id	sid	tid	token	lemma	pos
gujaf-376	1	1	microsoft	microsoft	PROPN
gujaf-376	1	2	word	word	PROPN
gujaf-376	1	3	fk	fk	INTJ
gujaf-376	1	4	to	to	ADP
gujaf-376	1	5	mr	mr	PROPN
gujaf-376	1	6	hassan	hassan	PROPN
gujaf-376	1	7	6	6	NUM
gujaf-376	1	8	1	1	NUM
gujaf-376	1	9	gusau	gusau	ADJ
gujaf-376	1	10	journal	journal	NOUN
gujaf-376	1	11	of	of	ADP
gujaf-376	1	12	accounting	accounting	NOUN
gujaf-376	1	13	and	and	CCONJ
gujaf-376	1	14	finance	finance	NOUN
gujaf-376	1	15	,	,	PUNCT
gujaf-376	1	16	vol.6	vol.6	PROPN
gujaf-376	1	17	,	,	PUNCT
gujaf-376	1	18	issue	issue	NOUN
gujaf-376	1	19	1	1	NUM
gujaf-376	1	20	,	,	PUNCT
gujaf-376	1	21	april	april	PROPN
gujaf-376	1	22	,	,	PUNCT
gujaf-376	1	23	2025	2025	NUM
gujaf-376	1	24	152	152	NUM
gujaf-376	1	25	ownership	ownership	NOUN
gujaf-376	1	26	attributes	attribute	NOUN
gujaf-376	1	27	and	and	CCONJ
gujaf-376	1	28	firm	firm	ADJ
gujaf-376	1	29	value	value	NOUN
gujaf-376	1	30	:	:	PUNCT
gujaf-376	1	31	evidence	evidence	NOUN
gujaf-376	1	32	from	from	ADP
gujaf-376	1	33	listed	list	VERB
gujaf-376	1	34	non	non	ADJ
gujaf-376	1	35	-	-	ADJ
gujaf-376	1	36	financial	financial	ADJ
gujaf-376	1	37	firms	firm	NOUN
gujaf-376	1	38	in	in	ADP
gujaf-376	1	39	nigeria	nigeria	PROPN
gujaf-376	1	40	yusuf	yusuf	PROPN
gujaf-376	1	41	olamilekan	olamilekan	PROPN
gujaf-376	1	42	quadri	quadri	PROPN
gujaf-376	1	43	department	department	PROPN
gujaf-376	1	44	of	of	ADP
gujaf-376	1	45	accounting	accounting	NOUN
gujaf-376	1	46	and	and	CCONJ
gujaf-376	1	47	finance	finance	NOUN
gujaf-376	1	48	,	,	PUNCT
gujaf-376	1	49	kwara	kwara	PROPN
gujaf-376	1	50	state	state	PROPN
gujaf-376	1	51	university	university	PROPN
gujaf-376	1	52	,	,	PUNCT
gujaf-376	1	53	malete	malete	NOUN
gujaf-376	1	54	,	,	PUNCT
gujaf-376	1	55	kwara	kwara	PROPN
gujaf-376	1	56	state	state	PROPN
gujaf-376	1	57	,	,	PUNCT
gujaf-376	1	58	nigeria	nigeria	PROPN
gujaf-376	1	59	.	.	PUNCT
gujaf-376	2	1	quadriyusuf@gmail.com	quadriyusuf@gmail.com	PROPN
gujaf-376	2	2	,	,	PUNCT
gujaf-376	2	3	+2348065587154	+2348065587154	VERB
gujaf-376	2	4	lukman	lukman	PROPN
gujaf-376	2	5	adebayo	adebayo	PROPN
gujaf-376	2	6	-	-	PUNCT
gujaf-376	2	7	oke	oke	PROPN
gujaf-376	2	8	abdurauf	abdurauf	PROPN
gujaf-376	2	9	department	department	PROPN
gujaf-376	2	10	of	of	ADP
gujaf-376	2	11	accounting	accounting	NOUN
gujaf-376	2	12	and	and	CCONJ
gujaf-376	2	13	finance	finance	NOUN
gujaf-376	2	14	,	,	PUNCT
gujaf-376	2	15	kwara	kwara	PROPN
gujaf-376	2	16	state	state	PROPN
gujaf-376	2	17	university	university	PROPN
gujaf-376	2	18	,	,	PUNCT
gujaf-376	2	19	malete	malete	NOUN
gujaf-376	2	20	,	,	PUNCT
gujaf-376	2	21	kwara	kwara	PROPN
gujaf-376	2	22	state	state	PROPN
gujaf-376	2	23	,	,	PUNCT
gujaf-376	2	24	nigeria	nigeria	PROPN
gujaf-376	2	25	.	.	PUNCT
gujaf-376	3	1	okelukman2003@yahoo.com	okelukman2003@yahoo.com	PROPN
gujaf-376	3	2	,	,	PUNCT
gujaf-376	3	3	+2348034305255	+2348034305255	PROPN
gujaf-376	3	4	sheriff	sheriff	PROPN
gujaf-376	3	5	akanji	akanji	PROPN
gujaf-376	3	6	ibrahim	ibrahim	PROPN
gujaf-376	3	7	department	department	PROPN
gujaf-376	3	8	of	of	ADP
gujaf-376	3	9	accounting	accounting	NOUN
gujaf-376	3	10	and	and	CCONJ
gujaf-376	3	11	finance	finance	NOUN
gujaf-376	3	12	,	,	PUNCT
gujaf-376	3	13	kwara	kwara	PROPN
gujaf-376	3	14	state	state	PROPN
gujaf-376	3	15	university	university	PROPN
gujaf-376	3	16	,	,	PUNCT
gujaf-376	3	17	malete	malete	NOUN
gujaf-376	3	18	,	,	PUNCT
gujaf-376	3	19	kwara	kwara	PROPN
gujaf-376	3	20	state	state	PROPN
gujaf-376	3	21	,	,	PUNCT
gujaf-376	3	22	nigeria	nigeria	PROPN
gujaf-376	3	23	.	.	PUNCT
gujaf-376	4	1	sheffygold001@gmail.com	sheffygold001@gmail.com	X
gujaf-376	4	2	,	,	PUNCT
gujaf-376	4	3	+2348136488288	+2348136488288	NUM
gujaf-376	4	4	https://doi.org/10.57233/gujaf.v6i1.11	https://doi.org/10.57233/gujaf.v6i1.11	X
gujaf-376	4	5	abstract	abstract	VERB
gujaf-376	4	6	the	the	DET
gujaf-376	4	7	volatile	volatile	ADJ
gujaf-376	4	8	macroeconomic	macroeconomic	ADJ
gujaf-376	4	9	environment	environment	NOUN
gujaf-376	4	10	in	in	ADP
gujaf-376	4	11	which	which	PRON
gujaf-376	4	12	listed	list	VERB
gujaf-376	4	13	non	non	ADJ
gujaf-376	4	14	-	-	ADJ
gujaf-376	4	15	financial	financial	ADJ
gujaf-376	4	16	firms	firm	NOUN
gujaf-376	4	17	operate	operate	VERB
gujaf-376	4	18	in	in	ADP
gujaf-376	4	19	nigeria	nigeria	PROPN
gujaf-376	4	20	has	have	AUX
gujaf-376	4	21	posed	pose	VERB
gujaf-376	4	22	many	many	ADJ
gujaf-376	4	23	challenges	challenge	NOUN
gujaf-376	4	24	to	to	PART
gujaf-376	4	25	firm	firm	VERB
gujaf-376	4	26	value	value	NOUN
gujaf-376	4	27	maximisation	maximisation	NOUN
gujaf-376	4	28	due	due	ADP
gujaf-376	4	29	to	to	ADP
gujaf-376	4	30	policy	policy	NOUN
gujaf-376	4	31	inconsistencies	inconsistency	NOUN
gujaf-376	4	32	,	,	PUNCT
gujaf-376	4	33	governance	governance	NOUN
gujaf-376	4	34	imbalance	imbalance	NOUN
gujaf-376	4	35	from	from	ADP
gujaf-376	4	36	ownership	ownership	NOUN
gujaf-376	4	37	configuration	configuration	NOUN
gujaf-376	4	38	,	,	PUNCT
gujaf-376	4	39	investors	investor	NOUN
gujaf-376	4	40	’	’	PART
gujaf-376	4	41	confidence	confidence	NOUN
gujaf-376	4	42	-	-	PUNCT
gujaf-376	4	43	related	relate	VERB
gujaf-376	4	44	issues	issue	NOUN
gujaf-376	4	45	,	,	PUNCT
gujaf-376	4	46	regulatory	regulatory	ADJ
gujaf-376	4	47	barriers	barrier	NOUN
gujaf-376	4	48	among	among	ADP
gujaf-376	4	49	others	other	NOUN
gujaf-376	4	50	.	.	PUNCT
gujaf-376	5	1	hence	hence	ADV
gujaf-376	5	2	,	,	PUNCT
gujaf-376	5	3	this	this	DET
gujaf-376	5	4	study	study	NOUN
gujaf-376	5	5	investigates	investigate	VERB
gujaf-376	5	6	the	the	DET
gujaf-376	5	7	impact	impact	NOUN
gujaf-376	5	8	of	of	ADP
gujaf-376	5	9	ownership	ownership	NOUN
gujaf-376	5	10	attributes	attribute	NOUN
gujaf-376	5	11	on	on	ADP
gujaf-376	5	12	firm	firm	ADJ
gujaf-376	5	13	value	value	NOUN
gujaf-376	5	14	of	of	ADP
gujaf-376	5	15	listed	list	VERB
gujaf-376	5	16	non	non	ADJ
gujaf-376	5	17	-	-	ADJ
gujaf-376	5	18	financial	financial	ADJ
gujaf-376	5	19	firms	firm	NOUN
gujaf-376	5	20	in	in	ADP
gujaf-376	5	21	nigeria	nigeria	PROPN
gujaf-376	5	22	.	.	PUNCT
gujaf-376	6	1	the	the	DET
gujaf-376	6	2	study	study	NOUN
gujaf-376	6	3	adopted	adopt	VERB
gujaf-376	6	4	a	a	DET
gujaf-376	6	5	longitudinal	longitudinal	ADJ
gujaf-376	6	6	research	research	NOUN
gujaf-376	6	7	design	design	NOUN
gujaf-376	6	8	and	and	CCONJ
gujaf-376	6	9	the	the	DET
gujaf-376	6	10	data	datum	NOUN
gujaf-376	6	11	of	of	ADP
gujaf-376	6	12	84	84	NUM
gujaf-376	6	13	sampled	sample	VERB
gujaf-376	6	14	listed	list	VERB
gujaf-376	6	15	non	non	ADJ
gujaf-376	6	16	-	-	ADJ
gujaf-376	6	17	financial	financial	ADJ
gujaf-376	6	18	companies	company	NOUN
gujaf-376	6	19	were	be	AUX
gujaf-376	6	20	extracted	extract	VERB
gujaf-376	6	21	from	from	ADP
gujaf-376	6	22	the	the	DET
gujaf-376	6	23	annual	annual	ADJ
gujaf-376	6	24	reports	report	NOUN
gujaf-376	6	25	and	and	CCONJ
gujaf-376	6	26	market	market	NOUN
gujaf-376	6	27	data	datum	NOUN
gujaf-376	6	28	websites	website	NOUN
gujaf-376	6	29	.	.	PUNCT
gujaf-376	7	1	panel	panel	NOUN
gujaf-376	7	2	generalised	generalise	VERB
gujaf-376	7	3	least	least	ADJ
gujaf-376	7	4	square	square	ADJ
gujaf-376	7	5	regression	regression	NOUN
gujaf-376	7	6	was	be	AUX
gujaf-376	7	7	employed	employ	VERB
gujaf-376	7	8	to	to	PART
gujaf-376	7	9	analyse	analyse	VERB
gujaf-376	7	10	the	the	DET
gujaf-376	7	11	data	datum	NOUN
gujaf-376	7	12	obtained	obtain	VERB
gujaf-376	7	13	and	and	CCONJ
gujaf-376	7	14	the	the	DET
gujaf-376	7	15	results	result	NOUN
gujaf-376	7	16	exhibited	exhibit	VERB
gujaf-376	7	17	that	that	SCONJ
gujaf-376	7	18	foreign	foreign	ADJ
gujaf-376	7	19	ownership	ownership	NOUN
gujaf-376	7	20	(	(	PUNCT
gujaf-376	7	21	β=0.1183	β=0.1183	PROPN
gujaf-376	7	22	,	,	PUNCT
gujaf-376	7	23	p	p	NOUN
gujaf-376	7	24	-	-	PUNCT
gujaf-376	7	25	value	value	NOUN
gujaf-376	7	26	=	=	NOUN
gujaf-376	7	27	0.000	0.000	NUM
gujaf-376	7	28	)	)	PUNCT
gujaf-376	7	29	,	,	PUNCT
gujaf-376	7	30	institutional	institutional	ADJ
gujaf-376	7	31	ownership	ownership	NOUN
gujaf-376	7	32	(	(	PUNCT
gujaf-376	7	33	β	β	X
gujaf-376	7	34	=	=	SYM
gujaf-376	7	35	0.5511	0.5511	NUM
gujaf-376	7	36	,	,	PUNCT
gujaf-376	7	37	p	p	NOUN
gujaf-376	7	38	-	-	PUNCT
gujaf-376	7	39	value	value	NOUN
gujaf-376	7	40	=	=	NOUN
gujaf-376	7	41	0.000	0.000	NUM
gujaf-376	7	42	)	)	PUNCT
gujaf-376	7	43	,	,	PUNCT
gujaf-376	7	44	managerial	managerial	ADJ
gujaf-376	7	45	ownership	ownership	NOUN
gujaf-376	7	46	(	(	PUNCT
gujaf-376	7	47	β	β	X
gujaf-376	7	48	=	=	SYM
gujaf-376	7	49	0.2206	0.2206	NUM
gujaf-376	7	50	,	,	PUNCT
gujaf-376	7	51	p	p	NOUN
gujaf-376	7	52	-	-	PUNCT
gujaf-376	7	53	value	value	NOUN
gujaf-376	7	54	=	=	NOUN
gujaf-376	7	55	0.031	0.031	NUM
gujaf-376	7	56	)	)	PUNCT
gujaf-376	7	57	and	and	CCONJ
gujaf-376	7	58	ownership	ownership	NOUN
gujaf-376	7	59	concentration	concentration	NOUN
gujaf-376	7	60	(	(	PUNCT
gujaf-376	7	61	β	β	X
gujaf-376	7	62	=	=	SYM
gujaf-376	7	63	0.1181	0.1181	NUM
gujaf-376	7	64	,	,	PUNCT
gujaf-376	7	65	p	p	NOUN
gujaf-376	7	66	-	-	PUNCT
gujaf-376	7	67	value	value	NOUN
gujaf-376	7	68	=	=	NOUN
gujaf-376	7	69	0.007	0.007	NUM
gujaf-376	7	70	)	)	PUNCT
gujaf-376	7	71	are	be	AUX
gujaf-376	7	72	all	all	ADV
gujaf-376	7	73	significant	significant	ADJ
gujaf-376	7	74	at	at	ADP
gujaf-376	7	75	5	5	NUM
gujaf-376	7	76	%	%	NOUN
gujaf-376	7	77	significant	significant	ADJ
gujaf-376	7	78	level	level	NOUN
gujaf-376	7	79	,	,	PUNCT
gujaf-376	7	80	the	the	DET
gujaf-376	7	81	study	study	NOUN
gujaf-376	7	82	concluded	conclude	VERB
gujaf-376	7	83	that	that	SCONJ
gujaf-376	7	84	ownership	ownership	NOUN
gujaf-376	7	85	attributes	attribute	NOUN
gujaf-376	7	86	enhance	enhance	VERB
gujaf-376	7	87	the	the	DET
gujaf-376	7	88	firm	firm	ADJ
gujaf-376	7	89	value	value	NOUN
gujaf-376	7	90	of	of	ADP
gujaf-376	7	91	listed	list	VERB
gujaf-376	7	92	non	non	ADJ
gujaf-376	7	93	-	-	ADJ
gujaf-376	7	94	financial	financial	ADJ
gujaf-376	7	95	firms	firm	NOUN
gujaf-376	7	96	in	in	ADP
gujaf-376	7	97	nigeria	nigeria	PROPN
gujaf-376	7	98	;	;	PUNCT
gujaf-376	7	99	thus	thus	ADV
gujaf-376	7	100	,	,	PUNCT
gujaf-376	7	101	it	it	PRON
gujaf-376	7	102	was	be	AUX
gujaf-376	7	103	recommended	recommend	VERB
gujaf-376	7	104	that	that	SCONJ
gujaf-376	7	105	sustainable	sustainable	ADJ
gujaf-376	7	106	valuecreation	valuecreation	NOUN
gujaf-376	7	107	strategies	strategy	NOUN
gujaf-376	7	108	should	should	AUX
gujaf-376	7	109	be	be	AUX
gujaf-376	7	110	adopted	adopt	VERB
gujaf-376	7	111	in	in	ADP
gujaf-376	7	112	balancing	balance	VERB
gujaf-376	7	113	all	all	DET
gujaf-376	7	114	forms	form	NOUN
gujaf-376	7	115	of	of	ADP
gujaf-376	7	116	ownership	ownership	NOUN
gujaf-376	7	117	attributes	attribute	NOUN
gujaf-376	7	118	among	among	ADP
gujaf-376	7	119	listed	list	VERB
gujaf-376	7	120	non	non	ADJ
gujaf-376	7	121	-	-	ADJ
gujaf-376	7	122	financial	financial	ADJ
gujaf-376	7	123	firms	firm	NOUN
gujaf-376	7	124	in	in	ADP
gujaf-376	7	125	order	order	NOUN
gujaf-376	7	126	to	to	PART
gujaf-376	7	127	enhance	enhance	VERB
gujaf-376	7	128	firm	firm	ADJ
gujaf-376	7	129	value	value	NOUN
gujaf-376	7	130	.	.	PUNCT
gujaf-376	8	1	keywords	keyword	NOUN
gujaf-376	8	2	:	:	PUNCT
gujaf-376	8	3	ownership	ownership	NOUN
gujaf-376	8	4	attributes	attribute	NOUN
gujaf-376	8	5	,	,	PUNCT
gujaf-376	8	6	managerial	managerial	ADJ
gujaf-376	8	7	ownership	ownership	NOUN
gujaf-376	8	8	,	,	PUNCT
gujaf-376	8	9	institutional	institutional	ADJ
gujaf-376	8	10	ownership	ownership	NOUN
gujaf-376	8	11	,	,	PUNCT
gujaf-376	8	12	foreign	foreign	ADJ
gujaf-376	8	13	ownership	ownership	NOUN
gujaf-376	8	14	,	,	PUNCT
gujaf-376	8	15	ownership	ownership	NOUN
gujaf-376	8	16	concentration	concentration	NOUN
gujaf-376	8	17	,	,	PUNCT
gujaf-376	8	18	firm	firm	ADJ
gujaf-376	8	19	value	value	NOUN
gujaf-376	8	20	jel	jel	PROPN
gujaf-376	8	21	classification	classification	PROPN
gujaf-376	8	22	code	code	PROPN
gujaf-376	8	23	:	:	PUNCT
gujaf-376	8	24	g30	g30	PROPN
gujaf-376	8	25	,	,	PUNCT
gujaf-376	8	26	g32	g32	VERB
gujaf-376	8	27	1.0	1.0	NUM
gujaf-376	8	28	introduction	introduction	NOUN
gujaf-376	8	29	remarkably	remarkably	ADV
gujaf-376	8	30	,	,	PUNCT
gujaf-376	8	31	the	the	DET
gujaf-376	8	32	multi	multi	ADJ
gujaf-376	8	33	-	-	ADJ
gujaf-376	8	34	faceted	faceted	ADJ
gujaf-376	8	35	role	role	NOUN
gujaf-376	8	36	of	of	ADP
gujaf-376	8	37	ownership	ownership	NOUN
gujaf-376	8	38	structure	structure	NOUN
gujaf-376	8	39	in	in	ADP
gujaf-376	8	40	maximising	maximise	VERB
gujaf-376	8	41	the	the	DET
gujaf-376	8	42	firm	firm	ADJ
gujaf-376	8	43	value	value	NOUN
gujaf-376	8	44	has	have	AUX
gujaf-376	8	45	been	be	AUX
gujaf-376	8	46	a	a	DET
gujaf-376	8	47	subject	subject	NOUN
gujaf-376	8	48	of	of	ADP
gujaf-376	8	49	discourse	discourse	NOUN
gujaf-376	8	50	in	in	ADP
gujaf-376	8	51	corporate	corporate	ADJ
gujaf-376	8	52	finance	finance	NOUN
gujaf-376	8	53	as	as	ADP
gujaf-376	8	54	the	the	DET
gujaf-376	8	55	distribution	distribution	NOUN
gujaf-376	8	56	of	of	ADP
gujaf-376	8	57	ownership	ownership	NOUN
gujaf-376	8	58	rights	right	NOUN
gujaf-376	8	59	and	and	CCONJ
gujaf-376	8	60	control	control	NOUN
gujaf-376	8	61	among	among	ADP
gujaf-376	8	62	the	the	DET
gujaf-376	8	63	different	different	ADJ
gujaf-376	8	64	stakeholders	stakeholder	NOUN
gujaf-376	8	65	of	of	ADP
gujaf-376	8	66	a	a	DET
gujaf-376	8	67	company	company	NOUN
gujaf-376	8	68	,	,	PUNCT
gujaf-376	8	69	such	such	ADJ
gujaf-376	8	70	as	as	ADP
gujaf-376	8	71	the	the	DET
gujaf-376	8	72	shareholders	shareholder	NOUN
gujaf-376	8	73	,	,	PUNCT
gujaf-376	8	74	the	the	DET
gujaf-376	8	75	management	management	NOUN
gujaf-376	8	76	,	,	PUNCT
gujaf-376	8	77	and	and	CCONJ
gujaf-376	8	78	the	the	DET
gujaf-376	8	79	board	board	NOUN
gujaf-376	8	80	of	of	ADP
gujaf-376	8	81	directors	director	NOUN
gujaf-376	8	82	lean	lean	VERB
gujaf-376	8	83	towards	towards	ADP
gujaf-376	8	84	affecting	affect	VERB
gujaf-376	8	85	the	the	DET
gujaf-376	8	86	company	company	NOUN
gujaf-376	8	87	's	's	PART
gujaf-376	8	88	governance	governance	NOUN
gujaf-376	8	89	,	,	PUNCT
gujaf-376	8	90	its	its	PRON
gujaf-376	8	91	decision	decision	NOUN
gujaf-376	8	92	-	-	PUNCT
gujaf-376	8	93	making	make	VERB
gujaf-376	8	94	processes	process	NOUN
gujaf-376	8	95	,	,	PUNCT
gujaf-376	8	96	and	and	CCONJ
gujaf-376	8	97	its	its	PRON
gujaf-376	8	98	ability	ability	NOUN
gujaf-376	8	99	to	to	PART
gujaf-376	8	100	generate	generate	VERB
gujaf-376	8	101	profits	profit	NOUN
gujaf-376	8	102	and	and	CCONJ
gujaf-376	8	103	growth	growth	NOUN
gujaf-376	8	104	(	(	PUNCT
gujaf-376	8	105	suriawinata	suriawinata	ADJ
gujaf-376	8	106	,	,	PUNCT
gujaf-376	8	107	2022	2022	NUM
gujaf-376	8	108	;	;	PUNCT
gujaf-376	8	109	qi	qi	PROPN
gujaf-376	8	110	,	,	PUNCT
gujaf-376	8	111	et	et	PROPN
gujaf-376	8	112	al	al	PROPN
gujaf-376	8	113	.	.	PROPN
gujaf-376	8	114	,	,	PUNCT
gujaf-376	8	115	2022	2022	NUM
gujaf-376	8	116	)	)	PUNCT
gujaf-376	8	117	.	.	PUNCT
gujaf-376	9	1	changes	change	NOUN
gujaf-376	9	2	in	in	ADP
gujaf-376	9	3	ownership	ownership	NOUN
gujaf-376	9	4	structure	structure	NOUN
gujaf-376	9	5	due	due	ADP
gujaf-376	9	6	to	to	ADP
gujaf-376	9	7	acquisitions	acquisition	NOUN
gujaf-376	9	8	,	,	PUNCT
gujaf-376	9	9	mergers	merger	NOUN
gujaf-376	9	10	,	,	PUNCT
gujaf-376	9	11	or	or	CCONJ
gujaf-376	9	12	changes	change	NOUN
gujaf-376	9	13	in	in	ADP
gujaf-376	9	14	controlling	control	VERB
gujaf-376	9	15	shareholders	shareholder	NOUN
gujaf-376	9	16	are	be	AUX
gujaf-376	9	17	implicative	implicative	ADJ
gujaf-376	9	18	on	on	ADP
gujaf-376	9	19	firm	firm	ADJ
gujaf-376	9	20	value	value	NOUN
gujaf-376	9	21	due	due	ADP
gujaf-376	9	22	to	to	ADP
gujaf-376	9	23	their	their	PRON
gujaf-376	9	24	impact	impact	NOUN
gujaf-376	9	25	on	on	ADP
gujaf-376	9	26	governance	governance	NOUN
gujaf-376	9	27	practices	practice	NOUN
gujaf-376	9	28	,	,	PUNCT
gujaf-376	9	29	strategic	strategic	ADJ
gujaf-376	9	30	direction	direction	NOUN
gujaf-376	9	31	,	,	PUNCT
gujaf-376	9	32	and	and	CCONJ
gujaf-376	9	33	investor	investor	NOUN
gujaf-376	9	34	perceptions	perception	NOUN
gujaf-376	9	35	(	(	PUNCT
gujaf-376	9	36	musah	musah	NOUN
gujaf-376	9	37	,	,	PUNCT
gujaf-376	9	38	et	et	PROPN
gujaf-376	9	39	al	al	PROPN
gujaf-376	9	40	.	.	PROPN
gujaf-376	9	41	,	,	PUNCT
gujaf-376	9	42	2020	2020	NUM
gujaf-376	9	43	)	)	PUNCT
gujaf-376	9	44	.	.	PUNCT
gujaf-376	10	1	ownership	ownership	NOUN
gujaf-376	10	2	structure	structure	NOUN
gujaf-376	10	3	tends	tend	VERB
gujaf-376	10	4	to	to	PART
gujaf-376	10	5	influence	influence	VERB
gujaf-376	10	6	firm	firm	ADJ
gujaf-376	10	7	value	value	NOUN
gujaf-376	10	8	by	by	ADP
gujaf-376	10	9	shaping	shape	VERB
gujaf-376	10	10	governance	governance	NOUN
gujaf-376	10	11	practices	practice	NOUN
gujaf-376	10	12	,	,	PUNCT
gujaf-376	10	13	risk	risk	NOUN
gujaf-376	10	14	management	management	NOUN
gujaf-376	10	15	strategies	strategy	NOUN
gujaf-376	10	16	,	,	PUNCT
gujaf-376	10	17	access	access	NOUN
gujaf-376	10	18	to	to	ADP
gujaf-376	10	19	capital	capital	NOUN
gujaf-376	10	20	,	,	PUNCT
gujaf-376	10	21	strategic	strategic	ADJ
gujaf-376	10	22	decision	decision	NOUN
gujaf-376	10	23	-	-	PUNCT
gujaf-376	10	24	making	making	NOUN
gujaf-376	10	25	,	,	PUNCT
gujaf-376	10	26	market	market	NOUN
gujaf-376	10	27	perception	perception	NOUN
gujaf-376	10	28	,	,	PUNCT
gujaf-376	10	29	and	and	CCONJ
gujaf-376	10	30	regulatory	regulatory	ADJ
gujaf-376	10	31	compliance	compliance	NOUN
gujaf-376	10	32	.	.	PUNCT
gujaf-376	11	1	a	a	DET
gujaf-376	11	2	well	well	ADV
gujaf-376	11	3	-	-	PUNCT
gujaf-376	11	4	designed	design	VERB
gujaf-376	11	5	ownership	ownership	NOUN
gujaf-376	11	6	structure	structure	NOUN
gujaf-376	11	7	that	that	PRON
gujaf-376	11	8	promotes	promote	VERB
gujaf-376	11	9	alignment	alignment	NOUN
gujaf-376	11	10	of	of	ADP
gujaf-376	11	11	interests	interest	NOUN
gujaf-376	11	12	,	,	PUNCT
gujaf-376	11	13	effective	effective	ADJ
gujaf-376	11	14	governance	governance	NOUN
gujaf-376	11	15	,	,	PUNCT
gujaf-376	11	16	and	and	CCONJ
gujaf-376	11	17	sustainable	sustainable	ADJ
gujaf-376	11	18	gusau	gusau	ADJ
gujaf-376	11	19	journal	journal	NOUN
gujaf-376	11	20	of	of	ADP
gujaf-376	11	21	accounting	accounting	NOUN
gujaf-376	11	22	and	and	CCONJ
gujaf-376	11	23	finance	finance	NOUN
gujaf-376	11	24	,	,	PUNCT
gujaf-376	11	25	vol.6	vol.6	PROPN
gujaf-376	11	26	,	,	PUNCT
gujaf-376	11	27	issue	issue	NOUN
gujaf-376	11	28	1	1	NUM
gujaf-376	11	29	,	,	PUNCT
gujaf-376	11	30	april	april	PROPN
gujaf-376	11	31	,	,	PUNCT
gujaf-376	11	32	2025	2025	NUM
gujaf-376	11	33	153	153	NUM
gujaf-376	11	34	growth	growth	NOUN
gujaf-376	11	35	conceivably	conceivably	ADV
gujaf-376	11	36	contributes	contribute	VERB
gujaf-376	11	37	to	to	ADP
gujaf-376	11	38	long	long	ADJ
gujaf-376	11	39	-	-	PUNCT
gujaf-376	11	40	term	term	NOUN
gujaf-376	11	41	value	value	NOUN
gujaf-376	11	42	creation	creation	NOUN
gujaf-376	11	43	for	for	ADP
gujaf-376	11	44	shareholders	shareholder	NOUN
gujaf-376	11	45	and	and	CCONJ
gujaf-376	11	46	stakeholders	stakeholder	NOUN
gujaf-376	11	47	(	(	PUNCT
gujaf-376	11	48	santi	santi	PROPN
gujaf-376	11	49	&	&	CCONJ
gujaf-376	11	50	novita	novita	PROPN
gujaf-376	11	51	,	,	PUNCT
gujaf-376	11	52	2020	2020	NUM
gujaf-376	11	53	;	;	PUNCT
gujaf-376	11	54	alkurdi	alkurdi	PROPN
gujaf-376	11	55	,	,	PUNCT
gujaf-376	11	56	et	et	PROPN
gujaf-376	11	57	al	al	PROPN
gujaf-376	11	58	.	.	PROPN
gujaf-376	11	59	,	,	PUNCT
gujaf-376	11	60	2021	2021	NUM
gujaf-376	11	61	)	)	PUNCT
gujaf-376	11	62	.	.	PUNCT
gujaf-376	12	1	despite	despite	SCONJ
gujaf-376	12	2	the	the	DET
gujaf-376	12	3	significant	significant	ADJ
gujaf-376	12	4	roles	role	NOUN
gujaf-376	12	5	played	play	VERB
gujaf-376	12	6	by	by	ADP
gujaf-376	12	7	ownership	ownership	NOUN
gujaf-376	12	8	structure	structure	NOUN
gujaf-376	12	9	in	in	ADP
gujaf-376	12	10	shaping	shape	VERB
gujaf-376	12	11	companies	company	NOUN
gujaf-376	12	12	’	’	PART
gujaf-376	12	13	operations	operation	NOUN
gujaf-376	12	14	and	and	CCONJ
gujaf-376	12	15	decision	decision	NOUN
gujaf-376	12	16	making	making	NOUN
gujaf-376	12	17	,	,	PUNCT
gujaf-376	12	18	its	its	PRON
gujaf-376	12	19	impact	impact	NOUN
gujaf-376	12	20	varies	vary	VERB
gujaf-376	12	21	widely	widely	ADV
gujaf-376	12	22	based	base	VERB
gujaf-376	12	23	on	on	ADP
gujaf-376	12	24	the	the	DET
gujaf-376	12	25	specific	specific	ADJ
gujaf-376	12	26	context	context	NOUN
gujaf-376	12	27	,	,	PUNCT
gujaf-376	12	28	industry	industry	NOUN
gujaf-376	12	29	,	,	PUNCT
gujaf-376	12	30	and	and	CCONJ
gujaf-376	12	31	the	the	DET
gujaf-376	12	32	broader	broad	ADJ
gujaf-376	12	33	economic	economic	ADJ
gujaf-376	12	34	environment	environment	NOUN
gujaf-376	12	35	in	in	ADP
gujaf-376	12	36	which	which	PRON
gujaf-376	12	37	the	the	DET
gujaf-376	12	38	firm	firm	NOUN
gujaf-376	12	39	operates	operate	VERB
gujaf-376	12	40	(	(	PUNCT
gujaf-376	12	41	santi	santi	PROPN
gujaf-376	12	42	&	&	CCONJ
gujaf-376	12	43	novita	novita	PROPN
gujaf-376	12	44	,	,	PUNCT
gujaf-376	12	45	2020	2020	NUM
gujaf-376	12	46	)	)	PUNCT
gujaf-376	12	47	.	.	PUNCT
gujaf-376	13	1	also	also	ADV
gujaf-376	13	2	,	,	PUNCT
gujaf-376	13	3	alignment	alignment	NOUN
gujaf-376	13	4	of	of	ADP
gujaf-376	13	5	ownership	ownership	NOUN
gujaf-376	13	6	attributes	attribute	NOUN
gujaf-376	13	7	(	(	PUNCT
gujaf-376	13	8	managerial	managerial	ADJ
gujaf-376	13	9	ownership	ownership	NOUN
gujaf-376	13	10	,	,	PUNCT
gujaf-376	13	11	institutional	institutional	ADJ
gujaf-376	13	12	,	,	PUNCT
gujaf-376	13	13	foreign	foreign	ADJ
gujaf-376	13	14	and	and	CCONJ
gujaf-376	13	15	ownership	ownership	NOUN
gujaf-376	13	16	concentration	concentration	NOUN
gujaf-376	13	17	)	)	PUNCT
gujaf-376	13	18	with	with	ADP
gujaf-376	13	19	the	the	DET
gujaf-376	13	20	goals	goal	NOUN
gujaf-376	13	21	and	and	CCONJ
gujaf-376	13	22	objectives	objective	NOUN
gujaf-376	13	23	of	of	ADP
gujaf-376	13	24	the	the	DET
gujaf-376	13	25	firm	firm	NOUN
gujaf-376	13	26	is	be	AUX
gujaf-376	13	27	challenging	challenge	VERB
gujaf-376	13	28	as	as	SCONJ
gujaf-376	13	29	the	the	DET
gujaf-376	13	30	firm	firm	ADJ
gujaf-376	13	31	value	value	NOUN
gujaf-376	13	32	tends	tend	VERB
gujaf-376	13	33	to	to	PART
gujaf-376	13	34	be	be	AUX
gujaf-376	13	35	maximised	maximise	VERB
gujaf-376	13	36	by	by	ADP
gujaf-376	13	37	ensuring	ensure	VERB
gujaf-376	13	38	effective	effective	ADJ
gujaf-376	13	39	oversight	oversight	NOUN
gujaf-376	13	40	and	and	CCONJ
gujaf-376	13	41	management	management	NOUN
gujaf-376	13	42	accountability	accountability	NOUN
gujaf-376	13	43	.	.	PUNCT
gujaf-376	14	1	notably	notably	ADV
gujaf-376	14	2	,	,	PUNCT
gujaf-376	14	3	ownership	ownership	NOUN
gujaf-376	14	4	concentration	concentration	NOUN
gujaf-376	14	5	poses	pose	VERB
gujaf-376	14	6	a	a	DET
gujaf-376	14	7	great	great	ADJ
gujaf-376	14	8	challenge	challenge	NOUN
gujaf-376	14	9	as	as	SCONJ
gujaf-376	14	10	it	it	PRON
gujaf-376	14	11	allows	allow	VERB
gujaf-376	14	12	for	for	ADP
gujaf-376	14	13	reduced	reduced	ADJ
gujaf-376	14	14	transparency	transparency	NOUN
gujaf-376	14	15	,	,	PUNCT
gujaf-376	14	16	managerial	managerial	ADJ
gujaf-376	14	17	entrenchment	entrenchment	NOUN
gujaf-376	14	18	and	and	CCONJ
gujaf-376	14	19	expropriation	expropriation	NOUN
gujaf-376	14	20	of	of	ADP
gujaf-376	14	21	minority	minority	NOUN
gujaf-376	14	22	shareholders	shareholder	NOUN
gujaf-376	14	23	,	,	PUNCT
gujaf-376	14	24	all	all	PRON
gujaf-376	14	25	of	of	ADP
gujaf-376	14	26	which	which	PRON
gujaf-376	14	27	undermine	undermine	VERB
gujaf-376	14	28	firm	firm	ADJ
gujaf-376	14	29	performance	performance	NOUN
gujaf-376	14	30	and	and	CCONJ
gujaf-376	14	31	value	value	NOUN
gujaf-376	14	32	(	(	PUNCT
gujaf-376	14	33	oyedokun	oyedokun	NOUN
gujaf-376	14	34	,	,	PUNCT
gujaf-376	14	35	et	et	PROPN
gujaf-376	14	36	al	al	PROPN
gujaf-376	14	37	.	.	PROPN
gujaf-376	14	38	,	,	PUNCT
gujaf-376	14	39	2020	2020	NUM
gujaf-376	14	40	;	;	PUNCT
gujaf-376	14	41	yaghoobi	yaghoobi	PROPN
gujaf-376	14	42	&	&	CCONJ
gujaf-376	14	43	khansalar	khansalar	PROPN
gujaf-376	14	44	,	,	PUNCT
gujaf-376	14	45	2022	2022	NUM
gujaf-376	14	46	)	)	PUNCT
gujaf-376	14	47	.	.	PUNCT
gujaf-376	15	1	in	in	ADP
gujaf-376	15	2	addition	addition	NOUN
gujaf-376	15	3	,	,	PUNCT
gujaf-376	15	4	the	the	DET
gujaf-376	15	5	presence	presence	NOUN
gujaf-376	15	6	of	of	ADP
gujaf-376	15	7	managerial	managerial	ADJ
gujaf-376	15	8	ownership	ownership	NOUN
gujaf-376	15	9	gives	give	VERB
gujaf-376	15	10	rise	rise	NOUN
gujaf-376	15	11	to	to	ADP
gujaf-376	15	12	agency	agency	NOUN
gujaf-376	15	13	conflicts	conflict	NOUN
gujaf-376	15	14	as	as	SCONJ
gujaf-376	15	15	managers	manager	NOUN
gujaf-376	15	16	prioritise	prioritise	VERB
gujaf-376	15	17	personal	personal	ADJ
gujaf-376	15	18	interests	interest	NOUN
gujaf-376	15	19	over	over	ADP
gujaf-376	15	20	shareholder	shareholder	NOUN
gujaf-376	15	21	wealth	wealth	NOUN
gujaf-376	15	22	maximisation	maximisation	PROPN
gujaf-376	15	23	,	,	PUNCT
gujaf-376	15	24	compromise	compromise	VERB
gujaf-376	15	25	the	the	DET
gujaf-376	15	26	financial	financial	ADJ
gujaf-376	15	27	reporting	reporting	NOUN
gujaf-376	15	28	quality	quality	NOUN
gujaf-376	15	29	to	to	PART
gujaf-376	15	30	cover	cover	VERB
gujaf-376	15	31	for	for	ADP
gujaf-376	15	32	their	their	PRON
gujaf-376	15	33	excesses	excess	NOUN
gujaf-376	15	34	and	and	CCONJ
gujaf-376	15	35	expose	expose	VERB
gujaf-376	15	36	the	the	DET
gujaf-376	15	37	firm	firm	NOUN
gujaf-376	15	38	to	to	ADP
gujaf-376	15	39	more	more	ADV
gujaf-376	15	40	financial	financial	ADJ
gujaf-376	15	41	risks	risk	NOUN
gujaf-376	15	42	that	that	PRON
gujaf-376	15	43	will	will	AUX
gujaf-376	15	44	ultimately	ultimately	ADV
gujaf-376	15	45	undermine	undermine	VERB
gujaf-376	15	46	the	the	DET
gujaf-376	15	47	value	value	NOUN
gujaf-376	15	48	(	(	PUNCT
gujaf-376	15	49	saidi	saidi	PROPN
gujaf-376	15	50	&	&	CCONJ
gujaf-376	15	51	gidado	gidado	PROPN
gujaf-376	15	52	,	,	PUNCT
gujaf-376	15	53	2018	2018	NUM
gujaf-376	15	54	;	;	PUNCT
gujaf-376	15	55	shao	shao	PROPN
gujaf-376	15	56	,	,	PUNCT
gujaf-376	15	57	2019	2019	NUM
gujaf-376	15	58	)	)	PUNCT
gujaf-376	15	59	.	.	PUNCT
gujaf-376	16	1	another	another	DET
gujaf-376	16	2	major	major	ADJ
gujaf-376	16	3	concern	concern	NOUN
gujaf-376	16	4	is	be	AUX
gujaf-376	16	5	the	the	DET
gujaf-376	16	6	institutional	institutional	ADJ
gujaf-376	16	7	ownership	ownership	NOUN
gujaf-376	16	8	,	,	PUNCT
gujaf-376	16	9	whose	whose	DET
gujaf-376	16	10	potential	potential	NOUN
gujaf-376	16	11	for	for	ADP
gujaf-376	16	12	short	short	ADJ
gujaf-376	16	13	-	-	PUNCT
gujaf-376	16	14	termism	termism	NOUN
gujaf-376	16	15	returns	return	NOUN
gujaf-376	16	16	reduces	reduce	VERB
gujaf-376	16	17	the	the	DET
gujaf-376	16	18	firm	firm	NOUN
gujaf-376	16	19	's	's	PART
gujaf-376	16	20	ability	ability	NOUN
gujaf-376	16	21	to	to	PART
gujaf-376	16	22	make	make	VERB
gujaf-376	16	23	long	long	ADJ
gujaf-376	16	24	-	-	PUNCT
gujaf-376	16	25	term	term	NOUN
gujaf-376	16	26	value	value	NOUN
gujaf-376	16	27	-	-	PUNCT
gujaf-376	16	28	enhancing	enhance	VERB
gujaf-376	16	29	investments	investment	NOUN
gujaf-376	16	30	.	.	PUNCT
gujaf-376	17	1	these	these	DET
gujaf-376	17	2	investors	investor	NOUN
gujaf-376	17	3	pressure	pressure	NOUN
gujaf-376	17	4	management	management	NOUN
gujaf-376	17	5	for	for	ADP
gujaf-376	17	6	immediate	immediate	ADJ
gujaf-376	17	7	returns	return	NOUN
gujaf-376	17	8	at	at	ADP
gujaf-376	17	9	the	the	DET
gujaf-376	17	10	expense	expense	NOUN
gujaf-376	17	11	of	of	ADP
gujaf-376	17	12	long	long	ADJ
gujaf-376	17	13	-	-	PUNCT
gujaf-376	17	14	term	term	NOUN
gujaf-376	17	15	strategic	strategic	ADJ
gujaf-376	17	16	goals	goal	NOUN
gujaf-376	17	17	,	,	PUNCT
gujaf-376	17	18	thereby	thereby	ADV
gujaf-376	17	19	leading	lead	VERB
gujaf-376	17	20	to	to	ADP
gujaf-376	17	21	underinvestment	underinvestment	NOUN
gujaf-376	17	22	in	in	ADP
gujaf-376	17	23	research	research	NOUN
gujaf-376	17	24	and	and	CCONJ
gujaf-376	17	25	development	development	NOUN
gujaf-376	17	26	or	or	CCONJ
gujaf-376	17	27	other	other	ADJ
gujaf-376	17	28	long	long	ADJ
gujaf-376	17	29	-	-	PUNCT
gujaf-376	17	30	term	term	NOUN
gujaf-376	17	31	initiatives	initiative	NOUN
gujaf-376	17	32	,	,	PUNCT
gujaf-376	17	33	potentially	potentially	ADV
gujaf-376	17	34	hindering	hinder	VERB
gujaf-376	17	35	the	the	DET
gujaf-376	17	36	firm	firm	NOUN
gujaf-376	17	37	's	's	PART
gujaf-376	17	38	sustainable	sustainable	ADJ
gujaf-376	17	39	growth	growth	NOUN
gujaf-376	17	40	and	and	CCONJ
gujaf-376	17	41	value	value	NOUN
gujaf-376	17	42	maximisation	maximisation	NOUN
gujaf-376	17	43	(	(	PUNCT
gujaf-376	17	44	abubakar	abubakar	PROPN
gujaf-376	17	45	,	,	PUNCT
gujaf-376	17	46	et	et	PROPN
gujaf-376	17	47	al	al	PROPN
gujaf-376	17	48	.	.	PROPN
gujaf-376	17	49	,	,	PUNCT
gujaf-376	17	50	2019	2019	NUM
gujaf-376	17	51	)	)	PUNCT
gujaf-376	17	52	.	.	PUNCT
gujaf-376	18	1	also	also	ADV
gujaf-376	18	2	,	,	PUNCT
gujaf-376	18	3	repatriation	repatriation	NOUN
gujaf-376	18	4	of	of	ADP
gujaf-376	18	5	profit	profit	NOUN
gujaf-376	18	6	is	be	AUX
gujaf-376	18	7	currently	currently	ADV
gujaf-376	18	8	experienced	experience	VERB
gujaf-376	18	9	in	in	ADP
gujaf-376	18	10	nigeria	nigeria	PROPN
gujaf-376	18	11	,	,	PUNCT
gujaf-376	18	12	and	and	CCONJ
gujaf-376	18	13	firms	firm	NOUN
gujaf-376	18	14	with	with	ADP
gujaf-376	18	15	foreign	foreign	ADJ
gujaf-376	18	16	ownership	ownership	NOUN
gujaf-376	18	17	lean	lean	ADJ
gujaf-376	18	18	to	to	PART
gujaf-376	18	19	move	move	VERB
gujaf-376	18	20	their	their	PRON
gujaf-376	18	21	profit	profit	NOUN
gujaf-376	18	22	back	back	ADV
gujaf-376	18	23	to	to	ADP
gujaf-376	18	24	their	their	PRON
gujaf-376	18	25	country	country	NOUN
gujaf-376	18	26	which	which	PRON
gujaf-376	18	27	poses	pose	VERB
gujaf-376	18	28	a	a	DET
gujaf-376	18	29	serious	serious	ADJ
gujaf-376	18	30	negative	negative	ADJ
gujaf-376	18	31	effect	effect	NOUN
gujaf-376	18	32	on	on	ADP
gujaf-376	18	33	firm	firm	ADJ
gujaf-376	18	34	value	value	NOUN
gujaf-376	18	35	.	.	PUNCT
gujaf-376	19	1	empirically	empirically	ADV
gujaf-376	19	2	,	,	PUNCT
gujaf-376	19	3	the	the	DET
gujaf-376	19	4	studies	study	NOUN
gujaf-376	19	5	conducted	conduct	VERB
gujaf-376	19	6	on	on	ADP
gujaf-376	19	7	ownership	ownership	NOUN
gujaf-376	19	8	attributes	attribute	NOUN
gujaf-376	19	9	in	in	ADP
gujaf-376	19	10	nigeria	nigeria	PROPN
gujaf-376	19	11	focused	focus	VERB
gujaf-376	19	12	on	on	ADP
gujaf-376	19	13	firm	firm	ADJ
gujaf-376	19	14	performance	performance	NOUN
gujaf-376	19	15	and	and	CCONJ
gujaf-376	19	16	those	those	PRON
gujaf-376	19	17	on	on	ADP
gujaf-376	19	18	firm	firm	ADJ
gujaf-376	19	19	value	value	NOUN
gujaf-376	19	20	examined	examine	VERB
gujaf-376	19	21	specific	specific	ADJ
gujaf-376	19	22	sectors	sector	NOUN
gujaf-376	19	23	without	without	ADP
gujaf-376	19	24	looking	look	VERB
gujaf-376	19	25	at	at	ADP
gujaf-376	19	26	the	the	DET
gujaf-376	19	27	listed	list	VERB
gujaf-376	19	28	non	non	ADJ
gujaf-376	19	29	-	-	ADJ
gujaf-376	19	30	financial	financial	ADJ
gujaf-376	19	31	firms	firm	NOUN
gujaf-376	19	32	as	as	ADP
gujaf-376	19	33	a	a	DET
gujaf-376	19	34	whole	whole	NOUN
gujaf-376	19	35	.	.	PUNCT
gujaf-376	20	1	hence	hence	ADV
gujaf-376	20	2	,	,	PUNCT
gujaf-376	20	3	it	it	PRON
gujaf-376	20	4	becomes	become	VERB
gujaf-376	20	5	necessary	necessary	ADJ
gujaf-376	20	6	to	to	PART
gujaf-376	20	7	explore	explore	VERB
gujaf-376	20	8	the	the	DET
gujaf-376	20	9	bearing	bearing	NOUN
gujaf-376	20	10	influence	influence	NOUN
gujaf-376	20	11	of	of	ADP
gujaf-376	20	12	ownership	ownership	NOUN
gujaf-376	20	13	attributes	attribute	VERB
gujaf-376	20	14	on	on	ADP
gujaf-376	20	15	the	the	DET
gujaf-376	20	16	value	value	NOUN
gujaf-376	20	17	of	of	ADP
gujaf-376	20	18	listed	list	VERB
gujaf-376	20	19	non	non	ADJ
gujaf-376	20	20	-	-	ADJ
gujaf-376	20	21	financial	financial	ADJ
gujaf-376	20	22	firms	firm	NOUN
gujaf-376	20	23	in	in	ADP
gujaf-376	20	24	nigeria	nigeria	PROPN
gujaf-376	20	25	.	.	PUNCT
gujaf-376	21	1	to	to	PART
gujaf-376	21	2	achieve	achieve	VERB
gujaf-376	21	3	this	this	PRON
gujaf-376	21	4	,	,	PUNCT
gujaf-376	21	5	the	the	DET
gujaf-376	21	6	following	follow	VERB
gujaf-376	21	7	hypotheses	hypothesis	NOUN
gujaf-376	21	8	are	be	AUX
gujaf-376	21	9	formulated	formulate	VERB
gujaf-376	21	10	:	:	PUNCT
gujaf-376	21	11	h01	h01	NOUN
gujaf-376	21	12	:	:	PUNCT
gujaf-376	21	13	ownership	ownership	NOUN
gujaf-376	21	14	attributes	attribute	NOUN
gujaf-376	21	15	do	do	AUX
gujaf-376	21	16	not	not	PART
gujaf-376	21	17	significantly	significantly	ADV
gujaf-376	21	18	affect	affect	VERB
gujaf-376	21	19	the	the	DET
gujaf-376	21	20	value	value	NOUN
gujaf-376	21	21	of	of	ADP
gujaf-376	21	22	the	the	DET
gujaf-376	21	23	listed	list	VERB
gujaf-376	21	24	non	non	ADJ
gujaf-376	21	25	-	-	ADJ
gujaf-376	21	26	financial	financial	ADJ
gujaf-376	21	27	firms	firm	NOUN
gujaf-376	21	28	in	in	ADP
gujaf-376	21	29	nigeria	nigeria	PROPN
gujaf-376	21	30	h01a	h01a	NOUN
gujaf-376	21	31	institutional	institutional	ADJ
gujaf-376	21	32	ownership	ownership	NOUN
gujaf-376	21	33	does	do	AUX
gujaf-376	21	34	not	not	PART
gujaf-376	21	35	significantly	significantly	ADV
gujaf-376	21	36	affect	affect	VERB
gujaf-376	21	37	the	the	DET
gujaf-376	21	38	value	value	NOUN
gujaf-376	21	39	of	of	ADP
gujaf-376	21	40	the	the	DET
gujaf-376	21	41	listed	list	VERB
gujaf-376	21	42	nonfinancial	nonfinancial	ADJ
gujaf-376	21	43	firms	firm	NOUN
gujaf-376	21	44	in	in	ADP
gujaf-376	21	45	nigeria	nigeria	PROPN
gujaf-376	21	46	h01b	h01b	PROPN
gujaf-376	21	47	managerial	managerial	ADJ
gujaf-376	21	48	ownership	ownership	NOUN
gujaf-376	21	49	does	do	AUX
gujaf-376	21	50	not	not	PART
gujaf-376	21	51	significantly	significantly	ADV
gujaf-376	21	52	affect	affect	VERB
gujaf-376	21	53	the	the	DET
gujaf-376	21	54	value	value	NOUN
gujaf-376	21	55	of	of	ADP
gujaf-376	21	56	the	the	DET
gujaf-376	21	57	listed	list	VERB
gujaf-376	21	58	nonfinancial	nonfinancial	ADJ
gujaf-376	21	59	firms	firm	NOUN
gujaf-376	21	60	in	in	ADP
gujaf-376	21	61	nigeria	nigeria	PROPN
gujaf-376	21	62	h01c	h01c	NOUN
gujaf-376	21	63	ownership	ownership	NOUN
gujaf-376	21	64	concentration	concentration	NOUN
gujaf-376	21	65	does	do	AUX
gujaf-376	21	66	not	not	PART
gujaf-376	21	67	significantly	significantly	ADV
gujaf-376	21	68	affect	affect	VERB
gujaf-376	21	69	the	the	DET
gujaf-376	21	70	value	value	NOUN
gujaf-376	21	71	of	of	ADP
gujaf-376	21	72	the	the	DET
gujaf-376	21	73	listed	list	VERB
gujaf-376	21	74	nonfinancial	nonfinancial	ADJ
gujaf-376	21	75	firms	firm	NOUN
gujaf-376	21	76	in	in	ADP
gujaf-376	21	77	nigeria	nigeria	PROPN
gujaf-376	21	78	h01d	h01d	NOUN
gujaf-376	21	79	foreign	foreign	ADJ
gujaf-376	21	80	ownership	ownership	NOUN
gujaf-376	21	81	does	do	AUX
gujaf-376	21	82	not	not	PART
gujaf-376	21	83	significantly	significantly	ADV
gujaf-376	21	84	affect	affect	VERB
gujaf-376	21	85	the	the	DET
gujaf-376	21	86	value	value	NOUN
gujaf-376	21	87	of	of	ADP
gujaf-376	21	88	the	the	DET
gujaf-376	21	89	listed	list	VERB
gujaf-376	21	90	nonfinancial	nonfinancial	ADJ
gujaf-376	21	91	firms	firm	NOUN
gujaf-376	21	92	in	in	ADP
gujaf-376	21	93	nigeria	nigeria	PROPN
gujaf-376	21	94	.	.	PUNCT
gujaf-376	22	1	2.0	2.0	NUM
gujaf-376	22	2	literature	literature	PROPN
gujaf-376	22	3	review	review	NOUN
gujaf-376	22	4	according	accord	VERB
gujaf-376	22	5	to	to	ADP
gujaf-376	22	6	thompson	thompson	PROPN
gujaf-376	22	7	&	&	CCONJ
gujaf-376	22	8	weisbach	weisbach	NOUN
gujaf-376	22	9	,	,	PUNCT
gujaf-376	22	10	(	(	PUNCT
gujaf-376	22	11	2012	2012	NUM
gujaf-376	22	12	)	)	PUNCT
gujaf-376	22	13	,	,	PUNCT
gujaf-376	22	14	ownership	ownership	NOUN
gujaf-376	22	15	attributes	attribute	NOUN
gujaf-376	22	16	refer	refer	VERB
gujaf-376	22	17	to	to	ADP
gujaf-376	22	18	the	the	DET
gujaf-376	22	19	characteristics	characteristic	NOUN
gujaf-376	22	20	or	or	CCONJ
gujaf-376	22	21	qualities	quality	NOUN
gujaf-376	22	22	associated	associate	VERB
gujaf-376	22	23	with	with	ADP
gujaf-376	22	24	ownership	ownership	NOUN
gujaf-376	22	25	,	,	PUNCT
gujaf-376	22	26	which	which	PRON
gujaf-376	22	27	can	can	AUX
gujaf-376	22	28	vary	vary	VERB
gujaf-376	22	29	depending	depend	VERB
gujaf-376	22	30	on	on	ADP
gujaf-376	22	31	the	the	DET
gujaf-376	22	32	context	context	NOUN
gujaf-376	22	33	in	in	ADP
gujaf-376	22	34	which	which	PRON
gujaf-376	22	35	the	the	DET
gujaf-376	22	36	term	term	NOUN
gujaf-376	22	37	is	be	AUX
gujaf-376	22	38	used	use	VERB
gujaf-376	22	39	.	.	PUNCT
gujaf-376	23	1	in	in	ADP
gujaf-376	23	2	the	the	DET
gujaf-376	23	3	context	context	NOUN
gujaf-376	23	4	of	of	ADP
gujaf-376	23	5	tax	tax	NOUN
gujaf-376	23	6	law	law	NOUN
gujaf-376	23	7	,	,	PUNCT
gujaf-376	23	8	ownership	ownership	NOUN
gujaf-376	23	9	attributes	attribute	NOUN
gujaf-376	23	10	are	be	AUX
gujaf-376	23	11	the	the	DET
gujaf-376	23	12	tax	tax	NOUN
gujaf-376	23	13	characteristics	characteristic	NOUN
gujaf-376	23	14	associated	associate	VERB
gujaf-376	23	15	with	with	ADP
gujaf-376	23	16	a	a	DET
gujaf-376	23	17	security	security	NOUN
gujaf-376	23	18	that	that	PRON
gujaf-376	23	19	determine	determine	VERB
gujaf-376	23	20	how	how	SCONJ
gujaf-376	23	21	income	income	NOUN
gujaf-376	23	22	and	and	CCONJ
gujaf-376	23	23	deductions	deduction	NOUN
gujaf-376	23	24	are	be	AUX
gujaf-376	23	25	taxed	tax	VERB
gujaf-376	23	26	and	and	CCONJ
gujaf-376	23	27	these	these	DET
gujaf-376	23	28	attributes	attribute	NOUN
gujaf-376	23	29	include	include	VERB
gujaf-376	23	30	holding	hold	VERB
gujaf-376	23	31	periods	period	NOUN
gujaf-376	23	32	,	,	PUNCT
gujaf-376	23	33	eligibility	eligibility	NOUN
gujaf-376	23	34	for	for	ADP
gujaf-376	23	35	special	special	ADJ
gujaf-376	23	36	tax	tax	NOUN
gujaf-376	23	37	benefits	benefit	NOUN
gujaf-376	23	38	such	such	ADJ
gujaf-376	23	39	as	as	ADP
gujaf-376	23	40	the	the	DET
gujaf-376	23	41	dividends	dividend	NOUN
gujaf-376	23	42	received	receive	VERB
gujaf-376	23	43	deduction	deduction	NOUN
gujaf-376	23	44	,	,	PUNCT
gujaf-376	23	45	and	and	CCONJ
gujaf-376	23	46	gusau	gusau	ADJ
gujaf-376	23	47	journal	journal	NOUN
gujaf-376	23	48	of	of	ADP
gujaf-376	23	49	accounting	accounting	NOUN
gujaf-376	23	50	and	and	CCONJ
gujaf-376	23	51	finance	finance	NOUN
gujaf-376	23	52	,	,	PUNCT
gujaf-376	23	53	vol.6	vol.6	PROPN
gujaf-376	23	54	,	,	PUNCT
gujaf-376	23	55	issue	issue	NOUN
gujaf-376	23	56	1	1	NUM
gujaf-376	23	57	,	,	PUNCT
gujaf-376	23	58	april	april	PROPN
gujaf-376	23	59	,	,	PUNCT
gujaf-376	23	60	2025	2025	NUM
gujaf-376	23	61	154	154	NUM
gujaf-376	23	62	counting	counting	NOUN
gujaf-376	23	63	toward	toward	ADP
gujaf-376	23	64	control	control	NOUN
gujaf-376	23	65	or	or	CCONJ
gujaf-376	23	66	as	as	ADP
gujaf-376	23	67	qualifying	qualify	VERB
gujaf-376	23	68	consideration	consideration	NOUN
gujaf-376	23	69	for	for	ADP
gujaf-376	23	70	various	various	ADJ
gujaf-376	23	71	purposes	purpose	NOUN
gujaf-376	23	72	(	(	PUNCT
gujaf-376	23	73	droblyen	droblyen	NOUN
gujaf-376	23	74	,	,	PUNCT
gujaf-376	23	75	2023	2023	NUM
gujaf-376	23	76	)	)	PUNCT
gujaf-376	23	77	.	.	PUNCT
gujaf-376	24	1	in	in	ADP
gujaf-376	24	2	the	the	DET
gujaf-376	24	3	context	context	NOUN
gujaf-376	24	4	of	of	ADP
gujaf-376	24	5	workplace	workplace	NOUN
gujaf-376	24	6	ownership	ownership	NOUN
gujaf-376	24	7	,	,	PUNCT
gujaf-376	24	8	ownership	ownership	NOUN
gujaf-376	24	9	attributes	attribute	NOUN
gujaf-376	24	10	can	can	AUX
gujaf-376	24	11	refer	refer	VERB
gujaf-376	24	12	to	to	ADP
gujaf-376	24	13	the	the	DET
gujaf-376	24	14	sense	sense	NOUN
gujaf-376	24	15	of	of	ADP
gujaf-376	24	16	responsibility	responsibility	NOUN
gujaf-376	24	17	and	and	CCONJ
gujaf-376	24	18	accountability	accountability	NOUN
gujaf-376	24	19	that	that	SCONJ
gujaf-376	24	20	employees	employee	NOUN
gujaf-376	24	21	feel	feel	VERB
gujaf-376	24	22	towards	towards	ADP
gujaf-376	24	23	their	their	PRON
gujaf-376	24	24	work	work	NOUN
gujaf-376	24	25	and	and	CCONJ
gujaf-376	24	26	the	the	DET
gujaf-376	24	27	organization	organization	NOUN
gujaf-376	24	28	as	as	ADP
gujaf-376	24	29	a	a	DET
gujaf-376	24	30	whole	whole	NOUN
gujaf-376	24	31	.	.	PUNCT
gujaf-376	25	1	this	this	PRON
gujaf-376	25	2	can	can	AUX
gujaf-376	25	3	include	include	VERB
gujaf-376	25	4	the	the	DET
gujaf-376	25	5	ability	ability	NOUN
gujaf-376	25	6	to	to	PART
gujaf-376	25	7	take	take	VERB
gujaf-376	25	8	initiative	initiative	NOUN
gujaf-376	25	9	,	,	PUNCT
gujaf-376	25	10	make	make	VERB
gujaf-376	25	11	decisions	decision	NOUN
gujaf-376	25	12	,	,	PUNCT
gujaf-376	25	13	and	and	CCONJ
gujaf-376	25	14	be	be	AUX
gujaf-376	25	15	accountable	accountable	ADJ
gujaf-376	25	16	for	for	ADP
gujaf-376	25	17	the	the	DET
gujaf-376	25	18	outcomes	outcome	NOUN
gujaf-376	25	19	of	of	ADP
gujaf-376	25	20	those	those	DET
gujaf-376	25	21	decisions	decision	NOUN
gujaf-376	25	22	(	(	PUNCT
gujaf-376	25	23	wilms	wilm	NOUN
gujaf-376	25	24	,	,	PUNCT
gujaf-376	25	25	2024	2024	NUM
gujaf-376	25	26	)	)	PUNCT
gujaf-376	25	27	.	.	PUNCT
gujaf-376	26	1	institutional	institutional	ADJ
gujaf-376	26	2	ownership	ownership	NOUN
gujaf-376	26	3	institutional	institutional	ADJ
gujaf-376	26	4	ownership	ownership	NOUN
gujaf-376	26	5	,	,	PUNCT
gujaf-376	26	6	according	accord	VERB
gujaf-376	26	7	to	to	ADP
gujaf-376	26	8	kenton	kenton	PROPN
gujaf-376	26	9	(	(	PUNCT
gujaf-376	26	10	2021	2021	NUM
gujaf-376	26	11	)	)	PUNCT
gujaf-376	26	12	,	,	PUNCT
gujaf-376	26	13	is	be	AUX
gujaf-376	26	14	the	the	DET
gujaf-376	26	15	portion	portion	NOUN
gujaf-376	26	16	of	of	ADP
gujaf-376	26	17	a	a	DET
gujaf-376	26	18	company	company	NOUN
gujaf-376	26	19	's	's	PART
gujaf-376	26	20	available	available	ADJ
gujaf-376	26	21	stock	stock	NOUN
gujaf-376	26	22	held	hold	VERB
gujaf-376	26	23	by	by	ADP
gujaf-376	26	24	endowments	endowment	NOUN
gujaf-376	26	25	,	,	PUNCT
gujaf-376	26	26	mutual	mutual	ADJ
gujaf-376	26	27	or	or	CCONJ
gujaf-376	26	28	pension	pension	NOUN
gujaf-376	26	29	funds	fund	NOUN
gujaf-376	26	30	,	,	PUNCT
gujaf-376	26	31	insurance	insurance	NOUN
gujaf-376	26	32	companies	company	NOUN
gujaf-376	26	33	,	,	PUNCT
gujaf-376	26	34	investment	investment	NOUN
gujaf-376	26	35	firms	firm	NOUN
gujaf-376	26	36	,	,	PUNCT
gujaf-376	26	37	private	private	ADJ
gujaf-376	26	38	foundations	foundation	NOUN
gujaf-376	26	39	,	,	PUNCT
gujaf-376	26	40	or	or	CCONJ
gujaf-376	26	41	other	other	ADJ
gujaf-376	26	42	sizable	sizable	ADJ
gujaf-376	26	43	organisations	organisation	NOUN
gujaf-376	26	44	that	that	PRON
gujaf-376	26	45	look	look	VERB
gujaf-376	26	46	after	after	ADP
gujaf-376	26	47	other	other	ADJ
gujaf-376	26	48	people	people	NOUN
gujaf-376	26	49	's	's	PART
gujaf-376	26	50	money	money	NOUN
gujaf-376	26	51	.	.	PUNCT
gujaf-376	27	1	institutional	institutional	ADJ
gujaf-376	27	2	ownership	ownership	NOUN
gujaf-376	27	3	is	be	AUX
gujaf-376	27	4	important	important	ADJ
gujaf-376	27	5	for	for	ADP
gujaf-376	27	6	a	a	DET
gujaf-376	27	7	company	company	NOUN
gujaf-376	27	8	because	because	SCONJ
gujaf-376	27	9	it	it	PRON
gujaf-376	27	10	is	be	AUX
gujaf-376	27	11	essential	essential	ADJ
gujaf-376	27	12	for	for	ADP
gujaf-376	27	13	overseeing	oversee	VERB
gujaf-376	27	14	management	management	NOUN
gujaf-376	27	15	.	.	PUNCT
gujaf-376	28	1	institutional	institutional	ADJ
gujaf-376	28	2	ownership	ownership	NOUN
gujaf-376	28	3	will	will	AUX
gujaf-376	28	4	encourage	encourage	VERB
gujaf-376	28	5	and	and	CCONJ
gujaf-376	28	6	lead	lead	VERB
gujaf-376	28	7	to	to	ADP
gujaf-376	28	8	the	the	DET
gujaf-376	28	9	company	company	NOUN
gujaf-376	28	10	's	's	PART
gujaf-376	28	11	ideal	ideal	ADJ
gujaf-376	28	12	growth	growth	NOUN
gujaf-376	28	13	.	.	PUNCT
gujaf-376	29	1	investor	investor	NOUN
gujaf-376	29	2	institutional	institutional	ADJ
gujaf-376	29	3	oversight	oversight	NOUN
gujaf-376	29	4	will	will	AUX
gujaf-376	29	5	ensure	ensure	VERB
gujaf-376	29	6	shareholder	shareholder	NOUN
gujaf-376	29	7	wealth	wealth	NOUN
gujaf-376	29	8	(	(	PUNCT
gujaf-376	29	9	arifin	arifin	PROPN
gujaf-376	29	10	,	,	PUNCT
gujaf-376	29	11	2022	2022	NUM
gujaf-376	29	12	)	)	PUNCT
gujaf-376	29	13	.	.	PUNCT
gujaf-376	30	1	the	the	DET
gujaf-376	30	2	term	term	NOUN
gujaf-376	30	3	"	"	PUNCT
gujaf-376	30	4	institutional	institutional	ADJ
gujaf-376	30	5	ownership	ownership	NOUN
gujaf-376	30	6	"	"	PUNCT
gujaf-376	30	7	describes	describe	VERB
gujaf-376	30	8	the	the	DET
gujaf-376	30	9	ownership	ownership	NOUN
gujaf-376	30	10	of	of	ADP
gujaf-376	30	11	stock	stock	NOUN
gujaf-376	30	12	in	in	ADP
gujaf-376	30	13	a	a	DET
gujaf-376	30	14	business	business	NOUN
gujaf-376	30	15	by	by	ADP
gujaf-376	30	16	endowments	endowment	NOUN
gujaf-376	30	17	,	,	PUNCT
gujaf-376	30	18	pension	pension	NOUN
gujaf-376	30	19	funds	fund	NOUN
gujaf-376	30	20	,	,	PUNCT
gujaf-376	30	21	or	or	CCONJ
gujaf-376	30	22	major	major	ADJ
gujaf-376	30	23	financial	financial	ADJ
gujaf-376	30	24	institutions	institution	NOUN
gujaf-376	30	25	.	.	PUNCT
gujaf-376	31	1	they	they	PRON
gujaf-376	31	2	are	be	AUX
gujaf-376	31	3	expected	expect	VERB
gujaf-376	31	4	to	to	PART
gujaf-376	31	5	be	be	AUX
gujaf-376	31	6	able	able	ADJ
gujaf-376	31	7	to	to	PART
gujaf-376	31	8	oversee	oversee	VERB
gujaf-376	31	9	managers	manager	NOUN
gujaf-376	31	10	because	because	SCONJ
gujaf-376	31	11	they	they	PRON
gujaf-376	31	12	hold	hold	VERB
gujaf-376	31	13	significant	significant	ADJ
gujaf-376	31	14	shareholdings	shareholding	NOUN
gujaf-376	31	15	,	,	PUNCT
gujaf-376	31	16	which	which	PRON
gujaf-376	31	17	has	have	VERB
gujaf-376	31	18	an	an	DET
gujaf-376	31	19	undeniable	undeniable	ADJ
gujaf-376	31	20	impact	impact	NOUN
gujaf-376	31	21	on	on	ADP
gujaf-376	31	22	companies	company	NOUN
gujaf-376	31	23	(	(	PUNCT
gujaf-376	31	24	moradi	moradi	NOUN
gujaf-376	31	25	,	,	PUNCT
gujaf-376	31	26	et	et	PROPN
gujaf-376	31	27	al	al	PROPN
gujaf-376	31	28	.	.	PROPN
gujaf-376	31	29	,	,	PUNCT
gujaf-376	31	30	2022	2022	NUM
gujaf-376	31	31	)	)	PUNCT
gujaf-376	31	32	.	.	PUNCT
gujaf-376	32	1	managerial	managerial	ADJ
gujaf-376	32	2	ownership	ownership	NOUN
gujaf-376	32	3	managerial	managerial	ADJ
gujaf-376	32	4	ownership	ownership	NOUN
gujaf-376	32	5	refers	refer	VERB
gujaf-376	32	6	to	to	ADP
gujaf-376	32	7	the	the	DET
gujaf-376	32	8	portion	portion	NOUN
gujaf-376	32	9	of	of	ADP
gujaf-376	32	10	shares	share	NOUN
gujaf-376	32	11	held	hold	VERB
gujaf-376	32	12	by	by	ADP
gujaf-376	32	13	management	management	NOUN
gujaf-376	32	14	,	,	PUNCT
gujaf-376	32	15	which	which	PRON
gujaf-376	32	16	includes	include	VERB
gujaf-376	32	17	directors	director	NOUN
gujaf-376	32	18	and	and	CCONJ
gujaf-376	32	19	commissioners	commissioner	NOUN
gujaf-376	32	20	who	who	PRON
gujaf-376	32	21	actively	actively	ADV
gujaf-376	32	22	participate	participate	VERB
gujaf-376	32	23	in	in	ADP
gujaf-376	32	24	corporate	corporate	ADJ
gujaf-376	32	25	decisions	decision	NOUN
gujaf-376	32	26	(	(	PUNCT
gujaf-376	32	27	agustia	agustia	PROPN
gujaf-376	32	28	,	,	PUNCT
gujaf-376	32	29	et	et	PROPN
gujaf-376	32	30	al	al	PROPN
gujaf-376	32	31	.	.	PROPN
gujaf-376	32	32	,	,	PUNCT
gujaf-376	32	33	2019	2019	NUM
gujaf-376	32	34	)	)	PUNCT
gujaf-376	32	35	.	.	PUNCT
gujaf-376	33	1	managerial	managerial	ADJ
gujaf-376	33	2	ownership	ownership	NOUN
gujaf-376	33	3	,	,	PUNCT
gujaf-376	33	4	according	accord	VERB
gujaf-376	33	5	to	to	ADP
gujaf-376	33	6	khan	khan	PROPN
gujaf-376	33	7	et	et	PROPN
gujaf-376	33	8	al	al	PROPN
gujaf-376	33	9	.	.	PROPN
gujaf-376	34	1	(	(	PUNCT
gujaf-376	34	2	2013	2013	NUM
gujaf-376	34	3	)	)	PUNCT
gujaf-376	34	4	,	,	PUNCT
gujaf-376	34	5	gives	give	VERB
gujaf-376	34	6	managers	manager	NOUN
gujaf-376	34	7	control	control	NOUN
gujaf-376	34	8	over	over	ADP
gujaf-376	34	9	the	the	DET
gujaf-376	34	10	business	business	NOUN
gujaf-376	34	11	and	and	CCONJ
gujaf-376	34	12	the	the	DET
gujaf-376	34	13	ability	ability	NOUN
gujaf-376	34	14	to	to	PART
gujaf-376	34	15	determine	determine	VERB
gujaf-376	34	16	its	its	PRON
gujaf-376	34	17	strategies	strategy	NOUN
gujaf-376	34	18	and	and	CCONJ
gujaf-376	34	19	policies	policy	NOUN
gujaf-376	34	20	because	because	SCONJ
gujaf-376	34	21	the	the	DET
gujaf-376	34	22	manager	manager	NOUN
gujaf-376	34	23	in	in	ADP
gujaf-376	34	24	this	this	DET
gujaf-376	34	25	scenario	scenario	NOUN
gujaf-376	34	26	also	also	ADV
gujaf-376	34	27	serves	serve	VERB
gujaf-376	34	28	as	as	ADP
gujaf-376	34	29	a	a	DET
gujaf-376	34	30	shareholder	shareholder	NOUN
gujaf-376	34	31	.	.	PUNCT
gujaf-376	35	1	managerial	managerial	ADJ
gujaf-376	35	2	ownership	ownership	NOUN
gujaf-376	35	3	is	be	AUX
gujaf-376	35	4	defined	define	VERB
gujaf-376	35	5	by	by	ADP
gujaf-376	35	6	santoso	santoso	NOUN
gujaf-376	35	7	and	and	CCONJ
gujaf-376	35	8	nurhidayati	nurhidayati	PROPN
gujaf-376	35	9	(	(	PUNCT
gujaf-376	35	10	2022	2022	NUM
gujaf-376	35	11	)	)	PUNCT
gujaf-376	35	12	as	as	ADP
gujaf-376	35	13	the	the	DET
gujaf-376	35	14	extent	extent	NOUN
gujaf-376	35	15	of	of	ADP
gujaf-376	35	16	share	share	NOUN
gujaf-376	35	17	ownership	ownership	NOUN
gujaf-376	35	18	of	of	ADP
gujaf-376	35	19	management	management	NOUN
gujaf-376	35	20	parties	party	NOUN
gujaf-376	35	21	that	that	PRON
gujaf-376	35	22	actively	actively	ADV
gujaf-376	35	23	participate	participate	VERB
gujaf-376	35	24	,	,	PUNCT
gujaf-376	35	25	including	include	VERB
gujaf-376	35	26	directors	director	NOUN
gujaf-376	35	27	,	,	PUNCT
gujaf-376	35	28	management	management	NOUN
gujaf-376	35	29	,	,	PUNCT
gujaf-376	35	30	and	and	CCONJ
gujaf-376	35	31	commissioners	commissioner	NOUN
gujaf-376	35	32	.	.	PUNCT
gujaf-376	36	1	ownership	ownership	NOUN
gujaf-376	36	2	of	of	ADP
gujaf-376	36	3	managerial	managerial	ADJ
gujaf-376	36	4	shares	share	NOUN
gujaf-376	36	5	will	will	AUX
gujaf-376	36	6	influence	influence	VERB
gujaf-376	36	7	how	how	SCONJ
gujaf-376	36	8	well	well	ADV
gujaf-376	36	9	management	management	NOUN
gujaf-376	36	10	performs	perform	VERB
gujaf-376	36	11	in	in	ADP
gujaf-376	36	12	order	order	NOUN
gujaf-376	36	13	to	to	PART
gujaf-376	36	14	maximise	maximise	VERB
gujaf-376	36	15	the	the	DET
gujaf-376	36	16	company	company	NOUN
gujaf-376	36	17	.	.	PUNCT
gujaf-376	37	1	according	accord	VERB
gujaf-376	37	2	to	to	ADP
gujaf-376	37	3	suzan	suzan	PROPN
gujaf-376	37	4	and	and	CCONJ
gujaf-376	37	5	utari	utari	NOUN
gujaf-376	37	6	(	(	PUNCT
gujaf-376	37	7	2022	2022	NUM
gujaf-376	37	8	)	)	PUNCT
gujaf-376	37	9	,	,	PUNCT
gujaf-376	37	10	managerial	managerial	ADJ
gujaf-376	37	11	ownership	ownership	NOUN
gujaf-376	37	12	refers	refer	VERB
gujaf-376	37	13	to	to	ADP
gujaf-376	37	14	the	the	DET
gujaf-376	37	15	portion	portion	NOUN
gujaf-376	37	16	of	of	ADP
gujaf-376	37	17	the	the	DET
gujaf-376	37	18	financial	financial	ADJ
gujaf-376	37	19	statements	statement	NOUN
gujaf-376	37	20	share	share	VERB
gujaf-376	37	21	ownership	ownership	NOUN
gujaf-376	37	22	that	that	PRON
gujaf-376	37	23	directors	director	NOUN
gujaf-376	37	24	,	,	PUNCT
gujaf-376	37	25	managers	manager	NOUN
gujaf-376	37	26	,	,	PUNCT
gujaf-376	37	27	and	and	CCONJ
gujaf-376	37	28	commissioners	commissioner	NOUN
gujaf-376	37	29	own	own	VERB
gujaf-376	37	30	.	.	PUNCT
gujaf-376	38	1	because	because	SCONJ
gujaf-376	38	2	they	they	PRON
gujaf-376	38	3	will	will	AUX
gujaf-376	38	4	be	be	AUX
gujaf-376	38	5	held	hold	VERB
gujaf-376	38	6	accountable	accountable	ADJ
gujaf-376	38	7	for	for	ADP
gujaf-376	38	8	their	their	PRON
gujaf-376	38	9	decisions	decision	NOUN
gujaf-376	38	10	,	,	PUNCT
gujaf-376	38	11	managers	manager	NOUN
gujaf-376	38	12	who	who	PRON
gujaf-376	38	13	possess	possess	VERB
gujaf-376	38	14	this	this	DET
gujaf-376	38	15	shared	share	VERB
gujaf-376	38	16	ownership	ownership	NOUN
gujaf-376	38	17	will	will	AUX
gujaf-376	38	18	exercise	exercise	VERB
gujaf-376	38	19	caution	caution	NOUN
gujaf-376	38	20	.	.	PUNCT
gujaf-376	39	1	they	they	PRON
gujaf-376	39	2	are	be	AUX
gujaf-376	39	3	more	more	ADV
gujaf-376	39	4	driven	drive	VERB
gujaf-376	39	5	to	to	PART
gujaf-376	39	6	increase	increase	VERB
gujaf-376	39	7	output	output	NOUN
gujaf-376	39	8	and	and	CCONJ
gujaf-376	39	9	manage	manage	VERB
gujaf-376	39	10	the	the	DET
gujaf-376	39	11	company	company	NOUN
gujaf-376	39	12	in	in	ADP
gujaf-376	39	13	order	order	NOUN
gujaf-376	39	14	to	to	PART
gujaf-376	39	15	bring	bring	VERB
gujaf-376	39	16	value	value	NOUN
gujaf-376	39	17	to	to	ADP
gujaf-376	39	18	it	it	PRON
gujaf-376	39	19	.	.	PUNCT
gujaf-376	40	1	ownership	ownership	NOUN
gujaf-376	40	2	concentration	concentration	NOUN
gujaf-376	40	3	alhababsah	alhababsah	NOUN
gujaf-376	40	4	(	(	PUNCT
gujaf-376	40	5	2019	2019	NUM
gujaf-376	40	6	)	)	PUNCT
gujaf-376	40	7	described	describe	VERB
gujaf-376	40	8	ownership	ownership	NOUN
gujaf-376	40	9	concertation	concertation	NOUN
gujaf-376	40	10	as	as	ADP
gujaf-376	40	11	the	the	DET
gujaf-376	40	12	percentage	percentage	NOUN
gujaf-376	40	13	of	of	ADP
gujaf-376	40	14	shares	share	NOUN
gujaf-376	40	15	held	hold	VERB
gujaf-376	40	16	by	by	ADP
gujaf-376	40	17	a	a	DET
gujaf-376	40	18	single	single	ADJ
gujaf-376	40	19	person	person	NOUN
gujaf-376	40	20	or	or	CCONJ
gujaf-376	40	21	organisation	organisation	NOUN
gujaf-376	40	22	as	as	SCONJ
gujaf-376	40	23	it	it	PRON
gujaf-376	40	24	can	can	AUX
gujaf-376	40	25	have	have	VERB
gujaf-376	40	26	a	a	DET
gujaf-376	40	27	significant	significant	ADJ
gujaf-376	40	28	effect	effect	NOUN
gujaf-376	40	29	on	on	ADP
gujaf-376	40	30	corporate	corporate	ADJ
gujaf-376	40	31	governance	governance	NOUN
gujaf-376	40	32	frameworks	framework	NOUN
gujaf-376	40	33	and	and	CCONJ
gujaf-376	40	34	decision	decision	NOUN
gujaf-376	40	35	-	-	PUNCT
gujaf-376	40	36	making	make	VERB
gujaf-376	40	37	procedures	procedure	NOUN
gujaf-376	40	38	.	.	PUNCT
gujaf-376	41	1	ownership	ownership	NOUN
gujaf-376	41	2	concentration	concentration	NOUN
gujaf-376	41	3	,	,	PUNCT
gujaf-376	41	4	according	accord	VERB
gujaf-376	41	5	to	to	ADP
gujaf-376	41	6	fera	fera	PROPN
gujaf-376	41	7	,	,	PUNCT
gujaf-376	41	8	et	et	PROPN
gujaf-376	41	9	al	al	PROPN
gujaf-376	41	10	.	.	PROPN
gujaf-376	42	1	(	(	PUNCT
gujaf-376	42	2	2023	2023	NUM
gujaf-376	42	3	)	)	PUNCT
gujaf-376	42	4	,	,	PUNCT
gujaf-376	42	5	is	be	AUX
gujaf-376	42	6	the	the	DET
gujaf-376	42	7	portion	portion	NOUN
gujaf-376	42	8	of	of	ADP
gujaf-376	42	9	a	a	DET
gujaf-376	42	10	company	company	NOUN
gujaf-376	42	11	's	's	PART
gujaf-376	42	12	share	share	NOUN
gujaf-376	42	13	capital	capital	NOUN
gujaf-376	42	14	that	that	PRON
gujaf-376	42	15	is	be	AUX
gujaf-376	42	16	not	not	PART
gujaf-376	42	17	actively	actively	ADV
gujaf-376	42	18	traded	trade	VERB
gujaf-376	42	19	on	on	ADP
gujaf-376	42	20	the	the	DET
gujaf-376	42	21	open	open	ADJ
gujaf-376	42	22	market	market	NOUN
gujaf-376	42	23	.	.	PUNCT
gujaf-376	43	1	as	as	ADP
gujaf-376	43	2	such	such	ADJ
gujaf-376	43	3	,	,	PUNCT
gujaf-376	43	4	it	it	PRON
gujaf-376	43	5	is	be	AUX
gujaf-376	43	6	a	a	DET
gujaf-376	43	7	key	key	ADJ
gujaf-376	43	8	internal	internal	ADJ
gujaf-376	43	9	governance	governance	NOUN
gujaf-376	43	10	mechanism	mechanism	NOUN
gujaf-376	43	11	that	that	PRON
gujaf-376	43	12	allows	allow	VERB
gujaf-376	43	13	block	block	NOUN
gujaf-376	43	14	owners	owner	NOUN
gujaf-376	43	15	to	to	PART
gujaf-376	43	16	influence	influence	VERB
gujaf-376	43	17	and	and	CCONJ
gujaf-376	43	18	control	control	VERB
gujaf-376	43	19	the	the	DET
gujaf-376	43	20	company	company	NOUN
gujaf-376	43	21	's	's	PART
gujaf-376	43	22	management	management	NOUN
gujaf-376	43	23	in	in	ADP
gujaf-376	43	24	order	order	NOUN
gujaf-376	43	25	to	to	PART
gujaf-376	43	26	further	further	VERB
gujaf-376	43	27	their	their	PRON
gujaf-376	43	28	own	own	ADJ
gujaf-376	43	29	interests	interest	NOUN
gujaf-376	43	30	.	.	PUNCT
gujaf-376	44	1	ownership	ownership	NOUN
gujaf-376	44	2	concentration	concentration	NOUN
gujaf-376	44	3	(	(	PUNCT
gujaf-376	44	4	oc	oc	NOUN
gujaf-376	44	5	)	)	PUNCT
gujaf-376	44	6	,	,	PUNCT
gujaf-376	44	7	according	accord	VERB
gujaf-376	44	8	to	to	ADP
gujaf-376	44	9	nashier	nashier	NOUN
gujaf-376	44	10	and	and	CCONJ
gujaf-376	44	11	gupta	gupta	PROPN
gujaf-376	44	12	(	(	PUNCT
gujaf-376	44	13	2020	2020	NUM
gujaf-376	44	14	)	)	PUNCT
gujaf-376	44	15	,	,	PUNCT
gujaf-376	44	16	is	be	AUX
gujaf-376	44	17	regarded	regard	VERB
gujaf-376	44	18	as	as	ADP
gujaf-376	44	19	a	a	DET
gujaf-376	44	20	crucial	crucial	ADJ
gujaf-376	44	21	corporate	corporate	ADJ
gujaf-376	44	22	governance	governance	NOUN
gujaf-376	44	23	mechanism	mechanism	NOUN
gujaf-376	44	24	since	since	SCONJ
gujaf-376	44	25	owners	owner	NOUN
gujaf-376	44	26	with	with	ADP
gujaf-376	44	27	concentrated	concentrated	ADJ
gujaf-376	44	28	shareholding	shareholding	NOUN
gujaf-376	44	29	have	have	VERB
gujaf-376	44	30	an	an	DET
gujaf-376	44	31	impact	impact	NOUN
gujaf-376	44	32	on	on	ADP
gujaf-376	44	33	a	a	DET
gujaf-376	44	34	company	company	NOUN
gujaf-376	44	35	's	's	PART
gujaf-376	44	36	operations	operation	NOUN
gujaf-376	44	37	and	and	CCONJ
gujaf-376	44	38	management	management	NOUN
gujaf-376	44	39	.	.	PUNCT
gujaf-376	45	1	ownership	ownership	NOUN
gujaf-376	45	2	concentration	concentration	NOUN
gujaf-376	45	3	is	be	AUX
gujaf-376	45	4	the	the	DET
gujaf-376	45	5	accumulation	accumulation	NOUN
gujaf-376	45	6	of	of	ADP
gujaf-376	45	7	a	a	DET
gujaf-376	45	8	significant	significant	ADJ
gujaf-376	45	9	number	number	NOUN
gujaf-376	45	10	of	of	ADP
gujaf-376	45	11	shares	share	NOUN
gujaf-376	45	12	in	in	ADP
gujaf-376	45	13	the	the	DET
gujaf-376	45	14	hands	hand	NOUN
gujaf-376	45	15	of	of	ADP
gujaf-376	45	16	a	a	DET
gujaf-376	45	17	small	small	ADJ
gujaf-376	45	18	number	number	NOUN
gujaf-376	45	19	of	of	ADP
gujaf-376	45	20	people	people	NOUN
gujaf-376	45	21	,	,	PUNCT
gujaf-376	45	22	giving	give	VERB
gujaf-376	45	23	these	these	DET
gujaf-376	45	24	people	people	NOUN
gujaf-376	45	25	significant	significant	ADJ
gujaf-376	45	26	influence	influence	NOUN
gujaf-376	45	27	over	over	ADP
gujaf-376	45	28	other	other	ADJ
gujaf-376	45	29	shareholders	shareholder	NOUN
gujaf-376	45	30	in	in	ADP
gujaf-376	45	31	the	the	DET
gujaf-376	45	32	organisation	organisation	NOUN
gujaf-376	45	33	(	(	PUNCT
gujaf-376	45	34	mbate	mbate	NOUN
gujaf-376	45	35	and	and	CCONJ
gujaf-376	45	36	sutrisno	sutrisno	ADJ
gujaf-376	45	37	,	,	PUNCT
gujaf-376	45	38	2023	2023	NUM
gujaf-376	45	39	;	;	PUNCT
gujaf-376	45	40	singh	singh	PROPN
gujaf-376	45	41	&	&	CCONJ
gujaf-376	45	42	rastogi	rastogi	NOUN
gujaf-376	45	43	,	,	PUNCT
gujaf-376	45	44	2023	2023	NUM
gujaf-376	45	45	)	)	PUNCT
gujaf-376	45	46	.	.	PUNCT
gujaf-376	46	1	ownership	ownership	NOUN
gujaf-376	46	2	concentration	concentration	NOUN
gujaf-376	46	3	pertains	pertain	VERB
gujaf-376	46	4	to	to	ADP
gujaf-376	46	5	the	the	DET
gujaf-376	46	6	allocation	allocation	NOUN
gujaf-376	46	7	of	of	ADP
gujaf-376	46	8	ownership	ownership	NOUN
gujaf-376	46	9	stakes	stake	NOUN
gujaf-376	46	10	among	among	ADP
gujaf-376	46	11	shareholders	shareholder	NOUN
gujaf-376	46	12	within	within	ADP
gujaf-376	46	13	a	a	DET
gujaf-376	46	14	company	company	NOUN
gujaf-376	46	15	.	.	PUNCT
gujaf-376	47	1	it	it	PRON
gujaf-376	47	2	is	be	AUX
gujaf-376	47	3	a	a	DET
gujaf-376	47	4	crucial	crucial	ADJ
gujaf-376	47	5	factor	factor	NOUN
gujaf-376	47	6	that	that	PRON
gujaf-376	47	7	influences	influence	VERB
gujaf-376	47	8	the	the	DET
gujaf-376	47	9	decision	decision	NOUN
gujaf-376	47	10	-	-	PUNCT
gujaf-376	47	11	making	make	VERB
gujaf-376	47	12	dynamics	dynamic	NOUN
gujaf-376	47	13	of	of	ADP
gujaf-376	47	14	the	the	DET
gujaf-376	47	15	organisation	organisation	NOUN
gujaf-376	47	16	,	,	PUNCT
gujaf-376	47	17	corporate	corporate	ADJ
gujaf-376	47	18	governance	governance	NOUN
gujaf-376	47	19	,	,	PUNCT
gujaf-376	47	20	and	and	CCONJ
gujaf-376	47	21	ultimately	ultimately	ADV
gujaf-376	47	22	,	,	PUNCT
gujaf-376	47	23	the	the	DET
gujaf-376	47	24	firm	firm	NOUN
gujaf-376	47	25	's	's	PART
gujaf-376	47	26	performance	performance	NOUN
gujaf-376	47	27	(	(	PUNCT
gujaf-376	47	28	gupta	gupta	PROPN
gujaf-376	47	29	&	&	CCONJ
gujaf-376	47	30	mer	mer	PROPN
gujaf-376	47	31	,	,	PUNCT
gujaf-376	47	32	2023	2023	NUM
gujaf-376	47	33	)	)	PUNCT
gujaf-376	47	34	gusau	gusau	ADJ
gujaf-376	47	35	journal	journal	NOUN
gujaf-376	47	36	of	of	ADP
gujaf-376	47	37	accounting	accounting	NOUN
gujaf-376	47	38	and	and	CCONJ
gujaf-376	47	39	finance	finance	NOUN
gujaf-376	47	40	,	,	PUNCT
gujaf-376	47	41	vol.6	vol.6	PROPN
gujaf-376	47	42	,	,	PUNCT
gujaf-376	47	43	issue	issue	NOUN
gujaf-376	47	44	1	1	NUM
gujaf-376	47	45	,	,	PUNCT
gujaf-376	47	46	april	april	PROPN
gujaf-376	47	47	,	,	PUNCT
gujaf-376	47	48	2025	2025	NUM
gujaf-376	47	49	155	155	NUM
gujaf-376	47	50	foreign	foreign	ADJ
gujaf-376	47	51	ownership	ownership	NOUN
gujaf-376	47	52	collins	collin	NOUN
gujaf-376	47	53	,	,	PUNCT
gujaf-376	47	54	(	(	PUNCT
gujaf-376	47	55	2019	2019	NUM
gujaf-376	47	56	)	)	PUNCT
gujaf-376	47	57	asserted	assert	VERB
gujaf-376	47	58	that	that	SCONJ
gujaf-376	47	59	the	the	DET
gujaf-376	47	60	definition	definition	NOUN
gujaf-376	47	61	of	of	ADP
gujaf-376	47	62	foreign	foreign	ADJ
gujaf-376	47	63	ownership	ownership	NOUN
gujaf-376	47	64	can	can	AUX
gujaf-376	47	65	vary	vary	VERB
gujaf-376	47	66	depending	depend	VERB
gujaf-376	47	67	on	on	ADP
gujaf-376	47	68	the	the	DET
gujaf-376	47	69	context	context	NOUN
gujaf-376	47	70	in	in	ADP
gujaf-376	47	71	which	which	PRON
gujaf-376	47	72	it	it	PRON
gujaf-376	47	73	is	be	AUX
gujaf-376	47	74	used	use	VERB
gujaf-376	47	75	.	.	PUNCT
gujaf-376	48	1	in	in	ADP
gujaf-376	48	2	the	the	DET
gujaf-376	48	3	context	context	NOUN
gujaf-376	48	4	of	of	ADP
gujaf-376	48	5	securities	security	NOUN
gujaf-376	48	6	and	and	CCONJ
gujaf-376	48	7	assets	asset	NOUN
gujaf-376	48	8	,	,	PUNCT
gujaf-376	48	9	foreign	foreign	ADJ
gujaf-376	48	10	ownership	ownership	NOUN
gujaf-376	48	11	can	can	AUX
gujaf-376	48	12	be	be	AUX
gujaf-376	48	13	defined	define	VERB
gujaf-376	48	14	by	by	ADP
gujaf-376	48	15	the	the	DET
gujaf-376	48	16	percentage	percentage	NOUN
gujaf-376	48	17	of	of	ADP
gujaf-376	48	18	outstanding	outstanding	ADJ
gujaf-376	48	19	voting	voting	NOUN
gujaf-376	48	20	securities	security	NOUN
gujaf-376	48	21	owned	own	VERB
gujaf-376	48	22	by	by	ADP
gujaf-376	48	23	foreign	foreign	ADJ
gujaf-376	48	24	persons	person	NOUN
gujaf-376	48	25	.	.	PUNCT
gujaf-376	49	1	in	in	ADP
gujaf-376	49	2	the	the	DET
gujaf-376	49	3	context	context	NOUN
gujaf-376	49	4	of	of	ADP
gujaf-376	49	5	companies	company	NOUN
gujaf-376	49	6	,	,	PUNCT
gujaf-376	49	7	foreign	foreign	ADJ
gujaf-376	49	8	ownership	ownership	NOUN
gujaf-376	49	9	can	can	AUX
gujaf-376	49	10	refer	refer	VERB
gujaf-376	49	11	to	to	ADP
gujaf-376	49	12	the	the	DET
gujaf-376	49	13	degree	degree	NOUN
gujaf-376	49	14	of	of	ADP
gujaf-376	49	15	ownership	ownership	NOUN
gujaf-376	49	16	and	and	CCONJ
gujaf-376	49	17	control	control	NOUN
gujaf-376	49	18	by	by	ADP
gujaf-376	49	19	foreign	foreign	ADJ
gujaf-376	49	20	entities	entity	NOUN
gujaf-376	49	21	.	.	PUNCT
gujaf-376	50	1	foreign	foreign	ADJ
gujaf-376	50	2	ownership	ownership	NOUN
gujaf-376	50	3	is	be	AUX
gujaf-376	50	4	the	the	DET
gujaf-376	50	5	percentage	percentage	NOUN
gujaf-376	50	6	of	of	ADP
gujaf-376	50	7	a	a	DET
gujaf-376	50	8	company	company	NOUN
gujaf-376	50	9	's	's	PART
gujaf-376	50	10	equity	equity	NOUN
gujaf-376	50	11	or	or	CCONJ
gujaf-376	50	12	assets	asset	NOUN
gujaf-376	50	13	that	that	PRON
gujaf-376	50	14	is	be	AUX
gujaf-376	50	15	owned	own	VERB
gujaf-376	50	16	by	by	ADP
gujaf-376	50	17	foreign	foreign	ADJ
gujaf-376	50	18	investors	investor	NOUN
gujaf-376	50	19	or	or	CCONJ
gujaf-376	50	20	entities	entity	NOUN
gujaf-376	50	21	,	,	PUNCT
gujaf-376	50	22	often	often	ADV
gujaf-376	50	23	measured	measure	VERB
gujaf-376	50	24	in	in	ADP
gujaf-376	50	25	terms	term	NOUN
gujaf-376	50	26	of	of	ADP
gujaf-376	50	27	shareholding	shareholding	NOUN
gujaf-376	50	28	or	or	CCONJ
gujaf-376	50	29	controlling	control	VERB
gujaf-376	50	30	interests	interest	NOUN
gujaf-376	50	31	(	(	PUNCT
gujaf-376	50	32	brewster	brewster	NOUN
gujaf-376	50	33	&	&	CCONJ
gujaf-376	50	34	hegewisch	hegewisch	PROPN
gujaf-376	50	35	,	,	PUNCT
gujaf-376	50	36	2017	2017	NUM
gujaf-376	50	37	)	)	PUNCT
gujaf-376	50	38	.	.	PUNCT
gujaf-376	51	1	foreign	foreign	ADJ
gujaf-376	51	2	ownership	ownership	NOUN
gujaf-376	51	3	also	also	ADV
gujaf-376	51	4	refers	refer	VERB
gujaf-376	51	5	to	to	ADP
gujaf-376	51	6	the	the	DET
gujaf-376	51	7	ownership	ownership	NOUN
gujaf-376	51	8	of	of	ADP
gujaf-376	51	9	companies	company	NOUN
gujaf-376	51	10	,	,	PUNCT
gujaf-376	51	11	assets	asset	NOUN
gujaf-376	51	12	,	,	PUNCT
gujaf-376	51	13	or	or	CCONJ
gujaf-376	51	14	properties	property	NOUN
gujaf-376	51	15	by	by	ADP
gujaf-376	51	16	individuals	individual	NOUN
gujaf-376	51	17	,	,	PUNCT
gujaf-376	51	18	entities	entity	NOUN
gujaf-376	51	19	,	,	PUNCT
gujaf-376	51	20	or	or	CCONJ
gujaf-376	51	21	governments	government	NOUN
gujaf-376	51	22	from	from	ADP
gujaf-376	51	23	foreign	foreign	ADJ
gujaf-376	51	24	countries	country	NOUN
gujaf-376	51	25	,	,	PUNCT
gujaf-376	51	26	indicating	indicate	VERB
gujaf-376	51	27	the	the	DET
gujaf-376	51	28	degree	degree	NOUN
gujaf-376	51	29	of	of	ADP
gujaf-376	51	30	international	international	ADJ
gujaf-376	51	31	investment	investment	NOUN
gujaf-376	51	32	in	in	ADP
gujaf-376	51	33	a	a	DET
gujaf-376	51	34	country	country	NOUN
gujaf-376	51	35	's	's	PART
gujaf-376	51	36	economy	economy	NOUN
gujaf-376	51	37	(	(	PUNCT
gujaf-376	51	38	oecd	oecd	PROPN
gujaf-376	51	39	,	,	PUNCT
gujaf-376	51	40	2020	2020	NUM
gujaf-376	51	41	)	)	PUNCT
gujaf-376	51	42	.	.	PUNCT
gujaf-376	52	1	firm	firm	ADJ
gujaf-376	52	2	value	value	NOUN
gujaf-376	52	3	putro	putro	X
gujaf-376	52	4	&	&	CCONJ
gujaf-376	52	5	risman	risman	PROPN
gujaf-376	52	6	(	(	PUNCT
gujaf-376	52	7	2021	2021	NUM
gujaf-376	52	8	)	)	PUNCT
gujaf-376	52	9	described	describe	VERB
gujaf-376	52	10	the	the	DET
gujaf-376	52	11	firm	firm	ADJ
gujaf-376	52	12	value	value	NOUN
gujaf-376	52	13	as	as	ADP
gujaf-376	52	14	representing	represent	VERB
gujaf-376	52	15	the	the	DET
gujaf-376	52	16	present	present	ADJ
gujaf-376	52	17	value	value	NOUN
gujaf-376	52	18	of	of	ADP
gujaf-376	52	19	anticipated	anticipate	VERB
gujaf-376	52	20	cash	cash	NOUN
gujaf-376	52	21	flows	flow	NOUN
gujaf-376	52	22	which	which	PRON
gujaf-376	52	23	reflect	reflect	VERB
gujaf-376	52	24	the	the	DET
gujaf-376	52	25	worth	worth	NOUN
gujaf-376	52	26	of	of	ADP
gujaf-376	52	27	company	company	NOUN
gujaf-376	52	28	assets	asset	NOUN
gujaf-376	52	29	and	and	CCONJ
gujaf-376	52	30	are	be	AUX
gujaf-376	52	31	likely	likely	ADV
gujaf-376	52	32	affected	affect	VERB
gujaf-376	52	33	by	by	ADP
gujaf-376	52	34	risk	risk	NOUN
gujaf-376	52	35	variables	variable	NOUN
gujaf-376	52	36	that	that	PRON
gujaf-376	52	37	may	may	AUX
gujaf-376	52	38	induce	induce	VERB
gujaf-376	52	39	potential	potential	ADJ
gujaf-376	52	40	deviations	deviation	NOUN
gujaf-376	52	41	.	.	PUNCT
gujaf-376	53	1	nurhayati	nurhayati	PROPN
gujaf-376	53	2	,	,	PUNCT
gujaf-376	53	3	et	et	PROPN
gujaf-376	53	4	al	al	PROPN
gujaf-376	53	5	.	.	PROPN
gujaf-376	53	6	,	,	PUNCT
gujaf-376	53	7	(	(	PUNCT
gujaf-376	53	8	2021	2021	NUM
gujaf-376	53	9	)	)	PUNCT
gujaf-376	53	10	asserted	assert	VERB
gujaf-376	53	11	that	that	DET
gujaf-376	53	12	value	value	NOUN
gujaf-376	53	13	generally	generally	ADV
gujaf-376	53	14	encompasses	encompass	VERB
gujaf-376	53	15	elements	element	NOUN
gujaf-376	53	16	of	of	ADP
gujaf-376	53	17	nominal	nominal	ADJ
gujaf-376	53	18	,	,	PUNCT
gujaf-376	53	19	market	market	NOUN
gujaf-376	53	20	,	,	PUNCT
gujaf-376	53	21	intrinsic	intrinsic	ADJ
gujaf-376	53	22	,	,	PUNCT
gujaf-376	53	23	and	and	CCONJ
gujaf-376	53	24	book	book	NOUN
gujaf-376	53	25	value	value	NOUN
gujaf-376	53	26	.	.	PUNCT
gujaf-376	54	1	while	while	SCONJ
gujaf-376	54	2	nominal	nominal	ADJ
gujaf-376	54	3	value	value	NOUN
gujaf-376	54	4	refers	refer	VERB
gujaf-376	54	5	to	to	ADP
gujaf-376	54	6	the	the	DET
gujaf-376	54	7	value	value	NOUN
gujaf-376	54	8	specified	specify	VERB
gujaf-376	54	9	in	in	ADP
gujaf-376	54	10	a	a	DET
gujaf-376	54	11	company	company	NOUN
gujaf-376	54	12	's	's	PART
gujaf-376	54	13	articles	article	NOUN
gujaf-376	54	14	of	of	ADP
gujaf-376	54	15	association	association	NOUN
gujaf-376	54	16	typically	typically	ADV
gujaf-376	54	17	at	at	ADP
gujaf-376	54	18	its	its	PRON
gujaf-376	54	19	inception	inception	NOUN
gujaf-376	54	20	or	or	CCONJ
gujaf-376	54	21	as	as	ADP
gujaf-376	54	22	per	per	ADP
gujaf-376	54	23	its	its	PRON
gujaf-376	54	24	deed	deed	NOUN
gujaf-376	54	25	of	of	ADP
gujaf-376	54	26	amendment	amendment	NOUN
gujaf-376	54	27	;	;	PUNCT
gujaf-376	54	28	market	market	NOUN
gujaf-376	54	29	value	value	NOUN
gujaf-376	54	30	is	be	AUX
gujaf-376	54	31	referred	refer	VERB
gujaf-376	54	32	to	to	ADP
gujaf-376	54	33	as	as	SCONJ
gujaf-376	54	34	the	the	DET
gujaf-376	54	35	market	market	NOUN
gujaf-376	54	36	price	price	NOUN
gujaf-376	54	37	established	establish	VERB
gujaf-376	54	38	in	in	ADP
gujaf-376	54	39	the	the	DET
gujaf-376	54	40	stock	stock	NOUN
gujaf-376	54	41	market	market	NOUN
gujaf-376	54	42	through	through	ADP
gujaf-376	54	43	a	a	DET
gujaf-376	54	44	negotiation	negotiation	NOUN
gujaf-376	54	45	mechanism	mechanism	NOUN
gujaf-376	54	46	or	or	CCONJ
gujaf-376	54	47	process	process	NOUN
gujaf-376	54	48	as	as	SCONJ
gujaf-376	54	49	the	the	DET
gujaf-376	54	50	market	market	NOUN
gujaf-376	54	51	value	value	NOUN
gujaf-376	54	52	of	of	ADP
gujaf-376	54	53	this	this	DET
gujaf-376	54	54	company	company	NOUN
gujaf-376	54	55	's	's	PART
gujaf-376	54	56	shares	share	NOUN
gujaf-376	54	57	will	will	AUX
gujaf-376	54	58	be	be	AUX
gujaf-376	54	59	ascertainable	ascertainable	ADJ
gujaf-376	54	60	upon	upon	SCONJ
gujaf-376	54	61	its	its	PRON
gujaf-376	54	62	listing	listing	NOUN
gujaf-376	54	63	on	on	ADP
gujaf-376	54	64	the	the	DET
gujaf-376	54	65	stock	stock	NOUN
gujaf-376	54	66	exchange	exchange	NOUN
gujaf-376	54	67	(	(	PUNCT
gujaf-376	54	68	zeume	zeume	NOUN
gujaf-376	54	69	,	,	PUNCT
gujaf-376	54	70	2017	2017	NUM
gujaf-376	54	71	)	)	PUNCT
gujaf-376	54	72	.	.	PUNCT
gujaf-376	55	1	moreso	moreso	PROPN
gujaf-376	55	2	,	,	PUNCT
gujaf-376	55	3	intrinsic	intrinsic	ADJ
gujaf-376	55	4	value	value	NOUN
gujaf-376	55	5	is	be	AUX
gujaf-376	55	6	derived	derive	VERB
gujaf-376	55	7	from	from	ADP
gujaf-376	55	8	computations	computation	NOUN
gujaf-376	55	9	in	in	ADP
gujaf-376	55	10	a	a	DET
gujaf-376	55	11	company	company	NOUN
gujaf-376	55	12	's	's	PART
gujaf-376	55	13	basic	basic	ADJ
gujaf-376	55	14	analysis	analysis	NOUN
gujaf-376	55	15	and	and	CCONJ
gujaf-376	55	16	is	be	AUX
gujaf-376	55	17	typically	typically	ADV
gujaf-376	55	18	employed	employ	VERB
gujaf-376	55	19	to	to	PART
gujaf-376	55	20	evaluate	evaluate	VERB
gujaf-376	55	21	a	a	DET
gujaf-376	55	22	company	company	NOUN
gujaf-376	55	23	's	's	PART
gujaf-376	55	24	share	share	NOUN
gujaf-376	55	25	price	price	NOUN
gujaf-376	55	26	and	and	CCONJ
gujaf-376	55	27	inform	inform	VERB
gujaf-376	55	28	decision	decision	NOUN
gujaf-376	55	29	-	-	PUNCT
gujaf-376	55	30	making	making	NOUN
gujaf-376	55	31	for	for	ADP
gujaf-376	55	32	investors	investor	NOUN
gujaf-376	55	33	and	and	CCONJ
gujaf-376	55	34	investment	investment	NOUN
gujaf-376	55	35	managers	manager	NOUN
gujaf-376	55	36	.	.	PUNCT
gujaf-376	56	1	the	the	DET
gujaf-376	56	2	book	book	NOUN
gujaf-376	56	3	value	value	NOUN
gujaf-376	56	4	of	of	ADP
gujaf-376	56	5	a	a	DET
gujaf-376	56	6	firm	firm	NOUN
gujaf-376	56	7	is	be	AUX
gujaf-376	56	8	determined	determine	VERB
gujaf-376	56	9	for	for	ADP
gujaf-376	56	10	accounting	accounting	NOUN
gujaf-376	56	11	purposes	purpose	NOUN
gujaf-376	56	12	by	by	ADP
gujaf-376	56	13	calculating	calculate	VERB
gujaf-376	56	14	the	the	DET
gujaf-376	56	15	difference	difference	NOUN
gujaf-376	56	16	between	between	ADP
gujaf-376	56	17	total	total	ADJ
gujaf-376	56	18	assets	asset	NOUN
gujaf-376	56	19	and	and	CCONJ
gujaf-376	56	20	total	total	ADJ
gujaf-376	56	21	liabilities	liability	NOUN
gujaf-376	56	22	,	,	PUNCT
gujaf-376	56	23	and	and	CCONJ
gujaf-376	56	24	then	then	ADV
gujaf-376	56	25	dividing	divide	VERB
gujaf-376	56	26	this	this	DET
gujaf-376	56	27	figure	figure	NOUN
gujaf-376	56	28	by	by	ADP
gujaf-376	56	29	the	the	DET
gujaf-376	56	30	number	number	NOUN
gujaf-376	56	31	of	of	ADP
gujaf-376	56	32	shares	share	NOUN
gujaf-376	56	33	outstanding	outstanding	ADJ
gujaf-376	56	34	(	(	PUNCT
gujaf-376	56	35	krause	krause	NOUN
gujaf-376	56	36	,	,	PUNCT
gujaf-376	56	37	&	&	CCONJ
gujaf-376	56	38	tse	tse	PROPN
gujaf-376	56	39	,	,	PUNCT
gujaf-376	56	40	2016	2016	NUM
gujaf-376	56	41	;	;	PUNCT
gujaf-376	56	42	jihadi	jihadi	NOUN
gujaf-376	56	43	,	,	PUNCT
gujaf-376	56	44	et	et	PROPN
gujaf-376	56	45	al	al	PROPN
gujaf-376	56	46	.	.	PROPN
gujaf-376	56	47	,	,	PUNCT
gujaf-376	56	48	2021	2021	NUM
gujaf-376	56	49	)	)	PUNCT
gujaf-376	56	50	.	.	PUNCT
gujaf-376	57	1	theoretical	theoretical	ADJ
gujaf-376	57	2	review	review	NOUN
gujaf-376	57	3	according	accord	VERB
gujaf-376	57	4	to	to	ADP
gujaf-376	57	5	the	the	DET
gujaf-376	57	6	resource	resource	NOUN
gujaf-376	57	7	-	-	PUNCT
gujaf-376	57	8	based	base	VERB
gujaf-376	57	9	view	view	NOUN
gujaf-376	57	10	(	(	PUNCT
gujaf-376	57	11	rbv	rbv	NOUN
gujaf-376	57	12	)	)	PUNCT
gujaf-376	57	13	,	,	PUNCT
gujaf-376	57	14	firm	firm	ADJ
gujaf-376	57	15	value	value	NOUN
gujaf-376	57	16	stems	stem	VERB
gujaf-376	57	17	from	from	ADP
gujaf-376	57	18	unique	unique	ADJ
gujaf-376	57	19	assets	asset	NOUN
gujaf-376	57	20	combined	combine	VERB
gujaf-376	57	21	with	with	ADP
gujaf-376	57	22	their	their	PRON
gujaf-376	57	23	effective	effective	ADJ
gujaf-376	57	24	use	use	NOUN
gujaf-376	57	25	of	of	ADP
gujaf-376	57	26	resources	resource	NOUN
gujaf-376	57	27	,	,	PUNCT
gujaf-376	57	28	which	which	PRON
gujaf-376	57	29	are	be	AUX
gujaf-376	57	30	rare	rare	ADJ
gujaf-376	57	31	,	,	PUNCT
gujaf-376	57	32	difficult	difficult	ADJ
gujaf-376	57	33	to	to	PART
gujaf-376	57	34	duplicate	duplicate	VERB
gujaf-376	57	35	,	,	PUNCT
gujaf-376	57	36	and	and	CCONJ
gujaf-376	57	37	inimitable	inimitable	ADJ
gujaf-376	57	38	(	(	PUNCT
gujaf-376	57	39	barney	barney	NOUN
gujaf-376	57	40	,	,	PUNCT
gujaf-376	57	41	1991	1991	NUM
gujaf-376	57	42	)	)	PUNCT
gujaf-376	57	43	.	.	PUNCT
gujaf-376	58	1	a	a	DET
gujaf-376	58	2	firm	firm	NOUN
gujaf-376	58	3	's	's	PART
gujaf-376	58	4	ownership	ownership	NOUN
gujaf-376	58	5	attributes	attribute	NOUN
gujaf-376	58	6	regarding	regard	VERB
gujaf-376	58	7	concentration	concentration	NOUN
gujaf-376	58	8	alongside	alongside	ADP
gujaf-376	58	9	forms	form	NOUN
gujaf-376	58	10	of	of	ADP
gujaf-376	58	11	ownership	ownership	NOUN
gujaf-376	58	12	directly	directly	ADV
gujaf-376	58	13	affect	affect	VERB
gujaf-376	58	14	how	how	SCONJ
gujaf-376	58	15	its	its	PRON
gujaf-376	58	16	base	base	NOUN
gujaf-376	58	17	of	of	ADP
gujaf-376	58	18	resources	resource	NOUN
gujaf-376	58	19	and	and	CCONJ
gujaf-376	58	20	capabilities	capability	NOUN
gujaf-376	58	21	develops	develop	VERB
gujaf-376	58	22	.	.	PUNCT
gujaf-376	59	1	institutional	institutional	ADJ
gujaf-376	59	2	investors	investor	NOUN
gujaf-376	59	3	contribute	contribute	VERB
gujaf-376	59	4	important	important	ADJ
gujaf-376	59	5	financial	financial	ADJ
gujaf-376	59	6	capabilities	capability	NOUN
gujaf-376	59	7	with	with	ADP
gujaf-376	59	8	governance	governance	NOUN
gujaf-376	59	9	frameworks	framework	NOUN
gujaf-376	59	10	and	and	CCONJ
gujaf-376	59	11	network	network	NOUN
gujaf-376	59	12	benefits	benefit	NOUN
gujaf-376	59	13	that	that	PRON
gujaf-376	59	14	help	help	VERB
gujaf-376	59	15	companies	company	NOUN
gujaf-376	59	16	achieve	achieve	VERB
gujaf-376	59	17	better	well	ADJ
gujaf-376	59	18	firm	firm	ADJ
gujaf-376	59	19	performance	performance	NOUN
gujaf-376	59	20	(	(	PUNCT
gujaf-376	59	21	gillan	gillan	PROPN
gujaf-376	59	22	&	&	CCONJ
gujaf-376	59	23	starks	starks	PROPN
gujaf-376	59	24	,	,	PUNCT
gujaf-376	59	25	2003	2003	NUM
gujaf-376	59	26	)	)	PUNCT
gujaf-376	59	27	.	.	PUNCT
gujaf-376	60	1	family	family	NOUN
gujaf-376	60	2	business	business	NOUN
gujaf-376	60	3	owners	owner	NOUN
gujaf-376	60	4	have	have	VERB
gujaf-376	60	5	specific	specific	ADJ
gujaf-376	60	6	knowledge	knowledge	NOUN
gujaf-376	60	7	of	of	ADP
gujaf-376	60	8	their	their	PRON
gujaf-376	60	9	companies	company	NOUN
gujaf-376	60	10	and	and	CCONJ
gujaf-376	60	11	strategic	strategic	ADJ
gujaf-376	60	12	foresight	foresight	NOUN
gujaf-376	60	13	and	and	CCONJ
gujaf-376	60	14	social	social	ADJ
gujaf-376	60	15	capital	capital	NOUN
gujaf-376	60	16	,	,	PUNCT
gujaf-376	60	17	which	which	PRON
gujaf-376	60	18	benefits	benefit	VERB
gujaf-376	60	19	firm	firm	ADJ
gujaf-376	60	20	value	value	NOUN
gujaf-376	60	21	(	(	PUNCT
gujaf-376	60	22	chrisman	chrisman	PROPN
gujaf-376	60	23	et	et	PROPN
gujaf-376	60	24	al	al	PROPN
gujaf-376	60	25	.	.	PROPN
gujaf-376	60	26	,	,	PUNCT
gujaf-376	60	27	2015	2015	NUM
gujaf-376	60	28	)	)	PUNCT
gujaf-376	60	29	.	.	PUNCT
gujaf-376	61	1	the	the	DET
gujaf-376	61	2	positive	positive	ADJ
gujaf-376	61	3	value	value	NOUN
gujaf-376	61	4	effects	effect	NOUN
gujaf-376	61	5	from	from	ADP
gujaf-376	61	6	ownership	ownership	NOUN
gujaf-376	61	7	characteristics	characteristic	NOUN
gujaf-376	61	8	hinge	hinge	NOUN
gujaf-376	61	9	on	on	ADP
gujaf-376	61	10	how	how	SCONJ
gujaf-376	61	11	well	well	ADV
gujaf-376	61	12	the	the	DET
gujaf-376	61	13	firm	firm	NOUN
gujaf-376	61	14	operates	operate	VERB
gujaf-376	61	15	these	these	DET
gujaf-376	61	16	resources	resource	NOUN
gujaf-376	61	17	efficiently	efficiently	ADV
gujaf-376	61	18	.	.	PUNCT
gujaf-376	62	1	according	accord	VERB
gujaf-376	62	2	to	to	ADP
gujaf-376	62	3	rbv	rbv	PROPN
gujaf-376	62	4	theory	theory	NOUN
gujaf-376	62	5	,	,	PUNCT
gujaf-376	62	6	the	the	DET
gujaf-376	62	7	interest	interest	NOUN
gujaf-376	62	8	alignment	alignment	NOUN
gujaf-376	62	9	between	between	ADP
gujaf-376	62	10	managers	manager	NOUN
gujaf-376	62	11	and	and	CCONJ
gujaf-376	62	12	shareholders	shareholder	NOUN
gujaf-376	62	13	improves	improve	VERB
gujaf-376	62	14	through	through	ADP
gujaf-376	62	15	significant	significant	ADJ
gujaf-376	62	16	equity	equity	NOUN
gujaf-376	62	17	ownership	ownership	NOUN
gujaf-376	62	18	(	(	PUNCT
gujaf-376	62	19	fahlenbrach	fahlenbrach	NOUN
gujaf-376	62	20	&	&	CCONJ
gujaf-376	62	21	stulz	stulz	ADJ
gujaf-376	62	22	,	,	PUNCT
gujaf-376	62	23	2009	2009	NUM
gujaf-376	62	24	;	;	PUNCT
gujaf-376	62	25	morck	morck	PROPN
gujaf-376	62	26	et	et	PROPN
gujaf-376	62	27	al	al	PROPN
gujaf-376	62	28	.	.	PROPN
gujaf-376	62	29	,	,	PUNCT
gujaf-376	62	30	1988	1988	NUM
gujaf-376	62	31	)	)	PUNCT
gujaf-376	62	32	.	.	PUNCT
gujaf-376	63	1	furthermore	furthermore	ADV
gujaf-376	63	2	,	,	PUNCT
gujaf-376	63	3	rbv	rbv	VERB
gujaf-376	63	4	demonstrates	demonstrate	VERB
gujaf-376	63	5	how	how	SCONJ
gujaf-376	63	6	institutional	institutional	ADJ
gujaf-376	63	7	ownership	ownership	NOUN
gujaf-376	63	8	enhances	enhance	VERB
gujaf-376	63	9	governance	governance	NOUN
gujaf-376	63	10	systems	system	NOUN
gujaf-376	63	11	while	while	SCONJ
gujaf-376	63	12	it	it	PRON
gujaf-376	63	13	decreases	decrease	VERB
gujaf-376	63	14	information	information	NOUN
gujaf-376	63	15	imbalance	imbalance	NOUN
gujaf-376	63	16	and	and	CCONJ
gujaf-376	63	17	delivers	deliver	VERB
gujaf-376	63	18	access	access	NOUN
gujaf-376	63	19	to	to	ADP
gujaf-376	63	20	fundamental	fundamental	ADJ
gujaf-376	63	21	business	business	NOUN
gujaf-376	63	22	resources	resource	NOUN
gujaf-376	63	23	(	(	PUNCT
gujaf-376	63	24	bushee	bushee	NOUN
gujaf-376	63	25	,	,	PUNCT
gujaf-376	63	26	1998	1998	NUM
gujaf-376	63	27	)	)	PUNCT
gujaf-376	63	28	.	.	PUNCT
gujaf-376	64	1	long	long	ADJ
gujaf-376	64	2	-	-	PUNCT
gujaf-376	64	3	term	term	NOUN
gujaf-376	64	4	institutional	institutional	ADJ
gujaf-376	64	5	investors	investor	NOUN
gujaf-376	64	6	support	support	VERB
gujaf-376	64	7	firm	firm	ADJ
gujaf-376	64	8	value	value	NOUN
gujaf-376	64	9	creation	creation	NOUN
gujaf-376	64	10	through	through	ADP
gujaf-376	64	11	their	their	PRON
gujaf-376	64	12	support	support	NOUN
gujaf-376	64	13	for	for	ADP
gujaf-376	64	14	capital	capital	NOUN
gujaf-376	64	15	investments	investment	NOUN
gujaf-376	64	16	combined	combine	VERB
gujaf-376	64	17	with	with	ADP
gujaf-376	64	18	financial	financial	ADJ
gujaf-376	64	19	management	management	NOUN
gujaf-376	64	20	strategies	strategy	NOUN
gujaf-376	64	21	and	and	CCONJ
gujaf-376	64	22	operational	operational	ADJ
gujaf-376	64	23	efficiency	efficiency	NOUN
gujaf-376	64	24	measures	measure	NOUN
gujaf-376	64	25	(	(	PUNCT
gujaf-376	64	26	ferreira	ferreira	PROPN
gujaf-376	64	27	&	&	CCONJ
gujaf-376	64	28	matos	matos	PROPN
gujaf-376	64	29	2008	2008	NUM
gujaf-376	64	30	;	;	PUNCT
gujaf-376	64	31	edmans	edman	NOUN
gujaf-376	64	32	,	,	PUNCT
gujaf-376	64	33	2014	2014	NUM
gujaf-376	64	34	)	)	PUNCT
gujaf-376	64	35	.	.	PUNCT
gujaf-376	65	1	rbv	rbv	PROPN
gujaf-376	65	2	presents	present	VERB
gujaf-376	65	3	an	an	DET
gujaf-376	65	4	extensive	extensive	ADJ
gujaf-376	65	5	framework	framework	NOUN
gujaf-376	65	6	which	which	PRON
gujaf-376	65	7	demonstrates	demonstrate	VERB
gujaf-376	65	8	how	how	SCONJ
gujaf-376	65	9	a	a	DET
gujaf-376	65	10	company	company	NOUN
gujaf-376	65	11	's	's	PART
gujaf-376	65	12	value	value	NOUN
gujaf-376	65	13	is	be	AUX
gujaf-376	65	14	affected	affect	VERB
gujaf-376	65	15	by	by	ADP
gujaf-376	65	16	ownership	ownership	NOUN
gujaf-376	65	17	characteristics	characteristic	NOUN
gujaf-376	65	18	through	through	ADP
gujaf-376	65	19	obtaining	obtain	VERB
gujaf-376	65	20	valuable	valuable	ADJ
gujaf-376	65	21	resources	resource	NOUN
gujaf-376	65	22	and	and	CCONJ
gujaf-376	65	23	developing	develop	VERB
gujaf-376	65	24	strategic	strategic	ADJ
gujaf-376	65	25	skills	skill	NOUN
gujaf-376	65	26	.	.	PUNCT
gujaf-376	66	1	gusau	gusau	ADJ
gujaf-376	66	2	journal	journal	PROPN
gujaf-376	66	3	of	of	ADP
gujaf-376	66	4	accounting	accounting	NOUN
gujaf-376	66	5	and	and	CCONJ
gujaf-376	66	6	finance	finance	NOUN
gujaf-376	66	7	,	,	PUNCT
gujaf-376	66	8	vol.6	vol.6	PROPN
gujaf-376	66	9	,	,	PUNCT
gujaf-376	66	10	issue	issue	NOUN
gujaf-376	66	11	1	1	NUM
gujaf-376	66	12	,	,	PUNCT
gujaf-376	66	13	april	april	PROPN
gujaf-376	66	14	,	,	PUNCT
gujaf-376	66	15	2025	2025	NUM
gujaf-376	66	16	156	156	NUM
gujaf-376	66	17	agency	agency	NOUN
gujaf-376	66	18	theory	theory	NOUN
gujaf-376	66	19	according	accord	VERB
gujaf-376	66	20	to	to	ADP
gujaf-376	66	21	agency	agency	NOUN
gujaf-376	66	22	theory	theory	NOUN
gujaf-376	66	23	,	,	PUNCT
gujaf-376	66	24	the	the	DET
gujaf-376	66	25	essential	essential	ADJ
gujaf-376	66	26	elements	element	NOUN
gujaf-376	66	27	of	of	ADP
gujaf-376	66	28	ownership	ownership	NOUN
gujaf-376	66	29	structure	structure	NOUN
gujaf-376	66	30	determine	determine	VERB
gujaf-376	66	31	how	how	SCONJ
gujaf-376	66	32	well	well	ADV
gujaf-376	66	33	agencies	agency	NOUN
gujaf-376	66	34	can	can	AUX
gujaf-376	66	35	resolve	resolve	VERB
gujaf-376	66	36	their	their	PRON
gujaf-376	66	37	conflicts	conflict	NOUN
gujaf-376	66	38	while	while	SCONJ
gujaf-376	66	39	simultaneously	simultaneously	ADV
gujaf-376	66	40	maximizing	maximize	VERB
gujaf-376	66	41	firm	firm	ADJ
gujaf-376	66	42	value	value	NOUN
gujaf-376	66	43	.	.	PUNCT
gujaf-376	67	1	jensen	jensen	PROPN
gujaf-376	67	2	and	and	CCONJ
gujaf-376	67	3	meckling	meckling	NOUN
gujaf-376	67	4	(	(	PUNCT
gujaf-376	67	5	1976	1976	NUM
gujaf-376	67	6	)	)	PUNCT
gujaf-376	67	7	asserted	assert	VERB
gujaf-376	67	8	that	that	SCONJ
gujaf-376	67	9	companies	company	NOUN
gujaf-376	67	10	suffer	suffer	VERB
gujaf-376	67	11	agency	agency	NOUN
gujaf-376	67	12	problems	problem	NOUN
gujaf-376	67	13	because	because	SCONJ
gujaf-376	67	14	managers	manager	NOUN
gujaf-376	67	15	(	(	PUNCT
gujaf-376	67	16	agents	agent	NOUN
gujaf-376	67	17	)	)	PUNCT
gujaf-376	67	18	lack	lack	NOUN
gujaf-376	67	19	shared	share	VERB
gujaf-376	67	20	interests	interest	NOUN
gujaf-376	67	21	with	with	ADP
gujaf-376	67	22	shareholders	shareholder	NOUN
gujaf-376	67	23	(	(	PUNCT
gujaf-376	67	24	principals	principal	NOUN
gujaf-376	67	25	)	)	PUNCT
gujaf-376	67	26	.	.	PUNCT
gujaf-376	68	1	ownership	ownership	NOUN
gujaf-376	68	2	attributes	attribute	VERB
gujaf-376	68	3	function	function	NOUN
gujaf-376	68	4	as	as	ADP
gujaf-376	68	5	vital	vital	ADJ
gujaf-376	68	6	tools	tool	NOUN
gujaf-376	68	7	for	for	ADP
gujaf-376	68	8	agency	agency	NOUN
gujaf-376	68	9	cost	cost	NOUN
gujaf-376	68	10	reduction	reduction	NOUN
gujaf-376	68	11	through	through	ADP
gujaf-376	68	12	their	their	PRON
gujaf-376	68	13	impact	impact	NOUN
gujaf-376	68	14	on	on	ADP
gujaf-376	68	15	manager	manager	NOUN
gujaf-376	68	16	encouragement	encouragement	NOUN
gujaf-376	68	17	and	and	CCONJ
gujaf-376	68	18	supervisory	supervisory	ADJ
gujaf-376	68	19	systems	system	NOUN
gujaf-376	68	20	;	;	PUNCT
gujaf-376	68	21	hence	hence	ADV
gujaf-376	68	22	,	,	PUNCT
gujaf-376	68	23	firm	firm	ADJ
gujaf-376	68	24	performance	performance	NOUN
gujaf-376	68	25	improves	improve	VERB
gujaf-376	68	26	and	and	CCONJ
gujaf-376	68	27	decision	decision	NOUN
gujaf-376	68	28	-	-	PUNCT
gujaf-376	68	29	making	make	VERB
gujaf-376	68	30	efficiency	efficiency	NOUN
gujaf-376	68	31	grows	grow	VERB
gujaf-376	68	32	while	while	SCONJ
gujaf-376	68	33	value	value	NOUN
gujaf-376	68	34	increases	increase	NOUN
gujaf-376	68	35	after	after	SCONJ
gujaf-376	68	36	managers	manager	NOUN
gujaf-376	68	37	see	see	VERB
gujaf-376	68	38	their	their	PRON
gujaf-376	68	39	interests	interest	NOUN
gujaf-376	68	40	synchronized	synchronize	VERB
gujaf-376	68	41	with	with	ADP
gujaf-376	68	42	shareholder	shareholder	NOUN
gujaf-376	68	43	interests	interest	NOUN
gujaf-376	68	44	through	through	ADP
gujaf-376	68	45	proper	proper	ADJ
gujaf-376	68	46	ownership	ownership	NOUN
gujaf-376	68	47	design	design	NOUN
gujaf-376	68	48	(	(	PUNCT
gujaf-376	68	49	chemmanur	chemmanur	PROPN
gujaf-376	68	50	,	,	PUNCT
gujaf-376	68	51	et	et	PROPN
gujaf-376	68	52	al	al	PROPN
gujaf-376	68	53	.	.	PROPN
gujaf-376	68	54	,	,	PUNCT
gujaf-376	68	55	2023	2023	NUM
gujaf-376	68	56	)	)	PUNCT
gujaf-376	68	57	.	.	PUNCT
gujaf-376	69	1	the	the	DET
gujaf-376	69	2	ownership	ownership	NOUN
gujaf-376	69	3	level	level	NOUN
gujaf-376	69	4	prompts	prompt	NOUN
gujaf-376	69	5	managers	manager	NOUN
gujaf-376	69	6	to	to	PART
gujaf-376	69	7	deliver	deliver	VERB
gujaf-376	69	8	value	value	NOUN
gujaf-376	69	9	maximization	maximization	NOUN
gujaf-376	69	10	because	because	SCONJ
gujaf-376	69	11	their	their	PRON
gujaf-376	69	12	wealth	wealth	NOUN
gujaf-376	69	13	strengthens	strengthen	VERB
gujaf-376	69	14	in	in	ADP
gujaf-376	69	15	direct	direct	ADJ
gujaf-376	69	16	relation	relation	NOUN
gujaf-376	69	17	to	to	ADP
gujaf-376	69	18	company	company	NOUN
gujaf-376	69	19	outcomes	outcome	NOUN
gujaf-376	69	20	.	.	PUNCT
gujaf-376	70	1	the	the	DET
gujaf-376	70	2	extreme	extreme	ADJ
gujaf-376	70	3	amount	amount	NOUN
gujaf-376	70	4	of	of	ADP
gujaf-376	70	5	company	company	NOUN
gujaf-376	70	6	ownership	ownership	NOUN
gujaf-376	70	7	held	hold	VERB
gujaf-376	70	8	by	by	ADP
gujaf-376	70	9	managers	manager	NOUN
gujaf-376	70	10	often	often	ADV
gujaf-376	70	11	causes	cause	VERB
gujaf-376	70	12	a	a	DET
gujaf-376	70	13	problem	problem	NOUN
gujaf-376	70	14	of	of	ADP
gujaf-376	70	15	managerial	managerial	ADJ
gujaf-376	70	16	entrenchment	entrenchment	NOUN
gujaf-376	70	17	which	which	PRON
gujaf-376	70	18	weakens	weaken	VERB
gujaf-376	70	19	external	external	ADJ
gujaf-376	70	20	monitoring	monitoring	NOUN
gujaf-376	70	21	and	and	CCONJ
gujaf-376	70	22	enables	enable	VERB
gujaf-376	70	23	detrimental	detrimental	ADJ
gujaf-376	70	24	managerial	managerial	ADJ
gujaf-376	70	25	activities	activity	NOUN
gujaf-376	70	26	that	that	PRON
gujaf-376	70	27	reduce	reduce	VERB
gujaf-376	70	28	firm	firm	ADJ
gujaf-376	70	29	value	value	NOUN
gujaf-376	70	30	(	(	PUNCT
gujaf-376	70	31	fosberg	fosberg	NOUN
gujaf-376	70	32	,	,	PUNCT
gujaf-376	70	33	2023	2023	NUM
gujaf-376	70	34	)	)	PUNCT
gujaf-376	70	35	.	.	PUNCT
gujaf-376	71	1	also	also	ADV
gujaf-376	71	2	,	,	PUNCT
gujaf-376	71	3	firms	firm	NOUN
gujaf-376	71	4	under	under	ADP
gujaf-376	71	5	foreign	foreign	ADJ
gujaf-376	71	6	and	and	CCONJ
gujaf-376	71	7	institutional	institutional	ADJ
gujaf-376	71	8	ownerships	ownership	NOUN
gujaf-376	71	9	benefit	benefit	VERB
gujaf-376	71	10	from	from	ADP
gujaf-376	71	11	stringent	stringent	ADJ
gujaf-376	71	12	governance	governance	NOUN
gujaf-376	71	13	inspections	inspection	NOUN
gujaf-376	71	14	and	and	CCONJ
gujaf-376	71	15	superior	superior	ADJ
gujaf-376	71	16	surveillance	surveillance	NOUN
gujaf-376	71	17	,	,	PUNCT
gujaf-376	71	18	enabling	enable	VERB
gujaf-376	71	19	agency	agency	NOUN
gujaf-376	71	20	cost	cost	NOUN
gujaf-376	71	21	reduction	reduction	NOUN
gujaf-376	71	22	,	,	PUNCT
gujaf-376	71	23	which	which	PRON
gujaf-376	71	24	enhances	enhance	VERB
gujaf-376	71	25	firm	firm	ADJ
gujaf-376	71	26	value	value	NOUN
gujaf-376	71	27	under	under	ADP
gujaf-376	71	28	suitable	suitable	ADJ
gujaf-376	71	29	information	information	NOUN
gujaf-376	71	30	transparency	transparency	NOUN
gujaf-376	71	31	and	and	CCONJ
gujaf-376	71	32	minimal	minimal	ADJ
gujaf-376	71	33	regulatory	regulatory	ADJ
gujaf-376	71	34	restrictions	restriction	NOUN
gujaf-376	71	35	(	(	PUNCT
gujaf-376	71	36	kusnadi	kusnadi	NOUN
gujaf-376	71	37	,	,	PUNCT
gujaf-376	71	38	et	et	PROPN
gujaf-376	71	39	al	al	PROPN
gujaf-376	71	40	.	.	PROPN
gujaf-376	71	41	,	,	PUNCT
gujaf-376	71	42	2022	2022	NUM
gujaf-376	71	43	)	)	PUNCT
gujaf-376	71	44	.	.	PUNCT
gujaf-376	72	1	the	the	DET
gujaf-376	72	2	absolute	absolute	ADJ
gujaf-376	72	3	performance	performance	NOUN
gujaf-376	72	4	of	of	ADP
gujaf-376	72	5	firms	firm	NOUN
gujaf-376	72	6	improves	improve	VERB
gujaf-376	72	7	when	when	SCONJ
gujaf-376	72	8	institutions	institution	NOUN
gujaf-376	72	9	become	become	VERB
gujaf-376	72	10	owners	owner	NOUN
gujaf-376	72	11	because	because	SCONJ
gujaf-376	72	12	they	they	PRON
gujaf-376	72	13	provide	provide	VERB
gujaf-376	72	14	both	both	DET
gujaf-376	72	15	specialized	specialized	ADJ
gujaf-376	72	16	knowledge	knowledge	NOUN
gujaf-376	72	17	and	and	CCONJ
gujaf-376	72	18	monitoring	monitor	VERB
gujaf-376	72	19	abilities	ability	NOUN
gujaf-376	72	20	that	that	PRON
gujaf-376	72	21	strengthen	strengthen	VERB
gujaf-376	72	22	governance	governance	NOUN
gujaf-376	72	23	and	and	CCONJ
gujaf-376	72	24	minimize	minimize	VERB
gujaf-376	72	25	agency	agency	NOUN
gujaf-376	72	26	costs	cost	NOUN
gujaf-376	72	27	thereby	thereby	ADV
gujaf-376	72	28	enhancing	enhance	VERB
gujaf-376	72	29	firm	firm	ADJ
gujaf-376	72	30	value	value	NOUN
gujaf-376	72	31	(	(	PUNCT
gujaf-376	72	32	lee	lee	PROPN
gujaf-376	72	33	,	,	PUNCT
gujaf-376	72	34	et	et	PROPN
gujaf-376	72	35	al	al	PROPN
gujaf-376	72	36	.	.	PROPN
gujaf-376	72	37	,	,	PUNCT
gujaf-376	72	38	2023	2023	NUM
gujaf-376	72	39	)	)	PUNCT
gujaf-376	72	40	.	.	PUNCT
gujaf-376	73	1	empirical	empirical	ADJ
gujaf-376	73	2	review	review	VERB
gujaf-376	73	3	sakawa	sakawa	NOUN
gujaf-376	73	4	and	and	CCONJ
gujaf-376	73	5	watanabel	watanabel	PROPN
gujaf-376	73	6	(	(	PUNCT
gujaf-376	73	7	2020	2020	NUM
gujaf-376	73	8	)	)	PUNCT
gujaf-376	73	9	determined	determine	VERB
gujaf-376	73	10	the	the	DET
gujaf-376	73	11	function	function	NOUN
gujaf-376	73	12	of	of	ADP
gujaf-376	73	13	institutional	institutional	ADJ
gujaf-376	73	14	investors	investor	NOUN
gujaf-376	73	15	with	with	ADP
gujaf-376	73	16	shareholder	shareholder	NOUN
gujaf-376	73	17	-	-	PUNCT
gujaf-376	73	18	oriented	orient	VERB
gujaf-376	73	19	agendas	agenda	NOUN
gujaf-376	73	20	in	in	ADP
gujaf-376	73	21	japan	japan	PROPN
gujaf-376	73	22	.	.	PUNCT
gujaf-376	74	1	the	the	DET
gujaf-376	74	2	topix	topix	PROPN
gujaf-376	74	3	500	500	NUM
gujaf-376	74	4	,	,	PUNCT
gujaf-376	74	5	a	a	DET
gujaf-376	74	6	list	list	NOUN
gujaf-376	74	7	of	of	ADP
gujaf-376	74	8	large	large	ADJ
gujaf-376	74	9	japanese	japanese	ADJ
gujaf-376	74	10	listed	list	VERB
gujaf-376	74	11	companies	company	NOUN
gujaf-376	74	12	,	,	PUNCT
gujaf-376	74	13	was	be	AUX
gujaf-376	74	14	used	use	VERB
gujaf-376	74	15	as	as	ADP
gujaf-376	74	16	the	the	DET
gujaf-376	74	17	study	study	NOUN
gujaf-376	74	18	's	's	PART
gujaf-376	74	19	sample	sample	NOUN
gujaf-376	74	20	from	from	ADP
gujaf-376	74	21	2010	2010	NUM
gujaf-376	74	22	to	to	ADP
gujaf-376	74	23	2016	2016	NUM
gujaf-376	74	24	to	to	PART
gujaf-376	74	25	assess	assess	VERB
gujaf-376	74	26	the	the	DET
gujaf-376	74	27	role	role	NOUN
gujaf-376	74	28	of	of	ADP
gujaf-376	74	29	institutional	institutional	ADJ
gujaf-376	74	30	investors	investor	NOUN
gujaf-376	74	31	in	in	ADP
gujaf-376	74	32	stakeholder	stakeholder	NOUN
gujaf-376	74	33	-	-	PUNCT
gujaf-376	74	34	focused	focus	VERB
gujaf-376	74	35	corporate	corporate	ADJ
gujaf-376	74	36	governance	governance	NOUN
gujaf-376	74	37	,	,	PUNCT
gujaf-376	74	38	the	the	DET
gujaf-376	74	39	impact	impact	NOUN
gujaf-376	74	40	of	of	ADP
gujaf-376	74	41	institutional	institutional	ADJ
gujaf-376	74	42	investors	investor	NOUN
gujaf-376	74	43	on	on	ADP
gujaf-376	74	44	firm	firm	ADJ
gujaf-376	74	45	performance	performance	NOUN
gujaf-376	74	46	using	use	VERB
gujaf-376	74	47	2924	2924	NUM
gujaf-376	74	48	firm	firm	ADJ
gujaf-376	74	49	-	-	PUNCT
gujaf-376	74	50	year	year	NOUN
gujaf-376	74	51	observations	observation	NOUN
gujaf-376	74	52	.	.	PUNCT
gujaf-376	75	1	the	the	DET
gujaf-376	75	2	findings	finding	NOUN
gujaf-376	75	3	showed	show	VERB
gujaf-376	75	4	that	that	SCONJ
gujaf-376	75	5	institutional	institutional	ADJ
gujaf-376	75	6	shareholders	shareholder	NOUN
gujaf-376	75	7	,	,	PUNCT
gujaf-376	75	8	or	or	CCONJ
gujaf-376	75	9	foreign	foreign	ADJ
gujaf-376	75	10	shareholders	shareholder	NOUN
gujaf-376	75	11	,	,	PUNCT
gujaf-376	75	12	effectively	effectively	ADV
gujaf-376	75	13	perform	perform	VERB
gujaf-376	75	14	the	the	DET
gujaf-376	75	15	monitoring	monitoring	NOUN
gujaf-376	75	16	role	role	NOUN
gujaf-376	75	17	in	in	ADP
gujaf-376	75	18	japanese	japanese	ADJ
gujaf-376	75	19	firms	firm	NOUN
gujaf-376	75	20	.	.	PUNCT
gujaf-376	76	1	additionally	additionally	ADV
gujaf-376	76	2	,	,	PUNCT
gujaf-376	76	3	the	the	DET
gujaf-376	76	4	study	study	NOUN
gujaf-376	76	5	found	find	VERB
gujaf-376	76	6	that	that	SCONJ
gujaf-376	76	7	institutional	institutional	ADJ
gujaf-376	76	8	shareholders	shareholder	NOUN
gujaf-376	76	9	contribute	contribute	VERB
gujaf-376	76	10	to	to	ADP
gujaf-376	76	11	building	build	VERB
gujaf-376	76	12	sustainable	sustainable	ADJ
gujaf-376	76	13	corporate	corporate	ADJ
gujaf-376	76	14	governance	governance	NOUN
gujaf-376	76	15	systems	system	NOUN
gujaf-376	76	16	and	and	CCONJ
gujaf-376	76	17	improving	improve	VERB
gujaf-376	76	18	sustainable	sustainable	ADJ
gujaf-376	76	19	business	business	NOUN
gujaf-376	76	20	performance	performance	NOUN
gujaf-376	76	21	in	in	ADP
gujaf-376	76	22	a	a	DET
gujaf-376	76	23	stakeholderoriented	stakeholderoriente	VERB
gujaf-376	76	24	framework	framework	NOUN
gujaf-376	76	25	.	.	PUNCT
gujaf-376	77	1	indy	indy	PROPN
gujaf-376	77	2	and	and	CCONJ
gujaf-376	77	3	uzliawati	uzliawati	PROPN
gujaf-376	77	4	(	(	PUNCT
gujaf-376	77	5	2023	2023	NUM
gujaf-376	77	6	)	)	PUNCT
gujaf-376	77	7	conducted	conduct	VERB
gujaf-376	77	8	an	an	DET
gujaf-376	77	9	analysis	analysis	NOUN
gujaf-376	77	10	on	on	ADP
gujaf-376	77	11	the	the	DET
gujaf-376	77	12	impact	impact	NOUN
gujaf-376	77	13	of	of	ADP
gujaf-376	77	14	managerial	managerial	ADJ
gujaf-376	77	15	ownership	ownership	NOUN
gujaf-376	77	16	,	,	PUNCT
gujaf-376	77	17	intellectual	intellectual	ADJ
gujaf-376	77	18	capital	capital	NOUN
gujaf-376	77	19	,	,	PUNCT
gujaf-376	77	20	and	and	CCONJ
gujaf-376	77	21	profitability	profitability	NOUN
gujaf-376	77	22	on	on	ADP
gujaf-376	77	23	firm	firm	ADJ
gujaf-376	77	24	value	value	NOUN
gujaf-376	77	25	within	within	ADP
gujaf-376	77	26	the	the	DET
gujaf-376	77	27	banking	banking	NOUN
gujaf-376	77	28	sector	sector	NOUN
gujaf-376	77	29	.	.	PUNCT
gujaf-376	78	1	the	the	DET
gujaf-376	78	2	study	study	NOUN
gujaf-376	78	3	focused	focus	VERB
gujaf-376	78	4	on	on	ADP
gujaf-376	78	5	the	the	DET
gujaf-376	78	6	population	population	NOUN
gujaf-376	78	7	of	of	ADP
gujaf-376	78	8	banking	banking	NOUN
gujaf-376	78	9	institutions	institution	NOUN
gujaf-376	78	10	listed	list	VERB
gujaf-376	78	11	on	on	ADP
gujaf-376	78	12	the	the	DET
gujaf-376	78	13	indonesia	indonesia	PROPN
gujaf-376	78	14	stock	stock	PROPN
gujaf-376	78	15	exchange	exchange	NOUN
gujaf-376	78	16	between	between	ADP
gujaf-376	78	17	the	the	DET
gujaf-376	78	18	years	year	NOUN
gujaf-376	78	19	2017	2017	NUM
gujaf-376	78	20	and	and	CCONJ
gujaf-376	78	21	2021	2021	NUM
gujaf-376	78	22	.	.	PUNCT
gujaf-376	79	1	the	the	DET
gujaf-376	79	2	study	study	NOUN
gujaf-376	79	3	employed	employ	VERB
gujaf-376	79	4	a	a	DET
gujaf-376	79	5	purposive	purposive	ADJ
gujaf-376	79	6	sampling	sampling	NOUN
gujaf-376	79	7	technique	technique	NOUN
gujaf-376	79	8	to	to	PART
gujaf-376	79	9	select	select	VERB
gujaf-376	79	10	the	the	DET
gujaf-376	79	11	sample	sample	NOUN
gujaf-376	79	12	for	for	ADP
gujaf-376	79	13	their	their	PRON
gujaf-376	79	14	study	study	NOUN
gujaf-376	79	15	.	.	PUNCT
gujaf-376	80	1	the	the	DET
gujaf-376	80	2	findings	finding	NOUN
gujaf-376	80	3	indicated	indicate	VERB
gujaf-376	80	4	that	that	SCONJ
gujaf-376	80	5	there	there	PRON
gujaf-376	80	6	is	be	VERB
gujaf-376	80	7	no	no	DET
gujaf-376	80	8	significant	significant	ADJ
gujaf-376	80	9	relationship	relationship	NOUN
gujaf-376	80	10	between	between	ADP
gujaf-376	80	11	managerial	managerial	ADJ
gujaf-376	80	12	ownership	ownership	NOUN
gujaf-376	80	13	and	and	CCONJ
gujaf-376	80	14	intellectual	intellectual	ADJ
gujaf-376	80	15	capital	capital	NOUN
gujaf-376	80	16	on	on	ADP
gujaf-376	80	17	business	business	NOUN
gujaf-376	80	18	value	value	NOUN
gujaf-376	80	19	.	.	PUNCT
gujaf-376	81	1	however	however	ADV
gujaf-376	81	2	,	,	PUNCT
gujaf-376	81	3	profitability	profitability	NOUN
gujaf-376	81	4	does	do	AUX
gujaf-376	81	5	have	have	VERB
gujaf-376	81	6	a	a	DET
gujaf-376	81	7	significant	significant	ADJ
gujaf-376	81	8	impact	impact	NOUN
gujaf-376	81	9	on	on	ADP
gujaf-376	81	10	firm	firm	ADJ
gujaf-376	81	11	value	value	NOUN
gujaf-376	81	12	.	.	PUNCT
gujaf-376	82	1	the	the	DET
gujaf-376	82	2	simultaneous	simultaneous	ADJ
gujaf-376	82	3	and	and	CCONJ
gujaf-376	82	4	partial	partial	ADJ
gujaf-376	82	5	effects	effect	NOUN
gujaf-376	82	6	of	of	ADP
gujaf-376	82	7	managerial	managerial	ADJ
gujaf-376	82	8	ownership	ownership	NOUN
gujaf-376	82	9	,	,	PUNCT
gujaf-376	82	10	intellectual	intellectual	ADJ
gujaf-376	82	11	capital	capital	NOUN
gujaf-376	82	12	,	,	PUNCT
gujaf-376	82	13	and	and	CCONJ
gujaf-376	82	14	profitability	profitability	NOUN
gujaf-376	82	15	on	on	ADP
gujaf-376	82	16	business	business	NOUN
gujaf-376	82	17	value	value	NOUN
gujaf-376	82	18	are	be	AUX
gujaf-376	82	19	examined	examine	VERB
gujaf-376	82	20	by	by	ADP
gujaf-376	82	21	leny	leny	NOUN
gujaf-376	82	22	and	and	CCONJ
gujaf-376	82	23	nurul	nurul	NOUN
gujaf-376	82	24	(	(	PUNCT
gujaf-376	82	25	2023	2023	NUM
gujaf-376	82	26	)	)	PUNCT
gujaf-376	82	27	.	.	PUNCT
gujaf-376	83	1	the	the	DET
gujaf-376	83	2	non	non	ADJ
gujaf-376	83	3	-	-	ADJ
gujaf-376	83	4	cyclical	cyclical	ADJ
gujaf-376	83	5	consumer	consumer	NOUN
gujaf-376	83	6	firms	firm	NOUN
gujaf-376	83	7	sector	sector	NOUN
gujaf-376	83	8	listed	list	VERB
gujaf-376	83	9	on	on	ADP
gujaf-376	83	10	the	the	DET
gujaf-376	83	11	indonesia	indonesia	PROPN
gujaf-376	83	12	stock	stock	PROPN
gujaf-376	83	13	exchange	exchange	PROPN
gujaf-376	83	14	(	(	PUNCT
gujaf-376	83	15	idx	idx	PROPN
gujaf-376	83	16	)	)	PUNCT
gujaf-376	83	17	in	in	ADP
gujaf-376	83	18	the	the	DET
gujaf-376	83	19	years	year	NOUN
gujaf-376	83	20	2018	2018	NUM
gujaf-376	83	21	to	to	ADP
gujaf-376	83	22	2021	2021	NUM
gujaf-376	83	23	serves	serve	VERB
gujaf-376	83	24	as	as	ADP
gujaf-376	83	25	the	the	DET
gujaf-376	83	26	study	study	NOUN
gujaf-376	83	27	's	's	PART
gujaf-376	83	28	sample	sample	NOUN
gujaf-376	83	29	.	.	PUNCT
gujaf-376	84	1	purposive	purposive	ADJ
gujaf-376	84	2	sampling	sampling	NOUN
gujaf-376	84	3	was	be	AUX
gujaf-376	84	4	employed	employ	VERB
gujaf-376	84	5	,	,	PUNCT
gujaf-376	84	6	resulting	result	VERB
gujaf-376	84	7	in	in	ADP
gujaf-376	84	8	76	76	NUM
gujaf-376	84	9	samples	sample	NOUN
gujaf-376	84	10	from	from	ADP
gujaf-376	84	11	23	23	NUM
gujaf-376	84	12	enterprises	enterprise	NOUN
gujaf-376	84	13	in	in	ADP
gujaf-376	84	14	the	the	DET
gujaf-376	84	15	consumer	consumer	NOUN
gujaf-376	84	16	non	non	ADJ
gujaf-376	84	17	-	-	ADJ
gujaf-376	84	18	cyclical	cyclical	ADJ
gujaf-376	84	19	category	category	NOUN
gujaf-376	84	20	.	.	PUNCT
gujaf-376	85	1	panel	panel	NOUN
gujaf-376	85	2	data	data	PROPN
gujaf-376	85	3	regression	regression	NOUN
gujaf-376	85	4	analysis	analysis	NOUN
gujaf-376	85	5	was	be	AUX
gujaf-376	85	6	used	use	VERB
gujaf-376	85	7	and	and	CCONJ
gujaf-376	85	8	the	the	DET
gujaf-376	85	9	findings	finding	NOUN
gujaf-376	85	10	demonstrated	demonstrate	VERB
gujaf-376	85	11	that	that	SCONJ
gujaf-376	85	12	management	management	NOUN
gujaf-376	85	13	ownership	ownership	NOUN
gujaf-376	85	14	,	,	PUNCT
gujaf-376	85	15	intellectual	intellectual	ADJ
gujaf-376	85	16	capital	capital	NOUN
gujaf-376	85	17	,	,	PUNCT
gujaf-376	85	18	and	and	CCONJ
gujaf-376	85	19	profitability	profitability	NOUN
gujaf-376	85	20	all	all	DET
gujaf-376	85	21	gusau	gusau	ADJ
gujaf-376	85	22	journal	journal	NOUN
gujaf-376	85	23	of	of	ADP
gujaf-376	85	24	accounting	accounting	NOUN
gujaf-376	85	25	and	and	CCONJ
gujaf-376	85	26	finance	finance	NOUN
gujaf-376	85	27	,	,	PUNCT
gujaf-376	85	28	vol.6	vol.6	PROPN
gujaf-376	85	29	,	,	PUNCT
gujaf-376	85	30	issue	issue	NOUN
gujaf-376	85	31	1	1	NUM
gujaf-376	85	32	,	,	PUNCT
gujaf-376	85	33	april	april	PROPN
gujaf-376	85	34	,	,	PUNCT
gujaf-376	85	35	2025	2025	NUM
gujaf-376	85	36	157	157	NUM
gujaf-376	85	37	simultaneously	simultaneously	ADV
gujaf-376	85	38	and	and	CCONJ
gujaf-376	85	39	somewhat	somewhat	ADV
gujaf-376	85	40	affect	affect	VERB
gujaf-376	85	41	firm	firm	ADJ
gujaf-376	85	42	value	value	NOUN
gujaf-376	85	43	.	.	PUNCT
gujaf-376	86	1	this	this	PRON
gujaf-376	86	2	shows	show	VERB
gujaf-376	86	3	that	that	SCONJ
gujaf-376	86	4	the	the	DET
gujaf-376	86	5	business	business	NOUN
gujaf-376	86	6	requires	require	VERB
gujaf-376	86	7	competent	competent	ADJ
gujaf-376	86	8	management	management	NOUN
gujaf-376	86	9	that	that	PRON
gujaf-376	86	10	is	be	AUX
gujaf-376	86	11	directed	direct	VERB
gujaf-376	86	12	by	by	ADP
gujaf-376	86	13	the	the	DET
gujaf-376	86	14	variables	variable	NOUN
gujaf-376	86	15	that	that	PRON
gujaf-376	86	16	influence	influence	VERB
gujaf-376	86	17	its	its	PRON
gujaf-376	86	18	value	value	NOUN
gujaf-376	86	19	.	.	PUNCT
gujaf-376	87	1	balogun	balogun	PROPN
gujaf-376	87	2	,	,	PUNCT
gujaf-376	87	3	et	et	PROPN
gujaf-376	87	4	al	al	PROPN
gujaf-376	87	5	.	.	PROPN
gujaf-376	87	6	,	,	PUNCT
gujaf-376	87	7	(	(	PUNCT
gujaf-376	87	8	2023	2023	NUM
gujaf-376	87	9	)	)	PUNCT
gujaf-376	87	10	investigated	investigate	VERB
gujaf-376	87	11	the	the	DET
gujaf-376	87	12	impact	impact	NOUN
gujaf-376	87	13	of	of	ADP
gujaf-376	87	14	institutional	institutional	ADJ
gujaf-376	87	15	ownership	ownership	NOUN
gujaf-376	87	16	on	on	ADP
gujaf-376	87	17	the	the	DET
gujaf-376	87	18	firm	firm	ADJ
gujaf-376	87	19	value	value	NOUN
gujaf-376	87	20	of	of	ADP
gujaf-376	87	21	listed	list	VERB
gujaf-376	87	22	manufacturing	manufacturing	NOUN
gujaf-376	87	23	companies	company	NOUN
gujaf-376	87	24	in	in	ADP
gujaf-376	87	25	nigeria	nigeria	PROPN
gujaf-376	87	26	using	use	VERB
gujaf-376	87	27	dividend	dividend	NOUN
gujaf-376	87	28	distribution	distribution	NOUN
gujaf-376	87	29	as	as	ADP
gujaf-376	87	30	moderating	moderate	VERB
gujaf-376	87	31	variable	variable	NOUN
gujaf-376	87	32	.	.	PUNCT
gujaf-376	88	1	for	for	ADP
gujaf-376	88	2	a	a	DET
gujaf-376	88	3	period	period	NOUN
gujaf-376	88	4	of	of	ADP
gujaf-376	88	5	2010	2010	NUM
gujaf-376	88	6	to	to	ADP
gujaf-376	88	7	2021	2021	NUM
gujaf-376	88	8	,	,	PUNCT
gujaf-376	88	9	secondary	secondary	ADJ
gujaf-376	88	10	data	datum	NOUN
gujaf-376	88	11	from	from	ADP
gujaf-376	88	12	financial	financial	ADJ
gujaf-376	88	13	reports	report	NOUN
gujaf-376	88	14	of	of	ADP
gujaf-376	88	15	35	35	NUM
gujaf-376	88	16	sampled	sample	VERB
gujaf-376	88	17	listed	list	VERB
gujaf-376	88	18	manufacturing	manufacturing	NOUN
gujaf-376	88	19	companies	company	NOUN
gujaf-376	88	20	were	be	AUX
gujaf-376	88	21	analysed	analyse	VERB
gujaf-376	88	22	and	and	CCONJ
gujaf-376	88	23	the	the	DET
gujaf-376	88	24	findings	finding	NOUN
gujaf-376	88	25	demonstrated	demonstrate	VERB
gujaf-376	88	26	that	that	SCONJ
gujaf-376	88	27	the	the	DET
gujaf-376	88	28	value	value	NOUN
gujaf-376	88	29	of	of	ADP
gujaf-376	88	30	enterprises	enterprise	NOUN
gujaf-376	88	31	was	be	AUX
gujaf-376	88	32	not	not	PART
gujaf-376	88	33	significantly	significantly	ADV
gujaf-376	88	34	impacted	impact	VERB
gujaf-376	88	35	by	by	ADP
gujaf-376	88	36	institutional	institutional	ADJ
gujaf-376	88	37	ownership	ownership	NOUN
gujaf-376	88	38	;	;	PUNCT
gujaf-376	88	39	institutional	institutional	ADJ
gujaf-376	88	40	ownership	ownership	NOUN
gujaf-376	88	41	and	and	CCONJ
gujaf-376	88	42	dividend	dividend	NOUN
gujaf-376	88	43	payout	payout	NOUN
gujaf-376	88	44	together	together	ADV
gujaf-376	88	45	have	have	VERB
gujaf-376	88	46	a	a	DET
gujaf-376	88	47	moderating	moderate	VERB
gujaf-376	88	48	effect	effect	NOUN
gujaf-376	88	49	on	on	ADP
gujaf-376	88	50	business	business	NOUN
gujaf-376	88	51	valuation	valuation	NOUN
gujaf-376	88	52	and	and	CCONJ
gujaf-376	88	53	the	the	DET
gujaf-376	88	54	amount	amount	NOUN
gujaf-376	88	55	of	of	ADP
gujaf-376	88	56	institutional	institutional	ADJ
gujaf-376	88	57	ownership	ownership	NOUN
gujaf-376	88	58	in	in	ADP
gujaf-376	88	59	listed	list	VERB
gujaf-376	88	60	manufacturing	manufacturing	NOUN
gujaf-376	88	61	businesses	business	NOUN
gujaf-376	88	62	in	in	ADP
gujaf-376	88	63	nigeria	nigeria	PROPN
gujaf-376	88	64	depends	depend	VERB
gujaf-376	88	65	on	on	ADP
gujaf-376	88	66	the	the	DET
gujaf-376	88	67	dividend	dividend	NOUN
gujaf-376	88	68	payments	payment	NOUN
gujaf-376	88	69	made	make	VERB
gujaf-376	88	70	to	to	ADP
gujaf-376	88	71	shareholders	shareholder	NOUN
gujaf-376	88	72	.	.	PUNCT
gujaf-376	89	1	suwandi	suwandi	NOUN
gujaf-376	89	2	and	and	CCONJ
gujaf-376	89	3	susilawati	susilawati	PROPN
gujaf-376	89	4	(	(	PUNCT
gujaf-376	89	5	2023	2023	NUM
gujaf-376	89	6	)	)	PUNCT
gujaf-376	89	7	explored	explore	VERB
gujaf-376	89	8	how	how	SCONJ
gujaf-376	89	9	managerial	managerial	ADJ
gujaf-376	89	10	ownership	ownership	NOUN
gujaf-376	89	11	,	,	PUNCT
gujaf-376	89	12	intellectual	intellectual	ADJ
gujaf-376	89	13	capital	capital	NOUN
gujaf-376	89	14	,	,	PUNCT
gujaf-376	89	15	and	and	CCONJ
gujaf-376	89	16	company	company	NOUN
gujaf-376	89	17	performance	performance	NOUN
gujaf-376	89	18	affect	affect	VERB
gujaf-376	89	19	firm	firm	ADJ
gujaf-376	89	20	value	value	NOUN
gujaf-376	89	21	using	use	VERB
gujaf-376	89	22	company	company	NOUN
gujaf-376	89	23	performance	performance	NOUN
gujaf-376	89	24	as	as	ADP
gujaf-376	89	25	the	the	DET
gujaf-376	89	26	mediating	mediate	VERB
gujaf-376	89	27	variable	variable	NOUN
gujaf-376	89	28	.	.	PUNCT
gujaf-376	90	1	the	the	DET
gujaf-376	90	2	study	study	NOUN
gujaf-376	90	3	population	population	NOUN
gujaf-376	90	4	is	be	AUX
gujaf-376	90	5	made	make	VERB
gujaf-376	90	6	up	up	ADP
gujaf-376	90	7	of	of	ADP
gujaf-376	90	8	47	47	NUM
gujaf-376	90	9	mining	mining	NOUN
gujaf-376	90	10	companies	company	NOUN
gujaf-376	90	11	listed	list	VERB
gujaf-376	90	12	on	on	ADP
gujaf-376	90	13	the	the	DET
gujaf-376	90	14	idx	idx	NOUN
gujaf-376	90	15	between	between	ADP
gujaf-376	90	16	2017	2017	NUM
gujaf-376	90	17	and	and	CCONJ
gujaf-376	90	18	2021	2021	NUM
gujaf-376	90	19	using	use	VERB
gujaf-376	90	20	purposive	purposive	ADJ
gujaf-376	90	21	sampling	sample	VERB
gujaf-376	90	22	technique	technique	NOUN
gujaf-376	90	23	.	.	PUNCT
gujaf-376	91	1	36	36	NUM
gujaf-376	91	2	mining	mining	NOUN
gujaf-376	91	3	companies	company	NOUN
gujaf-376	91	4	were	be	AUX
gujaf-376	91	5	sampled	sample	VERB
gujaf-376	91	6	and	and	CCONJ
gujaf-376	91	7	the	the	DET
gujaf-376	91	8	analysis	analysis	NOUN
gujaf-376	91	9	revealed	reveal	VERB
gujaf-376	91	10	that	that	SCONJ
gujaf-376	91	11	the	the	DET
gujaf-376	91	12	value	value	NOUN
gujaf-376	91	13	of	of	ADP
gujaf-376	91	14	a	a	DET
gujaf-376	91	15	corporation	corporation	NOUN
gujaf-376	91	16	is	be	AUX
gujaf-376	91	17	not	not	PART
gujaf-376	91	18	impacted	impact	VERB
gujaf-376	91	19	by	by	ADP
gujaf-376	91	20	intellectual	intellectual	ADJ
gujaf-376	91	21	capital	capital	NOUN
gujaf-376	91	22	.	.	PUNCT
gujaf-376	92	1	performance	performance	NOUN
gujaf-376	92	2	differences	difference	NOUN
gujaf-376	92	3	have	have	VERB
gujaf-376	92	4	little	little	ADJ
gujaf-376	92	5	impact	impact	NOUN
gujaf-376	92	6	on	on	ADP
gujaf-376	92	7	a	a	DET
gujaf-376	92	8	company	company	NOUN
gujaf-376	92	9	's	's	PART
gujaf-376	92	10	worth	worth	NOUN
gujaf-376	92	11	.	.	PUNCT
gujaf-376	93	1	business	business	NOUN
gujaf-376	93	2	performance	performance	NOUN
gujaf-376	93	3	is	be	AUX
gujaf-376	93	4	significantly	significantly	ADV
gujaf-376	93	5	and	and	CCONJ
gujaf-376	93	6	profitably	profitably	ADV
gujaf-376	93	7	influenced	influence	VERB
gujaf-376	93	8	by	by	ADP
gujaf-376	93	9	managerial	managerial	ADJ
gujaf-376	93	10	ownership	ownership	NOUN
gujaf-376	93	11	characteristics	characteristic	NOUN
gujaf-376	93	12	.	.	PUNCT
gujaf-376	94	1	corporate	corporate	ADJ
gujaf-376	94	2	social	social	ADJ
gujaf-376	94	3	responsibility	responsibility	NOUN
gujaf-376	94	4	and	and	CCONJ
gujaf-376	94	5	corporate	corporate	ADJ
gujaf-376	94	6	values	value	NOUN
gujaf-376	94	7	can	can	AUX
gujaf-376	94	8	be	be	AUX
gujaf-376	94	9	connected	connect	VERB
gujaf-376	94	10	using	use	VERB
gujaf-376	94	11	business	business	NOUN
gujaf-376	94	12	performance	performance	NOUN
gujaf-376	94	13	metrics	metric	NOUN
gujaf-376	94	14	.	.	PUNCT
gujaf-376	95	1	conceptual	conceptual	ADJ
gujaf-376	95	2	framework	framework	NOUN
gujaf-376	95	3	independent	independent	ADJ
gujaf-376	95	4	variables	variable	NOUN
gujaf-376	95	5	dependent	dependent	ADJ
gujaf-376	95	6	variables	variable	NOUN
gujaf-376	95	7	source	source	NOUN
gujaf-376	95	8	:	:	PUNCT
gujaf-376	95	9	author	author	NOUN
gujaf-376	95	10	’s	’s	PART
gujaf-376	95	11	conceptualization	conceptualization	NOUN
gujaf-376	95	12	3.0	3.0	NUM
gujaf-376	95	13	methodology	methodology	NOUN
gujaf-376	95	14	the	the	DET
gujaf-376	95	15	study	study	NOUN
gujaf-376	95	16	employs	employ	VERB
gujaf-376	95	17	a	a	DET
gujaf-376	95	18	longitudinal	longitudinal	ADJ
gujaf-376	95	19	research	research	NOUN
gujaf-376	95	20	design	design	NOUN
gujaf-376	95	21	because	because	SCONJ
gujaf-376	95	22	its	its	PRON
gujaf-376	95	23	main	main	ADJ
gujaf-376	95	24	purpose	purpose	NOUN
gujaf-376	95	25	is	be	AUX
gujaf-376	95	26	to	to	PART
gujaf-376	95	27	answer	answer	VERB
gujaf-376	95	28	the	the	DET
gujaf-376	95	29	research	research	NOUN
gujaf-376	95	30	questions	question	NOUN
gujaf-376	95	31	about	about	ADP
gujaf-376	95	32	ownership	ownership	NOUN
gujaf-376	95	33	attributes	attribute	NOUN
gujaf-376	95	34	and	and	CCONJ
gujaf-376	95	35	their	their	PRON
gujaf-376	95	36	impact	impact	NOUN
gujaf-376	95	37	on	on	ADP
gujaf-376	95	38	nigerian	nigerian	PROPN
gujaf-376	95	39	listed	list	VERB
gujaf-376	95	40	non	non	ADJ
gujaf-376	95	41	-	-	ADJ
gujaf-376	95	42	financial	financial	ADJ
gujaf-376	95	43	firm	firm	ADJ
gujaf-376	95	44	value	value	NOUN
gujaf-376	95	45	.	.	PUNCT
gujaf-376	96	1	the	the	DET
gujaf-376	96	2	research	research	NOUN
gujaf-376	96	3	target	target	NOUN
gujaf-376	96	4	includes	include	VERB
gujaf-376	96	5	104	104	NUM
gujaf-376	96	6	non	non	ADJ
gujaf-376	96	7	-	-	ADJ
gujaf-376	96	8	financial	financial	ADJ
gujaf-376	96	9	companies	company	NOUN
gujaf-376	96	10	registered	register	VERB
gujaf-376	96	11	on	on	ADP
gujaf-376	96	12	the	the	DET
gujaf-376	96	13	nigerian	nigerian	ADJ
gujaf-376	96	14	exchange	exchange	NOUN
gujaf-376	96	15	group	group	NOUN
gujaf-376	96	16	.	.	PUNCT
gujaf-376	97	1	this	this	DET
gujaf-376	97	2	study	study	NOUN
gujaf-376	97	3	adopted	adopt	VERB
gujaf-376	97	4	taro	taro	NOUN
gujaf-376	97	5	yamane	yamane	NOUN
gujaf-376	97	6	’s	’s	PART
gujaf-376	97	7	(	(	PUNCT
gujaf-376	97	8	1967	1967	NUM
gujaf-376	97	9	)	)	PUNCT
gujaf-376	97	10	sample	sample	NOUN
gujaf-376	97	11	size	size	NOUN
gujaf-376	97	12	technique	technique	NOUN
gujaf-376	97	13	for	for	ADP
gujaf-376	97	14	managerial	managerial	ADJ
gujaf-376	97	15	ownership	ownership	NOUN
gujaf-376	97	16	institutional	institutional	ADJ
gujaf-376	97	17	ownership	ownership	NOUN
gujaf-376	97	18	foreign	foreign	ADJ
gujaf-376	97	19	ownership	ownership	NOUN
gujaf-376	97	20	ownership	ownership	NOUN
gujaf-376	97	21	concentration	concentration	NOUN
gujaf-376	97	22	firm	firm	NOUN
gujaf-376	97	23	value	value	NOUN
gujaf-376	97	24	gusau	gusau	ADJ
gujaf-376	97	25	journal	journal	NOUN
gujaf-376	97	26	of	of	ADP
gujaf-376	97	27	accounting	accounting	NOUN
gujaf-376	97	28	and	and	CCONJ
gujaf-376	97	29	finance	finance	NOUN
gujaf-376	97	30	,	,	PUNCT
gujaf-376	97	31	vol.6	vol.6	PROPN
gujaf-376	97	32	,	,	PUNCT
gujaf-376	97	33	issue	issue	NOUN
gujaf-376	97	34	1	1	NUM
gujaf-376	97	35	,	,	PUNCT
gujaf-376	97	36	april	april	PROPN
gujaf-376	97	37	,	,	PUNCT
gujaf-376	97	38	2025	2025	NUM
gujaf-376	97	39	158	158	NUM
gujaf-376	97	40	determining	determine	VERB
gujaf-376	97	41	the	the	DET
gujaf-376	97	42	selected	select	VERB
gujaf-376	97	43	research	research	NOUN
gujaf-376	97	44	sample	sample	NOUN
gujaf-376	97	45	.	.	PUNCT
gujaf-376	98	1	eighty	eighty	NUM
gujaf-376	98	2	-	-	PUNCT
gujaf-376	98	3	four	four	NUM
gujaf-376	98	4	(	(	PUNCT
gujaf-376	98	5	84	84	NUM
gujaf-376	98	6	)	)	PUNCT
gujaf-376	98	7	public	public	ADJ
gujaf-376	98	8	firms	firm	NOUN
gujaf-376	98	9	from	from	ADP
gujaf-376	98	10	all	all	DET
gujaf-376	98	11	ten	ten	NUM
gujaf-376	98	12	nonfinancial	nonfinancial	ADJ
gujaf-376	98	13	economic	economic	ADJ
gujaf-376	98	14	sectors	sector	NOUN
gujaf-376	98	15	were	be	AUX
gujaf-376	98	16	chosen	choose	VERB
gujaf-376	98	17	for	for	ADP
gujaf-376	98	18	this	this	DET
gujaf-376	98	19	research	research	NOUN
gujaf-376	98	20	.	.	PUNCT
gujaf-376	99	1	the	the	DET
gujaf-376	99	2	stratified	stratified	ADJ
gujaf-376	99	3	sampling	sampling	NOUN
gujaf-376	99	4	technique	technique	NOUN
gujaf-376	99	5	enabled	enable	VERB
gujaf-376	99	6	the	the	DET
gujaf-376	99	7	selection	selection	NOUN
gujaf-376	99	8	of	of	ADP
gujaf-376	99	9	sampled	sample	VERB
gujaf-376	99	10	data	datum	NOUN
gujaf-376	99	11	that	that	PRON
gujaf-376	99	12	provided	provide	VERB
gujaf-376	99	13	thorough	thorough	ADJ
gujaf-376	99	14	representation	representation	NOUN
gujaf-376	99	15	while	while	SCONJ
gujaf-376	99	16	maintaining	maintain	VERB
gujaf-376	99	17	statistical	statistical	ADJ
gujaf-376	99	18	validity	validity	NOUN
gujaf-376	99	19	,	,	PUNCT
gujaf-376	99	20	operational	operational	ADJ
gujaf-376	99	21	efficiency	efficiency	NOUN
gujaf-376	99	22	,	,	PUNCT
gujaf-376	99	23	unbiased	unbiased	ADJ
gujaf-376	99	24	data	datum	NOUN
gujaf-376	99	25	collection	collection	NOUN
gujaf-376	99	26	while	while	SCONJ
gujaf-376	99	27	fulfilling	fulfil	VERB
gujaf-376	99	28	all	all	DET
gujaf-376	99	29	essential	essential	ADJ
gujaf-376	99	30	points	point	NOUN
gujaf-376	99	31	related	relate	VERB
gujaf-376	99	32	to	to	ADP
gujaf-376	99	33	this	this	DET
gujaf-376	99	34	study	study	NOUN
gujaf-376	99	35	's	's	PART
gujaf-376	99	36	purpose	purpose	NOUN
gujaf-376	99	37	.	.	PUNCT
gujaf-376	100	1	data	datum	NOUN
gujaf-376	100	2	concerning	concern	VERB
gujaf-376	100	3	the	the	DET
gujaf-376	100	4	ownership	ownership	NOUN
gujaf-376	100	5	attributes	attribute	NOUN
gujaf-376	100	6	and	and	CCONJ
gujaf-376	100	7	firm	firm	ADJ
gujaf-376	100	8	value	value	NOUN
gujaf-376	100	9	of	of	ADP
gujaf-376	100	10	the	the	DET
gujaf-376	100	11	studied	study	VERB
gujaf-376	100	12	listed	list	VERB
gujaf-376	100	13	non	non	ADJ
gujaf-376	100	14	-	-	ADJ
gujaf-376	100	15	financial	financial	ADJ
gujaf-376	100	16	companies	company	NOUN
gujaf-376	100	17	originated	originate	VERB
gujaf-376	100	18	from	from	ADP
gujaf-376	100	19	their	their	PRON
gujaf-376	100	20	annual	annual	ADJ
gujaf-376	100	21	reports	report	NOUN
gujaf-376	100	22	and	and	CCONJ
gujaf-376	100	23	additional	additional	ADJ
gujaf-376	100	24	specific	specific	ADJ
gujaf-376	100	25	data	datum	NOUN
gujaf-376	100	26	were	be	AUX
gujaf-376	100	27	extracted	extract	VERB
gujaf-376	100	28	from	from	ADP
gujaf-376	100	29	market	market	NOUN
gujaf-376	100	30	data	datum	NOUN
gujaf-376	100	31	platforms	platform	NOUN
gujaf-376	100	32	including	include	VERB
gujaf-376	100	33	wall	wall	PROPN
gujaf-376	100	34	street	street	PROPN
gujaf-376	100	35	journal	journal	PROPN
gujaf-376	100	36	and	and	CCONJ
gujaf-376	100	37	investing.com	investing.com	PROPN
gujaf-376	100	38	.	.	PUNCT
gujaf-376	101	1	the	the	DET
gujaf-376	101	2	business	business	NOUN
gujaf-376	101	3	cycle	cycle	NOUN
gujaf-376	101	4	from	from	ADP
gujaf-376	101	5	2011	2011	NUM
gujaf-376	101	6	to	to	ADP
gujaf-376	101	7	2023	2023	NUM
gujaf-376	101	8	serves	serve	VERB
gujaf-376	101	9	as	as	ADP
gujaf-376	101	10	the	the	DET
gujaf-376	101	11	reference	reference	NOUN
gujaf-376	101	12	point	point	NOUN
gujaf-376	101	13	for	for	ADP
gujaf-376	101	14	this	this	DET
gujaf-376	101	15	study	study	NOUN
gujaf-376	101	16	and	and	CCONJ
gujaf-376	101	17	the	the	DET
gujaf-376	101	18	data	datum	NOUN
gujaf-376	101	19	analysis	analysis	NOUN
gujaf-376	101	20	proceeded	proceed	VERB
gujaf-376	101	21	with	with	ADP
gujaf-376	101	22	panel	panel	NOUN
gujaf-376	101	23	generalized	generalize	VERB
gujaf-376	101	24	least	least	ADJ
gujaf-376	101	25	square	square	ADJ
gujaf-376	101	26	regression	regression	NOUN
gujaf-376	101	27	analysis	analysis	NOUN
gujaf-376	101	28	after	after	ADP
gujaf-376	101	29	preliminary	preliminary	ADJ
gujaf-376	101	30	evaluation	evaluation	NOUN
gujaf-376	101	31	.	.	PUNCT
gujaf-376	102	1	model	model	NOUN
gujaf-376	102	2	specification	specification	NOUN
gujaf-376	102	3	to	to	PART
gujaf-376	102	4	achieve	achieve	VERB
gujaf-376	102	5	the	the	DET
gujaf-376	102	6	study	study	NOUN
gujaf-376	102	7	’s	’s	PART
gujaf-376	102	8	objective	objective	NOUN
gujaf-376	102	9	,	,	PUNCT
gujaf-376	102	10	the	the	DET
gujaf-376	102	11	model	model	NOUN
gujaf-376	102	12	of	of	ADP
gujaf-376	102	13	uche	uche	PROPN
gujaf-376	102	14	,	,	PUNCT
gujaf-376	102	15	et	et	PROPN
gujaf-376	102	16	al	al	PROPN
gujaf-376	102	17	.	.	PROPN
gujaf-376	102	18	,	,	PUNCT
gujaf-376	102	19	(	(	PUNCT
gujaf-376	102	20	2021	2021	NUM
gujaf-376	102	21	)	)	PUNCT
gujaf-376	102	22	was	be	AUX
gujaf-376	102	23	adapted	adapt	VERB
gujaf-376	102	24	which	which	PRON
gujaf-376	102	25	investigated	investigate	VERB
gujaf-376	102	26	the	the	DET
gujaf-376	102	27	effect	effect	NOUN
gujaf-376	102	28	of	of	ADP
gujaf-376	102	29	ownership	ownership	NOUN
gujaf-376	102	30	structure	structure	NOUN
gujaf-376	102	31	on	on	ADP
gujaf-376	102	32	the	the	DET
gujaf-376	102	33	firm	firm	ADJ
gujaf-376	102	34	value	value	NOUN
gujaf-376	102	35	of	of	ADP
gujaf-376	102	36	listed	list	VERB
gujaf-376	102	37	oil	oil	NOUN
gujaf-376	102	38	and	and	CCONJ
gujaf-376	102	39	gas	gas	NOUN
gujaf-376	102	40	firms	firm	NOUN
gujaf-376	102	41	in	in	ADP
gujaf-376	102	42	nigeria	nigeria	PROPN
gujaf-376	102	43	and	and	CCONJ
gujaf-376	102	44	the	the	DET
gujaf-376	102	45	model	model	NOUN
gujaf-376	102	46	was	be	AUX
gujaf-376	102	47	stated	state	VERB
gujaf-376	102	48	as	as	ADP
gujaf-376	102	49	:	:	PUNCT
gujaf-376	102	50	𝑇𝑜𝑏𝑖𝑛𝑄𝑖𝑡	𝑇𝑜𝑏𝑖𝑛𝑄𝑖𝑡	PROPN
gujaf-376	102	51	=	=	SYM
gujaf-376	102	52	𝛽0	𝛽0	PROPN
gujaf-376	102	53	+	+	CCONJ
gujaf-376	102	54	𝛽1𝑀𝑎𝑛𝑂𝑤𝑛𝑖𝑡	𝛽1𝑀𝑎𝑛𝑂𝑤𝑛𝑖𝑡	NOUN
gujaf-376	102	55	+	+	CCONJ
gujaf-376	102	56	𝛽2𝐺𝑜𝑣𝑡𝑂𝑤𝑛𝑖𝑡	𝛽2𝐺𝑜𝑣𝑡𝑂𝑤𝑛𝑖𝑡	PROPN
gujaf-376	102	57	+	+	CCONJ
gujaf-376	102	58	𝛽3𝑂𝑤𝑛𝐶𝑜𝑛𝑖𝑡	𝛽3𝑂𝑤𝑛𝐶𝑜𝑛𝑖𝑡	NOUN
gujaf-376	102	59	+	+	CCONJ
gujaf-376	102	60	𝛽4𝐶𝐸𝑂𝑂𝑤𝑛𝑖𝑡	𝛽4𝐶𝐸𝑂𝑂𝑤𝑛𝑖𝑡	PROPN
gujaf-376	102	61	+	+	CCONJ
gujaf-376	102	62	𝛽5𝑆ℎ𝑎𝑟𝑒𝑝𝑟𝑖𝑐𝑒𝑖𝑡	𝛽5𝑆ℎ𝑎𝑟𝑒𝑝𝑟𝑖𝑐𝑒𝑖𝑡	NOUN
gujaf-376	102	63	+	+	CCONJ
gujaf-376	102	64	𝑒𝑖𝑡.	𝑒𝑖𝑡.	X
gujaf-376	102	65	…	…	PUNCT
gujaf-376	102	66	…	…	PUNCT
gujaf-376	102	67	…	…	PUNCT
gujaf-376	102	68	…	…	PUNCT
gujaf-376	102	69	…	…	PUNCT
gujaf-376	102	70	…	…	PUNCT
gujaf-376	102	71	…	…	PUNCT
gujaf-376	102	72	…	…	PUNCT
gujaf-376	102	73	…	…	PUNCT
gujaf-376	102	74	…	…	PUNCT
gujaf-376	102	75	…	…	PUNCT
gujaf-376	102	76	…	…	PUNCT
gujaf-376	102	77	…	…	PUNCT
gujaf-376	102	78	…	…	PUNCT
gujaf-376	102	79	…	…	PUNCT
gujaf-376	102	80	…	…	PUNCT
gujaf-376	102	81	…	…	PUNCT
gujaf-376	102	82	…	…	PUNCT
gujaf-376	102	83	…	…	PUNCT
gujaf-376	102	84	…	…	PUNCT
gujaf-376	102	85	…	…	PUNCT
gujaf-376	102	86	…	…	PUNCT
gujaf-376	102	87	(	(	PUNCT
gujaf-376	102	88	𝑖	𝑖	X
gujaf-376	102	89	)	)	PUNCT
gujaf-376	102	90	the	the	DET
gujaf-376	102	91	model	model	NOUN
gujaf-376	102	92	was	be	AUX
gujaf-376	102	93	adapted	adapt	VERB
gujaf-376	102	94	as	as	ADP
gujaf-376	102	95	:	:	PUNCT
gujaf-376	102	96	𝑇𝑜𝑏𝑖𝑛’𝑠𝑄𝑖𝑡	𝑇𝑜𝑏𝑖𝑛’𝑠𝑄𝑖𝑡	NOUN
gujaf-376	102	97	=	=	SYM
gujaf-376	102	98	𝛽0	𝛽0	ADJ
gujaf-376	102	99	+	+	CCONJ
gujaf-376	102	100	𝛽1	𝛽1	NOUN
gujaf-376	102	101	𝐹𝑂𝑖𝑡	𝐹𝑂𝑖𝑡	PUNCT
gujaf-376	102	102	+	+	CCONJ
gujaf-376	102	103	𝛽2	𝛽2	PROPN
gujaf-376	102	104	𝐼𝑂𝑖𝑡	𝐼𝑂𝑖𝑡	PROPN
gujaf-376	102	105	+	+	CCONJ
gujaf-376	102	106	𝛽3	𝛽3	PROPN
gujaf-376	102	107	𝑀𝑂𝑖𝑡	𝑀𝑂𝑖𝑡	PROPN
gujaf-376	102	108	+	+	CCONJ
gujaf-376	102	109	𝛽4	𝛽4	PROPN
gujaf-376	102	110	𝑂𝐶𝑖𝑡	𝑂𝐶𝑖𝑡	PROPN
gujaf-376	102	111	+	+	CCONJ
gujaf-376	102	112	𝜀𝑖𝑡	𝜀𝑖𝑡	VERB
gujaf-376	102	113	…	…	PUNCT
gujaf-376	102	114	…	…	PUNCT
gujaf-376	102	115	…	…	PUNCT
gujaf-376	102	116	…	…	PUNCT
gujaf-376	102	117	…	…	PUNCT
gujaf-376	102	118	…	…	PUNCT
gujaf-376	102	119	…	…	PUNCT
gujaf-376	102	120	(	(	PUNCT
gujaf-376	102	121	𝑖𝑖	𝑖𝑖	NOUN
gujaf-376	102	122	)	)	PUNCT
gujaf-376	102	123	where	where	SCONJ
gujaf-376	102	124	:	:	PUNCT
gujaf-376	102	125	tobin	tobin	PROPN
gujaf-376	102	126	’s	’s	PART
gujaf-376	102	127	qit	qit	PROPN
gujaf-376	102	128	=	=	PROPN
gujaf-376	102	129	tobin	tobin	PROPN
gujaf-376	102	130	’s	’s	PART
gujaf-376	102	131	q	q	NOUN
gujaf-376	102	132	value	value	NOUN
gujaf-376	102	133	of	of	ADP
gujaf-376	102	134	firm	firm	NOUN
gujaf-376	102	135	i	i	PRON
gujaf-376	102	136	at	at	ADP
gujaf-376	102	137	time	time	NOUN
gujaf-376	102	138	t	t	PROPN
gujaf-376	102	139	foit	foit	NOUN
gujaf-376	102	140	=	=	PUNCT
gujaf-376	102	141	foreign	foreign	ADJ
gujaf-376	102	142	ownership	ownership	NOUN
gujaf-376	102	143	of	of	ADP
gujaf-376	102	144	firm	firm	ADJ
gujaf-376	102	145	i	i	PRON
gujaf-376	102	146	at	at	ADP
gujaf-376	102	147	time	time	NOUN
gujaf-376	102	148	t	t	PROPN
gujaf-376	102	149	ioit	ioit	NOUN
gujaf-376	102	150	=	=	PUNCT
gujaf-376	102	151	institutional	institutional	ADJ
gujaf-376	102	152	ownership	ownership	NOUN
gujaf-376	102	153	n	n	PROPN
gujaf-376	102	154	of	of	ADP
gujaf-376	102	155	firm	firm	ADJ
gujaf-376	102	156	it	it	PRON
gujaf-376	102	157	at	at	ADP
gujaf-376	102	158	time	time	NOUN
gujaf-376	102	159	t	t	PROPN
gujaf-376	102	160	moit	moit	ADJ
gujaf-376	102	161	=	=	SYM
gujaf-376	102	162	managerial	managerial	ADJ
gujaf-376	102	163	ownership	ownership	NOUN
gujaf-376	102	164	of	of	ADP
gujaf-376	102	165	firm	firm	NOUN
gujaf-376	102	166	i	i	PRON
gujaf-376	102	167	at	at	ADP
gujaf-376	102	168	time	time	NOUN
gujaf-376	102	169	t	t	PROPN
gujaf-376	102	170	ocit	ocit	NOUN
gujaf-376	102	171	=	=	PUNCT
gujaf-376	102	172	ownership	ownership	NOUN
gujaf-376	102	173	concentration	concentration	NOUN
gujaf-376	102	174	of	of	ADP
gujaf-376	102	175	firm	firm	ADJ
gujaf-376	102	176	i	i	PRON
gujaf-376	102	177	at	at	ADP
gujaf-376	102	178	time	time	NOUN
gujaf-376	102	179	t	t	PROPN
gujaf-376	102	180	table	table	NOUN
gujaf-376	102	181	1	1	NUM
gujaf-376	102	182	:	:	PUNCT
gujaf-376	102	183	variable	variable	ADJ
gujaf-376	102	184	measurement	measurement	NOUN
gujaf-376	102	185	variables	variable	NOUN
gujaf-376	102	186	construc	construc	PROPN
gujaf-376	102	187	t	t	PROPN
gujaf-376	102	188	measurement	measurement	NOUN
gujaf-376	102	189	sources	source	NOUN
gujaf-376	102	190	aprior	aprior	NOUN
gujaf-376	102	191	i	i	PRON
gujaf-376	102	192	dependent	dependent	ADJ
gujaf-376	102	193	variable	variable	ADJ
gujaf-376	102	194	firm	firm	NOUN
gujaf-376	102	195	value	value	NOUN
gujaf-376	102	196	tobin	tobin	NOUN
gujaf-376	102	197	’s	’s	PART
gujaf-376	102	198	q	q	PROPN
gujaf-376	102	199	𝑀𝑎𝑟𝑘𝑒𝑡	𝑀𝑎𝑟𝑘𝑒𝑡	PROPN
gujaf-376	102	200	𝑣𝑎𝑙𝑢𝑒	𝑣𝑎𝑙𝑢𝑒	NOUN
gujaf-376	102	201	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	102	202	𝑒𝑞𝑢𝑖𝑡𝑦	𝑒𝑞𝑢𝑖𝑡𝑦	NOUN
gujaf-376	103	1	+	+	CCONJ
gujaf-376	103	2	𝐷𝑒𝑏𝑡	𝐷𝑒𝑏𝑡	PROPN
gujaf-376	103	3	𝐵𝑜𝑜𝑘	𝐵𝑜𝑜𝑘	PROPN
gujaf-376	103	4	𝑣𝑎𝑙𝑢𝑒	𝑣𝑎𝑙𝑢𝑒	NOUN
gujaf-376	103	5	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	103	6	𝑒𝑞𝑢𝑖𝑡𝑦	𝑒𝑞𝑢𝑖𝑡𝑦	NOUN
gujaf-376	103	7	+	+	X
gujaf-376	103	8	𝐷𝑒𝑏𝑡	𝐷𝑒𝑏𝑡	PROPN
gujaf-376	103	9	chabachib	chabachib	NOUN
gujaf-376	103	10	,	,	PUNCT
gujaf-376	103	11	et	et	PROPN
gujaf-376	103	12	al	al	PROPN
gujaf-376	103	13	.	.	PROPN
gujaf-376	103	14	,	,	PUNCT
gujaf-376	103	15	2020	2020	NUM
gujaf-376	103	16	;	;	PUNCT
gujaf-376	103	17	antoro	antoro	PROPN
gujaf-376	103	18	,	,	PUNCT
gujaf-376	103	19	et	et	PROPN
gujaf-376	103	20	al	al	PROPN
gujaf-376	103	21	.	.	PROPN
gujaf-376	103	22	,	,	PUNCT
gujaf-376	103	23	2020	2020	NUM
gujaf-376	103	24	;	;	PUNCT
gujaf-376	103	25	ownership	ownership	NOUN
gujaf-376	103	26	attributes	attribute	VERB
gujaf-376	103	27	foreign	foreign	ADJ
gujaf-376	103	28	ownership	ownership	NOUN
gujaf-376	103	29	fo	fo	ADP
gujaf-376	103	30	𝑇𝑜𝑡𝑎𝑙	𝑇𝑜𝑡𝑎𝑙	PROPN
gujaf-376	103	31	𝑠ℎ𝑎𝑟𝑒𝑠	𝑠ℎ𝑎𝑟𝑒𝑠	VERB
gujaf-376	103	32	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	103	33	𝐹𝑜𝑟𝑒𝑖𝑔𝑛	𝐹𝑜𝑟𝑒𝑖𝑔𝑛	PROPN
gujaf-376	103	34	𝑃𝑎𝑟𝑡𝑖𝑒𝑠	𝑃𝑎𝑟𝑡𝑖𝑒𝑠	PROPN
gujaf-376	103	35	𝑇𝑜𝑡𝑎𝑙	𝑇𝑜𝑡𝑎𝑙	PROPN
gujaf-376	103	36	𝑂𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	𝑂𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	PROPN
gujaf-376	103	37	𝑆ℎ𝑎𝑟𝑒𝑠	𝑆ℎ𝑎𝑟𝑒𝑠	PROPN
gujaf-376	103	38	sumarno	sumarno	NOUN
gujaf-376	103	39	&	&	CCONJ
gujaf-376	103	40	setiawan	setiawan	PROPN
gujaf-376	103	41	,	,	PUNCT
gujaf-376	103	42	2023	2023	NUM
gujaf-376	103	43	;	;	PUNCT
gujaf-376	103	44	budiman	budiman	NOUN
gujaf-376	103	45	&	&	CCONJ
gujaf-376	103	46	mahadwartha	mahadwartha	VERB
gujaf-376	104	1	+	+	CCONJ
gujaf-376	104	2	gusau	gusau	ADJ
gujaf-376	104	3	journal	journal	NOUN
gujaf-376	104	4	of	of	ADP
gujaf-376	104	5	accounting	accounting	NOUN
gujaf-376	104	6	and	and	CCONJ
gujaf-376	104	7	finance	finance	NOUN
gujaf-376	104	8	,	,	PUNCT
gujaf-376	104	9	vol.6	vol.6	PROPN
gujaf-376	104	10	,	,	PUNCT
gujaf-376	104	11	issue	issue	NOUN
gujaf-376	104	12	1	1	NUM
gujaf-376	104	13	,	,	PUNCT
gujaf-376	104	14	april	april	PROPN
gujaf-376	104	15	,	,	PUNCT
gujaf-376	104	16	2025	2025	NUM
gujaf-376	104	17	159	159	NUM
gujaf-376	104	18	,	,	PUNCT
gujaf-376	104	19	2023	2023	NUM
gujaf-376	104	20	;	;	PUNCT
gujaf-376	104	21	alexandria	alexandria	PROPN
gujaf-376	104	22	&	&	CCONJ
gujaf-376	104	23	radianto	radianto	PROPN
gujaf-376	104	24	,	,	PUNCT
gujaf-376	104	25	2023	2023	NUM
gujaf-376	104	26	institutional	institutional	ADJ
gujaf-376	104	27	ownership	ownership	NOUN
gujaf-376	105	1	io	io	X
gujaf-376	106	1	𝑁𝑜	𝑁𝑜	NOUN
gujaf-376	106	2	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	106	3	𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑎𝑙	𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑎𝑙	PROPN
gujaf-376	106	4	𝑜𝑤𝑛𝑒𝑑	𝑜𝑤𝑛𝑒𝑑	NOUN
gujaf-376	106	5	𝑠ℎ𝑎𝑟𝑒𝑠	𝑠ℎ𝑎𝑟𝑒𝑠	VERB
gujaf-376	106	6	𝐴𝑚𝑜𝑢𝑛𝑡	𝐴𝑚𝑜𝑢𝑛𝑡	PROPN
gujaf-376	106	7	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	106	8	𝑠ℎ𝑎𝑟𝑒	𝑠ℎ𝑎𝑟𝑒	PROPN
gujaf-376	106	9	𝑐𝑎𝑝𝑖𝑡𝑎𝑙	𝑐𝑎𝑝𝑖𝑡𝑎𝑙	PROPN
gujaf-376	106	10	𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	PROPN
gujaf-376	106	11	akmalia	akmalia	PROPN
gujaf-376	106	12	&	&	CCONJ
gujaf-376	106	13	aliya	aliya	NOUN
gujaf-376	106	14	,	,	PUNCT
gujaf-376	106	15	2022	2022	NUM
gujaf-376	106	16	;	;	PUNCT
gujaf-376	106	17	lifaldi	lifaldi	PROPN
gujaf-376	106	18	,	,	PUNCT
gujaf-376	106	19	et	et	PROPN
gujaf-376	106	20	al	al	PROPN
gujaf-376	106	21	.	.	PROPN
gujaf-376	106	22	,	,	PUNCT
gujaf-376	106	23	2023	2023	NUM
gujaf-376	106	24	;	;	PUNCT
gujaf-376	106	25	+	+	X
gujaf-376	106	26	managerial	managerial	ADJ
gujaf-376	106	27	ownership	ownership	NOUN
gujaf-376	106	28	mo	mo	NOUN
gujaf-376	106	29	𝑁𝑜	𝑁𝑜	NOUN
gujaf-376	106	30	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	106	31	𝑠ℎ𝑎𝑟𝑒𝑠	𝑠ℎ𝑎𝑟𝑒𝑠	NOUN
gujaf-376	106	32	𝑜𝑤𝑛𝑒𝑑	𝑜𝑤𝑛𝑒𝑑	NOUN
gujaf-376	106	33	𝑏𝑦	𝑏𝑦	NOUN
gujaf-376	106	34	𝐸𝐷	𝐸𝐷	PROPN
gujaf-376	106	35	𝐴𝑚𝑜𝑢𝑛𝑡	𝐴𝑚𝑜𝑢𝑛𝑡	PROPN
gujaf-376	106	36	𝑜𝑓	𝑜𝑓	ADP
gujaf-376	106	37	𝑠ℎ𝑎𝑟𝑒	𝑠ℎ𝑎𝑟𝑒	PROPN
gujaf-376	106	38	𝑐𝑎𝑝𝑖𝑡𝑎𝑙	𝑐𝑎𝑝𝑖𝑡𝑎𝑙	PROPN
gujaf-376	106	39	𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔	PROPN
gujaf-376	106	40	silalahia	silalahia	PROPN
gujaf-376	106	41	&	&	CCONJ
gujaf-376	106	42	lestari	lestari	PROPN
gujaf-376	106	43	,	,	PUNCT
gujaf-376	106	44	2023	2023	NUM
gujaf-376	106	45	;	;	PUNCT
gujaf-376	106	46	indriawati	indriawati	NOUN
gujaf-376	106	47	,	,	PUNCT
gujaf-376	106	48	et	et	PROPN
gujaf-376	106	49	al	al	PROPN
gujaf-376	106	50	.	.	PROPN
gujaf-376	106	51	,	,	PUNCT
gujaf-376	106	52	2023	2023	NUM
gujaf-376	106	53	;	;	PUNCT
gujaf-376	106	54	santoso	santoso	NOUN
gujaf-376	106	55	&	&	CCONJ
gujaf-376	106	56	nurhidayati	nurhidayati	PROPN
gujaf-376	106	57	,	,	PUNCT
gujaf-376	106	58	2022	2022	NUM
gujaf-376	106	59	;	;	PUNCT
gujaf-376	106	60	+	+	NUM
gujaf-376	106	61	ownership	ownership	NOUN
gujaf-376	106	62	concentratio	concentratio	NOUN
gujaf-376	106	63	n	n	CCONJ
gujaf-376	106	64	oc	oc	VERB
gujaf-376	106	65	5	5	NUM
gujaf-376	106	66	%	%	NOUN
gujaf-376	106	67	or	or	CCONJ
gujaf-376	106	68	more	more	ADJ
gujaf-376	106	69	shares	share	NOUN
gujaf-376	106	70	owned	own	VERB
gujaf-376	106	71	by	by	ADP
gujaf-376	106	72	block	block	NOUN
gujaf-376	106	73	shareholders	shareholder	NOUN
gujaf-376	106	74	in	in	ADP
gujaf-376	106	75	relation	relation	NOUN
gujaf-376	106	76	to	to	ADP
gujaf-376	106	77	the	the	DET
gujaf-376	106	78	total	total	ADJ
gujaf-376	106	79	number	number	NOUN
gujaf-376	106	80	of	of	ADP
gujaf-376	106	81	shares	share	NOUN
gujaf-376	106	82	in	in	ADP
gujaf-376	106	83	issue	issue	NOUN
gujaf-376	106	84	wulandari	wulandari	PROPN
gujaf-376	106	85	&	&	CCONJ
gujaf-376	106	86	setiawan	setiawan	PROPN
gujaf-376	106	87	,	,	PUNCT
gujaf-376	106	88	2021	2021	NUM
gujaf-376	106	89	;	;	PUNCT
gujaf-376	106	90	abdullah	abdullah	PROPN
gujaf-376	106	91	,	,	PUNCT
gujaf-376	106	92	et	et	PROPN
gujaf-376	106	93	al	al	PROPN
gujaf-376	106	94	.	.	PROPN
gujaf-376	106	95	,	,	PUNCT
gujaf-376	106	96	2019	2019	NUM
gujaf-376	106	97	;	;	PUNCT
gujaf-376	106	98	+	+	NUM
gujaf-376	106	99	source	source	NOUN
gujaf-376	106	100	:	:	PUNCT
gujaf-376	106	101	author	author	NOUN
gujaf-376	106	102	’s	’s	PART
gujaf-376	106	103	compilation	compilation	NOUN
gujaf-376	106	104	4.0	4.0	NUM
gujaf-376	106	105	results	result	NOUN
gujaf-376	106	106	and	and	CCONJ
gujaf-376	106	107	discussions	discussion	NOUN
gujaf-376	106	108	table	table	NOUN
gujaf-376	106	109	2	2	NUM
gujaf-376	106	110	:	:	PUNCT
gujaf-376	106	111	statistical	statistical	ADJ
gujaf-376	106	112	summary	summary	NOUN
gujaf-376	106	113	of	of	ADP
gujaf-376	106	114	the	the	DET
gujaf-376	106	115	variables	variable	NOUN
gujaf-376	106	116	variable	variable	ADJ
gujaf-376	106	117	obs	obs	NOUN
gujaf-376	106	118	mean	mean	VERB
gujaf-376	106	119	std	std	PROPN
gujaf-376	106	120	.	.	PROPN
gujaf-376	107	1	dev	dev	PROPN
gujaf-376	107	2	.	.	PUNCT
gujaf-376	108	1	min	min	PROPN
gujaf-376	108	2	max	max	PROPN
gujaf-376	108	3	tobinsq	tobinsq	PROPN
gujaf-376	108	4	1,092	1,092	NUM
gujaf-376	108	5	5.274086	5.274086	NUM
gujaf-376	108	6	7.04637	7.04637	NUM
gujaf-376	108	7	-3.9776	-3.9776	NOUN
gujaf-376	108	8	55.33112	55.33112	NUM
gujaf-376	108	9	foreign	foreign	ADJ
gujaf-376	108	10	1,092	1,092	NUM
gujaf-376	108	11	0.0174147	0.0174147	NUM
gujaf-376	108	12	0.01014	0.01014	NUM
gujaf-376	108	13	0.00132	0.00132	NUM
gujaf-376	108	14	0.061	0.061	NUM
gujaf-376	108	15	instititut	instititut	ADJ
gujaf-376	108	16	~	~	X
gujaf-376	108	17	l	l	NOUN
gujaf-376	108	18	1,092	1,092	NUM
gujaf-376	108	19	0.5097689	0.5097689	NUM
gujaf-376	108	20	0.10549	0.10549	NUM
gujaf-376	108	21	0.31098	0.31098	NUM
gujaf-376	108	22	0.77231	0.77231	NUM
gujaf-376	108	23	managerial	managerial	ADJ
gujaf-376	108	24	1,092	1,092	NUM
gujaf-376	108	25	0.0047258	0.0047258	NUM
gujaf-376	108	26	0.00602	0.00602	NUM
gujaf-376	108	27	0.000242	0.000242	NUM
gujaf-376	108	28	0.031426	0.031426	NUM
gujaf-376	108	29	concentrat	concentrat	NOUN
gujaf-376	108	30	~	~	SYM
gujaf-376	108	31	n	n	NOUN
gujaf-376	108	32	1,092	1,092	NUM
gujaf-376	108	33	0.5127366	0.5127366	NUM
gujaf-376	108	34	0.10632	0.10632	NUM
gujaf-376	108	35	0.31098	0.31098	NUM
gujaf-376	108	36	0.77321	0.77321	NUM
gujaf-376	108	37	source	source	NOUN
gujaf-376	108	38	:	:	PUNCT
gujaf-376	108	39	author	author	NOUN
gujaf-376	108	40	’s	’s	PART
gujaf-376	108	41	computation	computation	NOUN
gujaf-376	108	42	,	,	PUNCT
gujaf-376	108	43	2024	2024	NUM
gujaf-376	108	44	.	.	PUNCT
gujaf-376	109	1	the	the	DET
gujaf-376	109	2	summary	summary	NOUN
gujaf-376	109	3	statistics	statistic	NOUN
gujaf-376	109	4	results	result	VERB
gujaf-376	109	5	in	in	ADP
gujaf-376	109	6	table	table	NOUN
gujaf-376	109	7	2	2	NUM
gujaf-376	109	8	revealed	reveal	VERB
gujaf-376	109	9	that	that	SCONJ
gujaf-376	109	10	tobin	tobin	PROPN
gujaf-376	109	11	’s	’s	PART
gujaf-376	109	12	q	q	PROPN
gujaf-376	109	13	has	have	VERB
gujaf-376	109	14	a	a	DET
gujaf-376	109	15	mean	mean	ADJ
gujaf-376	109	16	value	value	NOUN
gujaf-376	109	17	of	of	ADP
gujaf-376	109	18	5.27	5.27	NUM
gujaf-376	109	19	,	,	PUNCT
gujaf-376	109	20	standard	standard	ADJ
gujaf-376	109	21	deviation	deviation	NOUN
gujaf-376	109	22	of	of	ADP
gujaf-376	109	23	7.05	7.05	NUM
gujaf-376	109	24	,	,	PUNCT
gujaf-376	109	25	minimum	minimum	ADJ
gujaf-376	109	26	value	value	NOUN
gujaf-376	109	27	of	of	ADP
gujaf-376	109	28	-3.98	-3.98	NUM
gujaf-376	109	29	and	and	CCONJ
gujaf-376	109	30	maximum	maximum	ADJ
gujaf-376	109	31	value	value	NOUN
gujaf-376	109	32	of	of	ADP
gujaf-376	109	33	55.33	55.33	NUM
gujaf-376	109	34	.	.	PUNCT
gujaf-376	110	1	since	since	SCONJ
gujaf-376	110	2	the	the	DET
gujaf-376	110	3	mean	mean	ADJ
gujaf-376	110	4	value	value	NOUN
gujaf-376	110	5	is	be	AUX
gujaf-376	110	6	higher	high	ADJ
gujaf-376	110	7	than	than	ADP
gujaf-376	110	8	1	1	NUM
gujaf-376	110	9	,	,	PUNCT
gujaf-376	110	10	this	this	PRON
gujaf-376	110	11	indicates	indicate	VERB
gujaf-376	110	12	that	that	SCONJ
gujaf-376	110	13	on	on	ADP
gujaf-376	110	14	average	average	ADJ
gujaf-376	110	15	,	,	PUNCT
gujaf-376	110	16	firms	firm	NOUN
gujaf-376	110	17	are	be	AUX
gujaf-376	110	18	valued	value	VERB
gujaf-376	110	19	higher	higher	ADV
gujaf-376	110	20	portraying	portray	VERB
gujaf-376	110	21	that	that	SCONJ
gujaf-376	110	22	the	the	DET
gujaf-376	110	23	listed	list	VERB
gujaf-376	110	24	non	non	ADJ
gujaf-376	110	25	-	-	ADJ
gujaf-376	110	26	financial	financial	ADJ
gujaf-376	110	27	firms	firm	NOUN
gujaf-376	110	28	have	have	VERB
gujaf-376	110	29	the	the	DET
gujaf-376	110	30	potential	potential	NOUN
gujaf-376	110	31	of	of	ADP
gujaf-376	110	32	strong	strong	ADJ
gujaf-376	110	33	growth	growth	NOUN
gujaf-376	110	34	prospects	prospect	NOUN
gujaf-376	110	35	,	,	PUNCT
gujaf-376	110	36	market	market	NOUN
gujaf-376	110	37	confidence	confidence	NOUN
gujaf-376	110	38	and	and	CCONJ
gujaf-376	110	39	competitive	competitive	ADJ
gujaf-376	110	40	advantage	advantage	NOUN
gujaf-376	110	41	.	.	PUNCT
gujaf-376	111	1	the	the	DET
gujaf-376	111	2	standard	standard	ADJ
gujaf-376	111	3	deviation	deviation	NOUN
gujaf-376	111	4	of	of	ADP
gujaf-376	111	5	7.05	7.05	NUM
gujaf-376	111	6	implies	imply	VERB
gujaf-376	111	7	substantial	substantial	ADJ
gujaf-376	111	8	variability	variability	NOUN
gujaf-376	111	9	in	in	ADP
gujaf-376	111	10	tobin	tobin	PROPN
gujaf-376	111	11	’s	’s	PART
gujaf-376	111	12	q	q	PROPN
gujaf-376	111	13	values	value	NOUN
gujaf-376	111	14	which	which	PRON
gujaf-376	111	15	may	may	AUX
gujaf-376	111	16	be	be	AUX
gujaf-376	111	17	attributed	attribute	VERB
gujaf-376	111	18	to	to	ADP
gujaf-376	111	19	firms	firm	NOUN
gujaf-376	111	20	’	’	PART
gujaf-376	111	21	specific	specific	ADJ
gujaf-376	111	22	factors	factor	NOUN
gujaf-376	111	23	and	and	CCONJ
gujaf-376	111	24	differences	difference	NOUN
gujaf-376	111	25	in	in	ADP
gujaf-376	111	26	the	the	DET
gujaf-376	111	27	industry	industry	NOUN
gujaf-376	111	28	.	.	PUNCT
gujaf-376	112	1	the	the	DET
gujaf-376	112	2	minimum	minimum	ADJ
gujaf-376	112	3	value	value	NOUN
gujaf-376	112	4	of	of	ADP
gujaf-376	112	5	-3.98	-3.98	NUM
gujaf-376	112	6	shows	show	VERB
gujaf-376	112	7	that	that	SCONJ
gujaf-376	112	8	the	the	DET
gujaf-376	112	9	market	market	NOUN
gujaf-376	112	10	perceives	perceive	VERB
gujaf-376	112	11	some	some	DET
gujaf-376	112	12	listed	listed	ADJ
gujaf-376	112	13	nonfinancial	nonfinancial	ADJ
gujaf-376	112	14	firms	firm	NOUN
gujaf-376	112	15	as	as	ADP
gujaf-376	112	16	having	have	VERB
gujaf-376	112	17	little	little	ADJ
gujaf-376	112	18	or	or	CCONJ
gujaf-376	112	19	no	no	PRON
gujaf-376	112	20	growth	growth	NOUN
gujaf-376	112	21	prospect	prospect	NOUN
gujaf-376	112	22	while	while	SCONJ
gujaf-376	112	23	the	the	DET
gujaf-376	112	24	maximum	maximum	ADJ
gujaf-376	112	25	value	value	NOUN
gujaf-376	112	26	of	of	ADP
gujaf-376	112	27	55.33	55.33	NUM
gujaf-376	112	28	suggests	suggest	VERB
gujaf-376	112	29	that	that	SCONJ
gujaf-376	112	30	some	some	DET
gujaf-376	112	31	firms	firm	NOUN
gujaf-376	112	32	have	have	VERB
gujaf-376	112	33	exceptional	exceptional	ADJ
gujaf-376	112	34	growth	growth	NOUN
gujaf-376	112	35	which	which	PRON
gujaf-376	112	36	may	may	AUX
gujaf-376	112	37	ultimately	ultimately	ADV
gujaf-376	112	38	result	result	VERB
gujaf-376	112	39	in	in	ADP
gujaf-376	112	40	overvaluation	overvaluation	NOUN
gujaf-376	112	41	.	.	PUNCT
gujaf-376	113	1	with	with	ADP
gujaf-376	113	2	respect	respect	NOUN
gujaf-376	113	3	to	to	ADP
gujaf-376	113	4	the	the	DET
gujaf-376	113	5	ownership	ownership	NOUN
gujaf-376	113	6	attributes	attribute	VERB
gujaf-376	113	7	,	,	PUNCT
gujaf-376	113	8	foreign	foreign	ADJ
gujaf-376	113	9	ownership	ownership	NOUN
gujaf-376	113	10	has	have	VERB
gujaf-376	113	11	a	a	DET
gujaf-376	113	12	mean	mean	ADJ
gujaf-376	113	13	value	value	NOUN
gujaf-376	113	14	of	of	ADP
gujaf-376	113	15	0.0174	0.0174	NUM
gujaf-376	113	16	indicating	indicate	VERB
gujaf-376	113	17	that	that	SCONJ
gujaf-376	113	18	on	on	ADP
gujaf-376	113	19	average	average	ADJ
gujaf-376	113	20	,	,	PUNCT
gujaf-376	113	21	1.74	1.74	NUM
gujaf-376	113	22	%	%	NOUN
gujaf-376	113	23	of	of	ADP
gujaf-376	113	24	the	the	DET
gujaf-376	113	25	shares	share	NOUN
gujaf-376	113	26	of	of	ADP
gujaf-376	113	27	the	the	DET
gujaf-376	113	28	listed	list	VERB
gujaf-376	113	29	non	non	ADJ
gujaf-376	113	30	-	-	ADJ
gujaf-376	113	31	financial	financial	ADJ
gujaf-376	113	32	firms	firm	NOUN
gujaf-376	113	33	are	be	AUX
gujaf-376	113	34	held	hold	VERB
gujaf-376	113	35	by	by	ADP
gujaf-376	113	36	foreign	foreign	ADJ
gujaf-376	113	37	investors	investor	NOUN
gujaf-376	113	38	;	;	PUNCT
gujaf-376	113	39	the	the	DET
gujaf-376	113	40	standard	standard	ADJ
gujaf-376	113	41	deviation	deviation	NOUN
gujaf-376	113	42	of	of	ADP
gujaf-376	113	43	0.1014	0.1014	NUM
gujaf-376	113	44	signifies	signifie	NOUN
gujaf-376	113	45	variability	variability	NOUN
gujaf-376	113	46	in	in	ADP
gujaf-376	113	47	the	the	DET
gujaf-376	113	48	foreign	foreign	ADJ
gujaf-376	113	49	ownership	ownership	NOUN
gujaf-376	113	50	levels	level	NOUN
gujaf-376	113	51	across	across	ADP
gujaf-376	113	52	the	the	DET
gujaf-376	113	53	firms	firm	NOUN
gujaf-376	113	54	;	;	PUNCT
gujaf-376	113	55	the	the	DET
gujaf-376	113	56	minimum	minimum	ADJ
gujaf-376	113	57	value	value	NOUN
gujaf-376	113	58	of	of	ADP
gujaf-376	113	59	0.0013	0.0013	NUM
gujaf-376	113	60	represents	represent	VERB
gujaf-376	113	61	the	the	DET
gujaf-376	113	62	company	company	NOUN
gujaf-376	113	63	with	with	ADP
gujaf-376	113	64	the	the	DET
gujaf-376	113	65	lowest	low	ADJ
gujaf-376	113	66	gusau	gusau	ADJ
gujaf-376	113	67	journal	journal	NOUN
gujaf-376	113	68	of	of	ADP
gujaf-376	113	69	accounting	accounting	NOUN
gujaf-376	113	70	and	and	CCONJ
gujaf-376	113	71	finance	finance	NOUN
gujaf-376	113	72	,	,	PUNCT
gujaf-376	113	73	vol.6	vol.6	PROPN
gujaf-376	113	74	,	,	PUNCT
gujaf-376	113	75	issue	issue	NOUN
gujaf-376	113	76	1	1	NUM
gujaf-376	113	77	,	,	PUNCT
gujaf-376	113	78	april	april	PROPN
gujaf-376	113	79	,	,	PUNCT
gujaf-376	113	80	2025	2025	NUM
gujaf-376	113	81	160	160	NUM
gujaf-376	113	82	foreign	foreign	ADJ
gujaf-376	113	83	ownership	ownership	NOUN
gujaf-376	113	84	or	or	CCONJ
gujaf-376	113	85	0.13	0.13	NUM
gujaf-376	113	86	%	%	NOUN
gujaf-376	113	87	while	while	SCONJ
gujaf-376	113	88	the	the	DET
gujaf-376	113	89	maximum	maximum	ADJ
gujaf-376	113	90	value	value	NOUN
gujaf-376	113	91	of	of	ADP
gujaf-376	113	92	0.061	0.061	NUM
gujaf-376	113	93	imply	imply	VERB
gujaf-376	113	94	that	that	SCONJ
gujaf-376	113	95	the	the	DET
gujaf-376	113	96	company	company	NOUN
gujaf-376	113	97	with	with	ADP
gujaf-376	113	98	the	the	DET
gujaf-376	113	99	highest	high	ADJ
gujaf-376	113	100	foreign	foreign	ADJ
gujaf-376	113	101	ownership	ownership	NOUN
gujaf-376	113	102	has	have	VERB
gujaf-376	113	103	6.1	6.1	NUM
gujaf-376	113	104	%	%	NOUN
gujaf-376	113	105	.	.	PUNCT
gujaf-376	114	1	also	also	ADV
gujaf-376	114	2	,	,	PUNCT
gujaf-376	114	3	institutional	institutional	ADJ
gujaf-376	114	4	ownership	ownership	NOUN
gujaf-376	114	5	has	have	VERB
gujaf-376	114	6	a	a	DET
gujaf-376	114	7	mean	mean	ADJ
gujaf-376	114	8	value	value	NOUN
gujaf-376	114	9	of	of	ADP
gujaf-376	114	10	0.509	0.509	NUM
gujaf-376	114	11	signifying	signify	VERB
gujaf-376	114	12	that	that	SCONJ
gujaf-376	114	13	on	on	ADP
gujaf-376	114	14	average	average	ADJ
gujaf-376	114	15	,	,	PUNCT
gujaf-376	114	16	institutional	institutional	ADJ
gujaf-376	114	17	investors	investor	NOUN
gujaf-376	114	18	hold	hold	VERB
gujaf-376	114	19	50.9	50.9	NUM
gujaf-376	114	20	%	%	NOUN
gujaf-376	114	21	of	of	ADP
gujaf-376	114	22	ownership	ownership	NOUN
gujaf-376	114	23	of	of	ADP
gujaf-376	114	24	listed	list	VERB
gujaf-376	114	25	non	non	ADJ
gujaf-376	114	26	-	-	ADJ
gujaf-376	114	27	financial	financial	ADJ
gujaf-376	114	28	firms	firm	NOUN
gujaf-376	114	29	in	in	ADP
gujaf-376	114	30	nigeria	nigeria	PROPN
gujaf-376	114	31	and	and	CCONJ
gujaf-376	114	32	the	the	DET
gujaf-376	114	33	standard	standard	ADJ
gujaf-376	114	34	deviation	deviation	NOUN
gujaf-376	114	35	of	of	ADP
gujaf-376	114	36	0.105	0.105	NUM
gujaf-376	114	37	telltale	telltale	ADJ
gujaf-376	114	38	moderate	moderate	ADJ
gujaf-376	114	39	variability	variability	NOUN
gujaf-376	114	40	in	in	ADP
gujaf-376	114	41	the	the	DET
gujaf-376	114	42	institutional	institutional	ADJ
gujaf-376	114	43	ownership	ownership	NOUN
gujaf-376	114	44	across	across	ADP
gujaf-376	114	45	the	the	DET
gujaf-376	114	46	listed	list	VERB
gujaf-376	114	47	non	non	ADJ
gujaf-376	114	48	-	-	ADJ
gujaf-376	114	49	financial	financial	ADJ
gujaf-376	114	50	firms	firm	NOUN
gujaf-376	114	51	.	.	PUNCT
gujaf-376	115	1	the	the	DET
gujaf-376	115	2	firm	firm	NOUN
gujaf-376	115	3	with	with	ADP
gujaf-376	115	4	the	the	DET
gujaf-376	115	5	least	least	ADJ
gujaf-376	115	6	institutional	institutional	ADJ
gujaf-376	115	7	ownership	ownership	NOUN
gujaf-376	115	8	is	be	AUX
gujaf-376	115	9	the	the	DET
gujaf-376	115	10	firm	firm	NOUN
gujaf-376	115	11	with	with	ADP
gujaf-376	115	12	31.09	31.09	NUM
gujaf-376	115	13	%	%	NOUN
gujaf-376	115	14	while	while	SCONJ
gujaf-376	115	15	the	the	DET
gujaf-376	115	16	maximum	maximum	ADJ
gujaf-376	115	17	value	value	NOUN
gujaf-376	115	18	of	of	ADP
gujaf-376	115	19	0.7723	0.7723	NUM
gujaf-376	115	20	shows	show	VERB
gujaf-376	115	21	that	that	SCONJ
gujaf-376	115	22	in	in	ADP
gujaf-376	115	23	a	a	DET
gujaf-376	115	24	company	company	NOUN
gujaf-376	115	25	,	,	PUNCT
gujaf-376	115	26	institutional	institutional	ADJ
gujaf-376	115	27	investors	investor	NOUN
gujaf-376	115	28	possess	possess	VERB
gujaf-376	115	29	77.23	77.23	NUM
gujaf-376	115	30	%	%	NOUN
gujaf-376	115	31	of	of	ADP
gujaf-376	115	32	the	the	DET
gujaf-376	115	33	outstanding	outstanding	ADJ
gujaf-376	115	34	shares	share	NOUN
gujaf-376	115	35	of	of	ADP
gujaf-376	115	36	the	the	DET
gujaf-376	115	37	company	company	NOUN
gujaf-376	115	38	.	.	PUNCT
gujaf-376	116	1	moreover	moreover	ADV
gujaf-376	116	2	,	,	PUNCT
gujaf-376	116	3	managerial	managerial	ADJ
gujaf-376	116	4	ownership	ownership	NOUN
gujaf-376	116	5	has	have	VERB
gujaf-376	116	6	a	a	DET
gujaf-376	116	7	mean	mean	ADJ
gujaf-376	116	8	value	value	NOUN
gujaf-376	116	9	of	of	ADP
gujaf-376	116	10	0.0047	0.0047	NUM
gujaf-376	116	11	indicating	indicate	VERB
gujaf-376	116	12	that	that	SCONJ
gujaf-376	116	13	on	on	ADP
gujaf-376	116	14	average	average	ADJ
gujaf-376	116	15	,	,	PUNCT
gujaf-376	116	16	0.047	0.047	NUM
gujaf-376	116	17	%	%	NOUN
gujaf-376	116	18	of	of	ADP
gujaf-376	116	19	total	total	ADJ
gujaf-376	116	20	ownership	ownership	NOUN
gujaf-376	116	21	in	in	ADP
gujaf-376	116	22	the	the	DET
gujaf-376	116	23	firms	firm	NOUN
gujaf-376	116	24	belongs	belong	VERB
gujaf-376	116	25	to	to	ADP
gujaf-376	116	26	the	the	DET
gujaf-376	116	27	managers	manager	NOUN
gujaf-376	116	28	suggesting	suggest	VERB
gujaf-376	116	29	that	that	SCONJ
gujaf-376	116	30	managers	manager	NOUN
gujaf-376	116	31	have	have	VERB
gujaf-376	116	32	a	a	DET
gujaf-376	116	33	minimal	minimal	ADJ
gujaf-376	116	34	equity	equity	NOUN
gujaf-376	116	35	stake	stake	NOUN
gujaf-376	116	36	in	in	ADP
gujaf-376	116	37	the	the	DET
gujaf-376	116	38	firms	firm	NOUN
gujaf-376	116	39	they	they	PRON
gujaf-376	116	40	manage	manage	VERB
gujaf-376	116	41	;	;	PUNCT
gujaf-376	116	42	a	a	DET
gujaf-376	116	43	standard	standard	ADJ
gujaf-376	116	44	deviation	deviation	NOUN
gujaf-376	116	45	of	of	ADP
gujaf-376	116	46	0.0062	0.0062	NUM
gujaf-376	116	47	telltale	telltale	ADJ
gujaf-376	116	48	a	a	DET
gujaf-376	116	49	low	low	ADJ
gujaf-376	116	50	variability	variability	NOUN
gujaf-376	116	51	in	in	ADP
gujaf-376	116	52	managerial	managerial	ADJ
gujaf-376	116	53	ownership	ownership	NOUN
gujaf-376	116	54	across	across	ADP
gujaf-376	116	55	firm	firm	ADJ
gujaf-376	116	56	meaning	meaning	NOUN
gujaf-376	116	57	that	that	SCONJ
gujaf-376	116	58	most	most	ADJ
gujaf-376	116	59	firms	firm	NOUN
gujaf-376	116	60	have	have	AUX
gujaf-376	116	61	a	a	DET
gujaf-376	116	62	consistent	consistent	ADJ
gujaf-376	116	63	low	low	ADJ
gujaf-376	116	64	level	level	NOUN
gujaf-376	116	65	of	of	ADP
gujaf-376	116	66	ownership	ownership	NOUN
gujaf-376	116	67	by	by	ADP
gujaf-376	116	68	their	their	PRON
gujaf-376	116	69	managers	manager	NOUN
gujaf-376	116	70	;	;	PUNCT
gujaf-376	116	71	the	the	DET
gujaf-376	116	72	minimum	minimum	ADJ
gujaf-376	116	73	value	value	NOUN
gujaf-376	116	74	of	of	ADP
gujaf-376	116	75	0.00024	0.00024	NUM
gujaf-376	116	76	suggest	suggest	VERB
gujaf-376	116	77	that	that	SCONJ
gujaf-376	116	78	there	there	PRON
gujaf-376	116	79	are	be	VERB
gujaf-376	116	80	firms	firm	NOUN
gujaf-376	116	81	with	with	ADP
gujaf-376	116	82	near	near	ADV
gujaf-376	116	83	-	-	PUNCT
gujaf-376	116	84	zero	zero	NUM
gujaf-376	116	85	level	level	NOUN
gujaf-376	116	86	of	of	ADP
gujaf-376	116	87	managerial	managerial	ADJ
gujaf-376	116	88	ownership	ownership	NOUN
gujaf-376	116	89	while	while	SCONJ
gujaf-376	116	90	the	the	DET
gujaf-376	116	91	maximum	maximum	ADJ
gujaf-376	116	92	value	value	NOUN
gujaf-376	116	93	of	of	ADP
gujaf-376	116	94	0.0314	0.0314	NUM
gujaf-376	116	95	portray	portray	VERB
gujaf-376	116	96	the	the	DET
gujaf-376	116	97	firm	firm	NOUN
gujaf-376	116	98	with	with	ADP
gujaf-376	116	99	the	the	DET
gujaf-376	116	100	highest	high	ADJ
gujaf-376	116	101	level	level	NOUN
gujaf-376	116	102	of	of	ADP
gujaf-376	116	103	managerial	managerial	ADJ
gujaf-376	116	104	ownership	ownership	NOUN
gujaf-376	116	105	with	with	ADP
gujaf-376	116	106	the	the	DET
gujaf-376	116	107	tune	tune	NOUN
gujaf-376	116	108	of	of	ADP
gujaf-376	116	109	3.14	3.14	NUM
gujaf-376	116	110	%	%	NOUN
gujaf-376	116	111	.	.	PUNCT
gujaf-376	117	1	likewise	likewise	ADV
gujaf-376	117	2	,	,	PUNCT
gujaf-376	117	3	the	the	DET
gujaf-376	117	4	ownership	ownership	NOUN
gujaf-376	117	5	concentration	concentration	NOUN
gujaf-376	117	6	has	have	VERB
gujaf-376	117	7	a	a	DET
gujaf-376	117	8	mean	mean	ADJ
gujaf-376	117	9	value	value	NOUN
gujaf-376	117	10	of	of	ADP
gujaf-376	117	11	0.5127	0.5127	NUM
gujaf-376	117	12	implying	imply	VERB
gujaf-376	117	13	that	that	SCONJ
gujaf-376	117	14	on	on	ADP
gujaf-376	117	15	average	average	ADJ
gujaf-376	117	16	,	,	PUNCT
gujaf-376	117	17	51.27	51.27	NUM
gujaf-376	117	18	%	%	NOUN
gujaf-376	117	19	of	of	ADP
gujaf-376	117	20	ownership	ownership	NOUN
gujaf-376	117	21	is	be	AUX
gujaf-376	117	22	concentrated	concentrate	VERB
gujaf-376	117	23	in	in	ADP
gujaf-376	117	24	the	the	DET
gujaf-376	117	25	hands	hand	NOUN
gujaf-376	117	26	of	of	ADP
gujaf-376	117	27	a	a	DET
gujaf-376	117	28	group	group	NOUN
gujaf-376	117	29	of	of	ADP
gujaf-376	117	30	owners	owner	NOUN
gujaf-376	117	31	meaning	mean	VERB
gujaf-376	117	32	that	that	SCONJ
gujaf-376	117	33	a	a	DET
gujaf-376	117	34	small	small	ADJ
gujaf-376	117	35	number	number	NOUN
gujaf-376	117	36	of	of	ADP
gujaf-376	117	37	shareholders	shareholder	NOUN
gujaf-376	117	38	hold	hold	VERB
gujaf-376	117	39	significant	significant	ADJ
gujaf-376	117	40	influence	influence	NOUN
gujaf-376	117	41	over	over	ADP
gujaf-376	117	42	the	the	DET
gujaf-376	117	43	firm	firm	NOUN
gujaf-376	117	44	’s	’s	PART
gujaf-376	117	45	decisions	decision	NOUN
gujaf-376	117	46	;	;	PUNCT
gujaf-376	117	47	the	the	DET
gujaf-376	117	48	standard	standard	ADJ
gujaf-376	117	49	deviation	deviation	NOUN
gujaf-376	117	50	of	of	ADP
gujaf-376	117	51	0.1063	0.1063	PRON
gujaf-376	117	52	implies	imply	VERB
gujaf-376	117	53	moderate	moderate	ADJ
gujaf-376	117	54	variability	variability	NOUN
gujaf-376	117	55	as	as	SCONJ
gujaf-376	117	56	some	some	DET
gujaf-376	117	57	firms	firm	NOUN
gujaf-376	117	58	have	have	AUX
gujaf-376	117	59	dispersed	disperse	VERB
gujaf-376	117	60	ownership	ownership	NOUN
gujaf-376	117	61	while	while	SCONJ
gujaf-376	117	62	some	some	PRON
gujaf-376	117	63	dominated	dominate	VERB
gujaf-376	117	64	by	by	ADP
gujaf-376	117	65	a	a	DET
gujaf-376	117	66	small	small	ADJ
gujaf-376	117	67	group	group	NOUN
gujaf-376	117	68	;	;	PUNCT
gujaf-376	117	69	the	the	DET
gujaf-376	117	70	minimum	minimum	ADJ
gujaf-376	117	71	and	and	CCONJ
gujaf-376	117	72	maximum	maximum	ADJ
gujaf-376	117	73	values	value	NOUN
gujaf-376	117	74	of	of	ADP
gujaf-376	117	75	0.3109	0.3109	NUM
gujaf-376	117	76	and	and	CCONJ
gujaf-376	117	77	0.7723	0.7723	NUM
gujaf-376	117	78	shows	show	VERB
gujaf-376	117	79	that	that	SCONJ
gujaf-376	117	80	the	the	DET
gujaf-376	117	81	firms	firm	NOUN
gujaf-376	117	82	with	with	ADP
gujaf-376	117	83	lowest	low	ADJ
gujaf-376	117	84	ownership	ownership	NOUN
gujaf-376	117	85	considerations	consideration	NOUN
gujaf-376	117	86	have	have	VERB
gujaf-376	117	87	31.09	31.09	NUM
gujaf-376	117	88	%	%	NOUN
gujaf-376	117	89	while	while	SCONJ
gujaf-376	117	90	the	the	DET
gujaf-376	117	91	firms	firm	NOUN
gujaf-376	117	92	with	with	ADP
gujaf-376	117	93	highest	high	ADJ
gujaf-376	117	94	ownership	ownership	NOUN
gujaf-376	117	95	concentration	concentration	NOUN
gujaf-376	117	96	has	have	VERB
gujaf-376	117	97	77.23	77.23	NUM
gujaf-376	117	98	%	%	NOUN
gujaf-376	117	99	.	.	PUNCT
gujaf-376	118	1	variance	variance	NOUN
gujaf-376	118	2	inflation	inflation	NOUN
gujaf-376	118	3	factor	factor	NOUN
gujaf-376	118	4	this	this	DET
gujaf-376	118	5	sub	sub	ADJ
gujaf-376	118	6	-	-	NOUN
gujaf-376	118	7	section	section	NOUN
gujaf-376	118	8	presents	present	VERB
gujaf-376	118	9	the	the	DET
gujaf-376	118	10	statistical	statistical	ADJ
gujaf-376	118	11	measures	measure	NOUN
gujaf-376	118	12	result	result	VERB
gujaf-376	118	13	to	to	PART
gujaf-376	118	14	further	far	ADV
gujaf-376	118	15	assess	assess	VERB
gujaf-376	118	16	the	the	DET
gujaf-376	118	17	extent	extent	NOUN
gujaf-376	118	18	of	of	ADP
gujaf-376	118	19	the	the	DET
gujaf-376	118	20	correlation	correlation	NOUN
gujaf-376	118	21	among	among	ADP
gujaf-376	118	22	the	the	DET
gujaf-376	118	23	independent	independent	ADJ
gujaf-376	118	24	variables	variable	NOUN
gujaf-376	118	25	and	and	CCONJ
gujaf-376	118	26	detect	detect	VERB
gujaf-376	118	27	any	any	DET
gujaf-376	118	28	multicollinearity	multicollinearity	NOUN
gujaf-376	118	29	which	which	PRON
gujaf-376	118	30	may	may	AUX
gujaf-376	118	31	distort	distort	VERB
gujaf-376	118	32	the	the	DET
gujaf-376	118	33	regression	regression	NOUN
gujaf-376	118	34	coefficients	coefficient	NOUN
gujaf-376	118	35	,	,	PUNCT
gujaf-376	118	36	inflate	inflate	VERB
gujaf-376	118	37	the	the	DET
gujaf-376	118	38	standard	standard	ADJ
gujaf-376	118	39	errors	error	NOUN
gujaf-376	118	40	thereby	thereby	ADV
gujaf-376	118	41	leading	lead	VERB
gujaf-376	118	42	to	to	ADP
gujaf-376	118	43	unreliable	unreliable	ADJ
gujaf-376	118	44	estimates	estimate	NOUN
gujaf-376	118	45	.	.	PUNCT
gujaf-376	119	1	table	table	NOUN
gujaf-376	119	2	3	3	NUM
gujaf-376	119	3	:	:	PUNCT
gujaf-376	119	4	variance	variance	NOUN
gujaf-376	119	5	inflation	inflation	NOUN
gujaf-376	119	6	factor	factor	NOUN
gujaf-376	119	7	variable	variable	ADJ
gujaf-376	119	8	vif	vif	NOUN
gujaf-376	119	9	1	1	NUM
gujaf-376	119	10	/	/	SYM
gujaf-376	119	11	vif	vif	NOUN
gujaf-376	119	12	managerial	managerial	ADJ
gujaf-376	119	13	1.17	1.17	NUM
gujaf-376	119	14	0.851194	0.851194	NUM
gujaf-376	119	15	concentrat	concentrat	NOUN
gujaf-376	119	16	~	~	PUNCT
gujaf-376	119	17	n	n	PROPN
gujaf-376	119	18	1.16	1.16	NUM
gujaf-376	119	19	0.860581	0.860581	NUM
gujaf-376	119	20	foreign	foreign	ADJ
gujaf-376	119	21	1.13	1.13	NUM
gujaf-376	119	22	0.887539	0.887539	NUM
gujaf-376	119	23	instititut	instititut	ADJ
gujaf-376	119	24	~	~	NOUN
gujaf-376	119	25	l	l	NOUN
gujaf-376	119	26	1.12	1.12	NUM
gujaf-376	119	27	0.894113	0.894113	NUM
gujaf-376	119	28	mean	mean	NOUN
gujaf-376	119	29	vif	vif	PROPN
gujaf-376	119	30	1.15	1.15	NUM
gujaf-376	119	31	source	source	NOUN
gujaf-376	119	32	:	:	PUNCT
gujaf-376	119	33	author	author	NOUN
gujaf-376	119	34	’s	’s	PART
gujaf-376	119	35	computation	computation	NOUN
gujaf-376	119	36	,	,	PUNCT
gujaf-376	119	37	2024	2024	NUM
gujaf-376	119	38	.	.	PUNCT
gujaf-376	120	1	the	the	DET
gujaf-376	120	2	degree	degree	NOUN
gujaf-376	120	3	to	to	PART
gujaf-376	120	4	which	which	DET
gujaf-376	120	5	correlations	correlation	NOUN
gujaf-376	120	6	between	between	ADP
gujaf-376	120	7	the	the	DET
gujaf-376	120	8	independent	independent	ADJ
gujaf-376	120	9	variables	variable	NOUN
gujaf-376	120	10	may	may	AUX
gujaf-376	120	11	increase	increase	VERB
gujaf-376	120	12	the	the	DET
gujaf-376	120	13	standard	standard	ADJ
gujaf-376	120	14	error	error	NOUN
gujaf-376	120	15	of	of	ADP
gujaf-376	120	16	regression	regression	NOUN
gujaf-376	120	17	coefficients	coefficient	NOUN
gujaf-376	120	18	is	be	AUX
gujaf-376	120	19	clearly	clearly	ADV
gujaf-376	120	20	shown	show	VERB
gujaf-376	120	21	in	in	ADP
gujaf-376	120	22	table	table	NOUN
gujaf-376	120	23	3	3	NUM
gujaf-376	120	24	.	.	PUNCT
gujaf-376	121	1	in	in	ADP
gujaf-376	121	2	other	other	ADJ
gujaf-376	121	3	words	word	NOUN
gujaf-376	121	4	,	,	PUNCT
gujaf-376	121	5	the	the	DET
gujaf-376	121	6	variance	variance	NOUN
gujaf-376	121	7	inflation	inflation	NOUN
gujaf-376	121	8	factors	factor	NOUN
gujaf-376	121	9	were	be	AUX
gujaf-376	121	10	used	use	VERB
gujaf-376	121	11	to	to	PART
gujaf-376	121	12	gauge	gauge	VERB
gujaf-376	121	13	how	how	SCONJ
gujaf-376	121	14	strongly	strongly	ADV
gujaf-376	121	15	one	one	NUM
gujaf-376	121	16	independent	independent	ADJ
gujaf-376	121	17	variable	variable	NOUN
gujaf-376	121	18	was	be	AUX
gujaf-376	121	19	correlated	correlate	VERB
gujaf-376	121	20	with	with	ADP
gujaf-376	121	21	another	another	PRON
gujaf-376	121	22	.	.	PUNCT
gujaf-376	122	1	generally	generally	ADV
gujaf-376	122	2	speaking	speak	VERB
gujaf-376	122	3	,	,	PUNCT
gujaf-376	122	4	a	a	DET
gujaf-376	122	5	vif	vif	NOUN
gujaf-376	122	6	of	of	ADP
gujaf-376	122	7	more	more	ADJ
gujaf-376	122	8	than	than	ADP
gujaf-376	122	9	5	5	NUM
gujaf-376	122	10	indicates	indicate	VERB
gujaf-376	122	11	that	that	SCONJ
gujaf-376	122	12	more	more	ADJ
gujaf-376	122	13	research	research	NOUN
gujaf-376	122	14	is	be	AUX
gujaf-376	122	15	necessary	necessary	ADJ
gujaf-376	122	16	,	,	PUNCT
gujaf-376	122	17	whereas	whereas	SCONJ
gujaf-376	122	18	a	a	DET
gujaf-376	122	19	vif	vif	NOUN
gujaf-376	122	20	of	of	ADP
gujaf-376	122	21	at	at	ADV
gujaf-376	122	22	least	least	ADV
gujaf-376	122	23	10	10	NUM
gujaf-376	122	24	indicates	indicate	VERB
gujaf-376	122	25	that	that	SCONJ
gujaf-376	122	26	there	there	PRON
gujaf-376	122	27	is	be	VERB
gujaf-376	122	28	a	a	DET
gujaf-376	122	29	significant	significant	ADJ
gujaf-376	122	30	degree	degree	NOUN
gujaf-376	122	31	of	of	ADP
gujaf-376	122	32	collinearity	collinearity	NOUN
gujaf-376	122	33	between	between	ADP
gujaf-376	122	34	the	the	DET
gujaf-376	122	35	variables	variable	NOUN
gujaf-376	122	36	of	of	ADP
gujaf-376	122	37	interest	interest	NOUN
gujaf-376	122	38	that	that	PRON
gujaf-376	122	39	has	have	VERB
gujaf-376	122	40	to	to	PART
gujaf-376	122	41	be	be	AUX
gujaf-376	122	42	corrected	correct	VERB
gujaf-376	122	43	(	(	PUNCT
gujaf-376	122	44	hair	hair	NOUN
gujaf-376	122	45	et	et	PROPN
gujaf-376	122	46	al	al	PROPN
gujaf-376	122	47	.	.	PROPN
gujaf-376	122	48	,	,	PUNCT
gujaf-376	122	49	1995	1995	NUM
gujaf-376	122	50	;	;	PUNCT
gujaf-376	122	51	rogerson	rogerson	NOUN
gujaf-376	122	52	,	,	PUNCT
gujaf-376	122	53	2001	2001	NUM
gujaf-376	122	54	)	)	PUNCT
gujaf-376	122	55	.	.	PUNCT
gujaf-376	123	1	the	the	DET
gujaf-376	123	2	result	result	NOUN
gujaf-376	123	3	presented	present	VERB
gujaf-376	123	4	in	in	ADP
gujaf-376	123	5	table	table	NOUN
gujaf-376	123	6	4.3	4.3	NUM
gujaf-376	123	7	revealed	reveal	VERB
gujaf-376	123	8	that	that	SCONJ
gujaf-376	123	9	the	the	DET
gujaf-376	123	10	variables	variable	NOUN
gujaf-376	123	11	have	have	VERB
gujaf-376	123	12	low	low	ADJ
gujaf-376	123	13	vif	vif	NOUN
gujaf-376	123	14	values	value	NOUN
gujaf-376	123	15	suggesting	suggest	VERB
gujaf-376	123	16	immaterial	immaterial	ADJ
gujaf-376	123	17	multicollinearity	multicollinearity	NOUN
gujaf-376	123	18	which	which	PRON
gujaf-376	123	19	is	be	AUX
gujaf-376	123	20	unlikely	unlikely	ADJ
gujaf-376	123	21	to	to	PART
gujaf-376	123	22	cause	cause	VERB
gujaf-376	123	23	significant	significant	ADJ
gujaf-376	123	24	issues	issue	NOUN
gujaf-376	123	25	in	in	ADP
gujaf-376	123	26	the	the	DET
gujaf-376	123	27	regression	regression	NOUN
gujaf-376	123	28	model	model	NOUN
gujaf-376	123	29	gusau	gusau	PROPN
gujaf-376	123	30	journal	journal	PROPN
gujaf-376	123	31	of	of	ADP
gujaf-376	123	32	accounting	accounting	NOUN
gujaf-376	123	33	and	and	CCONJ
gujaf-376	123	34	finance	finance	NOUN
gujaf-376	123	35	,	,	PUNCT
gujaf-376	123	36	vol.6	vol.6	PROPN
gujaf-376	123	37	,	,	PUNCT
gujaf-376	123	38	issue	issue	NOUN
gujaf-376	123	39	1	1	NUM
gujaf-376	123	40	,	,	PUNCT
gujaf-376	123	41	april	april	PROPN
gujaf-376	123	42	,	,	PUNCT
gujaf-376	123	43	2025	2025	NUM
gujaf-376	123	44	161	161	NUM
gujaf-376	123	45	and	and	CCONJ
gujaf-376	123	46	the	the	DET
gujaf-376	123	47	predictors	predictor	NOUN
gujaf-376	123	48	do	do	AUX
gujaf-376	123	49	not	not	PART
gujaf-376	123	50	contribute	contribute	VERB
gujaf-376	123	51	significantly	significantly	ADV
gujaf-376	123	52	to	to	ADP
gujaf-376	123	53	multicollinearity	multicollinearity	NOUN
gujaf-376	123	54	.	.	PUNCT
gujaf-376	124	1	the	the	DET
gujaf-376	124	2	mean	mean	ADJ
gujaf-376	124	3	vif	vif	NOUN
gujaf-376	124	4	gives	give	VERB
gujaf-376	124	5	an	an	DET
gujaf-376	124	6	overall	overall	ADJ
gujaf-376	124	7	sense	sense	NOUN
gujaf-376	124	8	of	of	ADP
gujaf-376	124	9	multicollinearity	multicollinearity	NOUN
gujaf-376	124	10	in	in	ADP
gujaf-376	124	11	the	the	DET
gujaf-376	124	12	model	model	NOUN
gujaf-376	124	13	thereby	thereby	ADV
gujaf-376	124	14	suggesting	suggest	VERB
gujaf-376	124	15	that	that	SCONJ
gujaf-376	124	16	multicollinearity	multicollinearity	NOUN
gujaf-376	124	17	is	be	AUX
gujaf-376	124	18	not	not	PART
gujaf-376	124	19	a	a	DET
gujaf-376	124	20	widespread	widespread	ADJ
gujaf-376	124	21	issue	issue	NOUN
gujaf-376	124	22	.	.	PUNCT
gujaf-376	125	1	the	the	DET
gujaf-376	125	2	tolerance	tolerance	NOUN
gujaf-376	125	3	levels	level	NOUN
gujaf-376	125	4	(	(	PUNCT
gujaf-376	125	5	tols	tols	PROPN
gujaf-376	125	6	)	)	PUNCT
gujaf-376	125	7	i.e.	i.e.	X
gujaf-376	125	8	the	the	DET
gujaf-376	125	9	inverse	inverse	NOUN
gujaf-376	125	10	of	of	ADP
gujaf-376	125	11	vifs	vif	NOUN
gujaf-376	125	12	,	,	PUNCT
gujaf-376	125	13	support	support	VERB
gujaf-376	125	14	this	this	PRON
gujaf-376	125	15	,	,	PUNCT
gujaf-376	125	16	with	with	ADP
gujaf-376	125	17	the	the	DET
gujaf-376	125	18	majority	majority	NOUN
gujaf-376	125	19	of	of	ADP
gujaf-376	125	20	results	result	NOUN
gujaf-376	125	21	being	be	AUX
gujaf-376	125	22	noticeably	noticeably	ADV
gujaf-376	125	23	higher	high	ADJ
gujaf-376	125	24	than	than	ADP
gujaf-376	125	25	the	the	DET
gujaf-376	125	26	typical	typical	ADJ
gujaf-376	125	27	threshold	threshold	NOUN
gujaf-376	125	28	of	of	ADP
gujaf-376	125	29	0.2	0.2	NUM
gujaf-376	125	30	.	.	PUNCT
gujaf-376	126	1	therefore	therefore	ADV
gujaf-376	126	2	,	,	PUNCT
gujaf-376	126	3	there	there	PRON
gujaf-376	126	4	is	be	VERB
gujaf-376	126	5	no	no	DET
gujaf-376	126	6	indication	indication	NOUN
gujaf-376	126	7	that	that	SCONJ
gujaf-376	126	8	the	the	DET
gujaf-376	126	9	regression	regression	NOUN
gujaf-376	126	10	coefficients	coefficient	NOUN
gujaf-376	126	11	'	'	PART
gujaf-376	126	12	standard	standard	ADJ
gujaf-376	126	13	errors	error	NOUN
gujaf-376	126	14	would	would	AUX
gujaf-376	126	15	have	have	AUX
gujaf-376	126	16	been	be	AUX
gujaf-376	126	17	mistakenly	mistakenly	ADV
gujaf-376	126	18	exaggerated	exaggerated	ADJ
gujaf-376	126	19	.	.	PUNCT
gujaf-376	127	1	table	table	NOUN
gujaf-376	127	2	4	4	NUM
gujaf-376	127	3	:	:	PUNCT
gujaf-376	127	4	panel	panel	NOUN
gujaf-376	127	5	regression	regression	NOUN
gujaf-376	127	6	result	result	VERB
gujaf-376	127	7	ownership	ownership	NOUN
gujaf-376	127	8	attributes	attribute	NOUN
gujaf-376	127	9	fixed	fix	VERB
gujaf-376	127	10	random	random	ADJ
gujaf-376	127	11	variable	variable	ADJ
gujaf-376	127	12	coefficient	coefficient	NOUN
gujaf-376	127	13	t	t	PROPN
gujaf-376	127	14	p	p	ADJ
gujaf-376	127	15	-	-	PUNCT
gujaf-376	127	16	value	value	NOUN
gujaf-376	127	17	coefficient	coefficient	NOUN
gujaf-376	127	18	z	z	PROPN
gujaf-376	127	19	p	p	ADJ
gujaf-376	127	20	-	-	PUNCT
gujaf-376	127	21	value	value	NOUN
gujaf-376	127	22	foreign	foreign	ADJ
gujaf-376	127	23	.0640006	.0640006	NOUN
gujaf-376	128	1	4.11	4.11	NUM
gujaf-376	128	2	0.000	0.000	NUM
gujaf-376	128	3	.1183358	.1183358	PROPN
gujaf-376	128	4	7.3	7.3	NUM
gujaf-376	128	5	0.000	0.000	NUM
gujaf-376	128	6	institutional	institutional	ADJ
gujaf-376	128	7	8.268711	8.268711	NUM
gujaf-376	128	8	7.4	7.4	NUM
gujaf-376	128	9	0.000	0.000	NUM
gujaf-376	128	10	.5511226	.5511226	NOUN
gujaf-376	128	11	11.4	11.4	NUM
gujaf-376	128	12	0.000	0.000	NUM
gujaf-376	128	13	managerial	managerial	NOUN
gujaf-376	128	14	3.852655	3.852655	NUM
gujaf-376	128	15	9.2	9.2	NUM
gujaf-376	128	16	0.000	0.000	NUM
gujaf-376	128	17	.2205523	.2205523	NOUN
gujaf-376	128	18	2.16	2.16	NUM
gujaf-376	128	19	0.031	0.031	NUM
gujaf-376	128	20	concentration	concentration	NOUN
gujaf-376	128	21	.3965237	.3965237	NOUN
gujaf-376	128	22	8.3	8.3	NUM
gujaf-376	128	23	0.000	0.000	NUM
gujaf-376	128	24	.11813	.11813	NOUN
gujaf-376	128	25	3.4	3.4	NUM
gujaf-376	128	26	0.007	0.007	NUM
gujaf-376	128	27	const	const	NOUN
gujaf-376	128	28	28.99384	28.99384	NUM
gujaf-376	128	29	0.91	0.91	NUM
gujaf-376	128	30	0.362	0.362	NUM
gujaf-376	128	31	-1.211596	-1.211596	NOUN
gujaf-376	128	32	-1.35	-1.35	VERB
gujaf-376	128	33	0.177	0.177	NUM
gujaf-376	128	34	r	r	NOUN
gujaf-376	128	35	-	-	PUNCT
gujaf-376	128	36	squared	square	VERB
gujaf-376	128	37	0.0602	0.0602	NUM
gujaf-376	128	38	0.0632	0.0632	NUM
gujaf-376	128	39	wald	wald	NOUN
gujaf-376	128	40	chi2	chi2	NOUN
gujaf-376	128	41	0.39	0.39	NUM
gujaf-376	128	42	7.87	7.87	NUM
gujaf-376	128	43	prob	prob	NOUN
gujaf-376	128	44	>	>	X
gujaf-376	128	45	f	f	PROPN
gujaf-376	128	46	0.8162	0.8162	NUM
gujaf-376	128	47	0.0963	0.0963	NUM
gujaf-376	128	48	f	f	X
gujaf-376	128	49	-	-	PUNCT
gujaf-376	128	50	test	test	NOUN
gujaf-376	128	51	28.73	28.73	NUM
gujaf-376	128	52	hausman	hausman	NOUN
gujaf-376	128	53	0.7964	0.7964	NUM
gujaf-376	128	54	source	source	NOUN
gujaf-376	128	55	:	:	PUNCT
gujaf-376	128	56	author	author	NOUN
gujaf-376	128	57	’s	’s	PART
gujaf-376	128	58	computation	computation	NOUN
gujaf-376	128	59	,	,	PUNCT
gujaf-376	128	60	2024	2024	NUM
gujaf-376	128	61	table	table	NOUN
gujaf-376	128	62	4	4	NUM
gujaf-376	128	63	presents	present	NOUN
gujaf-376	128	64	panel	panel	NOUN
gujaf-376	128	65	regression	regression	NOUN
gujaf-376	128	66	results	result	NOUN
gujaf-376	128	67	for	for	ADP
gujaf-376	128	68	ownership	ownership	NOUN
gujaf-376	128	69	attributes	attribute	NOUN
gujaf-376	128	70	and	and	CCONJ
gujaf-376	128	71	value	value	NOUN
gujaf-376	128	72	of	of	ADP
gujaf-376	128	73	listed	list	VERB
gujaf-376	128	74	non	non	ADJ
gujaf-376	128	75	-	-	ADJ
gujaf-376	128	76	listed	listed	ADJ
gujaf-376	128	77	non	non	ADJ
gujaf-376	128	78	-	-	ADJ
gujaf-376	128	79	financial	financial	ADJ
gujaf-376	128	80	firms	firm	NOUN
gujaf-376	128	81	in	in	ADP
gujaf-376	128	82	nigeria	nigeria	PROPN
gujaf-376	128	83	using	use	VERB
gujaf-376	128	84	tobin	tobin	PROPN
gujaf-376	128	85	’s	’s	PART
gujaf-376	128	86	q	q	NOUN
gujaf-376	128	87	as	as	ADP
gujaf-376	128	88	a	a	DET
gujaf-376	128	89	proxy	proxy	NOUN
gujaf-376	128	90	for	for	ADP
gujaf-376	128	91	firm	firm	ADJ
gujaf-376	128	92	value	value	NOUN
gujaf-376	128	93	.	.	PUNCT
gujaf-376	129	1	the	the	DET
gujaf-376	129	2	r	r	NOUN
gujaf-376	129	3	-	-	PUNCT
gujaf-376	129	4	squared	square	VERB
gujaf-376	129	5	has	have	AUX
gujaf-376	129	6	0.0632	0.0632	NUM
gujaf-376	129	7	indicating	indicate	VERB
gujaf-376	129	8	that	that	SCONJ
gujaf-376	129	9	6.32	6.32	NUM
gujaf-376	129	10	%	%	NOUN
gujaf-376	129	11	of	of	ADP
gujaf-376	129	12	the	the	DET
gujaf-376	129	13	variance	variance	NOUN
gujaf-376	129	14	in	in	ADP
gujaf-376	129	15	the	the	DET
gujaf-376	129	16	dependent	dependent	ADJ
gujaf-376	129	17	variable	variable	NOUN
gujaf-376	129	18	is	be	AUX
gujaf-376	129	19	explained	explain	VERB
gujaf-376	129	20	by	by	ADP
gujaf-376	129	21	the	the	DET
gujaf-376	129	22	model	model	NOUN
gujaf-376	129	23	.	.	PUNCT
gujaf-376	130	1	while	while	SCONJ
gujaf-376	130	2	relatively	relatively	ADV
gujaf-376	130	3	low	low	ADJ
gujaf-376	130	4	,	,	PUNCT
gujaf-376	130	5	this	this	PRON
gujaf-376	130	6	is	be	AUX
gujaf-376	130	7	not	not	PART
gujaf-376	130	8	uncommon	uncommon	ADJ
gujaf-376	130	9	in	in	ADP
gujaf-376	130	10	panel	panel	NOUN
gujaf-376	130	11	data	datum	NOUN
gujaf-376	130	12	when	when	SCONJ
gujaf-376	130	13	unobserved	unobserved	ADJ
gujaf-376	130	14	heterogeneity	heterogeneity	NOUN
gujaf-376	130	15	exists	exist	VERB
gujaf-376	130	16	.	.	PUNCT
gujaf-376	131	1	the	the	DET
gujaf-376	131	2	wald	wald	PROPN
gujaf-376	131	3	chi	chi	PROPN
gujaf-376	131	4	-	-	PUNCT
gujaf-376	131	5	squared	squared	PROPN
gujaf-376	131	6	has	have	VERB
gujaf-376	131	7	7.87	7.87	NUM
gujaf-376	131	8	,	,	PUNCT
gujaf-376	131	9	with	with	ADP
gujaf-376	131	10	a	a	DET
gujaf-376	131	11	p	p	NOUN
gujaf-376	131	12	-	-	PUNCT
gujaf-376	131	13	value	value	NOUN
gujaf-376	131	14	of	of	ADP
gujaf-376	131	15	0.0963	0.0963	NUM
gujaf-376	131	16	implying	imply	VERB
gujaf-376	131	17	that	that	SCONJ
gujaf-376	131	18	the	the	DET
gujaf-376	131	19	model	model	NOUN
gujaf-376	131	20	’s	’s	PART
gujaf-376	131	21	overall	overall	ADJ
gujaf-376	131	22	significance	significance	NOUN
gujaf-376	131	23	is	be	AUX
gujaf-376	131	24	marginal	marginal	ADJ
gujaf-376	131	25	(	(	PUNCT
gujaf-376	131	26	close	close	ADJ
gujaf-376	131	27	to	to	ADP
gujaf-376	131	28	the	the	DET
gujaf-376	131	29	0.1	0.1	NUM
gujaf-376	131	30	threshold	threshold	NOUN
gujaf-376	131	31	)	)	PUNCT
gujaf-376	131	32	,	,	PUNCT
gujaf-376	131	33	suggesting	suggest	VERB
gujaf-376	131	34	that	that	SCONJ
gujaf-376	131	35	while	while	SCONJ
gujaf-376	131	36	the	the	DET
gujaf-376	131	37	included	include	VERB
gujaf-376	131	38	variables	variable	NOUN
gujaf-376	131	39	are	be	AUX
gujaf-376	131	40	important	important	ADJ
gujaf-376	131	41	,	,	PUNCT
gujaf-376	131	42	there	there	PRON
gujaf-376	131	43	may	may	AUX
gujaf-376	131	44	be	be	AUX
gujaf-376	131	45	omitted	omit	VERB
gujaf-376	131	46	factors	factor	NOUN
gujaf-376	131	47	influencing	influence	VERB
gujaf-376	131	48	the	the	DET
gujaf-376	131	49	dependent	dependent	ADJ
gujaf-376	131	50	variable	variable	NOUN
gujaf-376	131	51	.	.	PUNCT
gujaf-376	132	1	the	the	DET
gujaf-376	132	2	hausman	hausman	PROPN
gujaf-376	132	3	test	test	NOUN
gujaf-376	132	4	p	p	NOUN
gujaf-376	132	5	-	-	PUNCT
gujaf-376	132	6	value	value	NOUN
gujaf-376	132	7	(	(	PUNCT
gujaf-376	132	8	0.7964	0.7964	NUM
gujaf-376	132	9	)	)	PUNCT
gujaf-376	132	10	suggests	suggest	VERB
gujaf-376	132	11	that	that	SCONJ
gujaf-376	132	12	the	the	DET
gujaf-376	132	13	random	random	ADJ
gujaf-376	132	14	effects	effect	NOUN
gujaf-376	132	15	model	model	NOUN
gujaf-376	132	16	is	be	AUX
gujaf-376	132	17	appropriate	appropriate	ADJ
gujaf-376	132	18	as	as	SCONJ
gujaf-376	132	19	the	the	DET
gujaf-376	132	20	null	null	ADJ
gujaf-376	132	21	hypothesis	hypothesis	NOUN
gujaf-376	132	22	(	(	PUNCT
gujaf-376	132	23	that	that	SCONJ
gujaf-376	132	24	the	the	DET
gujaf-376	132	25	random	random	ADJ
gujaf-376	132	26	effects	effect	NOUN
gujaf-376	132	27	model	model	NOUN
gujaf-376	132	28	is	be	AUX
gujaf-376	132	29	consistent	consistent	ADJ
gujaf-376	132	30	)	)	PUNCT
gujaf-376	132	31	can	can	AUX
gujaf-376	132	32	not	not	PART
gujaf-376	132	33	be	be	AUX
gujaf-376	132	34	rejected	reject	VERB
gujaf-376	132	35	,	,	PUNCT
gujaf-376	132	36	indicating	indicate	VERB
gujaf-376	132	37	that	that	SCONJ
gujaf-376	132	38	the	the	DET
gujaf-376	132	39	explanatory	explanatory	ADJ
gujaf-376	132	40	variables	variable	NOUN
gujaf-376	132	41	are	be	AUX
gujaf-376	132	42	not	not	PART
gujaf-376	132	43	correlated	correlate	VERB
gujaf-376	132	44	with	with	ADP
gujaf-376	132	45	the	the	DET
gujaf-376	132	46	error	error	NOUN
gujaf-376	132	47	term	term	NOUN
gujaf-376	132	48	,	,	PUNCT
gujaf-376	132	49	therefore	therefore	ADV
gujaf-376	132	50	,	,	PUNCT
gujaf-376	132	51	the	the	DET
gujaf-376	132	52	random	random	ADJ
gujaf-376	132	53	effects	effect	NOUN
gujaf-376	132	54	model	model	NOUN
gujaf-376	132	55	is	be	AUX
gujaf-376	132	56	the	the	DET
gujaf-376	132	57	focus	focus	NOUN
gujaf-376	132	58	for	for	ADP
gujaf-376	132	59	interpretation	interpretation	NOUN
gujaf-376	132	60	.	.	PUNCT
gujaf-376	133	1	the	the	DET
gujaf-376	133	2	constant	constant	ADJ
gujaf-376	133	3	has	have	VERB
gujaf-376	133	4	a	a	DET
gujaf-376	133	5	coefficient	coefficient	NOUN
gujaf-376	133	6	of	of	ADP
gujaf-376	133	7	-1.2116	-1.2116	NOUN
gujaf-376	133	8	with	with	ADP
gujaf-376	133	9	a	a	DET
gujaf-376	133	10	p	p	NOUN
gujaf-376	133	11	-	-	PUNCT
gujaf-376	133	12	value	value	NOUN
gujaf-376	133	13	of	of	ADP
gujaf-376	133	14	0.177	0.177	NUM
gujaf-376	133	15	indicating	indicate	VERB
gujaf-376	133	16	that	that	SCONJ
gujaf-376	133	17	the	the	DET
gujaf-376	133	18	constant	constant	ADJ
gujaf-376	133	19	term	term	NOUN
gujaf-376	133	20	is	be	AUX
gujaf-376	133	21	not	not	PART
gujaf-376	133	22	statistically	statistically	ADV
gujaf-376	133	23	significant	significant	ADJ
gujaf-376	133	24	,	,	PUNCT
gujaf-376	133	25	as	as	SCONJ
gujaf-376	133	26	there	there	PRON
gujaf-376	133	27	is	be	VERB
gujaf-376	133	28	no	no	DET
gujaf-376	133	29	substantial	substantial	ADJ
gujaf-376	133	30	baseline	baseline	NOUN
gujaf-376	133	31	level	level	NOUN
gujaf-376	133	32	of	of	ADP
gujaf-376	133	33	the	the	DET
gujaf-376	133	34	dependent	dependent	ADJ
gujaf-376	133	35	variable	variable	NOUN
gujaf-376	133	36	when	when	SCONJ
gujaf-376	133	37	all	all	DET
gujaf-376	133	38	predictors	predictor	NOUN
gujaf-376	133	39	are	be	AUX
gujaf-376	133	40	at	at	ADP
gujaf-376	133	41	zero	zero	NUM
gujaf-376	133	42	.	.	PUNCT
gujaf-376	134	1	foreign	foreign	ADJ
gujaf-376	134	2	ownership	ownership	NOUN
gujaf-376	134	3	as	as	ADP
gujaf-376	134	4	a	a	DET
gujaf-376	134	5	component	component	NOUN
gujaf-376	134	6	of	of	ADP
gujaf-376	134	7	ownership	ownership	NOUN
gujaf-376	134	8	attribute	attribute	NOUN
gujaf-376	134	9	has	have	VERB
gujaf-376	134	10	a	a	DET
gujaf-376	134	11	coefficient	coefficient	NOUN
gujaf-376	134	12	of	of	ADP
gujaf-376	134	13	0.1183	0.1183	NUM
gujaf-376	134	14	indicating	indicate	VERB
gujaf-376	134	15	that	that	SCONJ
gujaf-376	134	16	firms	firm	NOUN
gujaf-376	134	17	with	with	ADP
gujaf-376	134	18	higher	high	ADJ
gujaf-376	134	19	levels	level	NOUN
gujaf-376	134	20	of	of	ADP
gujaf-376	134	21	foreign	foreign	ADJ
gujaf-376	134	22	ownership	ownership	NOUN
gujaf-376	134	23	experience	experience	NOUN
gujaf-376	134	24	better	well	ADJ
gujaf-376	134	25	performance	performance	NOUN
gujaf-376	134	26	and	and	CCONJ
gujaf-376	134	27	firm	firm	ADJ
gujaf-376	134	28	value	value	NOUN
gujaf-376	134	29	as	as	SCONJ
gujaf-376	134	30	foreign	foreign	ADJ
gujaf-376	134	31	ownership	ownership	NOUN
gujaf-376	134	32	may	may	AUX
gujaf-376	134	33	bring	bring	VERB
gujaf-376	134	34	in	in	ADP
gujaf-376	134	35	better	well	ADJ
gujaf-376	134	36	management	management	NOUN
gujaf-376	134	37	practices	practice	NOUN
gujaf-376	134	38	,	,	PUNCT
gujaf-376	134	39	advanced	advanced	ADJ
gujaf-376	134	40	technology	technology	NOUN
gujaf-376	134	41	,	,	PUNCT
gujaf-376	134	42	and	and	CCONJ
gujaf-376	134	43	enhanced	enhance	VERB
gujaf-376	134	44	access	access	NOUN
gujaf-376	134	45	to	to	ADP
gujaf-376	134	46	international	international	ADJ
gujaf-376	134	47	markets	market	NOUN
gujaf-376	134	48	,	,	PUNCT
gujaf-376	134	49	positively	positively	ADV
gujaf-376	134	50	impacting	impact	VERB
gujaf-376	134	51	firm	firm	ADJ
gujaf-376	134	52	value	value	NOUN
gujaf-376	134	53	.	.	PUNCT
gujaf-376	135	1	the	the	DET
gujaf-376	135	2	p	p	NOUN
gujaf-376	135	3	-	-	PUNCT
gujaf-376	135	4	value	value	NOUN
gujaf-376	135	5	of	of	ADP
gujaf-376	135	6	0.000	0.000	NUM
gujaf-376	135	7	suggests	suggest	VERB
gujaf-376	135	8	the	the	DET
gujaf-376	135	9	rejection	rejection	NOUN
gujaf-376	135	10	of	of	ADP
gujaf-376	135	11	the	the	DET
gujaf-376	135	12	null	null	ADJ
gujaf-376	135	13	hypothesis	hypothesis	NOUN
gujaf-376	135	14	but	but	CCONJ
gujaf-376	135	15	acceptance	acceptance	NOUN
gujaf-376	135	16	of	of	ADP
gujaf-376	135	17	the	the	DET
gujaf-376	135	18	alternative	alternative	ADJ
gujaf-376	135	19	hypothesis	hypothesis	NOUN
gujaf-376	135	20	which	which	PRON
gujaf-376	135	21	states	state	VERB
gujaf-376	135	22	that	that	SCONJ
gujaf-376	135	23	foreign	foreign	ADJ
gujaf-376	135	24	ownership	ownership	NOUN
gujaf-376	135	25	significantly	significantly	ADV
gujaf-376	135	26	impacts	impact	VERB
gujaf-376	135	27	the	the	DET
gujaf-376	135	28	value	value	NOUN
gujaf-376	135	29	of	of	ADP
gujaf-376	135	30	the	the	DET
gujaf-376	135	31	listed	list	VERB
gujaf-376	135	32	non	non	ADJ
gujaf-376	135	33	-	-	ADJ
gujaf-376	135	34	financial	financial	ADJ
gujaf-376	135	35	firms	firm	NOUN
gujaf-376	135	36	in	in	ADP
gujaf-376	135	37	nigeria	nigeria	PROPN
gujaf-376	135	38	.	.	PUNCT
gujaf-376	136	1	in	in	ADP
gujaf-376	136	2	addition	addition	NOUN
gujaf-376	136	3	,	,	PUNCT
gujaf-376	136	4	institutional	institutional	ADJ
gujaf-376	136	5	ownership	ownership	NOUN
gujaf-376	136	6	has	have	VERB
gujaf-376	136	7	a	a	DET
gujaf-376	136	8	coefficient	coefficient	NOUN
gujaf-376	136	9	of	of	ADP
gujaf-376	136	10	0.5511	0.5511	NUM
gujaf-376	136	11	posing	pose	VERB
gujaf-376	136	12	that	that	SCONJ
gujaf-376	136	13	it	it	PRON
gujaf-376	136	14	has	have	VERB
gujaf-376	136	15	a	a	DET
gujaf-376	136	16	strong	strong	ADJ
gujaf-376	136	17	influence	influence	NOUN
gujaf-376	136	18	on	on	ADP
gujaf-376	136	19	the	the	DET
gujaf-376	136	20	firm	firm	ADJ
gujaf-376	136	21	value	value	NOUN
gujaf-376	136	22	.	.	PUNCT
gujaf-376	137	1	this	this	PRON
gujaf-376	137	2	is	be	AUX
gujaf-376	137	3	a	a	DET
gujaf-376	137	4	pointer	pointer	NOUN
gujaf-376	137	5	that	that	SCONJ
gujaf-376	137	6	institutional	institutional	ADJ
gujaf-376	137	7	investors	investor	NOUN
gujaf-376	137	8	,	,	PUNCT
gujaf-376	137	9	as	as	SCONJ
gujaf-376	137	10	active	active	ADJ
gujaf-376	137	11	monitors	monitor	NOUN
gujaf-376	137	12	of	of	ADP
gujaf-376	137	13	firm	firm	ADJ
gujaf-376	137	14	management	management	NOUN
gujaf-376	137	15	,	,	PUNCT
gujaf-376	137	16	enhance	enhance	VERB
gujaf-376	137	17	governance	governance	NOUN
gujaf-376	137	18	quality	quality	NOUN
gujaf-376	137	19	and	and	CCONJ
gujaf-376	137	20	drive	drive	VERB
gujaf-376	137	21	performance	performance	NOUN
gujaf-376	137	22	improvements	improvement	NOUN
gujaf-376	137	23	through	through	ADP
gujaf-376	137	24	gusau	gusau	ADJ
gujaf-376	137	25	journal	journal	NOUN
gujaf-376	137	26	of	of	ADP
gujaf-376	137	27	accounting	accounting	NOUN
gujaf-376	137	28	and	and	CCONJ
gujaf-376	137	29	finance	finance	NOUN
gujaf-376	137	30	,	,	PUNCT
gujaf-376	137	31	vol.6	vol.6	PROPN
gujaf-376	137	32	,	,	PUNCT
gujaf-376	137	33	issue	issue	NOUN
gujaf-376	137	34	1	1	NUM
gujaf-376	137	35	,	,	PUNCT
gujaf-376	137	36	april	april	PROPN
gujaf-376	137	37	,	,	PUNCT
gujaf-376	137	38	2025	2025	NUM
gujaf-376	137	39	162	162	NUM
gujaf-376	137	40	strategic	strategic	ADJ
gujaf-376	137	41	oversight	oversight	NOUN
gujaf-376	137	42	which	which	PRON
gujaf-376	137	43	directly	directly	ADV
gujaf-376	137	44	or	or	CCONJ
gujaf-376	137	45	indirectly	indirectly	ADV
gujaf-376	137	46	enhance	enhance	VERB
gujaf-376	137	47	the	the	DET
gujaf-376	137	48	firm	firm	ADJ
gujaf-376	137	49	value	value	NOUN
gujaf-376	137	50	.	.	PUNCT
gujaf-376	138	1	the	the	DET
gujaf-376	138	2	p	p	NOUN
gujaf-376	138	3	-	-	PUNCT
gujaf-376	138	4	value	value	NOUN
gujaf-376	138	5	of	of	ADP
gujaf-376	138	6	0.000	0.000	NUM
gujaf-376	138	7	suggests	suggest	VERB
gujaf-376	138	8	that	that	SCONJ
gujaf-376	138	9	it	it	PRON
gujaf-376	138	10	is	be	AUX
gujaf-376	138	11	statistically	statistically	ADV
gujaf-376	138	12	significant	significant	ADJ
gujaf-376	138	13	thereby	thereby	ADV
gujaf-376	138	14	leading	lead	VERB
gujaf-376	138	15	to	to	ADP
gujaf-376	138	16	the	the	DET
gujaf-376	138	17	rejection	rejection	NOUN
gujaf-376	138	18	of	of	ADP
gujaf-376	138	19	the	the	DET
gujaf-376	138	20	null	null	ADJ
gujaf-376	138	21	hypothesis	hypothesis	NOUN
gujaf-376	138	22	and	and	CCONJ
gujaf-376	138	23	acceptance	acceptance	NOUN
gujaf-376	138	24	of	of	ADP
gujaf-376	138	25	the	the	DET
gujaf-376	138	26	alternative	alternative	ADJ
gujaf-376	138	27	hypothesis	hypothesis	NOUN
gujaf-376	138	28	which	which	PRON
gujaf-376	138	29	states	state	VERB
gujaf-376	138	30	that	that	SCONJ
gujaf-376	138	31	institutional	institutional	ADJ
gujaf-376	138	32	ownership	ownership	NOUN
gujaf-376	138	33	has	have	VERB
gujaf-376	138	34	a	a	DET
gujaf-376	138	35	significant	significant	ADJ
gujaf-376	138	36	impact	impact	NOUN
gujaf-376	138	37	on	on	ADP
gujaf-376	138	38	the	the	DET
gujaf-376	138	39	value	value	NOUN
gujaf-376	138	40	of	of	ADP
gujaf-376	138	41	listed	list	VERB
gujaf-376	138	42	non	non	ADJ
gujaf-376	138	43	-	-	ADJ
gujaf-376	138	44	financial	financial	ADJ
gujaf-376	138	45	firms	firm	NOUN
gujaf-376	138	46	in	in	ADP
gujaf-376	138	47	nigeria	nigeria	PROPN
gujaf-376	138	48	.	.	PUNCT
gujaf-376	139	1	moreso	moreso	PROPN
gujaf-376	139	2	,	,	PUNCT
gujaf-376	139	3	managerial	managerial	ADJ
gujaf-376	139	4	ownership	ownership	NOUN
gujaf-376	139	5	has	have	VERB
gujaf-376	139	6	a	a	DET
gujaf-376	139	7	coefficient	coefficient	NOUN
gujaf-376	139	8	of	of	ADP
gujaf-376	139	9	0.2206	0.2206	NUM
gujaf-376	139	10	implying	imply	VERB
gujaf-376	139	11	that	that	SCONJ
gujaf-376	139	12	managerial	managerial	ADJ
gujaf-376	139	13	ownership	ownership	NOUN
gujaf-376	139	14	aligns	align	VERB
gujaf-376	139	15	management	management	NOUN
gujaf-376	139	16	’s	’s	PART
gujaf-376	139	17	interests	interest	NOUN
gujaf-376	139	18	with	with	ADP
gujaf-376	139	19	those	those	PRON
gujaf-376	139	20	of	of	ADP
gujaf-376	139	21	shareholders	shareholder	NOUN
gujaf-376	139	22	,	,	PUNCT
gujaf-376	139	23	leading	lead	VERB
gujaf-376	139	24	to	to	ADP
gujaf-376	139	25	improved	improve	VERB
gujaf-376	139	26	firm	firm	ADJ
gujaf-376	139	27	value	value	NOUN
gujaf-376	139	28	as	as	SCONJ
gujaf-376	139	29	ownership	ownership	NOUN
gujaf-376	139	30	by	by	ADP
gujaf-376	139	31	managers	manager	NOUN
gujaf-376	139	32	reduces	reduce	VERB
gujaf-376	139	33	agency	agency	NOUN
gujaf-376	139	34	conflicts	conflict	NOUN
gujaf-376	139	35	and	and	CCONJ
gujaf-376	139	36	promotes	promote	VERB
gujaf-376	139	37	decision	decision	NOUN
gujaf-376	139	38	-	-	PUNCT
gujaf-376	139	39	making	making	NOUN
gujaf-376	139	40	focused	focus	VERB
gujaf-376	139	41	on	on	ADP
gujaf-376	139	42	long	long	ADJ
gujaf-376	139	43	-	-	PUNCT
gujaf-376	139	44	term	term	NOUN
gujaf-376	139	45	value	value	NOUN
gujaf-376	139	46	creation	creation	NOUN
gujaf-376	139	47	.	.	PUNCT
gujaf-376	140	1	the	the	DET
gujaf-376	140	2	p	p	NOUN
gujaf-376	140	3	-	-	PUNCT
gujaf-376	140	4	value	value	NOUN
gujaf-376	140	5	of	of	ADP
gujaf-376	140	6	0.031	0.031	NUM
gujaf-376	140	7	suggests	suggest	VERB
gujaf-376	140	8	that	that	SCONJ
gujaf-376	140	9	managerial	managerial	ADJ
gujaf-376	140	10	ownership	ownership	NOUN
gujaf-376	140	11	is	be	AUX
gujaf-376	140	12	statistically	statistically	ADV
gujaf-376	140	13	significant	significant	ADJ
gujaf-376	140	14	,	,	PUNCT
gujaf-376	140	15	hence	hence	ADV
gujaf-376	140	16	,	,	PUNCT
gujaf-376	140	17	leading	lead	VERB
gujaf-376	140	18	to	to	ADP
gujaf-376	140	19	the	the	DET
gujaf-376	140	20	rejection	rejection	NOUN
gujaf-376	140	21	of	of	ADP
gujaf-376	140	22	the	the	DET
gujaf-376	140	23	null	null	ADJ
gujaf-376	140	24	hypothesis	hypothesis	NOUN
gujaf-376	140	25	and	and	CCONJ
gujaf-376	140	26	acceptance	acceptance	NOUN
gujaf-376	140	27	of	of	ADP
gujaf-376	140	28	the	the	DET
gujaf-376	140	29	alternative	alternative	ADJ
gujaf-376	140	30	hypothesis	hypothesis	NOUN
gujaf-376	140	31	which	which	PRON
gujaf-376	140	32	states	state	VERB
gujaf-376	140	33	that	that	SCONJ
gujaf-376	140	34	managerial	managerial	ADJ
gujaf-376	140	35	ownership	ownership	NOUN
gujaf-376	140	36	impacts	impact	NOUN
gujaf-376	140	37	significantly	significantly	ADV
gujaf-376	140	38	the	the	DET
gujaf-376	140	39	value	value	NOUN
gujaf-376	140	40	of	of	ADP
gujaf-376	140	41	listed	list	VERB
gujaf-376	140	42	nonfinancial	nonfinancial	ADJ
gujaf-376	140	43	firms	firm	NOUN
gujaf-376	140	44	in	in	ADP
gujaf-376	140	45	nigeria	nigeria	PROPN
gujaf-376	140	46	.	.	PUNCT
gujaf-376	141	1	likewise	likewise	ADV
gujaf-376	141	2	,	,	PUNCT
gujaf-376	141	3	ownership	ownership	NOUN
gujaf-376	141	4	concentration	concentration	NOUN
gujaf-376	141	5	has	have	VERB
gujaf-376	141	6	a	a	DET
gujaf-376	141	7	coefficient	coefficient	NOUN
gujaf-376	141	8	of	of	ADP
gujaf-376	141	9	0.1181	0.1181	NUM
gujaf-376	141	10	suggesting	suggest	VERB
gujaf-376	141	11	that	that	SCONJ
gujaf-376	141	12	firms	firm	NOUN
gujaf-376	141	13	with	with	ADP
gujaf-376	141	14	concentrated	concentrated	ADJ
gujaf-376	141	15	ownership	ownership	NOUN
gujaf-376	141	16	structure	structure	NOUN
gujaf-376	141	17	have	have	AUX
gujaf-376	141	18	improved	improve	VERB
gujaf-376	141	19	firm	firm	ADJ
gujaf-376	141	20	value	value	NOUN
gujaf-376	141	21	as	as	SCONJ
gujaf-376	141	22	concentrated	concentrated	ADJ
gujaf-376	141	23	ownership	ownership	NOUN
gujaf-376	141	24	improves	improve	VERB
gujaf-376	141	25	monitoring	monitoring	NOUN
gujaf-376	141	26	and	and	CCONJ
gujaf-376	141	27	decision	decision	NOUN
gujaf-376	141	28	-	-	PUNCT
gujaf-376	141	29	making	make	VERB
gujaf-376	141	30	efficiency	efficiency	NOUN
gujaf-376	141	31	,	,	PUNCT
gujaf-376	141	32	reducing	reduce	VERB
gujaf-376	141	33	the	the	DET
gujaf-376	141	34	risks	risk	NOUN
gujaf-376	141	35	of	of	ADP
gujaf-376	141	36	managerial	managerial	ADJ
gujaf-376	141	37	opportunism	opportunism	NOUN
gujaf-376	141	38	.	.	PUNCT
gujaf-376	142	1	the	the	DET
gujaf-376	142	2	p	p	NOUN
gujaf-376	142	3	-	-	PUNCT
gujaf-376	142	4	value	value	NOUN
gujaf-376	142	5	of	of	ADP
gujaf-376	142	6	0.007	0.007	NUM
gujaf-376	142	7	indicates	indicate	VERB
gujaf-376	142	8	that	that	SCONJ
gujaf-376	142	9	it	it	PRON
gujaf-376	142	10	is	be	AUX
gujaf-376	142	11	statistically	statistically	ADV
gujaf-376	142	12	significant	significant	ADJ
gujaf-376	142	13	thereby	thereby	ADV
gujaf-376	142	14	leading	lead	VERB
gujaf-376	142	15	to	to	ADP
gujaf-376	142	16	the	the	DET
gujaf-376	142	17	rejection	rejection	NOUN
gujaf-376	142	18	of	of	ADP
gujaf-376	142	19	the	the	DET
gujaf-376	142	20	null	null	ADJ
gujaf-376	142	21	hypothesis	hypothesis	NOUN
gujaf-376	142	22	and	and	CCONJ
gujaf-376	142	23	acceptance	acceptance	NOUN
gujaf-376	142	24	of	of	ADP
gujaf-376	142	25	the	the	DET
gujaf-376	142	26	alternative	alternative	ADJ
gujaf-376	142	27	hypothesis	hypothesis	NOUN
gujaf-376	142	28	which	which	PRON
gujaf-376	142	29	states	state	VERB
gujaf-376	142	30	that	that	SCONJ
gujaf-376	142	31	ownership	ownership	NOUN
gujaf-376	142	32	concentration	concentration	NOUN
gujaf-376	142	33	has	have	VERB
gujaf-376	142	34	a	a	DET
gujaf-376	142	35	significant	significant	ADJ
gujaf-376	142	36	impact	impact	NOUN
gujaf-376	142	37	on	on	ADP
gujaf-376	142	38	the	the	DET
gujaf-376	142	39	value	value	NOUN
gujaf-376	142	40	of	of	ADP
gujaf-376	142	41	listed	list	VERB
gujaf-376	142	42	non	non	ADJ
gujaf-376	142	43	-	-	ADJ
gujaf-376	142	44	financial	financial	ADJ
gujaf-376	142	45	firms	firm	NOUN
gujaf-376	142	46	in	in	ADP
gujaf-376	142	47	nigeria	nigeria	PROPN
gujaf-376	142	48	.	.	PUNCT
gujaf-376	143	1	discussion	discussion	NOUN
gujaf-376	143	2	of	of	ADP
gujaf-376	143	3	findings	finding	NOUN
gujaf-376	143	4	the	the	DET
gujaf-376	143	5	finding	finding	NOUN
gujaf-376	143	6	revealed	reveal	VERB
gujaf-376	143	7	that	that	SCONJ
gujaf-376	143	8	institutional	institutional	ADJ
gujaf-376	143	9	ownership	ownership	NOUN
gujaf-376	143	10	positively	positively	ADV
gujaf-376	143	11	impacts	impact	VERB
gujaf-376	143	12	the	the	DET
gujaf-376	143	13	value	value	NOUN
gujaf-376	143	14	of	of	ADP
gujaf-376	143	15	listed	list	VERB
gujaf-376	143	16	nonfinancial	nonfinancial	ADJ
gujaf-376	143	17	firms	firm	NOUN
gujaf-376	143	18	in	in	ADP
gujaf-376	143	19	nigeria	nigeria	PROPN
gujaf-376	143	20	as	as	SCONJ
gujaf-376	143	21	firms	firm	NOUN
gujaf-376	143	22	with	with	ADP
gujaf-376	143	23	institutional	institutional	ADJ
gujaf-376	143	24	ownership	ownership	NOUN
gujaf-376	143	25	tend	tend	VERB
gujaf-376	143	26	to	to	PART
gujaf-376	143	27	enjoy	enjoy	VERB
gujaf-376	143	28	improved	improve	VERB
gujaf-376	143	29	corporate	corporate	ADJ
gujaf-376	143	30	governance	governance	NOUN
gujaf-376	143	31	,	,	PUNCT
gujaf-376	143	32	reduction	reduction	NOUN
gujaf-376	143	33	in	in	ADP
gujaf-376	143	34	agency	agency	NOUN
gujaf-376	143	35	conflict	conflict	NOUN
gujaf-376	143	36	,	,	PUNCT
gujaf-376	143	37	enhanced	enhance	VERB
gujaf-376	143	38	risk	risk	NOUN
gujaf-376	143	39	management	management	NOUN
gujaf-376	143	40	,	,	PUNCT
gujaf-376	143	41	financial	financial	ADJ
gujaf-376	143	42	reporting	reporting	NOUN
gujaf-376	143	43	quality	quality	NOUN
gujaf-376	143	44	,	,	PUNCT
gujaf-376	143	45	promotion	promotion	NOUN
gujaf-376	143	46	of	of	ADP
gujaf-376	143	47	esg	esg	PROPN
gujaf-376	143	48	practices	practice	NOUN
gujaf-376	143	49	,	,	PUNCT
gujaf-376	143	50	reduction	reduction	NOUN
gujaf-376	143	51	in	in	ADP
gujaf-376	143	52	cost	cost	NOUN
gujaf-376	143	53	of	of	ADP
gujaf-376	143	54	capital	capital	NOUN
gujaf-376	143	55	among	among	ADP
gujaf-376	143	56	others	other	NOUN
gujaf-376	143	57	that	that	PRON
gujaf-376	143	58	ultimately	ultimately	ADV
gujaf-376	143	59	influence	influence	VERB
gujaf-376	143	60	the	the	DET
gujaf-376	143	61	firm	firm	ADJ
gujaf-376	143	62	value	value	NOUN
gujaf-376	143	63	.	.	PUNCT
gujaf-376	144	1	essentially	essentially	ADV
gujaf-376	144	2	,	,	PUNCT
gujaf-376	144	3	the	the	DET
gujaf-376	144	4	monitoring	monitoring	NOUN
gujaf-376	144	5	roles	role	NOUN
gujaf-376	144	6	played	play	VERB
gujaf-376	144	7	by	by	ADP
gujaf-376	144	8	the	the	DET
gujaf-376	144	9	institutional	institutional	ADJ
gujaf-376	144	10	investors	investor	NOUN
gujaf-376	144	11	especially	especially	ADV
gujaf-376	144	12	on	on	ADP
gujaf-376	144	13	the	the	DET
gujaf-376	144	14	managerial	managerial	ADJ
gujaf-376	144	15	decisions	decision	NOUN
gujaf-376	144	16	usually	usually	ADV
gujaf-376	144	17	reduce	reduce	VERB
gujaf-376	144	18	the	the	DET
gujaf-376	144	19	agency	agency	NOUN
gujaf-376	144	20	conflict	conflict	NOUN
gujaf-376	144	21	as	as	SCONJ
gujaf-376	144	22	the	the	DET
gujaf-376	144	23	interest	interest	NOUN
gujaf-376	144	24	of	of	ADP
gujaf-376	144	25	the	the	DET
gujaf-376	144	26	shareholders	shareholder	NOUN
gujaf-376	144	27	is	be	AUX
gujaf-376	144	28	always	always	ADV
gujaf-376	144	29	aligned	align	VERB
gujaf-376	144	30	with	with	ADP
gujaf-376	144	31	that	that	PRON
gujaf-376	144	32	of	of	ADP
gujaf-376	144	33	management	management	NOUN
gujaf-376	144	34	which	which	PRON
gujaf-376	144	35	ultimately	ultimately	ADV
gujaf-376	144	36	fosters	foster	VERB
gujaf-376	144	37	a	a	DET
gujaf-376	144	38	better	well	ADJ
gujaf-376	144	39	financial	financial	ADJ
gujaf-376	144	40	performance	performance	NOUN
gujaf-376	144	41	as	as	ADV
gujaf-376	144	42	well	well	ADV
gujaf-376	144	43	as	as	ADP
gujaf-376	144	44	higher	high	ADJ
gujaf-376	144	45	firm	firm	ADJ
gujaf-376	144	46	valuation	valuation	NOUN
gujaf-376	144	47	.	.	PUNCT
gujaf-376	145	1	also	also	ADV
gujaf-376	145	2	,	,	PUNCT
gujaf-376	145	3	the	the	DET
gujaf-376	145	4	proactive	proactive	ADJ
gujaf-376	145	5	approach	approach	NOUN
gujaf-376	145	6	of	of	ADP
gujaf-376	145	7	institutional	institutional	ADJ
gujaf-376	145	8	investors	investor	NOUN
gujaf-376	145	9	towards	towards	ADP
gujaf-376	145	10	risk	risk	NOUN
gujaf-376	145	11	management	management	NOUN
gujaf-376	145	12	activities	activity	NOUN
gujaf-376	145	13	improves	improve	VERB
gujaf-376	145	14	the	the	DET
gujaf-376	145	15	firm	firm	NOUN
gujaf-376	145	16	’s	’s	PART
gujaf-376	145	17	credit	credit	NOUN
gujaf-376	145	18	rating	rating	NOUN
gujaf-376	145	19	and	and	CCONJ
gujaf-376	145	20	long	long	ADJ
gujaf-376	145	21	-	-	PUNCT
gujaf-376	145	22	term	term	NOUN
gujaf-376	145	23	sustainability	sustainability	NOUN
gujaf-376	145	24	thereby	thereby	ADV
gujaf-376	145	25	maximizing	maximize	VERB
gujaf-376	145	26	the	the	DET
gujaf-376	145	27	firm	firm	ADJ
gujaf-376	145	28	value	value	NOUN
gujaf-376	145	29	.	.	PUNCT
gujaf-376	146	1	this	this	DET
gujaf-376	146	2	finding	finding	NOUN
gujaf-376	146	3	agrees	agree	VERB
gujaf-376	146	4	with	with	ADP
gujaf-376	146	5	the	the	DET
gujaf-376	146	6	studies	study	NOUN
gujaf-376	146	7	of	of	ADP
gujaf-376	146	8	sakawa	sakawa	PROPN
gujaf-376	146	9	and	and	CCONJ
gujaf-376	146	10	watanabel	watanabel	VERB
gujaf-376	146	11	(	(	PUNCT
gujaf-376	146	12	2020	2020	NUM
gujaf-376	146	13	)	)	PUNCT
gujaf-376	146	14	;	;	PUNCT
gujaf-376	147	1	diab	diab	PROPN
gujaf-376	147	2	,	,	PUNCT
gujaf-376	147	3	et	et	PROPN
gujaf-376	147	4	al	al	PROPN
gujaf-376	147	5	.	.	PROPN
gujaf-376	147	6	,	,	PUNCT
gujaf-376	147	7	(	(	PUNCT
gujaf-376	147	8	2021	2021	NUM
gujaf-376	147	9	)	)	PUNCT
gujaf-376	147	10	;	;	PUNCT
gujaf-376	147	11	agustina	agustina	PROPN
gujaf-376	147	12	,	,	PUNCT
gujaf-376	147	13	et	et	PROPN
gujaf-376	147	14	al	al	PROPN
gujaf-376	147	15	.	.	PROPN
gujaf-376	147	16	,	,	PUNCT
gujaf-376	147	17	(	(	PUNCT
gujaf-376	147	18	2023	2023	NUM
gujaf-376	147	19	)	)	PUNCT
gujaf-376	147	20	;	;	PUNCT
gujaf-376	147	21	lifaldi	lifaldi	PROPN
gujaf-376	147	22	,	,	PUNCT
gujaf-376	147	23	et	et	PROPN
gujaf-376	147	24	al	al	PROPN
gujaf-376	147	25	.	.	PROPN
gujaf-376	147	26	,	,	PUNCT
gujaf-376	147	27	(	(	PUNCT
gujaf-376	147	28	2023	2023	NUM
gujaf-376	147	29	)	)	PUNCT
gujaf-376	147	30	furthermore	furthermore	ADV
gujaf-376	147	31	,	,	PUNCT
gujaf-376	147	32	managerial	managerial	ADJ
gujaf-376	147	33	ownership	ownership	NOUN
gujaf-376	147	34	according	accord	VERB
gujaf-376	147	35	to	to	ADP
gujaf-376	147	36	the	the	DET
gujaf-376	147	37	findings	finding	NOUN
gujaf-376	147	38	positively	positively	ADV
gujaf-376	147	39	impacts	impact	VERB
gujaf-376	147	40	the	the	DET
gujaf-376	147	41	value	value	NOUN
gujaf-376	147	42	of	of	ADP
gujaf-376	147	43	listed	list	VERB
gujaf-376	147	44	non	non	ADJ
gujaf-376	147	45	-	-	ADJ
gujaf-376	147	46	financial	financial	ADJ
gujaf-376	147	47	firms	firm	NOUN
gujaf-376	147	48	in	in	ADP
gujaf-376	147	49	nigeria	nigeria	PROPN
gujaf-376	147	50	.	.	PUNCT
gujaf-376	148	1	by	by	ADP
gujaf-376	148	2	implication	implication	NOUN
gujaf-376	148	3	,	,	PUNCT
gujaf-376	148	4	firms	firm	NOUN
gujaf-376	148	5	with	with	ADP
gujaf-376	148	6	managerial	managerial	ADJ
gujaf-376	148	7	ownership	ownership	NOUN
gujaf-376	148	8	have	have	VERB
gujaf-376	148	9	their	their	PRON
gujaf-376	148	10	values	value	NOUN
gujaf-376	148	11	maximized	maximize	VERB
gujaf-376	148	12	as	as	ADP
gujaf-376	148	13	a	a	DET
gujaf-376	148	14	result	result	NOUN
gujaf-376	148	15	of	of	ADP
gujaf-376	148	16	the	the	DET
gujaf-376	148	17	alignment	alignment	NOUN
gujaf-376	148	18	of	of	ADP
gujaf-376	148	19	interests	interest	NOUN
gujaf-376	148	20	,	,	PUNCT
gujaf-376	148	21	enhanced	enhance	VERB
gujaf-376	148	22	decision	decision	NOUN
gujaf-376	148	23	-	-	PUNCT
gujaf-376	148	24	making	making	NOUN
gujaf-376	148	25	,	,	PUNCT
gujaf-376	148	26	reduced	reduced	ADJ
gujaf-376	148	27	agency	agency	NOUN
gujaf-376	148	28	costs	cost	NOUN
gujaf-376	148	29	,	,	PUNCT
gujaf-376	148	30	increased	increase	VERB
gujaf-376	148	31	investor	investor	NOUN
gujaf-376	148	32	confidence	confidence	NOUN
gujaf-376	148	33	,	,	PUNCT
gujaf-376	148	34	mitigation	mitigation	NOUN
gujaf-376	148	35	of	of	ADP
gujaf-376	148	36	risky	risky	ADJ
gujaf-376	148	37	behaviour	behaviour	NOUN
gujaf-376	148	38	,	,	PUNCT
gujaf-376	148	39	dividend	dividend	NOUN
gujaf-376	148	40	policy	policy	NOUN
gujaf-376	148	41	optimization	optimization	NOUN
gujaf-376	148	42	among	among	ADP
gujaf-376	148	43	others	other	NOUN
gujaf-376	148	44	.	.	PUNCT
gujaf-376	149	1	also	also	ADV
gujaf-376	149	2	,	,	PUNCT
gujaf-376	149	3	as	as	SCONJ
gujaf-376	149	4	the	the	DET
gujaf-376	149	5	personal	personal	ADJ
gujaf-376	149	6	wealth	wealth	NOUN
gujaf-376	149	7	of	of	ADP
gujaf-376	149	8	the	the	DET
gujaf-376	149	9	managers	manager	NOUN
gujaf-376	149	10	is	be	AUX
gujaf-376	149	11	tied	tie	VERB
gujaf-376	149	12	to	to	ADP
gujaf-376	149	13	the	the	DET
gujaf-376	149	14	firm	firm	NOUN
gujaf-376	149	15	’s	’s	PART
gujaf-376	149	16	success	success	NOUN
gujaf-376	149	17	,	,	PUNCT
gujaf-376	149	18	hostile	hostile	ADJ
gujaf-376	149	19	takeovers	takeover	NOUN
gujaf-376	149	20	are	be	AUX
gujaf-376	149	21	deterred	deter	VERB
gujaf-376	149	22	;	;	PUNCT
gujaf-376	149	23	costs	cost	NOUN
gujaf-376	149	24	associated	associate	VERB
gujaf-376	149	25	with	with	ADP
gujaf-376	149	26	the	the	DET
gujaf-376	149	27	monitoring	monitoring	NOUN
gujaf-376	149	28	and	and	CCONJ
gujaf-376	149	29	controlling	control	VERB
gujaf-376	149	30	manager	manager	NOUN
gujaf-376	149	31	’s	’s	PART
gujaf-376	149	32	actions	action	NOUN
gujaf-376	149	33	are	be	AUX
gujaf-376	149	34	reduced	reduce	VERB
gujaf-376	149	35	and	and	CCONJ
gujaf-376	149	36	the	the	DET
gujaf-376	149	37	firm	firm	NOUN
gujaf-376	149	38	’s	’s	PART
gujaf-376	149	39	assets	asset	NOUN
gujaf-376	149	40	and	and	CCONJ
gujaf-376	149	41	reputation	reputation	NOUN
gujaf-376	149	42	are	be	AUX
gujaf-376	149	43	protected	protect	VERB
gujaf-376	149	44	thereby	thereby	ADV
gujaf-376	149	45	enhancing	enhance	VERB
gujaf-376	149	46	stability	stability	NOUN
gujaf-376	149	47	,	,	PUNCT
gujaf-376	149	48	operational	operational	ADJ
gujaf-376	149	49	efficiency	efficiency	NOUN
gujaf-376	149	50	and	and	CCONJ
gujaf-376	149	51	value	value	NOUN
gujaf-376	149	52	maximization	maximization	NOUN
gujaf-376	149	53	.	.	PUNCT
gujaf-376	150	1	this	this	DET
gujaf-376	150	2	finding	finding	NOUN
gujaf-376	150	3	concurs	concur	VERB
gujaf-376	150	4	with	with	ADP
gujaf-376	150	5	the	the	DET
gujaf-376	150	6	studies	study	NOUN
gujaf-376	150	7	of	of	ADP
gujaf-376	150	8	fujianti	fujianti	NOUN
gujaf-376	150	9	et	et	PROPN
gujaf-376	150	10	al	al	PROPN
gujaf-376	150	11	.	.	PROPN
gujaf-376	150	12	,	,	PUNCT
gujaf-376	150	13	(	(	PUNCT
gujaf-376	150	14	2020	2020	NUM
gujaf-376	150	15	)	)	PUNCT
gujaf-376	150	16	;	;	PUNCT
gujaf-376	150	17	fitri	fitri	NOUN
gujaf-376	150	18	and	and	CCONJ
gujaf-376	150	19	eddy	eddy	PROPN
gujaf-376	150	20	(	(	PUNCT
gujaf-376	150	21	2023	2023	NUM
gujaf-376	150	22	)	)	PUNCT
gujaf-376	150	23	;	;	PUNCT
gujaf-376	150	24	indy	indy	X
gujaf-376	150	25	(	(	PUNCT
gujaf-376	150	26	2023	2023	NUM
gujaf-376	150	27	)	)	PUNCT
gujaf-376	150	28	.	.	PUNCT
gujaf-376	151	1	in	in	ADP
gujaf-376	151	2	addition	addition	NOUN
gujaf-376	151	3	,	,	PUNCT
gujaf-376	151	4	the	the	DET
gujaf-376	151	5	findings	finding	NOUN
gujaf-376	151	6	pontificate	pontificate	VERB
gujaf-376	151	7	that	that	SCONJ
gujaf-376	151	8	ownership	ownership	NOUN
gujaf-376	151	9	concentration	concentration	NOUN
gujaf-376	151	10	positively	positively	ADV
gujaf-376	151	11	impacts	impact	VERB
gujaf-376	151	12	the	the	DET
gujaf-376	151	13	firm	firm	ADJ
gujaf-376	151	14	value	value	NOUN
gujaf-376	151	15	of	of	ADP
gujaf-376	151	16	listed	list	VERB
gujaf-376	151	17	non	non	ADJ
gujaf-376	151	18	-	-	ADJ
gujaf-376	151	19	financial	financial	ADJ
gujaf-376	151	20	firms	firm	NOUN
gujaf-376	151	21	in	in	ADP
gujaf-376	151	22	nigeria	nigeria	PROPN
gujaf-376	151	23	and	and	CCONJ
gujaf-376	151	24	by	by	ADP
gujaf-376	151	25	implication	implication	NOUN
gujaf-376	151	26	,	,	PUNCT
gujaf-376	151	27	significant	significant	ADJ
gujaf-376	151	28	shareholders	shareholder	NOUN
gujaf-376	151	29	are	be	AUX
gujaf-376	151	30	granted	grant	VERB
gujaf-376	151	31	incentives	incentive	NOUN
gujaf-376	151	32	to	to	PART
gujaf-376	151	33	closely	closely	ADV
gujaf-376	151	34	monitor	monitor	VERB
gujaf-376	151	35	managerial	managerial	ADJ
gujaf-376	151	36	actions	action	NOUN
gujaf-376	151	37	;	;	PUNCT
gujaf-376	151	38	maintain	maintain	VERB
gujaf-376	151	39	a	a	DET
gujaf-376	151	40	balanced	balanced	ADJ
gujaf-376	151	41	risk	risk	NOUN
gujaf-376	151	42	profile	profile	NOUN
gujaf-376	151	43	and	and	CCONJ
gujaf-376	151	44	effectively	effectively	ADV
gujaf-376	151	45	allocate	allocate	VERB
gujaf-376	151	46	resources	resource	NOUN
gujaf-376	151	47	thereby	thereby	ADV
gujaf-376	151	48	reducing	reduce	VERB
gujaf-376	151	49	agency	agency	NOUN
gujaf-376	151	50	-	-	PUNCT
gujaf-376	151	51	related	relate	VERB
gujaf-376	151	52	expenses	expense	NOUN
gujaf-376	151	53	and	and	CCONJ
gujaf-376	151	54	likelihood	likelihood	NOUN
gujaf-376	151	55	of	of	ADP
gujaf-376	151	56	managerial	managerial	ADJ
gujaf-376	151	57	opportunism	opportunism	NOUN
gujaf-376	151	58	which	which	PRON
gujaf-376	151	59	may	may	AUX
gujaf-376	151	60	hamper	hamper	VERB
gujaf-376	151	61	the	the	DET
gujaf-376	151	62	firm	firm	ADJ
gujaf-376	151	63	value	value	NOUN
gujaf-376	151	64	.	.	PUNCT
gujaf-376	152	1	this	this	DET
gujaf-376	152	2	finding	finding	NOUN
gujaf-376	152	3	agrees	agree	VERB
gujaf-376	152	4	with	with	ADP
gujaf-376	152	5	the	the	DET
gujaf-376	152	6	studies	study	NOUN
gujaf-376	152	7	of	of	ADP
gujaf-376	152	8	abdulfatah	abdulfatah	PROPN
gujaf-376	152	9	et	et	PROPN
gujaf-376	152	10	al	al	PROPN
gujaf-376	152	11	.	.	PROPN
gujaf-376	153	1	(	(	PUNCT
gujaf-376	153	2	2023	2023	NUM
gujaf-376	153	3	)	)	PUNCT
gujaf-376	153	4	;	;	PUNCT
gujaf-376	154	1	hashmi	hashmi	PROPN
gujaf-376	154	2	et	et	PROPN
gujaf-376	154	3	al	al	PROPN
gujaf-376	154	4	.	.	PROPN
gujaf-376	154	5	,	,	PUNCT
gujaf-376	154	6	(	(	PUNCT
gujaf-376	154	7	2023	2023	NUM
gujaf-376	154	8	)	)	PUNCT
gujaf-376	154	9	;	;	PUNCT
gujaf-376	154	10	waris	waris	PROPN
gujaf-376	154	11	and	and	CCONJ
gujaf-376	154	12	din	din	PROPN
gujaf-376	154	13	(	(	PUNCT
gujaf-376	154	14	2023	2023	NUM
gujaf-376	154	15	)	)	PUNCT
gujaf-376	154	16	;	;	PUNCT
gujaf-376	154	17	rastogi	rastogi	ADV
gujaf-376	154	18	,	,	PUNCT
gujaf-376	154	19	et	et	PROPN
gujaf-376	154	20	al	al	PROPN
gujaf-376	154	21	.	.	PROPN
gujaf-376	154	22	,	,	PUNCT
gujaf-376	154	23	(	(	PUNCT
gujaf-376	154	24	2023	2023	NUM
gujaf-376	154	25	)	)	PUNCT
gujaf-376	154	26	gusau	gusau	ADJ
gujaf-376	154	27	journal	journal	NOUN
gujaf-376	154	28	of	of	ADP
gujaf-376	154	29	accounting	accounting	NOUN
gujaf-376	154	30	and	and	CCONJ
gujaf-376	154	31	finance	finance	NOUN
gujaf-376	154	32	,	,	PUNCT
gujaf-376	154	33	vol.6	vol.6	PROPN
gujaf-376	154	34	,	,	PUNCT
gujaf-376	154	35	issue	issue	NOUN
gujaf-376	154	36	1	1	NUM
gujaf-376	154	37	,	,	PUNCT
gujaf-376	154	38	april	april	PROPN
gujaf-376	154	39	,	,	PUNCT
gujaf-376	154	40	2025	2025	NUM
gujaf-376	154	41	163	163	NUM
gujaf-376	154	42	likewise	likewise	ADV
gujaf-376	154	43	,	,	PUNCT
gujaf-376	154	44	the	the	DET
gujaf-376	154	45	findings	finding	NOUN
gujaf-376	154	46	hold	hold	VERB
gujaf-376	154	47	forth	forth	ADP
gujaf-376	154	48	that	that	SCONJ
gujaf-376	154	49	foreign	foreign	ADJ
gujaf-376	154	50	ownership	ownership	NOUN
gujaf-376	154	51	positively	positively	ADV
gujaf-376	154	52	impacts	impact	VERB
gujaf-376	154	53	the	the	DET
gujaf-376	154	54	firm	firm	ADJ
gujaf-376	154	55	value	value	NOUN
gujaf-376	154	56	of	of	ADP
gujaf-376	154	57	listed	list	VERB
gujaf-376	154	58	non	non	ADJ
gujaf-376	154	59	-	-	ADJ
gujaf-376	154	60	financial	financial	ADJ
gujaf-376	154	61	firms	firm	NOUN
gujaf-376	154	62	as	as	SCONJ
gujaf-376	154	63	firms	firm	NOUN
gujaf-376	154	64	with	with	ADP
gujaf-376	154	65	foreign	foreign	ADJ
gujaf-376	154	66	ownership	ownership	NOUN
gujaf-376	154	67	enjoy	enjoy	VERB
gujaf-376	154	68	combined	combine	VERB
gujaf-376	154	69	benefits	benefit	NOUN
gujaf-376	154	70	of	of	ADP
gujaf-376	154	71	access	access	NOUN
gujaf-376	154	72	to	to	ADP
gujaf-376	154	73	advanced	advanced	ADJ
gujaf-376	154	74	technology	technology	NOUN
gujaf-376	154	75	,	,	PUNCT
gujaf-376	154	76	capital	capital	NOUN
gujaf-376	154	77	inflow	inflow	NOUN
gujaf-376	154	78	,	,	PUNCT
gujaf-376	154	79	enhanced	enhance	VERB
gujaf-376	154	80	corporate	corporate	ADJ
gujaf-376	154	81	governance	governance	NOUN
gujaf-376	154	82	,	,	PUNCT
gujaf-376	154	83	knowledge	knowledge	NOUN
gujaf-376	154	84	transfer	transfer	NOUN
gujaf-376	154	85	,	,	PUNCT
gujaf-376	154	86	export	export	NOUN
gujaf-376	154	87	market	market	NOUN
gujaf-376	154	88	expansion	expansion	NOUN
gujaf-376	154	89	,	,	PUNCT
gujaf-376	154	90	exchange	exchange	NOUN
gujaf-376	154	91	rate	rate	NOUN
gujaf-376	154	92	risk	risk	NOUN
gujaf-376	154	93	mitigation	mitigation	NOUN
gujaf-376	154	94	,	,	PUNCT
gujaf-376	154	95	policy	policy	NOUN
gujaf-376	154	96	advocacy	advocacy	NOUN
gujaf-376	154	97	influence	influence	NOUN
gujaf-376	154	98	among	among	ADP
gujaf-376	154	99	others	other	NOUN
gujaf-376	154	100	that	that	PRON
gujaf-376	154	101	ultimately	ultimately	ADV
gujaf-376	154	102	enhance	enhance	VERB
gujaf-376	154	103	the	the	DET
gujaf-376	154	104	firm	firm	ADJ
gujaf-376	154	105	value	value	NOUN
gujaf-376	154	106	.	.	PUNCT
gujaf-376	155	1	essentially	essentially	ADV
gujaf-376	155	2	,	,	PUNCT
gujaf-376	155	3	foreign	foreign	ADJ
gujaf-376	155	4	investors	investor	NOUN
gujaf-376	155	5	demand	demand	VERB
gujaf-376	155	6	higher	high	ADJ
gujaf-376	155	7	standards	standard	NOUN
gujaf-376	155	8	of	of	ADP
gujaf-376	155	9	governance	governance	NOUN
gujaf-376	155	10	and	and	CCONJ
gujaf-376	155	11	transparency	transparency	NOUN
gujaf-376	155	12	which	which	PRON
gujaf-376	155	13	later	later	ADV
gujaf-376	155	14	translate	translate	VERB
gujaf-376	155	15	to	to	ADP
gujaf-376	155	16	efficient	efficient	ADJ
gujaf-376	155	17	management	management	NOUN
gujaf-376	155	18	of	of	ADP
gujaf-376	155	19	resources	resource	NOUN
gujaf-376	155	20	and	and	CCONJ
gujaf-376	155	21	aligning	align	VERB
gujaf-376	155	22	the	the	DET
gujaf-376	155	23	operational	operational	ADJ
gujaf-376	155	24	activities	activity	NOUN
gujaf-376	155	25	to	to	ADP
gujaf-376	155	26	the	the	DET
gujaf-376	155	27	best	good	ADJ
gujaf-376	155	28	international	international	ADJ
gujaf-376	155	29	standards	standard	NOUN
gujaf-376	155	30	thereby	thereby	ADV
gujaf-376	155	31	improving	improve	VERB
gujaf-376	155	32	the	the	DET
gujaf-376	155	33	firms	firm	NOUN
gujaf-376	155	34	’	’	PART
gujaf-376	155	35	performance	performance	NOUN
gujaf-376	155	36	and	and	CCONJ
gujaf-376	155	37	enhancing	enhance	VERB
gujaf-376	155	38	the	the	DET
gujaf-376	155	39	value	value	NOUN
gujaf-376	155	40	of	of	ADP
gujaf-376	155	41	the	the	DET
gujaf-376	155	42	firm	firm	NOUN
gujaf-376	155	43	.	.	PUNCT
gujaf-376	156	1	this	this	DET
gujaf-376	156	2	finding	finding	NOUN
gujaf-376	156	3	agrees	agree	VERB
gujaf-376	156	4	with	with	ADP
gujaf-376	156	5	the	the	DET
gujaf-376	156	6	submissions	submission	NOUN
gujaf-376	156	7	of	of	ADP
gujaf-376	156	8	wulandari	wulandari	ADJ
gujaf-376	156	9	and	and	CCONJ
gujaf-376	156	10	setiawan	setiawan	X
gujaf-376	156	11	(	(	PUNCT
gujaf-376	156	12	2021	2021	NUM
gujaf-376	156	13	)	)	PUNCT
gujaf-376	156	14	;	;	PUNCT
gujaf-376	156	15	satrio	satrio	NOUN
gujaf-376	156	16	(	(	PUNCT
gujaf-376	156	17	2022	2022	NUM
gujaf-376	156	18	)	)	PUNCT
gujaf-376	156	19	;	;	PUNCT
gujaf-376	156	20	sumarno	sumarno	NOUN
gujaf-376	156	21	and	and	CCONJ
gujaf-376	156	22	setiawan	setiawan	X
gujaf-376	156	23	(	(	PUNCT
gujaf-376	156	24	2023	2023	NUM
gujaf-376	156	25	)	)	PUNCT
gujaf-376	156	26	.	.	PUNCT
gujaf-376	157	1	5.0	5.0	NUM
gujaf-376	157	2	conclusion	conclusion	NOUN
gujaf-376	157	3	and	and	CCONJ
gujaf-376	157	4	recommendation	recommendation	NOUN
gujaf-376	157	5	based	base	VERB
gujaf-376	157	6	on	on	ADP
gujaf-376	157	7	the	the	DET
gujaf-376	157	8	findings	finding	NOUN
gujaf-376	157	9	,	,	PUNCT
gujaf-376	157	10	it	it	PRON
gujaf-376	157	11	is	be	AUX
gujaf-376	157	12	concluded	conclude	VERB
gujaf-376	157	13	that	that	SCONJ
gujaf-376	157	14	the	the	DET
gujaf-376	157	15	ownership	ownership	NOUN
gujaf-376	157	16	attributes	attribute	VERB
gujaf-376	157	17	,	,	PUNCT
gujaf-376	157	18	among	among	ADP
gujaf-376	157	19	which	which	PRON
gujaf-376	157	20	are	be	AUX
gujaf-376	157	21	institutional	institutional	ADJ
gujaf-376	157	22	ownership	ownership	NOUN
gujaf-376	157	23	,	,	PUNCT
gujaf-376	157	24	managerial	managerial	ADJ
gujaf-376	157	25	ownership	ownership	NOUN
gujaf-376	157	26	,	,	PUNCT
gujaf-376	157	27	ownership	ownership	NOUN
gujaf-376	157	28	concentration	concentration	NOUN
gujaf-376	157	29	,	,	PUNCT
gujaf-376	157	30	and	and	CCONJ
gujaf-376	157	31	foreign	foreign	ADJ
gujaf-376	157	32	ownership	ownership	NOUN
gujaf-376	157	33	,	,	PUNCT
gujaf-376	157	34	enhance	enhance	VERB
gujaf-376	157	35	the	the	DET
gujaf-376	157	36	firm	firm	ADJ
gujaf-376	157	37	value	value	NOUN
gujaf-376	157	38	of	of	ADP
gujaf-376	157	39	listed	list	VERB
gujaf-376	157	40	non	non	ADJ
gujaf-376	157	41	-	-	ADJ
gujaf-376	157	42	financial	financial	ADJ
gujaf-376	157	43	firms	firm	NOUN
gujaf-376	157	44	in	in	ADP
gujaf-376	157	45	nigeria	nigeria	PROPN
gujaf-376	157	46	.	.	PUNCT
gujaf-376	158	1	succinctly	succinctly	ADV
gujaf-376	158	2	,	,	PUNCT
gujaf-376	158	3	the	the	DET
gujaf-376	158	4	study	study	NOUN
gujaf-376	158	5	concludes	conclude	VERB
gujaf-376	158	6	that	that	SCONJ
gujaf-376	158	7	:	:	PUNCT
gujaf-376	158	8	i.	i.	NOUN
gujaf-376	158	9	robust	robust	ADJ
gujaf-376	158	10	oversight	oversight	NOUN
gujaf-376	158	11	and	and	CCONJ
gujaf-376	158	12	monitoring	monitoring	NOUN
gujaf-376	158	13	provided	provide	VERB
gujaf-376	158	14	through	through	ADP
gujaf-376	158	15	institutional	institutional	ADJ
gujaf-376	158	16	ownership	ownership	NOUN
gujaf-376	158	17	promote	promote	NOUN
gujaf-376	158	18	transparency	transparency	NOUN
gujaf-376	158	19	and	and	CCONJ
gujaf-376	158	20	accountability	accountability	NOUN
gujaf-376	158	21	,	,	PUNCT
gujaf-376	158	22	which	which	PRON
gujaf-376	158	23	further	far	ADV
gujaf-376	158	24	mitigate	mitigate	VERB
gujaf-376	158	25	risks	risk	NOUN
gujaf-376	158	26	and	and	CCONJ
gujaf-376	158	27	enhance	enhance	VERB
gujaf-376	158	28	firm	firm	ADJ
gujaf-376	158	29	value	value	NOUN
gujaf-376	158	30	.	.	PUNCT
gujaf-376	159	1	ii	ii	X
gujaf-376	159	2	.	.	PUNCT
gujaf-376	160	1	incentivising	incentivise	VERB
gujaf-376	160	2	managers	manager	NOUN
gujaf-376	160	3	through	through	ADP
gujaf-376	160	4	equity	equity	NOUN
gujaf-376	160	5	shares	share	NOUN
gujaf-376	160	6	fosters	foster	VERB
gujaf-376	160	7	efficient	efficient	ADJ
gujaf-376	160	8	resources	resource	NOUN
gujaf-376	160	9	and	and	CCONJ
gujaf-376	160	10	motivates	motivate	VERB
gujaf-376	160	11	the	the	DET
gujaf-376	160	12	pursuance	pursuance	NOUN
gujaf-376	160	13	of	of	ADP
gujaf-376	160	14	strategies	strategy	NOUN
gujaf-376	160	15	that	that	PRON
gujaf-376	160	16	maximize	maximize	VERB
gujaf-376	160	17	the	the	DET
gujaf-376	160	18	long	long	ADJ
gujaf-376	160	19	-	-	PUNCT
gujaf-376	160	20	term	term	NOUN
gujaf-376	160	21	value	value	NOUN
gujaf-376	160	22	of	of	ADP
gujaf-376	160	23	the	the	DET
gujaf-376	160	24	firm	firm	NOUN
gujaf-376	160	25	.	.	PUNCT
gujaf-376	161	1	iii	iii	X
gujaf-376	161	2	.	.	PUNCT
gujaf-376	161	3	ownership	ownership	NOUN
gujaf-376	161	4	concentration	concentration	NOUN
gujaf-376	161	5	ensures	ensure	VERB
gujaf-376	161	6	strategic	strategic	ADJ
gujaf-376	161	7	alignment	alignment	NOUN
gujaf-376	161	8	and	and	CCONJ
gujaf-376	161	9	mitigates	mitigate	VERB
gujaf-376	161	10	inefficiencies	inefficiency	NOUN
gujaf-376	161	11	iv	iv	NOUN
gujaf-376	161	12	.	.	PUNCT
gujaf-376	162	1	the	the	DET
gujaf-376	162	2	introduction	introduction	NOUN
gujaf-376	162	3	of	of	ADP
gujaf-376	162	4	global	global	ADJ
gujaf-376	162	5	expertise	expertise	NOUN
gujaf-376	162	6	and	and	CCONJ
gujaf-376	162	7	access	access	NOUN
gujaf-376	162	8	to	to	ADP
gujaf-376	162	9	the	the	DET
gujaf-376	162	10	international	international	ADJ
gujaf-376	162	11	market	market	NOUN
gujaf-376	162	12	through	through	ADP
gujaf-376	162	13	foreign	foreign	ADJ
gujaf-376	162	14	ownership	ownership	NOUN
gujaf-376	162	15	also	also	ADV
gujaf-376	162	16	enhances	enhance	VERB
gujaf-376	162	17	firm	firm	ADJ
gujaf-376	162	18	value	value	NOUN
gujaf-376	162	19	.	.	PUNCT
gujaf-376	163	1	it	it	PRON
gujaf-376	163	2	is	be	AUX
gujaf-376	163	3	therefore	therefore	ADV
gujaf-376	163	4	recommended	recommend	VERB
gujaf-376	163	5	that	that	SCONJ
gujaf-376	163	6	i.	i.	PROPN
gujaf-376	163	7	securities	securities	PROPN
gujaf-376	163	8	and	and	CCONJ
gujaf-376	163	9	exchange	exchange	PROPN
gujaf-376	163	10	commission	commission	PROPN
gujaf-376	163	11	(	(	PUNCT
gujaf-376	163	12	sec	sec	PROPN
gujaf-376	163	13	)	)	PUNCT
gujaf-376	163	14	and	and	CCONJ
gujaf-376	163	15	nigerian	nigerian	ADJ
gujaf-376	163	16	exchange	exchange	NOUN
gujaf-376	163	17	group	group	NOUN
gujaf-376	163	18	(	(	PUNCT
gujaf-376	163	19	ngx	ngx	NOUN
gujaf-376	163	20	)	)	PUNCT
gujaf-376	163	21	should	should	AUX
gujaf-376	163	22	develop	develop	VERB
gujaf-376	163	23	policies	policy	NOUN
gujaf-376	163	24	that	that	PRON
gujaf-376	163	25	promote	promote	VERB
gujaf-376	163	26	active	active	ADJ
gujaf-376	163	27	and	and	CCONJ
gujaf-376	163	28	long	long	ADJ
gujaf-376	163	29	-	-	PUNCT
gujaf-376	163	30	term	term	NOUN
gujaf-376	163	31	institutional	institutional	ADJ
gujaf-376	163	32	investment	investment	NOUN
gujaf-376	163	33	in	in	ADP
gujaf-376	163	34	non	non	ADJ
gujaf-376	163	35	-	-	ADJ
gujaf-376	163	36	financial	financial	ADJ
gujaf-376	163	37	listed	list	VERB
gujaf-376	163	38	firms	firm	NOUN
gujaf-376	163	39	,	,	PUNCT
gujaf-376	163	40	as	as	SCONJ
gujaf-376	163	41	they	they	PRON
gujaf-376	163	42	are	be	AUX
gujaf-376	163	43	more	more	ADV
gujaf-376	163	44	likely	likely	ADJ
gujaf-376	163	45	to	to	PART
gujaf-376	163	46	support	support	VERB
gujaf-376	163	47	sustainable	sustainable	ADJ
gujaf-376	163	48	value	value	NOUN
gujaf-376	163	49	creation	creation	NOUN
gujaf-376	163	50	strategies	strategy	NOUN
gujaf-376	163	51	ii	ii	NOUN
gujaf-376	163	52	.	.	PUNCT
gujaf-376	164	1	firms	firm	NOUN
gujaf-376	164	2	should	should	AUX
gujaf-376	164	3	introduce	introduce	VERB
gujaf-376	164	4	stock	stock	NOUN
gujaf-376	164	5	options	option	NOUN
gujaf-376	164	6	or	or	CCONJ
gujaf-376	164	7	performance	performance	NOUN
gujaf-376	164	8	-	-	PUNCT
gujaf-376	164	9	based	base	VERB
gujaf-376	164	10	equity	equity	NOUN
gujaf-376	164	11	awards	award	NOUN
gujaf-376	164	12	to	to	PART
gujaf-376	164	13	motivate	motivate	VERB
gujaf-376	164	14	managers	manager	NOUN
gujaf-376	164	15	to	to	PART
gujaf-376	164	16	focus	focus	VERB
gujaf-376	164	17	on	on	ADP
gujaf-376	164	18	long	long	ADJ
gujaf-376	164	19	-	-	PUNCT
gujaf-376	164	20	term	term	NOUN
gujaf-376	164	21	firm	firm	ADJ
gujaf-376	164	22	value	value	NOUN
gujaf-376	164	23	;	;	PUNCT
gujaf-376	164	24	iii	iii	X
gujaf-376	164	25	.	.	NOUN
gujaf-376	164	26	optimal	optimal	ADJ
gujaf-376	164	27	level	level	NOUN
gujaf-376	164	28	of	of	ADP
gujaf-376	164	29	concentrated	concentrated	ADJ
gujaf-376	164	30	ownership	ownership	NOUN
gujaf-376	164	31	should	should	AUX
gujaf-376	164	32	be	be	AUX
gujaf-376	164	33	maintained	maintain	VERB
gujaf-376	164	34	by	by	ADP
gujaf-376	164	35	listed	list	VERB
gujaf-376	164	36	non	non	ADJ
gujaf-376	164	37	-	-	ADJ
gujaf-376	164	38	financial	financial	ADJ
gujaf-376	164	39	firms	firm	NOUN
gujaf-376	164	40	to	to	PART
gujaf-376	164	41	ensure	ensure	VERB
gujaf-376	164	42	effective	effective	ADJ
gujaf-376	164	43	oversight	oversight	NOUN
gujaf-376	164	44	without	without	ADP
gujaf-376	164	45	undermining	undermine	VERB
gujaf-376	164	46	the	the	DET
gujaf-376	164	47	benefits	benefit	NOUN
gujaf-376	164	48	of	of	ADP
gujaf-376	164	49	broader	broad	ADJ
gujaf-376	164	50	shareholder	shareholder	NOUN
gujaf-376	164	51	representation	representation	NOUN
gujaf-376	164	52	.	.	PUNCT
gujaf-376	165	1	iv	iv	X
gujaf-376	165	2	.	.	PUNCT
gujaf-376	165	3	collaboration	collaboration	NOUN
gujaf-376	165	4	between	between	ADP
gujaf-376	165	5	foreign	foreign	ADJ
gujaf-376	165	6	and	and	CCONJ
gujaf-376	165	7	domestic	domestic	ADJ
gujaf-376	165	8	stakeholders	stakeholder	NOUN
gujaf-376	165	9	should	should	AUX
gujaf-376	165	10	be	be	AUX
gujaf-376	165	11	fostered	foster	VERB
gujaf-376	165	12	by	by	ADP
gujaf-376	165	13	firms	firm	NOUN
gujaf-376	165	14	to	to	PART
gujaf-376	165	15	address	address	VERB
gujaf-376	165	16	potential	potential	ADJ
gujaf-376	165	17	cultural	cultural	ADJ
gujaf-376	165	18	and	and	CCONJ
gujaf-376	165	19	operational	operational	ADJ
gujaf-376	165	20	challenges	challenge	NOUN
gujaf-376	165	21	that	that	PRON
gujaf-376	165	22	could	could	AUX
gujaf-376	165	23	diminish	diminish	VERB
gujaf-376	165	24	firm	firm	ADJ
gujaf-376	165	25	value	value	NOUN
gujaf-376	165	26	.	.	PUNCT
gujaf-376	166	1	references	reference	NOUN
gujaf-376	166	2	abubakar	abubakar	PROPN
gujaf-376	166	3	,	,	PUNCT
gujaf-376	166	4	y.	y.	PROPN
gujaf-376	166	5	,	,	PUNCT
gujaf-376	166	6	umaru	umaru	PROPN
gujaf-376	166	7	,	,	PUNCT
gujaf-376	166	8	d.	d.	PROPN
gujaf-376	166	9	,	,	PUNCT
gujaf-376	166	10	&	&	CCONJ
gujaf-376	166	11	daikwo	daikwo	PROPN
gujaf-376	166	12	,	,	PUNCT
gujaf-376	166	13	a.	a.	NOUN
gujaf-376	166	14	(	(	PUNCT
gujaf-376	166	15	2019	2019	NUM
gujaf-376	166	16	)	)	PUNCT
gujaf-376	166	17	.	.	PUNCT
gujaf-376	167	1	institutional	institutional	ADJ
gujaf-376	167	2	ownership	ownership	NOUN
gujaf-376	167	3	and	and	CCONJ
gujaf-376	167	4	financial	financial	ADJ
gujaf-376	167	5	performance	performance	NOUN
gujaf-376	167	6	of	of	ADP
gujaf-376	167	7	quoted	quote	VERB
gujaf-376	167	8	building	building	NOUN
gujaf-376	167	9	materials	material	NOUN
gujaf-376	167	10	firms	firm	NOUN
gujaf-376	167	11	in	in	ADP
gujaf-376	167	12	nigeria	nigeria	PROPN
gujaf-376	167	13	.	.	PUNCT
gujaf-376	168	1	international	international	ADJ
gujaf-376	168	2	journal	journal	PROPN
gujaf-376	168	3	of	of	ADP
gujaf-376	168	4	research	research	NOUN
gujaf-376	168	5	and	and	CCONJ
gujaf-376	168	6	scientific	scientific	ADJ
gujaf-376	168	7	innovation	innovation	NOUN
gujaf-376	168	8	,	,	PUNCT
gujaf-376	168	9	6(5	6(5	NUM
gujaf-376	168	10	)	)	PUNCT
gujaf-376	168	11	,	,	PUNCT
gujaf-376	168	12	269	269	NUM
gujaf-376	168	13	-	-	SYM
gujaf-376	168	14	273	273	NUM
gujaf-376	168	15	.	.	PUNCT
gujaf-376	168	16	agustia	agustia	PROPN
gujaf-376	168	17	,	,	PUNCT
gujaf-376	168	18	d.	d.	PROPN
gujaf-376	168	19	,	,	PUNCT
gujaf-376	168	20	dianawati	dianawati	PROPN
gujaf-376	168	21	,	,	PUNCT
gujaf-376	168	22	w.	w.	PROPN
gujaf-376	168	23	,	,	PUNCT
gujaf-376	168	24	&	&	CCONJ
gujaf-376	168	25	indah	indah	PROPN
gujaf-376	168	26	,	,	PUNCT
gujaf-376	168	27	d.	d.	PROPN
gujaf-376	168	28	r.	r.	PROPN
gujaf-376	168	29	a.	a.	PROPN
gujaf-376	168	30	(	(	PUNCT
gujaf-376	168	31	2019	2019	NUM
gujaf-376	168	32	)	)	PUNCT
gujaf-376	168	33	.	.	PUNCT
gujaf-376	169	1	managerial	managerial	ADJ
gujaf-376	169	2	ownership	ownership	NOUN
gujaf-376	169	3	,	,	PUNCT
gujaf-376	169	4	corporate	corporate	ADJ
gujaf-376	169	5	social	social	ADJ
gujaf-376	169	6	responsibility	responsibility	NOUN
gujaf-376	169	7	disclosure	disclosure	NOUN
gujaf-376	169	8	and	and	CCONJ
gujaf-376	169	9	corporate	corporate	ADJ
gujaf-376	169	10	performance	performance	NOUN
gujaf-376	169	11	.	.	PUNCT
gujaf-376	170	1	management	management	NOUN
gujaf-376	170	2	of	of	ADP
gujaf-376	170	3	sustainable	sustainable	ADJ
gujaf-376	170	4	development	development	NOUN
gujaf-376	170	5	,	,	PUNCT
gujaf-376	170	6	10(2	10(2	NUM
gujaf-376	170	7	)	)	PUNCT
gujaf-376	170	8	,	,	PUNCT
gujaf-376	170	9	67–71	67–71	NOUN
gujaf-376	170	10	.	.	PUNCT
gujaf-376	171	1	https://doi.org/10.2478/msd-2019-0011	https://doi.org/10.2478/msd-2019-0011	PROPN
gujaf-376	171	2	akmalia	akmalia	PROPN
gujaf-376	171	3	,	,	PUNCT
gujaf-376	171	4	a.	a.	NOUN
gujaf-376	171	5	,	,	PUNCT
gujaf-376	171	6	&	&	CCONJ
gujaf-376	171	7	aliyah	aliyah	PROPN
gujaf-376	171	8	,	,	PUNCT
gujaf-376	171	9	s.	s.	PROPN
gujaf-376	171	10	a.	a.	PROPN
gujaf-376	171	11	(	(	PUNCT
gujaf-376	171	12	2022	2022	NUM
gujaf-376	171	13	)	)	PUNCT
gujaf-376	171	14	.	.	PUNCT
gujaf-376	172	1	the	the	DET
gujaf-376	172	2	role	role	NOUN
gujaf-376	172	3	of	of	ADP
gujaf-376	172	4	financial	financial	ADJ
gujaf-376	172	5	performance	performance	NOUN
gujaf-376	172	6	in	in	ADP
gujaf-376	172	7	mediating	mediate	VERB
gujaf-376	172	8	the	the	DET
gujaf-376	172	9	effect	effect	NOUN
gujaf-376	172	10	of	of	ADP
gujaf-376	172	11	institutional	institutional	ADJ
gujaf-376	172	12	ownership	ownership	NOUN
gujaf-376	172	13	,	,	PUNCT
gujaf-376	172	14	company	company	NOUN
gujaf-376	172	15	size	size	NOUN
gujaf-376	172	16	and	and	CCONJ
gujaf-376	172	17	sales	sale	NOUN
gujaf-376	172	18	growth	growth	NOUN
gujaf-376	172	19	on	on	ADP
gujaf-376	172	20	firm	firm	ADJ
gujaf-376	172	21	value	value	NOUN
gujaf-376	172	22	.	.	PUNCT
gujaf-376	173	1	jurnal	jurnal	ADJ
gujaf-376	173	2	manajemen	manajeman	NOUN
gujaf-376	173	3	bisnis	bisnis	PROPN
gujaf-376	173	4	,	,	PUNCT
gujaf-376	173	5	9(2	9(2	NUM
gujaf-376	173	6	)	)	PUNCT
gujaf-376	173	7	,	,	PUNCT
gujaf-376	173	8	274	274	NUM
gujaf-376	173	9	-	-	SYM
gujaf-376	173	10	279	279	NUM
gujaf-376	173	11	.	.	PUNCT
gujaf-376	174	1	gusau	gusau	ADJ
gujaf-376	174	2	journal	journal	PROPN
gujaf-376	174	3	of	of	ADP
gujaf-376	174	4	accounting	accounting	NOUN
gujaf-376	174	5	and	and	CCONJ
gujaf-376	174	6	finance	finance	NOUN
gujaf-376	174	7	,	,	PUNCT
gujaf-376	174	8	vol.6	vol.6	PROPN
gujaf-376	174	9	,	,	PUNCT
gujaf-376	174	10	issue	issue	NOUN
gujaf-376	174	11	1	1	NUM
gujaf-376	174	12	,	,	PUNCT
gujaf-376	174	13	april	april	PROPN
gujaf-376	174	14	,	,	PUNCT
gujaf-376	174	15	2025	2025	NUM
gujaf-376	174	16	164	164	NUM
gujaf-376	174	17	alexandria	alexandria	PROPN
gujaf-376	174	18	,	,	PUNCT
gujaf-376	174	19	v.	v.	ADP
gujaf-376	174	20	a.	a.	PROPN
gujaf-376	174	21	,	,	PUNCT
gujaf-376	174	22	&	&	CCONJ
gujaf-376	174	23	radianto	radianto	PROPN
gujaf-376	174	24	,	,	PUNCT
gujaf-376	174	25	w.	w.	PROPN
gujaf-376	174	26	e.	e.	PROPN
gujaf-376	174	27	d.	d.	PROPN
gujaf-376	174	28	(	(	PUNCT
gujaf-376	174	29	2023	2023	NUM
gujaf-376	174	30	)	)	PUNCT
gujaf-376	174	31	.	.	PUNCT
gujaf-376	175	1	inovbiz	inovbiz	PROPN
gujaf-376	175	2	the	the	DET
gujaf-376	175	3	impact	impact	NOUN
gujaf-376	175	4	of	of	ADP
gujaf-376	175	5	tax	tax	NOUN
gujaf-376	175	6	,	,	PUNCT
gujaf-376	175	7	foreign	foreign	ADJ
gujaf-376	175	8	ownership	ownership	NOUN
gujaf-376	175	9	,	,	PUNCT
gujaf-376	175	10	and	and	CCONJ
gujaf-376	175	11	firm	firm	ADJ
gujaf-376	175	12	size	size	NOUN
gujaf-376	175	13	on	on	ADP
gujaf-376	175	14	transfer	transfer	NOUN
gujaf-376	175	15	pricing	pricing	NOUN
gujaf-376	175	16	(	(	PUNCT
gujaf-376	175	17	empirical	empirical	ADJ
gujaf-376	175	18	studies	study	NOUN
gujaf-376	175	19	on	on	ADP
gujaf-376	175	20	coal	coal	NOUN
gujaf-376	175	21	mining	mining	NOUN
gujaf-376	175	22	sub	sub	ADJ
gujaf-376	175	23	-	-	ADJ
gujaf-376	175	24	sector	sector	ADJ
gujaf-376	175	25	companies	company	NOUN
gujaf-376	175	26	listed	list	VERB
gujaf-376	175	27	in	in	ADP
gujaf-376	175	28	indonesia	indonesia	PROPN
gujaf-376	175	29	stock	stock	PROPN
gujaf-376	175	30	exchange	exchange	PROPN
gujaf-376	175	31	for	for	ADP
gujaf-376	175	32	2012	2012	NUM
gujaf-376	175	33	-	-	SYM
gujaf-376	175	34	2021	2021	NUM
gujaf-376	175	35	period	period	NOUN
gujaf-376	175	36	)	)	PUNCT
gujaf-376	175	37	.	.	PUNCT
gujaf-376	176	1	in	in	ADP
gujaf-376	176	2	inovbiz	inovbiz	PROPN
gujaf-376	176	3	:	:	PUNCT
gujaf-376	176	4	jurnal	jurnal	ADJ
gujaf-376	176	5	inovasi	inovasi	PROPN
gujaf-376	176	6	bisnis	bisnis	PROPN
gujaf-376	176	7	(	(	PUNCT
gujaf-376	176	8	vol	vol	NOUN
gujaf-376	176	9	.	.	PROPN
gujaf-376	176	10	11	11	NUM
gujaf-376	176	11	)	)	PUNCT
gujaf-376	176	12	.	.	PUNCT
gujaf-376	177	1	www.ejournal.polbeng.ac.id/index.php/ibp	www.ejournal.polbeng.ac.id/index.php/ibp	PROPN
gujaf-376	177	2	.	.	PUNCT
gujaf-376	178	1	alhababsah	alhababsah	PROPN
gujaf-376	178	2	,	,	PUNCT
gujaf-376	178	3	s.	s.	PROPN
gujaf-376	178	4	(	(	PUNCT
gujaf-376	178	5	2019	2019	NUM
gujaf-376	178	6	)	)	PUNCT
gujaf-376	178	7	.	.	PUNCT
gujaf-376	179	1	ownership	ownership	NOUN
gujaf-376	179	2	structure	structure	NOUN
gujaf-376	179	3	and	and	CCONJ
gujaf-376	179	4	audit	audit	NOUN
gujaf-376	179	5	quality	quality	NOUN
gujaf-376	179	6	:	:	PUNCT
gujaf-376	179	7	an	an	DET
gujaf-376	179	8	empirical	empirical	ADJ
gujaf-376	179	9	analysis	analysis	NOUN
gujaf-376	179	10	considering	consider	VERB
gujaf-376	179	11	ownership	ownership	NOUN
gujaf-376	179	12	types	type	NOUN
gujaf-376	179	13	in	in	ADP
gujaf-376	179	14	jordan	jordan	PROPN
gujaf-376	179	15	.	.	PUNCT
gujaf-376	180	1	journal	journal	PROPN
gujaf-376	180	2	of	of	ADP
gujaf-376	180	3	international	international	ADJ
gujaf-376	180	4	accounting	accounting	NOUN
gujaf-376	180	5	,	,	PUNCT
gujaf-376	180	6	auditing	auditing	NOUN
gujaf-376	180	7	and	and	CCONJ
gujaf-376	180	8	taxation	taxation	NOUN
gujaf-376	180	9	,	,	PUNCT
gujaf-376	180	10	35	35	NUM
gujaf-376	180	11	,	,	PUNCT
gujaf-376	180	12	71–84	71–84	PROPN
gujaf-376	180	13	.	.	PUNCT
gujaf-376	181	1	alkurdi	alkurdi	PROPN
gujaf-376	181	2	,	,	PUNCT
gujaf-376	181	3	a.	a.	PROPN
gujaf-376	181	4	,	,	PUNCT
gujaf-376	181	5	hamad	hamad	PROPN
gujaf-376	181	6	,	,	PUNCT
gujaf-376	181	7	a.	a.	PROPN
gujaf-376	181	8	,	,	PUNCT
gujaf-376	181	9	thneibat	thneibat	PROPN
gujaf-376	181	10	,	,	PUNCT
gujaf-376	181	11	h.	h.	PROPN
gujaf-376	181	12	,	,	PUNCT
gujaf-376	181	13	&	&	CCONJ
gujaf-376	181	14	elmarzouky	elmarzouky	NOUN
gujaf-376	181	15	,	,	PUNCT
gujaf-376	181	16	m.	m.	NOUN
gujaf-376	181	17	(	(	PUNCT
gujaf-376	181	18	2021	2021	NUM
gujaf-376	181	19	)	)	PUNCT
gujaf-376	181	20	.	.	PUNCT
gujaf-376	182	1	ownership	ownership	NOUN
gujaf-376	182	2	structure	structure	NOUN
gujaf-376	182	3	’s	’s	PART
gujaf-376	182	4	effect	effect	NOUN
gujaf-376	182	5	on	on	ADP
gujaf-376	182	6	financial	financial	ADJ
gujaf-376	182	7	performance	performance	NOUN
gujaf-376	182	8	:	:	PUNCT
gujaf-376	182	9	an	an	DET
gujaf-376	182	10	empirical	empirical	ADJ
gujaf-376	182	11	analysis	analysis	NOUN
gujaf-376	182	12	of	of	ADP
gujaf-376	182	13	jordanian	jordanian	ADJ
gujaf-376	182	14	listed	list	VERB
gujaf-376	182	15	firms	firm	NOUN
gujaf-376	182	16	.	.	PUNCT
gujaf-376	183	1	cogent	cogent	ADJ
gujaf-376	183	2	business	business	NOUN
gujaf-376	183	3	and	and	CCONJ
gujaf-376	183	4	management	management	NOUN
gujaf-376	183	5	,	,	PUNCT
gujaf-376	183	6	8(1	8(1	NOUN
gujaf-376	183	7	)	)	PUNCT
gujaf-376	183	8	.	.	PUNCT
gujaf-376	184	1	https://doi.org/10.1080/23311975.2021.1939930	https://doi.org/10.1080/23311975.2021.1939930	PROPN
gujaf-376	184	2	.	.	PUNCT
gujaf-376	185	1	antoro	antoro	PROPN
gujaf-376	185	2	,	,	PUNCT
gujaf-376	185	3	w.	w.	PROPN
gujaf-376	185	4	,	,	PUNCT
gujaf-376	185	5	sanusi	sanusi	PROPN
gujaf-376	185	6	,	,	PUNCT
gujaf-376	185	7	a.	a.	NOUN
gujaf-376	185	8	,	,	PUNCT
gujaf-376	185	9	&	&	CCONJ
gujaf-376	185	10	asih	asih	PROPN
gujaf-376	185	11	,	,	PUNCT
gujaf-376	185	12	p.	p.	NOUN
gujaf-376	185	13	(	(	PUNCT
gujaf-376	185	14	2020	2020	NUM
gujaf-376	185	15	)	)	PUNCT
gujaf-376	185	16	.	.	PUNCT
gujaf-376	186	1	the	the	DET
gujaf-376	186	2	effect	effect	NOUN
gujaf-376	186	3	of	of	ADP
gujaf-376	186	4	profitability	profitability	NOUN
gujaf-376	186	5	,	,	PUNCT
gujaf-376	186	6	company	company	NOUN
gujaf-376	186	7	size	size	NOUN
gujaf-376	186	8	,	,	PUNCT
gujaf-376	186	9	company	company	NOUN
gujaf-376	186	10	growth	growth	NOUN
gujaf-376	186	11	on	on	ADP
gujaf-376	186	12	firm	firm	ADJ
gujaf-376	186	13	value	value	NOUN
gujaf-376	186	14	through	through	ADP
gujaf-376	186	15	capital	capital	NOUN
gujaf-376	186	16	structure	structure	NOUN
gujaf-376	186	17	in	in	ADP
gujaf-376	186	18	food	food	NOUN
gujaf-376	186	19	and	and	CCONJ
gujaf-376	186	20	beverage	beverage	NOUN
gujaf-376	186	21	companies	company	NOUN
gujaf-376	186	22	on	on	ADP
gujaf-376	186	23	the	the	DET
gujaf-376	186	24	indonesia	indonesia	PROPN
gujaf-376	186	25	stock	stock	PROPN
gujaf-376	186	26	exchange	exchange	PROPN
gujaf-376	186	27	2014	2014	NUM
gujaf-376	186	28	-	-	SYM
gujaf-376	186	29	2018	2018	NUM
gujaf-376	186	30	period	period	NOUN
gujaf-376	186	31	.	.	PUNCT
gujaf-376	187	1	international	international	ADJ
gujaf-376	187	2	journal	journal	NOUN
gujaf-376	187	3	of	of	ADP
gujaf-376	187	4	advances	advance	NOUN
gujaf-376	187	5	in	in	ADP
gujaf-376	187	6	scientific	scientific	ADJ
gujaf-376	187	7	research	research	NOUN
gujaf-376	187	8	and	and	CCONJ
gujaf-376	187	9	engineering	engineering	NOUN
gujaf-376	187	10	,	,	PUNCT
gujaf-376	187	11	06(09	06(09	PROPN
gujaf-376	187	12	)	)	PUNCT
gujaf-376	187	13	,	,	PUNCT
gujaf-376	187	14	36–43	36–43	NUM
gujaf-376	187	15	.	.	PUNCT
gujaf-376	188	1	https://doi.org/10.31695/ijasre.2020.33876	https://doi.org/10.31695/ijasre.2020.33876	PROPN
gujaf-376	188	2	.	.	PROPN
gujaf-376	188	3	balogun	balogun	PROPN
gujaf-376	188	4	,	,	PUNCT
gujaf-376	188	5	j.	j.	PROPN
gujaf-376	188	6	e.	e.	PROPN
gujaf-376	188	7	,	,	PUNCT
gujaf-376	189	1	agbi	agbi	PROPN
gujaf-376	189	2	,	,	PUNCT
gujaf-376	189	3	s.	s.	PROPN
gujaf-376	189	4	e.	e.	PROPN
gujaf-376	189	5	,	,	PUNCT
gujaf-376	189	6	yahaya	yahaya	PROPN
gujaf-376	189	7	,	,	PUNCT
gujaf-376	189	8	o.	o.	PROPN
gujaf-376	189	9	a.	a.	PROPN
gujaf-376	189	10	,	,	PUNCT
gujaf-376	189	11	&	&	CCONJ
gujaf-376	189	12	joshua	joshua	PROPN
gujaf-376	189	13	,	,	PUNCT
gujaf-376	189	14	s.	s.	PROPN
gujaf-376	189	15	g.	g.	PROPN
gujaf-376	189	16	(	(	PUNCT
gujaf-376	189	17	2023	2023	NUM
gujaf-376	189	18	)	)	PUNCT
gujaf-376	189	19	.	.	PUNCT
gujaf-376	190	1	institutional	institutional	ADJ
gujaf-376	190	2	ownership	ownership	NOUN
gujaf-376	190	3	and	and	CCONJ
gujaf-376	190	4	firm	firm	ADJ
gujaf-376	190	5	value	value	NOUN
gujaf-376	190	6	of	of	ADP
gujaf-376	190	7	listed	list	VERB
gujaf-376	190	8	manufacturing	manufacturing	NOUN
gujaf-376	190	9	companies	company	NOUN
gujaf-376	190	10	in	in	ADP
gujaf-376	190	11	nigeria	nigeria	PROPN
gujaf-376	190	12	:	:	PUNCT
gujaf-376	190	13	the	the	DET
gujaf-376	190	14	moderating	moderate	VERB
gujaf-376	190	15	role	role	NOUN
gujaf-376	190	16	of	of	ADP
gujaf-376	190	17	dividend	dividend	NOUN
gujaf-376	190	18	payout	payout	NOUN
gujaf-376	190	19	.	.	PUNCT
gujaf-376	191	1	nigerian	nigerian	ADJ
gujaf-376	191	2	journal	journal	PROPN
gujaf-376	191	3	of	of	ADP
gujaf-376	191	4	accounting	accounting	NOUN
gujaf-376	191	5	and	and	CCONJ
gujaf-376	191	6	finance	finance	NOUN
gujaf-376	191	7	,	,	PUNCT
gujaf-376	191	8	15(1	15(1	NUM
gujaf-376	191	9	)	)	PUNCT
gujaf-376	191	10	,	,	PUNCT
gujaf-376	191	11	85	85	NUM
gujaf-376	191	12	-	-	SYM
gujaf-376	191	13	111	111	NUM
gujaf-376	191	14	.	.	PUNCT
gujaf-376	192	1	barney	barney	PROPN
gujaf-376	192	2	,	,	PUNCT
gujaf-376	192	3	j.	j.	PROPN
gujaf-376	192	4	(	(	PUNCT
gujaf-376	192	5	1991	1991	NUM
gujaf-376	192	6	)	)	PUNCT
gujaf-376	192	7	.	.	PUNCT
gujaf-376	193	1	firm	firm	ADJ
gujaf-376	193	2	resources	resource	NOUN
gujaf-376	193	3	and	and	CCONJ
gujaf-376	193	4	sustained	sustain	VERB
gujaf-376	193	5	competitive	competitive	ADJ
gujaf-376	193	6	advantage	advantage	NOUN
gujaf-376	193	7	.	.	PUNCT
gujaf-376	194	1	journal	journal	NOUN
gujaf-376	194	2	of	of	ADP
gujaf-376	194	3	management	management	NOUN
gujaf-376	194	4	,	,	PUNCT
gujaf-376	194	5	17(1	17(1	NUM
gujaf-376	194	6	)	)	PUNCT
gujaf-376	194	7	,	,	PUNCT
gujaf-376	194	8	99	99	NUM
gujaf-376	194	9	-	-	SYM
gujaf-376	194	10	120	120	NUM
gujaf-376	194	11	.	.	PUNCT
gujaf-376	195	1	brahmana	brahmana	PROPN
gujaf-376	195	2	,	,	PUNCT
gujaf-376	195	3	r.	r.	PROPN
gujaf-376	195	4	,	,	PUNCT
gujaf-376	195	5	kontesa	kontesa	PROPN
gujaf-376	195	6	,	,	PUNCT
gujaf-376	195	7	m.	m.	NOUN
gujaf-376	195	8	,	,	PUNCT
gujaf-376	195	9	&	&	CCONJ
gujaf-376	195	10	gilbert	gilbert	PROPN
gujaf-376	195	11	,	,	PUNCT
gujaf-376	195	12	r.	r.	PROPN
gujaf-376	195	13	e.	e.	PROPN
gujaf-376	195	14	(	(	PUNCT
gujaf-376	195	15	2019	2019	NUM
gujaf-376	195	16	)	)	PUNCT
gujaf-376	195	17	.	.	PUNCT
gujaf-376	196	1	volume	volume	NOUN
gujaf-376	196	2	38	38	NUM
gujaf-376	196	3	,	,	PUNCT
gujaf-376	196	4	issue	issue	NOUN
gujaf-376	196	5	2	2	NUM
gujaf-376	196	6	income	income	NOUN
gujaf-376	196	7	diversification	diversification	NOUN
gujaf-376	196	8	and	and	CCONJ
gujaf-376	196	9	bank	bank	NOUN
gujaf-376	196	10	performance	performance	NOUN
gujaf-376	196	11	:	:	PUNCT
gujaf-376	196	12	evidence	evidence	NOUN
gujaf-376	196	13	from	from	ADP
gujaf-376	196	14	malaysian	malaysian	ADJ
gujaf-376	196	15	banks	bank	NOUN
gujaf-376	196	16	.	.	PUNCT
gujaf-376	197	1	https://www.researchgate.net/publication/324826997	https://www.researchgate.net/publication/324826997	NOUN
gujaf-376	197	2	.	.	PUNCT
gujaf-376	198	1	budiman	budiman	NOUN
gujaf-376	198	2	,	,	PUNCT
gujaf-376	198	3	a.	a.	PROPN
gujaf-376	198	4	,	,	PUNCT
gujaf-376	198	5	&	&	CCONJ
gujaf-376	198	6	mahadwartha	mahadwartha	VERB
gujaf-376	198	7	,	,	PUNCT
gujaf-376	198	8	p.	p.	NOUN
gujaf-376	198	9	a.	a.	NOUN
gujaf-376	198	10	(	(	PUNCT
gujaf-376	198	11	2023	2023	NUM
gujaf-376	198	12	)	)	PUNCT
gujaf-376	198	13	.	.	PUNCT
gujaf-376	199	1	foreign	foreign	ADJ
gujaf-376	199	2	ownership	ownership	NOUN
gujaf-376	199	3	,	,	PUNCT
gujaf-376	199	4	agency	agency	NOUN
gujaf-376	199	5	fees	fee	NOUN
gujaf-376	199	6	,	,	PUNCT
gujaf-376	199	7	debt	debt	NOUN
gujaf-376	199	8	,	,	PUNCT
gujaf-376	199	9	and	and	CCONJ
gujaf-376	199	10	company	company	NOUN
gujaf-376	199	11	value	value	NOUN
gujaf-376	199	12	of	of	ADP
gujaf-376	199	13	manufacturing	manufacturing	NOUN
gujaf-376	199	14	companies	company	NOUN
gujaf-376	199	15	on	on	ADP
gujaf-376	199	16	the	the	DET
gujaf-376	199	17	indonesia	indonesia	PROPN
gujaf-376	199	18	stock	stock	PROPN
gujaf-376	199	19	exchange	exchange	PROPN
gujaf-376	199	20	.	.	PUNCT
gujaf-376	200	1	jurnal	jurnal	PROPN
gujaf-376	200	2	al	al	PROPN
gujaf-376	200	3	-	-	PUNCT
gujaf-376	200	4	qardh	qardh	PROPN
gujaf-376	200	5	,	,	PUNCT
gujaf-376	200	6	8(1	8(1	NOUN
gujaf-376	200	7	)	)	PUNCT
gujaf-376	200	8	,	,	PUNCT
gujaf-376	200	9	41–51	41–51	NUM
gujaf-376	200	10	.	.	PUNCT
gujaf-376	201	1	https://doi.org/10.23971/jaq.v8i1.2964	https://doi.org/10.23971/jaq.v8i1.2964	NOUN
gujaf-376	201	2	.	.	PUNCT
gujaf-376	202	1	bushee	bushee	PROPN
gujaf-376	202	2	,	,	PUNCT
gujaf-376	202	3	b.	b.	PROPN
gujaf-376	202	4	j.	j.	PROPN
gujaf-376	202	5	(	(	PUNCT
gujaf-376	202	6	1998	1998	NUM
gujaf-376	202	7	)	)	PUNCT
gujaf-376	202	8	.	.	PUNCT
gujaf-376	203	1	the	the	DET
gujaf-376	203	2	influence	influence	NOUN
gujaf-376	203	3	of	of	ADP
gujaf-376	203	4	institutional	institutional	ADJ
gujaf-376	203	5	investors	investor	NOUN
gujaf-376	203	6	on	on	ADP
gujaf-376	203	7	myopic	myopic	ADJ
gujaf-376	203	8	r&d	r&d	NOUN
gujaf-376	203	9	investment	investment	NOUN
gujaf-376	203	10	behavior	behavior	NOUN
gujaf-376	203	11	.	.	PUNCT
gujaf-376	204	1	accounting	accounting	NOUN
gujaf-376	204	2	review	review	PROPN
gujaf-376	204	3	,	,	PUNCT
gujaf-376	204	4	73(3	73(3	NUM
gujaf-376	204	5	)	)	PUNCT
gujaf-376	204	6	,	,	PUNCT
gujaf-376	204	7	305	305	NUM
gujaf-376	204	8	-	-	SYM
gujaf-376	204	9	333	333	NUM
gujaf-376	204	10	.	.	PUNCT
gujaf-376	205	1	chabachib	chabachib	NOUN
gujaf-376	205	2	,	,	PUNCT
gujaf-376	205	3	m.	m.	NOUN
gujaf-376	205	4	,	,	PUNCT
gujaf-376	205	5	hersugondo	hersugondo	PROPN
gujaf-376	205	6	,	,	PUNCT
gujaf-376	205	7	h.	h.	PROPN
gujaf-376	205	8	,	,	PUNCT
gujaf-376	205	9	septiviardi	septiviardi	PROPN
gujaf-376	205	10	,	,	PUNCT
gujaf-376	205	11	d.	d.	PROPN
gujaf-376	205	12	,	,	PUNCT
gujaf-376	205	13	&	&	CCONJ
gujaf-376	205	14	dapit	dapit	PROPN
gujaf-376	205	15	pamungkas	pamungkas	PROPN
gujaf-376	205	16	,	,	PUNCT
gujaf-376	205	17	i.	i.	PROPN
gujaf-376	205	18	(	(	PUNCT
gujaf-376	205	19	2020	2020	NUM
gujaf-376	205	20	)	)	PUNCT
gujaf-376	205	21	.	.	PUNCT
gujaf-376	206	1	the	the	DET
gujaf-376	206	2	effect	effect	NOUN
gujaf-376	206	3	of	of	ADP
gujaf-376	206	4	investment	investment	NOUN
gujaf-376	206	5	opportunity	opportunity	NOUN
gujaf-376	206	6	set	set	NOUN
gujaf-376	206	7	and	and	CCONJ
gujaf-376	206	8	company	company	NOUN
gujaf-376	206	9	growth	growth	NOUN
gujaf-376	206	10	on	on	ADP
gujaf-376	206	11	firm	firm	ADJ
gujaf-376	206	12	value	value	NOUN
gujaf-376	206	13	:	:	PUNCT
gujaf-376	206	14	capital	capital	NOUN
gujaf-376	206	15	structure	structure	NOUN
gujaf-376	206	16	as	as	ADP
gujaf-376	206	17	an	an	DET
gujaf-376	206	18	intervening	intervene	VERB
gujaf-376	206	19	variable	variable	NOUN
gujaf-376	206	20	.	.	PUNCT
gujaf-376	207	1	in	in	ADP
gujaf-376	207	2	international	international	ADJ
gujaf-376	207	3	journal	journal	NOUN
gujaf-376	207	4	of	of	ADP
gujaf-376	207	5	innovation	innovation	NOUN
gujaf-376	207	6	,	,	PUNCT
gujaf-376	207	7	creativity	creativity	NOUN
gujaf-376	207	8	and	and	CCONJ
gujaf-376	207	9	change	change	NOUN
gujaf-376	207	10	.	.	PUNCT
gujaf-376	208	1	www.ijicc.net	www.ijicc.net	NOUN
gujaf-376	208	2	(	(	PUNCT
gujaf-376	208	3	vol	vol	NOUN
gujaf-376	208	4	.	.	PROPN
gujaf-376	208	5	12	12	NUM
gujaf-376	208	6	,	,	PUNCT
gujaf-376	208	7	issue	issue	NOUN
gujaf-376	208	8	11	11	NUM
gujaf-376	208	9	)	)	PUNCT
gujaf-376	208	10	.	.	PUNCT
gujaf-376	209	1	www.ijicc.net	www.ijicc.net	PROPN
gujaf-376	209	2	.	.	PUNCT
gujaf-376	209	3	chemmanur	chemmanur	PROPN
gujaf-376	209	4	,	,	PUNCT
gujaf-376	209	5	t.	t.	PROPN
gujaf-376	209	6	j.	j.	PROPN
gujaf-376	209	7	,	,	PUNCT
gujaf-376	209	8	loutskina	loutskina	PROPN
gujaf-376	209	9	,	,	PUNCT
gujaf-376	209	10	e.	e.	PROPN
gujaf-376	209	11	,	,	PUNCT
gujaf-376	209	12	&	&	CCONJ
gujaf-376	209	13	tian	tian	PROPN
gujaf-376	209	14	,	,	PUNCT
gujaf-376	209	15	x.	x.	NOUN
gujaf-376	209	16	(	(	PUNCT
gujaf-376	209	17	2023	2023	NUM
gujaf-376	209	18	)	)	PUNCT
gujaf-376	209	19	.	.	PUNCT
gujaf-376	210	1	private	private	ADJ
gujaf-376	210	2	equity	equity	NOUN
gujaf-376	210	3	ownership	ownership	NOUN
gujaf-376	210	4	and	and	CCONJ
gujaf-376	210	5	firm	firm	ADJ
gujaf-376	210	6	innovation	innovation	NOUN
gujaf-376	210	7	:	:	PUNCT
gujaf-376	210	8	evidence	evidence	NOUN
gujaf-376	210	9	from	from	ADP
gujaf-376	210	10	patenting	patent	VERB
gujaf-376	210	11	.	.	PUNCT
gujaf-376	211	1	journal	journal	PROPN
gujaf-376	211	2	of	of	ADP
gujaf-376	211	3	financial	financial	ADJ
gujaf-376	211	4	economics	economic	NOUN
gujaf-376	211	5	,	,	PUNCT
gujaf-376	211	6	147(2	147(2	NUM
gujaf-376	211	7	)	)	PUNCT
gujaf-376	211	8	,	,	PUNCT
gujaf-376	211	9	336–362	336–362	NUM
gujaf-376	211	10	.	.	PUNCT
gujaf-376	212	1	https://doi.org/10.1016/j.jfineco.2022.12.003	https://doi.org/10.1016/j.jfineco.2022.12.003	PROPN
gujaf-376	212	2	chrisman	chrisman	PROPN
gujaf-376	212	3	,	,	PUNCT
gujaf-376	212	4	j.	j.	PROPN
gujaf-376	212	5	j.	j.	PROPN
gujaf-376	212	6	,	,	PUNCT
gujaf-376	212	7	chua	chua	PROPN
gujaf-376	212	8	,	,	PUNCT
gujaf-376	212	9	j.	j.	PROPN
gujaf-376	212	10	h.	h.	PROPN
gujaf-376	212	11	,	,	PUNCT
gujaf-376	212	12	pearson	pearson	PROPN
gujaf-376	212	13	,	,	PUNCT
gujaf-376	212	14	a.	a.	PROPN
gujaf-376	212	15	w.	w.	PROPN
gujaf-376	212	16	,	,	PUNCT
gujaf-376	212	17	&	&	CCONJ
gujaf-376	212	18	barnett	barnett	PROPN
gujaf-376	212	19	,	,	PUNCT
gujaf-376	212	20	t.	t.	PROPN
gujaf-376	212	21	(	(	PUNCT
gujaf-376	212	22	2015	2015	NUM
gujaf-376	212	23	)	)	PUNCT
gujaf-376	212	24	.	.	PUNCT
gujaf-376	213	1	family	family	NOUN
gujaf-376	213	2	involvement	involvement	NOUN
gujaf-376	213	3	,	,	PUNCT
gujaf-376	213	4	family	family	NOUN
gujaf-376	213	5	influence	influence	NOUN
gujaf-376	213	6	,	,	PUNCT
gujaf-376	213	7	and	and	CCONJ
gujaf-376	213	8	family‐centered	family‐centere	VERB
gujaf-376	213	9	non‐economic	non‐economic	ADJ
gujaf-376	213	10	goals	goal	NOUN
gujaf-376	213	11	in	in	ADP
gujaf-376	213	12	small	small	ADJ
gujaf-376	213	13	firms	firm	NOUN
gujaf-376	213	14	.	.	PUNCT
gujaf-376	214	1	entrepreneurship	entrepreneurship	NOUN
gujaf-376	214	2	theory	theory	NOUN
gujaf-376	214	3	and	and	CCONJ
gujaf-376	214	4	practice	practice	NOUN
gujaf-376	214	5	,	,	PUNCT
gujaf-376	214	6	39(2	39(2	NUM
gujaf-376	214	7	)	)	PUNCT
gujaf-376	214	8	,	,	PUNCT
gujaf-376	214	9	237	237	NUM
gujaf-376	214	10	-	-	SYM
gujaf-376	214	11	261	261	NUM
gujaf-376	214	12	.	.	PUNCT
gujaf-376	215	1	collins	collins	PROPN
gujaf-376	215	2	,	,	PUNCT
gujaf-376	215	3	c.	c.	PROPN
gujaf-376	215	4	(	(	PUNCT
gujaf-376	215	5	2019	2019	NUM
gujaf-376	215	6	)	)	PUNCT
gujaf-376	215	7	.	.	PUNCT
gujaf-376	216	1	foreign	foreign	ADJ
gujaf-376	216	2	ownership	ownership	NOUN
gujaf-376	216	3	.	.	PUNCT
gujaf-376	217	1	https://www.collinsdictionary.com/us/dictionary/english/foreign-ownership	https://www.collinsdictionary.com/us/dictionary/english/foreign-ownership	NOUN
gujaf-376	217	2	.	.	PUNCT
gujaf-376	218	1	gusau	gusau	PROPN
gujaf-376	218	2	journal	journal	PROPN
gujaf-376	218	3	of	of	ADP
gujaf-376	218	4	accounting	accounting	NOUN
gujaf-376	218	5	and	and	CCONJ
gujaf-376	218	6	finance	finance	NOUN
gujaf-376	218	7	,	,	PUNCT
gujaf-376	218	8	vol.6	vol.6	PROPN
gujaf-376	218	9	,	,	PUNCT
gujaf-376	218	10	issue	issue	NOUN
gujaf-376	218	11	1	1	NUM
gujaf-376	218	12	,	,	PUNCT
gujaf-376	218	13	april	april	PROPN
gujaf-376	218	14	,	,	PUNCT
gujaf-376	218	15	2025	2025	NUM
gujaf-376	218	16	165	165	NUM
gujaf-376	218	17	diab	diab	PROPN
gujaf-376	218	18	,	,	PUNCT
gujaf-376	218	19	a.	a.	PROPN
gujaf-376	218	20	,	,	PUNCT
gujaf-376	218	21	abdelazim	abdelazim	PROPN
gujaf-376	218	22	,	,	PUNCT
gujaf-376	218	23	s.	s.	PROPN
gujaf-376	218	24	i.	i.	PROPN
gujaf-376	218	25	,	,	PUNCT
gujaf-376	218	26	&	&	CCONJ
gujaf-376	218	27	metwally	metwally	ADV
gujaf-376	218	28	,	,	PUNCT
gujaf-376	218	29	a.	a.	PROPN
gujaf-376	218	30	b.	b.	PROPN
gujaf-376	218	31	m.	m.	PROPN
gujaf-376	218	32	(	(	PUNCT
gujaf-376	218	33	2023	2023	NUM
gujaf-376	218	34	)	)	PUNCT
gujaf-376	218	35	.	.	PUNCT
gujaf-376	219	1	the	the	DET
gujaf-376	219	2	impact	impact	NOUN
gujaf-376	219	3	of	of	ADP
gujaf-376	219	4	institutional	institutional	ADJ
gujaf-376	219	5	ownership	ownership	NOUN
gujaf-376	219	6	on	on	ADP
gujaf-376	219	7	the	the	DET
gujaf-376	219	8	value	value	NOUN
gujaf-376	219	9	relevance	relevance	NOUN
gujaf-376	219	10	of	of	ADP
gujaf-376	219	11	accounting	accounting	NOUN
gujaf-376	219	12	information	information	NOUN
gujaf-376	219	13	:	:	PUNCT
gujaf-376	219	14	evidence	evidence	NOUN
gujaf-376	219	15	from	from	ADP
gujaf-376	219	16	egypt	egypt	PROPN
gujaf-376	219	17	.	.	PUNCT
gujaf-376	220	1	journal	journal	PROPN
gujaf-376	220	2	of	of	ADP
gujaf-376	220	3	financial	financial	ADJ
gujaf-376	220	4	reporting	reporting	NOUN
gujaf-376	220	5	and	and	CCONJ
gujaf-376	220	6	accounting	accounting	NOUN
gujaf-376	220	7	,	,	PUNCT
gujaf-376	220	8	21(3	21(3	NUM
gujaf-376	220	9	)	)	PUNCT
gujaf-376	220	10	,	,	PUNCT
gujaf-376	220	11	509–525	509–525	NUM
gujaf-376	220	12	.	.	PUNCT
gujaf-376	221	1	https://doi.org/10.1108/jfra-052021-0130	https://doi.org/10.1108/jfra-052021-0130	PROPN
gujaf-376	221	2	.	.	PROPN
gujaf-376	221	3	droblyen	droblyen	PROPN
gujaf-376	221	4	,	,	PUNCT
gujaf-376	221	5	e.	e.	PROPN
gujaf-376	221	6	(	(	PUNCT
gujaf-376	221	7	2023	2023	NUM
gujaf-376	221	8	)	)	PUNCT
gujaf-376	221	9	.	.	PUNCT
gujaf-376	222	1	how	how	SCONJ
gujaf-376	222	2	to	to	PART
gujaf-376	222	3	attribute	attribute	VERB
gujaf-376	222	4	family	family	NOUN
gujaf-376	222	5	ownership	ownership	NOUN
gujaf-376	222	6	when	when	SCONJ
gujaf-376	222	7	401(k	401(k	PROPN
gujaf-376	222	8	)	)	PUNCT
gujaf-376	222	9	plan	plan	NOUN
gujaf-376	222	10	testing	testing	NOUN
gujaf-376	222	11	.	.	PUNCT
gujaf-376	223	1	https://www.employeefiduciary.com/blog/how-to-attribute-family-ownership-401kplan-testing	https://www.employeefiduciary.com/blog/how-to-attribute-family-ownership-401kplan-teste	VERB
gujaf-376	223	2	edmans	edman	NOUN
gujaf-376	223	3	,	,	PUNCT
gujaf-376	223	4	a.	a.	NOUN
gujaf-376	223	5	(	(	PUNCT
gujaf-376	223	6	2014	2014	NUM
gujaf-376	223	7	)	)	PUNCT
gujaf-376	223	8	.	.	PUNCT
gujaf-376	224	1	blockholders	blockholder	NOUN
gujaf-376	224	2	and	and	CCONJ
gujaf-376	224	3	corporate	corporate	ADJ
gujaf-376	224	4	governance	governance	NOUN
gujaf-376	224	5	.	.	PUNCT
gujaf-376	225	1	annual	annual	ADJ
gujaf-376	225	2	review	review	NOUN
gujaf-376	225	3	of	of	ADP
gujaf-376	225	4	financial	financial	ADJ
gujaf-376	225	5	economics	economic	NOUN
gujaf-376	225	6	,	,	PUNCT
gujaf-376	225	7	6	6	NUM
gujaf-376	225	8	,	,	PUNCT
gujaf-376	225	9	23	23	NUM
gujaf-376	225	10	-	-	SYM
gujaf-376	225	11	50	50	NUM
gujaf-376	225	12	.	.	PUNCT
gujaf-376	226	1	fahlenbrach	fahlenbrach	NOUN
gujaf-376	226	2	,	,	PUNCT
gujaf-376	226	3	r.	r.	PROPN
gujaf-376	226	4	,	,	PUNCT
gujaf-376	226	5	&	&	CCONJ
gujaf-376	226	6	stulz	stulz	ADJ
gujaf-376	226	7	,	,	PUNCT
gujaf-376	226	8	r.	r.	PROPN
gujaf-376	226	9	m.	m.	PROPN
gujaf-376	226	10	(	(	PUNCT
gujaf-376	226	11	2009	2009	NUM
gujaf-376	226	12	)	)	PUNCT
gujaf-376	226	13	.	.	PUNCT
gujaf-376	227	1	managerial	managerial	ADJ
gujaf-376	227	2	ownership	ownership	NOUN
gujaf-376	227	3	dynamics	dynamic	NOUN
gujaf-376	227	4	and	and	CCONJ
gujaf-376	227	5	firm	firm	ADJ
gujaf-376	227	6	value	value	NOUN
gujaf-376	227	7	.	.	PUNCT
gujaf-376	228	1	journal	journal	NOUN
gujaf-376	228	2	of	of	ADP
gujaf-376	228	3	financial	financial	ADJ
gujaf-376	228	4	economics	economic	NOUN
gujaf-376	228	5	,	,	PUNCT
gujaf-376	228	6	92(3	92(3	NOUN
gujaf-376	228	7	)	)	PUNCT
gujaf-376	228	8	,	,	PUNCT
gujaf-376	228	9	342	342	NUM
gujaf-376	228	10	-	-	SYM
gujaf-376	228	11	361	361	NUM
gujaf-376	228	12	.	.	PUNCT
gujaf-376	229	1	fera	fera	PROPN
gujaf-376	229	2	,	,	PUNCT
gujaf-376	229	3	p.	p.	NOUN
gujaf-376	229	4	,	,	PUNCT
gujaf-376	229	5	moscariello	moscariello	PROPN
gujaf-376	229	6	,	,	PUNCT
gujaf-376	229	7	n.	n.	PROPN
gujaf-376	229	8	,	,	PUNCT
gujaf-376	229	9	pizzo	pizzo	PROPN
gujaf-376	229	10	,	,	PUNCT
gujaf-376	229	11	m.	m.	NOUN
gujaf-376	229	12	,	,	PUNCT
gujaf-376	229	13	&	&	CCONJ
gujaf-376	229	14	ricciardi	ricciardi	PROPN
gujaf-376	229	15	,	,	PUNCT
gujaf-376	229	16	g.	g.	PROPN
gujaf-376	229	17	(	(	PUNCT
gujaf-376	229	18	2023	2023	NUM
gujaf-376	229	19	)	)	PUNCT
gujaf-376	229	20	.	.	PUNCT
gujaf-376	230	1	institutional	institutional	ADJ
gujaf-376	230	2	investors	investor	NOUN
gujaf-376	230	3	’	'	PUNCT
gujaf-376	230	4	representativeness	representativeness	ADJ
gujaf-376	230	5	and	and	CCONJ
gujaf-376	230	6	earnings	earning	NOUN
gujaf-376	230	7	management	management	NOUN
gujaf-376	230	8	:	:	PUNCT
gujaf-376	230	9	evidence	evidence	NOUN
gujaf-376	230	10	from	from	ADP
gujaf-376	230	11	a	a	DET
gujaf-376	230	12	high	high	ADJ
gujaf-376	230	13	ownership	ownership	NOUN
gujaf-376	230	14	concentration	concentration	NOUN
gujaf-376	230	15	context	context	NOUN
gujaf-376	230	16	.	.	PUNCT
gujaf-376	231	1	doi	doi	NOUN
gujaf-376	231	2	:	:	PUNCT
gujaf-376	231	3	10.4018/978	10.4018/978	NUM
gujaf-376	231	4	-	-	SYM
gujaf-376	231	5	1	1	NUM
gujaf-376	231	6	-	-	PUNCT
gujaf-376	231	7	7998	7998	NUM
gujaf-376	231	8	-	-	PUNCT
gujaf-376	231	9	7596	7596	NUM
gujaf-376	231	10	-	-	PUNCT
gujaf-376	231	11	3.ch002	3.ch002	NUM
gujaf-376	231	12	ferreira	ferreira	PROPN
gujaf-376	231	13	,	,	PUNCT
gujaf-376	231	14	m.	m.	NOUN
gujaf-376	231	15	a.	a.	PROPN
gujaf-376	231	16	,	,	PUNCT
gujaf-376	231	17	&	&	CCONJ
gujaf-376	231	18	matos	matos	PROPN
gujaf-376	231	19	,	,	PUNCT
gujaf-376	231	20	p.	p.	NOUN
gujaf-376	231	21	(	(	PUNCT
gujaf-376	231	22	2008	2008	NUM
gujaf-376	231	23	)	)	PUNCT
gujaf-376	231	24	.	.	PUNCT
gujaf-376	232	1	the	the	DET
gujaf-376	232	2	colors	color	NOUN
gujaf-376	232	3	of	of	ADP
gujaf-376	232	4	investors	investor	NOUN
gujaf-376	232	5	’	’	PART
gujaf-376	232	6	money	money	NOUN
gujaf-376	232	7	:	:	PUNCT
gujaf-376	232	8	the	the	DET
gujaf-376	232	9	role	role	NOUN
gujaf-376	232	10	of	of	ADP
gujaf-376	232	11	institutional	institutional	ADJ
gujaf-376	232	12	investors	investor	NOUN
gujaf-376	232	13	around	around	ADP
gujaf-376	232	14	the	the	DET
gujaf-376	232	15	world	world	NOUN
gujaf-376	232	16	.	.	PUNCT
gujaf-376	233	1	journal	journal	PROPN
gujaf-376	233	2	of	of	ADP
gujaf-376	233	3	financial	financial	ADJ
gujaf-376	233	4	economics	economic	NOUN
gujaf-376	233	5	,	,	PUNCT
gujaf-376	233	6	88(3	88(3	NUM
gujaf-376	233	7	)	)	PUNCT
gujaf-376	233	8	,	,	PUNCT
gujaf-376	233	9	499	499	NUM
gujaf-376	233	10	-	-	SYM
gujaf-376	233	11	533	533	NUM
gujaf-376	233	12	.	.	PUNCT
gujaf-376	234	1	fitri	fitri	ADJ
gujaf-376	234	2	fauziah	fauziah	PROPN
gujaf-376	234	3	,	,	PUNCT
gujaf-376	234	4	&	&	CCONJ
gujaf-376	234	5	eddy	eddy	PROPN
gujaf-376	234	6	winarso	winarso	PROPN
gujaf-376	234	7	.	.	PUNCT
gujaf-376	235	1	(	(	PUNCT
gujaf-376	235	2	2023	2023	NUM
gujaf-376	235	3	)	)	PUNCT
gujaf-376	235	4	.	.	PUNCT
gujaf-376	236	1	the	the	DET
gujaf-376	236	2	influence	influence	NOUN
gujaf-376	236	3	of	of	ADP
gujaf-376	236	4	intellectual	intellectual	ADJ
gujaf-376	236	5	capital	capital	NOUN
gujaf-376	236	6	component	component	NOUN
gujaf-376	236	7	and	and	CCONJ
gujaf-376	236	8	managerial	managerial	ADJ
gujaf-376	236	9	ownership	ownership	NOUN
gujaf-376	236	10	on	on	ADP
gujaf-376	236	11	company	company	NOUN
gujaf-376	236	12	value	value	NOUN
gujaf-376	236	13	(	(	PUNCT
gujaf-376	236	14	case	case	NOUN
gujaf-376	236	15	study	study	NOUN
gujaf-376	236	16	of	of	ADP
gujaf-376	236	17	mining	mining	NOUN
gujaf-376	236	18	companies	company	NOUN
gujaf-376	236	19	in	in	ADP
gujaf-376	236	20	the	the	DET
gujaf-376	236	21	oil	oil	NOUN
gujaf-376	236	22	and	and	CCONJ
gujaf-376	236	23	gas	gas	NOUN
gujaf-376	236	24	subsector	subsector	NOUN
gujaf-376	236	25	listed	list	VERB
gujaf-376	236	26	on	on	ADP
gujaf-376	236	27	the	the	DET
gujaf-376	236	28	indonesia	indonesia	PROPN
gujaf-376	236	29	stock	stock	PROPN
gujaf-376	236	30	exchange	exchange	PROPN
gujaf-376	236	31	in	in	ADP
gujaf-376	236	32	2016	2016	NUM
gujaf-376	236	33	-	-	SYM
gujaf-376	236	34	2021	2021	NUM
gujaf-376	236	35	)	)	PUNCT
gujaf-376	236	36	.	.	PUNCT
gujaf-376	237	1	journal	journal	NOUN
gujaf-376	237	2	of	of	ADP
gujaf-376	237	3	us	us	PROPN
gujaf-376	237	4	-	-	PUNCT
gujaf-376	237	5	china	china	PROPN
gujaf-376	237	6	public	public	PROPN
gujaf-376	237	7	administration	administration	NOUN
gujaf-376	237	8	,	,	PUNCT
gujaf-376	237	9	20(1	20(1	NUM
gujaf-376	237	10	)	)	PUNCT
gujaf-376	237	11	.	.	PUNCT
gujaf-376	238	1	https://doi.org/10.17265/15486591/2023.01.004	https://doi.org/10.17265/15486591/2023.01.004	NOUN
gujaf-376	238	2	.	.	PUNCT
gujaf-376	239	1	fosberg	fosberg	PROPN
gujaf-376	239	2	,	,	PUNCT
gujaf-376	239	3	r.	r.	PROPN
gujaf-376	239	4	h.	h.	PROPN
gujaf-376	239	5	(	(	PUNCT
gujaf-376	239	6	2023	2023	NUM
gujaf-376	239	7	)	)	PUNCT
gujaf-376	239	8	.	.	PUNCT
gujaf-376	240	1	managerial	managerial	ADJ
gujaf-376	240	2	ownership	ownership	NOUN
gujaf-376	240	3	and	and	CCONJ
gujaf-376	240	4	firm	firm	ADJ
gujaf-376	240	5	performance	performance	NOUN
gujaf-376	240	6	:	:	PUNCT
gujaf-376	240	7	a	a	DET
gujaf-376	240	8	non	non	ADJ
gujaf-376	240	9	-	-	ADJ
gujaf-376	240	10	linear	linear	ADJ
gujaf-376	240	11	relationship	relationship	NOUN
gujaf-376	240	12	.	.	PUNCT
gujaf-376	241	1	corporate	corporate	ADJ
gujaf-376	241	2	ownership	ownership	NOUN
gujaf-376	241	3	and	and	CCONJ
gujaf-376	241	4	control	control	NOUN
gujaf-376	241	5	,	,	PUNCT
gujaf-376	241	6	20(2	20(2	NUM
gujaf-376	241	7	)	)	PUNCT
gujaf-376	241	8	,	,	PUNCT
gujaf-376	241	9	56–64	56–64	NUM
gujaf-376	241	10	.	.	PUNCT
gujaf-376	241	11	https://doi.org/10.22495/cocv20i2art5	https://doi.org/10.22495/cocv20i2art5	NOUN
gujaf-376	241	12	.	.	PUNCT
gujaf-376	242	1	fujianti	fujianti	PROPN
gujaf-376	242	2	,	,	PUNCT
gujaf-376	242	3	l.	l.	PROPN
gujaf-376	242	4	,	,	PUNCT
gujaf-376	242	5	keiko	keiko	PROPN
gujaf-376	242	6	hubbansyah	hubbansyah	PROPN
gujaf-376	242	7	,	,	PUNCT
gujaf-376	242	8	a.	a.	PROPN
gujaf-376	242	9	,	,	PUNCT
gujaf-376	242	10	siswono	siswono	PROPN
gujaf-376	242	11	,	,	PUNCT
gujaf-376	242	12	s.	s.	PROPN
gujaf-376	242	13	,	,	PUNCT
gujaf-376	242	14	&	&	CCONJ
gujaf-376	242	15	sinaga	sinaga	NOUN
gujaf-376	242	16	,	,	PUNCT
gujaf-376	242	17	l.	l.	PROPN
gujaf-376	242	18	(	(	PUNCT
gujaf-376	242	19	2020	2020	NUM
gujaf-376	242	20	)	)	PUNCT
gujaf-376	242	21	.	.	PUNCT
gujaf-376	243	1	the	the	DET
gujaf-376	243	2	effect	effect	NOUN
gujaf-376	243	3	of	of	ADP
gujaf-376	243	4	managerial	managerial	ADJ
gujaf-376	243	5	ownership	ownership	NOUN
gujaf-376	243	6	,	,	PUNCT
gujaf-376	243	7	dividend	dividend	NOUN
gujaf-376	243	8	policy	policy	NOUN
gujaf-376	243	9	and	and	CCONJ
gujaf-376	243	10	debt	debt	NOUN
gujaf-376	243	11	on	on	ADP
gujaf-376	243	12	firm	firm	ADJ
gujaf-376	243	13	value	value	NOUN
gujaf-376	243	14	:	:	PUNCT
gujaf-376	243	15	the	the	DET
gujaf-376	243	16	indonesia	indonesia	PROPN
gujaf-376	243	17	stock	stock	PROPN
gujaf-376	243	18	exchange	exchange	PROPN
gujaf-376	243	19	cases	case	NOUN
gujaf-376	243	20	.	.	PUNCT
gujaf-376	244	1	http://journal.univpancasila.ac.id/index.php/inquisitive/.	http://journal.univpancasila.ac.id/index.php/inquisitive/.	PROPN
gujaf-376	244	2	gillan	gillan	PROPN
gujaf-376	244	3	,	,	PUNCT
gujaf-376	244	4	s.	s.	PROPN
gujaf-376	244	5	l.	l.	PROPN
gujaf-376	244	6	,	,	PUNCT
gujaf-376	244	7	&	&	CCONJ
gujaf-376	244	8	starks	starks	PROPN
gujaf-376	244	9	,	,	PUNCT
gujaf-376	244	10	l.	l.	PROPN
gujaf-376	244	11	t.	t.	PROPN
gujaf-376	244	12	(	(	PUNCT
gujaf-376	244	13	2003	2003	NUM
gujaf-376	244	14	)	)	PUNCT
gujaf-376	244	15	.	.	PUNCT
gujaf-376	245	1	corporate	corporate	ADJ
gujaf-376	245	2	governance	governance	NOUN
gujaf-376	245	3	,	,	PUNCT
gujaf-376	245	4	corporate	corporate	ADJ
gujaf-376	245	5	ownership	ownership	NOUN
gujaf-376	245	6	,	,	PUNCT
gujaf-376	245	7	and	and	CCONJ
gujaf-376	245	8	the	the	DET
gujaf-376	245	9	role	role	NOUN
gujaf-376	245	10	of	of	ADP
gujaf-376	245	11	institutional	institutional	ADJ
gujaf-376	245	12	investors	investor	NOUN
gujaf-376	245	13	:	:	PUNCT
gujaf-376	245	14	a	a	DET
gujaf-376	245	15	global	global	ADJ
gujaf-376	245	16	perspective	perspective	NOUN
gujaf-376	245	17	.	.	PUNCT
gujaf-376	246	1	journal	journal	NOUN
gujaf-376	246	2	of	of	ADP
gujaf-376	246	3	applied	apply	VERB
gujaf-376	246	4	finance	finance	NOUN
gujaf-376	246	5	,	,	PUNCT
gujaf-376	246	6	13(2	13(2	PROPN
gujaf-376	246	7	)	)	PUNCT
gujaf-376	246	8	,	,	PUNCT
gujaf-376	246	9	4	4	NUM
gujaf-376	246	10	-	-	SYM
gujaf-376	246	11	22	22	NUM
gujaf-376	246	12	.	.	PUNCT
gujaf-376	247	1	gupta	gupta	PROPN
gujaf-376	247	2	,	,	PUNCT
gujaf-376	247	3	n.	n.	NOUN
gujaf-376	247	4	,	,	PUNCT
gujaf-376	247	5	&	&	CCONJ
gujaf-376	247	6	mer	mer	PROPN
gujaf-376	247	7	,	,	PUNCT
gujaf-376	247	8	p.	p.	NOUN
gujaf-376	247	9	(	(	PUNCT
gujaf-376	247	10	2023	2023	NUM
gujaf-376	247	11	)	)	PUNCT
gujaf-376	247	12	.	.	PUNCT
gujaf-376	248	1	exploring	explore	VERB
gujaf-376	248	2	the	the	DET
gujaf-376	248	3	impact	impact	NOUN
gujaf-376	248	4	of	of	ADP
gujaf-376	248	5	foreign	foreign	ADJ
gujaf-376	248	6	ownership	ownership	NOUN
gujaf-376	248	7	and	and	CCONJ
gujaf-376	248	8	ownership	ownership	NOUN
gujaf-376	248	9	concentration	concentration	NOUN
gujaf-376	248	10	on	on	ADP
gujaf-376	248	11	firm	firm	ADJ
gujaf-376	248	12	performance	performance	NOUN
gujaf-376	248	13	:	:	PUNCT
gujaf-376	248	14	evidence	evidence	NOUN
gujaf-376	248	15	from	from	ADP
gujaf-376	248	16	indian	indian	ADJ
gujaf-376	248	17	manufacturing	manufacturing	NOUN
gujaf-376	248	18	firms	firm	NOUN
gujaf-376	248	19	.	.	PUNCT
gujaf-376	249	1	www.ijnrd.org	www.ijnrd.org	ADJ
gujaf-376	249	2	.	.	PUNCT
gujaf-376	250	1	indy	indy	PROPN
gujaf-376	250	2	,	,	PUNCT
gujaf-376	250	3	l.	l.	PROPN
gujaf-376	250	4	a.	a.	PROPN
gujaf-376	250	5	,	,	PUNCT
gujaf-376	250	6	uzliawati	uzliawati	PROPN
gujaf-376	250	7	,	,	PUNCT
gujaf-376	250	8	l.	l.	PROPN
gujaf-376	250	9	,	,	PUNCT
gujaf-376	250	10	&	&	CCONJ
gujaf-376	250	11	yulianto	yulianto	PROPN
gujaf-376	250	12	,	,	PUNCT
gujaf-376	250	13	a.	a.	PROPN
gujaf-376	250	14	s.	s.	PROPN
gujaf-376	250	15	(	(	PUNCT
gujaf-376	250	16	2023	2023	NUM
gujaf-376	250	17	)	)	PUNCT
gujaf-376	250	18	.	.	PUNCT
gujaf-376	251	1	enrichment	enrichment	NOUN
gujaf-376	251	2	:	:	PUNCT
gujaf-376	251	3	journal	journal	NOUN
gujaf-376	251	4	of	of	ADP
gujaf-376	251	5	management	management	NOUN
gujaf-376	251	6	managerial	managerial	ADJ
gujaf-376	251	7	ownership	ownership	NOUN
gujaf-376	251	8	profitability	profitability	NOUN
gujaf-376	251	9	and	and	CCONJ
gujaf-376	251	10	firm	firm	ADJ
gujaf-376	251	11	value	value	NOUN
gujaf-376	251	12	agency	agency	NOUN
gujaf-376	251	13	theory	theory	NOUN
gujaf-376	251	14	perspective	perspective	NOUN
gujaf-376	251	15	.	.	PUNCT
gujaf-376	252	1	in	in	ADP
gujaf-376	252	2	enrichment	enrichment	NOUN
gujaf-376	252	3	:	:	PUNCT
gujaf-376	252	4	journal	journal	NOUN
gujaf-376	252	5	of	of	ADP
gujaf-376	252	6	management	management	NOUN
gujaf-376	252	7	(	(	PUNCT
gujaf-376	252	8	vol	vol	NOUN
gujaf-376	252	9	.	.	PROPN
gujaf-376	252	10	13	13	NUM
gujaf-376	252	11	,	,	PUNCT
gujaf-376	252	12	issue	issue	NOUN
gujaf-376	252	13	1	1	NUM
gujaf-376	252	14	)	)	PUNCT
gujaf-376	252	15	.	.	PUNCT
gujaf-376	253	1	jihadi	jihadi	NOUN
gujaf-376	253	2	,	,	PUNCT
gujaf-376	253	3	m.	m.	NOUN
gujaf-376	253	4	,	,	PUNCT
gujaf-376	253	5	vilantika	vilantika	PROPN
gujaf-376	253	6	,	,	PUNCT
gujaf-376	253	7	e.	e.	PROPN
gujaf-376	253	8	,	,	PUNCT
gujaf-376	253	9	hashemi	hashemi	PROPN
gujaf-376	253	10	,	,	PUNCT
gujaf-376	253	11	s.	s.	PROPN
gujaf-376	253	12	m.	m.	PROPN
gujaf-376	253	13	,	,	PUNCT
gujaf-376	253	14	arifin	arifin	PROPN
gujaf-376	253	15	,	,	PUNCT
gujaf-376	253	16	z.	z.	PROPN
gujaf-376	253	17	,	,	PUNCT
gujaf-376	253	18	bachtiar	bachtiar	PROPN
gujaf-376	253	19	,	,	PUNCT
gujaf-376	253	20	y.	y.	PROPN
gujaf-376	253	21	,	,	PUNCT
gujaf-376	253	22	&	&	CCONJ
gujaf-376	253	23	sholichah	sholichah	PROPN
gujaf-376	253	24	,	,	PUNCT
gujaf-376	253	25	f.	f.	PROPN
gujaf-376	253	26	(	(	PUNCT
gujaf-376	253	27	2021	2021	NUM
gujaf-376	253	28	)	)	PUNCT
gujaf-376	253	29	.	.	PUNCT
gujaf-376	254	1	the	the	DET
gujaf-376	254	2	effect	effect	NOUN
gujaf-376	254	3	of	of	ADP
gujaf-376	254	4	liquidity	liquidity	NOUN
gujaf-376	254	5	,	,	PUNCT
gujaf-376	254	6	leverage	leverage	NOUN
gujaf-376	254	7	,	,	PUNCT
gujaf-376	254	8	and	and	CCONJ
gujaf-376	254	9	profitability	profitability	NOUN
gujaf-376	254	10	on	on	ADP
gujaf-376	254	11	firm	firm	ADJ
gujaf-376	254	12	value	value	NOUN
gujaf-376	254	13	:	:	PUNCT
gujaf-376	254	14	empirical	empirical	ADJ
gujaf-376	254	15	evidence	evidence	NOUN
gujaf-376	254	16	from	from	ADP
gujaf-376	254	17	indonesia	indonesia	PROPN
gujaf-376	254	18	.	.	PUNCT
gujaf-376	255	1	the	the	DET
gujaf-376	255	2	journal	journal	NOUN
gujaf-376	255	3	of	of	ADP
gujaf-376	255	4	asian	asian	ADJ
gujaf-376	255	5	finance	finance	NOUN
gujaf-376	255	6	,	,	PUNCT
gujaf-376	255	7	economics	economic	NOUN
gujaf-376	255	8	and	and	CCONJ
gujaf-376	255	9	business	business	NOUN
gujaf-376	255	10	,	,	PUNCT
gujaf-376	255	11	8(3	8(3	NUM
gujaf-376	255	12	)	)	PUNCT
gujaf-376	255	13	,	,	PUNCT
gujaf-376	255	14	423	423	NUM
gujaf-376	255	15	-	-	SYM
gujaf-376	255	16	431	431	NUM
gujaf-376	255	17	.	.	PUNCT
gujaf-376	256	1	kenton	kenton	PROPN
gujaf-376	256	2	,	,	PUNCT
gujaf-376	256	3	w.	w.	PROPN
gujaf-376	256	4	(	(	PUNCT
gujaf-376	256	5	2021	2021	NUM
gujaf-376	256	6	)	)	PUNCT
gujaf-376	256	7	.	.	PUNCT
gujaf-376	257	1	institutional	institutional	ADJ
gujaf-376	257	2	ownership	ownership	NOUN
gujaf-376	257	3	defined	define	VERB
gujaf-376	257	4	and	and	CCONJ
gujaf-376	257	5	explained	explain	VERB
gujaf-376	257	6	.	.	PUNCT
gujaf-376	258	1	investopedia	investopedia	PROPN
gujaf-376	258	2	.	.	PUNCT
gujaf-376	259	1	https://www.investopedia.com/terms/i/institutionalownership.asp#:~:text=institutional%20ownership%20is%20the%20amount,funds%20	https://www.investopedia.com/terms/i/institutionalownership.asp#:~:text=institutional%20ownership%20is%20the%20amount,funds%20	NOUN
gujaf-376	259	2	on%20behalf%20of%20others	on%20behalf%20of%20other	NOUN
gujaf-376	259	3	.	.	PUNCT
gujaf-376	260	1	gusau	gusau	PROPN
gujaf-376	260	2	journal	journal	PROPN
gujaf-376	260	3	of	of	ADP
gujaf-376	260	4	accounting	accounting	NOUN
gujaf-376	260	5	and	and	CCONJ
gujaf-376	260	6	finance	finance	NOUN
gujaf-376	260	7	,	,	PUNCT
gujaf-376	260	8	vol.6	vol.6	PROPN
gujaf-376	260	9	,	,	PUNCT
gujaf-376	260	10	issue	issue	NOUN
gujaf-376	260	11	1	1	NUM
gujaf-376	260	12	,	,	PUNCT
gujaf-376	260	13	april	april	PROPN
gujaf-376	260	14	,	,	PUNCT
gujaf-376	260	15	2025	2025	NUM
gujaf-376	260	16	166	166	NUM
gujaf-376	260	17	krause	krause	NOUN
gujaf-376	260	18	,	,	PUNCT
gujaf-376	260	19	t.	t.	PROPN
gujaf-376	260	20	a.	a.	PROPN
gujaf-376	260	21	,	,	PUNCT
gujaf-376	260	22	&	&	CCONJ
gujaf-376	260	23	tse	tse	PROPN
gujaf-376	260	24	,	,	PUNCT
gujaf-376	260	25	y.	y.	PROPN
gujaf-376	260	26	(	(	PUNCT
gujaf-376	260	27	2016	2016	NUM
gujaf-376	260	28	)	)	PUNCT
gujaf-376	260	29	.	.	PUNCT
gujaf-376	261	1	risk	risk	NOUN
gujaf-376	261	2	management	management	NOUN
gujaf-376	261	3	and	and	CCONJ
gujaf-376	261	4	firm	firm	ADJ
gujaf-376	261	5	value	value	NOUN
gujaf-376	261	6	:	:	PUNCT
gujaf-376	261	7	recent	recent	ADJ
gujaf-376	261	8	theory	theory	NOUN
gujaf-376	261	9	and	and	CCONJ
gujaf-376	261	10	evidence	evidence	NOUN
gujaf-376	261	11	.	.	PUNCT
gujaf-376	262	1	international	international	ADJ
gujaf-376	262	2	journal	journal	PROPN
gujaf-376	262	3	of	of	ADP
gujaf-376	262	4	accounting	accounting	NOUN
gujaf-376	262	5	and	and	CCONJ
gujaf-376	262	6	information	information	NOUN
gujaf-376	262	7	management	management	NOUN
gujaf-376	262	8	,	,	PUNCT
gujaf-376	262	9	24(1	24(1	NUM
gujaf-376	262	10	)	)	PUNCT
gujaf-376	262	11	,	,	PUNCT
gujaf-376	262	12	5681	5681	NUM
gujaf-376	262	13	.	.	PUNCT
gujaf-376	263	1	kusnadi	kusnadi	NOUN
gujaf-376	263	2	,	,	PUNCT
gujaf-376	263	3	y.	y.	PROPN
gujaf-376	263	4	,	,	PUNCT
gujaf-376	263	5	wang	wang	PROPN
gujaf-376	263	6	,	,	PUNCT
gujaf-376	263	7	j.	j.	PROPN
gujaf-376	263	8	,	,	PUNCT
gujaf-376	263	9	&	&	CCONJ
gujaf-376	263	10	xu	xu	PROPN
gujaf-376	263	11	,	,	PUNCT
gujaf-376	263	12	l.	l.	PROPN
gujaf-376	263	13	(	(	PUNCT
gujaf-376	263	14	2022	2022	NUM
gujaf-376	263	15	)	)	PUNCT
gujaf-376	263	16	.	.	PUNCT
gujaf-376	264	1	foreign	foreign	ADJ
gujaf-376	264	2	institutional	institutional	ADJ
gujaf-376	264	3	ownership	ownership	NOUN
gujaf-376	264	4	and	and	CCONJ
gujaf-376	264	5	firm	firm	ADJ
gujaf-376	264	6	performance	performance	NOUN
gujaf-376	264	7	:	:	PUNCT
gujaf-376	264	8	international	international	ADJ
gujaf-376	264	9	evidence	evidence	NOUN
gujaf-376	264	10	.	.	PUNCT
gujaf-376	265	1	journal	journal	NOUN
gujaf-376	265	2	of	of	ADP
gujaf-376	265	3	international	international	ADJ
gujaf-376	265	4	financial	financial	ADJ
gujaf-376	265	5	markets	market	NOUN
gujaf-376	265	6	,	,	PUNCT
gujaf-376	265	7	institutions	institution	NOUN
gujaf-376	265	8	and	and	CCONJ
gujaf-376	265	9	money	money	NOUN
gujaf-376	265	10	,	,	PUNCT
gujaf-376	265	11	78	78	NUM
gujaf-376	265	12	,	,	PUNCT
gujaf-376	265	13	101559	101559	NUM
gujaf-376	265	14	.	.	PUNCT
gujaf-376	266	1	https://doi.org/10.1016/j.intfin.2022.101559	https://doi.org/10.1016/j.intfin.2022.101559	PROPN
gujaf-376	266	2	.	.	PUNCT
gujaf-376	267	1	leny	leny	PROPN
gujaf-376	267	2	suzan	suzan	PROPN
gujaf-376	267	3	,	,	PUNCT
gujaf-376	267	4	&	&	CCONJ
gujaf-376	267	5	nurul	nurul	PROPN
gujaf-376	267	6	izza	izza	PROPN
gujaf-376	267	7	ramadhani	ramadhani	PROPN
gujaf-376	267	8	.	.	PUNCT
gujaf-376	268	1	(	(	PUNCT
gujaf-376	268	2	2023	2023	NUM
gujaf-376	268	3	)	)	PUNCT
gujaf-376	268	4	.	.	PUNCT
gujaf-376	269	1	firm	firm	ADJ
gujaf-376	269	2	value	value	NOUN
gujaf-376	269	3	factors	factor	NOUN
gujaf-376	269	4	:	:	PUNCT
gujaf-376	269	5	the	the	DET
gujaf-376	269	6	effect	effect	NOUN
gujaf-376	269	7	of	of	ADP
gujaf-376	269	8	intellectual	intellectual	ADJ
gujaf-376	269	9	capital	capital	NOUN
gujaf-376	269	10	,	,	PUNCT
gujaf-376	269	11	managerial	managerial	ADJ
gujaf-376	269	12	ownership	ownership	NOUN
gujaf-376	269	13	,	,	PUNCT
gujaf-376	269	14	and	and	CCONJ
gujaf-376	269	15	profitability	profitability	NOUN
gujaf-376	269	16	.	.	PUNCT
gujaf-376	270	1	jurnal	jurnal	PROPN
gujaf-376	270	2	akuntansi	akuntansi	PROPN
gujaf-376	270	3	,	,	PUNCT
gujaf-376	270	4	27(3	27(3	NUM
gujaf-376	270	5	)	)	PUNCT
gujaf-376	270	6	,	,	PUNCT
gujaf-376	270	7	401–420	401–420	NUM
gujaf-376	270	8	.	.	PUNCT
gujaf-376	271	1	https://doi.org/10.24912/ja.v27i3.1487	https://doi.org/10.24912/ja.v27i3.1487	PROPN
gujaf-376	271	2	.	.	PUNCT
gujaf-376	272	1	lifaldi	lifaldi	PROPN
gujaf-376	272	2	,	,	PUNCT
gujaf-376	272	3	b.	b.	PROPN
gujaf-376	272	4	,	,	PUNCT
gujaf-376	272	5	yuvisa	yuvisa	NOUN
gujaf-376	272	6	ibrani	ibrani	PROPN
gujaf-376	272	7	,	,	PUNCT
gujaf-376	272	8	e.	e.	PROPN
gujaf-376	272	9	,	,	PUNCT
gujaf-376	272	10	&	&	CCONJ
gujaf-376	272	11	uzliawati	uzliawati	PROPN
gujaf-376	272	12	,	,	PUNCT
gujaf-376	272	13	l.	l.	PROPN
gujaf-376	272	14	(	(	PUNCT
gujaf-376	272	15	2023	2023	NUM
gujaf-376	272	16	)	)	PUNCT
gujaf-376	272	17	.	.	PUNCT
gujaf-376	273	1	the	the	DET
gujaf-376	273	2	effect	effect	NOUN
gujaf-376	273	3	of	of	ADP
gujaf-376	273	4	institutional	institutional	ADJ
gujaf-376	273	5	ownership	ownership	NOUN
gujaf-376	273	6	,	,	PUNCT
gujaf-376	273	7	company	company	NOUN
gujaf-376	273	8	diversification	diversification	NOUN
gujaf-376	273	9	,	,	PUNCT
gujaf-376	273	10	and	and	CCONJ
gujaf-376	273	11	profitability	profitability	NOUN
gujaf-376	273	12	on	on	ADP
gujaf-376	273	13	company	company	NOUN
gujaf-376	273	14	value	value	NOUN
gujaf-376	273	15	in	in	ADP
gujaf-376	273	16	manufacturing	manufacturing	NOUN
gujaf-376	273	17	companies	company	NOUN
gujaf-376	273	18	listed	list	VERB
gujaf-376	273	19	on	on	ADP
gujaf-376	273	20	the	the	DET
gujaf-376	273	21	indonesia	indonesia	PROPN
gujaf-376	273	22	stock	stock	PROPN
gujaf-376	273	23	exchange	exchange	PROPN
gujaf-376	273	24	.	.	PUNCT
gujaf-376	274	1	journal	journal	NOUN
gujaf-376	274	2	of	of	ADP
gujaf-376	274	3	applied	apply	VERB
gujaf-376	274	4	business	business	NOUN
gujaf-376	274	5	,	,	PUNCT
gujaf-376	274	6	taxation	taxation	NOUN
gujaf-376	274	7	and	and	CCONJ
gujaf-376	274	8	economics	economic	NOUN
gujaf-376	274	9	research	research	NOUN
gujaf-376	274	10	,	,	PUNCT
gujaf-376	274	11	2(6	2(6	NUM
gujaf-376	274	12	)	)	PUNCT
gujaf-376	274	13	,	,	PUNCT
gujaf-376	274	14	602–618	602–618	NUM
gujaf-376	274	15	.	.	PUNCT
gujaf-376	275	1	https://doi.org/10.54408/jabter.v2i6.194	https://doi.org/10.54408/jabter.v2i6.194	PROPN
gujaf-376	275	2	.	.	PUNCT
gujaf-376	276	1	moradi	moradi	PROPN
gujaf-376	276	2	,	,	PUNCT
gujaf-376	276	3	m.	m.	NOUN
gujaf-376	276	4	,	,	PUNCT
gujaf-376	276	5	yazdifar	yazdifar	ADV
gujaf-376	276	6	,	,	PUNCT
gujaf-376	276	7	h.	h.	PROPN
gujaf-376	276	8	,	,	PUNCT
gujaf-376	276	9	eskandar	eskandar	PROPN
gujaf-376	276	10	,	,	PUNCT
gujaf-376	276	11	h.	h.	PROPN
gujaf-376	276	12	,	,	PUNCT
gujaf-376	276	13	&	&	CCONJ
gujaf-376	276	14	namazi	namazi	PROPN
gujaf-376	276	15	,	,	PUNCT
gujaf-376	276	16	n.	n.	PROPN
gujaf-376	276	17	r.	r.	PROPN
gujaf-376	276	18	(	(	PUNCT
gujaf-376	276	19	2022	2022	NUM
gujaf-376	276	20	)	)	PUNCT
gujaf-376	276	21	.	.	PUNCT
gujaf-376	277	1	institutional	institutional	ADJ
gujaf-376	277	2	ownership	ownership	NOUN
gujaf-376	277	3	and	and	CCONJ
gujaf-376	277	4	investment	investment	NOUN
gujaf-376	277	5	efficiency	efficiency	NOUN
gujaf-376	277	6	:	:	PUNCT
gujaf-376	277	7	evidence	evidence	NOUN
gujaf-376	277	8	from	from	ADP
gujaf-376	277	9	iran	iran	PROPN
gujaf-376	277	10	.	.	PUNCT
gujaf-376	278	1	journal	journal	PROPN
gujaf-376	278	2	of	of	ADP
gujaf-376	278	3	risk	risk	NOUN
gujaf-376	278	4	and	and	CCONJ
gujaf-376	278	5	financial	financial	ADJ
gujaf-376	278	6	management	management	NOUN
gujaf-376	278	7	,	,	PUNCT
gujaf-376	278	8	15(7	15(7	NUM
gujaf-376	278	9	)	)	PUNCT
gujaf-376	278	10	.	.	PUNCT
gujaf-376	279	1	https://doi.org/10.3390/jrfm15070290	https://doi.org/10.3390/jrfm15070290	PROPN
gujaf-376	279	2	.	.	PUNCT
gujaf-376	280	1	morck	morck	PROPN
gujaf-376	280	2	,	,	PUNCT
gujaf-376	280	3	r.	r.	PROPN
gujaf-376	280	4	,	,	PUNCT
gujaf-376	280	5	shleifer	shleifer	PROPN
gujaf-376	280	6	,	,	PUNCT
gujaf-376	280	7	a.	a.	PROPN
gujaf-376	280	8	,	,	PUNCT
gujaf-376	280	9	&	&	CCONJ
gujaf-376	280	10	vishny	vishny	PROPN
gujaf-376	280	11	,	,	PUNCT
gujaf-376	280	12	r.	r.	PROPN
gujaf-376	280	13	w.	w.	PROPN
gujaf-376	280	14	(	(	PUNCT
gujaf-376	280	15	1988	1988	NUM
gujaf-376	280	16	)	)	PUNCT
gujaf-376	280	17	.	.	PUNCT
gujaf-376	281	1	management	management	NOUN
gujaf-376	281	2	ownership	ownership	NOUN
gujaf-376	281	3	and	and	CCONJ
gujaf-376	281	4	market	market	NOUN
gujaf-376	281	5	valuation	valuation	NOUN
gujaf-376	281	6	:	:	PUNCT
gujaf-376	281	7	an	an	DET
gujaf-376	281	8	empirical	empirical	ADJ
gujaf-376	281	9	analysis	analysis	NOUN
gujaf-376	281	10	.	.	PUNCT
gujaf-376	282	1	journal	journal	NOUN
gujaf-376	282	2	of	of	ADP
gujaf-376	282	3	financial	financial	ADJ
gujaf-376	282	4	economics	economic	NOUN
gujaf-376	282	5	,	,	PUNCT
gujaf-376	282	6	20(1	20(1	NUM
gujaf-376	282	7	-	-	SYM
gujaf-376	282	8	2	2	NUM
gujaf-376	282	9	)	)	PUNCT
gujaf-376	282	10	,	,	PUNCT
gujaf-376	282	11	293	293	NUM
gujaf-376	282	12	-	-	SYM
gujaf-376	282	13	315	315	NUM
gujaf-376	282	14	.	.	PUNCT
gujaf-376	283	1	musah	musah	PROPN
gujaf-376	283	2	,	,	PUNCT
gujaf-376	283	3	a.	a.	NOUN
gujaf-376	283	4	,	,	PUNCT
gujaf-376	283	5	abdulai	abdulai	ADJ
gujaf-376	283	6	,	,	PUNCT
gujaf-376	283	7	m.	m.	NOUN
gujaf-376	283	8	,	,	PUNCT
gujaf-376	283	9	&	&	CCONJ
gujaf-376	283	10	baffour	baffour	PROPN
gujaf-376	283	11	,	,	PUNCT
gujaf-376	283	12	h.	h.	PROPN
gujaf-376	283	13	(	(	PUNCT
gujaf-376	283	14	2020	2020	NUM
gujaf-376	283	15	)	)	PUNCT
gujaf-376	283	16	.	.	PUNCT
gujaf-376	284	1	the	the	DET
gujaf-376	284	2	effect	effect	NOUN
gujaf-376	284	3	of	of	ADP
gujaf-376	284	4	mergers	merger	NOUN
gujaf-376	284	5	and	and	CCONJ
gujaf-376	284	6	acquisitions	acquisition	NOUN
gujaf-376	284	7	on	on	ADP
gujaf-376	284	8	bank	bank	NOUN
gujaf-376	284	9	performance	performance	NOUN
gujaf-376	284	10	in	in	ADP
gujaf-376	284	11	ghana	ghana	PROPN
gujaf-376	284	12	.	.	PUNCT
gujaf-376	285	1	asian	asian	ADJ
gujaf-376	285	2	journal	journal	PROPN
gujaf-376	285	3	of	of	ADP
gujaf-376	285	4	economics	economic	NOUN
gujaf-376	285	5	and	and	CCONJ
gujaf-376	285	6	empirical	empirical	ADJ
gujaf-376	285	7	research	research	NOUN
gujaf-376	285	8	,	,	PUNCT
gujaf-376	285	9	7(1	7(1	NUM
gujaf-376	285	10	)	)	PUNCT
gujaf-376	285	11	,	,	PUNCT
gujaf-376	285	12	36	36	NUM
gujaf-376	285	13	–	–	PUNCT
gujaf-376	285	14	45	45	NUM
gujaf-376	285	15	.	.	PUNCT
gujaf-376	286	1	https://doi.org/10.20448/journal.501.2020.71.36.45	https://doi.org/10.20448/journal.501.2020.71.36.45	NUM
gujaf-376	286	2	.	.	PUNCT
gujaf-376	287	1	nashier	nashier	NOUN
gujaf-376	287	2	,	,	PUNCT
gujaf-376	287	3	t.	t.	PROPN
gujaf-376	287	4	,	,	PUNCT
gujaf-376	287	5	&	&	CCONJ
gujaf-376	287	6	gupta	gupta	PROPN
gujaf-376	287	7	,	,	PUNCT
gujaf-376	287	8	a.	a.	NOUN
gujaf-376	287	9	(	(	PUNCT
gujaf-376	287	10	2023	2023	NUM
gujaf-376	287	11	)	)	PUNCT
gujaf-376	287	12	.	.	PUNCT
gujaf-376	288	1	ownership	ownership	NOUN
gujaf-376	288	2	concentration	concentration	NOUN
gujaf-376	288	3	and	and	CCONJ
gujaf-376	288	4	firm	firm	ADJ
gujaf-376	288	5	performance	performance	NOUN
gujaf-376	288	6	in	in	ADP
gujaf-376	288	7	india	india	PROPN
gujaf-376	288	8	.	.	PUNCT
gujaf-376	289	1	global	global	ADJ
gujaf-376	289	2	business	business	PROPN
gujaf-376	289	3	review	review	PROPN
gujaf-376	289	4	,	,	PUNCT
gujaf-376	289	5	24(2	24(2	NUM
gujaf-376	289	6	)	)	PUNCT
gujaf-376	289	7	,	,	PUNCT
gujaf-376	289	8	353–370	353–370	NUM
gujaf-376	289	9	.	.	PUNCT
gujaf-376	290	1	https://doi.org/10.1177/0972150919894395	https://doi.org/10.1177/0972150919894395	X
gujaf-376	290	2	.	.	PUNCT
gujaf-376	291	1	nurhidayati	nurhidayati	PROPN
gujaf-376	291	2	,	,	PUNCT
gujaf-376	291	3	n.	n.	PROPN
gujaf-376	291	4	&	&	CCONJ
gujaf-376	291	5	santoso	santoso	PROPN
gujaf-376	291	6	,	,	PUNCT
gujaf-376	291	7	a.	a.	NOUN
gujaf-376	291	8	(	(	PUNCT
gujaf-376	291	9	2022	2022	NUM
gujaf-376	291	10	)	)	PUNCT
gujaf-376	291	11	.	.	PUNCT
gujaf-376	292	1	ownership	ownership	NOUN
gujaf-376	292	2	of	of	ADP
gujaf-376	292	3	management	management	NOUN
gujaf-376	292	4	as	as	ADP
gujaf-376	292	5	a	a	DET
gujaf-376	292	6	moderating	moderating	NOUN
gujaf-376	292	7	of	of	ADP
gujaf-376	292	8	impact	impact	NOUN
gujaf-376	292	9	profitability	profitability	NOUN
gujaf-376	292	10	to	to	PART
gujaf-376	292	11	firm	firm	ADJ
gujaf-376	292	12	value	value	NOUN
gujaf-376	292	13	.	.	PUNCT
gujaf-376	293	1	jkbm	jkbm	PROPN
gujaf-376	293	2	(	(	PUNCT
gujaf-376	293	3	jurnal	jurnal	PROPN
gujaf-376	293	4	konsep	konsep	PROPN
gujaf-376	293	5	bisnis	bisnis	PROPN
gujaf-376	293	6	dan	dan	PROPN
gujaf-376	293	7	manajemen	manajemen	PROPN
gujaf-376	293	8	)	)	PUNCT
gujaf-376	293	9	,	,	PUNCT
gujaf-376	293	10	9(1	9(1	NUM
gujaf-376	293	11	)	)	PUNCT
gujaf-376	293	12	,	,	PUNCT
gujaf-376	293	13	67–77	67–77	NUM
gujaf-376	293	14	.	.	PUNCT
gujaf-376	294	1	https://doi.org/10.31289/jkbm.v9i1.8314	https://doi.org/10.31289/jkbm.v9i1.8314	PROPN
gujaf-376	294	2	.	.	PUNCT
gujaf-376	294	3	oyedokun	oyedokun	PROPN
gujaf-376	294	4	,	,	PUNCT
gujaf-376	294	5	g.	g.	PROPN
gujaf-376	294	6	e.	e.	PROPN
gujaf-376	294	7	,	,	PUNCT
gujaf-376	294	8	isah	isah	PROPN
gujaf-376	294	9	,	,	PUNCT
gujaf-376	294	10	s.	s.	PROPN
gujaf-376	294	11	,	,	PUNCT
gujaf-376	294	12	&	&	CCONJ
gujaf-376	294	13	awotomilusi	awotomilusi	PROPN
gujaf-376	294	14	,	,	PUNCT
gujaf-376	294	15	n.	n.	PROPN
gujaf-376	294	16	s.	s.	PROPN
gujaf-376	294	17	(	(	PUNCT
gujaf-376	294	18	2020	2020	NUM
gujaf-376	294	19	)	)	PUNCT
gujaf-376	294	20	.	.	PUNCT
gujaf-376	295	1	ownership	ownership	NOUN
gujaf-376	295	2	structure	structure	NOUN
gujaf-376	295	3	and	and	CCONJ
gujaf-376	295	4	firm	firm	ADJ
gujaf-376	295	5	value	value	NOUN
gujaf-376	295	6	of	of	ADP
gujaf-376	295	7	quoted	quote	VERB
gujaf-376	295	8	consumers	consumer	NOUN
gujaf-376	295	9	goods	good	NOUN
gujaf-376	295	10	firms	firm	NOUN
gujaf-376	295	11	in	in	ADP
gujaf-376	295	12	nigeria	nigeria	PROPN
gujaf-376	295	13	.	.	PUNCT
gujaf-376	296	1	journal	journal	PROPN
gujaf-376	296	2	of	of	ADP
gujaf-376	296	3	accounting	accounting	NOUN
gujaf-376	296	4	and	and	CCONJ
gujaf-376	296	5	strategic	strategic	ADJ
gujaf-376	296	6	finance	finance	NOUN
gujaf-376	296	7	,	,	PUNCT
gujaf-376	296	8	3(2	3(2	NUM
gujaf-376	296	9	)	)	PUNCT
gujaf-376	296	10	,	,	PUNCT
gujaf-376	296	11	214–228.mendeley+1jasf.upnjatim.ac.id+1	214–228.mendeley+1jasf.upnjatim.ac.id+1	NUM
gujaf-376	296	12	.	.	PUNCT
gujaf-376	297	1	putro	putro	PROPN
gujaf-376	297	2	,	,	PUNCT
gujaf-376	297	3	d.	d.	PROPN
gujaf-376	297	4	c.	c.	PROPN
gujaf-376	297	5	,	,	PUNCT
gujaf-376	297	6	&	&	CCONJ
gujaf-376	297	7	risman	risman	PROPN
gujaf-376	297	8	,	,	PUNCT
gujaf-376	297	9	a.	a.	NOUN
gujaf-376	297	10	(	(	PUNCT
gujaf-376	297	11	2021	2021	NUM
gujaf-376	297	12	)	)	PUNCT
gujaf-376	297	13	.	.	PUNCT
gujaf-376	298	1	the	the	DET
gujaf-376	298	2	effect	effect	NOUN
gujaf-376	298	3	of	of	ADP
gujaf-376	298	4	capital	capital	NOUN
gujaf-376	298	5	structure	structure	NOUN
gujaf-376	298	6	and	and	CCONJ
gujaf-376	298	7	liquidity	liquidity	NOUN
gujaf-376	298	8	on	on	ADP
gujaf-376	298	9	firm	firm	ADJ
gujaf-376	298	10	value	value	NOUN
gujaf-376	298	11	mediated	mediate	VERB
gujaf-376	298	12	by	by	ADP
gujaf-376	298	13	profitability	profitability	NOUN
gujaf-376	298	14	.	.	PUNCT
gujaf-376	299	1	the	the	DET
gujaf-376	299	2	euraseans	eurasean	NOUN
gujaf-376	299	3	:	:	PUNCT
gujaf-376	299	4	journal	journal	NOUN
gujaf-376	299	5	on	on	ADP
gujaf-376	299	6	global	global	ADJ
gujaf-376	299	7	socio	socio	NOUN
gujaf-376	299	8	-	-	PUNCT
gujaf-376	299	9	economic	economic	ADJ
gujaf-376	299	10	dynamics	dynamic	NOUN
gujaf-376	299	11	,	,	PUNCT
gujaf-376	299	12	(	(	PUNCT
gujaf-376	299	13	2	2	NUM
gujaf-376	299	14	(	(	PUNCT
gujaf-376	299	15	27	27	NUM
gujaf-376	299	16	)	)	PUNCT
gujaf-376	299	17	)	)	PUNCT
gujaf-376	299	18	,	,	PUNCT
gujaf-376	299	19	26	26	NUM
gujaf-376	299	20	-	-	SYM
gujaf-376	299	21	34	34	NUM
gujaf-376	299	22	.	.	PUNCT
gujaf-376	300	1	qi	qi	PROPN
gujaf-376	300	2	,	,	PUNCT
gujaf-376	300	3	q.	q.	PROPN
gujaf-376	300	4	,	,	PUNCT
gujaf-376	300	5	li	li	PROPN
gujaf-376	300	6	,	,	PUNCT
gujaf-376	300	7	w.	w.	PROPN
gujaf-376	300	8	,	,	PUNCT
gujaf-376	300	9	liu	liu	PROPN
gujaf-376	300	10	,	,	PUNCT
gujaf-376	300	11	c.	c.	PROPN
gujaf-376	300	12	,	,	PUNCT
gujaf-376	300	13	huang	huang	PROPN
gujaf-376	300	14	,	,	PUNCT
gujaf-376	300	15	y.	y.	PROPN
gujaf-376	300	16	,	,	PUNCT
gujaf-376	300	17	&	&	CCONJ
gujaf-376	300	18	hu	hu	PROPN
gujaf-376	300	19	,	,	PUNCT
gujaf-376	300	20	c.	c.	PROPN
gujaf-376	300	21	(	(	PUNCT
gujaf-376	300	22	2022	2022	NUM
gujaf-376	300	23	)	)	PUNCT
gujaf-376	300	24	.	.	PUNCT
gujaf-376	301	1	continuous	continuous	ADJ
gujaf-376	301	2	cash	cash	NOUN
gujaf-376	301	3	dividends	dividend	NOUN
gujaf-376	301	4	,	,	PUNCT
gujaf-376	301	5	ownership	ownership	NOUN
gujaf-376	301	6	structure	structure	NOUN
gujaf-376	301	7	and	and	CCONJ
gujaf-376	301	8	firm	firm	ADJ
gujaf-376	301	9	value	value	NOUN
gujaf-376	301	10	:	:	PUNCT
gujaf-376	301	11	evidence	evidence	NOUN
gujaf-376	301	12	from	from	ADP
gujaf-376	301	13	chinese	chinese	PROPN
gujaf-376	301	14	a	a	DET
gujaf-376	301	15	-	-	PUNCT
gujaf-376	301	16	share	share	NOUN
gujaf-376	301	17	market	market	NOUN
gujaf-376	301	18	.	.	PUNCT
gujaf-376	302	1	plos	plos	PROPN
gujaf-376	302	2	one	one	NUM
gujaf-376	302	3	,	,	PUNCT
gujaf-376	302	4	17(3	17(3	NUM
gujaf-376	302	5	march	march	NOUN
gujaf-376	302	6	)	)	PUNCT
gujaf-376	302	7	.	.	PUNCT
gujaf-376	303	1	https://doi.org/10.1371/journal.pone.0265177	https://doi.org/10.1371/journal.pone.0265177	PROPN
gujaf-376	303	2	.	.	PUNCT
gujaf-376	304	1	saidi	saidi	PROPN
gujaf-376	304	2	,	,	PUNCT
gujaf-376	304	3	a.	a.	PROPN
gujaf-376	304	4	s.	s.	PROPN
gujaf-376	304	5	,	,	PUNCT
gujaf-376	304	6	&	&	CCONJ
gujaf-376	304	7	gidado	gidado	PROPN
gujaf-376	304	8	,	,	PUNCT
gujaf-376	304	9	s.	s.	PROPN
gujaf-376	304	10	(	(	PUNCT
gujaf-376	304	11	2018	2018	NUM
gujaf-376	304	12	)	)	PUNCT
gujaf-376	304	13	.	.	PUNCT
gujaf-376	305	1	managerial	managerial	ADJ
gujaf-376	305	2	ownership	ownership	NOUN
gujaf-376	305	3	and	and	CCONJ
gujaf-376	305	4	financial	financial	ADJ
gujaf-376	305	5	performance	performance	NOUN
gujaf-376	305	6	of	of	ADP
gujaf-376	305	7	listed	list	VERB
gujaf-376	305	8	manufacturing	manufacturing	NOUN
gujaf-376	305	9	firms	firm	NOUN
gujaf-376	305	10	in	in	ADP
gujaf-376	305	11	nigeria	nigeria	PROPN
gujaf-376	305	12	.	.	PUNCT
gujaf-376	306	1	international	international	ADJ
gujaf-376	306	2	journal	journal	PROPN
gujaf-376	306	3	of	of	ADP
gujaf-376	306	4	academic	academic	ADJ
gujaf-376	306	5	research	research	NOUN
gujaf-376	306	6	in	in	ADP
gujaf-376	306	7	business	business	NOUN
gujaf-376	306	8	and	and	CCONJ
gujaf-376	306	9	social	social	ADJ
gujaf-376	306	10	sciences	science	NOUN
gujaf-376	306	11	,	,	PUNCT
gujaf-376	306	12	8(9	8(9	NUM
gujaf-376	306	13	)	)	PUNCT
gujaf-376	306	14	,	,	PUNCT
gujaf-376	306	15	1–10	1–10	NOUN
gujaf-376	306	16	.	.	PUNCT
gujaf-376	307	1	gusau	gusau	PROPN
gujaf-376	307	2	journal	journal	PROPN
gujaf-376	307	3	of	of	ADP
gujaf-376	307	4	accounting	accounting	NOUN
gujaf-376	307	5	and	and	CCONJ
gujaf-376	307	6	finance	finance	NOUN
gujaf-376	307	7	,	,	PUNCT
gujaf-376	307	8	vol.6	vol.6	PROPN
gujaf-376	307	9	,	,	PUNCT
gujaf-376	307	10	issue	issue	NOUN
gujaf-376	307	11	1	1	NUM
gujaf-376	307	12	,	,	PUNCT
gujaf-376	307	13	april	april	PROPN
gujaf-376	307	14	,	,	PUNCT
gujaf-376	307	15	2025	2025	NUM
gujaf-376	307	16	167	167	NUM
gujaf-376	307	17	sakawa	sakawa	NOUN
gujaf-376	307	18	,	,	PUNCT
gujaf-376	307	19	h.	h.	PROPN
gujaf-376	307	20	,	,	PUNCT
gujaf-376	307	21	&	&	CCONJ
gujaf-376	307	22	watanabel	watanabel	PROPN
gujaf-376	307	23	,	,	PUNCT
gujaf-376	307	24	n.	n.	PROPN
gujaf-376	307	25	(	(	PUNCT
gujaf-376	307	26	2020	2020	NUM
gujaf-376	307	27	)	)	PUNCT
gujaf-376	307	28	.	.	PUNCT
gujaf-376	308	1	institutional	institutional	ADJ
gujaf-376	308	2	ownership	ownership	NOUN
gujaf-376	308	3	and	and	CCONJ
gujaf-376	308	4	firm	firm	ADJ
gujaf-376	308	5	performance	performance	NOUN
gujaf-376	308	6	under	under	ADP
gujaf-376	308	7	stakeholder	stakeholder	NOUN
gujaf-376	308	8	-	-	PUNCT
gujaf-376	308	9	oriented	orient	VERB
gujaf-376	308	10	corporate	corporate	ADJ
gujaf-376	308	11	governance	governance	NOUN
gujaf-376	308	12	.	.	PUNCT
gujaf-376	309	1	sustainability	sustainability	NOUN
gujaf-376	309	2	(	(	PUNCT
gujaf-376	309	3	switzerland	switzerland	PROPN
gujaf-376	309	4	)	)	PUNCT
gujaf-376	309	5	,	,	PUNCT
gujaf-376	309	6	12(3	12(3	NUM
gujaf-376	309	7	)	)	PUNCT
gujaf-376	309	8	.	.	PUNCT
gujaf-376	310	1	https://doi.org/10.3390/su12031021	https://doi.org/10.3390/su12031021	X
gujaf-376	310	2	.	.	PUNCT
gujaf-376	310	3	santi	santi	PROPN
gujaf-376	310	4	novita	novita	PROPN
gujaf-376	310	5	,	,	PUNCT
gujaf-376	310	6	m.	m.	PROPN
gujaf-376	310	7	s.	s.	PROPN
gujaf-376	310	8	(	(	PUNCT
gujaf-376	310	9	2020	2020	NUM
gujaf-376	310	10	)	)	PUNCT
gujaf-376	310	11	.	.	PUNCT
gujaf-376	311	1	ownership	ownership	NOUN
gujaf-376	311	2	structure	structure	NOUN
gujaf-376	311	3	,	,	PUNCT
gujaf-376	311	4	firm	firm	ADJ
gujaf-376	311	5	value	value	NOUN
gujaf-376	311	6	and	and	CCONJ
gujaf-376	311	7	mediating	mediate	VERB
gujaf-376	311	8	effect	effect	NOUN
gujaf-376	311	9	of	of	ADP
gujaf-376	311	10	firm	firm	ADJ
gujaf-376	311	11	performance	performance	NOUN
gujaf-376	311	12	.	.	PUNCT
gujaf-376	312	1	jurnal	jurnal	ADJ
gujaf-376	312	2	akuntansi	akuntansi	PROPN
gujaf-376	312	3	,	,	PUNCT
gujaf-376	312	4	24(2	24(2	NUM
gujaf-376	312	5	)	)	PUNCT
gujaf-376	312	6	,	,	PUNCT
gujaf-376	312	7	219	219	NUM
gujaf-376	312	8	.	.	PUNCT
gujaf-376	313	1	https://doi.org/10.24912/ja.v24i2.692	https://doi.org/10.24912/ja.v24i2.692	PROPN
gujaf-376	313	2	singh	singh	PROPN
gujaf-376	313	3	,	,	PUNCT
gujaf-376	313	4	s.	s.	PROPN
gujaf-376	313	5	,	,	PUNCT
gujaf-376	313	6	&	&	CCONJ
gujaf-376	313	7	rastogi	rastogi	PROPN
gujaf-376	313	8	,	,	PUNCT
gujaf-376	313	9	s.	s.	PROPN
gujaf-376	313	10	(	(	PUNCT
gujaf-376	313	11	2023	2023	NUM
gujaf-376	313	12	)	)	PUNCT
gujaf-376	313	13	.	.	PUNCT
gujaf-376	314	1	competition	competition	NOUN
gujaf-376	314	2	and	and	CCONJ
gujaf-376	314	3	ownership	ownership	NOUN
gujaf-376	314	4	concentration	concentration	NOUN
gujaf-376	314	5	:	:	PUNCT
gujaf-376	314	6	exotic	exotic	ADJ
gujaf-376	314	7	tools	tool	NOUN
gujaf-376	314	8	for	for	ADP
gujaf-376	314	9	corporate	corporate	ADJ
gujaf-376	314	10	governance	governance	NOUN
gujaf-376	314	11	in	in	ADP
gujaf-376	314	12	firms	firm	NOUN
gujaf-376	314	13	.	.	PUNCT
gujaf-376	315	1	shao	shao	PROPN
gujaf-376	315	2	,	,	PUNCT
gujaf-376	315	3	l.	l.	PROPN
gujaf-376	315	4	(	(	PUNCT
gujaf-376	315	5	2019	2019	NUM
gujaf-376	315	6	)	)	PUNCT
gujaf-376	315	7	.	.	PUNCT
gujaf-376	316	1	managerial	managerial	ADJ
gujaf-376	316	2	ownership	ownership	NOUN
gujaf-376	316	3	and	and	CCONJ
gujaf-376	316	4	financial	financial	ADJ
gujaf-376	316	5	performance	performance	NOUN
gujaf-376	316	6	of	of	ADP
gujaf-376	316	7	the	the	DET
gujaf-376	316	8	nigerian	nigerian	ADJ
gujaf-376	316	9	listed	list	VERB
gujaf-376	316	10	firms	firm	NOUN
gujaf-376	316	11	:	:	PUNCT
gujaf-376	316	12	the	the	DET
gujaf-376	316	13	moderating	moderate	VERB
gujaf-376	316	14	role	role	NOUN
gujaf-376	316	15	of	of	ADP
gujaf-376	316	16	board	board	NOUN
gujaf-376	316	17	independence	independence	NOUN
gujaf-376	316	18	.	.	PUNCT
gujaf-376	317	1	international	international	ADJ
gujaf-376	317	2	journal	journal	PROPN
gujaf-376	317	3	of	of	ADP
gujaf-376	317	4	academic	academic	ADJ
gujaf-376	317	5	research	research	NOUN
gujaf-376	317	6	in	in	ADP
gujaf-376	317	7	accounting	accounting	NOUN
gujaf-376	317	8	,	,	PUNCT
gujaf-376	317	9	finance	finance	NOUN
gujaf-376	317	10	and	and	CCONJ
gujaf-376	317	11	management	management	NOUN
gujaf-376	317	12	sciences	science	NOUN
gujaf-376	317	13	,	,	PUNCT
gujaf-376	317	14	10(3	10(3	NUM
gujaf-376	317	15	)	)	PUNCT
gujaf-376	317	16	,	,	PUNCT
gujaf-376	317	17	64–73	64–73	NUM
gujaf-376	317	18	.	.	PUNCT
gujaf-376	318	1	sumarno	sumarno	PROPN
gujaf-376	318	2	,	,	PUNCT
gujaf-376	318	3	r.	r.	PROPN
gujaf-376	318	4	a.	a.	PROPN
gujaf-376	318	5	,	,	PUNCT
gujaf-376	318	6	&	&	CCONJ
gujaf-376	318	7	setiawan	setiawan	PROPN
gujaf-376	318	8	,	,	PUNCT
gujaf-376	318	9	d.	d.	PROPN
gujaf-376	318	10	(	(	PUNCT
gujaf-376	318	11	2023	2023	NUM
gujaf-376	318	12	)	)	PUNCT
gujaf-376	318	13	.	.	PUNCT
gujaf-376	319	1	the	the	DET
gujaf-376	319	2	effect	effect	NOUN
gujaf-376	319	3	of	of	ADP
gujaf-376	319	4	capital	capital	NOUN
gujaf-376	319	5	structure	structure	NOUN
gujaf-376	319	6	,	,	PUNCT
gujaf-376	319	7	dividend	dividend	NOUN
gujaf-376	319	8	policy	policy	NOUN
gujaf-376	319	9	,	,	PUNCT
gujaf-376	319	10	and	and	CCONJ
gujaf-376	319	11	foreign	foreign	ADJ
gujaf-376	319	12	ownership	ownership	NOUN
gujaf-376	319	13	on	on	ADP
gujaf-376	319	14	firm	firm	ADJ
gujaf-376	319	15	value	value	NOUN
gujaf-376	319	16	.	.	PUNCT
gujaf-376	320	1	journal	journal	PROPN
gujaf-376	320	2	of	of	ADP
gujaf-376	320	3	economics	economic	NOUN
gujaf-376	320	4	,	,	PUNCT
gujaf-376	320	5	finance	finance	NOUN
gujaf-376	320	6	and	and	CCONJ
gujaf-376	320	7	management	management	NOUN
gujaf-376	320	8	studies	study	NOUN
gujaf-376	320	9	,	,	PUNCT
gujaf-376	320	10	06(09	06(09	PROPN
gujaf-376	320	11	)	)	PUNCT
gujaf-376	320	12	.	.	PUNCT
gujaf-376	321	1	https://doi.org/10.47191/jefms/v6-i9-06	https://doi.org/10.47191/jefms/v6-i9-06	NOUN
gujaf-376	321	2	.	.	PUNCT
gujaf-376	322	1	suriawinata	suriawinata	PROPN
gujaf-376	322	2	,	,	PUNCT
gujaf-376	322	3	i.	i.	PROPN
gujaf-376	322	4	s.	s.	PROPN
gujaf-376	322	5	,	,	PUNCT
gujaf-376	322	6	&	&	CCONJ
gujaf-376	322	7	nurmalita	nurmalita	PROPN
gujaf-376	322	8	,	,	PUNCT
gujaf-376	322	9	d.	d.	PROPN
gujaf-376	322	10	m.	m.	PROPN
gujaf-376	322	11	(	(	PUNCT
gujaf-376	322	12	2022	2022	NUM
gujaf-376	322	13	)	)	PUNCT
gujaf-376	322	14	.	.	PUNCT
gujaf-376	323	1	ownership	ownership	NOUN
gujaf-376	323	2	structure	structure	NOUN
gujaf-376	323	3	,	,	PUNCT
gujaf-376	323	4	firm	firm	ADJ
gujaf-376	323	5	value	value	NOUN
gujaf-376	323	6	and	and	CCONJ
gujaf-376	323	7	the	the	DET
gujaf-376	323	8	moderating	moderate	VERB
gujaf-376	323	9	effects	effect	NOUN
gujaf-376	323	10	of	of	ADP
gujaf-376	323	11	firm	firm	ADJ
gujaf-376	323	12	size	size	NOUN
gujaf-376	323	13	:	:	PUNCT
gujaf-376	323	14	empirical	empirical	ADJ
gujaf-376	323	15	evidence	evidence	NOUN
gujaf-376	323	16	from	from	ADP
gujaf-376	323	17	indonesian	indonesian	ADJ
gujaf-376	323	18	consumer	consumer	NOUN
gujaf-376	323	19	goods	good	NOUN
gujaf-376	323	20	industry	industry	NOUN
gujaf-376	323	21	.	.	PUNCT
gujaf-376	324	1	jurnal	jurnal	ADJ
gujaf-376	324	2	manajemen	manajeman	NOUN
gujaf-376	324	3	dan	dan	PROPN
gujaf-376	324	4	kewirausahaan	kewirausahaan	PROPN
gujaf-376	324	5	,	,	PUNCT
gujaf-376	324	6	24(1	24(1	NUM
gujaf-376	324	7	)	)	PUNCT
gujaf-376	324	8	,	,	PUNCT
gujaf-376	324	9	91–104	91–104	PROPN
gujaf-376	324	10	.	.	PUNCT
gujaf-376	325	1	https://doi.org/10.9744/jmk.24.1.91-104	https://doi.org/10.9744/jmk.24.1.91-104	PROPN
gujaf-376	325	2	.	.	PUNCT
gujaf-376	326	1	suzan	suzan	PROPN
gujaf-376	326	2	,	,	PUNCT
gujaf-376	326	3	l.	l.	PROPN
gujaf-376	326	4	,	,	PUNCT
gujaf-376	326	5	&	&	CCONJ
gujaf-376	326	6	utari	utari	NOUN
gujaf-376	326	7	,	,	PUNCT
gujaf-376	326	8	a.	a.	PROPN
gujaf-376	326	9	r.	r.	PROPN
gujaf-376	326	10	(	(	PUNCT
gujaf-376	326	11	2022	2022	NUM
gujaf-376	326	12	)	)	PUNCT
gujaf-376	326	13	.	.	PUNCT
gujaf-376	327	1	effect	effect	NOUN
gujaf-376	327	2	of	of	ADP
gujaf-376	327	3	capital	capital	NOUN
gujaf-376	327	4	structure	structure	NOUN
gujaf-376	327	5	,	,	PUNCT
gujaf-376	327	6	managerial	managerial	ADJ
gujaf-376	327	7	ownership	ownership	NOUN
gujaf-376	327	8	,	,	PUNCT
gujaf-376	327	9	and	and	CCONJ
gujaf-376	327	10	intellectual	intellectual	ADJ
gujaf-376	327	11	capital	capital	NOUN
gujaf-376	327	12	on	on	ADP
gujaf-376	327	13	firm	firm	ADJ
gujaf-376	327	14	value	value	NOUN
gujaf-376	327	15	:	:	PUNCT
gujaf-376	327	16	study	study	NOUN
gujaf-376	327	17	on	on	ADP
gujaf-376	327	18	banking	banking	NOUN
gujaf-376	327	19	companies	company	NOUN
gujaf-376	327	20	listed	list	VERB
gujaf-376	327	21	on	on	ADP
gujaf-376	327	22	the	the	DET
gujaf-376	327	23	indonesia	indonesia	PROPN
gujaf-376	327	24	stock	stock	PROPN
gujaf-376	327	25	exchange	exchange	PROPN
gujaf-376	327	26	for	for	ADP
gujaf-376	327	27	the	the	DET
gujaf-376	327	28	period	period	NOUN
gujaf-376	327	29	2017	2017	NUM
gujaf-376	327	30	-	-	SYM
gujaf-376	327	31	2020	2020	NUM
gujaf-376	327	32	(	(	PUNCT
gujaf-376	327	33	vol	vol	NOUN
gujaf-376	327	34	.	.	PROPN
gujaf-376	327	35	12	12	NUM
gujaf-376	327	36	,	,	PUNCT
gujaf-376	327	37	issue	issue	NOUN
gujaf-376	327	38	2	2	NUM
gujaf-376	327	39	)	)	PUNCT
gujaf-376	327	40	.	.	PUNCT
gujaf-376	328	1	thompson	thompson	PROPN
gujaf-376	328	2	,	,	PUNCT
gujaf-376	328	3	r.	r.	PROPN
gujaf-376	328	4	,	,	PUNCT
gujaf-376	328	5	&	&	CCONJ
gujaf-376	328	6	weisbach	weisbach	PROPN
gujaf-376	328	7	,	,	PUNCT
gujaf-376	328	8	d.	d.	PROPN
gujaf-376	328	9	a.	a.	PROPN
gujaf-376	328	10	(	(	PUNCT
gujaf-376	328	11	2012	2012	NUM
gujaf-376	328	12	)	)	PUNCT
gujaf-376	328	13	.	.	PUNCT
gujaf-376	329	1	chicago	chicago	PROPN
gujaf-376	329	2	unbound	unbound	PROPN
gujaf-376	329	3	chicago	chicago	PROPN
gujaf-376	329	4	unbound	unbound	PROPN
gujaf-376	329	5	attributes	attribute	NOUN
gujaf-376	329	6	of	of	ADP
gujaf-376	329	7	ownership	ownership	NOUN
gujaf-376	329	8	attributes	attribute	NOUN
gujaf-376	329	9	of	of	ADP
gujaf-376	329	10	ownership	ownership	NOUN
gujaf-376	329	11	.	.	PUNCT
gujaf-376	330	1	https://chicagounbound.uchicago.edu/law_and_economics	https://chicagounbound.uchicago.edu/law_and_economic	NOUN
gujaf-376	330	2	.	.	PUNCT
gujaf-376	331	1	uche	uche	PROPN
gujaf-376	331	2	,	,	PUNCT
gujaf-376	331	3	p.	p.	PROPN
gujaf-376	331	4	,	,	PUNCT
gujaf-376	331	5	&	&	CCONJ
gujaf-376	331	6	okonenwa	okonenwa	PROPN
gujaf-376	331	7	,	,	PUNCT
gujaf-376	331	8	o.	o.	NOUN
gujaf-376	331	9	(	(	PUNCT
gujaf-376	331	10	2021	2021	NUM
gujaf-376	331	11	)	)	PUNCT
gujaf-376	331	12	.	.	PUNCT
gujaf-376	332	1	the	the	DET
gujaf-376	332	2	effect	effect	NOUN
gujaf-376	332	3	of	of	ADP
gujaf-376	332	4	ownership	ownership	NOUN
gujaf-376	332	5	structure	structure	NOUN
gujaf-376	332	6	on	on	ADP
gujaf-376	332	7	firm	firm	ADJ
gujaf-376	332	8	value	value	NOUN
gujaf-376	332	9	of	of	ADP
gujaf-376	332	10	listed	list	VERB
gujaf-376	332	11	oil	oil	NOUN
gujaf-376	332	12	and	and	CCONJ
gujaf-376	332	13	gas	gas	NOUN
gujaf-376	332	14	firms	firm	NOUN
gujaf-376	332	15	in	in	ADP
gujaf-376	332	16	nigeria	nigeria	PROPN
gujaf-376	332	17	.	.	PUNCT
gujaf-376	333	1	international	international	ADJ
gujaf-376	333	2	journal	journal	PROPN
gujaf-376	333	3	of	of	ADP
gujaf-376	333	4	advances	advance	NOUN
gujaf-376	333	5	in	in	ADP
gujaf-376	333	6	engineering	engineering	NOUN
gujaf-376	333	7	and	and	CCONJ
gujaf-376	333	8	management	management	NOUN
gujaf-376	333	9	(	(	PUNCT
gujaf-376	333	10	ijaem	ijaem	NOUN
gujaf-376	333	11	)	)	PUNCT
gujaf-376	333	12	,	,	PUNCT
gujaf-376	333	13	3	3	NUM
gujaf-376	333	14	,	,	PUNCT
gujaf-376	333	15	3269	3269	NUM
gujaf-376	333	16	.	.	PUNCT
gujaf-376	334	1	https://doi.org/10.35629/5252-030732693284	https://doi.org/10.35629/5252-030732693284	PROPN
gujaf-376	334	2	wilms	wilm	NOUN
gujaf-376	334	3	,	,	PUNCT
gujaf-376	334	4	l.	l.	PROPN
gujaf-376	334	5	(	(	PUNCT
gujaf-376	334	6	2024	2024	NUM
gujaf-376	334	7	)	)	PUNCT
gujaf-376	334	8	.	.	PUNCT
gujaf-376	335	1	what	what	PRON
gujaf-376	335	2	ownership	ownership	NOUN
gujaf-376	335	3	in	in	ADP
gujaf-376	335	4	the	the	DET
gujaf-376	335	5	workplace	workplace	NOUN
gujaf-376	335	6	means	mean	VERB
gujaf-376	335	7	to	to	ADP
gujaf-376	335	8	me	i	PRON
gujaf-376	335	9	.	.	PUNCT
gujaf-376	336	1	https://infotrust.com/articles/what-ownership-in-the-workplace-means-to-me/.	https://infotrust.com/articles/what-ownership-in-the-workplace-means-to-me/.	PROPN
gujaf-376	336	2	yaghoobi	yaghoobi	PROPN
gujaf-376	336	3	,	,	PUNCT
gujaf-376	336	4	a.	a.	NOUN
gujaf-376	336	5	,	,	PUNCT
gujaf-376	336	6	&	&	CCONJ
gujaf-376	336	7	khansalar	khansalar	PROPN
gujaf-376	336	8	,	,	PUNCT
gujaf-376	336	9	e.	e.	PROPN
gujaf-376	336	10	(	(	PUNCT
gujaf-376	336	11	2022	2022	NUM
gujaf-376	336	12	)	)	PUNCT
gujaf-376	336	13	.	.	PUNCT
gujaf-376	337	1	impact	impact	NOUN
gujaf-376	337	2	of	of	ADP
gujaf-376	337	3	ownership	ownership	NOUN
gujaf-376	337	4	structure	structure	NOUN
gujaf-376	337	5	on	on	ADP
gujaf-376	337	6	financial	financial	ADJ
gujaf-376	337	7	reporting	reporting	NOUN
gujaf-376	337	8	quality	quality	NOUN
gujaf-376	337	9	in	in	ADP
gujaf-376	337	10	nigerian	nigerian	ADJ
gujaf-376	337	11	non	non	ADJ
gujaf-376	337	12	-	-	ADJ
gujaf-376	337	13	financial	financial	ADJ
gujaf-376	337	14	firms	firm	NOUN
gujaf-376	337	15	:	:	PUNCT
gujaf-376	337	16	a	a	DET
gujaf-376	337	17	study	study	NOUN
gujaf-376	337	18	.	.	PUNCT
gujaf-376	338	1	international	international	ADJ
gujaf-376	338	2	research	research	PROPN
gujaf-376	338	3	journal	journal	PROPN
gujaf-376	338	4	of	of	ADP
gujaf-376	338	5	accounting	accounting	NOUN
gujaf-376	338	6	,	,	PUNCT
gujaf-376	338	7	finance	finance	NOUN
gujaf-376	338	8	and	and	CCONJ
gujaf-376	338	9	banking	banking	NOUN
gujaf-376	338	10	,	,	PUNCT
gujaf-376	338	11	13(7	13(7	NUM
gujaf-376	338	12	)	)	PUNCT
gujaf-376	338	13	,	,	PUNCT
gujaf-376	338	14	12–27	12–27	NUM
gujaf-376	338	15	.	.	PUNCT
gujaf-376	339	1	zeume	zeume	PROPN
gujaf-376	339	2	,	,	PUNCT
gujaf-376	339	3	s.	s.	PROPN
gujaf-376	339	4	(	(	PUNCT
gujaf-376	339	5	2017	2017	NUM
gujaf-376	339	6	)	)	PUNCT
gujaf-376	339	7	.	.	PUNCT
gujaf-376	340	1	bribes	bribe	NOUN
gujaf-376	340	2	and	and	CCONJ
gujaf-376	340	3	firm	firm	ADJ
gujaf-376	340	4	value	value	NOUN
gujaf-376	340	5	.	.	PUNCT
gujaf-376	341	1	the	the	DET
gujaf-376	341	2	review	review	NOUN
gujaf-376	341	3	of	of	ADP
gujaf-376	341	4	financial	financial	ADJ
gujaf-376	341	5	studies	study	NOUN
gujaf-376	341	6	,	,	PUNCT
gujaf-376	341	7	30(5	30(5	NUM
gujaf-376	341	8	)	)	PUNCT
gujaf-376	341	9	,	,	PUNCT
gujaf-376	341	10	1457	1457	NUM
gujaf-376	341	11	-	-	SYM
gujaf-376	341	12	1489	1489	NUM
gujaf-376	341	13	.	.	PUNCT