9	financial	financial	ADJ
gujaf-16	8	10	market	market	NOUN
gujaf-16	8	11	development	development	NOUN
gujaf-16	8	12	because	because	SCONJ
gujaf-16	8	13	such	such	ADJ
gujaf-16	8	14	policies	policy	NOUN
gujaf-16	8	15	would	would	AUX
gujaf-16	8	16	complement	complement	VERB
gujaf-16	8	17	the	the	DET
gujaf-16	8	18	banks	bank	NOUN
gujaf-16	8	19	’	’	PART
gujaf-16	8	20	financing	financing	NOUN
gujaf-16	8	21	strategies	strategy	NOUN
gujaf-16	8	22	and	and	CCONJ
gujaf-16	8	23	firms	firm	NOUN
gujaf-16	8	24	would	would	AUX
gujaf-16	8	25	have	have	VERB
gujaf-16	8	26	more	more	ADJ
gujaf-16	8	27	access	access	NOUN
gujaf-16	8	28	to	to	ADP
gujaf-16	8	29	debt	debt	NOUN
gujaf-16	8	30	capital	capital	NOUN
gujaf-16	8	31	.	.	PUNCT
gujaf-16	9	1	keywords	keyword	NOUN
gujaf-16	9	2	:	:	PUNCT
gujaf-16	9	3	capital	capital	NOUN
gujaf-16	9	4	structure	structure	NOUN
gujaf-16	9	5	,	,	PUNCT
gujaf-16	9	6	macroeconomic	macroeconomic	ADJ
gujaf-16	9	7	factors	factor	NOUN
gujaf-16	9	8	,	,	PUNCT
gujaf-16	9	9	developing	develop	VERB
gujaf-16	9	10	africa	africa	PROPN
gujaf-16	9	11	,	,	PUNCT
gujaf-16	9	12	generalized	generalized	ADJ
gujaf-16	9	13	methods	method	NOUN
gujaf-16	9	14	of	of	ADP
gujaf-16	9	15	moment	moment	NOUN
gujaf-16	9	16	(	(	PUNCT
gujaf-16	9	17	gmm	gmm	NOUN
gujaf-16	9	18	)	)	PUNCT
gujaf-16	9	19	1	1	NUM
gujaf-16	9	20	.	.	PUNCT
gujaf-16	10	1	introduction	introduction	NOUN
gujaf-16	10	2	capital	capital	NOUN
gujaf-16	10	3	structure	structure	NOUN
gujaf-16	10	4	is	be	AUX
gujaf-16	10	5	the	the	DET
gujaf-16	10	6	financial	financial	ADJ
gujaf-16	10	7	decisions	decision	NOUN
gujaf-16	10	8	regarding	regard	VERB
gujaf-16	10	9	raising	raise	VERB
gujaf-16	10	10	of	of	ADP
gujaf-16	10	11	capital	capital	NOUN
gujaf-16	10	12	from	from	ADP
gujaf-16	10	13	various	various	ADJ
gujaf-16	10	14	sources	source	NOUN
gujaf-16	10	15	of	of	ADP
gujaf-16	10	16	funds	fund	NOUN
gujaf-16	10	17	that	that	PRON
gujaf-16	10	18	comprises	comprise	VERB
gujaf-16	10	19	of	of	ADP
gujaf-16	10	20	retained	retain	VERB
gujaf-16	10	21	earnings	earning	NOUN
gujaf-16	10	22	and	and	CCONJ
gujaf-16	10	23	debt	debt	NOUN
gujaf-16	10	24	and	and	CCONJ
gujaf-16	10	25	equity	equity	NOUN
gujaf-16	10	26	(	(	PUNCT
gujaf-16	10	27	shahar	shahar	PROPN
gujaf-16	10	28	&	&	CCONJ
gujaf-16	10	29	manja	manja	PROPN
gujaf-16	10	30	,	,	PUNCT
gujaf-16	10	31	2018	2018	NUM
gujaf-16	10	32	)	)	PUNCT
gujaf-16	10	33	.	.	PUNCT
gujaf-16	11	1	capital	capital	NOUN
gujaf-16	11	2	structure	structure	NOUN
gujaf-16	11	3	decisions	decision	NOUN
gujaf-16	11	4	impact	impact	VERB
gujaf-16	11	5	a	a	DET
gujaf-16	11	6	firm	firm	NOUN
gujaf-16	11	7	in	in	ADP
gujaf-16	11	8	two	two	NUM
gujaf-16	11	9	aspects	aspect	NOUN
gujaf-16	11	10	.	.	PUNCT
gujaf-16	12	1	first	first	ADV
gujaf-16	12	2	,	,	PUNCT
gujaf-16	12	3	firms	firm	NOUN
gujaf-16	12	4	of	of	ADP
gujaf-16	12	5	equal	equal	ADJ
gujaf-16	12	6	risk	risk	NOUN
gujaf-16	12	7	category	category	NOUN
gujaf-16	12	8	with	with	ADP
gujaf-16	12	9	high	high	ADJ
gujaf-16	12	10	leverage	leverage	NOUN
gujaf-16	12	11	will	will	AUX
gujaf-16	12	12	likely	likely	ADV
gujaf-16	12	13	have	have	VERB
gujaf-16	12	14	high	high	ADJ
gujaf-16	12	15	costs	cost	NOUN
gujaf-16	12	16	of	of	ADP
gujaf-16	12	17	capital	capital	NOUN
gujaf-16	12	18	.	.	PUNCT
gujaf-16	13	1	lastly	lastly	ADV
gujaf-16	13	2	,	,	PUNCT
gujaf-16	13	3	capital	capital	NOUN
gujaf-16	13	4	structure	structure	NOUN
gujaf-16	13	5	will	will	AUX
gujaf-16	13	6	affect	affect	VERB
gujaf-16	13	7	firm	firm	NOUN
gujaf-16	13	8	's	's	PART
gujaf-16	13	9	valuation	valuation	NOUN
gujaf-16	13	10	,	,	PUNCT
gujaf-16	13	11	with	with	ADP
gujaf-16	13	12	high	high	ADJ
gujaf-16	13	13	leveraged	leveraged	ADJ
gujaf-16	13	14	firms	firm	NOUN
gujaf-16	13	15	being	be	AUX
gujaf-16	13	16	more	more	ADV
gujaf-16	13	17	volatile	volatile	ADJ
gujaf-16	13	18	and	and	CCONJ
gujaf-16	13	19	less	less	ADV
gujaf-16	13	20	valued	value	VERB
gujaf-16	13	21	than	than	ADP
gujaf-16	13	22	lower	low	ADJ
gujaf-16	13	23	leveraged	leveraged	ADJ
gujaf-16	13	24	firms	firm	NOUN
gujaf-16	13	25	(	(	PUNCT
gujaf-16	13	26	baltaci	baltaci	NOUN
gujaf-16	13	27	,	,	PUNCT
gujaf-16	13	28	and	and	CCONJ
gujaf-16	13	29	ayaydin	ayaydin	NOUN
gujaf-16	13	30	,	,	PUNCT
gujaf-16	13	31	2014	2014	NUM
gujaf-16	13	32	)	)	PUNCT
gujaf-16	13	33	.	.	PUNCT
gujaf-16	14	1	however	however	ADV
gujaf-16	14	2	,	,	PUNCT
gujaf-16	14	3	capital	capital	NOUN
gujaf-16	14	4	structure	structure	NOUN
gujaf-16	14	5	is	be	AUX
gujaf-16	14	6	a	a	DET
gujaf-16	14	7	vital	vital	ADJ
gujaf-16	14	8	choice	choice	NOUN
gujaf-16	14	9	that	that	PRON
gujaf-16	14	10	could	could	AUX
gujaf-16	14	11	lead	lead	VERB
gujaf-16	14	12	to	to	ADP
gujaf-16	14	13	an	an	DET
gujaf-16	14	14	optimum	optimum	ADJ
gujaf-16	14	15	funding	funding	NOUN
gujaf-16	14	16	mix	mix	NOUN
gujaf-16	14	17	that	that	PRON
gujaf-16	14	18	could	could	AUX
gujaf-16	14	19	optimize	optimize	VERB
gujaf-16	14	20	firm	firm	NOUN
gujaf-16	14	21	's	's	PART
gujaf-16	14	22	share	share	NOUN
gujaf-16	14	23	price	price	NOUN
gujaf-16	14	24	(	(	PUNCT
gujaf-16	14	25	lim	lim	PROPN
gujaf-16	14	26	,	,	PUNCT
gujaf-16	14	27	2012	2012	NUM
gujaf-16	14	28	)	)	PUNCT
gujaf-16	14	29	.	.	PUNCT
gujaf-16	15	1	studies	study	NOUN
gujaf-16	15	2	of	of	ADP
gujaf-16	15	3	corporate	corporate	ADJ
gujaf-16	15	4	capital	capital	NOUN
gujaf-16	15	5	structures	structure	NOUN
gujaf-16	15	6	have	have	VERB
gujaf-16	15	7	a	a	DET
gujaf-16	15	8	long	long	ADJ
gujaf-16	15	9	history	history	NOUN
gujaf-16	15	10	.	.	PUNCT
gujaf-16	16	1	ever	ever	ADV
gujaf-16	16	2	since	since	SCONJ
gujaf-16	16	3	the	the	DET
gujaf-16	16	4	article	article	NOUN
gujaf-16	16	5	by	by	ADP
gujaf-16	16	6	modigliani	modigliani	PROPN
gujaf-16	16	7	and	and	CCONJ
gujaf-16	16	8	miller	miller	PROPN
gujaf-16	16	9	(	(	PUNCT
gujaf-16	16	10	1958	1958	NUM
gujaf-16	16	11	)	)	PUNCT
gujaf-16	16	12	of	of	ADP
gujaf-16	16	13	irrelevance	irrelevance	NOUN
gujaf-16	16	14	proposition	proposition	NOUN
gujaf-16	16	15	,	,	PUNCT
gujaf-16	16	16	extensive	extensive	ADJ
gujaf-16	16	17	theoretical	theoretical	ADJ
gujaf-16	16	18	studies	study	NOUN
gujaf-16	16	19	have	have	AUX
gujaf-16	16	20	been	be	AUX
gujaf-16	16	21	done	do	VERB
gujaf-16	16	22	on	on	ADP
gujaf-16	16	23	determinants	determinant	NOUN
gujaf-16	16	24	of	of	ADP
gujaf-16	16	25	firm	firm	NOUN
gujaf-16	16	26	’s	’s	PART
gujaf-16	16	27	capital	capital	NOUN
gujaf-16	16	28	structures	structure	NOUN
gujaf-16	16	29	.	.	PUNCT
gujaf-16	17	1	these	these	DET
gujaf-16	17	2	efforts	effort	NOUN
gujaf-16	17	3	already	already	ADV
gujaf-16	17	4	resulted	result	VERB
gujaf-16	17	5	in	in	ADP
gujaf-16	17	6	the	the	DET
gujaf-16	17	7	early	early	ADJ
gujaf-16	17	8	1980s	1980	NOUN
gujaf-16	17	9	in	in	ADP
gujaf-16	17	10	the	the	DET
gujaf-16	17	11	establishment	establishment	NOUN
gujaf-16	17	12	of	of	ADP
gujaf-16	17	13	the	the	DET
gujaf-16	17	14	two	two	NUM
gujaf-16	17	15	major	major	ADJ
gujaf-16	17	16	principles	principle	NOUN
gujaf-16	17	17	mailto:cozing005@gmail.com	mailto:cozing005@gmail.com	NOUN
gujaf-16	17	18	gujaf	gujaf	NOUN
gujaf-16	17	19	:	:	PUNCT
gujaf-16	17	20	gusau	gusau	PROPN
gujaf-16	17	21	journal	journal	NOUN
gujaf-16	17	22	of	of	ADP
gujaf-16	17	23	accounting	accounting	NOUN
gujaf-16	17	24	and	and	CCONJ
gujaf-16	17	25	finance	finance	NOUN
gujaf-16	17	26	,	,	PUNCT
gujaf-16	17	27	vol	vol	NOUN
gujaf-16	17	28	.	.	PUNCT
gujaf-16	18	1	i	i	PRON
gujaf-16	18	2	,	,	PUNCT
gujaf-16	18	3	issue	issue	NOUN
gujaf-16	18	4	1	1	NUM
gujaf-16	18	5	,	,	PUNCT
gujaf-16	18	6	april	april	PROPN
gujaf-16	18	7	,	,	PUNCT
gujaf-16	18	8	2020	2020	NUM
gujaf-16	18	9	issn	issn	VERB
gujaf-16	18	10	2756	2756	NUM
gujaf-16	18	11	-	-	PUNCT
gujaf-16	18	12	665x	665x	NOUN
gujaf-16	18	13	2	2	NUM
gujaf-16	18	14	of	of	ADP
gujaf-16	18	15	capital	capital	NOUN
gujaf-16	18	16	structure	structure	NOUN
gujaf-16	18	17	.	.	PUNCT
gujaf-16	19	1	in	in	ADP
gujaf-16	19	2	trade	trade	NOUN
gujaf-16	19	3	-	-	PUNCT
gujaf-16	19	4	off	off	ADP
gujaf-16	19	5	principle	principle	NOUN
gujaf-16	19	6	,	,	PUNCT
gujaf-16	19	7	firms	firm	NOUN
gujaf-16	19	8	trade	trade	VERB
gujaf-16	19	9	off	off	ADP
gujaf-16	19	10	any	any	DET
gujaf-16	19	11	potential	potential	ADJ
gujaf-16	19	12	tax	tax	NOUN
gujaf-16	19	13	savings	saving	NOUN
gujaf-16	19	14	bankruptcy	bankruptcy	NOUN
gujaf-16	19	15	from	from	ADP
gujaf-16	19	16	debt	debt	NOUN
gujaf-16	19	17	financing	financing	NOUN
gujaf-16	19	18	against	against	ADP
gujaf-16	19	19	deadweight	deadweight	NOUN
gujaf-16	19	20	costs	cost	NOUN
gujaf-16	19	21	.	.	PUNCT
gujaf-16	20	1	pecking	pecking	NOUN
gujaf-16	20	2	order	order	NOUN
gujaf-16	20	3	hypothesis	hypothesis	NOUN
gujaf-16	20	4	,	,	PUNCT
gujaf-16	20	5	on	on	ADP
gujaf-16	20	6	the	the	DET
gujaf-16	20	7	other	other	ADJ
gujaf-16	20	8	hand	hand	NOUN
gujaf-16	20	9	,	,	PUNCT
gujaf-16	20	10	indicates	indicate	VERB
gujaf-16	20	11	firms	firm	NOUN
gujaf-16	20	12	prioritize	prioritize	VERB
gujaf-16	20	13	inside	inside	ADV
gujaf-16	20	14	to	to	ADP
gujaf-16	20	15	outside	outside	ADJ
gujaf-16	20	16	funding	funding	NOUN
gujaf-16	20	17	and	and	CCONJ
gujaf-16	20	18	also	also	ADV
gujaf-16	20	19	debt	debt	NOUN
gujaf-16	20	20	to	to	ADP
gujaf-16	20	21	equity	equity	NOUN
gujaf-16	20	22	due	due	ADP
gujaf-16	20	23	to	to	ADP
gujaf-16	20	24	adverse	adverse	ADJ
gujaf-16	20	25	selection	selection	NOUN
gujaf-16	20	26	,	,	PUNCT
gujaf-16	20	27	if	if	SCONJ
gujaf-16	20	28	external	external	ADJ
gujaf-16	20	29	financing	financing	NOUN
gujaf-16	20	30	is	be	AUX
gujaf-16	20	31	used	use	VERB
gujaf-16	20	32	.	.	PUNCT
gujaf-16	21	1	although	although	SCONJ
gujaf-16	21	2	neither	neither	DET
gujaf-16	21	3	theory	theory	NOUN
gujaf-16	21	4	is	be	AUX
gujaf-16	21	5	entirely	entirely	ADV
gujaf-16	21	6	satisfactory	satisfactory	ADJ
gujaf-16	21	7	,	,	PUNCT
gujaf-16	21	8	they	they	PRON
gujaf-16	21	9	were	be	AUX
gujaf-16	21	10	instrumental	instrumental	ADJ
gujaf-16	21	11	in	in	ADP
gujaf-16	21	12	defining	define	VERB
gujaf-16	21	13	many	many	ADJ
gujaf-16	21	14	of	of	ADP
gujaf-16	21	15	indicators	indicator	NOUN
gujaf-16	21	16	that	that	PRON
gujaf-16	21	17	control	control	VERB
gujaf-16	21	18	the	the	DET
gujaf-16	21	19	actual	actual	ADJ
gujaf-16	21	20	firms	firm	NOUN
gujaf-16	21	21	financing	financing	NOUN
gujaf-16	21	22	decisions	decision	NOUN
gujaf-16	21	23	.	.	PUNCT
gujaf-16	22	1	the	the	DET
gujaf-16	22	2	most	most	ADV
gujaf-16	22	3	important	important	ADJ
gujaf-16	22	4	issues	issue	NOUN
gujaf-16	22	5	in	in	ADP
gujaf-16	22	6	corporate	corporate	ADJ
gujaf-16	22	7	financial	financial	ADJ
gujaf-16	22	8	domain	domain	NOUN
gujaf-16	22	9	,	,	PUNCT
gujaf-16	22	10	both	both	PRON
gujaf-16	22	11	theoretically	theoretically	ADV
gujaf-16	22	12	and	and	CCONJ
gujaf-16	22	13	empirically	empirically	ADV
gujaf-16	22	14	,	,	PUNCT
gujaf-16	22	15	is	be	AUX
gujaf-16	22	16	question	question	NOUN
gujaf-16	22	17	of	of	ADP
gujaf-16	22	18	optimal	optimal	ADJ
gujaf-16	22	19	capital	capital	NOUN
gujaf-16	22	20	structure	structure	NOUN
gujaf-16	22	21	that	that	PRON
gujaf-16	22	22	can	can	AUX
gujaf-16	22	23	increase	increase	VERB
gujaf-16	22	24	shareholder	shareholder	NOUN
gujaf-16	22	25	returns	return	NOUN
gujaf-16	22	26	(	(	PUNCT
gujaf-16	22	27	kayo	kayo	NOUN
gujaf-16	22	28	and	and	CCONJ
gujaf-16	22	29	kimura	kimura	NOUN
gujaf-16	22	30	,	,	PUNCT
gujaf-16	22	31	2011	2011	NUM
gujaf-16	22	32	)	)	PUNCT
gujaf-16	22	33	.	.	PUNCT
gujaf-16	23	1	since	since	SCONJ
gujaf-16	23	2	the	the	DET
gujaf-16	23	3	modigliani	modigliani	NOUN
gujaf-16	23	4	and	and	CCONJ
gujaf-16	23	5	miller	miller	PROPN
gujaf-16	23	6	(	(	PUNCT
gujaf-16	23	7	1958	1958	NUM
gujaf-16	23	8	)	)	PUNCT
gujaf-16	23	9	"	"	PUNCT
gujaf-16	23	10	capital	capital	NOUN
gujaf-16	23	11	structure	structure	NOUN
gujaf-16	23	12	irrelevance	irrelevance	NOUN
gujaf-16	23	13	"	"	PUNCT
gujaf-16	23	14	proposals	proposal	NOUN
gujaf-16	23	15	,	,	PUNCT
gujaf-16	23	16	we	we	PRON
gujaf-16	23	17	have	have	AUX
gujaf-16	23	18	experienced	experience	VERB
gujaf-16	23	19	the	the	DET
gujaf-16	23	20	emergence	emergence	NOUN
gujaf-16	23	21	of	of	ADP
gujaf-16	23	22	many	many	ADJ
gujaf-16	23	23	theoretical	theoretical	ADJ
gujaf-16	23	24	perspectives	perspective	NOUN
gujaf-16	23	25	in	in	ADP
gujaf-16	23	26	this	this	DET
gujaf-16	23	27	arena	arena	NOUN
gujaf-16	23	28	.	.	PUNCT
gujaf-16	24	1	consequent	consequent	ADJ
gujaf-16	24	2	theoretical	theoretical	ADJ
gujaf-16	24	3	work	work	NOUN
gujaf-16	24	4	takes	take	VERB
gujaf-16	24	5	into	into	ADP
gujaf-16	24	6	consideration	consideration	NOUN
gujaf-16	24	7	financial	financial	ADJ
gujaf-16	24	8	market	market	NOUN
gujaf-16	24	9	imperfections	imperfection	NOUN
gujaf-16	24	10	and	and	CCONJ
gujaf-16	24	11	showed	show	VERB
gujaf-16	24	12	that	that	SCONJ
gujaf-16	24	13	firms	firm	NOUN
gujaf-16	24	14	capital	capital	NOUN
gujaf-16	24	15	structure	structure	NOUN
gujaf-16	24	16	arises	arise	VERB
gujaf-16	24	17	from	from	ADP
gujaf-16	24	18	firms	firm	NOUN
gujaf-16	24	19	-	-	PUNCT
gujaf-16	24	20	specific	specific	ADJ
gujaf-16	24	21	and	and	CCONJ
gujaf-16	24	22	macroeconomics	macroeconomic	NOUN
gujaf-16	24	23	influences	influence	NOUN
gujaf-16	24	24	.	.	PUNCT
gujaf-16	25	1	the	the	DET
gujaf-16	25	2	predominance	predominance	NOUN
gujaf-16	25	3	of	of	ADP
gujaf-16	25	4	the	the	DET
gujaf-16	25	5	capital	capital	NOUN
gujaf-16	25	6	structure	structure	NOUN
gujaf-16	25	7	studies	study	NOUN
gujaf-16	25	8	focuses	focus	VERB
gujaf-16	25	9	primarily	primarily	ADV
gujaf-16	25	10	on	on	ADP
gujaf-16	25	11	the	the	DET
gujaf-16	25	12	analysis	analysis	NOUN
gujaf-16	25	13	of	of	ADP
gujaf-16	25	14	certain	certain	ADJ
gujaf-16	25	15	specific	specific	ADJ
gujaf-16	25	16	features	feature	NOUN
gujaf-16	25	17	of	of	ADP
gujaf-16	25	18	firms	firm	NOUN
gujaf-16	25	19	such	such	ADJ
gujaf-16	25	20	as	as	ADP
gujaf-16	25	21	size	size	NOUN
gujaf-16	25	22	,	,	PUNCT
gujaf-16	25	23	tangibility	tangibility	NOUN
gujaf-16	25	24	,	,	PUNCT
gujaf-16	25	25	profitability	profitability	NOUN
gujaf-16	25	26	,	,	PUNCT
gujaf-16	25	27	growth	growth	NOUN
gujaf-16	25	28	and	and	CCONJ
gujaf-16	25	29	business	business	NOUN
gujaf-16	25	30	risk	risk	NOUN
gujaf-16	25	31	as	as	ADP
gujaf-16	25	32	capital	capital	NOUN
gujaf-16	25	33	structure	structure	NOUN
gujaf-16	25	34	determinants	determinant	NOUN
gujaf-16	25	35	,	,	PUNCT
gujaf-16	25	36	and	and	CCONJ
gujaf-16	25	37	overlooked	overlook	VERB
gujaf-16	25	38	the	the	DET
gujaf-16	25	39	importance	importance	NOUN
gujaf-16	25	40	of	of	ADP
gujaf-16	25	41	the	the	DET
gujaf-16	25	42	economic	economic	ADJ
gujaf-16	25	43	condition	condition	NOUN
gujaf-16	25	44	which	which	PRON
gujaf-16	25	45	the	the	DET
gujaf-16	25	46	firm	firm	NOUN
gujaf-16	25	47	operates	operate	VERB
gujaf-16	25	48	.	.	PUNCT
gujaf-16	26	1	certainly	certainly	ADV
gujaf-16	26	2	,	,	PUNCT
gujaf-16	26	3	the	the	DET
gujaf-16	26	4	firms	firm	NOUN
gujaf-16	26	5	’	’	PART
gujaf-16	26	6	decisions	decision	NOUN
gujaf-16	26	7	on	on	ADP
gujaf-16	26	8	capital	capital	NOUN
gujaf-16	26	9	structure	structure	NOUN
gujaf-16	26	10	is	be	AUX
gujaf-16	26	11	affected	affect	VERB
gujaf-16	26	12	by	by	ADP
gujaf-16	26	13	macroeconomic	macroeconomic	ADJ
gujaf-16	26	14	factors	factor	NOUN
gujaf-16	26	15	like	like	ADP
gujaf-16	26	16	inflation	inflation	NOUN
gujaf-16	26	17	rate	rate	NOUN
gujaf-16	26	18	,	,	PUNCT
gujaf-16	26	19	gdp	gdp	NOUN
gujaf-16	26	20	growth	growth	NOUN
gujaf-16	26	21	,	,	PUNCT
gujaf-16	26	22	interest	interest	NOUN
gujaf-16	26	23	rate	rate	NOUN
gujaf-16	26	24	and	and	CCONJ
gujaf-16	26	25	market	market	NOUN
gujaf-16	26	26	capitalization	capitalization	NOUN
gujaf-16	26	27	to	to	ADP
gujaf-16	26	28	gdp	gdp	PROPN
gujaf-16	26	29	.	.	PUNCT
gujaf-16	27	1	therefore	therefore	ADV
gujaf-16	27	2	,	,	PUNCT
gujaf-16	27	3	analyzing	analyze	VERB
gujaf-16	27	4	the	the	DET
gujaf-16	27	5	role	role	NOUN
gujaf-16	27	6	of	of	ADP
gujaf-16	27	7	these	these	DET
gujaf-16	27	8	macroeconomic	macroeconomic	ADJ
gujaf-16	27	9	variables	variable	NOUN
gujaf-16	27	10	alongside	alongside	ADP
gujaf-16	27	11	the	the	DET
gujaf-16	27	12	firm	firm	ADJ
gujaf-16	27	13	-	-	PUNCT
gujaf-16	27	14	specific	specific	ADJ
gujaf-16	27	15	features	feature	NOUN
gujaf-16	27	16	gives	give	VERB
gujaf-16	27	17	a	a	DET
gujaf-16	27	18	clearer	clear	ADJ
gujaf-16	27	19	picture	picture	NOUN
gujaf-16	27	20	of	of	ADP
gujaf-16	27	21	the	the	DET
gujaf-16	27	22	decision	decision	NOUN
gujaf-16	27	23	and	and	CCONJ
gujaf-16	27	24	choices	choice	NOUN
gujaf-16	27	25	that	that	PRON
gujaf-16	27	26	firms	firm	NOUN
gujaf-16	27	27	make	make	VERB
gujaf-16	27	28	on	on	ADP
gujaf-16	27	29	capital	capital	NOUN
gujaf-16	27	30	structure	structure	NOUN
gujaf-16	27	31	.	.	PUNCT
gujaf-16	28	1	the	the	DET
gujaf-16	28	2	article	article	NOUN
gujaf-16	28	3	aims	aim	VERB
gujaf-16	28	4	at	at	ADP
gujaf-16	28	5	making	make	VERB
gujaf-16	28	6	contribution	contribution	NOUN
gujaf-16	28	7	to	to	PART
gujaf-16	28	8	knowledge	knowledge	VERB
gujaf-16	28	9	the	the	DET
gujaf-16	28	10	relevance	relevance	NOUN
gujaf-16	28	11	capital	capital	NOUN
gujaf-16	28	12	structure	structure	NOUN
gujaf-16	28	13	decisions	decision	NOUN
gujaf-16	28	14	by	by	ADP
gujaf-16	28	15	examining	examine	VERB
gujaf-16	28	16	capital	capital	NOUN
gujaf-16	28	17	structure	structure	NOUN
gujaf-16	28	18	determinants	determinant	NOUN
gujaf-16	28	19	using	use	VERB
gujaf-16	28	20	a	a	DET
gujaf-16	28	21	recent	recent	ADJ
gujaf-16	28	22	data	datum	NOUN
gujaf-16	28	23	for	for	ADP
gujaf-16	28	24	a	a	DET
gujaf-16	28	25	large	large	ADJ
gujaf-16	28	26	panel	panel	NOUN
gujaf-16	28	27	of	of	ADP
gujaf-16	28	28	firms	firm	NOUN
gujaf-16	28	29	in	in	ADP
gujaf-16	28	30	developing	develop	VERB
gujaf-16	28	31	nations	nation	NOUN
gujaf-16	28	32	and	and	CCONJ
gujaf-16	28	33	concentrating	concentrate	VERB
gujaf-16	28	34	on	on	ADP
gujaf-16	28	35	both	both	PRON
gujaf-16	28	36	firmspecific	firmspecific	ADJ
gujaf-16	28	37	features	feature	NOUN
gujaf-16	28	38	and	and	CCONJ
gujaf-16	28	39	macroeconomic	macroeconomic	ADJ
gujaf-16	28	40	factors	factor	NOUN
gujaf-16	28	41	.	.	PUNCT
gujaf-16	29	1	the	the	DET
gujaf-16	29	2	key	key	ADJ
gujaf-16	29	3	contribution	contribution	NOUN
gujaf-16	29	4	comes	come	VERB
gujaf-16	29	5	from	from	ADP
gujaf-16	29	6	evaluating	evaluate	VERB
gujaf-16	29	7	the	the	DET
gujaf-16	29	8	significance	significance	NOUN
gujaf-16	29	9	of	of	ADP
gujaf-16	29	10	macroeconomic	macroeconomic	ADJ
gujaf-16	29	11	variables	variable	NOUN
gujaf-16	29	12	roles	role	NOUN
gujaf-16	29	13	in	in	ADP
gujaf-16	29	14	capital	capital	NOUN
gujaf-16	29	15	structure	structure	NOUN
gujaf-16	29	16	decisions	decision	NOUN
gujaf-16	29	17	and	and	CCONJ
gujaf-16	29	18	assessing	assess	VERB
gujaf-16	29	19	potential	potential	ADJ
gujaf-16	29	20	impact	impact	NOUN
gujaf-16	29	21	of	of	ADP
gujaf-16	29	22	macroeconomic	macroeconomic	ADJ
gujaf-16	29	23	variables	variable	NOUN
gujaf-16	29	24	in	in	ADP
gujaf-16	29	25	determining	determine	VERB
gujaf-16	29	26	firm	firm	NOUN
gujaf-16	29	27	's	's	PART
gujaf-16	29	28	capital	capital	NOUN
gujaf-16	29	29	structure	structure	NOUN
gujaf-16	29	30	compared	compare	VERB
gujaf-16	29	31	to	to	ADP
gujaf-16	29	32	the	the	DET
gujaf-16	29	33	firm	firm	ADJ
gujaf-16	29	34	-	-	PUNCT
gujaf-16	29	35	specific	specific	ADJ
gujaf-16	29	36	features	feature	NOUN
gujaf-16	29	37	in	in	ADP
gujaf-16	29	38	developing	develop	VERB
gujaf-16	29	39	african	african	ADJ
gujaf-16	29	40	nations	nation	NOUN
gujaf-16	29	41	.	.	PUNCT
gujaf-16	30	1	additional	additional	ADJ
gujaf-16	30	2	contribution	contribution	NOUN
gujaf-16	30	3	comes	come	VERB
gujaf-16	30	4	in	in	ADP
gujaf-16	30	5	through	through	ADP
gujaf-16	30	6	estimate	estimate	NOUN
gujaf-16	30	7	of	of	ADP
gujaf-16	30	8	capital	capital	NOUN
gujaf-16	30	9	structure	structure	NOUN
gujaf-16	30	10	determinants	determinant	NOUN
gujaf-16	30	11	using	use	VERB
gujaf-16	30	12	recent	recent	ADJ
gujaf-16	30	13	data	datum	NOUN
gujaf-16	30	14	and	and	CCONJ
gujaf-16	30	15	new	new	ADJ
gujaf-16	30	16	macroeconomic	macroeconomic	ADJ
gujaf-16	30	17	variables	variable	NOUN
gujaf-16	30	18	(	(	PUNCT
gujaf-16	30	19	interest	interest	NOUN
gujaf-16	30	20	rate	rate	NOUN
gujaf-16	30	21	and	and	CCONJ
gujaf-16	30	22	market	market	NOUN
gujaf-16	30	23	capitalization	capitalization	NOUN
gujaf-16	30	24	to	to	ADP
gujaf-16	30	25	gdp	gdp	NOUN
gujaf-16	30	26	)	)	PUNCT
gujaf-16	30	27	which	which	PRON
gujaf-16	30	28	past	past	ADJ
gujaf-16	30	29	researches	research	NOUN
gujaf-16	30	30	on	on	ADP
gujaf-16	30	31	macroeconomic	macroeconomic	ADJ
gujaf-16	30	32	determinants	determinant	NOUN
gujaf-16	30	33	of	of	ADP
gujaf-16	30	34	capital	capital	NOUN
gujaf-16	30	35	structure	structure	NOUN
gujaf-16	30	36	do	do	AUX
gujaf-16	30	37	not	not	PART
gujaf-16	30	38	mostly	mostly	ADV
gujaf-16	30	39	incorporate	incorporate	VERB
gujaf-16	30	40	.	.	PUNCT
gujaf-16	31	1	the	the	DET
gujaf-16	31	2	article	article	NOUN
gujaf-16	31	3	is	be	AUX
gujaf-16	31	4	arranged	arrange	VERB
gujaf-16	31	5	as	as	SCONJ
gujaf-16	31	6	follows	follow	VERB
gujaf-16	31	7	:	:	PUNCT
gujaf-16	31	8	we	we	PRON
gujaf-16	31	9	provided	provide	VERB
gujaf-16	31	10	an	an	DET
gujaf-16	31	11	overview	overview	NOUN
gujaf-16	31	12	of	of	ADP
gujaf-16	31	13	theories	theory	NOUN
gujaf-16	31	14	relating	relate	VERB
gujaf-16	31	15	to	to	ADP
gujaf-16	31	16	research	research	NOUN
gujaf-16	31	17	of	of	ADP
gujaf-16	31	18	capital	capital	NOUN
gujaf-16	31	19	structure	structure	NOUN
gujaf-16	31	20	in	in	ADP
gujaf-16	31	21	section	section	NOUN
gujaf-16	31	22	two	two	NUM
gujaf-16	31	23	.	.	PUNCT
gujaf-16	32	1	the	the	DET
gujaf-16	32	2	macroeconomic	macroeconomic	ADJ
gujaf-16	32	3	determinants	determinant	NOUN
gujaf-16	32	4	in	in	ADP
gujaf-16	32	5	gujaf	gujaf	NOUN
gujaf-16	32	6	:	:	PUNCT
gujaf-16	32	7	gusau	gusau	PROPN
gujaf-16	32	8	journal	journal	NOUN
gujaf-16	32	9	of	of	ADP
gujaf-16	32	10	accounting	accounting	NOUN
gujaf-16	32	11	and	and	CCONJ
gujaf-16	32	12	finance	finance	NOUN
gujaf-16	32	13	,	,	PUNCT
gujaf-16	32	14	vol	vol	NOUN
gujaf-16	32	15	.	.	PUNCT
gujaf-16	33	1	i	i	PRON
gujaf-16	33	2	,	,	PUNCT
gujaf-16	33	3	issue	issue	NOUN
gujaf-16	33	4	1	1	NUM
gujaf-16	33	5	,	,	PUNCT
gujaf-16	33	6	april	april	PROPN
gujaf-16	33	7	,	,	PUNCT
gujaf-16	33	8	2020	2020	NUM
gujaf-16	33	9	issn	issn	VERB
gujaf-16	33	10	2756	2756	NUM
gujaf-16	33	11	-	-	PUNCT
gujaf-16	33	12	665x	665x	NOUN
gujaf-16	33	13	3	3	NUM
gujaf-16	33	14	the	the	DET
gujaf-16	33	15	third	third	ADJ
gujaf-16	33	16	,	,	PUNCT
gujaf-16	33	17	data	datum	NOUN
gujaf-16	33	18	and	and	CCONJ
gujaf-16	33	19	estimation	estimation	NOUN
gujaf-16	33	20	methodology	methodology	NOUN
gujaf-16	33	21	are	be	AUX
gujaf-16	33	22	introduced	introduce	VERB
gujaf-16	33	23	in	in	ADP
gujaf-16	33	24	section	section	NOUN
gujaf-16	33	25	fourth	fourth	ADJ
gujaf-16	33	26	,	,	PUNCT
gujaf-16	33	27	fifth	fifth	ADJ
gujaf-16	33	28	section	section	NOUN
gujaf-16	33	29	presented	present	VERB
gujaf-16	33	30	the	the	DET
gujaf-16	33	31	results	result	NOUN
gujaf-16	33	32	,	,	PUNCT
gujaf-16	33	33	and	and	CCONJ
gujaf-16	33	34	the	the	DET
gujaf-16	33	35	sixth	sixth	ADJ
gujaf-16	33	36	concluded	conclude	VERB
gujaf-16	33	37	the	the	DET
gujaf-16	33	38	study	study	NOUN
gujaf-16	33	39	.	.	PUNCT
gujaf-16	34	1	2	2	X
gujaf-16	34	2	.	.	X
gujaf-16	34	3	theories	theory	NOUN
gujaf-16	34	4	and	and	CCONJ
gujaf-16	34	5	determinants	determinant	NOUN
gujaf-16	34	6	of	of	ADP
gujaf-16	34	7	capital	capital	NOUN
gujaf-16	34	8	structure	structure	NOUN
gujaf-16	34	9	in	in	ADP
gujaf-16	34	10	the	the	DET
gujaf-16	34	11	study	study	NOUN
gujaf-16	34	12	of	of	ADP
gujaf-16	34	13	firm	firm	ADJ
gujaf-16	34	14	-	-	PUNCT
gujaf-16	34	15	specific	specific	ADJ
gujaf-16	34	16	determinants	determinant	NOUN
gujaf-16	34	17	of	of	ADP
gujaf-16	34	18	capital	capital	NOUN
gujaf-16	34	19	structure	structure	NOUN
gujaf-16	34	20	two	two	NUM
gujaf-16	34	21	main	main	ADJ
gujaf-16	34	22	theoretical	theoretical	ADJ
gujaf-16	34	23	approaches	approach	NOUN
gujaf-16	34	24	are	be	AUX
gujaf-16	34	25	particularly	particularly	ADV
gujaf-16	34	26	important	important	ADJ
gujaf-16	34	27	the	the	DET
gujaf-16	34	28	trade	trade	NOUN
gujaf-16	34	29	-	-	PUNCT
gujaf-16	34	30	off	off	NOUN
gujaf-16	34	31	and	and	CCONJ
gujaf-16	34	32	pecking	pecking	NOUN
gujaf-16	34	33	order	order	NOUN
gujaf-16	34	34	theories	theory	NOUN
gujaf-16	34	35	.	.	PUNCT
gujaf-16	35	1	these	these	DET
gujaf-16	35	2	principles	principle	NOUN
gujaf-16	35	3	offer	offer	VERB
gujaf-16	35	4	multiple	multiple	ADJ
gujaf-16	35	5	projections	projection	NOUN
gujaf-16	35	6	concerning	concern	VERB
gujaf-16	35	7	specific	specific	ADJ
gujaf-16	35	8	firm	firm	ADJ
gujaf-16	35	9	features	feature	NOUN
gujaf-16	35	10	and	and	CCONJ
gujaf-16	35	11	macroeconomic	macroeconomic	ADJ
gujaf-16	35	12	factors	factor	NOUN
gujaf-16	35	13	affecting	affect	VERB
gujaf-16	35	14	firm	firm	NOUN
gujaf-16	35	15	’s	’s	PART
gujaf-16	35	16	decisions	decision	NOUN
gujaf-16	35	17	on	on	ADP
gujaf-16	35	18	capital	capital	NOUN
gujaf-16	35	19	structure	structure	NOUN
gujaf-16	35	20	.	.	PUNCT
gujaf-16	36	1	kraus	kraus	PROPN
gujaf-16	36	2	and	and	CCONJ
gujaf-16	36	3	litzenberger	litzenberger	NOUN
gujaf-16	36	4	(	(	PUNCT
gujaf-16	36	5	1973	1973	NUM
gujaf-16	36	6	)	)	PUNCT
gujaf-16	36	7	offer	offer	VERB
gujaf-16	36	8	a	a	DET
gujaf-16	36	9	classic	classic	ADJ
gujaf-16	36	10	theory	theory	NOUN
gujaf-16	36	11	postulation	postulation	NOUN
gujaf-16	36	12	that	that	SCONJ
gujaf-16	36	13	an	an	DET
gujaf-16	36	14	ideal	ideal	ADJ
gujaf-16	36	15	capital	capital	NOUN
gujaf-16	36	16	structure	structure	NOUN
gujaf-16	36	17	reflects	reflect	VERB
gujaf-16	36	18	a	a	DET
gujaf-16	36	19	one	one	NUM
gujaf-16	36	20	-	-	PUNCT
gujaf-16	36	21	period	period	NOUN
gujaf-16	36	22	trade	trade	NOUN
gujaf-16	36	23	-	-	PUNCT
gujaf-16	36	24	off	off	NOUN
gujaf-16	36	25	between	between	ADP
gujaf-16	36	26	debt	debt	NOUN
gujaf-16	36	27	financing	financing	NOUN
gujaf-16	36	28	,	,	PUNCT
gujaf-16	36	29	tax	tax	NOUN
gujaf-16	36	30	advantages	advantage	NOUN
gujaf-16	36	31	and	and	CCONJ
gujaf-16	36	32	deadweight	deadweight	NOUN
gujaf-16	36	33	prospects	prospect	NOUN
gujaf-16	36	34	of	of	ADP
gujaf-16	36	35	bankruptcy	bankruptcy	NOUN
gujaf-16	36	36	cost	cost	NOUN
gujaf-16	36	37	.	.	PUNCT
gujaf-16	37	1	they	they	PRON
gujaf-16	37	2	,	,	PUNCT
gujaf-16	37	3	further	far	ADV
gujaf-16	37	4	argued	argue	VERB
gujaf-16	37	5	that	that	SCONJ
gujaf-16	37	6	in	in	ADP
gujaf-16	37	7	the	the	DET
gujaf-16	37	8	trade	trade	NOUN
gujaf-16	37	9	-	-	PUNCT
gujaf-16	37	10	off	off	ADP
gujaf-16	37	11	principle	principle	NOUN
gujaf-16	37	12	,	,	PUNCT
gujaf-16	37	13	choices	choice	NOUN
gujaf-16	37	14	in	in	ADP
gujaf-16	37	15	capital	capital	NOUN
gujaf-16	37	16	structure	structure	NOUN
gujaf-16	37	17	are	be	AUX
gujaf-16	37	18	defined	define	VERB
gujaf-16	37	19	by	by	ADP
gujaf-16	37	20	trade	trade	NOUN
gujaf-16	37	21	-	-	PUNCT
gujaf-16	37	22	off	off	NOUN
gujaf-16	37	23	between	between	ADP
gujaf-16	37	24	the	the	DET
gujaf-16	37	25	debt	debt	NOUN
gujaf-16	37	26	benefits	benefit	NOUN
gujaf-16	37	27	and	and	CCONJ
gujaf-16	37	28	costs	cost	NOUN
gujaf-16	37	29	.	.	PUNCT
gujaf-16	38	1	typical	typical	ADJ
gujaf-16	38	2	considerations	consideration	NOUN
gujaf-16	38	3	for	for	ADP
gujaf-16	38	4	this	this	DET
gujaf-16	38	5	trade	trade	NOUN
gujaf-16	38	6	-	-	PUNCT
gujaf-16	38	7	off	off	NOUN
gujaf-16	38	8	are	be	AUX
gujaf-16	38	9	based	base	VERB
gujaf-16	38	10	on	on	ADP
gujaf-16	38	11	cost	cost	NOUN
gujaf-16	38	12	of	of	ADP
gujaf-16	38	13	bankruptcy	bankruptcy	NOUN
gujaf-16	38	14	,	,	PUNCT
gujaf-16	38	15	tax	tax	NOUN
gujaf-16	38	16	advantages	advantage	NOUN
gujaf-16	38	17	and	and	CCONJ
gujaf-16	38	18	asset	asset	NOUN
gujaf-16	38	19	replacement	replacement	NOUN
gujaf-16	38	20	related	relate	VERB
gujaf-16	38	21	agency	agency	NOUN
gujaf-16	38	22	costs	cost	NOUN
gujaf-16	38	23	(	(	PUNCT
gujaf-16	38	24	myers	myer	NOUN
gujaf-16	38	25	,	,	PUNCT
gujaf-16	38	26	1977	1977	NUM
gujaf-16	38	27	)	)	PUNCT
gujaf-16	38	28	,	,	PUNCT
gujaf-16	38	29	and	and	CCONJ
gujaf-16	38	30	to	to	PART
gujaf-16	38	31	overinvest	overinv	ADJ
gujaf-16	38	32	(	(	PUNCT
gujaf-16	38	33	stulz	stulz	ADJ
gujaf-16	38	34	,	,	PUNCT
gujaf-16	38	35	1990	1990	NUM
gujaf-16	38	36	)	)	PUNCT
gujaf-16	38	37	.	.	PUNCT
gujaf-16	39	1	every	every	DET
gujaf-16	39	2	firm	firm	NOUN
gujaf-16	39	3	has	have	VERB
gujaf-16	39	4	an	an	DET
gujaf-16	39	5	optimal	optimal	ADJ
gujaf-16	39	6	valuemaximizing	valuemaximizing	NOUN
gujaf-16	39	7	debt	debt	NOUN
gujaf-16	39	8	and	and	CCONJ
gujaf-16	39	9	equity	equity	NOUN
gujaf-16	39	10	ratio	ratio	NOUN
gujaf-16	39	11	that	that	PRON
gujaf-16	39	12	it	it	PRON
gujaf-16	39	13	seeks	seek	VERB
gujaf-16	39	14	to	to	PART
gujaf-16	39	15	achieve	achieve	VERB
gujaf-16	39	16	(	(	PUNCT
gujaf-16	39	17	gungoraydinoglu	gungoraydinoglu	NOUN
gujaf-16	39	18	and	and	CCONJ
gujaf-16	39	19	öztekin	öztekin	NOUN
gujaf-16	39	20	,	,	PUNCT
gujaf-16	39	21	2011	2011	NUM
gujaf-16	39	22	)	)	PUNCT
gujaf-16	39	23	.	.	PUNCT
gujaf-16	40	1	as	as	ADP
gujaf-16	40	2	a	a	DET
gujaf-16	40	3	result	result	NOUN
gujaf-16	40	4	,	,	PUNCT
gujaf-16	40	5	while	while	SCONJ
gujaf-16	40	6	higher	high	ADJ
gujaf-16	40	7	debt	debt	NOUN
gujaf-16	40	8	mitigates	mitigate	VERB
gujaf-16	40	9	equity	equity	NOUN
gujaf-16	40	10	costs	cost	NOUN
gujaf-16	40	11	for	for	ADP
gujaf-16	40	12	firm	firm	ADJ
gujaf-16	40	13	,	,	PUNCT
gujaf-16	40	14	it	it	PRON
gujaf-16	40	15	intensifies	intensify	VERB
gujaf-16	40	16	disputes	dispute	NOUN
gujaf-16	40	17	between	between	ADP
gujaf-16	40	18	bondholders	bondholder	NOUN
gujaf-16	40	19	and	and	CCONJ
gujaf-16	40	20	shareholders	shareholder	NOUN
gujaf-16	40	21	(	(	PUNCT
gujaf-16	40	22	drobetz	drobetz	VERB
gujaf-16	40	23	et	et	PROPN
gujaf-16	40	24	al	al	PROPN
gujaf-16	40	25	,	,	PUNCT
gujaf-16	40	26	2013	2013	NUM
gujaf-16	40	27	)	)	PUNCT
gujaf-16	40	28	.	.	PUNCT
gujaf-16	41	1	the	the	DET
gujaf-16	41	2	theory	theory	NOUN
gujaf-16	41	3	of	of	ADP
gujaf-16	41	4	pecking	pecking	NOUN
gujaf-16	41	5	order	order	NOUN
gujaf-16	41	6	founded	found	VERB
gujaf-16	41	7	by	by	ADP
gujaf-16	41	8	myers	myer	NOUN
gujaf-16	41	9	and	and	CCONJ
gujaf-16	41	10	majluf	majluf	PROPN
gujaf-16	41	11	(	(	PUNCT
gujaf-16	41	12	1984	1984	NUM
gujaf-16	41	13	)	)	PUNCT
gujaf-16	41	14	was	be	AUX
gujaf-16	41	15	built	build	VERB
gujaf-16	41	16	on	on	ADP
gujaf-16	41	17	information	information	NOUN
gujaf-16	41	18	asymmetry	asymmetry	NOUN
gujaf-16	41	19	basis	basis	NOUN
gujaf-16	41	20	and	and	CCONJ
gujaf-16	41	21	it	it	PRON
gujaf-16	41	22	asserts	assert	VERB
gujaf-16	41	23	that	that	SCONJ
gujaf-16	41	24	adverse	adverse	ADJ
gujaf-16	41	25	cost	cost	NOUN
gujaf-16	41	26	of	of	ADP
gujaf-16	41	27	selection	selection	NOUN
gujaf-16	41	28	for	for	ADP
gujaf-16	41	29	issuing	issue	VERB
gujaf-16	41	30	risky	risky	ADJ
gujaf-16	41	31	securities	security	NOUN
gujaf-16	41	32	,	,	PUNCT
gujaf-16	41	33	whether	whether	SCONJ
gujaf-16	41	34	due	due	ADP
gujaf-16	41	35	to	to	ADP
gujaf-16	41	36	information	information	NOUN
gujaf-16	41	37	asymmetry	asymmetry	NOUN
gujaf-16	41	38	or	or	CCONJ
gujaf-16	41	39	management	management	NOUN
gujaf-16	41	40	ambition	ambition	NOUN
gujaf-16	41	41	,	,	PUNCT
gujaf-16	41	42	contribute	contribute	VERB
gujaf-16	41	43	to	to	ADP
gujaf-16	41	44	a	a	DET
gujaf-16	41	45	preferential	preferential	ADJ
gujaf-16	41	46	classification	classification	NOUN
gujaf-16	41	47	over	over	ADP
gujaf-16	41	48	means	mean	NOUN
gujaf-16	41	49	of	of	ADP
gujaf-16	41	50	funding	funding	NOUN
gujaf-16	41	51	by	by	ADP
gujaf-16	41	52	forming	form	VERB
gujaf-16	41	53	a	a	DET
gujaf-16	41	54	bridge	bridge	NOUN
gujaf-16	41	55	among	among	ADP
gujaf-16	41	56	internal	internal	ADJ
gujaf-16	41	57	and	and	CCONJ
gujaf-16	41	58	external	external	ADJ
gujaf-16	41	59	funding	funding	NOUN
gujaf-16	41	60	costs	cost	NOUN
gujaf-16	41	61	and	and	CCONJ
gujaf-16	41	62	raising	raise	VERB
gujaf-16	41	63	the	the	DET
gujaf-16	41	64	uncertainty	uncertainty	NOUN
gujaf-16	41	65	of	of	ADP
gujaf-16	41	66	issuing	issue	VERB
gujaf-16	41	67	securities	security	NOUN
gujaf-16	41	68	.	.	PUNCT
gujaf-16	42	1	firms	firm	NOUN
gujaf-16	42	2	initially	initially	ADV
gujaf-16	42	3	raise	raise	VERB
gujaf-16	42	4	retain	retain	VERB
gujaf-16	42	5	earnings	earning	NOUN
gujaf-16	42	6	,	,	PUNCT
gujaf-16	42	7	debt	debt	NOUN
gujaf-16	42	8	,	,	PUNCT
gujaf-16	42	9	then	then	ADV
gujaf-16	42	10	equity	equity	NOUN
gujaf-16	42	11	to	to	PART
gujaf-16	42	12	reduce	reduce	VERB
gujaf-16	42	13	adverse	adverse	ADJ
gujaf-16	42	14	selection	selection	NOUN
gujaf-16	42	15	costs	cost	NOUN
gujaf-16	42	16	(	(	PUNCT
gujaf-16	42	17	gungoraydinoglu	gungoraydinoglu	NOUN
gujaf-16	42	18	and	and	CCONJ
gujaf-16	42	19	öztekin	öztekin	NOUN
gujaf-16	42	20	,	,	PUNCT
gujaf-16	42	21	2011	2011	NUM
gujaf-16	42	22	)	)	PUNCT
gujaf-16	42	23	.	.	PUNCT
gujaf-16	43	1	in	in	ADP
gujaf-16	43	2	pecking	pecking	NOUN
gujaf-16	43	3	order	order	NOUN
gujaf-16	43	4	principle	principle	NOUN
gujaf-16	43	5	,	,	PUNCT
gujaf-16	43	6	there	there	PRON
gujaf-16	43	7	's	be	VERB
gujaf-16	43	8	no	no	DET
gujaf-16	43	9	condition	condition	NOUN
gujaf-16	43	10	of	of	ADP
gujaf-16	43	11	optimum	optimum	ADJ
gujaf-16	43	12	capital	capital	NOUN
gujaf-16	43	13	structure	structure	NOUN
gujaf-16	43	14	for	for	ADP
gujaf-16	43	15	a	a	DET
gujaf-16	43	16	firm	firm	NOUN
gujaf-16	43	17	,	,	PUNCT
gujaf-16	43	18	myers	myers	PROPN
gujaf-16	43	19	'	'	PART
gujaf-16	43	20	rationale	rationale	NOUN
gujaf-16	43	21	for	for	ADP
gujaf-16	43	22	the	the	DET
gujaf-16	43	23	pecking	pecking	NOUN
gujaf-16	43	24	order	order	NOUN
gujaf-16	43	25	theory	theory	NOUN
gujaf-16	43	26	is	be	AUX
gujaf-16	43	27	based	base	VERB
gujaf-16	43	28	on	on	ADP
gujaf-16	43	29	the	the	DET
gujaf-16	43	30	assumption	assumption	NOUN
gujaf-16	43	31	that	that	SCONJ
gujaf-16	43	32	firm	firm	ADJ
gujaf-16	43	33	stakeholders	stakeholder	NOUN
gujaf-16	43	34	are	be	AUX
gujaf-16	43	35	more	more	ADV
gujaf-16	43	36	knowledgeable	knowledgeable	ADJ
gujaf-16	43	37	than	than	ADP
gujaf-16	43	38	those	those	PRON
gujaf-16	43	39	outside	outside	ADP
gujaf-16	43	40	the	the	DET
gujaf-16	43	41	firm	firm	NOUN
gujaf-16	43	42	(	(	PUNCT
gujaf-16	43	43	chakroborty	chakroborty	NOUN
gujaf-16	43	44	,	,	PUNCT
gujaf-16	43	45	2010	2010	NUM
gujaf-16	43	46	)	)	PUNCT
gujaf-16	43	47	.	.	PUNCT
gujaf-16	44	1	the	the	DET
gujaf-16	44	2	pecking	pecking	NOUN
gujaf-16	44	3	order	order	NOUN
gujaf-16	44	4	principle	principle	NOUN
gujaf-16	44	5	lists	list	NOUN
gujaf-16	44	6	sources	source	NOUN
gujaf-16	44	7	of	of	ADP
gujaf-16	44	8	finance	finance	NOUN
gujaf-16	44	9	according	accord	VERB
gujaf-16	44	10	to	to	ADP
gujaf-16	44	11	the	the	DET
gujaf-16	44	12	level	level	NOUN
gujaf-16	44	13	to	to	PART
gujaf-16	44	14	which	which	PRON
gujaf-16	44	15	information	information	NOUN
gujaf-16	44	16	asymmetry	asymmetry	NOUN
gujaf-16	44	17	affects	affect	VERB
gujaf-16	44	18	them	they	PRON
gujaf-16	44	19	.	.	PUNCT
gujaf-16	45	1	as	as	ADP
gujaf-16	45	2	a	a	DET
gujaf-16	45	3	measure	measure	NOUN
gujaf-16	45	4	,	,	PUNCT
gujaf-16	45	5	firms	firm	NOUN
gujaf-16	45	6	are	be	AUX
gujaf-16	45	7	predominantly	predominantly	ADV
gujaf-16	45	8	using	use	VERB
gujaf-16	45	9	internal	internal	ADJ
gujaf-16	45	10	financing	financing	NOUN
gujaf-16	45	11	.	.	PUNCT
gujaf-16	46	1	they	they	PRON
gujaf-16	46	2	prefer	prefer	VERB
gujaf-16	46	3	to	to	PART
gujaf-16	46	4	give	give	VERB
gujaf-16	46	5	out	out	ADP
gujaf-16	46	6	debt	debt	NOUN
gujaf-16	46	7	over	over	ADP
gujaf-16	46	8	equity	equity	NOUN
gujaf-16	46	9	when	when	SCONJ
gujaf-16	46	10	they	they	PRON
gujaf-16	46	11	need	need	VERB
gujaf-16	46	12	outside	outside	ADJ
gujaf-16	46	13	funds	fund	NOUN
gujaf-16	46	14	(	(	PUNCT
gujaf-16	46	15	drobetz	drobetz	VERB
gujaf-16	46	16	et	et	PROPN
gujaf-16	46	17	al	al	PROPN
gujaf-16	46	18	,	,	PUNCT
gujaf-16	46	19	2014	2014	NUM
gujaf-16	46	20	)	)	PUNCT
gujaf-16	46	21	.	.	PUNCT
gujaf-16	47	1	the	the	DET
gujaf-16	47	2	pecking	pecking	NOUN
gujaf-16	47	3	order	order	NOUN
gujaf-16	47	4	principle	principle	NOUN
gujaf-16	47	5	does	do	AUX
gujaf-16	47	6	not	not	PART
gujaf-16	47	7	assume	assume	VERB
gujaf-16	47	8	,	,	PUNCT
gujaf-16	47	9	as	as	SCONJ
gujaf-16	47	10	opposed	oppose	VERB
gujaf-16	47	11	to	to	ADP
gujaf-16	47	12	trade	trade	NOUN
gujaf-16	47	13	-	-	PUNCT
gujaf-16	47	14	off	off	ADP
gujaf-16	47	15	principle	principle	NOUN
gujaf-16	47	16	,	,	PUNCT
gujaf-16	47	17	that	that	SCONJ
gujaf-16	47	18	firms	firm	NOUN
gujaf-16	47	19	have	have	VERB
gujaf-16	47	20	well	well	ADV
gujaf-16	47	21	-	-	PUNCT
gujaf-16	47	22	defined	define	VERB
gujaf-16	47	23	goal	goal	NOUN
gujaf-16	47	24	for	for	ADP
gujaf-16	47	25	optimal	optimal	ADJ
gujaf-16	47	26	debt	debt	NOUN
gujaf-16	47	27	-	-	PUNCT
gujaf-16	47	28	equity	equity	NOUN
gujaf-16	47	29	ratio	ratio	NOUN
gujaf-16	47	30	(	(	PUNCT
gujaf-16	47	31	dang	dang	INTJ
gujaf-16	47	32	,	,	PUNCT
gujaf-16	47	33	2013	2013	NUM
gujaf-16	47	34	)	)	PUNCT
gujaf-16	47	35	.	.	PUNCT
gujaf-16	48	1	among	among	ADP
gujaf-16	48	2	the	the	DET
gujaf-16	48	3	few	few	ADJ
gujaf-16	48	4	major	major	ADJ
gujaf-16	48	5	studies	study	NOUN
gujaf-16	48	6	that	that	PRON
gujaf-16	48	7	used	use	VERB
gujaf-16	48	8	firm	firm	ADJ
gujaf-16	48	9	-	-	PUNCT
gujaf-16	48	10	specific	specific	ADJ
gujaf-16	48	11	features	feature	NOUN
gujaf-16	48	12	to	to	PART
gujaf-16	48	13	analyze	analyze	VERB
gujaf-16	48	14	capital	capital	NOUN
gujaf-16	48	15	structure	structure	NOUN
gujaf-16	48	16	determinants	determinant	NOUN
gujaf-16	48	17	are	be	AUX
gujaf-16	48	18	rajan	rajan	NOUN
gujaf-16	48	19	and	and	CCONJ
gujaf-16	48	20	zingales	zingales	PROPN
gujaf-16	48	21	(	(	PUNCT
gujaf-16	48	22	1995	1995	NUM
gujaf-16	48	23	)	)	PUNCT
gujaf-16	48	24	who	who	PRON
gujaf-16	48	25	used	use	VERB
gujaf-16	48	26	four	four	NUM
gujaf-16	48	27	specific	specific	ADJ
gujaf-16	48	28	firm	firm	ADJ
gujaf-16	48	29	gujaf	gujaf	NOUN
gujaf-16	48	30	:	:	PUNCT
gujaf-16	48	31	gusau	gusau	PROPN
gujaf-16	48	32	journal	journal	NOUN
gujaf-16	48	33	of	of	ADP
gujaf-16	48	34	accounting	accounting	NOUN
gujaf-16	48	35	and	and	CCONJ
gujaf-16	48	36	finance	finance	NOUN
gujaf-16	48	37	,	,	PUNCT
gujaf-16	48	38	vol	vol	NOUN
gujaf-16	48	39	.	.	PUNCT
gujaf-16	49	1	i	i	PRON
gujaf-16	49	2	,	,	PUNCT
gujaf-16	49	3	issue	issue	NOUN
gujaf-16	49	4	1	1	NUM
gujaf-16	49	5	,	,	PUNCT
gujaf-16	49	6	april	april	PROPN
gujaf-16	49	7	,	,	PUNCT
gujaf-16	49	8	2020	2020	NUM
gujaf-16	49	9	issn	issn	VERB
gujaf-16	49	10	2756	2756	NUM
gujaf-16	49	11	-	-	PUNCT
gujaf-16	49	12	665x	665x	NOUN
gujaf-16	49	13	4	4	NUM
gujaf-16	49	14	explanatory	explanatory	ADJ
gujaf-16	49	15	parameters	parameter	NOUN
gujaf-16	49	16	,	,	PUNCT
gujaf-16	49	17	profitability	profitability	NOUN
gujaf-16	49	18	,	,	PUNCT
gujaf-16	49	19	tangibility	tangibility	NOUN
gujaf-16	49	20	,	,	PUNCT
gujaf-16	49	21	size	size	NOUN
gujaf-16	49	22	and	and	CCONJ
gujaf-16	49	23	growth	growth	NOUN
gujaf-16	49	24	.	.	PUNCT
gujaf-16	50	1	booth	booth	NOUN
gujaf-16	50	2	et	et	PROPN
gujaf-16	50	3	al	al	PROPN
gujaf-16	50	4	.	.	PROPN
gujaf-16	51	1	(	(	PUNCT
gujaf-16	51	2	2001	2001	NUM
gujaf-16	51	3	)	)	PUNCT
gujaf-16	51	4	added	add	VERB
gujaf-16	51	5	by	by	ADP
gujaf-16	51	6	including	include	VERB
gujaf-16	51	7	business	business	NOUN
gujaf-16	51	8	risks	risk	NOUN
gujaf-16	51	9	.	.	PUNCT
gujaf-16	52	1	frank	frank	PROPN
gujaf-16	52	2	and	and	CCONJ
gujaf-16	52	3	goyal	goyal	PROPN
gujaf-16	52	4	(	(	PUNCT
gujaf-16	52	5	2009	2009	NUM
gujaf-16	52	6	)	)	PUNCT
gujaf-16	52	7	identified	identify	VERB
gujaf-16	52	8	average	average	ADJ
gujaf-16	52	9	leverage	leverage	NOUN
gujaf-16	52	10	of	of	ADP
gujaf-16	52	11	industry	industry	NOUN
gujaf-16	52	12	,	,	PUNCT
gujaf-16	52	13	ratio	ratio	NOUN
gujaf-16	52	14	of	of	ADP
gujaf-16	52	15	market	market	NOUN
gujaf-16	52	16	to	to	ADP
gujaf-16	52	17	book	book	NOUN
gujaf-16	52	18	assets	asset	NOUN
gujaf-16	52	19	,	,	PUNCT
gujaf-16	52	20	fixed	fix	VERB
gujaf-16	52	21	assets	asset	NOUN
gujaf-16	52	22	,	,	PUNCT
gujaf-16	52	23	expected	expect	VERB
gujaf-16	52	24	inflation	inflation	NOUN
gujaf-16	52	25	,	,	PUNCT
gujaf-16	52	26	size	size	NOUN
gujaf-16	52	27	and	and	CCONJ
gujaf-16	52	28	profits	profit	NOUN
gujaf-16	52	29	as	as	ADP
gujaf-16	52	30	capital	capital	NOUN
gujaf-16	52	31	structure	structure	NOUN
gujaf-16	52	32	determinants	determinant	NOUN
gujaf-16	52	33	.	.	PUNCT
gujaf-16	53	1	dakua	dakua	NOUN
gujaf-16	53	2	(	(	PUNCT
gujaf-16	53	3	2018	2018	NUM
gujaf-16	53	4	)	)	PUNCT
gujaf-16	53	5	used	use	VERB
gujaf-16	53	6	profitability	profitability	NOUN
gujaf-16	53	7	,	,	PUNCT
gujaf-16	53	8	size	size	NOUN
gujaf-16	53	9	,	,	PUNCT
gujaf-16	53	10	risk	risk	NOUN
gujaf-16	53	11	,	,	PUNCT
gujaf-16	53	12	structure	structure	NOUN
gujaf-16	53	13	of	of	ADP
gujaf-16	53	14	assets	asset	NOUN
gujaf-16	53	15	,	,	PUNCT
gujaf-16	53	16	non	non	ADJ
gujaf-16	53	17	-	-	ADJ
gujaf-16	53	18	debt	debt	ADJ
gujaf-16	53	19	tax	tax	NOUN
gujaf-16	53	20	shield	shield	NOUN
gujaf-16	53	21	,	,	PUNCT
gujaf-16	53	22	growth	growth	NOUN
gujaf-16	53	23	opportunity	opportunity	NOUN
gujaf-16	53	24	and	and	CCONJ
gujaf-16	53	25	liquidity	liquidity	NOUN
gujaf-16	53	26	to	to	PART
gujaf-16	53	27	measure	measure	VERB
gujaf-16	53	28	capital	capital	NOUN
gujaf-16	53	29	structure	structure	NOUN
gujaf-16	53	30	.	.	PUNCT
gujaf-16	54	1	this	this	DET
gujaf-16	54	2	study	study	NOUN
gujaf-16	54	3	uses	use	VERB
gujaf-16	54	4	four	four	NUM
gujaf-16	54	5	firmspecific	firmspecific	ADJ
gujaf-16	54	6	variables	variable	NOUN
gujaf-16	54	7	and	and	CCONJ
gujaf-16	54	8	they	they	PRON
gujaf-16	54	9	are	be	AUX
gujaf-16	54	10	non	non	ADJ
gujaf-16	54	11	-	-	ADJ
gujaf-16	54	12	debt	debt	ADJ
gujaf-16	54	13	tax	tax	NOUN
gujaf-16	54	14	shield	shield	NOUN
gujaf-16	54	15	,	,	PUNCT
gujaf-16	54	16	growth	growth	NOUN
gujaf-16	54	17	opportunity	opportunity	NOUN
gujaf-16	54	18	,	,	PUNCT
gujaf-16	54	19	profits	profit	NOUN
gujaf-16	54	20	and	and	CCONJ
gujaf-16	54	21	size	size	NOUN
gujaf-16	54	22	.	.	PUNCT
gujaf-16	55	1	size	size	NOUN
gujaf-16	55	2	of	of	ADP
gujaf-16	55	3	firm	firm	NOUN
gujaf-16	55	4	a	a	DET
gujaf-16	55	5	significant	significant	ADJ
gujaf-16	55	6	connection	connection	NOUN
gujaf-16	55	7	between	between	ADP
gujaf-16	55	8	size	size	NOUN
gujaf-16	55	9	of	of	ADP
gujaf-16	55	10	firm	firm	NOUN
gujaf-16	55	11	and	and	CCONJ
gujaf-16	55	12	debt	debt	NOUN
gujaf-16	55	13	is	be	AUX
gujaf-16	55	14	expected	expect	VERB
gujaf-16	55	15	by	by	ADP
gujaf-16	55	16	trade	trade	NOUN
gujaf-16	55	17	-	-	PUNCT
gujaf-16	55	18	off	off	ADP
gujaf-16	55	19	principle	principle	NOUN
gujaf-16	55	20	.	.	PUNCT
gujaf-16	56	1	that	that	PRON
gujaf-16	56	2	's	be	AUX
gujaf-16	56	3	because	because	SCONJ
gujaf-16	56	4	large	large	ADJ
gujaf-16	56	5	firms	firm	NOUN
gujaf-16	56	6	are	be	AUX
gujaf-16	56	7	highly	highly	ADV
gujaf-16	56	8	diverse	diverse	ADJ
gujaf-16	56	9	and	and	CCONJ
gujaf-16	56	10	have	have	VERB
gujaf-16	56	11	lesser	less	ADJ
gujaf-16	56	12	default	default	NOUN
gujaf-16	56	13	risk	risk	NOUN
gujaf-16	56	14	.	.	PUNCT
gujaf-16	57	1	on	on	ADP
gujaf-16	57	2	other	other	ADJ
gujaf-16	57	3	hand	hand	NOUN
gujaf-16	57	4	,	,	PUNCT
gujaf-16	57	5	the	the	DET
gujaf-16	57	6	pecking	pecking	NOUN
gujaf-16	57	7	order	order	NOUN
gujaf-16	57	8	principle	principle	NOUN
gujaf-16	57	9	is	be	AUX
gujaf-16	57	10	widely	widely	ADV
gujaf-16	57	11	assumed	assume	VERB
gujaf-16	57	12	as	as	ADP
gujaf-16	57	13	predicting	predict	VERB
gujaf-16	57	14	an	an	DET
gujaf-16	57	15	adverse	adverse	ADJ
gujaf-16	57	16	connection	connection	NOUN
gujaf-16	57	17	,	,	PUNCT
gujaf-16	57	18	since	since	SCONJ
gujaf-16	57	19	big	big	ADJ
gujaf-16	57	20	firms	firm	NOUN
gujaf-16	57	21	have	have	VERB
gujaf-16	57	22	lesser	less	ADJ
gujaf-16	57	23	adverse	adverse	ADJ
gujaf-16	57	24	selection	selection	NOUN
gujaf-16	57	25	problem	problem	NOUN
gujaf-16	57	26	and	and	CCONJ
gujaf-16	57	27	can	can	AUX
gujaf-16	57	28	give	give	VERB
gujaf-16	57	29	equity	equity	NOUN
gujaf-16	57	30	quickly	quickly	ADV
gujaf-16	57	31	than	than	ADP
gujaf-16	57	32	small	small	ADJ
gujaf-16	57	33	firms	firm	NOUN
gujaf-16	57	34	.	.	PUNCT
gujaf-16	58	1	the	the	DET
gujaf-16	58	2	vast	vast	ADJ
gujaf-16	58	3	majority	majority	NOUN
gujaf-16	58	4	of	of	ADP
gujaf-16	58	5	empirical	empirical	ADJ
gujaf-16	58	6	research	research	NOUN
gujaf-16	58	7	conducted	conduct	VERB
gujaf-16	58	8	find	find	VERB
gujaf-16	58	9	a	a	DET
gujaf-16	58	10	significant	significant	ADJ
gujaf-16	58	11	connection	connection	NOUN
gujaf-16	58	12	among	among	ADP
gujaf-16	58	13	size	size	NOUN
gujaf-16	58	14	of	of	ADP
gujaf-16	58	15	firm	firm	NOUN
gujaf-16	58	16	and	and	CCONJ
gujaf-16	58	17	debt	debt	NOUN
gujaf-16	58	18	.	.	PUNCT
gujaf-16	59	1	evidences	evidence	NOUN
gujaf-16	59	2	show	show	VERB
gujaf-16	59	3	empirically	empirically	ADV
gujaf-16	59	4	that	that	SCONJ
gujaf-16	59	5	there	there	PRON
gujaf-16	59	6	is	be	VERB
gujaf-16	59	7	variations	variation	NOUN
gujaf-16	59	8	in	in	ADP
gujaf-16	59	9	results	result	NOUN
gujaf-16	59	10	between	between	ADP
gujaf-16	59	11	size	size	NOUN
gujaf-16	59	12	and	and	CCONJ
gujaf-16	59	13	debt	debt	NOUN
gujaf-16	59	14	.	.	PUNCT
gujaf-16	60	1	chakrabarti	chakrabarti	PROPN
gujaf-16	60	2	and	and	CCONJ
gujaf-16	60	3	chakrabarti	chakrabarti	PROPN
gujaf-16	60	4	(	(	PUNCT
gujaf-16	60	5	2019	2019	NUM
gujaf-16	60	6	)	)	PUNCT
gujaf-16	60	7	and	and	CCONJ
gujaf-16	60	8	dakua	dakua	NOUN
gujaf-16	60	9	,	,	PUNCT
gujaf-16	60	10	(	(	PUNCT
gujaf-16	60	11	2018	2018	NUM
gujaf-16	60	12	)	)	PUNCT
gujaf-16	60	13	positively	positively	ADV
gujaf-16	60	14	linked	link	VERB
gujaf-16	60	15	the	the	DET
gujaf-16	60	16	connection	connection	NOUN
gujaf-16	60	17	between	between	ADP
gujaf-16	60	18	size	size	NOUN
gujaf-16	60	19	of	of	ADP
gujaf-16	60	20	firm	firm	NOUN
gujaf-16	60	21	and	and	CCONJ
gujaf-16	60	22	debt	debt	NOUN
gujaf-16	60	23	.	.	PUNCT
gujaf-16	61	1	conversely	conversely	ADV
gujaf-16	61	2	,	,	PUNCT
gujaf-16	61	3	a	a	DET
gujaf-16	61	4	negative	negative	ADJ
gujaf-16	61	5	connection	connection	NOUN
gujaf-16	61	6	was	be	AUX
gujaf-16	61	7	reported	report	VERB
gujaf-16	61	8	by	by	ADP
gujaf-16	61	9	hanousek	hanousek	NOUN
gujaf-16	61	10	and	and	CCONJ
gujaf-16	61	11	shamshur	shamshur	NOUN
gujaf-16	61	12	(	(	PUNCT
gujaf-16	61	13	2011	2011	NUM
gujaf-16	61	14	)	)	PUNCT
gujaf-16	61	15	and	and	CCONJ
gujaf-16	61	16	chakraborty	chakraborty	PROPN
gujaf-16	61	17	(	(	PUNCT
gujaf-16	61	18	2010	2010	NUM
gujaf-16	61	19	)	)	PUNCT
gujaf-16	61	20	.	.	PUNCT
gujaf-16	62	1	profitability	profitability	NOUN
gujaf-16	62	2	in	in	ADP
gujaf-16	62	3	general	general	ADJ
gujaf-16	62	4	,	,	PUNCT
gujaf-16	62	5	trade	trade	NOUN
gujaf-16	62	6	-	-	PUNCT
gujaf-16	62	7	off	off	ADP
gujaf-16	62	8	principle	principle	NOUN
gujaf-16	62	9	is	be	AUX
gujaf-16	62	10	defined	define	VERB
gujaf-16	62	11	as	as	ADP
gujaf-16	62	12	forecasting	forecast	VERB
gujaf-16	62	13	a	a	DET
gujaf-16	62	14	positive	positive	ADJ
gujaf-16	62	15	link	link	NOUN
gujaf-16	62	16	among	among	ADP
gujaf-16	62	17	firm	firm	ADJ
gujaf-16	62	18	profits	profit	NOUN
gujaf-16	62	19	and	and	CCONJ
gujaf-16	62	20	debt	debt	NOUN
gujaf-16	62	21	ratio	ratio	NOUN
gujaf-16	62	22	.	.	PUNCT
gujaf-16	63	1	that	that	PRON
gujaf-16	63	2	is	be	AUX
gujaf-16	63	3	because	because	SCONJ
gujaf-16	63	4	risk	risk	NOUN
gujaf-16	63	5	of	of	ADP
gujaf-16	63	6	default	default	NOUN
gujaf-16	63	7	is	be	AUX
gujaf-16	63	8	smaller	small	ADJ
gujaf-16	63	9	,	,	PUNCT
gujaf-16	63	10	and	and	CCONJ
gujaf-16	63	11	interest	interest	NOUN
gujaf-16	63	12	-	-	PUNCT
gujaf-16	63	13	tax	tax	NOUN
gujaf-16	63	14	debt	debt	NOUN
gujaf-16	63	15	shields	shield	NOUN
gujaf-16	63	16	are	be	AUX
gujaf-16	63	17	of	of	ADP
gujaf-16	63	18	more	more	ADJ
gujaf-16	63	19	value	value	NOUN
gujaf-16	63	20	to	to	ADP
gujaf-16	63	21	firms	firm	NOUN
gujaf-16	63	22	with	with	ADP
gujaf-16	63	23	higher	high	ADJ
gujaf-16	63	24	profits	profit	NOUN
gujaf-16	63	25	.	.	PUNCT
gujaf-16	64	1	on	on	ADP
gujaf-16	64	2	other	other	ADJ
gujaf-16	64	3	hand	hand	NOUN
gujaf-16	64	4	,	,	PUNCT
gujaf-16	64	5	pecking	pecking	NOUN
gujaf-16	64	6	order	order	NOUN
gujaf-16	64	7	principle	principle	NOUN
gujaf-16	64	8	foresees	foresee	VERB
gujaf-16	64	9	an	an	DET
gujaf-16	64	10	adverse	adverse	ADJ
gujaf-16	64	11	connection	connection	NOUN
gujaf-16	64	12	among	among	ADP
gujaf-16	64	13	debt	debt	NOUN
gujaf-16	64	14	ratio	ratio	NOUN
gujaf-16	64	15	and	and	CCONJ
gujaf-16	64	16	profitability	profitability	NOUN
gujaf-16	64	17	as	as	SCONJ
gujaf-16	64	18	firms	firm	NOUN
gujaf-16	64	19	with	with	ADP
gujaf-16	64	20	higher	high	ADJ
gujaf-16	64	21	profits	profit	NOUN
gujaf-16	64	22	can	can	AUX
gujaf-16	64	23	make	make	VERB
gujaf-16	64	24	use	use	NOUN
gujaf-16	64	25	of	of	ADP
gujaf-16	64	26	retained	retain	VERB
gujaf-16	64	27	earnings	earning	NOUN
gujaf-16	64	28	to	to	PART
gujaf-16	64	29	finance	finance	VERB
gujaf-16	64	30	business	business	NOUN
gujaf-16	64	31	opportunities	opportunity	NOUN
gujaf-16	64	32	and	and	CCONJ
gujaf-16	64	33	thus	thus	ADV
gujaf-16	64	34	have	have	VERB
gujaf-16	64	35	fewer	few	ADJ
gujaf-16	64	36	desire	desire	NOUN
gujaf-16	64	37	for	for	ADP
gujaf-16	64	38	external	external	ADJ
gujaf-16	64	39	debt	debt	NOUN
gujaf-16	64	40	.	.	PUNCT
gujaf-16	65	1	even	even	ADV
gujaf-16	65	2	though	though	SCONJ
gujaf-16	65	3	most	most	ADJ
gujaf-16	65	4	empirical	empirical	ADJ
gujaf-16	65	5	researches	research	NOUN
gujaf-16	65	6	show	show	VERB
gujaf-16	65	7	that	that	SCONJ
gujaf-16	65	8	the	the	DET
gujaf-16	65	9	connection	connection	NOUN
gujaf-16	65	10	is	be	AUX
gujaf-16	65	11	robustly	robustly	ADV
gujaf-16	65	12	adverse	adverse	ADJ
gujaf-16	65	13	.	.	PUNCT
gujaf-16	66	1	yet	yet	CCONJ
gujaf-16	66	2	some	some	DET
gujaf-16	66	3	empirical	empirical	ADJ
gujaf-16	66	4	studies	study	NOUN
gujaf-16	66	5	show	show	VERB
gujaf-16	66	6	a	a	DET
gujaf-16	66	7	positive	positive	ADJ
gujaf-16	66	8	result	result	NOUN
gujaf-16	66	9	on	on	ADP
gujaf-16	66	10	the	the	DET
gujaf-16	66	11	profit	profit	NOUN
gujaf-16	66	12	and	and	CCONJ
gujaf-16	66	13	debt	debt	NOUN
gujaf-16	66	14	ratio	ratio	NOUN
gujaf-16	66	15	relation	relation	PROPN
gujaf-16	66	16	.	.	PUNCT
gujaf-16	67	1	chakrabarti	chakrabarti	PROPN
gujaf-16	67	2	and	and	CCONJ
gujaf-16	67	3	chakrabarti	chakrabarti	PROPN
gujaf-16	67	4	(	(	PUNCT
gujaf-16	67	5	2019	2019	NUM
gujaf-16	67	6	)	)	PUNCT
gujaf-16	67	7	and	and	CCONJ
gujaf-16	67	8	dakua	dakua	NOUN
gujaf-16	67	9	,	,	PUNCT
gujaf-16	67	10	(	(	PUNCT
gujaf-16	67	11	2018	2018	NUM
gujaf-16	67	12	)	)	PUNCT
gujaf-16	67	13	found	find	VERB
gujaf-16	67	14	a	a	DET
gujaf-16	67	15	negative	negative	ADJ
gujaf-16	67	16	connection	connection	NOUN
gujaf-16	67	17	between	between	ADP
gujaf-16	67	18	profit	profit	NOUN
gujaf-16	67	19	and	and	CCONJ
gujaf-16	67	20	debt	debt	NOUN
gujaf-16	67	21	.	.	PUNCT
gujaf-16	68	1	conversely	conversely	ADV
gujaf-16	68	2	,	,	PUNCT
gujaf-16	68	3	bukair	bukair	NOUN
gujaf-16	68	4	(	(	PUNCT
gujaf-16	68	5	2018	2018	NUM
gujaf-16	68	6	)	)	PUNCT
gujaf-16	68	7	and	and	CCONJ
gujaf-16	68	8	toumi	toumi	PROPN
gujaf-16	68	9	,	,	PUNCT
gujaf-16	68	10	et	et	PROPN
gujaf-16	68	11	al	al	PROPN
gujaf-16	68	12	.	.	PROPN
gujaf-16	69	1	(	(	PUNCT
gujaf-16	69	2	2012	2012	NUM
gujaf-16	69	3	)	)	PUNCT
gujaf-16	69	4	found	find	VERB
gujaf-16	69	5	relation	relation	NOUN
gujaf-16	69	6	between	between	ADP
gujaf-16	69	7	profits	profit	NOUN
gujaf-16	69	8	and	and	CCONJ
gujaf-16	69	9	debt	debt	NOUN
gujaf-16	69	10	negative	negative	ADJ
gujaf-16	69	11	.	.	PUNCT
gujaf-16	70	1	market	market	NOUN
gujaf-16	70	2	price	price	NOUN
gujaf-16	70	3	to	to	ADP
gujaf-16	70	4	book	book	NOUN
gujaf-16	70	5	(	(	PUNCT
gujaf-16	70	6	growth	growth	NOUN
gujaf-16	70	7	opportunity	opportunity	NOUN
gujaf-16	70	8	)	)	PUNCT
gujaf-16	70	9	growth	growth	NOUN
gujaf-16	70	10	firms	firm	NOUN
gujaf-16	70	11	need	need	VERB
gujaf-16	70	12	to	to	PART
gujaf-16	70	13	use	use	VERB
gujaf-16	70	14	less	less	ADJ
gujaf-16	70	15	debt	debt	NOUN
gujaf-16	70	16	from	from	ADP
gujaf-16	70	17	a	a	DET
gujaf-16	70	18	trade	trade	NOUN
gujaf-16	70	19	-	-	PUNCT
gujaf-16	70	20	off	off	ADP
gujaf-16	70	21	theory	theory	NOUN
gujaf-16	70	22	viewpoint	viewpoint	NOUN
gujaf-16	70	23	,	,	PUNCT
gujaf-16	70	24	because	because	SCONJ
gujaf-16	70	25	growth	growth	NOUN
gujaf-16	70	26	opportunities	opportunity	NOUN
gujaf-16	70	27	are	be	AUX
gujaf-16	70	28	intangible	intangible	ADJ
gujaf-16	70	29	assets	asset	NOUN
gujaf-16	70	30	without	without	ADP
gujaf-16	70	31	value	value	NOUN
gujaf-16	70	32	of	of	ADP
gujaf-16	70	33	collateral	collateral	NOUN
gujaf-16	70	34	if	if	SCONJ
gujaf-16	70	35	firms	firm	NOUN
gujaf-16	70	36	face	face	VERB
gujaf-16	70	37	bankruptcy	bankruptcy	NOUN
gujaf-16	70	38	(	(	PUNCT
gujaf-16	70	39	myers	myers	PROPN
gujaf-16	70	40	,	,	PUNCT
gujaf-16	70	41	1984	1984	NUM
gujaf-16	70	42	)	)	PUNCT
gujaf-16	70	43	.	.	PUNCT
gujaf-16	71	1	from	from	ADP
gujaf-16	71	2	pecking	pecking	NOUN
gujaf-16	71	3	theory	theory	NOUN
gujaf-16	71	4	viewpoint	viewpoint	NOUN
gujaf-16	71	5	,	,	PUNCT
gujaf-16	71	6	growing	grow	VERB
gujaf-16	71	7	firms	firm	NOUN
gujaf-16	71	8	needing	need	VERB
gujaf-16	71	9	gujaf	gujaf	NOUN
gujaf-16	71	10	:	:	PUNCT
gujaf-16	71	11	gusau	gusau	PROPN
gujaf-16	71	12	journal	journal	NOUN
gujaf-16	71	13	of	of	ADP
gujaf-16	71	14	accounting	accounting	NOUN
gujaf-16	71	15	and	and	CCONJ
gujaf-16	71	16	finance	finance	NOUN
gujaf-16	71	17	,	,	PUNCT
gujaf-16	71	18	vol	vol	NOUN
gujaf-16	71	19	.	.	PUNCT
gujaf-16	72	1	i	i	PRON
gujaf-16	72	2	,	,	PUNCT
gujaf-16	72	3	issue	issue	NOUN
gujaf-16	72	4	1	1	NUM
gujaf-16	72	5	,	,	PUNCT
gujaf-16	72	6	april	april	PROPN
gujaf-16	72	7	,	,	PUNCT
gujaf-16	72	8	2020	2020	NUM
gujaf-16	72	9	issn	issn	VERB
gujaf-16	72	10	2756	2756	NUM
gujaf-16	72	11	-	-	PUNCT
gujaf-16	72	12	665x	665x	NOUN
gujaf-16	72	13	5	5	NUM
gujaf-16	72	14	funding	funding	NOUN
gujaf-16	72	15	should	should	AUX
gujaf-16	72	16	deliver	deliver	VERB
gujaf-16	72	17	security	security	NOUN
gujaf-16	72	18	with	with	ADP
gujaf-16	72	19	fewer	few	ADJ
gujaf-16	72	20	costs	cost	NOUN
gujaf-16	72	21	of	of	ADP
gujaf-16	72	22	information	information	NOUN
gujaf-16	72	23	asymmetry	asymmetry	NOUN
gujaf-16	72	24	.	.	PUNCT
gujaf-16	73	1	dakua	dakua	PROPN
gujaf-16	73	2	,	,	PUNCT
gujaf-16	73	3	(	(	PUNCT
gujaf-16	73	4	2018	2018	NUM
gujaf-16	73	5	)	)	PUNCT
gujaf-16	73	6	and	and	CCONJ
gujaf-16	73	7	acaravi	acaravi	VERB
gujaf-16	73	8	,	,	PUNCT
gujaf-16	73	9	(	(	PUNCT
gujaf-16	73	10	2015	2015	NUM
gujaf-16	73	11	)	)	PUNCT
gujaf-16	73	12	empirically	empirically	ADV
gujaf-16	73	13	found	find	VERB
gujaf-16	73	14	growth	growth	NOUN
gujaf-16	73	15	opportunity	opportunity	NOUN
gujaf-16	73	16	to	to	PART
gujaf-16	73	17	be	be	AUX
gujaf-16	73	18	significantly	significantly	ADV
gujaf-16	73	19	connected	connect	VERB
gujaf-16	73	20	to	to	ADP
gujaf-16	73	21	debt	debt	NOUN
gujaf-16	73	22	.	.	PUNCT
gujaf-16	74	1	conversely	conversely	ADV
gujaf-16	74	2	,	,	PUNCT
gujaf-16	74	3	gormley	gormley	NOUN
gujaf-16	74	4	and	and	CCONJ
gujaf-16	74	5	matsa	matsa	NOUN
gujaf-16	74	6	,	,	PUNCT
gujaf-16	74	7	(	(	PUNCT
gujaf-16	74	8	2013	2013	NUM
gujaf-16	74	9	)	)	PUNCT
gujaf-16	74	10	and	and	CCONJ
gujaf-16	74	11	chakraborty	chakraborty	PROPN
gujaf-16	74	12	(	(	PUNCT
gujaf-16	74	13	2010	2010	NUM
gujaf-16	74	14	)	)	PUNCT
gujaf-16	74	15	report	report	VERB
gujaf-16	74	16	an	an	DET
gujaf-16	74	17	adverse	adverse	ADJ
gujaf-16	74	18	effect	effect	NOUN
gujaf-16	74	19	between	between	ADP
gujaf-16	74	20	growth	growth	NOUN
gujaf-16	74	21	opportunity	opportunity	NOUN
gujaf-16	74	22	and	and	CCONJ
gujaf-16	74	23	debt	debt	NOUN
gujaf-16	74	24	.	.	PUNCT
gujaf-16	75	1	non	non	ADJ
gujaf-16	75	2	-	-	ADJ
gujaf-16	75	3	debt	debt	ADJ
gujaf-16	75	4	tax	tax	NOUN
gujaf-16	75	5	shield	shield	NOUN
gujaf-16	75	6	in	in	ADP
gujaf-16	75	7	1980	1980	NUM
gujaf-16	75	8	,	,	PUNCT
gujaf-16	75	9	de	de	X
gujaf-16	75	10	angelo	angelo	PROPN
gujaf-16	75	11	and	and	CCONJ
gujaf-16	75	12	masulis	masulis	PROPN
gujaf-16	75	13	were	be	AUX
gujaf-16	75	14	obviously	obviously	ADV
gujaf-16	75	15	first	first	ADJ
gujaf-16	75	16	to	to	PART
gujaf-16	75	17	introduce	introduce	VERB
gujaf-16	75	18	into	into	ADP
gujaf-16	75	19	literature	literature	NOUN
gujaf-16	75	20	formally	formally	ADV
gujaf-16	75	21	the	the	DET
gujaf-16	75	22	concept	concept	NOUN
gujaf-16	75	23	of	of	ADP
gujaf-16	75	24	non	non	ADJ
gujaf-16	75	25	-	-	ADJ
gujaf-16	75	26	debt	debt	ADJ
gujaf-16	75	27	tax	tax	NOUN
gujaf-16	75	28	shields	shield	NOUN
gujaf-16	75	29	.	.	PUNCT
gujaf-16	76	1	the	the	DET
gujaf-16	76	2	non	non	ADJ
gujaf-16	76	3	-	-	ADJ
gujaf-16	76	4	debt	debt	ADJ
gujaf-16	76	5	tax	tax	NOUN
gujaf-16	76	6	shield	shield	NOUN
gujaf-16	76	7	could	could	AUX
gujaf-16	76	8	be	be	AUX
gujaf-16	76	9	attributes	attribute	NOUN
gujaf-16	76	10	such	such	ADJ
gujaf-16	76	11	as	as	ADP
gujaf-16	76	12	depreciation	depreciation	NOUN
gujaf-16	76	13	deductions	deduction	NOUN
gujaf-16	76	14	,	,	PUNCT
gujaf-16	76	15	allowances	allowance	NOUN
gujaf-16	76	16	for	for	ADP
gujaf-16	76	17	depletion	depletion	NOUN
gujaf-16	76	18	and	and	CCONJ
gujaf-16	76	19	tax	tax	NOUN
gujaf-16	76	20	credits	credit	NOUN
gujaf-16	76	21	for	for	ADP
gujaf-16	76	22	investment	investment	NOUN
gujaf-16	76	23	.	.	PUNCT
gujaf-16	77	1	such	such	ADJ
gujaf-16	77	2	shields	shield	NOUN
gujaf-16	77	3	could	could	AUX
gujaf-16	77	4	be	be	AUX
gujaf-16	77	5	viewed	view	VERB
gujaf-16	77	6	as	as	ADP
gujaf-16	77	7	replacements	replacement	NOUN
gujaf-16	77	8	for	for	ADP
gujaf-16	77	9	the	the	DET
gujaf-16	77	10	debt	debt	NOUN
gujaf-16	77	11	funding	fund	VERB
gujaf-16	77	12	corporate	corporate	ADJ
gujaf-16	77	13	tax	tax	NOUN
gujaf-16	77	14	benefits	benefit	NOUN
gujaf-16	77	15	.	.	PUNCT
gujaf-16	78	1	consequently	consequently	ADV
gujaf-16	78	2	,	,	PUNCT
gujaf-16	78	3	firms	firm	NOUN
gujaf-16	78	4	with	with	ADP
gujaf-16	78	5	greater	great	ADJ
gujaf-16	78	6	volumes	volume	NOUN
gujaf-16	78	7	of	of	ADP
gujaf-16	78	8	non	non	ADJ
gujaf-16	78	9	-	-	ADJ
gujaf-16	78	10	debt	debt	ADJ
gujaf-16	78	11	tax	tax	NOUN
gujaf-16	78	12	shields	shield	NOUN
gujaf-16	78	13	will	will	AUX
gujaf-16	78	14	opt	opt	VERB
gujaf-16	78	15	for	for	ADP
gujaf-16	78	16	lower	low	ADJ
gujaf-16	78	17	debt	debt	NOUN
gujaf-16	78	18	rates	rate	NOUN
gujaf-16	78	19	.	.	PUNCT
gujaf-16	79	1	the	the	DET
gujaf-16	79	2	trade	trade	NOUN
gujaf-16	79	3	-	-	PUNCT
gujaf-16	79	4	off	off	ADP
gujaf-16	79	5	principle	principle	NOUN
gujaf-16	79	6	thus	thus	ADV
gujaf-16	79	7	predicts	predict	VERB
gujaf-16	79	8	an	an	DET
gujaf-16	79	9	adverse	adverse	ADJ
gujaf-16	79	10	connection	connection	NOUN
gujaf-16	79	11	between	between	ADP
gujaf-16	79	12	the	the	DET
gujaf-16	79	13	debt	debt	NOUN
gujaf-16	79	14	ratio	ratio	NOUN
gujaf-16	79	15	and	and	CCONJ
gujaf-16	79	16	non	non	ADJ
gujaf-16	79	17	-	-	ADJ
gujaf-16	79	18	debt	debt	ADJ
gujaf-16	79	19	tax	tax	NOUN
gujaf-16	79	20	shields	shield	NOUN
gujaf-16	79	21	.	.	PUNCT
gujaf-16	80	1	empirical	empirical	ADJ
gujaf-16	80	2	research	research	NOUN
gujaf-16	80	3	more	more	ADV
gujaf-16	80	4	often	often	ADV
gujaf-16	80	5	than	than	SCONJ
gujaf-16	80	6	not	not	PART
gujaf-16	80	7	show	show	VERB
gujaf-16	80	8	findings	finding	NOUN
gujaf-16	80	9	which	which	PRON
gujaf-16	80	10	support	support	VERB
gujaf-16	80	11	this	this	DET
gujaf-16	80	12	prediction	prediction	NOUN
gujaf-16	80	13	;	;	PUNCT
gujaf-16	80	14	yet	yet	CCONJ
gujaf-16	80	15	some	some	PRON
gujaf-16	80	16	show	show	VERB
gujaf-16	80	17	a	a	DET
gujaf-16	80	18	positive	positive	ADJ
gujaf-16	80	19	relation	relation	NOUN
gujaf-16	80	20	.	.	PUNCT
gujaf-16	81	1	among	among	ADP
gujaf-16	81	2	the	the	DET
gujaf-16	81	3	few	few	ADJ
gujaf-16	81	4	empirical	empirical	ADJ
gujaf-16	81	5	studies	study	NOUN
gujaf-16	81	6	that	that	PRON
gujaf-16	81	7	show	show	VERB
gujaf-16	81	8	an	an	DET
gujaf-16	81	9	adverse	adverse	ADJ
gujaf-16	81	10	link	link	NOUN
gujaf-16	81	11	between	between	ADP
gujaf-16	81	12	debt	debt	NOUN
gujaf-16	81	13	and	and	CCONJ
gujaf-16	81	14	non	non	ADJ
gujaf-16	81	15	-	-	ADJ
gujaf-16	81	16	debt	debt	ADJ
gujaf-16	81	17	tax	tax	NOUN
gujaf-16	81	18	shield	shield	NOUN
gujaf-16	81	19	are	be	AUX
gujaf-16	81	20	oztekin	oztekin	ADJ
gujaf-16	81	21	and	and	CCONJ
gujaf-16	81	22	flannery	flannery	PROPN
gujaf-16	81	23	,	,	PUNCT
gujaf-16	81	24	(	(	PUNCT
gujaf-16	81	25	2012	2012	NUM
gujaf-16	81	26	)	)	PUNCT
gujaf-16	81	27	,	,	PUNCT
gujaf-16	81	28	iwarere	iwarere	NOUN
gujaf-16	81	29	and	and	CCONJ
gujaf-16	81	30	akinleye	akinleye	NOUN
gujaf-16	81	31	,	,	PUNCT
gujaf-16	81	32	(	(	PUNCT
gujaf-16	81	33	2010	2010	NUM
gujaf-16	81	34	)	)	PUNCT
gujaf-16	81	35	.	.	PUNCT
gujaf-16	82	1	conversely	conversely	ADV
gujaf-16	82	2	,	,	PUNCT
gujaf-16	82	3	chakrabarti	chakrabarti	PROPN
gujaf-16	82	4	and	and	CCONJ
gujaf-16	82	5	chakrabarti	chakrabarti	PROPN
gujaf-16	82	6	(	(	PUNCT
gujaf-16	82	7	2019	2019	NUM
gujaf-16	82	8	)	)	PUNCT
gujaf-16	82	9	and	and	CCONJ
gujaf-16	82	10	bukair	bukair	NOUN
gujaf-16	82	11	(	(	PUNCT
gujaf-16	82	12	2018	2018	NUM
gujaf-16	82	13	)	)	PUNCT
gujaf-16	82	14	posits	posit	NOUN
gujaf-16	82	15	a	a	DET
gujaf-16	82	16	positive	positive	ADJ
gujaf-16	82	17	link	link	NOUN
gujaf-16	82	18	between	between	ADP
gujaf-16	82	19	debt	debt	NOUN
gujaf-16	82	20	and	and	CCONJ
gujaf-16	82	21	non	non	ADJ
gujaf-16	82	22	-	-	ADJ
gujaf-16	82	23	debt	debt	ADJ
gujaf-16	82	24	tax	tax	NOUN
gujaf-16	82	25	shield	shield	NOUN
gujaf-16	82	26	.	.	PUNCT
gujaf-16	83	1	macroeconomic	macroeconomic	ADJ
gujaf-16	83	2	determinants	determinant	NOUN
gujaf-16	83	3	several	several	ADJ
gujaf-16	83	4	research	research	NOUN
gujaf-16	83	5	,	,	PUNCT
gujaf-16	83	6	like	like	ADP
gujaf-16	83	7	de	de	PROPN
gujaf-16	83	8	jong	jong	PROPN
gujaf-16	83	9	et	et	PROPN
gujaf-16	83	10	al	al	PROPN
gujaf-16	83	11	.	.	PROPN
gujaf-16	83	12	(	(	PUNCT
gujaf-16	83	13	2008	2008	NUM
gujaf-16	83	14	)	)	PUNCT
gujaf-16	83	15	and	and	CCONJ
gujaf-16	83	16	baltaci	baltaci	NOUN
gujaf-16	83	17	and	and	CCONJ
gujaf-16	83	18	ayaydin	ayaydin	NOUN
gujaf-16	83	19	,	,	PUNCT
gujaf-16	83	20	(	(	PUNCT
gujaf-16	83	21	2014	2014	NUM
gujaf-16	83	22	)	)	PUNCT
gujaf-16	83	23	reveal	reveal	VERB
gujaf-16	83	24	that	that	SCONJ
gujaf-16	83	25	the	the	DET
gujaf-16	83	26	safety	safety	NOUN
gujaf-16	83	27	and	and	CCONJ
gujaf-16	83	28	stability	stability	NOUN
gujaf-16	83	29	of	of	ADP
gujaf-16	83	30	the	the	DET
gujaf-16	83	31	economic	economic	ADJ
gujaf-16	83	32	conditions	condition	NOUN
gujaf-16	83	33	has	have	VERB
gujaf-16	83	34	a	a	DET
gujaf-16	83	35	tremendous	tremendous	ADJ
gujaf-16	83	36	effect	effect	NOUN
gujaf-16	83	37	on	on	ADP
gujaf-16	83	38	firm	firm	NOUN
gujaf-16	83	39	’s	’s	PART
gujaf-16	83	40	capital	capital	NOUN
gujaf-16	83	41	structures	structure	NOUN
gujaf-16	83	42	.	.	PUNCT
gujaf-16	84	1	to	to	PART
gujaf-16	84	2	analyze	analyze	VERB
gujaf-16	84	3	impact	impact	NOUN
gujaf-16	84	4	of	of	ADP
gujaf-16	84	5	economic	economic	ADJ
gujaf-16	84	6	conditions	condition	NOUN
gujaf-16	84	7	on	on	ADP
gujaf-16	84	8	firms	firm	NOUN
gujaf-16	84	9	’	'	PUNCT
gujaf-16	84	10	capital	capital	NOUN
gujaf-16	84	11	structure	structure	NOUN
gujaf-16	84	12	,	,	PUNCT
gujaf-16	84	13	the	the	DET
gujaf-16	84	14	study	study	NOUN
gujaf-16	84	15	used	use	VERB
gujaf-16	84	16	macroeconomic	macroeconomic	ADJ
gujaf-16	84	17	indicators	indicator	NOUN
gujaf-16	84	18	such	such	ADJ
gujaf-16	84	19	as	as	ADP
gujaf-16	84	20	gdp	gdp	NOUN
gujaf-16	84	21	growth	growth	NOUN
gujaf-16	84	22	,	,	PUNCT
gujaf-16	84	23	interest	interest	NOUN
gujaf-16	84	24	rate	rate	NOUN
gujaf-16	84	25	,	,	PUNCT
gujaf-16	84	26	market	market	NOUN
gujaf-16	84	27	capitalization	capitalization	NOUN
gujaf-16	84	28	to	to	ADP
gujaf-16	84	29	gdp	gdp	NOUN
gujaf-16	84	30	,	,	PUNCT
gujaf-16	84	31	and	and	CCONJ
gujaf-16	84	32	inflation	inflation	NOUN
gujaf-16	84	33	rate	rate	NOUN
gujaf-16	84	34	to	to	ADP
gujaf-16	84	35	measures	measure	NOUN
gujaf-16	84	36	the	the	DET
gujaf-16	84	37	general	general	ADJ
gujaf-16	84	38	economic	economic	ADJ
gujaf-16	84	39	climate	climate	NOUN
gujaf-16	84	40	.	.	PUNCT
gujaf-16	85	1	inflation	inflation	NOUN
gujaf-16	85	2	inflation	inflation	NOUN
gujaf-16	85	3	is	be	AUX
gujaf-16	85	4	one	one	NUM
gujaf-16	85	5	of	of	ADP
gujaf-16	85	6	a	a	DET
gujaf-16	85	7	country	country	NOUN
gujaf-16	85	8	's	's	PART
gujaf-16	85	9	key	key	ADJ
gujaf-16	85	10	indices	index	NOUN
gujaf-16	85	11	of	of	ADP
gujaf-16	85	12	stability	stability	NOUN
gujaf-16	85	13	.	.	PUNCT
gujaf-16	86	1	any	any	DET
gujaf-16	86	2	rise	rise	NOUN
gujaf-16	86	3	in	in	ADP
gujaf-16	86	4	inflation	inflation	NOUN
gujaf-16	86	5	leads	lead	VERB
gujaf-16	86	6	to	to	ADP
gujaf-16	86	7	economic	economic	ADJ
gujaf-16	86	8	instability	instability	NOUN
gujaf-16	86	9	.	.	PUNCT
gujaf-16	87	1	this	this	DET
gujaf-16	87	2	uncertainty	uncertainty	NOUN
gujaf-16	87	3	causes	cause	VERB
gujaf-16	87	4	firms	firm	NOUN
gujaf-16	87	5	'	'	PART
gujaf-16	87	6	inability	inability	NOUN
gujaf-16	87	7	to	to	PART
gujaf-16	87	8	repay	repay	VERB
gujaf-16	87	9	their	their	PRON
gujaf-16	87	10	debts	debt	NOUN
gujaf-16	87	11	.	.	PUNCT
gujaf-16	88	1	higher	high	ADJ
gujaf-16	88	2	inflation	inflation	NOUN
gujaf-16	88	3	decreases	decrease	VERB
gujaf-16	88	4	the	the	DET
gujaf-16	88	5	benefits	benefit	NOUN
gujaf-16	88	6	of	of	ADP
gujaf-16	88	7	debt	debt	NOUN
gujaf-16	88	8	because	because	SCONJ
gujaf-16	88	9	of	of	ADP
gujaf-16	88	10	higher	high	ADJ
gujaf-16	88	11	bankruptcy	bankruptcy	NOUN
gujaf-16	88	12	costs	cost	NOUN
gujaf-16	88	13	of	of	ADP
gujaf-16	88	14	debt	debt	NOUN
gujaf-16	88	15	imposed	impose	VERB
gujaf-16	88	16	on	on	ADP
gujaf-16	88	17	firms	firm	NOUN
gujaf-16	88	18	(	(	PUNCT
gujaf-16	88	19	gungoraydinoglu	gungoraydinoglu	NOUN
gujaf-16	88	20	and	and	CCONJ
gujaf-16	88	21	öztekin	öztekin	NOUN
gujaf-16	88	22	,	,	PUNCT
gujaf-16	88	23	2011	2011	NUM
gujaf-16	88	24	)	)	PUNCT
gujaf-16	88	25	.	.	PUNCT
gujaf-16	89	1	in	in	ADP
gujaf-16	89	2	this	this	DET
gujaf-16	89	3	situation	situation	NOUN
gujaf-16	89	4	,	,	PUNCT
gujaf-16	89	5	borrowers	borrower	NOUN
gujaf-16	89	6	demand	demand	VERB
gujaf-16	89	7	a	a	DET
gujaf-16	89	8	higher	high	ADJ
gujaf-16	89	9	return	return	NOUN
gujaf-16	89	10	because	because	SCONJ
gujaf-16	89	11	of	of	ADP
gujaf-16	89	12	the	the	DET
gujaf-16	89	13	risk	risk	NOUN
gujaf-16	89	14	that	that	SCONJ
gujaf-16	89	15	they	they	PRON
gujaf-16	89	16	are	be	AUX
gujaf-16	89	17	taking	take	VERB
gujaf-16	89	18	.	.	PUNCT
gujaf-16	90	1	higher	high	ADJ
gujaf-16	90	2	interest	interest	NOUN
gujaf-16	90	3	rates	rate	NOUN
gujaf-16	90	4	raise	raise	VERB
gujaf-16	90	5	the	the	DET
gujaf-16	90	6	firm	firm	NOUN
gujaf-16	90	7	's	's	PART
gujaf-16	90	8	projected	project	VERB
gujaf-16	90	9	debt	debt	NOUN
gujaf-16	90	10	burden	burden	NOUN
gujaf-16	90	11	,	,	PUNCT
gujaf-16	90	12	firms	firm	NOUN
gujaf-16	90	13	lower	lower	VERB
gujaf-16	90	14	the	the	DET
gujaf-16	90	15	debt	debt	NOUN
gujaf-16	90	16	ratios	ratio	NOUN
gujaf-16	90	17	.	.	PUNCT
gujaf-16	91	1	additionally	additionally	ADV
gujaf-16	91	2	,	,	PUNCT
gujaf-16	91	3	firms	firm	NOUN
gujaf-16	91	4	are	be	AUX
gujaf-16	91	5	increasingly	increasingly	ADV
gujaf-16	91	6	using	use	VERB
gujaf-16	91	7	weak	weak	ADJ
gujaf-16	91	8	dollars	dollar	NOUN
gujaf-16	91	9	in	in	ADP
gujaf-16	91	10	times	time	NOUN
gujaf-16	91	11	of	of	ADP
gujaf-16	91	12	high	high	ADJ
gujaf-16	91	13	inflation	inflation	NOUN
gujaf-16	91	14	to	to	PART
gujaf-16	91	15	pay	pay	VERB
gujaf-16	91	16	off	off	ADP
gujaf-16	91	17	debt	debt	NOUN
gujaf-16	91	18	and	and	CCONJ
gujaf-16	91	19	reduce	reduce	VERB
gujaf-16	91	20	their	their	PRON
gujaf-16	91	21	debt	debt	NOUN
gujaf-16	91	22	ratios	ratio	NOUN
gujaf-16	91	23	(	(	PUNCT
gujaf-16	91	24	drobetz	drobetz	VERB
gujaf-16	91	25	et	et	PROPN
gujaf-16	91	26	al	al	PROPN
gujaf-16	91	27	,	,	PUNCT
gujaf-16	91	28	2013	2013	NUM
gujaf-16	91	29	)	)	PUNCT
gujaf-16	91	30	.	.	PUNCT
gujaf-16	92	1	inflation	inflation	NOUN
gujaf-16	92	2	thus	thus	ADV
gujaf-16	92	3	has	have	VERB
gujaf-16	92	4	an	an	DET
gujaf-16	92	5	adverse	adverse	ADJ
gujaf-16	92	6	impact	impact	NOUN
gujaf-16	92	7	on	on	ADP
gujaf-16	92	8	debt	debt	NOUN
gujaf-16	92	9	.	.	PUNCT
gujaf-16	93	1	joeveer	joeveer	NOUN
gujaf-16	93	2	(	(	PUNCT
gujaf-16	93	3	2013	2013	NUM
gujaf-16	93	4	)	)	PUNCT
gujaf-16	93	5	argues	argue	VERB
gujaf-16	93	6	that	that	SCONJ
gujaf-16	93	7	anticipated	anticipate	VERB
gujaf-16	93	8	inflation	inflation	NOUN
gujaf-16	93	9	is	be	AUX
gujaf-16	93	10	forecasted	forecast	VERB
gujaf-16	93	11	to	to	PART
gujaf-16	93	12	be	be	AUX
gujaf-16	93	13	related	relate	VERB
gujaf-16	93	14	positively	positively	ADV
gujaf-16	93	15	to	to	ADP
gujaf-16	93	16	debt	debt	NOUN
gujaf-16	93	17	due	due	ADJ
gujaf-16	93	18	to	to	ADP
gujaf-16	93	19	increased	increase	VERB
gujaf-16	93	20	real	real	ADJ
gujaf-16	93	21	value	value	NOUN
gujaf-16	93	22	of	of	ADP
gujaf-16	93	23	deductions	deduction	NOUN
gujaf-16	93	24	gujaf	gujaf	NOUN
gujaf-16	93	25	:	:	PUNCT
gujaf-16	93	26	gusau	gusau	PROPN
gujaf-16	93	27	journal	journal	NOUN
gujaf-16	93	28	of	of	ADP
gujaf-16	93	29	accounting	accounting	NOUN
gujaf-16	93	30	and	and	CCONJ
gujaf-16	93	31	finance	finance	NOUN
gujaf-16	93	32	,	,	PUNCT
gujaf-16	93	33	vol	vol	NOUN
gujaf-16	93	34	.	.	PUNCT
gujaf-16	94	1	i	i	PRON
gujaf-16	94	2	,	,	PUNCT
gujaf-16	94	3	issue	issue	NOUN
gujaf-16	94	4	1	1	NUM
gujaf-16	94	5	,	,	PUNCT
gujaf-16	94	6	april	april	PROPN
gujaf-16	94	7	,	,	PUNCT
gujaf-16	94	8	2020	2020	NUM
gujaf-16	94	9	issn	issn	VERB
gujaf-16	94	10	2756	2756	NUM
gujaf-16	94	11	-	-	PUNCT
gujaf-16	94	12	665x	665x	NOUN
gujaf-16	94	13	6	6	NUM
gujaf-16	94	14	on	on	ADP
gujaf-16	94	15	debt	debt	NOUN
gujaf-16	94	16	tax	tax	NOUN
gujaf-16	94	17	.	.	PUNCT
gujaf-16	95	1	an	an	DET
gujaf-16	95	2	adverse	adverse	ADJ
gujaf-16	95	3	relationship	relationship	NOUN
gujaf-16	95	4	is	be	AUX
gujaf-16	95	5	found	find	VERB
gujaf-16	95	6	among	among	ADP
gujaf-16	95	7	debt	debt	NOUN
gujaf-16	95	8	and	and	CCONJ
gujaf-16	95	9	inflation	inflation	NOUN
gujaf-16	95	10	in	in	ADP
gujaf-16	95	11	the	the	DET
gujaf-16	95	12	studies	study	NOUN
gujaf-16	95	13	of	of	ADP
gujaf-16	95	14	öztekin	öztekin	PROPN
gujaf-16	95	15	and	and	CCONJ
gujaf-16	95	16	flannery	flannery	PROPN
gujaf-16	95	17	(	(	PUNCT
gujaf-16	95	18	2012	2012	NUM
gujaf-16	95	19	)	)	PUNCT
gujaf-16	95	20	,	,	PUNCT
gujaf-16	95	21	drobetz	drobetz	VERB
gujaf-16	95	22	et	et	PROPN
gujaf-16	95	23	al	al	PROPN
gujaf-16	95	24	(	(	PUNCT
gujaf-16	95	25	2013	2013	NUM
gujaf-16	95	26	)	)	PUNCT
gujaf-16	95	27	and	and	CCONJ
gujaf-16	95	28	joeveer	joeveer	NOUN
gujaf-16	95	29	(	(	PUNCT
gujaf-16	95	30	2013	2013	NUM
gujaf-16	95	31	)	)	PUNCT
gujaf-16	95	32	.	.	PUNCT
gujaf-16	96	1	conversely	conversely	ADV
gujaf-16	96	2	,	,	PUNCT
gujaf-16	96	3	there	there	PRON
gujaf-16	96	4	have	have	AUX
gujaf-16	96	5	been	be	AUX
gujaf-16	96	6	a	a	DET
gujaf-16	96	7	positive	positive	ADJ
gujaf-16	96	8	link	link	NOUN
gujaf-16	96	9	among	among	ADP
gujaf-16	96	10	inflation	inflation	NOUN
gujaf-16	96	11	and	and	CCONJ
gujaf-16	96	12	the	the	DET
gujaf-16	96	13	firm	firm	NOUN
gujaf-16	96	14	’s	’s	PART
gujaf-16	96	15	debt	debt	NOUN
gujaf-16	96	16	financing	financing	NOUN
gujaf-16	96	17	in	in	ADP
gujaf-16	96	18	works	work	NOUN
gujaf-16	96	19	of	of	ADP
gujaf-16	96	20	sinha	sinha	NOUN
gujaf-16	96	21	and	and	CCONJ
gujaf-16	96	22	ghosh	ghosh	PROPN
gujaf-16	96	23	,	,	PUNCT
gujaf-16	96	24	(	(	PUNCT
gujaf-16	96	25	2010	2010	NUM
gujaf-16	96	26	)	)	PUNCT
gujaf-16	96	27	;	;	PUNCT
gujaf-16	96	28	and	and	CCONJ
gujaf-16	96	29	ali	ali	PROPN
gujaf-16	96	30	,	,	PUNCT
gujaf-16	96	31	(	(	PUNCT
gujaf-16	96	32	2011	2011	NUM
gujaf-16	96	33	)	)	PUNCT
gujaf-16	96	34	.	.	PUNCT
gujaf-16	97	1	interest	interest	NOUN
gujaf-16	97	2	rate	rate	NOUN
gujaf-16	97	3	interest	interest	NOUN
gujaf-16	97	4	rate	rate	NOUN
gujaf-16	97	5	is	be	AUX
gujaf-16	97	6	the	the	DET
gujaf-16	97	7	expense	expense	NOUN
gujaf-16	97	8	of	of	ADP
gujaf-16	97	9	acquiring	acquire	VERB
gujaf-16	97	10	loans	loan	NOUN
gujaf-16	97	11	on	on	ADP
gujaf-16	97	12	short	short	ADJ
gujaf-16	97	13	-	-	PUNCT
gujaf-16	97	14	term	term	NOUN
gujaf-16	97	15	or	or	CCONJ
gujaf-16	97	16	long	long	ADJ
gujaf-16	97	17	-	-	PUNCT
gujaf-16	97	18	term	term	NOUN
gujaf-16	97	19	grounds	ground	NOUN
gujaf-16	97	20	.	.	PUNCT
gujaf-16	98	1	interest	interest	NOUN
gujaf-16	98	2	rate	rate	NOUN
gujaf-16	98	3	can	can	AUX
gujaf-16	98	4	not	not	PART
gujaf-16	98	5	be	be	AUX
gujaf-16	98	6	ignored	ignore	VERB
gujaf-16	98	7	because	because	SCONJ
gujaf-16	98	8	,	,	PUNCT
gujaf-16	98	9	of	of	ADP
gujaf-16	98	10	its	its	PRON
gujaf-16	98	11	impact	impact	NOUN
gujaf-16	98	12	on	on	ADP
gujaf-16	98	13	firm	firm	NOUN
gujaf-16	98	14	's	's	PART
gujaf-16	98	15	debt	debt	NOUN
gujaf-16	98	16	.	.	PUNCT
gujaf-16	99	1	companies	company	NOUN
gujaf-16	99	2	prefer	prefer	VERB
gujaf-16	99	3	getting	get	VERB
gujaf-16	99	4	debt	debt	NOUN
gujaf-16	99	5	from	from	ADP
gujaf-16	99	6	financial	financial	ADJ
gujaf-16	99	7	institution	institution	NOUN
gujaf-16	99	8	and	and	CCONJ
gujaf-16	99	9	capital	capital	NOUN
gujaf-16	99	10	market	market	NOUN
gujaf-16	99	11	in	in	ADP
gujaf-16	99	12	particular	particular	ADJ
gujaf-16	99	13	to	to	PART
gujaf-16	99	14	fund	fund	VERB
gujaf-16	99	15	investment	investment	NOUN
gujaf-16	99	16	when	when	SCONJ
gujaf-16	99	17	the	the	DET
gujaf-16	99	18	expense	expense	NOUN
gujaf-16	99	19	is	be	AUX
gujaf-16	99	20	very	very	ADV
gujaf-16	99	21	low	low	ADJ
gujaf-16	99	22	.	.	PUNCT
gujaf-16	100	1	despite	despite	SCONJ
gujaf-16	100	2	financial	financial	ADJ
gujaf-16	100	3	liberalization	liberalization	NOUN
gujaf-16	100	4	of	of	ADP
gujaf-16	100	5	their	their	PRON
gujaf-16	100	6	financial	financial	ADJ
gujaf-16	100	7	markets	market	NOUN
gujaf-16	100	8	,	,	PUNCT
gujaf-16	100	9	interest	interest	NOUN
gujaf-16	100	10	rate	rate	NOUN
gujaf-16	100	11	in	in	ADP
gujaf-16	100	12	most	most	ADJ
gujaf-16	100	13	developing	develop	VERB
gujaf-16	100	14	economies	economy	NOUN
gujaf-16	100	15	is	be	AUX
gujaf-16	100	16	however	however	ADV
gujaf-16	100	17	very	very	ADV
gujaf-16	100	18	high	high	ADJ
gujaf-16	100	19	.	.	PUNCT
gujaf-16	101	1	interest	interest	NOUN
gujaf-16	101	2	rates	rate	NOUN
gujaf-16	101	3	are	be	AUX
gujaf-16	101	4	generally	generally	ADV
gujaf-16	101	5	double	double	ADJ
gujaf-16	101	6	digits	digit	NOUN
gujaf-16	101	7	,	,	PUNCT
gujaf-16	101	8	and	and	CCONJ
gujaf-16	101	9	financing	financing	NOUN
gujaf-16	101	10	are	be	AUX
gujaf-16	101	11	mostly	mostly	ADV
gujaf-16	101	12	obtained	obtain	VERB
gujaf-16	101	13	on	on	ADP
gujaf-16	101	14	a	a	DET
gujaf-16	101	15	short	short	ADJ
gujaf-16	101	16	-	-	PUNCT
gujaf-16	101	17	term	term	NOUN
gujaf-16	101	18	basis	basis	NOUN
gujaf-16	101	19	.	.	PUNCT
gujaf-16	102	1	one	one	NUM
gujaf-16	102	2	of	of	ADP
gujaf-16	102	3	the	the	DET
gujaf-16	102	4	reasons	reason	NOUN
gujaf-16	102	5	contributing	contribute	VERB
gujaf-16	102	6	for	for	ADP
gujaf-16	102	7	this	this	PRON
gujaf-16	102	8	is	be	AUX
gujaf-16	102	9	the	the	DET
gujaf-16	102	10	saving	save	VERB
gujaf-16	102	11	behavior	behavior	NOUN
gujaf-16	102	12	of	of	ADP
gujaf-16	102	13	bank	bank	NOUN
gujaf-16	102	14	depositors	depositor	NOUN
gujaf-16	102	15	who	who	PRON
gujaf-16	102	16	save	save	VERB
gujaf-16	102	17	on	on	ADP
gujaf-16	102	18	a	a	DET
gujaf-16	102	19	short	short	ADJ
gujaf-16	102	20	-	-	PUNCT
gujaf-16	102	21	term	term	NOUN
gujaf-16	102	22	basis	basis	NOUN
gujaf-16	102	23	and	and	CCONJ
gujaf-16	102	24	expect	expect	VERB
gujaf-16	102	25	higher	high	ADJ
gujaf-16	102	26	saving	saving	NOUN
gujaf-16	102	27	rates	rate	NOUN
gujaf-16	102	28	.	.	PUNCT
gujaf-16	103	1	gdp	gdp	NOUN
gujaf-16	103	2	growth	growth	NOUN
gujaf-16	103	3	rate	rate	NOUN
gujaf-16	103	4	growth	growth	NOUN
gujaf-16	103	5	in	in	ADP
gujaf-16	103	6	real	real	ADJ
gujaf-16	103	7	gross	gross	ADJ
gujaf-16	103	8	domestic	domestic	ADJ
gujaf-16	103	9	product	product	NOUN
gujaf-16	103	10	(	(	PUNCT
gujaf-16	103	11	gdp	gdp	NOUN
gujaf-16	103	12	)	)	PUNCT
gujaf-16	103	13	can	can	AUX
gujaf-16	103	14	be	be	AUX
gujaf-16	103	15	seen	see	VERB
gujaf-16	103	16	as	as	ADP
gujaf-16	103	17	an	an	DET
gujaf-16	103	18	indicator	indicator	NOUN
gujaf-16	103	19	of	of	ADP
gujaf-16	103	20	growth	growth	NOUN
gujaf-16	103	21	opportunities	opportunity	NOUN
gujaf-16	103	22	open	open	ADJ
gujaf-16	103	23	to	to	ADP
gujaf-16	103	24	firms	firm	NOUN
gujaf-16	103	25	in	in	ADP
gujaf-16	103	26	an	an	DET
gujaf-16	103	27	economy	economy	NOUN
gujaf-16	103	28	.	.	PUNCT
gujaf-16	104	1	in	in	ADP
gujaf-16	104	2	a	a	DET
gujaf-16	104	3	sound	sound	ADJ
gujaf-16	104	4	economic	economic	ADJ
gujaf-16	104	5	environment	environment	NOUN
gujaf-16	104	6	,	,	PUNCT
gujaf-16	104	7	lack	lack	NOUN
gujaf-16	104	8	of	of	ADP
gujaf-16	104	9	tangible	tangible	ADJ
gujaf-16	104	10	assets	asset	NOUN
gujaf-16	104	11	of	of	ADP
gujaf-16	104	12	firms	firm	NOUN
gujaf-16	104	13	compared	compare	VERB
gujaf-16	104	14	to	to	ADP
gujaf-16	104	15	the	the	DET
gujaf-16	104	16	available	available	ADJ
gujaf-16	104	17	business	business	NOUN
gujaf-16	104	18	opportunities	opportunity	NOUN
gujaf-16	104	19	means	mean	VERB
gujaf-16	104	20	a	a	DET
gujaf-16	104	21	higher	high	ADJ
gujaf-16	104	22	value	value	NOUN
gujaf-16	104	23	loss	loss	NOUN
gujaf-16	104	24	when	when	SCONJ
gujaf-16	104	25	businesses	business	NOUN
gujaf-16	104	26	are	be	AUX
gujaf-16	104	27	in	in	ADP
gujaf-16	104	28	distress	distress	NOUN
gujaf-16	104	29	.	.	PUNCT
gujaf-16	105	1	the	the	DET
gujaf-16	105	2	trade	trade	NOUN
gujaf-16	105	3	-	-	PUNCT
gujaf-16	105	4	off	off	ADP
gujaf-16	105	5	theory	theory	NOUN
gujaf-16	105	6	therefore	therefore	ADV
gujaf-16	105	7	predicts	predict	VERB
gujaf-16	105	8	that	that	SCONJ
gujaf-16	105	9	there	there	PRON
gujaf-16	105	10	is	be	VERB
gujaf-16	105	11	a	a	DET
gujaf-16	105	12	negative	negative	ADJ
gujaf-16	105	13	relationship	relationship	NOUN
gujaf-16	105	14	between	between	ADP
gujaf-16	105	15	leverage	leverage	NOUN
gujaf-16	105	16	and	and	CCONJ
gujaf-16	105	17	gdp	gdp	NOUN
gujaf-16	105	18	growth	growth	NOUN
gujaf-16	105	19	.	.	PUNCT
gujaf-16	106	1	the	the	DET
gujaf-16	106	2	pecking	pecking	NOUN
gujaf-16	106	3	order	order	NOUN
gujaf-16	106	4	hypothesis	hypothesis	NOUN
gujaf-16	106	5	,	,	PUNCT
gujaf-16	106	6	by	by	ADP
gujaf-16	106	7	comparison	comparison	NOUN
gujaf-16	106	8	,	,	PUNCT
gujaf-16	106	9	predicts	predict	VERB
gujaf-16	106	10	a	a	DET
gujaf-16	106	11	positive	positive	ADJ
gujaf-16	106	12	relationship	relationship	NOUN
gujaf-16	106	13	between	between	ADP
gujaf-16	106	14	debt	debt	NOUN
gujaf-16	106	15	and	and	CCONJ
gujaf-16	106	16	gdp	gdp	NOUN
gujaf-16	106	17	growth	growth	NOUN
gujaf-16	106	18	,	,	PUNCT
gujaf-16	106	19	because	because	SCONJ
gujaf-16	106	20	a	a	DET
gujaf-16	106	21	high	high	ADJ
gujaf-16	106	22	ratio	ratio	NOUN
gujaf-16	106	23	of	of	ADP
gujaf-16	106	24	growth	growth	NOUN
gujaf-16	106	25	opportunities	opportunity	NOUN
gujaf-16	106	26	to	to	ADP
gujaf-16	106	27	internal	internal	ADJ
gujaf-16	106	28	funds	fund	NOUN
gujaf-16	106	29	will	will	AUX
gujaf-16	106	30	suggest	suggest	VERB
gujaf-16	106	31	a	a	DET
gujaf-16	106	32	stronger	strong	ADJ
gujaf-16	106	33	need	need	NOUN
gujaf-16	106	34	for	for	ADP
gujaf-16	106	35	external	external	ADJ
gujaf-16	106	36	funding	funding	NOUN
gujaf-16	106	37	.	.	PUNCT
gujaf-16	107	1	empirical	empirical	ADJ
gujaf-16	107	2	research	research	NOUN
gujaf-16	107	3	commonly	commonly	ADV
gujaf-16	107	4	find	find	VERB
gujaf-16	107	5	an	an	DET
gujaf-16	107	6	adverse	adverse	ADJ
gujaf-16	107	7	connection	connection	NOUN
gujaf-16	107	8	between	between	ADP
gujaf-16	107	9	debt	debt	NOUN
gujaf-16	107	10	and	and	CCONJ
gujaf-16	107	11	gdp	gdp	NOUN
gujaf-16	107	12	growth	growth	NOUN
gujaf-16	107	13	(	(	PUNCT
gujaf-16	107	14	demirgückunt	demirgückunt	NOUN
gujaf-16	107	15	and	and	CCONJ
gujaf-16	107	16	maksimovic	maksimovic	ADJ
gujaf-16	107	17	1996	1996	NUM
gujaf-16	107	18	)	)	PUNCT
gujaf-16	107	19	.	.	PUNCT
gujaf-16	108	1	conversely	conversely	ADV
gujaf-16	108	2	,	,	PUNCT
gujaf-16	108	3	lim	lim	PROPN
gujaf-16	108	4	,	,	PUNCT
gujaf-16	108	5	(	(	PUNCT
gujaf-16	108	6	2012	2012	NUM
gujaf-16	108	7	)	)	PUNCT
gujaf-16	108	8	and	and	CCONJ
gujaf-16	108	9	drobetz	drobetz	VERB
gujaf-16	108	10	et	et	PROPN
gujaf-16	108	11	al	al	PROPN
gujaf-16	108	12	.	.	PROPN
gujaf-16	109	1	(	(	PUNCT
gujaf-16	109	2	2013	2013	NUM
gujaf-16	109	3	)	)	PUNCT
gujaf-16	109	4	find	find	VERB
gujaf-16	109	5	positive	positive	ADJ
gujaf-16	109	6	gdp	gdp	NOUN
gujaf-16	109	7	growth	growth	NOUN
gujaf-16	109	8	debt	debt	NOUN
gujaf-16	109	9	relationship	relationship	NOUN
gujaf-16	109	10	.	.	PUNCT
gujaf-16	110	1	according	accord	VERB
gujaf-16	110	2	to	to	ADP
gujaf-16	110	3	usual	usual	ADJ
gujaf-16	110	4	practice	practice	NOUN
gujaf-16	110	5	,	,	PUNCT
gujaf-16	110	6	we	we	PRON
gujaf-16	110	7	measure	measure	VERB
gujaf-16	110	8	gdp	gdp	NOUN
gujaf-16	110	9	growth	growth	NOUN
gujaf-16	110	10	as	as	ADP
gujaf-16	110	11	annual	annual	ADJ
gujaf-16	110	12	growth	growth	NOUN
gujaf-16	110	13	in	in	ADP
gujaf-16	110	14	real	real	ADJ
gujaf-16	110	15	gdp	gdp	NOUN
gujaf-16	110	16	per	per	ADP
gujaf-16	110	17	annum	annum	NOUN
gujaf-16	110	18	,	,	PUNCT
gujaf-16	110	19	denoted	denote	VERB
gujaf-16	110	20	by	by	ADP
gujaf-16	110	21	gdpg	gdpg	PROPN
gujaf-16	110	22	.	.	PUNCT
gujaf-16	111	1	market	market	NOUN
gujaf-16	111	2	capitalization	capitalization	NOUN
gujaf-16	111	3	to	to	ADP
gujaf-16	111	4	gdp	gdp	NOUN
gujaf-16	111	5	according	accord	VERB
gujaf-16	111	6	to	to	ADP
gujaf-16	111	7	dincergok	dincergok	PROPN
gujaf-16	111	8	&	&	CCONJ
gujaf-16	111	9	yalciner	yalciner	PROPN
gujaf-16	111	10	report	report	PROPN
gujaf-16	111	11	(	(	PUNCT
gujaf-16	111	12	2011	2011	NUM
gujaf-16	111	13	)	)	PUNCT
gujaf-16	111	14	,	,	PUNCT
gujaf-16	111	15	the	the	DET
gujaf-16	111	16	development	development	NOUN
gujaf-16	111	17	of	of	ADP
gujaf-16	111	18	the	the	DET
gujaf-16	111	19	stock	stock	NOUN
gujaf-16	111	20	market	market	NOUN
gujaf-16	111	21	has	have	VERB
gujaf-16	111	22	significant	significant	ADJ
gujaf-16	111	23	connection	connection	NOUN
gujaf-16	111	24	to	to	ADP
gujaf-16	111	25	capital	capital	NOUN
gujaf-16	111	26	structure	structure	NOUN
gujaf-16	111	27	.	.	PUNCT
gujaf-16	112	1	in	in	ADP
gujaf-16	112	2	fact	fact	NOUN
gujaf-16	112	3	,	,	PUNCT
gujaf-16	112	4	market	market	NOUN
gujaf-16	112	5	capitalization	capitalization	NOUN
gujaf-16	112	6	as	as	ADP
gujaf-16	112	7	proxy	proxy	NOUN
gujaf-16	112	8	for	for	ADP
gujaf-16	112	9	the	the	DET
gujaf-16	112	10	growth	growth	NOUN
gujaf-16	112	11	of	of	ADP
gujaf-16	112	12	the	the	DET
gujaf-16	112	13	stock	stock	NOUN
gujaf-16	112	14	market	market	NOUN
gujaf-16	112	15	has	have	VERB
gujaf-16	112	16	positive	positive	ADJ
gujaf-16	112	17	impact	impact	NOUN
gujaf-16	112	18	on	on	ADP
gujaf-16	112	19	capital	capital	NOUN
gujaf-16	112	20	structure	structure	NOUN
gujaf-16	112	21	(	(	PUNCT
gujaf-16	112	22	gajurel	gajurel	NOUN
gujaf-16	112	23	,	,	PUNCT
gujaf-16	112	24	2006	2006	NUM
gujaf-16	112	25	)	)	PUNCT
gujaf-16	112	26	.	.	PUNCT
gujaf-16	113	1	about	about	ADP
gujaf-16	113	2	the	the	DET
gujaf-16	113	3	same	same	ADJ
gujaf-16	113	4	period	period	NOUN
gujaf-16	113	5	bokpin	bokpin	NOUN
gujaf-16	113	6	(	(	PUNCT
gujaf-16	113	7	2009	2009	NUM
gujaf-16	113	8	)	)	PUNCT
gujaf-16	113	9	claims	claim	VERB
gujaf-16	113	10	that	that	SCONJ
gujaf-16	113	11	these	these	DET
gujaf-16	113	12	variables	variable	NOUN
gujaf-16	113	13	have	have	VERB
gujaf-16	113	14	no	no	DET
gujaf-16	113	15	connection	connection	NOUN
gujaf-16	113	16	.	.	PUNCT
gujaf-16	114	1	conversely	conversely	ADV
gujaf-16	114	2	,	,	PUNCT
gujaf-16	114	3	sett	sett	PROPN
gujaf-16	114	4	&	&	CCONJ
gujaf-16	114	5	sarkhel	sarkhel	PROPN
gujaf-16	114	6	(	(	PUNCT
gujaf-16	114	7	2010	2010	NUM
gujaf-16	114	8	)	)	PUNCT
gujaf-16	114	9	considers	consider	VERB
gujaf-16	114	10	an	an	DET
gujaf-16	114	11	adverse	adverse	ADJ
gujaf-16	114	12	connection	connection	NOUN
gujaf-16	114	13	between	between	ADP
gujaf-16	114	14	the	the	DET
gujaf-16	114	15	growth	growth	NOUN
gujaf-16	114	16	of	of	ADP
gujaf-16	114	17	the	the	DET
gujaf-16	114	18	stock	stock	NOUN
gujaf-16	114	19	markets	market	NOUN
gujaf-16	114	20	and	and	CCONJ
gujaf-16	114	21	capital	capital	NOUN
gujaf-16	114	22	srtucture	srtucture	NOUN
gujaf-16	114	23	.	.	PUNCT
gujaf-16	115	1	moreover	moreover	ADV
gujaf-16	115	2	,	,	PUNCT
gujaf-16	115	3	researchers	researcher	NOUN
gujaf-16	115	4	noted	note	VERB
gujaf-16	115	5	that	that	SCONJ
gujaf-16	115	6	the	the	DET
gujaf-16	115	7	impact	impact	NOUN
gujaf-16	115	8	of	of	ADP
gujaf-16	115	9	stock	stock	NOUN
gujaf-16	115	10	market	market	NOUN
gujaf-16	115	11	growth	growth	NOUN
gujaf-16	115	12	on	on	ADP
gujaf-16	115	13	debt	debt	NOUN
gujaf-16	115	14	rates	rate	NOUN
gujaf-16	115	15	of	of	ADP
gujaf-16	115	16	capital	capital	NOUN
gujaf-16	115	17	structure	structure	NOUN
gujaf-16	115	18	in	in	ADP
gujaf-16	115	19	certain	certain	ADJ
gujaf-16	115	20	developing	develop	VERB
gujaf-16	115	21	nations	nation	NOUN
gujaf-16	115	22	with	with	ADP
gujaf-16	115	23	economies	economy	NOUN
gujaf-16	115	24	in	in	ADP
gujaf-16	115	25	transition	transition	NOUN
gujaf-16	115	26	is	be	AUX
gujaf-16	115	27	not	not	PART
gujaf-16	115	28	gujaf	gujaf	NOUN
gujaf-16	115	29	:	:	PUNCT
gujaf-16	115	30	gusau	gusau	PROPN
gujaf-16	115	31	journal	journal	NOUN
gujaf-16	115	32	of	of	ADP
gujaf-16	115	33	accounting	accounting	NOUN
gujaf-16	115	34	and	and	CCONJ
gujaf-16	115	35	finance	finance	NOUN
gujaf-16	115	36	,	,	PUNCT
gujaf-16	115	37	vol	vol	NOUN
gujaf-16	115	38	.	.	PUNCT
gujaf-16	116	1	i	i	PRON
gujaf-16	116	2	,	,	PUNCT
gujaf-16	116	3	issue	issue	NOUN
gujaf-16	116	4	1	1	NUM
gujaf-16	116	5	,	,	PUNCT
gujaf-16	116	6	april	april	PROPN
gujaf-16	116	7	,	,	PUNCT
gujaf-16	116	8	2020	2020	NUM
gujaf-16	116	9	issn	issn	VERB
gujaf-16	116	10	2756	2756	NUM
gujaf-16	116	11	-	-	PUNCT
gujaf-16	116	12	665x	665x	NOUN
gujaf-16	116	13	7	7	NUM
gujaf-16	116	14	clear	clear	ADJ
gujaf-16	116	15	and	and	CCONJ
gujaf-16	116	16	distinct	distinct	ADJ
gujaf-16	116	17	from	from	ADP
gujaf-16	116	18	developed	developed	ADJ
gujaf-16	116	19	ones	one	NOUN
gujaf-16	116	20	.	.	PUNCT
gujaf-16	117	1	the	the	DET
gujaf-16	117	2	study	study	NOUN
gujaf-16	117	3	in	in	ADP
gujaf-16	117	4	developing	develop	VERB
gujaf-16	117	5	nations	nation	NOUN
gujaf-16	117	6	found	find	VERB
gujaf-16	117	7	that	that	SCONJ
gujaf-16	117	8	growth	growth	NOUN
gujaf-16	117	9	of	of	ADP
gujaf-16	117	10	the	the	DET
gujaf-16	117	11	stock	stock	NOUN
gujaf-16	117	12	market	market	NOUN
gujaf-16	117	13	has	have	VERB
gujaf-16	117	14	same	same	ADJ
gujaf-16	117	15	dimensional	dimensional	ADJ
gujaf-16	117	16	connection	connection	NOUN
gujaf-16	117	17	with	with	ADP
gujaf-16	117	18	debt	debt	NOUN
gujaf-16	117	19	.	.	PUNCT
gujaf-16	118	1	this	this	PRON
gujaf-16	118	2	is	be	AUX
gujaf-16	118	3	described	describe	VERB
gujaf-16	118	4	as	as	SCONJ
gujaf-16	118	5	the	the	DET
gujaf-16	118	6	company	company	NOUN
gujaf-16	118	7	risks	risk	NOUN
gujaf-16	118	8	are	be	AUX
gujaf-16	118	9	varied	varied	ADJ
gujaf-16	118	10	,	,	PUNCT
gujaf-16	118	11	and	and	CCONJ
gujaf-16	118	12	asymmetric	asymmetric	ADJ
gujaf-16	118	13	information	information	NOUN
gujaf-16	118	14	decreases	decrease	VERB
gujaf-16	118	15	,	,	PUNCT
gujaf-16	118	16	making	make	VERB
gujaf-16	118	17	firms	firm	NOUN
gujaf-16	118	18	prefer	prefer	VERB
gujaf-16	118	19	more	more	ADJ
gujaf-16	118	20	debt	debt	NOUN
gujaf-16	118	21	because	because	SCONJ
gujaf-16	118	22	the	the	DET
gujaf-16	118	23	debt	debt	NOUN
gujaf-16	118	24	cost	cost	NOUN
gujaf-16	118	25	is	be	AUX
gujaf-16	118	26	lower	low	ADJ
gujaf-16	118	27	than	than	ADP
gujaf-16	118	28	of	of	ADP
gujaf-16	118	29	equity	equity	NOUN
gujaf-16	118	30	.	.	PUNCT
gujaf-16	119	1	3	3	X
gujaf-16	119	2	.	.	X
gujaf-16	119	3	methodology	methodology	NOUN
gujaf-16	119	4	and	and	CCONJ
gujaf-16	119	5	specification	specification	NOUN
gujaf-16	119	6	of	of	ADP
gujaf-16	119	7	models	model	NOUN
gujaf-16	119	8	this	this	DET
gujaf-16	119	9	research	research	NOUN
gujaf-16	119	10	sourced	source	VERB
gujaf-16	119	11	data	datum	NOUN
gujaf-16	119	12	for	for	ADP
gujaf-16	119	13	firm	firm	ADJ
gujaf-16	119	14	specific	specific	ADJ
gujaf-16	119	15	and	and	CCONJ
gujaf-16	119	16	macroeconomic	macroeconomic	ADJ
gujaf-16	119	17	factor	factor	NOUN
gujaf-16	119	18	from	from	ADP
gujaf-16	119	19	the	the	DET
gujaf-16	119	20	data	datum	NOUN
gujaf-16	119	21	stream	stream	NOUN
gujaf-16	119	22	and	and	CCONJ
gujaf-16	119	23	world	world	NOUN
gujaf-16	119	24	development	development	NOUN
gujaf-16	119	25	indicators	indicator	NOUN
gujaf-16	119	26	(	(	PUNCT
gujaf-16	119	27	wdi	wdi	PROPN
gujaf-16	119	28	)	)	PUNCT
gujaf-16	119	29	.	.	PUNCT
gujaf-16	120	1	our	our	PRON
gujaf-16	120	2	sample	sample	NOUN
gujaf-16	120	3	cover	cover	VERB
gujaf-16	120	4	a	a	DET
gujaf-16	120	5	period	period	NOUN
gujaf-16	120	6	between	between	ADP
gujaf-16	120	7	2010	2010	NUM
gujaf-16	120	8	and	and	CCONJ
gujaf-16	120	9	2016	2016	NUM
gujaf-16	120	10	for	for	ADP
gujaf-16	120	11	4,642	4,642	NUM
gujaf-16	120	12	financial	financial	ADJ
gujaf-16	120	13	firm	firm	NOUN
gujaf-16	120	14	across	across	ADP
gujaf-16	120	15	22	22	NUM
gujaf-16	120	16	developing	develop	VERB
gujaf-16	120	17	nations	nation	NOUN
gujaf-16	120	18	.	.	PUNCT
gujaf-16	121	1	the	the	DET
gujaf-16	121	2	study	study	NOUN
gujaf-16	121	3	employed	employ	VERB
gujaf-16	121	4	suitable	suitable	ADJ
gujaf-16	121	5	and	and	CCONJ
gujaf-16	121	6	advanced	advanced	ADJ
gujaf-16	121	7	dynamic	dynamic	ADJ
gujaf-16	121	8	panel	panel	NOUN
gujaf-16	121	9	estimator	estimator	NOUN
gujaf-16	121	10	,	,	PUNCT
gujaf-16	121	11	blundell	blundell	PROPN
gujaf-16	121	12	and	and	CCONJ
gujaf-16	121	13	bond	bond	NOUN
gujaf-16	121	14	's	's	PART
gujaf-16	121	15	(	(	PUNCT
gujaf-16	121	16	1998	1998	NUM
gujaf-16	121	17	)	)	PUNCT
gujaf-16	121	18	generalized	generalized	ADJ
gujaf-16	121	19	methods	method	NOUN
gujaf-16	121	20	of	of	ADP
gujaf-16	121	21	moment	moment	NOUN
gujaf-16	121	22	estimation	estimation	NOUN
gujaf-16	121	23	technique	technique	NOUN
gujaf-16	121	24	(	(	PUNCT
gujaf-16	121	25	2step	2step	NUM
gujaf-16	121	26	system	system	NOUN
gujaf-16	121	27	gmm	gmm	NOUN
gujaf-16	121	28	)	)	PUNCT
gujaf-16	121	29	.	.	PUNCT
gujaf-16	122	1	model	model	NOUN
gujaf-16	122	2	specification	specification	NOUN
gujaf-16	122	3	model	model	NOUN
gujaf-16	122	4	1	1	NUM
gujaf-16	122	5	𝑇𝐷𝑇𝐴𝑖𝑡	𝑇𝐷𝑇𝐴𝑖𝑡	PROPN
gujaf-16	122	6	=	=	SYM
gujaf-16	122	7	𝜆𝑇𝐷𝑇𝐴𝑖𝑡−1	𝜆𝑇𝐷𝑇𝐴𝑖𝑡−1	PROPN
gujaf-16	122	8	+	+	NUM
gujaf-16	122	9	𝛽0	𝛽0	NOUN
gujaf-16	122	10	+	+	CCONJ
gujaf-16	122	11	𝛽1𝑆𝑙𝑜𝑔𝑖𝑡	𝛽1𝑆𝑙𝑜𝑔𝑖𝑡	PROPN
gujaf-16	122	12	+	+	CCONJ
gujaf-16	122	13	𝛽2𝑃𝑅𝐹𝑇𝑆𝑖𝑡	𝛽2𝑃𝑅𝐹𝑇𝑆𝑖𝑡	ADJ
gujaf-16	122	14	+	+	NUM
gujaf-16	122	15	𝛽3𝑀𝑇𝐵	𝛽3𝑀𝑇𝐵	NOUN
gujaf-16	122	16	+	+	NUM
gujaf-16	122	17	𝛽4𝑁𝐷𝑇𝑆𝑖𝑡	𝛽4𝑁𝐷𝑇𝑆𝑖𝑡	NOUN
gujaf-16	122	18	+	+	CCONJ
gujaf-16	122	19	𝛽5𝐼𝑁𝐹𝑖𝑡	𝛽5𝐼𝑁𝐹𝑖𝑡	ADJ
gujaf-16	122	20	+	+	ADJ
gujaf-16	122	21	𝛽6𝐼𝑁𝑇𝑖𝑡	𝛽6𝐼𝑁𝑇𝑖𝑡	NOUN
gujaf-16	122	22	+	+	CCONJ
gujaf-16	122	23	𝛽7𝐺𝐷𝑃𝐺𝑖𝑡	𝛽7𝐺𝐷𝑃𝐺𝑖𝑡	NOUN
gujaf-16	122	24	+	+	NUM
gujaf-16	122	25	𝜙𝑖	𝜙𝑖	X
gujaf-16	122	26	+	+	CCONJ
gujaf-16	122	27	𝛼𝑡	𝛼𝑡	X
gujaf-16	122	28	+	+	NUM
gujaf-16	122	29	𝜇𝑖𝑡	𝜇𝑖𝑡	NOUN
gujaf-16	122	30	model	model	NOUN
gujaf-16	122	31	2	2	NUM
gujaf-16	122	32	𝑇𝐷𝑇𝐴𝑖𝑡	𝑇𝐷𝑇𝐴𝑖𝑡	PROPN
gujaf-16	122	33	=	=	SYM
gujaf-16	122	34	𝜆𝑇𝐷𝑇𝐴𝑖𝑡−1	𝜆𝑇𝐷𝑇𝐴𝑖𝑡−1	PROPN
gujaf-16	122	35	+	+	NUM
gujaf-16	122	36	𝛽0	𝛽0	NOUN
gujaf-16	122	37	+	+	CCONJ
gujaf-16	122	38	𝛽1𝑆𝑙𝑜𝑔𝑖𝑡	𝛽1𝑆𝑙𝑜𝑔𝑖𝑡	PROPN
gujaf-16	122	39	+	+	CCONJ
gujaf-16	122	40	𝛽2𝑃𝑅𝐹𝑇𝑆𝑖𝑡	𝛽2𝑃𝑅𝐹𝑇𝑆𝑖𝑡	ADJ
gujaf-16	122	41	+	+	CCONJ
gujaf-16	122	42	𝛽3𝑀𝑇𝐵𝑖𝑡	𝛽3𝑀𝑇𝐵𝑖𝑡	NOUN
gujaf-16	122	43	+	+	CCONJ
gujaf-16	122	44	𝛽4𝑁𝐷𝑇𝑆𝑖𝑡	𝛽4𝑁𝐷𝑇𝑆𝑖𝑡	NOUN
gujaf-16	122	45	+	+	CCONJ
gujaf-16	122	46	𝛽5𝐼𝑁𝐹𝑖𝑡	𝛽5𝐼𝑁𝐹𝑖𝑡	ADJ
gujaf-16	122	47	+	+	ADJ
gujaf-16	122	48	𝛽6𝐼𝑁𝑇𝑖𝑡	𝛽6𝐼𝑁𝑇𝑖𝑡	NOUN
gujaf-16	122	49	+	+	CCONJ
gujaf-16	122	50	𝛽7𝐺𝐷𝑃𝐺𝑖𝑡	𝛽7𝐺𝐷𝑃𝐺𝑖𝑡	NOUN
gujaf-16	122	51	+	+	CCONJ
gujaf-16	122	52	𝛽8𝑀𝐶𝐺𝐷𝑃𝑖𝑡	𝛽8𝑀𝐶𝐺𝐷𝑃𝑖𝑡	PROPN
gujaf-16	122	53	+	+	NUM
gujaf-16	122	54	𝜙𝑖	𝜙𝑖	X
gujaf-16	122	55	+	+	NOUN
gujaf-16	122	56	𝛼𝑡	𝛼𝑡	X
gujaf-16	122	57	+	+	NUM
gujaf-16	122	58	𝜇𝑖𝑡	𝜇𝑖𝑡	NOUN
gujaf-16	122	59	where	where	SCONJ
gujaf-16	122	60	tdta	tdta	NOUN
gujaf-16	122	61	=	=	PUNCT
gujaf-16	122	62	total	total	ADJ
gujaf-16	122	63	debt	debt	NOUN
gujaf-16	122	64	to	to	ADP
gujaf-16	122	65	total	total	ADJ
gujaf-16	122	66	assets	asset	NOUN
gujaf-16	122	67	slog	slog	ADJ
gujaf-16	122	68	=	=	SYM
gujaf-16	122	69	log	log	NOUN
gujaf-16	122	70	of	of	ADP
gujaf-16	122	71	size	size	NOUN
gujaf-16	122	72	mtb	mtb	NOUN
gujaf-16	122	73	=	=	NOUN
gujaf-16	122	74	market	market	NOUN
gujaf-16	122	75	to	to	ADP
gujaf-16	122	76	book	book	NOUN
gujaf-16	122	77	value	value	NOUN
gujaf-16	122	78	ndts	ndts	NOUN
gujaf-16	122	79	=	=	PUNCT
gujaf-16	122	80	non	non	ADJ
gujaf-16	122	81	debt	debt	NOUN
gujaf-16	122	82	tax	tax	NOUN
gujaf-16	122	83	shield	shield	NOUN
gujaf-16	122	84	prfts	prft	NOUN
gujaf-16	122	85	=	=	PUNCT
gujaf-16	122	86	profits	profit	NOUN
gujaf-16	122	87	inf	inf	NOUN
gujaf-16	122	88	=	=	NOUN
gujaf-16	122	89	inflation	inflation	NOUN
gujaf-16	122	90	rate	rate	NOUN
gujaf-16	122	91	int	int	NOUN
gujaf-16	122	92	=	=	NOUN
gujaf-16	122	93	interest	interest	NOUN
gujaf-16	122	94	rate	rate	NOUN
gujaf-16	122	95	gdpg	gdpg	PROPN
gujaf-16	122	96	=	=	PUNCT
gujaf-16	122	97	gross	gross	ADJ
gujaf-16	122	98	domestic	domestic	ADJ
gujaf-16	122	99	product	product	NOUN
gujaf-16	122	100	growth	growth	NOUN
gujaf-16	122	101	mcgdp	mcgdp	NOUN
gujaf-16	122	102	=	=	NOUN
gujaf-16	122	103	market	market	NOUN
gujaf-16	122	104	capitalization	capitalization	NOUN
gujaf-16	122	105	to	to	ADP
gujaf-16	122	106	gross	gross	ADJ
gujaf-16	122	107	domestic	domestic	ADJ
gujaf-16	122	108	product	product	NOUN
gujaf-16	122	109	øi	øi	ADP
gujaf-16	122	110	=	=	PUNCT
gujaf-16	122	111	industry	industry	NOUN
gujaf-16	122	112	effects	effect	NOUN
gujaf-16	122	113	αt	αt	NOUN
gujaf-16	122	114	=	=	NOUN
gujaf-16	122	115	year	year	NOUN
gujaf-16	122	116	fixed	fix	VERB
gujaf-16	122	117	effects	effect	NOUN
gujaf-16	122	118	λ	λ	NOUN
gujaf-16	122	119	=	=	SYM
gujaf-16	122	120	adjustment	adjustment	NOUN
gujaf-16	122	121	parameter	parameter	NOUN
gujaf-16	122	122	µ	µ	NOUN
gujaf-16	122	123	=	=	NOUN
gujaf-16	122	124	error	error	NOUN
gujaf-16	122	125	term	term	NOUN
gujaf-16	122	126	4	4	NUM
gujaf-16	122	127	.	.	NOUN
gujaf-16	122	128	results	result	NOUN
gujaf-16	122	129	and	and	CCONJ
gujaf-16	122	130	discussion	discussion	NOUN
gujaf-16	122	131	critical	critical	ADJ
gujaf-16	122	132	examination	examination	NOUN
gujaf-16	122	133	of	of	ADP
gujaf-16	122	134	descriptive	descriptive	ADJ
gujaf-16	122	135	statistics	statistic	NOUN
gujaf-16	122	136	in	in	ADP
gujaf-16	122	137	table	table	NOUN
gujaf-16	122	138	5a	5a	NUM
gujaf-16	122	139	for	for	ADP
gujaf-16	122	140	dependent	dependent	ADJ
gujaf-16	122	141	variables	variable	NOUN
gujaf-16	122	142	and	and	CCONJ
gujaf-16	122	143	independent	independent	ADJ
gujaf-16	122	144	variables	variable	NOUN
gujaf-16	122	145	reveal	reveal	VERB
gujaf-16	122	146	some	some	DET
gujaf-16	122	147	vital	vital	ADJ
gujaf-16	122	148	information	information	NOUN
gujaf-16	122	149	.	.	PUNCT
gujaf-16	123	1	as	as	SCONJ
gujaf-16	123	2	can	can	AUX
gujaf-16	123	3	be	be	AUX
gujaf-16	123	4	seen	see	VERB
gujaf-16	123	5	from	from	ADP
gujaf-16	123	6	the	the	DET
gujaf-16	123	7	gujaf	gujaf	NOUN
gujaf-16	123	8	:	:	PUNCT
gujaf-16	123	9	gusau	gusau	PROPN
gujaf-16	123	10	journal	journal	NOUN
gujaf-16	123	11	of	of	ADP
gujaf-16	123	12	accounting	accounting	NOUN
gujaf-16	123	13	and	and	CCONJ
gujaf-16	123	14	finance	finance	NOUN
gujaf-16	123	15	,	,	PUNCT
gujaf-16	123	16	vol	vol	NOUN
gujaf-16	123	17	.	.	PUNCT
gujaf-16	124	1	i	i	PRON
gujaf-16	124	2	,	,	PUNCT
gujaf-16	124	3	issue	issue	NOUN
gujaf-16	124	4	1	1	NUM
gujaf-16	124	5	,	,	PUNCT
gujaf-16	124	6	april	april	PROPN
gujaf-16	124	7	,	,	PUNCT
gujaf-16	124	8	2020	2020	NUM
gujaf-16	124	9	issn	issn	VERB
gujaf-16	124	10	2756	2756	NUM
gujaf-16	124	11	-	-	PUNCT
gujaf-16	124	12	665x	665x	NOUN
gujaf-16	124	13	8	8	NUM
gujaf-16	124	14	entire	entire	ADJ
gujaf-16	124	15	firm	firm	ADJ
gujaf-16	124	16	level	level	NOUN
gujaf-16	124	17	variables	variable	NOUN
gujaf-16	124	18	,	,	PUNCT
gujaf-16	124	19	the	the	DET
gujaf-16	124	20	mean	mean	NOUN
gujaf-16	124	21	is	be	AUX
gujaf-16	124	22	greater	great	ADJ
gujaf-16	124	23	than	than	ADP
gujaf-16	124	24	the	the	DET
gujaf-16	124	25	median	median	NOUN
gujaf-16	124	26	,	,	PUNCT
gujaf-16	124	27	except	except	SCONJ
gujaf-16	124	28	for	for	ADP
gujaf-16	124	29	gdpg	gdpg	ADJ
gujaf-16	124	30	variable	variable	NOUN
gujaf-16	124	31	.	.	PUNCT
gujaf-16	125	1	thus	thus	ADV
gujaf-16	125	2	,	,	PUNCT
gujaf-16	125	3	the	the	DET
gujaf-16	125	4	data	data	NOUN
gujaf-16	125	5	is	be	AUX
gujaf-16	125	6	mostly	mostly	ADV
gujaf-16	125	7	characterized	characterize	VERB
gujaf-16	125	8	by	by	ADP
gujaf-16	125	9	positive	positive	ADJ
gujaf-16	125	10	skewness	skewness	NOUN
gujaf-16	125	11	.	.	PUNCT
gujaf-16	126	1	based	base	VERB
gujaf-16	126	2	on	on	ADP
gujaf-16	126	3	the	the	DET
gujaf-16	126	4	mean	mean	ADJ
gujaf-16	126	5	values	value	NOUN
gujaf-16	126	6	of	of	ADP
gujaf-16	126	7	tdta	tdta	NOUN
gujaf-16	126	8	(	(	PUNCT
gujaf-16	126	9	3.18	3.18	NUM
gujaf-16	126	10	)	)	PUNCT
gujaf-16	126	11	,	,	PUNCT
gujaf-16	126	12	it	it	PRON
gujaf-16	126	13	can	can	AUX
gujaf-16	126	14	be	be	AUX
gujaf-16	126	15	deduced	deduce	VERB
gujaf-16	126	16	that	that	SCONJ
gujaf-16	126	17	firms	firm	NOUN
gujaf-16	126	18	in	in	ADP
gujaf-16	126	19	developing	develop	VERB
gujaf-16	126	20	countries	country	NOUN
gujaf-16	126	21	prefer	prefer	VERB
gujaf-16	126	22	debt	debt	NOUN
gujaf-16	126	23	in	in	ADP
gujaf-16	126	24	their	their	PRON
gujaf-16	126	25	capital	capital	NOUN
gujaf-16	126	26	structure	structure	NOUN
gujaf-16	126	27	.	.	PUNCT
gujaf-16	127	1	moreover	moreover	ADV
gujaf-16	127	2	,	,	PUNCT
gujaf-16	127	3	standard	standard	ADJ
gujaf-16	127	4	deviation	deviation	NOUN
gujaf-16	127	5	of	of	ADP
gujaf-16	127	6	tdta	tdta	NOUN
gujaf-16	127	7	is	be	AUX
gujaf-16	127	8	fairly	fairly	ADV
gujaf-16	127	9	high	high	ADJ
gujaf-16	127	10	.	.	PUNCT
gujaf-16	128	1	this	this	PRON
gujaf-16	128	2	implies	imply	VERB
gujaf-16	128	3	that	that	SCONJ
gujaf-16	128	4	on	on	ADP
gujaf-16	128	5	average	average	ADJ
gujaf-16	128	6	,	,	PUNCT
gujaf-16	128	7	firms	firm	NOUN
gujaf-16	128	8	in	in	ADP
gujaf-16	128	9	developing	develop	VERB
gujaf-16	128	10	countries	country	NOUN
gujaf-16	128	11	do	do	AUX
gujaf-16	128	12	not	not	PART
gujaf-16	128	13	reflect	reflect	VERB
gujaf-16	128	14	large	large	ADJ
gujaf-16	128	15	differences	difference	NOUN
gujaf-16	128	16	in	in	ADP
gujaf-16	128	17	their	their	PRON
gujaf-16	128	18	total	total	ADJ
gujaf-16	128	19	debt	debt	NOUN
gujaf-16	128	20	holdings	holding	NOUN
gujaf-16	128	21	when	when	SCONJ
gujaf-16	128	22	the	the	DET
gujaf-16	128	23	debt	debt	NOUN
gujaf-16	128	24	measures	measure	NOUN
gujaf-16	128	25	are	be	AUX
gujaf-16	128	26	scaled	scale	VERB
gujaf-16	128	27	by	by	ADP
gujaf-16	128	28	total	total	ADJ
gujaf-16	128	29	assets	asset	NOUN
gujaf-16	128	30	.	.	PUNCT
gujaf-16	129	1	inflation	inflation	NOUN
gujaf-16	129	2	rates	rate	NOUN
gujaf-16	129	3	and	and	CCONJ
gujaf-16	129	4	interest	interest	NOUN
gujaf-16	129	5	rates	rate	NOUN
gujaf-16	129	6	means	mean	VERB
gujaf-16	129	7	is	be	AUX
gujaf-16	129	8	6.22	6.22	NUM
gujaf-16	129	9	and	and	CCONJ
gujaf-16	129	10	10.45	10.45	NUM
gujaf-16	129	11	respectively	respectively	ADV
gujaf-16	129	12	.	.	PUNCT
gujaf-16	130	1	the	the	DET
gujaf-16	130	2	disparity	disparity	NOUN
gujaf-16	130	3	in	in	ADP
gujaf-16	130	4	inflation	inflation	NOUN
gujaf-16	130	5	rate	rate	NOUN
gujaf-16	130	6	and	and	CCONJ
gujaf-16	130	7	interest	interest	NOUN
gujaf-16	130	8	rate	rate	NOUN
gujaf-16	130	9	ranges	range	VERB
gujaf-16	130	10	from	from	ADP
gujaf-16	130	11	-0.90	-0.90	NUM
gujaf-16	130	12	and	and	CCONJ
gujaf-16	130	13	3.42	3.42	NUM
gujaf-16	130	14	(	(	PUNCT
gujaf-16	130	15	minimum	minimum	NOUN
gujaf-16	130	16	value	value	NOUN
gujaf-16	130	17	)	)	PUNCT
gujaf-16	130	18	for	for	ADP
gujaf-16	130	19	some	some	DET
gujaf-16	130	20	firms	firm	NOUN
gujaf-16	130	21	and	and	CCONJ
gujaf-16	130	22	17.45	17.45	NUM
gujaf-16	130	23	and	and	CCONJ
gujaf-16	130	24	52.1	52.1	NUM
gujaf-16	130	25	(	(	PUNCT
gujaf-16	130	26	maximum	maximum	ADJ
gujaf-16	130	27	value	value	NOUN
gujaf-16	130	28	)	)	PUNCT
gujaf-16	130	29	for	for	ADP
gujaf-16	130	30	other	other	ADJ
gujaf-16	130	31	firms	firm	NOUN
gujaf-16	130	32	.	.	PUNCT
gujaf-16	131	1	thus	thus	ADV
gujaf-16	131	2	,	,	PUNCT
gujaf-16	131	3	the	the	DET
gujaf-16	131	4	disparity	disparity	NOUN
gujaf-16	131	5	between	between	ADP
gujaf-16	131	6	inflation	inflation	NOUN
gujaf-16	131	7	rates	rate	NOUN
gujaf-16	131	8	and	and	CCONJ
gujaf-16	131	9	interest	interest	NOUN
gujaf-16	131	10	rate	rate	NOUN
gujaf-16	131	11	implies	imply	VERB
gujaf-16	131	12	that	that	SCONJ
gujaf-16	131	13	some	some	DET
gujaf-16	131	14	developing	develop	VERB
gujaf-16	131	15	countries	country	NOUN
gujaf-16	131	16	,	,	PUNCT
gujaf-16	131	17	firms	firm	NOUN
gujaf-16	131	18	are	be	AUX
gujaf-16	131	19	faced	face	VERB
gujaf-16	131	20	with	with	ADP
gujaf-16	131	21	higher	high	ADJ
gujaf-16	131	22	inflation	inflation	NOUN
gujaf-16	131	23	and	and	CCONJ
gujaf-16	131	24	interest	interest	NOUN
gujaf-16	131	25	rates	rate	NOUN
gujaf-16	131	26	than	than	ADP
gujaf-16	131	27	others	other	NOUN
gujaf-16	131	28	in	in	ADP
gujaf-16	131	29	developing	develop	VERB
gujaf-16	131	30	nations	nation	NOUN
gujaf-16	131	31	.	.	PUNCT
gujaf-16	132	1	however	however	ADV
gujaf-16	132	2	,	,	PUNCT
gujaf-16	132	3	firms	firm	NOUN
gujaf-16	132	4	faced	face	VERB
gujaf-16	132	5	with	with	ADP
gujaf-16	132	6	higher	high	ADJ
gujaf-16	132	7	inflation	inflation	NOUN
gujaf-16	132	8	and	and	CCONJ
gujaf-16	132	9	interest	interest	NOUN
gujaf-16	132	10	rate	rate	NOUN
gujaf-16	132	11	may	may	AUX
gujaf-16	132	12	make	make	VERB
gujaf-16	132	13	less	less	ADV
gujaf-16	132	14	effective	effective	ADJ
gujaf-16	132	15	capital	capital	NOUN
gujaf-16	132	16	structure	structure	NOUN
gujaf-16	132	17	decision	decision	NOUN
gujaf-16	132	18	than	than	ADP
gujaf-16	132	19	other	other	ADJ
gujaf-16	132	20	firms	firm	NOUN
gujaf-16	132	21	with	with	ADP
gujaf-16	132	22	lesser	less	ADJ
gujaf-16	132	23	rates	rate	NOUN
gujaf-16	132	24	of	of	ADP
gujaf-16	132	25	inflation	inflation	NOUN
gujaf-16	132	26	and	and	CCONJ
gujaf-16	132	27	interest	interest	NOUN
gujaf-16	132	28	.	.	PUNCT
gujaf-16	133	1	table	table	NOUN
gujaf-16	133	2	1	1	NUM
gujaf-16	133	3	summary	summary	NOUN
gujaf-16	133	4	of	of	ADP
gujaf-16	133	5	descriptive	descriptive	ADJ
gujaf-16	133	6	statistics	statistic	NOUN
gujaf-16	133	7	source	source	NOUN
gujaf-16	133	8	:	:	PUNCT
gujaf-16	133	9	authors	author	NOUN
gujaf-16	133	10	computation	computation	VERB
gujaf-16	133	11	using	use	VERB
gujaf-16	133	12	stata	stata	NOUN
gujaf-16	133	13	14	14	NUM
gujaf-16	133	14	,	,	PUNCT
gujaf-16	133	15	2020	2020	NUM
gujaf-16	133	16	with	with	ADP
gujaf-16	133	17	respect	respect	NOUN
gujaf-16	133	18	to	to	ADP
gujaf-16	133	19	gdpg	gdpg	NOUN
gujaf-16	133	20	and	and	CCONJ
gujaf-16	133	21	mcgdp	mcgdp	NOUN
gujaf-16	133	22	,	,	PUNCT
gujaf-16	133	23	the	the	DET
gujaf-16	133	24	results	result	NOUN
gujaf-16	133	25	indicate	indicate	VERB
gujaf-16	133	26	that	that	SCONJ
gujaf-16	133	27	the	the	DET
gujaf-16	133	28	mean	mean	NOUN
gujaf-16	133	29	is	be	AUX
gujaf-16	133	30	5.79	5.79	NUM
gujaf-16	133	31	and	and	CCONJ
gujaf-16	133	32	76.35	76.35	NUM
gujaf-16	133	33	respectively	respectively	ADV
gujaf-16	133	34	.	.	PUNCT
gujaf-16	134	1	the	the	DET
gujaf-16	134	2	difference	difference	NOUN
gujaf-16	134	3	between	between	ADP
gujaf-16	134	4	gdpg	gdpg	NOUN
gujaf-16	134	5	and	and	CCONJ
gujaf-16	134	6	mcgdp	mcgdp	NOUN
gujaf-16	134	7	ranges	range	VERB
gujaf-16	134	8	from	from	ADP
gujaf-16	134	9	-3.54	-3.54	PUNCT
gujaf-16	134	10	and	and	CCONJ
gujaf-16	134	11	7.46	7.46	NUM
gujaf-16	134	12	(	(	PUNCT
gujaf-16	134	13	minimum	minimum	NOUN
gujaf-16	134	14	value	value	NOUN
gujaf-16	134	15	)	)	PUNCT
gujaf-16	134	16	for	for	ADP
gujaf-16	134	17	some	some	DET
gujaf-16	134	18	firms	firm	NOUN
gujaf-16	134	19	and	and	CCONJ
gujaf-16	134	20	14.04	14.04	NUM
gujaf-16	134	21	and	and	CCONJ
gujaf-16	134	22	270.19	270.19	NUM
gujaf-16	134	23	(	(	PUNCT
gujaf-16	134	24	maximum	maximum	ADJ
gujaf-16	134	25	value	value	NOUN
gujaf-16	134	26	)	)	PUNCT
gujaf-16	134	27	for	for	ADP
gujaf-16	134	28	other	other	ADJ
gujaf-16	134	29	firms	firm	NOUN
gujaf-16	134	30	.	.	PUNCT
gujaf-16	135	1	hence	hence	ADV
gujaf-16	135	2	,	,	PUNCT
gujaf-16	135	3	the	the	DET
gujaf-16	135	4	difference	difference	NOUN
gujaf-16	135	5	between	between	ADP
gujaf-16	135	6	gdpg	gdpg	NOUN
gujaf-16	135	7	and	and	CCONJ
gujaf-16	135	8	mcgdp	mcgdp	NOUN
gujaf-16	135	9	implies	imply	VERB
gujaf-16	135	10	that	that	SCONJ
gujaf-16	135	11	index	index	NOUN
gujaf-16	135	12	tdt	tdt	PROPN
gujaf-16	135	13	sllog	sllog	PROPN
gujaf-16	135	14	prft	prft	PROPN
gujaf-16	135	15	mtb	mtb	PROPN
gujaf-16	135	16	ndts	ndts	PROPN
gujaf-16	135	17	inf	inf	PROPN
gujaf-16	135	18	int	int	PROPN
gujaf-16	135	19	gdp	gdp	NOUN
gujaf-16	135	20	g	g	PROPN
gujaf-16	135	21	mcgd	mcgd	ADV
gujaf-16	135	22	mean	mean	VERB
gujaf-16	136	1	3.18	3.18	NUM
gujaf-16	136	2	1	1	NUM
gujaf-16	136	3	14.84	14.84	NUM
gujaf-16	136	4	9	9	NUM
gujaf-16	136	5	0.062	0.062	NUM
gujaf-16	136	6	2.006	2.006	NUM
gujaf-16	136	7	0.076	0.076	NUM
gujaf-16	136	8	6.223	6.223	NUM
gujaf-16	136	9	10.45	10.45	NUM
gujaf-16	136	10	8	8	NUM
gujaf-16	136	11	5.792	5.792	NUM
gujaf-16	136	12	76.357	76.357	NUM
gujaf-16	136	13	median	median	NOUN
gujaf-16	136	14	2.96	2.96	NUM
gujaf-16	136	15	0	0	NUM
gujaf-16	136	16	14.68	14.68	NUM
gujaf-16	136	17	6	6	NUM
gujaf-16	136	18	0.070	0.070	NUM
gujaf-16	136	19	1.100	1.100	NUM
gujaf-16	136	20	0.055	0.055	NUM
gujaf-16	136	21	6.217	6.217	NUM
gujaf-16	136	22	10.00	10.00	NUM
gujaf-16	136	23	8	8	NUM
gujaf-16	136	24	6.066	6.066	NUM
gujaf-16	136	25	67.464	67.464	NUM
gujaf-16	136	26	max	max	PROPN
gujaf-16	136	27	8.99	8.99	NUM
gujaf-16	136	28	0	0	NUM
gujaf-16	136	29	26.03	26.03	NUM
gujaf-16	136	30	0	0	NUM
gujaf-16	136	31	19.61	19.61	NUM
gujaf-16	136	32	9	9	NUM
gujaf-16	136	33	233.0	233.0	NUM
gujaf-16	136	34	9	9	NUM
gujaf-16	136	35	857.5	857.5	NUM
gujaf-16	136	36	17.45	17.45	NUM
gujaf-16	136	37	4	4	NUM
gujaf-16	136	38	52.1	52.1	NUM
gujaf-16	136	39	14.04	14.04	NUM
gujaf-16	136	40	7	7	NUM
gujaf-16	136	41	270.19	270.19	NUM
gujaf-16	136	42	7	7	NUM
gujaf-16	136	43	min	min	NOUN
gujaf-16	136	44	0.00	0.00	NUM
gujaf-16	136	45	0	0	NUM
gujaf-16	136	46	0.000	0.000	NUM
gujaf-16	136	47	-5.621	-5.621	NOUN
gujaf-16	136	48	-69.7	-69.7	NOUN
gujaf-16	136	49	0.000	0.000	NUM
gujaf-16	136	50	-0.900	-0.900	NOUN
gujaf-16	136	51	3.422	3.422	NUM
gujaf-16	136	52	-3.549	-3.549	NOUN
gujaf-16	136	53	7.462	7.462	NUM
gujaf-16	136	54	std	std	NOUN
gujaf-16	136	55	.	.	PUNCT
gujaf-16	136	56	dev	dev	PROPN
gujaf-16	136	57	.	.	PROPN
gujaf-16	137	1	2.10	2.10	NUM
gujaf-16	137	2	4	4	NUM
gujaf-16	137	3	2.966	2.966	NUM
gujaf-16	137	4	0.196	0.196	NUM
gujaf-16	137	5	5.347	5.347	NUM
gujaf-16	137	6	4.756	4.756	NUM
gujaf-16	137	7	3.284	3.284	NUM
gujaf-16	137	8	6.677	6.677	NUM
gujaf-16	137	9	2.432	2.432	NUM
gujaf-16	137	10	46.763	46.763	NUM
gujaf-16	137	11	skewnes	skewne	NOUN
gujaf-16	137	12	s	s	PART
gujaf-16	137	13	0.48	0.48	NUM
gujaf-16	137	14	3	3	NUM
gujaf-16	137	15	0.396	0.396	NUM
gujaf-16	137	16	43.53	43.53	NUM
gujaf-16	137	17	1	1	NUM
gujaf-16	137	18	13.15	13.15	NUM
gujaf-16	137	19	8	8	NUM
gujaf-16	137	20	179.28	179.28	NUM
gujaf-16	137	21	9	9	NUM
gujaf-16	137	22	0.215	0.215	NUM
gujaf-16	137	23	3.558	3.558	NUM
gujaf-16	137	24	-0.655	-0.655	NUM
gujaf-16	137	25	1.662	1.662	NUM
gujaf-16	137	26	gujaf	gujaf	NOUN
gujaf-16	137	27	:	:	PUNCT
gujaf-16	137	28	gusau	gusau	PROPN
gujaf-16	137	29	journal	journal	NOUN
gujaf-16	137	30	of	of	ADP
gujaf-16	137	31	accounting	accounting	NOUN
gujaf-16	137	32	and	and	CCONJ
gujaf-16	137	33	finance	finance	NOUN
gujaf-16	137	34	,	,	PUNCT
gujaf-16	137	35	vol	vol	NOUN
gujaf-16	137	36	.	.	PUNCT
gujaf-16	138	1	i	i	PRON
gujaf-16	138	2	,	,	PUNCT
gujaf-16	138	3	issue	issue	NOUN
gujaf-16	138	4	1	1	NUM
gujaf-16	138	5	,	,	PUNCT
gujaf-16	138	6	april	april	PROPN
gujaf-16	138	7	,	,	PUNCT
gujaf-16	138	8	2020	2020	NUM
gujaf-16	138	9	issn	issn	VERB
gujaf-16	138	10	2756	2756	NUM
gujaf-16	138	11	-	-	PUNCT
gujaf-16	138	12	665x	665x	NOUN
gujaf-16	138	13	9	9	NUM
gujaf-16	138	14	some	some	DET
gujaf-16	138	15	developing	develop	VERB
gujaf-16	138	16	countries	country	NOUN
gujaf-16	138	17	firms	firm	NOUN
gujaf-16	138	18	are	be	AUX
gujaf-16	138	19	having	have	VERB
gujaf-16	138	20	better	well	ADJ
gujaf-16	138	21	economic	economic	ADJ
gujaf-16	138	22	conditions	condition	NOUN
gujaf-16	138	23	in	in	ADP
gujaf-16	138	24	their	their	PRON
gujaf-16	138	25	countries	country	NOUN
gujaf-16	138	26	than	than	ADP
gujaf-16	138	27	other	other	ADJ
gujaf-16	138	28	firms	firm	NOUN
gujaf-16	138	29	’	'	PUNCT
gujaf-16	138	30	developing	develop	VERB
gujaf-16	138	31	countries	country	NOUN
gujaf-16	138	32	.	.	PUNCT
gujaf-16	139	1	however	however	ADV
gujaf-16	139	2	,	,	PUNCT
gujaf-16	139	3	firms	firm	NOUN
gujaf-16	139	4	with	with	ADP
gujaf-16	139	5	better	well	ADJ
gujaf-16	139	6	economic	economic	ADJ
gujaf-16	139	7	conditions	condition	NOUN
gujaf-16	139	8	could	could	AUX
gujaf-16	139	9	make	make	VERB
gujaf-16	139	10	effective	effective	ADJ
gujaf-16	139	11	capital	capital	NOUN
gujaf-16	139	12	structure	structure	NOUN
gujaf-16	139	13	decision	decision	NOUN
gujaf-16	139	14	than	than	ADP
gujaf-16	139	15	firms	firm	NOUN
gujaf-16	139	16	with	with	ADP
gujaf-16	139	17	lesser	less	ADJ
gujaf-16	139	18	economic	economic	ADJ
gujaf-16	139	19	conditions	condition	NOUN
gujaf-16	139	20	.	.	PUNCT
gujaf-16	140	1	correlation	correlation	NOUN
gujaf-16	140	2	results	result	NOUN
gujaf-16	140	3	for	for	ADP
gujaf-16	140	4	model	model	NOUN
gujaf-16	140	5	1	1	NUM
gujaf-16	140	6	and	and	CCONJ
gujaf-16	140	7	2	2	NUM
gujaf-16	140	8	table	table	NOUN
gujaf-16	140	9	5b	5b	NOUN
gujaf-16	140	10	present	present	VERB
gujaf-16	140	11	the	the	DET
gujaf-16	140	12	correlation	correlation	NOUN
gujaf-16	140	13	coefficient	coefficient	NOUN
gujaf-16	140	14	among	among	ADP
gujaf-16	140	15	total	total	ADJ
gujaf-16	140	16	debts	debt	NOUN
gujaf-16	140	17	to	to	ADP
gujaf-16	140	18	total	total	ADJ
gujaf-16	140	19	assets	asset	NOUN
gujaf-16	140	20	(	(	PUNCT
gujaf-16	140	21	tdta	tdta	NOUN
gujaf-16	140	22	)	)	PUNCT
gujaf-16	140	23	and	and	CCONJ
gujaf-16	140	24	inflation	inflation	NOUN
gujaf-16	140	25	and	and	CCONJ
gujaf-16	140	26	interest	interest	NOUN
gujaf-16	140	27	rates	rate	NOUN
gujaf-16	140	28	are	be	AUX
gujaf-16	140	29	statistically	statistically	ADV
gujaf-16	140	30	significant	significant	ADJ
gujaf-16	140	31	and	and	CCONJ
gujaf-16	140	32	positive	positive	ADJ
gujaf-16	140	33	(	(	PUNCT
gujaf-16	140	34	0.09	0.09	NUM
gujaf-16	140	35	and	and	CCONJ
gujaf-16	140	36	0.07	0.07	NUM
gujaf-16	140	37	)	)	PUNCT
gujaf-16	140	38	.	.	PUNCT
gujaf-16	141	1	similarly	similarly	ADV
gujaf-16	141	2	,	,	PUNCT
gujaf-16	141	3	the	the	DET
gujaf-16	141	4	correlation	correlation	NOUN
gujaf-16	141	5	coefficient	coefficient	NOUN
gujaf-16	141	6	between	between	ADP
gujaf-16	141	7	the	the	DET
gujaf-16	141	8	total	total	ADJ
gujaf-16	141	9	debts	debt	NOUN
gujaf-16	141	10	to	to	ADP
gujaf-16	141	11	total	total	ADJ
gujaf-16	141	12	assets	asset	NOUN
gujaf-16	141	13	and	and	CCONJ
gujaf-16	141	14	gdp	gdp	NOUN
gujaf-16	141	15	growth	growth	NOUN
gujaf-16	141	16	and	and	CCONJ
gujaf-16	141	17	market	market	NOUN
gujaf-16	141	18	capitalization	capitalization	NOUN
gujaf-16	141	19	to	to	ADP
gujaf-16	141	20	gross	gross	ADJ
gujaf-16	141	21	domestic	domestic	ADJ
gujaf-16	141	22	product	product	NOUN
gujaf-16	141	23	are	be	AUX
gujaf-16	141	24	statistically	statistically	ADV
gujaf-16	141	25	significant	significant	ADJ
gujaf-16	141	26	and	and	CCONJ
gujaf-16	141	27	positive	positive	ADJ
gujaf-16	141	28	(	(	PUNCT
gujaf-16	141	29	0.05	0.05	NUM
gujaf-16	141	30	and	and	CCONJ
gujaf-16	141	31	0.01	0.01	NUM
gujaf-16	141	32	)	)	PUNCT
gujaf-16	141	33	respectively	respectively	ADV
gujaf-16	141	34	.	.	PUNCT
gujaf-16	142	1	this	this	PRON
gujaf-16	142	2	suggests	suggest	VERB
gujaf-16	142	3	that	that	SCONJ
gujaf-16	142	4	as	as	SCONJ
gujaf-16	142	5	the	the	DET
gujaf-16	142	6	economy	economy	NOUN
gujaf-16	142	7	increases	increase	VERB
gujaf-16	142	8	with	with	ADP
gujaf-16	142	9	better	well	ADJ
gujaf-16	142	10	condition	condition	NOUN
gujaf-16	142	11	,	,	PUNCT
gujaf-16	142	12	debt	debt	NOUN
gujaf-16	142	13	increases	increase	NOUN
gujaf-16	142	14	.	.	PUNCT
gujaf-16	143	1	moreover	moreover	ADV
gujaf-16	143	2	,	,	PUNCT
gujaf-16	143	3	the	the	DET
gujaf-16	143	4	correlation	correlation	NOUN
gujaf-16	143	5	coefficient	coefficient	NOUN
gujaf-16	143	6	between	between	ADP
gujaf-16	143	7	tdta	tdta	NOUN
gujaf-16	143	8	and	and	CCONJ
gujaf-16	143	9	firm	firm	ADJ
gujaf-16	143	10	size	size	NOUN
gujaf-16	143	11	is	be	AUX
gujaf-16	143	12	statistically	statistically	ADV
gujaf-16	143	13	positive	positive	ADJ
gujaf-16	143	14	and	and	CCONJ
gujaf-16	143	15	significant	significant	ADJ
gujaf-16	143	16	(	(	PUNCT
gujaf-16	143	17	0.07	0.07	NUM
gujaf-16	143	18	)	)	PUNCT
gujaf-16	143	19	.	.	PUNCT
gujaf-16	144	1	likewise	likewise	ADV
gujaf-16	144	2	,	,	PUNCT
gujaf-16	144	3	the	the	DET
gujaf-16	144	4	correlation	correlation	NOUN
gujaf-16	144	5	coefficient	coefficient	NOUN
gujaf-16	144	6	between	between	ADP
gujaf-16	144	7	tdta	tdta	NOUN
gujaf-16	144	8	and	and	CCONJ
gujaf-16	144	9	profits	profit	NOUN
gujaf-16	144	10	is	be	AUX
gujaf-16	144	11	statistically	statistically	ADV
gujaf-16	144	12	significant	significant	ADJ
gujaf-16	144	13	and	and	CCONJ
gujaf-16	144	14	positive	positive	ADJ
gujaf-16	144	15	(	(	PUNCT
gujaf-16	144	16	0.05	0.05	NUM
gujaf-16	144	17	)	)	PUNCT
gujaf-16	144	18	.	.	PUNCT
gujaf-16	145	1	this	this	PRON
gujaf-16	145	2	suggest	suggest	VERB
gujaf-16	145	3	that	that	SCONJ
gujaf-16	145	4	as	as	ADP
gujaf-16	145	5	firm	firm	ADJ
gujaf-16	145	6	size	size	NOUN
gujaf-16	145	7	and	and	CCONJ
gujaf-16	145	8	profits	profit	NOUN
gujaf-16	145	9	increases	increase	NOUN
gujaf-16	145	10	,	,	PUNCT
gujaf-16	145	11	debt	debt	NOUN
gujaf-16	145	12	increases	increase	NOUN
gujaf-16	145	13	.	.	PUNCT
gujaf-16	146	1	table	table	NOUN
gujaf-16	146	2	2	2	NUM
gujaf-16	146	3	.	.	PUNCT
gujaf-16	146	4	correlation	correlation	NOUN
gujaf-16	146	5	results	result	NOUN
gujaf-16	146	6	for	for	ADP
gujaf-16	146	7	objective	objective	ADJ
gujaf-16	146	8	one	one	NUM
gujaf-16	146	9	(	(	PUNCT
gujaf-16	146	10	equation	equation	NOUN
gujaf-16	146	11	1	1	NUM
gujaf-16	146	12	and	and	CCONJ
gujaf-16	146	13	2	2	NUM
gujaf-16	146	14	)	)	PUNCT
gujaf-16	146	15	source	source	NOUN
gujaf-16	146	16	:	:	PUNCT
gujaf-16	146	17	output	output	NOUN
gujaf-16	146	18	of	of	ADP
gujaf-16	146	19	stata	stata	NOUN
gujaf-16	146	20	14	14	NUM
gujaf-16	146	21	,	,	PUNCT
gujaf-16	146	22	2020	2020	NUM
gujaf-16	146	23	notes	note	VERB
gujaf-16	146	24	:	:	PUNCT
gujaf-16	146	25	a	a	PRON
gujaf-16	146	26	and	and	CCONJ
gujaf-16	146	27	b	b	NOUN
gujaf-16	146	28	indicate	indicate	VERB
gujaf-16	146	29	correlation	correlation	NOUN
gujaf-16	146	30	coefficient	coefficient	NOUN
gujaf-16	146	31	is	be	AUX
gujaf-16	146	32	significant	significant	ADJ
gujaf-16	146	33	at	at	ADP
gujaf-16	146	34	1	1	NUM
gujaf-16	146	35	and	and	CCONJ
gujaf-16	146	36	5	5	NUM
gujaf-16	146	37	percent	percent	NOUN
gujaf-16	146	38	levels	level	NOUN
gujaf-16	146	39	,	,	PUNCT
gujaf-16	146	40	respectively	respectively	ADV
gujaf-16	146	41	.	.	PUNCT
gujaf-16	147	1	furthermore	furthermore	ADV
gujaf-16	147	2	,	,	PUNCT
gujaf-16	147	3	correlation	correlation	NOUN
gujaf-16	147	4	coefficient	coefficient	NOUN
gujaf-16	147	5	among	among	ADP
gujaf-16	147	6	total	total	ADJ
gujaf-16	147	7	debt	debt	NOUN
gujaf-16	147	8	to	to	ADP
gujaf-16	147	9	total	total	ADJ
gujaf-16	147	10	assets	asset	NOUN
gujaf-16	147	11	and	and	CCONJ
gujaf-16	147	12	mtb	mtb	NOUN
gujaf-16	147	13	(	(	PUNCT
gujaf-16	147	14	growth	growth	NOUN
gujaf-16	147	15	opportunity	opportunity	NOUN
gujaf-16	147	16	)	)	PUNCT
gujaf-16	147	17	is	be	AUX
gujaf-16	147	18	positive	positive	ADJ
gujaf-16	147	19	and	and	CCONJ
gujaf-16	147	20	significant	significant	ADJ
gujaf-16	147	21	statistically	statistically	ADV
gujaf-16	147	22	.	.	PUNCT
gujaf-16	148	1	this	this	PRON
gujaf-16	148	2	suggests	suggest	VERB
gujaf-16	148	3	that	that	SCONJ
gujaf-16	148	4	as	as	SCONJ
gujaf-16	148	5	tdta	tdta	PROPN
gujaf-16	148	6	sllog	sllog	PROPN
gujaf-16	148	7	prfts	prft	NOUN
gujaf-16	148	8	mtb	mtb	PROPN
gujaf-16	148	9	ndts	ndts	PROPN
gujaf-16	148	10	inf	inf	PROPN
gujaf-16	148	11	int	int	PROPN
gujaf-16	148	12	gdpg	gdpg	PROPN
gujaf-16	148	13	mcgdp	mcgdp	NOUN
gujaf-16	148	14	tdta	tdta	PROPN
gujaf-16	148	15	1.00	1.00	NUM
gujaf-16	148	16	sllog	sllog	NOUN
gujaf-16	148	17	0.078	0.078	NUM
gujaf-16	148	18	1.00	1.00	NUM
gujaf-16	148	19	prfts	prft	NOUN
gujaf-16	148	20	0.005	0.005	NUM
gujaf-16	148	21	0.006	0.006	NUM
gujaf-16	148	22	1.00	1.00	NUM
gujaf-16	148	23	mtb	mtb	NOUN
gujaf-16	148	24	0.065b	0.065b	NOUN
gujaf-16	148	25	0.061	0.061	NUM
gujaf-16	148	26	0.019	0.019	NUM
gujaf-16	148	27	1.00	1.00	NUM
gujaf-16	148	28	ndts	ndts	NOUN
gujaf-16	148	29	0.004b	0.004b	NUM
gujaf-16	148	30	-0.006	-0.006	PROPN
gujaf-16	148	31	-0.099	-0.099	PUNCT
gujaf-16	148	32	0.019	0.019	NUM
gujaf-16	148	33	1.00	1.00	NUM
gujaf-16	148	34	inf	inf	NOUN
gujaf-16	148	35	0.097b	0.097b	PROPN
gujaf-16	148	36	0.047	0.047	NUM
gujaf-16	148	37	0.007	0.007	NUM
gujaf-16	148	38	0.007	0.007	NUM
gujaf-16	148	39	-0.007	-0.007	PUNCT
gujaf-16	148	40	1.00	1.00	NUM
gujaf-16	148	41	int	int	NOUN
gujaf-16	148	42	0.070b	0.070b	NOUN
gujaf-16	148	43	0.064	0.064	NUM
gujaf-16	148	44	0.004	0.004	NUM
gujaf-16	148	45	0.010	0.010	NUM
gujaf-16	148	46	-0.005	-0.005	NUM
gujaf-16	148	47	0.293	0.293	NUM
gujaf-16	148	48	1.00	1.00	NUM
gujaf-16	148	49	gdpg	gdpg	ADJ
gujaf-16	148	50	0.059b	0.059b	NOUN
gujaf-16	148	51	-0.011	-0.011	NUM
gujaf-16	148	52	0.003	0.003	NUM
gujaf-16	148	53	0.005	0.005	NUM
gujaf-16	148	54	-0.003	-0.003	NOUN
gujaf-16	148	55	0.260	0.260	NUM
gujaf-16	148	56	-0.257	-0.257	NUM
gujaf-16	148	57	1.00	1.00	NUM
gujaf-16	148	58	mcgdp	mcgdp	NOUN
gujaf-16	148	59	0.010b	0.010b	NOUN
gujaf-16	148	60	-0.204	-0.204	PUNCT
gujaf-16	148	61	-0.005	-0.005	PUNCT
gujaf-16	148	62	0.029	0.029	NUM
gujaf-16	148	63	0.005	0.005	NUM
gujaf-16	148	64	-0.290	-0.290	NUM
gujaf-16	148	65	-0.371	-0.371	PUNCT
gujaf-16	148	66	-0.115	-0.115	PUNCT
gujaf-16	148	67	1.00	1.00	NUM
gujaf-16	148	68	gujaf	gujaf	NOUN
gujaf-16	148	69	:	:	PUNCT
gujaf-16	148	70	gusau	gusau	PROPN
gujaf-16	148	71	journal	journal	NOUN
gujaf-16	148	72	of	of	ADP
gujaf-16	148	73	accounting	accounting	NOUN
gujaf-16	148	74	and	and	CCONJ
gujaf-16	148	75	finance	finance	NOUN
gujaf-16	148	76	,	,	PUNCT
gujaf-16	148	77	vol	vol	NOUN
gujaf-16	148	78	.	.	PUNCT
gujaf-16	149	1	i	i	PRON
gujaf-16	149	2	,	,	PUNCT
gujaf-16	149	3	issue	issue	NOUN
gujaf-16	149	4	1	1	NUM
gujaf-16	149	5	,	,	PUNCT
gujaf-16	149	6	april	april	PROPN
gujaf-16	149	7	,	,	PUNCT
gujaf-16	149	8	2020	2020	NUM
gujaf-16	149	9	issn	issn	VERB
gujaf-16	149	10	2756	2756	NUM
gujaf-16	149	11	-	-	PUNCT
gujaf-16	149	12	665x	665x	NOUN
gujaf-16	149	13	10	10	NUM
gujaf-16	149	14	growth	growth	NOUN
gujaf-16	149	15	opportunity	opportunity	NOUN
gujaf-16	149	16	increases	increase	NOUN
gujaf-16	149	17	,	,	PUNCT
gujaf-16	149	18	debt	debt	NOUN
gujaf-16	149	19	increases	increase	NOUN
gujaf-16	149	20	.	.	PUNCT
gujaf-16	150	1	conversely	conversely	ADV
gujaf-16	150	2	,	,	PUNCT
gujaf-16	150	3	tdta	tdta	NOUN
gujaf-16	150	4	is	be	AUX
gujaf-16	150	5	adversely	adversely	ADV
gujaf-16	150	6	related	relate	VERB
gujaf-16	150	7	ndts	ndts	NOUN
gujaf-16	150	8	and	and	CCONJ
gujaf-16	150	9	statistically	statistically	ADV
gujaf-16	150	10	significant	significant	ADJ
gujaf-16	150	11	.	.	PUNCT
gujaf-16	151	1	generalized	generalized	ADJ
gujaf-16	151	2	method	method	NOUN
gujaf-16	151	3	of	of	ADP
gujaf-16	151	4	moments	moment	NOUN
gujaf-16	151	5	results	result	VERB
gujaf-16	151	6	the	the	DET
gujaf-16	151	7	study	study	NOUN
gujaf-16	151	8	estimates	estimate	VERB
gujaf-16	151	9	a	a	DET
gujaf-16	151	10	dynamic	dynamic	ADJ
gujaf-16	151	11	panel	panel	NOUN
gujaf-16	151	12	model	model	NOUN
gujaf-16	151	13	built	build	VERB
gujaf-16	151	14	on	on	ADP
gujaf-16	151	15	trade	trade	NOUN
gujaf-16	151	16	-	-	PUNCT
gujaf-16	151	17	off	off	ADP
gujaf-16	151	18	theory	theory	NOUN
gujaf-16	151	19	.	.	PUNCT
gujaf-16	152	1	total	total	ADJ
gujaf-16	152	2	debt	debt	NOUN
gujaf-16	152	3	to	to	ADP
gujaf-16	152	4	debt	debt	NOUN
gujaf-16	152	5	assets	asset	NOUN
gujaf-16	152	6	ratios	ratio	NOUN
gujaf-16	152	7	is	be	AUX
gujaf-16	152	8	used	use	VERB
gujaf-16	152	9	as	as	ADP
gujaf-16	152	10	dependent	dependent	ADJ
gujaf-16	152	11	variable	variable	NOUN
gujaf-16	152	12	for	for	ADP
gujaf-16	152	13	results	result	NOUN
gujaf-16	152	14	of	of	ADP
gujaf-16	152	15	models	model	NOUN
gujaf-16	152	16	1	1	NUM
gujaf-16	152	17	to	to	PART
gujaf-16	152	18	2	2	NUM
gujaf-16	152	19	.	.	PUNCT
gujaf-16	153	1	system	system	NOUN
gujaf-16	153	2	gmm	gmm	PROPN
gujaf-16	153	3	is	be	AUX
gujaf-16	153	4	the	the	DET
gujaf-16	153	5	main	main	ADJ
gujaf-16	153	6	estimation	estimation	NOUN
gujaf-16	153	7	.	.	PUNCT
gujaf-16	154	1	the	the	DET
gujaf-16	154	2	coefficients	coefficient	NOUN
gujaf-16	154	3	estimated	estimate	VERB
gujaf-16	154	4	in	in	ADP
gujaf-16	154	5	the	the	DET
gujaf-16	154	6	models	model	NOUN
gujaf-16	154	7	are	be	AUX
gujaf-16	154	8	significant	significant	ADJ
gujaf-16	154	9	and	and	CCONJ
gujaf-16	154	10	have	have	VERB
gujaf-16	154	11	the	the	DET
gujaf-16	154	12	expected	expect	VERB
gujaf-16	154	13	sign	sign	NOUN
gujaf-16	154	14	.	.	PUNCT
gujaf-16	155	1	inflation	inflation	NOUN
gujaf-16	155	2	rate	rate	NOUN
gujaf-16	155	3	coefficients	coefficient	NOUN
gujaf-16	155	4	for	for	ADP
gujaf-16	155	5	model	model	NOUN
gujaf-16	155	6	1	1	NUM
gujaf-16	155	7	and	and	CCONJ
gujaf-16	155	8	2	2	NUM
gujaf-16	155	9	are	be	AUX
gujaf-16	155	10	(	(	PUNCT
gujaf-16	155	11	0.051	0.051	NUM
gujaf-16	155	12	*	*	PUNCT
gujaf-16	155	13	*	*	NOUN
gujaf-16	155	14	and	and	CCONJ
gujaf-16	155	15	0.059	0.059	NUM
gujaf-16	155	16	*	*	PUNCT
gujaf-16	155	17	*	*	NOUN
gujaf-16	155	18	with	with	ADP
gujaf-16	155	19	t	t	PROPN
gujaf-16	155	20	-	-	PUNCT
gujaf-16	155	21	statistics	statistic	NOUN
gujaf-16	155	22	of	of	ADP
gujaf-16	155	23	3.87	3.87	NUM
gujaf-16	155	24	and	and	CCONJ
gujaf-16	155	25	2.96	2.96	NUM
gujaf-16	155	26	respectively	respectively	ADV
gujaf-16	155	27	)	)	PUNCT
gujaf-16	155	28	significant	significant	ADJ
gujaf-16	155	29	statistically	statistically	ADV
gujaf-16	155	30	both	both	CCONJ
gujaf-16	155	31	at	at	ADP
gujaf-16	155	32	5	5	NUM
gujaf-16	155	33	percent	percent	NOUN
gujaf-16	155	34	level	level	NOUN
gujaf-16	155	35	and	and	CCONJ
gujaf-16	155	36	positively	positively	ADV
gujaf-16	155	37	linked	link	VERB
gujaf-16	155	38	tdta	tdta	PROPN
gujaf-16	155	39	.	.	PUNCT
gujaf-16	156	1	this	this	DET
gujaf-16	156	2	positive	positive	ADJ
gujaf-16	156	3	connection	connection	NOUN
gujaf-16	156	4	implies	imply	VERB
gujaf-16	156	5	that	that	SCONJ
gujaf-16	156	6	favorable	favorable	ADJ
gujaf-16	156	7	inflation	inflation	NOUN
gujaf-16	156	8	rate	rate	NOUN
gujaf-16	156	9	increases	increase	VERB
gujaf-16	156	10	debt	debt	NOUN
gujaf-16	156	11	.	.	PUNCT
gujaf-16	157	1	also	also	ADV
gujaf-16	157	2	,	,	PUNCT
gujaf-16	157	3	interest	interest	NOUN
gujaf-16	157	4	rate	rate	NOUN
gujaf-16	157	5	coefficients	coefficient	NOUN
gujaf-16	157	6	for	for	ADP
gujaf-16	157	7	model	model	NOUN
gujaf-16	157	8	1	1	NUM
gujaf-16	157	9	and	and	CCONJ
gujaf-16	157	10	2	2	NUM
gujaf-16	157	11	are	be	AUX
gujaf-16	157	12	(	(	PUNCT
gujaf-16	157	13	0.042	0.042	NUM
gujaf-16	157	14	*	*	PUNCT
gujaf-16	157	15	*	*	PUNCT
gujaf-16	157	16	and	and	CCONJ
gujaf-16	157	17	0.045	0.045	NUM
gujaf-16	157	18	*	*	PUNCT
gujaf-16	157	19	*	*	NOUN
gujaf-16	157	20	with	with	ADP
gujaf-16	157	21	t	t	PROPN
gujaf-16	157	22	-	-	PUNCT
gujaf-16	157	23	statistics	statistic	NOUN
gujaf-16	157	24	of	of	ADP
gujaf-16	157	25	2.46	2.46	NUM
gujaf-16	157	26	and	and	CCONJ
gujaf-16	157	27	2.79	2.79	NUM
gujaf-16	157	28	respectively	respectively	ADV
gujaf-16	157	29	)	)	PUNCT
gujaf-16	157	30	significant	significant	ADJ
gujaf-16	157	31	statistically	statistically	ADV
gujaf-16	157	32	both	both	CCONJ
gujaf-16	157	33	at	at	ADP
gujaf-16	157	34	5	5	NUM
gujaf-16	157	35	percent	percent	NOUN
gujaf-16	157	36	level	level	NOUN
gujaf-16	157	37	and	and	CCONJ
gujaf-16	157	38	positively	positively	ADV
gujaf-16	157	39	related	relate	VERB
gujaf-16	157	40	to	to	ADP
gujaf-16	157	41	tdta	tdta	NOUN
gujaf-16	157	42	ratio	ratio	NOUN
gujaf-16	157	43	.	.	PUNCT
gujaf-16	158	1	this	this	DET
gujaf-16	158	2	positive	positive	ADJ
gujaf-16	158	3	relation	relation	NOUN
gujaf-16	158	4	signifies	signify	VERB
gujaf-16	158	5	that	that	SCONJ
gujaf-16	158	6	favorable	favorable	ADJ
gujaf-16	158	7	interest	interest	NOUN
gujaf-16	158	8	rate	rate	NOUN
gujaf-16	158	9	increases	increase	VERB
gujaf-16	158	10	debt	debt	NOUN
gujaf-16	158	11	.	.	PUNCT
gujaf-16	159	1	likewise	likewise	ADV
gujaf-16	159	2	,	,	PUNCT
gujaf-16	159	3	the	the	DET
gujaf-16	159	4	coefficient	coefficient	NOUN
gujaf-16	159	5	of	of	ADP
gujaf-16	159	6	gross	gross	ADJ
gujaf-16	159	7	domestic	domestic	ADJ
gujaf-16	159	8	product	product	NOUN
gujaf-16	159	9	growth	growth	NOUN
gujaf-16	159	10	(	(	PUNCT
gujaf-16	159	11	0.001	0.001	NUM
gujaf-16	159	12	*	*	NOUN
gujaf-16	159	13	*	*	PUNCT
gujaf-16	159	14	*	*	PUNCT
gujaf-16	159	15	and	and	CCONJ
gujaf-16	159	16	0.001	0.001	NUM
gujaf-16	159	17	*	*	PUNCT
gujaf-16	159	18	*	*	PUNCT
gujaf-16	159	19	*	*	PROPN
gujaf-16	159	20	t	t	PROPN
gujaf-16	159	21	-	-	PUNCT
gujaf-16	159	22	statistics	statistic	NOUN
gujaf-16	159	23	of	of	ADP
gujaf-16	159	24	3.24	3.24	NUM
gujaf-16	159	25	and	and	CCONJ
gujaf-16	159	26	3.54	3.54	NUM
gujaf-16	159	27	)	)	PUNCT
gujaf-16	159	28	in	in	ADP
gujaf-16	159	29	model	model	NOUN
gujaf-16	159	30	1	1	NUM
gujaf-16	159	31	and	and	CCONJ
gujaf-16	159	32	2	2	NUM
gujaf-16	159	33	respectively	respectively	ADV
gujaf-16	159	34	are	be	AUX
gujaf-16	159	35	significant	significant	ADJ
gujaf-16	159	36	statistically	statistically	ADV
gujaf-16	159	37	both	both	PRON
gujaf-16	159	38	at	at	ADP
gujaf-16	159	39	1	1	NUM
gujaf-16	159	40	percent	percent	NOUN
gujaf-16	159	41	level	level	NOUN
gujaf-16	159	42	and	and	CCONJ
gujaf-16	159	43	positively	positively	ADV
gujaf-16	159	44	linked	link	VERB
gujaf-16	159	45	to	to	ADP
gujaf-16	159	46	tdta	tdta	NOUN
gujaf-16	159	47	ratio	ratio	NOUN
gujaf-16	159	48	.	.	PUNCT
gujaf-16	160	1	this	this	DET
gujaf-16	160	2	positive	positive	ADJ
gujaf-16	160	3	link	link	NOUN
gujaf-16	160	4	implies	imply	VERB
gujaf-16	160	5	that	that	SCONJ
gujaf-16	160	6	higher	high	ADJ
gujaf-16	160	7	growth	growth	NOUN
gujaf-16	160	8	in	in	ADP
gujaf-16	160	9	gross	gross	ADJ
gujaf-16	160	10	domestic	domestic	ADJ
gujaf-16	160	11	product	product	NOUN
gujaf-16	160	12	increases	increase	VERB
gujaf-16	160	13	debt	debt	NOUN
gujaf-16	160	14	.	.	PUNCT
gujaf-16	161	1	furthermore	furthermore	ADV
gujaf-16	161	2	,	,	PUNCT
gujaf-16	161	3	market	market	NOUN
gujaf-16	161	4	capitalization	capitalization	NOUN
gujaf-16	161	5	to	to	ADP
gujaf-16	161	6	gross	gross	ADJ
gujaf-16	161	7	domestic	domestic	ADJ
gujaf-16	161	8	product	product	NOUN
gujaf-16	161	9	coefficients	coefficient	NOUN
gujaf-16	161	10	in	in	ADP
gujaf-16	161	11	model	model	NOUN
gujaf-16	161	12	2	2	NUM
gujaf-16	161	13	is	be	AUX
gujaf-16	161	14	0.002	0.002	NUM
gujaf-16	161	15	*	*	PUNCT
gujaf-16	161	16	*	*	NOUN
gujaf-16	161	17	with	with	ADP
gujaf-16	161	18	t	t	PROPN
gujaf-16	161	19	-	-	PUNCT
gujaf-16	161	20	statistics	statistic	NOUN
gujaf-16	161	21	of	of	ADP
gujaf-16	161	22	3.84	3.84	NUM
gujaf-16	161	23	and	and	CCONJ
gujaf-16	161	24	statistically	statistically	ADV
gujaf-16	161	25	significant	significant	ADJ
gujaf-16	161	26	at	at	ADP
gujaf-16	161	27	1	1	NUM
gujaf-16	161	28	percent	percent	NOUN
gujaf-16	161	29	and	and	CCONJ
gujaf-16	161	30	positively	positively	ADV
gujaf-16	161	31	related	relate	VERB
gujaf-16	161	32	to	to	ADP
gujaf-16	161	33	tdta	tdta	NOUN
gujaf-16	161	34	ratio	ratio	NOUN
gujaf-16	161	35	.	.	PUNCT
gujaf-16	162	1	this	this	DET
gujaf-16	162	2	significant	significant	ADJ
gujaf-16	162	3	connection	connection	NOUN
gujaf-16	162	4	implies	imply	VERB
gujaf-16	162	5	that	that	SCONJ
gujaf-16	162	6	high	high	ADJ
gujaf-16	162	7	market	market	NOUN
gujaf-16	162	8	value	value	NOUN
gujaf-16	162	9	reduces	reduce	VERB
gujaf-16	162	10	firms	firm	NOUN
gujaf-16	162	11	’	'	PUNCT
gujaf-16	162	12	risk	risk	NOUN
gujaf-16	162	13	which	which	PRON
gujaf-16	162	14	in	in	ADP
gujaf-16	162	15	turn	turn	NOUN
gujaf-16	162	16	increases	increase	VERB
gujaf-16	162	17	debt	debt	NOUN
gujaf-16	162	18	.	.	PUNCT
gujaf-16	163	1	however	however	ADV
gujaf-16	163	2	,	,	PUNCT
gujaf-16	163	3	firm	firm	ADJ
gujaf-16	163	4	size	size	NOUN
gujaf-16	163	5	coefficients	coefficient	NOUN
gujaf-16	163	6	for	for	ADP
gujaf-16	163	7	model	model	NOUN
gujaf-16	163	8	1	1	NUM
gujaf-16	163	9	and	and	CCONJ
gujaf-16	163	10	2	2	NUM
gujaf-16	163	11	are	be	AUX
gujaf-16	163	12	0.104	0.104	NUM
gujaf-16	163	13	*	*	PUNCT
gujaf-16	163	14	and	and	CCONJ
gujaf-16	163	15	0.056	0.056	NUM
gujaf-16	163	16	*	*	NOUN
gujaf-16	163	17	*	*	NOUN
gujaf-16	163	18	with	with	ADP
gujaf-16	163	19	t	t	PROPN
gujaf-16	163	20	-	-	PUNCT
gujaf-16	163	21	statistics	statistic	NOUN
gujaf-16	163	22	of	of	ADP
gujaf-16	163	23	1.94	1.94	NUM
gujaf-16	163	24	and	and	CCONJ
gujaf-16	163	25	2.99	2.99	NUM
gujaf-16	163	26	respectively	respectively	ADV
gujaf-16	163	27	are	be	AUX
gujaf-16	163	28	statistically	statistically	ADV
gujaf-16	163	29	significant	significant	ADJ
gujaf-16	163	30	both	both	CCONJ
gujaf-16	163	31	at	at	ADP
gujaf-16	163	32	10	10	NUM
gujaf-16	163	33	and	and	CCONJ
gujaf-16	163	34	5	5	NUM
gujaf-16	163	35	percent	percent	NOUN
gujaf-16	163	36	level	level	NOUN
gujaf-16	163	37	and	and	CCONJ
gujaf-16	163	38	positively	positively	ADV
gujaf-16	163	39	linked	link	VERB
gujaf-16	163	40	to	to	ADP
gujaf-16	163	41	tdta	tdta	NOUN
gujaf-16	163	42	ratio	ratio	NOUN
gujaf-16	163	43	.	.	PUNCT
gujaf-16	164	1	this	this	DET
gujaf-16	164	2	positive	positive	ADJ
gujaf-16	164	3	relation	relation	NOUN
gujaf-16	164	4	signifies	signify	VERB
gujaf-16	164	5	that	that	PRON
gujaf-16	164	6	increase	increase	VERB
gujaf-16	164	7	in	in	ADP
gujaf-16	164	8	firm	firm	ADJ
gujaf-16	164	9	size	size	NOUN
gujaf-16	164	10	increases	increase	VERB
gujaf-16	164	11	debt	debt	NOUN
gujaf-16	164	12	.	.	PUNCT
gujaf-16	165	1	likewise	likewise	ADV
gujaf-16	165	2	,	,	PUNCT
gujaf-16	165	3	the	the	DET
gujaf-16	165	4	coefficient	coefficient	NOUN
gujaf-16	165	5	of	of	ADP
gujaf-16	165	6	market	market	NOUN
gujaf-16	165	7	to	to	ADP
gujaf-16	165	8	book	book	NOUN
gujaf-16	165	9	(	(	PUNCT
gujaf-16	165	10	firms	firm	NOUN
gujaf-16	165	11	’	'	PUNCT
gujaf-16	165	12	growth	growth	NOUN
gujaf-16	165	13	opportunity	opportunity	NOUN
gujaf-16	165	14	)	)	PUNCT
gujaf-16	165	15	is	be	AUX
gujaf-16	165	16	0.031	0.031	NUM
gujaf-16	165	17	*	*	PUNCT
gujaf-16	165	18	*	*	PROPN
gujaf-16	165	19	and	and	CCONJ
gujaf-16	165	20	0.043	0.043	NUM
gujaf-16	165	21	*	*	PROPN
gujaf-16	165	22	*	*	PROPN
gujaf-16	165	23	t	t	PROPN
gujaf-16	165	24	-	-	PUNCT
gujaf-16	165	25	statistics	statistic	NOUN
gujaf-16	165	26	2.75	2.75	NUM
gujaf-16	165	27	and	and	CCONJ
gujaf-16	165	28	3.02	3.02	NUM
gujaf-16	165	29	in	in	ADP
gujaf-16	165	30	model	model	NOUN
gujaf-16	165	31	1	1	NUM
gujaf-16	165	32	and	and	CCONJ
gujaf-16	165	33	2	2	NUM
gujaf-16	165	34	respectively	respectively	ADV
gujaf-16	165	35	are	be	AUX
gujaf-16	165	36	significant	significant	ADJ
gujaf-16	165	37	statistically	statistically	ADV
gujaf-16	165	38	both	both	PRON
gujaf-16	165	39	at	at	ADP
gujaf-16	165	40	5	5	NUM
gujaf-16	165	41	percent	percent	NOUN
gujaf-16	165	42	and	and	CCONJ
gujaf-16	165	43	positively	positively	ADV
gujaf-16	165	44	linked	link	VERB
gujaf-16	165	45	to	to	ADP
gujaf-16	165	46	tdta	tdta	NOUN
gujaf-16	165	47	ratio	ratio	NOUN
gujaf-16	165	48	.	.	PUNCT
gujaf-16	166	1	this	this	DET
gujaf-16	166	2	positive	positive	ADJ
gujaf-16	166	3	link	link	NOUN
gujaf-16	166	4	implies	imply	VERB
gujaf-16	166	5	that	that	SCONJ
gujaf-16	166	6	increase	increase	NOUN
gujaf-16	166	7	in	in	ADP
gujaf-16	166	8	growth	growth	NOUN
gujaf-16	166	9	opportunities	opportunity	NOUN
gujaf-16	166	10	increases	increase	VERB
gujaf-16	166	11	debt	debt	NOUN
gujaf-16	166	12	.	.	PUNCT
gujaf-16	167	1	gujaf	gujaf	NOUN
gujaf-16	167	2	:	:	PUNCT
gujaf-16	167	3	gusau	gusau	PROPN
gujaf-16	167	4	journal	journal	NOUN
gujaf-16	167	5	of	of	ADP
gujaf-16	167	6	accounting	accounting	NOUN
gujaf-16	167	7	and	and	CCONJ
gujaf-16	167	8	finance	finance	NOUN
gujaf-16	167	9	,	,	PUNCT
gujaf-16	167	10	vol	vol	NOUN
gujaf-16	167	11	.	.	PUNCT
gujaf-16	168	1	i	i	PRON
gujaf-16	168	2	,	,	PUNCT
gujaf-16	168	3	issue	issue	NOUN
gujaf-16	168	4	1	1	NUM
gujaf-16	168	5	,	,	PUNCT
gujaf-16	168	6	april	april	PROPN
gujaf-16	168	7	,	,	PUNCT
gujaf-16	168	8	2020	2020	NUM
gujaf-16	168	9	issn	issn	VERB
gujaf-16	168	10	2756	2756	NUM
gujaf-16	168	11	-	-	PUNCT
gujaf-16	168	12	665x	665x	NOUN
gujaf-16	168	13	11	11	NUM
gujaf-16	168	14	table	table	NOUN
gujaf-16	168	15	3	3	NUM
gujaf-16	168	16	.	.	X
gujaf-16	168	17	panel	panel	NOUN
gujaf-16	168	18	system	system	NOUN
gujaf-16	168	19	gmm	gmm	PROPN
gujaf-16	168	20	result	result	VERB
gujaf-16	168	21	for	for	ADP
gujaf-16	168	22	model	model	NOUN
gujaf-16	168	23	1	1	NUM
gujaf-16	168	24	and	and	CCONJ
gujaf-16	168	25	2	2	NUM
gujaf-16	168	26	source	source	NOUN
gujaf-16	168	27	:	:	PUNCT
gujaf-16	168	28	output	output	NOUN
gujaf-16	168	29	of	of	ADP
gujaf-16	168	30	stata	stata	NOUN
gujaf-16	168	31	14	14	NUM
gujaf-16	168	32	.	.	PUNCT
gujaf-16	169	1	notes	note	NOUN
gujaf-16	169	2	:	:	PUNCT
gujaf-16	169	3	soa	soa	PROPN
gujaf-16	169	4	is	be	AUX
gujaf-16	169	5	speed	speed	NOUN
gujaf-16	169	6	of	of	ADP
gujaf-16	169	7	adjustment	adjustment	NOUN
gujaf-16	169	8	to	to	PART
gujaf-16	169	9	target	target	VERB
gujaf-16	169	10	debt	debt	NOUN
gujaf-16	169	11	level	level	NOUN
gujaf-16	169	12	.	.	PUNCT
gujaf-16	170	1	asterisks	asterisk	NOUN
gujaf-16	170	2	indicate	indicate	VERB
gujaf-16	170	3	significance	significance	NOUN
gujaf-16	170	4	at	at	ADP
gujaf-16	170	5	10	10	NUM
gujaf-16	170	6	%	%	NOUN
gujaf-16	170	7	(	(	PUNCT
gujaf-16	170	8	*	*	NOUN
gujaf-16	170	9	)	)	PUNCT
gujaf-16	170	10	,	,	PUNCT
gujaf-16	170	11	5	5	NUM
gujaf-16	170	12	%	%	NOUN
gujaf-16	170	13	(	(	PUNCT
gujaf-16	170	14	*	*	NOUN
gujaf-16	170	15	*	*	PUNCT
gujaf-16	170	16	)	)	PUNCT
gujaf-16	170	17	and	and	CCONJ
gujaf-16	170	18	1	1	NUM
gujaf-16	170	19	%	%	NOUN
gujaf-16	170	20	(	(	PUNCT
gujaf-16	170	21	*	*	PUNCT
gujaf-16	170	22	*	*	PUNCT
gujaf-16	170	23	*	*	NOUN
gujaf-16	170	24	)	)	PUNCT
gujaf-16	170	25	.	.	PUNCT
gujaf-16	171	1	t	t	PROPN
gujaf-16	171	2	-	-	PUNCT
gujaf-16	171	3	statistics	statistic	NOUN
gujaf-16	171	4	of	of	ADP
gujaf-16	171	5	gmm	gmm	PROPN
gujaf-16	171	6	system	system	NOUN
gujaf-16	171	7	model	model	NOUN
gujaf-16	171	8	are	be	AUX
gujaf-16	171	9	based	base	VERB
gujaf-16	171	10	on	on	ADP
gujaf-16	171	11	windmeijer	windmeijer	NOUN
gujaf-16	171	12	-	-	PUNCT
gujaf-16	171	13	corrected	correct	VERB
gujaf-16	171	14	standard	standard	ADJ
gujaf-16	171	15	errors	error	NOUN
gujaf-16	171	16	.	.	PUNCT
gujaf-16	172	1	2nd	2nd	ADJ
gujaf-16	172	2	order	order	NOUN
gujaf-16	172	3	serial	serial	ADJ
gujaf-16	172	4	correlation	correlation	NOUN
gujaf-16	172	5	in	in	ADP
gujaf-16	172	6	first	first	ADJ
gujaf-16	172	7	difference	difference	NOUN
gujaf-16	172	8	is	be	AUX
gujaf-16	172	9	distributed	distribute	VERB
gujaf-16	172	10	as	as	ADP
gujaf-16	172	11	n	n	PROPN
gujaf-16	172	12	(	(	PUNCT
gujaf-16	172	13	0	0	NUM
gujaf-16	172	14	,	,	PUNCT
gujaf-16	172	15	1	1	NUM
gujaf-16	172	16	)	)	PUNCT
gujaf-16	172	17	under	under	ADP
gujaf-16	172	18	the	the	DET
gujaf-16	172	19	null	null	NOUN
gujaf-16	172	20	of	of	ADP
gujaf-16	172	21	no	no	DET
gujaf-16	172	22	serial	serial	ADJ
gujaf-16	172	23	correlation	correlation	NOUN
gujaf-16	172	24	in	in	ADP
gujaf-16	172	25	the	the	DET
gujaf-16	172	26	residuals	residual	NOUN
gujaf-16	172	27	.	.	PUNCT
gujaf-16	173	1	4.1	4.1	NUM
gujaf-16	173	2	findings	finding	NOUN
gujaf-16	173	3	,	,	PUNCT
gujaf-16	173	4	implications	implication	NOUN
gujaf-16	173	5	and	and	CCONJ
gujaf-16	173	6	discussion	discussion	NOUN
gujaf-16	173	7	the	the	DET
gujaf-16	173	8	positive	positive	ADJ
gujaf-16	173	9	relation	relation	NOUN
gujaf-16	173	10	between	between	ADP
gujaf-16	173	11	capital	capital	NOUN
gujaf-16	173	12	structure	structure	NOUN
gujaf-16	173	13	(	(	PUNCT
gujaf-16	173	14	debt	debt	NOUN
gujaf-16	173	15	)	)	PUNCT
gujaf-16	173	16	and	and	CCONJ
gujaf-16	173	17	macroeconomics	macroeconomic	NOUN
gujaf-16	173	18	variables	variable	NOUN
gujaf-16	173	19	support	support	VERB
gujaf-16	173	20	the	the	DET
gujaf-16	173	21	insights	insight	NOUN
gujaf-16	173	22	drawn	draw	VERB
gujaf-16	173	23	from	from	ADP
gujaf-16	173	24	the	the	DET
gujaf-16	173	25	theory	theory	NOUN
gujaf-16	173	26	of	of	ADP
gujaf-16	173	27	trade	trade	NOUN
gujaf-16	173	28	-	-	PUNCT
gujaf-16	173	29	off	off	NOUN
gujaf-16	173	30	that	that	SCONJ
gujaf-16	173	31	firms	firm	NOUN
gujaf-16	173	32	make	make	VERB
gujaf-16	173	33	efficient	efficient	ADJ
gujaf-16	173	34	decisions	decision	NOUN
gujaf-16	173	35	on	on	ADP
gujaf-16	173	36	capital	capital	NOUN
gujaf-16	173	37	structure	structure	NOUN
gujaf-16	173	38	,	,	PUNCT
gujaf-16	173	39	like	like	ADP
gujaf-16	173	40	deciding	decide	VERB
gujaf-16	173	41	on	on	ADP
gujaf-16	173	42	optimal	optimal	ADJ
gujaf-16	173	43	mix	mix	NOUN
gujaf-16	173	44	of	of	ADP
gujaf-16	173	45	capital	capital	NOUN
gujaf-16	173	46	system	system	NOUN
gujaf-16	173	47	gmm	gmm	PROPN
gujaf-16	173	48	system	system	NOUN
gujaf-16	173	49	gmm	gmm	PROPN
gujaf-16	173	50	1	1	NUM
gujaf-16	173	51	2	2	NUM
gujaf-16	173	52	soa	soa	NOUN
gujaf-16	173	53	0.040	0.040	NUM
gujaf-16	173	54	0.042	0.042	NUM
gujaf-16	173	55	tdtait-1	tdtait-1	NUM
gujaf-16	173	56	0.960	0.960	NUM
gujaf-16	173	57	*	*	PUNCT
gujaf-16	173	58	(	(	PUNCT
gujaf-16	173	59	25.22	25.22	NUM
gujaf-16	173	60	)	)	PUNCT
gujaf-16	173	61	0.958	0.958	NUM
gujaf-16	173	62	*	*	SYM
gujaf-16	173	63	(	(	PUNCT
gujaf-16	173	64	24.24	24.24	NUM
gujaf-16	173	65	)	)	PUNCT
gujaf-16	173	66	inf	inf	NOUN
gujaf-16	173	67	0.051	0.051	NUM
gujaf-16	173	68	*	*	PUNCT
gujaf-16	173	69	*	*	PUNCT
gujaf-16	173	70	(	(	PUNCT
gujaf-16	173	71	3.87	3.87	NUM
gujaf-16	173	72	)	)	PUNCT
gujaf-16	173	73	0.059	0.059	NUM
gujaf-16	173	74	*	*	PUNCT
gujaf-16	173	75	*	*	PUNCT
gujaf-16	173	76	(	(	PUNCT
gujaf-16	173	77	2.96	2.96	NUM
gujaf-16	173	78	)	)	PUNCT
gujaf-16	173	79	int	int	NOUN
gujaf-16	173	80	0.042	0.042	NUM
gujaf-16	173	81	*	*	NOUN
gujaf-16	173	82	*	*	PUNCT
gujaf-16	173	83	(	(	PUNCT
gujaf-16	173	84	2.46	2.46	NUM
gujaf-16	173	85	)	)	PUNCT
gujaf-16	173	86	0.045	0.045	NUM
gujaf-16	173	87	*	*	NOUN
gujaf-16	173	88	*	*	PUNCT
gujaf-16	173	89	(	(	PUNCT
gujaf-16	173	90	2.79	2.79	NUM
gujaf-16	173	91	)	)	PUNCT
gujaf-16	173	92	gdpg	gdpg	NOUN
gujaf-16	173	93	0.001	0.001	NUM
gujaf-16	173	94	*	*	PUNCT
gujaf-16	173	95	*	*	PUNCT
gujaf-16	173	96	*	*	PUNCT
gujaf-16	173	97	(	(	PUNCT
gujaf-16	173	98	3.24	3.24	NUM
gujaf-16	173	99	)	)	PUNCT
gujaf-16	173	100	0.001	0.001	NUM
gujaf-16	173	101	*	*	PUNCT
gujaf-16	173	102	*	*	PUNCT
gujaf-16	173	103	*	*	PUNCT
gujaf-16	173	104	(	(	PUNCT
gujaf-16	173	105	3.54	3.54	NUM
gujaf-16	173	106	)	)	PUNCT
gujaf-16	173	107	mcgdp	mcgdp	NOUN
gujaf-16	173	108	0.002	0.002	NUM
gujaf-16	173	109	*	*	PUNCT
gujaf-16	173	110	*	*	PUNCT
gujaf-16	173	111	*	*	PUNCT
gujaf-16	173	112	(	(	PUNCT
gujaf-16	173	113	3.84	3.84	NUM
gujaf-16	173	114	)	)	PUNCT
gujaf-16	173	115	sllog	sllog	NOUN
gujaf-16	173	116	0.104	0.104	NUM
gujaf-16	173	117	*	*	PUNCT
gujaf-16	173	118	(	(	PUNCT
gujaf-16	173	119	1.95	1.95	NUM
gujaf-16	173	120	)	)	PUNCT
gujaf-16	173	121	0.056	0.056	NUM
gujaf-16	173	122	*	*	X
gujaf-16	173	123	*	*	PUNCT
gujaf-16	173	124	(	(	PUNCT
gujaf-16	173	125	2.99	2.99	NUM
gujaf-16	173	126	)	)	PUNCT
gujaf-16	173	127	prfts	prft	NOUN
gujaf-16	173	128	-0.900	-0.900	NOUN
gujaf-16	173	129	(	(	PUNCT
gujaf-16	173	130	-1.38	-1.38	NOUN
gujaf-16	173	131	)	)	PUNCT
gujaf-16	173	132	-0.589	-0.589	NOUN
gujaf-16	173	133	(	(	PUNCT
gujaf-16	173	134	-0.91	-0.91	X
gujaf-16	173	135	)	)	PUNCT
gujaf-16	173	136	mtb	mtb	VERB
gujaf-16	173	137	0.031	0.031	NUM
gujaf-16	173	138	*	*	NOUN
gujaf-16	173	139	*	*	PUNCT
gujaf-16	173	140	(	(	PUNCT
gujaf-16	173	141	2.75	2.75	NUM
gujaf-16	173	142	)	)	PUNCT
gujaf-16	173	143	0.043	0.043	NUM
gujaf-16	173	144	*	*	PUNCT
gujaf-16	173	145	*	*	PUNCT
gujaf-16	173	146	(	(	PUNCT
gujaf-16	173	147	3.02	3.02	NUM
gujaf-16	173	148	)	)	PUNCT
gujaf-16	173	149	ndts	ndts	NOUN
gujaf-16	173	150	-36.62	-36.62	PROPN
gujaf-16	173	151	(	(	PUNCT
gujaf-16	173	152	-1.38	-1.38	NOUN
gujaf-16	173	153	)	)	PUNCT
gujaf-16	173	154	-23.97	-23.97	NOUN
gujaf-16	173	155	(	(	PUNCT
gujaf-16	173	156	-0.91	-0.91	X
gujaf-16	173	157	)	)	PUNCT
gujaf-16	173	158	industry	industry	NOUN
gujaf-16	173	159	effects	effect	NOUN
gujaf-16	174	1	yes	yes	INTJ
gujaf-16	174	2	yes	yes	INTJ
gujaf-16	174	3	firm	firm	ADJ
gujaf-16	174	4	fixed	fix	VERB
gujaf-16	174	5	effect	effect	NOUN
gujaf-16	175	1	yes	yes	INTJ
gujaf-16	175	2	yes	yes	INTJ
gujaf-16	175	3	year	year	NOUN
gujaf-16	175	4	fixed	fix	VERB
gujaf-16	175	5	effect	effect	NOUN
gujaf-16	176	1	yes	yes	INTJ
gujaf-16	176	2	yes	yes	INTJ
gujaf-16	176	3	ar(1	ar(1	NOUN
gujaf-16	176	4	)	)	PUNCT
gujaf-16	176	5	0.000	0.000	NUM
gujaf-16	176	6	0.000	0.000	NUM
gujaf-16	176	7	ar(2	ar(2	NOUN
gujaf-16	176	8	)	)	PUNCT
gujaf-16	176	9	0.491	0.491	NUM
gujaf-16	176	10	0.490	0.490	NUM
gujaf-16	176	11	difference	difference	NOUN
gujaf-16	176	12	sargan	sargan	NOUN
gujaf-16	176	13	test	test	NOUN
gujaf-16	176	14	instruments	instrument	NOUN
gujaf-16	176	15	54	54	NUM
gujaf-16	176	16	64	64	NUM
gujaf-16	176	17	gujaf	gujaf	NOUN
gujaf-16	176	18	:	:	PUNCT
gujaf-16	176	19	gusau	gusau	PROPN
gujaf-16	176	20	journal	journal	NOUN
gujaf-16	176	21	of	of	ADP
gujaf-16	176	22	accounting	accounting	NOUN
gujaf-16	176	23	and	and	CCONJ
gujaf-16	176	24	finance	finance	NOUN
gujaf-16	176	25	,	,	PUNCT
gujaf-16	176	26	vol	vol	NOUN
gujaf-16	176	27	.	.	PUNCT
gujaf-16	177	1	i	i	PRON
gujaf-16	177	2	,	,	PUNCT
gujaf-16	177	3	issue	issue	NOUN
gujaf-16	177	4	1	1	NUM
gujaf-16	177	5	,	,	PUNCT
gujaf-16	177	6	april	april	PROPN
gujaf-16	177	7	,	,	PUNCT
gujaf-16	177	8	2020	2020	NUM
gujaf-16	177	9	issn	issn	VERB
gujaf-16	177	10	2756	2756	NUM
gujaf-16	177	11	-	-	PUNCT
gujaf-16	177	12	665x	665x	NOUN
gujaf-16	177	13	12	12	NUM
gujaf-16	177	14	structure	structure	NOUN
gujaf-16	177	15	that	that	PRON
gujaf-16	177	16	maximize	maximize	VERB
gujaf-16	177	17	benefits	benefit	NOUN
gujaf-16	177	18	of	of	ADP
gujaf-16	177	19	debt	debt	NOUN
gujaf-16	177	20	interest	interest	NOUN
gujaf-16	177	21	tax	tax	NOUN
gujaf-16	177	22	shield	shield	NOUN
gujaf-16	177	23	which	which	PRON
gujaf-16	177	24	may	may	AUX
gujaf-16	177	25	bring	bring	VERB
gujaf-16	177	26	high	high	ADJ
gujaf-16	177	27	returns	return	NOUN
gujaf-16	177	28	to	to	ADP
gujaf-16	177	29	shareholders	shareholder	NOUN
gujaf-16	177	30	.	.	PUNCT
gujaf-16	178	1	the	the	DET
gujaf-16	178	2	positive	positive	ADJ
gujaf-16	178	3	relationship	relationship	NOUN
gujaf-16	178	4	macroeconomics	macroeconomic	NOUN
gujaf-16	178	5	variables	variable	NOUN
gujaf-16	178	6	and	and	CCONJ
gujaf-16	178	7	capital	capital	NOUN
gujaf-16	178	8	structure	structure	NOUN
gujaf-16	178	9	,	,	PUNCT
gujaf-16	178	10	point	point	VERB
gujaf-16	178	11	to	to	ADP
gujaf-16	178	12	the	the	DET
gujaf-16	178	13	need	need	NOUN
gujaf-16	178	14	for	for	SCONJ
gujaf-16	178	15	shareholders	shareholder	NOUN
gujaf-16	178	16	to	to	PART
gujaf-16	178	17	employ	employ	VERB
gujaf-16	178	18	firm	firm	ADJ
gujaf-16	178	19	managers	manager	NOUN
gujaf-16	178	20	with	with	ADP
gujaf-16	178	21	sufficient	sufficient	ADJ
gujaf-16	178	22	knowledge	knowledge	NOUN
gujaf-16	178	23	of	of	ADP
gujaf-16	178	24	macroeconomic	macroeconomic	ADJ
gujaf-16	178	25	conditions	condition	NOUN
gujaf-16	178	26	that	that	PRON
gujaf-16	178	27	will	will	AUX
gujaf-16	178	28	enhance	enhance	VERB
gujaf-16	178	29	choices	choice	NOUN
gujaf-16	178	30	of	of	ADP
gujaf-16	178	31	capital	capital	NOUN
gujaf-16	178	32	structure	structure	NOUN
gujaf-16	178	33	.	.	PUNCT
gujaf-16	179	1	firms	firm	NOUN
gujaf-16	179	2	with	with	ADP
gujaf-16	179	3	strategies	strategy	NOUN
gujaf-16	179	4	and	and	CCONJ
gujaf-16	179	5	targets	target	NOUN
gujaf-16	179	6	on	on	ADP
gujaf-16	179	7	macroeconomic	macroeconomic	ADJ
gujaf-16	179	8	situations	situation	NOUN
gujaf-16	179	9	make	make	VERB
gujaf-16	179	10	higher	high	ADJ
gujaf-16	179	11	quality	quality	NOUN
gujaf-16	179	12	decisions	decision	NOUN
gujaf-16	179	13	because	because	SCONJ
gujaf-16	179	14	their	their	PRON
gujaf-16	179	15	knowledge	knowledge	NOUN
gujaf-16	179	16	on	on	ADP
gujaf-16	179	17	the	the	DET
gujaf-16	179	18	workings	working	NOUN
gujaf-16	179	19	of	of	ADP
gujaf-16	179	20	the	the	DET
gujaf-16	179	21	economy	economy	NOUN
gujaf-16	179	22	allows	allow	VERB
gujaf-16	179	23	them	they	PRON
gujaf-16	179	24	to	to	PART
gujaf-16	179	25	have	have	VERB
gujaf-16	179	26	practical	practical	ADJ
gujaf-16	179	27	insights	insight	NOUN
gujaf-16	179	28	on	on	ADP
gujaf-16	179	29	better	well	ADJ
gujaf-16	179	30	debt	debt	NOUN
gujaf-16	179	31	financing	financing	NOUN
gujaf-16	179	32	decisions	decision	NOUN
gujaf-16	179	33	(	(	PUNCT
gujaf-16	179	34	cole	cole	PROPN
gujaf-16	179	35	and	and	CCONJ
gujaf-16	179	36	sokolyk	sokolyk	NOUN
gujaf-16	179	37	,	,	PUNCT
gujaf-16	179	38	2017	2017	NUM
gujaf-16	179	39	)	)	PUNCT
gujaf-16	179	40	,	,	PUNCT
gujaf-16	179	41	such	such	ADJ
gujaf-16	179	42	as	as	ADP
gujaf-16	179	43	capital	capital	NOUN
gujaf-16	179	44	structure	structure	NOUN
gujaf-16	179	45	decisions	decision	NOUN
gujaf-16	179	46	and	and	CCONJ
gujaf-16	179	47	maximization	maximization	NOUN
gujaf-16	179	48	of	of	ADP
gujaf-16	179	49	shareholders	shareholder	NOUN
gujaf-16	179	50	’	'	PUNCT
gujaf-16	179	51	returns	return	NOUN
gujaf-16	179	52	.	.	PUNCT
gujaf-16	180	1	policymakers	policymaker	NOUN
gujaf-16	180	2	should	should	AUX
gujaf-16	180	3	be	be	AUX
gujaf-16	180	4	more	more	ADV
gujaf-16	180	5	specific	specific	ADJ
gujaf-16	180	6	about	about	ADP
gujaf-16	180	7	how	how	SCONJ
gujaf-16	180	8	to	to	PART
gujaf-16	180	9	improve	improve	VERB
gujaf-16	180	10	the	the	DET
gujaf-16	180	11	economic	economic	ADJ
gujaf-16	180	12	conditions	condition	NOUN
gujaf-16	180	13	in	in	ADP
gujaf-16	180	14	an	an	DET
gujaf-16	180	15	economy	economy	NOUN
gujaf-16	180	16	which	which	PRON
gujaf-16	180	17	will	will	AUX
gujaf-16	180	18	aid	aid	VERB
gujaf-16	180	19	firms	firm	NOUN
gujaf-16	180	20	to	to	PART
gujaf-16	180	21	make	make	VERB
gujaf-16	180	22	valuable	valuable	ADJ
gujaf-16	180	23	decisions	decision	NOUN
gujaf-16	180	24	on	on	ADP
gujaf-16	180	25	debt	debt	NOUN
gujaf-16	180	26	management	management	NOUN
gujaf-16	180	27	.	.	PUNCT
gujaf-16	181	1	policymakers	policymaker	NOUN
gujaf-16	181	2	should	should	AUX
gujaf-16	181	3	also	also	ADV
gujaf-16	181	4	create	create	VERB
gujaf-16	181	5	an	an	DET
gujaf-16	181	6	environment	environment	NOUN
gujaf-16	181	7	that	that	PRON
gujaf-16	181	8	supports	support	VERB
gujaf-16	181	9	managerial	managerial	ADJ
gujaf-16	181	10	training	training	NOUN
gujaf-16	181	11	and	and	CCONJ
gujaf-16	181	12	should	should	AUX
gujaf-16	181	13	also	also	ADV
gujaf-16	181	14	continue	continue	VERB
gujaf-16	181	15	to	to	PART
gujaf-16	181	16	formulate	formulate	VERB
gujaf-16	181	17	policies	policy	NOUN
gujaf-16	181	18	that	that	PRON
gujaf-16	181	19	encourage	encourage	VERB
gujaf-16	181	20	firm	firm	ADJ
gujaf-16	181	21	managers	manager	NOUN
gujaf-16	181	22	to	to	PART
gujaf-16	181	23	take	take	VERB
gujaf-16	181	24	advantage	advantage	NOUN
gujaf-16	181	25	of	of	ADP
gujaf-16	181	26	training	training	NOUN
gujaf-16	181	27	opportunities	opportunity	NOUN
gujaf-16	181	28	to	to	PART
gujaf-16	181	29	enrich	enrich	VERB
gujaf-16	181	30	their	their	PRON
gujaf-16	181	31	skill	skill	NOUN
gujaf-16	181	32	and	and	CCONJ
gujaf-16	181	33	knowledge	knowledge	NOUN
gujaf-16	181	34	on	on	ADP
gujaf-16	181	35	debt	debt	NOUN
gujaf-16	181	36	financing	financing	NOUN
gujaf-16	181	37	considering	consider	VERB
gujaf-16	181	38	macroeconomic	macroeconomic	ADJ
gujaf-16	181	39	conditions	condition	NOUN
gujaf-16	181	40	in	in	ADP
gujaf-16	181	41	an	an	DET
gujaf-16	181	42	economy	economy	NOUN
gujaf-16	181	43	.	.	PUNCT
gujaf-16	182	1	5	5	X
gujaf-16	182	2	.	.	X
gujaf-16	182	3	conclusion	conclusion	NOUN
gujaf-16	182	4	an	an	DET
gujaf-16	182	5	important	important	ADJ
gujaf-16	182	6	issue	issue	NOUN
gujaf-16	182	7	in	in	ADP
gujaf-16	182	8	the	the	DET
gujaf-16	182	9	literature	literature	NOUN
gujaf-16	182	10	is	be	AUX
gujaf-16	182	11	that	that	SCONJ
gujaf-16	182	12	unobservable	unobservable	ADJ
gujaf-16	182	13	macro	macro	ADJ
gujaf-16	182	14	-	-	ADJ
gujaf-16	182	15	specific	specific	ADJ
gujaf-16	182	16	variables	variable	NOUN
gujaf-16	182	17	explain	explain	VERB
gujaf-16	182	18	most	most	ADJ
gujaf-16	182	19	of	of	ADP
gujaf-16	182	20	the	the	DET
gujaf-16	182	21	variation	variation	NOUN
gujaf-16	182	22	in	in	ADP
gujaf-16	182	23	firm	firm	NOUN
gujaf-16	182	24	’s	’s	PART
gujaf-16	182	25	capital	capital	NOUN
gujaf-16	182	26	structure	structure	NOUN
gujaf-16	182	27	in	in	ADP
gujaf-16	182	28	developing	develop	VERB
gujaf-16	182	29	nations	nation	NOUN
gujaf-16	182	30	.	.	PUNCT
gujaf-16	183	1	this	this	DET
gujaf-16	183	2	study	study	NOUN
gujaf-16	183	3	argues	argue	VERB
gujaf-16	183	4	and	and	CCONJ
gujaf-16	183	5	confirms	confirm	VERB
gujaf-16	183	6	that	that	SCONJ
gujaf-16	183	7	macroeconomic	macroeconomic	ADJ
gujaf-16	183	8	variables	variable	NOUN
gujaf-16	183	9	are	be	AUX
gujaf-16	183	10	the	the	DET
gujaf-16	183	11	potentially	potentially	ADV
gujaf-16	183	12	factors	factor	NOUN
gujaf-16	183	13	which	which	PRON
gujaf-16	183	14	explain	explain	VERB
gujaf-16	183	15	some	some	PRON
gujaf-16	183	16	of	of	ADP
gujaf-16	183	17	the	the	DET
gujaf-16	183	18	variation	variation	NOUN
gujaf-16	183	19	in	in	ADP
gujaf-16	183	20	firms	firm	NOUN
gujaf-16	183	21	’	'	PUNCT
gujaf-16	183	22	capital	capital	NOUN
gujaf-16	183	23	structure	structure	NOUN
gujaf-16	183	24	.	.	PUNCT
gujaf-16	184	1	as	as	SCONJ
gujaf-16	184	2	firms	firm	NOUN
gujaf-16	184	3	operate	operate	VERB
gujaf-16	184	4	with	with	ADP
gujaf-16	184	5	better	well	ADJ
gujaf-16	184	6	economic	economic	ADJ
gujaf-16	184	7	conditions	condition	NOUN
gujaf-16	184	8	,	,	PUNCT
gujaf-16	184	9	they	they	PRON
gujaf-16	184	10	proffer	proffer	VERB
gujaf-16	184	11	effective	effective	ADJ
gujaf-16	184	12	decisions	decision	NOUN
gujaf-16	184	13	of	of	ADP
gujaf-16	184	14	capital	capital	NOUN
gujaf-16	184	15	structure	structure	NOUN
gujaf-16	184	16	like	like	ADP
gujaf-16	184	17	optimal	optimal	ADJ
gujaf-16	184	18	capital	capital	NOUN
gujaf-16	184	19	structure	structure	NOUN
gujaf-16	184	20	;	;	PUNCT
gujaf-16	184	21	firms	firm	NOUN
gujaf-16	184	22	can	can	AUX
gujaf-16	184	23	increase	increase	VERB
gujaf-16	184	24	shareholders	shareholder	NOUN
gujaf-16	184	25	’	'	PUNCT
gujaf-16	184	26	returns	return	NOUN
gujaf-16	184	27	.	.	PUNCT
gujaf-16	185	1	the	the	DET
gujaf-16	185	2	results	result	NOUN
gujaf-16	185	3	reveal	reveal	VERB
gujaf-16	185	4	that	that	SCONJ
gujaf-16	185	5	macroeconomic	macroeconomic	ADJ
gujaf-16	185	6	variables	variable	NOUN
gujaf-16	185	7	are	be	AUX
gujaf-16	185	8	capital	capital	NOUN
gujaf-16	185	9	structure	structure	NOUN
gujaf-16	185	10	determinants	determinant	NOUN
gujaf-16	185	11	in	in	ADP
gujaf-16	185	12	developing	develop	VERB
gujaf-16	185	13	african	african	ADJ
gujaf-16	185	14	nations	nation	NOUN
gujaf-16	185	15	and	and	CCONJ
gujaf-16	185	16	results	result	NOUN
gujaf-16	185	17	are	be	AUX
gujaf-16	185	18	robust	robust	ADJ
gujaf-16	185	19	to	to	PART
gujaf-16	185	20	model	model	VERB
gujaf-16	185	21	alternative	alternative	ADJ
gujaf-16	185	22	specification	specification	NOUN
gujaf-16	185	23	and	and	CCONJ
gujaf-16	185	24	used	use	VERB
gujaf-16	185	25	different	different	ADJ
gujaf-16	185	26	macroeconomic	macroeconomic	ADJ
gujaf-16	185	27	variables	variable	NOUN
gujaf-16	185	28	.	.	PUNCT
gujaf-16	186	1	the	the	DET
gujaf-16	186	2	macroeconomic	macroeconomic	ADJ
gujaf-16	186	3	variables	variable	NOUN
gujaf-16	186	4	are	be	AUX
gujaf-16	186	5	significant	significant	ADJ
gujaf-16	186	6	statistically	statistically	ADV
gujaf-16	186	7	and	and	CCONJ
gujaf-16	186	8	related	relate	VERB
gujaf-16	186	9	positively	positively	ADV
gujaf-16	186	10	to	to	ADP
gujaf-16	186	11	debt	debt	NOUN
gujaf-16	186	12	.	.	PUNCT
gujaf-16	187	1	references	reference	NOUN
gujaf-16	187	2	acaravci	acaravci	PROPN
gujaf-16	187	3	,	,	PUNCT
gujaf-16	187	4	s.k	s.k	PROPN
gujaf-16	187	5	,	,	PUNCT
gujaf-16	187	6	(	(	PUNCT
gujaf-16	187	7	2015	2015	NUM
gujaf-16	187	8	):	):	PUNCT
gujaf-16	187	9	the	the	DET
gujaf-16	187	10	determinants	determinant	NOUN
gujaf-16	187	11	of	of	ADP
gujaf-16	187	12	capital	capital	NOUN
gujaf-16	187	13	structure	structure	NOUN
gujaf-16	187	14	:	:	PUNCT
gujaf-16	187	15	evidence	evidence	NOUN
gujaf-16	187	16	from	from	ADP
gujaf-16	187	17	the	the	DET
gujaf-16	187	18	turkish	turkish	ADJ
gujaf-16	187	19	anufacturing	anufacturing	NOUN
gujaf-16	187	20	sector	sector	NOUN
gujaf-16	187	21	.	.	PUNCT
gujaf-16	188	1	international	international	ADJ
gujaf-16	188	2	journal	journal	PROPN
gujaf-16	188	3	of	of	ADP
gujaf-16	188	4	economics	economic	NOUN
gujaf-16	188	5	and	and	CCONJ
gujaf-16	188	6	financial	financial	ADJ
gujaf-16	188	7	issues	issue	NOUN
gujaf-16	188	8	,	,	PUNCT
gujaf-16	188	9	5	5	NUM
gujaf-16	188	10	(	(	PUNCT
gujaf-16	188	11	2015	2015	NUM
gujaf-16	188	12	)	)	PUNCT
gujaf-16	188	13	no	no	INTJ
gujaf-16	188	14	.	.	NOUN
gujaf-16	188	15	1	1	NUM
gujaf-16	188	16	,	,	PUNCT
gujaf-16	188	17	158	158	NUM
gujaf-16	188	18	-	-	SYM
gujaf-16	188	19	171	171	NUM
gujaf-16	188	20	..	..	PUNCT
gujaf-16	188	21	ali	ali	PROPN
gujaf-16	188	22	,	,	PUNCT
gujaf-16	188	23	i.	i.	PROPN
gujaf-16	188	24	(	(	PUNCT
gujaf-16	188	25	2011	2011	NUM
gujaf-16	188	26	)	)	PUNCT
gujaf-16	188	27	.	.	PUNCT
gujaf-16	189	1	determinants	determinant	NOUN
gujaf-16	189	2	of	of	ADP
gujaf-16	189	3	capital	capital	NOUN
gujaf-16	189	4	structure	structure	NOUN
gujaf-16	189	5	:	:	PUNCT
gujaf-16	189	6	empirical	empirical	ADJ
gujaf-16	189	7	evidence	evidence	NOUN
gujaf-16	189	8	from	from	ADP
gujaf-16	189	9	pakistan	pakistan	PROPN
gujaf-16	189	10	.	.	PUNCT
gujaf-16	190	1	available	available	ADJ
gujaf-16	190	2	at	at	ADP
gujaf-16	190	3	ssrn	ssrn	PROPN
gujaf-16	190	4	1977024	1977024	NUM
gujaf-16	190	5	.	.	PUNCT
gujaf-16	191	1	gujaf	gujaf	NOUN
gujaf-16	191	2	:	:	PUNCT
gujaf-16	191	3	gusau	gusau	PROPN
gujaf-16	191	4	journal	journal	NOUN
gujaf-16	191	5	of	of	ADP
gujaf-16	191	6	accounting	accounting	NOUN
gujaf-16	191	7	and	and	CCONJ
gujaf-16	191	8	finance	finance	NOUN
gujaf-16	191	9	,	,	PUNCT
gujaf-16	191	10	vol	vol	NOUN
gujaf-16	191	11	.	.	PUNCT
gujaf-16	192	1	i	i	PRON
gujaf-16	192	2	,	,	PUNCT
gujaf-16	192	3	issue	issue	NOUN
gujaf-16	192	4	1	1	NUM
gujaf-16	192	5	,	,	PUNCT
gujaf-16	192	6	april	april	PROPN
gujaf-16	192	7	,	,	PUNCT
gujaf-16	192	8	2020	2020	NUM
gujaf-16	192	9	issn	issn	VERB
gujaf-16	192	10	2756	2756	NUM
gujaf-16	192	11	-	-	PUNCT
gujaf-16	192	12	665x	665x	PROPN
gujaf-16	192	13	13	13	NUM
gujaf-16	192	14	baltaci	baltaci	NOUN
gujaf-16	192	15	,	,	PUNCT
gujaf-16	192	16	n.	n.	NOUN
gujaf-16	192	17	,	,	PUNCT
gujaf-16	192	18	ayaydin	ayaydin	NOUN
gujaf-16	192	19	,	,	PUNCT
gujaf-16	192	20	h.	h.	PROPN
gujaf-16	192	21	(	(	PUNCT
gujaf-16	192	22	2014	2014	NUM
gujaf-16	192	23	)	)	PUNCT
gujaf-16	192	24	,	,	PUNCT
gujaf-16	192	25	firm	firm	NOUN
gujaf-16	192	26	,	,	PUNCT
gujaf-16	192	27	country	country	NOUN
gujaf-16	192	28	and	and	CCONJ
gujaf-16	192	29	macroeconomic	macroeconomic	ADJ
gujaf-16	192	30	determinants	determinant	NOUN
gujaf-16	192	31	of	of	ADP
gujaf-16	192	32	capital	capital	NOUN
gujaf-16	192	33	structure	structure	NOUN
gujaf-16	192	34	:	:	PUNCT
gujaf-16	192	35	evidence	evidence	NOUN
gujaf-16	192	36	from	from	ADP
gujaf-16	192	37	turkish	turkish	ADJ
gujaf-16	192	38	banking	banking	NOUN
gujaf-16	192	39	sector	sector	NOUN
gujaf-16	192	40	.	.	PUNCT
gujaf-16	193	1	emerging	emerge	VERB
gujaf-16	193	2	market	market	NOUN
gujaf-16	193	3	journal	journal	NOUN
gujaf-16	193	4	,	,	PUNCT
gujaf-16	193	5	3(3	3(3	NUM
gujaf-16	193	6	)	)	PUNCT
gujaf-16	193	7	,	,	PUNCT
gujaf-16	193	8	4	4	NUM
gujaf-16	193	9	-	-	SYM
gujaf-16	193	10	58	58	NUM
gujaf-16	193	11	.	.	PUNCT
gujaf-16	194	1	bokpin	bokpin	NOUN
gujaf-16	194	2	,	,	PUNCT
gujaf-16	194	3	g.a	g.a	PROPN
gujaf-16	194	4	.	.	PROPN
gujaf-16	194	5	(	(	PUNCT
gujaf-16	194	6	2009	2009	NUM
gujaf-16	194	7	)	)	PUNCT
gujaf-16	194	8	,	,	PUNCT
gujaf-16	194	9	macroeconomic	macroeconomic	ADJ
gujaf-16	194	10	development	development	NOUN
gujaf-16	194	11	and	and	CCONJ
gujaf-16	194	12	capital	capital	NOUN
gujaf-16	194	13	structure	structure	NOUN
gujaf-16	194	14	decisions	decision	NOUN
gujaf-16	194	15	of	of	ADP
gujaf-16	194	16	firms	firm	NOUN
gujaf-16	194	17	–	–	PUNCT
gujaf-16	194	18	evidence	evidence	NOUN
gujaf-16	194	19	from	from	ADP
gujaf-16	194	20	emerging	emerge	VERB
gujaf-16	194	21	market	market	NOUN
gujaf-16	194	22	economies	economy	NOUN
gujaf-16	194	23	.	.	PUNCT
gujaf-16	195	1	studies	study	NOUN
gujaf-16	195	2	in	in	ADP
gujaf-16	195	3	economics	economic	NOUN
gujaf-16	195	4	and	and	CCONJ
gujaf-16	195	5	finance	finance	NOUN
gujaf-16	195	6	,	,	PUNCT
gujaf-16	195	7	26	26	NUM
gujaf-16	195	8	,	,	PUNCT
gujaf-16	195	9	129	129	NUM
gujaf-16	195	10	-	-	SYM
gujaf-16	195	11	142	142	NUM
gujaf-16	195	12	.	.	PUNCT
gujaf-16	196	1	booth	booth	PROPN
gujaf-16	196	2	,	,	PUNCT
gujaf-16	196	3	l.	l.	PROPN
gujaf-16	196	4	,	,	PUNCT
gujaf-16	196	5	varouj	varouj	NOUN
gujaf-16	196	6	,	,	PUNCT
gujaf-16	196	7	a.	a.	NOUN
gujaf-16	196	8	,	,	PUNCT
gujaf-16	196	9	demirguc	demirguc	PROPN
gujaf-16	196	10	-	-	PUNCT
gujaf-16	196	11	kunt	kunt	PROPN
gujaf-16	196	12	,	,	PUNCT
gujaf-16	196	13	a.	a.	NOUN
gujaf-16	196	14	,	,	PUNCT
gujaf-16	196	15	and	and	CCONJ
gujaf-16	196	16	maksimovic	maksimovic	ADJ
gujaf-16	196	17	,	,	PUNCT
gujaf-16	196	18	v.	v.	ADV
gujaf-16	196	19	,	,	PUNCT
gujaf-16	196	20	(	(	PUNCT
gujaf-16	196	21	2001	2001	NUM
gujaf-16	196	22	)	)	PUNCT
gujaf-16	196	23	.	.	PUNCT
gujaf-16	197	1	capital	capital	NOUN
gujaf-16	197	2	structure	structure	NOUN
gujaf-16	197	3	in	in	ADP
gujaf-16	197	4	developing	develop	VERB
gujaf-16	197	5	countries	country	NOUN
gujaf-16	197	6	.	.	PUNCT
gujaf-16	198	1	journal	journal	PROPN
gujaf-16	198	2	of	of	ADP
gujaf-16	198	3	finance	finance	NOUN
gujaf-16	198	4	,	,	PUNCT
gujaf-16	198	5	56	56	NUM
gujaf-16	198	6	(	(	PUNCT
gujaf-16	198	7	1	1	NUM
gujaf-16	198	8	)	)	PUNCT
gujaf-16	198	9	,	,	PUNCT
gujaf-16	198	10	87	87	NUM
gujaf-16	198	11	-	-	SYM
gujaf-16	198	12	130	130	NUM
gujaf-16	198	13	.	.	PUNCT
gujaf-16	199	1	blundell	blundell	PROPN
gujaf-16	199	2	,	,	PUNCT
gujaf-16	199	3	r.	r.	PROPN
gujaf-16	199	4	,	,	PUNCT
gujaf-16	199	5	and	and	CCONJ
gujaf-16	199	6	bond	bond	NOUN
gujaf-16	199	7	,	,	PUNCT
gujaf-16	199	8	s.	s.	PROPN
gujaf-16	199	9	(	(	PUNCT
gujaf-16	199	10	1998	1998	NUM
gujaf-16	199	11	)	)	PUNCT
gujaf-16	199	12	.	.	PUNCT
gujaf-16	200	1	initial	initial	ADJ
gujaf-16	200	2	condition	condition	NOUN
gujaf-16	200	3	and	and	CCONJ
gujaf-16	200	4	moment	moment	NOUN
gujaf-16	200	5	restriction	restriction	NOUN
gujaf-16	200	6	in	in	ADP
gujaf-16	200	7	dynamic	dynamic	ADJ
gujaf-16	200	8	panel	panel	NOUN
gujaf-16	200	9	data	datum	NOUN
gujaf-16	200	10	models	model	NOUN
gujaf-16	200	11	.	.	PUNCT
gujaf-16	201	1	journal	journal	NOUN
gujaf-16	201	2	of	of	ADP
gujaf-16	201	3	econometrics	econometric	NOUN
gujaf-16	201	4	,	,	PUNCT
gujaf-16	201	5	87	87	NUM
gujaf-16	201	6	,	,	PUNCT
gujaf-16	201	7	115	115	NUM
gujaf-16	201	8	-	-	SYM
gujaf-16	201	9	143	143	NUM
gujaf-16	201	10	.	.	PUNCT
gujaf-16	202	1	bukhair	bukhair	PROPN
gujaf-16	202	2	,	,	PUNCT
gujaf-16	202	3	a.a.a	a.a.a	PROPN
gujaf-16	202	4	.	.	PROPN
gujaf-16	202	5	,	,	PUNCT
gujaf-16	202	6	(	(	PUNCT
gujaf-16	202	7	2018	2018	NUM
gujaf-16	202	8	)	)	PUNCT
gujaf-16	202	9	.	.	PUNCT
gujaf-16	203	1	factors	factor	NOUN
gujaf-16	203	2	influencing	influence	VERB
gujaf-16	203	3	islamic	islamic	PROPN
gujaf-16	203	4	bank	bank	PROPN
gujaf-16	203	5	’s	’s	PART
gujaf-16	203	6	capital	capital	NOUN
gujaf-16	203	7	structure	structure	NOUN
gujaf-16	203	8	in	in	ADP
gujaf-16	203	9	development	development	NOUN
gujaf-16	203	10	countries	country	NOUN
gujaf-16	203	11	.	.	PUNCT
gujaf-16	204	1	journal	journal	PROPN
gujaf-16	204	2	of	of	ADP
gujaf-16	204	3	islamic	islamic	PROPN
gujaf-16	204	4	accounting	accounting	PROPN
gujaf-16	204	5	and	and	CCONJ
gujaf-16	204	6	business	business	NOUN
gujaf-16	204	7	research	research	NOUN
gujaf-16	204	8	vol	vol	NOUN
gujaf-16	204	9	.	.	PROPN
gujaf-16	205	1	10	10	NUM
gujaf-16	205	2	,	,	PUNCT
gujaf-16	205	3	issue	issue	NOUN
gujaf-16	205	4	1	1	NUM
gujaf-16	205	5	,	,	PUNCT
gujaf-16	205	6	pages	page	NOUN
gujaf-16	205	7	2	2	NUM
gujaf-16	205	8	-	-	SYM
gujaf-16	205	9	20	20	NUM
gujaf-16	205	10	.	.	PUNCT
gujaf-16	206	1	chakraborty	chakraborty	PROPN
gujaf-16	206	2	,	,	PUNCT
gujaf-16	206	3	i.	i.	PROPN
gujaf-16	206	4	(	(	PUNCT
gujaf-16	206	5	2010	2010	NUM
gujaf-16	206	6	)	)	PUNCT
gujaf-16	206	7	.	.	PUNCT
gujaf-16	207	1	capital	capital	NOUN
gujaf-16	207	2	structure	structure	NOUN
gujaf-16	207	3	in	in	ADP
gujaf-16	207	4	an	an	DET
gujaf-16	207	5	emerging	emerge	VERB
gujaf-16	207	6	stock	stock	NOUN
gujaf-16	207	7	market	market	NOUN
gujaf-16	207	8	:	:	PUNCT
gujaf-16	207	9	the	the	DET
gujaf-16	207	10	case	case	NOUN
gujaf-16	207	11	of	of	ADP
gujaf-16	207	12	india	india	PROPN
gujaf-16	207	13	.	.	PUNCT
gujaf-16	208	1	research	research	NOUN
gujaf-16	208	2	in	in	ADP
gujaf-16	208	3	international	international	ADJ
gujaf-16	208	4	business	business	NOUN
gujaf-16	208	5	and	and	CCONJ
gujaf-16	208	6	finance	finance	NOUN
gujaf-16	208	7	,	,	PUNCT
gujaf-16	208	8	24	24	NUM
gujaf-16	208	9	,	,	PUNCT
gujaf-16	208	10	295	295	NUM
gujaf-16	208	11	-	-	SYM
gujaf-16	208	12	314	314	NUM
gujaf-16	208	13	.	.	PUNCT
gujaf-16	209	1	chakrabarti	chakrabarti	PROPN
gujaf-16	209	2	,	,	PUNCT
gujaf-16	209	3	a	a	PRON
gujaf-16	209	4	and	and	CCONJ
gujaf-16	209	5	chakrabarti	chakrabarti	PROPN
gujaf-16	209	6	,	,	PUNCT
gujaf-16	209	7	a.	a.	NOUN
gujaf-16	209	8	(	(	PUNCT
gujaf-16	209	9	2019	2019	NUM
gujaf-16	209	10	):	):	PUNCT
gujaf-16	209	11	the	the	DET
gujaf-16	209	12	capital	capital	NOUN
gujaf-16	209	13	structure	structure	NOUN
gujaf-16	209	14	puzzle	puzzle	NOUN
gujaf-16	209	15	:	:	PUNCT
gujaf-16	209	16	evidence	evidence	NOUN
gujaf-16	209	17	from	from	ADP
gujaf-16	209	18	india	india	PROPN
gujaf-16	209	19	energy	energy	NOUN
gujaf-16	209	20	sector	sector	NOUN
gujaf-16	209	21	.	.	PUNCT
gujaf-16	210	1	international	international	ADJ
gujaf-16	210	2	journal	journal	PROPN
gujaf-16	210	3	of	of	ADP
gujaf-16	210	4	energy	energy	NOUN
gujaf-16	210	5	sector	sector	NOUN
gujaf-16	210	6	management	management	NOUN
gujaf-16	210	7	vol	vol	NOUN
gujaf-16	210	8	.	.	PROPN
gujaf-16	211	1	13	13	NUM
gujaf-16	212	1	no	no	NOUN
gujaf-16	212	2	.	.	NOUN
gujaf-16	212	3	1	1	NUM
gujaf-16	212	4	,	,	PUNCT
gujaf-16	212	5	2019	2019	NUM
gujaf-16	212	6	pp	pp	NOUN
gujaf-16	212	7	.	.	PUNCT
gujaf-16	213	1	2	2	NUM
gujaf-16	213	2	-	-	SYM
gujaf-16	213	3	23	23	NUM
gujaf-16	213	4	.	.	PUNCT
gujaf-16	214	1	dakua	dakua	PROPN
gujaf-16	214	2	,	,	PUNCT
gujaf-16	214	3	s.	s.	PROPN
gujaf-16	214	4	(	(	PUNCT
gujaf-16	214	5	2018	2018	NUM
gujaf-16	214	6	):	):	PUNCT
gujaf-16	214	7	effect	effect	NOUN
gujaf-16	214	8	of	of	ADP
gujaf-16	214	9	determinants	determinant	NOUN
gujaf-16	214	10	on	on	ADP
gujaf-16	214	11	financial	financial	ADJ
gujaf-16	214	12	leverage	leverage	NOUN
gujaf-16	214	13	in	in	ADP
gujaf-16	214	14	indian	indian	ADJ
gujaf-16	214	15	steel	steel	NOUN
gujaf-16	214	16	industry	industry	NOUN
gujaf-16	214	17	:	:	PUNCT
gujaf-16	214	18	a	a	DET
gujaf-16	214	19	study	study	NOUN
gujaf-16	214	20	on	on	ADP
gujaf-16	214	21	capital	capital	NOUN
gujaf-16	214	22	structure	structure	NOUN
gujaf-16	214	23	.	.	PUNCT
gujaf-16	215	1	international	international	ADJ
gujaf-16	215	2	journal	journal	PROPN
gujaf-16	215	3	of	of	ADP
gujaf-16	215	4	finance	finance	NOUN
gujaf-16	215	5	and	and	CCONJ
gujaf-16	215	6	economics	economic	NOUN
gujaf-16	215	7	.	.	PUNCT
gujaf-16	216	1	dang	dang	PROPN
gujaf-16	216	2	,	,	PUNCT
gujaf-16	216	3	v.a	v.a	PROPN
gujaf-16	216	4	.	.	PROPN
gujaf-16	216	5	(	(	PUNCT
gujaf-16	216	6	2013	2013	NUM
gujaf-16	216	7	):	):	PUNCT
gujaf-16	216	8	testing	testing	NOUN
gujaf-16	216	9	capital	capital	NOUN
gujaf-16	216	10	structure	structure	NOUN
gujaf-16	216	11	theories	theory	NOUN
gujaf-16	216	12	using	use	VERB
gujaf-16	216	13	error	error	NOUN
gujaf-16	216	14	correction	correction	NOUN
gujaf-16	216	15	models	model	NOUN
gujaf-16	216	16	:	:	PUNCT
gujaf-16	216	17	evidence	evidence	NOUN
gujaf-16	216	18	from	from	ADP
gujaf-16	216	19	the	the	DET
gujaf-16	216	20	uk	uk	PROPN
gujaf-16	216	21	,	,	PUNCT
gujaf-16	216	22	france	france	PROPN
gujaf-16	216	23	and	and	CCONJ
gujaf-16	216	24	germany	germany	PROPN
gujaf-16	216	25	.	.	PUNCT
gujaf-16	217	1	applied	apply	VERB
gujaf-16	217	2	economics	economic	NOUN
gujaf-16	217	3	45	45	NUM
gujaf-16	217	4	,	,	PUNCT
gujaf-16	217	5	171	171	NUM
gujaf-16	217	6	–	–	PUNCT
gujaf-16	217	7	190	190	NUM
gujaf-16	217	8	.	.	PUNCT
gujaf-16	217	9	de	de	X
gujaf-16	217	10	angelo	angelo	PROPN
gujaf-16	217	11	,	,	PUNCT
gujaf-16	217	12	h.	h.	PROPN
gujaf-16	217	13	,	,	PUNCT
gujaf-16	217	14	&	&	CCONJ
gujaf-16	217	15	masulis	masulis	PROPN
gujaf-16	217	16	,	,	PUNCT
gujaf-16	217	17	r.	r.	PROPN
gujaf-16	217	18	w.	w.	PROPN
gujaf-16	217	19	(	(	PUNCT
gujaf-16	217	20	1980	1980	NUM
gujaf-16	217	21	):	):	PUNCT
gujaf-16	217	22	optimal	optimal	ADJ
gujaf-16	217	23	capital	capital	NOUN
gujaf-16	217	24	structure	structure	NOUN
gujaf-16	217	25	under	under	ADP
gujaf-16	217	26	corporate	corporate	ADJ
gujaf-16	217	27	and	and	CCONJ
gujaf-16	217	28	personal	personal	ADJ
gujaf-16	217	29	taxation	taxation	NOUN
gujaf-16	217	30	.	.	PUNCT
gujaf-16	218	1	journal	journal	NOUN
gujaf-16	218	2	of	of	ADP
gujaf-16	218	3	financial	financial	ADJ
gujaf-16	218	4	economics	economic	NOUN
gujaf-16	218	5	,	,	PUNCT
gujaf-16	218	6	8(1	8(1	NOUN
gujaf-16	218	7	)	)	PUNCT
gujaf-16	218	8	,	,	PUNCT
gujaf-16	219	1	3–29	3–29	PROPN
gujaf-16	219	2	.	.	PUNCT
gujaf-16	220	1	de	de	PROPN
gujaf-16	220	2	jong	jong	PROPN
gujaf-16	220	3	,	,	PUNCT
gujaf-16	220	4	a.	a.	PROPN
gujaf-16	220	5	,	,	PUNCT
gujaf-16	220	6	kabir	kabir	PROPN
gujaf-16	220	7	,	,	PUNCT
gujaf-16	220	8	r.	r.	PROPN
gujaf-16	220	9	,	,	PUNCT
gujaf-16	220	10	&	&	CCONJ
gujaf-16	220	11	nguyen	nguyen	PROPN
gujaf-16	220	12	,	,	PUNCT
gujaf-16	220	13	t.	t.	PROPN
gujaf-16	220	14	t.	t.	PROPN
gujaf-16	220	15	(	(	PUNCT
gujaf-16	220	16	2008	2008	NUM
gujaf-16	220	17	)	)	PUNCT
gujaf-16	220	18	.	.	PUNCT
gujaf-16	221	1	capital	capital	NOUN
gujaf-16	221	2	structure	structure	NOUN
gujaf-16	221	3	around	around	ADP
gujaf-16	221	4	the	the	DET
gujaf-16	221	5	world	world	NOUN
gujaf-16	221	6	:	:	PUNCT
gujaf-16	221	7	the	the	DET
gujaf-16	221	8	roles	role	NOUN
gujaf-16	221	9	of	of	ADP
gujaf-16	221	10	firm	firm	NOUN
gujaf-16	221	11	and	and	CCONJ
gujaf-16	221	12	country	country	NOUN
gujaf-16	221	13	specific	specific	ADJ
gujaf-16	221	14	determinants	determinant	NOUN
gujaf-16	221	15	.	.	PUNCT
gujaf-16	222	1	journal	journal	NOUN
gujaf-16	222	2	of	of	ADP
gujaf-16	222	3	banking	banking	NOUN
gujaf-16	222	4	&	&	CCONJ
gujaf-16	222	5	finance	finance	NOUN
gujaf-16	222	6	,	,	PUNCT
gujaf-16	222	7	32(9	32(9	NUM
gujaf-16	222	8	)	)	PUNCT
gujaf-16	222	9	,	,	PUNCT
gujaf-16	222	10	1954	1954	NUM
gujaf-16	222	11	–	–	PUNCT
gujaf-16	222	12	1969	1969	NUM
gujaf-16	222	13	.	.	PUNCT
gujaf-16	223	1	demirguc	demirguc	PROPN
gujaf-16	223	2	-	-	PUNCT
gujaf-16	223	3	kunt	kunt	PROPN
gujaf-16	223	4	,	,	PUNCT
gujaf-16	223	5	a.	a.	NOUN
gujaf-16	223	6	and	and	CCONJ
gujaf-16	223	7	maksimovic	maksimovic	ADJ
gujaf-16	223	8	,	,	PUNCT
gujaf-16	223	9	v.	v.	ADV
gujaf-16	223	10	,	,	PUNCT
gujaf-16	223	11	(	(	PUNCT
gujaf-16	223	12	1996	1996	NUM
gujaf-16	223	13	):	):	PUNCT
gujaf-16	223	14	stock	stock	NOUN
gujaf-16	223	15	market	market	NOUN
gujaf-16	223	16	development	development	NOUN
gujaf-16	223	17	and	and	CCONJ
gujaf-16	223	18	firm	firm	ADJ
gujaf-16	223	19	financing	financing	NOUN
gujaf-16	223	20	choices	choice	NOUN
gujaf-16	223	21	.	.	PUNCT
gujaf-16	224	1	world	world	PROPN
gujaf-16	224	2	bank	bank	PROPN
gujaf-16	224	3	economic	economic	PROPN
gujaf-16	224	4	review	review	PROPN
gujaf-16	224	5	,	,	PUNCT
gujaf-16	224	6	10(2	10(2	NUM
gujaf-16	224	7	)	)	PUNCT
gujaf-16	224	8	,	,	PUNCT
gujaf-16	224	9	341	341	NUM
gujaf-16	224	10	-	-	SYM
gujaf-16	224	11	369	369	NUM
gujaf-16	224	12	.	.	PUNCT
gujaf-16	225	1	dincergok	dincergok	PROPN
gujaf-16	225	2	,	,	PUNCT
gujaf-16	225	3	b.	b.	PROPN
gujaf-16	225	4	,	,	PUNCT
gujaf-16	225	5	&	&	CCONJ
gujaf-16	225	6	yalciner	yalciner	PROPN
gujaf-16	225	7	,	,	PUNCT
gujaf-16	225	8	k.	k.	PROPN
gujaf-16	225	9	(	(	PUNCT
gujaf-16	225	10	2011	2011	NUM
gujaf-16	225	11	)	)	PUNCT
gujaf-16	225	12	.	.	PUNCT
gujaf-16	226	1	capital	capital	NOUN
gujaf-16	226	2	structure	structure	NOUN
gujaf-16	226	3	decisions	decision	NOUN
gujaf-16	226	4	of	of	ADP
gujaf-16	226	5	manufacturing	manufacturing	NOUN
gujaf-16	226	6	firms	firm	NOUN
gujaf-16	226	7	’	'	PUNCT
gujaf-16	226	8	in	in	ADP
gujaf-16	226	9	developing	develop	VERB
gujaf-16	226	10	countries	country	NOUN
gujaf-16	226	11	.	.	PUNCT
gujaf-16	227	1	middle	middle	ADJ
gujaf-16	227	2	eastern	eastern	ADJ
gujaf-16	227	3	finance	finance	NOUN
gujaf-16	227	4	and	and	CCONJ
gujaf-16	227	5	economics	economic	NOUN
gujaf-16	227	6	,	,	PUNCT
gujaf-16	227	7	12	12	NUM
gujaf-16	227	8	,	,	PUNCT
gujaf-16	227	9	april	april	PROPN
gujaf-16	227	10	,	,	PUNCT
gujaf-16	227	11	2011	2011	NUM
gujaf-16	227	12	,	,	PUNCT
gujaf-16	227	13	86–100	86–100	PROPN
gujaf-16	227	14	drobetz	drobetz	VERB
gujaf-16	227	15	,	,	PUNCT
gujaf-16	227	16	w.	w.	PROPN
gujaf-16	227	17	,	,	PUNCT
gujaf-16	227	18	gounopoulos	gounopoulos	PROPN
gujaf-16	227	19	,	,	PUNCT
gujaf-16	227	20	d.	d.	PROPN
gujaf-16	227	21	,	,	PUNCT
gujaf-16	227	22	merikas	merikas	PROPN
gujaf-16	227	23	,	,	PUNCT
gujaf-16	227	24	a.	a.	NOUN
gujaf-16	227	25	,	,	PUNCT
gujaf-16	227	26	schröder	schröder	NOUN
gujaf-16	227	27	,	,	PUNCT
gujaf-16	227	28	h.	h.	PROPN
gujaf-16	227	29	(	(	PUNCT
gujaf-16	227	30	2013	2013	NUM
gujaf-16	227	31	):	):	PUNCT
gujaf-16	227	32	capital	capital	NOUN
gujaf-16	227	33	structure	structure	NOUN
gujaf-16	227	34	decisions	decision	NOUN
gujaf-16	227	35	of	of	ADP
gujaf-16	227	36	globally	globally	ADV
gujaf-16	227	37	-	-	PUNCT
gujaf-16	227	38	listed	list	VERB
gujaf-16	227	39	shipping	shipping	NOUN
gujaf-16	227	40	companies	company	NOUN
gujaf-16	227	41	.	.	PUNCT
gujaf-16	228	1	transportation	transportation	NOUN
gujaf-16	228	2	research	research	NOUN
gujaf-16	228	3	part	part	NOUN
gujaf-16	228	4	e	e	NOUN
gujaf-16	228	5	:	:	PUNCT
gujaf-16	228	6	logistics	logistic	NOUN
gujaf-16	228	7	and	and	CCONJ
gujaf-16	228	8	transportation	transportation	NOUN
gujaf-16	228	9	review	review	NOUN
gujaf-16	228	10	52	52	NUM
gujaf-16	228	11	,	,	PUNCT
gujaf-16	228	12	49–76	49–76	NUM
gujaf-16	228	13	.	.	PUNCT
gujaf-16	229	1	gujaf	gujaf	NOUN
gujaf-16	229	2	:	:	PUNCT
gujaf-16	229	3	gusau	gusau	PROPN
gujaf-16	229	4	journal	journal	NOUN
gujaf-16	229	5	of	of	ADP
gujaf-16	229	6	accounting	accounting	NOUN
gujaf-16	229	7	and	and	CCONJ
gujaf-16	229	8	finance	finance	NOUN
gujaf-16	229	9	,	,	PUNCT
gujaf-16	229	10	vol	vol	NOUN
gujaf-16	229	11	.	.	PUNCT
gujaf-16	230	1	i	i	PRON
gujaf-16	230	2	,	,	PUNCT
gujaf-16	230	3	issue	issue	NOUN
gujaf-16	230	4	1	1	NUM
gujaf-16	230	5	,	,	PUNCT
gujaf-16	230	6	april	april	PROPN
gujaf-16	230	7	,	,	PUNCT
gujaf-16	230	8	2020	2020	NUM
gujaf-16	230	9	issn	issn	VERB
gujaf-16	230	10	2756	2756	NUM
gujaf-16	230	11	-	-	PUNCT
gujaf-16	230	12	665x	665x	NOUN
gujaf-16	230	13	14	14	NUM
gujaf-16	230	14	drobetz	drobetz	VERB
gujaf-16	230	15	,	,	PUNCT
gujaf-16	230	16	w.	w.	PROPN
gujaf-16	230	17	and	and	CCONJ
gujaf-16	230	18	wanzenried	wanzenrie	VERB
gujaf-16	230	19	,	,	PUNCT
gujaf-16	230	20	g.	g.	PROPN
gujaf-16	230	21	(	(	PUNCT
gujaf-16	230	22	2006	2006	NUM
gujaf-16	230	23	)	)	PUNCT
gujaf-16	230	24	.	.	PUNCT
gujaf-16	231	1	what	what	PRON
gujaf-16	231	2	determines	determine	VERB
gujaf-16	231	3	the	the	DET
gujaf-16	231	4	speed	speed	NOUN
gujaf-16	231	5	of	of	ADP
gujaf-16	231	6	adjustment	adjustment	NOUN
gujaf-16	231	7	to	to	ADP
gujaf-16	231	8	the	the	DET
gujaf-16	231	9	target	target	NOUN
gujaf-16	231	10	capital	capital	NOUN
gujaf-16	231	11	structure?.applied	structure?.applie	VERB
gujaf-16	231	12	financial	financial	ADJ
gujaf-16	231	13	economics	economic	NOUN
gujaf-16	231	14	,	,	PUNCT
gujaf-16	231	15	16(13	16(13	NUM
gujaf-16	231	16	)	)	PUNCT
gujaf-16	231	17	,	,	PUNCT
gujaf-16	231	18	941958	941958	NUM
gujaf-16	231	19	.	.	PUNCT
gujaf-16	232	1	frank	frank	PROPN
gujaf-16	232	2	,	,	PUNCT
gujaf-16	232	3	m.	m.	NOUN
gujaf-16	232	4	and	and	CCONJ
gujaf-16	232	5	goyal	goyal	PROPN
gujaf-16	232	6	,	,	PUNCT
gujaf-16	232	7	v.	v.	ADV
gujaf-16	232	8	,	,	PUNCT
gujaf-16	232	9	(	(	PUNCT
gujaf-16	232	10	2009	2009	NUM
gujaf-16	232	11	)	)	PUNCT
gujaf-16	232	12	.	.	PUNCT
gujaf-16	233	1	capital	capital	NOUN
gujaf-16	233	2	structure	structure	NOUN
gujaf-16	233	3	decisions	decision	NOUN
gujaf-16	233	4	:	:	PUNCT
gujaf-16	233	5	which	which	DET
gujaf-16	233	6	factors	factor	NOUN
gujaf-16	233	7	are	be	AUX
gujaf-16	233	8	reliably	reliably	ADV
gujaf-16	233	9	important	important	ADJ
gujaf-16	233	10	?	?	PUNCT
gujaf-16	234	1	financial	financial	ADJ
gujaf-16	234	2	management	management	NOUN
gujaf-16	234	3	38	38	NUM
gujaf-16	234	4	,	,	PUNCT
gujaf-16	234	5	1	1	NUM
gujaf-16	234	6	-	-	SYM
gujaf-16	234	7	37	37	NUM
gujaf-16	234	8	.	.	PUNCT
gujaf-16	235	1	gajurel	gajurel	PROPN
gujaf-16	235	2	,	,	PUNCT
gujaf-16	235	3	d.	d.	PROPN
gujaf-16	235	4	p.	p.	PROPN
gujaf-16	235	5	(	(	PUNCT
gujaf-16	235	6	2006	2006	NUM
gujaf-16	235	7	)	)	PUNCT
gujaf-16	235	8	.	.	PUNCT
gujaf-16	236	1	macroeconomic	macroeconomic	ADJ
gujaf-16	236	2	influences	influence	NOUN
gujaf-16	236	3	on	on	ADP
gujaf-16	236	4	corporate	corporate	ADJ
gujaf-16	236	5	capital	capital	NOUN
gujaf-16	236	6	structure	structure	NOUN
gujaf-16	236	7	.	.	PUNCT
gujaf-16	237	1	available	available	ADJ
gujaf-16	237	2	at	at	ADP
gujaf-16	237	3	ssrn	ssrn	NOUN
gujaf-16	237	4	:	:	PUNCT
gujaf-16	237	5	http://ssrn.com/abstract=899049	http://ssrn.com/abstract=899049	PROPN
gujaf-16	237	6	or	or	CCONJ
gujaf-16	237	7	http://dx.doi.org/10.2139/ssrn.899049	http://dx.doi.org/10.2139/ssrn.899049	PROPN
gujaf-16	237	8	gormley	gormley	PROPN
gujaf-16	237	9	,	,	PUNCT
gujaf-16	237	10	t.a	t.a	PROPN
gujaf-16	237	11	.	.	PROPN
gujaf-16	237	12	,	,	PUNCT
gujaf-16	237	13	and	and	CCONJ
gujaf-16	237	14	matsa	matsa	NOUN
gujaf-16	237	15	,	,	PUNCT
gujaf-16	237	16	d.a	d.a	PROPN
gujaf-16	237	17	.	.	PROPN
gujaf-16	238	1	(	(	PUNCT
gujaf-16	238	2	2013	2013	NUM
gujaf-16	238	3	):	):	PUNCT
gujaf-16	238	4	common	common	ADJ
gujaf-16	238	5	errors	error	NOUN
gujaf-16	238	6	:	:	PUNCT
gujaf-16	238	7	how	how	SCONJ
gujaf-16	238	8	to	to	PART
gujaf-16	238	9	(	(	PUNCT
gujaf-16	238	10	and	and	CCONJ
gujaf-16	238	11	not	not	PART
gujaf-16	238	12	to	to	PART
gujaf-16	238	13	)	)	PUNCT
gujaf-16	238	14	control	control	VERB
gujaf-16	238	15	for	for	ADP
gujaf-16	238	16	unobserved	unobserved	ADJ
gujaf-16	238	17	heterogeneity	heterogeneity	NOUN
gujaf-16	238	18	.	.	PUNCT
gujaf-16	239	1	review	review	NOUN
gujaf-16	239	2	of	of	ADP
gujaf-16	239	3	financial	financial	ADJ
gujaf-16	239	4	studies	study	NOUN
gujaf-16	239	5	,	,	PUNCT
gujaf-16	239	6	27(2	27(2	NUM
gujaf-16	239	7	)	)	PUNCT
gujaf-16	239	8	,	,	PUNCT
gujaf-16	239	9	617	617	NUM
gujaf-16	239	10	-	-	SYM
gujaf-16	239	11	661	661	NUM
gujaf-16	239	12	.	.	PUNCT
gujaf-16	240	1	gungoraydinoglui	gungoraydinoglui	NOUN
gujaf-16	240	2	,	,	PUNCT
gujaf-16	240	3	a.	a.	NOUN
gujaf-16	240	4	,	,	PUNCT
gujaf-16	240	5	oztekin	oztekin	ADJ
gujaf-16	240	6	,	,	PUNCT
gujaf-16	240	7	o.	o.	PROPN
gujaf-16	240	8	(	(	PUNCT
gujaf-16	240	9	2011	2011	NUM
gujaf-16	240	10	):	):	PUNCT
gujaf-16	240	11	firmand	firmand	NOUN
gujaf-16	240	12	country	country	NOUN
gujaf-16	240	13	level	level	NOUN
gujaf-16	240	14	determinants	determinant	NOUN
gujaf-16	240	15	of	of	ADP
gujaf-16	240	16	corporate	corporate	ADJ
gujaf-16	240	17	leverage	leverage	NOUN
gujaf-16	240	18	:	:	PUNCT
gujaf-16	240	19	some	some	DET
gujaf-16	240	20	new	new	ADJ
gujaf-16	240	21	i̇nternational	i̇nternational	ADJ
gujaf-16	240	22	evidence	evidence	NOUN
gujaf-16	240	23	”	"	PUNCT
gujaf-16	240	24	.	.	PUNCT
gujaf-16	241	1	journal	journal	NOUN
gujaf-16	241	2	of	of	ADP
gujaf-16	241	3	corporate	corporate	ADJ
gujaf-16	241	4	finance	finance	NOUN
gujaf-16	241	5	17	17	NUM
gujaf-16	241	6	,	,	PUNCT
gujaf-16	241	7	1457–1474	1457–1474	NUM
gujaf-16	241	8	.	.	PUNCT
gujaf-16	242	1	hanousek	hanousek	PROPN
gujaf-16	242	2	,	,	PUNCT
gujaf-16	242	3	j.	j.	PROPN
gujaf-16	242	4	and	and	CCONJ
gujaf-16	242	5	shamshur	shamshur	PROPN
gujaf-16	242	6	,	,	PUNCT
gujaf-16	242	7	a.	a.	NOUN
gujaf-16	242	8	(	(	PUNCT
gujaf-16	242	9	2011	2011	NUM
gujaf-16	242	10	)	)	PUNCT
gujaf-16	242	11	.	.	PUNCT
gujaf-16	243	1	a	a	DET
gujaf-16	243	2	stubborn	stubborn	ADJ
gujaf-16	243	3	persistent	persistent	NOUN
gujaf-16	243	4	:	:	PUNCT
gujaf-16	243	5	is	be	AUX
gujaf-16	243	6	the	the	DET
gujaf-16	243	7	stability	stability	NOUN
gujaf-16	243	8	of	of	ADP
gujaf-16	243	9	leverage	leverage	NOUN
gujaf-16	243	10	ratios	ratio	NOUN
gujaf-16	243	11	determined	determine	VERB
gujaf-16	243	12	by	by	ADP
gujaf-16	243	13	the	the	DET
gujaf-16	243	14	stability	stability	NOUN
gujaf-16	243	15	of	of	ADP
gujaf-16	243	16	the	the	DET
gujaf-16	243	17	economy	economy	NOUN
gujaf-16	243	18	.	.	PUNCT
gujaf-16	244	1	journal	journal	NOUN
gujaf-16	244	2	of	of	ADP
gujaf-16	244	3	corporate	corporate	ADJ
gujaf-16	244	4	finance	finance	NOUN
gujaf-16	244	5	,	,	PUNCT
gujaf-16	244	6	17(5	17(5	NUM
gujaf-16	244	7	)	)	PUNCT
gujaf-16	244	8	,	,	PUNCT
gujaf-16	244	9	1360	1360	NUM
gujaf-16	244	10	-	-	SYM
gujaf-16	244	11	1376	1376	NUM
gujaf-16	244	12	.	.	PUNCT
gujaf-16	245	1	iwarere	iwarere	PROPN
gujaf-16	245	2	,	,	PUNCT
gujaf-16	245	3	h.t	h.t	PROPN
gujaf-16	245	4	.	.	PROPN
gujaf-16	245	5	and	and	CCONJ
gujaf-16	245	6	akinleye	akinleye	NOUN
gujaf-16	245	7	,	,	PUNCT
gujaf-16	245	8	g.t	g.t	PROPN
gujaf-16	245	9	.	.	PROPN
gujaf-16	245	10	(	(	PUNCT
gujaf-16	245	11	2010	2010	NUM
gujaf-16	245	12	):	):	PUNCT
gujaf-16	245	13	capital	capital	NOUN
gujaf-16	245	14	structure	structure	NOUN
gujaf-16	245	15	determinants	determinant	NOUN
gujaf-16	245	16	in	in	ADP
gujaf-16	245	17	the	the	DET
gujaf-16	245	18	nigerian	nigerian	ADJ
gujaf-16	245	19	banking	banking	NOUN
gujaf-16	245	20	industry	industry	NOUN
gujaf-16	245	21	:	:	PUNCT
gujaf-16	245	22	financial	financial	ADJ
gujaf-16	245	23	managers	manager	NOUN
gujaf-16	245	24	’	’	PART
gujaf-16	245	25	perspective	perspective	NOUN
gujaf-16	245	26	.	.	PUNCT
gujaf-16	246	1	pakistan	pakistan	PROPN
gujaf-16	246	2	journal	journal	PROPN
gujaf-16	246	3	of	of	ADP
gujaf-16	246	4	social	social	ADJ
gujaf-16	246	5	sciences	science	NOUN
gujaf-16	246	6	,	,	PUNCT
gujaf-16	246	7	vol	vol	NOUN
gujaf-16	246	8	.	.	PROPN
gujaf-16	246	9	7	7	NUM
gujaf-16	246	10	,	,	PUNCT
gujaf-16	246	11	no	no	INTJ
gujaf-16	246	12	.	.	NOUN
gujaf-16	246	13	3	3	NUM
gujaf-16	246	14	,	,	PUNCT
gujaf-16	246	15	pp	pp	ADJ
gujaf-16	246	16	.	.	PUNCT
gujaf-16	247	1	205	205	NUM
gujaf-16	247	2	-	-	SYM
gujaf-16	247	3	213	213	NUM
gujaf-16	247	4	kayo	kayo	NOUN
gujaf-16	247	5	,	,	PUNCT
gujaf-16	247	6	e.	e.	PROPN
gujaf-16	247	7	k.	k.	PROPN
gujaf-16	247	8	,	,	PUNCT
gujaf-16	247	9	and	and	CCONJ
gujaf-16	247	10	kimura	kimura	NOUN
gujaf-16	247	11	,	,	PUNCT
gujaf-16	247	12	h.	h.	PROPN
gujaf-16	247	13	(	(	PUNCT
gujaf-16	247	14	2011	2011	NUM
gujaf-16	247	15	):	):	PUNCT
gujaf-16	247	16	hierarchical	hierarchical	ADJ
gujaf-16	247	17	determinants	determinant	NOUN
gujaf-16	247	18	of	of	ADP
gujaf-16	247	19	capital	capital	NOUN
gujaf-16	247	20	structure	structure	NOUN
gujaf-16	247	21	.	.	PUNCT
gujaf-16	248	1	journal	journal	NOUN
gujaf-16	248	2	of	of	ADP
gujaf-16	248	3	banking	banking	NOUN
gujaf-16	248	4	and	and	CCONJ
gujaf-16	248	5	finance	finance	NOUN
gujaf-16	248	6	35	35	NUM
gujaf-16	248	7	,	,	PUNCT
gujaf-16	248	8	358–371	358–371	NUM
gujaf-16	248	9	.	.	PUNCT
gujaf-16	249	1	khemiri	khemiri	PROPN
gujaf-16	249	2	,	,	PUNCT
gujaf-16	249	3	w.	w.	PROPN
gujaf-16	249	4	and	and	CCONJ
gujaf-16	249	5	noubbigh	noubbigh	PROPN
gujaf-16	249	6	,	,	PUNCT
gujaf-16	249	7	h.	h.	PROPN
gujaf-16	249	8	,	,	PUNCT
gujaf-16	249	9	(	(	PUNCT
gujaf-16	249	10	2018	2018	NUM
gujaf-16	249	11	):	):	PUNCT
gujaf-16	249	12	determinants	determinant	NOUN
gujaf-16	249	13	capital	capital	NOUN
gujaf-16	249	14	structure	structure	NOUN
gujaf-16	249	15	:	:	PUNCT
gujaf-16	249	16	evidence	evidence	NOUN
gujaf-16	249	17	from	from	ADP
gujaf-16	249	18	sub	sub	ADJ
gujaf-16	249	19	-	-	ADJ
gujaf-16	249	20	saharan	saharan	ADJ
gujaf-16	249	21	africa	africa	PROPN
gujaf-16	249	22	firms	firm	NOUN
gujaf-16	249	23	.	.	PUNCT
gujaf-16	250	1	quarterly	quarterly	ADJ
gujaf-16	250	2	review	review	NOUN
gujaf-16	250	3	of	of	ADP
gujaf-16	250	4	economics	economic	NOUN
gujaf-16	250	5	and	and	CCONJ
gujaf-16	250	6	finance	finance	NOUN
gujaf-16	250	7	,	,	PUNCT
gujaf-16	250	8	2018	2018	NUM
gujaf-16	250	9	.	.	PUNCT
gujaf-16	251	1	kraus	kraus	PROPN
gujaf-16	251	2	,	,	PUNCT
gujaf-16	251	3	a.	a.	PROPN
gujaf-16	251	4	,	,	PUNCT
gujaf-16	251	5	&	&	CCONJ
gujaf-16	251	6	litzenberger	litzenberger	PROPN
gujaf-16	251	7	,	,	PUNCT
gujaf-16	251	8	r.	r.	PROPN
gujaf-16	251	9	h.	h.	PROPN
gujaf-16	251	10	(	(	PUNCT
gujaf-16	251	11	1973	1973	NUM
gujaf-16	251	12	)	)	PUNCT
gujaf-16	251	13	.	.	PUNCT
gujaf-16	252	1	a	a	DET
gujaf-16	252	2	state	state	NOUN
gujaf-16	252	3	-	-	PUNCT
gujaf-16	252	4	preference	preference	NOUN
gujaf-16	252	5	model	model	NOUN
gujaf-16	252	6	of	of	ADP
gujaf-16	252	7	optimal	optimal	ADJ
gujaf-16	252	8	financial	financial	ADJ
gujaf-16	252	9	leverage	leverage	NOUN
gujaf-16	252	10	.	.	PUNCT
gujaf-16	253	1	journal	journal	NOUN
gujaf-16	253	2	of	of	ADP
gujaf-16	253	3	finance	finance	NOUN
gujaf-16	253	4	,	,	PUNCT
gujaf-16	253	5	33	33	NUM
gujaf-16	253	6	,	,	PUNCT
gujaf-16	253	7	911–922	911–922	NUM
gujaf-16	253	8	.	.	PUNCT
gujaf-16	254	1	lim	lim	PROPN
gujaf-16	254	2	,	,	PUNCT
gujaf-16	254	3	t.c	t.c	PROPN
gujaf-16	254	4	.	.	PROPN
gujaf-16	254	5	(	(	PUNCT
gujaf-16	254	6	2012	2012	NUM
gujaf-16	254	7	)	)	PUNCT
gujaf-16	254	8	.	.	PUNCT
gujaf-16	255	1	determinants	determinant	NOUN
gujaf-16	255	2	of	of	ADP
gujaf-16	255	3	capital	capital	NOUN
gujaf-16	255	4	structure	structure	NOUN
gujaf-16	255	5	:	:	PUNCT
gujaf-16	255	6	empirical	empirical	ADJ
gujaf-16	255	7	evidence	evidence	NOUN
gujaf-16	255	8	from	from	ADP
gujaf-16	255	9	financial	financial	ADJ
gujaf-16	255	10	services	service	NOUN
gujaf-16	255	11	listed	list	VERB
gujaf-16	255	12	firms	firm	NOUN
gujaf-16	255	13	in	in	ADP
gujaf-16	255	14	china	china	PROPN
gujaf-16	255	15	.	.	PUNCT
gujaf-16	256	1	international	international	ADJ
gujaf-16	256	2	journal	journal	PROPN
gujaf-16	256	3	of	of	ADP
gujaf-16	256	4	economics	economic	NOUN
gujaf-16	256	5	and	and	CCONJ
gujaf-16	256	6	finance	finance	VERB
gujaf-16	256	7	4(3	4(3	NUM
gujaf-16	256	8	)	)	PUNCT
gujaf-16	256	9	,	,	PUNCT
gujaf-16	256	10	191	191	NUM
gujaf-16	256	11	-	-	SYM
gujaf-16	256	12	203	203	NUM
gujaf-16	256	13	.	.	PUNCT
gujaf-16	257	1	lintner	lintner	PROPN
gujaf-16	257	2	,	,	PUNCT
gujaf-16	257	3	j.	j.	PROPN
gujaf-16	257	4	,	,	PUNCT
gujaf-16	257	5	(	(	PUNCT
gujaf-16	257	6	1956	1956	NUM
gujaf-16	257	7	)	)	PUNCT
gujaf-16	257	8	.	.	PUNCT
gujaf-16	258	1	distribution	distribution	NOUN
gujaf-16	258	2	of	of	ADP
gujaf-16	258	3	i̇ncomes	i̇ncome	NOUN
gujaf-16	258	4	of	of	ADP
gujaf-16	258	5	corporations	corporation	NOUN
gujaf-16	258	6	among	among	ADP
gujaf-16	258	7	dividends	dividend	NOUN
gujaf-16	258	8	,	,	PUNCT
gujaf-16	258	9	retained	retain	VERB
gujaf-16	258	10	earnings	earning	NOUN
gujaf-16	258	11	and	and	CCONJ
gujaf-16	258	12	taxes	taxis	NOUN
gujaf-16	258	13	”	"	PUNCT
gujaf-16	258	14	.	.	PUNCT
gujaf-16	259	1	american	american	PROPN
gujaf-16	259	2	economic	economic	PROPN
gujaf-16	259	3	review	review	PROPN
gujaf-16	259	4	46	46	NUM
gujaf-16	259	5	(	(	PUNCT
gujaf-16	259	6	2	2	NUM
gujaf-16	259	7	)	)	PUNCT
gujaf-16	259	8	,	,	PUNCT
gujaf-16	259	9	97–143	97–143	PROPN
gujaf-16	259	10	.	.	PUNCT
gujaf-16	260	1	modigliani	modigliani	PROPN
gujaf-16	260	2	,	,	PUNCT
gujaf-16	260	3	f.	f.	PROPN
gujaf-16	260	4	,	,	PUNCT
gujaf-16	260	5	miller	miller	PROPN
gujaf-16	260	6	,	,	PUNCT
gujaf-16	260	7	m.	m.	NOUN
gujaf-16	260	8	h.	h.	PROPN
gujaf-16	260	9	(	(	PUNCT
gujaf-16	260	10	1958	1958	NUM
gujaf-16	260	11	)	)	PUNCT
gujaf-16	260	12	.	.	PUNCT
gujaf-16	261	1	the	the	DET
gujaf-16	261	2	cost	cost	NOUN
gujaf-16	261	3	of	of	ADP
gujaf-16	261	4	capital	capital	NOUN
gujaf-16	261	5	,	,	PUNCT
gujaf-16	261	6	corporate	corporate	ADJ
gujaf-16	261	7	finance	finance	NOUN
gujaf-16	261	8	and	and	CCONJ
gujaf-16	261	9	the	the	DET
gujaf-16	261	10	theory	theory	NOUN
gujaf-16	261	11	of	of	ADP
gujaf-16	261	12	investment	investment	NOUN
gujaf-16	261	13	,	,	PUNCT
gujaf-16	261	14	american	american	PROPN
gujaf-16	261	15	economic	economic	PROPN
gujaf-16	261	16	review	review	NOUN
gujaf-16	261	17	49	49	NUM
gujaf-16	261	18	,	,	PUNCT
gujaf-16	261	19	261–97	261–97	NUM
gujaf-16	261	20	.	.	PUNCT
gujaf-16	262	1	myers	myers	PROPN
gujaf-16	262	2	,	,	PUNCT
gujaf-16	262	3	s.c	s.c	PROPN
gujaf-16	262	4	.	.	PROPN
gujaf-16	262	5	,	,	PUNCT
gujaf-16	262	6	and	and	CCONJ
gujaf-16	262	7	majluf	majluf	NOUN
gujaf-16	262	8	,	,	PUNCT
gujaf-16	262	9	n.s	n.s	PROPN
gujaf-16	262	10	.	.	PROPN
gujaf-16	262	11	,	,	PUNCT
gujaf-16	262	12	(	(	PUNCT
gujaf-16	262	13	1984	1984	NUM
gujaf-16	262	14	)	)	PUNCT
gujaf-16	262	15	.	.	PUNCT
gujaf-16	263	1	corporate	corporate	ADJ
gujaf-16	263	2	financing	financing	NOUN
gujaf-16	263	3	and	and	CCONJ
gujaf-16	263	4	investment	investment	NOUN
gujaf-16	263	5	decisions	decision	NOUN
gujaf-16	263	6	when	when	SCONJ
gujaf-16	263	7	firms	firm	NOUN
gujaf-16	263	8	have	have	VERB
gujaf-16	263	9	information	information	NOUN
gujaf-16	263	10	and	and	CCONJ
gujaf-16	263	11	investors	investor	NOUN
gujaf-16	263	12	do	do	AUX
gujaf-16	263	13	not	not	PART
gujaf-16	263	14	have	have	VERB
gujaf-16	263	15	.	.	PUNCT
gujaf-16	264	1	journal	journal	NOUN
gujaf-16	264	2	of	of	ADP
gujaf-16	264	3	financial	financial	ADJ
gujaf-16	264	4	economics	economic	NOUN
gujaf-16	264	5	,	,	PUNCT
gujaf-16	264	6	13(2	13(2	PROPN
gujaf-16	264	7	)	)	PUNCT
gujaf-16	264	8	,	,	PUNCT
gujaf-16	264	9	187	187	NUM
gujaf-16	264	10	-	-	SYM
gujaf-16	264	11	221	221	NUM
gujaf-16	264	12	.	.	PUNCT
gujaf-16	265	1	http://dx.doi.org/10.2139/ssrn.899049	http://dx.doi.org/10.2139/ssrn.899049	NOUN
gujaf-16	265	2	gujaf	gujaf	NOUN
gujaf-16	265	3	:	:	PUNCT
gujaf-16	265	4	gusau	gusau	PROPN
gujaf-16	265	5	journal	journal	NOUN
gujaf-16	265	6	of	of	ADP
gujaf-16	265	7	accounting	accounting	NOUN
gujaf-16	265	8	and	and	CCONJ
gujaf-16	265	9	finance	finance	NOUN
gujaf-16	265	10	,	,	PUNCT
gujaf-16	265	11	vol	vol	NOUN
gujaf-16	265	12	.	.	PUNCT
gujaf-16	266	1	i	i	PRON
gujaf-16	266	2	,	,	PUNCT
gujaf-16	266	3	issue	issue	NOUN
gujaf-16	266	4	1	1	NUM
gujaf-16	266	5	,	,	PUNCT
gujaf-16	266	6	april	april	PROPN
gujaf-16	266	7	,	,	PUNCT
gujaf-16	266	8	2020	2020	NUM
gujaf-16	266	9	issn	issn	VERB
gujaf-16	266	10	2756	2756	NUM
gujaf-16	266	11	-	-	PUNCT
gujaf-16	266	12	665x	665x	NOUN
gujaf-16	266	13	15	15	NUM
gujaf-16	266	14	myers	myer	NOUN
gujaf-16	266	15	,	,	PUNCT
gujaf-16	266	16	s.c	s.c	PROPN
gujaf-16	266	17	.	.	PROPN
gujaf-16	266	18	,	,	PUNCT
gujaf-16	266	19	(	(	PUNCT
gujaf-16	266	20	1984	1984	NUM
gujaf-16	266	21	)	)	PUNCT
gujaf-16	266	22	.	.	PUNCT
gujaf-16	267	1	the	the	DET
gujaf-16	267	2	capital	capital	NOUN
gujaf-16	267	3	structure	structure	NOUN
gujaf-16	267	4	puzzle	puzzle	NOUN
gujaf-16	267	5	.	.	PUNCT
gujaf-16	268	1	journal	journal	NOUN
gujaf-16	268	2	of	of	ADP
gujaf-16	268	3	finance	finance	NOUN
gujaf-16	268	4	,	,	PUNCT
gujaf-16	268	5	39(3	39(3	NUM
gujaf-16	268	6	)	)	PUNCT
gujaf-16	268	7	,	,	PUNCT
gujaf-16	268	8	575592	575592	NUM
gujaf-16	268	9	.	.	PUNCT
gujaf-16	269	1	myers	myers	PROPN
gujaf-16	269	2	,	,	PUNCT
gujaf-16	269	3	s.c	s.c	PROPN
gujaf-16	269	4	.	.	PROPN
gujaf-16	269	5	,	,	PUNCT
gujaf-16	269	6	(	(	PUNCT
gujaf-16	269	7	1977	1977	NUM
gujaf-16	269	8	)	)	PUNCT
gujaf-16	269	9	.	.	PUNCT
gujaf-16	270	1	determinants	determinant	NOUN
gujaf-16	270	2	of	of	ADP
gujaf-16	270	3	corporate	corporate	ADJ
gujaf-16	270	4	borrowing	borrowing	NOUN
gujaf-16	270	5	.	.	PUNCT
gujaf-16	271	1	journal	journal	NOUN
gujaf-16	271	2	of	of	ADP
gujaf-16	271	3	financial	financial	ADJ
gujaf-16	271	4	economics	economic	NOUN
gujaf-16	271	5	5	5	NUM
gujaf-16	271	6	,	,	PUNCT
gujaf-16	271	7	147–175	147–175	NUM
gujaf-16	271	8	.	.	PUNCT
gujaf-16	272	1	oztekin	oztekin	ADJ
gujaf-16	272	2	,	,	PUNCT
gujaf-16	272	3	o.	o.	NOUN
gujaf-16	272	4	,	,	PUNCT
gujaf-16	272	5	and	and	CCONJ
gujaf-16	272	6	flannery	flannery	PROPN
gujaf-16	272	7	,	,	PUNCT
gujaf-16	272	8	m.j	m.j	PROPN
gujaf-16	272	9	.	.	PROPN
gujaf-16	272	10	(	(	PUNCT
gujaf-16	272	11	2012	2012	NUM
gujaf-16	272	12	)	)	PUNCT
gujaf-16	272	13	.	.	PUNCT
gujaf-16	273	1	institutional	institutional	ADJ
gujaf-16	273	2	determinants	determinant	NOUN
gujaf-16	273	3	of	of	ADP
gujaf-16	273	4	capital	capital	NOUN
gujaf-16	273	5	structure	structure	NOUN
gujaf-16	273	6	adjustments	adjustment	NOUN
gujaf-16	273	7	speeds	speed	NOUN
gujaf-16	273	8	.	.	PUNCT
gujaf-16	274	1	journal	journal	PROPN
gujaf-16	274	2	of	of	ADP
gujaf-16	274	3	financial	financial	ADJ
gujaf-16	274	4	economics	economic	NOUN
gujaf-16	274	5	103	103	NUM
gujaf-16	274	6	,	,	PUNCT
gujaf-16	274	7	88–112	88–112	PROPN
gujaf-16	274	8	.	.	PUNCT
gujaf-16	275	1	rajan	rajan	PROPN
gujaf-16	275	2	,	,	PUNCT
gujaf-16	275	3	r.g	r.g	PROPN
gujaf-16	275	4	.	.	PROPN
gujaf-16	275	5	,	,	PUNCT
gujaf-16	275	6	and	and	CCONJ
gujaf-16	275	7	zingales	zingale	NOUN
gujaf-16	275	8	,	,	PUNCT
gujaf-16	275	9	l.	l.	PROPN
gujaf-16	275	10	,	,	PUNCT
gujaf-16	275	11	(	(	PUNCT
gujaf-16	275	12	1995	1995	NUM
gujaf-16	275	13	)	)	PUNCT
gujaf-16	275	14	.	.	PUNCT
gujaf-16	276	1	what	what	PRON
gujaf-16	276	2	do	do	AUX
gujaf-16	276	3	we	we	PRON
gujaf-16	276	4	know	know	VERB
gujaf-16	276	5	about	about	ADP
gujaf-16	276	6	capital	capital	NOUN
gujaf-16	276	7	structure	structure	NOUN
gujaf-16	276	8	?	?	PUNCT
gujaf-16	277	1	some	some	DET
gujaf-16	277	2	evidence	evidence	NOUN
gujaf-16	277	3	from	from	ADP
gujaf-16	277	4	international	international	ADJ
gujaf-16	277	5	data	datum	NOUN
gujaf-16	277	6	.	.	PUNCT
gujaf-16	278	1	journal	journal	PROPN
gujaf-16	278	2	of	of	ADP
gujaf-16	278	3	finance	finance	NOUN
gujaf-16	278	4	,	,	PUNCT
gujaf-16	278	5	50(5	50(5	NUM
gujaf-16	278	6	)	)	PUNCT
gujaf-16	278	7	,	,	PUNCT
gujaf-16	278	8	14211460	14211460	NUM
gujaf-16	278	9	.	.	PUNCT
gujaf-16	279	1	sett	sett	PROPN
gujaf-16	279	2	,	,	PUNCT
gujaf-16	279	3	k.	k.	PROPN
gujaf-16	279	4	&	&	CCONJ
gujaf-16	279	5	sarkhel	sarkhel	PROPN
gujaf-16	279	6	,	,	PUNCT
gujaf-16	279	7	j.	j.	PROPN
gujaf-16	279	8	(	(	PUNCT
gujaf-16	279	9	2010	2010	NUM
gujaf-16	279	10	)	)	PUNCT
gujaf-16	279	11	.	.	PUNCT
gujaf-16	280	1	macroeconomic	macroeconomic	ADJ
gujaf-16	280	2	variables	variable	NOUN
gujaf-16	280	3	,	,	PUNCT
gujaf-16	280	4	financial	financial	ADJ
gujaf-16	280	5	sector	sector	NOUN
gujaf-16	280	6	development	development	NOUN
gujaf-16	280	7	and	and	CCONJ
gujaf-16	280	8	capital	capital	NOUN
gujaf-16	280	9	structure	structure	NOUN
gujaf-16	280	10	of	of	ADP
gujaf-16	280	11	indian	indian	ADJ
gujaf-16	280	12	private	private	ADJ
gujaf-16	280	13	corporate	corporate	ADJ
gujaf-16	280	14	sector	sector	NOUN
gujaf-16	280	15	during	during	ADP
gujaf-16	280	16	the	the	DET
gujaf-16	280	17	period	period	NOUN
gujaf-16	280	18	1981–2007	1981–2007	NUM
gujaf-16	280	19	.	.	PUNCT
gujaf-16	281	1	the	the	DET
gujaf-16	281	2	iup	iup	PROPN
gujaf-16	281	3	journal	journal	NOUN
gujaf-16	281	4	of	of	ADP
gujaf-16	281	5	applied	apply	VERB
gujaf-16	281	6	finance	finance	NOUN
gujaf-16	281	7	,	,	PUNCT
gujaf-16	281	8	16(1	16(1	NUM
gujaf-16	281	9	)	)	PUNCT
gujaf-16	281	10	,	,	PUNCT
gujaf-16	281	11	40–56	40–56	NUM
gujaf-16	281	12	.	.	PUNCT
gujaf-16	282	1	shahar	shahar	PROPN
gujaf-16	282	2	,	,	PUNCT
gujaf-16	282	3	w.s.s	w.s.s	PROPN
gujaf-16	282	4	.	.	PUNCT
gujaf-16	282	5	and	and	CCONJ
gujaf-16	282	6	manja	manja	PROPN
gujaf-16	282	7	,	,	PUNCT
gujaf-16	282	8	s.i	s.i	PROPN
gujaf-16	282	9	.	.	PROPN
gujaf-16	282	10	(	(	PUNCT
gujaf-16	282	11	2018	2018	NUM
gujaf-16	282	12	)	)	PUNCT
gujaf-16	282	13	.	.	PUNCT
gujaf-16	283	1	determinants	determinant	NOUN
gujaf-16	283	2	of	of	ADP
gujaf-16	283	3	capital	capital	NOUN
gujaf-16	283	4	structure	structure	NOUN
gujaf-16	283	5	.	.	PUNCT
gujaf-16	284	1	reports	report	NOUN
gujaf-16	284	2	on	on	ADP
gujaf-16	284	3	economics	economic	NOUN
gujaf-16	284	4	and	and	CCONJ
gujaf-16	284	5	finance	finance	NOUN
gujaf-16	284	6	,	,	PUNCT
gujaf-16	284	7	vol	vol	NOUN
gujaf-16	284	8	.	.	PROPN
gujaf-16	284	9	4	4	NUM
gujaf-16	284	10	,	,	PUNCT
gujaf-16	284	11	2018	2018	NUM
gujaf-16	284	12	,	,	PUNCT
gujaf-16	284	13	no	no	INTJ
gujaf-16	284	14	.	.	NOUN
gujaf-16	284	15	3	3	NUM
gujaf-16	284	16	,	,	PUNCT
gujaf-16	284	17	139	139	NUM
gujaf-16	284	18	–	–	SYM
gujaf-16	284	19	149	149	NUM
gujaf-16	284	20	hikari	hikari	X
gujaf-16	284	21	ltd	ltd	PROPN
gujaf-16	284	22	.	.	PUNCT
gujaf-16	284	23	sinha	sinha	PROPN
gujaf-16	284	24	,	,	PUNCT
gujaf-16	284	25	p.	p.	PROPN
gujaf-16	284	26	c.	c.	PROPN
gujaf-16	284	27	and	and	CCONJ
gujaf-16	284	28	ghosh	ghosh	PROPN
gujaf-16	284	29	,	,	PUNCT
gujaf-16	284	30	s.	s.	PROPN
gujaf-16	284	31	k.	k.	PROPN
gujaf-16	284	32	(	(	PUNCT
gujaf-16	284	33	2010	2010	NUM
gujaf-16	284	34	):	):	PUNCT
gujaf-16	284	35	macroeconomic	macroeconomic	ADJ
gujaf-16	284	36	variables	variable	NOUN
gujaf-16	284	37	and	and	CCONJ
gujaf-16	284	38	firms	firm	NOUN
gujaf-16	284	39	’	’	PART
gujaf-16	284	40	adjustment	adjustment	NOUN
gujaf-16	284	41	-	-	PUNCT
gujaf-16	284	42	speed	speed	NOUN
gujaf-16	284	43	in	in	ADP
gujaf-16	284	44	capital	capital	NOUN
gujaf-16	284	45	structure	structure	NOUN
gujaf-16	284	46	choice	choice	NOUN
gujaf-16	284	47	:	:	PUNCT
gujaf-16	284	48	indian	indian	ADJ
gujaf-16	284	49	evidence	evidence	NOUN
gujaf-16	284	50	.	.	PUNCT
gujaf-16	285	1	the	the	DET
gujaf-16	285	2	iup	iup	PROPN
gujaf-16	285	3	journal	journal	NOUN
gujaf-16	285	4	of	of	ADP
gujaf-16	285	5	applied	apply	VERB
gujaf-16	285	6	finance	finance	NOUN
gujaf-16	285	7	,	,	PUNCT
gujaf-16	285	8	16(4	16(4	NUM
gujaf-16	285	9	)	)	PUNCT
gujaf-16	285	10	,	,	PUNCT
gujaf-16	285	11	29	29	NUM
gujaf-16	285	12	-	-	SYM
gujaf-16	285	13	50	50	NUM
gujaf-16	285	14	.	.	PUNCT
gujaf-16	286	1	stulz	stulz	ADJ
gujaf-16	286	2	,	,	PUNCT
gujaf-16	286	3	r.	r.	PROPN
gujaf-16	286	4	(	(	PUNCT
gujaf-16	286	5	1990	1990	NUM
gujaf-16	286	6	):	):	PUNCT
gujaf-16	286	7	managerial	managerial	ADJ
gujaf-16	286	8	discretion	discretion	NOUN
gujaf-16	286	9	and	and	CCONJ
gujaf-16	286	10	optimal	optimal	ADJ
gujaf-16	286	11	financing	financing	NOUN
gujaf-16	286	12	policies	policy	NOUN
gujaf-16	286	13	,	,	PUNCT
gujaf-16	286	14	journal	journal	NOUN
gujaf-16	286	15	of	of	ADP
gujaf-16	286	16	financial	financial	ADJ
gujaf-16	286	17	economics	economic	NOUN
gujaf-16	286	18	,	,	PUNCT
gujaf-16	286	19	26(5	26(5	NUM
gujaf-16	286	20	)	)	PUNCT
gujaf-16	286	21	,	,	PUNCT
gujaf-16	286	22	145	145	NUM
gujaf-16	286	23	-	-	SYM
gujaf-16	286	24	158	158	NUM
gujaf-16	286	25	.	.	PUNCT
gujaf-16	287	1	toumi	toumi	PROPN
gujaf-16	287	2	,	,	PUNCT
gujaf-16	287	3	k.	k.	PROPN
gujaf-16	287	4	,	,	PUNCT
gujaf-16	287	5	viviani	viviani	PROPN
gujaf-16	287	6	,	,	PUNCT
gujaf-16	287	7	j.l	j.l	PROPN
gujaf-16	287	8	.	.	PROPN
gujaf-16	287	9	and	and	CCONJ
gujaf-16	287	10	belkasem	belkasem	PROPN
gujaf-16	287	11	,	,	PUNCT
gujaf-16	287	12	l.	l.	PROPN
gujaf-16	287	13	(	(	PUNCT
gujaf-16	287	14	2012	2012	NUM
gujaf-16	287	15	):	):	PUNCT
gujaf-16	287	16	from	from	ADP
gujaf-16	287	17	ethical	ethical	ADJ
gujaf-16	287	18	principles	principle	NOUN
gujaf-16	287	19	to	to	ADP
gujaf-16	287	20	financial	financial	ADJ
gujaf-16	287	21	decision	decision	NOUN
gujaf-16	287	22	theoretical	theoretical	ADJ
gujaf-16	287	23	foundations	foundation	NOUN
gujaf-16	287	24	and	and	CCONJ
gujaf-16	287	25	empirical	empirical	ADJ
gujaf-16	287	26	comparison	comparison	NOUN
gujaf-16	287	27	with	with	ADP
gujaf-16	287	28	conventional	conventional	ADJ
gujaf-16	287	29	banks	bank	NOUN
gujaf-16	287	30	of	of	ADP
gujaf-16	287	31	islamic	islamic	ADJ
gujaf-16	287	32	banks	bank	NOUN
gujaf-16	287	33	capital	capital	NOUN
gujaf-16	287	34	structure	structure	NOUN
gujaf-16	287	35	.	.	PUNCT
gujaf-16	288	1	available	available	ADJ
gujaf-16	288	2	at	at	ADP
gujaf-16	288	3	:	:	PUNCT
gujaf-16	288	4	http://ssrn.com/abstract	http://ssrn.com/abstract	PROPN
gujaf-16	288	5	,	,	PUNCT
gujaf-16	288	6	2080081	2080081	NUM
gujaf-16	288	7	(	(	PUNCT
gujaf-16	288	8	accessed	access	VERB
gujaf-16	288	9	23	23	NUM
gujaf-16	288	10	nov	nov	NOUN
gujaf-16	288	11	.	.	PROPN
gujaf-16	288	12	2019	2019	NUM
gujaf-16	288	13	)	)	PUNCT
gujaf-16	288	14	.	.	PUNCT
gujaf-16	289	1	http://ssrn.com/abstract	http://ssrn.com/abstract	PROPN