id	sid	tid	token	lemma	pos
gujaf-70	1	1	gusau	gusau	PROPN
gujaf-70	1	2	journal	journal	NOUN
gujaf-70	1	3	of	of	ADP
gujaf-70	1	4	accounting	accounting	NOUN
gujaf-70	1	5	and	and	CCONJ
gujaf-70	1	6	finance	finance	NOUN
gujaf-70	1	7	,	,	PUNCT
gujaf-70	1	8	vol	vol	NOUN
gujaf-70	1	9	.	.	PROPN
gujaf-70	1	10	2	2	NUM
gujaf-70	1	11	,	,	PUNCT
gujaf-70	1	12	issue	issue	NOUN
gujaf-70	1	13	2	2	NUM
gujaf-70	1	14	,	,	PUNCT
gujaf-70	1	15	april	april	PROPN
gujaf-70	1	16	,	,	PUNCT
gujaf-70	1	17	2021	2021	NUM
gujaf-70	1	18	1	1	NUM
gujaf-70	1	19	gusau	gusau	ADJ
gujaf-70	1	20	journal	journal	NOUN
gujaf-70	1	21	of	of	ADP
gujaf-70	1	22	accounting	accounting	NOUN
gujaf-70	1	23	and	and	CCONJ
gujaf-70	1	24	finance	finance	NOUN
gujaf-70	1	25	(	(	PUNCT
gujaf-70	1	26	gujaf	gujaf	NOUN
gujaf-70	1	27	)	)	PUNCT
gujaf-70	1	28	vol	vol	NOUN
gujaf-70	1	29	.	.	NOUN
gujaf-70	1	30	2	2	NUM
gujaf-70	1	31	issue	issue	NOUN
gujaf-70	1	32	2	2	NUM
gujaf-70	1	33	april	april	PROPN
gujaf-70	1	34	,	,	PUNCT
gujaf-70	1	35	2021	2021	NUM
gujaf-70	1	36	issn	issn	X
gujaf-70	1	37	:	:	PUNCT
gujaf-70	1	38	2756	2756	NUM
gujaf-70	1	39	-	-	PUNCT
gujaf-70	1	40	665x	665x	NOUN
gujaf-70	1	41	a	a	DET
gujaf-70	1	42	publication	publication	NOUN
gujaf-70	1	43	of	of	ADP
gujaf-70	1	44	department	department	NOUN
gujaf-70	1	45	of	of	ADP
gujaf-70	1	46	accounting	accounting	NOUN
gujaf-70	1	47	and	and	CCONJ
gujaf-70	1	48	finance	finance	NOUN
gujaf-70	1	49	,	,	PUNCT
gujaf-70	1	50	faculty	faculty	NOUN
gujaf-70	1	51	of	of	ADP
gujaf-70	1	52	management	management	NOUN
gujaf-70	1	53	and	and	CCONJ
gujaf-70	1	54	social	social	ADJ
gujaf-70	1	55	sciences	science	NOUN
gujaf-70	1	56	,	,	PUNCT
gujaf-70	1	57	federal	federal	ADJ
gujaf-70	1	58	university	university	NOUN
gujaf-70	1	59	gusau	gusau	NOUN
gujaf-70	1	60	,	,	PUNCT
gujaf-70	1	61	zamfara	zamfara	PROPN
gujaf-70	1	62	state	state	PROPN
gujaf-70	1	63	–	–	PUNCT
gujaf-70	1	64	nigeria	nigeria	PROPN
gujaf-70	1	65	gusau	gusau	PROPN
gujaf-70	1	66	journal	journal	PROPN
gujaf-70	1	67	of	of	ADP
gujaf-70	1	68	accounting	accounting	NOUN
gujaf-70	1	69	and	and	CCONJ
gujaf-70	1	70	finance	finance	NOUN
gujaf-70	1	71	,	,	PUNCT
gujaf-70	1	72	vol	vol	NOUN
gujaf-70	1	73	.	.	PROPN
gujaf-70	1	74	2	2	NUM
gujaf-70	1	75	,	,	PUNCT
gujaf-70	1	76	issue	issue	NOUN
gujaf-70	1	77	2	2	NUM
gujaf-70	1	78	,	,	PUNCT
gujaf-70	1	79	april	april	PROPN
gujaf-70	1	80	,	,	PUNCT
gujaf-70	1	81	2021	2021	NUM
gujaf-70	1	82	2	2	NUM
gujaf-70	1	83	determinants	determinant	NOUN
gujaf-70	1	84	of	of	ADP
gujaf-70	1	85	market	market	NOUN
gujaf-70	1	86	price	price	NOUN
gujaf-70	1	87	of	of	ADP
gujaf-70	1	88	common	common	ADJ
gujaf-70	1	89	stock	stock	NOUN
gujaf-70	1	90	of	of	ADP
gujaf-70	1	91	listed	list	VERB
gujaf-70	1	92	industrialized	industrialize	VERB
gujaf-70	1	93	firms	firm	NOUN
gujaf-70	1	94	in	in	ADP
gujaf-70	1	95	nigeria	nigeria	PROPN
gujaf-70	1	96	aishat	aishat	PROPN
gujaf-70	1	97	salawudeen	salawudeen	PROPN
gujaf-70	1	98	department	department	PROPN
gujaf-70	1	99	of	of	ADP
gujaf-70	1	100	accounting	accounting	NOUN
gujaf-70	1	101	faculty	faculty	NOUN
gujaf-70	1	102	of	of	ADP
gujaf-70	1	103	management	management	PROPN
gujaf-70	1	104	sciences	sciences	PROPN
gujaf-70	1	105	university	university	PROPN
gujaf-70	1	106	of	of	ADP
gujaf-70	1	107	abuja	abuja	PROPN
gujaf-70	1	108	,	,	PUNCT
gujaf-70	1	109	nigeria	nigeria	PROPN
gujaf-70	2	1	ayizworld@gmail.com	ayizworld@gmail.com	X
gujaf-70	3	1	abdullateef	abdullateef	PROPN
gujaf-70	3	2	ibrahim	ibrahim	PROPN
gujaf-70	3	3	department	department	PROPN
gujaf-70	3	4	of	of	ADP
gujaf-70	3	5	accounting	accounting	PROPN
gujaf-70	3	6	faculty	faculty	NOUN
gujaf-70	3	7	of	of	ADP
gujaf-70	3	8	management	management	PROPN
gujaf-70	3	9	sciences	sciences	PROPN
gujaf-70	3	10	university	university	PROPN
gujaf-70	3	11	of	of	ADP
gujaf-70	3	12	abuja	abuja	PROPN
gujaf-70	3	13	,	,	PUNCT
gujaf-70	3	14	nigeria	nigeria	PROPN
gujaf-70	3	15	ibrahim.abdullateef@uniabuja.edu.ng	ibrahim.abdullateef@uniabuja.edu.ng	PROPN
gujaf-70	3	16	abstract	abstract	ADV
gujaf-70	3	17	this	this	DET
gujaf-70	3	18	study	study	NOUN
gujaf-70	3	19	explores	explore	VERB
gujaf-70	3	20	the	the	DET
gujaf-70	3	21	effect	effect	NOUN
gujaf-70	3	22	of	of	ADP
gujaf-70	3	23	the	the	DET
gujaf-70	3	24	dividend	dividend	NOUN
gujaf-70	3	25	payout	payout	NOUN
gujaf-70	3	26	ratio	ratio	NOUN
gujaf-70	3	27	on	on	ADP
gujaf-70	3	28	the	the	DET
gujaf-70	3	29	share	share	NOUN
gujaf-70	3	30	price	price	NOUN
gujaf-70	3	31	of	of	ADP
gujaf-70	3	32	listed	list	VERB
gujaf-70	3	33	industrialized	industrialize	VERB
gujaf-70	3	34	firms	firm	NOUN
gujaf-70	3	35	'	'	PART
gujaf-70	3	36	common	common	ADJ
gujaf-70	3	37	stock	stock	NOUN
gujaf-70	3	38	in	in	ADP
gujaf-70	3	39	nigeria	nigeria	PROPN
gujaf-70	3	40	.	.	PUNCT
gujaf-70	4	1	this	this	DET
gujaf-70	4	2	study	study	NOUN
gujaf-70	4	3	comprises	comprise	VERB
gujaf-70	4	4	sixty	sixty	NUM
gujaf-70	4	5	-	-	PUNCT
gujaf-70	4	6	three	three	NUM
gujaf-70	4	7	industrialized	industrialized	ADJ
gujaf-70	4	8	firms	firm	NOUN
gujaf-70	4	9	whose	whose	DET
gujaf-70	4	10	shares	share	NOUN
gujaf-70	4	11	were	be	AUX
gujaf-70	4	12	listed	list	VERB
gujaf-70	4	13	on	on	ADP
gujaf-70	4	14	the	the	DET
gujaf-70	4	15	nigerian	nigerian	ADJ
gujaf-70	4	16	stock	stock	NOUN
gujaf-70	4	17	exchange	exchange	NOUN
gujaf-70	4	18	between	between	ADP
gujaf-70	4	19	2008	2008	NUM
gujaf-70	4	20	and	and	CCONJ
gujaf-70	4	21	2019	2019	NUM
gujaf-70	4	22	.	.	PUNCT
gujaf-70	5	1	fifty	fifty	NUM
gujaf-70	5	2	-	-	PUNCT
gujaf-70	5	3	one	one	NUM
gujaf-70	5	4	firms	firm	NOUN
gujaf-70	5	5	have	have	AUX
gujaf-70	5	6	been	be	AUX
gujaf-70	5	7	used	use	VERB
gujaf-70	5	8	as	as	ADP
gujaf-70	5	9	a	a	DET
gujaf-70	5	10	sample	sample	NOUN
gujaf-70	5	11	.	.	PUNCT
gujaf-70	6	1	panel	panel	NOUN
gujaf-70	6	2	regression	regression	NOUN
gujaf-70	6	3	analysis	analysis	NOUN
gujaf-70	6	4	was	be	AUX
gujaf-70	6	5	used	use	VERB
gujaf-70	6	6	to	to	PART
gujaf-70	6	7	test	test	VERB
gujaf-70	6	8	the	the	DET
gujaf-70	6	9	hypotheses	hypothesis	NOUN
gujaf-70	6	10	of	of	ADP
gujaf-70	6	11	this	this	DET
gujaf-70	6	12	study	study	NOUN
gujaf-70	6	13	.	.	PUNCT
gujaf-70	7	1	the	the	DET
gujaf-70	7	2	results	result	NOUN
gujaf-70	7	3	showed	show	VERB
gujaf-70	7	4	that	that	SCONJ
gujaf-70	7	5	the	the	DET
gujaf-70	7	6	dividend	dividend	NOUN
gujaf-70	7	7	payout	payout	NOUN
gujaf-70	7	8	ratio	ratio	NOUN
gujaf-70	7	9	,	,	PUNCT
gujaf-70	7	10	growth	growth	NOUN
gujaf-70	7	11	,	,	PUNCT
gujaf-70	7	12	and	and	CCONJ
gujaf-70	7	13	age	age	NOUN
gujaf-70	7	14	significantly	significantly	ADV
gujaf-70	7	15	impacted	impact	VERB
gujaf-70	7	16	the	the	DET
gujaf-70	7	17	common	common	ADJ
gujaf-70	7	18	stock	stock	NOUN
gujaf-70	7	19	market	market	NOUN
gujaf-70	7	20	price	price	NOUN
gujaf-70	7	21	.	.	PUNCT
gujaf-70	8	1	also	also	ADV
gujaf-70	8	2	,	,	PUNCT
gujaf-70	8	3	leverage	leverage	NOUN
gujaf-70	8	4	and	and	CCONJ
gujaf-70	8	5	firm	firm	ADJ
gujaf-70	8	6	size	size	NOUN
gujaf-70	8	7	had	have	VERB
gujaf-70	8	8	a	a	DET
gujaf-70	8	9	significant	significant	ADJ
gujaf-70	8	10	negative	negative	ADJ
gujaf-70	8	11	impact	impact	NOUN
gujaf-70	8	12	on	on	ADP
gujaf-70	8	13	the	the	DET
gujaf-70	8	14	market	market	NOUN
gujaf-70	8	15	price	price	NOUN
gujaf-70	8	16	of	of	ADP
gujaf-70	8	17	the	the	DET
gujaf-70	8	18	common	common	ADJ
gujaf-70	8	19	stock	stock	NOUN
gujaf-70	8	20	.	.	PUNCT
gujaf-70	9	1	however	however	ADV
gujaf-70	9	2	,	,	PUNCT
gujaf-70	9	3	profitability	profitability	NOUN
gujaf-70	9	4	has	have	VERB
gujaf-70	9	5	an	an	DET
gujaf-70	9	6	insignificant	insignificant	ADJ
gujaf-70	9	7	impact	impact	NOUN
gujaf-70	9	8	on	on	ADP
gujaf-70	9	9	the	the	DET
gujaf-70	9	10	market	market	NOUN
gujaf-70	9	11	price	price	NOUN
gujaf-70	9	12	of	of	ADP
gujaf-70	9	13	the	the	DET
gujaf-70	9	14	common	common	ADJ
gujaf-70	9	15	stock	stock	NOUN
gujaf-70	9	16	.	.	PUNCT
gujaf-70	10	1	accordingly	accordingly	ADV
gujaf-70	10	2	,	,	PUNCT
gujaf-70	10	3	this	this	DET
gujaf-70	10	4	study	study	NOUN
gujaf-70	10	5	concludes	conclude	VERB
gujaf-70	10	6	that	that	SCONJ
gujaf-70	10	7	the	the	DET
gujaf-70	10	8	dividend	dividend	NOUN
gujaf-70	10	9	payout	payout	NOUN
gujaf-70	10	10	ratio	ratio	NOUN
gujaf-70	10	11	is	be	AUX
gujaf-70	10	12	essential	essential	ADJ
gujaf-70	10	13	for	for	ADP
gujaf-70	10	14	determining	determine	VERB
gujaf-70	10	15	the	the	DET
gujaf-70	10	16	common	common	ADJ
gujaf-70	10	17	market	market	NOUN
gujaf-70	10	18	price	price	NOUN
gujaf-70	10	19	.	.	PUNCT
gujaf-70	11	1	it	it	PRON
gujaf-70	11	2	suggests	suggest	VERB
gujaf-70	11	3	that	that	SCONJ
gujaf-70	11	4	nigeria	nigeria	PROPN
gujaf-70	11	5	's	's	PART
gujaf-70	11	6	listed	list	VERB
gujaf-70	11	7	industrialized	industrialized	ADJ
gujaf-70	11	8	firms	firm	NOUN
gujaf-70	11	9	could	could	AUX
gujaf-70	11	10	restructure	restructure	VERB
gujaf-70	11	11	their	their	PRON
gujaf-70	11	12	dividend	dividend	NOUN
gujaf-70	11	13	policies	policy	NOUN
gujaf-70	11	14	to	to	ADP
gujaf-70	11	15	the	the	DET
gujaf-70	11	16	extent	extent	NOUN
gujaf-70	11	17	that	that	SCONJ
gujaf-70	11	18	the	the	DET
gujaf-70	11	19	dividend	dividend	NOUN
gujaf-70	11	20	payout	payout	NOUN
gujaf-70	11	21	ratio	ratio	NOUN
gujaf-70	11	22	will	will	AUX
gujaf-70	11	23	be	be	AUX
gujaf-70	11	24	susceptible	susceptible	ADJ
gujaf-70	11	25	to	to	ADP
gujaf-70	11	26	shareholders	shareholder	NOUN
gujaf-70	11	27	'	'	PART
gujaf-70	11	28	needs	need	NOUN
gujaf-70	11	29	.	.	PUNCT
gujaf-70	12	1	it	it	PRON
gujaf-70	12	2	will	will	AUX
gujaf-70	12	3	promote	promote	VERB
gujaf-70	12	4	more	more	ADJ
gujaf-70	12	5	spending	spending	NOUN
gujaf-70	12	6	by	by	ADP
gujaf-70	12	7	shareholders	shareholder	NOUN
gujaf-70	12	8	(	(	PUNCT
gujaf-70	12	9	existing	exist	VERB
gujaf-70	12	10	shareholders	shareholder	NOUN
gujaf-70	12	11	to	to	PART
gujaf-70	12	12	retain	retain	VERB
gujaf-70	12	13	their	their	PRON
gujaf-70	12	14	shareholding	shareholding	NOUN
gujaf-70	12	15	and	and	CCONJ
gujaf-70	12	16	invest	invest	VERB
gujaf-70	12	17	in	in	ADP
gujaf-70	12	18	buying	buy	VERB
gujaf-70	12	19	more	more	ADJ
gujaf-70	12	20	shares	share	NOUN
gujaf-70	12	21	when	when	SCONJ
gujaf-70	12	22	made	make	VERB
gujaf-70	12	23	available	available	ADJ
gujaf-70	12	24	)	)	PUNCT
gujaf-70	12	25	.	.	PUNCT
gujaf-70	13	1	it	it	PRON
gujaf-70	13	2	would	would	AUX
gujaf-70	13	3	help	help	VERB
gujaf-70	13	4	attract	attract	VERB
gujaf-70	13	5	prospective	prospective	ADJ
gujaf-70	13	6	investors	investor	NOUN
gujaf-70	13	7	to	to	PART
gujaf-70	13	8	invest	invest	VERB
gujaf-70	13	9	in	in	ADP
gujaf-70	13	10	the	the	DET
gujaf-70	13	11	company	company	NOUN
gujaf-70	13	12	's	's	PART
gujaf-70	13	13	share	share	NOUN
gujaf-70	13	14	,	,	PUNCT
gujaf-70	13	15	thus	thus	ADV
gujaf-70	13	16	growing	grow	VERB
gujaf-70	13	17	the	the	DET
gujaf-70	13	18	wealth	wealth	NOUN
gujaf-70	13	19	of	of	ADP
gujaf-70	13	20	existing	exist	VERB
gujaf-70	13	21	shareholders	shareholder	NOUN
gujaf-70	13	22	.	.	PUNCT
gujaf-70	14	1	keywords	keyword	NOUN
gujaf-70	14	2	:	:	PUNCT
gujaf-70	14	3	dividend	dividend	VERB
gujaf-70	14	4	payout	payout	NOUN
gujaf-70	14	5	ratio	ratio	NOUN
gujaf-70	14	6	,	,	PUNCT
gujaf-70	14	7	market	market	NOUN
gujaf-70	14	8	price	price	NOUN
gujaf-70	14	9	,	,	PUNCT
gujaf-70	14	10	common	common	ADJ
gujaf-70	14	11	stock	stock	NOUN
gujaf-70	14	12	,	,	PUNCT
gujaf-70	14	13	industrilised	industrilise	VERB
gujaf-70	14	14	firms	firm	NOUN
gujaf-70	14	15	nigeria	nigeria	PROPN
gujaf-70	14	16	1	1	X
gujaf-70	14	17	.	.	PUNCT
gujaf-70	15	1	introduction	introduction	NOUN
gujaf-70	15	2	dividend	dividend	NOUN
gujaf-70	15	3	policy	policy	NOUN
gujaf-70	15	4	remains	remain	VERB
gujaf-70	15	5	the	the	DET
gujaf-70	15	6	most	most	ADV
gujaf-70	15	7	important	important	ADJ
gujaf-70	15	8	financial	financial	ADJ
gujaf-70	15	9	decision	decision	NOUN
gujaf-70	15	10	among	among	ADP
gujaf-70	15	11	companies	company	NOUN
gujaf-70	15	12	around	around	ADP
gujaf-70	15	13	the	the	DET
gujaf-70	15	14	world	world	NOUN
gujaf-70	15	15	.	.	PUNCT
gujaf-70	16	1	dividend	dividend	NOUN
gujaf-70	16	2	payout	payout	NOUN
gujaf-70	16	3	is	be	AUX
gujaf-70	16	4	concerned	concern	VERB
gujaf-70	16	5	with	with	ADP
gujaf-70	16	6	the	the	DET
gujaf-70	16	7	trade	trade	NOUN
gujaf-70	16	8	-	-	PUNCT
gujaf-70	16	9	off	off	NOUN
gujaf-70	16	10	between	between	ADP
gujaf-70	16	11	reinvestment	reinvestment	NOUN
gujaf-70	16	12	profits	profit	NOUN
gujaf-70	16	13	and	and	CCONJ
gujaf-70	16	14	cash	cash	NOUN
gujaf-70	16	15	disbursement	disbursement	NOUN
gujaf-70	16	16	to	to	ADP
gujaf-70	16	17	shareholders	shareholder	NOUN
gujaf-70	16	18	(	(	PUNCT
gujaf-70	16	19	tahir	tahir	PROPN
gujaf-70	16	20	&	&	CCONJ
gujaf-70	16	21	raja	raja	PROPN
gujaf-70	16	22	,	,	PUNCT
gujaf-70	16	23	2014	2014	NUM
gujaf-70	16	24	)	)	PUNCT
gujaf-70	16	25	.	.	PUNCT
gujaf-70	17	1	the	the	DET
gujaf-70	17	2	formulation	formulation	NOUN
gujaf-70	17	3	of	of	ADP
gujaf-70	17	4	dividend	dividend	NOUN
gujaf-70	17	5	decisions	decision	NOUN
gujaf-70	17	6	is	be	AUX
gujaf-70	17	7	a	a	DET
gujaf-70	17	8	core	core	ADJ
gujaf-70	17	9	feature	feature	NOUN
gujaf-70	17	10	of	of	ADP
gujaf-70	17	11	the	the	DET
gujaf-70	17	12	board	board	NOUN
gujaf-70	17	13	of	of	ADP
gujaf-70	17	14	directors	director	NOUN
gujaf-70	17	15	,	,	PUNCT
gujaf-70	17	16	which	which	PRON
gujaf-70	17	17	stands	stand	VERB
gujaf-70	17	18	out	out	ADP
gujaf-70	17	19	,	,	PUNCT
gujaf-70	17	20	among	among	ADP
gujaf-70	17	21	other	other	ADJ
gujaf-70	17	22	important	important	ADJ
gujaf-70	17	23	financial	financial	ADJ
gujaf-70	17	24	decisions	decision	NOUN
gujaf-70	17	25	,	,	PUNCT
gujaf-70	17	26	from	from	ADP
gujaf-70	17	27	an	an	DET
gujaf-70	17	28	operational	operational	ADJ
gujaf-70	17	29	and	and	CCONJ
gujaf-70	17	30	shareholder	shareholder	NOUN
gujaf-70	17	31	viewpoint	viewpoint	NOUN
gujaf-70	17	32	.	.	PUNCT
gujaf-70	18	1	conversely	conversely	ADV
gujaf-70	18	2	,	,	PUNCT
gujaf-70	18	3	the	the	DET
gujaf-70	18	4	dividend	dividend	NOUN
gujaf-70	18	5	's	's	PART
gujaf-70	18	6	decision	decision	NOUN
gujaf-70	18	7	-	-	PUNCT
gujaf-70	18	8	making	make	VERB
gujaf-70	18	9	role	role	NOUN
gujaf-70	18	10	is	be	AUX
gujaf-70	18	11	reflected	reflect	VERB
gujaf-70	18	12	in	in	ADP
gujaf-70	18	13	the	the	DET
gujaf-70	18	14	common	common	ADJ
gujaf-70	18	15	stock	stock	NOUN
gujaf-70	18	16	market	market	NOUN
gujaf-70	18	17	price	price	NOUN
gujaf-70	18	18	(	(	PUNCT
gujaf-70	18	19	azhagaiah	azhagaiah	PROPN
gujaf-70	18	20	&	&	CCONJ
gujaf-70	18	21	sabaripriya	sabaripriya	PROPN
gujaf-70	18	22	2008	2008	NUM
gujaf-70	18	23	)	)	PUNCT
gujaf-70	18	24	.	.	PUNCT
gujaf-70	19	1	sarwar	sarwar	PROPN
gujaf-70	19	2	and	and	CCONJ
gujaf-70	19	3	salman	salman	PROPN
gujaf-70	19	4	(	(	PUNCT
gujaf-70	19	5	2013	2013	NUM
gujaf-70	19	6	)	)	PUNCT
gujaf-70	19	7	observed	observe	VERB
gujaf-70	19	8	that	that	SCONJ
gujaf-70	19	9	the	the	DET
gujaf-70	19	10	best	good	ADJ
gujaf-70	19	11	dividend	dividend	NOUN
gujaf-70	19	12	decision	decision	NOUN
gujaf-70	19	13	maximizes	maximize	VERB
gujaf-70	19	14	the	the	DET
gujaf-70	19	15	company	company	NOUN
gujaf-70	19	16	's	's	PART
gujaf-70	19	17	share	share	NOUN
gujaf-70	19	18	price	price	NOUN
gujaf-70	19	19	.	.	PUNCT
gujaf-70	20	1	yustisiana	yustisiana	PROPN
gujaf-70	20	2	(	(	PUNCT
gujaf-70	20	3	2017	2017	NUM
gujaf-70	20	4	)	)	PUNCT
gujaf-70	20	5	argued	argue	VERB
gujaf-70	20	6	that	that	SCONJ
gujaf-70	20	7	the	the	DET
gujaf-70	20	8	market	market	NOUN
gujaf-70	20	9	price	price	NOUN
gujaf-70	20	10	of	of	ADP
gujaf-70	20	11	common	common	ADJ
gujaf-70	20	12	stock	stock	NOUN
gujaf-70	20	13	,	,	PUNCT
gujaf-70	20	14	better	well	ADV
gujaf-70	20	15	known	know	VERB
gujaf-70	20	16	as	as	ADP
gujaf-70	20	17	the	the	DET
gujaf-70	20	18	share	share	NOUN
gujaf-70	20	19	price	price	NOUN
gujaf-70	20	20	,	,	PUNCT
gujaf-70	20	21	is	be	AUX
gujaf-70	20	22	essentially	essentially	ADV
gujaf-70	20	23	the	the	DET
gujaf-70	20	24	amount	amount	NOUN
gujaf-70	20	25	of	of	ADP
gujaf-70	20	26	cash	cash	NOUN
gujaf-70	20	27	investors	investor	NOUN
gujaf-70	20	28	are	be	AUX
gujaf-70	20	29	willing	willing	ADJ
gujaf-70	20	30	to	to	PART
gujaf-70	20	31	pay	pay	VERB
gujaf-70	20	32	for	for	ADP
gujaf-70	20	33	one	one	NUM
gujaf-70	20	34	share	share	NOUN
gujaf-70	20	35	.	.	PUNCT
gujaf-70	21	1	notably	notably	ADV
gujaf-70	21	2	,	,	PUNCT
gujaf-70	21	3	the	the	DET
gujaf-70	21	4	market	market	NOUN
gujaf-70	21	5	price	price	NOUN
gujaf-70	21	6	of	of	ADP
gujaf-70	21	7	the	the	DET
gujaf-70	21	8	common	common	ADJ
gujaf-70	21	9	stock	stock	NOUN
gujaf-70	21	10	used	use	VERB
gujaf-70	21	11	here	here	ADV
gujaf-70	21	12	does	do	AUX
gujaf-70	21	13	not	not	PART
gujaf-70	21	14	consider	consider	VERB
gujaf-70	21	15	the	the	DET
gujaf-70	21	16	real	real	ADJ
gujaf-70	21	17	value	value	NOUN
gujaf-70	21	18	of	of	ADP
gujaf-70	21	19	the	the	DET
gujaf-70	21	20	company	company	NOUN
gujaf-70	21	21	's	's	PART
gujaf-70	21	22	properties	property	NOUN
gujaf-70	21	23	,	,	PUNCT
gujaf-70	21	24	such	such	ADJ
gujaf-70	21	25	as	as	ADP
gujaf-70	21	26	the	the	DET
gujaf-70	21	27	book	book	NOUN
gujaf-70	21	28	value	value	NOUN
gujaf-70	21	29	per	per	ADP
gujaf-70	21	30	share	share	NOUN
gujaf-70	21	31	,	,	PUNCT
gujaf-70	21	32	based	base	VERB
gujaf-70	21	33	on	on	ADP
gujaf-70	21	34	the	the	DET
gujaf-70	21	35	details	detail	NOUN
gujaf-70	21	36	on	on	ADP
gujaf-70	21	37	the	the	DET
gujaf-70	21	38	company	company	NOUN
gujaf-70	21	39	's	's	PART
gujaf-70	21	40	balance	balance	NOUN
gujaf-70	21	41	sheet	sheet	NOUN
gujaf-70	21	42	.	.	PUNCT
gujaf-70	22	1	the	the	DET
gujaf-70	22	2	common	common	ADJ
gujaf-70	22	3	stock	stock	NOUN
gujaf-70	22	4	price	price	NOUN
gujaf-70	22	5	is	be	AUX
gujaf-70	22	6	a	a	DET
gujaf-70	22	7	valuable	valuable	ADJ
gujaf-70	22	8	analytical	analytical	ADJ
gujaf-70	22	9	method	method	NOUN
gujaf-70	22	10	for	for	ADP
gujaf-70	22	11	assessing	assess	VERB
gujaf-70	22	12	whether	whether	SCONJ
gujaf-70	22	13	an	an	DET
gujaf-70	22	14	investment	investment	NOUN
gujaf-70	22	15	in	in	ADP
gujaf-70	22	16	a	a	DET
gujaf-70	22	17	business	business	NOUN
gujaf-70	22	18	is	be	AUX
gujaf-70	22	19	worthwhile	worthwhile	ADJ
gujaf-70	22	20	.	.	PUNCT
gujaf-70	23	1	the	the	DET
gujaf-70	23	2	share	share	NOUN
gujaf-70	23	3	price	price	NOUN
gujaf-70	23	4	is	be	AUX
gujaf-70	23	5	the	the	DET
gujaf-70	23	6	central	central	ADJ
gujaf-70	23	7	determinant	determinant	ADJ
gujaf-70	23	8	of	of	ADP
gujaf-70	23	9	common	common	ADJ
gujaf-70	23	10	shares	share	NOUN
gujaf-70	23	11	'	'	PART
gujaf-70	23	12	market	market	NOUN
gujaf-70	23	13	price	price	NOUN
gujaf-70	23	14	(	(	PUNCT
gujaf-70	23	15	zafar	zafar	X
gujaf-70	23	16	et	et	PROPN
gujaf-70	23	17	al	al	PROPN
gujaf-70	23	18	,	,	PUNCT
gujaf-70	23	19	2012	2012	NUM
gujaf-70	23	20	;	;	PUNCT
gujaf-70	23	21	bawa	bawa	PROPN
gujaf-70	23	22	,	,	PUNCT
gujaf-70	23	23	2013	2013	NUM
gujaf-70	23	24	)	)	PUNCT
gujaf-70	23	25	.	.	PUNCT
gujaf-70	24	1	besides	besides	SCONJ
gujaf-70	24	2	,	,	PUNCT
gujaf-70	24	3	previous	previous	ADJ
gujaf-70	24	4	studies	study	NOUN
gujaf-70	24	5	such	such	ADJ
gujaf-70	24	6	as	as	ADP
gujaf-70	24	7	ponsian	ponsian	PROPN
gujaf-70	24	8	et	et	PROPN
gujaf-70	24	9	al	al	PROPN
gujaf-70	24	10	.	.	PROPN
gujaf-70	24	11	,	,	PUNCT
gujaf-70	24	12	(	(	PUNCT
gujaf-70	24	13	2015	2015	NUM
gujaf-70	24	14	)	)	PUNCT
gujaf-70	24	15	and	and	CCONJ
gujaf-70	24	16	zakaria	zakaria	PROPN
gujaf-70	24	17	et	et	PROPN
gujaf-70	24	18	al	al	PROPN
gujaf-70	24	19	.	.	PROPN
gujaf-70	24	20	,	,	PUNCT
gujaf-70	24	21	(	(	PUNCT
gujaf-70	24	22	2012	2012	NUM
gujaf-70	24	23	)	)	PUNCT
gujaf-70	24	24	argued	argue	VERB
gujaf-70	24	25	that	that	SCONJ
gujaf-70	24	26	the	the	DET
gujaf-70	24	27	dividend	dividend	NOUN
gujaf-70	24	28	payment	payment	NOUN
gujaf-70	24	29	is	be	AUX
gujaf-70	24	30	crucial	crucial	ADJ
gujaf-70	24	31	to	to	ADP
gujaf-70	24	32	the	the	DET
gujaf-70	24	33	stock	stock	NOUN
gujaf-70	24	34	return	return	NOUN
gujaf-70	24	35	to	to	ADP
gujaf-70	24	36	shareholders	shareholder	NOUN
gujaf-70	24	37	,	,	PUNCT
gujaf-70	24	38	which	which	PRON
gujaf-70	24	39	is	be	AUX
gujaf-70	24	40	geared	gear	VERB
gujaf-70	24	41	towards	towards	ADP
gujaf-70	24	42	the	the	DET
gujaf-70	24	43	better	well	ADJ
gujaf-70	24	44	financial	financial	ADJ
gujaf-70	24	45	recovery	recovery	NOUN
gujaf-70	24	46	of	of	ADP
gujaf-70	24	47	the	the	DET
gujaf-70	24	48	shareholders	shareholder	NOUN
gujaf-70	24	49	.	.	PUNCT
gujaf-70	25	1	ponsian	ponsian	PROPN
gujaf-70	25	2	et	et	PROPN
gujaf-70	25	3	al	al	PROPN
gujaf-70	25	4	.	.	PROPN
gujaf-70	25	5	,	,	PUNCT
gujaf-70	25	6	mailto:ayizworld@gmail.com	mailto:ayizworld@gmail.com	PROPN
gujaf-70	25	7	mailto:ibrahim.abdullateef@uniabuja.edu.ng	mailto:ibrahim.abdullateef@uniabuja.edu.ng	PROPN
gujaf-70	25	8	gusau	gusau	ADJ
gujaf-70	25	9	journal	journal	NOUN
gujaf-70	25	10	of	of	ADP
gujaf-70	25	11	accounting	accounting	NOUN
gujaf-70	25	12	and	and	CCONJ
gujaf-70	25	13	finance	finance	NOUN
gujaf-70	25	14	,	,	PUNCT
gujaf-70	25	15	vol	vol	NOUN
gujaf-70	25	16	.	.	PROPN
gujaf-70	25	17	2	2	NUM
gujaf-70	25	18	,	,	PUNCT
gujaf-70	25	19	issue	issue	NOUN
gujaf-70	25	20	2	2	NUM
gujaf-70	25	21	,	,	PUNCT
gujaf-70	25	22	april	april	PROPN
gujaf-70	25	23	,	,	PUNCT
gujaf-70	25	24	2021	2021	NUM
gujaf-70	25	25	3	3	NUM
gujaf-70	25	26	(	(	PUNCT
gujaf-70	25	27	2015	2015	NUM
gujaf-70	25	28	)	)	PUNCT
gujaf-70	25	29	argued	argue	VERB
gujaf-70	25	30	that	that	SCONJ
gujaf-70	25	31	cash	cash	NOUN
gujaf-70	25	32	incentives	incentive	NOUN
gujaf-70	25	33	echo	echo	VERB
gujaf-70	25	34	the	the	DET
gujaf-70	25	35	company	company	NOUN
gujaf-70	25	36	's	's	PART
gujaf-70	25	37	earnings	earning	NOUN
gujaf-70	25	38	power	power	NOUN
gujaf-70	25	39	and	and	CCONJ
gujaf-70	25	40	offer	offer	VERB
gujaf-70	25	41	shareholders	shareholder	NOUN
gujaf-70	25	42	constant	constant	ADJ
gujaf-70	25	43	earnings	earning	NOUN
gujaf-70	25	44	.	.	PUNCT
gujaf-70	26	1	it	it	PRON
gujaf-70	26	2	increases	increase	VERB
gujaf-70	26	3	the	the	DET
gujaf-70	26	4	certainty	certainty	NOUN
gujaf-70	26	5	of	of	ADP
gujaf-70	26	6	shareholders	shareholder	NOUN
gujaf-70	26	7	in	in	ADP
gujaf-70	26	8	their	their	PRON
gujaf-70	26	9	search	search	NOUN
gujaf-70	26	10	for	for	ADP
gujaf-70	26	11	the	the	DET
gujaf-70	26	12	payment	payment	NOUN
gujaf-70	26	13	of	of	ADP
gujaf-70	26	14	a	a	DET
gujaf-70	26	15	cash	cash	NOUN
gujaf-70	26	16	dividend	dividend	NOUN
gujaf-70	26	17	.	.	PUNCT
gujaf-70	27	1	the	the	DET
gujaf-70	27	2	cash	cash	NOUN
gujaf-70	27	3	reward	reward	NOUN
gujaf-70	27	4	in	in	ADP
gujaf-70	27	5	the	the	DET
gujaf-70	27	6	form	form	NOUN
gujaf-70	27	7	of	of	ADP
gujaf-70	27	8	a	a	DET
gujaf-70	27	9	dividend	dividend	NOUN
gujaf-70	27	10	payout	payout	NOUN
gujaf-70	27	11	ratio	ratio	NOUN
gujaf-70	27	12	is	be	AUX
gujaf-70	27	13	a	a	DET
gujaf-70	27	14	crucial	crucial	ADJ
gujaf-70	27	15	financial	financial	ADJ
gujaf-70	27	16	measure	measure	NOUN
gujaf-70	27	17	used	use	VERB
gujaf-70	27	18	to	to	PART
gujaf-70	27	19	assess	assess	VERB
gujaf-70	27	20	the	the	DET
gujaf-70	27	21	company	company	NOUN
gujaf-70	27	22	's	's	PART
gujaf-70	27	23	dividend	dividend	NOUN
gujaf-70	27	24	payments	payment	NOUN
gujaf-70	27	25	.	.	PUNCT
gujaf-70	28	1	the	the	DET
gujaf-70	28	2	payout	payout	ADJ
gujaf-70	28	3	ratios	ratio	NOUN
gujaf-70	28	4	have	have	VERB
gujaf-70	28	5	considerable	considerable	ADJ
gujaf-70	28	6	predictive	predictive	ADJ
gujaf-70	28	7	ability	ability	NOUN
gujaf-70	28	8	,	,	PUNCT
gujaf-70	28	9	signaling	signal	VERB
gujaf-70	28	10	the	the	DET
gujaf-70	28	11	stage	stage	NOUN
gujaf-70	28	12	of	of	ADP
gujaf-70	28	13	the	the	DET
gujaf-70	28	14	company	company	NOUN
gujaf-70	28	15	's	's	PART
gujaf-70	28	16	growth	growth	NOUN
gujaf-70	28	17	(	(	PUNCT
gujaf-70	28	18	zakaria	zakaria	PROPN
gujaf-70	28	19	et	et	PROPN
gujaf-70	28	20	al	al	PROPN
gujaf-70	28	21	.	.	PROPN
gujaf-70	28	22	,	,	PUNCT
gujaf-70	28	23	2012	2012	NUM
gujaf-70	28	24	)	)	PUNCT
gujaf-70	28	25	.	.	PUNCT
gujaf-70	29	1	the	the	DET
gujaf-70	29	2	decision	decision	NOUN
gujaf-70	29	3	to	to	PART
gujaf-70	29	4	opt	opt	VERB
gujaf-70	29	5	for	for	ADP
gujaf-70	29	6	the	the	DET
gujaf-70	29	7	optimum	optimum	ADJ
gujaf-70	29	8	dividend	dividend	NOUN
gujaf-70	29	9	payout	payout	NOUN
gujaf-70	29	10	ratio	ratio	NOUN
gujaf-70	29	11	,	,	PUNCT
gujaf-70	29	12	which	which	PRON
gujaf-70	29	13	raises	raise	VERB
gujaf-70	29	14	common	common	ADJ
gujaf-70	29	15	shares	share	NOUN
gujaf-70	29	16	'	'	PART
gujaf-70	29	17	market	market	NOUN
gujaf-70	29	18	price	price	NOUN
gujaf-70	29	19	,	,	PUNCT
gujaf-70	29	20	has	have	AUX
gujaf-70	29	21	been	be	AUX
gujaf-70	29	22	the	the	DET
gujaf-70	29	23	focus	focus	NOUN
gujaf-70	29	24	of	of	ADP
gujaf-70	29	25	research	research	NOUN
gujaf-70	29	26	in	in	ADP
gujaf-70	29	27	developed	develop	VERB
gujaf-70	29	28	and	and	CCONJ
gujaf-70	29	29	developing	develop	VERB
gujaf-70	29	30	economies	economy	NOUN
gujaf-70	29	31	.	.	PUNCT
gujaf-70	30	1	at	at	ADP
gujaf-70	30	2	the	the	DET
gujaf-70	30	3	same	same	ADJ
gujaf-70	30	4	time	time	NOUN
gujaf-70	30	5	,	,	PUNCT
gujaf-70	30	6	gejalakshmi	gejalakshmi	NOUN
gujaf-70	30	7	and	and	CCONJ
gujaf-70	30	8	azhagaiah	azhagaiah	NOUN
gujaf-70	30	9	(	(	PUNCT
gujaf-70	30	10	2015	2015	NUM
gujaf-70	30	11	)	)	PUNCT
gujaf-70	30	12	;	;	PUNCT
gujaf-70	30	13	ponsian	ponsian	PROPN
gujaf-70	30	14	et	et	PROPN
gujaf-70	30	15	al	al	PROPN
gujaf-70	30	16	.	.	PROPN
gujaf-70	30	17	,	,	PUNCT
gujaf-70	30	18	(	(	PUNCT
gujaf-70	30	19	2015	2015	NUM
gujaf-70	30	20	)	)	PUNCT
gujaf-70	30	21	,	,	PUNCT
gujaf-70	30	22	sharif	sharif	PROPN
gujaf-70	30	23	et	et	PROPN
gujaf-70	30	24	al	al	PROPN
gujaf-70	30	25	.	.	PROPN
gujaf-70	30	26	,	,	PUNCT
gujaf-70	30	27	(	(	PUNCT
gujaf-70	30	28	2015	2015	NUM
gujaf-70	30	29	)	)	PUNCT
gujaf-70	30	30	;	;	PUNCT
gujaf-70	30	31	alim	alim	NOUN
gujaf-70	30	32	et	et	PROPN
gujaf-70	30	33	al	al	PROPN
gujaf-70	30	34	.	.	PROPN
gujaf-70	30	35	,	,	PUNCT
gujaf-70	30	36	(	(	PUNCT
gujaf-70	30	37	2014	2014	NUM
gujaf-70	30	38	)	)	PUNCT
gujaf-70	30	39	;	;	PUNCT
gujaf-70	30	40	hassan	hassan	PROPN
gujaf-70	30	41	et	et	PROPN
gujaf-70	30	42	al	al	PROPN
gujaf-70	30	43	.	.	PROPN
gujaf-70	30	44	,	,	PUNCT
gujaf-70	30	45	(	(	PUNCT
gujaf-70	30	46	2013	2013	NUM
gujaf-70	30	47	)	)	PUNCT
gujaf-70	30	48	concluded	conclude	VERB
gujaf-70	30	49	that	that	SCONJ
gujaf-70	30	50	the	the	DET
gujaf-70	30	51	dividend	dividend	NOUN
gujaf-70	30	52	payout	payout	NOUN
gujaf-70	30	53	ratio	ratio	NOUN
gujaf-70	30	54	would	would	AUX
gujaf-70	30	55	increase	increase	VERB
gujaf-70	30	56	the	the	DET
gujaf-70	30	57	share	share	NOUN
gujaf-70	30	58	price	price	NOUN
gujaf-70	30	59	and	and	CCONJ
gujaf-70	30	60	boost	boost	VERB
gujaf-70	30	61	trust	trust	NOUN
gujaf-70	30	62	and	and	CCONJ
gujaf-70	30	63	confidence	confidence	NOUN
gujaf-70	30	64	of	of	ADP
gujaf-70	30	65	the	the	DET
gujaf-70	30	66	investors	investor	NOUN
gujaf-70	30	67	.	.	PUNCT
gujaf-70	31	1	on	on	ADP
gujaf-70	31	2	the	the	DET
gujaf-70	31	3	contrary	contrary	NOUN
gujaf-70	31	4	,	,	PUNCT
gujaf-70	31	5	balagobei	balagobei	NOUN
gujaf-70	31	6	and	and	CCONJ
gujaf-70	31	7	selvaratnam	selvaratnam	NOUN
gujaf-70	31	8	(	(	PUNCT
gujaf-70	31	9	2016	2016	NUM
gujaf-70	31	10	)	)	PUNCT
gujaf-70	31	11	and	and	CCONJ
gujaf-70	31	12	suwabe	suwabe	NOUN
gujaf-70	31	13	(	(	PUNCT
gujaf-70	31	14	2006	2006	NUM
gujaf-70	31	15	)	)	PUNCT
gujaf-70	31	16	concluded	conclude	VERB
gujaf-70	31	17	that	that	SCONJ
gujaf-70	31	18	the	the	DET
gujaf-70	31	19	dividend	dividend	NOUN
gujaf-70	31	20	payment	payment	NOUN
gujaf-70	31	21	ratio	ratio	NOUN
gujaf-70	31	22	could	could	AUX
gujaf-70	31	23	reduce	reduce	VERB
gujaf-70	31	24	the	the	DET
gujaf-70	31	25	stock	stock	NOUN
gujaf-70	31	26	price	price	NOUN
gujaf-70	31	27	.	.	PUNCT
gujaf-70	32	1	it	it	PRON
gujaf-70	32	2	is	be	AUX
gujaf-70	32	3	therefore	therefore	ADV
gujaf-70	32	4	essential	essential	ADJ
gujaf-70	32	5	to	to	PART
gujaf-70	32	6	have	have	VERB
gujaf-70	32	7	a	a	DET
gujaf-70	32	8	better	well	ADJ
gujaf-70	32	9	understanding	understanding	NOUN
gujaf-70	32	10	of	of	ADP
gujaf-70	32	11	how	how	SCONJ
gujaf-70	32	12	the	the	DET
gujaf-70	32	13	dividend	dividend	NOUN
gujaf-70	32	14	payout	payout	NOUN
gujaf-70	32	15	ratio	ratio	NOUN
gujaf-70	32	16	affects	affect	VERB
gujaf-70	32	17	the	the	DET
gujaf-70	32	18	market	market	NOUN
gujaf-70	32	19	price	price	NOUN
gujaf-70	32	20	of	of	ADP
gujaf-70	32	21	the	the	DET
gujaf-70	32	22	common	common	ADJ
gujaf-70	32	23	stock	stock	NOUN
gujaf-70	32	24	of	of	ADP
gujaf-70	32	25	listed	list	VERB
gujaf-70	32	26	industrialized	industrialize	VERB
gujaf-70	32	27	firms	firm	NOUN
gujaf-70	32	28	in	in	ADP
gujaf-70	32	29	nigeria	nigeria	PROPN
gujaf-70	32	30	since	since	SCONJ
gujaf-70	32	31	the	the	DET
gujaf-70	32	32	dividend	dividend	NOUN
gujaf-70	32	33	payout	payout	NOUN
gujaf-70	32	34	ratio	ratio	NOUN
gujaf-70	32	35	is	be	AUX
gujaf-70	32	36	crucial	crucial	ADJ
gujaf-70	32	37	to	to	ADP
gujaf-70	32	38	shareholders	shareholder	NOUN
gujaf-70	32	39	'	'	PART
gujaf-70	32	40	wealth	wealth	NOUN
gujaf-70	32	41	as	as	SCONJ
gujaf-70	32	42	it	it	PRON
gujaf-70	32	43	indicates	indicate	VERB
gujaf-70	32	44	how	how	SCONJ
gujaf-70	32	45	much	much	ADJ
gujaf-70	32	46	of	of	ADP
gujaf-70	32	47	the	the	DET
gujaf-70	32	48	company	company	NOUN
gujaf-70	32	49	's	's	PART
gujaf-70	32	50	profits	profit	NOUN
gujaf-70	32	51	are	be	AUX
gujaf-70	32	52	paid	pay	VERB
gujaf-70	32	53	back	back	ADV
gujaf-70	32	54	to	to	ADP
gujaf-70	32	55	shareholders	shareholder	NOUN
gujaf-70	32	56	(	(	PUNCT
gujaf-70	32	57	walsh	walsh	NOUN
gujaf-70	32	58	,	,	PUNCT
gujaf-70	32	59	2014	2014	NUM
gujaf-70	32	60	)	)	PUNCT
gujaf-70	32	61	.	.	PUNCT
gujaf-70	33	1	consequently	consequently	ADV
gujaf-70	33	2	,	,	PUNCT
gujaf-70	33	3	the	the	DET
gujaf-70	33	4	inconsistency	inconsistency	NOUN
gujaf-70	33	5	calls	call	VERB
gujaf-70	33	6	for	for	ADP
gujaf-70	33	7	more	more	ADJ
gujaf-70	33	8	investigation	investigation	NOUN
gujaf-70	33	9	of	of	ADP
gujaf-70	33	10	the	the	DET
gujaf-70	33	11	dividend	dividend	NOUN
gujaf-70	33	12	payout	payout	NOUN
gujaf-70	33	13	ratio	ratio	NOUN
gujaf-70	33	14	and	and	CCONJ
gujaf-70	33	15	the	the	DET
gujaf-70	33	16	common	common	ADJ
gujaf-70	33	17	stock	stock	NOUN
gujaf-70	33	18	market	market	NOUN
gujaf-70	33	19	price	price	NOUN
gujaf-70	33	20	.	.	PUNCT
gujaf-70	34	1	thus	thus	ADV
gujaf-70	34	2	,	,	PUNCT
gujaf-70	34	3	researchers	researcher	NOUN
gujaf-70	34	4	'	'	PART
gujaf-70	34	5	interest	interest	NOUN
gujaf-70	34	6	is	be	AUX
gujaf-70	34	7	to	to	PART
gujaf-70	34	8	answer	answer	VERB
gujaf-70	34	9	how	how	SCONJ
gujaf-70	34	10	the	the	DET
gujaf-70	34	11	decision	decision	NOUN
gujaf-70	34	12	on	on	ADP
gujaf-70	34	13	the	the	DET
gujaf-70	34	14	percentage	percentage	NOUN
gujaf-70	34	15	of	of	ADP
gujaf-70	34	16	after	after	ADP
gujaf-70	34	17	-	-	PUNCT
gujaf-70	34	18	tax	tax	NOUN
gujaf-70	34	19	profit	profit	NOUN
gujaf-70	34	20	paid	pay	VERB
gujaf-70	34	21	to	to	ADP
gujaf-70	34	22	shareholders	shareholder	NOUN
gujaf-70	34	23	as	as	ADP
gujaf-70	34	24	dividends	dividend	NOUN
gujaf-70	34	25	and	and	CCONJ
gujaf-70	34	26	the	the	DET
gujaf-70	34	27	percentage	percentage	NOUN
gujaf-70	34	28	of	of	ADP
gujaf-70	34	29	after	after	ADP
gujaf-70	34	30	-	-	PUNCT
gujaf-70	34	31	tax	tax	NOUN
gujaf-70	34	32	profit	profit	NOUN
gujaf-70	34	33	kept	keep	VERB
gujaf-70	34	34	as	as	ADP
gujaf-70	34	35	retained	retain	VERB
gujaf-70	34	36	earnings	earning	NOUN
gujaf-70	34	37	for	for	ADP
gujaf-70	34	38	further	further	ADJ
gujaf-70	34	39	growth	growth	NOUN
gujaf-70	34	40	and	and	CCONJ
gujaf-70	34	41	development	development	NOUN
gujaf-70	34	42	affects	affect	VERB
gujaf-70	34	43	the	the	DET
gujaf-70	34	44	market	market	NOUN
gujaf-70	34	45	price	price	NOUN
gujaf-70	34	46	of	of	ADP
gujaf-70	34	47	the	the	DET
gujaf-70	34	48	common	common	ADJ
gujaf-70	34	49	stock	stock	NOUN
gujaf-70	34	50	of	of	ADP
gujaf-70	34	51	listed	list	VERB
gujaf-70	34	52	industrialized	industrialize	VERB
gujaf-70	34	53	firms	firm	NOUN
gujaf-70	34	54	in	in	ADP
gujaf-70	34	55	nigeria	nigeria	PROPN
gujaf-70	34	56	.	.	PUNCT
gujaf-70	35	1	especially	especially	ADV
gujaf-70	35	2	in	in	ADP
gujaf-70	35	3	nigerian	nigerian	ADJ
gujaf-70	35	4	industrialized	industrialize	VERB
gujaf-70	35	5	firms	firm	NOUN
gujaf-70	35	6	whose	whose	DET
gujaf-70	35	7	gross	gross	ADJ
gujaf-70	35	8	domestic	domestic	ADJ
gujaf-70	35	9	product	product	NOUN
gujaf-70	35	10	(	(	PUNCT
gujaf-70	35	11	gdp	gdp	NOUN
gujaf-70	35	12	)	)	PUNCT
gujaf-70	35	13	is	be	AUX
gujaf-70	35	14	central	central	ADJ
gujaf-70	35	15	to	to	ADP
gujaf-70	35	16	the	the	DET
gujaf-70	35	17	growth	growth	NOUN
gujaf-70	35	18	of	of	ADP
gujaf-70	35	19	the	the	DET
gujaf-70	35	20	nation	nation	NOUN
gujaf-70	35	21	's	's	PART
gujaf-70	35	22	economy	economy	NOUN
gujaf-70	35	23	as	as	SCONJ
gujaf-70	35	24	it	it	PRON
gujaf-70	35	25	affects	affect	VERB
gujaf-70	35	26	industrialization	industrialization	NOUN
gujaf-70	35	27	,	,	PUNCT
gujaf-70	35	28	national	national	ADJ
gujaf-70	35	29	economic	economic	ADJ
gujaf-70	35	30	development	development	NOUN
gujaf-70	35	31	prospects	prospect	NOUN
gujaf-70	35	32	are	be	AUX
gujaf-70	35	33	focused	focus	VERB
gujaf-70	35	34	on	on	ADP
gujaf-70	35	35	the	the	DET
gujaf-70	35	36	entrepreneurial	entrepreneurial	ADJ
gujaf-70	35	37	energy	energy	NOUN
gujaf-70	35	38	of	of	ADP
gujaf-70	35	39	small	small	ADJ
gujaf-70	35	40	and	and	CCONJ
gujaf-70	35	41	medium	medium	ADJ
gujaf-70	35	42	-	-	PUNCT
gujaf-70	35	43	sized	sized	ADJ
gujaf-70	35	44	enterprises	enterprise	NOUN
gujaf-70	35	45	.	.	PUNCT
gujaf-70	36	1	this	this	DET
gujaf-70	36	2	study	study	NOUN
gujaf-70	36	3	deviates	deviate	VERB
gujaf-70	36	4	from	from	ADP
gujaf-70	36	5	the	the	DET
gujaf-70	36	6	previous	previous	ADJ
gujaf-70	36	7	work	work	NOUN
gujaf-70	36	8	because	because	SCONJ
gujaf-70	36	9	it	it	PRON
gujaf-70	36	10	focuses	focus	VERB
gujaf-70	36	11	on	on	ADP
gujaf-70	36	12	industrialized	industrialized	ADJ
gujaf-70	36	13	firms	firm	NOUN
gujaf-70	36	14	in	in	ADP
gujaf-70	36	15	nigeria	nigeria	PROPN
gujaf-70	36	16	and	and	CCONJ
gujaf-70	36	17	uses	use	VERB
gujaf-70	36	18	a	a	DET
gujaf-70	36	19	systematic	systematic	ADJ
gujaf-70	36	20	approach	approach	NOUN
gujaf-70	36	21	to	to	PART
gujaf-70	36	22	check	check	VERB
gujaf-70	36	23	the	the	DET
gujaf-70	36	24	quantitative	quantitative	ADJ
gujaf-70	36	25	data	datum	NOUN
gujaf-70	36	26	's	's	PART
gujaf-70	36	27	robustness	robustness	NOUN
gujaf-70	36	28	to	to	PART
gujaf-70	36	29	predict	predict	VERB
gujaf-70	36	30	the	the	DET
gujaf-70	36	31	two	two	NUM
gujaf-70	36	32	constructs	construct	NOUN
gujaf-70	36	33	'	'	PART
gujaf-70	36	34	approximate	approximate	ADJ
gujaf-70	36	35	causes	cause	NOUN
gujaf-70	36	36	and	and	CCONJ
gujaf-70	36	37	effects	effect	NOUN
gujaf-70	36	38	.	.	PUNCT
gujaf-70	37	1	in	in	ADP
gujaf-70	37	2	many	many	ADJ
gujaf-70	37	3	ways	way	NOUN
gujaf-70	37	4	,	,	PUNCT
gujaf-70	37	5	this	this	DET
gujaf-70	37	6	study	study	NOUN
gujaf-70	37	7	is	be	AUX
gujaf-70	37	8	of	of	ADP
gujaf-70	37	9	tremendous	tremendous	ADJ
gujaf-70	37	10	importance	importance	NOUN
gujaf-70	37	11	.	.	PUNCT
gujaf-70	38	1	first	first	ADV
gujaf-70	38	2	,	,	PUNCT
gujaf-70	38	3	it	it	PRON
gujaf-70	38	4	adds	add	VERB
gujaf-70	38	5	to	to	ADP
gujaf-70	38	6	the	the	DET
gujaf-70	38	7	current	current	ADJ
gujaf-70	38	8	literature	literature	NOUN
gujaf-70	38	9	on	on	ADP
gujaf-70	38	10	the	the	DET
gujaf-70	38	11	subject	subject	NOUN
gujaf-70	38	12	in	in	ADP
gujaf-70	38	13	nigeria	nigeria	PROPN
gujaf-70	38	14	.	.	PUNCT
gujaf-70	39	1	second	second	ADV
gujaf-70	39	2	,	,	PUNCT
gujaf-70	39	3	it	it	PRON
gujaf-70	39	4	allows	allow	VERB
gujaf-70	39	5	industrialized	industrialized	ADJ
gujaf-70	39	6	firms	firm	NOUN
gujaf-70	39	7	to	to	PART
gujaf-70	39	8	understand	understand	VERB
gujaf-70	39	9	the	the	DET
gujaf-70	39	10	need	need	NOUN
gujaf-70	39	11	to	to	PART
gujaf-70	39	12	pay	pay	VERB
gujaf-70	39	13	or	or	CCONJ
gujaf-70	39	14	increase	increase	VERB
gujaf-70	39	15	the	the	DET
gujaf-70	39	16	proportion	proportion	NOUN
gujaf-70	39	17	of	of	ADP
gujaf-70	39	18	after	after	ADP
gujaf-70	39	19	-	-	PUNCT
gujaf-70	39	20	tax	tax	NOUN
gujaf-70	39	21	profit	profit	NOUN
gujaf-70	39	22	to	to	PART
gujaf-70	39	23	boost	boost	VERB
gujaf-70	39	24	the	the	DET
gujaf-70	39	25	shareholders	shareholder	NOUN
gujaf-70	39	26	'	'	PART
gujaf-70	39	27	trust	trust	NOUN
gujaf-70	39	28	and	and	CCONJ
gujaf-70	39	29	confidence	confidence	NOUN
gujaf-70	39	30	.	.	PUNCT
gujaf-70	40	1	it	it	PRON
gujaf-70	40	2	provides	provide	VERB
gujaf-70	40	3	empirical	empirical	ADJ
gujaf-70	40	4	evidence	evidence	NOUN
gujaf-70	40	5	on	on	ADP
gujaf-70	40	6	the	the	DET
gujaf-70	40	7	subject	subject	NOUN
gujaf-70	40	8	matter	matter	NOUN
gujaf-70	40	9	.	.	PUNCT
gujaf-70	41	1	2.1	2.1	NUM
gujaf-70	41	2	empirical	empirical	ADJ
gujaf-70	41	3	review	review	NOUN
gujaf-70	41	4	and	and	CCONJ
gujaf-70	41	5	hypotheses	hypothese	VERB
gujaf-70	41	6	development	development	NOUN
gujaf-70	41	7	past	past	ADP
gujaf-70	41	8	studies	study	NOUN
gujaf-70	41	9	such	such	ADJ
gujaf-70	41	10	as	as	ADP
gujaf-70	41	11	chenchehene	chenchehene	PROPN
gujaf-70	41	12	and	and	CCONJ
gujaf-70	41	13	mensah	mensah	PROPN
gujaf-70	41	14	(	(	PUNCT
gujaf-70	41	15	2015	2015	NUM
gujaf-70	41	16	)	)	PUNCT
gujaf-70	41	17	,	,	PUNCT
gujaf-70	41	18	kapoor	kapoor	PROPN
gujaf-70	41	19	(	(	PUNCT
gujaf-70	41	20	2009	2009	NUM
gujaf-70	41	21	)	)	PUNCT
gujaf-70	41	22	and	and	CCONJ
gujaf-70	41	23	asquith	asquith	PROPN
gujaf-70	41	24	and	and	CCONJ
gujaf-70	41	25	mullins	mullins	PROPN
gujaf-70	41	26	(	(	PUNCT
gujaf-70	41	27	1983	1983	NUM
gujaf-70	41	28	)	)	PUNCT
gujaf-70	41	29	on	on	ADP
gujaf-70	41	30	the	the	DET
gujaf-70	41	31	dividend	dividend	NOUN
gujaf-70	41	32	payout	payout	NOUN
gujaf-70	41	33	ratio	ratio	NOUN
gujaf-70	41	34	and	and	CCONJ
gujaf-70	41	35	market	market	NOUN
gujaf-70	41	36	price	price	NOUN
gujaf-70	41	37	per	per	ADP
gujaf-70	41	38	share	share	NOUN
gujaf-70	41	39	have	have	AUX
gujaf-70	41	40	shown	show	VERB
gujaf-70	41	41	that	that	SCONJ
gujaf-70	41	42	dividend	dividend	NOUN
gujaf-70	41	43	policy	policy	NOUN
gujaf-70	41	44	can	can	AUX
gujaf-70	41	45	increase	increase	VERB
gujaf-70	41	46	or	or	CCONJ
gujaf-70	41	47	decrease	decrease	VERB
gujaf-70	41	48	the	the	DET
gujaf-70	41	49	market	market	NOUN
gujaf-70	41	50	price	price	NOUN
gujaf-70	41	51	per	per	ADP
gujaf-70	41	52	share	share	NOUN
gujaf-70	41	53	as	as	ADV
gujaf-70	41	54	well	well	ADV
gujaf-70	41	55	as	as	ADP
gujaf-70	41	56	the	the	DET
gujaf-70	41	57	valuation	valuation	NOUN
gujaf-70	41	58	of	of	ADP
gujaf-70	41	59	firms	firm	NOUN
gujaf-70	41	60	and	and	CCONJ
gujaf-70	41	61	thus	thus	ADV
gujaf-70	41	62	affect	affect	VERB
gujaf-70	41	63	the	the	DET
gujaf-70	41	64	wealth	wealth	NOUN
gujaf-70	41	65	of	of	ADP
gujaf-70	41	66	shareholders	shareholder	NOUN
gujaf-70	41	67	.	.	PUNCT
gujaf-70	42	1	ponsian	ponsian	PROPN
gujaf-70	42	2	et	et	PROPN
gujaf-70	42	3	al	al	PROPN
gujaf-70	42	4	.	.	PROPN
gujaf-70	42	5	,	,	PUNCT
gujaf-70	42	6	(	(	PUNCT
gujaf-70	42	7	2015	2015	NUM
gujaf-70	42	8	)	)	PUNCT
gujaf-70	42	9	and	and	CCONJ
gujaf-70	42	10	azhagaiah	azhagaiah	NOUN
gujaf-70	42	11	and	and	CCONJ
gujaf-70	42	12	sabaripriya	sabaripriya	PROPN
gujaf-70	42	13	(	(	PUNCT
gujaf-70	42	14	2008	2008	NUM
gujaf-70	42	15	)	)	PUNCT
gujaf-70	42	16	have	have	AUX
gujaf-70	42	17	tried	try	VERB
gujaf-70	42	18	to	to	PART
gujaf-70	42	19	clarify	clarify	VERB
gujaf-70	42	20	what	what	PRON
gujaf-70	42	21	is	be	AUX
gujaf-70	42	22	decided	decide	VERB
gujaf-70	42	23	by	by	ADP
gujaf-70	42	24	the	the	DET
gujaf-70	42	25	shareholder	shareholder	NOUN
gujaf-70	42	26	wealth	wealth	NOUN
gujaf-70	42	27	in	in	ADP
gujaf-70	42	28	corporate	corporate	ADJ
gujaf-70	42	29	finance	finance	NOUN
gujaf-70	42	30	with	with	ADP
gujaf-70	42	31	specific	specific	ADJ
gujaf-70	42	32	reference	reference	NOUN
gujaf-70	42	33	to	to	PART
gujaf-70	42	34	dividend	dividend	VERB
gujaf-70	42	35	payment	payment	NOUN
gujaf-70	42	36	decisions	decision	NOUN
gujaf-70	42	37	.	.	PUNCT
gujaf-70	43	1	these	these	DET
gujaf-70	43	2	studies	study	NOUN
gujaf-70	43	3	'	'	PART
gujaf-70	43	4	results	result	NOUN
gujaf-70	43	5	did	do	AUX
gujaf-70	43	6	not	not	PART
gujaf-70	43	7	provide	provide	VERB
gujaf-70	43	8	a	a	DET
gujaf-70	43	9	consistent	consistent	ADJ
gujaf-70	43	10	position	position	NOUN
gujaf-70	43	11	in	in	ADP
gujaf-70	43	12	the	the	DET
gujaf-70	43	13	literature	literature	NOUN
gujaf-70	43	14	on	on	ADP
gujaf-70	43	15	the	the	DET
gujaf-70	43	16	dividend	dividend	NOUN
gujaf-70	43	17	payment	payment	NOUN
gujaf-70	43	18	ratio	ratio	NOUN
gujaf-70	43	19	's	's	PART
gujaf-70	43	20	effect	effect	NOUN
gujaf-70	43	21	on	on	ADP
gujaf-70	43	22	the	the	DET
gujaf-70	43	23	stock	stock	NOUN
gujaf-70	43	24	price	price	NOUN
gujaf-70	43	25	per	per	ADP
gujaf-70	43	26	share	share	NOUN
gujaf-70	43	27	.	.	PUNCT
gujaf-70	44	1	balagobei	balagobei	NOUN
gujaf-70	44	2	and	and	CCONJ
gujaf-70	44	3	selvaratnam	selvaratnam	NOUN
gujaf-70	44	4	(	(	PUNCT
gujaf-70	44	5	2016	2016	NUM
gujaf-70	44	6	)	)	PUNCT
gujaf-70	44	7	and	and	CCONJ
gujaf-70	44	8	suwabe	suwabe	NOUN
gujaf-70	44	9	(	(	PUNCT
gujaf-70	44	10	2006	2006	NUM
gujaf-70	44	11	)	)	PUNCT
gujaf-70	44	12	found	find	VERB
gujaf-70	44	13	that	that	SCONJ
gujaf-70	44	14	the	the	DET
gujaf-70	44	15	dividend	dividend	NOUN
gujaf-70	44	16	payment	payment	NOUN
gujaf-70	44	17	ratio	ratio	NOUN
gujaf-70	44	18	had	have	VERB
gujaf-70	44	19	a	a	DET
gujaf-70	44	20	substantial	substantial	ADJ
gujaf-70	44	21	adverse	adverse	ADJ
gujaf-70	44	22	effect	effect	NOUN
gujaf-70	44	23	on	on	ADP
gujaf-70	44	24	the	the	DET
gujaf-70	44	25	stock	stock	NOUN
gujaf-70	44	26	price	price	NOUN
gujaf-70	44	27	per	per	ADP
gujaf-70	44	28	share	share	NOUN
gujaf-70	44	29	.	.	PUNCT
gujaf-70	45	1	studies	study	NOUN
gujaf-70	45	2	by	by	ADP
gujaf-70	45	3	gejalakshmi	gejalakshmi	NOUN
gujaf-70	45	4	and	and	CCONJ
gujaf-70	45	5	azhagaiah	azhagaiah	NOUN
gujaf-70	45	6	(	(	PUNCT
gujaf-70	45	7	2015	2015	NUM
gujaf-70	45	8	)	)	PUNCT
gujaf-70	45	9	;	;	PUNCT
gujaf-70	45	10	alim	alim	NOUN
gujaf-70	45	11	et	et	PROPN
gujaf-70	45	12	al	al	PROPN
gujaf-70	45	13	.	.	PROPN
gujaf-70	45	14	,	,	PUNCT
gujaf-70	45	15	(	(	PUNCT
gujaf-70	45	16	2014	2014	NUM
gujaf-70	45	17	)	)	PUNCT
gujaf-70	45	18	;	;	PUNCT
gujaf-70	45	19	hassan	hassan	PROPN
gujaf-70	45	20	et	et	PROPN
gujaf-70	45	21	al	al	PROPN
gujaf-70	45	22	.	.	PROPN
gujaf-70	45	23	,	,	PUNCT
gujaf-70	45	24	(	(	PUNCT
gujaf-70	45	25	2013	2013	NUM
gujaf-70	45	26	)	)	PUNCT
gujaf-70	45	27	have	have	VERB
gujaf-70	45	28	gusau	gusau	ADJ
gujaf-70	45	29	journal	journal	NOUN
gujaf-70	45	30	of	of	ADP
gujaf-70	45	31	accounting	accounting	NOUN
gujaf-70	45	32	and	and	CCONJ
gujaf-70	45	33	finance	finance	NOUN
gujaf-70	45	34	,	,	PUNCT
gujaf-70	45	35	vol	vol	NOUN
gujaf-70	45	36	.	.	PROPN
gujaf-70	45	37	2	2	NUM
gujaf-70	45	38	,	,	PUNCT
gujaf-70	45	39	issue	issue	NOUN
gujaf-70	45	40	2	2	NUM
gujaf-70	45	41	,	,	PUNCT
gujaf-70	45	42	april	april	PROPN
gujaf-70	45	43	,	,	PUNCT
gujaf-70	45	44	2021	2021	NUM
gujaf-70	45	45	4	4	NUM
gujaf-70	45	46	shown	show	VERB
gujaf-70	45	47	a	a	DET
gujaf-70	45	48	significant	significant	ADJ
gujaf-70	45	49	positive	positive	ADJ
gujaf-70	45	50	impact	impact	NOUN
gujaf-70	45	51	on	on	ADP
gujaf-70	45	52	the	the	DET
gujaf-70	45	53	dividend	dividend	NOUN
gujaf-70	45	54	payout	payout	NOUN
gujaf-70	45	55	ratio	ratio	NOUN
gujaf-70	45	56	and	and	CCONJ
gujaf-70	45	57	the	the	DET
gujaf-70	45	58	market	market	NOUN
gujaf-70	45	59	price	price	NOUN
gujaf-70	45	60	of	of	ADP
gujaf-70	45	61	common	common	ADJ
gujaf-70	45	62	shares	share	NOUN
gujaf-70	45	63	.	.	PUNCT
gujaf-70	46	1	however	however	ADV
gujaf-70	46	2	,	,	PUNCT
gujaf-70	46	3	chenchehene	chenchehene	PROPN
gujaf-70	46	4	and	and	CCONJ
gujaf-70	46	5	mensah	mensah	PROPN
gujaf-70	46	6	(	(	PUNCT
gujaf-70	46	7	2015	2015	NUM
gujaf-70	46	8	)	)	PUNCT
gujaf-70	46	9	;	;	PUNCT
gujaf-70	46	10	ali	ali	PROPN
gujaf-70	46	11	et	et	PROPN
gujaf-70	46	12	al	al	PROPN
gujaf-70	46	13	.	.	PROPN
gujaf-70	46	14	,	,	PUNCT
gujaf-70	46	15	(	(	PUNCT
gujaf-70	46	16	2008	2008	NUM
gujaf-70	46	17	)	)	PUNCT
gujaf-70	46	18	;	;	PUNCT
gujaf-70	46	19	akani	akani	NOUN
gujaf-70	46	20	and	and	CCONJ
gujaf-70	46	21	sweneme	sweneme	NOUN
gujaf-70	46	22	(	(	PUNCT
gujaf-70	46	23	2016	2016	NUM
gujaf-70	46	24	)	)	PUNCT
gujaf-70	46	25	found	find	VERB
gujaf-70	46	26	that	that	SCONJ
gujaf-70	46	27	the	the	DET
gujaf-70	46	28	dividend	dividend	NOUN
gujaf-70	46	29	payout	payout	NOUN
gujaf-70	46	30	ratio	ratio	NOUN
gujaf-70	46	31	and	and	CCONJ
gujaf-70	46	32	market	market	NOUN
gujaf-70	46	33	price	price	NOUN
gujaf-70	46	34	per	per	ADP
gujaf-70	46	35	share	share	NOUN
gujaf-70	46	36	had	have	VERB
gujaf-70	46	37	an	an	DET
gujaf-70	46	38	insignificant	insignificant	ADJ
gujaf-70	46	39	impact	impact	NOUN
gujaf-70	46	40	.	.	PUNCT
gujaf-70	47	1	as	as	ADP
gujaf-70	47	2	a	a	DET
gujaf-70	47	3	result	result	NOUN
gujaf-70	47	4	,	,	PUNCT
gujaf-70	47	5	the	the	DET
gujaf-70	47	6	real	real	ADJ
gujaf-70	47	7	(	(	PUNCT
gujaf-70	47	8	positive	positive	ADJ
gujaf-70	47	9	or	or	CCONJ
gujaf-70	47	10	negative	negative	ADJ
gujaf-70	47	11	)	)	PUNCT
gujaf-70	47	12	effect	effect	NOUN
gujaf-70	47	13	of	of	ADP
gujaf-70	47	14	the	the	DET
gujaf-70	47	15	dividend	dividend	NOUN
gujaf-70	47	16	distribution	distribution	NOUN
gujaf-70	47	17	ratio	ratio	NOUN
gujaf-70	47	18	on	on	ADP
gujaf-70	47	19	companies	company	NOUN
gujaf-70	47	20	'	'	PART
gujaf-70	47	21	share	share	NOUN
gujaf-70	47	22	price	price	NOUN
gujaf-70	47	23	lacks	lack	VERB
gujaf-70	47	24	a	a	DET
gujaf-70	47	25	general	general	ADJ
gujaf-70	47	26	conduct	conduct	NOUN
gujaf-70	47	27	pattern	pattern	NOUN
gujaf-70	47	28	under	under	ADP
gujaf-70	47	29	various	various	ADJ
gujaf-70	47	30	research	research	NOUN
gujaf-70	47	31	and	and	CCONJ
gujaf-70	47	32	socio	socio	NOUN
gujaf-70	47	33	-	-	PUNCT
gujaf-70	47	34	economic	economic	ADJ
gujaf-70	47	35	circumstances	circumstance	NOUN
gujaf-70	47	36	.	.	PUNCT
gujaf-70	48	1	the	the	DET
gujaf-70	48	2	results	result	NOUN
gujaf-70	48	3	of	of	ADP
gujaf-70	48	4	ozuomba	ozuomba	NOUN
gujaf-70	48	5	et	et	PROPN
gujaf-70	48	6	al	al	PROPN
gujaf-70	48	7	.	.	PROPN
gujaf-70	48	8	,	,	PUNCT
gujaf-70	48	9	(	(	PUNCT
gujaf-70	48	10	2016	2016	NUM
gujaf-70	48	11	)	)	PUNCT
gujaf-70	48	12	;	;	PUNCT
gujaf-70	48	13	ojeme	ojeme	NOUN
gujaf-70	48	14	et	et	PROPN
gujaf-70	48	15	al	al	PROPN
gujaf-70	48	16	.	.	PROPN
gujaf-70	48	17	,	,	PUNCT
gujaf-70	48	18	(	(	PUNCT
gujaf-70	48	19	2015	2015	NUM
gujaf-70	48	20	)	)	PUNCT
gujaf-70	48	21	show	show	VERB
gujaf-70	48	22	that	that	SCONJ
gujaf-70	48	23	dividend	dividend	NOUN
gujaf-70	48	24	payments	payment	NOUN
gujaf-70	48	25	affect	affect	VERB
gujaf-70	48	26	shareholders	shareholder	NOUN
gujaf-70	48	27	'	'	PART
gujaf-70	48	28	income	income	NOUN
gujaf-70	48	29	.	.	PUNCT
gujaf-70	49	1	sunmola	sunmola	PROPN
gujaf-70	49	2	and	and	CCONJ
gujaf-70	49	3	emmanuel	emmanuel	PROPN
gujaf-70	49	4	's	's	PART
gujaf-70	49	5	(	(	PUNCT
gujaf-70	49	6	2016	2016	NUM
gujaf-70	49	7	)	)	PUNCT
gujaf-70	49	8	findings	finding	NOUN
gujaf-70	49	9	prove	prove	VERB
gujaf-70	49	10	an	an	DET
gujaf-70	49	11	insignificant	insignificant	ADJ
gujaf-70	49	12	positive	positive	ADJ
gujaf-70	49	13	relationship	relationship	NOUN
gujaf-70	49	14	between	between	ADP
gujaf-70	49	15	the	the	DET
gujaf-70	49	16	dividend	dividend	NOUN
gujaf-70	49	17	payout	payout	NOUN
gujaf-70	49	18	ratio	ratio	NOUN
gujaf-70	49	19	's	's	PART
gujaf-70	49	20	stock	stock	NOUN
gujaf-70	49	21	price	price	NOUN
gujaf-70	49	22	per	per	ADP
gujaf-70	49	23	share	share	NOUN
gujaf-70	49	24	.	.	PUNCT
gujaf-70	50	1	whereas	whereas	SCONJ
gujaf-70	50	2	oliver	oliver	PROPN
gujaf-70	50	3	et	et	PROPN
gujaf-70	50	4	al	al	PROPN
gujaf-70	50	5	.	.	PROPN
gujaf-70	50	6	,	,	PUNCT
gujaf-70	50	7	(	(	PUNCT
gujaf-70	50	8	2016	2016	NUM
gujaf-70	50	9	)	)	PUNCT
gujaf-70	50	10	have	have	AUX
gujaf-70	50	11	shown	show	VERB
gujaf-70	50	12	that	that	SCONJ
gujaf-70	50	13	the	the	DET
gujaf-70	50	14	dividend	dividend	NOUN
gujaf-70	50	15	payout	payout	NOUN
gujaf-70	50	16	ratio	ratio	NOUN
gujaf-70	50	17	is	be	AUX
gujaf-70	50	18	essential	essential	ADJ
gujaf-70	50	19	and	and	CCONJ
gujaf-70	50	20	positively	positively	ADV
gujaf-70	50	21	linked	link	VERB
gujaf-70	50	22	to	to	ADP
gujaf-70	50	23	the	the	DET
gujaf-70	50	24	share	share	NOUN
gujaf-70	50	25	price	price	NOUN
gujaf-70	50	26	.	.	PUNCT
gujaf-70	51	1	the	the	DET
gujaf-70	51	2	purpose	purpose	NOUN
gujaf-70	51	3	of	of	ADP
gujaf-70	51	4	this	this	DET
gujaf-70	51	5	research	research	NOUN
gujaf-70	51	6	is	be	AUX
gujaf-70	51	7	to	to	PART
gujaf-70	51	8	empirically	empirically	ADV
gujaf-70	51	9	analyze	analyze	VERB
gujaf-70	51	10	the	the	DET
gujaf-70	51	11	relationship	relationship	NOUN
gujaf-70	51	12	between	between	ADP
gujaf-70	51	13	the	the	DET
gujaf-70	51	14	payout	payout	ADJ
gujaf-70	51	15	ratio	ratio	NOUN
gujaf-70	51	16	of	of	ADP
gujaf-70	51	17	dividends	dividend	NOUN
gujaf-70	51	18	and	and	CCONJ
gujaf-70	51	19	the	the	DET
gujaf-70	51	20	market	market	NOUN
gujaf-70	51	21	price	price	NOUN
gujaf-70	51	22	of	of	ADP
gujaf-70	51	23	the	the	DET
gujaf-70	51	24	common	common	ADJ
gujaf-70	51	25	stock	stock	NOUN
gujaf-70	51	26	of	of	ADP
gujaf-70	51	27	listed	list	VERB
gujaf-70	51	28	industrial	industrial	ADJ
gujaf-70	51	29	companies	company	NOUN
gujaf-70	51	30	in	in	ADP
gujaf-70	51	31	nigeria	nigeria	PROPN
gujaf-70	51	32	.	.	PUNCT
gujaf-70	52	1	this	this	DET
gujaf-70	52	2	research	research	NOUN
gujaf-70	52	3	study	study	NOUN
gujaf-70	52	4	investigates	investigate	VERB
gujaf-70	52	5	the	the	DET
gujaf-70	52	6	impact	impact	NOUN
gujaf-70	52	7	of	of	ADP
gujaf-70	52	8	the	the	DET
gujaf-70	52	9	dividend	dividend	NOUN
gujaf-70	52	10	payout	payout	NOUN
gujaf-70	52	11	ratio	ratio	NOUN
gujaf-70	52	12	on	on	ADP
gujaf-70	52	13	the	the	DET
gujaf-70	52	14	market	market	NOUN
gujaf-70	52	15	price	price	NOUN
gujaf-70	52	16	of	of	ADP
gujaf-70	52	17	listed	list	VERB
gujaf-70	52	18	industrial	industrial	ADJ
gujaf-70	52	19	companies	company	NOUN
gujaf-70	52	20	'	'	PART
gujaf-70	52	21	common	common	ADJ
gujaf-70	52	22	stock	stock	NOUN
gujaf-70	52	23	in	in	ADP
gujaf-70	52	24	nigeria	nigeria	PROPN
gujaf-70	52	25	.	.	PUNCT
gujaf-70	53	1	this	this	DET
gujaf-70	53	2	study	study	NOUN
gujaf-70	53	3	differs	differ	VERB
gujaf-70	53	4	primarily	primarily	ADV
gujaf-70	53	5	from	from	ADP
gujaf-70	53	6	the	the	DET
gujaf-70	53	7	previous	previous	ADJ
gujaf-70	53	8	study	study	NOUN
gujaf-70	53	9	on	on	ADP
gujaf-70	53	10	the	the	DET
gujaf-70	53	11	stock	stock	NOUN
gujaf-70	53	12	price	price	NOUN
gujaf-70	53	13	per	per	ADP
gujaf-70	53	14	share	share	NOUN
gujaf-70	53	15	dividend	dividend	NOUN
gujaf-70	53	16	payout	payout	NOUN
gujaf-70	53	17	ratio	ratio	NOUN
gujaf-70	53	18	in	in	ADP
gujaf-70	53	19	that	that	PRON
gujaf-70	53	20	most	most	ADJ
gujaf-70	53	21	of	of	ADP
gujaf-70	53	22	the	the	DET
gujaf-70	53	23	studies	study	NOUN
gujaf-70	53	24	on	on	ADP
gujaf-70	53	25	the	the	DET
gujaf-70	53	26	subject	subject	NOUN
gujaf-70	53	27	are	be	AUX
gujaf-70	53	28	not	not	PART
gujaf-70	53	29	domesticated	domesticate	VERB
gujaf-70	53	30	,	,	PUNCT
gujaf-70	53	31	and	and	CCONJ
gujaf-70	53	32	those	those	PRON
gujaf-70	53	33	domesticated	domesticate	VERB
gujaf-70	53	34	do	do	AUX
gujaf-70	53	35	not	not	PART
gujaf-70	53	36	include	include	VERB
gujaf-70	53	37	the	the	DET
gujaf-70	53	38	manufacturing	manufacture	VERB
gujaf-70	53	39	sectors	sector	NOUN
gujaf-70	53	40	of	of	ADP
gujaf-70	53	41	the	the	DET
gujaf-70	53	42	economy	economy	NOUN
gujaf-70	53	43	.	.	PUNCT
gujaf-70	54	1	again	again	ADV
gujaf-70	54	2	,	,	PUNCT
gujaf-70	54	3	it	it	PRON
gujaf-70	54	4	is	be	AUX
gujaf-70	54	5	worth	worth	ADJ
gujaf-70	54	6	remembering	remember	VERB
gujaf-70	54	7	the	the	DET
gujaf-70	54	8	lack	lack	NOUN
gujaf-70	54	9	of	of	ADP
gujaf-70	54	10	consensus	consensus	NOUN
gujaf-70	54	11	on	on	ADP
gujaf-70	54	12	the	the	DET
gujaf-70	54	13	effect	effect	NOUN
gujaf-70	54	14	of	of	ADP
gujaf-70	54	15	the	the	DET
gujaf-70	54	16	dividend	dividend	NOUN
gujaf-70	54	17	payout	payout	NOUN
gujaf-70	54	18	ratio	ratio	NOUN
gujaf-70	54	19	on	on	ADP
gujaf-70	54	20	companies	company	NOUN
gujaf-70	54	21	'	'	PART
gujaf-70	54	22	stock	stock	NOUN
gujaf-70	54	23	price	price	NOUN
gujaf-70	54	24	per	per	ADP
gujaf-70	54	25	share	share	NOUN
gujaf-70	54	26	in	in	ADP
gujaf-70	54	27	both	both	CCONJ
gujaf-70	54	28	developed	develop	VERB
gujaf-70	54	29	and	and	CCONJ
gujaf-70	54	30	emerging	emerge	VERB
gujaf-70	54	31	markets	market	NOUN
gujaf-70	54	32	.	.	PUNCT
gujaf-70	55	1	therefore	therefore	ADV
gujaf-70	55	2	,	,	PUNCT
gujaf-70	55	3	the	the	DET
gujaf-70	55	4	justification	justification	NOUN
gujaf-70	55	5	for	for	ADP
gujaf-70	55	6	ongoing	ongoing	ADJ
gujaf-70	55	7	and	and	CCONJ
gujaf-70	55	8	in	in	ADP
gujaf-70	55	9	-	-	PUNCT
gujaf-70	55	10	depth	depth	NOUN
gujaf-70	55	11	studies	study	NOUN
gujaf-70	55	12	is	be	AUX
gujaf-70	55	13	to	to	PART
gujaf-70	55	14	obtain	obtain	VERB
gujaf-70	55	15	a	a	DET
gujaf-70	55	16	comprehensive	comprehensive	ADJ
gujaf-70	55	17	theoretical	theoretical	ADJ
gujaf-70	55	18	and	and	CCONJ
gujaf-70	55	19	empirical	empirical	ADJ
gujaf-70	55	20	study	study	NOUN
gujaf-70	55	21	of	of	ADP
gujaf-70	55	22	the	the	DET
gujaf-70	55	23	subject	subject	NOUN
gujaf-70	55	24	matter	matter	NOUN
gujaf-70	55	25	.	.	PUNCT
gujaf-70	56	1	a	a	DET
gujaf-70	56	2	systematic	systematic	ADJ
gujaf-70	56	3	statistical	statistical	ADJ
gujaf-70	56	4	methodology	methodology	NOUN
gujaf-70	56	5	may	may	AUX
gujaf-70	56	6	,	,	PUNCT
gujaf-70	56	7	therefore	therefore	ADV
gujaf-70	56	8	,	,	PUNCT
gujaf-70	56	9	provide	provide	VERB
gujaf-70	56	10	a	a	DET
gujaf-70	56	11	well	well	ADV
gujaf-70	56	12	-	-	PUNCT
gujaf-70	56	13	detailed	detail	VERB
gujaf-70	56	14	and	and	CCONJ
gujaf-70	56	15	robust	robust	ADJ
gujaf-70	56	16	result	result	NOUN
gujaf-70	56	17	for	for	ADP
gujaf-70	56	18	this	this	DET
gujaf-70	56	19	analysis	analysis	NOUN
gujaf-70	56	20	.	.	PUNCT
gujaf-70	57	1	this	this	DET
gujaf-70	57	2	analysis	analysis	NOUN
gujaf-70	57	3	,	,	PUNCT
gujaf-70	57	4	therefore	therefore	ADV
gujaf-70	57	5	,	,	PUNCT
gujaf-70	57	6	offers	offer	VERB
gujaf-70	57	7	the	the	DET
gujaf-70	57	8	answer	answer	NOUN
gujaf-70	57	9	to	to	ADP
gujaf-70	57	10	the	the	DET
gujaf-70	57	11	following	following	ADJ
gujaf-70	57	12	null	null	ADJ
gujaf-70	57	13	hypothesis	hypothesis	NOUN
gujaf-70	57	14	:	:	PUNCT
gujaf-70	57	15	ho	ho	ADJ
gujaf-70	57	16	determinants	determinant	NOUN
gujaf-70	57	17	of	of	ADP
gujaf-70	57	18	share	share	NOUN
gujaf-70	57	19	price	price	NOUN
gujaf-70	57	20	have	have	VERB
gujaf-70	57	21	no	no	DET
gujaf-70	57	22	significant	significant	ADJ
gujaf-70	57	23	impact	impact	NOUN
gujaf-70	57	24	on	on	ADP
gujaf-70	57	25	the	the	DET
gujaf-70	57	26	market	market	NOUN
gujaf-70	57	27	price	price	NOUN
gujaf-70	57	28	of	of	ADP
gujaf-70	57	29	common	common	ADJ
gujaf-70	57	30	stocks	stock	NOUN
gujaf-70	57	31	of	of	ADP
gujaf-70	57	32	listed	list	VERB
gujaf-70	57	33	industrialized	industrialize	VERB
gujaf-70	57	34	firms	firm	NOUN
gujaf-70	57	35	in	in	ADP
gujaf-70	57	36	nigeria	nigeria	PROPN
gujaf-70	57	37	isa	isa	PROPN
gujaf-70	57	38	and	and	CCONJ
gujaf-70	57	39	salawudeen	salawudeen	PROPN
gujaf-70	57	40	(	(	PUNCT
gujaf-70	57	41	2019	2019	NUM
gujaf-70	57	42	)	)	PUNCT
gujaf-70	57	43	checked	check	VERB
gujaf-70	57	44	the	the	DET
gujaf-70	57	45	relationship	relationship	NOUN
gujaf-70	57	46	between	between	ADP
gujaf-70	57	47	the	the	DET
gujaf-70	57	48	market	market	NOUN
gujaf-70	57	49	price	price	NOUN
gujaf-70	57	50	per	per	ADP
gujaf-70	57	51	share	share	NOUN
gujaf-70	57	52	dividend	dividend	NOUN
gujaf-70	57	53	payout	payout	NOUN
gujaf-70	57	54	ratio	ratio	NOUN
gujaf-70	57	55	in	in	ADP
gujaf-70	57	56	nigeria	nigeria	PROPN
gujaf-70	57	57	using	use	VERB
gujaf-70	57	58	sixty	sixty	NUM
gujaf-70	57	59	-	-	PUNCT
gujaf-70	57	60	three	three	NUM
gujaf-70	57	61	manufacturing	manufacture	VERB
gujaf-70	57	62	companies	company	NOUN
gujaf-70	57	63	whose	whose	DET
gujaf-70	57	64	shares	share	NOUN
gujaf-70	57	65	are	be	AUX
gujaf-70	57	66	listed	list	VERB
gujaf-70	57	67	on	on	ADP
gujaf-70	57	68	the	the	DET
gujaf-70	57	69	nigerian	nigerian	ADJ
gujaf-70	57	70	stock	stock	NOUN
gujaf-70	57	71	exchange	exchange	NOUN
gujaf-70	57	72	between	between	ADP
gujaf-70	57	73	2008	2008	NUM
gujaf-70	57	74	and	and	CCONJ
gujaf-70	57	75	2018	2018	NUM
gujaf-70	57	76	.	.	PUNCT
gujaf-70	58	1	some	some	DET
gujaf-70	58	2	filters	filter	NOUN
gujaf-70	58	3	were	be	AUX
gujaf-70	58	4	used	use	VERB
gujaf-70	58	5	to	to	PART
gujaf-70	58	6	select	select	VERB
gujaf-70	58	7	fifty	fifty	NUM
gujaf-70	58	8	-	-	PUNCT
gujaf-70	58	9	one	one	NUM
gujaf-70	58	10	companies	company	NOUN
gujaf-70	58	11	as	as	ADP
gujaf-70	58	12	sample	sample	NOUN
gujaf-70	58	13	size	size	NOUN
gujaf-70	58	14	—	—	PUNCT
gujaf-70	58	15	the	the	DET
gujaf-70	58	16	annual	annual	ADJ
gujaf-70	58	17	data	datum	NOUN
gujaf-70	58	18	from	from	ADP
gujaf-70	58	19	sample	sample	NOUN
gujaf-70	58	20	business	business	NOUN
gujaf-70	58	21	reports	report	NOUN
gujaf-70	58	22	and	and	CCONJ
gujaf-70	58	23	accounts	account	VERB
gujaf-70	58	24	for	for	ADP
gujaf-70	58	25	eleven	eleven	NUM
gujaf-70	58	26	years	year	NOUN
gujaf-70	58	27	,	,	PUNCT
gujaf-70	58	28	from	from	ADP
gujaf-70	58	29	2008	2008	NUM
gujaf-70	58	30	to	to	ADP
gujaf-70	58	31	2018	2018	NUM
gujaf-70	58	32	.	.	PUNCT
gujaf-70	59	1	path	path	NOUN
gujaf-70	59	2	analysis	analysis	NOUN
gujaf-70	59	3	is	be	AUX
gujaf-70	59	4	used	use	VERB
gujaf-70	59	5	to	to	PART
gujaf-70	59	6	measure	measure	VERB
gujaf-70	59	7	the	the	DET
gujaf-70	59	8	dividend	dividend	NOUN
gujaf-70	59	9	payment	payment	NOUN
gujaf-70	59	10	ratio	ratio	NOUN
gujaf-70	59	11	's	's	PART
gujaf-70	59	12	effect	effect	NOUN
gujaf-70	59	13	on	on	ADP
gujaf-70	59	14	the	the	DET
gujaf-70	59	15	stock	stock	NOUN
gujaf-70	59	16	price	price	NOUN
gujaf-70	59	17	per	per	ADP
gujaf-70	59	18	share	share	NOUN
gujaf-70	59	19	.	.	PUNCT
gujaf-70	60	1	the	the	DET
gujaf-70	60	2	dividend	dividend	NOUN
gujaf-70	60	3	payout	payout	NOUN
gujaf-70	60	4	ratio	ratio	NOUN
gujaf-70	60	5	significantly	significantly	ADV
gujaf-70	60	6	impacted	impact	VERB
gujaf-70	60	7	the	the	DET
gujaf-70	60	8	shareholder	shareholder	NOUN
gujaf-70	60	9	stock	stock	NOUN
gujaf-70	60	10	price	price	NOUN
gujaf-70	60	11	per	per	ADP
gujaf-70	60	12	share	share	NOUN
gujaf-70	60	13	at	at	ADP
gujaf-70	60	14	a	a	DET
gujaf-70	60	15	1	1	NUM
gujaf-70	60	16	%	%	NOUN
gujaf-70	60	17	level	level	NOUN
gujaf-70	60	18	of	of	ADP
gujaf-70	60	19	relevance	relevance	NOUN
gujaf-70	60	20	.	.	PUNCT
gujaf-70	61	1	similarly	similarly	ADV
gujaf-70	61	2	,	,	PUNCT
gujaf-70	61	3	gejalakshmi	gejalakshmi	NOUN
gujaf-70	61	4	and	and	CCONJ
gujaf-70	61	5	azhagaiah	azhagaiah	NOUN
gujaf-70	61	6	(	(	PUNCT
gujaf-70	61	7	2015	2015	NUM
gujaf-70	61	8	)	)	PUNCT
gujaf-70	61	9	analyzed	analyze	VERB
gujaf-70	61	10	the	the	DET
gujaf-70	61	11	relationship	relationship	NOUN
gujaf-70	61	12	between	between	ADP
gujaf-70	61	13	dividend	dividend	NOUN
gujaf-70	61	14	payout	payout	NOUN
gujaf-70	61	15	ratio	ratio	NOUN
gujaf-70	61	16	and	and	CCONJ
gujaf-70	61	17	market	market	NOUN
gujaf-70	61	18	price	price	NOUN
gujaf-70	61	19	per	per	ADP
gujaf-70	61	20	share	share	NOUN
gujaf-70	61	21	of	of	ADP
gujaf-70	61	22	india	india	PROPN
gujaf-70	61	23	's	's	PART
gujaf-70	61	24	firms	firm	NOUN
gujaf-70	61	25	.	.	PUNCT
gujaf-70	62	1	the	the	DET
gujaf-70	62	2	analysis	analysis	NOUN
gujaf-70	62	3	used	use	VERB
gujaf-70	62	4	a	a	DET
gujaf-70	62	5	sample	sample	NOUN
gujaf-70	62	6	of	of	ADP
gujaf-70	62	7	13	13	NUM
gujaf-70	62	8	companies	company	NOUN
gujaf-70	62	9	listed	list	VERB
gujaf-70	62	10	on	on	ADP
gujaf-70	62	11	the	the	DET
gujaf-70	62	12	indian	indian	ADJ
gujaf-70	62	13	stock	stock	NOUN
gujaf-70	62	14	exchange	exchange	PROPN
gujaf-70	62	15	.	.	PUNCT
gujaf-70	63	1	data	datum	NOUN
gujaf-70	63	2	compiled	compile	VERB
gujaf-70	63	3	from	from	ADP
gujaf-70	63	4	the	the	DET
gujaf-70	63	5	annual	annual	ADJ
gujaf-70	63	6	report	report	NOUN
gujaf-70	63	7	for	for	ADP
gujaf-70	63	8	a	a	DET
gujaf-70	63	9	period	period	NOUN
gujaf-70	63	10	of	of	ADP
gujaf-70	63	11	time	time	NOUN
gujaf-70	63	12	.	.	PUNCT
gujaf-70	64	1	pooled	pool	VERB
gujaf-70	64	2	regression	regression	NOUN
gujaf-70	64	3	methods	method	NOUN
gujaf-70	64	4	were	be	AUX
gujaf-70	64	5	used	use	VERB
gujaf-70	64	6	to	to	PART
gujaf-70	64	7	analyze	analyze	VERB
gujaf-70	64	8	the	the	DET
gujaf-70	64	9	effect	effect	NOUN
gujaf-70	64	10	of	of	ADP
gujaf-70	64	11	dividend	dividend	NOUN
gujaf-70	64	12	payments	payment	NOUN
gujaf-70	64	13	on	on	ADP
gujaf-70	64	14	the	the	DET
gujaf-70	64	15	stock	stock	NOUN
gujaf-70	64	16	price	price	NOUN
gujaf-70	64	17	per	per	ADP
gujaf-70	64	18	share	share	NOUN
gujaf-70	64	19	.	.	PUNCT
gujaf-70	65	1	as	as	ADP
gujaf-70	65	2	a	a	DET
gujaf-70	65	3	result	result	NOUN
gujaf-70	65	4	,	,	PUNCT
gujaf-70	65	5	substantial	substantial	ADJ
gujaf-70	65	6	positive	positive	ADJ
gujaf-70	65	7	evidence	evidence	NOUN
gujaf-70	65	8	for	for	ADP
gujaf-70	65	9	the	the	DET
gujaf-70	65	10	dividend	dividend	NOUN
gujaf-70	65	11	policy	policy	NOUN
gujaf-70	65	12	impacts	impact	VERB
gujaf-70	65	13	the	the	DET
gujaf-70	65	14	stock	stock	NOUN
gujaf-70	65	15	price	price	NOUN
gujaf-70	65	16	per	per	ADP
gujaf-70	65	17	share	share	NOUN
gujaf-70	65	18	.	.	PUNCT
gujaf-70	66	1	likewise	likewise	ADV
gujaf-70	66	2	,	,	PUNCT
gujaf-70	66	3	ponsian	ponsian	PROPN
gujaf-70	66	4	et	et	PROPN
gujaf-70	66	5	al	al	PROPN
gujaf-70	66	6	.	.	PROPN
gujaf-70	66	7	,	,	PUNCT
gujaf-70	66	8	(	(	PUNCT
gujaf-70	66	9	2015	2015	NUM
gujaf-70	66	10	)	)	PUNCT
gujaf-70	66	11	investigate	investigate	VERB
gujaf-70	66	12	the	the	DET
gujaf-70	66	13	relationship	relationship	NOUN
gujaf-70	66	14	between	between	ADP
gujaf-70	66	15	the	the	DET
gujaf-70	66	16	stock	stock	NOUN
gujaf-70	66	17	price	price	NOUN
gujaf-70	66	18	per	per	ADP
gujaf-70	66	19	share	share	NOUN
gujaf-70	66	20	of	of	ADP
gujaf-70	66	21	tanzania	tanzania	PROPN
gujaf-70	66	22	's	's	PART
gujaf-70	66	23	dividend	dividend	NOUN
gujaf-70	66	24	payout	payout	NOUN
gujaf-70	66	25	ratio	ratio	NOUN
gujaf-70	66	26	.	.	PUNCT
gujaf-70	67	1	the	the	DET
gujaf-70	67	2	analysis	analysis	NOUN
gujaf-70	67	3	used	use	VERB
gujaf-70	67	4	a	a	DET
gujaf-70	67	5	sample	sample	NOUN
gujaf-70	67	6	of	of	ADP
gujaf-70	67	7	13	13	NUM
gujaf-70	67	8	companies	company	NOUN
gujaf-70	67	9	listed	list	VERB
gujaf-70	67	10	on	on	ADP
gujaf-70	67	11	the	the	DET
gujaf-70	67	12	karachi	karachi	PROPN
gujaf-70	67	13	stock	stock	PROPN
gujaf-70	67	14	exchange	exchange	PROPN
gujaf-70	67	15	.	.	PUNCT
gujaf-70	68	1	data	datum	NOUN
gujaf-70	68	2	compiled	compile	VERB
gujaf-70	68	3	from	from	ADP
gujaf-70	68	4	the	the	DET
gujaf-70	68	5	annual	annual	ADJ
gujaf-70	68	6	report	report	NOUN
gujaf-70	68	7	for	for	ADP
gujaf-70	68	8	the	the	DET
gujaf-70	68	9	five	five	NUM
gujaf-70	68	10	years	year	NOUN
gujaf-70	68	11	from	from	ADP
gujaf-70	68	12	2007	2007	NUM
gujaf-70	68	13	to	to	ADP
gujaf-70	68	14	2011	2011	NUM
gujaf-70	68	15	.	.	PUNCT
gujaf-70	69	1	the	the	DET
gujaf-70	69	2	ols	ols	PROPN
gujaf-70	69	3	calculation	calculation	NOUN
gujaf-70	69	4	methods	method	NOUN
gujaf-70	69	5	were	be	AUX
gujaf-70	69	6	used	use	VERB
gujaf-70	69	7	to	to	PART
gujaf-70	69	8	evaluate	evaluate	VERB
gujaf-70	69	9	the	the	DET
gujaf-70	69	10	dividend	dividend	NOUN
gujaf-70	69	11	payout	payout	NOUN
gujaf-70	69	12	ratio	ratio	NOUN
gujaf-70	69	13	's	's	PART
gujaf-70	69	14	effect	effect	NOUN
gujaf-70	69	15	on	on	ADP
gujaf-70	69	16	the	the	DET
gujaf-70	69	17	stock	stock	NOUN
gujaf-70	69	18	price	price	NOUN
gujaf-70	69	19	per	per	ADP
gujaf-70	69	20	share	share	NOUN
gujaf-70	69	21	.	.	PUNCT
gujaf-70	70	1	as	as	ADP
gujaf-70	70	2	a	a	DET
gujaf-70	70	3	result	result	NOUN
gujaf-70	70	4	,	,	PUNCT
gujaf-70	70	5	substantial	substantial	ADJ
gujaf-70	70	6	positive	positive	ADJ
gujaf-70	70	7	evidence	evidence	NOUN
gujaf-70	70	8	for	for	ADP
gujaf-70	70	9	the	the	DET
gujaf-70	70	10	dividend	dividend	NOUN
gujaf-70	70	11	payout	payout	NOUN
gujaf-70	70	12	ratio	ratio	NOUN
gujaf-70	70	13	impacts	impact	VERB
gujaf-70	70	14	the	the	DET
gujaf-70	70	15	stock	stock	NOUN
gujaf-70	70	16	price	price	NOUN
gujaf-70	70	17	per	per	ADP
gujaf-70	70	18	share	share	NOUN
gujaf-70	70	19	.	.	PUNCT
gujaf-70	71	1	again	again	ADV
gujaf-70	71	2	,	,	PUNCT
gujaf-70	71	3	sharif	sharif	PROPN
gujaf-70	71	4	,	,	PUNCT
gujaf-70	71	5	ali	ali	PROPN
gujaf-70	71	6	,	,	PUNCT
gujaf-70	71	7	and	and	CCONJ
gujaf-70	71	8	jan	jan	PROPN
gujaf-70	71	9	(	(	PUNCT
gujaf-70	71	10	2015	2015	NUM
gujaf-70	71	11	)	)	PUNCT
gujaf-70	71	12	gusau	gusau	ADJ
gujaf-70	71	13	journal	journal	NOUN
gujaf-70	71	14	of	of	ADP
gujaf-70	71	15	accounting	accounting	NOUN
gujaf-70	71	16	and	and	CCONJ
gujaf-70	71	17	finance	finance	NOUN
gujaf-70	71	18	,	,	PUNCT
gujaf-70	71	19	vol	vol	NOUN
gujaf-70	71	20	.	.	PROPN
gujaf-70	71	21	2	2	NUM
gujaf-70	71	22	,	,	PUNCT
gujaf-70	71	23	issue	issue	NOUN
gujaf-70	71	24	2	2	NUM
gujaf-70	71	25	,	,	PUNCT
gujaf-70	71	26	april	april	PROPN
gujaf-70	71	27	,	,	PUNCT
gujaf-70	71	28	2021	2021	NUM
gujaf-70	71	29	5	5	NUM
gujaf-70	71	30	investigate	investigate	VERB
gujaf-70	71	31	the	the	DET
gujaf-70	71	32	relationship	relationship	NOUN
gujaf-70	71	33	between	between	ADP
gujaf-70	71	34	the	the	DET
gujaf-70	71	35	stock	stock	NOUN
gujaf-70	71	36	price	price	NOUN
gujaf-70	71	37	per	per	ADP
gujaf-70	71	38	share	share	NOUN
gujaf-70	71	39	of	of	ADP
gujaf-70	71	40	pakistan	pakistan	PROPN
gujaf-70	71	41	's	's	PART
gujaf-70	71	42	dividend	dividend	NOUN
gujaf-70	71	43	payout	payout	NOUN
gujaf-70	71	44	ratio	ratio	NOUN
gujaf-70	71	45	.	.	PUNCT
gujaf-70	72	1	the	the	DET
gujaf-70	72	2	analysis	analysis	NOUN
gujaf-70	72	3	used	use	VERB
gujaf-70	72	4	a	a	DET
gujaf-70	72	5	sample	sample	NOUN
gujaf-70	72	6	of	of	ADP
gujaf-70	72	7	12	12	NUM
gujaf-70	72	8	companies	company	NOUN
gujaf-70	72	9	listed	list	VERB
gujaf-70	72	10	on	on	ADP
gujaf-70	72	11	the	the	DET
gujaf-70	72	12	karachi	karachi	PROPN
gujaf-70	72	13	stock	stock	PROPN
gujaf-70	72	14	exchange	exchange	PROPN
gujaf-70	72	15	.	.	PUNCT
gujaf-70	73	1	data	datum	NOUN
gujaf-70	73	2	compiled	compile	VERB
gujaf-70	73	3	from	from	ADP
gujaf-70	73	4	the	the	DET
gujaf-70	73	5	annual	annual	ADJ
gujaf-70	73	6	report	report	NOUN
gujaf-70	73	7	for	for	ADP
gujaf-70	73	8	a	a	DET
gujaf-70	73	9	period	period	NOUN
gujaf-70	73	10	of	of	ADP
gujaf-70	73	11	13	13	NUM
gujaf-70	73	12	years	year	NOUN
gujaf-70	73	13	from	from	ADP
gujaf-70	73	14	2001	2001	NUM
gujaf-70	73	15	to	to	ADP
gujaf-70	73	16	2013	2013	NUM
gujaf-70	73	17	.	.	PUNCT
gujaf-70	74	1	multiple	multiple	ADJ
gujaf-70	74	2	regression	regression	NOUN
gujaf-70	74	3	analysis	analysis	NOUN
gujaf-70	74	4	was	be	AUX
gujaf-70	74	5	used	use	VERB
gujaf-70	74	6	to	to	PART
gujaf-70	74	7	analyze	analyze	VERB
gujaf-70	74	8	the	the	DET
gujaf-70	74	9	dividend	dividend	NOUN
gujaf-70	74	10	payout	payout	NOUN
gujaf-70	74	11	ratio	ratio	NOUN
gujaf-70	74	12	's	's	PART
gujaf-70	74	13	effect	effect	NOUN
gujaf-70	74	14	on	on	ADP
gujaf-70	74	15	the	the	DET
gujaf-70	74	16	stock	stock	NOUN
gujaf-70	74	17	price	price	NOUN
gujaf-70	74	18	per	per	ADP
gujaf-70	74	19	share	share	NOUN
gujaf-70	74	20	.	.	PUNCT
gujaf-70	75	1	as	as	ADP
gujaf-70	75	2	a	a	DET
gujaf-70	75	3	result	result	NOUN
gujaf-70	75	4	,	,	PUNCT
gujaf-70	75	5	substantial	substantial	ADJ
gujaf-70	75	6	positive	positive	ADJ
gujaf-70	75	7	evidence	evidence	NOUN
gujaf-70	75	8	for	for	ADP
gujaf-70	75	9	the	the	DET
gujaf-70	75	10	dividend	dividend	NOUN
gujaf-70	75	11	payout	payout	NOUN
gujaf-70	75	12	ratio	ratio	NOUN
gujaf-70	75	13	impacts	impact	VERB
gujaf-70	75	14	the	the	DET
gujaf-70	75	15	stock	stock	NOUN
gujaf-70	75	16	price	price	NOUN
gujaf-70	75	17	per	per	ADP
gujaf-70	75	18	share	share	NOUN
gujaf-70	75	19	.	.	PUNCT
gujaf-70	76	1	besides	besides	SCONJ
gujaf-70	76	2	,	,	PUNCT
gujaf-70	76	3	alim	alim	NOUN
gujaf-70	76	4	et	et	PROPN
gujaf-70	76	5	al	al	PROPN
gujaf-70	76	6	.	.	PROPN
gujaf-70	76	7	,	,	PUNCT
gujaf-70	76	8	(	(	PUNCT
gujaf-70	76	9	2014	2014	NUM
gujaf-70	76	10	)	)	PUNCT
gujaf-70	76	11	analyzed	analyze	VERB
gujaf-70	76	12	the	the	DET
gujaf-70	76	13	relationship	relationship	NOUN
gujaf-70	76	14	between	between	ADP
gujaf-70	76	15	the	the	DET
gujaf-70	76	16	stock	stock	NOUN
gujaf-70	76	17	price	price	NOUN
gujaf-70	76	18	per	per	ADP
gujaf-70	76	19	share	share	NOUN
gujaf-70	76	20	of	of	ADP
gujaf-70	76	21	pakistan	pakistan	PROPN
gujaf-70	76	22	's	's	PART
gujaf-70	76	23	dividend	dividend	NOUN
gujaf-70	76	24	payout	payout	NOUN
gujaf-70	76	25	ratio	ratio	NOUN
gujaf-70	76	26	.	.	PUNCT
gujaf-70	77	1	the	the	DET
gujaf-70	77	2	work	work	NOUN
gujaf-70	77	3	included	include	VERB
gujaf-70	77	4	a	a	DET
gujaf-70	77	5	survey	survey	NOUN
gujaf-70	77	6	of	of	ADP
gujaf-70	77	7	50	50	NUM
gujaf-70	77	8	listed	list	VERB
gujaf-70	77	9	companies	company	NOUN
gujaf-70	77	10	on	on	ADP
gujaf-70	77	11	the	the	DET
gujaf-70	77	12	karachi	karachi	PROPN
gujaf-70	77	13	stock	stock	PROPN
gujaf-70	77	14	exchange	exchange	PROPN
gujaf-70	77	15	.	.	PUNCT
gujaf-70	78	1	data	datum	NOUN
gujaf-70	78	2	compiled	compile	VERB
gujaf-70	78	3	from	from	ADP
gujaf-70	78	4	the	the	DET
gujaf-70	78	5	annual	annual	ADJ
gujaf-70	78	6	report	report	NOUN
gujaf-70	78	7	for	for	ADP
gujaf-70	78	8	a	a	DET
gujaf-70	78	9	period	period	NOUN
gujaf-70	78	10	of	of	ADP
gujaf-70	78	11	10	10	NUM
gujaf-70	78	12	years	year	NOUN
gujaf-70	78	13	from	from	ADP
gujaf-70	78	14	2001	2001	NUM
gujaf-70	78	15	to	to	ADP
gujaf-70	78	16	2010	2010	NUM
gujaf-70	78	17	.	.	PUNCT
gujaf-70	79	1	regression	regression	NOUN
gujaf-70	79	2	methods	method	NOUN
gujaf-70	79	3	have	have	AUX
gujaf-70	79	4	been	be	AUX
gujaf-70	79	5	used	use	VERB
gujaf-70	79	6	to	to	PART
gujaf-70	79	7	analyze	analyze	VERB
gujaf-70	79	8	the	the	DET
gujaf-70	79	9	dividend	dividend	NOUN
gujaf-70	79	10	policy	policy	NOUN
gujaf-70	79	11	's	's	PART
gujaf-70	79	12	effect	effect	NOUN
gujaf-70	79	13	on	on	ADP
gujaf-70	79	14	the	the	DET
gujaf-70	79	15	stock	stock	NOUN
gujaf-70	79	16	price	price	NOUN
gujaf-70	79	17	per	per	ADP
gujaf-70	79	18	share	share	NOUN
gujaf-70	79	19	.	.	PUNCT
gujaf-70	80	1	as	as	ADP
gujaf-70	80	2	a	a	DET
gujaf-70	80	3	result	result	NOUN
gujaf-70	80	4	,	,	PUNCT
gujaf-70	80	5	substantial	substantial	ADJ
gujaf-70	80	6	positive	positive	ADJ
gujaf-70	80	7	evidence	evidence	NOUN
gujaf-70	80	8	for	for	ADP
gujaf-70	80	9	the	the	DET
gujaf-70	80	10	dividend	dividend	NOUN
gujaf-70	80	11	policy	policy	NOUN
gujaf-70	80	12	impacts	impact	VERB
gujaf-70	80	13	the	the	DET
gujaf-70	80	14	stock	stock	NOUN
gujaf-70	80	15	price	price	NOUN
gujaf-70	80	16	per	per	ADP
gujaf-70	80	17	share	share	NOUN
gujaf-70	80	18	.	.	PUNCT
gujaf-70	81	1	hassan	hassan	PROPN
gujaf-70	81	2	et	et	PROPN
gujaf-70	81	3	al	al	PROPN
gujaf-70	81	4	.	.	PROPN
gujaf-70	81	5	,	,	PUNCT
gujaf-70	81	6	(	(	PUNCT
gujaf-70	81	7	2013	2013	NUM
gujaf-70	81	8	)	)	PUNCT
gujaf-70	81	9	investigated	investigate	VERB
gujaf-70	81	10	the	the	DET
gujaf-70	81	11	relationship	relationship	NOUN
gujaf-70	81	12	between	between	ADP
gujaf-70	81	13	the	the	DET
gujaf-70	81	14	stock	stock	NOUN
gujaf-70	81	15	price	price	NOUN
gujaf-70	81	16	per	per	ADP
gujaf-70	81	17	share	share	NOUN
gujaf-70	81	18	of	of	ADP
gujaf-70	81	19	pakistan	pakistan	PROPN
gujaf-70	81	20	's	's	PART
gujaf-70	81	21	dividend	dividend	NOUN
gujaf-70	81	22	payout	payout	NOUN
gujaf-70	81	23	ratio	ratio	NOUN
gujaf-70	81	24	.	.	PUNCT
gujaf-70	82	1	the	the	DET
gujaf-70	82	2	analysis	analysis	NOUN
gujaf-70	82	3	used	use	VERB
gujaf-70	82	4	a	a	DET
gujaf-70	82	5	selection	selection	NOUN
gujaf-70	82	6	of	of	ADP
gujaf-70	82	7	50	50	NUM
gujaf-70	82	8	listed	list	VERB
gujaf-70	82	9	companies	company	NOUN
gujaf-70	82	10	on	on	ADP
gujaf-70	82	11	the	the	DET
gujaf-70	82	12	karachi	karachi	PROPN
gujaf-70	82	13	stock	stock	PROPN
gujaf-70	82	14	exchange	exchange	PROPN
gujaf-70	82	15	.	.	PUNCT
gujaf-70	83	1	data	datum	NOUN
gujaf-70	83	2	compiled	compile	VERB
gujaf-70	83	3	from	from	ADP
gujaf-70	83	4	the	the	DET
gujaf-70	83	5	annual	annual	ADJ
gujaf-70	83	6	report	report	NOUN
gujaf-70	83	7	for	for	ADP
gujaf-70	83	8	a	a	DET
gujaf-70	83	9	period	period	NOUN
gujaf-70	83	10	of	of	ADP
gujaf-70	83	11	10	10	NUM
gujaf-70	83	12	years	year	NOUN
gujaf-70	83	13	from	from	ADP
gujaf-70	83	14	2001	2001	NUM
gujaf-70	83	15	to	to	ADP
gujaf-70	83	16	2010	2010	NUM
gujaf-70	83	17	.	.	PUNCT
gujaf-70	84	1	multiple	multiple	ADJ
gujaf-70	84	2	regression	regression	NOUN
gujaf-70	84	3	analysis	analysis	NOUN
gujaf-70	84	4	methods	method	NOUN
gujaf-70	84	5	were	be	AUX
gujaf-70	84	6	used	use	VERB
gujaf-70	84	7	to	to	PART
gujaf-70	84	8	analyze	analyze	VERB
gujaf-70	84	9	the	the	DET
gujaf-70	84	10	dividend	dividend	NOUN
gujaf-70	84	11	payout	payout	NOUN
gujaf-70	84	12	ratio	ratio	NOUN
gujaf-70	84	13	's	's	PART
gujaf-70	84	14	effect	effect	NOUN
gujaf-70	84	15	on	on	ADP
gujaf-70	84	16	the	the	DET
gujaf-70	84	17	stock	stock	NOUN
gujaf-70	84	18	price	price	NOUN
gujaf-70	84	19	per	per	ADP
gujaf-70	84	20	share	share	NOUN
gujaf-70	84	21	.	.	PUNCT
gujaf-70	85	1	as	as	ADP
gujaf-70	85	2	a	a	DET
gujaf-70	85	3	result	result	NOUN
gujaf-70	85	4	,	,	PUNCT
gujaf-70	85	5	substantial	substantial	ADJ
gujaf-70	85	6	positive	positive	ADJ
gujaf-70	85	7	evidence	evidence	NOUN
gujaf-70	85	8	for	for	ADP
gujaf-70	85	9	the	the	DET
gujaf-70	85	10	dividend	dividend	NOUN
gujaf-70	85	11	payout	payout	NOUN
gujaf-70	85	12	ratio	ratio	NOUN
gujaf-70	85	13	impacts	impact	VERB
gujaf-70	85	14	the	the	DET
gujaf-70	85	15	stock	stock	NOUN
gujaf-70	85	16	price	price	NOUN
gujaf-70	85	17	per	per	ADP
gujaf-70	85	18	share	share	NOUN
gujaf-70	85	19	.	.	PUNCT
gujaf-70	86	1	mokaya	mokaya	AUX
gujaf-70	86	2	et	et	PROPN
gujaf-70	86	3	al	al	PROPN
gujaf-70	86	4	.	.	PROPN
gujaf-70	86	5	,	,	PUNCT
gujaf-70	86	6	(	(	PUNCT
gujaf-70	86	7	2013	2013	NUM
gujaf-70	86	8	)	)	PUNCT
gujaf-70	86	9	investigate	investigate	VERB
gujaf-70	86	10	the	the	DET
gujaf-70	86	11	relationship	relationship	NOUN
gujaf-70	86	12	between	between	ADP
gujaf-70	86	13	dividend	dividend	NOUN
gujaf-70	86	14	payments	payment	NOUN
gujaf-70	86	15	at	at	ADP
gujaf-70	86	16	market	market	NOUN
gujaf-70	86	17	price	price	NOUN
gujaf-70	86	18	per	per	ADP
gujaf-70	86	19	share	share	NOUN
gujaf-70	86	20	in	in	ADP
gujaf-70	86	21	kenya	kenya	PROPN
gujaf-70	86	22	.	.	PUNCT
gujaf-70	87	1	the	the	DET
gujaf-70	87	2	research	research	NOUN
gujaf-70	87	3	used	use	VERB
gujaf-70	87	4	a	a	DET
gujaf-70	87	5	selection	selection	NOUN
gujaf-70	87	6	of	of	ADP
gujaf-70	87	7	100	100	NUM
gujaf-70	87	8	listed	list	VERB
gujaf-70	87	9	companies	company	NOUN
gujaf-70	87	10	in	in	ADP
gujaf-70	87	11	the	the	DET
gujaf-70	87	12	kenya	kenya	PROPN
gujaf-70	87	13	stock	stock	PROPN
gujaf-70	87	14	exchange	exchange	PROPN
gujaf-70	87	15	.	.	PUNCT
gujaf-70	88	1	data	datum	NOUN
gujaf-70	88	2	compiled	compile	VERB
gujaf-70	88	3	from	from	ADP
gujaf-70	88	4	the	the	DET
gujaf-70	88	5	annual	annual	ADJ
gujaf-70	88	6	report	report	NOUN
gujaf-70	88	7	for	for	ADP
gujaf-70	88	8	a	a	DET
gujaf-70	88	9	period	period	NOUN
gujaf-70	88	10	of	of	ADP
gujaf-70	88	11	time	time	NOUN
gujaf-70	88	12	.	.	PUNCT
gujaf-70	89	1	ols	ol	NOUN
gujaf-70	89	2	regression	regression	VERB
gujaf-70	89	3	analysis	analysis	NOUN
gujaf-70	89	4	methods	method	NOUN
gujaf-70	89	5	were	be	AUX
gujaf-70	89	6	used	use	VERB
gujaf-70	89	7	to	to	PART
gujaf-70	89	8	analyze	analyze	VERB
gujaf-70	89	9	the	the	DET
gujaf-70	89	10	dividend	dividend	NOUN
gujaf-70	89	11	payout	payout	NOUN
gujaf-70	89	12	ratio	ratio	NOUN
gujaf-70	89	13	's	's	PART
gujaf-70	89	14	effect	effect	NOUN
gujaf-70	89	15	on	on	ADP
gujaf-70	89	16	the	the	DET
gujaf-70	89	17	stock	stock	NOUN
gujaf-70	89	18	price	price	NOUN
gujaf-70	89	19	per	per	ADP
gujaf-70	89	20	share	share	NOUN
gujaf-70	89	21	.	.	PUNCT
gujaf-70	90	1	as	as	ADP
gujaf-70	90	2	a	a	DET
gujaf-70	90	3	result	result	NOUN
gujaf-70	90	4	,	,	PUNCT
gujaf-70	90	5	substantial	substantial	ADJ
gujaf-70	90	6	positive	positive	ADJ
gujaf-70	90	7	evidence	evidence	NOUN
gujaf-70	90	8	for	for	ADP
gujaf-70	90	9	the	the	DET
gujaf-70	90	10	dividend	dividend	NOUN
gujaf-70	90	11	payout	payout	NOUN
gujaf-70	90	12	ratio	ratio	NOUN
gujaf-70	90	13	impacts	impact	VERB
gujaf-70	90	14	the	the	DET
gujaf-70	90	15	stock	stock	NOUN
gujaf-70	90	16	price	price	NOUN
gujaf-70	90	17	per	per	ADP
gujaf-70	90	18	share	share	NOUN
gujaf-70	90	19	.	.	PUNCT
gujaf-70	91	1	kapoor	kapoor	PROPN
gujaf-70	91	2	(	(	PUNCT
gujaf-70	91	3	2009	2009	NUM
gujaf-70	91	4	)	)	PUNCT
gujaf-70	91	5	also	also	ADV
gujaf-70	91	6	explores	explore	VERB
gujaf-70	91	7	the	the	DET
gujaf-70	91	8	relationship	relationship	NOUN
gujaf-70	91	9	between	between	ADP
gujaf-70	91	10	dividend	dividend	NOUN
gujaf-70	91	11	payout	payout	NOUN
gujaf-70	91	12	ratios	ratio	NOUN
gujaf-70	91	13	on	on	ADP
gujaf-70	91	14	india	india	PROPN
gujaf-70	91	15	's	's	PART
gujaf-70	91	16	stock	stock	NOUN
gujaf-70	91	17	price	price	NOUN
gujaf-70	91	18	per	per	ADP
gujaf-70	91	19	share	share	NOUN
gujaf-70	91	20	.	.	PUNCT
gujaf-70	92	1	the	the	DET
gujaf-70	92	2	analysis	analysis	NOUN
gujaf-70	92	3	used	use	VERB
gujaf-70	92	4	a	a	DET
gujaf-70	92	5	curated	curate	VERB
gujaf-70	92	6	sample	sample	NOUN
gujaf-70	92	7	of	of	ADP
gujaf-70	92	8	indian	indian	ADJ
gujaf-70	92	9	listed	list	VERB
gujaf-70	92	10	companies	company	NOUN
gujaf-70	92	11	.	.	PUNCT
gujaf-70	93	1	data	datum	NOUN
gujaf-70	93	2	obtained	obtain	VERB
gujaf-70	93	3	from	from	ADP
gujaf-70	93	4	the	the	DET
gujaf-70	93	5	annual	annual	ADJ
gujaf-70	93	6	report	report	NOUN
gujaf-70	93	7	of	of	ADP
gujaf-70	93	8	the	the	DET
gujaf-70	93	9	time	time	NOUN
gujaf-70	93	10	chosen	choose	VERB
gujaf-70	93	11	.	.	PUNCT
gujaf-70	94	1	the	the	DET
gujaf-70	94	2	panel	panel	NOUN
gujaf-70	94	3	regression	regression	NOUN
gujaf-70	94	4	methodology	methodology	NOUN
gujaf-70	94	5	was	be	AUX
gujaf-70	94	6	used	use	VERB
gujaf-70	94	7	to	to	PART
gujaf-70	94	8	analyze	analyze	VERB
gujaf-70	94	9	the	the	DET
gujaf-70	94	10	dividend	dividend	NOUN
gujaf-70	94	11	payout	payout	NOUN
gujaf-70	94	12	ratio	ratio	NOUN
gujaf-70	94	13	's	's	PART
gujaf-70	94	14	effect	effect	NOUN
gujaf-70	94	15	on	on	ADP
gujaf-70	94	16	the	the	DET
gujaf-70	94	17	stock	stock	NOUN
gujaf-70	94	18	price	price	NOUN
gujaf-70	94	19	per	per	ADP
gujaf-70	94	20	share	share	NOUN
gujaf-70	94	21	.	.	PUNCT
gujaf-70	95	1	as	as	ADP
gujaf-70	95	2	a	a	DET
gujaf-70	95	3	result	result	NOUN
gujaf-70	95	4	,	,	PUNCT
gujaf-70	95	5	substantial	substantial	ADJ
gujaf-70	95	6	positive	positive	ADJ
gujaf-70	95	7	evidence	evidence	NOUN
gujaf-70	95	8	for	for	ADP
gujaf-70	95	9	the	the	DET
gujaf-70	95	10	dividend	dividend	NOUN
gujaf-70	95	11	payout	payout	NOUN
gujaf-70	95	12	ratio	ratio	NOUN
gujaf-70	95	13	impacts	impact	VERB
gujaf-70	95	14	the	the	DET
gujaf-70	95	15	stock	stock	NOUN
gujaf-70	95	16	price	price	NOUN
gujaf-70	95	17	per	per	ADP
gujaf-70	95	18	share	share	NOUN
gujaf-70	95	19	.	.	PUNCT
gujaf-70	96	1	on	on	ADP
gujaf-70	96	2	the	the	DET
gujaf-70	96	3	contrary	contrary	NOUN
gujaf-70	96	4	,	,	PUNCT
gujaf-70	96	5	balagobei	balagobei	NOUN
gujaf-70	96	6	and	and	CCONJ
gujaf-70	96	7	selvaratnam	selvaratnam	NOUN
gujaf-70	96	8	(	(	PUNCT
gujaf-70	96	9	2016	2016	NUM
gujaf-70	96	10	)	)	PUNCT
gujaf-70	96	11	analyzed	analyze	VERB
gujaf-70	96	12	the	the	DET
gujaf-70	96	13	relationship	relationship	NOUN
gujaf-70	96	14	between	between	ADP
gujaf-70	96	15	the	the	DET
gujaf-70	96	16	dividend	dividend	NOUN
gujaf-70	96	17	payment	payment	NOUN
gujaf-70	96	18	ratio	ratio	NOUN
gujaf-70	96	19	and	and	CCONJ
gujaf-70	96	20	the	the	DET
gujaf-70	96	21	market	market	NOUN
gujaf-70	96	22	price	price	NOUN
gujaf-70	96	23	per	per	ADP
gujaf-70	96	24	share	share	NOUN
gujaf-70	96	25	in	in	ADP
gujaf-70	96	26	sri	sri	PROPN
gujaf-70	96	27	lanka	lanka	PROPN
gujaf-70	96	28	.	.	PUNCT
gujaf-70	97	1	the	the	DET
gujaf-70	97	2	analysis	analysis	NOUN
gujaf-70	97	3	used	use	VERB
gujaf-70	97	4	a	a	DET
gujaf-70	97	5	sample	sample	NOUN
gujaf-70	97	6	of	of	ADP
gujaf-70	97	7	12	12	NUM
gujaf-70	97	8	companies	company	NOUN
gujaf-70	97	9	listed	list	VERB
gujaf-70	97	10	on	on	ADP
gujaf-70	97	11	the	the	DET
gujaf-70	97	12	colombo	colombo	NOUN
gujaf-70	97	13	stock	stock	NOUN
gujaf-70	97	14	exchange	exchange	NOUN
gujaf-70	97	15	.	.	PUNCT
gujaf-70	98	1	data	datum	NOUN
gujaf-70	98	2	obtained	obtain	VERB
gujaf-70	98	3	in	in	ADP
gujaf-70	98	4	the	the	DET
gujaf-70	98	5	annual	annual	ADJ
gujaf-70	98	6	report	report	NOUN
gujaf-70	98	7	for	for	ADP
gujaf-70	98	8	a	a	DET
gujaf-70	98	9	period	period	NOUN
gujaf-70	98	10	of	of	ADP
gujaf-70	98	11	five	five	NUM
gujaf-70	98	12	years	year	NOUN
gujaf-70	98	13	from	from	ADP
gujaf-70	98	14	2008	2008	NUM
gujaf-70	98	15	to	to	ADP
gujaf-70	98	16	2012	2012	NUM
gujaf-70	98	17	.	.	PUNCT
gujaf-70	99	1	multiple	multiple	ADJ
gujaf-70	99	2	regression	regression	NOUN
gujaf-70	99	3	methods	method	NOUN
gujaf-70	99	4	were	be	AUX
gujaf-70	99	5	used	use	VERB
gujaf-70	99	6	to	to	PART
gujaf-70	99	7	analyze	analyze	VERB
gujaf-70	99	8	the	the	DET
gujaf-70	99	9	dividend	dividend	NOUN
gujaf-70	99	10	payout	payout	NOUN
gujaf-70	99	11	ratio	ratio	NOUN
gujaf-70	99	12	's	's	PART
gujaf-70	99	13	effect	effect	NOUN
gujaf-70	99	14	on	on	ADP
gujaf-70	99	15	the	the	DET
gujaf-70	99	16	stock	stock	NOUN
gujaf-70	99	17	price	price	NOUN
gujaf-70	99	18	per	per	ADP
gujaf-70	99	19	share	share	NOUN
gujaf-70	99	20	.	.	PUNCT
gujaf-70	100	1	as	as	ADP
gujaf-70	100	2	a	a	DET
gujaf-70	100	3	result	result	NOUN
gujaf-70	100	4	,	,	PUNCT
gujaf-70	100	5	substantial	substantial	ADJ
gujaf-70	100	6	but	but	CCONJ
gujaf-70	100	7	negative	negative	ADJ
gujaf-70	100	8	support	support	NOUN
gujaf-70	100	9	for	for	ADP
gujaf-70	100	10	the	the	DET
gujaf-70	100	11	impact	impact	NOUN
gujaf-70	100	12	of	of	ADP
gujaf-70	100	13	the	the	DET
gujaf-70	100	14	dividend	dividend	NOUN
gujaf-70	100	15	payout	payout	NOUN
gujaf-70	100	16	ratio	ratio	NOUN
gujaf-70	100	17	and	and	CCONJ
gujaf-70	100	18	the	the	DET
gujaf-70	100	19	stock	stock	NOUN
gujaf-70	100	20	price	price	NOUN
gujaf-70	100	21	per	per	ADP
gujaf-70	100	22	share	share	NOUN
gujaf-70	100	23	.	.	PUNCT
gujaf-70	101	1	suwabe	suwabe	PROPN
gujaf-70	101	2	(	(	PUNCT
gujaf-70	101	3	2006	2006	NUM
gujaf-70	101	4	)	)	PUNCT
gujaf-70	101	5	explores	explore	VERB
gujaf-70	101	6	the	the	DET
gujaf-70	101	7	relationship	relationship	NOUN
gujaf-70	101	8	between	between	ADP
gujaf-70	101	9	the	the	DET
gujaf-70	101	10	stock	stock	NOUN
gujaf-70	101	11	price	price	NOUN
gujaf-70	101	12	per	per	ADP
gujaf-70	101	13	share	share	NOUN
gujaf-70	101	14	of	of	ADP
gujaf-70	101	15	japan	japan	PROPN
gujaf-70	101	16	's	's	PART
gujaf-70	101	17	dividend	dividend	NOUN
gujaf-70	101	18	payout	payout	NOUN
gujaf-70	101	19	ratio	ratio	NOUN
gujaf-70	101	20	.	.	PUNCT
gujaf-70	102	1	a	a	DET
gujaf-70	102	2	sample	sample	NOUN
gujaf-70	102	3	of	of	ADP
gujaf-70	102	4	listed	list	VERB
gujaf-70	102	5	japanese	japanese	ADJ
gujaf-70	102	6	companies	company	NOUN
gujaf-70	102	7	was	be	AUX
gujaf-70	102	8	used	use	VERB
gujaf-70	102	9	in	in	ADP
gujaf-70	102	10	the	the	DET
gujaf-70	102	11	analysis	analysis	NOUN
gujaf-70	102	12	.	.	PUNCT
gujaf-70	103	1	data	datum	NOUN
gujaf-70	103	2	compiled	compile	VERB
gujaf-70	103	3	from	from	ADP
gujaf-70	103	4	the	the	DET
gujaf-70	103	5	annual	annual	ADJ
gujaf-70	103	6	report	report	NOUN
gujaf-70	103	7	for	for	ADP
gujaf-70	103	8	a	a	DET
gujaf-70	103	9	period	period	NOUN
gujaf-70	103	10	of	of	ADP
gujaf-70	103	11	time	time	NOUN
gujaf-70	103	12	.	.	PUNCT
gujaf-70	104	1	multiple	multiple	ADJ
gujaf-70	104	2	regression	regression	NOUN
gujaf-70	104	3	methods	method	NOUN
gujaf-70	104	4	were	be	AUX
gujaf-70	104	5	used	use	VERB
gujaf-70	104	6	to	to	PART
gujaf-70	104	7	analyze	analyze	VERB
gujaf-70	104	8	the	the	DET
gujaf-70	104	9	dividend	dividend	NOUN
gujaf-70	104	10	payout	payout	NOUN
gujaf-70	104	11	ratio	ratio	NOUN
gujaf-70	104	12	's	's	PART
gujaf-70	104	13	effect	effect	NOUN
gujaf-70	104	14	on	on	ADP
gujaf-70	104	15	the	the	DET
gujaf-70	104	16	stock	stock	NOUN
gujaf-70	104	17	price	price	NOUN
gujaf-70	104	18	per	per	ADP
gujaf-70	104	19	share	share	NOUN
gujaf-70	104	20	.	.	PUNCT
gujaf-70	105	1	as	as	ADP
gujaf-70	105	2	a	a	DET
gujaf-70	105	3	result	result	NOUN
gujaf-70	105	4	,	,	PUNCT
gujaf-70	105	5	substantial	substantial	ADJ
gujaf-70	105	6	but	but	CCONJ
gujaf-70	105	7	negative	negative	ADJ
gujaf-70	105	8	support	support	NOUN
gujaf-70	105	9	for	for	ADP
gujaf-70	105	10	the	the	DET
gujaf-70	105	11	impact	impact	NOUN
gujaf-70	105	12	of	of	ADP
gujaf-70	105	13	the	the	DET
gujaf-70	105	14	dividend	dividend	NOUN
gujaf-70	105	15	payout	payout	NOUN
gujaf-70	105	16	ratio	ratio	NOUN
gujaf-70	105	17	and	and	CCONJ
gujaf-70	105	18	the	the	DET
gujaf-70	105	19	stock	stock	NOUN
gujaf-70	105	20	price	price	NOUN
gujaf-70	105	21	per	per	ADP
gujaf-70	105	22	share	share	NOUN
gujaf-70	105	23	.	.	PUNCT
gujaf-70	106	1	however	however	ADV
gujaf-70	106	2	,	,	PUNCT
gujaf-70	106	3	insignificant	insignificant	ADJ
gujaf-70	106	4	findings	finding	NOUN
gujaf-70	106	5	were	be	AUX
gujaf-70	106	6	also	also	ADV
gujaf-70	106	7	found	find	VERB
gujaf-70	106	8	in	in	ADP
gujaf-70	106	9	chenchehene	chenchehene	PROPN
gujaf-70	106	10	and	and	CCONJ
gujaf-70	106	11	mensah	mensah	PROPN
gujaf-70	106	12	(	(	PUNCT
gujaf-70	106	13	2015	2015	NUM
gujaf-70	106	14	)	)	PUNCT
gujaf-70	106	15	.	.	PUNCT
gujaf-70	107	1	they	they	PRON
gujaf-70	107	2	analyzed	analyze	VERB
gujaf-70	107	3	the	the	DET
gujaf-70	107	4	relationship	relationship	NOUN
gujaf-70	107	5	between	between	ADP
gujaf-70	107	6	the	the	DET
gujaf-70	107	7	dividend	dividend	NOUN
gujaf-70	107	8	payment	payment	NOUN
gujaf-70	107	9	ratio	ratio	NOUN
gujaf-70	107	10	and	and	CCONJ
gujaf-70	107	11	the	the	DET
gujaf-70	107	12	stock	stock	NOUN
gujaf-70	107	13	price	price	NOUN
gujaf-70	107	14	per	per	ADP
gujaf-70	107	15	share	share	NOUN
gujaf-70	107	16	in	in	ADP
gujaf-70	107	17	the	the	DET
gujaf-70	107	18	united	united	ADJ
gujaf-70	107	19	kingdom	kingdom	NOUN
gujaf-70	107	20	and	and	CCONJ
gujaf-70	107	21	sampled	sample	VERB
gujaf-70	107	22	25	25	NUM
gujaf-70	107	23	uk	uk	PROPN
gujaf-70	107	24	firms	firm	NOUN
gujaf-70	107	25	.	.	PUNCT
gujaf-70	108	1	data	datum	NOUN
gujaf-70	108	2	obtained	obtain	VERB
gujaf-70	108	3	from	from	ADP
gujaf-70	108	4	the	the	DET
gujaf-70	108	5	annual	annual	ADJ
gujaf-70	108	6	report	report	NOUN
gujaf-70	108	7	for	for	ADP
gujaf-70	108	8	twenty	twenty	NUM
gujaf-70	108	9	years	year	NOUN
gujaf-70	108	10	from	from	ADP
gujaf-70	108	11	2004	2004	NUM
gujaf-70	108	12	to	to	ADP
gujaf-70	108	13	208	208	NUM
gujaf-70	108	14	.	.	PUNCT
gujaf-70	109	1	multiple	multiple	ADJ
gujaf-70	109	2	regression	regression	NOUN
gujaf-70	109	3	analyzes	analyze	NOUN
gujaf-70	109	4	were	be	AUX
gujaf-70	109	5	used	use	VERB
gujaf-70	109	6	to	to	PART
gujaf-70	109	7	verify	verify	VERB
gujaf-70	109	8	the	the	DET
gujaf-70	109	9	impact	impact	NOUN
gujaf-70	109	10	of	of	ADP
gujaf-70	109	11	the	the	DET
gujaf-70	109	12	dividend	dividend	NOUN
gujaf-70	109	13	payout	payout	NOUN
gujaf-70	109	14	ratio	ratio	NOUN
gujaf-70	109	15	and	and	CCONJ
gujaf-70	109	16	market	market	NOUN
gujaf-70	109	17	price	price	NOUN
gujaf-70	109	18	per	per	ADP
gujaf-70	109	19	share	share	NOUN
gujaf-70	109	20	.	.	PUNCT
gujaf-70	110	1	the	the	DET
gujaf-70	110	2	result	result	NOUN
gujaf-70	110	3	gives	give	VERB
gujaf-70	110	4	negligible	negligible	ADJ
gujaf-70	110	5	and	and	CCONJ
gujaf-70	110	6	negative	negative	ADJ
gujaf-70	110	7	support	support	NOUN
gujaf-70	110	8	to	to	ADP
gujaf-70	110	9	the	the	DET
gujaf-70	110	10	relationship	relationship	NOUN
gujaf-70	110	11	between	between	ADP
gujaf-70	110	12	the	the	DET
gujaf-70	110	13	dividend	dividend	NOUN
gujaf-70	110	14	payout	payout	NOUN
gujaf-70	110	15	ratio	ratio	NOUN
gujaf-70	110	16	and	and	CCONJ
gujaf-70	110	17	the	the	DET
gujaf-70	110	18	market	market	NOUN
gujaf-70	110	19	price	price	NOUN
gujaf-70	110	20	per	per	ADP
gujaf-70	110	21	share	share	NOUN
gujaf-70	110	22	.	.	PUNCT
gujaf-70	111	1	while	while	SCONJ
gujaf-70	111	2	multiple	multiple	ADJ
gujaf-70	111	3	regression	regression	NOUN
gujaf-70	111	4	gusau	gusau	ADJ
gujaf-70	111	5	journal	journal	NOUN
gujaf-70	111	6	of	of	ADP
gujaf-70	111	7	accounting	accounting	NOUN
gujaf-70	111	8	and	and	CCONJ
gujaf-70	111	9	finance	finance	NOUN
gujaf-70	111	10	,	,	PUNCT
gujaf-70	111	11	vol	vol	NOUN
gujaf-70	111	12	.	.	PROPN
gujaf-70	111	13	2	2	NUM
gujaf-70	111	14	,	,	PUNCT
gujaf-70	111	15	issue	issue	NOUN
gujaf-70	111	16	2	2	NUM
gujaf-70	111	17	,	,	PUNCT
gujaf-70	111	18	april	april	PROPN
gujaf-70	111	19	,	,	PUNCT
gujaf-70	111	20	2021	2021	NUM
gujaf-70	111	21	6	6	NUM
gujaf-70	111	22	analysis	analysis	NOUN
gujaf-70	111	23	was	be	AUX
gujaf-70	111	24	used	use	VERB
gujaf-70	111	25	in	in	ADP
gujaf-70	111	26	the	the	DET
gujaf-70	111	27	study	study	NOUN
gujaf-70	111	28	,	,	PUNCT
gujaf-70	111	29	there	there	PRON
gujaf-70	111	30	was	be	VERB
gujaf-70	111	31	no	no	DET
gujaf-70	111	32	evidence	evidence	NOUN
gujaf-70	111	33	of	of	ADP
gujaf-70	111	34	a	a	DET
gujaf-70	111	35	robustness	robustness	NOUN
gujaf-70	111	36	check	check	NOUN
gujaf-70	111	37	.	.	PUNCT
gujaf-70	112	1	ali	ali	PROPN
gujaf-70	112	2	et	et	PROPN
gujaf-70	112	3	al	al	PROPN
gujaf-70	112	4	.	.	PROPN
gujaf-70	112	5	,	,	PUNCT
gujaf-70	112	6	(	(	PUNCT
gujaf-70	112	7	2008	2008	NUM
gujaf-70	112	8	)	)	PUNCT
gujaf-70	112	9	analyzed	analyze	VERB
gujaf-70	112	10	the	the	DET
gujaf-70	112	11	relationship	relationship	NOUN
gujaf-70	112	12	between	between	ADP
gujaf-70	112	13	the	the	DET
gujaf-70	112	14	stock	stock	NOUN
gujaf-70	112	15	price	price	NOUN
gujaf-70	112	16	per	per	ADP
gujaf-70	112	17	share	share	NOUN
gujaf-70	112	18	of	of	ADP
gujaf-70	112	19	india	india	PROPN
gujaf-70	112	20	's	's	PART
gujaf-70	112	21	dividend	dividend	NOUN
gujaf-70	112	22	payout	payout	NOUN
gujaf-70	112	23	ratio	ratio	NOUN
gujaf-70	112	24	.	.	PUNCT
gujaf-70	113	1	the	the	DET
gujaf-70	113	2	analysis	analysis	NOUN
gujaf-70	113	3	used	use	VERB
gujaf-70	113	4	a	a	DET
gujaf-70	113	5	selection	selection	NOUN
gujaf-70	113	6	of	of	ADP
gujaf-70	113	7	68	68	NUM
gujaf-70	113	8	listed	list	VERB
gujaf-70	113	9	companies	company	NOUN
gujaf-70	113	10	in	in	ADP
gujaf-70	113	11	the	the	DET
gujaf-70	113	12	indian	indian	ADJ
gujaf-70	113	13	stock	stock	NOUN
gujaf-70	113	14	exchange	exchange	PROPN
gujaf-70	113	15	.	.	PUNCT
gujaf-70	114	1	data	datum	NOUN
gujaf-70	114	2	obtained	obtain	VERB
gujaf-70	114	3	in	in	ADP
gujaf-70	114	4	the	the	DET
gujaf-70	114	5	annual	annual	ADJ
gujaf-70	114	6	report	report	NOUN
gujaf-70	114	7	for	for	ADP
gujaf-70	114	8	a	a	DET
gujaf-70	114	9	period	period	NOUN
gujaf-70	114	10	of	of	ADP
gujaf-70	114	11	five	five	NUM
gujaf-70	114	12	years	year	NOUN
gujaf-70	114	13	from	from	ADP
gujaf-70	114	14	2003	2003	NUM
gujaf-70	114	15	to	to	ADP
gujaf-70	114	16	2007	2007	NUM
gujaf-70	114	17	.	.	PUNCT
gujaf-70	115	1	multiple	multiple	ADJ
gujaf-70	115	2	regression	regression	NOUN
gujaf-70	115	3	methods	method	NOUN
gujaf-70	115	4	were	be	AUX
gujaf-70	115	5	used	use	VERB
gujaf-70	115	6	to	to	PART
gujaf-70	115	7	analyze	analyze	VERB
gujaf-70	115	8	the	the	DET
gujaf-70	115	9	dividend	dividend	NOUN
gujaf-70	115	10	payout	payout	NOUN
gujaf-70	115	11	ratio	ratio	NOUN
gujaf-70	115	12	's	's	PART
gujaf-70	115	13	effect	effect	NOUN
gujaf-70	115	14	on	on	ADP
gujaf-70	115	15	the	the	DET
gujaf-70	115	16	stock	stock	NOUN
gujaf-70	115	17	price	price	NOUN
gujaf-70	115	18	per	per	ADP
gujaf-70	115	19	share	share	NOUN
gujaf-70	115	20	.	.	PUNCT
gujaf-70	116	1	as	as	ADP
gujaf-70	116	2	a	a	DET
gujaf-70	116	3	result	result	NOUN
gujaf-70	116	4	,	,	PUNCT
gujaf-70	116	5	there	there	PRON
gujaf-70	116	6	is	be	VERB
gujaf-70	116	7	negligible	negligible	ADJ
gujaf-70	116	8	support	support	NOUN
gujaf-70	116	9	for	for	ADP
gujaf-70	116	10	the	the	DET
gujaf-70	116	11	dividend	dividend	NOUN
gujaf-70	116	12	payout	payout	NOUN
gujaf-70	116	13	ratio	ratio	NOUN
gujaf-70	116	14	's	's	PART
gujaf-70	116	15	impact	impact	NOUN
gujaf-70	116	16	on	on	ADP
gujaf-70	116	17	the	the	DET
gujaf-70	116	18	stock	stock	NOUN
gujaf-70	116	19	price	price	NOUN
gujaf-70	116	20	per	per	ADP
gujaf-70	116	21	share	share	NOUN
gujaf-70	116	22	.	.	PUNCT
gujaf-70	117	1	besides	besides	ADV
gujaf-70	117	2	,	,	PUNCT
gujaf-70	117	3	adefila	adefila	PROPN
gujaf-70	117	4	(	(	PUNCT
gujaf-70	117	5	2000	2000	NUM
gujaf-70	117	6	)	)	PUNCT
gujaf-70	117	7	analyzed	analyze	VERB
gujaf-70	117	8	the	the	DET
gujaf-70	117	9	relationship	relationship	NOUN
gujaf-70	117	10	between	between	ADP
gujaf-70	117	11	dividend	dividend	NOUN
gujaf-70	117	12	payout	payout	NOUN
gujaf-70	117	13	ratio	ratio	NOUN
gujaf-70	117	14	and	and	CCONJ
gujaf-70	117	15	market	market	NOUN
gujaf-70	117	16	price	price	NOUN
gujaf-70	117	17	per	per	ADP
gujaf-70	117	18	share	share	NOUN
gujaf-70	117	19	of	of	ADP
gujaf-70	117	20	nigeria	nigeria	PROPN
gujaf-70	117	21	's	's	PART
gujaf-70	117	22	firms	firm	NOUN
gujaf-70	117	23	.	.	PUNCT
gujaf-70	118	1	a	a	DET
gujaf-70	118	2	selection	selection	NOUN
gujaf-70	118	3	of	of	ADP
gujaf-70	118	4	15	15	NUM
gujaf-70	118	5	companies	company	NOUN
gujaf-70	118	6	in	in	ADP
gujaf-70	118	7	nigeria	nigeria	PROPN
gujaf-70	118	8	was	be	AUX
gujaf-70	118	9	used	use	VERB
gujaf-70	118	10	in	in	ADP
gujaf-70	118	11	the	the	DET
gujaf-70	118	12	analysis	analysis	NOUN
gujaf-70	118	13	.	.	PUNCT
gujaf-70	119	1	data	datum	NOUN
gujaf-70	119	2	compiled	compile	VERB
gujaf-70	119	3	from	from	ADP
gujaf-70	119	4	the	the	DET
gujaf-70	119	5	annual	annual	ADJ
gujaf-70	119	6	report	report	NOUN
gujaf-70	119	7	for	for	ADP
gujaf-70	119	8	a	a	DET
gujaf-70	119	9	period	period	NOUN
gujaf-70	119	10	of	of	ADP
gujaf-70	119	11	10	10	NUM
gujaf-70	119	12	years	year	NOUN
gujaf-70	119	13	from	from	ADP
gujaf-70	119	14	1990	1990	NUM
gujaf-70	119	15	to	to	ADP
gujaf-70	119	16	1999	1999	NUM
gujaf-70	119	17	.	.	PUNCT
gujaf-70	120	1	multiple	multiple	ADJ
gujaf-70	120	2	regression	regression	NOUN
gujaf-70	120	3	methods	method	NOUN
gujaf-70	120	4	were	be	AUX
gujaf-70	120	5	used	use	VERB
gujaf-70	120	6	to	to	PART
gujaf-70	120	7	analyze	analyze	VERB
gujaf-70	120	8	the	the	DET
gujaf-70	120	9	dividend	dividend	NOUN
gujaf-70	120	10	payout	payout	NOUN
gujaf-70	120	11	ratio	ratio	NOUN
gujaf-70	120	12	's	's	PART
gujaf-70	120	13	effect	effect	NOUN
gujaf-70	120	14	on	on	ADP
gujaf-70	120	15	the	the	DET
gujaf-70	120	16	stock	stock	NOUN
gujaf-70	120	17	price	price	NOUN
gujaf-70	120	18	per	per	ADP
gujaf-70	120	19	share	share	NOUN
gujaf-70	120	20	.	.	PUNCT
gujaf-70	121	1	as	as	ADP
gujaf-70	121	2	a	a	DET
gujaf-70	121	3	result	result	NOUN
gujaf-70	121	4	,	,	PUNCT
gujaf-70	121	5	negligible	negligible	ADJ
gujaf-70	121	6	and	and	CCONJ
gujaf-70	121	7	negative	negative	ADJ
gujaf-70	121	8	support	support	NOUN
gujaf-70	121	9	for	for	ADP
gujaf-70	121	10	the	the	DET
gujaf-70	121	11	dividend	dividend	NOUN
gujaf-70	121	12	payout	payout	NOUN
gujaf-70	121	13	ratio	ratio	NOUN
gujaf-70	121	14	impacts	impact	VERB
gujaf-70	121	15	the	the	DET
gujaf-70	121	16	stock	stock	NOUN
gujaf-70	121	17	price	price	NOUN
gujaf-70	121	18	per	per	ADP
gujaf-70	121	19	share	share	NOUN
gujaf-70	121	20	.	.	PUNCT
gujaf-70	122	1	however	however	ADV
gujaf-70	122	2	,	,	PUNCT
gujaf-70	122	3	most	most	ADJ
gujaf-70	122	4	of	of	ADP
gujaf-70	122	5	the	the	DET
gujaf-70	122	6	previous	previous	ADJ
gujaf-70	122	7	studies	study	NOUN
gujaf-70	122	8	neglect	neglect	VERB
gujaf-70	122	9	the	the	DET
gujaf-70	122	10	essence	essence	NOUN
gujaf-70	122	11	of	of	ADP
gujaf-70	122	12	the	the	DET
gujaf-70	122	13	robustness	robustness	NOUN
gujaf-70	122	14	measure	measure	NOUN
gujaf-70	122	15	.	.	PUNCT
gujaf-70	123	1	thus	thus	ADV
gujaf-70	123	2	,	,	PUNCT
gujaf-70	123	3	the	the	DET
gujaf-70	123	4	ols	ols	PROPN
gujaf-70	123	5	regression	regression	NOUN
gujaf-70	123	6	model	model	NOUN
gujaf-70	123	7	neglects	neglect	VERB
gujaf-70	123	8	the	the	DET
gujaf-70	123	9	cross	cros	NOUN
gujaf-70	123	10	-	-	NOUN
gujaf-70	123	11	sections	section	NOUN
gujaf-70	123	12	and	and	CCONJ
gujaf-70	123	13	the	the	DET
gujaf-70	123	14	time	time	NOUN
gujaf-70	123	15	-	-	PUNCT
gujaf-70	123	16	series	series	NOUN
gujaf-70	123	17	structure	structure	NOUN
gujaf-70	123	18	of	of	ADP
gujaf-70	123	19	the	the	DET
gujaf-70	123	20	data	datum	NOUN
gujaf-70	123	21	as	as	ADP
gujaf-70	123	22	the	the	DET
gujaf-70	123	23	inference	inference	NOUN
gujaf-70	123	24	and	and	CCONJ
gujaf-70	123	25	recommendation	recommendation	NOUN
gujaf-70	123	26	derived	derive	VERB
gujaf-70	123	27	from	from	ADP
gujaf-70	123	28	the	the	DET
gujaf-70	123	29	analysis	analysis	NOUN
gujaf-70	123	30	may	may	AUX
gujaf-70	123	31	be	be	AUX
gujaf-70	123	32	inaccurate	inaccurate	ADJ
gujaf-70	123	33	.	.	PUNCT
gujaf-70	124	1	signal	signal	PROPN
gujaf-70	124	2	theory	theory	NOUN
gujaf-70	124	3	suggested	suggest	VERB
gujaf-70	124	4	that	that	SCONJ
gujaf-70	124	5	managers	manager	NOUN
gujaf-70	124	6	had	have	VERB
gujaf-70	124	7	more	more	ADJ
gujaf-70	124	8	knowledge	knowledge	NOUN
gujaf-70	124	9	of	of	ADP
gujaf-70	124	10	the	the	DET
gujaf-70	124	11	company	company	NOUN
gujaf-70	124	12	's	's	PART
gujaf-70	124	13	potential	potential	ADJ
gujaf-70	124	14	earnings	earning	NOUN
gujaf-70	124	15	prospects	prospect	NOUN
gujaf-70	124	16	than	than	ADP
gujaf-70	124	17	shareholders	shareholder	NOUN
gujaf-70	124	18	.	.	PUNCT
gujaf-70	125	1	thus	thus	ADV
gujaf-70	125	2	,	,	PUNCT
gujaf-70	125	3	when	when	SCONJ
gujaf-70	125	4	directors	director	NOUN
gujaf-70	125	5	have	have	AUX
gujaf-70	125	6	affirmed	affirm	VERB
gujaf-70	125	7	a	a	DET
gujaf-70	125	8	more	more	ADV
gujaf-70	125	9	than	than	SCONJ
gujaf-70	125	10	expected	expected	ADJ
gujaf-70	125	11	dividend	dividend	NOUN
gujaf-70	125	12	,	,	PUNCT
gujaf-70	125	13	it	it	PRON
gujaf-70	125	14	will	will	AUX
gujaf-70	125	15	be	be	AUX
gujaf-70	125	16	interpreted	interpret	VERB
gujaf-70	125	17	to	to	PART
gujaf-70	125	18	indicate	indicate	VERB
gujaf-70	125	19	that	that	SCONJ
gujaf-70	125	20	the	the	DET
gujaf-70	125	21	corporate	corporate	ADJ
gujaf-70	125	22	financial	financial	ADJ
gujaf-70	125	23	perspective	perspective	NOUN
gujaf-70	125	24	will	will	AUX
gujaf-70	125	25	be	be	AUX
gujaf-70	125	26	much	much	ADV
gujaf-70	125	27	healthier	healthy	ADJ
gujaf-70	125	28	.	.	PUNCT
gujaf-70	126	1	as	as	ADP
gujaf-70	126	2	a	a	DET
gujaf-70	126	3	result	result	NOUN
gujaf-70	126	4	,	,	PUNCT
gujaf-70	126	5	investors	investor	NOUN
gujaf-70	126	6	will	will	AUX
gujaf-70	126	7	recognize	recognize	VERB
gujaf-70	126	8	that	that	SCONJ
gujaf-70	126	9	the	the	DET
gujaf-70	126	10	management	management	NOUN
gujaf-70	126	11	would	would	AUX
gujaf-70	126	12	not	not	PART
gujaf-70	126	13	raise	raise	VERB
gujaf-70	126	14	dividends	dividend	NOUN
gujaf-70	126	15	if	if	SCONJ
gujaf-70	126	16	they	they	PRON
gujaf-70	126	17	can	can	AUX
gujaf-70	126	18	not	not	PART
gujaf-70	126	19	meet	meet	VERB
gujaf-70	126	20	them	they	PRON
gujaf-70	126	21	in	in	ADP
gujaf-70	126	22	the	the	DET
gujaf-70	126	23	future	future	NOUN
gujaf-70	126	24	.	.	PUNCT
gujaf-70	127	1	due	due	ADP
gujaf-70	127	2	to	to	ADP
gujaf-70	127	3	the	the	DET
gujaf-70	127	4	signal	signal	NOUN
gujaf-70	127	5	of	of	ADP
gujaf-70	127	6	good	good	ADJ
gujaf-70	127	7	times	time	NOUN
gujaf-70	127	8	,	,	PUNCT
gujaf-70	127	9	investors	investor	NOUN
gujaf-70	127	10	would	would	AUX
gujaf-70	127	11	buy	buy	VERB
gujaf-70	127	12	multiple	multiple	ADJ
gujaf-70	127	13	shares	share	NOUN
gujaf-70	127	14	,	,	PUNCT
gujaf-70	127	15	increasing	increase	VERB
gujaf-70	127	16	the	the	DET
gujaf-70	127	17	stock	stock	NOUN
gujaf-70	127	18	price	price	NOUN
gujaf-70	127	19	.	.	PUNCT
gujaf-70	128	1	however	however	ADV
gujaf-70	128	2	,	,	PUNCT
gujaf-70	128	3	when	when	SCONJ
gujaf-70	128	4	the	the	DET
gujaf-70	128	5	dividend	dividend	NOUN
gujaf-70	128	6	is	be	AUX
gujaf-70	128	7	cut	cut	VERB
gujaf-70	128	8	,	,	PUNCT
gujaf-70	128	9	the	the	DET
gujaf-70	128	10	company	company	NOUN
gujaf-70	128	11	is	be	AUX
gujaf-70	128	12	depicted	depict	VERB
gujaf-70	128	13	in	in	ADP
gujaf-70	128	14	a	a	DET
gujaf-70	128	15	bad	bad	ADJ
gujaf-70	128	16	mood	mood	NOUN
gujaf-70	128	17	.	.	PUNCT
gujaf-70	129	1	this	this	PRON
gujaf-70	129	2	will	will	AUX
gujaf-70	129	3	result	result	VERB
gujaf-70	129	4	in	in	ADP
gujaf-70	129	5	a	a	DET
gujaf-70	129	6	decline	decline	NOUN
gujaf-70	129	7	in	in	ADP
gujaf-70	129	8	the	the	DET
gujaf-70	129	9	prices	price	NOUN
gujaf-70	129	10	of	of	ADP
gujaf-70	129	11	existing	exist	VERB
gujaf-70	129	12	stock	stock	NOUN
gujaf-70	129	13	,	,	PUNCT
gujaf-70	129	14	as	as	SCONJ
gujaf-70	129	15	traders	trader	NOUN
gujaf-70	129	16	conclude	conclude	VERB
gujaf-70	129	17	that	that	SCONJ
gujaf-70	129	18	hard	hard	ADJ
gujaf-70	129	19	times	time	NOUN
gujaf-70	129	20	are	be	AUX
gujaf-70	129	21	close	close	ADJ
gujaf-70	129	22	.	.	PUNCT
gujaf-70	130	1	bhattacharya	bhattacharya	PROPN
gujaf-70	130	2	(	(	PUNCT
gujaf-70	130	3	1979	1979	NUM
gujaf-70	130	4	)	)	PUNCT
gujaf-70	130	5	and	and	CCONJ
gujaf-70	130	6	miller	miller	PROPN
gujaf-70	130	7	and	and	CCONJ
gujaf-70	130	8	rock	rock	NOUN
gujaf-70	130	9	(	(	PUNCT
gujaf-70	130	10	1985	1985	NUM
gujaf-70	130	11	)	)	PUNCT
gujaf-70	130	12	documented	document	VERB
gujaf-70	130	13	that	that	SCONJ
gujaf-70	130	14	the	the	DET
gujaf-70	130	15	dividend	dividend	NOUN
gujaf-70	130	16	declarations	declaration	NOUN
gujaf-70	130	17	offered	offer	VERB
gujaf-70	130	18	details	detail	NOUN
gujaf-70	130	19	on	on	ADP
gujaf-70	130	20	its	its	PRON
gujaf-70	130	21	prospects	prospect	NOUN
gujaf-70	130	22	.	.	PUNCT
gujaf-70	131	1	dividend	dividend	NOUN
gujaf-70	131	2	details	detail	NOUN
gujaf-70	131	3	and	and	CCONJ
gujaf-70	131	4	the	the	DET
gujaf-70	131	5	declaration	declaration	NOUN
gujaf-70	131	6	of	of	ADP
gujaf-70	131	7	dividends	dividend	NOUN
gujaf-70	131	8	means	mean	VERB
gujaf-70	131	9	that	that	SCONJ
gujaf-70	131	10	the	the	DET
gujaf-70	131	11	company	company	NOUN
gujaf-70	131	12	is	be	AUX
gujaf-70	131	13	in	in	ADP
gujaf-70	131	14	an	an	DET
gujaf-70	131	15	excellent	excellent	ADJ
gujaf-70	131	16	position	position	NOUN
gujaf-70	131	17	to	to	PART
gujaf-70	131	18	raise	raise	VERB
gujaf-70	131	19	share	share	NOUN
gujaf-70	131	20	prices	price	NOUN
gujaf-70	131	21	.	.	PUNCT
gujaf-70	132	1	brickley	brickley	ADJ
gujaf-70	132	2	(	(	PUNCT
gujaf-70	132	3	1983	1983	NUM
gujaf-70	132	4	)	)	PUNCT
gujaf-70	132	5	has	have	AUX
gujaf-70	132	6	shown	show	VERB
gujaf-70	132	7	that	that	SCONJ
gujaf-70	132	8	dividend	dividend	NOUN
gujaf-70	132	9	signaling	signal	VERB
gujaf-70	132	10	might	might	AUX
gujaf-70	132	11	give	give	VERB
gujaf-70	132	12	information	information	NOUN
gujaf-70	132	13	if	if	SCONJ
gujaf-70	132	14	managers	manager	NOUN
gujaf-70	132	15	pay	pay	VERB
gujaf-70	132	16	dividends	dividend	NOUN
gujaf-70	132	17	on	on	ADP
gujaf-70	132	18	a	a	DET
gujaf-70	132	19	daily	daily	ADJ
gujaf-70	132	20	,	,	PUNCT
gujaf-70	132	21	periodic	periodic	ADJ
gujaf-70	132	22	,	,	PUNCT
gujaf-70	132	23	and	and	CCONJ
gujaf-70	132	24	special	special	ADJ
gujaf-70	132	25	basis	basis	NOUN
gujaf-70	132	26	.	.	PUNCT
gujaf-70	133	1	investors	investor	NOUN
gujaf-70	133	2	will	will	AUX
gujaf-70	133	3	see	see	VERB
gujaf-70	133	4	a	a	DET
gujaf-70	133	5	special	special	ADJ
gujaf-70	133	6	dividend	dividend	NOUN
gujaf-70	133	7	declaration	declaration	NOUN
gujaf-70	133	8	as	as	ADP
gujaf-70	133	9	a	a	DET
gujaf-70	133	10	hedged	hedge	VERB
gujaf-70	133	11	managerial	managerial	ADJ
gujaf-70	133	12	signal	signal	NOUN
gujaf-70	133	13	for	for	ADP
gujaf-70	133	14	potential	potential	ADJ
gujaf-70	133	15	profitability	profitability	NOUN
gujaf-70	133	16	.	.	PUNCT
gujaf-70	134	1	easterbrook	easterbrook	NOUN
gujaf-70	134	2	(	(	PUNCT
gujaf-70	134	3	1984	1984	NUM
gujaf-70	134	4	)	)	PUNCT
gujaf-70	134	5	argued	argue	VERB
gujaf-70	134	6	that	that	SCONJ
gujaf-70	134	7	dividends	dividend	NOUN
gujaf-70	134	8	could	could	AUX
gujaf-70	134	9	reduce	reduce	VERB
gujaf-70	134	10	the	the	DET
gujaf-70	134	11	cash	cash	NOUN
gujaf-70	134	12	inflow	inflow	NOUN
gujaf-70	134	13	of	of	ADP
gujaf-70	134	14	the	the	DET
gujaf-70	134	15	manager	manager	NOUN
gujaf-70	134	16	.	.	PUNCT
gujaf-70	135	1	in	in	ADP
gujaf-70	135	2	addition	addition	NOUN
gujaf-70	135	3	,	,	PUNCT
gujaf-70	135	4	dividend	dividend	NOUN
gujaf-70	135	5	payments	payment	NOUN
gujaf-70	135	6	would	would	AUX
gujaf-70	135	7	make	make	VERB
gujaf-70	135	8	the	the	DET
gujaf-70	135	9	company	company	NOUN
gujaf-70	135	10	go	go	VERB
gujaf-70	135	11	to	to	ADP
gujaf-70	135	12	the	the	DET
gujaf-70	135	13	stock	stock	NOUN
gujaf-70	135	14	market	market	NOUN
gujaf-70	135	15	to	to	PART
gujaf-70	135	16	collect	collect	VERB
gujaf-70	135	17	funds	fund	NOUN
gujaf-70	135	18	.	.	PUNCT
gujaf-70	136	1	in	in	ADP
gujaf-70	136	2	this	this	DET
gujaf-70	136	3	case	case	NOUN
gujaf-70	136	4	,	,	PUNCT
gujaf-70	136	5	the	the	DET
gujaf-70	136	6	actions	action	NOUN
gujaf-70	136	7	of	of	ADP
gujaf-70	136	8	managers	manager	NOUN
gujaf-70	136	9	will	will	AUX
gujaf-70	136	10	be	be	AUX
gujaf-70	136	11	controlled	control	VERB
gujaf-70	136	12	by	by	ADP
gujaf-70	136	13	experts	expert	NOUN
gujaf-70	136	14	,	,	PUNCT
gujaf-70	136	15	including	include	VERB
gujaf-70	136	16	bankers	banker	NOUN
gujaf-70	136	17	,	,	PUNCT
gujaf-70	136	18	stockbrokers	stockbroker	NOUN
gujaf-70	136	19	,	,	PUNCT
gujaf-70	136	20	and	and	CCONJ
gujaf-70	136	21	analysts	analyst	NOUN
gujaf-70	136	22	.	.	PUNCT
gujaf-70	137	1	stockholders	stockholder	NOUN
gujaf-70	137	2	are	be	AUX
gujaf-70	137	3	also	also	ADV
gujaf-70	137	4	now	now	ADV
gujaf-70	137	5	observing	observe	VERB
gujaf-70	137	6	managers	manager	NOUN
gujaf-70	137	7	at	at	ADP
gujaf-70	137	8	reduced	reduce	VERB
gujaf-70	137	9	costs	cost	NOUN
gujaf-70	137	10	and	and	CCONJ
gujaf-70	137	11	mitigating	mitigate	VERB
gujaf-70	137	12	any	any	DET
gujaf-70	137	13	collective	collective	ADJ
gujaf-70	137	14	action	action	NOUN
gujaf-70	137	15	difficulties	difficulty	NOUN
gujaf-70	137	16	.	.	PUNCT
gujaf-70	138	1	this	this	PRON
gujaf-70	138	2	claims	claim	VERB
gujaf-70	138	3	that	that	SCONJ
gujaf-70	138	4	stockbrokers	stockbroker	NOUN
gujaf-70	138	5	'	'	PART
gujaf-70	138	6	dividend	dividend	NOUN
gujaf-70	138	7	payments	payment	NOUN
gujaf-70	138	8	increase	increase	VERB
gujaf-70	138	9	the	the	DET
gujaf-70	138	10	management	management	NOUN
gujaf-70	138	11	review	review	NOUN
gujaf-70	138	12	and	and	CCONJ
gujaf-70	138	13	decrease	decrease	VERB
gujaf-70	138	14	the	the	DET
gujaf-70	138	15	probability	probability	NOUN
gujaf-70	138	16	of	of	ADP
gujaf-70	138	17	managers	manager	NOUN
gujaf-70	138	18	behaving	behave	VERB
gujaf-70	138	19	on	on	ADP
gujaf-70	138	20	their	their	PRON
gujaf-70	138	21	behalf	behalf	NOUN
gujaf-70	138	22	.	.	PUNCT
gujaf-70	139	1	jensen	jensen	PROPN
gujaf-70	139	2	(	(	PUNCT
gujaf-70	139	3	1986	1986	NUM
gujaf-70	139	4	)	)	PUNCT
gujaf-70	139	5	again	again	ADV
gujaf-70	139	6	argued	argue	VERB
gujaf-70	139	7	that	that	SCONJ
gujaf-70	139	8	the	the	DET
gujaf-70	139	9	agency	agency	NOUN
gujaf-70	139	10	's	's	PART
gujaf-70	139	11	costs	cost	NOUN
gujaf-70	139	12	could	could	AUX
gujaf-70	139	13	be	be	AUX
gujaf-70	139	14	expurgated	expurgate	VERB
gujaf-70	139	15	by	by	ADP
gujaf-70	139	16	dividend	dividend	NOUN
gujaf-70	139	17	payment	payment	NOUN
gujaf-70	139	18	by	by	ADP
gujaf-70	139	19	reducing	reduce	VERB
gujaf-70	139	20	the	the	DET
gujaf-70	139	21	large	large	ADJ
gujaf-70	139	22	holding	holding	NOUN
gujaf-70	139	23	of	of	ADP
gujaf-70	139	24	excess	excess	ADJ
gujaf-70	139	25	cash	cash	NOUN
gujaf-70	139	26	.	.	PUNCT
gujaf-70	140	1	paying	pay	VERB
gujaf-70	140	2	dividends	dividend	NOUN
gujaf-70	140	3	would	would	AUX
gujaf-70	140	4	minimize	minimize	VERB
gujaf-70	140	5	the	the	DET
gujaf-70	140	6	expenses	expense	NOUN
gujaf-70	140	7	of	of	ADP
gujaf-70	140	8	the	the	DET
gujaf-70	140	9	agency	agency	NOUN
gujaf-70	140	10	because	because	SCONJ
gujaf-70	140	11	the	the	DET
gujaf-70	140	12	free	free	ADJ
gujaf-70	140	13	cash	cash	NOUN
gujaf-70	140	14	flow	flow	NOUN
gujaf-70	140	15	will	will	AUX
gujaf-70	140	16	be	be	AUX
gujaf-70	140	17	limited	limit	VERB
gujaf-70	140	18	.	.	PUNCT
gujaf-70	141	1	however	however	ADV
gujaf-70	141	2	,	,	PUNCT
gujaf-70	141	3	jensen	jensen	PROPN
gujaf-70	141	4	(	(	PUNCT
gujaf-70	141	5	1986	1986	NUM
gujaf-70	141	6	)	)	PUNCT
gujaf-70	141	7	suggests	suggest	VERB
gujaf-70	141	8	that	that	SCONJ
gujaf-70	141	9	surplus	surplus	ADJ
gujaf-70	141	10	cash	cash	NOUN
gujaf-70	141	11	payment	payment	NOUN
gujaf-70	141	12	is	be	AUX
gujaf-70	141	13	a	a	DET
gujaf-70	141	14	valuable	valuable	ADJ
gujaf-70	141	15	method	method	NOUN
gujaf-70	141	16	to	to	PART
gujaf-70	141	17	raise	raise	VERB
gujaf-70	141	18	common	common	ADJ
gujaf-70	141	19	stock	stock	NOUN
gujaf-70	141	20	market	market	NOUN
gujaf-70	141	21	prices	price	NOUN
gujaf-70	141	22	and	and	CCONJ
gujaf-70	141	23	then	then	ADV
gujaf-70	141	24	reduce	reduce	VERB
gujaf-70	141	25	agency	agency	NOUN
gujaf-70	141	26	disputes	dispute	NOUN
gujaf-70	141	27	.	.	PUNCT
gujaf-70	142	1	this	this	DET
gujaf-70	142	2	study	study	NOUN
gujaf-70	142	3	adopts	adopt	VERB
gujaf-70	142	4	the	the	DET
gujaf-70	142	5	signaling	signal	VERB
gujaf-70	142	6	theory	theory	NOUN
gujaf-70	142	7	and	and	CCONJ
gujaf-70	142	8	agency	agency	NOUN
gujaf-70	142	9	costs	cost	NOUN
gujaf-70	142	10	–	–	PUNCT
gujaf-70	142	11	free	free	ADJ
gujaf-70	142	12	cash	cash	NOUN
gujaf-70	142	13	flow	flow	NOUN
gujaf-70	142	14	theory	theory	NOUN
gujaf-70	142	15	because	because	SCONJ
gujaf-70	142	16	dividend	dividend	NOUN
gujaf-70	142	17	payment	payment	NOUN
gujaf-70	142	18	stimulates	stimulate	VERB
gujaf-70	142	19	the	the	DET
gujaf-70	142	20	high	high	ADJ
gujaf-70	142	21	value	value	NOUN
gujaf-70	142	22	of	of	ADP
gujaf-70	142	23	stocks	stock	NOUN
gujaf-70	142	24	.	.	PUNCT
gujaf-70	143	1	also	also	ADV
gujaf-70	143	2	,	,	PUNCT
gujaf-70	143	3	it	it	PRON
gujaf-70	143	4	offers	offer	VERB
gujaf-70	143	5	a	a	DET
gujaf-70	143	6	better	well	ADJ
gujaf-70	143	7	resolution	resolution	NOUN
gujaf-70	143	8	of	of	ADP
gujaf-70	143	9	the	the	DET
gujaf-70	143	10	relationship	relationship	NOUN
gujaf-70	143	11	between	between	ADP
gujaf-70	143	12	principal	principal	NOUN
gujaf-70	143	13	and	and	CCONJ
gujaf-70	143	14	agent	agent	NOUN
gujaf-70	143	15	.	.	PUNCT
gujaf-70	144	1	it	it	PRON
gujaf-70	144	2	is	be	AUX
gujaf-70	144	3	because	because	SCONJ
gujaf-70	144	4	it	it	PRON
gujaf-70	144	5	considers	consider	VERB
gujaf-70	144	6	dividends	dividend	NOUN
gujaf-70	144	7	to	to	PART
gujaf-70	144	8	relieve	relieve	VERB
gujaf-70	144	9	the	the	DET
gujaf-70	144	10	strain	strain	NOUN
gujaf-70	144	11	of	of	ADP
gujaf-70	144	12	organization	organization	NOUN
gujaf-70	144	13	expenses	expense	NOUN
gujaf-70	144	14	by	by	ADP
gujaf-70	144	15	distributing	distribute	VERB
gujaf-70	144	16	free	free	ADJ
gujaf-70	144	17	cash	cash	NOUN
gujaf-70	144	18	flows	flow	NOUN
gujaf-70	144	19	that	that	PRON
gujaf-70	144	20	are	be	AUX
gujaf-70	144	21	not	not	PART
gujaf-70	144	22	more	more	ADV
gujaf-70	144	23	expended	expend	VERB
gujaf-70	144	24	on	on	ADP
gujaf-70	144	25	gusau	gusau	ADJ
gujaf-70	144	26	journal	journal	NOUN
gujaf-70	144	27	of	of	ADP
gujaf-70	144	28	accounting	accounting	NOUN
gujaf-70	144	29	and	and	CCONJ
gujaf-70	144	30	finance	finance	NOUN
gujaf-70	144	31	,	,	PUNCT
gujaf-70	144	32	vol	vol	NOUN
gujaf-70	144	33	.	.	PROPN
gujaf-70	144	34	2	2	NUM
gujaf-70	144	35	,	,	PUNCT
gujaf-70	144	36	issue	issue	NOUN
gujaf-70	144	37	2	2	NUM
gujaf-70	144	38	,	,	PUNCT
gujaf-70	144	39	april	april	PROPN
gujaf-70	144	40	,	,	PUNCT
gujaf-70	144	41	2021	2021	NUM
gujaf-70	144	42	7	7	NUM
gujaf-70	144	43	non	non	ADJ
gujaf-70	144	44	-	-	ADJ
gujaf-70	144	45	profit	profit	ADJ
gujaf-70	144	46	programs	program	NOUN
gujaf-70	144	47	(	(	PUNCT
gujaf-70	144	48	jensen	jensen	PROPN
gujaf-70	144	49	,	,	PUNCT
gujaf-70	144	50	1986	1986	NUM
gujaf-70	144	51	)	)	PUNCT
gujaf-70	144	52	.	.	PUNCT
gujaf-70	145	1	paying	pay	VERB
gujaf-70	145	2	dividends	dividend	NOUN
gujaf-70	145	3	would	would	AUX
gujaf-70	145	4	minimize	minimize	VERB
gujaf-70	145	5	the	the	DET
gujaf-70	145	6	expense	expense	NOUN
gujaf-70	145	7	of	of	ADP
gujaf-70	145	8	the	the	DET
gujaf-70	145	9	agency	agency	NOUN
gujaf-70	145	10	since	since	SCONJ
gujaf-70	145	11	the	the	DET
gujaf-70	145	12	free	free	ADJ
gujaf-70	145	13	cash	cash	NOUN
gujaf-70	145	14	flow	flow	NOUN
gujaf-70	145	15	will	will	AUX
gujaf-70	145	16	be	be	AUX
gujaf-70	145	17	smaller	small	ADJ
gujaf-70	145	18	.	.	PUNCT
gujaf-70	146	1	however	however	ADV
gujaf-70	146	2	,	,	PUNCT
gujaf-70	146	3	paying	pay	VERB
gujaf-70	146	4	dividends	dividend	NOUN
gujaf-70	146	5	is	be	AUX
gujaf-70	146	6	a	a	DET
gujaf-70	146	7	way	way	NOUN
gujaf-70	146	8	to	to	PART
gujaf-70	146	9	reduce	reduce	VERB
gujaf-70	146	10	the	the	DET
gujaf-70	146	11	agency	agency	NOUN
gujaf-70	146	12	's	's	PART
gujaf-70	146	13	costs	cost	NOUN
gujaf-70	146	14	and	and	CCONJ
gujaf-70	146	15	raise	raise	VERB
gujaf-70	146	16	the	the	DET
gujaf-70	146	17	common	common	ADJ
gujaf-70	146	18	stock	stock	NOUN
gujaf-70	146	19	market	market	NOUN
gujaf-70	146	20	price	price	NOUN
gujaf-70	146	21	by	by	ADP
gujaf-70	146	22	paying	pay	VERB
gujaf-70	146	23	dividends	dividend	NOUN
gujaf-70	146	24	.	.	PUNCT
gujaf-70	147	1	3	3	X
gujaf-70	147	2	.	.	X
gujaf-70	147	3	methods	method	NOUN
gujaf-70	147	4	and	and	CCONJ
gujaf-70	147	5	models	model	NOUN
gujaf-70	147	6	the	the	DET
gujaf-70	147	7	study	study	NOUN
gujaf-70	147	8	adopts	adopt	VERB
gujaf-70	147	9	an	an	DET
gujaf-70	147	10	explanatory	explanatory	ADJ
gujaf-70	147	11	research	research	NOUN
gujaf-70	147	12	design	design	NOUN
gujaf-70	147	13	since	since	SCONJ
gujaf-70	147	14	the	the	DET
gujaf-70	147	15	data	datum	NOUN
gujaf-70	147	16	used	use	VERB
gujaf-70	147	17	for	for	ADP
gujaf-70	147	18	the	the	DET
gujaf-70	147	19	study	study	NOUN
gujaf-70	147	20	are	be	AUX
gujaf-70	147	21	quantitative	quantitative	ADJ
gujaf-70	147	22	.	.	PUNCT
gujaf-70	148	1	it	it	PRON
gujaf-70	148	2	uses	use	VERB
gujaf-70	148	3	secondary	secondary	ADJ
gujaf-70	148	4	data	datum	NOUN
gujaf-70	148	5	from	from	ADP
gujaf-70	148	6	the	the	DET
gujaf-70	148	7	sampled	sample	VERB
gujaf-70	148	8	industrialized	industrialized	ADJ
gujaf-70	148	9	listed	list	VERB
gujaf-70	148	10	companies	company	NOUN
gujaf-70	148	11	'	'	PART
gujaf-70	148	12	annual	annual	ADJ
gujaf-70	148	13	reports	report	NOUN
gujaf-70	148	14	filed	file	VERB
gujaf-70	148	15	with	with	ADP
gujaf-70	148	16	the	the	DET
gujaf-70	148	17	security	security	NOUN
gujaf-70	148	18	and	and	CCONJ
gujaf-70	148	19	exchange	exchange	PROPN
gujaf-70	148	20	commission	commission	PROPN
gujaf-70	148	21	(	(	PUNCT
gujaf-70	148	22	sec	sec	PROPN
gujaf-70	148	23	)	)	PUNCT
gujaf-70	148	24	and	and	CCONJ
gujaf-70	148	25	nigeria	nigeria	PROPN
gujaf-70	148	26	stock	stock	PROPN
gujaf-70	148	27	exchange	exchange	PROPN
gujaf-70	148	28	(	(	PUNCT
gujaf-70	148	29	nse	nse	NOUN
gujaf-70	148	30	)	)	PUNCT
gujaf-70	148	31	.	.	PUNCT
gujaf-70	149	1	this	this	DET
gujaf-70	149	2	research	research	NOUN
gujaf-70	149	3	is	be	AUX
gujaf-70	149	4	,	,	PUNCT
gujaf-70	149	5	therefore	therefore	ADV
gujaf-70	149	6	,	,	PUNCT
gujaf-70	149	7	focused	focus	VERB
gujaf-70	149	8	on	on	ADP
gujaf-70	149	9	a	a	DET
gujaf-70	149	10	functional	functional	ADJ
gujaf-70	149	11	and	and	CCONJ
gujaf-70	149	12	positivist	positivist	ADJ
gujaf-70	149	13	model	model	NOUN
gujaf-70	149	14	.	.	PUNCT
gujaf-70	150	1	this	this	DET
gujaf-70	150	2	study	study	NOUN
gujaf-70	150	3	's	's	PART
gujaf-70	150	4	population	population	NOUN
gujaf-70	150	5	covers	cover	VERB
gujaf-70	150	6	the	the	DET
gujaf-70	150	7	six	six	NUM
gujaf-70	150	8	-	-	PUNCT
gujaf-70	150	9	three	three	NUM
gujaf-70	150	10	industrial	industrial	ADJ
gujaf-70	150	11	companies	company	NOUN
gujaf-70	150	12	reported	report	VERB
gujaf-70	150	13	on	on	ADP
gujaf-70	150	14	the	the	DET
gujaf-70	150	15	nse	nse	NOUN
gujaf-70	150	16	as	as	ADP
gujaf-70	150	17	at	at	ADP
gujaf-70	150	18	31	31	NUM
gujaf-70	150	19	december	december	PROPN
gujaf-70	150	20	2019	2019	NUM
gujaf-70	150	21	,	,	PUNCT
gujaf-70	150	22	and	and	CCONJ
gujaf-70	150	23	the	the	DET
gujaf-70	150	24	study	study	NOUN
gujaf-70	150	25	covers	cover	VERB
gujaf-70	150	26	the	the	DET
gujaf-70	150	27	12	12	NUM
gujaf-70	150	28	years	year	NOUN
gujaf-70	150	29	from	from	ADP
gujaf-70	150	30	2008	2008	NUM
gujaf-70	150	31	to	to	ADP
gujaf-70	150	32	2019	2019	NUM
gujaf-70	150	33	.	.	PUNCT
gujaf-70	151	1	this	this	DET
gujaf-70	151	2	research	research	NOUN
gujaf-70	151	3	sampled	sample	VERB
gujaf-70	151	4	a	a	DET
gujaf-70	151	5	stratified	stratified	ADJ
gujaf-70	151	6	random	random	ADJ
gujaf-70	151	7	sample	sample	NOUN
gujaf-70	151	8	of	of	ADP
gujaf-70	151	9	industrial	industrial	ADJ
gujaf-70	151	10	companies	company	NOUN
gujaf-70	151	11	due	due	ADJ
gujaf-70	151	12	to	to	ADP
gujaf-70	151	13	similarities	similarity	NOUN
gujaf-70	151	14	in	in	ADP
gujaf-70	151	15	the	the	DET
gujaf-70	151	16	distribution	distribution	NOUN
gujaf-70	151	17	of	of	ADP
gujaf-70	151	18	assets	asset	NOUN
gujaf-70	151	19	from	from	ADP
gujaf-70	151	20	other	other	ADJ
gujaf-70	151	21	industries	industry	NOUN
gujaf-70	151	22	.	.	PUNCT
gujaf-70	152	1	thus	thus	ADV
gujaf-70	152	2	,	,	PUNCT
gujaf-70	152	3	the	the	DET
gujaf-70	152	4	strata	strata	NOUN
gujaf-70	152	5	are	be	AUX
gujaf-70	152	6	built	build	VERB
gujaf-70	152	7	based	base	VERB
gujaf-70	152	8	on	on	ADP
gujaf-70	152	9	five	five	NUM
gujaf-70	152	10	main	main	ADJ
gujaf-70	152	11	sectors	sector	NOUN
gujaf-70	152	12	with	with	ADP
gujaf-70	152	13	similar	similar	ADJ
gujaf-70	152	14	characteristics	characteristic	NOUN
gujaf-70	152	15	.	.	PUNCT
gujaf-70	153	1	the	the	DET
gujaf-70	153	2	sectors	sector	NOUN
gujaf-70	153	3	are	be	AUX
gujaf-70	153	4	conglomerates	conglomerate	NOUN
gujaf-70	153	5	with	with	ADP
gujaf-70	153	6	six	six	NUM
gujaf-70	153	7	companies	company	NOUN
gujaf-70	153	8	,	,	PUNCT
gujaf-70	153	9	manufacturing	manufacturing	NOUN
gujaf-70	153	10	and	and	CCONJ
gujaf-70	153	11	real	real	ADJ
gujaf-70	153	12	estate	estate	NOUN
gujaf-70	153	13	with	with	ADP
gujaf-70	153	14	seven	seven	NUM
gujaf-70	153	15	companies	company	NOUN
gujaf-70	153	16	,	,	PUNCT
gujaf-70	153	17	consumer	consumer	NOUN
gujaf-70	153	18	goods	good	NOUN
gujaf-70	153	19	with	with	ADP
gujaf-70	153	20	twenty	twenty	NUM
gujaf-70	153	21	-	-	PUNCT
gujaf-70	153	22	six	six	NUM
gujaf-70	153	23	companies	company	NOUN
gujaf-70	153	24	,	,	PUNCT
gujaf-70	153	25	manufactured	manufacture	VERB
gujaf-70	153	26	goods	good	NOUN
gujaf-70	153	27	with	with	ADP
gujaf-70	153	28	nineteen	nineteen	NUM
gujaf-70	153	29	companies	company	NOUN
gujaf-70	153	30	,	,	PUNCT
gujaf-70	153	31	and	and	CCONJ
gujaf-70	153	32	natural	natural	ADJ
gujaf-70	153	33	resources	resource	NOUN
gujaf-70	153	34	with	with	ADP
gujaf-70	153	35	five	five	NUM
gujaf-70	153	36	companies	company	NOUN
gujaf-70	153	37	.	.	PUNCT
gujaf-70	154	1	based	base	VERB
gujaf-70	154	2	on	on	ADP
gujaf-70	154	3	the	the	DET
gujaf-70	154	4	selection	selection	NOUN
gujaf-70	154	5	criteria	criterion	NOUN
gujaf-70	154	6	,	,	PUNCT
gujaf-70	154	7	fifty	fifty	NUM
gujaf-70	154	8	-	-	PUNCT
gujaf-70	154	9	one	one	NUM
gujaf-70	154	10	sample	sample	NOUN
gujaf-70	154	11	sizes	size	NOUN
gujaf-70	154	12	arrived	arrive	VERB
gujaf-70	154	13	after	after	ADP
gujaf-70	154	14	excluding	exclude	VERB
gujaf-70	154	15	firms	firm	NOUN
gujaf-70	154	16	deemed	deem	VERB
gujaf-70	154	17	unsuitable	unsuitable	ADJ
gujaf-70	154	18	in	in	ADP
gujaf-70	154	19	this	this	DET
gujaf-70	154	20	report	report	NOUN
gujaf-70	154	21	.	.	PUNCT
gujaf-70	155	1	conglomerate	conglomerate	NOUN
gujaf-70	155	2	companies	company	NOUN
gujaf-70	155	3	were	be	AUX
gujaf-70	155	4	censored	censor	VERB
gujaf-70	155	5	because	because	SCONJ
gujaf-70	155	6	of	of	ADP
gujaf-70	155	7	the	the	DET
gujaf-70	155	8	availability	availability	NOUN
gujaf-70	155	9	of	of	ADP
gujaf-70	155	10	information	information	NOUN
gujaf-70	155	11	;	;	PUNCT
gujaf-70	155	12	four	four	NUM
gujaf-70	155	13	companies	company	NOUN
gujaf-70	155	14	were	be	AUX
gujaf-70	155	15	selected	select	VERB
gujaf-70	155	16	from	from	ADP
gujaf-70	155	17	the	the	DET
gujaf-70	155	18	construction	construction	NOUN
gujaf-70	155	19	and	and	CCONJ
gujaf-70	155	20	real	real	ADJ
gujaf-70	155	21	sector	sector	NOUN
gujaf-70	155	22	,	,	PUNCT
gujaf-70	155	23	twenty	twenty	NUM
gujaf-70	155	24	-	-	PUNCT
gujaf-70	155	25	three	three	NUM
gujaf-70	155	26	were	be	AUX
gujaf-70	155	27	selected	select	VERB
gujaf-70	155	28	from	from	ADP
gujaf-70	155	29	the	the	DET
gujaf-70	155	30	consumer	consumer	NOUN
gujaf-70	155	31	goods	good	NOUN
gujaf-70	155	32	sector	sector	NOUN
gujaf-70	155	33	,	,	PUNCT
gujaf-70	155	34	fourteen	fourteen	NUM
gujaf-70	155	35	selected	select	VERB
gujaf-70	155	36	companies	company	NOUN
gujaf-70	155	37	from	from	ADP
gujaf-70	155	38	the	the	DET
gujaf-70	155	39	industrial	industrial	ADJ
gujaf-70	155	40	goods	good	NOUN
gujaf-70	155	41	sector	sector	NOUN
gujaf-70	155	42	,	,	PUNCT
gujaf-70	155	43	and	and	CCONJ
gujaf-70	155	44	four	four	NUM
gujaf-70	155	45	selected	select	VERB
gujaf-70	155	46	companies	company	NOUN
gujaf-70	155	47	’	’	PART
gujaf-70	155	48	natural	natural	ADJ
gujaf-70	155	49	resources	resource	NOUN
gujaf-70	155	50	sector	sector	NOUN
gujaf-70	155	51	.	.	PUNCT
gujaf-70	156	1	thus	thus	ADV
gujaf-70	156	2	,	,	PUNCT
gujaf-70	156	3	the	the	DET
gujaf-70	156	4	companies	company	NOUN
gujaf-70	156	5	whose	whose	DET
gujaf-70	156	6	shares	share	NOUN
gujaf-70	156	7	were	be	AUX
gujaf-70	156	8	listed	list	VERB
gujaf-70	156	9	before	before	ADP
gujaf-70	156	10	the	the	DET
gujaf-70	156	11	end	end	NOUN
gujaf-70	156	12	of	of	ADP
gujaf-70	156	13	the	the	DET
gujaf-70	156	14	research	research	NOUN
gujaf-70	156	15	period	period	NOUN
gujaf-70	156	16	were	be	AUX
gujaf-70	156	17	excluded	exclude	VERB
gujaf-70	156	18	from	from	ADP
gujaf-70	156	19	the	the	DET
gujaf-70	156	20	study	study	NOUN
gujaf-70	156	21	because	because	SCONJ
gujaf-70	156	22	,	,	PUNCT
gujaf-70	156	23	for	for	SCONJ
gujaf-70	156	24	the	the	DET
gujaf-70	156	25	company	company	NOUN
gujaf-70	156	26	to	to	PART
gujaf-70	156	27	count	count	VERB
gujaf-70	156	28	as	as	ADP
gujaf-70	156	29	a	a	DET
gujaf-70	156	30	sample	sample	NOUN
gujaf-70	156	31	,	,	PUNCT
gujaf-70	156	32	the	the	DET
gujaf-70	156	33	company	company	NOUN
gujaf-70	156	34	's	's	PART
gujaf-70	156	35	shares	share	NOUN
gujaf-70	156	36	must	must	AUX
gujaf-70	156	37	be	be	AUX
gujaf-70	156	38	listed	list	VERB
gujaf-70	156	39	for	for	ADP
gujaf-70	156	40	the	the	DET
gujaf-70	156	41	entire	entire	ADJ
gujaf-70	156	42	study	study	NOUN
gujaf-70	156	43	period	period	NOUN
gujaf-70	156	44	.	.	PUNCT
gujaf-70	157	1	they	they	PRON
gujaf-70	157	2	must	must	AUX
gujaf-70	157	3	have	have	AUX
gujaf-70	157	4	submitted	submit	VERB
gujaf-70	157	5	their	their	PRON
gujaf-70	157	6	reported	report	VERB
gujaf-70	157	7	audited	audit	VERB
gujaf-70	157	8	financial	financial	ADJ
gujaf-70	157	9	statements	statement	NOUN
gujaf-70	157	10	to	to	ADP
gujaf-70	157	11	the	the	DET
gujaf-70	157	12	nigeria	nigeria	PROPN
gujaf-70	157	13	stock	stock	PROPN
gujaf-70	157	14	exchange	exchange	PROPN
gujaf-70	157	15	(	(	PUNCT
gujaf-70	157	16	nse	nse	NOUN
gujaf-70	157	17	)	)	PUNCT
gujaf-70	157	18	for	for	ADP
gujaf-70	157	19	the	the	DET
gujaf-70	157	20	entire	entire	ADJ
gujaf-70	157	21	duration	duration	NOUN
gujaf-70	157	22	.	.	PUNCT
gujaf-70	158	1	the	the	DET
gujaf-70	158	2	study	study	NOUN
gujaf-70	158	3	examined	examine	VERB
gujaf-70	158	4	the	the	DET
gujaf-70	158	5	listed	list	VERB
gujaf-70	158	6	industrial	industrial	ADJ
gujaf-70	158	7	firms	firm	NOUN
gujaf-70	158	8	because	because	SCONJ
gujaf-70	158	9	the	the	DET
gujaf-70	158	10	manufacturing	manufacturing	NOUN
gujaf-70	158	11	sector	sector	NOUN
gujaf-70	158	12	is	be	AUX
gujaf-70	158	13	fundamental	fundamental	ADJ
gujaf-70	158	14	to	to	ADP
gujaf-70	158	15	the	the	DET
gujaf-70	158	16	economic	economic	ADJ
gujaf-70	158	17	development	development	NOUN
gujaf-70	158	18	of	of	ADP
gujaf-70	158	19	any	any	DET
gujaf-70	158	20	country	country	NOUN
gujaf-70	158	21	's	's	PART
gujaf-70	158	22	economy	economy	NOUN
gujaf-70	158	23	through	through	ADP
gujaf-70	158	24	its	its	PRON
gujaf-70	158	25	immense	immense	ADJ
gujaf-70	158	26	contribution	contribution	NOUN
gujaf-70	158	27	to	to	ADP
gujaf-70	158	28	national	national	PROPN
gujaf-70	158	29	gdp	gdp	NOUN
gujaf-70	158	30	and	and	CCONJ
gujaf-70	158	31	its	its	PRON
gujaf-70	158	32	ability	ability	NOUN
gujaf-70	158	33	to	to	PART
gujaf-70	158	34	generate	generate	VERB
gujaf-70	158	35	jobs	job	NOUN
gujaf-70	158	36	.	.	PUNCT
gujaf-70	159	1	this	this	PRON
gujaf-70	159	2	is	be	AUX
gujaf-70	159	3	an	an	DET
gujaf-70	159	4	environment	environment	NOUN
gujaf-70	159	5	that	that	PRON
gujaf-70	159	6	has	have	AUX
gujaf-70	159	7	drawn	draw	VERB
gujaf-70	159	8	investors	investor	NOUN
gujaf-70	159	9	(	(	PUNCT
gujaf-70	159	10	foreign	foreign	ADJ
gujaf-70	159	11	and	and	CCONJ
gujaf-70	159	12	domestic	domestic	ADJ
gujaf-70	159	13	)	)	PUNCT
gujaf-70	159	14	in	in	ADP
gujaf-70	159	15	recent	recent	ADJ
gujaf-70	159	16	times	time	NOUN
gujaf-70	159	17	.	.	PUNCT
gujaf-70	160	1	table	table	NOUN
gujaf-70	160	2	1	1	NUM
gujaf-70	160	3	:	:	PUNCT
gujaf-70	160	4	operationalization	operationalization	NOUN
gujaf-70	160	5	of	of	ADP
gujaf-70	160	6	variables	variable	NOUN
gujaf-70	160	7	and	and	CCONJ
gujaf-70	160	8	measurement	measurement	NOUN
gujaf-70	160	9	variable	variable	ADJ
gujaf-70	160	10	measurement	measurement	NOUN
gujaf-70	160	11	market	market	NOUN
gujaf-70	160	12	price	price	NOUN
gujaf-70	160	13	of	of	ADP
gujaf-70	160	14	common	common	ADJ
gujaf-70	160	15	stock	stock	NOUN
gujaf-70	160	16	(	(	PUNCT
gujaf-70	160	17	mps	mps	PROPN
gujaf-70	160	18	)	)	PUNCT
gujaf-70	160	19	the	the	DET
gujaf-70	160	20	year	year	NOUN
gujaf-70	160	21	's	's	PART
gujaf-70	160	22	opening	opening	NOUN
gujaf-70	160	23	price	price	NOUN
gujaf-70	160	24	plus	plus	CCONJ
gujaf-70	160	25	the	the	DET
gujaf-70	160	26	ending	end	VERB
gujaf-70	160	27	price	price	NOUN
gujaf-70	160	28	of	of	ADP
gujaf-70	160	29	the	the	DET
gujaf-70	160	30	year	year	NOUN
gujaf-70	160	31	divided	divide	VERB
gujaf-70	160	32	by	by	ADP
gujaf-70	160	33	two	two	NUM
gujaf-70	160	34	,	,	PUNCT
gujaf-70	160	35	as	as	SCONJ
gujaf-70	160	36	used	use	VERB
gujaf-70	160	37	by	by	ADP
gujaf-70	160	38	azhagaiah	azhagaiah	NOUN
gujaf-70	160	39	and	and	CCONJ
gujaf-70	160	40	sabaripriya	sabaripriya	PROPN
gujaf-70	160	41	(	(	PUNCT
gujaf-70	160	42	2008	2008	NUM
gujaf-70	160	43	)	)	PUNCT
gujaf-70	160	44	,	,	PUNCT
gujaf-70	160	45	bawa	bawa	PROPN
gujaf-70	160	46	,	,	PUNCT
gujaf-70	160	47	and	and	CCONJ
gujaf-70	160	48	kmaur	kmaur	PROPN
gujaf-70	160	49	(	(	PUNCT
gujaf-70	160	50	2013	2013	NUM
gujaf-70	160	51	)	)	PUNCT
gujaf-70	160	52	.	.	PUNCT
gujaf-70	161	1	dividend	dividend	NOUN
gujaf-70	161	2	payout	payout	NOUN
gujaf-70	161	3	ratio	ratio	NOUN
gujaf-70	161	4	(	(	PUNCT
gujaf-70	161	5	dpr	dpr	PROPN
gujaf-70	161	6	)	)	PUNCT
gujaf-70	161	7	the	the	DET
gujaf-70	161	8	dividend	dividend	NOUN
gujaf-70	161	9	payout	payout	NOUN
gujaf-70	161	10	ratio	ratio	NOUN
gujaf-70	161	11	is	be	AUX
gujaf-70	161	12	measured	measure	VERB
gujaf-70	161	13	as	as	ADP
gujaf-70	161	14	dividend	dividend	NOUN
gujaf-70	161	15	per	per	ADP
gujaf-70	161	16	share	share	NOUN
gujaf-70	161	17	divided	divide	VERB
gujaf-70	161	18	by	by	ADP
gujaf-70	161	19	earnings	earning	NOUN
gujaf-70	161	20	per	per	ADP
gujaf-70	161	21	share	share	NOUN
gujaf-70	161	22	as	as	SCONJ
gujaf-70	161	23	used	use	VERB
gujaf-70	161	24	by	by	ADP
gujaf-70	161	25	suwabe	suwabe	NOUN
gujaf-70	161	26	(	(	PUNCT
gujaf-70	161	27	2006	2006	NUM
gujaf-70	161	28	)	)	PUNCT
gujaf-70	161	29	,	,	PUNCT
gujaf-70	161	30	mokaya	mokaya	VERB
gujaf-70	161	31	et	et	PROPN
gujaf-70	161	32	al	al	PROPN
gujaf-70	161	33	.	.	PROPN
gujaf-70	161	34	,	,	PUNCT
gujaf-70	161	35	(	(	PUNCT
gujaf-70	161	36	2013	2013	NUM
gujaf-70	161	37	)	)	PUNCT
gujaf-70	161	38	gejalakshmi	gejalakshmi	NOUN
gujaf-70	161	39	and	and	CCONJ
gujaf-70	161	40	azhagaiah	azhagaiah	NOUN
gujaf-70	161	41	(	(	PUNCT
gujaf-70	161	42	2015	2015	NUM
gujaf-70	161	43	)	)	PUNCT
gujaf-70	161	44	.	.	PUNCT
gujaf-70	162	1	profitability(prf	profitability(prf	NOUN
gujaf-70	162	2	)	)	PUNCT
gujaf-70	162	3	percentage	percentage	NOUN
gujaf-70	162	4	of	of	ADP
gujaf-70	162	5	profit	profit	NOUN
gujaf-70	162	6	after	after	ADP
gujaf-70	162	7	tax	tax	NOUN
gujaf-70	162	8	divided	divide	VERB
gujaf-70	162	9	by	by	ADP
gujaf-70	162	10	shareholders	shareholder	NOUN
gujaf-70	162	11	equity	equity	NOUN
gujaf-70	162	12	as	as	ADP
gujaf-70	162	13	salawudeen	salawudeen	NOUN
gujaf-70	162	14	(	(	PUNCT
gujaf-70	162	15	2017	2017	NUM
gujaf-70	162	16	)	)	PUNCT
gujaf-70	162	17	and	and	CCONJ
gujaf-70	162	18	kamaludeen	kamaludeen	VERB
gujaf-70	162	19	and	and	CCONJ
gujaf-70	162	20	salawudeen	salawudeen	PROPN
gujaf-70	162	21	(	(	PUNCT
gujaf-70	162	22	2017	2017	NUM
gujaf-70	162	23	)	)	PUNCT
gujaf-70	162	24	leverage	leverage	NOUN
gujaf-70	162	25	(	(	PUNCT
gujaf-70	162	26	lev	lev	NOUN
gujaf-70	162	27	)	)	PUNCT
gujaf-70	162	28	leverage	leverage	NOUN
gujaf-70	162	29	is	be	AUX
gujaf-70	162	30	measured	measure	VERB
gujaf-70	162	31	as	as	ADP
gujaf-70	162	32	total	total	ADJ
gujaf-70	162	33	debt	debt	NOUN
gujaf-70	162	34	divided	divide	VERB
gujaf-70	162	35	by	by	ADP
gujaf-70	162	36	total	total	ADJ
gujaf-70	162	37	assets	asset	NOUN
gujaf-70	162	38	as	as	SCONJ
gujaf-70	162	39	used	use	VERB
gujaf-70	162	40	by	by	ADP
gujaf-70	162	41	salawudeen	salawudeen	PROPN
gujaf-70	162	42	et	et	PROPN
gujaf-70	162	43	al	al	PROPN
gujaf-70	162	44	.	.	PROPN
gujaf-70	162	45	,	,	PUNCT
gujaf-70	162	46	(	(	PUNCT
gujaf-70	162	47	2018	2018	NUM
gujaf-70	162	48	)	)	PUNCT
gujaf-70	162	49	,	,	PUNCT
gujaf-70	162	50	al	al	PROPN
gujaf-70	162	51	-	-	PUNCT
gujaf-70	162	52	msum	msum	NOUN
gujaf-70	162	53	(	(	PUNCT
gujaf-70	162	54	2014	2014	NUM
gujaf-70	162	55	)	)	PUNCT
gujaf-70	162	56	,	,	PUNCT
gujaf-70	162	57	waithaka	waithaka	NOUN
gujaf-70	162	58	et	et	PROPN
gujaf-70	162	59	al	al	PROPN
gujaf-70	162	60	.	.	PROPN
gujaf-70	162	61	,	,	PUNCT
gujaf-70	162	62	(	(	PUNCT
gujaf-70	162	63	2012	2012	NUM
gujaf-70	162	64	)	)	PUNCT
gujaf-70	162	65	firm	firm	ADJ
gujaf-70	162	66	size	size	NOUN
gujaf-70	162	67	(	(	PUNCT
gujaf-70	162	68	fsz	fsz	NOUN
gujaf-70	162	69	)	)	PUNCT
gujaf-70	162	70	the	the	DET
gujaf-70	162	71	firm	firm	NOUN
gujaf-70	162	72	's	's	PART
gujaf-70	162	73	size	size	NOUN
gujaf-70	162	74	is	be	AUX
gujaf-70	162	75	evaluated	evaluate	VERB
gujaf-70	162	76	by	by	ADP
gujaf-70	162	77	the	the	DET
gujaf-70	162	78	natural	natural	ADJ
gujaf-70	162	79	log	log	NOUN
gujaf-70	162	80	of	of	ADP
gujaf-70	162	81	total	total	ADJ
gujaf-70	162	82	assets	asset	NOUN
gujaf-70	162	83	gusau	gusau	ADJ
gujaf-70	162	84	journal	journal	NOUN
gujaf-70	162	85	of	of	ADP
gujaf-70	162	86	accounting	accounting	NOUN
gujaf-70	162	87	and	and	CCONJ
gujaf-70	162	88	finance	finance	NOUN
gujaf-70	162	89	,	,	PUNCT
gujaf-70	162	90	vol	vol	NOUN
gujaf-70	162	91	.	.	PROPN
gujaf-70	162	92	2	2	NUM
gujaf-70	162	93	,	,	PUNCT
gujaf-70	162	94	issue	issue	NOUN
gujaf-70	162	95	2	2	NUM
gujaf-70	162	96	,	,	PUNCT
gujaf-70	162	97	april	april	PROPN
gujaf-70	162	98	,	,	PUNCT
gujaf-70	162	99	2021	2021	NUM
gujaf-70	162	100	8	8	NUM
gujaf-70	162	101	used	use	VERB
gujaf-70	162	102	by	by	ADP
gujaf-70	162	103	gawad	gawad	PROPN
gujaf-70	162	104	et	et	PROPN
gujaf-70	162	105	al	al	PROPN
gujaf-70	162	106	.	.	PROPN
gujaf-70	162	107	,	,	PUNCT
gujaf-70	162	108	(	(	PUNCT
gujaf-70	162	109	2012	2012	NUM
gujaf-70	162	110	)	)	PUNCT
gujaf-70	162	111	,	,	PUNCT
gujaf-70	162	112	waithaka	waithaka	NOUN
gujaf-70	162	113	et	et	PROPN
gujaf-70	162	114	al	al	PROPN
gujaf-70	162	115	.	.	PROPN
gujaf-70	162	116	,	,	PUNCT
gujaf-70	162	117	(	(	PUNCT
gujaf-70	162	118	2012	2012	NUM
gujaf-70	162	119	)	)	PUNCT
gujaf-70	162	120	.	.	PUNCT
gujaf-70	163	1	growth	growth	NOUN
gujaf-70	163	2	(	(	PUNCT
gujaf-70	163	3	gwt	gwt	ADJ
gujaf-70	163	4	)	)	PUNCT
gujaf-70	163	5	growth	growth	NOUN
gujaf-70	163	6	is	be	AUX
gujaf-70	163	7	measured	measure	VERB
gujaf-70	163	8	by	by	ADP
gujaf-70	163	9	the	the	DET
gujaf-70	163	10	natural	natural	ADJ
gujaf-70	163	11	log	log	NOUN
gujaf-70	163	12	of	of	ADP
gujaf-70	163	13	sales	sale	NOUN
gujaf-70	163	14	revenue	revenue	NOUN
gujaf-70	163	15	as	as	SCONJ
gujaf-70	163	16	used	use	VERB
gujaf-70	163	17	by	by	ADP
gujaf-70	163	18	da	da	PROPN
gujaf-70	163	19	silva	silva	PROPN
gujaf-70	163	20	et	et	PROPN
gujaf-70	163	21	al	al	PROPN
gujaf-70	163	22	.	.	PROPN
gujaf-70	163	23	,	,	PUNCT
gujaf-70	163	24	(	(	PUNCT
gujaf-70	163	25	2004	2004	NUM
gujaf-70	163	26	)	)	PUNCT
gujaf-70	163	27	,	,	PUNCT
gujaf-70	163	28	farinha	farinha	NOUN
gujaf-70	163	29	,	,	PUNCT
gujaf-70	163	30	(	(	PUNCT
gujaf-70	163	31	2003	2003	NUM
gujaf-70	163	32	)	)	PUNCT
gujaf-70	163	33	,	,	PUNCT
gujaf-70	163	34	and	and	CCONJ
gujaf-70	163	35	grullon	grullon	PROPN
gujaf-70	163	36	et	et	PROPN
gujaf-70	163	37	al	al	PROPN
gujaf-70	163	38	.	.	PROPN
gujaf-70	163	39	,	,	PUNCT
gujaf-70	163	40	(	(	PUNCT
gujaf-70	163	41	2002	2002	NUM
gujaf-70	163	42	)	)	PUNCT
gujaf-70	163	43	.	.	PUNCT
gujaf-70	164	1	age	age	NOUN
gujaf-70	164	2	(	(	PUNCT
gujaf-70	164	3	age	age	NOUN
gujaf-70	164	4	)	)	PUNCT
gujaf-70	164	5	age	age	NOUN
gujaf-70	164	6	is	be	AUX
gujaf-70	164	7	measured	measure	VERB
gujaf-70	164	8	by	by	ADP
gujaf-70	164	9	the	the	DET
gujaf-70	164	10	natural	natural	ADJ
gujaf-70	164	11	log	log	NOUN
gujaf-70	164	12	of	of	ADP
gujaf-70	164	13	several	several	ADJ
gujaf-70	164	14	years	year	NOUN
gujaf-70	164	15	since	since	SCONJ
gujaf-70	164	16	start	start	NOUN
gujaf-70	164	17	-	-	PUNCT
gujaf-70	164	18	up	up	NOUN
gujaf-70	164	19	.	.	PUNCT
gujaf-70	165	1	salwudeen	salwudeen	PROPN
gujaf-70	165	2	and	and	CCONJ
gujaf-70	165	3	suleiman	suleiman	PROPN
gujaf-70	165	4	(	(	PUNCT
gujaf-70	165	5	2018	2018	NUM
gujaf-70	165	6	)	)	PUNCT
gujaf-70	165	7	and	and	CCONJ
gujaf-70	165	8	sawar	sawar	NOUN
gujaf-70	165	9	and	and	CCONJ
gujaf-70	165	10	salman	salman	PROPN
gujaf-70	165	11	(	(	PUNCT
gujaf-70	165	12	2013	2013	NUM
gujaf-70	165	13	)	)	PUNCT
gujaf-70	165	14	source	source	NOUN
gujaf-70	165	15	:	:	PUNCT
gujaf-70	165	16	researchers	researcher	NOUN
gujaf-70	165	17	’	'	PUNCT
gujaf-70	165	18	compilation	compilation	NOUN
gujaf-70	165	19	2020	2020	NUM
gujaf-70	166	1	this	this	DET
gujaf-70	166	2	study	study	NOUN
gujaf-70	166	3	used	use	VERB
gujaf-70	166	4	a	a	DET
gujaf-70	166	5	panel	panel	NOUN
gujaf-70	166	6	regression	regression	NOUN
gujaf-70	166	7	analysis	analysis	NOUN
gujaf-70	166	8	(	(	PUNCT
gujaf-70	166	9	ols	ol	NOUN
gujaf-70	166	10	and	and	CCONJ
gujaf-70	166	11	gls	gls	ADJ
gujaf-70	166	12	-	-	PUNCT
gujaf-70	166	13	random	random	ADJ
gujaf-70	166	14	effect	effect	NOUN
gujaf-70	166	15	)	)	PUNCT
gujaf-70	166	16	to	to	PART
gujaf-70	166	17	assess	assess	VERB
gujaf-70	166	18	the	the	DET
gujaf-70	166	19	variability	variability	NOUN
gujaf-70	166	20	of	of	ADP
gujaf-70	166	21	the	the	DET
gujaf-70	166	22	dependent	dependent	ADJ
gujaf-70	166	23	variables	variable	NOUN
gujaf-70	166	24	of	of	ADP
gujaf-70	166	25	the	the	DET
gujaf-70	166	26	common	common	ADJ
gujaf-70	166	27	stock	stock	NOUN
gujaf-70	166	28	market	market	NOUN
gujaf-70	166	29	price	price	NOUN
gujaf-70	166	30	due	due	ADP
gujaf-70	166	31	to	to	ADP
gujaf-70	166	32	changes	change	NOUN
gujaf-70	166	33	in	in	ADP
gujaf-70	166	34	any	any	DET
gujaf-70	166	35	explanatory	explanatory	ADJ
gujaf-70	166	36	variables	variable	NOUN
gujaf-70	166	37	of	of	ADP
gujaf-70	166	38	the	the	DET
gujaf-70	166	39	dividend	dividend	NOUN
gujaf-70	166	40	payout	payout	NOUN
gujaf-70	166	41	ratio	ratio	NOUN
gujaf-70	166	42	,	,	PUNCT
gujaf-70	166	43	profitability	profitability	NOUN
gujaf-70	166	44	,	,	PUNCT
gujaf-70	166	45	leverage	leverage	NOUN
gujaf-70	166	46	,	,	PUNCT
gujaf-70	166	47	firm	firm	ADJ
gujaf-70	166	48	size	size	NOUN
gujaf-70	166	49	,	,	PUNCT
gujaf-70	166	50	growth	growth	NOUN
gujaf-70	166	51	and	and	CCONJ
gujaf-70	166	52	age	age	NOUN
gujaf-70	166	53	.	.	PUNCT
gujaf-70	167	1	the	the	DET
gujaf-70	167	2	panel	panel	NOUN
gujaf-70	167	3	data	datum	NOUN
gujaf-70	167	4	of	of	ADP
gujaf-70	167	5	fifty	fifty	NUM
gujaf-70	167	6	-	-	PUNCT
gujaf-70	167	7	one	one	NUM
gujaf-70	167	8	(	(	PUNCT
gujaf-70	167	9	51	51	NUM
gujaf-70	167	10	)	)	PUNCT
gujaf-70	167	11	companies	company	NOUN
gujaf-70	167	12	for	for	ADP
gujaf-70	167	13	twelve	twelve	NUM
gujaf-70	167	14	(	(	PUNCT
gujaf-70	167	15	12	12	NUM
gujaf-70	167	16	)	)	PUNCT
gujaf-70	167	17	years	year	NOUN
gujaf-70	167	18	were	be	AUX
gujaf-70	167	19	used	use	VERB
gujaf-70	167	20	to	to	PART
gujaf-70	167	21	interpret	interpret	VERB
gujaf-70	167	22	the	the	DET
gujaf-70	167	23	study	study	NOUN
gujaf-70	167	24	's	's	PART
gujaf-70	167	25	data	datum	NOUN
gujaf-70	167	26	due	due	ADP
gujaf-70	167	27	to	to	ADP
gujaf-70	167	28	its	its	PRON
gujaf-70	167	29	longitudinal	longitudinal	ADJ
gujaf-70	167	30	nature	nature	NOUN
gujaf-70	167	31	.	.	PUNCT
gujaf-70	168	1	thus	thus	ADV
gujaf-70	168	2	,	,	PUNCT
gujaf-70	168	3	in	in	ADP
gujaf-70	168	4	line	line	NOUN
gujaf-70	168	5	with	with	ADP
gujaf-70	168	6	previous	previous	ADJ
gujaf-70	168	7	research	research	NOUN
gujaf-70	168	8	,	,	PUNCT
gujaf-70	168	9	such	such	ADJ
gujaf-70	168	10	as	as	ADP
gujaf-70	168	11	sawar	sawar	NOUN
gujaf-70	168	12	and	and	CCONJ
gujaf-70	168	13	naseem	naseem	PROPN
gujaf-70	168	14	's	's	PART
gujaf-70	168	15	(	(	PUNCT
gujaf-70	168	16	2014	2014	NUM
gujaf-70	168	17	)	)	PUNCT
gujaf-70	168	18	work	work	NOUN
gujaf-70	168	19	and	and	CCONJ
gujaf-70	168	20	azhagaiah	azhagaiah	NOUN
gujaf-70	168	21	and	and	CCONJ
gujaf-70	168	22	sabari	sabari	PROPN
gujaf-70	168	23	priya	priya	PROPN
gujaf-70	168	24	's	's	PART
gujaf-70	168	25	work	work	NOUN
gujaf-70	168	26	(	(	PUNCT
gujaf-70	168	27	2008	2008	NUM
gujaf-70	168	28	)	)	PUNCT
gujaf-70	168	29	.	.	PUNCT
gujaf-70	169	1	for	for	ADP
gujaf-70	169	2	the	the	DET
gujaf-70	169	3	analysis	analysis	NOUN
gujaf-70	169	4	,	,	PUNCT
gujaf-70	169	5	the	the	DET
gujaf-70	169	6	following	follow	VERB
gujaf-70	169	7	regression	regression	NOUN
gujaf-70	169	8	model	model	NOUN
gujaf-70	169	9	was	be	AUX
gujaf-70	169	10	adapted	adapt	VERB
gujaf-70	169	11	from	from	ADP
gujaf-70	169	12	sawar	sawar	NOUN
gujaf-70	169	13	and	and	CCONJ
gujaf-70	169	14	naseem	naseem	PROPN
gujaf-70	169	15	(	(	PUNCT
gujaf-70	169	16	2014	2014	NUM
gujaf-70	169	17	)	)	PUNCT
gujaf-70	169	18	;	;	PUNCT
gujaf-70	169	19	azhagaiah	azhagaiah	NOUN
gujaf-70	169	20	and	and	CCONJ
gujaf-70	169	21	sabaripriya	sabaripriya	PROPN
gujaf-70	169	22	(	(	PUNCT
gujaf-70	169	23	2008	2008	NUM
gujaf-70	169	24	)	)	PUNCT
gujaf-70	169	25	.	.	PUNCT
gujaf-70	170	1	mps	mps	PROPN
gujaf-70	171	1	=	=	SYM
gujaf-70	171	2	f	f	PROPN
gujaf-70	171	3	(	(	PUNCT
gujaf-70	171	4	dpr	dpr	PROPN
gujaf-70	171	5	,	,	PUNCT
gujaf-70	171	6	prf	prf	PROPN
gujaf-70	171	7	,	,	PUNCT
gujaf-70	171	8	lev	lev	NOUN
gujaf-70	171	9	,	,	PUNCT
gujaf-70	171	10	fsz	fsz	NOUN
gujaf-70	171	11	,	,	PUNCT
gujaf-70	171	12	gwt	gwt	ADJ
gujaf-70	171	13	,	,	PUNCT
gujaf-70	171	14	and	and	CCONJ
gujaf-70	171	15	age	age	NOUN
gujaf-70	171	16	)	)	PUNCT
gujaf-70	171	17	…	…	PUNCT
gujaf-70	171	18	…	…	PUNCT
gujaf-70	171	19	…	…	PUNCT
gujaf-70	171	20	…	…	PUNCT
gujaf-70	171	21	…	…	PUNCT
gujaf-70	171	22	…	…	PUNCT
gujaf-70	171	23	…	…	PUNCT
gujaf-70	171	24	…	…	PUNCT
gujaf-70	171	25	…	…	PUNCT
gujaf-70	171	26	…	…	PUNCT
gujaf-70	171	27	…	…	PUNCT
gujaf-70	171	28	…	…	PUNCT
gujaf-70	171	29	…	…	PUNCT
gujaf-70	171	30	…	…	PUNCT
gujaf-70	171	31	…	…	PUNCT
gujaf-70	171	32	…	…	PUNCT
gujaf-70	171	33	…	…	PUNCT
gujaf-70	171	34	…	…	PUNCT
gujaf-70	171	35	…	…	PUNCT
gujaf-70	171	36	…	…	PUNCT
gujaf-70	171	37	…	…	PUNCT
gujaf-70	171	38	…	…	PUNCT
gujaf-70	171	39	…	…	PUNCT
gujaf-70	171	40	…	…	PUNCT
gujaf-70	171	41	…	…	SYM
gujaf-70	171	42	1	1	NUM
gujaf-70	171	43	mpsit	mpsit	NOUN
gujaf-70	171	44	=	=	SYM
gujaf-70	171	45	β0	β0	NOUN
gujaf-70	171	46	+	+	CCONJ
gujaf-70	171	47	β1dprit	β1dprit	NUM
gujaf-70	172	1	+	+	CCONJ
gujaf-70	172	2	λ2prfit	λ2prfit	NOUN
gujaf-70	172	3	+	+	CCONJ
gujaf-70	173	1	λ3levit	λ3levit	NOUN
gujaf-70	173	2	+	+	NOUN
gujaf-70	173	3	λ4fszit	λ4fszit	NUM
gujaf-70	174	1	+	+	NUM
gujaf-70	174	2	λ	λ	PROPN
gujaf-70	174	3	5gwtit	5gwtit	NUM
gujaf-70	175	1	+	+	NOUN
gujaf-70	175	2	λ6ageit	λ6ageit	PROPN
gujaf-70	175	3	+	+	NUM
gujaf-70	175	4	µit	µit	NOUN
gujaf-70	175	5	…	…	SYM
gujaf-70	175	6	…	…	PUNCT
gujaf-70	175	7	…	…	PUNCT
gujaf-70	175	8	…	…	SYM
gujaf-70	175	9	2	2	NUM
gujaf-70	175	10	where	where	SCONJ
gujaf-70	175	11	:	:	PUNCT
gujaf-70	175	12	mps	mp	NOUN
gujaf-70	175	13	:	:	PUNCT
gujaf-70	175	14	market	market	NOUN
gujaf-70	175	15	price	price	NOUN
gujaf-70	175	16	per	per	ADP
gujaf-70	175	17	share	share	NOUN
gujaf-70	175	18	of	of	ADP
gujaf-70	175	19	firm	firm	ADJ
gujaf-70	175	20	i	i	PRON
gujaf-70	175	21	at	at	ADP
gujaf-70	175	22	period	period	NOUN
gujaf-70	175	23	t	t	PROPN
gujaf-70	175	24	,	,	PUNCT
gujaf-70	175	25	dividend	dividend	VERB
gujaf-70	175	26	payout	payout	ADJ
gujaf-70	175	27	ratio	ratio	NOUN
gujaf-70	175	28	of	of	ADP
gujaf-70	175	29	firm	firm	ADJ
gujaf-70	175	30	i	i	PRON
gujaf-70	175	31	at	at	ADP
gujaf-70	175	32	period	period	NOUN
gujaf-70	175	33	t	t	PROPN
gujaf-70	175	34	,	,	PUNCT
gujaf-70	175	35	prf	prf	PROPN
gujaf-70	175	36	:	:	PUNCT
gujaf-70	175	37	profitability	profitability	NOUN
gujaf-70	175	38	of	of	ADP
gujaf-70	175	39	firm	firm	ADJ
gujaf-70	175	40	i	i	PRON
gujaf-70	175	41	at	at	ADP
gujaf-70	175	42	period	period	NOUN
gujaf-70	175	43	t	t	PROPN
gujaf-70	175	44	,	,	PUNCT
gujaf-70	175	45	lev	lev	NOUN
gujaf-70	175	46	:	:	PUNCT
gujaf-70	175	47	leverage	leverage	NOUN
gujaf-70	175	48	of	of	ADP
gujaf-70	175	49	firm	firm	ADJ
gujaf-70	175	50	i	i	PRON
gujaf-70	175	51	at	at	ADP
gujaf-70	175	52	period	period	NOUN
gujaf-70	175	53	t	t	PROPN
gujaf-70	175	54	,	,	PUNCT
gujaf-70	175	55	fsz	fsz	NOUN
gujaf-70	175	56	:	:	PUNCT
gujaf-70	175	57	firm	firm	ADJ
gujaf-70	175	58	size	size	NOUN
gujaf-70	175	59	of	of	ADP
gujaf-70	175	60	firm	firm	NOUN
gujaf-70	175	61	i	i	PRON
gujaf-70	175	62	at	at	ADP
gujaf-70	175	63	period	period	NOUN
gujaf-70	175	64	t	t	PROPN
gujaf-70	175	65	,	,	PUNCT
gujaf-70	175	66	gwt	gwt	NOUN
gujaf-70	175	67	:	:	PUNCT
gujaf-70	175	68	growth	growth	NOUN
gujaf-70	175	69	of	of	ADP
gujaf-70	175	70	firm	firm	ADJ
gujaf-70	175	71	i	i	PRON
gujaf-70	175	72	at	at	ADP
gujaf-70	175	73	period	period	NOUN
gujaf-70	175	74	t	t	PROPN
gujaf-70	175	75	,	,	PUNCT
gujaf-70	175	76	age	age	NOUN
gujaf-70	175	77	:	:	PUNCT
gujaf-70	175	78	age	age	NOUN
gujaf-70	175	79	of	of	ADP
gujaf-70	175	80	firm	firm	ADJ
gujaf-70	175	81	i	i	PRON
gujaf-70	175	82	at	at	ADP
gujaf-70	175	83	period	period	NOUN
gujaf-70	175	84	t	t	PROPN
gujaf-70	175	85	,	,	PUNCT
gujaf-70	175	86	α0	α0	ADJ
gujaf-70	175	87	constant	constant	ADJ
gujaf-70	175	88	β1	β1	PROPN
gujaf-70	175	89	…	…	PUNCT
gujaf-70	175	90	β4	β4	PROPN
gujaf-70	175	91	efficient	efficient	ADJ
gujaf-70	175	92	for	for	ADP
gujaf-70	175	93	each	each	PRON
gujaf-70	175	94	of	of	ADP
gujaf-70	175	95	the	the	DET
gujaf-70	175	96	independent	independent	ADJ
gujaf-70	175	97	variables	variable	NOUN
gujaf-70	175	98	,	,	PUNCT
gujaf-70	175	99	λ	λ	PROPN
gujaf-70	175	100	is	be	AUX
gujaf-70	175	101	the	the	DET
gujaf-70	175	102	parameters	parameter	NOUN
gujaf-70	175	103	of	of	ADP
gujaf-70	175	104	the	the	DET
gujaf-70	175	105	control	control	NOUN
gujaf-70	175	106	variables	variable	NOUN
gujaf-70	175	107	,	,	PUNCT
gujaf-70	175	108	µ	µ	X
gujaf-70	175	109	is	be	AUX
gujaf-70	175	110	the	the	DET
gujaf-70	175	111	random	random	ADJ
gujaf-70	175	112	error	error	NOUN
gujaf-70	175	113	,	,	PUNCT
gujaf-70	175	114	t	t	PROPN
gujaf-70	175	115	time	time	NOUN
gujaf-70	175	116	dimension	dimension	NOUN
gujaf-70	175	117	of	of	ADP
gujaf-70	175	118	the	the	DET
gujaf-70	175	119	variables	variable	NOUN
gujaf-70	175	120	and	and	CCONJ
gujaf-70	175	121	i	i	PRON
gujaf-70	175	122	represent	represent	VERB
gujaf-70	175	123	firms	firm	NOUN
gujaf-70	175	124	under	under	ADP
gujaf-70	175	125	consideration	consideration	NOUN
gujaf-70	175	126	4	4	NUM
gujaf-70	175	127	.	.	PUNCT
gujaf-70	175	128	result	result	NOUN
gujaf-70	175	129	,	,	PUNCT
gujaf-70	175	130	robustness	robustness	NOUN
gujaf-70	175	131	check	check	NOUN
gujaf-70	175	132	and	and	CCONJ
gujaf-70	175	133	discussions	discussion	NOUN
gujaf-70	175	134	the	the	DET
gujaf-70	175	135	robustness	robustness	NOUN
gujaf-70	175	136	test	test	NOUN
gujaf-70	175	137	was	be	AUX
gujaf-70	175	138	performed	perform	VERB
gujaf-70	175	139	to	to	PART
gujaf-70	175	140	verify	verify	VERB
gujaf-70	175	141	all	all	DET
gujaf-70	175	142	statistical	statistical	ADJ
gujaf-70	175	143	inferences	inference	NOUN
gujaf-70	175	144	for	for	ADP
gujaf-70	175	145	this	this	DET
gujaf-70	175	146	analysis	analysis	NOUN
gujaf-70	175	147	.	.	PUNCT
gujaf-70	176	1	the	the	DET
gujaf-70	176	2	outliers	outlier	NOUN
gujaf-70	176	3	'	'	PART
gujaf-70	176	4	problems	problem	NOUN
gujaf-70	176	5	were	be	AUX
gujaf-70	176	6	obtained	obtain	VERB
gujaf-70	176	7	before	before	SCONJ
gujaf-70	176	8	the	the	DET
gujaf-70	176	9	required	require	VERB
gujaf-70	176	10	statistical	statistical	ADJ
gujaf-70	176	11	method	method	NOUN
gujaf-70	176	12	was	be	AUX
gujaf-70	176	13	selected	select	VERB
gujaf-70	176	14	to	to	PART
gujaf-70	176	15	ensure	ensure	VERB
gujaf-70	176	16	a	a	DET
gujaf-70	176	17	similar	similar	ADJ
gujaf-70	176	18	relationship	relationship	NOUN
gujaf-70	176	19	between	between	ADP
gujaf-70	176	20	them	they	PRON
gujaf-70	176	21	;	;	PUNCT
gujaf-70	176	22	a	a	DET
gujaf-70	176	23	graphical	graphical	ADJ
gujaf-70	176	24	linearity	linearity	NOUN
gujaf-70	176	25	test	test	NOUN
gujaf-70	176	26	was	be	AUX
gujaf-70	176	27	carried	carry	VERB
gujaf-70	176	28	out	out	ADP
gujaf-70	176	29	,	,	PUNCT
gujaf-70	176	30	offering	offer	VERB
gujaf-70	176	31	valuable	valuable	ADJ
gujaf-70	176	32	linearity	linearity	NOUN
gujaf-70	176	33	testing	testing	NOUN
gujaf-70	176	34	.	.	PUNCT
gujaf-70	177	1	to	to	PART
gujaf-70	177	2	establish	establish	VERB
gujaf-70	177	3	if	if	SCONJ
gujaf-70	177	4	two	two	NUM
gujaf-70	177	5	or	or	CCONJ
gujaf-70	177	6	more	more	ADV
gujaf-70	177	7	independent	independent	ADJ
gujaf-70	177	8	variables	variable	NOUN
gujaf-70	177	9	are	be	AUX
gujaf-70	177	10	interrelated	interrelated	ADJ
gujaf-70	177	11	,	,	PUNCT
gujaf-70	177	12	multicollinearity	multicollinearity	NOUN
gujaf-70	177	13	tests	test	NOUN
gujaf-70	177	14	have	have	AUX
gujaf-70	177	15	been	be	AUX
gujaf-70	177	16	carried	carry	VERB
gujaf-70	177	17	out	out	ADP
gujaf-70	177	18	,	,	PUNCT
gujaf-70	177	19	which	which	PRON
gujaf-70	177	20	shows	show	VERB
gujaf-70	177	21	a	a	DET
gujaf-70	177	22	little	little	ADJ
gujaf-70	177	23	dependence	dependence	NOUN
gujaf-70	177	24	between	between	ADP
gujaf-70	177	25	the	the	DET
gujaf-70	177	26	variables	variable	NOUN
gujaf-70	177	27	.	.	PUNCT
gujaf-70	178	1	the	the	DET
gujaf-70	178	2	collinearity	collinearity	NOUN
gujaf-70	178	3	problem	problem	NOUN
gujaf-70	178	4	was	be	AUX
gujaf-70	178	5	tested	test	VERB
gujaf-70	178	6	using	use	VERB
gujaf-70	178	7	the	the	DET
gujaf-70	178	8	variance	variance	NOUN
gujaf-70	178	9	inflation	inflation	NOUN
gujaf-70	178	10	factor	factor	NOUN
gujaf-70	178	11	(	(	PUNCT
gujaf-70	178	12	vif	vif	PROPN
gujaf-70	178	13	)	)	PUNCT
gujaf-70	178	14	;	;	PUNCT
gujaf-70	178	15	this	this	PRON
gujaf-70	178	16	results	result	VERB
gujaf-70	178	17	in	in	ADP
gujaf-70	178	18	an	an	DET
gujaf-70	178	19	indication	indication	NOUN
gujaf-70	178	20	of	of	ADP
gujaf-70	178	21	a	a	DET
gujaf-70	178	22	lack	lack	NOUN
gujaf-70	178	23	of	of	ADP
gujaf-70	178	24	collinearity	collinearity	NOUN
gujaf-70	178	25	with	with	ADP
gujaf-70	178	26	a	a	DET
gujaf-70	178	27	mean	mean	NOUN
gujaf-70	178	28	of	of	ADP
gujaf-70	178	29	1.85	1.85	NUM
gujaf-70	178	30	,	,	PUNCT
gujaf-70	178	31	which	which	PRON
gujaf-70	178	32	is	be	AUX
gujaf-70	178	33	less	less	ADJ
gujaf-70	178	34	than	than	ADP
gujaf-70	178	35	10	10	NUM
gujaf-70	178	36	(	(	PUNCT
gujaf-70	178	37	see	see	VERB
gujaf-70	178	38	table	table	NOUN
gujaf-70	178	39	4.3	4.3	NUM
gujaf-70	178	40	)	)	PUNCT
gujaf-70	178	41	.	.	PUNCT
gujaf-70	179	1	a	a	DET
gujaf-70	179	2	heteroscedasticity	heteroscedasticity	NOUN
gujaf-70	179	3	quiz	quiz	NOUN
gujaf-70	179	4	further	far	ADV
gujaf-70	179	5	investigated	investigate	VERB
gujaf-70	179	6	to	to	PART
gujaf-70	179	7	determine	determine	VERB
gujaf-70	179	8	the	the	DET
gujaf-70	179	9	error	error	NOUN
gujaf-70	179	10	term	term	NOUN
gujaf-70	179	11	's	's	PART
gujaf-70	179	12	variability	variability	NOUN
gujaf-70	179	13	being	be	AUX
gujaf-70	179	14	constant	constant	ADJ
gujaf-70	179	15	or	or	CCONJ
gujaf-70	179	16	not	not	PART
gujaf-70	179	17	.	.	PUNCT
gujaf-70	180	1	this	this	DET
gujaf-70	180	2	result	result	NOUN
gujaf-70	180	3	shows	show	VERB
gujaf-70	180	4	the	the	DET
gujaf-70	180	5	presence	presence	NOUN
gujaf-70	180	6	of	of	ADP
gujaf-70	180	7	heteroscedasticity	heteroscedasticity	PROPN
gujaf-70	180	8	,	,	PUNCT
gujaf-70	180	9	which	which	PRON
gujaf-70	180	10	suggests	suggest	VERB
gujaf-70	180	11	that	that	SCONJ
gujaf-70	180	12	the	the	DET
gujaf-70	180	13	variability	variability	NOUN
gujaf-70	180	14	of	of	ADP
gujaf-70	180	15	the	the	DET
gujaf-70	180	16	error	error	NOUN
gujaf-70	180	17	word	word	NOUN
gujaf-70	180	18	is	be	AUX
gujaf-70	180	19	not	not	PART
gujaf-70	180	20	constant	constant	ADJ
gujaf-70	180	21	as	as	SCONJ
gujaf-70	180	22	the	the	DET
gujaf-70	180	23	coefficient	coefficient	NOUN
gujaf-70	180	24	of	of	ADP
gujaf-70	180	25	24.56	24.56	NUM
gujaf-70	180	26	with	with	ADP
gujaf-70	180	27	its	its	PRON
gujaf-70	180	28	significant	significant	ADJ
gujaf-70	180	29	value	value	NOUN
gujaf-70	180	30	of	of	ADP
gujaf-70	180	31	0.067	0.067	NUM
gujaf-70	180	32	(	(	PUNCT
gujaf-70	180	33	see	see	VERB
gujaf-70	180	34	table	table	NOUN
gujaf-70	180	35	4.3	4.3	NUM
gujaf-70	180	36	)	)	PUNCT
gujaf-70	180	37	.	.	PUNCT
gujaf-70	181	1	this	this	DET
gujaf-70	181	2	problem	problem	NOUN
gujaf-70	181	3	was	be	AUX
gujaf-70	181	4	corrected	correct	VERB
gujaf-70	181	5	using	use	VERB
gujaf-70	181	6	a	a	DET
gujaf-70	181	7	rigorous	rigorous	ADJ
gujaf-70	181	8	standard	standard	ADJ
gujaf-70	181	9	error	error	NOUN
gujaf-70	181	10	test	test	NOUN
gujaf-70	181	11	for	for	ADP
gujaf-70	181	12	heteroscedasticity	heteroscedasticity	NOUN
gujaf-70	181	13	.	.	PUNCT
gujaf-70	182	1	the	the	DET
gujaf-70	182	2	researchers	researcher	NOUN
gujaf-70	182	3	tested	test	VERB
gujaf-70	182	4	the	the	DET
gujaf-70	182	5	normality	normality	NOUN
gujaf-70	182	6	of	of	ADP
gujaf-70	182	7	the	the	DET
gujaf-70	182	8	residues	residue	NOUN
gujaf-70	182	9	.	.	PUNCT
gujaf-70	183	1	the	the	DET
gujaf-70	183	2	normality	normality	NOUN
gujaf-70	183	3	test	test	NOUN
gujaf-70	183	4	of	of	ADP
gujaf-70	183	5	the	the	DET
gujaf-70	183	6	error	error	NOUN
gujaf-70	183	7	term	term	NOUN
gujaf-70	183	8	is	be	AUX
gujaf-70	183	9	the	the	DET
gujaf-70	183	10	regression	regression	NOUN
gujaf-70	183	11	model	model	NOUN
gujaf-70	183	12	(	(	PUNCT
gujaf-70	183	13	ols	ols	NOUN
gujaf-70	183	14	)	)	PUNCT
gujaf-70	183	15	postulation	postulation	NOUN
gujaf-70	183	16	,	,	PUNCT
gujaf-70	183	17	which	which	PRON
gujaf-70	183	18	guarantees	guarantee	VERB
gujaf-70	183	19	that	that	SCONJ
gujaf-70	183	20	all	all	DET
gujaf-70	183	21	residual	residual	ADJ
gujaf-70	183	22	tests	test	NOUN
gujaf-70	183	23	(	(	PUNCT
gujaf-70	183	24	p	p	X
gujaf-70	183	25	,	,	PUNCT
gujaf-70	183	26	t	t	PROPN
gujaf-70	183	27	,	,	PUNCT
gujaf-70	183	28	and	and	CCONJ
gujaf-70	183	29	f	f	X
gujaf-70	183	30	)	)	PUNCT
gujaf-70	183	31	usually	usually	ADV
gujaf-70	183	32	operate	operate	VERB
gujaf-70	183	33	.	.	PUNCT
gujaf-70	184	1	however	however	ADV
gujaf-70	184	2	,	,	PUNCT
gujaf-70	184	3	the	the	DET
gujaf-70	184	4	analysis	analysis	NOUN
gujaf-70	184	5	predicts	predict	VERB
gujaf-70	184	6	the	the	DET
gujaf-70	184	7	error	error	NOUN
gujaf-70	184	8	term	term	NOUN
gujaf-70	184	9	(	(	PUNCT
gujaf-70	184	10	e	e	NOUN
gujaf-70	184	11	)	)	PUNCT
gujaf-70	184	12	by	by	ADP
gujaf-70	184	13	running	run	VERB
gujaf-70	184	14	sktest	skt	ADJ
gujaf-70	184	15	e	e	NOUN
gujaf-70	184	16	,	,	PUNCT
gujaf-70	184	17	and	and	CCONJ
gujaf-70	184	18	the	the	DET
gujaf-70	184	19	result	result	NOUN
gujaf-70	184	20	shows	show	VERB
gujaf-70	184	21	a	a	DET
gujaf-70	184	22	large	large	ADJ
gujaf-70	184	23	p	p	NOUN
gujaf-70	184	24	-	-	PUNCT
gujaf-70	184	25	value	value	NOUN
gujaf-70	184	26	at	at	ADP
gujaf-70	184	27	0.089	0.089	NUM
gujaf-70	184	28	,	,	PUNCT
gujaf-70	184	29	suggesting	suggest	VERB
gujaf-70	184	30	that	that	SCONJ
gujaf-70	184	31	the	the	DET
gujaf-70	184	32	standard	standard	ADJ
gujaf-70	184	33	error	error	NOUN
gujaf-70	184	34	is	be	AUX
gujaf-70	184	35	not	not	PART
gujaf-70	184	36	normally	normally	ADV
gujaf-70	184	37	distributed	distribute	VERB
gujaf-70	184	38	(	(	PUNCT
gujaf-70	184	39	see	see	VERB
gujaf-70	184	40	table	table	NOUN
gujaf-70	184	41	4.3	4.3	NUM
gujaf-70	184	42	)	)	PUNCT
gujaf-70	184	43	.	.	PUNCT
gujaf-70	185	1	since	since	SCONJ
gujaf-70	185	2	a	a	DET
gujaf-70	185	3	probability	probability	NOUN
gujaf-70	185	4	value	value	NOUN
gujaf-70	185	5	greater	great	ADJ
gujaf-70	185	6	than	than	ADP
gujaf-70	185	7	0.0500	0.0500	NUM
gujaf-70	185	8	is	be	AUX
gujaf-70	185	9	considered	consider	VERB
gujaf-70	185	10	to	to	PART
gujaf-70	185	11	be	be	AUX
gujaf-70	185	12	appropriate	appropriate	ADJ
gujaf-70	185	13	(	(	PUNCT
gujaf-70	185	14	gujarati	gujarati	PROPN
gujaf-70	185	15	,	,	PUNCT
gujaf-70	185	16	2003	2003	NUM
gujaf-70	185	17	)	)	PUNCT
gujaf-70	185	18	.	.	PUNCT
gujaf-70	186	1	as	as	ADP
gujaf-70	186	2	a	a	DET
gujaf-70	186	3	result	result	NOUN
gujaf-70	186	4	,	,	PUNCT
gujaf-70	186	5	breusch	breusch	NOUN
gujaf-70	186	6	and	and	CCONJ
gujaf-70	186	7	pagan	pagan	VERB
gujaf-70	186	8	gusau	gusau	ADJ
gujaf-70	186	9	journal	journal	PROPN
gujaf-70	186	10	of	of	ADP
gujaf-70	186	11	accounting	accounting	NOUN
gujaf-70	186	12	and	and	CCONJ
gujaf-70	186	13	finance	finance	NOUN
gujaf-70	186	14	,	,	PUNCT
gujaf-70	186	15	vol	vol	NOUN
gujaf-70	186	16	.	.	PROPN
gujaf-70	186	17	2	2	NUM
gujaf-70	186	18	,	,	PUNCT
gujaf-70	186	19	issue	issue	NOUN
gujaf-70	186	20	2	2	NUM
gujaf-70	186	21	,	,	PUNCT
gujaf-70	186	22	april	april	PROPN
gujaf-70	186	23	,	,	PUNCT
gujaf-70	186	24	2021	2021	NUM
gujaf-70	186	25	9	9	NUM
gujaf-70	186	26	lagrangian	lagrangian	ADJ
gujaf-70	186	27	multiplier	multipli	ADJ
gujaf-70	186	28	experiments	experiment	NOUN
gujaf-70	186	29	were	be	AUX
gujaf-70	186	30	performed	perform	VERB
gujaf-70	186	31	for	for	ADP
gujaf-70	186	32	random	random	ADJ
gujaf-70	186	33	effects	effect	NOUN
gujaf-70	186	34	.	.	PUNCT
gujaf-70	187	1	the	the	DET
gujaf-70	187	2	chance	chance	NOUN
gujaf-70	187	3	of	of	ADP
gujaf-70	187	4	seeing	see	VERB
gujaf-70	187	5	0.0000	0.0000	NUM
gujaf-70	187	6	shows	show	VERB
gujaf-70	187	7	the	the	DET
gujaf-70	187	8	gls	gl	VERB
gujaf-70	187	9	random	random	ADJ
gujaf-70	187	10	effect	effect	NOUN
gujaf-70	187	11	choice	choice	NOUN
gujaf-70	187	12	over	over	ADP
gujaf-70	187	13	ols	ol	NOUN
gujaf-70	187	14	(	(	PUNCT
gujaf-70	187	15	see	see	VERB
gujaf-70	187	16	appendix	appendix	NOUN
gujaf-70	187	17	)	)	PUNCT
gujaf-70	187	18	.	.	PUNCT
gujaf-70	188	1	the	the	DET
gujaf-70	188	2	result	result	NOUN
gujaf-70	188	3	is	be	AUX
gujaf-70	188	4	,	,	PUNCT
gujaf-70	188	5	therefore	therefore	ADV
gujaf-70	188	6	,	,	PUNCT
gujaf-70	188	7	analyzed	analyze	VERB
gujaf-70	188	8	using	use	VERB
gujaf-70	188	9	a	a	DET
gujaf-70	188	10	random	random	ADJ
gujaf-70	188	11	gls	gls	NOUN
gujaf-70	188	12	effect	effect	NOUN
gujaf-70	188	13	.	.	PUNCT
gujaf-70	189	1	the	the	DET
gujaf-70	189	2	product	product	NOUN
gujaf-70	189	3	of	of	ADP
gujaf-70	189	4	random	random	ADJ
gujaf-70	189	5	effect	effect	NOUN
gujaf-70	189	6	was	be	AUX
gujaf-70	189	7	used	use	VERB
gujaf-70	189	8	for	for	ADP
gujaf-70	189	9	the	the	DET
gujaf-70	189	10	interpretation	interpretation	NOUN
gujaf-70	189	11	of	of	ADP
gujaf-70	189	12	the	the	DET
gujaf-70	189	13	sample	sample	NOUN
gujaf-70	189	14	.	.	PUNCT
gujaf-70	190	1	table	table	NOUN
gujaf-70	190	2	2	2	NUM
gujaf-70	190	3	:	:	PUNCT
gujaf-70	190	4	descriptive	descriptive	ADJ
gujaf-70	190	5	statistics	statistic	NOUN
gujaf-70	190	6	variables	variable	NOUN
gujaf-70	190	7	mean	mean	VERB
gujaf-70	190	8	std	std	X
gujaf-70	190	9	dev	dev	PROPN
gujaf-70	190	10	minimum	minimum	ADJ
gujaf-70	190	11	maximum	maximum	PROPN
gujaf-70	190	12	skewness	skewness	NOUN
gujaf-70	190	13	kurtosis	kurtosis	VERB
gujaf-70	190	14	mps	mps	PROPN
gujaf-70	190	15	0.3683	0.3683	NUM
gujaf-70	190	16	1.2424	1.2424	NUM
gujaf-70	190	17	0.2500	0.2500	NUM
gujaf-70	190	18	11.820	11.820	NUM
gujaf-70	190	19	0.0000	0.0000	NUM
gujaf-70	190	20	0.0000	0.0000	NUM
gujaf-70	190	21	dpr	dpr	PROPN
gujaf-70	190	22	0.0064	0.0064	NUM
gujaf-70	190	23	0.0031	0.0031	NUM
gujaf-70	190	24	-0.0057	-0.0057	NOUN
gujaf-70	190	25	0.0349	0.0349	NUM
gujaf-70	190	26	0.0000	0.0000	NUM
gujaf-70	190	27	0.0000	0.0000	NUM
gujaf-70	190	28	prf	prf	NOUN
gujaf-70	191	1	0.2166	0.2166	NUM
gujaf-70	191	2	0.3342	0.3342	NUM
gujaf-70	191	3	-0.9823	-0.9823	NOUN
gujaf-70	191	4	0.9992	0.9992	NUM
gujaf-70	191	5	0.0590	0.0590	NUM
gujaf-70	191	6	0.0000	0.0000	NUM
gujaf-70	191	7	lev	lev	NOUN
gujaf-70	191	8	0.3969	0.3969	NUM
gujaf-70	191	9	0.2553	0.2553	NUM
gujaf-70	191	10	0.0005	0.0005	NUM
gujaf-70	191	11	0.9987	0.9987	NUM
gujaf-70	191	12	0.0015	0.0015	NUM
gujaf-70	191	13	0.0000	0.0000	NUM
gujaf-70	191	14	fsz	fsz	NOUN
gujaf-70	191	15	9.8274	9.8274	NUM
gujaf-70	191	16	0.7227	0.7227	NUM
gujaf-70	191	17	7.7398	7.7398	NUM
gujaf-70	191	18	10.993	10.993	NUM
gujaf-70	191	19	0.0001	0.0001	NUM
gujaf-70	191	20	0.0153	0.0153	NUM
gujaf-70	191	21	gwt	gwt	VERB
gujaf-70	191	22	9.8614	9.8614	NUM
gujaf-70	191	23	0.8292	0.8292	NUM
gujaf-70	191	24	7.5917	7.5917	NUM
gujaf-70	191	25	11.527	11.527	NUM
gujaf-70	191	26	0.0368	0.0368	NUM
gujaf-70	191	27	0.0001	0.0001	NUM
gujaf-70	191	28	age	age	NOUN
gujaf-70	191	29	36.628	36.628	NUM
gujaf-70	191	30	10.747	10.747	NUM
gujaf-70	191	31	12.000	12.000	NUM
gujaf-70	191	32	58.000	58.000	NUM
gujaf-70	191	33	0.0000	0.0000	NUM
gujaf-70	191	34	0	0	NUM
gujaf-70	191	35	.	.	NOUN
gujaf-70	191	36	3514	3514	NUM
gujaf-70	191	37	source	source	NOUN
gujaf-70	191	38	:	:	PUNCT
gujaf-70	191	39	descriptive	descriptive	ADJ
gujaf-70	191	40	statistics	statistic	NOUN
gujaf-70	191	41	result	result	VERB
gujaf-70	191	42	using	use	VERB
gujaf-70	191	43	stata	stata	NOUN
gujaf-70	191	44	13.0	13.0	NUM
gujaf-70	191	45	the	the	DET
gujaf-70	191	46	average	average	ADJ
gujaf-70	191	47	share	share	NOUN
gujaf-70	191	48	price	price	NOUN
gujaf-70	191	49	at	at	ADP
gujaf-70	191	50	which	which	PRON
gujaf-70	191	51	investors	investor	NOUN
gujaf-70	191	52	are	be	AUX
gujaf-70	191	53	willing	willing	ADJ
gujaf-70	191	54	to	to	PART
gujaf-70	191	55	pay	pay	VERB
gujaf-70	191	56	for	for	ADP
gujaf-70	191	57	the	the	DET
gujaf-70	191	58	stock	stock	NOUN
gujaf-70	191	59	of	of	ADP
gujaf-70	191	60	the	the	DET
gujaf-70	191	61	sampled	sample	VERB
gujaf-70	191	62	industrial	industrial	ADJ
gujaf-70	191	63	companies	company	NOUN
gujaf-70	191	64	in	in	ADP
gujaf-70	191	65	nigeria	nigeria	PROPN
gujaf-70	191	66	for	for	ADP
gujaf-70	191	67	12	12	NUM
gujaf-70	191	68	years	year	NOUN
gujaf-70	191	69	is	be	AUX
gujaf-70	191	70	0.37k	0.37k	NUM
gujaf-70	191	71	,	,	PUNCT
gujaf-70	191	72	which	which	PRON
gujaf-70	191	73	means	mean	VERB
gujaf-70	191	74	that	that	SCONJ
gujaf-70	191	75	the	the	DET
gujaf-70	191	76	sampled	sample	VERB
gujaf-70	191	77	firms	firm	NOUN
gujaf-70	191	78	'	'	PART
gujaf-70	191	79	investment	investment	NOUN
gujaf-70	191	80	might	might	AUX
gujaf-70	191	81	be	be	AUX
gujaf-70	191	82	worthwhile	worthwhile	ADJ
gujaf-70	191	83	.	.	PUNCT
gujaf-70	192	1	the	the	DET
gujaf-70	192	2	standard	standard	ADJ
gujaf-70	192	3	deviation	deviation	NOUN
gujaf-70	192	4	is	be	AUX
gujaf-70	192	5	1.24	1.24	NUM
gujaf-70	192	6	,	,	PUNCT
gujaf-70	192	7	meaning	mean	VERB
gujaf-70	192	8	data	data	NOUN
gujaf-70	192	9	points	point	NOUN
gujaf-70	192	10	are	be	AUX
gujaf-70	192	11	spread	spread	VERB
gujaf-70	192	12	over	over	ADP
gujaf-70	192	13	a	a	DET
gujaf-70	192	14	wide	wide	ADJ
gujaf-70	192	15	rate	rate	NOUN
gujaf-70	192	16	of	of	ADP
gujaf-70	192	17	11.57k	11.57k	PRON
gujaf-70	192	18	,	,	PUNCT
gujaf-70	192	19	the	the	DET
gujaf-70	192	20	difference	difference	NOUN
gujaf-70	192	21	between	between	ADP
gujaf-70	192	22	the	the	DET
gujaf-70	192	23	minimum	minimum	NOUN
gujaf-70	192	24	and	and	CCONJ
gujaf-70	192	25	the	the	DET
gujaf-70	192	26	maximum	maximum	ADJ
gujaf-70	192	27	values	value	NOUN
gujaf-70	192	28	of	of	ADP
gujaf-70	192	29	0.25k	0.25k	PROPN
gujaf-70	192	30	and	and	CCONJ
gujaf-70	192	31	11.82k	11.82k	NUM
gujaf-70	192	32	.	.	PUNCT
gujaf-70	193	1	the	the	DET
gujaf-70	193	2	market	market	NOUN
gujaf-70	193	3	price	price	NOUN
gujaf-70	193	4	of	of	ADP
gujaf-70	193	5	the	the	DET
gujaf-70	193	6	common	common	ADJ
gujaf-70	193	7	share	share	NOUN
gujaf-70	193	8	as	as	ADP
gujaf-70	193	9	a	a	DET
gujaf-70	193	10	dependent	dependent	ADJ
gujaf-70	193	11	variable	variable	NOUN
gujaf-70	193	12	is	be	AUX
gujaf-70	193	13	to	to	PART
gujaf-70	193	14	be	be	AUX
gujaf-70	193	15	constant	constant	ADJ
gujaf-70	193	16	.	.	PUNCT
gujaf-70	194	1	more	more	ADV
gujaf-70	194	2	so	so	ADV
gujaf-70	194	3	,	,	PUNCT
gujaf-70	194	4	the	the	DET
gujaf-70	194	5	varying	vary	VERB
gujaf-70	194	6	share	share	NOUN
gujaf-70	194	7	prices	price	NOUN
gujaf-70	194	8	and	and	CCONJ
gujaf-70	194	9	heterogeneous	heterogeneous	ADJ
gujaf-70	194	10	existence	existence	NOUN
gujaf-70	194	11	of	of	ADP
gujaf-70	194	12	the	the	DET
gujaf-70	194	13	sample	sample	NOUN
gujaf-70	194	14	firms	firm	NOUN
gujaf-70	194	15	may	may	AUX
gujaf-70	194	16	also	also	ADV
gujaf-70	194	17	explain	explain	VERB
gujaf-70	194	18	the	the	DET
gujaf-70	194	19	full	full	ADJ
gujaf-70	194	20	range	range	NOUN
gujaf-70	194	21	.	.	PUNCT
gujaf-70	195	1	the	the	DET
gujaf-70	195	2	average	average	ADJ
gujaf-70	195	3	share	share	NOUN
gujaf-70	195	4	of	of	ADP
gujaf-70	195	5	profit	profit	NOUN
gujaf-70	195	6	allocated	allocate	VERB
gujaf-70	195	7	to	to	ADP
gujaf-70	195	8	each	each	DET
gujaf-70	195	9	common	common	ADJ
gujaf-70	195	10	shareholder	shareholder	NOUN
gujaf-70	195	11	for	for	ADP
gujaf-70	195	12	all	all	DET
gujaf-70	195	13	the	the	DET
gujaf-70	195	14	sampled	sample	VERB
gujaf-70	195	15	industrial	industrial	ADJ
gujaf-70	195	16	companies	company	NOUN
gujaf-70	195	17	in	in	ADP
gujaf-70	195	18	nigeria	nigeria	PROPN
gujaf-70	195	19	over	over	ADP
gujaf-70	195	20	12	12	NUM
gujaf-70	195	21	years	year	NOUN
gujaf-70	195	22	was	be	AUX
gujaf-70	195	23	0.0062	0.0062	NUM
gujaf-70	195	24	.	.	PUNCT
gujaf-70	196	1	it	it	PRON
gujaf-70	196	2	shows	show	VERB
gujaf-70	196	3	that	that	SCONJ
gujaf-70	196	4	the	the	DET
gujaf-70	196	5	percentage	percentage	NOUN
gujaf-70	196	6	of	of	ADP
gujaf-70	196	7	earnings	earning	NOUN
gujaf-70	196	8	charged	charge	VERB
gujaf-70	196	9	as	as	ADP
gujaf-70	196	10	a	a	DET
gujaf-70	196	11	dividend	dividend	NOUN
gujaf-70	196	12	payout	payout	NOUN
gujaf-70	196	13	ratio	ratio	NOUN
gujaf-70	196	14	for	for	ADP
gujaf-70	196	15	all	all	DET
gujaf-70	196	16	sampled	sample	VERB
gujaf-70	196	17	industrial	industrial	ADJ
gujaf-70	196	18	companies	company	NOUN
gujaf-70	196	19	amounted	amount	VERB
gujaf-70	196	20	to	to	ADP
gujaf-70	196	21	0,0062k	0,0062k	NOUN
gujaf-70	196	22	.	.	PUNCT
gujaf-70	197	1	meaning	mean	VERB
gujaf-70	197	2	for	for	ADP
gujaf-70	197	3	each	each	DET
gujaf-70	197	4	naira	naira	NOUN
gujaf-70	197	5	,	,	PUNCT
gujaf-70	197	6	the	the	DET
gujaf-70	197	7	companies	company	NOUN
gujaf-70	197	8	receive	receive	VERB
gujaf-70	197	9	a	a	DET
gujaf-70	197	10	net	net	ADJ
gujaf-70	197	11	income	income	NOUN
gujaf-70	197	12	of	of	ADP
gujaf-70	197	13	0.62k	0.62k	NOUN
gujaf-70	197	14	paid	pay	VERB
gujaf-70	197	15	back	back	ADV
gujaf-70	197	16	as	as	ADP
gujaf-70	197	17	a	a	DET
gujaf-70	197	18	dividend	dividend	NOUN
gujaf-70	197	19	to	to	ADP
gujaf-70	197	20	the	the	DET
gujaf-70	197	21	shareholders	shareholder	NOUN
gujaf-70	197	22	.	.	PUNCT
gujaf-70	198	1	the	the	DET
gujaf-70	198	2	standard	standard	ADJ
gujaf-70	198	3	deviation	deviation	NOUN
gujaf-70	198	4	of	of	ADP
gujaf-70	198	5	0.003	0.003	NUM
gujaf-70	198	6	indicates	indicate	VERB
gujaf-70	198	7	a	a	DET
gujaf-70	198	8	substantial	substantial	ADJ
gujaf-70	198	9	difference	difference	NOUN
gujaf-70	198	10	in	in	ADP
gujaf-70	198	11	the	the	DET
gujaf-70	198	12	dividend	dividend	NOUN
gujaf-70	198	13	payout	payout	NOUN
gujaf-70	198	14	ratio	ratio	NOUN
gujaf-70	198	15	among	among	ADP
gujaf-70	198	16	the	the	DET
gujaf-70	198	17	firms	firm	NOUN
gujaf-70	198	18	sampled	sample	VERB
gujaf-70	198	19	during	during	ADP
gujaf-70	198	20	the	the	DET
gujaf-70	198	21	study	study	NOUN
gujaf-70	198	22	period	period	NOUN
gujaf-70	198	23	.	.	PUNCT
gujaf-70	199	1	the	the	DET
gujaf-70	199	2	minimum	minimum	ADJ
gujaf-70	199	3	value	value	NOUN
gujaf-70	199	4	of	of	ADP
gujaf-70	199	5	the	the	DET
gujaf-70	199	6	dividend	dividend	NOUN
gujaf-70	199	7	payout	payout	NOUN
gujaf-70	199	8	ratio	ratio	NOUN
gujaf-70	199	9	was	be	AUX
gujaf-70	199	10	-	-	PUNCT
gujaf-70	199	11	approximately	approximately	ADV
gujaf-70	199	12	0.0057k	0.0057k	NUM
gujaf-70	199	13	,	,	PUNCT
gujaf-70	199	14	which	which	PRON
gujaf-70	199	15	resulted	result	VERB
gujaf-70	199	16	in	in	ADP
gujaf-70	199	17	substantial	substantial	ADJ
gujaf-70	199	18	losses	loss	NOUN
gujaf-70	199	19	in	in	ADP
gujaf-70	199	20	some	some	DET
gujaf-70	199	21	companies	company	NOUN
gujaf-70	199	22	'	'	PART
gujaf-70	199	23	earnings	earning	NOUN
gujaf-70	199	24	experience	experience	NOUN
gujaf-70	199	25	during	during	ADP
gujaf-70	199	26	the	the	DET
gujaf-70	199	27	study	study	NOUN
gujaf-70	199	28	period	period	NOUN
gujaf-70	199	29	with	with	ADP
gujaf-70	199	30	a	a	DET
gujaf-70	199	31	maximum	maximum	ADJ
gujaf-70	199	32	dividend	dividend	NOUN
gujaf-70	199	33	payout	payout	NOUN
gujaf-70	199	34	of	of	ADP
gujaf-70	199	35	0	0	NUM
gujaf-70	199	36	.	.	PUNCT
gujaf-70	200	1	035k	035k	NOUN
gujaf-70	200	2	,	,	PUNCT
gujaf-70	200	3	guy	guy	NOUN
gujaf-70	200	4	.	.	PROPN
gujaf-70	200	5	profitability	profitability	NOUN
gujaf-70	200	6	indicates	indicate	VERB
gujaf-70	200	7	a	a	DET
gujaf-70	200	8	mean	mean	ADJ
gujaf-70	200	9	value	value	NOUN
gujaf-70	200	10	of	of	ADP
gujaf-70	200	11	0.2156	0.2156	NUM
gujaf-70	200	12	,	,	PUNCT
gujaf-70	200	13	a	a	DET
gujaf-70	200	14	minimum	minimum	NOUN
gujaf-70	200	15	value	value	NOUN
gujaf-70	200	16	of-0.98	of-0.98	NOUN
gujaf-70	200	17	,	,	PUNCT
gujaf-70	200	18	and	and	CCONJ
gujaf-70	200	19	a	a	DET
gujaf-70	200	20	maximum	maximum	ADJ
gujaf-70	200	21	value	value	NOUN
gujaf-70	200	22	of	of	ADP
gujaf-70	200	23	0.99	0.99	NUM
gujaf-70	200	24	.	.	PUNCT
gujaf-70	201	1	the	the	DET
gujaf-70	201	2	standard	standard	ADJ
gujaf-70	201	3	deviation	deviation	NOUN
gujaf-70	201	4	of	of	ADP
gujaf-70	201	5	0.33	0.33	NUM
gujaf-70	201	6	suggests	suggest	VERB
gujaf-70	201	7	no	no	DET
gujaf-70	201	8	substantial	substantial	ADJ
gujaf-70	201	9	improvement	improvement	NOUN
gujaf-70	201	10	in	in	ADP
gujaf-70	201	11	the	the	DET
gujaf-70	201	12	sampled	sample	VERB
gujaf-70	201	13	companies	company	NOUN
gujaf-70	201	14	'	'	PART
gujaf-70	201	15	profitability	profitability	NOUN
gujaf-70	201	16	during	during	ADP
gujaf-70	201	17	the	the	DET
gujaf-70	201	18	study	study	NOUN
gujaf-70	201	19	period	period	NOUN
gujaf-70	201	20	.	.	PUNCT
gujaf-70	202	1	leverage	leverage	NOUN
gujaf-70	202	2	indicates	indicate	VERB
gujaf-70	202	3	an	an	DET
gujaf-70	202	4	average	average	NOUN
gujaf-70	202	5	of	of	ADP
gujaf-70	202	6	0.396	0.396	NUM
gujaf-70	202	7	(	(	PUNCT
gujaf-70	202	8	approximately	approximately	ADV
gujaf-70	202	9	0.40	0.40	NUM
gujaf-70	202	10	m	m	NOUN
gujaf-70	202	11	)	)	PUNCT
gujaf-70	202	12	with	with	ADP
gujaf-70	202	13	a	a	DET
gujaf-70	202	14	minimum	minimum	NOUN
gujaf-70	202	15	of	of	ADP
gujaf-70	202	16	0.005	0.005	NUM
gujaf-70	202	17	m	m	NOUN
gujaf-70	202	18	and	and	CCONJ
gujaf-70	202	19	a	a	DET
gujaf-70	202	20	maximum	maximum	NOUN
gujaf-70	202	21	of	of	ADP
gujaf-70	202	22	0.99	0.99	NUM
gujaf-70	202	23	m.	m.	NOUN
gujaf-70	202	24	the	the	DET
gujaf-70	202	25	standard	standard	ADJ
gujaf-70	202	26	deviation	deviation	NOUN
gujaf-70	202	27	of	of	ADP
gujaf-70	202	28	0.26	0.26	NUM
gujaf-70	202	29	suggests	suggest	VERB
gujaf-70	202	30	no	no	DET
gujaf-70	202	31	substantial	substantial	ADJ
gujaf-70	202	32	improvement	improvement	NOUN
gujaf-70	202	33	in	in	ADP
gujaf-70	202	34	the	the	DET
gujaf-70	202	35	sampled	sample	VERB
gujaf-70	202	36	companies	company	NOUN
gujaf-70	202	37	'	'	PART
gujaf-70	202	38	leverage	leverage	NOUN
gujaf-70	202	39	during	during	ADP
gujaf-70	202	40	the	the	DET
gujaf-70	202	41	study	study	NOUN
gujaf-70	202	42	period	period	NOUN
gujaf-70	202	43	.	.	PUNCT
gujaf-70	203	1	the	the	DET
gujaf-70	203	2	average	average	ADJ
gujaf-70	203	3	size	size	NOUN
gujaf-70	203	4	of	of	ADP
gujaf-70	203	5	the	the	DET
gujaf-70	203	6	firm	firm	NOUN
gujaf-70	203	7	was	be	AUX
gujaf-70	203	8	9.8	9.8	NUM
gujaf-70	203	9	and	and	CCONJ
gujaf-70	203	10	the	the	DET
gujaf-70	203	11	standard	standard	ADJ
gujaf-70	203	12	deviation	deviation	NOUN
gujaf-70	203	13	was	be	AUX
gujaf-70	203	14	0.72	0.72	NUM
gujaf-70	203	15	.	.	PUNCT
gujaf-70	204	1	it	it	PRON
gujaf-70	204	2	indicates	indicate	VERB
gujaf-70	204	3	that	that	SCONJ
gujaf-70	204	4	firm	firm	ADJ
gujaf-70	204	5	size	size	NOUN
gujaf-70	204	6	will	will	AUX
gujaf-70	204	7	change	change	VERB
gujaf-70	204	8	on	on	ADP
gujaf-70	204	9	all	all	DET
gujaf-70	204	10	sides	side	NOUN
gujaf-70	204	11	.	.	PUNCT
gujaf-70	205	1	the	the	DET
gujaf-70	205	2	low	low	ADJ
gujaf-70	205	3	value	value	NOUN
gujaf-70	205	4	of	of	ADP
gujaf-70	205	5	the	the	DET
gujaf-70	205	6	standard	standard	ADJ
gujaf-70	205	7	deviation	deviation	NOUN
gujaf-70	205	8	means	mean	VERB
gujaf-70	205	9	that	that	SCONJ
gujaf-70	205	10	the	the	DET
gujaf-70	205	11	data	data	NOUN
gujaf-70	205	12	points	point	NOUN
gujaf-70	205	13	are	be	AUX
gujaf-70	205	14	distributed	distribute	VERB
gujaf-70	205	15	over	over	ADP
gujaf-70	205	16	a	a	DET
gujaf-70	205	17	large	large	ADJ
gujaf-70	205	18	range	range	NOUN
gujaf-70	205	19	of	of	ADP
gujaf-70	205	20	3.2	3.2	NUM
gujaf-70	205	21	m	m	NOUN
gujaf-70	205	22	values	value	NOUN
gujaf-70	205	23	(	(	PUNCT
gujaf-70	205	24	i.e.	i.e.	X
gujaf-70	205	25	,	,	PUNCT
gujaf-70	205	26	the	the	DET
gujaf-70	205	27	difference	difference	NOUN
gujaf-70	205	28	between	between	ADP
gujaf-70	205	29	the	the	DET
gujaf-70	205	30	minimum	minimum	NOUN
gujaf-70	205	31	and	and	CCONJ
gujaf-70	205	32	the	the	DET
gujaf-70	205	33	maximum	maximum	ADJ
gujaf-70	205	34	values	value	NOUN
gujaf-70	205	35	of	of	ADP
gujaf-70	205	36	7.7	7.7	NUM
gujaf-70	205	37	m	m	NOUN
gujaf-70	205	38	and	and	CCONJ
gujaf-70	205	39	10.9	10.9	NUM
gujaf-70	205	40	m	m	NOUN
gujaf-70	205	41	)	)	PUNCT
gujaf-70	205	42	.	.	PUNCT
gujaf-70	206	1	the	the	DET
gujaf-70	206	2	average	average	ADJ
gujaf-70	206	3	firm	firm	ADJ
gujaf-70	206	4	growth	growth	NOUN
gujaf-70	206	5	is	be	AUX
gujaf-70	206	6	valued	value	VERB
gujaf-70	206	7	at	at	ADP
gujaf-70	206	8	7.69	7.69	NUM
gujaf-70	206	9	m	m	NOUN
gujaf-70	206	10	,	,	PUNCT
gujaf-70	206	11	with	with	ADP
gujaf-70	206	12	a	a	DET
gujaf-70	206	13	standard	standard	ADJ
gujaf-70	206	14	deviation	deviation	NOUN
gujaf-70	206	15	of	of	ADP
gujaf-70	206	16	0.83	0.83	NUM
gujaf-70	206	17	.	.	PUNCT
gujaf-70	207	1	the	the	DET
gujaf-70	207	2	low	low	ADJ
gujaf-70	207	3	valued	value	VERB
gujaf-70	207	4	standard	standard	ADJ
gujaf-70	207	5	deviation	deviation	NOUN
gujaf-70	207	6	means	mean	VERB
gujaf-70	207	7	that	that	SCONJ
gujaf-70	207	8	the	the	DET
gujaf-70	207	9	data	data	NOUN
gujaf-70	207	10	points	point	NOUN
gujaf-70	207	11	are	be	AUX
gujaf-70	207	12	distributed	distribute	VERB
gujaf-70	207	13	over	over	ADP
gujaf-70	207	14	a	a	DET
gujaf-70	207	15	large	large	ADJ
gujaf-70	207	16	range	range	NOUN
gujaf-70	207	17	of	of	ADP
gujaf-70	207	18	values	value	NOUN
gujaf-70	207	19	of	of	ADP
gujaf-70	207	20	3.8	3.8	NUM
gujaf-70	207	21	m	m	NOUN
gujaf-70	207	22	(	(	PUNCT
gujaf-70	207	23	i.e.	i.e.	X
gujaf-70	207	24	,	,	PUNCT
gujaf-70	207	25	the	the	DET
gujaf-70	207	26	difference	difference	NOUN
gujaf-70	207	27	between	between	ADP
gujaf-70	207	28	the	the	DET
gujaf-70	207	29	minimum	minimum	NOUN
gujaf-70	207	30	and	and	CCONJ
gujaf-70	207	31	the	the	DET
gujaf-70	207	32	maximum	maximum	ADJ
gujaf-70	207	33	values	value	NOUN
gujaf-70	207	34	of	of	ADP
gujaf-70	207	35	7.7	7.7	NUM
gujaf-70	207	36	m	m	NOUN
gujaf-70	207	37	and	and	CCONJ
gujaf-70	207	38	11.5	11.5	NUM
gujaf-70	207	39	m	m	NOUN
gujaf-70	207	40	)	)	PUNCT
gujaf-70	207	41	.	.	PUNCT
gujaf-70	208	1	the	the	DET
gujaf-70	208	2	average	average	ADJ
gujaf-70	208	3	firm	firm	ADJ
gujaf-70	208	4	age	age	NOUN
gujaf-70	208	5	for	for	ADP
gujaf-70	208	6	the	the	DET
gujaf-70	208	7	sampled	sample	VERB
gujaf-70	208	8	industrial	industrial	ADJ
gujaf-70	208	9	companies	company	NOUN
gujaf-70	208	10	in	in	ADP
gujaf-70	208	11	nigeria	nigeria	PROPN
gujaf-70	208	12	was	be	AUX
gujaf-70	208	13	37	37	NUM
gujaf-70	208	14	years	year	NOUN
gujaf-70	208	15	,	,	PUNCT
gujaf-70	208	16	with	with	ADP
gujaf-70	208	17	a	a	DET
gujaf-70	208	18	minimum	minimum	NOUN
gujaf-70	208	19	of	of	ADP
gujaf-70	208	20	11	11	NUM
gujaf-70	208	21	years	year	NOUN
gujaf-70	208	22	and	and	CCONJ
gujaf-70	208	23	a	a	DET
gujaf-70	208	24	maximum	maximum	NOUN
gujaf-70	208	25	of	of	ADP
gujaf-70	208	26	58	58	NUM
gujaf-70	208	27	years	year	NOUN
gujaf-70	208	28	.	.	PUNCT
gujaf-70	209	1	the	the	DET
gujaf-70	209	2	standard	standard	ADJ
gujaf-70	209	3	deviation	deviation	NOUN
gujaf-70	209	4	value	value	NOUN
gujaf-70	209	5	at	at	ADP
gujaf-70	209	6	10.75	10.75	NUM
gujaf-70	209	7	shows	show	VERB
gujaf-70	209	8	a	a	DET
gujaf-70	209	9	significant	significant	ADJ
gujaf-70	209	10	shift	shift	NOUN
gujaf-70	209	11	in	in	ADP
gujaf-70	209	12	the	the	DET
gujaf-70	209	13	ages	age	NOUN
gujaf-70	209	14	of	of	ADP
gujaf-70	209	15	the	the	DET
gujaf-70	209	16	sampled	sample	VERB
gujaf-70	209	17	industrialized	industrialized	ADJ
gujaf-70	209	18	firms	firm	NOUN
gujaf-70	209	19	in	in	ADP
gujaf-70	209	20	nigeria	nigeria	PROPN
gujaf-70	209	21	.	.	PUNCT
gujaf-70	210	1	however	however	ADV
gujaf-70	210	2	,	,	PUNCT
gujaf-70	210	3	all	all	DET
gujaf-70	210	4	variables	variable	NOUN
gujaf-70	210	5	gusau	gusau	ADJ
gujaf-70	210	6	journal	journal	NOUN
gujaf-70	210	7	of	of	ADP
gujaf-70	210	8	accounting	accounting	NOUN
gujaf-70	210	9	and	and	CCONJ
gujaf-70	210	10	finance	finance	NOUN
gujaf-70	210	11	,	,	PUNCT
gujaf-70	210	12	vol	vol	NOUN
gujaf-70	210	13	.	.	PROPN
gujaf-70	210	14	2	2	NUM
gujaf-70	210	15	,	,	PUNCT
gujaf-70	210	16	issue	issue	NOUN
gujaf-70	210	17	2	2	NUM
gujaf-70	210	18	,	,	PUNCT
gujaf-70	210	19	april	april	PROPN
gujaf-70	210	20	,	,	PUNCT
gujaf-70	210	21	2021	2021	NUM
gujaf-70	210	22	10	10	NUM
gujaf-70	210	23	under	under	ADP
gujaf-70	210	24	analysis	analysis	NOUN
gujaf-70	210	25	are	be	AUX
gujaf-70	210	26	positively	positively	ADV
gujaf-70	210	27	skewed	skew	VERB
gujaf-70	210	28	,	,	PUNCT
gujaf-70	210	29	which	which	PRON
gujaf-70	210	30	means	mean	VERB
gujaf-70	210	31	that	that	SCONJ
gujaf-70	210	32	more	more	ADJ
gujaf-70	210	33	findings	finding	NOUN
gujaf-70	210	34	are	be	AUX
gujaf-70	210	35	produced	produce	VERB
gujaf-70	210	36	in	in	ADP
gujaf-70	210	37	the	the	DET
gujaf-70	210	38	lower	low	ADJ
gujaf-70	210	39	values	value	NOUN
gujaf-70	210	40	;	;	PUNCT
gujaf-70	210	41	this	this	PRON
gujaf-70	210	42	occurs	occur	VERB
gujaf-70	210	43	because	because	SCONJ
gujaf-70	210	44	the	the	DET
gujaf-70	210	45	right	right	ADJ
gujaf-70	210	46	side	side	NOUN
gujaf-70	210	47	of	of	ADP
gujaf-70	210	48	the	the	DET
gujaf-70	210	49	axis	axis	NOUN
gujaf-70	210	50	has	have	VERB
gujaf-70	210	51	the	the	DET
gujaf-70	210	52	histogram	histogram	NOUN
gujaf-70	210	53	's	's	PART
gujaf-70	210	54	peak	peak	NOUN
gujaf-70	210	55	.	.	PUNCT
gujaf-70	211	1	the	the	DET
gujaf-70	211	2	kurtosis	kurtosis	NOUN
gujaf-70	211	3	of	of	ADP
gujaf-70	211	4	the	the	DET
gujaf-70	211	5	variables	variable	NOUN
gujaf-70	211	6	in	in	ADP
gujaf-70	211	7	the	the	DET
gujaf-70	211	8	analysis	analysis	NOUN
gujaf-70	211	9	reveals	reveal	VERB
gujaf-70	211	10	the	the	DET
gujaf-70	211	11	features	feature	NOUN
gujaf-70	211	12	of	of	ADP
gujaf-70	211	13	the	the	DET
gujaf-70	211	14	platykurtic	platykurtic	ADJ
gujaf-70	211	15	and	and	CCONJ
gujaf-70	211	16	leptokurtic	leptokurtic	ADJ
gujaf-70	211	17	curves	curve	NOUN
gujaf-70	211	18	.	.	PUNCT
gujaf-70	212	1	the	the	DET
gujaf-70	212	2	curve	curve	NOUN
gujaf-70	212	3	peak	peak	NOUN
gujaf-70	212	4	is	be	AUX
gujaf-70	212	5	less	less	ADV
gujaf-70	212	6	noticeable	noticeable	ADJ
gujaf-70	212	7	than	than	ADP
gujaf-70	212	8	the	the	DET
gujaf-70	212	9	standard	standard	ADJ
gujaf-70	212	10	curve	curve	NOUN
gujaf-70	212	11	in	in	ADP
gujaf-70	212	12	all	all	DET
gujaf-70	212	13	variables	variable	NOUN
gujaf-70	212	14	except	except	SCONJ
gujaf-70	212	15	the	the	DET
gujaf-70	212	16	board	board	NOUN
gujaf-70	212	17	composition	composition	NOUN
gujaf-70	212	18	,	,	PUNCT
gujaf-70	212	19	which	which	PRON
gujaf-70	212	20	is	be	AUX
gujaf-70	212	21	more	more	ADV
gujaf-70	212	22	conspicuous	conspicuous	ADJ
gujaf-70	212	23	than	than	ADP
gujaf-70	212	24	the	the	DET
gujaf-70	212	25	standard	standard	ADJ
gujaf-70	212	26	curve	curve	NOUN
gujaf-70	212	27	.	.	PUNCT
gujaf-70	213	1	table	table	NOUN
gujaf-70	213	2	3	3	NUM
gujaf-70	213	3	:	:	PUNCT
gujaf-70	213	4	correlation	correlation	NOUN
gujaf-70	213	5	matrix	matrix	NOUN
gujaf-70	213	6	v	v	ADP
gujaf-70	213	7	mps	mps	PROPN
gujaf-70	213	8	dpr	dpr	PROPN
gujaf-70	213	9	prf	prf	PROPN
gujaf-70	213	10	lev	lev	PROPN
gujaf-70	213	11	fsz	fsz	PROPN
gujaf-70	213	12	gwt	gwt	PROPN
gujaf-70	213	13	age	age	NOUN
gujaf-70	213	14	vif	vif	PROPN
gujaf-70	213	15	mps	mps	PROPN
gujaf-70	213	16	1.0000	1.0000	NUM
gujaf-70	213	17	dpr	dpr	PROPN
gujaf-70	213	18	0.3582	0.3582	NUM
gujaf-70	213	19	1.0000	1.0000	NUM
gujaf-70	213	20	1.96	1.96	NUM
gujaf-70	213	21	prf	prf	PROPN
gujaf-70	213	22	0.1725	0.1725	NUM
gujaf-70	213	23	0.4798	0.4798	NUM
gujaf-70	213	24	1.0000	1.0000	NUM
gujaf-70	213	25	1.94	1.94	NUM
gujaf-70	213	26	lev	lev	NOUN
gujaf-70	213	27	-0.078	-0.078	X
gujaf-70	213	28	-0.064	-0.064	PUNCT
gujaf-70	213	29	-0.058	-0.058	PROPN
gujaf-70	213	30	1.0000	1.0000	NUM
gujaf-70	213	31	1.29	1.29	NUM
gujaf-70	213	32	fsz	fsz	NOUN
gujaf-70	213	33	0.4950	0.4950	NUM
gujaf-70	213	34	0.1899	0.1899	NUM
gujaf-70	213	35	0.0497	0.0497	NUM
gujaf-70	213	36	-0.277	-0.277	NOUN
gujaf-70	213	37	1.0000	1.0000	NUM
gujaf-70	213	38	2.16	2.16	NUM
gujaf-70	213	39	gwt	gwt	VERB
gujaf-70	213	40	0.5523	0.5523	NUM
gujaf-70	213	41	0.2833	0.2833	NUM
gujaf-70	213	42	0.0846	0.0846	NUM
gujaf-70	213	43	-0.049	-0.049	PUNCT
gujaf-70	213	44	0.561	0.561	NUM
gujaf-70	213	45	1.0000	1.0000	NUM
gujaf-70	213	46	2.51	2.51	NUM
gujaf-70	213	47	age	age	NOUN
gujaf-70	213	48	0.0186	0.0186	NUM
gujaf-70	213	49	0.3320	0.3320	NUM
gujaf-70	213	50	0.2398	0.2398	NUM
gujaf-70	213	51	-0.037	-0.037	PUNCT
gujaf-70	213	52	0.014	0.014	NUM
gujaf-70	213	53	0.0248	0.0248	NUM
gujaf-70	213	54	1.0000	1.0000	NUM
gujaf-70	213	55	1.26	1.26	NUM
gujaf-70	213	56	source	source	NOUN
gujaf-70	213	57	:	:	PUNCT
gujaf-70	213	58	correlation	correlation	NOUN
gujaf-70	213	59	matrix	matrix	NOUN
gujaf-70	213	60	using	use	VERB
gujaf-70	213	61	stata	stata	NOUN
gujaf-70	213	62	13.0	13.0	NUM
gujaf-70	213	63	the	the	DET
gujaf-70	213	64	above	above	ADJ
gujaf-70	213	65	table	table	NOUN
gujaf-70	213	66	3	3	NUM
gujaf-70	213	67	shows	show	VERB
gujaf-70	213	68	that	that	SCONJ
gujaf-70	213	69	the	the	DET
gujaf-70	213	70	common	common	ADJ
gujaf-70	213	71	stock	stock	NOUN
gujaf-70	213	72	share	share	NOUN
gujaf-70	213	73	price	price	NOUN
gujaf-70	213	74	is	be	AUX
gujaf-70	213	75	weak	weak	ADJ
gujaf-70	213	76	and	and	CCONJ
gujaf-70	213	77	positively	positively	ADV
gujaf-70	213	78	associated	associate	VERB
gujaf-70	213	79	with	with	ADP
gujaf-70	213	80	the	the	DET
gujaf-70	213	81	dividend	dividend	NOUN
gujaf-70	213	82	payout	payout	NOUN
gujaf-70	213	83	ratio	ratio	NOUN
gujaf-70	213	84	,	,	PUNCT
gujaf-70	213	85	profitability	profitability	NOUN
gujaf-70	213	86	,	,	PUNCT
gujaf-70	213	87	leverage	leverage	NOUN
gujaf-70	213	88	,	,	PUNCT
gujaf-70	213	89	firm	firm	ADJ
gujaf-70	213	90	size	size	NOUN
gujaf-70	213	91	,	,	PUNCT
gujaf-70	213	92	and	and	CCONJ
gujaf-70	213	93	age	age	NOUN
gujaf-70	213	94	at	at	ADP
gujaf-70	213	95	36	36	NUM
gujaf-70	213	96	percent	percent	NOUN
gujaf-70	213	97	,	,	PUNCT
gujaf-70	213	98	17	17	NUM
gujaf-70	213	99	percent	percent	NOUN
gujaf-70	213	100	,	,	PUNCT
gujaf-70	213	101	50	50	NUM
gujaf-70	213	102	percent	percent	NOUN
gujaf-70	213	103	,	,	PUNCT
gujaf-70	213	104	55	55	NUM
gujaf-70	213	105	percent	percent	NOUN
gujaf-70	213	106	and	and	CCONJ
gujaf-70	213	107	1.9	1.9	NUM
gujaf-70	213	108	,	,	PUNCT
gujaf-70	213	109	respectively	respectively	ADV
gujaf-70	213	110	,	,	PUNCT
gujaf-70	213	111	except	except	SCONJ
gujaf-70	213	112	for	for	ADP
gujaf-70	213	113	growth	growth	NOUN
gujaf-70	213	114	and	and	CCONJ
gujaf-70	213	115	firm	firm	ADJ
gujaf-70	213	116	size	size	NOUN
gujaf-70	213	117	,	,	PUNCT
gujaf-70	213	118	which	which	PRON
gujaf-70	213	119	shows	show	VERB
gujaf-70	213	120	a	a	DET
gujaf-70	213	121	strong	strong	ADJ
gujaf-70	213	122	and	and	CCONJ
gujaf-70	213	123	positive	positive	ADJ
gujaf-70	213	124	correlation	correlation	NOUN
gujaf-70	213	125	between	between	ADP
gujaf-70	213	126	55	55	NUM
gujaf-70	213	127	percent	percent	NOUN
gujaf-70	213	128	and	and	CCONJ
gujaf-70	213	129	50	50	NUM
gujaf-70	213	130	percent	percent	NOUN
gujaf-70	213	131	.	.	PUNCT
gujaf-70	214	1	however	however	ADV
gujaf-70	214	2	,	,	PUNCT
gujaf-70	214	3	the	the	DET
gujaf-70	214	4	leverage	leverage	NOUN
gujaf-70	214	5	ratio	ratio	NOUN
gujaf-70	214	6	is	be	AUX
gujaf-70	214	7	negatively	negatively	ADV
gujaf-70	214	8	correlated	correlate	VERB
gujaf-70	214	9	with	with	ADP
gujaf-70	214	10	the	the	DET
gujaf-70	214	11	common	common	ADJ
gujaf-70	214	12	stock	stock	NOUN
gujaf-70	214	13	market	market	NOUN
gujaf-70	214	14	price	price	NOUN
gujaf-70	214	15	at	at	ADP
gujaf-70	214	16	7.8	7.8	NUM
gujaf-70	214	17	percent	percent	NOUN
gujaf-70	214	18	.	.	PUNCT
gujaf-70	215	1	the	the	DET
gujaf-70	215	2	dividend	dividend	NOUN
gujaf-70	215	3	payout	payout	NOUN
gujaf-70	215	4	ratio	ratio	NOUN
gujaf-70	215	5	was	be	AUX
gujaf-70	215	6	positively	positively	ADV
gujaf-70	215	7	associated	associate	VERB
gujaf-70	215	8	with	with	ADP
gujaf-70	215	9	profitability	profitability	NOUN
gujaf-70	215	10	,	,	PUNCT
gujaf-70	215	11	leverage	leverage	NOUN
gujaf-70	215	12	,	,	PUNCT
gujaf-70	215	13	productivity	productivity	NOUN
gujaf-70	215	14	,	,	PUNCT
gujaf-70	215	15	firm	firm	ADJ
gujaf-70	215	16	size	size	NOUN
gujaf-70	215	17	and	and	CCONJ
gujaf-70	215	18	age	age	NOUN
gujaf-70	215	19	at	at	ADP
gujaf-70	215	20	48	48	NUM
gujaf-70	215	21	percent	percent	NOUN
gujaf-70	215	22	,	,	PUNCT
gujaf-70	215	23	19	19	NUM
gujaf-70	215	24	percent	percent	NOUN
gujaf-70	215	25	,	,	PUNCT
gujaf-70	215	26	28	28	NUM
gujaf-70	215	27	percent	percent	NOUN
gujaf-70	215	28	,	,	PUNCT
gujaf-70	215	29	and	and	CCONJ
gujaf-70	215	30	33	33	NUM
gujaf-70	215	31	percent	percent	NOUN
gujaf-70	215	32	,	,	PUNCT
gujaf-70	215	33	respectively	respectively	ADV
gujaf-70	215	34	.	.	PUNCT
gujaf-70	216	1	the	the	DET
gujaf-70	216	2	ratio	ratio	NOUN
gujaf-70	216	3	of	of	ADP
gujaf-70	216	4	debt	debt	NOUN
gujaf-70	216	5	to	to	PART
gujaf-70	216	6	dividend	dividend	VERB
gujaf-70	216	7	pay	pay	VERB
gujaf-70	216	8	-	-	PUNCT
gujaf-70	216	9	out	out	NOUN
gujaf-70	216	10	is	be	AUX
gujaf-70	216	11	negative	negative	ADJ
gujaf-70	216	12	and	and	CCONJ
gujaf-70	216	13	low	low	ADJ
gujaf-70	216	14	at	at	ADP
gujaf-70	216	15	6.4	6.4	NUM
gujaf-70	216	16	%	%	NOUN
gujaf-70	216	17	.	.	PUNCT
gujaf-70	217	1	profitability	profitability	NOUN
gujaf-70	217	2	has	have	VERB
gujaf-70	217	3	a	a	DET
gujaf-70	217	4	poor	poor	ADJ
gujaf-70	217	5	positive	positive	ADJ
gujaf-70	217	6	correlation	correlation	NOUN
gujaf-70	217	7	with	with	ADP
gujaf-70	217	8	firm	firm	ADJ
gujaf-70	217	9	scale	scale	NOUN
gujaf-70	217	10	,	,	PUNCT
gujaf-70	217	11	development	development	NOUN
gujaf-70	217	12	and	and	CCONJ
gujaf-70	217	13	age	age	NOUN
gujaf-70	217	14	at	at	ADP
gujaf-70	217	15	5.0	5.0	NUM
gujaf-70	217	16	percent	percent	NOUN
gujaf-70	217	17	,	,	PUNCT
gujaf-70	217	18	8.5	8.5	NUM
gujaf-70	217	19	percent	percent	NOUN
gujaf-70	217	20	and	and	CCONJ
gujaf-70	217	21	24	24	NUM
gujaf-70	217	22	percent	percent	NOUN
gujaf-70	217	23	.	.	PUNCT
gujaf-70	218	1	however	however	ADV
gujaf-70	218	2	,	,	PUNCT
gujaf-70	218	3	profitability	profitability	NOUN
gujaf-70	218	4	and	and	CCONJ
gujaf-70	218	5	leverage	leverage	NOUN
gujaf-70	218	6	were	be	AUX
gujaf-70	218	7	negatively	negatively	ADV
gujaf-70	218	8	correlated	correlate	VERB
gujaf-70	218	9	at	at	ADP
gujaf-70	218	10	5.8	5.8	NUM
gujaf-70	218	11	%	%	NOUN
gujaf-70	218	12	.	.	PUNCT
gujaf-70	219	1	likewise	likewise	ADV
gujaf-70	219	2	,	,	PUNCT
gujaf-70	219	3	leverage	leverage	NOUN
gujaf-70	219	4	has	have	VERB
gujaf-70	219	5	a	a	DET
gujaf-70	219	6	low	low	ADJ
gujaf-70	219	7	negative	negative	ADJ
gujaf-70	219	8	association	association	NOUN
gujaf-70	219	9	with	with	ADP
gujaf-70	219	10	firm	firm	ADJ
gujaf-70	219	11	size	size	NOUN
gujaf-70	219	12	,	,	PUNCT
gujaf-70	219	13	growth	growth	NOUN
gujaf-70	219	14	,	,	PUNCT
gujaf-70	219	15	and	and	CCONJ
gujaf-70	219	16	age	age	NOUN
gujaf-70	219	17	at	at	ADP
gujaf-70	219	18	28	28	NUM
gujaf-70	219	19	percent	percent	NOUN
gujaf-70	219	20	,	,	PUNCT
gujaf-70	219	21	4.9	4.9	NUM
gujaf-70	219	22	percent	percent	NOUN
gujaf-70	219	23	,	,	PUNCT
gujaf-70	219	24	and	and	CCONJ
gujaf-70	219	25	3.7	3.7	NUM
gujaf-70	219	26	percent	percent	NOUN
gujaf-70	219	27	.	.	PUNCT
gujaf-70	220	1	also	also	ADV
gujaf-70	220	2	,	,	PUNCT
gujaf-70	220	3	firm	firm	ADJ
gujaf-70	220	4	size	size	NOUN
gujaf-70	220	5	has	have	VERB
gujaf-70	220	6	a	a	DET
gujaf-70	220	7	favorable	favorable	ADJ
gujaf-70	220	8	relationship	relationship	NOUN
gujaf-70	220	9	with	with	ADP
gujaf-70	220	10	growth	growth	NOUN
gujaf-70	220	11	and	and	CCONJ
gujaf-70	220	12	age	age	NOUN
gujaf-70	220	13	at	at	ADP
gujaf-70	220	14	56	56	NUM
gujaf-70	220	15	percent	percent	NOUN
gujaf-70	220	16	and	and	CCONJ
gujaf-70	220	17	1.4	1.4	NUM
gujaf-70	220	18	percent	percent	NOUN
gujaf-70	220	19	.	.	PUNCT
gujaf-70	221	1	age	age	NOUN
gujaf-70	221	2	and	and	CCONJ
gujaf-70	221	3	development	development	NOUN
gujaf-70	221	4	are	be	AUX
gujaf-70	221	5	low	low	ADJ
gujaf-70	221	6	but	but	CCONJ
gujaf-70	221	7	positively	positively	ADV
gujaf-70	221	8	correlated	correlate	VERB
gujaf-70	221	9	at	at	ADP
gujaf-70	221	10	2.5	2.5	NUM
gujaf-70	221	11	%	%	NOUN
gujaf-70	221	12	.	.	PUNCT
gujaf-70	222	1	the	the	DET
gujaf-70	222	2	outcome	outcome	NOUN
gujaf-70	222	3	of	of	ADP
gujaf-70	222	4	the	the	DET
gujaf-70	222	5	vif	vif	NOUN
gujaf-70	222	6	for	for	ADP
gujaf-70	222	7	the	the	DET
gujaf-70	222	8	particular	particular	ADJ
gujaf-70	222	9	variable	variable	NOUN
gujaf-70	222	10	indicates	indicate	VERB
gujaf-70	222	11	normal	normal	ADJ
gujaf-70	222	12	behavior	behavior	NOUN
gujaf-70	222	13	since	since	SCONJ
gujaf-70	222	14	no	no	DET
gujaf-70	222	15	variable	variable	NOUN
gujaf-70	222	16	surpassed	surpass	VERB
gujaf-70	222	17	the	the	DET
gujaf-70	222	18	benchmark	benchmark	NOUN
gujaf-70	222	19	of	of	ADP
gujaf-70	222	20	10	10	NUM
gujaf-70	222	21	,	,	PUNCT
gujaf-70	222	22	as	as	SCONJ
gujaf-70	222	23	seen	see	VERB
gujaf-70	222	24	in	in	ADP
gujaf-70	222	25	table	table	NOUN
gujaf-70	222	26	4	4	NUM
gujaf-70	222	27	.	.	NOUN
gujaf-70	222	28	4.1	4.1	NUM
gujaf-70	222	29	regression	regression	NOUN
gujaf-70	222	30	result	result	NOUN
gujaf-70	222	31	table	table	NOUN
gujaf-70	222	32	4	4	NUM
gujaf-70	222	33	:	:	PUNCT
gujaf-70	222	34	ols	ol	NOUN
gujaf-70	222	35	and	and	CCONJ
gujaf-70	222	36	gls	gls	NOUN
gujaf-70	222	37	estimate	estimate	VERB
gujaf-70	222	38	variable	variable	ADJ
gujaf-70	222	39	ols	ol	NOUN
gujaf-70	222	40	gls	gls	NOUN
gujaf-70	222	41	(	(	PUNCT
gujaf-70	222	42	random	random	ADJ
gujaf-70	222	43	effect	effect	NOUN
gujaf-70	222	44	)	)	PUNCT
gujaf-70	222	45	coeff	coeff	PROPN
gujaf-70	222	46	.	.	PUNCT
gujaf-70	223	1	t	t	PROPN
gujaf-70	223	2	t>/t/	t>/t/	PROPN
gujaf-70	223	3	coeff	coeff	PROPN
gujaf-70	223	4	.	.	PUNCT
gujaf-70	224	1	z	z	PROPN
gujaf-70	224	2	t>/t/	t>/t/	PRON
gujaf-70	224	3	constant	constant	ADJ
gujaf-70	224	4	-3.3827	-3.3827	NOUN
gujaf-70	224	5	-4.20	-4.20	PRON
gujaf-70	225	1	0.000	0.000	NUM
gujaf-70	225	2	*	*	PUNCT
gujaf-70	225	3	*	*	PUNCT
gujaf-70	225	4	*	*	PROPN
gujaf-70	225	5	-3.3827	-3.3827	PROPN
gujaf-70	225	6	-4.20	-4.20	PRON
gujaf-70	225	7	0.000	0.000	NUM
gujaf-70	225	8	*	*	PUNCT
gujaf-70	225	9	*	*	PUNCT
gujaf-70	225	10	*	*	PUNCT
gujaf-70	225	11	dpr	dpr	PROPN
gujaf-70	225	12	0	0	NUM
gujaf-70	225	13	.	.	NOUN
gujaf-70	225	14	0163	0163	NUM
gujaf-70	225	15	2.56	2.56	NUM
gujaf-70	225	16	0.011	0.011	NUM
gujaf-70	225	17	*	*	PUNCT
gujaf-70	225	18	*	*	PUNCT
gujaf-70	225	19	*	*	PROPN
gujaf-70	225	20	0	0	NUM
gujaf-70	225	21	.	.	NOUN
gujaf-70	225	22	0163	0163	NUM
gujaf-70	225	23	2.56	2.56	NUM
gujaf-70	225	24	0.009	0.009	NUM
gujaf-70	225	25	*	*	PUNCT
gujaf-70	225	26	*	*	PUNCT
gujaf-70	225	27	*	*	PUNCT
gujaf-70	225	28	prf	prf	PROPN
gujaf-70	226	1	6.4359	6.4359	NUM
gujaf-70	226	2	0.93	0.93	NUM
gujaf-70	226	3	0.354	0.354	NUM
gujaf-70	226	4	6.4359	6.4359	NUM
gujaf-70	226	5	0.93	0.93	NUM
gujaf-70	226	6	0.348	0.348	NUM
gujaf-70	226	7	gusau	gusau	ADJ
gujaf-70	226	8	journal	journal	NOUN
gujaf-70	226	9	of	of	ADP
gujaf-70	226	10	accounting	accounting	NOUN
gujaf-70	226	11	and	and	CCONJ
gujaf-70	226	12	finance	finance	NOUN
gujaf-70	226	13	,	,	PUNCT
gujaf-70	226	14	vol	vol	NOUN
gujaf-70	226	15	.	.	PROPN
gujaf-70	226	16	2	2	NUM
gujaf-70	226	17	,	,	PUNCT
gujaf-70	226	18	issue	issue	NOUN
gujaf-70	226	19	2	2	NUM
gujaf-70	226	20	,	,	PUNCT
gujaf-70	226	21	april	april	PROPN
gujaf-70	226	22	,	,	PUNCT
gujaf-70	226	23	2021	2021	NUM
gujaf-70	226	24	11	11	NUM
gujaf-70	226	25	lev	lev	NOUN
gujaf-70	226	26	-26.506	-26.506	NUM
gujaf-70	226	27	-2.94	-2.94	NOUN
gujaf-70	226	28	0.003	0.003	NUM
gujaf-70	226	29	*	*	PUNCT
gujaf-70	226	30	*	*	PUNCT
gujaf-70	226	31	*	*	PUNCT
gujaf-70	226	32	-26.506	-26.506	PUNCT
gujaf-70	226	33	-2.94	-2.94	NOUN
gujaf-70	226	34	0.001	0.001	NUM
gujaf-70	226	35	*	*	NOUN
gujaf-70	226	36	*	*	PUNCT
gujaf-70	226	37	*	*	PUNCT
gujaf-70	226	38	fsz	fsz	PROPN
gujaf-70	226	39	-2.3270	-2.3270	NOUN
gujaf-70	226	40	-2.35	-2.35	NOUN
gujaf-70	226	41	0.019	0.019	NUM
gujaf-70	226	42	*	*	PUNCT
gujaf-70	226	43	*	*	PUNCT
gujaf-70	226	44	-2.3270	-2.3270	NOUN
gujaf-70	226	45	-2.35	-2.35	NOUN
gujaf-70	226	46	0.019	0.019	NUM
gujaf-70	226	47	*	*	AUX
gujaf-70	226	48	*	*	PUNCT
gujaf-70	226	49	gwt	gwt	VERB
gujaf-70	226	50	6.0807	6.0807	NUM
gujaf-70	226	51	16.12	16.12	NUM
gujaf-70	226	52	0.000	0.000	NUM
gujaf-70	226	53	*	*	PUNCT
gujaf-70	226	54	*	*	PUNCT
gujaf-70	226	55	*	*	PUNCT
gujaf-70	227	1	6.0807	6.0807	NUM
gujaf-70	227	2	16.12	16.12	NUM
gujaf-70	227	3	0.001	0.001	NUM
gujaf-70	227	4	*	*	NOUN
gujaf-70	227	5	*	*	PUNCT
gujaf-70	227	6	*	*	PUNCT
gujaf-70	227	7	age	age	NOUN
gujaf-70	227	8	0.4001	0.4001	NUM
gujaf-70	227	9	3.23	3.23	NUM
gujaf-70	227	10	0.001	0.001	NUM
gujaf-70	227	11	*	*	PUNCT
gujaf-70	227	12	*	*	PUNCT
gujaf-70	227	13	*	*	PUNCT
gujaf-70	228	1	0.4001	0.4001	NUM
gujaf-70	228	2	3.23	3.23	NUM
gujaf-70	228	3	0.001	0.001	NUM
gujaf-70	228	4	*	*	PUNCT
gujaf-70	228	5	*	*	PUNCT
gujaf-70	228	6	*	*	PUNCT
gujaf-70	228	7	r	r	NOUN
gujaf-70	228	8	2	2	NUM
gujaf-70	228	9	adj	adj	NOUN
gujaf-70	228	10	.	.	PUNCT
gujaf-70	229	1	r	r	NOUN
gujaf-70	229	2	2	2	NUM
gujaf-70	229	3	obs	obs	PROPN
gujaf-70	229	4	f(sig	f(sig	PROPN
gujaf-70	229	5	)	)	PUNCT
gujaf-70	229	6	prob	prob	NOUN
gujaf-70	229	7	>	>	X
gujaf-70	229	8	f	f	PROPN
gujaf-70	229	9	vif	vif	NOUN
gujaf-70	229	10	mean	mean	PROPN
gujaf-70	229	11	hettest	hett	ADJ
gujaf-70	229	12	chi	chi	NOUN
gujaf-70	229	13	2	2	NUM
gujaf-70	229	14	hettest	hett	ADJ
gujaf-70	229	15	prob	prob	PROPN
gujaf-70	229	16	>	>	X
gujaf-70	229	17	chi	chi	ADJ
gujaf-70	229	18	2	2	NUM
gujaf-70	229	19	sktest	skt	ADJ
gujaf-70	229	20	sktestprob	sktestprob	NOUN
gujaf-70	229	21	>	>	X
gujaf-70	229	22	chi	chi	NOUN
gujaf-70	229	23	2	2	NUM
gujaf-70	229	24	root	root	NOUN
gujaf-70	229	25	mean	mean	VERB
gujaf-70	229	26	0.460	0.460	NUM
gujaf-70	230	1	0.370	0.370	NUM
gujaf-70	230	2	612.0	612.0	NUM
gujaf-70	230	3	78.71	78.71	NUM
gujaf-70	230	4	0.000	0.000	NUM
gujaf-70	230	5	1.850	1.850	NUM
gujaf-70	230	6	24.56	24.56	NUM
gujaf-70	230	7	0.067	0.067	NUM
gujaf-70	230	8	14.56	14.56	NUM
gujaf-70	230	9	0.089	0.089	NUM
gujaf-70	230	10	0.136	0.136	NUM
gujaf-70	230	11	r2	r2	NOUN
gujaf-70	230	12	within	within	ADP
gujaf-70	230	13	----	----	PROPN
gujaf-70	230	14	0.3567	0.3567	NUM
gujaf-70	230	15	between	between	ADP
gujaf-70	230	16	----	----	PUNCT
gujaf-70	230	17	0.5627	0.5627	NUM
gujaf-70	230	18	overall	overall	ADJ
gujaf-70	230	19	----	----	PUNCT
gujaf-70	231	1	0.4623	0.4623	NUM
gujaf-70	231	2	probability	probability	NOUN
gujaf-70	231	3	0.00000	0.00000	NUM
gujaf-70	231	4	probability	probability	NOUN
gujaf-70	231	5	-------0.0000	-------0.0000	PUNCT
gujaf-70	231	6	source	source	NOUN
gujaf-70	231	7	:	:	PUNCT
gujaf-70	231	8	ols	ol	NOUN
gujaf-70	231	9	and	and	CCONJ
gujaf-70	231	10	gls	gls	PROPN
gujaf-70	231	11	estimates	estimate	NOUN
gujaf-70	231	12	using	use	VERB
gujaf-70	231	13	stata	stata	NOUN
gujaf-70	231	14	(	(	PUNCT
gujaf-70	231	15	version	version	NOUN
gujaf-70	231	16	i13.00	i13.00	PROPN
gujaf-70	231	17	)	)	PUNCT
gujaf-70	231	18	.	.	PUNCT
gujaf-70	232	1	note	note	VERB
gujaf-70	232	2	*	*	PUNCT
gujaf-70	232	3	,	,	PUNCT
gujaf-70	232	4	*	*	PUNCT
gujaf-70	232	5	*	*	PUNCT
gujaf-70	232	6	,	,	PUNCT
gujaf-70	232	7	*	*	PUNCT
gujaf-70	232	8	*	*	PUNCT
gujaf-70	232	9	*	*	PUNCT
gujaf-70	232	10	specifies	specifie	NOUN
gujaf-70	232	11	significance	significance	NOUN
gujaf-70	232	12	levels	level	NOUN
gujaf-70	232	13	at	at	ADP
gujaf-70	232	14	10	10	NUM
gujaf-70	232	15	%	%	NOUN
gujaf-70	232	16	,	,	PUNCT
gujaf-70	232	17	5	5	NUM
gujaf-70	232	18	%	%	NOUN
gujaf-70	232	19	,	,	PUNCT
gujaf-70	232	20	&	&	CCONJ
gujaf-70	232	21	1	1	NUM
gujaf-70	232	22	%	%	NOUN
gujaf-70	232	23	respectively	respectively	ADV
gujaf-70	232	24	.	.	PUNCT
gujaf-70	233	1	the	the	DET
gujaf-70	233	2	regression	regression	NOUN
gujaf-70	233	3	results	result	NOUN
gujaf-70	233	4	(	(	PUNCT
gujaf-70	233	5	ols	ol	NOUN
gujaf-70	233	6	and	and	CCONJ
gujaf-70	233	7	gls	gls	PROPN
gujaf-70	233	8	)	)	PUNCT
gujaf-70	233	9	in	in	ADP
gujaf-70	233	10	table	table	NOUN
gujaf-70	233	11	4	4	NUM
gujaf-70	233	12	show	show	VERB
gujaf-70	233	13	that	that	SCONJ
gujaf-70	233	14	the	the	DET
gujaf-70	233	15	probability	probability	NOUN
gujaf-70	233	16	-	-	PUNCT
gujaf-70	233	17	value	value	NOUN
gujaf-70	233	18	of	of	ADP
gujaf-70	233	19	the	the	DET
gujaf-70	233	20	0.0000	0.0000	NUM
gujaf-70	233	21	model	model	NOUN
gujaf-70	233	22	shows	show	VERB
gujaf-70	233	23	that	that	SCONJ
gujaf-70	233	24	the	the	DET
gujaf-70	233	25	relationship	relationship	NOUN
gujaf-70	233	26	between	between	ADP
gujaf-70	233	27	the	the	DET
gujaf-70	233	28	dividend	dividend	NOUN
gujaf-70	233	29	payout	payout	NOUN
gujaf-70	233	30	ratio	ratio	NOUN
gujaf-70	233	31	and	and	CCONJ
gujaf-70	233	32	the	the	DET
gujaf-70	233	33	market	market	NOUN
gujaf-70	233	34	price	price	NOUN
gujaf-70	233	35	of	of	ADP
gujaf-70	233	36	the	the	DET
gujaf-70	233	37	sampled	sample	VERB
gujaf-70	233	38	industrial	industrial	ADJ
gujaf-70	233	39	companies	company	NOUN
gujaf-70	233	40	'	'	PART
gujaf-70	233	41	common	common	ADJ
gujaf-70	233	42	stock	stock	NOUN
gujaf-70	233	43	is	be	AUX
gujaf-70	233	44	statistically	statistically	ADV
gujaf-70	233	45	meaningful	meaningful	ADJ
gujaf-70	233	46	.	.	PUNCT
gujaf-70	234	1	besides	besides	ADV
gujaf-70	234	2	,	,	PUNCT
gujaf-70	234	3	the	the	DET
gujaf-70	234	4	log	log	NOUN
gujaf-70	234	5	-	-	PUNCT
gujaf-70	234	6	likelihood	likelihood	NOUN
gujaf-70	234	7	(	(	PUNCT
gujaf-70	234	8	f	f	X
gujaf-70	234	9	-	-	PUNCT
gujaf-70	234	10	statistics	statistic	NOUN
gujaf-70	234	11	)	)	PUNCT
gujaf-70	234	12	estimate	estimate	NOUN
gujaf-70	234	13	of	of	ADP
gujaf-70	234	14	78.71	78.71	NUM
gujaf-70	234	15	suggests	suggest	VERB
gujaf-70	234	16	that	that	SCONJ
gujaf-70	234	17	the	the	DET
gujaf-70	234	18	research	research	NOUN
gujaf-70	234	19	model	model	NOUN
gujaf-70	234	20	is	be	AUX
gujaf-70	234	21	reasonably	reasonably	ADV
gujaf-70	234	22	fit	fit	ADJ
gujaf-70	234	23	and	and	CCONJ
gujaf-70	234	24	,	,	PUNCT
gujaf-70	234	25	as	as	ADP
gujaf-70	234	26	such	such	ADJ
gujaf-70	234	27	,	,	PUNCT
gujaf-70	234	28	the	the	DET
gujaf-70	234	29	variables	variable	NOUN
gujaf-70	234	30	in	in	ADP
gujaf-70	234	31	the	the	DET
gujaf-70	234	32	model	model	NOUN
gujaf-70	234	33	have	have	AUX
gujaf-70	234	34	been	be	AUX
gujaf-70	234	35	sufficiently	sufficiently	ADV
gujaf-70	234	36	chosen	choose	VERB
gujaf-70	234	37	,	,	PUNCT
gujaf-70	234	38	combined	combine	VERB
gujaf-70	234	39	,	,	PUNCT
gujaf-70	234	40	and	and	CCONJ
gujaf-70	234	41	used	use	VERB
gujaf-70	234	42	.	.	PUNCT
gujaf-70	235	1	it	it	PRON
gujaf-70	235	2	also	also	ADV
gujaf-70	235	3	means	mean	VERB
gujaf-70	235	4	that	that	SCONJ
gujaf-70	235	5	the	the	DET
gujaf-70	235	6	relationship	relationship	NOUN
gujaf-70	235	7	between	between	ADP
gujaf-70	235	8	the	the	DET
gujaf-70	235	9	dependent	dependent	ADJ
gujaf-70	235	10	variable	variable	NOUN
gujaf-70	235	11	and	and	CCONJ
gujaf-70	235	12	the	the	DET
gujaf-70	235	13	independent	independent	ADJ
gujaf-70	235	14	variables	variable	NOUN
gujaf-70	235	15	is	be	AUX
gujaf-70	235	16	not	not	PART
gujaf-70	235	17	due	due	ADJ
gujaf-70	235	18	to	to	ADP
gujaf-70	235	19	chance	chance	NOUN
gujaf-70	235	20	,	,	PUNCT
gujaf-70	235	21	as	as	SCONJ
gujaf-70	235	22	the	the	DET
gujaf-70	235	23	result	result	NOUN
gujaf-70	235	24	and	and	CCONJ
gujaf-70	235	25	the	the	DET
gujaf-70	235	26	inferences	inference	NOUN
gujaf-70	235	27	drawn	draw	VERB
gujaf-70	235	28	from	from	ADP
gujaf-70	235	29	the	the	DET
gujaf-70	235	30	results	result	NOUN
gujaf-70	235	31	could	could	AUX
gujaf-70	235	32	be	be	AUX
gujaf-70	235	33	depended	depend	VERB
gujaf-70	235	34	on	on	ADP
gujaf-70	235	35	by	by	ADP
gujaf-70	235	36	99	99	NUM
gujaf-70	235	37	percent	percent	NOUN
gujaf-70	235	38	on	on	ADP
gujaf-70	235	39	the	the	DET
gujaf-70	235	40	1	1	NUM
gujaf-70	235	41	percent	percent	NOUN
gujaf-70	235	42	significance	significance	NOUN
gujaf-70	235	43	stage	stage	NOUN
gujaf-70	235	44	,	,	PUNCT
gujaf-70	235	45	i.e.	i.e.	X
gujaf-70	235	46	,	,	PUNCT
gujaf-70	235	47	prob	prob	INTJ
gujaf-70	235	48	>	>	X
gujaf-70	236	1	chi2	chi2	PROPN
gujaf-70	236	2	=	=	NOUN
gujaf-70	236	3	0.0000	0.0000	NUM
gujaf-70	236	4	.	.	PUNCT
gujaf-70	237	1	the	the	DET
gujaf-70	237	2	p	p	NOUN
gujaf-70	237	3	-	-	PUNCT
gujaf-70	237	4	value	value	NOUN
gujaf-70	237	5	of	of	ADP
gujaf-70	237	6	prob	prob	PROPN
gujaf-70	237	7	>	>	X
gujaf-70	237	8	chi2	chi2	PROPN
gujaf-70	237	9	is	be	AUX
gujaf-70	237	10	statistically	statistically	ADV
gujaf-70	237	11	significant	significant	ADJ
gujaf-70	237	12	at	at	ADP
gujaf-70	237	13	1	1	NUM
gujaf-70	237	14	%	%	NOUN
gujaf-70	237	15	,	,	PUNCT
gujaf-70	237	16	which	which	PRON
gujaf-70	237	17	implies	imply	VERB
gujaf-70	237	18	that	that	SCONJ
gujaf-70	237	19	its	its	PRON
gujaf-70	237	20	predictors	predictor	NOUN
gujaf-70	237	21	predict	predict	VERB
gujaf-70	237	22	dependent	dependent	ADJ
gujaf-70	237	23	variables	variable	NOUN
gujaf-70	237	24	accurately	accurately	ADV
gujaf-70	237	25	.	.	PUNCT
gujaf-70	238	1	the	the	DET
gujaf-70	238	2	estimate	estimate	NOUN
gujaf-70	238	3	records	record	VERB
gujaf-70	238	4	r2	r2	PROPN
gujaf-70	238	5	at	at	ADP
gujaf-70	238	6	46	46	NUM
gujaf-70	238	7	%	%	NOUN
gujaf-70	238	8	,	,	PUNCT
gujaf-70	238	9	which	which	PRON
gujaf-70	238	10	specifies	specify	VERB
gujaf-70	238	11	the	the	DET
gujaf-70	238	12	degree	degree	NOUN
gujaf-70	238	13	to	to	PART
gujaf-70	238	14	which	which	PRON
gujaf-70	238	15	the	the	DET
gujaf-70	238	16	independent	independent	ADJ
gujaf-70	238	17	variables	variable	NOUN
gujaf-70	238	18	clarified	clarify	VERB
gujaf-70	238	19	the	the	DET
gujaf-70	238	20	common	common	ADJ
gujaf-70	238	21	stock	stock	NOUN
gujaf-70	238	22	's	's	PART
gujaf-70	238	23	dependent	dependent	ADJ
gujaf-70	238	24	market	market	NOUN
gujaf-70	238	25	price	price	NOUN
gujaf-70	238	26	.	.	PUNCT
gujaf-70	239	1	just	just	ADV
gujaf-70	239	2	54	54	NUM
gujaf-70	239	3	%	%	NOUN
gujaf-70	239	4	are	be	AUX
gujaf-70	239	5	responsible	responsible	ADJ
gujaf-70	239	6	for	for	ADP
gujaf-70	239	7	variables	variable	NOUN
gujaf-70	239	8	not	not	PART
gujaf-70	239	9	included	include	VERB
gujaf-70	239	10	in	in	ADP
gujaf-70	239	11	this	this	DET
gujaf-70	239	12	model	model	NOUN
gujaf-70	239	13	.	.	PUNCT
gujaf-70	240	1	the	the	DET
gujaf-70	240	2	modified	modify	VERB
gujaf-70	240	3	r2	r2	PROPN
gujaf-70	240	4	shows	show	VERB
gujaf-70	240	5	that	that	SCONJ
gujaf-70	240	6	the	the	DET
gujaf-70	240	7	explanatory	explanatory	ADJ
gujaf-70	240	8	variable	variable	NOUN
gujaf-70	240	9	can	can	AUX
gujaf-70	240	10	explain	explain	VERB
gujaf-70	240	11	the	the	DET
gujaf-70	240	12	explained	explain	VERB
gujaf-70	240	13	variable	variable	NOUN
gujaf-70	240	14	by	by	ADP
gujaf-70	240	15	37	37	NUM
gujaf-70	240	16	%	%	NOUN
gujaf-70	240	17	,	,	PUNCT
gujaf-70	240	18	leaving	leave	VERB
gujaf-70	240	19	an	an	DET
gujaf-70	240	20	error	error	NOUN
gujaf-70	240	21	of	of	ADP
gujaf-70	240	22	63	63	NUM
gujaf-70	240	23	%	%	NOUN
gujaf-70	240	24	.	.	PUNCT
gujaf-70	241	1	it	it	PRON
gujaf-70	241	2	demonstrates	demonstrate	VERB
gujaf-70	241	3	the	the	DET
gujaf-70	241	4	power	power	NOUN
gujaf-70	241	5	,	,	PUNCT
gujaf-70	241	6	applicability	applicability	NOUN
gujaf-70	241	7	,	,	PUNCT
gujaf-70	241	8	and	and	CCONJ
gujaf-70	241	9	usefulness	usefulness	NOUN
gujaf-70	241	10	of	of	ADP
gujaf-70	241	11	the	the	DET
gujaf-70	241	12	model	model	NOUN
gujaf-70	241	13	in	in	ADP
gujaf-70	241	14	deciding	decide	VERB
gujaf-70	241	15	how	how	SCONJ
gujaf-70	241	16	the	the	DET
gujaf-70	241	17	dividend	dividend	NOUN
gujaf-70	241	18	payout	payout	NOUN
gujaf-70	241	19	ratio	ratio	NOUN
gujaf-70	241	20	affects	affect	VERB
gujaf-70	241	21	the	the	DET
gujaf-70	241	22	share	share	NOUN
gujaf-70	241	23	price	price	NOUN
gujaf-70	241	24	of	of	ADP
gujaf-70	241	25	the	the	DET
gujaf-70	241	26	common	common	ADJ
gujaf-70	241	27	stock	stock	NOUN
gujaf-70	241	28	of	of	ADP
gujaf-70	241	29	listed	list	VERB
gujaf-70	241	30	industrialized	industrialize	VERB
gujaf-70	241	31	firms	firm	NOUN
gujaf-70	241	32	in	in	ADP
gujaf-70	241	33	nigeria	nigeria	PROPN
gujaf-70	241	34	.	.	PUNCT
gujaf-70	242	1	it	it	PRON
gujaf-70	242	2	was	be	AUX
gujaf-70	242	3	deemed	deem	VERB
gujaf-70	242	4	satisfactory	satisfactory	ADJ
gujaf-70	242	5	because	because	SCONJ
gujaf-70	242	6	10	10	NUM
gujaf-70	242	7	percent	percent	NOUN
gujaf-70	242	8	r	r	NOUN
gujaf-70	242	9	-	-	PUNCT
gujaf-70	242	10	square	square	NOUN
gujaf-70	242	11	was	be	AUX
gujaf-70	242	12	widely	widely	ADV
gujaf-70	242	13	agreed	agree	VERB
gujaf-70	242	14	for	for	ADP
gujaf-70	242	15	studies	study	NOUN
gujaf-70	242	16	in	in	ADP
gujaf-70	242	17	the	the	DET
gujaf-70	242	18	arts	art	NOUN
gujaf-70	242	19	,	,	PUNCT
gujaf-70	242	20	humanities	humanity	NOUN
gujaf-70	242	21	,	,	PUNCT
gujaf-70	242	22	and	and	CCONJ
gujaf-70	242	23	social	social	ADJ
gujaf-70	242	24	sciences	science	NOUN
gujaf-70	242	25	because	because	SCONJ
gujaf-70	242	26	human	human	ADJ
gujaf-70	242	27	behavior	behavior	NOUN
gujaf-70	242	28	could	could	AUX
gujaf-70	242	29	not	not	PART
gujaf-70	242	30	be	be	AUX
gujaf-70	242	31	reliably	reliably	ADV
gujaf-70	242	32	predicted	predict	VERB
gujaf-70	242	33	,	,	PUNCT
gujaf-70	242	34	and	and	CCONJ
gujaf-70	242	35	thus	thus	ADV
gujaf-70	242	36	low	low	ADJ
gujaf-70	242	37	r	r	NOUN
gujaf-70	242	38	-	-	PUNCT
gujaf-70	242	39	square	square	NOUN
gujaf-70	242	40	is	be	AUX
gujaf-70	242	41	also	also	ADV
gujaf-70	242	42	not	not	PART
gujaf-70	242	43	an	an	DET
gujaf-70	242	44	issue	issue	NOUN
gujaf-70	242	45	in	in	ADP
gujaf-70	242	46	studies	study	NOUN
gujaf-70	242	47	in	in	ADP
gujaf-70	242	48	the	the	DET
gujaf-70	242	49	arts	art	NOUN
gujaf-70	242	50	,	,	PUNCT
gujaf-70	242	51	humanities	humanity	NOUN
gujaf-70	242	52	,	,	PUNCT
gujaf-70	242	53	and	and	CCONJ
gujaf-70	242	54	social	social	ADJ
gujaf-70	242	55	sciences	science	NOUN
gujaf-70	242	56	.	.	PUNCT
gujaf-70	243	1	however	however	ADV
gujaf-70	243	2	,	,	PUNCT
gujaf-70	243	3	the	the	DET
gujaf-70	243	4	breusch	breusch	NOUN
gujaf-70	243	5	and	and	CCONJ
gujaf-70	243	6	pagan	pagan	VERB
gujaf-70	243	7	lagrangian	lagrangian	ADJ
gujaf-70	243	8	multiplier	multipli	ADJ
gujaf-70	243	9	experiments	experiment	NOUN
gujaf-70	243	10	were	be	AUX
gujaf-70	243	11	performed	perform	VERB
gujaf-70	243	12	for	for	ADP
gujaf-70	243	13	random	random	ADJ
gujaf-70	243	14	effects	effect	NOUN
gujaf-70	243	15	.	.	PUNCT
gujaf-70	244	1	the	the	DET
gujaf-70	244	2	likelihood	likelihood	NOUN
gujaf-70	244	3	shown	show	VERB
gujaf-70	244	4	by	by	ADP
gujaf-70	244	5	0.0000	0.0000	NUM
gujaf-70	244	6	shows	show	VERB
gujaf-70	244	7	the	the	DET
gujaf-70	244	8	choice	choice	NOUN
gujaf-70	244	9	of	of	ADP
gujaf-70	244	10	the	the	DET
gujaf-70	244	11	random	random	ADJ
gujaf-70	244	12	effect	effect	NOUN
gujaf-70	244	13	of	of	ADP
gujaf-70	244	14	gls	gls	PROPN
gujaf-70	244	15	over	over	ADP
gujaf-70	244	16	ols	ol	NOUN
gujaf-70	244	17	.	.	PUNCT
gujaf-70	245	1	the	the	DET
gujaf-70	245	2	result	result	NOUN
gujaf-70	245	3	is	be	AUX
gujaf-70	245	4	,	,	PUNCT
gujaf-70	245	5	therefore	therefore	ADV
gujaf-70	245	6	,	,	PUNCT
gujaf-70	245	7	analyzed	analyze	VERB
gujaf-70	245	8	using	use	VERB
gujaf-70	245	9	a	a	DET
gujaf-70	245	10	random	random	ADJ
gujaf-70	245	11	gls	gls	NOUN
gujaf-70	245	12	effect	effect	NOUN
gujaf-70	245	13	.	.	PUNCT
gujaf-70	246	1	the	the	DET
gujaf-70	246	2	gls	gl	VERB
gujaf-70	246	3	random	random	ADJ
gujaf-70	246	4	effect	effect	NOUN
gujaf-70	246	5	's	's	PART
gujaf-70	246	6	consequence	consequence	NOUN
gujaf-70	246	7	shows	show	VERB
gujaf-70	246	8	that	that	SCONJ
gujaf-70	246	9	the	the	DET
gujaf-70	246	10	dividend	dividend	NOUN
gujaf-70	246	11	payout	payout	NOUN
gujaf-70	246	12	ratio	ratio	NOUN
gujaf-70	246	13	of	of	ADP
gujaf-70	246	14	the	the	DET
gujaf-70	246	15	listed	list	VERB
gujaf-70	246	16	industrialized	industrialize	VERB
gujaf-70	246	17	firms	firm	NOUN
gujaf-70	246	18	in	in	ADP
gujaf-70	246	19	nigeria	nigeria	PROPN
gujaf-70	246	20	and	and	CCONJ
gujaf-70	246	21	their	their	PRON
gujaf-70	246	22	market	market	NOUN
gujaf-70	246	23	share	share	NOUN
gujaf-70	246	24	prices	price	NOUN
gujaf-70	246	25	have	have	VERB
gujaf-70	246	26	a	a	DET
gujaf-70	246	27	coefficient	coefficient	NOUN
gujaf-70	246	28	gusau	gusau	ADJ
gujaf-70	246	29	journal	journal	NOUN
gujaf-70	246	30	of	of	ADP
gujaf-70	246	31	accounting	accounting	NOUN
gujaf-70	246	32	and	and	CCONJ
gujaf-70	246	33	finance	finance	NOUN
gujaf-70	246	34	,	,	PUNCT
gujaf-70	246	35	vol	vol	NOUN
gujaf-70	246	36	.	.	PROPN
gujaf-70	246	37	2	2	NUM
gujaf-70	246	38	,	,	PUNCT
gujaf-70	246	39	issue	issue	NOUN
gujaf-70	246	40	2	2	NUM
gujaf-70	246	41	,	,	PUNCT
gujaf-70	246	42	april	april	PROPN
gujaf-70	246	43	,	,	PUNCT
gujaf-70	246	44	2021	2021	NUM
gujaf-70	246	45	12	12	NUM
gujaf-70	246	46	and	and	CCONJ
gujaf-70	246	47	t	t	NOUN
gujaf-70	246	48	-	-	PUNCT
gujaf-70	246	49	value	value	NOUN
gujaf-70	246	50	of	of	ADP
gujaf-70	246	51	0.016	0.016	NUM
gujaf-70	246	52	and	and	CCONJ
gujaf-70	246	53	2.56	2.56	NUM
gujaf-70	246	54	.	.	PUNCT
gujaf-70	247	1	it	it	PRON
gujaf-70	247	2	was	be	AUX
gujaf-70	247	3	necessary	necessary	ADJ
gujaf-70	247	4	at	at	ADP
gujaf-70	247	5	a	a	DET
gujaf-70	247	6	value	value	NOUN
gujaf-70	247	7	of	of	ADP
gujaf-70	247	8	0.009	0.009	NUM
gujaf-70	247	9	or	or	CCONJ
gujaf-70	247	10	0.9	0.9	NUM
gujaf-70	247	11	%	%	NOUN
gujaf-70	247	12	.	.	PUNCT
gujaf-70	248	1	it	it	PRON
gujaf-70	248	2	suggests	suggest	VERB
gujaf-70	248	3	that	that	SCONJ
gujaf-70	248	4	the	the	DET
gujaf-70	248	5	dividend	dividend	NOUN
gujaf-70	248	6	payout	payout	NOUN
gujaf-70	248	7	ratio	ratio	NOUN
gujaf-70	248	8	has	have	VERB
gujaf-70	248	9	a	a	DET
gujaf-70	248	10	significant	significant	ADJ
gujaf-70	248	11	positive	positive	ADJ
gujaf-70	248	12	impact	impact	NOUN
gujaf-70	248	13	on	on	ADP
gujaf-70	248	14	the	the	DET
gujaf-70	248	15	market	market	NOUN
gujaf-70	248	16	price	price	NOUN
gujaf-70	248	17	of	of	ADP
gujaf-70	248	18	the	the	DET
gujaf-70	248	19	common	common	ADJ
gujaf-70	248	20	stock	stock	NOUN
gujaf-70	248	21	,	,	PUNCT
gujaf-70	248	22	which	which	PRON
gujaf-70	248	23	means	mean	VERB
gujaf-70	248	24	that	that	SCONJ
gujaf-70	248	25	an	an	DET
gujaf-70	248	26	improvement	improvement	NOUN
gujaf-70	248	27	in	in	ADP
gujaf-70	248	28	the	the	DET
gujaf-70	248	29	dividend	dividend	NOUN
gujaf-70	248	30	payout	payout	NOUN
gujaf-70	248	31	ratio	ratio	NOUN
gujaf-70	248	32	would	would	AUX
gujaf-70	248	33	increase	increase	VERB
gujaf-70	248	34	the	the	DET
gujaf-70	248	35	market	market	NOUN
gujaf-70	248	36	price	price	NOUN
gujaf-70	248	37	of	of	ADP
gujaf-70	248	38	the	the	DET
gujaf-70	248	39	common	common	ADJ
gujaf-70	248	40	stock	stock	NOUN
gujaf-70	248	41	.	.	PUNCT
gujaf-70	249	1	it	it	PRON
gujaf-70	249	2	implies	imply	VERB
gujaf-70	249	3	that	that	SCONJ
gujaf-70	249	4	the	the	DET
gujaf-70	249	5	shareholders	shareholder	NOUN
gujaf-70	249	6	would	would	AUX
gujaf-70	249	7	enjoy	enjoy	VERB
gujaf-70	249	8	the	the	DET
gujaf-70	249	9	rise	rise	NOUN
gujaf-70	249	10	in	in	ADP
gujaf-70	249	11	the	the	DET
gujaf-70	249	12	dividend	dividend	NOUN
gujaf-70	249	13	payout	payout	NOUN
gujaf-70	249	14	ratio	ratio	NOUN
gujaf-70	249	15	.	.	PUNCT
gujaf-70	250	1	the	the	DET
gujaf-70	250	2	apriori	apriori	ADJ
gujaf-70	250	3	presumption	presumption	NOUN
gujaf-70	250	4	of	of	ADP
gujaf-70	250	5	the	the	DET
gujaf-70	250	6	effect	effect	NOUN
gujaf-70	250	7	of	of	ADP
gujaf-70	250	8	the	the	DET
gujaf-70	250	9	dividend	dividend	NOUN
gujaf-70	250	10	payout	payout	NOUN
gujaf-70	250	11	ratio	ratio	NOUN
gujaf-70	250	12	on	on	ADP
gujaf-70	250	13	the	the	DET
gujaf-70	250	14	market	market	NOUN
gujaf-70	250	15	price	price	NOUN
gujaf-70	250	16	of	of	ADP
gujaf-70	250	17	the	the	DET
gujaf-70	250	18	common	common	ADJ
gujaf-70	250	19	stock	stock	NOUN
gujaf-70	250	20	is	be	AUX
gujaf-70	250	21	that	that	SCONJ
gujaf-70	250	22	the	the	DET
gujaf-70	250	23	dividend	dividend	NOUN
gujaf-70	250	24	payout	payout	NOUN
gujaf-70	250	25	ratio	ratio	NOUN
gujaf-70	250	26	would	would	AUX
gujaf-70	250	27	positively	positively	ADV
gujaf-70	250	28	impact	impact	VERB
gujaf-70	250	29	the	the	DET
gujaf-70	250	30	market	market	NOUN
gujaf-70	250	31	price	price	NOUN
gujaf-70	250	32	of	of	ADP
gujaf-70	250	33	the	the	DET
gujaf-70	250	34	common	common	ADJ
gujaf-70	250	35	stock	stock	NOUN
gujaf-70	250	36	.	.	PUNCT
gujaf-70	251	1	the	the	DET
gujaf-70	251	2	previous	previous	ADJ
gujaf-70	251	3	theorist	theorist	NOUN
gujaf-70	251	4	,	,	PUNCT
gujaf-70	251	5	such	such	ADJ
gujaf-70	251	6	as	as	ADP
gujaf-70	251	7	lintner	lintner	NOUN
gujaf-70	251	8	(	(	PUNCT
gujaf-70	251	9	1956	1956	NUM
gujaf-70	251	10	)	)	PUNCT
gujaf-70	251	11	,	,	PUNCT
gujaf-70	251	12	has	have	AUX
gujaf-70	251	13	argued	argue	VERB
gujaf-70	251	14	that	that	SCONJ
gujaf-70	251	15	companies	company	NOUN
gujaf-70	251	16	are	be	AUX
gujaf-70	251	17	reluctant	reluctant	ADJ
gujaf-70	251	18	to	to	PART
gujaf-70	251	19	cut	cut	VERB
gujaf-70	251	20	dividends	dividend	NOUN
gujaf-70	251	21	,	,	PUNCT
gujaf-70	251	22	as	as	SCONJ
gujaf-70	251	23	this	this	PRON
gujaf-70	251	24	could	could	AUX
gujaf-70	251	25	lead	lead	VERB
gujaf-70	251	26	investors	investor	NOUN
gujaf-70	251	27	to	to	PART
gujaf-70	251	28	perceive	perceive	VERB
gujaf-70	251	29	bad	bad	ADJ
gujaf-70	251	30	results	result	NOUN
gujaf-70	251	31	and	and	CCONJ
gujaf-70	251	32	lower	low	ADJ
gujaf-70	251	33	common	common	ADJ
gujaf-70	251	34	stock	stock	NOUN
gujaf-70	251	35	prices	price	NOUN
gujaf-70	251	36	.	.	PUNCT
gujaf-70	252	1	suwabe	suwabe	PROPN
gujaf-70	252	2	(	(	PUNCT
gujaf-70	252	3	2006	2006	NUM
gujaf-70	252	4	)	)	PUNCT
gujaf-70	252	5	has	have	AUX
gujaf-70	252	6	reported	report	VERB
gujaf-70	252	7	that	that	SCONJ
gujaf-70	252	8	the	the	DET
gujaf-70	252	9	more	more	ADV
gujaf-70	252	10	profitable	profitable	ADJ
gujaf-70	252	11	businesses	business	NOUN
gujaf-70	252	12	are	be	AUX
gujaf-70	252	13	,	,	PUNCT
gujaf-70	252	14	the	the	PRON
gujaf-70	252	15	higher	high	ADJ
gujaf-70	252	16	the	the	DET
gujaf-70	252	17	stock	stock	NOUN
gujaf-70	252	18	price	price	NOUN
gujaf-70	252	19	and	and	CCONJ
gujaf-70	252	20	the	the	DET
gujaf-70	252	21	free	free	ADJ
gujaf-70	252	22	cash	cash	NOUN
gujaf-70	252	23	flow	flow	NOUN
gujaf-70	252	24	from	from	ADP
gujaf-70	252	25	profit	profit	NOUN
gujaf-70	252	26	can	can	AUX
gujaf-70	252	27	raise	raise	VERB
gujaf-70	252	28	shareholders	shareholder	NOUN
gujaf-70	252	29	'	'	PART
gujaf-70	252	30	wealth	wealth	NOUN
gujaf-70	252	31	.	.	PUNCT
gujaf-70	253	1	the	the	DET
gujaf-70	253	2	outcome	outcome	NOUN
gujaf-70	253	3	supports	support	VERB
gujaf-70	253	4	the	the	DET
gujaf-70	253	5	existing	exist	VERB
gujaf-70	253	6	literature	literature	NOUN
gujaf-70	253	7	on	on	ADP
gujaf-70	253	8	this	this	DET
gujaf-70	253	9	phenomenon	phenomenon	NOUN
gujaf-70	253	10	.	.	PUNCT
gujaf-70	254	1	for	for	ADP
gujaf-70	254	2	example	example	NOUN
gujaf-70	254	3	,	,	PUNCT
gujaf-70	254	4	the	the	DET
gujaf-70	254	5	alim	alim	PROPN
gujaf-70	254	6	,	,	PUNCT
gujaf-70	254	7	ali	ali	PROPN
gujaf-70	254	8	,	,	PUNCT
gujaf-70	254	9	ali	ali	PROPN
gujaf-70	254	10	,	,	PUNCT
gujaf-70	254	11	khattak	khattak	PROPN
gujaf-70	254	12	,	,	PUNCT
gujaf-70	254	13	and	and	CCONJ
gujaf-70	254	14	qureshi	qureshi	PROPN
gujaf-70	254	15	(	(	PUNCT
gujaf-70	254	16	2014	2014	NUM
gujaf-70	254	17	)	)	PUNCT
gujaf-70	254	18	,	,	PUNCT
gujaf-70	254	19	hassan	hassan	PROPN
gujaf-70	254	20	,	,	PUNCT
gujaf-70	254	21	asaduzzaman	asaduzzaman	NOUN
gujaf-70	254	22	,	,	PUNCT
gujaf-70	254	23	and	and	CCONJ
gujaf-70	254	24	karim	karim	PROPN
gujaf-70	254	25	(	(	PUNCT
gujaf-70	254	26	2013	2013	NUM
gujaf-70	254	27	)	)	PUNCT
gujaf-70	254	28	and	and	CCONJ
gujaf-70	254	29	kapoor	kapoor	PROPN
gujaf-70	254	30	(	(	PUNCT
gujaf-70	254	31	2009	2009	NUM
gujaf-70	254	32	)	)	PUNCT
gujaf-70	254	33	studies	study	NOUN
gujaf-70	254	34	have	have	AUX
gujaf-70	254	35	shown	show	VERB
gujaf-70	254	36	a	a	DET
gujaf-70	254	37	positive	positive	ADJ
gujaf-70	254	38	impact	impact	NOUN
gujaf-70	254	39	of	of	ADP
gujaf-70	254	40	the	the	DET
gujaf-70	254	41	dividend	dividend	NOUN
gujaf-70	254	42	payout	payout	NOUN
gujaf-70	254	43	ratio	ratio	NOUN
gujaf-70	254	44	on	on	ADP
gujaf-70	254	45	the	the	DET
gujaf-70	254	46	market	market	NOUN
gujaf-70	254	47	price	price	NOUN
gujaf-70	254	48	per	per	ADP
gujaf-70	254	49	share	share	NOUN
gujaf-70	254	50	.	.	PUNCT
gujaf-70	255	1	however	however	ADV
gujaf-70	255	2	,	,	PUNCT
gujaf-70	255	3	balagobei	balagobei	NOUN
gujaf-70	255	4	and	and	CCONJ
gujaf-70	255	5	selvaratnam	selvaratnam	NOUN
gujaf-70	255	6	(	(	PUNCT
gujaf-70	255	7	2016	2016	NUM
gujaf-70	255	8	)	)	PUNCT
gujaf-70	255	9	and	and	CCONJ
gujaf-70	255	10	suwabe	suwabe	NOUN
gujaf-70	255	11	(	(	PUNCT
gujaf-70	255	12	2006	2006	NUM
gujaf-70	255	13	)	)	PUNCT
gujaf-70	255	14	found	find	VERB
gujaf-70	255	15	that	that	SCONJ
gujaf-70	255	16	the	the	DET
gujaf-70	255	17	dividend	dividend	NOUN
gujaf-70	255	18	payment	payment	NOUN
gujaf-70	255	19	ratio	ratio	NOUN
gujaf-70	255	20	had	have	VERB
gujaf-70	255	21	a	a	DET
gujaf-70	255	22	negative	negative	ADJ
gujaf-70	255	23	impact	impact	NOUN
gujaf-70	255	24	on	on	ADP
gujaf-70	255	25	the	the	DET
gujaf-70	255	26	stock	stock	NOUN
gujaf-70	255	27	price	price	NOUN
gujaf-70	255	28	per	per	ADP
gujaf-70	255	29	share	share	NOUN
gujaf-70	255	30	.	.	PUNCT
gujaf-70	256	1	previously	previously	ADV
gujaf-70	256	2	,	,	PUNCT
gujaf-70	256	3	it	it	PRON
gujaf-70	256	4	assumed	assume	VERB
gujaf-70	256	5	that	that	SCONJ
gujaf-70	256	6	the	the	DET
gujaf-70	256	7	payout	payout	NOUN
gujaf-70	256	8	ratio	ratio	NOUN
gujaf-70	256	9	had	have	VERB
gujaf-70	256	10	no	no	DET
gujaf-70	256	11	significant	significant	ADJ
gujaf-70	256	12	effect	effect	NOUN
gujaf-70	256	13	on	on	ADP
gujaf-70	256	14	the	the	DET
gujaf-70	256	15	share	share	NOUN
gujaf-70	256	16	price	price	NOUN
gujaf-70	256	17	of	of	ADP
gujaf-70	256	18	listed	list	VERB
gujaf-70	256	19	industrialized	industrialize	VERB
gujaf-70	256	20	firms	firm	NOUN
gujaf-70	256	21	'	'	PART
gujaf-70	256	22	common	common	ADJ
gujaf-70	256	23	stock	stock	NOUN
gujaf-70	256	24	in	in	ADP
gujaf-70	256	25	nigeria	nigeria	PROPN
gujaf-70	256	26	.	.	PUNCT
gujaf-70	257	1	the	the	DET
gujaf-70	257	2	null	null	ADJ
gujaf-70	257	3	hypothesis	hypothesis	NOUN
gujaf-70	257	4	was	be	AUX
gujaf-70	257	5	estimated	estimate	VERB
gujaf-70	257	6	by	by	ADP
gujaf-70	257	7	regression	regression	NOUN
gujaf-70	257	8	analysis	analysis	NOUN
gujaf-70	257	9	.	.	PUNCT
gujaf-70	258	1	the	the	DET
gujaf-70	258	2	extent	extent	NOUN
gujaf-70	258	3	of	of	ADP
gujaf-70	258	4	the	the	DET
gujaf-70	258	5	dividend	dividend	NOUN
gujaf-70	258	6	payout	payout	NOUN
gujaf-70	258	7	ratio	ratio	NOUN
gujaf-70	258	8	's	's	PART
gujaf-70	258	9	effect	effect	NOUN
gujaf-70	258	10	on	on	ADP
gujaf-70	258	11	the	the	DET
gujaf-70	258	12	market	market	NOUN
gujaf-70	258	13	price	price	NOUN
gujaf-70	258	14	of	of	ADP
gujaf-70	258	15	the	the	DET
gujaf-70	258	16	common	common	ADJ
gujaf-70	258	17	share	share	NOUN
gujaf-70	258	18	suggests	suggest	VERB
gujaf-70	258	19	a	a	DET
gujaf-70	258	20	large	large	ADJ
gujaf-70	258	21	benefit	benefit	NOUN
gujaf-70	258	22	,	,	PUNCT
gujaf-70	258	23	which	which	PRON
gujaf-70	258	24	means	mean	VERB
gujaf-70	258	25	that	that	SCONJ
gujaf-70	258	26	the	the	DET
gujaf-70	258	27	dividend	dividend	NOUN
gujaf-70	258	28	payout	payout	NOUN
gujaf-70	258	29	ratio	ratio	NOUN
gujaf-70	258	30	has	have	VERB
gujaf-70	258	31	a	a	DET
gujaf-70	258	32	significant	significant	ADJ
gujaf-70	258	33	beneficial	beneficial	ADJ
gujaf-70	258	34	influence	influence	NOUN
gujaf-70	258	35	on	on	ADP
gujaf-70	258	36	the	the	DET
gujaf-70	258	37	common	common	ADJ
gujaf-70	258	38	share	share	NOUN
gujaf-70	258	39	's	's	PART
gujaf-70	258	40	market	market	NOUN
gujaf-70	258	41	price	price	NOUN
gujaf-70	258	42	.	.	PUNCT
gujaf-70	259	1	subsequently	subsequently	ADV
gujaf-70	259	2	,	,	PUNCT
gujaf-70	259	3	the	the	DET
gujaf-70	259	4	relationship	relationship	NOUN
gujaf-70	259	5	is	be	AUX
gujaf-70	259	6	statistically	statistically	ADV
gujaf-70	259	7	essential	essential	ADJ
gujaf-70	259	8	;	;	PUNCT
gujaf-70	259	9	thus	thus	ADV
gujaf-70	259	10	,	,	PUNCT
gujaf-70	259	11	we	we	PRON
gujaf-70	259	12	reject	reject	VERB
gujaf-70	259	13	the	the	DET
gujaf-70	259	14	null	null	ADJ
gujaf-70	259	15	statement	statement	NOUN
gujaf-70	259	16	that	that	SCONJ
gujaf-70	259	17	the	the	DET
gujaf-70	259	18	dividend	dividend	NOUN
gujaf-70	259	19	payout	payout	NOUN
gujaf-70	259	20	ratio	ratio	NOUN
gujaf-70	259	21	does	do	AUX
gujaf-70	259	22	not	not	PART
gujaf-70	259	23	have	have	AUX
gujaf-70	259	24	a	a	DET
gujaf-70	259	25	significant	significant	ADJ
gujaf-70	259	26	impact	impact	NOUN
gujaf-70	259	27	on	on	ADP
gujaf-70	259	28	the	the	DET
gujaf-70	259	29	market	market	NOUN
gujaf-70	259	30	price	price	NOUN
gujaf-70	259	31	of	of	ADP
gujaf-70	259	32	the	the	DET
gujaf-70	259	33	common	common	ADJ
gujaf-70	259	34	stock	stock	NOUN
gujaf-70	259	35	and	and	CCONJ
gujaf-70	259	36	conclude	conclude	VERB
gujaf-70	259	37	that	that	SCONJ
gujaf-70	259	38	there	there	PRON
gujaf-70	259	39	is	be	VERB
gujaf-70	259	40	a	a	DET
gujaf-70	259	41	significant	significant	ADJ
gujaf-70	259	42	beneficial	beneficial	ADJ
gujaf-70	259	43	effect	effect	NOUN
gujaf-70	259	44	of	of	ADP
gujaf-70	259	45	the	the	DET
gujaf-70	259	46	dividend	dividend	NOUN
gujaf-70	259	47	payout	payout	NOUN
gujaf-70	259	48	ratio	ratio	NOUN
gujaf-70	259	49	on	on	ADP
gujaf-70	259	50	the	the	DET
gujaf-70	259	51	market	market	NOUN
gujaf-70	259	52	price	price	NOUN
gujaf-70	259	53	of	of	ADP
gujaf-70	259	54	the	the	DET
gujaf-70	259	55	common	common	ADJ
gujaf-70	259	56	stock	stock	NOUN
gujaf-70	259	57	of	of	ADP
gujaf-70	259	58	listed	list	VERB
gujaf-70	259	59	industrialized	industrialize	VERB
gujaf-70	259	60	firms	firm	NOUN
gujaf-70	259	61	in	in	ADP
gujaf-70	259	62	nigeria	nigeria	PROPN
gujaf-70	259	63	.	.	PUNCT
gujaf-70	260	1	the	the	DET
gujaf-70	260	2	important	important	ADJ
gujaf-70	260	3	positive	positive	ADJ
gujaf-70	260	4	effect	effect	NOUN
gujaf-70	260	5	of	of	ADP
gujaf-70	260	6	the	the	DET
gujaf-70	260	7	common	common	ADJ
gujaf-70	260	8	share	share	NOUN
gujaf-70	260	9	dividend	dividend	NOUN
gujaf-70	260	10	payout	payout	NOUN
gujaf-70	260	11	ratio	ratio	NOUN
gujaf-70	260	12	on	on	ADP
gujaf-70	260	13	the	the	DET
gujaf-70	260	14	stock	stock	NOUN
gujaf-70	260	15	price	price	NOUN
gujaf-70	260	16	indicates	indicate	VERB
gujaf-70	260	17	an	an	DET
gujaf-70	260	18	efficient	efficient	ADJ
gujaf-70	260	19	financial	financial	ADJ
gujaf-70	260	20	decisionmaking	decisionmake	VERB
gujaf-70	260	21	mechanism	mechanism	NOUN
gujaf-70	260	22	,	,	PUNCT
gujaf-70	260	23	particularly	particularly	ADV
gujaf-70	260	24	the	the	DET
gujaf-70	260	25	policy	policy	NOUN
gujaf-70	260	26	of	of	ADP
gujaf-70	260	27	dividends	dividend	NOUN
gujaf-70	260	28	in	in	ADP
gujaf-70	260	29	the	the	DET
gujaf-70	260	30	sampled	sample	VERB
gujaf-70	260	31	companies	company	NOUN
gujaf-70	260	32	.	.	PUNCT
gujaf-70	261	1	the	the	DET
gujaf-70	261	2	listed	list	VERB
gujaf-70	261	3	industrialized	industrialize	VERB
gujaf-70	261	4	firms	firm	NOUN
gujaf-70	261	5	'	'	PART
gujaf-70	261	6	profitability	profitability	NOUN
gujaf-70	261	7	in	in	ADP
gujaf-70	261	8	nigeria	nigeria	PROPN
gujaf-70	261	9	and	and	CCONJ
gujaf-70	261	10	the	the	DET
gujaf-70	261	11	common	common	ADJ
gujaf-70	261	12	stock	stock	NOUN
gujaf-70	261	13	market	market	NOUN
gujaf-70	261	14	price	price	NOUN
gujaf-70	261	15	has	have	VERB
gujaf-70	261	16	a	a	DET
gujaf-70	261	17	coefficient	coefficient	NOUN
gujaf-70	261	18	and	and	CCONJ
gujaf-70	261	19	t	t	NOUN
gujaf-70	261	20	-	-	PUNCT
gujaf-70	261	21	value	value	NOUN
gujaf-70	261	22	of	of	ADP
gujaf-70	261	23	6.435	6.435	NUM
gujaf-70	261	24	and	and	CCONJ
gujaf-70	261	25	0.93	0.93	NUM
gujaf-70	261	26	.	.	PUNCT
gujaf-70	262	1	it	it	PRON
gujaf-70	262	2	is	be	AUX
gujaf-70	262	3	negligible	negligible	ADJ
gujaf-70	262	4	at	at	ADP
gujaf-70	262	5	the	the	DET
gujaf-70	262	6	value	value	NOUN
gujaf-70	262	7	of	of	ADP
gujaf-70	262	8	0.348	0.348	NUM
gujaf-70	262	9	,	,	PUNCT
gujaf-70	262	10	implying	imply	VERB
gujaf-70	262	11	that	that	SCONJ
gujaf-70	262	12	the	the	DET
gujaf-70	262	13	profitability	profitability	NOUN
gujaf-70	262	14	has	have	VERB
gujaf-70	262	15	an	an	DET
gujaf-70	262	16	insignificant	insignificant	ADJ
gujaf-70	262	17	positive	positive	ADJ
gujaf-70	262	18	impact	impact	NOUN
gujaf-70	262	19	on	on	ADP
gujaf-70	262	20	the	the	DET
gujaf-70	262	21	market	market	NOUN
gujaf-70	262	22	price	price	NOUN
gujaf-70	262	23	of	of	ADP
gujaf-70	262	24	the	the	DET
gujaf-70	262	25	common	common	ADJ
gujaf-70	262	26	stock	stock	NOUN
gujaf-70	262	27	,	,	PUNCT
gujaf-70	262	28	which	which	PRON
gujaf-70	262	29	indicates	indicate	VERB
gujaf-70	262	30	that	that	SCONJ
gujaf-70	262	31	the	the	DET
gujaf-70	262	32	profitability	profitability	NOUN
gujaf-70	262	33	does	do	AUX
gujaf-70	262	34	not	not	PART
gujaf-70	262	35	decide	decide	VERB
gujaf-70	262	36	the	the	DET
gujaf-70	262	37	market	market	NOUN
gujaf-70	262	38	price	price	NOUN
gujaf-70	262	39	of	of	ADP
gujaf-70	262	40	the	the	DET
gujaf-70	262	41	common	common	ADJ
gujaf-70	262	42	stock	stock	NOUN
gujaf-70	262	43	of	of	ADP
gujaf-70	262	44	sample	sample	NOUN
gujaf-70	262	45	firms	firm	NOUN
gujaf-70	262	46	.	.	PUNCT
gujaf-70	263	1	the	the	DET
gujaf-70	263	2	apriori	apriori	ADJ
gujaf-70	263	3	assumption	assumption	NOUN
gujaf-70	263	4	of	of	ADP
gujaf-70	263	5	the	the	DET
gujaf-70	263	6	impact	impact	NOUN
gujaf-70	263	7	of	of	ADP
gujaf-70	263	8	profitability	profitability	NOUN
gujaf-70	263	9	on	on	ADP
gujaf-70	263	10	the	the	DET
gujaf-70	263	11	market	market	NOUN
gujaf-70	263	12	price	price	NOUN
gujaf-70	263	13	of	of	ADP
gujaf-70	263	14	the	the	DET
gujaf-70	263	15	common	common	ADJ
gujaf-70	263	16	stock	stock	NOUN
gujaf-70	263	17	is	be	AUX
gujaf-70	263	18	that	that	SCONJ
gujaf-70	263	19	it	it	PRON
gujaf-70	263	20	has	have	VERB
gujaf-70	263	21	a	a	DET
gujaf-70	263	22	positive	positive	ADJ
gujaf-70	263	23	influence	influence	NOUN
gujaf-70	263	24	as	as	ADP
gujaf-70	263	25	the	the	DET
gujaf-70	263	26	theoretical	theoretical	ADJ
gujaf-70	263	27	backing	backing	NOUN
gujaf-70	263	28	of	of	ADP
gujaf-70	263	29	brickley	brickley	ADJ
gujaf-70	263	30	(	(	PUNCT
gujaf-70	263	31	1983	1983	NUM
gujaf-70	263	32	)	)	PUNCT
gujaf-70	263	33	indicates	indicate	VERB
gujaf-70	263	34	that	that	SCONJ
gujaf-70	263	35	investors	investor	NOUN
gujaf-70	263	36	could	could	AUX
gujaf-70	263	37	use	use	VERB
gujaf-70	263	38	the	the	DET
gujaf-70	263	39	dividend	dividend	NOUN
gujaf-70	263	40	payment	payment	NOUN
gujaf-70	263	41	announcement	announcement	NOUN
gujaf-70	263	42	as	as	ADP
gujaf-70	263	43	a	a	DET
gujaf-70	263	44	better	well	ADJ
gujaf-70	263	45	managerial	managerial	ADJ
gujaf-70	263	46	indicator	indicator	NOUN
gujaf-70	263	47	of	of	ADP
gujaf-70	263	48	future	future	ADJ
gujaf-70	263	49	profitability	profitability	NOUN
gujaf-70	263	50	,	,	PUNCT
gujaf-70	263	51	which	which	PRON
gujaf-70	263	52	has	have	VERB
gujaf-70	263	53	a	a	DET
gujaf-70	263	54	positive	positive	ADJ
gujaf-70	263	55	effect	effect	NOUN
gujaf-70	263	56	on	on	ADP
gujaf-70	263	57	the	the	DET
gujaf-70	263	58	market	market	NOUN
gujaf-70	263	59	price	price	NOUN
gujaf-70	263	60	of	of	ADP
gujaf-70	263	61	the	the	DET
gujaf-70	263	62	common	common	ADJ
gujaf-70	263	63	stock	stock	NOUN
gujaf-70	263	64	.	.	PUNCT
gujaf-70	264	1	however	however	ADV
gujaf-70	264	2	,	,	PUNCT
gujaf-70	264	3	this	this	DET
gujaf-70	264	4	research	research	NOUN
gujaf-70	264	5	has	have	AUX
gujaf-70	264	6	shown	show	VERB
gujaf-70	264	7	that	that	SCONJ
gujaf-70	264	8	certain	certain	ADJ
gujaf-70	264	9	businesses	business	NOUN
gujaf-70	264	10	have	have	AUX
gujaf-70	264	11	suffered	suffer	VERB
gujaf-70	264	12	losses	loss	NOUN
gujaf-70	264	13	over	over	ADP
gujaf-70	264	14	a	a	DET
gujaf-70	264	15	specific	specific	ADJ
gujaf-70	264	16	span	span	NOUN
gujaf-70	264	17	of	of	ADP
gujaf-70	264	18	the	the	DET
gujaf-70	264	19	study	study	NOUN
gujaf-70	264	20	,	,	PUNCT
gujaf-70	264	21	thereby	thereby	ADV
gujaf-70	264	22	having	have	VERB
gujaf-70	264	23	an	an	DET
gujaf-70	264	24	insignificant	insignificant	ADJ
gujaf-70	264	25	impact	impact	NOUN
gujaf-70	264	26	on	on	ADP
gujaf-70	264	27	the	the	DET
gujaf-70	264	28	market	market	NOUN
gujaf-70	264	29	price	price	NOUN
gujaf-70	264	30	of	of	ADP
gujaf-70	264	31	the	the	DET
gujaf-70	264	32	common	common	ADJ
gujaf-70	264	33	stock	stock	NOUN
gujaf-70	264	34	.	.	PUNCT
gujaf-70	265	1	this	this	DET
gujaf-70	265	2	finding	finding	NOUN
gujaf-70	265	3	is	be	AUX
gujaf-70	265	4	contradictory	contradictory	ADJ
gujaf-70	265	5	to	to	ADP
gujaf-70	265	6	the	the	DET
gujaf-70	265	7	current	current	ADJ
gujaf-70	265	8	literature	literature	NOUN
gujaf-70	265	9	on	on	ADP
gujaf-70	265	10	this	this	DET
gujaf-70	265	11	phenomenon	phenomenon	NOUN
gujaf-70	265	12	.	.	PUNCT
gujaf-70	266	1	for	for	ADP
gujaf-70	266	2	example	example	NOUN
gujaf-70	266	3	,	,	PUNCT
gujaf-70	266	4	the	the	DET
gujaf-70	266	5	current	current	ADJ
gujaf-70	266	6	study	study	NOUN
gujaf-70	266	7	supports	support	VERB
gujaf-70	266	8	studies	study	NOUN
gujaf-70	266	9	by	by	ADP
gujaf-70	266	10	thirumagal	thirumagal	ADJ
gujaf-70	266	11	and	and	CCONJ
gujaf-70	266	12	vasantha	vasantha	NOUN
gujaf-70	266	13	(	(	PUNCT
gujaf-70	266	14	2016	2016	NUM
gujaf-70	266	15	)	)	PUNCT
gujaf-70	266	16	,	,	PUNCT
gujaf-70	266	17	ali	ali	PROPN
gujaf-70	266	18	,	,	PUNCT
gujaf-70	266	19	ali	ali	PROPN
gujaf-70	266	20	,	,	PUNCT
gujaf-70	266	21	ali	ali	PROPN
gujaf-70	266	22	khattak	khattak	PROPN
gujaf-70	266	23	,	,	PUNCT
gujaf-70	266	24	and	and	CCONJ
gujaf-70	266	25	quersh	quersh	PROPN
gujaf-70	266	26	(	(	PUNCT
gujaf-70	266	27	2014	2014	NUM
gujaf-70	266	28	,	,	PUNCT
gujaf-70	266	29	ali	ali	PROPN
gujaf-70	266	30	,	,	PUNCT
gujaf-70	266	31	ishtiaq	ishtiaq	NOUN
gujaf-70	266	32	,	,	PUNCT
gujaf-70	266	33	and	and	CCONJ
gujaf-70	266	34	naveed	naveed	PROPN
gujaf-70	266	35	(	(	PUNCT
gujaf-70	266	36	2008	2008	NUM
gujaf-70	266	37	)	)	PUNCT
gujaf-70	266	38	and	and	CCONJ
gujaf-70	266	39	suwabe	suwabe	NOUN
gujaf-70	266	40	(	(	PUNCT
gujaf-70	266	41	2006	2006	NUM
gujaf-70	266	42	)	)	PUNCT
gujaf-70	266	43	,	,	PUNCT
gujaf-70	266	44	which	which	PRON
gujaf-70	266	45	found	find	VERB
gujaf-70	266	46	that	that	SCONJ
gujaf-70	266	47	profitability	profitability	NOUN
gujaf-70	266	48	had	have	VERB
gujaf-70	266	49	a	a	DET
gujaf-70	266	50	positive	positive	ADJ
gujaf-70	266	51	impact	impact	NOUN
gujaf-70	266	52	on	on	ADP
gujaf-70	266	53	the	the	DET
gujaf-70	266	54	common	common	ADJ
gujaf-70	266	55	stock	stock	NOUN
gujaf-70	266	56	market	market	NOUN
gujaf-70	266	57	price	price	NOUN
gujaf-70	266	58	.	.	PUNCT
gujaf-70	267	1	accordingly	accordingly	ADV
gujaf-70	267	2	,	,	PUNCT
gujaf-70	267	3	this	this	DET
gujaf-70	267	4	analysis	analysis	NOUN
gujaf-70	267	5	does	do	AUX
gujaf-70	267	6	not	not	PART
gujaf-70	267	7	refute	refute	VERB
gujaf-70	267	8	the	the	DET
gujaf-70	267	9	null	null	ADJ
gujaf-70	267	10	hypothesis	hypothesis	NOUN
gujaf-70	267	11	that	that	SCONJ
gujaf-70	267	12	profitability	profitability	NOUN
gujaf-70	267	13	does	do	AUX
gujaf-70	267	14	not	not	PART
gujaf-70	267	15	affect	affect	VERB
gujaf-70	267	16	the	the	DET
gujaf-70	267	17	share	share	NOUN
gujaf-70	267	18	price	price	NOUN
gujaf-70	267	19	of	of	ADP
gujaf-70	267	20	listed	list	VERB
gujaf-70	267	21	industrialized	industrialize	VERB
gujaf-70	267	22	firms	firm	NOUN
gujaf-70	267	23	'	'	PART
gujaf-70	267	24	common	common	ADJ
gujaf-70	267	25	stock	stock	NOUN
gujaf-70	267	26	in	in	ADP
gujaf-70	267	27	nigeria	nigeria	PROPN
gujaf-70	267	28	.	.	PUNCT
gujaf-70	268	1	gusau	gusau	PROPN
gujaf-70	268	2	journal	journal	PROPN
gujaf-70	268	3	of	of	ADP
gujaf-70	268	4	accounting	accounting	NOUN
gujaf-70	268	5	and	and	CCONJ
gujaf-70	268	6	finance	finance	NOUN
gujaf-70	268	7	,	,	PUNCT
gujaf-70	268	8	vol	vol	NOUN
gujaf-70	268	9	.	.	PROPN
gujaf-70	268	10	2	2	NUM
gujaf-70	268	11	,	,	PUNCT
gujaf-70	268	12	issue	issue	NOUN
gujaf-70	268	13	2	2	NUM
gujaf-70	268	14	,	,	PUNCT
gujaf-70	268	15	april	april	PROPN
gujaf-70	268	16	,	,	PUNCT
gujaf-70	268	17	2021	2021	NUM
gujaf-70	268	18	13	13	NUM
gujaf-70	268	19	the	the	DET
gujaf-70	268	20	leverage	leverage	NOUN
gujaf-70	268	21	of	of	ADP
gujaf-70	268	22	listed	list	VERB
gujaf-70	268	23	industrialized	industrialize	VERB
gujaf-70	268	24	firms	firm	NOUN
gujaf-70	268	25	in	in	ADP
gujaf-70	268	26	nigeria	nigeria	PROPN
gujaf-70	268	27	and	and	CCONJ
gujaf-70	268	28	their	their	PRON
gujaf-70	268	29	share	share	NOUN
gujaf-70	268	30	price	price	NOUN
gujaf-70	268	31	of	of	ADP
gujaf-70	268	32	common	common	ADJ
gujaf-70	268	33	stock	stock	NOUN
gujaf-70	268	34	have	have	VERB
gujaf-70	268	35	a	a	DET
gujaf-70	268	36	coefficient	coefficient	NOUN
gujaf-70	268	37	and	and	CCONJ
gujaf-70	268	38	t	t	NOUN
gujaf-70	268	39	-	-	PUNCT
gujaf-70	268	40	value	value	NOUN
gujaf-70	268	41	of	of	ADP
gujaf-70	268	42	-26.506	-26.506	PROPN
gujaf-70	268	43	and	and	CCONJ
gujaf-70	268	44	-2.94	-2.94	NOUN
gujaf-70	268	45	,	,	PUNCT
gujaf-70	268	46	respectively	respectively	ADV
gujaf-70	268	47	,	,	PUNCT
gujaf-70	268	48	and	and	CCONJ
gujaf-70	268	49	this	this	PRON
gujaf-70	268	50	is	be	AUX
gujaf-70	268	51	important	important	ADJ
gujaf-70	268	52	at	at	ADP
gujaf-70	268	53	a	a	DET
gujaf-70	268	54	value	value	NOUN
gujaf-70	268	55	of	of	ADP
gujaf-70	268	56	0,001	0,001	NUM
gujaf-70	268	57	or	or	CCONJ
gujaf-70	268	58	1	1	NUM
gujaf-70	268	59	%	%	NOUN
gujaf-70	268	60	.	.	PUNCT
gujaf-70	269	1	it	it	PRON
gujaf-70	269	2	indicated	indicate	VERB
gujaf-70	269	3	that	that	SCONJ
gujaf-70	269	4	leverage	leverage	NOUN
gujaf-70	269	5	has	have	VERB
gujaf-70	269	6	a	a	DET
gujaf-70	269	7	significant	significant	ADJ
gujaf-70	269	8	adverse	adverse	ADJ
gujaf-70	269	9	impact	impact	NOUN
gujaf-70	269	10	on	on	ADP
gujaf-70	269	11	the	the	DET
gujaf-70	269	12	market	market	NOUN
gujaf-70	269	13	price	price	NOUN
gujaf-70	269	14	of	of	ADP
gujaf-70	269	15	common	common	ADJ
gujaf-70	269	16	stock	stock	NOUN
gujaf-70	269	17	,	,	PUNCT
gujaf-70	269	18	which	which	PRON
gujaf-70	269	19	means	mean	VERB
gujaf-70	269	20	that	that	SCONJ
gujaf-70	269	21	a	a	DET
gujaf-70	269	22	highly	highly	ADV
gujaf-70	269	23	leveraged	leverage	VERB
gujaf-70	269	24	business	business	NOUN
gujaf-70	269	25	would	would	AUX
gujaf-70	269	26	reduce	reduce	VERB
gujaf-70	269	27	the	the	DET
gujaf-70	269	28	market	market	NOUN
gujaf-70	269	29	price	price	NOUN
gujaf-70	269	30	of	of	ADP
gujaf-70	269	31	common	common	ADJ
gujaf-70	269	32	stock	stock	NOUN
gujaf-70	269	33	of	of	ADP
gujaf-70	269	34	listed	list	VERB
gujaf-70	269	35	industrialized	industrialize	VERB
gujaf-70	269	36	firms	firm	NOUN
gujaf-70	269	37	in	in	ADP
gujaf-70	269	38	nigeria	nigeria	PROPN
gujaf-70	269	39	by	by	ADP
gujaf-70	269	40	0.1	0.1	NUM
gujaf-70	269	41	%	%	NOUN
gujaf-70	269	42	.	.	PUNCT
gujaf-70	270	1	highly	highly	ADV
gujaf-70	270	2	leveraged	leveraged	ADJ
gujaf-70	270	3	firms	firm	NOUN
gujaf-70	270	4	will	will	AUX
gujaf-70	270	5	channel	channel	VERB
gujaf-70	270	6	their	their	PRON
gujaf-70	270	7	profits	profit	NOUN
gujaf-70	270	8	to	to	PART
gujaf-70	270	9	offset	offset	VERB
gujaf-70	270	10	debt	debt	NOUN
gujaf-70	270	11	obligations	obligation	NOUN
gujaf-70	270	12	as	as	SCONJ
gujaf-70	270	13	they	they	PRON
gujaf-70	270	14	fall	fall	VERB
gujaf-70	270	15	due	due	ADJ
gujaf-70	270	16	,	,	PUNCT
gujaf-70	270	17	resulting	result	VERB
gujaf-70	270	18	in	in	ADP
gujaf-70	270	19	a	a	DET
gujaf-70	270	20	negative	negative	ADJ
gujaf-70	270	21	impact	impact	NOUN
gujaf-70	270	22	on	on	ADP
gujaf-70	270	23	common	common	ADJ
gujaf-70	270	24	stock	stock	NOUN
gujaf-70	270	25	market	market	NOUN
gujaf-70	270	26	prices	price	NOUN
gujaf-70	270	27	.	.	PUNCT
gujaf-70	271	1	the	the	DET
gujaf-70	271	2	apriori	apriori	ADJ
gujaf-70	271	3	expectation	expectation	NOUN
gujaf-70	271	4	of	of	ADP
gujaf-70	271	5	the	the	DET
gujaf-70	271	6	effect	effect	NOUN
gujaf-70	271	7	of	of	ADP
gujaf-70	271	8	the	the	DET
gujaf-70	271	9	leverage	leverage	NOUN
gujaf-70	271	10	on	on	ADP
gujaf-70	271	11	the	the	DET
gujaf-70	271	12	market	market	NOUN
gujaf-70	271	13	price	price	NOUN
gujaf-70	271	14	of	of	ADP
gujaf-70	271	15	common	common	ADJ
gujaf-70	271	16	stock	stock	NOUN
gujaf-70	271	17	has	have	VERB
gujaf-70	271	18	a	a	DET
gujaf-70	271	19	positive	positive	ADJ
gujaf-70	271	20	impact	impact	NOUN
gujaf-70	271	21	because	because	SCONJ
gujaf-70	271	22	the	the	DET
gujaf-70	271	23	leverage	leverage	NOUN
gujaf-70	271	24	reflects	reflect	VERB
gujaf-70	271	25	long	long	ADJ
gujaf-70	271	26	-	-	PUNCT
gujaf-70	271	27	term	term	NOUN
gujaf-70	271	28	debt	debt	NOUN
gujaf-70	271	29	and	and	CCONJ
gujaf-70	271	30	its	its	PRON
gujaf-70	271	31	willingness	willingness	NOUN
gujaf-70	271	32	to	to	PART
gujaf-70	271	33	satisfy	satisfy	VERB
gujaf-70	271	34	its	its	PRON
gujaf-70	271	35	financial	financial	ADJ
gujaf-70	271	36	obligations	obligation	NOUN
gujaf-70	271	37	as	as	SCONJ
gujaf-70	271	38	if	if	SCONJ
gujaf-70	271	39	it	it	PRON
gujaf-70	271	40	were	be	AUX
gujaf-70	271	41	due	due	ADJ
gujaf-70	271	42	.	.	PUNCT
gujaf-70	272	1	it	it	PRON
gujaf-70	272	2	can	can	AUX
gujaf-70	272	3	have	have	VERB
gujaf-70	272	4	a	a	DET
gujaf-70	272	5	positive	positive	ADJ
gujaf-70	272	6	effect	effect	NOUN
gujaf-70	272	7	on	on	ADP
gujaf-70	272	8	the	the	DET
gujaf-70	272	9	stock	stock	NOUN
gujaf-70	272	10	price	price	NOUN
gujaf-70	272	11	per	per	ADP
gujaf-70	272	12	share	share	NOUN
gujaf-70	272	13	if	if	SCONJ
gujaf-70	272	14	the	the	DET
gujaf-70	272	15	liquidity	liquidity	NOUN
gujaf-70	272	16	ratio	ratio	NOUN
gujaf-70	272	17	is	be	AUX
gujaf-70	272	18	low	low	ADJ
gujaf-70	272	19	.	.	PUNCT
gujaf-70	273	1	al	al	PROPN
gujaf-70	273	2	-	-	PUNCT
gujaf-70	273	3	masum	masum	PROPN
gujaf-70	273	4	(	(	PUNCT
gujaf-70	273	5	2014	2014	NUM
gujaf-70	273	6	)	)	PUNCT
gujaf-70	273	7	predicts	predict	VERB
gujaf-70	273	8	that	that	SCONJ
gujaf-70	273	9	the	the	DET
gujaf-70	273	10	sector	sector	NOUN
gujaf-70	273	11	's	's	PART
gujaf-70	273	12	liquidity	liquidity	NOUN
gujaf-70	273	13	position	position	NOUN
gujaf-70	273	14	will	will	AUX
gujaf-70	273	15	improve	improve	VERB
gujaf-70	273	16	as	as	ADP
gujaf-70	273	17	more	more	ADJ
gujaf-70	273	18	funds	fund	NOUN
gujaf-70	273	19	are	be	AUX
gujaf-70	273	20	poured	pour	VERB
gujaf-70	273	21	into	into	ADP
gujaf-70	273	22	businesses	business	NOUN
gujaf-70	273	23	to	to	PART
gujaf-70	273	24	pursue	pursue	VERB
gujaf-70	273	25	a	a	DET
gujaf-70	273	26	viable	viable	ADJ
gujaf-70	273	27	project	project	NOUN
gujaf-70	273	28	or	or	CCONJ
gujaf-70	273	29	investment	investment	NOUN
gujaf-70	273	30	opportunity	opportunity	NOUN
gujaf-70	273	31	that	that	PRON
gujaf-70	273	32	will	will	AUX
gujaf-70	273	33	have	have	VERB
gujaf-70	273	34	a	a	DET
gujaf-70	273	35	positive	positive	ADJ
gujaf-70	273	36	effect	effect	NOUN
gujaf-70	273	37	on	on	ADP
gujaf-70	273	38	the	the	DET
gujaf-70	273	39	share	share	NOUN
gujaf-70	273	40	price	price	NOUN
gujaf-70	273	41	of	of	ADP
gujaf-70	273	42	the	the	DET
gujaf-70	273	43	common	common	ADJ
gujaf-70	273	44	stock	stock	NOUN
gujaf-70	273	45	.	.	PUNCT
gujaf-70	274	1	the	the	DET
gujaf-70	274	2	negative	negative	ADJ
gujaf-70	274	3	impact	impact	NOUN
gujaf-70	274	4	of	of	ADP
gujaf-70	274	5	this	this	DET
gujaf-70	274	6	finding	finding	NOUN
gujaf-70	274	7	then	then	ADV
gujaf-70	274	8	weakened	weaken	VERB
gujaf-70	274	9	this	this	DET
gujaf-70	274	10	status	status	NOUN
gujaf-70	274	11	.	.	PUNCT
gujaf-70	275	1	the	the	DET
gujaf-70	275	2	finding	finding	NOUN
gujaf-70	275	3	,	,	PUNCT
gujaf-70	275	4	however	however	ADV
gujaf-70	275	5	,	,	PUNCT
gujaf-70	275	6	is	be	AUX
gujaf-70	275	7	in	in	ADP
gujaf-70	275	8	line	line	NOUN
gujaf-70	275	9	with	with	ADP
gujaf-70	275	10	established	establish	VERB
gujaf-70	275	11	literature	literature	NOUN
gujaf-70	275	12	on	on	ADP
gujaf-70	275	13	this	this	DET
gujaf-70	275	14	phenomenon	phenomenon	NOUN
gujaf-70	275	15	.	.	PUNCT
gujaf-70	276	1	for	for	ADP
gujaf-70	276	2	example	example	NOUN
gujaf-70	276	3	,	,	PUNCT
gujaf-70	276	4	akit	akit	NOUN
gujaf-70	276	5	,	,	PUNCT
gujaf-70	276	6	hamzah	hamzah	PROPN
gujaf-70	276	7	and	and	CCONJ
gujaf-70	276	8	ahmad	ahmad	PROPN
gujaf-70	276	9	(	(	PUNCT
gujaf-70	276	10	2015	2015	NUM
gujaf-70	276	11	)	)	PUNCT
gujaf-70	276	12	al	al	PROPN
gujaf-70	276	13	-	-	PUNCT
gujaf-70	276	14	masum	masum	PROPN
gujaf-70	276	15	(	(	PUNCT
gujaf-70	276	16	2014	2014	NUM
gujaf-70	276	17	)	)	PUNCT
gujaf-70	276	18	showed	show	VERB
gujaf-70	276	19	that	that	SCONJ
gujaf-70	276	20	leverage	leverage	NOUN
gujaf-70	276	21	had	have	VERB
gujaf-70	276	22	a	a	DET
gujaf-70	276	23	negative	negative	ADJ
gujaf-70	276	24	effect	effect	NOUN
gujaf-70	276	25	on	on	ADP
gujaf-70	276	26	the	the	DET
gujaf-70	276	27	market	market	NOUN
gujaf-70	276	28	price	price	NOUN
gujaf-70	276	29	of	of	ADP
gujaf-70	276	30	common	common	ADJ
gujaf-70	276	31	shares	share	NOUN
gujaf-70	276	32	.	.	PUNCT
gujaf-70	277	1	on	on	ADP
gujaf-70	277	2	the	the	DET
gujaf-70	277	3	contrary	contrary	NOUN
gujaf-70	277	4	,	,	PUNCT
gujaf-70	277	5	akani	akani	NOUN
gujaf-70	277	6	and	and	CCONJ
gujaf-70	277	7	swenewe	swenewe	PROPN
gujaf-70	277	8	(	(	PUNCT
gujaf-70	277	9	2016	2016	NUM
gujaf-70	277	10	)	)	PUNCT
gujaf-70	277	11	found	find	VERB
gujaf-70	277	12	that	that	SCONJ
gujaf-70	277	13	leverage	leverage	NOUN
gujaf-70	277	14	positively	positively	ADV
gujaf-70	277	15	affected	affect	VERB
gujaf-70	277	16	the	the	DET
gujaf-70	277	17	common	common	ADJ
gujaf-70	277	18	market	market	NOUN
gujaf-70	277	19	price	price	NOUN
gujaf-70	277	20	.	.	PUNCT
gujaf-70	278	1	this	this	DET
gujaf-70	278	2	study	study	NOUN
gujaf-70	278	3	rejects	reject	VERB
gujaf-70	278	4	the	the	DET
gujaf-70	278	5	analysis	analysis	NOUN
gujaf-70	278	6	assumptions	assumption	NOUN
gujaf-70	278	7	that	that	SCONJ
gujaf-70	278	8	leverage	leverage	NOUN
gujaf-70	278	9	does	do	AUX
gujaf-70	278	10	not	not	PART
gujaf-70	278	11	influence	influence	VERB
gujaf-70	278	12	the	the	DET
gujaf-70	278	13	share	share	NOUN
gujaf-70	278	14	price	price	NOUN
gujaf-70	278	15	of	of	ADP
gujaf-70	278	16	listed	list	VERB
gujaf-70	278	17	industrialized	industrialize	VERB
gujaf-70	278	18	firms	firm	NOUN
gujaf-70	278	19	'	'	PART
gujaf-70	278	20	common	common	ADJ
gujaf-70	278	21	stock	stock	NOUN
gujaf-70	278	22	in	in	ADP
gujaf-70	278	23	nigeria	nigeria	PROPN
gujaf-70	278	24	.	.	PUNCT
gujaf-70	279	1	the	the	DET
gujaf-70	279	2	size	size	NOUN
gujaf-70	279	3	of	of	ADP
gujaf-70	279	4	the	the	DET
gujaf-70	279	5	listed	list	VERB
gujaf-70	279	6	industrialized	industrialize	VERB
gujaf-70	279	7	firms	firm	NOUN
gujaf-70	279	8	in	in	ADP
gujaf-70	279	9	nigeria	nigeria	PROPN
gujaf-70	279	10	and	and	CCONJ
gujaf-70	279	11	the	the	DET
gujaf-70	279	12	common	common	ADJ
gujaf-70	279	13	stock	stock	NOUN
gujaf-70	279	14	market	market	NOUN
gujaf-70	279	15	price	price	NOUN
gujaf-70	279	16	have	have	VERB
gujaf-70	279	17	a	a	DET
gujaf-70	279	18	coefficient	coefficient	NOUN
gujaf-70	279	19	and	and	CCONJ
gujaf-70	279	20	t	t	NOUN
gujaf-70	279	21	-	-	PUNCT
gujaf-70	279	22	value	value	NOUN
gujaf-70	279	23	of	of	ADP
gujaf-70	279	24	-2.327	-2.327	NOUN
gujaf-70	279	25	and	and	CCONJ
gujaf-70	279	26	-2.35	-2.35	NOUN
gujaf-70	279	27	,	,	PUNCT
gujaf-70	279	28	respectively	respectively	ADV
gujaf-70	279	29	;	;	PUNCT
gujaf-70	279	30	this	this	PRON
gujaf-70	279	31	is	be	AUX
gujaf-70	279	32	important	important	ADJ
gujaf-70	279	33	at	at	ADP
gujaf-70	279	34	a	a	DET
gujaf-70	279	35	value	value	NOUN
gujaf-70	279	36	of	of	ADP
gujaf-70	279	37	0.019	0.019	NUM
gujaf-70	279	38	or	or	CCONJ
gujaf-70	279	39	1.9	1.9	NUM
gujaf-70	279	40	percent	percent	NOUN
gujaf-70	279	41	.	.	PUNCT
gujaf-70	280	1	indicating	indicate	VERB
gujaf-70	280	2	that	that	SCONJ
gujaf-70	280	3	firm	firm	ADJ
gujaf-70	280	4	size	size	NOUN
gujaf-70	280	5	has	have	VERB
gujaf-70	280	6	a	a	DET
gujaf-70	280	7	significant	significant	ADJ
gujaf-70	280	8	adverse	adverse	ADJ
gujaf-70	280	9	impact	impact	NOUN
gujaf-70	280	10	on	on	ADP
gujaf-70	280	11	the	the	DET
gujaf-70	280	12	market	market	NOUN
gujaf-70	280	13	price	price	NOUN
gujaf-70	280	14	of	of	ADP
gujaf-70	280	15	common	common	ADJ
gujaf-70	280	16	stock	stock	NOUN
gujaf-70	280	17	,	,	PUNCT
gujaf-70	280	18	a	a	DET
gujaf-70	280	19	rise	rise	NOUN
gujaf-70	280	20	in	in	ADP
gujaf-70	280	21	firm	firm	ADJ
gujaf-70	280	22	size	size	NOUN
gujaf-70	280	23	would	would	AUX
gujaf-70	280	24	reduce	reduce	VERB
gujaf-70	280	25	the	the	DET
gujaf-70	280	26	market	market	NOUN
gujaf-70	280	27	price	price	NOUN
gujaf-70	280	28	of	of	ADP
gujaf-70	280	29	common	common	ADJ
gujaf-70	280	30	stock	stock	NOUN
gujaf-70	280	31	of	of	ADP
gujaf-70	280	32	listed	list	VERB
gujaf-70	280	33	industrialized	industrialize	VERB
gujaf-70	280	34	firms	firm	NOUN
gujaf-70	280	35	in	in	ADP
gujaf-70	280	36	nigeria	nigeria	PROPN
gujaf-70	280	37	by	by	ADP
gujaf-70	280	38	1.9	1.9	NUM
gujaf-70	280	39	percent	percent	NOUN
gujaf-70	280	40	.	.	PUNCT
gujaf-70	281	1	it	it	PRON
gujaf-70	281	2	suggests	suggest	VERB
gujaf-70	281	3	that	that	SCONJ
gujaf-70	281	4	the	the	DET
gujaf-70	281	5	sample	sample	NOUN
gujaf-70	281	6	companies	company	NOUN
gujaf-70	281	7	are	be	AUX
gujaf-70	281	8	not	not	PART
gujaf-70	281	9	maximizing	maximize	VERB
gujaf-70	281	10	their	their	PRON
gujaf-70	281	11	size	size	NOUN
gujaf-70	281	12	in	in	ADP
gujaf-70	281	13	order	order	NOUN
gujaf-70	281	14	to	to	PART
gujaf-70	281	15	increase	increase	VERB
gujaf-70	281	16	shareholder	shareholder	NOUN
gujaf-70	281	17	wealth	wealth	NOUN
gujaf-70	281	18	.	.	PUNCT
gujaf-70	282	1	the	the	DET
gujaf-70	282	2	apriori	apriori	ADJ
gujaf-70	282	3	expectation	expectation	NOUN
gujaf-70	282	4	of	of	ADP
gujaf-70	282	5	the	the	DET
gujaf-70	282	6	effect	effect	NOUN
gujaf-70	282	7	of	of	ADP
gujaf-70	282	8	firm	firm	ADJ
gujaf-70	282	9	size	size	NOUN
gujaf-70	282	10	on	on	ADP
gujaf-70	282	11	the	the	DET
gujaf-70	282	12	market	market	NOUN
gujaf-70	282	13	price	price	NOUN
gujaf-70	282	14	of	of	ADP
gujaf-70	282	15	common	common	ADJ
gujaf-70	282	16	stock	stock	NOUN
gujaf-70	282	17	is	be	AUX
gujaf-70	282	18	that	that	SCONJ
gujaf-70	282	19	it	it	PRON
gujaf-70	282	20	has	have	VERB
gujaf-70	282	21	a	a	DET
gujaf-70	282	22	positive	positive	ADJ
gujaf-70	282	23	impact	impact	NOUN
gujaf-70	282	24	,	,	PUNCT
gujaf-70	282	25	as	as	SCONJ
gujaf-70	282	26	asquith	asquith	PROPN
gujaf-70	282	27	and	and	CCONJ
gujaf-70	282	28	mullins	mullins	PROPN
gujaf-70	282	29	(	(	PUNCT
gujaf-70	282	30	1983	1983	NUM
gujaf-70	282	31	)	)	PUNCT
gujaf-70	282	32	argue	argue	VERB
gujaf-70	282	33	in	in	ADP
gujaf-70	282	34	the	the	DET
gujaf-70	282	35	literature	literature	NOUN
gujaf-70	282	36	that	that	SCONJ
gujaf-70	282	37	large	large	ADJ
gujaf-70	282	38	companies	company	NOUN
gujaf-70	282	39	are	be	AUX
gujaf-70	282	40	maximizing	maximize	VERB
gujaf-70	282	41	shareholders	shareholder	NOUN
gujaf-70	282	42	’	’	PART
gujaf-70	282	43	wealth	wealth	NOUN
gujaf-70	282	44	rather	rather	ADV
gujaf-70	282	45	than	than	ADP
gujaf-70	282	46	small	small	ADJ
gujaf-70	282	47	ones	one	NOUN
gujaf-70	282	48	because	because	SCONJ
gujaf-70	282	49	of	of	ADP
gujaf-70	282	50	their	their	PRON
gujaf-70	282	51	financial	financial	ADJ
gujaf-70	282	52	viability	viability	NOUN
gujaf-70	282	53	.	.	PUNCT
gujaf-70	283	1	the	the	DET
gujaf-70	283	2	negative	negative	ADJ
gujaf-70	283	3	impact	impact	NOUN
gujaf-70	283	4	of	of	ADP
gujaf-70	283	5	this	this	DET
gujaf-70	283	6	finding	finding	NOUN
gujaf-70	283	7	then	then	ADV
gujaf-70	283	8	weakened	weaken	VERB
gujaf-70	283	9	this	this	DET
gujaf-70	283	10	status	status	NOUN
gujaf-70	283	11	.	.	PUNCT
gujaf-70	284	1	the	the	DET
gujaf-70	284	2	finding	finding	NOUN
gujaf-70	284	3	,	,	PUNCT
gujaf-70	284	4	however	however	ADV
gujaf-70	284	5	,	,	PUNCT
gujaf-70	284	6	is	be	AUX
gujaf-70	284	7	in	in	ADP
gujaf-70	284	8	line	line	NOUN
gujaf-70	284	9	with	with	ADP
gujaf-70	284	10	established	establish	VERB
gujaf-70	284	11	literature	literature	NOUN
gujaf-70	284	12	on	on	ADP
gujaf-70	284	13	this	this	DET
gujaf-70	284	14	phenomenon	phenomenon	NOUN
gujaf-70	284	15	.	.	PUNCT
gujaf-70	285	1	e.g.	e.g.	ADV
gujaf-70	285	2	,	,	PUNCT
gujaf-70	285	3	the	the	DET
gujaf-70	285	4	studies	study	NOUN
gujaf-70	285	5	kumaresam	kumaresam	NOUN
gujaf-70	285	6	(	(	PUNCT
gujaf-70	285	7	2014	2014	NUM
gujaf-70	285	8	)	)	PUNCT
gujaf-70	285	9	,	,	PUNCT
gujaf-70	285	10	hasan	hasan	PROPN
gujaf-70	285	11	,	,	PUNCT
gujaf-70	285	12	asaduzzaman	asaduzzaman	NOUN
gujaf-70	285	13	and	and	CCONJ
gujaf-70	285	14	karim	karim	PROPN
gujaf-70	285	15	(	(	PUNCT
gujaf-70	285	16	2013	2013	NUM
gujaf-70	285	17	)	)	PUNCT
gujaf-70	285	18	,	,	PUNCT
gujaf-70	285	19	waithaka	waithaka	PROPN
gujaf-70	285	20	,	,	PUNCT
gujaf-70	285	21	ngugi	ngugi	PROPN
gujaf-70	285	22	,	,	PUNCT
gujaf-70	285	23	aiyabei	aiyabei	NOUN
gujaf-70	285	24	,	,	PUNCT
gujaf-70	285	25	itunga	itunga	NOUN
gujaf-70	285	26	and	and	CCONJ
gujaf-70	285	27	kirago	kirago	PROPN
gujaf-70	285	28	(	(	PUNCT
gujaf-70	285	29	2012	2012	NUM
gujaf-70	285	30	)	)	PUNCT
gujaf-70	285	31	,	,	PUNCT
gujaf-70	285	32	and	and	CCONJ
gujaf-70	285	33	asquith	asquith	PROPN
gujaf-70	285	34	and	and	CCONJ
gujaf-70	285	35	mullins	mullins	PROPN
gujaf-70	285	36	(	(	PUNCT
gujaf-70	285	37	1983	1983	NUM
gujaf-70	285	38	)	)	PUNCT
gujaf-70	285	39	found	find	VERB
gujaf-70	285	40	a	a	DET
gujaf-70	285	41	positive	positive	ADJ
gujaf-70	285	42	effect	effect	NOUN
gujaf-70	285	43	of	of	ADP
gujaf-70	285	44	firm	firm	ADJ
gujaf-70	285	45	size	size	NOUN
gujaf-70	285	46	on	on	ADP
gujaf-70	285	47	the	the	DET
gujaf-70	285	48	common	common	ADJ
gujaf-70	285	49	stock	stock	NOUN
gujaf-70	285	50	market	market	NOUN
gujaf-70	285	51	price	price	NOUN
gujaf-70	285	52	.	.	PUNCT
gujaf-70	286	1	this	this	DET
gujaf-70	286	2	study	study	NOUN
gujaf-70	286	3	rejects	reject	VERB
gujaf-70	286	4	the	the	DET
gujaf-70	286	5	null	null	ADJ
gujaf-70	286	6	hypothesis	hypothesis	NOUN
gujaf-70	286	7	that	that	PRON
gujaf-70	286	8	the	the	DET
gujaf-70	286	9	size	size	NOUN
gujaf-70	286	10	of	of	ADP
gujaf-70	286	11	the	the	DET
gujaf-70	286	12	company	company	NOUN
gujaf-70	286	13	does	do	AUX
gujaf-70	286	14	not	not	PART
gujaf-70	286	15	influence	influence	VERB
gujaf-70	286	16	the	the	DET
gujaf-70	286	17	share	share	NOUN
gujaf-70	286	18	price	price	NOUN
gujaf-70	286	19	of	of	ADP
gujaf-70	286	20	the	the	DET
gujaf-70	286	21	common	common	ADJ
gujaf-70	286	22	stock	stock	NOUN
gujaf-70	286	23	of	of	ADP
gujaf-70	286	24	listed	list	VERB
gujaf-70	286	25	industrialized	industrialize	VERB
gujaf-70	286	26	firms	firm	NOUN
gujaf-70	286	27	in	in	ADP
gujaf-70	286	28	nigeria	nigeria	PROPN
gujaf-70	286	29	.	.	PUNCT
gujaf-70	287	1	the	the	DET
gujaf-70	287	2	firm	firm	ADJ
gujaf-70	287	3	growth	growth	NOUN
gujaf-70	287	4	of	of	ADP
gujaf-70	287	5	the	the	DET
gujaf-70	287	6	listed	list	VERB
gujaf-70	287	7	industrialized	industrialize	VERB
gujaf-70	287	8	firms	firm	NOUN
gujaf-70	287	9	in	in	ADP
gujaf-70	287	10	nigeria	nigeria	PROPN
gujaf-70	287	11	and	and	CCONJ
gujaf-70	287	12	the	the	DET
gujaf-70	287	13	common	common	ADJ
gujaf-70	287	14	stock	stock	NOUN
gujaf-70	287	15	market	market	NOUN
gujaf-70	287	16	price	price	NOUN
gujaf-70	287	17	have	have	VERB
gujaf-70	287	18	a	a	DET
gujaf-70	287	19	coefficient	coefficient	NOUN
gujaf-70	287	20	and	and	CCONJ
gujaf-70	287	21	t	t	NOUN
gujaf-70	287	22	-	-	PUNCT
gujaf-70	287	23	value	value	NOUN
gujaf-70	287	24	of	of	ADP
gujaf-70	287	25	6.081	6.081	NUM
gujaf-70	287	26	and	and	CCONJ
gujaf-70	287	27	16.12	16.12	NUM
gujaf-70	287	28	,	,	PUNCT
gujaf-70	287	29	respectively	respectively	ADV
gujaf-70	287	30	;	;	PUNCT
gujaf-70	287	31	this	this	PRON
gujaf-70	287	32	is	be	AUX
gujaf-70	287	33	important	important	ADJ
gujaf-70	287	34	at	at	ADP
gujaf-70	287	35	0.000	0.000	NUM
gujaf-70	287	36	or	or	CCONJ
gujaf-70	287	37	1	1	NUM
gujaf-70	287	38	%	%	NOUN
gujaf-70	287	39	.	.	PUNCT
gujaf-70	288	1	it	it	PRON
gujaf-70	288	2	shows	show	VERB
gujaf-70	288	3	that	that	SCONJ
gujaf-70	288	4	firm	firm	ADJ
gujaf-70	288	5	growth	growth	NOUN
gujaf-70	288	6	has	have	VERB
gujaf-70	288	7	a	a	DET
gujaf-70	288	8	significant	significant	ADJ
gujaf-70	288	9	beneficial	beneficial	ADJ
gujaf-70	288	10	impact	impact	NOUN
gujaf-70	288	11	on	on	ADP
gujaf-70	288	12	the	the	DET
gujaf-70	288	13	market	market	NOUN
gujaf-70	288	14	price	price	NOUN
gujaf-70	288	15	of	of	ADP
gujaf-70	288	16	the	the	DET
gujaf-70	288	17	common	common	ADJ
gujaf-70	288	18	stock	stock	NOUN
gujaf-70	288	19	,	,	PUNCT
gujaf-70	288	20	which	which	PRON
gujaf-70	288	21	means	mean	VERB
gujaf-70	288	22	that	that	SCONJ
gujaf-70	288	23	a	a	DET
gujaf-70	288	24	rise	rise	NOUN
gujaf-70	288	25	in	in	ADP
gujaf-70	288	26	the	the	DET
gujaf-70	288	27	company	company	NOUN
gujaf-70	288	28	's	's	PART
gujaf-70	288	29	growth	growth	NOUN
gujaf-70	288	30	would	would	AUX
gujaf-70	288	31	increase	increase	VERB
gujaf-70	288	32	the	the	DET
gujaf-70	288	33	market	market	NOUN
gujaf-70	288	34	price	price	NOUN
gujaf-70	288	35	of	of	ADP
gujaf-70	288	36	the	the	DET
gujaf-70	288	37	common	common	ADJ
gujaf-70	288	38	stock	stock	NOUN
gujaf-70	288	39	by	by	ADP
gujaf-70	288	40	1	1	NUM
gujaf-70	288	41	%	%	NOUN
gujaf-70	288	42	indicating	indicate	VERB
gujaf-70	288	43	that	that	SCONJ
gujaf-70	288	44	the	the	DET
gujaf-70	288	45	sampled	sample	VERB
gujaf-70	288	46	companies	company	NOUN
gujaf-70	288	47	are	be	AUX
gujaf-70	288	48	using	use	VERB
gujaf-70	288	49	their	their	PRON
gujaf-70	288	50	growth	growth	NOUN
gujaf-70	288	51	to	to	PART
gujaf-70	288	52	make	make	VERB
gujaf-70	288	53	a	a	DET
gujaf-70	288	54	positive	positive	ADJ
gujaf-70	288	55	effect	effect	NOUN
gujaf-70	288	56	on	on	ADP
gujaf-70	288	57	shareholders	shareholder	NOUN
gujaf-70	288	58	'	'	PART
gujaf-70	288	59	equity	equity	NOUN
gujaf-70	288	60	.	.	PUNCT
gujaf-70	289	1	the	the	DET
gujaf-70	289	2	a	a	DET
gujaf-70	289	3	priori	priori	ADJ
gujaf-70	289	4	presumption	presumption	NOUN
gujaf-70	289	5	that	that	SCONJ
gujaf-70	289	6	firm	firm	ADJ
gujaf-70	289	7	growth	growth	NOUN
gujaf-70	289	8	will	will	AUX
gujaf-70	289	9	affect	affect	VERB
gujaf-70	289	10	the	the	DET
gujaf-70	289	11	market	market	NOUN
gujaf-70	289	12	price	price	NOUN
gujaf-70	289	13	of	of	ADP
gujaf-70	289	14	common	common	ADJ
gujaf-70	289	15	stock	stock	NOUN
gujaf-70	289	16	will	will	AUX
gujaf-70	289	17	have	have	VERB
gujaf-70	289	18	a	a	DET
gujaf-70	289	19	positive	positive	ADJ
gujaf-70	289	20	impact	impact	NOUN
gujaf-70	289	21	.	.	PUNCT
gujaf-70	290	1	rozeff	rozeff	NOUN
gujaf-70	290	2	(	(	PUNCT
gujaf-70	290	3	1982	1982	NUM
gujaf-70	290	4	)	)	PUNCT
gujaf-70	290	5	argued	argue	VERB
gujaf-70	290	6	that	that	SCONJ
gujaf-70	290	7	increasing	increase	VERB
gujaf-70	290	8	companies	company	NOUN
gujaf-70	290	9	pay	pay	VERB
gujaf-70	290	10	dividends	dividend	NOUN
gujaf-70	290	11	to	to	PART
gujaf-70	290	12	raise	raise	VERB
gujaf-70	290	13	the	the	DET
gujaf-70	290	14	share	share	NOUN
gujaf-70	290	15	price	price	NOUN
gujaf-70	290	16	of	of	ADP
gujaf-70	290	17	popular	popular	ADJ
gujaf-70	290	18	stocks	stock	NOUN
gujaf-70	290	19	,	,	PUNCT
gujaf-70	290	20	which	which	PRON
gujaf-70	290	21	encourages	encourage	VERB
gujaf-70	290	22	investors	investor	NOUN
gujaf-70	290	23	to	to	PART
gujaf-70	290	24	invest	invest	VERB
gujaf-70	290	25	in	in	ADP
gujaf-70	290	26	business	business	NOUN
gujaf-70	290	27	relative	relative	ADJ
gujaf-70	290	28	to	to	ADP
gujaf-70	290	29	mature	mature	ADJ
gujaf-70	290	30	firms	firm	NOUN
gujaf-70	290	31	.	.	PUNCT
gujaf-70	291	1	mature	mature	ADJ
gujaf-70	291	2	companies	company	NOUN
gujaf-70	291	3	gusau	gusau	ADJ
gujaf-70	291	4	journal	journal	NOUN
gujaf-70	291	5	of	of	ADP
gujaf-70	291	6	accounting	accounting	NOUN
gujaf-70	291	7	and	and	CCONJ
gujaf-70	291	8	finance	finance	NOUN
gujaf-70	291	9	,	,	PUNCT
gujaf-70	291	10	vol	vol	NOUN
gujaf-70	291	11	.	.	PROPN
gujaf-70	291	12	2	2	NUM
gujaf-70	291	13	,	,	PUNCT
gujaf-70	291	14	issue	issue	NOUN
gujaf-70	291	15	2	2	NUM
gujaf-70	291	16	,	,	PUNCT
gujaf-70	291	17	april	april	PROPN
gujaf-70	291	18	,	,	PUNCT
gujaf-70	291	19	2021	2021	NUM
gujaf-70	291	20	14	14	NUM
gujaf-70	291	21	can	can	AUX
gujaf-70	291	22	also	also	ADV
gujaf-70	291	23	pay	pay	VERB
gujaf-70	291	24	dividends	dividend	NOUN
gujaf-70	291	25	to	to	PART
gujaf-70	291	26	demonstrate	demonstrate	VERB
gujaf-70	291	27	to	to	ADP
gujaf-70	291	28	the	the	DET
gujaf-70	291	29	market	market	NOUN
gujaf-70	291	30	that	that	SCONJ
gujaf-70	291	31	they	they	PRON
gujaf-70	291	32	face	face	VERB
gujaf-70	291	33	less	less	ADJ
gujaf-70	291	34	systematic	systematic	ADJ
gujaf-70	291	35	risk	risk	NOUN
gujaf-70	291	36	as	as	SCONJ
gujaf-70	291	37	their	their	PRON
gujaf-70	291	38	goods	good	NOUN
gujaf-70	291	39	or	or	CCONJ
gujaf-70	291	40	markets	market	NOUN
gujaf-70	291	41	enter	enter	VERB
gujaf-70	291	42	a	a	DET
gujaf-70	291	43	mature	mature	ADJ
gujaf-70	291	44	stage	stage	NOUN
gujaf-70	291	45	(	(	PUNCT
gujaf-70	291	46	thirumagal	thirumagal	PROPN
gujaf-70	291	47	&	&	CCONJ
gujaf-70	291	48	vasantha	vasantha	NOUN
gujaf-70	291	49	,	,	PUNCT
gujaf-70	291	50	2016	2016	NUM
gujaf-70	291	51	)	)	PUNCT
gujaf-70	291	52	.	.	PUNCT
gujaf-70	292	1	the	the	DET
gujaf-70	292	2	positive	positive	ADJ
gujaf-70	292	3	influence	influence	NOUN
gujaf-70	292	4	of	of	ADP
gujaf-70	292	5	this	this	DET
gujaf-70	292	6	result	result	NOUN
gujaf-70	292	7	then	then	ADV
gujaf-70	292	8	sustains	sustain	VERB
gujaf-70	292	9	this	this	DET
gujaf-70	292	10	position	position	NOUN
gujaf-70	292	11	.	.	PUNCT
gujaf-70	293	1	the	the	DET
gujaf-70	293	2	finding	finding	NOUN
gujaf-70	293	3	,	,	PUNCT
gujaf-70	293	4	however	however	ADV
gujaf-70	293	5	,	,	PUNCT
gujaf-70	293	6	is	be	AUX
gujaf-70	293	7	in	in	ADP
gujaf-70	293	8	line	line	NOUN
gujaf-70	293	9	with	with	ADP
gujaf-70	293	10	established	establish	VERB
gujaf-70	293	11	literature	literature	NOUN
gujaf-70	293	12	on	on	ADP
gujaf-70	293	13	this	this	DET
gujaf-70	293	14	phenomenon	phenomenon	NOUN
gujaf-70	293	15	.	.	PUNCT
gujaf-70	294	1	for	for	ADP
gujaf-70	294	2	example	example	NOUN
gujaf-70	294	3	,	,	PUNCT
gujaf-70	294	4	studies	study	NOUN
gujaf-70	294	5	by	by	ADP
gujaf-70	294	6	dewet	dewet	NOUN
gujaf-70	294	7	and	and	CCONJ
gujaf-70	294	8	mpinda	mpinda	ADJ
gujaf-70	294	9	(	(	PUNCT
gujaf-70	294	10	2013	2013	NUM
gujaf-70	294	11	)	)	PUNCT
gujaf-70	294	12	,	,	PUNCT
gujaf-70	294	13	farinha	farinha	NOUN
gujaf-70	294	14	(	(	PUNCT
gujaf-70	294	15	2003	2003	NUM
gujaf-70	294	16	)	)	PUNCT
gujaf-70	294	17	,	,	PUNCT
gujaf-70	294	18	and	and	CCONJ
gujaf-70	294	19	grullon	grullon	NOUN
gujaf-70	294	20	,	,	PUNCT
gujaf-70	294	21	michaely	michaely	ADV
gujaf-70	294	22	,	,	PUNCT
gujaf-70	294	23	and	and	CCONJ
gujaf-70	294	24	swaminathan	swaminathan	ADV
gujaf-70	294	25	(	(	PUNCT
gujaf-70	294	26	2002	2002	NUM
gujaf-70	294	27	)	)	PUNCT
gujaf-70	294	28	have	have	AUX
gujaf-70	294	29	shown	show	VERB
gujaf-70	294	30	that	that	SCONJ
gujaf-70	294	31	firm	firm	ADJ
gujaf-70	294	32	growth	growth	NOUN
gujaf-70	294	33	has	have	AUX
gujaf-70	294	34	had	have	VERB
gujaf-70	294	35	a	a	DET
gujaf-70	294	36	positive	positive	ADJ
gujaf-70	294	37	impact	impact	NOUN
gujaf-70	294	38	on	on	ADP
gujaf-70	294	39	the	the	DET
gujaf-70	294	40	market	market	NOUN
gujaf-70	294	41	price	price	NOUN
gujaf-70	294	42	of	of	ADP
gujaf-70	294	43	common	common	ADJ
gujaf-70	294	44	shares	share	NOUN
gujaf-70	294	45	.	.	PUNCT
gujaf-70	295	1	this	this	DET
gujaf-70	295	2	study	study	NOUN
gujaf-70	295	3	rejects	reject	VERB
gujaf-70	295	4	the	the	DET
gujaf-70	295	5	null	null	ADJ
gujaf-70	295	6	hypothesis	hypothesis	NOUN
gujaf-70	295	7	that	that	PRON
gujaf-70	295	8	growth	growth	NOUN
gujaf-70	295	9	does	do	AUX
gujaf-70	295	10	not	not	PART
gujaf-70	295	11	affect	affect	VERB
gujaf-70	295	12	the	the	DET
gujaf-70	295	13	share	share	NOUN
gujaf-70	295	14	price	price	NOUN
gujaf-70	295	15	of	of	ADP
gujaf-70	295	16	listed	list	VERB
gujaf-70	295	17	industrialized	industrialize	VERB
gujaf-70	295	18	firms	firm	NOUN
gujaf-70	295	19	'	'	PART
gujaf-70	295	20	common	common	ADJ
gujaf-70	295	21	stock	stock	NOUN
gujaf-70	295	22	in	in	ADP
gujaf-70	295	23	nigeria	nigeria	PROPN
gujaf-70	295	24	.	.	PUNCT
gujaf-70	296	1	the	the	DET
gujaf-70	296	2	age	age	NOUN
gujaf-70	296	3	of	of	ADP
gujaf-70	296	4	the	the	DET
gujaf-70	296	5	listed	list	VERB
gujaf-70	296	6	industrialized	industrialize	VERB
gujaf-70	296	7	firms	firm	NOUN
gujaf-70	296	8	in	in	ADP
gujaf-70	296	9	nigeria	nigeria	PROPN
gujaf-70	296	10	and	and	CCONJ
gujaf-70	296	11	the	the	DET
gujaf-70	296	12	common	common	ADJ
gujaf-70	296	13	stock	stock	NOUN
gujaf-70	296	14	market	market	NOUN
gujaf-70	296	15	price	price	NOUN
gujaf-70	296	16	have	have	VERB
gujaf-70	296	17	a	a	DET
gujaf-70	296	18	coefficient	coefficient	NOUN
gujaf-70	296	19	and	and	CCONJ
gujaf-70	296	20	t	t	NOUN
gujaf-70	296	21	-	-	PUNCT
gujaf-70	296	22	value	value	NOUN
gujaf-70	296	23	of	of	ADP
gujaf-70	296	24	0.400	0.400	NUM
gujaf-70	296	25	and	and	CCONJ
gujaf-70	296	26	3.23	3.23	NUM
gujaf-70	296	27	,	,	PUNCT
gujaf-70	296	28	respectively	respectively	ADV
gujaf-70	296	29	;	;	PUNCT
gujaf-70	296	30	this	this	PRON
gujaf-70	296	31	is	be	AUX
gujaf-70	296	32	important	important	ADJ
gujaf-70	296	33	at	at	ADP
gujaf-70	296	34	a	a	DET
gujaf-70	296	35	value	value	NOUN
gujaf-70	296	36	of	of	ADP
gujaf-70	296	37	0.001	0.001	NUM
gujaf-70	296	38	or	or	CCONJ
gujaf-70	296	39	0.1	0.1	NUM
gujaf-70	296	40	percent	percent	NOUN
gujaf-70	296	41	.	.	PUNCT
gujaf-70	297	1	it	it	PRON
gujaf-70	297	2	demonstrates	demonstrate	VERB
gujaf-70	297	3	that	that	SCONJ
gujaf-70	297	4	the	the	DET
gujaf-70	297	5	firm	firm	ADJ
gujaf-70	297	6	age	age	NOUN
gujaf-70	297	7	has	have	VERB
gujaf-70	297	8	a	a	DET
gujaf-70	297	9	significant	significant	ADJ
gujaf-70	297	10	positive	positive	ADJ
gujaf-70	297	11	impact	impact	NOUN
gujaf-70	297	12	on	on	ADP
gujaf-70	297	13	the	the	DET
gujaf-70	297	14	market	market	NOUN
gujaf-70	297	15	price	price	NOUN
gujaf-70	297	16	of	of	ADP
gujaf-70	297	17	the	the	DET
gujaf-70	297	18	common	common	ADJ
gujaf-70	297	19	stock	stock	NOUN
gujaf-70	297	20	,	,	PUNCT
gujaf-70	297	21	which	which	PRON
gujaf-70	297	22	means	mean	VERB
gujaf-70	297	23	that	that	SCONJ
gujaf-70	297	24	an	an	DET
gujaf-70	297	25	improvement	improvement	NOUN
gujaf-70	297	26	in	in	ADP
gujaf-70	297	27	the	the	DET
gujaf-70	297	28	business	business	NOUN
gujaf-70	297	29	age	age	NOUN
gujaf-70	297	30	would	would	AUX
gujaf-70	297	31	increase	increase	VERB
gujaf-70	297	32	the	the	DET
gujaf-70	297	33	market	market	NOUN
gujaf-70	297	34	price	price	NOUN
gujaf-70	297	35	of	of	ADP
gujaf-70	297	36	common	common	ADJ
gujaf-70	297	37	stock	stock	NOUN
gujaf-70	297	38	by	by	ADP
gujaf-70	297	39	0.1	0.1	NUM
gujaf-70	297	40	%	%	NOUN
gujaf-70	297	41	.	.	PUNCT
gujaf-70	298	1	it	it	PRON
gujaf-70	298	2	shows	show	VERB
gujaf-70	298	3	that	that	SCONJ
gujaf-70	298	4	older	old	ADJ
gujaf-70	298	5	companies	company	NOUN
gujaf-70	298	6	earn	earn	VERB
gujaf-70	298	7	more	more	ADJ
gujaf-70	298	8	because	because	SCONJ
gujaf-70	298	9	they	they	PRON
gujaf-70	298	10	have	have	VERB
gujaf-70	298	11	more	more	ADJ
gujaf-70	298	12	industry	industry	NOUN
gujaf-70	298	13	knowledge	knowledge	NOUN
gujaf-70	298	14	,	,	PUNCT
gujaf-70	298	15	because	because	SCONJ
gujaf-70	298	16	they	they	PRON
gujaf-70	298	17	have	have	AUX
gujaf-70	298	18	built	build	VERB
gujaf-70	298	19	up	up	ADP
gujaf-70	298	20	their	their	PRON
gujaf-70	298	21	market	market	NOUN
gujaf-70	298	22	share	share	NOUN
gujaf-70	298	23	,	,	PUNCT
gujaf-70	298	24	and	and	CCONJ
gujaf-70	298	25	usually	usually	ADV
gujaf-70	298	26	have	have	VERB
gujaf-70	298	27	less	less	ADJ
gujaf-70	298	28	cost	cost	NOUN
gujaf-70	298	29	structure	structure	NOUN
gujaf-70	298	30	.	.	PUNCT
gujaf-70	299	1	older	old	ADJ
gujaf-70	299	2	companies	company	NOUN
gujaf-70	299	3	may	may	AUX
gujaf-70	299	4	be	be	AUX
gujaf-70	299	5	approaching	approach	VERB
gujaf-70	299	6	the	the	DET
gujaf-70	299	7	end	end	NOUN
gujaf-70	299	8	of	of	ADP
gujaf-70	299	9	their	their	PRON
gujaf-70	299	10	product	product	NOUN
gujaf-70	299	11	life	life	NOUN
gujaf-70	299	12	cycle	cycle	NOUN
gujaf-70	299	13	again	again	ADV
gujaf-70	299	14	.	.	PUNCT
gujaf-70	300	1	for	for	ADP
gujaf-70	300	2	this	this	DET
gujaf-70	300	3	reason	reason	NOUN
gujaf-70	300	4	,	,	PUNCT
gujaf-70	300	5	the	the	DET
gujaf-70	300	6	first	first	ADJ
gujaf-70	300	7	assumption	assumption	NOUN
gujaf-70	300	8	of	of	ADP
gujaf-70	300	9	the	the	DET
gujaf-70	300	10	effect	effect	NOUN
gujaf-70	300	11	of	of	ADP
gujaf-70	300	12	the	the	DET
gujaf-70	300	13	firm	firm	ADJ
gujaf-70	300	14	age	age	NOUN
gujaf-70	300	15	on	on	ADP
gujaf-70	300	16	the	the	DET
gujaf-70	300	17	share	share	NOUN
gujaf-70	300	18	price	price	NOUN
gujaf-70	300	19	of	of	ADP
gujaf-70	300	20	the	the	DET
gujaf-70	300	21	common	common	ADJ
gujaf-70	300	22	stock	stock	NOUN
gujaf-70	300	23	is	be	AUX
gujaf-70	300	24	that	that	SCONJ
gujaf-70	300	25	it	it	PRON
gujaf-70	300	26	would	would	AUX
gujaf-70	300	27	have	have	VERB
gujaf-70	300	28	a	a	DET
gujaf-70	300	29	positive	positive	ADJ
gujaf-70	300	30	impact	impact	NOUN
gujaf-70	300	31	.	.	PUNCT
gujaf-70	301	1	salawudeen	salawudeen	PROPN
gujaf-70	301	2	and	and	CCONJ
gujaf-70	301	3	suleiman	suleiman	PROPN
gujaf-70	301	4	(	(	PUNCT
gujaf-70	301	5	2017	2017	NUM
gujaf-70	301	6	)	)	PUNCT
gujaf-70	301	7	argued	argue	VERB
gujaf-70	301	8	that	that	SCONJ
gujaf-70	301	9	older	old	ADJ
gujaf-70	301	10	companies	company	NOUN
gujaf-70	301	11	are	be	AUX
gujaf-70	301	12	doing	do	VERB
gujaf-70	301	13	better	well	ADV
gujaf-70	301	14	as	as	SCONJ
gujaf-70	301	15	they	they	PRON
gujaf-70	301	16	reach	reach	VERB
gujaf-70	301	17	the	the	DET
gujaf-70	301	18	end	end	NOUN
gujaf-70	301	19	of	of	ADP
gujaf-70	301	20	their	their	PRON
gujaf-70	301	21	product	product	NOUN
gujaf-70	301	22	life	life	NOUN
gujaf-70	301	23	cycle	cycle	NOUN
gujaf-70	301	24	,	,	PUNCT
gujaf-70	301	25	impacting	impact	VERB
gujaf-70	301	26	positively	positively	ADV
gujaf-70	301	27	on	on	ADP
gujaf-70	301	28	common	common	ADJ
gujaf-70	301	29	shares	share	NOUN
gujaf-70	301	30	'	'	PART
gujaf-70	301	31	market	market	NOUN
gujaf-70	301	32	price	price	NOUN
gujaf-70	301	33	.	.	PUNCT
gujaf-70	302	1	the	the	DET
gujaf-70	302	2	positive	positive	ADJ
gujaf-70	302	3	influence	influence	NOUN
gujaf-70	302	4	of	of	ADP
gujaf-70	302	5	this	this	DET
gujaf-70	302	6	result	result	NOUN
gujaf-70	302	7	then	then	ADV
gujaf-70	302	8	sustains	sustain	VERB
gujaf-70	302	9	this	this	DET
gujaf-70	302	10	position	position	NOUN
gujaf-70	302	11	.	.	PUNCT
gujaf-70	303	1	the	the	DET
gujaf-70	303	2	finding	finding	NOUN
gujaf-70	303	3	,	,	PUNCT
gujaf-70	303	4	however	however	ADV
gujaf-70	303	5	,	,	PUNCT
gujaf-70	303	6	is	be	AUX
gujaf-70	303	7	in	in	ADP
gujaf-70	303	8	line	line	NOUN
gujaf-70	303	9	with	with	ADP
gujaf-70	303	10	established	establish	VERB
gujaf-70	303	11	literature	literature	NOUN
gujaf-70	303	12	on	on	ADP
gujaf-70	303	13	this	this	DET
gujaf-70	303	14	phenomenon	phenomenon	NOUN
gujaf-70	303	15	.	.	PUNCT
gujaf-70	304	1	for	for	ADP
gujaf-70	304	2	example	example	NOUN
gujaf-70	304	3	,	,	PUNCT
gujaf-70	304	4	elangkumara	elangkumara	NOUN
gujaf-70	304	5	and	and	CCONJ
gujaf-70	304	6	jenitta	jenitta	ADJ
gujaf-70	304	7	(	(	PUNCT
gujaf-70	304	8	2012	2012	NUM
gujaf-70	304	9	)	)	PUNCT
gujaf-70	304	10	and	and	CCONJ
gujaf-70	304	11	lipczinsky	lipczinsky	PROPN
gujaf-70	304	12	and	and	CCONJ
gujaf-70	304	13	wilson	wilson	PROPN
gujaf-70	304	14	(	(	PUNCT
gujaf-70	304	15	2001	2001	NUM
gujaf-70	304	16	)	)	PUNCT
gujaf-70	304	17	have	have	AUX
gujaf-70	304	18	shown	show	VERB
gujaf-70	304	19	that	that	SCONJ
gujaf-70	304	20	a	a	DET
gujaf-70	304	21	firm	firm	ADJ
gujaf-70	304	22	age	age	NOUN
gujaf-70	304	23	has	have	VERB
gujaf-70	304	24	a	a	DET
gujaf-70	304	25	positive	positive	ADJ
gujaf-70	304	26	impact	impact	NOUN
gujaf-70	304	27	on	on	ADP
gujaf-70	304	28	the	the	DET
gujaf-70	304	29	market	market	NOUN
gujaf-70	304	30	price	price	NOUN
gujaf-70	304	31	of	of	ADP
gujaf-70	304	32	the	the	DET
gujaf-70	304	33	share	share	NOUN
gujaf-70	304	34	.	.	PUNCT
gujaf-70	305	1	this	this	DET
gujaf-70	305	2	study	study	NOUN
gujaf-70	305	3	rejects	reject	VERB
gujaf-70	305	4	the	the	DET
gujaf-70	305	5	null	null	ADJ
gujaf-70	305	6	hypothesis	hypothesis	NOUN
gujaf-70	305	7	that	that	PRON
gujaf-70	305	8	a	a	DET
gujaf-70	305	9	firm	firm	ADJ
gujaf-70	305	10	age	age	NOUN
gujaf-70	305	11	does	do	AUX
gujaf-70	305	12	not	not	PART
gujaf-70	305	13	impact	impact	VERB
gujaf-70	305	14	the	the	DET
gujaf-70	305	15	share	share	NOUN
gujaf-70	305	16	price	price	NOUN
gujaf-70	305	17	of	of	ADP
gujaf-70	305	18	listed	list	VERB
gujaf-70	305	19	industrialized	industrialize	VERB
gujaf-70	305	20	firms	firm	NOUN
gujaf-70	305	21	'	'	PART
gujaf-70	305	22	common	common	ADJ
gujaf-70	305	23	stock	stock	NOUN
gujaf-70	305	24	in	in	ADP
gujaf-70	305	25	nigeria	nigeria	PROPN
gujaf-70	305	26	.	.	PUNCT
gujaf-70	306	1	5	5	X
gujaf-70	306	2	.	.	X
gujaf-70	306	3	conclusion	conclusion	NOUN
gujaf-70	306	4	and	and	CCONJ
gujaf-70	306	5	recommendations	recommendation	NOUN
gujaf-70	306	6	there	there	PRON
gujaf-70	306	7	is	be	VERB
gujaf-70	306	8	a	a	DET
gujaf-70	306	9	significant	significant	ADJ
gujaf-70	306	10	positive	positive	ADJ
gujaf-70	306	11	effect	effect	NOUN
gujaf-70	306	12	of	of	ADP
gujaf-70	306	13	the	the	DET
gujaf-70	306	14	dividend	dividend	NOUN
gujaf-70	306	15	payout	payout	NOUN
gujaf-70	306	16	ratio	ratio	NOUN
gujaf-70	306	17	on	on	ADP
gujaf-70	306	18	common	common	ADJ
gujaf-70	306	19	stocks	stock	NOUN
gujaf-70	306	20	'	'	PART
gujaf-70	306	21	market	market	NOUN
gujaf-70	306	22	price	price	NOUN
gujaf-70	306	23	,	,	PUNCT
gujaf-70	306	24	which	which	PRON
gujaf-70	306	25	means	mean	VERB
gujaf-70	306	26	that	that	SCONJ
gujaf-70	306	27	the	the	DET
gujaf-70	306	28	rise	rise	NOUN
gujaf-70	306	29	in	in	ADP
gujaf-70	306	30	the	the	DET
gujaf-70	306	31	dividend	dividend	NOUN
gujaf-70	306	32	payout	payout	NOUN
gujaf-70	306	33	ratio	ratio	NOUN
gujaf-70	306	34	raises	raise	VERB
gujaf-70	306	35	common	common	ADJ
gujaf-70	306	36	shares	share	NOUN
gujaf-70	306	37	'	'	PART
gujaf-70	306	38	market	market	NOUN
gujaf-70	306	39	price	price	NOUN
gujaf-70	306	40	.	.	PUNCT
gujaf-70	307	1	it	it	PRON
gujaf-70	307	2	notes	note	VERB
gujaf-70	307	3	that	that	SCONJ
gujaf-70	307	4	dividend	dividend	NOUN
gujaf-70	307	5	payments	payment	NOUN
gujaf-70	307	6	will	will	AUX
gujaf-70	307	7	help	help	VERB
gujaf-70	307	8	alleviate	alleviate	VERB
gujaf-70	307	9	agency	agency	NOUN
gujaf-70	307	10	-	-	PUNCT
gujaf-70	307	11	related	relate	VERB
gujaf-70	307	12	problems	problem	NOUN
gujaf-70	307	13	and	and	CCONJ
gujaf-70	307	14	thereby	thereby	ADV
gujaf-70	307	15	increase	increase	VERB
gujaf-70	307	16	the	the	DET
gujaf-70	307	17	shareholders	shareholder	NOUN
gujaf-70	307	18	’	'	PUNCT
gujaf-70	307	19	wealth	wealth	NOUN
gujaf-70	307	20	.	.	PUNCT
gujaf-70	308	1	growth	growth	NOUN
gujaf-70	308	2	and	and	CCONJ
gujaf-70	308	3	age	age	NOUN
gujaf-70	308	4	,	,	PUNCT
gujaf-70	308	5	however	however	ADV
gujaf-70	308	6	,	,	PUNCT
gujaf-70	308	7	have	have	VERB
gujaf-70	308	8	a	a	DET
gujaf-70	308	9	substantial	substantial	ADJ
gujaf-70	308	10	positive	positive	ADJ
gujaf-70	308	11	effect	effect	NOUN
gujaf-70	308	12	.	.	PUNCT
gujaf-70	309	1	leverage	leverage	NOUN
gujaf-70	309	2	and	and	CCONJ
gujaf-70	309	3	size	size	NOUN
gujaf-70	309	4	have	have	VERB
gujaf-70	309	5	a	a	DET
gujaf-70	309	6	substantial	substantial	ADJ
gujaf-70	309	7	negative	negative	ADJ
gujaf-70	309	8	effect	effect	NOUN
gujaf-70	309	9	;	;	PUNCT
gujaf-70	309	10	however	however	ADV
gujaf-70	309	11	,	,	PUNCT
gujaf-70	309	12	the	the	DET
gujaf-70	309	13	impact	impact	NOUN
gujaf-70	309	14	of	of	ADP
gujaf-70	309	15	profitability	profitability	NOUN
gujaf-70	309	16	on	on	ADP
gujaf-70	309	17	the	the	DET
gujaf-70	309	18	common	common	ADJ
gujaf-70	309	19	stock	stock	NOUN
gujaf-70	309	20	market	market	NOUN
gujaf-70	309	21	price	price	NOUN
gujaf-70	309	22	is	be	AUX
gujaf-70	309	23	considered	consider	VERB
gujaf-70	309	24	negligible	negligible	ADJ
gujaf-70	309	25	.	.	PUNCT
gujaf-70	310	1	thus	thus	ADV
gujaf-70	310	2	,	,	PUNCT
gujaf-70	310	3	this	this	DET
gujaf-70	310	4	study	study	NOUN
gujaf-70	310	5	concludes	conclude	VERB
gujaf-70	310	6	that	that	SCONJ
gujaf-70	310	7	the	the	DET
gujaf-70	310	8	dividend	dividend	NOUN
gujaf-70	310	9	payment	payment	NOUN
gujaf-70	310	10	ratio	ratio	NOUN
gujaf-70	310	11	is	be	AUX
gujaf-70	310	12	essential	essential	ADJ
gujaf-70	310	13	for	for	ADP
gujaf-70	310	14	determining	determine	VERB
gujaf-70	310	15	the	the	DET
gujaf-70	310	16	market	market	NOUN
gujaf-70	310	17	price	price	NOUN
gujaf-70	310	18	of	of	ADP
gujaf-70	310	19	the	the	DET
gujaf-70	310	20	common	common	ADJ
gujaf-70	310	21	stock	stock	NOUN
gujaf-70	310	22	of	of	ADP
gujaf-70	310	23	listed	list	VERB
gujaf-70	310	24	industrialized	industrialize	VERB
gujaf-70	310	25	firms	firm	NOUN
gujaf-70	310	26	in	in	ADP
gujaf-70	310	27	nigeria	nigeria	PROPN
gujaf-70	310	28	.	.	PUNCT
gujaf-70	311	1	this	this	DET
gujaf-70	311	2	study	study	NOUN
gujaf-70	311	3	suggests	suggest	VERB
gujaf-70	311	4	that	that	SCONJ
gujaf-70	311	5	nigeria	nigeria	PROPN
gujaf-70	311	6	's	's	PART
gujaf-70	311	7	listed	list	VERB
gujaf-70	311	8	industrialized	industrialized	ADJ
gujaf-70	311	9	firms	firm	NOUN
gujaf-70	311	10	should	should	AUX
gujaf-70	311	11	restructure	restructure	VERB
gujaf-70	311	12	their	their	PRON
gujaf-70	311	13	dividend	dividend	NOUN
gujaf-70	311	14	policies	policy	NOUN
gujaf-70	311	15	to	to	ADP
gujaf-70	311	16	the	the	DET
gujaf-70	311	17	degree	degree	NOUN
gujaf-70	311	18	that	that	SCONJ
gujaf-70	311	19	the	the	DET
gujaf-70	311	20	dividend	dividend	NOUN
gujaf-70	311	21	payout	payout	NOUN
gujaf-70	311	22	ratio	ratio	NOUN
gujaf-70	311	23	will	will	AUX
gujaf-70	311	24	be	be	AUX
gujaf-70	311	25	susceptible	susceptible	ADJ
gujaf-70	311	26	to	to	ADP
gujaf-70	311	27	the	the	DET
gujaf-70	311	28	need	need	NOUN
gujaf-70	311	29	to	to	PART
gujaf-70	311	30	attract	attract	VERB
gujaf-70	311	31	more	more	ADJ
gujaf-70	311	32	investment	investment	NOUN
gujaf-70	311	33	from	from	ADP
gujaf-70	311	34	existing	exist	VERB
gujaf-70	311	35	shareholders	shareholder	NOUN
gujaf-70	311	36	to	to	PART
gujaf-70	311	37	maintain	maintain	VERB
gujaf-70	311	38	their	their	PRON
gujaf-70	311	39	shareholding	shareholding	NOUN
gujaf-70	311	40	.	.	PUNCT
gujaf-70	312	1	besides	besides	SCONJ
gujaf-70	312	2	,	,	PUNCT
gujaf-70	312	3	engaging	engage	VERB
gujaf-70	312	4	in	in	ADP
gujaf-70	312	5	the	the	DET
gujaf-70	312	6	purchasing	purchasing	NOUN
gujaf-70	312	7	of	of	ADP
gujaf-70	312	8	more	more	ADJ
gujaf-70	312	9	shares	share	NOUN
gujaf-70	312	10	when	when	SCONJ
gujaf-70	312	11	made	make	VERB
gujaf-70	312	12	available	available	ADJ
gujaf-70	312	13	would	would	AUX
gujaf-70	312	14	help	help	VERB
gujaf-70	312	15	enable	enable	VERB
gujaf-70	312	16	potential	potential	ADJ
gujaf-70	312	17	investors	investor	NOUN
gujaf-70	312	18	to	to	PART
gujaf-70	312	19	invest	invest	VERB
gujaf-70	312	20	in	in	ADP
gujaf-70	312	21	the	the	DET
gujaf-70	312	22	company	company	NOUN
gujaf-70	312	23	's	's	PART
gujaf-70	312	24	shareholding	shareholding	NOUN
gujaf-70	312	25	and	and	CCONJ
gujaf-70	312	26	other	other	ADJ
gujaf-70	312	27	financial	financial	ADJ
gujaf-70	312	28	instruments	instrument	NOUN
gujaf-70	312	29	,	,	PUNCT
gujaf-70	312	30	thus	thus	ADV
gujaf-70	312	31	increasing	increase	VERB
gujaf-70	312	32	the	the	DET
gujaf-70	312	33	wealth	wealth	NOUN
gujaf-70	312	34	of	of	ADP
gujaf-70	312	35	existing	exist	VERB
gujaf-70	312	36	shareholders	shareholder	NOUN
gujaf-70	312	37	.	.	PUNCT
gujaf-70	313	1	references	reference	NOUN
gujaf-70	313	2	adefila	adefila	PROPN
gujaf-70	313	3	,	,	PUNCT
gujaf-70	313	4	j.	j.	PROPN
gujaf-70	313	5	j.	j.	PROPN
gujaf-70	313	6	,	,	PUNCT
gujaf-70	313	7	oladipo	oladipo	PROPN
gujaf-70	313	8	,	,	PUNCT
gujaf-70	313	9	j.	j.	PROPN
gujaf-70	313	10	a.	a.	PROPN
gujaf-70	313	11	,	,	PUNCT
gujaf-70	313	12	&	&	CCONJ
gujaf-70	313	13	adeoti	adeoti	PROPN
gujaf-70	313	14	,	,	PUNCT
gujaf-70	313	15	j.	j.	PROPN
gujaf-70	313	16	o.	o.	PROPN
gujaf-70	313	17	(	(	PUNCT
gujaf-70	313	18	2009	2009	NUM
gujaf-70	313	19	)	)	PUNCT
gujaf-70	313	20	.	.	PUNCT
gujaf-70	314	1	the	the	DET
gujaf-70	314	2	effect	effect	NOUN
gujaf-70	314	3	of	of	ADP
gujaf-70	314	4	dividend	dividend	NOUN
gujaf-70	314	5	policy	policy	NOUN
gujaf-70	314	6	on	on	ADP
gujaf-70	314	7	the	the	DET
gujaf-70	314	8	market	market	NOUN
gujaf-70	314	9	price	price	NOUN
gujaf-70	314	10	of	of	ADP
gujaf-70	314	11	shares	share	NOUN
gujaf-70	314	12	in	in	ADP
gujaf-70	314	13	nigeria	nigeria	PROPN
gujaf-70	314	14	:	:	PUNCT
gujaf-70	314	15	a	a	DET
gujaf-70	314	16	case	case	NOUN
gujaf-70	314	17	study	study	NOUN
gujaf-70	314	18	of	of	ADP
gujaf-70	314	19	fifteen	fifteen	NUM
gujaf-70	314	20	quoted	quote	VERB
gujaf-70	314	21	companies	company	NOUN
gujaf-70	314	22	.	.	PUNCT
gujaf-70	315	1	international	international	ADJ
gujaf-70	315	2	journal	journal	PROPN
gujaf-70	315	3	of	of	ADP
gujaf-70	315	4	accounting	accounting	NOUN
gujaf-70	315	5	.	.	PUNCT
gujaf-70	316	1	2(1	2(1	NUM
gujaf-70	316	2	)	)	PUNCT
gujaf-70	317	1	,	,	PUNCT
gujaf-70	317	2	82	82	NUM
gujaf-70	317	3	-	-	SYM
gujaf-70	317	4	91	91	NUM
gujaf-70	317	5	.	.	PUNCT
gujaf-70	318	1	gusau	gusau	PROPN
gujaf-70	318	2	journal	journal	PROPN
gujaf-70	318	3	of	of	ADP
gujaf-70	318	4	accounting	accounting	NOUN
gujaf-70	318	5	and	and	CCONJ
gujaf-70	318	6	finance	finance	NOUN
gujaf-70	318	7	,	,	PUNCT
gujaf-70	318	8	vol	vol	NOUN
gujaf-70	318	9	.	.	PROPN
gujaf-70	318	10	2	2	NUM
gujaf-70	318	11	,	,	PUNCT
gujaf-70	318	12	issue	issue	NOUN
gujaf-70	318	13	2	2	NUM
gujaf-70	318	14	,	,	PUNCT
gujaf-70	318	15	april	april	PROPN
gujaf-70	318	16	,	,	PUNCT
gujaf-70	318	17	2021	2021	NUM
gujaf-70	318	18	15	15	NUM
gujaf-70	318	19	akani	akani	NOUN
gujaf-70	318	20	,	,	PUNCT
gujaf-70	318	21	h.	h.	PROPN
gujaf-70	318	22	w.	w.	PROPN
gujaf-70	318	23	&	&	CCONJ
gujaf-70	318	24	sweneme	sweneme	PROPN
gujaf-70	318	25	.	.	PUNCT
gujaf-70	319	1	y.	y.	NOUN
gujaf-70	319	2	(	(	PUNCT
gujaf-70	319	3	2016	2016	NUM
gujaf-70	319	4	)	)	PUNCT
gujaf-70	319	5	.	.	PUNCT
gujaf-70	320	1	dividend	dividend	NOUN
gujaf-70	320	2	policy	policy	NOUN
gujaf-70	320	3	and	and	CCONJ
gujaf-70	320	4	the	the	DET
gujaf-70	320	5	profitability	profitability	NOUN
gujaf-70	320	6	of	of	ADP
gujaf-70	320	7	selected	select	VERB
gujaf-70	320	8	quoted	quote	VERB
gujaf-70	320	9	manufacturing	manufacturing	NOUN
gujaf-70	320	10	firms	firm	NOUN
gujaf-70	320	11	in	in	ADP
gujaf-70	320	12	nigeria	nigeria	PROPN
gujaf-70	320	13	:	:	PUNCT
gujaf-70	320	14	an	an	DET
gujaf-70	320	15	empirical	empirical	ADJ
gujaf-70	320	16	analysis	analysis	NOUN
gujaf-70	320	17	.	.	PUNCT
gujaf-70	321	1	journal	journal	NOUN
gujaf-70	321	2	of	of	ADP
gujaf-70	321	3	finance	finance	NOUN
gujaf-70	321	4	and	and	CCONJ
gujaf-70	321	5	accounting	accounting	NOUN
gujaf-70	321	6	.	.	PUNCT
gujaf-70	322	1	4(4	4(4	NUM
gujaf-70	322	2	)	)	PUNCT
gujaf-70	322	3	,	,	PUNCT
gujaf-70	322	4	212	212	NUM
gujaf-70	322	5	224	224	NUM
gujaf-70	322	6	.	.	PUNCT
gujaf-70	323	1	akit	akit	PROPN
gujaf-70	323	2	,	,	PUNCT
gujaf-70	323	3	f.	f.	PROPN
gujaf-70	323	4	m.	m.	PROPN
gujaf-70	323	5	,	,	PUNCT
gujaf-70	323	6	hamzah	hamzah	PROPN
gujaf-70	323	7	,	,	PUNCT
gujaf-70	323	8	n.	n.	PROPN
gujaf-70	323	9	h.	h.	PROPN
gujaf-70	323	10	&	&	CCONJ
gujaf-70	323	11	ahmad	ahmad	PROPN
gujaf-70	323	12	,	,	PUNCT
gujaf-70	323	13	n.	n.	PROPN
gujaf-70	323	14	(	(	PUNCT
gujaf-70	323	15	2015	2015	NUM
gujaf-70	323	16	)	)	PUNCT
gujaf-70	323	17	.	.	PUNCT
gujaf-70	324	1	impact	impact	NOUN
gujaf-70	324	2	of	of	ADP
gujaf-70	324	3	dividend	dividend	NOUN
gujaf-70	324	4	policy	policy	NOUN
gujaf-70	324	5	on	on	ADP
gujaf-70	324	6	the	the	DET
gujaf-70	324	7	shareholders	shareholder	NOUN
gujaf-70	324	8	’	'	PUNCT
gujaf-70	324	9	wealth	wealth	NOUN
gujaf-70	324	10	:	:	PUNCT
gujaf-70	324	11	shariah	shariah	PROPN
gujaf-70	324	12	vs.	vs.	ADP
gujaf-70	324	13	non	non	ADJ
gujaf-70	324	14	-	-	ADJ
gujaf-70	324	15	shariah	shariah	ADJ
gujaf-70	324	16	companies	company	NOUN
gujaf-70	324	17	.	.	PUNCT
gujaf-70	325	1	full	full	ADJ
gujaf-70	325	2	paper	paper	NOUN
gujaf-70	325	3	proceedings	proceeding	NOUN
gujaf-70	325	4	gtar	gtar	NOUN
gujaf-70	325	5	,	,	PUNCT
gujaf-70	325	6	2(2015	2(2015	NUM
gujaf-70	325	7	)	)	PUNCT
gujaf-70	325	8	,	,	PUNCT
gujaf-70	325	9	722	722	NUM
gujaf-70	325	10	-	-	SYM
gujaf-70	325	11	743	743	NUM
gujaf-70	325	12	.	.	PUNCT
gujaf-70	325	13	ali	ali	PROPN
gujaf-70	325	14	,	,	PUNCT
gujaf-70	325	15	s.	s.	PROPN
gujaf-70	325	16	,	,	PUNCT
gujaf-70	325	17	ishtiaq	ishtiaq	PROPN
gujaf-70	325	18	,	,	PUNCT
gujaf-70	325	19	q.	q.	PROPN
gujaf-70	325	20	&	&	CCONJ
gujaf-70	325	21	naveed	naveed	PROPN
gujaf-70	325	22	,	,	PUNCT
gujaf-70	325	23	m.	m.	NOUN
gujaf-70	325	24	(	(	PUNCT
gujaf-70	325	25	2008	2008	NUM
gujaf-70	325	26	)	)	PUNCT
gujaf-70	325	27	.	.	PUNCT
gujaf-70	326	1	impact	impact	NOUN
gujaf-70	326	2	of	of	ADP
gujaf-70	326	3	dividend	dividend	NOUN
gujaf-70	326	4	policy	policy	NOUN
gujaf-70	326	5	on	on	ADP
gujaf-70	326	6	shareholders	shareholder	NOUN
gujaf-70	326	7	’	'	PUNCT
gujaf-70	326	8	wealth	wealth	NOUN
gujaf-70	326	9	:	:	PUNCT
gujaf-70	326	10	a	a	DET
gujaf-70	326	11	case	case	NOUN
gujaf-70	326	12	of	of	ADP
gujaf-70	326	13	karachi	karachi	PROPN
gujaf-70	326	14	stock	stock	PROPN
gujaf-70	326	15	exchange	exchange	PROPN
gujaf-70	326	16	.	.	PUNCT
gujaf-70	327	1	retrieved	retrieve	VERB
gujaf-70	327	2	from	from	ADP
gujaf-70	327	3	http://ssrn.com/astract=2615689	http://ssrn.com/astract=2615689	PROPN
gujaf-70	327	4	.	.	PUNCT
gujaf-70	328	1	alim	alim	PROPN
gujaf-70	328	2	,	,	PUNCT
gujaf-70	328	3	w.	w.	PROPN
gujaf-70	328	4	,	,	PUNCT
gujaf-70	328	5	ali	ali	PROPN
gujaf-70	328	6	,	,	PUNCT
gujaf-70	328	7	a.	a.	PROPN
gujaf-70	328	8	,	,	PUNCT
gujaf-70	328	9	ali	ali	PROPN
gujaf-70	328	10	,	,	PUNCT
gujaf-70	328	11	n.	n.	PROPN
gujaf-70	328	12	,	,	PUNCT
gujaf-70	328	13	khattak	khattak	PROPN
gujaf-70	328	14	,	,	PUNCT
gujaf-70	328	15	b.	b.	PROPN
gujaf-70	328	16	k.	k.	PROPN
gujaf-70	328	17	&	&	CCONJ
gujaf-70	328	18	qureshi	qureshi	PROPN
gujaf-70	328	19	,	,	PUNCT
gujaf-70	328	20	m.	m.	NOUN
gujaf-70	328	21	i.	i.	PROPN
gujaf-70	328	22	(	(	PUNCT
gujaf-70	328	23	2014	2014	NUM
gujaf-70	328	24	)	)	PUNCT
gujaf-70	328	25	.	.	PUNCT
gujaf-70	329	1	impact	impact	NOUN
gujaf-70	329	2	of	of	ADP
gujaf-70	329	3	dividend	dividend	NOUN
gujaf-70	329	4	policy	policy	NOUN
gujaf-70	329	5	on	on	ADP
gujaf-70	329	6	shareholder	shareholder	NOUN
gujaf-70	329	7	wealth	wealth	NOUN
gujaf-70	329	8	in	in	ADP
gujaf-70	329	9	pakistan	pakistan	PROPN
gujaf-70	329	10	(	(	PUNCT
gujaf-70	329	11	evidence	evidence	NOUN
gujaf-70	329	12	textile	textile	NOUN
gujaf-70	329	13	industry	industry	NOUN
gujaf-70	329	14	perspective	perspective	NOUN
gujaf-70	329	15	)	)	PUNCT
gujaf-70	329	16	.	.	PUNCT
gujaf-70	330	1	gomel	gomel	PROPN
gujaf-70	330	2	university	university	PROPN
gujaf-70	330	3	journal	journal	PROPN
gujaf-70	330	4	of	of	ADP
gujaf-70	330	5	research	research	NOUN
gujaf-70	330	6	,	,	PUNCT
gujaf-70	330	7	30(1	30(1	NUM
gujaf-70	330	8	)	)	PUNCT
gujaf-70	330	9	,	,	PUNCT
gujaf-70	330	10	18	18	NUM
gujaf-70	330	11	-	-	SYM
gujaf-70	330	12	31	31	NUM
gujaf-70	330	13	.	.	PUNCT
gujaf-70	331	1	al	al	PROPN
gujaf-70	331	2	-	-	PUNCT
gujaf-70	331	3	masum	masum	NOUN
gujaf-70	331	4	,	,	PUNCT
gujaf-70	331	5	a.	a.	NOUN
gujaf-70	331	6	(	(	PUNCT
gujaf-70	331	7	2014	2014	NUM
gujaf-70	331	8	)	)	PUNCT
gujaf-70	331	9	.	.	PUNCT
gujaf-70	332	1	dividend	dividend	NOUN
gujaf-70	332	2	policy	policy	NOUN
gujaf-70	332	3	and	and	CCONJ
gujaf-70	332	4	its	its	PRON
gujaf-70	332	5	impact	impact	NOUN
gujaf-70	332	6	on	on	ADP
gujaf-70	332	7	stock	stock	NOUN
gujaf-70	332	8	price	price	NOUN
gujaf-70	332	9	–	–	PUNCT
gujaf-70	332	10	a	a	DET
gujaf-70	332	11	study	study	NOUN
gujaf-70	332	12	on	on	ADP
gujaf-70	332	13	commercial	commercial	ADJ
gujaf-70	332	14	banks	bank	NOUN
gujaf-70	332	15	listed	list	VERB
gujaf-70	332	16	in	in	ADP
gujaf-70	332	17	the	the	DET
gujaf-70	332	18	dhaka	dhaka	PROPN
gujaf-70	332	19	stock	stock	PROPN
gujaf-70	332	20	exchange	exchange	PROPN
gujaf-70	332	21	.	.	PUNCT
gujaf-70	333	1	global	global	ADJ
gujaf-70	333	2	disclosure	disclosure	NOUN
gujaf-70	333	3	of	of	ADP
gujaf-70	333	4	economics	economic	NOUN
gujaf-70	333	5	and	and	CCONJ
gujaf-70	333	6	business	business	NOUN
gujaf-70	333	7	,	,	PUNCT
gujaf-70	333	8	3(1	3(1	NUM
gujaf-70	333	9	)	)	PUNCT
gujaf-70	333	10	,	,	PUNCT
gujaf-70	333	11	9	9	NUM
gujaf-70	333	12	-	-	SYM
gujaf-70	333	13	20	20	NUM
gujaf-70	333	14	.	.	PUNCT
gujaf-70	334	1	asquith	asquith	PROPN
gujaf-70	334	2	,	,	PUNCT
gujaf-70	334	3	p.	p.	PROPN
gujaf-70	334	4	&	&	CCONJ
gujaf-70	334	5	mullins	mullins	PROPN
gujaf-70	334	6	,	,	PUNCT
gujaf-70	334	7	d.	d.	PROPN
gujaf-70	334	8	w.	w.	PROPN
gujaf-70	334	9	(	(	PUNCT
gujaf-70	334	10	1983	1983	NUM
gujaf-70	334	11	)	)	PUNCT
gujaf-70	334	12	.	.	PUNCT
gujaf-70	335	1	the	the	DET
gujaf-70	335	2	impact	impact	NOUN
gujaf-70	335	3	of	of	ADP
gujaf-70	335	4	initiating	initiate	VERB
gujaf-70	335	5	dividend	dividend	NOUN
gujaf-70	335	6	payments	payment	NOUN
gujaf-70	335	7	on	on	ADP
gujaf-70	335	8	shareholder	shareholder	NOUN
gujaf-70	335	9	wealth	wealth	NOUN
gujaf-70	335	10	.	.	PUNCT
gujaf-70	336	1	journal	journal	PROPN
gujaf-70	336	2	of	of	ADP
gujaf-70	336	3	business	business	NOUN
gujaf-70	336	4	,	,	PUNCT
gujaf-70	336	5	56(1	56(1	NUM
gujaf-70	336	6	)	)	PUNCT
gujaf-70	336	7	,	,	PUNCT
gujaf-70	336	8	77	77	NUM
gujaf-70	336	9	-	-	SYM
gujaf-70	336	10	96	96	NUM
gujaf-70	336	11	.	.	PUNCT
gujaf-70	337	1	azhagaiah	azhagaiah	PROPN
gujaf-70	337	2	,	,	PUNCT
gujaf-70	337	3	r.	r.	PROPN
gujaf-70	337	4	,	,	PUNCT
gujaf-70	337	5	&	&	CCONJ
gujaf-70	337	6	sabaripriya	sabaripriya	PROPN
gujaf-70	337	7	,	,	PUNCT
gujaf-70	337	8	n.	n.	NOUN
gujaf-70	337	9	(	(	PUNCT
gujaf-70	337	10	2008	2008	NUM
gujaf-70	337	11	)	)	PUNCT
gujaf-70	337	12	.	.	PUNCT
gujaf-70	338	1	the	the	DET
gujaf-70	338	2	impact	impact	NOUN
gujaf-70	338	3	of	of	ADP
gujaf-70	338	4	dividend	dividend	NOUN
gujaf-70	338	5	policy	policy	NOUN
gujaf-70	338	6	on	on	ADP
gujaf-70	338	7	shareholders	shareholder	NOUN
gujaf-70	338	8	’	'	PUNCT
gujaf-70	338	9	wealth	wealth	NOUN
gujaf-70	338	10	.	.	PUNCT
gujaf-70	339	1	international	international	ADJ
gujaf-70	339	2	research	research	PROPN
gujaf-70	339	3	journal	journal	NOUN
gujaf-70	339	4	of	of	ADP
gujaf-70	339	5	finance	finance	NOUN
gujaf-70	339	6	and	and	CCONJ
gujaf-70	339	7	economics	economic	NOUN
gujaf-70	339	8	,	,	PUNCT
gujaf-70	339	9	20(2008	20(2008	NUM
gujaf-70	339	10	)	)	PUNCT
gujaf-70	339	11	,	,	PUNCT
gujaf-70	339	12	180	180	NUM
gujaf-70	339	13	-	-	SYM
gujaf-70	339	14	187	187	NUM
gujaf-70	339	15	.	.	PUNCT
gujaf-70	340	1	azhagaiah	azhagaiah	PROPN
gujaf-70	340	2	,	,	PUNCT
gujaf-70	340	3	r.	r.	PROPN
gujaf-70	340	4	&	&	CCONJ
gujaf-70	340	5	gejalaksbmi	gejalaksbmi	PROPN
gujaf-70	340	6	,	,	PUNCT
gujaf-70	340	7	s.	s.	PROPN
gujaf-70	340	8	(	(	PUNCT
gujaf-70	340	9	2014	2014	NUM
gujaf-70	340	10	)	)	PUNCT
gujaf-70	340	11	.	.	PUNCT
gujaf-70	341	1	the	the	DET
gujaf-70	341	2	relationship	relationship	NOUN
gujaf-70	341	3	between	between	ADP
gujaf-70	341	4	dividend	dividend	NOUN
gujaf-70	341	5	policy	policy	NOUN
gujaf-70	341	6	and	and	CCONJ
gujaf-70	341	7	shareholders	shareholder	NOUN
gujaf-70	341	8	'	'	PART
gujaf-70	341	9	wealth	wealth	NOUN
gujaf-70	341	10	:	:	PUNCT
gujaf-70	341	11	evidence	evidence	NOUN
gujaf-70	341	12	from	from	ADP
gujaf-70	341	13	the	the	DET
gujaf-70	341	14	fmcg	fmcg	NOUN
gujaf-70	341	15	sector	sector	NOUN
gujaf-70	341	16	in	in	ADP
gujaf-70	341	17	india	india	PROPN
gujaf-70	341	18	.	.	PUNCT
gujaf-70	342	1	international	international	ADJ
gujaf-70	342	2	journal	journal	PROPN
gujaf-70	342	3	of	of	ADP
gujaf-70	342	4	management	management	NOUN
gujaf-70	342	5	,	,	PUNCT
gujaf-70	342	6	6(1	6(1	NUM
gujaf-70	342	7	)	)	PUNCT
gujaf-70	342	8	,	,	PUNCT
gujaf-70	342	9	314	314	NUM
gujaf-70	342	10	-	-	SYM
gujaf-70	342	11	330	330	NUM
gujaf-70	342	12	.	.	PUNCT
gujaf-70	343	1	bawa	bawa	PROPN
gujaf-70	343	2	,	,	PUNCT
gujaf-70	343	3	s.	s.	PROPN
gujaf-70	343	4	k.	k.	PROPN
gujaf-70	343	5	,	,	PUNCT
gujaf-70	343	6	kaur	kaur	PROPN
gujaf-70	343	7	.	.	PUNCT
gujaf-70	343	8	2	2	NUM
gujaf-70	343	9	&	&	CCONJ
gujaf-70	343	10	(	(	PUNCT
gujaf-70	343	11	2013	2013	NUM
gujaf-70	343	12	)	)	PUNCT
gujaf-70	343	13	.	.	PUNCT
gujaf-70	344	1	impact	impact	NOUN
gujaf-70	344	2	of	of	ADP
gujaf-70	344	3	dividend	dividend	NOUN
gujaf-70	344	4	policy	policy	NOUN
gujaf-70	344	5	on	on	ADP
gujaf-70	344	6	shareholders	shareholder	NOUN
gujaf-70	344	7	'	'	PART
gujaf-70	344	8	wealth	wealth	NOUN
gujaf-70	344	9	:	:	PUNCT
gujaf-70	344	10	an	an	DET
gujaf-70	344	11	empirical	empirical	ADJ
gujaf-70	344	12	analysis	analysis	NOUN
gujaf-70	344	13	of	of	ADP
gujaf-70	344	14	the	the	DET
gujaf-70	344	15	indian	indian	ADJ
gujaf-70	344	16	information	information	NOUN
gujaf-70	344	17	technology	technology	NOUN
gujaf-70	344	18	sector	sector	NOUN
gujaf-70	344	19	.	.	PUNCT
gujaf-70	345	1	asia	asia	PROPN
gujaf-70	345	2	pacific	pacific	PROPN
gujaf-70	345	3	finance	finance	PROPN
gujaf-70	345	4	and	and	CCONJ
gujaf-70	345	5	accounting	accounting	NOUN
gujaf-70	345	6	review	review	PROPN
gujaf-70	345	7	,	,	PUNCT
gujaf-70	345	8	1(3	1(3	NUM
gujaf-70	345	9	)	)	PUNCT
gujaf-70	345	10	,	,	PUNCT
gujaf-70	345	11	17	17	NUM
gujaf-70	345	12	-	-	SYM
gujaf-70	345	13	24	24	NUM
gujaf-70	345	14	.	.	PUNCT
gujaf-70	345	15	balagobei	balagobei	PROPN
gujaf-70	345	16	,	,	PUNCT
gujaf-70	345	17	s.	s.	PROPN
gujaf-70	345	18	&	&	CCONJ
gujaf-70	345	19	selvaratnam	selvaratnam	PROPN
gujaf-70	345	20	,	,	PUNCT
gujaf-70	345	21	p.	p.	NOUN
gujaf-70	345	22	(	(	PUNCT
gujaf-70	345	23	2016	2016	NUM
gujaf-70	345	24	)	)	PUNCT
gujaf-70	345	25	.	.	PUNCT
gujaf-70	346	1	dividend	dividend	NOUN
gujaf-70	346	2	policy	policy	NOUN
gujaf-70	346	3	and	and	CCONJ
gujaf-70	346	4	shareholders	shareholder	NOUN
gujaf-70	346	5	'	'	PART
gujaf-70	346	6	wealth	wealth	NOUN
gujaf-70	346	7	of	of	ADP
gujaf-70	346	8	listed	list	VERB
gujaf-70	346	9	manufacturing	manufacturing	NOUN
gujaf-70	346	10	companies	company	NOUN
gujaf-70	346	11	in	in	ADP
gujaf-70	346	12	sri	sri	PROPN
gujaf-70	346	13	lanka	lanka	PROPN
gujaf-70	346	14	.	.	PUNCT
gujaf-70	347	1	european	european	PROPN
gujaf-70	347	2	journal	journal	PROPN
gujaf-70	347	3	of	of	ADP
gujaf-70	347	4	business	business	NOUN
gujaf-70	347	5	and	and	CCONJ
gujaf-70	347	6	management	management	NOUN
gujaf-70	347	7	,	,	PUNCT
gujaf-70	347	8	8(25	8(25	NUM
gujaf-70	347	9	)	)	PUNCT
gujaf-70	347	10	,	,	PUNCT
gujaf-70	347	11	40	40	NUM
gujaf-70	347	12	-	-	SYM
gujaf-70	347	13	45	45	NUM
gujaf-70	347	14	.	.	PUNCT
gujaf-70	348	1	bhattacharya	bhattacharya	PROPN
gujaf-70	348	2	,	,	PUNCT
gujaf-70	348	3	s.	s.	PROPN
gujaf-70	348	4	(	(	PUNCT
gujaf-70	348	5	1979	1979	NUM
gujaf-70	348	6	)	)	PUNCT
gujaf-70	348	7	.	.	PUNCT
gujaf-70	349	1	imperfect	imperfect	ADJ
gujaf-70	349	2	information	information	NOUN
gujaf-70	349	3	,	,	PUNCT
gujaf-70	349	4	dividend	dividend	NOUN
gujaf-70	349	5	policy	policy	NOUN
gujaf-70	349	6	,	,	PUNCT
gujaf-70	349	7	and	and	CCONJ
gujaf-70	349	8	"	"	PUNCT
gujaf-70	349	9	a	a	DET
gujaf-70	349	10	bird	bird	NOUN
gujaf-70	349	11	in	in	ADP
gujaf-70	349	12	the	the	DET
gujaf-70	349	13	hand	hand	NOUN
gujaf-70	349	14	"	"	PUNCT
gujaf-70	349	15	fallacy	fallacy	NOUN
gujaf-70	349	16	.	.	PUNCT
gujaf-70	350	1	the	the	DET
gujaf-70	350	2	bell	bell	PROPN
gujaf-70	350	3	journal	journal	PROPN
gujaf-70	350	4	of	of	ADP
gujaf-70	350	5	economics	economic	NOUN
gujaf-70	350	6	,	,	PUNCT
gujaf-70	350	7	10	10	NUM
gujaf-70	350	8	(	(	PUNCT
gujaf-70	350	9	1	1	NUM
gujaf-70	350	10	)	)	PUNCT
gujaf-70	350	11	,	,	PUNCT
gujaf-70	350	12	259	259	NUM
gujaf-70	350	13	-	-	SYM
gujaf-70	350	14	270	270	NUM
gujaf-70	350	15	.	.	PUNCT
gujaf-70	351	1	brickley	brickley	PROPN
gujaf-70	351	2	,	,	PUNCT
gujaf-70	351	3	j.	j.	PROPN
gujaf-70	351	4	(	(	PUNCT
gujaf-70	351	5	1983	1983	NUM
gujaf-70	351	6	)	)	PUNCT
gujaf-70	351	7	.	.	PUNCT
gujaf-70	352	1	shareholder	shareholder	NOUN
gujaf-70	352	2	wealth	wealth	NOUN
gujaf-70	352	3	,	,	PUNCT
gujaf-70	352	4	information	information	NOUN
gujaf-70	352	5	signaling	signal	VERB
gujaf-70	352	6	,	,	PUNCT
gujaf-70	352	7	and	and	CCONJ
gujaf-70	352	8	the	the	DET
gujaf-70	352	9	specially	specially	ADV
gujaf-70	352	10	designated	designate	VERB
gujaf-70	352	11	dividend	dividend	NOUN
gujaf-70	352	12	:	:	PUNCT
gujaf-70	352	13	an	an	DET
gujaf-70	352	14	empirical	empirical	ADJ
gujaf-70	352	15	study	study	NOUN
gujaf-70	352	16	.	.	PUNCT
gujaf-70	353	1	journal	journal	NOUN
gujaf-70	353	2	of	of	ADP
gujaf-70	353	3	financial	financial	ADJ
gujaf-70	353	4	economics	economic	NOUN
gujaf-70	353	5	,	,	PUNCT
gujaf-70	353	6	12(2	12(2	NUM
gujaf-70	353	7	)	)	PUNCT
gujaf-70	353	8	,	,	PUNCT
gujaf-70	353	9	187	187	NUM
gujaf-70	353	10	-	-	SYM
gujaf-70	353	11	209	209	NUM
gujaf-70	353	12	.	.	PUNCT
gujaf-70	354	1	chenchehene	chenchehene	PROPN
gujaf-70	354	2	,	,	PUNCT
gujaf-70	354	3	j	j	PROPN
gujaf-70	354	4	&	&	CCONJ
gujaf-70	354	5	mensah	mensah	PROPN
gujaf-70	354	6	,	,	PUNCT
gujaf-70	354	7	k.	k.	PROPN
gujaf-70	354	8	(	(	PUNCT
gujaf-70	354	9	2015	2015	NUM
gujaf-70	354	10	)	)	PUNCT
gujaf-70	354	11	dividend	dividend	NOUN
gujaf-70	354	12	policy	policy	NOUN
gujaf-70	354	13	and	and	CCONJ
gujaf-70	354	14	its	its	PRON
gujaf-70	354	15	effects	effect	NOUN
gujaf-70	354	16	on	on	ADP
gujaf-70	354	17	shareholders	shareholder	NOUN
gujaf-70	354	18	'	'	PART
gujaf-70	354	19	wealth	wealth	NOUN
gujaf-70	354	20	:	:	PUNCT
gujaf-70	354	21	evidence	evidence	NOUN
gujaf-70	354	22	from	from	ADP
gujaf-70	354	23	the	the	DET
gujaf-70	354	24	uk	uk	PROPN
gujaf-70	354	25	retail	retail	ADJ
gujaf-70	354	26	industry	industry	NOUN
gujaf-70	354	27	.	.	PUNCT
gujaf-70	355	1	international	international	ADJ
gujaf-70	355	2	journal	journal	NOUN
gujaf-70	355	3	of	of	ADP
gujaf-70	355	4	liberal	liberal	ADJ
gujaf-70	355	5	arts	art	NOUN
gujaf-70	355	6	and	and	CCONJ
gujaf-70	355	7	social	social	ADJ
gujaf-70	355	8	science	science	NOUN
gujaf-70	355	9	,	,	PUNCT
gujaf-70	355	10	52(2	52(2	NUM
gujaf-70	355	11	)	)	PUNCT
gujaf-70	355	12	,	,	PUNCT
gujaf-70	355	13	2307	2307	NUM
gujaf-70	355	14	-	-	SYM
gujaf-70	355	15	2324	2324	NUM
gujaf-70	355	16	.	.	PUNCT
gujaf-70	356	1	da	da	PROPN
gujaf-70	356	2	silva	silva	PROPN
gujaf-70	356	3	,	,	PUNCT
gujaf-70	356	4	c.l	c.l	PROPN
gujaf-70	356	5	.	.	PROPN
gujaf-70	356	6	,	,	PUNCT
gujaf-70	356	7	goergen	goergen	PROPN
gujaf-70	356	8	,	,	PUNCT
gujaf-70	356	9	m.	m.	NOUN
gujaf-70	356	10	&	&	CCONJ
gujaf-70	356	11	renneboog	renneboog	PROPN
gujaf-70	356	12	,	,	PUNCT
gujaf-70	356	13	l.	l.	PROPN
gujaf-70	356	14	(	(	PUNCT
gujaf-70	356	15	2004	2004	NUM
gujaf-70	356	16	)	)	PUNCT
gujaf-70	356	17	.	.	PUNCT
gujaf-70	357	1	dividend	dividend	NOUN
gujaf-70	357	2	policy	policy	NOUN
gujaf-70	357	3	and	and	CCONJ
gujaf-70	357	4	corporate	corporate	ADJ
gujaf-70	357	5	governance	governance	NOUN
gujaf-70	357	6	.	.	PUNCT
gujaf-70	358	1	oxford	oxford	PROPN
gujaf-70	358	2	university	university	PROPN
gujaf-70	358	3	press	press	NOUN
gujaf-70	358	4	,	,	PUNCT
gujaf-70	358	5	oxford	oxford	PROPN
gujaf-70	358	6	.	.	PUNCT
gujaf-70	359	1	dewet	dewet	PROPN
gujaf-70	359	2	,	,	PUNCT
gujaf-70	359	3	j.	j.	PROPN
gujaf-70	359	4	,	,	PUNCT
gujaf-70	359	5	&	&	CCONJ
gujaf-70	359	6	mpinda	mpinda	PROPN
gujaf-70	359	7	,	,	PUNCT
gujaf-70	359	8	m.	m.	NOUN
gujaf-70	359	9	(	(	PUNCT
gujaf-70	359	10	2013	2013	NUM
gujaf-70	359	11	)	)	PUNCT
gujaf-70	359	12	.	.	PUNCT
gujaf-70	360	1	impact	impact	NOUN
gujaf-70	360	2	of	of	ADP
gujaf-70	360	3	dividend	dividend	NOUN
gujaf-70	360	4	payments	payment	NOUN
gujaf-70	360	5	on	on	ADP
gujaf-70	360	6	shareholders	shareholder	NOUN
gujaf-70	360	7	'	'	PART
gujaf-70	360	8	wealth	wealth	NOUN
gujaf-70	360	9	:	:	PUNCT
gujaf-70	360	10	evidence	evidence	NOUN
gujaf-70	360	11	from	from	ADP
gujaf-70	360	12	vector	vector	NOUN
gujaf-70	360	13	correction	correction	NOUN
gujaf-70	360	14	model	model	NOUN
gujaf-70	360	15	.	.	PUNCT
gujaf-70	361	1	international	international	ADJ
gujaf-70	361	2	business	business	NOUN
gujaf-70	361	3	and	and	CCONJ
gujaf-70	361	4	economics	economics	PROPN
gujaf-70	361	5	research	research	NOUN
gujaf-70	361	6	journal	journal	PROPN
gujaf-70	361	7	,	,	PUNCT
gujaf-70	361	8	12(11	12(11	NUM
gujaf-70	361	9	)	)	PUNCT
gujaf-70	361	10	,	,	PUNCT
gujaf-70	361	11	14511465	14511465	NUM
gujaf-70	361	12	elangkumara	elangkumara	PROPN
gujaf-70	361	13	p.	p.	PROPN
gujaf-70	361	14	&	&	CCONJ
gujaf-70	361	15	jenitta	jenitta	PROPN
gujaf-70	361	16	j.	j.	PROPN
gujaf-70	361	17	n.	n.	PROPN
gujaf-70	361	18	(	(	PUNCT
gujaf-70	361	19	2012	2012	NUM
gujaf-70	361	20	)	)	PUNCT
gujaf-70	361	21	.	.	PUNCT
gujaf-70	362	1	the	the	DET
gujaf-70	362	2	impact	impact	NOUN
gujaf-70	362	3	of	of	ADP
gujaf-70	362	4	dividend	dividend	NOUN
gujaf-70	362	5	policy	policy	NOUN
gujaf-70	362	6	on	on	ADP
gujaf-70	362	7	shareholders	shareholder	NOUN
gujaf-70	362	8	’	'	PUNCT
gujaf-70	362	9	wealth	wealth	NOUN
gujaf-70	362	10	a	a	DET
gujaf-70	362	11	study	study	NOUN
gujaf-70	362	12	of	of	ADP
gujaf-70	362	13	colombo	colombo	PROPN
gujaf-70	362	14	stock	stock	PROPN
gujaf-70	362	15	exchange	exchange	PROPN
gujaf-70	362	16	cse	cse	PROPN
gujaf-70	362	17	in	in	ADP
gujaf-70	362	18	sri	sri	PROPN
gujaf-70	362	19	lanka	lanka	PROPN
gujaf-70	362	20	.	.	PUNCT
gujaf-70	363	1	journal	journal	PROPN
gujaf-70	363	2	of	of	ADP
gujaf-70	363	3	asia	asia	PROPN
gujaf-70	363	4	business	business	PROPN
gujaf-70	363	5	studies	study	NOUN
gujaf-70	363	6	6(1	6(1	NUM
gujaf-70	363	7	)	)	PUNCT
gujaf-70	363	8	,	,	PUNCT
gujaf-70	363	9	7992	7992	NUM
gujaf-70	363	10	.	.	PUNCT
gujaf-70	364	1	farinha	farinha	NOUN
gujaf-70	364	2	,	,	PUNCT
gujaf-70	364	3	j.	j.	PROPN
gujaf-70	364	4	(	(	PUNCT
gujaf-70	364	5	2003	2003	NUM
gujaf-70	364	6	)	)	PUNCT
gujaf-70	364	7	.	.	PUNCT
gujaf-70	365	1	dividend	dividend	NOUN
gujaf-70	365	2	policy	policy	NOUN
gujaf-70	365	3	,	,	PUNCT
gujaf-70	365	4	corporate	corporate	ADJ
gujaf-70	365	5	governance	governance	NOUN
gujaf-70	365	6	,	,	PUNCT
gujaf-70	365	7	and	and	CCONJ
gujaf-70	365	8	the	the	DET
gujaf-70	365	9	managerial	managerial	ADJ
gujaf-70	365	10	entrenchment	entrenchment	NOUN
gujaf-70	365	11	hypothesis	hypothesis	NOUN
gujaf-70	365	12	:	:	PUNCT
gujaf-70	365	13	an	an	DET
gujaf-70	365	14	empirical	empirical	ADJ
gujaf-70	365	15	analysis	analysis	NOUN
gujaf-70	365	16	.	.	PUNCT
gujaf-70	366	1	journal	journal	PROPN
gujaf-70	366	2	of	of	ADP
gujaf-70	366	3	business	business	NOUN
gujaf-70	366	4	finance	finance	NOUN
gujaf-70	366	5	and	and	CCONJ
gujaf-70	366	6	accounting	accounting	NOUN
gujaf-70	366	7	,	,	PUNCT
gujaf-70	366	8	30(9	30(9	NOUN
gujaf-70	366	9	-	-	SYM
gujaf-70	366	10	10	10	NUM
gujaf-70	366	11	)	)	PUNCT
gujaf-70	366	12	,	,	PUNCT
gujaf-70	366	13	1173	1173	NUM
gujaf-70	366	14	-	-	SYM
gujaf-70	366	15	1209	1209	NUM
gujaf-70	366	16	.	.	PUNCT
gujaf-70	367	1	http://ssrn.com/astract=2615689	http://ssrn.com/astract=2615689	NOUN
gujaf-70	367	2	gusau	gusau	PROPN
gujaf-70	367	3	journal	journal	PROPN
gujaf-70	367	4	of	of	ADP
gujaf-70	367	5	accounting	accounting	NOUN
gujaf-70	367	6	and	and	CCONJ
gujaf-70	367	7	finance	finance	NOUN
gujaf-70	367	8	,	,	PUNCT
gujaf-70	367	9	vol	vol	NOUN
gujaf-70	367	10	.	.	PROPN
gujaf-70	367	11	2	2	NUM
gujaf-70	367	12	,	,	PUNCT
gujaf-70	367	13	issue	issue	NOUN
gujaf-70	367	14	2	2	NUM
gujaf-70	367	15	,	,	PUNCT
gujaf-70	367	16	april	april	PROPN
gujaf-70	367	17	,	,	PUNCT
gujaf-70	367	18	2021	2021	NUM
gujaf-70	367	19	16	16	NUM
gujaf-70	367	20	gujarati	gujarati	PROPN
gujaf-70	367	21	,	,	PUNCT
gujaf-70	367	22	d.	d.	PROPN
gujaf-70	367	23	n.	n.	PROPN
gujaf-70	367	24	(	(	PUNCT
gujaf-70	367	25	2003	2003	NUM
gujaf-70	367	26	)	)	PUNCT
gujaf-70	367	27	.	.	PUNCT
gujaf-70	368	1	basic	basic	ADJ
gujaf-70	368	2	econometric	econometric	NOUN
gujaf-70	368	3	.	.	PUNCT
gujaf-70	369	1	(	(	PUNCT
gujaf-70	369	2	4th	4th	ADJ
gujaf-70	369	3	ed	ed	NOUN
gujaf-70	369	4	.	.	PUNCT
gujaf-70	369	5	)	)	PUNCT
gujaf-70	369	6	.	.	PUNCT
gujaf-70	370	1	mcgraw	mcgraw	PROPN
gujaf-70	370	2	-	-	PUNCT
gujaf-70	370	3	hill	hill	NOUN
gujaf-70	370	4	higher	high	ADJ
gujaf-70	370	5	,	,	PUNCT
gujaf-70	370	6	kuala	kuala	PROPN
gujaf-70	370	7	lumpur.education	lumpur.education	PROPN
gujaf-70	370	8	.	.	PUNCT
gujaf-70	371	1	grullon	grullon	PROPN
gujaf-70	371	2	,	,	PUNCT
gujaf-70	371	3	g.	g.	PROPN
gujaf-70	371	4	,	,	PUNCT
gujaf-70	371	5	michaely	michaely	ADV
gujaf-70	371	6	,	,	PUNCT
gujaf-70	371	7	r.	r.	PROPN
gujaf-70	371	8	&	&	CCONJ
gujaf-70	371	9	swaminathan	swaminathan	PROPN
gujaf-70	371	10	,	,	PUNCT
gujaf-70	371	11	b.	b.	PROPN
gujaf-70	371	12	(	(	PUNCT
gujaf-70	371	13	2002	2002	NUM
gujaf-70	371	14	)	)	PUNCT
gujaf-70	371	15	.	.	PUNCT
gujaf-70	372	1	are	be	AUX
gujaf-70	372	2	dividend	dividend	NOUN
gujaf-70	372	3	changes	change	NOUN
gujaf-70	372	4	a	a	DET
gujaf-70	372	5	sign	sign	NOUN
gujaf-70	372	6	of	of	ADP
gujaf-70	372	7	firm	firm	ADJ
gujaf-70	372	8	maturity	maturity	NOUN
gujaf-70	372	9	?	?	PUNCT
gujaf-70	373	1	the	the	DET
gujaf-70	373	2	journal	journal	NOUN
gujaf-70	373	3	of	of	ADP
gujaf-70	373	4	business	business	NOUN
gujaf-70	373	5	,	,	PUNCT
gujaf-70	373	6	75(3	75(3	NUM
gujaf-70	373	7	)	)	PUNCT
gujaf-70	373	8	,	,	PUNCT
gujaf-70	373	9	387	387	NUM
gujaf-70	373	10	-	-	SYM
gujaf-70	373	11	424	424	NUM
gujaf-70	373	12	.	.	PUNCT
gujaf-70	374	1	hasan	hasan	PROPN
gujaf-70	374	2	,	,	PUNCT
gujaf-70	374	3	m.	m.	NOUN
gujaf-70	374	4	a.	a.	PROPN
gujaf-70	374	5	,	,	PUNCT
gujaf-70	374	6	asaduzzaman	asaduzzaman	NOUN
gujaf-70	374	7	,	,	PUNCT
gujaf-70	374	8	m.	m.	NOUN
gujaf-70	374	9	,	,	PUNCT
gujaf-70	374	10	&	&	CCONJ
gujaf-70	374	11	al	al	PROPN
gujaf-70	374	12	karim	karim	PROPN
gujaf-70	374	13	,	,	PUNCT
gujaf-70	374	14	r.	r.	PROPN
gujaf-70	374	15	(	(	PUNCT
gujaf-70	374	16	2013	2013	NUM
gujaf-70	374	17	)	)	PUNCT
gujaf-70	374	18	.	.	PUNCT
gujaf-70	375	1	the	the	DET
gujaf-70	375	2	effect	effect	NOUN
gujaf-70	375	3	of	of	ADP
gujaf-70	375	4	dividend	dividend	NOUN
gujaf-70	375	5	policy	policy	NOUN
gujaf-70	375	6	on	on	ADP
gujaf-70	375	7	share	share	NOUN
gujaf-70	375	8	price	price	NOUN
gujaf-70	375	9	:	:	PUNCT
gujaf-70	375	10	an	an	DET
gujaf-70	375	11	evaluative	evaluative	ADJ
gujaf-70	375	12	study	study	NOUN
gujaf-70	375	13	.	.	PUNCT
gujaf-70	376	1	journal	journal	PROPN
gujaf-70	376	2	of	of	ADP
gujaf-70	376	3	economics	economic	NOUN
gujaf-70	376	4	and	and	CCONJ
gujaf-70	376	5	finance	finance	NOUN
gujaf-70	376	6	,	,	PUNCT
gujaf-70	376	7	1(4	1(4	NUM
gujaf-70	376	8	)	)	PUNCT
gujaf-70	376	9	,	,	PUNCT
gujaf-70	376	10	06	06	NUM
gujaf-70	376	11	-	-	SYM
gujaf-70	376	12	11	11	NUM
gujaf-70	376	13	.	.	PUNCT
gujaf-70	377	1	isa	isa	PROPN
gujaf-70	377	2	,	,	PUNCT
gujaf-70	377	3	m.	m.	NOUN
gujaf-70	377	4	a.	a.	PROPN
gujaf-70	377	5	&	&	CCONJ
gujaf-70	377	6	salawudeen	salawudeen	PROPN
gujaf-70	377	7	,	,	PUNCT
gujaf-70	377	8	a.	a.	NOUN
gujaf-70	377	9	(	(	PUNCT
gujaf-70	377	10	2019	2019	NUM
gujaf-70	377	11	)	)	PUNCT
gujaf-70	377	12	.	.	PUNCT
gujaf-70	378	1	board	board	NOUN
gujaf-70	378	2	characteristics	characteristic	NOUN
gujaf-70	378	3	,	,	PUNCT
gujaf-70	378	4	dividend	dividend	NOUN
gujaf-70	378	5	policy	policy	NOUN
gujaf-70	378	6	,	,	PUNCT
gujaf-70	378	7	and	and	CCONJ
gujaf-70	378	8	shareholders	shareholder	NOUN
gujaf-70	378	9	'	'	PART
gujaf-70	378	10	wealth	wealth	NOUN
gujaf-70	378	11	of	of	ADP
gujaf-70	378	12	listed	list	VERB
gujaf-70	378	13	manufacturing	manufacturing	NOUN
gujaf-70	378	14	companies	company	NOUN
gujaf-70	378	15	in	in	ADP
gujaf-70	378	16	nigeria	nigeria	PROPN
gujaf-70	378	17	.	.	PUNCT
gujaf-70	379	1	journal	journal	PROPN
gujaf-70	379	2	of	of	ADP
gujaf-70	379	3	applied	apply	VERB
gujaf-70	379	4	business	business	NOUN
gujaf-70	379	5	and	and	CCONJ
gujaf-70	379	6	economics	economic	NOUN
gujaf-70	379	7	,	,	PUNCT
gujaf-70	379	8	21(9	21(9	NOUN
gujaf-70	379	9	)	)	PUNCT
gujaf-70	379	10	,	,	PUNCT
gujaf-70	379	11	24	24	NUM
gujaf-70	379	12	45	45	NUM
gujaf-70	379	13	.	.	PUNCT
gujaf-70	380	1	jensen	jensen	PROPN
gujaf-70	380	2	,	,	PUNCT
gujaf-70	380	3	m.	m.	PROPN
gujaf-70	380	4	c.	c.	PROPN
gujaf-70	380	5	(	(	PUNCT
gujaf-70	380	6	1993	1993	NUM
gujaf-70	380	7	)	)	PUNCT
gujaf-70	380	8	.	.	PUNCT
gujaf-70	381	1	the	the	DET
gujaf-70	381	2	modern	modern	ADJ
gujaf-70	381	3	industrial	industrial	ADJ
gujaf-70	381	4	revolution	revolution	NOUN
gujaf-70	381	5	,	,	PUNCT
gujaf-70	381	6	exit	exit	NOUN
gujaf-70	381	7	,	,	PUNCT
gujaf-70	381	8	and	and	CCONJ
gujaf-70	381	9	the	the	DET
gujaf-70	381	10	failure	failure	NOUN
gujaf-70	381	11	of	of	ADP
gujaf-70	381	12	internal	internal	ADJ
gujaf-70	381	13	control	control	NOUN
gujaf-70	381	14	systems	system	NOUN
gujaf-70	381	15	.	.	PUNCT
gujaf-70	382	1	the	the	DET
gujaf-70	382	2	journal	journal	PROPN
gujaf-70	382	3	of	of	ADP
gujaf-70	382	4	finance	finance	NOUN
gujaf-70	382	5	,	,	PUNCT
gujaf-70	382	6	48(3	48(3	PROPN
gujaf-70	382	7	)	)	PUNCT
gujaf-70	382	8	,	,	PUNCT
gujaf-70	382	9	831	831	NUM
gujaf-70	382	10	-	-	SYM
gujaf-70	382	11	880	880	NUM
gujaf-70	382	12	.	.	PUNCT
gujaf-70	383	1	kapoor	kapoor	PROPN
gujaf-70	383	2	,	,	PUNCT
gujaf-70	383	3	s.	s.	PROPN
gujaf-70	383	4	(	(	PUNCT
gujaf-70	383	5	2009	2009	NUM
gujaf-70	383	6	)	)	PUNCT
gujaf-70	383	7	.	.	PUNCT
gujaf-70	384	1	impact	impact	NOUN
gujaf-70	384	2	of	of	ADP
gujaf-70	384	3	dividend	dividend	NOUN
gujaf-70	384	4	policy	policy	NOUN
gujaf-70	384	5	on	on	ADP
gujaf-70	384	6	shareholders	shareholder	NOUN
gujaf-70	384	7	’	'	PUNCT
gujaf-70	384	8	value	value	NOUN
gujaf-70	384	9	:	:	PUNCT
gujaf-70	384	10	a	a	DET
gujaf-70	384	11	study	study	NOUN
gujaf-70	384	12	of	of	ADP
gujaf-70	384	13	indian	indian	ADJ
gujaf-70	384	14	firms	firm	NOUN
gujaf-70	384	15	.	.	PUNCT
gujaf-70	385	1	doctoral	doctoral	ADJ
gujaf-70	385	2	thesis	thesis	NOUN
gujaf-70	385	3	.	.	PUNCT
gujaf-70	386	1	retrieved	retrieve	VERB
gujaf-70	386	2	from	from	ADP
gujaf-70	386	3	https	https	NOUN
gujaf-70	386	4	:	:	PUNCT
gujaf-70	386	5	i/125.21.244.195	i/125.21.244.195	PROPN
gujaf-70	386	6	/	/	SYM
gujaf-70	386	7	uploads	upload	NOUN
gujaf-70	386	8	/	/	SYM
gujaf-70	386	9	sujata%2osynopsis	sujata%2osynopsis	PROPN
gujaf-70	386	10	.	.	PUNCT
gujaf-70	387	1	kamaludeen	kamaludeen	PROPN
gujaf-70	387	2	,	,	PUNCT
gujaf-70	387	3	f.	f.	PROPN
gujaf-70	387	4	a.	a.	PROPN
gujaf-70	387	5	&	&	CCONJ
gujaf-70	387	6	salawudeen	salawudeen	PROPN
gujaf-70	387	7	,	,	PUNCT
gujaf-70	387	8	a.	a.	NOUN
gujaf-70	387	9	(	(	PUNCT
gujaf-70	387	10	2017	2017	NUM
gujaf-70	387	11	)	)	PUNCT
gujaf-70	387	12	.	.	PUNCT
gujaf-70	388	1	an	an	DET
gujaf-70	388	2	empirical	empirical	ADJ
gujaf-70	388	3	examination	examination	NOUN
gujaf-70	388	4	of	of	ADP
gujaf-70	388	5	institutional	institutional	ADJ
gujaf-70	388	6	investors	investor	NOUN
gujaf-70	388	7	’	'	PUNCT
gujaf-70	388	8	ascendancy	ascendancy	NOUN
gujaf-70	388	9	on	on	ADP
gujaf-70	388	10	dividend	dividend	NOUN
gujaf-70	388	11	decisions	decision	NOUN
gujaf-70	388	12	in	in	ADP
gujaf-70	388	13	nigeria	nigeria	PROPN
gujaf-70	388	14	.	.	PUNCT
gujaf-70	389	1	uniosun	uniosun	PROPN
gujaf-70	389	2	international	international	PROPN
gujaf-70	389	3	journal	journal	PROPN
gujaf-70	389	4	of	of	ADP
gujaf-70	389	5	business	business	PROPN
gujaf-70	389	6	administration	administration	PROPN
gujaf-70	389	7	,	,	PUNCT
gujaf-70	389	8	1(2	1(2	NUM
gujaf-70	389	9	)	)	PUNCT
gujaf-70	389	10	,	,	PUNCT
gujaf-70	389	11	126	126	NUM
gujaf-70	389	12	-	-	SYM
gujaf-70	389	13	137	137	NUM
gujaf-70	389	14	.	.	PUNCT
gujaf-70	390	1	kumaresan	kumaresan	PROPN
gujaf-70	390	2	,	,	PUNCT
gujaf-70	390	3	s.	s.	PROPN
gujaf-70	390	4	(	(	PUNCT
gujaf-70	390	5	2014	2014	NUM
gujaf-70	390	6	)	)	PUNCT
gujaf-70	390	7	.	.	PUNCT
gujaf-70	391	1	impact	impact	NOUN
gujaf-70	391	2	of	of	ADP
gujaf-70	391	3	dividend	dividend	NOUN
gujaf-70	391	4	policy	policy	NOUN
gujaf-70	391	5	on	on	ADP
gujaf-70	391	6	shareholders	shareholder	NOUN
gujaf-70	391	7	’	'	PUNCT
gujaf-70	391	8	wealth	wealth	NOUN
gujaf-70	391	9	:	:	PUNCT
gujaf-70	391	10	a	a	DET
gujaf-70	391	11	study	study	NOUN
gujaf-70	391	12	of	of	ADP
gujaf-70	391	13	listed	list	VERB
gujaf-70	391	14	firms	firm	NOUN
gujaf-70	391	15	in	in	ADP
gujaf-70	391	16	hotels	hotel	NOUN
gujaf-70	391	17	and	and	CCONJ
gujaf-70	391	18	travels	travel	VERB
gujaf-70	391	19	sector	sector	NOUN
gujaf-70	391	20	of	of	ADP
gujaf-70	391	21	sri	sri	PROPN
gujaf-70	391	22	lanka	lanka	PROPN
gujaf-70	391	23	.	.	PUNCT
gujaf-70	392	1	international	international	ADJ
gujaf-70	392	2	journal	journal	PROPN
gujaf-70	392	3	of	of	ADP
gujaf-70	392	4	technological	technological	ADJ
gujaf-70	392	5	exploration	exploration	NOUN
gujaf-70	392	6	and	and	CCONJ
gujaf-70	392	7	learning	learning	NOUN
gujaf-70	392	8	,	,	PUNCT
gujaf-70	392	9	3(1	3(1	NUM
gujaf-70	392	10	)	)	PUNCT
gujaf-70	392	11	,	,	PUNCT
gujaf-70	392	12	349	349	NUM
gujaf-70	392	13	-	-	SYM
gujaf-70	392	14	352	352	NUM
gujaf-70	392	15	.	.	PUNCT
gujaf-70	393	1	lipczinsky	lipczinsky	PROPN
gujaf-70	393	2	,	,	PUNCT
gujaf-70	393	3	j.	j.	PROPN
gujaf-70	393	4	,	,	PUNCT
gujaf-70	393	5	&	&	CCONJ
gujaf-70	393	6	wilson	wilson	PROPN
gujaf-70	393	7	,	,	PUNCT
gujaf-70	393	8	j.	j.	PROPN
gujaf-70	393	9	(	(	PUNCT
gujaf-70	393	10	2001	2001	NUM
gujaf-70	393	11	)	)	PUNCT
gujaf-70	393	12	.	.	PUNCT
gujaf-70	394	1	industrial	industrial	ADJ
gujaf-70	394	2	organization	organization	PROPN
gujaf-70	394	3	:	:	PUNCT
gujaf-70	394	4	an	an	DET
gujaf-70	394	5	analysis	analysis	NOUN
gujaf-70	394	6	of	of	ADP
gujaf-70	394	7	competitivemarkets	competitivemarket	NOUN
gujaf-70	394	8	.	.	PUNCT
gujaf-70	395	1	prentice	prentice	NOUN
gujaf-70	395	2	-	-	PUNCT
gujaf-70	395	3	hall	hall	NOUN
gujaf-70	395	4	,	,	PUNCT
gujaf-70	395	5	london	london	PROPN
gujaf-70	395	6	.	.	PUNCT
gujaf-70	395	7	lintner	lintner	PROPN
gujaf-70	395	8	,	,	PUNCT
gujaf-70	395	9	j.	j.	PROPN
gujaf-70	395	10	(	(	PUNCT
gujaf-70	395	11	1956	1956	NUM
gujaf-70	395	12	)	)	PUNCT
gujaf-70	395	13	.	.	PUNCT
gujaf-70	396	1	distribution	distribution	NOUN
gujaf-70	396	2	of	of	ADP
gujaf-70	396	3	incomes	income	NOUN
gujaf-70	396	4	of	of	ADP
gujaf-70	396	5	firms	firm	NOUN
gujaf-70	396	6	among	among	ADP
gujaf-70	396	7	dividend	dividend	NOUN
gujaf-70	396	8	retained	retain	VERB
gujaf-70	396	9	earnings	earning	NOUN
gujaf-70	396	10	and	and	CCONJ
gujaf-70	396	11	taxes	taxis	NOUN
gujaf-70	396	12	.	.	PUNCT
gujaf-70	397	1	america	america	PROPN
gujaf-70	397	2	economic	economic	PROPN
gujaf-70	397	3	review	review	PROPN
gujaf-70	397	4	,	,	PUNCT
gujaf-70	397	5	46(2	46(2	NOUN
gujaf-70	397	6	)	)	PUNCT
gujaf-70	397	7	,	,	PUNCT
gujaf-70	397	8	97	97	NUM
gujaf-70	397	9	-	-	SYM
gujaf-70	397	10	113	113	NUM
gujaf-70	397	11	.	.	PUNCT
gujaf-70	398	1	mokaya	mokaya	PROPN
gujaf-70	398	2	,	,	PUNCT
gujaf-70	398	3	s.	s.	PROPN
gujaf-70	398	4	o.	o.	PROPN
gujaf-70	398	5	,	,	PUNCT
gujaf-70	398	6	nyang’ara	nyang’ara	PROPN
gujaf-70	398	7	,	,	PUNCT
gujaf-70	398	8	d.	d.	PROPN
gujaf-70	398	9	m.	m.	PROPN
gujaf-70	398	10	&	&	CCONJ
gujaf-70	398	11	james	james	PROPN
gujaf-70	398	12	,	,	PUNCT
gujaf-70	398	13	l.	l.	PROPN
gujaf-70	398	14	t.	t.	PROPN
gujaf-70	398	15	(	(	PUNCT
gujaf-70	398	16	2013	2013	NUM
gujaf-70	398	17	)	)	PUNCT
gujaf-70	398	18	.	.	PUNCT
gujaf-70	399	1	the	the	DET
gujaf-70	399	2	effect	effect	NOUN
gujaf-70	399	3	of	of	ADP
gujaf-70	399	4	dividend	dividend	NOUN
gujaf-70	399	5	policy	policy	NOUN
gujaf-70	399	6	on	on	ADP
gujaf-70	399	7	market	market	NOUN
gujaf-70	399	8	share	share	NOUN
gujaf-70	399	9	value	value	NOUN
gujaf-70	399	10	in	in	ADP
gujaf-70	399	11	the	the	DET
gujaf-70	399	12	banking	banking	NOUN
gujaf-70	399	13	industry	industry	NOUN
gujaf-70	399	14	.	.	PUNCT
gujaf-70	400	1	the	the	DET
gujaf-70	400	2	case	case	NOUN
gujaf-70	400	3	of	of	ADP
gujaf-70	400	4	the	the	DET
gujaf-70	400	5	national	national	PROPN
gujaf-70	400	6	bank	bank	PROPN
gujaf-70	400	7	of	of	ADP
gujaf-70	400	8	kenya	kenya	PROPN
gujaf-70	400	9	.	.	PUNCT
gujaf-70	401	1	international	international	ADJ
gujaf-70	401	2	journal	journal	PROPN
gujaf-70	401	3	of	of	ADP
gujaf-70	401	4	arts	art	NOUN
gujaf-70	401	5	and	and	CCONJ
gujaf-70	401	6	commerce	commerce	NOUN
gujaf-70	401	7	,	,	PUNCT
gujaf-70	401	8	2(2	2(2	NUM
gujaf-70	401	9	)	)	PUNCT
gujaf-70	401	10	,	,	PUNCT
gujaf-70	401	11	91	91	NUM
gujaf-70	401	12	-	-	SYM
gujaf-70	401	13	101	101	NUM
gujaf-70	401	14	.	.	PUNCT
gujaf-70	402	1	miller	miller	PROPN
gujaf-70	402	2	,	,	PUNCT
gujaf-70	402	3	m.	m.	PROPN
gujaf-70	402	4	h.	h.	PROPN
gujaf-70	402	5	&	&	CCONJ
gujaf-70	402	6	modigliani	modigliani	PROPN
gujaf-70	402	7	,	,	PUNCT
gujaf-70	402	8	f.	f.	PROPN
gujaf-70	402	9	(	(	PUNCT
gujaf-70	402	10	1961	1961	NUM
gujaf-70	402	11	)	)	PUNCT
gujaf-70	402	12	.	.	PUNCT
gujaf-70	403	1	dividend	dividend	NOUN
gujaf-70	403	2	policy	policy	NOUN
gujaf-70	403	3	,	,	PUNCT
gujaf-70	403	4	growth	growth	NOUN
gujaf-70	403	5	,	,	PUNCT
gujaf-70	403	6	and	and	CCONJ
gujaf-70	403	7	the	the	DET
gujaf-70	403	8	valuation	valuation	NOUN
gujaf-70	403	9	of	of	ADP
gujaf-70	403	10	shares	share	NOUN
gujaf-70	403	11	.	.	PUNCT
gujaf-70	404	1	journal	journal	NOUN
gujaf-70	404	2	of	of	ADP
gujaf-70	404	3	business	business	NOUN
gujaf-70	404	4	,	,	PUNCT
gujaf-70	404	5	34(4	34(4	NUM
gujaf-70	404	6	)	)	PUNCT
gujaf-70	404	7	,	,	PUNCT
gujaf-70	404	8	411	411	NUM
gujaf-70	404	9	-	-	SYM
gujaf-70	404	10	433	433	NUM
gujaf-70	404	11	.	.	PUNCT
gujaf-70	405	1	miller	miller	PROPN
gujaf-70	405	2	,	,	PUNCT
gujaf-70	405	3	m.	m.	PROPN
gujaf-70	405	4	h.	h.	PROPN
gujaf-70	405	5	&	&	CCONJ
gujaf-70	405	6	rock	rock	PROPN
gujaf-70	405	7	,	,	PUNCT
gujaf-70	405	8	k.	k.	PROPN
gujaf-70	405	9	(	(	PUNCT
gujaf-70	405	10	1985	1985	NUM
gujaf-70	405	11	)	)	PUNCT
gujaf-70	405	12	.	.	PUNCT
gujaf-70	406	1	dividend	dividend	NOUN
gujaf-70	406	2	policy	policy	NOUN
gujaf-70	406	3	under	under	ADP
gujaf-70	406	4	asymmetric	asymmetric	ADJ
gujaf-70	406	5	information	information	NOUN
gujaf-70	406	6	.	.	PUNCT
gujaf-70	407	1	the	the	DET
gujaf-70	407	2	journal	journal	PROPN
gujaf-70	407	3	of	of	ADP
gujaf-70	407	4	finance	finance	NOUN
gujaf-70	407	5	,	,	PUNCT
gujaf-70	407	6	40(4	40(4	NUM
gujaf-70	407	7	)	)	PUNCT
gujaf-70	407	8	,	,	PUNCT
gujaf-70	407	9	1031	1031	NUM
gujaf-70	407	10	-	-	SYM
gujaf-70	407	11	1051	1051	NUM
gujaf-70	407	12	.	.	PUNCT
gujaf-70	408	1	ojeme	ojeme	NOUN
gujaf-70	408	2	,	,	PUNCT
gujaf-70	408	3	s.	s.	PROPN
gujaf-70	408	4	,	,	PUNCT
gujaf-70	408	5	mamidu	mamidu	PROPN
gujaf-70	408	6	a.	a.	PROPN
gujaf-70	408	7	i.	i.	PROPN
gujaf-70	408	8	&	&	CCONJ
gujaf-70	408	9	ojo	ojo	PROPN
gujaf-70	408	10	,	,	PUNCT
gujaf-70	408	11	j.	j.	PROPN
gujaf-70	408	12	a	a	X
gujaf-70	408	13	(	(	PUNCT
gujaf-70	408	14	2015	2015	NUM
gujaf-70	408	15	)	)	PUNCT
gujaf-70	408	16	.	.	PUNCT
gujaf-70	409	1	dividend	dividend	NOUN
gujaf-70	409	2	policy	policy	NOUN
gujaf-70	409	3	and	and	CCONJ
gujaf-70	409	4	shareholders	shareholder	NOUN
gujaf-70	409	5	'	'	PART
gujaf-70	409	6	wealth	wealth	NOUN
gujaf-70	409	7	in	in	ADP
gujaf-70	409	8	nigerian	nigerian	PROPN
gujaf-70	409	9	quoted	quote	VERB
gujaf-70	409	10	banks	bank	NOUN
gujaf-70	409	11	canadian	canadian	PROPN
gujaf-70	409	12	.	.	PUNCT
gujaf-70	410	1	social	social	ADJ
gujaf-70	410	2	science	science	PROPN
gujaf-70	410	3	journal	journal	NOUN
gujaf-70	410	4	,	,	PUNCT
gujaf-70	410	5	11(1	11(1	NUM
gujaf-70	410	6	)	)	PUNCT
gujaf-70	410	7	,	,	PUNCT
gujaf-70	410	8	24	24	NUM
gujaf-70	410	9	-	-	SYM
gujaf-70	410	10	29	29	NUM
gujaf-70	410	11	.	.	PUNCT
gujaf-70	411	1	oliver	oliver	PROPN
gujaf-70	411	2	,	,	PUNCT
gujaf-70	411	3	e.	e.	PROPN
gujaf-70	411	4	,	,	PUNCT
gujaf-70	411	5	loretta	loretta	PROPN
gujaf-70	411	6	,	,	PUNCT
gujaf-70	411	7	p.	p.	PROPN
gujaf-70	411	8	e.	e.	PROPN
gujaf-70	411	9	&	&	CCONJ
gujaf-70	411	10	grace	grace	PROPN
gujaf-70	411	11	,	,	PUNCT
gujaf-70	411	12	i.	i.	PROPN
gujaf-70	411	13	u.	u.	PROPN
gujaf-70	411	14	(	(	PUNCT
gujaf-70	411	15	2016	2016	NUM
gujaf-70	411	16	)	)	PUNCT
gujaf-70	411	17	.	.	PUNCT
gujaf-70	412	1	dividend	dividend	NOUN
gujaf-70	412	2	policy	policy	NOUN
gujaf-70	412	3	and	and	CCONJ
gujaf-70	412	4	share	share	NOUN
gujaf-70	412	5	price	price	NOUN
gujaf-70	412	6	volatility	volatility	NOUN
gujaf-70	412	7	:	:	PUNCT
gujaf-70	412	8	a	a	DET
gujaf-70	412	9	co	co	NOUN
gujaf-70	412	10	-	-	NOUN
gujaf-70	412	11	integration	integration	NOUN
gujaf-70	412	12	analysis	analysis	NOUN
gujaf-70	412	13	.	.	PUNCT
gujaf-70	413	1	international	international	ADJ
gujaf-70	413	2	journal	journal	NOUN
gujaf-70	413	3	of	of	ADP
gujaf-70	413	4	advanced	advanced	ADJ
gujaf-70	413	5	academic	academic	ADJ
gujaf-70	413	6	research	research	NOUN
gujaf-70	413	7	|	|	CCONJ
gujaf-70	413	8	social	social	PROPN
gujaf-70	413	9	&	&	CCONJ
gujaf-70	413	10	management	management	PROPN
gujaf-70	413	11	sciences	sciences	PROPN
gujaf-70	413	12	,	,	PUNCT
gujaf-70	413	13	2(8	2(8	NUM
gujaf-70	413	14	)	)	PUNCT
gujaf-70	413	15	,	,	PUNCT
gujaf-70	413	16	59	59	NUM
gujaf-70	413	17	-	-	SYM
gujaf-70	413	18	75	75	NUM
gujaf-70	413	19	.	.	PUNCT
gujaf-70	414	1	ozuomba	ozuomba	NOUN
gujaf-70	414	2	,	,	PUNCT
gujaf-70	414	3	c.	c.	PROPN
gujaf-70	414	4	n.	n.	PROPN
gujaf-70	414	5	,	,	PUNCT
gujaf-70	414	6	anichebe	anichebe	PROPN
gujaf-70	414	7	,	,	PUNCT
gujaf-70	414	8	a.	a.	PROPN
gujaf-70	414	9	s.	s.	PROPN
gujaf-70	414	10	&	&	CCONJ
gujaf-70	414	11	okoye	okoye	PROPN
gujaf-70	414	12	p.	p.	PROPN
gujaf-70	414	13	v.	v.	PROPN
gujaf-70	414	14	c.	c.	PROPN
gujaf-70	414	15	(	(	PUNCT
gujaf-70	414	16	2016	2016	NUM
gujaf-70	414	17	)	)	PUNCT
gujaf-70	414	18	.	.	PUNCT
gujaf-70	415	1	the	the	DET
gujaf-70	415	2	effect	effect	NOUN
gujaf-70	415	3	of	of	ADP
gujaf-70	415	4	dividend	dividend	NOUN
gujaf-70	415	5	policies	policy	NOUN
gujaf-70	415	6	on	on	ADP
gujaf-70	415	7	wealth	wealth	NOUN
gujaf-70	415	8	maximization	maximization	NOUN
gujaf-70	415	9	a	a	DET
gujaf-70	415	10	study	study	NOUN
gujaf-70	415	11	of	of	ADP
gujaf-70	415	12	some	some	DET
gujaf-70	415	13	selected	select	VERB
gujaf-70	415	14	plc	plc	PROPN
gujaf-70	415	15	.	.	PROPN
gujaf-70	415	16	cogent	cogent	NOUN
gujaf-70	415	17	business	business	NOUN
gujaf-70	415	18	and	and	CCONJ
gujaf-70	415	19	management	management	NOUN
gujaf-70	415	20	,	,	PUNCT
gujaf-70	415	21	3(2016	3(2016	NUM
gujaf-70	415	22	)	)	PUNCT
gujaf-70	415	23	,	,	PUNCT
gujaf-70	415	24	01	01	NUM
gujaf-70	415	25	-	-	SYM
gujaf-70	415	26	15	15	NUM
gujaf-70	415	27	.	.	PUNCT
gujaf-70	416	1	http://dx.doi.org/10.1080/23311975.2016.1226457	http://dx.doi.org/10.1080/23311975.2016.1226457	NOUN
gujaf-70	416	2	.	.	PROPN
gujaf-70	416	3	ponsian	ponsian	PROPN
gujaf-70	416	4	,	,	PUNCT
gujaf-70	416	5	n.	n.	NOUN
gujaf-70	416	6	,	,	PUNCT
gujaf-70	416	7	prosper	prosper	NOUN
gujaf-70	416	8	,	,	PUNCT
gujaf-70	416	9	k.	k.	PROPN
gujaf-70	416	10	,	,	PUNCT
gujaf-70	416	11	yuda	yuda	NOUN
gujaf-70	416	12	,	,	PUNCT
gujaf-70	416	13	t.	t.	PROPN
gujaf-70	416	14	&	&	CCONJ
gujaf-70	416	15	samwel	samwel	PROPN
gujaf-70	416	16	,	,	PUNCT
gujaf-70	416	17	g.	g.	PROPN
gujaf-70	416	18	(	(	PUNCT
gujaf-70	416	19	2015	2015	NUM
gujaf-70	416	20	)	)	PUNCT
gujaf-70	416	21	.	.	PUNCT
gujaf-70	417	1	relationship	relationship	NOUN
gujaf-70	417	2	between	between	ADP
gujaf-70	417	3	dividend	dividend	NOUN
gujaf-70	417	4	policy	policy	NOUN
gujaf-70	417	5	and	and	CCONJ
gujaf-70	417	6	share	share	NOUN
gujaf-70	417	7	price	price	NOUN
gujaf-70	417	8	.	.	PUNCT
gujaf-70	418	1	archives	archive	NOUN
gujaf-70	418	2	of	of	ADP
gujaf-70	418	3	business	business	NOUN
gujaf-70	418	4	research	research	NOUN
gujaf-70	418	5	,	,	PUNCT
gujaf-70	418	6	3(3	3(3	NUM
gujaf-70	418	7	)	)	PUNCT
gujaf-70	418	8	,	,	PUNCT
gujaf-70	418	9	11:20	11:20	NUM
gujaf-70	418	10	.	.	PUNCT
gujaf-70	419	1	salawudeen	salawudeen	NOUN
gujaf-70	419	2	,	,	PUNCT
gujaf-70	419	3	a.	a.	NOUN
gujaf-70	419	4	,	,	PUNCT
gujaf-70	419	5	terkimbi	terkimbi	NOUN
gujaf-70	419	6	,	,	PUNCT
gujaf-70	419	7	t.	t.	PROPN
gujaf-70	419	8	m.	m.	PROPN
gujaf-70	419	9	&	&	CCONJ
gujaf-70	419	10	abdullahi	abdullahi	PROPN
gujaf-70	419	11	,	,	PUNCT
gujaf-70	419	12	k.	k.	PROPN
gujaf-70	419	13	(	(	PUNCT
gujaf-70	419	14	2018	2018	NUM
gujaf-70	419	15	)	)	PUNCT
gujaf-70	419	16	.	.	PUNCT
gujaf-70	420	1	corporate	corporate	ADJ
gujaf-70	420	2	tax	tax	NOUN
gujaf-70	420	3	and	and	CCONJ
gujaf-70	420	4	dividend	dividend	NOUN
gujaf-70	420	5	policy	policy	NOUN
gujaf-70	420	6	of	of	ADP
gujaf-70	420	7	listed	list	VERB
gujaf-70	420	8	conglomerate	conglomerate	NOUN
gujaf-70	420	9	companies	company	NOUN
gujaf-70	420	10	in	in	ADP
gujaf-70	420	11	nigeria	nigeria	PROPN
gujaf-70	420	12	.	.	PUNCT
gujaf-70	421	1	international	international	ADJ
gujaf-70	421	2	journal	journal	PROPN
gujaf-70	421	3	of	of	ADP
gujaf-70	421	4	science	science	NOUN
gujaf-70	421	5	and	and	CCONJ
gujaf-70	421	6	research	research	NOUN
gujaf-70	421	7	,	,	PUNCT
gujaf-70	421	8	4(11	4(11	NUM
gujaf-70	421	9	)	)	PUNCT
gujaf-70	421	10	,	,	PUNCT
gujaf-70	421	11	985	985	NUM
gujaf-70	421	12	-	-	SYM
gujaf-70	421	13	990	990	NUM
gujaf-70	421	14	.	.	PUNCT
gujaf-70	422	1	www.ijsr.net	www.ijsr.net	PROPN
gujaf-70	422	2	http://www.ijsr.net/	http://www.ijsr.net/	NOUN
gujaf-70	422	3	gusau	gusau	PROPN
gujaf-70	422	4	journal	journal	PROPN
gujaf-70	422	5	of	of	ADP
gujaf-70	422	6	accounting	accounting	NOUN
gujaf-70	422	7	and	and	CCONJ
gujaf-70	422	8	finance	finance	NOUN
gujaf-70	422	9	,	,	PUNCT
gujaf-70	422	10	vol	vol	NOUN
gujaf-70	422	11	.	.	PROPN
gujaf-70	422	12	2	2	NUM
gujaf-70	422	13	,	,	PUNCT
gujaf-70	422	14	issue	issue	NOUN
gujaf-70	422	15	2	2	NUM
gujaf-70	422	16	,	,	PUNCT
gujaf-70	422	17	april	april	PROPN
gujaf-70	422	18	,	,	PUNCT
gujaf-70	422	19	2021	2021	NUM
gujaf-70	422	20	17	17	NUM
gujaf-70	422	21	salawudeen	salawudeen	NOUN
gujaf-70	422	22	,	,	PUNCT
gujaf-70	422	23	a.	a.	PROPN
gujaf-70	422	24	&	&	CCONJ
gujaf-70	422	25	suleiman	suleiman	PROPN
gujaf-70	422	26	,	,	PUNCT
gujaf-70	422	27	g.	g.	PROPN
gujaf-70	422	28	u.	u.	PROPN
gujaf-70	422	29	(	(	PUNCT
gujaf-70	422	30	2018	2018	NUM
gujaf-70	422	31	)	)	PUNCT
gujaf-70	422	32	.	.	PUNCT
gujaf-70	423	1	human	human	ADJ
gujaf-70	423	2	capital	capital	PROPN
gujaf-70	423	3	accounting	accounting	NOUN
gujaf-70	423	4	and	and	CCONJ
gujaf-70	423	5	financial	financial	ADJ
gujaf-70	423	6	performance	performance	NOUN
gujaf-70	423	7	of	of	ADP
gujaf-70	423	8	listed	list	VERB
gujaf-70	423	9	consumer	consumer	NOUN
gujaf-70	423	10	goods	good	NOUN
gujaf-70	423	11	firms	firm	NOUN
gujaf-70	423	12	in	in	ADP
gujaf-70	423	13	nigeria	nigeria	PROPN
gujaf-70	423	14	.	.	PUNCT
gujaf-70	424	1	lapai	lapai	PROPN
gujaf-70	424	2	international	international	PROPN
gujaf-70	424	3	journal	journal	PROPN
gujaf-70	424	4	of	of	ADP
gujaf-70	424	5	management	management	NOUN
gujaf-70	424	6	and	and	CCONJ
gujaf-70	424	7	social	social	ADJ
gujaf-70	424	8	sciences	science	NOUN
gujaf-70	424	9	,	,	PUNCT
gujaf-70	424	10	10(1&2	10(1&2	NUM
gujaf-70	424	11	)	)	PUNCT
gujaf-70	424	12	,	,	PUNCT
gujaf-70	424	13	169	169	NUM
gujaf-70	424	14	-	-	SYM
gujaf-70	424	15	182	182	NUM
gujaf-70	424	16	.	.	PUNCT
gujaf-70	425	1	salawudeen	salawudeen	NOUN
gujaf-70	425	2	,	,	PUNCT
gujaf-70	425	3	a.	a.	NOUN
gujaf-70	425	4	(	(	PUNCT
gujaf-70	425	5	2017	2017	NUM
gujaf-70	425	6	)	)	PUNCT
gujaf-70	425	7	.	.	PUNCT
gujaf-70	426	1	effect	effect	NOUN
gujaf-70	426	2	of	of	ADP
gujaf-70	426	3	board	board	NOUN
gujaf-70	426	4	characteristics	characteristic	NOUN
gujaf-70	426	5	on	on	ADP
gujaf-70	426	6	corporate	corporate	ADJ
gujaf-70	426	7	income	income	NOUN
gujaf-70	426	8	tax	tax	NOUN
gujaf-70	426	9	of	of	ADP
gujaf-70	426	10	listed	list	VERB
gujaf-70	426	11	deposit	deposit	NOUN
gujaf-70	426	12	money	money	NOUN
gujaf-70	426	13	banks	bank	NOUN
gujaf-70	426	14	in	in	ADP
gujaf-70	426	15	nigeria	nigeria	PROPN
gujaf-70	426	16	.	.	PUNCT
gujaf-70	427	1	finance	finance	NOUN
gujaf-70	427	2	and	and	CCONJ
gujaf-70	427	3	accounting	accounting	NOUN
gujaf-70	427	4	research	research	NOUN
gujaf-70	427	5	monitor	monitor	NOUN
gujaf-70	427	6	,	,	PUNCT
gujaf-70	427	7	special	special	ADJ
gujaf-70	427	8	edition	edition	NOUN
gujaf-70	427	9	,	,	PUNCT
gujaf-70	427	10	139	139	NUM
gujaf-70	427	11	-	-	SYM
gujaf-70	427	12	153	153	NUM
gujaf-70	427	13	.	.	PUNCT
gujaf-70	428	1	sawar	sawar	PROPN
gujaf-70	428	2	,	,	PUNCT
gujaf-70	428	3	m.	m.	PROPN
gujaf-70	428	4	s.	s.	PROPN
gujaf-70	428	5	&	&	CCONJ
gujaf-70	428	6	salman	salman	PROPN
gujaf-70	428	7	,	,	PUNCT
gujaf-70	428	8	m.	m.	NOUN
gujaf-70	428	9	(	(	PUNCT
gujaf-70	428	10	2013	2013	NUM
gujaf-70	428	11	)	)	PUNCT
gujaf-70	428	12	.	.	PUNCT
gujaf-70	429	1	effect	effect	NOUN
gujaf-70	429	2	of	of	ADP
gujaf-70	429	3	dividend	dividend	NOUN
gujaf-70	429	4	policy	policy	NOUN
gujaf-70	429	5	on	on	ADP
gujaf-70	429	6	shareholders	shareholder	NOUN
gujaf-70	429	7	'	'	PART
gujaf-70	429	8	wealth	wealth	NOUN
gujaf-70	429	9	:	:	PUNCT
gujaf-70	429	10	a	a	DET
gujaf-70	429	11	study	study	NOUN
gujaf-70	429	12	of	of	ADP
gujaf-70	429	13	the	the	DET
gujaf-70	429	14	sugar	sugar	NOUN
gujaf-70	429	15	industry	industry	NOUN
gujaf-70	429	16	in	in	ADP
gujaf-70	429	17	pakistan	pakistan	PROPN
gujaf-70	429	18	.	.	PUNCT
gujaf-70	430	1	global	global	ADJ
gujaf-70	430	2	journal	journal	PROPN
gujaf-70	430	3	of	of	ADP
gujaf-70	430	4	management	management	NOUN
gujaf-70	430	5	and	and	CCONJ
gujaf-70	430	6	business	business	NOUN
gujaf-70	430	7	research	research	NOUN
gujaf-70	430	8	finance	finance	NOUN
gujaf-70	430	9	,	,	PUNCT
gujaf-70	430	10	13(7	13(7	NUM
gujaf-70	430	11	)	)	PUNCT
gujaf-70	430	12	,	,	PUNCT
gujaf-70	430	13	47	47	NUM
gujaf-70	430	14	-	-	SYM
gujaf-70	430	15	54	54	NUM
gujaf-70	430	16	.	.	PUNCT
gujaf-70	431	1	sarwar	sarwar	PROPN
gujaf-70	431	2	,	,	PUNCT
gujaf-70	431	3	r.	r.	PROPN
gujaf-70	431	4	&	&	CCONJ
gujaf-70	431	5	naseem	naseem	PROPN
gujaf-70	431	6	,	,	PUNCT
gujaf-70	431	7	n.	n.	NOUN
gujaf-70	431	8	(	(	PUNCT
gujaf-70	431	9	2014	2014	NUM
gujaf-70	431	10	)	)	PUNCT
gujaf-70	431	11	.	.	PUNCT
gujaf-70	432	1	review	review	NOUN
gujaf-70	432	2	of	of	ADP
gujaf-70	432	3	dividend	dividend	NOUN
gujaf-70	432	4	policy	policy	NOUN
gujaf-70	432	5	and	and	CCONJ
gujaf-70	432	6	its	its	PRON
gujaf-70	432	7	impact	impact	NOUN
gujaf-70	432	8	on	on	ADP
gujaf-70	432	9	shareholders	shareholder	NOUN
gujaf-70	432	10	'	'	PART
gujaf-70	432	11	wealth	wealth	NOUN
gujaf-70	432	12	.	.	PUNCT
gujaf-70	433	1	international	international	ADJ
gujaf-70	433	2	journal	journal	PROPN
gujaf-70	433	3	of	of	ADP
gujaf-70	433	4	management	management	NOUN
gujaf-70	433	5	&	&	CCONJ
gujaf-70	433	6	organizational	organizational	ADJ
gujaf-70	433	7	studies	study	NOUN
gujaf-70	433	8	,	,	PUNCT
gujaf-70	433	9	3(4	3(4	NUM
gujaf-70	433	10	)	)	PUNCT
gujaf-70	433	11	,	,	PUNCT
gujaf-70	433	12	24	24	NUM
gujaf-70	433	13	-	-	SYM
gujaf-70	433	14	28	28	NUM
gujaf-70	433	15	.	.	PUNCT
gujaf-70	434	1	sharif1	sharif1	PROPN
gujaf-70	434	2	,	,	PUNCT
gujaf-70	434	3	i.	i.	PROPN
gujaf-70	434	4	,	,	PUNCT
gujaf-70	434	5	ali	ali	PROPN
gujaf-70	434	6	,	,	PUNCT
gujaf-70	434	7	a.	a.	PROPN
gujaf-70	434	8	&	&	CCONJ
gujaf-70	434	9	jan	jan	PROPN
gujaf-70	434	10	,	,	PUNCT
gujaf-70	434	11	f.	f.	PROPN
gujaf-70	434	12	a.	a.	PROPN
gujaf-70	434	13	(	(	PUNCT
gujaf-70	434	14	2015	2015	NUM
gujaf-70	434	15	)	)	PUNCT
gujaf-70	434	16	.	.	PUNCT
gujaf-70	435	1	effect	effect	NOUN
gujaf-70	435	2	of	of	ADP
gujaf-70	435	3	dividend	dividend	NOUN
gujaf-70	435	4	policy	policy	NOUN
gujaf-70	435	5	on	on	ADP
gujaf-70	435	6	stock	stock	NOUN
gujaf-70	435	7	prices	price	NOUN
gujaf-70	435	8	.	.	PUNCT
gujaf-70	436	1	journal	journal	PROPN
gujaf-70	436	2	of	of	ADP
gujaf-70	436	3	management	management	NOUN
gujaf-70	436	4	information	information	NOUN
gujaf-70	436	5	,	,	PUNCT
gujaf-70	436	6	6(1	6(1	NUM
gujaf-70	436	7	)	)	PUNCT
gujaf-70	436	8	,	,	PUNCT
gujaf-70	436	9	55	55	NUM
gujaf-70	436	10	-	-	SYM
gujaf-70	436	11	85	85	NUM
gujaf-70	436	12	.	.	PUNCT
gujaf-70	437	1	suwabe	suwabe	NOUN
gujaf-70	437	2	(	(	PUNCT
gujaf-70	437	3	2006	2006	NUM
gujaf-70	437	4	)	)	PUNCT
gujaf-70	437	5	.	.	PUNCT
gujaf-70	438	1	dividend	dividend	NOUN
gujaf-70	438	2	policy	policy	NOUN
gujaf-70	438	3	that	that	PRON
gujaf-70	438	4	boosts	boost	VERB
gujaf-70	438	5	shareholders	shareholder	NOUN
gujaf-70	438	6	'	'	PART
gujaf-70	438	7	value	value	NOUN
gujaf-70	438	8	.	.	PUNCT
gujaf-70	439	1	security	security	NOUN
gujaf-70	439	2	analysts	analyst	NOUN
gujaf-70	439	3	journal	journal	NOUN
gujaf-70	439	4	,	,	PUNCT
gujaf-70	439	5	44(7	44(7	NOUN
gujaf-70	439	6	)	)	PUNCT
gujaf-70	439	7	,	,	PUNCT
gujaf-70	439	8	1	1	NUM
gujaf-70	439	9	-	-	SYM
gujaf-70	439	10	18	18	NUM
gujaf-70	439	11	.	.	PUNCT
gujaf-70	440	1	sunmola	sunmola	PROPN
gujaf-70	440	2	,	,	PUNCT
gujaf-70	440	3	a.	a.	PROPN
gujaf-70	440	4	s.	s.	PROPN
gujaf-70	440	5	&	&	CCONJ
gujaf-70	440	6	emmanuel	emmanuel	PROPN
gujaf-70	440	7	,	,	PUNCT
gujaf-70	440	8	o.	o.	PROPN
gujaf-70	440	9	o.	o.	PROPN
gujaf-70	440	10	(	(	PUNCT
gujaf-70	440	11	2016	2016	NUM
gujaf-70	440	12	)	)	PUNCT
gujaf-70	440	13	.	.	PUNCT
gujaf-70	441	1	the	the	DET
gujaf-70	441	2	impact	impact	NOUN
gujaf-70	441	3	of	of	ADP
gujaf-70	441	4	dividend	dividend	NOUN
gujaf-70	441	5	policy	policy	NOUN
gujaf-70	441	6	on	on	ADP
gujaf-70	441	7	shareholders	shareholder	NOUN
gujaf-70	441	8	’	'	PUNCT
gujaf-70	441	9	value	value	NOUN
gujaf-70	441	10	:	:	PUNCT
gujaf-70	441	11	evidence	evidence	NOUN
gujaf-70	441	12	from	from	ADP
gujaf-70	441	13	nigeria	nigeria	PROPN
gujaf-70	441	14	.	.	PUNCT
gujaf-70	442	1	international	international	ADJ
gujaf-70	442	2	journal	journal	PROPN
gujaf-70	442	3	of	of	ADP
gujaf-70	442	4	social	social	ADJ
gujaf-70	442	5	science	science	NOUN
gujaf-70	442	6	and	and	CCONJ
gujaf-70	442	7	economic	economic	ADJ
gujaf-70	442	8	research	research	NOUN
gujaf-70	442	9	,	,	PUNCT
gujaf-70	442	10	1(5	1(5	NUM
gujaf-70	442	11	)	)	PUNCT
gujaf-70	442	12	,	,	PUNCT
gujaf-70	442	13	559	559	NUM
gujaf-70	442	14	-	-	SYM
gujaf-70	442	15	576	576	NUM
gujaf-70	442	16	sulong	sulong	NOUN
gujaf-70	442	17	,	,	PUNCT
gujaf-70	442	18	z.	z.	PROPN
gujaf-70	442	19	,	,	PUNCT
gujaf-70	442	20	&	&	CCONJ
gujaf-70	442	21	matnor	matnor	PROPN
gujaf-70	442	22	,	,	PUNCT
gujaf-70	442	23	f.	f.	PROPN
gujaf-70	442	24	(	(	PUNCT
gujaf-70	442	25	2008	2008	NUM
gujaf-70	442	26	)	)	PUNCT
gujaf-70	442	27	.	.	PUNCT
gujaf-70	443	1	dividend	dividend	NOUN
gujaf-70	443	2	,	,	PUNCT
gujaf-70	443	3	ownership	ownership	NOUN
gujaf-70	443	4	structure	structure	NOUN
gujaf-70	443	5	and	and	CCONJ
gujaf-70	443	6	board	board	NOUN
gujaf-70	443	7	governance	governance	NOUN
gujaf-70	443	8	on	on	ADP
gujaf-70	443	9	firm	firm	ADJ
gujaf-70	443	10	value	value	NOUN
gujaf-70	443	11	:	:	PUNCT
gujaf-70	443	12	empirical	empirical	ADJ
gujaf-70	443	13	evidence	evidence	NOUN
gujaf-70	443	14	from	from	ADP
gujaf-70	443	15	malaysia	malaysia	PROPN
gujaf-70	443	16	listed	list	VERB
gujaf-70	443	17	firms	firm	NOUN
gujaf-70	443	18	.	.	PUNCT
gujaf-70	444	1	malaysia	malaysia	PROPN
gujaf-70	444	2	accounting	accounting	PROPN
gujaf-70	444	3	review	review	PROPN
gujaf-70	444	4	,	,	PUNCT
gujaf-70	444	5	7	7	NUM
gujaf-70	444	6	(	(	PUNCT
gujaf-70	444	7	2	2	NUM
gujaf-70	444	8	)	)	PUNCT
gujaf-70	444	9	,	,	PUNCT
gujaf-70	444	10	01	01	NUM
gujaf-70	444	11	-	-	SYM
gujaf-70	444	12	15	15	NUM
gujaf-70	444	13	tahir	tahir	PROPN
gujaf-70	444	14	,	,	PUNCT
gujaf-70	444	15	a.	a.	PROPN
gujaf-70	444	16	&	&	CCONJ
gujaf-70	444	17	raja	raja	PROPN
gujaf-70	444	18	,	,	PUNCT
gujaf-70	444	19	n.	n.	PROPN
gujaf-70	444	20	(	(	PUNCT
gujaf-70	444	21	2014	2014	NUM
gujaf-70	444	22	)	)	PUNCT
gujaf-70	444	23	.	.	PUNCT
gujaf-70	445	1	the	the	DET
gujaf-70	445	2	impact	impact	NOUN
gujaf-70	445	3	of	of	ADP
gujaf-70	445	4	dividend	dividend	NOUN
gujaf-70	445	5	policy	policy	NOUN
gujaf-70	445	6	on	on	ADP
gujaf-70	445	7	shareholders	shareholder	NOUN
gujaf-70	445	8	’	'	PUNCT
gujaf-70	445	9	wealth	wealth	NOUN
gujaf-70	445	10	.	.	PUNCT
gujaf-70	446	1	international	international	ADJ
gujaf-70	446	2	journal	journal	PROPN
gujaf-70	446	3	of	of	ADP
gujaf-70	446	4	business	business	NOUN
gujaf-70	446	5	and	and	CCONJ
gujaf-70	446	6	management	management	NOUN
gujaf-70	446	7	,	,	PUNCT
gujaf-70	446	8	16	16	NUM
gujaf-70	446	9	(	(	PUNCT
gujaf-70	446	10	1	1	NUM
gujaf-70	446	11	)	)	PUNCT
gujaf-70	446	12	,	,	PUNCT
gujaf-70	446	13	24	24	NUM
gujaf-70	446	14	-	-	SYM
gujaf-70	446	15	33	33	NUM
gujaf-70	446	16	.	.	PUNCT
gujaf-70	447	1	thirumagal	thirumagal	ADJ
gujaf-70	447	2	,	,	PUNCT
gujaf-70	447	3	p.	p.	NOUN
gujaf-70	447	4	g.	g.	PROPN
gujaf-70	447	5	&	&	CCONJ
gujaf-70	447	6	vasantha	vasantha	PROPN
gujaf-70	447	7	,	,	PUNCT
gujaf-70	447	8	s.	s.	PROPN
gujaf-70	447	9	(	(	PUNCT
gujaf-70	447	10	2016	2016	NUM
gujaf-70	447	11	)	)	PUNCT
gujaf-70	447	12	.	.	PUNCT
gujaf-70	448	1	dividend	dividend	NOUN
gujaf-70	448	2	policy	policy	NOUN
gujaf-70	448	3	on	on	ADP
gujaf-70	448	4	shareholders	shareholder	NOUN
gujaf-70	448	5	wealth	wealth	NOUN
gujaf-70	448	6	:	:	PUNCT
gujaf-70	448	7	evidence	evidence	NOUN
gujaf-70	448	8	from	from	ADP
gujaf-70	448	9	indian	indian	ADJ
gujaf-70	448	10	pharmaceutical	pharmaceutical	NOUN
gujaf-70	448	11	industry	industry	PROPN
gujaf-70	448	12	indian	indian	PROPN
gujaf-70	448	13	.	.	PUNCT
gujaf-70	449	1	journal	journal	PROPN
gujaf-70	449	2	of	of	ADP
gujaf-70	449	3	science	science	NOUN
gujaf-70	449	4	and	and	CCONJ
gujaf-70	449	5	technology	technology	NOUN
gujaf-70	449	6	9(15	9(15	NUM
gujaf-70	449	7	)	)	PUNCT
gujaf-70	449	8	,	,	PUNCT
gujaf-70	449	9	0106	0106	NUM
gujaf-70	449	10	.	.	PUNCT
gujaf-70	450	1	walsh	walsh	NOUN
gujaf-70	450	2	,	,	PUNCT
gujaf-70	450	3	t.	t.	PROPN
gujaf-70	450	4	(	(	PUNCT
gujaf-70	450	5	2014	2014	NUM
gujaf-70	450	6	)	)	PUNCT
gujaf-70	450	7	.	.	PUNCT
gujaf-70	451	1	why	why	SCONJ
gujaf-70	451	2	is	be	AUX
gujaf-70	451	3	understanding	understand	VERB
gujaf-70	451	4	a	a	DET
gujaf-70	451	5	dividend	dividend	NOUN
gujaf-70	451	6	payout	payout	NOUN
gujaf-70	451	7	ratio	ratio	NOUN
gujaf-70	451	8	is	be	AUX
gujaf-70	451	9	so	so	ADV
gujaf-70	451	10	important	important	ADJ
gujaf-70	451	11	.	.	PUNCT
gujaf-70	452	1	retrieved	retrieve	VERB
gujaf-70	452	2	from	from	ADP
gujaf-70	452	3	https://www.fool.com/investing/general/2014/10/15/whyunderstanding-a-dividend-payout-ratio-is-so-im.aspx	https://www.fool.com/investing/general/2014/10/15/whyunderstanding-a-dividend-payout-ratio-is-so-im.aspx	NOUN
gujaf-70	452	4	waithaka	waithaka	NOUN
gujaf-70	452	5	,	,	PUNCT
gujaf-70	452	6	s.	s.	PROPN
gujaf-70	452	7	m.	m.	PROPN
gujaf-70	452	8	,	,	PUNCT
gujaf-70	452	9	ngugi	ngugi	PROPN
gujaf-70	452	10	,	,	PUNCT
gujaf-70	452	11	j.	j.	PROPN
gujaf-70	452	12	k.	k.	PROPN
gujaf-70	452	13	,	,	PUNCT
gujaf-70	452	14	aiyabei	aiyabei	VERB
gujaf-70	452	15	,	,	PUNCT
gujaf-70	452	16	j.	j.	PROPN
gujaf-70	452	17	k.	k.	PROPN
gujaf-70	452	18	,	,	PUNCT
gujaf-70	452	19	itunga	itunga	PROPN
gujaf-70	452	20	,	,	PUNCT
gujaf-70	452	21	j.	j.	PROPN
gujaf-70	452	22	k.	k.	PROPN
gujaf-70	452	23	,	,	PUNCT
gujaf-70	452	24	&	&	CCONJ
gujaf-70	452	25	kirago	kirago	PROPN
gujaf-70	452	26	,	,	PUNCT
gujaf-70	453	1	p.	p.	NOUN
gujaf-70	453	2	(	(	PUNCT
gujaf-70	453	3	2012	2012	NUM
gujaf-70	453	4	)	)	PUNCT
gujaf-70	453	5	.	.	PUNCT
gujaf-70	454	1	effects	effect	NOUN
gujaf-70	454	2	of	of	ADP
gujaf-70	454	3	dividend	dividend	NOUN
gujaf-70	454	4	policy	policy	NOUN
gujaf-70	454	5	on	on	ADP
gujaf-70	454	6	share	share	NOUN
gujaf-70	454	7	prices	price	NOUN
gujaf-70	454	8	:	:	PUNCT
gujaf-70	454	9	a	a	DET
gujaf-70	454	10	case	case	NOUN
gujaf-70	454	11	of	of	ADP
gujaf-70	454	12	companies	company	NOUN
gujaf-70	454	13	in	in	ADP
gujaf-70	454	14	nairobi	nairobi	PROPN
gujaf-70	454	15	securities	securities	PROPN
gujaf-70	454	16	exchange	exchange	PROPN
gujaf-70	454	17	.	.	PUNCT
gujaf-70	455	1	prime	prime	PROPN
gujaf-70	455	2	journal	journal	PROPN
gujaf-70	455	3	of	of	ADP
gujaf-70	455	4	business	business	PROPN
gujaf-70	455	5	administration	administration	NOUN
gujaf-70	455	6	and	and	CCONJ
gujaf-70	455	7	management	management	NOUN
gujaf-70	455	8	(	(	PUNCT
gujaf-70	455	9	bam	bam	NOUN
gujaf-70	455	10	)	)	PUNCT
gujaf-70	455	11	,	,	PUNCT
gujaf-70	455	12	2(8	2(8	NUM
gujaf-70	455	13	)	)	PUNCT
gujaf-70	455	14	,	,	PUNCT
gujaf-70	455	15	642	642	NUM
gujaf-70	455	16	-	-	SYM
gujaf-70	455	17	648	648	NUM
gujaf-70	455	18	.	.	PUNCT
gujaf-70	456	1	yustisiana	yustisiana	PROPN
gujaf-70	456	2	,	,	PUNCT
gujaf-70	456	3	r.	r.	PROPN
gujaf-70	456	4	(	(	PUNCT
gujaf-70	456	5	2017	2017	NUM
gujaf-70	456	6	)	)	PUNCT
gujaf-70	456	7	.	.	PUNCT
gujaf-70	457	1	the	the	DET
gujaf-70	457	2	relationship	relationship	NOUN
gujaf-70	457	3	between	between	ADP
gujaf-70	457	4	dividend	dividend	NOUN
gujaf-70	457	5	policy	policy	NOUN
gujaf-70	457	6	and	and	CCONJ
gujaf-70	457	7	shareholders	shareholder	NOUN
gujaf-70	457	8	'	'	PART
gujaf-70	457	9	wealth	wealth	NOUN
gujaf-70	457	10	:	:	PUNCT
gujaf-70	457	11	a	a	DET
gujaf-70	457	12	case	case	NOUN
gujaf-70	457	13	study	study	NOUN
gujaf-70	457	14	at	at	ADP
gujaf-70	457	15	mining	mining	NOUN
gujaf-70	457	16	companies	company	NOUN
gujaf-70	457	17	in	in	ADP
gujaf-70	457	18	indonesia	indonesia	PROPN
gujaf-70	457	19	.	.	PROPN
gujaf-70	458	1	journal	journal	PROPN
gujaf-70	458	2	of	of	ADP
gujaf-70	458	3	business	business	NOUN
gujaf-70	458	4	and	and	CCONJ
gujaf-70	458	5	management	management	NOUN
gujaf-70	458	6	,	,	PUNCT
gujaf-70	458	7	19(2	19(2	NUM
gujaf-70	458	8	)	)	PUNCT
gujaf-70	458	9	,	,	PUNCT
gujaf-70	458	10	53	53	NUM
gujaf-70	458	11	-	-	SYM
gujaf-70	458	12	57	57	NUM
gujaf-70	458	13	.	.	PUNCT
gujaf-70	459	1	zafar	zafar	PROPN
gujaf-70	459	2	,	,	PUNCT
gujaf-70	459	3	s.	s.	PROPN
gujaf-70	459	4	m.	m.	PROPN
gujaf-70	459	5	t.	t.	PROPN
gujaf-70	459	6	,	,	PUNCT
gujaf-70	459	7	chaubey	chaubey	PROPN
gujaf-70	459	8	,	,	PUNCT
gujaf-70	459	9	d.	d.	PROPN
gujaf-70	459	10	s.	s.	PROPN
gujaf-70	459	11	,	,	PUNCT
gujaf-70	459	12	&	&	CCONJ
gujaf-70	459	13	khalid	khalid	PROPN
gujaf-70	459	14	,	,	PUNCT
gujaf-70	459	15	s.	s.	PROPN
gujaf-70	459	16	m.	m.	PROPN
gujaf-70	459	17	(	(	PUNCT
gujaf-70	459	18	2012	2012	NUM
gujaf-70	459	19	)	)	PUNCT
gujaf-70	459	20	.	.	PUNCT
gujaf-70	460	1	a	a	DET
gujaf-70	460	2	study	study	NOUN
gujaf-70	460	3	on	on	ADP
gujaf-70	460	4	dividend	dividend	NOUN
gujaf-70	460	5	policy	policy	NOUN
gujaf-70	460	6	and	and	CCONJ
gujaf-70	460	7	its	its	PRON
gujaf-70	460	8	impact	impact	NOUN
gujaf-70	460	9	on	on	ADP
gujaf-70	460	10	the	the	DET
gujaf-70	460	11	shareholders	shareholder	NOUN
gujaf-70	460	12	'	'	PART
gujaf-70	460	13	wealth	wealth	NOUN
gujaf-70	460	14	in	in	ADP
gujaf-70	460	15	india	india	PROPN
gujaf-70	460	16	's	's	PART
gujaf-70	460	17	selected	select	VERB
gujaf-70	460	18	banking	banking	NOUN
gujaf-70	460	19	companies	company	NOUN
gujaf-70	460	20	.	.	PUNCT
gujaf-70	461	1	international	international	ADJ
gujaf-70	461	2	journal	journal	PROPN
gujaf-70	461	3	of	of	ADP
gujaf-70	461	4	financial	financial	ADJ
gujaf-70	461	5	management	management	NOUN
gujaf-70	461	6	,	,	PUNCT
gujaf-70	461	7	2(3	2(3	NUM
gujaf-70	461	8	)	)	PUNCT
gujaf-70	461	9	,	,	PUNCT
gujaf-70	461	10	79	79	NUM
gujaf-70	461	11	-	-	SYM
gujaf-70	461	12	94	94	NUM
gujaf-70	461	13	.	.	PUNCT
gujaf-70	462	1	zakaria	zakaria	PROPN
gujaf-70	462	2	,	,	PUNCT
gujaf-70	462	3	z.	z.	PROPN
gujaf-70	462	4	,	,	PUNCT
gujaf-70	462	5	muhammad	muhammad	PROPN
gujaf-70	462	6	,	,	PUNCT
gujaf-70	462	7	j.	j.	PROPN
gujaf-70	462	8	&	&	CCONJ
gujaf-70	462	9	zulkifli	zulkifli	PROPN
gujaf-70	462	10	,	,	PUNCT
gujaf-70	462	11	a.	a.	NOUN
gujaf-70	462	12	(	(	PUNCT
gujaf-70	462	13	2012	2012	NUM
gujaf-70	462	14	)	)	PUNCT
gujaf-70	462	15	.	.	PUNCT
gujaf-70	463	1	the	the	DET
gujaf-70	463	2	impact	impact	NOUN
gujaf-70	463	3	of	of	ADP
gujaf-70	463	4	dividend	dividend	NOUN
gujaf-70	463	5	policy	policy	NOUN
gujaf-70	463	6	on	on	ADP
gujaf-70	463	7	the	the	DET
gujaf-70	463	8	share	share	NOUN
gujaf-70	463	9	price	price	NOUN
gujaf-70	463	10	volatility	volatility	NOUN
gujaf-70	463	11	:	:	PUNCT
gujaf-70	463	12	malaysian	malaysian	ADJ
gujaf-70	463	13	construction	construction	NOUN
gujaf-70	463	14	and	and	CCONJ
gujaf-70	463	15	material	material	NOUN
gujaf-70	463	16	companies	company	NOUN
gujaf-70	463	17	.	.	PUNCT
gujaf-70	464	1	international	international	ADJ
gujaf-70	464	2	journal	journal	PROPN
gujaf-70	464	3	of	of	ADP
gujaf-70	464	4	economics	economic	NOUN
gujaf-70	464	5	and	and	CCONJ
gujaf-70	464	6	management	management	NOUN
gujaf-70	464	7	sciences	science	NOUN
gujaf-70	464	8	,	,	PUNCT
gujaf-70	464	9	2(5	2(5	NUM
gujaf-70	464	10	)	)	PUNCT
gujaf-70	464	11	,	,	PUNCT
gujaf-70	464	12	01	01	NUM
gujaf-70	464	13	-	-	SYM
gujaf-70	464	14	08	08	NUM
gujaf-70	464	15	.	.	PUNCT
gujaf-70	465	1	https://www.fool.com/investing/general/2014/10/15/why-understanding-a-dividend-payout-ratio-is-so-im.aspx	https://www.fool.com/investing/general/2014/10/15/why-understanding-a-dividend-payout-ratio-is-so-im.aspx	PROPN
gujaf-70	465	2	https://www.fool.com/investing/general/2014/10/15/why-understanding-a-dividend-payout-ratio-is-so-im.aspx	https://www.fool.com/investing/general/2014/10/15/why-understanding-a-dividend-payout-ratio-is-so-im.aspx	PROPN