id	sid	tid	token	lemma	pos
gujaf-17	1	1	gujaf	gujaf	NOUN
gujaf-17	1	2	:	:	PUNCT
gujaf-17	1	3	gusau	gusau	PROPN
gujaf-17	1	4	journal	journal	NOUN
gujaf-17	1	5	of	of	ADP
gujaf-17	1	6	accounting	accounting	NOUN
gujaf-17	1	7	and	and	CCONJ
gujaf-17	1	8	finance	finance	NOUN
gujaf-17	1	9	,	,	PUNCT
gujaf-17	1	10	vol	vol	NOUN
gujaf-17	1	11	.	.	PUNCT
gujaf-17	2	1	i	i	PRON
gujaf-17	2	2	,	,	PUNCT
gujaf-17	2	3	issue	issue	NOUN
gujaf-17	2	4	1	1	NUM
gujaf-17	2	5	,	,	PUNCT
gujaf-17	2	6	april	april	PROPN
gujaf-17	2	7	,	,	PUNCT
gujaf-17	2	8	2020	2020	NUM
gujaf-17	2	9	issn	issn	VERB
gujaf-17	2	10	2756	2756	NUM
gujaf-17	2	11	-	-	PUNCT
gujaf-17	2	12	665x	665x	NOUN
gujaf-17	2	13	1	1	NUM
gujaf-17	2	14	firm	firm	NOUN
gujaf-17	2	15	attributes	attribute	NOUN
gujaf-17	2	16	and	and	CCONJ
gujaf-17	2	17	executive	executive	ADJ
gujaf-17	2	18	compensation	compensation	NOUN
gujaf-17	2	19	of	of	ADP
gujaf-17	2	20	conglomerates	conglomerate	NOUN
gujaf-17	2	21	in	in	ADP
gujaf-17	2	22	nigeria	nigeria	PROPN
gujaf-17	2	23	aliyu	aliyu	PROPN
gujaf-17	2	24	saidu	saidu	PROPN
gujaf-17	2	25	national	national	PROPN
gujaf-17	2	26	board	board	PROPN
gujaf-17	2	27	for	for	ADP
gujaf-17	2	28	arabic	arabic	ADJ
gujaf-17	2	29	and	and	CCONJ
gujaf-17	2	30	islamic	islamic	ADJ
gujaf-17	2	31	studies	study	NOUN
gujaf-17	2	32	,	,	PUNCT
gujaf-17	2	33	kaduna	kaduna	PROPN
gujaf-17	2	34	state	state	PROPN
gujaf-17	2	35	+2348036039896	+2348036039896	PROPN
gujaf-17	2	36	,	,	PUNCT
gujaf-17	2	37	+2348052364748	+2348052364748	NUM
gujaf-17	2	38	,	,	PUNCT
gujaf-17	2	39	aliyusaidu85@gmail.com	aliyusaidu85@gmail.com	PROPN
gujaf-17	2	40	,	,	PUNCT
gujaf-17	2	41	saidualiyu@ymail.com	saidualiyu@ymail.com	PROPN
gujaf-17	2	42	ahmad	ahmad	PROPN
gujaf-17	2	43	muhammad	muhammad	PROPN
gujaf-17	2	44	lawal	lawal	PROPN
gujaf-17	2	45	tissa	tissa	PROPN
gujaf-17	2	46	,	,	PUNCT
gujaf-17	2	47	school	school	NOUN
gujaf-17	2	48	of	of	ADP
gujaf-17	2	49	accountancy	accountancy	NOUN
gujaf-17	2	50	university	university	PROPN
gujaf-17	2	51	ultra	ultra	ADJ
gujaf-17	2	52	malaysia	malaysia	PROPN
gujaf-17	2	53	+2348032872424	+2348032872424	NUM
gujaf-17	2	54	,	,	PUNCT
gujaf-17	2	55	+601158616764	+601158616764	ADJ
gujaf-17	2	56	abstract	abstract	ADJ
gujaf-17	2	57	executive	executive	NOUN
gujaf-17	2	58	compensation	compensation	NOUN
gujaf-17	2	59	,	,	PUNCT
gujaf-17	2	60	particularly	particularly	ADV
gujaf-17	2	61	in	in	ADP
gujaf-17	2	62	the	the	DET
gujaf-17	2	63	western	western	ADJ
gujaf-17	2	64	countries	country	NOUN
gujaf-17	2	65	has	have	AUX
gujaf-17	2	66	over	over	ADP
gujaf-17	2	67	the	the	DET
gujaf-17	2	68	years	year	NOUN
gujaf-17	2	69	received	receive	VERB
gujaf-17	2	70	intense	intense	ADJ
gujaf-17	2	71	media	medium	NOUN
gujaf-17	2	72	and	and	CCONJ
gujaf-17	2	73	research	research	NOUN
gujaf-17	2	74	interest	interest	NOUN
gujaf-17	2	75	particularly	particularly	ADV
gujaf-17	2	76	from	from	ADP
gujaf-17	2	77	the	the	DET
gujaf-17	2	78	occurrence	occurrence	NOUN
gujaf-17	2	79	of	of	ADP
gujaf-17	2	80	large	large	ADJ
gujaf-17	2	81	corporate	corporate	ADJ
gujaf-17	2	82	failures	failure	NOUN
gujaf-17	2	83	.	.	PUNCT
gujaf-17	3	1	this	this	PRON
gujaf-17	3	2	brought	bring	VERB
gujaf-17	3	3	to	to	ADP
gujaf-17	3	4	the	the	DET
gujaf-17	3	5	fore	fore	NOUN
gujaf-17	3	6	,	,	PUNCT
gujaf-17	3	7	the	the	DET
gujaf-17	3	8	seemingly	seemingly	ADV
gujaf-17	3	9	huge	huge	ADJ
gujaf-17	3	10	compensation	compensation	NOUN
gujaf-17	3	11	been	be	AUX
gujaf-17	3	12	received	receive	VERB
gujaf-17	3	13	by	by	ADP
gujaf-17	3	14	the	the	DET
gujaf-17	3	15	executive	executive	ADJ
gujaf-17	3	16	directors	director	NOUN
gujaf-17	3	17	irrespective	irrespective	ADV
gujaf-17	3	18	of	of	ADP
gujaf-17	3	19	the	the	DET
gujaf-17	3	20	nature	nature	NOUN
gujaf-17	3	21	of	of	ADP
gujaf-17	3	22	the	the	DET
gujaf-17	3	23	performance	performance	NOUN
gujaf-17	3	24	of	of	ADP
gujaf-17	3	25	the	the	DET
gujaf-17	3	26	companies	company	NOUN
gujaf-17	3	27	they	they	PRON
gujaf-17	3	28	manage	manage	VERB
gujaf-17	3	29	.	.	PUNCT
gujaf-17	4	1	this	this	DET
gujaf-17	4	2	study	study	NOUN
gujaf-17	4	3	examined	examine	VERB
gujaf-17	4	4	the	the	DET
gujaf-17	4	5	impact	impact	NOUN
gujaf-17	4	6	of	of	ADP
gujaf-17	4	7	firm	firm	ADJ
gujaf-17	4	8	attributes	attribute	NOUN
gujaf-17	4	9	on	on	ADP
gujaf-17	4	10	executive	executive	ADJ
gujaf-17	4	11	compensation	compensation	NOUN
gujaf-17	4	12	using	use	VERB
gujaf-17	4	13	panel	panel	NOUN
gujaf-17	4	14	data	datum	NOUN
gujaf-17	4	15	from	from	ADP
gujaf-17	4	16	a	a	DET
gujaf-17	4	17	sample	sample	NOUN
gujaf-17	4	18	of	of	ADP
gujaf-17	4	19	six	six	NUM
gujaf-17	4	20	listed	list	VERB
gujaf-17	4	21	conglomerates	conglomerate	NOUN
gujaf-17	4	22	in	in	ADP
gujaf-17	4	23	nigeria	nigeria	PROPN
gujaf-17	4	24	for	for	ADP
gujaf-17	4	25	a	a	DET
gujaf-17	4	26	period	period	NOUN
gujaf-17	4	27	of	of	ADP
gujaf-17	4	28	nine	nine	NUM
gujaf-17	4	29	years	year	NOUN
gujaf-17	4	30	(	(	PUNCT
gujaf-17	4	31	2010	2010	NUM
gujaf-17	4	32	-	-	SYM
gujaf-17	4	33	2018	2018	NUM
gujaf-17	4	34	)	)	PUNCT
gujaf-17	4	35	.	.	PUNCT
gujaf-17	5	1	ordinary	ordinary	ADJ
gujaf-17	5	2	least	least	ADJ
gujaf-17	5	3	square	square	ADJ
gujaf-17	5	4	(	(	PUNCT
gujaf-17	5	5	ols	ol	NOUN
gujaf-17	5	6	)	)	PUNCT
gujaf-17	5	7	was	be	AUX
gujaf-17	5	8	used	use	VERB
gujaf-17	5	9	as	as	ADP
gujaf-17	5	10	technique	technique	NOUN
gujaf-17	5	11	of	of	ADP
gujaf-17	5	12	data	datum	NOUN
gujaf-17	5	13	analysis	analysis	NOUN
gujaf-17	5	14	.	.	PUNCT
gujaf-17	6	1	the	the	DET
gujaf-17	6	2	findings	finding	NOUN
gujaf-17	6	3	revealed	reveal	VERB
gujaf-17	6	4	a	a	DET
gujaf-17	6	5	positive	positive	ADJ
gujaf-17	6	6	and	and	CCONJ
gujaf-17	6	7	significant	significant	ADJ
gujaf-17	6	8	impact	impact	NOUN
gujaf-17	6	9	of	of	ADP
gujaf-17	6	10	firm	firm	ADJ
gujaf-17	6	11	financial	financial	ADJ
gujaf-17	6	12	performance	performance	NOUN
gujaf-17	6	13	(	(	PUNCT
gujaf-17	6	14	that	that	PRON
gujaf-17	6	15	is	be	AUX
gujaf-17	6	16	:	:	PUNCT
gujaf-17	6	17	return	return	VERB
gujaf-17	6	18	on	on	ADP
gujaf-17	6	19	asset	asset	NOUN
gujaf-17	6	20	and	and	CCONJ
gujaf-17	6	21	return	return	VERB
gujaf-17	6	22	on	on	ADP
gujaf-17	6	23	equity	equity	NOUN
gujaf-17	6	24	)	)	PUNCT
gujaf-17	6	25	on	on	ADP
gujaf-17	6	26	executive	executive	ADJ
gujaf-17	6	27	compensation	compensation	NOUN
gujaf-17	6	28	while	while	SCONJ
gujaf-17	6	29	executive	executive	ADJ
gujaf-17	6	30	ownership	ownership	NOUN
gujaf-17	6	31	had	have	VERB
gujaf-17	6	32	a	a	DET
gujaf-17	6	33	negative	negative	ADJ
gujaf-17	6	34	and	and	CCONJ
gujaf-17	6	35	significant	significant	ADJ
gujaf-17	6	36	effect	effect	NOUN
gujaf-17	6	37	on	on	ADP
gujaf-17	6	38	executive	executive	ADJ
gujaf-17	6	39	compensation	compensation	NOUN
gujaf-17	6	40	of	of	ADP
gujaf-17	6	41	listed	list	VERB
gujaf-17	6	42	conglomerates	conglomerate	NOUN
gujaf-17	6	43	in	in	ADP
gujaf-17	6	44	nigeria	nigeria	PROPN
gujaf-17	6	45	.	.	PUNCT
gujaf-17	7	1	the	the	DET
gujaf-17	7	2	study	study	NOUN
gujaf-17	7	3	concluded	conclude	VERB
gujaf-17	7	4	that	that	SCONJ
gujaf-17	7	5	firm	firm	ADJ
gujaf-17	7	6	financial	financial	ADJ
gujaf-17	7	7	performance	performance	NOUN
gujaf-17	7	8	and	and	CCONJ
gujaf-17	7	9	executive	executive	ADJ
gujaf-17	7	10	ownership	ownership	NOUN
gujaf-17	7	11	impact	impact	NOUN
gujaf-17	7	12	on	on	ADP
gujaf-17	7	13	the	the	DET
gujaf-17	7	14	quantum	quantum	NOUN
gujaf-17	7	15	of	of	ADP
gujaf-17	7	16	compensation	compensation	NOUN
gujaf-17	7	17	paid	pay	VERB
gujaf-17	7	18	to	to	ADP
gujaf-17	7	19	the	the	DET
gujaf-17	7	20	executive	executive	ADJ
gujaf-17	7	21	directors	director	NOUN
gujaf-17	7	22	,	,	PUNCT
gujaf-17	7	23	while	while	SCONJ
gujaf-17	7	24	institutional	institutional	ADJ
gujaf-17	7	25	ownership	ownership	NOUN
gujaf-17	7	26	,	,	PUNCT
gujaf-17	7	27	board	board	NOUN
gujaf-17	7	28	composition	composition	NOUN
gujaf-17	7	29	and	and	CCONJ
gujaf-17	7	30	board	board	NOUN
gujaf-17	7	31	size	size	NOUN
gujaf-17	7	32	does	do	VERB
gujaf-17	7	33	not	not	PART
gujaf-17	7	34	significantly	significantly	ADV
gujaf-17	7	35	.	.	PUNCT
gujaf-17	8	1	therefore	therefore	ADV
gujaf-17	8	2	,	,	PUNCT
gujaf-17	8	3	it	it	PRON
gujaf-17	8	4	is	be	AUX
gujaf-17	8	5	recommended	recommend	VERB
gujaf-17	8	6	that	that	SCONJ
gujaf-17	8	7	the	the	DET
gujaf-17	8	8	listed	list	VERB
gujaf-17	8	9	conglomerates	conglomerate	NOUN
gujaf-17	8	10	in	in	ADP
gujaf-17	8	11	nigeria	nigeria	PROPN
gujaf-17	8	12	should	should	AUX
gujaf-17	8	13	improve	improve	VERB
gujaf-17	8	14	the	the	DET
gujaf-17	8	15	design	design	NOUN
gujaf-17	8	16	of	of	ADP
gujaf-17	8	17	the	the	DET
gujaf-17	8	18	compensation	compensation	NOUN
gujaf-17	8	19	of	of	ADP
gujaf-17	8	20	the	the	DET
gujaf-17	8	21	executive	executive	ADJ
gujaf-17	8	22	directors	director	NOUN
gujaf-17	8	23	with	with	ADP
gujaf-17	8	24	financial	financial	ADJ
gujaf-17	8	25	incentives	incentive	NOUN
gujaf-17	8	26	and	and	CCONJ
gujaf-17	8	27	stocks	stock	NOUN
gujaf-17	8	28	(	(	PUNCT
gujaf-17	8	29	equity	equity	NOUN
gujaf-17	8	30	)	)	PUNCT
gujaf-17	8	31	as	as	SCONJ
gujaf-17	8	32	it	it	PRON
gujaf-17	8	33	will	will	AUX
gujaf-17	8	34	enhance	enhance	VERB
gujaf-17	8	35	the	the	DET
gujaf-17	8	36	maximization	maximization	NOUN
gujaf-17	8	37	of	of	ADP
gujaf-17	8	38	the	the	DET
gujaf-17	8	39	shareholders	shareholder	NOUN
gujaf-17	8	40	’	'	PUNCT
gujaf-17	8	41	wealth	wealth	NOUN
gujaf-17	8	42	.	.	PUNCT
gujaf-17	9	1	keywords	keyword	NOUN
gujaf-17	9	2	:	:	PUNCT
gujaf-17	9	3	executive	executive	ADJ
gujaf-17	9	4	compensation	compensation	NOUN
gujaf-17	9	5	,	,	PUNCT
gujaf-17	9	6	roa	roa	PROPN
gujaf-17	9	7	,	,	PUNCT
gujaf-17	9	8	roe	roe	NOUN
gujaf-17	9	9	,	,	PUNCT
gujaf-17	9	10	institutional	institutional	ADJ
gujaf-17	9	11	ownership	ownership	NOUN
gujaf-17	9	12	,	,	PUNCT
gujaf-17	9	13	executive	executive	ADJ
gujaf-17	9	14	ownership	ownership	NOUN
gujaf-17	9	15	,	,	PUNCT
gujaf-17	9	16	board	board	NOUN
gujaf-17	9	17	composition	composition	NOUN
gujaf-17	9	18	,	,	PUNCT
gujaf-17	9	19	board	board	NOUN
gujaf-17	9	20	size	size	NOUN
gujaf-17	9	21	and	and	CCONJ
gujaf-17	9	22	conglomerates	conglomerate	NOUN
gujaf-17	9	23	firms	firm	NOUN
gujaf-17	9	24	1	1	NUM
gujaf-17	9	25	.	.	PUNCT
gujaf-17	10	1	introduction	introduction	NOUN
gujaf-17	10	2	corporate	corporate	ADJ
gujaf-17	10	3	governance	governance	NOUN
gujaf-17	10	4	is	be	AUX
gujaf-17	10	5	involved	involve	VERB
gujaf-17	10	6	with	with	ADP
gujaf-17	10	7	methods	method	NOUN
gujaf-17	10	8	in	in	ADP
gujaf-17	10	9	which	which	PRON
gujaf-17	10	10	all	all	DET
gujaf-17	10	11	events	event	NOUN
gujaf-17	10	12	interested	interested	ADJ
gujaf-17	10	13	in	in	ADP
gujaf-17	10	14	the	the	DET
gujaf-17	10	15	well	well	ADV
gujaf-17	10	16	-	-	PUNCT
gujaf-17	10	17	being	being	NOUN
gujaf-17	10	18	of	of	ADP
gujaf-17	10	19	a	a	DET
gujaf-17	10	20	company	company	NOUN
gujaf-17	10	21	try	try	VERB
gujaf-17	10	22	to	to	PART
gujaf-17	10	23	make	make	VERB
gujaf-17	10	24	sure	sure	ADJ
gujaf-17	10	25	that	that	SCONJ
gujaf-17	10	26	managers	manager	NOUN
gujaf-17	10	27	and	and	CCONJ
gujaf-17	10	28	different	different	ADJ
gujaf-17	10	29	insiders	insider	NOUN
gujaf-17	10	30	take	take	VERB
gujaf-17	10	31	measures	measure	NOUN
gujaf-17	10	32	or	or	CCONJ
gujaf-17	10	33	undertake	undertake	VERB
gujaf-17	10	34	mechanisms	mechanism	NOUN
gujaf-17	10	35	that	that	PRON
gujaf-17	10	36	safeguard	safeguard	VERB
gujaf-17	10	37	the	the	DET
gujaf-17	10	38	interests	interest	NOUN
gujaf-17	10	39	of	of	ADP
gujaf-17	10	40	shareholders	shareholder	NOUN
gujaf-17	10	41	.	.	PUNCT
gujaf-17	11	1	such	such	ADJ
gujaf-17	11	2	measures	measure	NOUN
gujaf-17	11	3	are	be	AUX
gujaf-17	11	4	necessitated	necessitate	VERB
gujaf-17	11	5	because	because	SCONJ
gujaf-17	11	6	of	of	ADP
gujaf-17	11	7	the	the	DET
gujaf-17	11	8	separation	separation	NOUN
gujaf-17	11	9	of	of	ADP
gujaf-17	11	10	ownership	ownership	NOUN
gujaf-17	11	11	from	from	ADP
gujaf-17	11	12	management	management	NOUN
gujaf-17	11	13	,	,	PUNCT
gujaf-17	11	14	which	which	PRON
gujaf-17	11	15	is	be	AUX
gujaf-17	11	16	an	an	DET
gujaf-17	11	17	increasingly	increasingly	ADV
gujaf-17	11	18	essential	essential	ADJ
gujaf-17	11	19	feature	feature	NOUN
gujaf-17	11	20	of	of	ADP
gujaf-17	11	21	the	the	DET
gujaf-17	11	22	cutting	cutting	NOUN
gujaf-17	11	23	-	-	PUNCT
gujaf-17	11	24	edge	edge	NOUN
gujaf-17	11	25	firm	firm	NOUN
gujaf-17	11	26	,	,	PUNCT
gujaf-17	11	27	mainly	mainly	ADV
gujaf-17	11	28	the	the	DET
gujaf-17	11	29	conglomerate	conglomerate	NOUN
gujaf-17	11	30	companies	company	NOUN
gujaf-17	11	31	,	,	PUNCT
gujaf-17	11	32	in	in	ADP
gujaf-17	11	33	which	which	PRON
gujaf-17	11	34	the	the	DET
gujaf-17	11	35	executive	executive	ADJ
gujaf-17	11	36	directors	director	NOUN
gujaf-17	11	37	are	be	AUX
gujaf-17	11	38	involved	involve	VERB
gujaf-17	11	39	in	in	ADP
gujaf-17	11	40	dealing	deal	VERB
gujaf-17	11	41	with	with	ADP
gujaf-17	11	42	varied	varied	ADJ
gujaf-17	11	43	operations	operation	NOUN
gujaf-17	11	44	.	.	PUNCT
gujaf-17	12	1	when	when	SCONJ
gujaf-17	12	2	dealing	deal	VERB
gujaf-17	12	3	with	with	ADP
gujaf-17	12	4	a	a	DET
gujaf-17	12	5	firm	firm	NOUN
gujaf-17	12	6	,	,	PUNCT
gujaf-17	12	7	mailto:aliyusaidu85@gmail.com	mailto:aliyusaidu85@gmail.com	PROPN
gujaf-17	12	8	mailto:saidualiyu@ymail.com	mailto:saidualiyu@ymail.com	PROPN
gujaf-17	12	9	gujaf	gujaf	NOUN
gujaf-17	12	10	:	:	PUNCT
gujaf-17	12	11	gusau	gusau	PROPN
gujaf-17	12	12	journal	journal	NOUN
gujaf-17	12	13	of	of	ADP
gujaf-17	12	14	accounting	accounting	NOUN
gujaf-17	12	15	and	and	CCONJ
gujaf-17	12	16	finance	finance	NOUN
gujaf-17	12	17	,	,	PUNCT
gujaf-17	12	18	vol	vol	NOUN
gujaf-17	12	19	.	.	PUNCT
gujaf-17	13	1	i	i	PRON
gujaf-17	13	2	,	,	PUNCT
gujaf-17	13	3	issue	issue	NOUN
gujaf-17	13	4	1	1	NUM
gujaf-17	13	5	,	,	PUNCT
gujaf-17	13	6	april	april	PROPN
gujaf-17	13	7	,	,	PUNCT
gujaf-17	13	8	2020	2020	NUM
gujaf-17	13	9	issn	issn	VERB
gujaf-17	13	10	2756	2756	NUM
gujaf-17	13	11	-	-	PUNCT
gujaf-17	13	12	665x	665x	NOUN
gujaf-17	13	13	2	2	NUM
gujaf-17	13	14	executive	executive	NOUN
gujaf-17	13	15	directors	director	NOUN
gujaf-17	13	16	may	may	AUX
gujaf-17	13	17	also	also	ADV
gujaf-17	13	18	act	act	VERB
gujaf-17	13	19	of	of	ADP
gujaf-17	13	20	their	their	PRON
gujaf-17	13	21	satisfactory	satisfactory	ADJ
gujaf-17	13	22	interest	interest	NOUN
gujaf-17	13	23	rather	rather	ADV
gujaf-17	13	24	than	than	ADP
gujaf-17	13	25	the	the	DET
gujaf-17	13	26	interest	interest	NOUN
gujaf-17	13	27	of	of	ADP
gujaf-17	13	28	the	the	DET
gujaf-17	13	29	company	company	NOUN
gujaf-17	13	30	’s	’s	PART
gujaf-17	13	31	owners	owner	NOUN
gujaf-17	13	32	(	(	PUNCT
gujaf-17	13	33	shareholders	shareholder	NOUN
gujaf-17	13	34	)	)	PUNCT
gujaf-17	13	35	.	.	PUNCT
gujaf-17	14	1	for	for	ADP
gujaf-17	14	2	instance	instance	NOUN
gujaf-17	14	3	,	,	PUNCT
gujaf-17	14	4	the	the	DET
gujaf-17	14	5	managers	manager	NOUN
gujaf-17	14	6	may	may	AUX
gujaf-17	14	7	take	take	VERB
gujaf-17	14	8	steps	step	NOUN
gujaf-17	14	9	to	to	PART
gujaf-17	14	10	increase	increase	VERB
gujaf-17	14	11	the	the	DET
gujaf-17	14	12	dimensions	dimension	NOUN
gujaf-17	14	13	of	of	ADP
gujaf-17	14	14	the	the	DET
gujaf-17	14	15	firm	firm	NOUN
gujaf-17	14	16	in	in	ADP
gujaf-17	14	17	conjunction	conjunction	NOUN
gujaf-17	14	18	with	with	ADP
gujaf-17	14	19	their	their	PRON
gujaf-17	14	20	pay	pay	NOUN
gujaf-17	14	21	,	,	PUNCT
gujaf-17	14	22	which	which	PRON
gujaf-17	14	23	wo	will	AUX
gujaf-17	14	24	n't	not	PART
gujaf-17	14	25	necessarily	necessarily	ADV
gujaf-17	14	26	increase	increase	VERB
gujaf-17	14	27	the	the	DET
gujaf-17	14	28	profitability	profitability	NOUN
gujaf-17	14	29	of	of	ADP
gujaf-17	14	30	the	the	DET
gujaf-17	14	31	company	company	NOUN
gujaf-17	14	32	they	they	PRON
gujaf-17	14	33	manipulate	manipulate	VERB
gujaf-17	14	34	(	(	PUNCT
gujaf-17	14	35	the	the	DET
gujaf-17	14	36	primary	primary	ADJ
gujaf-17	14	37	problem	problem	NOUN
gujaf-17	14	38	of	of	ADP
gujaf-17	14	39	the	the	DET
gujaf-17	14	40	shareholder).one	shareholder).one	NOUN
gujaf-17	14	41	of	of	ADP
gujaf-17	14	42	the	the	DET
gujaf-17	14	43	methods	method	NOUN
gujaf-17	14	44	to	to	PART
gujaf-17	14	45	cope	cope	VERB
gujaf-17	14	46	with	with	ADP
gujaf-17	14	47	the	the	DET
gujaf-17	14	48	issues	issue	NOUN
gujaf-17	14	49	springing	spring	VERB
gujaf-17	14	50	up	up	ADP
gujaf-17	14	51	from	from	ADP
gujaf-17	14	52	the	the	DET
gujaf-17	14	53	foremost	foremost	ADJ
gujaf-17	14	54	-	-	PUNCT
gujaf-17	14	55	agent	agent	NOUN
gujaf-17	14	56	relationship	relationship	NOUN
gujaf-17	14	57	,	,	PUNCT
gujaf-17	14	58	is	be	AUX
gujaf-17	14	59	to	to	PART
gujaf-17	14	60	see	see	VERB
gujaf-17	14	61	how	how	SCONJ
gujaf-17	14	62	some	some	DET
gujaf-17	14	63	attributes	attribute	NOUN
gujaf-17	14	64	of	of	ADP
gujaf-17	14	65	the	the	DET
gujaf-17	14	66	company	company	NOUN
gujaf-17	14	67	together	together	ADV
gujaf-17	14	68	with	with	ADP
gujaf-17	14	69	monetary	monetary	ADJ
gujaf-17	14	70	overall	overall	ADJ
gujaf-17	14	71	performance	performance	NOUN
gujaf-17	14	72	,	,	PUNCT
gujaf-17	14	73	ownership	ownership	NOUN
gujaf-17	14	74	structures	structure	NOUN
gujaf-17	14	75	and	and	CCONJ
gujaf-17	14	76	board	board	NOUN
gujaf-17	14	77	characteristics	characteristic	NOUN
gujaf-17	14	78	influence	influence	NOUN
gujaf-17	14	79	the	the	DET
gujaf-17	14	80	compensation	compensation	NOUN
gujaf-17	14	81	been	be	AUX
gujaf-17	14	82	received	receive	VERB
gujaf-17	14	83	with	with	ADP
gujaf-17	14	84	the	the	DET
gujaf-17	14	85	aid	aid	NOUN
gujaf-17	14	86	of	of	ADP
gujaf-17	14	87	the	the	DET
gujaf-17	14	88	executive	executive	ADJ
gujaf-17	14	89	directors	director	NOUN
gujaf-17	14	90	(	(	PUNCT
gujaf-17	14	91	ibrahim	ibrahim	NOUN
gujaf-17	14	92	,	,	PUNCT
gujaf-17	14	93	2011	2011	NUM
gujaf-17	14	94	)	)	PUNCT
gujaf-17	14	95	.	.	PUNCT
gujaf-17	15	1	since	since	SCONJ
gujaf-17	15	2	firm	firm	NOUN
gujaf-17	15	3	commonly	commonly	ADV
gujaf-17	15	4	has	have	VERB
gujaf-17	15	5	various	various	ADJ
gujaf-17	15	6	classes	class	NOUN
gujaf-17	15	7	of	of	ADP
gujaf-17	15	8	shareholders	shareholder	NOUN
gujaf-17	15	9	and	and	CCONJ
gujaf-17	15	10	no	no	ADV
gujaf-17	15	11	longer	long	ADV
gujaf-17	15	12	all	all	PRON
gujaf-17	15	13	of	of	ADP
gujaf-17	15	14	them	they	PRON
gujaf-17	15	15	will	will	AUX
gujaf-17	15	16	either	either	CCONJ
gujaf-17	15	17	be	be	AUX
gujaf-17	15	18	targeted	target	VERB
gujaf-17	15	19	same	same	ADJ
gujaf-17	15	20	records	record	NOUN
gujaf-17	15	21	set	set	VERB
gujaf-17	15	22	or	or	CCONJ
gujaf-17	15	23	have	have	VERB
gujaf-17	15	24	the	the	DET
gujaf-17	15	25	ability	ability	NOUN
gujaf-17	15	26	to	to	PART
gujaf-17	15	27	monitor	monitor	VERB
gujaf-17	15	28	or	or	CCONJ
gujaf-17	15	29	look	look	VERB
gujaf-17	15	30	at	at	ADP
gujaf-17	15	31	perfectly	perfectly	ADV
gujaf-17	15	32	the	the	DET
gujaf-17	15	33	moves	move	NOUN
gujaf-17	15	34	of	of	ADP
gujaf-17	15	35	executive	executive	ADJ
gujaf-17	15	36	directors	director	NOUN
gujaf-17	15	37	,	,	PUNCT
gujaf-17	15	38	therefore	therefore	ADV
gujaf-17	15	39	it	it	PRON
gujaf-17	15	40	is	be	AUX
gujaf-17	15	41	paramount	paramount	ADJ
gujaf-17	15	42	to	to	PART
gujaf-17	15	43	offer	offer	VERB
gujaf-17	15	44	them	they	PRON
gujaf-17	15	45	with	with	ADP
gujaf-17	15	46	incentives	incentive	NOUN
gujaf-17	15	47	to	to	PART
gujaf-17	15	48	take	take	VERB
gujaf-17	15	49	moves	move	NOUN
gujaf-17	15	50	which	which	PRON
gujaf-17	15	51	are	be	AUX
gujaf-17	15	52	within	within	ADP
gujaf-17	15	53	the	the	DET
gujaf-17	15	54	nice	nice	ADJ
gujaf-17	15	55	interest	interest	NOUN
gujaf-17	15	56	of	of	ADP
gujaf-17	15	57	the	the	DET
gujaf-17	15	58	shareholders	shareholder	NOUN
gujaf-17	15	59	.	.	PUNCT
gujaf-17	16	1	several	several	ADJ
gujaf-17	16	2	researchers	researcher	NOUN
gujaf-17	16	3	like	like	ADP
gujaf-17	16	4	gorre	gorre	PROPN
gujaf-17	16	5	(	(	PUNCT
gujaf-17	16	6	2011	2011	NUM
gujaf-17	16	7	)	)	PUNCT
gujaf-17	16	8	are	be	AUX
gujaf-17	16	9	of	of	ADP
gujaf-17	16	10	the	the	DET
gujaf-17	16	11	view	view	NOUN
gujaf-17	16	12	that	that	SCONJ
gujaf-17	16	13	executives	executive	NOUN
gujaf-17	16	14	’	'	PUNCT
gujaf-17	16	15	reimbursement	reimbursement	NOUN
gujaf-17	16	16	plans	plan	NOUN
gujaf-17	16	17	ought	ought	AUX
gujaf-17	16	18	to	to	PART
gujaf-17	16	19	be	be	AUX
gujaf-17	16	20	designed	design	VERB
gujaf-17	16	21	in	in	ADP
gujaf-17	16	22	a	a	DET
gujaf-17	16	23	way	way	NOUN
gujaf-17	16	24	that	that	PRON
gujaf-17	16	25	it	it	PRON
gujaf-17	16	26	's	be	AUX
gujaf-17	16	27	going	go	VERB
gujaf-17	16	28	to	to	PART
gujaf-17	16	29	align	align	VERB
gujaf-17	16	30	the	the	DET
gujaf-17	16	31	pastimes	pastime	NOUN
gujaf-17	16	32	of	of	ADP
gujaf-17	16	33	self	self	NOUN
gujaf-17	16	34	-	-	PUNCT
gujaf-17	16	35	interested	interest	VERB
gujaf-17	16	36	executive	executive	ADJ
gujaf-17	16	37	officers	officer	NOUN
gujaf-17	16	38	with	with	ADP
gujaf-17	16	39	those	those	PRON
gujaf-17	16	40	of	of	ADP
gujaf-17	16	41	shareholders	shareholder	NOUN
gujaf-17	16	42	.	.	PUNCT
gujaf-17	17	1	thus	thus	ADV
gujaf-17	17	2	,	,	PUNCT
gujaf-17	17	3	the	the	DET
gujaf-17	17	4	plans	plan	NOUN
gujaf-17	17	5	must	must	AUX
gujaf-17	17	6	have	have	VERB
gujaf-17	17	7	incentive	incentive	NOUN
gujaf-17	17	8	schemes	scheme	NOUN
gujaf-17	17	9	that	that	PRON
gujaf-17	17	10	make	make	VERB
gujaf-17	17	11	executive	executive	ADJ
gujaf-17	17	12	compensation	compensation	NOUN
gujaf-17	17	13	a	a	DET
gujaf-17	17	14	feature	feature	NOUN
gujaf-17	17	15	of	of	ADP
gujaf-17	17	16	firm	firm	ADJ
gujaf-17	17	17	financial	financial	ADJ
gujaf-17	17	18	performance	performance	NOUN
gujaf-17	17	19	.	.	PUNCT
gujaf-17	18	1	the	the	DET
gujaf-17	18	2	incentive	incentive	NOUN
gujaf-17	18	3	schemes	scheme	NOUN
gujaf-17	18	4	should	should	AUX
gujaf-17	18	5	additionally	additionally	ADV
gujaf-17	18	6	result	result	VERB
gujaf-17	18	7	in	in	ADP
gujaf-17	18	8	an	an	DET
gujaf-17	18	9	extensive	extensive	ADJ
gujaf-17	18	10	relation	relation	NOUN
gujaf-17	18	11	among	among	ADP
gujaf-17	18	12	executive	executive	ADJ
gujaf-17	18	13	repayment	repayment	NOUN
gujaf-17	18	14	and	and	CCONJ
gujaf-17	18	15	firm	firm	ADJ
gujaf-17	18	16	monetary	monetary	ADJ
gujaf-17	18	17	overall	overall	ADJ
gujaf-17	18	18	performance	performance	NOUN
gujaf-17	18	19	,	,	PUNCT
gujaf-17	18	20	which	which	PRON
gujaf-17	18	21	can	can	AUX
gujaf-17	18	22	be	be	AUX
gujaf-17	18	23	inspired	inspire	VERB
gujaf-17	18	24	with	with	ADP
gujaf-17	18	25	the	the	DET
gujaf-17	18	26	aid	aid	NOUN
gujaf-17	18	27	of	of	ADP
gujaf-17	18	28	the	the	DET
gujaf-17	18	29	mechanisms	mechanism	NOUN
gujaf-17	18	30	of	of	ADP
gujaf-17	18	31	corporate	corporate	ADJ
gujaf-17	18	32	governance	governance	NOUN
gujaf-17	18	33	.	.	PUNCT
gujaf-17	19	1	however	however	ADV
gujaf-17	19	2	,	,	PUNCT
gujaf-17	19	3	in	in	ADP
gujaf-17	19	4	keeping	keep	VERB
gujaf-17	19	5	with	with	ADP
gujaf-17	19	6	their	their	PRON
gujaf-17	19	7	perspectives	perspective	NOUN
gujaf-17	19	8	,	,	PUNCT
gujaf-17	19	9	conyon	conyon	NOUN
gujaf-17	19	10	&	&	CCONJ
gujaf-17	19	11	leech	leech	NOUN
gujaf-17	19	12	(	(	PUNCT
gujaf-17	19	13	1994	1994	NUM
gujaf-17	19	14	)	)	PUNCT
gujaf-17	19	15	documented	document	VERB
gujaf-17	19	16	that	that	SCONJ
gujaf-17	19	17	the	the	DET
gujaf-17	19	18	incapability	incapability	NOUN
gujaf-17	19	19	for	for	ADP
gujaf-17	19	20	earlier	early	ADJ
gujaf-17	19	21	studies	study	NOUN
gujaf-17	19	22	to	to	PART
gujaf-17	19	23	file	file	VERB
gujaf-17	19	24	a	a	DET
gujaf-17	19	25	sizable	sizable	ADJ
gujaf-17	19	26	payperformance	payperformance	NOUN
gujaf-17	19	27	link	link	NOUN
gujaf-17	19	28	can	can	AUX
gujaf-17	19	29	be	be	AUX
gujaf-17	19	30	attributed	attribute	VERB
gujaf-17	19	31	to	to	ADP
gujaf-17	19	32	the	the	DET
gujaf-17	19	33	non	non	NOUN
gujaf-17	19	34	-	-	NOUN
gujaf-17	19	35	inclusion	inclusion	NOUN
gujaf-17	19	36	of	of	ADP
gujaf-17	19	37	ownership	ownership	NOUN
gujaf-17	19	38	structures	structure	NOUN
gujaf-17	19	39	and	and	CCONJ
gujaf-17	19	40	board	board	NOUN
gujaf-17	19	41	traits	trait	NOUN
gujaf-17	19	42	in	in	ADP
gujaf-17	19	43	studying	study	VERB
gujaf-17	19	44	executive	executive	ADJ
gujaf-17	19	45	compensation	compensation	NOUN
gujaf-17	19	46	.	.	PUNCT
gujaf-17	20	1	for	for	ADP
gujaf-17	20	2	this	this	DET
gujaf-17	20	3	reason	reason	NOUN
gujaf-17	20	4	,	,	PUNCT
gujaf-17	20	5	this	this	DET
gujaf-17	20	6	study	study	NOUN
gujaf-17	20	7	included	include	VERB
gujaf-17	20	8	institutional	institutional	ADJ
gujaf-17	20	9	and	and	CCONJ
gujaf-17	20	10	executive	executive	ADJ
gujaf-17	20	11	ownership	ownership	NOUN
gujaf-17	20	12	along	along	ADP
gujaf-17	20	13	with	with	ADP
gujaf-17	20	14	board	board	NOUN
gujaf-17	20	15	composition	composition	NOUN
gujaf-17	20	16	and	and	CCONJ
gujaf-17	20	17	size	size	NOUN
gujaf-17	20	18	as	as	ADP
gujaf-17	20	19	board	board	NOUN
gujaf-17	20	20	characteristics	characteristic	NOUN
gujaf-17	20	21	.	.	PUNCT
gujaf-17	21	1	the	the	DET
gujaf-17	21	2	arguments	argument	NOUN
gujaf-17	21	3	concerning	concern	VERB
gujaf-17	21	4	executive	executive	ADJ
gujaf-17	21	5	compensation	compensation	NOUN
gujaf-17	21	6	/	/	SYM
gujaf-17	21	7	incentives	incentive	NOUN
gujaf-17	21	8	are	be	AUX
gujaf-17	21	9	not	not	PART
gujaf-17	21	10	the	the	DET
gujaf-17	21	11	simplest	simple	ADJ
gujaf-17	21	12	manner	manner	NOUN
gujaf-17	21	13	to	to	PART
gujaf-17	21	14	resolve	resolve	VERB
gujaf-17	21	15	the	the	DET
gujaf-17	21	16	enterprise	enterprise	NOUN
gujaf-17	21	17	problems	problem	NOUN
gujaf-17	21	18	,	,	PUNCT
gujaf-17	21	19	however	however	ADV
gujaf-17	21	20	also	also	ADV
gujaf-17	21	21	wanted	want	VERB
gujaf-17	21	22	a	a	DET
gujaf-17	21	23	scrutiny	scrutiny	NOUN
gujaf-17	21	24	mechanism	mechanism	NOUN
gujaf-17	21	25	of	of	ADP
gujaf-17	21	26	corporate	corporate	ADJ
gujaf-17	21	27	governance	governance	NOUN
gujaf-17	21	28	to	to	PART
gujaf-17	21	29	address	address	VERB
gujaf-17	21	30	the	the	DET
gujaf-17	21	31	leading	lead	VERB
gujaf-17	21	32	controversies	controversy	NOUN
gujaf-17	21	33	.	.	PUNCT
gujaf-17	22	1	without	without	ADP
gujaf-17	22	2	corporate	corporate	ADJ
gujaf-17	22	3	governance	governance	NOUN
gujaf-17	22	4	mechanisms	mechanism	NOUN
gujaf-17	22	5	,	,	PUNCT
gujaf-17	22	6	executive	executive	ADJ
gujaf-17	22	7	directors	director	NOUN
gujaf-17	22	8	are	be	AUX
gujaf-17	22	9	able	able	ADJ
gujaf-17	22	10	to	to	PART
gujaf-17	22	11	freely	freely	ADV
gujaf-17	22	12	carry	carry	VERB
gujaf-17	22	13	out	out	ADP
gujaf-17	22	14	moves	move	NOUN
gujaf-17	22	15	that	that	PRON
gujaf-17	22	16	pursue	pursue	VERB
gujaf-17	22	17	their	their	PRON
gujaf-17	22	18	non	non	ADJ
gujaf-17	22	19	-	-	ADJ
gujaf-17	22	20	public	public	ADJ
gujaf-17	22	21	interest	interest	NOUN
gujaf-17	22	22	and	and	CCONJ
gujaf-17	22	23	such	such	ADJ
gujaf-17	22	24	profits	profit	NOUN
gujaf-17	22	25	through	through	ADP
gujaf-17	22	26	the	the	DET
gujaf-17	22	27	executives	executive	NOUN
gujaf-17	22	28	are	be	AUX
gujaf-17	22	29	constantly	constantly	ADV
gujaf-17	22	30	detrimental	detrimental	ADJ
gujaf-17	22	31	to	to	ADP
gujaf-17	22	32	the	the	DET
gujaf-17	22	33	shareholders	shareholder	NOUN
gujaf-17	22	34	’	’	PART
gujaf-17	22	35	interest	interest	NOUN
gujaf-17	22	36	.	.	PUNCT
gujaf-17	23	1	in	in	ADP
gujaf-17	23	2	this	this	DET
gujaf-17	23	3	context	context	NOUN
gujaf-17	23	4	,	,	PUNCT
gujaf-17	23	5	governance	governance	NOUN
gujaf-17	23	6	mechanisms	mechanism	NOUN
gujaf-17	23	7	are	be	AUX
gujaf-17	23	8	needed	need	VERB
gujaf-17	23	9	to	to	PART
gujaf-17	23	10	determine	determine	VERB
gujaf-17	23	11	the	the	DET
gujaf-17	23	12	quantity	quantity	NOUN
gujaf-17	23	13	of	of	ADP
gujaf-17	23	14	executive	executive	ADJ
gujaf-17	23	15	reimbursement	reimbursement	NOUN
gujaf-17	23	16	and	and	CCONJ
gujaf-17	23	17	overall	overall	ADJ
gujaf-17	23	18	performance	performance	NOUN
gujaf-17	23	19	tracking	tracking	NOUN
gujaf-17	23	20	undertaken	undertake	VERB
gujaf-17	23	21	by	by	ADP
gujaf-17	23	22	way	way	NOUN
gujaf-17	23	23	of	of	ADP
gujaf-17	23	24	management	management	NOUN
gujaf-17	23	25	(	(	PUNCT
gujaf-17	23	26	kim	kim	PROPN
gujaf-17	23	27	&	&	CCONJ
gujaf-17	23	28	nofsinger	nofsinger	PROPN
gujaf-17	23	29	,	,	PUNCT
gujaf-17	23	30	2007	2007	NUM
gujaf-17	23	31	)	)	PUNCT
gujaf-17	23	32	.	.	PUNCT
gujaf-17	24	1	gujaf	gujaf	NOUN
gujaf-17	24	2	:	:	PUNCT
gujaf-17	24	3	gusau	gusau	PROPN
gujaf-17	24	4	journal	journal	NOUN
gujaf-17	24	5	of	of	ADP
gujaf-17	24	6	accounting	accounting	NOUN
gujaf-17	24	7	and	and	CCONJ
gujaf-17	24	8	finance	finance	NOUN
gujaf-17	24	9	,	,	PUNCT
gujaf-17	24	10	vol	vol	NOUN
gujaf-17	24	11	.	.	PUNCT
gujaf-17	25	1	i	i	PRON
gujaf-17	25	2	,	,	PUNCT
gujaf-17	25	3	issue	issue	NOUN
gujaf-17	25	4	1	1	NUM
gujaf-17	25	5	,	,	PUNCT
gujaf-17	25	6	april	april	PROPN
gujaf-17	25	7	,	,	PUNCT
gujaf-17	25	8	2020	2020	NUM
gujaf-17	25	9	issn	issn	VERB
gujaf-17	25	10	2756	2756	NUM
gujaf-17	25	11	-	-	PUNCT
gujaf-17	25	12	665x	665x	NOUN
gujaf-17	25	13	3	3	NUM
gujaf-17	25	14	ownership	ownership	NOUN
gujaf-17	25	15	structure	structure	NOUN
gujaf-17	25	16	and	and	CCONJ
gujaf-17	25	17	board	board	NOUN
gujaf-17	25	18	of	of	ADP
gujaf-17	25	19	director	director	NOUN
gujaf-17	25	20	characteristics	characteristic	NOUN
gujaf-17	25	21	play	play	VERB
gujaf-17	25	22	an	an	DET
gujaf-17	25	23	essential	essential	ADJ
gujaf-17	25	24	position	position	NOUN
gujaf-17	25	25	in	in	ADP
gujaf-17	25	26	addressing	address	VERB
gujaf-17	25	27	organization	organization	NOUN
gujaf-17	25	28	hassle	hassle	NOUN
gujaf-17	25	29	.	.	PUNCT
gujaf-17	26	1	when	when	SCONJ
gujaf-17	26	2	business	business	NOUN
gujaf-17	26	3	enterprise	enterprise	NOUN
gujaf-17	26	4	ownership	ownership	NOUN
gujaf-17	26	5	is	be	AUX
gujaf-17	26	6	diverse	diverse	ADJ
gujaf-17	26	7	,	,	PUNCT
gujaf-17	26	8	then	then	ADV
gujaf-17	26	9	ability	ability	NOUN
gujaf-17	26	10	for	for	ADP
gujaf-17	26	11	sub	sub	ADJ
gujaf-17	26	12	-	-	ADJ
gujaf-17	26	13	most	most	ADV
gujaf-17	26	14	effective	effective	ADJ
gujaf-17	26	15	stage	stage	NOUN
gujaf-17	26	16	of	of	ADP
gujaf-17	26	17	tracking	tracking	NOUN
gujaf-17	26	18	exists	exist	VERB
gujaf-17	26	19	,	,	PUNCT
gujaf-17	26	20	since	since	SCONJ
gujaf-17	26	21	an	an	DET
gujaf-17	26	22	individual	individual	ADJ
gujaf-17	26	23	shareholder	shareholder	NOUN
gujaf-17	26	24	is	be	AUX
gujaf-17	26	25	unable	unable	ADJ
gujaf-17	26	26	to	to	PART
gujaf-17	26	27	absolutely	absolutely	ADV
gujaf-17	26	28	appropriate	appropriate	VERB
gujaf-17	26	29	the	the	DET
gujaf-17	26	30	gains	gain	NOUN
gujaf-17	26	31	from	from	ADP
gujaf-17	26	32	the	the	DET
gujaf-17	26	33	monitoring	monitoring	NOUN
gujaf-17	26	34	feature	feature	NOUN
gujaf-17	26	35	.	.	PUNCT
gujaf-17	27	1	the	the	DET
gujaf-17	27	2	size	size	NOUN
gujaf-17	27	3	and	and	CCONJ
gujaf-17	27	4	composition	composition	NOUN
gujaf-17	27	5	of	of	ADP
gujaf-17	27	6	board	board	NOUN
gujaf-17	27	7	of	of	ADP
gujaf-17	27	8	directors	director	NOUN
gujaf-17	27	9	also	also	ADV
gujaf-17	27	10	serve	serve	VERB
gujaf-17	27	11	as	as	ADP
gujaf-17	27	12	a	a	DET
gujaf-17	27	13	vital	vital	ADJ
gujaf-17	27	14	mechanism	mechanism	NOUN
gujaf-17	27	15	for	for	ADP
gujaf-17	27	16	setting	set	VERB
gujaf-17	27	17	executive	executive	ADJ
gujaf-17	27	18	compensation	compensation	NOUN
gujaf-17	27	19	and	and	CCONJ
gujaf-17	27	20	act	act	VERB
gujaf-17	27	21	on	on	ADP
gujaf-17	27	22	behalf	behalf	NOUN
gujaf-17	27	23	of	of	ADP
gujaf-17	27	24	the	the	DET
gujaf-17	27	25	shareholders	shareholder	NOUN
gujaf-17	27	26	in	in	ADP
gujaf-17	27	27	representing	represent	VERB
gujaf-17	27	28	their	their	PRON
gujaf-17	27	29	interest	interest	NOUN
gujaf-17	27	30	.	.	PUNCT
gujaf-17	28	1	but	but	CCONJ
gujaf-17	28	2	where	where	SCONJ
gujaf-17	28	3	non	non	ADJ
gujaf-17	28	4	-	-	ADJ
gujaf-17	28	5	executive	executive	ADJ
gujaf-17	28	6	officers	officer	NOUN
gujaf-17	28	7	dominates	dominate	VERB
gujaf-17	28	8	the	the	DET
gujaf-17	28	9	board	board	NOUN
gujaf-17	28	10	,	,	PUNCT
gujaf-17	28	11	they	they	PRON
gujaf-17	28	12	are	be	AUX
gujaf-17	28	13	much	much	ADV
gujaf-17	28	14	more	more	ADV
gujaf-17	28	15	likely	likely	ADJ
gujaf-17	28	16	to	to	PART
gujaf-17	28	17	bring	bring	VERB
gujaf-17	28	18	more	more	ADJ
gujaf-17	28	19	breadth	breadth	NOUN
gujaf-17	28	20	of	of	ADP
gujaf-17	28	21	knowhow	knowhow	NOUN
gujaf-17	28	22	to	to	ADP
gujaf-17	28	23	the	the	DET
gujaf-17	28	24	firm	firm	NOUN
gujaf-17	28	25	,	,	PUNCT
gujaf-17	28	26	by	by	ADP
gujaf-17	28	27	monitoring	monitor	VERB
gujaf-17	28	28	and	and	CCONJ
gujaf-17	28	29	controlling	control	VERB
gujaf-17	28	30	the	the	DET
gujaf-17	28	31	managers	manager	NOUN
gujaf-17	28	32	’	’	PART
gujaf-17	28	33	action	action	NOUN
gujaf-17	28	34	.	.	PUNCT
gujaf-17	29	1	the	the	DET
gujaf-17	29	2	obliging	obliging	ADJ
gujaf-17	29	3	question	question	NOUN
gujaf-17	29	4	for	for	ADP
gujaf-17	29	5	the	the	DET
gujaf-17	29	6	average	average	ADJ
gujaf-17	29	7	scholars	scholar	NOUN
gujaf-17	29	8	on	on	ADP
gujaf-17	29	9	firm	firm	ADJ
gujaf-17	29	10	financial	financial	ADJ
gujaf-17	29	11	performance	performance	NOUN
gujaf-17	29	12	,	,	PUNCT
gujaf-17	29	13	ownership	ownership	NOUN
gujaf-17	29	14	structures	structure	NOUN
gujaf-17	29	15	,	,	PUNCT
gujaf-17	29	16	board	board	NOUN
gujaf-17	29	17	characteristics	characteristic	NOUN
gujaf-17	29	18	and	and	CCONJ
gujaf-17	29	19	executive	executive	NOUN
gujaf-17	29	20	compensation	compensation	NOUN
gujaf-17	29	21	studies	study	NOUN
gujaf-17	29	22	,	,	PUNCT
gujaf-17	29	23	is	be	AUX
gujaf-17	29	24	whether	whether	SCONJ
gujaf-17	29	25	the	the	DET
gujaf-17	29	26	compensation	compensation	NOUN
gujaf-17	29	27	of	of	ADP
gujaf-17	29	28	executive	executive	ADJ
gujaf-17	29	29	officers	officer	NOUN
gujaf-17	29	30	reflects	reflect	VERB
gujaf-17	29	31	economic	economic	ADJ
gujaf-17	29	32	performance	performance	NOUN
gujaf-17	29	33	of	of	ADP
gujaf-17	29	34	the	the	DET
gujaf-17	29	35	company	company	NOUN
gujaf-17	29	36	they	they	PRON
gujaf-17	29	37	manage	manage	VERB
gujaf-17	29	38	.	.	PUNCT
gujaf-17	30	1	however	however	ADV
gujaf-17	30	2	,	,	PUNCT
gujaf-17	30	3	despite	despite	SCONJ
gujaf-17	30	4	a	a	DET
gujaf-17	30	5	large	large	ADJ
gujaf-17	30	6	volume	volume	NOUN
gujaf-17	30	7	of	of	ADP
gujaf-17	30	8	researches	research	NOUN
gujaf-17	30	9	that	that	PRON
gujaf-17	30	10	have	have	AUX
gujaf-17	30	11	been	be	AUX
gujaf-17	30	12	conducted	conduct	VERB
gujaf-17	30	13	by	by	ADP
gujaf-17	30	14	some	some	DET
gujaf-17	30	15	notable	notable	ADJ
gujaf-17	30	16	researchers	researcher	NOUN
gujaf-17	30	17	on	on	ADP
gujaf-17	30	18	this	this	DET
gujaf-17	30	19	discourse	discourse	NOUN
gujaf-17	30	20	,	,	PUNCT
gujaf-17	30	21	some	some	PRON
gujaf-17	30	22	of	of	ADP
gujaf-17	30	23	which	which	PRON
gujaf-17	30	24	include	include	VERB
gujaf-17	30	25	the	the	DET
gujaf-17	30	26	work	work	NOUN
gujaf-17	30	27	of	of	ADP
gujaf-17	30	28	jensen	jensen	PROPN
gujaf-17	30	29	&	&	CCONJ
gujaf-17	30	30	murphy	murphy	PROPN
gujaf-17	30	31	(	(	PUNCT
gujaf-17	30	32	1990	1990	NUM
gujaf-17	30	33	)	)	PUNCT
gujaf-17	30	34	,	,	PUNCT
gujaf-17	30	35	conyon	conyon	NOUN
gujaf-17	30	36	&	&	CCONJ
gujaf-17	30	37	leech	leech	NOUN
gujaf-17	30	38	(	(	PUNCT
gujaf-17	30	39	1994	1994	NUM
gujaf-17	30	40	)	)	PUNCT
gujaf-17	30	41	,	,	PUNCT
gujaf-17	30	42	ozkan	ozkan	X
gujaf-17	30	43	(	(	PUNCT
gujaf-17	30	44	2007	2007	NUM
gujaf-17	30	45	)	)	PUNCT
gujaf-17	30	46	,	,	PUNCT
gujaf-17	30	47	gregg	gregg	PROPN
gujaf-17	30	48	,	,	PUNCT
gujaf-17	30	49	jewell	jewell	PROPN
gujaf-17	30	50	,	,	PUNCT
gujaf-17	30	51	&	&	CCONJ
gujaf-17	30	52	tonks	tonks	PROPN
gujaf-17	30	53	(	(	PUNCT
gujaf-17	30	54	2010	2010	NUM
gujaf-17	30	55	)	)	PUNCT
gujaf-17	30	56	and	and	CCONJ
gujaf-17	30	57	muhammed	muhamme	VERB
gujaf-17	30	58	(	(	PUNCT
gujaf-17	30	59	2015	2015	NUM
gujaf-17	30	60	)	)	PUNCT
gujaf-17	30	61	,	,	PUNCT
gujaf-17	30	62	to	to	PART
gujaf-17	30	63	find	find	VERB
gujaf-17	30	64	the	the	DET
gujaf-17	30	65	answer	answer	NOUN
gujaf-17	30	66	to	to	ADP
gujaf-17	30	67	the	the	DET
gujaf-17	30	68	question	question	NOUN
gujaf-17	30	69	raised	raise	VERB
gujaf-17	30	70	above	above	ADV
gujaf-17	30	71	,	,	PUNCT
gujaf-17	30	72	yet	yet	CCONJ
gujaf-17	30	73	there	there	PRON
gujaf-17	30	74	is	be	VERB
gujaf-17	30	75	no	no	DET
gujaf-17	30	76	real	real	ADJ
gujaf-17	30	77	consensus	consensus	NOUN
gujaf-17	30	78	on	on	ADP
gujaf-17	30	79	their	their	PRON
gujaf-17	30	80	findings	finding	NOUN
gujaf-17	30	81	.	.	PUNCT
gujaf-17	31	1	in	in	ADP
gujaf-17	31	2	nigeria	nigeria	PROPN
gujaf-17	31	3	,	,	PUNCT
gujaf-17	31	4	the	the	DET
gujaf-17	31	5	study	study	NOUN
gujaf-17	31	6	is	be	AUX
gujaf-17	31	7	also	also	ADV
gujaf-17	31	8	aware	aware	ADJ
gujaf-17	31	9	of	of	ADP
gujaf-17	31	10	a	a	DET
gujaf-17	31	11	clear	clear	ADJ
gujaf-17	31	12	gap	gap	NOUN
gujaf-17	31	13	in	in	ADP
gujaf-17	31	14	the	the	DET
gujaf-17	31	15	empirical	empirical	ADJ
gujaf-17	31	16	research	research	NOUN
gujaf-17	31	17	on	on	ADP
gujaf-17	31	18	this	this	DET
gujaf-17	31	19	area	area	NOUN
gujaf-17	31	20	.	.	PUNCT
gujaf-17	32	1	it	it	PRON
gujaf-17	32	2	is	be	AUX
gujaf-17	32	3	likewise	likewise	ADV
gujaf-17	32	4	discovered	discover	VERB
gujaf-17	32	5	that	that	SCONJ
gujaf-17	32	6	to	to	ADP
gujaf-17	32	7	the	the	DET
gujaf-17	32	8	quality	quality	NOUN
gujaf-17	32	9	of	of	ADP
gujaf-17	32	10	the	the	DET
gujaf-17	32	11	researchers	researcher	NOUN
gujaf-17	32	12	’	’	PART
gujaf-17	32	13	understanding	understanding	NOUN
gujaf-17	32	14	,	,	PUNCT
gujaf-17	32	15	few	few	ADJ
gujaf-17	32	16	studies	study	NOUN
gujaf-17	32	17	of	of	ADP
gujaf-17	32	18	the	the	DET
gujaf-17	32	19	aforementioned	aforementioned	ADJ
gujaf-17	32	20	area	area	NOUN
gujaf-17	32	21	focused	focus	VERB
gujaf-17	32	22	exclusively	exclusively	ADV
gujaf-17	32	23	on	on	ADP
gujaf-17	32	24	banks	bank	NOUN
gujaf-17	32	25	,	,	PUNCT
gujaf-17	32	26	with	with	ADP
gujaf-17	32	27	ayodele	ayodele	PROPN
gujaf-17	32	28	(	(	PUNCT
gujaf-17	32	29	2012	2012	NUM
gujaf-17	32	30	)	)	PUNCT
gujaf-17	32	31	and	and	CCONJ
gujaf-17	32	32	kurawa	kurawa	PROPN
gujaf-17	32	33	&	&	CCONJ
gujaf-17	32	34	saidu	saidu	PROPN
gujaf-17	32	35	(	(	PUNCT
gujaf-17	32	36	2014	2014	NUM
gujaf-17	32	37	)	)	PUNCT
gujaf-17	32	38	discovering	discover	VERB
gujaf-17	32	39	a	a	DET
gujaf-17	32	40	direct	direct	ADJ
gujaf-17	32	41	and	and	CCONJ
gujaf-17	32	42	significant	significant	ADJ
gujaf-17	32	43	relationship	relationship	NOUN
gujaf-17	32	44	between	between	ADP
gujaf-17	32	45	executive	executive	ADJ
gujaf-17	32	46	compensation	compensation	NOUN
gujaf-17	32	47	and	and	CCONJ
gujaf-17	32	48	financial	financial	ADJ
gujaf-17	32	49	performance	performance	NOUN
gujaf-17	32	50	while	while	SCONJ
gujaf-17	32	51	muhammed	muhamme	VERB
gujaf-17	32	52	(	(	PUNCT
gujaf-17	32	53	2015	2015	NUM
gujaf-17	32	54	)	)	PUNCT
gujaf-17	32	55	found	find	VERB
gujaf-17	32	56	no	no	DET
gujaf-17	32	57	relationship	relationship	NOUN
gujaf-17	32	58	.	.	PUNCT
gujaf-17	33	1	this	this	PRON
gujaf-17	33	2	necessitated	necessitate	VERB
gujaf-17	33	3	this	this	DET
gujaf-17	33	4	study	study	NOUN
gujaf-17	33	5	to	to	PART
gujaf-17	33	6	be	be	AUX
gujaf-17	33	7	carried	carry	VERB
gujaf-17	33	8	out	out	ADP
gujaf-17	33	9	in	in	ADP
gujaf-17	33	10	the	the	DET
gujaf-17	33	11	non	non	ADJ
gujaf-17	33	12	-	-	ADJ
gujaf-17	33	13	service	service	ADJ
gujaf-17	33	14	firm	firm	NOUN
gujaf-17	33	15	with	with	ADP
gujaf-17	33	16	inclusion	inclusion	NOUN
gujaf-17	33	17	of	of	ADP
gujaf-17	33	18	corporate	corporate	ADJ
gujaf-17	33	19	governance	governance	NOUN
gujaf-17	33	20	variables	variable	NOUN
gujaf-17	33	21	(	(	PUNCT
gujaf-17	33	22	ownership	ownership	NOUN
gujaf-17	33	23	structure	structure	NOUN
gujaf-17	33	24	and	and	CCONJ
gujaf-17	33	25	board	board	NOUN
gujaf-17	33	26	characteristics	characteristic	NOUN
gujaf-17	33	27	)	)	PUNCT
gujaf-17	33	28	.	.	PUNCT
gujaf-17	34	1	this	this	DET
gujaf-17	34	2	study	study	NOUN
gujaf-17	34	3	focused	focus	VERB
gujaf-17	34	4	on	on	ADP
gujaf-17	34	5	listed	list	VERB
gujaf-17	34	6	conglomerates	conglomerate	NOUN
gujaf-17	34	7	in	in	ADP
gujaf-17	34	8	nigeria	nigeria	PROPN
gujaf-17	34	9	,	,	PUNCT
gujaf-17	34	10	because	because	SCONJ
gujaf-17	34	11	the	the	DET
gujaf-17	34	12	researcher	researcher	NOUN
gujaf-17	34	13	identified	identify	VERB
gujaf-17	34	14	a	a	DET
gujaf-17	34	15	suitable	suitable	ADJ
gujaf-17	34	16	context	context	NOUN
gujaf-17	34	17	in	in	ADP
gujaf-17	34	18	which	which	PRON
gujaf-17	34	19	managers	manager	NOUN
gujaf-17	34	20	might	might	AUX
gujaf-17	34	21	take	take	VERB
gujaf-17	34	22	steps	step	NOUN
gujaf-17	34	23	to	to	PART
gujaf-17	34	24	increase	increase	VERB
gujaf-17	34	25	the	the	DET
gujaf-17	34	26	size	size	NOUN
gujaf-17	34	27	of	of	ADP
gujaf-17	34	28	the	the	DET
gujaf-17	34	29	firm	firm	NOUN
gujaf-17	34	30	along	along	ADP
gujaf-17	34	31	with	with	ADP
gujaf-17	34	32	their	their	PRON
gujaf-17	34	33	pay	pay	NOUN
gujaf-17	34	34	,	,	PUNCT
gujaf-17	34	35	which	which	PRON
gujaf-17	34	36	may	may	AUX
gujaf-17	34	37	not	not	PART
gujaf-17	34	38	necessarily	necessarily	ADV
gujaf-17	34	39	increase	increase	VERB
gujaf-17	34	40	the	the	DET
gujaf-17	34	41	profitability	profitability	NOUN
gujaf-17	34	42	of	of	ADP
gujaf-17	34	43	the	the	DET
gujaf-17	34	44	entity	entity	NOUN
gujaf-17	34	45	they	they	PRON
gujaf-17	34	46	manage	manage	VERB
gujaf-17	34	47	.	.	PUNCT
gujaf-17	35	1	this	this	PRON
gujaf-17	35	2	is	be	AUX
gujaf-17	35	3	so	so	ADV
gujaf-17	35	4	,	,	PUNCT
gujaf-17	35	5	if	if	SCONJ
gujaf-17	35	6	one	one	PRON
gujaf-17	35	7	considers	consider	VERB
gujaf-17	35	8	the	the	DET
gujaf-17	35	9	inter	inter	ADJ
gujaf-17	35	10	-	-	ADJ
gujaf-17	35	11	woven	woven	ADJ
gujaf-17	35	12	relationships	relationship	NOUN
gujaf-17	35	13	between	between	ADP
gujaf-17	35	14	the	the	DET
gujaf-17	35	15	mother	mother	NOUN
gujaf-17	35	16	corporations	corporation	NOUN
gujaf-17	35	17	and	and	CCONJ
gujaf-17	35	18	their	their	PRON
gujaf-17	35	19	subsidiaries	subsidiary	NOUN
gujaf-17	35	20	both	both	PRON
gujaf-17	35	21	of	of	ADP
gujaf-17	35	22	which	which	PRON
gujaf-17	35	23	can	can	AUX
gujaf-17	35	24	be	be	AUX
gujaf-17	35	25	indexed	index	VERB
gujaf-17	35	26	inside	inside	ADP
gujaf-17	35	27	the	the	DET
gujaf-17	35	28	stock	stock	NOUN
gujaf-17	35	29	exchange	exchange	NOUN
gujaf-17	35	30	.	.	PUNCT
gujaf-17	36	1	the	the	DET
gujaf-17	36	2	foremost	foremost	ADJ
gujaf-17	36	3	objective	objective	NOUN
gujaf-17	36	4	of	of	ADP
gujaf-17	36	5	this	this	DET
gujaf-17	36	6	study	study	NOUN
gujaf-17	36	7	is	be	AUX
gujaf-17	36	8	to	to	PART
gujaf-17	36	9	examine	examine	VERB
gujaf-17	36	10	the	the	DET
gujaf-17	36	11	impact	impact	NOUN
gujaf-17	36	12	of	of	ADP
gujaf-17	36	13	firm	firm	ADJ
gujaf-17	36	14	attributes	attribute	NOUN
gujaf-17	36	15	on	on	ADP
gujaf-17	36	16	executive	executive	ADJ
gujaf-17	36	17	compensation	compensation	NOUN
gujaf-17	36	18	of	of	ADP
gujaf-17	36	19	indexed	indexed	ADJ
gujaf-17	36	20	conglomerates	conglomerate	NOUN
gujaf-17	36	21	in	in	ADP
gujaf-17	36	22	nigeria	nigeria	PROPN
gujaf-17	36	23	,	,	PUNCT
gujaf-17	36	24	while	while	SCONJ
gujaf-17	36	25	the	the	DET
gujaf-17	36	26	precise	precise	ADJ
gujaf-17	36	27	targets	target	NOUN
gujaf-17	36	28	are	be	AUX
gujaf-17	36	29	to	to	PART
gujaf-17	36	30	study	study	VERB
gujaf-17	36	31	the	the	DET
gujaf-17	36	32	effect	effect	NOUN
gujaf-17	36	33	of	of	ADP
gujaf-17	36	34	:	:	PUNCT
gujaf-17	36	35	i.	i.	NOUN
gujaf-17	36	36	return	return	NOUN
gujaf-17	36	37	on	on	ADP
gujaf-17	36	38	asset	asset	NOUN
gujaf-17	36	39	on	on	ADP
gujaf-17	36	40	executive	executive	ADJ
gujaf-17	36	41	compensation	compensation	NOUN
gujaf-17	36	42	of	of	ADP
gujaf-17	36	43	listed	list	VERB
gujaf-17	36	44	conglomerates	conglomerate	NOUN
gujaf-17	36	45	in	in	ADP
gujaf-17	36	46	nigeria	nigeria	PROPN
gujaf-17	36	47	.	.	PUNCT
gujaf-17	37	1	gujaf	gujaf	NOUN
gujaf-17	37	2	:	:	PUNCT
gujaf-17	37	3	gusau	gusau	PROPN
gujaf-17	37	4	journal	journal	NOUN
gujaf-17	37	5	of	of	ADP
gujaf-17	37	6	accounting	accounting	NOUN
gujaf-17	37	7	and	and	CCONJ
gujaf-17	37	8	finance	finance	NOUN
gujaf-17	37	9	,	,	PUNCT
gujaf-17	37	10	vol	vol	NOUN
gujaf-17	37	11	.	.	PUNCT
gujaf-17	38	1	i	i	PRON
gujaf-17	38	2	,	,	PUNCT
gujaf-17	38	3	issue	issue	NOUN
gujaf-17	38	4	1	1	NUM
gujaf-17	38	5	,	,	PUNCT
gujaf-17	38	6	april	april	PROPN
gujaf-17	38	7	,	,	PUNCT
gujaf-17	38	8	2020	2020	NUM
gujaf-17	38	9	issn	issn	VERB
gujaf-17	38	10	2756	2756	NUM
gujaf-17	38	11	-	-	PUNCT
gujaf-17	38	12	665x	665x	PROPN
gujaf-17	38	13	4	4	NUM
gujaf-17	38	14	ii	ii	NOUN
gujaf-17	38	15	.	.	PUNCT
gujaf-17	39	1	return	return	VERB
gujaf-17	39	2	on	on	ADP
gujaf-17	39	3	equity	equity	NOUN
gujaf-17	39	4	on	on	ADP
gujaf-17	39	5	executive	executive	ADJ
gujaf-17	39	6	compensation	compensation	NOUN
gujaf-17	39	7	of	of	ADP
gujaf-17	39	8	listed	list	VERB
gujaf-17	39	9	conglomerates	conglomerate	NOUN
gujaf-17	39	10	in	in	ADP
gujaf-17	39	11	nigeria	nigeria	PROPN
gujaf-17	39	12	.	.	PUNCT
gujaf-17	40	1	iii	iii	X
gujaf-17	40	2	.	.	PUNCT
gujaf-17	40	3	institutional	institutional	ADJ
gujaf-17	40	4	ownership	ownership	NOUN
gujaf-17	40	5	on	on	ADP
gujaf-17	40	6	executive	executive	ADJ
gujaf-17	40	7	compensation	compensation	NOUN
gujaf-17	40	8	of	of	ADP
gujaf-17	40	9	listed	list	VERB
gujaf-17	40	10	conglomerates	conglomerate	NOUN
gujaf-17	40	11	in	in	ADP
gujaf-17	40	12	nigeria	nigeria	PROPN
gujaf-17	40	13	.	.	PUNCT
gujaf-17	41	1	iv	iv	X
gujaf-17	41	2	.	.	PUNCT
gujaf-17	41	3	executive	executive	ADJ
gujaf-17	41	4	ownership	ownership	NOUN
gujaf-17	41	5	on	on	ADP
gujaf-17	41	6	executive	executive	ADJ
gujaf-17	41	7	compensation	compensation	NOUN
gujaf-17	41	8	of	of	ADP
gujaf-17	41	9	listed	list	VERB
gujaf-17	41	10	conglomerates	conglomerate	NOUN
gujaf-17	41	11	in	in	ADP
gujaf-17	41	12	nigeria	nigeria	PROPN
gujaf-17	41	13	.	.	PUNCT
gujaf-17	42	1	v.	v.	ADP
gujaf-17	42	2	board	board	NOUN
gujaf-17	42	3	composition	composition	NOUN
gujaf-17	42	4	on	on	ADP
gujaf-17	42	5	executive	executive	ADJ
gujaf-17	42	6	compensation	compensation	NOUN
gujaf-17	42	7	of	of	ADP
gujaf-17	42	8	listed	list	VERB
gujaf-17	42	9	conglomerates	conglomerate	NOUN
gujaf-17	42	10	in	in	ADP
gujaf-17	42	11	nigeria	nigeria	PROPN
gujaf-17	42	12	.	.	PUNCT
gujaf-17	43	1	vi	vi	PROPN
gujaf-17	43	2	.	.	PROPN
gujaf-17	43	3	board	board	NOUN
gujaf-17	43	4	size	size	NOUN
gujaf-17	43	5	on	on	ADP
gujaf-17	43	6	executive	executive	ADJ
gujaf-17	43	7	compensation	compensation	NOUN
gujaf-17	43	8	of	of	ADP
gujaf-17	43	9	listed	list	VERB
gujaf-17	43	10	conglomerates	conglomerate	NOUN
gujaf-17	43	11	in	in	ADP
gujaf-17	43	12	nigeria	nigeria	PROPN
gujaf-17	43	13	.	.	PUNCT
gujaf-17	44	1	in	in	ADP
gujaf-17	44	2	line	line	NOUN
gujaf-17	44	3	with	with	ADP
gujaf-17	44	4	the	the	DET
gujaf-17	44	5	targets	target	NOUN
gujaf-17	44	6	of	of	ADP
gujaf-17	44	7	the	the	DET
gujaf-17	44	8	study	study	NOUN
gujaf-17	44	9	,	,	PUNCT
gujaf-17	44	10	the	the	DET
gujaf-17	44	11	following	follow	VERB
gujaf-17	44	12	null	null	ADJ
gujaf-17	44	13	hypotheses	hypothesis	NOUN
gujaf-17	44	14	were	be	AUX
gujaf-17	44	15	formulated	formulate	VERB
gujaf-17	44	16	:	:	PUNCT
gujaf-17	44	17	ho1	ho1	NOUN
gujaf-17	44	18	:	:	PUNCT
gujaf-17	44	19	return	return	VERB
gujaf-17	44	20	on	on	ADP
gujaf-17	44	21	asset	asset	NOUN
gujaf-17	44	22	has	have	VERB
gujaf-17	44	23	no	no	DET
gujaf-17	44	24	significant	significant	ADJ
gujaf-17	44	25	impact	impact	NOUN
gujaf-17	44	26	on	on	ADP
gujaf-17	44	27	executive	executive	ADJ
gujaf-17	44	28	compensation	compensation	NOUN
gujaf-17	44	29	of	of	ADP
gujaf-17	44	30	listed	list	VERB
gujaf-17	44	31	conglomerates	conglomerate	NOUN
gujaf-17	44	32	in	in	ADP
gujaf-17	44	33	nigeria	nigeria	PROPN
gujaf-17	44	34	.	.	PUNCT
gujaf-17	45	1	ho2	ho2	PROPN
gujaf-17	45	2	:	:	PUNCT
gujaf-17	45	3	return	return	NOUN
gujaf-17	45	4	on	on	ADP
gujaf-17	45	5	equity	equity	NOUN
gujaf-17	45	6	has	have	VERB
gujaf-17	45	7	no	no	DET
gujaf-17	45	8	significant	significant	ADJ
gujaf-17	45	9	impact	impact	NOUN
gujaf-17	45	10	on	on	ADP
gujaf-17	45	11	executive	executive	ADJ
gujaf-17	45	12	compensation	compensation	NOUN
gujaf-17	45	13	of	of	ADP
gujaf-17	45	14	listed	list	VERB
gujaf-17	45	15	conglomerates	conglomerate	NOUN
gujaf-17	45	16	in	in	ADP
gujaf-17	45	17	nigeria	nigeria	PROPN
gujaf-17	45	18	.	.	PUNCT
gujaf-17	46	1	ho3	ho3	NOUN
gujaf-17	46	2	:	:	PUNCT
gujaf-17	46	3	institutional	institutional	ADJ
gujaf-17	46	4	ownership	ownership	NOUN
gujaf-17	46	5	has	have	VERB
gujaf-17	46	6	no	no	DET
gujaf-17	46	7	significant	significant	ADJ
gujaf-17	46	8	impact	impact	NOUN
gujaf-17	46	9	on	on	ADP
gujaf-17	46	10	executive	executive	ADJ
gujaf-17	46	11	compensation	compensation	NOUN
gujaf-17	46	12	of	of	ADP
gujaf-17	46	13	listed	list	VERB
gujaf-17	46	14	conglomerates	conglomerate	NOUN
gujaf-17	46	15	in	in	ADP
gujaf-17	46	16	nigeria	nigeria	PROPN
gujaf-17	46	17	.	.	PUNCT
gujaf-17	47	1	ho4	ho4	PROPN
gujaf-17	47	2	:	:	PUNCT
gujaf-17	47	3	executive	executive	ADJ
gujaf-17	47	4	ownership	ownership	NOUN
gujaf-17	47	5	has	have	VERB
gujaf-17	47	6	no	no	DET
gujaf-17	47	7	significant	significant	ADJ
gujaf-17	47	8	impact	impact	NOUN
gujaf-17	47	9	on	on	ADP
gujaf-17	47	10	executive	executive	ADJ
gujaf-17	47	11	compensation	compensation	NOUN
gujaf-17	47	12	of	of	ADP
gujaf-17	47	13	listed	list	VERB
gujaf-17	47	14	conglomerates	conglomerate	NOUN
gujaf-17	47	15	in	in	ADP
gujaf-17	47	16	nigeria	nigeria	PROPN
gujaf-17	47	17	.	.	PUNCT
gujaf-17	48	1	ho5	ho5	NOUN
gujaf-17	48	2	:	:	PUNCT
gujaf-17	48	3	board	board	NOUN
gujaf-17	48	4	composition	composition	NOUN
gujaf-17	48	5	has	have	VERB
gujaf-17	48	6	no	no	DET
gujaf-17	48	7	significant	significant	ADJ
gujaf-17	48	8	impact	impact	NOUN
gujaf-17	48	9	on	on	ADP
gujaf-17	48	10	executive	executive	ADJ
gujaf-17	48	11	compensation	compensation	NOUN
gujaf-17	48	12	of	of	ADP
gujaf-17	48	13	listed	list	VERB
gujaf-17	48	14	conglomerates	conglomerate	NOUN
gujaf-17	48	15	in	in	ADP
gujaf-17	48	16	nigeria	nigeria	PROPN
gujaf-17	48	17	.	.	PUNCT
gujaf-17	49	1	ho6	ho6	ADV
gujaf-17	49	2	:	:	PUNCT
gujaf-17	49	3	board	board	NOUN
gujaf-17	49	4	size	size	NOUN
gujaf-17	49	5	has	have	VERB
gujaf-17	49	6	no	no	DET
gujaf-17	49	7	significant	significant	ADJ
gujaf-17	49	8	impact	impact	NOUN
gujaf-17	49	9	on	on	ADP
gujaf-17	49	10	executive	executive	ADJ
gujaf-17	49	11	compensation	compensation	NOUN
gujaf-17	49	12	of	of	ADP
gujaf-17	49	13	listed	list	VERB
gujaf-17	49	14	conglomerates	conglomerate	NOUN
gujaf-17	49	15	in	in	ADP
gujaf-17	49	16	nigeria	nigeria	PROPN
gujaf-17	49	17	.	.	PUNCT
gujaf-17	50	1	it	it	PRON
gujaf-17	50	2	is	be	AUX
gujaf-17	50	3	believed	believe	VERB
gujaf-17	50	4	that	that	SCONJ
gujaf-17	50	5	the	the	DET
gujaf-17	50	6	empirical	empirical	ADJ
gujaf-17	50	7	evidence	evidence	NOUN
gujaf-17	50	8	of	of	ADP
gujaf-17	50	9	this	this	DET
gujaf-17	50	10	study	study	NOUN
gujaf-17	50	11	could	could	AUX
gujaf-17	50	12	enable	enable	VERB
gujaf-17	50	13	the	the	DET
gujaf-17	50	14	committee	committee	NOUN
gujaf-17	50	15	concerned	concern	VERB
gujaf-17	50	16	with	with	ADP
gujaf-17	50	17	setting	set	VERB
gujaf-17	50	18	or	or	CCONJ
gujaf-17	50	19	designing	design	VERB
gujaf-17	50	20	the	the	DET
gujaf-17	50	21	executives	executive	NOUN
gujaf-17	50	22	’	'	PUNCT
gujaf-17	50	23	compensation	compensation	NOUN
gujaf-17	50	24	,	,	PUNCT
gujaf-17	50	25	in	in	ADP
gujaf-17	50	26	such	such	DET
gujaf-17	50	27	a	a	DET
gujaf-17	50	28	way	way	NOUN
gujaf-17	50	29	that	that	PRON
gujaf-17	50	30	will	will	AUX
gujaf-17	50	31	align	align	VERB
gujaf-17	50	32	the	the	DET
gujaf-17	50	33	interests	interest	NOUN
gujaf-17	50	34	of	of	ADP
gujaf-17	50	35	self	self	NOUN
gujaf-17	50	36	-	-	PUNCT
gujaf-17	50	37	involved	involve	VERB
gujaf-17	50	38	executive	executive	ADJ
gujaf-17	50	39	directors	director	NOUN
gujaf-17	50	40	with	with	ADP
gujaf-17	50	41	those	those	PRON
gujaf-17	50	42	of	of	ADP
gujaf-17	50	43	shareholders	shareholder	NOUN
gujaf-17	50	44	.	.	PUNCT
gujaf-17	51	1	it	it	PRON
gujaf-17	51	2	will	will	AUX
gujaf-17	51	3	also	also	ADV
gujaf-17	51	4	enable	enable	VERB
gujaf-17	51	5	the	the	DET
gujaf-17	51	6	regulatory	regulatory	ADJ
gujaf-17	51	7	authority	authority	NOUN
gujaf-17	51	8	(	(	PUNCT
gujaf-17	51	9	sec	sec	PROPN
gujaf-17	51	10	)	)	PUNCT
gujaf-17	51	11	to	to	PART
gujaf-17	51	12	examine	examine	VERB
gujaf-17	51	13	whether	whether	SCONJ
gujaf-17	51	14	corporate	corporate	ADJ
gujaf-17	51	15	firms	firm	NOUN
gujaf-17	51	16	are	be	AUX
gujaf-17	51	17	implementing	implement	VERB
gujaf-17	51	18	the	the	DET
gujaf-17	51	19	disclosure	disclosure	NOUN
gujaf-17	51	20	requirement	requirement	NOUN
gujaf-17	51	21	of	of	ADP
gujaf-17	51	22	executive	executive	ADJ
gujaf-17	51	23	officers	officer	NOUN
gujaf-17	51	24	’	’	PART
gujaf-17	51	25	full	full	ADJ
gujaf-17	51	26	remuneration	remuneration	NOUN
gujaf-17	51	27	.	.	PUNCT
gujaf-17	52	1	finally	finally	ADV
gujaf-17	52	2	,	,	PUNCT
gujaf-17	52	3	in	in	ADP
gujaf-17	52	4	line	line	NOUN
gujaf-17	52	5	with	with	ADP
gujaf-17	52	6	the	the	DET
gujaf-17	52	7	finally	finally	ADV
gujaf-17	52	8	,	,	PUNCT
gujaf-17	52	9	in	in	ADP
gujaf-17	52	10	keeping	keep	VERB
gujaf-17	52	11	with	with	ADP
gujaf-17	52	12	the	the	DET
gujaf-17	52	13	findings	finding	NOUN
gujaf-17	52	14	of	of	ADP
gujaf-17	52	15	preceding	precede	VERB
gujaf-17	52	16	research	research	NOUN
gujaf-17	52	17	,	,	PUNCT
gujaf-17	52	18	findings	finding	NOUN
gujaf-17	52	19	of	of	ADP
gujaf-17	52	20	this	this	DET
gujaf-17	52	21	studies	study	NOUN
gujaf-17	52	22	work	work	NOUN
gujaf-17	52	23	will	will	AUX
gujaf-17	52	24	certainly	certainly	ADV
gujaf-17	52	25	add	add	VERB
gujaf-17	52	26	to	to	ADP
gujaf-17	52	27	the	the	DET
gujaf-17	52	28	growing	grow	VERB
gujaf-17	52	29	frame	frame	NOUN
gujaf-17	52	30	of	of	ADP
gujaf-17	52	31	know	know	NOUN
gujaf-17	52	32	-	-	PUNCT
gujaf-17	52	33	how	how	SCONJ
gujaf-17	52	34	and	and	CCONJ
gujaf-17	52	35	constitutes	constitute	VERB
gujaf-17	52	36	basically	basically	ADV
gujaf-17	52	37	the	the	DET
gujaf-17	52	38	contribution	contribution	NOUN
gujaf-17	52	39	of	of	ADP
gujaf-17	52	40	the	the	DET
gujaf-17	52	41	studies	study	NOUN
gujaf-17	52	42	.	.	PUNCT
gujaf-17	53	1	the	the	DET
gujaf-17	53	2	remaining	remain	VERB
gujaf-17	53	3	part	part	NOUN
gujaf-17	53	4	of	of	ADP
gujaf-17	53	5	this	this	DET
gujaf-17	53	6	study	study	NOUN
gujaf-17	53	7	is	be	AUX
gujaf-17	53	8	prepared	prepare	VERB
gujaf-17	53	9	as	as	SCONJ
gujaf-17	53	10	follows	follow	VERB
gujaf-17	53	11	:	:	PUNCT
gujaf-17	53	12	section	section	NOUN
gujaf-17	53	13	two	two	NUM
gujaf-17	53	14	provides	provide	VERB
gujaf-17	53	15	the	the	DET
gujaf-17	53	16	overview	overview	NOUN
gujaf-17	53	17	of	of	ADP
gujaf-17	53	18	the	the	DET
gujaf-17	53	19	relevant	relevant	ADJ
gujaf-17	53	20	literature	literature	NOUN
gujaf-17	53	21	concerning	concern	VERB
gujaf-17	53	22	the	the	DET
gujaf-17	53	23	subject	subject	ADJ
gujaf-17	53	24	matter	matter	NOUN
gujaf-17	53	25	and	and	CCONJ
gujaf-17	53	26	the	the	DET
gujaf-17	53	27	theoretical	theoretical	ADJ
gujaf-17	53	28	framework	framework	NOUN
gujaf-17	53	29	.	.	PUNCT
gujaf-17	54	1	section	section	NOUN
gujaf-17	54	2	three	three	NUM
gujaf-17	54	3	dealt	deal	VERB
gujaf-17	54	4	with	with	ADP
gujaf-17	54	5	the	the	DET
gujaf-17	54	6	methodology	methodology	NOUN
gujaf-17	54	7	adopted	adopt	VERB
gujaf-17	54	8	for	for	ADP
gujaf-17	54	9	the	the	DET
gujaf-17	54	10	purpose	purpose	NOUN
gujaf-17	54	11	of	of	ADP
gujaf-17	54	12	this	this	DET
gujaf-17	54	13	study	study	NOUN
gujaf-17	54	14	.	.	PUNCT
gujaf-17	55	1	section	section	NOUN
gujaf-17	55	2	four	four	NUM
gujaf-17	55	3	centered	center	VERB
gujaf-17	55	4	on	on	ADP
gujaf-17	55	5	the	the	DET
gujaf-17	55	6	discussion	discussion	NOUN
gujaf-17	55	7	of	of	ADP
gujaf-17	55	8	the	the	DET
gujaf-17	55	9	results	result	NOUN
gujaf-17	55	10	.	.	PUNCT
gujaf-17	56	1	while	while	SCONJ
gujaf-17	56	2	conclusion	conclusion	NOUN
gujaf-17	56	3	and	and	CCONJ
gujaf-17	56	4	recommendations	recommendation	NOUN
gujaf-17	56	5	are	be	AUX
gujaf-17	56	6	presented	present	VERB
gujaf-17	56	7	in	in	ADP
gujaf-17	56	8	section	section	NOUN
gujaf-17	56	9	five	five	NUM
gujaf-17	56	10	.	.	PUNCT
gujaf-17	57	1	gujaf	gujaf	NOUN
gujaf-17	57	2	:	:	PUNCT
gujaf-17	57	3	gusau	gusau	PROPN
gujaf-17	57	4	journal	journal	NOUN
gujaf-17	57	5	of	of	ADP
gujaf-17	57	6	accounting	accounting	NOUN
gujaf-17	57	7	and	and	CCONJ
gujaf-17	57	8	finance	finance	NOUN
gujaf-17	57	9	,	,	PUNCT
gujaf-17	57	10	vol	vol	NOUN
gujaf-17	57	11	.	.	PUNCT
gujaf-17	58	1	i	i	PRON
gujaf-17	58	2	,	,	PUNCT
gujaf-17	58	3	issue	issue	NOUN
gujaf-17	58	4	1	1	NUM
gujaf-17	58	5	,	,	PUNCT
gujaf-17	58	6	april	april	PROPN
gujaf-17	58	7	,	,	PUNCT
gujaf-17	58	8	2020	2020	NUM
gujaf-17	58	9	issn	issn	VERB
gujaf-17	58	10	2756	2756	NUM
gujaf-17	58	11	-	-	PUNCT
gujaf-17	58	12	665x	665x	NOUN
gujaf-17	58	13	5	5	NUM
gujaf-17	58	14	2	2	NUM
gujaf-17	58	15	.	.	PUNCT
gujaf-17	58	16	theory	theory	NOUN
gujaf-17	58	17	and	and	CCONJ
gujaf-17	58	18	practice	practice	NOUN
gujaf-17	58	19	firm	firm	ADJ
gujaf-17	58	20	financial	financial	ADJ
gujaf-17	58	21	performance	performance	NOUN
gujaf-17	58	22	and	and	CCONJ
gujaf-17	58	23	executive	executive	NOUN
gujaf-17	58	24	compensation	compensation	NOUN
gujaf-17	58	25	early	early	ADV
gujaf-17	58	26	empirical	empirical	ADJ
gujaf-17	58	27	study	study	NOUN
gujaf-17	58	28	on	on	ADP
gujaf-17	58	29	top	top	ADJ
gujaf-17	58	30	executive	executive	ADJ
gujaf-17	58	31	pay	pay	NOUN
gujaf-17	58	32	and	and	CCONJ
gujaf-17	58	33	performances	performance	NOUN
gujaf-17	58	34	is	be	AUX
gujaf-17	58	35	credited	credit	VERB
gujaf-17	58	36	to	to	PART
gujaf-17	58	37	lewellen	lewellen	VERB
gujaf-17	58	38	&	&	CCONJ
gujaf-17	58	39	hunstaim	hunstaim	PROPN
gujaf-17	58	40	(	(	PUNCT
gujaf-17	58	41	1970	1970	NUM
gujaf-17	58	42	)	)	PUNCT
gujaf-17	58	43	.	.	PUNCT
gujaf-17	59	1	their	their	PRON
gujaf-17	59	2	work	work	NOUN
gujaf-17	59	3	found	find	VERB
gujaf-17	59	4	a	a	DET
gujaf-17	59	5	high	high	ADJ
gujaf-17	59	6	level	level	NOUN
gujaf-17	59	7	of	of	ADP
gujaf-17	59	8	direct	direct	ADJ
gujaf-17	59	9	relationship	relationship	NOUN
gujaf-17	59	10	between	between	ADP
gujaf-17	59	11	executive	executive	NOUN
gujaf-17	59	12	compensation	compensation	NOUN
gujaf-17	59	13	and	and	CCONJ
gujaf-17	59	14	profits	profit	NOUN
gujaf-17	59	15	as	as	ADV
gujaf-17	59	16	well	well	ADV
gujaf-17	59	17	as	as	ADP
gujaf-17	59	18	stock	stock	NOUN
gujaf-17	59	19	value	value	NOUN
gujaf-17	59	20	of	of	ADP
gujaf-17	59	21	firms	firm	NOUN
gujaf-17	59	22	.	.	PUNCT
gujaf-17	60	1	the	the	DET
gujaf-17	60	2	key	key	ADJ
gujaf-17	60	3	pitfall	pitfall	NOUN
gujaf-17	60	4	of	of	ADP
gujaf-17	60	5	this	this	DET
gujaf-17	60	6	study	study	NOUN
gujaf-17	60	7	lies	lie	VERB
gujaf-17	60	8	in	in	ADP
gujaf-17	60	9	the	the	DET
gujaf-17	60	10	fact	fact	NOUN
gujaf-17	60	11	that	that	SCONJ
gujaf-17	60	12	the	the	DET
gujaf-17	60	13	study	study	NOUN
gujaf-17	60	14	focused	focus	VERB
gujaf-17	60	15	on	on	ADP
gujaf-17	60	16	profitability	profitability	NOUN
gujaf-17	60	17	as	as	ADP
gujaf-17	60	18	against	against	ADP
gujaf-17	60	19	other	other	ADJ
gujaf-17	60	20	performance	performance	NOUN
gujaf-17	60	21	parameters	parameter	NOUN
gujaf-17	60	22	.	.	PUNCT
gujaf-17	61	1	jensen	jensen	PROPN
gujaf-17	61	2	&	&	CCONJ
gujaf-17	61	3	murphy	murphy	PROPN
gujaf-17	61	4	(	(	PUNCT
gujaf-17	61	5	1990	1990	NUM
gujaf-17	61	6	)	)	PUNCT
gujaf-17	61	7	explored	explore	VERB
gujaf-17	61	8	ceo	ceo	NOUN
gujaf-17	61	9	compensation	compensation	NOUN
gujaf-17	61	10	and	and	CCONJ
gujaf-17	61	11	company	company	NOUN
gujaf-17	61	12	overall	overall	ADJ
gujaf-17	61	13	performance	performance	NOUN
gujaf-17	61	14	for	for	ADP
gujaf-17	61	15	a	a	DET
gujaf-17	61	16	duration	duration	NOUN
gujaf-17	61	17	of	of	ADP
gujaf-17	61	18	thirteen	thirteen	NUM
gujaf-17	61	19	years	year	NOUN
gujaf-17	61	20	ranging	range	VERB
gujaf-17	61	21	from	from	ADP
gujaf-17	61	22	1974	1974	NUM
gujaf-17	61	23	–	–	PUNCT
gujaf-17	61	24	1986	1986	NUM
gujaf-17	61	25	.	.	PUNCT
gujaf-17	62	1	1295	1295	NUM
gujaf-17	62	2	us	us	PROPN
gujaf-17	62	3	firms	firm	NOUN
gujaf-17	62	4	were	be	AUX
gujaf-17	62	5	taken	take	VERB
gujaf-17	62	6	into	into	ADP
gujaf-17	62	7	consideration	consideration	NOUN
gujaf-17	62	8	over	over	ADP
gujaf-17	62	9	the	the	DET
gujaf-17	62	10	length	length	NOUN
gujaf-17	62	11	of	of	ADP
gujaf-17	62	12	the	the	DET
gujaf-17	62	13	study	study	NOUN
gujaf-17	62	14	.	.	PUNCT
gujaf-17	63	1	the	the	DET
gujaf-17	63	2	study	study	NOUN
gujaf-17	63	3	utilized	utilize	VERB
gujaf-17	63	4	an	an	DET
gujaf-17	63	5	all	all	ADV
gujaf-17	63	6	-	-	PUNCT
gujaf-17	63	7	inclusive	inclusive	ADJ
gujaf-17	63	8	estimate	estimate	NOUN
gujaf-17	63	9	of	of	ADP
gujaf-17	63	10	the	the	DET
gujaf-17	63	11	pay	pay	NOUN
gujaf-17	63	12	for	for	ADP
gujaf-17	63	13	overall	overall	ADJ
gujaf-17	63	14	performance	performance	NOUN
gujaf-17	63	15	sensitivity	sensitivity	NOUN
gujaf-17	63	16	(	(	PUNCT
gujaf-17	63	17	pps	pps	NOUN
gujaf-17	63	18	)	)	PUNCT
gujaf-17	63	19	,	,	PUNCT
gujaf-17	63	20	and	and	CCONJ
gujaf-17	63	21	also	also	ADV
gujaf-17	63	22	took	take	VERB
gujaf-17	63	23	into	into	ADP
gujaf-17	63	24	consideration	consideration	NOUN
gujaf-17	63	25	;	;	PUNCT
gujaf-17	63	26	compensation	compensation	NOUN
gujaf-17	63	27	,	,	PUNCT
gujaf-17	63	28	dismissal	dismissal	NOUN
gujaf-17	63	29	and	and	CCONJ
gujaf-17	63	30	stockholdings	stockholding	NOUN
gujaf-17	63	31	.	.	PUNCT
gujaf-17	64	1	they	they	PRON
gujaf-17	64	2	used	use	VERB
gujaf-17	64	3	the	the	DET
gujaf-17	64	4	pps	pps	NOUN
gujaf-17	64	5	to	to	PART
gujaf-17	64	6	measure	measure	VERB
gujaf-17	64	7	the	the	DET
gujaf-17	64	8	effect	effect	NOUN
gujaf-17	64	9	of	of	ADP
gujaf-17	64	10	total	total	ADJ
gujaf-17	64	11	compensation	compensation	NOUN
gujaf-17	64	12	which	which	PRON
gujaf-17	64	13	represents	represent	VERB
gujaf-17	64	14	the	the	DET
gujaf-17	64	15	proportion	proportion	NOUN
gujaf-17	64	16	of	of	ADP
gujaf-17	64	17	the	the	DET
gujaf-17	64	18	share	share	NOUN
gujaf-17	64	19	of	of	ADP
gujaf-17	64	20	the	the	DET
gujaf-17	64	21	ceo	ceo	NOUN
gujaf-17	64	22	in	in	ADP
gujaf-17	64	23	wealth	wealth	NOUN
gujaf-17	64	24	creation	creation	NOUN
gujaf-17	64	25	.	.	PUNCT
gujaf-17	65	1	their	their	PRON
gujaf-17	65	2	findings	finding	NOUN
gujaf-17	65	3	discovered	discover	VERB
gujaf-17	65	4	that	that	SCONJ
gujaf-17	65	5	,	,	PUNCT
gujaf-17	65	6	the	the	DET
gujaf-17	65	7	relationship	relationship	NOUN
gujaf-17	65	8	between	between	ADP
gujaf-17	65	9	pay	pay	NOUN
gujaf-17	65	10	and	and	CCONJ
gujaf-17	65	11	performance	performance	NOUN
gujaf-17	65	12	is	be	AUX
gujaf-17	65	13	not	not	PART
gujaf-17	65	14	significant	significant	ADJ
gujaf-17	65	15	.	.	PUNCT
gujaf-17	66	1	the	the	DET
gujaf-17	66	2	study	study	NOUN
gujaf-17	66	3	found	find	VERB
gujaf-17	66	4	firm	firm	ADJ
gujaf-17	66	5	length	length	NOUN
gujaf-17	66	6	to	to	PART
gujaf-17	66	7	be	be	AUX
gujaf-17	66	8	an	an	DET
gujaf-17	66	9	important	important	ADJ
gujaf-17	66	10	determinant	determinant	NOUN
gujaf-17	66	11	of	of	ADP
gujaf-17	66	12	the	the	DET
gujaf-17	66	13	pps	pps	NOUN
gujaf-17	66	14	.	.	PUNCT
gujaf-17	67	1	the	the	DET
gujaf-17	67	2	study	study	NOUN
gujaf-17	67	3	indicated	indicate	VERB
gujaf-17	67	4	that	that	SCONJ
gujaf-17	67	5	ceos	ceos	NOUN
gujaf-17	67	6	in	in	ADP
gujaf-17	67	7	small	small	ADJ
gujaf-17	67	8	companies	company	NOUN
gujaf-17	67	9	tend	tend	VERB
gujaf-17	67	10	to	to	PART
gujaf-17	67	11	acquire	acquire	VERB
gujaf-17	67	12	more	more	ADJ
gujaf-17	67	13	stock	stock	NOUN
gujaf-17	67	14	and	and	CCONJ
gujaf-17	67	15	have	have	VERB
gujaf-17	67	16	more	more	ADJ
gujaf-17	67	17	compensation	compensation	NOUN
gujaf-17	67	18	based	base	VERB
gujaf-17	67	19	incentives	incentive	NOUN
gujaf-17	67	20	,	,	PUNCT
gujaf-17	67	21	which	which	PRON
gujaf-17	67	22	will	will	AUX
gujaf-17	67	23	result	result	VERB
gujaf-17	67	24	to	to	ADP
gujaf-17	67	25	high	high	ADJ
gujaf-17	67	26	pps	pps	PROPN
gujaf-17	67	27	.	.	PUNCT
gujaf-17	68	1	they	they	PRON
gujaf-17	68	2	concluded	conclude	VERB
gujaf-17	68	3	that	that	SCONJ
gujaf-17	68	4	the	the	DET
gujaf-17	68	5	discoveries	discovery	NOUN
gujaf-17	68	6	are	be	AUX
gujaf-17	68	7	at	at	ADP
gujaf-17	68	8	variance	variance	NOUN
gujaf-17	68	9	with	with	ADP
gujaf-17	68	10	agency	agency	NOUN
gujaf-17	68	11	theory	theory	NOUN
gujaf-17	68	12	and	and	CCONJ
gujaf-17	68	13	optimal	optimal	ADJ
gujaf-17	68	14	contracting	contracting	NOUN
gujaf-17	68	15	.	.	PUNCT
gujaf-17	69	1	even	even	ADV
gujaf-17	69	2	though	though	SCONJ
gujaf-17	69	3	a	a	DET
gujaf-17	69	4	direct	direct	ADJ
gujaf-17	69	5	relationship	relationship	NOUN
gujaf-17	69	6	between	between	ADP
gujaf-17	69	7	ceo	ceo	NOUN
gujaf-17	69	8	pay	pay	NOUN
gujaf-17	69	9	and	and	CCONJ
gujaf-17	69	10	firm	firm	ADJ
gujaf-17	69	11	overall	overall	ADJ
gujaf-17	69	12	performance	performance	NOUN
gujaf-17	69	13	exists	exist	VERB
gujaf-17	69	14	,	,	PUNCT
gujaf-17	69	15	the	the	DET
gujaf-17	69	16	relationship	relationship	NOUN
gujaf-17	69	17	is	be	AUX
gujaf-17	69	18	not	not	PART
gujaf-17	69	19	significant	significant	ADJ
gujaf-17	69	20	to	to	PART
gujaf-17	69	21	play	play	VERB
gujaf-17	69	22	an	an	DET
gujaf-17	69	23	important	important	ADJ
gujaf-17	69	24	role	role	NOUN
gujaf-17	69	25	as	as	ADP
gujaf-17	69	26	a	a	DET
gujaf-17	69	27	solution	solution	NOUN
gujaf-17	69	28	to	to	ADP
gujaf-17	69	29	the	the	DET
gujaf-17	69	30	agency	agency	NOUN
gujaf-17	69	31	problem	problem	NOUN
gujaf-17	69	32	.	.	PUNCT
gujaf-17	70	1	in	in	ADP
gujaf-17	70	2	a	a	DET
gujaf-17	70	3	cross	cross	ADJ
gujaf-17	70	4	sectional	sectional	ADJ
gujaf-17	70	5	study	study	NOUN
gujaf-17	70	6	,	,	PUNCT
gujaf-17	70	7	ruge	ruge	NOUN
gujaf-17	70	8	-	-	PUNCT
gujaf-17	70	9	murcia	murcia	PROPN
gujaf-17	70	10	(	(	PUNCT
gujaf-17	70	11	2005	2005	NUM
gujaf-17	70	12	)	)	PUNCT
gujaf-17	70	13	investigated	investigate	VERB
gujaf-17	70	14	the	the	DET
gujaf-17	70	15	effect	effect	NOUN
gujaf-17	70	16	of	of	ADP
gujaf-17	70	17	ceo	ceo	NOUN
gujaf-17	70	18	cash	cash	NOUN
gujaf-17	70	19	compensation	compensation	NOUN
gujaf-17	70	20	and	and	CCONJ
gujaf-17	70	21	total	total	ADJ
gujaf-17	70	22	compensation	compensation	NOUN
gujaf-17	70	23	against	against	ADP
gujaf-17	70	24	distinctive	distinctive	ADJ
gujaf-17	70	25	performance	performance	NOUN
gujaf-17	70	26	measures	measure	NOUN
gujaf-17	70	27	(	(	PUNCT
gujaf-17	70	28	i.e.	i.e.	X
gujaf-17	70	29	earnings	earning	NOUN
gujaf-17	70	30	per	per	ADP
gujaf-17	70	31	share	share	NOUN
gujaf-17	70	32	,	,	PUNCT
gujaf-17	70	33	return	return	VERB
gujaf-17	70	34	on	on	ADP
gujaf-17	70	35	equity	equity	NOUN
gujaf-17	70	36	,	,	PUNCT
gujaf-17	70	37	return	return	VERB
gujaf-17	70	38	on	on	ADP
gujaf-17	70	39	assets	asset	NOUN
gujaf-17	70	40	,	,	PUNCT
gujaf-17	70	41	and	and	CCONJ
gujaf-17	70	42	net	net	ADJ
gujaf-17	70	43	profit	profit	NOUN
gujaf-17	70	44	margin	margin	NOUN
gujaf-17	70	45	)	)	PUNCT
gujaf-17	70	46	,	,	PUNCT
gujaf-17	70	47	in	in	ADP
gujaf-17	70	48	a	a	DET
gujaf-17	70	49	collection	collection	NOUN
gujaf-17	70	50	of	of	ADP
gujaf-17	70	51	listed	list	VERB
gujaf-17	70	52	168	168	NUM
gujaf-17	70	53	canadian	canadian	ADJ
gujaf-17	70	54	companies	company	NOUN
gujaf-17	70	55	in	in	ADP
gujaf-17	70	56	the	the	DET
gujaf-17	70	57	course	course	NOUN
gujaf-17	70	58	of	of	ADP
gujaf-17	70	59	2003	2003	NUM
gujaf-17	70	60	.	.	PUNCT
gujaf-17	71	1	the	the	DET
gujaf-17	71	2	results	result	NOUN
gujaf-17	71	3	of	of	ADP
gujaf-17	71	4	the	the	DET
gujaf-17	71	5	study	study	NOUN
gujaf-17	71	6	showed	show	VERB
gujaf-17	71	7	that	that	SCONJ
gujaf-17	71	8	eps	eps	PROPN
gujaf-17	71	9	,	,	PUNCT
gujaf-17	71	10	roe	roe	PROPN
gujaf-17	71	11	,	,	PUNCT
gujaf-17	71	12	roa	roa	PROPN
gujaf-17	71	13	and	and	CCONJ
gujaf-17	71	14	npm	npm	PROPN
gujaf-17	71	15	were	be	AUX
gujaf-17	71	16	all	all	ADV
gujaf-17	71	17	positive	positive	ADJ
gujaf-17	71	18	and	and	CCONJ
gujaf-17	71	19	statistically	statistically	ADV
gujaf-17	71	20	related	relate	VERB
gujaf-17	71	21	to	to	ADP
gujaf-17	71	22	ceo	ceo	NOUN
gujaf-17	71	23	compensation	compensation	NOUN
gujaf-17	71	24	,	,	PUNCT
gujaf-17	71	25	at	at	ADP
gujaf-17	71	26	various	various	ADJ
gujaf-17	71	27	levels	level	NOUN
gujaf-17	71	28	of	of	ADP
gujaf-17	71	29	significance	significance	NOUN
gujaf-17	71	30	.	.	PUNCT
gujaf-17	72	1	the	the	DET
gujaf-17	72	2	major	major	ADJ
gujaf-17	72	3	setback	setback	NOUN
gujaf-17	72	4	with	with	ADP
gujaf-17	72	5	this	this	DET
gujaf-17	72	6	cross	cross	NOUN
gujaf-17	72	7	sectional	sectional	ADJ
gujaf-17	72	8	study	study	NOUN
gujaf-17	72	9	is	be	AUX
gujaf-17	72	10	the	the	DET
gujaf-17	72	11	exclusion	exclusion	NOUN
gujaf-17	72	12	of	of	ADP
gujaf-17	72	13	time	time	NOUN
gujaf-17	72	14	period	period	NOUN
gujaf-17	72	15	(	(	PUNCT
gujaf-17	72	16	panel	panel	NOUN
gujaf-17	72	17	data	data	PROPN
gujaf-17	72	18	)	)	PUNCT
gujaf-17	72	19	that	that	PRON
gujaf-17	72	20	could	could	AUX
gujaf-17	72	21	have	have	AUX
gujaf-17	72	22	enabled	enable	VERB
gujaf-17	72	23	the	the	DET
gujaf-17	72	24	researcher	researcher	NOUN
gujaf-17	72	25	in	in	ADP
gujaf-17	72	26	observing	observe	VERB
gujaf-17	72	27	changes	change	NOUN
gujaf-17	72	28	in	in	ADP
gujaf-17	72	29	level	level	NOUN
gujaf-17	72	30	of	of	ADP
gujaf-17	72	31	executive	executive	ADJ
gujaf-17	72	32	compensation	compensation	NOUN
gujaf-17	72	33	in	in	ADP
gujaf-17	72	34	line	line	NOUN
gujaf-17	72	35	with	with	ADP
gujaf-17	72	36	the	the	DET
gujaf-17	72	37	performance	performance	NOUN
gujaf-17	72	38	measures	measure	NOUN
gujaf-17	72	39	.	.	PUNCT
gujaf-17	73	1	gujaf	gujaf	NOUN
gujaf-17	73	2	:	:	PUNCT
gujaf-17	73	3	gusau	gusau	PROPN
gujaf-17	73	4	journal	journal	NOUN
gujaf-17	73	5	of	of	ADP
gujaf-17	73	6	accounting	accounting	NOUN
gujaf-17	73	7	and	and	CCONJ
gujaf-17	73	8	finance	finance	NOUN
gujaf-17	73	9	,	,	PUNCT
gujaf-17	73	10	vol	vol	NOUN
gujaf-17	73	11	.	.	PUNCT
gujaf-17	74	1	i	i	PRON
gujaf-17	74	2	,	,	PUNCT
gujaf-17	74	3	issue	issue	NOUN
gujaf-17	74	4	1	1	NUM
gujaf-17	74	5	,	,	PUNCT
gujaf-17	74	6	april	april	PROPN
gujaf-17	74	7	,	,	PUNCT
gujaf-17	74	8	2020	2020	NUM
gujaf-17	74	9	issn	issn	VERB
gujaf-17	74	10	2756	2756	NUM
gujaf-17	74	11	-	-	PUNCT
gujaf-17	74	12	665x	665x	NOUN
gujaf-17	74	13	6	6	NUM
gujaf-17	74	14	hojen	hojen	NOUN
gujaf-17	74	15	(	(	PUNCT
gujaf-17	74	16	2007	2007	NUM
gujaf-17	74	17	)	)	PUNCT
gujaf-17	74	18	moved	move	VERB
gujaf-17	74	19	away	away	ADV
gujaf-17	74	20	from	from	ADP
gujaf-17	74	21	using	use	VERB
gujaf-17	74	22	salary	salary	NOUN
gujaf-17	74	23	or	or	CCONJ
gujaf-17	74	24	cash	cash	NOUN
gujaf-17	74	25	compensation	compensation	NOUN
gujaf-17	74	26	or	or	CCONJ
gujaf-17	74	27	total	total	ADJ
gujaf-17	74	28	compensation	compensation	NOUN
gujaf-17	74	29	in	in	ADP
gujaf-17	74	30	measuring	measure	VERB
gujaf-17	74	31	executive	executive	ADJ
gujaf-17	74	32	compensation	compensation	NOUN
gujaf-17	74	33	,	,	PUNCT
gujaf-17	74	34	but	but	CCONJ
gujaf-17	74	35	based	base	VERB
gujaf-17	74	36	this	this	DET
gujaf-17	74	37	study	study	NOUN
gujaf-17	74	38	on	on	ADP
gujaf-17	74	39	equity	equity	NOUN
gujaf-17	74	40	-	-	PUNCT
gujaf-17	74	41	based	base	VERB
gujaf-17	74	42	compensation	compensation	NOUN
gujaf-17	74	43	and	and	CCONJ
gujaf-17	74	44	firm	firm	ADJ
gujaf-17	74	45	performance	performance	NOUN
gujaf-17	74	46	,	,	PUNCT
gujaf-17	74	47	within	within	ADP
gujaf-17	74	48	1998	1998	NUM
gujaf-17	74	49	-	-	SYM
gujaf-17	74	50	2006	2006	NUM
gujaf-17	74	51	for	for	ADP
gujaf-17	74	52	the	the	DET
gujaf-17	74	53	sample	sample	NOUN
gujaf-17	74	54	of	of	ADP
gujaf-17	74	55	listed	list	VERB
gujaf-17	74	56	danish	danish	ADJ
gujaf-17	74	57	companies	company	NOUN
gujaf-17	74	58	.	.	PUNCT
gujaf-17	75	1	return	return	VERB
gujaf-17	75	2	on	on	ADP
gujaf-17	75	3	assets	asset	NOUN
gujaf-17	75	4	(	(	PUNCT
gujaf-17	75	5	roa	roa	NOUN
gujaf-17	75	6	)	)	PUNCT
gujaf-17	75	7	,	,	PUNCT
gujaf-17	75	8	return	return	VERB
gujaf-17	75	9	on	on	ADP
gujaf-17	75	10	equity	equity	NOUN
gujaf-17	75	11	(	(	PUNCT
gujaf-17	75	12	roe	roe	PROPN
gujaf-17	75	13	)	)	PUNCT
gujaf-17	75	14	and	and	CCONJ
gujaf-17	75	15	tobin	tobin	PROPN
gujaf-17	75	16	’s	’s	PART
gujaf-17	75	17	q	q	NOUN
gujaf-17	75	18	were	be	AUX
gujaf-17	75	19	applied	apply	VERB
gujaf-17	75	20	in	in	ADP
gujaf-17	75	21	measuring	measure	VERB
gujaf-17	75	22	performance	performance	NOUN
gujaf-17	75	23	,	,	PUNCT
gujaf-17	75	24	while	while	SCONJ
gujaf-17	75	25	stock	stock	NOUN
gujaf-17	75	26	options	option	NOUN
gujaf-17	75	27	,	,	PUNCT
gujaf-17	75	28	warrants	warrant	NOUN
gujaf-17	75	29	and	and	CCONJ
gujaf-17	75	30	employee	employee	NOUN
gujaf-17	75	31	shares	share	NOUN
gujaf-17	75	32	were	be	AUX
gujaf-17	75	33	used	use	VERB
gujaf-17	75	34	for	for	ADP
gujaf-17	75	35	equity	equity	NOUN
gujaf-17	75	36	-	-	PUNCT
gujaf-17	75	37	based	base	VERB
gujaf-17	75	38	compensation	compensation	NOUN
gujaf-17	75	39	.	.	PUNCT
gujaf-17	76	1	the	the	DET
gujaf-17	76	2	empirical	empirical	ADJ
gujaf-17	76	3	investigation	investigation	NOUN
gujaf-17	76	4	of	of	ADP
gujaf-17	76	5	roa	roa	PROPN
gujaf-17	76	6	,	,	PUNCT
gujaf-17	76	7	roe	roe	PROPN
gujaf-17	76	8	and	and	CCONJ
gujaf-17	76	9	tobin	tobin	PROPN
gujaf-17	76	10	’s	’s	PART
gujaf-17	76	11	q	q	NOUN
gujaf-17	76	12	as	as	ADP
gujaf-17	76	13	overall	overall	ADJ
gujaf-17	76	14	performance	performance	NOUN
gujaf-17	76	15	proxies	proxy	NOUN
gujaf-17	76	16	,	,	PUNCT
gujaf-17	76	17	showed	show	VERB
gujaf-17	76	18	that	that	SCONJ
gujaf-17	76	19	there	there	PRON
gujaf-17	76	20	are	be	VERB
gujaf-17	76	21	no	no	DET
gujaf-17	76	22	significant	significant	ADJ
gujaf-17	76	23	effects	effect	NOUN
gujaf-17	76	24	from	from	ADP
gujaf-17	76	25	compensation	compensation	NOUN
gujaf-17	76	26	program	program	NOUN
gujaf-17	76	27	adoption	adoption	NOUN
gujaf-17	76	28	on	on	ADP
gujaf-17	76	29	an	an	DET
gujaf-17	76	30	entity	entity	NOUN
gujaf-17	76	31	operational	operational	ADJ
gujaf-17	76	32	performance	performance	NOUN
gujaf-17	76	33	,	,	PUNCT
gujaf-17	76	34	when	when	SCONJ
gujaf-17	76	35	comparing	compare	VERB
gujaf-17	76	36	pre	pre	ADJ
gujaf-17	76	37	-	-	ADJ
gujaf-17	76	38	adoption	adoption	ADJ
gujaf-17	76	39	performance	performance	NOUN
gujaf-17	76	40	with	with	ADP
gujaf-17	76	41	post	post	ADJ
gujaf-17	76	42	-	-	ADJ
gujaf-17	76	43	adoption	adoption	ADJ
gujaf-17	76	44	performance	performance	NOUN
gujaf-17	76	45	for	for	ADP
gujaf-17	76	46	the	the	DET
gujaf-17	76	47	sample	sample	NOUN
gujaf-17	76	48	of	of	ADP
gujaf-17	76	49	listed	list	VERB
gujaf-17	76	50	danish	danish	ADJ
gujaf-17	76	51	companies	company	NOUN
gujaf-17	76	52	.	.	PUNCT
gujaf-17	77	1	by	by	ADP
gujaf-17	77	2	differentiating	differentiate	VERB
gujaf-17	77	3	the	the	DET
gujaf-17	77	4	time	time	NOUN
gujaf-17	77	5	period	period	NOUN
gujaf-17	77	6	for	for	ADP
gujaf-17	77	7	measuring	measure	VERB
gujaf-17	77	8	performance	performance	NOUN
gujaf-17	77	9	proxies	proxy	NOUN
gujaf-17	77	10	from	from	ADP
gujaf-17	77	11	security	security	NOUN
gujaf-17	77	12	price	price	NOUN
gujaf-17	77	13	analysis	analysis	NOUN
gujaf-17	77	14	and	and	CCONJ
gujaf-17	77	15	reporting	reporting	NOUN
gujaf-17	77	16	of	of	ADP
gujaf-17	77	17	the	the	DET
gujaf-17	77	18	findings	finding	NOUN
gujaf-17	77	19	as	as	ADP
gujaf-17	77	20	a	a	DET
gujaf-17	77	21	whole	whole	NOUN
gujaf-17	77	22	could	could	AUX
gujaf-17	77	23	be	be	AUX
gujaf-17	77	24	deceptive	deceptive	ADJ
gujaf-17	77	25	but	but	CCONJ
gujaf-17	77	26	rather	rather	ADV
gujaf-17	77	27	individual	individual	ADJ
gujaf-17	77	28	model	model	NOUN
gujaf-17	77	29	should	should	AUX
gujaf-17	77	30	be	be	AUX
gujaf-17	77	31	formulated	formulate	VERB
gujaf-17	77	32	and	and	CCONJ
gujaf-17	77	33	tested	test	VERB
gujaf-17	77	34	.	.	PUNCT
gujaf-17	78	1	duffhues	duffhues	PROPN
gujaf-17	78	2	&	&	CCONJ
gujaf-17	78	3	kabir	kabir	PROPN
gujaf-17	78	4	(	(	PUNCT
gujaf-17	78	5	2008	2008	NUM
gujaf-17	78	6	)	)	PUNCT
gujaf-17	78	7	found	find	VERB
gujaf-17	78	8	a	a	DET
gujaf-17	78	9	significant	significant	ADJ
gujaf-17	78	10	negative	negative	ADJ
gujaf-17	78	11	relationship	relationship	NOUN
gujaf-17	78	12	between	between	ADP
gujaf-17	78	13	total	total	ADJ
gujaf-17	78	14	pay	pay	NOUN
gujaf-17	78	15	and	and	CCONJ
gujaf-17	78	16	company	company	NOUN
gujaf-17	78	17	performance	performance	NOUN
gujaf-17	78	18	.	.	PUNCT
gujaf-17	79	1	the	the	DET
gujaf-17	79	2	study	study	NOUN
gujaf-17	79	3	was	be	AUX
gujaf-17	79	4	based	base	VERB
gujaf-17	79	5	on	on	ADP
gujaf-17	79	6	the	the	DET
gujaf-17	79	7	compensation	compensation	NOUN
gujaf-17	79	8	of	of	ADP
gujaf-17	79	9	the	the	DET
gujaf-17	79	10	entire	entire	ADJ
gujaf-17	79	11	board	board	NOUN
gujaf-17	79	12	of	of	ADP
gujaf-17	79	13	directors	director	NOUN
gujaf-17	79	14	that	that	PRON
gujaf-17	79	15	was	be	AUX
gujaf-17	79	16	collected	collect	VERB
gujaf-17	79	17	from	from	ADP
gujaf-17	79	18	135	135	NUM
gujaf-17	79	19	sampled	sample	VERB
gujaf-17	79	20	dutch	dutch	ADJ
gujaf-17	79	21	firms	firm	NOUN
gujaf-17	79	22	during	during	ADP
gujaf-17	79	23	the	the	DET
gujaf-17	79	24	period	period	NOUN
gujaf-17	79	25	1998	1998	NUM
gujaf-17	79	26	-	-	SYM
gujaf-17	79	27	2001	2001	NUM
gujaf-17	79	28	.	.	PUNCT
gujaf-17	80	1	both	both	PRON
gujaf-17	80	2	accounting	accounting	NOUN
gujaf-17	80	3	and	and	CCONJ
gujaf-17	80	4	market	market	NOUN
gujaf-17	80	5	-	-	PUNCT
gujaf-17	80	6	based	base	VERB
gujaf-17	80	7	performance	performance	NOUN
gujaf-17	80	8	measures	measure	NOUN
gujaf-17	80	9	were	be	AUX
gujaf-17	80	10	used	use	VERB
gujaf-17	80	11	(	(	PUNCT
gujaf-17	80	12	roa	roa	PROPN
gujaf-17	80	13	,	,	PUNCT
gujaf-17	80	14	ros	ros	PROPN
gujaf-17	80	15	and	and	CCONJ
gujaf-17	80	16	annual	annual	ADJ
gujaf-17	80	17	stock	stock	NOUN
gujaf-17	80	18	return	return	NOUN
gujaf-17	80	19	)	)	PUNCT
gujaf-17	80	20	,	,	PUNCT
gujaf-17	80	21	while	while	SCONJ
gujaf-17	80	22	executive	executive	ADJ
gujaf-17	80	23	compensation	compensation	NOUN
gujaf-17	80	24	was	be	AUX
gujaf-17	80	25	measured	measure	VERB
gujaf-17	80	26	as	as	ADP
gujaf-17	80	27	cash	cash	NOUN
gujaf-17	80	28	and	and	CCONJ
gujaf-17	80	29	total	total	ADJ
gujaf-17	80	30	compensation	compensation	NOUN
gujaf-17	80	31	.	.	PUNCT
gujaf-17	81	1	a	a	DET
gujaf-17	81	2	lagged	lag	VERB
gujaf-17	81	3	performance	performance	NOUN
gujaf-17	81	4	degree	degree	NOUN
gujaf-17	81	5	was	be	AUX
gujaf-17	81	6	used	use	VERB
gujaf-17	81	7	to	to	PART
gujaf-17	81	8	account	account	VERB
gujaf-17	81	9	for	for	ADP
gujaf-17	81	10	the	the	DET
gujaf-17	81	11	executive	executive	ADJ
gujaf-17	81	12	compensation	compensation	NOUN
gujaf-17	81	13	on	on	ADP
gujaf-17	81	14	the	the	DET
gujaf-17	81	15	premise	premise	NOUN
gujaf-17	81	16	that	that	SCONJ
gujaf-17	81	17	the	the	DET
gujaf-17	81	18	executive	executive	ADJ
gujaf-17	81	19	pay	pay	NOUN
gujaf-17	81	20	in	in	ADP
gujaf-17	81	21	one	one	NUM
gujaf-17	81	22	year	year	NOUN
gujaf-17	81	23	is	be	AUX
gujaf-17	81	24	usually	usually	ADV
gujaf-17	81	25	determined	determine	VERB
gujaf-17	81	26	by	by	ADP
gujaf-17	81	27	previous	previous	ADJ
gujaf-17	81	28	year	year	NOUN
gujaf-17	81	29	’s	’s	PART
gujaf-17	81	30	company	company	NOUN
gujaf-17	81	31	performance	performance	NOUN
gujaf-17	81	32	;	;	PUNCT
gujaf-17	81	33	but	but	CCONJ
gujaf-17	81	34	this	this	PRON
gujaf-17	81	35	may	may	AUX
gujaf-17	81	36	not	not	PART
gujaf-17	81	37	capture	capture	VERB
gujaf-17	81	38	the	the	DET
gujaf-17	81	39	total	total	ADJ
gujaf-17	81	40	performance	performance	NOUN
gujaf-17	81	41	effect	effect	NOUN
gujaf-17	81	42	as	as	SCONJ
gujaf-17	81	43	the	the	DET
gujaf-17	81	44	executive	executive	ADJ
gujaf-17	81	45	directors	director	NOUN
gujaf-17	81	46	are	be	AUX
gujaf-17	81	47	extra	extra	ADV
gujaf-17	81	48	worried	worried	ADJ
gujaf-17	81	49	with	with	ADP
gujaf-17	81	50	lengthy	lengthy	ADJ
gujaf-17	81	51	-	-	PUNCT
gujaf-17	81	52	run	run	NOUN
gujaf-17	81	53	interest	interest	NOUN
gujaf-17	81	54	of	of	ADP
gujaf-17	81	55	concerned	concerned	ADJ
gujaf-17	81	56	company	company	NOUN
gujaf-17	81	57	.	.	PUNCT
gujaf-17	82	1	aduda	aduda	NOUN
gujaf-17	82	2	(	(	PUNCT
gujaf-17	82	3	2011	2011	NUM
gujaf-17	82	4	)	)	PUNCT
gujaf-17	82	5	examined	examine	VERB
gujaf-17	82	6	the	the	DET
gujaf-17	82	7	relationship	relationship	NOUN
gujaf-17	82	8	between	between	ADP
gujaf-17	82	9	executive	executive	NOUN
gujaf-17	82	10	compensation	compensation	NOUN
gujaf-17	82	11	and	and	CCONJ
gujaf-17	82	12	firm	firm	ADJ
gujaf-17	82	13	performance	performance	NOUN
gujaf-17	82	14	on	on	ADP
gujaf-17	82	15	indexed	index	VERB
gujaf-17	82	16	banks	bank	NOUN
gujaf-17	82	17	at	at	ADP
gujaf-17	82	18	the	the	DET
gujaf-17	82	19	nairobi	nairobi	PROPN
gujaf-17	82	20	stock	stock	PROPN
gujaf-17	82	21	exchange	exchange	PROPN
gujaf-17	82	22	.	.	PUNCT
gujaf-17	83	1	the	the	DET
gujaf-17	83	2	study	study	NOUN
gujaf-17	83	3	considered	consider	VERB
gujaf-17	83	4	practical	practical	ADJ
gujaf-17	83	5	form	form	NOUN
gujaf-17	83	6	relationship	relationship	NOUN
gujaf-17	83	7	between	between	ADP
gujaf-17	83	8	the	the	DET
gujaf-17	83	9	level	level	NOUN
gujaf-17	83	10	of	of	ADP
gujaf-17	83	11	executive	executive	ADJ
gujaf-17	83	12	remuneration	remuneration	NOUN
gujaf-17	83	13	and	and	CCONJ
gujaf-17	83	14	accounting	accounting	NOUN
gujaf-17	83	15	performance	performance	NOUN
gujaf-17	83	16	measures	measure	NOUN
gujaf-17	83	17	through	through	ADP
gujaf-17	83	18	using	use	VERB
gujaf-17	83	19	a	a	DET
gujaf-17	83	20	regression	regression	NOUN
gujaf-17	83	21	model	model	NOUN
gujaf-17	83	22	that	that	PRON
gujaf-17	83	23	relates	relate	VERB
gujaf-17	83	24	pay	pay	NOUN
gujaf-17	83	25	and	and	CCONJ
gujaf-17	83	26	performance	performance	NOUN
gujaf-17	83	27	.	.	PUNCT
gujaf-17	84	1	a	a	DET
gujaf-17	84	2	non	non	ADJ
gujaf-17	84	3	-	-	ADJ
gujaf-17	84	4	significant	significant	ADJ
gujaf-17	84	5	indirect	indirect	ADJ
gujaf-17	84	6	relationship	relationship	NOUN
gujaf-17	84	7	was	be	AUX
gujaf-17	84	8	obtained	obtain	VERB
gujaf-17	84	9	between	between	ADP
gujaf-17	84	10	roa	roa	PROPN
gujaf-17	84	11	,	,	PUNCT
gujaf-17	84	12	roe	roe	NOUN
gujaf-17	84	13	in	in	ADP
gujaf-17	84	14	opposition	opposition	NOUN
gujaf-17	84	15	to	to	ADP
gujaf-17	84	16	executive	executive	NOUN
gujaf-17	84	17	compensation	compensation	NOUN
gujaf-17	84	18	and	and	CCONJ
gujaf-17	84	19	that	that	SCONJ
gujaf-17	84	20	accounting	accounting	NOUN
gujaf-17	84	21	measures	measure	NOUN
gujaf-17	84	22	of	of	ADP
gujaf-17	84	23	performance	performance	NOUN
gujaf-17	84	24	are	be	AUX
gujaf-17	84	25	not	not	PART
gujaf-17	84	26	key	key	ADJ
gujaf-17	84	27	considerations	consideration	NOUN
gujaf-17	84	28	in	in	ADP
gujaf-17	84	29	determining	determine	VERB
gujaf-17	84	30	executive	executive	ADJ
gujaf-17	84	31	compensation	compensation	NOUN
gujaf-17	84	32	among	among	ADP
gujaf-17	84	33	the	the	DET
gujaf-17	84	34	banks	bank	NOUN
gujaf-17	84	35	in	in	ADP
gujaf-17	84	36	kenya	kenya	PROPN
gujaf-17	84	37	and	and	CCONJ
gujaf-17	84	38	that	that	DET
gujaf-17	84	39	size	size	NOUN
gujaf-17	84	40	is	be	AUX
gujaf-17	84	41	a	a	DET
gujaf-17	84	42	key	key	ADJ
gujaf-17	84	43	criterion	criterion	NOUN
gujaf-17	84	44	in	in	ADP
gujaf-17	84	45	determining	determine	VERB
gujaf-17	84	46	executive	executive	ADJ
gujaf-17	84	47	compensation	compensation	NOUN
gujaf-17	84	48	because	because	SCONJ
gujaf-17	84	49	it	it	PRON
gujaf-17	84	50	was	be	AUX
gujaf-17	84	51	significantly	significantly	ADV
gujaf-17	84	52	but	but	CCONJ
gujaf-17	84	53	negatively	negatively	ADV
gujaf-17	84	54	related	relate	VERB
gujaf-17	84	55	to	to	ADP
gujaf-17	84	56	compensation	compensation	NOUN
gujaf-17	84	57	.	.	PUNCT
gujaf-17	85	1	the	the	DET
gujaf-17	85	2	negative	negative	ADJ
gujaf-17	85	3	relationship	relationship	NOUN
gujaf-17	85	4	suggested	suggest	VERB
gujaf-17	85	5	the	the	DET
gujaf-17	85	6	capping	capping	NOUN
gujaf-17	85	7	of	of	ADP
gujaf-17	85	8	executive	executive	ADJ
gujaf-17	85	9	compensation	compensation	NOUN
gujaf-17	85	10	to	to	PART
gujaf-17	85	11	ensure	ensure	VERB
gujaf-17	85	12	maximization	maximization	NOUN
gujaf-17	85	13	of	of	ADP
gujaf-17	85	14	returns	return	NOUN
gujaf-17	85	15	to	to	ADP
gujaf-17	85	16	shareholders	shareholder	NOUN
gujaf-17	85	17	.	.	PUNCT
gujaf-17	86	1	gujaf	gujaf	NOUN
gujaf-17	86	2	:	:	PUNCT
gujaf-17	86	3	gusau	gusau	PROPN
gujaf-17	86	4	journal	journal	NOUN
gujaf-17	86	5	of	of	ADP
gujaf-17	86	6	accounting	accounting	NOUN
gujaf-17	86	7	and	and	CCONJ
gujaf-17	86	8	finance	finance	NOUN
gujaf-17	86	9	,	,	PUNCT
gujaf-17	86	10	vol	vol	NOUN
gujaf-17	86	11	.	.	PUNCT
gujaf-17	87	1	i	i	PRON
gujaf-17	87	2	,	,	PUNCT
gujaf-17	87	3	issue	issue	NOUN
gujaf-17	87	4	1	1	NUM
gujaf-17	87	5	,	,	PUNCT
gujaf-17	87	6	april	april	PROPN
gujaf-17	87	7	,	,	PUNCT
gujaf-17	87	8	2020	2020	NUM
gujaf-17	87	9	issn	issn	VERB
gujaf-17	87	10	2756	2756	NUM
gujaf-17	87	11	-	-	PUNCT
gujaf-17	87	12	665x	665x	NOUN
gujaf-17	87	13	7	7	NUM
gujaf-17	87	14	in	in	ADP
gujaf-17	87	15	a	a	DET
gujaf-17	87	16	structured	structured	ADJ
gujaf-17	87	17	questionnaire	questionnaire	NOUN
gujaf-17	87	18	consisting	consist	VERB
gujaf-17	87	19	of	of	ADP
gujaf-17	87	20	25	25	NUM
gujaf-17	87	21	items	item	NOUN
gujaf-17	87	22	as	as	ADP
gujaf-17	87	23	tool	tool	NOUN
gujaf-17	87	24	for	for	ADP
gujaf-17	87	25	statistics	statistic	NOUN
gujaf-17	87	26	collection	collection	NOUN
gujaf-17	87	27	and	and	CCONJ
gujaf-17	87	28	analyzing	analyze	VERB
gujaf-17	87	29	the	the	DET
gujaf-17	87	30	data	datum	NOUN
gujaf-17	87	31	using	use	VERB
gujaf-17	87	32	chi	chi	ADJ
gujaf-17	87	33	-	-	PUNCT
gujaf-17	87	34	square	square	ADJ
gujaf-17	87	35	technique	technique	NOUN
gujaf-17	87	36	,	,	PUNCT
gujaf-17	87	37	ayodele	ayodele	PROPN
gujaf-17	87	38	(	(	PUNCT
gujaf-17	87	39	2012	2012	NUM
gujaf-17	87	40	)	)	PUNCT
gujaf-17	87	41	examined	examine	VERB
gujaf-17	87	42	the	the	DET
gujaf-17	87	43	effect	effect	NOUN
gujaf-17	87	44	of	of	ADP
gujaf-17	87	45	executive	executive	ADJ
gujaf-17	87	46	compensation	compensation	NOUN
gujaf-17	87	47	structure	structure	NOUN
gujaf-17	87	48	and	and	CCONJ
gujaf-17	87	49	ownership	ownership	NOUN
gujaf-17	87	50	on	on	ADP
gujaf-17	87	51	firm	firm	ADJ
gujaf-17	87	52	performance	performance	NOUN
gujaf-17	87	53	.	.	PUNCT
gujaf-17	88	1	the	the	DET
gujaf-17	88	2	findings	finding	NOUN
gujaf-17	88	3	of	of	ADP
gujaf-17	88	4	the	the	DET
gujaf-17	88	5	analysis	analysis	NOUN
gujaf-17	88	6	revealed	reveal	VERB
gujaf-17	88	7	that	that	SCONJ
gujaf-17	88	8	there	there	PRON
gujaf-17	88	9	is	be	VERB
gujaf-17	88	10	a	a	DET
gujaf-17	88	11	strong	strong	ADJ
gujaf-17	88	12	relationship	relationship	NOUN
gujaf-17	88	13	between	between	ADP
gujaf-17	88	14	management	management	NOUN
gujaf-17	88	15	ownership	ownership	NOUN
gujaf-17	88	16	and	and	CCONJ
gujaf-17	88	17	bank	bank	NOUN
gujaf-17	88	18	’s	’s	PART
gujaf-17	88	19	market	market	NOUN
gujaf-17	88	20	value	value	NOUN
gujaf-17	88	21	.	.	PUNCT
gujaf-17	89	1	although	although	SCONJ
gujaf-17	89	2	,	,	PUNCT
gujaf-17	89	3	the	the	DET
gujaf-17	89	4	finding	finding	NOUN
gujaf-17	89	5	shows	show	VERB
gujaf-17	89	6	that	that	SCONJ
gujaf-17	89	7	executive	executive	PROPN
gujaf-17	89	8	compensation	compensation	NOUN
gujaf-17	89	9	structures	structure	NOUN
gujaf-17	89	10	do	do	AUX
gujaf-17	89	11	not	not	PART
gujaf-17	89	12	affect	affect	VERB
gujaf-17	89	13	bank	bank	NOUN
gujaf-17	89	14	’s	’s	PART
gujaf-17	89	15	market	market	NOUN
gujaf-17	89	16	value	value	NOUN
gujaf-17	89	17	.	.	PUNCT
gujaf-17	90	1	the	the	DET
gujaf-17	90	2	study	study	NOUN
gujaf-17	90	3	also	also	ADV
gujaf-17	90	4	revealed	reveal	VERB
gujaf-17	90	5	that	that	SCONJ
gujaf-17	90	6	among	among	ADP
gujaf-17	90	7	larger	large	ADJ
gujaf-17	90	8	commercial	commercial	ADJ
gujaf-17	90	9	banks	bank	NOUN
gujaf-17	90	10	,	,	PUNCT
gujaf-17	90	11	size	size	NOUN
gujaf-17	90	12	is	be	AUX
gujaf-17	90	13	a	a	DET
gujaf-17	90	14	key	key	ADJ
gujaf-17	90	15	factor	factor	NOUN
gujaf-17	90	16	in	in	ADP
gujaf-17	90	17	determining	determine	VERB
gujaf-17	90	18	executive	executive	ADJ
gujaf-17	90	19	compensation	compensation	NOUN
gujaf-17	90	20	as	as	SCONJ
gujaf-17	90	21	reported	report	VERB
gujaf-17	90	22	by	by	ADP
gujaf-17	90	23	jensen	jensen	PROPN
gujaf-17	90	24	&	&	CCONJ
gujaf-17	90	25	murphy	murphy	PROPN
gujaf-17	90	26	(	(	PUNCT
gujaf-17	90	27	1990	1990	NUM
gujaf-17	90	28	)	)	PUNCT
gujaf-17	90	29	who	who	PRON
gujaf-17	90	30	found	find	VERB
gujaf-17	90	31	it	it	PRON
gujaf-17	90	32	to	to	PART
gujaf-17	90	33	be	be	AUX
gujaf-17	90	34	significantly	significantly	ADV
gujaf-17	90	35	but	but	CCONJ
gujaf-17	90	36	indirectly	indirectly	ADV
gujaf-17	90	37	related	relate	VERB
gujaf-17	90	38	to	to	ADP
gujaf-17	90	39	compensation	compensation	NOUN
gujaf-17	90	40	.	.	PUNCT
gujaf-17	91	1	therefore	therefore	ADV
gujaf-17	91	2	,	,	PUNCT
gujaf-17	91	3	there	there	PRON
gujaf-17	91	4	is	be	VERB
gujaf-17	91	5	need	need	NOUN
gujaf-17	91	6	to	to	PART
gujaf-17	91	7	reign	reign	VERB
gujaf-17	91	8	in	in	ADP
gujaf-17	91	9	the	the	DET
gujaf-17	91	10	executive	executive	NOUN
gujaf-17	91	11	compensation	compensation	NOUN
gujaf-17	91	12	inclination	inclination	NOUN
gujaf-17	91	13	in	in	ADP
gujaf-17	91	14	smaller	small	ADJ
gujaf-17	91	15	banks	bank	NOUN
gujaf-17	91	16	to	to	PART
gujaf-17	91	17	favour	favour	VERB
gujaf-17	91	18	bigger	big	ADJ
gujaf-17	91	19	shareholders	shareholder	NOUN
gujaf-17	91	20	who	who	PRON
gujaf-17	91	21	equal	equal	VERB
gujaf-17	91	22	as	as	ADP
gujaf-17	91	23	bank	bank	NOUN
gujaf-17	91	24	directors	director	NOUN
gujaf-17	91	25	to	to	ADP
gujaf-17	91	26	the	the	DET
gujaf-17	91	27	detriment	detriment	NOUN
gujaf-17	91	28	of	of	ADP
gujaf-17	91	29	returns	return	NOUN
gujaf-17	91	30	and	and	CCONJ
gujaf-17	91	31	smaller	small	ADJ
gujaf-17	91	32	owners	owner	NOUN
gujaf-17	91	33	of	of	ADP
gujaf-17	91	34	the	the	DET
gujaf-17	91	35	bank	bank	NOUN
gujaf-17	91	36	.	.	PUNCT
gujaf-17	92	1	the	the	DET
gujaf-17	92	2	study	study	NOUN
gujaf-17	92	3	relied	rely	VERB
gujaf-17	92	4	solely	solely	ADV
gujaf-17	92	5	on	on	ADP
gujaf-17	92	6	primary	primary	ADJ
gujaf-17	92	7	data	datum	NOUN
gujaf-17	92	8	which	which	PRON
gujaf-17	92	9	could	could	AUX
gujaf-17	92	10	be	be	AUX
gujaf-17	92	11	subjective	subjective	ADJ
gujaf-17	92	12	when	when	SCONJ
gujaf-17	92	13	compared	compare	VERB
gujaf-17	92	14	to	to	ADP
gujaf-17	92	15	secondary	secondary	ADJ
gujaf-17	92	16	data	datum	NOUN
gujaf-17	92	17	that	that	PRON
gujaf-17	92	18	has	have	VERB
gujaf-17	92	19	a	a	DET
gujaf-17	92	20	level	level	NOUN
gujaf-17	92	21	of	of	ADP
gujaf-17	92	22	validity	validity	NOUN
gujaf-17	92	23	,	,	PUNCT
gujaf-17	92	24	reliability	reliability	NOUN
gujaf-17	92	25	and	and	CCONJ
gujaf-17	92	26	objectivity	objectivity	NOUN
gujaf-17	92	27	as	as	SCONJ
gujaf-17	92	28	used	use	VERB
gujaf-17	92	29	by	by	ADP
gujaf-17	92	30	this	this	DET
gujaf-17	92	31	study	study	NOUN
gujaf-17	92	32	.	.	PUNCT
gujaf-17	93	1	kurawa	kurawa	PROPN
gujaf-17	93	2	&	&	CCONJ
gujaf-17	93	3	saidu	saidu	PROPN
gujaf-17	93	4	(	(	PUNCT
gujaf-17	93	5	2014	2014	NUM
gujaf-17	93	6	)	)	PUNCT
gujaf-17	93	7	in	in	ADP
gujaf-17	93	8	their	their	PRON
gujaf-17	93	9	study	study	NOUN
gujaf-17	93	10	examined	examine	VERB
gujaf-17	93	11	the	the	DET
gujaf-17	93	12	impact	impact	NOUN
gujaf-17	93	13	of	of	ADP
gujaf-17	93	14	top	top	ADJ
gujaf-17	93	15	executive	executive	ADJ
gujaf-17	93	16	compensation	compensation	NOUN
gujaf-17	93	17	on	on	ADP
gujaf-17	93	18	financial	financial	ADJ
gujaf-17	93	19	performance	performance	NOUN
gujaf-17	93	20	of	of	ADP
gujaf-17	93	21	nigerian	nigerian	ADJ
gujaf-17	93	22	banks	bank	NOUN
gujaf-17	93	23	using	use	VERB
gujaf-17	93	24	causal	causal	ADJ
gujaf-17	93	25	research	research	NOUN
gujaf-17	93	26	design	design	NOUN
gujaf-17	93	27	,	,	PUNCT
gujaf-17	93	28	where	where	SCONJ
gujaf-17	93	29	they	they	PRON
gujaf-17	93	30	quantified	quantify	VERB
gujaf-17	93	31	board	board	NOUN
gujaf-17	93	32	remuneration	remuneration	NOUN
gujaf-17	93	33	as	as	ADP
gujaf-17	93	34	a	a	DET
gujaf-17	93	35	function	function	NOUN
gujaf-17	93	36	of	of	ADP
gujaf-17	93	37	capital	capital	NOUN
gujaf-17	93	38	adequacy	adequacy	NOUN
gujaf-17	93	39	ratio	ratio	NOUN
gujaf-17	93	40	,	,	PUNCT
gujaf-17	93	41	profit	profit	NOUN
gujaf-17	93	42	before	before	ADP
gujaf-17	93	43	tax	tax	NOUN
gujaf-17	93	44	,	,	PUNCT
gujaf-17	93	45	return	return	NOUN
gujaf-17	93	46	on	on	ADP
gujaf-17	93	47	assets	asset	NOUN
gujaf-17	93	48	and	and	CCONJ
gujaf-17	93	49	return	return	VERB
gujaf-17	93	50	on	on	ADP
gujaf-17	93	51	equity	equity	NOUN
gujaf-17	93	52	.	.	PUNCT
gujaf-17	94	1	the	the	DET
gujaf-17	94	2	study	study	NOUN
gujaf-17	94	3	found	find	VERB
gujaf-17	94	4	a	a	DET
gujaf-17	94	5	direct	direct	ADJ
gujaf-17	94	6	and	and	CCONJ
gujaf-17	94	7	significant	significant	ADJ
gujaf-17	94	8	link	link	NOUN
gujaf-17	94	9	between	between	ADP
gujaf-17	94	10	executive	executive	NOUN
gujaf-17	94	11	compensation	compensation	NOUN
gujaf-17	94	12	(	(	PUNCT
gujaf-17	94	13	excluding	exclude	VERB
gujaf-17	94	14	nonexecutive	nonexecutive	ADJ
gujaf-17	94	15	directors	director	NOUN
gujaf-17	94	16	)	)	PUNCT
gujaf-17	94	17	and	and	CCONJ
gujaf-17	94	18	the	the	DET
gujaf-17	94	19	profit	profit	NOUN
gujaf-17	94	20	before	before	ADP
gujaf-17	94	21	tax	tax	NOUN
gujaf-17	94	22	of	of	ADP
gujaf-17	94	23	the	the	DET
gujaf-17	94	24	sampled	sample	VERB
gujaf-17	94	25	banks	bank	NOUN
gujaf-17	94	26	.	.	PUNCT
gujaf-17	95	1	that	that	DET
gujaf-17	95	2	study	study	NOUN
gujaf-17	95	3	is	be	AUX
gujaf-17	95	4	one	one	NUM
gujaf-17	95	5	of	of	ADP
gujaf-17	95	6	the	the	DET
gujaf-17	95	7	few	few	ADJ
gujaf-17	95	8	published	publish	VERB
gujaf-17	95	9	studies	study	NOUN
gujaf-17	95	10	on	on	ADP
gujaf-17	95	11	executive	executive	ADJ
gujaf-17	95	12	compensation	compensation	NOUN
gujaf-17	95	13	and	and	CCONJ
gujaf-17	95	14	firm	firm	ADJ
gujaf-17	95	15	performance	performance	NOUN
gujaf-17	95	16	in	in	ADP
gujaf-17	95	17	nigeria	nigeria	PROPN
gujaf-17	95	18	,	,	PUNCT
gujaf-17	95	19	but	but	CCONJ
gujaf-17	95	20	it	it	PRON
gujaf-17	95	21	assumed	assume	VERB
gujaf-17	95	22	not	not	PART
gujaf-17	95	23	to	to	PART
gujaf-17	95	24	include	include	VERB
gujaf-17	95	25	any	any	DET
gujaf-17	95	26	corporate	corporate	ADJ
gujaf-17	95	27	governance	governance	NOUN
gujaf-17	95	28	variables	variable	NOUN
gujaf-17	95	29	like	like	ADP
gujaf-17	95	30	board	board	NOUN
gujaf-17	95	31	’s	’s	PART
gujaf-17	95	32	composition	composition	NOUN
gujaf-17	95	33	,	,	PUNCT
gujaf-17	95	34	audit	audit	NOUN
gujaf-17	95	35	committees	committee	NOUN
gujaf-17	95	36	size	size	VERB
gujaf-17	95	37	,	,	PUNCT
gujaf-17	95	38	duality	duality	NOUN
gujaf-17	95	39	of	of	ADP
gujaf-17	95	40	board	board	NOUN
gujaf-17	95	41	,	,	PUNCT
gujaf-17	95	42	that	that	SCONJ
gujaf-17	95	43	the	the	DET
gujaf-17	95	44	study	study	NOUN
gujaf-17	95	45	believed	believe	VERB
gujaf-17	95	46	to	to	PART
gujaf-17	95	47	have	have	VERB
gujaf-17	95	48	significant	significant	ADJ
gujaf-17	95	49	influence	influence	NOUN
gujaf-17	95	50	on	on	ADP
gujaf-17	95	51	compensation	compensation	NOUN
gujaf-17	95	52	contract	contract	NOUN
gujaf-17	95	53	.	.	PUNCT
gujaf-17	96	1	muhammed	muhamme	VERB
gujaf-17	96	2	(	(	PUNCT
gujaf-17	96	3	2015	2015	NUM
gujaf-17	96	4	)	)	PUNCT
gujaf-17	96	5	investigated	investigate	VERB
gujaf-17	96	6	the	the	DET
gujaf-17	96	7	controversy	controversy	NOUN
gujaf-17	96	8	as	as	ADP
gujaf-17	96	9	to	to	ADP
gujaf-17	96	10	whether	whether	SCONJ
gujaf-17	96	11	executive	executive	ADJ
gujaf-17	96	12	compensation	compensation	NOUN
gujaf-17	96	13	in	in	ADP
gujaf-17	96	14	nigerian	nigerian	ADJ
gujaf-17	96	15	money	money	NOUN
gujaf-17	96	16	deposit	deposit	NOUN
gujaf-17	96	17	banks	bank	NOUN
gujaf-17	96	18	(	(	PUNCT
gujaf-17	96	19	mdbs	mdbs	X
gujaf-17	96	20	)	)	PUNCT
gujaf-17	96	21	can	can	AUX
gujaf-17	96	22	be	be	AUX
gujaf-17	96	23	explained	explain	VERB
gujaf-17	96	24	by	by	ADP
gujaf-17	96	25	the	the	DET
gujaf-17	96	26	underlying	underlie	VERB
gujaf-17	96	27	performance	performance	NOUN
gujaf-17	96	28	of	of	ADP
gujaf-17	96	29	the	the	DET
gujaf-17	96	30	banks	bank	NOUN
gujaf-17	96	31	they	they	PRON
gujaf-17	96	32	are	be	AUX
gujaf-17	96	33	managing	manage	VERB
gujaf-17	96	34	and	and	CCONJ
gujaf-17	96	35	thus	thus	ADV
gujaf-17	96	36	a	a	DET
gujaf-17	96	37	reflection	reflection	NOUN
gujaf-17	96	38	of	of	ADP
gujaf-17	96	39	optimal	optimal	ADJ
gujaf-17	96	40	contracting	contracting	NOUN
gujaf-17	96	41	or	or	CCONJ
gujaf-17	96	42	managerial	managerial	ADJ
gujaf-17	96	43	power	power	NOUN
gujaf-17	96	44	.	.	PUNCT
gujaf-17	97	1	the	the	DET
gujaf-17	97	2	study	study	NOUN
gujaf-17	97	3	sampled	sample	VERB
gujaf-17	97	4	nine	nine	NUM
gujaf-17	97	5	deposit	deposit	NOUN
gujaf-17	97	6	money	money	NOUN
gujaf-17	97	7	banks	bank	NOUN
gujaf-17	97	8	over	over	ADP
gujaf-17	97	9	the	the	DET
gujaf-17	97	10	period	period	NOUN
gujaf-17	97	11	2006	2006	NUM
gujaf-17	97	12	-	-	SYM
gujaf-17	97	13	2012	2012	NUM
gujaf-17	97	14	,	,	PUNCT
gujaf-17	97	15	and	and	CCONJ
gujaf-17	97	16	the	the	DET
gujaf-17	97	17	findings	finding	NOUN
gujaf-17	97	18	of	of	ADP
gujaf-17	97	19	the	the	DET
gujaf-17	97	20	study	study	NOUN
gujaf-17	97	21	showed	show	VERB
gujaf-17	97	22	that	that	SCONJ
gujaf-17	97	23	roa	roa	NOUN
gujaf-17	97	24	,	,	PUNCT
gujaf-17	97	25	board	board	NOUN
gujaf-17	97	26	size	size	NOUN
gujaf-17	97	27	,	,	PUNCT
gujaf-17	97	28	board	board	NOUN
gujaf-17	97	29	independence	independence	NOUN
gujaf-17	97	30	,	,	PUNCT
gujaf-17	97	31	and	and	CCONJ
gujaf-17	97	32	other	other	ADJ
gujaf-17	97	33	board	board	NOUN
gujaf-17	97	34	members	member	NOUN
gujaf-17	97	35	’	’	PART
gujaf-17	97	36	percentage	percentage	NOUN
gujaf-17	97	37	stock	stock	NOUN
gujaf-17	97	38	ownership	ownership	NOUN
gujaf-17	97	39	are	be	AUX
gujaf-17	97	40	not	not	PART
gujaf-17	97	41	significantly	significantly	ADV
gujaf-17	97	42	related	relate	VERB
gujaf-17	97	43	to	to	PART
gujaf-17	97	44	pay	pay	VERB
gujaf-17	97	45	and	and	CCONJ
gujaf-17	97	46	it	it	PRON
gujaf-17	97	47	reaffirms	reaffirm	VERB
gujaf-17	97	48	that	that	SCONJ
gujaf-17	97	49	ceo	ceo	NOUN
gujaf-17	97	50	pay	pay	NOUN
gujaf-17	97	51	in	in	ADP
gujaf-17	97	52	nigerian	nigerian	PROPN
gujaf-17	97	53	mdbs	mdbs	X
gujaf-17	97	54	is	be	AUX
gujaf-17	97	55	not	not	PART
gujaf-17	97	56	based	base	VERB
gujaf-17	97	57	on	on	ADP
gujaf-17	97	58	performance	performance	NOUN
gujaf-17	97	59	,	,	PUNCT
gujaf-17	97	60	but	but	CCONJ
gujaf-17	97	61	favored	favor	VERB
gujaf-17	97	62	a	a	DET
gujaf-17	97	63	managerial	managerial	ADJ
gujaf-17	97	64	power	power	NOUN
gujaf-17	97	65	view	view	NOUN
gujaf-17	97	66	of	of	ADP
gujaf-17	97	67	ceo	ceo	NOUN
gujaf-17	97	68	pay	pay	NOUN
gujaf-17	97	69	.	.	PUNCT
gujaf-17	98	1	the	the	DET
gujaf-17	98	2	study	study	NOUN
gujaf-17	98	3	assumed	assume	VERB
gujaf-17	98	4	the	the	DET
gujaf-17	98	5	highest	high	ADJ
gujaf-17	98	6	pay	pay	NOUN
gujaf-17	98	7	disclosure	disclosure	NOUN
gujaf-17	98	8	to	to	PART
gujaf-17	98	9	represent	represent	VERB
gujaf-17	98	10	its	its	PRON
gujaf-17	98	11	ceo	ceo	NOUN
gujaf-17	98	12	pay	pay	NOUN
gujaf-17	98	13	which	which	PRON
gujaf-17	98	14	could	could	AUX
gujaf-17	98	15	not	not	PART
gujaf-17	98	16	be	be	AUX
gujaf-17	98	17	so	so	ADV
gujaf-17	98	18	but	but	CCONJ
gujaf-17	98	19	to	to	ADP
gujaf-17	98	20	other	other	ADJ
gujaf-17	98	21	directors	director	NOUN
gujaf-17	98	22	,	,	PUNCT
gujaf-17	98	23	which	which	PRON
gujaf-17	98	24	can	can	AUX
gujaf-17	98	25	be	be	AUX
gujaf-17	98	26	due	due	ADJ
gujaf-17	98	27	to	to	ADP
gujaf-17	98	28	executive	executive	ADJ
gujaf-17	98	29	characteristics	characteristic	NOUN
gujaf-17	98	30	such	such	ADJ
gujaf-17	98	31	as	as	ADP
gujaf-17	98	32	tenure	tenure	NOUN
gujaf-17	98	33	or	or	CCONJ
gujaf-17	98	34	gender	gender	NOUN
gujaf-17	98	35	.	.	PUNCT
gujaf-17	99	1	gujaf	gujaf	NOUN
gujaf-17	99	2	:	:	PUNCT
gujaf-17	99	3	gusau	gusau	PROPN
gujaf-17	99	4	journal	journal	NOUN
gujaf-17	99	5	of	of	ADP
gujaf-17	99	6	accounting	accounting	NOUN
gujaf-17	99	7	and	and	CCONJ
gujaf-17	99	8	finance	finance	NOUN
gujaf-17	99	9	,	,	PUNCT
gujaf-17	99	10	vol	vol	NOUN
gujaf-17	99	11	.	.	PUNCT
gujaf-17	100	1	i	i	PRON
gujaf-17	100	2	,	,	PUNCT
gujaf-17	100	3	issue	issue	NOUN
gujaf-17	100	4	1	1	NUM
gujaf-17	100	5	,	,	PUNCT
gujaf-17	100	6	april	april	PROPN
gujaf-17	100	7	,	,	PUNCT
gujaf-17	100	8	2020	2020	NUM
gujaf-17	100	9	issn	issn	VERB
gujaf-17	100	10	2756	2756	NUM
gujaf-17	100	11	-	-	PUNCT
gujaf-17	100	12	665x	665x	NOUN
gujaf-17	100	13	8	8	NUM
gujaf-17	100	14	institutional	institutional	ADJ
gujaf-17	100	15	ownership	ownership	NOUN
gujaf-17	100	16	and	and	CCONJ
gujaf-17	100	17	executive	executive	NOUN
gujaf-17	100	18	compensation	compensation	NOUN
gujaf-17	100	19	ownership	ownership	NOUN
gujaf-17	100	20	structures	structure	NOUN
gujaf-17	100	21	play	play	VERB
gujaf-17	100	22	a	a	DET
gujaf-17	100	23	great	great	ADJ
gujaf-17	100	24	role	role	NOUN
gujaf-17	100	25	in	in	ADP
gujaf-17	100	26	changing	change	VERB
gujaf-17	100	27	the	the	DET
gujaf-17	100	28	executive	executive	ADJ
gujaf-17	100	29	pay	pay	NOUN
gujaf-17	100	30	-	-	PUNCT
gujaf-17	100	31	forperformance	forperformance	NOUN
gujaf-17	100	32	relationship	relationship	NOUN
gujaf-17	100	33	.	.	PUNCT
gujaf-17	101	1	institutional	institutional	ADJ
gujaf-17	101	2	ownership	ownership	NOUN
gujaf-17	101	3	has	have	VERB
gujaf-17	101	4	both	both	CCONJ
gujaf-17	101	5	the	the	DET
gujaf-17	101	6	motivation	motivation	NOUN
gujaf-17	101	7	and	and	CCONJ
gujaf-17	101	8	power	power	NOUN
gujaf-17	101	9	to	to	PART
gujaf-17	101	10	compel	compel	VERB
gujaf-17	101	11	managers	manager	NOUN
gujaf-17	101	12	to	to	PART
gujaf-17	101	13	act	act	VERB
gujaf-17	101	14	in	in	ADP
gujaf-17	101	15	consonant	consonant	NOUN
gujaf-17	101	16	with	with	ADP
gujaf-17	101	17	value	value	NOUN
gujaf-17	101	18	maximization	maximization	NOUN
gujaf-17	101	19	objective	objective	NOUN
gujaf-17	101	20	of	of	ADP
gujaf-17	101	21	a	a	DET
gujaf-17	101	22	firm	firm	NOUN
gujaf-17	101	23	.	.	PUNCT
gujaf-17	102	1	noe	noe	PROPN
gujaf-17	102	2	(	(	PUNCT
gujaf-17	102	3	2002	2002	NUM
gujaf-17	102	4	)	)	PUNCT
gujaf-17	102	5	suggested	suggest	VERB
gujaf-17	102	6	that	that	SCONJ
gujaf-17	102	7	massive	massive	ADJ
gujaf-17	102	8	shareholders	shareholder	NOUN
gujaf-17	102	9	have	have	VERB
gujaf-17	102	10	incentives	incentive	NOUN
gujaf-17	102	11	to	to	PART
gujaf-17	102	12	monitor	monitor	VERB
gujaf-17	102	13	activities	activity	NOUN
gujaf-17	102	14	of	of	ADP
gujaf-17	102	15	managers	manager	NOUN
gujaf-17	102	16	,	,	PUNCT
gujaf-17	102	17	resulting	result	VERB
gujaf-17	102	18	in	in	ADP
gujaf-17	102	19	a	a	DET
gujaf-17	102	20	higher	high	ADJ
gujaf-17	102	21	firm	firm	ADJ
gujaf-17	102	22	value	value	NOUN
gujaf-17	102	23	.	.	PUNCT
gujaf-17	103	1	while	while	SCONJ
gujaf-17	103	2	ozkan	ozkan	NOUN
gujaf-17	103	3	(	(	PUNCT
gujaf-17	103	4	2007	2007	NUM
gujaf-17	103	5	)	)	PUNCT
gujaf-17	103	6	is	be	AUX
gujaf-17	103	7	of	of	ADP
gujaf-17	103	8	the	the	DET
gujaf-17	103	9	view	view	NOUN
gujaf-17	103	10	that	that	SCONJ
gujaf-17	103	11	large	large	ADJ
gujaf-17	103	12	shareholdings	shareholding	NOUN
gujaf-17	103	13	can	can	AUX
gujaf-17	103	14	allow	allow	VERB
gujaf-17	103	15	institutional	institutional	ADJ
gujaf-17	103	16	investors	investor	NOUN
gujaf-17	103	17	to	to	PART
gujaf-17	103	18	exert	exert	VERB
gujaf-17	103	19	greater	great	ADJ
gujaf-17	103	20	impact	impact	NOUN
gujaf-17	103	21	on	on	ADP
gujaf-17	103	22	corporate	corporate	ADJ
gujaf-17	103	23	issues	issue	NOUN
gujaf-17	103	24	.	.	PUNCT
gujaf-17	104	1	hartzell	hartzell	PROPN
gujaf-17	104	2	&	&	CCONJ
gujaf-17	104	3	starks	starks	PROPN
gujaf-17	104	4	(	(	PUNCT
gujaf-17	104	5	2003	2003	NUM
gujaf-17	104	6	)	)	PUNCT
gujaf-17	104	7	found	find	VERB
gujaf-17	104	8	that	that	SCONJ
gujaf-17	104	9	institutional	institutional	ADJ
gujaf-17	104	10	ownership	ownership	NOUN
gujaf-17	104	11	concentration	concentration	NOUN
gujaf-17	104	12	is	be	AUX
gujaf-17	104	13	positively	positively	ADV
gujaf-17	104	14	related	relate	VERB
gujaf-17	104	15	to	to	ADP
gujaf-17	104	16	the	the	DET
gujaf-17	104	17	pay	pay	VERB
gujaf-17	104	18	-	-	PUNCT
gujaf-17	104	19	for	for	ADP
gujaf-17	104	20	-	-	PUNCT
gujaf-17	104	21	performance	performance	NOUN
gujaf-17	104	22	sensitivity	sensitivity	NOUN
gujaf-17	104	23	of	of	ADP
gujaf-17	104	24	executive	executive	ADJ
gujaf-17	104	25	compensation	compensation	NOUN
gujaf-17	104	26	and	and	CCONJ
gujaf-17	104	27	negatively	negatively	ADV
gujaf-17	104	28	related	relate	VERB
gujaf-17	104	29	to	to	ADP
gujaf-17	104	30	the	the	DET
gujaf-17	104	31	level	level	NOUN
gujaf-17	104	32	of	of	ADP
gujaf-17	104	33	compensation	compensation	NOUN
gujaf-17	104	34	of	of	ADP
gujaf-17	104	35	non	non	ADJ
gujaf-17	104	36	-	-	ADJ
gujaf-17	104	37	banking	banking	ADJ
gujaf-17	104	38	firms	firm	NOUN
gujaf-17	104	39	;	;	PUNCT
gujaf-17	104	40	this	this	PRON
gujaf-17	104	41	suggests	suggest	VERB
gujaf-17	104	42	that	that	SCONJ
gujaf-17	104	43	institutional	institutional	ADJ
gujaf-17	104	44	ownership	ownership	NOUN
gujaf-17	104	45	might	might	AUX
gujaf-17	104	46	serve	serve	VERB
gujaf-17	104	47	as	as	ADP
gujaf-17	104	48	monitors	monitor	NOUN
gujaf-17	104	49	that	that	PRON
gujaf-17	104	50	mitigate	mitigate	VERB
gujaf-17	104	51	the	the	DET
gujaf-17	104	52	agency	agency	NOUN
gujaf-17	104	53	problem	problem	NOUN
gujaf-17	104	54	.	.	PUNCT
gujaf-17	105	1	conclusions	conclusion	NOUN
gujaf-17	105	2	were	be	AUX
gujaf-17	105	3	drawn	draw	VERB
gujaf-17	105	4	that	that	SCONJ
gujaf-17	105	5	firms	firm	NOUN
gujaf-17	105	6	with	with	ADP
gujaf-17	105	7	more	more	ADV
gujaf-17	105	8	concentrated	concentrated	ADJ
gujaf-17	105	9	institutional	institutional	ADJ
gujaf-17	105	10	owners	owner	NOUN
gujaf-17	105	11	pay	pay	VERB
gujaf-17	105	12	executives	executive	NOUN
gujaf-17	105	13	less	less	ADV
gujaf-17	105	14	and	and	CCONJ
gujaf-17	105	15	make	make	VERB
gujaf-17	105	16	this	this	PRON
gujaf-17	105	17	pay	pay	VERB
gujaf-17	105	18	more	more	ADV
gujaf-17	105	19	sensitive	sensitive	ADJ
gujaf-17	105	20	to	to	ADP
gujaf-17	105	21	performance	performance	NOUN
gujaf-17	105	22	(	(	PUNCT
gujaf-17	105	23	i.e.	i.e.	X
gujaf-17	105	24	lower	low	ADJ
gujaf-17	105	25	cash	cash	NOUN
gujaf-17	105	26	-	-	PUNCT
gujaf-17	105	27	based	base	VERB
gujaf-17	105	28	pay	pay	NOUN
gujaf-17	105	29	,	,	PUNCT
gujaf-17	105	30	and	and	CCONJ
gujaf-17	105	31	lower	low	ADJ
gujaf-17	105	32	direct	direct	ADJ
gujaf-17	105	33	compensation	compensation	NOUN
gujaf-17	105	34	)	)	PUNCT
gujaf-17	105	35	.	.	PUNCT
gujaf-17	106	1	shehu	shehu	PROPN
gujaf-17	106	2	(	(	PUNCT
gujaf-17	106	3	2011	2011	NUM
gujaf-17	106	4	)	)	PUNCT
gujaf-17	106	5	noted	note	VERB
gujaf-17	106	6	that	that	SCONJ
gujaf-17	106	7	institutional	institutional	ADJ
gujaf-17	106	8	ownership	ownership	NOUN
gujaf-17	106	9	emerged	emerge	VERB
gujaf-17	106	10	as	as	ADP
gujaf-17	106	11	an	an	DET
gujaf-17	106	12	important	important	ADJ
gujaf-17	106	13	tool	tool	NOUN
gujaf-17	106	14	for	for	ADP
gujaf-17	106	15	protecting	protect	VERB
gujaf-17	106	16	minority	minority	NOUN
gujaf-17	106	17	interest	interest	NOUN
gujaf-17	106	18	.	.	PUNCT
gujaf-17	107	1	this	this	PRON
gujaf-17	107	2	is	be	AUX
gujaf-17	107	3	because	because	SCONJ
gujaf-17	107	4	large	large	ADJ
gujaf-17	107	5	institutions	institution	NOUN
gujaf-17	107	6	have	have	VERB
gujaf-17	107	7	the	the	DET
gujaf-17	107	8	opportunity	opportunity	NOUN
gujaf-17	107	9	,	,	PUNCT
gujaf-17	107	10	resources	resource	NOUN
gujaf-17	107	11	and	and	CCONJ
gujaf-17	107	12	ability	ability	NOUN
gujaf-17	107	13	to	to	PART
gujaf-17	107	14	constrain	constrain	VERB
gujaf-17	107	15	managers	manager	NOUN
gujaf-17	107	16	’	’	PART
gujaf-17	107	17	behaviour	behaviour	NOUN
gujaf-17	107	18	and	and	CCONJ
gujaf-17	107	19	they	they	PRON
gujaf-17	107	20	also	also	ADV
gujaf-17	107	21	represent	represent	VERB
gujaf-17	107	22	ownership	ownership	NOUN
gujaf-17	107	23	concentration	concentration	NOUN
gujaf-17	107	24	in	in	ADP
gujaf-17	107	25	some	some	DET
gujaf-17	107	26	cases	case	NOUN
gujaf-17	107	27	because	because	SCONJ
gujaf-17	107	28	of	of	ADP
gujaf-17	107	29	their	their	PRON
gujaf-17	107	30	ability	ability	NOUN
gujaf-17	107	31	to	to	PART
gujaf-17	107	32	make	make	VERB
gujaf-17	107	33	bulk	bulk	ADJ
gujaf-17	107	34	purchases	purchase	NOUN
gujaf-17	107	35	of	of	ADP
gujaf-17	107	36	the	the	DET
gujaf-17	107	37	firm	firm	NOUN
gujaf-17	107	38	’s	’s	PART
gujaf-17	107	39	equity	equity	NOUN
gujaf-17	107	40	shares	share	NOUN
gujaf-17	107	41	.	.	PUNCT
gujaf-17	108	1	in	in	ADP
gujaf-17	108	2	a	a	DET
gujaf-17	108	3	broader	broad	ADJ
gujaf-17	108	4	study	study	NOUN
gujaf-17	108	5	,	,	PUNCT
gujaf-17	108	6	suherman	suherman	PROPN
gujaf-17	108	7	,	,	PUNCT
gujaf-17	108	8	rahmawati	rahmawati	PROPN
gujaf-17	108	9	&	&	CCONJ
gujaf-17	108	10	buchdadi	buchdadi	PROPN
gujaf-17	108	11	(	(	PUNCT
gujaf-17	108	12	2011	2011	NUM
gujaf-17	108	13	)	)	PUNCT
gujaf-17	108	14	investigated	investigate	VERB
gujaf-17	108	15	on	on	ADP
gujaf-17	108	16	the	the	DET
gujaf-17	108	17	question	question	NOUN
gujaf-17	108	18	of	of	ADP
gujaf-17	108	19	whether	whether	SCONJ
gujaf-17	108	20	firm	firm	ADJ
gujaf-17	108	21	performance	performance	NOUN
gujaf-17	108	22	and	and	CCONJ
gujaf-17	108	23	corporate	corporate	ADJ
gujaf-17	108	24	governance	governance	NOUN
gujaf-17	108	25	mechanisms	mechanism	NOUN
gujaf-17	108	26	are	be	AUX
gujaf-17	108	27	determinants	determinant	NOUN
gujaf-17	108	28	of	of	ADP
gujaf-17	108	29	executive	executive	ADJ
gujaf-17	108	30	compensation	compensation	NOUN
gujaf-17	108	31	.	.	PUNCT
gujaf-17	109	1	the	the	DET
gujaf-17	109	2	research	research	NOUN
gujaf-17	109	3	employed	employ	VERB
gujaf-17	109	4	panel	panel	NOUN
gujaf-17	109	5	data	datum	NOUN
gujaf-17	109	6	and	and	CCONJ
gujaf-17	109	7	sampled	sample	VERB
gujaf-17	109	8	13	13	NUM
gujaf-17	109	9	financial	financial	ADJ
gujaf-17	109	10	companies	company	NOUN
gujaf-17	109	11	listed	list	VERB
gujaf-17	109	12	during	during	ADP
gujaf-17	109	13	the	the	DET
gujaf-17	109	14	period	period	NOUN
gujaf-17	109	15	2007	2007	NUM
gujaf-17	109	16	-	-	SYM
gujaf-17	109	17	2009	2009	NUM
gujaf-17	109	18	on	on	ADP
gujaf-17	109	19	indonesian	indonesian	ADJ
gujaf-17	109	20	stock	stock	PROPN
gujaf-17	109	21	exchange	exchange	PROPN
gujaf-17	109	22	.	.	PUNCT
gujaf-17	110	1	the	the	DET
gujaf-17	110	2	result	result	NOUN
gujaf-17	110	3	showed	show	VERB
gujaf-17	110	4	that	that	SCONJ
gujaf-17	110	5	firm	firm	ADJ
gujaf-17	110	6	performance	performance	NOUN
gujaf-17	110	7	measured	measure	VERB
gujaf-17	110	8	by	by	ADP
gujaf-17	110	9	roa	roa	NOUN
gujaf-17	110	10	and	and	CCONJ
gujaf-17	110	11	institutional	institutional	ADJ
gujaf-17	110	12	ownership	ownership	NOUN
gujaf-17	110	13	significantly	significantly	ADV
gujaf-17	110	14	affects	affect	VERB
gujaf-17	110	15	the	the	DET
gujaf-17	110	16	executive	executive	ADJ
gujaf-17	110	17	compensation	compensation	NOUN
gujaf-17	110	18	.	.	PUNCT
gujaf-17	111	1	in	in	ADP
gujaf-17	111	2	furthering	further	VERB
gujaf-17	111	3	the	the	DET
gujaf-17	111	4	study	study	NOUN
gujaf-17	111	5	of	of	ADP
gujaf-17	111	6	hartzell	hartzell	PROPN
gujaf-17	111	7	&	&	CCONJ
gujaf-17	111	8	starks	starks	PROPN
gujaf-17	111	9	(	(	PUNCT
gujaf-17	111	10	2003	2003	NUM
gujaf-17	111	11	)	)	PUNCT
gujaf-17	111	12	,	,	PUNCT
gujaf-17	111	13	smith	smith	PROPN
gujaf-17	111	14	&	&	CCONJ
gujaf-17	111	15	swan	swan	PROPN
gujaf-17	111	16	(	(	PUNCT
gujaf-17	111	17	2013	2013	NUM
gujaf-17	111	18	)	)	PUNCT
gujaf-17	111	19	critiqued	critique	VERB
gujaf-17	111	20	the	the	DET
gujaf-17	111	21	aforementioned	aforementioned	ADJ
gujaf-17	111	22	researchers	researcher	NOUN
gujaf-17	111	23	’	'	PUNCT
gujaf-17	111	24	results	result	NOUN
gujaf-17	111	25	,	,	PUNCT
gujaf-17	111	26	as	as	ADP
gujaf-17	111	27	so	so	ADV
gujaf-17	111	28	sensitive	sensitive	ADJ
gujaf-17	111	29	with	with	ADP
gujaf-17	111	30	respect	respect	NOUN
gujaf-17	111	31	to	to	ADP
gujaf-17	111	32	the	the	DET
gujaf-17	111	33	use	use	NOUN
gujaf-17	111	34	of	of	ADP
gujaf-17	111	35	firm	firm	ADJ
gujaf-17	111	36	size	size	NOUN
gujaf-17	111	37	as	as	ADP
gujaf-17	111	38	a	a	DET
gujaf-17	111	39	control	control	NOUN
gujaf-17	111	40	variable	variable	NOUN
gujaf-17	111	41	,	,	PUNCT
gujaf-17	111	42	because	because	SCONJ
gujaf-17	111	43	they	they	PRON
gujaf-17	111	44	measured	measure	VERB
gujaf-17	111	45	institutional	institutional	ADJ
gujaf-17	111	46	holdings	holding	NOUN
gujaf-17	111	47	as	as	ADP
gujaf-17	111	48	a	a	DET
gujaf-17	111	49	fraction	fraction	NOUN
gujaf-17	111	50	of	of	ADP
gujaf-17	111	51	institutional	institutional	ADJ
gujaf-17	111	52	share	share	NOUN
gujaf-17	111	53	ownership	ownership	NOUN
gujaf-17	111	54	,	,	PUNCT
gujaf-17	111	55	and	and	CCONJ
gujaf-17	111	56	managerial	managerial	ADJ
gujaf-17	111	57	option	option	NOUN
gujaf-17	111	58	grants	grant	NOUN
gujaf-17	111	59	as	as	ADP
gujaf-17	111	60	a	a	DET
gujaf-17	111	61	fraction	fraction	NOUN
gujaf-17	111	62	of	of	ADP
gujaf-17	111	63	total	total	ADJ
gujaf-17	111	64	market	market	NOUN
gujaf-17	111	65	capitalization	capitalization	NOUN
gujaf-17	111	66	.	.	PUNCT
gujaf-17	112	1	smith	smith	PROPN
gujaf-17	112	2	&	&	CCONJ
gujaf-17	112	3	swan	swan	PROPN
gujaf-17	112	4	(	(	PUNCT
gujaf-17	112	5	2013	2013	NUM
gujaf-17	112	6	)	)	PUNCT
gujaf-17	112	7	study	study	NOUN
gujaf-17	112	8	covered	cover	VERB
gujaf-17	112	9	nineteen	nineteen	NUM
gujaf-17	112	10	years	year	NOUN
gujaf-17	112	11	(	(	PUNCT
gujaf-17	112	12	1992	1992	NUM
gujaf-17	112	13	to	to	ADP
gujaf-17	112	14	2010	2010	NUM
gujaf-17	112	15	)	)	PUNCT
gujaf-17	112	16	and	and	CCONJ
gujaf-17	112	17	found	find	VERB
gujaf-17	112	18	that	that	SCONJ
gujaf-17	112	19	institutional	institutional	ADJ
gujaf-17	112	20	concentration	concentration	NOUN
gujaf-17	112	21	has	have	VERB
gujaf-17	112	22	no	no	DET
gujaf-17	112	23	such	such	ADJ
gujaf-17	112	24	effects	effect	NOUN
gujaf-17	112	25	when	when	SCONJ
gujaf-17	112	26	firm	firm	ADJ
gujaf-17	112	27	size	size	NOUN
gujaf-17	112	28	is	be	AUX
gujaf-17	112	29	controlled	control	VERB
gujaf-17	112	30	for	for	ADP
gujaf-17	112	31	with	with	ADP
gujaf-17	112	32	a	a	DET
gujaf-17	112	33	logarithmically	logarithmically	ADV
gujaf-17	112	34	transformed	transform	VERB
gujaf-17	112	35	market	market	NOUN
gujaf-17	112	36	capitalization	capitalization	NOUN
gujaf-17	112	37	,	,	PUNCT
gujaf-17	112	38	instead	instead	ADV
gujaf-17	112	39	of	of	ADP
gujaf-17	112	40	hartzell	hartzell	PROPN
gujaf-17	112	41	&	&	CCONJ
gujaf-17	112	42	starks	starks	PROPN
gujaf-17	112	43	(	(	PUNCT
gujaf-17	112	44	2003	2003	NUM
gujaf-17	112	45	)	)	PUNCT
gujaf-17	112	46	raw	raw	ADJ
gujaf-17	112	47	market	market	NOUN
gujaf-17	112	48	capitalization	capitalization	NOUN
gujaf-17	112	49	.	.	PUNCT
gujaf-17	113	1	they	they	PRON
gujaf-17	113	2	concluded	conclude	VERB
gujaf-17	113	3	that	that	SCONJ
gujaf-17	113	4	institutional	institutional	ADJ
gujaf-17	113	5	shareholdings	shareholding	NOUN
gujaf-17	113	6	are	be	AUX
gujaf-17	113	7	not	not	PART
gujaf-17	113	8	associated	associate	VERB
gujaf-17	113	9	with	with	ADP
gujaf-17	113	10	executive	executive	ADJ
gujaf-17	113	11	pay	pay	NOUN
gujaf-17	113	12	,	,	PUNCT
gujaf-17	113	13	which	which	PRON
gujaf-17	113	14	the	the	DET
gujaf-17	113	15	gujaf	gujaf	NOUN
gujaf-17	113	16	:	:	PUNCT
gujaf-17	113	17	gusau	gusau	PROPN
gujaf-17	113	18	journal	journal	NOUN
gujaf-17	113	19	of	of	ADP
gujaf-17	113	20	accounting	accounting	NOUN
gujaf-17	113	21	and	and	CCONJ
gujaf-17	113	22	finance	finance	NOUN
gujaf-17	113	23	,	,	PUNCT
gujaf-17	113	24	vol	vol	NOUN
gujaf-17	113	25	.	.	PUNCT
gujaf-17	114	1	i	i	PRON
gujaf-17	114	2	,	,	PUNCT
gujaf-17	114	3	issue	issue	NOUN
gujaf-17	114	4	1	1	NUM
gujaf-17	114	5	,	,	PUNCT
gujaf-17	114	6	april	april	PROPN
gujaf-17	114	7	,	,	PUNCT
gujaf-17	114	8	2020	2020	NUM
gujaf-17	114	9	issn	issn	VERB
gujaf-17	114	10	2756	2756	NUM
gujaf-17	114	11	-	-	PUNCT
gujaf-17	114	12	665x	665x	NOUN
gujaf-17	114	13	9	9	NUM
gujaf-17	114	14	researchers	researcher	NOUN
gujaf-17	114	15	ascribed	ascribe	VERB
gujaf-17	114	16	to	to	ADP
gujaf-17	114	17	other	other	ADJ
gujaf-17	114	18	factors	factor	NOUN
gujaf-17	114	19	such	such	ADJ
gujaf-17	114	20	as	as	ADP
gujaf-17	114	21	,	,	PUNCT
gujaf-17	114	22	firms	firm	NOUN
gujaf-17	114	23	been	be	AUX
gujaf-17	114	24	perfect	perfect	ADJ
gujaf-17	114	25	in	in	ADP
gujaf-17	114	26	monitoring	monitor	VERB
gujaf-17	114	27	the	the	DET
gujaf-17	114	28	executives	executive	NOUN
gujaf-17	114	29	by	by	ADP
gujaf-17	114	30	paying	pay	VERB
gujaf-17	114	31	them	they	PRON
gujaf-17	114	32	correctly	correctly	ADV
gujaf-17	114	33	,	,	PUNCT
gujaf-17	114	34	or	or	CCONJ
gujaf-17	114	35	because	because	SCONJ
gujaf-17	114	36	of	of	ADP
gujaf-17	114	37	heterogenity	heterogenity	NOUN
gujaf-17	114	38	in	in	ADP
gujaf-17	114	39	monitoring	monitoring	NOUN
gujaf-17	114	40	(	(	PUNCT
gujaf-17	114	41	e.g.	e.g.	ADV
gujaf-17	114	42	,	,	PUNCT
gujaf-17	114	43	the	the	DET
gujaf-17	114	44	corporate	corporate	ADJ
gujaf-17	114	45	board	board	NOUN
gujaf-17	114	46	)	)	PUNCT
gujaf-17	114	47	,	,	PUNCT
gujaf-17	114	48	or	or	CCONJ
gujaf-17	114	49	because	because	SCONJ
gujaf-17	114	50	firms	firm	NOUN
gujaf-17	114	51	are	be	AUX
gujaf-17	114	52	never	never	ADV
gujaf-17	114	53	able	able	ADJ
gujaf-17	114	54	to	to	PART
gujaf-17	114	55	monitor	monitor	VERB
gujaf-17	114	56	effectively	effectively	ADV
gujaf-17	114	57	(	(	PUNCT
gujaf-17	114	58	and	and	CCONJ
gujaf-17	114	59	overpay	overpay	VERB
gujaf-17	114	60	)	)	PUNCT
gujaf-17	114	61	although	although	SCONJ
gujaf-17	114	62	the	the	DET
gujaf-17	114	63	researchers	researcher	NOUN
gujaf-17	114	64	were	be	AUX
gujaf-17	114	65	not	not	PART
gujaf-17	114	66	consistent	consistent	ADJ
gujaf-17	114	67	as	as	ADP
gujaf-17	114	68	of	of	ADP
gujaf-17	114	69	their	their	PRON
gujaf-17	114	70	justification	justification	NOUN
gujaf-17	114	71	to	to	ADP
gujaf-17	114	72	their	their	PRON
gujaf-17	114	73	findings	finding	NOUN
gujaf-17	114	74	.	.	PUNCT
gujaf-17	115	1	it	it	PRON
gujaf-17	115	2	is	be	AUX
gujaf-17	115	3	evidenced	evidence	VERB
gujaf-17	115	4	that	that	SCONJ
gujaf-17	115	5	prior	prior	ADJ
gujaf-17	115	6	study	study	NOUN
gujaf-17	115	7	’s	’s	PART
gujaf-17	115	8	findings	finding	NOUN
gujaf-17	115	9	on	on	ADP
gujaf-17	115	10	the	the	DET
gujaf-17	115	11	impact	impact	NOUN
gujaf-17	115	12	of	of	ADP
gujaf-17	115	13	institutional	institutional	ADJ
gujaf-17	115	14	ownership	ownership	NOUN
gujaf-17	115	15	and	and	CCONJ
gujaf-17	115	16	executive	executive	NOUN
gujaf-17	115	17	compensation	compensation	NOUN
gujaf-17	115	18	are	be	AUX
gujaf-17	115	19	inconclusive	inconclusive	ADJ
gujaf-17	115	20	,	,	PUNCT
gujaf-17	115	21	as	as	SCONJ
gujaf-17	115	22	differences	difference	NOUN
gujaf-17	115	23	were	be	AUX
gujaf-17	115	24	recorded	record	VERB
gujaf-17	115	25	from	from	ADP
gujaf-17	115	26	their	their	PRON
gujaf-17	115	27	findings	finding	NOUN
gujaf-17	115	28	and	and	CCONJ
gujaf-17	115	29	focus	focus	NOUN
gujaf-17	115	30	were	be	AUX
gujaf-17	115	31	exclusively	exclusively	ADV
gujaf-17	115	32	on	on	ADP
gujaf-17	115	33	financial	financial	ADJ
gujaf-17	115	34	firms	firm	NOUN
gujaf-17	115	35	but	but	CCONJ
gujaf-17	115	36	the	the	DET
gujaf-17	115	37	focus	focus	NOUN
gujaf-17	115	38	of	of	ADP
gujaf-17	115	39	the	the	DET
gujaf-17	115	40	present	present	ADJ
gujaf-17	115	41	study	study	NOUN
gujaf-17	115	42	is	be	AUX
gujaf-17	115	43	on	on	ADP
gujaf-17	115	44	non	non	ADJ
gujaf-17	115	45	-	-	ADJ
gujaf-17	115	46	financial	financial	ADJ
gujaf-17	115	47	firm	firm	NOUN
gujaf-17	115	48	.	.	PUNCT
gujaf-17	116	1	executive	executive	ADJ
gujaf-17	116	2	ownership	ownership	NOUN
gujaf-17	116	3	and	and	CCONJ
gujaf-17	116	4	executive	executive	NOUN
gujaf-17	116	5	compensation	compensation	NOUN
gujaf-17	116	6	agency	agency	NOUN
gujaf-17	116	7	costs	cost	NOUN
gujaf-17	116	8	arise	arise	VERB
gujaf-17	116	9	where	where	SCONJ
gujaf-17	116	10	managers	manager	NOUN
gujaf-17	116	11	exploit	exploit	VERB
gujaf-17	116	12	their	their	PRON
gujaf-17	116	13	superior	superior	ADJ
gujaf-17	116	14	facts	fact	NOUN
gujaf-17	116	15	to	to	PART
gujaf-17	116	16	maximize	maximize	VERB
gujaf-17	116	17	their	their	PRON
gujaf-17	116	18	own	own	ADJ
gujaf-17	116	19	utility	utility	NOUN
gujaf-17	116	20	.	.	PUNCT
gujaf-17	117	1	where	where	SCONJ
gujaf-17	117	2	the	the	DET
gujaf-17	117	3	ceo	ceo	NOUN
gujaf-17	117	4	has	have	VERB
gujaf-17	117	5	a	a	DET
gujaf-17	117	6	tangible	tangible	ADJ
gujaf-17	117	7	investment	investment	NOUN
gujaf-17	117	8	in	in	ADP
gujaf-17	117	9	the	the	DET
gujaf-17	117	10	company	company	NOUN
gujaf-17	117	11	,	,	PUNCT
gujaf-17	117	12	the	the	DET
gujaf-17	117	13	separation	separation	NOUN
gujaf-17	117	14	between	between	ADP
gujaf-17	117	15	owners	owner	NOUN
gujaf-17	117	16	and	and	CCONJ
gujaf-17	117	17	managers	manager	NOUN
gujaf-17	117	18	is	be	AUX
gujaf-17	117	19	minimized	minimize	VERB
gujaf-17	117	20	and	and	CCONJ
gujaf-17	117	21	should	should	AUX
gujaf-17	117	22	,	,	PUNCT
gujaf-17	117	23	in	in	ADP
gujaf-17	117	24	theory	theory	NOUN
gujaf-17	117	25	,	,	PUNCT
gujaf-17	117	26	lead	lead	VERB
gujaf-17	117	27	to	to	ADP
gujaf-17	117	28	a	a	DET
gujaf-17	117	29	reduction	reduction	NOUN
gujaf-17	117	30	in	in	ADP
gujaf-17	117	31	agency	agency	NOUN
gujaf-17	117	32	problems	problem	NOUN
gujaf-17	117	33	and	and	CCONJ
gujaf-17	117	34	they	they	PRON
gujaf-17	117	35	essentially	essentially	ADV
gujaf-17	117	36	become	become	VERB
gujaf-17	117	37	managementcontrolled	managementcontrolle	VERB
gujaf-17	117	38	-	-	PUNCT
gujaf-17	117	39	and	and	CCONJ
gujaf-17	117	40	-	-	PUNCT
gujaf-17	117	41	owned	own	VERB
gujaf-17	117	42	companies	company	NOUN
gujaf-17	117	43	,	,	PUNCT
gujaf-17	117	44	and	and	CCONJ
gujaf-17	117	45	therefore	therefore	ADV
gujaf-17	117	46	are	be	AUX
gujaf-17	117	47	less	less	ADV
gujaf-17	117	48	subject	subject	ADJ
gujaf-17	117	49	to	to	ADP
gujaf-17	117	50	moral	moral	ADJ
gujaf-17	117	51	hazard	hazard	NOUN
gujaf-17	117	52	problems	problem	NOUN
gujaf-17	117	53	(	(	PUNCT
gujaf-17	117	54	antle	antle	PROPN
gujaf-17	117	55	&	&	CCONJ
gujaf-17	117	56	smith	smith	PROPN
gujaf-17	117	57	,	,	PUNCT
gujaf-17	117	58	1986	1986	NUM
gujaf-17	117	59	)	)	PUNCT
gujaf-17	117	60	.	.	PUNCT
gujaf-17	118	1	conyon	conyon	NOUN
gujaf-17	118	2	&	&	CCONJ
gujaf-17	118	3	leech	leech	NOUN
gujaf-17	118	4	(	(	PUNCT
gujaf-17	118	5	1994	1994	NUM
gujaf-17	118	6	)	)	PUNCT
gujaf-17	118	7	are	be	AUX
gujaf-17	118	8	of	of	ADP
gujaf-17	118	9	the	the	DET
gujaf-17	118	10	notion	notion	NOUN
gujaf-17	118	11	that	that	SCONJ
gujaf-17	118	12	director	director	NOUN
gujaf-17	118	13	ownership	ownership	NOUN
gujaf-17	118	14	can	can	AUX
gujaf-17	118	15	assist	assist	VERB
gujaf-17	118	16	in	in	ADP
gujaf-17	118	17	aligning	align	VERB
gujaf-17	118	18	the	the	DET
gujaf-17	118	19	interests	interest	NOUN
gujaf-17	118	20	of	of	ADP
gujaf-17	118	21	directors	director	NOUN
gujaf-17	118	22	with	with	ADP
gujaf-17	118	23	those	those	PRON
gujaf-17	118	24	of	of	ADP
gujaf-17	118	25	shareholders	shareholder	NOUN
gujaf-17	118	26	.	.	PUNCT
gujaf-17	119	1	that	that	PRON
gujaf-17	119	2	is	be	AUX
gujaf-17	119	3	,	,	PUNCT
gujaf-17	119	4	with	with	ADP
gujaf-17	119	5	higher	high	ADJ
gujaf-17	119	6	director	director	NOUN
gujaf-17	119	7	ownership	ownership	NOUN
gujaf-17	119	8	,	,	PUNCT
gujaf-17	119	9	directors	director	NOUN
gujaf-17	119	10	would	would	AUX
gujaf-17	119	11	be	be	AUX
gujaf-17	119	12	likely	likely	ADJ
gujaf-17	119	13	not	not	PART
gujaf-17	119	14	to	to	PART
gujaf-17	119	15	divert	divert	VERB
gujaf-17	119	16	resources	resource	NOUN
gujaf-17	119	17	away	away	ADV
gujaf-17	119	18	from	from	ADP
gujaf-17	119	19	value	value	NOUN
gujaf-17	119	20	maximization	maximization	NOUN
gujaf-17	119	21	,	,	PUNCT
gujaf-17	119	22	as	as	SCONJ
gujaf-17	119	23	they	they	PRON
gujaf-17	119	24	bear	bear	VERB
gujaf-17	119	25	part	part	NOUN
gujaf-17	119	26	of	of	ADP
gujaf-17	119	27	the	the	DET
gujaf-17	119	28	costs	cost	NOUN
gujaf-17	119	29	of	of	ADP
gujaf-17	119	30	their	their	PRON
gujaf-17	119	31	actions	action	NOUN
gujaf-17	119	32	.	.	PUNCT
gujaf-17	120	1	thus	thus	ADV
gujaf-17	120	2	,	,	PUNCT
gujaf-17	120	3	one	one	PRON
gujaf-17	120	4	would	would	AUX
gujaf-17	120	5	expect	expect	VERB
gujaf-17	120	6	higher	high	ADJ
gujaf-17	120	7	director	director	NOUN
gujaf-17	120	8	shareholdings	shareholding	NOUN
gujaf-17	120	9	might	might	AUX
gujaf-17	120	10	limit	limit	VERB
gujaf-17	120	11	excessive	excessive	ADJ
gujaf-17	120	12	ceo	ceo	NOUN
gujaf-17	120	13	compensation	compensation	NOUN
gujaf-17	120	14	packages	package	NOUN
gujaf-17	120	15	leading	lead	VERB
gujaf-17	120	16	to	to	ADP
gujaf-17	120	17	an	an	DET
gujaf-17	120	18	indirect	indirect	ADJ
gujaf-17	120	19	relationship	relationship	NOUN
gujaf-17	120	20	between	between	ADP
gujaf-17	120	21	director	director	NOUN
gujaf-17	120	22	ownership	ownership	NOUN
gujaf-17	120	23	and	and	CCONJ
gujaf-17	120	24	ceo	ceo	NOUN
gujaf-17	120	25	compensation	compensation	NOUN
gujaf-17	120	26	(	(	PUNCT
gujaf-17	120	27	i.e.	i.e.	X
gujaf-17	120	28	incentive	incentive	NOUN
gujaf-17	120	29	alignment	alignment	NOUN
gujaf-17	120	30	effect	effect	NOUN
gujaf-17	120	31	)	)	PUNCT
gujaf-17	120	32	.	.	PUNCT
gujaf-17	121	1	hence	hence	ADV
gujaf-17	121	2	,	,	PUNCT
gujaf-17	121	3	the	the	DET
gujaf-17	121	4	relationship	relationship	NOUN
gujaf-17	121	5	between	between	ADP
gujaf-17	121	6	directors	director	NOUN
gujaf-17	121	7	’	’	PART
gujaf-17	121	8	ownership	ownership	NOUN
gujaf-17	121	9	and	and	CCONJ
gujaf-17	121	10	the	the	DET
gujaf-17	121	11	alignment	alignment	NOUN
gujaf-17	121	12	of	of	ADP
gujaf-17	121	13	shareholder	shareholder	NOUN
gujaf-17	121	14	and	and	CCONJ
gujaf-17	121	15	directors	director	NOUN
gujaf-17	121	16	’	’	PART
gujaf-17	121	17	interests	interest	NOUN
gujaf-17	121	18	can	can	AUX
gujaf-17	121	19	be	be	AUX
gujaf-17	121	20	non	non	ADJ
gujaf-17	121	21	-	-	ADJ
gujaf-17	121	22	monotonic	monotonic	ADJ
gujaf-17	121	23	,	,	PUNCT
gujaf-17	121	24	meaning	mean	VERB
gujaf-17	121	25	that	that	SCONJ
gujaf-17	121	26	the	the	DET
gujaf-17	121	27	marginal	marginal	ADJ
gujaf-17	121	28	effect	effect	NOUN
gujaf-17	121	29	of	of	ADP
gujaf-17	121	30	increased	increase	VERB
gujaf-17	121	31	directors	director	NOUN
gujaf-17	121	32	’	'	PUNCT
gujaf-17	121	33	share	share	NOUN
gujaf-17	121	34	ownership	ownership	NOUN
gujaf-17	121	35	depends	depend	VERB
gujaf-17	121	36	on	on	ADP
gujaf-17	121	37	the	the	DET
gujaf-17	121	38	current	current	ADJ
gujaf-17	121	39	level	level	NOUN
gujaf-17	121	40	.	.	PUNCT
gujaf-17	122	1	at	at	ADP
gujaf-17	122	2	higher	high	ADJ
gujaf-17	122	3	levels	level	NOUN
gujaf-17	122	4	of	of	ADP
gujaf-17	122	5	directors	director	NOUN
gujaf-17	122	6	’	'	PUNCT
gujaf-17	122	7	ownership	ownership	NOUN
gujaf-17	122	8	,	,	PUNCT
gujaf-17	122	9	outside	outside	ADP
gujaf-17	122	10	investors	investor	NOUN
gujaf-17	122	11	might	might	AUX
gujaf-17	122	12	find	find	VERB
gujaf-17	122	13	it	it	PRON
gujaf-17	122	14	difficult	difficult	ADJ
gujaf-17	122	15	to	to	PART
gujaf-17	122	16	monitor	monitor	VERB
gujaf-17	122	17	the	the	DET
gujaf-17	122	18	directors	director	NOUN
gujaf-17	122	19	’	’	PART
gujaf-17	122	20	behavior	behavior	NOUN
gujaf-17	122	21	since	since	SCONJ
gujaf-17	122	22	higher	high	ADJ
gujaf-17	122	23	ownership	ownership	NOUN
gujaf-17	122	24	gives	give	VERB
gujaf-17	122	25	directors	director	NOUN
gujaf-17	122	26	more	more	ADV
gujaf-17	122	27	direct	direct	ADJ
gujaf-17	122	28	control	control	NOUN
gujaf-17	122	29	over	over	ADP
gujaf-17	122	30	the	the	DET
gujaf-17	122	31	company	company	NOUN
gujaf-17	122	32	,	,	PUNCT
gujaf-17	122	33	increasing	increase	VERB
gujaf-17	122	34	their	their	PRON
gujaf-17	122	35	ability	ability	NOUN
gujaf-17	122	36	to	to	PART
gujaf-17	122	37	resist	resist	VERB
gujaf-17	122	38	outside	outside	ADP
gujaf-17	122	39	investors	investor	NOUN
gujaf-17	122	40	’	’	PART
gujaf-17	122	41	pressures	pressure	NOUN
gujaf-17	122	42	.	.	PUNCT
gujaf-17	123	1	increased	increase	VERB
gujaf-17	123	2	director	director	NOUN
gujaf-17	123	3	ownership	ownership	NOUN
gujaf-17	123	4	can	can	AUX
gujaf-17	123	5	also	also	ADV
gujaf-17	123	6	give	give	VERB
gujaf-17	123	7	directors	director	NOUN
gujaf-17	123	8	greater	great	ADJ
gujaf-17	123	9	voting	voting	NOUN
gujaf-17	123	10	power	power	NOUN
gujaf-17	123	11	and	and	CCONJ
gujaf-17	123	12	control	control	NOUN
gujaf-17	123	13	,	,	PUNCT
gujaf-17	123	14	which	which	PRON
gujaf-17	123	15	could	could	AUX
gujaf-17	123	16	lead	lead	VERB
gujaf-17	123	17	to	to	ADP
gujaf-17	123	18	their	their	PRON
gujaf-17	123	19	entrenchment	entrenchment	NOUN
gujaf-17	123	20	.	.	PUNCT
gujaf-17	124	1	also	also	ADV
gujaf-17	124	2	,	,	PUNCT
gujaf-17	124	3	higher	high	ADJ
gujaf-17	124	4	director	director	NOUN
gujaf-17	124	5	shareholdings	shareholding	NOUN
gujaf-17	124	6	might	might	AUX
gujaf-17	124	7	inhibit	inhibit	VERB
gujaf-17	124	8	the	the	DET
gujaf-17	124	9	external	external	ADJ
gujaf-17	124	10	corporate	corporate	ADJ
gujaf-17	124	11	control	control	NOUN
gujaf-17	124	12	market	market	NOUN
gujaf-17	124	13	and	and	CCONJ
gujaf-17	124	14	,	,	PUNCT
gujaf-17	124	15	in	in	ADP
gujaf-17	124	16	so	so	ADV
gujaf-17	124	17	doing	do	VERB
gujaf-17	124	18	reduce	reduce	VERB
gujaf-17	124	19	the	the	DET
gujaf-17	124	20	effectiveness	effectiveness	NOUN
gujaf-17	124	21	of	of	ADP
gujaf-17	124	22	internal	internal	ADJ
gujaf-17	124	23	monitoring	monitoring	NOUN
gujaf-17	124	24	.	.	PUNCT
gujaf-17	125	1	in	in	ADP
gujaf-17	125	2	another	another	DET
gujaf-17	125	3	development	development	NOUN
gujaf-17	125	4	,	,	PUNCT
gujaf-17	125	5	nulla	nulla	X
gujaf-17	125	6	(	(	PUNCT
gujaf-17	125	7	2013	2013	NUM
gujaf-17	125	8	)	)	PUNCT
gujaf-17	125	9	investigated	investigate	VERB
gujaf-17	125	10	the	the	DET
gujaf-17	125	11	connection	connection	NOUN
gujaf-17	125	12	between	between	ADP
gujaf-17	125	13	ceo	ceo	NOUN
gujaf-17	125	14	cash	cash	NOUN
gujaf-17	125	15	compensation	compensation	NOUN
gujaf-17	125	16	and	and	CCONJ
gujaf-17	125	17	ceo	ceo	NOUN
gujaf-17	125	18	power	power	NOUN
gujaf-17	125	19	,	,	PUNCT
gujaf-17	125	20	which	which	PRON
gujaf-17	125	21	was	be	AUX
gujaf-17	125	22	defined	define	VERB
gujaf-17	125	23	as	as	ADP
gujaf-17	125	24	ceo	ceo	NOUN
gujaf-17	125	25	:	:	PUNCT
gujaf-17	125	26	age	age	NOUN
gujaf-17	125	27	,	,	PUNCT
gujaf-17	125	28	shares	share	NOUN
gujaf-17	125	29	gujaf	gujaf	NOUN
gujaf-17	125	30	:	:	PUNCT
gujaf-17	125	31	gusau	gusau	PROPN
gujaf-17	125	32	journal	journal	NOUN
gujaf-17	125	33	of	of	ADP
gujaf-17	125	34	accounting	accounting	NOUN
gujaf-17	125	35	and	and	CCONJ
gujaf-17	125	36	finance	finance	NOUN
gujaf-17	125	37	,	,	PUNCT
gujaf-17	125	38	vol	vol	NOUN
gujaf-17	125	39	.	.	PUNCT
gujaf-17	126	1	i	i	PRON
gujaf-17	126	2	,	,	PUNCT
gujaf-17	126	3	issue	issue	NOUN
gujaf-17	126	4	1	1	NUM
gujaf-17	126	5	,	,	PUNCT
gujaf-17	126	6	april	april	PROPN
gujaf-17	126	7	,	,	PUNCT
gujaf-17	126	8	2020	2020	NUM
gujaf-17	126	9	issn	issn	VERB
gujaf-17	126	10	2756	2756	NUM
gujaf-17	126	11	-	-	PUNCT
gujaf-17	126	12	665x	665x	NOUN
gujaf-17	126	13	10	10	NUM
gujaf-17	126	14	outstanding	outstanding	ADJ
gujaf-17	126	15	,	,	PUNCT
gujaf-17	126	16	shares	share	NOUN
gujaf-17	126	17	value	value	NOUN
gujaf-17	126	18	,	,	PUNCT
gujaf-17	126	19	tenure	tenure	NOUN
gujaf-17	126	20	,	,	PUNCT
gujaf-17	126	21	turnover	turnover	NOUN
gujaf-17	126	22	,	,	PUNCT
gujaf-17	126	23	5	5	NUM
gujaf-17	126	24	percent	percent	NOUN
gujaf-17	126	25	management	management	NOUN
gujaf-17	126	26	ownership	ownership	NOUN
gujaf-17	126	27	,	,	PUNCT
gujaf-17	126	28	and	and	CCONJ
gujaf-17	126	29	5	5	NUM
gujaf-17	126	30	percent	percent	NOUN
gujaf-17	126	31	individual	individual	ADJ
gujaf-17	126	32	/	/	SYM
gujaf-17	126	33	institutional	institutional	NOUN
gujaf-17	126	34	,	,	PUNCT
gujaf-17	126	35	of	of	ADP
gujaf-17	126	36	120	120	NUM
gujaf-17	126	37	companies	company	NOUN
gujaf-17	126	38	of	of	ADP
gujaf-17	126	39	nyse	nyse	PROPN
gujaf-17	126	40	index	index	NOUN
gujaf-17	126	41	companies	company	NOUN
gujaf-17	126	42	covering	cover	VERB
gujaf-17	126	43	the	the	DET
gujaf-17	126	44	period	period	NOUN
gujaf-17	126	45	2005	2005	NUM
gujaf-17	126	46	to	to	ADP
gujaf-17	126	47	2010	2010	NUM
gujaf-17	126	48	.	.	PUNCT
gujaf-17	127	1	the	the	DET
gujaf-17	127	2	result	result	NOUN
gujaf-17	127	3	showed	show	VERB
gujaf-17	127	4	that	that	SCONJ
gujaf-17	127	5	ceo	ceo	NOUN
gujaf-17	127	6	turnover	turnover	NOUN
gujaf-17	127	7	,	,	PUNCT
gujaf-17	127	8	5	5	NUM
gujaf-17	127	9	percent	percent	NOUN
gujaf-17	127	10	management	management	NOUN
gujaf-17	127	11	-	-	PUNCT
gujaf-17	127	12	controlled	control	VERB
gujaf-17	127	13	and	and	CCONJ
gujaf-17	127	14	5	5	NUM
gujaf-17	127	15	percent	percent	NOUN
gujaf-17	127	16	owner	owner	NOUN
gujaf-17	127	17	-	-	PUNCT
gujaf-17	127	18	managed	manage	VERB
gujaf-17	127	19	,	,	PUNCT
gujaf-17	127	20	had	have	VERB
gujaf-17	127	21	an	an	DET
gujaf-17	127	22	indirect	indirect	ADJ
gujaf-17	127	23	group	group	NOUN
gujaf-17	127	24	firmsized	firmsize	VERB
gujaf-17	127	25	effect	effect	NOUN
gujaf-17	127	26	on	on	ADP
gujaf-17	127	27	ceo	ceo	NOUN
gujaf-17	127	28	cash	cash	NOUN
gujaf-17	127	29	compensation	compensation	NOUN
gujaf-17	127	30	.	.	PUNCT
gujaf-17	128	1	in	in	ADP
gujaf-17	128	2	contrary	contrary	PROPN
gujaf-17	128	3	,	,	PUNCT
gujaf-17	128	4	ceo	ceo	NOUN
gujaf-17	128	5	shares	share	NOUN
gujaf-17	128	6	,	,	PUNCT
gujaf-17	128	7	ceo	ceo	NOUN
gujaf-17	128	8	shares	share	NOUN
gujaf-17	128	9	value	value	NOUN
gujaf-17	128	10	,	,	PUNCT
gujaf-17	128	11	and	and	CCONJ
gujaf-17	128	12	ceo	ceo	NOUN
gujaf-17	128	13	tenure	tenure	NOUN
gujaf-17	128	14	had	have	VERB
gujaf-17	128	15	a	a	DET
gujaf-17	128	16	direct	direct	ADJ
gujaf-17	128	17	group	group	NOUN
gujaf-17	128	18	firm	firm	NOUN
gujaf-17	128	19	-	-	PUNCT
gujaf-17	128	20	sized	sized	ADJ
gujaf-17	128	21	effect	effect	NOUN
gujaf-17	128	22	on	on	ADP
gujaf-17	128	23	ceo	ceo	NOUN
gujaf-17	128	24	cash	cash	NOUN
gujaf-17	128	25	compensation	compensation	NOUN
gujaf-17	128	26	.	.	PUNCT
gujaf-17	129	1	however	however	ADV
gujaf-17	129	2	,	,	PUNCT
gujaf-17	129	3	ceo	ceo	NOUN
gujaf-17	129	4	age	age	NOUN
gujaf-17	129	5	had	have	VERB
gujaf-17	129	6	a	a	DET
gujaf-17	129	7	mixed	mixed	ADJ
gujaf-17	129	8	group	group	NOUN
gujaf-17	129	9	firm	firm	NOUN
gujaf-17	129	10	-	-	PUNCT
gujaf-17	129	11	sized	sized	ADJ
gujaf-17	129	12	effect	effect	NOUN
gujaf-17	129	13	on	on	ADP
gujaf-17	129	14	ceo	ceo	NOUN
gujaf-17	129	15	cash	cash	NOUN
gujaf-17	129	16	compensation	compensation	NOUN
gujaf-17	129	17	,	,	PUNCT
gujaf-17	129	18	but	but	CCONJ
gujaf-17	129	19	the	the	DET
gujaf-17	129	20	study	study	NOUN
gujaf-17	129	21	excluded	exclude	VERB
gujaf-17	129	22	non	non	ADJ
gujaf-17	129	23	-	-	ADJ
gujaf-17	129	24	cash	cash	ADJ
gujaf-17	129	25	components	component	NOUN
gujaf-17	129	26	such	such	ADJ
gujaf-17	129	27	as	as	ADP
gujaf-17	129	28	stock	stock	NOUN
gujaf-17	129	29	options	option	NOUN
gujaf-17	129	30	and	and	CCONJ
gujaf-17	129	31	long	long	ADJ
gujaf-17	129	32	-	-	PUNCT
gujaf-17	129	33	term	term	NOUN
gujaf-17	129	34	benefits	benefit	NOUN
gujaf-17	129	35	from	from	ADP
gujaf-17	129	36	the	the	DET
gujaf-17	129	37	above	above	ADJ
gujaf-17	129	38	reviewed	review	VERB
gujaf-17	129	39	studies	study	NOUN
gujaf-17	129	40	,	,	PUNCT
gujaf-17	129	41	the	the	DET
gujaf-17	129	42	researchers	researcher	NOUN
gujaf-17	129	43	’	’	PART
gujaf-17	129	44	views	view	NOUN
gujaf-17	129	45	were	be	AUX
gujaf-17	129	46	just	just	ADV
gujaf-17	129	47	on	on	ADP
gujaf-17	129	48	the	the	DET
gujaf-17	129	49	shares	share	NOUN
gujaf-17	129	50	held	hold	VERB
gujaf-17	129	51	by	by	ADP
gujaf-17	129	52	the	the	DET
gujaf-17	129	53	ceos	ceos	NOUN
gujaf-17	129	54	but	but	CCONJ
gujaf-17	129	55	this	this	DET
gujaf-17	129	56	study	study	NOUN
gujaf-17	129	57	included	include	VERB
gujaf-17	129	58	all	all	DET
gujaf-17	129	59	the	the	DET
gujaf-17	129	60	shares	share	NOUN
gujaf-17	129	61	held	hold	VERB
gujaf-17	129	62	by	by	ADP
gujaf-17	129	63	the	the	DET
gujaf-17	129	64	executive	executive	ADJ
gujaf-17	129	65	directors	director	NOUN
gujaf-17	129	66	as	as	SCONJ
gujaf-17	129	67	they	they	PRON
gujaf-17	129	68	are	be	AUX
gujaf-17	129	69	also	also	ADV
gujaf-17	129	70	involved	involve	VERB
gujaf-17	129	71	in	in	ADP
gujaf-17	129	72	the	the	DET
gujaf-17	129	73	management	management	NOUN
gujaf-17	129	74	of	of	ADP
gujaf-17	129	75	the	the	DET
gujaf-17	129	76	firm	firm	NOUN
gujaf-17	129	77	.	.	PUNCT
gujaf-17	130	1	board	board	NOUN
gujaf-17	130	2	composition	composition	NOUN
gujaf-17	130	3	and	and	CCONJ
gujaf-17	130	4	executive	executive	NOUN
gujaf-17	130	5	compensation	compensation	PROPN
gujaf-17	130	6	board	board	NOUN
gujaf-17	130	7	composition	composition	NOUN
gujaf-17	130	8	is	be	AUX
gujaf-17	130	9	one	one	NUM
gujaf-17	130	10	of	of	ADP
gujaf-17	130	11	board	board	NOUN
gujaf-17	130	12	characteristics	characteristic	NOUN
gujaf-17	130	13	which	which	PRON
gujaf-17	130	14	might	might	AUX
gujaf-17	130	15	be	be	AUX
gujaf-17	130	16	anticipated	anticipate	VERB
gujaf-17	130	17	to	to	PART
gujaf-17	130	18	play	play	VERB
gujaf-17	130	19	a	a	DET
gujaf-17	130	20	critical	critical	ADJ
gujaf-17	130	21	role	role	NOUN
gujaf-17	130	22	in	in	ADP
gujaf-17	130	23	synchronizing	synchronize	VERB
gujaf-17	130	24	the	the	DET
gujaf-17	130	25	interest	interest	NOUN
gujaf-17	130	26	of	of	ADP
gujaf-17	130	27	the	the	DET
gujaf-17	130	28	managers	manager	NOUN
gujaf-17	130	29	and	and	CCONJ
gujaf-17	130	30	that	that	PRON
gujaf-17	130	31	of	of	ADP
gujaf-17	130	32	the	the	DET
gujaf-17	130	33	shareholders	shareholder	NOUN
gujaf-17	130	34	.	.	PUNCT
gujaf-17	131	1	corporate	corporate	ADJ
gujaf-17	131	2	governance	governance	NOUN
gujaf-17	131	3	structure	structure	NOUN
gujaf-17	131	4	in	in	ADP
gujaf-17	131	5	nigeria	nigeria	PROPN
gujaf-17	131	6	requires	require	VERB
gujaf-17	131	7	that	that	DET
gujaf-17	131	8	number	number	NOUN
gujaf-17	131	9	of	of	ADP
gujaf-17	131	10	non	non	ADJ
gujaf-17	131	11	-	-	ADJ
gujaf-17	131	12	executive	executive	ADJ
gujaf-17	131	13	officers	officer	NOUN
gujaf-17	131	14	on	on	ADP
gujaf-17	131	15	the	the	DET
gujaf-17	131	16	board	board	NOUN
gujaf-17	131	17	should	should	AUX
gujaf-17	131	18	be	be	AUX
gujaf-17	131	19	more	more	ADJ
gujaf-17	131	20	than	than	ADP
gujaf-17	131	21	that	that	PRON
gujaf-17	131	22	of	of	ADP
gujaf-17	131	23	the	the	DET
gujaf-17	131	24	executive	executive	ADJ
gujaf-17	131	25	officers	officer	NOUN
gujaf-17	131	26	.	.	PUNCT
gujaf-17	132	1	also	also	ADV
gujaf-17	132	2	,	,	PUNCT
gujaf-17	132	3	the	the	DET
gujaf-17	132	4	non	non	ADJ
gujaf-17	132	5	-	-	ADJ
gujaf-17	132	6	executive	executive	ADJ
gujaf-17	132	7	officers	officer	NOUN
gujaf-17	132	8	must	must	AUX
gujaf-17	132	9	comprise	comprise	VERB
gujaf-17	132	10	of	of	ADP
gujaf-17	132	11	independent	independent	ADJ
gujaf-17	132	12	directors	director	NOUN
gujaf-17	132	13	appointed	appoint	VERB
gujaf-17	132	14	on	on	ADP
gujaf-17	132	15	the	the	DET
gujaf-17	132	16	basis	basis	NOUN
gujaf-17	132	17	of	of	ADP
gujaf-17	132	18	experience	experience	NOUN
gujaf-17	132	19	and	and	CCONJ
gujaf-17	132	20	competence	competence	NOUN
gujaf-17	132	21	.	.	PUNCT
gujaf-17	133	1	since	since	SCONJ
gujaf-17	133	2	the	the	DET
gujaf-17	133	3	outside	outside	ADJ
gujaf-17	133	4	directors	director	NOUN
gujaf-17	133	5	do	do	AUX
gujaf-17	133	6	not	not	PART
gujaf-17	133	7	possess	possess	VERB
gujaf-17	133	8	any	any	DET
gujaf-17	133	9	interest	interest	NOUN
gujaf-17	133	10	regarding	regard	VERB
gujaf-17	133	11	the	the	DET
gujaf-17	133	12	shareholding	shareholding	NOUN
gujaf-17	133	13	of	of	ADP
gujaf-17	133	14	a	a	DET
gujaf-17	133	15	firm	firm	NOUN
gujaf-17	133	16	,	,	PUNCT
gujaf-17	133	17	in	in	ADP
gujaf-17	133	18	order	order	NOUN
gujaf-17	133	19	to	to	PART
gujaf-17	133	20	maintain	maintain	VERB
gujaf-17	133	21	their	their	PRON
gujaf-17	133	22	reputation	reputation	NOUN
gujaf-17	133	23	,	,	PUNCT
gujaf-17	133	24	they	they	PRON
gujaf-17	133	25	are	be	AUX
gujaf-17	133	26	expected	expect	VERB
gujaf-17	133	27	to	to	PART
gujaf-17	133	28	act	act	VERB
gujaf-17	133	29	in	in	ADP
gujaf-17	133	30	such	such	DET
gujaf-17	133	31	a	a	DET
gujaf-17	133	32	manner	manner	NOUN
gujaf-17	133	33	that	that	PRON
gujaf-17	133	34	maximizes	maximize	VERB
gujaf-17	133	35	the	the	DET
gujaf-17	133	36	value	value	NOUN
gujaf-17	133	37	of	of	ADP
gujaf-17	133	38	the	the	DET
gujaf-17	133	39	organization	organization	NOUN
gujaf-17	133	40	.	.	PUNCT
gujaf-17	134	1	core	core	PROPN
gujaf-17	134	2	&	&	CCONJ
gujaf-17	134	3	guay	guay	PROPN
gujaf-17	134	4	(	(	PUNCT
gujaf-17	134	5	2001	2001	NUM
gujaf-17	134	6	)	)	PUNCT
gujaf-17	134	7	reported	report	VERB
gujaf-17	134	8	a	a	DET
gujaf-17	134	9	direct	direct	ADJ
gujaf-17	134	10	relationship	relationship	NOUN
gujaf-17	134	11	between	between	ADP
gujaf-17	134	12	ceo	ceo	NOUN
gujaf-17	134	13	compensation	compensation	NOUN
gujaf-17	134	14	and	and	CCONJ
gujaf-17	134	15	structure	structure	NOUN
gujaf-17	134	16	of	of	ADP
gujaf-17	134	17	the	the	DET
gujaf-17	134	18	board	board	NOUN
gujaf-17	134	19	of	of	ADP
gujaf-17	134	20	directors	director	NOUN
gujaf-17	134	21	.	.	PUNCT
gujaf-17	135	1	the	the	DET
gujaf-17	135	2	study	study	NOUN
gujaf-17	135	3	reported	report	VERB
gujaf-17	135	4	that	that	SCONJ
gujaf-17	135	5	when	when	SCONJ
gujaf-17	135	6	board	board	NOUN
gujaf-17	135	7	composition	composition	NOUN
gujaf-17	135	8	consists	consist	VERB
gujaf-17	135	9	of	of	ADP
gujaf-17	135	10	independent	independent	ADJ
gujaf-17	135	11	directors	director	NOUN
gujaf-17	135	12	(	(	PUNCT
gujaf-17	135	13	non	non	ADJ
gujaf-17	135	14	-	-	ADJ
gujaf-17	135	15	executive	executive	ADJ
gujaf-17	135	16	directors	director	NOUN
gujaf-17	135	17	)	)	PUNCT
gujaf-17	135	18	,	,	PUNCT
gujaf-17	135	19	ceos	ceo	NOUN
gujaf-17	135	20	have	have	VERB
gujaf-17	135	21	the	the	DET
gujaf-17	135	22	advantage	advantage	NOUN
gujaf-17	135	23	of	of	ADP
gujaf-17	135	24	receiving	receive	VERB
gujaf-17	135	25	a	a	DET
gujaf-17	135	26	higher	high	ADJ
gujaf-17	135	27	compensation	compensation	NOUN
gujaf-17	135	28	.	.	PUNCT
gujaf-17	136	1	this	this	PRON
gujaf-17	136	2	can	can	AUX
gujaf-17	136	3	be	be	AUX
gujaf-17	136	4	due	due	ADJ
gujaf-17	136	5	to	to	ADP
gujaf-17	136	6	the	the	DET
gujaf-17	136	7	fact	fact	NOUN
gujaf-17	136	8	that	that	SCONJ
gujaf-17	136	9	the	the	DET
gujaf-17	136	10	ceo	ceo	NOUN
gujaf-17	136	11	has	have	AUX
gujaf-17	136	12	some	some	DET
gujaf-17	136	13	form	form	NOUN
gujaf-17	136	14	of	of	ADP
gujaf-17	136	15	affiliation	affiliation	NOUN
gujaf-17	136	16	or	or	CCONJ
gujaf-17	136	17	relationship	relationship	NOUN
gujaf-17	136	18	with	with	ADP
gujaf-17	136	19	nonexecutive	nonexecutive	ADJ
gujaf-17	136	20	directors	director	NOUN
gujaf-17	136	21	,	,	PUNCT
gujaf-17	136	22	which	which	PRON
gujaf-17	136	23	can	can	AUX
gujaf-17	136	24	align	align	VERB
gujaf-17	136	25	compensation	compensation	NOUN
gujaf-17	136	26	advantaged	advantage	VERB
gujaf-17	136	27	for	for	ADP
gujaf-17	136	28	the	the	DET
gujaf-17	136	29	ceo	ceo	NOUN
gujaf-17	136	30	.	.	PUNCT
gujaf-17	137	1	fernandes	fernandes	PROPN
gujaf-17	137	2	(	(	PUNCT
gujaf-17	137	3	2005	2005	NUM
gujaf-17	137	4	)	)	PUNCT
gujaf-17	137	5	investigated	investigate	VERB
gujaf-17	137	6	the	the	DET
gujaf-17	137	7	determinants	determinant	NOUN
gujaf-17	137	8	of	of	ADP
gujaf-17	137	9	managerial	managerial	ADJ
gujaf-17	137	10	compensation	compensation	NOUN
gujaf-17	137	11	,	,	PUNCT
gujaf-17	137	12	with	with	ADP
gujaf-17	137	13	emphasis	emphasis	NOUN
gujaf-17	137	14	on	on	ADP
gujaf-17	137	15	the	the	DET
gujaf-17	137	16	relation	relation	NOUN
gujaf-17	137	17	between	between	ADP
gujaf-17	137	18	compensation	compensation	NOUN
gujaf-17	137	19	and	and	CCONJ
gujaf-17	137	20	firm	firm	ADJ
gujaf-17	137	21	performance	performance	NOUN
gujaf-17	137	22	,	,	PUNCT
gujaf-17	137	23	along	along	ADP
gujaf-17	137	24	with	with	ADP
gujaf-17	137	25	analyzing	analyze	VERB
gujaf-17	137	26	the	the	DET
gujaf-17	137	27	role	role	NOUN
gujaf-17	137	28	of	of	ADP
gujaf-17	137	29	non	non	ADJ
gujaf-17	137	30	-	-	ADJ
gujaf-17	137	31	executive	executive	ADJ
gujaf-17	137	32	board	board	NOUN
gujaf-17	137	33	members	member	NOUN
gujaf-17	137	34	in	in	ADP
gujaf-17	137	35	mediating	mediate	VERB
gujaf-17	137	36	shareholders	shareholder	NOUN
gujaf-17	137	37	’	'	PUNCT
gujaf-17	137	38	and	and	CCONJ
gujaf-17	137	39	managers	manager	NOUN
gujaf-17	137	40	’	’	PART
gujaf-17	137	41	relations	relation	NOUN
gujaf-17	137	42	and	and	CCONJ
gujaf-17	137	43	interests	interest	NOUN
gujaf-17	137	44	.	.	PUNCT
gujaf-17	138	1	the	the	DET
gujaf-17	138	2	study	study	NOUN
gujaf-17	138	3	sampled	sample	VERB
gujaf-17	138	4	58	58	NUM
gujaf-17	138	5	companies	company	NOUN
gujaf-17	138	6	that	that	PRON
gujaf-17	138	7	were	be	AUX
gujaf-17	138	8	listed	list	VERB
gujaf-17	138	9	in	in	ADP
gujaf-17	138	10	euro	euro	PROPN
gujaf-17	138	11	next	next	ADJ
gujaf-17	138	12	lisbon	lisbon	PROPN
gujaf-17	138	13	from	from	ADP
gujaf-17	138	14	2002	2002	NUM
gujaf-17	138	15	-	-	SYM
gujaf-17	138	16	2004	2004	NUM
gujaf-17	138	17	.	.	PUNCT
gujaf-17	139	1	the	the	DET
gujaf-17	139	2	result	result	NOUN
gujaf-17	139	3	showed	show	VERB
gujaf-17	139	4	that	that	SCONJ
gujaf-17	139	5	firms	firm	NOUN
gujaf-17	139	6	with	with	ADP
gujaf-17	139	7	more	more	ADJ
gujaf-17	139	8	nonexecutive	nonexecutive	ADJ
gujaf-17	139	9	board	board	NOUN
gujaf-17	139	10	members	member	NOUN
gujaf-17	139	11	pay	pay	VERB
gujaf-17	139	12	higher	high	ADJ
gujaf-17	139	13	wages	wage	NOUN
gujaf-17	139	14	to	to	ADP
gujaf-17	139	15	their	their	PRON
gujaf-17	139	16	executives	executive	NOUN
gujaf-17	139	17	.	.	PUNCT
gujaf-17	140	1	furthermore	furthermore	ADV
gujaf-17	140	2	,	,	PUNCT
gujaf-17	140	3	it	it	PRON
gujaf-17	140	4	also	also	ADV
gujaf-17	140	5	gujaf	gujaf	VERB
gujaf-17	140	6	:	:	PUNCT
gujaf-17	140	7	gusau	gusau	PROPN
gujaf-17	140	8	journal	journal	NOUN
gujaf-17	140	9	of	of	ADP
gujaf-17	140	10	accounting	accounting	NOUN
gujaf-17	140	11	and	and	CCONJ
gujaf-17	140	12	finance	finance	NOUN
gujaf-17	140	13	,	,	PUNCT
gujaf-17	140	14	vol	vol	NOUN
gujaf-17	140	15	.	.	PUNCT
gujaf-17	141	1	i	i	PRON
gujaf-17	141	2	,	,	PUNCT
gujaf-17	141	3	issue	issue	NOUN
gujaf-17	141	4	1	1	NUM
gujaf-17	141	5	,	,	PUNCT
gujaf-17	141	6	april	april	PROPN
gujaf-17	141	7	,	,	PUNCT
gujaf-17	141	8	2020	2020	NUM
gujaf-17	141	9	issn	issn	VERB
gujaf-17	141	10	2756	2756	NUM
gujaf-17	141	11	-	-	PUNCT
gujaf-17	141	12	665x	665x	NOUN
gujaf-17	141	13	11	11	NUM
gujaf-17	141	14	shows	show	VERB
gujaf-17	141	15	that	that	SCONJ
gujaf-17	141	16	firms	firm	NOUN
gujaf-17	141	17	with	with	ADP
gujaf-17	141	18	zero	zero	NUM
gujaf-17	141	19	non	non	ADJ
gujaf-17	141	20	-	-	ADJ
gujaf-17	141	21	executive	executive	ADJ
gujaf-17	141	22	board	board	NOUN
gujaf-17	141	23	members	member	NOUN
gujaf-17	141	24	actually	actually	ADV
gujaf-17	141	25	have	have	VERB
gujaf-17	141	26	a	a	DET
gujaf-17	141	27	stronger	strong	ADJ
gujaf-17	141	28	relationship	relationship	NOUN
gujaf-17	141	29	between	between	ADP
gujaf-17	141	30	executive	executive	NOUN
gujaf-17	141	31	compensation	compensation	NOUN
gujaf-17	141	32	and	and	CCONJ
gujaf-17	141	33	firm	firm	ADJ
gujaf-17	141	34	performance	performance	NOUN
gujaf-17	141	35	and	and	CCONJ
gujaf-17	141	36	have	have	VERB
gujaf-17	141	37	a	a	DET
gujaf-17	141	38	better	well	ADJ
gujaf-17	141	39	alignment	alignment	NOUN
gujaf-17	141	40	of	of	ADP
gujaf-17	141	41	shareholders	shareholder	NOUN
gujaf-17	141	42	’	'	PUNCT
gujaf-17	141	43	,	,	PUNCT
gujaf-17	141	44	although	although	SCONJ
gujaf-17	141	45	the	the	DET
gujaf-17	141	46	study	study	NOUN
gujaf-17	141	47	found	find	VERB
gujaf-17	141	48	no	no	DET
gujaf-17	141	49	relation	relation	NOUN
gujaf-17	141	50	between	between	ADP
gujaf-17	141	51	compensation	compensation	NOUN
gujaf-17	141	52	and	and	CCONJ
gujaf-17	141	53	shareholder	shareholder	NOUN
gujaf-17	141	54	’s	’s	PART
gujaf-17	141	55	wealth	wealth	NOUN
gujaf-17	141	56	thereby	thereby	ADV
gujaf-17	141	57	contradicting	contradict	VERB
gujaf-17	141	58	the	the	DET
gujaf-17	141	59	finding	finding	NOUN
gujaf-17	141	60	of	of	ADP
gujaf-17	141	61	komari	komari	PROPN
gujaf-17	141	62	&	&	CCONJ
gujaf-17	141	63	faisal	faisal	PROPN
gujaf-17	141	64	(	(	PUNCT
gujaf-17	141	65	2007	2007	NUM
gujaf-17	141	66	)	)	PUNCT
gujaf-17	141	67	,	,	PUNCT
gujaf-17	141	68	who	who	PRON
gujaf-17	141	69	reported	report	VERB
gujaf-17	141	70	no	no	DET
gujaf-17	141	71	relationship	relationship	NOUN
gujaf-17	141	72	between	between	ADP
gujaf-17	141	73	independent	independent	ADJ
gujaf-17	141	74	directors	director	NOUN
gujaf-17	141	75	and	and	CCONJ
gujaf-17	141	76	executive	executive	ADJ
gujaf-17	141	77	compensation	compensation	NOUN
gujaf-17	141	78	.	.	PUNCT
gujaf-17	142	1	suherman	suherman	PROPN
gujaf-17	142	2	et	et	PROPN
gujaf-17	142	3	al	al	PROPN
gujaf-17	142	4	(	(	PUNCT
gujaf-17	142	5	2011	2011	NUM
gujaf-17	142	6	)	)	PUNCT
gujaf-17	142	7	investigated	investigate	VERB
gujaf-17	142	8	on	on	ADP
gujaf-17	142	9	the	the	DET
gujaf-17	142	10	question	question	NOUN
gujaf-17	142	11	of	of	ADP
gujaf-17	142	12	whether	whether	SCONJ
gujaf-17	142	13	firm	firm	ADJ
gujaf-17	142	14	performance	performance	NOUN
gujaf-17	142	15	and	and	CCONJ
gujaf-17	142	16	corporate	corporate	ADJ
gujaf-17	142	17	governance	governance	NOUN
gujaf-17	142	18	mechanisms	mechanism	NOUN
gujaf-17	142	19	are	be	AUX
gujaf-17	142	20	determinants	determinant	NOUN
gujaf-17	142	21	of	of	ADP
gujaf-17	142	22	executive	executive	ADJ
gujaf-17	142	23	compensation	compensation	NOUN
gujaf-17	142	24	.	.	PUNCT
gujaf-17	143	1	the	the	DET
gujaf-17	143	2	research	research	NOUN
gujaf-17	143	3	employed	employ	VERB
gujaf-17	143	4	panel	panel	NOUN
gujaf-17	143	5	data	datum	NOUN
gujaf-17	143	6	and	and	CCONJ
gujaf-17	143	7	sampled	sample	VERB
gujaf-17	143	8	13	13	NUM
gujaf-17	143	9	financial	financial	ADJ
gujaf-17	143	10	companies	company	NOUN
gujaf-17	143	11	listed	list	VERB
gujaf-17	143	12	during	during	ADP
gujaf-17	143	13	the	the	DET
gujaf-17	143	14	period	period	NOUN
gujaf-17	143	15	2007	2007	NUM
gujaf-17	143	16	-	-	SYM
gujaf-17	143	17	2009	2009	NUM
gujaf-17	143	18	on	on	ADP
gujaf-17	143	19	indonesian	indonesian	ADJ
gujaf-17	143	20	stock	stock	PROPN
gujaf-17	143	21	exchange	exchange	PROPN
gujaf-17	143	22	.	.	PUNCT
gujaf-17	144	1	the	the	DET
gujaf-17	144	2	result	result	NOUN
gujaf-17	144	3	showed	show	VERB
gujaf-17	144	4	that	that	SCONJ
gujaf-17	144	5	firm	firm	ADJ
gujaf-17	144	6	overall	overall	ADJ
gujaf-17	144	7	performance	performance	NOUN
gujaf-17	144	8	measured	measure	VERB
gujaf-17	144	9	by	by	ADP
gujaf-17	144	10	roa	roa	NOUN
gujaf-17	144	11	and	and	CCONJ
gujaf-17	144	12	the	the	DET
gujaf-17	144	13	proportion	proportion	NOUN
gujaf-17	144	14	of	of	ADP
gujaf-17	144	15	independent	independent	ADJ
gujaf-17	144	16	commissioner	commissioner	NOUN
gujaf-17	144	17	(	(	PUNCT
gujaf-17	144	18	independent	independent	ADJ
gujaf-17	144	19	officers	officer	NOUN
gujaf-17	144	20	)	)	PUNCT
gujaf-17	144	21	affect	affect	VERB
gujaf-17	144	22	the	the	DET
gujaf-17	144	23	executive	executive	ADJ
gujaf-17	144	24	compensation	compensation	NOUN
gujaf-17	144	25	.	.	PUNCT
gujaf-17	145	1	the	the	DET
gujaf-17	145	2	period	period	NOUN
gujaf-17	145	3	of	of	ADP
gujaf-17	145	4	study	study	NOUN
gujaf-17	145	5	is	be	AUX
gujaf-17	145	6	relatively	relatively	ADV
gujaf-17	145	7	small	small	ADJ
gujaf-17	145	8	and	and	CCONJ
gujaf-17	145	9	the	the	DET
gujaf-17	145	10	corporate	corporate	ADJ
gujaf-17	145	11	governance	governance	NOUN
gujaf-17	145	12	mechanisms	mechanism	NOUN
gujaf-17	145	13	could	could	AUX
gujaf-17	145	14	have	have	AUX
gujaf-17	145	15	included	include	VERB
gujaf-17	145	16	more	more	ADJ
gujaf-17	145	17	variables	variable	NOUN
gujaf-17	145	18	like	like	ADP
gujaf-17	145	19	remuneration	remuneration	NOUN
gujaf-17	145	20	committee	committee	NOUN
gujaf-17	145	21	and	and	CCONJ
gujaf-17	145	22	audit	audit	PROPN
gujaf-17	145	23	committee	committee	NOUN
gujaf-17	145	24	to	to	PART
gujaf-17	145	25	examine	examine	VERB
gujaf-17	145	26	any	any	DET
gujaf-17	145	27	possible	possible	ADJ
gujaf-17	145	28	management	management	NOUN
gujaf-17	145	29	of	of	ADP
gujaf-17	145	30	the	the	DET
gujaf-17	145	31	company	company	NOUN
gujaf-17	145	32	’s	’s	PART
gujaf-17	145	33	earning	earning	NOUN
gujaf-17	145	34	.	.	PUNCT
gujaf-17	146	1	muhammed	muhammed	PROPN
gujaf-17	146	2	(	(	PUNCT
gujaf-17	146	3	2015	2015	NUM
gujaf-17	146	4	)	)	PUNCT
gujaf-17	146	5	reported	report	VERB
gujaf-17	146	6	a	a	DET
gujaf-17	146	7	non	non	ADJ
gujaf-17	146	8	-	-	ADJ
gujaf-17	146	9	significant	significant	ADJ
gujaf-17	146	10	relationship	relationship	NOUN
gujaf-17	146	11	between	between	ADP
gujaf-17	146	12	board	board	NOUN
gujaf-17	146	13	independence	independence	NOUN
gujaf-17	146	14	and	and	CCONJ
gujaf-17	146	15	ceo	ceo	NOUN
gujaf-17	146	16	pay	pay	NOUN
gujaf-17	146	17	in	in	ADP
gujaf-17	146	18	a	a	DET
gujaf-17	146	19	study	study	NOUN
gujaf-17	146	20	of	of	ADP
gujaf-17	146	21	nigerian	nigerian	ADJ
gujaf-17	146	22	money	money	NOUN
gujaf-17	146	23	deposit	deposit	NOUN
gujaf-17	146	24	banks	bank	NOUN
gujaf-17	146	25	(	(	PUNCT
gujaf-17	146	26	mdbs	mdbs	X
gujaf-17	146	27	)	)	PUNCT
gujaf-17	146	28	in	in	ADP
gujaf-17	146	29	order	order	NOUN
gujaf-17	146	30	to	to	PART
gujaf-17	146	31	investigate	investigate	VERB
gujaf-17	146	32	the	the	DET
gujaf-17	146	33	controversy	controversy	NOUN
gujaf-17	146	34	as	as	ADP
gujaf-17	146	35	to	to	ADP
gujaf-17	146	36	whether	whether	SCONJ
gujaf-17	146	37	executive	executive	ADJ
gujaf-17	146	38	compensation	compensation	NOUN
gujaf-17	146	39	can	can	AUX
gujaf-17	146	40	be	be	AUX
gujaf-17	146	41	explained	explain	VERB
gujaf-17	146	42	by	by	ADP
gujaf-17	146	43	the	the	DET
gujaf-17	146	44	underlying	underlie	VERB
gujaf-17	146	45	performance	performance	NOUN
gujaf-17	146	46	of	of	ADP
gujaf-17	146	47	the	the	DET
gujaf-17	146	48	banks	bank	NOUN
gujaf-17	146	49	they	they	PRON
gujaf-17	146	50	are	be	AUX
gujaf-17	146	51	managing	manage	VERB
gujaf-17	146	52	and	and	CCONJ
gujaf-17	146	53	thus	thus	ADV
gujaf-17	146	54	a	a	DET
gujaf-17	146	55	reflection	reflection	NOUN
gujaf-17	146	56	of	of	ADP
gujaf-17	146	57	optimal	optimal	ADJ
gujaf-17	146	58	contracting	contracting	NOUN
gujaf-17	146	59	or	or	CCONJ
gujaf-17	146	60	managerial	managerial	ADJ
gujaf-17	146	61	power	power	NOUN
gujaf-17	146	62	.	.	PUNCT
gujaf-17	147	1	the	the	DET
gujaf-17	147	2	study	study	NOUN
gujaf-17	147	3	sampled	sample	VERB
gujaf-17	147	4	nine	nine	NUM
gujaf-17	147	5	deposit	deposit	NOUN
gujaf-17	147	6	money	money	NOUN
gujaf-17	147	7	banks	bank	NOUN
gujaf-17	147	8	over	over	ADP
gujaf-17	147	9	the	the	DET
gujaf-17	147	10	period	period	NOUN
gujaf-17	147	11	2006	2006	NUM
gujaf-17	147	12	-	-	SYM
gujaf-17	147	13	2012	2012	NUM
gujaf-17	147	14	.	.	PUNCT
gujaf-17	148	1	the	the	DET
gujaf-17	148	2	result	result	NOUN
gujaf-17	148	3	of	of	ADP
gujaf-17	148	4	the	the	DET
gujaf-17	148	5	study	study	NOUN
gujaf-17	148	6	was	be	AUX
gujaf-17	148	7	consistence	consistence	NOUN
gujaf-17	148	8	with	with	ADP
gujaf-17	148	9	core	core	NOUN
gujaf-17	148	10	,	,	PUNCT
gujaf-17	148	11	holthasusen	holthasusen	NOUN
gujaf-17	148	12	&	&	CCONJ
gujaf-17	148	13	larcker	larcker	PROPN
gujaf-17	148	14	(	(	PUNCT
gujaf-17	148	15	1999	1999	NUM
gujaf-17	148	16	)	)	PUNCT
gujaf-17	148	17	and	and	CCONJ
gujaf-17	148	18	contradicts	contradict	VERB
gujaf-17	148	19	seok	seok	PROPN
gujaf-17	148	20	,	,	PUNCT
gujaf-17	148	21	lee	lee	PROPN
gujaf-17	148	22	&	&	CCONJ
gujaf-17	148	23	kang	kang	PROPN
gujaf-17	148	24	(	(	PUNCT
gujaf-17	148	25	2012	2012	NUM
gujaf-17	148	26	)	)	PUNCT
gujaf-17	148	27	,	,	PUNCT
gujaf-17	148	28	because	because	SCONJ
gujaf-17	148	29	it	it	PRON
gujaf-17	148	30	reported	report	VERB
gujaf-17	148	31	that	that	SCONJ
gujaf-17	148	32	the	the	DET
gujaf-17	148	33	more	more	ADV
gujaf-17	148	34	independent	independent	ADJ
gujaf-17	148	35	a	a	DET
gujaf-17	148	36	board	board	NOUN
gujaf-17	148	37	is	be	AUX
gujaf-17	148	38	,	,	PUNCT
gujaf-17	148	39	the	the	PRON
gujaf-17	148	40	greater	great	ADJ
gujaf-17	148	41	the	the	DET
gujaf-17	148	42	total	total	ADJ
gujaf-17	148	43	,	,	PUNCT
gujaf-17	148	44	incentive	incentive	NOUN
gujaf-17	148	45	,	,	PUNCT
gujaf-17	148	46	and	and	CCONJ
gujaf-17	148	47	fixed	fix	VERB
gujaf-17	148	48	pay	pay	NOUN
gujaf-17	148	49	to	to	ADP
gujaf-17	148	50	the	the	DET
gujaf-17	148	51	ceo	ceo	NOUN
gujaf-17	148	52	.	.	PROPN
gujaf-17	148	53	board	board	NOUN
gujaf-17	148	54	size	size	NOUN
gujaf-17	148	55	and	and	CCONJ
gujaf-17	148	56	executive	executive	NOUN
gujaf-17	148	57	compensation	compensation	NOUN
gujaf-17	148	58	seok	seok	PROPN
gujaf-17	148	59	et	et	PROPN
gujaf-17	148	60	al	al	PROPN
gujaf-17	148	61	(	(	PUNCT
gujaf-17	148	62	2012	2012	NUM
gujaf-17	148	63	)	)	PUNCT
gujaf-17	148	64	investigated	investigate	VERB
gujaf-17	148	65	the	the	DET
gujaf-17	148	66	correlation	correlation	NOUN
gujaf-17	148	67	between	between	ADP
gujaf-17	148	68	the	the	DET
gujaf-17	148	69	quality	quality	NOUN
gujaf-17	148	70	of	of	ADP
gujaf-17	148	71	boards	board	NOUN
gujaf-17	148	72	,	,	PUNCT
gujaf-17	148	73	and	and	CCONJ
gujaf-17	148	74	pay	pay	VERB
gujaf-17	148	75	allocation	allocation	NOUN
gujaf-17	148	76	of	of	ADP
gujaf-17	148	77	executive	executive	ADJ
gujaf-17	148	78	teams	team	NOUN
gujaf-17	148	79	.	.	PUNCT
gujaf-17	149	1	data	datum	NOUN
gujaf-17	149	2	were	be	AUX
gujaf-17	149	3	collected	collect	VERB
gujaf-17	149	4	from	from	ADP
gujaf-17	149	5	risk	risk	NOUN
gujaf-17	149	6	metrics	metric	NOUN
gujaf-17	149	7	consisting	consist	VERB
gujaf-17	149	8	largely	largely	ADV
gujaf-17	149	9	of	of	ADP
gujaf-17	149	10	s&p	s&p	PROPN
gujaf-17	149	11	major	major	ADJ
gujaf-17	149	12	index	index	NOUN
gujaf-17	149	13	firms	firm	NOUN
gujaf-17	149	14	about	about	ADP
gujaf-17	149	15	the	the	DET
gujaf-17	149	16	directors	director	NOUN
gujaf-17	149	17	from	from	ADP
gujaf-17	149	18	1996	1996	NUM
gujaf-17	149	19	-	-	SYM
gujaf-17	149	20	2006	2006	NUM
gujaf-17	149	21	.	.	PUNCT
gujaf-17	150	1	their	their	PRON
gujaf-17	150	2	findings	finding	NOUN
gujaf-17	150	3	showed	show	VERB
gujaf-17	150	4	that	that	SCONJ
gujaf-17	150	5	board	board	NOUN
gujaf-17	150	6	size	size	NOUN
gujaf-17	150	7	is	be	AUX
gujaf-17	150	8	negatively	negatively	ADV
gujaf-17	150	9	related	relate	VERB
gujaf-17	150	10	to	to	ADP
gujaf-17	150	11	executive	executive	ADJ
gujaf-17	150	12	compensation	compensation	NOUN
gujaf-17	150	13	,	,	PUNCT
gujaf-17	150	14	which	which	PRON
gujaf-17	150	15	is	be	AUX
gujaf-17	150	16	consistent	consistent	ADJ
gujaf-17	150	17	with	with	ADP
gujaf-17	150	18	the	the	DET
gujaf-17	150	19	study	study	NOUN
gujaf-17	150	20	of	of	ADP
gujaf-17	150	21	faleye	faleye	NOUN
gujaf-17	150	22	,	,	PUNCT
gujaf-17	150	23	hoitash	hoitash	PROPN
gujaf-17	150	24	&	&	CCONJ
gujaf-17	150	25	hoitash	hoitash	PROPN
gujaf-17	150	26	(	(	PUNCT
gujaf-17	150	27	2011	2011	NUM
gujaf-17	150	28	)	)	PUNCT
gujaf-17	150	29	,	,	PUNCT
gujaf-17	150	30	but	but	CCONJ
gujaf-17	150	31	in	in	ADP
gujaf-17	150	32	contrast	contrast	NOUN
gujaf-17	150	33	to	to	ADP
gujaf-17	150	34	core	core	NOUN
gujaf-17	150	35	et	et	PROPN
gujaf-17	150	36	al	al	PROPN
gujaf-17	150	37	(	(	PUNCT
gujaf-17	150	38	1999	1999	NUM
gujaf-17	150	39	)	)	PUNCT
gujaf-17	150	40	who	who	PRON
gujaf-17	150	41	reported	report	VERB
gujaf-17	150	42	a	a	DET
gujaf-17	150	43	direct	direct	ADJ
gujaf-17	150	44	correlation	correlation	NOUN
gujaf-17	150	45	between	between	ADP
gujaf-17	150	46	board	board	NOUN
gujaf-17	150	47	size	size	NOUN
gujaf-17	150	48	and	and	CCONJ
gujaf-17	150	49	ceo	ceo	NOUN
gujaf-17	150	50	compensation	compensation	NOUN
gujaf-17	150	51	with	with	ADP
gujaf-17	150	52	a	a	DET
gujaf-17	150	53	sample	sample	NOUN
gujaf-17	150	54	from	from	ADP
gujaf-17	150	55	1982	1982	NUM
gujaf-17	150	56	to	to	ADP
gujaf-17	150	57	1984	1984	NUM
gujaf-17	150	58	.	.	PUNCT
gujaf-17	151	1	in	in	ADP
gujaf-17	151	2	a	a	DET
gujaf-17	151	3	study	study	NOUN
gujaf-17	151	4	of	of	ADP
gujaf-17	151	5	ceo	ceo	NOUN
gujaf-17	151	6	compensation	compensation	NOUN
gujaf-17	151	7	in	in	ADP
gujaf-17	151	8	money	money	NOUN
gujaf-17	151	9	deposit	deposit	NOUN
gujaf-17	151	10	banks	bank	NOUN
gujaf-17	151	11	in	in	ADP
gujaf-17	151	12	nigeria	nigeria	PROPN
gujaf-17	151	13	:	:	PUNCT
gujaf-17	151	14	optimal	optimal	ADJ
gujaf-17	151	15	contracting	contracting	NOUN
gujaf-17	151	16	or	or	CCONJ
gujaf-17	151	17	managerial	managerial	ADJ
gujaf-17	151	18	power	power	NOUN
gujaf-17	151	19	carried	carry	VERB
gujaf-17	151	20	out	out	ADP
gujaf-17	151	21	by	by	ADP
gujaf-17	151	22	muhammed	muhammed	PROPN
gujaf-17	151	23	(	(	PUNCT
gujaf-17	151	24	2015	2015	NUM
gujaf-17	151	25	)	)	PUNCT
gujaf-17	151	26	to	to	PART
gujaf-17	151	27	examine	examine	VERB
gujaf-17	151	28	gujaf	gujaf	NOUN
gujaf-17	151	29	:	:	PUNCT
gujaf-17	151	30	gusau	gusau	PROPN
gujaf-17	151	31	journal	journal	NOUN
gujaf-17	151	32	of	of	ADP
gujaf-17	151	33	accounting	accounting	NOUN
gujaf-17	151	34	and	and	CCONJ
gujaf-17	151	35	finance	finance	NOUN
gujaf-17	151	36	,	,	PUNCT
gujaf-17	151	37	vol	vol	NOUN
gujaf-17	151	38	.	.	PUNCT
gujaf-17	152	1	i	i	PRON
gujaf-17	152	2	,	,	PUNCT
gujaf-17	152	3	issue	issue	NOUN
gujaf-17	152	4	1	1	NUM
gujaf-17	152	5	,	,	PUNCT
gujaf-17	152	6	april	april	PROPN
gujaf-17	152	7	,	,	PUNCT
gujaf-17	152	8	2020	2020	NUM
gujaf-17	152	9	issn	issn	VERB
gujaf-17	152	10	2756	2756	NUM
gujaf-17	152	11	-	-	PUNCT
gujaf-17	152	12	665x	665x	NOUN
gujaf-17	152	13	12	12	NUM
gujaf-17	152	14	whether	whether	SCONJ
gujaf-17	152	15	ceo	ceo	NOUN
gujaf-17	152	16	compensations	compensation	NOUN
gujaf-17	152	17	are	be	AUX
gujaf-17	152	18	a	a	DET
gujaf-17	152	19	reflection	reflection	NOUN
gujaf-17	152	20	of	of	ADP
gujaf-17	152	21	the	the	DET
gujaf-17	152	22	bank	bank	NOUN
gujaf-17	152	23	’s	’s	PART
gujaf-17	152	24	financial	financial	ADJ
gujaf-17	152	25	performance	performance	NOUN
gujaf-17	152	26	.	.	PUNCT
gujaf-17	153	1	among	among	ADP
gujaf-17	153	2	the	the	DET
gujaf-17	153	3	results	result	NOUN
gujaf-17	153	4	reported	report	VERB
gujaf-17	153	5	,	,	PUNCT
gujaf-17	153	6	board	board	NOUN
gujaf-17	153	7	size	size	NOUN
gujaf-17	153	8	was	be	AUX
gujaf-17	153	9	found	find	VERB
gujaf-17	153	10	not	not	PART
gujaf-17	153	11	to	to	PART
gujaf-17	153	12	be	be	AUX
gujaf-17	153	13	related	relate	VERB
gujaf-17	153	14	to	to	ADP
gujaf-17	153	15	ceo	ceo	NOUN
gujaf-17	153	16	compensation	compensation	NOUN
gujaf-17	153	17	,	,	PUNCT
gujaf-17	153	18	despite	despite	SCONJ
gujaf-17	153	19	the	the	DET
gujaf-17	153	20	overall	overall	ADJ
gujaf-17	153	21	result	result	NOUN
gujaf-17	153	22	favouring	favour	VERB
gujaf-17	153	23	managerial	managerial	ADJ
gujaf-17	153	24	power	power	NOUN
gujaf-17	153	25	to	to	PART
gujaf-17	153	26	ceo	ceo	NOUN
gujaf-17	153	27	pay	pay	NOUN
gujaf-17	153	28	.	.	PUNCT
gujaf-17	154	1	this	this	DET
gujaf-17	154	2	result	result	NOUN
gujaf-17	154	3	contradicts	contradict	VERB
gujaf-17	154	4	the	the	DET
gujaf-17	154	5	findings	finding	NOUN
gujaf-17	154	6	of	of	ADP
gujaf-17	154	7	gregg	gregg	PROPN
gujaf-17	154	8	et	et	PROPN
gujaf-17	154	9	al	al	PROPN
gujaf-17	154	10	(	(	PUNCT
gujaf-17	154	11	2011	2011	NUM
gujaf-17	154	12	)	)	PUNCT
gujaf-17	154	13	and	and	CCONJ
gujaf-17	154	14	sigler	sigler	PROPN
gujaf-17	154	15	(	(	PUNCT
gujaf-17	154	16	2011	2011	NUM
gujaf-17	154	17	)	)	PUNCT
gujaf-17	154	18	that	that	PRON
gujaf-17	154	19	found	find	VERB
gujaf-17	154	20	size	size	NOUN
gujaf-17	154	21	to	to	PART
gujaf-17	154	22	be	be	AUX
gujaf-17	154	23	positively	positively	ADV
gujaf-17	154	24	associated	associate	VERB
gujaf-17	154	25	with	with	ADP
gujaf-17	154	26	ceo	ceo	NOUN
gujaf-17	154	27	compensation	compensation	NOUN
gujaf-17	154	28	,	,	PUNCT
gujaf-17	154	29	which	which	PRON
gujaf-17	154	30	of	of	ADP
gujaf-17	154	31	course	course	NOUN
gujaf-17	154	32	portray	portray	VERB
gujaf-17	154	33	the	the	DET
gujaf-17	154	34	point	point	NOUN
gujaf-17	154	35	made	make	VERB
gujaf-17	154	36	by	by	ADP
gujaf-17	154	37	jensen	jensen	PROPN
gujaf-17	154	38	(	(	PUNCT
gujaf-17	154	39	1993	1993	NUM
gujaf-17	154	40	)	)	PUNCT
gujaf-17	154	41	that	that	SCONJ
gujaf-17	154	42	larger	large	ADJ
gujaf-17	154	43	boards	board	NOUN
gujaf-17	154	44	are	be	AUX
gujaf-17	154	45	ineffective	ineffective	ADJ
gujaf-17	154	46	.	.	PUNCT
gujaf-17	155	1	the	the	DET
gujaf-17	155	2	theoretical	theoretical	ADJ
gujaf-17	155	3	framework	framework	NOUN
gujaf-17	155	4	that	that	PRON
gujaf-17	155	5	best	well	ADV
gujaf-17	155	6	explained	explain	VERB
gujaf-17	155	7	the	the	DET
gujaf-17	155	8	relationship	relationship	NOUN
gujaf-17	155	9	among	among	ADP
gujaf-17	155	10	the	the	DET
gujaf-17	155	11	variables	variable	NOUN
gujaf-17	155	12	of	of	ADP
gujaf-17	155	13	study	study	NOUN
gujaf-17	155	14	is	be	AUX
gujaf-17	155	15	optimal	optimal	ADJ
gujaf-17	155	16	contracting	contracting	NOUN
gujaf-17	155	17	approach	approach	NOUN
gujaf-17	155	18	of	of	ADP
gujaf-17	155	19	agency	agency	NOUN
gujaf-17	155	20	theory	theory	NOUN
gujaf-17	155	21	.	.	PUNCT
gujaf-17	156	1	this	this	DET
gujaf-17	156	2	theory	theory	NOUN
gujaf-17	156	3	views	view	VERB
gujaf-17	156	4	executive	executive	ADJ
gujaf-17	156	5	compensation	compensation	NOUN
gujaf-17	156	6	as	as	ADP
gujaf-17	156	7	a	a	DET
gujaf-17	156	8	means	mean	NOUN
gujaf-17	156	9	for	for	ADP
gujaf-17	156	10	enforcing	enforce	VERB
gujaf-17	156	11	the	the	DET
gujaf-17	156	12	agency	agency	NOUN
gujaf-17	156	13	contract	contract	NOUN
gujaf-17	156	14	between	between	ADP
gujaf-17	156	15	a	a	DET
gujaf-17	156	16	principal	principal	NOUN
gujaf-17	156	17	and	and	CCONJ
gujaf-17	156	18	an	an	DET
gujaf-17	156	19	agent	agent	NOUN
gujaf-17	156	20	,	,	PUNCT
gujaf-17	156	21	and	and	CCONJ
gujaf-17	156	22	thereby	thereby	ADV
gujaf-17	156	23	solving	solve	VERB
gujaf-17	156	24	agency	agency	NOUN
gujaf-17	156	25	problems	problem	NOUN
gujaf-17	156	26	between	between	ADP
gujaf-17	156	27	shareholders	shareholder	NOUN
gujaf-17	156	28	and	and	CCONJ
gujaf-17	156	29	executives	executive	NOUN
gujaf-17	156	30	,	,	PUNCT
gujaf-17	156	31	notably	notably	ADV
gujaf-17	156	32	through	through	ADP
gujaf-17	156	33	a	a	DET
gujaf-17	156	34	process	process	NOUN
gujaf-17	156	35	of	of	ADP
gujaf-17	156	36	alignment	alignment	NOUN
gujaf-17	156	37	managers	manager	NOUN
gujaf-17	156	38	’	'	PUNCT
gujaf-17	156	39	interests	interest	NOUN
gujaf-17	156	40	with	with	ADP
gujaf-17	156	41	shareholders	shareholder	NOUN
gujaf-17	156	42	’	'	PUNCT
gujaf-17	156	43	interests	interest	NOUN
gujaf-17	156	44	(	(	PUNCT
gujaf-17	156	45	grabke	grabke	NOUN
gujaf-17	156	46	-	-	PUNCT
gujaf-17	156	47	rundell	rundell	NOUN
gujaf-17	156	48	&	&	CCONJ
gujaf-17	156	49	gomez	gomez	PROPN
gujaf-17	156	50	-	-	PUNCT
gujaf-17	156	51	mejia	mejia	PROPN
gujaf-17	156	52	,	,	PUNCT
gujaf-17	156	53	2002	2002	NUM
gujaf-17	156	54	)	)	PUNCT
gujaf-17	156	55	.	.	PUNCT
gujaf-17	157	1	in	in	ADP
gujaf-17	157	2	order	order	NOUN
gujaf-17	157	3	to	to	PART
gujaf-17	157	4	motivate	motivate	VERB
gujaf-17	157	5	executives	executive	NOUN
gujaf-17	157	6	to	to	PART
gujaf-17	157	7	perform	perform	VERB
gujaf-17	157	8	as	as	ADV
gujaf-17	157	9	effectively	effectively	ADV
gujaf-17	157	10	as	as	ADP
gujaf-17	157	11	possible	possible	ADJ
gujaf-17	157	12	and	and	CCONJ
gujaf-17	157	13	according	accord	VERB
gujaf-17	157	14	to	to	ADP
gujaf-17	157	15	the	the	DET
gujaf-17	157	16	interests	interest	NOUN
gujaf-17	157	17	of	of	ADP
gujaf-17	157	18	shareholders	shareholder	NOUN
gujaf-17	157	19	,	,	PUNCT
gujaf-17	157	20	risks	risk	NOUN
gujaf-17	157	21	are	be	AUX
gujaf-17	157	22	transferred	transfer	VERB
gujaf-17	157	23	to	to	ADP
gujaf-17	157	24	risk	risk	NOUN
gujaf-17	157	25	-	-	PUNCT
gujaf-17	157	26	averse	averse	ADJ
gujaf-17	157	27	executives	executive	NOUN
gujaf-17	157	28	through	through	ADP
gujaf-17	157	29	incentive	incentive	NOUN
gujaf-17	157	30	-	-	PUNCT
gujaf-17	157	31	based	base	VERB
gujaf-17	157	32	compensation	compensation	NOUN
gujaf-17	157	33	packages	package	NOUN
gujaf-17	157	34	.	.	PUNCT
gujaf-17	158	1	consequently	consequently	ADV
gujaf-17	158	2	,	,	PUNCT
gujaf-17	158	3	the	the	DET
gujaf-17	158	4	optimal	optimal	ADJ
gujaf-17	158	5	contract	contract	NOUN
gujaf-17	158	6	theory	theory	NOUN
gujaf-17	158	7	considers	consider	VERB
gujaf-17	158	8	determination	determination	NOUN
gujaf-17	158	9	of	of	ADP
gujaf-17	158	10	compensation	compensation	NOUN
gujaf-17	158	11	as	as	ADP
gujaf-17	158	12	a	a	DET
gujaf-17	158	13	question	question	NOUN
gujaf-17	158	14	of	of	ADP
gujaf-17	158	15	“	"	PUNCT
gujaf-17	158	16	pay	pay	NOUN
gujaf-17	158	17	design	design	NOUN
gujaf-17	158	18	”	"	PUNCT
gujaf-17	158	19	which	which	PRON
gujaf-17	158	20	will	will	AUX
gujaf-17	158	21	,	,	PUNCT
gujaf-17	158	22	in	in	ADP
gujaf-17	158	23	the	the	DET
gujaf-17	158	24	optimal	optimal	ADJ
gujaf-17	158	25	case	case	NOUN
gujaf-17	158	26	minimize	minimize	VERB
gujaf-17	158	27	agency	agency	NOUN
gujaf-17	158	28	costs	cost	NOUN
gujaf-17	158	29	.	.	PUNCT
gujaf-17	159	1	it	it	PRON
gujaf-17	159	2	integrates	integrate	VERB
gujaf-17	159	3	the	the	DET
gujaf-17	159	4	agency	agency	NOUN
gujaf-17	159	5	theory	theory	NOUN
gujaf-17	159	6	perspective	perspective	NOUN
gujaf-17	159	7	of	of	ADP
gujaf-17	159	8	jensen	jensen	PROPN
gujaf-17	159	9	and	and	CCONJ
gujaf-17	159	10	meckling	meckling	NOUN
gujaf-17	159	11	(	(	PUNCT
gujaf-17	159	12	1976	1976	NUM
gujaf-17	159	13	)	)	PUNCT
gujaf-17	159	14	that	that	SCONJ
gujaf-17	159	15	proper	proper	ADJ
gujaf-17	159	16	incentivization	incentivization	NOUN
gujaf-17	159	17	(	(	PUNCT
gujaf-17	159	18	bonus	bonus	NOUN
gujaf-17	159	19	)	)	PUNCT
gujaf-17	159	20	of	of	ADP
gujaf-17	159	21	the	the	DET
gujaf-17	159	22	agent	agent	NOUN
gujaf-17	159	23	(	(	PUNCT
gujaf-17	159	24	executive	executive	ADJ
gujaf-17	159	25	directors	director	NOUN
gujaf-17	159	26	)	)	PUNCT
gujaf-17	159	27	through	through	AUX
gujaf-17	159	28	pay	pay	VERB
gujaf-17	159	29	together	together	ADV
gujaf-17	159	30	with	with	ADP
gujaf-17	159	31	appropriate	appropriate	ADJ
gujaf-17	159	32	monitoring	monitoring	NOUN
gujaf-17	159	33	(	(	PUNCT
gujaf-17	159	34	ownership	ownership	NOUN
gujaf-17	159	35	structure	structure	NOUN
gujaf-17	159	36	and	and	CCONJ
gujaf-17	159	37	board	board	NOUN
gujaf-17	159	38	of	of	ADP
gujaf-17	159	39	director	director	NOUN
gujaf-17	159	40	characteristics	characteristic	NOUN
gujaf-17	159	41	)	)	PUNCT
gujaf-17	159	42	will	will	AUX
gujaf-17	159	43	make	make	VERB
gujaf-17	159	44	him	he	PRON
gujaf-17	159	45	act	act	VERB
gujaf-17	159	46	in	in	ADP
gujaf-17	159	47	utmost	utmost	ADJ
gujaf-17	159	48	interest	interest	NOUN
gujaf-17	159	49	of	of	ADP
gujaf-17	159	50	the	the	DET
gujaf-17	159	51	owners	owner	NOUN
gujaf-17	159	52	.	.	PUNCT
gujaf-17	160	1	thereby	thereby	ADV
gujaf-17	160	2	,	,	PUNCT
gujaf-17	160	3	the	the	DET
gujaf-17	160	4	optimal	optimal	ADJ
gujaf-17	160	5	contracting	contracting	NOUN
gujaf-17	160	6	theory	theory	NOUN
gujaf-17	160	7	implies	imply	VERB
gujaf-17	160	8	that	that	SCONJ
gujaf-17	160	9	executive	executive	ADJ
gujaf-17	160	10	compensation	compensation	NOUN
gujaf-17	160	11	contracts	contract	NOUN
gujaf-17	160	12	are	be	AUX
gujaf-17	160	13	usually	usually	ADV
gujaf-17	160	14	bargained	bargain	VERB
gujaf-17	160	15	at	at	ADP
gujaf-17	160	16	arms	arm	NOUN
gujaf-17	160	17	’	'	PUNCT
gujaf-17	160	18	length	length	NOUN
gujaf-17	160	19	between	between	ADP
gujaf-17	160	20	the	the	DET
gujaf-17	160	21	board	board	NOUN
gujaf-17	160	22	of	of	ADP
gujaf-17	160	23	directors	director	NOUN
gujaf-17	160	24	and	and	CCONJ
gujaf-17	160	25	the	the	DET
gujaf-17	160	26	executives	executive	NOUN
gujaf-17	160	27	;	;	PUNCT
gujaf-17	160	28	compensation	compensation	NOUN
gujaf-17	160	29	levels	level	NOUN
gujaf-17	160	30	would	would	AUX
gujaf-17	160	31	be	be	AUX
gujaf-17	160	32	the	the	DET
gujaf-17	160	33	output	output	NOUN
gujaf-17	160	34	on	on	ADP
gujaf-17	160	35	market	market	NOUN
gujaf-17	160	36	forces	force	NOUN
gujaf-17	160	37	;	;	PUNCT
gujaf-17	160	38	and	and	CCONJ
gujaf-17	160	39	the	the	DET
gujaf-17	160	40	structure	structure	NOUN
gujaf-17	160	41	of	of	ADP
gujaf-17	160	42	executive	executive	ADJ
gujaf-17	160	43	compensation	compensation	NOUN
gujaf-17	160	44	would	would	AUX
gujaf-17	160	45	reflect	reflect	VERB
gujaf-17	160	46	the	the	DET
gujaf-17	160	47	intention	intention	NOUN
gujaf-17	160	48	to	to	PART
gujaf-17	160	49	provide	provide	VERB
gujaf-17	160	50	executives	executive	NOUN
gujaf-17	160	51	an	an	DET
gujaf-17	160	52	incentive	incentive	NOUN
gujaf-17	160	53	to	to	PART
gujaf-17	160	54	act	act	VERB
gujaf-17	160	55	as	as	ADV
gujaf-17	160	56	efficiently	efficiently	ADV
gujaf-17	160	57	as	as	ADP
gujaf-17	160	58	possible	possible	ADJ
gujaf-17	160	59	from	from	ADP
gujaf-17	160	60	the	the	DET
gujaf-17	160	61	perspective	perspective	NOUN
gujaf-17	160	62	of	of	ADP
gujaf-17	160	63	the	the	DET
gujaf-17	160	64	shareholders	shareholder	NOUN
gujaf-17	160	65	.	.	PUNCT
gujaf-17	161	1	in	in	ADP
gujaf-17	161	2	this	this	DET
gujaf-17	161	3	context	context	NOUN
gujaf-17	161	4	,	,	PUNCT
gujaf-17	161	5	the	the	DET
gujaf-17	161	6	board	board	NOUN
gujaf-17	161	7	of	of	ADP
gujaf-17	161	8	directors	director	NOUN
gujaf-17	161	9	is	be	AUX
gujaf-17	161	10	of	of	ADP
gujaf-17	161	11	major	major	ADJ
gujaf-17	161	12	importance	importance	NOUN
gujaf-17	161	13	as	as	SCONJ
gujaf-17	161	14	it	it	PRON
gujaf-17	161	15	is	be	AUX
gujaf-17	161	16	responsible	responsible	ADJ
gujaf-17	161	17	for	for	ADP
gujaf-17	161	18	structuring	structure	VERB
gujaf-17	161	19	the	the	DET
gujaf-17	161	20	executive	executive	NOUN
gujaf-17	161	21	compensation	compensation	NOUN
gujaf-17	161	22	packages	package	NOUN
gujaf-17	161	23	in	in	ADP
gujaf-17	161	24	the	the	DET
gujaf-17	161	25	interest	interest	NOUN
gujaf-17	161	26	of	of	ADP
gujaf-17	161	27	the	the	DET
gujaf-17	161	28	shareholders	shareholder	NOUN
gujaf-17	161	29	and	and	CCONJ
gujaf-17	161	30	making	make	VERB
gujaf-17	161	31	sure	sure	ADJ
gujaf-17	161	32	that	that	SCONJ
gujaf-17	161	33	the	the	DET
gujaf-17	161	34	executives	executive	NOUN
gujaf-17	161	35	serve	serve	VERB
gujaf-17	161	36	shareholders	shareholder	NOUN
gujaf-17	161	37	’	’	PART
gujaf-17	161	38	interest	interest	NOUN
gujaf-17	161	39	.	.	PUNCT
gujaf-17	162	1	3	3	X
gujaf-17	162	2	.	.	X
gujaf-17	162	3	methodology	methodology	NOUN
gujaf-17	162	4	and	and	CCONJ
gujaf-17	162	5	specification	specification	NOUN
gujaf-17	162	6	of	of	ADP
gujaf-17	162	7	model	model	NOUN
gujaf-17	162	8	the	the	DET
gujaf-17	162	9	research	research	NOUN
gujaf-17	162	10	design	design	NOUN
gujaf-17	162	11	employed	employ	VERB
gujaf-17	162	12	in	in	ADP
gujaf-17	162	13	this	this	DET
gujaf-17	162	14	study	study	NOUN
gujaf-17	162	15	is	be	AUX
gujaf-17	162	16	correlation	correlation	NOUN
gujaf-17	162	17	design	design	NOUN
gujaf-17	162	18	.	.	PUNCT
gujaf-17	163	1	the	the	DET
gujaf-17	163	2	preference	preference	NOUN
gujaf-17	163	3	of	of	ADP
gujaf-17	163	4	the	the	DET
gujaf-17	163	5	design	design	NOUN
gujaf-17	163	6	was	be	AUX
gujaf-17	163	7	informed	inform	VERB
gujaf-17	163	8	by	by	ADP
gujaf-17	163	9	the	the	DET
gujaf-17	163	10	effectiveness	effectiveness	NOUN
gujaf-17	163	11	of	of	ADP
gujaf-17	163	12	the	the	DET
gujaf-17	163	13	design	design	NOUN
gujaf-17	163	14	in	in	ADP
gujaf-17	163	15	revealing	reveal	VERB
gujaf-17	163	16	the	the	DET
gujaf-17	163	17	association	association	NOUN
gujaf-17	163	18	of	of	ADP
gujaf-17	163	19	two	two	NUM
gujaf-17	163	20	or	or	CCONJ
gujaf-17	163	21	more	more	ADJ
gujaf-17	163	22	variables	variable	NOUN
gujaf-17	163	23	and	and	CCONJ
gujaf-17	163	24	the	the	DET
gujaf-17	163	25	impact	impact	NOUN
gujaf-17	163	26	of	of	ADP
gujaf-17	163	27	one	one	NUM
gujaf-17	163	28	variable	variable	NOUN
gujaf-17	163	29	on	on	ADP
gujaf-17	163	30	another	another	PRON
gujaf-17	163	31	.	.	PUNCT
gujaf-17	164	1	data	datum	NOUN
gujaf-17	164	2	was	be	AUX
gujaf-17	164	3	collected	collect	VERB
gujaf-17	164	4	from	from	ADP
gujaf-17	164	5	secondary	secondary	ADJ
gujaf-17	164	6	sources	source	NOUN
gujaf-17	164	7	through	through	ADP
gujaf-17	164	8	the	the	DET
gujaf-17	164	9	use	use	NOUN
gujaf-17	164	10	of	of	ADP
gujaf-17	164	11	nigeria	nigeria	PROPN
gujaf-17	164	12	stock	stock	PROPN
gujaf-17	164	13	exchange	exchange	PROPN
gujaf-17	164	14	fact	fact	NOUN
gujaf-17	164	15	book	book	NOUN
gujaf-17	164	16	and	and	CCONJ
gujaf-17	164	17	financial	financial	ADJ
gujaf-17	164	18	statement	statement	NOUN
gujaf-17	164	19	for	for	ADP
gujaf-17	164	20	duration	duration	NOUN
gujaf-17	164	21	of	of	ADP
gujaf-17	164	22	nine	nine	NUM
gujaf-17	164	23	(	(	PUNCT
gujaf-17	164	24	9	9	NUM
gujaf-17	164	25	)	)	PUNCT
gujaf-17	164	26	years	year	NOUN
gujaf-17	164	27	(	(	PUNCT
gujaf-17	164	28	2010	2010	NUM
gujaf-17	164	29	–	–	PUNCT
gujaf-17	164	30	2018	2018	NUM
gujaf-17	164	31	)	)	PUNCT
gujaf-17	164	32	.	.	PUNCT
gujaf-17	165	1	the	the	DET
gujaf-17	165	2	population	population	NOUN
gujaf-17	165	3	of	of	ADP
gujaf-17	165	4	this	this	DET
gujaf-17	165	5	study	study	NOUN
gujaf-17	165	6	comprises	comprise	NOUN
gujaf-17	165	7	of	of	ADP
gujaf-17	165	8	all	all	DET
gujaf-17	165	9	six	six	NUM
gujaf-17	165	10	(	(	PUNCT
gujaf-17	165	11	6	6	NUM
gujaf-17	165	12	)	)	PUNCT
gujaf-17	165	13	conglomerate	conglomerate	NOUN
gujaf-17	165	14	firms	firm	NOUN
gujaf-17	165	15	gujaf	gujaf	NOUN
gujaf-17	165	16	:	:	PUNCT
gujaf-17	165	17	gusau	gusau	PROPN
gujaf-17	165	18	journal	journal	NOUN
gujaf-17	165	19	of	of	ADP
gujaf-17	165	20	accounting	accounting	NOUN
gujaf-17	165	21	and	and	CCONJ
gujaf-17	165	22	finance	finance	NOUN
gujaf-17	165	23	,	,	PUNCT
gujaf-17	165	24	vol	vol	NOUN
gujaf-17	165	25	.	.	PUNCT
gujaf-17	166	1	i	i	PRON
gujaf-17	166	2	,	,	PUNCT
gujaf-17	166	3	issue	issue	NOUN
gujaf-17	166	4	1	1	NUM
gujaf-17	166	5	,	,	PUNCT
gujaf-17	166	6	april	april	PROPN
gujaf-17	166	7	,	,	PUNCT
gujaf-17	166	8	2020	2020	NUM
gujaf-17	166	9	issn	issn	VERB
gujaf-17	166	10	2756	2756	NUM
gujaf-17	166	11	-	-	PUNCT
gujaf-17	166	12	665x	665x	NOUN
gujaf-17	166	13	13	13	NUM
gujaf-17	166	14	listed	list	VERB
gujaf-17	166	15	in	in	ADP
gujaf-17	166	16	the	the	DET
gujaf-17	166	17	nigerian	nigerian	ADJ
gujaf-17	166	18	stock	stock	NOUN
gujaf-17	166	19	exchange	exchange	PROPN
gujaf-17	166	20	as	as	ADP
gujaf-17	166	21	at	at	ADP
gujaf-17	166	22	31st	31st	PROPN
gujaf-17	166	23	december	december	PROPN
gujaf-17	166	24	,	,	PUNCT
gujaf-17	166	25	2014	2014	NUM
gujaf-17	166	26	.	.	PUNCT
gujaf-17	167	1	the	the	DET
gujaf-17	167	2	data	datum	NOUN
gujaf-17	167	3	was	be	AUX
gujaf-17	167	4	empirically	empirically	ADV
gujaf-17	167	5	analyzed	analyze	VERB
gujaf-17	167	6	using	use	VERB
gujaf-17	167	7	ordinary	ordinary	ADJ
gujaf-17	167	8	least	least	ADJ
gujaf-17	167	9	square	square	ADJ
gujaf-17	167	10	(	(	PUNCT
gujaf-17	167	11	ols	ol	NOUN
gujaf-17	167	12	)	)	PUNCT
gujaf-17	167	13	multiple	multiple	ADJ
gujaf-17	167	14	regression	regression	NOUN
gujaf-17	167	15	techniques	technique	NOUN
gujaf-17	167	16	with	with	ADP
gujaf-17	167	17	the	the	DET
gujaf-17	167	18	help	help	NOUN
gujaf-17	167	19	of	of	ADP
gujaf-17	167	20	stata	stata	NOUN
gujaf-17	167	21	11	11	NUM
gujaf-17	167	22	.	.	PUNCT
gujaf-17	168	1	the	the	DET
gujaf-17	168	2	model	model	NOUN
gujaf-17	168	3	used	use	VERB
gujaf-17	168	4	to	to	PART
gujaf-17	168	5	test	test	VERB
gujaf-17	168	6	the	the	DET
gujaf-17	168	7	hypotheses	hypothesis	NOUN
gujaf-17	168	8	formulated	formulate	VERB
gujaf-17	168	9	for	for	ADP
gujaf-17	168	10	this	this	DET
gujaf-17	168	11	study	study	NOUN
gujaf-17	168	12	is	be	AUX
gujaf-17	168	13	presented	present	VERB
gujaf-17	168	14	below	below	ADV
gujaf-17	168	15	.	.	PUNCT
gujaf-17	169	1	execomp	execomp	NOUN
gujaf-17	169	2	it	it	PRON
gujaf-17	170	1	=	=	PUNCT
gujaf-17	170	2	β0	β0	PROPN
gujaf-17	170	3	+	+	CCONJ
gujaf-17	170	4	β1roa	β1roa	NOUN
gujaf-17	170	5	it	it	PRON
gujaf-17	171	1	+	+	CCONJ
gujaf-17	171	2	β2roe	β2roe	NUM
gujaf-17	172	1	it	it	PRON
gujaf-17	173	1	+	+	CCONJ
gujaf-17	173	2	β3	β3	VERB
gujaf-17	173	3	instowns	instown	VERB
gujaf-17	173	4	it	it	PRON
gujaf-17	173	5	+	+	CCONJ
gujaf-17	173	6	β4	β4	PROPN
gujaf-17	173	7	execowns	execown	VERB
gujaf-17	173	8	it	it	PRON
gujaf-17	173	9	+	+	CCONJ
gujaf-17	173	10	β5	β5	NOUN
gujaf-17	173	11	bcom	bcom	NOUN
gujaf-17	173	12	it	it	PRON
gujaf-17	173	13	+	+	CCONJ
gujaf-17	173	14	β6	β6	PROPN
gujaf-17	173	15	bsize	bsize	VERB
gujaf-17	173	16	it	it	PRON
gujaf-17	173	17	+	+	CCONJ
gujaf-17	173	18	β7	β7	ADJ
gujaf-17	173	19	fsize	fsize	NOUN
gujaf-17	173	20	it	it	PRON
gujaf-17	174	1	+	+	CCONJ
gujaf-17	174	2	ε	ε	PROPN
gujaf-17	174	3	it	it	PRON
gujaf-17	174	4	where	where	SCONJ
gujaf-17	174	5	:	:	PUNCT
gujaf-17	174	6	β0	β0	NOUN
gujaf-17	174	7	=	=	PUNCT
gujaf-17	174	8	intercept	intercept	NOUN
gujaf-17	174	9	β1β5=	β1β5=	INTJ
gujaf-17	174	10	coefficient	coefficient	NOUN
gujaf-17	174	11	of	of	ADP
gujaf-17	174	12	the	the	DET
gujaf-17	174	13	independent	independent	ADJ
gujaf-17	174	14	variables	variable	NOUN
gujaf-17	174	15	execomp	execomp	NOUN
gujaf-17	174	16	=	=	SYM
gujaf-17	174	17	executive	executive	NOUN
gujaf-17	174	18	compensation	compensation	NOUN
gujaf-17	174	19	(	(	PUNCT
gujaf-17	174	20	log	log	NOUN
gujaf-17	174	21	of	of	ADP
gujaf-17	174	22	cash	cash	NOUN
gujaf-17	174	23	compensation	compensation	NOUN
gujaf-17	174	24	of	of	ADP
gujaf-17	174	25	firm	firm	ADJ
gujaf-17	174	26	‘	'	PUNCT
gujaf-17	174	27	i	i	PRON
gujaf-17	174	28	’	'	PUNCT
gujaf-17	174	29	in	in	ADP
gujaf-17	174	30	period	period	NOUN
gujaf-17	174	31	‘	'	PUNCT
gujaf-17	174	32	t	t	NOUN
gujaf-17	174	33	’	'	PUNCT
gujaf-17	174	34	)	)	PUNCT
gujaf-17	174	35	.	.	PUNCT
gujaf-17	175	1	roa	roa	PROPN
gujaf-17	175	2	=	=	PUNCT
gujaf-17	175	3	return	return	NOUN
gujaf-17	175	4	on	on	ADP
gujaf-17	175	5	asset	asset	NOUN
gujaf-17	175	6	(	(	PUNCT
gujaf-17	175	7	ratio	ratio	NOUN
gujaf-17	175	8	of	of	ADP
gujaf-17	175	9	net	net	ADJ
gujaf-17	175	10	income	income	NOUN
gujaf-17	175	11	before	before	ADP
gujaf-17	175	12	interest	interest	NOUN
gujaf-17	175	13	and	and	CCONJ
gujaf-17	175	14	tax	tax	NOUN
gujaf-17	175	15	to	to	ADP
gujaf-17	175	16	total	total	ADJ
gujaf-17	175	17	asset	asset	NOUN
gujaf-17	175	18	value	value	NOUN
gujaf-17	175	19	of	of	ADP
gujaf-17	175	20	firm	firm	ADJ
gujaf-17	175	21	‘	'	PUNCT
gujaf-17	175	22	i	i	PRON
gujaf-17	175	23	’	'	PUNCT
gujaf-17	175	24	in	in	ADP
gujaf-17	175	25	period	period	NOUN
gujaf-17	175	26	‘	'	PUNCT
gujaf-17	175	27	t	t	NOUN
gujaf-17	175	28	’	'	PUNCT
gujaf-17	175	29	)	)	PUNCT
gujaf-17	175	30	roe	roe	PROPN
gujaf-17	175	31	=	=	SYM
gujaf-17	175	32	return	return	NOUN
gujaf-17	175	33	on	on	ADP
gujaf-17	175	34	equity	equity	NOUN
gujaf-17	175	35	(	(	PUNCT
gujaf-17	175	36	ratio	ratio	NOUN
gujaf-17	175	37	of	of	ADP
gujaf-17	175	38	equity	equity	NOUN
gujaf-17	175	39	value	value	NOUN
gujaf-17	175	40	to	to	ADP
gujaf-17	175	41	total	total	ADJ
gujaf-17	175	42	asset	asset	NOUN
gujaf-17	175	43	value	value	NOUN
gujaf-17	175	44	of	of	ADP
gujaf-17	175	45	firm	firm	ADJ
gujaf-17	175	46	‘	'	PUNCT
gujaf-17	175	47	i	i	PRON
gujaf-17	175	48	’	'	PUNCT
gujaf-17	175	49	in	in	ADP
gujaf-17	175	50	period	period	NOUN
gujaf-17	175	51	‘	'	PUNCT
gujaf-17	175	52	t	t	NOUN
gujaf-17	175	53	’	'	PUNCT
gujaf-17	175	54	)	)	PUNCT
gujaf-17	175	55	.	.	PUNCT
gujaf-17	176	1	instowns	instown	NOUN
gujaf-17	176	2	=	=	SYM
gujaf-17	176	3	institutional	institutional	ADJ
gujaf-17	176	4	ownership	ownership	NOUN
gujaf-17	176	5	(	(	PUNCT
gujaf-17	176	6	proportion	proportion	NOUN
gujaf-17	176	7	of	of	ADP
gujaf-17	176	8	share	share	NOUN
gujaf-17	176	9	owned	own	VERB
gujaf-17	176	10	by	by	ADP
gujaf-17	176	11	institutional	institutional	ADJ
gujaf-17	176	12	investors	investor	NOUN
gujaf-17	176	13	to	to	PART
gujaf-17	176	14	total	total	ADJ
gujaf-17	176	15	number	number	NOUN
gujaf-17	176	16	of	of	ADP
gujaf-17	176	17	shares	share	NOUN
gujaf-17	176	18	of	of	ADP
gujaf-17	176	19	firm	firm	ADJ
gujaf-17	176	20	‘	'	PUNCT
gujaf-17	176	21	i	i	PRON
gujaf-17	176	22	’	'	PUNCT
gujaf-17	176	23	in	in	ADP
gujaf-17	176	24	period	period	NOUN
gujaf-17	176	25	‘	'	PUNCT
gujaf-17	176	26	t	t	NOUN
gujaf-17	176	27	’	'	PUNCT
gujaf-17	176	28	)	)	PUNCT
gujaf-17	176	29	execowns=	execowns=	NUM
gujaf-17	176	30	executive	executive	ADJ
gujaf-17	176	31	ownership	ownership	NOUN
gujaf-17	176	32	(	(	PUNCT
gujaf-17	176	33	proportion	proportion	NOUN
gujaf-17	176	34	of	of	ADP
gujaf-17	176	35	share	share	NOUN
gujaf-17	176	36	owned	own	VERB
gujaf-17	176	37	by	by	ADP
gujaf-17	176	38	the	the	DET
gujaf-17	176	39	executives	executive	NOUN
gujaf-17	176	40	to	to	PART
gujaf-17	176	41	total	total	ADJ
gujaf-17	176	42	number	number	NOUN
gujaf-17	176	43	of	of	ADP
gujaf-17	176	44	shares	share	NOUN
gujaf-17	176	45	of	of	ADP
gujaf-17	176	46	firm	firm	ADJ
gujaf-17	176	47	‘	'	PUNCT
gujaf-17	176	48	i	i	PRON
gujaf-17	176	49	’	'	PUNCT
gujaf-17	176	50	in	in	ADP
gujaf-17	176	51	period	period	NOUN
gujaf-17	176	52	‘	'	PUNCT
gujaf-17	176	53	t	t	NOUN
gujaf-17	176	54	’	'	PUNCT
gujaf-17	176	55	)	)	PUNCT
gujaf-17	176	56	bcom	bcom	NOUN
gujaf-17	176	57	=	=	NOUN
gujaf-17	176	58	board	board	NOUN
gujaf-17	176	59	composition	composition	NOUN
gujaf-17	176	60	(	(	PUNCT
gujaf-17	176	61	number	number	NOUN
gujaf-17	176	62	of	of	ADP
gujaf-17	176	63	non	non	ADJ
gujaf-17	176	64	-	-	ADJ
gujaf-17	176	65	executive	executive	ADJ
gujaf-17	176	66	directors	director	NOUN
gujaf-17	176	67	divided	divide	VERB
gujaf-17	176	68	by	by	ADP
gujaf-17	176	69	total	total	ADJ
gujaf-17	176	70	board	board	NOUN
gujaf-17	176	71	size	size	NOUN
gujaf-17	176	72	of	of	ADP
gujaf-17	176	73	firm	firm	ADJ
gujaf-17	176	74	‘	'	PUNCT
gujaf-17	176	75	i	i	PRON
gujaf-17	176	76	’	'	PUNCT
gujaf-17	176	77	in	in	ADP
gujaf-17	176	78	period	period	NOUN
gujaf-17	176	79	‘	'	PUNCT
gujaf-17	176	80	t	t	NOUN
gujaf-17	176	81	’	'	PUNCT
gujaf-17	176	82	)	)	PUNCT
gujaf-17	176	83	bsize	bsize	NOUN
gujaf-17	176	84	=	=	SYM
gujaf-17	176	85	board	board	NOUN
gujaf-17	176	86	size	size	NOUN
gujaf-17	176	87	(	(	PUNCT
gujaf-17	176	88	number	number	NOUN
gujaf-17	176	89	of	of	ADP
gujaf-17	176	90	board	board	NOUN
gujaf-17	176	91	members	member	NOUN
gujaf-17	176	92	of	of	ADP
gujaf-17	176	93	firm	firm	ADJ
gujaf-17	176	94	‘	'	PUNCT
gujaf-17	176	95	i	i	PRON
gujaf-17	176	96	’	'	PUNCT
gujaf-17	176	97	in	in	ADP
gujaf-17	176	98	period	period	NOUN
gujaf-17	176	99	‘	'	PUNCT
gujaf-17	176	100	t	t	NOUN
gujaf-17	176	101	’	'	PUNCT
gujaf-17	176	102	)	)	PUNCT
gujaf-17	176	103	fsize	fsize	NOUN
gujaf-17	176	104	=	=	SYM
gujaf-17	176	105	firm	firm	ADJ
gujaf-17	176	106	size	size	NOUN
gujaf-17	176	107	(	(	PUNCT
gujaf-17	176	108	natural	natural	ADJ
gujaf-17	176	109	logarithm	logarithm	NOUN
gujaf-17	176	110	of	of	ADP
gujaf-17	176	111	total	total	ADJ
gujaf-17	176	112	assets	asset	NOUN
gujaf-17	176	113	of	of	ADP
gujaf-17	176	114	firm	firm	ADJ
gujaf-17	176	115	‘	'	PUNCT
gujaf-17	176	116	i	i	PRON
gujaf-17	176	117	’	'	PUNCT
gujaf-17	176	118	in	in	ADP
gujaf-17	176	119	period‘t	period‘t	PROPN
gujaf-17	176	120	’	'	PUNCT
gujaf-17	176	121	)	)	PUNCT
gujaf-17	176	122	εit	εit	NOUN
gujaf-17	176	123	=	=	SYM
gujaf-17	176	124	residual	residual	ADJ
gujaf-17	176	125	or	or	CCONJ
gujaf-17	176	126	error	error	NOUN
gujaf-17	176	127	term	term	NOUN
gujaf-17	176	128	of	of	ADP
gujaf-17	176	129	firm	firm	ADJ
gujaf-17	176	130	‘	'	PUNCT
gujaf-17	176	131	i	i	PRON
gujaf-17	176	132	’	'	PUNCT
gujaf-17	176	133	in	in	ADP
gujaf-17	176	134	period	period	NOUN
gujaf-17	176	135	‘	'	PUNCT
gujaf-17	176	136	t	t	NOUN
gujaf-17	176	137	’	'	PUNCT
gujaf-17	176	138	4	4	NUM
gujaf-17	176	139	.	.	NOUN
gujaf-17	176	140	result	result	NOUN
gujaf-17	176	141	and	and	CCONJ
gujaf-17	176	142	discussions	discussion	NOUN
gujaf-17	176	143	this	this	DET
gujaf-17	176	144	section	section	NOUN
gujaf-17	176	145	dealt	deal	VERB
gujaf-17	176	146	with	with	ADP
gujaf-17	176	147	empirical	empirical	ADJ
gujaf-17	176	148	presentation	presentation	NOUN
gujaf-17	176	149	,	,	PUNCT
gujaf-17	176	150	discussion	discussion	NOUN
gujaf-17	176	151	of	of	ADP
gujaf-17	176	152	data	datum	NOUN
gujaf-17	176	153	extracted	extract	VERB
gujaf-17	176	154	from	from	ADP
gujaf-17	176	155	the	the	DET
gujaf-17	176	156	annual	annual	ADJ
gujaf-17	176	157	reports	report	NOUN
gujaf-17	176	158	and	and	CCONJ
gujaf-17	176	159	accounts	account	NOUN
gujaf-17	176	160	of	of	ADP
gujaf-17	176	161	the	the	DET
gujaf-17	176	162	sampled	sample	VERB
gujaf-17	176	163	firms	firm	NOUN
gujaf-17	176	164	as	as	ADV
gujaf-17	176	165	well	well	ADV
gujaf-17	176	166	as	as	ADP
gujaf-17	176	167	the	the	DET
gujaf-17	176	168	tests	test	NOUN
gujaf-17	176	169	of	of	ADP
gujaf-17	176	170	hypotheses	hypothesis	NOUN
gujaf-17	176	171	formulated	formulate	VERB
gujaf-17	176	172	earlier	early	ADV
gujaf-17	176	173	in	in	ADP
gujaf-17	176	174	the	the	DET
gujaf-17	176	175	first	first	ADJ
gujaf-17	176	176	section	section	NOUN
gujaf-17	176	177	.	.	PUNCT
gujaf-17	177	1	table	table	NOUN
gujaf-17	177	2	1	1	NUM
gujaf-17	177	3	:	:	PUNCT
gujaf-17	177	4	descriptive	descriptive	ADJ
gujaf-17	177	5	statistics	statistic	NOUN
gujaf-17	178	1	variables	variables	PROPN
gujaf-17	178	2	min	min	PROPN
gujaf-17	178	3	max	max	PROPN
gujaf-17	178	4	mean	mean	PROPN
gujaf-17	178	5	std	std	PROPN
gujaf-17	178	6	.	.	PROPN
gujaf-17	178	7	dev	dev	PROPN
gujaf-17	178	8	.	.	PUNCT
gujaf-17	178	9	execomp	execomp	NOUN
gujaf-17	178	10	8.22	8.22	NUM
gujaf-17	178	11	12.76	12.76	NUM
gujaf-17	178	12	10.41	10.41	NUM
gujaf-17	178	13	1.22	1.22	NUM
gujaf-17	178	14	gujaf	gujaf	NOUN
gujaf-17	178	15	:	:	PUNCT
gujaf-17	178	16	gusau	gusau	PROPN
gujaf-17	178	17	journal	journal	NOUN
gujaf-17	178	18	of	of	ADP
gujaf-17	178	19	accounting	accounting	NOUN
gujaf-17	178	20	and	and	CCONJ
gujaf-17	178	21	finance	finance	NOUN
gujaf-17	178	22	,	,	PUNCT
gujaf-17	178	23	vol	vol	NOUN
gujaf-17	178	24	.	.	PUNCT
gujaf-17	179	1	i	i	PRON
gujaf-17	179	2	,	,	PUNCT
gujaf-17	179	3	issue	issue	NOUN
gujaf-17	179	4	1	1	NUM
gujaf-17	179	5	,	,	PUNCT
gujaf-17	179	6	april	april	PROPN
gujaf-17	179	7	,	,	PUNCT
gujaf-17	179	8	2020	2020	NUM
gujaf-17	179	9	issn	issn	VERB
gujaf-17	179	10	2756	2756	NUM
gujaf-17	179	11	-	-	PUNCT
gujaf-17	179	12	665x	665x	NOUN
gujaf-17	179	13	14	14	NUM
gujaf-17	179	14	source	source	NOUN
gujaf-17	179	15	:	:	PUNCT
gujaf-17	179	16	author	author	NOUN
gujaf-17	179	17	’s	’s	PART
gujaf-17	179	18	compilation	compilation	NOUN
gujaf-17	179	19	generated	generate	VERB
gujaf-17	179	20	using	use	VERB
gujaf-17	179	21	stata	stata	NOUN
gujaf-17	179	22	,	,	PUNCT
gujaf-17	179	23	2020	2020	NUM
gujaf-17	179	24	table	table	NOUN
gujaf-17	179	25	1	1	NUM
gujaf-17	179	26	reports	report	VERB
gujaf-17	179	27	the	the	DET
gujaf-17	179	28	descriptive	descriptive	ADJ
gujaf-17	179	29	statistics	statistic	NOUN
gujaf-17	179	30	for	for	ADP
gujaf-17	179	31	the	the	DET
gujaf-17	179	32	dependent	dependent	ADJ
gujaf-17	179	33	and	and	CCONJ
gujaf-17	179	34	independent	independent	ADJ
gujaf-17	179	35	variables	variable	NOUN
gujaf-17	179	36	respectively	respectively	ADV
gujaf-17	179	37	(	(	PUNCT
gujaf-17	179	38	execomp=	execomp=	NUM
gujaf-17	179	39	executive	executive	ADJ
gujaf-17	179	40	compensation	compensation	NOUN
gujaf-17	179	41	,	,	PUNCT
gujaf-17	179	42	roa=	roa=	PROPN
gujaf-17	179	43	return	return	NOUN
gujaf-17	179	44	on	on	ADP
gujaf-17	179	45	asset	asset	NOUN
gujaf-17	179	46	,	,	PUNCT
gujaf-17	179	47	roe=	roe=	PROPN
gujaf-17	179	48	return	return	VERB
gujaf-17	179	49	on	on	ADP
gujaf-17	179	50	equity	equity	NOUN
gujaf-17	179	51	,	,	PUNCT
gujaf-17	179	52	instown=	instown=	NUM
gujaf-17	179	53	institutional	institutional	ADJ
gujaf-17	179	54	ownership	ownership	NOUN
gujaf-17	179	55	,	,	PUNCT
gujaf-17	179	56	execown=	execown=	NUM
gujaf-17	179	57	executive	executive	ADJ
gujaf-17	179	58	ownership	ownership	NOUN
gujaf-17	179	59	,	,	PUNCT
gujaf-17	179	60	bcom=	bcom=	NUM
gujaf-17	179	61	board	board	NOUN
gujaf-17	179	62	composition	composition	NOUN
gujaf-17	179	63	,	,	PUNCT
gujaf-17	179	64	bsize=	bsize=	NUM
gujaf-17	179	65	board	board	NOUN
gujaf-17	179	66	size	size	NOUN
gujaf-17	179	67	,	,	PUNCT
gujaf-17	179	68	fsize=	fsize=	NUM
gujaf-17	179	69	firm	firm	ADJ
gujaf-17	179	70	size	size	NOUN
gujaf-17	179	71	)	)	PUNCT
gujaf-17	179	72	.	.	PUNCT
gujaf-17	180	1	from	from	ADP
gujaf-17	180	2	the	the	DET
gujaf-17	180	3	table	table	NOUN
gujaf-17	180	4	,	,	PUNCT
gujaf-17	180	5	it	it	PRON
gujaf-17	180	6	can	can	AUX
gujaf-17	180	7	be	be	AUX
gujaf-17	180	8	seen	see	VERB
gujaf-17	180	9	that	that	SCONJ
gujaf-17	180	10	the	the	DET
gujaf-17	180	11	executive	executive	PROPN
gujaf-17	180	12	compensation	compensation	NOUN
gujaf-17	180	13	for	for	ADP
gujaf-17	180	14	the	the	DET
gujaf-17	180	15	sample	sample	NOUN
gujaf-17	180	16	of	of	ADP
gujaf-17	180	17	the	the	DET
gujaf-17	180	18	study	study	NOUN
gujaf-17	180	19	was	be	AUX
gujaf-17	180	20	on	on	ADP
gujaf-17	180	21	average	average	NOUN
gujaf-17	180	22	of	of	ADP
gujaf-17	180	23	#	#	SYM
gujaf-17	180	24	69	69	NUM
gujaf-17	180	25	million	million	NUM
gujaf-17	180	26	.	.	PUNCT
gujaf-17	181	1	the	the	DET
gujaf-17	181	2	range	range	NOUN
gujaf-17	181	3	was	be	AUX
gujaf-17	181	4	however	however	ADV
gujaf-17	181	5	wide	wide	ADJ
gujaf-17	181	6	as	as	SCONJ
gujaf-17	181	7	is	be	AUX
gujaf-17	181	8	evidenced	evidence	VERB
gujaf-17	181	9	by	by	ADP
gujaf-17	181	10	a	a	DET
gujaf-17	181	11	minimum	minimum	ADJ
gujaf-17	181	12	pay	pay	NOUN
gujaf-17	181	13	of	of	ADP
gujaf-17	181	14	#	#	SYM
gujaf-17	181	15	3.9	3.9	NUM
gujaf-17	181	16	million	million	NUM
gujaf-17	181	17	and	and	CCONJ
gujaf-17	181	18	a	a	DET
gujaf-17	181	19	maximum	maximum	ADJ
gujaf-17	181	20	pay	pay	NOUN
gujaf-17	181	21	of	of	ADP
gujaf-17	181	22	#	#	SYM
gujaf-17	181	23	405	405	NUM
gujaf-17	181	24	million	million	NUM
gujaf-17	181	25	.	.	PUNCT
gujaf-17	182	1	however	however	ADV
gujaf-17	182	2	,	,	PUNCT
gujaf-17	182	3	it	it	PRON
gujaf-17	182	4	may	may	AUX
gujaf-17	182	5	not	not	PART
gujaf-17	182	6	be	be	AUX
gujaf-17	182	7	possible	possible	ADJ
gujaf-17	182	8	to	to	PART
gujaf-17	182	9	infer	infer	VERB
gujaf-17	182	10	anything	anything	PRON
gujaf-17	182	11	from	from	ADP
gujaf-17	182	12	this	this	DET
gujaf-17	182	13	range	range	NOUN
gujaf-17	182	14	because	because	SCONJ
gujaf-17	182	15	analyzing	analyze	VERB
gujaf-17	182	16	the	the	DET
gujaf-17	182	17	large	large	ADJ
gujaf-17	182	18	variation	variation	NOUN
gujaf-17	182	19	without	without	ADP
gujaf-17	182	20	taking	take	VERB
gujaf-17	182	21	into	into	ADP
gujaf-17	182	22	context	context	NOUN
gujaf-17	182	23	issues	issue	NOUN
gujaf-17	182	24	such	such	ADJ
gujaf-17	182	25	as	as	ADP
gujaf-17	182	26	inflation	inflation	NOUN
gujaf-17	182	27	would	would	AUX
gujaf-17	182	28	be	be	AUX
gujaf-17	182	29	misleading	misleading	ADJ
gujaf-17	182	30	.	.	PUNCT
gujaf-17	183	1	the	the	DET
gujaf-17	183	2	financial	financial	ADJ
gujaf-17	183	3	performance	performance	NOUN
gujaf-17	183	4	of	of	ADP
gujaf-17	183	5	the	the	DET
gujaf-17	183	6	sampled	sample	VERB
gujaf-17	183	7	conglomerate	conglomerate	NOUN
gujaf-17	183	8	firms	firm	NOUN
gujaf-17	183	9	as	as	SCONJ
gujaf-17	183	10	proxied	proxie	VERB
gujaf-17	183	11	by	by	ADP
gujaf-17	183	12	roa	roa	PROPN
gujaf-17	183	13	and	and	CCONJ
gujaf-17	183	14	roe	roe	PROPN
gujaf-17	183	15	averaged	average	VERB
gujaf-17	183	16	.09	.09	NUM
gujaf-17	183	17	and	and	CCONJ
gujaf-17	183	18	.20	.20	NUM
gujaf-17	183	19	respectively	respectively	ADV
gujaf-17	183	20	.	.	PUNCT
gujaf-17	184	1	the	the	DET
gujaf-17	184	2	maximum	maximum	ADJ
gujaf-17	184	3	and	and	CCONJ
gujaf-17	184	4	minimum	minimum	ADJ
gujaf-17	184	5	return	return	NOUN
gujaf-17	184	6	on	on	ADP
gujaf-17	184	7	equity	equity	NOUN
gujaf-17	184	8	is	be	AUX
gujaf-17	184	9	1.88	1.88	NUM
gujaf-17	184	10	and	and	CCONJ
gujaf-17	184	11	.02	.02	NUM
gujaf-17	184	12	which	which	PRON
gujaf-17	184	13	is	be	AUX
gujaf-17	184	14	higher	high	ADJ
gujaf-17	184	15	than	than	ADP
gujaf-17	184	16	the	the	DET
gujaf-17	184	17	return	return	NOUN
gujaf-17	184	18	on	on	ADP
gujaf-17	184	19	asset	asset	NOUN
gujaf-17	184	20	of	of	ADP
gujaf-17	184	21	.63	.63	NUM
gujaf-17	184	22	and	and	CCONJ
gujaf-17	184	23	-.32	-.32	PROPN
gujaf-17	184	24	.	.	PUNCT
gujaf-17	184	25	institutional	institutional	ADJ
gujaf-17	184	26	ownership	ownership	NOUN
gujaf-17	184	27	represents	represent	VERB
gujaf-17	184	28	30	30	NUM
gujaf-17	184	29	%	%	NOUN
gujaf-17	184	30	of	of	ADP
gujaf-17	184	31	shareholders	shareholder	NOUN
gujaf-17	184	32	on	on	ADP
gujaf-17	184	33	average	average	ADJ
gujaf-17	184	34	.	.	PUNCT
gujaf-17	185	1	this	this	PRON
gujaf-17	185	2	indicates	indicate	VERB
gujaf-17	185	3	that	that	SCONJ
gujaf-17	185	4	majority	majority	NOUN
gujaf-17	185	5	of	of	ADP
gujaf-17	185	6	the	the	DET
gujaf-17	185	7	shareholders	shareholder	NOUN
gujaf-17	185	8	representing	represent	VERB
gujaf-17	185	9	70	70	NUM
gujaf-17	185	10	%	%	NOUN
gujaf-17	185	11	in	in	ADP
gujaf-17	185	12	the	the	DET
gujaf-17	185	13	conglomerate	conglomerate	NOUN
gujaf-17	185	14	firms	firm	NOUN
gujaf-17	185	15	in	in	ADP
gujaf-17	185	16	nigeria	nigeria	PROPN
gujaf-17	185	17	are	be	AUX
gujaf-17	185	18	individuals	individual	NOUN
gujaf-17	185	19	.	.	PUNCT
gujaf-17	186	1	although	although	SCONJ
gujaf-17	186	2	,	,	PUNCT
gujaf-17	186	3	the	the	DET
gujaf-17	186	4	executive	executive	ADJ
gujaf-17	186	5	ownership	ownership	NOUN
gujaf-17	186	6	could	could	AUX
gujaf-17	186	7	held	hold	VERB
gujaf-17	186	8	up	up	ADP
gujaf-17	186	9	to	to	ADP
gujaf-17	186	10	the	the	DET
gujaf-17	186	11	maximum	maximum	NOUN
gujaf-17	186	12	of	of	ADP
gujaf-17	186	13	40	40	NUM
gujaf-17	186	14	%	%	NOUN
gujaf-17	186	15	shares	share	NOUN
gujaf-17	186	16	in	in	ADP
gujaf-17	186	17	the	the	DET
gujaf-17	186	18	sampled	sample	VERB
gujaf-17	186	19	conglomerate	conglomerate	NOUN
gujaf-17	186	20	firms	firm	NOUN
gujaf-17	186	21	under	under	ADP
gujaf-17	186	22	study	study	NOUN
gujaf-17	186	23	and	and	CCONJ
gujaf-17	186	24	with	with	ADP
gujaf-17	186	25	a	a	DET
gujaf-17	186	26	minimum	minimum	NOUN
gujaf-17	186	27	and	and	CCONJ
gujaf-17	186	28	average	average	NOUN
gujaf-17	186	29	of	of	ADP
gujaf-17	186	30	.00	.00	NUM
gujaf-17	186	31	and	and	CCONJ
gujaf-17	186	32	.06	.06	NUM
gujaf-17	186	33	respectively	respectively	ADV
gujaf-17	186	34	.	.	PUNCT
gujaf-17	187	1	the	the	DET
gujaf-17	187	2	highest	high	ADJ
gujaf-17	187	3	number	number	NOUN
gujaf-17	187	4	of	of	ADP
gujaf-17	187	5	board	board	NOUN
gujaf-17	187	6	size	size	NOUN
gujaf-17	187	7	in	in	ADP
gujaf-17	187	8	the	the	DET
gujaf-17	187	9	listed	list	VERB
gujaf-17	187	10	conglomerates	conglomerate	NOUN
gujaf-17	187	11	in	in	ADP
gujaf-17	187	12	nigeria	nigeria	PROPN
gujaf-17	187	13	is	be	AUX
gujaf-17	187	14	11	11	NUM
gujaf-17	187	15	,	,	PUNCT
gujaf-17	187	16	average	average	NOUN
gujaf-17	187	17	of	of	ADP
gujaf-17	187	18	9	9	NUM
gujaf-17	187	19	and	and	CCONJ
gujaf-17	187	20	minimum	minimum	NOUN
gujaf-17	187	21	of	of	ADP
gujaf-17	187	22	5	5	NUM
gujaf-17	187	23	,	,	PUNCT
gujaf-17	187	24	which	which	PRON
gujaf-17	187	25	indicates	indicate	VERB
gujaf-17	187	26	that	that	SCONJ
gujaf-17	187	27	on	on	ADP
gujaf-17	187	28	average	average	ADJ
gujaf-17	187	29	board	board	NOUN
gujaf-17	187	30	size	size	NOUN
gujaf-17	187	31	,	,	PUNCT
gujaf-17	187	32	was	be	AUX
gujaf-17	187	33	neither	neither	CCONJ
gujaf-17	187	34	too	too	ADV
gujaf-17	187	35	large	large	ADJ
gujaf-17	187	36	nor	nor	CCONJ
gujaf-17	187	37	too	too	ADV
gujaf-17	187	38	small	small	ADJ
gujaf-17	187	39	.	.	PUNCT
gujaf-17	188	1	the	the	DET
gujaf-17	188	2	non	non	ADJ
gujaf-17	188	3	-	-	ADJ
gujaf-17	188	4	executive	executive	ADJ
gujaf-17	188	5	directors	director	NOUN
gujaf-17	188	6	have	have	VERB
gujaf-17	188	7	an	an	DET
gujaf-17	188	8	average	average	NOUN
gujaf-17	188	9	of	of	ADP
gujaf-17	188	10	67	67	NUM
gujaf-17	188	11	%	%	NOUN
gujaf-17	188	12	of	of	ADP
gujaf-17	188	13	the	the	DET
gujaf-17	188	14	board	board	NOUN
gujaf-17	188	15	of	of	ADP
gujaf-17	188	16	directors	director	NOUN
gujaf-17	188	17	.	.	PUNCT
gujaf-17	189	1	it	it	PRON
gujaf-17	189	2	also	also	ADV
gujaf-17	189	3	shows	show	VERB
gujaf-17	189	4	that	that	SCONJ
gujaf-17	189	5	91	91	NUM
gujaf-17	189	6	%	%	NOUN
gujaf-17	189	7	of	of	ADP
gujaf-17	189	8	the	the	DET
gujaf-17	189	9	directors	director	NOUN
gujaf-17	189	10	are	be	AUX
gujaf-17	189	11	non	non	ADJ
gujaf-17	189	12	-	-	ADJ
gujaf-17	189	13	executive	executive	ADJ
gujaf-17	189	14	directors	director	NOUN
gujaf-17	189	15	while	while	SCONJ
gujaf-17	189	16	9	9	NUM
gujaf-17	189	17	%	%	NOUN
gujaf-17	189	18	are	be	AUX
gujaf-17	189	19	executive	executive	ADJ
gujaf-17	189	20	directors	director	NOUN
gujaf-17	189	21	,	,	PUNCT
gujaf-17	189	22	as	as	SCONJ
gujaf-17	189	23	supported	support	VERB
gujaf-17	189	24	by	by	ADP
gujaf-17	189	25	the	the	DET
gujaf-17	189	26	standard	standard	ADJ
gujaf-17	189	27	deviation	deviation	NOUN
gujaf-17	189	28	(	(	PUNCT
gujaf-17	189	29	.11	.11	NUM
gujaf-17	189	30	)	)	PUNCT
gujaf-17	189	31	of	of	ADP
gujaf-17	189	32	the	the	DET
gujaf-17	189	33	board	board	NOUN
gujaf-17	189	34	composition	composition	NOUN
gujaf-17	189	35	for	for	ADP
gujaf-17	189	36	the	the	DET
gujaf-17	189	37	firms	firm	NOUN
gujaf-17	189	38	.	.	PUNCT
gujaf-17	190	1	furthermore	furthermore	ADV
gujaf-17	190	2	,	,	PUNCT
gujaf-17	190	3	the	the	DET
gujaf-17	190	4	size	size	NOUN
gujaf-17	190	5	of	of	ADP
gujaf-17	190	6	the	the	DET
gujaf-17	190	7	conglomerate	conglomerate	NOUN
gujaf-17	190	8	firms	firm	NOUN
gujaf-17	190	9	in	in	ADP
gujaf-17	190	10	terms	term	NOUN
gujaf-17	190	11	of	of	ADP
gujaf-17	190	12	total	total	ADJ
gujaf-17	190	13	asset	asset	NOUN
gujaf-17	190	14	for	for	ADP
gujaf-17	190	15	the	the	DET
gujaf-17	190	16	sample	sample	NOUN
gujaf-17	190	17	averaged	average	VERB
gujaf-17	190	18	#	#	SYM
gujaf-17	190	19	143	143	NUM
gujaf-17	190	20	billion	billion	NUM
gujaf-17	190	21	and	and	CCONJ
gujaf-17	190	22	a	a	DET
gujaf-17	190	23	maximum	maximum	NOUN
gujaf-17	190	24	of	of	ADP
gujaf-17	190	25	#	#	SYM
gujaf-17	190	26	824	824	NUM
gujaf-17	190	27	billion	billion	NUM
gujaf-17	190	28	.	.	PUNCT
gujaf-17	191	1	roa	roa	PROPN
gujaf-17	191	2	roe	roe	PROPN
gujaf-17	191	3	-.32	-.32	PROPN
gujaf-17	192	1	.02	.02	NUM
gujaf-17	192	2	.63	.63	NUM
gujaf-17	192	3	1.88	1.88	NUM
gujaf-17	192	4	.09	.09	NUM
gujaf-17	192	5	.20	.20	NUM
gujaf-17	192	6	.16	.16	NUM
gujaf-17	192	7	.29	.29	NUM
gujaf-17	192	8	instown	instown	NOUN
gujaf-17	192	9	execown	execown	VERB
gujaf-17	192	10	bcomp	bcomp	ADJ
gujaf-17	192	11	bsize	bsize	VERB
gujaf-17	192	12	.05	.05	NUM
gujaf-17	192	13	.00	.00	NUM
gujaf-17	192	14	.5	.5	NUM
gujaf-17	192	15	5	5	NUM
gujaf-17	192	16	.87	.87	NUM
gujaf-17	192	17	.40	.40	NUM
gujaf-17	192	18	.91	.91	NUM
gujaf-17	192	19	11	11	NUM
gujaf-17	192	20	.30	.30	NUM
gujaf-17	192	21	.06	.06	NUM
gujaf-17	192	22	.67	.67	NUM
gujaf-17	192	23	8.52	8.52	NUM
gujaf-17	192	24	.30	.30	NUM
gujaf-17	192	25	.12	.12	NUM
gujaf-17	192	26	.11	.11	NUM
gujaf-17	192	27	1.46	1.46	NUM
gujaf-17	192	28	fsize	fsize	NOUN
gujaf-17	192	29	14.24	14.24	NUM
gujaf-17	192	30	18.24	18.24	NUM
gujaf-17	192	31	16.09	16.09	NUM
gujaf-17	192	32	.93	.93	NUM
gujaf-17	192	33	gujaf	gujaf	NOUN
gujaf-17	192	34	:	:	PUNCT
gujaf-17	192	35	gusau	gusau	PROPN
gujaf-17	192	36	journal	journal	NOUN
gujaf-17	192	37	of	of	ADP
gujaf-17	192	38	accounting	accounting	NOUN
gujaf-17	192	39	and	and	CCONJ
gujaf-17	192	40	finance	finance	NOUN
gujaf-17	192	41	,	,	PUNCT
gujaf-17	192	42	vol	vol	NOUN
gujaf-17	192	43	.	.	PUNCT
gujaf-17	193	1	i	i	PRON
gujaf-17	193	2	,	,	PUNCT
gujaf-17	193	3	issue	issue	NOUN
gujaf-17	193	4	1	1	NUM
gujaf-17	193	5	,	,	PUNCT
gujaf-17	193	6	april	april	PROPN
gujaf-17	193	7	,	,	PUNCT
gujaf-17	193	8	2020	2020	NUM
gujaf-17	193	9	issn	issn	VERB
gujaf-17	193	10	2756	2756	NUM
gujaf-17	193	11	-	-	PUNCT
gujaf-17	193	12	665x	665x	NOUN
gujaf-17	193	13	15	15	NUM
gujaf-17	193	14	table	table	NOUN
gujaf-17	193	15	2	2	NUM
gujaf-17	193	16	:	:	PUNCT
gujaf-17	193	17	correlation	correlation	NOUN
gujaf-17	193	18	matrix	matrix	NOUN
gujaf-17	193	19	source	source	NOUN
gujaf-17	193	20	:	:	PUNCT
gujaf-17	193	21	author	author	PROPN
gujaf-17	193	22	’s	’s	PART
gujaf-17	193	23	compilation	compilation	NOUN
gujaf-17	193	24	generated	generate	VERB
gujaf-17	193	25	using	use	VERB
gujaf-17	193	26	stata	stata	NOUN
gujaf-17	193	27	,	,	PUNCT
gujaf-17	193	28	2020	2020	NUM
gujaf-17	193	29	*	*	PUNCT
gujaf-17	193	30	correlation	correlation	NOUN
gujaf-17	193	31	is	be	AUX
gujaf-17	193	32	significant	significant	ADJ
gujaf-17	193	33	at	at	ADP
gujaf-17	193	34	1	1	NUM
gujaf-17	193	35	%	%	NOUN
gujaf-17	193	36	*	*	NOUN
gujaf-17	193	37	*	*	NOUN
gujaf-17	193	38	correlation	correlation	NOUN
gujaf-17	193	39	is	be	AUX
gujaf-17	193	40	significant	significant	ADJ
gujaf-17	193	41	at	at	ADP
gujaf-17	193	42	5	5	NUM
gujaf-17	193	43	%	%	NOUN
gujaf-17	193	44	variables	variable	NOUN
gujaf-17	193	45	execomp	execomp	NOUN
gujaf-17	193	46	roa	roa	PROPN
gujaf-17	193	47	roe	roe	PROPN
gujaf-17	193	48	instown	instown	PROPN
gujaf-17	193	49	execown	execown	NOUN
gujaf-17	193	50	bcom	bcom	PROPN
gujaf-17	193	51	bsize	bsize	PROPN
gujaf-17	193	52	fsize	fsize	NOUN
gujaf-17	193	53	execomp	execomp	NOUN
gujaf-17	193	54	1.000	1.000	NUM
gujaf-17	193	55	roa	roa	NOUN
gujaf-17	193	56	.160	.160	NUM
gujaf-17	193	57	1.00	1.00	NUM
gujaf-17	193	58	roe	roe	PROPN
gujaf-17	193	59	.307	.307	NUM
gujaf-17	193	60	*	*	PROPN
gujaf-17	193	61	*	*	PUNCT
gujaf-17	193	62	.114	.114	NUM
gujaf-17	193	63	1.00	1.00	NUM
gujaf-17	193	64	instown	instown	NOUN
gujaf-17	194	1	-.157	-.157	INTJ
gujaf-17	195	1	-.109	-.109	ADJ
gujaf-17	195	2	-.232	-.232	PROPN
gujaf-17	195	3	1.000	1.000	NUM
gujaf-17	195	4	execown	execown	VERB
gujaf-17	195	5	-.560	-.560	PROPN
gujaf-17	195	6	*	*	PUNCT
gujaf-17	195	7	-.139	-.139	ADJ
gujaf-17	195	8	-.267	-.267	NOUN
gujaf-17	195	9	.426	.426	NUM
gujaf-17	195	10	*	*	SYM
gujaf-17	195	11	1.000	1.000	NUM
gujaf-17	195	12	bcom	bcom	NOUN
gujaf-17	195	13	.347	.347	NUM
gujaf-17	195	14	*	*	PROPN
gujaf-17	195	15	*	*	PUNCT
gujaf-17	195	16	-.000	-.000	INTJ
gujaf-17	195	17	.053	.053	NUM
gujaf-17	196	1	-.347	-.347	ADJ
gujaf-17	196	2	*	*	PUNCT
gujaf-17	196	3	*	*	PUNCT
gujaf-17	196	4	-.276	-.276	PROPN
gujaf-17	196	5	*	*	PROPN
gujaf-17	196	6	*	*	PROPN
gujaf-17	196	7	1.000	1.000	NUM
gujaf-17	196	8	bsize	bsize	VERB
gujaf-17	196	9	.480	.480	NUM
gujaf-17	196	10	*	*	PUNCT
gujaf-17	197	1	-.007	-.007	VERB
gujaf-17	197	2	.446	.446	NUM
gujaf-17	197	3	*	*	PUNCT
gujaf-17	198	1	-.182	-.182	PROPN
gujaf-17	198	2	-.546	-.546	PROPN
gujaf-17	198	3	*	*	PUNCT
gujaf-17	198	4	-.259	-.259	NOUN
gujaf-17	198	5	1.000	1.000	NUM
gujaf-17	198	6	fsize	fsize	NOUN
gujaf-17	198	7	.375	.375	NUM
gujaf-17	198	8	*	*	PUNCT
gujaf-17	199	1	-.258	-.258	VERB
gujaf-17	199	2	-.178	-.178	PROPN
gujaf-17	199	3	.266	.266	NUM
gujaf-17	200	1	-.007	-.007	PROPN
gujaf-17	200	2	.390	.390	NUM
gujaf-17	200	3	*	*	NOUN
gujaf-17	200	4	.122	.122	NUM
gujaf-17	200	5	1.000	1.000	NUM
gujaf-17	200	6	gujaf	gujaf	NOUN
gujaf-17	200	7	:	:	PUNCT
gujaf-17	200	8	gusau	gusau	PROPN
gujaf-17	200	9	journal	journal	NOUN
gujaf-17	200	10	of	of	ADP
gujaf-17	200	11	accounting	accounting	NOUN
gujaf-17	200	12	and	and	CCONJ
gujaf-17	200	13	finance	finance	NOUN
gujaf-17	200	14	,	,	PUNCT
gujaf-17	200	15	vol	vol	NOUN
gujaf-17	200	16	.	.	PUNCT
gujaf-17	201	1	i	i	PRON
gujaf-17	201	2	,	,	PUNCT
gujaf-17	201	3	issue	issue	NOUN
gujaf-17	201	4	1	1	NUM
gujaf-17	201	5	,	,	PUNCT
gujaf-17	201	6	april	april	PROPN
gujaf-17	201	7	,	,	PUNCT
gujaf-17	201	8	2020	2020	NUM
gujaf-17	201	9	issn	issn	VERB
gujaf-17	201	10	2756	2756	NUM
gujaf-17	201	11	-	-	PUNCT
gujaf-17	201	12	665x	665x	NOUN
gujaf-17	201	13	16	16	NUM
gujaf-17	201	14	table	table	NOUN
gujaf-17	201	15	2	2	NUM
gujaf-17	201	16	shows	show	VERB
gujaf-17	201	17	the	the	DET
gujaf-17	201	18	correlation	correlation	NOUN
gujaf-17	201	19	matrix	matrix	NOUN
gujaf-17	201	20	with	with	ADP
gujaf-17	201	21	the	the	DET
gujaf-17	201	22	correlation	correlation	NOUN
gujaf-17	201	23	coefficient	coefficient	NOUN
gujaf-17	201	24	between	between	ADP
gujaf-17	201	25	all	all	DET
gujaf-17	201	26	pairs	pair	NOUN
gujaf-17	201	27	of	of	ADP
gujaf-17	201	28	variables	variable	NOUN
gujaf-17	201	29	along	along	ADP
gujaf-17	201	30	with	with	ADP
gujaf-17	201	31	their	their	PRON
gujaf-17	201	32	significances	significance	NOUN
gujaf-17	201	33	.	.	PUNCT
gujaf-17	202	1	the	the	DET
gujaf-17	202	2	result	result	NOUN
gujaf-17	202	3	shows	show	VERB
gujaf-17	202	4	that	that	SCONJ
gujaf-17	202	5	roa	roa	PROPN
gujaf-17	202	6	is	be	AUX
gujaf-17	202	7	16	16	NUM
gujaf-17	202	8	%	%	NOUN
gujaf-17	202	9	positively	positively	ADV
gujaf-17	202	10	related	relate	VERB
gujaf-17	202	11	with	with	ADP
gujaf-17	202	12	executive	executive	ADJ
gujaf-17	202	13	compensation	compensation	NOUN
gujaf-17	202	14	of	of	ADP
gujaf-17	202	15	listed	list	VERB
gujaf-17	202	16	conglomerates	conglomerate	NOUN
gujaf-17	202	17	in	in	ADP
gujaf-17	202	18	nigeria	nigeria	PROPN
gujaf-17	202	19	,	,	PUNCT
gujaf-17	202	20	although	although	SCONJ
gujaf-17	202	21	not	not	PART
gujaf-17	202	22	significant	significant	ADJ
gujaf-17	202	23	when	when	SCONJ
gujaf-17	202	24	compared	compare	VERB
gujaf-17	202	25	to	to	ADP
gujaf-17	202	26	the	the	DET
gujaf-17	202	27	positive	positive	ADJ
gujaf-17	202	28	correlation	correlation	NOUN
gujaf-17	202	29	of	of	ADP
gujaf-17	202	30	roe	roe	PROPN
gujaf-17	202	31	(	(	PUNCT
gujaf-17	202	32	31	31	NUM
gujaf-17	202	33	%	%	NOUN
gujaf-17	202	34	)	)	PUNCT
gujaf-17	202	35	,	,	PUNCT
gujaf-17	202	36	board	board	NOUN
gujaf-17	202	37	composition	composition	NOUN
gujaf-17	202	38	(	(	PUNCT
gujaf-17	202	39	35	35	NUM
gujaf-17	202	40	%	%	NOUN
gujaf-17	202	41	)	)	PUNCT
gujaf-17	202	42	and	and	CCONJ
gujaf-17	202	43	board	board	NOUN
gujaf-17	202	44	size	size	NOUN
gujaf-17	202	45	(	(	PUNCT
gujaf-17	202	46	48	48	NUM
gujaf-17	202	47	%	%	NOUN
gujaf-17	202	48	)	)	PUNCT
gujaf-17	202	49	with	with	ADP
gujaf-17	202	50	executive	executive	ADJ
gujaf-17	202	51	compensation	compensation	NOUN
gujaf-17	202	52	at	at	ADP
gujaf-17	202	53	5	5	NUM
gujaf-17	202	54	%	%	NOUN
gujaf-17	202	55	and	and	CCONJ
gujaf-17	202	56	1	1	NUM
gujaf-17	202	57	%	%	NOUN
gujaf-17	202	58	significant	significant	ADJ
gujaf-17	202	59	level	level	NOUN
gujaf-17	202	60	respectively	respectively	ADV
gujaf-17	202	61	.	.	PUNCT
gujaf-17	203	1	but	but	CCONJ
gujaf-17	203	2	institutional	institutional	ADJ
gujaf-17	203	3	and	and	CCONJ
gujaf-17	203	4	executive	executive	ADJ
gujaf-17	203	5	ownership	ownership	NOUN
gujaf-17	203	6	are	be	AUX
gujaf-17	203	7	negatively	negatively	ADV
gujaf-17	203	8	related	relate	VERB
gujaf-17	203	9	to	to	ADP
gujaf-17	203	10	executive	executive	ADJ
gujaf-17	203	11	compensation	compensation	NOUN
gujaf-17	203	12	.	.	PUNCT
gujaf-17	204	1	the	the	DET
gujaf-17	204	2	table	table	NOUN
gujaf-17	204	3	also	also	ADV
gujaf-17	204	4	revealed	reveal	VERB
gujaf-17	204	5	an	an	DET
gujaf-17	204	6	insignificant	insignificant	ADJ
gujaf-17	204	7	relationship	relationship	NOUN
gujaf-17	204	8	between	between	ADP
gujaf-17	204	9	the	the	DET
gujaf-17	204	10	explanatory	explanatory	ADJ
gujaf-17	204	11	variables	variable	NOUN
gujaf-17	204	12	themselves	themselves	PRON
gujaf-17	204	13	except	except	SCONJ
gujaf-17	204	14	for	for	ADP
gujaf-17	204	15	board	board	NOUN
gujaf-17	204	16	size	size	NOUN
gujaf-17	204	17	that	that	PRON
gujaf-17	204	18	was	be	AUX
gujaf-17	204	19	negatively	negatively	ADV
gujaf-17	204	20	and	and	CCONJ
gujaf-17	204	21	strongly	strongly	ADV
gujaf-17	204	22	correlated	correlate	VERB
gujaf-17	204	23	with	with	ADP
gujaf-17	204	24	executive	executive	ADJ
gujaf-17	204	25	ownership	ownership	NOUN
gujaf-17	204	26	of	of	ADP
gujaf-17	204	27	the	the	DET
gujaf-17	204	28	sampled	sample	VERB
gujaf-17	204	29	firms	firm	NOUN
gujaf-17	204	30	under	under	ADP
gujaf-17	204	31	study	study	NOUN
gujaf-17	204	32	to	to	ADP
gujaf-17	204	33	about	about	ADV
gujaf-17	204	34	55	55	NUM
gujaf-17	204	35	%	%	NOUN
gujaf-17	204	36	.	.	PUNCT
gujaf-17	205	1	however	however	ADV
gujaf-17	205	2	,	,	PUNCT
gujaf-17	205	3	this	this	PRON
gujaf-17	205	4	may	may	AUX
gujaf-17	205	5	not	not	PART
gujaf-17	205	6	be	be	AUX
gujaf-17	205	7	enough	enough	ADJ
gujaf-17	205	8	evidence	evidence	NOUN
gujaf-17	205	9	to	to	PART
gujaf-17	205	10	strongly	strongly	ADV
gujaf-17	205	11	justify	justify	VERB
gujaf-17	205	12	the	the	DET
gujaf-17	205	13	presence	presence	NOUN
gujaf-17	205	14	or	or	CCONJ
gujaf-17	205	15	existence	existence	NOUN
gujaf-17	205	16	of	of	ADP
gujaf-17	205	17	multicolinearity	multicolinearity	NOUN
gujaf-17	205	18	and	and	CCONJ
gujaf-17	205	19	autocorrelation	autocorrelation	NOUN
gujaf-17	205	20	problems	problem	NOUN
gujaf-17	205	21	among	among	ADP
gujaf-17	205	22	the	the	DET
gujaf-17	205	23	independent	independent	ADJ
gujaf-17	205	24	variables	variable	NOUN
gujaf-17	205	25	under	under	ADP
gujaf-17	205	26	study	study	NOUN
gujaf-17	205	27	before	before	ADP
gujaf-17	205	28	computing	compute	VERB
gujaf-17	205	29	the	the	DET
gujaf-17	205	30	tolerance	tolerance	NOUN
gujaf-17	205	31	value	value	NOUN
gujaf-17	205	32	and	and	CCONJ
gujaf-17	205	33	vif	vif	PROPN
gujaf-17	205	34	.	.	PUNCT
gujaf-17	205	35	where	where	SCONJ
gujaf-17	205	36	the	the	DET
gujaf-17	205	37	result	result	NOUN
gujaf-17	205	38	obtained	obtain	VERB
gujaf-17	205	39	from	from	ADP
gujaf-17	205	40	the	the	DET
gujaf-17	205	41	tolerance	tolerance	NOUN
gujaf-17	205	42	value	value	NOUN
gujaf-17	205	43	and	and	CCONJ
gujaf-17	205	44	vif	vif	NOUN
gujaf-17	205	45	was	be	AUX
gujaf-17	205	46	above	above	ADP
gujaf-17	205	47	the	the	DET
gujaf-17	205	48	expected	expect	VERB
gujaf-17	205	49	limits	limit	NOUN
gujaf-17	205	50	and	and	CCONJ
gujaf-17	205	51	inconsistent	inconsistent	ADJ
gujaf-17	205	52	with	with	ADP
gujaf-17	205	53	the	the	DET
gujaf-17	205	54	rule	rule	NOUN
gujaf-17	205	55	of	of	ADP
gujaf-17	205	56	thumb	thumb	NOUN
gujaf-17	205	57	of	of	ADP
gujaf-17	205	58	less	less	ADJ
gujaf-17	205	59	than	than	ADP
gujaf-17	205	60	1	1	NUM
gujaf-17	205	61	and	and	CCONJ
gujaf-17	205	62	10	10	NUM
gujaf-17	205	63	then	then	ADV
gujaf-17	205	64	the	the	DET
gujaf-17	205	65	problems	problem	NOUN
gujaf-17	205	66	of	of	ADP
gujaf-17	205	67	multicolinearity	multicolinearity	NOUN
gujaf-17	205	68	exist	exist	VERB
gujaf-17	205	69	among	among	ADP
gujaf-17	205	70	the	the	DET
gujaf-17	205	71	independent	independent	ADJ
gujaf-17	205	72	variables	variable	NOUN
gujaf-17	205	73	.	.	PUNCT
gujaf-17	206	1	the	the	DET
gujaf-17	206	2	tolerance	tolerance	NOUN
gujaf-17	206	3	value	value	NOUN
gujaf-17	206	4	and	and	CCONJ
gujaf-17	206	5	vif	vif	NOUN
gujaf-17	206	6	were	be	AUX
gujaf-17	206	7	computed	compute	VERB
gujaf-17	206	8	to	to	PART
gujaf-17	206	9	assess	assess	VERB
gujaf-17	206	10	the	the	DET
gujaf-17	206	11	presence	presence	NOUN
gujaf-17	206	12	of	of	ADP
gujaf-17	206	13	multicolinearity	multicolinearity	NOUN
gujaf-17	206	14	using	use	VERB
gujaf-17	206	15	stata	stata	NOUN
gujaf-17	206	16	11	11	NUM
gujaf-17	206	17	,	,	PUNCT
gujaf-17	206	18	and	and	CCONJ
gujaf-17	206	19	the	the	DET
gujaf-17	206	20	result	result	NOUN
gujaf-17	206	21	found	find	VERB
gujaf-17	206	22	was	be	AUX
gujaf-17	206	23	consistently	consistently	ADV
gujaf-17	206	24	less	less	ADJ
gujaf-17	206	25	than	than	ADP
gujaf-17	206	26	1	1	NUM
gujaf-17	206	27	and	and	CCONJ
gujaf-17	206	28	10	10	NUM
gujaf-17	206	29	respectively	respectively	ADV
gujaf-17	206	30	.	.	PUNCT
gujaf-17	207	1	this	this	PRON
gujaf-17	207	2	is	be	AUX
gujaf-17	207	3	indicating	indicate	VERB
gujaf-17	207	4	that	that	SCONJ
gujaf-17	207	5	multicolinearity	multicolinearity	NOUN
gujaf-17	207	6	is	be	AUX
gujaf-17	207	7	not	not	PART
gujaf-17	207	8	posing	pose	VERB
gujaf-17	207	9	a	a	DET
gujaf-17	207	10	hitch	hitch	NOUN
gujaf-17	207	11	and	and	CCONJ
gujaf-17	207	12	the	the	DET
gujaf-17	207	13	appropriateness	appropriateness	NOUN
gujaf-17	207	14	and	and	CCONJ
gujaf-17	207	15	fitness	fitness	NOUN
gujaf-17	207	16	of	of	ADP
gujaf-17	207	17	the	the	DET
gujaf-17	207	18	model	model	NOUN
gujaf-17	207	19	of	of	ADP
gujaf-17	207	20	study	study	NOUN
gujaf-17	207	21	.	.	PUNCT
gujaf-17	208	1	table	table	NOUN
gujaf-17	208	2	3	3	NUM
gujaf-17	208	3	:	:	PUNCT
gujaf-17	208	4	regression	regression	NOUN
gujaf-17	208	5	results	result	NOUN
gujaf-17	208	6	source	source	NOUN
gujaf-17	208	7	:	:	PUNCT
gujaf-17	208	8	output	output	NOUN
gujaf-17	208	9	stata	stata	PROPN
gujaf-17	208	10	,	,	PUNCT
gujaf-17	208	11	2020	2020	NUM
gujaf-17	208	12	variables	variable	NOUN
gujaf-17	208	13	coefficients	coefficient	VERB
gujaf-17	208	14	t	t	PROPN
gujaf-17	208	15	-	-	PUNCT
gujaf-17	208	16	statistics	statistic	NOUN
gujaf-17	208	17	t	t	PROPN
gujaf-17	208	18	-	-	PUNCT
gujaf-17	208	19	sig	sig	NOUN
gujaf-17	208	20	vif	vif	NOUN
gujaf-17	208	21	tolerance	tolerance	NOUN
gujaf-17	208	22	cons	con	NOUN
gujaf-17	208	23	.177	.177	NUM
gujaf-17	208	24	.07	.07	NUM
gujaf-17	208	25	.942	.942	NUM
gujaf-17	208	26	roa	roa	PROPN
gujaf-17	208	27	roe	roe	PROPN
gujaf-17	208	28	1.477	1.477	NUM
gujaf-17	208	29	.851	.851	NUM
gujaf-17	208	30	1.84	1.84	NUM
gujaf-17	208	31	1.76	1.76	NUM
gujaf-17	208	32	.072	.072	NUM
gujaf-17	208	33	.085	.085	NUM
gujaf-17	208	34	1.12	1.12	NUM
gujaf-17	208	35	1.36	1.36	NUM
gujaf-17	208	36	.895	.895	NUM
gujaf-17	208	37	.734	.734	NUM
gujaf-17	208	38	instown	instown	NOUN
gujaf-17	208	39	execown	execown	VERB
gujaf-17	208	40	bcomp	bcomp	ADJ
gujaf-17	208	41	bsize	bsize	NOUN
gujaf-17	208	42	fsize	fsize	NOUN
gujaf-17	208	43	r2	r2	PROPN
gujaf-17	208	44	adj	adj	PROPN
gujaf-17	208	45	r2	r2	PROPN
gujaf-17	208	46	f.	f.	PROPN
gujaf-17	208	47	statistics	statistics	PROPN
gujaf-17	209	1	-.005	-.005	PROPN
gujaf-17	209	2	-4.316	-4.316	PROPN
gujaf-17	209	3	.271	.271	NUM
gujaf-17	209	4	.089	.089	NUM
gujaf-17	209	5	.574	.574	NUM
gujaf-17	210	1	-.01	-.01	PROPN
gujaf-17	210	2	-3.14	-3.14	NUM
gujaf-17	210	3	.20	.20	NUM
gujaf-17	210	4	.80	.80	NUM
gujaf-17	210	5	3.40	3.40	NUM
gujaf-17	210	6	.993	.993	NUM
gujaf-17	210	7	.003	.003	NUM
gujaf-17	210	8	.843	.843	NUM
gujaf-17	210	9	.427	.427	NUM
gujaf-17	210	10	.001	.001	NUM
gujaf-17	210	11	.547	.547	NUM
gujaf-17	210	12	.478	.478	NUM
gujaf-17	210	13	7.94	7.94	NUM
gujaf-17	210	14	1.58	1.58	NUM
gujaf-17	210	15	1.74	1.74	NUM
gujaf-17	210	16	1.64	1.64	NUM
gujaf-17	210	17	1.79	1.79	NUM
gujaf-17	210	18	1.67	1.67	NUM
gujaf-17	210	19	.632	.632	NUM
gujaf-17	210	20	.576	.576	NUM
gujaf-17	210	21	.610	.610	NUM
gujaf-17	210	22	.558	.558	NUM
gujaf-17	210	23	.599	.599	NUM
gujaf-17	210	24	significance	significance	NOUN
gujaf-17	210	25	0.000	0.000	NUM
gujaf-17	210	26	gujaf	gujaf	NOUN
gujaf-17	210	27	:	:	PUNCT
gujaf-17	210	28	gusau	gusau	PROPN
gujaf-17	210	29	journal	journal	NOUN
gujaf-17	210	30	of	of	ADP
gujaf-17	210	31	accounting	accounting	NOUN
gujaf-17	210	32	and	and	CCONJ
gujaf-17	210	33	finance	finance	NOUN
gujaf-17	210	34	,	,	PUNCT
gujaf-17	210	35	vol	vol	NOUN
gujaf-17	210	36	.	.	PUNCT
gujaf-17	211	1	i	i	PRON
gujaf-17	211	2	,	,	PUNCT
gujaf-17	211	3	issue	issue	NOUN
gujaf-17	211	4	1	1	NUM
gujaf-17	211	5	,	,	PUNCT
gujaf-17	211	6	april	april	PROPN
gujaf-17	211	7	,	,	PUNCT
gujaf-17	211	8	2020	2020	NUM
gujaf-17	211	9	issn	issn	VERB
gujaf-17	211	10	2756	2756	NUM
gujaf-17	211	11	-	-	PUNCT
gujaf-17	211	12	665x	665x	NOUN
gujaf-17	211	13	17	17	NUM
gujaf-17	211	14	the	the	DET
gujaf-17	211	15	multiple	multiple	ADJ
gujaf-17	211	16	coefficient	coefficient	NOUN
gujaf-17	211	17	of	of	ADP
gujaf-17	211	18	determination	determination	NOUN
gujaf-17	211	19	(	(	PUNCT
gujaf-17	211	20	r2	r2	PROPN
gujaf-17	211	21	)	)	PUNCT
gujaf-17	211	22	gives	give	VERB
gujaf-17	211	23	the	the	DET
gujaf-17	211	24	ratio	ratio	NOUN
gujaf-17	211	25	of	of	ADP
gujaf-17	211	26	total	total	ADJ
gujaf-17	211	27	variation	variation	NOUN
gujaf-17	211	28	in	in	ADP
gujaf-17	211	29	the	the	DET
gujaf-17	211	30	dependent	dependent	ADJ
gujaf-17	211	31	variable	variable	NOUN
gujaf-17	211	32	expanciated	expanciate	VERB
gujaf-17	211	33	by	by	ADP
gujaf-17	211	34	the	the	DET
gujaf-17	211	35	explanatory	explanatory	ADJ
gujaf-17	211	36	variable	variable	NOUN
gujaf-17	211	37	jointly	jointly	ADV
gujaf-17	211	38	.	.	PUNCT
gujaf-17	212	1	it	it	PRON
gujaf-17	212	2	signifies	signify	VERB
gujaf-17	212	3	that	that	SCONJ
gujaf-17	212	4	55	55	NUM
gujaf-17	212	5	%	%	NOUN
gujaf-17	212	6	of	of	ADP
gujaf-17	212	7	the	the	DET
gujaf-17	212	8	whole	whole	ADJ
gujaf-17	212	9	variation	variation	NOUN
gujaf-17	212	10	in	in	ADP
gujaf-17	212	11	executive	executive	ADJ
gujaf-17	212	12	compensation	compensation	NOUN
gujaf-17	212	13	of	of	ADP
gujaf-17	212	14	listed	list	VERB
gujaf-17	212	15	conglomerates	conglomerate	NOUN
gujaf-17	212	16	in	in	ADP
gujaf-17	212	17	nigeria	nigeria	PROPN
gujaf-17	212	18	is	be	AUX
gujaf-17	212	19	caused	cause	VERB
gujaf-17	212	20	by	by	ADP
gujaf-17	212	21	their	their	PRON
gujaf-17	212	22	return	return	NOUN
gujaf-17	212	23	on	on	ADP
gujaf-17	212	24	asset	asset	NOUN
gujaf-17	212	25	,	,	PUNCT
gujaf-17	212	26	return	return	VERB
gujaf-17	212	27	on	on	ADP
gujaf-17	212	28	equity	equity	NOUN
gujaf-17	212	29	,	,	PUNCT
gujaf-17	212	30	proportion	proportion	NOUN
gujaf-17	212	31	of	of	ADP
gujaf-17	212	32	shares	share	NOUN
gujaf-17	212	33	held	hold	VERB
gujaf-17	212	34	by	by	ADP
gujaf-17	212	35	institutions	institution	NOUN
gujaf-17	212	36	,	,	PUNCT
gujaf-17	212	37	proportion	proportion	NOUN
gujaf-17	212	38	of	of	ADP
gujaf-17	212	39	shares	share	NOUN
gujaf-17	212	40	held	hold	VERB
gujaf-17	212	41	by	by	ADP
gujaf-17	212	42	executive	executive	ADJ
gujaf-17	212	43	directors	director	NOUN
gujaf-17	212	44	,	,	PUNCT
gujaf-17	212	45	proportion	proportion	NOUN
gujaf-17	212	46	of	of	ADP
gujaf-17	212	47	non	non	ADJ
gujaf-17	212	48	-	-	ADJ
gujaf-17	212	49	executive	executive	ADJ
gujaf-17	212	50	directors	director	NOUN
gujaf-17	212	51	,	,	PUNCT
gujaf-17	212	52	board	board	NOUN
gujaf-17	212	53	size	size	NOUN
gujaf-17	212	54	and	and	CCONJ
gujaf-17	212	55	firm	firm	ADJ
gujaf-17	212	56	size	size	NOUN
gujaf-17	212	57	,	,	PUNCT
gujaf-17	212	58	while	while	SCONJ
gujaf-17	212	59	45	45	NUM
gujaf-17	212	60	%	%	NOUN
gujaf-17	212	61	is	be	AUX
gujaf-17	212	62	caused	cause	VERB
gujaf-17	212	63	by	by	ADP
gujaf-17	212	64	factors	factor	NOUN
gujaf-17	212	65	outside	outside	ADP
gujaf-17	212	66	the	the	DET
gujaf-17	212	67	model	model	NOUN
gujaf-17	212	68	.	.	PUNCT
gujaf-17	213	1	the	the	DET
gujaf-17	213	2	f	f	PROPN
gujaf-17	213	3	-	-	PUNCT
gujaf-17	213	4	statistics	statistic	NOUN
gujaf-17	213	5	is	be	AUX
gujaf-17	213	6	7.94	7.94	NUM
gujaf-17	213	7	,	,	PUNCT
gujaf-17	213	8	which	which	PRON
gujaf-17	213	9	shows	show	VERB
gujaf-17	213	10	that	that	SCONJ
gujaf-17	213	11	the	the	DET
gujaf-17	213	12	model	model	NOUN
gujaf-17	213	13	is	be	AUX
gujaf-17	213	14	ok	ok	ADJ
gujaf-17	213	15	and	and	CCONJ
gujaf-17	213	16	the	the	DET
gujaf-17	213	17	explanatory	explanatory	ADJ
gujaf-17	213	18	variable	variable	NOUN
gujaf-17	213	19	are	be	AUX
gujaf-17	213	20	properly	properly	ADV
gujaf-17	213	21	chosen	choose	VERB
gujaf-17	213	22	,	,	PUNCT
gujaf-17	213	23	combined	combine	VERB
gujaf-17	213	24	and	and	CCONJ
gujaf-17	213	25	adopted	adopt	VERB
gujaf-17	213	26	.	.	PUNCT
gujaf-17	214	1	roa	roa	PROPN
gujaf-17	214	2	and	and	CCONJ
gujaf-17	214	3	executive	executive	PROPN
gujaf-17	214	4	compensation	compensation	NOUN
gujaf-17	214	5	firm	firm	ADJ
gujaf-17	214	6	financial	financial	ADJ
gujaf-17	214	7	performance	performance	NOUN
gujaf-17	214	8	measured	measure	VERB
gujaf-17	214	9	by	by	ADP
gujaf-17	214	10	roa	roa	PROPN
gujaf-17	214	11	is	be	AUX
gujaf-17	214	12	found	find	VERB
gujaf-17	214	13	to	to	PART
gujaf-17	214	14	be	be	AUX
gujaf-17	214	15	significant	significant	ADJ
gujaf-17	214	16	and	and	CCONJ
gujaf-17	214	17	positively	positively	ADV
gujaf-17	214	18	correlated	correlate	VERB
gujaf-17	214	19	with	with	ADP
gujaf-17	214	20	executive	executive	ADJ
gujaf-17	214	21	compensation	compensation	NOUN
gujaf-17	214	22	at	at	ADP
gujaf-17	214	23	10	10	NUM
gujaf-17	214	24	%	%	NOUN
gujaf-17	214	25	level	level	NOUN
gujaf-17	214	26	of	of	ADP
gujaf-17	214	27	significance	significance	NOUN
gujaf-17	214	28	,	,	PUNCT
gujaf-17	214	29	indicating	indicate	VERB
gujaf-17	214	30	that	that	SCONJ
gujaf-17	214	31	the	the	PRON
gujaf-17	214	32	higher	high	ADJ
gujaf-17	214	33	the	the	DET
gujaf-17	214	34	return	return	NOUN
gujaf-17	214	35	on	on	ADP
gujaf-17	214	36	asset	asset	NOUN
gujaf-17	214	37	of	of	ADP
gujaf-17	214	38	listed	list	VERB
gujaf-17	214	39	conglomerates	conglomerate	NOUN
gujaf-17	214	40	in	in	ADP
gujaf-17	214	41	nigeria	nigeria	PROPN
gujaf-17	214	42	,	,	PUNCT
gujaf-17	214	43	the	the	PRON
gujaf-17	214	44	higher	high	ADJ
gujaf-17	214	45	the	the	DET
gujaf-17	214	46	compensation	compensation	NOUN
gujaf-17	214	47	received	receive	VERB
gujaf-17	214	48	by	by	ADP
gujaf-17	214	49	its	its	PRON
gujaf-17	214	50	executive	executive	ADJ
gujaf-17	214	51	directors	director	NOUN
gujaf-17	214	52	.	.	PUNCT
gujaf-17	215	1	it	it	PRON
gujaf-17	215	2	also	also	ADV
gujaf-17	215	3	shows	show	VERB
gujaf-17	215	4	that	that	SCONJ
gujaf-17	215	5	at	at	ADP
gujaf-17	215	6	every	every	DET
gujaf-17	215	7	one	one	NUM
gujaf-17	215	8	percent	percent	NOUN
gujaf-17	215	9	(	(	PUNCT
gujaf-17	215	10	1	1	NUM
gujaf-17	215	11	%	%	NOUN
gujaf-17	215	12	)	)	PUNCT
gujaf-17	215	13	increase	increase	NOUN
gujaf-17	215	14	in	in	ADP
gujaf-17	215	15	roa	roa	PROPN
gujaf-17	215	16	,	,	PUNCT
gujaf-17	215	17	the	the	DET
gujaf-17	215	18	compensation	compensation	NOUN
gujaf-17	215	19	received	receive	VERB
gujaf-17	215	20	by	by	ADP
gujaf-17	215	21	the	the	DET
gujaf-17	215	22	executive	executive	ADJ
gujaf-17	215	23	directors	director	NOUN
gujaf-17	215	24	of	of	ADP
gujaf-17	215	25	listed	list	VERB
gujaf-17	215	26	conglomerates	conglomerate	NOUN
gujaf-17	215	27	in	in	ADP
gujaf-17	215	28	nigeria	nigeria	PROPN
gujaf-17	215	29	increases	increase	NOUN
gujaf-17	215	30	by	by	ADP
gujaf-17	215	31	#	#	SYM
gujaf-17	215	32	1.84k	1.84k	NUM
gujaf-17	215	33	.	.	PUNCT
gujaf-17	216	1	therefore	therefore	ADV
gujaf-17	216	2	,	,	PUNCT
gujaf-17	216	3	this	this	PRON
gujaf-17	216	4	provides	provide	VERB
gujaf-17	216	5	reason	reason	NOUN
gujaf-17	216	6	of	of	ADP
gujaf-17	216	7	not	not	PART
gujaf-17	216	8	accepting	accept	VERB
gujaf-17	216	9	hypothesis	hypothesis	NOUN
gujaf-17	216	10	one	one	NUM
gujaf-17	216	11	of	of	ADP
gujaf-17	216	12	the	the	DET
gujaf-17	216	13	study	study	NOUN
gujaf-17	216	14	,	,	PUNCT
gujaf-17	216	15	which	which	PRON
gujaf-17	216	16	stated	state	VERB
gujaf-17	216	17	that	that	SCONJ
gujaf-17	216	18	return	return	NOUN
gujaf-17	216	19	on	on	ADP
gujaf-17	216	20	asset	asset	NOUN
gujaf-17	216	21	has	have	VERB
gujaf-17	216	22	no	no	DET
gujaf-17	216	23	significant	significant	ADJ
gujaf-17	216	24	impact	impact	NOUN
gujaf-17	216	25	on	on	ADP
gujaf-17	216	26	executive	executive	ADJ
gujaf-17	216	27	compensation	compensation	NOUN
gujaf-17	216	28	of	of	ADP
gujaf-17	216	29	listed	list	VERB
gujaf-17	216	30	conglomerates	conglomerate	NOUN
gujaf-17	216	31	in	in	ADP
gujaf-17	216	32	nigeria	nigeria	PROPN
gujaf-17	216	33	.	.	PUNCT
gujaf-17	217	1	this	this	DET
gujaf-17	217	2	result	result	NOUN
gujaf-17	217	3	is	be	AUX
gujaf-17	217	4	consistent	consistent	ADJ
gujaf-17	217	5	with	with	ADP
gujaf-17	217	6	the	the	DET
gujaf-17	217	7	findings	finding	NOUN
gujaf-17	217	8	of	of	ADP
gujaf-17	217	9	jensen	jensen	PROPN
gujaf-17	217	10	&	&	CCONJ
gujaf-17	217	11	murphy	murphy	PROPN
gujaf-17	217	12	(	(	PUNCT
gujaf-17	217	13	1990	1990	NUM
gujaf-17	217	14	)	)	PUNCT
gujaf-17	217	15	,	,	PUNCT
gujaf-17	217	16	conyon	conyon	NOUN
gujaf-17	217	17	&	&	CCONJ
gujaf-17	217	18	leech	leech	NOUN
gujaf-17	217	19	(	(	PUNCT
gujaf-17	217	20	1994	1994	NUM
gujaf-17	217	21	)	)	PUNCT
gujaf-17	217	22	,	,	PUNCT
gujaf-17	217	23	wallsten	wallsten	VERB
gujaf-17	217	24	(	(	PUNCT
gujaf-17	217	25	2000	2000	NUM
gujaf-17	217	26	)	)	PUNCT
gujaf-17	217	27	,	,	PUNCT
gujaf-17	217	28	kato	kato	PROPN
gujaf-17	217	29	&	&	CCONJ
gujaf-17	217	30	kubo	kubo	PROPN
gujaf-17	217	31	(	(	PUNCT
gujaf-17	217	32	2004	2004	NUM
gujaf-17	217	33	)	)	PUNCT
gujaf-17	217	34	,	,	PUNCT
gujaf-17	217	35	gregg	gregg	PROPN
gujaf-17	217	36	et	et	PROPN
gujaf-17	217	37	al	al	PROPN
gujaf-17	217	38	(	(	PUNCT
gujaf-17	217	39	2005	2005	NUM
gujaf-17	217	40	)	)	PUNCT
gujaf-17	217	41	,	,	PUNCT
gujaf-17	217	42	ruge	ruge	NOUN
gujaf-17	217	43	-	-	PUNCT
gujaf-17	217	44	murcia	murcia	PROPN
gujaf-17	217	45	(	(	PUNCT
gujaf-17	217	46	2005	2005	NUM
gujaf-17	217	47	)	)	PUNCT
gujaf-17	217	48	,	,	PUNCT
gujaf-17	217	49	ozkan	ozkan	X
gujaf-17	217	50	(	(	PUNCT
gujaf-17	217	51	2007	2007	NUM
gujaf-17	217	52	)	)	PUNCT
gujaf-17	217	53	,	,	PUNCT
gujaf-17	217	54	boostman	boostman	NOUN
gujaf-17	217	55	(	(	PUNCT
gujaf-17	217	56	2009	2009	NUM
gujaf-17	217	57	)	)	PUNCT
gujaf-17	217	58	,	,	PUNCT
gujaf-17	217	59	gorre	gorre	X
gujaf-17	217	60	(	(	PUNCT
gujaf-17	217	61	2011	2011	NUM
gujaf-17	217	62	)	)	PUNCT
gujaf-17	217	63	,	,	PUNCT
gujaf-17	217	64	ayodele	ayodele	PROPN
gujaf-17	217	65	(	(	PUNCT
gujaf-17	217	66	2012	2012	NUM
gujaf-17	217	67	)	)	PUNCT
gujaf-17	217	68	,	,	PUNCT
gujaf-17	217	69	scholtz	scholtz	NOUN
gujaf-17	217	70	and	and	CCONJ
gujaf-17	217	71	smit	smit	PROPN
gujaf-17	217	72	(	(	PUNCT
gujaf-17	217	73	2012	2012	NUM
gujaf-17	217	74	)	)	PUNCT
gujaf-17	217	75	,	,	PUNCT
gujaf-17	217	76	givas	givas	NOUN
gujaf-17	217	77	(	(	PUNCT
gujaf-17	217	78	2013	2013	NUM
gujaf-17	217	79	)	)	PUNCT
gujaf-17	217	80	and	and	CCONJ
gujaf-17	217	81	kurawa	kurawa	PROPN
gujaf-17	217	82	&	&	CCONJ
gujaf-17	217	83	saidu	saidu	PROPN
gujaf-17	217	84	(	(	PUNCT
gujaf-17	217	85	2014	2014	NUM
gujaf-17	217	86	)	)	PUNCT
gujaf-17	217	87	,	,	PUNCT
gujaf-17	217	88	but	but	CCONJ
gujaf-17	217	89	contrary	contrary	ADV
gujaf-17	217	90	to	to	ADP
gujaf-17	217	91	the	the	DET
gujaf-17	217	92	reported	report	VERB
gujaf-17	217	93	results	result	NOUN
gujaf-17	217	94	of	of	ADP
gujaf-17	217	95	hojen	hojen	NOUN
gujaf-17	217	96	(	(	PUNCT
gujaf-17	217	97	2007	2007	NUM
gujaf-17	217	98	)	)	PUNCT
gujaf-17	217	99	,	,	PUNCT
gujaf-17	217	100	duffhues	duffhue	NOUN
gujaf-17	217	101	&	&	CCONJ
gujaf-17	217	102	kabir	kabir	PROPN
gujaf-17	217	103	(	(	PUNCT
gujaf-17	217	104	2008	2008	NUM
gujaf-17	217	105	)	)	PUNCT
gujaf-17	217	106	,	,	PUNCT
gujaf-17	217	107	tariq	tariq	NOUN
gujaf-17	217	108	(	(	PUNCT
gujaf-17	217	109	2010	2010	NUM
gujaf-17	217	110	)	)	PUNCT
gujaf-17	217	111	,	,	PUNCT
gujaf-17	217	112	aduda	aduda	NOUN
gujaf-17	217	113	(	(	PUNCT
gujaf-17	217	114	2011	2011	NUM
gujaf-17	217	115	)	)	PUNCT
gujaf-17	217	116	and	and	CCONJ
gujaf-17	217	117	erick	erick	PROPN
gujaf-17	217	118	et	et	PROPN
gujaf-17	217	119	al	al	PROPN
gujaf-17	217	120	(	(	PUNCT
gujaf-17	217	121	2014	2014	NUM
gujaf-17	217	122	)	)	PUNCT
gujaf-17	217	123	.	.	PUNCT
gujaf-17	218	1	roe	roe	NOUN
gujaf-17	218	2	and	and	CCONJ
gujaf-17	218	3	executive	executive	PROPN
gujaf-17	218	4	compensation	compensation	PROPN
gujaf-17	218	5	roe	roe	NOUN
gujaf-17	218	6	is	be	AUX
gujaf-17	218	7	also	also	ADV
gujaf-17	218	8	found	find	VERB
gujaf-17	218	9	to	to	PART
gujaf-17	218	10	be	be	AUX
gujaf-17	218	11	significant	significant	ADJ
gujaf-17	218	12	and	and	CCONJ
gujaf-17	218	13	positively	positively	ADV
gujaf-17	218	14	associated	associate	VERB
gujaf-17	218	15	with	with	ADP
gujaf-17	218	16	executive	executive	ADJ
gujaf-17	218	17	pay	pay	NOUN
gujaf-17	218	18	at	at	ADP
gujaf-17	218	19	10	10	NUM
gujaf-17	218	20	%	%	NOUN
gujaf-17	218	21	level	level	NOUN
gujaf-17	218	22	of	of	ADP
gujaf-17	218	23	significance	significance	NOUN
gujaf-17	218	24	,	,	PUNCT
gujaf-17	218	25	indicating	indicate	VERB
gujaf-17	218	26	that	that	SCONJ
gujaf-17	218	27	,	,	PUNCT
gujaf-17	218	28	the	the	PRON
gujaf-17	218	29	higher	high	ADJ
gujaf-17	218	30	the	the	DET
gujaf-17	218	31	return	return	NOUN
gujaf-17	218	32	on	on	ADP
gujaf-17	218	33	equity	equity	NOUN
gujaf-17	218	34	of	of	ADP
gujaf-17	218	35	listed	list	VERB
gujaf-17	218	36	conglomerates	conglomerate	NOUN
gujaf-17	218	37	in	in	ADP
gujaf-17	218	38	nigeria	nigeria	PROPN
gujaf-17	218	39	,	,	PUNCT
gujaf-17	218	40	the	the	PRON
gujaf-17	218	41	higher	high	ADJ
gujaf-17	218	42	the	the	DET
gujaf-17	218	43	compensation	compensation	NOUN
gujaf-17	218	44	received	receive	VERB
gujaf-17	218	45	by	by	ADP
gujaf-17	218	46	its	its	PRON
gujaf-17	218	47	executive	executive	ADJ
gujaf-17	218	48	directors	director	NOUN
gujaf-17	218	49	.	.	PUNCT
gujaf-17	219	1	this	this	PRON
gujaf-17	219	2	shows	show	VERB
gujaf-17	219	3	that	that	SCONJ
gujaf-17	219	4	at	at	ADP
gujaf-17	219	5	every	every	DET
gujaf-17	219	6	one	one	NUM
gujaf-17	219	7	percent	percent	NOUN
gujaf-17	219	8	(	(	PUNCT
gujaf-17	219	9	1	1	NUM
gujaf-17	219	10	%	%	NOUN
gujaf-17	219	11	)	)	PUNCT
gujaf-17	219	12	increase	increase	NOUN
gujaf-17	219	13	in	in	ADP
gujaf-17	219	14	roe	roe	NOUN
gujaf-17	219	15	,	,	PUNCT
gujaf-17	219	16	the	the	DET
gujaf-17	219	17	compensation	compensation	NOUN
gujaf-17	219	18	received	receive	VERB
gujaf-17	219	19	by	by	ADP
gujaf-17	219	20	the	the	DET
gujaf-17	219	21	executive	executive	ADJ
gujaf-17	219	22	directors	director	NOUN
gujaf-17	219	23	of	of	ADP
gujaf-17	219	24	listed	list	VERB
gujaf-17	219	25	conglomerates	conglomerate	NOUN
gujaf-17	219	26	in	in	ADP
gujaf-17	219	27	nigeria	nigeria	PROPN
gujaf-17	219	28	increases	increase	NOUN
gujaf-17	219	29	by	by	ADP
gujaf-17	219	30	#	#	SYM
gujaf-17	219	31	1.76k	1.76k	NUM
gujaf-17	219	32	.	.	PUNCT
gujaf-17	220	1	this	this	PRON
gujaf-17	220	2	implies	imply	VERB
gujaf-17	220	3	that	that	SCONJ
gujaf-17	220	4	roe	roe	NOUN
gujaf-17	220	5	is	be	AUX
gujaf-17	220	6	significantly	significantly	ADV
gujaf-17	220	7	affecting	affect	VERB
gujaf-17	220	8	the	the	DET
gujaf-17	220	9	compensation	compensation	NOUN
gujaf-17	220	10	received	receive	VERB
gujaf-17	220	11	by	by	ADP
gujaf-17	220	12	the	the	DET
gujaf-17	220	13	executive	executive	ADJ
gujaf-17	220	14	directors	director	NOUN
gujaf-17	220	15	,	,	PUNCT
gujaf-17	220	16	which	which	PRON
gujaf-17	220	17	could	could	AUX
gujaf-17	220	18	be	be	AUX
gujaf-17	220	19	due	due	ADJ
gujaf-17	220	20	to	to	ADP
gujaf-17	220	21	benefits	benefit	NOUN
gujaf-17	220	22	in	in	ADP
gujaf-17	220	23	form	form	NOUN
gujaf-17	220	24	of	of	ADP
gujaf-17	220	25	bonuses	bonus	NOUN
gujaf-17	220	26	attached	attach	VERB
gujaf-17	220	27	to	to	ADP
gujaf-17	220	28	the	the	DET
gujaf-17	220	29	compensation	compensation	NOUN
gujaf-17	220	30	of	of	ADP
gujaf-17	220	31	the	the	DET
gujaf-17	220	32	executives	executive	NOUN
gujaf-17	220	33	in	in	ADP
gujaf-17	220	34	relation	relation	NOUN
gujaf-17	220	35	to	to	ADP
gujaf-17	220	36	the	the	DET
gujaf-17	220	37	performances	performance	NOUN
gujaf-17	220	38	of	of	ADP
gujaf-17	220	39	the	the	DET
gujaf-17	220	40	firms	firm	NOUN
gujaf-17	220	41	they	they	PRON
gujaf-17	220	42	manage	manage	VERB
gujaf-17	220	43	and	and	CCONJ
gujaf-17	220	44	could	could	AUX
gujaf-17	220	45	help	help	VERB
gujaf-17	220	46	in	in	ADP
gujaf-17	220	47	aligning	align	VERB
gujaf-17	220	48	the	the	DET
gujaf-17	220	49	interest	interest	NOUN
gujaf-17	220	50	of	of	ADP
gujaf-17	220	51	shareholders	shareholder	NOUN
gujaf-17	220	52	and	and	CCONJ
gujaf-17	220	53	the	the	DET
gujaf-17	220	54	interest	interest	NOUN
gujaf-17	220	55	of	of	ADP
gujaf-17	220	56	the	the	DET
gujaf-17	220	57	executives	executive	NOUN
gujaf-17	220	58	.	.	PUNCT
gujaf-17	221	1	therefore	therefore	ADV
gujaf-17	221	2	,	,	PUNCT
gujaf-17	221	3	this	this	PRON
gujaf-17	221	4	provides	provide	VERB
gujaf-17	221	5	evidence	evidence	NOUN
gujaf-17	221	6	for	for	ADP
gujaf-17	221	7	rejecting	reject	VERB
gujaf-17	221	8	hypothesis	hypothesis	NOUN
gujaf-17	221	9	two	two	NUM
gujaf-17	221	10	of	of	ADP
gujaf-17	221	11	the	the	DET
gujaf-17	221	12	study	study	NOUN
gujaf-17	221	13	,	,	PUNCT
gujaf-17	221	14	which	which	PRON
gujaf-17	221	15	stated	state	VERB
gujaf-17	221	16	that	that	SCONJ
gujaf-17	221	17	return	return	NOUN
gujaf-17	221	18	on	on	ADP
gujaf-17	221	19	equity	equity	NOUN
gujaf-17	221	20	has	have	VERB
gujaf-17	221	21	no	no	DET
gujaf-17	221	22	significant	significant	ADJ
gujaf-17	221	23	impact	impact	NOUN
gujaf-17	221	24	on	on	ADP
gujaf-17	221	25	executive	executive	ADJ
gujaf-17	221	26	compensation	compensation	NOUN
gujaf-17	221	27	of	of	ADP
gujaf-17	221	28	listed	list	VERB
gujaf-17	221	29	conglomerates	conglomerate	NOUN
gujaf-17	221	30	in	in	ADP
gujaf-17	221	31	nigeria	nigeria	PROPN
gujaf-17	221	32	.	.	PUNCT
gujaf-17	222	1	gujaf	gujaf	NOUN
gujaf-17	222	2	:	:	PUNCT
gujaf-17	222	3	gusau	gusau	PROPN
gujaf-17	222	4	journal	journal	NOUN
gujaf-17	222	5	of	of	ADP
gujaf-17	222	6	accounting	accounting	NOUN
gujaf-17	222	7	and	and	CCONJ
gujaf-17	222	8	finance	finance	NOUN
gujaf-17	222	9	,	,	PUNCT
gujaf-17	222	10	vol	vol	NOUN
gujaf-17	222	11	.	.	PUNCT
gujaf-17	223	1	i	i	PRON
gujaf-17	223	2	,	,	PUNCT
gujaf-17	223	3	issue	issue	NOUN
gujaf-17	223	4	1	1	NUM
gujaf-17	223	5	,	,	PUNCT
gujaf-17	223	6	april	april	PROPN
gujaf-17	223	7	,	,	PUNCT
gujaf-17	223	8	2020	2020	NUM
gujaf-17	223	9	issn	issn	VERB
gujaf-17	223	10	2756	2756	NUM
gujaf-17	223	11	-	-	PUNCT
gujaf-17	223	12	665x	665x	NOUN
gujaf-17	223	13	18	18	NUM
gujaf-17	223	14	the	the	DET
gujaf-17	223	15	result	result	NOUN
gujaf-17	223	16	is	be	AUX
gujaf-17	223	17	consistent	consistent	ADJ
gujaf-17	223	18	with	with	ADP
gujaf-17	223	19	the	the	DET
gujaf-17	223	20	findings	finding	NOUN
gujaf-17	223	21	of	of	ADP
gujaf-17	223	22	jensen	jensen	PROPN
gujaf-17	223	23	&	&	CCONJ
gujaf-17	223	24	murphy	murphy	PROPN
gujaf-17	223	25	(	(	PUNCT
gujaf-17	223	26	1990	1990	NUM
gujaf-17	223	27	)	)	PUNCT
gujaf-17	223	28	,	,	PUNCT
gujaf-17	223	29	conyon	conyon	NOUN
gujaf-17	223	30	&	&	CCONJ
gujaf-17	223	31	leech	leech	NOUN
gujaf-17	223	32	(	(	PUNCT
gujaf-17	223	33	1994	1994	NUM
gujaf-17	223	34	)	)	PUNCT
gujaf-17	223	35	,	,	PUNCT
gujaf-17	223	36	hall	hall	PROPN
gujaf-17	223	37	&	&	CCONJ
gujaf-17	223	38	liebman	liebman	PROPN
gujaf-17	223	39	(	(	PUNCT
gujaf-17	223	40	1998	1998	NUM
gujaf-17	223	41	)	)	PUNCT
gujaf-17	223	42	,	,	PUNCT
gujaf-17	223	43	wallsten	wallsten	VERB
gujaf-17	223	44	(	(	PUNCT
gujaf-17	223	45	2000	2000	NUM
gujaf-17	223	46	)	)	PUNCT
gujaf-17	223	47	,	,	PUNCT
gujaf-17	223	48	kato	kato	PROPN
gujaf-17	223	49	&	&	CCONJ
gujaf-17	223	50	kubo	kubo	PROPN
gujaf-17	223	51	(	(	PUNCT
gujaf-17	223	52	2004	2004	NUM
gujaf-17	223	53	)	)	PUNCT
gujaf-17	223	54	,	,	PUNCT
gujaf-17	223	55	gregg	gregg	PROPN
gujaf-17	223	56	et	et	PROPN
gujaf-17	223	57	al	al	PROPN
gujaf-17	223	58	(	(	PUNCT
gujaf-17	223	59	2005	2005	NUM
gujaf-17	223	60	)	)	PUNCT
gujaf-17	223	61	,	,	PUNCT
gujaf-17	223	62	ruge	ruge	NOUN
gujaf-17	223	63	-	-	PUNCT
gujaf-17	223	64	murcia	murcia	PROPN
gujaf-17	223	65	(	(	PUNCT
gujaf-17	223	66	2005	2005	NUM
gujaf-17	223	67	)	)	PUNCT
gujaf-17	223	68	,	,	PUNCT
gujaf-17	223	69	ozkan	ozkan	X
gujaf-17	223	70	(	(	PUNCT
gujaf-17	223	71	2007	2007	NUM
gujaf-17	223	72	)	)	PUNCT
gujaf-17	223	73	,	,	PUNCT
gujaf-17	223	74	boostman	boostman	NOUN
gujaf-17	223	75	(	(	PUNCT
gujaf-17	223	76	2009	2009	NUM
gujaf-17	223	77	)	)	PUNCT
gujaf-17	223	78	,	,	PUNCT
gujaf-17	223	79	gorre	gorre	X
gujaf-17	223	80	(	(	PUNCT
gujaf-17	223	81	2011	2011	NUM
gujaf-17	223	82	)	)	PUNCT
gujaf-17	223	83	,	,	PUNCT
gujaf-17	223	84	sigler	sigler	PROPN
gujaf-17	223	85	(	(	PUNCT
gujaf-17	223	86	2011	2011	NUM
gujaf-17	223	87	)	)	PUNCT
gujaf-17	223	88	,	,	PUNCT
gujaf-17	223	89	ayodele	ayodele	PROPN
gujaf-17	223	90	(	(	PUNCT
gujaf-17	223	91	2012	2012	NUM
gujaf-17	223	92	)	)	PUNCT
gujaf-17	223	93	,	,	PUNCT
gujaf-17	223	94	scholtz	scholtz	NOUN
gujaf-17	223	95	and	and	CCONJ
gujaf-17	223	96	smit	smit	PROPN
gujaf-17	223	97	(	(	PUNCT
gujaf-17	223	98	2012	2012	NUM
gujaf-17	223	99	)	)	PUNCT
gujaf-17	223	100	,	,	PUNCT
gujaf-17	223	101	givas	givas	NOUN
gujaf-17	223	102	(	(	PUNCT
gujaf-17	223	103	2013	2013	NUM
gujaf-17	223	104	)	)	PUNCT
gujaf-17	223	105	and	and	CCONJ
gujaf-17	223	106	kurawa	kurawa	PROPN
gujaf-17	223	107	&	&	CCONJ
gujaf-17	223	108	saidu	saidu	PROPN
gujaf-17	223	109	(	(	PUNCT
gujaf-17	223	110	2014	2014	NUM
gujaf-17	223	111	)	)	PUNCT
gujaf-17	223	112	,	,	PUNCT
gujaf-17	223	113	which	which	PRON
gujaf-17	223	114	showed	show	VERB
gujaf-17	223	115	that	that	SCONJ
gujaf-17	223	116	roe	roe	NOUN
gujaf-17	223	117	is	be	AUX
gujaf-17	223	118	also	also	ADV
gujaf-17	223	119	found	find	VERB
gujaf-17	223	120	to	to	PART
gujaf-17	223	121	be	be	AUX
gujaf-17	223	122	significant	significant	ADJ
gujaf-17	223	123	and	and	CCONJ
gujaf-17	223	124	positively	positively	ADV
gujaf-17	223	125	associated	associate	VERB
gujaf-17	223	126	with	with	ADP
gujaf-17	223	127	executive	executive	NOUN
gujaf-17	223	128	compensation	compensation	NOUN
gujaf-17	223	129	but	but	CCONJ
gujaf-17	223	130	contrary	contrary	ADJ
gujaf-17	223	131	to	to	ADP
gujaf-17	223	132	the	the	DET
gujaf-17	223	133	reported	report	VERB
gujaf-17	223	134	results	result	NOUN
gujaf-17	223	135	of	of	ADP
gujaf-17	223	136	tariq	tariq	NOUN
gujaf-17	223	137	(	(	PUNCT
gujaf-17	223	138	2010	2010	NUM
gujaf-17	223	139	)	)	PUNCT
gujaf-17	223	140	,	,	PUNCT
gujaf-17	223	141	aduda	aduda	NOUN
gujaf-17	223	142	(	(	PUNCT
gujaf-17	223	143	2011	2011	NUM
gujaf-17	223	144	)	)	PUNCT
gujaf-17	223	145	and	and	CCONJ
gujaf-17	223	146	erick	erick	PROPN
gujaf-17	223	147	et	et	PROPN
gujaf-17	223	148	al	al	PROPN
gujaf-17	223	149	(	(	PUNCT
gujaf-17	223	150	2014	2014	NUM
gujaf-17	223	151	)	)	PUNCT
gujaf-17	223	152	.	.	PUNCT
gujaf-17	224	1	institutional	institutional	ADJ
gujaf-17	224	2	ownership	ownership	NOUN
gujaf-17	224	3	and	and	CCONJ
gujaf-17	224	4	executive	executive	NOUN
gujaf-17	224	5	compensation	compensation	NOUN
gujaf-17	224	6	looking	look	VERB
gujaf-17	224	7	at	at	ADP
gujaf-17	224	8	the	the	DET
gujaf-17	224	9	relationship	relationship	NOUN
gujaf-17	224	10	between	between	ADP
gujaf-17	224	11	institutional	institutional	ADJ
gujaf-17	224	12	ownership	ownership	NOUN
gujaf-17	224	13	and	and	CCONJ
gujaf-17	224	14	executive	executive	ADJ
gujaf-17	224	15	compensation	compensation	NOUN
gujaf-17	224	16	,	,	PUNCT
gujaf-17	224	17	a	a	DET
gujaf-17	224	18	negative	negative	ADJ
gujaf-17	224	19	relation	relation	NOUN
gujaf-17	224	20	is	be	AUX
gujaf-17	224	21	observed	observe	VERB
gujaf-17	224	22	with	with	ADP
gujaf-17	224	23	a	a	DET
gujaf-17	224	24	coefficient	coefficient	NOUN
gujaf-17	224	25	of	of	ADP
gujaf-17	224	26	-0.005	-0.005	PUNCT
gujaf-17	224	27	and	and	CCONJ
gujaf-17	224	28	tvalue	tvalue	NOUN
gujaf-17	224	29	of	of	ADP
gujaf-17	224	30	-0.1	-0.1	PROPN
gujaf-17	224	31	but	but	CCONJ
gujaf-17	224	32	not	not	PART
gujaf-17	224	33	statistically	statistically	ADV
gujaf-17	224	34	significant	significant	ADJ
gujaf-17	224	35	.	.	PUNCT
gujaf-17	225	1	this	this	DET
gujaf-17	225	2	association	association	NOUN
gujaf-17	225	3	indicates	indicate	VERB
gujaf-17	225	4	that	that	SCONJ
gujaf-17	225	5	for	for	ADP
gujaf-17	225	6	every	every	DET
gujaf-17	225	7	increase	increase	NOUN
gujaf-17	225	8	in	in	ADP
gujaf-17	225	9	shares	share	NOUN
gujaf-17	225	10	held	hold	VERB
gujaf-17	225	11	by	by	ADP
gujaf-17	225	12	institutions	institution	NOUN
gujaf-17	225	13	,	,	PUNCT
gujaf-17	225	14	the	the	DET
gujaf-17	225	15	compensation	compensation	NOUN
gujaf-17	225	16	to	to	PART
gujaf-17	225	17	be	be	AUX
gujaf-17	225	18	received	receive	VERB
gujaf-17	225	19	by	by	ADP
gujaf-17	225	20	the	the	DET
gujaf-17	225	21	executive	executive	ADJ
gujaf-17	225	22	directors	director	NOUN
gujaf-17	225	23	of	of	ADP
gujaf-17	225	24	listed	list	VERB
gujaf-17	225	25	conglomerates	conglomerate	NOUN
gujaf-17	225	26	in	in	ADP
gujaf-17	225	27	nigeria	nigeria	PROPN
gujaf-17	225	28	will	will	AUX
gujaf-17	225	29	decrease	decrease	VERB
gujaf-17	225	30	by	by	ADP
gujaf-17	225	31	#	#	SYM
gujaf-17	225	32	0.1k	0.1k	NUM
gujaf-17	225	33	.	.	PUNCT
gujaf-17	226	1	the	the	DET
gujaf-17	226	2	negative	negative	ADJ
gujaf-17	226	3	association	association	NOUN
gujaf-17	226	4	between	between	ADP
gujaf-17	226	5	institutional	institutional	ADJ
gujaf-17	226	6	ownership	ownership	NOUN
gujaf-17	226	7	and	and	CCONJ
gujaf-17	226	8	executive	executive	NOUN
gujaf-17	226	9	compensation	compensation	NOUN
gujaf-17	226	10	might	might	AUX
gujaf-17	226	11	serve	serve	VERB
gujaf-17	226	12	as	as	ADP
gujaf-17	226	13	monitors	monitor	NOUN
gujaf-17	226	14	that	that	PRON
gujaf-17	226	15	mitigate	mitigate	VERB
gujaf-17	226	16	the	the	DET
gujaf-17	226	17	agency	agency	NOUN
gujaf-17	226	18	problem	problem	NOUN
gujaf-17	226	19	and	and	CCONJ
gujaf-17	226	20	also	also	ADV
gujaf-17	226	21	can	can	AUX
gujaf-17	226	22	effectively	effectively	ADV
gujaf-17	226	23	limit	limit	VERB
gujaf-17	226	24	the	the	DET
gujaf-17	226	25	amount	amount	NOUN
gujaf-17	226	26	of	of	ADP
gujaf-17	226	27	executive	executive	ADJ
gujaf-17	226	28	pay	pay	NOUN
gujaf-17	226	29	.	.	PUNCT
gujaf-17	227	1	it	it	PRON
gujaf-17	227	2	provides	provide	VERB
gujaf-17	227	3	evidence	evidence	NOUN
gujaf-17	227	4	but	but	CCONJ
gujaf-17	227	5	not	not	PART
gujaf-17	227	6	good	good	ADJ
gujaf-17	227	7	enough	enough	ADV
gujaf-17	227	8	(	(	PUNCT
gujaf-17	227	9	because	because	SCONJ
gujaf-17	227	10	it	it	PRON
gujaf-17	227	11	is	be	AUX
gujaf-17	227	12	in	in	ADP
gujaf-17	227	13	line	line	NOUN
gujaf-17	227	14	with	with	ADP
gujaf-17	227	15	agency	agency	NOUN
gujaf-17	227	16	theory	theory	NOUN
gujaf-17	227	17	expectation	expectation	NOUN
gujaf-17	227	18	)	)	PUNCT
gujaf-17	227	19	of	of	ADP
gujaf-17	227	20	failing	fail	VERB
gujaf-17	227	21	to	to	PART
gujaf-17	227	22	reject	reject	VERB
gujaf-17	227	23	hypothesis	hypothesis	NOUN
gujaf-17	227	24	three	three	NUM
gujaf-17	227	25	of	of	ADP
gujaf-17	227	26	the	the	DET
gujaf-17	227	27	study	study	NOUN
gujaf-17	227	28	,	,	PUNCT
gujaf-17	227	29	which	which	PRON
gujaf-17	227	30	states	state	VERB
gujaf-17	227	31	that	that	SCONJ
gujaf-17	227	32	institutional	institutional	ADJ
gujaf-17	227	33	ownership	ownership	NOUN
gujaf-17	227	34	has	have	VERB
gujaf-17	227	35	no	no	DET
gujaf-17	227	36	significant	significant	ADJ
gujaf-17	227	37	impact	impact	NOUN
gujaf-17	227	38	on	on	ADP
gujaf-17	227	39	executive	executive	ADJ
gujaf-17	227	40	compensation	compensation	NOUN
gujaf-17	227	41	of	of	ADP
gujaf-17	227	42	listed	list	VERB
gujaf-17	227	43	conglomerates	conglomerate	NOUN
gujaf-17	227	44	in	in	ADP
gujaf-17	227	45	nigeria	nigeria	PROPN
gujaf-17	227	46	.	.	PUNCT
gujaf-17	228	1	consistent	consistent	ADJ
gujaf-17	228	2	with	with	ADP
gujaf-17	228	3	this	this	DET
gujaf-17	228	4	finding	finding	NOUN
gujaf-17	228	5	is	be	AUX
gujaf-17	228	6	the	the	DET
gujaf-17	228	7	work	work	NOUN
gujaf-17	228	8	of	of	ADP
gujaf-17	228	9	noe	noe	PROPN
gujaf-17	228	10	(	(	PUNCT
gujaf-17	228	11	2002	2002	NUM
gujaf-17	228	12	)	)	PUNCT
gujaf-17	228	13	,	,	PUNCT
gujaf-17	228	14	hartzell	hartzell	PROPN
gujaf-17	228	15	&	&	CCONJ
gujaf-17	228	16	starks	starks	PROPN
gujaf-17	228	17	(	(	PUNCT
gujaf-17	228	18	2003	2003	NUM
gujaf-17	228	19	)	)	PUNCT
gujaf-17	228	20	,	,	PUNCT
gujaf-17	228	21	and	and	CCONJ
gujaf-17	228	22	gan	gin	VERB
gujaf-17	228	23	et	et	PROPN
gujaf-17	228	24	al	al	PROPN
gujaf-17	228	25	(	(	PUNCT
gujaf-17	228	26	2012	2012	NUM
gujaf-17	228	27	)	)	PUNCT
gujaf-17	228	28	,	,	PUNCT
gujaf-17	228	29	where	where	SCONJ
gujaf-17	228	30	institutional	institutional	ADJ
gujaf-17	228	31	investors	investor	NOUN
gujaf-17	228	32	are	be	AUX
gujaf-17	228	33	negatively	negatively	ADV
gujaf-17	228	34	associated	associate	VERB
gujaf-17	228	35	with	with	ADP
gujaf-17	228	36	total	total	ADJ
gujaf-17	228	37	executive	executive	ADJ
gujaf-17	228	38	compensation	compensation	NOUN
gujaf-17	228	39	but	but	CCONJ
gujaf-17	228	40	contrary	contrary	ADV
gujaf-17	228	41	to	to	ADP
gujaf-17	228	42	ozkan	ozkan	NOUN
gujaf-17	228	43	(	(	PUNCT
gujaf-17	228	44	2007	2007	NUM
gujaf-17	228	45	)	)	PUNCT
gujaf-17	228	46	and	and	CCONJ
gujaf-17	228	47	suherman	suherman	NOUN
gujaf-17	228	48	et	et	PROPN
gujaf-17	228	49	al	al	PROPN
gujaf-17	228	50	(	(	PUNCT
gujaf-17	228	51	2011	2011	NUM
gujaf-17	228	52	)	)	PUNCT
gujaf-17	228	53	findings	finding	NOUN
gujaf-17	228	54	,	,	PUNCT
gujaf-17	228	55	as	as	SCONJ
gujaf-17	228	56	shown	show	VERB
gujaf-17	228	57	that	that	SCONJ
gujaf-17	228	58	institutional	institutional	ADJ
gujaf-17	228	59	ownership	ownership	NOUN
gujaf-17	228	60	promotes	promote	VERB
gujaf-17	228	61	higher	high	ADJ
gujaf-17	228	62	total	total	ADJ
gujaf-17	228	63	executive	executive	ADJ
gujaf-17	228	64	compensation	compensation	NOUN
gujaf-17	228	65	.	.	PUNCT
gujaf-17	229	1	however	however	ADV
gujaf-17	229	2	,	,	PUNCT
gujaf-17	229	3	relationship	relationship	NOUN
gujaf-17	229	4	between	between	ADP
gujaf-17	229	5	institutional	institutional	ADJ
gujaf-17	229	6	ownership	ownership	NOUN
gujaf-17	229	7	and	and	CCONJ
gujaf-17	229	8	executive	executive	NOUN
gujaf-17	229	9	compensation	compensation	NOUN
gujaf-17	229	10	as	as	SCONJ
gujaf-17	229	11	reported	report	VERB
gujaf-17	229	12	by	by	ADP
gujaf-17	229	13	smith	smith	PROPN
gujaf-17	229	14	&	&	CCONJ
gujaf-17	229	15	swan	swan	PROPN
gujaf-17	229	16	(	(	PUNCT
gujaf-17	229	17	2013	2013	NUM
gujaf-17	229	18	)	)	PUNCT
gujaf-17	229	19	.	.	PUNCT
gujaf-17	230	1	executive	executive	ADJ
gujaf-17	230	2	ownership	ownership	NOUN
gujaf-17	230	3	and	and	CCONJ
gujaf-17	230	4	executive	executive	NOUN
gujaf-17	230	5	compensation	compensation	NOUN
gujaf-17	230	6	the	the	DET
gujaf-17	230	7	regression	regression	NOUN
gujaf-17	230	8	result	result	VERB
gujaf-17	230	9	in	in	ADP
gujaf-17	230	10	respect	respect	NOUN
gujaf-17	230	11	of	of	ADP
gujaf-17	230	12	the	the	DET
gujaf-17	230	13	association	association	NOUN
gujaf-17	230	14	between	between	ADP
gujaf-17	230	15	executive	executive	ADJ
gujaf-17	230	16	ownership	ownership	NOUN
gujaf-17	230	17	and	and	CCONJ
gujaf-17	230	18	executive	executive	NOUN
gujaf-17	230	19	compensation	compensation	NOUN
gujaf-17	230	20	shows	show	VERB
gujaf-17	230	21	that	that	SCONJ
gujaf-17	230	22	executive	executive	ADJ
gujaf-17	230	23	ownership	ownership	NOUN
gujaf-17	230	24	is	be	AUX
gujaf-17	230	25	inversely	inversely	ADV
gujaf-17	230	26	related	relate	VERB
gujaf-17	230	27	with	with	ADP
gujaf-17	230	28	executive	executive	ADJ
gujaf-17	230	29	compensation	compensation	NOUN
gujaf-17	230	30	at	at	ADP
gujaf-17	230	31	1	1	NUM
gujaf-17	230	32	%	%	NOUN
gujaf-17	230	33	level	level	NOUN
gujaf-17	230	34	of	of	ADP
gujaf-17	230	35	significance	significance	NOUN
gujaf-17	230	36	with	with	ADP
gujaf-17	230	37	a	a	DET
gujaf-17	230	38	coefficient	coefficient	NOUN
gujaf-17	230	39	of	of	ADP
gujaf-17	230	40	-4.316	-4.316	PROPN
gujaf-17	230	41	and	and	CCONJ
gujaf-17	230	42	t	t	NOUN
gujaf-17	230	43	-	-	PUNCT
gujaf-17	230	44	value	value	NOUN
gujaf-17	230	45	of	of	ADP
gujaf-17	230	46	-3.14	-3.14	PRON
gujaf-17	230	47	.	.	PUNCT
gujaf-17	231	1	this	this	DET
gujaf-17	231	2	result	result	NOUN
gujaf-17	231	3	shows	show	VERB
gujaf-17	231	4	that	that	SCONJ
gujaf-17	231	5	for	for	ADP
gujaf-17	231	6	every	every	DET
gujaf-17	231	7	increase	increase	NOUN
gujaf-17	231	8	in	in	ADP
gujaf-17	231	9	shares	share	NOUN
gujaf-17	231	10	held	hold	VERB
gujaf-17	231	11	by	by	ADP
gujaf-17	231	12	executive	executive	ADJ
gujaf-17	231	13	directors	director	NOUN
gujaf-17	231	14	of	of	ADP
gujaf-17	231	15	listed	list	VERB
gujaf-17	231	16	conglomerates	conglomerate	NOUN
gujaf-17	231	17	in	in	ADP
gujaf-17	231	18	nigeria	nigeria	PROPN
gujaf-17	231	19	,	,	PUNCT
gujaf-17	231	20	the	the	DET
gujaf-17	231	21	compensation	compensation	NOUN
gujaf-17	231	22	to	to	PART
gujaf-17	231	23	be	be	AUX
gujaf-17	231	24	received	receive	VERB
gujaf-17	231	25	by	by	ADP
gujaf-17	231	26	them	they	PRON
gujaf-17	231	27	will	will	AUX
gujaf-17	231	28	reduce	reduce	VERB
gujaf-17	231	29	by	by	ADP
gujaf-17	231	30	#	#	SYM
gujaf-17	231	31	3.14k	3.14k	NUM
gujaf-17	231	32	.	.	PUNCT
gujaf-17	232	1	it	it	PRON
gujaf-17	232	2	further	far	ADV
gujaf-17	232	3	revealed	reveal	VERB
gujaf-17	232	4	that	that	SCONJ
gujaf-17	232	5	the	the	PRON
gujaf-17	232	6	higher	high	ADJ
gujaf-17	232	7	the	the	DET
gujaf-17	232	8	shareholding	shareholding	NOUN
gujaf-17	232	9	held	hold	VERB
gujaf-17	232	10	by	by	ADP
gujaf-17	232	11	the	the	DET
gujaf-17	232	12	executives	executive	NOUN
gujaf-17	232	13	,	,	PUNCT
gujaf-17	232	14	the	the	PRON
gujaf-17	232	15	lower	low	ADJ
gujaf-17	232	16	the	the	DET
gujaf-17	232	17	compensation	compensation	NOUN
gujaf-17	232	18	they	they	PRON
gujaf-17	232	19	earn	earn	VERB
gujaf-17	232	20	.	.	PUNCT
gujaf-17	233	1	this	this	PRON
gujaf-17	233	2	could	could	AUX
gujaf-17	233	3	be	be	AUX
gujaf-17	233	4	ascribed	ascribe	VERB
gujaf-17	233	5	to	to	ADP
gujaf-17	233	6	the	the	DET
gujaf-17	233	7	reduction	reduction	NOUN
gujaf-17	233	8	of	of	ADP
gujaf-17	233	9	agency	agency	NOUN
gujaf-17	233	10	problem	problem	NOUN
gujaf-17	233	11	because	because	SCONJ
gujaf-17	233	12	the	the	DET
gujaf-17	233	13	division	division	NOUN
gujaf-17	233	14	between	between	ADP
gujaf-17	233	15	owners	owner	NOUN
gujaf-17	233	16	and	and	CCONJ
gujaf-17	233	17	managers	manager	NOUN
gujaf-17	233	18	is	be	AUX
gujaf-17	233	19	minimized	minimize	VERB
gujaf-17	233	20	to	to	ADP
gujaf-17	233	21	the	the	DET
gujaf-17	233	22	extent	extent	NOUN
gujaf-17	233	23	that	that	SCONJ
gujaf-17	233	24	the	the	DET
gujaf-17	233	25	executives	executive	NOUN
gujaf-17	233	26	are	be	AUX
gujaf-17	233	27	not	not	PART
gujaf-17	233	28	just	just	ADV
gujaf-17	233	29	managers	manager	NOUN
gujaf-17	233	30	but	but	CCONJ
gujaf-17	233	31	also	also	ADV
gujaf-17	233	32	owners	owner	NOUN
gujaf-17	233	33	.	.	PUNCT
gujaf-17	234	1	in	in	ADP
gujaf-17	234	2	line	line	NOUN
gujaf-17	234	3	with	with	ADP
gujaf-17	234	4	the	the	DET
gujaf-17	234	5	result	result	NOUN
gujaf-17	234	6	reported	report	VERB
gujaf-17	234	7	,	,	PUNCT
gujaf-17	234	8	it	it	PRON
gujaf-17	234	9	provides	provide	VERB
gujaf-17	234	10	evidence	evidence	NOUN
gujaf-17	234	11	of	of	ADP
gujaf-17	234	12	gujaf	gujaf	NOUN
gujaf-17	234	13	:	:	PUNCT
gujaf-17	234	14	gusau	gusau	PROPN
gujaf-17	234	15	journal	journal	NOUN
gujaf-17	234	16	of	of	ADP
gujaf-17	234	17	accounting	accounting	NOUN
gujaf-17	234	18	and	and	CCONJ
gujaf-17	234	19	finance	finance	NOUN
gujaf-17	234	20	,	,	PUNCT
gujaf-17	234	21	vol	vol	NOUN
gujaf-17	234	22	.	.	PUNCT
gujaf-17	235	1	i	i	PRON
gujaf-17	235	2	,	,	PUNCT
gujaf-17	235	3	issue	issue	NOUN
gujaf-17	235	4	1	1	NUM
gujaf-17	235	5	,	,	PUNCT
gujaf-17	235	6	april	april	PROPN
gujaf-17	235	7	,	,	PUNCT
gujaf-17	235	8	2020	2020	NUM
gujaf-17	235	9	issn	issn	VERB
gujaf-17	235	10	2756	2756	NUM
gujaf-17	235	11	-	-	PUNCT
gujaf-17	235	12	665x	665x	NOUN
gujaf-17	235	13	19	19	NUM
gujaf-17	235	14	rejecting	reject	VERB
gujaf-17	235	15	hypothesis	hypothesis	NOUN
gujaf-17	235	16	four	four	NUM
gujaf-17	235	17	for	for	ADP
gujaf-17	235	18	the	the	DET
gujaf-17	235	19	study	study	NOUN
gujaf-17	235	20	,	,	PUNCT
gujaf-17	235	21	which	which	PRON
gujaf-17	235	22	states	state	VERB
gujaf-17	235	23	that	that	SCONJ
gujaf-17	235	24	executive	executive	ADJ
gujaf-17	235	25	ownership	ownership	NOUN
gujaf-17	235	26	has	have	VERB
gujaf-17	235	27	no	no	DET
gujaf-17	235	28	significant	significant	ADJ
gujaf-17	235	29	impact	impact	NOUN
gujaf-17	235	30	on	on	ADP
gujaf-17	235	31	executive	executive	ADJ
gujaf-17	235	32	compensation	compensation	NOUN
gujaf-17	235	33	of	of	ADP
gujaf-17	235	34	listed	list	VERB
gujaf-17	235	35	conglomerates	conglomerate	NOUN
gujaf-17	235	36	in	in	ADP
gujaf-17	235	37	nigeria	nigeria	PROPN
gujaf-17	235	38	.	.	PUNCT
gujaf-17	236	1	this	this	DET
gujaf-17	236	2	finding	finding	NOUN
gujaf-17	236	3	is	be	AUX
gujaf-17	236	4	consistent	consistent	ADJ
gujaf-17	236	5	with	with	ADP
gujaf-17	236	6	conyon	conyon	NOUN
gujaf-17	236	7	&	&	CCONJ
gujaf-17	236	8	leech	leech	NOUN
gujaf-17	236	9	(	(	PUNCT
gujaf-17	236	10	1994	1994	NUM
gujaf-17	236	11	)	)	PUNCT
gujaf-17	236	12	and	and	CCONJ
gujaf-17	236	13	contrary	contrary	ADJ
gujaf-17	236	14	to	to	ADP
gujaf-17	236	15	nulla	nulla	PROPN
gujaf-17	236	16	(	(	PUNCT
gujaf-17	236	17	2013	2013	NUM
gujaf-17	236	18	)	)	PUNCT
gujaf-17	236	19	.	.	PUNCT
gujaf-17	237	1	board	board	NOUN
gujaf-17	237	2	composition	composition	NOUN
gujaf-17	237	3	and	and	CCONJ
gujaf-17	237	4	executive	executive	NOUN
gujaf-17	237	5	compensation	compensation	NOUN
gujaf-17	237	6	the	the	DET
gujaf-17	237	7	regression	regression	NOUN
gujaf-17	237	8	result	result	NOUN
gujaf-17	237	9	revealed	reveal	VERB
gujaf-17	237	10	that	that	SCONJ
gujaf-17	237	11	non	non	ADJ
gujaf-17	237	12	-	-	ADJ
gujaf-17	237	13	executive	executive	ADJ
gujaf-17	237	14	directors	director	NOUN
gujaf-17	237	15	as	as	SCONJ
gujaf-17	237	16	measured	measure	VERB
gujaf-17	237	17	by	by	ADP
gujaf-17	237	18	the	the	DET
gujaf-17	237	19	proportion	proportion	NOUN
gujaf-17	237	20	of	of	ADP
gujaf-17	237	21	non	non	ADJ
gujaf-17	237	22	-	-	ADJ
gujaf-17	237	23	executive	executive	ADJ
gujaf-17	237	24	directors	director	NOUN
gujaf-17	237	25	on	on	ADP
gujaf-17	237	26	the	the	DET
gujaf-17	237	27	board	board	NOUN
gujaf-17	237	28	are	be	AUX
gujaf-17	237	29	positively	positively	ADV
gujaf-17	237	30	related	relate	VERB
gujaf-17	237	31	with	with	ADP
gujaf-17	237	32	executive	executive	ADJ
gujaf-17	237	33	compensation	compensation	NOUN
gujaf-17	237	34	with	with	ADP
gujaf-17	237	35	a	a	DET
gujaf-17	237	36	coefficient	coefficient	NOUN
gujaf-17	237	37	of	of	ADP
gujaf-17	237	38	0.271	0.271	NUM
gujaf-17	237	39	and	and	CCONJ
gujaf-17	237	40	t	t	NOUN
gujaf-17	237	41	-	-	PUNCT
gujaf-17	237	42	value	value	NOUN
gujaf-17	237	43	of	of	ADP
gujaf-17	237	44	0.20	0.20	NUM
gujaf-17	237	45	.	.	PUNCT
gujaf-17	238	1	this	this	PRON
gujaf-17	238	2	shows	show	VERB
gujaf-17	238	3	that	that	SCONJ
gujaf-17	238	4	for	for	ADP
gujaf-17	238	5	every	every	DET
gujaf-17	238	6	increase	increase	NOUN
gujaf-17	238	7	in	in	ADP
gujaf-17	238	8	the	the	DET
gujaf-17	238	9	number	number	NOUN
gujaf-17	238	10	of	of	ADP
gujaf-17	238	11	non	non	ADJ
gujaf-17	238	12	-	-	NOUN
gujaf-17	238	13	executive	executive	ADJ
gujaf-17	238	14	in	in	ADP
gujaf-17	238	15	the	the	DET
gujaf-17	238	16	board	board	NOUN
gujaf-17	238	17	,	,	PUNCT
gujaf-17	238	18	the	the	DET
gujaf-17	238	19	executive	executive	PROPN
gujaf-17	238	20	compensation	compensation	NOUN
gujaf-17	238	21	of	of	ADP
gujaf-17	238	22	listed	list	VERB
gujaf-17	238	23	conglomerates	conglomerate	NOUN
gujaf-17	238	24	in	in	ADP
gujaf-17	238	25	nigeria	nigeria	PROPN
gujaf-17	238	26	will	will	AUX
gujaf-17	238	27	increase	increase	VERB
gujaf-17	238	28	by	by	ADP
gujaf-17	238	29	#	#	NOUN
gujaf-17	238	30	0.20k	0.20k	NOUN
gujaf-17	238	31	.	.	PUNCT
gujaf-17	239	1	it	it	PRON
gujaf-17	239	2	implies	imply	VERB
gujaf-17	239	3	that	that	SCONJ
gujaf-17	239	4	the	the	DET
gujaf-17	239	5	non	non	ADJ
gujaf-17	239	6	-	-	ADJ
gujaf-17	239	7	executive	executive	ADJ
gujaf-17	239	8	directors	director	NOUN
gujaf-17	239	9	of	of	ADP
gujaf-17	239	10	listed	list	VERB
gujaf-17	239	11	conglomerates	conglomerate	NOUN
gujaf-17	239	12	in	in	ADP
gujaf-17	239	13	nigeria	nigeria	PROPN
gujaf-17	239	14	are	be	AUX
gujaf-17	239	15	unable	unable	ADJ
gujaf-17	239	16	to	to	PART
gujaf-17	239	17	align	align	VERB
gujaf-17	239	18	the	the	DET
gujaf-17	239	19	interest	interest	NOUN
gujaf-17	239	20	of	of	ADP
gujaf-17	239	21	the	the	DET
gujaf-17	239	22	shareholders	shareholder	NOUN
gujaf-17	239	23	and	and	CCONJ
gujaf-17	239	24	the	the	DET
gujaf-17	239	25	managers	manager	NOUN
gujaf-17	239	26	,	,	PUNCT
gujaf-17	239	27	evidenced	evidence	VERB
gujaf-17	239	28	by	by	ADP
gujaf-17	239	29	the	the	DET
gujaf-17	239	30	regression	regression	NOUN
gujaf-17	239	31	result	result	NOUN
gujaf-17	239	32	which	which	PRON
gujaf-17	239	33	shows	show	VERB
gujaf-17	239	34	that	that	SCONJ
gujaf-17	239	35	the	the	DET
gujaf-17	239	36	executive	executive	PROPN
gujaf-17	239	37	compensation	compensation	NOUN
gujaf-17	239	38	of	of	ADP
gujaf-17	239	39	listed	list	VERB
gujaf-17	239	40	conglomerates	conglomerate	NOUN
gujaf-17	239	41	increases	increase	VERB
gujaf-17	239	42	as	as	SCONJ
gujaf-17	239	43	the	the	DET
gujaf-17	239	44	number	number	NOUN
gujaf-17	239	45	of	of	ADP
gujaf-17	239	46	non	non	ADJ
gujaf-17	239	47	-	-	ADJ
gujaf-17	239	48	executive	executive	ADJ
gujaf-17	239	49	directors	director	NOUN
gujaf-17	239	50	increases	increase	VERB
gujaf-17	239	51	.	.	PUNCT
gujaf-17	240	1	this	this	PRON
gujaf-17	240	2	provides	provide	VERB
gujaf-17	240	3	evidence	evidence	NOUN
gujaf-17	240	4	of	of	ADP
gujaf-17	240	5	failing	fail	VERB
gujaf-17	240	6	to	to	PART
gujaf-17	240	7	reject	reject	VERB
gujaf-17	240	8	hypothesis	hypothesis	NOUN
gujaf-17	240	9	five	five	NUM
gujaf-17	240	10	of	of	ADP
gujaf-17	240	11	the	the	DET
gujaf-17	240	12	study	study	NOUN
gujaf-17	240	13	,	,	PUNCT
gujaf-17	240	14	which	which	PRON
gujaf-17	240	15	states	state	VERB
gujaf-17	240	16	that	that	SCONJ
gujaf-17	240	17	board	board	NOUN
gujaf-17	240	18	composition	composition	NOUN
gujaf-17	240	19	has	have	VERB
gujaf-17	240	20	no	no	DET
gujaf-17	240	21	significant	significant	ADJ
gujaf-17	240	22	impact	impact	NOUN
gujaf-17	240	23	on	on	ADP
gujaf-17	240	24	executive	executive	ADJ
gujaf-17	240	25	compensation	compensation	NOUN
gujaf-17	240	26	of	of	ADP
gujaf-17	240	27	listed	list	VERB
gujaf-17	240	28	conglomerates	conglomerate	NOUN
gujaf-17	240	29	in	in	ADP
gujaf-17	240	30	nigeria	nigeria	PROPN
gujaf-17	240	31	.	.	PUNCT
gujaf-17	241	1	in	in	ADP
gujaf-17	241	2	support	support	NOUN
gujaf-17	241	3	of	of	ADP
gujaf-17	241	4	this	this	DET
gujaf-17	241	5	result	result	NOUN
gujaf-17	241	6	is	be	AUX
gujaf-17	241	7	the	the	DET
gujaf-17	241	8	work	work	NOUN
gujaf-17	241	9	of	of	ADP
gujaf-17	241	10	core	core	NOUN
gujaf-17	241	11	,	,	PUNCT
gujaf-17	241	12	holthasusen	holthasusen	NOUN
gujaf-17	241	13	&	&	CCONJ
gujaf-17	241	14	larcker	larcker	PROPN
gujaf-17	241	15	(	(	PUNCT
gujaf-17	241	16	1999	1999	NUM
gujaf-17	241	17	)	)	PUNCT
gujaf-17	241	18	,	,	PUNCT
gujaf-17	241	19	ozkan	ozkan	X
gujaf-17	241	20	(	(	PUNCT
gujaf-17	241	21	2007	2007	NUM
gujaf-17	241	22	)	)	PUNCT
gujaf-17	241	23	,	,	PUNCT
gujaf-17	241	24	muhammed	muhamme	VERB
gujaf-17	241	25	(	(	PUNCT
gujaf-17	241	26	2015	2015	NUM
gujaf-17	241	27	)	)	PUNCT
gujaf-17	241	28	and	and	CCONJ
gujaf-17	241	29	contrary	contrary	ADJ
gujaf-17	241	30	to	to	ADP
gujaf-17	241	31	core	core	PROPN
gujaf-17	241	32	&	&	CCONJ
gujaf-17	241	33	guay	guay	X
gujaf-17	241	34	(	(	PUNCT
gujaf-17	241	35	2001	2001	NUM
gujaf-17	241	36	)	)	PUNCT
gujaf-17	241	37	,	,	PUNCT
gujaf-17	241	38	fernandes	fernande	NOUN
gujaf-17	241	39	(	(	PUNCT
gujaf-17	241	40	2005	2005	NUM
gujaf-17	241	41	)	)	PUNCT
gujaf-17	241	42	and	and	CCONJ
gujaf-17	241	43	suherman	suherman	NOUN
gujaf-17	241	44	et	et	PROPN
gujaf-17	241	45	al	al	PROPN
gujaf-17	241	46	(	(	PUNCT
gujaf-17	241	47	2011	2011	NUM
gujaf-17	241	48	)	)	PUNCT
gujaf-17	241	49	.	.	PUNCT
gujaf-17	242	1	board	board	NOUN
gujaf-17	242	2	size	size	NOUN
gujaf-17	242	3	and	and	CCONJ
gujaf-17	242	4	executive	executive	NOUN
gujaf-17	242	5	compensation	compensation	NOUN
gujaf-17	242	6	the	the	DET
gujaf-17	242	7	expectation	expectation	NOUN
gujaf-17	242	8	is	be	AUX
gujaf-17	242	9	that	that	SCONJ
gujaf-17	242	10	firms	firm	NOUN
gujaf-17	242	11	with	with	ADP
gujaf-17	242	12	relatively	relatively	ADV
gujaf-17	242	13	small	small	ADJ
gujaf-17	242	14	size	size	NOUN
gujaf-17	242	15	are	be	AUX
gujaf-17	242	16	more	more	ADV
gujaf-17	242	17	effective	effective	ADJ
gujaf-17	242	18	in	in	ADP
gujaf-17	242	19	terms	term	NOUN
gujaf-17	242	20	of	of	ADP
gujaf-17	242	21	decision	decision	NOUN
gujaf-17	242	22	making	making	NOUN
gujaf-17	242	23	and	and	CCONJ
gujaf-17	242	24	implementation	implementation	NOUN
gujaf-17	242	25	.	.	PUNCT
gujaf-17	243	1	however	however	ADV
gujaf-17	243	2	,	,	PUNCT
gujaf-17	243	3	the	the	DET
gujaf-17	243	4	result	result	NOUN
gujaf-17	243	5	in	in	ADP
gujaf-17	243	6	respect	respect	NOUN
gujaf-17	243	7	of	of	ADP
gujaf-17	243	8	board	board	NOUN
gujaf-17	243	9	size	size	NOUN
gujaf-17	243	10	and	and	CCONJ
gujaf-17	243	11	executive	executive	NOUN
gujaf-17	243	12	compensation	compensation	NOUN
gujaf-17	243	13	is	be	AUX
gujaf-17	243	14	positively	positively	ADV
gujaf-17	243	15	related	relate	VERB
gujaf-17	243	16	and	and	CCONJ
gujaf-17	243	17	shows	show	VERB
gujaf-17	243	18	that	that	SCONJ
gujaf-17	243	19	board	board	NOUN
gujaf-17	243	20	size	size	NOUN
gujaf-17	243	21	has	have	VERB
gujaf-17	243	22	a	a	DET
gujaf-17	243	23	coefficient	coefficient	NOUN
gujaf-17	243	24	of	of	ADP
gujaf-17	243	25	0.089	0.089	NUM
gujaf-17	243	26	and	and	CCONJ
gujaf-17	243	27	t	t	NOUN
gujaf-17	243	28	-	-	PUNCT
gujaf-17	243	29	value	value	NOUN
gujaf-17	243	30	of	of	ADP
gujaf-17	243	31	.80	.80	NUM
gujaf-17	243	32	.	.	PUNCT
gujaf-17	244	1	this	this	PRON
gujaf-17	244	2	shows	show	VERB
gujaf-17	244	3	that	that	SCONJ
gujaf-17	244	4	as	as	ADP
gujaf-17	244	5	the	the	DET
gujaf-17	244	6	number	number	NOUN
gujaf-17	244	7	of	of	ADP
gujaf-17	244	8	members	member	NOUN
gujaf-17	244	9	on	on	ADP
gujaf-17	244	10	board	board	NOUN
gujaf-17	244	11	increases	increase	NOUN
gujaf-17	244	12	,	,	PUNCT
gujaf-17	244	13	the	the	DET
gujaf-17	244	14	compensation	compensation	NOUN
gujaf-17	244	15	to	to	PART
gujaf-17	244	16	be	be	AUX
gujaf-17	244	17	received	receive	VERB
gujaf-17	244	18	by	by	ADP
gujaf-17	244	19	the	the	DET
gujaf-17	244	20	executive	executive	ADJ
gujaf-17	244	21	directors	director	NOUN
gujaf-17	244	22	of	of	ADP
gujaf-17	244	23	listed	list	VERB
gujaf-17	244	24	conglomerates	conglomerate	NOUN
gujaf-17	244	25	in	in	ADP
gujaf-17	244	26	nigeria	nigeria	PROPN
gujaf-17	244	27	will	will	AUX
gujaf-17	244	28	increase	increase	VERB
gujaf-17	244	29	by	by	ADP
gujaf-17	244	30	#	#	SYM
gujaf-17	244	31	0.80k	0.80k	NUM
gujaf-17	244	32	.	.	PUNCT
gujaf-17	245	1	this	this	DET
gujaf-17	245	2	result	result	NOUN
gujaf-17	245	3	further	far	ADV
gujaf-17	245	4	explained	explain	VERB
gujaf-17	245	5	the	the	DET
gujaf-17	245	6	positive	positive	ADJ
gujaf-17	245	7	relationship	relationship	NOUN
gujaf-17	245	8	between	between	ADP
gujaf-17	245	9	the	the	DET
gujaf-17	245	10	non	non	ADJ
gujaf-17	245	11	-	-	ADJ
gujaf-17	245	12	executive	executive	ADJ
gujaf-17	245	13	directors	director	NOUN
gujaf-17	245	14	and	and	CCONJ
gujaf-17	245	15	executive	executive	NOUN
gujaf-17	245	16	compensation	compensation	NOUN
gujaf-17	245	17	,	,	PUNCT
gujaf-17	245	18	as	as	SCONJ
gujaf-17	245	19	their	their	PRON
gujaf-17	245	20	large	large	ADJ
gujaf-17	245	21	number	number	NOUN
gujaf-17	245	22	only	only	ADV
gujaf-17	245	23	further	far	ADV
gujaf-17	245	24	increases	increase	VERB
gujaf-17	245	25	the	the	DET
gujaf-17	245	26	level	level	NOUN
gujaf-17	245	27	of	of	ADP
gujaf-17	245	28	pay	pay	NOUN
gujaf-17	245	29	of	of	ADP
gujaf-17	245	30	the	the	DET
gujaf-17	245	31	executives	executive	NOUN
gujaf-17	245	32	.	.	PUNCT
gujaf-17	246	1	the	the	DET
gujaf-17	246	2	reported	report	VERB
gujaf-17	246	3	result	result	NOUN
gujaf-17	246	4	in	in	ADP
gujaf-17	246	5	respect	respect	NOUN
gujaf-17	246	6	of	of	ADP
gujaf-17	246	7	board	board	NOUN
gujaf-17	246	8	size	size	NOUN
gujaf-17	246	9	provides	provide	VERB
gujaf-17	246	10	an	an	DET
gujaf-17	246	11	evidence	evidence	NOUN
gujaf-17	246	12	of	of	ADP
gujaf-17	246	13	failing	fail	VERB
gujaf-17	246	14	to	to	PART
gujaf-17	246	15	reject	reject	VERB
gujaf-17	246	16	hypothesis	hypothesis	NOUN
gujaf-17	246	17	six	six	NUM
gujaf-17	246	18	of	of	ADP
gujaf-17	246	19	the	the	DET
gujaf-17	246	20	study	study	NOUN
gujaf-17	246	21	,	,	PUNCT
gujaf-17	246	22	which	which	PRON
gujaf-17	246	23	states	state	VERB
gujaf-17	246	24	that	that	SCONJ
gujaf-17	246	25	board	board	NOUN
gujaf-17	246	26	size	size	NOUN
gujaf-17	246	27	has	have	VERB
gujaf-17	246	28	no	no	DET
gujaf-17	246	29	significant	significant	ADJ
gujaf-17	246	30	impact	impact	NOUN
gujaf-17	246	31	on	on	ADP
gujaf-17	246	32	executive	executive	ADJ
gujaf-17	246	33	compensation	compensation	NOUN
gujaf-17	246	34	of	of	ADP
gujaf-17	246	35	listed	list	VERB
gujaf-17	246	36	conglomerates	conglomerate	NOUN
gujaf-17	246	37	in	in	ADP
gujaf-17	246	38	nigeria	nigeria	PROPN
gujaf-17	246	39	.	.	PUNCT
gujaf-17	247	1	this	this	DET
gujaf-17	247	2	finding	finding	NOUN
gujaf-17	247	3	is	be	AUX
gujaf-17	247	4	consistent	consistent	ADJ
gujaf-17	247	5	with	with	ADP
gujaf-17	247	6	those	those	PRON
gujaf-17	247	7	of	of	ADP
gujaf-17	247	8	core	core	NOUN
gujaf-17	247	9	et	et	PROPN
gujaf-17	247	10	al	al	PROPN
gujaf-17	247	11	(	(	PUNCT
gujaf-17	247	12	1999	1999	NUM
gujaf-17	247	13	)	)	PUNCT
gujaf-17	247	14	gregg	gregg	NOUN
gujaf-17	247	15	et	et	PROPN
gujaf-17	247	16	al	al	PROPN
gujaf-17	247	17	(	(	PUNCT
gujaf-17	247	18	2011	2011	NUM
gujaf-17	247	19	)	)	PUNCT
gujaf-17	247	20	and	and	CCONJ
gujaf-17	247	21	sigler	sigler	PROPN
gujaf-17	247	22	(	(	PUNCT
gujaf-17	247	23	2011	2011	NUM
gujaf-17	247	24	)	)	PUNCT
gujaf-17	247	25	but	but	CCONJ
gujaf-17	247	26	contradicts	contradict	VERB
gujaf-17	247	27	the	the	DET
gujaf-17	247	28	findings	finding	NOUN
gujaf-17	247	29	of	of	ADP
gujaf-17	247	30	faleye	faleye	NOUN
gujaf-17	247	31	et	et	PROPN
gujaf-17	247	32	al	al	PROPN
gujaf-17	247	33	(	(	PUNCT
gujaf-17	247	34	2011	2011	NUM
gujaf-17	247	35	)	)	PUNCT
gujaf-17	247	36	seok	seok	PROPN
gujaf-17	247	37	et	et	PROPN
gujaf-17	247	38	al	al	PROPN
gujaf-17	247	39	(	(	PUNCT
gujaf-17	247	40	2012	2012	NUM
gujaf-17	247	41	)	)	PUNCT
gujaf-17	247	42	and	and	CCONJ
gujaf-17	247	43	muhammed	muhamme	VERB
gujaf-17	247	44	(	(	PUNCT
gujaf-17	247	45	2015	2015	NUM
gujaf-17	247	46	)	)	PUNCT
gujaf-17	247	47	.	.	PUNCT
gujaf-17	248	1	gujaf	gujaf	NOUN
gujaf-17	248	2	:	:	PUNCT
gujaf-17	248	3	gusau	gusau	PROPN
gujaf-17	248	4	journal	journal	NOUN
gujaf-17	248	5	of	of	ADP
gujaf-17	248	6	accounting	accounting	NOUN
gujaf-17	248	7	and	and	CCONJ
gujaf-17	248	8	finance	finance	NOUN
gujaf-17	248	9	,	,	PUNCT
gujaf-17	248	10	vol	vol	NOUN
gujaf-17	248	11	.	.	PUNCT
gujaf-17	249	1	i	i	PRON
gujaf-17	249	2	,	,	PUNCT
gujaf-17	249	3	issue	issue	NOUN
gujaf-17	249	4	1	1	NUM
gujaf-17	249	5	,	,	PUNCT
gujaf-17	249	6	april	april	PROPN
gujaf-17	249	7	,	,	PUNCT
gujaf-17	249	8	2020	2020	NUM
gujaf-17	249	9	issn	issn	VERB
gujaf-17	249	10	2756	2756	NUM
gujaf-17	249	11	-	-	PUNCT
gujaf-17	249	12	665x	665x	NOUN
gujaf-17	249	13	20	20	NUM
gujaf-17	249	14	5.1	5.1	NUM
gujaf-17	249	15	conclusion	conclusion	NOUN
gujaf-17	249	16	and	and	CCONJ
gujaf-17	249	17	recommendations	recommendation	NOUN
gujaf-17	249	18	the	the	DET
gujaf-17	249	19	study	study	NOUN
gujaf-17	249	20	draws	draw	VERB
gujaf-17	249	21	its	its	PRON
gujaf-17	249	22	conclusions	conclusion	NOUN
gujaf-17	249	23	based	base	VERB
gujaf-17	249	24	on	on	ADP
gujaf-17	249	25	the	the	DET
gujaf-17	249	26	empirical	empirical	ADJ
gujaf-17	249	27	and	and	CCONJ
gujaf-17	249	28	statistical	statistical	ADJ
gujaf-17	249	29	evidence	evidence	NOUN
gujaf-17	249	30	provided	provide	VERB
gujaf-17	249	31	,	,	PUNCT
gujaf-17	249	32	that	that	DET
gujaf-17	249	33	roa	roa	NOUN
gujaf-17	249	34	and	and	CCONJ
gujaf-17	249	35	roe	roe	PROPN
gujaf-17	249	36	that	that	PRON
gujaf-17	249	37	were	be	AUX
gujaf-17	249	38	used	use	VERB
gujaf-17	249	39	as	as	ADP
gujaf-17	249	40	proxy	proxy	NOUN
gujaf-17	249	41	for	for	ADP
gujaf-17	249	42	financial	financial	ADJ
gujaf-17	249	43	performance	performance	NOUN
gujaf-17	249	44	have	have	VERB
gujaf-17	249	45	a	a	DET
gujaf-17	249	46	positive	positive	ADJ
gujaf-17	249	47	and	and	CCONJ
gujaf-17	249	48	significant	significant	ADJ
gujaf-17	249	49	impact	impact	NOUN
gujaf-17	249	50	on	on	ADP
gujaf-17	249	51	executive	executive	ADJ
gujaf-17	249	52	compensation	compensation	NOUN
gujaf-17	249	53	of	of	ADP
gujaf-17	249	54	listed	list	VERB
gujaf-17	249	55	conglomerates	conglomerate	NOUN
gujaf-17	249	56	in	in	ADP
gujaf-17	249	57	nigeria	nigeria	PROPN
gujaf-17	249	58	,	,	PUNCT
gujaf-17	249	59	which	which	PRON
gujaf-17	249	60	could	could	AUX
gujaf-17	249	61	be	be	AUX
gujaf-17	249	62	attributed	attribute	VERB
gujaf-17	249	63	to	to	ADP
gujaf-17	249	64	benefits	benefit	NOUN
gujaf-17	249	65	in	in	ADP
gujaf-17	249	66	form	form	NOUN
gujaf-17	249	67	of	of	ADP
gujaf-17	249	68	incentives	incentive	NOUN
gujaf-17	249	69	(	(	PUNCT
gujaf-17	249	70	bonuses	bonus	NOUN
gujaf-17	249	71	)	)	PUNCT
gujaf-17	249	72	attached	attach	VERB
gujaf-17	249	73	to	to	ADP
gujaf-17	249	74	the	the	DET
gujaf-17	249	75	compensation	compensation	NOUN
gujaf-17	249	76	of	of	ADP
gujaf-17	249	77	the	the	DET
gujaf-17	249	78	executive	executive	ADJ
gujaf-17	249	79	directors	director	NOUN
gujaf-17	249	80	in	in	ADP
gujaf-17	249	81	relation	relation	NOUN
gujaf-17	249	82	to	to	ADP
gujaf-17	249	83	the	the	DET
gujaf-17	249	84	performances	performance	NOUN
gujaf-17	249	85	of	of	ADP
gujaf-17	249	86	the	the	DET
gujaf-17	249	87	firms	firm	NOUN
gujaf-17	249	88	they	they	PRON
gujaf-17	249	89	manage	manage	VERB
gujaf-17	249	90	.	.	PUNCT
gujaf-17	250	1	while	while	SCONJ
gujaf-17	250	2	board	board	NOUN
gujaf-17	250	3	composition	composition	NOUN
gujaf-17	250	4	and	and	CCONJ
gujaf-17	250	5	institutional	institutional	ADJ
gujaf-17	250	6	ownership	ownership	NOUN
gujaf-17	250	7	were	be	AUX
gujaf-17	250	8	positively	positively	ADV
gujaf-17	250	9	and	and	CCONJ
gujaf-17	250	10	negatively	negatively	ADV
gujaf-17	250	11	but	but	CCONJ
gujaf-17	250	12	not	not	PART
gujaf-17	250	13	significantly	significantly	ADV
gujaf-17	250	14	associated	associate	VERB
gujaf-17	250	15	with	with	ADP
gujaf-17	250	16	executive	executive	ADJ
gujaf-17	250	17	compensation	compensation	NOUN
gujaf-17	250	18	respectively	respectively	ADV
gujaf-17	250	19	.	.	PUNCT
gujaf-17	251	1	the	the	DET
gujaf-17	251	2	association	association	NOUN
gujaf-17	251	3	between	between	ADP
gujaf-17	251	4	executive	executive	ADJ
gujaf-17	251	5	ownership	ownership	NOUN
gujaf-17	251	6	and	and	CCONJ
gujaf-17	251	7	executive	executive	NOUN
gujaf-17	251	8	compensation	compensation	NOUN
gujaf-17	251	9	within	within	ADP
gujaf-17	251	10	the	the	DET
gujaf-17	251	11	listed	list	VERB
gujaf-17	251	12	conglomerates	conglomerate	NOUN
gujaf-17	251	13	in	in	ADP
gujaf-17	251	14	nigeria	nigeria	PROPN
gujaf-17	251	15	was	be	AUX
gujaf-17	251	16	found	find	VERB
gujaf-17	251	17	to	to	PART
gujaf-17	251	18	be	be	AUX
gujaf-17	251	19	negative	negative	ADJ
gujaf-17	251	20	and	and	CCONJ
gujaf-17	251	21	significantly	significantly	ADV
gujaf-17	251	22	influencing	influence	VERB
gujaf-17	251	23	the	the	DET
gujaf-17	251	24	compensation	compensation	NOUN
gujaf-17	251	25	received	receive	VERB
gujaf-17	251	26	by	by	ADP
gujaf-17	251	27	its	its	PRON
gujaf-17	251	28	executives	executive	NOUN
gujaf-17	251	29	.	.	PUNCT
gujaf-17	252	1	the	the	DET
gujaf-17	252	2	study	study	NOUN
gujaf-17	252	3	recommended	recommend	VERB
gujaf-17	252	4	that	that	SCONJ
gujaf-17	252	5	listed	list	VERB
gujaf-17	252	6	conglomerates	conglomerate	NOUN
gujaf-17	252	7	in	in	ADP
gujaf-17	252	8	nigeria	nigeria	PROPN
gujaf-17	252	9	should	should	AUX
gujaf-17	252	10	improve	improve	VERB
gujaf-17	252	11	the	the	DET
gujaf-17	252	12	design	design	NOUN
gujaf-17	252	13	of	of	ADP
gujaf-17	252	14	the	the	DET
gujaf-17	252	15	compensation	compensation	NOUN
gujaf-17	252	16	package	package	NOUN
gujaf-17	252	17	of	of	ADP
gujaf-17	252	18	the	the	DET
gujaf-17	252	19	executive	executive	ADJ
gujaf-17	252	20	directors	director	NOUN
gujaf-17	252	21	with	with	ADP
gujaf-17	252	22	financial	financial	ADJ
gujaf-17	252	23	incentives	incentive	NOUN
gujaf-17	252	24	that	that	PRON
gujaf-17	252	25	will	will	AUX
gujaf-17	252	26	enhance	enhance	VERB
gujaf-17	252	27	the	the	DET
gujaf-17	252	28	maximization	maximization	NOUN
gujaf-17	252	29	of	of	ADP
gujaf-17	252	30	shareholders	shareholder	NOUN
gujaf-17	252	31	’	'	PUNCT
gujaf-17	252	32	wealth	wealth	NOUN
gujaf-17	252	33	,	,	PUNCT
gujaf-17	252	34	as	as	SCONJ
gujaf-17	252	35	it	it	PRON
gujaf-17	252	36	is	be	AUX
gujaf-17	252	37	empirically	empirically	ADV
gujaf-17	252	38	proven	prove	VERB
gujaf-17	252	39	that	that	SCONJ
gujaf-17	252	40	it	it	PRON
gujaf-17	252	41	reduces	reduce	VERB
gujaf-17	252	42	agency	agency	NOUN
gujaf-17	252	43	cost	cost	NOUN
gujaf-17	252	44	.	.	PUNCT
gujaf-17	253	1	furthermore	furthermore	ADV
gujaf-17	253	2	,	,	PUNCT
gujaf-17	253	3	they	they	PRON
gujaf-17	253	4	should	should	AUX
gujaf-17	253	5	be	be	AUX
gujaf-17	253	6	mandated	mandate	VERB
gujaf-17	253	7	as	as	ADP
gujaf-17	253	8	required	require	VERB
gujaf-17	253	9	by	by	ADP
gujaf-17	253	10	law	law	NOUN
gujaf-17	253	11	to	to	PART
gujaf-17	253	12	fully	fully	ADV
gujaf-17	253	13	disclose	disclose	VERB
gujaf-17	253	14	,	,	PUNCT
gujaf-17	253	15	individually	individually	ADV
gujaf-17	253	16	,	,	PUNCT
gujaf-17	253	17	all	all	DET
gujaf-17	253	18	the	the	DET
gujaf-17	253	19	components	component	NOUN
gujaf-17	253	20	of	of	ADP
gujaf-17	253	21	the	the	DET
gujaf-17	253	22	compensation	compensation	NOUN
gujaf-17	253	23	of	of	ADP
gujaf-17	253	24	the	the	DET
gujaf-17	253	25	executive	executive	ADJ
gujaf-17	253	26	directors	director	NOUN
gujaf-17	253	27	as	as	ADP
gujaf-17	253	28	this	this	PRON
gujaf-17	253	29	will	will	AUX
gujaf-17	253	30	not	not	PART
gujaf-17	253	31	only	only	ADV
gujaf-17	253	32	benefit	benefit	VERB
gujaf-17	253	33	the	the	DET
gujaf-17	253	34	users	user	NOUN
gujaf-17	253	35	of	of	ADP
gujaf-17	253	36	the	the	DET
gujaf-17	253	37	financial	financial	ADJ
gujaf-17	253	38	reports	report	NOUN
gujaf-17	253	39	and	and	CCONJ
gujaf-17	253	40	accounts	account	NOUN
gujaf-17	253	41	but	but	CCONJ
gujaf-17	253	42	also	also	ADV
gujaf-17	253	43	will	will	AUX
gujaf-17	253	44	aid	aid	VERB
gujaf-17	253	45	researchers	researcher	NOUN
gujaf-17	253	46	in	in	ADP
gujaf-17	253	47	their	their	PRON
gujaf-17	253	48	quests	quest	NOUN
gujaf-17	253	49	.	.	PUNCT
gujaf-17	254	1	also	also	ADV
gujaf-17	254	2	,	,	PUNCT
gujaf-17	254	3	compensation	compensation	NOUN
gujaf-17	254	4	of	of	ADP
gujaf-17	254	5	the	the	DET
gujaf-17	254	6	executive	executive	ADJ
gujaf-17	254	7	directors	director	NOUN
gujaf-17	254	8	of	of	ADP
gujaf-17	254	9	listed	list	VERB
gujaf-17	254	10	conglomerates	conglomerate	NOUN
gujaf-17	254	11	in	in	ADP
gujaf-17	254	12	nigeria	nigeria	PROPN
gujaf-17	254	13	can	can	AUX
gujaf-17	254	14	be	be	AUX
gujaf-17	254	15	strengthened	strengthen	VERB
gujaf-17	254	16	with	with	ADP
gujaf-17	254	17	the	the	DET
gujaf-17	254	18	use	use	NOUN
gujaf-17	254	19	of	of	ADP
gujaf-17	254	20	long	long	ADJ
gujaf-17	254	21	term	term	NOUN
gujaf-17	254	22	pay	pay	NOUN
gujaf-17	254	23	(	(	PUNCT
gujaf-17	254	24	equity	equity	NOUN
gujaf-17	254	25	)	)	PUNCT
gujaf-17	254	26	,	,	PUNCT
gujaf-17	254	27	which	which	PRON
gujaf-17	254	28	will	will	AUX
gujaf-17	254	29	encourage	encourage	VERB
gujaf-17	254	30	them	they	PRON
gujaf-17	254	31	to	to	PART
gujaf-17	254	32	be	be	AUX
gujaf-17	254	33	part	part	NOUN
gujaf-17	254	34	of	of	ADP
gujaf-17	254	35	the	the	DET
gujaf-17	254	36	owners	owner	NOUN
gujaf-17	254	37	of	of	ADP
gujaf-17	254	38	the	the	DET
gujaf-17	254	39	firms	firm	NOUN
gujaf-17	254	40	they	they	PRON
gujaf-17	254	41	manage	manage	VERB
gujaf-17	254	42	.	.	PUNCT
gujaf-17	255	1	references	reference	NOUN
gujaf-17	255	2	aduda	aduda	NOUN
gujaf-17	255	3	,	,	PUNCT
gujaf-17	255	4	j.	j.	PROPN
gujaf-17	255	5	(	(	PUNCT
gujaf-17	255	6	2011	2011	NUM
gujaf-17	255	7	)	)	PUNCT
gujaf-17	255	8	.	.	PUNCT
gujaf-17	256	1	the	the	DET
gujaf-17	256	2	relationship	relationship	NOUN
gujaf-17	256	3	between	between	ADP
gujaf-17	256	4	executive	executive	NOUN
gujaf-17	256	5	compensation	compensation	NOUN
gujaf-17	256	6	and	and	CCONJ
gujaf-17	256	7	firm	firm	ADJ
gujaf-17	256	8	performance	performance	NOUN
gujaf-17	256	9	in	in	ADP
gujaf-17	256	10	the	the	DET
gujaf-17	256	11	kenyan	kenyan	ADJ
gujaf-17	256	12	banking	banking	NOUN
gujaf-17	256	13	sector	sector	NOUN
gujaf-17	256	14	“	"	PUNCT
gujaf-17	256	15	journal	journal	NOUN
gujaf-17	256	16	of	of	ADP
gujaf-17	256	17	accounting	accounting	NOUN
gujaf-17	256	18	and	and	CCONJ
gujaf-17	256	19	taxation	taxation	NOUN
gujaf-17	256	20	,	,	PUNCT
gujaf-17	256	21	3(6	3(6	NUM
gujaf-17	256	22	)	)	PUNCT
gujaf-17	256	23	.	.	PUNCT
gujaf-17	257	1	antle	antle	PROPN
gujaf-17	257	2	,	,	PUNCT
gujaf-17	257	3	r.	r.	PROPN
gujaf-17	257	4	,	,	PUNCT
gujaf-17	257	5	&	&	CCONJ
gujaf-17	257	6	smith	smith	PROPN
gujaf-17	257	7	,	,	PUNCT
gujaf-17	257	8	a.	a.	NOUN
gujaf-17	257	9	(	(	PUNCT
gujaf-17	257	10	1986	1986	NUM
gujaf-17	257	11	)	)	PUNCT
gujaf-17	257	12	.	.	PUNCT
gujaf-17	258	1	“	"	PUNCT
gujaf-17	258	2	an	an	DET
gujaf-17	258	3	empirical	empirical	ADJ
gujaf-17	258	4	investigation	investigation	NOUN
gujaf-17	258	5	of	of	ADP
gujaf-17	258	6	the	the	DET
gujaf-17	258	7	relative	relative	ADJ
gujaf-17	258	8	performance	performance	NOUN
gujaf-17	258	9	evaluation	evaluation	NOUN
gujaf-17	258	10	of	of	ADP
gujaf-17	258	11	corporate	corporate	ADJ
gujaf-17	258	12	executives	executive	NOUN
gujaf-17	258	13	,	,	PUNCT
gujaf-17	258	14	”	"	PUNCT
gujaf-17	258	15	journal	journal	NOUN
gujaf-17	258	16	of	of	ADP
gujaf-17	258	17	accounting	accounting	NOUN
gujaf-17	258	18	research	research	NOUN
gujaf-17	258	19	,	,	PUNCT
gujaf-17	258	20	24(1	24(1	NUM
gujaf-17	258	21	)	)	PUNCT
gujaf-17	258	22	,	,	PUNCT
gujaf-17	258	23	1	1	NUM
gujaf-17	258	24	-	-	SYM
gujaf-17	258	25	39	39	NUM
gujaf-17	258	26	.	.	PUNCT
gujaf-17	259	1	ayodele	ayodele	PROPN
gujaf-17	259	2	,	,	PUNCT
gujaf-17	259	3	j.c	j.c	PROPN
gujaf-17	259	4	.	.	PROPN
gujaf-17	259	5	(	(	PUNCT
gujaf-17	259	6	2012	2012	NUM
gujaf-17	259	7	)	)	PUNCT
gujaf-17	259	8	.	.	PUNCT
gujaf-17	260	1	executive	executive	PROPN
gujaf-17	260	2	compensation	compensation	NOUN
gujaf-17	260	3	structure	structure	NOUN
gujaf-17	260	4	,	,	PUNCT
gujaf-17	260	5	ownership	ownership	NOUN
gujaf-17	260	6	and	and	CCONJ
gujaf-17	260	7	firm	firm	ADJ
gujaf-17	260	8	performance	performance	NOUN
gujaf-17	260	9	nexus	nexus	NOUN
gujaf-17	260	10	:	:	PUNCT
gujaf-17	260	11	an	an	DET
gujaf-17	260	12	empirical	empirical	ADJ
gujaf-17	260	13	analysis	analysis	NOUN
gujaf-17	260	14	.	.	PUNCT
gujaf-17	261	1	european	european	ADJ
gujaf-17	261	2	journal	journal	PROPN
gujaf-17	261	3	of	of	ADP
gujaf-17	261	4	humanities	humanity	NOUN
gujaf-17	261	5	and	and	CCONJ
gujaf-17	261	6	social	social	ADJ
gujaf-17	261	7	science	science	NOUN
gujaf-17	261	8	,	,	PUNCT
gujaf-17	261	9	17(1	17(1	NUM
gujaf-17	261	10	)	)	PUNCT
gujaf-17	261	11	,	,	PUNCT
gujaf-17	261	12	nigeria	nigeria	PROPN
gujaf-17	261	13	.	.	PUNCT
gujaf-17	262	1	issn	issn	PROPN
gujaf-17	262	2	2220	2220	NUM
gujaf-17	262	3	-	-	SYM
gujaf-17	262	4	9425	9425	NUM
gujaf-17	262	5	boostman	boostman	NOUN
gujaf-17	262	6	,	,	PUNCT
gujaf-17	262	7	b.	b.	PROPN
gujaf-17	262	8	(	(	PUNCT
gujaf-17	262	9	2009	2009	NUM
gujaf-17	262	10	)	)	PUNCT
gujaf-17	262	11	.	.	PUNCT
gujaf-17	263	1	pay	pay	VERB
gujaf-17	263	2	for	for	ADP
gujaf-17	263	3	performance	performance	NOUN
gujaf-17	263	4	.	.	PUNCT
gujaf-17	264	1	accounting	accounting	NOUN
gujaf-17	264	2	,	,	PUNCT
gujaf-17	264	3	auditing	auditing	NOUN
gujaf-17	264	4	and	and	CCONJ
gujaf-17	264	5	control	control	NOUN
gujaf-17	264	6	group	group	NOUN
gujaf-17	264	7	,	,	PUNCT
gujaf-17	264	8	unpublished	unpublished	ADJ
gujaf-17	264	9	core	core	NOUN
gujaf-17	264	10	,	,	PUNCT
gujaf-17	264	11	j.e	j.e	PROPN
gujaf-17	264	12	.	.	PROPN
gujaf-17	264	13	,	,	PUNCT
gujaf-17	264	14	&	&	CCONJ
gujaf-17	264	15	guay	guay	PROPN
gujaf-17	264	16	,	,	PUNCT
gujaf-17	264	17	w.r	w.r	PROPN
gujaf-17	264	18	.	.	PUNCT
gujaf-17	264	19	(	(	PUNCT
gujaf-17	264	20	2001	2001	NUM
gujaf-17	264	21	)	)	PUNCT
gujaf-17	264	22	.	.	PUNCT
gujaf-17	265	1	stock	stock	NOUN
gujaf-17	265	2	option	option	NOUN
gujaf-17	265	3	plans	plan	NOUN
gujaf-17	265	4	for	for	ADP
gujaf-17	265	5	non	non	ADJ
gujaf-17	265	6	-	-	ADJ
gujaf-17	265	7	executive	executive	ADJ
gujaf-17	265	8	employees	employee	NOUN
gujaf-17	265	9	,	,	PUNCT
gujaf-17	265	10	journal	journal	NOUN
gujaf-17	265	11	of	of	ADP
gujaf-17	265	12	financial	financial	ADJ
gujaf-17	265	13	economics	economic	NOUN
gujaf-17	265	14	61(2	61(2	NUM
gujaf-17	265	15	)	)	PUNCT
gujaf-17	265	16	,	,	PUNCT
gujaf-17	265	17	253	253	NUM
gujaf-17	265	18	-	-	SYM
gujaf-17	265	19	287	287	NUM
gujaf-17	265	20	.	.	PUNCT
gujaf-17	266	1	gujaf	gujaf	NOUN
gujaf-17	266	2	:	:	PUNCT
gujaf-17	266	3	gusau	gusau	PROPN
gujaf-17	266	4	journal	journal	NOUN
gujaf-17	266	5	of	of	ADP
gujaf-17	266	6	accounting	accounting	NOUN
gujaf-17	266	7	and	and	CCONJ
gujaf-17	266	8	finance	finance	NOUN
gujaf-17	266	9	,	,	PUNCT
gujaf-17	266	10	vol	vol	NOUN
gujaf-17	266	11	.	.	PUNCT
gujaf-17	267	1	i	i	PRON
gujaf-17	267	2	,	,	PUNCT
gujaf-17	267	3	issue	issue	NOUN
gujaf-17	267	4	1	1	NUM
gujaf-17	267	5	,	,	PUNCT
gujaf-17	267	6	april	april	PROPN
gujaf-17	267	7	,	,	PUNCT
gujaf-17	267	8	2020	2020	NUM
gujaf-17	267	9	issn	issn	PROPN
gujaf-17	267	10	2756	2756	NUM
gujaf-17	267	11	-	-	PUNCT
gujaf-17	267	12	665x	665x	NOUN
gujaf-17	267	13	21	21	NUM
gujaf-17	267	14	core	core	NOUN
gujaf-17	267	15	,	,	PUNCT
gujaf-17	267	16	j.e	j.e	PROPN
gujaf-17	267	17	.	.	PROPN
gujaf-17	267	18	,	,	PUNCT
gujaf-17	267	19	holthausen	holthausen	PROPN
gujaf-17	267	20	,	,	PUNCT
gujaf-17	267	21	r.w	r.w	PROPN
gujaf-17	267	22	.	.	PROPN
gujaf-17	267	23	,	,	PUNCT
gujaf-17	267	24	&	&	CCONJ
gujaf-17	267	25	larcker	larcker	PROPN
gujaf-17	267	26	,	,	PUNCT
gujaf-17	267	27	d.f	d.f	PROPN
gujaf-17	267	28	.	.	PROPN
gujaf-17	267	29	(	(	PUNCT
gujaf-17	267	30	1999	1999	NUM
gujaf-17	267	31	)	)	PUNCT
gujaf-17	267	32	.	.	PUNCT
gujaf-17	268	1	corporate	corporate	ADJ
gujaf-17	268	2	governance	governance	NOUN
gujaf-17	268	3	,	,	PUNCT
gujaf-17	268	4	chief	chief	ADJ
gujaf-17	268	5	executive	executive	ADJ
gujaf-17	268	6	officer	officer	NOUN
gujaf-17	268	7	compensation	compensation	NOUN
gujaf-17	268	8	and	and	CCONJ
gujaf-17	268	9	firm	firm	ADJ
gujaf-17	268	10	performance	performance	NOUN
gujaf-17	268	11	.	.	PUNCT
gujaf-17	269	1	journal	journal	NOUN
gujaf-17	269	2	of	of	ADP
gujaf-17	269	3	financial	financial	ADJ
gujaf-17	269	4	economics	economic	NOUN
gujaf-17	269	5	51	51	NUM
gujaf-17	269	6	,	,	PUNCT
gujaf-17	269	7	371	371	NUM
gujaf-17	269	8	-	-	SYM
gujaf-17	269	9	406	406	NUM
gujaf-17	269	10	.	.	PUNCT
gujaf-17	270	1	conyon	conyon	NOUN
gujaf-17	270	2	m.j	m.j	PROPN
gujaf-17	270	3	.	.	PROPN
gujaf-17	270	4	,	,	PUNCT
gujaf-17	270	5	&	&	CCONJ
gujaf-17	270	6	leech	leech	NOUN
gujaf-17	270	7	,	,	PUNCT
gujaf-17	270	8	d.	d.	NOUN
gujaf-17	270	9	(	(	PUNCT
gujaf-17	270	10	1994	1994	NUM
gujaf-17	270	11	)	)	PUNCT
gujaf-17	270	12	.	.	PUNCT
gujaf-17	271	1	top	top	ADJ
gujaf-17	271	2	pay	pay	NOUN
gujaf-17	271	3	,	,	PUNCT
gujaf-17	271	4	company	company	NOUN
gujaf-17	271	5	performance	performance	NOUN
gujaf-17	271	6	and	and	CCONJ
gujaf-17	271	7	corporate	corporate	ADJ
gujaf-17	271	8	performance	performance	NOUN
gujaf-17	271	9	:	:	PUNCT
gujaf-17	271	10	oxford	oxford	ADJ
gujaf-17	271	11	bulletin	bulletin	NOUN
gujaf-17	271	12	of	of	ADP
gujaf-17	271	13	economics	economic	NOUN
gujaf-17	271	14	and	and	CCONJ
gujaf-17	271	15	statistics	statistic	NOUN
gujaf-17	271	16	,	,	PUNCT
gujaf-17	271	17	56	56	NUM
gujaf-17	271	18	(	(	PUNCT
gujaf-17	271	19	3	3	NUM
gujaf-17	271	20	)	)	PUNCT
gujaf-17	271	21	.	.	PUNCT
gujaf-17	272	1	duffhues	duffhue	NOUN
gujaf-17	272	2	,	,	PUNCT
gujaf-17	272	3	p.	p.	NOUN
gujaf-17	272	4	,	,	PUNCT
gujaf-17	272	5	&	&	CCONJ
gujaf-17	272	6	kabir	kabir	PROPN
gujaf-17	272	7	,	,	PUNCT
gujaf-17	272	8	r.	r.	PROPN
gujaf-17	272	9	(	(	PUNCT
gujaf-17	272	10	2008	2008	NUM
gujaf-17	272	11	)	)	PUNCT
gujaf-17	272	12	.	.	PUNCT
gujaf-17	273	1	‘	'	PUNCT
gujaf-17	273	2	is	be	AUX
gujaf-17	273	3	the	the	DET
gujaf-17	273	4	pay	pay	NOUN
gujaf-17	273	5	-	-	PUNCT
gujaf-17	273	6	performance	performance	NOUN
gujaf-17	273	7	relationship	relationship	NOUN
gujaf-17	273	8	always	always	ADV
gujaf-17	273	9	positive	positive	ADJ
gujaf-17	273	10	?	?	PUNCT
gujaf-17	274	1	evidence	evidence	NOUN
gujaf-17	274	2	from	from	ADP
gujaf-17	274	3	the	the	DET
gujaf-17	274	4	netherlands	netherlands	PROPN
gujaf-17	274	5	’	'	PUNCT
gujaf-17	274	6	,	,	PUNCT
gujaf-17	274	7	journal	journal	NOUN
gujaf-17	274	8	of	of	ADP
gujaf-17	274	9	multinational	multinational	ADJ
gujaf-17	274	10	financial	financial	ADJ
gujaf-17	274	11	management	management	NOUN
gujaf-17	274	12	,	,	PUNCT
gujaf-17	274	13	18(1	18(1	NUM
gujaf-17	274	14	)	)	PUNCT
gujaf-17	274	15	,	,	PUNCT
gujaf-17	274	16	45–60	45–60	PROPN
gujaf-17	274	17	.	.	PUNCT
gujaf-17	275	1	erick	erick	PROPN
gujaf-17	275	2	t.	t.	PROPN
gujaf-17	275	3	k	k	PROPN
gujaf-17	275	4	,	,	PUNCT
gujaf-17	275	5	kefah	kefah	PROPN
gujaf-17	275	6	,	,	PUNCT
gujaf-17	275	7	b.a	b.a	PROPN
gujaf-17	275	8	.	.	PROPN
gujaf-17	275	9	,	,	PUNCT
gujaf-17	275	10	&	&	CCONJ
gujaf-17	275	11	nyaoga	nyaoga	PROPN
gujaf-17	275	12	,	,	PUNCT
gujaf-17	275	13	r.b	r.b	PROPN
gujaf-17	275	14	.	.	PROPN
gujaf-17	275	15	(	(	PUNCT
gujaf-17	275	16	2014	2014	NUM
gujaf-17	275	17	)	)	PUNCT
gujaf-17	275	18	.	.	PUNCT
gujaf-17	276	1	the	the	DET
gujaf-17	276	2	relationship	relationship	NOUN
gujaf-17	276	3	between	between	ADP
gujaf-17	276	4	executive	executive	NOUN
gujaf-17	276	5	compensation	compensation	NOUN
gujaf-17	276	6	and	and	CCONJ
gujaf-17	276	7	financial	financial	ADJ
gujaf-17	276	8	performance	performance	NOUN
gujaf-17	276	9	of	of	ADP
gujaf-17	276	10	insurance	insurance	NOUN
gujaf-17	276	11	companies	company	NOUN
gujaf-17	276	12	in	in	ADP
gujaf-17	276	13	kenya	kenya	PROPN
gujaf-17	276	14	.	.	PUNCT
gujaf-17	277	1	research	research	NOUN
gujaf-17	277	2	journal	journal	PROPN
gujaf-17	277	3	of	of	ADP
gujaf-17	277	4	finance	finance	NOUN
gujaf-17	277	5	and	and	CCONJ
gujaf-17	277	6	accounting	accounting	NOUN
gujaf-17	277	7	www.iiste.org	www.iiste.org	PROPN
gujaf-17	277	8	issn	issn	PROPN
gujaf-17	277	9	2222	2222	NUM
gujaf-17	277	10	-	-	SYM
gujaf-17	277	11	1697	1697	NUM
gujaf-17	277	12	(	(	PUNCT
gujaf-17	277	13	paper	paper	NOUN
gujaf-17	277	14	)	)	PUNCT
gujaf-17	277	15	issn	issn	VERB
gujaf-17	277	16	2222	2222	NUM
gujaf-17	277	17	-	-	SYM
gujaf-17	277	18	2847	2847	NUM
gujaf-17	277	19	(	(	PUNCT
gujaf-17	277	20	online	online	ADJ
gujaf-17	277	21	)	)	PUNCT
gujaf-17	277	22	5(1	5(1	NUM
gujaf-17	277	23	)	)	PUNCT
gujaf-17	277	24	.	.	PUNCT
gujaf-17	278	1	faleye	faleye	NOUN
gujaf-17	278	2	,	,	PUNCT
gujaf-17	278	3	o.	o.	PROPN
gujaf-17	278	4	,	,	PUNCT
gujaf-17	278	5	hoitash	hoitash	PROPN
gujaf-17	278	6	,	,	PUNCT
gujaf-17	278	7	r.	r.	PROPN
gujaf-17	278	8	,	,	PUNCT
gujaf-17	278	9	&	&	CCONJ
gujaf-17	278	10	hoitash	hoitash	PROPN
gujaf-17	278	11	,	,	PUNCT
gujaf-17	278	12	u.	u.	PROPN
gujaf-17	278	13	(	(	PUNCT
gujaf-17	278	14	2011	2011	NUM
gujaf-17	278	15	)	)	PUNCT
gujaf-17	278	16	.	.	PUNCT
gujaf-17	279	1	“	"	PUNCT
gujaf-17	279	2	the	the	DET
gujaf-17	279	3	costs	cost	NOUN
gujaf-17	279	4	of	of	ADP
gujaf-17	279	5	intense	intense	ADJ
gujaf-17	279	6	board	board	NOUN
gujaf-17	279	7	monitoring	monitoring	NOUN
gujaf-17	279	8	.	.	PUNCT
gujaf-17	279	9	”	"	PUNCT
gujaf-17	280	1	journal	journal	NOUN
gujaf-17	280	2	of	of	ADP
gujaf-17	280	3	financial	financial	ADJ
gujaf-17	280	4	economics	economic	NOUN
gujaf-17	280	5	101(1	101(1	NUM
gujaf-17	280	6	)	)	PUNCT
gujaf-17	280	7	,	,	PUNCT
gujaf-17	280	8	160	160	NUM
gujaf-17	280	9	-	-	SYM
gujaf-17	280	10	181	181	NUM
gujaf-17	280	11	.	.	PUNCT
gujaf-17	281	1	fernandes	fernande	NOUN
gujaf-17	281	2	,	,	PUNCT
gujaf-17	281	3	n.	n.	NOUN
gujaf-17	281	4	(	(	PUNCT
gujaf-17	281	5	2005	2005	NUM
gujaf-17	281	6	)	)	PUNCT
gujaf-17	281	7	.	.	PUNCT
gujaf-17	282	1	board	board	NOUN
gujaf-17	282	2	compensation	compensation	NOUN
gujaf-17	282	3	and	and	CCONJ
gujaf-17	282	4	firm	firm	ADJ
gujaf-17	282	5	performance	performance	NOUN
gujaf-17	282	6	:	:	PUNCT
gujaf-17	282	7	the	the	DET
gujaf-17	282	8	role	role	NOUN
gujaf-17	282	9	of	of	ADP
gujaf-17	282	10	independent	independent	ADJ
gujaf-17	282	11	board	board	NOUN
gujaf-17	282	12	members	member	NOUN
gujaf-17	282	13	,	,	PUNCT
gujaf-17	282	14	ecgi	ecgi	PROPN
gujaf-17	282	15	working	working	NOUN
gujaf-17	282	16	paper	paper	NOUN
gujaf-17	282	17	series	series	NOUN
gujaf-17	282	18	in	in	ADP
gujaf-17	282	19	finance	finance	NOUN
gujaf-17	282	20	(	(	PUNCT
gujaf-17	282	21	http://ssrn.com/abstract_id=830244	http://ssrn.com/abstract_id=830244	PROPN
gujaf-17	282	22	)	)	PUNCT
gujaf-17	282	23	.	.	PUNCT
gujaf-17	283	1	gan	gan	PROPN
gujaf-17	283	2	,	,	PUNCT
gujaf-17	283	3	h.	h.	PROPN
gujaf-17	283	4	,	,	PUNCT
gujaf-17	283	5	victoravich	victoravich	PROPN
gujaf-17	283	6	,	,	PUNCT
gujaf-17	283	7	l.m	l.m	PROPN
gujaf-17	283	8	.	.	PROPN
gujaf-17	283	9	,	,	PUNCT
gujaf-17	283	10	&	&	CCONJ
gujaf-17	283	11	xu	xu	PROPN
gujaf-17	283	12	,	,	PUNCT
gujaf-17	283	13	p.	p.	NOUN
gujaf-17	283	14	(	(	PUNCT
gujaf-17	283	15	2012	2012	NUM
gujaf-17	283	16	)	)	PUNCT
gujaf-17	283	17	.	.	PUNCT
gujaf-17	284	1	institutional	institutional	ADJ
gujaf-17	284	2	ownership	ownership	NOUN
gujaf-17	284	3	and	and	CCONJ
gujaf-17	284	4	executive	executive	ADJ
gujaf-17	284	5	compensation	compensation	NOUN
gujaf-17	284	6	:	:	PUNCT
gujaf-17	284	7	evidence	evidence	NOUN
gujaf-17	284	8	from	from	ADP
gujaf-17	284	9	u.s	u.s	PROPN
gujaf-17	284	10	.	.	PROPN
gujaf-17	284	11	banks	bank	NOUN
gujaf-17	284	12	during	during	ADP
gujaf-17	284	13	the	the	DET
gujaf-17	284	14	financial	financial	ADJ
gujaf-17	284	15	crisis	crisis	NOUN
gujaf-17	284	16	(	(	PUNCT
gujaf-17	284	17	http://ssrn.com/abstract=191099	http://ssrn.com/abstract=191099	NOUN
gujaf-17	284	18	)	)	PUNCT
gujaf-17	284	19	.	.	PUNCT
gujaf-17	285	1	gorre	gorre	PROPN
gujaf-17	285	2	,	,	PUNCT
gujaf-17	285	3	e.a	e.a	PROPN
gujaf-17	285	4	.	.	PROPN
gujaf-17	285	5	(	(	PUNCT
gujaf-17	285	6	2011	2011	NUM
gujaf-17	285	7	)	)	PUNCT
gujaf-17	285	8	.	.	PUNCT
gujaf-17	286	1	executive	executive	PROPN
gujaf-17	286	2	compensation	compensation	NOUN
gujaf-17	286	3	and	and	CCONJ
gujaf-17	286	4	firm	firm	ADJ
gujaf-17	286	5	performance	performance	NOUN
gujaf-17	286	6	:	:	PUNCT
gujaf-17	286	7	analysis	analysis	NOUN
gujaf-17	286	8	of	of	ADP
gujaf-17	286	9	dutch	dutch	ADJ
gujaf-17	286	10	listed	list	VERB
gujaf-17	286	11	firms	firm	NOUN
gujaf-17	286	12	.	.	PUNCT
gujaf-17	287	1	amsterdam	amsterdam	PROPN
gujaf-17	287	2	business	business	PROPN
gujaf-17	287	3	school	school	PROPN
gujaf-17	287	4	,	,	PUNCT
gujaf-17	287	5	accountancy	accountancy	NOUN
gujaf-17	287	6	and	and	CCONJ
gujaf-17	287	7	control	control	NOUN
gujaf-17	287	8	.	.	PUNCT
gujaf-17	288	1	grabke	grabke	NOUN
gujaf-17	288	2	-	-	PUNCT
gujaf-17	288	3	rundell	rundell	NOUN
gujaf-17	288	4	,	,	PUNCT
gujaf-17	288	5	a.	a.	NOUN
gujaf-17	288	6	,	,	PUNCT
gujaf-17	288	7	&	&	CCONJ
gujaf-17	288	8	gomez	gomez	PROPN
gujaf-17	288	9	-	-	PUNCT
gujaf-17	288	10	mejia	mejia	PROPN
gujaf-17	288	11	,	,	PUNCT
gujaf-17	288	12	l.	l.	PROPN
gujaf-17	288	13	r.	r.	PROPN
gujaf-17	288	14	(	(	PUNCT
gujaf-17	288	15	2002	2002	NUM
gujaf-17	288	16	)	)	PUNCT
gujaf-17	288	17	.	.	PUNCT
gujaf-17	289	1	power	power	NOUN
gujaf-17	289	2	as	as	ADP
gujaf-17	289	3	determinant	determinant	ADJ
gujaf-17	289	4	of	of	ADP
gujaf-17	289	5	executive	executive	ADJ
gujaf-17	289	6	compensation	compensation	NOUN
gujaf-17	289	7	,	,	PUNCT
gujaf-17	289	8	human	human	ADJ
gujaf-17	289	9	resource	resource	NOUN
gujaf-17	289	10	management	management	NOUN
gujaf-17	289	11	review	review	NOUN
gujaf-17	289	12	12	12	NUM
gujaf-17	289	13	,	,	PUNCT
gujaf-17	289	14	1	1	NUM
gujaf-17	289	15	,	,	PUNCT
gujaf-17	289	16	323	323	NUM
gujaf-17	289	17	.	.	PUNCT
gujaf-17	290	1	gregg	gregg	NOUN
gujaf-17	290	2	,	,	PUNCT
gujaf-17	290	3	p.	p.	PROPN
gujaf-17	290	4	,	,	PUNCT
gujaf-17	290	5	jewell	jewell	PROPN
gujaf-17	290	6	,	,	PUNCT
gujaf-17	290	7	s.	s.	PROPN
gujaf-17	290	8	,	,	PUNCT
gujaf-17	290	9	&	&	CCONJ
gujaf-17	290	10	tonks	tonks	PROPN
gujaf-17	290	11	,	,	PUNCT
gujaf-17	290	12	i.	i.	PROPN
gujaf-17	290	13	(	(	PUNCT
gujaf-17	290	14	2011	2011	NUM
gujaf-17	290	15	)	)	PUNCT
gujaf-17	290	16	.	.	PUNCT
gujaf-17	291	1	executive	executive	ADJ
gujaf-17	291	2	pay	pay	NOUN
gujaf-17	291	3	and	and	CCONJ
gujaf-17	291	4	performance	performance	NOUN
gujaf-17	291	5	:	:	PUNCT
gujaf-17	291	6	did	do	AUX
gujaf-17	291	7	bankers	banker	NOUN
gujaf-17	291	8	’	'	PUNCT
gujaf-17	291	9	bonuses	bonus	NOUN
gujaf-17	291	10	cause	cause	VERB
gujaf-17	291	11	the	the	DET
gujaf-17	291	12	crisis	crisis	NOUN
gujaf-17	291	13	?	?	PUNCT
gujaf-17	292	1	working	work	VERB
gujaf-17	292	2	paper	paper	NOUN
gujaf-17	292	3	,	,	PUNCT
gujaf-17	292	4	university	university	NOUN
gujaf-17	292	5	of	of	ADP
gujaf-17	292	6	bristol	bristol	PROPN
gujaf-17	292	7	,	,	PUNCT
gujaf-17	292	8	reading	reading	NOUN
gujaf-17	292	9	and	and	CCONJ
gujaf-17	292	10	bath	bath	NOUN
gujaf-17	292	11	.	.	PUNCT
gujaf-17	293	1	grivas	grivas	PROPN
gujaf-17	293	2	,	,	PUNCT
gujaf-17	293	3	g.	g.	PROPN
gujaf-17	293	4	(	(	PUNCT
gujaf-17	293	5	2013	2013	NUM
gujaf-17	293	6	)	)	PUNCT
gujaf-17	293	7	.	.	PUNCT
gujaf-17	294	1	ceo	ceo	NOUN
gujaf-17	294	2	compensation	compensation	NOUN
gujaf-17	294	3	and	and	CCONJ
gujaf-17	294	4	firm	firm	ADJ
gujaf-17	294	5	performance	performance	NOUN
gujaf-17	294	6	:	:	PUNCT
gujaf-17	294	7	an	an	DET
gujaf-17	294	8	empirical	empirical	ADJ
gujaf-17	294	9	study	study	NOUN
gujaf-17	294	10	for	for	ADP
gujaf-17	294	11	solvent	solvent	NOUN
gujaf-17	294	12	and	and	CCONJ
gujaf-17	294	13	financially	financially	ADV
gujaf-17	294	14	distressed	distressed	ADJ
gujaf-17	294	15	firms	firm	NOUN
gujaf-17	294	16	.	.	PUNCT
gujaf-17	295	1	an	an	DET
gujaf-17	295	2	unpublished	unpublished	ADJ
gujaf-17	295	3	master	master	NOUN
gujaf-17	295	4	thesis	thesis	NOUN
gujaf-17	295	5	,	,	PUNCT
gujaf-17	295	6	tilburg	tilburg	PROPN
gujaf-17	295	7	university	university	PROPN
gujaf-17	295	8	.	.	PUNCT
gujaf-17	296	1	hartzell	hartzell	PROPN
gujaf-17	296	2	,	,	PUNCT
gujaf-17	296	3	j.c	j.c	PROPN
gujaf-17	296	4	.	.	PROPN
gujaf-17	296	5	,	,	PUNCT
gujaf-17	296	6	&	&	CCONJ
gujaf-17	296	7	starks	starks	PROPN
gujaf-17	296	8	,	,	PUNCT
gujaf-17	296	9	l.	l.	PROPN
gujaf-17	296	10	(	(	PUNCT
gujaf-17	296	11	2002	2002	NUM
gujaf-17	296	12	)	)	PUNCT
gujaf-17	296	13	.	.	PUNCT
gujaf-17	297	1	institutional	institutional	ADJ
gujaf-17	297	2	investors	investor	NOUN
gujaf-17	297	3	and	and	CCONJ
gujaf-17	297	4	executive	executive	ADJ
gujaf-17	297	5	compensation	compensation	NOUN
gujaf-17	297	6	,	,	PUNCT
gujaf-17	297	7	journal	journal	NOUN
gujaf-17	297	8	of	of	ADP
gujaf-17	297	9	finance	finance	NOUN
gujaf-17	297	10	,	,	PUNCT
gujaf-17	297	11	58	58	NUM
gujaf-17	297	12	,	,	PUNCT
gujaf-17	297	13	2351	2351	NUM
gujaf-17	297	14	-	-	SYM
gujaf-17	297	15	2374	2374	NUM
gujaf-17	297	16	.	.	PUNCT
gujaf-17	298	1	hassan	hassan	PROPN
gujaf-17	298	2	,	,	PUNCT
gujaf-17	298	3	s.	s.	PROPN
gujaf-17	298	4	u.	u.	PROPN
gujaf-17	298	5	(	(	PUNCT
gujaf-17	298	6	2011	2011	NUM
gujaf-17	298	7	)	)	PUNCT
gujaf-17	298	8	.	.	PUNCT
gujaf-17	299	1	“	"	PUNCT
gujaf-17	299	2	corporate	corporate	ADJ
gujaf-17	299	3	governance	governance	NOUN
gujaf-17	299	4	and	and	CCONJ
gujaf-17	299	5	financial	financial	ADJ
gujaf-17	299	6	reporting	reporting	NOUN
gujaf-17	299	7	quality	quality	NOUN
gujaf-17	299	8	:	:	PUNCT
gujaf-17	299	9	a	a	DET
gujaf-17	299	10	case	case	NOUN
gujaf-17	299	11	study	study	NOUN
gujaf-17	299	12	of	of	ADP
gujaf-17	299	13	nigerian	nigerian	ADJ
gujaf-17	299	14	money	money	NOUN
gujaf-17	299	15	deposit	deposit	PROPN
gujaf-17	299	16	bank	bank	PROPN
gujaf-17	299	17	”	"	PUNCT
gujaf-17	299	18	,	,	PUNCT
gujaf-17	299	19	international	international	ADJ
gujaf-17	299	20	journal	journal	NOUN
gujaf-17	299	21	of	of	ADP
gujaf-17	299	22	research	research	NOUN
gujaf-17	299	23	in	in	ADP
gujaf-17	299	24	computer	computer	NOUN
gujaf-17	299	25	application	application	NOUN
gujaf-17	299	26	and	and	CCONJ
gujaf-17	299	27	management	management	NOUN
gujaf-17	299	28	,	,	PUNCT
gujaf-17	299	29	1(26	1(26	NUM
gujaf-17	299	30	)	)	PUNCT
gujaf-17	299	31	,	,	PUNCT
gujaf-17	299	32	12	12	NUM
gujaf-17	299	33	-	-	SYM
gujaf-17	299	34	19	19	NUM
gujaf-17	299	35	.	.	PUNCT
gujaf-17	299	36	http://www.iiste.org/	http://www.iiste.org/	PROPN
gujaf-17	299	37	gujaf	gujaf	NOUN
gujaf-17	299	38	:	:	PUNCT
gujaf-17	299	39	gusau	gusau	PROPN
gujaf-17	299	40	journal	journal	NOUN
gujaf-17	299	41	of	of	ADP
gujaf-17	299	42	accounting	accounting	NOUN
gujaf-17	299	43	and	and	CCONJ
gujaf-17	299	44	finance	finance	NOUN
gujaf-17	299	45	,	,	PUNCT
gujaf-17	299	46	vol	vol	NOUN
gujaf-17	299	47	.	.	PUNCT
gujaf-17	300	1	i	i	PRON
gujaf-17	300	2	,	,	PUNCT
gujaf-17	300	3	issue	issue	NOUN
gujaf-17	300	4	1	1	NUM
gujaf-17	300	5	,	,	PUNCT
gujaf-17	300	6	april	april	PROPN
gujaf-17	300	7	,	,	PUNCT
gujaf-17	300	8	2020	2020	NUM
gujaf-17	300	9	issn	issn	VERB
gujaf-17	300	10	2756	2756	NUM
gujaf-17	300	11	-	-	PUNCT
gujaf-17	300	12	665x	665x	PROPN
gujaf-17	300	13	22	22	NUM
gujaf-17	300	14	hojen	hojen	NOUN
gujaf-17	300	15	,	,	PUNCT
gujaf-17	300	16	v.m	v.m	PROPN
gujaf-17	300	17	.	.	PUNCT
gujaf-17	301	1	(	(	PUNCT
gujaf-17	301	2	2007	2007	NUM
gujaf-17	301	3	)	)	PUNCT
gujaf-17	301	4	.	.	PUNCT
gujaf-17	302	1	equity	equity	NOUN
gujaf-17	302	2	-	-	PUNCT
gujaf-17	302	3	based	base	VERB
gujaf-17	302	4	compensation	compensation	NOUN
gujaf-17	302	5	and	and	CCONJ
gujaf-17	302	6	firm	firm	ADJ
gujaf-17	302	7	performance	performance	NOUN
gujaf-17	302	8	.	.	PUNCT
gujaf-17	303	1	an	an	DET
gujaf-17	303	2	unpublished	unpublished	ADJ
gujaf-17	303	3	thesis	thesis	NOUN
gujaf-17	303	4	,	,	PUNCT
gujaf-17	303	5	aarhus	aarhus	PROPN
gujaf-17	303	6	school	school	NOUN
gujaf-17	303	7	of	of	ADP
gujaf-17	303	8	business	business	NOUN
gujaf-17	303	9	,	,	PUNCT
gujaf-17	303	10	aarhus	aarhus	PROPN
gujaf-17	303	11	university	university	PROPN
gujaf-17	303	12	.	.	PUNCT
gujaf-17	304	1	https://www.cornell.edu/search/	https://www.cornell.edu/search/	PROPN
gujaf-17	304	2	ibrahim	ibrahim	PROPN
gujaf-17	304	3	,	,	PUNCT
gujaf-17	304	4	h.	h.	PROPN
gujaf-17	304	5	(	(	PUNCT
gujaf-17	304	6	2011	2011	NUM
gujaf-17	304	7	)	)	PUNCT
gujaf-17	304	8	.	.	PUNCT
gujaf-17	305	1	effects	effect	NOUN
gujaf-17	305	2	of	of	ADP
gujaf-17	305	3	corporate	corporate	ADJ
gujaf-17	305	4	governance	governance	NOUN
gujaf-17	305	5	on	on	ADP
gujaf-17	305	6	capital	capital	NOUN
gujaf-17	305	7	structure	structure	NOUN
gujaf-17	305	8	of	of	ADP
gujaf-17	305	9	listed	list	VERB
gujaf-17	305	10	firms	firm	NOUN
gujaf-17	305	11	in	in	ADP
gujaf-17	305	12	nigeria	nigeria	PROPN
gujaf-17	305	13	.	.	PUNCT
gujaf-17	306	1	unpublished	unpublished	ADJ
gujaf-17	306	2	doctoral	doctoral	ADJ
gujaf-17	306	3	dissertation	dissertation	NOUN
gujaf-17	306	4	,	,	PUNCT
gujaf-17	306	5	ahmadu	ahmadu	PROPN
gujaf-17	306	6	bello	bello	PROPN
gujaf-17	306	7	university	university	PROPN
gujaf-17	306	8	,	,	PUNCT
gujaf-17	306	9	zaria	zaria	PROPN
gujaf-17	306	10	.	.	PUNCT
gujaf-17	307	1	jensen	jensen	PROPN
gujaf-17	307	2	,	,	PUNCT
gujaf-17	307	3	m.c	m.c	PROPN
gujaf-17	307	4	.	.	PROPN
gujaf-17	307	5	&	&	CCONJ
gujaf-17	307	6	murphy	murphy	PROPN
gujaf-17	307	7	,	,	PUNCT
gujaf-17	307	8	k.j	k.j	PROPN
gujaf-17	307	9	.	.	PROPN
gujaf-17	307	10	(	(	PUNCT
gujaf-17	307	11	1990	1990	NUM
gujaf-17	307	12	)	)	PUNCT
gujaf-17	307	13	.	.	PUNCT
gujaf-17	308	1	performance	performance	NOUN
gujaf-17	308	2	pay	pay	NOUN
gujaf-17	308	3	and	and	CCONJ
gujaf-17	308	4	top	top	ADJ
gujaf-17	308	5	-	-	PUNCT
gujaf-17	308	6	management	management	NOUN
gujaf-17	308	7	incentives	incentive	NOUN
gujaf-17	308	8	.	.	PUNCT
gujaf-17	309	1	journal	journal	NOUN
gujaf-17	309	2	of	of	ADP
gujaf-17	309	3	political	political	ADJ
gujaf-17	309	4	economy98(2	economy98(2	NOUN
gujaf-17	309	5	)	)	PUNCT
gujaf-17	309	6	,	,	PUNCT
gujaf-17	309	7	225	225	NUM
gujaf-17	309	8	-	-	SYM
gujaf-17	309	9	264	264	NUM
gujaf-17	309	10	.	.	PUNCT
gujaf-17	310	1	kato	kato	PROPN
gujaf-17	310	2	,	,	PUNCT
gujaf-17	310	3	t.	t.	PROPN
gujaf-17	310	4	,	,	PUNCT
gujaf-17	310	5	&	&	CCONJ
gujaf-17	310	6	kubo	kubo	PROPN
gujaf-17	310	7	,	,	PUNCT
gujaf-17	310	8	k.	k.	PROPN
gujaf-17	310	9	(	(	PUNCT
gujaf-17	310	10	2004	2004	NUM
gujaf-17	310	11	)	)	PUNCT
gujaf-17	310	12	.	.	PUNCT
gujaf-17	311	1	ceo	ceo	NOUN
gujaf-17	311	2	compensation	compensation	NOUN
gujaf-17	311	3	and	and	CCONJ
gujaf-17	311	4	firm	firm	ADJ
gujaf-17	311	5	performance	performance	NOUN
gujaf-17	311	6	in	in	ADP
gujaf-17	311	7	japan	japan	PROPN
gujaf-17	311	8	:	:	PUNCT
gujaf-17	311	9	evidence	evidence	NOUN
gujaf-17	311	10	from	from	ADP
gujaf-17	311	11	new	new	ADJ
gujaf-17	311	12	panel	panel	NOUN
gujaf-17	311	13	data	datum	NOUN
gujaf-17	311	14	on	on	ADP
gujaf-17	311	15	individual	individual	ADJ
gujaf-17	311	16	ceo	ceo	NOUN
gujaf-17	311	17	pay	pay	NOUN
gujaf-17	311	18	.	.	PUNCT
gujaf-17	312	1	journal	journal	NOUN
gujaf-17	312	2	of	of	ADP
gujaf-17	312	3	japanese	japanese	ADJ
gujaf-17	312	4	and	and	CCONJ
gujaf-17	312	5	international	international	ADJ
gujaf-17	312	6	economies	economy	NOUN
gujaf-17	312	7	20	20	NUM
gujaf-17	312	8	,	,	PUNCT
gujaf-17	312	9	1	1	NUM
gujaf-17	312	10	-	-	SYM
gujaf-17	312	11	19	19	NUM
gujaf-17	312	12	.	.	PUNCT
gujaf-17	313	1	kim	kim	PROPN
gujaf-17	313	2	,	,	PUNCT
gujaf-17	313	3	k.	k.	PROPN
gujaf-17	313	4	a.	a.	PROPN
gujaf-17	313	5	,	,	PUNCT
gujaf-17	313	6	&	&	CCONJ
gujaf-17	313	7	nofsinger	nofsinger	PROPN
gujaf-17	313	8	,	,	PUNCT
gujaf-17	313	9	j.	j.	PROPN
gujaf-17	313	10	r	r	PROPN
gujaf-17	313	11	(	(	PUNCT
gujaf-17	313	12	2007	2007	NUM
gujaf-17	313	13	)	)	PUNCT
gujaf-17	313	14	.	.	PUNCT
gujaf-17	314	1	corporate	corporate	ADJ
gujaf-17	314	2	governance	governance	NOUN
gujaf-17	314	3	.	.	PUNCT
gujaf-17	315	1	second	second	ADJ
gujaf-17	315	2	edition	edition	NOUN
gujaf-17	315	3	.	.	PUNCT
gujaf-17	316	1	newjersey	newjersey	PROPN
gujaf-17	316	2	:	:	PUNCT
gujaf-17	316	3	pearson	pearson	PROPN
gujaf-17	316	4	prentice	prentice	PROPN
gujaf-17	316	5	hall	hall	PROPN
gujaf-17	316	6	.	.	PUNCT
gujaf-17	317	1	komari	komari	PROPN
gujaf-17	317	2	,	,	PUNCT
gujaf-17	317	3	n.	n.	PROPN
gujaf-17	317	4	,	,	PUNCT
gujaf-17	317	5	&	&	CCONJ
gujaf-17	317	6	faisal	faisal	PROPN
gujaf-17	317	7	.	.	PUNCT
gujaf-17	318	1	(	(	PUNCT
gujaf-17	318	2	2007	2007	NUM
gujaf-17	318	3	)	)	PUNCT
gujaf-17	318	4	.	.	PUNCT
gujaf-17	319	1	“	"	PUNCT
gujaf-17	319	2	analisis	analisis	ADJ
gujaf-17	319	3	hubungan	hubungan	ADJ
gujaf-17	319	4	struktur	struktur	NOUN
gujaf-17	319	5	corporate	corporate	ADJ
gujaf-17	319	6	governance	governance	NOUN
gujaf-17	319	7	dan	dan	PROPN
gujaf-17	319	8	kompensasi	kompensasi	PROPN
gujaf-17	319	9	eksekutif	eksekutif	PROPN
gujaf-17	319	10	,	,	PUNCT
gujaf-17	319	11	”	"	PUNCT
gujaf-17	319	12	journal	journal	NOUN
gujaf-17	319	13	keuangan	keuangan	PROPN
gujaf-17	319	14	dan	dan	PROPN
gujaf-17	319	15	perbankan	perbankan	PROPN
gujaf-17	319	16	,	,	PUNCT
gujaf-17	319	17	2	2	NUM
gujaf-17	319	18	,	,	PUNCT
gujaf-17	319	19	213	213	NUM
gujaf-17	319	20	-	-	SYM
gujaf-17	319	21	224	224	NUM
gujaf-17	319	22	.	.	PUNCT
gujaf-17	320	1	kurawa	kurawa	PROPN
gujaf-17	320	2	,	,	PUNCT
gujaf-17	320	3	j.m	j.m	PROPN
gujaf-17	320	4	.	.	PROPN
gujaf-17	320	5	,	,	PUNCT
gujaf-17	320	6	&	&	CCONJ
gujaf-17	320	7	saidu	saidu	PROPN
gujaf-17	320	8	,	,	PUNCT
gujaf-17	320	9	s.k	s.k	PROPN
gujaf-17	320	10	.	.	PROPN
gujaf-17	320	11	(	(	PUNCT
gujaf-17	320	12	2014	2014	NUM
gujaf-17	320	13	)	)	PUNCT
gujaf-17	320	14	.	.	PUNCT
gujaf-17	321	1	executive	executive	PROPN
gujaf-17	321	2	compensation	compensation	PROPN
gujaf-17	321	3	and	and	CCONJ
gujaf-17	321	4	financial	financial	ADJ
gujaf-17	321	5	performance	performance	NOUN
gujaf-17	321	6	of	of	ADP
gujaf-17	321	7	listed	list	VERB
gujaf-17	321	8	banks	bank	NOUN
gujaf-17	321	9	in	in	ADP
gujaf-17	321	10	nigeria	nigeria	PROPN
gujaf-17	321	11	:	:	PUNCT
gujaf-17	321	12	an	an	DET
gujaf-17	321	13	empirical	empirical	ADJ
gujaf-17	321	14	analysis	analysis	NOUN
gujaf-17	321	15	.	.	PUNCT
gujaf-17	321	16	researchjournali	researchjournali	PROPN
gujaf-17	321	17	’s	’s	PART
gujaf-17	321	18	journal	journal	NOUN
gujaf-17	321	19	of	of	ADP
gujaf-17	321	20	accounting	accounting	PROPN
gujaf-17	321	21	2(3	2(3	NUM
gujaf-17	321	22	)	)	PUNCT
gujaf-17	321	23	.	.	PUNCT
gujaf-17	322	1	lewellen	lewellen	PROPN
gujaf-17	322	2	,	,	PUNCT
gujaf-17	322	3	w.	w.	PROPN
gujaf-17	322	4	,	,	PUNCT
gujaf-17	322	5	&	&	CCONJ
gujaf-17	322	6	huntsman	huntsman	PROPN
gujaf-17	322	7	,	,	PUNCT
gujaf-17	322	8	b.	b.	PROPN
gujaf-17	322	9	(	(	PUNCT
gujaf-17	322	10	1970	1970	NUM
gujaf-17	322	11	)	)	PUNCT
gujaf-17	322	12	.	.	PUNCT
gujaf-17	323	1	managerial	managerial	ADJ
gujaf-17	323	2	pay	pay	NOUN
gujaf-17	323	3	and	and	CCONJ
gujaf-17	323	4	corporate	corporate	ADJ
gujaf-17	323	5	performance	performance	NOUN
gujaf-17	323	6	.	.	PUNCT
gujaf-17	324	1	american	american	PROPN
gujaf-17	324	2	economic	economic	PROPN
gujaf-17	324	3	review	review	PROPN
gujaf-17	324	4	,	,	PUNCT
gujaf-17	324	5	60	60	NUM
gujaf-17	324	6	,	,	PUNCT
gujaf-17	324	7	710	710	NUM
gujaf-17	324	8	-	-	SYM
gujaf-17	324	9	720	720	NUM
gujaf-17	324	10	.	.	PUNCT
gujaf-17	325	1	muhammed	muhamme	VERB
gujaf-17	325	2	,	,	PUNCT
gujaf-17	325	3	a.n	a.n	PROPN
gujaf-17	325	4	.	.	PROPN
gujaf-17	326	1	(	(	PUNCT
gujaf-17	326	2	2015	2015	NUM
gujaf-17	326	3	)	)	PUNCT
gujaf-17	326	4	.	.	PUNCT
gujaf-17	327	1	ceo	ceo	NOUN
gujaf-17	327	2	compensation	compensation	NOUN
gujaf-17	327	3	in	in	ADP
gujaf-17	327	4	money	money	NOUN
gujaf-17	327	5	deposit	deposit	NOUN
gujaf-17	327	6	banks	bank	NOUN
gujaf-17	327	7	in	in	ADP
gujaf-17	327	8	nigeria	nigeria	PROPN
gujaf-17	327	9	:	:	PUNCT
gujaf-17	327	10	optimal	optimal	ADJ
gujaf-17	327	11	contracting	contracting	NOUN
gujaf-17	327	12	or	or	CCONJ
gujaf-17	327	13	managerial	managerial	ADJ
gujaf-17	327	14	power	power	NOUN
gujaf-17	327	15	?	?	PUNCT
gujaf-17	328	1	seminar	seminar	NOUN
gujaf-17	328	2	paper	paper	NOUN
gujaf-17	328	3	presented	present	VERB
gujaf-17	328	4	in	in	ADP
gujaf-17	328	5	the	the	DET
gujaf-17	328	6	department	department	NOUN
gujaf-17	328	7	of	of	ADP
gujaf-17	328	8	accounting	accounting	NOUN
gujaf-17	328	9	,	,	PUNCT
gujaf-17	328	10	ahmadu	ahmadu	PROPN
gujaf-17	328	11	bello	bello	PROPN
gujaf-17	328	12	university	university	PROPN
gujaf-17	328	13	zaria	zaria	PROPN
gujaf-17	328	14	.	.	PUNCT
gujaf-17	329	1	noe	noe	PROPN
gujaf-17	329	2	,	,	PUNCT
gujaf-17	329	3	t.h	t.h	PROPN
gujaf-17	329	4	.	.	PUNCT
gujaf-17	329	5	(	(	PUNCT
gujaf-17	329	6	2002	2002	NUM
gujaf-17	329	7	)	)	PUNCT
gujaf-17	329	8	.	.	PUNCT
gujaf-17	330	1	investor	investor	NOUN
gujaf-17	330	2	activism	activism	NOUN
gujaf-17	330	3	and	and	CCONJ
gujaf-17	330	4	financial	financial	ADJ
gujaf-17	330	5	market	market	NOUN
gujaf-17	330	6	structure	structure	NOUN
gujaf-17	330	7	;	;	PUNCT
gujaf-17	330	8	review	review	NOUN
gujaf-17	330	9	of	of	ADP
gujaf-17	330	10	financial	financial	ADJ
gujaf-17	330	11	studies	study	NOUN
gujaf-17	330	12	,	,	PUNCT
gujaf-17	330	13	15	15	NUM
gujaf-17	330	14	,	,	PUNCT
gujaf-17	330	15	289	289	NUM
gujaf-17	330	16	-	-	SYM
gujaf-17	330	17	319	319	NUM
gujaf-17	330	18	nulla	nulla	NOUN
gujaf-17	330	19	,	,	PUNCT
gujaf-17	330	20	y.m	y.m	PROPN
gujaf-17	330	21	.	.	PROPN
gujaf-17	330	22	,	,	PUNCT
gujaf-17	330	23	(	(	PUNCT
gujaf-17	330	24	2013	2013	NUM
gujaf-17	330	25	)	)	PUNCT
gujaf-17	330	26	.	.	PUNCT
gujaf-17	331	1	the	the	DET
gujaf-17	331	2	empirical	empirical	ADJ
gujaf-17	331	3	study	study	NOUN
gujaf-17	331	4	of	of	ADP
gujaf-17	331	5	the	the	DET
gujaf-17	331	6	relationship	relationship	NOUN
gujaf-17	331	7	between	between	ADP
gujaf-17	331	8	ceo	ceo	NOUN
gujaf-17	331	9	cash	cash	NOUN
gujaf-17	331	10	compensation	compensation	NOUN
gujaf-17	331	11	and	and	CCONJ
gujaf-17	331	12	ceo	ceo	NOUN
gujaf-17	331	13	power	power	NOUN
gujaf-17	331	14	in	in	ADP
gujaf-17	331	15	american	american	ADJ
gujaf-17	331	16	companies	company	NOUN
gujaf-17	331	17	,	,	PUNCT
gujaf-17	331	18	journal	journal	NOUN
gujaf-17	331	19	of	of	ADP
gujaf-17	331	20	marketing	marketing	NOUN
gujaf-17	331	21	management1(1	management1(1	NOUN
gujaf-17	331	22	)	)	PUNCT
gujaf-17	331	23	,	,	PUNCT
gujaf-17	331	24	01	01	NUM
gujaf-17	331	25	-	-	SYM
gujaf-17	331	26	12	12	NUM
gujaf-17	331	27	.	.	PUNCT
gujaf-17	332	1	ozkan	ozkan	PROPN
gujaf-17	332	2	,	,	PUNCT
gujaf-17	332	3	n.	n.	NOUN
gujaf-17	332	4	(	(	PUNCT
gujaf-17	332	5	2007	2007	NUM
gujaf-17	332	6	)	)	PUNCT
gujaf-17	332	7	.	.	PUNCT
gujaf-17	333	1	ceo	ceo	NOUN
gujaf-17	333	2	‘	'	PUNCT
gujaf-17	333	3	compensation	compensation	NOUN
gujaf-17	333	4	and	and	CCONJ
gujaf-17	333	5	firm	firm	ADJ
gujaf-17	333	6	performance	performance	NOUN
gujaf-17	333	7	:	:	PUNCT
gujaf-17	333	8	an	an	DET
gujaf-17	333	9	empirical	empirical	ADJ
gujaf-17	333	10	investigation	investigation	NOUN
gujaf-17	333	11	of	of	ADP
gujaf-17	333	12	uk	uk	PROPN
gujaf-17	333	13	panel	panel	PROPN
gujaf-17	333	14	data‟	data‟	PROPN
gujaf-17	333	15	journal	journal	PROPN
gujaf-17	333	16	of	of	ADP
gujaf-17	333	17	economic	economic	ADJ
gujaf-17	333	18	literature	literature	NOUN
gujaf-17	333	19	.	.	PUNCT
gujaf-17	334	1	ruge	ruge	NOUN
gujaf-17	334	2	-	-	PUNCT
gujaf-17	334	3	murcia	murcia	PROPN
gujaf-17	334	4	,	,	PUNCT
gujaf-17	334	5	f.	f.	PROPN
gujaf-17	334	6	(	(	PUNCT
gujaf-17	334	7	2005	2005	NUM
gujaf-17	334	8	)	)	PUNCT
gujaf-17	334	9	.	.	PUNCT
gujaf-17	335	1	firms	firm	NOUN
gujaf-17	335	2	performance	performance	NOUN
gujaf-17	335	3	and	and	CCONJ
gujaf-17	335	4	ceo	ceo	NOUN
gujaf-17	335	5	compensation	compensation	NOUN
gujaf-17	335	6	in	in	ADP
gujaf-17	335	7	canada	canada	PROPN
gujaf-17	335	8	.	.	PUNCT
gujaf-17	336	1	an	an	DET
gujaf-17	336	2	unpublished	unpublished	ADJ
gujaf-17	336	3	thesis	thesis	PROPN
gujaf-17	336	4	canada	canada	PROPN
gujaf-17	336	5	.	.	PUNCT
gujaf-17	336	6	seok	seok	PROPN
gujaf-17	336	7	,	,	PUNCT
gujaf-17	336	8	w.	w.	PROPN
gujaf-17	336	9	,	,	PUNCT
gujaf-17	336	10	lee	lee	PROPN
gujaf-17	336	11	,	,	PUNCT
gujaf-17	336	12	c.	c.	PROPN
gujaf-17	336	13	,	,	PUNCT
gujaf-17	336	14	&	&	CCONJ
gujaf-17	336	15	kang	kang	PROPN
gujaf-17	336	16	,	,	PUNCT
gujaf-17	336	17	h.g	h.g	PROPN
gujaf-17	336	18	.	.	PROPN
gujaf-17	336	19	(	(	PUNCT
gujaf-17	336	20	2012	2012	NUM
gujaf-17	336	21	)	)	PUNCT
gujaf-17	336	22	.	.	PUNCT
gujaf-17	337	1	how	how	SCONJ
gujaf-17	337	2	board	board	NOUN
gujaf-17	337	3	quality	quality	NOUN
gujaf-17	337	4	affects	affect	VERB
gujaf-17	337	5	ceo	ceo	NOUN
gujaf-17	337	6	and	and	CCONJ
gujaf-17	337	7	executive	executive	ADJ
gujaf-17	337	8	team	team	NOUN
gujaf-17	337	9	pay	pay	NOUN
gujaf-17	337	10	(	(	PUNCT
gujaf-17	337	11	http://ssrn.com/abstract=2078876	http://ssrn.com/abstract=2078876	NOUN
gujaf-17	337	12	)	)	PUNCT
gujaf-17	337	13	.	.	PUNCT
gujaf-17	338	1	sigler	sigler	PROPN
gujaf-17	338	2	,	,	PUNCT
gujaf-17	338	3	k.	k.	PROPN
gujaf-17	338	4	j.	j.	PROPN
gujaf-17	338	5	(	(	PUNCT
gujaf-17	338	6	2011	2011	NUM
gujaf-17	338	7	)	)	PUNCT
gujaf-17	338	8	.	.	PUNCT
gujaf-17	339	1	‘	'	PUNCT
gujaf-17	339	2	ceo	ceo	NOUN
gujaf-17	339	3	compensation	compensation	NOUN
gujaf-17	339	4	and	and	CCONJ
gujaf-17	339	5	company	company	NOUN
gujaf-17	339	6	performance	performance	NOUN
gujaf-17	339	7	’	'	PUNCT
gujaf-17	339	8	.	.	PUNCT
gujaf-17	340	1	business	business	NOUN
gujaf-17	340	2	and	and	CCONJ
gujaf-17	340	3	economics	economic	NOUN
gujaf-17	340	4	journal	journal	NOUN
gujaf-17	340	5	,	,	PUNCT
gujaf-17	340	6	31	31	NUM
gujaf-17	340	7	smith	smith	PROPN
gujaf-17	340	8	,	,	PUNCT
gujaf-17	340	9	g.s	g.s	PROPN
gujaf-17	340	10	.	.	PROPN
gujaf-17	340	11	,	,	PUNCT
gujaf-17	340	12	&	&	CCONJ
gujaf-17	340	13	swan	swan	PROPN
gujaf-17	340	14	,	,	PUNCT
gujaf-17	340	15	p.l	p.l	PROPN
gujaf-17	340	16	.	.	PROPN
gujaf-17	340	17	(	(	PUNCT
gujaf-17	340	18	2013	2013	NUM
gujaf-17	340	19	)	)	PUNCT
gujaf-17	340	20	.	.	PUNCT
gujaf-17	341	1	do	do	AUX
gujaf-17	341	2	concentrated	concentrate	VERB
gujaf-17	341	3	institutional	institutional	ADJ
gujaf-17	341	4	investors	investor	NOUN
gujaf-17	341	5	really	really	ADV
gujaf-17	341	6	reduce	reduce	VERB
gujaf-17	341	7	executive	executive	NOUN
gujaf-17	341	8	compensation	compensation	NOUN
gujaf-17	341	9	whilst	whilst	SCONJ
gujaf-17	341	10	raising	raise	VERB
gujaf-17	341	11	incentives	incentive	NOUN
gujaf-17	341	12	?	?	PUNCT
gujaf-17	342	1	gujaf	gujaf	NOUN
gujaf-17	342	2	:	:	PUNCT
gujaf-17	342	3	gusau	gusau	PROPN
gujaf-17	342	4	journal	journal	NOUN
gujaf-17	342	5	of	of	ADP
gujaf-17	342	6	accounting	accounting	NOUN
gujaf-17	342	7	and	and	CCONJ
gujaf-17	342	8	finance	finance	NOUN
gujaf-17	342	9	,	,	PUNCT
gujaf-17	342	10	vol	vol	NOUN
gujaf-17	342	11	.	.	PUNCT
gujaf-17	343	1	i	i	PRON
gujaf-17	343	2	,	,	PUNCT
gujaf-17	343	3	issue	issue	NOUN
gujaf-17	343	4	1	1	NUM
gujaf-17	343	5	,	,	PUNCT
gujaf-17	343	6	april	april	PROPN
gujaf-17	343	7	,	,	PUNCT
gujaf-17	343	8	2020	2020	NUM
gujaf-17	343	9	issn	issn	VERB
gujaf-17	343	10	2756	2756	NUM
gujaf-17	343	11	-	-	PUNCT
gujaf-17	343	12	665x	665x	PROPN
gujaf-17	343	13	23	23	NUM
gujaf-17	343	14	suherman	suherman	NOUN
gujaf-17	343	15	,	,	PUNCT
gujaf-17	343	16	rahmawati	rahmawati	PROPN
gujaf-17	343	17	,	,	PUNCT
gujaf-17	343	18	w.	w.	PROPN
gujaf-17	343	19	,	,	PUNCT
gujaf-17	343	20	&	&	CCONJ
gujaf-17	343	21	buchdadi	buchdadi	PROPN
gujaf-17	343	22	,	,	PUNCT
gujaf-17	343	23	a.d	a.d	PROPN
gujaf-17	343	24	.	.	PROPN
gujaf-17	343	25	(	(	PUNCT
gujaf-17	343	26	2011	2011	NUM
gujaf-17	343	27	)	)	PUNCT
gujaf-17	343	28	.	.	PUNCT
gujaf-17	344	1	firm	firm	ADJ
gujaf-17	344	2	performance	performance	NOUN
gujaf-17	344	3	,	,	PUNCT
gujaf-17	344	4	corporate	corporate	ADJ
gujaf-17	344	5	governance	governance	NOUN
gujaf-17	344	6	,	,	PUNCT
gujaf-17	344	7	and	and	CCONJ
gujaf-17	344	8	executive	executive	ADJ
gujaf-17	344	9	compensation	compensation	NOUN
gujaf-17	344	10	in	in	ADP
gujaf-17	344	11	financial	financial	ADJ
gujaf-17	344	12	firms	firm	NOUN
gujaf-17	344	13	:	:	PUNCT
gujaf-17	344	14	evidence	evidence	NOUN
gujaf-17	344	15	from	from	ADP
gujaf-17	344	16	indonesia	indonesia	PROPN
gujaf-17	344	17	.	.	PUNCT
gujaf-17	345	1	tariq	tariq	PROPN
gujaf-17	345	2	,	,	PUNCT
gujaf-17	345	3	u.	u.	PROPN
gujaf-17	345	4	(	(	PUNCT
gujaf-17	345	5	2010	2010	NUM
gujaf-17	345	6	)	)	PUNCT
gujaf-17	345	7	.	.	PUNCT
gujaf-17	346	1	ceo	ceo	NOUN
gujaf-17	346	2	compensation	compensation	NOUN
gujaf-17	346	3	:	:	PUNCT
gujaf-17	346	4	relationship	relationship	NOUN
gujaf-17	346	5	with	with	ADP
gujaf-17	346	6	performance	performance	NOUN
gujaf-17	346	7	and	and	CCONJ
gujaf-17	346	8	influence	influence	NOUN
gujaf-17	346	9	of	of	ADP
gujaf-17	346	10	board	board	NOUN
gujaf-17	346	11	of	of	ADP
gujaf-17	346	12	directors	director	NOUN
gujaf-17	346	13	.	.	PUNCT
gujaf-17	347	1	unpublished	unpublished	ADJ
gujaf-17	347	2	master	master	NOUN
gujaf-17	347	3	’s	’s	PART
gujaf-17	347	4	thesis	thesis	NOUN
gujaf-17	347	5	in	in	ADP
gujaf-17	347	6	business	business	NOUN
gujaf-17	347	7	administration	administration	NOUN
gujaf-17	347	8	.	.	PUNCT
gujaf-17	348	1	wallsten	wallsten	PROPN
gujaf-17	348	2	,	,	PUNCT
gujaf-17	348	3	s.j	s.j	PROPN
gujaf-17	348	4	.	.	PROPN
gujaf-17	349	1	(	(	PUNCT
gujaf-17	349	2	2000	2000	NUM
gujaf-17	349	3	)	)	PUNCT
gujaf-17	349	4	.	.	PUNCT
gujaf-17	350	1	executive	executive	PROPN
gujaf-17	350	2	compensation	compensation	NOUN
gujaf-17	350	3	and	and	CCONJ
gujaf-17	350	4	firm	firm	ADJ
gujaf-17	350	5	performance	performance	NOUN
gujaf-17	350	6	:	:	PUNCT
gujaf-17	350	7	big	big	ADJ
gujaf-17	350	8	carrot	carrot	NOUN
gujaf-17	350	9	,	,	PUNCT
gujaf-17	350	10	small	small	ADJ
gujaf-17	350	11	stick	stick	NOUN
gujaf-17	350	12	.	.	PUNCT
gujaf-17	351	1	standford	standford	PROPN
gujaf-17	351	2	institute	institute	PROPN
gujaf-17	351	3	for	for	ADP
gujaf-17	351	4	economic	economic	ADJ
gujaf-17	351	5	policy	policy	NOUN
gujaf-17	351	6	research	research	NOUN
gujaf-17	351	7	.	.	PUNCT