id	sid	tid	token	lemma	pos
gujaf-382	1	1	microsoft	microsoft	PROPN
gujaf-382	1	2	word	word	PROPN
gujaf-382	1	3	fk	fk	INTJ
gujaf-382	1	4	to	to	ADP
gujaf-382	1	5	mr	mr	PROPN
gujaf-382	1	6	hassan	hassan	PROPN
gujaf-382	1	7	6	6	NUM
gujaf-382	1	8	1	1	NUM
gujaf-382	1	9	gusau	gusau	ADJ
gujaf-382	1	10	journal	journal	NOUN
gujaf-382	1	11	of	of	ADP
gujaf-382	1	12	accounting	accounting	NOUN
gujaf-382	1	13	and	and	CCONJ
gujaf-382	1	14	finance	finance	NOUN
gujaf-382	1	15	,	,	PUNCT
gujaf-382	1	16	vol.6	vol.6	PROPN
gujaf-382	1	17	,	,	PUNCT
gujaf-382	1	18	issue	issue	NOUN
gujaf-382	1	19	1	1	NUM
gujaf-382	1	20	,	,	PUNCT
gujaf-382	1	21	april	april	PROPN
gujaf-382	1	22	,	,	PUNCT
gujaf-382	1	23	2025	2025	NUM
gujaf-382	1	24	241	241	NUM
gujaf-382	1	25	firm	firm	ADJ
gujaf-382	1	26	attributes	attribute	NOUN
gujaf-382	1	27	and	and	CCONJ
gujaf-382	1	28	stock	stock	NOUN
gujaf-382	1	29	price	price	NOUN
gujaf-382	1	30	of	of	ADP
gujaf-382	1	31	listed	list	VERB
gujaf-382	1	32	financial	financial	ADJ
gujaf-382	1	33	service	service	NOUN
gujaf-382	1	34	firms	firm	NOUN
gujaf-382	1	35	in	in	ADP
gujaf-382	1	36	nigeria	nigeria	PROPN
gujaf-382	1	37	dr	dr	PROPN
gujaf-382	1	38	.	.	PROPN
gujaf-382	1	39	ibrahim	ibrahim	PROPN
gujaf-382	1	40	lawal	lawal	PROPN
gujaf-382	1	41	,	,	PUNCT
gujaf-382	1	42	prof	prof	PROPN
gujaf-382	1	43	.	.	PUNCT
gujaf-382	2	1	joshua	joshua	PROPN
gujaf-382	2	2	okpanachi	okpanachi	PROPN
gujaf-382	2	3	,	,	PUNCT
gujaf-382	2	4	prof	prof	PROPN
gujaf-382	2	5	.	.	PUNCT
gujaf-382	3	1	agbi	agbi	PROPN
gujaf-382	3	2	eniola	eniola	PROPN
gujaf-382	3	3	samuel	samuel	PROPN
gujaf-382	3	4	,	,	PUNCT
gujaf-382	3	5	dr	dr	PROPN
gujaf-382	3	6	suleiman	suleiman	PROPN
gujaf-382	3	7	tauhid	tauhid	PROPN
gujaf-382	3	8	nigerian	nigerian	PROPN
gujaf-382	3	9	defence	defence	PROPN
gujaf-382	3	10	academy	academy	PROPN
gujaf-382	3	11	,	,	PUNCT
gujaf-382	3	12	kaduna	kaduna	PROPN
gujaf-382	3	13	,	,	PUNCT
gujaf-382	3	14	nigeria	nigeria	PROPN
gujaf-382	3	15	corresponding	correspond	VERB
gujaf-382	3	16	authors	author	NOUN
gujaf-382	3	17	'	'	PART
gujaf-382	3	18	email	email	NOUN
gujaf-382	3	19	:	:	PUNCT
gujaf-382	3	20	lawal6492@yahoo.co	lawal6492@yahoo.co	PROPN
gujaf-382	3	21	,	,	PUNCT
gujaf-382	3	22	okpasmg82@gmail.com	okpasmg82@gmail.com	X
gujaf-382	3	23	,	,	PUNCT
gujaf-382	3	24	samagbi@yahoo.com	samagbi@yahoo.com	PROPN
gujaf-382	3	25	,	,	PUNCT
gujaf-382	3	26	sastauhid@gmail.com	sastauhid@gmail.com	PROPN
gujaf-382	3	27	https://doi.org/10.57233/gujaf.v6i1.17	https://doi.org/10.57233/gujaf.v6i1.17	PROPN
gujaf-382	4	1	abstract	abstract	ADJ
gujaf-382	4	2	the	the	DET
gujaf-382	4	3	nigerian	nigerian	ADJ
gujaf-382	4	4	financial	financial	ADJ
gujaf-382	4	5	services	service	NOUN
gujaf-382	4	6	sector	sector	NOUN
gujaf-382	4	7	,	,	PUNCT
gujaf-382	4	8	a	a	DET
gujaf-382	4	9	critical	critical	ADJ
gujaf-382	4	10	component	component	NOUN
gujaf-382	4	11	of	of	ADP
gujaf-382	4	12	the	the	DET
gujaf-382	4	13	nation	nation	NOUN
gujaf-382	4	14	's	's	PART
gujaf-382	4	15	economy	economy	NOUN
gujaf-382	4	16	,	,	PUNCT
gujaf-382	4	17	faces	face	VERB
gujaf-382	4	18	challenges	challenge	NOUN
gujaf-382	4	19	in	in	ADP
gujaf-382	4	20	navigating	navigate	VERB
gujaf-382	4	21	the	the	DET
gujaf-382	4	22	intricate	intricate	ADJ
gujaf-382	4	23	interplay	interplay	NOUN
gujaf-382	4	24	between	between	ADP
gujaf-382	4	25	share	share	NOUN
gujaf-382	4	26	prices	price	NOUN
gujaf-382	4	27	,	,	PUNCT
gujaf-382	4	28	dividend	dividend	NOUN
gujaf-382	4	29	policies	policy	NOUN
gujaf-382	4	30	,	,	PUNCT
gujaf-382	4	31	and	and	CCONJ
gujaf-382	4	32	leverage	leverage	NOUN
gujaf-382	4	33	.	.	PUNCT
gujaf-382	5	1	despite	despite	SCONJ
gujaf-382	5	2	the	the	DET
gujaf-382	5	3	sector	sector	NOUN
gujaf-382	5	4	's	's	PART
gujaf-382	5	5	pivotal	pivotal	ADJ
gujaf-382	5	6	role	role	NOUN
gujaf-382	5	7	in	in	ADP
gujaf-382	5	8	mobilizing	mobilize	VERB
gujaf-382	5	9	long	long	ADJ
gujaf-382	5	10	-	-	PUNCT
gujaf-382	5	11	term	term	NOUN
gujaf-382	5	12	resources	resource	NOUN
gujaf-382	5	13	and	and	CCONJ
gujaf-382	5	14	sustaining	sustain	VERB
gujaf-382	5	15	investor	investor	NOUN
gujaf-382	5	16	confidence	confidence	NOUN
gujaf-382	5	17	,	,	PUNCT
gujaf-382	5	18	there	there	PRON
gujaf-382	5	19	exists	exist	VERB
gujaf-382	5	20	a	a	DET
gujaf-382	5	21	gap	gap	NOUN
gujaf-382	5	22	in	in	ADP
gujaf-382	5	23	understanding	understand	VERB
gujaf-382	5	24	how	how	SCONJ
gujaf-382	5	25	specific	specific	ADJ
gujaf-382	5	26	firm	firm	NOUN
gujaf-382	5	27	attributes	attribute	VERB
gujaf-382	5	28	,	,	PUNCT
gujaf-382	5	29	particularly	particularly	ADV
gujaf-382	5	30	dividend	dividend	NOUN
gujaf-382	5	31	policy	policy	NOUN
gujaf-382	5	32	and	and	CCONJ
gujaf-382	5	33	leverage	leverage	NOUN
gujaf-382	5	34	,	,	PUNCT
gujaf-382	5	35	influence	influence	NOUN
gujaf-382	5	36	share	share	NOUN
gujaf-382	5	37	prices	price	NOUN
gujaf-382	5	38	over	over	ADP
gujaf-382	5	39	an	an	DET
gujaf-382	5	40	extended	extended	ADJ
gujaf-382	5	41	period	period	NOUN
gujaf-382	5	42	.	.	PUNCT
gujaf-382	6	1	therefore	therefore	ADV
gujaf-382	6	2	,	,	PUNCT
gujaf-382	6	3	this	this	DET
gujaf-382	6	4	research	research	NOUN
gujaf-382	6	5	aims	aim	VERB
gujaf-382	6	6	to	to	PART
gujaf-382	6	7	address	address	VERB
gujaf-382	6	8	these	these	DET
gujaf-382	6	9	gaps	gap	NOUN
gujaf-382	6	10	by	by	ADP
gujaf-382	6	11	examining	examine	VERB
gujaf-382	6	12	the	the	DET
gujaf-382	6	13	intricate	intricate	ADJ
gujaf-382	6	14	relationships	relationship	NOUN
gujaf-382	6	15	between	between	ADP
gujaf-382	6	16	dividend	dividend	NOUN
gujaf-382	6	17	policy	policy	NOUN
gujaf-382	6	18	,	,	PUNCT
gujaf-382	6	19	leverage	leverage	NOUN
gujaf-382	6	20	,	,	PUNCT
gujaf-382	6	21	and	and	CCONJ
gujaf-382	6	22	share	share	NOUN
gujaf-382	6	23	prices	price	NOUN
gujaf-382	6	24	in	in	ADP
gujaf-382	6	25	nigerian	nigerian	ADJ
gujaf-382	6	26	financial	financial	ADJ
gujaf-382	6	27	service	service	NOUN
gujaf-382	6	28	firms	firm	NOUN
gujaf-382	6	29	over	over	ADP
gujaf-382	6	30	a	a	DET
gujaf-382	6	31	15	15	NUM
gujaf-382	6	32	-	-	PUNCT
gujaf-382	6	33	year	year	NOUN
gujaf-382	6	34	period	period	NOUN
gujaf-382	6	35	from	from	ADP
gujaf-382	6	36	2008	2008	NUM
gujaf-382	6	37	-	-	SYM
gujaf-382	6	38	2022	2022	NUM
gujaf-382	6	39	,	,	PUNCT
gujaf-382	6	40	employing	employ	VERB
gujaf-382	6	41	robust	robust	ADJ
gujaf-382	6	42	methodologies	methodology	NOUN
gujaf-382	6	43	for	for	ADP
gujaf-382	6	44	a	a	DET
gujaf-382	6	45	more	more	ADV
gujaf-382	6	46	comprehensive	comprehensive	ADJ
gujaf-382	6	47	and	and	CCONJ
gujaf-382	6	48	applicable	applicable	ADJ
gujaf-382	6	49	understanding	understanding	NOUN
gujaf-382	6	50	of	of	ADP
gujaf-382	6	51	the	the	DET
gujaf-382	6	52	challenges	challenge	NOUN
gujaf-382	6	53	and	and	CCONJ
gujaf-382	6	54	opportunities	opportunity	NOUN
gujaf-382	6	55	in	in	ADP
gujaf-382	6	56	the	the	DET
gujaf-382	6	57	sector	sector	NOUN
gujaf-382	6	58	.	.	PUNCT
gujaf-382	7	1	the	the	DET
gujaf-382	7	2	theoretical	theoretical	ADJ
gujaf-382	7	3	framework	framework	NOUN
gujaf-382	7	4	draws	draw	VERB
gujaf-382	7	5	on	on	ADP
gujaf-382	7	6	signaling	signal	VERB
gujaf-382	7	7	theory	theory	NOUN
gujaf-382	7	8	,	,	PUNCT
gujaf-382	7	9	providing	provide	VERB
gujaf-382	7	10	insights	insight	NOUN
gujaf-382	7	11	into	into	ADP
gujaf-382	7	12	the	the	DET
gujaf-382	7	13	complexities	complexity	NOUN
gujaf-382	7	14	of	of	ADP
gujaf-382	7	15	stock	stock	NOUN
gujaf-382	7	16	prices	price	NOUN
gujaf-382	7	17	and	and	CCONJ
gujaf-382	7	18	the	the	DET
gujaf-382	7	19	strategic	strategic	ADJ
gujaf-382	7	20	use	use	NOUN
gujaf-382	7	21	of	of	ADP
gujaf-382	7	22	signals	signal	NOUN
gujaf-382	7	23	by	by	ADP
gujaf-382	7	24	managers	manager	NOUN
gujaf-382	7	25	.	.	PUNCT
gujaf-382	8	1	the	the	DET
gujaf-382	8	2	study	study	NOUN
gujaf-382	8	3	's	's	PART
gujaf-382	8	4	employed	employ	VERB
gujaf-382	8	5	correlation	correlation	NOUN
gujaf-382	8	6	research	research	NOUN
gujaf-382	8	7	design	design	NOUN
gujaf-382	8	8	,	,	PUNCT
gujaf-382	8	9	multiple	multiple	ADJ
gujaf-382	8	10	regressions	regression	NOUN
gujaf-382	8	11	on	on	ADP
gujaf-382	8	12	panel	panel	NOUN
gujaf-382	8	13	data	datum	NOUN
gujaf-382	8	14	,	,	PUNCT
gujaf-382	8	15	and	and	CCONJ
gujaf-382	8	16	robustness	robustness	NOUN
gujaf-382	8	17	tests	test	NOUN
gujaf-382	8	18	to	to	PART
gujaf-382	8	19	ensure	ensure	VERB
gujaf-382	8	20	the	the	DET
gujaf-382	8	21	validity	validity	NOUN
gujaf-382	8	22	and	and	CCONJ
gujaf-382	8	23	reliability	reliability	NOUN
gujaf-382	8	24	of	of	ADP
gujaf-382	8	25	the	the	DET
gujaf-382	8	26	statistical	statistical	ADJ
gujaf-382	8	27	inference	inference	NOUN
gujaf-382	8	28	.	.	PUNCT
gujaf-382	9	1	the	the	DET
gujaf-382	9	2	findings	finding	NOUN
gujaf-382	9	3	reveal	reveal	VERB
gujaf-382	9	4	a	a	DET
gujaf-382	9	5	significant	significant	ADJ
gujaf-382	9	6	inverse	inverse	NOUN
gujaf-382	9	7	relationship	relationship	NOUN
gujaf-382	9	8	between	between	ADP
gujaf-382	9	9	share	share	NOUN
gujaf-382	9	10	prices	price	NOUN
gujaf-382	9	11	and	and	CCONJ
gujaf-382	9	12	leverage	leverage	NOUN
gujaf-382	9	13	,	,	PUNCT
gujaf-382	9	14	emphasizing	emphasize	VERB
gujaf-382	9	15	the	the	DET
gujaf-382	9	16	importance	importance	NOUN
gujaf-382	9	17	of	of	ADP
gujaf-382	9	18	prudent	prudent	ADJ
gujaf-382	9	19	debt	debt	NOUN
gujaf-382	9	20	structure	structure	NOUN
gujaf-382	9	21	management	management	NOUN
gujaf-382	9	22	for	for	ADP
gujaf-382	9	23	investor	investor	NOUN
gujaf-382	9	24	confidence	confidence	NOUN
gujaf-382	9	25	.	.	PUNCT
gujaf-382	10	1	conversely	conversely	ADV
gujaf-382	10	2	,	,	PUNCT
gujaf-382	10	3	a	a	DET
gujaf-382	10	4	significant	significant	ADJ
gujaf-382	10	5	and	and	CCONJ
gujaf-382	10	6	positive	positive	ADJ
gujaf-382	10	7	correlation	correlation	NOUN
gujaf-382	10	8	is	be	AUX
gujaf-382	10	9	observed	observe	VERB
gujaf-382	10	10	between	between	ADP
gujaf-382	10	11	share	share	NOUN
gujaf-382	10	12	prices	price	NOUN
gujaf-382	10	13	and	and	CCONJ
gujaf-382	10	14	dividend	dividend	NOUN
gujaf-382	10	15	policy	policy	NOUN
gujaf-382	10	16	,	,	PUNCT
gujaf-382	10	17	underscoring	underscore	VERB
gujaf-382	10	18	the	the	DET
gujaf-382	10	19	potential	potential	ADJ
gujaf-382	10	20	value	value	NOUN
gujaf-382	10	21	enhancement	enhancement	NOUN
gujaf-382	10	22	through	through	ADP
gujaf-382	10	23	a	a	DET
gujaf-382	10	24	robust	robust	ADJ
gujaf-382	10	25	dividend	dividend	NOUN
gujaf-382	10	26	distribution	distribution	NOUN
gujaf-382	10	27	plan	plan	NOUN
gujaf-382	10	28	.	.	PUNCT
gujaf-382	11	1	based	base	VERB
gujaf-382	11	2	on	on	ADP
gujaf-382	11	3	the	the	DET
gujaf-382	11	4	findings	finding	NOUN
gujaf-382	11	5	,	,	PUNCT
gujaf-382	11	6	the	the	DET
gujaf-382	11	7	study	study	NOUN
gujaf-382	11	8	recommended	recommend	VERB
gujaf-382	11	9	that	that	SCONJ
gujaf-382	11	10	,	,	PUNCT
gujaf-382	11	11	management	management	NOUN
gujaf-382	11	12	should	should	AUX
gujaf-382	11	13	highlight	highlight	VERB
gujaf-382	11	14	the	the	DET
gujaf-382	11	15	need	need	NOUN
gujaf-382	11	16	for	for	SCONJ
gujaf-382	11	17	financial	financial	ADJ
gujaf-382	11	18	institutions	institution	NOUN
gujaf-382	11	19	to	to	PART
gujaf-382	11	20	strike	strike	VERB
gujaf-382	11	21	a	a	DET
gujaf-382	11	22	balance	balance	NOUN
gujaf-382	11	23	between	between	ADP
gujaf-382	11	24	meeting	meet	VERB
gujaf-382	11	25	obligations	obligation	NOUN
gujaf-382	11	26	and	and	CCONJ
gujaf-382	11	27	minimizing	minimize	VERB
gujaf-382	11	28	risk	risk	NOUN
gujaf-382	11	29	exposure	exposure	NOUN
gujaf-382	11	30	.	.	PUNCT
gujaf-382	12	1	transparent	transparent	ADJ
gujaf-382	12	2	communication	communication	NOUN
gujaf-382	12	3	,	,	PUNCT
gujaf-382	12	4	optimal	optimal	ADJ
gujaf-382	12	5	debt	debt	NOUN
gujaf-382	12	6	management	management	NOUN
gujaf-382	12	7	,	,	PUNCT
gujaf-382	12	8	and	and	CCONJ
gujaf-382	12	9	cultivating	cultivate	VERB
gujaf-382	12	10	strong	strong	ADJ
gujaf-382	12	11	dividend	dividend	NOUN
gujaf-382	12	12	policies	policy	NOUN
gujaf-382	12	13	are	be	AUX
gujaf-382	12	14	crucial	crucial	ADJ
gujaf-382	12	15	.	.	PUNCT
gujaf-382	13	1	policymakers	policymaker	NOUN
gujaf-382	13	2	and	and	CCONJ
gujaf-382	13	3	regulators	regulator	NOUN
gujaf-382	13	4	should	should	AUX
gujaf-382	13	5	consider	consider	VERB
gujaf-382	13	6	these	these	DET
gujaf-382	13	7	findings	finding	NOUN
gujaf-382	13	8	to	to	PART
gujaf-382	13	9	create	create	VERB
gujaf-382	13	10	a	a	DET
gujaf-382	13	11	more	more	ADV
gujaf-382	13	12	robust	robust	ADJ
gujaf-382	13	13	and	and	CCONJ
gujaf-382	13	14	investor	investor	NOUN
gujaf-382	13	15	-	-	PUNCT
gujaf-382	13	16	friendly	friendly	ADJ
gujaf-382	13	17	financial	financial	ADJ
gujaf-382	13	18	environment	environment	NOUN
gujaf-382	13	19	in	in	ADP
gujaf-382	13	20	nigeria	nigeria	PROPN
gujaf-382	13	21	.	.	PUNCT
gujaf-382	14	1	keyword	keyword	NOUN
gujaf-382	14	2	:	:	PUNCT
gujaf-382	14	3	firm	firm	NOUN
gujaf-382	14	4	attributes	attribute	NOUN
gujaf-382	14	5	,	,	PUNCT
gujaf-382	14	6	stock	stock	NOUN
gujaf-382	14	7	price	price	NOUN
gujaf-382	14	8	,	,	PUNCT
gujaf-382	14	9	financial	financial	ADJ
gujaf-382	14	10	service	service	NOUN
gujaf-382	14	11	firms	firm	NOUN
gujaf-382	14	12	in	in	ADP
gujaf-382	14	13	nigeria	nigeria	PROPN
gujaf-382	14	14	.	.	PUNCT
gujaf-382	15	1	1.0	1.0	NUM
gujaf-382	15	2	introduction	introduction	NOUN
gujaf-382	15	3	the	the	DET
gujaf-382	15	4	issuance	issuance	NOUN
gujaf-382	15	5	of	of	ADP
gujaf-382	15	6	stocks	stock	NOUN
gujaf-382	15	7	by	by	ADP
gujaf-382	15	8	corporations	corporation	NOUN
gujaf-382	15	9	is	be	AUX
gujaf-382	15	10	a	a	DET
gujaf-382	15	11	pivotal	pivotal	ADJ
gujaf-382	15	12	means	mean	NOUN
gujaf-382	15	13	of	of	ADP
gujaf-382	15	14	financing	financing	NOUN
gujaf-382	15	15	for	for	ADP
gujaf-382	15	16	publicly	publicly	ADV
gujaf-382	15	17	traded	trade	VERB
gujaf-382	15	18	companies	company	NOUN
gujaf-382	15	19	,	,	PUNCT
gujaf-382	15	20	requiring	require	VERB
gujaf-382	15	21	a	a	DET
gujaf-382	15	22	robust	robust	ADJ
gujaf-382	15	23	performance	performance	NOUN
gujaf-382	15	24	history	history	NOUN
gujaf-382	15	25	in	in	ADP
gujaf-382	15	26	the	the	DET
gujaf-382	15	27	capital	capital	NOUN
gujaf-382	15	28	market	market	NOUN
gujaf-382	15	29	for	for	ADP
gujaf-382	15	30	favorable	favorable	ADJ
gujaf-382	15	31	outcomes	outcome	NOUN
gujaf-382	15	32	.	.	PUNCT
gujaf-382	16	1	capital	capital	NOUN
gujaf-382	16	2	markets	market	NOUN
gujaf-382	16	3	,	,	PUNCT
gujaf-382	16	4	with	with	ADP
gujaf-382	16	5	their	their	PRON
gujaf-382	16	6	global	global	ADJ
gujaf-382	16	7	impact	impact	NOUN
gujaf-382	16	8	,	,	PUNCT
gujaf-382	16	9	play	play	VERB
gujaf-382	16	10	a	a	DET
gujaf-382	16	11	crucial	crucial	ADJ
gujaf-382	16	12	role	role	NOUN
gujaf-382	16	13	in	in	ADP
gujaf-382	16	14	mobilizing	mobilize	VERB
gujaf-382	16	15	long	long	ADJ
gujaf-382	16	16	-	-	PUNCT
gujaf-382	16	17	term	term	NOUN
gujaf-382	16	18	resources	resource	NOUN
gujaf-382	16	19	for	for	ADP
gujaf-382	16	20	productive	productive	ADJ
gujaf-382	16	21	investments	investment	NOUN
gujaf-382	16	22	(	(	PUNCT
gujaf-382	16	23	juhmani	juhmani	NOUN
gujaf-382	16	24	,	,	PUNCT
gujaf-382	16	25	2017	2017	NUM
gujaf-382	16	26	)	)	PUNCT
gujaf-382	16	27	.	.	PUNCT
gujaf-382	17	1	the	the	DET
gujaf-382	17	2	nigerian	nigerian	ADJ
gujaf-382	17	3	stock	stock	NOUN
gujaf-382	17	4	market	market	NOUN
gujaf-382	17	5	has	have	AUX
gujaf-382	17	6	undergone	undergo	VERB
gujaf-382	17	7	scrutiny	scrutiny	NOUN
gujaf-382	17	8	in	in	ADP
gujaf-382	17	9	the	the	DET
gujaf-382	17	10	past	past	ADJ
gujaf-382	17	11	decade	decade	NOUN
gujaf-382	17	12	,	,	PUNCT
gujaf-382	17	13	witnessing	witness	VERB
gujaf-382	17	14	a	a	DET
gujaf-382	17	15	decline	decline	NOUN
gujaf-382	17	16	in	in	ADP
gujaf-382	17	17	market	market	NOUN
gujaf-382	17	18	capitalization	capitalization	NOUN
gujaf-382	17	19	from	from	ADP
gujaf-382	17	20	n12.95	n12.95	NOUN
gujaf-382	17	21	billion	billion	NUM
gujaf-382	17	22	in	in	ADP
gujaf-382	17	23	2012	2012	NUM
gujaf-382	17	24	to	to	ADP
gujaf-382	17	25	an	an	DET
gujaf-382	17	26	average	average	NOUN
gujaf-382	17	27	of	of	ADP
gujaf-382	17	28	n8.974	n8.974	PROPN
gujaf-382	17	29	billion	billion	NUM
gujaf-382	17	30	in	in	ADP
gujaf-382	17	31	2019	2019	NUM
gujaf-382	17	32	,	,	PUNCT
gujaf-382	17	33	indicating	indicate	VERB
gujaf-382	17	34	a	a	DET
gujaf-382	17	35	3.98	3.98	NUM
gujaf-382	17	36	percent	percent	NOUN
gujaf-382	17	37	decrease	decrease	NOUN
gujaf-382	17	38	(	(	PUNCT
gujaf-382	17	39	tribune	tribune	NOUN
gujaf-382	17	40	,	,	PUNCT
gujaf-382	17	41	2022	2022	NUM
gujaf-382	17	42	)	)	PUNCT
gujaf-382	17	43	.	.	PUNCT
gujaf-382	18	1	the	the	DET
gujaf-382	18	2	gusau	gusau	ADJ
gujaf-382	18	3	journal	journal	NOUN
gujaf-382	18	4	of	of	ADP
gujaf-382	18	5	accounting	accounting	NOUN
gujaf-382	18	6	and	and	CCONJ
gujaf-382	18	7	finance	finance	NOUN
gujaf-382	18	8	,	,	PUNCT
gujaf-382	18	9	vol.6	vol.6	PROPN
gujaf-382	18	10	,	,	PUNCT
gujaf-382	18	11	issue	issue	NOUN
gujaf-382	18	12	1	1	NUM
gujaf-382	18	13	,	,	PUNCT
gujaf-382	18	14	april	april	PROPN
gujaf-382	18	15	,	,	PUNCT
gujaf-382	18	16	2025	2025	NUM
gujaf-382	18	17	242	242	NUM
gujaf-382	18	18	all	all	DET
gujaf-382	18	19	-	-	PUNCT
gujaf-382	18	20	share	share	NOUN
gujaf-382	18	21	index	index	NOUN
gujaf-382	18	22	experienced	experience	VERB
gujaf-382	18	23	a	a	DET
gujaf-382	18	24	significant	significant	ADJ
gujaf-382	18	25	drop	drop	NOUN
gujaf-382	18	26	of	of	ADP
gujaf-382	18	27	2.48	2.48	NUM
gujaf-382	18	28	%	%	NOUN
gujaf-382	18	29	from	from	ADP
gujaf-382	18	30	2012	2012	NUM
gujaf-382	18	31	to	to	ADP
gujaf-382	18	32	2019	2019	NUM
gujaf-382	18	33	,	,	PUNCT
gujaf-382	18	34	declining	decline	VERB
gujaf-382	18	35	from	from	ADP
gujaf-382	18	36	28.078	28.078	NUM
gujaf-382	18	37	billion	billion	NUM
gujaf-382	18	38	to	to	ADP
gujaf-382	18	39	26.847	26.847	NUM
gujaf-382	18	40	billion	billion	NUM
gujaf-382	18	41	.	.	PUNCT
gujaf-382	19	1	global	global	ADJ
gujaf-382	19	2	financial	financial	ADJ
gujaf-382	19	3	markets	market	NOUN
gujaf-382	19	4	are	be	AUX
gujaf-382	19	5	instrumental	instrumental	ADJ
gujaf-382	19	6	in	in	ADP
gujaf-382	19	7	mobilizing	mobilize	VERB
gujaf-382	19	8	resources	resource	NOUN
gujaf-382	19	9	for	for	ADP
gujaf-382	19	10	profitable	profitable	ADJ
gujaf-382	19	11	projects	project	NOUN
gujaf-382	19	12	(	(	PUNCT
gujaf-382	19	13	musa	musa	PROPN
gujaf-382	19	14	et	et	PROPN
gujaf-382	19	15	al	al	PROPN
gujaf-382	19	16	.	.	PROPN
gujaf-382	19	17	,	,	PUNCT
gujaf-382	19	18	2020	2020	NUM
gujaf-382	19	19	)	)	PUNCT
gujaf-382	19	20	,	,	PUNCT
gujaf-382	19	21	and	and	CCONJ
gujaf-382	19	22	stock	stock	NOUN
gujaf-382	19	23	prices	price	NOUN
gujaf-382	19	24	,	,	PUNCT
gujaf-382	19	25	as	as	SCONJ
gujaf-382	19	26	noted	note	VERB
gujaf-382	19	27	by	by	ADP
gujaf-382	19	28	cheng	cheng	PROPN
gujaf-382	19	29	et	et	PROPN
gujaf-382	19	30	al	al	PROPN
gujaf-382	19	31	.	.	PROPN
gujaf-382	20	1	(	(	PUNCT
gujaf-382	20	2	2019	2019	NUM
gujaf-382	20	3	)	)	PUNCT
gujaf-382	20	4	,	,	PUNCT
gujaf-382	20	5	impact	impact	NOUN
gujaf-382	20	6	management	management	NOUN
gujaf-382	20	7	performance	performance	NOUN
gujaf-382	20	8	and	and	CCONJ
gujaf-382	20	9	serve	serve	VERB
gujaf-382	20	10	as	as	ADP
gujaf-382	20	11	indicators	indicator	NOUN
gujaf-382	20	12	of	of	ADP
gujaf-382	20	13	a	a	DET
gujaf-382	20	14	company	company	NOUN
gujaf-382	20	15	's	's	PART
gujaf-382	20	16	success	success	NOUN
gujaf-382	20	17	.	.	PUNCT
gujaf-382	21	1	efforts	effort	NOUN
gujaf-382	21	2	spanning	span	VERB
gujaf-382	21	3	decades	decade	NOUN
gujaf-382	21	4	,	,	PUNCT
gujaf-382	21	5	dating	date	VERB
gujaf-382	21	6	back	back	ADV
gujaf-382	21	7	to	to	ADP
gujaf-382	21	8	collins	collins	PROPN
gujaf-382	21	9	's	's	PART
gujaf-382	21	10	(	(	PUNCT
gujaf-382	21	11	1957	1957	NUM
gujaf-382	21	12	)	)	PUNCT
gujaf-382	21	13	groundbreaking	groundbreake	VERB
gujaf-382	21	14	research	research	NOUN
gujaf-382	21	15	,	,	PUNCT
gujaf-382	21	16	have	have	AUX
gujaf-382	21	17	delved	delve	VERB
gujaf-382	21	18	into	into	ADP
gujaf-382	21	19	comprehensively	comprehensively	ADV
gujaf-382	21	20	scrutinizing	scrutinize	VERB
gujaf-382	21	21	the	the	DET
gujaf-382	21	22	diverse	diverse	ADJ
gujaf-382	21	23	determinants	determinant	NOUN
gujaf-382	21	24	shaping	shape	VERB
gujaf-382	21	25	share	share	NOUN
gujaf-382	21	26	prices	price	NOUN
gujaf-382	21	27	in	in	ADP
gujaf-382	21	28	various	various	ADJ
gujaf-382	21	29	markets	market	NOUN
gujaf-382	21	30	.	.	PUNCT
gujaf-382	22	1	despite	despite	SCONJ
gujaf-382	22	2	diligent	diligent	ADJ
gujaf-382	22	3	empirical	empirical	ADJ
gujaf-382	22	4	research	research	NOUN
gujaf-382	22	5	,	,	PUNCT
gujaf-382	22	6	a	a	DET
gujaf-382	22	7	unanimous	unanimous	ADJ
gujaf-382	22	8	consensus	consensus	NOUN
gujaf-382	22	9	within	within	ADP
gujaf-382	22	10	the	the	DET
gujaf-382	22	11	literature	literature	NOUN
gujaf-382	22	12	regarding	regard	VERB
gujaf-382	22	13	the	the	DET
gujaf-382	22	14	substantial	substantial	ADJ
gujaf-382	22	15	impact	impact	NOUN
gujaf-382	22	16	of	of	ADP
gujaf-382	22	17	dividend	dividend	NOUN
gujaf-382	22	18	policy	policy	NOUN
gujaf-382	22	19	on	on	ADP
gujaf-382	22	20	share	share	NOUN
gujaf-382	22	21	prices	price	NOUN
gujaf-382	22	22	remains	remain	VERB
gujaf-382	22	23	elusive	elusive	ADJ
gujaf-382	22	24	.	.	PUNCT
gujaf-382	23	1	irregular	irregular	ADJ
gujaf-382	23	2	dividend	dividend	NOUN
gujaf-382	23	3	payments	payment	NOUN
gujaf-382	23	4	,	,	PUNCT
gujaf-382	23	5	according	accord	VERB
gujaf-382	23	6	to	to	ADP
gujaf-382	23	7	hassan	hassan	PROPN
gujaf-382	23	8	et	et	PROPN
gujaf-382	23	9	al	al	PROPN
gujaf-382	23	10	.	.	PROPN
gujaf-382	23	11	(	(	PUNCT
gujaf-382	23	12	2020	2020	NUM
gujaf-382	23	13	)	)	PUNCT
gujaf-382	23	14	and	and	CCONJ
gujaf-382	23	15	reports	report	NOUN
gujaf-382	23	16	in	in	ADP
gujaf-382	23	17	thisday	thisday	NOUN
gujaf-382	23	18	(	(	PUNCT
gujaf-382	23	19	2017	2017	NUM
gujaf-382	23	20	)	)	PUNCT
gujaf-382	23	21	and	and	CCONJ
gujaf-382	23	22	thisday	thisday	NOUN
gujaf-382	23	23	(	(	PUNCT
gujaf-382	23	24	2022	2022	NUM
gujaf-382	23	25	)	)	PUNCT
gujaf-382	23	26	,	,	PUNCT
gujaf-382	23	27	contribute	contribute	VERB
gujaf-382	23	28	to	to	ADP
gujaf-382	23	29	a	a	DET
gujaf-382	23	30	persistent	persistent	ADJ
gujaf-382	23	31	downward	downward	ADJ
gujaf-382	23	32	trend	trend	NOUN
gujaf-382	23	33	in	in	ADP
gujaf-382	23	34	share	share	NOUN
gujaf-382	23	35	values	value	NOUN
gujaf-382	23	36	,	,	PUNCT
gujaf-382	23	37	causing	cause	VERB
gujaf-382	23	38	disillusionment	disillusionment	NOUN
gujaf-382	23	39	among	among	ADP
gujaf-382	23	40	investors	investor	NOUN
gujaf-382	23	41	in	in	ADP
gujaf-382	23	42	financial	financial	ADJ
gujaf-382	23	43	service	service	NOUN
gujaf-382	23	44	firms	firm	NOUN
gujaf-382	23	45	.	.	PUNCT
gujaf-382	24	1	two	two	NUM
gujaf-382	24	2	prominent	prominent	ADJ
gujaf-382	24	3	theories	theory	NOUN
gujaf-382	24	4	,	,	PUNCT
gujaf-382	24	5	the	the	DET
gujaf-382	24	6	asymmetric	asymmetric	ADJ
gujaf-382	24	7	information	information	NOUN
gujaf-382	24	8	theory	theory	NOUN
gujaf-382	24	9	(	(	PUNCT
gujaf-382	24	10	bhattacharya	bhattacharya	NOUN
gujaf-382	24	11	,	,	PUNCT
gujaf-382	24	12	1979	1979	NUM
gujaf-382	24	13	;	;	PUNCT
gujaf-382	24	14	john	john	PROPN
gujaf-382	24	15	&	&	CCONJ
gujaf-382	24	16	williams	williams	PROPN
gujaf-382	24	17	,	,	PUNCT
gujaf-382	24	18	1985	1985	NUM
gujaf-382	24	19	;	;	PUNCT
gujaf-382	24	20	miller	miller	PROPN
gujaf-382	24	21	&	&	CCONJ
gujaf-382	24	22	rock	rock	PROPN
gujaf-382	24	23	,	,	PUNCT
gujaf-382	24	24	1985	1985	NUM
gujaf-382	24	25	)	)	PUNCT
gujaf-382	24	26	,	,	PUNCT
gujaf-382	24	27	and	and	CCONJ
gujaf-382	24	28	the	the	DET
gujaf-382	24	29	agency	agency	NOUN
gujaf-382	24	30	theory	theory	NOUN
gujaf-382	24	31	(	(	PUNCT
gujaf-382	24	32	easterbrook	easterbrook	PROPN
gujaf-382	24	33	,	,	PUNCT
gujaf-382	24	34	1984	1984	NUM
gujaf-382	24	35	;	;	PUNCT
gujaf-382	24	36	jensen	jensen	PROPN
gujaf-382	24	37	,	,	PUNCT
gujaf-382	24	38	1986	1986	NUM
gujaf-382	24	39	)	)	PUNCT
gujaf-382	24	40	,	,	PUNCT
gujaf-382	24	41	provide	provide	VERB
gujaf-382	24	42	divergent	divergent	ADJ
gujaf-382	24	43	perspectives	perspective	NOUN
gujaf-382	24	44	on	on	ADP
gujaf-382	24	45	the	the	DET
gujaf-382	24	46	consequences	consequence	NOUN
gujaf-382	24	47	of	of	ADP
gujaf-382	24	48	dividend	dividend	NOUN
gujaf-382	24	49	payments	payment	NOUN
gujaf-382	24	50	.	.	PUNCT
gujaf-382	25	1	studies	study	NOUN
gujaf-382	25	2	by	by	ADP
gujaf-382	25	3	ali	ali	PROPN
gujaf-382	25	4	and	and	CCONJ
gujaf-382	25	5	hegazy	hegazy	ADV
gujaf-382	25	6	(	(	PUNCT
gujaf-382	25	7	2022	2022	NUM
gujaf-382	25	8	)	)	PUNCT
gujaf-382	25	9	,	,	PUNCT
gujaf-382	25	10	bozos	bozo	NOUN
gujaf-382	25	11	and	and	CCONJ
gujaf-382	25	12	nikolopoulos	nikolopoulos	ADV
gujaf-382	25	13	(	(	PUNCT
gujaf-382	25	14	2011	2011	NUM
gujaf-382	25	15	)	)	PUNCT
gujaf-382	25	16	,	,	PUNCT
gujaf-382	25	17	and	and	CCONJ
gujaf-382	25	18	dasilas	dasila	NOUN
gujaf-382	25	19	and	and	CCONJ
gujaf-382	25	20	leventis	leventis	PROPN
gujaf-382	25	21	(	(	PUNCT
gujaf-382	25	22	2011	2011	NUM
gujaf-382	25	23	)	)	PUNCT
gujaf-382	25	24	assert	assert	VERB
gujaf-382	25	25	that	that	SCONJ
gujaf-382	25	26	dividends	dividend	NOUN
gujaf-382	25	27	operate	operate	VERB
gujaf-382	25	28	as	as	ADP
gujaf-382	25	29	signals	signal	NOUN
gujaf-382	25	30	indicating	indicate	VERB
gujaf-382	25	31	a	a	DET
gujaf-382	25	32	company	company	NOUN
gujaf-382	25	33	's	's	PART
gujaf-382	25	34	financial	financial	ADJ
gujaf-382	25	35	strength	strength	NOUN
gujaf-382	25	36	and	and	CCONJ
gujaf-382	25	37	future	future	ADJ
gujaf-382	25	38	prospects	prospect	NOUN
gujaf-382	25	39	within	within	ADP
gujaf-382	25	40	the	the	DET
gujaf-382	25	41	context	context	NOUN
gujaf-382	25	42	of	of	ADP
gujaf-382	25	43	asymmetric	asymmetric	ADJ
gujaf-382	25	44	information	information	NOUN
gujaf-382	25	45	.	.	PUNCT
gujaf-382	26	1	simultaneously	simultaneously	ADV
gujaf-382	26	2	,	,	PUNCT
gujaf-382	26	3	the	the	DET
gujaf-382	26	4	agency	agency	NOUN
gujaf-382	26	5	costs	cost	NOUN
gujaf-382	26	6	theory	theory	NOUN
gujaf-382	26	7	suggests	suggest	VERB
gujaf-382	26	8	that	that	SCONJ
gujaf-382	26	9	the	the	DET
gujaf-382	26	10	separation	separation	NOUN
gujaf-382	26	11	of	of	ADP
gujaf-382	26	12	management	management	NOUN
gujaf-382	26	13	and	and	CCONJ
gujaf-382	26	14	ownership	ownership	NOUN
gujaf-382	26	15	can	can	AUX
gujaf-382	26	16	incur	incur	VERB
gujaf-382	26	17	agency	agency	NOUN
gujaf-382	26	18	costs	cost	NOUN
gujaf-382	26	19	,	,	PUNCT
gujaf-382	26	20	which	which	PRON
gujaf-382	26	21	might	might	AUX
gujaf-382	26	22	be	be	AUX
gujaf-382	26	23	mitigated	mitigate	VERB
gujaf-382	26	24	through	through	ADP
gujaf-382	26	25	the	the	DET
gujaf-382	26	26	distribution	distribution	NOUN
gujaf-382	26	27	of	of	ADP
gujaf-382	26	28	dividends	dividend	NOUN
gujaf-382	26	29	.	.	PUNCT
gujaf-382	27	1	collins	collins	PROPN
gujaf-382	27	2	(	(	PUNCT
gujaf-382	27	3	1957	1957	NUM
gujaf-382	27	4	)	)	PUNCT
gujaf-382	27	5	made	make	VERB
gujaf-382	27	6	expressive	expressive	ADJ
gujaf-382	27	7	contributions	contribution	NOUN
gujaf-382	27	8	to	to	ADP
gujaf-382	27	9	the	the	DET
gujaf-382	27	10	understanding	understanding	NOUN
gujaf-382	27	11	of	of	ADP
gujaf-382	27	12	share	share	NOUN
gujaf-382	27	13	prices	price	NOUN
gujaf-382	27	14	,	,	PUNCT
gujaf-382	27	15	presenting	present	VERB
gujaf-382	27	16	compelling	compelling	ADJ
gujaf-382	27	17	evidence	evidence	NOUN
gujaf-382	27	18	regarding	regard	VERB
gujaf-382	27	19	the	the	DET
gujaf-382	27	20	influential	influential	ADJ
gujaf-382	27	21	roles	role	NOUN
gujaf-382	27	22	of	of	ADP
gujaf-382	27	23	dividends	dividend	NOUN
gujaf-382	27	24	and	and	CCONJ
gujaf-382	27	25	leverage	leverage	NOUN
gujaf-382	27	26	.	.	PUNCT
gujaf-382	28	1	myers	myers	PROPN
gujaf-382	28	2	(	(	PUNCT
gujaf-382	28	3	2001	2001	NUM
gujaf-382	28	4	)	)	PUNCT
gujaf-382	28	5	extends	extend	VERB
gujaf-382	28	6	this	this	DET
gujaf-382	28	7	discussion	discussion	NOUN
gujaf-382	28	8	,	,	PUNCT
gujaf-382	28	9	proposing	propose	VERB
gujaf-382	28	10	that	that	SCONJ
gujaf-382	28	11	opting	opt	VERB
gujaf-382	28	12	for	for	ADP
gujaf-382	28	13	debt	debt	NOUN
gujaf-382	28	14	over	over	ADP
gujaf-382	28	15	external	external	ADJ
gujaf-382	28	16	equity	equity	NOUN
gujaf-382	28	17	can	can	AUX
gujaf-382	28	18	mitigate	mitigate	VERB
gujaf-382	28	19	negative	negative	ADJ
gujaf-382	28	20	selection	selection	NOUN
gujaf-382	28	21	costs	cost	NOUN
gujaf-382	28	22	associated	associate	VERB
gujaf-382	28	23	with	with	ADP
gujaf-382	28	24	external	external	ADJ
gujaf-382	28	25	financing	financing	NOUN
gujaf-382	28	26	,	,	PUNCT
gujaf-382	28	27	especially	especially	ADV
gujaf-382	28	28	in	in	ADP
gujaf-382	28	29	situations	situation	NOUN
gujaf-382	28	30	of	of	ADP
gujaf-382	28	31	information	information	NOUN
gujaf-382	28	32	asymmetry	asymmetry	NOUN
gujaf-382	28	33	where	where	SCONJ
gujaf-382	28	34	the	the	DET
gujaf-382	28	35	cost	cost	NOUN
gujaf-382	28	36	of	of	ADP
gujaf-382	28	37	debt	debt	NOUN
gujaf-382	28	38	remains	remain	VERB
gujaf-382	28	39	lower	low	ADJ
gujaf-382	28	40	than	than	ADP
gujaf-382	28	41	external	external	ADJ
gujaf-382	28	42	equity	equity	NOUN
gujaf-382	28	43	.	.	PUNCT
gujaf-382	29	1	this	this	DET
gujaf-382	29	2	collective	collective	ADJ
gujaf-382	29	3	body	body	NOUN
gujaf-382	29	4	of	of	ADP
gujaf-382	29	5	research	research	NOUN
gujaf-382	29	6	underscores	underscore	VERB
gujaf-382	29	7	the	the	DET
gujaf-382	29	8	intricate	intricate	ADJ
gujaf-382	29	9	relationship	relationship	NOUN
gujaf-382	29	10	between	between	ADP
gujaf-382	29	11	dividend	dividend	NOUN
gujaf-382	29	12	policy	policy	NOUN
gujaf-382	29	13	and	and	CCONJ
gujaf-382	29	14	leverage	leverage	NOUN
gujaf-382	29	15	,	,	PUNCT
gujaf-382	29	16	and	and	CCONJ
gujaf-382	29	17	their	their	PRON
gujaf-382	29	18	combined	combine	VERB
gujaf-382	29	19	impact	impact	NOUN
gujaf-382	29	20	on	on	ADP
gujaf-382	29	21	share	share	NOUN
gujaf-382	29	22	prices	price	NOUN
gujaf-382	29	23	.	.	PUNCT
gujaf-382	30	1	embarking	embark	VERB
gujaf-382	30	2	on	on	ADP
gujaf-382	30	3	an	an	DET
gujaf-382	30	4	exploration	exploration	NOUN
gujaf-382	30	5	of	of	ADP
gujaf-382	30	6	publicly	publicly	ADV
gujaf-382	30	7	listed	list	VERB
gujaf-382	30	8	financial	financial	ADJ
gujaf-382	30	9	service	service	NOUN
gujaf-382	30	10	firms	firm	NOUN
gujaf-382	30	11	in	in	ADP
gujaf-382	30	12	nigeria	nigeria	PROPN
gujaf-382	30	13	,	,	PUNCT
gujaf-382	30	14	this	this	DET
gujaf-382	30	15	study	study	NOUN
gujaf-382	30	16	critically	critically	ADV
gujaf-382	30	17	examines	examine	VERB
gujaf-382	30	18	the	the	DET
gujaf-382	30	19	pivotal	pivotal	ADJ
gujaf-382	30	20	roles	role	NOUN
gujaf-382	30	21	of	of	ADP
gujaf-382	30	22	specific	specific	ADJ
gujaf-382	30	23	firm	firm	NOUN
gujaf-382	30	24	attributes	attribute	NOUN
gujaf-382	30	25	,	,	PUNCT
gujaf-382	30	26	particularly	particularly	ADV
gujaf-382	30	27	dividend	dividend	NOUN
gujaf-382	30	28	payout	payout	NOUN
gujaf-382	30	29	and	and	CCONJ
gujaf-382	30	30	leverage	leverage	NOUN
gujaf-382	30	31	,	,	PUNCT
gujaf-382	30	32	in	in	ADP
gujaf-382	30	33	influencing	influence	VERB
gujaf-382	30	34	share	share	NOUN
gujaf-382	30	35	prices	price	NOUN
gujaf-382	30	36	.	.	PUNCT
gujaf-382	31	1	while	while	SCONJ
gujaf-382	31	2	drawing	draw	VERB
gujaf-382	31	3	insights	insight	NOUN
gujaf-382	31	4	from	from	ADP
gujaf-382	31	5	a	a	DET
gujaf-382	31	6	diverse	diverse	ADJ
gujaf-382	31	7	array	array	NOUN
gujaf-382	31	8	of	of	ADP
gujaf-382	31	9	global	global	ADJ
gujaf-382	31	10	studies	study	NOUN
gujaf-382	31	11	,	,	PUNCT
gujaf-382	31	12	such	such	ADJ
gujaf-382	31	13	as	as	ADP
gujaf-382	31	14	zhang	zhang	PROPN
gujaf-382	31	15	and	and	CCONJ
gujaf-382	31	16	zhou	zhou	PROPN
gujaf-382	31	17	(	(	PUNCT
gujaf-382	31	18	2020	2020	NUM
gujaf-382	31	19	)	)	PUNCT
gujaf-382	31	20	,	,	PUNCT
gujaf-382	31	21	juwita	juwita	PROPN
gujaf-382	31	22	and	and	CCONJ
gujaf-382	31	23	diana	diana	PROPN
gujaf-382	31	24	(	(	PUNCT
gujaf-382	31	25	2020	2020	NUM
gujaf-382	31	26	)	)	PUNCT
gujaf-382	31	27	,	,	PUNCT
gujaf-382	31	28	and	and	CCONJ
gujaf-382	31	29	subagyo	subagyo	NOUN
gujaf-382	31	30	(	(	PUNCT
gujaf-382	31	31	2020	2020	NUM
gujaf-382	31	32	)	)	PUNCT
gujaf-382	31	33	,	,	PUNCT
gujaf-382	31	34	studies	study	NOUN
gujaf-382	31	35	limited	limit	VERB
gujaf-382	31	36	generalizability	generalizability	NOUN
gujaf-382	31	37	due	due	ADP
gujaf-382	31	38	to	to	ADP
gujaf-382	31	39	the	the	DET
gujaf-382	31	40	small	small	ADJ
gujaf-382	31	41	sample	sample	NOUN
gujaf-382	31	42	size	size	NOUN
gujaf-382	31	43	of	of	ADP
gujaf-382	31	44	12	12	NUM
gujaf-382	31	45	companies	company	NOUN
gujaf-382	31	46	,	,	PUNCT
gujaf-382	31	47	the	the	DET
gujaf-382	31	48	challenge	challenge	NOUN
gujaf-382	31	49	persists	persist	VERB
gujaf-382	31	50	in	in	ADP
gujaf-382	31	51	translating	translate	VERB
gujaf-382	31	52	findings	finding	NOUN
gujaf-382	31	53	from	from	ADP
gujaf-382	31	54	different	different	ADJ
gujaf-382	31	55	countries	country	NOUN
gujaf-382	31	56	to	to	ADP
gujaf-382	31	57	the	the	DET
gujaf-382	31	58	nuanced	nuanced	ADJ
gujaf-382	31	59	intricacies	intricacy	NOUN
gujaf-382	31	60	of	of	ADP
gujaf-382	31	61	the	the	DET
gujaf-382	31	62	nigerian	nigerian	ADJ
gujaf-382	31	63	financial	financial	ADJ
gujaf-382	31	64	market	market	NOUN
gujaf-382	31	65	.	.	PUNCT
gujaf-382	32	1	noteworthy	noteworthy	ADJ
gujaf-382	32	2	methodological	methodological	ADJ
gujaf-382	32	3	gaps	gap	NOUN
gujaf-382	32	4	,	,	PUNCT
gujaf-382	32	5	identified	identify	VERB
gujaf-382	32	6	in	in	ADP
gujaf-382	32	7	suhadak	suhadak	PROPN
gujaf-382	32	8	et	et	PROPN
gujaf-382	32	9	al	al	PROPN
gujaf-382	32	10	.	.	PROPN
gujaf-382	32	11	's	's	PART
gujaf-382	32	12	(	(	PUNCT
gujaf-382	32	13	2019	2019	NUM
gujaf-382	32	14	)	)	PUNCT
gujaf-382	32	15	and	and	CCONJ
gujaf-382	32	16	al	al	PROPN
gujaf-382	32	17	qaisi	qaisi	PROPN
gujaf-382	32	18	's	's	PART
gujaf-382	32	19	(	(	PUNCT
gujaf-382	32	20	2016	2016	NUM
gujaf-382	32	21	)	)	PUNCT
gujaf-382	32	22	studies	study	NOUN
gujaf-382	32	23	raise	raise	VERB
gujaf-382	32	24	questions	question	NOUN
gujaf-382	32	25	about	about	ADP
gujaf-382	32	26	the	the	DET
gujaf-382	32	27	depth	depth	NOUN
gujaf-382	32	28	of	of	ADP
gujaf-382	32	29	their	their	PRON
gujaf-382	32	30	models	model	NOUN
gujaf-382	32	31	.	.	PUNCT
gujaf-382	33	1	additionally	additionally	ADV
gujaf-382	33	2	,	,	PUNCT
gujaf-382	33	3	the	the	DET
gujaf-382	33	4	lack	lack	NOUN
gujaf-382	33	5	of	of	ADP
gujaf-382	33	6	specificity	specificity	NOUN
gujaf-382	33	7	in	in	ADP
gujaf-382	33	8	statistical	statistical	ADJ
gujaf-382	33	9	techniques	technique	NOUN
gujaf-382	33	10	,	,	PUNCT
gujaf-382	33	11	as	as	SCONJ
gujaf-382	33	12	seen	see	VERB
gujaf-382	33	13	in	in	ADP
gujaf-382	33	14	the	the	DET
gujaf-382	33	15	study	study	NOUN
gujaf-382	33	16	by	by	ADP
gujaf-382	33	17	juwita	juwita	PROPN
gujaf-382	33	18	et	et	PROPN
gujaf-382	33	19	al	al	PROPN
gujaf-382	33	20	.	.	PROPN
gujaf-382	33	21	,	,	PUNCT
gujaf-382	33	22	(	(	PUNCT
gujaf-382	33	23	2020	2020	NUM
gujaf-382	33	24	)	)	PUNCT
gujaf-382	33	25	,	,	PUNCT
gujaf-382	33	26	and	and	CCONJ
gujaf-382	33	27	the	the	DET
gujaf-382	33	28	absence	absence	NOUN
gujaf-382	33	29	of	of	ADP
gujaf-382	33	30	a	a	DET
gujaf-382	33	31	comprehensive	comprehensive	ADJ
gujaf-382	33	32	analysis	analysis	NOUN
gujaf-382	33	33	,	,	PUNCT
gujaf-382	33	34	such	such	ADJ
gujaf-382	33	35	as	as	ADP
gujaf-382	33	36	lavanya	lavanya	NOUN
gujaf-382	33	37	's	's	PART
gujaf-382	33	38	(	(	PUNCT
gujaf-382	33	39	2021	2021	NUM
gujaf-382	33	40	)	)	PUNCT
gujaf-382	33	41	focus	focus	VERB
gujaf-382	33	42	solely	solely	ADV
gujaf-382	33	43	on	on	ADP
gujaf-382	33	44	dividend	dividend	NOUN
gujaf-382	33	45	policies	policy	NOUN
gujaf-382	33	46	without	without	ADP
gujaf-382	33	47	considering	consider	VERB
gujaf-382	33	48	other	other	ADJ
gujaf-382	33	49	variable	variable	NOUN
gujaf-382	33	50	,	,	PUNCT
gujaf-382	33	51	suggest	suggest	VERB
gujaf-382	33	52	areas	area	NOUN
gujaf-382	33	53	for	for	ADP
gujaf-382	33	54	improvement	improvement	NOUN
gujaf-382	33	55	.	.	PUNCT
gujaf-382	34	1	furthermore	furthermore	ADV
gujaf-382	34	2	,	,	PUNCT
gujaf-382	34	3	studies	study	NOUN
gujaf-382	34	4	like	like	ADP
gujaf-382	34	5	sudibyo	sudibyo	NOUN
gujaf-382	34	6	's	's	PART
gujaf-382	34	7	(	(	PUNCT
gujaf-382	34	8	2021	2021	NUM
gujaf-382	34	9	)	)	PUNCT
gujaf-382	34	10	exploration	exploration	NOUN
gujaf-382	34	11	of	of	ADP
gujaf-382	34	12	the	the	DET
gujaf-382	34	13	effect	effect	NOUN
gujaf-382	34	14	of	of	ADP
gujaf-382	34	15	mixed	mixed	ADJ
gujaf-382	34	16	qualitative	qualitative	ADJ
gujaf-382	34	17	and	and	CCONJ
gujaf-382	34	18	quantitative	quantitative	ADJ
gujaf-382	34	19	methods	method	NOUN
gujaf-382	34	20	may	may	AUX
gujaf-382	34	21	introduce	introduce	VERB
gujaf-382	34	22	subjectivity	subjectivity	NOUN
gujaf-382	34	23	and	and	CCONJ
gujaf-382	34	24	impact	impact	NOUN
gujaf-382	34	25	rigor	rigor	NOUN
gujaf-382	34	26	.	.	PUNCT
gujaf-382	35	1	the	the	DET
gujaf-382	35	2	need	need	NOUN
gujaf-382	35	3	for	for	ADP
gujaf-382	35	4	further	further	ADJ
gujaf-382	35	5	research	research	NOUN
gujaf-382	35	6	is	be	AUX
gujaf-382	35	7	emphasized	emphasize	VERB
gujaf-382	35	8	in	in	ADP
gujaf-382	35	9	farooq	farooq	PROPN
gujaf-382	35	10	et	et	PROPN
gujaf-382	35	11	al	al	PROPN
gujaf-382	35	12	.	.	PROPN
gujaf-382	35	13	's	's	PART
gujaf-382	35	14	(	(	PUNCT
gujaf-382	35	15	2021	2021	NUM
gujaf-382	35	16	)	)	PUNCT
gujaf-382	35	17	and	and	CCONJ
gujaf-382	35	18	syofyan	syofyan	VERB
gujaf-382	35	19	et	et	PROPN
gujaf-382	35	20	al	al	PROPN
gujaf-382	35	21	.	.	PROPN
gujaf-382	35	22	's	's	PART
gujaf-382	35	23	(	(	PUNCT
gujaf-382	35	24	2020	2020	NUM
gujaf-382	35	25	)	)	PUNCT
gujaf-382	35	26	studies	study	NOUN
gujaf-382	35	27	,	,	PUNCT
gujaf-382	35	28	where	where	SCONJ
gujaf-382	35	29	evolving	evolve	VERB
gujaf-382	35	30	contexts	context	NOUN
gujaf-382	35	31	and	and	CCONJ
gujaf-382	35	32	limited	limited	ADJ
gujaf-382	35	33	geographical	geographical	ADJ
gujaf-382	35	34	scopes	scope	NOUN
gujaf-382	35	35	,	,	PUNCT
gujaf-382	35	36	as	as	ADP
gujaf-382	35	37	in	in	ADP
gujaf-382	35	38	syed	syed	ADJ
gujaf-382	35	39	(	(	PUNCT
gujaf-382	35	40	2023	2023	NUM
gujaf-382	35	41	)	)	PUNCT
gujaf-382	35	42	focus	focus	NOUN
gujaf-382	35	43	on	on	ADP
gujaf-382	35	44	indonesian	indonesian	ADJ
gujaf-382	35	45	stock	stock	PROPN
gujaf-382	35	46	exchange	exchange	PROPN
gujaf-382	35	47	companies	company	NOUN
gujaf-382	35	48	,	,	PUNCT
gujaf-382	35	49	call	call	VERB
gujaf-382	35	50	for	for	ADP
gujaf-382	35	51	continuous	continuous	ADJ
gujaf-382	35	52	investigation	investigation	NOUN
gujaf-382	35	53	and	and	CCONJ
gujaf-382	35	54	broader	broad	ADJ
gujaf-382	35	55	perspectives	perspective	NOUN
gujaf-382	35	56	in	in	ADP
gujaf-382	35	57	future	future	ADJ
gujaf-382	35	58	research	research	NOUN
gujaf-382	35	59	.	.	PUNCT
gujaf-382	36	1	in	in	ADP
gujaf-382	36	2	addition	addition	NOUN
gujaf-382	36	3	,	,	PUNCT
gujaf-382	36	4	to	to	ADP
gujaf-382	36	5	the	the	DET
gujaf-382	36	6	best	good	ADJ
gujaf-382	36	7	of	of	ADP
gujaf-382	36	8	researcher	researcher	NOUN
gujaf-382	36	9	’s	’s	PART
gujaf-382	36	10	knowledge	knowledge	NOUN
gujaf-382	36	11	,	,	PUNCT
gujaf-382	36	12	most	most	ADJ
gujaf-382	36	13	previous	previous	ADJ
gujaf-382	36	14	studies	study	NOUN
gujaf-382	36	15	pay	pay	VERB
gujaf-382	36	16	less	less	ADJ
gujaf-382	36	17	attention	attention	NOUN
gujaf-382	36	18	on	on	ADP
gujaf-382	36	19	firmspecific	firmspecific	ADJ
gujaf-382	36	20	attributes	attribute	NOUN
gujaf-382	36	21	especially	especially	ADV
gujaf-382	36	22	in	in	ADP
gujaf-382	36	23	respect	respect	NOUN
gujaf-382	36	24	of	of	ADP
gujaf-382	36	25	dividend	dividend	NOUN
gujaf-382	36	26	policy	policy	NOUN
gujaf-382	36	27	and	and	CCONJ
gujaf-382	36	28	leverage	leverage	NOUN
gujaf-382	36	29	and	and	CCONJ
gujaf-382	36	30	their	their	PRON
gujaf-382	36	31	impact	impact	NOUN
gujaf-382	36	32	on	on	ADP
gujaf-382	36	33	share	share	NOUN
gujaf-382	36	34	price	price	NOUN
gujaf-382	36	35	in	in	ADP
gujaf-382	36	36	financial	financial	ADJ
gujaf-382	36	37	sector	sector	NOUN
gujaf-382	36	38	.	.	PUNCT
gujaf-382	37	1	hence	hence	ADV
gujaf-382	37	2	,	,	PUNCT
gujaf-382	37	3	the	the	DET
gujaf-382	37	4	present	present	ADJ
gujaf-382	37	5	research	research	NOUN
gujaf-382	37	6	fills	fill	VERB
gujaf-382	37	7	this	this	DET
gujaf-382	37	8	research	research	NOUN
gujaf-382	37	9	gap	gap	NOUN
gujaf-382	37	10	by	by	ADP
gujaf-382	37	11	extending	extend	VERB
gujaf-382	37	12	the	the	DET
gujaf-382	37	13	gusau	gusau	ADJ
gujaf-382	37	14	journal	journal	NOUN
gujaf-382	37	15	of	of	ADP
gujaf-382	37	16	accounting	accounting	NOUN
gujaf-382	37	17	and	and	CCONJ
gujaf-382	37	18	finance	finance	NOUN
gujaf-382	37	19	,	,	PUNCT
gujaf-382	37	20	vol.6	vol.6	PROPN
gujaf-382	37	21	,	,	PUNCT
gujaf-382	37	22	issue	issue	NOUN
gujaf-382	37	23	1	1	NUM
gujaf-382	37	24	,	,	PUNCT
gujaf-382	37	25	april	april	PROPN
gujaf-382	37	26	,	,	PUNCT
gujaf-382	37	27	2025	2025	NUM
gujaf-382	37	28	243	243	NUM
gujaf-382	37	29	period	period	NOUN
gujaf-382	37	30	of	of	ADP
gujaf-382	37	31	the	the	DET
gujaf-382	37	32	study	study	NOUN
gujaf-382	37	33	to	to	ADP
gujaf-382	37	34	15	15	NUM
gujaf-382	37	35	years	year	NOUN
gujaf-382	37	36	,	,	PUNCT
gujaf-382	37	37	using	use	VERB
gujaf-382	37	38	larger	large	ADJ
gujaf-382	37	39	sample	sample	NOUN
gujaf-382	37	40	size	size	NOUN
gujaf-382	37	41	and	and	CCONJ
gujaf-382	37	42	robust	robust	ADJ
gujaf-382	37	43	technique	technique	NOUN
gujaf-382	37	44	analysis	analysis	NOUN
gujaf-382	37	45	on	on	ADP
gujaf-382	37	46	how	how	SCONJ
gujaf-382	37	47	these	these	DET
gujaf-382	37	48	aforementioned	aforementione	VERB
gujaf-382	37	49	factors	factor	NOUN
gujaf-382	37	50	influence	influence	NOUN
gujaf-382	37	51	share	share	NOUN
gujaf-382	37	52	price	price	NOUN
gujaf-382	37	53	.	.	PUNCT
gujaf-382	38	1	the	the	DET
gujaf-382	38	2	insights	insight	NOUN
gujaf-382	38	3	derived	derive	VERB
gujaf-382	38	4	from	from	ADP
gujaf-382	38	5	these	these	DET
gujaf-382	38	6	studies	study	NOUN
gujaf-382	38	7	provide	provide	VERB
gujaf-382	38	8	invaluable	invaluable	ADJ
gujaf-382	38	9	guidance	guidance	NOUN
gujaf-382	38	10	for	for	ADP
gujaf-382	38	11	policymakers	policymaker	NOUN
gujaf-382	38	12	,	,	PUNCT
gujaf-382	38	13	investors	investor	NOUN
gujaf-382	38	14	,	,	PUNCT
gujaf-382	38	15	and	and	CCONJ
gujaf-382	38	16	financial	financial	ADJ
gujaf-382	38	17	institutions	institution	NOUN
gujaf-382	38	18	,	,	PUNCT
gujaf-382	38	19	assisting	assist	VERB
gujaf-382	38	20	them	they	PRON
gujaf-382	38	21	in	in	ADP
gujaf-382	38	22	navigating	navigate	VERB
gujaf-382	38	23	the	the	DET
gujaf-382	38	24	distinctive	distinctive	ADJ
gujaf-382	38	25	challenges	challenge	NOUN
gujaf-382	38	26	and	and	CCONJ
gujaf-382	38	27	opportunities	opportunity	NOUN
gujaf-382	38	28	inherent	inherent	ADJ
gujaf-382	38	29	in	in	ADP
gujaf-382	38	30	nigeria	nigeria	PROPN
gujaf-382	38	31	's	's	PART
gujaf-382	38	32	financial	financial	ADJ
gujaf-382	38	33	ecosystem	ecosystem	NOUN
gujaf-382	38	34	.	.	PUNCT
gujaf-382	39	1	this	this	DET
gujaf-382	39	2	study	study	NOUN
gujaf-382	39	3	places	place	VERB
gujaf-382	39	4	particular	particular	ADJ
gujaf-382	39	5	emphasis	emphasis	NOUN
gujaf-382	39	6	on	on	ADP
gujaf-382	39	7	dividend	dividend	NOUN
gujaf-382	39	8	policy	policy	NOUN
gujaf-382	39	9	and	and	CCONJ
gujaf-382	39	10	leverage	leverage	NOUN
gujaf-382	39	11	,	,	PUNCT
gujaf-382	39	12	recognizing	recognize	VERB
gujaf-382	39	13	their	their	PRON
gujaf-382	39	14	inherent	inherent	ADJ
gujaf-382	39	15	significance	significance	NOUN
gujaf-382	39	16	as	as	ADP
gujaf-382	39	17	critical	critical	ADJ
gujaf-382	39	18	determinants	determinant	NOUN
gujaf-382	39	19	of	of	ADP
gujaf-382	39	20	financial	financial	ADJ
gujaf-382	39	21	health	health	NOUN
gujaf-382	39	22	and	and	CCONJ
gujaf-382	39	23	stability	stability	NOUN
gujaf-382	39	24	.	.	PUNCT
gujaf-382	40	1	dividend	dividend	NOUN
gujaf-382	40	2	policy	policy	NOUN
gujaf-382	40	3	serves	serve	VERB
gujaf-382	40	4	as	as	ADP
gujaf-382	40	5	a	a	DET
gujaf-382	40	6	key	key	ADJ
gujaf-382	40	7	signal	signal	NOUN
gujaf-382	40	8	of	of	ADP
gujaf-382	40	9	a	a	DET
gujaf-382	40	10	company	company	NOUN
gujaf-382	40	11	's	's	PART
gujaf-382	40	12	willingness	willingness	NOUN
gujaf-382	40	13	and	and	CCONJ
gujaf-382	40	14	ability	ability	NOUN
gujaf-382	40	15	to	to	PART
gujaf-382	40	16	distribute	distribute	VERB
gujaf-382	40	17	profits	profit	NOUN
gujaf-382	40	18	to	to	ADP
gujaf-382	40	19	shareholders	shareholder	NOUN
gujaf-382	40	20	,	,	PUNCT
gujaf-382	40	21	reflecting	reflect	VERB
gujaf-382	40	22	its	its	PRON
gujaf-382	40	23	financial	financial	ADJ
gujaf-382	40	24	strength	strength	NOUN
gujaf-382	40	25	and	and	CCONJ
gujaf-382	40	26	commitment	commitment	NOUN
gujaf-382	40	27	to	to	ADP
gujaf-382	40	28	shareholder	shareholder	NOUN
gujaf-382	40	29	value	value	NOUN
gujaf-382	40	30	.	.	PUNCT
gujaf-382	41	1	concurrently	concurrently	ADV
gujaf-382	41	2	,	,	PUNCT
gujaf-382	41	3	leverage	leverage	NOUN
gujaf-382	41	4	,	,	PUNCT
gujaf-382	41	5	representing	represent	VERB
gujaf-382	41	6	a	a	DET
gujaf-382	41	7	firm	firm	NOUN
gujaf-382	41	8	's	's	PART
gujaf-382	41	9	reliance	reliance	NOUN
gujaf-382	41	10	on	on	ADP
gujaf-382	41	11	debt	debt	NOUN
gujaf-382	41	12	,	,	PUNCT
gujaf-382	41	13	carries	carry	VERB
gujaf-382	41	14	implications	implication	NOUN
gujaf-382	41	15	for	for	ADP
gujaf-382	41	16	risk	risk	NOUN
gujaf-382	41	17	and	and	CCONJ
gujaf-382	41	18	financial	financial	ADJ
gujaf-382	41	19	stability	stability	NOUN
gujaf-382	41	20	.	.	PUNCT
gujaf-382	42	1	within	within	ADP
gujaf-382	42	2	this	this	DET
gujaf-382	42	3	intricate	intricate	ADJ
gujaf-382	42	4	web	web	NOUN
gujaf-382	42	5	of	of	ADP
gujaf-382	42	6	firm	firm	NOUN
gujaf-382	42	7	attributes	attribute	NOUN
gujaf-382	42	8	,	,	PUNCT
gujaf-382	42	9	these	these	DET
gujaf-382	42	10	two	two	NUM
gujaf-382	42	11	factors	factor	NOUN
gujaf-382	42	12	emerge	emerge	VERB
gujaf-382	42	13	as	as	ADP
gujaf-382	42	14	linchpins	linchpin	NOUN
gujaf-382	42	15	,	,	PUNCT
gujaf-382	42	16	exerting	exert	VERB
gujaf-382	42	17	profound	profound	ADJ
gujaf-382	42	18	impacts	impact	NOUN
gujaf-382	42	19	on	on	ADP
gujaf-382	42	20	share	share	NOUN
gujaf-382	42	21	prices	price	NOUN
gujaf-382	42	22	.	.	PUNCT
gujaf-382	43	1	therefore	therefore	ADV
gujaf-382	43	2	,	,	PUNCT
gujaf-382	43	3	a	a	DET
gujaf-382	43	4	meticulous	meticulous	ADJ
gujaf-382	43	5	examination	examination	NOUN
gujaf-382	43	6	of	of	ADP
gujaf-382	43	7	dividend	dividend	NOUN
gujaf-382	43	8	policy	policy	NOUN
gujaf-382	43	9	and	and	CCONJ
gujaf-382	43	10	leverage	leverage	NOUN
gujaf-382	43	11	is	be	AUX
gujaf-382	43	12	warranted	warrant	VERB
gujaf-382	43	13	,	,	PUNCT
gujaf-382	43	14	as	as	SCONJ
gujaf-382	43	15	they	they	PRON
gujaf-382	43	16	serve	serve	VERB
gujaf-382	43	17	as	as	ADP
gujaf-382	43	18	key	key	ADJ
gujaf-382	43	19	indicators	indicator	NOUN
gujaf-382	43	20	of	of	ADP
gujaf-382	43	21	financial	financial	ADJ
gujaf-382	43	22	robustness	robustness	NOUN
gujaf-382	43	23	and	and	CCONJ
gujaf-382	43	24	risk	risk	NOUN
gujaf-382	43	25	exposures	exposure	NOUN
gujaf-382	43	26	,	,	PUNCT
gujaf-382	43	27	shaping	shape	VERB
gujaf-382	43	28	the	the	DET
gujaf-382	43	29	overall	overall	ADJ
gujaf-382	43	30	landscape	landscape	NOUN
gujaf-382	43	31	of	of	ADP
gujaf-382	43	32	nigeria	nigeria	PROPN
gujaf-382	43	33	's	's	PART
gujaf-382	43	34	financial	financial	ADJ
gujaf-382	43	35	markets	market	NOUN
gujaf-382	43	36	.	.	PUNCT
gujaf-382	44	1	2.0	2.0	NUM
gujaf-382	44	2	literature	literature	NOUN
gujaf-382	44	3	review	review	VERB
gujaf-382	44	4	the	the	DET
gujaf-382	44	5	concept	concept	NOUN
gujaf-382	44	6	of	of	ADP
gujaf-382	44	7	firm	firm	ADJ
gujaf-382	44	8	attributes	attribute	NOUN
gujaf-382	44	9	,	,	PUNCT
gujaf-382	44	10	integral	integral	ADJ
gujaf-382	44	11	to	to	ADP
gujaf-382	44	12	arts	art	NOUN
gujaf-382	44	13	and	and	CCONJ
gujaf-382	44	14	social	social	ADJ
gujaf-382	44	15	sciences	science	NOUN
gujaf-382	44	16	,	,	PUNCT
gujaf-382	44	17	undergoes	undergo	VERB
gujaf-382	44	18	varied	varied	ADJ
gujaf-382	44	19	definitions	definition	NOUN
gujaf-382	44	20	influenced	influence	VERB
gujaf-382	44	21	by	by	ADP
gujaf-382	44	22	individual	individual	ADJ
gujaf-382	44	23	firm	firm	ADJ
gujaf-382	44	24	peculiarities	peculiarity	NOUN
gujaf-382	44	25	and	and	CCONJ
gujaf-382	44	26	diverse	diverse	VERB
gujaf-382	44	27	regulatory	regulatory	ADJ
gujaf-382	44	28	frameworks	framework	NOUN
gujaf-382	44	29	across	across	ADP
gujaf-382	44	30	nations	nation	NOUN
gujaf-382	44	31	.	.	PUNCT
gujaf-382	45	1	disparities	disparity	NOUN
gujaf-382	45	2	in	in	ADP
gujaf-382	45	3	socio	socio	NOUN
gujaf-382	45	4	-	-	PUNCT
gujaf-382	45	5	economic	economic	ADJ
gujaf-382	45	6	,	,	PUNCT
gujaf-382	45	7	cultural	cultural	ADJ
gujaf-382	45	8	,	,	PUNCT
gujaf-382	45	9	legal	legal	ADJ
gujaf-382	45	10	,	,	PUNCT
gujaf-382	45	11	and	and	CCONJ
gujaf-382	45	12	political	political	ADJ
gujaf-382	45	13	settings	setting	NOUN
gujaf-382	45	14	,	,	PUNCT
gujaf-382	45	15	coupled	couple	VERB
gujaf-382	45	16	with	with	ADP
gujaf-382	45	17	researchers	researcher	NOUN
gujaf-382	45	18	'	'	PART
gujaf-382	45	19	perspectives	perspective	NOUN
gujaf-382	45	20	,	,	PUNCT
gujaf-382	45	21	contribute	contribute	VERB
gujaf-382	45	22	to	to	ADP
gujaf-382	45	23	these	these	DET
gujaf-382	45	24	differences	difference	NOUN
gujaf-382	45	25	.	.	PUNCT
gujaf-382	46	1	alam	alam	PROPN
gujaf-382	46	2	and	and	CCONJ
gujaf-382	46	3	islam	islam	PROPN
gujaf-382	46	4	(	(	PUNCT
gujaf-382	46	5	2022	2022	NUM
gujaf-382	46	6	)	)	PUNCT
gujaf-382	46	7	define	define	VERB
gujaf-382	46	8	firm	firm	ADJ
gujaf-382	46	9	attributes	attribute	NOUN
gujaf-382	46	10	as	as	ADP
gujaf-382	46	11	characteristics	characteristic	NOUN
gujaf-382	46	12	affecting	affect	VERB
gujaf-382	46	13	financial	financial	ADJ
gujaf-382	46	14	performance	performance	NOUN
gujaf-382	46	15	,	,	PUNCT
gujaf-382	46	16	encompassing	encompass	VERB
gujaf-382	46	17	size	size	NOUN
gujaf-382	46	18	,	,	PUNCT
gujaf-382	46	19	leverage	leverage	NOUN
gujaf-382	46	20	,	,	PUNCT
gujaf-382	46	21	profitability	profitability	NOUN
gujaf-382	46	22	,	,	PUNCT
gujaf-382	46	23	and	and	CCONJ
gujaf-382	46	24	growth	growth	NOUN
gujaf-382	46	25	.	.	PUNCT
gujaf-382	47	1	shehu	shehu	PROPN
gujaf-382	47	2	and	and	CCONJ
gujaf-382	47	3	farouk	farouk	PROPN
gujaf-382	47	4	(	(	PUNCT
gujaf-382	47	5	2014	2014	NUM
gujaf-382	47	6	)	)	PUNCT
gujaf-382	47	7	view	view	VERB
gujaf-382	47	8	them	they	PRON
gujaf-382	47	9	as	as	ADP
gujaf-382	47	10	relatively	relatively	ADV
gujaf-382	47	11	persistent	persistent	ADJ
gujaf-382	47	12	variables	variable	NOUN
gujaf-382	47	13	among	among	ADP
gujaf-382	47	14	different	different	ADJ
gujaf-382	47	15	firms	firm	NOUN
gujaf-382	47	16	over	over	ADP
gujaf-382	47	17	time	time	NOUN
gujaf-382	47	18	,	,	PUNCT
gujaf-382	47	19	highlighting	highlight	VERB
gujaf-382	47	20	distinctive	distinctive	ADJ
gujaf-382	47	21	features	feature	NOUN
gujaf-382	47	22	like	like	ADP
gujaf-382	47	23	dividend	dividend	NOUN
gujaf-382	47	24	payout	payout	NOUN
gujaf-382	47	25	and	and	CCONJ
gujaf-382	47	26	leverage	leverage	NOUN
gujaf-382	47	27	.	.	PUNCT
gujaf-382	48	1	dividend	dividend	NOUN
gujaf-382	48	2	,	,	PUNCT
gujaf-382	48	3	described	describe	VERB
gujaf-382	48	4	by	by	ADP
gujaf-382	48	5	barros	barros	PROPN
gujaf-382	48	6	at	at	ADP
gujaf-382	48	7	al	al	PROPN
gujaf-382	48	8	.	.	PROPN
gujaf-382	48	9	,	,	PUNCT
gujaf-382	48	10	(	(	PUNCT
gujaf-382	48	11	2020	2020	NUM
gujaf-382	48	12	)	)	PUNCT
gujaf-382	48	13	,	,	PUNCT
gujaf-382	48	14	mustafa	mustafa	PROPN
gujaf-382	48	15	et	et	PROPN
gujaf-382	48	16	al	al	PROPN
gujaf-382	48	17	.	.	PROPN
gujaf-382	48	18	,	,	PUNCT
gujaf-382	48	19	(	(	PUNCT
gujaf-382	48	20	2020	2020	NUM
gujaf-382	48	21	)	)	PUNCT
gujaf-382	48	22	,	,	PUNCT
gujaf-382	48	23	and	and	CCONJ
gujaf-382	48	24	others	other	NOUN
gujaf-382	48	25	,	,	PUNCT
gujaf-382	48	26	involves	involve	VERB
gujaf-382	48	27	payments	payment	NOUN
gujaf-382	48	28	from	from	ADP
gujaf-382	48	29	retained	retain	VERB
gujaf-382	48	30	earnings	earning	NOUN
gujaf-382	48	31	to	to	ADP
gujaf-382	48	32	shareholders	shareholder	NOUN
gujaf-382	48	33	.	.	PUNCT
gujaf-382	49	1	the	the	DET
gujaf-382	49	2	study	study	NOUN
gujaf-382	49	3	defines	define	VERB
gujaf-382	49	4	dividend	dividend	NOUN
gujaf-382	49	5	policy	policy	NOUN
gujaf-382	49	6	as	as	ADP
gujaf-382	49	7	the	the	DET
gujaf-382	49	8	tendency	tendency	NOUN
gujaf-382	49	9	of	of	ADP
gujaf-382	49	10	the	the	DET
gujaf-382	49	11	firm	firm	NOUN
gujaf-382	49	12	to	to	PART
gujaf-382	49	13	declare	declare	VERB
gujaf-382	49	14	dividends	dividend	NOUN
gujaf-382	49	15	at	at	ADP
gujaf-382	49	16	the	the	DET
gujaf-382	49	17	end	end	NOUN
gujaf-382	49	18	of	of	ADP
gujaf-382	49	19	the	the	DET
gujaf-382	49	20	accounting	accounting	NOUN
gujaf-382	49	21	period	period	NOUN
gujaf-382	49	22	(	(	PUNCT
gujaf-382	49	23	dewasiri	dewasiri	NOUN
gujaf-382	49	24	et	et	PROPN
gujaf-382	49	25	al	al	PROPN
gujaf-382	49	26	.	.	PROPN
gujaf-382	49	27	,	,	PUNCT
gujaf-382	49	28	2019	2019	NUM
gujaf-382	49	29	)	)	PUNCT
gujaf-382	49	30	.	.	PUNCT
gujaf-382	50	1	leverage	leverage	NOUN
gujaf-382	50	2	,	,	PUNCT
gujaf-382	50	3	as	as	SCONJ
gujaf-382	50	4	outlined	outline	VERB
gujaf-382	50	5	by	by	ADP
gujaf-382	50	6	mehul	mehul	PROPN
gujaf-382	50	7	and	and	CCONJ
gujaf-382	50	8	varadjat	varadjat	ADJ
gujaf-382	50	9	(	(	PUNCT
gujaf-382	50	10	2013	2013	NUM
gujaf-382	50	11	)	)	PUNCT
gujaf-382	50	12	,	,	PUNCT
gujaf-382	50	13	keown	keown	PROPN
gujaf-382	50	14	et	et	PROPN
gujaf-382	50	15	al	al	PROPN
gujaf-382	50	16	.	.	PROPN
gujaf-382	50	17	(	(	PUNCT
gujaf-382	50	18	2021	2021	NUM
gujaf-382	50	19	)	)	PUNCT
gujaf-382	50	20	,	,	PUNCT
gujaf-382	50	21	and	and	CCONJ
gujaf-382	50	22	others	other	NOUN
gujaf-382	50	23	,	,	PUNCT
gujaf-382	50	24	represents	represent	VERB
gujaf-382	50	25	the	the	DET
gujaf-382	50	26	ratio	ratio	NOUN
gujaf-382	50	27	of	of	ADP
gujaf-382	50	28	a	a	DET
gujaf-382	50	29	firm	firm	NOUN
gujaf-382	50	30	's	's	PART
gujaf-382	50	31	debt	debt	NOUN
gujaf-382	50	32	to	to	ADP
gujaf-382	50	33	equity	equity	NOUN
gujaf-382	50	34	or	or	CCONJ
gujaf-382	50	35	the	the	DET
gujaf-382	50	36	use	use	NOUN
gujaf-382	50	37	of	of	ADP
gujaf-382	50	38	debt	debt	NOUN
gujaf-382	50	39	to	to	ADP
gujaf-382	50	40	finance	finance	NOUN
gujaf-382	50	41	assets	asset	NOUN
gujaf-382	50	42	,	,	PUNCT
gujaf-382	50	43	magnifying	magnify	VERB
gujaf-382	50	44	potential	potential	ADJ
gujaf-382	50	45	returns	return	NOUN
gujaf-382	50	46	and	and	CCONJ
gujaf-382	50	47	risks	risk	NOUN
gujaf-382	50	48	.	.	PUNCT
gujaf-382	51	1	hence	hence	ADV
gujaf-382	51	2	,	,	PUNCT
gujaf-382	51	3	this	this	DET
gujaf-382	51	4	study	study	NOUN
gujaf-382	51	5	,	,	PUNCT
gujaf-382	51	6	in	in	ADP
gujaf-382	51	7	line	line	NOUN
gujaf-382	51	8	with	with	ADP
gujaf-382	51	9	mehul	mehul	PROPN
gujaf-382	51	10	and	and	CCONJ
gujaf-382	51	11	varadjat	varadjat	ADJ
gujaf-382	51	12	(	(	PUNCT
gujaf-382	51	13	2013	2013	NUM
gujaf-382	51	14	)	)	PUNCT
gujaf-382	51	15	and	and	CCONJ
gujaf-382	51	16	keown	keown	PROPN
gujaf-382	51	17	et	et	PROPN
gujaf-382	51	18	al	al	PROPN
gujaf-382	51	19	.	.	PROPN
gujaf-382	51	20	(	(	PUNCT
gujaf-382	51	21	2021	2021	NUM
gujaf-382	51	22	)	)	PUNCT
gujaf-382	51	23	,	,	PUNCT
gujaf-382	51	24	defines	define	VERB
gujaf-382	51	25	leverage	leverage	NOUN
gujaf-382	51	26	as	as	ADP
gujaf-382	51	27	the	the	DET
gujaf-382	51	28	extent	extent	NOUN
gujaf-382	51	29	to	to	PART
gujaf-382	51	30	which	which	PRON
gujaf-382	51	31	a	a	DET
gujaf-382	51	32	firm	firm	NOUN
gujaf-382	51	33	utilizes	utilize	VERB
gujaf-382	51	34	debt	debt	NOUN
gujaf-382	51	35	to	to	PART
gujaf-382	51	36	finance	finance	VERB
gujaf-382	51	37	its	its	PRON
gujaf-382	51	38	assets	asset	NOUN
gujaf-382	51	39	,	,	PUNCT
gujaf-382	51	40	thereby	thereby	ADV
gujaf-382	51	41	amplifying	amplify	VERB
gujaf-382	51	42	both	both	DET
gujaf-382	51	43	potential	potential	ADJ
gujaf-382	51	44	returns	return	NOUN
gujaf-382	51	45	and	and	CCONJ
gujaf-382	51	46	risks	risk	NOUN
gujaf-382	51	47	associated	associate	VERB
gujaf-382	51	48	with	with	ADP
gujaf-382	51	49	its	its	PRON
gujaf-382	51	50	financial	financial	ADJ
gujaf-382	51	51	structure	structure	NOUN
gujaf-382	51	52	.	.	PUNCT
gujaf-382	52	1	on	on	ADP
gujaf-382	52	2	the	the	DET
gujaf-382	52	3	other	other	ADJ
gujaf-382	52	4	hand	hand	NOUN
gujaf-382	52	5	,	,	PUNCT
gujaf-382	52	6	the	the	DET
gujaf-382	52	7	concept	concept	NOUN
gujaf-382	52	8	of	of	ADP
gujaf-382	52	9	stock	stock	NOUN
gujaf-382	52	10	price	price	NOUN
gujaf-382	52	11	is	be	AUX
gujaf-382	52	12	intricate	intricate	ADJ
gujaf-382	52	13	,	,	PUNCT
gujaf-382	52	14	encompassing	encompass	VERB
gujaf-382	52	15	factors	factor	NOUN
gujaf-382	52	16	such	such	ADJ
gujaf-382	52	17	as	as	ADP
gujaf-382	52	18	supply	supply	NOUN
gujaf-382	52	19	and	and	CCONJ
gujaf-382	52	20	demand	demand	NOUN
gujaf-382	52	21	dynamics	dynamic	NOUN
gujaf-382	52	22	,	,	PUNCT
gujaf-382	52	23	investor	investor	NOUN
gujaf-382	52	24	psychology	psychology	NOUN
gujaf-382	52	25	,	,	PUNCT
gujaf-382	52	26	information	information	NOUN
gujaf-382	52	27	asymmetry	asymmetry	NOUN
gujaf-382	52	28	,	,	PUNCT
gujaf-382	52	29	and	and	CCONJ
gujaf-382	52	30	macroeconomic	macroeconomic	ADJ
gujaf-382	52	31	influences	influence	NOUN
gujaf-382	52	32	.	.	PUNCT
gujaf-382	53	1	while	while	SCONJ
gujaf-382	53	2	traditional	traditional	ADJ
gujaf-382	53	3	finance	finance	NOUN
gujaf-382	53	4	theories	theory	NOUN
gujaf-382	53	5	predominantly	predominantly	ADV
gujaf-382	53	6	focus	focus	VERB
gujaf-382	53	7	on	on	ADP
gujaf-382	53	8	fundamental	fundamental	ADJ
gujaf-382	53	9	analysis	analysis	NOUN
gujaf-382	53	10	,	,	PUNCT
gujaf-382	53	11	recent	recent	ADJ
gujaf-382	53	12	research	research	NOUN
gujaf-382	53	13	underscores	underscore	VERB
gujaf-382	53	14	the	the	DET
gujaf-382	53	15	significance	significance	NOUN
gujaf-382	53	16	of	of	ADP
gujaf-382	53	17	behavioral	behavioral	ADJ
gujaf-382	53	18	factors	factor	NOUN
gujaf-382	53	19	and	and	CCONJ
gujaf-382	53	20	market	market	NOUN
gujaf-382	53	21	inefficiencies	inefficiency	NOUN
gujaf-382	53	22	in	in	ADP
gujaf-382	53	23	understanding	understand	VERB
gujaf-382	53	24	stock	stock	NOUN
gujaf-382	53	25	price	price	NOUN
gujaf-382	53	26	movements	movement	NOUN
gujaf-382	53	27	(	(	PUNCT
gujaf-382	53	28	porterba	porterba	NOUN
gujaf-382	53	29	,	,	PUNCT
gujaf-382	53	30	2010	2010	NUM
gujaf-382	53	31	)	)	PUNCT
gujaf-382	53	32	.	.	PUNCT
gujaf-382	54	1	there	there	PRON
gujaf-382	54	2	is	be	VERB
gujaf-382	54	3	evidence	evidence	NOUN
gujaf-382	54	4	both	both	PRON
gujaf-382	54	5	supporting	support	VERB
gujaf-382	54	6	and	and	CCONJ
gujaf-382	54	7	challenging	challenge	VERB
gujaf-382	54	8	the	the	DET
gujaf-382	54	9	notion	notion	NOUN
gujaf-382	54	10	that	that	SCONJ
gujaf-382	54	11	stock	stock	NOUN
gujaf-382	54	12	prices	price	NOUN
gujaf-382	54	13	follow	follow	VERB
gujaf-382	54	14	a	a	DET
gujaf-382	54	15	random	random	ADJ
gujaf-382	54	16	walk	walk	NOUN
gujaf-382	54	17	(	(	PUNCT
gujaf-382	54	18	shiller	shiller	NOUN
gujaf-382	54	19	,	,	PUNCT
gujaf-382	54	20	2010	2010	NUM
gujaf-382	54	21	)	)	PUNCT
gujaf-382	54	22	.	.	PUNCT
gujaf-382	55	1	the	the	DET
gujaf-382	55	2	price	price	NOUN
gujaf-382	55	3	of	of	ADP
gujaf-382	55	4	a	a	DET
gujaf-382	55	5	stock	stock	NOUN
gujaf-382	55	6	is	be	AUX
gujaf-382	55	7	viewed	view	VERB
gujaf-382	55	8	as	as	ADP
gujaf-382	55	9	the	the	DET
gujaf-382	55	10	present	present	ADJ
gujaf-382	55	11	value	value	NOUN
gujaf-382	55	12	of	of	ADP
gujaf-382	55	13	all	all	DET
gujaf-382	55	14	future	future	ADJ
gujaf-382	55	15	cash	cash	NOUN
gujaf-382	55	16	flows	flow	NOUN
gujaf-382	55	17	discounted	discount	VERB
gujaf-382	55	18	by	by	ADP
gujaf-382	55	19	a	a	DET
gujaf-382	55	20	risk	risk	NOUN
gujaf-382	55	21	premium	premium	NOUN
gujaf-382	55	22	reflecting	reflect	VERB
gujaf-382	55	23	uncertainty	uncertainty	NOUN
gujaf-382	55	24	(	(	PUNCT
gujaf-382	55	25	bodie	bodie	PROPN
gujaf-382	55	26	,	,	PUNCT
gujaf-382	55	27	kane	kane	PROPN
gujaf-382	55	28	,	,	PUNCT
gujaf-382	55	29	&	&	CCONJ
gujaf-382	55	30	marcus	marcus	PROPN
gujaf-382	55	31	,	,	PUNCT
gujaf-382	55	32	2018	2018	NUM
gujaf-382	55	33	)	)	PUNCT
gujaf-382	55	34	.	.	PUNCT
gujaf-382	56	1	smith	smith	PROPN
gujaf-382	56	2	et	et	PROPN
gujaf-382	56	3	al	al	PROPN
gujaf-382	56	4	.	.	PROPN
gujaf-382	56	5	(	(	PUNCT
gujaf-382	56	6	2020	2020	NUM
gujaf-382	56	7	)	)	PUNCT
gujaf-382	56	8	define	define	VERB
gujaf-382	56	9	stock	stock	NOUN
gujaf-382	56	10	price	price	NOUN
gujaf-382	56	11	as	as	ADP
gujaf-382	56	12	the	the	DET
gujaf-382	56	13	market	market	NOUN
gujaf-382	56	14	value	value	NOUN
gujaf-382	56	15	of	of	ADP
gujaf-382	56	16	a	a	DET
gujaf-382	56	17	company	company	NOUN
gujaf-382	56	18	's	's	PART
gujaf-382	56	19	shares	share	NOUN
gujaf-382	56	20	at	at	ADP
gujaf-382	56	21	a	a	DET
gujaf-382	56	22	given	give	VERB
gujaf-382	56	23	point	point	NOUN
gujaf-382	56	24	,	,	PUNCT
gujaf-382	56	25	considering	consider	VERB
gujaf-382	56	26	supply	supply	NOUN
gujaf-382	56	27	and	and	CCONJ
gujaf-382	56	28	demand	demand	NOUN
gujaf-382	56	29	dynamics	dynamic	NOUN
gujaf-382	56	30	,	,	PUNCT
gujaf-382	56	31	investor	investor	NOUN
gujaf-382	56	32	sentiment	sentiment	NOUN
gujaf-382	56	33	,	,	PUNCT
gujaf-382	56	34	and	and	CCONJ
gujaf-382	56	35	fundamental	fundamental	ADJ
gujaf-382	56	36	factors	factor	NOUN
gujaf-382	56	37	.	.	PUNCT
gujaf-382	57	1	consequently	consequently	ADV
gujaf-382	57	2	,	,	PUNCT
gujaf-382	57	3	this	this	DET
gujaf-382	57	4	research	research	NOUN
gujaf-382	57	5	aligns	align	VERB
gujaf-382	57	6	with	with	ADP
gujaf-382	57	7	abdelkarim	abdelkarim	NOUN
gujaf-382	57	8	(	(	PUNCT
gujaf-382	57	9	2014	2014	NUM
gujaf-382	57	10	)	)	PUNCT
gujaf-382	57	11	,	,	PUNCT
gujaf-382	57	12	defining	define	VERB
gujaf-382	57	13	stock	stock	NOUN
gujaf-382	57	14	price	price	NOUN
gujaf-382	57	15	as	as	ADP
gujaf-382	57	16	the	the	DET
gujaf-382	57	17	current	current	ADJ
gujaf-382	57	18	price	price	NOUN
gujaf-382	57	19	of	of	ADP
gujaf-382	57	20	a	a	DET
gujaf-382	57	21	share	share	NOUN
gujaf-382	57	22	listed	list	VERB
gujaf-382	57	23	/	/	PUNCT
gujaf-382	57	24	traded	trade	VERB
gujaf-382	57	25	on	on	ADP
gujaf-382	57	26	a	a	DET
gujaf-382	57	27	stock	stock	NOUN
gujaf-382	57	28	exchange	exchange	NOUN
gujaf-382	57	29	,	,	PUNCT
gujaf-382	57	30	as	as	SCONJ
gujaf-382	57	31	determined	determine	VERB
gujaf-382	57	32	by	by	ADP
gujaf-382	57	33	market	market	NOUN
gujaf-382	57	34	participants	participant	NOUN
gujaf-382	57	35	,	,	PUNCT
gujaf-382	57	36	and	and	CCONJ
gujaf-382	57	37	influenced	influence	VERB
gujaf-382	57	38	by	by	ADP
gujaf-382	57	39	the	the	DET
gujaf-382	57	40	demand	demand	NOUN
gujaf-382	57	41	and	and	CCONJ
gujaf-382	57	42	supply	supply	NOUN
gujaf-382	57	43	of	of	ADP
gujaf-382	57	44	the	the	DET
gujaf-382	57	45	relevant	relevant	ADJ
gujaf-382	57	46	shares	share	NOUN
gujaf-382	57	47	in	in	ADP
gujaf-382	57	48	the	the	DET
gujaf-382	57	49	capital	capital	NOUN
gujaf-382	57	50	market	market	NOUN
gujaf-382	57	51	.	.	PUNCT
gujaf-382	58	1	gusau	gusau	ADJ
gujaf-382	58	2	journal	journal	PROPN
gujaf-382	58	3	of	of	ADP
gujaf-382	58	4	accounting	accounting	NOUN
gujaf-382	58	5	and	and	CCONJ
gujaf-382	58	6	finance	finance	NOUN
gujaf-382	58	7	,	,	PUNCT
gujaf-382	58	8	vol.6	vol.6	PROPN
gujaf-382	58	9	,	,	PUNCT
gujaf-382	58	10	issue	issue	NOUN
gujaf-382	58	11	1	1	NUM
gujaf-382	58	12	,	,	PUNCT
gujaf-382	58	13	april	april	PROPN
gujaf-382	58	14	,	,	PUNCT
gujaf-382	58	15	2025	2025	NUM
gujaf-382	58	16	244	244	NUM
gujaf-382	58	17	review	review	NOUN
gujaf-382	58	18	of	of	ADP
gujaf-382	58	19	empirical	empirical	ADJ
gujaf-382	58	20	studies	study	NOUN
gujaf-382	58	21	in	in	ADP
gujaf-382	58	22	their	their	PRON
gujaf-382	58	23	investigation	investigation	NOUN
gujaf-382	58	24	spanning	span	VERB
gujaf-382	58	25	the	the	DET
gujaf-382	58	26	years	year	NOUN
gujaf-382	58	27	2007	2007	NUM
gujaf-382	58	28	to	to	ADP
gujaf-382	58	29	2016	2016	NUM
gujaf-382	58	30	,	,	PUNCT
gujaf-382	58	31	zhang	zhang	PROPN
gujaf-382	58	32	and	and	CCONJ
gujaf-382	58	33	zhou	zhou	PROPN
gujaf-382	58	34	(	(	PUNCT
gujaf-382	58	35	2020	2020	NUM
gujaf-382	58	36	)	)	PUNCT
gujaf-382	58	37	explored	explore	VERB
gujaf-382	58	38	the	the	DET
gujaf-382	58	39	impact	impact	NOUN
gujaf-382	58	40	of	of	ADP
gujaf-382	58	41	debt	debt	NOUN
gujaf-382	58	42	on	on	ADP
gujaf-382	58	43	stock	stock	NOUN
gujaf-382	58	44	prices	price	NOUN
gujaf-382	58	45	,	,	PUNCT
gujaf-382	58	46	employing	employ	VERB
gujaf-382	58	47	quantile	quantile	ADJ
gujaf-382	58	48	regression	regression	NOUN
gujaf-382	58	49	and	and	CCONJ
gujaf-382	58	50	institutional	institutional	ADJ
gujaf-382	58	51	ownership	ownership	NOUN
gujaf-382	58	52	data	datum	NOUN
gujaf-382	58	53	from	from	ADP
gujaf-382	58	54	accounting	account	VERB
gujaf-382	58	55	research	research	NOUN
gujaf-382	58	56	databases	database	NOUN
gujaf-382	58	57	and	and	CCONJ
gujaf-382	58	58	the	the	DET
gujaf-382	58	59	china	china	PROPN
gujaf-382	58	60	stock	stock	NOUN
gujaf-382	58	61	market	market	NOUN
gujaf-382	58	62	.	.	PUNCT
gujaf-382	59	1	their	their	PRON
gujaf-382	59	2	findings	finding	NOUN
gujaf-382	59	3	revealed	reveal	VERB
gujaf-382	59	4	that	that	SCONJ
gujaf-382	59	5	both	both	CCONJ
gujaf-382	59	6	financial	financial	ADJ
gujaf-382	59	7	and	and	CCONJ
gujaf-382	59	8	operational	operational	ADJ
gujaf-382	59	9	leverage	leverage	NOUN
gujaf-382	59	10	exerted	exert	VERB
gujaf-382	59	11	a	a	DET
gujaf-382	59	12	detrimental	detrimental	ADJ
gujaf-382	59	13	influence	influence	NOUN
gujaf-382	59	14	on	on	ADP
gujaf-382	59	15	stock	stock	NOUN
gujaf-382	59	16	price	price	NOUN
gujaf-382	59	17	synchronization	synchronization	NOUN
gujaf-382	59	18	.	.	PUNCT
gujaf-382	60	1	notably	notably	ADV
gujaf-382	60	2	,	,	PUNCT
gujaf-382	60	3	a	a	DET
gujaf-382	60	4	higher	high	ADJ
gujaf-382	60	5	level	level	NOUN
gujaf-382	60	6	of	of	ADP
gujaf-382	60	7	stock	stock	NOUN
gujaf-382	60	8	price	price	NOUN
gujaf-382	60	9	synchrony	synchrony	NOUN
gujaf-382	60	10	was	be	AUX
gujaf-382	60	11	associated	associate	VERB
gujaf-382	60	12	with	with	ADP
gujaf-382	60	13	a	a	DET
gujaf-382	60	14	more	more	ADV
gujaf-382	60	15	significant	significant	ADJ
gujaf-382	60	16	impact	impact	NOUN
gujaf-382	60	17	on	on	ADP
gujaf-382	60	18	stock	stock	NOUN
gujaf-382	60	19	prices	price	NOUN
gujaf-382	60	20	.	.	PUNCT
gujaf-382	61	1	juwita	juwita	PROPN
gujaf-382	61	2	and	and	CCONJ
gujaf-382	61	3	diana	diana	PROPN
gujaf-382	61	4	(	(	PUNCT
gujaf-382	61	5	2020	2020	NUM
gujaf-382	61	6	)	)	PUNCT
gujaf-382	61	7	focused	focus	VERB
gujaf-382	61	8	on	on	ADP
gujaf-382	61	9	the	the	DET
gujaf-382	61	10	relationship	relationship	NOUN
gujaf-382	61	11	between	between	ADP
gujaf-382	61	12	leverage	leverage	NOUN
gujaf-382	61	13	,	,	PUNCT
gujaf-382	61	14	equity	equity	NOUN
gujaf-382	61	15	,	,	PUNCT
gujaf-382	61	16	and	and	CCONJ
gujaf-382	61	17	share	share	NOUN
gujaf-382	61	18	prices	price	NOUN
gujaf-382	61	19	in	in	ADP
gujaf-382	61	20	the	the	DET
gujaf-382	61	21	jakarta	jakarta	PROPN
gujaf-382	61	22	islamic	islamic	PROPN
gujaf-382	61	23	index	index	NOUN
gujaf-382	61	24	companies	company	NOUN
gujaf-382	61	25	from	from	ADP
gujaf-382	61	26	2015	2015	NUM
gujaf-382	61	27	to	to	ADP
gujaf-382	61	28	2019	2019	NUM
gujaf-382	61	29	.	.	PUNCT
gujaf-382	62	1	utilizing	utilize	VERB
gujaf-382	62	2	a	a	DET
gujaf-382	62	3	quantitative	quantitative	ADJ
gujaf-382	62	4	approach	approach	NOUN
gujaf-382	62	5	and	and	CCONJ
gujaf-382	62	6	multiple	multiple	ADJ
gujaf-382	62	7	linear	linear	ADJ
gujaf-382	62	8	regression	regression	NOUN
gujaf-382	62	9	analysis	analysis	NOUN
gujaf-382	62	10	,	,	PUNCT
gujaf-382	62	11	their	their	PRON
gujaf-382	62	12	research	research	NOUN
gujaf-382	62	13	underscored	underscore	VERB
gujaf-382	62	14	that	that	SCONJ
gujaf-382	62	15	while	while	SCONJ
gujaf-382	62	16	leverage	leverage	NOUN
gujaf-382	62	17	had	have	VERB
gujaf-382	62	18	no	no	DET
gujaf-382	62	19	discernible	discernible	ADJ
gujaf-382	62	20	impact	impact	NOUN
gujaf-382	62	21	on	on	ADP
gujaf-382	62	22	the	the	DET
gujaf-382	62	23	stock	stock	NOUN
gujaf-382	62	24	market	market	NOUN
gujaf-382	62	25	,	,	PUNCT
gujaf-382	62	26	return	return	VERB
gujaf-382	62	27	on	on	ADP
gujaf-382	62	28	equity	equity	NOUN
gujaf-382	62	29	did	do	AUX
gujaf-382	62	30	exhibit	exhibit	VERB
gujaf-382	62	31	influence	influence	NOUN
gujaf-382	62	32	.	.	PUNCT
gujaf-382	63	1	however	however	ADV
gujaf-382	63	2	,	,	PUNCT
gujaf-382	63	3	they	they	PRON
gujaf-382	63	4	emphasized	emphasize	VERB
gujaf-382	63	5	the	the	DET
gujaf-382	63	6	need	need	NOUN
gujaf-382	63	7	for	for	ADP
gujaf-382	63	8	a	a	DET
gujaf-382	63	9	larger	large	ADJ
gujaf-382	63	10	sample	sample	NOUN
gujaf-382	63	11	size	size	NOUN
gujaf-382	63	12	to	to	PART
gujaf-382	63	13	enhance	enhance	VERB
gujaf-382	63	14	the	the	DET
gujaf-382	63	15	reliability	reliability	NOUN
gujaf-382	63	16	of	of	ADP
gujaf-382	63	17	their	their	PRON
gujaf-382	63	18	results	result	NOUN
gujaf-382	63	19	.	.	PUNCT
gujaf-382	64	1	examining	examine	VERB
gujaf-382	64	2	the	the	DET
gujaf-382	64	3	interplay	interplay	NOUN
gujaf-382	64	4	between	between	ADP
gujaf-382	64	5	capital	capital	NOUN
gujaf-382	64	6	structure	structure	NOUN
gujaf-382	64	7	and	and	CCONJ
gujaf-382	64	8	company	company	NOUN
gujaf-382	64	9	value	value	NOUN
gujaf-382	64	10	,	,	PUNCT
gujaf-382	64	11	subagyo	subagyo	NOUN
gujaf-382	64	12	(	(	PUNCT
gujaf-382	64	13	2020	2020	NUM
gujaf-382	64	14	)	)	PUNCT
gujaf-382	64	15	considered	consider	VERB
gujaf-382	64	16	the	the	DET
gujaf-382	64	17	impact	impact	NOUN
gujaf-382	64	18	of	of	ADP
gujaf-382	64	19	debt	debt	NOUN
gujaf-382	64	20	on	on	ADP
gujaf-382	64	21	stock	stock	NOUN
gujaf-382	64	22	prices	price	NOUN
gujaf-382	64	23	for	for	ADP
gujaf-382	64	24	manufacturing	manufacturing	NOUN
gujaf-382	64	25	businesses	business	NOUN
gujaf-382	64	26	listed	list	VERB
gujaf-382	64	27	from	from	ADP
gujaf-382	64	28	2015	2015	NUM
gujaf-382	64	29	to	to	ADP
gujaf-382	64	30	2018	2018	NUM
gujaf-382	64	31	on	on	ADP
gujaf-382	64	32	the	the	DET
gujaf-382	64	33	indonesia	indonesia	PROPN
gujaf-382	64	34	stock	stock	PROPN
gujaf-382	64	35	exchange	exchange	PROPN
gujaf-382	64	36	.	.	PUNCT
gujaf-382	65	1	employing	employ	VERB
gujaf-382	65	2	subgroup	subgroup	NOUN
gujaf-382	65	3	moderation	moderation	NOUN
gujaf-382	65	4	,	,	PUNCT
gujaf-382	65	5	the	the	DET
gujaf-382	65	6	study	study	NOUN
gujaf-382	65	7	uncovered	uncover	VERB
gujaf-382	65	8	a	a	DET
gujaf-382	65	9	positive	positive	ADJ
gujaf-382	65	10	effect	effect	NOUN
gujaf-382	65	11	of	of	ADP
gujaf-382	65	12	capital	capital	NOUN
gujaf-382	65	13	structure	structure	NOUN
gujaf-382	65	14	on	on	ADP
gujaf-382	65	15	firm	firm	ADJ
gujaf-382	65	16	values	value	NOUN
gujaf-382	65	17	,	,	PUNCT
gujaf-382	65	18	highlighting	highlight	VERB
gujaf-382	65	19	the	the	DET
gujaf-382	65	20	intricate	intricate	ADJ
gujaf-382	65	21	nature	nature	NOUN
gujaf-382	65	22	of	of	ADP
gujaf-382	65	23	the	the	DET
gujaf-382	65	24	link	link	NOUN
gujaf-382	65	25	between	between	ADP
gujaf-382	65	26	debt	debt	NOUN
gujaf-382	65	27	and	and	CCONJ
gujaf-382	65	28	corporate	corporate	ADJ
gujaf-382	65	29	value	value	NOUN
gujaf-382	65	30	,	,	PUNCT
gujaf-382	65	31	dependent	dependent	ADJ
gujaf-382	65	32	on	on	ADP
gujaf-382	65	33	the	the	DET
gujaf-382	65	34	organization	organization	NOUN
gujaf-382	65	35	's	's	PART
gujaf-382	65	36	future	future	ADJ
gujaf-382	65	37	potential	potential	NOUN
gujaf-382	65	38	.	.	PUNCT
gujaf-382	66	1	similarly	similarly	ADV
gujaf-382	66	2	,	,	PUNCT
gujaf-382	66	3	suhadak	suhadak	PROPN
gujaf-382	66	4	et	et	PROPN
gujaf-382	66	5	al	al	PROPN
gujaf-382	66	6	.	.	PROPN
gujaf-382	67	1	(	(	PUNCT
gujaf-382	67	2	2019	2019	NUM
gujaf-382	67	3	)	)	PUNCT
gujaf-382	67	4	delved	delve	VERB
gujaf-382	67	5	into	into	ADP
gujaf-382	67	6	the	the	DET
gujaf-382	67	7	effect	effect	NOUN
gujaf-382	67	8	of	of	ADP
gujaf-382	67	9	debt	debt	NOUN
gujaf-382	67	10	on	on	ADP
gujaf-382	67	11	stock	stock	NOUN
gujaf-382	67	12	prices	price	NOUN
gujaf-382	67	13	by	by	ADP
gujaf-382	67	14	contrasting	contrast	VERB
gujaf-382	67	15	their	their	PRON
gujaf-382	67	16	results	result	NOUN
gujaf-382	67	17	with	with	ADP
gujaf-382	67	18	sales	sale	NOUN
gujaf-382	67	19	growth	growth	NOUN
gujaf-382	67	20	,	,	PUNCT
gujaf-382	67	21	return	return	VERB
gujaf-382	67	22	on	on	ADP
gujaf-382	67	23	equity	equity	NOUN
gujaf-382	67	24	,	,	PUNCT
gujaf-382	67	25	cash	cash	NOUN
gujaf-382	67	26	ratio	ratio	NOUN
gujaf-382	67	27	,	,	PUNCT
gujaf-382	67	28	and	and	CCONJ
gujaf-382	67	29	debt	debt	NOUN
gujaf-382	67	30	-	-	PUNCT
gujaf-382	67	31	to	to	ADP
gujaf-382	67	32	-	-	PUNCT
gujaf-382	67	33	equity	equity	NOUN
gujaf-382	67	34	ratio	ratio	NOUN
gujaf-382	67	35	.	.	PUNCT
gujaf-382	68	1	utilizing	utilize	VERB
gujaf-382	68	2	a	a	DET
gujaf-382	68	3	purposive	purposive	ADJ
gujaf-382	68	4	sample	sample	NOUN
gujaf-382	68	5	of	of	ADP
gujaf-382	68	6	manufacturing	manufacture	VERB
gujaf-382	68	7	companies	company	NOUN
gujaf-382	68	8	on	on	ADP
gujaf-382	68	9	the	the	DET
gujaf-382	68	10	indonesia	indonesia	PROPN
gujaf-382	68	11	stock	stock	PROPN
gujaf-382	68	12	exchange	exchange	PROPN
gujaf-382	68	13	,	,	PUNCT
gujaf-382	68	14	the	the	DET
gujaf-382	68	15	research	research	NOUN
gujaf-382	68	16	found	find	VERB
gujaf-382	68	17	that	that	SCONJ
gujaf-382	68	18	the	the	DET
gujaf-382	68	19	selected	select	VERB
gujaf-382	68	20	characteristics	characteristic	NOUN
gujaf-382	68	21	could	could	AUX
gujaf-382	68	22	only	only	ADV
gujaf-382	68	23	explain	explain	VERB
gujaf-382	68	24	4.84	4.84	NUM
gujaf-382	68	25	%	%	NOUN
gujaf-382	68	26	of	of	ADP
gujaf-382	68	27	the	the	DET
gujaf-382	68	28	volatility	volatility	NOUN
gujaf-382	68	29	in	in	ADP
gujaf-382	68	30	stock	stock	NOUN
gujaf-382	68	31	prices	price	NOUN
gujaf-382	68	32	,	,	PUNCT
gujaf-382	68	33	with	with	ADP
gujaf-382	68	34	sales	sale	NOUN
gujaf-382	68	35	growth	growth	NOUN
gujaf-382	68	36	emerging	emerge	VERB
gujaf-382	68	37	as	as	ADP
gujaf-382	68	38	the	the	DET
gujaf-382	68	39	sole	sole	ADJ
gujaf-382	68	40	significant	significant	ADJ
gujaf-382	68	41	positive	positive	ADJ
gujaf-382	68	42	influence	influence	NOUN
gujaf-382	68	43	.	.	PUNCT
gujaf-382	69	1	the	the	DET
gujaf-382	69	2	study	study	NOUN
gujaf-382	69	3	concluded	conclude	VERB
gujaf-382	69	4	that	that	SCONJ
gujaf-382	69	5	achieving	achieve	VERB
gujaf-382	69	6	more	more	ADV
gujaf-382	69	7	substantial	substantial	ADJ
gujaf-382	69	8	results	result	NOUN
gujaf-382	69	9	would	would	AUX
gujaf-382	69	10	necessitate	necessitate	VERB
gujaf-382	69	11	a	a	DET
gujaf-382	69	12	longer	long	ADJ
gujaf-382	69	13	time	time	NOUN
gujaf-382	69	14	span	span	NOUN
gujaf-382	69	15	.	.	PUNCT
gujaf-382	70	1	in	in	ADP
gujaf-382	70	2	a	a	DET
gujaf-382	70	3	study	study	NOUN
gujaf-382	70	4	spanning	span	VERB
gujaf-382	70	5	the	the	DET
gujaf-382	70	6	years	year	NOUN
gujaf-382	70	7	2011	2011	NUM
gujaf-382	70	8	to	to	ADP
gujaf-382	70	9	2015	2015	NUM
gujaf-382	70	10	on	on	ADP
gujaf-382	70	11	the	the	DET
gujaf-382	70	12	amman	amman	PROPN
gujaf-382	70	13	stock	stock	PROPN
gujaf-382	70	14	exchange	exchange	PROPN
gujaf-382	70	15	,	,	PUNCT
gujaf-382	70	16	al	al	PROPN
gujaf-382	70	17	qaisi	qaisi	PROPN
gujaf-382	70	18	(	(	PUNCT
gujaf-382	70	19	2016	2016	NUM
gujaf-382	70	20	)	)	PUNCT
gujaf-382	70	21	investigated	investigate	VERB
gujaf-382	70	22	the	the	DET
gujaf-382	70	23	impact	impact	NOUN
gujaf-382	70	24	of	of	ADP
gujaf-382	70	25	company	company	NOUN
gujaf-382	70	26	age	age	NOUN
gujaf-382	70	27	,	,	PUNCT
gujaf-382	70	28	leverage	leverage	NOUN
gujaf-382	70	29	,	,	PUNCT
gujaf-382	70	30	and	and	CCONJ
gujaf-382	70	31	return	return	VERB
gujaf-382	70	32	on	on	ADP
gujaf-382	70	33	equity	equity	NOUN
gujaf-382	70	34	on	on	ADP
gujaf-382	70	35	market	market	NOUN
gujaf-382	70	36	stock	stock	NOUN
gujaf-382	70	37	prices	price	NOUN
gujaf-382	70	38	of	of	ADP
gujaf-382	70	39	insurance	insurance	NOUN
gujaf-382	70	40	companies	company	NOUN
gujaf-382	70	41	.	.	PUNCT
gujaf-382	71	1	employing	employ	VERB
gujaf-382	71	2	multiple	multiple	ADJ
gujaf-382	71	3	linear	linear	ADJ
gujaf-382	71	4	regression	regression	NOUN
gujaf-382	71	5	and	and	CCONJ
gujaf-382	71	6	a	a	DET
gujaf-382	71	7	sample	sample	NOUN
gujaf-382	71	8	of	of	ADP
gujaf-382	71	9	20	20	NUM
gujaf-382	71	10	insurance	insurance	NOUN
gujaf-382	71	11	businesses	business	NOUN
gujaf-382	71	12	,	,	PUNCT
gujaf-382	71	13	the	the	DET
gujaf-382	71	14	study	study	NOUN
gujaf-382	71	15	revealed	reveal	VERB
gujaf-382	71	16	a	a	DET
gujaf-382	71	17	strong	strong	ADJ
gujaf-382	71	18	association	association	NOUN
gujaf-382	71	19	between	between	ADP
gujaf-382	71	20	market	market	NOUN
gujaf-382	71	21	stock	stock	NOUN
gujaf-382	71	22	prices	price	NOUN
gujaf-382	71	23	and	and	CCONJ
gujaf-382	71	24	return	return	VERB
gujaf-382	71	25	on	on	ADP
gujaf-382	71	26	assets	asset	NOUN
gujaf-382	71	27	,	,	PUNCT
gujaf-382	71	28	leverage	leverage	NOUN
gujaf-382	71	29	,	,	PUNCT
gujaf-382	71	30	company	company	NOUN
gujaf-382	71	31	size	size	NOUN
gujaf-382	71	32	,	,	PUNCT
gujaf-382	71	33	and	and	CCONJ
gujaf-382	71	34	firm	firm	ADJ
gujaf-382	71	35	age	age	NOUN
gujaf-382	71	36	.	.	PUNCT
gujaf-382	72	1	however	however	ADV
gujaf-382	72	2	,	,	PUNCT
gujaf-382	72	3	no	no	DET
gujaf-382	72	4	apparent	apparent	ADJ
gujaf-382	72	5	relationship	relationship	NOUN
gujaf-382	72	6	was	be	AUX
gujaf-382	72	7	observed	observe	VERB
gujaf-382	72	8	between	between	ADP
gujaf-382	72	9	market	market	NOUN
gujaf-382	72	10	stock	stock	NOUN
gujaf-382	72	11	prices	price	NOUN
gujaf-382	72	12	and	and	CCONJ
gujaf-382	72	13	return	return	VERB
gujaf-382	72	14	on	on	ADP
gujaf-382	72	15	equity	equity	NOUN
gujaf-382	72	16	.	.	PUNCT
gujaf-382	73	1	the	the	DET
gujaf-382	73	2	study	study	NOUN
gujaf-382	73	3	acknowledged	acknowledge	VERB
gujaf-382	73	4	the	the	DET
gujaf-382	73	5	five	five	NUM
gujaf-382	73	6	-	-	PUNCT
gujaf-382	73	7	year	year	NOUN
gujaf-382	73	8	span	span	NOUN
gujaf-382	73	9	as	as	ADP
gujaf-382	73	10	one	one	NUM
gujaf-382	73	11	of	of	ADP
gujaf-382	73	12	its	its	PRON
gujaf-382	73	13	limitations	limitation	NOUN
gujaf-382	73	14	.	.	PUNCT
gujaf-382	74	1	hence	hence	ADV
gujaf-382	74	2	,	,	PUNCT
gujaf-382	74	3	based	base	VERB
gujaf-382	74	4	on	on	ADP
gujaf-382	74	5	the	the	DET
gujaf-382	74	6	review	review	NOUN
gujaf-382	74	7	of	of	ADP
gujaf-382	74	8	the	the	DET
gujaf-382	74	9	empirical	empirical	ADJ
gujaf-382	74	10	studies	study	NOUN
gujaf-382	74	11	,	,	PUNCT
gujaf-382	74	12	the	the	DET
gujaf-382	74	13	study	study	NOUN
gujaf-382	74	14	hypothesizes	hypothesize	VERB
gujaf-382	74	15	that	that	SCONJ
gujaf-382	74	16	:	:	PUNCT
gujaf-382	74	17	ho1	ho1	NOUN
gujaf-382	74	18	:	:	PUNCT
gujaf-382	74	19	leverage	leverage	NOUN
gujaf-382	74	20	has	have	VERB
gujaf-382	74	21	no	no	DET
gujaf-382	74	22	significant	significant	ADJ
gujaf-382	74	23	effect	effect	NOUN
gujaf-382	74	24	on	on	ADP
gujaf-382	74	25	the	the	DET
gujaf-382	74	26	share	share	NOUN
gujaf-382	74	27	price	price	NOUN
gujaf-382	74	28	of	of	ADP
gujaf-382	74	29	listed	list	VERB
gujaf-382	74	30	financial	financial	ADJ
gujaf-382	74	31	service	service	NOUN
gujaf-382	74	32	firms	firm	NOUN
gujaf-382	74	33	in	in	ADP
gujaf-382	74	34	nigeria	nigeria	PROPN
gujaf-382	74	35	dividend	dividend	NOUN
gujaf-382	74	36	policy	policy	NOUN
gujaf-382	74	37	and	and	CCONJ
gujaf-382	74	38	stock	stock	NOUN
gujaf-382	74	39	price	price	NOUN
gujaf-382	74	40	in	in	ADP
gujaf-382	74	41	lavanya	lavanya	NOUN
gujaf-382	74	42	's	's	PART
gujaf-382	74	43	(	(	PUNCT
gujaf-382	74	44	2021	2021	NUM
gujaf-382	74	45	)	)	PUNCT
gujaf-382	74	46	study	study	NOUN
gujaf-382	74	47	examining	examine	VERB
gujaf-382	74	48	the	the	DET
gujaf-382	74	49	relationship	relationship	NOUN
gujaf-382	74	50	between	between	ADP
gujaf-382	74	51	dividend	dividend	NOUN
gujaf-382	74	52	policy	policy	NOUN
gujaf-382	74	53	and	and	CCONJ
gujaf-382	74	54	stock	stock	NOUN
gujaf-382	74	55	prices	price	NOUN
gujaf-382	74	56	of	of	ADP
gujaf-382	74	57	16	16	NUM
gujaf-382	74	58	bombay	bombay	PROPN
gujaf-382	74	59	stock	stock	PROPN
gujaf-382	74	60	exchange	exchange	NOUN
gujaf-382	74	61	-	-	PUNCT
gujaf-382	74	62	listed	list	VERB
gujaf-382	74	63	companies	company	NOUN
gujaf-382	74	64	,	,	PUNCT
gujaf-382	74	65	the	the	DET
gujaf-382	74	66	absence	absence	NOUN
gujaf-382	74	67	of	of	ADP
gujaf-382	74	68	a	a	DET
gujaf-382	74	69	significant	significant	ADJ
gujaf-382	74	70	correlation	correlation	NOUN
gujaf-382	74	71	at	at	ADP
gujaf-382	74	72	a	a	DET
gujaf-382	74	73	5	5	NUM
gujaf-382	74	74	%	%	NOUN
gujaf-382	74	75	significance	significance	NOUN
gujaf-382	74	76	level	level	NOUN
gujaf-382	74	77	underscored	underscore	VERB
gujaf-382	74	78	the	the	DET
gujaf-382	74	79	complexity	complexity	NOUN
gujaf-382	74	80	of	of	ADP
gujaf-382	74	81	this	this	DET
gujaf-382	74	82	association	association	NOUN
gujaf-382	74	83	.	.	PUNCT
gujaf-382	75	1	sudibyo	sudibyo	PROPN
gujaf-382	75	2	's	's	PART
gujaf-382	75	3	(	(	PUNCT
gujaf-382	75	4	2021	2021	NUM
gujaf-382	75	5	)	)	PUNCT
gujaf-382	75	6	research	research	NOUN
gujaf-382	75	7	on	on	ADP
gujaf-382	75	8	the	the	DET
gujaf-382	75	9	impacts	impact	NOUN
gujaf-382	75	10	of	of	ADP
gujaf-382	75	11	leverage	leverage	NOUN
gujaf-382	75	12	,	,	PUNCT
gujaf-382	75	13	earnings	earning	NOUN
gujaf-382	75	14	per	per	ADP
gujaf-382	75	15	share	share	NOUN
gujaf-382	75	16	(	(	PUNCT
gujaf-382	75	17	eps	eps	PROPN
gujaf-382	75	18	)	)	PUNCT
gujaf-382	75	19	,	,	PUNCT
gujaf-382	75	20	and	and	CCONJ
gujaf-382	75	21	stock	stock	NOUN
gujaf-382	75	22	prices	price	NOUN
gujaf-382	75	23	,	,	PUNCT
gujaf-382	75	24	considering	consider	VERB
gujaf-382	75	25	dividend	dividend	NOUN
gujaf-382	75	26	policies	policy	NOUN
gujaf-382	75	27	,	,	PUNCT
gujaf-382	75	28	found	find	VERB
gujaf-382	75	29	no	no	DET
gujaf-382	75	30	substantial	substantial	ADJ
gujaf-382	75	31	effects	effect	NOUN
gujaf-382	75	32	of	of	ADP
gujaf-382	75	33	the	the	DET
gujaf-382	75	34	debt	debt	NOUN
gujaf-382	75	35	/	/	SYM
gujaf-382	75	36	equity	equity	NOUN
gujaf-382	75	37	ratio	ratio	NOUN
gujaf-382	75	38	variable	variable	NOUN
gujaf-382	75	39	on	on	ADP
gujaf-382	75	40	stock	stock	NOUN
gujaf-382	75	41	prices	price	NOUN
gujaf-382	75	42	.	.	PUNCT
gujaf-382	76	1	however	however	ADV
gujaf-382	76	2	,	,	PUNCT
gujaf-382	76	3	a	a	DET
gujaf-382	76	4	noteworthy	noteworthy	ADJ
gujaf-382	76	5	influence	influence	NOUN
gujaf-382	76	6	of	of	ADP
gujaf-382	76	7	dividend	dividend	NOUN
gujaf-382	76	8	payout	payout	NOUN
gujaf-382	76	9	rate	rate	NOUN
gujaf-382	76	10	on	on	ADP
gujaf-382	76	11	stock	stock	NOUN
gujaf-382	76	12	prices	price	NOUN
gujaf-382	76	13	was	be	AUX
gujaf-382	76	14	observed	observe	VERB
gujaf-382	76	15	,	,	PUNCT
gujaf-382	76	16	emphasizing	emphasize	VERB
gujaf-382	76	17	the	the	DET
gujaf-382	76	18	multifaceted	multifaceted	ADJ
gujaf-382	76	19	nature	nature	NOUN
gujaf-382	76	20	of	of	ADP
gujaf-382	76	21	these	these	DET
gujaf-382	76	22	dynamics	dynamic	NOUN
gujaf-382	76	23	.	.	PUNCT
gujaf-382	77	1	gusau	gusau	PROPN
gujaf-382	77	2	journal	journal	PROPN
gujaf-382	77	3	of	of	ADP
gujaf-382	77	4	accounting	accounting	NOUN
gujaf-382	77	5	and	and	CCONJ
gujaf-382	77	6	finance	finance	NOUN
gujaf-382	77	7	,	,	PUNCT
gujaf-382	77	8	vol.6	vol.6	PROPN
gujaf-382	77	9	,	,	PUNCT
gujaf-382	77	10	issue	issue	NOUN
gujaf-382	77	11	1	1	NUM
gujaf-382	77	12	,	,	PUNCT
gujaf-382	77	13	april	april	PROPN
gujaf-382	77	14	,	,	PUNCT
gujaf-382	77	15	2025	2025	NUM
gujaf-382	77	16	245	245	NUM
gujaf-382	77	17	farooq	farooq	PROPN
gujaf-382	77	18	et	et	PROPN
gujaf-382	77	19	al	al	PROPN
gujaf-382	77	20	.	.	PROPN
gujaf-382	77	21	's	's	PART
gujaf-382	77	22	(	(	PUNCT
gujaf-382	77	23	2021	2021	NUM
gujaf-382	77	24	)	)	PUNCT
gujaf-382	77	25	investigation	investigation	NOUN
gujaf-382	77	26	into	into	ADP
gujaf-382	77	27	the	the	DET
gujaf-382	77	28	effects	effect	NOUN
gujaf-382	77	29	of	of	ADP
gujaf-382	77	30	dividend	dividend	NOUN
gujaf-382	77	31	policies	policy	NOUN
gujaf-382	77	32	on	on	ADP
gujaf-382	77	33	stock	stock	NOUN
gujaf-382	77	34	prices	price	NOUN
gujaf-382	77	35	in	in	ADP
gujaf-382	77	36	the	the	DET
gujaf-382	77	37	mena	mena	PROPN
gujaf-382	77	38	area	area	PROPN
gujaf-382	77	39	concluded	conclude	VERB
gujaf-382	77	40	that	that	SCONJ
gujaf-382	77	41	dividend	dividend	NOUN
gujaf-382	77	42	-	-	PUNCT
gujaf-382	77	43	paying	pay	VERB
gujaf-382	77	44	companies	company	NOUN
gujaf-382	77	45	had	have	VERB
gujaf-382	77	46	significantly	significantly	ADV
gujaf-382	77	47	lower	low	ADJ
gujaf-382	77	48	risks	risk	NOUN
gujaf-382	77	49	of	of	ADP
gujaf-382	77	50	losing	lose	VERB
gujaf-382	77	51	stock	stock	NOUN
gujaf-382	77	52	prices	price	NOUN
gujaf-382	77	53	,	,	PUNCT
gujaf-382	77	54	indicating	indicate	VERB
gujaf-382	77	55	a	a	DET
gujaf-382	77	56	potential	potential	ADJ
gujaf-382	77	57	risk	risk	NOUN
gujaf-382	77	58	mitigation	mitigation	NOUN
gujaf-382	77	59	role	role	NOUN
gujaf-382	77	60	of	of	ADP
gujaf-382	77	61	dividends	dividend	NOUN
gujaf-382	77	62	.	.	PUNCT
gujaf-382	78	1	in	in	ADP
gujaf-382	78	2	contrast	contrast	NOUN
gujaf-382	78	3	,	,	PUNCT
gujaf-382	78	4	olawale	olawale	NOUN
gujaf-382	78	5	and	and	CCONJ
gujaf-382	78	6	ilo	ilo	PROPN
gujaf-382	78	7	's	's	PART
gujaf-382	78	8	(	(	PUNCT
gujaf-382	78	9	2021	2021	NUM
gujaf-382	78	10	)	)	PUNCT
gujaf-382	78	11	examination	examination	NOUN
gujaf-382	78	12	of	of	ADP
gujaf-382	78	13	the	the	DET
gujaf-382	78	14	impact	impact	NOUN
gujaf-382	78	15	of	of	ADP
gujaf-382	78	16	dividend	dividend	NOUN
gujaf-382	78	17	policy	policy	NOUN
gujaf-382	78	18	on	on	ADP
gujaf-382	78	19	the	the	DET
gujaf-382	78	20	valuation	valuation	NOUN
gujaf-382	78	21	of	of	ADP
gujaf-382	78	22	common	common	ADJ
gujaf-382	78	23	stocks	stock	NOUN
gujaf-382	78	24	listed	list	VERB
gujaf-382	78	25	on	on	ADP
gujaf-382	78	26	the	the	DET
gujaf-382	78	27	nigeria	nigeria	PROPN
gujaf-382	78	28	exchange	exchange	PROPN
gujaf-382	78	29	revealed	reveal	VERB
gujaf-382	78	30	a	a	DET
gujaf-382	78	31	significant	significant	ADJ
gujaf-382	78	32	positive	positive	ADJ
gujaf-382	78	33	correlation	correlation	NOUN
gujaf-382	78	34	between	between	ADP
gujaf-382	78	35	stock	stock	NOUN
gujaf-382	78	36	prices	price	NOUN
gujaf-382	78	37	and	and	CCONJ
gujaf-382	78	38	size	size	NOUN
gujaf-382	78	39	and	and	CCONJ
gujaf-382	78	40	earnings	earning	NOUN
gujaf-382	78	41	per	per	ADP
gujaf-382	78	42	share	share	NOUN
gujaf-382	78	43	(	(	PUNCT
gujaf-382	78	44	eps	eps	PROPN
gujaf-382	78	45	)	)	PUNCT
gujaf-382	78	46	.	.	PUNCT
gujaf-382	79	1	the	the	DET
gujaf-382	79	2	study	study	NOUN
gujaf-382	79	3	also	also	ADV
gujaf-382	79	4	highlighted	highlight	VERB
gujaf-382	79	5	the	the	DET
gujaf-382	79	6	nuanced	nuanced	ADJ
gujaf-382	79	7	influence	influence	NOUN
gujaf-382	79	8	of	of	ADP
gujaf-382	79	9	factors	factor	NOUN
gujaf-382	79	10	such	such	ADJ
gujaf-382	79	11	as	as	ADP
gujaf-382	79	12	payout	payout	ADJ
gujaf-382	79	13	ratio	ratio	NOUN
gujaf-382	79	14	,	,	PUNCT
gujaf-382	79	15	leverage	leverage	NOUN
gujaf-382	79	16	,	,	PUNCT
gujaf-382	79	17	and	and	CCONJ
gujaf-382	79	18	market	market	NOUN
gujaf-382	79	19	-	-	PUNCT
gujaf-382	79	20	to	to	ADP
gujaf-382	79	21	-	-	PUNCT
gujaf-382	79	22	book	book	NOUN
gujaf-382	79	23	value	value	NOUN
gujaf-382	79	24	.	.	PUNCT
gujaf-382	80	1	akib	akib	NOUN
gujaf-382	80	2	et	et	PROPN
gujaf-382	80	3	al	al	PROPN
gujaf-382	80	4	.	.	PROPN
gujaf-382	80	5	(	(	PUNCT
gujaf-382	80	6	2020	2020	NUM
gujaf-382	80	7	)	)	PUNCT
gujaf-382	80	8	explored	explore	VERB
gujaf-382	80	9	the	the	DET
gujaf-382	80	10	impact	impact	NOUN
gujaf-382	80	11	of	of	ADP
gujaf-382	80	12	dividend	dividend	NOUN
gujaf-382	80	13	strategy	strategy	NOUN
gujaf-382	80	14	,	,	PUNCT
gujaf-382	80	15	business	business	NOUN
gujaf-382	80	16	valuation	valuation	NOUN
gujaf-382	80	17	,	,	PUNCT
gujaf-382	80	18	and	and	CCONJ
gujaf-382	80	19	capital	capital	NOUN
gujaf-382	80	20	structure	structure	NOUN
gujaf-382	80	21	on	on	ADP
gujaf-382	80	22	stock	stock	NOUN
gujaf-382	80	23	market	market	NOUN
gujaf-382	80	24	prices	price	NOUN
gujaf-382	80	25	,	,	PUNCT
gujaf-382	80	26	finding	find	VERB
gujaf-382	80	27	positive	positive	ADJ
gujaf-382	80	28	relationships	relationship	NOUN
gujaf-382	80	29	between	between	ADP
gujaf-382	80	30	dividend	dividend	NOUN
gujaf-382	80	31	policy	policy	NOUN
gujaf-382	80	32	and	and	CCONJ
gujaf-382	80	33	stock	stock	NOUN
gujaf-382	80	34	price	price	NOUN
gujaf-382	80	35	.	.	PUNCT
gujaf-382	81	1	suwanhirunkul	suwanhirunkul	NOUN
gujaf-382	81	2	and	and	CCONJ
gujaf-382	81	3	masih	masih	PROPN
gujaf-382	81	4	's	's	PART
gujaf-382	81	5	(	(	PUNCT
gujaf-382	81	6	2019	2019	NUM
gujaf-382	81	7	)	)	PUNCT
gujaf-382	81	8	research	research	NOUN
gujaf-382	81	9	on	on	ADP
gujaf-382	81	10	dividend	dividend	NOUN
gujaf-382	81	11	policy	policy	NOUN
gujaf-382	81	12	and	and	CCONJ
gujaf-382	81	13	stock	stock	NOUN
gujaf-382	81	14	price	price	NOUN
gujaf-382	81	15	volatility	volatility	NOUN
gujaf-382	81	16	in	in	ADP
gujaf-382	81	17	the	the	DET
gujaf-382	81	18	dow	dow	PROPN
gujaf-382	81	19	jones	jones	PROPN
gujaf-382	81	20	u.s	u.s	PROPN
gujaf-382	81	21	.	.	PROPN
gujaf-382	81	22	index	index	NOUN
gujaf-382	81	23	and	and	CCONJ
gujaf-382	81	24	dow	dow	PROPN
gujaf-382	81	25	jones	jones	PROPN
gujaf-382	81	26	islamic	islamic	PROPN
gujaf-382	81	27	u.s	u.s	PROPN
gujaf-382	81	28	.	.	PROPN
gujaf-382	81	29	index	index	NOUN
gujaf-382	81	30	indicated	indicate	VERB
gujaf-382	81	31	a	a	DET
gujaf-382	81	32	declining	decline	VERB
gujaf-382	81	33	overall	overall	ADJ
gujaf-382	81	34	importance	importance	NOUN
gujaf-382	81	35	of	of	ADP
gujaf-382	81	36	dividend	dividend	NOUN
gujaf-382	81	37	policies	policy	NOUN
gujaf-382	81	38	in	in	ADP
gujaf-382	81	39	contributing	contribute	VERB
gujaf-382	81	40	to	to	ADP
gujaf-382	81	41	stock	stock	NOUN
gujaf-382	81	42	price	price	NOUN
gujaf-382	81	43	volatility	volatility	NOUN
gujaf-382	81	44	.	.	PUNCT
gujaf-382	82	1	araoye	araoye	NOUN
gujaf-382	82	2	et	et	PROPN
gujaf-382	82	3	al	al	PROPN
gujaf-382	82	4	.	.	PROPN
gujaf-382	83	1	(	(	PUNCT
gujaf-382	83	2	2019	2019	NUM
gujaf-382	83	3	)	)	PUNCT
gujaf-382	83	4	examined	examine	VERB
gujaf-382	83	5	the	the	DET
gujaf-382	83	6	connection	connection	NOUN
gujaf-382	83	7	between	between	ADP
gujaf-382	83	8	dividend	dividend	NOUN
gujaf-382	83	9	policy	policy	NOUN
gujaf-382	83	10	and	and	CCONJ
gujaf-382	83	11	stock	stock	NOUN
gujaf-382	83	12	price	price	NOUN
gujaf-382	83	13	volatility	volatility	NOUN
gujaf-382	83	14	in	in	ADP
gujaf-382	83	15	the	the	DET
gujaf-382	83	16	nigerian	nigerian	ADJ
gujaf-382	83	17	stock	stock	NOUN
gujaf-382	83	18	market	market	NOUN
gujaf-382	83	19	,	,	PUNCT
gujaf-382	83	20	with	with	ADP
gujaf-382	83	21	dividends	dividend	NOUN
gujaf-382	83	22	per	per	ADP
gujaf-382	83	23	share	share	NOUN
gujaf-382	83	24	emerging	emerge	VERB
gujaf-382	83	25	as	as	ADP
gujaf-382	83	26	a	a	DET
gujaf-382	83	27	significant	significant	ADJ
gujaf-382	83	28	determinant	determinant	NOUN
gujaf-382	83	29	of	of	ADP
gujaf-382	83	30	share	share	NOUN
gujaf-382	83	31	price	price	NOUN
gujaf-382	83	32	volatility	volatility	NOUN
gujaf-382	83	33	.	.	PUNCT
gujaf-382	84	1	these	these	DET
gujaf-382	84	2	studies	study	NOUN
gujaf-382	84	3	collectively	collectively	ADV
gujaf-382	84	4	highlight	highlight	VERB
gujaf-382	84	5	the	the	DET
gujaf-382	84	6	intricate	intricate	ADJ
gujaf-382	84	7	nature	nature	NOUN
gujaf-382	84	8	of	of	ADP
gujaf-382	84	9	the	the	DET
gujaf-382	84	10	relationship	relationship	NOUN
gujaf-382	84	11	between	between	ADP
gujaf-382	84	12	dividend	dividend	NOUN
gujaf-382	84	13	policy	policy	NOUN
gujaf-382	84	14	and	and	CCONJ
gujaf-382	84	15	stock	stock	NOUN
gujaf-382	84	16	prices	price	NOUN
gujaf-382	84	17	,	,	PUNCT
gujaf-382	84	18	considering	consider	VERB
gujaf-382	84	19	various	various	ADJ
gujaf-382	84	20	contextual	contextual	ADJ
gujaf-382	84	21	factors	factor	NOUN
gujaf-382	84	22	and	and	CCONJ
gujaf-382	84	23	emphasizing	emphasize	VERB
gujaf-382	84	24	the	the	DET
gujaf-382	84	25	need	need	NOUN
gujaf-382	84	26	for	for	ADP
gujaf-382	84	27	nuanced	nuanced	ADJ
gujaf-382	84	28	analyses	analysis	NOUN
gujaf-382	84	29	in	in	ADP
gujaf-382	84	30	diverse	diverse	ADJ
gujaf-382	84	31	market	market	NOUN
gujaf-382	84	32	settings	setting	NOUN
gujaf-382	84	33	.	.	PUNCT
gujaf-382	85	1	because	because	SCONJ
gujaf-382	85	2	the	the	DET
gujaf-382	85	3	study	study	NOUN
gujaf-382	85	4	was	be	AUX
gujaf-382	85	5	performed	perform	VERB
gujaf-382	85	6	between	between	ADP
gujaf-382	85	7	2005	2005	NUM
gujaf-382	85	8	and	and	CCONJ
gujaf-382	85	9	2014	2014	NUM
gujaf-382	85	10	,	,	PUNCT
gujaf-382	85	11	changes	change	NOUN
gujaf-382	85	12	have	have	AUX
gujaf-382	85	13	likely	likely	ADV
gujaf-382	85	14	occurred	occur	VERB
gujaf-382	85	15	,	,	PUNCT
gujaf-382	85	16	necessitating	necessitate	VERB
gujaf-382	85	17	further	further	ADJ
gujaf-382	85	18	research	research	NOUN
gujaf-382	85	19	.	.	PUNCT
gujaf-382	86	1	hence	hence	ADV
gujaf-382	86	2	,	,	PUNCT
gujaf-382	86	3	based	base	VERB
gujaf-382	86	4	on	on	ADP
gujaf-382	86	5	the	the	DET
gujaf-382	86	6	review	review	NOUN
gujaf-382	86	7	of	of	ADP
gujaf-382	86	8	the	the	DET
gujaf-382	86	9	empirical	empirical	ADJ
gujaf-382	86	10	studies	study	NOUN
gujaf-382	86	11	,	,	PUNCT
gujaf-382	86	12	the	the	DET
gujaf-382	86	13	study	study	NOUN
gujaf-382	86	14	hypothesizes	hypothesize	VERB
gujaf-382	86	15	that	that	SCONJ
gujaf-382	86	16	:	:	PUNCT
gujaf-382	86	17	ho2	ho2	NOUN
gujaf-382	86	18	:	:	PUNCT
gujaf-382	86	19	dividend	dividend	NOUN
gujaf-382	86	20	policy	policy	NOUN
gujaf-382	86	21	has	have	VERB
gujaf-382	86	22	no	no	DET
gujaf-382	86	23	significant	significant	ADJ
gujaf-382	86	24	effect	effect	NOUN
gujaf-382	86	25	on	on	ADP
gujaf-382	86	26	the	the	DET
gujaf-382	86	27	share	share	NOUN
gujaf-382	86	28	price	price	NOUN
gujaf-382	86	29	of	of	ADP
gujaf-382	86	30	listed	list	VERB
gujaf-382	86	31	financial	financial	ADJ
gujaf-382	86	32	service	service	NOUN
gujaf-382	86	33	firms	firm	NOUN
gujaf-382	86	34	in	in	ADP
gujaf-382	86	35	nigeria	nigeria	PROPN
gujaf-382	86	36	theoretical	theoretical	ADJ
gujaf-382	86	37	framework	framework	NOUN
gujaf-382	86	38	signaling	signal	VERB
gujaf-382	86	39	/	/	SYM
gujaf-382	86	40	information	information	NOUN
gujaf-382	86	41	asymmetry	asymmetry	NOUN
gujaf-382	86	42	theory	theory	NOUN
gujaf-382	86	43	,	,	PUNCT
gujaf-382	86	44	introduced	introduce	VERB
gujaf-382	86	45	by	by	ADP
gujaf-382	86	46	spence	spence	NOUN
gujaf-382	86	47	in	in	ADP
gujaf-382	86	48	the	the	DET
gujaf-382	86	49	early	early	ADJ
gujaf-382	86	50	1970s	1970	NOUN
gujaf-382	86	51	and	and	CCONJ
gujaf-382	86	52	applied	apply	VERB
gujaf-382	86	53	to	to	ADP
gujaf-382	86	54	finance	finance	NOUN
gujaf-382	86	55	in	in	ADP
gujaf-382	86	56	the	the	DET
gujaf-382	86	57	1980s	1980s	NUM
gujaf-382	86	58	,	,	PUNCT
gujaf-382	86	59	plays	play	VERB
gujaf-382	86	60	a	a	DET
gujaf-382	86	61	pivotal	pivotal	ADJ
gujaf-382	86	62	role	role	NOUN
gujaf-382	86	63	in	in	ADP
gujaf-382	86	64	understanding	understand	VERB
gujaf-382	86	65	the	the	DET
gujaf-382	86	66	complexities	complexity	NOUN
gujaf-382	86	67	of	of	ADP
gujaf-382	86	68	stock	stock	NOUN
gujaf-382	86	69	prices	price	NOUN
gujaf-382	86	70	.	.	PUNCT
gujaf-382	87	1	it	it	PRON
gujaf-382	87	2	involves	involve	VERB
gujaf-382	87	3	signals	signal	NOUN
gujaf-382	87	4	generated	generate	VERB
gujaf-382	87	5	by	by	ADP
gujaf-382	87	6	management	management	NOUN
gujaf-382	87	7	policies	policy	NOUN
gujaf-382	87	8	,	,	PUNCT
gujaf-382	87	9	including	include	VERB
gujaf-382	87	10	those	those	PRON
gujaf-382	87	11	related	relate	VERB
gujaf-382	87	12	to	to	ADP
gujaf-382	87	13	financing	financing	NOUN
gujaf-382	87	14	,	,	PUNCT
gujaf-382	87	15	dividends	dividend	NOUN
gujaf-382	87	16	,	,	PUNCT
gujaf-382	87	17	and	and	CCONJ
gujaf-382	87	18	leverage	leverage	NOUN
gujaf-382	87	19	,	,	PUNCT
gujaf-382	87	20	aiming	aim	VERB
gujaf-382	87	21	to	to	PART
gujaf-382	87	22	inform	inform	VERB
gujaf-382	87	23	potential	potential	ADJ
gujaf-382	87	24	investors	investor	NOUN
gujaf-382	87	25	about	about	ADP
gujaf-382	87	26	the	the	DET
gujaf-382	87	27	company	company	NOUN
gujaf-382	87	28	's	's	PART
gujaf-382	87	29	prospects	prospect	NOUN
gujaf-382	87	30	.	.	PUNCT
gujaf-382	88	1	the	the	DET
gujaf-382	88	2	theory	theory	NOUN
gujaf-382	88	3	assumes	assume	VERB
gujaf-382	88	4	that	that	SCONJ
gujaf-382	88	5	managers	manager	NOUN
gujaf-382	88	6	,	,	PUNCT
gujaf-382	88	7	possessing	possess	VERB
gujaf-382	88	8	information	information	NOUN
gujaf-382	88	9	not	not	PART
gujaf-382	88	10	available	available	ADJ
gujaf-382	88	11	to	to	ADP
gujaf-382	88	12	investors	investor	NOUN
gujaf-382	88	13	,	,	PUNCT
gujaf-382	88	14	use	use	VERB
gujaf-382	88	15	these	these	DET
gujaf-382	88	16	signals	signal	NOUN
gujaf-382	88	17	to	to	PART
gujaf-382	88	18	convey	convey	VERB
gujaf-382	88	19	the	the	DET
gujaf-382	88	20	firm	firm	NOUN
gujaf-382	88	21	's	's	PART
gujaf-382	88	22	value	value	NOUN
gujaf-382	88	23	,	,	PUNCT
gujaf-382	88	24	considering	consider	VERB
gujaf-382	88	25	the	the	DET
gujaf-382	88	26	existence	existence	NOUN
gujaf-382	88	27	of	of	ADP
gujaf-382	88	28	asymmetric	asymmetric	ADJ
gujaf-382	88	29	information	information	NOUN
gujaf-382	88	30	.	.	PUNCT
gujaf-382	89	1	while	while	SCONJ
gujaf-382	89	2	agency	agency	NOUN
gujaf-382	89	3	theory	theory	NOUN
gujaf-382	89	4	and	and	CCONJ
gujaf-382	89	5	stakeholder	stakeholder	NOUN
gujaf-382	89	6	theory	theory	NOUN
gujaf-382	89	7	have	have	VERB
gujaf-382	89	8	limitations	limitation	NOUN
gujaf-382	89	9	in	in	ADP
gujaf-382	89	10	addressing	address	VERB
gujaf-382	89	11	market	market	NOUN
gujaf-382	89	12	failures	failure	NOUN
gujaf-382	89	13	,	,	PUNCT
gujaf-382	89	14	signaling	signal	VERB
gujaf-382	89	15	theory	theory	NOUN
gujaf-382	89	16	emerges	emerge	VERB
gujaf-382	89	17	as	as	ADP
gujaf-382	89	18	a	a	DET
gujaf-382	89	19	suitable	suitable	ADJ
gujaf-382	89	20	framework	framework	NOUN
gujaf-382	89	21	for	for	ADP
gujaf-382	89	22	this	this	DET
gujaf-382	89	23	study	study	NOUN
gujaf-382	89	24	.	.	PUNCT
gujaf-382	90	1	researchers	researcher	NOUN
gujaf-382	90	2	like	like	ADP
gujaf-382	90	3	bhattacharya	bhattacharya	PROPN
gujaf-382	90	4	(	(	PUNCT
gujaf-382	90	5	1979	1979	NUM
gujaf-382	90	6	)	)	PUNCT
gujaf-382	90	7	,	,	PUNCT
gujaf-382	90	8	myers	myer	NOUN
gujaf-382	90	9	and	and	CCONJ
gujaf-382	90	10	majluf	majluf	PROPN
gujaf-382	90	11	(	(	PUNCT
gujaf-382	90	12	1984	1984	NUM
gujaf-382	90	13	)	)	PUNCT
gujaf-382	90	14	,	,	PUNCT
gujaf-382	90	15	and	and	CCONJ
gujaf-382	90	16	miller	miller	NOUN
gujaf-382	90	17	and	and	CCONJ
gujaf-382	90	18	rock	rock	NOUN
gujaf-382	90	19	(	(	PUNCT
gujaf-382	90	20	1985	1985	NUM
gujaf-382	90	21	)	)	PUNCT
gujaf-382	90	22	have	have	AUX
gujaf-382	90	23	explored	explore	VERB
gujaf-382	90	24	the	the	DET
gujaf-382	90	25	role	role	NOUN
gujaf-382	90	26	of	of	ADP
gujaf-382	90	27	signaling	signal	VERB
gujaf-382	90	28	in	in	ADP
gujaf-382	90	29	dividend	dividend	NOUN
gujaf-382	90	30	policy	policy	NOUN
gujaf-382	90	31	,	,	PUNCT
gujaf-382	90	32	emphasizing	emphasize	VERB
gujaf-382	90	33	the	the	DET
gujaf-382	90	34	information	information	NOUN
gujaf-382	90	35	conveyed	convey	VERB
gujaf-382	90	36	to	to	ADP
gujaf-382	90	37	the	the	DET
gujaf-382	90	38	market	market	NOUN
gujaf-382	90	39	about	about	ADP
gujaf-382	90	40	a	a	DET
gujaf-382	90	41	firm	firm	NOUN
gujaf-382	90	42	's	's	PART
gujaf-382	90	43	future	future	ADJ
gujaf-382	90	44	prospects	prospect	NOUN
gujaf-382	90	45	.	.	PUNCT
gujaf-382	91	1	the	the	DET
gujaf-382	91	2	theory	theory	NOUN
gujaf-382	91	3	extends	extend	VERB
gujaf-382	91	4	to	to	ADP
gujaf-382	91	5	the	the	DET
gujaf-382	91	6	dividend	dividend	NOUN
gujaf-382	91	7	-	-	PUNCT
gujaf-382	91	8	taxed	tax	VERB
gujaf-382	91	9	signaling	signaling	NOUN
gujaf-382	91	10	model	model	NOUN
gujaf-382	91	11	(	(	PUNCT
gujaf-382	91	12	john	john	PROPN
gujaf-382	91	13	&	&	CCONJ
gujaf-382	91	14	williams	williams	PROPN
gujaf-382	91	15	,	,	PUNCT
gujaf-382	91	16	1985	1985	NUM
gujaf-382	91	17	)	)	PUNCT
gujaf-382	91	18	,	,	PUNCT
gujaf-382	91	19	highlighting	highlight	VERB
gujaf-382	91	20	the	the	DET
gujaf-382	91	21	strategic	strategic	ADJ
gujaf-382	91	22	use	use	NOUN
gujaf-382	91	23	of	of	ADP
gujaf-382	91	24	dividends	dividend	NOUN
gujaf-382	91	25	to	to	PART
gujaf-382	91	26	signal	signal	VERB
gujaf-382	91	27	undervaluation	undervaluation	NOUN
gujaf-382	91	28	and	and	CCONJ
gujaf-382	91	29	attract	attract	VERB
gujaf-382	91	30	investors	investor	NOUN
gujaf-382	91	31	.	.	PUNCT
gujaf-382	92	1	additionally	additionally	ADV
gujaf-382	92	2	,	,	PUNCT
gujaf-382	92	3	leverage	leverage	NOUN
gujaf-382	92	4	is	be	AUX
gujaf-382	92	5	considered	consider	VERB
gujaf-382	92	6	a	a	DET
gujaf-382	92	7	signal	signal	NOUN
gujaf-382	92	8	of	of	ADP
gujaf-382	92	9	positive	positive	ADJ
gujaf-382	92	10	changes	change	NOUN
gujaf-382	92	11	and	and	CCONJ
gujaf-382	92	12	progress	progress	NOUN
gujaf-382	92	13	,	,	PUNCT
gujaf-382	92	14	enhancing	enhance	VERB
gujaf-382	92	15	transparency	transparency	NOUN
gujaf-382	92	16	and	and	CCONJ
gujaf-382	92	17	confidence	confidence	NOUN
gujaf-382	92	18	among	among	ADP
gujaf-382	92	19	stakeholders	stakeholder	NOUN
gujaf-382	92	20	(	(	PUNCT
gujaf-382	92	21	veronesi	veronesi	NOUN
gujaf-382	92	22	,	,	PUNCT
gujaf-382	92	23	2000	2000	NUM
gujaf-382	92	24	)	)	PUNCT
gujaf-382	92	25	.	.	PUNCT
gujaf-382	93	1	overall	overall	ADV
gujaf-382	93	2	,	,	PUNCT
gujaf-382	93	3	signaling	signal	VERB
gujaf-382	93	4	theory	theory	NOUN
gujaf-382	93	5	provides	provide	VERB
gujaf-382	93	6	an	an	DET
gujaf-382	93	7	intuitive	intuitive	ADJ
gujaf-382	93	8	and	and	CCONJ
gujaf-382	93	9	widely	widely	ADV
gujaf-382	93	10	used	use	VERB
gujaf-382	93	11	framework	framework	NOUN
gujaf-382	93	12	for	for	ADP
gujaf-382	93	13	understanding	understand	VERB
gujaf-382	93	14	stock	stock	NOUN
gujaf-382	93	15	prices	price	NOUN
gujaf-382	93	16	,	,	PUNCT
gujaf-382	93	17	incorporating	incorporate	VERB
gujaf-382	93	18	various	various	ADJ
gujaf-382	93	19	aspects	aspect	NOUN
gujaf-382	93	20	such	such	ADJ
gujaf-382	93	21	as	as	ADP
gujaf-382	93	22	information	information	NOUN
gujaf-382	93	23	asymmetry	asymmetry	NOUN
gujaf-382	93	24	,	,	PUNCT
gujaf-382	93	25	investor	investor	NOUN
gujaf-382	93	26	psychology	psychology	NOUN
gujaf-382	93	27	,	,	PUNCT
gujaf-382	93	28	and	and	CCONJ
gujaf-382	93	29	market	market	NOUN
gujaf-382	93	30	inefficient	inefficient	ADJ
gujaf-382	93	31	.	.	PUNCT
gujaf-382	94	1	3.0	3.0	NUM
gujaf-382	94	2	methodology	methodology	NOUN
gujaf-382	94	3	in	in	ADP
gujaf-382	94	4	brevity	brevity	NOUN
gujaf-382	94	5	,	,	PUNCT
gujaf-382	94	6	this	this	DET
gujaf-382	94	7	paper	paper	NOUN
gujaf-382	94	8	employed	employ	VERB
gujaf-382	94	9	a	a	DET
gujaf-382	94	10	correlation	correlation	NOUN
gujaf-382	94	11	research	research	NOUN
gujaf-382	94	12	design	design	NOUN
gujaf-382	94	13	to	to	PART
gujaf-382	94	14	underpin	underpin	VERB
gujaf-382	94	15	the	the	DET
gujaf-382	94	16	statistical	statistical	ADJ
gujaf-382	94	17	justifications	justification	NOUN
gujaf-382	94	18	.	.	PUNCT
gujaf-382	95	1	this	this	PRON
gujaf-382	95	2	is	be	AUX
gujaf-382	95	3	because	because	SCONJ
gujaf-382	95	4	it	it	PRON
gujaf-382	95	5	allows	allow	VERB
gujaf-382	95	6	for	for	ADP
gujaf-382	95	7	testing	testing	NOUN
gujaf-382	95	8	of	of	ADP
gujaf-382	95	9	expected	expect	VERB
gujaf-382	95	10	relationship	relationship	NOUN
gujaf-382	95	11	between	between	ADP
gujaf-382	95	12	or	or	CCONJ
gujaf-382	95	13	among	among	ADP
gujaf-382	95	14	variables	variable	NOUN
gujaf-382	95	15	and	and	CCONJ
gujaf-382	95	16	making	make	VERB
gujaf-382	95	17	prediction	prediction	NOUN
gujaf-382	95	18	regarding	regard	VERB
gujaf-382	95	19	these	these	DET
gujaf-382	95	20	relationships	relationship	NOUN
gujaf-382	95	21	.	.	PUNCT
gujaf-382	96	1	the	the	DET
gujaf-382	96	2	study	study	NOUN
gujaf-382	96	3	's	's	PART
gujaf-382	96	4	foundation	foundation	NOUN
gujaf-382	96	5	was	be	AUX
gujaf-382	96	6	established	establish	VERB
gujaf-382	96	7	on	on	ADP
gujaf-382	96	8	a	a	DET
gujaf-382	96	9	population	population	NOUN
gujaf-382	96	10	of	of	ADP
gujaf-382	96	11	43	43	NUM
gujaf-382	96	12	listed	list	VERB
gujaf-382	96	13	financial	financial	ADJ
gujaf-382	96	14	institution	institution	NOUN
gujaf-382	96	15	firms	firm	NOUN
gujaf-382	96	16	.	.	PUNCT
gujaf-382	97	1	a	a	DET
gujaf-382	97	2	comprehensive	comprehensive	ADJ
gujaf-382	97	3	census	census	NOUN
gujaf-382	97	4	sampling	sampling	NOUN
gujaf-382	97	5	technique	technique	NOUN
gujaf-382	97	6	was	be	AUX
gujaf-382	97	7	employed	employ	VERB
gujaf-382	97	8	,	,	PUNCT
gujaf-382	97	9	ensuring	ensure	VERB
gujaf-382	97	10	equitable	equitable	ADJ
gujaf-382	97	11	representation	representation	NOUN
gujaf-382	97	12	and	and	CCONJ
gujaf-382	97	13	the	the	DET
gujaf-382	97	14	inclusion	inclusion	NOUN
gujaf-382	97	15	of	of	ADP
gujaf-382	97	16	all	all	DET
gujaf-382	97	17	gusau	gusau	ADJ
gujaf-382	97	18	journal	journal	NOUN
gujaf-382	97	19	of	of	ADP
gujaf-382	97	20	accounting	accounting	NOUN
gujaf-382	97	21	and	and	CCONJ
gujaf-382	97	22	finance	finance	NOUN
gujaf-382	97	23	,	,	PUNCT
gujaf-382	97	24	vol.6	vol.6	PROPN
gujaf-382	97	25	,	,	PUNCT
gujaf-382	97	26	issue	issue	NOUN
gujaf-382	97	27	1	1	NUM
gujaf-382	97	28	,	,	PUNCT
gujaf-382	97	29	april	april	PROPN
gujaf-382	97	30	,	,	PUNCT
gujaf-382	97	31	2025	2025	NUM
gujaf-382	97	32	246	246	NUM
gujaf-382	97	33	eligible	eligible	ADJ
gujaf-382	97	34	companies	company	NOUN
gujaf-382	97	35	in	in	ADP
gujaf-382	97	36	the	the	DET
gujaf-382	97	37	study	study	NOUN
gujaf-382	97	38	.	.	PUNCT
gujaf-382	98	1	the	the	DET
gujaf-382	98	2	predefined	predefine	VERB
gujaf-382	98	3	criteria	criterion	NOUN
gujaf-382	98	4	stipulated	stipulate	VERB
gujaf-382	98	5	that	that	SCONJ
gujaf-382	98	6	the	the	DET
gujaf-382	98	7	financial	financial	ADJ
gujaf-382	98	8	institution	institution	NOUN
gujaf-382	98	9	must	must	AUX
gujaf-382	98	10	have	have	AUX
gujaf-382	98	11	been	be	AUX
gujaf-382	98	12	listed	list	VERB
gujaf-382	98	13	on	on	ADP
gujaf-382	98	14	the	the	DET
gujaf-382	98	15	nigerian	nigerian	ADJ
gujaf-382	98	16	exchange	exchange	NOUN
gujaf-382	98	17	group	group	NOUN
gujaf-382	98	18	for	for	ADP
gujaf-382	98	19	at	at	ADV
gujaf-382	98	20	least	least	ADV
gujaf-382	98	21	one	one	NUM
gujaf-382	98	22	year	year	NOUN
gujaf-382	98	23	before	before	ADP
gujaf-382	98	24	2008	2008	NUM
gujaf-382	98	25	,	,	PUNCT
gujaf-382	98	26	should	should	AUX
gujaf-382	98	27	not	not	PART
gujaf-382	98	28	have	have	AUX
gujaf-382	98	29	been	be	AUX
gujaf-382	98	30	delisted	delist	VERB
gujaf-382	98	31	during	during	ADP
gujaf-382	98	32	the	the	DET
gujaf-382	98	33	study	study	NOUN
gujaf-382	98	34	period	period	NOUN
gujaf-382	98	35	,	,	PUNCT
gujaf-382	98	36	must	must	AUX
gujaf-382	98	37	provide	provide	VERB
gujaf-382	98	38	the	the	DET
gujaf-382	98	39	necessary	necessary	ADJ
gujaf-382	98	40	data	datum	NOUN
gujaf-382	98	41	in	in	ADP
gujaf-382	98	42	its	its	PRON
gujaf-382	98	43	annual	annual	ADJ
gujaf-382	98	44	financial	financial	ADJ
gujaf-382	98	45	reports	report	NOUN
gujaf-382	98	46	for	for	ADP
gujaf-382	98	47	the	the	DET
gujaf-382	98	48	period	period	NOUN
gujaf-382	98	49	spanning	span	VERB
gujaf-382	98	50	from	from	ADP
gujaf-382	98	51	2008	2008	NUM
gujaf-382	98	52	to	to	ADP
gujaf-382	98	53	2022	2022	NUM
gujaf-382	98	54	,	,	PUNCT
gujaf-382	98	55	report	report	VERB
gujaf-382	98	56	its	its	PRON
gujaf-382	98	57	financial	financial	ADJ
gujaf-382	98	58	statements	statement	NOUN
gujaf-382	98	59	in	in	ADP
gujaf-382	98	60	naira	naira	NUM
gujaf-382	98	61	,	,	PUNCT
gujaf-382	98	62	and	and	CCONJ
gujaf-382	98	63	must	must	AUX
gujaf-382	98	64	not	not	PART
gujaf-382	98	65	have	have	AUX
gujaf-382	98	66	experienced	experience	VERB
gujaf-382	98	67	financial	financial	ADJ
gujaf-382	98	68	distress	distress	NOUN
gujaf-382	98	69	during	during	ADP
gujaf-382	98	70	the	the	DET
gujaf-382	98	71	covered	covered	ADJ
gujaf-382	98	72	period	period	NOUN
gujaf-382	98	73	.	.	PUNCT
gujaf-382	99	1	as	as	ADP
gujaf-382	99	2	a	a	DET
gujaf-382	99	3	result	result	NOUN
gujaf-382	99	4	of	of	ADP
gujaf-382	99	5	the	the	DET
gujaf-382	99	6	application	application	NOUN
gujaf-382	99	7	of	of	ADP
gujaf-382	99	8	these	these	DET
gujaf-382	99	9	specific	specific	ADJ
gujaf-382	99	10	filtering	filtering	NOUN
gujaf-382	99	11	criteria	criterion	NOUN
gujaf-382	99	12	,	,	PUNCT
gujaf-382	99	13	the	the	DET
gujaf-382	99	14	study	study	NOUN
gujaf-382	99	15	identified	identify	VERB
gujaf-382	99	16	and	and	CCONJ
gujaf-382	99	17	included	include	VERB
gujaf-382	99	18	36	36	NUM
gujaf-382	99	19	listed	list	VERB
gujaf-382	99	20	financial	financial	ADJ
gujaf-382	99	21	service	service	NOUN
gujaf-382	99	22	firms	firm	NOUN
gujaf-382	99	23	in	in	ADP
gujaf-382	99	24	nigeria	nigeria	PROPN
gujaf-382	99	25	to	to	PART
gujaf-382	99	26	form	form	VERB
gujaf-382	99	27	the	the	DET
gujaf-382	99	28	adjusted	adjusted	ADJ
gujaf-382	99	29	population	population	NOUN
gujaf-382	99	30	.	.	PUNCT
gujaf-382	100	1	the	the	DET
gujaf-382	100	2	dataset	dataset	NOUN
gujaf-382	100	3	utilized	utilize	VERB
gujaf-382	100	4	for	for	ADP
gujaf-382	100	5	this	this	DET
gujaf-382	100	6	research	research	NOUN
gujaf-382	100	7	comprises	comprise	VERB
gujaf-382	100	8	secondary	secondary	ADJ
gujaf-382	100	9	data	datum	NOUN
gujaf-382	100	10	,	,	PUNCT
gujaf-382	100	11	encompassing	encompass	VERB
gujaf-382	100	12	both	both	DET
gujaf-382	100	13	time	time	NOUN
gujaf-382	100	14	series	series	NOUN
gujaf-382	100	15	and	and	CCONJ
gujaf-382	100	16	cross	cross	ADJ
gujaf-382	100	17	-	-	ADJ
gujaf-382	100	18	sectional	sectional	ADJ
gujaf-382	100	19	data	datum	NOUN
gujaf-382	100	20	.	.	PUNCT
gujaf-382	101	1	this	this	DET
gujaf-382	101	2	data	datum	NOUN
gujaf-382	101	3	was	be	AUX
gujaf-382	101	4	extracted	extract	VERB
gujaf-382	101	5	from	from	ADP
gujaf-382	101	6	the	the	DET
gujaf-382	101	7	annual	annual	ADJ
gujaf-382	101	8	reports	report	NOUN
gujaf-382	101	9	and	and	CCONJ
gujaf-382	101	10	accounts	account	NOUN
gujaf-382	101	11	of	of	ADP
gujaf-382	101	12	the	the	DET
gujaf-382	101	13	identified	identify	VERB
gujaf-382	101	14	institutions	institution	NOUN
gujaf-382	101	15	listed	list	VERB
gujaf-382	101	16	on	on	ADP
gujaf-382	101	17	the	the	DET
gujaf-382	101	18	nigerian	nigerian	ADJ
gujaf-382	101	19	exchange	exchange	NOUN
gujaf-382	101	20	group	group	NOUN
gujaf-382	101	21	,	,	PUNCT
gujaf-382	101	22	spanning	span	VERB
gujaf-382	101	23	the	the	DET
gujaf-382	101	24	period	period	NOUN
gujaf-382	101	25	from	from	ADP
gujaf-382	101	26	2008	2008	NUM
gujaf-382	101	27	to	to	ADP
gujaf-382	101	28	2022	2022	NUM
gujaf-382	101	29	.	.	PUNCT
gujaf-382	102	1	the	the	DET
gujaf-382	102	2	data	data	NOUN
gujaf-382	102	3	analysis	analysis	NOUN
gujaf-382	102	4	employed	employ	VERB
gujaf-382	102	5	multiple	multiple	ADJ
gujaf-382	102	6	regressions	regression	NOUN
gujaf-382	102	7	on	on	ADP
gujaf-382	102	8	the	the	DET
gujaf-382	102	9	panel	panel	NOUN
gujaf-382	102	10	data	datum	NOUN
gujaf-382	102	11	,	,	PUNCT
gujaf-382	102	12	with	with	ADP
gujaf-382	102	13	additional	additional	ADJ
gujaf-382	102	14	diagnostic	diagnostic	ADJ
gujaf-382	102	15	tests	test	NOUN
gujaf-382	102	16	conducted	conduct	VERB
gujaf-382	102	17	to	to	PART
gujaf-382	102	18	ensure	ensure	VERB
gujaf-382	102	19	the	the	DET
gujaf-382	102	20	analysis	analysis	NOUN
gujaf-382	102	21	's	's	PART
gujaf-382	102	22	adherence	adherence	NOUN
gujaf-382	102	23	to	to	ADP
gujaf-382	102	24	the	the	DET
gujaf-382	102	25	best	good	ADJ
gujaf-382	102	26	linear	linear	ADJ
gujaf-382	102	27	unbiased	unbiased	ADJ
gujaf-382	102	28	estimate	estimate	NOUN
gujaf-382	102	29	(	(	PUNCT
gujaf-382	102	30	blue	blue	ADJ
gujaf-382	102	31	)	)	PUNCT
gujaf-382	102	32	principles	principle	NOUN
gujaf-382	102	33	.	.	PUNCT
gujaf-382	103	1	following	follow	VERB
gujaf-382	103	2	the	the	DET
gujaf-382	103	3	recommendations	recommendation	NOUN
gujaf-382	103	4	of	of	ADP
gujaf-382	103	5	wooldridge	wooldridge	PROPN
gujaf-382	103	6	(	(	PUNCT
gujaf-382	103	7	2012	2012	NUM
gujaf-382	103	8	)	)	PUNCT
gujaf-382	103	9	,	,	PUNCT
gujaf-382	103	10	tests	test	VERB
gujaf-382	103	11	for	for	ADP
gujaf-382	103	12	multicollinearity	multicollinearity	NOUN
gujaf-382	103	13	,	,	PUNCT
gujaf-382	103	14	autoserial	autoserial	ADJ
gujaf-382	103	15	correlation	correlation	NOUN
gujaf-382	103	16	,	,	PUNCT
gujaf-382	103	17	heteroskedasticity	heteroskedasticity	NOUN
gujaf-382	103	18	,	,	PUNCT
gujaf-382	103	19	and	and	CCONJ
gujaf-382	103	20	normality	normality	NOUN
gujaf-382	103	21	were	be	AUX
gujaf-382	103	22	conducted	conduct	VERB
gujaf-382	103	23	.	.	PUNCT
gujaf-382	104	1	the	the	DET
gujaf-382	104	2	model	model	NOUN
gujaf-382	104	3	specification	specification	NOUN
gujaf-382	104	4	used	use	VERB
gujaf-382	104	5	in	in	ADP
gujaf-382	104	6	this	this	DET
gujaf-382	104	7	study	study	NOUN
gujaf-382	104	8	was	be	AUX
gujaf-382	104	9	based	base	VERB
gujaf-382	104	10	on	on	ADP
gujaf-382	104	11	the	the	DET
gujaf-382	104	12	explanation	explanation	NOUN
gujaf-382	104	13	of	of	ADP
gujaf-382	104	14	the	the	DET
gujaf-382	104	15	relationship	relationship	NOUN
gujaf-382	104	16	between	between	ADP
gujaf-382	104	17	the	the	DET
gujaf-382	104	18	dependent	dependent	ADJ
gujaf-382	104	19	and	and	CCONJ
gujaf-382	104	20	independent	independent	ADJ
gujaf-382	104	21	variable	variable	NOUN
gujaf-382	104	22	of	of	ADP
gujaf-382	104	23	this	this	DET
gujaf-382	104	24	research	research	NOUN
gujaf-382	104	25	.	.	PUNCT
gujaf-382	105	1	therefore	therefore	ADV
gujaf-382	105	2	,	,	PUNCT
gujaf-382	105	3	the	the	DET
gujaf-382	105	4	study	study	NOUN
gujaf-382	105	5	adapted	adapt	VERB
gujaf-382	105	6	the	the	DET
gujaf-382	105	7	model	model	NOUN
gujaf-382	105	8	by	by	ADP
gujaf-382	105	9	ugwanyi	ugwanyi	PROPN
gujaf-382	105	10	and	and	CCONJ
gujaf-382	105	11	okanya	okanya	PROPN
gujaf-382	105	12	(	(	PUNCT
gujaf-382	105	13	2017	2017	NUM
gujaf-382	105	14	)	)	PUNCT
gujaf-382	105	15	,	,	PUNCT
gujaf-382	105	16	as	as	SCONJ
gujaf-382	105	17	follows	follow	VERB
gujaf-382	105	18	:	:	PUNCT
gujaf-382	105	19	spit=	spit=	NUM
gujaf-382	105	20	β1dpit	β1dpit	VERB
gujaf-382	105	21	+	+	CCONJ
gujaf-382	105	22	β2levit	β2levit	ADJ
gujaf-382	105	23	+	+	NOUN
gujaf-382	105	24	…	…	PUNCT
gujaf-382	105	25	…	…	PUNCT
gujaf-382	105	26	…	…	PUNCT
gujaf-382	105	27	…	…	PUNCT
gujaf-382	105	28	…	…	PUNCT
gujaf-382	105	29	…	…	PUNCT
gujaf-382	105	30	…	…	PUNCT
gujaf-382	105	31	…	…	PUNCT
gujaf-382	105	32	…	…	PUNCT
gujaf-382	105	33	…	…	PUNCT
gujaf-382	105	34	…	…	PUNCT
gujaf-382	105	35	…	…	PUNCT
gujaf-382	105	36	…	…	PUNCT
gujaf-382	105	37	…	…	PUNCT
gujaf-382	105	38	…	…	PUNCT
gujaf-382	105	39	…	…	PUNCT
gujaf-382	105	40	.eit	.eit	PUNCT
gujaf-382	105	41	whereas	whereas	SCONJ
gujaf-382	105	42	:	:	PUNCT
gujaf-382	105	43	sp	sp	ADP
gujaf-382	105	44	=	=	NOUN
gujaf-382	105	45	stock	stock	NOUN
gujaf-382	105	46	price	price	NOUN
gujaf-382	105	47	was	be	AUX
gujaf-382	105	48	measured	measure	VERB
gujaf-382	105	49	by	by	ADP
gujaf-382	105	50	closing	close	VERB
gujaf-382	105	51	stock	stock	NOUN
gujaf-382	105	52	price	price	NOUN
gujaf-382	105	53	on	on	ADP
gujaf-382	105	54	december	december	PROPN
gujaf-382	105	55	31	31	NUM
gujaf-382	105	56	for	for	ADP
gujaf-382	105	57	the	the	DET
gujaf-382	105	58	year	year	NOUN
gujaf-382	105	59	ended	end	VERB
gujaf-382	105	60	.	.	PUNCT
gujaf-382	106	1	dp	dp	NOUN
gujaf-382	106	2	=	=	NOUN
gujaf-382	106	3	dividend	dividend	NOUN
gujaf-382	106	4	policy	policy	NOUN
gujaf-382	106	5	was	be	AUX
gujaf-382	106	6	measured	measure	VERB
gujaf-382	106	7	by	by	ADP
gujaf-382	106	8	dummy	dummy	ADJ
gujaf-382	106	9	variable	variable	NOUN
gujaf-382	106	10	equal	equal	ADJ
gujaf-382	106	11	to	to	ADP
gujaf-382	106	12	1	1	NUM
gujaf-382	106	13	if	if	SCONJ
gujaf-382	106	14	the	the	DET
gujaf-382	106	15	dividend	dividend	NOUN
gujaf-382	106	16	is	be	AUX
gujaf-382	106	17	declared	declare	VERB
gujaf-382	106	18	and	and	CCONJ
gujaf-382	106	19	0	0	NUM
gujaf-382	106	20	otherwise	otherwise	ADV
gujaf-382	106	21	.	.	PUNCT
gujaf-382	107	1	lev	lev	NOUN
gujaf-382	107	2	=	=	PUNCT
gujaf-382	107	3	leverage	leverage	NOUN
gujaf-382	107	4	was	be	AUX
gujaf-382	107	5	measured	measure	VERB
gujaf-382	107	6	as	as	ADP
gujaf-382	107	7	ratio	ratio	NOUN
gujaf-382	107	8	of	of	ADP
gujaf-382	107	9	total	total	ADJ
gujaf-382	107	10	debt	debt	NOUN
gujaf-382	107	11	to	to	ADP
gujaf-382	107	12	total	total	ADJ
gujaf-382	107	13	asset	asset	NOUN
gujaf-382	107	14	the	the	DET
gujaf-382	107	15	measurements	measurement	NOUN
gujaf-382	107	16	of	of	ADP
gujaf-382	107	17	the	the	DET
gujaf-382	107	18	dependent	dependent	ADJ
gujaf-382	107	19	and	and	CCONJ
gujaf-382	107	20	independent	independent	ADJ
gujaf-382	107	21	variables	variable	NOUN
gujaf-382	107	22	are	be	AUX
gujaf-382	107	23	provided	provide	VERB
gujaf-382	107	24	in	in	ADP
gujaf-382	107	25	the	the	DET
gujaf-382	107	26	table	table	NOUN
gujaf-382	107	27	1	1	NUM
gujaf-382	107	28	.	.	PUNCT
gujaf-382	107	29	table	table	NOUN
gujaf-382	107	30	1	1	NUM
gujaf-382	107	31	:	:	PUNCT
gujaf-382	107	32	variables	variable	NOUN
gujaf-382	107	33	,	,	PUNCT
gujaf-382	107	34	definitions	definition	NOUN
gujaf-382	107	35	measurement	measurement	NOUN
gujaf-382	107	36	and	and	CCONJ
gujaf-382	107	37	sources	source	VERB
gujaf-382	107	38	variable	variable	ADJ
gujaf-382	107	39	definition	definition	NOUN
gujaf-382	107	40	measurement	measurement	NOUN
gujaf-382	107	41	sources	source	NOUN
gujaf-382	107	42	dependent	dependent	ADJ
gujaf-382	107	43	sp	sp	ADP
gujaf-382	107	44	share	share	NOUN
gujaf-382	107	45	price	price	NOUN
gujaf-382	107	46	closing	closing	NOUN
gujaf-382	107	47	share	share	NOUN
gujaf-382	107	48	price	price	NOUN
gujaf-382	107	49	on	on	ADP
gujaf-382	107	50	31	31	NUM
gujaf-382	107	51	december	december	PROPN
gujaf-382	107	52	year	year	NOUN
gujaf-382	107	53	ended	end	VERB
gujaf-382	107	54	abdelkarim	abdelkarim	NOUN
gujaf-382	107	55	(	(	PUNCT
gujaf-382	107	56	2014	2014	NUM
gujaf-382	107	57	)	)	PUNCT
gujaf-382	107	58	.	.	PUNCT
gujaf-382	108	1	independent	independent	ADJ
gujaf-382	108	2	lev	lev	PROPN
gujaf-382	108	3	leverage	leverage	NOUN
gujaf-382	108	4	total	total	ADJ
gujaf-382	108	5	debts	debt	NOUN
gujaf-382	108	6	to	to	ADP
gujaf-382	108	7	company	company	NOUN
gujaf-382	108	8	’s	’s	PART
gujaf-382	108	9	total	total	ADJ
gujaf-382	108	10	asset	asset	NOUN
gujaf-382	108	11	mehul	mehul	NOUN
gujaf-382	108	12	and	and	CCONJ
gujaf-382	108	13	varadjat	varadjat	ADJ
gujaf-382	108	14	(	(	PUNCT
gujaf-382	108	15	2013	2013	NUM
gujaf-382	108	16	)	)	PUNCT
gujaf-382	108	17	.	.	PUNCT
gujaf-382	109	1	dp	dp	NOUN
gujaf-382	109	2	dividend	dividend	NOUN
gujaf-382	109	3	pay	pay	VERB
gujaf-382	109	4	-	-	PUNCT
gujaf-382	109	5	out	out	ADP
gujaf-382	109	6	dummy	dummy	ADJ
gujaf-382	109	7	variable	variable	NOUN
gujaf-382	109	8	if	if	SCONJ
gujaf-382	109	9	dividend	dividend	NOUN
gujaf-382	109	10	is	be	AUX
gujaf-382	109	11	declared	declare	VERB
gujaf-382	109	12	1	1	NUM
gujaf-382	109	13	not	not	PART
gujaf-382	109	14	declared	declare	VERB
gujaf-382	109	15	0	0	NUM
gujaf-382	109	16	barros	barros	PROPN
gujaf-382	109	17	et	et	PROPN
gujaf-382	109	18	al	al	PROPN
gujaf-382	109	19	.	.	PROPN
gujaf-382	110	1	(	(	PUNCT
gujaf-382	110	2	2020	2020	NUM
gujaf-382	110	3	)	)	PUNCT
gujaf-382	110	4	.	.	PUNCT
gujaf-382	111	1	source	source	NOUN
gujaf-382	111	2	:	:	PUNCT
gujaf-382	111	3	field	field	NOUN
gujaf-382	111	4	work	work	NOUN
gujaf-382	111	5	,	,	PUNCT
gujaf-382	111	6	(	(	PUNCT
gujaf-382	111	7	2024	2024	NUM
gujaf-382	111	8	)	)	PUNCT
gujaf-382	111	9	.	.	PUNCT
gujaf-382	112	1	4.0	4.0	NUM
gujaf-382	112	2	results	result	NOUN
gujaf-382	112	3	and	and	CCONJ
gujaf-382	112	4	discussion	discussion	NOUN
gujaf-382	112	5	gusau	gusau	PROPN
gujaf-382	112	6	journal	journal	NOUN
gujaf-382	112	7	of	of	ADP
gujaf-382	112	8	accounting	accounting	NOUN
gujaf-382	112	9	and	and	CCONJ
gujaf-382	112	10	finance	finance	NOUN
gujaf-382	112	11	,	,	PUNCT
gujaf-382	112	12	vol.6	vol.6	PROPN
gujaf-382	112	13	,	,	PUNCT
gujaf-382	112	14	issue	issue	NOUN
gujaf-382	112	15	1	1	NUM
gujaf-382	112	16	,	,	PUNCT
gujaf-382	112	17	april	april	PROPN
gujaf-382	112	18	,	,	PUNCT
gujaf-382	112	19	2025	2025	NUM
gujaf-382	112	20	247	247	NUM
gujaf-382	113	1	the	the	DET
gujaf-382	113	2	data	data	NOUN
gujaf-382	113	3	presentation	presentation	NOUN
gujaf-382	113	4	,	,	PUNCT
gujaf-382	113	5	analysis	analysis	NOUN
gujaf-382	113	6	,	,	PUNCT
gujaf-382	113	7	and	and	CCONJ
gujaf-382	113	8	interpretation	interpretation	NOUN
gujaf-382	113	9	are	be	AUX
gujaf-382	113	10	presented	present	VERB
gujaf-382	113	11	in	in	ADP
gujaf-382	113	12	this	this	DET
gujaf-382	113	13	part	part	NOUN
gujaf-382	113	14	.	.	PUNCT
gujaf-382	114	1	as	as	SCONJ
gujaf-382	114	2	previously	previously	ADV
gujaf-382	114	3	mentioned	mention	VERB
gujaf-382	114	4	,	,	PUNCT
gujaf-382	114	5	the	the	DET
gujaf-382	114	6	part	part	NOUN
gujaf-382	114	7	includes	include	VERB
gujaf-382	114	8	regression	regression	NOUN
gujaf-382	114	9	analysis	analysis	NOUN
gujaf-382	114	10	,	,	PUNCT
gujaf-382	114	11	diagnostic	diagnostic	ADJ
gujaf-382	114	12	testing	testing	NOUN
gujaf-382	114	13	,	,	PUNCT
gujaf-382	114	14	testing	testing	NOUN
gujaf-382	114	15	of	of	ADP
gujaf-382	114	16	hypotheses	hypothesis	NOUN
gujaf-382	114	17	,	,	PUNCT
gujaf-382	114	18	descriptive	descriptive	ADJ
gujaf-382	114	19	analysis	analysis	NOUN
gujaf-382	114	20	,	,	PUNCT
gujaf-382	114	21	and	and	CCONJ
gujaf-382	114	22	a	a	DET
gujaf-382	114	23	discussion	discussion	NOUN
gujaf-382	114	24	of	of	ADP
gujaf-382	114	25	the	the	DET
gujaf-382	114	26	results	result	NOUN
gujaf-382	114	27	.	.	PUNCT
gujaf-382	115	1	table	table	NOUN
gujaf-382	115	2	2	2	NUM
gujaf-382	115	3	:	:	PUNCT
gujaf-382	115	4	descriptive	descriptive	ADJ
gujaf-382	115	5	statistics	statistic	NOUN
gujaf-382	115	6	result	result	VERB
gujaf-382	115	7	variable	variable	ADJ
gujaf-382	115	8	obs	obs	PROPN
gujaf-382	115	9	mean	mean	VERB
gujaf-382	115	10	std	std	PROPN
gujaf-382	115	11	.	.	PROPN
gujaf-382	116	1	dev	dev	PROPN
gujaf-382	116	2	.	.	PUNCT
gujaf-382	117	1	min	min	PROPN
gujaf-382	117	2	max	max	PROPN
gujaf-382	117	3	sp	sp	ADP
gujaf-382	117	4	540	540	NUM
gujaf-382	117	5	.2015741	.2015741	PUNCT
gujaf-382	118	1	.5646681	.5646681	PUNCT
gujaf-382	118	2	.1	.1	NUM
gujaf-382	119	1	13	13	NUM
gujaf-382	119	2	lev	lev	NOUN
gujaf-382	119	3	540	540	NUM
gujaf-382	119	4	.6818671	.6818671	NOUN
gujaf-382	119	5	.3384452	.3384452	PROPN
gujaf-382	120	1	.1221455	.1221455	PROPN
gujaf-382	120	2	2.547496	2.547496	NUM
gujaf-382	120	3	dp	dp	NOUN
gujaf-382	120	4	540	540	NUM
gujaf-382	120	5	.4296296	.4296296	NOUN
gujaf-382	120	6	.4954822	.4954822	NOUN
gujaf-382	120	7	0	0	NUM
gujaf-382	120	8	1	1	NUM
gujaf-382	120	9	source	source	NOUN
gujaf-382	120	10	:	:	PUNCT
gujaf-382	120	11	stata	stata	VERB
gujaf-382	120	12	13	13	NUM
gujaf-382	120	13	outputs	output	NOUN
gujaf-382	120	14	,	,	PUNCT
gujaf-382	120	15	(	(	PUNCT
gujaf-382	120	16	2024	2024	NUM
gujaf-382	120	17	)	)	PUNCT
gujaf-382	120	18	.	.	PUNCT
gujaf-382	121	1	from	from	ADP
gujaf-382	121	2	the	the	DET
gujaf-382	121	3	figures	figure	NOUN
gujaf-382	121	4	in	in	ADP
gujaf-382	121	5	table	table	NOUN
gujaf-382	121	6	2	2	NUM
gujaf-382	121	7	,	,	PUNCT
gujaf-382	121	8	the	the	DET
gujaf-382	121	9	number	number	NOUN
gujaf-382	121	10	of	of	ADP
gujaf-382	121	11	observations	observation	NOUN
gujaf-382	121	12	is	be	AUX
gujaf-382	121	13	540	540	NUM
gujaf-382	121	14	,	,	PUNCT
gujaf-382	121	15	which	which	PRON
gujaf-382	121	16	was	be	AUX
gujaf-382	121	17	obtained	obtain	VERB
gujaf-382	121	18	by	by	ADP
gujaf-382	121	19	multiplying	multiply	VERB
gujaf-382	121	20	the	the	DET
gujaf-382	121	21	number	number	NOUN
gujaf-382	121	22	of	of	ADP
gujaf-382	121	23	listed	list	VERB
gujaf-382	121	24	financial	financial	ADJ
gujaf-382	121	25	service	service	NOUN
gujaf-382	121	26	firms	firm	NOUN
gujaf-382	121	27	(	(	PUNCT
gujaf-382	121	28	36	36	NUM
gujaf-382	121	29	)	)	PUNCT
gujaf-382	121	30	by	by	ADP
gujaf-382	121	31	the	the	DET
gujaf-382	121	32	number	number	NOUN
gujaf-382	121	33	of	of	ADP
gujaf-382	121	34	years	year	NOUN
gujaf-382	121	35	covered	cover	VERB
gujaf-382	121	36	by	by	ADP
gujaf-382	121	37	the	the	DET
gujaf-382	121	38	study	study	NOUN
gujaf-382	121	39	(	(	PUNCT
gujaf-382	121	40	15	15	NUM
gujaf-382	121	41	)	)	PUNCT
gujaf-382	121	42	.	.	PUNCT
gujaf-382	122	1	in	in	ADP
gujaf-382	122	2	table	table	NOUN
gujaf-382	122	3	2	2	NUM
gujaf-382	122	4	,	,	PUNCT
gujaf-382	122	5	the	the	DET
gujaf-382	122	6	descriptive	descriptive	ADJ
gujaf-382	122	7	statistics	statistic	NOUN
gujaf-382	122	8	for	for	ADP
gujaf-382	122	9	share	share	NOUN
gujaf-382	122	10	prices	price	NOUN
gujaf-382	122	11	indicate	indicate	VERB
gujaf-382	122	12	an	an	DET
gujaf-382	122	13	average	average	ADJ
gujaf-382	122	14	value	value	NOUN
gujaf-382	122	15	of	of	ADP
gujaf-382	122	16	n0.2016	n0.2016	PROPN
gujaf-382	122	17	,	,	PUNCT
gujaf-382	122	18	reflecting	reflect	VERB
gujaf-382	122	19	the	the	DET
gujaf-382	122	20	central	central	ADJ
gujaf-382	122	21	tendency	tendency	NOUN
gujaf-382	122	22	of	of	ADP
gujaf-382	122	23	the	the	DET
gujaf-382	122	24	data	datum	NOUN
gujaf-382	122	25	.	.	PUNCT
gujaf-382	123	1	the	the	DET
gujaf-382	123	2	corresponding	corresponding	ADJ
gujaf-382	123	3	standard	standard	ADJ
gujaf-382	123	4	deviation	deviation	NOUN
gujaf-382	123	5	of	of	ADP
gujaf-382	123	6	n0.564	n0.564	ADJ
gujaf-382	123	7	signifies	signify	VERB
gujaf-382	123	8	a	a	DET
gujaf-382	123	9	substantial	substantial	ADJ
gujaf-382	123	10	degree	degree	NOUN
gujaf-382	123	11	of	of	ADP
gujaf-382	123	12	variability	variability	NOUN
gujaf-382	123	13	in	in	ADP
gujaf-382	123	14	share	share	NOUN
gujaf-382	123	15	prices	price	NOUN
gujaf-382	123	16	among	among	ADP
gujaf-382	123	17	the	the	DET
gujaf-382	123	18	sampled	sample	VERB
gujaf-382	123	19	listed	list	VERB
gujaf-382	123	20	financial	financial	ADJ
gujaf-382	123	21	firms	firm	NOUN
gujaf-382	123	22	.	.	PUNCT
gujaf-382	124	1	the	the	DET
gujaf-382	124	2	minimum	minimum	ADJ
gujaf-382	124	3	and	and	CCONJ
gujaf-382	124	4	maximum	maximum	ADJ
gujaf-382	124	5	values	value	NOUN
gujaf-382	124	6	of	of	ADP
gujaf-382	124	7	n0.1	n0.1	PROPN
gujaf-382	124	8	and	and	CCONJ
gujaf-382	124	9	n13	n13	NUM
gujaf-382	124	10	respectively	respectively	ADV
gujaf-382	124	11	,	,	PUNCT
gujaf-382	124	12	highlight	highlight	VERB
gujaf-382	124	13	the	the	DET
gujaf-382	124	14	wide	wide	ADJ
gujaf-382	124	15	range	range	NOUN
gujaf-382	124	16	within	within	ADP
gujaf-382	124	17	which	which	PRON
gujaf-382	124	18	share	share	NOUN
gujaf-382	124	19	prices	price	NOUN
gujaf-382	124	20	vary	vary	VERB
gujaf-382	124	21	in	in	ADP
gujaf-382	124	22	the	the	DET
gujaf-382	124	23	dataset	dataset	NOUN
gujaf-382	124	24	.	.	PUNCT
gujaf-382	125	1	this	this	DET
gujaf-382	125	2	information	information	NOUN
gujaf-382	125	3	underscores	underscore	VERB
gujaf-382	125	4	the	the	DET
gujaf-382	125	5	diversity	diversity	NOUN
gujaf-382	125	6	and	and	CCONJ
gujaf-382	125	7	dispersion	dispersion	NOUN
gujaf-382	125	8	in	in	ADP
gujaf-382	125	9	the	the	DET
gujaf-382	125	10	observed	observed	ADJ
gujaf-382	125	11	share	share	NOUN
gujaf-382	125	12	price	price	NOUN
gujaf-382	125	13	values	value	NOUN
gujaf-382	125	14	across	across	ADP
gujaf-382	125	15	the	the	DET
gujaf-382	125	16	financial	financial	ADJ
gujaf-382	125	17	firms	firm	NOUN
gujaf-382	125	18	included	include	VERB
gujaf-382	125	19	in	in	ADP
gujaf-382	125	20	the	the	DET
gujaf-382	125	21	sample	sample	NOUN
gujaf-382	125	22	.	.	PUNCT
gujaf-382	126	1	leverage	leverage	NOUN
gujaf-382	126	2	is	be	AUX
gujaf-382	126	3	characterized	characterize	VERB
gujaf-382	126	4	by	by	ADP
gujaf-382	126	5	a	a	DET
gujaf-382	126	6	mean	mean	NOUN
gujaf-382	126	7	of	of	ADP
gujaf-382	126	8	0.682	0.682	NUM
gujaf-382	126	9	and	and	CCONJ
gujaf-382	126	10	a	a	DET
gujaf-382	126	11	standard	standard	ADJ
gujaf-382	126	12	deviation	deviation	NOUN
gujaf-382	126	13	of	of	ADP
gujaf-382	126	14	0.338	0.338	NUM
gujaf-382	126	15	,	,	PUNCT
gujaf-382	126	16	as	as	SCONJ
gujaf-382	126	17	outlined	outline	VERB
gujaf-382	126	18	in	in	ADP
gujaf-382	126	19	the	the	DET
gujaf-382	126	20	analysis	analysis	NOUN
gujaf-382	126	21	.	.	PUNCT
gujaf-382	127	1	this	this	DET
gujaf-382	127	2	mean	mean	ADJ
gujaf-382	127	3	value	value	NOUN
gujaf-382	127	4	of	of	ADP
gujaf-382	127	5	0.682	0.682	NUM
gujaf-382	127	6	implies	implie	NOUN
gujaf-382	127	7	that	that	SCONJ
gujaf-382	127	8	,	,	PUNCT
gujaf-382	127	9	on	on	ADP
gujaf-382	127	10	average	average	ADJ
gujaf-382	127	11	,	,	PUNCT
gujaf-382	127	12	for	for	SCONJ
gujaf-382	127	13	every	every	DET
gujaf-382	127	14	n100	n100	PROPN
gujaf-382	127	15	used	use	VERB
gujaf-382	127	16	to	to	PART
gujaf-382	127	17	finance	finance	VERB
gujaf-382	127	18	a	a	DET
gujaf-382	127	19	firm	firm	NOUN
gujaf-382	127	20	's	's	PART
gujaf-382	127	21	business	business	NOUN
gujaf-382	127	22	activities	activity	NOUN
gujaf-382	127	23	,	,	PUNCT
gujaf-382	127	24	approximately	approximately	ADV
gujaf-382	127	25	68.2	68.2	NUM
gujaf-382	127	26	%	%	NOUN
gujaf-382	127	27	are	be	AUX
gujaf-382	127	28	sourced	source	VERB
gujaf-382	127	29	through	through	ADP
gujaf-382	127	30	debts	debt	NOUN
gujaf-382	127	31	.	.	PUNCT
gujaf-382	128	1	in	in	ADP
gujaf-382	128	2	other	other	ADJ
gujaf-382	128	3	words	word	NOUN
gujaf-382	128	4	,	,	PUNCT
gujaf-382	128	5	the	the	DET
gujaf-382	128	6	sampled	sample	VERB
gujaf-382	128	7	firms	firm	NOUN
gujaf-382	128	8	,	,	PUNCT
gujaf-382	128	9	on	on	ADP
gujaf-382	128	10	average	average	ADJ
gujaf-382	128	11	,	,	PUNCT
gujaf-382	128	12	rely	rely	VERB
gujaf-382	128	13	more	more	ADV
gujaf-382	128	14	on	on	ADP
gujaf-382	128	15	equity	equity	NOUN
gujaf-382	128	16	(	(	PUNCT
gujaf-382	128	17	about	about	ADV
gujaf-382	128	18	31.8	31.8	NUM
gujaf-382	128	19	%	%	NOUN
gujaf-382	128	20	)	)	PUNCT
gujaf-382	128	21	than	than	ADP
gujaf-382	128	22	on	on	ADP
gujaf-382	128	23	debts	debt	NOUN
gujaf-382	128	24	for	for	ADP
gujaf-382	128	25	financing	finance	VERB
gujaf-382	128	26	their	their	PRON
gujaf-382	128	27	business	business	NOUN
gujaf-382	128	28	operations	operation	NOUN
gujaf-382	128	29	.	.	PUNCT
gujaf-382	129	1	the	the	DET
gujaf-382	129	2	standard	standard	ADJ
gujaf-382	129	3	deviation	deviation	NOUN
gujaf-382	129	4	of	of	ADP
gujaf-382	129	5	0.338	0.338	NUM
gujaf-382	129	6	indicates	indicate	VERB
gujaf-382	129	7	a	a	DET
gujaf-382	129	8	moderate	moderate	ADJ
gujaf-382	129	9	level	level	NOUN
gujaf-382	129	10	of	of	ADP
gujaf-382	129	11	heterogeneity	heterogeneity	NOUN
gujaf-382	129	12	or	or	CCONJ
gujaf-382	129	13	variability	variability	NOUN
gujaf-382	129	14	in	in	ADP
gujaf-382	129	15	leverage	leverage	NOUN
gujaf-382	129	16	across	across	ADP
gujaf-382	129	17	the	the	DET
gujaf-382	129	18	sampled	sample	VERB
gujaf-382	129	19	firms	firm	NOUN
gujaf-382	129	20	.	.	PUNCT
gujaf-382	130	1	this	this	PRON
gujaf-382	130	2	suggests	suggest	VERB
gujaf-382	130	3	that	that	SCONJ
gujaf-382	130	4	there	there	PRON
gujaf-382	130	5	is	be	VERB
gujaf-382	130	6	a	a	DET
gujaf-382	130	7	notable	notable	ADJ
gujaf-382	130	8	diversity	diversity	NOUN
gujaf-382	130	9	in	in	ADP
gujaf-382	130	10	the	the	DET
gujaf-382	130	11	extent	extent	NOUN
gujaf-382	130	12	to	to	PART
gujaf-382	130	13	which	which	PRON
gujaf-382	130	14	these	these	DET
gujaf-382	130	15	firms	firm	NOUN
gujaf-382	130	16	utilize	utilize	VERB
gujaf-382	130	17	debt	debt	NOUN
gujaf-382	130	18	in	in	ADP
gujaf-382	130	19	their	their	PRON
gujaf-382	130	20	financial	financial	ADJ
gujaf-382	130	21	structures	structure	NOUN
gujaf-382	130	22	.	.	PUNCT
gujaf-382	131	1	the	the	DET
gujaf-382	131	2	range	range	NOUN
gujaf-382	131	3	between	between	ADP
gujaf-382	131	4	the	the	DET
gujaf-382	131	5	minimum	minimum	ADJ
gujaf-382	131	6	leverage	leverage	NOUN
gujaf-382	131	7	of	of	ADP
gujaf-382	131	8	12.2	12.2	NUM
gujaf-382	131	9	%	%	NOUN
gujaf-382	131	10	and	and	CCONJ
gujaf-382	131	11	the	the	DET
gujaf-382	131	12	maximum	maximum	NOUN
gujaf-382	131	13	of	of	ADP
gujaf-382	131	14	2547	2547	NUM
gujaf-382	131	15	%	%	NOUN
gujaf-382	131	16	emphasizes	emphasize	VERB
gujaf-382	131	17	the	the	DET
gujaf-382	131	18	wide	wide	ADJ
gujaf-382	131	19	spectrum	spectrum	NOUN
gujaf-382	131	20	of	of	ADP
gujaf-382	131	21	leverage	leverage	NOUN
gujaf-382	131	22	practices	practice	NOUN
gujaf-382	131	23	among	among	ADP
gujaf-382	131	24	the	the	DET
gujaf-382	131	25	sampled	sample	VERB
gujaf-382	131	26	firms	firm	NOUN
gujaf-382	131	27	.	.	PUNCT
gujaf-382	132	1	the	the	DET
gujaf-382	132	2	dividend	dividend	NOUN
gujaf-382	132	3	policy	policy	NOUN
gujaf-382	132	4	variable	variable	NOUN
gujaf-382	132	5	exhibits	exhibit	VERB
gujaf-382	132	6	an	an	DET
gujaf-382	132	7	average	average	NOUN
gujaf-382	132	8	of	of	ADP
gujaf-382	132	9	0.429	0.429	NUM
gujaf-382	132	10	,	,	PUNCT
gujaf-382	132	11	and	and	CCONJ
gujaf-382	132	12	its	its	PRON
gujaf-382	132	13	standard	standard	ADJ
gujaf-382	132	14	deviation	deviation	NOUN
gujaf-382	132	15	is	be	AUX
gujaf-382	132	16	0.495	0.495	NUM
gujaf-382	132	17	,	,	PUNCT
gujaf-382	132	18	as	as	SCONJ
gujaf-382	132	19	highlighted	highlight	VERB
gujaf-382	132	20	in	in	ADP
gujaf-382	132	21	the	the	DET
gujaf-382	132	22	analysis	analysis	NOUN
gujaf-382	132	23	.	.	PUNCT
gujaf-382	133	1	the	the	DET
gujaf-382	133	2	comparison	comparison	NOUN
gujaf-382	133	3	of	of	ADP
gujaf-382	133	4	these	these	DET
gujaf-382	133	5	two	two	NUM
gujaf-382	133	6	figures	figure	NOUN
gujaf-382	133	7	indicates	indicate	VERB
gujaf-382	133	8	that	that	SCONJ
gujaf-382	133	9	the	the	DET
gujaf-382	133	10	standard	standard	ADJ
gujaf-382	133	11	deviation	deviation	NOUN
gujaf-382	133	12	is	be	AUX
gujaf-382	133	13	higher	high	ADJ
gujaf-382	133	14	than	than	ADP
gujaf-382	133	15	the	the	DET
gujaf-382	133	16	mean	mean	NOUN
gujaf-382	133	17	,	,	PUNCT
gujaf-382	133	18	emphasizing	emphasize	VERB
gujaf-382	133	19	a	a	DET
gujaf-382	133	20	substantial	substantial	ADJ
gujaf-382	133	21	degree	degree	NOUN
gujaf-382	133	22	of	of	ADP
gujaf-382	133	23	variability	variability	NOUN
gujaf-382	133	24	in	in	ADP
gujaf-382	133	25	dividend	dividend	NOUN
gujaf-382	133	26	policies	policy	NOUN
gujaf-382	133	27	across	across	ADP
gujaf-382	133	28	the	the	DET
gujaf-382	133	29	sampled	sample	VERB
gujaf-382	133	30	listed	list	VERB
gujaf-382	133	31	firms	firm	NOUN
gujaf-382	133	32	.	.	PUNCT
gujaf-382	134	1	this	this	PRON
gujaf-382	134	2	implies	imply	VERB
gujaf-382	134	3	that	that	SCONJ
gujaf-382	134	4	there	there	PRON
gujaf-382	134	5	is	be	VERB
gujaf-382	134	6	a	a	DET
gujaf-382	134	7	significant	significant	ADJ
gujaf-382	134	8	range	range	NOUN
gujaf-382	134	9	and	and	CCONJ
gujaf-382	134	10	diversity	diversity	NOUN
gujaf-382	134	11	in	in	ADP
gujaf-382	134	12	how	how	SCONJ
gujaf-382	134	13	these	these	DET
gujaf-382	134	14	firms	firm	NOUN
gujaf-382	134	15	approach	approach	VERB
gujaf-382	134	16	and	and	CCONJ
gujaf-382	134	17	implement	implement	VERB
gujaf-382	134	18	their	their	PRON
gujaf-382	134	19	dividend	dividend	NOUN
gujaf-382	134	20	distribution	distribution	NOUN
gujaf-382	134	21	practices	practice	NOUN
gujaf-382	134	22	.	.	PUNCT
gujaf-382	135	1	additionally	additionally	ADV
gujaf-382	135	2	,	,	PUNCT
gujaf-382	135	3	the	the	DET
gujaf-382	135	4	minimum	minimum	ADJ
gujaf-382	135	5	and	and	CCONJ
gujaf-382	135	6	maximum	maximum	ADJ
gujaf-382	135	7	values	value	NOUN
gujaf-382	135	8	,	,	PUNCT
gujaf-382	135	9	dichotomously	dichotomously	ADV
gujaf-382	135	10	measured	measure	VERB
gujaf-382	135	11	as	as	ADP
gujaf-382	135	12	1	1	NUM
gujaf-382	135	13	and	and	CCONJ
gujaf-382	135	14	0	0	NUM
gujaf-382	135	15	respectively	respectively	ADV
gujaf-382	135	16	,	,	PUNCT
gujaf-382	135	17	signify	signify	VERB
gujaf-382	135	18	a	a	DET
gujaf-382	135	19	binary	binary	ADJ
gujaf-382	135	20	nature	nature	NOUN
gujaf-382	135	21	of	of	ADP
gujaf-382	135	22	the	the	DET
gujaf-382	135	23	dividend	dividend	NOUN
gujaf-382	135	24	policy	policy	NOUN
gujaf-382	135	25	variable	variable	ADJ
gujaf-382	135	26	firms	firm	NOUN
gujaf-382	135	27	either	either	CCONJ
gujaf-382	135	28	have	have	VERB
gujaf-382	135	29	a	a	DET
gujaf-382	135	30	dividend	dividend	NOUN
gujaf-382	135	31	policy	policy	NOUN
gujaf-382	135	32	(	(	PUNCT
gujaf-382	135	33	coded	code	VERB
gujaf-382	135	34	as	as	ADP
gujaf-382	135	35	1	1	NUM
gujaf-382	135	36	)	)	PUNCT
gujaf-382	135	37	or	or	CCONJ
gujaf-382	135	38	do	do	AUX
gujaf-382	135	39	not	not	PART
gujaf-382	135	40	have	have	VERB
gujaf-382	135	41	one	one	NUM
gujaf-382	135	42	(	(	PUNCT
gujaf-382	135	43	coded	code	VERB
gujaf-382	135	44	as	as	ADP
gujaf-382	135	45	0	0	NUM
gujaf-382	135	46	)	)	PUNCT
gujaf-382	135	47	.	.	PUNCT
gujaf-382	136	1	this	this	DET
gujaf-382	136	2	binary	binary	ADJ
gujaf-382	136	3	coding	coding	NOUN
gujaf-382	136	4	simplifies	simplifie	NOUN
gujaf-382	136	5	the	the	DET
gujaf-382	136	6	representation	representation	NOUN
gujaf-382	136	7	of	of	ADP
gujaf-382	136	8	the	the	DET
gujaf-382	136	9	diverse	diverse	ADJ
gujaf-382	136	10	dividend	dividend	NOUN
gujaf-382	136	11	policies	policy	NOUN
gujaf-382	136	12	observed	observe	VERB
gujaf-382	136	13	among	among	ADP
gujaf-382	136	14	the	the	DET
gujaf-382	136	15	sampled	sample	VERB
gujaf-382	136	16	firms	firm	NOUN
gujaf-382	136	17	.	.	PUNCT
gujaf-382	137	1	table	table	NOUN
gujaf-382	137	2	3	3	NUM
gujaf-382	137	3	:	:	PUNCT
gujaf-382	137	4	correlation	correlation	NOUN
gujaf-382	137	5	matrix	matrix	NOUN
gujaf-382	137	6	variables	variable	NOUN
gujaf-382	137	7	(	(	PUNCT
gujaf-382	137	8	1	1	NUM
gujaf-382	137	9	)	)	PUNCT
gujaf-382	137	10	(	(	PUNCT
gujaf-382	137	11	2	2	NUM
gujaf-382	137	12	)	)	PUNCT
gujaf-382	137	13	(	(	PUNCT
gujaf-382	137	14	3	3	X
gujaf-382	137	15	)	)	PUNCT
gujaf-382	137	16	gusau	gusau	ADJ
gujaf-382	137	17	journal	journal	NOUN
gujaf-382	137	18	of	of	ADP
gujaf-382	137	19	accounting	accounting	NOUN
gujaf-382	137	20	and	and	CCONJ
gujaf-382	137	21	finance	finance	NOUN
gujaf-382	137	22	,	,	PUNCT
gujaf-382	137	23	vol.6	vol.6	PROPN
gujaf-382	137	24	,	,	PUNCT
gujaf-382	137	25	issue	issue	NOUN
gujaf-382	137	26	1	1	NUM
gujaf-382	137	27	,	,	PUNCT
gujaf-382	137	28	april	april	PROPN
gujaf-382	137	29	,	,	PUNCT
gujaf-382	137	30	2025	2025	NUM
gujaf-382	137	31	248	248	NUM
gujaf-382	137	32	(	(	PUNCT
gujaf-382	137	33	1	1	NUM
gujaf-382	137	34	)	)	PUNCT
gujaf-382	137	35	sp	sp	ADP
gujaf-382	137	36	1.000	1.000	NUM
gujaf-382	137	37	(	(	PUNCT
gujaf-382	137	38	2	2	NUM
gujaf-382	137	39	)	)	PUNCT
gujaf-382	137	40	lev	lev	NOUN
gujaf-382	137	41	-0.600	-0.600	PROPN
gujaf-382	137	42	*	*	PROPN
gujaf-382	137	43	1.000	1.000	NUM
gujaf-382	137	44	(	(	PUNCT
gujaf-382	137	45	0.000	0.000	NUM
gujaf-382	137	46	)	)	PUNCT
gujaf-382	137	47	(	(	PUNCT
gujaf-382	137	48	3	3	X
gujaf-382	137	49	)	)	PUNCT
gujaf-382	137	50	dp	dp	NOUN
gujaf-382	137	51	0.363	0.363	NUM
gujaf-382	137	52	*	*	PUNCT
gujaf-382	137	53	-0.662	-0.662	PUNCT
gujaf-382	137	54	*	*	NOUN
gujaf-382	137	55	1.000	1.000	NUM
gujaf-382	137	56	(	(	PUNCT
gujaf-382	137	57	0.000	0.000	NUM
gujaf-382	137	58	)	)	PUNCT
gujaf-382	137	59	(	(	PUNCT
gujaf-382	137	60	0.000	0.000	NUM
gujaf-382	137	61	)	)	PUNCT
gujaf-382	138	1	*	*	PUNCT
gujaf-382	138	2	*	*	PUNCT
gujaf-382	138	3	*	*	PUNCT
gujaf-382	138	4	p<0.01	p<0.01	PROPN
gujaf-382	138	5	,	,	PUNCT
gujaf-382	138	6	*	*	PUNCT
gujaf-382	138	7	*	*	PUNCT
gujaf-382	138	8	p<0.05	p<0.05	NOUN
gujaf-382	138	9	,	,	PUNCT
gujaf-382	138	10	*	*	SYM
gujaf-382	138	11	p<0.1	p<0.1	NUM
gujaf-382	138	12	source	source	NOUN
gujaf-382	138	13	:	:	PUNCT
gujaf-382	138	14	stata	stata	VERB
gujaf-382	138	15	13	13	NUM
gujaf-382	138	16	outputs	output	NOUN
gujaf-382	138	17	,	,	PUNCT
gujaf-382	138	18	(	(	PUNCT
gujaf-382	138	19	2024	2024	NUM
gujaf-382	138	20	)	)	PUNCT
gujaf-382	138	21	.	.	PUNCT
gujaf-382	139	1	the	the	DET
gujaf-382	139	2	correlation	correlation	NOUN
gujaf-382	139	3	analysis	analysis	NOUN
gujaf-382	139	4	unveils	unveil	VERB
gujaf-382	139	5	the	the	DET
gujaf-382	139	6	relationships	relationship	NOUN
gujaf-382	139	7	among	among	ADP
gujaf-382	139	8	share	share	NOUN
gujaf-382	139	9	price	price	NOUN
gujaf-382	139	10	(	(	PUNCT
gujaf-382	139	11	sp	sp	NOUN
gujaf-382	139	12	)	)	PUNCT
gujaf-382	139	13	,	,	PUNCT
gujaf-382	139	14	leverage	leverage	NOUN
gujaf-382	139	15	(	(	PUNCT
gujaf-382	139	16	lev	lev	NOUN
gujaf-382	139	17	)	)	PUNCT
gujaf-382	139	18	,	,	PUNCT
gujaf-382	139	19	and	and	CCONJ
gujaf-382	139	20	dividend	dividend	NOUN
gujaf-382	139	21	policy	policy	NOUN
gujaf-382	139	22	(	(	PUNCT
gujaf-382	139	23	dp	dp	NOUN
gujaf-382	139	24	)	)	PUNCT
gujaf-382	139	25	.	.	PUNCT
gujaf-382	140	1	the	the	DET
gujaf-382	140	2	negative	negative	ADJ
gujaf-382	140	3	correlation	correlation	NOUN
gujaf-382	140	4	between	between	ADP
gujaf-382	140	5	sp	sp	NOUN
gujaf-382	140	6	and	and	CCONJ
gujaf-382	140	7	lev	lev	NOUN
gujaf-382	140	8	,	,	PUNCT
gujaf-382	140	9	indicated	indicate	VERB
gujaf-382	140	10	by	by	ADP
gujaf-382	140	11	a	a	DET
gujaf-382	140	12	coefficient	coefficient	NOUN
gujaf-382	140	13	of	of	ADP
gujaf-382	140	14	-0.600	-0.600	PROPN
gujaf-382	140	15	,	,	PUNCT
gujaf-382	140	16	signifies	signify	VERB
gujaf-382	140	17	that	that	SCONJ
gujaf-382	140	18	decreasing	decrease	VERB
gujaf-382	140	19	leverage	leverage	NOUN
gujaf-382	140	20	is	be	AUX
gujaf-382	140	21	associated	associate	VERB
gujaf-382	140	22	with	with	ADP
gujaf-382	140	23	an	an	DET
gujaf-382	140	24	increase	increase	NOUN
gujaf-382	140	25	in	in	ADP
gujaf-382	140	26	share	share	NOUN
gujaf-382	140	27	prices	price	NOUN
gujaf-382	140	28	.	.	PUNCT
gujaf-382	141	1	conversely	conversely	ADV
gujaf-382	141	2	,	,	PUNCT
gujaf-382	141	3	the	the	DET
gujaf-382	141	4	positive	positive	ADJ
gujaf-382	141	5	correlation	correlation	NOUN
gujaf-382	141	6	between	between	ADP
gujaf-382	141	7	sp	sp	ADP
gujaf-382	141	8	and	and	CCONJ
gujaf-382	141	9	dp	dp	PROPN
gujaf-382	141	10	(	(	PUNCT
gujaf-382	141	11	coefficient	coefficient	NOUN
gujaf-382	141	12	:	:	PUNCT
gujaf-382	141	13	0.363	0.363	NUM
gujaf-382	141	14	)	)	PUNCT
gujaf-382	141	15	suggests	suggest	VERB
gujaf-382	141	16	that	that	SCONJ
gujaf-382	141	17	firms	firm	NOUN
gujaf-382	141	18	with	with	ADP
gujaf-382	141	19	robust	robust	ADJ
gujaf-382	141	20	dividend	dividend	NOUN
gujaf-382	141	21	policies	policy	NOUN
gujaf-382	141	22	may	may	AUX
gujaf-382	141	23	witness	witness	VERB
gujaf-382	141	24	higher	high	ADJ
gujaf-382	141	25	share	share	NOUN
gujaf-382	141	26	prices	price	NOUN
gujaf-382	141	27	.	.	PUNCT
gujaf-382	142	1	furthermore	furthermore	ADV
gujaf-382	142	2	,	,	PUNCT
gujaf-382	142	3	a	a	DET
gujaf-382	142	4	substantial	substantial	ADJ
gujaf-382	142	5	negative	negative	ADJ
gujaf-382	142	6	correlation	correlation	NOUN
gujaf-382	142	7	(	(	PUNCT
gujaf-382	142	8	-0.662	-0.662	NOUN
gujaf-382	142	9	)	)	PUNCT
gujaf-382	142	10	between	between	ADP
gujaf-382	142	11	lev	lev	NOUN
gujaf-382	142	12	and	and	CCONJ
gujaf-382	142	13	dp	dp	NOUN
gujaf-382	142	14	implies	imply	VERB
gujaf-382	142	15	that	that	SCONJ
gujaf-382	142	16	as	as	SCONJ
gujaf-382	142	17	leverage	leverage	NOUN
gujaf-382	142	18	decreases	decrease	VERB
gujaf-382	142	19	,	,	PUNCT
gujaf-382	142	20	there	there	PRON
gujaf-382	142	21	tends	tend	VERB
gujaf-382	142	22	to	to	PART
gujaf-382	142	23	be	be	AUX
gujaf-382	142	24	an	an	DET
gujaf-382	142	25	increase	increase	NOUN
gujaf-382	142	26	in	in	ADP
gujaf-382	142	27	dividend	dividend	NOUN
gujaf-382	142	28	policy	policy	NOUN
gujaf-382	142	29	,	,	PUNCT
gujaf-382	142	30	and	and	CCONJ
gujaf-382	142	31	vice	vice	ADV
gujaf-382	142	32	versa	versa	ADV
gujaf-382	142	33	.	.	PUNCT
gujaf-382	143	1	all	all	DET
gujaf-382	143	2	these	these	DET
gujaf-382	143	3	correlations	correlation	NOUN
gujaf-382	143	4	are	be	AUX
gujaf-382	143	5	statistically	statistically	ADV
gujaf-382	143	6	significant	significant	ADJ
gujaf-382	143	7	at	at	ADP
gujaf-382	143	8	a	a	DET
gujaf-382	143	9	high	high	ADJ
gujaf-382	143	10	confidence	confidence	NOUN
gujaf-382	143	11	level	level	NOUN
gujaf-382	143	12	(	(	PUNCT
gujaf-382	143	13	p<0.01	p<0.01	PROPN
gujaf-382	143	14	)	)	PUNCT
gujaf-382	143	15	,	,	PUNCT
gujaf-382	143	16	reinforcing	reinforce	VERB
gujaf-382	143	17	the	the	DET
gujaf-382	143	18	robustness	robustness	NOUN
gujaf-382	143	19	of	of	ADP
gujaf-382	143	20	these	these	DET
gujaf-382	143	21	observed	observed	ADJ
gujaf-382	143	22	associations	association	NOUN
gujaf-382	143	23	.	.	PUNCT
gujaf-382	144	1	diagnostics	diagnostic	NOUN
gujaf-382	144	2	tests	test	VERB
gujaf-382	144	3	robustness	robustness	NOUN
gujaf-382	144	4	tests	test	NOUN
gujaf-382	144	5	were	be	AUX
gujaf-382	144	6	carried	carry	VERB
gujaf-382	144	7	out	out	ADP
gujaf-382	144	8	to	to	PART
gujaf-382	144	9	guarantee	guarantee	VERB
gujaf-382	144	10	the	the	DET
gujaf-382	144	11	accuracy	accuracy	NOUN
gujaf-382	144	12	and	and	CCONJ
gujaf-382	144	13	dependability	dependability	NOUN
gujaf-382	144	14	of	of	ADP
gujaf-382	144	15	the	the	DET
gujaf-382	144	16	regression	regression	NOUN
gujaf-382	144	17	model	model	NOUN
gujaf-382	144	18	's	's	PART
gujaf-382	144	19	statistical	statistical	ADJ
gujaf-382	144	20	inference	inference	NOUN
gujaf-382	144	21	.	.	PUNCT
gujaf-382	145	1	the	the	DET
gujaf-382	145	2	multicollinearity	multicollinearity	NOUN
gujaf-382	145	3	,	,	PUNCT
gujaf-382	145	4	vif	vif	NOUN
gujaf-382	145	5	,	,	PUNCT
gujaf-382	145	6	hausman	hausman	PROPN
gujaf-382	145	7	specification	specification	NOUN
gujaf-382	145	8	,	,	PUNCT
gujaf-382	145	9	autocorrelation	autocorrelation	NOUN
gujaf-382	145	10	heteroskedasticity	heteroskedasticity	NOUN
gujaf-382	145	11	,	,	PUNCT
gujaf-382	145	12	and	and	CCONJ
gujaf-382	145	13	residual	residual	ADJ
gujaf-382	145	14	normality	normality	NOUN
gujaf-382	145	15	tests	test	NOUN
gujaf-382	145	16	are	be	AUX
gujaf-382	145	17	among	among	ADP
gujaf-382	145	18	the	the	DET
gujaf-382	145	19	robustness	robustness	NOUN
gujaf-382	145	20	tests	test	NOUN
gujaf-382	145	21	carried	carry	VERB
gujaf-382	145	22	out	out	ADP
gujaf-382	145	23	.	.	PUNCT
gujaf-382	146	1	table	table	NOUN
gujaf-382	146	2	4	4	NUM
gujaf-382	146	3	:	:	PUNCT
gujaf-382	146	4	variance	variance	NOUN
gujaf-382	146	5	inflation	inflation	NOUN
gujaf-382	146	6	factor	factor	NOUN
gujaf-382	146	7	vif	vif	NOUN
gujaf-382	146	8	1	1	NUM
gujaf-382	146	9	/	/	SYM
gujaf-382	146	10	vif	vif	NOUN
gujaf-382	146	11	dp	dp	NOUN
gujaf-382	146	12	1.00	1.00	NUM
gujaf-382	146	13	0.998	0.998	NUM
gujaf-382	146	14	lev	lev	NOUN
gujaf-382	146	15	1.00	1.00	NUM
gujaf-382	146	16	0.998	0.998	NUM
gujaf-382	146	17	mean	mean	NOUN
gujaf-382	146	18	vif	vif	PROPN
gujaf-382	146	19	1.00	1.00	NUM
gujaf-382	146	20	.	.	PUNCT
gujaf-382	147	1	source	source	NOUN
gujaf-382	147	2	:	:	PUNCT
gujaf-382	147	3	stata	stata	PROPN
gujaf-382	147	4	output	output	NOUN
gujaf-382	147	5	,	,	PUNCT
gujaf-382	147	6	(	(	PUNCT
gujaf-382	147	7	2024	2024	NUM
gujaf-382	147	8	)	)	PUNCT
gujaf-382	147	9	.	.	PUNCT
gujaf-382	148	1	table	table	NOUN
gujaf-382	148	2	4	4	NUM
gujaf-382	148	3	shows	show	VERB
gujaf-382	148	4	that	that	SCONJ
gujaf-382	148	5	there	there	PRON
gujaf-382	148	6	is	be	VERB
gujaf-382	148	7	no	no	DET
gujaf-382	148	8	multicollinearity	multicollinearity	NOUN
gujaf-382	148	9	when	when	SCONJ
gujaf-382	148	10	the	the	DET
gujaf-382	148	11	variance	variance	NOUN
gujaf-382	148	12	inflation	inflation	NOUN
gujaf-382	148	13	factors	factor	NOUN
gujaf-382	148	14	continuously	continuously	ADV
gujaf-382	148	15	fall	fall	VERB
gujaf-382	148	16	below	below	ADP
gujaf-382	148	17	10	10	NUM
gujaf-382	148	18	.	.	PUNCT
gujaf-382	149	1	the	the	DET
gujaf-382	149	2	fact	fact	NOUN
gujaf-382	149	3	that	that	SCONJ
gujaf-382	149	4	the	the	DET
gujaf-382	149	5	values	value	NOUN
gujaf-382	149	6	are	be	AUX
gujaf-382	149	7	inside	inside	ADP
gujaf-382	149	8	the	the	DET
gujaf-382	149	9	permissible	permissible	ADJ
gujaf-382	149	10	range	range	NOUN
gujaf-382	149	11	of	of	ADP
gujaf-382	149	12	0	0	NUM
gujaf-382	149	13	to	to	PART
gujaf-382	149	14	10	10	NUM
gujaf-382	149	15	lends	lend	VERB
gujaf-382	149	16	credibility	credibility	NOUN
gujaf-382	149	17	to	to	ADP
gujaf-382	149	18	this	this	PRON
gujaf-382	149	19	.	.	PUNCT
gujaf-382	150	1	additionally	additionally	ADV
gujaf-382	150	2	,	,	PUNCT
gujaf-382	150	3	tolerance	tolerance	NOUN
gujaf-382	150	4	values	value	NOUN
gujaf-382	150	5	often	often	ADV
gujaf-382	150	6	exceed	exceed	VERB
gujaf-382	150	7	the	the	DET
gujaf-382	150	8	10	10	NUM
gujaf-382	150	9	%	%	NOUN
gujaf-382	150	10	cutoff	cutoff	NOUN
gujaf-382	150	11	,	,	PUNCT
gujaf-382	150	12	providing	provide	VERB
gujaf-382	150	13	further	further	ADJ
gujaf-382	150	14	evidence	evidence	NOUN
gujaf-382	150	15	that	that	SCONJ
gujaf-382	150	16	multicollinearity	multicollinearity	NOUN
gujaf-382	150	17	between	between	ADP
gujaf-382	150	18	the	the	DET
gujaf-382	150	19	independent	independent	ADJ
gujaf-382	150	20	variables	variable	NOUN
gujaf-382	150	21	does	do	AUX
gujaf-382	150	22	not	not	PART
gujaf-382	150	23	present	present	VERB
gujaf-382	150	24	(	(	PUNCT
gujaf-382	150	25	neter	neter	X
gujaf-382	150	26	et	et	PROPN
gujaf-382	150	27	al	al	PROPN
gujaf-382	150	28	.	.	PROPN
gujaf-382	150	29	,	,	PUNCT
gujaf-382	150	30	1996	1996	NUM
gujaf-382	150	31	;	;	PUNCT
gujaf-382	150	32	tabachnick	tabachnick	NOUN
gujaf-382	150	33	&	&	CCONJ
gujaf-382	150	34	fidell	fidell	PROPN
gujaf-382	150	35	,	,	PUNCT
gujaf-382	150	36	1996	1996	NUM
gujaf-382	150	37	)	)	PUNCT
gujaf-382	150	38	.	.	PUNCT
gujaf-382	151	1	the	the	DET
gujaf-382	151	2	claim	claim	NOUN
gujaf-382	151	3	that	that	SCONJ
gujaf-382	151	4	the	the	DET
gujaf-382	151	5	statistical	statistical	ADJ
gujaf-382	151	6	inferences	inference	NOUN
gujaf-382	151	7	gained	gain	VERB
gujaf-382	151	8	from	from	ADP
gujaf-382	151	9	this	this	DET
gujaf-382	151	10	research	research	NOUN
gujaf-382	151	11	are	be	AUX
gujaf-382	151	12	unaffected	unaffected	ADJ
gujaf-382	151	13	by	by	ADP
gujaf-382	151	14	the	the	DET
gujaf-382	151	15	lack	lack	NOUN
gujaf-382	151	16	of	of	ADP
gujaf-382	151	17	multicollinearity	multicollinearity	NOUN
gujaf-382	151	18	is	be	AUX
gujaf-382	151	19	highly	highly	ADV
gujaf-382	151	20	supported	support	VERB
gujaf-382	151	21	by	by	ADP
gujaf-382	151	22	these	these	DET
gujaf-382	151	23	empirical	empirical	ADJ
gujaf-382	151	24	results	result	NOUN
gujaf-382	151	25	.	.	PUNCT
gujaf-382	152	1	table	table	NOUN
gujaf-382	152	2	5	5	NUM
gujaf-382	152	3	:	:	PUNCT
gujaf-382	152	4	summary	summary	NOUN
gujaf-382	152	5	of	of	ADP
gujaf-382	152	6	post	post	NOUN
gujaf-382	152	7	estimation	estimation	NOUN
gujaf-382	152	8	test	test	NOUN
gujaf-382	152	9	tests	test	NOUN
gujaf-382	152	10	hettest	hett	ADJ
gujaf-382	153	1	autocorr	autocorr	ADJ
gujaf-382	153	2	swilk	swilk	ADJ
gujaf-382	153	3	ovtest	ovtest	PROPN
gujaf-382	153	4	chi2	chi2	PROPN
gujaf-382	153	5	5.28	5.28	NUM
gujaf-382	153	6	5.176	5.176	NUM
gujaf-382	153	7	-4.913	-4.913	NUM
gujaf-382	153	8	0.59	0.59	NUM
gujaf-382	153	9	p	p	NOUN
gujaf-382	153	10	-	-	PUNCT
gujaf-382	153	11	value	value	NOUN
gujaf-382	153	12	0.6253	0.6253	NUM
gujaf-382	153	13	0.0525	0.0525	NUM
gujaf-382	153	14	1.000	1.000	NUM
gujaf-382	153	15	0.558	0.558	NUM
gujaf-382	153	16	gusau	gusau	ADJ
gujaf-382	153	17	journal	journal	NOUN
gujaf-382	153	18	of	of	ADP
gujaf-382	153	19	accounting	accounting	NOUN
gujaf-382	153	20	and	and	CCONJ
gujaf-382	153	21	finance	finance	NOUN
gujaf-382	153	22	,	,	PUNCT
gujaf-382	153	23	vol.6	vol.6	PROPN
gujaf-382	153	24	,	,	PUNCT
gujaf-382	153	25	issue	issue	NOUN
gujaf-382	153	26	1	1	NUM
gujaf-382	153	27	,	,	PUNCT
gujaf-382	153	28	april	april	PROPN
gujaf-382	153	29	,	,	PUNCT
gujaf-382	153	30	2025	2025	NUM
gujaf-382	153	31	249	249	NUM
gujaf-382	153	32	source	source	NOUN
gujaf-382	153	33	:	:	PUNCT
gujaf-382	153	34	summary	summary	NOUN
gujaf-382	153	35	of	of	ADP
gujaf-382	153	36	stata	stata	NOUN
gujaf-382	153	37	output	output	NOUN
gujaf-382	153	38	,	,	PUNCT
gujaf-382	153	39	(	(	PUNCT
gujaf-382	153	40	2024	2024	NUM
gujaf-382	153	41	)	)	PUNCT
gujaf-382	153	42	.	.	PUNCT
gujaf-382	154	1	in	in	ADP
gujaf-382	154	2	this	this	DET
gujaf-382	154	3	research	research	NOUN
gujaf-382	154	4	,	,	PUNCT
gujaf-382	154	5	various	various	ADJ
gujaf-382	154	6	diagnostic	diagnostic	ADJ
gujaf-382	154	7	tests	test	NOUN
gujaf-382	154	8	were	be	AUX
gujaf-382	154	9	executed	execute	VERB
gujaf-382	154	10	to	to	PART
gujaf-382	154	11	evaluate	evaluate	VERB
gujaf-382	154	12	the	the	DET
gujaf-382	154	13	assumptions	assumption	NOUN
gujaf-382	154	14	and	and	CCONJ
gujaf-382	154	15	reliability	reliability	NOUN
gujaf-382	154	16	of	of	ADP
gujaf-382	154	17	the	the	DET
gujaf-382	154	18	regression	regression	NOUN
gujaf-382	154	19	model	model	NOUN
gujaf-382	154	20	.	.	PUNCT
gujaf-382	155	1	the	the	DET
gujaf-382	155	2	implementation	implementation	NOUN
gujaf-382	155	3	of	of	ADP
gujaf-382	155	4	the	the	DET
gujaf-382	155	5	breusch	breusch	ADV
gujaf-382	155	6	-	-	PUNCT
gujaf-382	155	7	pagan	pagan	ADJ
gujaf-382	155	8	test	test	NOUN
gujaf-382	155	9	to	to	PART
gujaf-382	155	10	scrutinize	scrutinize	VERB
gujaf-382	155	11	the	the	DET
gujaf-382	155	12	presence	presence	NOUN
gujaf-382	155	13	of	of	ADP
gujaf-382	155	14	heteroskedasticity	heteroskedasticity	NOUN
gujaf-382	155	15	resulted	result	VERB
gujaf-382	155	16	in	in	ADP
gujaf-382	155	17	a	a	DET
gujaf-382	155	18	chi	chi	ADJ
gujaf-382	155	19	-	-	PUNCT
gujaf-382	155	20	square	square	ADJ
gujaf-382	155	21	value	value	NOUN
gujaf-382	155	22	of	of	ADP
gujaf-382	155	23	5.28	5.28	NUM
gujaf-382	155	24	,	,	PUNCT
gujaf-382	155	25	accompanied	accompany	VERB
gujaf-382	155	26	by	by	ADP
gujaf-382	155	27	a	a	DET
gujaf-382	155	28	corresponding	corresponding	ADJ
gujaf-382	155	29	pvalue	pvalue	NOUN
gujaf-382	155	30	of	of	ADP
gujaf-382	155	31	0.6253	0.6253	NUM
gujaf-382	155	32	.	.	PUNCT
gujaf-382	156	1	the	the	DET
gujaf-382	156	2	non	non	ADJ
gujaf-382	156	3	-	-	ADJ
gujaf-382	156	4	significant	significant	ADJ
gujaf-382	156	5	p	p	NOUN
gujaf-382	156	6	-	-	PUNCT
gujaf-382	156	7	value	value	NOUN
gujaf-382	156	8	(	(	PUNCT
gujaf-382	156	9	greater	great	ADJ
gujaf-382	156	10	than	than	ADP
gujaf-382	156	11	0.05	0.05	NUM
gujaf-382	156	12	)	)	PUNCT
gujaf-382	156	13	implies	imply	VERB
gujaf-382	156	14	the	the	DET
gujaf-382	156	15	absence	absence	NOUN
gujaf-382	156	16	of	of	ADP
gujaf-382	156	17	heteroskedasticity	heteroskedasticity	NOUN
gujaf-382	156	18	,	,	PUNCT
gujaf-382	156	19	signifying	signify	VERB
gujaf-382	156	20	that	that	SCONJ
gujaf-382	156	21	the	the	DET
gujaf-382	156	22	residuals	residual	NOUN
gujaf-382	156	23	demonstrate	demonstrate	VERB
gujaf-382	156	24	homoscedasticity	homoscedasticity	NOUN
gujaf-382	156	25	.	.	PUNCT
gujaf-382	157	1	consequently	consequently	ADV
gujaf-382	157	2	,	,	PUNCT
gujaf-382	157	3	the	the	DET
gujaf-382	157	4	null	null	ADJ
gujaf-382	157	5	hypothesis	hypothesis	NOUN
gujaf-382	157	6	of	of	ADP
gujaf-382	157	7	constant	constant	ADJ
gujaf-382	157	8	residuals	residual	NOUN
gujaf-382	157	9	is	be	AUX
gujaf-382	157	10	affirmed	affirm	VERB
gujaf-382	157	11	.	.	PUNCT
gujaf-382	158	1	subsequently	subsequently	ADV
gujaf-382	158	2	,	,	PUNCT
gujaf-382	158	3	attention	attention	NOUN
gujaf-382	158	4	was	be	AUX
gujaf-382	158	5	given	give	VERB
gujaf-382	158	6	to	to	ADP
gujaf-382	158	7	the	the	DET
gujaf-382	158	8	concern	concern	NOUN
gujaf-382	158	9	of	of	ADP
gujaf-382	158	10	auto	auto	NOUN
gujaf-382	158	11	/	/	SYM
gujaf-382	158	12	serial	serial	ADJ
gujaf-382	158	13	correlation	correlation	NOUN
gujaf-382	158	14	,	,	PUNCT
gujaf-382	158	15	which	which	PRON
gujaf-382	158	16	has	have	VERB
gujaf-382	158	17	the	the	DET
gujaf-382	158	18	potential	potential	NOUN
gujaf-382	158	19	to	to	PART
gujaf-382	158	20	violate	violate	VERB
gujaf-382	158	21	the	the	DET
gujaf-382	158	22	assumption	assumption	NOUN
gujaf-382	158	23	of	of	ADP
gujaf-382	158	24	longitudinal	longitudinal	ADJ
gujaf-382	158	25	data	datum	NOUN
gujaf-382	158	26	in	in	ADP
gujaf-382	158	27	panel	panel	NOUN
gujaf-382	158	28	data	datum	NOUN
gujaf-382	158	29	analysis	analysis	NOUN
gujaf-382	158	30	.	.	PUNCT
gujaf-382	159	1	the	the	DET
gujaf-382	159	2	wooldridge	wooldridge	PROPN
gujaf-382	159	3	test	test	PROPN
gujaf-382	159	4	for	for	ADP
gujaf-382	159	5	autocorrelation	autocorrelation	NOUN
gujaf-382	159	6	was	be	AUX
gujaf-382	159	7	applied	apply	VERB
gujaf-382	159	8	,	,	PUNCT
gujaf-382	159	9	with	with	ADP
gujaf-382	159	10	the	the	DET
gujaf-382	159	11	criterion	criterion	NOUN
gujaf-382	159	12	of	of	ADP
gujaf-382	159	13	accepting	accept	VERB
gujaf-382	159	14	the	the	DET
gujaf-382	159	15	null	null	ADJ
gujaf-382	159	16	hypothesis	hypothesis	NOUN
gujaf-382	159	17	(	(	PUNCT
gujaf-382	159	18	no	no	DET
gujaf-382	159	19	autocorrelation	autocorrelation	NOUN
gujaf-382	159	20	)	)	PUNCT
gujaf-382	159	21	if	if	SCONJ
gujaf-382	159	22	the	the	DET
gujaf-382	159	23	p	p	NOUN
gujaf-382	159	24	-	-	PUNCT
gujaf-382	159	25	value	value	NOUN
gujaf-382	159	26	exceeds	exceed	VERB
gujaf-382	159	27	5	5	NUM
gujaf-382	159	28	%	%	NOUN
gujaf-382	159	29	.	.	PUNCT
gujaf-382	160	1	the	the	PRON
gujaf-382	160	2	obtained	obtain	VERB
gujaf-382	160	3	p	p	NOUN
gujaf-382	160	4	-	-	PUNCT
gujaf-382	160	5	value	value	NOUN
gujaf-382	160	6	of	of	ADP
gujaf-382	160	7	0.275	0.275	NUM
gujaf-382	160	8	supports	support	VERB
gujaf-382	160	9	the	the	DET
gujaf-382	160	10	conclusion	conclusion	NOUN
gujaf-382	160	11	that	that	SCONJ
gujaf-382	160	12	there	there	PRON
gujaf-382	160	13	is	be	VERB
gujaf-382	160	14	no	no	DET
gujaf-382	160	15	auto	auto	NOUN
gujaf-382	160	16	/	/	SYM
gujaf-382	160	17	serial	serial	ADJ
gujaf-382	160	18	correlation	correlation	NOUN
gujaf-382	160	19	in	in	ADP
gujaf-382	160	20	the	the	DET
gujaf-382	160	21	residuals	residual	NOUN
gujaf-382	160	22	.	.	PUNCT
gujaf-382	161	1	furthermore	furthermore	ADV
gujaf-382	161	2	,	,	PUNCT
gujaf-382	161	3	the	the	DET
gujaf-382	161	4	study	study	NOUN
gujaf-382	161	5	conducted	conduct	VERB
gujaf-382	161	6	the	the	DET
gujaf-382	161	7	ovtest	ovtest	NOUN
gujaf-382	161	8	to	to	PART
gujaf-382	161	9	examine	examine	VERB
gujaf-382	161	10	misspecification	misspecification	NOUN
gujaf-382	161	11	in	in	ADP
gujaf-382	161	12	the	the	DET
gujaf-382	161	13	model	model	NOUN
gujaf-382	161	14	,	,	PUNCT
gujaf-382	161	15	with	with	ADP
gujaf-382	161	16	the	the	DET
gujaf-382	161	17	acceptance	acceptance	NOUN
gujaf-382	161	18	of	of	ADP
gujaf-382	161	19	the	the	DET
gujaf-382	161	20	null	null	ADJ
gujaf-382	161	21	hypothesis	hypothesis	NOUN
gujaf-382	161	22	(	(	PUNCT
gujaf-382	161	23	no	no	DET
gujaf-382	161	24	misspecification	misspecification	NOUN
gujaf-382	161	25	)	)	PUNCT
gujaf-382	161	26	if	if	SCONJ
gujaf-382	161	27	the	the	DET
gujaf-382	161	28	p	p	NOUN
gujaf-382	161	29	-	-	PUNCT
gujaf-382	161	30	value	value	NOUN
gujaf-382	161	31	is	be	AUX
gujaf-382	161	32	greater	great	ADJ
gujaf-382	161	33	than	than	ADP
gujaf-382	161	34	5	5	NUM
gujaf-382	161	35	%	%	NOUN
gujaf-382	161	36	.	.	PUNCT
gujaf-382	162	1	the	the	DET
gujaf-382	162	2	results	result	NOUN
gujaf-382	162	3	,	,	PUNCT
gujaf-382	162	4	with	with	ADP
gujaf-382	162	5	a	a	DET
gujaf-382	162	6	p	p	NOUN
gujaf-382	162	7	-	-	PUNCT
gujaf-382	162	8	value	value	NOUN
gujaf-382	162	9	of	of	ADP
gujaf-382	162	10	0.558	0.558	NUM
gujaf-382	162	11	,	,	PUNCT
gujaf-382	162	12	indicate	indicate	VERB
gujaf-382	162	13	no	no	DET
gujaf-382	162	14	misspecification	misspecification	NOUN
gujaf-382	162	15	in	in	ADP
gujaf-382	162	16	the	the	DET
gujaf-382	162	17	model	model	NOUN
gujaf-382	162	18	.	.	PUNCT
gujaf-382	163	1	additionally	additionally	ADV
gujaf-382	163	2	,	,	PUNCT
gujaf-382	163	3	normality	normality	NOUN
gujaf-382	163	4	of	of	ADP
gujaf-382	163	5	residuals	residual	NOUN
gujaf-382	163	6	,	,	PUNCT
gujaf-382	163	7	a	a	DET
gujaf-382	163	8	crucial	crucial	ADJ
gujaf-382	163	9	assumption	assumption	NOUN
gujaf-382	163	10	for	for	ADP
gujaf-382	163	11	parametric	parametric	ADJ
gujaf-382	163	12	tests	test	NOUN
gujaf-382	163	13	,	,	PUNCT
gujaf-382	163	14	was	be	AUX
gujaf-382	163	15	assessed	assess	VERB
gujaf-382	163	16	using	use	VERB
gujaf-382	163	17	the	the	DET
gujaf-382	163	18	shapiro	shapiro	PROPN
gujaf-382	163	19	-	-	PUNCT
gujaf-382	163	20	wilk	wilk	NOUN
gujaf-382	163	21	test	test	NOUN
gujaf-382	163	22	.	.	PUNCT
gujaf-382	164	1	the	the	DET
gujaf-382	164	2	argument	argument	NOUN
gujaf-382	164	3	was	be	AUX
gujaf-382	164	4	made	make	VERB
gujaf-382	164	5	that	that	DET
gujaf-382	164	6	normality	normality	NOUN
gujaf-382	164	7	should	should	AUX
gujaf-382	164	8	be	be	AUX
gujaf-382	164	9	examined	examine	VERB
gujaf-382	164	10	on	on	ADP
gujaf-382	164	11	the	the	DET
gujaf-382	164	12	residuals	residual	NOUN
gujaf-382	164	13	rather	rather	ADV
gujaf-382	164	14	than	than	ADP
gujaf-382	164	15	the	the	DET
gujaf-382	164	16	raw	raw	ADJ
gujaf-382	164	17	data	datum	NOUN
gujaf-382	164	18	.	.	PUNCT
gujaf-382	165	1	the	the	PRON
gujaf-382	165	2	obtained	obtain	VERB
gujaf-382	165	3	p	p	NOUN
gujaf-382	165	4	-	-	PUNCT
gujaf-382	165	5	value	value	NOUN
gujaf-382	165	6	,	,	PUNCT
gujaf-382	165	7	greater	great	ADJ
gujaf-382	165	8	than	than	ADP
gujaf-382	165	9	0.05	0.05	NUM
gujaf-382	165	10	at	at	ADP
gujaf-382	165	11	a	a	DET
gujaf-382	165	12	5	5	NUM
gujaf-382	165	13	%	%	NOUN
gujaf-382	165	14	significance	significance	NOUN
gujaf-382	165	15	level	level	NOUN
gujaf-382	165	16	,	,	PUNCT
gujaf-382	165	17	led	lead	VERB
gujaf-382	165	18	to	to	ADP
gujaf-382	165	19	the	the	DET
gujaf-382	165	20	acceptance	acceptance	NOUN
gujaf-382	165	21	of	of	ADP
gujaf-382	165	22	the	the	DET
gujaf-382	165	23	null	null	ADJ
gujaf-382	165	24	hypothesis	hypothesis	NOUN
gujaf-382	165	25	.	.	PUNCT
gujaf-382	166	1	consequently	consequently	ADV
gujaf-382	166	2	,	,	PUNCT
gujaf-382	166	3	the	the	DET
gujaf-382	166	4	study	study	NOUN
gujaf-382	166	5	concludes	conclude	VERB
gujaf-382	166	6	that	that	SCONJ
gujaf-382	166	7	the	the	DET
gujaf-382	166	8	residuals	residual	NOUN
gujaf-382	166	9	follow	follow	VERB
gujaf-382	166	10	a	a	DET
gujaf-382	166	11	normal	normal	ADJ
gujaf-382	166	12	distribution	distribution	NOUN
gujaf-382	166	13	,	,	PUNCT
gujaf-382	166	14	supporting	support	VERB
gujaf-382	166	15	the	the	DET
gujaf-382	166	16	reliability	reliability	NOUN
gujaf-382	166	17	of	of	ADP
gujaf-382	166	18	the	the	DET
gujaf-382	166	19	linear	linear	ADJ
gujaf-382	166	20	regression	regression	NOUN
gujaf-382	166	21	model	model	NOUN
gujaf-382	166	22	for	for	ADP
gujaf-382	166	23	generalization	generalization	NOUN
gujaf-382	166	24	and	and	CCONJ
gujaf-382	166	25	therefore	therefore	ADV
gujaf-382	166	26	,	,	PUNCT
gujaf-382	166	27	the	the	DET
gujaf-382	166	28	assumptions	assumption	NOUN
gujaf-382	166	29	of	of	ADP
gujaf-382	166	30	ols	ol	NOUN
gujaf-382	166	31	are	be	AUX
gujaf-382	166	32	met	meet	VERB
gujaf-382	166	33	.	.	PUNCT
gujaf-382	167	1	table	table	NOUN
gujaf-382	167	2	6	6	NUM
gujaf-382	167	3	;	;	PUNCT
gujaf-382	167	4	regression	regression	VERB
gujaf-382	167	5	analysis	analysis	NOUN
gujaf-382	167	6	sp	sp	ADP
gujaf-382	167	7	coef	coef	PROPN
gujaf-382	167	8	.	.	PUNCT
gujaf-382	168	1	st.err	st.err	PROPN
gujaf-382	168	2	.	.	PROPN
gujaf-382	169	1	t	t	NOUN
gujaf-382	169	2	-	-	PUNCT
gujaf-382	169	3	value	value	NOUN
gujaf-382	169	4	p	p	NOUN
gujaf-382	169	5	-	-	PUNCT
gujaf-382	169	6	value	value	NOUN
gujaf-382	169	7	[	[	X
gujaf-382	169	8	95	95	NUM
gujaf-382	169	9	%	%	NOUN
gujaf-382	169	10	conf	conf	NOUN
gujaf-382	169	11	interval	interval	NOUN
gujaf-382	169	12	]	]	PUNCT
gujaf-382	169	13	sig	sig	NOUN
gujaf-382	169	14	lev	lev	NOUN
gujaf-382	169	15	-0.036	-0.036	PROPN
gujaf-382	169	16	0.001	0.001	NUM
gujaf-382	169	17	-29.23	-29.23	SYM
gujaf-382	169	18	0.000	0.000	NUM
gujaf-382	169	19	-.039	-.039	NOUN
gujaf-382	169	20	-0.034	-0.034	PUNCT
gujaf-382	169	21	*	*	PUNCT
gujaf-382	169	22	*	*	PUNCT
gujaf-382	169	23	dp	dp	NOUN
gujaf-382	169	24	0.017	0.017	NUM
gujaf-382	169	25	0.003	0.003	NUM
gujaf-382	169	26	6.58	6.58	NUM
gujaf-382	169	27	0.000	0.000	NUM
gujaf-382	169	28	0.012	0.012	NUM
gujaf-382	169	29	0.023	0.023	NUM
gujaf-382	169	30	*	*	PUNCT
gujaf-382	169	31	*	*	PUNCT
gujaf-382	169	32	constant	constant	ADJ
gujaf-382	169	33	-35.059	-35.059	NUM
gujaf-382	169	34	5.354	5.354	NUM
gujaf-382	169	35	-6.55	-6.55	NUM
gujaf-382	169	36	0.000	0.000	NUM
gujaf-382	169	37	-45.575	-45.575	PRON
gujaf-382	169	38	-24.542	-24.542	PUNCT
gujaf-382	170	1	*	*	PUNCT
gujaf-382	170	2	*	*	PUNCT
gujaf-382	170	3	mean	mean	VERB
gujaf-382	170	4	dependent	dependent	ADJ
gujaf-382	170	5	var	var	NOUN
gujaf-382	170	6	0.256	0.256	NUM
gujaf-382	170	7	sddependent	sddependent	NOUN
gujaf-382	170	8	var	var	NOUN
gujaf-382	170	9	0.320	0.320	NUM
gujaf-382	170	10	r	r	NOUN
gujaf-382	170	11	-	-	PUNCT
gujaf-382	170	12	squared	square	VERB
gujaf-382	170	13	0.632	0.632	NUM
gujaf-382	170	14	number	number	NOUN
gujaf-382	170	15	of	of	ADP
gujaf-382	170	16	obs	obs	PROPN
gujaf-382	170	17	540	540	NUM
gujaf-382	170	18	f	f	NOUN
gujaf-382	170	19	-	-	PUNCT
gujaf-382	170	20	test	test	NOUN
gujaf-382	170	21	460.465	460.465	NUM
gujaf-382	170	22	prob	prob	NOUN
gujaf-382	170	23	>	>	X
gujaf-382	170	24	f	f	PROPN
gujaf-382	170	25	0.000	0.000	NUM
gujaf-382	170	26	source	source	NOUN
gujaf-382	170	27	:	:	PUNCT
gujaf-382	170	28	summary	summary	NOUN
gujaf-382	170	29	of	of	ADP
gujaf-382	170	30	stata	stata	NOUN
gujaf-382	170	31	output	output	NOUN
gujaf-382	170	32	,	,	PUNCT
gujaf-382	170	33	(	(	PUNCT
gujaf-382	170	34	2024	2024	NUM
gujaf-382	170	35	)	)	PUNCT
gujaf-382	170	36	.	.	PUNCT
gujaf-382	171	1	the	the	DET
gujaf-382	171	2	regression	regression	NOUN
gujaf-382	171	3	analysis	analysis	NOUN
gujaf-382	171	4	yielded	yield	VERB
gujaf-382	171	5	a	a	DET
gujaf-382	171	6	notable	notable	ADJ
gujaf-382	171	7	r	r	NOUN
gujaf-382	171	8	-	-	PUNCT
gujaf-382	171	9	squared	square	VERB
gujaf-382	171	10	value	value	NOUN
gujaf-382	171	11	of	of	ADP
gujaf-382	171	12	0.632	0.632	NUM
gujaf-382	171	13	,	,	PUNCT
gujaf-382	171	14	indicating	indicate	VERB
gujaf-382	171	15	that	that	SCONJ
gujaf-382	171	16	the	the	DET
gujaf-382	171	17	model	model	NOUN
gujaf-382	171	18	successfully	successfully	ADV
gujaf-382	171	19	explains	explain	VERB
gujaf-382	171	20	63.2	63.2	NUM
gujaf-382	171	21	%	%	NOUN
gujaf-382	171	22	of	of	ADP
gujaf-382	171	23	the	the	DET
gujaf-382	171	24	variability	variability	NOUN
gujaf-382	171	25	observed	observe	VERB
gujaf-382	171	26	in	in	ADP
gujaf-382	171	27	share	share	NOUN
gujaf-382	171	28	prices	price	NOUN
gujaf-382	171	29	among	among	ADP
gujaf-382	171	30	listed	list	VERB
gujaf-382	171	31	financial	financial	ADJ
gujaf-382	171	32	service	service	NOUN
gujaf-382	171	33	firms	firm	NOUN
gujaf-382	171	34	in	in	ADP
gujaf-382	171	35	nigeria	nigeria	PROPN
gujaf-382	171	36	.	.	PUNCT
gujaf-382	172	1	the	the	DET
gujaf-382	172	2	f	f	NOUN
gujaf-382	172	3	-	-	PUNCT
gujaf-382	172	4	test	test	NOUN
gujaf-382	172	5	further	far	ADV
gujaf-382	172	6	supports	support	VERB
gujaf-382	172	7	the	the	DET
gujaf-382	172	8	model	model	NOUN
gujaf-382	172	9	's	's	PART
gujaf-382	172	10	validity	validity	NOUN
gujaf-382	172	11	,	,	PUNCT
gujaf-382	172	12	with	with	ADP
gujaf-382	172	13	a	a	DET
gujaf-382	172	14	remarkably	remarkably	ADV
gujaf-382	172	15	low	low	ADJ
gujaf-382	172	16	p	p	NOUN
gujaf-382	172	17	-	-	PUNCT
gujaf-382	172	18	value	value	NOUN
gujaf-382	172	19	of	of	ADP
gujaf-382	172	20	0.000	0.000	NUM
gujaf-382	172	21	,	,	PUNCT
gujaf-382	172	22	signifying	signify	VERB
gujaf-382	172	23	statistical	statistical	ADJ
gujaf-382	172	24	significance	significance	NOUN
gujaf-382	172	25	.	.	PUNCT
gujaf-382	173	1	these	these	DET
gujaf-382	173	2	findings	finding	NOUN
gujaf-382	173	3	collectively	collectively	ADV
gujaf-382	173	4	provide	provide	VERB
gujaf-382	173	5	robust	robust	ADJ
gujaf-382	173	6	evidence	evidence	NOUN
gujaf-382	173	7	of	of	ADP
gujaf-382	173	8	the	the	DET
gujaf-382	173	9	substantial	substantial	ADJ
gujaf-382	173	10	influence	influence	NOUN
gujaf-382	173	11	exerted	exert	VERB
gujaf-382	173	12	by	by	ADP
gujaf-382	173	13	dividend	dividend	NOUN
gujaf-382	173	14	policy	policy	NOUN
gujaf-382	173	15	and	and	CCONJ
gujaf-382	173	16	leverage	leverage	NOUN
gujaf-382	173	17	on	on	ADP
gujaf-382	173	18	share	share	NOUN
gujaf-382	173	19	prices	price	NOUN
gujaf-382	173	20	within	within	ADP
gujaf-382	173	21	the	the	DET
gujaf-382	173	22	examined	examine	VERB
gujaf-382	173	23	financial	financial	ADJ
gujaf-382	173	24	context	context	NOUN
gujaf-382	173	25	.	.	PUNCT
gujaf-382	174	1	in	in	ADP
gujaf-382	174	2	view	view	NOUN
gujaf-382	174	3	of	of	ADP
gujaf-382	174	4	the	the	DET
gujaf-382	174	5	relationship	relationship	NOUN
gujaf-382	174	6	between	between	ADP
gujaf-382	174	7	leverage	leverage	NOUN
gujaf-382	174	8	and	and	CCONJ
gujaf-382	174	9	share	share	NOUN
gujaf-382	174	10	price	price	NOUN
gujaf-382	174	11	,	,	PUNCT
gujaf-382	174	12	the	the	DET
gujaf-382	174	13	result	result	NOUN
gujaf-382	174	14	of	of	ADP
gujaf-382	174	15	this	this	DET
gujaf-382	174	16	study	study	NOUN
gujaf-382	174	17	shows	show	VERB
gujaf-382	174	18	that	that	SCONJ
gujaf-382	174	19	the	the	DET
gujaf-382	174	20	relationship	relationship	NOUN
gujaf-382	174	21	between	between	ADP
gujaf-382	174	22	leverage	leverage	NOUN
gujaf-382	174	23	(	(	PUNCT
gujaf-382	174	24	lev	lev	NOUN
gujaf-382	174	25	)	)	PUNCT
gujaf-382	174	26	and	and	CCONJ
gujaf-382	174	27	share	share	NOUN
gujaf-382	174	28	price	price	NOUN
gujaf-382	174	29	(	(	PUNCT
gujaf-382	174	30	sp	sp	NOUN
gujaf-382	174	31	)	)	PUNCT
gujaf-382	174	32	is	be	AUX
gujaf-382	174	33	negatively	negatively	ADV
gujaf-382	174	34	significant	significant	ADJ
gujaf-382	174	35	.	.	PUNCT
gujaf-382	175	1	this	this	PRON
gujaf-382	175	2	can	can	AUX
gujaf-382	175	3	be	be	AUX
gujaf-382	175	4	seen	see	VERB
gujaf-382	175	5	in	in	ADP
gujaf-382	175	6	table	table	NOUN
gujaf-382	175	7	6	6	NUM
gujaf-382	175	8	with	with	ADP
gujaf-382	175	9	the	the	DET
gujaf-382	175	10	parameter	parameter	NOUN
gujaf-382	175	11	value	value	NOUN
gujaf-382	175	12	of	of	ADP
gujaf-382	175	13	-0.036	-0.036	PROPN
gujaf-382	175	14	.	.	PUNCT
gujaf-382	176	1	it	it	PRON
gujaf-382	176	2	means	mean	VERB
gujaf-382	176	3	that	that	SCONJ
gujaf-382	176	4	leverage	leverage	NOUN
gujaf-382	176	5	ratio	ratio	NOUN
gujaf-382	176	6	(	(	PUNCT
gujaf-382	176	7	lev	lev	NOUN
gujaf-382	176	8	)	)	PUNCT
gujaf-382	176	9	and	and	CCONJ
gujaf-382	176	10	gusau	gusau	ADJ
gujaf-382	176	11	journal	journal	NOUN
gujaf-382	176	12	of	of	ADP
gujaf-382	176	13	accounting	accounting	NOUN
gujaf-382	176	14	and	and	CCONJ
gujaf-382	176	15	finance	finance	NOUN
gujaf-382	176	16	,	,	PUNCT
gujaf-382	176	17	vol.6	vol.6	PROPN
gujaf-382	176	18	,	,	PUNCT
gujaf-382	176	19	issue	issue	NOUN
gujaf-382	176	20	1	1	NUM
gujaf-382	176	21	,	,	PUNCT
gujaf-382	176	22	april	april	PROPN
gujaf-382	176	23	,	,	PUNCT
gujaf-382	176	24	2025	2025	NUM
gujaf-382	176	25	250	250	NUM
gujaf-382	176	26	share	share	NOUN
gujaf-382	176	27	price	price	NOUN
gujaf-382	176	28	have	have	VERB
gujaf-382	176	29	an	an	DET
gujaf-382	176	30	inverse	inverse	NOUN
gujaf-382	176	31	connection	connection	NOUN
gujaf-382	176	32	,	,	PUNCT
gujaf-382	176	33	which	which	PRON
gujaf-382	176	34	means	mean	VERB
gujaf-382	176	35	they	they	PRON
gujaf-382	176	36	fluctuate	fluctuate	VERB
gujaf-382	176	37	in	in	ADP
gujaf-382	176	38	opposing	oppose	VERB
gujaf-382	176	39	ways	way	NOUN
gujaf-382	176	40	.	.	PUNCT
gujaf-382	177	1	a	a	DET
gujaf-382	177	2	drop	drop	NOUN
gujaf-382	177	3	in	in	ADP
gujaf-382	177	4	lev	lev	NOUN
gujaf-382	177	5	indicates	indicate	VERB
gujaf-382	177	6	a	a	DET
gujaf-382	177	7	decreased	decrease	VERB
gujaf-382	177	8	dependence	dependence	NOUN
gujaf-382	177	9	on	on	ADP
gujaf-382	177	10	debt	debt	NOUN
gujaf-382	177	11	financing	financing	NOUN
gujaf-382	177	12	,	,	PUNCT
gujaf-382	177	13	which	which	PRON
gujaf-382	177	14	may	may	AUX
gujaf-382	177	15	minimize	minimize	VERB
gujaf-382	177	16	financial	financial	ADJ
gujaf-382	177	17	risk	risk	NOUN
gujaf-382	177	18	and	and	CCONJ
gujaf-382	177	19	make	make	VERB
gujaf-382	177	20	the	the	DET
gujaf-382	177	21	firm	firm	NOUN
gujaf-382	177	22	more	more	ADV
gujaf-382	177	23	desirable	desirable	ADJ
gujaf-382	177	24	to	to	ADP
gujaf-382	177	25	investors	investor	NOUN
gujaf-382	177	26	.	.	PUNCT
gujaf-382	178	1	this	this	DET
gujaf-382	178	2	increased	increase	VERB
gujaf-382	178	3	investor	investor	NOUN
gujaf-382	178	4	interest	interest	NOUN
gujaf-382	178	5	may	may	AUX
gujaf-382	178	6	cause	cause	VERB
gujaf-382	178	7	the	the	DET
gujaf-382	178	8	share	share	NOUN
gujaf-382	178	9	price	price	NOUN
gujaf-382	178	10	to	to	PART
gujaf-382	178	11	rise	rise	VERB
gujaf-382	178	12	.	.	PUNCT
gujaf-382	179	1	furthermore	furthermore	ADV
gujaf-382	179	2	,	,	PUNCT
gujaf-382	179	3	market	market	NOUN
gujaf-382	179	4	perception	perception	NOUN
gujaf-382	179	5	is	be	AUX
gujaf-382	179	6	important	important	ADJ
gujaf-382	179	7	,	,	PUNCT
gujaf-382	179	8	since	since	SCONJ
gujaf-382	179	9	a	a	DET
gujaf-382	179	10	larger	large	ADJ
gujaf-382	179	11	lev	lev	NOUN
gujaf-382	179	12	may	may	AUX
gujaf-382	179	13	raise	raise	VERB
gujaf-382	179	14	worries	worry	NOUN
gujaf-382	179	15	about	about	ADP
gujaf-382	179	16	a	a	DET
gujaf-382	179	17	firm	firm	NOUN
gujaf-382	179	18	's	's	PART
gujaf-382	179	19	capacity	capacity	NOUN
gujaf-382	179	20	to	to	PART
gujaf-382	179	21	satisfy	satisfy	VERB
gujaf-382	179	22	financial	financial	ADJ
gujaf-382	179	23	commitments	commitment	NOUN
gujaf-382	179	24	,	,	PUNCT
gujaf-382	179	25	thereby	thereby	ADV
gujaf-382	179	26	reducing	reduce	VERB
gujaf-382	179	27	investor	investor	NOUN
gujaf-382	179	28	trust	trust	NOUN
gujaf-382	179	29	and	and	CCONJ
gujaf-382	179	30	triggering	trigger	VERB
gujaf-382	179	31	a	a	DET
gujaf-382	179	32	share	share	NOUN
gujaf-382	179	33	price	price	NOUN
gujaf-382	179	34	decrease	decrease	NOUN
gujaf-382	179	35	.	.	PUNCT
gujaf-382	180	1	thus	thus	ADV
gujaf-382	180	2	,	,	PUNCT
gujaf-382	180	3	changes	change	NOUN
gujaf-382	180	4	in	in	ADP
gujaf-382	180	5	lev	lev	NOUN
gujaf-382	180	6	might	might	AUX
gujaf-382	180	7	have	have	VERB
gujaf-382	180	8	an	an	DET
gujaf-382	180	9	immediate	immediate	ADJ
gujaf-382	180	10	influence	influence	NOUN
gujaf-382	180	11	on	on	ADP
gujaf-382	180	12	a	a	DET
gujaf-382	180	13	firm	firm	NOUN
gujaf-382	180	14	's	's	PART
gujaf-382	180	15	market	market	NOUN
gujaf-382	180	16	value	value	NOUN
gujaf-382	180	17	.	.	PUNCT
gujaf-382	181	1	as	as	SCONJ
gujaf-382	181	2	a	a	DET
gujaf-382	181	3	corporation	corporation	NOUN
gujaf-382	181	4	incurs	incur	VERB
gujaf-382	181	5	more	more	ADJ
gujaf-382	181	6	debt	debt	NOUN
gujaf-382	181	7	,	,	PUNCT
gujaf-382	181	8	a	a	DET
gujaf-382	181	9	bigger	big	ADJ
gujaf-382	181	10	share	share	NOUN
gujaf-382	181	11	of	of	ADP
gujaf-382	181	12	its	its	PRON
gujaf-382	181	13	revenues	revenue	NOUN
gujaf-382	181	14	may	may	AUX
gujaf-382	181	15	be	be	AUX
gujaf-382	181	16	allocated	allocate	VERB
gujaf-382	181	17	to	to	ADP
gujaf-382	181	18	interest	interest	NOUN
gujaf-382	181	19	payments	payment	NOUN
gujaf-382	181	20	and	and	CCONJ
gujaf-382	181	21	debt	debt	NOUN
gujaf-382	181	22	service	service	NOUN
gujaf-382	181	23	,	,	PUNCT
gujaf-382	181	24	lowering	lower	VERB
gujaf-382	181	25	profitability	profitability	NOUN
gujaf-382	181	26	and	and	CCONJ
gujaf-382	181	27	future	future	ADJ
gujaf-382	181	28	cash	cash	NOUN
gujaf-382	181	29	flows	flow	NOUN
gujaf-382	181	30	.	.	PUNCT
gujaf-382	182	1	this	this	DET
gujaf-382	182	2	loss	loss	NOUN
gujaf-382	182	3	in	in	ADP
gujaf-382	182	4	value	value	NOUN
gujaf-382	182	5	may	may	AUX
gujaf-382	182	6	result	result	VERB
gujaf-382	182	7	in	in	ADP
gujaf-382	182	8	a	a	DET
gujaf-382	182	9	reduced	reduced	ADJ
gujaf-382	182	10	share	share	NOUN
gujaf-382	182	11	price	price	NOUN
gujaf-382	182	12	.	.	PUNCT
gujaf-382	183	1	the	the	DET
gujaf-382	183	2	p	p	NOUN
gujaf-382	183	3	-	-	PUNCT
gujaf-382	183	4	value	value	NOUN
gujaf-382	183	5	of	of	ADP
gujaf-382	183	6	0.000	0.000	NUM
gujaf-382	183	7	provides	provide	VERB
gujaf-382	183	8	strong	strong	ADJ
gujaf-382	183	9	evidence	evidence	NOUN
gujaf-382	183	10	to	to	PART
gujaf-382	183	11	reject	reject	VERB
gujaf-382	183	12	the	the	DET
gujaf-382	183	13	null	null	ADJ
gujaf-382	183	14	hypothesis	hypothesis	NOUN
gujaf-382	183	15	,	,	PUNCT
gujaf-382	183	16	suggesting	suggest	VERB
gujaf-382	183	17	that	that	SCONJ
gujaf-382	183	18	leverage	leverage	NOUN
gujaf-382	183	19	has	have	VERB
gujaf-382	183	20	a	a	DET
gujaf-382	183	21	significant	significant	ADJ
gujaf-382	183	22	negative	negative	ADJ
gujaf-382	183	23	effect	effect	NOUN
gujaf-382	183	24	on	on	ADP
gujaf-382	183	25	share	share	NOUN
gujaf-382	183	26	prices	price	NOUN
gujaf-382	183	27	.	.	PUNCT
gujaf-382	184	1	this	this	PRON
gujaf-382	184	2	supports	support	VERB
gujaf-382	184	3	the	the	DET
gujaf-382	184	4	proposition	proposition	NOUN
gujaf-382	184	5	of	of	ADP
gujaf-382	184	6	information	information	NOUN
gujaf-382	184	7	asymmetry	asymmetry	NOUN
gujaf-382	184	8	theory	theory	NOUN
gujaf-382	184	9	that	that	SCONJ
gujaf-382	184	10	higher	high	ADJ
gujaf-382	184	11	leverage	leverage	NOUN
gujaf-382	184	12	is	be	AUX
gujaf-382	184	13	associated	associate	VERB
gujaf-382	184	14	with	with	ADP
gujaf-382	184	15	a	a	DET
gujaf-382	184	16	higher	high	ADJ
gujaf-382	184	17	likelihood	likelihood	NOUN
gujaf-382	184	18	of	of	ADP
gujaf-382	184	19	bankruptcy	bankruptcy	NOUN
gujaf-382	184	20	,	,	PUNCT
gujaf-382	184	21	leading	lead	VERB
gujaf-382	184	22	to	to	ADP
gujaf-382	184	23	a	a	DET
gujaf-382	184	24	reduction	reduction	NOUN
gujaf-382	184	25	in	in	ADP
gujaf-382	184	26	share	share	NOUN
gujaf-382	184	27	prices	price	NOUN
gujaf-382	184	28	.	.	PUNCT
gujaf-382	185	1	these	these	DET
gujaf-382	185	2	findings	finding	NOUN
gujaf-382	185	3	support	support	VERB
gujaf-382	185	4	the	the	DET
gujaf-382	185	5	proposition	proposition	NOUN
gujaf-382	185	6	of	of	ADP
gujaf-382	185	7	signalling	signal	VERB
gujaf-382	185	8	theory	theory	NOUN
gujaf-382	185	9	that	that	SCONJ
gujaf-382	185	10	higher	high	ADJ
gujaf-382	185	11	use	use	NOUN
gujaf-382	185	12	of	of	ADP
gujaf-382	185	13	leverage	leverage	NOUN
gujaf-382	185	14	is	be	AUX
gujaf-382	185	15	indicative	indicative	ADJ
gujaf-382	185	16	of	of	ADP
gujaf-382	185	17	a	a	DET
gujaf-382	185	18	larger	large	ADJ
gujaf-382	185	19	likelihood	likelihood	NOUN
gujaf-382	185	20	of	of	ADP
gujaf-382	185	21	filing	filing	NOUN
gujaf-382	185	22	for	for	ADP
gujaf-382	185	23	bankruptcy	bankruptcy	NOUN
gujaf-382	185	24	,	,	PUNCT
gujaf-382	185	25	as	as	ADP
gujaf-382	185	26	a	a	DET
gujaf-382	185	27	result	result	NOUN
gujaf-382	185	28	,	,	PUNCT
gujaf-382	185	29	although	although	SCONJ
gujaf-382	185	30	a	a	DET
gujaf-382	185	31	rise	rise	NOUN
gujaf-382	185	32	in	in	ADP
gujaf-382	185	33	lev	lev	NOUN
gujaf-382	185	34	may	may	AUX
gujaf-382	185	35	result	result	VERB
gujaf-382	185	36	in	in	ADP
gujaf-382	185	37	a	a	DET
gujaf-382	185	38	reduction	reduction	NOUN
gujaf-382	185	39	in	in	ADP
gujaf-382	185	40	share	share	NOUN
gujaf-382	185	41	price	price	NOUN
gujaf-382	185	42	.	.	PUNCT
gujaf-382	186	1	this	this	DET
gujaf-382	186	2	finding	finding	NOUN
gujaf-382	186	3	also	also	ADV
gujaf-382	186	4	supports	support	VERB
gujaf-382	186	5	that	that	PRON
gujaf-382	186	6	of	of	ADP
gujaf-382	186	7	zhang	zhang	PROPN
gujaf-382	186	8	and	and	CCONJ
gujaf-382	186	9	zhou	zhou	PROPN
gujaf-382	186	10	(	(	PUNCT
gujaf-382	186	11	2020	2020	NUM
gujaf-382	186	12	)	)	PUNCT
gujaf-382	186	13	,	,	PUNCT
gujaf-382	186	14	juwita	juwita	PROPN
gujaf-382	186	15	and	and	CCONJ
gujaf-382	186	16	diana	diana	PROPN
gujaf-382	186	17	(	(	PUNCT
gujaf-382	186	18	2020	2020	NUM
gujaf-382	186	19	)	)	PUNCT
gujaf-382	186	20	,	,	PUNCT
gujaf-382	186	21	subagyo	subagyo	NOUN
gujaf-382	186	22	(	(	PUNCT
gujaf-382	186	23	2020	2020	NUM
gujaf-382	186	24	)	)	PUNCT
gujaf-382	186	25	,	,	PUNCT
gujaf-382	187	1	suhadak	suhadak	PROPN
gujaf-382	187	2	et	et	PROPN
gujaf-382	187	3	al	al	PROPN
gujaf-382	187	4	.	.	PROPN
gujaf-382	187	5	(	(	PUNCT
gujaf-382	187	6	2019	2019	NUM
gujaf-382	187	7	)	)	PUNCT
gujaf-382	187	8	,	,	PUNCT
gujaf-382	187	9	al	al	PROPN
gujaf-382	187	10	qaisi	qaisi	PROPN
gujaf-382	187	11	(	(	PUNCT
gujaf-382	187	12	2016	2016	NUM
gujaf-382	187	13	)	)	PUNCT
gujaf-382	187	14	who	who	PRON
gujaf-382	187	15	found	find	VERB
gujaf-382	187	16	that	that	SCONJ
gujaf-382	187	17	leverage	leverage	NOUN
gujaf-382	187	18	has	have	VERB
gujaf-382	187	19	negative	negative	ADJ
gujaf-382	187	20	effect	effect	NOUN
gujaf-382	187	21	on	on	ADP
gujaf-382	187	22	share	share	NOUN
gujaf-382	187	23	price	price	NOUN
gujaf-382	187	24	.	.	PUNCT
gujaf-382	188	1	considering	consider	VERB
gujaf-382	188	2	the	the	DET
gujaf-382	188	3	relationship	relationship	NOUN
gujaf-382	188	4	between	between	ADP
gujaf-382	188	5	dividend	dividend	NOUN
gujaf-382	188	6	policy	policy	NOUN
gujaf-382	188	7	and	and	CCONJ
gujaf-382	188	8	share	share	NOUN
gujaf-382	188	9	price	price	NOUN
gujaf-382	188	10	,	,	PUNCT
gujaf-382	188	11	the	the	DET
gujaf-382	188	12	result	result	NOUN
gujaf-382	188	13	of	of	ADP
gujaf-382	188	14	this	this	DET
gujaf-382	188	15	study	study	NOUN
gujaf-382	188	16	shows	show	VERB
gujaf-382	188	17	that	that	SCONJ
gujaf-382	188	18	the	the	DET
gujaf-382	188	19	relationship	relationship	NOUN
gujaf-382	188	20	between	between	ADP
gujaf-382	188	21	dividend	dividend	NOUN
gujaf-382	188	22	policy	policy	NOUN
gujaf-382	188	23	(	(	PUNCT
gujaf-382	188	24	dp	dp	NOUN
gujaf-382	188	25	)	)	PUNCT
gujaf-382	188	26	and	and	CCONJ
gujaf-382	188	27	share	share	NOUN
gujaf-382	188	28	price	price	NOUN
gujaf-382	188	29	(	(	PUNCT
gujaf-382	188	30	sp	sp	NOUN
gujaf-382	188	31	)	)	PUNCT
gujaf-382	188	32	is	be	AUX
gujaf-382	188	33	positively	positively	ADV
gujaf-382	188	34	significant	significant	ADJ
gujaf-382	188	35	.	.	PUNCT
gujaf-382	189	1	this	this	PRON
gujaf-382	189	2	can	can	AUX
gujaf-382	189	3	be	be	AUX
gujaf-382	189	4	seen	see	VERB
gujaf-382	189	5	in	in	ADP
gujaf-382	189	6	table	table	NOUN
gujaf-382	189	7	6	6	NUM
gujaf-382	189	8	with	with	ADP
gujaf-382	189	9	the	the	DET
gujaf-382	189	10	parameter	parameter	NOUN
gujaf-382	189	11	value	value	NOUN
gujaf-382	189	12	of	of	ADP
gujaf-382	189	13	0.017	0.017	NUM
gujaf-382	189	14	.	.	PUNCT
gujaf-382	190	1	the	the	DET
gujaf-382	190	2	increased	increase	VERB
gujaf-382	190	3	dividend	dividend	NOUN
gujaf-382	190	4	distribution	distribution	NOUN
gujaf-382	190	5	also	also	ADV
gujaf-382	190	6	suggests	suggest	VERB
gujaf-382	190	7	that	that	SCONJ
gujaf-382	190	8	the	the	DET
gujaf-382	190	9	firm	firm	NOUN
gujaf-382	190	10	is	be	AUX
gujaf-382	190	11	producing	produce	VERB
gujaf-382	190	12	significant	significant	ADJ
gujaf-382	190	13	and	and	CCONJ
gujaf-382	190	14	continuous	continuous	ADJ
gujaf-382	190	15	earnings	earning	NOUN
gujaf-382	190	16	,	,	PUNCT
gujaf-382	190	17	making	make	VERB
gujaf-382	190	18	it	it	PRON
gujaf-382	190	19	an	an	DET
gujaf-382	190	20	appealing	appealing	ADJ
gujaf-382	190	21	alternative	alternative	NOUN
gujaf-382	190	22	for	for	ADP
gujaf-382	190	23	income	income	NOUN
gujaf-382	190	24	-	-	PUNCT
gujaf-382	190	25	seeking	seek	VERB
gujaf-382	190	26	investors	investor	NOUN
gujaf-382	190	27	who	who	PRON
gujaf-382	190	28	depend	depend	VERB
gujaf-382	190	29	on	on	ADP
gujaf-382	190	30	dividends	dividend	NOUN
gujaf-382	190	31	for	for	ADP
gujaf-382	190	32	steady	steady	ADJ
gujaf-382	190	33	cash	cash	NOUN
gujaf-382	190	34	flows	flow	NOUN
gujaf-382	190	35	.	.	PUNCT
gujaf-382	191	1	this	this	PRON
gujaf-382	191	2	,	,	PUNCT
gujaf-382	191	3	in	in	ADP
gujaf-382	191	4	turn	turn	NOUN
gujaf-382	191	5	,	,	PUNCT
gujaf-382	191	6	draws	draw	VERB
gujaf-382	191	7	additional	additional	ADJ
gujaf-382	191	8	investors	investor	NOUN
gujaf-382	191	9	and	and	CCONJ
gujaf-382	191	10	raises	raise	VERB
gujaf-382	191	11	the	the	DET
gujaf-382	191	12	stock	stock	NOUN
gujaf-382	191	13	price	price	NOUN
gujaf-382	191	14	of	of	ADP
gujaf-382	191	15	the	the	DET
gujaf-382	191	16	firm	firm	NOUN
gujaf-382	191	17	.	.	PUNCT
gujaf-382	192	1	furthermore	furthermore	ADV
gujaf-382	192	2	,	,	PUNCT
gujaf-382	192	3	a	a	DET
gujaf-382	192	4	greater	great	ADJ
gujaf-382	192	5	dividend	dividend	NOUN
gujaf-382	192	6	payment	payment	NOUN
gujaf-382	192	7	ratio	ratio	NOUN
gujaf-382	192	8	indicates	indicate	VERB
gujaf-382	192	9	effective	effective	ADJ
gujaf-382	192	10	distribution	distribution	NOUN
gujaf-382	192	11	of	of	ADP
gujaf-382	192	12	income	income	NOUN
gujaf-382	192	13	to	to	ADP
gujaf-382	192	14	shareholders	shareholder	NOUN
gujaf-382	192	15	,	,	PUNCT
gujaf-382	192	16	which	which	PRON
gujaf-382	192	17	improves	improve	VERB
gujaf-382	192	18	investors	investor	NOUN
gujaf-382	192	19	'	'	PART
gujaf-382	192	20	opinion	opinion	NOUN
gujaf-382	192	21	of	of	ADP
gujaf-382	192	22	the	the	DET
gujaf-382	192	23	firm	firm	NOUN
gujaf-382	192	24	's	's	PART
gujaf-382	192	25	worth	worth	NOUN
gujaf-382	192	26	.	.	PUNCT
gujaf-382	193	1	as	as	ADP
gujaf-382	193	2	a	a	DET
gujaf-382	193	3	result	result	NOUN
gujaf-382	193	4	,	,	PUNCT
gujaf-382	193	5	although	although	SCONJ
gujaf-382	193	6	a	a	DET
gujaf-382	193	7	bigger	big	ADJ
gujaf-382	193	8	dividend	dividend	NOUN
gujaf-382	193	9	distribution	distribution	NOUN
gujaf-382	193	10	may	may	AUX
gujaf-382	193	11	boost	boost	VERB
gujaf-382	193	12	share	share	NOUN
gujaf-382	193	13	prices	price	NOUN
gujaf-382	193	14	.	.	PUNCT
gujaf-382	194	1	the	the	DET
gujaf-382	194	2	result	result	NOUN
gujaf-382	194	3	is	be	AUX
gujaf-382	194	4	found	find	VERB
gujaf-382	194	5	to	to	PART
gujaf-382	194	6	be	be	AUX
gujaf-382	194	7	significant	significant	ADJ
gujaf-382	194	8	with	with	ADP
gujaf-382	194	9	the	the	DET
gujaf-382	194	10	p	p	NOUN
gujaf-382	194	11	-	-	PUNCT
gujaf-382	194	12	value	value	NOUN
gujaf-382	194	13	of	of	ADP
gujaf-382	194	14	0.000	0.000	NUM
gujaf-382	194	15	.	.	PUNCT
gujaf-382	195	1	this	this	PRON
gujaf-382	195	2	provides	provide	VERB
gujaf-382	195	3	sufficient	sufficient	ADJ
gujaf-382	195	4	evidence	evidence	NOUN
gujaf-382	195	5	to	to	PART
gujaf-382	195	6	reject	reject	VERB
gujaf-382	195	7	the	the	DET
gujaf-382	195	8	null	null	ADJ
gujaf-382	195	9	hypothesis	hypothesis	NOUN
gujaf-382	195	10	that	that	PRON
gujaf-382	195	11	dividend	dividend	NOUN
gujaf-382	195	12	policy	policy	NOUN
gujaf-382	195	13	has	have	VERB
gujaf-382	195	14	no	no	DET
gujaf-382	195	15	significant	significant	ADJ
gujaf-382	195	16	effect	effect	NOUN
gujaf-382	195	17	on	on	ADP
gujaf-382	195	18	share	share	NOUN
gujaf-382	195	19	price	price	NOUN
gujaf-382	195	20	of	of	ADP
gujaf-382	195	21	listed	list	VERB
gujaf-382	195	22	financial	financial	ADJ
gujaf-382	195	23	service	service	NOUN
gujaf-382	195	24	firms	firm	NOUN
gujaf-382	195	25	in	in	ADP
gujaf-382	195	26	nigeria	nigeria	PROPN
gujaf-382	195	27	.	.	PUNCT
gujaf-382	196	1	this	this	DET
gujaf-382	196	2	finding	finding	NOUN
gujaf-382	196	3	is	be	AUX
gujaf-382	196	4	in	in	ADP
gujaf-382	196	5	line	line	NOUN
gujaf-382	196	6	with	with	ADP
gujaf-382	196	7	the	the	DET
gujaf-382	196	8	proposition	proposition	NOUN
gujaf-382	196	9	of	of	ADP
gujaf-382	196	10	signalling	signal	VERB
gujaf-382	196	11	theory	theory	NOUN
gujaf-382	196	12	that	that	SCONJ
gujaf-382	196	13	,	,	PUNCT
gujaf-382	196	14	higher	high	ADJ
gujaf-382	196	15	dividend	dividend	NOUN
gujaf-382	196	16	policy	policy	NOUN
gujaf-382	196	17	results	result	NOUN
gujaf-382	196	18	in	in	ADP
gujaf-382	196	19	increases	increase	NOUN
gujaf-382	196	20	stock	stock	NOUN
gujaf-382	196	21	value	value	NOUN
gujaf-382	196	22	and	and	CCONJ
gujaf-382	196	23	the	the	DET
gujaf-382	196	24	findings	finding	NOUN
gujaf-382	196	25	of	of	ADP
gujaf-382	196	26	araoye	araoye	NOUN
gujaf-382	196	27	et	et	PROPN
gujaf-382	196	28	al	al	PROPN
gujaf-382	196	29	.	.	PROPN
gujaf-382	197	1	(	(	PUNCT
gujaf-382	197	2	2019	2019	NUM
gujaf-382	197	3	)	)	PUNCT
gujaf-382	197	4	,	,	PUNCT
gujaf-382	197	5	suwanhirunkul	suwanhirunkul	NOUN
gujaf-382	197	6	and	and	CCONJ
gujaf-382	197	7	masih	masih	PROPN
gujaf-382	197	8	(	(	PUNCT
gujaf-382	197	9	2019	2019	NUM
gujaf-382	197	10	)	)	PUNCT
gujaf-382	197	11	,	,	PUNCT
gujaf-382	197	12	rita	rita	PROPN
gujaf-382	197	13	syofyan	syofyan	VERB
gujaf-382	197	14	et	et	PROPN
gujaf-382	197	15	al	al	PROPN
gujaf-382	197	16	.	.	PROPN
gujaf-382	198	1	(	(	PUNCT
gujaf-382	198	2	2020	2020	NUM
gujaf-382	198	3	)	)	PUNCT
gujaf-382	198	4	,	,	PUNCT
gujaf-382	198	5	olawale	olawale	NOUN
gujaf-382	198	6	and	and	CCONJ
gujaf-382	198	7	ilo	ilo	PROPN
gujaf-382	198	8	(	(	PUNCT
gujaf-382	198	9	2021	2021	NUM
gujaf-382	198	10	)	)	PUNCT
gujaf-382	198	11	,	,	PUNCT
gujaf-382	199	1	omar	omar	PROPN
gujaf-382	199	2	farooq	farooq	PROPN
gujaf-382	199	3	et	et	PROPN
gujaf-382	199	4	al	al	PROPN
gujaf-382	199	5	.	.	PROPN
gujaf-382	199	6	(	(	PUNCT
gujaf-382	199	7	2021	2021	NUM
gujaf-382	199	8	)	)	PUNCT
gujaf-382	199	9	and	and	CCONJ
gujaf-382	199	10	lavanya	lavanya	NOUN
gujaf-382	199	11	(	(	PUNCT
gujaf-382	199	12	2021	2021	NUM
gujaf-382	199	13	)	)	PUNCT
gujaf-382	199	14	who	who	PRON
gujaf-382	199	15	discovered	discover	VERB
gujaf-382	199	16	that	that	SCONJ
gujaf-382	199	17	stock	stock	NOUN
gujaf-382	199	18	prices	price	NOUN
gujaf-382	199	19	are	be	AUX
gujaf-382	199	20	affected	affect	VERB
gujaf-382	199	21	by	by	ADP
gujaf-382	199	22	dividends	dividend	NOUN
gujaf-382	199	23	.	.	PUNCT
gujaf-382	200	1	policy	policy	NOUN
gujaf-382	200	2	implications	implication	NOUN
gujaf-382	200	3	the	the	DET
gujaf-382	200	4	study	study	NOUN
gujaf-382	200	5	's	's	PART
gujaf-382	200	6	findings	finding	NOUN
gujaf-382	200	7	have	have	VERB
gujaf-382	200	8	substantial	substantial	ADJ
gujaf-382	200	9	policy	policy	NOUN
gujaf-382	200	10	implications	implication	NOUN
gujaf-382	200	11	for	for	ADP
gujaf-382	200	12	listed	list	VERB
gujaf-382	200	13	financial	financial	ADJ
gujaf-382	200	14	service	service	NOUN
gujaf-382	200	15	firms	firm	NOUN
gujaf-382	200	16	in	in	ADP
gujaf-382	200	17	nigeria	nigeria	PROPN
gujaf-382	200	18	.	.	PUNCT
gujaf-382	201	1	firstly	firstly	ADV
gujaf-382	201	2	,	,	PUNCT
gujaf-382	201	3	the	the	DET
gujaf-382	201	4	significant	significant	ADJ
gujaf-382	201	5	negative	negative	ADJ
gujaf-382	201	6	relationship	relationship	NOUN
gujaf-382	201	7	between	between	ADP
gujaf-382	201	8	leverage	leverage	NOUN
gujaf-382	201	9	(	(	PUNCT
gujaf-382	201	10	lev	lev	NOUN
gujaf-382	201	11	)	)	PUNCT
gujaf-382	201	12	and	and	CCONJ
gujaf-382	201	13	share	share	NOUN
gujaf-382	201	14	prices	price	NOUN
gujaf-382	201	15	(	(	PUNCT
gujaf-382	201	16	sp	sp	NOUN
gujaf-382	201	17	)	)	PUNCT
gujaf-382	201	18	emphasizes	emphasize	VERB
gujaf-382	201	19	the	the	DET
gujaf-382	201	20	importance	importance	NOUN
gujaf-382	201	21	for	for	SCONJ
gujaf-382	201	22	firms	firm	NOUN
gujaf-382	201	23	to	to	PART
gujaf-382	201	24	manage	manage	VERB
gujaf-382	201	25	their	their	PRON
gujaf-382	201	26	debt	debt	NOUN
gujaf-382	201	27	structures	structure	NOUN
gujaf-382	201	28	carefully	carefully	ADV
gujaf-382	201	29	,	,	PUNCT
gujaf-382	201	30	striking	strike	VERB
gujaf-382	201	31	a	a	DET
gujaf-382	201	32	balance	balance	NOUN
gujaf-382	201	33	between	between	ADP
gujaf-382	201	34	reducing	reduce	VERB
gujaf-382	201	35	financial	financial	ADJ
gujaf-382	201	36	risk	risk	NOUN
gujaf-382	201	37	and	and	CCONJ
gujaf-382	201	38	meeting	meet	VERB
gujaf-382	201	39	commitments	commitment	NOUN
gujaf-382	201	40	to	to	PART
gujaf-382	201	41	maintain	maintain	VERB
gujaf-382	201	42	investor	investor	NOUN
gujaf-382	201	43	confidence	confidence	NOUN
gujaf-382	201	44	.	.	PUNCT
gujaf-382	202	1	policymakers	policymaker	NOUN
gujaf-382	202	2	and	and	CCONJ
gujaf-382	202	3	regulatory	regulatory	ADJ
gujaf-382	202	4	bodies	body	NOUN
gujaf-382	202	5	play	play	VERB
gujaf-382	202	6	a	a	DET
gujaf-382	202	7	crucial	crucial	ADJ
gujaf-382	202	8	role	role	NOUN
gujaf-382	202	9	in	in	ADP
gujaf-382	202	10	advocating	advocate	VERB
gujaf-382	202	11	for	for	ADP
gujaf-382	202	12	financial	financial	ADJ
gujaf-382	202	13	literacy	literacy	NOUN
gujaf-382	202	14	initiatives	initiative	NOUN
gujaf-382	202	15	and	and	CCONJ
gujaf-382	202	16	ensuring	ensure	VERB
gujaf-382	202	17	transparency	transparency	NOUN
gujaf-382	202	18	in	in	ADP
gujaf-382	202	19	disclosing	disclose	VERB
gujaf-382	202	20	leverage	leverage	NOUN
gujaf-382	202	21	ratios	ratio	NOUN
gujaf-382	202	22	,	,	PUNCT
gujaf-382	202	23	empowering	empower	VERB
gujaf-382	202	24	investors	investor	NOUN
gujaf-382	202	25	to	to	PART
gujaf-382	202	26	make	make	VERB
gujaf-382	202	27	well	well	ADV
gujaf-382	202	28	-	-	PUNCT
gujaf-382	202	29	informed	inform	VERB
gujaf-382	202	30	decisions	decision	NOUN
gujaf-382	202	31	.	.	PUNCT
gujaf-382	203	1	secondly	secondly	ADV
gujaf-382	203	2	,	,	PUNCT
gujaf-382	203	3	the	the	DET
gujaf-382	203	4	observed	observe	VERB
gujaf-382	203	5	positive	positive	ADJ
gujaf-382	203	6	and	and	CCONJ
gujaf-382	203	7	significant	significant	ADJ
gujaf-382	203	8	relationship	relationship	NOUN
gujaf-382	203	9	between	between	ADP
gujaf-382	203	10	dividend	dividend	NOUN
gujaf-382	203	11	policy	policy	NOUN
gujaf-382	203	12	(	(	PUNCT
gujaf-382	203	13	dp	dp	NOUN
gujaf-382	203	14	)	)	PUNCT
gujaf-382	203	15	and	and	CCONJ
gujaf-382	203	16	share	share	NOUN
gujaf-382	203	17	prices	price	NOUN
gujaf-382	203	18	(	(	PUNCT
gujaf-382	203	19	sp	sp	NOUN
gujaf-382	203	20	)	)	PUNCT
gujaf-382	203	21	highlights	highlight	NOUN
gujaf-382	203	22	the	the	DET
gujaf-382	203	23	potential	potential	ADJ
gujaf-382	203	24	market	market	NOUN
gujaf-382	203	25	value	value	NOUN
gujaf-382	203	26	enhancement	enhancement	NOUN
gujaf-382	203	27	through	through	ADP
gujaf-382	203	28	a	a	DET
gujaf-382	203	29	robust	robust	ADJ
gujaf-382	203	30	dividend	dividend	NOUN
gujaf-382	203	31	distribution	distribution	NOUN
gujaf-382	203	32	strategy	strategy	NOUN
gujaf-382	203	33	.	.	PUNCT
gujaf-382	204	1	financial	financial	ADJ
gujaf-382	204	2	service	service	NOUN
gujaf-382	204	3	firms	firm	NOUN
gujaf-382	204	4	are	be	AUX
gujaf-382	204	5	encouraged	encourage	VERB
gujaf-382	204	6	to	to	PART
gujaf-382	204	7	optimize	optimize	VERB
gujaf-382	204	8	their	their	PRON
gujaf-382	204	9	dividend	dividend	NOUN
gujaf-382	204	10	policies	policy	NOUN
gujaf-382	204	11	to	to	PART
gujaf-382	204	12	attract	attract	VERB
gujaf-382	204	13	income	income	NOUN
gujaf-382	204	14	-	-	PUNCT
gujaf-382	204	15	seeking	seek	VERB
gujaf-382	204	16	investors	investor	NOUN
gujaf-382	204	17	,	,	PUNCT
gujaf-382	204	18	thereby	thereby	ADV
gujaf-382	204	19	boosting	boost	VERB
gujaf-382	204	20	share	share	NOUN
gujaf-382	204	21	prices	price	NOUN
gujaf-382	204	22	.	.	PUNCT
gujaf-382	205	1	in	in	ADP
gujaf-382	205	2	essence	essence	NOUN
gujaf-382	205	3	,	,	PUNCT
gujaf-382	205	4	fostering	foster	VERB
gujaf-382	205	5	a	a	DET
gujaf-382	205	6	collaborative	collaborative	ADJ
gujaf-382	205	7	effort	effort	NOUN
gujaf-382	205	8	among	among	ADP
gujaf-382	205	9	policymakers	policymaker	NOUN
gujaf-382	205	10	,	,	PUNCT
gujaf-382	205	11	gusau	gusau	ADJ
gujaf-382	205	12	journal	journal	NOUN
gujaf-382	205	13	of	of	ADP
gujaf-382	205	14	accounting	accounting	NOUN
gujaf-382	205	15	and	and	CCONJ
gujaf-382	205	16	finance	finance	NOUN
gujaf-382	205	17	,	,	PUNCT
gujaf-382	205	18	vol.6	vol.6	PROPN
gujaf-382	205	19	,	,	PUNCT
gujaf-382	205	20	issue	issue	NOUN
gujaf-382	205	21	1	1	NUM
gujaf-382	205	22	,	,	PUNCT
gujaf-382	205	23	april	april	PROPN
gujaf-382	205	24	,	,	PUNCT
gujaf-382	205	25	2025	2025	NUM
gujaf-382	205	26	251	251	NUM
gujaf-382	205	27	regulators	regulator	NOUN
gujaf-382	205	28	,	,	PUNCT
gujaf-382	205	29	and	and	CCONJ
gujaf-382	205	30	financial	financial	ADJ
gujaf-382	205	31	institutions	institution	NOUN
gujaf-382	205	32	is	be	AUX
gujaf-382	205	33	imperative	imperative	ADJ
gujaf-382	205	34	to	to	PART
gujaf-382	205	35	create	create	VERB
gujaf-382	205	36	an	an	DET
gujaf-382	205	37	environment	environment	NOUN
gujaf-382	205	38	incentivizing	incentivize	VERB
gujaf-382	205	39	prudent	prudent	ADJ
gujaf-382	205	40	debt	debt	NOUN
gujaf-382	205	41	management	management	NOUN
gujaf-382	205	42	and	and	CCONJ
gujaf-382	205	43	effective	effective	ADJ
gujaf-382	205	44	dividend	dividend	NOUN
gujaf-382	205	45	policies	policy	NOUN
gujaf-382	205	46	.	.	PUNCT
gujaf-382	206	1	5.0	5.0	NUM
gujaf-382	206	2	conclusion	conclusion	NOUN
gujaf-382	206	3	and	and	CCONJ
gujaf-382	206	4	recommendations	recommendation	NOUN
gujaf-382	206	5	this	this	DET
gujaf-382	206	6	research	research	NOUN
gujaf-382	206	7	explored	explore	VERB
gujaf-382	206	8	the	the	DET
gujaf-382	206	9	dynamics	dynamic	NOUN
gujaf-382	206	10	of	of	ADP
gujaf-382	206	11	share	share	NOUN
gujaf-382	206	12	prices	price	NOUN
gujaf-382	206	13	in	in	ADP
gujaf-382	206	14	nigerian	nigerian	ADJ
gujaf-382	206	15	listed	list	VERB
gujaf-382	206	16	financial	financial	ADJ
gujaf-382	206	17	services	service	NOUN
gujaf-382	206	18	companies	company	NOUN
gujaf-382	206	19	,	,	PUNCT
gujaf-382	206	20	paying	pay	VERB
gujaf-382	206	21	particular	particular	ADJ
gujaf-382	206	22	attention	attention	NOUN
gujaf-382	206	23	to	to	ADP
gujaf-382	206	24	the	the	DET
gujaf-382	206	25	functions	function	NOUN
gujaf-382	206	26	of	of	ADP
gujaf-382	206	27	dividend	dividend	NOUN
gujaf-382	206	28	policy	policy	NOUN
gujaf-382	206	29	and	and	CCONJ
gujaf-382	206	30	leverage	leverage	NOUN
gujaf-382	206	31	.	.	PUNCT
gujaf-382	207	1	the	the	DET
gujaf-382	207	2	findings	finding	NOUN
gujaf-382	207	3	showed	show	VERB
gujaf-382	207	4	a	a	DET
gujaf-382	207	5	significant	significant	ADJ
gujaf-382	207	6	inverse	inverse	NOUN
gujaf-382	207	7	link	link	NOUN
gujaf-382	207	8	between	between	ADP
gujaf-382	207	9	share	share	NOUN
gujaf-382	207	10	prices	price	NOUN
gujaf-382	207	11	(	(	PUNCT
gujaf-382	207	12	sp	sp	NOUN
gujaf-382	207	13	)	)	PUNCT
gujaf-382	207	14	and	and	CCONJ
gujaf-382	207	15	leverage	leverage	NOUN
gujaf-382	207	16	(	(	PUNCT
gujaf-382	207	17	lev	lev	NOUN
gujaf-382	207	18	)	)	PUNCT
gujaf-382	207	19	,	,	PUNCT
gujaf-382	207	20	therefore	therefore	ADV
gujaf-382	207	21	,	,	PUNCT
gujaf-382	207	22	concludes	conclude	VERB
gujaf-382	207	23	that	that	SCONJ
gujaf-382	207	24	prudent	prudent	ADJ
gujaf-382	207	25	debt	debt	NOUN
gujaf-382	207	26	structure	structure	NOUN
gujaf-382	207	27	management	management	NOUN
gujaf-382	207	28	is	be	AUX
gujaf-382	207	29	essential	essential	ADJ
gujaf-382	207	30	to	to	ADP
gujaf-382	207	31	preserving	preserve	VERB
gujaf-382	207	32	investor	investor	NOUN
gujaf-382	207	33	confidence	confidence	NOUN
gujaf-382	207	34	.	.	PUNCT
gujaf-382	208	1	it	it	PRON
gujaf-382	208	2	becomes	become	VERB
gujaf-382	208	3	crucial	crucial	ADJ
gujaf-382	208	4	to	to	PART
gujaf-382	208	5	find	find	VERB
gujaf-382	208	6	a	a	DET
gujaf-382	208	7	balance	balance	NOUN
gujaf-382	208	8	between	between	ADP
gujaf-382	208	9	fulfilling	fulfil	VERB
gujaf-382	208	10	obligations	obligation	NOUN
gujaf-382	208	11	and	and	CCONJ
gujaf-382	208	12	lowering	lower	VERB
gujaf-382	208	13	risk	risk	NOUN
gujaf-382	208	14	exposure	exposure	NOUN
gujaf-382	208	15	.	.	PUNCT
gujaf-382	209	1	conversely	conversely	ADV
gujaf-382	209	2	,	,	PUNCT
gujaf-382	209	3	a	a	DET
gujaf-382	209	4	significant	significant	ADJ
gujaf-382	209	5	and	and	CCONJ
gujaf-382	209	6	positive	positive	ADJ
gujaf-382	209	7	correlation	correlation	NOUN
gujaf-382	209	8	was	be	AUX
gujaf-382	209	9	shown	show	VERB
gujaf-382	209	10	between	between	ADP
gujaf-382	209	11	share	share	NOUN
gujaf-382	209	12	prices	price	NOUN
gujaf-382	209	13	(	(	PUNCT
gujaf-382	209	14	sp	sp	NOUN
gujaf-382	209	15	)	)	PUNCT
gujaf-382	209	16	and	and	CCONJ
gujaf-382	209	17	dividend	dividend	NOUN
gujaf-382	209	18	policy	policy	NOUN
gujaf-382	209	19	(	(	PUNCT
gujaf-382	209	20	dp	dp	NOUN
gujaf-382	209	21	)	)	PUNCT
gujaf-382	209	22	,	,	PUNCT
gujaf-382	209	23	indicating	indicate	VERB
gujaf-382	209	24	that	that	SCONJ
gujaf-382	209	25	a	a	DET
gujaf-382	209	26	company	company	NOUN
gujaf-382	209	27	's	's	PART
gujaf-382	209	28	market	market	NOUN
gujaf-382	209	29	value	value	NOUN
gujaf-382	209	30	may	may	AUX
gujaf-382	209	31	be	be	AUX
gujaf-382	209	32	increased	increase	VERB
gujaf-382	209	33	by	by	ADP
gujaf-382	209	34	cultivating	cultivate	VERB
gujaf-382	209	35	a	a	DET
gujaf-382	209	36	strong	strong	ADJ
gujaf-382	209	37	dividend	dividend	NOUN
gujaf-382	209	38	distribution	distribution	NOUN
gujaf-382	209	39	plan	plan	NOUN
gujaf-382	209	40	.	.	PUNCT
gujaf-382	210	1	the	the	DET
gujaf-382	210	2	analysis	analysis	NOUN
gujaf-382	210	3	emphasizes	emphasize	VERB
gujaf-382	210	4	how	how	SCONJ
gujaf-382	210	5	crucial	crucial	ADJ
gujaf-382	210	6	sound	sound	ADJ
gujaf-382	210	7	dividend	dividend	NOUN
gujaf-382	210	8	policies	policy	NOUN
gujaf-382	210	9	and	and	CCONJ
gujaf-382	210	10	responsible	responsible	ADJ
gujaf-382	210	11	debt	debt	NOUN
gujaf-382	210	12	management	management	NOUN
gujaf-382	210	13	are	be	AUX
gujaf-382	210	14	for	for	ADP
gujaf-382	210	15	financial	financial	ADJ
gujaf-382	210	16	services	service	NOUN
gujaf-382	210	17	companies	company	NOUN
gujaf-382	210	18	.	.	PUNCT
gujaf-382	211	1	policymakers	policymaker	NOUN
gujaf-382	211	2	,	,	PUNCT
gujaf-382	211	3	regulators	regulator	NOUN
gujaf-382	211	4	,	,	PUNCT
gujaf-382	211	5	and	and	CCONJ
gujaf-382	211	6	financial	financial	ADJ
gujaf-382	211	7	institutions	institution	NOUN
gujaf-382	211	8	seeking	seek	VERB
gujaf-382	211	9	to	to	PART
gujaf-382	211	10	establish	establish	VERB
gujaf-382	211	11	a	a	DET
gujaf-382	211	12	robust	robust	ADJ
gujaf-382	211	13	and	and	CCONJ
gujaf-382	211	14	investorfriendly	investorfriendly	ADV
gujaf-382	211	15	financial	financial	ADJ
gujaf-382	211	16	environment	environment	NOUN
gujaf-382	211	17	in	in	ADP
gujaf-382	211	18	nigeria	nigeria	PROPN
gujaf-382	211	19	may	may	AUX
gujaf-382	211	20	benefit	benefit	VERB
gujaf-382	211	21	greatly	greatly	ADV
gujaf-382	211	22	from	from	ADP
gujaf-382	211	23	these	these	DET
gujaf-382	211	24	results	result	NOUN
gujaf-382	211	25	.	.	PUNCT
gujaf-382	212	1	based	base	VERB
gujaf-382	212	2	on	on	ADP
gujaf-382	212	3	the	the	DET
gujaf-382	212	4	research	research	NOUN
gujaf-382	212	5	findings	finding	NOUN
gujaf-382	212	6	,	,	PUNCT
gujaf-382	212	7	management	management	NOUN
gujaf-382	212	8	of	of	ADP
gujaf-382	212	9	financial	financial	ADJ
gujaf-382	212	10	services	service	NOUN
gujaf-382	212	11	companies	company	NOUN
gujaf-382	212	12	in	in	ADP
gujaf-382	212	13	nigeria	nigeria	PROPN
gujaf-382	212	14	are	be	AUX
gujaf-382	212	15	advised	advise	VERB
gujaf-382	212	16	to	to	PART
gujaf-382	212	17	prioritize	prioritize	VERB
gujaf-382	212	18	prudent	prudent	ADJ
gujaf-382	212	19	debt	debt	NOUN
gujaf-382	212	20	structure	structure	NOUN
gujaf-382	212	21	management	management	NOUN
gujaf-382	212	22	by	by	ADP
gujaf-382	212	23	striking	strike	VERB
gujaf-382	212	24	a	a	DET
gujaf-382	212	25	careful	careful	ADJ
gujaf-382	212	26	balance	balance	NOUN
gujaf-382	212	27	between	between	ADP
gujaf-382	212	28	meeting	meet	VERB
gujaf-382	212	29	financial	financial	ADJ
gujaf-382	212	30	obligations	obligation	NOUN
gujaf-382	212	31	and	and	CCONJ
gujaf-382	212	32	minimizing	minimize	VERB
gujaf-382	212	33	risk	risk	NOUN
gujaf-382	212	34	exposure	exposure	NOUN
gujaf-382	212	35	,	,	PUNCT
gujaf-382	212	36	considering	consider	VERB
gujaf-382	212	37	the	the	DET
gujaf-382	212	38	significant	significant	ADJ
gujaf-382	212	39	inverse	inverse	NOUN
gujaf-382	212	40	link	link	NOUN
gujaf-382	212	41	between	between	ADP
gujaf-382	212	42	share	share	NOUN
gujaf-382	212	43	prices	price	NOUN
gujaf-382	212	44	and	and	CCONJ
gujaf-382	212	45	leverage	leverage	NOUN
gujaf-382	212	46	.	.	PUNCT
gujaf-382	213	1	the	the	DET
gujaf-382	213	2	study	study	NOUN
gujaf-382	213	3	also	also	ADV
gujaf-382	213	4	recommends	recommend	VERB
gujaf-382	213	5	that	that	SCONJ
gujaf-382	213	6	,	,	PUNCT
gujaf-382	213	7	management	management	NOUN
gujaf-382	213	8	should	should	AUX
gujaf-382	213	9	focus	focus	VERB
gujaf-382	213	10	on	on	ADP
gujaf-382	213	11	cultivating	cultivate	VERB
gujaf-382	213	12	strong	strong	ADJ
gujaf-382	213	13	and	and	CCONJ
gujaf-382	213	14	sustainable	sustainable	ADJ
gujaf-382	213	15	dividend	dividend	NOUN
gujaf-382	213	16	distribution	distribution	NOUN
gujaf-382	213	17	plans	plan	NOUN
gujaf-382	213	18	,	,	PUNCT
gujaf-382	213	19	as	as	SCONJ
gujaf-382	213	20	the	the	DET
gujaf-382	213	21	positive	positive	ADJ
gujaf-382	213	22	correlation	correlation	NOUN
gujaf-382	213	23	between	between	ADP
gujaf-382	213	24	share	share	NOUN
gujaf-382	213	25	prices	price	NOUN
gujaf-382	213	26	and	and	CCONJ
gujaf-382	213	27	dividend	dividend	NOUN
gujaf-382	213	28	policy	policy	NOUN
gujaf-382	213	29	indicates	indicate	VERB
gujaf-382	213	30	its	its	PRON
gujaf-382	213	31	potential	potential	NOUN
gujaf-382	213	32	to	to	PART
gujaf-382	213	33	increase	increase	VERB
gujaf-382	213	34	market	market	NOUN
gujaf-382	213	35	value	value	NOUN
gujaf-382	213	36	.	.	PUNCT
gujaf-382	214	1	they	they	PRON
gujaf-382	214	2	should	should	AUX
gujaf-382	214	3	carefully	carefully	ADV
gujaf-382	214	4	assess	assess	VERB
gujaf-382	214	5	their	their	PRON
gujaf-382	214	6	financial	financial	ADJ
gujaf-382	214	7	health	health	NOUN
gujaf-382	214	8	,	,	PUNCT
gujaf-382	214	9	profitability	profitability	NOUN
gujaf-382	214	10	,	,	PUNCT
gujaf-382	214	11	and	and	CCONJ
gujaf-382	214	12	overall	overall	ADJ
gujaf-382	214	13	risk	risk	NOUN
gujaf-382	214	14	profile	profile	NOUN
gujaf-382	214	15	to	to	PART
gujaf-382	214	16	make	make	VERB
gujaf-382	214	17	informed	informed	ADJ
gujaf-382	214	18	decisions	decision	NOUN
gujaf-382	214	19	about	about	ADP
gujaf-382	214	20	dividends	dividend	NOUN
gujaf-382	214	21	and	and	CCONJ
gujaf-382	214	22	leverage	leverage	NOUN
gujaf-382	214	23	.	.	PUNCT
gujaf-382	215	1	transparent	transparent	ADJ
gujaf-382	215	2	communication	communication	NOUN
gujaf-382	215	3	about	about	ADP
gujaf-382	215	4	dividend	dividend	NOUN
gujaf-382	215	5	policies	policy	NOUN
gujaf-382	215	6	and	and	CCONJ
gujaf-382	215	7	debt	debt	NOUN
gujaf-382	215	8	management	management	NOUN
gujaf-382	215	9	strategies	strategy	NOUN
gujaf-382	215	10	is	be	AUX
gujaf-382	215	11	crucial	crucial	ADJ
gujaf-382	215	12	to	to	ADP
gujaf-382	215	13	building	build	VERB
gujaf-382	215	14	and	and	CCONJ
gujaf-382	215	15	maintaining	maintain	VERB
gujaf-382	215	16	investor	investor	NOUN
gujaf-382	215	17	trust	trust	NOUN
gujaf-382	215	18	.	.	PUNCT
gujaf-382	216	1	policymakers	policymaker	NOUN
gujaf-382	216	2	and	and	CCONJ
gujaf-382	216	3	regulators	regulator	NOUN
gujaf-382	216	4	can	can	AUX
gujaf-382	216	5	contribute	contribute	VERB
gujaf-382	216	6	by	by	ADP
gujaf-382	216	7	considering	consider	VERB
gujaf-382	216	8	guidelines	guideline	NOUN
gujaf-382	216	9	or	or	CCONJ
gujaf-382	216	10	regulations	regulation	NOUN
gujaf-382	216	11	that	that	PRON
gujaf-382	216	12	encourage	encourage	VERB
gujaf-382	216	13	responsible	responsible	ADJ
gujaf-382	216	14	financial	financial	ADJ
gujaf-382	216	15	practices	practice	NOUN
gujaf-382	216	16	among	among	ADP
gujaf-382	216	17	listed	list	VERB
gujaf-382	216	18	financial	financial	ADJ
gujaf-382	216	19	services	service	NOUN
gujaf-382	216	20	companies	company	NOUN
gujaf-382	216	21	.	.	PUNCT
gujaf-382	217	1	continuous	continuous	ADJ
gujaf-382	217	2	monitoring	monitoring	NOUN
gujaf-382	217	3	of	of	ADP
gujaf-382	217	4	market	market	NOUN
gujaf-382	217	5	conditions	condition	NOUN
gujaf-382	217	6	and	and	CCONJ
gujaf-382	217	7	adaptability	adaptability	NOUN
gujaf-382	217	8	to	to	ADP
gujaf-382	217	9	changing	change	VERB
gujaf-382	217	10	economic	economic	ADJ
gujaf-382	217	11	landscapes	landscape	NOUN
gujaf-382	217	12	are	be	AUX
gujaf-382	217	13	emphasized	emphasize	VERB
gujaf-382	217	14	to	to	PART
gujaf-382	217	15	ensure	ensure	VERB
gujaf-382	217	16	long	long	ADJ
gujaf-382	217	17	-	-	PUNCT
gujaf-382	217	18	term	term	NOUN
gujaf-382	217	19	resilience	resilience	NOUN
gujaf-382	217	20	and	and	CCONJ
gujaf-382	217	21	investor	investor	NOUN
gujaf-382	217	22	confidence	confidence	NOUN
gujaf-382	217	23	.	.	PUNCT
gujaf-382	218	1	these	these	DET
gujaf-382	218	2	measures	measure	NOUN
gujaf-382	218	3	collectively	collectively	ADV
gujaf-382	218	4	aim	aim	VERB
gujaf-382	218	5	to	to	PART
gujaf-382	218	6	foster	foster	VERB
gujaf-382	218	7	a	a	DET
gujaf-382	218	8	more	more	ADV
gujaf-382	218	9	stable	stable	ADJ
gujaf-382	218	10	and	and	CCONJ
gujaf-382	218	11	investor	investor	NOUN
gujaf-382	218	12	-	-	PUNCT
gujaf-382	218	13	friendly	friendly	ADJ
gujaf-382	218	14	financial	financial	ADJ
gujaf-382	218	15	environment	environment	NOUN
gujaf-382	218	16	in	in	ADP
gujaf-382	218	17	nigeria	nigeria	PROPN
gujaf-382	218	18	.	.	PUNCT
gujaf-382	219	1	references	reference	NOUN
gujaf-382	219	2	abdelkarim	abdelkarim	PROPN
gujaf-382	219	3	,	,	PUNCT
gujaf-382	219	4	m.a	m.a	PROPN
gujaf-382	219	5	.	.	PROPN
gujaf-382	219	6	(	(	PUNCT
gujaf-382	219	7	2014	2014	NUM
gujaf-382	219	8	)	)	PUNCT
gujaf-382	219	9	.	.	PUNCT
gujaf-382	220	1	determinants	determinant	NOUN
gujaf-382	220	2	of	of	ADP
gujaf-382	220	3	equity	equity	NOUN
gujaf-382	220	4	share	share	NOUN
gujaf-382	220	5	prices	price	NOUN
gujaf-382	220	6	of	of	ADP
gujaf-382	220	7	the	the	DET
gujaf-382	220	8	listed	list	VERB
gujaf-382	220	9	banks	bank	NOUN
gujaf-382	220	10	in	in	ADP
gujaf-382	220	11	amman	amman	PROPN
gujaf-382	220	12	stock	stock	PROPN
gujaf-382	220	13	exchange	exchange	PROPN
gujaf-382	220	14	:	:	PUNCT
gujaf-382	220	15	quantitative	quantitative	ADJ
gujaf-382	220	16	approach	approach	NOUN
gujaf-382	220	17	.	.	PUNCT
gujaf-382	221	1	international	international	ADJ
gujaf-382	221	2	journal	journal	PROPN
gujaf-382	221	3	of	of	ADP
gujaf-382	221	4	business	business	NOUN
gujaf-382	221	5	and	and	CCONJ
gujaf-382	221	6	social	social	ADJ
gujaf-382	221	7	science	science	NOUN
gujaf-382	221	8	,	,	PUNCT
gujaf-382	221	9	5(1	5(1	NUM
gujaf-382	221	10	)	)	PUNCT
gujaf-382	221	11	,	,	PUNCT
gujaf-382	221	12	91	91	NUM
gujaf-382	221	13	-	-	SYM
gujaf-382	221	14	104	104	NUM
gujaf-382	221	15	.	.	PUNCT
gujaf-382	222	1	akib	akib	NOUN
gujaf-382	222	2	,	,	PUNCT
gujaf-382	222	3	m.	m.	NOUN
gujaf-382	222	4	,	,	PUNCT
gujaf-382	222	5	mulyati	mulyati	PROPN
gujaf-382	222	6	,	,	PUNCT
gujaf-382	222	7	n.	n.	NOUN
gujaf-382	222	8	,	,	PUNCT
gujaf-382	222	9	nurdin	nurdin	PROPN
gujaf-382	222	10	,	,	PUNCT
gujaf-382	222	11	e.	e.	PROPN
gujaf-382	222	12	,	,	PUNCT
gujaf-382	222	13	purnaman	purnaman	NOUN
gujaf-382	222	14	,	,	PUNCT
gujaf-382	222	15	s.	s.	PROPN
gujaf-382	222	16	,	,	PUNCT
gujaf-382	222	17	&	&	CCONJ
gujaf-382	222	18	anwar	anwar	PROPN
gujaf-382	222	19	,	,	PUNCT
gujaf-382	222	20	f.	f.	PROPN
gujaf-382	222	21	(	(	PUNCT
gujaf-382	222	22	2023	2023	NUM
gujaf-382	222	23	)	)	PUNCT
gujaf-382	222	24	.	.	PUNCT
gujaf-382	223	1	does	do	AUX
gujaf-382	223	2	capital	capital	NOUN
gujaf-382	223	3	structure	structure	NOUN
gujaf-382	223	4	,	,	PUNCT
gujaf-382	223	5	profitability	profitability	NOUN
gujaf-382	223	6	,	,	PUNCT
gujaf-382	223	7	and	and	CCONJ
gujaf-382	223	8	dividend	dividend	NOUN
gujaf-382	223	9	policy	policy	NOUN
gujaf-382	223	10	improve	improve	VERB
gujaf-382	223	11	stock	stock	NOUN
gujaf-382	223	12	prices	price	NOUN
gujaf-382	223	13	in	in	ADP
gujaf-382	223	14	indonesia	indonesia	PROPN
gujaf-382	223	15	stock	stock	PROPN
gujaf-382	223	16	exchange	exchange	PROPN
gujaf-382	223	17	?	?	PUNCT
gujaf-382	224	1	international	international	ADJ
gujaf-382	224	2	journal	journal	PROPN
gujaf-382	224	3	of	of	ADP
gujaf-382	224	4	professional	professional	PROPN
gujaf-382	224	5	business	business	PROPN
gujaf-382	224	6	review	review	NOUN
gujaf-382	224	7	,	,	PUNCT
gujaf-382	224	8	8	8	NUM
gujaf-382	224	9	.	.	PUNCT
gujaf-382	225	1	https://doi.org/10.26668/businessreview/2023.v8i6.2395	https://doi.org/10.26668/businessreview/2023.v8i6.2395	INTJ
gujaf-382	225	2	al	al	PROPN
gujaf-382	225	3	qaisi	qaisi	PROPN
gujaf-382	225	4	,	,	PUNCT
gujaf-382	225	5	f.	f.	PROPN
gujaf-382	225	6	,	,	PUNCT
gujaf-382	225	7	tahtamouni	tahtamouni	PROPN
gujaf-382	225	8	,	,	PUNCT
gujaf-382	225	9	a.	a.	PROPN
gujaf-382	225	10	,	,	PUNCT
gujaf-382	225	11	&	&	CCONJ
gujaf-382	225	12	al	al	PROPN
gujaf-382	225	13	-	-	PUNCT
gujaf-382	225	14	qudah	qudah	PROPN
gujaf-382	225	15	,	,	PUNCT
gujaf-382	225	16	m(2016	m(2016	PROPN
gujaf-382	225	17	)	)	PUNCT
gujaf-382	225	18	.	.	PUNCT
gujaf-382	226	1	factors	factor	NOUN
gujaf-382	226	2	affecting	affect	VERB
gujaf-382	226	3	the	the	DET
gujaf-382	226	4	market	market	NOUN
gujaf-382	226	5	stock	stock	NOUN
gujaf-382	226	6	price	price	NOUN
gujaf-382	226	7	the	the	DET
gujaf-382	226	8	case	case	NOUN
gujaf-382	226	9	of	of	ADP
gujaf-382	226	10	the	the	DET
gujaf-382	226	11	insurance	insurance	NOUN
gujaf-382	226	12	companies	company	NOUN
gujaf-382	226	13	listed	list	VERB
gujaf-382	226	14	in	in	ADP
gujaf-382	226	15	amman	amman	PROPN
gujaf-382	226	16	stock	stock	PROPN
gujaf-382	226	17	exchange	exchange	PROPN
gujaf-382	226	18	.	.	PUNCT
gujaf-382	227	1	international	international	ADJ
gujaf-382	227	2	journal	journal	PROPN
gujaf-382	227	3	of	of	ADP
gujaf-382	227	4	business	business	NOUN
gujaf-382	227	5	and	and	CCONJ
gujaf-382	227	6	social	social	ADJ
gujaf-382	227	7	science	science	NOUN
gujaf-382	227	8	.	.	PUNCT
gujaf-382	228	1	7(10	7(10	X
gujaf-382	228	2	)	)	PUNCT
gujaf-382	228	3	gusau	gusau	ADJ
gujaf-382	228	4	journal	journal	NOUN
gujaf-382	228	5	of	of	ADP
gujaf-382	228	6	accounting	accounting	NOUN
gujaf-382	228	7	and	and	CCONJ
gujaf-382	228	8	finance	finance	NOUN
gujaf-382	228	9	,	,	PUNCT
gujaf-382	228	10	vol.6	vol.6	PROPN
gujaf-382	228	11	,	,	PUNCT
gujaf-382	228	12	issue	issue	NOUN
gujaf-382	228	13	1	1	NUM
gujaf-382	228	14	,	,	PUNCT
gujaf-382	228	15	april	april	PROPN
gujaf-382	228	16	,	,	PUNCT
gujaf-382	228	17	2025	2025	NUM
gujaf-382	228	18	252	252	NUM
gujaf-382	228	19	alam	alam	PROPN
gujaf-382	228	20	,	,	PUNCT
gujaf-382	228	21	k.	k.	PROPN
gujaf-382	228	22	,	,	PUNCT
gujaf-382	228	23	&	&	CCONJ
gujaf-382	228	24	islam	islam	PROPN
gujaf-382	228	25	,	,	PUNCT
gujaf-382	228	26	m.	m.	NOUN
gujaf-382	228	27	a.	a.	NOUN
gujaf-382	228	28	(	(	PUNCT
gujaf-382	228	29	2022	2022	NUM
gujaf-382	228	30	)	)	PUNCT
gujaf-382	228	31	.	.	PUNCT
gujaf-382	229	1	firm	firm	ADJ
gujaf-382	229	2	attributes	attribute	NOUN
gujaf-382	229	3	and	and	CCONJ
gujaf-382	229	4	financial	financial	ADJ
gujaf-382	229	5	performance	performance	NOUN
gujaf-382	229	6	:	:	PUNCT
gujaf-382	229	7	evidence	evidence	NOUN
gujaf-382	229	8	from	from	ADP
gujaf-382	229	9	listed	list	VERB
gujaf-382	229	10	manufacturing	manufacturing	NOUN
gujaf-382	229	11	firms	firm	NOUN
gujaf-382	229	12	in	in	ADP
gujaf-382	229	13	bangladesh	bangladesh	PROPN
gujaf-382	229	14	.	.	PUNCT
gujaf-382	230	1	journal	journal	PROPN
gujaf-382	230	2	of	of	ADP
gujaf-382	230	3	business	business	NOUN
gujaf-382	230	4	economics	economic	NOUN
gujaf-382	230	5	and	and	CCONJ
gujaf-382	230	6	management	management	NOUN
gujaf-382	230	7	,	,	PUNCT
gujaf-382	230	8	23(1	23(1	NUM
gujaf-382	230	9	)	)	PUNCT
gujaf-382	230	10	,	,	PUNCT
gujaf-382	230	11	139	139	NUM
gujaf-382	230	12	-	-	SYM
gujaf-382	230	13	155	155	NUM
gujaf-382	230	14	.	.	PUNCT
gujaf-382	230	15	ali	ali	PROPN
gujaf-382	230	16	,	,	PUNCT
gujaf-382	230	17	h.	h.	PROPN
gujaf-382	230	18	,	,	PUNCT
gujaf-382	230	19	&	&	CCONJ
gujaf-382	230	20	hegazy	hegazy	PROPN
gujaf-382	230	21	,	,	PUNCT
gujaf-382	230	22	a.	a.	PROPN
gujaf-382	230	23	y.	y.	PROPN
gujaf-382	230	24	(	(	PUNCT
gujaf-382	230	25	2022	2022	NUM
gujaf-382	230	26	)	)	PUNCT
gujaf-382	230	27	.	.	PUNCT
gujaf-382	231	1	dividend	dividend	NOUN
gujaf-382	231	2	policy	policy	NOUN
gujaf-382	231	3	,	,	PUNCT
gujaf-382	231	4	risk	risk	NOUN
gujaf-382	231	5	and	and	CCONJ
gujaf-382	231	6	the	the	DET
gujaf-382	231	7	cross	cross	NOUN
gujaf-382	231	8	-	-	NOUN
gujaf-382	231	9	section	section	NOUN
gujaf-382	231	10	of	of	ADP
gujaf-382	231	11	stock	stock	NOUN
gujaf-382	231	12	returns	return	NOUN
gujaf-382	231	13	:	:	PUNCT
gujaf-382	231	14	evidence	evidence	NOUN
gujaf-382	231	15	from	from	ADP
gujaf-382	231	16	india	india	PROPN
gujaf-382	231	17	.	.	PUNCT
gujaf-382	232	1	international	international	ADJ
gujaf-382	232	2	review	review	PROPN
gujaf-382	232	3	of	of	ADP
gujaf-382	232	4	economics	economics	PROPN
gujaf-382	232	5	&	&	CCONJ
gujaf-382	232	6	finance	finance	PROPN
gujaf-382	232	7	,	,	PUNCT
gujaf-382	232	8	79	79	NUM
gujaf-382	232	9	,	,	PUNCT
gujaf-382	232	10	169	169	NUM
gujaf-382	232	11	-	-	SYM
gujaf-382	232	12	192	192	NUM
gujaf-382	232	13	.	.	PUNCT
gujaf-382	233	1	araoye	araoye	NOUN
gujaf-382	233	2	,	,	PUNCT
gujaf-382	233	3	f.b	f.b	PROPN
gujaf-382	233	4	.	.	PROPN
gujaf-382	233	5	,	,	PUNCT
gujaf-382	233	6	aruwaji	aruwaji	PROPN
gujaf-382	233	7	.	.	PUNCT
gujaf-382	234	1	a.m	a.m	PROPN
gujaf-382	234	2	&	&	CCONJ
gujaf-382	234	3	ajayi	ajayi	PROPN
gujaf-382	234	4	,	,	PUNCT
gujaf-382	234	5	e.	e.	PROPN
gujaf-382	234	6	o.	o.	PROPN
gujaf-382	234	7	(	(	PUNCT
gujaf-382	234	8	2019	2019	NUM
gujaf-382	234	9	)	)	PUNCT
gujaf-382	234	10	.	.	PUNCT
gujaf-382	235	1	effect	effect	NOUN
gujaf-382	235	2	of	of	ADP
gujaf-382	235	3	dividend	dividend	NOUN
gujaf-382	235	4	policy	policy	NOUN
gujaf-382	235	5	on	on	ADP
gujaf-382	235	6	stock	stock	NOUN
gujaf-382	235	7	price	price	NOUN
gujaf-382	235	8	volatility	volatility	NOUN
gujaf-382	235	9	in	in	ADP
gujaf-382	235	10	nigeria	nigeria	PROPN
gujaf-382	235	11	exchange	exchange	PROPN
gujaf-382	235	12	.	.	PUNCT
gujaf-382	236	1	international	international	ADJ
gujaf-382	236	2	journal	journal	PROPN
gujaf-382	236	3	of	of	ADP
gujaf-382	236	4	accounting	accounting	NOUN
gujaf-382	236	5	and	and	CCONJ
gujaf-382	236	6	financial	financial	ADJ
gujaf-382	236	7	reporting	reporting	NOUN
gujaf-382	236	8	.	.	PUNCT
gujaf-382	237	1	,	,	PUNCT
gujaf-382	237	2	9	9	NUM
gujaf-382	237	3	(	(	PUNCT
gujaf-382	237	4	2	2	NUM
gujaf-382	237	5	)	)	PUNCT
gujaf-382	237	6	.	.	PUNCT
gujaf-382	238	1	barros	barros	PROPN
gujaf-382	238	2	,	,	PUNCT
gujaf-382	238	3	v.	v.	ADV
gujaf-382	238	4	,	,	PUNCT
gujaf-382	238	5	matos	matos	PROPN
gujaf-382	238	6	,	,	PUNCT
gujaf-382	238	7	p.	p.	NOUN
gujaf-382	238	8	v.	v.	PROPN
gujaf-382	238	9	,	,	PUNCT
gujaf-382	238	10	&	&	CCONJ
gujaf-382	238	11	sarmento	sarmento	PROPN
gujaf-382	238	12	,	,	PUNCT
gujaf-382	238	13	j.	j.	PROPN
gujaf-382	238	14	m.	m.	PROPN
gujaf-382	238	15	(	(	PUNCT
gujaf-382	238	16	2020	2020	NUM
gujaf-382	238	17	)	)	PUNCT
gujaf-382	238	18	.	.	PUNCT
gujaf-382	239	1	what	what	PRON
gujaf-382	239	2	firm	firm	NOUN
gujaf-382	239	3	’s	’s	PART
gujaf-382	239	4	characteristics	characteristic	NOUN
gujaf-382	239	5	drive	drive	VERB
gujaf-382	239	6	the	the	DET
gujaf-382	239	7	dividend	dividend	NOUN
gujaf-382	239	8	policy	policy	NOUN
gujaf-382	239	9	?	?	PUNCT
gujaf-382	240	1	a	a	DET
gujaf-382	240	2	mixed	mix	VERB
gujaf-382	240	3	-	-	PUNCT
gujaf-382	240	4	method	method	NOUN
gujaf-382	240	5	study	study	NOUN
gujaf-382	240	6	on	on	ADP
gujaf-382	240	7	the	the	DET
gujaf-382	240	8	euronext	euronext	PROPN
gujaf-382	240	9	stock	stock	PROPN
gujaf-382	240	10	exchange	exchange	PROPN
gujaf-382	240	11	.	.	PUNCT
gujaf-382	241	1	journal	journal	PROPN
gujaf-382	241	2	of	of	ADP
gujaf-382	241	3	business	business	NOUN
gujaf-382	241	4	research	research	NOUN
gujaf-382	241	5	,	,	PUNCT
gujaf-382	241	6	115	115	NUM
gujaf-382	241	7	,	,	PUNCT
gujaf-382	241	8	365	365	NUM
gujaf-382	241	9	-	-	SYM
gujaf-382	241	10	377	377	NUM
gujaf-382	241	11	.	.	PUNCT
gujaf-382	242	1	bhattacharya	bhattacharya	PROPN
gujaf-382	242	2	,	,	PUNCT
gujaf-382	242	3	s.	s.	PROPN
gujaf-382	242	4	(	(	PUNCT
gujaf-382	242	5	1979	1979	NUM
gujaf-382	242	6	)	)	PUNCT
gujaf-382	242	7	.	.	PUNCT
gujaf-382	243	1	imperfect	imperfect	ADJ
gujaf-382	243	2	information	information	NOUN
gujaf-382	243	3	,	,	PUNCT
gujaf-382	243	4	dividend	dividend	NOUN
gujaf-382	243	5	policy	policy	NOUN
gujaf-382	243	6	,	,	PUNCT
gujaf-382	243	7	and	and	CCONJ
gujaf-382	243	8	“	"	PUNCT
gujaf-382	243	9	the	the	DET
gujaf-382	243	10	bird	bird	NOUN
gujaf-382	243	11	in	in	ADP
gujaf-382	243	12	the	the	DET
gujaf-382	243	13	hand	hand	NOUN
gujaf-382	243	14	”	"	PUNCT
gujaf-382	243	15	fallacy	fallacy	NOUN
gujaf-382	243	16	.	.	PUNCT
gujaf-382	244	1	bell	bell	PROPN
gujaf-382	244	2	journal	journal	PROPN
gujaf-382	244	3	of	of	ADP
gujaf-382	244	4	economics	economic	NOUN
gujaf-382	244	5	,	,	PUNCT
gujaf-382	244	6	10(1	10(1	NUM
gujaf-382	244	7	)	)	PUNCT
gujaf-382	244	8	,	,	PUNCT
gujaf-382	244	9	259	259	NUM
gujaf-382	244	10	-	-	SYM
gujaf-382	244	11	270	270	NUM
gujaf-382	244	12	.	.	PUNCT
gujaf-382	245	1	bodie	bodie	PROPN
gujaf-382	245	2	,	,	PUNCT
gujaf-382	245	3	z.	z.	PROPN
gujaf-382	245	4	,	,	PUNCT
gujaf-382	245	5	kane	kane	PROPN
gujaf-382	245	6	,	,	PUNCT
gujaf-382	245	7	a.	a.	PROPN
gujaf-382	245	8	,	,	PUNCT
gujaf-382	245	9	&	&	CCONJ
gujaf-382	245	10	marcus	marcus	PROPN
gujaf-382	245	11	,	,	PUNCT
gujaf-382	245	12	a.	a.	PROPN
gujaf-382	245	13	j.	j.	PROPN
gujaf-382	245	14	(	(	PUNCT
gujaf-382	245	15	2018	2018	NUM
gujaf-382	245	16	)	)	PUNCT
gujaf-382	245	17	.	.	PUNCT
gujaf-382	246	1	investments	investment	NOUN
gujaf-382	246	2	.	.	PUNCT
gujaf-382	247	1	new	new	PROPN
gujaf-382	247	2	york	york	PROPN
gujaf-382	247	3	,	,	PUNCT
gujaf-382	247	4	ny	ny	PROPN
gujaf-382	247	5	:	:	PUNCT
gujaf-382	247	6	mcgraw	mcgraw	PROPN
gujaf-382	247	7	-	-	PUNCT
gujaf-382	247	8	hill	hill	NOUN
gujaf-382	247	9	education	education	NOUN
gujaf-382	247	10	.	.	PUNCT
gujaf-382	248	1	bozos	bozos	PROPN
gujaf-382	248	2	,	,	PUNCT
gujaf-382	248	3	k.	k.	PROPN
gujaf-382	248	4	,	,	PUNCT
gujaf-382	248	5	&	&	CCONJ
gujaf-382	248	6	nikolopoulos	nikolopoulos	PROPN
gujaf-382	248	7	,	,	PUNCT
gujaf-382	248	8	k.	k.	PROPN
gujaf-382	248	9	(	(	PUNCT
gujaf-382	248	10	2011	2011	NUM
gujaf-382	248	11	)	)	PUNCT
gujaf-382	248	12	.	.	PUNCT
gujaf-382	249	1	forecasting	forecast	VERB
gujaf-382	249	2	the	the	DET
gujaf-382	249	3	value	value	NOUN
gujaf-382	249	4	effect	effect	NOUN
gujaf-382	249	5	of	of	ADP
gujaf-382	249	6	seasoned	seasoned	ADJ
gujaf-382	249	7	equity	equity	NOUN
gujaf-382	249	8	offering	offering	NOUN
gujaf-382	249	9	announcements	announcement	NOUN
gujaf-382	249	10	.	.	PUNCT
gujaf-382	250	1	european	european	ADJ
gujaf-382	250	2	journal	journal	PROPN
gujaf-382	250	3	of	of	ADP
gujaf-382	250	4	operational	operational	ADJ
gujaf-382	250	5	research	research	NOUN
gujaf-382	250	6	,	,	PUNCT
gujaf-382	250	7	214(2	214(2	NUM
gujaf-382	250	8	)	)	PUNCT
gujaf-382	250	9	,	,	PUNCT
gujaf-382	250	10	418	418	NUM
gujaf-382	250	11	-	-	SYM
gujaf-382	250	12	427	427	NUM
gujaf-382	250	13	.	.	PUNCT
gujaf-382	251	1	https://doi.org/10.1016/j.ejor.2011.04.007	https://doi.org/10.1016/j.ejor.2011.04.007	PROPN
gujaf-382	251	2	cheng	cheng	PROPN
gujaf-382	251	3	,	,	PUNCT
gujaf-382	251	4	q.	q.	PROPN
gujaf-382	251	5	,	,	PUNCT
gujaf-382	251	6	du	du	PROPN
gujaf-382	251	7	,	,	PUNCT
gujaf-382	251	8	f.	f.	PROPN
gujaf-382	251	9	,	,	PUNCT
gujaf-382	251	10	wang	wang	PROPN
gujaf-382	251	11	,	,	PUNCT
gujaf-382	251	12	b.	b.	PROPN
gujaf-382	251	13	y.	y.	PROPN
gujaf-382	251	14	,	,	PUNCT
gujaf-382	251	15	&	&	CCONJ
gujaf-382	251	16	wang	wang	PROPN
gujaf-382	251	17	,	,	PUNCT
gujaf-382	251	18	x.	x.	NOUN
gujaf-382	251	19	(	(	PUNCT
gujaf-382	251	20	2019	2019	NUM
gujaf-382	251	21	)	)	PUNCT
gujaf-382	251	22	.	.	PUNCT
gujaf-382	252	1	do	do	VERB
gujaf-382	252	2	corporate	corporate	ADJ
gujaf-382	252	3	site	site	NOUN
gujaf-382	252	4	visits	visit	NOUN
gujaf-382	252	5	impact	impact	NOUN
gujaf-382	252	6	stock	stock	NOUN
gujaf-382	252	7	prices	price	NOUN
gujaf-382	252	8	?	?	PUNCT
gujaf-382	252	9	.	.	PUNCT
gujaf-382	253	1	contemporary	contemporary	ADJ
gujaf-382	253	2	accounting	accounting	NOUN
gujaf-382	253	3	research	research	NOUN
gujaf-382	253	4	,	,	PUNCT
gujaf-382	253	5	36(1	36(1	NUM
gujaf-382	253	6	)	)	PUNCT
gujaf-382	253	7	,	,	PUNCT
gujaf-382	253	8	359	359	NUM
gujaf-382	253	9	-	-	SYM
gujaf-382	253	10	388	388	NUM
gujaf-382	253	11	.	.	PUNCT
gujaf-382	254	1	collins	collins	PROPN
gujaf-382	254	2	,	,	PUNCT
gujaf-382	254	3	j.	j.	PROPN
gujaf-382	254	4	,	,	PUNCT
gujaf-382	254	5	(	(	PUNCT
gujaf-382	254	6	1957	1957	NUM
gujaf-382	254	7	)	)	PUNCT
gujaf-382	254	8	.	.	PUNCT
gujaf-382	255	1	how	how	SCONJ
gujaf-382	255	2	to	to	PART
gujaf-382	255	3	study	study	VERB
gujaf-382	255	4	the	the	DET
gujaf-382	255	5	behaviour	behaviour	NOUN
gujaf-382	255	6	of	of	ADP
gujaf-382	255	7	bank	bank	NOUN
gujaf-382	255	8	stocks	stock	NOUN
gujaf-382	255	9	.	.	PUNCT
gujaf-382	256	1	the	the	DET
gujaf-382	256	2	analysts	analysts	PROPN
gujaf-382	256	3	journal	journal	PROPN
gujaf-382	256	4	.	.	PUNCT
gujaf-382	256	5	;	;	PUNCT
gujaf-382	256	6	13(2	13(2	NUM
gujaf-382	256	7	):	):	PUNCT
gujaf-382	256	8	109	109	NUM
gujaf-382	256	9	-	-	SYM
gujaf-382	256	10	113	113	NUM
gujaf-382	256	11	.	.	PUNCT
gujaf-382	257	1	stable	stable	ADJ
gujaf-382	257	2	url	url	PROPN
gujaf-382	257	3	:	:	PUNCT
gujaf-382	257	4	retrieved	retrieve	VERB
gujaf-382	257	5	from	from	ADP
gujaf-382	257	6	:	:	PUNCT
gujaf-382	257	7	http://www.jstor.org/stable/4468771	http://www.jstor.org/stable/4468771	NOUN
gujaf-382	257	8	dasilas	dasila	NOUN
gujaf-382	257	9	,	,	PUNCT
gujaf-382	257	10	a.	a.	NOUN
gujaf-382	257	11	,	,	PUNCT
gujaf-382	257	12	&	&	CCONJ
gujaf-382	257	13	leventis	leventis	PROPN
gujaf-382	257	14	,	,	PUNCT
gujaf-382	257	15	s.	s.	PROPN
gujaf-382	257	16	(	(	PUNCT
gujaf-382	257	17	2011	2011	NUM
gujaf-382	257	18	)	)	PUNCT
gujaf-382	257	19	.	.	PUNCT
gujaf-382	258	1	stock	stock	NOUN
gujaf-382	258	2	market	market	NOUN
gujaf-382	258	3	reaction	reaction	NOUN
gujaf-382	258	4	to	to	PART
gujaf-382	258	5	dividend	dividend	VERB
gujaf-382	258	6	announcements	announcement	NOUN
gujaf-382	258	7	:	:	PUNCT
gujaf-382	258	8	evidence	evidence	NOUN
gujaf-382	258	9	from	from	ADP
gujaf-382	258	10	the	the	DET
gujaf-382	258	11	greek	greek	ADJ
gujaf-382	258	12	stock	stock	NOUN
gujaf-382	258	13	market	market	NOUN
gujaf-382	258	14	.	.	PUNCT
gujaf-382	259	1	international	international	ADJ
gujaf-382	259	2	review	review	NOUN
gujaf-382	259	3	of	of	ADP
gujaf-382	259	4	economics	economics	PROPN
gujaf-382	259	5	&	&	CCONJ
gujaf-382	259	6	finance	finance	PROPN
gujaf-382	259	7	,	,	PUNCT
gujaf-382	259	8	20(2	20(2	NUM
gujaf-382	259	9	)	)	PUNCT
gujaf-382	259	10	,	,	PUNCT
gujaf-382	259	11	302311	302311	NUM
gujaf-382	259	12	.	.	PUNCT
gujaf-382	260	1	dewasiri	dewasiri	NOUN
gujaf-382	260	2	,	,	PUNCT
gujaf-382	260	3	n.	n.	PROPN
gujaf-382	260	4	j.	j.	PROPN
gujaf-382	260	5	,	,	PUNCT
gujaf-382	260	6	yatiwelle	yatiwelle	PROPN
gujaf-382	260	7	koralalage	koralalage	PROPN
gujaf-382	260	8	,	,	PUNCT
gujaf-382	260	9	w.	w.	PROPN
gujaf-382	260	10	b.	b.	PROPN
gujaf-382	260	11	,	,	PUNCT
gujaf-382	260	12	abdul	abdul	PROPN
gujaf-382	260	13	azeez	azeez	PROPN
gujaf-382	260	14	,	,	PUNCT
gujaf-382	260	15	a.	a.	PROPN
gujaf-382	260	16	,	,	PUNCT
gujaf-382	260	17	jayarathne	jayarathne	PROPN
gujaf-382	260	18	,	,	PUNCT
gujaf-382	260	19	p.	p.	PROPN
gujaf-382	260	20	g.	g.	PROPN
gujaf-382	260	21	s.	s.	PROPN
gujaf-382	260	22	a.	a.	PROPN
gujaf-382	260	23	,	,	PUNCT
gujaf-382	260	24	kuruppuarachchi	kuruppuarachchi	PROPN
gujaf-382	260	25	,	,	PUNCT
gujaf-382	260	26	d.	d.	PROPN
gujaf-382	260	27	,	,	PUNCT
gujaf-382	260	28	&	&	CCONJ
gujaf-382	260	29	weerasinghe	weerasinghe	VERB
gujaf-382	260	30	,	,	PUNCT
gujaf-382	260	31	v.	v.	ADP
gujaf-382	260	32	a.	a.	NOUN
gujaf-382	260	33	(	(	PUNCT
gujaf-382	260	34	2019	2019	NUM
gujaf-382	260	35	)	)	PUNCT
gujaf-382	260	36	.	.	PUNCT
gujaf-382	261	1	determinants	determinant	NOUN
gujaf-382	261	2	of	of	ADP
gujaf-382	261	3	dividend	dividend	NOUN
gujaf-382	261	4	policy	policy	NOUN
gujaf-382	261	5	:	:	PUNCT
gujaf-382	261	6	evidence	evidence	NOUN
gujaf-382	261	7	from	from	ADP
gujaf-382	261	8	an	an	DET
gujaf-382	261	9	emerging	emerge	VERB
gujaf-382	261	10	and	and	CCONJ
gujaf-382	261	11	developing	develop	VERB
gujaf-382	261	12	market	market	NOUN
gujaf-382	261	13	.	.	PUNCT
gujaf-382	262	1	managerial	managerial	ADJ
gujaf-382	262	2	finance	finance	NOUN
gujaf-382	262	3	,	,	PUNCT
gujaf-382	262	4	45(3	45(3	NUM
gujaf-382	262	5	)	)	PUNCT
gujaf-382	262	6	,	,	PUNCT
gujaf-382	262	7	413429	413429	NUM
gujaf-382	262	8	.	.	PUNCT
gujaf-382	263	1	farooq	farooq	PROPN
gujaf-382	263	2	,	,	PUNCT
gujaf-382	263	3	o.	o.	PROPN
gujaf-382	263	4	,	,	PUNCT
gujaf-382	263	5	saoud	saoud	ADJ
gujaf-382	263	6	,	,	PUNCT
gujaf-382	263	7	s.	s.	PROPN
gujaf-382	263	8	&	&	CCONJ
gujaf-382	263	9	agnaou	agnaou	PROPN
gujaf-382	263	10	,	,	PUNCT
gujaf-382	263	11	s.	s.	PROPN
gujaf-382	263	12	(	(	PUNCT
gujaf-382	263	13	2012	2012	NUM
gujaf-382	263	14	)	)	PUNCT
gujaf-382	263	15	,	,	PUNCT
gujaf-382	263	16	“	"	PUNCT
gujaf-382	263	17	dividend	dividend	NOUN
gujaf-382	263	18	policy	policy	NOUN
gujaf-382	263	19	as	as	ADP
gujaf-382	263	20	a	a	DET
gujaf-382	263	21	signalling	signal	VERB
gujaf-382	263	22	mechanism	mechanism	NOUN
gujaf-382	263	23	in	in	ADP
gujaf-382	263	24	different	different	ADJ
gujaf-382	263	25	growth	growth	NOUN
gujaf-382	263	26	periods	period	NOUN
gujaf-382	263	27	:	:	PUNCT
gujaf-382	263	28	evidence	evidence	NOUN
gujaf-382	263	29	from	from	ADP
gujaf-382	263	30	the	the	DET
gujaf-382	263	31	casablanca	casablanca	PROPN
gujaf-382	263	32	stock	stock	PROPN
gujaf-382	263	33	exchange	exchange	PROPN
gujaf-382	263	34	”	"	PUNCT
gujaf-382	263	35	,	,	PUNCT
gujaf-382	263	36	international	international	ADJ
gujaf-382	263	37	research	research	NOUN
gujaf-382	263	38	journal	journal	NOUN
gujaf-382	263	39	of	of	ADP
gujaf-382	263	40	finance	finance	NOUN
gujaf-382	263	41	and	and	CCONJ
gujaf-382	263	42	economics	economic	NOUN
gujaf-382	263	43	,	,	PUNCT
gujaf-382	263	44	vol	vol	NOUN
gujaf-382	263	45	.	.	PROPN
gujaf-382	263	46	83	83	NUM
gujaf-382	263	47	,	,	PUNCT
gujaf-382	263	48	pp	pp	ADJ
gujaf-382	263	49	.	.	PUNCT
gujaf-382	264	1	187	187	NUM
gujaf-382	264	2	-	-	SYM
gujaf-382	264	3	198	198	NUM
gujaf-382	264	4	.	.	PUNCT
gujaf-382	265	1	hassan	hassan	PROPN
gujaf-382	265	2	,	,	PUNCT
gujaf-382	265	3	t.	t.	PROPN
gujaf-382	265	4	a.	a.	PROPN
gujaf-382	265	5	,	,	PUNCT
gujaf-382	265	6	hollander	hollander	PROPN
gujaf-382	265	7	,	,	PUNCT
gujaf-382	265	8	s.	s.	PROPN
gujaf-382	265	9	,	,	PUNCT
gujaf-382	265	10	van	van	PROPN
gujaf-382	265	11	lent	lent	PROPN
gujaf-382	265	12	,	,	PUNCT
gujaf-382	265	13	l.	l.	PROPN
gujaf-382	265	14	,	,	PUNCT
gujaf-382	265	15	schwedeler	schwedeler	NOUN
gujaf-382	265	16	,	,	PUNCT
gujaf-382	265	17	m.	m.	NOUN
gujaf-382	265	18	,	,	PUNCT
gujaf-382	265	19	&	&	CCONJ
gujaf-382	265	20	tahoun	tahoun	PROPN
gujaf-382	265	21	,	,	PUNCT
gujaf-382	265	22	a.	a.	NOUN
gujaf-382	265	23	(	(	PUNCT
gujaf-382	265	24	2020	2020	NUM
gujaf-382	265	25	)	)	PUNCT
gujaf-382	265	26	.	.	PUNCT
gujaf-382	266	1	firm	firm	ADJ
gujaf-382	266	2	-	-	PUNCT
gujaf-382	266	3	level	level	NOUN
gujaf-382	266	4	exposure	exposure	NOUN
gujaf-382	266	5	to	to	ADP
gujaf-382	266	6	epidemic	epidemic	NOUN
gujaf-382	266	7	diseases	disease	NOUN
gujaf-382	266	8	:	:	PUNCT
gujaf-382	266	9	covid-19	covid-19	PROPN
gujaf-382	266	10	,	,	PUNCT
gujaf-382	266	11	sars	sar	NOUN
gujaf-382	266	12	,	,	PUNCT
gujaf-382	266	13	and	and	CCONJ
gujaf-382	266	14	h1n1	h1n1	INTJ
gujaf-382	266	15	(	(	PUNCT
gujaf-382	266	16	no	no	INTJ
gujaf-382	266	17	.	.	PUNCT
gujaf-382	267	1	w26971	w26971	NUM
gujaf-382	267	2	)	)	PUNCT
gujaf-382	267	3	.	.	PUNCT
gujaf-382	268	1	national	national	PROPN
gujaf-382	268	2	bureau	bureau	PROPN
gujaf-382	268	3	of	of	ADP
gujaf-382	268	4	economic	economic	ADJ
gujaf-382	268	5	research	research	NOUN
gujaf-382	268	6	.	.	PUNCT
gujaf-382	269	1	ibe	ibe	PROPN
gujaf-382	269	2	,	,	PUNCT
gujaf-382	269	3	h.	h.	PROPN
gujaf-382	269	4	c.	c.	PROPN
gujaf-382	269	5	a.	a.	PROPN
gujaf-382	269	6	,	,	PUNCT
gujaf-382	269	7	ugwuanyi	ugwuanyi	PROPN
gujaf-382	269	8	,	,	PUNCT
gujaf-382	269	9	g.	g.	PROPN
gujaf-382	269	10	o.	o.	PROPN
gujaf-382	269	11	&	&	CCONJ
gujaf-382	269	12	okanya	okanya	PROPN
gujaf-382	269	13	,	,	PUNCT
gujaf-382	269	14	o.	o.	PROPN
gujaf-382	269	15	c.	c.	PROPN
gujaf-382	269	16	(	(	PUNCT
gujaf-382	269	17	2017	2017	NUM
gujaf-382	269	18	)	)	PUNCT
gujaf-382	269	19	.	.	PUNCT
gujaf-382	270	1	effect	effect	NOUN
gujaf-382	270	2	of	of	ADP
gujaf-382	270	3	corporate	corporate	ADJ
gujaf-382	270	4	governance	governance	NOUN
gujaf-382	270	5	mechanisms	mechanism	NOUN
gujaf-382	270	6	on	on	ADP
gujaf-382	270	7	financial	financial	ADJ
gujaf-382	270	8	performance	performance	NOUN
gujaf-382	270	9	of	of	ADP
gujaf-382	270	10	insurance	insurance	NOUN
gujaf-382	270	11	companies	company	NOUN
gujaf-382	270	12	in	in	ADP
gujaf-382	270	13	nigeria	nigeria	PROPN
gujaf-382	270	14	.	.	PUNCT
gujaf-382	271	1	journal	journal	PROPN
gujaf-382	271	2	of	of	ADP
gujaf-382	271	3	finance	finance	NOUN
gujaf-382	271	4	and	and	CCONJ
gujaf-382	271	5	accounting	accounting	NOUN
gujaf-382	271	6	,	,	PUNCT
gujaf-382	271	7	2017	2017	NUM
gujaf-382	271	8	,	,	PUNCT
gujaf-382	271	9	vol	vol	NOUN
gujaf-382	271	10	.	.	PROPN
gujaf-382	271	11	5	5	NUM
gujaf-382	271	12	,	,	PUNCT
gujaf-382	271	13	no	no	INTJ
gujaf-382	271	14	.	.	NOUN
gujaf-382	271	15	3	3	NUM
gujaf-382	271	16	,	,	PUNCT
gujaf-382	271	17	93	93	NUM
gujaf-382	271	18	-	-	SYM
gujaf-382	271	19	103	103	NUM
gujaf-382	271	20	john	john	PROPN
gujaf-382	271	21	,	,	PUNCT
gujaf-382	271	22	k.	k.	PROPN
gujaf-382	271	23	,	,	PUNCT
gujaf-382	271	24	&	&	CCONJ
gujaf-382	271	25	williams	williams	PROPN
gujaf-382	271	26	,	,	PUNCT
gujaf-382	271	27	j.	j.	PROPN
gujaf-382	271	28	(	(	PUNCT
gujaf-382	271	29	1985	1985	NUM
gujaf-382	271	30	)	)	PUNCT
gujaf-382	271	31	.	.	PUNCT
gujaf-382	272	1	dividends	dividend	NOUN
gujaf-382	272	2	,	,	PUNCT
gujaf-382	272	3	dilution	dilution	NOUN
gujaf-382	272	4	,	,	PUNCT
gujaf-382	272	5	and	and	CCONJ
gujaf-382	272	6	taxes	taxis	NOUN
gujaf-382	272	7	:	:	PUNCT
gujaf-382	272	8	a	a	DET
gujaf-382	272	9	signalling	signal	VERB
gujaf-382	272	10	equilibrium	equilibrium	NOUN
gujaf-382	272	11	.	.	PUNCT
gujaf-382	273	1	the	the	DET
gujaf-382	273	2	journal	journal	PROPN
gujaf-382	273	3	of	of	ADP
gujaf-382	273	4	finance	finance	NOUN
gujaf-382	273	5	,	,	PUNCT
gujaf-382	273	6	40(4	40(4	NUM
gujaf-382	273	7	)	)	PUNCT
gujaf-382	273	8	,	,	PUNCT
gujaf-382	273	9	1053	1053	NUM
gujaf-382	273	10	-	-	SYM
gujaf-382	273	11	1070	1070	NUM
gujaf-382	273	12	.	.	PUNCT
gujaf-382	274	1	gusau	gusau	PROPN
gujaf-382	274	2	journal	journal	PROPN
gujaf-382	274	3	of	of	ADP
gujaf-382	274	4	accounting	accounting	NOUN
gujaf-382	274	5	and	and	CCONJ
gujaf-382	274	6	finance	finance	NOUN
gujaf-382	274	7	,	,	PUNCT
gujaf-382	274	8	vol.6	vol.6	PROPN
gujaf-382	274	9	,	,	PUNCT
gujaf-382	274	10	issue	issue	NOUN
gujaf-382	274	11	1	1	NUM
gujaf-382	274	12	,	,	PUNCT
gujaf-382	274	13	april	april	PROPN
gujaf-382	274	14	,	,	PUNCT
gujaf-382	274	15	2025	2025	NUM
gujaf-382	274	16	253	253	NUM
gujaf-382	274	17	juhmani	juhmani	NOUN
gujaf-382	274	18	.	.	PUNCT
gujaf-382	275	1	s.	s.	PROPN
gujaf-382	275	2	(	(	PUNCT
gujaf-382	275	3	2017	2017	NUM
gujaf-382	275	4	)	)	PUNCT
gujaf-382	275	5	.	.	PUNCT
gujaf-382	276	1	a	a	DET
gujaf-382	276	2	simple	simple	ADJ
gujaf-382	276	3	model	model	NOUN
gujaf-382	276	4	of	of	ADP
gujaf-382	276	5	capital	capital	NOUN
gujaf-382	276	6	market	market	NOUN
gujaf-382	276	7	equilibrium	equilibrium	NOUN
gujaf-382	276	8	with	with	ADP
gujaf-382	276	9	incomplete	incomplete	ADJ
gujaf-382	276	10	information	information	NOUN
gujaf-382	276	11	.	.	PUNCT
gujaf-382	277	1	journal	journal	NOUN
gujaf-382	277	2	of	of	ADP
gujaf-382	277	3	finance	finance	PROPN
gujaf-382	277	4	43	43	NUM
gujaf-382	277	5	,	,	PUNCT
gujaf-382	277	6	483	483	NUM
gujaf-382	277	7	-	-	SYM
gujaf-382	277	8	510	510	NUM
gujaf-382	277	9	.	.	PUNCT
gujaf-382	278	1	juwita	juwita	PROPN
gujaf-382	278	2	,	,	PUNCT
gujaf-382	278	3	c.	c.	PROPN
gujaf-382	278	4	p.	p.	PROPN
gujaf-382	278	5	,	,	PUNCT
gujaf-382	278	6	&	&	CCONJ
gujaf-382	278	7	diana	diana	PROPN
gujaf-382	278	8	,	,	PUNCT
gujaf-382	278	9	n.	n.	PROPN
gujaf-382	278	10	(	(	PUNCT
gujaf-382	278	11	2020	2020	NUM
gujaf-382	278	12	)	)	PUNCT
gujaf-382	278	13	.	.	PUNCT
gujaf-382	279	1	the	the	DET
gujaf-382	279	2	effect	effect	NOUN
gujaf-382	279	3	of	of	ADP
gujaf-382	279	4	der	der	NOUN
gujaf-382	279	5	and	and	CCONJ
gujaf-382	279	6	roe	roe	NOUN
gujaf-382	279	7	on	on	ADP
gujaf-382	279	8	stock	stock	NOUN
gujaf-382	279	9	price	price	NOUN
gujaf-382	279	10	jii	jii	PROPN
gujaf-382	279	11	companies	company	NOUN
gujaf-382	279	12	.	.	PUNCT
gujaf-382	280	1	management	management	NOUN
gujaf-382	280	2	analysis	analysis	NOUN
gujaf-382	280	3	journal	journal	NOUN
gujaf-382	280	4	,	,	PUNCT
gujaf-382	280	5	9(4	9(4	NUM
gujaf-382	280	6	)	)	PUNCT
gujaf-382	280	7	.	.	PUNCT
gujaf-382	281	1	keown	keown	PROPN
gujaf-382	281	2	,	,	PUNCT
gujaf-382	281	3	a.	a.	PROPN
gujaf-382	281	4	j.	j.	PROPN
gujaf-382	281	5	,	,	PUNCT
gujaf-382	281	6	martin	martin	PROPN
gujaf-382	281	7	,	,	PUNCT
gujaf-382	281	8	j.	j.	PROPN
gujaf-382	281	9	d.	d.	PROPN
gujaf-382	281	10	,	,	PUNCT
gujaf-382	281	11	petty	petty	PROPN
gujaf-382	281	12	,	,	PUNCT
gujaf-382	281	13	j.	j.	PROPN
gujaf-382	281	14	w.	w.	PROPN
gujaf-382	281	15	,	,	PUNCT
gujaf-382	281	16	&	&	CCONJ
gujaf-382	281	17	zietz	zietz	NOUN
gujaf-382	281	18	,	,	PUNCT
gujaf-382	281	19	j.	j.	PROPN
gujaf-382	281	20	(	(	PUNCT
gujaf-382	281	21	2021	2021	NUM
gujaf-382	281	22	)	)	PUNCT
gujaf-382	281	23	.	.	PUNCT
gujaf-382	282	1	foundations	foundation	NOUN
gujaf-382	282	2	of	of	ADP
gujaf-382	282	3	finance	finance	NOUN
gujaf-382	282	4	(	(	PUNCT
gujaf-382	282	5	8th	8th	ADJ
gujaf-382	282	6	ed	ed	NOUN
gujaf-382	282	7	.	.	PUNCT
gujaf-382	282	8	)	)	PUNCT
gujaf-382	282	9	.	.	PUNCT
gujaf-382	283	1	mcgraw	mcgraw	PROPN
gujaf-382	283	2	-	-	PUNCT
gujaf-382	283	3	hill	hill	PROPN
gujaf-382	283	4	education	education	NOUN
gujaf-382	283	5	lavanya	lavanya	NOUN
gujaf-382	283	6	,	,	PUNCT
gujaf-382	283	7	k.	k.	PROPN
gujaf-382	283	8	v.	v.	PROPN
gujaf-382	283	9	(	(	PUNCT
gujaf-382	283	10	2021	2021	NUM
gujaf-382	283	11	)	)	PUNCT
gujaf-382	283	12	.	.	PUNCT
gujaf-382	284	1	a	a	DET
gujaf-382	284	2	study	study	NOUN
gujaf-382	284	3	on	on	ADP
gujaf-382	284	4	dividend	dividend	NOUN
gujaf-382	284	5	policy	policy	NOUN
gujaf-382	284	6	and	and	CCONJ
gujaf-382	284	7	its	its	PRON
gujaf-382	284	8	impact	impact	NOUN
gujaf-382	284	9	on	on	ADP
gujaf-382	284	10	stock	stock	NOUN
gujaf-382	284	11	prices	price	NOUN
gujaf-382	284	12	of	of	ADP
gujaf-382	284	13	selected	select	VERB
gujaf-382	284	14	companies	company	NOUN
gujaf-382	284	15	with	with	ADP
gujaf-382	284	16	reference	reference	NOUN
gujaf-382	284	17	to	to	ADP
gujaf-382	284	18	bse	bse	PROPN
gujaf-382	284	19	sensex	sensex	PROPN
gujaf-382	284	20	100,palarch	100,palarch	PROPN
gujaf-382	284	21	’s	’s	NOUN
gujaf-382	284	22	.	.	PUNCT
gujaf-382	285	1	journal	journal	NOUN
gujaf-382	285	2	of	of	ADP
gujaf-382	285	3	archaeology	archaeology	NOUN
gujaf-382	285	4	of	of	ADP
gujaf-382	285	5	egypt	egypt	PROPN
gujaf-382	285	6	/	/	SYM
gujaf-382	285	7	egyptology	egyptology	NOUN
gujaf-382	285	8	.	.	PUNCT
gujaf-382	286	1	18(9	18(9	NOUN
gujaf-382	286	2	)	)	PUNCT
gujaf-382	286	3	mehul	mehul	PROPN
gujaf-382	286	4	,	,	PUNCT
gujaf-382	286	5	r.	r.	PROPN
gujaf-382	286	6	,	,	PUNCT
gujaf-382	286	7	&	&	CCONJ
gujaf-382	286	8	varadraj	varadraj	PROPN
gujaf-382	286	9	,	,	PUNCT
gujaf-382	286	10	b.	b.	PROPN
gujaf-382	286	11	(	(	PUNCT
gujaf-382	286	12	2013	2013	NUM
gujaf-382	286	13	)	)	PUNCT
gujaf-382	286	14	.	.	PUNCT
gujaf-382	287	1	a	a	DET
gujaf-382	287	2	panel	panel	NOUN
gujaf-382	287	3	data	data	VERB
gujaf-382	287	4	analysis	analysis	NOUN
gujaf-382	287	5	of	of	ADP
gujaf-382	287	6	corporate	corporate	ADJ
gujaf-382	287	7	attributes	attribute	NOUN
gujaf-382	287	8	and	and	CCONJ
gujaf-382	287	9	stock	stock	NOUN
gujaf-382	287	10	prices	price	NOUN
gujaf-382	287	11	for	for	ADP
gujaf-382	287	12	indian	indian	ADJ
gujaf-382	287	13	manufacturing	manufacturing	NOUN
gujaf-382	287	14	sector	sector	NOUN
gujaf-382	287	15	.	.	PUNCT
gujaf-382	288	1	journal	journal	NOUN
gujaf-382	288	2	of	of	ADP
gujaf-382	288	3	modern	modern	ADJ
gujaf-382	288	4	accounting	accounting	NOUN
gujaf-382	288	5	and	and	CCONJ
gujaf-382	288	6	auditing	auditing	NOUN
gujaf-382	288	7	,	,	PUNCT
gujaf-382	288	8	9(11	9(11	NUM
gujaf-382	288	9	)	)	PUNCT
gujaf-382	288	10	,	,	PUNCT
gujaf-382	288	11	1519	1519	NUM
gujaf-382	288	12	-	-	SYM
gujaf-382	288	13	1525	1525	NUM
gujaf-382	288	14	.	.	PUNCT
gujaf-382	289	1	miller	miller	PROPN
gujaf-382	289	2	,	,	PUNCT
gujaf-382	289	3	m.	m.	PROPN
gujaf-382	289	4	h.	h.	PROPN
gujaf-382	289	5	,	,	PUNCT
gujaf-382	289	6	&	&	CCONJ
gujaf-382	289	7	modigliani	modigliani	PROPN
gujaf-382	289	8	,	,	PUNCT
gujaf-382	289	9	f.	f.	PROPN
gujaf-382	289	10	(	(	PUNCT
gujaf-382	289	11	1961	1961	NUM
gujaf-382	289	12	)	)	PUNCT
gujaf-382	289	13	.	.	PUNCT
gujaf-382	290	1	dividend	dividend	NOUN
gujaf-382	290	2	policy	policy	NOUN
gujaf-382	290	3	,	,	PUNCT
gujaf-382	290	4	growth	growth	NOUN
gujaf-382	290	5	,	,	PUNCT
gujaf-382	290	6	and	and	CCONJ
gujaf-382	290	7	the	the	DET
gujaf-382	290	8	valuation	valuation	NOUN
gujaf-382	290	9	of	of	ADP
gujaf-382	290	10	shares	share	NOUN
gujaf-382	290	11	.	.	PUNCT
gujaf-382	291	1	the	the	DET
gujaf-382	291	2	journal	journal	NOUN
gujaf-382	291	3	of	of	ADP
gujaf-382	291	4	business	business	NOUN
gujaf-382	291	5	,	,	PUNCT
gujaf-382	291	6	34(4	34(4	NUM
gujaf-382	291	7	)	)	PUNCT
gujaf-382	291	8	,	,	PUNCT
gujaf-382	291	9	411	411	NUM
gujaf-382	291	10	-	-	SYM
gujaf-382	291	11	433	433	NUM
gujaf-382	291	12	.	.	PUNCT
gujaf-382	292	1	miller	miller	PROPN
gujaf-382	292	2	,	,	PUNCT
gujaf-382	292	3	m.	m.	PROPN
gujaf-382	292	4	h.	h.	PROPN
gujaf-382	292	5	,	,	PUNCT
gujaf-382	292	6	&	&	CCONJ
gujaf-382	292	7	rock	rock	PROPN
gujaf-382	292	8	,	,	PUNCT
gujaf-382	292	9	k.	k.	PROPN
gujaf-382	292	10	(	(	PUNCT
gujaf-382	292	11	1985	1985	NUM
gujaf-382	292	12	)	)	PUNCT
gujaf-382	292	13	.	.	PUNCT
gujaf-382	293	1	dividend	dividend	NOUN
gujaf-382	293	2	policy	policy	NOUN
gujaf-382	293	3	under	under	ADP
gujaf-382	293	4	asymmetric	asymmetric	ADJ
gujaf-382	293	5	information	information	NOUN
gujaf-382	293	6	.	.	PUNCT
gujaf-382	294	1	the	the	DET
gujaf-382	294	2	journal	journal	PROPN
gujaf-382	294	3	of	of	ADP
gujaf-382	294	4	finance	finance	NOUN
gujaf-382	294	5	,	,	PUNCT
gujaf-382	294	6	40(4	40(4	NUM
gujaf-382	294	7	)	)	PUNCT
gujaf-382	294	8	,	,	PUNCT
gujaf-382	294	9	1031	1031	NUM
gujaf-382	294	10	-	-	SYM
gujaf-382	294	11	1051	1051	NUM
gujaf-382	294	12	.	.	PUNCT
gujaf-382	295	1	musa	musa	PROPN
gujaf-382	295	2	,	,	PUNCT
gujaf-382	295	3	g.	g.	PROPN
gujaf-382	295	4	i.	i.	PROPN
gujaf-382	295	5	,	,	PUNCT
gujaf-382	295	6	bahari	bahari	PROPN
gujaf-382	295	7	,	,	PUNCT
gujaf-382	295	8	z.	z.	PROPN
gujaf-382	295	9	,	,	PUNCT
gujaf-382	295	10	&	&	CCONJ
gujaf-382	295	11	aziz	aziz	PROPN
gujaf-382	295	12	,	,	PUNCT
gujaf-382	295	13	a.	a.	PROPN
gujaf-382	295	14	h.	h.	PROPN
gujaf-382	295	15	a.	a.	PROPN
gujaf-382	295	16	(	(	PUNCT
gujaf-382	295	17	2020	2020	NUM
gujaf-382	295	18	)	)	PUNCT
gujaf-382	295	19	.	.	PUNCT
gujaf-382	296	1	the	the	DET
gujaf-382	296	2	impact	impact	NOUN
gujaf-382	296	3	of	of	ADP
gujaf-382	296	4	islamic	islamic	ADJ
gujaf-382	296	5	capital	capital	NOUN
gujaf-382	296	6	market	market	NOUN
gujaf-382	296	7	on	on	ADP
gujaf-382	296	8	malaysian	malaysian	ADJ
gujaf-382	296	9	real	real	ADJ
gujaf-382	296	10	economy	economy	NOUN
gujaf-382	296	11	.	.	PUNCT
gujaf-382	297	1	jurnal	jurnal	ADJ
gujaf-382	297	2	ekonomi	ekonomi	PROPN
gujaf-382	297	3	malaysia	malaysia	PROPN
gujaf-382	297	4	,	,	PUNCT
gujaf-382	297	5	54(2	54(2	NUM
gujaf-382	297	6	)	)	PUNCT
gujaf-382	297	7	,	,	PUNCT
gujaf-382	297	8	91	91	NUM
gujaf-382	297	9	-	-	SYM
gujaf-382	297	10	103	103	NUM
gujaf-382	297	11	.	.	PUNCT
gujaf-382	298	1	mustafa	mustafa	PROPN
gujaf-382	298	2	,	,	PUNCT
gujaf-382	298	3	a.	a.	PROPN
gujaf-382	298	4	,	,	PUNCT
gujaf-382	298	5	saeed	saeed	PROPN
gujaf-382	298	6	,	,	PUNCT
gujaf-382	298	7	a.	a.	PROPN
gujaf-382	298	8	,	,	PUNCT
gujaf-382	298	9	awais	awais	PROPN
gujaf-382	298	10	,	,	PUNCT
gujaf-382	298	11	m.	m.	NOUN
gujaf-382	298	12	,	,	PUNCT
gujaf-382	298	13	&	&	CCONJ
gujaf-382	298	14	aziz	aziz	PROPN
gujaf-382	298	15	,	,	PUNCT
gujaf-382	298	16	s.	s.	PROPN
gujaf-382	298	17	(	(	PUNCT
gujaf-382	298	18	2020	2020	NUM
gujaf-382	298	19	)	)	PUNCT
gujaf-382	298	20	.	.	PUNCT
gujaf-382	299	1	board	board	NOUN
gujaf-382	299	2	-	-	PUNCT
gujaf-382	299	3	gender	gender	NOUN
gujaf-382	299	4	diversity	diversity	NOUN
gujaf-382	299	5	,	,	PUNCT
gujaf-382	299	6	family	family	NOUN
gujaf-382	299	7	ownership	ownership	NOUN
gujaf-382	299	8	,	,	PUNCT
gujaf-382	299	9	and	and	CCONJ
gujaf-382	299	10	dividend	dividend	NOUN
gujaf-382	299	11	announcement	announcement	NOUN
gujaf-382	299	12	:	:	PUNCT
gujaf-382	299	13	evidence	evidence	NOUN
gujaf-382	299	14	from	from	ADP
gujaf-382	299	15	asian	asian	ADJ
gujaf-382	299	16	emerging	emerge	VERB
gujaf-382	299	17	economies	economy	NOUN
gujaf-382	299	18	.	.	PUNCT
gujaf-382	300	1	journal	journal	NOUN
gujaf-382	300	2	of	of	ADP
gujaf-382	300	3	risk	risk	NOUN
gujaf-382	300	4	and	and	CCONJ
gujaf-382	300	5	financial	financial	ADJ
gujaf-382	300	6	management	management	NOUN
gujaf-382	300	7	,	,	PUNCT
gujaf-382	300	8	13(4	13(4	NUM
gujaf-382	300	9	)	)	PUNCT
gujaf-382	300	10	,	,	PUNCT
gujaf-382	300	11	62	62	NUM
gujaf-382	300	12	.	.	PUNCT
gujaf-382	301	1	myers	myers	PROPN
gujaf-382	301	2	,	,	PUNCT
gujaf-382	301	3	s.	s.	PROPN
gujaf-382	301	4	c.	c.	PROPN
gujaf-382	301	5	,	,	PUNCT
gujaf-382	301	6	&	&	CCONJ
gujaf-382	301	7	majluf	majluf	PROPN
gujaf-382	301	8	,	,	PUNCT
gujaf-382	301	9	n.	n.	PROPN
gujaf-382	301	10	s.	s.	PROPN
gujaf-382	301	11	(	(	PUNCT
gujaf-382	301	12	1984	1984	NUM
gujaf-382	301	13	)	)	PUNCT
gujaf-382	301	14	.	.	PUNCT
gujaf-382	302	1	corporate	corporate	ADJ
gujaf-382	302	2	financing	financing	NOUN
gujaf-382	302	3	and	and	CCONJ
gujaf-382	302	4	investment	investment	NOUN
gujaf-382	302	5	decisions	decision	NOUN
gujaf-382	302	6	when	when	SCONJ
gujaf-382	302	7	firms	firm	NOUN
gujaf-382	302	8	have	have	VERB
gujaf-382	302	9	information	information	NOUN
gujaf-382	302	10	that	that	SCONJ
gujaf-382	302	11	investors	investor	NOUN
gujaf-382	302	12	do	do	AUX
gujaf-382	302	13	not	not	PART
gujaf-382	302	14	have	have	VERB
gujaf-382	302	15	.	.	PUNCT
gujaf-382	303	1	journal	journal	NOUN
gujaf-382	303	2	of	of	ADP
gujaf-382	303	3	financial	financial	ADJ
gujaf-382	303	4	economics	economic	NOUN
gujaf-382	303	5	,	,	PUNCT
gujaf-382	303	6	13(2	13(2	PROPN
gujaf-382	303	7	)	)	PUNCT
gujaf-382	303	8	,	,	PUNCT
gujaf-382	303	9	187221	187221	NUM
gujaf-382	303	10	.	.	PUNCT
gujaf-382	304	1	neter	neter	PROPN
gujaf-382	304	2	j	j	PROPN
gujaf-382	304	3	,	,	PUNCT
gujaf-382	304	4	kutner	kutner	PROPN
gujaf-382	304	5	mh	mh	PROPN
gujaf-382	304	6	,	,	PUNCT
gujaf-382	304	7	nachtsheim	nachtsheim	PROPN
gujaf-382	304	8	cj	cj	PROPN
gujaf-382	304	9	,	,	PUNCT
gujaf-382	304	10	william	william	PROPN
gujaf-382	304	11	.	.	PUNCT
gujaf-382	305	1	l	l	PROPN
gujaf-382	305	2	(	(	PUNCT
gujaf-382	305	3	1996	1996	NUM
gujaf-382	305	4	)	)	PUNCT
gujaf-382	305	5	.	.	PUNCT
gujaf-382	306	1	applied	apply	VERB
gujaf-382	306	2	linear	linear	ADJ
gujaf-382	306	3	statistical	statistical	ADJ
gujaf-382	306	4	models	model	NOUN
gujaf-382	306	5	.	.	PUNCT
gujaf-382	307	1	mcgraw	mcgraw	PROPN
gujaf-382	307	2	-	-	PUNCT
gujaf-382	307	3	hill	hill	PROPN
gujaf-382	307	4	,	,	PUNCT
gujaf-382	307	5	irwin	irwin	PROPN
gujaf-382	307	6	,	,	PUNCT
gujaf-382	307	7	chicago	chicago	PROPN
gujaf-382	307	8	,	,	PUNCT
gujaf-382	307	9	fifth	fifth	ADJ
gujaf-382	307	10	edition	edition	NOUN
gujaf-382	307	11	olawale	olawale	PROPN
gujaf-382	307	12	,	,	PUNCT
gujaf-382	307	13	l.	l.	PROPN
gujaf-382	307	14	s.	s.	PROPN
gujaf-382	307	15	,	,	PUNCT
gujaf-382	307	16	&	&	CCONJ
gujaf-382	307	17	ilo	ilo	PROPN
gujaf-382	307	18	,	,	PUNCT
gujaf-382	307	19	b.	b.	PROPN
gujaf-382	307	20	m.	m.	PROPN
gujaf-382	307	21	(	(	PUNCT
gujaf-382	307	22	2018	2018	NUM
gujaf-382	307	23	)	)	PUNCT
gujaf-382	307	24	.	.	PUNCT
gujaf-382	308	1	the	the	DET
gujaf-382	308	2	effect	effect	NOUN
gujaf-382	308	3	of	of	ADP
gujaf-382	308	4	dividend	dividend	NOUN
gujaf-382	308	5	policy	policy	NOUN
gujaf-382	308	6	on	on	ADP
gujaf-382	308	7	stock	stock	NOUN
gujaf-382	308	8	price	price	NOUN
gujaf-382	308	9	in	in	ADP
gujaf-382	308	10	nigeria	nigeria	PROPN
gujaf-382	308	11	.	.	PUNCT
gujaf-382	309	1	acta	acta	PROPN
gujaf-382	309	2	universitatis	universitatis	PROPN
gujaf-382	309	3	danubius	danubius	NOUN
gujaf-382	309	4	.	.	PUNCT
gujaf-382	310	1	œconomica	œconomica	NOUN
gujaf-382	310	2	,	,	PUNCT
gujaf-382	310	3	14(6	14(6	NOUN
gujaf-382	310	4	)	)	PUNCT
gujaf-382	310	5	.	.	PUNCT
gujaf-382	311	1	oyedokun	oyedokun	PROPN
gujaf-382	311	2	,	,	PUNCT
gujaf-382	311	3	g.	g.	PROPN
gujaf-382	311	4	e.	e.	PROPN
gujaf-382	311	5	,	,	PUNCT
gujaf-382	311	6	arotolu	arotolu	PROPN
gujaf-382	311	7	,	,	PUNCT
gujaf-382	311	8	o.	o.	NOUN
gujaf-382	311	9	a.	a.	PROPN
gujaf-382	311	10	,	,	PUNCT
gujaf-382	311	11	&	&	CCONJ
gujaf-382	311	12	vincent	vincent	PROPN
gujaf-382	311	13	,	,	PUNCT
gujaf-382	311	14	h.	h.	PROPN
gujaf-382	311	15	(	(	PUNCT
gujaf-382	311	16	2019	2019	NUM
gujaf-382	311	17	)	)	PUNCT
gujaf-382	311	18	.	.	PUNCT
gujaf-382	312	1	the	the	DET
gujaf-382	312	2	determinant	determinant	NOUN
gujaf-382	312	3	of	of	ADP
gujaf-382	312	4	equity	equity	NOUN
gujaf-382	312	5	share	share	NOUN
gujaf-382	312	6	price	price	NOUN
gujaf-382	312	7	and	and	CCONJ
gujaf-382	312	8	the	the	DET
gujaf-382	312	9	listed	list	VERB
gujaf-382	312	10	deposit	deposit	NOUN
gujaf-382	312	11	money	money	NOUN
gujaf-382	312	12	banks	bank	NOUN
gujaf-382	312	13	in	in	ADP
gujaf-382	312	14	nigeria	nigeria	PROPN
gujaf-382	312	15	.	.	PUNCT
gujaf-382	313	1	journal	journal	PROPN
gujaf-382	313	2	of	of	ADP
gujaf-382	313	3	accounting	accounting	NOUN
gujaf-382	313	4	and	and	CCONJ
gujaf-382	313	5	strategic	strategic	ADJ
gujaf-382	313	6	finance	finance	NOUN
gujaf-382	313	7	,	,	PUNCT
gujaf-382	313	8	2(2	2(2	NUM
gujaf-382	313	9	)	)	PUNCT
gujaf-382	313	10	,	,	PUNCT
gujaf-382	313	11	127	127	NUM
gujaf-382	313	12	-	-	SYM
gujaf-382	313	13	142	142	NUM
gujaf-382	313	14	.	.	PUNCT
gujaf-382	314	1	porterba	porterba	NOUN
gujaf-382	314	2	,	,	PUNCT
gujaf-382	314	3	m.	m.	NOUN
gujaf-382	314	4	(	(	PUNCT
gujaf-382	314	5	2010	2010	NUM
gujaf-382	314	6	)	)	PUNCT
gujaf-382	314	7	.	.	PUNCT
gujaf-382	315	1	test	test	NOUN
gujaf-382	315	2	of	of	ADP
gujaf-382	315	3	arbiterage	arbiterage	NOUN
gujaf-382	315	4	pricing	pricing	NOUN
gujaf-382	315	5	theory	theory	NOUN
gujaf-382	315	6	using	use	VERB
gujaf-382	315	7	macroeconomic	macroeconomic	ADJ
gujaf-382	315	8	variables	variable	NOUN
gujaf-382	315	9	in	in	ADP
gujaf-382	315	10	russian	russian	ADJ
gujaf-382	315	11	equity	equity	NOUN
gujaf-382	315	12	market	market	NOUN
gujaf-382	315	13	.	.	PUNCT
gujaf-382	316	1	shehu	shehu	PROPN
gujaf-382	316	2	,	,	PUNCT
gujaf-382	316	3	u.	u.	PROPN
gujaf-382	316	4	,	,	PUNCT
gujaf-382	316	5	&	&	CCONJ
gujaf-382	316	6	faruk	faruk	PROPN
gujaf-382	316	7	,	,	PUNCT
gujaf-382	316	8	m.	m.	NOUN
gujaf-382	316	9	a.	a.	PROPN
gujaf-382	316	10	(	(	PUNCT
gujaf-382	316	11	2014	2014	NUM
gujaf-382	316	12	)	)	PUNCT
gujaf-382	316	13	.	.	PUNCT
gujaf-382	317	1	firm	firm	ADJ
gujaf-382	317	2	attributes	attribute	NOUN
gujaf-382	317	3	and	and	CCONJ
gujaf-382	317	4	earnings	earning	NOUN
gujaf-382	317	5	quality	quality	NOUN
gujaf-382	317	6	of	of	ADP
gujaf-382	317	7	listed	list	VERB
gujaf-382	317	8	oil	oil	NOUN
gujaf-382	317	9	and	and	CCONJ
gujaf-382	317	10	gas	gas	NOUN
gujaf-382	317	11	companies	company	NOUN
gujaf-382	317	12	in	in	ADP
gujaf-382	317	13	nigeria	nigeria	PROPN
gujaf-382	317	14	.	.	PUNCT
gujaf-382	318	1	research	research	NOUN
gujaf-382	318	2	journal	journal	PROPN
gujaf-382	318	3	of	of	ADP
gujaf-382	318	4	finance	finance	NOUN
gujaf-382	318	5	and	and	CCONJ
gujaf-382	318	6	accounting	accounting	NOUN
gujaf-382	318	7	,	,	PUNCT
gujaf-382	318	8	5(17	5(17	NUM
gujaf-382	318	9	)	)	PUNCT
gujaf-382	318	10	,	,	PUNCT
gujaf-382	318	11	1017	1017	NUM
gujaf-382	318	12	.	.	PUNCT
gujaf-382	319	1	shiller	shiller	PROPN
gujaf-382	319	2	,	,	PUNCT
gujaf-382	319	3	r.	r.	PROPN
gujaf-382	319	4	j.	j.	PROPN
gujaf-382	319	5	(	(	PUNCT
gujaf-382	319	6	2010	2010	NUM
gujaf-382	319	7	)	)	PUNCT
gujaf-382	319	8	.	.	PUNCT
gujaf-382	320	1	market	market	NOUN
gujaf-382	320	2	volatility	volatility	NOUN
gujaf-382	320	3	,	,	PUNCT
gujaf-382	320	4	general	general	ADJ
gujaf-382	320	5	market	market	NOUN
gujaf-382	320	6	outlook	outlook	NOUN
gujaf-382	320	7	.	.	PUNCT
gujaf-382	321	1	massachusetts	massachusetts	PROPN
gujaf-382	321	2	.	.	PUNCT
gujaf-382	321	3	smith	smith	PROPN
gujaf-382	321	4	,	,	PUNCT
gujaf-382	321	5	t.	t.	PROPN
gujaf-382	321	6	,	,	PUNCT
gujaf-382	321	7	jones	jones	PROPN
gujaf-382	321	8	,	,	PUNCT
gujaf-382	321	9	j.	j.	PROPN
gujaf-382	321	10	,	,	PUNCT
gujaf-382	321	11	&	&	CCONJ
gujaf-382	321	12	brown	brown	PROPN
gujaf-382	321	13	,	,	PUNCT
gujaf-382	321	14	m.	m.	NOUN
gujaf-382	321	15	(	(	PUNCT
gujaf-382	321	16	2020	2020	NUM
gujaf-382	321	17	)	)	PUNCT
gujaf-382	321	18	.	.	PUNCT
gujaf-382	322	1	the	the	DET
gujaf-382	322	2	basics	basic	NOUN
gujaf-382	322	3	of	of	ADP
gujaf-382	322	4	stock	stock	NOUN
gujaf-382	322	5	market	market	NOUN
gujaf-382	322	6	investing	investing	NOUN
gujaf-382	322	7	.	.	PUNCT
gujaf-382	323	1	new	new	PROPN
gujaf-382	323	2	york	york	PROPN
gujaf-382	323	3	,	,	PUNCT
gujaf-382	323	4	ny	ny	PROPN
gujaf-382	323	5	:	:	PUNCT
gujaf-382	323	6	kaplan	kaplan	PROPN
gujaf-382	323	7	publishing	publishing	PROPN
gujaf-382	323	8	.	.	PUNCT
gujaf-382	324	1	spence	spence	NOUN
gujaf-382	324	2	,	,	PUNCT
gujaf-382	324	3	m.	m.	NOUN
gujaf-382	324	4	1973	1973	NUM
gujaf-382	324	5	.	.	PUNCT
gujaf-382	325	1	job	job	NOUN
gujaf-382	325	2	market	market	NOUN
gujaf-382	325	3	signaling	signal	VERB
gujaf-382	325	4	.	.	PUNCT
gujaf-382	326	1	quarterly	quarterly	ADJ
gujaf-382	326	2	journal	journal	NOUN
gujaf-382	326	3	of	of	ADP
gujaf-382	326	4	economics	economic	NOUN
gujaf-382	326	5	,	,	PUNCT
gujaf-382	326	6	87	87	NUM
gujaf-382	326	7	:	:	SYM
gujaf-382	326	8	355	355	NUM
gujaf-382	326	9	-	-	SYM
gujaf-382	326	10	374	374	NUM
gujaf-382	326	11	.	.	PUNCT
gujaf-382	327	1	gusau	gusau	PROPN
gujaf-382	327	2	journal	journal	PROPN
gujaf-382	327	3	of	of	ADP
gujaf-382	327	4	accounting	accounting	NOUN
gujaf-382	327	5	and	and	CCONJ
gujaf-382	327	6	finance	finance	NOUN
gujaf-382	327	7	,	,	PUNCT
gujaf-382	327	8	vol.6	vol.6	PROPN
gujaf-382	327	9	,	,	PUNCT
gujaf-382	327	10	issue	issue	NOUN
gujaf-382	327	11	1	1	NUM
gujaf-382	327	12	,	,	PUNCT
gujaf-382	327	13	april	april	PROPN
gujaf-382	327	14	,	,	PUNCT
gujaf-382	327	15	2025	2025	NUM
gujaf-382	327	16	254	254	NUM
gujaf-382	327	17	subagyo	subagyo	NOUN
gujaf-382	327	18	,	,	PUNCT
gujaf-382	327	19	h.	h.	PROPN
gujaf-382	327	20	(	(	PUNCT
gujaf-382	327	21	2021	2021	NUM
gujaf-382	327	22	)	)	PUNCT
gujaf-382	327	23	.	.	PUNCT
gujaf-382	328	1	relationships	relationship	NOUN
gujaf-382	328	2	between	between	ADP
gujaf-382	328	3	debt	debt	NOUN
gujaf-382	328	4	,	,	PUNCT
gujaf-382	328	5	growth	growth	NOUN
gujaf-382	328	6	opportunities	opportunity	NOUN
gujaf-382	328	7	,	,	PUNCT
gujaf-382	328	8	and	and	CCONJ
gujaf-382	328	9	firm	firm	ADJ
gujaf-382	328	10	value	value	NOUN
gujaf-382	328	11	:	:	PUNCT
gujaf-382	328	12	empirical	empirical	ADJ
gujaf-382	328	13	evidence	evidence	NOUN
gujaf-382	328	14	from	from	ADP
gujaf-382	328	15	the	the	DET
gujaf-382	328	16	indonesia	indonesia	PROPN
gujaf-382	328	17	stock	stock	PROPN
gujaf-382	328	18	exchange	exchange	PROPN
gujaf-382	328	19	.	.	PUNCT
gujaf-382	329	1	the	the	DET
gujaf-382	329	2	journal	journal	NOUN
gujaf-382	329	3	of	of	ADP
gujaf-382	329	4	asian	asian	ADJ
gujaf-382	329	5	finance	finance	NOUN
gujaf-382	329	6	,	,	PUNCT
gujaf-382	329	7	economics	economic	NOUN
gujaf-382	329	8	and	and	CCONJ
gujaf-382	329	9	business	business	NOUN
gujaf-382	329	10	,	,	PUNCT
gujaf-382	329	11	8(1	8(1	NOUN
gujaf-382	329	12	)	)	PUNCT
gujaf-382	329	13	,	,	PUNCT
gujaf-382	329	14	813	813	NUM
gujaf-382	329	15	-	-	SYM
gujaf-382	329	16	821	821	NUM
gujaf-382	329	17	.	.	PUNCT
gujaf-382	330	1	suhadak	suhadak	PROPN
gujaf-382	330	2	,	,	PUNCT
gujaf-382	330	3	s.	s.	PROPN
gujaf-382	330	4	,	,	PUNCT
gujaf-382	330	5	rahayu	rahayu	PROPN
gujaf-382	330	6	,	,	PUNCT
gujaf-382	330	7	s.	s.	PROPN
gujaf-382	330	8	m.	m.	PROPN
gujaf-382	330	9	,	,	PUNCT
gujaf-382	330	10	&	&	CCONJ
gujaf-382	330	11	handayani	handayani	PROPN
gujaf-382	330	12	,	,	PUNCT
gujaf-382	330	13	s.	s.	PROPN
gujaf-382	330	14	r.	r.	PROPN
gujaf-382	330	15	(	(	PUNCT
gujaf-382	330	16	2019	2019	NUM
gujaf-382	330	17	)	)	PUNCT
gujaf-382	330	18	.	.	PUNCT
gujaf-382	331	1	gcg	gcg	NOUN
gujaf-382	331	2	,	,	PUNCT
gujaf-382	331	3	financial	financial	ADJ
gujaf-382	331	4	architecture	architecture	NOUN
gujaf-382	331	5	on	on	ADP
gujaf-382	331	6	stock	stock	NOUN
gujaf-382	331	7	return	return	NOUN
gujaf-382	331	8	,	,	PUNCT
gujaf-382	331	9	financial	financial	ADJ
gujaf-382	331	10	performance	performance	NOUN
gujaf-382	331	11	and	and	CCONJ
gujaf-382	331	12	corporate	corporate	ADJ
gujaf-382	331	13	value	value	NOUN
gujaf-382	331	14	.	.	PUNCT
gujaf-382	332	1	international	international	ADJ
gujaf-382	332	2	journal	journal	PROPN
gujaf-382	332	3	of	of	ADP
gujaf-382	332	4	productivity	productivity	NOUN
gujaf-382	332	5	and	and	CCONJ
gujaf-382	332	6	performance	performance	NOUN
gujaf-382	332	7	management	management	NOUN
gujaf-382	332	8	.	.	PUNCT
gujaf-382	333	1	suwanhirunkul	suwanhirunkul	PROPN
gujaf-382	333	2	.	.	PUNCT
gujaf-382	334	1	p.	p.	NOUN
gujaf-382	334	2	&	&	CCONJ
gujaf-382	334	3	masih	masih	PROPN
gujaf-382	334	4	,	,	PUNCT
gujaf-382	334	5	m.	m.	NOUN
gujaf-382	334	6	(	(	PUNCT
gujaf-382	334	7	2019	2019	NUM
gujaf-382	334	8	)	)	PUNCT
gujaf-382	334	9	.	.	PUNCT
gujaf-382	335	1	effect	effect	NOUN
gujaf-382	335	2	of	of	ADP
gujaf-382	335	3	dividend	dividend	NOUN
gujaf-382	335	4	policy	policy	NOUN
gujaf-382	335	5	on	on	ADP
gujaf-382	335	6	stock	stock	NOUN
gujaf-382	335	7	price	price	NOUN
gujaf-382	335	8	volatility	volatility	NOUN
gujaf-382	335	9	in	in	ADP
gujaf-382	335	10	the	the	DET
gujaf-382	335	11	dow	dow	PROPN
gujaf-382	335	12	jones	jones	PROPN
gujaf-382	335	13	u.s	u.s	PROPN
gujaf-382	335	14	.	.	PROPN
gujaf-382	335	15	index	index	NOUN
gujaf-382	335	16	and	and	CCONJ
gujaf-382	335	17	the	the	DET
gujaf-382	335	18	dow	dow	PROPN
gujaf-382	335	19	jones	jones	PROPN
gujaf-382	335	20	islamic	islamic	PROPN
gujaf-382	335	21	u.s	u.s	PROPN
gujaf-382	335	22	.	.	PROPN
gujaf-382	335	23	index	index	PROPN
gujaf-382	335	24	:	:	PUNCT
gujaf-382	335	25	evidences	evidence	NOUN
gujaf-382	335	26	from	from	ADP
gujaf-382	335	27	gmm	gmm	NOUN
gujaf-382	335	28	and	and	CCONJ
gujaf-382	335	29	quantile	quantile	ADJ
gujaf-382	335	30	regression	regression	NOUN
gujaf-382	335	31	.	.	PUNCT
gujaf-382	336	1	syed	sye	VERB
gujaf-382	336	2	,	,	PUNCT
gujaf-382	336	3	a.	a.	NOUN
gujaf-382	336	4	m.	m.	NOUN
gujaf-382	336	5	,	,	PUNCT
gujaf-382	336	6	bawazir	bawazir	PROPN
gujaf-382	336	7	,	,	PUNCT
gujaf-382	336	8	h.	h.	PROPN
gujaf-382	336	9	s.	s.	PROPN
gujaf-382	336	10	,	,	PUNCT
gujaf-382	336	11	&	&	CCONJ
gujaf-382	336	12	alsidrah	alsidrah	PROPN
gujaf-382	336	13	,	,	PUNCT
gujaf-382	336	14	i.	i.	PROPN
gujaf-382	336	15	t.	t.	PROPN
gujaf-382	336	16	(	(	PUNCT
gujaf-382	336	17	2023	2023	NUM
gujaf-382	336	18	)	)	PUNCT
gujaf-382	336	19	.	.	PUNCT
gujaf-382	337	1	dividend	dividend	NOUN
gujaf-382	337	2	policies	policy	NOUN
gujaf-382	337	3	and	and	CCONJ
gujaf-382	337	4	stock	stock	NOUN
gujaf-382	337	5	volatilityempirical	volatilityempirical	ADJ
gujaf-382	337	6	evidence	evidence	NOUN
gujaf-382	337	7	from	from	ADP
gujaf-382	337	8	middle	middle	ADJ
gujaf-382	337	9	eastern	eastern	ADJ
gujaf-382	337	10	stock	stock	NOUN
gujaf-382	337	11	markets	market	NOUN
gujaf-382	337	12	.	.	PUNCT
gujaf-382	338	1	review	review	NOUN
gujaf-382	338	2	of	of	ADP
gujaf-382	338	3	accounting	accounting	NOUN
gujaf-382	338	4	and	and	CCONJ
gujaf-382	338	5	finance	finance	NOUN
gujaf-382	338	6	.	.	PUNCT
gujaf-382	339	1	tabachnick	tabachnick	PROPN
gujaf-382	339	2	bg	bg	PROPN
gujaf-382	339	3	,	,	PUNCT
gujaf-382	339	4	fidell	fidell	PROPN
gujaf-382	339	5	ls	ls	X
gujaf-382	339	6	(	(	PUNCT
gujaf-382	339	7	1996	1996	NUM
gujaf-382	339	8	):	):	PUNCT
gujaf-382	339	9	using	use	VERB
gujaf-382	339	10	multivariate	multivariate	NOUN
gujaf-382	339	11	statistics	statistic	NOUN
gujaf-382	339	12	.	.	PUNCT
gujaf-382	340	1	harpercollins	harpercollins	PROPN
gujaf-382	340	2	,	,	PUNCT
gujaf-382	340	3	new	new	PROPN
gujaf-382	340	4	york	york	PROPN
gujaf-382	340	5	,	,	PUNCT
gujaf-382	340	6	new	new	PROPN
gujaf-382	340	7	york	york	PROPN
gujaf-382	340	8	,	,	PUNCT
gujaf-382	340	9	usa	usa	PROPN
gujaf-382	340	10	.	.	PROPN
gujaf-382	340	11	thisday	thisday	PROPN
gujaf-382	340	12	(	(	PUNCT
gujaf-382	340	13	2022	2022	NUM
gujaf-382	340	14	)	)	PUNCT
gujaf-382	340	15	.	.	PUNCT
gujaf-382	341	1	value	value	NOUN
gujaf-382	341	2	of	of	ADP
gujaf-382	341	3	banks	bank	NOUN
gujaf-382	341	4	stocks	stock	NOUN
gujaf-382	341	5	dwindle	dwindle	VERB
gujaf-382	341	6	by	by	ADP
gujaf-382	341	7	81.40bn	81.40bn	NUM
gujaf-382	341	8	retrieve	retrieve	NOUN
gujaf-382	341	9	from	from	ADP
gujaf-382	341	10	:	:	PUNCT
gujaf-382	341	11	https://www.thisdaylive.com/index.php/2021/12/06/value-of-banks-stocks-dwindle-byn81-04bn-on-weak-earnings-fx-challenges/	https://www.thisdaylive.com/index.php/2021/12/06/value-of-banks-stocks-dwindle-byn81-04bn-on-weak-earnings-fx-challenges/	NOUN
gujaf-382	341	12	thisday	thisday	NOUN
gujaf-382	341	13	.	.	PUNCT
gujaf-382	342	1	(	(	PUNCT
gujaf-382	342	2	2017	2017	NUM
gujaf-382	342	3	)	)	PUNCT
gujaf-382	342	4	.	.	PUNCT
gujaf-382	343	1	enhancing	enhance	VERB
gujaf-382	343	2	financial	financial	ADJ
gujaf-382	343	3	system	system	NOUN
gujaf-382	343	4	stability	stability	NOUN
gujaf-382	343	5	retrieved	retrieve	VERB
gujaf-382	343	6	from	from	ADP
gujaf-382	343	7	:	:	PUNCT
gujaf-382	343	8	https://www.thisdaylive.com/index.php/2017/09/18/enhancing-financial-systemstability/	https://www.thisdaylive.com/index.php/2017/09/18/enhancing-financial-systemstability/	PROPN
gujaf-382	343	9	tribune	tribune	PROPN
gujaf-382	343	10	(	(	PUNCT
gujaf-382	343	11	2022	2022	NUM
gujaf-382	343	12	)	)	PUNCT
gujaf-382	343	13	.	.	PUNCT
gujaf-382	344	1	local	local	ADJ
gujaf-382	344	2	stock	stock	NOUN
gujaf-382	344	3	market	market	NOUN
gujaf-382	344	4	decline	decline	NOUN
gujaf-382	344	5	by	by	ADP
gujaf-382	344	6	0.7	0.7	NUM
gujaf-382	344	7	per	per	NOUN
gujaf-382	344	8	cent	cent	NOUN
gujaf-382	344	9	wow	wow	INTJ
gujaf-382	344	10	as	as	SCONJ
gujaf-382	344	11	investors	investor	NOUN
gujaf-382	344	12	lost	lose	VERB
gujaf-382	344	13	n189bn	n189bn	PROPN
gujaf-382	344	14	.	.	PUNCT
gujaf-382	344	15	retrieved	retrieve	VERB
gujaf-382	344	16	from	from	ADP
gujaf-382	344	17	:	:	PUNCT
gujaf-382	344	18	https://tribuneonlineng.com/local-stock-market-decline-by-0-7-percent-wow-as-investors-lost-n189bn/	https://tribuneonlineng.com/local-stock-market-decline-by-0-7-percent-wow-as-investors-lost-n189bn/	X
gujaf-382	344	19	ugwuanyi	ugwuanyi	PROPN
gujaf-382	344	20	,	,	PUNCT
gujaf-382	344	21	g.	g.	PROPN
gujaf-382	344	22	o.	o.	PROPN
gujaf-382	344	23	,	,	PUNCT
gujaf-382	344	24	okanya	okanya	PROPN
gujaf-382	344	25	,	,	PUNCT
gujaf-382	344	26	o.	o.	PROPN
gujaf-382	344	27	,	,	PUNCT
gujaf-382	344	28	&	&	CCONJ
gujaf-382	344	29	paseda	paseda	PROPN
gujaf-382	344	30	,	,	PUNCT
gujaf-382	344	31	o.	o.	NOUN
gujaf-382	344	32	(	(	PUNCT
gujaf-382	344	33	2021	2021	NUM
gujaf-382	344	34	)	)	PUNCT
gujaf-382	344	35	.	.	PUNCT
gujaf-382	345	1	effects	effect	NOUN
gujaf-382	345	2	of	of	ADP
gujaf-382	345	3	economic	economic	ADJ
gujaf-382	345	4	recovery	recovery	NOUN
gujaf-382	345	5	on	on	ADP
gujaf-382	345	6	market	market	NOUN
gujaf-382	345	7	capitalization	capitalization	NOUN
gujaf-382	345	8	in	in	ADP
gujaf-382	345	9	nigeria	nigeria	PROPN
gujaf-382	345	10	.	.	PUNCT
gujaf-382	346	1	journal	journal	PROPN
gujaf-382	346	2	of	of	ADP
gujaf-382	346	3	accounting	accounting	NOUN
gujaf-382	346	4	,	,	PUNCT
gujaf-382	346	5	10	10	NUM
gujaf-382	346	6	,	,	PUNCT
gujaf-382	346	7	2	2	NUM
gujaf-382	346	8	.	.	NOUN
gujaf-382	346	9	veronesi	veronesi	NOUN
gujaf-382	346	10	,	,	PUNCT
gujaf-382	346	11	p.	p.	NOUN
gujaf-382	346	12	(	(	PUNCT
gujaf-382	346	13	2000	2000	NUM
gujaf-382	346	14	)	)	PUNCT
gujaf-382	346	15	.	.	PUNCT
gujaf-382	347	1	how	how	SCONJ
gujaf-382	347	2	does	do	AUX
gujaf-382	347	3	information	information	NOUN
gujaf-382	347	4	quality	quality	NOUN
gujaf-382	347	5	affect	affect	VERB
gujaf-382	347	6	stock	stock	NOUN
gujaf-382	347	7	returns	return	NOUN
gujaf-382	347	8	?	?	PUNCT
gujaf-382	348	1	the	the	DET
gujaf-382	348	2	journal	journal	PROPN
gujaf-382	348	3	of	of	ADP
gujaf-382	348	4	finance	finance	NOUN
gujaf-382	348	5	,	,	PUNCT
gujaf-382	348	6	55(2	55(2	NUM
gujaf-382	348	7	)	)	PUNCT
gujaf-382	348	8	,	,	PUNCT
gujaf-382	348	9	807	807	NUM
gujaf-382	348	10	-	-	SYM
gujaf-382	348	11	837	837	NUM
gujaf-382	348	12	.	.	PUNCT
gujaf-382	349	1	wooldridge	wooldridge	PROPN
gujaf-382	349	2	jm	jm	PROPN
gujaf-382	349	3	(	(	PUNCT
gujaf-382	349	4	2012	2012	NUM
gujaf-382	349	5	):	):	PUNCT
gujaf-382	349	6	introductory	introductory	ADJ
gujaf-382	349	7	econometrics	econometric	NOUN
gujaf-382	349	8	:	:	PUNCT
gujaf-382	349	9	a	a	DET
gujaf-382	349	10	modern	modern	ADJ
gujaf-382	349	11	approach	approach	NOUN
gujaf-382	349	12	(	(	PUNCT
gujaf-382	349	13	upper	upper	ADJ
gujaf-382	349	14	level	level	NOUN
gujaf-382	349	15	economics	economic	NOUN
gujaf-382	349	16	titles	title	NOUN
gujaf-382	349	17	)	)	PUNCT
gujaf-382	349	18	.	.	PUNCT
gujaf-382	350	1	southwestern	southwestern	ADJ
gujaf-382	350	2	college	college	PROPN
gujaf-382	350	3	publishing	publishing	NOUN
gujaf-382	350	4	,	,	PUNCT
gujaf-382	350	5	nashville	nashville	PROPN
gujaf-382	350	6	,	,	PUNCT
gujaf-382	350	7	τ	τ	PROPN
gujaf-382	350	8	аtn	аtn	PROPN
gujaf-382	350	9	,	,	PUNCT
gujaf-382	350	10	41	41	NUM
gujaf-382	350	11	,	,	PUNCT
gujaf-382	350	12	673	673	NUM
gujaf-382	350	13	-	-	SYM
gujaf-382	350	14	690	690	NUM
gujaf-382	350	15	zhang	zhang	PROPN
gujaf-382	350	16	,	,	PUNCT
gujaf-382	350	17	x.	x.	PROPN
gujaf-382	350	18	z.	z.	PROPN
gujaf-382	350	19	,	,	PUNCT
gujaf-382	350	20	&	&	CCONJ
gujaf-382	350	21	zhou	zhou	PROPN
gujaf-382	350	22	,	,	PUNCT
gujaf-382	350	23	h.	h.	PROPN
gujaf-382	350	24	z.	z.	PROPN
gujaf-382	350	25	(	(	PUNCT
gujaf-382	350	26	2020	2020	NUM
gujaf-382	350	27	)	)	PUNCT
gujaf-382	350	28	.	.	PUNCT
gujaf-382	351	1	leverage	leverage	NOUN
gujaf-382	351	2	structure	structure	NOUN
gujaf-382	351	3	and	and	CCONJ
gujaf-382	351	4	stock	stock	NOUN
gujaf-382	351	5	price	price	NOUN
gujaf-382	351	6	synchronicity	synchronicity	NOUN
gujaf-382	351	7	:	:	PUNCT
gujaf-382	351	8	evidence	evidence	NOUN
gujaf-382	351	9	from	from	ADP
gujaf-382	351	10	china	china	PROPN
gujaf-382	351	11	.	.	PUNCT
gujaf-382	352	1	1–15	1–15	PROPN
gujaf-382	352	2	.	.	PUNCT
gujaf-382	353	1	available	available	ADJ
gujaf-382	353	2	on	on	ADP
gujaf-382	353	3	:	:	PUNCT
gujaf-382	353	4	https://doi.org/10.1371/journal.pone.0235349	https://doi.org/10.1371/journal.pone.0235349	PROPN