id	sid	tid	token	lemma	pos
gujaf-35	1	1	gusau	gusau	PROPN
gujaf-35	1	2	journal	journal	NOUN
gujaf-35	1	3	of	of	ADP
gujaf-35	1	4	accounting	accounting	NOUN
gujaf-35	1	5	and	and	CCONJ
gujaf-35	1	6	finance	finance	NOUN
gujaf-35	1	7	(	(	PUNCT
gujaf-35	1	8	gujaf	gujaf	NOUN
gujaf-35	1	9	)	)	PUNCT
gujaf-35	1	10	vol	vol	NOUN
gujaf-35	1	11	.	.	NOUN
gujaf-35	1	12	1	1	NUM
gujaf-35	1	13	issue	issue	NOUN
gujaf-35	1	14	2	2	NUM
gujaf-35	1	15	,	,	PUNCT
gujaf-35	1	16	october	october	PROPN
gujaf-35	1	17	,	,	PUNCT
gujaf-35	1	18	2020	2020	NUM
gujaf-35	1	19	issn	issn	VERB
gujaf-35	1	20	:	:	PUNCT
gujaf-35	1	21	2756	2756	NUM
gujaf-35	1	22	-	-	PUNCT
gujaf-35	1	23	665x	665x	NOUN
gujaf-35	1	24	a	a	DET
gujaf-35	1	25	publication	publication	NOUN
gujaf-35	1	26	of	of	ADP
gujaf-35	1	27	department	department	NOUN
gujaf-35	1	28	of	of	ADP
gujaf-35	1	29	accounting	accounting	NOUN
gujaf-35	1	30	and	and	CCONJ
gujaf-35	1	31	finance	finance	NOUN
gujaf-35	1	32	,	,	PUNCT
gujaf-35	1	33	faculty	faculty	NOUN
gujaf-35	1	34	of	of	ADP
gujaf-35	1	35	management	management	NOUN
gujaf-35	1	36	and	and	CCONJ
gujaf-35	1	37	social	social	ADJ
gujaf-35	1	38	sciences	science	NOUN
gujaf-35	1	39	,	,	PUNCT
gujaf-35	1	40	federal	federal	ADJ
gujaf-35	1	41	university	university	NOUN
gujaf-35	1	42	gusau	gusau	NOUN
gujaf-35	1	43	,	,	PUNCT
gujaf-35	1	44	zamfara	zamfara	PROPN
gujaf-35	1	45	state	state	PROPN
gujaf-35	1	46	–	–	PUNCT
gujaf-35	1	47	nigeria	nigeria	PROPN
gujaf-35	1	48	gusau	gusau	PROPN
gujaf-35	1	49	journal	journal	PROPN
gujaf-35	1	50	of	of	ADP
gujaf-35	1	51	accounting	accounting	NOUN
gujaf-35	1	52	and	and	CCONJ
gujaf-35	1	53	finance	finance	NOUN
gujaf-35	1	54	,	,	PUNCT
gujaf-35	1	55	vol	vol	NOUN
gujaf-35	1	56	.	.	PUNCT
gujaf-35	2	1	i	i	PRON
gujaf-35	2	2	,	,	PUNCT
gujaf-35	2	3	issue	issue	NOUN
gujaf-35	2	4	2	2	NUM
gujaf-35	2	5	,	,	PUNCT
gujaf-35	2	6	october	october	PROPN
gujaf-35	2	7	,	,	PUNCT
gujaf-35	2	8	2020	2020	NUM
gujaf-35	2	9	1	1	NUM
gujaf-35	2	10	effect	effect	NOUN
gujaf-35	2	11	of	of	ADP
gujaf-35	2	12	firm	firm	ADJ
gujaf-35	2	13	dynamism	dynamism	NOUN
gujaf-35	2	14	and	and	CCONJ
gujaf-35	2	15	firm	firm	ADJ
gujaf-35	2	16	characteristics	characteristic	NOUN
gujaf-35	2	17	on	on	ADP
gujaf-35	2	18	cash	cash	NOUN
gujaf-35	2	19	holding	holding	NOUN
gujaf-35	2	20	of	of	ADP
gujaf-35	2	21	listed	list	VERB
gujaf-35	2	22	manufacturing	manufacturing	NOUN
gujaf-35	2	23	firms	firm	NOUN
gujaf-35	2	24	in	in	ADP
gujaf-35	2	25	nigeria	nigeria	PROPN
gujaf-35	2	26	ibrahim	ibrahim	PROPN
gujaf-35	2	27	lawal	lawal	PROPN
gujaf-35	2	28	bursary	bursary	PROPN
gujaf-35	2	29	department	department	PROPN
gujaf-35	2	30	,	,	PUNCT
gujaf-35	2	31	federal	federal	ADJ
gujaf-35	2	32	university	university	NOUN
gujaf-35	2	33	gusau	gusau	PROPN
gujaf-35	2	34	,	,	PUNCT
gujaf-35	2	35	zamfara	zamfara	PROPN
gujaf-35	2	36	state	state	PROPN
gujaf-35	2	37	,	,	PUNCT
gujaf-35	2	38	nigeria	nigeria	PROPN
gujaf-35	2	39	.	.	PUNCT
gujaf-35	2	40	lawal6492@yahoo.com	lawal6492@yahoo.com	X
gujaf-35	3	1	+2348038485745	+2348038485745	PROPN
gujaf-35	3	2	umar	umar	PROPN
gujaf-35	3	3	farouk	farouk	PROPN
gujaf-35	3	4	abdulkarim	abdulkarim	PROPN
gujaf-35	3	5	department	department	PROPN
gujaf-35	3	6	of	of	ADP
gujaf-35	3	7	accounting	accounting	NOUN
gujaf-35	3	8	and	and	CCONJ
gujaf-35	3	9	finance	finance	NOUN
gujaf-35	3	10	,	,	PUNCT
gujaf-35	3	11	federal	federal	ADJ
gujaf-35	3	12	university	university	NOUN
gujaf-35	3	13	gusau	gusau	PROPN
gujaf-35	3	14	,	,	PUNCT
gujaf-35	3	15	zamfara	zamfara	PROPN
gujaf-35	3	16	state	state	PROPN
gujaf-35	3	17	,	,	PUNCT
gujaf-35	3	18	nigeria	nigeria	PROPN
gujaf-35	3	19	.	.	PUNCT
gujaf-35	4	1	elfarouk105@gmail.com	elfarouk105@gmail.com	X
gujaf-35	5	1	+2348069393824	+2348069393824	DET
gujaf-35	5	2	sanni	sanni	PROPN
gujaf-35	5	3	olawale	olawale	PROPN
gujaf-35	5	4	nurudeen	nurudeen	PROPN
gujaf-35	5	5	accounting	accounting	NOUN
gujaf-35	5	6	department	department	PROPN
gujaf-35	5	7	,	,	PUNCT
gujaf-35	5	8	abu	abu	PROPN
gujaf-35	5	9	business	business	PROPN
gujaf-35	5	10	school	school	PROPN
gujaf-35	5	11	zaria	zaria	PROPN
gujaf-35	5	12	,	,	PUNCT
gujaf-35	5	13	kaduna	kaduna	PROPN
gujaf-35	5	14	state	state	PROPN
gujaf-35	5	15	walebunmi714@gmail.com	walebunmi714@gmail.com	X
gujaf-35	5	16	abstract	abstract	ADJ
gujaf-35	5	17	cash	cash	NOUN
gujaf-35	5	18	holding	hold	VERB
gujaf-35	5	19	decision	decision	NOUN
gujaf-35	5	20	is	be	AUX
gujaf-35	5	21	one	one	NUM
gujaf-35	5	22	of	of	ADP
gujaf-35	5	23	the	the	DET
gujaf-35	5	24	most	most	ADV
gujaf-35	5	25	significant	significant	ADJ
gujaf-35	5	26	decisions	decision	NOUN
gujaf-35	5	27	taken	take	VERB
gujaf-35	5	28	by	by	ADP
gujaf-35	5	29	the	the	DET
gujaf-35	5	30	financial	financial	ADJ
gujaf-35	5	31	managers	manager	NOUN
gujaf-35	5	32	of	of	ADP
gujaf-35	5	33	any	any	DET
gujaf-35	5	34	manufacturing	manufacturing	NOUN
gujaf-35	5	35	firms	firm	NOUN
gujaf-35	5	36	.	.	PUNCT
gujaf-35	6	1	the	the	DET
gujaf-35	6	2	decision	decision	NOUN
gujaf-35	6	3	not	not	PART
gujaf-35	6	4	only	only	ADV
gujaf-35	6	5	depends	depend	VERB
gujaf-35	6	6	upon	upon	SCONJ
gujaf-35	6	7	the	the	DET
gujaf-35	6	8	theoretical	theoretical	ADJ
gujaf-35	6	9	view	view	NOUN
gujaf-35	6	10	but	but	CCONJ
gujaf-35	6	11	also	also	ADV
gujaf-35	6	12	the	the	DET
gujaf-35	6	13	firm	firm	ADJ
gujaf-35	6	14	–	–	PUNCT
gujaf-35	6	15	specific	specific	ADJ
gujaf-35	6	16	variables	variable	NOUN
gujaf-35	6	17	and	and	CCONJ
gujaf-35	6	18	firm	firm	ADJ
gujaf-35	6	19	dynamism	dynamism	NOUN
gujaf-35	6	20	variables	variable	NOUN
gujaf-35	6	21	of	of	ADP
gujaf-35	6	22	the	the	DET
gujaf-35	6	23	economy	economy	NOUN
gujaf-35	6	24	.	.	PUNCT
gujaf-35	7	1	this	this	DET
gujaf-35	7	2	paper	paper	NOUN
gujaf-35	7	3	aims	aim	VERB
gujaf-35	7	4	at	at	ADP
gujaf-35	7	5	shedding	shed	VERB
gujaf-35	7	6	light	light	NOUN
gujaf-35	7	7	on	on	ADP
gujaf-35	7	8	the	the	DET
gujaf-35	7	9	empirical	empirical	ADJ
gujaf-35	7	10	effect	effect	NOUN
gujaf-35	7	11	of	of	ADP
gujaf-35	7	12	firm	firm	ADJ
gujaf-35	7	13	dynamism	dynamism	NOUN
gujaf-35	7	14	and	and	CCONJ
gujaf-35	7	15	firm	firm	ADJ
gujaf-35	7	16	characteristics	characteristic	NOUN
gujaf-35	7	17	on	on	ADP
gujaf-35	7	18	corporate	corporate	ADJ
gujaf-35	7	19	cash	cash	NOUN
gujaf-35	7	20	holding	holding	NOUN
gujaf-35	7	21	.	.	PUNCT
gujaf-35	8	1	the	the	DET
gujaf-35	8	2	population	population	NOUN
gujaf-35	8	3	of	of	ADP
gujaf-35	8	4	the	the	DET
gujaf-35	8	5	consist	consist	NOUN
gujaf-35	8	6	of	of	ADP
gujaf-35	8	7	51	51	NUM
gujaf-35	8	8	manufacturing	manufacturing	NOUN
gujaf-35	8	9	firms	firm	NOUN
gujaf-35	8	10	listed	list	VERB
gujaf-35	8	11	on	on	ADP
gujaf-35	8	12	the	the	DET
gujaf-35	8	13	nigeria	nigeria	PROPN
gujaf-35	8	14	stock	stock	PROPN
gujaf-35	8	15	exchange	exchange	PROPN
gujaf-35	8	16	,	,	PUNCT
gujaf-35	8	17	while	while	SCONJ
gujaf-35	8	18	the	the	DET
gujaf-35	8	19	adjusted	adjust	VERB
gujaf-35	8	20	population	population	NOUN
gujaf-35	8	21	of	of	ADP
gujaf-35	8	22	35	35	NUM
gujaf-35	8	23	firms	firm	NOUN
gujaf-35	8	24	was	be	AUX
gujaf-35	8	25	arrived	arrive	VERB
gujaf-35	8	26	based	base	VERB
gujaf-35	8	27	on	on	ADP
gujaf-35	8	28	availability	availability	NOUN
gujaf-35	8	29	of	of	ADP
gujaf-35	8	30	data	datum	NOUN
gujaf-35	8	31	.	.	PUNCT
gujaf-35	9	1	correlational	correlational	ADJ
gujaf-35	9	2	research	research	NOUN
gujaf-35	9	3	design	design	NOUN
gujaf-35	9	4	was	be	AUX
gujaf-35	9	5	adopted	adopt	VERB
gujaf-35	9	6	.	.	PUNCT
gujaf-35	10	1	the	the	DET
gujaf-35	10	2	study	study	NOUN
gujaf-35	10	3	was	be	AUX
gujaf-35	10	4	anchored	anchor	VERB
gujaf-35	10	5	on	on	ADP
gujaf-35	10	6	pecking	pecking	NOUN
gujaf-35	10	7	order	order	NOUN
gujaf-35	10	8	and	and	CCONJ
gujaf-35	10	9	resource	resource	NOUN
gujaf-35	10	10	dependence	dependence	NOUN
gujaf-35	10	11	theory	theory	NOUN
gujaf-35	10	12	.	.	PUNCT
gujaf-35	11	1	multiple	multiple	ADJ
gujaf-35	11	2	regression	regression	NOUN
gujaf-35	11	3	was	be	AUX
gujaf-35	11	4	employed	employ	VERB
gujaf-35	11	5	to	to	PART
gujaf-35	11	6	analyse	analyse	VERB
gujaf-35	11	7	data	datum	NOUN
gujaf-35	11	8	extracted	extract	VERB
gujaf-35	11	9	from	from	ADP
gujaf-35	11	10	annual	annual	ADJ
gujaf-35	11	11	report	report	NOUN
gujaf-35	11	12	of	of	ADP
gujaf-35	11	13	selected	select	VERB
gujaf-35	11	14	manufacturing	manufacturing	NOUN
gujaf-35	11	15	firms	firm	NOUN
gujaf-35	11	16	in	in	ADP
gujaf-35	11	17	nigeria	nigeria	PROPN
gujaf-35	11	18	from	from	ADP
gujaf-35	11	19	the	the	DET
gujaf-35	11	20	period	period	NOUN
gujaf-35	11	21	of	of	ADP
gujaf-35	11	22	2012	2012	NUM
gujaf-35	11	23	to	to	ADP
gujaf-35	11	24	2019	2019	NUM
gujaf-35	11	25	.	.	PUNCT
gujaf-35	12	1	the	the	DET
gujaf-35	12	2	result	result	NOUN
gujaf-35	12	3	of	of	ADP
gujaf-35	12	4	the	the	DET
gujaf-35	12	5	findings	finding	NOUN
gujaf-35	12	6	shows	show	VERB
gujaf-35	12	7	that	that	SCONJ
gujaf-35	12	8	investment	investment	NOUN
gujaf-35	12	9	opportunity	opportunity	NOUN
gujaf-35	12	10	has	have	VERB
gujaf-35	12	11	positive	positive	ADJ
gujaf-35	12	12	and	and	CCONJ
gujaf-35	12	13	significant	significant	ADJ
gujaf-35	12	14	relationship	relationship	NOUN
gujaf-35	12	15	with	with	ADP
gujaf-35	12	16	corporate	corporate	ADJ
gujaf-35	12	17	cash	cash	NOUN
gujaf-35	12	18	holding	holding	NOUN
gujaf-35	12	19	.	.	PUNCT
gujaf-35	13	1	however	however	ADV
gujaf-35	13	2	,	,	PUNCT
gujaf-35	13	3	negative	negative	ADJ
gujaf-35	13	4	and	and	CCONJ
gujaf-35	13	5	significant	significant	ADJ
gujaf-35	13	6	relationship	relationship	NOUN
gujaf-35	13	7	was	be	AUX
gujaf-35	13	8	found	find	VERB
gujaf-35	13	9	between	between	ADP
gujaf-35	13	10	female	female	ADJ
gujaf-35	13	11	leadership	leadership	NOUN
gujaf-35	13	12	,	,	PUNCT
gujaf-35	13	13	leverage	leverage	NOUN
gujaf-35	13	14	and	and	CCONJ
gujaf-35	13	15	corporate	corporate	ADJ
gujaf-35	13	16	cash	cash	NOUN
gujaf-35	13	17	holding	holding	NOUN
gujaf-35	13	18	.	.	PUNCT
gujaf-35	14	1	in	in	ADP
gujaf-35	14	2	line	line	NOUN
gujaf-35	14	3	with	with	ADP
gujaf-35	14	4	the	the	DET
gujaf-35	14	5	findings	finding	NOUN
gujaf-35	14	6	,	,	PUNCT
gujaf-35	14	7	the	the	DET
gujaf-35	14	8	study	study	NOUN
gujaf-35	14	9	therefore	therefore	ADV
gujaf-35	14	10	recommends	recommend	VERB
gujaf-35	14	11	that	that	SCONJ
gujaf-35	14	12	,	,	PUNCT
gujaf-35	14	13	to	to	PART
gujaf-35	14	14	enhance	enhance	VERB
gujaf-35	14	15	the	the	DET
gujaf-35	14	16	effectiveness	effectiveness	NOUN
gujaf-35	14	17	of	of	ADP
gujaf-35	14	18	boards	board	NOUN
gujaf-35	14	19	and	and	CCONJ
gujaf-35	14	20	the	the	DET
gujaf-35	14	21	efficient	efficient	ADJ
gujaf-35	14	22	use	use	NOUN
gujaf-35	14	23	of	of	ADP
gujaf-35	14	24	cash	cash	NOUN
gujaf-35	14	25	,	,	PUNCT
gujaf-35	14	26	firms	firm	NOUN
gujaf-35	14	27	with	with	ADP
gujaf-35	14	28	fewer	few	ADJ
gujaf-35	14	29	women	woman	NOUN
gujaf-35	14	30	on	on	ADP
gujaf-35	14	31	their	their	PRON
gujaf-35	14	32	corporate	corporate	ADJ
gujaf-35	14	33	boards	board	NOUN
gujaf-35	14	34	now	now	ADV
gujaf-35	14	35	should	should	AUX
gujaf-35	14	36	look	look	VERB
gujaf-35	14	37	to	to	PART
gujaf-35	14	38	add	add	VERB
gujaf-35	14	39	more	more	ADJ
gujaf-35	14	40	female	female	ADJ
gujaf-35	14	41	directors	director	NOUN
gujaf-35	14	42	to	to	ADP
gujaf-35	14	43	their	their	PRON
gujaf-35	14	44	boards	board	NOUN
gujaf-35	14	45	.	.	PUNCT
gujaf-35	15	1	managers	manager	NOUN
gujaf-35	15	2	should	should	AUX
gujaf-35	15	3	also	also	ADV
gujaf-35	15	4	rationally	rationally	ADV
gujaf-35	15	5	presume	presume	VERB
gujaf-35	15	6	that	that	SCONJ
gujaf-35	15	7	a	a	DET
gujaf-35	15	8	firm	firm	NOUN
gujaf-35	15	9	with	with	ADP
gujaf-35	15	10	high	high	ADJ
gujaf-35	15	11	quick	quick	ADJ
gujaf-35	15	12	asset	asset	NOUN
gujaf-35	15	13	replacements	replacement	NOUN
gujaf-35	15	14	,	,	PUNCT
gujaf-35	15	15	high	high	ADJ
gujaf-35	15	16	debt	debt	NOUN
gujaf-35	15	17	,	,	PUNCT
gujaf-35	15	18	and	and	CCONJ
gujaf-35	15	19	equity	equity	NOUN
gujaf-35	15	20	expense	expense	NOUN
gujaf-35	15	21	should	should	AUX
gujaf-35	15	22	maintain	maintain	VERB
gujaf-35	15	23	lower	low	ADJ
gujaf-35	15	24	cash	cash	NOUN
gujaf-35	15	25	holdings	holding	NOUN
gujaf-35	15	26	.	.	PUNCT
gujaf-35	16	1	if	if	SCONJ
gujaf-35	16	2	for	for	ADP
gujaf-35	16	3	the	the	DET
gujaf-35	16	4	unusual	unusual	ADJ
gujaf-35	16	5	object	object	NOUN
gujaf-35	16	6	,	,	PUNCT
gujaf-35	16	7	a	a	DET
gujaf-35	16	8	firm	firm	NOUN
gujaf-35	16	9	with	with	ADP
gujaf-35	16	10	high	high	ADJ
gujaf-35	16	11	quick	quick	ADJ
gujaf-35	16	12	asset	asset	NOUN
gujaf-35	16	13	delegates	delegate	NOUN
gujaf-35	16	14	,	,	PUNCT
gujaf-35	16	15	high	high	ADJ
gujaf-35	16	16	debt	debt	NOUN
gujaf-35	16	17	,	,	PUNCT
gujaf-35	16	18	and	and	CCONJ
gujaf-35	16	19	equity	equity	NOUN
gujaf-35	16	20	expense	expense	NOUN
gujaf-35	16	21	has	have	VERB
gujaf-35	16	22	high	high	ADJ
gujaf-35	16	23	cash	cash	NOUN
gujaf-35	16	24	holdings	holding	NOUN
gujaf-35	16	25	,	,	PUNCT
gujaf-35	16	26	this	this	DET
gujaf-35	16	27	force	force	NOUN
gujaf-35	16	28	is	be	AUX
gujaf-35	16	29	a	a	DET
gujaf-35	16	30	flag	flag	NOUN
gujaf-35	16	31	of	of	ADP
gujaf-35	16	32	a	a	DET
gujaf-35	16	33	potential	potential	ADJ
gujaf-35	16	34	agency	agency	NOUN
gujaf-35	16	35	conflict	conflict	NOUN
gujaf-35	16	36	.	.	PUNCT
gujaf-35	17	1	managers	manager	NOUN
gujaf-35	17	2	should	should	AUX
gujaf-35	17	3	avoid	avoid	VERB
gujaf-35	17	4	holding	hold	VERB
gujaf-35	17	5	excessive	excessive	ADJ
gujaf-35	17	6	cash	cash	NOUN
gujaf-35	17	7	reserves	reserve	NOUN
gujaf-35	17	8	as	as	SCONJ
gujaf-35	17	9	this	this	PRON
gujaf-35	17	10	might	might	AUX
gujaf-35	17	11	attract	attract	VERB
gujaf-35	17	12	scrutiny	scrutiny	NOUN
gujaf-35	17	13	from	from	ADP
gujaf-35	17	14	the	the	DET
gujaf-35	17	15	capital	capital	NOUN
gujaf-35	17	16	markets	market	NOUN
gujaf-35	17	17	.	.	PUNCT
gujaf-35	18	1	keywords	keyword	NOUN
gujaf-35	18	2	:	:	PUNCT
gujaf-35	18	3	cash	cash	NOUN
gujaf-35	18	4	holding	holding	NOUN
gujaf-35	18	5	,	,	PUNCT
gujaf-35	18	6	agency	agency	NOUN
gujaf-35	18	7	problem	problem	NOUN
gujaf-35	18	8	,	,	PUNCT
gujaf-35	18	9	firm	firm	ADJ
gujaf-35	18	10	dynamism	dynamism	NOUN
gujaf-35	18	11	and	and	CCONJ
gujaf-35	18	12	nigeria	nigeria	PROPN
gujaf-35	18	13	mailto:lawal6492@yahoo.com	mailto:lawal6492@yahoo.com	PROPN
gujaf-35	18	14	mailto:elfarouk105@gmail.com	mailto:elfarouk105@gmail.com	PROPN
gujaf-35	18	15	mailto:walebunmi714@gmail.com	mailto:walebunmi714@gmail.com	X
gujaf-35	18	16	gusau	gusau	ADJ
gujaf-35	18	17	journal	journal	NOUN
gujaf-35	18	18	of	of	ADP
gujaf-35	18	19	accounting	accounting	NOUN
gujaf-35	18	20	and	and	CCONJ
gujaf-35	18	21	finance	finance	NOUN
gujaf-35	18	22	,	,	PUNCT
gujaf-35	18	23	vol	vol	NOUN
gujaf-35	18	24	.	.	PUNCT
gujaf-35	19	1	i	i	PRON
gujaf-35	19	2	,	,	PUNCT
gujaf-35	19	3	issue	issue	NOUN
gujaf-35	19	4	2	2	NUM
gujaf-35	19	5	,	,	PUNCT
gujaf-35	19	6	october	october	PROPN
gujaf-35	19	7	,	,	PUNCT
gujaf-35	19	8	2020	2020	NUM
gujaf-35	19	9	2	2	NUM
gujaf-35	19	10	1	1	NUM
gujaf-35	19	11	.	.	PUNCT
gujaf-35	19	12	introduction	introduction	NOUN
gujaf-35	19	13	the	the	DET
gujaf-35	19	14	manufacturing	manufacturing	NOUN
gujaf-35	19	15	sector	sector	NOUN
gujaf-35	19	16	is	be	AUX
gujaf-35	19	17	considered	consider	VERB
gujaf-35	19	18	one	one	NUM
gujaf-35	19	19	of	of	ADP
gujaf-35	19	20	the	the	DET
gujaf-35	19	21	fundamental	fundamental	ADJ
gujaf-35	19	22	engines	engine	NOUN
gujaf-35	19	23	of	of	ADP
gujaf-35	19	24	the	the	DET
gujaf-35	19	25	modern	modern	ADJ
gujaf-35	19	26	economy	economy	NOUN
gujaf-35	19	27	.	.	PUNCT
gujaf-35	20	1	the	the	DET
gujaf-35	20	2	sector	sector	NOUN
gujaf-35	20	3	serves	serve	VERB
gujaf-35	20	4	as	as	ADP
gujaf-35	20	5	a	a	DET
gujaf-35	20	6	vehicle	vehicle	NOUN
gujaf-35	20	7	for	for	ADP
gujaf-35	20	8	the	the	DET
gujaf-35	20	9	production	production	NOUN
gujaf-35	20	10	of	of	ADP
gujaf-35	20	11	goods	good	NOUN
gujaf-35	20	12	,	,	PUNCT
gujaf-35	20	13	the	the	DET
gujaf-35	20	14	generation	generation	NOUN
gujaf-35	20	15	of	of	ADP
gujaf-35	20	16	employment	employment	NOUN
gujaf-35	20	17	and	and	CCONJ
gujaf-35	20	18	the	the	DET
gujaf-35	20	19	improvement	improvement	NOUN
gujaf-35	20	20	of	of	ADP
gujaf-35	20	21	income	income	NOUN
gujaf-35	20	22	.	.	PUNCT
gujaf-35	21	1	hence	hence	ADV
gujaf-35	21	2	,	,	PUNCT
gujaf-35	21	3	it	it	PRON
gujaf-35	21	4	is	be	AUX
gujaf-35	21	5	described	describe	VERB
gujaf-35	21	6	as	as	ADP
gujaf-35	21	7	the	the	DET
gujaf-35	21	8	heart	heart	NOUN
gujaf-35	21	9	of	of	ADP
gujaf-35	21	10	the	the	DET
gujaf-35	21	11	economy	economy	NOUN
gujaf-35	21	12	(	(	PUNCT
gujaf-35	21	13	eze	eze	PROPN
gujaf-35	21	14	&	&	CCONJ
gujaf-35	21	15	ogiji	ogiji	PROPN
gujaf-35	21	16	,	,	PUNCT
gujaf-35	21	17	2013	2013	NUM
gujaf-35	21	18	)	)	PUNCT
gujaf-35	21	19	.	.	PUNCT
gujaf-35	22	1	in	in	ADP
gujaf-35	22	2	developed	develop	VERB
gujaf-35	22	3	economies	economy	NOUN
gujaf-35	22	4	,	,	PUNCT
gujaf-35	22	5	the	the	DET
gujaf-35	22	6	manufacturing	manufacturing	NOUN
gujaf-35	22	7	sector	sector	NOUN
gujaf-35	22	8	contributes	contribute	VERB
gujaf-35	22	9	a	a	DET
gujaf-35	22	10	significant	significant	ADJ
gujaf-35	22	11	part	part	NOUN
gujaf-35	22	12	to	to	ADP
gujaf-35	22	13	economic	economic	ADJ
gujaf-35	22	14	growth	growth	NOUN
gujaf-35	22	15	.	.	PUNCT
gujaf-35	23	1	for	for	ADP
gujaf-35	23	2	example	example	NOUN
gujaf-35	23	3	,	,	PUNCT
gujaf-35	23	4	in	in	ADP
gujaf-35	23	5	the	the	DET
gujaf-35	23	6	us	us	PROPN
gujaf-35	23	7	,	,	PUNCT
gujaf-35	23	8	the	the	DET
gujaf-35	23	9	manufacturing	manufacturing	NOUN
gujaf-35	23	10	sector	sector	NOUN
gujaf-35	23	11	contributed	contribute	VERB
gujaf-35	23	12	11.7	11.7	NUM
gujaf-35	23	13	%	%	NOUN
gujaf-35	23	14	to	to	ADP
gujaf-35	23	15	economic	economic	ADJ
gujaf-35	23	16	growth	growth	NOUN
gujaf-35	23	17	.	.	PUNCT
gujaf-35	24	1	in	in	ADP
gujaf-35	24	2	japan	japan	PROPN
gujaf-35	24	3	,	,	PUNCT
gujaf-35	24	4	the	the	DET
gujaf-35	24	5	manufacturing	manufacturing	NOUN
gujaf-35	24	6	sector	sector	NOUN
gujaf-35	24	7	contributed	contribute	VERB
gujaf-35	24	8	27.2	27.2	NUM
gujaf-35	24	9	%	%	NOUN
gujaf-35	24	10	to	to	ADP
gujaf-35	24	11	economic	economic	ADJ
gujaf-35	24	12	growth	growth	NOUN
gujaf-35	24	13	.	.	PUNCT
gujaf-35	25	1	in	in	ADP
gujaf-35	25	2	the	the	DET
gujaf-35	25	3	uk	uk	PROPN
gujaf-35	25	4	,	,	PUNCT
gujaf-35	25	5	the	the	DET
gujaf-35	25	6	manufacturing	manufacturing	NOUN
gujaf-35	25	7	sector	sector	NOUN
gujaf-35	25	8	contributed	contribute	VERB
gujaf-35	25	9	25	25	NUM
gujaf-35	25	10	%	%	NOUN
gujaf-35	25	11	to	to	ADP
gujaf-35	25	12	economic	economic	ADJ
gujaf-35	25	13	growth	growth	NOUN
gujaf-35	25	14	.	.	PUNCT
gujaf-35	26	1	in	in	ADP
gujaf-35	26	2	china	china	PROPN
gujaf-35	26	3	,	,	PUNCT
gujaf-35	26	4	the	the	DET
gujaf-35	26	5	manufacturing	manufacturing	NOUN
gujaf-35	26	6	sector	sector	NOUN
gujaf-35	26	7	contributed	contribute	VERB
gujaf-35	26	8	40	40	NUM
gujaf-35	26	9	%	%	NOUN
gujaf-35	26	10	to	to	ADP
gujaf-35	26	11	economic	economic	ADJ
gujaf-35	26	12	growth	growth	NOUN
gujaf-35	26	13	.	.	PUNCT
gujaf-35	27	1	in	in	ADP
gujaf-35	27	2	developing	develop	VERB
gujaf-35	27	3	countries	country	NOUN
gujaf-35	27	4	,	,	PUNCT
gujaf-35	27	5	specifically	specifically	ADV
gujaf-35	27	6	nigeria	nigeria	PROPN
gujaf-35	27	7	,	,	PUNCT
gujaf-35	27	8	the	the	DET
gujaf-35	27	9	manufacturing	manufacturing	NOUN
gujaf-35	27	10	sector	sector	NOUN
gujaf-35	27	11	contributed	contribute	VERB
gujaf-35	27	12	2.54	2.54	NUM
gujaf-35	27	13	%	%	NOUN
gujaf-35	27	14	to	to	ADP
gujaf-35	27	15	economic	economic	ADJ
gujaf-35	27	16	growth	growth	NOUN
gujaf-35	27	17	.	.	PUNCT
gujaf-35	28	1	this	this	DET
gujaf-35	28	2	percentage	percentage	NOUN
gujaf-35	28	3	is	be	AUX
gujaf-35	28	4	far	far	ADV
gujaf-35	28	5	below	below	ADP
gujaf-35	28	6	what	what	PRON
gujaf-35	28	7	is	be	AUX
gujaf-35	28	8	happening	happen	VERB
gujaf-35	28	9	in	in	ADP
gujaf-35	28	10	rich	rich	ADJ
gujaf-35	28	11	and	and	CCONJ
gujaf-35	28	12	industrialized	industrialize	VERB
gujaf-35	28	13	nations	nation	NOUN
gujaf-35	28	14	.	.	PUNCT
gujaf-35	29	1	the	the	DET
gujaf-35	29	2	manufacturing	manufacturing	NOUN
gujaf-35	29	3	sector	sector	NOUN
gujaf-35	29	4	has	have	AUX
gujaf-35	29	5	been	be	AUX
gujaf-35	29	6	relatively	relatively	ADV
gujaf-35	29	7	low	low	ADJ
gujaf-35	29	8	(	(	PUNCT
gujaf-35	29	9	cbn	cbn	PROPN
gujaf-35	29	10	annual	annual	ADJ
gujaf-35	29	11	report	report	NOUN
gujaf-35	29	12	,	,	PUNCT
gujaf-35	29	13	2010	2010	NUM
gujaf-35	29	14	)	)	PUNCT
gujaf-35	29	15	.	.	PUNCT
gujaf-35	30	1	to	to	PART
gujaf-35	30	2	learn	learn	VERB
gujaf-35	30	3	more	more	ADJ
gujaf-35	30	4	about	about	ADP
gujaf-35	30	5	these	these	DET
gujaf-35	30	6	challenges	challenge	NOUN
gujaf-35	30	7	,	,	PUNCT
gujaf-35	30	8	a	a	DET
gujaf-35	30	9	report	report	NOUN
gujaf-35	30	10	on	on	ADP
gujaf-35	30	11	the	the	DET
gujaf-35	30	12	nigerian	nigerian	ADJ
gujaf-35	30	13	manufacturing	manufacturing	NOUN
gujaf-35	30	14	sector	sector	NOUN
gujaf-35	30	15	from	from	ADP
gujaf-35	30	16	the	the	DET
gujaf-35	30	17	national	national	PROPN
gujaf-35	30	18	bureau	bureau	PROPN
gujaf-35	30	19	of	of	ADP
gujaf-35	30	20	statistics	statistic	NOUN
gujaf-35	30	21	(	(	PUNCT
gujaf-35	30	22	nbs	nbs	PROPN
gujaf-35	30	23	)	)	PUNCT
gujaf-35	30	24	in	in	ADP
gujaf-35	30	25	2014	2014	NUM
gujaf-35	30	26	put	put	VERB
gujaf-35	30	27	them	they	PRON
gujaf-35	30	28	as	as	SCONJ
gujaf-35	30	29	follows	follow	VERB
gujaf-35	30	30	:	:	PUNCT
gujaf-35	30	31	inadequate	inadequate	ADJ
gujaf-35	30	32	and	and	CCONJ
gujaf-35	30	33	epileptic	epileptic	ADJ
gujaf-35	30	34	supply	supply	NOUN
gujaf-35	30	35	variability	variability	NOUN
gujaf-35	30	36	of	of	ADP
gujaf-35	30	37	agricultural	agricultural	ADJ
gujaf-35	30	38	inputs	input	NOUN
gujaf-35	30	39	(	(	PUNCT
gujaf-35	30	40	nbs	nbs	NOUN
gujaf-35	30	41	,	,	PUNCT
gujaf-35	30	42	2014	2014	NUM
gujaf-35	30	43	)	)	PUNCT
gujaf-35	30	44	.	.	PUNCT
gujaf-35	31	1	the	the	DET
gujaf-35	31	2	report	report	NOUN
gujaf-35	31	3	also	also	ADV
gujaf-35	31	4	noted	note	VERB
gujaf-35	31	5	that	that	SCONJ
gujaf-35	31	6	if	if	SCONJ
gujaf-35	31	7	the	the	DET
gujaf-35	31	8	current	current	ADJ
gujaf-35	31	9	lockdowns	lockdown	NOUN
gujaf-35	31	10	in	in	ADP
gujaf-35	31	11	most	most	ADJ
gujaf-35	31	12	parts	part	NOUN
gujaf-35	31	13	of	of	ADP
gujaf-35	31	14	the	the	DET
gujaf-35	31	15	world	world	NOUN
gujaf-35	31	16	persist	persist	VERB
gujaf-35	31	17	for	for	ADP
gujaf-35	31	18	another	another	DET
gujaf-35	31	19	two	two	NUM
gujaf-35	31	20	months	month	NOUN
gujaf-35	31	21	,	,	PUNCT
gujaf-35	31	22	about	about	ADV
gujaf-35	31	23	$	$	SYM
gujaf-35	31	24	2.23	2.23	NUM
gujaf-35	31	25	trillion	trillion	NUM
gujaf-35	31	26	in	in	ADP
gujaf-35	31	27	trade	trade	NOUN
gujaf-35	31	28	from	from	ADP
gujaf-35	31	29	nigeria	nigeria	PROPN
gujaf-35	31	30	would	would	AUX
gujaf-35	31	31	be	be	AUX
gujaf-35	31	32	lost	lose	VERB
gujaf-35	31	33	.	.	PUNCT
gujaf-35	32	1	ultimately	ultimately	ADV
gujaf-35	32	2	,	,	PUNCT
gujaf-35	32	3	this	this	PRON
gujaf-35	32	4	could	could	AUX
gujaf-35	32	5	lead	lead	VERB
gujaf-35	32	6	to	to	ADP
gujaf-35	32	7	domestic	domestic	ADJ
gujaf-35	32	8	shortages	shortage	NOUN
gujaf-35	32	9	(	(	PUNCT
gujaf-35	32	10	nairametric	nairametric	ADJ
gujaf-35	32	11	,	,	PUNCT
gujaf-35	32	12	2020	2020	NUM
gujaf-35	32	13	)	)	PUNCT
gujaf-35	32	14	.	.	PUNCT
gujaf-35	33	1	also	also	ADV
gujaf-35	33	2	,	,	PUNCT
gujaf-35	33	3	the	the	DET
gujaf-35	33	4	country	country	NOUN
gujaf-35	33	5	may	may	AUX
gujaf-35	33	6	not	not	PART
gujaf-35	33	7	be	be	AUX
gujaf-35	33	8	able	able	ADJ
gujaf-35	33	9	to	to	PART
gujaf-35	33	10	meet	meet	VERB
gujaf-35	33	11	the	the	DET
gujaf-35	33	12	demand	demand	NOUN
gujaf-35	33	13	for	for	ADP
gujaf-35	33	14	raw	raw	ADJ
gujaf-35	33	15	materials	material	NOUN
gujaf-35	33	16	and	and	CCONJ
gujaf-35	33	17	other	other	ADJ
gujaf-35	33	18	commodities	commodity	NOUN
gujaf-35	33	19	.	.	PUNCT
gujaf-35	34	1	and	and	CCONJ
gujaf-35	34	2	concomitant	concomitant	ADJ
gujaf-35	34	3	bottlenecks	bottleneck	NOUN
gujaf-35	34	4	would	would	AUX
gujaf-35	34	5	make	make	VERB
gujaf-35	34	6	a	a	DET
gujaf-35	34	7	significant	significant	ADJ
gujaf-35	34	8	dent	dent	NOUN
gujaf-35	34	9	in	in	ADP
gujaf-35	34	10	manufacturing	manufacturing	NOUN
gujaf-35	34	11	operations	operation	NOUN
gujaf-35	34	12	and	and	CCONJ
gujaf-35	34	13	other	other	ADJ
gujaf-35	34	14	cash	cash	NOUN
gujaf-35	34	15	receivables	receivables	NOUN
gujaf-35	34	16	(	(	PUNCT
gujaf-35	34	17	nairametric	nairametric	PROPN
gujaf-35	34	18	et	et	PROPN
gujaf-35	34	19	al	al	PROPN
gujaf-35	34	20	.	.	PROPN
gujaf-35	34	21	,	,	PUNCT
gujaf-35	34	22	2020	2020	NUM
gujaf-35	34	23	)	)	PUNCT
gujaf-35	34	24	.	.	PUNCT
gujaf-35	35	1	similarly	similarly	ADV
gujaf-35	35	2	,	,	PUNCT
gujaf-35	35	3	despite	despite	SCONJ
gujaf-35	35	4	the	the	DET
gujaf-35	35	5	promise	promise	NOUN
gujaf-35	35	6	of	of	ADP
gujaf-35	35	7	some	some	PRON
gujaf-35	35	8	of	of	ADP
gujaf-35	35	9	the	the	DET
gujaf-35	35	10	nigerian	nigerian	ADJ
gujaf-35	35	11	oil	oil	NOUN
gujaf-35	35	12	and	and	CCONJ
gujaf-35	35	13	gas	gas	NOUN
gujaf-35	35	14	companies	company	NOUN
gujaf-35	35	15	listed	list	VERB
gujaf-35	35	16	on	on	ADP
gujaf-35	35	17	the	the	DET
gujaf-35	35	18	nigerian	nigerian	ADJ
gujaf-35	35	19	stock	stock	NOUN
gujaf-35	35	20	exchange	exchange	PROPN
gujaf-35	35	21	(	(	PUNCT
gujaf-35	35	22	nse	nse	NOUN
gujaf-35	35	23	)	)	PUNCT
gujaf-35	35	24	and	and	CCONJ
gujaf-35	35	25	the	the	DET
gujaf-35	35	26	london	london	PROPN
gujaf-35	35	27	stock	stock	PROPN
gujaf-35	35	28	exchange	exchange	PROPN
gujaf-35	35	29	(	(	PUNCT
gujaf-35	35	30	lse	lse	PROPN
gujaf-35	35	31	)	)	PUNCT
gujaf-35	35	32	,	,	PUNCT
gujaf-35	35	33	securing	secure	VERB
gujaf-35	35	34	increased	increase	VERB
gujaf-35	35	35	gas	gas	NOUN
gujaf-35	35	36	revenues	revenue	NOUN
gujaf-35	35	37	,	,	PUNCT
gujaf-35	35	38	coverage	coverage	NOUN
gujaf-35	35	39	of	of	ADP
gujaf-35	35	40	the	the	DET
gujaf-35	35	41	low	low	ADJ
gujaf-35	35	42	oil	oil	NOUN
gujaf-35	35	43	prices	price	NOUN
gujaf-35	35	44	and	and	CCONJ
gujaf-35	35	45	a	a	DET
gujaf-35	35	46	good	good	ADJ
gujaf-35	35	47	cash	cash	NOUN
gujaf-35	35	48	situation	situation	NOUN
gujaf-35	35	49	,	,	PUNCT
gujaf-35	35	50	the	the	DET
gujaf-35	35	51	company	company	NOUN
gujaf-35	35	52	reported	report	VERB
gujaf-35	35	53	operating	operating	NOUN
gujaf-35	35	54	losses	loss	NOUN
gujaf-35	35	55	of	of	ADP
gujaf-35	35	56	$	$	SYM
gujaf-35	35	57	77	77	NUM
gujaf-35	35	58	million	million	NUM
gujaf-35	35	59	in	in	ADP
gujaf-35	35	60	the	the	DET
gujaf-35	35	61	first	first	ADJ
gujaf-35	35	62	quarter	quarter	NOUN
gujaf-35	35	63	of	of	ADP
gujaf-35	35	64	2020	2020	NUM
gujaf-35	35	65	,	,	PUNCT
gujaf-35	35	66	compared	compare	VERB
gujaf-35	35	67	to	to	ADP
gujaf-35	35	68	an	an	DET
gujaf-35	35	69	operating	operating	NOUN
gujaf-35	35	70	profit	profit	NOUN
gujaf-35	35	71	of	of	ADP
gujaf-35	35	72	$	$	SYM
gujaf-35	35	73	32.5	32.5	NUM
gujaf-35	35	74	million	million	NUM
gujaf-35	35	75	in	in	ADP
gujaf-35	35	76	the	the	DET
gujaf-35	35	77	first	first	ADJ
gujaf-35	35	78	quarter	quarter	NOUN
gujaf-35	35	79	of	of	ADP
gujaf-35	35	80	2019	2019	NUM
gujaf-35	35	81	,	,	PUNCT
gujaf-35	35	82	which	which	PRON
gujaf-35	35	83	implies	imply	VERB
gujaf-35	35	84	a	a	DET
gujaf-35	35	85	decrease	decrease	NOUN
gujaf-35	35	86	of	of	ADP
gujaf-35	35	87	336.9	336.9	NUM
gujaf-35	35	88	percent	percent	NOUN
gujaf-35	35	89	.	.	PUNCT
gujaf-35	36	1	besides	besides	SCONJ
gujaf-35	36	2	,	,	PUNCT
gujaf-35	36	3	beyond	beyond	ADP
gujaf-35	36	4	this	this	PRON
gujaf-35	36	5	,	,	PUNCT
gujaf-35	36	6	there	there	PRON
gujaf-35	36	7	is	be	VERB
gujaf-35	36	8	a	a	DET
gujaf-35	36	9	load	load	NOUN
gujaf-35	36	10	of	of	ADP
gujaf-35	36	11	unsold	unsold	ADJ
gujaf-35	36	12	inventory	inventory	NOUN
gujaf-35	36	13	given	give	VERB
gujaf-35	36	14	the	the	DET
gujaf-35	36	15	shutdown	shutdown	NOUN
gujaf-35	36	16	of	of	ADP
gujaf-35	36	17	most	most	ADJ
gujaf-35	36	18	global	global	ADJ
gujaf-35	36	19	economies	economy	NOUN
gujaf-35	36	20	.	.	PUNCT
gujaf-35	37	1	given	give	VERB
gujaf-35	37	2	this	this	DET
gujaf-35	37	3	scenario	scenario	NOUN
gujaf-35	37	4	,	,	PUNCT
gujaf-35	37	5	the	the	DET
gujaf-35	37	6	liquidity	liquidity	NOUN
gujaf-35	37	7	of	of	ADP
gujaf-35	37	8	most	most	ADJ
gujaf-35	37	9	indigenous	indigenous	ADJ
gujaf-35	37	10	oil	oil	NOUN
gujaf-35	37	11	concerns	concern	NOUN
gujaf-35	37	12	has	have	AUX
gujaf-35	37	13	already	already	ADV
gujaf-35	37	14	been	be	AUX
gujaf-35	37	15	severe	severe	ADJ
gujaf-35	37	16	as	as	ADP
gujaf-35	37	17	a	a	DET
gujaf-35	37	18	result	result	NOUN
gujaf-35	37	19	of	of	ADP
gujaf-35	37	20	the	the	DET
gujaf-35	37	21	loss	loss	NOUN
gujaf-35	37	22	of	of	ADP
gujaf-35	37	23	cash	cash	NOUN
gujaf-35	37	24	flow	flow	NOUN
gujaf-35	37	25	due	due	ADP
gujaf-35	37	26	to	to	ADP
gujaf-35	37	27	the	the	DET
gujaf-35	37	28	global	global	ADJ
gujaf-35	37	29	energy	energy	NOUN
gujaf-35	37	30	crisis	crisis	NOUN
gujaf-35	37	31	caused	cause	VERB
gujaf-35	37	32	by	by	ADP
gujaf-35	37	33	the	the	DET
gujaf-35	37	34	pandemic	pandemic	NOUN
gujaf-35	37	35	.	.	PUNCT
gujaf-35	38	1	this	this	DET
gujaf-35	38	2	disruption	disruption	NOUN
gujaf-35	38	3	has	have	VERB
gujaf-35	38	4	dire	dire	ADJ
gujaf-35	38	5	consequences	consequence	NOUN
gujaf-35	38	6	for	for	ADP
gujaf-35	38	7	the	the	DET
gujaf-35	38	8	local	local	ADJ
gujaf-35	38	9	players	player	NOUN
gujaf-35	38	10	in	in	ADP
gujaf-35	38	11	nigeria	nigeria	PROPN
gujaf-35	38	12	’s	’s	PART
gujaf-35	38	13	oil	oil	NOUN
gujaf-35	38	14	and	and	CCONJ
gujaf-35	38	15	gas	gas	NOUN
gujaf-35	38	16	industry	industry	NOUN
gujaf-35	38	17	,	,	PUNCT
gujaf-35	38	18	who	who	PRON
gujaf-35	38	19	are	be	AUX
gujaf-35	38	20	fighting	fight	VERB
gujaf-35	38	21	to	to	PART
gujaf-35	38	22	maintain	maintain	VERB
gujaf-35	38	23	operations	operation	NOUN
gujaf-35	38	24	and	and	CCONJ
gujaf-35	38	25	margins	margin	NOUN
gujaf-35	38	26	(	(	PUNCT
gujaf-35	38	27	thisday	thisday	NOUN
gujaf-35	38	28	,	,	PUNCT
gujaf-35	38	29	2020	2020	NUM
gujaf-35	38	30	)	)	PUNCT
gujaf-35	38	31	.	.	PUNCT
gujaf-35	39	1	gusau	gusau	PROPN
gujaf-35	39	2	journal	journal	PROPN
gujaf-35	39	3	of	of	ADP
gujaf-35	39	4	accounting	accounting	NOUN
gujaf-35	39	5	and	and	CCONJ
gujaf-35	39	6	finance	finance	NOUN
gujaf-35	39	7	,	,	PUNCT
gujaf-35	39	8	vol	vol	NOUN
gujaf-35	39	9	.	.	PUNCT
gujaf-35	40	1	i	i	PRON
gujaf-35	40	2	,	,	PUNCT
gujaf-35	40	3	issue	issue	NOUN
gujaf-35	40	4	2	2	NUM
gujaf-35	40	5	,	,	PUNCT
gujaf-35	40	6	october	october	PROPN
gujaf-35	40	7	,	,	PUNCT
gujaf-35	40	8	2020	2020	NUM
gujaf-35	40	9	3	3	NUM
gujaf-35	40	10	the	the	DET
gujaf-35	40	11	reality	reality	NOUN
gujaf-35	40	12	is	be	AUX
gujaf-35	40	13	that	that	SCONJ
gujaf-35	40	14	most	most	ADJ
gujaf-35	40	15	of	of	ADP
gujaf-35	40	16	the	the	DET
gujaf-35	40	17	listed	list	VERB
gujaf-35	40	18	companies	company	NOUN
gujaf-35	40	19	have	have	AUX
gujaf-35	40	20	failed	fail	VERB
gujaf-35	40	21	to	to	PART
gujaf-35	40	22	impress	impress	VERB
gujaf-35	40	23	investors	investor	NOUN
gujaf-35	40	24	.	.	PUNCT
gujaf-35	41	1	they	they	PRON
gujaf-35	41	2	are	be	AUX
gujaf-35	41	3	either	either	CCONJ
gujaf-35	41	4	reporting	report	VERB
gujaf-35	41	5	weak	weak	ADJ
gujaf-35	41	6	earnings	earning	NOUN
gujaf-35	41	7	,	,	PUNCT
gujaf-35	41	8	bad	bad	ADJ
gujaf-35	41	9	corporate	corporate	ADJ
gujaf-35	41	10	governance	governance	NOUN
gujaf-35	41	11	,	,	PUNCT
gujaf-35	41	12	inconsistent	inconsistent	ADJ
gujaf-35	41	13	dividend	dividend	NOUN
gujaf-35	41	14	/	/	SYM
gujaf-35	41	15	bonus	bonus	NOUN
gujaf-35	41	16	pay	pay	VERB
gujaf-35	41	17	out	out	ADP
gujaf-35	41	18	or	or	CCONJ
gujaf-35	41	19	poor	poor	ADJ
gujaf-35	41	20	investor	investor	NOUN
gujaf-35	41	21	relation	relation	NOUN
gujaf-35	41	22	handling	handling	NOUN
gujaf-35	41	23	(	(	PUNCT
gujaf-35	41	24	vanguard,2020	vanguard,2020	NOUN
gujaf-35	41	25	)	)	PUNCT
gujaf-35	41	26	.	.	PUNCT
gujaf-35	42	1	even	even	ADV
gujaf-35	42	2	flour	flour	NOUN
gujaf-35	42	3	mills	mill	NOUN
gujaf-35	42	4	of	of	ADP
gujaf-35	42	5	nigeria	nigeria	PROPN
gujaf-35	42	6	plc	plc	PROPN
gujaf-35	42	7	,	,	PUNCT
gujaf-35	42	8	the	the	DET
gujaf-35	42	9	country	country	NOUN
gujaf-35	42	10	's	's	PART
gujaf-35	42	11	biggest	big	ADJ
gujaf-35	42	12	miller	miller	NOUN
gujaf-35	42	13	by	by	ADP
gujaf-35	42	14	market	market	NOUN
gujaf-35	42	15	value	value	NOUN
gujaf-35	42	16	,	,	PUNCT
gujaf-35	42	17	planned	plan	VERB
gujaf-35	42	18	to	to	PART
gujaf-35	42	19	issue	issue	VERB
gujaf-35	42	20	as	as	ADV
gujaf-35	42	21	much	much	ADV
gujaf-35	42	22	as	as	ADP
gujaf-35	42	23	n40	n40	PROPN
gujaf-35	42	24	billion	billion	NUM
gujaf-35	42	25	in	in	ADP
gujaf-35	42	26	bonds	bond	NOUN
gujaf-35	42	27	and	and	CCONJ
gujaf-35	42	28	was	be	AUX
gujaf-35	42	29	also	also	ADV
gujaf-35	42	30	considering	consider	VERB
gujaf-35	42	31	a	a	DET
gujaf-35	42	32	rights	right	NOUN
gujaf-35	42	33	issue	issue	NOUN
gujaf-35	42	34	to	to	PART
gujaf-35	42	35	enable	enable	VERB
gujaf-35	42	36	it	it	PRON
gujaf-35	42	37	to	to	PART
gujaf-35	42	38	deal	deal	VERB
gujaf-35	42	39	with	with	ADP
gujaf-35	42	40	funding	funding	NOUN
gujaf-35	42	41	challenges	challenge	NOUN
gujaf-35	42	42	arising	arise	VERB
gujaf-35	42	43	from	from	ADP
gujaf-35	42	44	a	a	DET
gujaf-35	42	45	scarcity	scarcity	NOUN
gujaf-35	42	46	of	of	ADP
gujaf-35	42	47	naira	naira	PROPN
gujaf-35	42	48	,	,	PUNCT
gujaf-35	42	49	its	its	PRON
gujaf-35	42	50	managing	manage	VERB
gujaf-35	42	51	director	director	NOUN
gujaf-35	42	52	,	,	PUNCT
gujaf-35	42	53	paul	paul	PROPN
gujaf-35	42	54	gbededo	gbededo	PROPN
gujaf-35	42	55	,	,	PUNCT
gujaf-35	42	56	said	say	VERB
gujaf-35	42	57	(	(	PUNCT
gujaf-35	42	58	thisday	thisday	NOUN
gujaf-35	42	59	,	,	PUNCT
gujaf-35	42	60	2017	2017	NUM
gujaf-35	42	61	)	)	PUNCT
gujaf-35	42	62	.	.	PUNCT
gujaf-35	43	1	as	as	ADP
gujaf-35	43	2	a	a	DET
gujaf-35	43	3	matter	matter	NOUN
gujaf-35	43	4	of	of	ADP
gujaf-35	43	5	concern	concern	NOUN
gujaf-35	43	6	,	,	PUNCT
gujaf-35	43	7	cash	cash	NOUN
gujaf-35	43	8	flow	flow	NOUN
gujaf-35	43	9	is	be	AUX
gujaf-35	43	10	very	very	ADV
gujaf-35	43	11	important	important	ADJ
gujaf-35	43	12	to	to	ADP
gujaf-35	43	13	the	the	DET
gujaf-35	43	14	going	go	VERB
gujaf-35	43	15	concern	concern	NOUN
gujaf-35	43	16	of	of	ADP
gujaf-35	43	17	the	the	DET
gujaf-35	43	18	manufacturing	manufacturing	NOUN
gujaf-35	43	19	firms	firm	NOUN
gujaf-35	43	20	.	.	PUNCT
gujaf-35	44	1	this	this	PRON
gujaf-35	44	2	is	be	AUX
gujaf-35	44	3	very	very	ADV
gujaf-35	44	4	crucial	crucial	ADJ
gujaf-35	44	5	,	,	PUNCT
gujaf-35	44	6	the	the	DET
gujaf-35	44	7	reason	reason	NOUN
gujaf-35	44	8	being	be	AUX
gujaf-35	44	9	that	that	DET
gujaf-35	44	10	cash	cash	NOUN
gujaf-35	44	11	and	and	CCONJ
gujaf-35	44	12	cash	cash	NOUN
gujaf-35	44	13	equivalent	equivalent	NOUN
gujaf-35	44	14	are	be	AUX
gujaf-35	44	15	liquid	liquid	ADJ
gujaf-35	44	16	assets	asset	NOUN
gujaf-35	44	17	meant	mean	VERB
gujaf-35	44	18	to	to	PART
gujaf-35	44	19	increase	increase	VERB
gujaf-35	44	20	shareholders	shareholder	NOUN
gujaf-35	44	21	value	value	NOUN
gujaf-35	44	22	by	by	ADP
gujaf-35	44	23	investing	invest	VERB
gujaf-35	44	24	in	in	ADP
gujaf-35	44	25	profitable	profitable	ADJ
gujaf-35	44	26	engagements	engagement	NOUN
gujaf-35	44	27	,	,	PUNCT
gujaf-35	44	28	drastically	drastically	ADV
gujaf-35	44	29	minimize	minimize	VERB
gujaf-35	44	30	cost	cost	NOUN
gujaf-35	44	31	,	,	PUNCT
gujaf-35	44	32	and	and	CCONJ
gujaf-35	44	33	the	the	DET
gujaf-35	44	34	peculiarity	peculiarity	NOUN
gujaf-35	44	35	of	of	ADP
gujaf-35	44	36	cash	cash	NOUN
gujaf-35	44	37	not	not	PART
gujaf-35	44	38	overlooked	overlook	VERB
gujaf-35	44	39	.	.	PUNCT
gujaf-35	45	1	cash	cash	NOUN
gujaf-35	45	2	holding	hold	VERB
gujaf-35	45	3	decisions	decision	NOUN
gujaf-35	45	4	are	be	AUX
gujaf-35	45	5	some	some	PRON
gujaf-35	45	6	of	of	ADP
gujaf-35	45	7	the	the	DET
gujaf-35	45	8	most	most	ADV
gujaf-35	45	9	important	important	ADJ
gujaf-35	45	10	decisions	decision	NOUN
gujaf-35	45	11	to	to	PART
gujaf-35	45	12	make	make	VERB
gujaf-35	45	13	in	in	ADP
gujaf-35	45	14	any	any	DET
gujaf-35	45	15	corporate	corporate	ADJ
gujaf-35	45	16	firm	firm	NOUN
gujaf-35	45	17	.	.	PUNCT
gujaf-35	46	1	adetifa	adetifa	PROPN
gujaf-35	46	2	(	(	PUNCT
gujaf-35	46	3	2005	2005	NUM
gujaf-35	46	4	)	)	PUNCT
gujaf-35	46	5	observes	observe	VERB
gujaf-35	46	6	that	that	SCONJ
gujaf-35	46	7	the	the	DET
gujaf-35	46	8	costs	cost	NOUN
gujaf-35	46	9	of	of	ADP
gujaf-35	46	10	cash	cash	NOUN
gujaf-35	46	11	holding	holding	NOUN
gujaf-35	46	12	are	be	AUX
gujaf-35	46	13	of	of	ADP
gujaf-35	46	14	two	two	NUM
gujaf-35	46	15	categories	category	NOUN
gujaf-35	46	16	:	:	PUNCT
gujaf-35	46	17	cost	cost	NOUN
gujaf-35	46	18	of	of	ADP
gujaf-35	46	19	excessive	excessive	ADJ
gujaf-35	46	20	cash	cash	NOUN
gujaf-35	46	21	holding	holding	NOUN
gujaf-35	46	22	such	such	ADJ
gujaf-35	46	23	as	as	ADP
gujaf-35	46	24	opportunity	opportunity	NOUN
gujaf-35	46	25	cost	cost	NOUN
gujaf-35	46	26	of	of	ADP
gujaf-35	46	27	interest	interest	NOUN
gujaf-35	46	28	foregone	foregone	NOUN
gujaf-35	46	29	,	,	PUNCT
gujaf-35	46	30	costs	cost	NOUN
gujaf-35	46	31	of	of	ADP
gujaf-35	46	32	purchasing	purchase	VERB
gujaf-35	46	33	power	power	NOUN
gujaf-35	46	34	among	among	ADP
gujaf-35	46	35	others	other	NOUN
gujaf-35	46	36	and	and	CCONJ
gujaf-35	46	37	cost	cost	NOUN
gujaf-35	46	38	of	of	ADP
gujaf-35	46	39	inadequate	inadequate	ADJ
gujaf-35	46	40	cash	cash	NOUN
gujaf-35	46	41	holding	holding	NOUN
gujaf-35	46	42	including	include	VERB
gujaf-35	46	43	cost	cost	NOUN
gujaf-35	46	44	of	of	ADP
gujaf-35	46	45	corporate	corporate	ADJ
gujaf-35	46	46	image	image	NOUN
gujaf-35	46	47	,	,	PUNCT
gujaf-35	46	48	loss	loss	NOUN
gujaf-35	46	49	of	of	ADP
gujaf-35	46	50	cash	cash	NOUN
gujaf-35	46	51	discount	discount	NOUN
gujaf-35	46	52	on	on	ADP
gujaf-35	46	53	purchases	purchase	NOUN
gujaf-35	46	54	and	and	CCONJ
gujaf-35	46	55	loss	loss	NOUN
gujaf-35	46	56	of	of	ADP
gujaf-35	46	57	business	business	NOUN
gujaf-35	46	58	opportunities	opportunity	NOUN
gujaf-35	46	59	.	.	PUNCT
gujaf-35	47	1	cash	cash	NOUN
gujaf-35	47	2	holding	holding	NOUN
gujaf-35	47	3	has	have	AUX
gujaf-35	47	4	been	be	AUX
gujaf-35	47	5	studied	study	VERB
gujaf-35	47	6	from	from	ADP
gujaf-35	47	7	several	several	ADJ
gujaf-35	47	8	angles	angle	NOUN
gujaf-35	47	9	;	;	PUNCT
gujaf-35	47	10	one	one	NUM
gujaf-35	47	11	of	of	ADP
gujaf-35	47	12	these	these	DET
gujaf-35	47	13	angles	angle	NOUN
gujaf-35	47	14	was	be	AUX
gujaf-35	47	15	the	the	DET
gujaf-35	47	16	determinants	determinant	NOUN
gujaf-35	47	17	of	of	ADP
gujaf-35	47	18	cash	cash	NOUN
gujaf-35	47	19	holding	holding	NOUN
gujaf-35	47	20	,	,	PUNCT
gujaf-35	47	21	where	where	SCONJ
gujaf-35	47	22	firms	firm	NOUN
gujaf-35	47	23	’	'	PUNCT
gujaf-35	47	24	characteristics	characteristic	NOUN
gujaf-35	47	25	were	be	AUX
gujaf-35	47	26	studied	study	VERB
gujaf-35	47	27	in	in	ADP
gujaf-35	47	28	order	order	NOUN
gujaf-35	47	29	to	to	PART
gujaf-35	47	30	explain	explain	VERB
gujaf-35	47	31	how	how	SCONJ
gujaf-35	47	32	and	and	CCONJ
gujaf-35	47	33	why	why	SCONJ
gujaf-35	47	34	firms	firm	NOUN
gujaf-35	47	35	hold	hold	VERB
gujaf-35	47	36	cash	cash	NOUN
gujaf-35	47	37	(	(	PUNCT
gujaf-35	47	38	kim	kim	PROPN
gujaf-35	47	39	,	,	PUNCT
gujaf-35	47	40	mauer	mauer	PROPN
gujaf-35	47	41	,	,	PUNCT
gujaf-35	47	42	&	&	CCONJ
gujaf-35	47	43	sherman	sherman	PROPN
gujaf-35	47	44	1998	1998	NUM
gujaf-35	47	45	;	;	PUNCT
gujaf-35	47	46	schnure	schnure	NOUN
gujaf-35	47	47	,	,	PUNCT
gujaf-35	47	48	1998	1998	NUM
gujaf-35	47	49	;	;	PUNCT
gujaf-35	47	50	faulkender	faulkender	NOUN
gujaf-35	47	51	,	,	PUNCT
gujaf-35	47	52	2002	2002	NUM
gujaf-35	47	53	;	;	PUNCT
gujaf-35	47	54	ferreira	ferreira	PROPN
gujaf-35	47	55	&	&	CCONJ
gujaf-35	47	56	vilela	vilela	PROPN
gujaf-35	47	57	,	,	PUNCT
gujaf-35	47	58	2004	2004	NUM
gujaf-35	47	59	;	;	PUNCT
gujaf-35	47	60	ozkan	ozkan	NOUN
gujaf-35	47	61	and	and	CCONJ
gujaf-35	47	62	ozkan	ozkan	ADJ
gujaf-35	47	63	,	,	PUNCT
gujaf-35	47	64	2004	2004	NUM
gujaf-35	47	65	;	;	PUNCT
gujaf-35	47	66	almeida	almeida	PROPN
gujaf-35	47	67	,	,	PUNCT
gujaf-35	47	68	campello	campello	PROPN
gujaf-35	47	69	&	&	CCONJ
gujaf-35	47	70	weisbach	weisbach	NOUN
gujaf-35	47	71	2004	2004	NUM
gujaf-35	47	72	;	;	PUNCT
gujaf-35	47	73	chen	chen	PROPN
gujaf-35	47	74	and	and	CCONJ
gujaf-35	47	75	mahajan	mahajan	PROPN
gujaf-35	47	76	,	,	PUNCT
gujaf-35	47	77	2010	2010	NUM
gujaf-35	47	78	;	;	PUNCT
gujaf-35	47	79	alzoubi	alzoubi	PROPN
gujaf-35	47	80	,	,	PUNCT
gujaf-35	47	81	2013	2013	NUM
gujaf-35	47	82	)	)	PUNCT
gujaf-35	47	83	.	.	PUNCT
gujaf-35	48	1	according	accord	VERB
gujaf-35	48	2	to	to	ADP
gujaf-35	48	3	trade	trade	NOUN
gujaf-35	48	4	-	-	PUNCT
gujaf-35	48	5	off	off	ADP
gujaf-35	48	6	theory	theory	NOUN
gujaf-35	48	7	and	and	CCONJ
gujaf-35	48	8	pecking	pecking	NOUN
gujaf-35	48	9	order	order	NOUN
gujaf-35	48	10	theory	theory	NOUN
gujaf-35	48	11	,	,	PUNCT
gujaf-35	48	12	various	various	ADJ
gujaf-35	48	13	firms	firm	NOUN
gujaf-35	48	14	’	'	PUNCT
gujaf-35	48	15	characteristics	characteristic	NOUN
gujaf-35	48	16	such	such	ADJ
gujaf-35	48	17	as	as	ADP
gujaf-35	48	18	growth	growth	NOUN
gujaf-35	48	19	opportunities	opportunity	NOUN
gujaf-35	48	20	,	,	PUNCT
gujaf-35	48	21	net	net	ADJ
gujaf-35	48	22	working	working	NOUN
gujaf-35	48	23	capital	capital	NOUN
gujaf-35	48	24	,	,	PUNCT
gujaf-35	48	25	liquid	liquid	ADJ
gujaf-35	48	26	assets	asset	NOUN
gujaf-35	48	27	,	,	PUNCT
gujaf-35	48	28	leverages	leverage	NOUN
gujaf-35	48	29	and	and	CCONJ
gujaf-35	48	30	size	size	NOUN
gujaf-35	48	31	are	be	AUX
gujaf-35	48	32	determinant	determinant	ADJ
gujaf-35	48	33	of	of	ADP
gujaf-35	48	34	cash	cash	NOUN
gujaf-35	48	35	holding(lawrencia	holding(lawrencia	NOUN
gujaf-35	48	36	,	,	PUNCT
gujaf-35	48	37	et	et	PROPN
gujaf-35	48	38	al	al	PROPN
gujaf-35	48	39	.	.	PROPN
gujaf-35	48	40	,	,	PUNCT
gujaf-35	48	41	2012	2012	NUM
gujaf-35	48	42	)	)	PUNCT
gujaf-35	48	43	another	another	DET
gujaf-35	48	44	angle	angle	NOUN
gujaf-35	48	45	was	be	AUX
gujaf-35	48	46	the	the	DET
gujaf-35	48	47	value	value	NOUN
gujaf-35	48	48	of	of	ADP
gujaf-35	48	49	cash	cash	NOUN
gujaf-35	48	50	holding	holding	NOUN
gujaf-35	48	51	;	;	PUNCT
gujaf-35	48	52	many	many	ADJ
gujaf-35	48	53	researchers	researcher	NOUN
gujaf-35	48	54	investigated	investigate	VERB
gujaf-35	48	55	the	the	DET
gujaf-35	48	56	value	value	NOUN
gujaf-35	48	57	of	of	ADP
gujaf-35	48	58	the	the	DET
gujaf-35	48	59	cash	cash	NOUN
gujaf-35	48	60	held	hold	VERB
gujaf-35	48	61	by	by	ADP
gujaf-35	48	62	firms	firm	NOUN
gujaf-35	48	63	and	and	CCONJ
gujaf-35	48	64	how	how	SCONJ
gujaf-35	48	65	that	that	DET
gujaf-35	48	66	cash	cash	NOUN
gujaf-35	48	67	contributes	contribute	VERB
gujaf-35	48	68	towards	towards	ADP
gujaf-35	48	69	the	the	DET
gujaf-35	48	70	value	value	NOUN
gujaf-35	48	71	of	of	ADP
gujaf-35	48	72	firms	firm	NOUN
gujaf-35	48	73	.	.	PUNCT
gujaf-35	49	1	holding	hold	VERB
gujaf-35	49	2	cash	cash	NOUN
gujaf-35	49	3	when	when	SCONJ
gujaf-35	49	4	the	the	DET
gujaf-35	49	5	internal	internal	ADJ
gujaf-35	49	6	mechanism	mechanism	NOUN
gujaf-35	49	7	is	be	AUX
gujaf-35	49	8	weak	weak	ADJ
gujaf-35	49	9	and	and	CCONJ
gujaf-35	49	10	shareholders	shareholder	NOUN
gujaf-35	49	11	are	be	AUX
gujaf-35	49	12	not	not	PART
gujaf-35	49	13	protected	protect	VERB
gujaf-35	49	14	,	,	PUNCT
gujaf-35	49	15	the	the	DET
gujaf-35	49	16	value	value	NOUN
gujaf-35	49	17	of	of	ADP
gujaf-35	49	18	cash	cash	NOUN
gujaf-35	49	19	held	hold	VERB
gujaf-35	49	20	by	by	ADP
gujaf-35	49	21	firms	firm	NOUN
gujaf-35	49	22	is	be	AUX
gujaf-35	49	23	low	low	ADJ
gujaf-35	49	24	due	due	ADP
gujaf-35	49	25	to	to	ADP
gujaf-35	49	26	the	the	DET
gujaf-35	49	27	free	free	ADJ
gujaf-35	49	28	cash	cash	NOUN
gujaf-35	49	29	flow	flow	NOUN
gujaf-35	49	30	problem	problem	NOUN
gujaf-35	49	31	(	(	PUNCT
gujaf-35	49	32	jensen	jensen	PROPN
gujaf-35	49	33	,	,	PUNCT
gujaf-35	49	34	1986	1986	NUM
gujaf-35	49	35	)	)	PUNCT
gujaf-35	49	36	,	,	PUNCT
gujaf-35	49	37	meaning	mean	VERB
gujaf-35	49	38	the	the	DET
gujaf-35	49	39	value	value	NOUN
gujaf-35	49	40	of	of	ADP
gujaf-35	49	41	each	each	DET
gujaf-35	49	42	amount	amount	NOUN
gujaf-35	49	43	invested	invest	VERB
gujaf-35	49	44	in	in	ADP
gujaf-35	49	45	cash	cash	NOUN
gujaf-35	49	46	could	could	AUX
gujaf-35	49	47	be	be	AUX
gujaf-35	49	48	valued	value	VERB
gujaf-35	49	49	at	at	ADP
gujaf-35	49	50	premium	premium	NOUN
gujaf-35	49	51	or	or	CCONJ
gujaf-35	49	52	discount	discount	NOUN
gujaf-35	49	53	based	base	VERB
gujaf-35	49	54	on	on	ADP
gujaf-35	49	55	the	the	DET
gujaf-35	49	56	business	business	NOUN
gujaf-35	49	57	environment	environment	NOUN
gujaf-35	49	58	and	and	CCONJ
gujaf-35	49	59	the	the	DET
gujaf-35	49	60	situation	situation	NOUN
gujaf-35	49	61	surrounding	surround	VERB
gujaf-35	49	62	firms	firm	NOUN
gujaf-35	49	63	(	(	PUNCT
gujaf-35	49	64	pinkowitz	pinkowitz	VERB
gujaf-35	49	65	et	et	PROPN
gujaf-35	49	66	al	al	PROPN
gujaf-35	49	67	.	.	PROPN
gujaf-35	49	68	,	,	PUNCT
gujaf-35	49	69	2006	2006	NUM
gujaf-35	49	70	;	;	PUNCT
gujaf-35	49	71	faulkender	faulkender	NOUN
gujaf-35	49	72	and	and	CCONJ
gujaf-35	49	73	wang	wang	PROPN
gujaf-35	49	74	,	,	PUNCT
gujaf-35	49	75	2006	2006	NUM
gujaf-35	49	76	;	;	PUNCT
gujaf-35	49	77	dittmar	dittmar	NOUN
gujaf-35	49	78	and	and	CCONJ
gujaf-35	49	79	mahrt	mahrt	PROPN
gujaf-35	49	80	-	-	PUNCT
gujaf-35	49	81	smith	smith	NOUN
gujaf-35	49	82	,	,	PUNCT
gujaf-35	49	83	2007	2007	NUM
gujaf-35	49	84	;	;	PUNCT
gujaf-35	49	85	kalcheva	kalcheva	PROPN
gujaf-35	49	86	and	and	CCONJ
gujaf-35	49	87	lins	lin	NOUN
gujaf-35	49	88	,	,	PUNCT
gujaf-35	49	89	2007	2007	NUM
gujaf-35	49	90	;	;	PUNCT
gujaf-35	49	91	harford	harford	PROPN
gujaf-35	49	92	,	,	PUNCT
gujaf-35	49	93	mansi	mansi	PROPN
gujaf-35	49	94	,	,	PUNCT
gujaf-35	49	95	&	&	CCONJ
gujaf-35	49	96	maxwell	maxwell	PROPN
gujaf-35	49	97	2008	2008	NUM
gujaf-35	49	98	;	;	PUNCT
gujaf-35	49	99	fresard	fresard	NOUN
gujaf-35	49	100	and	and	CCONJ
gujaf-35	49	101	salva	salva	NOUN
gujaf-35	49	102	,	,	PUNCT
gujaf-35	49	103	2010	2010	NUM
gujaf-35	49	104	;	;	PUNCT
gujaf-35	49	105	haw	haw	PROPN
gujaf-35	49	106	,	,	PUNCT
gujaf-35	49	107	hu	hu	PROPN
gujaf-35	49	108	&	&	CCONJ
gujaf-35	49	109	zhang	zhang	PROPN
gujaf-35	49	110	,	,	PUNCT
gujaf-35	49	111	2011	2011	NUM
gujaf-35	49	112	;	;	PUNCT
gujaf-35	49	113	tong	tong	PROPN
gujaf-35	49	114	,	,	PUNCT
gujaf-35	49	115	2011	2011	NUM
gujaf-35	49	116	;	;	PUNCT
gujaf-35	49	117	alzoubi	alzoubi	PROPN
gujaf-35	49	118	,	,	PUNCT
gujaf-35	49	119	2013	2013	NUM
gujaf-35	49	120	;	;	PUNCT
gujaf-35	49	121	alzoubi	alzoubi	NOUN
gujaf-35	49	122	,	,	PUNCT
gujaf-35	49	123	2016	2016	NUM
gujaf-35	49	124	)	)	PUNCT
gujaf-35	49	125	.	.	PUNCT
gujaf-35	50	1	gusau	gusau	PROPN
gujaf-35	50	2	journal	journal	PROPN
gujaf-35	50	3	of	of	ADP
gujaf-35	50	4	accounting	accounting	NOUN
gujaf-35	50	5	and	and	CCONJ
gujaf-35	50	6	finance	finance	NOUN
gujaf-35	50	7	,	,	PUNCT
gujaf-35	50	8	vol	vol	NOUN
gujaf-35	50	9	.	.	PUNCT
gujaf-35	51	1	i	i	PRON
gujaf-35	51	2	,	,	PUNCT
gujaf-35	51	3	issue	issue	NOUN
gujaf-35	51	4	2	2	NUM
gujaf-35	51	5	,	,	PUNCT
gujaf-35	51	6	october	october	PROPN
gujaf-35	51	7	,	,	PUNCT
gujaf-35	51	8	2020	2020	NUM
gujaf-35	51	9	4	4	NUM
gujaf-35	51	10	subsequently	subsequently	ADV
gujaf-35	51	11	,	,	PUNCT
gujaf-35	51	12	empirical	empirical	ADJ
gujaf-35	51	13	review	review	NOUN
gujaf-35	51	14	on	on	ADP
gujaf-35	51	15	the	the	DET
gujaf-35	51	16	relationship	relationship	NOUN
gujaf-35	51	17	between	between	ADP
gujaf-35	51	18	cash	cash	NOUN
gujaf-35	51	19	holdings	holding	NOUN
gujaf-35	51	20	and	and	CCONJ
gujaf-35	51	21	corporate	corporate	ADJ
gujaf-35	51	22	governance	governance	NOUN
gujaf-35	51	23	that	that	PRON
gujaf-35	51	24	have	have	AUX
gujaf-35	51	25	focused	focus	VERB
gujaf-35	51	26	on	on	ADP
gujaf-35	51	27	developed	develop	VERB
gujaf-35	51	28	and	and	CCONJ
gujaf-35	51	29	developing	develop	VERB
gujaf-35	51	30	economies	economy	NOUN
gujaf-35	51	31	is	be	AUX
gujaf-35	51	32	inconclusive	inconclusive	ADJ
gujaf-35	51	33	.	.	PUNCT
gujaf-35	52	1	for	for	ADP
gujaf-35	52	2	example	example	NOUN
gujaf-35	52	3	,	,	PUNCT
gujaf-35	52	4	in	in	ADP
gujaf-35	52	5	belgium	belgium	NOUN
gujaf-35	52	6	,	,	PUNCT
gujaf-35	52	7	orens	oren	VERB
gujaf-35	52	8	and	and	CCONJ
gujaf-35	52	9	reheul	reheul	VERB
gujaf-35	52	10	(	(	PUNCT
gujaf-35	52	11	2013	2013	NUM
gujaf-35	52	12	)	)	PUNCT
gujaf-35	52	13	examine	examine	VERB
gujaf-35	52	14	the	the	DET
gujaf-35	52	15	idiosyncratic	idiosyncratic	ADJ
gujaf-35	52	16	manager	manager	NOUN
gujaf-35	52	17	specific	specific	ADJ
gujaf-35	52	18	influence	influence	NOUN
gujaf-35	52	19	on	on	ADP
gujaf-35	52	20	smes	sme	NOUN
gujaf-35	52	21	cash	cash	NOUN
gujaf-35	52	22	holdings	holding	NOUN
gujaf-35	52	23	;	;	PUNCT
gujaf-35	52	24	amess	amess	NOUN
gujaf-35	52	25	,	,	PUNCT
gujaf-35	52	26	banerji	banerji	NOUN
gujaf-35	52	27	,	,	PUNCT
gujaf-35	52	28	and	and	CCONJ
gujaf-35	52	29	lampousis	lampousis	NOUN
gujaf-35	52	30	(	(	PUNCT
gujaf-35	52	31	2015	2015	NUM
gujaf-35	52	32	)	)	PUNCT
gujaf-35	52	33	consider	consider	VERB
gujaf-35	52	34	the	the	DET
gujaf-35	52	35	causes	cause	NOUN
gujaf-35	52	36	and	and	CCONJ
gujaf-35	52	37	consequence	consequence	NOUN
gujaf-35	52	38	of	of	ADP
gujaf-35	52	39	corporate	corporate	ADJ
gujaf-35	52	40	cash	cash	NOUN
gujaf-35	52	41	holdings	holding	NOUN
gujaf-35	52	42	in	in	ADP
gujaf-35	52	43	the	the	DET
gujaf-35	52	44	united	united	PROPN
gujaf-35	52	45	states	states	PROPN
gujaf-35	52	46	;	;	PUNCT
gujaf-35	52	47	the	the	DET
gujaf-35	52	48	taiwan	taiwan	PROPN
gujaf-35	52	49	context	context	NOUN
gujaf-35	52	50	(	(	PUNCT
gujaf-35	52	51	kuan	kuan	PROPN
gujaf-35	52	52	,	,	PUNCT
gujaf-35	52	53	li	li	PROPN
gujaf-35	52	54	&	&	CCONJ
gujaf-35	52	55	chu	chu	PROPN
gujaf-35	52	56	,	,	PUNCT
gujaf-35	52	57	2011	2011	NUM
gujaf-35	52	58	)	)	PUNCT
gujaf-35	52	59	examines	examine	VERB
gujaf-35	52	60	the	the	DET
gujaf-35	52	61	relationship	relationship	NOUN
gujaf-35	52	62	between	between	ADP
gujaf-35	52	63	corporate	corporate	ADJ
gujaf-35	52	64	governance	governance	NOUN
gujaf-35	52	65	and	and	CCONJ
gujaf-35	52	66	cash	cash	NOUN
gujaf-35	52	67	policy	policy	NOUN
gujaf-35	52	68	within	within	ADP
gujaf-35	52	69	family	family	NOUN
gujaf-35	52	70	-	-	PUNCT
gujaf-35	52	71	controlled	control	VERB
gujaf-35	52	72	firms	firm	NOUN
gujaf-35	52	73	;	;	PUNCT
gujaf-35	52	74	the	the	DET
gujaf-35	52	75	vietnam	vietnam	PROPN
gujaf-35	52	76	context	context	NOUN
gujaf-35	52	77	(	(	PUNCT
gujaf-35	52	78	thi	thi	PROPN
gujaf-35	52	79	&	&	CCONJ
gujaf-35	52	80	nhan	nhan	NOUN
gujaf-35	52	81	,	,	PUNCT
gujaf-35	52	82	2016	2016	NUM
gujaf-35	52	83	)	)	PUNCT
gujaf-35	52	84	presents	present	VERB
gujaf-35	52	85	a	a	DET
gujaf-35	52	86	review	review	NOUN
gujaf-35	52	87	of	of	ADP
gujaf-35	52	88	cash	cash	NOUN
gujaf-35	52	89	holdings	holding	NOUN
gujaf-35	52	90	and	and	CCONJ
gujaf-35	52	91	corporate	corporate	ADJ
gujaf-35	52	92	governance	governance	NOUN
gujaf-35	52	93	mechanisms	mechanism	NOUN
gujaf-35	52	94	and	and	CCONJ
gujaf-35	52	95	al	al	PROPN
gujaf-35	52	96	-	-	PUNCT
gujaf-35	52	97	najjar	najjar	PROPN
gujaf-35	52	98	and	and	CCONJ
gujaf-35	52	99	clark	clark	PROPN
gujaf-35	52	100	(	(	PUNCT
gujaf-35	52	101	2017	2017	NUM
gujaf-35	52	102	)	)	PUNCT
gujaf-35	52	103	explore	explore	VERB
gujaf-35	52	104	the	the	DET
gujaf-35	52	105	relationship	relationship	NOUN
gujaf-35	52	106	amid	amid	ADP
gujaf-35	52	107	cash	cash	NOUN
gujaf-35	52	108	holdings	holding	NOUN
gujaf-35	52	109	and	and	CCONJ
gujaf-35	52	110	internal	internal	ADJ
gujaf-35	52	111	,	,	PUNCT
gujaf-35	52	112	external	external	ADJ
gujaf-35	52	113	governance	governance	NOUN
gujaf-35	52	114	mechanisms	mechanism	NOUN
gujaf-35	52	115	in	in	ADP
gujaf-35	52	116	middle	middle	PROPN
gujaf-35	52	117	east	east	PROPN
gujaf-35	52	118	and	and	CCONJ
gujaf-35	52	119	north	north	ADJ
gujaf-35	52	120	african	african	ADJ
gujaf-35	52	121	countries	country	NOUN
gujaf-35	52	122	.	.	PUNCT
gujaf-35	53	1	aslam	aslam	PROPN
gujaf-35	53	2	,	,	PUNCT
gujaf-35	53	3	(	(	PUNCT
gujaf-35	53	4	2019	2019	NUM
gujaf-35	53	5	)	)	PUNCT
gujaf-35	53	6	,	,	PUNCT
gujaf-35	53	7	examined	examine	VERB
gujaf-35	53	8	relationship	relationship	NOUN
gujaf-35	53	9	between	between	ADP
gujaf-35	53	10	cash	cash	NOUN
gujaf-35	53	11	holding	holding	NOUN
gujaf-35	53	12	and	and	CCONJ
gujaf-35	53	13	corporate	corporate	ADJ
gujaf-35	53	14	governance	governance	NOUN
gujaf-35	53	15	structure	structure	NOUN
gujaf-35	53	16	;	;	PUNCT
gujaf-35	53	17	evidence	evidence	NOUN
gujaf-35	53	18	from	from	ADP
gujaf-35	53	19	kmi	kmi	PROPN
gujaf-35	53	20	30and	30and	PROPN
gujaf-35	53	21	kse	kse	PROPN
gujaf-35	53	22	100	100	NUM
gujaf-35	53	23	-	-	PUNCT
gujaf-35	53	24	indexed	index	VERB
gujaf-35	53	25	firms	firm	NOUN
gujaf-35	53	26	in	in	ADP
gujaf-35	53	27	pakistan	pakistan	PROPN
gujaf-35	53	28	.	.	PUNCT
gujaf-35	54	1	however	however	ADV
gujaf-35	54	2	,	,	PUNCT
gujaf-35	54	3	there	there	PRON
gujaf-35	54	4	has	have	AUX
gujaf-35	54	5	been	be	AUX
gujaf-35	54	6	a	a	DET
gujaf-35	54	7	dearth	dearth	NOUN
gujaf-35	54	8	of	of	ADP
gujaf-35	54	9	literature	literature	NOUN
gujaf-35	54	10	in	in	ADP
gujaf-35	54	11	nigerian	nigerian	ADJ
gujaf-35	54	12	economy	economy	NOUN
gujaf-35	54	13	.	.	PUNCT
gujaf-35	55	1	in	in	ADP
gujaf-35	55	2	nigeria	nigeria	PROPN
gujaf-35	55	3	context	context	NOUN
gujaf-35	55	4	,	,	PUNCT
gujaf-35	55	5	(	(	PUNCT
gujaf-35	55	6	lawrencia	lawrencia	PROPN
gujaf-35	55	7	olatunde	olatunde	PROPN
gujaf-35	55	8	ogundipe	ogundipe	PROPN
gujaf-35	55	9	,	,	PUNCT
gujaf-35	55	10	sunday	sunday	PROPN
gujaf-35	55	11	emmanuel	emmanuel	PROPN
gujaf-35	55	12	&	&	CCONJ
gujaf-35	55	13	ogundipe	ogundipe	PROPN
gujaf-35	55	14	,	,	PUNCT
gujaf-35	55	15	2012	2012	NUM
gujaf-35	55	16	)	)	PUNCT
gujaf-35	55	17	focused	focus	VERB
gujaf-35	55	18	on	on	ADP
gujaf-35	55	19	firm	firm	ADJ
gujaf-35	55	20	characteristics	characteristic	NOUN
gujaf-35	55	21	(	(	PUNCT
gujaf-35	55	22	using	use	VERB
gujaf-35	55	23	net	net	ADJ
gujaf-35	55	24	working	working	NOUN
gujaf-35	55	25	capital	capital	NOUN
gujaf-35	55	26	,	,	PUNCT
gujaf-35	55	27	firm	firm	ADJ
gujaf-35	55	28	size	size	NOUN
gujaf-35	55	29	,	,	PUNCT
gujaf-35	55	30	leverage	leverage	NOUN
gujaf-35	55	31	,	,	PUNCT
gujaf-35	55	32	return	return	VERB
gujaf-35	55	33	on	on	ADP
gujaf-35	55	34	asset	asset	NOUN
gujaf-35	55	35	,	,	PUNCT
gujaf-35	55	36	cash	cash	NOUN
gujaf-35	55	37	flow	flow	NOUN
gujaf-35	55	38	and	and	CCONJ
gujaf-35	55	39	investment	investment	NOUN
gujaf-35	55	40	opportunity	opportunity	NOUN
gujaf-35	55	41	)	)	PUNCT
gujaf-35	55	42	and	and	CCONJ
gujaf-35	55	43	cash	cash	NOUN
gujaf-35	55	44	holding	hold	VERB
gujaf-35	55	45	evidence	evidence	NOUN
gujaf-35	55	46	from	from	ADP
gujaf-35	55	47	an	an	DET
gujaf-35	55	48	emerging	emerge	VERB
gujaf-35	55	49	market	market	NOUN
gujaf-35	55	50	.	.	PUNCT
gujaf-35	56	1	in	in	ADP
gujaf-35	56	2	light	light	NOUN
gujaf-35	56	3	of	of	ADP
gujaf-35	56	4	the	the	DET
gujaf-35	56	5	above	above	ADJ
gujaf-35	56	6	,	,	PUNCT
gujaf-35	56	7	therefore	therefore	ADV
gujaf-35	56	8	,	,	PUNCT
gujaf-35	56	9	this	this	DET
gujaf-35	56	10	study	study	NOUN
gujaf-35	56	11	sought	seek	VERB
gujaf-35	56	12	to	to	PART
gujaf-35	56	13	enhance	enhance	VERB
gujaf-35	56	14	the	the	DET
gujaf-35	56	15	psychometric	psychometric	ADJ
gujaf-35	56	16	power	power	NOUN
gujaf-35	56	17	of	of	ADP
gujaf-35	56	18	the	the	DET
gujaf-35	56	19	variable	variable	NOUN
gujaf-35	56	20	(	(	PUNCT
gujaf-35	56	21	r&d	r&d	NOUN
gujaf-35	56	22	)	)	PUNCT
gujaf-35	56	23	by	by	ADP
gujaf-35	56	24	taking	take	VERB
gujaf-35	56	25	into	into	ADP
gujaf-35	56	26	cognizance	cognizance	NOUN
gujaf-35	56	27	the	the	DET
gujaf-35	56	28	measurement	measurement	NOUN
gujaf-35	56	29	of	of	ADP
gujaf-35	56	30	a	a	DET
gujaf-35	56	31	firm	firm	ADJ
gujaf-35	56	32	specific	specific	ADJ
gujaf-35	56	33	characteristic	characteristic	NOUN
gujaf-35	56	34	.	.	PUNCT
gujaf-35	57	1	however	however	ADV
gujaf-35	57	2	,	,	PUNCT
gujaf-35	57	3	there	there	PRON
gujaf-35	57	4	has	have	AUX
gujaf-35	57	5	been	be	AUX
gujaf-35	57	6	a	a	DET
gujaf-35	57	7	dearth	dearth	NOUN
gujaf-35	57	8	of	of	ADP
gujaf-35	57	9	literature	literature	NOUN
gujaf-35	57	10	in	in	ADP
gujaf-35	57	11	the	the	DET
gujaf-35	57	12	nigerian	nigerian	ADJ
gujaf-35	57	13	economy	economy	NOUN
gujaf-35	57	14	regarding	regard	VERB
gujaf-35	57	15	firm	firm	ADJ
gujaf-35	57	16	-	-	PUNCT
gujaf-35	57	17	specific	specific	ADJ
gujaf-35	57	18	characteristic	characteristic	NOUN
gujaf-35	57	19	and	and	CCONJ
gujaf-35	57	20	cash	cash	NOUN
gujaf-35	57	21	holding	holding	NOUN
gujaf-35	57	22	in	in	ADP
gujaf-35	57	23	the	the	DET
gujaf-35	57	24	manufacturing	manufacturing	NOUN
gujaf-35	57	25	sector	sector	NOUN
gujaf-35	57	26	.	.	PUNCT
gujaf-35	58	1	more	more	ADV
gujaf-35	58	2	so	so	ADV
gujaf-35	58	3	,	,	PUNCT
gujaf-35	58	4	to	to	ADP
gujaf-35	58	5	the	the	DET
gujaf-35	58	6	best	good	ADJ
gujaf-35	58	7	of	of	ADP
gujaf-35	58	8	author	author	NOUN
gujaf-35	58	9	’s	’s	PART
gujaf-35	58	10	knowledge	knowledge	NOUN
gujaf-35	58	11	and	and	CCONJ
gujaf-35	58	12	from	from	ADP
gujaf-35	58	13	the	the	DET
gujaf-35	58	14	reviewed	review	VERB
gujaf-35	58	15	of	of	ADP
gujaf-35	58	16	prior	prior	ADJ
gujaf-35	58	17	pieces	piece	NOUN
gujaf-35	58	18	of	of	ADP
gujaf-35	58	19	literature	literature	NOUN
gujaf-35	58	20	,	,	PUNCT
gujaf-35	58	21	no	no	DET
gujaf-35	58	22	work	work	NOUN
gujaf-35	58	23	has	have	AUX
gujaf-35	58	24	been	be	AUX
gujaf-35	58	25	conducted	conduct	VERB
gujaf-35	58	26	on	on	ADP
gujaf-35	58	27	firm	firm	ADJ
gujaf-35	58	28	specific	specific	ADJ
gujaf-35	58	29	characteristic	characteristic	NOUN
gujaf-35	58	30	(	(	PUNCT
gujaf-35	58	31	using	use	VERB
gujaf-35	58	32	r&d	r&d	NOUN
gujaf-35	58	33	)	)	PUNCT
gujaf-35	58	34	and	and	CCONJ
gujaf-35	58	35	cash	cash	NOUN
gujaf-35	58	36	holding	holding	NOUN
gujaf-35	58	37	in	in	ADP
gujaf-35	58	38	manufacturing	manufacturing	NOUN
gujaf-35	58	39	firms	firm	NOUN
gujaf-35	58	40	,	,	PUNCT
gujaf-35	58	41	nigeria	nigeria	PROPN
gujaf-35	58	42	.	.	PUNCT
gujaf-35	59	1	most	most	ADJ
gujaf-35	59	2	of	of	ADP
gujaf-35	59	3	the	the	DET
gujaf-35	59	4	previous	previous	ADJ
gujaf-35	59	5	literatures	literature	NOUN
gujaf-35	59	6	did	do	AUX
gujaf-35	59	7	not	not	PART
gujaf-35	59	8	pay	pay	VERB
gujaf-35	59	9	much	much	ADJ
gujaf-35	59	10	attention	attention	NOUN
gujaf-35	59	11	on	on	ADP
gujaf-35	59	12	r&d	r&d	NOUN
gujaf-35	59	13	as	as	ADP
gujaf-35	59	14	factors	factor	NOUN
gujaf-35	59	15	that	that	PRON
gujaf-35	59	16	could	could	AUX
gujaf-35	59	17	influence	influence	VERB
gujaf-35	59	18	cash	cash	NOUN
gujaf-35	59	19	holding	hold	VERB
gujaf-35	59	20	decision	decision	NOUN
gujaf-35	59	21	of	of	ADP
gujaf-35	59	22	the	the	DET
gujaf-35	59	23	organization	organization	NOUN
gujaf-35	59	24	.	.	PUNCT
gujaf-35	60	1	furthermore	furthermore	ADV
gujaf-35	60	2	,	,	PUNCT
gujaf-35	60	3	it	it	PRON
gujaf-35	60	4	has	have	AUX
gujaf-35	60	5	been	be	AUX
gujaf-35	60	6	found	find	VERB
gujaf-35	60	7	that	that	SCONJ
gujaf-35	60	8	there	there	PRON
gujaf-35	60	9	are	be	VERB
gujaf-35	60	10	scanty	scanty	ADJ
gujaf-35	60	11	or	or	CCONJ
gujaf-35	60	12	no	no	PRON
gujaf-35	60	13	studies	study	NOUN
gujaf-35	60	14	conducted	conduct	VERB
gujaf-35	60	15	to	to	PART
gujaf-35	60	16	examine	examine	VERB
gujaf-35	60	17	joint	joint	ADJ
gujaf-35	60	18	effect	effect	NOUN
gujaf-35	60	19	of	of	ADP
gujaf-35	60	20	firm	firm	ADJ
gujaf-35	60	21	dynamism	dynamism	NOUN
gujaf-35	60	22	(	(	PUNCT
gujaf-35	60	23	using	use	VERB
gujaf-35	60	24	female	female	ADJ
gujaf-35	60	25	leadership	leadership	NOUN
gujaf-35	60	26	and	and	CCONJ
gujaf-35	60	27	independence	independence	NOUN
gujaf-35	60	28	directors	director	NOUN
gujaf-35	60	29	)	)	PUNCT
gujaf-35	60	30	and	and	CCONJ
gujaf-35	60	31	firm	firm	ADJ
gujaf-35	60	32	specific	specific	ADJ
gujaf-35	60	33	characteristics	characteristic	NOUN
gujaf-35	60	34	(	(	PUNCT
gujaf-35	60	35	using	use	VERB
gujaf-35	60	36	leverage	leverage	NOUN
gujaf-35	60	37	,	,	PUNCT
gujaf-35	60	38	research	research	NOUN
gujaf-35	60	39	and	and	CCONJ
gujaf-35	60	40	development	development	NOUN
gujaf-35	60	41	,	,	PUNCT
gujaf-35	60	42	investment	investment	NOUN
gujaf-35	60	43	opportunity	opportunity	NOUN
gujaf-35	60	44	)	)	PUNCT
gujaf-35	60	45	on	on	ADP
gujaf-35	60	46	corporate	corporate	ADJ
gujaf-35	60	47	cash	cash	NOUN
gujaf-35	60	48	holding	holding	NOUN
gujaf-35	60	49	of	of	ADP
gujaf-35	60	50	listed	list	VERB
gujaf-35	60	51	manufacturing	manufacturing	NOUN
gujaf-35	60	52	firms	firm	NOUN
gujaf-35	60	53	in	in	ADP
gujaf-35	60	54	nigeria	nigeria	PROPN
gujaf-35	60	55	.	.	PUNCT
gujaf-35	61	1	this	this	DET
gujaf-35	61	2	study	study	NOUN
gujaf-35	61	3	tends	tend	VERB
gujaf-35	61	4	to	to	PART
gujaf-35	61	5	fill	fill	VERB
gujaf-35	61	6	this	this	DET
gujaf-35	61	7	gap	gap	NOUN
gujaf-35	61	8	by	by	ADP
gujaf-35	61	9	examine	examine	NOUN
gujaf-35	61	10	effect	effect	NOUN
gujaf-35	61	11	of	of	ADP
gujaf-35	61	12	firm	firm	ADJ
gujaf-35	61	13	specific	specific	ADJ
gujaf-35	61	14	characteristics	characteristic	NOUN
gujaf-35	61	15	and	and	CCONJ
gujaf-35	61	16	firm	firm	ADJ
gujaf-35	61	17	dynamism	dynamism	NOUN
gujaf-35	61	18	on	on	ADP
gujaf-35	61	19	corporate	corporate	ADJ
gujaf-35	61	20	cash	cash	NOUN
gujaf-35	61	21	holding	holding	NOUN
gujaf-35	61	22	of	of	ADP
gujaf-35	61	23	listed	list	VERB
gujaf-35	61	24	manufacturing	manufacturing	NOUN
gujaf-35	61	25	firms	firm	NOUN
gujaf-35	61	26	in	in	ADP
gujaf-35	61	27	nigeria	nigeria	PROPN
gujaf-35	61	28	from	from	ADP
gujaf-35	61	29	the	the	DET
gujaf-35	61	30	period	period	NOUN
gujaf-35	61	31	of	of	ADP
gujaf-35	61	32	2012	2012	NUM
gujaf-35	61	33	to	to	ADP
gujaf-35	61	34	2019	2019	NUM
gujaf-35	61	35	.	.	PUNCT
gujaf-35	62	1	gusau	gusau	PROPN
gujaf-35	62	2	journal	journal	PROPN
gujaf-35	62	3	of	of	ADP
gujaf-35	62	4	accounting	accounting	NOUN
gujaf-35	62	5	and	and	CCONJ
gujaf-35	62	6	finance	finance	NOUN
gujaf-35	62	7	,	,	PUNCT
gujaf-35	62	8	vol	vol	NOUN
gujaf-35	62	9	.	.	PUNCT
gujaf-35	63	1	i	i	PRON
gujaf-35	63	2	,	,	PUNCT
gujaf-35	63	3	issue	issue	NOUN
gujaf-35	63	4	2	2	NUM
gujaf-35	63	5	,	,	PUNCT
gujaf-35	63	6	october	october	PROPN
gujaf-35	63	7	,	,	PUNCT
gujaf-35	63	8	2020	2020	NUM
gujaf-35	63	9	5	5	NUM
gujaf-35	63	10	the	the	DET
gujaf-35	63	11	next	next	ADJ
gujaf-35	63	12	section	section	NOUN
gujaf-35	63	13	highlights	highlight	NOUN
gujaf-35	63	14	literature	literature	PROPN
gujaf-35	63	15	review	review	PROPN
gujaf-35	63	16	and	and	CCONJ
gujaf-35	63	17	hypotheses	hypothese	VERB
gujaf-35	63	18	development	development	NOUN
gujaf-35	63	19	,	,	PUNCT
gujaf-35	63	20	section	section	NOUN
gujaf-35	63	21	2	2	NUM
gujaf-35	63	22	shows	show	VERB
gujaf-35	63	23	the	the	DET
gujaf-35	63	24	methodological	methodological	ADJ
gujaf-35	63	25	approach	approach	NOUN
gujaf-35	63	26	applied	apply	VERB
gujaf-35	63	27	in	in	ADP
gujaf-35	63	28	this	this	DET
gujaf-35	63	29	study	study	NOUN
gujaf-35	63	30	,	,	PUNCT
gujaf-35	63	31	while	while	SCONJ
gujaf-35	63	32	section	section	NOUN
gujaf-35	63	33	3	3	NUM
gujaf-35	63	34	presents	present	VERB
gujaf-35	63	35	the	the	DET
gujaf-35	63	36	results	result	NOUN
gujaf-35	63	37	and	and	CCONJ
gujaf-35	63	38	discussion	discussion	NOUN
gujaf-35	63	39	of	of	ADP
gujaf-35	63	40	findings	finding	NOUN
gujaf-35	63	41	and	and	CCONJ
gujaf-35	63	42	finally	finally	ADV
gujaf-35	63	43	conclusion	conclusion	NOUN
gujaf-35	63	44	and	and	CCONJ
gujaf-35	63	45	recommendations	recommendation	NOUN
gujaf-35	63	46	were	be	AUX
gujaf-35	63	47	provided	provide	VERB
gujaf-35	63	48	in	in	ADP
gujaf-35	63	49	the	the	DET
gujaf-35	63	50	last	last	ADJ
gujaf-35	63	51	section	section	NOUN
gujaf-35	63	52	.	.	PUNCT
gujaf-35	64	1	2	2	X
gujaf-35	64	2	.	.	X
gujaf-35	64	3	literature	literature	PROPN
gujaf-35	64	4	review	review	VERB
gujaf-35	64	5	recent	recent	ADJ
gujaf-35	64	6	work	work	NOUN
gujaf-35	64	7	suggests	suggest	VERB
gujaf-35	64	8	three	three	NUM
gujaf-35	64	9	theoretical	theoretical	ADJ
gujaf-35	64	10	models	model	NOUN
gujaf-35	64	11	that	that	PRON
gujaf-35	64	12	can	can	AUX
gujaf-35	64	13	help	help	VERB
gujaf-35	64	14	define	define	VERB
gujaf-35	64	15	which	which	DET
gujaf-35	64	16	corporate	corporate	ADJ
gujaf-35	64	17	cash	cash	NOUN
gujaf-35	64	18	-	-	PUNCT
gujaf-35	64	19	keeping	keep	VERB
gujaf-35	64	20	decisions	decision	NOUN
gujaf-35	64	21	are	be	AUX
gujaf-35	64	22	made	make	VERB
gujaf-35	64	23	by	by	ADP
gujaf-35	64	24	the	the	DET
gujaf-35	64	25	characteristics	characteristic	NOUN
gujaf-35	64	26	of	of	ADP
gujaf-35	64	27	the	the	DET
gujaf-35	64	28	business	business	NOUN
gujaf-35	64	29	:	:	PUNCT
gujaf-35	64	30	trade	trade	NOUN
gujaf-35	64	31	-	-	PUNCT
gujaf-35	64	32	off	off	ADP
gujaf-35	64	33	theory	theory	NOUN
gujaf-35	64	34	,	,	PUNCT
gujaf-35	64	35	pecking	pecking	NOUN
gujaf-35	64	36	order	order	NOUN
gujaf-35	64	37	,	,	PUNCT
gujaf-35	64	38	and	and	CCONJ
gujaf-35	64	39	free	free	ADJ
gujaf-35	64	40	cash	cash	NOUN
gujaf-35	64	41	theory	theory	NOUN
gujaf-35	64	42	.	.	PUNCT
gujaf-35	65	1	therefore	therefore	ADV
gujaf-35	65	2	,	,	PUNCT
gujaf-35	65	3	we	we	PRON
gujaf-35	65	4	highlight	highlight	VERB
gujaf-35	65	5	the	the	DET
gujaf-35	65	6	results	result	NOUN
gujaf-35	65	7	of	of	ADP
gujaf-35	65	8	previous	previous	ADJ
gujaf-35	65	9	empirical	empirical	ADJ
gujaf-35	65	10	studies	study	NOUN
gujaf-35	65	11	.	.	PUNCT
gujaf-35	66	1	2.1	2.1	NUM
gujaf-35	66	2	pecking	pecking	NOUN
gujaf-35	66	3	order	order	NOUN
gujaf-35	66	4	theory	theory	NOUN
gujaf-35	66	5	the	the	DET
gujaf-35	66	6	pecking	pecking	NOUN
gujaf-35	66	7	order	order	NOUN
gujaf-35	66	8	theory	theory	NOUN
gujaf-35	66	9	of	of	ADP
gujaf-35	66	10	myers	myers	PROPN
gujaf-35	66	11	(	(	PUNCT
gujaf-35	66	12	1984	1984	NUM
gujaf-35	66	13	)	)	PUNCT
gujaf-35	66	14	and	and	CCONJ
gujaf-35	66	15	myers	myers	PROPN
gujaf-35	66	16	and	and	CCONJ
gujaf-35	66	17	majluf	majluf	PROPN
gujaf-35	66	18	(	(	PUNCT
gujaf-35	66	19	1984	1984	NUM
gujaf-35	66	20	)	)	PUNCT
gujaf-35	66	21	asserts	assert	VERB
gujaf-35	66	22	that	that	SCONJ
gujaf-35	66	23	to	to	PART
gujaf-35	66	24	minimize	minimize	VERB
gujaf-35	66	25	asymmetric	asymmetric	ADJ
gujaf-35	66	26	information	information	NOUN
gujaf-35	66	27	costs	cost	NOUN
gujaf-35	66	28	and	and	CCONJ
gujaf-35	66	29	other	other	ADJ
gujaf-35	66	30	borrowing	borrowing	NOUN
gujaf-35	66	31	risks	risk	NOUN
gujaf-35	66	32	would	would	AUX
gujaf-35	66	33	be	be	AUX
gujaf-35	66	34	financed	finance	VERB
gujaf-35	66	35	first	first	ADV
gujaf-35	66	36	by	by	ADP
gujaf-35	66	37	companies	company	NOUN
gujaf-35	66	38	with	with	ADP
gujaf-35	66	39	retained	retain	VERB
gujaf-35	66	40	earnings	earning	NOUN
gujaf-35	66	41	,	,	PUNCT
gujaf-35	66	42	followed	follow	VERB
gujaf-35	66	43	by	by	ADP
gujaf-35	66	44	stable	stable	ADJ
gujaf-35	66	45	debt	debt	NOUN
gujaf-35	66	46	and	and	CCONJ
gujaf-35	66	47	volatile	volatile	ADJ
gujaf-35	66	48	debt	debt	NOUN
gujaf-35	66	49	,	,	PUNCT
gujaf-35	66	50	and	and	CCONJ
gujaf-35	66	51	lastly	lastly	ADV
gujaf-35	66	52	by	by	ADP
gujaf-35	66	53	equities	equity	NOUN
gujaf-35	66	54	.	.	PUNCT
gujaf-35	67	1	extending	extend	VERB
gujaf-35	67	2	this	this	DET
gujaf-35	67	3	principle	principle	NOUN
gujaf-35	67	4	to	to	PART
gujaf-35	67	5	clarify	clarify	VERB
gujaf-35	67	6	the	the	DET
gujaf-35	67	7	determinants	determinant	NOUN
gujaf-35	67	8	of	of	ADP
gujaf-35	67	9	cash	cash	NOUN
gujaf-35	67	10	leads	lead	VERB
gujaf-35	67	11	to	to	ADP
gujaf-35	67	12	the	the	DET
gujaf-35	67	13	assumption	assumption	NOUN
gujaf-35	67	14	that	that	SCONJ
gujaf-35	67	15	there	there	PRON
gujaf-35	67	16	is	be	VERB
gujaf-35	67	17	no	no	DET
gujaf-35	67	18	optimal	optimal	ADJ
gujaf-35	67	19	amount	amount	NOUN
gujaf-35	67	20	of	of	ADP
gujaf-35	67	21	cash	cash	NOUN
gujaf-35	67	22	,	,	PUNCT
gujaf-35	67	23	but	but	CCONJ
gujaf-35	67	24	that	that	SCONJ
gujaf-35	67	25	cash	cash	NOUN
gujaf-35	67	26	is	be	AUX
gujaf-35	67	27	seen	see	VERB
gujaf-35	67	28	as	as	ADP
gujaf-35	67	29	a	a	DET
gujaf-35	67	30	bridge	bridge	NOUN
gujaf-35	67	31	between	between	ADP
gujaf-35	67	32	remaining	remain	VERB
gujaf-35	67	33	earnings	earning	NOUN
gujaf-35	67	34	and	and	CCONJ
gujaf-35	67	35	spending	spending	NOUN
gujaf-35	67	36	requirements	requirement	NOUN
gujaf-35	67	37	.	.	PUNCT
gujaf-35	68	1	in	in	ADP
gujaf-35	68	2	this	this	DET
gujaf-35	68	3	theory	theory	NOUN
gujaf-35	68	4	,	,	PUNCT
gujaf-35	68	5	the	the	DET
gujaf-35	68	6	amount	amount	NOUN
gujaf-35	68	7	of	of	ADP
gujaf-35	68	8	cash	cash	NOUN
gujaf-35	68	9	will	will	AUX
gujaf-35	68	10	simply	simply	ADV
gujaf-35	68	11	be	be	AUX
gujaf-35	68	12	the	the	DET
gujaf-35	68	13	product	product	NOUN
gujaf-35	68	14	of	of	ADP
gujaf-35	68	15	the	the	DET
gujaf-35	68	16	options	option	NOUN
gujaf-35	68	17	to	to	PART
gujaf-35	68	18	finance	finance	VERB
gujaf-35	68	19	and	and	CCONJ
gujaf-35	68	20	spend	spend	NOUN
gujaf-35	68	21	.	.	PUNCT
gujaf-35	69	1	consequently	consequently	ADV
gujaf-35	69	2	,	,	PUNCT
gujaf-35	69	3	when	when	SCONJ
gujaf-35	69	4	existing	exist	VERB
gujaf-35	69	5	operating	operate	VERB
gujaf-35	69	6	cash	cash	NOUN
gujaf-35	69	7	flows	flow	NOUN
gujaf-35	69	8	are	be	AUX
gujaf-35	69	9	adequate	adequate	ADJ
gujaf-35	69	10	to	to	PART
gujaf-35	69	11	finance	finance	VERB
gujaf-35	69	12	capital	capital	NOUN
gujaf-35	69	13	acquisitions	acquisition	NOUN
gujaf-35	69	14	,	,	PUNCT
gujaf-35	69	15	companies	company	NOUN
gujaf-35	69	16	repay	repay	VERB
gujaf-35	69	17	loans	loan	NOUN
gujaf-35	69	18	,	,	PUNCT
gujaf-35	69	19	pay	pay	VERB
gujaf-35	69	20	dividends	dividend	NOUN
gujaf-35	69	21	,	,	PUNCT
gujaf-35	69	22	and	and	CCONJ
gujaf-35	69	23	eventually	eventually	ADV
gujaf-35	69	24	raise	raise	VERB
gujaf-35	69	25	cash	cash	NOUN
gujaf-35	69	26	.	.	PUNCT
gujaf-35	70	1	when	when	SCONJ
gujaf-35	70	2	retained	retain	VERB
gujaf-35	70	3	earnings	earning	NOUN
gujaf-35	70	4	are	be	AUX
gujaf-35	70	5	inadequate	inadequate	ADJ
gujaf-35	70	6	to	to	PART
gujaf-35	70	7	fund	fund	VERB
gujaf-35	70	8	existing	exist	VERB
gujaf-35	70	9	assets	asset	NOUN
gujaf-35	70	10	,	,	PUNCT
gujaf-35	70	11	companies	company	NOUN
gujaf-35	70	12	use	use	VERB
gujaf-35	70	13	accumulated	accumulate	VERB
gujaf-35	70	14	cash	cash	NOUN
gujaf-35	70	15	reserves	reserve	NOUN
gujaf-35	70	16	and	and	CCONJ
gujaf-35	70	17	,	,	PUNCT
gujaf-35	70	18	if	if	SCONJ
gujaf-35	70	19	necessary	necessary	ADJ
gujaf-35	70	20	,	,	PUNCT
gujaf-35	70	21	issue	issue	VERB
gujaf-35	70	22	new	new	ADJ
gujaf-35	70	23	debt	debt	NOUN
gujaf-35	70	24	and	and	CCONJ
gujaf-35	70	25	eventually	eventually	ADV
gujaf-35	70	26	issue	issue	VERB
gujaf-35	70	27	shares	share	NOUN
gujaf-35	70	28	as	as	SCONJ
gujaf-35	70	29	they	they	PRON
gujaf-35	70	30	reach	reach	VERB
gujaf-35	70	31	their	their	PRON
gujaf-35	70	32	debt	debt	NOUN
gujaf-35	70	33	service	service	NOUN
gujaf-35	70	34	capacity	capacity	NOUN
gujaf-35	70	35	.	.	PUNCT
gujaf-35	71	1	based	base	VERB
gujaf-35	71	2	on	on	ADP
gujaf-35	71	3	the	the	DET
gujaf-35	71	4	pecking	pecking	NOUN
gujaf-35	71	5	order	order	NOUN
gujaf-35	71	6	theory	theory	NOUN
gujaf-35	71	7	,	,	PUNCT
gujaf-35	71	8	firms	firm	NOUN
gujaf-35	71	9	with	with	ADP
gujaf-35	71	10	larger	large	ADJ
gujaf-35	71	11	investment	investment	NOUN
gujaf-35	71	12	expenses	expense	NOUN
gujaf-35	71	13	have	have	VERB
gujaf-35	71	14	less	less	ADJ
gujaf-35	71	15	or	or	CCONJ
gujaf-35	71	16	no	no	PRON
gujaf-35	71	17	surplus	surplus	NOUN
gujaf-35	71	18	from	from	ADP
gujaf-35	71	19	internally	internally	ADV
gujaf-35	71	20	generated	generate	VERB
gujaf-35	71	21	funds	fund	NOUN
gujaf-35	71	22	to	to	PART
gujaf-35	71	23	invest	invest	VERB
gujaf-35	71	24	in	in	ADP
gujaf-35	71	25	liquid	liquid	ADJ
gujaf-35	71	26	asset	asset	NOUN
gujaf-35	71	27	reserves	reserve	NOUN
gujaf-35	71	28	,	,	PUNCT
gujaf-35	71	29	and	and	CCONJ
gujaf-35	71	30	hence	hence	ADV
gujaf-35	71	31	they	they	PRON
gujaf-35	71	32	hold	hold	VERB
gujaf-35	71	33	less	less	ADJ
gujaf-35	71	34	liquid	liquid	ADJ
gujaf-35	71	35	assets	asset	NOUN
gujaf-35	71	36	(	(	PUNCT
gujaf-35	71	37	opler	opler	NOUN
gujaf-35	71	38	et	et	PROPN
gujaf-35	71	39	al	al	PROPN
gujaf-35	71	40	.	.	PROPN
gujaf-35	71	41	,	,	PUNCT
gujaf-35	71	42	1999	1999	NUM
gujaf-35	71	43	)	)	PUNCT
gujaf-35	71	44	.	.	PUNCT
gujaf-35	72	1	in	in	ADP
gujaf-35	72	2	the	the	DET
gujaf-35	72	3	same	same	ADJ
gujaf-35	72	4	vein	vein	NOUN
gujaf-35	72	5	,	,	PUNCT
gujaf-35	72	6	bates	bates	PROPN
gujaf-35	72	7	et	et	PROPN
gujaf-35	72	8	al	al	PROPN
gujaf-35	72	9	.	.	PROPN
gujaf-35	73	1	(	(	PUNCT
gujaf-35	73	2	2009	2009	NUM
gujaf-35	73	3	)	)	PUNCT
gujaf-35	73	4	argue	argue	VERB
gujaf-35	73	5	that	that	SCONJ
gujaf-35	73	6	if	if	SCONJ
gujaf-35	73	7	capital	capital	NOUN
gujaf-35	73	8	expenditures	expenditure	NOUN
gujaf-35	73	9	create	create	VERB
gujaf-35	73	10	assets	asset	NOUN
gujaf-35	73	11	that	that	PRON
gujaf-35	73	12	can	can	AUX
gujaf-35	73	13	be	be	AUX
gujaf-35	73	14	used	use	VERB
gujaf-35	73	15	as	as	ADP
gujaf-35	73	16	collateral	collateral	NOUN
gujaf-35	73	17	,	,	PUNCT
gujaf-35	73	18	capital	capital	NOUN
gujaf-35	73	19	expenditures	expenditure	NOUN
gujaf-35	73	20	could	could	AUX
gujaf-35	73	21	increase	increase	VERB
gujaf-35	73	22	debt	debt	NOUN
gujaf-35	73	23	capacity	capacity	NOUN
gujaf-35	73	24	and	and	CCONJ
gujaf-35	73	25	reduce	reduce	VERB
gujaf-35	73	26	the	the	DET
gujaf-35	73	27	demand	demand	NOUN
gujaf-35	73	28	for	for	ADP
gujaf-35	73	29	cash	cash	NOUN
gujaf-35	73	30	.	.	PUNCT
gujaf-35	74	1	2.2	2.2	NUM
gujaf-35	74	2	recourse	recourse	NOUN
gujaf-35	74	3	dependence	dependence	NOUN
gujaf-35	74	4	theory	theory	NOUN
gujaf-35	74	5	resource	resource	NOUN
gujaf-35	74	6	dependence	dependence	NOUN
gujaf-35	74	7	theory	theory	NOUN
gujaf-35	74	8	(	(	PUNCT
gujaf-35	74	9	pfeffer	pfeffer	PROPN
gujaf-35	74	10	&	&	CCONJ
gujaf-35	74	11	salancik	salancik	PROPN
gujaf-35	74	12	,	,	PUNCT
gujaf-35	74	13	1978	1978	NUM
gujaf-35	74	14	)	)	PUNCT
gujaf-35	74	15	argues	argue	VERB
gujaf-35	74	16	that	that	SCONJ
gujaf-35	74	17	,	,	PUNCT
gujaf-35	74	18	to	to	PART
gujaf-35	74	19	survive	survive	VERB
gujaf-35	74	20	,	,	PUNCT
gujaf-35	74	21	businesses	business	NOUN
gujaf-35	74	22	depend	depend	VERB
gujaf-35	74	23	on	on	ADP
gujaf-35	74	24	three	three	NUM
gujaf-35	74	25	external	external	ADJ
gujaf-35	74	26	resources	resource	NOUN
gujaf-35	74	27	:	:	PUNCT
gujaf-35	74	28	advice	advice	NOUN
gujaf-35	74	29	and	and	CCONJ
gujaf-35	74	30	counsel	counsel	NOUN
gujaf-35	74	31	,	,	PUNCT
gujaf-35	74	32	legitimacy	legitimacy	NOUN
gujaf-35	74	33	,	,	PUNCT
gujaf-35	74	34	and	and	CCONJ
gujaf-35	74	35	communication	communication	NOUN
gujaf-35	74	36	.	.	PUNCT
gujaf-35	75	1	the	the	DET
gujaf-35	75	2	external	external	ADJ
gujaf-35	75	3	dependencies	dependency	NOUN
gujaf-35	75	4	posit	posit	VERB
gujaf-35	75	5	survival	survival	NOUN
gujaf-35	75	6	risks	risk	NOUN
gujaf-35	75	7	for	for	ADP
gujaf-35	75	8	businesses	business	NOUN
gujaf-35	75	9	.	.	PUNCT
gujaf-35	76	1	in	in	ADP
gujaf-35	76	2	order	order	NOUN
gujaf-35	76	3	to	to	PART
gujaf-35	76	4	reduce	reduce	VERB
gujaf-35	76	5	the	the	DET
gujaf-35	76	6	risks	risk	NOUN
gujaf-35	76	7	,	,	PUNCT
gujaf-35	76	8	resource	resource	NOUN
gujaf-35	76	9	dependence	dependence	NOUN
gujaf-35	76	10	theory	theory	NOUN
gujaf-35	76	11	offers	offer	VERB
gujaf-35	76	12	the	the	DET
gujaf-35	76	13	rationale	rationale	NOUN
gujaf-35	76	14	for	for	ADP
gujaf-35	76	15	the	the	DET
gujaf-35	76	16	board	board	NOUN
gujaf-35	76	17	’s	’s	PART
gujaf-35	76	18	role	role	NOUN
gujaf-35	76	19	in	in	ADP
gujaf-35	76	20	providing	provide	VERB
gujaf-35	76	21	critical	critical	ADJ
gujaf-35	76	22	resources	resource	NOUN
gujaf-35	76	23	and	and	CCONJ
gujaf-35	76	24	external	external	ADJ
gujaf-35	76	25	linkages	linkage	NOUN
gujaf-35	76	26	to	to	ADP
gujaf-35	76	27	the	the	DET
gujaf-35	76	28	firm	firm	NOUN
gujaf-35	76	29	.	.	PUNCT
gujaf-35	77	1	in	in	ADP
gujaf-35	77	2	this	this	DET
gujaf-35	77	3	context	context	NOUN
gujaf-35	77	4	,	,	PUNCT
gujaf-35	77	5	the	the	DET
gujaf-35	77	6	board	board	NOUN
gujaf-35	77	7	’s	’s	PART
gujaf-35	77	8	influence	influence	NOUN
gujaf-35	77	9	on	on	ADP
gujaf-35	77	10	cash	cash	NOUN
gujaf-35	77	11	-	-	PUNCT
gujaf-35	77	12	holding	hold	VERB
gujaf-35	77	13	decisions	decision	NOUN
gujaf-35	77	14	is	be	AUX
gujaf-35	77	15	gusau	gusau	ADJ
gujaf-35	77	16	journal	journal	NOUN
gujaf-35	77	17	of	of	ADP
gujaf-35	77	18	accounting	accounting	NOUN
gujaf-35	77	19	and	and	CCONJ
gujaf-35	77	20	finance	finance	NOUN
gujaf-35	77	21	,	,	PUNCT
gujaf-35	77	22	vol	vol	NOUN
gujaf-35	77	23	.	.	PUNCT
gujaf-35	78	1	i	i	PRON
gujaf-35	78	2	,	,	PUNCT
gujaf-35	78	3	issue	issue	NOUN
gujaf-35	78	4	2	2	NUM
gujaf-35	78	5	,	,	PUNCT
gujaf-35	78	6	october	october	PROPN
gujaf-35	78	7	,	,	PUNCT
gujaf-35	78	8	2020	2020	NUM
gujaf-35	78	9	6	6	NUM
gujaf-35	78	10	facilitated	facilitate	VERB
gujaf-35	78	11	by	by	ADP
gujaf-35	78	12	its	its	PRON
gujaf-35	78	13	support	support	NOUN
gujaf-35	78	14	and	and	CCONJ
gujaf-35	78	15	advisory	advisory	ADJ
gujaf-35	78	16	roles	role	NOUN
gujaf-35	78	17	as	as	SCONJ
gujaf-35	78	18	it	it	PRON
gujaf-35	78	19	requires	require	VERB
gujaf-35	78	20	counseling	counseling	NOUN
gujaf-35	78	21	of	of	ADP
gujaf-35	78	22	management	management	NOUN
gujaf-35	78	23	to	to	PART
gujaf-35	78	24	efficiently	efficiently	ADV
gujaf-35	78	25	deploy	deploy	VERB
gujaf-35	78	26	corporate	corporate	ADJ
gujaf-35	78	27	resources	resource	NOUN
gujaf-35	78	28	(	(	PUNCT
gujaf-35	78	29	hillman	hillman	PROPN
gujaf-35	78	30	&	&	CCONJ
gujaf-35	78	31	dalziel	dalziel	PROPN
gujaf-35	78	32	,	,	PUNCT
gujaf-35	78	33	2003	2003	NUM
gujaf-35	78	34	)	)	PUNCT
gujaf-35	78	35	.	.	PUNCT
gujaf-35	79	1	more	more	ADV
gujaf-35	79	2	specifically	specifically	ADV
gujaf-35	79	3	,	,	PUNCT
gujaf-35	79	4	a	a	DET
gujaf-35	79	5	corporate	corporate	ADJ
gujaf-35	79	6	board	board	NOUN
gujaf-35	79	7	necessarily	necessarily	ADV
gujaf-35	79	8	provides	provide	VERB
gujaf-35	79	9	a	a	DET
gujaf-35	79	10	strong	strong	ADJ
gujaf-35	79	11	foundation	foundation	NOUN
gujaf-35	79	12	in	in	ADP
gujaf-35	79	13	advisory	advisory	NOUN
gujaf-35	79	14	,	,	PUNCT
gujaf-35	79	15	serving	serve	VERB
gujaf-35	79	16	as	as	ADP
gujaf-35	79	17	a	a	DET
gujaf-35	79	18	checks	check	NOUN
gujaf-35	79	19	-	-	PUNCT
gujaf-35	79	20	and	and	CCONJ
gujaf-35	79	21	-	-	PUNCT
gujaf-35	79	22	balances	balance	NOUN
gujaf-35	79	23	mechanism	mechanism	NOUN
gujaf-35	79	24	to	to	PART
gujaf-35	79	25	ensure	ensure	VERB
gujaf-35	79	26	that	that	SCONJ
gujaf-35	79	27	management	management	NOUN
gujaf-35	79	28	acts	act	VERB
gujaf-35	79	29	in	in	ADP
gujaf-35	79	30	the	the	DET
gujaf-35	79	31	best	good	ADJ
gujaf-35	79	32	interests	interest	NOUN
gujaf-35	79	33	of	of	ADP
gujaf-35	79	34	shareholders	shareholder	NOUN
gujaf-35	79	35	(	(	PUNCT
gujaf-35	79	36	haniffa	haniffa	PROPN
gujaf-35	79	37	&	&	CCONJ
gujaf-35	79	38	cooke	cooke	PROPN
gujaf-35	79	39	,	,	PUNCT
gujaf-35	79	40	2005	2005	NUM
gujaf-35	79	41	)	)	PUNCT
gujaf-35	79	42	.	.	PUNCT
gujaf-35	80	1	around	around	ADP
gujaf-35	80	2	the	the	DET
gujaf-35	80	3	world	world	NOUN
gujaf-35	80	4	,	,	PUNCT
gujaf-35	80	5	to	to	PART
gujaf-35	80	6	protect	protect	VERB
gujaf-35	80	7	shareholder	shareholder	NOUN
gujaf-35	80	8	interests	interest	NOUN
gujaf-35	80	9	,	,	PUNCT
gujaf-35	80	10	corporate	corporate	ADJ
gujaf-35	80	11	governance	governance	NOUN
gujaf-35	80	12	codes	code	NOUN
gujaf-35	80	13	(	(	PUNCT
gujaf-35	80	14	e.g.	e.g.	ADV
gujaf-35	80	15	,	,	PUNCT
gujaf-35	80	16	the	the	DET
gujaf-35	80	17	sarbanes	sarbane	NOUN
gujaf-35	80	18	–	–	PUNCT
gujaf-35	80	19	oxley	oxley	ADJ
gujaf-35	80	20	act	act	NOUN
gujaf-35	80	21	in	in	ADP
gujaf-35	80	22	the	the	DET
gujaf-35	80	23	us	us	PROPN
gujaf-35	80	24	)	)	PUNCT
gujaf-35	80	25	require	require	VERB
gujaf-35	80	26	that	that	SCONJ
gujaf-35	80	27	a	a	DET
gujaf-35	80	28	board	board	NOUN
gujaf-35	80	29	should	should	AUX
gujaf-35	80	30	be	be	AUX
gujaf-35	80	31	largely	largely	ADV
gujaf-35	80	32	comprised	comprise	VERB
gujaf-35	80	33	of	of	ADP
gujaf-35	80	34	independent	independent	ADJ
gujaf-35	80	35	directors	director	NOUN
gujaf-35	80	36	.	.	PUNCT
gujaf-35	81	1	the	the	DET
gujaf-35	81	2	underlying	underlie	VERB
gujaf-35	81	3	concept	concept	NOUN
gujaf-35	81	4	is	be	AUX
gujaf-35	81	5	that	that	SCONJ
gujaf-35	81	6	the	the	DET
gujaf-35	81	7	independent	independent	ADJ
gujaf-35	81	8	advisory	advisory	NOUN
gujaf-35	81	9	of	of	ADP
gujaf-35	81	10	the	the	DET
gujaf-35	81	11	board	board	NOUN
gujaf-35	81	12	relies	rely	VERB
gujaf-35	81	13	on	on	ADP
gujaf-35	81	14	the	the	DET
gujaf-35	81	15	effectiveness	effectiveness	NOUN
gujaf-35	81	16	of	of	ADP
gujaf-35	81	17	the	the	DET
gujaf-35	81	18	independent	independent	ADJ
gujaf-35	81	19	directors	director	NOUN
gujaf-35	81	20	.	.	PUNCT
gujaf-35	82	1	a	a	DET
gujaf-35	82	2	board	board	NOUN
gujaf-35	82	3	with	with	ADP
gujaf-35	82	4	fewer	few	ADJ
gujaf-35	82	5	independent	independent	ADJ
gujaf-35	82	6	directors	director	NOUN
gujaf-35	82	7	should	should	AUX
gujaf-35	82	8	be	be	AUX
gujaf-35	82	9	viewed	view	VERB
gujaf-35	82	10	negatively	negatively	ADV
gujaf-35	82	11	by	by	ADP
gujaf-35	82	12	stakeholders	stakeholder	NOUN
gujaf-35	82	13	compared	compare	VERB
gujaf-35	82	14	with	with	ADP
gujaf-35	82	15	a	a	DET
gujaf-35	82	16	board	board	NOUN
gujaf-35	82	17	with	with	ADP
gujaf-35	82	18	more	more	ADV
gujaf-35	82	19	independent	independent	ADJ
gujaf-35	82	20	ones	one	NOUN
gujaf-35	82	21	.	.	PUNCT
gujaf-35	83	1	over	over	ADP
gujaf-35	83	2	time	time	NOUN
gujaf-35	83	3	,	,	PUNCT
gujaf-35	83	4	a	a	DET
gujaf-35	83	5	body	body	NOUN
gujaf-35	83	6	of	of	ADP
gujaf-35	83	7	literature	literature	NOUN
gujaf-35	83	8	examining	examine	VERB
gujaf-35	83	9	the	the	DET
gujaf-35	83	10	impact	impact	NOUN
gujaf-35	83	11	of	of	ADP
gujaf-35	83	12	board	board	NOUN
gujaf-35	83	13	independence	independence	NOUN
gujaf-35	83	14	and	and	CCONJ
gujaf-35	83	15	diversity	diversity	NOUN
gujaf-35	83	16	on	on	ADP
gujaf-35	83	17	various	various	ADJ
gujaf-35	83	18	firm	firm	ADJ
gujaf-35	83	19	-	-	PUNCT
gujaf-35	83	20	level	level	NOUN
gujaf-35	83	21	outcomes	outcome	NOUN
gujaf-35	83	22	(	(	PUNCT
gujaf-35	83	23	i.e.	i.e.	X
gujaf-35	83	24	,	,	PUNCT
gujaf-35	83	25	dividend	dividend	NOUN
gujaf-35	83	26	payout	payout	NOUN
gujaf-35	83	27	,	,	PUNCT
gujaf-35	83	28	firm	firm	ADJ
gujaf-35	83	29	performance	performance	NOUN
gujaf-35	83	30	)	)	PUNCT
gujaf-35	83	31	has	have	AUX
gujaf-35	83	32	provided	provide	VERB
gujaf-35	83	33	positive	positive	ADJ
gujaf-35	83	34	findings	finding	NOUN
gujaf-35	83	35	(	(	PUNCT
gujaf-35	83	36	e.g.	e.g.	ADV
gujaf-35	83	37	,	,	PUNCT
gujaf-35	83	38	brickley	brickley	ADJ
gujaf-35	83	39	,	,	PUNCT
gujaf-35	83	40	coles	cole	NOUN
gujaf-35	83	41	,	,	PUNCT
gujaf-35	83	42	&	&	CCONJ
gujaf-35	83	43	jarrell	jarrell	PROPN
gujaf-35	83	44	,	,	PUNCT
gujaf-35	83	45	1997	1997	NUM
gujaf-35	83	46	;	;	PUNCT
gujaf-35	83	47	chen	chen	PROPN
gujaf-35	83	48	leung	leung	PROPN
gujaf-35	83	49	&	&	CCONJ
gujaf-35	83	50	goergen	goergen	PROPN
gujaf-35	83	51	2017	2017	NUM
gujaf-35	83	52	;	;	PUNCT
gujaf-35	83	53	kim	kim	PROPN
gujaf-35	83	54	&	&	CCONJ
gujaf-35	83	55	lim	lim	PROPN
gujaf-35	83	56	,	,	PUNCT
gujaf-35	83	57	2010	2010	NUM
gujaf-35	83	58	;	;	PUNCT
gujaf-35	83	59	pombo	pombo	PROPN
gujaf-35	83	60	&	&	CCONJ
gujaf-35	83	61	gutiérrez	gutiérrez	PROPN
gujaf-35	83	62	,	,	PUNCT
gujaf-35	83	63	2011	2011	NUM
gujaf-35	83	64	)	)	PUNCT
gujaf-35	83	65	.	.	PUNCT
gujaf-35	84	1	therefore	therefore	ADV
gujaf-35	84	2	,	,	PUNCT
gujaf-35	84	3	stakeholders	stakeholder	NOUN
gujaf-35	84	4	may	may	AUX
gujaf-35	84	5	reasonably	reasonably	ADV
gujaf-35	84	6	suspect	suspect	VERB
gujaf-35	84	7	the	the	DET
gujaf-35	84	8	effectiveness	effectiveness	NOUN
gujaf-35	84	9	of	of	ADP
gujaf-35	84	10	the	the	DET
gujaf-35	84	11	board	board	NOUN
gujaf-35	84	12	if	if	SCONJ
gujaf-35	84	13	male	male	ADJ
gujaf-35	84	14	directors	director	NOUN
gujaf-35	84	15	(	(	PUNCT
gujaf-35	84	16	executive	executive	ADJ
gujaf-35	84	17	and	and	CCONJ
gujaf-35	84	18	independent	independent	ADJ
gujaf-35	84	19	directors	director	NOUN
gujaf-35	84	20	)	)	PUNCT
gujaf-35	84	21	dominate	dominate	VERB
gujaf-35	84	22	the	the	DET
gujaf-35	84	23	board	board	NOUN
gujaf-35	84	24	.	.	PUNCT
gujaf-35	85	1	on	on	ADP
gujaf-35	85	2	the	the	DET
gujaf-35	85	3	other	other	ADJ
gujaf-35	85	4	hand	hand	NOUN
gujaf-35	85	5	,	,	PUNCT
gujaf-35	85	6	the	the	DET
gujaf-35	85	7	presence	presence	NOUN
gujaf-35	85	8	of	of	ADP
gujaf-35	85	9	female	female	ADJ
gujaf-35	85	10	directors	director	NOUN
gujaf-35	85	11	on	on	ADP
gujaf-35	85	12	boards	board	NOUN
gujaf-35	85	13	provides	provide	VERB
gujaf-35	85	14	more	more	ADJ
gujaf-35	85	15	deliberation	deliberation	NOUN
gujaf-35	85	16	for	for	ADP
gujaf-35	85	17	quality	quality	NOUN
gujaf-35	85	18	decision	decision	NOUN
gujaf-35	85	19	-	-	PUNCT
gujaf-35	85	20	making	making	NOUN
gujaf-35	85	21	and	and	CCONJ
gujaf-35	85	22	avoids	avoid	VERB
gujaf-35	85	23	groupthink	groupthink	NOUN
gujaf-35	85	24	.	.	PUNCT
gujaf-35	86	1	for	for	ADP
gujaf-35	86	2	instance	instance	NOUN
gujaf-35	86	3	,	,	PUNCT
gujaf-35	86	4	terjesen	terjesen	PROPN
gujaf-35	86	5	,	,	PUNCT
gujaf-35	86	6	couto	couto	PROPN
gujaf-35	86	7	,	,	PUNCT
gujaf-35	86	8	and	and	CCONJ
gujaf-35	86	9	francisco	francisco	PROPN
gujaf-35	86	10	(	(	PUNCT
gujaf-35	86	11	2016	2016	NUM
gujaf-35	86	12	)	)	PUNCT
gujaf-35	86	13	document	document	NOUN
gujaf-35	86	14	that	that	PRON
gujaf-35	86	15	firms	firm	NOUN
gujaf-35	86	16	with	with	ADP
gujaf-35	86	17	more	more	ADJ
gujaf-35	86	18	female	female	ADJ
gujaf-35	86	19	directors	director	NOUN
gujaf-35	86	20	have	have	VERB
gujaf-35	86	21	better	well	ADJ
gujaf-35	86	22	firm	firm	ADJ
gujaf-35	86	23	performance	performance	NOUN
gujaf-35	86	24	.	.	PUNCT
gujaf-35	87	1	they	they	PRON
gujaf-35	87	2	further	far	ADV
gujaf-35	87	3	argue	argue	VERB
gujaf-35	87	4	that	that	SCONJ
gujaf-35	87	5	female	female	ADJ
gujaf-35	87	6	directors	director	NOUN
gujaf-35	87	7	on	on	ADP
gujaf-35	87	8	the	the	DET
gujaf-35	87	9	board	board	NOUN
gujaf-35	87	10	play	play	VERB
gujaf-35	87	11	a	a	DET
gujaf-35	87	12	different	different	ADJ
gujaf-35	87	13	role	role	NOUN
gujaf-35	87	14	than	than	ADP
gujaf-35	87	15	executive	executive	ADJ
gujaf-35	87	16	directors	director	NOUN
gujaf-35	87	17	.	.	PUNCT
gujaf-35	88	1	2.3	2.3	NUM
gujaf-35	88	2	agency	agency	NOUN
gujaf-35	88	3	problem	problem	NOUN
gujaf-35	88	4	and	and	CCONJ
gujaf-35	88	5	cash	cash	NOUN
gujaf-35	88	6	holding	hold	VERB
gujaf-35	88	7	the	the	DET
gujaf-35	88	8	motives	motive	NOUN
gujaf-35	88	9	for	for	ADP
gujaf-35	88	10	holding	hold	VERB
gujaf-35	88	11	cash	cash	NOUN
gujaf-35	88	12	are	be	AUX
gujaf-35	88	13	mainly	mainly	ADV
gujaf-35	88	14	categorized	categorize	VERB
gujaf-35	88	15	into	into	ADP
gujaf-35	88	16	operational	operational	ADJ
gujaf-35	88	17	requirements	requirement	NOUN
gujaf-35	88	18	and	and	CCONJ
gujaf-35	88	19	the	the	DET
gujaf-35	88	20	agency	agency	NOUN
gujaf-35	88	21	problem	problem	NOUN
gujaf-35	88	22	.	.	PUNCT
gujaf-35	89	1	the	the	DET
gujaf-35	89	2	operational	operational	ADJ
gujaf-35	89	3	requirements	requirement	NOUN
gujaf-35	89	4	for	for	ADP
gujaf-35	89	5	holding	hold	VERB
gujaf-35	89	6	cash	cash	NOUN
gujaf-35	89	7	,	,	PUNCT
gujaf-35	89	8	also	also	ADV
gujaf-35	89	9	known	know	VERB
gujaf-35	89	10	as	as	ADP
gujaf-35	89	11	the	the	DET
gujaf-35	89	12	precautionary	precautionary	ADJ
gujaf-35	89	13	motive	motive	NOUN
gujaf-35	89	14	,	,	PUNCT
gujaf-35	89	15	occur	occur	VERB
gujaf-35	89	16	when	when	SCONJ
gujaf-35	89	17	cash	cash	NOUN
gujaf-35	89	18	holdings	holding	NOUN
gujaf-35	89	19	are	be	AUX
gujaf-35	89	20	seen	see	VERB
gujaf-35	89	21	as	as	ADP
gujaf-35	89	22	a	a	DET
gujaf-35	89	23	means	mean	NOUN
gujaf-35	89	24	for	for	ADP
gujaf-35	89	25	saving	save	VERB
gujaf-35	89	26	transaction	transaction	NOUN
gujaf-35	89	27	costs	cost	NOUN
gujaf-35	89	28	and	and	CCONJ
gujaf-35	89	29	for	for	ADP
gujaf-35	89	30	shielding	shielding	NOUN
gujaf-35	89	31	against	against	ADP
gujaf-35	89	32	future	future	ADJ
gujaf-35	89	33	funding	funding	NOUN
gujaf-35	89	34	and	and	CCONJ
gujaf-35	89	35	underinvestment	underinvestment	ADJ
gujaf-35	89	36	risk	risk	NOUN
gujaf-35	89	37	(	(	PUNCT
gujaf-35	89	38	bates	bate	NOUN
gujaf-35	89	39	,	,	PUNCT
gujaf-35	89	40	kahle	kahle	PROPN
gujaf-35	89	41	,	,	PUNCT
gujaf-35	89	42	&	&	CCONJ
gujaf-35	89	43	stulz	stulz	ADJ
gujaf-35	89	44	,	,	PUNCT
gujaf-35	89	45	2009	2009	NUM
gujaf-35	89	46	;	;	PUNCT
gujaf-35	89	47	han	han	PROPN
gujaf-35	89	48	&	&	CCONJ
gujaf-35	89	49	qiu	qiu	PROPN
gujaf-35	89	50	,	,	PUNCT
gujaf-35	89	51	2007	2007	NUM
gujaf-35	89	52	)	)	PUNCT
gujaf-35	89	53	.	.	PUNCT
gujaf-35	90	1	the	the	DET
gujaf-35	90	2	agency	agency	NOUN
gujaf-35	90	3	problem	problem	NOUN
gujaf-35	90	4	,	,	PUNCT
gujaf-35	90	5	which	which	PRON
gujaf-35	90	6	causes	cause	VERB
gujaf-35	90	7	excessive	excessive	ADJ
gujaf-35	90	8	cash	cash	NOUN
gujaf-35	90	9	holdings	holding	NOUN
gujaf-35	90	10	,	,	PUNCT
gujaf-35	90	11	arises	arise	VERB
gujaf-35	90	12	due	due	ADP
gujaf-35	90	13	to	to	ADP
gujaf-35	90	14	the	the	DET
gujaf-35	90	15	separation	separation	NOUN
gujaf-35	90	16	of	of	ADP
gujaf-35	90	17	ownership	ownership	NOUN
gujaf-35	90	18	and	and	CCONJ
gujaf-35	90	19	control	control	NOUN
gujaf-35	90	20	of	of	ADP
gujaf-35	90	21	firms	firm	NOUN
gujaf-35	90	22	.	.	PUNCT
gujaf-35	91	1	the	the	DET
gujaf-35	91	2	liquid	liquid	ADJ
gujaf-35	91	3	asset	asset	NOUN
gujaf-35	91	4	(	(	PUNCT
gujaf-35	91	5	cash	cash	NOUN
gujaf-35	91	6	)	)	PUNCT
gujaf-35	91	7	provides	provide	VERB
gujaf-35	91	8	latitude	latitude	NOUN
gujaf-35	91	9	to	to	ADP
gujaf-35	91	10	managers	manager	NOUN
gujaf-35	91	11	in	in	ADP
gujaf-35	91	12	terms	term	NOUN
gujaf-35	91	13	of	of	ADP
gujaf-35	91	14	how	how	SCONJ
gujaf-35	91	15	and	and	CCONJ
gujaf-35	91	16	when	when	SCONJ
gujaf-35	91	17	to	to	PART
gujaf-35	91	18	spend	spend	VERB
gujaf-35	91	19	,	,	PUNCT
gujaf-35	91	20	which	which	PRON
gujaf-35	91	21	may	may	AUX
gujaf-35	91	22	also	also	ADV
gujaf-35	91	23	lead	lead	VERB
gujaf-35	91	24	to	to	ADP
gujaf-35	91	25	private	private	ADJ
gujaf-35	91	26	benefits	benefit	NOUN
gujaf-35	91	27	extraction	extraction	NOUN
gujaf-35	91	28	(	(	PUNCT
gujaf-35	91	29	jensen	jensen	PROPN
gujaf-35	91	30	,	,	PUNCT
gujaf-35	91	31	1986	1986	NUM
gujaf-35	91	32	;	;	PUNCT
gujaf-35	91	33	malmendier	malmendier	NOUN
gujaf-35	91	34	&	&	CCONJ
gujaf-35	91	35	tate	tate	PROPN
gujaf-35	91	36	,	,	PUNCT
gujaf-35	91	37	2008	2008	NUM
gujaf-35	91	38	;	;	PUNCT
gujaf-35	91	39	masulis	masulis	PROPN
gujaf-35	91	40	,	,	PUNCT
gujaf-35	91	41	wang	wang	PROPN
gujaf-35	91	42	,	,	PUNCT
gujaf-35	91	43	&	&	CCONJ
gujaf-35	91	44	xie	xie	PROPN
gujaf-35	91	45	,	,	PUNCT
gujaf-35	91	46	2009	2009	NUM
gujaf-35	91	47	)	)	PUNCT
gujaf-35	91	48	.	.	PUNCT
gujaf-35	92	1	managers	manager	NOUN
gujaf-35	92	2	maintain	maintain	VERB
gujaf-35	92	3	high	high	ADJ
gujaf-35	92	4	cash	cash	NOUN
gujaf-35	92	5	levels	level	NOUN
gujaf-35	92	6	to	to	PART
gujaf-35	92	7	safeguard	safeguard	VERB
gujaf-35	92	8	themselves	themselves	PRON
gujaf-35	92	9	against	against	ADP
gujaf-35	92	10	market	market	NOUN
gujaf-35	92	11	discipline	discipline	NOUN
gujaf-35	92	12	at	at	ADP
gujaf-35	92	13	the	the	DET
gujaf-35	92	14	expense	expense	NOUN
gujaf-35	92	15	of	of	ADP
gujaf-35	92	16	shareholders	shareholder	NOUN
gujaf-35	92	17	,	,	PUNCT
gujaf-35	92	18	and	and	CCONJ
gujaf-35	92	19	to	to	PART
gujaf-35	92	20	avoid	avoid	VERB
gujaf-35	92	21	external	external	ADJ
gujaf-35	92	22	scrutiny	scrutiny	NOUN
gujaf-35	92	23	by	by	ADP
gujaf-35	92	24	the	the	DET
gujaf-35	92	25	financial	financial	ADJ
gujaf-35	92	26	press	press	NOUN
gujaf-35	92	27	and	and	CCONJ
gujaf-35	92	28	analysts	analyst	NOUN
gujaf-35	92	29	.	.	PUNCT
gujaf-35	93	1	thus	thus	ADV
gujaf-35	93	2	,	,	PUNCT
gujaf-35	93	3	cash	cash	NOUN
gujaf-35	93	4	holdings	holding	NOUN
gujaf-35	93	5	driven	drive	VERB
gujaf-35	93	6	by	by	ADP
gujaf-35	93	7	the	the	DET
gujaf-35	93	8	gusau	gusau	ADJ
gujaf-35	93	9	journal	journal	NOUN
gujaf-35	93	10	of	of	ADP
gujaf-35	93	11	accounting	accounting	NOUN
gujaf-35	93	12	and	and	CCONJ
gujaf-35	93	13	finance	finance	NOUN
gujaf-35	93	14	,	,	PUNCT
gujaf-35	93	15	vol	vol	NOUN
gujaf-35	93	16	.	.	PUNCT
gujaf-35	94	1	i	i	PRON
gujaf-35	94	2	,	,	PUNCT
gujaf-35	94	3	issue	issue	NOUN
gujaf-35	94	4	2	2	NUM
gujaf-35	94	5	,	,	PUNCT
gujaf-35	94	6	october	october	PROPN
gujaf-35	94	7	,	,	PUNCT
gujaf-35	94	8	2020	2020	NUM
gujaf-35	94	9	7	7	NUM
gujaf-35	94	10	agency	agency	NOUN
gujaf-35	94	11	conflict	conflict	NOUN
gujaf-35	94	12	are	be	AUX
gujaf-35	94	13	a	a	DET
gujaf-35	94	14	problem	problem	NOUN
gujaf-35	94	15	for	for	ADP
gujaf-35	94	16	firms	firm	NOUN
gujaf-35	94	17	(	(	PUNCT
gujaf-35	94	18	la	la	INTJ
gujaf-35	94	19	porta	porta	NOUN
gujaf-35	94	20	,	,	PUNCT
gujaf-35	94	21	lopez	lopez	NOUN
gujaf-35	94	22	-	-	PUNCT
gujaf-35	94	23	de	de	NOUN
gujaf-35	94	24	-	-	NOUN
gujaf-35	94	25	silanes	silane	NOUN
gujaf-35	94	26	,	,	PUNCT
gujaf-35	94	27	shleifer	shleifer	NOUN
gujaf-35	94	28	,	,	PUNCT
gujaf-35	94	29	&	&	CCONJ
gujaf-35	94	30	vishny	vishny	PROPN
gujaf-35	94	31	,	,	PUNCT
gujaf-35	94	32	2000	2000	NUM
gujaf-35	94	33	)	)	PUNCT
gujaf-35	94	34	.	.	PUNCT
gujaf-35	95	1	the	the	DET
gujaf-35	95	2	potential	potential	ADJ
gujaf-35	95	3	solution	solution	NOUN
gujaf-35	95	4	to	to	ADP
gujaf-35	95	5	the	the	DET
gujaf-35	95	6	agency	agency	NOUN
gujaf-35	95	7	problem	problem	NOUN
gujaf-35	95	8	of	of	ADP
gujaf-35	95	9	excessive	excessive	ADJ
gujaf-35	95	10	cash	cash	NOUN
gujaf-35	95	11	holdings	holding	NOUN
gujaf-35	95	12	is	be	AUX
gujaf-35	95	13	efficient	efficient	ADJ
gujaf-35	95	14	monitoring	monitoring	NOUN
gujaf-35	95	15	by	by	ADP
gujaf-35	95	16	corporate	corporate	ADJ
gujaf-35	95	17	boards	board	NOUN
gujaf-35	95	18	(	(	PUNCT
gujaf-35	95	19	fama	fama	PROPN
gujaf-35	95	20	&	&	CCONJ
gujaf-35	95	21	jensen	jensen	PROPN
gujaf-35	95	22	,	,	PUNCT
gujaf-35	95	23	1983	1983	NUM
gujaf-35	95	24	)	)	PUNCT
gujaf-35	95	25	.	.	PUNCT
gujaf-35	96	1	fama	fama	PROPN
gujaf-35	96	2	(	(	PUNCT
gujaf-35	96	3	1980	1980	NUM
gujaf-35	96	4	)	)	PUNCT
gujaf-35	96	5	argues	argue	VERB
gujaf-35	96	6	that	that	SCONJ
gujaf-35	96	7	a	a	DET
gujaf-35	96	8	corporate	corporate	ADJ
gujaf-35	96	9	board	board	NOUN
gujaf-35	96	10	is	be	AUX
gujaf-35	96	11	an	an	DET
gujaf-35	96	12	integral	integral	ADJ
gujaf-35	96	13	control	control	NOUN
gujaf-35	96	14	mechanism	mechanism	NOUN
gujaf-35	96	15	to	to	PART
gujaf-35	96	16	safeguard	safeguard	VERB
gujaf-35	96	17	the	the	DET
gujaf-35	96	18	interests	interest	NOUN
gujaf-35	96	19	of	of	ADP
gujaf-35	96	20	shareholders	shareholder	NOUN
gujaf-35	96	21	.	.	PUNCT
gujaf-35	97	1	corporate	corporate	ADJ
gujaf-35	97	2	governance	governance	NOUN
gujaf-35	97	3	quality	quality	NOUN
gujaf-35	97	4	,	,	PUNCT
gujaf-35	97	5	through	through	ADP
gujaf-35	97	6	board	board	NOUN
gujaf-35	97	7	monitoring	monitoring	NOUN
gujaf-35	97	8	,	,	PUNCT
gujaf-35	97	9	impartial	impartial	ADJ
gujaf-35	97	10	advice	advice	NOUN
gujaf-35	97	11	and	and	CCONJ
gujaf-35	97	12	oversight	oversight	NOUN
gujaf-35	97	13	,	,	PUNCT
gujaf-35	97	14	plays	play	VERB
gujaf-35	97	15	a	a	DET
gujaf-35	97	16	seminal	seminal	ADJ
gujaf-35	97	17	role	role	NOUN
gujaf-35	97	18	in	in	ADP
gujaf-35	97	19	influencing	influence	VERB
gujaf-35	97	20	cash	cash	NOUN
gujaf-35	97	21	-	-	PUNCT
gujaf-35	97	22	holding	hold	VERB
gujaf-35	97	23	motives	motive	NOUN
gujaf-35	97	24	(	(	PUNCT
gujaf-35	97	25	see	see	VERB
gujaf-35	97	26	,	,	PUNCT
gujaf-35	97	27	dittmar	dittmar	PROPN
gujaf-35	97	28	&	&	CCONJ
gujaf-35	97	29	mahrt	mahrt	PROPN
gujaf-35	97	30	-	-	PUNCT
gujaf-35	97	31	smith	smith	PROPN
gujaf-35	97	32	,	,	PUNCT
gujaf-35	97	33	2003	2003	NUM
gujaf-35	97	34	;	;	PUNCT
gujaf-35	97	35	harford	harford	PROPN
gujaf-35	97	36	,	,	PUNCT
gujaf-35	97	37	ki	ki	PROPN
gujaf-35	97	38	&	&	CCONJ
gujaf-35	97	39	zhao	zhao	PROPN
gujaf-35	97	40	,	,	PUNCT
gujaf-35	97	41	2008	2008	NUM
gujaf-35	97	42	)	)	PUNCT
gujaf-35	97	43	.	.	PUNCT
gujaf-35	98	1	similarly	similarly	ADV
gujaf-35	98	2	,	,	PUNCT
gujaf-35	98	3	prior	prior	ADJ
gujaf-35	98	4	studies	study	NOUN
gujaf-35	98	5	(	(	PUNCT
gujaf-35	98	6	boubaker	boubaker	NOUN
gujaf-35	98	7	,	,	PUNCT
gujaf-35	98	8	derouiche	derouiche	NOUN
gujaf-35	98	9	,	,	PUNCT
gujaf-35	98	10	&	&	CCONJ
gujaf-35	98	11	nguyen	nguyen	PROPN
gujaf-35	98	12	,	,	PUNCT
gujaf-35	98	13	2015	2015	NUM
gujaf-35	98	14	)	)	PUNCT
gujaf-35	98	15	find	find	VERB
gujaf-35	98	16	that	that	SCONJ
gujaf-35	98	17	internal	internal	ADJ
gujaf-35	98	18	governance	governance	NOUN
gujaf-35	98	19	leads	lead	VERB
gujaf-35	98	20	to	to	ADP
gujaf-35	98	21	influencing	influence	VERB
gujaf-35	98	22	firm	firm	ADJ
gujaf-35	98	23	cash	cash	NOUN
gujaf-35	98	24	holdings	holding	NOUN
gujaf-35	98	25	and	and	CCONJ
gujaf-35	98	26	managerial	managerial	ADJ
gujaf-35	98	27	decision	decision	NOUN
gujaf-35	98	28	-	-	PUNCT
gujaf-35	98	29	making	making	NOUN
gujaf-35	98	30	.	.	PUNCT
gujaf-35	99	1	these	these	DET
gujaf-35	99	2	studies	study	NOUN
gujaf-35	99	3	concur	concur	VERB
gujaf-35	99	4	that	that	SCONJ
gujaf-35	99	5	well	well	ADV
gujaf-35	99	6	-	-	PUNCT
gujaf-35	99	7	structured	structure	VERB
gujaf-35	99	8	boards	board	NOUN
gujaf-35	99	9	reduce	reduce	VERB
gujaf-35	99	10	the	the	DET
gujaf-35	99	11	agency	agency	NOUN
gujaf-35	99	12	problem	problem	NOUN
gujaf-35	99	13	.	.	PUNCT
gujaf-35	100	1	hence	hence	ADV
gujaf-35	100	2	,	,	PUNCT
gujaf-35	100	3	the	the	DET
gujaf-35	100	4	monitoring	monitoring	NOUN
gujaf-35	100	5	function	function	NOUN
gujaf-35	100	6	of	of	ADP
gujaf-35	100	7	corporate	corporate	ADJ
gujaf-35	100	8	boards	board	NOUN
gujaf-35	100	9	plays	play	VERB
gujaf-35	100	10	a	a	DET
gujaf-35	100	11	critical	critical	ADJ
gujaf-35	100	12	role	role	NOUN
gujaf-35	100	13	in	in	ADP
gujaf-35	100	14	mitigating	mitigate	VERB
gujaf-35	100	15	the	the	DET
gujaf-35	100	16	agency	agency	NOUN
gujaf-35	100	17	problem	problem	NOUN
gujaf-35	100	18	of	of	ADP
gujaf-35	100	19	cash	cash	NOUN
gujaf-35	100	20	holdings	holding	NOUN
gujaf-35	100	21	.	.	PUNCT
gujaf-35	101	1	empirical	empirical	ADJ
gujaf-35	101	2	studies	study	NOUN
gujaf-35	101	3	on	on	ADP
gujaf-35	101	4	gender	gender	NOUN
gujaf-35	101	5	diverse	diverse	ADJ
gujaf-35	101	6	boards	board	NOUN
gujaf-35	101	7	concur	concur	VERB
gujaf-35	101	8	that	that	SCONJ
gujaf-35	101	9	female	female	ADJ
gujaf-35	101	10	director	director	NOUN
gujaf-35	101	11	’s	’s	PART
gujaf-35	101	12	monitor	monitor	NOUN
gujaf-35	101	13	more	more	ADV
gujaf-35	101	14	actively	actively	ADV
gujaf-35	101	15	and	and	CCONJ
gujaf-35	101	16	require	require	VERB
gujaf-35	101	17	accountability	accountability	NOUN
gujaf-35	101	18	.	.	PUNCT
gujaf-35	102	1	for	for	ADP
gujaf-35	102	2	instance	instance	NOUN
gujaf-35	102	3	,	,	PUNCT
gujaf-35	102	4	gul	gul	PROPN
gujaf-35	102	5	,	,	PUNCT
gujaf-35	102	6	srinidhi	srinidhi	NOUN
gujaf-35	102	7	and	and	CCONJ
gujaf-35	102	8	ng	ng	PROPN
gujaf-35	102	9	(	(	PUNCT
gujaf-35	102	10	2011	2011	NUM
gujaf-35	102	11	)	)	PUNCT
gujaf-35	102	12	,	,	PUNCT
gujaf-35	102	13	and	and	CCONJ
gujaf-35	102	14	adams	adams	PROPN
gujaf-35	102	15	and	and	CCONJ
gujaf-35	102	16	ferreira	ferreira	PROPN
gujaf-35	102	17	(	(	PUNCT
gujaf-35	102	18	2009	2009	NUM
gujaf-35	102	19	)	)	PUNCT
gujaf-35	102	20	find	find	VERB
gujaf-35	102	21	that	that	SCONJ
gujaf-35	102	22	female	female	ADJ
gujaf-35	102	23	directors	director	NOUN
gujaf-35	102	24	want	want	VERB
gujaf-35	102	25	more	more	ADJ
gujaf-35	102	26	accountability	accountability	NOUN
gujaf-35	102	27	and	and	CCONJ
gujaf-35	102	28	greater	great	ADJ
gujaf-35	102	29	audit	audit	NOUN
gujaf-35	102	30	fairness	fairness	NOUN
gujaf-35	102	31	in	in	ADP
gujaf-35	102	32	firms	firm	NOUN
gujaf-35	102	33	;	;	PUNCT
gujaf-35	102	34	thus	thus	ADV
gujaf-35	102	35	women	woman	NOUN
gujaf-35	102	36	on	on	ADP
gujaf-35	102	37	boards	board	NOUN
gujaf-35	102	38	are	be	AUX
gujaf-35	102	39	tough	tough	ADJ
gujaf-35	102	40	monitors	monitor	NOUN
gujaf-35	102	41	(	(	PUNCT
gujaf-35	102	42	chen	chen	PROPN
gujaf-35	102	43	et	et	PROPN
gujaf-35	102	44	al	al	PROPN
gujaf-35	102	45	.	.	PROPN
gujaf-35	102	46	,	,	PUNCT
gujaf-35	102	47	2017	2017	NUM
gujaf-35	102	48	)	)	PUNCT
gujaf-35	102	49	.	.	PUNCT
gujaf-35	103	1	gender	gender	NOUN
gujaf-35	103	2	diverse	diverse	ADJ
gujaf-35	103	3	boards	board	NOUN
gujaf-35	103	4	also	also	ADV
gujaf-35	103	5	help	help	VERB
gujaf-35	103	6	to	to	PART
gujaf-35	103	7	avoid	avoid	VERB
gujaf-35	103	8	groupthink	groupthink	NOUN
gujaf-35	103	9	in	in	ADP
gujaf-35	103	10	corporate	corporate	ADJ
gujaf-35	103	11	boards	board	NOUN
gujaf-35	103	12	,	,	PUNCT
gujaf-35	103	13	thereby	thereby	ADV
gujaf-35	103	14	improving	improve	VERB
gujaf-35	103	15	the	the	DET
gujaf-35	103	16	quality	quality	NOUN
gujaf-35	103	17	of	of	ADP
gujaf-35	103	18	competitive	competitive	ADJ
gujaf-35	103	19	discussion	discussion	NOUN
gujaf-35	103	20	among	among	ADP
gujaf-35	103	21	board	board	NOUN
gujaf-35	103	22	members	member	NOUN
gujaf-35	103	23	(	(	PUNCT
gujaf-35	103	24	gul	gul	PROPN
gujaf-35	103	25	et	et	PROPN
gujaf-35	103	26	al	al	PROPN
gujaf-35	103	27	.	.	PROPN
gujaf-35	103	28	,	,	PUNCT
gujaf-35	103	29	2011	2011	NUM
gujaf-35	103	30	)	)	PUNCT
gujaf-35	103	31	,	,	PUNCT
gujaf-35	103	32	which	which	PRON
gujaf-35	103	33	leads	lead	VERB
gujaf-35	103	34	to	to	ADP
gujaf-35	103	35	optimal	optimal	ADJ
gujaf-35	103	36	decisionmaking	decisionmaking	NOUN
gujaf-35	103	37	.	.	PUNCT
gujaf-35	104	1	in	in	ADP
gujaf-35	104	2	the	the	DET
gujaf-35	104	3	same	same	ADJ
gujaf-35	104	4	vein	vein	NOUN
gujaf-35	104	5	,	,	PUNCT
gujaf-35	104	6	attributes	attribute	VERB
gujaf-35	104	7	such	such	ADJ
gujaf-35	104	8	as	as	ADP
gujaf-35	104	9	monitoring	monitoring	NOUN
gujaf-35	104	10	and	and	CCONJ
gujaf-35	104	11	fairness	fairness	NOUN
gujaf-35	104	12	can	can	AUX
gujaf-35	104	13	be	be	AUX
gujaf-35	104	14	traced	trace	VERB
gujaf-35	104	15	back	back	ADV
gujaf-35	104	16	to	to	ADP
gujaf-35	104	17	women	woman	NOUN
gujaf-35	104	18	’s	’s	PART
gujaf-35	104	19	democratic	democratic	ADJ
gujaf-35	104	20	and	and	CCONJ
gujaf-35	104	21	better	well	ADJ
gujaf-35	104	22	leadership	leadership	NOUN
gujaf-35	104	23	skills	skill	NOUN
gujaf-35	104	24	(	(	PUNCT
gujaf-35	104	25	johnson	johnson	PROPN
gujaf-35	104	26	&	&	CCONJ
gujaf-35	104	27	eagly	eagly	ADV
gujaf-35	104	28	,	,	PUNCT
gujaf-35	104	29	1990	1990	NUM
gujaf-35	104	30	)	)	PUNCT
gujaf-35	104	31	.	.	PUNCT
gujaf-35	105	1	their	their	PRON
gujaf-35	105	2	ability	ability	NOUN
gujaf-35	105	3	for	for	ADP
gujaf-35	105	4	high	high	ADJ
gujaf-35	105	5	-	-	PUNCT
gujaf-35	105	6	quality	quality	NOUN
gujaf-35	105	7	deliberations	deliberation	NOUN
gujaf-35	105	8	lies	lie	VERB
gujaf-35	105	9	in	in	ADP
gujaf-35	105	10	their	their	PRON
gujaf-35	105	11	diverse	diverse	ADJ
gujaf-35	105	12	experiences	experience	NOUN
gujaf-35	105	13	and	and	CCONJ
gujaf-35	105	14	unique	unique	ADJ
gujaf-35	105	15	workstyle	workstyle	NOUN
gujaf-35	105	16	(	(	PUNCT
gujaf-35	105	17	cox	cox	PROPN
gujaf-35	105	18	,	,	PUNCT
gujaf-35	105	19	1994	1994	NUM
gujaf-35	105	20	;	;	PUNCT
gujaf-35	105	21	daily	daily	PROPN
gujaf-35	105	22	&	&	CCONJ
gujaf-35	105	23	dalton	dalton	PROPN
gujaf-35	105	24	,	,	PUNCT
gujaf-35	105	25	2003	2003	NUM
gujaf-35	105	26	)	)	PUNCT
gujaf-35	105	27	.	.	PUNCT
gujaf-35	106	1	huang	huang	PROPN
gujaf-35	106	2	and	and	CCONJ
gujaf-35	106	3	kisgen	kisgen	PROPN
gujaf-35	106	4	,	,	PUNCT
gujaf-35	106	5	(	(	PUNCT
gujaf-35	106	6	2013	2013	NUM
gujaf-35	106	7	)	)	PUNCT
gujaf-35	106	8	investigate	investigate	VERB
gujaf-35	106	9	the	the	DET
gujaf-35	106	10	different	different	ADJ
gujaf-35	106	11	decisions	decision	NOUN
gujaf-35	106	12	in	in	ADP
gujaf-35	106	13	investment	investment	NOUN
gujaf-35	106	14	and	and	CCONJ
gujaf-35	106	15	financial	financial	ADJ
gujaf-35	106	16	issues	issue	NOUN
gujaf-35	106	17	between	between	ADP
gujaf-35	106	18	female	female	ADJ
gujaf-35	106	19	executives	executive	NOUN
gujaf-35	106	20	compared	compare	VERB
gujaf-35	106	21	with	with	ADP
gujaf-35	106	22	male	male	ADJ
gujaf-35	106	23	executives	executive	NOUN
gujaf-35	106	24	.	.	PUNCT
gujaf-35	107	1	moreover	moreover	ADV
gujaf-35	107	2	,	,	PUNCT
gujaf-35	107	3	female	female	ADJ
gujaf-35	107	4	executives	executive	NOUN
gujaf-35	107	5	issue	issue	VERB
gujaf-35	107	6	less	less	ADJ
gujaf-35	107	7	debt	debt	NOUN
gujaf-35	107	8	than	than	ADP
gujaf-35	107	9	male	male	ADJ
gujaf-35	107	10	executives	executive	NOUN
gujaf-35	107	11	.	.	PUNCT
gujaf-35	108	1	likewise	likewise	ADV
gujaf-35	108	2	,	,	PUNCT
gujaf-35	108	3	duong	duong	PROPN
gujaf-35	108	4	and	and	CCONJ
gujaf-35	108	5	evans	evans	PROPN
gujaf-35	108	6	(	(	PUNCT
gujaf-35	108	7	2016	2016	NUM
gujaf-35	108	8	)	)	PUNCT
gujaf-35	108	9	indicate	indicate	VERB
gujaf-35	108	10	that	that	SCONJ
gujaf-35	108	11	female	female	ADJ
gujaf-35	108	12	managers	manager	NOUN
gujaf-35	108	13	prefer	prefer	VERB
gujaf-35	108	14	keeping	keep	VERB
gujaf-35	108	15	cash	cash	NOUN
gujaf-35	108	16	than	than	ADP
gujaf-35	108	17	male	male	NOUN
gujaf-35	108	18	.	.	PUNCT
gujaf-35	109	1	hence	hence	ADV
gujaf-35	109	2	,	,	PUNCT
gujaf-35	109	3	female	female	ADJ
gujaf-35	109	4	directors	director	NOUN
gujaf-35	109	5	enhance	enhance	VERB
gujaf-35	109	6	board	board	NOUN
gujaf-35	109	7	capabilities	capability	NOUN
gujaf-35	109	8	in	in	ADP
gujaf-35	109	9	effectively	effectively	ADV
gujaf-35	109	10	performing	perform	VERB
gujaf-35	109	11	monitoring	monitoring	NOUN
gujaf-35	109	12	duties	duty	NOUN
gujaf-35	109	13	.	.	PUNCT
gujaf-35	110	1	in	in	ADP
gujaf-35	110	2	the	the	DET
gujaf-35	110	3	context	context	NOUN
gujaf-35	110	4	of	of	ADP
gujaf-35	110	5	concentrated	concentrated	ADJ
gujaf-35	110	6	ownership	ownership	NOUN
gujaf-35	110	7	,	,	PUNCT
gujaf-35	110	8	the	the	DET
gujaf-35	110	9	presence	presence	NOUN
gujaf-35	110	10	of	of	ADP
gujaf-35	110	11	independent	independent	ADJ
gujaf-35	110	12	directors	director	NOUN
gujaf-35	110	13	can	can	AUX
gujaf-35	110	14	strengthen	strengthen	VERB
gujaf-35	110	15	the	the	DET
gujaf-35	110	16	protection	protection	NOUN
gujaf-35	110	17	of	of	ADP
gujaf-35	110	18	minority	minority	NOUN
gujaf-35	110	19	shareholders	shareholder	NOUN
gujaf-35	110	20	,	,	PUNCT
gujaf-35	110	21	who	who	PRON
gujaf-35	110	22	have	have	VERB
gujaf-35	110	23	virtually	virtually	ADV
gujaf-35	110	24	no	no	DET
gujaf-35	110	25	means	mean	NOUN
gujaf-35	110	26	of	of	ADP
gujaf-35	110	27	control	control	NOUN
gujaf-35	110	28	over	over	ADP
gujaf-35	110	29	the	the	DET
gujaf-35	110	30	firm	firm	NOUN
gujaf-35	110	31	(	(	PUNCT
gujaf-35	110	32	kim	kim	PROPN
gujaf-35	110	33	et	et	PROPN
gujaf-35	110	34	al	al	PROPN
gujaf-35	110	35	.	.	PROPN
gujaf-35	110	36	2007	2007	NUM
gujaf-35	110	37	)	)	PUNCT
gujaf-35	110	38	.	.	PUNCT
gujaf-35	111	1	in	in	ADP
gujaf-35	111	2	this	this	DET
gujaf-35	111	3	sense	sense	NOUN
gujaf-35	111	4	,	,	PUNCT
gujaf-35	111	5	dahya	dahya	PROPN
gujaf-35	111	6	,	,	PUNCT
gujaf-35	111	7	dimitrov	dimitrov	PROPN
gujaf-35	111	8	&	&	CCONJ
gujaf-35	111	9	mcconnell	mcconnell	PROPN
gujaf-35	111	10	(	(	PUNCT
gujaf-35	111	11	2008	2008	NUM
gujaf-35	111	12	)	)	PUNCT
gujaf-35	111	13	,	,	PUNCT
gujaf-35	111	14	argue	argue	VERB
gujaf-35	111	15	that	that	SCONJ
gujaf-35	111	16	independent	independent	ADJ
gujaf-35	111	17	boards	board	NOUN
gujaf-35	111	18	are	be	AUX
gujaf-35	111	19	particularly	particularly	ADV
gujaf-35	111	20	effective	effective	ADJ
gujaf-35	111	21	in	in	ADP
gujaf-35	111	22	environments	environment	NOUN
gujaf-35	111	23	where	where	SCONJ
gujaf-35	111	24	the	the	DET
gujaf-35	111	25	risk	risk	NOUN
gujaf-35	111	26	of	of	ADP
gujaf-35	111	27	expropriating	expropriate	VERB
gujaf-35	111	28	outside	outside	ADJ
gujaf-35	111	29	investors	investor	NOUN
gujaf-35	111	30	is	be	AUX
gujaf-35	111	31	greater	great	ADJ
gujaf-35	111	32	.	.	PUNCT
gujaf-35	112	1	gusau	gusau	ADJ
gujaf-35	112	2	journal	journal	PROPN
gujaf-35	112	3	of	of	ADP
gujaf-35	112	4	accounting	accounting	NOUN
gujaf-35	112	5	and	and	CCONJ
gujaf-35	112	6	finance	finance	NOUN
gujaf-35	112	7	,	,	PUNCT
gujaf-35	112	8	vol	vol	NOUN
gujaf-35	112	9	.	.	PUNCT
gujaf-35	113	1	i	i	PRON
gujaf-35	113	2	,	,	PUNCT
gujaf-35	113	3	issue	issue	NOUN
gujaf-35	113	4	2	2	NUM
gujaf-35	113	5	,	,	PUNCT
gujaf-35	113	6	october	october	PROPN
gujaf-35	113	7	,	,	PUNCT
gujaf-35	113	8	2020	2020	NUM
gujaf-35	113	9	8	8	NUM
gujaf-35	113	10	controlling	control	VERB
gujaf-35	113	11	shareholders	shareholder	NOUN
gujaf-35	113	12	should	should	AUX
gujaf-35	113	13	be	be	AUX
gujaf-35	113	14	less	less	ADV
gujaf-35	113	15	reluctant	reluctant	ADJ
gujaf-35	113	16	to	to	PART
gujaf-35	113	17	reinforce	reinforce	VERB
gujaf-35	113	18	board	board	NOUN
gujaf-35	113	19	independence	independence	NOUN
gujaf-35	113	20	and	and	CCONJ
gujaf-35	113	21	are	be	AUX
gujaf-35	113	22	therefore	therefore	ADV
gujaf-35	113	23	more	more	ADV
gujaf-35	113	24	likely	likely	ADJ
gujaf-35	113	25	to	to	PART
gujaf-35	113	26	increase	increase	VERB
gujaf-35	113	27	their	their	PRON
gujaf-35	113	28	representation	representation	NOUN
gujaf-35	113	29	in	in	ADP
gujaf-35	113	30	the	the	DET
gujaf-35	113	31	boardroom	boardroom	NOUN
gujaf-35	113	32	(	(	PUNCT
gujaf-35	113	33	anderson	anderson	PROPN
gujaf-35	113	34	and	and	CCONJ
gujaf-35	113	35	reeb	reeb	NOUN
gujaf-35	113	36	2004	2004	NUM
gujaf-35	113	37	)	)	PUNCT
gujaf-35	113	38	.	.	PUNCT
gujaf-35	114	1	in	in	ADP
gujaf-35	114	2	this	this	DET
gujaf-35	114	3	regard	regard	NOUN
gujaf-35	114	4	,	,	PUNCT
gujaf-35	114	5	yeh	yeh	PROPN
gujaf-35	114	6	and	and	CCONJ
gujaf-35	114	7	woidtke	woidtke	PROPN
gujaf-35	114	8	(	(	PUNCT
gujaf-35	114	9	2005	2005	NUM
gujaf-35	114	10	)	)	PUNCT
gujaf-35	114	11	show	show	VERB
gujaf-35	114	12	that	that	SCONJ
gujaf-35	114	13	firm	firm	ADJ
gujaf-35	114	14	value	value	NOUN
gujaf-35	114	15	decreases	decrease	VERB
gujaf-35	114	16	with	with	ADP
gujaf-35	114	17	the	the	DET
gujaf-35	114	18	proportion	proportion	NOUN
gujaf-35	114	19	of	of	ADP
gujaf-35	114	20	directors	director	NOUN
gujaf-35	114	21	representing	represent	VERB
gujaf-35	114	22	the	the	DET
gujaf-35	114	23	interests	interest	NOUN
gujaf-35	114	24	of	of	ADP
gujaf-35	114	25	controlling	control	VERB
gujaf-35	114	26	shareholders	shareholder	NOUN
gujaf-35	114	27	of	of	ADP
gujaf-35	114	28	taiwanese	taiwanese	ADJ
gujaf-35	114	29	firms	firm	NOUN
gujaf-35	114	30	.	.	PUNCT
gujaf-35	115	1	sheikh	sheikh	NOUN
gujaf-35	115	2	and	and	CCONJ
gujaf-35	115	3	khan	khan	PROPN
gujaf-35	115	4	(	(	PUNCT
gujaf-35	115	5	2015	2015	NUM
gujaf-35	115	6	)	)	PUNCT
gujaf-35	115	7	,	,	PUNCT
gujaf-35	115	8	investigated	investigate	VERB
gujaf-35	115	9	the	the	DET
gujaf-35	115	10	impact	impact	NOUN
gujaf-35	115	11	of	of	ADP
gujaf-35	115	12	board	board	NOUN
gujaf-35	115	13	attributes	attribute	NOUN
gujaf-35	115	14	and	and	CCONJ
gujaf-35	115	15	insider	insider	NOUN
gujaf-35	115	16	ownership	ownership	NOUN
gujaf-35	115	17	on	on	ADP
gujaf-35	115	18	cash	cash	NOUN
gujaf-35	115	19	holdings	holding	NOUN
gujaf-35	115	20	of	of	ADP
gujaf-35	115	21	non	non	ADJ
gujaf-35	115	22	-	-	ADJ
gujaf-35	115	23	financial	financial	ADJ
gujaf-35	115	24	firms	firm	NOUN
gujaf-35	115	25	listed	list	VERB
gujaf-35	115	26	on	on	ADP
gujaf-35	115	27	karachi	karachi	PROPN
gujaf-35	115	28	stock	stock	PROPN
gujaf-35	115	29	exchange	exchange	PROPN
gujaf-35	115	30	(	(	PUNCT
gujaf-35	115	31	kse	kse	PROPN
gujaf-35	115	32	)	)	PUNCT
gujaf-35	115	33	pakistan	pakistan	PROPN
gujaf-35	115	34	during	during	ADP
gujaf-35	115	35	2008	2008	NUM
gujaf-35	115	36	-	-	SYM
gujaf-35	115	37	2012	2012	NUM
gujaf-35	115	38	.	.	PUNCT
gujaf-35	116	1	empirical	empirical	ADJ
gujaf-35	116	2	results	result	NOUN
gujaf-35	116	3	indicate	indicate	VERB
gujaf-35	116	4	that	that	PRON
gujaf-35	116	5	board	board	NOUN
gujaf-35	116	6	attributes	attribute	VERB
gujaf-35	116	7	such	such	ADJ
gujaf-35	116	8	as	as	ADP
gujaf-35	116	9	ceo	ceo	NOUN
gujaf-35	116	10	duality	duality	NOUN
gujaf-35	116	11	,	,	PUNCT
gujaf-35	116	12	board	board	NOUN
gujaf-35	116	13	size	size	NOUN
gujaf-35	116	14	and	and	CCONJ
gujaf-35	116	15	board	board	NOUN
gujaf-35	116	16	independence	independence	NOUN
gujaf-35	116	17	are	be	AUX
gujaf-35	116	18	positively	positively	ADV
gujaf-35	116	19	related	relate	VERB
gujaf-35	116	20	to	to	ADP
gujaf-35	116	21	cash	cash	NOUN
gujaf-35	116	22	holdings	holding	NOUN
gujaf-35	116	23	.	.	PUNCT
gujaf-35	117	1	in	in	ADP
gujaf-35	117	2	contrast	contrast	NOUN
gujaf-35	117	3	,	,	PUNCT
gujaf-35	117	4	boubaker	boubaker	NOUN
gujaf-35	117	5	et	et	PROPN
gujaf-35	117	6	al	al	PROPN
gujaf-35	117	7	.	.	PROPN
gujaf-35	117	8	,	,	PUNCT
gujaf-35	117	9	(	(	PUNCT
gujaf-35	117	10	2015	2015	NUM
gujaf-35	117	11	)	)	PUNCT
gujaf-35	117	12	found	find	VERB
gujaf-35	117	13	that	that	SCONJ
gujaf-35	117	14	adoption	adoption	NOUN
gujaf-35	117	15	of	of	ADP
gujaf-35	117	16	a	a	DET
gujaf-35	117	17	two	two	NUM
gujaf-35	117	18	-	-	PUNCT
gujaf-35	117	19	tier	tier	NOUN
gujaf-35	117	20	board	board	NOUN
gujaf-35	117	21	system	system	NOUN
gujaf-35	117	22	is	be	AUX
gujaf-35	117	23	accompanied	accompany	VERB
gujaf-35	117	24	by	by	ADP
gujaf-35	117	25	fewer	few	ADJ
gujaf-35	117	26	cash	cash	NOUN
gujaf-35	117	27	holdings	holding	NOUN
gujaf-35	117	28	,	,	PUNCT
gujaf-35	117	29	whereas	whereas	SCONJ
gujaf-35	117	30	firms	firm	NOUN
gujaf-35	117	31	with	with	ADP
gujaf-35	117	32	more	more	ADV
gujaf-35	117	33	independent	independent	ADJ
gujaf-35	117	34	and	and	CCONJ
gujaf-35	117	35	busier	busy	ADJ
gujaf-35	117	36	directors	director	NOUN
gujaf-35	117	37	on	on	ADP
gujaf-35	117	38	the	the	DET
gujaf-35	117	39	board	board	NOUN
gujaf-35	117	40	tend	tend	VERB
gujaf-35	117	41	to	to	PART
gujaf-35	117	42	hold	hold	VERB
gujaf-35	117	43	lower	low	ADJ
gujaf-35	117	44	cash	cash	NOUN
gujaf-35	117	45	levels	level	NOUN
gujaf-35	117	46	.	.	PUNCT
gujaf-35	118	1	hence	hence	ADV
gujaf-35	118	2	,	,	PUNCT
gujaf-35	118	3	based	base	VERB
gujaf-35	118	4	on	on	ADP
gujaf-35	118	5	the	the	DET
gujaf-35	118	6	previous	previous	ADJ
gujaf-35	118	7	discussions	discussion	NOUN
gujaf-35	118	8	,	,	PUNCT
gujaf-35	118	9	our	our	PRON
gujaf-35	118	10	hypotheses	hypothesis	NOUN
gujaf-35	118	11	are	be	AUX
gujaf-35	118	12	stated	state	VERB
gujaf-35	118	13	as	as	SCONJ
gujaf-35	118	14	follows	follow	VERB
gujaf-35	118	15	:	:	PUNCT
gujaf-35	118	16	h1	h1	VERB
gujaf-35	118	17	independence	independence	NOUN
gujaf-35	118	18	of	of	ADP
gujaf-35	118	19	the	the	DET
gujaf-35	118	20	board	board	NOUN
gujaf-35	118	21	of	of	ADP
gujaf-35	118	22	directors	director	NOUN
gujaf-35	118	23	has	have	VERB
gujaf-35	118	24	no	no	DET
gujaf-35	118	25	significant	significant	ADJ
gujaf-35	118	26	effect	effect	NOUN
gujaf-35	118	27	on	on	ADP
gujaf-35	118	28	corporate	corporate	ADJ
gujaf-35	118	29	cash	cash	NOUN
gujaf-35	118	30	holding	hold	VERB
gujaf-35	118	31	listed	list	VERB
gujaf-35	118	32	manufacturing	manufacturing	NOUN
gujaf-35	118	33	firms	firm	NOUN
gujaf-35	118	34	in	in	ADP
gujaf-35	118	35	nigeria	nigeria	PROPN
gujaf-35	118	36	h2	h2	PROPN
gujaf-35	118	37	female	female	ADJ
gujaf-35	118	38	leadership	leadership	NOUN
gujaf-35	118	39	has	have	VERB
gujaf-35	118	40	no	no	DET
gujaf-35	118	41	significant	significant	ADJ
gujaf-35	118	42	effect	effect	NOUN
gujaf-35	118	43	on	on	ADP
gujaf-35	118	44	corporate	corporate	ADJ
gujaf-35	118	45	cash	cash	NOUN
gujaf-35	118	46	holding	hold	VERB
gujaf-35	118	47	listed	list	VERB
gujaf-35	118	48	manufacturing	manufacturing	NOUN
gujaf-35	118	49	firms	firm	NOUN
gujaf-35	118	50	in	in	ADP
gujaf-35	118	51	nigeria	nigeria	PROPN
gujaf-35	118	52	2.4	2.4	NUM
gujaf-35	118	53	firm	firm	ADJ
gujaf-35	118	54	specific	specific	ADJ
gujaf-35	118	55	characteristics	characteristic	NOUN
gujaf-35	118	56	and	and	CCONJ
gujaf-35	118	57	cash	cash	NOUN
gujaf-35	118	58	holding	hold	VERB
gujaf-35	118	59	cash	cash	NOUN
gujaf-35	118	60	holdings	holding	NOUN
gujaf-35	118	61	are	be	AUX
gujaf-35	118	62	an	an	DET
gujaf-35	118	63	essential	essential	ADJ
gujaf-35	118	64	part	part	NOUN
gujaf-35	118	65	of	of	ADP
gujaf-35	118	66	the	the	DET
gujaf-35	118	67	growth	growth	NOUN
gujaf-35	118	68	and	and	CCONJ
gujaf-35	118	69	survival	survival	NOUN
gujaf-35	118	70	of	of	ADP
gujaf-35	118	71	the	the	DET
gujaf-35	118	72	business	business	NOUN
gujaf-35	118	73	and	and	CCONJ
gujaf-35	118	74	receive	receive	VERB
gujaf-35	118	75	a	a	DET
gujaf-35	118	76	significant	significant	ADJ
gujaf-35	118	77	amount	amount	NOUN
gujaf-35	118	78	of	of	ADP
gujaf-35	118	79	interest	interest	NOUN
gujaf-35	118	80	from	from	ADP
gujaf-35	118	81	investors	investor	NOUN
gujaf-35	118	82	and	and	CCONJ
gujaf-35	118	83	financial	financial	ADJ
gujaf-35	118	84	analysts	analyst	NOUN
gujaf-35	118	85	.	.	PUNCT
gujaf-35	119	1	liquidity	liquidity	NOUN
gujaf-35	119	2	is	be	AUX
gujaf-35	119	3	measured	measure	VERB
gujaf-35	119	4	as	as	ADP
gujaf-35	119	5	the	the	DET
gujaf-35	119	6	ratio	ratio	NOUN
gujaf-35	119	7	of	of	ADP
gujaf-35	119	8	cash	cash	NOUN
gujaf-35	119	9	and	and	CCONJ
gujaf-35	119	10	cash	cash	NOUN
gujaf-35	119	11	equivalents	equivalent	NOUN
gujaf-35	119	12	to	to	ADP
gujaf-35	119	13	net	net	ADJ
gujaf-35	119	14	assets	asset	NOUN
gujaf-35	119	15	(	(	PUNCT
gujaf-35	119	16	ferreira	ferreira	PROPN
gujaf-35	119	17	&	&	CCONJ
gujaf-35	119	18	vilela	vilela	PROPN
gujaf-35	119	19	,	,	PUNCT
gujaf-35	119	20	2004	2004	NUM
gujaf-35	119	21	;	;	PUNCT
gujaf-35	119	22	opler	opler	X
gujaf-35	119	23	,	,	PUNCT
gujaf-35	119	24	pinkowitz	pinkowitz	PROPN
gujaf-35	119	25	l.	l.	PROPN
gujaf-35	119	26	,	,	PUNCT
gujaf-35	119	27	stulz	stulz	PROPN
gujaf-35	119	28	&	&	CCONJ
gujaf-35	119	29	williamson	williamson	PROPN
gujaf-35	119	30	1999	1999	NUM
gujaf-35	119	31	)	)	PUNCT
gujaf-35	119	32	.	.	PUNCT
gujaf-35	120	1	this	this	DET
gujaf-35	120	2	relationship	relationship	NOUN
gujaf-35	120	3	deviates	deviate	VERB
gujaf-35	120	4	from	from	ADP
gujaf-35	120	5	numerous	numerous	ADJ
gujaf-35	120	6	factors	factor	NOUN
gujaf-35	120	7	such	such	ADJ
gujaf-35	120	8	as	as	ADP
gujaf-35	120	9	the	the	DET
gujaf-35	120	10	industry	industry	NOUN
gujaf-35	120	11	and	and	CCONJ
gujaf-35	120	12	the	the	DET
gujaf-35	120	13	characteristics	characteristic	NOUN
gujaf-35	120	14	of	of	ADP
gujaf-35	120	15	the	the	DET
gujaf-35	120	16	company	company	NOUN
gujaf-35	120	17	.	.	PUNCT
gujaf-35	121	1	nevertheless	nevertheless	ADV
gujaf-35	121	2	,	,	PUNCT
gujaf-35	121	3	some	some	DET
gujaf-35	121	4	studies	study	NOUN
gujaf-35	121	5	such	such	ADJ
gujaf-35	121	6	as	as	ADP
gujaf-35	121	7	that	that	PRON
gujaf-35	121	8	of	of	ADP
gujaf-35	121	9	guney	guney	NOUN
gujaf-35	121	10	et	et	PROPN
gujaf-35	121	11	al	al	PROPN
gujaf-35	121	12	.	.	PUNCT
gujaf-35	122	1	(	(	PUNCT
gujaf-35	122	2	2007	2007	NUM
gujaf-35	122	3	)	)	PUNCT
gujaf-35	122	4	found	find	VERB
gujaf-35	122	5	a	a	DET
gujaf-35	122	6	negative	negative	ADJ
gujaf-35	122	7	relationship	relationship	NOUN
gujaf-35	122	8	in	in	ADP
gujaf-35	122	9	low	low	ADJ
gujaf-35	122	10	levels	level	NOUN
gujaf-35	122	11	of	of	ADP
gujaf-35	122	12	debt	debt	NOUN
gujaf-35	122	13	between	between	ADP
gujaf-35	122	14	cash	cash	NOUN
gujaf-35	122	15	and	and	CCONJ
gujaf-35	122	16	leverage	leverage	NOUN
gujaf-35	122	17	,	,	PUNCT
gujaf-35	122	18	since	since	SCONJ
gujaf-35	122	19	debt	debt	NOUN
gujaf-35	122	20	increased	increase	VERB
gujaf-35	122	21	the	the	DET
gujaf-35	122	22	relationship	relationship	NOUN
gujaf-35	122	23	.	.	PUNCT
gujaf-35	123	1	further	further	ADJ
gujaf-35	123	2	research	research	NOUN
gujaf-35	123	3	in	in	ADP
gujaf-35	123	4	this	this	DET
gujaf-35	123	5	area	area	NOUN
gujaf-35	123	6	was	be	AUX
gujaf-35	123	7	provided	provide	VERB
gujaf-35	123	8	by	by	ADP
gujaf-35	123	9	magerakis	mageraki	NOUN
gujaf-35	123	10	,	,	PUNCT
gujaf-35	123	11	siriopoulos	siriopoulos	ADV
gujaf-35	123	12	,	,	PUNCT
gujaf-35	123	13	and	and	CCONJ
gujaf-35	123	14	tsagkanos	tsagkano	NOUN
gujaf-35	123	15	(	(	PUNCT
gujaf-35	123	16	2015	2015	NUM
gujaf-35	123	17	)	)	PUNCT
gujaf-35	123	18	determinants	determinant	NOUN
gujaf-35	123	19	of	of	ADP
gujaf-35	123	20	uk	uk	PROPN
gujaf-35	123	21	corporate	corporate	ADJ
gujaf-35	123	22	cash	cash	NOUN
gujaf-35	123	23	holdings	holding	NOUN
gujaf-35	123	24	during	during	ADP
gujaf-35	123	25	the	the	DET
gujaf-35	123	26	period	period	NOUN
gujaf-35	123	27	1980	1980	NUM
gujaf-35	123	28	-	-	SYM
gujaf-35	123	29	2012	2012	NUM
gujaf-35	123	30	.	.	PUNCT
gujaf-35	124	1	the	the	DET
gujaf-35	124	2	global	global	ADJ
gujaf-35	124	3	and	and	CCONJ
gujaf-35	124	4	long	long	ADJ
gujaf-35	124	5	term	term	NOUN
gujaf-35	124	6	phenomenon	phenomenon	NOUN
gujaf-35	124	7	of	of	ADP
gujaf-35	124	8	corporate	corporate	ADJ
gujaf-35	124	9	cash	cash	NOUN
gujaf-35	124	10	pilling	pilling	NOUN
gujaf-35	124	11	has	have	AUX
gujaf-35	124	12	drawn	draw	VERB
gujaf-35	124	13	significant	significant	ADJ
gujaf-35	124	14	attention	attention	NOUN
gujaf-35	124	15	from	from	ADP
gujaf-35	124	16	researchers	researcher	NOUN
gujaf-35	124	17	.	.	PUNCT
gujaf-35	125	1	similarly	similarly	ADV
gujaf-35	125	2	,	,	PUNCT
gujaf-35	125	3	this	this	DET
gujaf-35	125	4	study	study	NOUN
gujaf-35	125	5	aims	aim	VERB
gujaf-35	125	6	at	at	ADP
gujaf-35	125	7	shedding	shed	VERB
gujaf-35	125	8	light	light	NOUN
gujaf-35	125	9	on	on	ADP
gujaf-35	125	10	the	the	DET
gujaf-35	125	11	empirical	empirical	ADJ
gujaf-35	125	12	relationship	relationship	NOUN
gujaf-35	125	13	between	between	ADP
gujaf-35	125	14	cash	cash	NOUN
gujaf-35	125	15	holding	holding	NOUN
gujaf-35	125	16	and	and	CCONJ
gujaf-35	125	17	specific	specific	ADJ
gujaf-35	125	18	firm	firm	ADJ
gujaf-35	125	19	characteristics	characteristic	NOUN
gujaf-35	125	20	.	.	PUNCT
gujaf-35	126	1	the	the	DET
gujaf-35	126	2	empirical	empirical	ADJ
gujaf-35	126	3	findings	finding	NOUN
gujaf-35	126	4	suggest	suggest	VERB
gujaf-35	126	5	that	that	SCONJ
gujaf-35	126	6	cash	cash	NOUN
gujaf-35	126	7	holdings	holding	NOUN
gujaf-35	126	8	are	be	AUX
gujaf-35	126	9	positively	positively	ADV
gujaf-35	126	10	related	relate	VERB
gujaf-35	126	11	to	to	ADP
gujaf-35	126	12	investment	investment	NOUN
gujaf-35	126	13	opportunity	opportunity	NOUN
gujaf-35	126	14	,	,	PUNCT
gujaf-35	126	15	as	as	ADP
gujaf-35	126	16	r&d	r&d	NOUN
gujaf-35	126	17	and	and	CCONJ
gujaf-35	126	18	market	market	NOUN
gujaf-35	126	19	to	to	ADP
gujaf-35	126	20	book	book	NOUN
gujaf-35	126	21	ratio	ratio	NOUN
gujaf-35	126	22	.	.	PUNCT
gujaf-35	127	1	cash	cash	NOUN
gujaf-35	127	2	ratio	ratio	NOUN
gujaf-35	127	3	is	be	AUX
gujaf-35	127	4	gusau	gusau	ADJ
gujaf-35	127	5	journal	journal	NOUN
gujaf-35	127	6	of	of	ADP
gujaf-35	127	7	accounting	accounting	NOUN
gujaf-35	127	8	and	and	CCONJ
gujaf-35	127	9	finance	finance	NOUN
gujaf-35	127	10	,	,	PUNCT
gujaf-35	127	11	vol	vol	NOUN
gujaf-35	127	12	.	.	PUNCT
gujaf-35	128	1	i	i	PRON
gujaf-35	128	2	,	,	PUNCT
gujaf-35	128	3	issue	issue	NOUN
gujaf-35	128	4	2	2	NUM
gujaf-35	128	5	,	,	PUNCT
gujaf-35	128	6	october	october	PROPN
gujaf-35	128	7	,	,	PUNCT
gujaf-35	128	8	2020	2020	NUM
gujaf-35	128	9	9	9	NUM
gujaf-35	128	10	also	also	ADV
gujaf-35	128	11	positively	positively	ADV
gujaf-35	128	12	related	relate	VERB
gujaf-35	128	13	to	to	ADP
gujaf-35	128	14	industry	industry	NOUN
gujaf-35	128	15	cash	cash	NOUN
gujaf-35	128	16	flow	flow	NOUN
gujaf-35	128	17	volatility	volatility	NOUN
gujaf-35	128	18	and	and	CCONJ
gujaf-35	128	19	negatively	negatively	ADV
gujaf-35	128	20	affected	affect	VERB
gujaf-35	128	21	by	by	ADP
gujaf-35	128	22	cash	cash	NOUN
gujaf-35	128	23	flow	flow	NOUN
gujaf-35	128	24	,	,	PUNCT
gujaf-35	128	25	net	net	ADJ
gujaf-35	128	26	working	working	NOUN
gujaf-35	128	27	capital	capital	NOUN
gujaf-35	128	28	,	,	PUNCT
gujaf-35	128	29	capital	capital	NOUN
gujaf-35	128	30	expenditures	expenditure	NOUN
gujaf-35	128	31	,	,	PUNCT
gujaf-35	128	32	leverage	leverage	NOUN
gujaf-35	128	33	,	,	PUNCT
gujaf-35	128	34	tax	tax	NOUN
gujaf-35	128	35	expenses	expense	NOUN
gujaf-35	128	36	,	,	PUNCT
gujaf-35	128	37	age	age	NOUN
gujaf-35	128	38	and	and	CCONJ
gujaf-35	128	39	size	size	NOUN
gujaf-35	128	40	.	.	PUNCT
gujaf-35	129	1	pinkowitz	pinkowitz	NOUN
gujaf-35	129	2	,	,	PUNCT
gujaf-35	129	3	stulz	stulz	ADJ
gujaf-35	129	4	and	and	CCONJ
gujaf-35	129	5	williamson	williamson	PROPN
gujaf-35	129	6	(	(	PUNCT
gujaf-35	129	7	2013	2013	NUM
gujaf-35	129	8	)	)	PUNCT
gujaf-35	129	9	argued	argue	VERB
gujaf-35	129	10	that	that	SCONJ
gujaf-35	129	11	usa	usa	PROPN
gujaf-35	129	12	firms	firm	NOUN
gujaf-35	129	13	hold	hold	VERB
gujaf-35	129	14	more	more	ADJ
gujaf-35	129	15	cash	cash	NOUN
gujaf-35	129	16	after	after	ADP
gujaf-35	129	17	the	the	DET
gujaf-35	129	18	crisis	crisis	NOUN
gujaf-35	129	19	than	than	ADP
gujaf-35	129	20	firms	firm	NOUN
gujaf-35	129	21	with	with	ADP
gujaf-35	129	22	similar	similar	ADJ
gujaf-35	129	23	characteristics	characteristic	NOUN
gujaf-35	129	24	in	in	ADP
gujaf-35	129	25	the	the	DET
gujaf-35	129	26	late	late	ADJ
gujaf-35	129	27	1990s	1990	NOUN
gujaf-35	129	28	.	.	PUNCT
gujaf-35	130	1	they	they	PRON
gujaf-35	130	2	found	find	VERB
gujaf-35	130	3	that	that	SCONJ
gujaf-35	130	4	for	for	ADP
gujaf-35	130	5	the	the	DET
gujaf-35	130	6	period	period	NOUN
gujaf-35	130	7	before	before	ADP
gujaf-35	130	8	the	the	DET
gujaf-35	130	9	crisis	crisis	NOUN
gujaf-35	130	10	to	to	ADP
gujaf-35	130	11	after	after	ADP
gujaf-35	130	12	the	the	DET
gujaf-35	130	13	crisis	crisis	NOUN
gujaf-35	130	14	,	,	PUNCT
gujaf-35	130	15	cash	cash	NOUN
gujaf-35	130	16	holdings	holding	NOUN
gujaf-35	130	17	increase	increase	VERB
gujaf-35	130	18	most	most	ADV
gujaf-35	130	19	for	for	ADP
gujaf-35	130	20	highly	highly	ADV
gujaf-35	130	21	profitable	profitable	ADJ
gujaf-35	130	22	firms	firm	NOUN
gujaf-35	130	23	.	.	PUNCT
gujaf-35	131	1	hence	hence	ADV
gujaf-35	131	2	,	,	PUNCT
gujaf-35	131	3	based	base	VERB
gujaf-35	131	4	on	on	ADP
gujaf-35	131	5	the	the	DET
gujaf-35	131	6	previous	previous	ADJ
gujaf-35	131	7	discussions	discussion	NOUN
gujaf-35	131	8	,	,	PUNCT
gujaf-35	131	9	our	our	PRON
gujaf-35	131	10	hypotheses	hypothesis	NOUN
gujaf-35	131	11	are	be	AUX
gujaf-35	131	12	stated	state	VERB
gujaf-35	131	13	as	as	SCONJ
gujaf-35	131	14	follows	follow	VERB
gujaf-35	131	15	:	:	PUNCT
gujaf-35	131	16	h3	h3	NOUN
gujaf-35	131	17	research	research	NOUN
gujaf-35	131	18	and	and	CCONJ
gujaf-35	131	19	development	development	NOUN
gujaf-35	131	20	has	have	VERB
gujaf-35	131	21	no	no	DET
gujaf-35	131	22	significant	significant	ADJ
gujaf-35	131	23	effect	effect	NOUN
gujaf-35	131	24	on	on	ADP
gujaf-35	131	25	cash	cash	NOUN
gujaf-35	131	26	holding	holding	NOUN
gujaf-35	131	27	of	of	ADP
gujaf-35	131	28	listed	list	VERB
gujaf-35	131	29	manufacturing	manufacturing	NOUN
gujaf-35	131	30	firms	firm	NOUN
gujaf-35	131	31	in	in	ADP
gujaf-35	131	32	nigeria	nigeria	PROPN
gujaf-35	131	33	h4	h4	NOUN
gujaf-35	131	34	leverages	leverage	NOUN
gujaf-35	131	35	has	have	VERB
gujaf-35	131	36	no	no	DET
gujaf-35	131	37	significant	significant	ADJ
gujaf-35	131	38	effect	effect	NOUN
gujaf-35	131	39	on	on	ADP
gujaf-35	131	40	cash	cash	NOUN
gujaf-35	131	41	holding	holding	NOUN
gujaf-35	131	42	of	of	ADP
gujaf-35	131	43	listed	list	VERB
gujaf-35	131	44	manufacturing	manufacturing	NOUN
gujaf-35	131	45	firms	firm	NOUN
gujaf-35	131	46	in	in	ADP
gujaf-35	131	47	nigeria	nigeria	PROPN
gujaf-35	131	48	h5	h5	PROPN
gujaf-35	131	49	growth	growth	NOUN
gujaf-35	131	50	opportunities	opportunity	NOUN
gujaf-35	131	51	has	have	VERB
gujaf-35	131	52	no	no	DET
gujaf-35	131	53	significant	significant	ADJ
gujaf-35	131	54	effect	effect	NOUN
gujaf-35	131	55	on	on	ADP
gujaf-35	131	56	cash	cash	NOUN
gujaf-35	131	57	holding	holding	NOUN
gujaf-35	131	58	of	of	ADP
gujaf-35	131	59	listed	list	VERB
gujaf-35	131	60	manufacturing	manufacturing	NOUN
gujaf-35	131	61	firms	firm	NOUN
gujaf-35	131	62	in	in	ADP
gujaf-35	131	63	nigeria	nigeria	PROPN
gujaf-35	132	1	3	3	NUM
gujaf-35	132	2	.	.	PUNCT
gujaf-35	132	3	methodology	methodology	NOUN
gujaf-35	132	4	the	the	DET
gujaf-35	132	5	purpose	purpose	NOUN
gujaf-35	132	6	of	of	ADP
gujaf-35	132	7	this	this	DET
gujaf-35	132	8	study	study	NOUN
gujaf-35	132	9	is	be	AUX
gujaf-35	132	10	to	to	PART
gujaf-35	132	11	investigate	investigate	VERB
gujaf-35	132	12	the	the	DET
gujaf-35	132	13	effect	effect	NOUN
gujaf-35	132	14	of	of	ADP
gujaf-35	132	15	firm	firm	ADJ
gujaf-35	132	16	-	-	PUNCT
gujaf-35	132	17	specific	specific	ADJ
gujaf-35	132	18	characteristics	characteristic	NOUN
gujaf-35	132	19	and	and	CCONJ
gujaf-35	132	20	firm	firm	ADJ
gujaf-35	132	21	dynamism	dynamism	NOUN
gujaf-35	132	22	on	on	ADP
gujaf-35	132	23	corporate	corporate	ADJ
gujaf-35	132	24	cash	cash	NOUN
gujaf-35	132	25	holding	holding	NOUN
gujaf-35	132	26	.	.	PUNCT
gujaf-35	133	1	thus	thus	ADV
gujaf-35	133	2	,	,	PUNCT
gujaf-35	133	3	this	this	DET
gujaf-35	133	4	study	study	NOUN
gujaf-35	133	5	adopted	adopt	VERB
gujaf-35	133	6	the	the	DET
gujaf-35	133	7	correlational	correlational	ADJ
gujaf-35	133	8	research	research	NOUN
gujaf-35	133	9	design	design	NOUN
gujaf-35	133	10	.	.	PUNCT
gujaf-35	134	1	this	this	DET
gujaf-35	134	2	design	design	NOUN
gujaf-35	134	3	is	be	AUX
gujaf-35	134	4	informed	inform	VERB
gujaf-35	134	5	by	by	ADP
gujaf-35	134	6	the	the	DET
gujaf-35	134	7	research	research	NOUN
gujaf-35	134	8	paradigm	paradigm	NOUN
gujaf-35	134	9	which	which	PRON
gujaf-35	134	10	is	be	AUX
gujaf-35	134	11	the	the	DET
gujaf-35	134	12	positivism	positivism	NOUN
gujaf-35	134	13	approach	approach	NOUN
gujaf-35	134	14	.	.	PUNCT
gujaf-35	135	1	there	there	PRON
gujaf-35	135	2	were	be	VERB
gujaf-35	135	3	51	51	NUM
gujaf-35	135	4	manufacturing	manufacturing	NOUN
gujaf-35	135	5	companies	company	NOUN
gujaf-35	135	6	quoted	quote	VERB
gujaf-35	135	7	on	on	ADP
gujaf-35	135	8	the	the	DET
gujaf-35	135	9	nigerian	nigerian	ADJ
gujaf-35	135	10	stock	stock	NOUN
gujaf-35	135	11	exchange	exchange	PROPN
gujaf-35	135	12	as	as	ADP
gujaf-35	135	13	at	at	ADP
gujaf-35	135	14	the	the	DET
gujaf-35	135	15	date	date	NOUN
gujaf-35	135	16	of	of	ADP
gujaf-35	135	17	data	datum	NOUN
gujaf-35	135	18	collection	collection	NOUN
gujaf-35	135	19	.	.	PUNCT
gujaf-35	136	1	the	the	DET
gujaf-35	136	2	adjusted	adjusted	ADJ
gujaf-35	136	3	population	population	NOUN
gujaf-35	136	4	is	be	AUX
gujaf-35	136	5	thirty	thirty	NUM
gujaf-35	136	6	-	-	PUNCT
gujaf-35	136	7	five	five	NUM
gujaf-35	136	8	(	(	PUNCT
gujaf-35	136	9	35	35	NUM
gujaf-35	136	10	)	)	PUNCT
gujaf-35	136	11	firms	firm	NOUN
gujaf-35	136	12	based	base	VERB
gujaf-35	136	13	on	on	ADP
gujaf-35	136	14	the	the	DET
gujaf-35	136	15	availability	availability	NOUN
gujaf-35	136	16	of	of	ADP
gujaf-35	136	17	data	datum	NOUN
gujaf-35	136	18	.	.	PUNCT
gujaf-35	137	1	the	the	DET
gujaf-35	137	2	annual	annual	ADJ
gujaf-35	137	3	report	report	NOUN
gujaf-35	137	4	is	be	AUX
gujaf-35	137	5	the	the	DET
gujaf-35	137	6	legitimate	legitimate	ADJ
gujaf-35	137	7	blueprint	blueprint	NOUN
gujaf-35	137	8	of	of	ADP
gujaf-35	137	9	any	any	DET
gujaf-35	137	10	external	external	ADJ
gujaf-35	137	11	and	and	CCONJ
gujaf-35	137	12	internal	internal	ADJ
gujaf-35	137	13	investor	investor	NOUN
gujaf-35	137	14	in	in	ADP
gujaf-35	137	15	making	make	VERB
gujaf-35	137	16	decisions	decision	NOUN
gujaf-35	137	17	.	.	PUNCT
gujaf-35	138	1	hence	hence	ADV
gujaf-35	138	2	,	,	PUNCT
gujaf-35	138	3	this	this	DET
gujaf-35	138	4	report	report	NOUN
gujaf-35	138	5	was	be	AUX
gujaf-35	138	6	explored	explore	VERB
gujaf-35	138	7	to	to	PART
gujaf-35	138	8	extract	extract	VERB
gujaf-35	138	9	information	information	NOUN
gujaf-35	138	10	on	on	ADP
gujaf-35	138	11	the	the	DET
gujaf-35	138	12	explanatory	explanatory	ADJ
gujaf-35	138	13	construct	construct	NOUN
gujaf-35	138	14	(	(	PUNCT
gujaf-35	138	15	investment	investment	NOUN
gujaf-35	138	16	opportunity	opportunity	NOUN
gujaf-35	138	17	,	,	PUNCT
gujaf-35	138	18	leverage	leverage	NOUN
gujaf-35	138	19	,	,	PUNCT
gujaf-35	138	20	research	research	NOUN
gujaf-35	138	21	and	and	CCONJ
gujaf-35	138	22	development	development	NOUN
gujaf-35	138	23	,	,	PUNCT
gujaf-35	138	24	female	female	ADJ
gujaf-35	138	25	leadership	leadership	NOUN
gujaf-35	138	26	and	and	CCONJ
gujaf-35	138	27	independence	independence	NOUN
gujaf-35	138	28	director	director	NOUN
gujaf-35	138	29	)	)	PUNCT
gujaf-35	138	30	and	and	CCONJ
gujaf-35	138	31	the	the	DET
gujaf-35	138	32	explained	explain	VERB
gujaf-35	138	33	construct	construct	NOUN
gujaf-35	138	34	(	(	PUNCT
gujaf-35	138	35	corporate	corporate	ADJ
gujaf-35	138	36	cash	cash	NOUN
gujaf-35	138	37	holding	holding	NOUN
gujaf-35	138	38	)	)	PUNCT
gujaf-35	138	39	,	,	PUNCT
gujaf-35	138	40	respectively	respectively	ADV
gujaf-35	138	41	.	.	PUNCT
gujaf-35	139	1	spanning	span	VERB
gujaf-35	139	2	from	from	ADP
gujaf-35	139	3	2012	2012	NUM
gujaf-35	139	4	to	to	ADP
gujaf-35	139	5	2019	2019	NUM
gujaf-35	139	6	being	be	AUX
gujaf-35	139	7	eight	eight	NUM
gujaf-35	139	8	(	(	PUNCT
gujaf-35	139	9	8)	8)	NUM
gujaf-35	139	10	years	year	NOUN
gujaf-35	139	11	was	be	AUX
gujaf-35	139	12	duly	duly	ADV
gujaf-35	139	13	scrutinized	scrutinize	VERB
gujaf-35	139	14	under	under	ADP
gujaf-35	139	15	this	this	DET
gujaf-35	139	16	study	study	NOUN
gujaf-35	139	17	.	.	PUNCT
gujaf-35	140	1	a	a	DET
gujaf-35	140	2	technique	technique	NOUN
gujaf-35	140	3	of	of	ADP
gujaf-35	140	4	analysis	analysis	NOUN
gujaf-35	140	5	called	call	VERB
gujaf-35	140	6	multiple	multiple	ADJ
gujaf-35	140	7	regressions	regression	NOUN
gujaf-35	140	8	on	on	ADP
gujaf-35	140	9	the	the	DET
gujaf-35	140	10	panel	panel	NOUN
gujaf-35	140	11	data	datum	NOUN
gujaf-35	140	12	is	be	AUX
gujaf-35	140	13	utilized	utilize	VERB
gujaf-35	140	14	.	.	PUNCT
gujaf-35	141	1	this	this	PRON
gujaf-35	141	2	is	be	AUX
gujaf-35	141	3	due	due	ADJ
gujaf-35	141	4	to	to	ADP
gujaf-35	141	5	the	the	DET
gujaf-35	141	6	suitable	suitable	ADJ
gujaf-35	141	7	of	of	ADP
gujaf-35	141	8	this	this	DET
gujaf-35	141	9	method	method	NOUN
gujaf-35	141	10	for	for	ADP
gujaf-35	141	11	this	this	DET
gujaf-35	141	12	study	study	NOUN
gujaf-35	141	13	since	since	SCONJ
gujaf-35	141	14	the	the	DET
gujaf-35	141	15	issue	issue	NOUN
gujaf-35	141	16	of	of	ADP
gujaf-35	141	17	linearity	linearity	NOUN
gujaf-35	141	18	is	be	AUX
gujaf-35	141	19	fulfilled	fulfil	VERB
gujaf-35	141	20	.	.	PUNCT
gujaf-35	142	1	gusau	gusau	ADJ
gujaf-35	142	2	journal	journal	PROPN
gujaf-35	142	3	of	of	ADP
gujaf-35	142	4	accounting	accounting	NOUN
gujaf-35	142	5	and	and	CCONJ
gujaf-35	142	6	finance	finance	NOUN
gujaf-35	142	7	,	,	PUNCT
gujaf-35	142	8	vol	vol	NOUN
gujaf-35	142	9	.	.	PUNCT
gujaf-35	143	1	i	i	PRON
gujaf-35	143	2	,	,	PUNCT
gujaf-35	143	3	issue	issue	NOUN
gujaf-35	143	4	2	2	NUM
gujaf-35	143	5	,	,	PUNCT
gujaf-35	143	6	october	october	PROPN
gujaf-35	143	7	,	,	PUNCT
gujaf-35	143	8	2020	2020	NUM
gujaf-35	143	9	10	10	NUM
gujaf-35	143	10	table	table	NOUN
gujaf-35	143	11	3.1	3.1	NUM
gujaf-35	143	12	variable	variable	ADJ
gujaf-35	143	13	measurement	measurement	NOUN
gujaf-35	143	14	variables	variable	NOUN
gujaf-35	143	15	type	type	NOUN
gujaf-35	143	16	measurement	measurement	NOUN
gujaf-35	143	17	source	source	NOUN
gujaf-35	143	18	corporate	corporate	ADJ
gujaf-35	143	19	cash	cash	NOUN
gujaf-35	143	20	holding	hold	VERB
gujaf-35	143	21	dv	dv	PROPN
gujaf-35	143	22	it	it	PRON
gujaf-35	143	23	is	be	AUX
gujaf-35	143	24	quotients	quotient	NOUN
gujaf-35	143	25	of	of	ADP
gujaf-35	143	26	cash	cash	NOUN
gujaf-35	143	27	and	and	CCONJ
gujaf-35	143	28	cash	cash	NOUN
gujaf-35	143	29	equivalents	equivalent	NOUN
gujaf-35	143	30	to	to	ADP
gujaf-35	143	31	book	book	NOUN
gujaf-35	143	32	value	value	NOUN
gujaf-35	143	33	of	of	ADP
gujaf-35	143	34	assets	asset	NOUN
gujaf-35	143	35	less	less	ADJ
gujaf-35	143	36	cash	cash	NOUN
gujaf-35	143	37	and	and	CCONJ
gujaf-35	143	38	equivalents	equivalent	NOUN
gujaf-35	143	39	.	.	PUNCT
gujaf-35	144	1	(	(	PUNCT
gujaf-35	144	2	lawrencia	lawrencia	NOUN
gujaf-35	144	3	et	et	PROPN
gujaf-35	144	4	al	al	PROPN
gujaf-35	144	5	.	.	PROPN
gujaf-35	144	6	,	,	PUNCT
gujaf-35	144	7	2012	2012	NUM
gujaf-35	144	8	)	)	PUNCT
gujaf-35	144	9	independence	independence	NOUN
gujaf-35	144	10	director	director	NOUN
gujaf-35	144	11	(	(	PUNCT
gujaf-35	144	12	boubaker	boubaker	NOUN
gujaf-35	144	13	et	et	PROPN
gujaf-35	144	14	al	al	PROPN
gujaf-35	144	15	.	.	PROPN
gujaf-35	144	16	,	,	PUNCT
gujaf-35	144	17	2015	2015	NUM
gujaf-35	144	18	)	)	PUNCT
gujaf-35	144	19	female	female	ADJ
gujaf-35	144	20	leadership	leadership	NOUN
gujaf-35	144	21	iv	iv	NUM
gujaf-35	144	22	percentage	percentage	NOUN
gujaf-35	144	23	of	of	ADP
gujaf-35	144	24	women	woman	NOUN
gujaf-35	144	25	on	on	ADP
gujaf-35	144	26	board	board	PROPN
gujaf-35	144	27	(	(	PUNCT
gujaf-35	144	28	atif	atif	PROPN
gujaf-35	144	29	et	et	PROPN
gujaf-35	144	30	al	al	PROPN
gujaf-35	144	31	.	.	PROPN
gujaf-35	144	32	,	,	PUNCT
gujaf-35	144	33	2019	2019	NUM
gujaf-35	144	34	)	)	PUNCT
gujaf-35	144	35	investment	investment	NOUN
gujaf-35	144	36	opportunity	opportunity	NOUN
gujaf-35	144	37	iv	iv	NUM
gujaf-35	144	38	change	change	NOUN
gujaf-35	144	39	in	in	ADP
gujaf-35	144	40	total	total	ADJ
gujaf-35	144	41	assets	asset	NOUN
gujaf-35	144	42	scaled	scale	VERB
gujaf-35	144	43	by	by	ADP
gujaf-35	144	44	previous	previous	ADJ
gujaf-35	144	45	year	year	NOUN
gujaf-35	144	46	fixed	fix	VERB
gujaf-35	144	47	assets	asset	NOUN
gujaf-35	144	48	(	(	PUNCT
gujaf-35	144	49	lawrencia	lawrencia	NOUN
gujaf-35	144	50	et	et	PROPN
gujaf-35	144	51	al	al	PROPN
gujaf-35	144	52	.	.	PROPN
gujaf-35	144	53	,	,	PUNCT
gujaf-35	144	54	2012	2012	NUM
gujaf-35	144	55	)	)	PUNCT
gujaf-35	144	56	leverage	leverage	NOUN
gujaf-35	144	57	iv	iv	NUM
gujaf-35	144	58	the	the	DET
gujaf-35	144	59	sum	sum	NOUN
gujaf-35	144	60	of	of	ADP
gujaf-35	144	61	long	long	ADJ
gujaf-35	144	62	-	-	PUNCT
gujaf-35	144	63	term	term	NOUN
gujaf-35	144	64	debt	debt	NOUN
gujaf-35	144	65	and	and	CCONJ
gujaf-35	144	66	debt	debt	NOUN
gujaf-35	144	67	in	in	ADP
gujaf-35	144	68	current	current	ADJ
gujaf-35	144	69	liabilities	liability	NOUN
gujaf-35	144	70	divided	divide	VERB
gujaf-35	144	71	by	by	ADP
gujaf-35	144	72	the	the	DET
gujaf-35	144	73	book	book	NOUN
gujaf-35	144	74	value	value	NOUN
gujaf-35	144	75	of	of	ADP
gujaf-35	144	76	total	total	ADJ
gujaf-35	144	77	assets	asset	NOUN
gujaf-35	144	78	(	(	PUNCT
gujaf-35	144	79	barasa	barasa	PROPN
gujaf-35	144	80	et	et	PROPN
gujaf-35	144	81	al	al	PROPN
gujaf-35	144	82	.	.	PROPN
gujaf-35	144	83	,	,	PUNCT
gujaf-35	144	84	2018	2018	NUM
gujaf-35	144	85	)	)	PUNCT
gujaf-35	144	86	research	research	NOUN
gujaf-35	144	87	and	and	CCONJ
gujaf-35	144	88	development	development	NOUN
gujaf-35	144	89	iv	iv	NUM
gujaf-35	144	90	r&d	r&d	NOUN
gujaf-35	144	91	expenditures	expenditure	NOUN
gujaf-35	144	92	/	/	SYM
gujaf-35	144	93	sales	sale	NOUN
gujaf-35	144	94	(	(	PUNCT
gujaf-35	144	95	magerakis	mageraki	NOUN
gujaf-35	144	96	et	et	PROPN
gujaf-35	144	97	al	al	PROPN
gujaf-35	144	98	.	.	PROPN
gujaf-35	144	99	,	,	PUNCT
gujaf-35	144	100	,	,	PUNCT
gujaf-35	144	101	2015	2015	NUM
gujaf-35	144	102	)	)	PUNCT
gujaf-35	144	103	source	source	NOUN
gujaf-35	144	104	:	:	PUNCT
gujaf-35	144	105	author	author	PROPN
gujaf-35	144	106	’s	’s	PART
gujaf-35	144	107	computation	computation	NOUN
gujaf-35	144	108	model	model	NOUN
gujaf-35	144	109	specification	specification	NOUN
gujaf-35	144	110	the	the	DET
gujaf-35	144	111	model	model	NOUN
gujaf-35	144	112	is	be	AUX
gujaf-35	144	113	stated	state	VERB
gujaf-35	144	114	below	below	ADV
gujaf-35	144	115	:	:	PUNCT
gujaf-35	144	116	thus	thus	ADV
gujaf-35	144	117	,	,	PUNCT
gujaf-35	144	118	the	the	DET
gujaf-35	144	119	regression	regression	NOUN
gujaf-35	144	120	could	could	AUX
gujaf-35	144	121	be	be	AUX
gujaf-35	144	122	presented	present	VERB
gujaf-35	144	123	in	in	ADP
gujaf-35	144	124	general	general	ADJ
gujaf-35	144	125	as	as	SCONJ
gujaf-35	144	126	follows	follow	VERB
gujaf-35	144	127	;	;	PUNCT
gujaf-35	144	128	yit	yit	PROPN
gujaf-35	144	129	=	=	SYM
gujaf-35	144	130	β0	β0	PROPN
gujaf-35	145	1	+	+	CCONJ
gujaf-35	145	2	β1x1it	β1x1it	PUNCT
gujaf-35	146	1	+	+	CCONJ
gujaf-35	146	2	β2x2it	β2x2it	PUNCT
gujaf-35	147	1	+	+	CCONJ
gujaf-35	147	2	βk	βk	ADV
gujaf-35	147	3	xkit+	xkit+	X
gujaf-35	147	4	eit	eit	PROPN
gujaf-35	147	5	…	…	PUNCT
gujaf-35	147	6	…	…	PUNCT
gujaf-35	147	7	…	…	PUNCT
gujaf-35	147	8	…	…	PUNCT
gujaf-35	147	9	…	…	PUNCT
gujaf-35	147	10	…	…	PUNCT
gujaf-35	147	11	…	…	PUNCT
gujaf-35	147	12	…	…	PUNCT
gujaf-35	147	13	…	…	PUNCT
gujaf-35	147	14	…	…	PUNCT
gujaf-35	147	15	…	…	PUNCT
gujaf-35	147	16	equation	equation	NOUN
gujaf-35	147	17	.	.	PUNCT
gujaf-35	148	1	1	1	NUM
gujaf-35	148	2	where	where	SCONJ
gujaf-35	148	3	;	;	PUNCT
gujaf-35	148	4	yi	yi	PROPN
gujaf-35	148	5	is	be	AUX
gujaf-35	148	6	the	the	DET
gujaf-35	148	7	dependent	dependent	ADJ
gujaf-35	148	8	variable	variable	NOUN
gujaf-35	148	9	;	;	PUNCT
gujaf-35	148	10	β0is	β0is	PUNCT
gujaf-35	148	11	constant	constant	ADJ
gujaf-35	148	12	of	of	ADP
gujaf-35	148	13	the	the	DET
gujaf-35	148	14	model	model	NOUN
gujaf-35	148	15	when	when	SCONJ
gujaf-35	148	16	all	all	DET
gujaf-35	148	17	independent	independent	ADJ
gujaf-35	148	18	variables	variable	NOUN
gujaf-35	148	19	are	be	AUX
gujaf-35	148	20	said	say	VERB
gujaf-35	148	21	to	to	PART
gujaf-35	148	22	be	be	AUX
gujaf-35	148	23	zeros	zero	NOUN
gujaf-35	148	24	.	.	PUNCT
gujaf-35	149	1	x1i	x1i	PROPN
gujaf-35	149	2	,	,	PUNCT
gujaf-35	149	3	x2i	x2i	PROPN
gujaf-35	149	4	and	and	CCONJ
gujaf-35	149	5	xki	xki	PROPN
gujaf-35	149	6	are	be	AUX
gujaf-35	149	7	the	the	DET
gujaf-35	149	8	independent	independent	ADJ
gujaf-35	149	9	variables	variable	NOUN
gujaf-35	149	10	of	of	ADP
gujaf-35	149	11	the	the	DET
gujaf-35	149	12	model	model	NOUN
gujaf-35	149	13	and	and	CCONJ
gujaf-35	149	14	“	"	PUNCT
gujaf-35	149	15	i	i	PRON
gujaf-35	149	16	”	"	PUNCT
gujaf-35	149	17	is	be	AUX
gujaf-35	149	18	individual	individual	ADJ
gujaf-35	149	19	company	company	NOUN
gujaf-35	149	20	for	for	ADP
gujaf-35	149	21	the	the	DET
gujaf-35	149	22	estimation	estimation	NOUN
gujaf-35	149	23	and	and	CCONJ
gujaf-35	149	24	finally	finally	ADV
gujaf-35	149	25	ei	ei	VERB
gujaf-35	149	26	is	be	AUX
gujaf-35	149	27	residuals	residual	NOUN
gujaf-35	149	28	of	of	ADP
gujaf-35	149	29	the	the	DET
gujaf-35	149	30	model	model	NOUN
gujaf-35	149	31	.	.	PUNCT
gujaf-35	150	1	therefore	therefore	ADV
gujaf-35	150	2	,	,	PUNCT
gujaf-35	150	3	the	the	DET
gujaf-35	150	4	model	model	NOUN
gujaf-35	150	5	of	of	ADP
gujaf-35	150	6	the	the	DET
gujaf-35	150	7	study	study	NOUN
gujaf-35	150	8	is	be	AUX
gujaf-35	150	9	expressed	express	VERB
gujaf-35	150	10	below	below	ADV
gujaf-35	150	11	;	;	PUNCT
gujaf-35	151	1	cch	cch	X
gujaf-35	151	2	=	=	PUNCT
gujaf-35	151	3	β	β	X
gujaf-35	151	4	0	0	NUM
gujaf-35	152	1	+	+	CCONJ
gujaf-35	152	2	β1bindi+	β1bindi+	NOUN
gujaf-35	152	3	+	+	NOUN
gujaf-35	152	4	β2	β2	ADJ
gujaf-35	152	5	fli	fli	NOUN
gujaf-35	152	6	+	+	X
gujaf-35	152	7	β3ioi	β3ioi	PUNCT
gujaf-35	153	1	+	+	CCONJ
gujaf-35	153	2	β4levi	β4levi	NOUN
gujaf-35	153	3	+	+	ADJ
gujaf-35	153	4	β5r&di	β5r&di	PROPN
gujaf-35	153	5	+	+	ADJ
gujaf-35	153	6	εit…….equation	εit…….equation	NOUN
gujaf-35	153	7	2	2	NUM
gujaf-35	153	8	gusau	gusau	ADJ
gujaf-35	153	9	journal	journal	NOUN
gujaf-35	153	10	of	of	ADP
gujaf-35	153	11	accounting	accounting	NOUN
gujaf-35	153	12	and	and	CCONJ
gujaf-35	153	13	finance	finance	NOUN
gujaf-35	153	14	,	,	PUNCT
gujaf-35	153	15	vol	vol	NOUN
gujaf-35	153	16	.	.	PUNCT
gujaf-35	154	1	i	i	PRON
gujaf-35	154	2	,	,	PUNCT
gujaf-35	154	3	issue	issue	NOUN
gujaf-35	154	4	2	2	NUM
gujaf-35	154	5	,	,	PUNCT
gujaf-35	154	6	october	october	PROPN
gujaf-35	154	7	,	,	PUNCT
gujaf-35	154	8	2020	2020	NUM
gujaf-35	154	9	11	11	NUM
gujaf-35	154	10	where	where	SCONJ
gujaf-35	154	11	;	;	PUNCT
gujaf-35	154	12	cch=	cch=	NUM
gujaf-35	154	13	corporate	corporate	ADJ
gujaf-35	154	14	cash	cash	NOUN
gujaf-35	154	15	holding	hold	VERB
gujaf-35	154	16	bind	bind	NOUN
gujaf-35	154	17	=	=	SYM
gujaf-35	154	18	board	board	NOUN
gujaf-35	154	19	independence	independence	NOUN
gujaf-35	154	20	fl=	fl=	ADJ
gujaf-35	154	21	female	female	ADJ
gujaf-35	154	22	leadership	leadership	NOUN
gujaf-35	154	23	io	io	NOUN
gujaf-35	154	24	=	=	NOUN
gujaf-35	154	25	investment	investment	NOUN
gujaf-35	154	26	opportunity	opportunity	NOUN
gujaf-35	154	27	r&d	r&d	NOUN
gujaf-35	154	28	=	=	NOUN
gujaf-35	154	29	research	research	NOUN
gujaf-35	154	30	and	and	CCONJ
gujaf-35	154	31	development	development	NOUN
gujaf-35	154	32	ß0=	ß0=	PROPN
gujaf-35	154	33	intercept	intercept	PROPN
gujaf-35	154	34	;	;	PUNCT
gujaf-35	154	35	ß1	ß1	NOUN
gujaf-35	154	36	to	to	ADP
gujaf-35	154	37	ß5	ß5	NUM
gujaf-35	154	38	=	=	NOUN
gujaf-35	154	39	coefficient	coefficient	NOUN
gujaf-35	154	40	of	of	ADP
gujaf-35	154	41	the	the	DET
gujaf-35	154	42	independent	independent	ADJ
gujaf-35	154	43	variables	variable	NOUN
gujaf-35	154	44	;	;	PUNCT
gujaf-35	154	45	ß5	ß5	NUM
gujaf-35	154	46	=	=	NOUN
gujaf-35	154	47	coefficient	coefficient	NOUN
gujaf-35	154	48	of	of	ADP
gujaf-35	154	49	the	the	DET
gujaf-35	154	50	control	control	NOUN
gujaf-35	154	51	variable	variable	NOUN
gujaf-35	154	52	;	;	PUNCT
gujaf-35	154	53	є	є	NOUN
gujaf-35	154	54	=	=	NOUN
gujaf-35	154	55	error	error	NOUN
gujaf-35	154	56	term	term	NOUN
gujaf-35	154	57	;	;	PUNCT
gujaf-35	154	58	it=	it=	VERB
gujaf-35	154	59	subscript	subscript	NOUN
gujaf-35	154	60	for	for	ADP
gujaf-35	154	61	panel	panel	NOUN
gujaf-35	154	62	data	datum	NOUN
gujaf-35	154	63	4	4	NUM
gujaf-35	154	64	.	.	PUNCT
gujaf-35	154	65	data	datum	NOUN
gujaf-35	154	66	presentation	presentation	NOUN
gujaf-35	154	67	and	and	CCONJ
gujaf-35	154	68	discussion	discussion	NOUN
gujaf-35	154	69	in	in	ADP
gujaf-35	154	70	this	this	DET
gujaf-35	154	71	section	section	NOUN
gujaf-35	154	72	,	,	PUNCT
gujaf-35	154	73	data	datum	NOUN
gujaf-35	154	74	collected	collect	VERB
gujaf-35	154	75	in	in	ADP
gujaf-35	154	76	the	the	DET
gujaf-35	154	77	course	course	NOUN
gujaf-35	154	78	of	of	ADP
gujaf-35	154	79	carrying	carry	VERB
gujaf-35	154	80	out	out	ADP
gujaf-35	154	81	the	the	DET
gujaf-35	154	82	study	study	NOUN
gujaf-35	154	83	were	be	AUX
gujaf-35	154	84	presented	present	VERB
gujaf-35	154	85	and	and	CCONJ
gujaf-35	154	86	discussed	discuss	VERB
gujaf-35	154	87	.	.	PUNCT
gujaf-35	155	1	this	this	DET
gujaf-35	155	2	section	section	NOUN
gujaf-35	155	3	presents	present	VERB
gujaf-35	155	4	the	the	DET
gujaf-35	155	5	descriptive	descriptive	ADJ
gujaf-35	155	6	statistics	statistic	NOUN
gujaf-35	155	7	,	,	PUNCT
gujaf-35	155	8	correlation	correlation	NOUN
gujaf-35	155	9	matrix	matrix	NOUN
gujaf-35	155	10	and	and	CCONJ
gujaf-35	155	11	the	the	DET
gujaf-35	155	12	inferential	inferential	ADJ
gujaf-35	155	13	statistics	statistic	NOUN
gujaf-35	155	14	.	.	PUNCT
gujaf-35	156	1	the	the	DET
gujaf-35	156	2	hypothesis	hypothesis	NOUN
gujaf-35	156	3	formulates	formulate	VERB
gujaf-35	156	4	for	for	SCONJ
gujaf-35	156	5	the	the	DET
gujaf-35	156	6	study	study	NOUN
gujaf-35	156	7	was	be	AUX
gujaf-35	156	8	tested	test	VERB
gujaf-35	156	9	to	to	PART
gujaf-35	156	10	institute	institute	VERB
gujaf-35	156	11	the	the	DET
gujaf-35	156	12	effect	effect	NOUN
gujaf-35	156	13	of	of	ADP
gujaf-35	156	14	firm	firm	ADJ
gujaf-35	156	15	-	-	PUNCT
gujaf-35	156	16	specific	specific	ADJ
gujaf-35	156	17	characteristics	characteristic	NOUN
gujaf-35	156	18	on	on	ADP
gujaf-35	156	19	corporate	corporate	ADJ
gujaf-35	156	20	cash	cash	NOUN
gujaf-35	156	21	holding	holding	NOUN
gujaf-35	156	22	.	.	PUNCT
gujaf-35	157	1	table	table	NOUN
gujaf-35	157	2	4.1	4.1	NUM
gujaf-35	157	3	descriptive	descriptive	ADJ
gujaf-35	157	4	statistics	statistic	NOUN
gujaf-35	157	5	variables	variable	NOUN
gujaf-35	157	6	obs	obs	PROPN
gujaf-35	157	7	mean	mean	VERB
gujaf-35	157	8	std	std	PROPN
gujaf-35	157	9	.	.	PROPN
gujaf-35	158	1	dev	dev	PROPN
gujaf-35	158	2	.	.	PUNCT
gujaf-35	159	1	min	min	PROPN
gujaf-35	159	2	max	max	PROPN
gujaf-35	159	3	cch	cch	PROPN
gujaf-35	159	4	280	280	NUM
gujaf-35	159	5	0.0532	0.0532	NUM
gujaf-35	159	6	0.2186	0.2186	NUM
gujaf-35	159	7	0.0034	0.0034	NUM
gujaf-35	159	8	0.0809	0.0809	NUM
gujaf-35	159	9	bind	bind	VERB
gujaf-35	159	10	280	280	NUM
gujaf-35	159	11	0.220	0.220	NUM
gujaf-35	159	12	1.450	1.450	NUM
gujaf-35	159	13	0.000	0.000	NUM
gujaf-35	159	14	0.500	0.500	NUM
gujaf-35	159	15	fl	fl	NUM
gujaf-35	159	16	280	280	NUM
gujaf-35	159	17	0.180	0.180	NUM
gujaf-35	159	18	0.040	0.040	NUM
gujaf-35	159	19	0.000	0.000	NUM
gujaf-35	159	20	0.274	0.274	NUM
gujaf-35	159	21	io	io	PROPN
gujaf-35	159	22	280	280	NUM
gujaf-35	159	23	0.1493	0.1493	NUM
gujaf-35	159	24	0.1822	0.1822	NUM
gujaf-35	159	25	0.0132	0.0132	NUM
gujaf-35	159	26	0.7876	0.7876	NUM
gujaf-35	159	27	lev	lev	NOUN
gujaf-35	159	28	280	280	NUM
gujaf-35	159	29	0.3571	0.3571	NUM
gujaf-35	159	30	0.4264	0.4264	NUM
gujaf-35	159	31	0.1653	0.1653	NUM
gujaf-35	159	32	0.8241	0.8241	NUM
gujaf-35	159	33	r&d	r&d	NOUN
gujaf-35	159	34	280	280	NUM
gujaf-35	159	35	0.0572	0.0572	NUM
gujaf-35	159	36	0.1533	0.1533	NUM
gujaf-35	159	37	0.0000	0.0000	NUM
gujaf-35	159	38	0.4312	0.4312	NUM
gujaf-35	159	39	capex	capex	NOUN
gujaf-35	159	40	280	280	NUM
gujaf-35	159	41	0.0313	0.0313	NUM
gujaf-35	159	42	0.0342	0.0342	NUM
gujaf-35	159	43	0.0000	0.0000	NUM
gujaf-35	159	44	0.6324	0.6324	NUM
gujaf-35	159	45	source	source	NOUN
gujaf-35	159	46	:	:	PUNCT
gujaf-35	159	47	summary	summary	NOUN
gujaf-35	159	48	of	of	ADP
gujaf-35	159	49	stata	stata	ADJ
gujaf-35	159	50	output	output	NOUN
gujaf-35	159	51	table	table	NOUN
gujaf-35	159	52	4.1	4.1	NUM
gujaf-35	159	53	presented	present	VERB
gujaf-35	159	54	the	the	DET
gujaf-35	159	55	analysis	analysis	NOUN
gujaf-35	159	56	of	of	ADP
gujaf-35	159	57	both	both	CCONJ
gujaf-35	159	58	explanatory	explanatory	ADJ
gujaf-35	159	59	and	and	CCONJ
gujaf-35	159	60	explained	explain	VERB
gujaf-35	159	61	variables	variable	NOUN
gujaf-35	159	62	using	use	VERB
gujaf-35	159	63	a	a	DET
gujaf-35	159	64	descriptive	descriptive	ADJ
gujaf-35	159	65	statistics	statistic	NOUN
gujaf-35	159	66	method	method	NOUN
gujaf-35	159	67	of	of	ADP
gujaf-35	159	68	data	datum	NOUN
gujaf-35	159	69	analysis	analysis	NOUN
gujaf-35	159	70	.	.	PUNCT
gujaf-35	160	1	it	it	PRON
gujaf-35	160	2	indicated	indicate	VERB
gujaf-35	160	3	that	that	SCONJ
gujaf-35	160	4	average	average	NOUN
gujaf-35	160	5	of	of	ADP
gujaf-35	160	6	corporate	corporate	ADJ
gujaf-35	160	7	cash	cash	NOUN
gujaf-35	160	8	holding	holding	NOUN
gujaf-35	160	9	(	(	PUNCT
gujaf-35	160	10	cch	cch	NOUN
gujaf-35	160	11	)	)	PUNCT
gujaf-35	160	12	of	of	ADP
gujaf-35	160	13	the	the	DET
gujaf-35	160	14	sampled	sample	VERB
gujaf-35	160	15	manufacturing	manufacturing	NOUN
gujaf-35	160	16	firms	firm	NOUN
gujaf-35	160	17	is	be	AUX
gujaf-35	160	18	0.0532	0.0532	NUM
gujaf-35	160	19	approximately	approximately	ADV
gujaf-35	160	20	having	have	VERB
gujaf-35	160	21	maximum	maximum	NOUN
gujaf-35	160	22	and	and	CCONJ
gujaf-35	160	23	a	a	DET
gujaf-35	160	24	corresponding	corresponding	ADJ
gujaf-35	160	25	minimum	minimum	NOUN
gujaf-35	160	26	of	of	ADP
gujaf-35	160	27	0.0034	0.0034	NUM
gujaf-35	160	28	and	and	CCONJ
gujaf-35	160	29	0.0809	0.0809	NUM
gujaf-35	160	30	respectively	respectively	ADV
gujaf-35	160	31	.	.	PUNCT
gujaf-35	161	1	the	the	DET
gujaf-35	161	2	results	result	NOUN
gujaf-35	161	3	also	also	ADV
gujaf-35	161	4	,	,	PUNCT
gujaf-35	161	5	reveal	reveal	VERB
gujaf-35	161	6	that	that	SCONJ
gujaf-35	161	7	standard	standard	ADJ
gujaf-35	161	8	deviation	deviation	NOUN
gujaf-35	161	9	of	of	ADP
gujaf-35	161	10	0.2186	0.2186	NUM
gujaf-35	161	11	indicates	indicate	VERB
gujaf-35	161	12	low	low	ADJ
gujaf-35	161	13	variability	variability	NOUN
gujaf-35	161	14	across	across	ADP
gujaf-35	161	15	the	the	DET
gujaf-35	161	16	listed	list	VERB
gujaf-35	161	17	manufacturing	manufacturing	NOUN
gujaf-35	161	18	firms	firm	NOUN
gujaf-35	161	19	.	.	PUNCT
gujaf-35	162	1	the	the	DET
gujaf-35	162	2	minimum	minimum	ADJ
gujaf-35	162	3	and	and	CCONJ
gujaf-35	162	4	maximum	maximum	ADJ
gujaf-35	162	5	board	board	NOUN
gujaf-35	162	6	independence	independence	NOUN
gujaf-35	162	7	of	of	ADP
gujaf-35	162	8	the	the	DET
gujaf-35	162	9	listed	list	VERB
gujaf-35	162	10	manufacturing	manufacturing	NOUN
gujaf-35	162	11	firms	firm	NOUN
gujaf-35	162	12	in	in	ADP
gujaf-35	162	13	nigeria	nigeria	PROPN
gujaf-35	162	14	within	within	ADP
gujaf-35	162	15	gusau	gusau	ADJ
gujaf-35	162	16	journal	journal	NOUN
gujaf-35	162	17	of	of	ADP
gujaf-35	162	18	accounting	accounting	NOUN
gujaf-35	162	19	and	and	CCONJ
gujaf-35	162	20	finance	finance	NOUN
gujaf-35	162	21	,	,	PUNCT
gujaf-35	162	22	vol	vol	NOUN
gujaf-35	162	23	.	.	PUNCT
gujaf-35	163	1	i	i	PRON
gujaf-35	163	2	,	,	PUNCT
gujaf-35	163	3	issue	issue	NOUN
gujaf-35	163	4	2	2	NUM
gujaf-35	163	5	,	,	PUNCT
gujaf-35	163	6	october	october	PROPN
gujaf-35	163	7	,	,	PUNCT
gujaf-35	163	8	2020	2020	NUM
gujaf-35	163	9	12	12	NUM
gujaf-35	163	10	the	the	DET
gujaf-35	163	11	period	period	NOUN
gujaf-35	163	12	covered	cover	VERB
gujaf-35	163	13	were	be	AUX
gujaf-35	163	14	0	0	NUM
gujaf-35	163	15	and	and	CCONJ
gujaf-35	163	16	50	50	NUM
gujaf-35	163	17	%	%	NOUN
gujaf-35	163	18	respectively	respectively	ADV
gujaf-35	163	19	.	.	PUNCT
gujaf-35	164	1	this	this	PRON
gujaf-35	164	2	implies	imply	VERB
gujaf-35	164	3	that	that	SCONJ
gujaf-35	164	4	some	some	DET
gujaf-35	164	5	firms	firm	NOUN
gujaf-35	164	6	are	be	AUX
gujaf-35	164	7	yet	yet	ADV
gujaf-35	164	8	to	to	PART
gujaf-35	164	9	fully	fully	ADV
gujaf-35	164	10	comply	comply	VERB
gujaf-35	164	11	with	with	ADP
gujaf-35	164	12	corporate	corporate	ADJ
gujaf-35	164	13	code	code	NOUN
gujaf-35	164	14	of	of	ADP
gujaf-35	164	15	2012	2012	NUM
gujaf-35	164	16	,	,	PUNCT
gujaf-35	164	17	which	which	PRON
gujaf-35	164	18	stipulated	stipulate	VERB
gujaf-35	164	19	that	that	SCONJ
gujaf-35	164	20	public	public	ADJ
gujaf-35	164	21	firms	firm	NOUN
gujaf-35	164	22	should	should	AUX
gujaf-35	164	23	at	at	ADV
gujaf-35	164	24	least	least	ADJ
gujaf-35	164	25	have	have	VERB
gujaf-35	164	26	one	one	NUM
gujaf-35	164	27	independent	independent	ADJ
gujaf-35	164	28	non	non	ADJ
gujaf-35	164	29	-	-	ADJ
gujaf-35	164	30	executive	executive	ADJ
gujaf-35	164	31	director	director	NOUN
gujaf-35	164	32	.	.	PUNCT
gujaf-35	165	1	the	the	DET
gujaf-35	165	2	average	average	ADJ
gujaf-35	165	3	level	level	NOUN
gujaf-35	165	4	of	of	ADP
gujaf-35	165	5	board	board	NOUN
gujaf-35	165	6	gender	gender	NOUN
gujaf-35	165	7	diversity	diversity	NOUN
gujaf-35	165	8	across	across	ADP
gujaf-35	165	9	the	the	DET
gujaf-35	165	10	listed	list	VERB
gujaf-35	165	11	manufacturing	manufacturing	NOUN
gujaf-35	165	12	firms	firm	NOUN
gujaf-35	165	13	is	be	AUX
gujaf-35	165	14	18	18	NUM
gujaf-35	165	15	%	%	NOUN
gujaf-35	165	16	,	,	PUNCT
gujaf-35	165	17	while	while	SCONJ
gujaf-35	165	18	deviation	deviation	NOUN
gujaf-35	165	19	value	value	NOUN
gujaf-35	165	20	of	of	ADP
gujaf-35	165	21	approximately	approximately	ADV
gujaf-35	165	22	4	4	NUM
gujaf-35	165	23	%	%	NOUN
gujaf-35	165	24	indicates	indicate	VERB
gujaf-35	165	25	that	that	SCONJ
gujaf-35	165	26	there	there	PRON
gujaf-35	165	27	is	be	VERB
gujaf-35	165	28	a	a	DET
gujaf-35	165	29	low	low	ADJ
gujaf-35	165	30	deviation	deviation	NOUN
gujaf-35	165	31	of	of	ADP
gujaf-35	165	32	the	the	DET
gujaf-35	165	33	data	datum	NOUN
gujaf-35	165	34	from	from	ADP
gujaf-35	165	35	the	the	DET
gujaf-35	165	36	mean	mean	NOUN
gujaf-35	165	37	.	.	PUNCT
gujaf-35	166	1	the	the	DET
gujaf-35	166	2	maximum	maximum	ADJ
gujaf-35	166	3	and	and	CCONJ
gujaf-35	166	4	minimum	minimum	NOUN
gujaf-35	166	5	board	board	NOUN
gujaf-35	166	6	gender	gender	NOUN
gujaf-35	166	7	diversity	diversity	NOUN
gujaf-35	166	8	of	of	ADP
gujaf-35	166	9	the	the	DET
gujaf-35	166	10	listed	list	VERB
gujaf-35	166	11	manufacturing	manufacturing	NOUN
gujaf-35	166	12	firms	firm	NOUN
gujaf-35	166	13	in	in	ADP
gujaf-35	166	14	nigeria	nigeria	PROPN
gujaf-35	166	15	within	within	ADP
gujaf-35	166	16	the	the	DET
gujaf-35	166	17	period	period	NOUN
gujaf-35	166	18	covered	cover	VERB
gujaf-35	166	19	were	be	AUX
gujaf-35	166	20	27.4	27.4	NUM
gujaf-35	166	21	%	%	NOUN
gujaf-35	166	22	and	and	CCONJ
gujaf-35	166	23	0	0	NUM
gujaf-35	166	24	%	%	NOUN
gujaf-35	166	25	respectively	respectively	ADV
gujaf-35	166	26	.	.	PUNCT
gujaf-35	167	1	investment	investment	NOUN
gujaf-35	167	2	opportunity	opportunity	NOUN
gujaf-35	167	3	(	(	PUNCT
gujaf-35	167	4	io	io	NOUN
gujaf-35	167	5	)	)	PUNCT
gujaf-35	167	6	as	as	SCONJ
gujaf-35	167	7	measured	measure	VERB
gujaf-35	167	8	using	use	VERB
gujaf-35	167	9	change	change	NOUN
gujaf-35	167	10	in	in	ADP
gujaf-35	167	11	total	total	ADJ
gujaf-35	167	12	asset	asset	NOUN
gujaf-35	167	13	scaled	scale	VERB
gujaf-35	167	14	by	by	ADP
gujaf-35	167	15	fixed	fixed	ADJ
gujaf-35	167	16	asset	asset	NOUN
gujaf-35	167	17	has	have	AUX
gujaf-35	167	18	mean	mean	VERB
gujaf-35	167	19	value	value	NOUN
gujaf-35	167	20	of	of	ADP
gujaf-35	167	21	14.9	14.9	NUM
gujaf-35	167	22	%	%	NOUN
gujaf-35	167	23	with	with	ADP
gujaf-35	167	24	corresponding	correspond	VERB
gujaf-35	167	25	standard	standard	ADJ
gujaf-35	167	26	deviation	deviation	NOUN
gujaf-35	167	27	of	of	ADP
gujaf-35	167	28	18.22	18.22	NUM
gujaf-35	167	29	%	%	NOUN
gujaf-35	167	30	based	base	VERB
gujaf-35	167	31	on	on	ADP
gujaf-35	167	32	value	value	NOUN
gujaf-35	167	33	of	of	ADP
gujaf-35	167	34	standard	standard	ADJ
gujaf-35	167	35	deviation	deviation	NOUN
gujaf-35	167	36	,	,	PUNCT
gujaf-35	167	37	it	it	PRON
gujaf-35	167	38	can	can	AUX
gujaf-35	167	39	be	be	AUX
gujaf-35	167	40	deduced	deduce	VERB
gujaf-35	167	41	that	that	SCONJ
gujaf-35	167	42	the	the	DET
gujaf-35	167	43	growth	growth	NOUN
gujaf-35	167	44	opportunity	opportunity	NOUN
gujaf-35	167	45	is	be	AUX
gujaf-35	167	46	not	not	PART
gujaf-35	167	47	tightly	tightly	ADV
gujaf-35	167	48	clustered	cluster	VERB
gujaf-35	167	49	around	around	ADP
gujaf-35	167	50	the	the	DET
gujaf-35	167	51	mean	mean	NOUN
gujaf-35	167	52	of	of	ADP
gujaf-35	167	53	data	datum	NOUN
gujaf-35	167	54	under	under	ADP
gujaf-35	167	55	study	study	NOUN
gujaf-35	167	56	,	,	PUNCT
gujaf-35	167	57	invariably	invariably	ADV
gujaf-35	167	58	the	the	DET
gujaf-35	167	59	manufacturing	manufacture	VERB
gujaf-35	167	60	firm	firm	NOUN
gujaf-35	167	61	’s	’s	PART
gujaf-35	167	62	investment	investment	NOUN
gujaf-35	167	63	opportunity	opportunity	NOUN
gujaf-35	167	64	(	(	PUNCT
gujaf-35	167	65	io	io	NOUN
gujaf-35	167	66	)	)	PUNCT
gujaf-35	167	67	is	be	AUX
gujaf-35	167	68	different	different	ADJ
gujaf-35	167	69	from	from	ADP
gujaf-35	167	70	firm	firm	ADJ
gujaf-35	167	71	to	to	PART
gujaf-35	167	72	firm	firm	VERB
gujaf-35	167	73	.	.	PUNCT
gujaf-35	168	1	moreover	moreover	ADV
gujaf-35	168	2	,	,	PUNCT
gujaf-35	168	3	the	the	DET
gujaf-35	168	4	minimum	minimum	ADJ
gujaf-35	168	5	value	value	NOUN
gujaf-35	168	6	is	be	AUX
gujaf-35	168	7	1.32	1.32	NUM
gujaf-35	168	8	%	%	NOUN
gujaf-35	168	9	and	and	CCONJ
gujaf-35	168	10	78.76	78.76	NUM
gujaf-35	168	11	%	%	NOUN
gujaf-35	168	12	as	as	ADP
gujaf-35	168	13	maximum	maximum	ADJ
gujaf-35	168	14	value	value	NOUN
gujaf-35	168	15	thus	thus	ADV
gujaf-35	168	16	;	;	PUNCT
gujaf-35	168	17	it	it	PRON
gujaf-35	168	18	has	have	VERB
gujaf-35	168	19	a	a	DET
gujaf-35	168	20	large	large	ADJ
gujaf-35	168	21	range	range	NOUN
gujaf-35	168	22	of	of	ADP
gujaf-35	168	23	growth	growth	NOUN
gujaf-35	168	24	opportunity	opportunity	NOUN
gujaf-35	168	25	reading	read	VERB
gujaf-35	168	26	from	from	ADP
gujaf-35	168	27	the	the	DET
gujaf-35	168	28	minimum	minimum	ADJ
gujaf-35	168	29	and	and	CCONJ
gujaf-35	168	30	maximum	maximum	ADJ
gujaf-35	168	31	values	value	NOUN
gujaf-35	168	32	.	.	PUNCT
gujaf-35	169	1	in	in	ADP
gujaf-35	169	2	addition	addition	NOUN
gujaf-35	169	3	,	,	PUNCT
gujaf-35	169	4	the	the	DET
gujaf-35	169	5	average	average	ADJ
gujaf-35	169	6	value	value	NOUN
gujaf-35	169	7	of	of	ADP
gujaf-35	169	8	leverage	leverage	NOUN
gujaf-35	169	9	(	(	PUNCT
gujaf-35	169	10	lev	lev	NOUN
gujaf-35	169	11	)	)	PUNCT
gujaf-35	169	12	of	of	ADP
gujaf-35	169	13	the	the	DET
gujaf-35	169	14	sampled	sample	VERB
gujaf-35	169	15	manufacturing	manufacturing	NOUN
gujaf-35	169	16	firms	firm	NOUN
gujaf-35	169	17	is	be	AUX
gujaf-35	169	18	0.3751	0.3751	NUM
gujaf-35	169	19	,	,	PUNCT
gujaf-35	169	20	with	with	ADP
gujaf-35	169	21	the	the	DET
gujaf-35	169	22	standard	standard	ADJ
gujaf-35	169	23	deviation	deviation	NOUN
gujaf-35	169	24	of	of	ADP
gujaf-35	169	25	0.4264	0.4264	NUM
gujaf-35	169	26	indicating	indicate	VERB
gujaf-35	169	27	high	high	ADJ
gujaf-35	169	28	variation	variation	NOUN
gujaf-35	169	29	across	across	ADP
gujaf-35	169	30	the	the	DET
gujaf-35	169	31	sampled	sample	VERB
gujaf-35	169	32	firms	firm	NOUN
gujaf-35	169	33	.	.	PUNCT
gujaf-35	170	1	the	the	DET
gujaf-35	170	2	minimum	minimum	ADJ
gujaf-35	170	3	and	and	CCONJ
gujaf-35	170	4	maximum	maximum	ADJ
gujaf-35	170	5	values	value	NOUN
gujaf-35	170	6	are	be	AUX
gujaf-35	170	7	0.1653	0.1653	NUM
gujaf-35	170	8	and	and	CCONJ
gujaf-35	170	9	0.8241	0.8241	NUM
gujaf-35	170	10	respectively	respectively	ADV
gujaf-35	170	11	.	.	PUNCT
gujaf-35	171	1	the	the	DET
gujaf-35	171	2	average	average	ADJ
gujaf-35	171	3	value	value	NOUN
gujaf-35	171	4	of	of	ADP
gujaf-35	171	5	research	research	NOUN
gujaf-35	171	6	and	and	CCONJ
gujaf-35	171	7	development	development	NOUN
gujaf-35	171	8	(	(	PUNCT
gujaf-35	171	9	r&d	r&d	NOUN
gujaf-35	171	10	)	)	PUNCT
gujaf-35	171	11	is	be	AUX
gujaf-35	171	12	0.0572	0.0572	NUM
gujaf-35	171	13	,	,	PUNCT
gujaf-35	171	14	with	with	ADP
gujaf-35	171	15	the	the	DET
gujaf-35	171	16	standard	standard	ADJ
gujaf-35	171	17	deviation	deviation	NOUN
gujaf-35	171	18	of	of	ADP
gujaf-35	171	19	0.1533	0.1533	NUM
gujaf-35	171	20	.	.	PUNCT
gujaf-35	172	1	table	table	NOUN
gujaf-35	172	2	4.2	4.2	NUM
gujaf-35	172	3	correlation	correlation	NOUN
gujaf-35	172	4	matrix	matrix	NOUN
gujaf-35	172	5	variables	variable	NOUN
gujaf-35	172	6	(	(	PUNCT
gujaf-35	172	7	1	1	NUM
gujaf-35	172	8	)	)	PUNCT
gujaf-35	172	9	(	(	PUNCT
gujaf-35	172	10	2	2	NUM
gujaf-35	172	11	)	)	PUNCT
gujaf-35	172	12	(	(	PUNCT
gujaf-35	172	13	3	3	X
gujaf-35	172	14	)	)	PUNCT
gujaf-35	172	15	(	(	PUNCT
gujaf-35	172	16	4	4	NUM
gujaf-35	172	17	)	)	PUNCT
gujaf-35	172	18	(	(	PUNCT
gujaf-35	172	19	5	5	NUM
gujaf-35	172	20	)	)	PUNCT
gujaf-35	172	21	(	(	PUNCT
gujaf-35	172	22	6	6	X
gujaf-35	172	23	)	)	PUNCT
gujaf-35	172	24	vif	vif	NOUN
gujaf-35	172	25	1	1	NUM
gujaf-35	172	26	/	/	SYM
gujaf-35	172	27	vif	vif	NOUN
gujaf-35	172	28	(	(	PUNCT
gujaf-35	172	29	1	1	NUM
gujaf-35	172	30	)	)	PUNCT
gujaf-35	172	31	cch	cch	NOUN
gujaf-35	172	32	1.000	1.000	NUM
gujaf-35	172	33	(	(	PUNCT
gujaf-35	172	34	2	2	NUM
gujaf-35	172	35	)	)	PUNCT
gujaf-35	172	36	bind	bind	VERB
gujaf-35	172	37	0.336	0.336	NUM
gujaf-35	172	38	1.000	1.000	NUM
gujaf-35	172	39	1.325	1.325	NUM
gujaf-35	172	40	.755	.755	NUM
gujaf-35	172	41	(	(	PUNCT
gujaf-35	172	42	3	3	X
gujaf-35	172	43	)	)	PUNCT
gujaf-35	172	44	fl	fl	ADP
gujaf-35	172	45	0.502	0.502	NUM
gujaf-35	172	46	0.310	0.310	NUM
gujaf-35	172	47	1.000	1.000	NUM
gujaf-35	172	48	1.289	1.289	NUM
gujaf-35	172	49	.776	.776	NUM
gujaf-35	172	50	(	(	PUNCT
gujaf-35	172	51	4	4	NUM
gujaf-35	172	52	)	)	PUNCT
gujaf-35	172	53	io	io	X
gujaf-35	172	54	0.348	0.348	NUM
gujaf-35	172	55	0.047	0.047	NUM
gujaf-35	172	56	0.029	0.029	NUM
gujaf-35	172	57	1.000	1.000	NUM
gujaf-35	172	58	1.262	1.262	NUM
gujaf-35	172	59	.792	.792	NUM
gujaf-35	172	60	(	(	PUNCT
gujaf-35	172	61	5)lev	5)lev	NUM
gujaf-35	172	62	-0.460	-0.460	PUNCT
gujaf-35	172	63	0.372	0.372	NUM
gujaf-35	172	64	0.072	0.072	NUM
gujaf-35	172	65	-0.015	-0.015	PUNCT
gujaf-35	172	66	1.000	1.000	NUM
gujaf-35	172	67	1.212	1.212	NUM
gujaf-35	172	68	.825	.825	NUM
gujaf-35	173	1	(	(	PUNCT
gujaf-35	173	2	6)rnd	6)rnd	NUM
gujaf-35	173	3	0.214	0.214	NUM
gujaf-35	173	4	0.330	0.330	NUM
gujaf-35	173	5	0.325	0.325	NUM
gujaf-35	173	6	-0.401	-0.401	NUM
gujaf-35	173	7	0.251	0.251	NUM
gujaf-35	173	8	1.000	1.000	NUM
gujaf-35	173	9	1.202	1.202	NUM
gujaf-35	173	10	.832	.832	NUM
gujaf-35	173	11	mean	mean	PROPN
gujaf-35	173	12	1.26	1.26	NUM
gujaf-35	173	13	source	source	NOUN
gujaf-35	173	14	:	:	PUNCT
gujaf-35	173	15	summary	summary	NOUN
gujaf-35	173	16	of	of	ADP
gujaf-35	173	17	stata	stata	NOUN
gujaf-35	173	18	output	output	NOUN
gujaf-35	173	19	from	from	ADP
gujaf-35	173	20	the	the	DET
gujaf-35	173	21	correlation	correlation	NOUN
gujaf-35	173	22	matrix	matrix	NOUN
gujaf-35	173	23	presented	present	VERB
gujaf-35	173	24	in	in	ADP
gujaf-35	173	25	table	table	NOUN
gujaf-35	173	26	4.2	4.2	NUM
gujaf-35	173	27	,	,	PUNCT
gujaf-35	173	28	it	it	PRON
gujaf-35	173	29	is	be	AUX
gujaf-35	173	30	observed	observe	VERB
gujaf-35	173	31	that	that	SCONJ
gujaf-35	173	32	bind	bind	VERB
gujaf-35	173	33	,	,	PUNCT
gujaf-35	173	34	io	io	PROPN
gujaf-35	173	35	and	and	CCONJ
gujaf-35	173	36	r&d	r&d	NOUN
gujaf-35	173	37	have	have	VERB
gujaf-35	173	38	positive	positive	ADJ
gujaf-35	173	39	correlation	correlation	NOUN
gujaf-35	173	40	with	with	ADP
gujaf-35	173	41	cch	cch	PROPN
gujaf-35	173	42	of	of	ADP
gujaf-35	173	43	selected	select	VERB
gujaf-35	173	44	quoted	quote	VERB
gujaf-35	173	45	manufacturing	manufacturing	NOUN
gujaf-35	173	46	gusau	gusau	ADJ
gujaf-35	173	47	journal	journal	NOUN
gujaf-35	173	48	of	of	ADP
gujaf-35	173	49	accounting	accounting	NOUN
gujaf-35	173	50	and	and	CCONJ
gujaf-35	173	51	finance	finance	NOUN
gujaf-35	173	52	,	,	PUNCT
gujaf-35	173	53	vol	vol	NOUN
gujaf-35	173	54	.	.	PUNCT
gujaf-35	174	1	i	i	PRON
gujaf-35	174	2	,	,	PUNCT
gujaf-35	174	3	issue	issue	NOUN
gujaf-35	174	4	2	2	NUM
gujaf-35	174	5	,	,	PUNCT
gujaf-35	174	6	october	october	PROPN
gujaf-35	174	7	,	,	PUNCT
gujaf-35	174	8	2020	2020	NUM
gujaf-35	174	9	13	13	NUM
gujaf-35	174	10	firms	firm	NOUN
gujaf-35	174	11	in	in	ADP
gujaf-35	174	12	nigeria	nigeria	PROPN
gujaf-35	174	13	.	.	PUNCT
gujaf-35	175	1	however	however	ADV
gujaf-35	175	2	,	,	PUNCT
gujaf-35	175	3	probable	probable	ADJ
gujaf-35	175	4	implication	implication	NOUN
gujaf-35	175	5	arising	arise	VERB
gujaf-35	175	6	from	from	ADP
gujaf-35	175	7	this	this	DET
gujaf-35	175	8	result	result	NOUN
gujaf-35	175	9	is	be	AUX
gujaf-35	175	10	that	that	SCONJ
gujaf-35	175	11	the	the	DET
gujaf-35	175	12	variables	variable	NOUN
gujaf-35	175	13	have	have	VERB
gujaf-35	175	14	moderate	moderate	ADJ
gujaf-35	175	15	sensitivity	sensitivity	NOUN
gujaf-35	175	16	to	to	ADP
gujaf-35	175	17	cch	cch	PROPN
gujaf-35	175	18	.	.	PUNCT
gujaf-35	176	1	in	in	ADP
gujaf-35	176	2	contrast	contrast	NOUN
gujaf-35	176	3	,	,	PUNCT
gujaf-35	176	4	lev	lev	NOUN
gujaf-35	176	5	and	and	CCONJ
gujaf-35	176	6	fl	fl	PROPN
gujaf-35	176	7	were	be	AUX
gujaf-35	176	8	found	find	VERB
gujaf-35	176	9	to	to	PART
gujaf-35	176	10	have	have	VERB
gujaf-35	176	11	negative	negative	ADJ
gujaf-35	176	12	relationship	relationship	NOUN
gujaf-35	176	13	with	with	ADP
gujaf-35	176	14	cch	cch	PROPN
gujaf-35	176	15	.	.	PUNCT
gujaf-35	177	1	on	on	ADP
gujaf-35	177	2	the	the	DET
gujaf-35	177	3	other	other	ADJ
gujaf-35	177	4	hand	hand	NOUN
gujaf-35	177	5	,	,	PUNCT
gujaf-35	177	6	the	the	DET
gujaf-35	177	7	relationship	relationship	NOUN
gujaf-35	177	8	among	among	ADP
gujaf-35	177	9	the	the	DET
gujaf-35	177	10	independent	independent	ADJ
gujaf-35	177	11	variables	variable	NOUN
gujaf-35	177	12	is	be	AUX
gujaf-35	177	13	not	not	PART
gujaf-35	177	14	too	too	ADV
gujaf-35	177	15	strong	strong	ADJ
gujaf-35	177	16	to	to	PART
gujaf-35	177	17	warrant	warrant	VERB
gujaf-35	177	18	problem	problem	NOUN
gujaf-35	177	19	of	of	ADP
gujaf-35	177	20	multicollinearity	multicollinearity	NOUN
gujaf-35	177	21	as	as	SCONJ
gujaf-35	177	22	the	the	DET
gujaf-35	177	23	coefficient	coefficient	NOUN
gujaf-35	177	24	are	be	AUX
gujaf-35	177	25	less	less	ADJ
gujaf-35	177	26	than	than	ADP
gujaf-35	177	27	0.80	0.80	NUM
gujaf-35	177	28	(	(	PUNCT
gujaf-35	177	29	gujarati	gujarati	PROPN
gujaf-35	177	30	,	,	PUNCT
gujaf-35	177	31	2004	2004	NUM
gujaf-35	177	32	)	)	PUNCT
gujaf-35	177	33	.	.	PUNCT
gujaf-35	178	1	to	to	PART
gujaf-35	178	2	further	far	ADV
gujaf-35	178	3	consider	consider	VERB
gujaf-35	178	4	the	the	DET
gujaf-35	178	5	collinearity	collinearity	NOUN
gujaf-35	178	6	issues	issue	NOUN
gujaf-35	178	7	,	,	PUNCT
gujaf-35	178	8	this	this	PRON
gujaf-35	178	9	study	study	NOUN
gujaf-35	178	10	conducted	conduct	VERB
gujaf-35	178	11	variance	variance	NOUN
gujaf-35	178	12	inflation	inflation	NOUN
gujaf-35	178	13	factor	factor	NOUN
gujaf-35	178	14	(	(	PUNCT
gujaf-35	178	15	vif	vif	NOUN
gujaf-35	178	16	)	)	PUNCT
gujaf-35	178	17	test	test	NOUN
gujaf-35	178	18	to	to	PART
gujaf-35	178	19	quantify	quantify	VERB
gujaf-35	178	20	its	its	PRON
gujaf-35	178	21	severity	severity	NOUN
gujaf-35	178	22	in	in	ADP
gujaf-35	178	23	our	our	PRON
gujaf-35	178	24	model	model	NOUN
gujaf-35	178	25	,	,	PUNCT
gujaf-35	178	26	where	where	SCONJ
gujaf-35	178	27	the	the	DET
gujaf-35	178	28	variance	variance	NOUN
gujaf-35	178	29	factors	factor	NOUN
gujaf-35	178	30	of	of	ADP
gujaf-35	178	31	each	each	DET
gujaf-35	178	32	variable	variable	NOUN
gujaf-35	178	33	is	be	AUX
gujaf-35	178	34	calculated	calculate	VERB
gujaf-35	178	35	.	.	PUNCT
gujaf-35	179	1	the	the	DET
gujaf-35	179	2	results	result	NOUN
gujaf-35	179	3	of	of	ADP
gujaf-35	179	4	the	the	DET
gujaf-35	179	5	vif	vif	NOUN
gujaf-35	179	6	test	test	NOUN
gujaf-35	179	7	ranges	range	VERB
gujaf-35	179	8	from	from	ADP
gujaf-35	179	9	a	a	DET
gujaf-35	179	10	minimum	minimum	NOUN
gujaf-35	179	11	of	of	ADP
gujaf-35	179	12	1.202	1.202	NUM
gujaf-35	179	13	to	to	ADP
gujaf-35	179	14	a	a	DET
gujaf-35	179	15	maximum	maximum	NOUN
gujaf-35	179	16	of	of	ADP
gujaf-35	179	17	1.325	1.325	NUM
gujaf-35	179	18	which	which	PRON
gujaf-35	179	19	are	be	AUX
gujaf-35	179	20	all	all	ADV
gujaf-35	179	21	less	less	ADJ
gujaf-35	179	22	than	than	ADP
gujaf-35	179	23	10	10	NUM
gujaf-35	179	24	hence	hence	ADV
gujaf-35	179	25	the	the	DET
gujaf-35	179	26	absence	absence	NOUN
gujaf-35	179	27	of	of	ADP
gujaf-35	179	28	collinearity	collinearity	NOUN
gujaf-35	179	29	among	among	ADP
gujaf-35	179	30	the	the	DET
gujaf-35	179	31	explanatory	explanatory	ADJ
gujaf-35	179	32	variables(hair	variables(hair	PROPN
gujaf-35	179	33	et	et	PROPN
gujaf-35	179	34	al	al	PROPN
gujaf-35	179	35	.	.	PROPN
gujaf-35	179	36	,	,	PUNCT
gujaf-35	179	37	2014).to	2014).to	PRON
gujaf-35	179	38	further	far	ADV
gujaf-35	179	39	substantiate	substantiate	VERB
gujaf-35	179	40	this	this	DET
gujaf-35	179	41	claim	claim	NOUN
gujaf-35	179	42	,	,	PUNCT
gujaf-35	179	43	the	the	DET
gujaf-35	179	44	mean	mean	NOUN
gujaf-35	179	45	vif	vif	NOUN
gujaf-35	179	46	is	be	AUX
gujaf-35	179	47	1.26	1.26	NUM
gujaf-35	179	48	,	,	PUNCT
gujaf-35	179	49	also	also	ADV
gujaf-35	179	50	confirming	confirm	VERB
gujaf-35	179	51	the	the	DET
gujaf-35	179	52	absence	absence	NOUN
gujaf-35	179	53	of	of	ADP
gujaf-35	179	54	multicollinearity	multicollinearity	NOUN
gujaf-35	179	55	among	among	ADP
gujaf-35	179	56	all	all	DET
gujaf-35	179	57	the	the	DET
gujaf-35	179	58	explanatory	explanatory	ADJ
gujaf-35	179	59	and	and	CCONJ
gujaf-35	179	60	control	control	NOUN
gujaf-35	179	61	variables	variable	NOUN
gujaf-35	179	62	of	of	ADP
gujaf-35	179	63	the	the	DET
gujaf-35	179	64	study	study	NOUN
gujaf-35	179	65	.	.	PUNCT
gujaf-35	180	1	diagnostic	diagnostic	ADJ
gujaf-35	180	2	test	test	NOUN
gujaf-35	180	3	before	before	ADP
gujaf-35	180	4	the	the	DET
gujaf-35	180	5	conduct	conduct	NOUN
gujaf-35	180	6	of	of	ADP
gujaf-35	180	7	the	the	DET
gujaf-35	180	8	final	final	ADJ
gujaf-35	180	9	regression	regression	NOUN
gujaf-35	180	10	,	,	PUNCT
gujaf-35	180	11	this	this	DET
gujaf-35	180	12	study	study	NOUN
gujaf-35	180	13	conducted	conduct	VERB
gujaf-35	180	14	diagnostic	diagnostic	ADJ
gujaf-35	180	15	analysis	analysis	NOUN
gujaf-35	180	16	to	to	PART
gujaf-35	180	17	maintain	maintain	VERB
gujaf-35	180	18	the	the	DET
gujaf-35	180	19	un	un	PROPN
gujaf-35	180	20	-	-	NOUN
gujaf-35	180	21	biasness	biasness	NOUN
gujaf-35	180	22	of	of	ADP
gujaf-35	180	23	the	the	DET
gujaf-35	180	24	parameters	parameter	NOUN
gujaf-35	180	25	as	as	SCONJ
gujaf-35	180	26	argued	argue	VERB
gujaf-35	180	27	by	by	ADP
gujaf-35	180	28	wooldridge	wooldridge	PROPN
gujaf-35	180	29	(	(	PUNCT
gujaf-35	180	30	2011	2011	NUM
gujaf-35	180	31	)	)	PUNCT
gujaf-35	180	32	.	.	PUNCT
gujaf-35	181	1	among	among	ADP
gujaf-35	181	2	the	the	DET
gujaf-35	181	3	test	test	NOUN
gujaf-35	181	4	conducted	conduct	VERB
gujaf-35	181	5	in	in	ADP
gujaf-35	181	6	addition	addition	NOUN
gujaf-35	181	7	to	to	ADP
gujaf-35	181	8	the	the	DET
gujaf-35	181	9	multicollinearity	multicollinearity	NOUN
gujaf-35	181	10	test	test	NOUN
gujaf-35	181	11	are	be	AUX
gujaf-35	181	12	based	base	VERB
gujaf-35	181	13	on	on	ADP
gujaf-35	181	14	the	the	DET
gujaf-35	181	15	recommendation	recommendation	NOUN
gujaf-35	181	16	of	of	ADP
gujaf-35	181	17	wooldridge	wooldridge	PROPN
gujaf-35	181	18	(	(	PUNCT
gujaf-35	181	19	2011	2011	NUM
gujaf-35	181	20	)	)	PUNCT
gujaf-35	181	21	is	be	AUX
gujaf-35	181	22	hausman	hausman	ADJ
gujaf-35	181	23	test	test	NOUN
gujaf-35	181	24	to	to	PART
gujaf-35	181	25	make	make	VERB
gujaf-35	181	26	a	a	DET
gujaf-35	181	27	choice	choice	NOUN
gujaf-35	181	28	between	between	ADP
gujaf-35	181	29	random	random	ADJ
gujaf-35	181	30	and	and	CCONJ
gujaf-35	181	31	fixed	fix	VERB
gujaf-35	181	32	effect	effect	NOUN
gujaf-35	181	33	models	model	NOUN
gujaf-35	181	34	.	.	PUNCT
gujaf-35	182	1	with	with	ADP
gujaf-35	182	2	the	the	DET
gujaf-35	182	3	p	p	NOUN
gujaf-35	182	4	-	-	PUNCT
gujaf-35	182	5	value	value	NOUN
gujaf-35	182	6	of	of	ADP
gujaf-35	182	7	0.0000	0.0000	NUM
gujaf-35	182	8	which	which	PRON
gujaf-35	182	9	is	be	AUX
gujaf-35	182	10	statistically	statistically	ADV
gujaf-35	182	11	significant	significant	ADJ
gujaf-35	182	12	,	,	PUNCT
gujaf-35	182	13	fixed	fix	VERB
gujaf-35	182	14	effect	effect	NOUN
gujaf-35	182	15	model	model	NOUN
gujaf-35	182	16	is	be	AUX
gujaf-35	182	17	therefore	therefore	ADV
gujaf-35	182	18	considered	consider	VERB
gujaf-35	182	19	appropriate	appropriate	ADJ
gujaf-35	182	20	for	for	ADP
gujaf-35	182	21	this	this	DET
gujaf-35	182	22	study	study	NOUN
gujaf-35	182	23	.	.	PUNCT
gujaf-35	183	1	further	further	ADJ
gujaf-35	183	2	test	test	NOUN
gujaf-35	183	3	such	such	ADJ
gujaf-35	183	4	as	as	ADP
gujaf-35	183	5	normality	normality	NOUN
gujaf-35	183	6	,	,	PUNCT
gujaf-35	183	7	heteroskedasticity	heteroskedasticity	NOUN
gujaf-35	183	8	and	and	CCONJ
gujaf-35	183	9	auto	auto	NOUN
gujaf-35	183	10	correlation	correlation	NOUN
gujaf-35	183	11	test	test	NOUN
gujaf-35	183	12	were	be	AUX
gujaf-35	183	13	also	also	ADV
gujaf-35	183	14	conducted	conduct	VERB
gujaf-35	183	15	.	.	PUNCT
gujaf-35	184	1	this	this	DET
gujaf-35	184	2	study	study	NOUN
gujaf-35	184	3	conducted	conduct	VERB
gujaf-35	184	4	a	a	DET
gujaf-35	184	5	normility	normility	NOUN
gujaf-35	184	6	test	test	NOUN
gujaf-35	184	7	on	on	ADP
gujaf-35	184	8	the	the	DET
gujaf-35	184	9	residuals	residual	NOUN
gujaf-35	184	10	of	of	ADP
gujaf-35	184	11	the	the	DET
gujaf-35	184	12	model	model	NOUN
gujaf-35	184	13	using	use	VERB
gujaf-35	184	14	shapiro	shapiro	PROPN
gujaf-35	184	15	-	-	PUNCT
gujaf-35	184	16	wilk	wilk	NOUN
gujaf-35	184	17	and	and	CCONJ
gujaf-35	184	18	the	the	DET
gujaf-35	184	19	study	study	NOUN
gujaf-35	184	20	found	find	VERB
gujaf-35	184	21	that	that	SCONJ
gujaf-35	184	22	,	,	PUNCT
gujaf-35	184	23	the	the	DET
gujaf-35	184	24	residual	residual	ADJ
gujaf-35	184	25	was	be	AUX
gujaf-35	184	26	normally	normally	ADV
gujaf-35	184	27	distributed	distribute	VERB
gujaf-35	184	28	as	as	SCONJ
gujaf-35	184	29	the	the	DET
gujaf-35	184	30	p	p	NOUN
gujaf-35	184	31	-	-	PUNCT
gujaf-35	184	32	value	value	NOUN
gujaf-35	184	33	is	be	AUX
gujaf-35	184	34	statistically	statistically	ADV
gujaf-35	184	35	insignificant	insignificant	ADJ
gujaf-35	184	36	.	.	PUNCT
gujaf-35	185	1	while	while	SCONJ
gujaf-35	185	2	the	the	DET
gujaf-35	185	3	wooldridge	wooldridge	PROPN
gujaf-35	185	4	test	test	NOUN
gujaf-35	185	5	for	for	ADP
gujaf-35	185	6	autocorrelation	autocorrelation	NOUN
gujaf-35	185	7	in	in	ADP
gujaf-35	185	8	panel	panel	NOUN
gujaf-35	185	9	data	datum	NOUN
gujaf-35	185	10	was	be	AUX
gujaf-35	185	11	also	also	ADV
gujaf-35	185	12	significant	significant	ADJ
gujaf-35	185	13	indicating	indicate	VERB
gujaf-35	185	14	presence	presence	NOUN
gujaf-35	185	15	of	of	ADP
gujaf-35	185	16	auto	auto	NOUN
gujaf-35	185	17	correlation	correlation	NOUN
gujaf-35	185	18	.	.	PUNCT
gujaf-35	186	1	also	also	ADV
gujaf-35	186	2	the	the	DET
gujaf-35	186	3	heteroskedasticity	heteroskedasticity	NOUN
gujaf-35	186	4	test	test	NOUN
gujaf-35	186	5	conducted	conduct	VERB
gujaf-35	186	6	using	use	VERB
gujaf-35	186	7	modified	modified	ADJ
gujaf-35	186	8	group	group	NOUN
gujaf-35	186	9	wise	wise	ADV
gujaf-35	186	10	proved	prove	VERB
gujaf-35	186	11	statistically	statistically	ADV
gujaf-35	186	12	significant	significant	ADJ
gujaf-35	186	13	with	with	ADP
gujaf-35	186	14	the	the	DET
gujaf-35	186	15	p	p	NOUN
gujaf-35	186	16	-	-	PUNCT
gujaf-35	186	17	value	value	NOUN
gujaf-35	186	18	of	of	ADP
gujaf-35	186	19	0.000	0.000	NUM
gujaf-35	186	20	,	,	PUNCT
gujaf-35	186	21	which	which	PRON
gujaf-35	186	22	indicates	indicate	VERB
gujaf-35	186	23	absence	absence	NOUN
gujaf-35	186	24	of	of	ADP
gujaf-35	186	25	homoscedacity	homoscedacity	NOUN
gujaf-35	186	26	.	.	PUNCT
gujaf-35	187	1	the	the	DET
gujaf-35	187	2	presence	presence	NOUN
gujaf-35	187	3	of	of	ADP
gujaf-35	187	4	heteroscedasticity	heteroscedasticity	NOUN
gujaf-35	187	5	violates	violate	VERB
gujaf-35	187	6	the	the	DET
gujaf-35	187	7	homoscedasticity	homoscedasticity	NOUN
gujaf-35	187	8	assumption	assumption	NOUN
gujaf-35	187	9	and	and	CCONJ
gujaf-35	187	10	may	may	AUX
gujaf-35	187	11	lead	lead	VERB
gujaf-35	187	12	to	to	ADP
gujaf-35	187	13	a	a	DET
gujaf-35	187	14	wrong	wrong	ADJ
gujaf-35	187	15	inference	inference	NOUN
gujaf-35	187	16	.	.	PUNCT
gujaf-35	188	1	due	due	ADP
gujaf-35	188	2	to	to	ADP
gujaf-35	188	3	the	the	DET
gujaf-35	188	4	presence	presence	NOUN
gujaf-35	188	5	of	of	ADP
gujaf-35	188	6	heteroskedasticity	heteroskedasticity	NOUN
gujaf-35	188	7	and	and	CCONJ
gujaf-35	188	8	auto	auto	NOUN
gujaf-35	188	9	correlationin	correlationin	NOUN
gujaf-35	188	10	the	the	DET
gujaf-35	188	11	fixed	fix	VERB
gujaf-35	188	12	effect	effect	NOUN
gujaf-35	188	13	model	model	NOUN
gujaf-35	188	14	,	,	PUNCT
gujaf-35	188	15	the	the	DET
gujaf-35	188	16	study	study	NOUN
gujaf-35	188	17	therefore	therefore	ADV
gujaf-35	188	18	conducted	conduct	VERB
gujaf-35	188	19	panel	panel	NOUN
gujaf-35	188	20	corrected	correct	VERB
gujaf-35	188	21	standard	standard	ADJ
gujaf-35	188	22	error	error	NOUN
gujaf-35	188	23	(	(	PUNCT
gujaf-35	188	24	pcse	pcse	PROPN
gujaf-35	188	25	)	)	PUNCT
gujaf-35	188	26	model	model	NOUN
gujaf-35	188	27	which	which	PRON
gujaf-35	188	28	overcome	overcome	VERB
gujaf-35	188	29	the	the	DET
gujaf-35	188	30	both	both	DET
gujaf-35	188	31	heteroskedasticity	heteroskedasticity	NOUN
gujaf-35	188	32	and	and	CCONJ
gujaf-35	188	33	auto	auto	NOUN
gujaf-35	188	34	correlation	correlation	NOUN
gujaf-35	188	35	issues	issue	NOUN
gujaf-35	188	36	.	.	PUNCT
gujaf-35	189	1	pcse	pcse	PROPN
gujaf-35	189	2	preserves	preserve	VERB
gujaf-35	189	3	the	the	DET
gujaf-35	189	4	weighting	weighting	NOUN
gujaf-35	189	5	of	of	ADP
gujaf-35	189	6	observation	observation	NOUN
gujaf-35	189	7	for	for	ADP
gujaf-35	189	8	autocorrelation	autocorrelation	NOUN
gujaf-35	189	9	,	,	PUNCT
gujaf-35	189	10	but	but	CCONJ
gujaf-35	189	11	uses	use	VERB
gujaf-35	189	12	a	a	DET
gujaf-35	189	13	sandwich	sandwich	NOUN
gujaf-35	189	14	estimator	estimator	NOUN
gujaf-35	189	15	to	to	PART
gujaf-35	189	16	incorporate	incorporate	VERB
gujaf-35	189	17	cross	cross	ADJ
gujaf-35	189	18	-	-	ADJ
gujaf-35	189	19	sectional	sectional	ADJ
gujaf-35	189	20	dependence	dependence	NOUN
gujaf-35	189	21	when	when	SCONJ
gujaf-35	189	22	calculating	calculate	VERB
gujaf-35	189	23	standard	standard	ADJ
gujaf-35	189	24	errors	error	NOUN
gujaf-35	189	25	(	(	PUNCT
gujaf-35	189	26	mantobaye	mantobaye	NOUN
gujaf-35	189	27	moundigbaye	moundigbaye	NOUN
gujaf-35	189	28	,	,	PUNCT
gujaf-35	189	29	william	william	PROPN
gujaf-35	189	30	s.	s.	PROPN
gujaf-35	189	31	rea	rea	PROPN
gujaf-35	189	32	,	,	PUNCT
gujaf-35	189	33	2017	2017	NUM
gujaf-35	189	34	)	)	PUNCT
gujaf-35	189	35	.	.	PUNCT
gujaf-35	190	1	thus	thus	ADV
gujaf-35	190	2	,	,	PUNCT
gujaf-35	190	3	this	this	DET
gujaf-35	190	4	study	study	NOUN
gujaf-35	190	5	run	run	VERB
gujaf-35	190	6	the	the	DET
gujaf-35	190	7	pcse	pcse	NOUN
gujaf-35	190	8	model	model	NOUN
gujaf-35	190	9	based	base	VERB
gujaf-35	190	10	on	on	ADP
gujaf-35	190	11	the	the	DET
gujaf-35	190	12	recommendation	recommendation	NOUN
gujaf-35	190	13	of	of	ADP
gujaf-35	190	14	gujarati	gujarati	PROPN
gujaf-35	190	15	(	(	PUNCT
gujaf-35	190	16	2004	2004	NUM
gujaf-35	190	17	)	)	PUNCT
gujaf-35	190	18	and	and	CCONJ
gujaf-35	190	19	finally	finally	ADV
gujaf-35	190	20	,	,	PUNCT
gujaf-35	190	21	the	the	DET
gujaf-35	190	22	psce	psce	NOUN
gujaf-35	190	23	model	model	NOUN
gujaf-35	190	24	is	be	AUX
gujaf-35	190	25	hereby	hereby	ADV
gujaf-35	190	26	presented	present	VERB
gujaf-35	190	27	and	and	CCONJ
gujaf-35	190	28	discussed	discuss	VERB
gujaf-35	190	29	next	next	ADV
gujaf-35	190	30	.	.	PUNCT
gujaf-35	191	1	gusau	gusau	PROPN
gujaf-35	191	2	journal	journal	PROPN
gujaf-35	191	3	of	of	ADP
gujaf-35	191	4	accounting	accounting	NOUN
gujaf-35	191	5	and	and	CCONJ
gujaf-35	191	6	finance	finance	NOUN
gujaf-35	191	7	,	,	PUNCT
gujaf-35	191	8	vol	vol	NOUN
gujaf-35	191	9	.	.	PUNCT
gujaf-35	192	1	i	i	PRON
gujaf-35	192	2	,	,	PUNCT
gujaf-35	192	3	issue	issue	NOUN
gujaf-35	192	4	2	2	NUM
gujaf-35	192	5	,	,	PUNCT
gujaf-35	192	6	october	october	PROPN
gujaf-35	192	7	,	,	PUNCT
gujaf-35	192	8	2020	2020	NUM
gujaf-35	192	9	14	14	NUM
gujaf-35	192	10	panel	panel	NOUN
gujaf-35	192	11	corrected	correct	VERB
gujaf-35	192	12	standard	standard	ADJ
gujaf-35	192	13	error	error	NOUN
gujaf-35	192	14	(	(	PUNCT
gujaf-35	192	15	pcse	pcse	PROPN
gujaf-35	192	16	)	)	PUNCT
gujaf-35	192	17	result	result	VERB
gujaf-35	192	18	the	the	DET
gujaf-35	192	19	study	study	NOUN
gujaf-35	192	20	presents	present	VERB
gujaf-35	192	21	the	the	DET
gujaf-35	192	22	regression	regression	NOUN
gujaf-35	192	23	result	result	NOUN
gujaf-35	192	24	panel	panel	NOUN
gujaf-35	192	25	corrected	correct	VERB
gujaf-35	192	26	standard	standard	ADJ
gujaf-35	192	27	error	error	NOUN
gujaf-35	192	28	(	(	PUNCT
gujaf-35	192	29	pcse	pcse	NOUN
gujaf-35	192	30	)	)	PUNCT
gujaf-35	192	31	regression	regression	NOUN
gujaf-35	192	32	in	in	ADP
gujaf-35	192	33	table	table	NOUN
gujaf-35	192	34	3	3	NUM
gujaf-35	192	35	below	below	ADV
gujaf-35	192	36	.	.	PUNCT
gujaf-35	193	1	table	table	NOUN
gujaf-35	193	2	4.3	4.3	NUM
gujaf-35	193	3	:	:	PUNCT
gujaf-35	193	4	panel	panel	NOUN
gujaf-35	193	5	corrected	correct	VERB
gujaf-35	193	6	standard	standard	ADJ
gujaf-35	193	7	errorregression	errorregression	PROPN
gujaf-35	193	8	cch	cch	PROPN
gujaf-35	193	9	coef	coef	PROPN
gujaf-35	193	10	.	.	PUNCT
gujaf-35	194	1	st.err	st.err	PROPN
gujaf-35	194	2	.	.	PUNCT
gujaf-35	195	1	z	z	NOUN
gujaf-35	195	2	-	-	PUNCT
gujaf-35	195	3	value	value	NOUN
gujaf-35	195	4	p	p	NOUN
gujaf-35	195	5	-	-	PUNCT
gujaf-35	195	6	value	value	NOUN
gujaf-35	195	7	bind	bind	VERB
gujaf-35	195	8	0.015	0.015	NUM
gujaf-35	195	9	0.009	0.009	NUM
gujaf-35	195	10	1.58	1.58	NUM
gujaf-35	195	11	0.113	0.113	NUM
gujaf-35	195	12	fl	fl	PROPN
gujaf-35	195	13	-0.209	-0.209	NUM
gujaf-35	195	14	0.084	0.084	NUM
gujaf-35	195	15	-2.47	-2.47	NUM
gujaf-35	195	16	0.015	0.015	NUM
gujaf-35	195	17	io	io	NOUN
gujaf-35	195	18	0.184	0.184	NUM
gujaf-35	195	19	0.040	0.040	NUM
gujaf-35	195	20	4.59	4.59	NUM
gujaf-35	195	21	0.000	0.000	NUM
gujaf-35	195	22	lev	lev	NOUN
gujaf-35	195	23	-0.588	-0.588	PUNCT
gujaf-35	195	24	0.137	0.137	NUM
gujaf-35	195	25	-7.19	-7.19	SYM
gujaf-35	195	26	0.000	0.000	NUM
gujaf-35	195	27	rnd	rnd	NOUN
gujaf-35	195	28	0.414	0.414	NUM
gujaf-35	195	29	0.149	0.149	NUM
gujaf-35	195	30	4.79	4.79	NUM
gujaf-35	195	31	0.000	0.000	NUM
gujaf-35	195	32	constant	constant	ADJ
gujaf-35	195	33	0.295	0.295	NUM
gujaf-35	195	34	0.074	0.074	NUM
gujaf-35	195	35	3.96	3.96	NUM
gujaf-35	195	36	0.000	0.000	NUM
gujaf-35	195	37	r	r	NOUN
gujaf-35	195	38	-	-	PUNCT
gujaf-35	195	39	squared	square	VERB
gujaf-35	195	40	number	number	NOUN
gujaf-35	195	41	of	of	ADP
gujaf-35	195	42	obs	obs	PROPN
gujaf-35	195	43	chi	chi	PROPN
gujaf-35	195	44	-	-	PUNCT
gujaf-35	195	45	square	square	NOUN
gujaf-35	195	46	0.4673	0.4673	NUM
gujaf-35	195	47	280.000	280.000	NUM
gujaf-35	195	48	65.23	65.23	NUM
gujaf-35	195	49	hettest	hett	ADJ
gujaf-35	195	50	p	p	NOUN
gujaf-35	195	51	-	-	PUNCT
gujaf-35	195	52	value	value	NOUN
gujaf-35	195	53	hausman	hausman	ADJ
gujaf-35	195	54	p	p	ADJ
gujaf-35	195	55	-	-	PUNCT
gujaf-35	195	56	value	value	NOUN
gujaf-35	195	57	normality	normality	NOUN
gujaf-35	195	58	test	test	NOUN
gujaf-35	195	59	0.000	0.000	NUM
gujaf-35	195	60	0.000	0.000	NUM
gujaf-35	195	61	0.633	0.633	NUM
gujaf-35	195	62	prob	prob	PROPN
gujaf-35	195	63	>	>	X
gujaf-35	195	64	chi2	chi2	PROPN
gujaf-35	195	65	0.000	0.000	NUM
gujaf-35	196	1	*	*	PUNCT
gujaf-35	196	2	*	*	PUNCT
gujaf-35	196	3	*	*	PUNCT
gujaf-35	196	4	p<0.01	p<0.01	PROPN
gujaf-35	196	5	,	,	PUNCT
gujaf-35	196	6	*	*	PUNCT
gujaf-35	196	7	*	*	PUNCT
gujaf-35	196	8	p<0.05	p<0.05	NOUN
gujaf-35	196	9	,	,	PUNCT
gujaf-35	196	10	*	*	SYM
gujaf-35	196	11	p<0.1	p<0.1	NUM
gujaf-35	196	12	source	source	NOUN
gujaf-35	196	13	:	:	PUNCT
gujaf-35	196	14	summary	summary	NOUN
gujaf-35	196	15	of	of	ADP
gujaf-35	196	16	stata	stata	PROPN
gujaf-35	196	17	output	output	VERB
gujaf-35	196	18	the	the	DET
gujaf-35	196	19	result	result	NOUN
gujaf-35	196	20	in	in	ADP
gujaf-35	196	21	table	table	NOUN
gujaf-35	196	22	3	3	NUM
gujaf-35	196	23	shows	show	VERB
gujaf-35	196	24	the	the	DET
gujaf-35	196	25	result	result	NOUN
gujaf-35	196	26	obtained	obtain	VERB
gujaf-35	196	27	from	from	ADP
gujaf-35	196	28	the	the	DET
gujaf-35	196	29	panel	panel	NOUN
gujaf-35	196	30	corrected	correct	VERB
gujaf-35	196	31	standard	standard	ADJ
gujaf-35	196	32	error	error	NOUN
gujaf-35	196	33	regression	regression	NOUN
gujaf-35	196	34	(	(	PUNCT
gujaf-35	196	35	psces	psce	NOUN
gujaf-35	196	36	)	)	PUNCT
gujaf-35	196	37	which	which	PRON
gujaf-35	196	38	was	be	AUX
gujaf-35	196	39	interpreted	interpret	VERB
gujaf-35	196	40	after	after	ADP
gujaf-35	196	41	conducting	conduct	VERB
gujaf-35	196	42	all	all	DET
gujaf-35	196	43	relevant	relevant	ADJ
gujaf-35	196	44	tests	test	NOUN
gujaf-35	196	45	.	.	PUNCT
gujaf-35	197	1	the	the	DET
gujaf-35	197	2	coefficient	coefficient	NOUN
gujaf-35	197	3	of	of	ADP
gujaf-35	197	4	determinationr	determinationr	NOUN
gujaf-35	197	5	-	-	PUNCT
gujaf-35	197	6	squared	squared	ADJ
gujaf-35	197	7	was	be	AUX
gujaf-35	197	8	0.4673	0.4673	NUM
gujaf-35	197	9	which	which	PRON
gujaf-35	197	10	showed	show	VERB
gujaf-35	197	11	that	that	SCONJ
gujaf-35	197	12	about	about	ADP
gujaf-35	197	13	46.73%%	46.73%%	NUM
gujaf-35	197	14	of	of	ADP
gujaf-35	197	15	variation	variation	NOUN
gujaf-35	197	16	in	in	ADP
gujaf-35	197	17	cch	cch	PROPN
gujaf-35	197	18	as	as	SCONJ
gujaf-35	197	19	was	be	AUX
gujaf-35	197	20	caused	cause	VERB
gujaf-35	197	21	by	by	ADP
gujaf-35	197	22	variations	variation	NOUN
gujaf-35	197	23	in	in	ADP
gujaf-35	197	24	explanatory	explanatory	ADJ
gujaf-35	197	25	variables	variable	NOUN
gujaf-35	197	26	as	as	SCONJ
gujaf-35	197	27	indicated	indicate	VERB
gujaf-35	197	28	by	by	ADP
gujaf-35	197	29	the	the	DET
gujaf-35	197	30	model	model	NOUN
gujaf-35	197	31	.	.	PUNCT
gujaf-35	198	1	this	this	PRON
gujaf-35	198	2	implies	imply	VERB
gujaf-35	198	3	that	that	SCONJ
gujaf-35	198	4	board	board	NOUN
gujaf-35	198	5	independence	independence	NOUN
gujaf-35	198	6	(	(	PUNCT
gujaf-35	198	7	bind	bind	NOUN
gujaf-35	198	8	)	)	PUNCT
gujaf-35	198	9	,	,	PUNCT
gujaf-35	198	10	female	female	ADJ
gujaf-35	198	11	leadership	leadership	NOUN
gujaf-35	198	12	(	(	PUNCT
gujaf-35	198	13	fl	fl	NOUN
gujaf-35	198	14	)	)	PUNCT
gujaf-35	198	15	investment	investment	NOUN
gujaf-35	198	16	opportunity	opportunity	NOUN
gujaf-35	198	17	(	(	PUNCT
gujaf-35	198	18	io	io	NOUN
gujaf-35	198	19	)	)	PUNCT
gujaf-35	198	20	,	,	PUNCT
gujaf-35	198	21	leverage	leverage	NOUN
gujaf-35	198	22	(	(	PUNCT
gujaf-35	198	23	lev	lev	NOUN
gujaf-35	198	24	)	)	PUNCT
gujaf-35	198	25	,	,	PUNCT
gujaf-35	198	26	and	and	CCONJ
gujaf-35	198	27	research	research	NOUN
gujaf-35	198	28	and	and	CCONJ
gujaf-35	198	29	development	development	NOUN
gujaf-35	198	30	(	(	PUNCT
gujaf-35	198	31	r&d	r&d	NOUN
gujaf-35	198	32	)	)	PUNCT
gujaf-35	198	33	jointly	jointly	ADV
gujaf-35	198	34	explained	explain	VERB
gujaf-35	198	35	46.73	46.73	NUM
gujaf-35	198	36	%	%	NOUN
gujaf-35	198	37	of	of	ADP
gujaf-35	198	38	corporate	corporate	ADJ
gujaf-35	198	39	cash	cash	NOUN
gujaf-35	198	40	holding	holding	NOUN
gujaf-35	198	41	of	of	ADP
gujaf-35	198	42	quoted	quote	VERB
gujaf-35	198	43	manufacturing	manufacturing	NOUN
gujaf-35	198	44	firms	firm	NOUN
gujaf-35	198	45	in	in	ADP
gujaf-35	198	46	nigeria	nigeria	PROPN
gujaf-35	198	47	and	and	CCONJ
gujaf-35	198	48	it	it	PRON
gujaf-35	198	49	is	be	AUX
gujaf-35	198	50	statistically	statistically	ADV
gujaf-35	198	51	significant	significant	ADJ
gujaf-35	198	52	at	at	ADP
gujaf-35	198	53	1	1	NUM
gujaf-35	198	54	%	%	NOUN
gujaf-35	198	55	as	as	SCONJ
gujaf-35	198	56	indicated	indicate	VERB
gujaf-35	198	57	with	with	ADP
gujaf-35	198	58	p	p	NOUN
gujaf-35	198	59	-	-	PUNCT
gujaf-35	198	60	value	value	NOUN
gujaf-35	198	61	of	of	ADP
gujaf-35	198	62	0.000	0.000	NUM
gujaf-35	198	63	and	and	CCONJ
gujaf-35	198	64	chi	chi	NOUN
gujaf-35	198	65	-	-	PUNCT
gujaf-35	198	66	square	square	NOUN
gujaf-35	198	67	of	of	ADP
gujaf-35	198	68	65.23	65.23	NUM
gujaf-35	198	69	respectively	respectively	ADV
gujaf-35	198	70	.	.	PUNCT
gujaf-35	199	1	while	while	SCONJ
gujaf-35	199	2	the	the	DET
gujaf-35	199	3	remaining	remain	VERB
gujaf-35	199	4	53.27	53.27	NUM
gujaf-35	199	5	%	%	NOUN
gujaf-35	199	6	are	be	AUX
gujaf-35	199	7	caused	cause	VERB
gujaf-35	199	8	by	by	ADP
gujaf-35	199	9	other	other	ADJ
gujaf-35	199	10	variables	variable	NOUN
gujaf-35	199	11	not	not	PART
gujaf-35	199	12	found	find	VERB
gujaf-35	199	13	in	in	ADP
gujaf-35	199	14	the	the	DET
gujaf-35	199	15	equation	equation	NOUN
gujaf-35	199	16	but	but	CCONJ
gujaf-35	199	17	measured	measure	VERB
gujaf-35	199	18	by	by	ADP
gujaf-35	199	19	the	the	DET
gujaf-35	199	20	error	error	NOUN
gujaf-35	199	21	term	term	NOUN
gujaf-35	199	22	.	.	PUNCT
gujaf-35	200	1	from	from	ADP
gujaf-35	200	2	the	the	DET
gujaf-35	200	3	table	table	NOUN
gujaf-35	200	4	3	3	NUM
gujaf-35	200	5	the	the	DET
gujaf-35	200	6	relationship	relationship	NOUN
gujaf-35	200	7	between	between	ADP
gujaf-35	200	8	board	board	NOUN
gujaf-35	200	9	independence	independence	NOUN
gujaf-35	200	10	(	(	PUNCT
gujaf-35	200	11	bind	bind	VERB
gujaf-35	200	12	)	)	PUNCT
gujaf-35	200	13	and	and	CCONJ
gujaf-35	200	14	corporate	corporate	ADJ
gujaf-35	200	15	cash	cash	NOUN
gujaf-35	200	16	holding	holding	NOUN
gujaf-35	200	17	of	of	ADP
gujaf-35	200	18	listed	list	VERB
gujaf-35	200	19	manufacturing	manufacturing	NOUN
gujaf-35	200	20	firms	firm	NOUN
gujaf-35	200	21	is	be	AUX
gujaf-35	200	22	negative	negative	ADJ
gujaf-35	200	23	as	as	SCONJ
gujaf-35	200	24	indicated	indicate	VERB
gujaf-35	200	25	with	with	ADP
gujaf-35	200	26	the	the	DET
gujaf-35	200	27	coefficient	coefficient	NOUN
gujaf-35	200	28	of	of	ADP
gujaf-35	200	29	0.015	0.015	NUM
gujaf-35	200	30	,	,	PUNCT
gujaf-35	200	31	and	and	CCONJ
gujaf-35	200	32	it	it	PRON
gujaf-35	200	33	is	be	AUX
gujaf-35	200	34	statistically	statistically	ADV
gujaf-35	200	35	insignificant	insignificant	ADJ
gujaf-35	200	36	as	as	SCONJ
gujaf-35	200	37	proven	prove	VERB
gujaf-35	200	38	with	with	ADP
gujaf-35	200	39	the	the	DET
gujaf-35	200	40	pvalue	pvalue	NOUN
gujaf-35	200	41	of	of	ADP
gujaf-35	200	42	0.113	0.113	NUM
gujaf-35	200	43	.	.	PUNCT
gujaf-35	201	1	on	on	ADP
gujaf-35	201	2	this	this	DET
gujaf-35	201	3	note	note	NOUN
gujaf-35	201	4	,	,	PUNCT
gujaf-35	201	5	we	we	PRON
gujaf-35	201	6	fail	fail	VERB
gujaf-35	201	7	to	to	PART
gujaf-35	201	8	reject	reject	VERB
gujaf-35	201	9	null	null	ADJ
gujaf-35	201	10	hypothesis	hypothesis	NOUN
gujaf-35	201	11	which	which	PRON
gujaf-35	201	12	states	state	VERB
gujaf-35	201	13	that	that	SCONJ
gujaf-35	201	14	gusau	gusau	ADJ
gujaf-35	201	15	journal	journal	NOUN
gujaf-35	201	16	of	of	ADP
gujaf-35	201	17	accounting	accounting	NOUN
gujaf-35	201	18	and	and	CCONJ
gujaf-35	201	19	finance	finance	NOUN
gujaf-35	201	20	,	,	PUNCT
gujaf-35	201	21	vol	vol	NOUN
gujaf-35	201	22	.	.	PUNCT
gujaf-35	202	1	i	i	PRON
gujaf-35	202	2	,	,	PUNCT
gujaf-35	202	3	issue	issue	NOUN
gujaf-35	202	4	2	2	NUM
gujaf-35	202	5	,	,	PUNCT
gujaf-35	202	6	october	october	PROPN
gujaf-35	202	7	,	,	PUNCT
gujaf-35	202	8	2020	2020	NUM
gujaf-35	202	9	15	15	NUM
gujaf-35	202	10	board	board	NOUN
gujaf-35	202	11	independence	independence	NOUN
gujaf-35	202	12	has	have	VERB
gujaf-35	202	13	no	no	DET
gujaf-35	202	14	significant	significant	ADJ
gujaf-35	202	15	effect	effect	NOUN
gujaf-35	202	16	on	on	ADP
gujaf-35	202	17	corporate	corporate	ADJ
gujaf-35	202	18	cash	cash	NOUN
gujaf-35	202	19	holding	holding	NOUN
gujaf-35	202	20	of	of	ADP
gujaf-35	202	21	listed	list	VERB
gujaf-35	202	22	manufacturing	manufacturing	NOUN
gujaf-35	202	23	firms	firm	NOUN
gujaf-35	202	24	in	in	ADP
gujaf-35	202	25	nigeria	nigeria	PROPN
gujaf-35	202	26	.	.	PUNCT
gujaf-35	203	1	the	the	DET
gujaf-35	203	2	result	result	NOUN
gujaf-35	203	3	signifies	signify	VERB
gujaf-35	203	4	that	that	SCONJ
gujaf-35	203	5	female	female	ADJ
gujaf-35	203	6	leadership	leadership	NOUN
gujaf-35	203	7	(	(	PUNCT
gujaf-35	203	8	fl	fl	NOUN
gujaf-35	203	9	)	)	PUNCT
gujaf-35	203	10	has	have	VERB
gujaf-35	203	11	negative	negative	ADJ
gujaf-35	203	12	and	and	CCONJ
gujaf-35	203	13	statistically	statistically	ADV
gujaf-35	203	14	significant	significant	ADJ
gujaf-35	203	15	relationship	relationship	NOUN
gujaf-35	203	16	with	with	ADP
gujaf-35	203	17	corporate	corporate	ADJ
gujaf-35	203	18	cash	cash	NOUN
gujaf-35	203	19	holding	holding	NOUN
gujaf-35	203	20	.	.	PUNCT
gujaf-35	204	1	this	this	PRON
gujaf-35	204	2	is	be	AUX
gujaf-35	204	3	proven	prove	VERB
gujaf-35	204	4	by	by	ADP
gujaf-35	204	5	the	the	DET
gujaf-35	204	6	coefficient	coefficient	NOUN
gujaf-35	204	7	of	of	ADP
gujaf-35	204	8	-0.209	-0.209	NOUN
gujaf-35	204	9	with	with	ADP
gujaf-35	204	10	the	the	DET
gujaf-35	204	11	p	p	NOUN
gujaf-35	204	12	-	-	PUNCT
gujaf-35	204	13	value	value	NOUN
gujaf-35	204	14	of	of	ADP
gujaf-35	204	15	0.015	0.015	NUM
gujaf-35	204	16	,	,	PUNCT
gujaf-35	204	17	which	which	PRON
gujaf-35	204	18	is	be	AUX
gujaf-35	204	19	at	at	ADP
gujaf-35	204	20	5	5	NUM
gujaf-35	204	21	%	%	NOUN
gujaf-35	204	22	level	level	NOUN
gujaf-35	204	23	of	of	ADP
gujaf-35	204	24	significance	significance	NOUN
gujaf-35	204	25	.	.	PUNCT
gujaf-35	205	1	it	it	PRON
gujaf-35	205	2	means	mean	VERB
gujaf-35	205	3	increase	increase	NOUN
gujaf-35	205	4	in	in	ADP
gujaf-35	205	5	female	female	ADJ
gujaf-35	205	6	leadership	leadership	NOUN
gujaf-35	205	7	will	will	AUX
gujaf-35	205	8	lead	lead	VERB
gujaf-35	205	9	to	to	PART
gujaf-35	205	10	decrease	decrease	VERB
gujaf-35	205	11	in	in	ADP
gujaf-35	205	12	demand	demand	NOUN
gujaf-35	205	13	for	for	ADP
gujaf-35	205	14	cash	cash	NOUN
gujaf-35	205	15	.	.	PUNCT
gujaf-35	206	1	this	this	PRON
gujaf-35	206	2	is	be	AUX
gujaf-35	206	3	because	because	SCONJ
gujaf-35	206	4	men	man	NOUN
gujaf-35	206	5	are	be	AUX
gujaf-35	206	6	more	more	ADV
gujaf-35	206	7	confident	confident	ADJ
gujaf-35	206	8	in	in	ADP
gujaf-35	206	9	decision	decision	NOUN
gujaf-35	206	10	making	making	NOUN
gujaf-35	206	11	than	than	ADP
gujaf-35	206	12	women	woman	NOUN
gujaf-35	206	13	and	and	CCONJ
gujaf-35	206	14	board	board	NOUN
gujaf-35	206	15	lead	lead	NOUN
gujaf-35	206	16	by	by	ADP
gujaf-35	206	17	female	female	ADJ
gujaf-35	206	18	directors	director	NOUN
gujaf-35	206	19	do	do	AUX
gujaf-35	206	20	not	not	PART
gujaf-35	206	21	make	make	VERB
gujaf-35	206	22	risky	risky	ADJ
gujaf-35	206	23	investment	investment	NOUN
gujaf-35	206	24	because	because	SCONJ
gujaf-35	206	25	of	of	ADP
gujaf-35	206	26	her	her	PRON
gujaf-35	206	27	risk	risk	NOUN
gujaf-35	206	28	appetite	appetite	NOUN
gujaf-35	206	29	,	,	PUNCT
gujaf-35	206	30	there	there	PRON
gujaf-35	206	31	is	be	VERB
gujaf-35	206	32	no	no	DET
gujaf-35	206	33	need	need	NOUN
gujaf-35	206	34	for	for	ADP
gujaf-35	206	35	cash	cash	NOUN
gujaf-35	206	36	holding	holding	NOUN
gujaf-35	206	37	and	and	CCONJ
gujaf-35	206	38	that	that	SCONJ
gujaf-35	206	39	a	a	DET
gujaf-35	206	40	negative	negative	ADJ
gujaf-35	206	41	relationship	relationship	NOUN
gujaf-35	206	42	exists	exist	VERB
gujaf-35	206	43	between	between	ADP
gujaf-35	206	44	female	female	ADJ
gujaf-35	206	45	leadership	leadership	NOUN
gujaf-35	206	46	and	and	CCONJ
gujaf-35	206	47	cash	cash	NOUN
gujaf-35	206	48	holding	hold	VERB
gujaf-35	206	49	decision	decision	NOUN
gujaf-35	206	50	.	.	PUNCT
gujaf-35	207	1	this	this	DET
gujaf-35	207	2	finding	finding	NOUN
gujaf-35	207	3	is	be	AUX
gujaf-35	207	4	inconsistent	inconsistent	ADJ
gujaf-35	207	5	with	with	ADP
gujaf-35	207	6	the	the	DET
gujaf-35	207	7	proposition	proposition	NOUN
gujaf-35	207	8	of	of	ADP
gujaf-35	207	9	resource	resource	NOUN
gujaf-35	207	10	dependence	dependence	NOUN
gujaf-35	207	11	theory	theory	NOUN
gujaf-35	207	12	and	and	CCONJ
gujaf-35	207	13	the	the	DET
gujaf-35	207	14	findings	finding	NOUN
gujaf-35	207	15	of	of	ADP
gujaf-35	207	16	duong	duong	PROPN
gujaf-35	207	17	and	and	CCONJ
gujaf-35	207	18	evans	evans	PROPN
gujaf-35	207	19	(	(	PUNCT
gujaf-35	207	20	2016	2016	NUM
gujaf-35	207	21	)	)	PUNCT
gujaf-35	207	22	,	,	PUNCT
gujaf-35	207	23	huang	huang	PROPN
gujaf-35	207	24	and	and	CCONJ
gujaf-35	207	25	kisgen	kisgen	PROPN
gujaf-35	207	26	,	,	PUNCT
gujaf-35	207	27	(	(	PUNCT
gujaf-35	207	28	2013	2013	NUM
gujaf-35	207	29	)	)	PUNCT
gujaf-35	207	30	adams	adams	PROPN
gujaf-35	207	31	and	and	CCONJ
gujaf-35	207	32	ferreira	ferreira	PROPN
gujaf-35	207	33	(	(	PUNCT
gujaf-35	207	34	2009	2009	NUM
gujaf-35	207	35	)	)	PUNCT
gujaf-35	207	36	.	.	PUNCT
gujaf-35	208	1	on	on	ADP
gujaf-35	208	2	this	this	DET
gujaf-35	208	3	basis	basis	NOUN
gujaf-35	208	4	,	,	PUNCT
gujaf-35	208	5	we	we	PRON
gujaf-35	208	6	therefore	therefore	ADV
gujaf-35	208	7	support	support	VERB
gujaf-35	208	8	the	the	DET
gujaf-35	208	9	alternate	alternate	ADJ
gujaf-35	208	10	hypothesis	hypothesis	NOUN
gujaf-35	208	11	,	,	PUNCT
gujaf-35	208	12	which	which	PRON
gujaf-35	208	13	states	state	VERB
gujaf-35	208	14	that	that	SCONJ
gujaf-35	208	15	female	female	ADJ
gujaf-35	208	16	leadership	leadership	NOUN
gujaf-35	208	17	has	have	VERB
gujaf-35	208	18	a	a	DET
gujaf-35	208	19	significant	significant	ADJ
gujaf-35	208	20	effect	effect	NOUN
gujaf-35	208	21	on	on	ADP
gujaf-35	208	22	corporate	corporate	ADJ
gujaf-35	208	23	cash	cash	NOUN
gujaf-35	208	24	holding	holding	NOUN
gujaf-35	208	25	of	of	ADP
gujaf-35	208	26	listed	list	VERB
gujaf-35	208	27	manufacturing	manufacturing	NOUN
gujaf-35	208	28	firms	firm	NOUN
gujaf-35	208	29	in	in	ADP
gujaf-35	208	30	nigeria	nigeria	PROPN
gujaf-35	208	31	.	.	PUNCT
gujaf-35	209	1	on	on	ADP
gujaf-35	209	2	the	the	DET
gujaf-35	209	3	contrary	contrary	NOUN
gujaf-35	209	4	,	,	PUNCT
gujaf-35	209	5	the	the	DET
gujaf-35	209	6	regression	regression	NOUN
gujaf-35	209	7	result	result	VERB
gujaf-35	209	8	in	in	ADP
gujaf-35	209	9	table	table	NOUN
gujaf-35	209	10	3	3	NUM
gujaf-35	209	11	signifies	signifie	NOUN
gujaf-35	209	12	that	that	PRON
gujaf-35	209	13	investment	investment	NOUN
gujaf-35	209	14	opportunity	opportunity	NOUN
gujaf-35	209	15	(	(	PUNCT
gujaf-35	209	16	io	io	NOUN
gujaf-35	209	17	)	)	PUNCT
gujaf-35	209	18	statistically	statistically	ADV
gujaf-35	209	19	is	be	AUX
gujaf-35	209	20	as	as	ADP
gujaf-35	209	21	an	an	DET
gujaf-35	209	22	important	important	ADJ
gujaf-35	209	23	mechanism	mechanism	NOUN
gujaf-35	209	24	that	that	PRON
gujaf-35	209	25	determines	determine	VERB
gujaf-35	209	26	stakeholder	stakeholder	NOUN
gujaf-35	209	27	prominence	prominence	NOUN
gujaf-35	209	28	by	by	ADP
gujaf-35	209	29	influencing	influence	VERB
gujaf-35	209	30	corporate	corporate	ADJ
gujaf-35	209	31	cash	cash	NOUN
gujaf-35	209	32	holding	holding	NOUN
gujaf-35	209	33	(	(	PUNCT
gujaf-35	209	34	cch	cch	NOUN
gujaf-35	209	35	)	)	PUNCT
gujaf-35	209	36	of	of	ADP
gujaf-35	209	37	listed	list	VERB
gujaf-35	209	38	manufacturing	manufacturing	NOUN
gujaf-35	209	39	firms	firm	NOUN
gujaf-35	209	40	in	in	ADP
gujaf-35	209	41	nigeria	nigeria	PROPN
gujaf-35	209	42	.	.	PUNCT
gujaf-35	210	1	this	this	PRON
gujaf-35	210	2	is	be	AUX
gujaf-35	210	3	proven	prove	VERB
gujaf-35	210	4	by	by	ADP
gujaf-35	210	5	the	the	DET
gujaf-35	210	6	coefficient	coefficient	NOUN
gujaf-35	210	7	of	of	ADP
gujaf-35	210	8	0.184	0.184	NUM
gujaf-35	210	9	with	with	ADP
gujaf-35	210	10	the	the	DET
gujaf-35	210	11	p	p	NOUN
gujaf-35	210	12	-	-	PUNCT
gujaf-35	210	13	value	value	NOUN
gujaf-35	210	14	of	of	ADP
gujaf-35	210	15	0.000	0.000	NUM
gujaf-35	210	16	,	,	PUNCT
gujaf-35	210	17	which	which	PRON
gujaf-35	210	18	is	be	AUX
gujaf-35	210	19	at	at	ADP
gujaf-35	210	20	1	1	NUM
gujaf-35	210	21	%	%	NOUN
gujaf-35	210	22	level	level	NOUN
gujaf-35	210	23	of	of	ADP
gujaf-35	210	24	significance	significance	NOUN
gujaf-35	210	25	.	.	PUNCT
gujaf-35	211	1	it	it	PRON
gujaf-35	211	2	means	mean	VERB
gujaf-35	211	3	increase	increase	NOUN
gujaf-35	211	4	in	in	ADP
gujaf-35	211	5	growth	growth	NOUN
gujaf-35	211	6	opportunity	opportunity	NOUN
gujaf-35	211	7	will	will	AUX
gujaf-35	211	8	lead	lead	VERB
gujaf-35	211	9	to	to	PART
gujaf-35	211	10	increase	increase	VERB
gujaf-35	211	11	in	in	ADP
gujaf-35	211	12	demand	demand	NOUN
gujaf-35	211	13	for	for	ADP
gujaf-35	211	14	cash	cash	NOUN
gujaf-35	211	15	.	.	PUNCT
gujaf-35	212	1	this	this	PRON
gujaf-35	212	2	is	be	AUX
gujaf-35	212	3	because	because	SCONJ
gujaf-35	212	4	firms	firm	NOUN
gujaf-35	212	5	that	that	PRON
gujaf-35	212	6	need	need	VERB
gujaf-35	212	7	strong	strong	ADJ
gujaf-35	212	8	growth	growth	NOUN
gujaf-35	212	9	and	and	CCONJ
gujaf-35	212	10	regularly	regularly	ADV
gujaf-35	212	11	demand	demand	VERB
gujaf-35	212	12	extraordinary	extraordinary	ADJ
gujaf-35	212	13	investment	investment	NOUN
gujaf-35	212	14	tend	tend	VERB
gujaf-35	212	15	to	to	PART
gujaf-35	212	16	retain	retain	VERB
gujaf-35	212	17	high	high	ADJ
gujaf-35	212	18	cash	cash	NOUN
gujaf-35	212	19	in	in	ADP
gujaf-35	212	20	order	order	NOUN
gujaf-35	212	21	to	to	PART
gujaf-35	212	22	withdraw	withdraw	VERB
gujaf-35	212	23	the	the	DET
gujaf-35	212	24	lack	lack	NOUN
gujaf-35	212	25	of	of	ADP
gujaf-35	212	26	finance	finance	NOUN
gujaf-35	212	27	or	or	CCONJ
gujaf-35	212	28	the	the	DET
gujaf-35	212	29	business	business	NOUN
gujaf-35	212	30	dissolution	dissolution	NOUN
gujaf-35	212	31	of	of	ADP
gujaf-35	212	32	the	the	DET
gujaf-35	212	33	organization	organization	NOUN
gujaf-35	212	34	.	.	PUNCT
gujaf-35	213	1	this	this	DET
gujaf-35	213	2	finding	finding	NOUN
gujaf-35	213	3	supports	support	VERB
gujaf-35	213	4	the	the	DET
gujaf-35	213	5	proposition	proposition	NOUN
gujaf-35	213	6	of	of	ADP
gujaf-35	213	7	free	free	ADJ
gujaf-35	213	8	cash	cash	NOUN
gujaf-35	213	9	flow	flow	NOUN
gujaf-35	213	10	theory	theory	NOUN
gujaf-35	213	11	and	and	CCONJ
gujaf-35	213	12	the	the	DET
gujaf-35	213	13	findings	finding	NOUN
gujaf-35	213	14	of	of	ADP
gujaf-35	213	15	drobetz	drobetz	PROPN
gujaf-35	213	16	et	et	PROPN
gujaf-35	213	17	al	al	PROPN
gujaf-35	213	18	.	.	PROPN
gujaf-35	213	19	,	,	PUNCT
gujaf-35	213	20	(	(	PUNCT
gujaf-35	213	21	2007	2007	NUM
gujaf-35	213	22	)	)	PUNCT
gujaf-35	213	23	,	,	PUNCT
gujaf-35	213	24	and	and	CCONJ
gujaf-35	213	25	magerakis	mageraki	NOUN
gujaf-35	213	26	et	et	PROPN
gujaf-35	213	27	al	al	PROPN
gujaf-35	213	28	.	.	PROPN
gujaf-35	213	29	,	,	PUNCT
gujaf-35	213	30	(	(	PUNCT
gujaf-35	213	31	2015	2015	NUM
gujaf-35	213	32	)	)	PUNCT
gujaf-35	213	33	.	.	PUNCT
gujaf-35	214	1	on	on	ADP
gujaf-35	214	2	this	this	DET
gujaf-35	214	3	basis	basis	NOUN
gujaf-35	214	4	,	,	PUNCT
gujaf-35	214	5	we	we	PRON
gujaf-35	214	6	therefore	therefore	ADV
gujaf-35	214	7	support	support	VERB
gujaf-35	214	8	the	the	DET
gujaf-35	214	9	alternate	alternate	ADJ
gujaf-35	214	10	hypothesis	hypothesis	NOUN
gujaf-35	214	11	,	,	PUNCT
gujaf-35	214	12	which	which	PRON
gujaf-35	214	13	states	state	VERB
gujaf-35	214	14	that	that	SCONJ
gujaf-35	214	15	growth	growth	NOUN
gujaf-35	214	16	opportunity	opportunity	NOUN
gujaf-35	214	17	has	have	VERB
gujaf-35	214	18	a	a	DET
gujaf-35	214	19	significant	significant	ADJ
gujaf-35	214	20	positive	positive	ADJ
gujaf-35	214	21	effect	effect	NOUN
gujaf-35	214	22	on	on	ADP
gujaf-35	214	23	corporate	corporate	ADJ
gujaf-35	214	24	cash	cash	NOUN
gujaf-35	214	25	holding	holding	NOUN
gujaf-35	214	26	of	of	ADP
gujaf-35	214	27	listed	list	VERB
gujaf-35	214	28	manufacturing	manufacturing	NOUN
gujaf-35	214	29	firms	firm	NOUN
gujaf-35	214	30	in	in	ADP
gujaf-35	214	31	nigeria	nigeria	PROPN
gujaf-35	214	32	.	.	PUNCT
gujaf-35	215	1	furthermore	furthermore	ADV
gujaf-35	215	2	,	,	PUNCT
gujaf-35	215	3	there	there	PRON
gujaf-35	215	4	exists	exist	VERB
gujaf-35	215	5	negative	negative	ADJ
gujaf-35	215	6	and	and	CCONJ
gujaf-35	215	7	significant	significant	ADJ
gujaf-35	215	8	relationship	relationship	NOUN
gujaf-35	215	9	between	between	ADP
gujaf-35	215	10	leverage	leverage	NOUN
gujaf-35	215	11	(	(	PUNCT
gujaf-35	215	12	lev	lev	NOUN
gujaf-35	215	13	)	)	PUNCT
gujaf-35	215	14	and	and	CCONJ
gujaf-35	215	15	corporate	corporate	ADJ
gujaf-35	215	16	cash	cash	NOUN
gujaf-35	215	17	holding	holding	NOUN
gujaf-35	215	18	(	(	PUNCT
gujaf-35	215	19	cch	cch	NOUN
gujaf-35	215	20	)	)	PUNCT
gujaf-35	215	21	as	as	SCONJ
gujaf-35	215	22	indicated	indicate	VERB
gujaf-35	215	23	statistically	statistically	ADV
gujaf-35	215	24	by	by	ADP
gujaf-35	215	25	the	the	DET
gujaf-35	215	26	coefficient	coefficient	NOUN
gujaf-35	215	27	of	of	ADP
gujaf-35	215	28	-0.588	-0.588	PUNCT
gujaf-35	215	29	with	with	ADP
gujaf-35	215	30	the	the	DET
gujaf-35	215	31	p	p	NOUN
gujaf-35	215	32	-	-	PUNCT
gujaf-35	215	33	value	value	NOUN
gujaf-35	215	34	of	of	ADP
gujaf-35	215	35	0.000	0.000	NUM
gujaf-35	215	36	,	,	PUNCT
gujaf-35	215	37	which	which	PRON
gujaf-35	215	38	is	be	AUX
gujaf-35	215	39	at	at	ADP
gujaf-35	215	40	1	1	NUM
gujaf-35	215	41	%	%	NOUN
gujaf-35	215	42	level	level	NOUN
gujaf-35	215	43	of	of	ADP
gujaf-35	215	44	significance	significance	NOUN
gujaf-35	215	45	.	.	PUNCT
gujaf-35	216	1	it	it	PRON
gujaf-35	216	2	means	mean	VERB
gujaf-35	216	3	increase	increase	NOUN
gujaf-35	216	4	in	in	ADP
gujaf-35	216	5	leverage	leverage	NOUN
gujaf-35	216	6	will	will	AUX
gujaf-35	216	7	result	result	VERB
gujaf-35	216	8	to	to	PART
gujaf-35	216	9	decrease	decrease	VERB
gujaf-35	216	10	in	in	ADP
gujaf-35	216	11	corporate	corporate	ADJ
gujaf-35	216	12	cash	cash	NOUN
gujaf-35	216	13	holding	holding	NOUN
gujaf-35	216	14	.	.	PUNCT
gujaf-35	217	1	this	this	PRON
gujaf-35	217	2	is	be	AUX
gujaf-35	217	3	because	because	SCONJ
gujaf-35	217	4	high	high	ADJ
gujaf-35	217	5	leverage	leverage	NOUN
gujaf-35	217	6	gets	get	VERB
gujaf-35	217	7	a	a	DET
gujaf-35	217	8	high	high	ADJ
gujaf-35	217	9	return	return	NOUN
gujaf-35	217	10	on	on	ADP
gujaf-35	217	11	investment	investment	NOUN
gujaf-35	217	12	and	and	CCONJ
gujaf-35	217	13	high	high	ADJ
gujaf-35	217	14	-	-	PUNCT
gujaf-35	217	15	interest	interest	NOUN
gujaf-35	217	16	costs	cost	NOUN
gujaf-35	217	17	,	,	PUNCT
gujaf-35	217	18	this	this	DET
gujaf-35	217	19	lead	lead	NOUN
gujaf-35	217	20	to	to	PART
gujaf-35	217	21	reduce	reduce	VERB
gujaf-35	217	22	their	their	PRON
gujaf-35	217	23	ability	ability	NOUN
gujaf-35	217	24	to	to	PART
gujaf-35	217	25	hold	hold	VERB
gujaf-35	217	26	cash	cash	NOUN
gujaf-35	217	27	.	.	PUNCT
gujaf-35	218	1	in	in	ADP
gujaf-35	218	2	addition	addition	NOUN
gujaf-35	218	3	,	,	PUNCT
gujaf-35	218	4	when	when	SCONJ
gujaf-35	218	5	companies	company	NOUN
gujaf-35	218	6	have	have	VERB
gujaf-35	218	7	a	a	DET
gujaf-35	218	8	good	good	ADJ
gujaf-35	218	9	credit	credit	NOUN
gujaf-35	218	10	policy	policy	NOUN
gujaf-35	218	11	tend	tend	VERB
gujaf-35	218	12	to	to	PART
gujaf-35	218	13	expand	expand	VERB
gujaf-35	218	14	their	their	PRON
gujaf-35	218	15	business	business	NOUN
gujaf-35	218	16	,	,	PUNCT
gujaf-35	218	17	they	they	PRON
gujaf-35	218	18	will	will	AUX
gujaf-35	218	19	use	use	VERB
gujaf-35	218	20	gusau	gusau	ADJ
gujaf-35	218	21	journal	journal	NOUN
gujaf-35	218	22	of	of	ADP
gujaf-35	218	23	accounting	accounting	NOUN
gujaf-35	218	24	and	and	CCONJ
gujaf-35	218	25	finance	finance	NOUN
gujaf-35	218	26	,	,	PUNCT
gujaf-35	218	27	vol	vol	NOUN
gujaf-35	218	28	.	.	PUNCT
gujaf-35	219	1	i	i	PRON
gujaf-35	219	2	,	,	PUNCT
gujaf-35	219	3	issue	issue	NOUN
gujaf-35	219	4	2	2	NUM
gujaf-35	219	5	,	,	PUNCT
gujaf-35	219	6	october	october	PROPN
gujaf-35	219	7	,	,	PUNCT
gujaf-35	219	8	2020	2020	NUM
gujaf-35	219	9	16	16	NUM
gujaf-35	219	10	retained	retain	VERB
gujaf-35	219	11	earnings	earning	NOUN
gujaf-35	219	12	to	to	PART
gujaf-35	219	13	reinvest	reinvest	VERB
gujaf-35	219	14	this	this	DET
gujaf-35	219	15	lead	lead	NOUN
gujaf-35	219	16	to	to	PART
gujaf-35	219	17	reduce	reduce	VERB
gujaf-35	219	18	their	their	PRON
gujaf-35	219	19	cash	cash	NOUN
gujaf-35	219	20	and	and	CCONJ
gujaf-35	219	21	cash	cash	NOUN
gujaf-35	219	22	equivalent	equivalent	NOUN
gujaf-35	219	23	.	.	PUNCT
gujaf-35	220	1	this	this	DET
gujaf-35	220	2	finding	finding	NOUN
gujaf-35	220	3	supports	support	VERB
gujaf-35	220	4	the	the	DET
gujaf-35	220	5	proposition	proposition	NOUN
gujaf-35	220	6	of	of	ADP
gujaf-35	220	7	free	free	ADJ
gujaf-35	220	8	trade	trade	NOUN
gujaf-35	220	9	-	-	PUNCT
gujaf-35	220	10	off	off	ADP
gujaf-35	220	11	theory	theory	NOUN
gujaf-35	220	12	and	and	CCONJ
gujaf-35	220	13	the	the	DET
gujaf-35	220	14	findings	finding	NOUN
gujaf-35	220	15	of	of	ADP
gujaf-35	220	16	guney	guney	PROPN
gujaf-35	220	17	et	et	PROPN
gujaf-35	220	18	al	al	PROPN
gujaf-35	220	19	.	.	PUNCT
gujaf-35	221	1	(	(	PUNCT
gujaf-35	221	2	2007	2007	NUM
gujaf-35	221	3	)	)	PUNCT
gujaf-35	221	4	barasa	barasa	PROPN
gujaf-35	221	5	,	,	PUNCT
gujaf-35	221	6	et	et	PROPN
gujaf-35	221	7	al	al	PROPN
gujaf-35	221	8	.	.	PROPN
gujaf-35	221	9	,	,	PUNCT
gujaf-35	221	10	(	(	PUNCT
gujaf-35	221	11	2018	2018	NUM
gujaf-35	221	12	)	)	PUNCT
gujaf-35	221	13	gill	gill	NOUN
gujaf-35	221	14	et	et	PROPN
gujaf-35	221	15	al	al	PROPN
gujaf-35	221	16	.	.	PROPN
gujaf-35	221	17	,	,	PUNCT
gujaf-35	221	18	(	(	PUNCT
gujaf-35	221	19	2011	2011	NUM
gujaf-35	221	20	)	)	PUNCT
gujaf-35	221	21	magerakis	magerakis	PROPN
gujaf-35	221	22	et	et	PROPN
gujaf-35	221	23	al	al	PROPN
gujaf-35	221	24	.	.	PROPN
gujaf-35	221	25	,	,	PUNCT
gujaf-35	221	26	(	(	PUNCT
gujaf-35	221	27	2015	2015	NUM
gujaf-35	221	28	)	)	PUNCT
gujaf-35	221	29	.	.	PUNCT
gujaf-35	222	1	on	on	ADP
gujaf-35	222	2	this	this	DET
gujaf-35	222	3	basis	basis	NOUN
gujaf-35	222	4	,	,	PUNCT
gujaf-35	222	5	we	we	PRON
gujaf-35	222	6	therefore	therefore	ADV
gujaf-35	222	7	support	support	VERB
gujaf-35	222	8	the	the	DET
gujaf-35	222	9	alternate	alternate	ADJ
gujaf-35	222	10	hypothesis	hypothesis	NOUN
gujaf-35	222	11	,	,	PUNCT
gujaf-35	222	12	which	which	PRON
gujaf-35	222	13	states	state	VERB
gujaf-35	222	14	that	that	SCONJ
gujaf-35	222	15	growth	growth	NOUN
gujaf-35	222	16	opportunity	opportunity	NOUN
gujaf-35	222	17	has	have	VERB
gujaf-35	222	18	a	a	DET
gujaf-35	222	19	significant	significant	ADJ
gujaf-35	222	20	positive	positive	ADJ
gujaf-35	222	21	effect	effect	NOUN
gujaf-35	222	22	on	on	ADP
gujaf-35	222	23	corporate	corporate	ADJ
gujaf-35	222	24	cash	cash	NOUN
gujaf-35	222	25	holding	holding	NOUN
gujaf-35	222	26	of	of	ADP
gujaf-35	222	27	listed	list	VERB
gujaf-35	222	28	manufacturing	manufacturing	NOUN
gujaf-35	222	29	firms	firm	NOUN
gujaf-35	222	30	in	in	ADP
gujaf-35	222	31	nigeria	nigeria	PROPN
gujaf-35	222	32	.	.	PUNCT
gujaf-35	223	1	from	from	ADP
gujaf-35	223	2	the	the	DET
gujaf-35	223	3	regression	regression	NOUN
gujaf-35	223	4	result	result	NOUN
gujaf-35	223	5	,	,	PUNCT
gujaf-35	223	6	the	the	DET
gujaf-35	223	7	coefficient	coefficient	NOUN
gujaf-35	223	8	value	value	NOUN
gujaf-35	223	9	of	of	ADP
gujaf-35	223	10	research	research	NOUN
gujaf-35	223	11	and	and	CCONJ
gujaf-35	223	12	development	development	NOUN
gujaf-35	223	13	(	(	PUNCT
gujaf-35	223	14	r&d	r&d	NOUN
gujaf-35	223	15	)	)	PUNCT
gujaf-35	223	16	is	be	AUX
gujaf-35	223	17	0.414	0.414	NUM
gujaf-35	223	18	with	with	ADP
gujaf-35	223	19	the	the	DET
gujaf-35	223	20	p	p	NOUN
gujaf-35	223	21	-	-	PUNCT
gujaf-35	223	22	value	value	NOUN
gujaf-35	223	23	of	of	ADP
gujaf-35	223	24	0.000	0.000	NUM
gujaf-35	223	25	.	.	PUNCT
gujaf-35	224	1	the	the	DET
gujaf-35	224	2	implication	implication	NOUN
gujaf-35	224	3	is	be	AUX
gujaf-35	224	4	that	that	SCONJ
gujaf-35	224	5	there	there	PRON
gujaf-35	224	6	is	be	VERB
gujaf-35	224	7	a	a	DET
gujaf-35	224	8	positive	positive	ADJ
gujaf-35	224	9	and	and	CCONJ
gujaf-35	224	10	significant	significant	ADJ
gujaf-35	224	11	relationship	relationship	NOUN
gujaf-35	224	12	between	between	ADP
gujaf-35	224	13	research	research	NOUN
gujaf-35	224	14	and	and	CCONJ
gujaf-35	224	15	development	development	NOUN
gujaf-35	224	16	and	and	CCONJ
gujaf-35	224	17	corporate	corporate	ADJ
gujaf-35	224	18	cash	cash	NOUN
gujaf-35	224	19	holding	holding	NOUN
gujaf-35	224	20	of	of	ADP
gujaf-35	224	21	listed	list	VERB
gujaf-35	224	22	manufacturing	manufacturing	NOUN
gujaf-35	224	23	firms	firm	NOUN
gujaf-35	224	24	in	in	ADP
gujaf-35	224	25	nigeria	nigeria	PROPN
gujaf-35	224	26	.	.	PUNCT
gujaf-35	225	1	this	this	PRON
gujaf-35	225	2	implies	imply	VERB
gujaf-35	225	3	that	that	DET
gujaf-35	225	4	increase	increase	NOUN
gujaf-35	225	5	in	in	ADP
gujaf-35	225	6	research	research	NOUN
gujaf-35	225	7	and	and	CCONJ
gujaf-35	225	8	development	development	NOUN
gujaf-35	225	9	will	will	AUX
gujaf-35	225	10	result	result	VERB
gujaf-35	225	11	to	to	PART
gujaf-35	225	12	increase	increase	VERB
gujaf-35	225	13	in	in	ADP
gujaf-35	225	14	corporate	corporate	ADJ
gujaf-35	225	15	cash	cash	NOUN
gujaf-35	225	16	holding	holding	NOUN
gujaf-35	225	17	.	.	PUNCT
gujaf-35	226	1	this	this	PRON
gujaf-35	226	2	is	be	AUX
gujaf-35	226	3	because	because	SCONJ
gujaf-35	226	4	when	when	SCONJ
gujaf-35	226	5	r&d	r&d	NOUN
gujaf-35	226	6	investment	investment	NOUN
gujaf-35	226	7	changes	change	NOUN
gujaf-35	226	8	,	,	PUNCT
gujaf-35	226	9	cash	cash	NOUN
gujaf-35	226	10	can	can	AUX
gujaf-35	226	11	effectively	effectively	ADV
gujaf-35	226	12	get	get	VERB
gujaf-35	226	13	rid	rid	VERB
gujaf-35	226	14	of	of	ADP
gujaf-35	226	15	financial	financial	ADJ
gujaf-35	226	16	crisis	crisis	NOUN
gujaf-35	226	17	,	,	PUNCT
gujaf-35	226	18	smooth	smooth	ADJ
gujaf-35	226	19	r&d	r&d	NOUN
gujaf-35	226	20	and	and	CCONJ
gujaf-35	226	21	ensure	ensure	VERB
gujaf-35	226	22	enough	enough	ADJ
gujaf-35	226	23	r&d	r&d	NOUN
gujaf-35	226	24	funds	fund	NOUN
gujaf-35	226	25	keep	keep	VERB
gujaf-35	226	26	enterprises	enterprise	NOUN
gujaf-35	226	27	run	run	VERB
gujaf-35	226	28	well	well	ADV
gujaf-35	226	29	.	.	PUNCT
gujaf-35	227	1	this	this	DET
gujaf-35	227	2	finding	finding	NOUN
gujaf-35	227	3	supports	support	VERB
gujaf-35	227	4	the	the	DET
gujaf-35	227	5	findings	finding	NOUN
gujaf-35	227	6	of	of	ADP
gujaf-35	227	7	guney	guney	PROPN
gujaf-35	227	8	et	et	PROPN
gujaf-35	227	9	al	al	PROPN
gujaf-35	227	10	.	.	PUNCT
gujaf-35	228	1	(	(	PUNCT
gujaf-35	228	2	2007	2007	NUM
gujaf-35	228	3	)	)	PUNCT
gujaf-35	228	4	,	,	PUNCT
gujaf-35	228	5	pinkowitz	pinkowitz	PROPN
gujaf-35	228	6	,	,	PUNCT
gujaf-35	228	7	et	et	PROPN
gujaf-35	228	8	al	al	PROPN
gujaf-35	228	9	.	.	PROPN
gujaf-35	228	10	,	,	PUNCT
gujaf-35	228	11	(	(	PUNCT
gujaf-35	228	12	2013	2013	NUM
gujaf-35	228	13	)	)	PUNCT
gujaf-35	228	14	and	and	CCONJ
gujaf-35	228	15	magerakis	mageraki	NOUN
gujaf-35	228	16	et	et	PROPN
gujaf-35	228	17	al	al	PROPN
gujaf-35	228	18	.	.	PROPN
gujaf-35	228	19	,	,	PUNCT
gujaf-35	228	20	(	(	PUNCT
gujaf-35	228	21	2015	2015	NUM
gujaf-35	228	22	)	)	PUNCT
gujaf-35	228	23	.	.	PUNCT
gujaf-35	229	1	on	on	ADP
gujaf-35	229	2	this	this	DET
gujaf-35	229	3	basis	basis	NOUN
gujaf-35	229	4	,	,	PUNCT
gujaf-35	229	5	we	we	PRON
gujaf-35	229	6	therefore	therefore	ADV
gujaf-35	229	7	support	support	VERB
gujaf-35	229	8	the	the	DET
gujaf-35	229	9	alternate	alternate	ADJ
gujaf-35	229	10	hypothesis	hypothesis	NOUN
gujaf-35	229	11	,	,	PUNCT
gujaf-35	229	12	which	which	PRON
gujaf-35	229	13	states	state	VERB
gujaf-35	229	14	that	that	SCONJ
gujaf-35	229	15	research	research	NOUN
gujaf-35	229	16	and	and	CCONJ
gujaf-35	229	17	development	development	NOUN
gujaf-35	229	18	has	have	VERB
gujaf-35	229	19	a	a	DET
gujaf-35	229	20	significant	significant	ADJ
gujaf-35	229	21	positive	positive	ADJ
gujaf-35	229	22	effect	effect	NOUN
gujaf-35	229	23	on	on	ADP
gujaf-35	229	24	corporate	corporate	ADJ
gujaf-35	229	25	cash	cash	NOUN
gujaf-35	229	26	holding	holding	NOUN
gujaf-35	229	27	of	of	ADP
gujaf-35	229	28	listed	list	VERB
gujaf-35	229	29	manufacturing	manufacturing	NOUN
gujaf-35	229	30	firms	firm	NOUN
gujaf-35	229	31	in	in	ADP
gujaf-35	229	32	nigeria	nigeria	PROPN
gujaf-35	229	33	.	.	PUNCT
gujaf-35	230	1	5.0	5.0	NUM
gujaf-35	230	2	conclusion	conclusion	NOUN
gujaf-35	230	3	and	and	CCONJ
gujaf-35	230	4	recommendation	recommendation	VERB
gujaf-35	230	5	the	the	DET
gujaf-35	230	6	choice	choice	NOUN
gujaf-35	230	7	of	of	ADP
gujaf-35	230	8	cash	cash	NOUN
gujaf-35	230	9	maintenance	maintenance	NOUN
gujaf-35	230	10	is	be	AUX
gujaf-35	230	11	a	a	DET
gujaf-35	230	12	completely	completely	ADV
gujaf-35	230	13	sensitive	sensitive	ADJ
gujaf-35	230	14	decision	decision	NOUN
gujaf-35	230	15	-	-	PUNCT
gujaf-35	230	16	making	making	NOUN
gujaf-35	230	17	technique	technique	NOUN
gujaf-35	230	18	of	of	ADP
gujaf-35	230	19	a	a	DET
gujaf-35	230	20	company	company	NOUN
gujaf-35	230	21	;	;	PUNCT
gujaf-35	230	22	such	such	DET
gujaf-35	230	23	a	a	DET
gujaf-35	230	24	decision	decision	NOUN
gujaf-35	230	25	facilitates	facilitate	VERB
gujaf-35	230	26	the	the	DET
gujaf-35	230	27	determination	determination	NOUN
gujaf-35	230	28	of	of	ADP
gujaf-35	230	29	the	the	DET
gujaf-35	230	30	degree	degree	NOUN
gujaf-35	230	31	of	of	ADP
gujaf-35	230	32	adequacy	adequacy	NOUN
gujaf-35	230	33	of	of	ADP
gujaf-35	230	34	the	the	DET
gujaf-35	230	35	cash	cash	NOUN
gujaf-35	230	36	,	,	PUNCT
gujaf-35	230	37	proof	proof	NOUN
gujaf-35	230	38	of	of	ADP
gujaf-35	230	39	the	the	DET
gujaf-35	230	40	companies	company	NOUN
gujaf-35	230	41	on	on	ADP
gujaf-35	230	42	the	the	DET
gujaf-35	230	43	trade	trade	NOUN
gujaf-35	230	44	and	and	CCONJ
gujaf-35	230	45	the	the	DET
gujaf-35	230	46	idle	idle	ADJ
gujaf-35	230	47	cash	cash	NOUN
gujaf-35	230	48	stock	stock	NOUN
gujaf-35	230	49	within	within	ADP
gujaf-35	230	50	their	their	PRON
gujaf-35	230	51	operations	operation	NOUN
gujaf-35	230	52	.	.	PUNCT
gujaf-35	231	1	our	our	PRON
gujaf-35	231	2	study	study	NOUN
gujaf-35	231	3	concludes	conclude	VERB
gujaf-35	231	4	that	that	SCONJ
gujaf-35	231	5	female	female	ADJ
gujaf-35	231	6	independent	independent	ADJ
gujaf-35	231	7	directors	director	NOUN
gujaf-35	231	8	are	be	AUX
gujaf-35	231	9	tough	tough	ADJ
gujaf-35	231	10	monitors	monitor	NOUN
gujaf-35	231	11	who	who	PRON
gujaf-35	231	12	play	play	VERB
gujaf-35	231	13	their	their	PRON
gujaf-35	231	14	role	role	NOUN
gujaf-35	231	15	in	in	ADP
gujaf-35	231	16	mitigating	mitigate	VERB
gujaf-35	231	17	the	the	DET
gujaf-35	231	18	agency	agency	NOUN
gujaf-35	231	19	problem	problem	NOUN
gujaf-35	231	20	of	of	ADP
gujaf-35	231	21	cash	cash	NOUN
gujaf-35	231	22	holdings	holding	NOUN
gujaf-35	231	23	.	.	PUNCT
gujaf-35	232	1	the	the	DET
gujaf-35	232	2	study	study	NOUN
gujaf-35	232	3	also	also	ADV
gujaf-35	232	4	concludes	conclude	VERB
gujaf-35	232	5	that	that	SCONJ
gujaf-35	232	6	investment	investment	NOUN
gujaf-35	232	7	opportunity	opportunity	NOUN
gujaf-35	232	8	,	,	PUNCT
gujaf-35	232	9	leverage	leverage	NOUN
gujaf-35	232	10	and	and	CCONJ
gujaf-35	232	11	research	research	NOUN
gujaf-35	232	12	and	and	CCONJ
gujaf-35	232	13	development	development	NOUN
gujaf-35	232	14	are	be	AUX
gujaf-35	232	15	good	good	ADJ
gujaf-35	232	16	determinant	determinant	ADJ
gujaf-35	232	17	of	of	ADP
gujaf-35	232	18	corporate	corporate	ADJ
gujaf-35	232	19	cash	cash	NOUN
gujaf-35	232	20	holding	holding	NOUN
gujaf-35	232	21	.	.	PUNCT
gujaf-35	233	1	finally	finally	ADV
gujaf-35	233	2	,	,	PUNCT
gujaf-35	233	3	the	the	DET
gujaf-35	233	4	study	study	NOUN
gujaf-35	233	5	concludes	conclude	VERB
gujaf-35	233	6	that	that	SCONJ
gujaf-35	233	7	board	board	NOUN
gujaf-35	233	8	independence	independence	NOUN
gujaf-35	233	9	have	have	VERB
gujaf-35	233	10	insignificant	insignificant	ADJ
gujaf-35	233	11	effect	effect	NOUN
gujaf-35	233	12	on	on	ADP
gujaf-35	233	13	corporate	corporate	ADJ
gujaf-35	233	14	cash	cash	NOUN
gujaf-35	233	15	holding	holding	NOUN
gujaf-35	233	16	of	of	ADP
gujaf-35	233	17	listed	list	VERB
gujaf-35	233	18	manufacturing	manufacturing	NOUN
gujaf-35	233	19	firms	firm	NOUN
gujaf-35	233	20	in	in	ADP
gujaf-35	233	21	nigeria	nigeria	PROPN
gujaf-35	233	22	.	.	PUNCT
gujaf-35	234	1	consequently	consequently	ADV
gujaf-35	234	2	,	,	PUNCT
gujaf-35	234	3	based	base	VERB
gujaf-35	234	4	on	on	ADP
gujaf-35	234	5	the	the	DET
gujaf-35	234	6	conclusions	conclusion	NOUN
gujaf-35	234	7	of	of	ADP
gujaf-35	234	8	our	our	PRON
gujaf-35	234	9	research	research	NOUN
gujaf-35	234	10	,	,	PUNCT
gujaf-35	234	11	the	the	DET
gujaf-35	234	12	study	study	NOUN
gujaf-35	234	13	recommends	recommend	VERB
gujaf-35	234	14	that	that	SCONJ
gujaf-35	234	15	,	,	PUNCT
gujaf-35	234	16	to	to	PART
gujaf-35	234	17	enhance	enhance	VERB
gujaf-35	234	18	the	the	DET
gujaf-35	234	19	effectiveness	effectiveness	NOUN
gujaf-35	234	20	of	of	ADP
gujaf-35	234	21	boards	board	NOUN
gujaf-35	234	22	and	and	CCONJ
gujaf-35	234	23	the	the	DET
gujaf-35	234	24	efficient	efficient	ADJ
gujaf-35	234	25	use	use	NOUN
gujaf-35	234	26	of	of	ADP
gujaf-35	234	27	cash	cash	NOUN
gujaf-35	234	28	,	,	PUNCT
gujaf-35	234	29	firms	firm	NOUN
gujaf-35	234	30	with	with	ADP
gujaf-35	234	31	fewer	few	ADJ
gujaf-35	234	32	women	woman	NOUN
gujaf-35	234	33	on	on	ADP
gujaf-35	234	34	their	their	PRON
gujaf-35	234	35	corporate	corporate	ADJ
gujaf-35	234	36	boards	board	NOUN
gujaf-35	234	37	now	now	ADV
gujaf-35	234	38	should	should	AUX
gujaf-35	234	39	look	look	VERB
gujaf-35	234	40	to	to	PART
gujaf-35	234	41	add	add	VERB
gujaf-35	234	42	more	more	ADJ
gujaf-35	234	43	female	female	ADJ
gujaf-35	234	44	directors	director	NOUN
gujaf-35	234	45	to	to	ADP
gujaf-35	234	46	their	their	PRON
gujaf-35	234	47	boards	board	NOUN
gujaf-35	234	48	.	.	PUNCT
gujaf-35	235	1	managers	manager	NOUN
gujaf-35	235	2	should	should	AUX
gujaf-35	235	3	also	also	ADV
gujaf-35	235	4	rationally	rationally	ADV
gujaf-35	235	5	presume	presume	VERB
gujaf-35	235	6	that	that	SCONJ
gujaf-35	235	7	a	a	DET
gujaf-35	235	8	firm	firm	NOUN
gujaf-35	235	9	with	with	ADP
gujaf-35	235	10	high	high	ADJ
gujaf-35	235	11	quick	quick	ADJ
gujaf-35	235	12	asset	asset	NOUN
gujaf-35	235	13	replacements	replacement	NOUN
gujaf-35	235	14	,	,	PUNCT
gujaf-35	235	15	high	high	ADJ
gujaf-35	235	16	debt	debt	NOUN
gujaf-35	235	17	,	,	PUNCT
gujaf-35	235	18	and	and	CCONJ
gujaf-35	235	19	equity	equity	NOUN
gujaf-35	235	20	expense	expense	NOUN
gujaf-35	235	21	should	should	AUX
gujaf-35	235	22	maintain	maintain	VERB
gujaf-35	235	23	lower	low	ADJ
gujaf-35	235	24	cash	cash	NOUN
gujaf-35	235	25	holdings	holding	NOUN
gujaf-35	235	26	.	.	PUNCT
gujaf-35	236	1	if	if	SCONJ
gujaf-35	236	2	for	for	ADP
gujaf-35	236	3	the	the	DET
gujaf-35	236	4	unusual	unusual	ADJ
gujaf-35	236	5	object	object	NOUN
gujaf-35	236	6	,	,	PUNCT
gujaf-35	236	7	a	a	DET
gujaf-35	236	8	firm	firm	NOUN
gujaf-35	236	9	with	with	ADP
gujaf-35	236	10	high	high	ADJ
gujaf-35	236	11	quick	quick	ADJ
gujaf-35	236	12	asset	asset	NOUN
gujaf-35	236	13	delegates	delegate	NOUN
gujaf-35	236	14	,	,	PUNCT
gujaf-35	236	15	high	high	ADJ
gujaf-35	236	16	debt	debt	NOUN
gujaf-35	236	17	,	,	PUNCT
gujaf-35	236	18	and	and	CCONJ
gujaf-35	236	19	equity	equity	NOUN
gujaf-35	236	20	expense	expense	NOUN
gujaf-35	236	21	has	have	VERB
gujaf-35	236	22	high	high	ADJ
gujaf-35	236	23	cash	cash	NOUN
gujaf-35	236	24	holdings	holding	NOUN
gujaf-35	236	25	,	,	PUNCT
gujaf-35	236	26	this	this	DET
gujaf-35	236	27	force	force	NOUN
gujaf-35	236	28	is	be	AUX
gujaf-35	236	29	a	a	DET
gujaf-35	236	30	flag	flag	NOUN
gujaf-35	236	31	of	of	ADP
gujaf-35	236	32	a	a	DET
gujaf-35	236	33	potential	potential	ADJ
gujaf-35	236	34	agency	agency	NOUN
gujaf-35	236	35	conflict	conflict	NOUN
gujaf-35	236	36	.	.	PUNCT
gujaf-35	237	1	managers	manager	NOUN
gujaf-35	237	2	should	should	AUX
gujaf-35	237	3	avoid	avoid	VERB
gujaf-35	237	4	holding	hold	VERB
gujaf-35	237	5	excessive	excessive	ADJ
gujaf-35	237	6	cash	cash	NOUN
gujaf-35	237	7	reserves	reserve	NOUN
gujaf-35	237	8	as	as	ADP
gujaf-35	237	9	this	this	DET
gujaf-35	237	10	might	might	AUX
gujaf-35	237	11	gusau	gusau	PRON
gujaf-35	237	12	journal	journal	PROPN
gujaf-35	237	13	of	of	ADP
gujaf-35	237	14	accounting	accounting	NOUN
gujaf-35	237	15	and	and	CCONJ
gujaf-35	237	16	finance	finance	NOUN
gujaf-35	237	17	,	,	PUNCT
gujaf-35	237	18	vol	vol	NOUN
gujaf-35	237	19	.	.	PUNCT
gujaf-35	238	1	i	i	PRON
gujaf-35	238	2	,	,	PUNCT
gujaf-35	238	3	issue	issue	NOUN
gujaf-35	238	4	2	2	NUM
gujaf-35	238	5	,	,	PUNCT
gujaf-35	238	6	october	october	PROPN
gujaf-35	238	7	,	,	PUNCT
gujaf-35	238	8	2020	2020	NUM
gujaf-35	238	9	17	17	NUM
gujaf-35	238	10	attract	attract	VERB
gujaf-35	238	11	scrutiny	scrutiny	NOUN
gujaf-35	238	12	from	from	ADP
gujaf-35	238	13	the	the	DET
gujaf-35	238	14	capital	capital	NOUN
gujaf-35	238	15	markets	market	NOUN
gujaf-35	238	16	.	.	PUNCT
gujaf-35	239	1	there	there	PRON
gujaf-35	239	2	should	should	AUX
gujaf-35	239	3	be	be	AUX
gujaf-35	239	4	an	an	DET
gujaf-35	239	5	optimal	optimal	ADJ
gujaf-35	239	6	trade	trade	NOUN
gujaf-35	239	7	-	-	PUNCT
gujaf-35	239	8	off	off	ADP
gujaf-35	239	9	approach	approach	NOUN
gujaf-35	239	10	to	to	ADP
gujaf-35	239	11	cash	cash	NOUN
gujaf-35	239	12	holdings	holding	NOUN
gujaf-35	239	13	,	,	PUNCT
gujaf-35	239	14	and	and	CCONJ
gujaf-35	239	15	also	also	ADV
gujaf-35	239	16	there	there	PRON
gujaf-35	239	17	should	should	AUX
gujaf-35	239	18	be	be	AUX
gujaf-35	239	19	a	a	DET
gujaf-35	239	20	hierarchy	hierarchy	NOUN
gujaf-35	239	21	explanation	explanation	NOUN
gujaf-35	239	22	for	for	ADP
gujaf-35	239	23	holding	hold	VERB
gujaf-35	239	24	excess	excess	ADJ
gujaf-35	239	25	cash	cash	NOUN
gujaf-35	239	26	.	.	PUNCT
gujaf-35	240	1	the	the	DET
gujaf-35	240	2	research	research	NOUN
gujaf-35	240	3	is	be	AUX
gujaf-35	240	4	focused	focus	VERB
gujaf-35	240	5	only	only	ADV
gujaf-35	240	6	on	on	ADP
gujaf-35	240	7	manufacturing	manufacturing	NOUN
gujaf-35	240	8	firms	firm	NOUN
gujaf-35	240	9	listed	list	VERB
gujaf-35	240	10	on	on	ADP
gujaf-35	240	11	the	the	DET
gujaf-35	240	12	nigeria	nigeria	PROPN
gujaf-35	240	13	stock	stock	NOUN
gujaf-35	240	14	market	market	NOUN
gujaf-35	240	15	.	.	PUNCT
gujaf-35	241	1	consequently	consequently	ADV
gujaf-35	241	2	,	,	PUNCT
gujaf-35	241	3	the	the	DET
gujaf-35	241	4	conclusions	conclusion	NOUN
gujaf-35	241	5	of	of	ADP
gujaf-35	241	6	this	this	DET
gujaf-35	241	7	study	study	NOUN
gujaf-35	241	8	can	can	AUX
gujaf-35	241	9	not	not	PART
gujaf-35	241	10	be	be	AUX
gujaf-35	241	11	generalized	generalize	VERB
gujaf-35	241	12	to	to	ADP
gujaf-35	241	13	the	the	DET
gujaf-35	241	14	whole	whole	ADJ
gujaf-35	241	15	market	market	NOUN
gujaf-35	241	16	.	.	PUNCT
gujaf-35	242	1	future	future	ADJ
gujaf-35	242	2	studies	study	NOUN
gujaf-35	242	3	can	can	AUX
gujaf-35	242	4	be	be	AUX
gujaf-35	242	5	researched	research	VERB
gujaf-35	242	6	using	use	VERB
gujaf-35	242	7	the	the	DET
gujaf-35	242	8	same	same	ADJ
gujaf-35	242	9	variables	variable	NOUN
gujaf-35	242	10	for	for	ADP
gujaf-35	242	11	financial	financial	ADJ
gujaf-35	242	12	institution	institution	NOUN
gujaf-35	242	13	firms	firm	NOUN
gujaf-35	242	14	listed	list	VERB
gujaf-35	242	15	on	on	ADP
gujaf-35	242	16	nigeria	nigeria	PROPN
gujaf-35	242	17	stock	stock	NOUN
gujaf-35	242	18	market	market	NOUN
gujaf-35	242	19	or	or	CCONJ
gujaf-35	242	20	for	for	ADP
gujaf-35	242	21	specific	specific	ADJ
gujaf-35	242	22	sectors	sector	NOUN
gujaf-35	242	23	such	such	ADJ
gujaf-35	242	24	as	as	ADP
gujaf-35	242	25	banking	banking	NOUN
gujaf-35	242	26	and	and	CCONJ
gujaf-35	242	27	insurance	insurance	NOUN
gujaf-35	242	28	.	.	PUNCT
gujaf-35	243	1	references	reference	NOUN
gujaf-35	243	2	central	central	PROPN
gujaf-35	243	3	bank	bank	PROPN
gujaf-35	243	4	of	of	ADP
gujaf-35	243	5	nigeria	nigeria	PROPN
gujaf-35	243	6	,	,	PUNCT
gujaf-35	243	7	(	(	PUNCT
gujaf-35	243	8	2010	2010	NUM
gujaf-35	243	9	)	)	PUNCT
gujaf-35	243	10	,	,	PUNCT
gujaf-35	243	11	annual	annual	ADJ
gujaf-35	243	12	report	report	NOUN
gujaf-35	243	13	and	and	CCONJ
gujaf-35	243	14	statement	statement	NOUN
gujaf-35	243	15	of	of	ADP
gujaf-35	243	16	account	account	NOUN
gujaf-35	243	17	.	.	PUNCT
gujaf-35	244	1	retrieved	retrieve	VERB
gujaf-35	244	2	from	from	ADP
gujaf-35	244	3	;	;	PUNCT
gujaf-35	244	4	https://www.cbn.gov.ng/documents/cbnannualreports.asp	https://www.cbn.gov.ng/documents/cbnannualreports.asp	NOUN
gujaf-35	244	5	adetifa	adetifa	NOUN
gujaf-35	244	6	s.b	s.b	PROPN
gujaf-35	244	7	(	(	PUNCT
gujaf-35	244	8	2005	2005	NUM
gujaf-35	244	9	)	)	PUNCT
gujaf-35	244	10	.	.	PUNCT
gujaf-35	245	1	corporate	corporate	ADJ
gujaf-35	245	2	finance	finance	NOUN
gujaf-35	245	3	and	and	CCONJ
gujaf-35	245	4	investment	investment	NOUN
gujaf-35	245	5	strategy	strategy	NOUN
gujaf-35	245	6	.	.	PUNCT
gujaf-35	246	1	lagos	lago	NOUN
gujaf-35	246	2	,	,	PUNCT
gujaf-35	246	3	the	the	DET
gujaf-35	246	4	chartered	chartered	PROPN
gujaf-35	246	5	institute	institute	PROPN
gujaf-35	246	6	of	of	ADP
gujaf-35	246	7	bankers	bankers	PROPN
gujaf-35	246	8	of	of	ADP
gujaf-35	246	9	nigeria	nigeria	PROPN
gujaf-35	246	10	1st	1st	PROPN
gujaf-35	246	11	edition	edition	PROPN
gujaf-35	246	12	schnure	schnure	NOUN
gujaf-35	246	13	,	,	PUNCT
gujaf-35	246	14	c.	c.	PROPN
gujaf-35	246	15	(	(	PUNCT
gujaf-35	246	16	1998	1998	NUM
gujaf-35	246	17	)	)	PUNCT
gujaf-35	246	18	.	.	PUNCT
gujaf-35	247	1	who	who	PRON
gujaf-35	247	2	holds	hold	VERB
gujaf-35	247	3	cash	cash	NOUN
gujaf-35	247	4	?	?	PUNCT
gujaf-35	248	1	and	and	CCONJ
gujaf-35	248	2	why	why	SCONJ
gujaf-35	248	3	?	?	PUNCT
gujaf-35	248	4	.	.	PUNCT
gujaf-35	249	1	federal	federal	PROPN
gujaf-35	249	2	reserve	reserve	PROPN
gujaf-35	249	3	board	board	PROPN
gujaf-35	249	4	,	,	PUNCT
gujaf-35	249	5	working	work	VERB
gujaf-35	249	6	paper	paper	NOUN
gujaf-35	249	7	no	no	INTJ
gujaf-35	249	8	.	.	PROPN
gujaf-35	250	1	13	13	NUM
gujaf-35	251	1	kim	kim	PROPN
gujaf-35	251	2	,	,	PUNCT
gujaf-35	251	3	c.	c.	PROPN
gujaf-35	251	4	,	,	PUNCT
gujaf-35	251	5	mauer	mauer	PROPN
gujaf-35	251	6	,	,	PUNCT
gujaf-35	251	7	d.	d.	PROPN
gujaf-35	251	8	,	,	PUNCT
gujaf-35	251	9	&	&	CCONJ
gujaf-35	251	10	sherman	sherman	PROPN
gujaf-35	251	11	,	,	PUNCT
gujaf-35	251	12	a.	a.	PROPN
gujaf-35	251	13	(	(	PUNCT
gujaf-35	251	14	1998	1998	NUM
gujaf-35	251	15	)	)	PUNCT
gujaf-35	251	16	.	.	PUNCT
gujaf-35	252	1	the	the	DET
gujaf-35	252	2	determinants	determinant	NOUN
gujaf-35	252	3	of	of	ADP
gujaf-35	252	4	corporate	corporate	ADJ
gujaf-35	252	5	liquidity	liquidity	NOUN
gujaf-35	252	6	:	:	PUNCT
gujaf-35	252	7	theory	theory	NOUN
gujaf-35	252	8	and	and	CCONJ
gujaf-35	252	9	evidence	evidence	NOUN
gujaf-35	252	10	.	.	PUNCT
gujaf-35	253	1	journal	journal	NOUN
gujaf-35	253	2	of	of	ADP
gujaf-35	253	3	financial	financial	ADJ
gujaf-35	253	4	and	and	CCONJ
gujaf-35	253	5	quantitative	quantitative	ADJ
gujaf-35	253	6	analysis	analysis	NOUN
gujaf-35	253	7	,	,	PUNCT
gujaf-35	253	8	33(3	33(3	NOUN
gujaf-35	253	9	)	)	PUNCT
gujaf-35	253	10	,	,	PUNCT
gujaf-35	253	11	335	335	NUM
gujaf-35	253	12	-	-	SYM
gujaf-35	253	13	359	359	NUM
gujaf-35	253	14	faulkender	faulkender	NOUN
gujaf-35	253	15	,	,	PUNCT
gujaf-35	253	16	m.	m.	NOUN
gujaf-35	253	17	(	(	PUNCT
gujaf-35	253	18	2002	2002	NUM
gujaf-35	253	19	)	)	PUNCT
gujaf-35	253	20	.	.	PUNCT
gujaf-35	254	1	cash	cash	NOUN
gujaf-35	254	2	holdings	holding	NOUN
gujaf-35	254	3	among	among	ADP
gujaf-35	254	4	small	small	ADJ
gujaf-35	254	5	businesses	business	NOUN
gujaf-35	254	6	.	.	PUNCT
gujaf-35	255	1	ssrn	ssrn	PROPN
gujaf-35	255	2	working	work	VERB
gujaf-35	255	3	paper	paper	PROPN
gujaf-35	255	4	no	no	INTJ
gujaf-35	255	5	.	.	PROPN
gujaf-35	255	6	305179	305179	NUM
gujaf-35	255	7	ferreira	ferreira	PROPN
gujaf-35	255	8	,	,	PUNCT
gujaf-35	255	9	m.	m.	NOUN
gujaf-35	255	10	,	,	PUNCT
gujaf-35	255	11	&	&	CCONJ
gujaf-35	255	12	vilela	vilela	PROPN
gujaf-35	255	13	,	,	PUNCT
gujaf-35	255	14	a.	a.	NOUN
gujaf-35	255	15	(	(	PUNCT
gujaf-35	255	16	2004	2004	NUM
gujaf-35	255	17	)	)	PUNCT
gujaf-35	255	18	.	.	PUNCT
gujaf-35	256	1	why	why	SCONJ
gujaf-35	256	2	do	do	AUX
gujaf-35	256	3	firms	firm	NOUN
gujaf-35	256	4	holds	hold	VERB
gujaf-35	256	5	cash	cash	NOUN
gujaf-35	256	6	?	?	PUNCT
gujaf-35	257	1	evidence	evidence	NOUN
gujaf-35	257	2	from	from	ADP
gujaf-35	257	3	emu	emu	PROPN
gujaf-35	257	4	countries	country	NOUN
gujaf-35	257	5	.	.	PUNCT
gujaf-35	258	1	european	european	PROPN
gujaf-35	258	2	finance	finance	PROPN
gujaf-35	258	3	management	management	NOUN
gujaf-35	258	4	,	,	PUNCT
gujaf-35	258	5	10(2	10(2	NUM
gujaf-35	258	6	)	)	PUNCT
gujaf-35	258	7	,	,	PUNCT
gujaf-35	258	8	295	295	NUM
gujaf-35	258	9	-	-	SYM
gujaf-35	258	10	319	319	NUM
gujaf-35	258	11	ozkan	ozkan	ADJ
gujaf-35	258	12	a.	a.	NOUN
gujaf-35	258	13	,	,	PUNCT
gujaf-35	258	14	&	&	CCONJ
gujaf-35	258	15	ozkan	ozkan	PROPN
gujaf-35	258	16	,	,	PUNCT
gujaf-35	258	17	n.	n.	PROPN
gujaf-35	258	18	(	(	PUNCT
gujaf-35	258	19	2004	2004	NUM
gujaf-35	258	20	)	)	PUNCT
gujaf-35	258	21	.	.	PUNCT
gujaf-35	259	1	corporate	corporate	ADJ
gujaf-35	259	2	cash	cash	NOUN
gujaf-35	259	3	holdings	holding	NOUN
gujaf-35	259	4	:	:	PUNCT
gujaf-35	259	5	an	an	DET
gujaf-35	259	6	empirical	empirical	ADJ
gujaf-35	259	7	investigation	investigation	NOUN
gujaf-35	259	8	of	of	ADP
gujaf-35	259	9	uk	uk	PROPN
gujaf-35	259	10	companies	company	NOUN
gujaf-35	259	11	.	.	PUNCT
gujaf-35	260	1	journal	journal	PROPN
gujaf-35	260	2	of	of	ADP
gujaf-35	260	3	banking	banking	NOUN
gujaf-35	260	4	&	&	CCONJ
gujaf-35	260	5	finance	finance	PROPN
gujaf-35	260	6	,	,	PUNCT
gujaf-35	260	7	28(1	28(1	NOUN
gujaf-35	260	8	)	)	PUNCT
gujaf-35	260	9	,	,	PUNCT
gujaf-35	260	10	2103	2103	NUM
gujaf-35	260	11	-	-	SYM
gujaf-35	260	12	2134	2134	NUM
gujaf-35	260	13	almeida	almeida	PROPN
gujaf-35	260	14	,	,	PUNCT
gujaf-35	260	15	h.	h.	PROPN
gujaf-35	260	16	,	,	PUNCT
gujaf-35	260	17	campello	campello	ADJ
gujaf-35	260	18	m.	m.	NOUN
gujaf-35	260	19	,	,	PUNCT
gujaf-35	260	20	&	&	CCONJ
gujaf-35	260	21	weisbach	weisbach	NOUN
gujaf-35	260	22	m.	m.	NOUN
gujaf-35	260	23	(	(	PUNCT
gujaf-35	260	24	2004	2004	NUM
gujaf-35	260	25	)	)	PUNCT
gujaf-35	260	26	.	.	PUNCT
gujaf-35	261	1	the	the	DET
gujaf-35	261	2	cash	cash	NOUN
gujaf-35	261	3	flow	flow	NOUN
gujaf-35	261	4	sensitivity	sensitivity	NOUN
gujaf-35	261	5	of	of	ADP
gujaf-35	261	6	cash	cash	NOUN
gujaf-35	261	7	.	.	PUNCT
gujaf-35	262	1	journal	journal	PROPN
gujaf-35	262	2	of	of	ADP
gujaf-35	262	3	finance	finance	NOUN
gujaf-35	262	4	,	,	PUNCT
gujaf-35	262	5	59(4	59(4	NUM
gujaf-35	262	6	)	)	PUNCT
gujaf-35	262	7	,	,	PUNCT
gujaf-35	262	8	1777–1804	1777–1804	NUM
gujaf-35	262	9	.	.	PUNCT
gujaf-35	263	1	chen	chen	PROPN
gujaf-35	263	2	,	,	PUNCT
gujaf-35	263	3	n.	n.	PROPN
gujaf-35	263	4	,	,	PUNCT
gujaf-35	263	5	&	&	CCONJ
gujaf-35	263	6	mahajan	mahajan	PROPN
gujaf-35	263	7	,	,	PUNCT
gujaf-35	263	8	a.	a.	PROPN
gujaf-35	263	9	(	(	PUNCT
gujaf-35	263	10	2010	2010	NUM
gujaf-35	263	11	)	)	PUNCT
gujaf-35	263	12	.	.	PUNCT
gujaf-35	264	1	the	the	DET
gujaf-35	264	2	euro	euro	NOUN
gujaf-35	264	3	and	and	CCONJ
gujaf-35	264	4	corporate	corporate	ADJ
gujaf-35	264	5	liquidity	liquidity	NOUN
gujaf-35	264	6	.	.	PUNCT
gujaf-35	265	1	international	international	ADJ
gujaf-35	265	2	research	research	PROPN
gujaf-35	265	3	journal	journal	NOUN
gujaf-35	265	4	of	of	ADP
gujaf-35	265	5	finance	finance	NOUN
gujaf-35	265	6	and	and	CCONJ
gujaf-35	265	7	economics	economic	NOUN
gujaf-35	265	8	,	,	PUNCT
gujaf-35	265	9	36(1	36(1	NUM
gujaf-35	265	10	)	)	PUNCT
gujaf-35	265	11	,	,	PUNCT
gujaf-35	265	12	133	133	NUM
gujaf-35	265	13	-	-	SYM
gujaf-35	265	14	146	146	NUM
gujaf-35	265	15	alzoubi	alzoubi	ADJ
gujaf-35	265	16	,	,	PUNCT
gujaf-35	265	17	t.	t.	PROPN
gujaf-35	265	18	(	(	PUNCT
gujaf-35	265	19	2013	2013	NUM
gujaf-35	265	20	)	)	PUNCT
gujaf-35	265	21	.	.	PUNCT
gujaf-35	266	1	corporate	corporate	ADJ
gujaf-35	266	2	cash	cash	NOUN
gujaf-35	266	3	-	-	PUNCT
gujaf-35	266	4	holding	hold	VERB
gujaf-35	266	5	decisions	decision	NOUN
gujaf-35	266	6	:	:	PUNCT
gujaf-35	266	7	amman	amman	PROPN
gujaf-35	266	8	stock	stock	PROPN
gujaf-35	266	9	exchange	exchange	PROPN
gujaf-35	266	10	.	.	PUNCT
gujaf-35	267	1	phd	phd	NOUN
gujaf-35	267	2	dissertation	dissertation	NOUN
gujaf-35	267	3	,	,	PUNCT
gujaf-35	267	4	brunel	brunel	PROPN
gujaf-35	267	5	university	university	PROPN
gujaf-35	267	6	,	,	PUNCT
gujaf-35	267	7	london	london	PROPN
gujaf-35	267	8	,	,	PUNCT
gujaf-35	267	9	uk	uk	PROPN
gujaf-35	267	10	.	.	PROPN
gujaf-35	267	11	opler	opler	PROPN
gujaf-35	267	12	,	,	PUNCT
gujaf-35	267	13	t.	t.	PROPN
gujaf-35	267	14	,	,	PUNCT
gujaf-35	267	15	pinkowitz	pinkowitz	PROPN
gujaf-35	267	16	,	,	PUNCT
gujaf-35	267	17	l.	l.	PROPN
gujaf-35	267	18	,	,	PUNCT
gujaf-35	267	19	stulz	stulz	ADJ
gujaf-35	267	20	,	,	PUNCT
gujaf-35	267	21	r.	r.	PROPN
gujaf-35	267	22	,	,	PUNCT
gujaf-35	267	23	&	&	CCONJ
gujaf-35	267	24	williamson	williamson	PROPN
gujaf-35	267	25	,	,	PUNCT
gujaf-35	267	26	r.	r.	PROPN
gujaf-35	267	27	(	(	PUNCT
gujaf-35	267	28	1999	1999	NUM
gujaf-35	267	29	)	)	PUNCT
gujaf-35	267	30	.	.	PUNCT
gujaf-35	268	1	the	the	DET
gujaf-35	268	2	determinants	determinant	NOUN
gujaf-35	268	3	and	and	CCONJ
gujaf-35	268	4	implications	implication	NOUN
gujaf-35	268	5	of	of	ADP
gujaf-35	268	6	corporate	corporate	ADJ
gujaf-35	268	7	cash	cash	NOUN
gujaf-35	268	8	holdings	holding	NOUN
gujaf-35	268	9	.	.	PUNCT
gujaf-35	269	1	journal	journal	NOUN
gujaf-35	269	2	of	of	ADP
gujaf-35	269	3	financial	financial	ADJ
gujaf-35	269	4	economics	economic	NOUN
gujaf-35	269	5	,	,	PUNCT
gujaf-35	269	6	52(1	52(1	NOUN
gujaf-35	269	7	)	)	PUNCT
gujaf-35	269	8	,	,	PUNCT
gujaf-35	269	9	3	3	NUM
gujaf-35	269	10	-	-	SYM
gujaf-35	269	11	46	46	NUM
gujaf-35	269	12	faulkender	faulkender	NOUN
gujaf-35	269	13	,	,	PUNCT
gujaf-35	269	14	m.	m.	NOUN
gujaf-35	269	15	,	,	PUNCT
gujaf-35	269	16	&	&	CCONJ
gujaf-35	269	17	wang	wang	PROPN
gujaf-35	269	18	,	,	PUNCT
gujaf-35	269	19	r.	r.	PROPN
gujaf-35	269	20	(	(	PUNCT
gujaf-35	269	21	2006	2006	NUM
gujaf-35	269	22	)	)	PUNCT
gujaf-35	269	23	.	.	PUNCT
gujaf-35	270	1	corporate	corporate	ADJ
gujaf-35	270	2	financial	financial	ADJ
gujaf-35	270	3	policy	policy	NOUN
gujaf-35	270	4	and	and	CCONJ
gujaf-35	270	5	the	the	DET
gujaf-35	270	6	value	value	NOUN
gujaf-35	270	7	of	of	ADP
gujaf-35	270	8	cash	cash	NOUN
gujaf-35	270	9	.	.	PUNCT
gujaf-35	271	1	the	the	DET
gujaf-35	271	2	journal	journal	PROPN
gujaf-35	271	3	of	of	ADP
gujaf-35	271	4	finance	finance	NOUN
gujaf-35	271	5	,	,	PUNCT
gujaf-35	271	6	61(4	61(4	NUM
gujaf-35	271	7	)	)	PUNCT
gujaf-35	271	8	,	,	PUNCT
gujaf-35	271	9	1957	1957	NUM
gujaf-35	271	10	-	-	SYM
gujaf-35	271	11	1990	1990	NUM
gujaf-35	271	12	aslam	aslam	PROPN
gujaf-35	271	13	,	,	PUNCT
gujaf-35	271	14	e.	e.	PROPN
gujaf-35	271	15	(	(	PUNCT
gujaf-35	271	16	2019	2019	NUM
gujaf-35	271	17	)	)	PUNCT
gujaf-35	271	18	.	.	PUNCT
gujaf-35	272	1	do	do	VERB
gujaf-35	272	2	cash	cash	NOUN
gujaf-35	272	3	holding	holding	NOUN
gujaf-35	272	4	and	and	CCONJ
gujaf-35	272	5	corporate	corporate	ADJ
gujaf-35	272	6	governance	governance	NOUN
gujaf-35	272	7	structure	structure	NOUN
gujaf-35	272	8	matter	matter	NOUN
gujaf-35	272	9	for	for	ADP
gujaf-35	272	10	the	the	DET
gujaf-35	272	11	performance	performance	NOUN
gujaf-35	272	12	of	of	ADP
gujaf-35	272	13	firms	firm	NOUN
gujaf-35	272	14	 	 	SPACE
gujaf-35	272	15	?	?	PUNCT
gujaf-35	273	1	evidence	evidence	NOUN
gujaf-35	273	2	from	from	ADP
gujaf-35	273	3	kmi	kmi	PROPN
gujaf-35	273	4	30and	30and	PROPN
gujaf-35	273	5	kse	kse	PROPN
gujaf-35	273	6	100https://www.cbn.gov.ng/documents/cbnannualreports.asp	100https://www.cbn.gov.ng/documents/cbnannualreports.asp	PROPN
gujaf-35	273	7	gusau	gusau	PROPN
gujaf-35	273	8	journal	journal	PROPN
gujaf-35	273	9	of	of	ADP
gujaf-35	273	10	accounting	accounting	NOUN
gujaf-35	273	11	and	and	CCONJ
gujaf-35	273	12	finance	finance	NOUN
gujaf-35	273	13	,	,	PUNCT
gujaf-35	273	14	vol	vol	NOUN
gujaf-35	273	15	.	.	PUNCT
gujaf-35	274	1	i	i	PRON
gujaf-35	274	2	,	,	PUNCT
gujaf-35	274	3	issue	issue	NOUN
gujaf-35	274	4	2	2	NUM
gujaf-35	274	5	,	,	PUNCT
gujaf-35	274	6	october	october	PROPN
gujaf-35	274	7	,	,	PUNCT
gujaf-35	274	8	2020	2020	NUM
gujaf-35	274	9	18	18	NUM
gujaf-35	274	10	indexed	index	VERB
gujaf-35	274	11	firms	firm	NOUN
gujaf-35	274	12	in	in	ADP
gujaf-35	274	13	pakistan	pakistan	PROPN
gujaf-35	274	14	.	.	PUNCT
gujaf-35	275	1	global	global	ADJ
gujaf-35	275	2	business	business	PROPN
gujaf-35	275	3	review	review	PROPN
gujaf-35	275	4	.	.	PUNCT
gujaf-35	276	1	https://doi.org/10.1177/0972150918825202	https://doi.org/10.1177/0972150918825202	PROPN
gujaf-35	276	2	atif	atif	PROPN
gujaf-35	276	3	,	,	PUNCT
gujaf-35	276	4	m.	m.	NOUN
gujaf-35	276	5	,	,	PUNCT
gujaf-35	276	6	liu	liu	PROPN
gujaf-35	276	7	,	,	PUNCT
gujaf-35	276	8	b.	b.	PROPN
gujaf-35	276	9	,	,	PUNCT
gujaf-35	276	10	&	&	CCONJ
gujaf-35	276	11	huang	huang	PROPN
gujaf-35	276	12	,	,	PUNCT
gujaf-35	276	13	a.	a.	PROPN
gujaf-35	276	14	(	(	PUNCT
gujaf-35	276	15	2019	2019	NUM
gujaf-35	276	16	)	)	PUNCT
gujaf-35	276	17	.	.	PUNCT
gujaf-35	277	1	does	do	AUX
gujaf-35	277	2	board	board	VERB
gujaf-35	277	3	gender	gender	NOUN
gujaf-35	277	4	diversity	diversity	NOUN
gujaf-35	277	5	affect	affect	VERB
gujaf-35	277	6	corporate	corporate	ADJ
gujaf-35	277	7	cash	cash	NOUN
gujaf-35	277	8	holdings	holding	NOUN
gujaf-35	277	9	?	?	PUNCT
gujaf-35	278	1	journal	journal	NOUN
gujaf-35	278	2	of	of	ADP
gujaf-35	278	3	business	business	NOUN
gujaf-35	278	4	finance	finance	NOUN
gujaf-35	278	5	and	and	CCONJ
gujaf-35	278	6	accounting	accounting	NOUN
gujaf-35	278	7	,	,	PUNCT
gujaf-35	278	8	46(7–8	46(7–8	PROPN
gujaf-35	278	9	)	)	PUNCT
gujaf-35	278	10	,	,	PUNCT
gujaf-35	278	11	1003–1029	1003–1029	NUM
gujaf-35	278	12	.	.	PUNCT
gujaf-35	278	13	https://doi.org/10.1111/jbfa.12397	https://doi.org/10.1111/jbfa.12397	PROPN
gujaf-35	278	14	barasa	barasa	PROPN
gujaf-35	278	15	,	,	PUNCT
gujaf-35	278	16	c.	c.	PROPN
gujaf-35	278	17	,	,	PUNCT
gujaf-35	278	18	achoki	achoki	PROPN
gujaf-35	278	19	,	,	PUNCT
gujaf-35	278	20	g.	g.	PROPN
gujaf-35	278	21	,	,	PUNCT
gujaf-35	278	22	&	&	CCONJ
gujaf-35	278	23	njuguna	njuguna	PROPN
gujaf-35	278	24	,	,	PUNCT
gujaf-35	278	25	a.	a.	NOUN
gujaf-35	278	26	(	(	PUNCT
gujaf-35	278	27	2018	2018	NUM
gujaf-35	278	28	)	)	PUNCT
gujaf-35	278	29	.	.	PUNCT
gujaf-35	279	1	determinants	determinant	NOUN
gujaf-35	279	2	of	of	ADP
gujaf-35	279	3	corporate	corporate	ADJ
gujaf-35	279	4	cash	cash	NOUN
gujaf-35	279	5	holding	holding	NOUN
gujaf-35	279	6	of	of	ADP
gujaf-35	279	7	non	non	ADJ
gujaf-35	279	8	-	-	ADJ
gujaf-35	279	9	financial	financial	ADJ
gujaf-35	279	10	firms	firm	NOUN
gujaf-35	279	11	listed	list	VERB
gujaf-35	279	12	on	on	ADP
gujaf-35	279	13	the	the	DET
gujaf-35	279	14	nairobi	nairobi	PROPN
gujaf-35	279	15	securities	securities	PROPN
gujaf-35	279	16	exchange	exchange	PROPN
gujaf-35	279	17	.	.	PUNCT
gujaf-35	280	1	international	international	ADJ
gujaf-35	280	2	journal	journal	PROPN
gujaf-35	280	3	of	of	ADP
gujaf-35	280	4	business	business	NOUN
gujaf-35	280	5	and	and	CCONJ
gujaf-35	280	6	management	management	NOUN
gujaf-35	280	7	13(9	13(9	NUM
gujaf-35	280	8	)	)	PUNCT
gujaf-35	280	9	,	,	PUNCT
gujaf-35	280	10	222	222	NUM
gujaf-35	280	11	–	–	PUNCT
gujaf-35	280	12	235	235	NUM
gujaf-35	280	13	.	.	PUNCT
gujaf-35	280	14	https://doi.org/10.5539/ijbm.v13n9p222	https://doi.org/10.5539/ijbm.v13n9p222	NOUN
gujaf-35	280	15	boubaker	boubaker	NOUN
gujaf-35	280	16	,	,	PUNCT
gujaf-35	280	17	s.	s.	PROPN
gujaf-35	280	18	,	,	PUNCT
gujaf-35	280	19	derouiche	derouiche	PROPN
gujaf-35	280	20	,	,	PUNCT
gujaf-35	280	21	i.	i.	PROPN
gujaf-35	280	22	,	,	PUNCT
gujaf-35	280	23	&	&	CCONJ
gujaf-35	280	24	nguyen	nguyen	PROPN
gujaf-35	280	25	,	,	PUNCT
gujaf-35	280	26	d.	d.	PROPN
gujaf-35	280	27	k.	k.	PROPN
gujaf-35	280	28	(	(	PUNCT
gujaf-35	280	29	2015	2015	NUM
gujaf-35	280	30	)	)	PUNCT
gujaf-35	280	31	.	.	PUNCT
gujaf-35	281	1	does	do	AUX
gujaf-35	281	2	the	the	DET
gujaf-35	281	3	board	board	NOUN
gujaf-35	281	4	of	of	ADP
gujaf-35	281	5	directors	director	NOUN
gujaf-35	281	6	affect	affect	VERB
gujaf-35	281	7	cash	cash	NOUN
gujaf-35	281	8	holdings	holding	NOUN
gujaf-35	281	9	?	?	PUNCT
gujaf-35	282	1	a	a	DET
gujaf-35	282	2	study	study	NOUN
gujaf-35	282	3	of	of	ADP
gujaf-35	282	4	french	french	ADJ
gujaf-35	282	5	listed	list	VERB
gujaf-35	282	6	firms	firm	NOUN
gujaf-35	282	7	.	.	PUNCT
gujaf-35	283	1	in	in	ADP
gujaf-35	283	2	journal	journal	NOUN
gujaf-35	283	3	of	of	ADP
gujaf-35	283	4	management	management	NOUN
gujaf-35	283	5	and	and	CCONJ
gujaf-35	283	6	governance	governance	NOUN
gujaf-35	283	7	(	(	PUNCT
gujaf-35	283	8	vol	vol	NOUN
gujaf-35	283	9	.	.	PROPN
gujaf-35	283	10	19	19	NUM
gujaf-35	283	11	,	,	PUNCT
gujaf-35	283	12	issue	issue	NOUN
gujaf-35	283	13	2	2	NUM
gujaf-35	283	14	)	)	PUNCT
gujaf-35	283	15	.	.	PUNCT
gujaf-35	284	1	https://doi.org/10.1007/s10997-013-9261-x	https://doi.org/10.1007/s10997-013-9261-x	PROPN
gujaf-35	284	2	eze	eze	PROPN
gujaf-35	284	3	,	,	PUNCT
gujaf-35	284	4	o.	o.	PROPN
gujaf-35	284	5	r.	r.	PROPN
gujaf-35	284	6	,	,	PUNCT
gujaf-35	284	7	&	&	CCONJ
gujaf-35	284	8	ogiji	ogiji	PROPN
gujaf-35	284	9	,	,	PUNCT
gujaf-35	284	10	f.	f.	PROPN
gujaf-35	284	11	o.	o.	PROPN
gujaf-35	284	12	(	(	PUNCT
gujaf-35	284	13	2013	2013	NUM
gujaf-35	284	14	)	)	PUNCT
gujaf-35	284	15	.	.	PUNCT
gujaf-35	285	1	impact	impact	NOUN
gujaf-35	285	2	of	of	ADP
gujaf-35	285	3	fiscal	fiscal	ADJ
gujaf-35	285	4	policy	policy	NOUN
gujaf-35	285	5	on	on	ADP
gujaf-35	285	6	the	the	DET
gujaf-35	285	7	manufacturing	manufacturing	NOUN
gujaf-35	285	8	sector	sector	NOUN
gujaf-35	285	9	output	output	NOUN
gujaf-35	285	10	in	in	ADP
gujaf-35	285	11	nigeria	nigeria	PROPN
gujaf-35	285	12	.	.	PUNCT
gujaf-35	286	1	international	international	ADJ
gujaf-35	286	2	journal	journal	PROPN
gujaf-35	286	3	of	of	ADP
gujaf-35	286	4	business	business	NOUN
gujaf-35	286	5	and	and	CCONJ
gujaf-35	286	6	management	management	NOUN
gujaf-35	286	7	review	review	NOUN
gujaf-35	286	8	,	,	PUNCT
gujaf-35	286	9	1(3	1(3	NUM
gujaf-35	286	10	)	)	PUNCT
gujaf-35	286	11	,	,	PUNCT
gujaf-35	286	12	35–55	35–55	NUM
gujaf-35	286	13	.	.	PUNCT
gujaf-35	287	1	gujarati	gujarati	PROPN
gujaf-35	287	2	,	,	PUNCT
gujaf-35	287	3	d.	d.	PROPN
gujaf-35	287	4	n.	n.	PROPN
gujaf-35	287	5	(	(	PUNCT
gujaf-35	287	6	2004	2004	NUM
gujaf-35	287	7	)	)	PUNCT
gujaf-35	287	8	.	.	PUNCT
gujaf-35	288	1	basic	basic	ADJ
gujaf-35	288	2	econometrics	econometric	NOUN
gujaf-35	288	3	.	.	PUNCT
gujaf-35	289	1	in	in	ADP
gujaf-35	289	2	basic	basic	ADJ
gujaf-35	289	3	econometrics	econometric	NOUN
gujaf-35	289	4	:	:	PUNCT
gujaf-35	289	5	palgrave	palgrave	PROPN
gujaf-35	289	6	macmillan	macmillan	PROPN
gujaf-35	289	7	(	(	PUNCT
gujaf-35	289	8	eds	eds	PROPN
gujaf-35	289	9	)	)	PUNCT
gujaf-35	289	10	the	the	DET
gujaf-35	289	11	new	new	ADJ
gujaf-35	289	12	palgrave	palgrave	NOUN
gujaf-35	289	13	of	of	ADP
gujaf-35	289	14	economics	economic	NOUN
gujaf-35	289	15	.	.	PUNCT
gujaf-35	290	1	palgrave	palgrave	PROPN
gujaf-35	290	2	macmillan	macmillan	PROPN
gujaf-35	290	3	,	,	PUNCT
gujaf-35	290	4	london	london	PROPN
gujaf-35	290	5	.	.	PUNCT
gujaf-35	290	6	https://doi.org/10.1057/978-1-349-95121-5_188-2	https://doi.org/10.1057/978-1-349-95121-5_188-2	PUNCT
gujaf-35	290	7	hair	hair	NOUN
gujaf-35	290	8	,	,	PUNCT
gujaf-35	290	9	j.	j.	PROPN
gujaf-35	290	10	f.	f.	PROPN
gujaf-35	290	11	.	.	PROPN
gujaf-35	291	1	,	,	PUNCT
gujaf-35	291	2	black	black	PROPN
gujaf-35	291	3	,	,	PUNCT
gujaf-35	291	4	w.	w.	PROPN
gujaf-35	291	5	c.	c.	PROPN
gujaf-35	291	6	,	,	PUNCT
gujaf-35	291	7	babin	babin	PROPN
gujaf-35	291	8	,	,	PUNCT
gujaf-35	291	9	b.	b.	PROPN
gujaf-35	291	10	j.	j.	PROPN
gujaf-35	291	11	,	,	PUNCT
gujaf-35	291	12	&	&	CCONJ
gujaf-35	291	13	anderson	anderson	PROPN
gujaf-35	291	14	,	,	PUNCT
gujaf-35	291	15	r.	r.	PROPN
gujaf-35	291	16	e.	e.	PROPN
gujaf-35	291	17	(	(	PUNCT
gujaf-35	291	18	2014	2014	NUM
gujaf-35	291	19	)	)	PUNCT
gujaf-35	291	20	.	.	PUNCT
gujaf-35	292	1	multivariate	multivariate	NOUN
gujaf-35	292	2	data	datum	NOUN
gujaf-35	292	3	analysis	analysis	NOUN
gujaf-35	292	4	black	black	ADJ
gujaf-35	292	5	seventh	seventh	ADJ
gujaf-35	292	6	edition	edition	PROPN
gujaf-35	292	7	.	.	PUNCT
gujaf-35	292	8	j.m.wooldridge	j.m.wooldridge	PROPN
gujaf-35	292	9	.	.	PUNCT
gujaf-35	293	1	(	(	PUNCT
gujaf-35	293	2	2011	2011	NUM
gujaf-35	293	3	)	)	PUNCT
gujaf-35	293	4	.	.	PUNCT
gujaf-35	294	1	introductory	introductory	ADJ
gujaf-35	294	2	econometrics	econometric	NOUN
gujaf-35	294	3	.	.	PUNCT
gujaf-35	295	1	in	in	ADP
gujaf-35	295	2	journal	journal	NOUN
gujaf-35	295	3	of	of	ADP
gujaf-35	295	4	contaminant	contaminant	ADJ
gujaf-35	295	5	hydrology	hydrology	NOUN
gujaf-35	295	6	(	(	PUNCT
gujaf-35	295	7	vols	vol	NOUN
gujaf-35	295	8	.	.	PUNCT
gujaf-35	296	1	120–121	120–121	NUM
gujaf-35	296	2	)	)	PUNCT
gujaf-35	296	3	.	.	PUNCT
gujaf-35	297	1	https://doi.org/10.1016/j.jconhyd.2010.08.009	https://doi.org/10.1016/j.jconhyd.2010.08.009	X
gujaf-35	297	2	lawrencia	lawrencia	PROPN
gujaf-35	297	3	,	,	PUNCT
gujaf-35	297	4	olatunde	olatunde	NOUN
gujaf-35	297	5	,	,	PUNCT
gujaf-35	297	6	o.	o.	PROPN
gujaf-35	297	7	,	,	PUNCT
gujaf-35	297	8	sunday	sunday	PROPN
gujaf-35	297	9	,	,	PUNCT
gujaf-35	297	10	emmanuel	emmanuel	PROPN
gujaf-35	297	11	,	,	PUNCT
gujaf-35	297	12	o.	o.	PROPN
gujaf-35	297	13	,	,	PUNCT
gujaf-35	297	14	&	&	CCONJ
gujaf-35	297	15	samuel	samuel	PROPN
gujaf-35	297	16	,	,	PUNCT
gujaf-35	297	17	kehinde	kehinde	NOUN
gujaf-35	297	18	,	,	PUNCT
gujaf-35	297	19	a.	a.	NOUN
gujaf-35	297	20	(	(	PUNCT
gujaf-35	297	21	2012	2012	NUM
gujaf-35	297	22	)	)	PUNCT
gujaf-35	297	23	.	.	PUNCT
gujaf-35	298	1	cash	cash	NOUN
gujaf-35	298	2	holding	holding	NOUN
gujaf-35	298	3	and	and	CCONJ
gujaf-35	298	4	firm	firm	ADJ
gujaf-35	298	5	characteristics	characteristic	NOUN
gujaf-35	298	6	:	:	PUNCT
gujaf-35	298	7	evidence	evidence	NOUN
gujaf-35	298	8	from	from	ADP
gujaf-35	298	9	nigerian	nigerian	ADJ
gujaf-35	298	10	emerging	emerge	VERB
gujaf-35	298	11	market	market	NOUN
gujaf-35	298	12	.	.	PUNCT
gujaf-35	299	1	journal	journal	NOUN
gujaf-35	299	2	of	of	ADP
gujaf-35	299	3	business	business	NOUN
gujaf-35	299	4	,	,	PUNCT
gujaf-35	299	5	economics	economics	PROPN
gujaf-35	299	6	&	&	CCONJ
gujaf-35	299	7	finance	finance	PROPN
gujaf-35	299	8	,	,	PUNCT
gujaf-35	299	9	1	1	NUM
gujaf-35	299	10	,	,	PUNCT
gujaf-35	299	11	45–58	45–58	NUM
gujaf-35	299	12	.	.	PUNCT
gujaf-35	300	1	magerakis	magerakis	PROPN
gujaf-35	300	2	,	,	PUNCT
gujaf-35	300	3	e.	e.	PROPN
gujaf-35	300	4	,	,	PUNCT
gujaf-35	300	5	siriopoulos	siriopoulos	PROPN
gujaf-35	300	6	,	,	PUNCT
gujaf-35	300	7	c.	c.	PROPN
gujaf-35	300	8	,	,	PUNCT
gujaf-35	300	9	&	&	CCONJ
gujaf-35	300	10	tsagkanos	tsagkanos	PROPN
gujaf-35	300	11	,	,	PUNCT
gujaf-35	300	12	a.	a.	NOUN
gujaf-35	300	13	(	(	PUNCT
gujaf-35	300	14	2015	2015	NUM
gujaf-35	300	15	)	)	PUNCT
gujaf-35	300	16	.	.	PUNCT
gujaf-35	301	1	cash	cash	NOUN
gujaf-35	301	2	holdings	holding	NOUN
gujaf-35	301	3	and	and	CCONJ
gujaf-35	301	4	firm	firm	ADJ
gujaf-35	301	5	characteristics	characteristic	NOUN
gujaf-35	301	6	 	 	SPACE
gujaf-35	301	7	:	:	PUNCT
gujaf-35	301	8	evidence	evidence	NOUN
gujaf-35	301	9	from	from	ADP
gujaf-35	301	10	uk	uk	PROPN
gujaf-35	301	11	market	market	NOUN
gujaf-35	301	12	.	.	PUNCT
gujaf-35	302	1	2(1	2(1	NUM
gujaf-35	302	2	)	)	PUNCT
gujaf-35	303	1	,	,	PUNCT
gujaf-35	303	2	19–43	19–43	X
gujaf-35	303	3	.	.	PUNCT
gujaf-35	303	4	sheikh	sheikh	PROPN
gujaf-35	303	5	,	,	PUNCT
gujaf-35	303	6	n.	n.	NOUN
gujaf-35	303	7	,	,	PUNCT
gujaf-35	303	8	&	&	CCONJ
gujaf-35	303	9	khan	khan	PROPN
gujaf-35	303	10	,	,	PUNCT
gujaf-35	303	11	m.	m.	NOUN
gujaf-35	303	12	(	(	PUNCT
gujaf-35	303	13	2015	2015	NUM
gujaf-35	303	14	)	)	PUNCT
gujaf-35	303	15	.	.	PUNCT
gujaf-35	304	1	the	the	DET
gujaf-35	304	2	impact	impact	NOUN
gujaf-35	304	3	of	of	ADP
gujaf-35	304	4	board	board	NOUN
gujaf-35	304	5	attributes	attribute	NOUN
gujaf-35	304	6	and	and	CCONJ
gujaf-35	304	7	insider	insider	NOUN
gujaf-35	304	8	ownership	ownership	NOUN
gujaf-35	304	9	on	on	ADP
gujaf-35	304	10	corporate	corporate	ADJ
gujaf-35	304	11	cash	cash	NOUN
gujaf-35	304	12	holdings	holding	NOUN
gujaf-35	304	13	:	:	PUNCT
gujaf-35	304	14	evidence	evidence	NOUN
gujaf-35	304	15	from	from	ADP
gujaf-35	304	16	pakistan	pakistan	PROPN
gujaf-35	304	17	.	.	PUNCT
gujaf-35	305	1	pakistan	pakistan	PROPN
gujaf-35	305	2	journal	journal	PROPN
gujaf-35	305	3	of	of	ADP
gujaf-35	305	4	commerce	commerce	PROPN
gujaf-35	305	5	and	and	CCONJ
gujaf-35	305	6	social	social	ADJ
gujaf-35	305	7	sciences	science	NOUN
gujaf-35	305	8	(	(	PUNCT
gujaf-35	305	9	pjcss	pjcss	ADJ
gujaf-35	305	10	)	)	PUNCT
gujaf-35	305	11	,	,	PUNCT
gujaf-35	305	12	9(1	9(1	NUM
gujaf-35	305	13	)	)	PUNCT
gujaf-35	305	14	,	,	PUNCT
gujaf-35	305	15	52–68	52–68	NUM
gujaf-35	305	16	.	.	PUNCT
gujaf-35	306	1	dittmar	dittmar	PROPN
gujaf-35	306	2	,	,	PUNCT
gujaf-35	306	3	a.	a.	NOUN
gujaf-35	306	4	,	,	PUNCT
gujaf-35	306	5	&	&	CCONJ
gujaf-35	306	6	mahrt	mahrt	PROPN
gujaf-35	306	7	-	-	PUNCT
gujaf-35	306	8	smith	smith	PROPN
gujaf-35	306	9	,	,	PUNCT
gujaf-35	306	10	j.	j.	PROPN
gujaf-35	306	11	(	(	PUNCT
gujaf-35	306	12	2007	2007	NUM
gujaf-35	306	13	)	)	PUNCT
gujaf-35	306	14	.	.	PUNCT
gujaf-35	307	1	corporate	corporate	ADJ
gujaf-35	307	2	governance	governance	NOUN
gujaf-35	307	3	and	and	CCONJ
gujaf-35	307	4	the	the	DET
gujaf-35	307	5	value	value	NOUN
gujaf-35	307	6	of	of	ADP
gujaf-35	307	7	cash	cash	NOUN
gujaf-35	307	8	holdings	holding	NOUN
gujaf-35	307	9	.	.	PUNCT
gujaf-35	308	1	journal	journal	NOUN
gujaf-35	308	2	of	of	ADP
gujaf-35	308	3	financial	financial	ADJ
gujaf-35	308	4	economics	economic	NOUN
gujaf-35	308	5	,	,	PUNCT
gujaf-35	308	6	83(1	83(1	PROPN
gujaf-35	308	7	)	)	PUNCT
gujaf-35	308	8	,	,	PUNCT
gujaf-35	308	9	599	599	NUM
gujaf-35	308	10	-	-	SYM
gujaf-35	308	11	634	634	NUM
gujaf-35	308	12	.	.	PUNCT
gujaf-35	309	1	kalcheva	kalcheva	PROPN
gujaf-35	309	2	,	,	PUNCT
gujaf-35	309	3	i.	i.	PROPN
gujaf-35	309	4	,	,	PUNCT
gujaf-35	309	5	&	&	CCONJ
gujaf-35	309	6	lins	lins	PROPN
gujaf-35	309	7	,	,	PUNCT
gujaf-35	309	8	k.	k.	PROPN
gujaf-35	309	9	(	(	PUNCT
gujaf-35	309	10	2007	2007	NUM
gujaf-35	309	11	)	)	PUNCT
gujaf-35	309	12	.	.	PUNCT
gujaf-35	310	1	international	international	ADJ
gujaf-35	310	2	evidence	evidence	NOUN
gujaf-35	310	3	on	on	ADP
gujaf-35	310	4	cash	cash	NOUN
gujaf-35	310	5	holdings	holding	NOUN
gujaf-35	310	6	and	and	CCONJ
gujaf-35	310	7	expected	expect	VERB
gujaf-35	310	8	managerial	managerial	ADJ
gujaf-35	310	9	agency	agency	NOUN
gujaf-35	310	10	problems	problem	NOUN
gujaf-35	310	11	.	.	PUNCT
gujaf-35	311	1	review	review	NOUN
gujaf-35	311	2	of	of	ADP
gujaf-35	311	3	financial	financial	ADJ
gujaf-35	311	4	studies	study	NOUN
gujaf-35	311	5	,	,	PUNCT
gujaf-35	311	6	20(4	20(4	NOUN
gujaf-35	311	7	)	)	PUNCT
gujaf-35	311	8	,	,	PUNCT
gujaf-35	311	9	1087	1087	NUM
gujaf-35	311	10	-	-	SYM
gujaf-35	311	11	1112	1112	NUM
gujaf-35	311	12	harford	harford	PROPN
gujaf-35	311	13	,	,	PUNCT
gujaf-35	311	14	j.	j.	PROPN
gujaf-35	311	15	,	,	PUNCT
gujaf-35	311	16	mansi	mansi	PROPN
gujaf-35	311	17	,	,	PUNCT
gujaf-35	311	18	s.	s.	PROPN
gujaf-35	311	19	,	,	PUNCT
gujaf-35	311	20	&	&	CCONJ
gujaf-35	311	21	maxwell	maxwell	PROPN
gujaf-35	311	22	,	,	PUNCT
gujaf-35	311	23	w.	w.	PROPN
gujaf-35	311	24	(	(	PUNCT
gujaf-35	311	25	2008	2008	NUM
gujaf-35	311	26	)	)	PUNCT
gujaf-35	311	27	.	.	PUNCT
gujaf-35	312	1	corporate	corporate	ADJ
gujaf-35	312	2	governance	governance	NOUN
gujaf-35	312	3	and	and	CCONJ
gujaf-35	312	4	firm	firm	ADJ
gujaf-35	312	5	cash	cash	NOUN
gujaf-35	312	6	holdings	holding	NOUN
gujaf-35	312	7	in	in	ADP
gujaf-35	312	8	the	the	DET
gujaf-35	312	9	us	us	PROPN
gujaf-35	312	10	.	.	PUNCT
gujaf-35	313	1	journal	journal	PROPN
gujaf-35	313	2	of	of	ADP
gujaf-35	313	3	financial	financial	ADJ
gujaf-35	313	4	economics	economic	NOUN
gujaf-35	313	5	,	,	PUNCT
gujaf-35	313	6	87(1	87(1	NUM
gujaf-35	313	7	)	)	PUNCT
gujaf-35	313	8	,	,	PUNCT
gujaf-35	313	9	535	535	NUM
gujaf-35	313	10	-	-	SYM
gujaf-35	313	11	555	555	NUM
gujaf-35	313	12	https://doi.org/10.1057/978-1-349-95121-5_188-2	https://doi.org/10.1057/978-1-349-95121-5_188-2	VERB
gujaf-35	313	13	gusau	gusau	ADJ
gujaf-35	313	14	journal	journal	NOUN
gujaf-35	313	15	of	of	ADP
gujaf-35	313	16	accounting	accounting	NOUN
gujaf-35	313	17	and	and	CCONJ
gujaf-35	313	18	finance	finance	NOUN
gujaf-35	313	19	,	,	PUNCT
gujaf-35	313	20	vol	vol	NOUN
gujaf-35	313	21	.	.	PUNCT
gujaf-35	314	1	i	i	PRON
gujaf-35	314	2	,	,	PUNCT
gujaf-35	314	3	issue	issue	NOUN
gujaf-35	314	4	2	2	NUM
gujaf-35	314	5	,	,	PUNCT
gujaf-35	314	6	october	october	PROPN
gujaf-35	314	7	,	,	PUNCT
gujaf-35	314	8	2020	2020	NUM
gujaf-35	314	9	19	19	NUM
gujaf-35	314	10	fresard	fresard	NOUN
gujaf-35	314	11	,	,	PUNCT
gujaf-35	314	12	l.	l.	PROPN
gujaf-35	314	13	,	,	PUNCT
gujaf-35	314	14	&	&	CCONJ
gujaf-35	314	15	salva	salva	PROPN
gujaf-35	314	16	,	,	PUNCT
gujaf-35	314	17	c.	c.	PROPN
gujaf-35	314	18	(	(	PUNCT
gujaf-35	314	19	2010	2010	NUM
gujaf-35	314	20	)	)	PUNCT
gujaf-35	314	21	.	.	PUNCT
gujaf-35	315	1	the	the	DET
gujaf-35	315	2	value	value	NOUN
gujaf-35	315	3	of	of	ADP
gujaf-35	315	4	excess	excess	ADJ
gujaf-35	315	5	cash	cash	NOUN
gujaf-35	315	6	and	and	CCONJ
gujaf-35	315	7	corporate	corporate	ADJ
gujaf-35	315	8	governance	governance	NOUN
gujaf-35	315	9	:	:	PUNCT
gujaf-35	315	10	evidence	evidence	NOUN
gujaf-35	315	11	from	from	ADP
gujaf-35	315	12	us	us	PROPN
gujaf-35	315	13	crosslistings	crosslisting	NOUN
gujaf-35	315	14	.	.	PUNCT
gujaf-35	316	1	journal	journal	NOUN
gujaf-35	316	2	of	of	ADP
gujaf-35	316	3	financial	financial	ADJ
gujaf-35	316	4	economics	economic	NOUN
gujaf-35	316	5	,	,	PUNCT
gujaf-35	316	6	98(1	98(1	NOUN
gujaf-35	316	7	)	)	PUNCT
gujaf-35	316	8	,	,	PUNCT
gujaf-35	316	9	359	359	NUM
gujaf-35	316	10	-	-	SYM
gujaf-35	316	11	384	384	NUM
gujaf-35	316	12	haw	haw	NOUN
gujaf-35	316	13	,	,	PUNCT
gujaf-35	316	14	i.	i.	PROPN
gujaf-35	316	15	,	,	PUNCT
gujaf-35	316	16	ho	ho	PROPN
gujaf-35	316	17	,	,	PUNCT
gujaf-35	316	18	s.	s.	PROPN
gujaf-35	316	19	,	,	PUNCT
gujaf-35	316	20	hu	hu	PROPN
gujaf-35	316	21	,	,	PUNCT
gujaf-35	316	22	b.	b.	PROPN
gujaf-35	316	23	,	,	PUNCT
gujaf-35	316	24	&	&	CCONJ
gujaf-35	316	25	zhang	zhang	PROPN
gujaf-35	316	26	,	,	PUNCT
gujaf-35	316	27	x.	x.	PROPN
gujaf-35	316	28	(	(	PUNCT
gujaf-35	316	29	2011	2011	NUM
gujaf-35	316	30	)	)	PUNCT
gujaf-35	316	31	.	.	PUNCT
gujaf-35	317	1	the	the	DET
gujaf-35	317	2	contribution	contribution	NOUN
gujaf-35	317	3	of	of	ADP
gujaf-35	317	4	stock	stock	NOUN
gujaf-35	317	5	repurchases	repurchase	NOUN
gujaf-35	317	6	to	to	ADP
gujaf-35	317	7	the	the	DET
gujaf-35	317	8	value	value	NOUN
gujaf-35	317	9	of	of	ADP
gujaf-35	317	10	the	the	DET
gujaf-35	317	11	firm	firm	ADJ
gujaf-35	317	12	and	and	CCONJ
gujaf-35	317	13	cash	cash	NOUN
gujaf-35	317	14	holdings	holding	NOUN
gujaf-35	317	15	around	around	ADP
gujaf-35	317	16	the	the	DET
gujaf-35	317	17	world	world	NOUN
gujaf-35	317	18	.	.	PUNCT
gujaf-35	318	1	journal	journal	NOUN
gujaf-35	318	2	of	of	ADP
gujaf-35	318	3	corporate	corporate	ADJ
gujaf-35	318	4	finance	finance	NOUN
gujaf-35	318	5	,	,	PUNCT
gujaf-35	318	6	17(1	17(1	NUM
gujaf-35	318	7	)	)	PUNCT
gujaf-35	318	8	,	,	PUNCT
gujaf-35	318	9	152	152	NUM
gujaf-35	318	10	-	-	SYM
gujaf-35	318	11	166	166	NUM
gujaf-35	318	12	tong	tong	PROPN
gujaf-35	318	13	,	,	PUNCT
gujaf-35	318	14	z.	z.	PROPN
gujaf-35	318	15	(	(	PUNCT
gujaf-35	318	16	2011	2011	NUM
gujaf-35	318	17	)	)	PUNCT
gujaf-35	318	18	.	.	PUNCT
gujaf-35	319	1	firm	firm	ADJ
gujaf-35	319	2	diversification	diversification	NOUN
gujaf-35	319	3	and	and	CCONJ
gujaf-35	319	4	the	the	DET
gujaf-35	319	5	value	value	NOUN
gujaf-35	319	6	of	of	ADP
gujaf-35	319	7	corporate	corporate	ADJ
gujaf-35	319	8	cash	cash	NOUN
gujaf-35	319	9	holdings	holding	NOUN
gujaf-35	319	10	.	.	PUNCT
gujaf-35	320	1	journal	journal	NOUN
gujaf-35	320	2	of	of	ADP
gujaf-35	320	3	corporate	corporate	ADJ
gujaf-35	320	4	finance	finance	NOUN
gujaf-35	320	5	,	,	PUNCT
gujaf-35	320	6	17(3	17(3	NUM
gujaf-35	320	7	)	)	PUNCT
gujaf-35	320	8	,	,	PUNCT
gujaf-35	320	9	741	741	NUM
gujaf-35	320	10	-	-	SYM
gujaf-35	320	11	758	758	NUM
gujaf-35	320	12	alzoubi	alzoubi	NOUN
gujaf-35	320	13	,	,	PUNCT
gujaf-35	320	14	t.	t.	PROPN
gujaf-35	320	15	(	(	PUNCT
gujaf-35	320	16	2013	2013	NUM
gujaf-35	320	17	)	)	PUNCT
gujaf-35	320	18	.	.	PUNCT
gujaf-35	321	1	corporate	corporate	ADJ
gujaf-35	321	2	cash	cash	NOUN
gujaf-35	321	3	-	-	PUNCT
gujaf-35	321	4	holding	hold	VERB
gujaf-35	321	5	decisions	decision	NOUN
gujaf-35	321	6	:	:	PUNCT
gujaf-35	321	7	amman	amman	PROPN
gujaf-35	321	8	stock	stock	PROPN
gujaf-35	321	9	exchange	exchange	PROPN
gujaf-35	321	10	.	.	PUNCT
gujaf-35	322	1	phd	phd	NOUN
gujaf-35	322	2	dissertation	dissertation	NOUN
gujaf-35	322	3	,	,	PUNCT
gujaf-35	322	4	brunel	brunel	PROPN
gujaf-35	322	5	university	university	PROPN
gujaf-35	322	6	,	,	PUNCT
gujaf-35	322	7	london	london	PROPN
gujaf-35	322	8	,	,	PUNCT
gujaf-35	322	9	uk	uk	PROPN
gujaf-35	322	10	.	.	PROPN
gujaf-35	322	11	alzoubi	alzoubi	PROPN
gujaf-35	322	12	,	,	PUNCT
gujaf-35	322	13	t.	t.	PROPN
gujaf-35	322	14	(	(	PUNCT
gujaf-35	322	15	2016	2016	NUM
gujaf-35	322	16	)	)	PUNCT
gujaf-35	322	17	.	.	PUNCT
gujaf-35	323	1	the	the	DET
gujaf-35	323	2	value	value	NOUN
gujaf-35	323	3	of	of	ADP
gujaf-35	323	4	cash	cash	NOUN
gujaf-35	323	5	holding	holding	NOUN
gujaf-35	323	6	and	and	CCONJ
gujaf-35	323	7	the	the	DET
gujaf-35	323	8	financial	financial	ADJ
gujaf-35	323	9	crisis	crisis	NOUN
gujaf-35	323	10	:	:	PUNCT
gujaf-35	323	11	evidence	evidence	NOUN
gujaf-35	323	12	from	from	ADP
gujaf-35	323	13	jordan	jordan	PROPN
gujaf-35	323	14	.	.	PUNCT
gujaf-35	324	1	dirasat	dirasat	PROPN
gujaf-35	324	2	:	:	PUNCT
gujaf-35	324	3	administrative	administrative	ADJ
gujaf-35	324	4	sciences	sciences	PROPN
gujaf-35	324	5	,	,	PUNCT
gujaf-35	324	6	43(1	43(1	NOUN
gujaf-35	324	7	)	)	PUNCT
gujaf-35	324	8	,	,	PUNCT
gujaf-35	324	9	325	325	NUM
gujaf-35	324	10	-	-	SYM
gujaf-35	324	11	333	333	NUM
gujaf-35	324	12	orens	oren	NOUN
gujaf-35	324	13	,	,	PUNCT
gujaf-35	324	14	r.	r.	PROPN
gujaf-35	324	15	,	,	PUNCT
gujaf-35	324	16	&	&	CCONJ
gujaf-35	324	17	reheul	reheul	PROPN
gujaf-35	324	18	,	,	PUNCT
gujaf-35	324	19	a.	a.	NOUN
gujaf-35	324	20	(	(	PUNCT
gujaf-35	324	21	2013	2013	NUM
gujaf-35	324	22	)	)	PUNCT
gujaf-35	324	23	.	.	PUNCT
gujaf-35	325	1	do	do	AUX
gujaf-35	325	2	ceo	ceo	NOUN
gujaf-35	325	3	demographics	demographic	NOUN
gujaf-35	325	4	explain	explain	VERB
gujaf-35	325	5	cash	cash	NOUN
gujaf-35	325	6	holdings	holding	NOUN
gujaf-35	325	7	in	in	ADP
gujaf-35	325	8	smes	sme	NOUN
gujaf-35	325	9	?	?	PUNCT
gujaf-35	326	1	european	european	ADJ
gujaf-35	326	2	management	management	PROPN
gujaf-35	326	3	journal	journal	PROPN
gujaf-35	326	4	,	,	PUNCT
gujaf-35	326	5	31(6	31(6	NUM
gujaf-35	326	6	)	)	PUNCT
gujaf-35	326	7	,	,	PUNCT
gujaf-35	326	8	549563	549563	NUM
gujaf-35	326	9	.	.	PUNCT
gujaf-35	327	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
gujaf-35	327	2	.	.	PUNCT
gujaf-35	327	3	emj.2013.01.003	emj.2013.01.003	NOUN
gujaf-35	327	4	amess	amess	PROPN
gujaf-35	327	5	,	,	PUNCT
gujaf-35	327	6	k.	k.	PROPN
gujaf-35	327	7	,	,	PUNCT
gujaf-35	327	8	banerji	banerji	PROPN
gujaf-35	327	9	,	,	PUNCT
gujaf-35	327	10	s.	s.	PROPN
gujaf-35	327	11	,	,	PUNCT
gujaf-35	327	12	&	&	CCONJ
gujaf-35	327	13	lampousis	lampousis	NOUN
gujaf-35	327	14	,	,	PUNCT
gujaf-35	327	15	a.	a.	NOUN
gujaf-35	327	16	(	(	PUNCT
gujaf-35	327	17	2015	2015	NUM
gujaf-35	327	18	)	)	PUNCT
gujaf-35	327	19	.	.	PUNCT
gujaf-35	328	1	corporate	corporate	ADJ
gujaf-35	328	2	cash	cash	NOUN
gujaf-35	328	3	holdings	holding	NOUN
gujaf-35	328	4	:	:	PUNCT
gujaf-35	328	5	causes	cause	NOUN
gujaf-35	328	6	and	and	CCONJ
gujaf-35	328	7	consequences	consequence	NOUN
gujaf-35	328	8	.	.	PUNCT
gujaf-35	329	1	international	international	ADJ
gujaf-35	329	2	review	review	NOUN
gujaf-35	329	3	of	of	ADP
gujaf-35	329	4	financial	financial	ADJ
gujaf-35	329	5	analysis	analysis	NOUN
gujaf-35	329	6	,	,	PUNCT
gujaf-35	329	7	42	42	NUM
gujaf-35	329	8	,	,	PUNCT
gujaf-35	329	9	421	421	NUM
gujaf-35	329	10	-	-	SYM
gujaf-35	329	11	433	433	NUM
gujaf-35	329	12	.	.	PUNCT
gujaf-35	330	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
gujaf-35	330	2	.	.	PUNCT
gujaf-35	331	1	irfa.2015.09.007	irfa.2015.09.007	PROPN
gujaf-35	331	2	kuan	kuan	PROPN
gujaf-35	331	3	,	,	PUNCT
gujaf-35	331	4	t.	t.	PROPN
gujaf-35	331	5	,	,	PUNCT
gujaf-35	331	6	li	li	PROPN
gujaf-35	331	7	,	,	PUNCT
gujaf-35	331	8	c.	c.	PROPN
gujaf-35	331	9	,	,	PUNCT
gujaf-35	331	10	&	&	CCONJ
gujaf-35	331	11	chu	chu	PROPN
gujaf-35	331	12	,	,	PUNCT
gujaf-35	331	13	s.	s.	PROPN
gujaf-35	331	14	(	(	PUNCT
gujaf-35	331	15	2011	2011	NUM
gujaf-35	331	16	)	)	PUNCT
gujaf-35	331	17	.	.	PUNCT
gujaf-35	332	1	cash	cash	NOUN
gujaf-35	332	2	holdings	holding	NOUN
gujaf-35	332	3	and	and	CCONJ
gujaf-35	332	4	corporate	corporate	ADJ
gujaf-35	332	5	governance	governance	NOUN
gujaf-35	332	6	in	in	ADP
gujaf-35	332	7	family	family	NOUN
gujaf-35	332	8	-	-	PUNCT
gujaf-35	332	9	controlled	control	VERB
gujaf-35	332	10	firms	firm	NOUN
gujaf-35	332	11	.	.	PUNCT
gujaf-35	333	1	journal	journal	PROPN
gujaf-35	333	2	of	of	ADP
gujaf-35	333	3	business	business	NOUN
gujaf-35	333	4	research	research	NOUN
gujaf-35	333	5	,	,	PUNCT
gujaf-35	333	6	64(7	64(7	NOUN
gujaf-35	333	7	)	)	PUNCT
gujaf-35	333	8	,	,	PUNCT
gujaf-35	333	9	757	757	PROPN
gujaf-35	333	10	-	-	SYM
gujaf-35	333	11	764	764	NUM
gujaf-35	333	12	.	.	PUNCT
gujaf-35	334	1	https://doi	https://doi	X
gujaf-35	334	2	.	.	PUNCT
gujaf-35	334	3	org/10.1016	org/10.1016	PROPN
gujaf-35	334	4	/	/	SYM
gujaf-35	334	5	j.jbusres.2010.07.004	j.jbusres.2010.07.004	PROPN
gujaf-35	334	6	thi	thi	PROPN
gujaf-35	334	7	,	,	PUNCT
gujaf-35	334	8	d.	d.	PROPN
gujaf-35	334	9	,	,	PUNCT
gujaf-35	334	10	&	&	CCONJ
gujaf-35	334	11	nhan	nhan	PROPN
gujaf-35	334	12	,	,	PUNCT
gujaf-35	334	13	t.	t.	PROPN
gujaf-35	334	14	(	(	PUNCT
gujaf-35	334	15	2016	2016	NUM
gujaf-35	334	16	)	)	PUNCT
gujaf-35	334	17	.	.	PUNCT
gujaf-35	335	1	a	a	DET
gujaf-35	335	2	review	review	NOUN
gujaf-35	335	3	of	of	ADP
gujaf-35	335	4	cash	cash	NOUN
gujaf-35	335	5	holding	holding	NOUN
gujaf-35	335	6	and	and	CCONJ
gujaf-35	335	7	corporate	corporate	ADJ
gujaf-35	335	8	governance	governance	NOUN
gujaf-35	335	9	mechanisms	mechanism	NOUN
gujaf-35	335	10	in	in	ADP
gujaf-35	335	11	transition	transition	NOUN
gujaf-35	335	12	economies	economy	NOUN
gujaf-35	335	13	.	.	PUNCT
gujaf-35	336	1	international	international	ADJ
gujaf-35	336	2	review	review	NOUN
gujaf-35	336	3	of	of	ADP
gujaf-35	336	4	management	management	NOUN
gujaf-35	336	5	and	and	CCONJ
gujaf-35	336	6	marketing	marketing	NOUN
gujaf-35	336	7	,	,	PUNCT
gujaf-35	336	8	6	6	NUM
gujaf-35	336	9	,	,	PUNCT
gujaf-35	336	10	354	354	NUM
gujaf-35	336	11	-	-	SYM
gujaf-35	336	12	358	358	NUM
gujaf-35	336	13	.	.	PUNCT
gujaf-35	337	1	retrieved	retrieve	VERB
gujaf-35	337	2	from	from	ADP
gujaf-35	337	3	https://	https://	PROPN
gujaf-35	337	4	www.econjournals.com/index	www.econjournals.com/index	PROPN
gujaf-35	337	5	.	.	PUNCT
gujaf-35	338	1	php	php	PROPN
gujaf-35	338	2	/	/	SYM
gujaf-35	338	3	irmm	irmm	ADJ
gujaf-35	338	4	/	/	SYM
gujaf-35	338	5	article	article	NOUN
gujaf-35	338	6	/	/	SYM
gujaf-35	338	7	view/5691	view/5691	PROPN
gujaf-35	338	8	al	al	PROPN
gujaf-35	338	9	-	-	PUNCT
gujaf-35	338	10	najjar	najjar	PROPN
gujaf-35	338	11	,	,	PUNCT
gujaf-35	338	12	b.	b.	PROPN
gujaf-35	338	13	,	,	PUNCT
gujaf-35	338	14	&	&	CCONJ
gujaf-35	338	15	clark	clark	PROPN
gujaf-35	338	16	,	,	PUNCT
gujaf-35	338	17	e.	e.	PROPN
gujaf-35	338	18	(	(	PUNCT
gujaf-35	338	19	2017	2017	NUM
gujaf-35	338	20	)	)	PUNCT
gujaf-35	338	21	.	.	PUNCT
gujaf-35	339	1	corporate	corporate	ADJ
gujaf-35	339	2	governance	governance	NOUN
gujaf-35	339	3	and	and	CCONJ
gujaf-35	339	4	cash	cash	NOUN
gujaf-35	339	5	holdings	holding	NOUN
gujaf-35	339	6	in	in	ADP
gujaf-35	339	7	mena	mena	PROPN
gujaf-35	339	8	:	:	PUNCT
gujaf-35	339	9	evidence	evidence	NOUN
gujaf-35	339	10	from	from	ADP
gujaf-35	339	11	internal	internal	ADJ
gujaf-35	339	12	and	and	CCONJ
gujaf-35	339	13	external	external	ADJ
gujaf-35	339	14	governance	governance	NOUN
gujaf-35	339	15	practices	practice	NOUN
gujaf-35	339	16	.	.	PUNCT
gujaf-35	340	1	research	research	NOUN
gujaf-35	340	2	in	in	ADP
gujaf-35	340	3	international	international	ADJ
gujaf-35	340	4	business	business	NOUN
gujaf-35	340	5	and	and	CCONJ
gujaf-35	340	6	finance	finance	NOUN
gujaf-35	340	7	,	,	PUNCT
gujaf-35	340	8	39	39	NUM
gujaf-35	340	9	,	,	PUNCT
gujaf-35	340	10	1	1	NUM
gujaf-35	340	11	-	-	SYM
gujaf-35	340	12	12	12	NUM
gujaf-35	340	13	.	.	PUNCT
gujaf-35	341	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
gujaf-35	341	2	.	.	PUNCT
gujaf-35	341	3	ribaf.2016.07.030	ribaf.2016.07.030	PROPN
gujaf-35	342	1	myers	myers	PROPN
gujaf-35	342	2	,	,	PUNCT
gujaf-35	342	3	s.	s.	PROPN
gujaf-35	342	4	c.	c.	PROPN
gujaf-35	342	5	,	,	PUNCT
gujaf-35	342	6	&	&	CCONJ
gujaf-35	342	7	majluf	majluf	PROPN
gujaf-35	342	8	,	,	PUNCT
gujaf-35	342	9	n.	n.	PROPN
gujaf-35	342	10	s.	s.	PROPN
gujaf-35	342	11	(	(	PUNCT
gujaf-35	342	12	1984	1984	NUM
gujaf-35	342	13	)	)	PUNCT
gujaf-35	342	14	.	.	PUNCT
gujaf-35	343	1	corporate	corporate	ADJ
gujaf-35	343	2	financing	financing	NOUN
gujaf-35	343	3	and	and	CCONJ
gujaf-35	343	4	investment	investment	NOUN
gujaf-35	343	5	decisions	decision	NOUN
gujaf-35	343	6	when	when	SCONJ
gujaf-35	343	7	firms	firm	NOUN
gujaf-35	343	8	have	have	VERB
gujaf-35	343	9	information	information	NOUN
gujaf-35	343	10	that	that	SCONJ
gujaf-35	343	11	investors	investor	NOUN
gujaf-35	343	12	do	do	AUX
gujaf-35	343	13	not	not	PART
gujaf-35	343	14	have	have	VERB
gujaf-35	343	15	.	.	PUNCT
gujaf-35	344	1	journal	journal	NOUN
gujaf-35	344	2	of	of	ADP
gujaf-35	344	3	financial	financial	ADJ
gujaf-35	344	4	economics	economic	NOUN
gujaf-35	344	5	,	,	PUNCT
gujaf-35	344	6	13(2	13(2	PROPN
gujaf-35	344	7	)	)	PUNCT
gujaf-35	344	8	,	,	PUNCT
gujaf-35	344	9	187	187	NUM
gujaf-35	344	10	-	-	SYM
gujaf-35	344	11	221	221	NUM
gujaf-35	344	12	.	.	PUNCT
gujaf-35	345	1	opler	opler	ADJ
gujaf-35	345	2	,	,	PUNCT
gujaf-35	345	3	l.	l.	PROPN
gujaf-35	345	4	pinkowitz	pinkowitz	PROPN
gujaf-35	345	5	,	,	PUNCT
gujaf-35	345	6	r.	r.	PROPN
gujaf-35	345	7	stulz	stulz	PROPN
gujaf-35	345	8	,	,	PUNCT
gujaf-35	345	9	r.	r.	PROPN
gujaf-35	345	10	&	&	CCONJ
gujaf-35	345	11	williamson	williamson	PROPN
gujaf-35	345	12	(	(	PUNCT
gujaf-35	345	13	1999	1999	NUM
gujaf-35	345	14	)	)	PUNCT
gujaf-35	345	15	.	.	PUNCT
gujaf-35	346	1	the	the	DET
gujaf-35	346	2	determinants	determinant	NOUN
gujaf-35	346	3	and	and	CCONJ
gujaf-35	346	4	implications	implication	NOUN
gujaf-35	346	5	of	of	ADP
gujaf-35	346	6	corporate	corporate	ADJ
gujaf-35	346	7	cash	cash	NOUN
gujaf-35	346	8	holdings	holding	NOUN
gujaf-35	346	9	.	.	PUNCT
gujaf-35	347	1	journal	journal	NOUN
gujaf-35	347	2	of	of	ADP
gujaf-35	347	3	financial	financial	ADJ
gujaf-35	347	4	economics	economic	NOUN
gujaf-35	347	5	,	,	PUNCT
gujaf-35	347	6	52	52	NUM
gujaf-35	347	7	pp	pp	NOUN
gujaf-35	347	8	.	.	PUNCT
gujaf-35	348	1	3	3	NUM
gujaf-35	348	2	-	-	SYM
gujaf-35	348	3	46	46	NUM
gujaf-35	348	4	bates	bate	NOUN
gujaf-35	348	5	,	,	PUNCT
gujaf-35	348	6	k.	k.	PROPN
gujaf-35	348	7	kahle	kahle	PROPN
gujaf-35	348	8	,	,	PUNCT
gujaf-35	348	9	r.	r.	PROPN
gujaf-35	348	10	&	&	CCONJ
gujaf-35	348	11	stulz	stulz	PROPN
gujaf-35	348	12	(	(	PUNCT
gujaf-35	348	13	2009).why	2009).why	NUM
gujaf-35	348	14	do	do	AUX
gujaf-35	348	15	u.s	u.s	PROPN
gujaf-35	348	16	.	.	PROPN
gujaf-35	348	17	firms	firm	NOUN
gujaf-35	348	18	hold	hold	VERB
gujaf-35	348	19	so	so	ADV
gujaf-35	348	20	much	much	ADV
gujaf-35	348	21	more	more	ADJ
gujaf-35	348	22	cash	cash	NOUN
gujaf-35	348	23	than	than	SCONJ
gujaf-35	348	24	they	they	PRON
gujaf-35	348	25	used	use	VERB
gujaf-35	348	26	to	to	ADP
gujaf-35	348	27	?	?	PUNCT
gujaf-35	348	28	journal	journal	PROPN
gujaf-35	348	29	of	of	ADP
gujaf-35	348	30	finance	finance	NOUN
gujaf-35	348	31	,	,	PUNCT
gujaf-35	348	32	64	64	NUM
gujaf-35	348	33	(	(	PUNCT
gujaf-35	348	34	2009	2009	NUM
gujaf-35	348	35	)	)	PUNCT
gujaf-35	348	36	,	,	PUNCT
gujaf-35	348	37	pp	pp	PROPN
gujaf-35	348	38	.	.	PUNCT
gujaf-35	349	1	1985	1985	NUM
gujaf-35	349	2	-	-	SYM
gujaf-35	349	3	202	202	NUM
gujaf-35	349	4	https://doi.org/10.1016/j.%20emj.2013.01.003	https://doi.org/10.1016/j.%20emj.2013.01.003	NOUN
gujaf-35	349	5	https://doi.org/10.1016/j.%20irfa.2015.09.007	https://doi.org/10.1016/j.%20irfa.2015.09.007	X
gujaf-35	349	6	http://www.econjournals.com/index.%20php/irmm/article/view/5691	http://www.econjournals.com/index.%20php/irmm/article/view/5691	NOUN
gujaf-35	349	7	https://doi.org/10.1016/j.%20ribaf.2016.07.030	https://doi.org/10.1016/j.%20ribaf.2016.07.030	PUNCT
gujaf-35	349	8	gusau	gusau	ADJ
gujaf-35	349	9	journal	journal	NOUN
gujaf-35	349	10	of	of	ADP
gujaf-35	349	11	accounting	accounting	NOUN
gujaf-35	349	12	and	and	CCONJ
gujaf-35	349	13	finance	finance	NOUN
gujaf-35	349	14	,	,	PUNCT
gujaf-35	349	15	vol	vol	NOUN
gujaf-35	349	16	.	.	PUNCT
gujaf-35	350	1	i	i	PRON
gujaf-35	350	2	,	,	PUNCT
gujaf-35	350	3	issue	issue	NOUN
gujaf-35	350	4	2	2	NUM
gujaf-35	350	5	,	,	PUNCT
gujaf-35	350	6	october	october	PROPN
gujaf-35	350	7	,	,	PUNCT
gujaf-35	350	8	2020	2020	NUM
gujaf-35	350	9	20	20	NUM
gujaf-35	350	10	pfeffer	pfeffer	PROPN
gujaf-35	350	11	,	,	PUNCT
gujaf-35	350	12	j.	j.	PROPN
gujaf-35	350	13	and	and	CCONJ
gujaf-35	350	14	g.r	g.r	PROPN
gujaf-35	350	15	.	.	PROPN
gujaf-35	350	16	,	,	PUNCT
gujaf-35	350	17	salancick	salancick	NOUN
gujaf-35	350	18	,	,	PUNCT
gujaf-35	350	19	1978	1978	NUM
gujaf-35	350	20	,	,	PUNCT
gujaf-35	350	21	“	"	PUNCT
gujaf-35	350	22	the	the	DET
gujaf-35	350	23	external	external	ADJ
gujaf-35	350	24	control	control	NOUN
gujaf-35	350	25	of	of	ADP
gujaf-35	350	26	organizations	organization	NOUN
gujaf-35	350	27	:	:	PUNCT
gujaf-35	350	28	a	a	DET
gujaf-35	350	29	resourcedependence	resourcedependence	NOUN
gujaf-35	350	30	perspective	perspective	NOUN
gujaf-35	350	31	”	"	PUNCT
gujaf-35	350	32	,	,	PUNCT
gujaf-35	350	33	harper	harper	NOUN
gujaf-35	350	34	&	&	CCONJ
gujaf-35	350	35	row	row	PROPN
gujaf-35	350	36	,	,	PUNCT
gujaf-35	350	37	new	new	PROPN
gujaf-35	350	38	york	york	PROPN
gujaf-35	350	39	hillman	hillman	PROPN
gujaf-35	350	40	,	,	PUNCT
gujaf-35	350	41	a.	a.	PROPN
gujaf-35	350	42	j.	j.	PROPN
gujaf-35	350	43	,	,	PUNCT
gujaf-35	350	44	&	&	CCONJ
gujaf-35	350	45	dalziel	dalziel	PROPN
gujaf-35	350	46	,	,	PUNCT
gujaf-35	350	47	t.	t.	PROPN
gujaf-35	350	48	(	(	PUNCT
gujaf-35	350	49	2003	2003	NUM
gujaf-35	350	50	)	)	PUNCT
gujaf-35	350	51	.	.	PUNCT
gujaf-35	351	1	boards	board	NOUN
gujaf-35	351	2	of	of	ADP
gujaf-35	351	3	directors	director	NOUN
gujaf-35	351	4	and	and	CCONJ
gujaf-35	351	5	firm	firm	ADJ
gujaf-35	351	6	performance	performance	NOUN
gujaf-35	351	7	:	:	PUNCT
gujaf-35	351	8	integrating	integrate	VERB
gujaf-35	351	9	agency	agency	NOUN
gujaf-35	351	10	and	and	CCONJ
gujaf-35	351	11	resource	resource	NOUN
gujaf-35	351	12	dependence	dependence	NOUN
gujaf-35	351	13	perspectives	perspective	NOUN
gujaf-35	351	14	.	.	PUNCT
gujaf-35	352	1	academy	academy	PROPN
gujaf-35	352	2	of	of	ADP
gujaf-35	352	3	management	management	PROPN
gujaf-35	352	4	review	review	PROPN
gujaf-35	352	5	,	,	PUNCT
gujaf-35	352	6	28(3	28(3	NUM
gujaf-35	352	7	)	)	PUNCT
gujaf-35	352	8	,	,	PUNCT
gujaf-35	352	9	383	383	NUM
gujaf-35	352	10	-	-	SYM
gujaf-35	352	11	396	396	NUM
gujaf-35	352	12	li	li	PROPN
gujaf-35	352	13	,	,	PUNCT
gujaf-35	352	14	j.	j.	PROPN
gujaf-35	352	15	,	,	PUNCT
gujaf-35	352	16	pike	pike	PROPN
gujaf-35	352	17	,	,	PUNCT
gujaf-35	352	18	r.	r.	PROPN
gujaf-35	352	19	,	,	PUNCT
gujaf-35	352	20	&	&	CCONJ
gujaf-35	352	21	haniffa	haniffa	PROPN
gujaf-35	352	22	,	,	PUNCT
gujaf-35	352	23	r.	r.	PROPN
gujaf-35	352	24	(	(	PUNCT
gujaf-35	352	25	2008	2008	NUM
gujaf-35	352	26	)	)	PUNCT
gujaf-35	352	27	.	.	PUNCT
gujaf-35	353	1	intellectual	intellectual	ADJ
gujaf-35	353	2	capital	capital	NOUN
gujaf-35	353	3	disclosure	disclosure	NOUN
gujaf-35	353	4	and	and	CCONJ
gujaf-35	353	5	corporate	corporate	ADJ
gujaf-35	353	6	governance	governance	NOUN
gujaf-35	353	7	structure	structure	NOUN
gujaf-35	353	8	in	in	ADP
gujaf-35	353	9	uk	uk	PROPN
gujaf-35	353	10	firms	firm	NOUN
gujaf-35	353	11	.	.	PUNCT
gujaf-35	354	1	accounting	accounting	NOUN
gujaf-35	354	2	and	and	CCONJ
gujaf-35	354	3	business	business	NOUN
gujaf-35	354	4	research	research	NOUN
gujaf-35	354	5	,	,	PUNCT
gujaf-35	354	6	38(2	38(2	NOUN
gujaf-35	354	7	)	)	PUNCT
gujaf-35	354	8	,	,	PUNCT
gujaf-35	354	9	137159	137159	NUM
gujaf-35	354	10	.	.	PUNCT
gujaf-35	355	1	brickley	brickley	ADJ
gujaf-35	355	2	,	,	PUNCT
gujaf-35	355	3	j.a	j.a	PROPN
gujaf-35	355	4	.	.	PROPN
gujaf-35	355	5	,	,	PUNCT
gujaf-35	355	6	coles	coles	PROPN
gujaf-35	355	7	,	,	PUNCT
gujaf-35	355	8	j.l	j.l	PROPN
gujaf-35	355	9	.	.	PROPN
gujaf-35	355	10	,	,	PUNCT
gujaf-35	355	11	jarrell	jarrell	PROPN
gujaf-35	355	12	,	,	PUNCT
gujaf-35	355	13	g.	g.	PROPN
gujaf-35	355	14	,	,	PUNCT
gujaf-35	355	15	1997	1997	NUM
gujaf-35	355	16	.	.	PUNCT
gujaf-35	356	1	leadership	leadership	NOUN
gujaf-35	356	2	structure	structure	NOUN
gujaf-35	356	3	:	:	PUNCT
gujaf-35	356	4	separating	separate	VERB
gujaf-35	356	5	the	the	DET
gujaf-35	356	6	ceo	ceo	NOUN
gujaf-35	356	7	and	and	CCONJ
gujaf-35	356	8	chairman	chairman	NOUN
gujaf-35	356	9	of	of	ADP
gujaf-35	356	10	the	the	DET
gujaf-35	356	11	board	board	NOUN
gujaf-35	356	12	.	.	PUNCT
gujaf-35	357	1	journal	journal	PROPN
gujaf-35	357	2	of	of	ADP
gujaf-35	357	3	corporate	corporate	ADJ
gujaf-35	357	4	finance	finance	NOUN
gujaf-35	357	5	3	3	NUM
gujaf-35	357	6	,	,	PUNCT
gujaf-35	357	7	189–220	189–220	NUM
gujaf-35	357	8	han	han	PROPN
gujaf-35	357	9	,	,	PUNCT
gujaf-35	357	10	s.	s.	PROPN
gujaf-35	357	11	,	,	PUNCT
gujaf-35	357	12	&	&	CCONJ
gujaf-35	357	13	qiu	qiu	PROPN
gujaf-35	357	14	,	,	PUNCT
gujaf-35	357	15	j.	j.	PROPN
gujaf-35	357	16	(	(	PUNCT
gujaf-35	357	17	2007	2007	NUM
gujaf-35	357	18	)	)	PUNCT
gujaf-35	357	19	.	.	PUNCT
gujaf-35	358	1	corporate	corporate	ADJ
gujaf-35	358	2	precautionary	precautionary	ADJ
gujaf-35	358	3	cash	cash	NOUN
gujaf-35	358	4	holdings	holding	NOUN
gujaf-35	358	5	.	.	PUNCT
gujaf-35	359	1	journal	journal	NOUN
gujaf-35	359	2	of	of	ADP
gujaf-35	359	3	corporate	corporate	ADJ
gujaf-35	359	4	finance	finance	NOUN
gujaf-35	359	5	,	,	PUNCT
gujaf-35	359	6	13(1	13(1	NUM
gujaf-35	359	7	)	)	PUNCT
gujaf-35	359	8	,	,	PUNCT
gujaf-35	359	9	43–57	43–57	NUM
gujaf-35	359	10	harford	harford	NOUN
gujaf-35	359	11	,	,	PUNCT
gujaf-35	359	12	j.	j.	PROPN
gujaf-35	359	13	,	,	PUNCT
gujaf-35	359	14	li	li	PROPN
gujaf-35	359	15	,	,	PUNCT
gujaf-35	359	16	k.	k.	PROPN
gujaf-35	359	17	,	,	PUNCT
gujaf-35	359	18	&	&	CCONJ
gujaf-35	359	19	zhao	zhao	PROPN
gujaf-35	359	20	,	,	PUNCT
gujaf-35	359	21	x.	x.	NOUN
gujaf-35	359	22	(	(	PUNCT
gujaf-35	359	23	2008	2008	NUM
gujaf-35	359	24	)	)	PUNCT
gujaf-35	359	25	.	.	PUNCT
gujaf-35	360	1	corporate	corporate	ADJ
gujaf-35	360	2	boards	board	NOUN
gujaf-35	360	3	and	and	CCONJ
gujaf-35	360	4	the	the	DET
gujaf-35	360	5	leverage	leverage	NOUN
gujaf-35	360	6	and	and	CCONJ
gujaf-35	360	7	debt	debt	NOUN
gujaf-35	360	8	maturity	maturity	NOUN
gujaf-35	360	9	choices	choice	NOUN
gujaf-35	360	10	.	.	PUNCT
gujaf-35	361	1	international	international	ADJ
gujaf-35	361	2	journal	journal	NOUN
gujaf-35	361	3	of	of	ADP
gujaf-35	361	4	corporate	corporate	ADJ
gujaf-35	361	5	governance	governance	NOUN
gujaf-35	361	6	,	,	PUNCT
gujaf-35	361	7	1	1	NUM
gujaf-35	361	8	,	,	PUNCT
gujaf-35	361	9	3–27	3–27	PROPN
gujaf-35	361	10	boubaker	boubaker	NOUN
gujaf-35	361	11	,	,	PUNCT
gujaf-35	361	12	s.	s.	PROPN
gujaf-35	361	13	,	,	PUNCT
gujaf-35	361	14	derouiche	derouiche	PROPN
gujaf-35	361	15	,	,	PUNCT
gujaf-35	361	16	i.	i.	PROPN
gujaf-35	361	17	,	,	PUNCT
gujaf-35	361	18	&	&	CCONJ
gujaf-35	361	19	nguyen	nguyen	PROPN
gujaf-35	361	20	,	,	PUNCT
gujaf-35	361	21	d.	d.	PROPN
gujaf-35	361	22	k.	k.	PROPN
gujaf-35	361	23	(	(	PUNCT
gujaf-35	361	24	2015	2015	NUM
gujaf-35	361	25	)	)	PUNCT
gujaf-35	361	26	.	.	PUNCT
gujaf-35	362	1	does	do	AUX
gujaf-35	362	2	the	the	DET
gujaf-35	362	3	board	board	NOUN
gujaf-35	362	4	of	of	ADP
gujaf-35	362	5	directors	director	NOUN
gujaf-35	362	6	affect	affect	VERB
gujaf-35	362	7	cash	cash	NOUN
gujaf-35	362	8	holdings	holding	NOUN
gujaf-35	362	9	?	?	PUNCT
gujaf-35	363	1	a	a	DET
gujaf-35	363	2	study	study	NOUN
gujaf-35	363	3	of	of	ADP
gujaf-35	363	4	french	french	ADJ
gujaf-35	363	5	listed	list	VERB
gujaf-35	363	6	firms	firm	NOUN
gujaf-35	363	7	.	.	PUNCT
gujaf-35	364	1	journal	journal	PROPN
gujaf-35	364	2	of	of	ADP
gujaf-35	364	3	management	management	NOUN
gujaf-35	364	4	&	&	CCONJ
gujaf-35	364	5	governance	governance	NOUN
gujaf-35	364	6	,	,	PUNCT
gujaf-35	364	7	19	19	NUM
gujaf-35	364	8	,	,	PUNCT
gujaf-35	364	9	341–370	341–370	NUM
gujaf-35	364	10	adams	adam	NOUN
gujaf-35	364	11	,	,	PUNCT
gujaf-35	364	12	r.	r.	PROPN
gujaf-35	364	13	b.	b.	PROPN
gujaf-35	364	14	,	,	PUNCT
gujaf-35	364	15	&	&	CCONJ
gujaf-35	364	16	ferreira	ferreira	PROPN
gujaf-35	364	17	,	,	PUNCT
gujaf-35	364	18	d.	d.	PROPN
gujaf-35	364	19	(	(	PUNCT
gujaf-35	364	20	2009	2009	NUM
gujaf-35	364	21	)	)	PUNCT
gujaf-35	364	22	.	.	PUNCT
gujaf-35	365	1	women	woman	NOUN
gujaf-35	365	2	in	in	ADP
gujaf-35	365	3	the	the	DET
gujaf-35	365	4	boardroom	boardroom	NOUN
gujaf-35	365	5	and	and	CCONJ
gujaf-35	365	6	their	their	PRON
gujaf-35	365	7	impact	impact	NOUN
gujaf-35	365	8	on	on	ADP
gujaf-35	365	9	governance	governance	NOUN
gujaf-35	365	10	and	and	CCONJ
gujaf-35	365	11	performance	performance	NOUN
gujaf-35	365	12	.	.	PUNCT
gujaf-35	366	1	journal	journal	NOUN
gujaf-35	366	2	of	of	ADP
gujaf-35	366	3	financial	financial	ADJ
gujaf-35	366	4	economics	economic	NOUN
gujaf-35	366	5	,	,	PUNCT
gujaf-35	366	6	94	94	NUM
gujaf-35	366	7	,	,	PUNCT
gujaf-35	366	8	291–309	291–309	PROPN
gujaf-35	366	9	johnson	johnson	PROPN
gujaf-35	366	10	,	,	PUNCT
gujaf-35	366	11	b.	b.	PROPN
gujaf-35	366	12	t.	t.	PROPN
gujaf-35	366	13	,	,	PUNCT
gujaf-35	366	14	&	&	CCONJ
gujaf-35	366	15	eagly	eagly	ADV
gujaf-35	366	16	,	,	PUNCT
gujaf-35	366	17	a.	a.	PROPN
gujaf-35	366	18	h.	h.	PROPN
gujaf-35	366	19	(	(	PUNCT
gujaf-35	366	20	1990	1990	NUM
gujaf-35	366	21	)	)	PUNCT
gujaf-35	366	22	.	.	PUNCT
gujaf-35	367	1	involvement	involvement	NOUN
gujaf-35	367	2	and	and	CCONJ
gujaf-35	367	3	persuasion	persuasion	NOUN
gujaf-35	367	4	:	:	PUNCT
gujaf-35	367	5	types	type	NOUN
gujaf-35	367	6	,	,	PUNCT
gujaf-35	367	7	traditions	tradition	NOUN
gujaf-35	367	8	,	,	PUNCT
gujaf-35	367	9	and	and	CCONJ
gujaf-35	367	10	the	the	DET
gujaf-35	367	11	evidence	evidence	NOUN
gujaf-35	367	12	.	.	PUNCT
gujaf-35	368	1	psychological	psychological	ADJ
gujaf-35	368	2	bulletin	bulletin	NOUN
gujaf-35	368	3	,	,	PUNCT
gujaf-35	368	4	107	107	NUM
gujaf-35	368	5	,	,	PUNCT
gujaf-35	368	6	375–384	375–384	NUM
gujaf-35	368	7	cox	cox	PROPN
gujaf-35	368	8	,	,	PUNCT
gujaf-35	368	9	t.	t.	PROPN
gujaf-35	368	10	h.	h.	PROPN
gujaf-35	368	11	(	(	PUNCT
gujaf-35	368	12	1994	1994	NUM
gujaf-35	368	13	)	)	PUNCT
gujaf-35	368	14	.	.	PUNCT
gujaf-35	369	1	cultural	cultural	ADJ
gujaf-35	369	2	diversity	diversity	NOUN
gujaf-35	369	3	in	in	ADP
gujaf-35	369	4	organizations	organization	NOUN
gujaf-35	369	5	:	:	PUNCT
gujaf-35	370	1	theory	theory	NOUN
gujaf-35	370	2	,	,	PUNCT
gujaf-35	370	3	research	research	NOUN
gujaf-35	370	4	and	and	CCONJ
gujaf-35	370	5	practice	practice	NOUN
gujaf-35	370	6	.	.	PUNCT
gujaf-35	371	1	san	san	PROPN
gujaf-35	371	2	francisco	francisco	PROPN
gujaf-35	371	3	,	,	PUNCT
gujaf-35	371	4	ca	can	AUX
gujaf-35	371	5	:	:	PUNCT
gujaf-35	371	6	berrett	berrett	PROPN
gujaf-35	371	7	-	-	PUNCT
gujaf-35	371	8	koehler	koehler	PROPN
gujaf-35	371	9	publishers	publisher	NOUN
gujaf-35	371	10	daily	daily	ADV
gujaf-35	371	11	,	,	PUNCT
gujaf-35	371	12	c.	c.	PROPN
gujaf-35	371	13	m.	m.	PROPN
gujaf-35	371	14	,	,	PUNCT
gujaf-35	371	15	&	&	CCONJ
gujaf-35	371	16	dalton	dalton	PROPN
gujaf-35	371	17	,	,	PUNCT
gujaf-35	371	18	d.	d.	PROPN
gujaf-35	371	19	r.	r.	PROPN
gujaf-35	371	20	(	(	PUNCT
gujaf-35	371	21	2003	2003	NUM
gujaf-35	371	22	)	)	PUNCT
gujaf-35	371	23	.	.	PUNCT
gujaf-35	372	1	women	woman	NOUN
gujaf-35	372	2	in	in	ADP
gujaf-35	372	3	the	the	DET
gujaf-35	372	4	boardroom	boardroom	NOUN
gujaf-35	372	5	:	:	PUNCT
gujaf-35	372	6	a	a	DET
gujaf-35	372	7	business	business	NOUN
gujaf-35	372	8	imperative	imperative	NOUN
gujaf-35	372	9	.	.	PUNCT
gujaf-35	373	1	journal	journal	PROPN
gujaf-35	373	2	of	of	ADP
gujaf-35	373	3	business	business	NOUN
gujaf-35	373	4	strategy	strategy	NOUN
gujaf-35	373	5	,	,	PUNCT
gujaf-35	373	6	24	24	NUM
gujaf-35	373	7	,	,	PUNCT
gujaf-35	373	8	8–10	8–10	NOUN
gujaf-35	373	9	duong	duong	PROPN
gujaf-35	373	10	,	,	PUNCT
gujaf-35	373	11	l.	l.	PROPN
gujaf-35	373	12	,	,	PUNCT
gujaf-35	373	13	evans	evans	PROPN
gujaf-35	373	14	,	,	PUNCT
gujaf-35	373	15	j.	j.	PROPN
gujaf-35	373	16	(	(	PUNCT
gujaf-35	373	17	2016	2016	NUM
gujaf-35	373	18	)	)	PUNCT
gujaf-35	373	19	,	,	PUNCT
gujaf-35	373	20	gender	gender	NOUN
gujaf-35	373	21	differences	difference	NOUN
gujaf-35	373	22	in	in	ADP
gujaf-35	373	23	compensation	compensation	NOUN
gujaf-35	373	24	and	and	CCONJ
gujaf-35	373	25	earnings	earning	NOUN
gujaf-35	373	26	management	management	NOUN
gujaf-35	373	27	:	:	PUNCT
gujaf-35	373	28	evidence	evidence	NOUN
gujaf-35	373	29	from	from	ADP
gujaf-35	373	30	australian	australian	ADJ
gujaf-35	373	31	cfos	cfos	NOUN
gujaf-35	373	32	.	.	PUNCT
gujaf-35	374	1	pacificbasin	pacificbasin	PROPN
gujaf-35	374	2	finance	finance	PROPN
gujaf-35	374	3	journal	journal	PROPN
gujaf-35	374	4	,	,	PUNCT
gujaf-35	374	5	40(a	40(a	NUM
gujaf-35	374	6	)	)	PUNCT
gujaf-35	374	7	,	,	PUNCT
gujaf-35	374	8	17	17	NUM
gujaf-35	374	9	-	-	SYM
gujaf-35	374	10	35	35	NUM
gujaf-35	374	11	dahya	dahya	NOUN
gujaf-35	374	12	,	,	PUNCT
gujaf-35	374	13	j.	j.	PROPN
gujaf-35	374	14	,	,	PUNCT
gujaf-35	374	15	dimitrov	dimitrov	PROPN
gujaf-35	374	16	,	,	PUNCT
gujaf-35	374	17	o.	o.	PROPN
gujaf-35	374	18	,	,	PUNCT
gujaf-35	374	19	&	&	CCONJ
gujaf-35	374	20	mcconnell	mcconnell	PROPN
gujaf-35	374	21	,	,	PUNCT
gujaf-35	374	22	j.	j.	PROPN
gujaf-35	374	23	(	(	PUNCT
gujaf-35	374	24	2008	2008	NUM
gujaf-35	374	25	)	)	PUNCT
gujaf-35	374	26	.	.	PUNCT
gujaf-35	375	1	dominant	dominant	ADJ
gujaf-35	375	2	shareholders	shareholder	NOUN
gujaf-35	375	3	,	,	PUNCT
gujaf-35	375	4	corporate	corporate	ADJ
gujaf-35	375	5	boards	board	NOUN
gujaf-35	375	6	,	,	PUNCT
gujaf-35	375	7	and	and	CCONJ
gujaf-35	375	8	corporate	corporate	ADJ
gujaf-35	375	9	value	value	NOUN
gujaf-35	375	10	:	:	PUNCT
gujaf-35	375	11	a	a	DET
gujaf-35	375	12	cross	cross	ADJ
gujaf-35	375	13	-	-	ADJ
gujaf-35	375	14	country	country	ADJ
gujaf-35	375	15	analysis	analysis	NOUN
gujaf-35	375	16	.	.	PUNCT
gujaf-35	376	1	journal	journal	NOUN
gujaf-35	376	2	of	of	ADP
gujaf-35	376	3	financial	financial	ADJ
gujaf-35	376	4	economics	economic	NOUN
gujaf-35	376	5	,	,	PUNCT
gujaf-35	376	6	87	87	NUM
gujaf-35	376	7	,	,	PUNCT
gujaf-35	376	8	73–100	73–100	NUM
gujaf-35	376	9	.	.	PUNCT
gujaf-35	377	1	daily	daily	PROPN
gujaf-35	377	2	,	,	PUNCT
gujaf-35	377	3	c.	c.	PROPN
gujaf-35	377	4	m.	m.	PROPN
gujaf-35	377	5	,	,	PUNCT
gujaf-35	377	6	&	&	CCONJ
gujaf-35	377	7	dalton	dalton	PROPN
gujaf-35	377	8	,	,	PUNCT
gujaf-35	377	9	d.	d.	PROPN
gujaf-35	377	10	r.	r.	PROPN
gujaf-35	377	11	(	(	PUNCT
gujaf-35	377	12	1997	1997	NUM
gujaf-35	377	13	)	)	PUNCT
gujaf-35	377	14	.	.	PUNCT
gujaf-35	378	1	ceo	ceo	NOUN
gujaf-35	378	2	and	and	CCONJ
gujaf-35	378	3	board	board	NOUN
gujaf-35	378	4	chair	chair	NOUN
gujaf-35	378	5	roles	role	NOUN
gujaf-35	378	6	held	hold	VERB
gujaf-35	378	7	jointly	jointly	ADV
gujaf-35	378	8	or	or	CCONJ
gujaf-35	378	9	separately	separately	ADV
gujaf-35	378	10	:	:	PUNCT
gujaf-35	378	11	much	much	ADJ
gujaf-35	378	12	ado	ado	INTJ
gujaf-35	378	13	about	about	ADP
gujaf-35	378	14	nothing	nothing	PRON
gujaf-35	378	15	?	?	PUNCT
gujaf-35	379	1	academy	academy	PROPN
gujaf-35	379	2	of	of	ADP
gujaf-35	379	3	management	management	NOUN
gujaf-35	379	4	executive	executive	NOUN
gujaf-35	379	5	,	,	PUNCT
gujaf-35	379	6	11	11	NUM
gujaf-35	379	7	,	,	PUNCT
gujaf-35	379	8	11–20	11–20	NUM
gujaf-35	379	9	gusau	gusau	ADJ
gujaf-35	379	10	journal	journal	NOUN
gujaf-35	379	11	of	of	ADP
gujaf-35	379	12	accounting	accounting	NOUN
gujaf-35	379	13	and	and	CCONJ
gujaf-35	379	14	finance	finance	NOUN
gujaf-35	379	15	,	,	PUNCT
gujaf-35	379	16	vol	vol	NOUN
gujaf-35	379	17	.	.	PUNCT
gujaf-35	380	1	i	i	PRON
gujaf-35	380	2	,	,	PUNCT
gujaf-35	380	3	issue	issue	NOUN
gujaf-35	380	4	2	2	NUM
gujaf-35	380	5	,	,	PUNCT
gujaf-35	380	6	october	october	PROPN
gujaf-35	380	7	,	,	PUNCT
gujaf-35	380	8	2020	2020	NUM
gujaf-35	380	9	21	21	NUM
gujaf-35	380	10	gul	gul	PROPN
gujaf-35	380	11	,	,	PUNCT
gujaf-35	380	12	f.	f.	PROPN
gujaf-35	380	13	a.	a.	PROPN
gujaf-35	380	14	,	,	PUNCT
gujaf-35	380	15	srinidhi	srinidhi	PROPN
gujaf-35	380	16	,	,	PUNCT
gujaf-35	380	17	b.	b.	PROPN
gujaf-35	380	18	,	,	PUNCT
gujaf-35	380	19	&	&	CCONJ
gujaf-35	380	20	ng	ng	PROPN
gujaf-35	380	21	,	,	PUNCT
gujaf-35	380	22	a.	a.	PROPN
gujaf-35	380	23	c.	c.	PROPN
gujaf-35	380	24	(	(	PUNCT
gujaf-35	380	25	2011	2011	NUM
gujaf-35	380	26	)	)	PUNCT
gujaf-35	380	27	.	.	PUNCT
gujaf-35	381	1	does	do	AUX
gujaf-35	381	2	board	board	VERB
gujaf-35	381	3	gender	gender	NOUN
gujaf-35	381	4	diversity	diversity	NOUN
gujaf-35	381	5	improve	improve	VERB
gujaf-35	381	6	the	the	DET
gujaf-35	381	7	informativeness	informativeness	NOUN
gujaf-35	381	8	of	of	ADP
gujaf-35	381	9	stock	stock	NOUN
gujaf-35	381	10	prices	price	NOUN
gujaf-35	381	11	?	?	PUNCT
gujaf-35	382	1	journal	journal	NOUN
gujaf-35	382	2	of	of	ADP
gujaf-35	382	3	accounting	accounting	NOUN
gujaf-35	382	4	and	and	CCONJ
gujaf-35	382	5	economics	economic	NOUN
gujaf-35	382	6	,	,	PUNCT
gujaf-35	382	7	51	51	NUM
gujaf-35	382	8	,	,	PUNCT
gujaf-35	382	9	314–338	314–338	NUM
gujaf-35	382	10	malmendier	malmendier	NOUN
gujaf-35	382	11	,	,	PUNCT
gujaf-35	382	12	u.	u.	PROPN
gujaf-35	382	13	,	,	PUNCT
gujaf-35	382	14	&	&	CCONJ
gujaf-35	382	15	tate	tate	PROPN
gujaf-35	382	16	,	,	PUNCT
gujaf-35	382	17	g.	g.	PROPN
gujaf-35	382	18	(	(	PUNCT
gujaf-35	382	19	2009	2009	NUM
gujaf-35	382	20	)	)	PUNCT
gujaf-35	382	21	.	.	PUNCT
gujaf-35	383	1	superstar	superstar	NOUN
gujaf-35	383	2	ceos	ceos	PROPN
gujaf-35	383	3	.	.	PUNCT
gujaf-35	384	1	quarterly	quarterly	ADJ
gujaf-35	384	2	journal	journal	NOUN
gujaf-35	384	3	of	of	ADP
gujaf-35	384	4	economics	economic	NOUN
gujaf-35	384	5	,	,	PUNCT
gujaf-35	384	6	124(4	124(4	NUM
gujaf-35	384	7	)	)	PUNCT
gujaf-35	384	8	,	,	PUNCT
gujaf-35	384	9	1593–1638	1593–1638	NUM
gujaf-35	384	10	anderson	anderson	PROPN
gujaf-35	384	11	,	,	PUNCT
gujaf-35	384	12	r.	r.	PROPN
gujaf-35	384	13	,	,	PUNCT
gujaf-35	384	14	&	&	CCONJ
gujaf-35	384	15	reeb	reeb	PROPN
gujaf-35	384	16	,	,	PUNCT
gujaf-35	384	17	d.	d.	PROPN
gujaf-35	384	18	(	(	PUNCT
gujaf-35	384	19	2004	2004	NUM
gujaf-35	384	20	)	)	PUNCT
gujaf-35	384	21	.	.	PUNCT
gujaf-35	385	1	board	board	NOUN
gujaf-35	385	2	composition	composition	NOUN
gujaf-35	385	3	:	:	PUNCT
gujaf-35	385	4	balancing	balance	VERB
gujaf-35	385	5	family	family	NOUN
gujaf-35	385	6	influence	influence	NOUN
gujaf-35	385	7	in	in	ADP
gujaf-35	385	8	s&p	s&p	PROPN
gujaf-35	385	9	500	500	NUM
gujaf-35	385	10	firms	firm	NOUN
gujaf-35	385	11	.	.	PUNCT
gujaf-35	386	1	administrative	administrative	ADJ
gujaf-35	386	2	science	science	PROPN
gujaf-35	386	3	quarterly	quarterly	ADV
gujaf-35	386	4	,	,	PUNCT
gujaf-35	386	5	49	49	NUM
gujaf-35	386	6	,	,	PUNCT
gujaf-35	386	7	209–237	209–237	NUM
gujaf-35	386	8	yeh	yeh	NOUN
gujaf-35	386	9	,	,	PUNCT
gujaf-35	386	10	y.	y.	PROPN
gujaf-35	386	11	,	,	PUNCT
gujaf-35	386	12	&	&	CCONJ
gujaf-35	386	13	woidtke	woidtke	PROPN
gujaf-35	386	14	,	,	PUNCT
gujaf-35	386	15	t.	t.	PROPN
gujaf-35	386	16	(	(	PUNCT
gujaf-35	386	17	2005	2005	NUM
gujaf-35	386	18	)	)	PUNCT
gujaf-35	386	19	.	.	PUNCT
gujaf-35	387	1	commitment	commitment	NOUN
gujaf-35	387	2	or	or	CCONJ
gujaf-35	387	3	entrenchment	entrenchment	NOUN
gujaf-35	387	4	?	?	PUNCT
gujaf-35	388	1	controlling	control	VERB
gujaf-35	388	2	shareholders	shareholder	NOUN
gujaf-35	388	3	and	and	CCONJ
gujaf-35	388	4	board	board	NOUN
gujaf-35	388	5	composition	composition	NOUN
gujaf-35	388	6	.	.	PUNCT
gujaf-35	389	1	journal	journal	NOUN
gujaf-35	389	2	of	of	ADP
gujaf-35	389	3	banking	banking	NOUN
gujaf-35	389	4	&	&	CCONJ
gujaf-35	389	5	finance	finance	PROPN
gujaf-35	389	6	,	,	PUNCT
gujaf-35	389	7	29	29	NUM
gujaf-35	389	8	,	,	PUNCT
gujaf-35	389	9	1857–1885	1857–1885	NUM
gujaf-35	389	10	malmendier	malmendier	NOUN
gujaf-35	389	11	,	,	PUNCT
gujaf-35	389	12	u.	u.	PROPN
gujaf-35	389	13	,	,	PUNCT
gujaf-35	389	14	&	&	CCONJ
gujaf-35	389	15	tate	tate	PROPN
gujaf-35	389	16	,	,	PUNCT
gujaf-35	389	17	g.	g.	PROPN
gujaf-35	389	18	(	(	PUNCT
gujaf-35	389	19	2008	2008	NUM
gujaf-35	389	20	)	)	PUNCT
gujaf-35	389	21	.	.	PUNCT
gujaf-35	390	1	who	who	PRON
gujaf-35	390	2	makes	make	VERB
gujaf-35	390	3	acquisitions	acquisition	NOUN
gujaf-35	390	4	?	?	PUNCT
gujaf-35	391	1	ceo	ceo	NOUN
gujaf-35	391	2	overconfidence	overconfidence	NOUN
gujaf-35	391	3	and	and	CCONJ
gujaf-35	391	4	the	the	DET
gujaf-35	391	5	market	market	NOUN
gujaf-35	391	6	’s	’s	PART
gujaf-35	391	7	reaction	reaction	NOUN
gujaf-35	391	8	.	.	PUNCT
gujaf-35	392	1	journal	journal	NOUN
gujaf-35	392	2	of	of	ADP
gujaf-35	392	3	financial	financial	ADJ
gujaf-35	392	4	economics	economic	NOUN
gujaf-35	392	5	,	,	PUNCT
gujaf-35	392	6	89	89	NUM
gujaf-35	392	7	,	,	PUNCT
gujaf-35	392	8	20–43	20–43	NUM
gujaf-35	392	9	.	.	PUNCT
gujaf-35	393	1	masulis	masulis	PROPN
gujaf-35	393	2	,	,	PUNCT
gujaf-35	393	3	r.	r.	PROPN
gujaf-35	393	4	w.	w.	PROPN
gujaf-35	393	5	,	,	PUNCT
gujaf-35	393	6	wang	wang	PROPN
gujaf-35	393	7	,	,	PUNCT
gujaf-35	393	8	c.	c.	PROPN
gujaf-35	393	9	,	,	PUNCT
gujaf-35	393	10	&	&	CCONJ
gujaf-35	393	11	xie	xie	PROPN
gujaf-35	393	12	,	,	PUNCT
gujaf-35	393	13	f.	f.	PROPN
gujaf-35	393	14	(	(	PUNCT
gujaf-35	393	15	2009	2009	NUM
gujaf-35	393	16	)	)	PUNCT
gujaf-35	393	17	.	.	PUNCT
gujaf-35	394	1	agency	agency	NOUN
gujaf-35	394	2	problems	problem	NOUN
gujaf-35	394	3	at	at	ADP
gujaf-35	394	4	dualclass	dualclass	NOUN
gujaf-35	394	5	companies	company	NOUN
gujaf-35	394	6	.	.	PUNCT
gujaf-35	395	1	the	the	DET
gujaf-35	395	2	journal	journal	PROPN
gujaf-35	395	3	of	of	ADP
gujaf-35	395	4	finance	finance	NOUN
gujaf-35	395	5	,	,	PUNCT
gujaf-35	395	6	64	64	NUM
gujaf-35	395	7	,	,	PUNCT
gujaf-35	395	8	1697–1727	1697–1727	NUM
gujaf-35	395	9	la	la	PRON
gujaf-35	395	10	porta	porta	PROPN
gujaf-35	395	11	,	,	PUNCT
gujaf-35	395	12	r.	r.	PROPN
gujaf-35	395	13	,	,	PUNCT
gujaf-35	395	14	lopez	lopez	NOUN
gujaf-35	395	15	-	-	PUNCT
gujaf-35	395	16	de	de	NOUN
gujaf-35	395	17	-	-	NOUN
gujaf-35	395	18	silanes	silanes	PROPN
gujaf-35	395	19	,	,	PUNCT
gujaf-35	395	20	f.	f.	PROPN
gujaf-35	395	21	,	,	PUNCT
gujaf-35	395	22	shleifer	shleifer	PROPN
gujaf-35	395	23	,	,	PUNCT
gujaf-35	395	24	a.	a.	PROPN
gujaf-35	395	25	,	,	PUNCT
gujaf-35	395	26	&	&	CCONJ
gujaf-35	395	27	vishny	vishny	PROPN
gujaf-35	395	28	,	,	PUNCT
gujaf-35	395	29	r.	r.	PROPN
gujaf-35	395	30	w.	w.	PROPN
gujaf-35	395	31	(	(	PUNCT
gujaf-35	395	32	2000	2000	NUM
gujaf-35	395	33	)	)	PUNCT
gujaf-35	395	34	.	.	PUNCT
gujaf-35	396	1	agency	agency	NOUN
gujaf-35	396	2	problems	problem	NOUN
gujaf-35	396	3	and	and	CCONJ
gujaf-35	396	4	dividend	dividend	NOUN
gujaf-35	396	5	policies	policy	NOUN
gujaf-35	396	6	around	around	ADP
gujaf-35	396	7	the	the	DET
gujaf-35	396	8	world	world	NOUN
gujaf-35	396	9	.	.	PUNCT
gujaf-35	397	1	the	the	DET
gujaf-35	397	2	journal	journal	PROPN
gujaf-35	397	3	of	of	ADP
gujaf-35	397	4	finance	finance	NOUN
gujaf-35	397	5	,	,	PUNCT
gujaf-35	397	6	55	55	NUM
gujaf-35	397	7	,	,	PUNCT
gujaf-35	397	8	1–33	1–33	PROPN
gujaf-35	397	9	dittmar	dittmar	NOUN
gujaf-35	397	10	,	,	PUNCT
gujaf-35	397	11	a.	a.	NOUN
gujaf-35	397	12	,	,	PUNCT
gujaf-35	397	13	&	&	CCONJ
gujaf-35	397	14	mahrt	mahrt	PROPN
gujaf-35	397	15	-	-	PUNCT
gujaf-35	397	16	smith	smith	PROPN
gujaf-35	397	17	,	,	PUNCT
gujaf-35	397	18	j.	j.	PROPN
gujaf-35	397	19	(	(	PUNCT
gujaf-35	397	20	2007	2007	NUM
gujaf-35	397	21	)	)	PUNCT
gujaf-35	397	22	.	.	PUNCT
gujaf-35	398	1	corporate	corporate	ADJ
gujaf-35	398	2	governance	governance	NOUN
gujaf-35	398	3	and	and	CCONJ
gujaf-35	398	4	the	the	DET
gujaf-35	398	5	value	value	NOUN
gujaf-35	398	6	of	of	ADP
gujaf-35	398	7	cash	cash	NOUN
gujaf-35	398	8	holdings	holding	NOUN
gujaf-35	398	9	.	.	PUNCT
gujaf-35	399	1	journal	journal	NOUN
gujaf-35	399	2	of	of	ADP
gujaf-35	399	3	financial	financial	ADJ
gujaf-35	399	4	economics	economic	NOUN
gujaf-35	399	5	,	,	PUNCT
gujaf-35	399	6	83	83	NUM
gujaf-35	399	7	599–634	599–634	NUM
gujaf-35	399	8	jensen	jensen	PROPN
gujaf-35	399	9	,	,	PUNCT
gujaf-35	399	10	m.	m.	NOUN
gujaf-35	399	11	,	,	PUNCT
gujaf-35	399	12	(	(	PUNCT
gujaf-35	399	13	1986	1986	NUM
gujaf-35	399	14	)	)	PUNCT
gujaf-35	399	15	.	.	PUNCT
gujaf-35	400	1	agency	agency	NOUN
gujaf-35	400	2	costs	cost	NOUN
gujaf-35	400	3	of	of	ADP
gujaf-35	400	4	free	free	ADJ
gujaf-35	400	5	cash	cash	NOUN
gujaf-35	400	6	flow	flow	NOUN
gujaf-35	400	7	,	,	PUNCT
gujaf-35	400	8	corporate	corporate	ADJ
gujaf-35	400	9	finance	finance	NOUN
gujaf-35	400	10	and	and	CCONJ
gujaf-35	400	11	takeovers	takeover	NOUN
gujaf-35	400	12	.	.	PUNCT
gujaf-35	401	1	american	american	PROPN
gujaf-35	401	2	economic	economic	PROPN
gujaf-35	401	3	review	review	PROPN
gujaf-35	401	4	,	,	PUNCT
gujaf-35	401	5	76	76	NUM
gujaf-35	401	6	,	,	PUNCT
gujaf-35	401	7	323	323	NUM
gujaf-35	401	8	-	-	SYM
gujaf-35	401	9	329	329	NUM
gujaf-35	401	10	.	.	PUNCT
gujaf-35	402	1	terjesen	terjesen	PROPN
gujaf-35	402	2	,	,	PUNCT
gujaf-35	402	3	s.	s.	PROPN
gujaf-35	402	4	,	,	PUNCT
gujaf-35	402	5	couto	couto	PROPN
gujaf-35	402	6	,	,	PUNCT
gujaf-35	402	7	e.	e.	PROPN
gujaf-35	402	8	b.	b.	PROPN
gujaf-35	402	9	,	,	PUNCT
gujaf-35	402	10	&	&	CCONJ
gujaf-35	402	11	francisco	francisco	PROPN
gujaf-35	402	12	,	,	PUNCT
gujaf-35	402	13	p.	p.	NOUN
gujaf-35	402	14	m.	m.	NOUN
gujaf-35	402	15	(	(	PUNCT
gujaf-35	402	16	2016	2016	NUM
gujaf-35	402	17	)	)	PUNCT
gujaf-35	402	18	.	.	PUNCT
gujaf-35	403	1	does	do	AUX
gujaf-35	403	2	the	the	DET
gujaf-35	403	3	presence	presence	NOUN
gujaf-35	403	4	of	of	ADP
gujaf-35	403	5	independent	independent	ADJ
gujaf-35	403	6	and	and	CCONJ
gujaf-35	403	7	female	female	ADJ
gujaf-35	403	8	directors	director	NOUN
gujaf-35	403	9	impact	impact	VERB
gujaf-35	403	10	firm	firm	ADJ
gujaf-35	403	11	performance	performance	NOUN
gujaf-35	403	12	?	?	PUNCT
gujaf-35	404	1	a	a	DET
gujaf-35	404	2	multicountry	multicountry	NOUN
gujaf-35	404	3	study	study	NOUN
gujaf-35	404	4	of	of	ADP
gujaf-35	404	5	board	board	NOUN
gujaf-35	404	6	diversity	diversity	NOUN
gujaf-35	404	7	.	.	PUNCT
gujaf-35	405	1	journal	journal	PROPN
gujaf-35	405	2	of	of	ADP
gujaf-35	405	3	management	management	NOUN
gujaf-35	405	4	&	&	CCONJ
gujaf-35	405	5	governance	governance	NOUN
gujaf-35	405	6	,	,	PUNCT
gujaf-35	405	7	20	20	NUM
gujaf-35	405	8	,	,	PUNCT
gujaf-35	405	9	447–483	447–483	PROPN
gujaf-35	405	10	chen	chen	PROPN
gujaf-35	405	11	,	,	PUNCT
gujaf-35	405	12	j.	j.	PROPN
gujaf-35	405	13	,	,	PUNCT
gujaf-35	405	14	leung	leung	PROPN
gujaf-35	405	15	,	,	PUNCT
gujaf-35	405	16	w.	w.	PROPN
gujaf-35	405	17	s.	s.	PROPN
gujaf-35	405	18	,	,	PUNCT
gujaf-35	405	19	&	&	CCONJ
gujaf-35	405	20	goergen	goergen	PROPN
gujaf-35	405	21	,	,	PUNCT
gujaf-35	405	22	m.	m.	NOUN
gujaf-35	405	23	(	(	PUNCT
gujaf-35	405	24	2017	2017	NUM
gujaf-35	405	25	)	)	PUNCT
gujaf-35	405	26	.	.	PUNCT
gujaf-35	406	1	the	the	DET
gujaf-35	406	2	impact	impact	NOUN
gujaf-35	406	3	of	of	ADP
gujaf-35	406	4	board	board	NOUN
gujaf-35	406	5	gender	gender	NOUN
gujaf-35	406	6	composition	composition	NOUN
gujaf-35	406	7	on	on	ADP
gujaf-35	406	8	dividend	dividend	NOUN
gujaf-35	406	9	payouts	payout	NOUN
gujaf-35	406	10	.	.	PUNCT
gujaf-35	407	1	journal	journal	PROPN
gujaf-35	407	2	of	of	ADP
gujaf-35	407	3	corporate	corporate	ADJ
gujaf-35	407	4	finance	finance	NOUN
gujaf-35	407	5	,	,	PUNCT
gujaf-35	407	6	43	43	NUM
gujaf-35	407	7	,	,	PUNCT
gujaf-35	407	8	86–105	86–105	PROPN
gujaf-35	407	9	kim	kim	PROPN
gujaf-35	407	10	,	,	PUNCT
gujaf-35	407	11	h.	h.	PROPN
gujaf-35	407	12	,	,	PUNCT
gujaf-35	407	13	&	&	CCONJ
gujaf-35	407	14	lim	lim	PROPN
gujaf-35	407	15	,	,	PUNCT
gujaf-35	407	16	c.	c.	PROPN
gujaf-35	407	17	(	(	PUNCT
gujaf-35	407	18	2010	2010	NUM
gujaf-35	407	19	)	)	PUNCT
gujaf-35	407	20	.	.	PUNCT
gujaf-35	408	1	diversity	diversity	NOUN
gujaf-35	408	2	,	,	PUNCT
gujaf-35	408	3	outside	outside	ADJ
gujaf-35	408	4	directors	director	NOUN
gujaf-35	408	5	and	and	CCONJ
gujaf-35	408	6	firm	firm	ADJ
gujaf-35	408	7	valuation	valuation	NOUN
gujaf-35	408	8	:	:	PUNCT
gujaf-35	408	9	korean	korean	ADJ
gujaf-35	408	10	evidence	evidence	NOUN
gujaf-35	408	11	.	.	PUNCT
gujaf-35	409	1	journal	journal	NOUN
gujaf-35	409	2	of	of	ADP
gujaf-35	409	3	business	business	NOUN
gujaf-35	409	4	research	research	NOUN
gujaf-35	409	5	,	,	PUNCT
gujaf-35	409	6	63	63	NUM
gujaf-35	409	7	,	,	PUNCT
gujaf-35	409	8	284–291	284–291	NUM
gujaf-35	409	9	pombo	pombo	NOUN
gujaf-35	409	10	,	,	PUNCT
gujaf-35	409	11	c.	c.	PROPN
gujaf-35	409	12	,	,	PUNCT
gujaf-35	409	13	&	&	CCONJ
gujaf-35	409	14	gutiérrez	gutiérrez	PROPN
gujaf-35	409	15	,	,	PUNCT
gujaf-35	409	16	l.h	l.h	PROPN
gujaf-35	409	17	.	.	PROPN
gujaf-35	410	1	(	(	PUNCT
gujaf-35	410	2	2011).outside	2011).outside	NUM
gujaf-35	410	3	directors	director	NOUN
gujaf-35	410	4	,	,	PUNCT
gujaf-35	410	5	board	board	NOUN
gujaf-35	410	6	interlocks	interlock	NOUN
gujaf-35	410	7	and	and	CCONJ
gujaf-35	410	8	firm	firm	ADJ
gujaf-35	410	9	performance	performance	NOUN
gujaf-35	410	10	:	:	PUNCT
gujaf-35	410	11	empirical	empirical	ADJ
gujaf-35	410	12	evidence	evidence	NOUN
gujaf-35	410	13	from	from	ADP
gujaf-35	410	14	colombian	colombian	ADJ
gujaf-35	410	15	business	business	NOUN
gujaf-35	410	16	groups	group	NOUN
gujaf-35	410	17	.	.	PUNCT
gujaf-35	411	1	journal	journal	PROPN
gujaf-35	411	2	of	of	ADP
gujaf-35	411	3	economics	economic	NOUN
gujaf-35	411	4	and	and	CCONJ
gujaf-35	411	5	business	business	NOUN
gujaf-35	411	6	,	,	PUNCT
gujaf-35	411	7	63	63	NUM
gujaf-35	411	8	,	,	PUNCT
gujaf-35	411	9	251–277	251–277	NUM
gujaf-35	411	10	gusau	gusau	ADJ
gujaf-35	411	11	journal	journal	NOUN
gujaf-35	411	12	of	of	ADP
gujaf-35	411	13	accounting	accounting	NOUN
gujaf-35	411	14	and	and	CCONJ
gujaf-35	411	15	finance	finance	NOUN
gujaf-35	411	16	,	,	PUNCT
gujaf-35	411	17	vol	vol	NOUN
gujaf-35	411	18	.	.	PUNCT
gujaf-35	412	1	i	i	PRON
gujaf-35	412	2	,	,	PUNCT
gujaf-35	412	3	issue	issue	NOUN
gujaf-35	412	4	2	2	NUM
gujaf-35	412	5	,	,	PUNCT
gujaf-35	412	6	october	october	PROPN
gujaf-35	412	7	,	,	PUNCT
gujaf-35	412	8	2020	2020	NUM
gujaf-35	412	9	22	22	NUM
gujaf-35	412	10	thisday	thisday	NOUN
gujaf-35	412	11	(	(	PUNCT
gujaf-35	412	12	2017	2017	NUM
gujaf-35	412	13	)	)	PUNCT
gujaf-35	412	14	.	.	PUNCT
gujaf-35	413	1	https://www.thisdaylive.com/index.php/2017/09/22/cashrequirement-for-forward-dollar-purchases-causes-naira-shortage/	https://www.thisdaylive.com/index.php/2017/09/22/cashrequirement-for-forward-dollar-purchases-causes-naira-shortage/	PROPN
gujaf-35	413	2	nairametric	nairametric	ADJ
gujaf-35	413	3	(	(	PUNCT
gujaf-35	413	4	2020	2020	NUM
gujaf-35	413	5	)	)	PUNCT
gujaf-35	413	6	.	.	PUNCT
gujaf-35	414	1	https://nairametrics.com/2020/04/12/covid-19-nigeria-riskssupply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	https://nairametrics.com/2020/04/12/covid-19-nigeria-riskssupply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	PROPN
gujaf-35	414	2	thisday	thisday	NOUN
gujaf-35	414	3	(	(	PUNCT
gujaf-35	414	4	2020).https://www.thisdaylive.com	2020).https://www.thisdaylive.com	NUM
gujaf-35	414	5	/	/	SYM
gujaf-35	414	6	index.php/2020/05/03	index.php/2020/05/03	PROPN
gujaf-35	414	7	/	/	SYM
gujaf-35	414	8	oil	oil	NOUN
gujaf-35	414	9	-	-	PUNCT
gujaf-35	414	10	gas	gas	NOUN
gujaf-35	414	11	-	-	PUNCT
gujaf-35	414	12	firmsgrapple	firmsgrapple	NOUN
gujaf-35	414	13	-	-	PUNCT
gujaf-35	414	14	with	with	ADP
gujaf-35	414	15	-	-	PUNCT
gujaf-35	414	16	huge	huge	ADJ
gujaf-35	414	17	-	-	PUNCT
gujaf-35	414	18	debt	debt	NOUN
gujaf-35	414	19	-	-	PUNCT
gujaf-35	414	20	burden	burden	NOUN
gujaf-35	414	21	-	-	PUNCT
gujaf-35	414	22	as	as	ADP
gujaf-35	414	23	-	-	PUNCT
gujaf-35	414	24	prices	price	NOUN
gujaf-35	414	25	-	-	PUNCT
gujaf-35	414	26	crash/	crash/	NUM
gujaf-35	414	27	vanguard	vanguard	NOUN
gujaf-35	414	28	(	(	PUNCT
gujaf-35	414	29	2020	2020	NUM
gujaf-35	414	30	)	)	PUNCT
gujaf-35	414	31	https://www.vanguardngr.com/2020/12/concerns-as-6companies-dominate-nigerias-stock-market/	https://www.vanguardngr.com/2020/12/concerns-as-6companies-dominate-nigerias-stock-market/	PROPN
gujaf-35	414	32	https://www.thisdaylive.com/index.php/2017/09/22/cash-requirement-for-forward-dollar-purchases-causes-naira-shortage/	https://www.thisdaylive.com/index.php/2017/09/22/cash-requirement-for-forward-dollar-purchases-causes-naira-shortage/	PROPN
gujaf-35	414	33	https://www.thisdaylive.com/index.php/2017/09/22/cash-requirement-for-forward-dollar-purchases-causes-naira-shortage/	https://www.thisdaylive.com/index.php/2017/09/22/cash-requirement-for-forward-dollar-purchases-causes-naira-shortage/	PROPN
gujaf-35	414	34	https://nairametrics.com/2020/04/12/covid-19-nigeria-risks-supply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	https://nairametrics.com/2020/04/12/covid-19-nigeria-risks-supply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	PROPN
gujaf-35	414	35	https://nairametrics.com/2020/04/12/covid-19-nigeria-risks-supply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	https://nairametrics.com/2020/04/12/covid-19-nigeria-risks-supply-chain-bottleneck-loss-of-n2-27-trillion-in-trade/	PROPN
gujaf-35	414	36	https://www.thisdaylive.com/index.php/2020/05/03/oil-gas-firms-grapple-with-huge-debt-burden-as-prices-crash/	https://www.thisdaylive.com/index.php/2020/05/03/oil-gas-firms-grapple-with-huge-debt-burden-as-prices-crash/	ADV
gujaf-35	414	37	https://www.thisdaylive.com/index.php/2020/05/03/oil-gas-firms-grapple-with-huge-debt-burden-as-prices-crash/	https://www.thisdaylive.com/index.php/2020/05/03/oil-gas-firms-grapple-with-huge-debt-burden-as-prices-crash/	ADV
gujaf-35	414	38	https://www.vanguardngr.com/2020/12/concerns-as-6-companies-dominate-nigerias-stock-market/	https://www.vanguardngr.com/2020/12/concerns-as-6-companies-dominate-nigerias-stock-market/	PRON
gujaf-35	414	39	https://www.vanguardngr.com/2020/12/concerns-as-6-companies-dominate-nigerias-stock-market/	https://www.vanguardngr.com/2020/12/concerns-as-6-companies-dominate-nigerias-stock-market/	NOUN