id	sid	tid	token	lemma	pos
gujaf-75	1	1	gusau	gusau	PROPN
gujaf-75	1	2	journal	journal	NOUN
gujaf-75	1	3	of	of	ADP
gujaf-75	1	4	accounting	accounting	NOUN
gujaf-75	1	5	and	and	CCONJ
gujaf-75	1	6	finance	finance	NOUN
gujaf-75	1	7	,	,	PUNCT
gujaf-75	1	8	vol	vol	NOUN
gujaf-75	1	9	.	.	PROPN
gujaf-75	1	10	2	2	NUM
gujaf-75	1	11	,	,	PUNCT
gujaf-75	1	12	issue	issue	NOUN
gujaf-75	1	13	3	3	NUM
gujaf-75	1	14	,	,	PUNCT
gujaf-75	1	15	april	april	PROPN
gujaf-75	1	16	,	,	PUNCT
gujaf-75	1	17	2021	2021	NUM
gujaf-75	1	18	1	1	NUM
gujaf-75	1	19	gusau	gusau	ADJ
gujaf-75	1	20	journal	journal	NOUN
gujaf-75	1	21	of	of	ADP
gujaf-75	1	22	accounting	accounting	NOUN
gujaf-75	1	23	and	and	CCONJ
gujaf-75	1	24	finance	finance	NOUN
gujaf-75	1	25	(	(	PUNCT
gujaf-75	1	26	gujaf	gujaf	NOUN
gujaf-75	1	27	)	)	PUNCT
gujaf-75	1	28	vol	vol	NOUN
gujaf-75	1	29	.	.	NOUN
gujaf-75	1	30	2	2	NUM
gujaf-75	1	31	issue	issue	NOUN
gujaf-75	1	32	3	3	NUM
gujaf-75	1	33	,	,	PUNCT
gujaf-75	1	34	april	april	PROPN
gujaf-75	1	35	,	,	PUNCT
gujaf-75	1	36	2021	2021	NUM
gujaf-75	1	37	issn	issn	X
gujaf-75	1	38	:	:	PUNCT
gujaf-75	1	39	2756	2756	NUM
gujaf-75	1	40	-	-	PUNCT
gujaf-75	1	41	665x	665x	NOUN
gujaf-75	1	42	a	a	DET
gujaf-75	1	43	publication	publication	NOUN
gujaf-75	1	44	of	of	ADP
gujaf-75	1	45	department	department	NOUN
gujaf-75	1	46	of	of	ADP
gujaf-75	1	47	accounting	accounting	NOUN
gujaf-75	1	48	and	and	CCONJ
gujaf-75	1	49	finance	finance	NOUN
gujaf-75	1	50	,	,	PUNCT
gujaf-75	1	51	faculty	faculty	NOUN
gujaf-75	1	52	of	of	ADP
gujaf-75	1	53	management	management	NOUN
gujaf-75	1	54	and	and	CCONJ
gujaf-75	1	55	social	social	ADJ
gujaf-75	1	56	sciences	science	NOUN
gujaf-75	1	57	,	,	PUNCT
gujaf-75	1	58	federal	federal	ADJ
gujaf-75	1	59	university	university	NOUN
gujaf-75	1	60	gusau	gusau	NOUN
gujaf-75	1	61	,	,	PUNCT
gujaf-75	1	62	zamfara	zamfara	PROPN
gujaf-75	1	63	state	state	PROPN
gujaf-75	1	64	–	–	PUNCT
gujaf-75	1	65	nigeria	nigeria	PROPN
gujaf-75	1	66	gusau	gusau	PROPN
gujaf-75	1	67	journal	journal	PROPN
gujaf-75	1	68	of	of	ADP
gujaf-75	1	69	accounting	accounting	NOUN
gujaf-75	1	70	and	and	CCONJ
gujaf-75	1	71	finance	finance	NOUN
gujaf-75	1	72	,	,	PUNCT
gujaf-75	1	73	vol	vol	NOUN
gujaf-75	1	74	.	.	PROPN
gujaf-75	1	75	2	2	NUM
gujaf-75	1	76	,	,	PUNCT
gujaf-75	1	77	issue	issue	NOUN
gujaf-75	1	78	3	3	NUM
gujaf-75	1	79	,	,	PUNCT
gujaf-75	1	80	april	april	PROPN
gujaf-75	1	81	,	,	PUNCT
gujaf-75	1	82	2021	2021	NUM
gujaf-75	1	83	2	2	NUM
gujaf-75	1	84	does	do	VERB
gujaf-75	1	85	optimal	optimal	ADJ
gujaf-75	1	86	board	board	NOUN
gujaf-75	1	87	structure	structure	NOUN
gujaf-75	1	88	influences	influence	VERB
gujaf-75	1	89	dividend	dividend	NOUN
gujaf-75	1	90	policy	policy	NOUN
gujaf-75	1	91	of	of	ADP
gujaf-75	1	92	the	the	DET
gujaf-75	1	93	nigerian	nigerian	ADJ
gujaf-75	1	94	deposit	deposit	NOUN
gujaf-75	1	95	money	money	NOUN
gujaf-75	1	96	banks	bank	NOUN
gujaf-75	1	97	?	?	PUNCT
gujaf-75	2	1	awotundun	awotundun	PROPN
gujaf-75	2	2	,	,	PUNCT
gujaf-75	2	3	dele	dele	PROPN
gujaf-75	2	4	ayo	ayo	PROPN
gujaf-75	2	5	department	department	PROPN
gujaf-75	2	6	of	of	ADP
gujaf-75	2	7	banking	banking	NOUN
gujaf-75	2	8	and	and	CCONJ
gujaf-75	2	9	finance	finance	NOUN
gujaf-75	2	10	lagos	lagos	PROPN
gujaf-75	2	11	state	state	PROPN
gujaf-75	2	12	university	university	PROPN
gujaf-75	2	13	,	,	PUNCT
gujaf-75	2	14	ojo	ojo	NOUN
gujaf-75	2	15	,	,	PUNCT
gujaf-75	2	16	lagos	lagos	NOUN
gujaf-75	2	17	state	state	NOUN
gujaf-75	2	18	daawotundunng@yahoo.com	daawotundunng@yahoo.com	PROPN
gujaf-75	3	1	deleawotundun@lasu.edu	deleawotundun@lasu.edu	PROPN
gujaf-75	3	2	.	.	PUNCT
gujaf-75	3	3	+2347083725961	+2347083725961	ADJ
gujaf-75	3	4	absract	absract	VERB
gujaf-75	3	5	this	this	DET
gujaf-75	3	6	study	study	NOUN
gujaf-75	3	7	examines	examine	VERB
gujaf-75	3	8	whether	whether	SCONJ
gujaf-75	3	9	optimal	optimal	ADJ
gujaf-75	3	10	board	board	NOUN
gujaf-75	3	11	structure	structure	NOUN
gujaf-75	3	12	influences	influence	VERB
gujaf-75	3	13	dividend	dividend	NOUN
gujaf-75	3	14	policy	policy	NOUN
gujaf-75	3	15	of	of	ADP
gujaf-75	3	16	the	the	DET
gujaf-75	3	17	nigerian	nigerian	ADJ
gujaf-75	3	18	deposit	deposit	NOUN
gujaf-75	3	19	money	money	NOUN
gujaf-75	3	20	banks	bank	NOUN
gujaf-75	3	21	(	(	PUNCT
gujaf-75	3	22	dmbs	dmb	NOUN
gujaf-75	3	23	)	)	PUNCT
gujaf-75	3	24	.	.	PUNCT
gujaf-75	4	1	optimal	optimal	ADJ
gujaf-75	4	2	board	board	NOUN
gujaf-75	4	3	structure	structure	NOUN
gujaf-75	4	4	in	in	ADP
gujaf-75	4	5	the	the	DET
gujaf-75	4	6	contest	contest	NOUN
gujaf-75	4	7	of	of	ADP
gujaf-75	4	8	this	this	DET
gujaf-75	4	9	study	study	NOUN
gujaf-75	4	10	is	be	AUX
gujaf-75	4	11	defined	define	VERB
gujaf-75	4	12	in	in	ADP
gujaf-75	4	13	term	term	NOUN
gujaf-75	4	14	of	of	ADP
gujaf-75	4	15	appropriate	appropriate	ADJ
gujaf-75	4	16	board	board	NOUN
gujaf-75	4	17	size	size	NOUN
gujaf-75	4	18	with	with	ADP
gujaf-75	4	19	greater	great	ADJ
gujaf-75	4	20	proportion	proportion	NOUN
gujaf-75	4	21	of	of	ADP
gujaf-75	4	22	independence	independence	NOUN
gujaf-75	4	23	.	.	PUNCT
gujaf-75	5	1	it	it	PRON
gujaf-75	5	2	postulated	postulate	VERB
gujaf-75	5	3	that	that	SCONJ
gujaf-75	5	4	the	the	DET
gujaf-75	5	5	board	board	NOUN
gujaf-75	5	6	of	of	ADP
gujaf-75	5	7	directors	director	NOUN
gujaf-75	5	8	comprises	comprise	NOUN
gujaf-75	5	9	of	of	ADP
gujaf-75	5	10	executive	executive	ADJ
gujaf-75	5	11	and	and	CCONJ
gujaf-75	5	12	nonexecutive	nonexecutive	ADJ
gujaf-75	5	13	directors	director	NOUN
gujaf-75	5	14	and	and	CCONJ
gujaf-75	5	15	its	its	PRON
gujaf-75	5	16	size	size	NOUN
gujaf-75	5	17	depends	depend	VERB
gujaf-75	5	18	on	on	ADP
gujaf-75	5	19	the	the	DET
gujaf-75	5	20	complexity	complexity	NOUN
gujaf-75	5	21	of	of	ADP
gujaf-75	5	22	their	their	PRON
gujaf-75	5	23	business	business	NOUN
gujaf-75	5	24	.	.	PUNCT
gujaf-75	6	1	the	the	DET
gujaf-75	6	2	study	study	NOUN
gujaf-75	6	3	relies	rely	VERB
gujaf-75	6	4	on	on	ADP
gujaf-75	6	5	agency	agency	NOUN
gujaf-75	6	6	and	and	CCONJ
gujaf-75	6	7	resource	resource	NOUN
gujaf-75	6	8	dependency	dependency	NOUN
gujaf-75	6	9	theory	theory	NOUN
gujaf-75	6	10	of	of	ADP
gujaf-75	6	11	corporate	corporate	ADJ
gujaf-75	6	12	governance	governance	NOUN
gujaf-75	6	13	to	to	PART
gujaf-75	6	14	explain	explain	VERB
gujaf-75	6	15	the	the	DET
gujaf-75	6	16	inconsistence	inconsistence	NOUN
gujaf-75	6	17	in	in	ADP
gujaf-75	6	18	the	the	DET
gujaf-75	6	19	board	board	NOUN
gujaf-75	6	20	structure	structure	NOUN
gujaf-75	6	21	of	of	ADP
gujaf-75	6	22	an	an	DET
gujaf-75	6	23	organisation	organisation	NOUN
gujaf-75	6	24	.	.	PUNCT
gujaf-75	7	1	several	several	ADJ
gujaf-75	7	2	literatures	literature	NOUN
gujaf-75	7	3	were	be	AUX
gujaf-75	7	4	reviewed	review	VERB
gujaf-75	7	5	to	to	PART
gujaf-75	7	6	justify	justify	VERB
gujaf-75	7	7	the	the	DET
gujaf-75	7	8	reality	reality	NOUN
gujaf-75	7	9	of	of	ADP
gujaf-75	7	10	governance	governance	NOUN
gujaf-75	7	11	as	as	ADP
gujaf-75	7	12	critical	critical	ADJ
gujaf-75	7	13	factors	factor	NOUN
gujaf-75	7	14	that	that	PRON
gujaf-75	7	15	may	may	AUX
gujaf-75	7	16	influence	influence	VERB
gujaf-75	7	17	dividend	dividend	NOUN
gujaf-75	7	18	policy	policy	NOUN
gujaf-75	7	19	.	.	PUNCT
gujaf-75	8	1	the	the	DET
gujaf-75	8	2	paper	paper	NOUN
gujaf-75	8	3	utilized	utilize	VERB
gujaf-75	8	4	panel	panel	NOUN
gujaf-75	8	5	data	datum	NOUN
gujaf-75	8	6	approach	approach	NOUN
gujaf-75	8	7	and	and	CCONJ
gujaf-75	8	8	stata	stata	NOUN
gujaf-75	8	9	software	software	NOUN
gujaf-75	8	10	package	package	NOUN
gujaf-75	8	11	was	be	AUX
gujaf-75	8	12	used	use	VERB
gujaf-75	8	13	to	to	PART
gujaf-75	8	14	analyse	analyse	VERB
gujaf-75	8	15	the	the	DET
gujaf-75	8	16	data	datum	NOUN
gujaf-75	8	17	collected	collect	VERB
gujaf-75	8	18	from	from	ADP
gujaf-75	8	19	8	8	NUM
gujaf-75	8	20	deposit	deposit	NOUN
gujaf-75	8	21	money	money	NOUN
gujaf-75	8	22	banks	bank	NOUN
gujaf-75	8	23	spinning	spin	VERB
gujaf-75	8	24	from	from	ADP
gujaf-75	8	25	2010	2010	NUM
gujaf-75	8	26	to	to	ADP
gujaf-75	8	27	2019	2019	NUM
gujaf-75	8	28	.	.	PUNCT
gujaf-75	9	1	findings	finding	NOUN
gujaf-75	9	2	from	from	ADP
gujaf-75	9	3	the	the	DET
gujaf-75	9	4	result	result	NOUN
gujaf-75	9	5	suggest	suggest	VERB
gujaf-75	9	6	that	that	SCONJ
gujaf-75	9	7	executive	executive	ADJ
gujaf-75	9	8	directors	director	NOUN
gujaf-75	9	9	positively	positively	ADV
gujaf-75	9	10	drive	drive	VERB
gujaf-75	9	11	dividend	dividend	NOUN
gujaf-75	9	12	policy	policy	NOUN
gujaf-75	9	13	but	but	CCONJ
gujaf-75	9	14	not	not	PART
gujaf-75	9	15	significant	significant	ADJ
gujaf-75	9	16	while	while	SCONJ
gujaf-75	9	17	non	non	ADJ
gujaf-75	9	18	executive	executive	ADJ
gujaf-75	9	19	director	director	NOUN
gujaf-75	9	20	is	be	AUX
gujaf-75	9	21	negative	negative	ADJ
gujaf-75	9	22	but	but	CCONJ
gujaf-75	9	23	significantly	significantly	ADV
gujaf-75	9	24	influence	influence	VERB
gujaf-75	9	25	dividend	dividend	NOUN
gujaf-75	9	26	policy	policy	NOUN
gujaf-75	9	27	.	.	PUNCT
gujaf-75	10	1	the	the	DET
gujaf-75	10	2	earnings	earning	NOUN
gujaf-75	10	3	per	per	ADP
gujaf-75	10	4	share	share	NOUN
gujaf-75	10	5	is	be	AUX
gujaf-75	10	6	positive	positive	ADJ
gujaf-75	10	7	and	and	CCONJ
gujaf-75	10	8	also	also	ADV
gujaf-75	10	9	significant	significant	ADJ
gujaf-75	10	10	.	.	PUNCT
gujaf-75	11	1	the	the	DET
gujaf-75	11	2	study	study	NOUN
gujaf-75	11	3	also	also	ADV
gujaf-75	11	4	confirms	confirm	VERB
gujaf-75	11	5	that	that	SCONJ
gujaf-75	11	6	optimal	optimal	ADJ
gujaf-75	11	7	board	board	NOUN
gujaf-75	11	8	sizes	size	NOUN
gujaf-75	11	9	represented	represent	VERB
gujaf-75	11	10	by	by	ADP
gujaf-75	11	11	dummy	dummy	ADJ
gujaf-75	11	12	variables	variable	NOUN
gujaf-75	11	13	are	be	AUX
gujaf-75	11	14	not	not	PART
gujaf-75	11	15	significant	significant	ADJ
gujaf-75	11	16	in	in	ADP
gujaf-75	11	17	the	the	DET
gujaf-75	11	18	nigerian	nigerian	ADJ
gujaf-75	11	19	banking	banking	NOUN
gujaf-75	11	20	sector	sector	NOUN
gujaf-75	11	21	.	.	PUNCT
gujaf-75	12	1	the	the	DET
gujaf-75	12	2	study	study	NOUN
gujaf-75	12	3	recommends	recommend	VERB
gujaf-75	12	4	that	that	SCONJ
gujaf-75	12	5	commercial	commercial	ADJ
gujaf-75	12	6	bank	bank	NOUN
gujaf-75	12	7	should	should	AUX
gujaf-75	12	8	fix	fix	VERB
gujaf-75	12	9	their	their	PRON
gujaf-75	12	10	board	board	NOUN
gujaf-75	12	11	size	size	NOUN
gujaf-75	12	12	in	in	ADP
gujaf-75	12	13	line	line	NOUN
gujaf-75	12	14	with	with	ADP
gujaf-75	12	15	their	their	PRON
gujaf-75	12	16	circumstances	circumstance	NOUN
gujaf-75	12	17	and	and	CCONJ
gujaf-75	12	18	policy	policy	NOUN
gujaf-75	12	19	should	should	AUX
gujaf-75	12	20	be	be	AUX
gujaf-75	12	21	directed	direct	VERB
gujaf-75	12	22	to	to	PART
gujaf-75	12	23	improve	improve	VERB
gujaf-75	12	24	the	the	DET
gujaf-75	12	25	independence	independence	NOUN
gujaf-75	12	26	and	and	CCONJ
gujaf-75	12	27	quality	quality	NOUN
gujaf-75	12	28	of	of	ADP
gujaf-75	12	29	non	non	ADJ
gujaf-75	12	30	-	-	ADJ
gujaf-75	12	31	executive	executive	ADJ
gujaf-75	12	32	directors	director	NOUN
gujaf-75	12	33	present	present	ADJ
gujaf-75	12	34	in	in	ADP
gujaf-75	12	35	the	the	DET
gujaf-75	12	36	board	board	NOUN
gujaf-75	12	37	.	.	PUNCT
gujaf-75	13	1	keywords	keyword	NOUN
gujaf-75	13	2	:	:	PUNCT
gujaf-75	13	3	board	board	NOUN
gujaf-75	13	4	structure	structure	NOUN
gujaf-75	13	5	,	,	PUNCT
gujaf-75	13	6	dividend	dividend	NOUN
gujaf-75	13	7	policy	policy	NOUN
gujaf-75	13	8	,	,	PUNCT
gujaf-75	13	9	executive	executive	ADJ
gujaf-75	13	10	directors	director	NOUN
gujaf-75	13	11	,	,	PUNCT
gujaf-75	13	12	earnings	earning	NOUN
gujaf-75	13	13	per	per	ADP
gujaf-75	13	14	share	share	NOUN
gujaf-75	13	15	1	1	NUM
gujaf-75	13	16	.	.	PUNCT
gujaf-75	13	17	introduction	introduction	NOUN
gujaf-75	13	18	several	several	ADJ
gujaf-75	13	19	researches	research	NOUN
gujaf-75	13	20	have	have	AUX
gujaf-75	13	21	been	be	AUX
gujaf-75	13	22	carried	carry	VERB
gujaf-75	13	23	out	out	ADP
gujaf-75	13	24	on	on	ADP
gujaf-75	13	25	board	board	NOUN
gujaf-75	13	26	structure	structure	NOUN
gujaf-75	13	27	and	and	CCONJ
gujaf-75	13	28	firm	firm	NOUN
gujaf-75	13	29	’s	’s	PART
gujaf-75	13	30	performance	performance	NOUN
gujaf-75	13	31	without	without	ADP
gujaf-75	13	32	considering	consider	VERB
gujaf-75	13	33	dividend	dividend	NOUN
gujaf-75	13	34	policy	policy	NOUN
gujaf-75	13	35	.	.	PUNCT
gujaf-75	14	1	some	some	DET
gujaf-75	14	2	authors	author	NOUN
gujaf-75	14	3	also	also	ADV
gujaf-75	14	4	focus	focus	VERB
gujaf-75	14	5	on	on	ADP
gujaf-75	14	6	firm	firm	NOUN
gujaf-75	14	7	’s	’s	PART
gujaf-75	14	8	specific	specific	ADJ
gujaf-75	14	9	factor	factor	NOUN
gujaf-75	14	10	that	that	PRON
gujaf-75	14	11	affects	affect	VERB
gujaf-75	14	12	dividend	dividend	NOUN
gujaf-75	14	13	policy	policy	NOUN
gujaf-75	14	14	.	.	PUNCT
gujaf-75	15	1	little	little	ADJ
gujaf-75	15	2	is	be	AUX
gujaf-75	15	3	known	know	VERB
gujaf-75	15	4	about	about	ADP
gujaf-75	15	5	the	the	DET
gujaf-75	15	6	board	board	NOUN
gujaf-75	15	7	of	of	ADP
gujaf-75	15	8	directors	director	NOUN
gujaf-75	15	9	,	,	PUNCT
gujaf-75	15	10	it	it	PRON
gujaf-75	15	11	size	size	VERB
gujaf-75	15	12	,	,	PUNCT
gujaf-75	15	13	independence	independence	NOUN
gujaf-75	15	14	and	and	CCONJ
gujaf-75	15	15	appropriateness	appropriateness	NOUN
gujaf-75	15	16	as	as	ADP
gujaf-75	15	17	a	a	DET
gujaf-75	15	18	mechanism	mechanism	NOUN
gujaf-75	15	19	for	for	ADP
gujaf-75	15	20	board	board	NOUN
gujaf-75	15	21	effectiveness	effectiveness	NOUN
gujaf-75	15	22	to	to	PART
gujaf-75	15	23	alleviate	alleviate	VERB
gujaf-75	15	24	payment	payment	NOUN
gujaf-75	15	25	of	of	ADP
gujaf-75	15	26	dividend	dividend	NOUN
gujaf-75	15	27	to	to	ADP
gujaf-75	15	28	shareholders	shareholder	NOUN
gujaf-75	15	29	who	who	PRON
gujaf-75	15	30	invested	invest	VERB
gujaf-75	15	31	their	their	PRON
gujaf-75	15	32	hard	hard	ADV
gujaf-75	15	33	earned	earn	VERB
gujaf-75	15	34	incomes	income	NOUN
gujaf-75	15	35	in	in	ADP
gujaf-75	15	36	the	the	DET
gujaf-75	15	37	organisation	organisation	NOUN
gujaf-75	15	38	.	.	PUNCT
gujaf-75	16	1	generally	generally	ADV
gujaf-75	16	2	,	,	PUNCT
gujaf-75	16	3	the	the	DET
gujaf-75	16	4	board	board	NOUN
gujaf-75	16	5	of	of	ADP
gujaf-75	16	6	directors	director	NOUN
gujaf-75	16	7	’	'	PUNCT
gujaf-75	16	8	focuses	focus	VERB
gujaf-75	16	9	on	on	ADP
gujaf-75	16	10	approving	approve	VERB
gujaf-75	16	11	strategic	strategic	ADJ
gujaf-75	16	12	goals	goal	NOUN
gujaf-75	16	13	and	and	CCONJ
gujaf-75	16	14	plans	plan	NOUN
gujaf-75	16	15	of	of	ADP
gujaf-75	16	16	the	the	DET
gujaf-75	16	17	corporation	corporation	NOUN
gujaf-75	16	18	,	,	PUNCT
gujaf-75	16	19	setting	set	VERB
gujaf-75	16	20	general	general	ADJ
gujaf-75	16	21	policies	policy	NOUN
gujaf-75	16	22	,	,	PUNCT
gujaf-75	16	23	guiding	guide	VERB
gujaf-75	16	24	corporate	corporate	ADJ
gujaf-75	16	25	affairs	affair	NOUN
gujaf-75	16	26	,	,	PUNCT
gujaf-75	16	27	and	and	CCONJ
gujaf-75	16	28	approving	approve	VERB
gujaf-75	16	29	major	major	ADJ
gujaf-75	16	30	expenditures	expenditure	NOUN
gujaf-75	16	31	.	.	PUNCT
gujaf-75	17	1	in	in	ADP
gujaf-75	17	2	addition	addition	NOUN
gujaf-75	17	3	the	the	DET
gujaf-75	17	4	code	code	NOUN
gujaf-75	17	5	of	of	ADP
gujaf-75	17	6	corporate	corporate	ADJ
gujaf-75	17	7	governance	governance	NOUN
gujaf-75	17	8	issued	issue	VERB
gujaf-75	17	9	in	in	ADP
gujaf-75	17	10	2006	2006	NUM
gujaf-75	17	11	for	for	ADP
gujaf-75	17	12	bank	bank	NOUN
gujaf-75	17	13	in	in	ADP
gujaf-75	17	14	post	post	NOUN
gujaf-75	17	15	consolidation	consolidation	NOUN
gujaf-75	17	16	period	period	NOUN
gujaf-75	17	17	in	in	ADP
gujaf-75	17	18	nigeria	nigeria	PROPN
gujaf-75	17	19	,	,	PUNCT
gujaf-75	17	20	which	which	PRON
gujaf-75	17	21	was	be	AUX
gujaf-75	17	22	further	far	ADV
gujaf-75	17	23	revised	revise	VERB
gujaf-75	17	24	in	in	ADP
gujaf-75	17	25	2014	2014	NUM
gujaf-75	17	26	and	and	CCONJ
gujaf-75	17	27	harmonised	harmonise	VERB
gujaf-75	17	28	with	with	ADP
gujaf-75	17	29	other	other	ADJ
gujaf-75	17	30	sector	sector	NOUN
gujaf-75	17	31	by	by	ADP
gujaf-75	17	32	financial	financial	ADJ
gujaf-75	17	33	reporting	reporting	NOUN
gujaf-75	17	34	council	council	NOUN
gujaf-75	17	35	in	in	ADP
gujaf-75	17	36	2020	2020	NUM
gujaf-75	17	37	;	;	PUNCT
gujaf-75	17	38	recognised	recognise	VERB
gujaf-75	17	39	that	that	SCONJ
gujaf-75	17	40	the	the	DET
gujaf-75	17	41	board	board	NOUN
gujaf-75	17	42	of	of	ADP
gujaf-75	17	43	directors	director	NOUN
gujaf-75	17	44	particularly	particularly	ADV
gujaf-75	17	45	commercial	commercial	ADJ
gujaf-75	17	46	banks	bank	NOUN
gujaf-75	17	47	is	be	AUX
gujaf-75	17	48	expected	expect	VERB
gujaf-75	17	49	to	to	PART
gujaf-75	17	50	comprise	comprise	VERB
gujaf-75	17	51	qualified	qualified	ADJ
gujaf-75	17	52	individuals	individual	NOUN
gujaf-75	17	53	that	that	PRON
gujaf-75	17	54	are	be	AUX
gujaf-75	17	55	familiar	familiar	ADJ
gujaf-75	17	56	with	with	ADP
gujaf-75	17	57	the	the	DET
gujaf-75	17	58	oversight	oversight	NOUN
gujaf-75	17	59	functions	function	NOUN
gujaf-75	17	60	with	with	ADP
gujaf-75	17	61	high	high	ADJ
gujaf-75	17	62	degree	degree	NOUN
gujaf-75	17	63	of	of	ADP
gujaf-75	17	64	independence	independence	NOUN
gujaf-75	17	65	from	from	ADP
gujaf-75	17	66	management	management	NOUN
gujaf-75	17	67	,	,	PUNCT
gujaf-75	17	68	individual	individual	NOUN
gujaf-75	17	69	,	,	PUNCT
gujaf-75	17	70	shareholders	shareholder	NOUN
gujaf-75	17	71	and	and	CCONJ
gujaf-75	17	72	must	must	AUX
gujaf-75	17	73	be	be	AUX
gujaf-75	17	74	responsible	responsible	ADJ
gujaf-75	17	75	for	for	ADP
gujaf-75	17	76	effective	effective	ADJ
gujaf-75	17	77	control	control	NOUN
gujaf-75	17	78	of	of	ADP
gujaf-75	17	79	the	the	DET
gujaf-75	17	80	banks	bank	NOUN
gujaf-75	17	81	.	.	PUNCT
gujaf-75	18	1	in	in	ADP
gujaf-75	18	2	order	order	NOUN
gujaf-75	18	3	to	to	PART
gujaf-75	18	4	allow	allow	VERB
gujaf-75	18	5	for	for	ADP
gujaf-75	18	6	independence	independence	NOUN
gujaf-75	18	7	,	,	PUNCT
gujaf-75	18	8	the	the	DET
gujaf-75	18	9	code	code	NOUN
gujaf-75	18	10	of	of	ADP
gujaf-75	18	11	corporate	corporate	ADJ
gujaf-75	18	12	governance	governance	NOUN
gujaf-75	18	13	in	in	ADP
gujaf-75	18	14	nigeria	nigeria	PROPN
gujaf-75	18	15	permits	permit	VERB
gujaf-75	18	16	the	the	DET
gujaf-75	18	17	number	number	NOUN
gujaf-75	18	18	of	of	ADP
gujaf-75	18	19	non	non	ADJ
gujaf-75	18	20	-	-	ADJ
gujaf-75	18	21	executive	executive	ADJ
gujaf-75	18	22	directors	director	NOUN
gujaf-75	18	23	in	in	ADP
gujaf-75	18	24	the	the	DET
gujaf-75	18	25	board	board	NOUN
gujaf-75	18	26	to	to	PART
gujaf-75	18	27	be	be	AUX
gujaf-75	18	28	greater	great	ADJ
gujaf-75	18	29	than	than	ADP
gujaf-75	18	30	the	the	DET
gujaf-75	18	31	executive	executive	ADJ
gujaf-75	18	32	directors	director	NOUN
gujaf-75	18	33	up	up	ADP
gujaf-75	18	34	to	to	ADP
gujaf-75	18	35	maximum	maximum	NOUN
gujaf-75	18	36	of	of	ADP
gujaf-75	18	37	20	20	NUM
gujaf-75	18	38	board	board	NOUN
gujaf-75	18	39	members	member	NOUN
gujaf-75	18	40	.	.	PUNCT
gujaf-75	19	1	dividend	dividend	NOUN
gujaf-75	19	2	policy	policy	NOUN
gujaf-75	19	3	is	be	AUX
gujaf-75	19	4	the	the	DET
gujaf-75	19	5	decision	decision	NOUN
gujaf-75	19	6	of	of	ADP
gujaf-75	19	7	the	the	DET
gujaf-75	19	8	board	board	NOUN
gujaf-75	19	9	to	to	PART
gujaf-75	19	10	pay	pay	VERB
gujaf-75	19	11	dividend	dividend	NOUN
gujaf-75	19	12	to	to	ADP
gujaf-75	19	13	the	the	DET
gujaf-75	19	14	shareholders	shareholder	NOUN
gujaf-75	19	15	or	or	CCONJ
gujaf-75	19	16	retain	retain	VERB
gujaf-75	19	17	the	the	DET
gujaf-75	19	18	earning	earning	NOUN
gujaf-75	19	19	in	in	ADP
gujaf-75	19	20	the	the	DET
gujaf-75	19	21	organisation	organisation	NOUN
gujaf-75	19	22	for	for	ADP
gujaf-75	19	23	further	further	ADJ
gujaf-75	19	24	investment	investment	NOUN
gujaf-75	19	25	in	in	ADP
gujaf-75	19	26	profitable	profitable	ADJ
gujaf-75	19	27	project	project	NOUN
gujaf-75	19	28	.	.	PUNCT
gujaf-75	20	1	dividend	dividend	NOUN
gujaf-75	20	2	itself	itself	PRON
gujaf-75	20	3	is	be	AUX
gujaf-75	20	4	defined	define	VERB
gujaf-75	20	5	as	as	ADP
gujaf-75	20	6	part	part	NOUN
gujaf-75	20	7	of	of	ADP
gujaf-75	20	8	organisation	organisation	NOUN
gujaf-75	20	9	profit	profit	NOUN
gujaf-75	20	10	after	after	SCONJ
gujaf-75	20	11	the	the	DET
gujaf-75	20	12	obligation	obligation	NOUN
gujaf-75	20	13	of	of	ADP
gujaf-75	20	14	all	all	DET
gujaf-75	20	15	fixed	fix	VERB
gujaf-75	20	16	income	income	NOUN
gujaf-75	20	17	holders	holder	NOUN
gujaf-75	20	18	has	have	AUX
gujaf-75	20	19	been	be	AUX
gujaf-75	20	20	met	meet	VERB
gujaf-75	20	21	(	(	PUNCT
gujaf-75	20	22	olowe	olowe	NOUN
gujaf-75	20	23	2010	2010	NUM
gujaf-75	20	24	)	)	PUNCT
gujaf-75	20	25	.	.	PUNCT
gujaf-75	21	1	it	it	PRON
gujaf-75	21	2	is	be	AUX
gujaf-75	21	3	usually	usually	ADV
gujaf-75	21	4	payable	payable	ADJ
gujaf-75	21	5	at	at	ADP
gujaf-75	21	6	the	the	DET
gujaf-75	21	7	end	end	NOUN
gujaf-75	21	8	of	of	ADP
gujaf-75	21	9	financial	financial	ADJ
gujaf-75	21	10	year	year	NOUN
gujaf-75	21	11	after	after	SCONJ
gujaf-75	21	12	the	the	DET
gujaf-75	21	13	final	final	ADJ
gujaf-75	21	14	accounts	account	NOUN
gujaf-75	21	15	are	be	AUX
gujaf-75	21	16	ready	ready	ADJ
gujaf-75	21	17	and	and	CCONJ
gujaf-75	21	18	the	the	DET
gujaf-75	21	19	mailto:daawotundunng@yahoo.com	mailto:daawotundunng@yahoo.com	PROPN
gujaf-75	21	20	gusau	gusau	PROPN
gujaf-75	21	21	journal	journal	PROPN
gujaf-75	21	22	of	of	ADP
gujaf-75	21	23	accounting	accounting	NOUN
gujaf-75	21	24	and	and	CCONJ
gujaf-75	21	25	finance	finance	NOUN
gujaf-75	21	26	,	,	PUNCT
gujaf-75	21	27	vol	vol	NOUN
gujaf-75	21	28	.	.	PROPN
gujaf-75	21	29	2	2	NUM
gujaf-75	21	30	,	,	PUNCT
gujaf-75	21	31	issue	issue	NOUN
gujaf-75	21	32	3	3	NUM
gujaf-75	21	33	,	,	PUNCT
gujaf-75	21	34	april	april	PROPN
gujaf-75	21	35	,	,	PUNCT
gujaf-75	21	36	2021	2021	NUM
gujaf-75	21	37	3	3	NUM
gujaf-75	21	38	amount	amount	NOUN
gujaf-75	21	39	of	of	ADP
gujaf-75	21	40	distributable	distributable	ADJ
gujaf-75	21	41	profits	profit	NOUN
gujaf-75	21	42	is	be	AUX
gujaf-75	21	43	available	available	ADJ
gujaf-75	21	44	.	.	PUNCT
gujaf-75	22	1	normally	normally	ADV
gujaf-75	22	2	,	,	PUNCT
gujaf-75	22	3	it	it	PRON
gujaf-75	22	4	is	be	AUX
gujaf-75	22	5	distributed	distribute	VERB
gujaf-75	22	6	among	among	ADP
gujaf-75	22	7	the	the	DET
gujaf-75	22	8	shareholders	shareholder	NOUN
gujaf-75	22	9	in	in	ADP
gujaf-75	22	10	proportion	proportion	NOUN
gujaf-75	22	11	to	to	ADP
gujaf-75	22	12	the	the	DET
gujaf-75	22	13	amount	amount	NOUN
gujaf-75	22	14	of	of	ADP
gujaf-75	22	15	paid	pay	VERB
gujaf-75	22	16	-	-	PUNCT
gujaf-75	22	17	up	up	ADP
gujaf-75	22	18	shares	share	NOUN
gujaf-75	22	19	capital	capital	NOUN
gujaf-75	22	20	.	.	PUNCT
gujaf-75	23	1	dividend	dividend	VERB
gujaf-75	23	2	for	for	ADP
gujaf-75	23	3	a	a	DET
gujaf-75	23	4	financial	financial	ADJ
gujaf-75	23	5	year	year	NOUN
gujaf-75	23	6	of	of	ADP
gujaf-75	23	7	the	the	DET
gujaf-75	23	8	company	company	NOUN
gujaf-75	23	9	is	be	AUX
gujaf-75	23	10	called	call	VERB
gujaf-75	23	11	final	final	ADJ
gujaf-75	23	12	dividend	dividend	NOUN
gujaf-75	23	13	and	and	CCONJ
gujaf-75	23	14	payable	payable	ADJ
gujaf-75	23	15	only	only	ADV
gujaf-75	23	16	if	if	SCONJ
gujaf-75	23	17	it	it	PRON
gujaf-75	23	18	is	be	AUX
gujaf-75	23	19	declared	declare	VERB
gujaf-75	23	20	by	by	ADP
gujaf-75	23	21	the	the	DET
gujaf-75	23	22	company	company	NOUN
gujaf-75	23	23	at	at	ADP
gujaf-75	23	24	its	its	PRON
gujaf-75	23	25	annual	annual	ADJ
gujaf-75	23	26	general	general	ADJ
gujaf-75	23	27	meeting	meeting	NOUN
gujaf-75	23	28	on	on	ADP
gujaf-75	23	29	the	the	DET
gujaf-75	23	30	recommendation	recommendation	NOUN
gujaf-75	23	31	of	of	ADP
gujaf-75	23	32	the	the	DET
gujaf-75	23	33	board	board	NOUN
gujaf-75	23	34	of	of	ADP
gujaf-75	23	35	directors	director	NOUN
gujaf-75	23	36	.	.	PUNCT
gujaf-75	24	1	sometimes	sometimes	ADV
gujaf-75	24	2	interim	interim	ADJ
gujaf-75	24	3	dividends	dividend	NOUN
gujaf-75	24	4	are	be	AUX
gujaf-75	24	5	also	also	ADV
gujaf-75	24	6	paid	pay	VERB
gujaf-75	24	7	by	by	ADP
gujaf-75	24	8	the	the	DET
gujaf-75	24	9	board	board	NOUN
gujaf-75	24	10	of	of	ADP
gujaf-75	24	11	directors	director	NOUN
gujaf-75	24	12	between	between	ADP
gujaf-75	24	13	two	two	NUM
gujaf-75	24	14	annual	annual	ADJ
gujaf-75	24	15	general	general	ADJ
gujaf-75	24	16	meetings	meeting	NOUN
gujaf-75	24	17	without	without	ADP
gujaf-75	24	18	declaring	declare	VERB
gujaf-75	24	19	them	they	PRON
gujaf-75	24	20	at	at	ADP
gujaf-75	24	21	an	an	DET
gujaf-75	24	22	annual	annual	ADJ
gujaf-75	24	23	general	general	ADJ
gujaf-75	24	24	meeting	meeting	NOUN
gujaf-75	24	25	.	.	PUNCT
gujaf-75	25	1	thus	thus	ADV
gujaf-75	25	2	board	board	NOUN
gujaf-75	25	3	of	of	ADP
gujaf-75	25	4	directors	director	NOUN
gujaf-75	25	5	play	play	VERB
gujaf-75	25	6	significant	significant	ADJ
gujaf-75	25	7	role	role	NOUN
gujaf-75	25	8	on	on	ADP
gujaf-75	25	9	the	the	DET
gujaf-75	25	10	recommendation	recommendation	NOUN
gujaf-75	25	11	,	,	PUNCT
gujaf-75	25	12	approval	approval	NOUN
gujaf-75	25	13	and	and	CCONJ
gujaf-75	25	14	payment	payment	NOUN
gujaf-75	25	15	of	of	ADP
gujaf-75	25	16	dividend	dividend	NOUN
gujaf-75	25	17	to	to	ADP
gujaf-75	25	18	the	the	DET
gujaf-75	25	19	stockholders	stockholder	NOUN
gujaf-75	25	20	.	.	PUNCT
gujaf-75	26	1	this	this	DET
gujaf-75	26	2	further	far	ADV
gujaf-75	26	3	suggests	suggest	VERB
gujaf-75	26	4	that	that	SCONJ
gujaf-75	26	5	the	the	DET
gujaf-75	26	6	actions	action	NOUN
gujaf-75	26	7	and	and	CCONJ
gujaf-75	26	8	attitudes	attitude	NOUN
gujaf-75	26	9	of	of	ADP
gujaf-75	26	10	board	board	NOUN
gujaf-75	26	11	of	of	ADP
gujaf-75	26	12	directors	director	NOUN
gujaf-75	26	13	determine	determine	VERB
gujaf-75	26	14	dividend	dividend	NOUN
gujaf-75	26	15	policy	policy	NOUN
gujaf-75	26	16	.	.	PUNCT
gujaf-75	27	1	consequently	consequently	ADV
gujaf-75	27	2	,	,	PUNCT
gujaf-75	27	3	there	there	PRON
gujaf-75	27	4	is	be	VERB
gujaf-75	27	5	need	need	NOUN
gujaf-75	27	6	for	for	ADP
gujaf-75	27	7	effective	effective	ADJ
gujaf-75	27	8	board	board	NOUN
gujaf-75	27	9	of	of	ADP
gujaf-75	27	10	directors	director	NOUN
gujaf-75	27	11	to	to	PART
gujaf-75	27	12	promote	promote	VERB
gujaf-75	27	13	strong	strong	ADJ
gujaf-75	27	14	governance	governance	NOUN
gujaf-75	27	15	in	in	ADP
gujaf-75	27	16	the	the	DET
gujaf-75	27	17	interest	interest	NOUN
gujaf-75	27	18	of	of	ADP
gujaf-75	27	19	shareholders	shareholder	NOUN
gujaf-75	27	20	and	and	CCONJ
gujaf-75	27	21	enhance	enhance	VERB
gujaf-75	27	22	dividend	dividend	NOUN
gujaf-75	27	23	payment	payment	NOUN
gujaf-75	27	24	in	in	ADP
gujaf-75	27	25	the	the	DET
gujaf-75	27	26	hand	hand	NOUN
gujaf-75	27	27	of	of	ADP
gujaf-75	27	28	the	the	DET
gujaf-75	27	29	shareholders	shareholder	NOUN
gujaf-75	27	30	.	.	PUNCT
gujaf-75	28	1	without	without	ADP
gujaf-75	28	2	strong	strong	ADJ
gujaf-75	28	3	governance	governance	NOUN
gujaf-75	28	4	,	,	PUNCT
gujaf-75	28	5	performance	performance	NOUN
gujaf-75	28	6	would	would	AUX
gujaf-75	28	7	be	be	AUX
gujaf-75	28	8	low	low	ADJ
gujaf-75	28	9	and	and	CCONJ
gujaf-75	28	10	the	the	DET
gujaf-75	28	11	expectation	expectation	NOUN
gujaf-75	28	12	of	of	ADP
gujaf-75	28	13	the	the	DET
gujaf-75	28	14	shareholders	shareholder	NOUN
gujaf-75	28	15	in	in	ADP
gujaf-75	28	16	term	term	NOUN
gujaf-75	28	17	of	of	ADP
gujaf-75	28	18	dividend	dividend	NOUN
gujaf-75	28	19	payment	payment	NOUN
gujaf-75	28	20	may	may	AUX
gujaf-75	28	21	be	be	AUX
gujaf-75	28	22	misplaced	misplace	VERB
gujaf-75	28	23	.	.	PUNCT
gujaf-75	29	1	(	(	PUNCT
gujaf-75	29	2	awotundun	awotundun	PROPN
gujaf-75	29	3	,	,	PUNCT
gujaf-75	29	4	arewa	arewa	PROPN
gujaf-75	29	5	&	&	CCONJ
gujaf-75	29	6	yunisa	yunisa	PROPN
gujaf-75	29	7	2017	2017	NUM
gujaf-75	29	8	)	)	PUNCT
gujaf-75	29	9	the	the	DET
gujaf-75	29	10	nexus	nexus	NOUN
gujaf-75	29	11	between	between	ADP
gujaf-75	29	12	optimal	optimal	ADJ
gujaf-75	29	13	board	board	NOUN
gujaf-75	29	14	structure	structure	NOUN
gujaf-75	29	15	and	and	CCONJ
gujaf-75	29	16	dividend	dividend	NOUN
gujaf-75	29	17	policy	policy	NOUN
gujaf-75	29	18	is	be	AUX
gujaf-75	29	19	based	base	VERB
gujaf-75	29	20	on	on	ADP
gujaf-75	29	21	agency	agency	NOUN
gujaf-75	29	22	and	and	CCONJ
gujaf-75	29	23	resource	resource	NOUN
gujaf-75	29	24	dependency	dependency	NOUN
gujaf-75	29	25	theory	theory	NOUN
gujaf-75	29	26	of	of	ADP
gujaf-75	29	27	corporate	corporate	ADJ
gujaf-75	29	28	governance	governance	NOUN
gujaf-75	29	29	.	.	PUNCT
gujaf-75	30	1	the	the	DET
gujaf-75	30	2	proponent	proponent	NOUN
gujaf-75	30	3	of	of	ADP
gujaf-75	30	4	agency	agency	NOUN
gujaf-75	30	5	theory	theory	NOUN
gujaf-75	30	6	particularly	particularly	ADV
gujaf-75	30	7	jensen	jensen	PROPN
gujaf-75	30	8	&	&	CCONJ
gujaf-75	30	9	meckling	meckling	PROPN
gujaf-75	30	10	(	(	PUNCT
gujaf-75	30	11	1976	1976	NUM
gujaf-75	30	12	)	)	PUNCT
gujaf-75	30	13	,	,	PUNCT
gujaf-75	30	14	jensen	jensen	PROPN
gujaf-75	30	15	(	(	PUNCT
gujaf-75	30	16	1993	1993	NUM
gujaf-75	30	17	)	)	PUNCT
gujaf-75	30	18	,	,	PUNCT
gujaf-75	30	19	ghosh	ghosh	PROPN
gujaf-75	30	20	(	(	PUNCT
gujaf-75	30	21	2003	2003	NUM
gujaf-75	30	22	)	)	PUNCT
gujaf-75	30	23	appear	appear	VERB
gujaf-75	30	24	to	to	PART
gujaf-75	30	25	favour	favour	VERB
gujaf-75	30	26	smaller	small	ADJ
gujaf-75	30	27	board	board	NOUN
gujaf-75	30	28	of	of	ADP
gujaf-75	30	29	directors	director	NOUN
gujaf-75	30	30	while	while	SCONJ
gujaf-75	30	31	advocate	advocate	NOUN
gujaf-75	30	32	of	of	ADP
gujaf-75	30	33	resource	resource	NOUN
gujaf-75	30	34	dependency	dependency	NOUN
gujaf-75	30	35	such	such	ADJ
gujaf-75	30	36	as	as	ADP
gujaf-75	30	37	dalton	dalton	PROPN
gujaf-75	30	38	,	,	PUNCT
gujaf-75	30	39	daily	daily	ADJ
gujaf-75	30	40	,	,	PUNCT
gujaf-75	30	41	joihnson	joihnson	NOUN
gujaf-75	30	42	,	,	PUNCT
gujaf-75	30	43	&	&	CCONJ
gujaf-75	30	44	ellstrand	ellstrand	PROPN
gujaf-75	30	45	(	(	PUNCT
gujaf-75	30	46	1999	1999	NUM
gujaf-75	30	47	)	)	PUNCT
gujaf-75	30	48	tilt	tilt	NOUN
gujaf-75	30	49	toward	toward	ADP
gujaf-75	30	50	large	large	ADJ
gujaf-75	30	51	board	board	NOUN
gujaf-75	30	52	size	size	NOUN
gujaf-75	30	53	.	.	PUNCT
gujaf-75	31	1	thus	thus	ADV
gujaf-75	31	2	the	the	DET
gujaf-75	31	3	inconsistence	inconsistence	NOUN
gujaf-75	31	4	between	between	ADP
gujaf-75	31	5	these	these	DET
gujaf-75	31	6	theories	theory	NOUN
gujaf-75	31	7	pose	pose	VERB
gujaf-75	31	8	question	question	NOUN
gujaf-75	31	9	whether	whether	SCONJ
gujaf-75	31	10	optimal	optimal	ADJ
gujaf-75	31	11	or	or	CCONJ
gujaf-75	31	12	appropriate	appropriate	ADJ
gujaf-75	31	13	board	board	NOUN
gujaf-75	31	14	structure	structure	NOUN
gujaf-75	31	15	that	that	PRON
gujaf-75	31	16	would	would	AUX
gujaf-75	31	17	improve	improve	VERB
gujaf-75	31	18	payment	payment	NOUN
gujaf-75	31	19	of	of	ADP
gujaf-75	31	20	dividend	dividend	NOUN
gujaf-75	31	21	to	to	ADP
gujaf-75	31	22	shareholders	shareholder	NOUN
gujaf-75	31	23	exists	exist	VERB
gujaf-75	31	24	.	.	PUNCT
gujaf-75	32	1	to	to	ADP
gujaf-75	32	2	the	the	DET
gujaf-75	32	3	best	good	ADJ
gujaf-75	32	4	of	of	ADP
gujaf-75	32	5	my	my	PRON
gujaf-75	32	6	knowledge	knowledge	NOUN
gujaf-75	32	7	the	the	DET
gujaf-75	32	8	question	question	NOUN
gujaf-75	32	9	appears	appear	VERB
gujaf-75	32	10	not	not	PART
gujaf-75	32	11	to	to	PART
gujaf-75	32	12	be	be	AUX
gujaf-75	32	13	adequately	adequately	ADV
gujaf-75	32	14	answered	answer	VERB
gujaf-75	32	15	particularly	particularly	ADV
gujaf-75	32	16	within	within	ADP
gujaf-75	32	17	the	the	DET
gujaf-75	32	18	content	content	NOUN
gujaf-75	32	19	of	of	ADP
gujaf-75	32	20	nigerian	nigerian	ADJ
gujaf-75	32	21	banking	banking	NOUN
gujaf-75	32	22	sector	sector	NOUN
gujaf-75	32	23	.	.	PUNCT
gujaf-75	33	1	the	the	DET
gujaf-75	33	2	main	main	ADJ
gujaf-75	33	3	objective	objective	NOUN
gujaf-75	33	4	of	of	ADP
gujaf-75	33	5	this	this	DET
gujaf-75	33	6	study	study	NOUN
gujaf-75	33	7	is	be	AUX
gujaf-75	33	8	to	to	PART
gujaf-75	33	9	test	test	VERB
gujaf-75	33	10	whether	whether	SCONJ
gujaf-75	33	11	optimal	optimal	ADJ
gujaf-75	33	12	board	board	NOUN
gujaf-75	33	13	structures	structure	NOUN
gujaf-75	33	14	that	that	PRON
gujaf-75	33	15	influence	influence	NOUN
gujaf-75	33	16	dividend	dividend	NOUN
gujaf-75	33	17	policy	policy	NOUN
gujaf-75	33	18	of	of	ADP
gujaf-75	33	19	commercial	commercial	ADJ
gujaf-75	33	20	banks	bank	NOUN
gujaf-75	33	21	in	in	ADP
gujaf-75	33	22	nigeria	nigeria	PROPN
gujaf-75	33	23	exist	exist	VERB
gujaf-75	33	24	.	.	PUNCT
gujaf-75	34	1	the	the	DET
gujaf-75	34	2	rest	rest	NOUN
gujaf-75	34	3	of	of	ADP
gujaf-75	34	4	this	this	DET
gujaf-75	34	5	paper	paper	NOUN
gujaf-75	34	6	is	be	AUX
gujaf-75	34	7	divided	divide	VERB
gujaf-75	34	8	into	into	ADP
gujaf-75	34	9	conceptual	conceptual	ADJ
gujaf-75	34	10	theoretical	theoretical	ADJ
gujaf-75	34	11	and	and	CCONJ
gujaf-75	34	12	empirical	empirical	ADJ
gujaf-75	34	13	review	review	NOUN
gujaf-75	34	14	,	,	PUNCT
gujaf-75	34	15	methodological	methodological	ADJ
gujaf-75	34	16	approach	approach	NOUN
gujaf-75	34	17	,	,	PUNCT
gujaf-75	34	18	data	datum	NOUN
gujaf-75	34	19	analysis	analysis	NOUN
gujaf-75	34	20	,	,	PUNCT
gujaf-75	34	21	discussion	discussion	NOUN
gujaf-75	34	22	of	of	ADP
gujaf-75	34	23	finding	finding	NOUN
gujaf-75	34	24	,	,	PUNCT
gujaf-75	34	25	summary	summary	NOUN
gujaf-75	34	26	,	,	PUNCT
gujaf-75	34	27	conclusion	conclusion	NOUN
gujaf-75	34	28	and	and	CCONJ
gujaf-75	34	29	recommendation	recommendation	NOUN
gujaf-75	34	30	.	.	PUNCT
gujaf-75	35	1	2	2	X
gujaf-75	35	2	.	.	X
gujaf-75	35	3	conceptual	conceptual	ADJ
gujaf-75	35	4	,	,	PUNCT
gujaf-75	35	5	theoretical	theoretical	ADJ
gujaf-75	35	6	and	and	CCONJ
gujaf-75	35	7	empirical	empirical	ADJ
gujaf-75	35	8	review	review	NOUN
gujaf-75	35	9	optimal	optimal	ADJ
gujaf-75	35	10	board	board	NOUN
gujaf-75	35	11	structure	structure	NOUN
gujaf-75	35	12	is	be	AUX
gujaf-75	35	13	defined	define	VERB
gujaf-75	35	14	in	in	ADP
gujaf-75	35	15	terms	term	NOUN
gujaf-75	35	16	of	of	ADP
gujaf-75	35	17	appropriate	appropriate	ADJ
gujaf-75	35	18	board	board	NOUN
gujaf-75	35	19	size	size	NOUN
gujaf-75	35	20	with	with	ADP
gujaf-75	35	21	greater	great	ADJ
gujaf-75	35	22	proportion	proportion	NOUN
gujaf-75	35	23	of	of	ADP
gujaf-75	35	24	independence	independence	NOUN
gujaf-75	35	25	.	.	PUNCT
gujaf-75	36	1	the	the	DET
gujaf-75	36	2	board	board	NOUN
gujaf-75	36	3	of	of	ADP
gujaf-75	36	4	directors	director	NOUN
gujaf-75	36	5	comprises	comprise	NOUN
gujaf-75	36	6	of	of	ADP
gujaf-75	36	7	executive	executive	ADJ
gujaf-75	36	8	and	and	CCONJ
gujaf-75	36	9	non	non	ADJ
gujaf-75	36	10	-	-	ADJ
gujaf-75	36	11	executive	executive	ADJ
gujaf-75	36	12	directors	director	NOUN
gujaf-75	36	13	and	and	CCONJ
gujaf-75	36	14	its	its	PRON
gujaf-75	36	15	size	size	NOUN
gujaf-75	36	16	depends	depend	VERB
gujaf-75	36	17	on	on	ADP
gujaf-75	36	18	the	the	DET
gujaf-75	36	19	complexity	complexity	NOUN
gujaf-75	36	20	of	of	ADP
gujaf-75	36	21	business	business	NOUN
gujaf-75	36	22	and	and	CCONJ
gujaf-75	36	23	availability	availability	NOUN
gujaf-75	36	24	of	of	ADP
gujaf-75	36	25	relevant	relevant	ADJ
gujaf-75	36	26	experience	experience	NOUN
gujaf-75	36	27	la	la	PRON
gujaf-75	36	28	porta	porta	PROPN
gujaf-75	36	29	,	,	PUNCT
gujaf-75	36	30	lopez	lopez	NOUN
gujaf-75	36	31	-	-	PUNCT
gujaf-75	36	32	de	de	NOUN
gujaf-75	36	33	-	-	NOUN
gujaf-75	36	34	silanes	silane	NOUN
gujaf-75	36	35	,	,	PUNCT
gujaf-75	36	36	shleifer	shleifer	PROPN
gujaf-75	36	37	,	,	PUNCT
gujaf-75	36	38	a.	a.	PROPN
gujaf-75	36	39	&	&	CCONJ
gujaf-75	36	40	vishny	vishny	PROPN
gujaf-75	36	41	(	(	PUNCT
gujaf-75	36	42	2000	2000	NUM
gujaf-75	36	43	)	)	PUNCT
gujaf-75	36	44	.	.	PUNCT
gujaf-75	37	1	the	the	DET
gujaf-75	37	2	executive	executive	ADJ
gujaf-75	37	3	directors	director	NOUN
gujaf-75	37	4	consist	consist	VERB
gujaf-75	37	5	of	of	ADP
gujaf-75	37	6	inside	inside	ADJ
gujaf-75	37	7	directors	director	NOUN
gujaf-75	37	8	who	who	PRON
gujaf-75	37	9	are	be	AUX
gujaf-75	37	10	key	key	ADJ
gujaf-75	37	11	corporate	corporate	ADJ
gujaf-75	37	12	executive	executive	NOUN
gujaf-75	37	13	of	of	ADP
gujaf-75	37	14	the	the	DET
gujaf-75	37	15	firm	firm	NOUN
gujaf-75	37	16	.	.	PUNCT
gujaf-75	38	1	non	non	PROPN
gujaf-75	38	2	executive	executive	ADJ
gujaf-75	38	3	directors	director	NOUN
gujaf-75	38	4	are	be	AUX
gujaf-75	38	5	outside	outside	ADP
gujaf-75	38	6	directors	director	NOUN
gujaf-75	38	7	and	and	CCONJ
gujaf-75	38	8	may	may	AUX
gujaf-75	38	9	include	include	VERB
gujaf-75	38	10	executives	executive	NOUN
gujaf-75	38	11	from	from	ADP
gujaf-75	38	12	other	other	ADJ
gujaf-75	38	13	companies	company	NOUN
gujaf-75	38	14	,	,	PUNCT
gujaf-75	38	15	major	major	ADJ
gujaf-75	38	16	shareholders	shareholder	NOUN
gujaf-75	38	17	,	,	PUNCT
gujaf-75	38	18	and	and	CCONJ
gujaf-75	38	19	national	national	ADJ
gujaf-75	38	20	or	or	CCONJ
gujaf-75	38	21	community	community	NOUN
gujaf-75	38	22	leaders	leader	NOUN
gujaf-75	38	23	(	(	PUNCT
gujaf-75	38	24	gitman	gitman	NOUN
gujaf-75	38	25	and	and	CCONJ
gujaf-75	38	26	zutter	zutter	NOUN
gujaf-75	38	27	,	,	PUNCT
gujaf-75	38	28	2015	2015	NUM
gujaf-75	38	29	)	)	PUNCT
gujaf-75	38	30	.	.	PUNCT
gujaf-75	39	1	appropriate	appropriate	ADJ
gujaf-75	39	2	board	board	NOUN
gujaf-75	39	3	structure	structure	NOUN
gujaf-75	39	4	is	be	AUX
gujaf-75	39	5	also	also	ADV
gujaf-75	39	6	concerned	concerned	ADJ
gujaf-75	39	7	about	about	ADP
gujaf-75	39	8	the	the	DET
gujaf-75	39	9	issue	issue	NOUN
gujaf-75	39	10	of	of	ADP
gujaf-75	39	11	board	board	NOUN
gujaf-75	39	12	independence	independence	NOUN
gujaf-75	39	13	.	.	PUNCT
gujaf-75	40	1	the	the	DET
gujaf-75	40	2	number	number	NOUN
gujaf-75	40	3	of	of	ADP
gujaf-75	40	4	non	non	ADJ
gujaf-75	40	5	-	-	ADJ
gujaf-75	40	6	executive	executive	ADJ
gujaf-75	40	7	director	director	NOUN
gujaf-75	40	8	present	present	ADJ
gujaf-75	40	9	in	in	ADP
gujaf-75	40	10	the	the	DET
gujaf-75	40	11	board	board	NOUN
gujaf-75	40	12	may	may	AUX
gujaf-75	40	13	have	have	VERB
gujaf-75	40	14	an	an	DET
gujaf-75	40	15	influence	influence	NOUN
gujaf-75	40	16	on	on	ADP
gujaf-75	40	17	shareholders	shareholder	NOUN
gujaf-75	40	18	expectation	expectation	NOUN
gujaf-75	40	19	in	in	ADP
gujaf-75	40	20	form	form	NOUN
gujaf-75	40	21	of	of	ADP
gujaf-75	40	22	dividend	dividend	NOUN
gujaf-75	40	23	payment	payment	NOUN
gujaf-75	40	24	.	.	PUNCT
gujaf-75	41	1	independent	independent	ADJ
gujaf-75	41	2	directors	director	NOUN
gujaf-75	41	3	facilitate	facilitate	VERB
gujaf-75	41	4	continual	continual	ADJ
gujaf-75	41	5	monitoring	monitoring	NOUN
gujaf-75	41	6	of	of	ADP
gujaf-75	41	7	the	the	DET
gujaf-75	41	8	firm	firm	NOUN
gujaf-75	41	9	by	by	ADP
gujaf-75	41	10	the	the	DET
gujaf-75	41	11	market	market	NOUN
gujaf-75	41	12	participants	participant	NOUN
gujaf-75	41	13	.	.	PUNCT
gujaf-75	42	1	thus	thus	ADV
gujaf-75	42	2	effective	effective	ADJ
gujaf-75	42	3	board	board	NOUN
gujaf-75	42	4	may	may	AUX
gujaf-75	42	5	help	help	VERB
gujaf-75	42	6	to	to	PART
gujaf-75	42	7	minimise	minimise	VERB
gujaf-75	42	8	the	the	DET
gujaf-75	42	9	excesses	excess	NOUN
gujaf-75	42	10	and	and	CCONJ
gujaf-75	42	11	recklessness	recklessness	NOUN
gujaf-75	42	12	of	of	ADP
gujaf-75	42	13	the	the	DET
gujaf-75	42	14	directors	director	NOUN
gujaf-75	42	15	,	,	PUNCT
gujaf-75	42	16	whereas	whereas	SCONJ
gujaf-75	42	17	ineffective	ineffective	ADJ
gujaf-75	42	18	board	board	NOUN
gujaf-75	42	19	structure	structure	NOUN
gujaf-75	42	20	may	may	AUX
gujaf-75	42	21	promote	promote	VERB
gujaf-75	42	22	unethical	unethical	ADJ
gujaf-75	42	23	behaviours	behaviour	NOUN
gujaf-75	42	24	among	among	ADP
gujaf-75	42	25	board	board	NOUN
gujaf-75	42	26	members	member	NOUN
gujaf-75	42	27	thus	thus	ADV
gujaf-75	42	28	diminish	diminish	VERB
gujaf-75	42	29	firm	firm	NOUN
gujaf-75	42	30	’s	’s	PART
gujaf-75	42	31	performance	performance	NOUN
gujaf-75	42	32	and	and	CCONJ
gujaf-75	42	33	dividend	dividend	NOUN
gujaf-75	42	34	payment	payment	NOUN
gujaf-75	42	35	(	(	PUNCT
gujaf-75	42	36	awotundun	awotundun	PROPN
gujaf-75	42	37	2016	2016	NUM
gujaf-75	42	38	)	)	PUNCT
gujaf-75	42	39	.	.	PUNCT
gujaf-75	43	1	despite	despite	SCONJ
gujaf-75	43	2	number	number	NOUN
gujaf-75	43	3	of	of	ADP
gujaf-75	43	4	impressive	impressive	ADJ
gujaf-75	43	5	and	and	CCONJ
gujaf-75	43	6	quality	quality	NOUN
gujaf-75	43	7	paper	paper	NOUN
gujaf-75	43	8	on	on	ADP
gujaf-75	43	9	board	board	NOUN
gujaf-75	43	10	of	of	ADP
gujaf-75	43	11	directors	director	NOUN
gujaf-75	43	12	the	the	DET
gujaf-75	43	13	aspect	aspect	NOUN
gujaf-75	43	14	of	of	ADP
gujaf-75	43	15	optimal	optimal	ADJ
gujaf-75	43	16	board	board	NOUN
gujaf-75	43	17	structure	structure	NOUN
gujaf-75	43	18	has	have	AUX
gujaf-75	43	19	been	be	AUX
gujaf-75	43	20	a	a	DET
gujaf-75	43	21	mirage	mirage	NOUN
gujaf-75	43	22	.	.	PUNCT
gujaf-75	44	1	agency	agency	NOUN
gujaf-75	44	2	theory	theory	NOUN
gujaf-75	44	3	stresses	stress	VERB
gujaf-75	44	4	that	that	SCONJ
gujaf-75	44	5	shareholders	shareholder	NOUN
gujaf-75	44	6	hire	hire	VERB
gujaf-75	44	7	paid	pay	VERB
gujaf-75	44	8	managers	manager	NOUN
gujaf-75	44	9	to	to	PART
gujaf-75	44	10	run	run	VERB
gujaf-75	44	11	the	the	DET
gujaf-75	44	12	affairs	affair	NOUN
gujaf-75	44	13	of	of	ADP
gujaf-75	44	14	the	the	DET
gujaf-75	44	15	company	company	NOUN
gujaf-75	44	16	and	and	CCONJ
gujaf-75	44	17	as	as	SCONJ
gujaf-75	44	18	the	the	DET
gujaf-75	44	19	managers	manager	NOUN
gujaf-75	44	20	gain	gain	VERB
gujaf-75	44	21	control	control	NOUN
gujaf-75	44	22	of	of	ADP
gujaf-75	44	23	the	the	DET
gujaf-75	44	24	corporation	corporation	NOUN
gujaf-75	44	25	,	,	PUNCT
gujaf-75	44	26	they	they	PRON
gujaf-75	44	27	pursue	pursue	VERB
gujaf-75	44	28	action	action	NOUN
gujaf-75	44	29	that	that	PRON
gujaf-75	44	30	benefit	benefit	VERB
gujaf-75	44	31	themselves	themselves	PRON
gujaf-75	44	32	and	and	CCONJ
gujaf-75	44	33	not	not	PART
gujaf-75	44	34	the	the	DET
gujaf-75	44	35	firm	firm	ADJ
gujaf-75	44	36	owners	owner	NOUN
gujaf-75	44	37	(	(	PUNCT
gujaf-75	44	38	jensen	jensen	PROPN
gujaf-75	44	39	&	&	CCONJ
gujaf-75	44	40	meckling	meckling	PROPN
gujaf-75	44	41	,	,	PUNCT
gujaf-75	44	42	1976).the	1976).the	PRON
gujaf-75	44	43	principal	principal	NOUN
gujaf-75	44	44	can	can	AUX
gujaf-75	44	45	minimise	minimise	VERB
gujaf-75	44	46	conflict	conflict	NOUN
gujaf-75	44	47	of	of	ADP
gujaf-75	44	48	his	his	PRON
gujaf-75	44	49	gusau	gusau	ADJ
gujaf-75	44	50	journal	journal	NOUN
gujaf-75	44	51	of	of	ADP
gujaf-75	44	52	accounting	accounting	NOUN
gujaf-75	44	53	and	and	CCONJ
gujaf-75	44	54	finance	finance	NOUN
gujaf-75	44	55	,	,	PUNCT
gujaf-75	44	56	vol	vol	NOUN
gujaf-75	44	57	.	.	PROPN
gujaf-75	44	58	2	2	NUM
gujaf-75	44	59	,	,	PUNCT
gujaf-75	44	60	issue	issue	NOUN
gujaf-75	44	61	3	3	NUM
gujaf-75	44	62	,	,	PUNCT
gujaf-75	44	63	april	april	PROPN
gujaf-75	44	64	,	,	PUNCT
gujaf-75	44	65	2021	2021	NUM
gujaf-75	44	66	4	4	NUM
gujaf-75	44	67	interest	interest	NOUN
gujaf-75	44	68	by	by	ADP
gujaf-75	44	69	establishing	establish	VERB
gujaf-75	44	70	appropriate	appropriate	ADJ
gujaf-75	44	71	incentives	incentive	NOUN
gujaf-75	44	72	for	for	ADP
gujaf-75	44	73	the	the	DET
gujaf-75	44	74	agent	agent	NOUN
gujaf-75	44	75	and	and	CCONJ
gujaf-75	44	76	by	by	ADP
gujaf-75	44	77	incurring	incur	VERB
gujaf-75	44	78	monitoring	monitoring	NOUN
gujaf-75	44	79	costs	cost	NOUN
gujaf-75	44	80	designed	design	VERB
gujaf-75	44	81	to	to	PART
gujaf-75	44	82	limit	limit	VERB
gujaf-75	44	83	the	the	DET
gujaf-75	44	84	aberrant	aberrant	ADJ
gujaf-75	44	85	activities	activity	NOUN
gujaf-75	44	86	of	of	ADP
gujaf-75	44	87	the	the	DET
gujaf-75	44	88	agent	agent	NOUN
gujaf-75	44	89	.	.	PUNCT
gujaf-75	45	1	in	in	ADP
gujaf-75	45	2	some	some	DET
gujaf-75	45	3	situations	situation	NOUN
gujaf-75	45	4	,	,	PUNCT
gujaf-75	45	5	the	the	DET
gujaf-75	45	6	agents	agent	NOUN
gujaf-75	45	7	may	may	AUX
gujaf-75	45	8	expend	expend	VERB
gujaf-75	45	9	resources	resource	NOUN
gujaf-75	45	10	(	(	PUNCT
gujaf-75	45	11	bonding	bonding	NOUN
gujaf-75	45	12	costs	cost	NOUN
gujaf-75	45	13	)	)	PUNCT
gujaf-75	45	14	to	to	PART
gujaf-75	45	15	guarantee	guarantee	VERB
gujaf-75	45	16	that	that	SCONJ
gujaf-75	45	17	he	he	PRON
gujaf-75	45	18	will	will	AUX
gujaf-75	45	19	not	not	PART
gujaf-75	45	20	take	take	VERB
gujaf-75	45	21	certain	certain	ADJ
gujaf-75	45	22	actions	action	NOUN
gujaf-75	45	23	which	which	PRON
gujaf-75	45	24	would	would	AUX
gujaf-75	45	25	harm	harm	VERB
gujaf-75	45	26	the	the	DET
gujaf-75	45	27	principal	principal	NOUN
gujaf-75	45	28	or	or	CCONJ
gujaf-75	45	29	compensated	compensate	VERB
gujaf-75	45	30	the	the	DET
gujaf-75	45	31	principal	principal	NOUN
gujaf-75	45	32	if	if	SCONJ
gujaf-75	45	33	he	he	PRON
gujaf-75	45	34	does	do	AUX
gujaf-75	45	35	take	take	VERB
gujaf-75	45	36	such	such	ADJ
gujaf-75	45	37	actions	action	NOUN
gujaf-75	45	38	.	.	PUNCT
gujaf-75	46	1	however	however	ADV
gujaf-75	46	2	,	,	PUNCT
gujaf-75	46	3	it	it	PRON
gujaf-75	46	4	is	be	AUX
gujaf-75	46	5	difficult	difficult	ADJ
gujaf-75	46	6	for	for	ADP
gujaf-75	46	7	the	the	DET
gujaf-75	46	8	principal	principal	NOUN
gujaf-75	46	9	or	or	CCONJ
gujaf-75	46	10	the	the	DET
gujaf-75	46	11	agent	agent	NOUN
gujaf-75	46	12	at	at	ADP
gujaf-75	46	13	zero	zero	NUM
gujaf-75	46	14	cost	cost	NOUN
gujaf-75	46	15	to	to	PART
gujaf-75	46	16	ensure	ensure	VERB
gujaf-75	46	17	that	that	SCONJ
gujaf-75	46	18	the	the	DET
gujaf-75	46	19	agent	agent	NOUN
gujaf-75	46	20	will	will	AUX
gujaf-75	46	21	make	make	VERB
gujaf-75	46	22	optimal	optimal	ADJ
gujaf-75	46	23	decisions	decision	NOUN
gujaf-75	46	24	from	from	ADP
gujaf-75	46	25	the	the	DET
gujaf-75	46	26	viewpoint	viewpoint	NOUN
gujaf-75	46	27	of	of	ADP
gujaf-75	46	28	the	the	DET
gujaf-75	46	29	principal	principal	NOUN
gujaf-75	46	30	(	(	PUNCT
gujaf-75	46	31	jensen	jensen	PROPN
gujaf-75	46	32	&	&	CCONJ
gujaf-75	46	33	meckling	meckling	PROPN
gujaf-75	46	34	,	,	PUNCT
gujaf-75	46	35	1976	1976	NUM
gujaf-75	46	36	)	)	PUNCT
gujaf-75	46	37	.	.	PUNCT
gujaf-75	47	1	in	in	ADP
gujaf-75	47	2	order	order	NOUN
gujaf-75	47	3	to	to	PART
gujaf-75	47	4	effectively	effectively	ADV
gujaf-75	47	5	minimise	minimise	VERB
gujaf-75	47	6	the	the	DET
gujaf-75	47	7	agency	agency	NOUN
gujaf-75	47	8	’s	’s	PART
gujaf-75	47	9	problems	problem	NOUN
gujaf-75	47	10	,	,	PUNCT
gujaf-75	47	11	the	the	DET
gujaf-75	47	12	theorists	theorist	NOUN
gujaf-75	47	13	advocated	advocate	VERB
gujaf-75	47	14	board	board	NOUN
gujaf-75	47	15	restructuring	restructuring	NOUN
gujaf-75	47	16	as	as	ADP
gujaf-75	47	17	an	an	DET
gujaf-75	47	18	instrument	instrument	NOUN
gujaf-75	47	19	by	by	ADP
gujaf-75	47	20	the	the	DET
gujaf-75	47	21	owners	owner	NOUN
gujaf-75	47	22	in	in	ADP
gujaf-75	47	23	subduing	subdue	VERB
gujaf-75	47	24	the	the	DET
gujaf-75	47	25	opportunistic	opportunistic	ADJ
gujaf-75	47	26	behaviour	behaviour	NOUN
gujaf-75	47	27	of	of	ADP
gujaf-75	47	28	managers	manager	NOUN
gujaf-75	47	29	(	(	PUNCT
gujaf-75	47	30	stiles	stiles	PROPN
gujaf-75	47	31	&	&	CCONJ
gujaf-75	47	32	taylor	taylor	PROPN
gujaf-75	47	33	,	,	PUNCT
gujaf-75	47	34	2001	2001	NUM
gujaf-75	47	35	)	)	PUNCT
gujaf-75	47	36	.	.	PUNCT
gujaf-75	48	1	for	for	ADP
gujaf-75	48	2	example	example	NOUN
gujaf-75	48	3	fama	fama	PROPN
gujaf-75	48	4	and	and	CCONJ
gujaf-75	48	5	jensen	jensen	PROPN
gujaf-75	48	6	,	,	PUNCT
gujaf-75	48	7	(	(	PUNCT
gujaf-75	48	8	1983	1983	NUM
gujaf-75	48	9	)	)	PUNCT
gujaf-75	48	10	suggested	suggest	VERB
gujaf-75	48	11	clear	clear	ADJ
gujaf-75	48	12	separation	separation	NOUN
gujaf-75	48	13	between	between	ADP
gujaf-75	48	14	management	management	NOUN
gujaf-75	48	15	and	and	CCONJ
gujaf-75	48	16	control	control	NOUN
gujaf-75	48	17	.	.	PUNCT
gujaf-75	49	1	similarly	similarly	ADV
gujaf-75	49	2	,	,	PUNCT
gujaf-75	49	3	agrawal	agrawal	PROPN
gujaf-75	49	4	and	and	CCONJ
gujaf-75	49	5	knoeber	knoeber	NOUN
gujaf-75	49	6	(	(	PUNCT
gujaf-75	49	7	1996	1996	NUM
gujaf-75	49	8	)	)	PUNCT
gujaf-75	49	9	,	,	PUNCT
gujaf-75	49	10	bhagat	bhagat	PROPN
gujaf-75	49	11	and	and	CCONJ
gujaf-75	49	12	black	black	ADJ
gujaf-75	49	13	(	(	PUNCT
gujaf-75	49	14	2002	2002	NUM
gujaf-75	49	15	)	)	PUNCT
gujaf-75	49	16	and	and	CCONJ
gujaf-75	49	17	petrovic	petrovic	PROPN
gujaf-75	49	18	(	(	PUNCT
gujaf-75	49	19	2008	2008	NUM
gujaf-75	49	20	)	)	PUNCT
gujaf-75	49	21	supported	support	VERB
gujaf-75	49	22	greater	great	ADJ
gujaf-75	49	23	representation	representation	NOUN
gujaf-75	49	24	of	of	ADP
gujaf-75	49	25	independent	independent	ADJ
gujaf-75	49	26	external	external	ADJ
gujaf-75	49	27	directors	director	NOUN
gujaf-75	49	28	and	and	CCONJ
gujaf-75	49	29	board	board	NOUN
gujaf-75	49	30	size	size	NOUN
gujaf-75	49	31	that	that	PRON
gujaf-75	49	32	make	make	VERB
gujaf-75	49	33	management	management	NOUN
gujaf-75	49	34	’s	’s	PART
gujaf-75	49	35	manipulation	manipulation	NOUN
gujaf-75	49	36	difficult	difficult	ADJ
gujaf-75	49	37	.	.	PUNCT
gujaf-75	50	1	resource	resource	NOUN
gujaf-75	50	2	dependency	dependency	NOUN
gujaf-75	50	3	theory	theory	NOUN
gujaf-75	50	4	was	be	AUX
gujaf-75	50	5	developed	develop	VERB
gujaf-75	50	6	by	by	ADP
gujaf-75	50	7	(	(	PUNCT
gujaf-75	50	8	pfeffer	pfeffer	PROPN
gujaf-75	50	9	,	,	PUNCT
gujaf-75	50	10	(	(	PUNCT
gujaf-75	50	11	1973	1973	NUM
gujaf-75	50	12	)	)	PUNCT
gujaf-75	50	13	and	and	CCONJ
gujaf-75	50	14	further	further	ADJ
gujaf-75	50	15	enlarge	enlarge	VERB
gujaf-75	50	16	by	by	ADP
gujaf-75	50	17	(	(	PUNCT
gujaf-75	50	18	pfeffer	pfeffer	PROPN
gujaf-75	50	19	&	&	CCONJ
gujaf-75	50	20	salancik,1978	salancik,1978	PROPN
gujaf-75	50	21	)	)	PUNCT
gujaf-75	50	22	.	.	PUNCT
gujaf-75	51	1	the	the	DET
gujaf-75	51	2	theory	theory	NOUN
gujaf-75	51	3	emphasises	emphasise	VERB
gujaf-75	51	4	the	the	DET
gujaf-75	51	5	important	important	ADJ
gujaf-75	51	6	roles	role	NOUN
gujaf-75	51	7	played	play	VERB
gujaf-75	51	8	by	by	ADP
gujaf-75	51	9	board	board	NOUN
gujaf-75	51	10	of	of	ADP
gujaf-75	51	11	directors	director	NOUN
gujaf-75	51	12	in	in	ADP
gujaf-75	51	13	providing	provide	VERB
gujaf-75	51	14	access	access	NOUN
gujaf-75	51	15	to	to	ADP
gujaf-75	51	16	crucial	crucial	ADJ
gujaf-75	51	17	resources	resource	NOUN
gujaf-75	51	18	that	that	PRON
gujaf-75	51	19	would	would	AUX
gujaf-75	51	20	enhance	enhance	VERB
gujaf-75	51	21	the	the	DET
gujaf-75	51	22	company	company	NOUN
gujaf-75	51	23	's	's	PART
gujaf-75	51	24	performance	performance	NOUN
gujaf-75	51	25	and	and	CCONJ
gujaf-75	51	26	protect	protect	VERB
gujaf-75	51	27	it	it	PRON
gujaf-75	51	28	against	against	ADP
gujaf-75	51	29	externalities	externality	NOUN
gujaf-75	51	30	(	(	PUNCT
gujaf-75	51	31	tornyeva	tornyeva	NOUN
gujaf-75	51	32	&	&	CCONJ
gujaf-75	51	33	wereko	wereko	NOUN
gujaf-75	51	34	,	,	PUNCT
gujaf-75	51	35	2012	2012	NUM
gujaf-75	51	36	)	)	PUNCT
gujaf-75	51	37	.	.	PUNCT
gujaf-75	52	1	it	it	PRON
gujaf-75	52	2	evaluates	evaluate	VERB
gujaf-75	52	3	the	the	DET
gujaf-75	52	4	board	board	NOUN
gujaf-75	52	5	of	of	ADP
gujaf-75	52	6	directors	director	NOUN
gujaf-75	52	7	through	through	ADP
gujaf-75	52	8	their	their	PRON
gujaf-75	52	9	expertise	expertise	NOUN
gujaf-75	52	10	,	,	PUNCT
gujaf-75	52	11	reputation	reputation	NOUN
gujaf-75	52	12	,	,	PUNCT
gujaf-75	52	13	value	value	NOUN
gujaf-75	52	14	added	add	VERB
gujaf-75	52	15	and	and	CCONJ
gujaf-75	52	16	link	link	VERB
gujaf-75	52	17	to	to	ADP
gujaf-75	52	18	other	other	ADJ
gujaf-75	52	19	firms	firm	NOUN
gujaf-75	52	20	;	;	PUNCT
gujaf-75	52	21	the	the	DET
gujaf-75	52	22	proponent	proponent	NOUN
gujaf-75	52	23	of	of	ADP
gujaf-75	52	24	the	the	DET
gujaf-75	52	25	theory	theory	NOUN
gujaf-75	52	26	suggests	suggest	VERB
gujaf-75	52	27	that	that	SCONJ
gujaf-75	52	28	organisation	organisation	NOUN
gujaf-75	52	29	rely	rely	VERB
gujaf-75	52	30	on	on	ADP
gujaf-75	52	31	external	external	ADJ
gujaf-75	52	32	board	board	NOUN
gujaf-75	52	33	members	member	NOUN
gujaf-75	52	34	for	for	ADP
gujaf-75	52	35	provision	provision	NOUN
gujaf-75	52	36	of	of	ADP
gujaf-75	52	37	resources	resource	NOUN
gujaf-75	52	38	.	.	PUNCT
gujaf-75	53	1	thus	thus	ADV
gujaf-75	53	2	resource	resource	NOUN
gujaf-75	53	3	dependency	dependency	NOUN
gujaf-75	53	4	theory	theory	NOUN
gujaf-75	53	5	provide	provide	VERB
gujaf-75	53	6	for	for	ADP
gujaf-75	53	7	networking	network	VERB
gujaf-75	53	8	relationships	relationship	NOUN
gujaf-75	53	9	among	among	ADP
gujaf-75	53	10	corporate	corporate	ADJ
gujaf-75	53	11	organisation	organisation	NOUN
gujaf-75	53	12	;	;	PUNCT
gujaf-75	53	13	ensure	ensure	VERB
gujaf-75	53	14	access	access	NOUN
gujaf-75	53	15	to	to	ADP
gujaf-75	53	16	critical	critical	ADJ
gujaf-75	53	17	resources	resource	NOUN
gujaf-75	53	18	for	for	ADP
gujaf-75	53	19	organisation	organisation	NOUN
gujaf-75	53	20	survival	survival	NOUN
gujaf-75	53	21	and	and	CCONJ
gujaf-75	53	22	emphasis	emphasis	NOUN
gujaf-75	53	23	on	on	ADP
gujaf-75	53	24	the	the	DET
gujaf-75	53	25	role	role	NOUN
gujaf-75	53	26	of	of	ADP
gujaf-75	53	27	the	the	DET
gujaf-75	53	28	board	board	NOUN
gujaf-75	53	29	beyond	beyond	ADP
gujaf-75	53	30	the	the	DET
gujaf-75	53	31	traditional	traditional	ADJ
gujaf-75	53	32	control	control	NOUN
gujaf-75	53	33	stipulated	stipulate	VERB
gujaf-75	53	34	by	by	ADP
gujaf-75	53	35	agency	agency	NOUN
gujaf-75	53	36	theory	theory	NOUN
gujaf-75	53	37	;	;	PUNCT
gujaf-75	53	38	but	but	CCONJ
gujaf-75	53	39	directed	direct	VERB
gujaf-75	53	40	interest	interest	NOUN
gujaf-75	53	41	to	to	ADP
gujaf-75	53	42	wide	wide	ADJ
gujaf-75	53	43	board	board	NOUN
gujaf-75	53	44	member	member	NOUN
gujaf-75	53	45	to	to	PART
gujaf-75	53	46	attract	attract	VERB
gujaf-75	53	47	resources	resource	NOUN
gujaf-75	53	48	for	for	ADP
gujaf-75	53	49	the	the	DET
gujaf-75	53	50	organisation	organisation	NOUN
gujaf-75	53	51	(	(	PUNCT
gujaf-75	53	52	m’ithiria	m’ithiria	PROPN
gujaf-75	53	53	,	,	PUNCT
gujaf-75	53	54	musyoki	musyoki	PROPN
gujaf-75	53	55	&	&	CCONJ
gujaf-75	53	56	shawa	shawa	PROPN
gujaf-75	53	57	2017	2017	NUM
gujaf-75	53	58	)	)	PUNCT
gujaf-75	53	59	.	.	PUNCT
gujaf-75	54	1	early	early	ADJ
gujaf-75	54	2	study	study	NOUN
gujaf-75	54	3	on	on	ADP
gujaf-75	54	4	dividend	dividend	NOUN
gujaf-75	54	5	policy	policy	NOUN
gujaf-75	54	6	started	start	VERB
gujaf-75	54	7	with	with	ADP
gujaf-75	54	8	the	the	DET
gujaf-75	54	9	work	work	NOUN
gujaf-75	54	10	of	of	ADP
gujaf-75	54	11	linter	linter	NOUN
gujaf-75	54	12	(	(	PUNCT
gujaf-75	54	13	1956	1956	NUM
gujaf-75	54	14	)	)	PUNCT
gujaf-75	54	15	directed	direct	VERB
gujaf-75	54	16	attention	attention	NOUN
gujaf-75	54	17	on	on	ADP
gujaf-75	54	18	specific	specific	ADJ
gujaf-75	54	19	factors	factor	NOUN
gujaf-75	54	20	such	such	ADJ
gujaf-75	54	21	as	as	ADP
gujaf-75	54	22	previous	previous	ADJ
gujaf-75	54	23	dividend	dividend	NOUN
gujaf-75	54	24	and	and	CCONJ
gujaf-75	54	25	earnings	earning	NOUN
gujaf-75	54	26	per	per	ADP
gujaf-75	54	27	share	share	NOUN
gujaf-75	54	28	as	as	ADP
gujaf-75	54	29	the	the	DET
gujaf-75	54	30	determinant	determinant	NOUN
gujaf-75	54	31	of	of	ADP
gujaf-75	54	32	dividend	dividend	NOUN
gujaf-75	54	33	policy	policy	NOUN
gujaf-75	54	34	.	.	PUNCT
gujaf-75	55	1	some	some	DET
gujaf-75	55	2	other	other	ADJ
gujaf-75	55	3	study	study	NOUN
gujaf-75	55	4	such	such	ADJ
gujaf-75	55	5	as	as	ADP
gujaf-75	55	6	the	the	DET
gujaf-75	55	7	work	work	NOUN
gujaf-75	55	8	of	of	ADP
gujaf-75	55	9	soyode	soyode	NOUN
gujaf-75	55	10	(	(	PUNCT
gujaf-75	55	11	1975	1975	NUM
gujaf-75	55	12	)	)	PUNCT
gujaf-75	55	13	,	,	PUNCT
gujaf-75	55	14	nyong	nyong	NOUN
gujaf-75	55	15	(	(	PUNCT
gujaf-75	55	16	1990	1990	NUM
gujaf-75	55	17	)	)	PUNCT
gujaf-75	55	18	,	,	PUNCT
gujaf-75	55	19	ade	ade	PROPN
gujaf-75	55	20	legan	legan	PROPN
gujaf-75	55	21	(	(	PUNCT
gujaf-75	55	22	2001	2001	NUM
gujaf-75	55	23	)	)	PUNCT
gujaf-75	55	24	and	and	CCONJ
gujaf-75	55	25	musa	musa	PROPN
gujaf-75	55	26	2009	2009	NUM
gujaf-75	55	27	found	find	VERB
gujaf-75	55	28	support	support	NOUN
gujaf-75	55	29	for	for	ADP
gujaf-75	55	30	linter	linter	NOUN
gujaf-75	55	31	(	(	PUNCT
gujaf-75	55	32	1956	1956	NUM
gujaf-75	55	33	)	)	PUNCT
gujaf-75	55	34	model	model	NOUN
gujaf-75	55	35	.	.	PUNCT
gujaf-75	56	1	current	current	ADJ
gujaf-75	56	2	literatures	literature	NOUN
gujaf-75	56	3	are	be	AUX
gujaf-75	56	4	now	now	ADV
gujaf-75	56	5	considering	consider	VERB
gujaf-75	56	6	elements	element	NOUN
gujaf-75	56	7	of	of	ADP
gujaf-75	56	8	corporate	corporate	ADJ
gujaf-75	56	9	governance	governance	NOUN
gujaf-75	56	10	particularly	particularly	ADV
gujaf-75	56	11	board	board	NOUN
gujaf-75	56	12	structure	structure	NOUN
gujaf-75	56	13	and	and	CCONJ
gujaf-75	56	14	it	it	PRON
gujaf-75	56	15	appropriateness	appropriateness	VERB
gujaf-75	56	16	.	.	PUNCT
gujaf-75	57	1	for	for	ADP
gujaf-75	57	2	instance	instance	NOUN
gujaf-75	57	3	some	some	DET
gujaf-75	57	4	authors	author	NOUN
gujaf-75	57	5	favour	favour	VERB
gujaf-75	57	6	smaller	small	ADJ
gujaf-75	57	7	board	board	NOUN
gujaf-75	57	8	of	of	ADP
gujaf-75	57	9	directors	director	NOUN
gujaf-75	57	10	why	why	SCONJ
gujaf-75	57	11	other	other	ADJ
gujaf-75	57	12	argues	argue	VERB
gujaf-75	57	13	for	for	ADP
gujaf-75	57	14	large	large	ADJ
gujaf-75	57	15	board	board	NOUN
gujaf-75	57	16	size	size	NOUN
gujaf-75	57	17	.	.	PUNCT
gujaf-75	58	1	the	the	DET
gujaf-75	58	2	advocate	advocate	NOUN
gujaf-75	58	3	of	of	ADP
gujaf-75	58	4	agency	agency	NOUN
gujaf-75	58	5	theory	theory	NOUN
gujaf-75	58	6	argued	argue	VERB
gujaf-75	58	7	that	that	SCONJ
gujaf-75	58	8	large	large	ADJ
gujaf-75	58	9	board	board	NOUN
gujaf-75	58	10	size	size	NOUN
gujaf-75	58	11	may	may	AUX
gujaf-75	58	12	give	give	VERB
gujaf-75	58	13	rise	rise	NOUN
gujaf-75	58	14	to	to	ADP
gujaf-75	58	15	excessive	excessive	ADJ
gujaf-75	58	16	compensation	compensation	NOUN
gujaf-75	58	17	,	,	PUNCT
gujaf-75	58	18	low	low	ADJ
gujaf-75	58	19	firm	firm	ADJ
gujaf-75	58	20	performance	performance	NOUN
gujaf-75	58	21	,	,	PUNCT
gujaf-75	58	22	free	free	ADJ
gujaf-75	58	23	riding	riding	NOUN
gujaf-75	58	24	,	,	PUNCT
gujaf-75	58	25	inefficient	inefficient	ADJ
gujaf-75	58	26	decision	decision	NOUN
gujaf-75	58	27	-	-	PUNCT
gujaf-75	58	28	making	making	NOUN
gujaf-75	58	29	,	,	PUNCT
gujaf-75	58	30	and	and	CCONJ
gujaf-75	58	31	weak	weak	ADJ
gujaf-75	58	32	monitoring	monitoring	NOUN
gujaf-75	58	33	(	(	PUNCT
gujaf-75	58	34	jensen	jensen	PROPN
gujaf-75	58	35	&	&	CCONJ
gujaf-75	58	36	meckling	meckling	PROPN
gujaf-75	58	37	,	,	PUNCT
gujaf-75	58	38	1976	1976	NUM
gujaf-75	58	39	;	;	PUNCT
gujaf-75	58	40	fama	fama	NOUN
gujaf-75	58	41	,	,	PUNCT
gujaf-75	58	42	1980	1980	NUM
gujaf-75	58	43	;	;	PUNCT
gujaf-75	58	44	ghosh	ghosh	PROPN
gujaf-75	58	45	,	,	PUNCT
gujaf-75	58	46	2003	2003	NUM
gujaf-75	58	47	;	;	PUNCT
gujaf-75	58	48	ali	ali	PROPN
gujaf-75	58	49	&	&	CCONJ
gujaf-75	58	50	teulon	teulon	PROPN
gujaf-75	58	51	,	,	PUNCT
gujaf-75	58	52	2014	2014	NUM
gujaf-75	58	53	;	;	PUNCT
gujaf-75	58	54	reddy	reddy	PROPN
gujaf-75	58	55	,	,	PUNCT
gujaf-75	58	56	abidin	abidin	PROPN
gujaf-75	58	57	,	,	PUNCT
gujaf-75	58	58	&	&	CCONJ
gujaf-75	58	59	you	you	PRON
gujaf-75	58	60	,	,	PUNCT
gujaf-75	58	61	2015	2015	NUM
gujaf-75	58	62	)	)	PUNCT
gujaf-75	58	63	.	.	PUNCT
gujaf-75	59	1	thus	thus	ADV
gujaf-75	59	2	chief	chief	ADJ
gujaf-75	59	3	executive	executive	ADJ
gujaf-75	59	4	officer	officer	NOUN
gujaf-75	59	5	could	could	AUX
gujaf-75	59	6	easily	easily	ADV
gujaf-75	59	7	manipulate	manipulate	VERB
gujaf-75	59	8	the	the	DET
gujaf-75	59	9	board	board	NOUN
gujaf-75	59	10	to	to	PART
gujaf-75	59	11	achieve	achieve	VERB
gujaf-75	59	12	personal	personal	ADJ
gujaf-75	59	13	interest	interest	NOUN
gujaf-75	59	14	.	.	PUNCT
gujaf-75	60	1	the	the	DET
gujaf-75	60	2	perception	perception	NOUN
gujaf-75	60	3	of	of	ADP
gujaf-75	60	4	resource	resource	NOUN
gujaf-75	60	5	dependence	dependence	NOUN
gujaf-75	60	6	theory	theory	NOUN
gujaf-75	60	7	supports	support	VERB
gujaf-75	60	8	the	the	DET
gujaf-75	60	9	inclusion	inclusion	NOUN
gujaf-75	60	10	of	of	ADP
gujaf-75	60	11	large	large	ADJ
gujaf-75	60	12	board	board	NOUN
gujaf-75	60	13	size	size	NOUN
gujaf-75	60	14	as	as	SCONJ
gujaf-75	60	15	mean	mean	VERB
gujaf-75	60	16	for	for	ADP
gujaf-75	60	17	access	access	NOUN
gujaf-75	60	18	toward	toward	ADP
gujaf-75	60	19	external	external	ADJ
gujaf-75	60	20	resources	resource	NOUN
gujaf-75	60	21	,	,	PUNCT
gujaf-75	60	22	greater	great	ADJ
gujaf-75	60	23	knowledge	knowledge	NOUN
gujaf-75	60	24	,	,	PUNCT
gujaf-75	60	25	and	and	CCONJ
gujaf-75	60	26	more	more	ADV
gujaf-75	60	27	vigorous	vigorous	ADJ
gujaf-75	60	28	skills	skill	NOUN
gujaf-75	60	29	to	to	ADP
gujaf-75	60	30	the	the	DET
gujaf-75	60	31	organization	organization	NOUN
gujaf-75	60	32	(	(	PUNCT
gujaf-75	60	33	dalton	dalton	PROPN
gujaf-75	60	34	,	,	PUNCT
gujaf-75	60	35	daily	daily	PROPN
gujaf-75	60	36	,	,	PUNCT
gujaf-75	60	37	johnson	johnson	PROPN
gujaf-75	60	38	,	,	PUNCT
gujaf-75	60	39	&	&	CCONJ
gujaf-75	60	40	ellstrand	ellstrand	NOUN
gujaf-75	60	41	,	,	PUNCT
gujaf-75	60	42	1999	1999	NUM
gujaf-75	60	43	)	)	PUNCT
gujaf-75	60	44	.	.	PUNCT
gujaf-75	61	1	in	in	ADP
gujaf-75	61	2	order	order	NOUN
gujaf-75	61	3	to	to	PART
gujaf-75	61	4	mitigate	mitigate	VERB
gujaf-75	61	5	the	the	DET
gujaf-75	61	6	inconsistency	inconsistency	NOUN
gujaf-75	61	7	concerning	concern	VERB
gujaf-75	61	8	the	the	DET
gujaf-75	61	9	optimal	optimal	ADJ
gujaf-75	61	10	board	board	NOUN
gujaf-75	61	11	structure	structure	NOUN
gujaf-75	61	12	,	,	PUNCT
gujaf-75	61	13	several	several	ADJ
gujaf-75	61	14	studies	study	NOUN
gujaf-75	61	15	are	be	AUX
gujaf-75	61	16	now	now	ADV
gujaf-75	61	17	examining	examine	VERB
gujaf-75	61	18	element	element	NOUN
gujaf-75	61	19	board	board	NOUN
gujaf-75	61	20	structure	structure	NOUN
gujaf-75	61	21	and	and	CCONJ
gujaf-75	61	22	it	it	PRON
gujaf-75	61	23	optimality	optimality	NOUN
gujaf-75	61	24	and	and	CCONJ
gujaf-75	61	25	on	on	ADP
gujaf-75	61	26	firm	firm	ADJ
gujaf-75	61	27	performance	performance	NOUN
gujaf-75	61	28	as	as	ADV
gujaf-75	61	29	well	well	ADV
gujaf-75	61	30	as	as	ADP
gujaf-75	61	31	dividend	dividend	NOUN
gujaf-75	61	32	policy	policy	NOUN
gujaf-75	61	33	.	.	PUNCT
gujaf-75	62	1	hussain	hussain	PROPN
gujaf-75	62	2	,	,	PUNCT
gujaf-75	62	3	mahfuzur	mahfuzur	PROPN
gujaf-75	62	4	&	&	CCONJ
gujaf-75	62	5	ridzuan	ridzuan	PROPN
gujaf-75	62	6	(	(	PUNCT
gujaf-75	62	7	2020	2020	NUM
gujaf-75	62	8	)	)	PUNCT
gujaf-75	62	9	examine	examine	VERB
gujaf-75	62	10	the	the	DET
gujaf-75	62	11	influence	influence	NOUN
gujaf-75	62	12	of	of	ADP
gujaf-75	62	13	board	board	NOUN
gujaf-75	62	14	traits	trait	NOUN
gujaf-75	62	15	on	on	ADP
gujaf-75	62	16	dividend	dividend	NOUN
gujaf-75	62	17	payout	payout	NOUN
gujaf-75	62	18	policy	policy	NOUN
gujaf-75	62	19	in	in	ADP
gujaf-75	62	20	malaysia	malaysia	PROPN
gujaf-75	62	21	.	.	PUNCT
gujaf-75	63	1	the	the	DET
gujaf-75	63	2	authors	author	NOUN
gujaf-75	63	3	considered	consider	VERB
gujaf-75	63	4	elements	element	NOUN
gujaf-75	63	5	board	board	NOUN
gujaf-75	63	6	structure	structure	NOUN
gujaf-75	63	7	such	such	ADJ
gujaf-75	63	8	as	as	ADP
gujaf-75	63	9	board	board	NOUN
gujaf-75	63	10	size	size	NOUN
gujaf-75	63	11	and	and	CCONJ
gujaf-75	63	12	independence	independence	NOUN
gujaf-75	63	13	as	as	ADP
gujaf-75	63	14	determinant	determinant	ADJ
gujaf-75	63	15	of	of	ADP
gujaf-75	63	16	dividend	dividend	NOUN
gujaf-75	63	17	policy	policy	NOUN
gujaf-75	63	18	using	use	VERB
gujaf-75	63	19	336	336	NUM
gujaf-75	63	20	non	non	ADJ
gujaf-75	63	21	-	-	ADJ
gujaf-75	63	22	financial	financial	ADJ
gujaf-75	63	23	firms	firm	NOUN
gujaf-75	63	24	spanning	span	VERB
gujaf-75	63	25	from	from	ADP
gujaf-75	63	26	2005	2005	NUM
gujaf-75	63	27	to	to	ADP
gujaf-75	63	28	2016	2016	NUM
gujaf-75	63	29	.	.	PUNCT
gujaf-75	64	1	findings	finding	NOUN
gujaf-75	64	2	show	show	VERB
gujaf-75	64	3	that	that	SCONJ
gujaf-75	64	4	significant	significant	ADJ
gujaf-75	64	5	positive	positive	ADJ
gujaf-75	64	6	relationship	relationship	NOUN
gujaf-75	64	7	exist	exist	VERB
gujaf-75	64	8	between	between	ADP
gujaf-75	64	9	board	board	NOUN
gujaf-75	64	10	size	size	NOUN
gujaf-75	64	11	and	and	CCONJ
gujaf-75	64	12	dividend	dividend	NOUN
gujaf-75	64	13	policy	policy	NOUN
gujaf-75	64	14	while	while	SCONJ
gujaf-75	64	15	negative	negative	ADJ
gujaf-75	64	16	but	but	CCONJ
gujaf-75	64	17	insignificant	insignificant	ADJ
gujaf-75	64	18	relationship	relationship	NOUN
gujaf-75	64	19	was	be	AUX
gujaf-75	64	20	found	find	VERB
gujaf-75	64	21	between	between	ADP
gujaf-75	64	22	number	number	NOUN
gujaf-75	64	23	of	of	ADP
gujaf-75	64	24	independent	independent	ADJ
gujaf-75	64	25	directors	director	NOUN
gujaf-75	64	26	and	and	CCONJ
gujaf-75	64	27	dividend	dividend	NOUN
gujaf-75	64	28	policy	policy	NOUN
gujaf-75	64	29	.	.	PUNCT
gujaf-75	65	1	the	the	DET
gujaf-75	65	2	authors	author	NOUN
gujaf-75	65	3	support	support	VERB
gujaf-75	65	4	larger	large	ADJ
gujaf-75	65	5	board	board	NOUN
gujaf-75	65	6	size	size	NOUN
gujaf-75	65	7	but	but	CCONJ
gujaf-75	65	8	fail	fail	VERB
gujaf-75	65	9	to	to	PART
gujaf-75	65	10	determine	determine	VERB
gujaf-75	65	11	the	the	DET
gujaf-75	65	12	optimal	optimal	ADJ
gujaf-75	65	13	board	board	NOUN
gujaf-75	65	14	size	size	NOUN
gujaf-75	65	15	among	among	ADP
gujaf-75	65	16	firms	firm	NOUN
gujaf-75	65	17	.	.	PUNCT
gujaf-75	66	1	gusau	gusau	PROPN
gujaf-75	66	2	journal	journal	PROPN
gujaf-75	66	3	of	of	ADP
gujaf-75	66	4	accounting	accounting	NOUN
gujaf-75	66	5	and	and	CCONJ
gujaf-75	66	6	finance	finance	NOUN
gujaf-75	66	7	,	,	PUNCT
gujaf-75	66	8	vol	vol	NOUN
gujaf-75	66	9	.	.	PROPN
gujaf-75	66	10	2	2	NUM
gujaf-75	66	11	,	,	PUNCT
gujaf-75	66	12	issue	issue	NOUN
gujaf-75	66	13	3	3	NUM
gujaf-75	66	14	,	,	PUNCT
gujaf-75	66	15	april	april	PROPN
gujaf-75	66	16	,	,	PUNCT
gujaf-75	66	17	2021	2021	NUM
gujaf-75	66	18	5	5	NUM
gujaf-75	66	19	mohammed	mohammed	PROPN
gujaf-75	66	20	,	,	PUNCT
gujaf-75	66	21	saleh	saleh	PROPN
gujaf-75	66	22	&	&	CCONJ
gujaf-75	66	23	islam	islam	PROPN
gujaf-75	66	24	(	(	PUNCT
gujaf-75	66	25	2020	2020	NUM
gujaf-75	66	26	)	)	PUNCT
gujaf-75	66	27	investigated	investigate	VERB
gujaf-75	66	28	board	board	NOUN
gujaf-75	66	29	characteristic	characteristic	ADJ
gujaf-75	66	30	and	and	CCONJ
gujaf-75	66	31	firm	firm	ADJ
gujaf-75	66	32	performance	performance	NOUN
gujaf-75	66	33	from	from	ADP
gujaf-75	66	34	palestinian	palestinian	ADJ
gujaf-75	66	35	listed	list	VERB
gujaf-75	66	36	companies	company	NOUN
gujaf-75	66	37	.	.	PUNCT
gujaf-75	67	1	the	the	DET
gujaf-75	67	2	study	study	NOUN
gujaf-75	67	3	focuses	focus	VERB
gujaf-75	67	4	on	on	ADP
gujaf-75	67	5	some	some	DET
gujaf-75	67	6	attribute	attribute	NOUN
gujaf-75	67	7	of	of	ADP
gujaf-75	67	8	board	board	NOUN
gujaf-75	67	9	structure	structure	NOUN
gujaf-75	67	10	among	among	ADP
gujaf-75	67	11	was	be	AUX
gujaf-75	67	12	the	the	DET
gujaf-75	67	13	size	size	NOUN
gujaf-75	67	14	of	of	ADP
gujaf-75	67	15	the	the	DET
gujaf-75	67	16	board	board	NOUN
gujaf-75	67	17	of	of	ADP
gujaf-75	67	18	directors	director	NOUN
gujaf-75	67	19	.	.	PUNCT
gujaf-75	68	1	the	the	DET
gujaf-75	68	2	authors	author	NOUN
gujaf-75	68	3	utilize	utilize	VERB
gujaf-75	68	4	150	150	NUM
gujaf-75	68	5	observations	observation	NOUN
gujaf-75	68	6	of	of	ADP
gujaf-75	68	7	non	non	ADJ
gujaf-75	68	8	-	-	ADJ
gujaf-75	68	9	financial	financial	ADJ
gujaf-75	68	10	firms	firm	NOUN
gujaf-75	68	11	listed	list	VERB
gujaf-75	68	12	on	on	ADP
gujaf-75	68	13	the	the	DET
gujaf-75	68	14	palestine	palestine	PROPN
gujaf-75	68	15	security	security	PROPN
gujaf-75	68	16	exchange	exchange	PROPN
gujaf-75	68	17	(	(	PUNCT
gujaf-75	68	18	pse	pse	NOUN
gujaf-75	68	19	)	)	PUNCT
gujaf-75	68	20	during	during	ADP
gujaf-75	68	21	the	the	DET
gujaf-75	68	22	period	period	NOUN
gujaf-75	68	23	from	from	ADP
gujaf-75	68	24	2011	2011	NUM
gujaf-75	68	25	to	to	ADP
gujaf-75	68	26	2016	2016	NUM
gujaf-75	68	27	.	.	PUNCT
gujaf-75	69	1	the	the	DET
gujaf-75	69	2	results	result	NOUN
gujaf-75	69	3	show	show	VERB
gujaf-75	69	4	that	that	SCONJ
gujaf-75	69	5	the	the	DET
gujaf-75	69	6	larger	large	ADJ
gujaf-75	69	7	the	the	DET
gujaf-75	69	8	board	board	NOUN
gujaf-75	69	9	sizes	size	VERB
gujaf-75	69	10	the	the	DET
gujaf-75	69	11	better	well	ADJ
gujaf-75	69	12	firm	firm	NOUN
gujaf-75	69	13	's	's	PART
gujaf-75	69	14	performance	performance	NOUN
gujaf-75	69	15	.	.	PUNCT
gujaf-75	70	1	moreover	moreover	ADV
gujaf-75	70	2	,	,	PUNCT
gujaf-75	70	3	the	the	DET
gujaf-75	70	4	study	study	NOUN
gujaf-75	70	5	is	be	AUX
gujaf-75	70	6	limited	limit	VERB
gujaf-75	70	7	to	to	PART
gujaf-75	70	8	board	board	VERB
gujaf-75	70	9	characteristic	characteristic	ADJ
gujaf-75	70	10	without	without	ADP
gujaf-75	70	11	considering	consider	VERB
gujaf-75	70	12	reasonable	reasonable	ADJ
gujaf-75	70	13	board	board	NOUN
gujaf-75	70	14	size	size	NOUN
gujaf-75	70	15	for	for	ADP
gujaf-75	70	16	non	non	ADJ
gujaf-75	70	17	-	-	ADJ
gujaf-75	70	18	financial	financial	ADJ
gujaf-75	70	19	listed	list	VERB
gujaf-75	70	20	firms	firm	NOUN
gujaf-75	70	21	in	in	ADP
gujaf-75	70	22	palestine	palestine	PROPN
gujaf-75	70	23	suwaidan	suwaidan	PROPN
gujaf-75	70	24	&	&	CCONJ
gujaf-75	70	25	khalaf	khalaf	PROPN
gujaf-75	70	26	(	(	PUNCT
gujaf-75	70	27	2020	2020	NUM
gujaf-75	70	28	)	)	PUNCT
gujaf-75	70	29	investigated	investigate	VERB
gujaf-75	70	30	the	the	DET
gujaf-75	70	31	effect	effect	NOUN
gujaf-75	70	32	of	of	ADP
gujaf-75	70	33	board	board	NOUN
gujaf-75	70	34	composition	composition	NOUN
gujaf-75	70	35	and	and	CCONJ
gujaf-75	70	36	ownership	ownership	NOUN
gujaf-75	70	37	structure	structure	NOUN
gujaf-75	70	38	on	on	ADP
gujaf-75	70	39	dividend	dividend	NOUN
gujaf-75	70	40	policy	policy	NOUN
gujaf-75	70	41	on	on	ADP
gujaf-75	70	42	manufacturing	manufacturing	NOUN
gujaf-75	70	43	companies	company	NOUN
gujaf-75	70	44	listed	list	VERB
gujaf-75	70	45	on	on	ADP
gujaf-75	70	46	the	the	DET
gujaf-75	70	47	amman	amman	PROPN
gujaf-75	70	48	stock	stock	PROPN
gujaf-75	70	49	exchange	exchange	PROPN
gujaf-75	70	50	for	for	ADP
gujaf-75	70	51	the	the	DET
gujaf-75	70	52	period	period	NOUN
gujaf-75	70	53	of	of	ADP
gujaf-75	70	54	2013	2013	NUM
gujaf-75	70	55	to	to	ADP
gujaf-75	70	56	2015	2015	NUM
gujaf-75	70	57	.	.	PUNCT
gujaf-75	71	1	the	the	DET
gujaf-75	71	2	study	study	NOUN
gujaf-75	71	3	employed	employ	VERB
gujaf-75	71	4	board	board	NOUN
gujaf-75	71	5	size	size	NOUN
gujaf-75	71	6	,	,	PUNCT
gujaf-75	71	7	board	board	NOUN
gujaf-75	71	8	independence	independence	NOUN
gujaf-75	71	9	represented	represent	VERB
gujaf-75	71	10	by	by	ADP
gujaf-75	71	11	percentage	percentage	NOUN
gujaf-75	71	12	of	of	ADP
gujaf-75	71	13	non	non	ADJ
gujaf-75	71	14	executive	executive	ADJ
gujaf-75	71	15	directors	director	NOUN
gujaf-75	71	16	to	to	PART
gujaf-75	71	17	board	board	NOUN
gujaf-75	71	18	size	size	NOUN
gujaf-75	71	19	,	,	PUNCT
gujaf-75	71	20	board	board	NOUN
gujaf-75	71	21	gender	gender	NOUN
gujaf-75	71	22	and	and	CCONJ
gujaf-75	71	23	duality	duality	NOUN
gujaf-75	71	24	and	and	CCONJ
gujaf-75	71	25	earnings	earning	NOUN
gujaf-75	71	26	per	per	ADP
gujaf-75	71	27	share	share	NOUN
gujaf-75	71	28	as	as	ADP
gujaf-75	71	29	its	its	PRON
gujaf-75	71	30	explanatory	explanatory	ADJ
gujaf-75	71	31	variables	variable	NOUN
gujaf-75	71	32	.	.	PUNCT
gujaf-75	72	1	panel	panel	NOUN
gujaf-75	72	2	data	data	NOUN
gujaf-75	72	3	comprises	comprise	NOUN
gujaf-75	72	4	of	of	ADP
gujaf-75	72	5	53	53	NUM
gujaf-75	72	6	quoted	quote	VERB
gujaf-75	72	7	manufacturing	manufacturing	NOUN
gujaf-75	72	8	companies	company	NOUN
gujaf-75	72	9	were	be	AUX
gujaf-75	72	10	utilised	utilise	VERB
gujaf-75	72	11	.	.	PUNCT
gujaf-75	73	1	finding	find	VERB
gujaf-75	73	2	shows	show	VERB
gujaf-75	73	3	that	that	SCONJ
gujaf-75	73	4	board	board	NOUN
gujaf-75	73	5	composition	composition	NOUN
gujaf-75	73	6	particularly	particularly	ADV
gujaf-75	73	7	percentage	percentage	NOUN
gujaf-75	73	8	of	of	ADP
gujaf-75	73	9	non	non	ADJ
gujaf-75	73	10	executive	executive	ADJ
gujaf-75	73	11	directors	director	NOUN
gujaf-75	73	12	to	to	PART
gujaf-75	73	13	board	board	NOUN
gujaf-75	73	14	size	size	NOUN
gujaf-75	73	15	was	be	AUX
gujaf-75	73	16	positive	positive	ADJ
gujaf-75	73	17	but	but	CCONJ
gujaf-75	73	18	not	not	PART
gujaf-75	73	19	significant	significant	ADJ
gujaf-75	73	20	.	.	PUNCT
gujaf-75	74	1	the	the	DET
gujaf-75	74	2	study	study	NOUN
gujaf-75	74	3	also	also	ADV
gujaf-75	74	4	finds	find	VERB
gujaf-75	74	5	earnings	earning	NOUN
gujaf-75	74	6	per	per	ADP
gujaf-75	74	7	share	share	NOUN
gujaf-75	74	8	,	,	PUNCT
gujaf-75	74	9	board	board	NOUN
gujaf-75	74	10	size	size	NOUN
gujaf-75	74	11	and	and	CCONJ
gujaf-75	74	12	duality	duality	NOUN
gujaf-75	74	13	to	to	PART
gujaf-75	74	14	be	be	AUX
gujaf-75	74	15	significant	significant	ADJ
gujaf-75	74	16	positive	positive	ADJ
gujaf-75	74	17	.	.	PUNCT
gujaf-75	75	1	however	however	ADV
gujaf-75	75	2	the	the	DET
gujaf-75	75	3	study	study	NOUN
gujaf-75	75	4	ignores	ignore	VERB
gujaf-75	75	5	the	the	DET
gujaf-75	75	6	issue	issue	NOUN
gujaf-75	75	7	of	of	ADP
gujaf-75	75	8	optimal	optimal	ADJ
gujaf-75	75	9	board	board	NOUN
gujaf-75	75	10	structure	structure	NOUN
gujaf-75	75	11	.	.	PUNCT
gujaf-75	76	1	naburi	naburi	PROPN
gujaf-75	76	2	&	&	CCONJ
gujaf-75	76	3	ndede	ndede	PROPN
gujaf-75	76	4	(	(	PUNCT
gujaf-75	76	5	2019	2019	NUM
gujaf-75	76	6	)	)	PUNCT
gujaf-75	76	7	investigated	investigate	VERB
gujaf-75	76	8	board	board	NOUN
gujaf-75	76	9	composition	composition	NOUN
gujaf-75	76	10	and	and	CCONJ
gujaf-75	76	11	dividend	dividend	NOUN
gujaf-75	76	12	decisions	decision	NOUN
gujaf-75	76	13	of	of	ADP
gujaf-75	76	14	companies	company	NOUN
gujaf-75	76	15	listed	list	VERB
gujaf-75	76	16	at	at	ADP
gujaf-75	76	17	the	the	DET
gujaf-75	76	18	nairobi	nairobi	PROPN
gujaf-75	76	19	securities	securities	PROPN
gujaf-75	76	20	exchange	exchange	PROPN
gujaf-75	76	21	kenya	kenya	PROPN
gujaf-75	76	22	.	.	PUNCT
gujaf-75	77	1	the	the	DET
gujaf-75	77	2	study	study	NOUN
gujaf-75	77	3	considers	consider	VERB
gujaf-75	77	4	board	board	NOUN
gujaf-75	77	5	structure	structure	NOUN
gujaf-75	77	6	particular	particular	PROPN
gujaf-75	77	7	board	board	NOUN
gujaf-75	77	8	independence	independence	NOUN
gujaf-75	77	9	,	,	PUNCT
gujaf-75	77	10	director	director	NOUN
gujaf-75	77	11	skill	skill	NOUN
gujaf-75	77	12	and	and	CCONJ
gujaf-75	77	13	board	board	NOUN
gujaf-75	77	14	diversity	diversity	NOUN
gujaf-75	77	15	in	in	ADP
gujaf-75	77	16	their	their	PRON
gujaf-75	77	17	variable	variable	ADJ
gujaf-75	77	18	dimensions	dimension	NOUN
gujaf-75	77	19	.	.	PUNCT
gujaf-75	78	1	the	the	DET
gujaf-75	78	2	authors	author	NOUN
gujaf-75	78	3	relied	rely	VERB
gujaf-75	78	4	on	on	ADP
gujaf-75	78	5	both	both	CCONJ
gujaf-75	78	6	primary	primary	ADJ
gujaf-75	78	7	and	and	CCONJ
gujaf-75	78	8	secondary	secondary	ADJ
gujaf-75	78	9	data	data	NOUN
gujaf-75	78	10	comprises	comprise	NOUN
gujaf-75	78	11	of	of	ADP
gujaf-75	78	12	64	64	NUM
gujaf-75	78	13	firms	firm	NOUN
gujaf-75	78	14	covering	cover	VERB
gujaf-75	78	15	2011	2011	NUM
gujaf-75	78	16	to	to	ADP
gujaf-75	78	17	2015	2015	NUM
gujaf-75	78	18	.	.	PUNCT
gujaf-75	79	1	findings	finding	NOUN
gujaf-75	79	2	from	from	ADP
gujaf-75	79	3	the	the	DET
gujaf-75	79	4	analysis	analysis	NOUN
gujaf-75	79	5	of	of	ADP
gujaf-75	79	6	the	the	DET
gujaf-75	79	7	secondary	secondary	ADJ
gujaf-75	79	8	data	datum	NOUN
gujaf-75	79	9	show	show	VERB
gujaf-75	79	10	that	that	SCONJ
gujaf-75	79	11	board	board	NOUN
gujaf-75	79	12	independence	independence	NOUN
gujaf-75	79	13	has	have	VERB
gujaf-75	79	14	negative	negative	ADJ
gujaf-75	79	15	significant	significant	ADJ
gujaf-75	79	16	relationship	relationship	NOUN
gujaf-75	79	17	with	with	ADP
gujaf-75	79	18	dividend	dividend	NOUN
gujaf-75	79	19	decision	decision	NOUN
gujaf-75	79	20	while	while	SCONJ
gujaf-75	79	21	board	board	NOUN
gujaf-75	79	22	skill	skill	NOUN
gujaf-75	79	23	and	and	CCONJ
gujaf-75	79	24	diversity	diversity	NOUN
gujaf-75	79	25	were	be	AUX
gujaf-75	79	26	positive	positive	ADJ
gujaf-75	79	27	but	but	CCONJ
gujaf-75	79	28	significant	significant	ADJ
gujaf-75	79	29	.	.	PUNCT
gujaf-75	80	1	however	however	ADV
gujaf-75	80	2	the	the	DET
gujaf-75	80	3	study	study	NOUN
gujaf-75	80	4	is	be	AUX
gujaf-75	80	5	limited	limit	VERB
gujaf-75	80	6	to	to	PART
gujaf-75	80	7	board	board	VERB
gujaf-75	80	8	composition	composition	NOUN
gujaf-75	80	9	without	without	ADP
gujaf-75	80	10	considering	consider	VERB
gujaf-75	80	11	the	the	DET
gujaf-75	80	12	optimal	optimal	ADJ
gujaf-75	80	13	board	board	NOUN
gujaf-75	80	14	structure	structure	NOUN
gujaf-75	80	15	.	.	PUNCT
gujaf-75	81	1	yahya	yahya	PROPN
gujaf-75	81	2	,	,	PUNCT
gujaf-75	81	3	ghazali	ghazali	PROPN
gujaf-75	81	4	&	&	CCONJ
gujaf-75	81	5	ntim	ntim	PROPN
gujaf-75	81	6	(	(	PUNCT
gujaf-75	81	7	2017	2017	NUM
gujaf-75	81	8	)	)	PUNCT
gujaf-75	81	9	examined	examine	VERB
gujaf-75	81	10	how	how	SCONJ
gujaf-75	81	11	board	board	NOUN
gujaf-75	81	12	governance	governance	NOUN
gujaf-75	81	13	and	and	CCONJ
gujaf-75	81	14	dividend	dividend	NOUN
gujaf-75	81	15	policy	policy	NOUN
gujaf-75	81	16	could	could	AUX
gujaf-75	81	17	influence	influence	VERB
gujaf-75	81	18	pay	pay	VERB
gujaf-75	81	19	performance	performance	NOUN
gujaf-75	81	20	link	link	NOUN
gujaf-75	81	21	in	in	ADP
gujaf-75	81	22	the	the	DET
gujaf-75	81	23	capital	capital	NOUN
gujaf-75	81	24	market	market	NOUN
gujaf-75	81	25	of	of	ADP
gujaf-75	81	26	pakistan	pakistan	PROPN
gujaf-75	81	27	.	.	PUNCT
gujaf-75	82	1	the	the	DET
gujaf-75	82	2	study	study	NOUN
gujaf-75	82	3	use	use	VERB
gujaf-75	82	4	panel	panel	NOUN
gujaf-75	82	5	data	datum	NOUN
gujaf-75	82	6	consisting	consist	VERB
gujaf-75	82	7	of	of	ADP
gujaf-75	82	8	219	219	NUM
gujaf-75	82	9	non	non	ADJ
gujaf-75	82	10	-	-	ADJ
gujaf-75	82	11	financial	financial	ADJ
gujaf-75	82	12	firms	firm	NOUN
gujaf-75	82	13	over	over	ADP
gujaf-75	82	14	the	the	DET
gujaf-75	82	15	period	period	NOUN
gujaf-75	82	16	2012–2016	2012–2016	NUM
gujaf-75	82	17	.	.	PUNCT
gujaf-75	83	1	finding	find	VERB
gujaf-75	83	2	confirms	confirm	VERB
gujaf-75	83	3	that	that	SCONJ
gujaf-75	83	4	board	board	NOUN
gujaf-75	83	5	independence	independence	NOUN
gujaf-75	83	6	and	and	CCONJ
gujaf-75	83	7	optimal	optimal	ADJ
gujaf-75	83	8	board	board	NOUN
gujaf-75	83	9	size	size	NOUN
gujaf-75	83	10	could	could	AUX
gujaf-75	83	11	positively	positively	ADV
gujaf-75	83	12	moderates	moderate	VERB
gujaf-75	83	13	the	the	DET
gujaf-75	83	14	relationship	relationship	NOUN
gujaf-75	83	15	between	between	ADP
gujaf-75	83	16	operating	operate	VERB
gujaf-75	83	17	performance	performance	NOUN
gujaf-75	83	18	and	and	CCONJ
gujaf-75	83	19	chief	chief	ADJ
gujaf-75	83	20	executive	executive	ADJ
gujaf-75	83	21	officer	officer	NOUN
gujaf-75	83	22	compensation	compensation	PROPN
gujaf-75	83	23	.	.	PUNCT
gujaf-75	84	1	however	however	ADV
gujaf-75	84	2	,	,	PUNCT
gujaf-75	84	3	the	the	DET
gujaf-75	84	4	study	study	NOUN
gujaf-75	84	5	emphasises	emphasise	VERB
gujaf-75	84	6	much	much	ADJ
gujaf-75	84	7	on	on	ADP
gujaf-75	84	8	aligning	align	VERB
gujaf-75	84	9	performance	performance	NOUN
gujaf-75	84	10	to	to	PART
gujaf-75	84	11	ceo	ceo	VERB
gujaf-75	84	12	compensation	compensation	NOUN
gujaf-75	84	13	instead	instead	ADV
gujaf-75	84	14	of	of	ADP
gujaf-75	84	15	dividend	dividend	NOUN
gujaf-75	84	16	payout	payout	NOUN
gujaf-75	84	17	to	to	ADP
gujaf-75	84	18	shareholders	shareholder	NOUN
gujaf-75	84	19	.	.	PUNCT
gujaf-75	85	1	kurawa	kurawa	PROPN
gujaf-75	85	2	and	and	CCONJ
gujaf-75	85	3	ishaku	ishaku	PROPN
gujaf-75	85	4	(	(	PUNCT
gujaf-75	85	5	2014	2014	NUM
gujaf-75	85	6	)	)	PUNCT
gujaf-75	85	7	explored	explore	VERB
gujaf-75	85	8	the	the	DET
gujaf-75	85	9	impacts	impact	NOUN
gujaf-75	85	10	of	of	ADP
gujaf-75	85	11	corporate	corporate	ADJ
gujaf-75	85	12	governance	governance	NOUN
gujaf-75	85	13	on	on	ADP
gujaf-75	85	14	dividend	dividend	NOUN
gujaf-75	85	15	policy	policy	NOUN
gujaf-75	85	16	of	of	ADP
gujaf-75	85	17	5	5	NUM
gujaf-75	85	18	commercial	commercial	ADJ
gujaf-75	85	19	banks	bank	NOUN
gujaf-75	85	20	that	that	PRON
gujaf-75	85	21	were	be	AUX
gujaf-75	85	22	listed	list	VERB
gujaf-75	85	23	as	as	ADP
gujaf-75	85	24	at	at	ADP
gujaf-75	85	25	2014	2014	NUM
gujaf-75	85	26	in	in	ADP
gujaf-75	85	27	the	the	DET
gujaf-75	85	28	nigerian	nigerian	ADJ
gujaf-75	85	29	stock	stock	NOUN
gujaf-75	85	30	exchange	exchange	NOUN
gujaf-75	85	31	over	over	ADP
gujaf-75	85	32	the	the	DET
gujaf-75	85	33	period	period	NOUN
gujaf-75	85	34	of	of	ADP
gujaf-75	85	35	2003	2003	NUM
gujaf-75	85	36	to	to	ADP
gujaf-75	85	37	2012	2012	NUM
gujaf-75	85	38	.	.	PUNCT
gujaf-75	86	1	the	the	DET
gujaf-75	86	2	study	study	NOUN
gujaf-75	86	3	considered	consider	VERB
gujaf-75	86	4	elements	element	NOUN
gujaf-75	86	5	of	of	ADP
gujaf-75	86	6	board	board	NOUN
gujaf-75	86	7	structure	structure	NOUN
gujaf-75	86	8	such	such	ADJ
gujaf-75	86	9	as	as	ADP
gujaf-75	86	10	board	board	NOUN
gujaf-75	86	11	size	size	NOUN
gujaf-75	86	12	,	,	PUNCT
gujaf-75	86	13	board	board	NOUN
gujaf-75	86	14	independence	independence	NOUN
gujaf-75	86	15	and	and	CCONJ
gujaf-75	86	16	board	board	NOUN
gujaf-75	86	17	duality	duality	NOUN
gujaf-75	86	18	in	in	ADP
gujaf-75	86	19	their	their	PRON
gujaf-75	86	20	specification	specification	NOUN
gujaf-75	86	21	.	.	PUNCT
gujaf-75	87	1	findings	finding	NOUN
gujaf-75	87	2	reveal	reveal	VERB
gujaf-75	87	3	that	that	SCONJ
gujaf-75	87	4	all	all	DET
gujaf-75	87	5	the	the	DET
gujaf-75	87	6	variables	variable	NOUN
gujaf-75	87	7	have	have	VERB
gujaf-75	87	8	positive	positive	ADJ
gujaf-75	87	9	relationship	relationship	NOUN
gujaf-75	87	10	with	with	ADP
gujaf-75	87	11	dividend	dividend	NOUN
gujaf-75	87	12	policy	policy	NOUN
gujaf-75	87	13	except	except	SCONJ
gujaf-75	87	14	board	board	NOUN
gujaf-75	87	15	independence	independence	NOUN
gujaf-75	87	16	which	which	PRON
gujaf-75	87	17	exhibited	exhibit	VERB
gujaf-75	87	18	negative	negative	ADJ
gujaf-75	87	19	sign	sign	NOUN
gujaf-75	87	20	but	but	CCONJ
gujaf-75	87	21	was	be	AUX
gujaf-75	87	22	not	not	PART
gujaf-75	87	23	significant	significant	ADJ
gujaf-75	87	24	however	however	ADV
gujaf-75	87	25	the	the	DET
gujaf-75	87	26	study	study	NOUN
gujaf-75	87	27	appears	appear	VERB
gujaf-75	87	28	to	to	PART
gujaf-75	87	29	focus	focus	VERB
gujaf-75	87	30	on	on	ADP
gujaf-75	87	31	board	board	NOUN
gujaf-75	87	32	size	size	NOUN
gujaf-75	87	33	,	,	PUNCT
gujaf-75	87	34	board	board	NOUN
gujaf-75	87	35	duality	duality	NOUN
gujaf-75	87	36	and	and	CCONJ
gujaf-75	87	37	equity	equity	NOUN
gujaf-75	87	38	holding	holding	NOUN
gujaf-75	87	39	but	but	CCONJ
gujaf-75	87	40	ignore	ignore	VERB
gujaf-75	87	41	board	board	NOUN
gujaf-75	87	42	composition	composition	NOUN
gujaf-75	87	43	as	as	ADV
gujaf-75	87	44	well	well	ADV
gujaf-75	87	45	as	as	ADP
gujaf-75	87	46	optimal	optimal	ADJ
gujaf-75	87	47	board	board	NOUN
gujaf-75	87	48	size	size	NOUN
gujaf-75	87	49	in	in	ADP
gujaf-75	87	50	nigeria	nigeria	PROPN
gujaf-75	87	51	.	.	PUNCT
gujaf-75	88	1	3	3	X
gujaf-75	88	2	.	.	X
gujaf-75	88	3	methodology	methodology	NOUN
gujaf-75	88	4	and	and	CCONJ
gujaf-75	88	5	models	model	VERB
gujaf-75	88	6	the	the	DET
gujaf-75	88	7	study	study	NOUN
gujaf-75	88	8	employs	employ	VERB
gujaf-75	88	9	panel	panel	NOUN
gujaf-75	88	10	data	datum	NOUN
gujaf-75	88	11	which	which	PRON
gujaf-75	88	12	is	be	AUX
gujaf-75	88	13	made	make	VERB
gujaf-75	88	14	up	up	ADP
gujaf-75	88	15	of	of	ADP
gujaf-75	88	16	time	time	NOUN
gujaf-75	88	17	series	series	NOUN
gujaf-75	88	18	and	and	CCONJ
gujaf-75	88	19	cross	cross	VERB
gujaf-75	88	20	sectional	sectional	ADJ
gujaf-75	88	21	data	datum	NOUN
gujaf-75	88	22	.	.	PUNCT
gujaf-75	89	1	panel	panel	NOUN
gujaf-75	89	2	data	datum	NOUN
gujaf-75	89	3	could	could	AUX
gujaf-75	89	4	be	be	AUX
gujaf-75	89	5	generated	generate	VERB
gujaf-75	89	6	by	by	ADP
gujaf-75	89	7	pooling	pool	VERB
gujaf-75	89	8	time	time	NOUN
gujaf-75	89	9	-	-	PUNCT
gujaf-75	89	10	series	series	NOUN
gujaf-75	89	11	observations	observation	NOUN
gujaf-75	89	12	across	across	ADP
gujaf-75	89	13	a	a	DET
gujaf-75	89	14	variety	variety	NOUN
gujaf-75	89	15	of	of	ADP
gujaf-75	89	16	cross	cross	ADJ
gujaf-75	89	17	-	-	ADJ
gujaf-75	89	18	sectional	sectional	ADJ
gujaf-75	89	19	gusau	gusau	ADJ
gujaf-75	89	20	journal	journal	NOUN
gujaf-75	89	21	of	of	ADP
gujaf-75	89	22	accounting	accounting	NOUN
gujaf-75	89	23	and	and	CCONJ
gujaf-75	89	24	finance	finance	NOUN
gujaf-75	89	25	,	,	PUNCT
gujaf-75	89	26	vol	vol	NOUN
gujaf-75	89	27	.	.	PROPN
gujaf-75	89	28	2	2	NUM
gujaf-75	89	29	,	,	PUNCT
gujaf-75	89	30	issue	issue	NOUN
gujaf-75	89	31	3	3	NUM
gujaf-75	89	32	,	,	PUNCT
gujaf-75	89	33	april	april	PROPN
gujaf-75	89	34	,	,	PUNCT
gujaf-75	89	35	2021	2021	NUM
gujaf-75	89	36	6	6	NUM
gujaf-75	89	37	units	unit	NOUN
gujaf-75	89	38	.	.	PUNCT
gujaf-75	90	1	the	the	DET
gujaf-75	90	2	sample	sample	NOUN
gujaf-75	90	3	size	size	NOUN
gujaf-75	90	4	comprises	comprise	NOUN
gujaf-75	90	5	of	of	ADP
gujaf-75	90	6	8	8	NUM
gujaf-75	90	7	deposit	deposit	NOUN
gujaf-75	90	8	money	money	NOUN
gujaf-75	90	9	banks	bank	NOUN
gujaf-75	90	10	that	that	PRON
gujaf-75	90	11	have	have	VERB
gujaf-75	90	12	record	record	NOUN
gujaf-75	90	13	of	of	ADP
gujaf-75	90	14	dividend	dividend	NOUN
gujaf-75	90	15	payment	payment	NOUN
gujaf-75	90	16	between	between	ADP
gujaf-75	90	17	periods	period	NOUN
gujaf-75	90	18	of	of	ADP
gujaf-75	90	19	2010	2010	NUM
gujaf-75	90	20	to	to	ADP
gujaf-75	90	21	2019	2019	NUM
gujaf-75	90	22	.	.	PUNCT
gujaf-75	91	1	the	the	DET
gujaf-75	91	2	study	study	NOUN
gujaf-75	91	3	specifies	specify	VERB
gujaf-75	91	4	the	the	DET
gujaf-75	91	5	following	following	ADJ
gujaf-75	91	6	model	model	NOUN
gujaf-75	91	7	which	which	PRON
gujaf-75	91	8	is	be	AUX
gujaf-75	91	9	consistent	consistent	ADJ
gujaf-75	91	10	to	to	ADP
gujaf-75	91	11	general	general	ADJ
gujaf-75	91	12	form	form	NOUN
gujaf-75	91	13	of	of	ADP
gujaf-75	91	14	panel	panel	NOUN
gujaf-75	91	15	data	datum	NOUN
gujaf-75	91	16	model	model	NOUN
gujaf-75	91	17	as	as	SCONJ
gujaf-75	91	18	follows	follow	VERB
gujaf-75	91	19	:	:	PUNCT
gujaf-75	91	20	optimal	optimal	ADJ
gujaf-75	91	21	board	board	NOUN
gujaf-75	91	22	structure	structure	NOUN
gujaf-75	91	23	and	and	CCONJ
gujaf-75	91	24	dividend	dividend	NOUN
gujaf-75	91	25	policy	policy	NOUN
gujaf-75	91	26	0	0	NUM
gujaf-75	92	1	i	i	PRON
gujaf-75	92	2	t	t	VERB
gujaf-75	92	3	1	1	NUM
gujaf-75	92	4	it	it	PRON
gujaf-75	92	5	2	2	NUM
gujaf-75	93	1	it	it	PRON
gujaf-75	93	2	3	3	NUM
gujaf-75	93	3	it	it	PRON
gujaf-75	93	4	1	1	NUM
gujaf-75	93	5	2	2	NUM
gujaf-75	93	6	1	1	NUM
gujaf-75	93	7	9	9	NUM
gujaf-75	93	8	it1	it1	NOUN
gujaf-75	94	1	d	d	NOUN
gujaf-75	94	2	p	p	X
gujaf-75	94	3	s	s	PROPN
gujaf-75	94	4	lo	lo	NOUN
gujaf-75	94	5	g	g	PROPN
gujaf-75	94	6	lo	lo	PROPN
gujaf-75	95	1	g	g	PROPN
gujaf-75	95	2	ep	ep	PROPN
gujaf-75	95	3	s	s	PROPN
gujaf-75	95	4	+	+	NUM
gujaf-75	95	5	b	b	PROPN
gujaf-75	95	6	s	s	PART
gujaf-75	95	7	1	1	NUM
gujaf-75	95	8	0	0	NUM
gujaf-75	95	9	+	+	CCONJ
gujaf-75	95	10	1	1	NUM
gujaf-75	95	11	1	1	NUM
gujaf-75	95	12	+	+	CCONJ
gujaf-75	95	13	......	......	PUNCT
gujaf-75	95	14	1	1	NUM
gujaf-75	95	15	9	9	NUM
gujaf-75	95	16	+	+	CCONJ
gujaf-75	95	17	............	............	PUNCT
gujaf-75	95	18	(	(	PUNCT
gujaf-75	95	19	1	1	X
gujaf-75	95	20	)	)	PUNCT
gujaf-75	95	21	i	i	PRON
gujaf-75	95	22	t	t	VERB
gujaf-75	96	1	i	i	PRON
gujaf-75	96	2	t	t	X
gujaf-75	97	1	i	i	PRON
gujaf-75	97	2	t	t	PROPN
gujaf-75	97	3	exd	exd	NOUN
gujaf-75	97	4	n	n	PROPN
gujaf-75	97	5	exd	exd	NOUN
gujaf-75	98	1	d	d	X
gujaf-75	98	2	u	u	NOUN
gujaf-75	98	3	m	m	PROPN
gujaf-75	98	4	d	d	X
gujaf-75	98	5	u	u	NOUN
gujaf-75	98	6	m	m	PROPN
gujaf-75	98	7	b	b	NOUN
gujaf-75	98	8	s	s	X
gujaf-75	98	9	d	d	X
gujaf-75	98	10	u	u	NOUN
gujaf-75	98	11	m	m	PROPN
gujaf-75	98	12	b	b	PROPN
gujaf-75	98	13	s	s	PART
gujaf-75	98	14			ADJ
gujaf-75	98	15			PROPN
gujaf-75	98	16			PROPN
gujaf-75	98	17			PROPN
gujaf-75	98	18			PROPN
gujaf-75	98	19			PROPN
gujaf-75	98	20			PROPN
gujaf-75	98	21			NOUN
gujaf-75	98	22			NOUN
gujaf-75	98	23			ADV
gujaf-75	98	24			PUNCT
gujaf-75	98	25			PUNCT
gujaf-75	98	26			NUM
gujaf-75	98	27			NOUN
gujaf-75	98	28			NOUN
gujaf-75	98	29	0	0	NUM
gujaf-75	99	1	i	i	PRON
gujaf-75	99	2	t	t	VERB
gujaf-75	99	3	1	1	NUM
gujaf-75	99	4	it	it	PRON
gujaf-75	99	5	2	2	NUM
gujaf-75	100	1	it	it	PRON
gujaf-75	100	2	3	3	NUM
gujaf-75	100	3	it	it	PRON
gujaf-75	100	4	1	1	NUM
gujaf-75	100	5	2	2	NUM
gujaf-75	100	6	3	3	NUM
gujaf-75	100	7	4	4	NUM
gujaf-75	100	8	2	2	NUM
gujaf-75	100	9	it1	it1	NOUN
gujaf-75	101	1	d	d	NOUN
gujaf-75	101	2	p	p	X
gujaf-75	101	3	s	s	PROPN
gujaf-75	101	4	lo	lo	NOUN
gujaf-75	101	5	g	g	PROPN
gujaf-75	101	6	lo	lo	PROPN
gujaf-75	102	1	g	g	PROPN
gujaf-75	102	2	ep	ep	PROPN
gujaf-75	102	3	s	s	PROPN
gujaf-75	102	4	+	+	NUM
gujaf-75	102	5	b	b	PROPN
gujaf-75	102	6	s	s	PART
gujaf-75	102	7	6	6	NUM
gujaf-75	102	8	8	8	NUM
gujaf-75	102	9	+	+	CCONJ
gujaf-75	102	10	b	b	NOUN
gujaf-75	102	11	s	s	NOUN
gujaf-75	102	12	9	9	NUM
gujaf-75	102	13	1	1	NUM
gujaf-75	102	14	1	1	NUM
gujaf-75	102	15	b	b	NOUN
gujaf-75	102	16	s	s	NOUN
gujaf-75	102	17	1	1	NUM
gujaf-75	102	18	2	2	NUM
gujaf-75	102	19	1	1	NUM
gujaf-75	102	20	4	4	NUM
gujaf-75	102	21	b	b	NOUN
gujaf-75	102	22	s	s	NOUN
gujaf-75	102	23	1	1	NUM
gujaf-75	102	24	5	5	NUM
gujaf-75	102	25	1	1	NUM
gujaf-75	102	26	7	7	NUM
gujaf-75	102	27	b	b	NOUN
gujaf-75	102	28	s	s	PART
gujaf-75	102	29	1	1	NUM
gujaf-75	102	30	8	8	NUM
gujaf-75	102	31	2	2	NUM
gujaf-75	102	32	0	0	NUM
gujaf-75	103	1	+	+	CCONJ
gujaf-75	103	2	............	............	PUNCT
gujaf-75	103	3	(	(	PUNCT
gujaf-75	103	4	2	2	X
gujaf-75	103	5	)	)	PUNCT
gujaf-75	103	6	i	i	PRON
gujaf-75	103	7	t	t	VERB
gujaf-75	104	1	i	i	PRON
gujaf-75	104	2	t	t	X
gujaf-75	105	1	i	i	PRON
gujaf-75	105	2	t	t	X
gujaf-75	106	1	i	i	PRON
gujaf-75	106	2	t	t	X
gujaf-75	107	1	i	i	PRON
gujaf-75	107	2	t	t	PROPN
gujaf-75	107	3	exd	exd	NOUN
gujaf-75	107	4	n	n	PROPN
gujaf-75	107	5	exd	exd	NOUN
gujaf-75	108	1	d	d	X
gujaf-75	108	2	u	u	NOUN
gujaf-75	108	3	m	m	PROPN
gujaf-75	108	4	d	d	X
gujaf-75	108	5	u	u	NOUN
gujaf-75	108	6	m	m	NOUN
gujaf-75	108	7	d	d	X
gujaf-75	108	8	u	u	NOUN
gujaf-75	108	9	m	m	NOUN
gujaf-75	108	10	d	d	X
gujaf-75	108	11	u	u	NOUN
gujaf-75	108	12	m	m	NOUN
gujaf-75	108	13	d	d	X
gujaf-75	108	14	u	u	X
gujaf-75	108	15	m	m	PROPN
gujaf-75	108	16			ADJ
gujaf-75	108	17			PROPN
gujaf-75	108	18			PROPN
gujaf-75	108	19			PROPN
gujaf-75	108	20			PROPN
gujaf-75	108	21			PROPN
gujaf-75	108	22			PROPN
gujaf-75	108	23			PROPN
gujaf-75	108	24			PROPN
gujaf-75	108	25			NOUN
gujaf-75	108	26			NOUN
gujaf-75	108	27			ADV
gujaf-75	108	28			CCONJ
gujaf-75	108	29			PUNCT
gujaf-75	108	30			X
gujaf-75	108	31			PROPN
gujaf-75	108	32			PART
gujaf-75	108	33			PROPN
gujaf-75	108	34			SYM
gujaf-75	108	35			NUM
gujaf-75	108	36			PROPN
gujaf-75	108	37			SYM
gujaf-75	108	38			NUM
gujaf-75	108	39			PROPN
gujaf-75	108	40			SYM
gujaf-75	108	41			NUM
gujaf-75	108	42			NOUN
gujaf-75	108	43	i	i	PRON
gujaf-75	108	44	t1	t1	VERB
gujaf-75	108	45	1	1	NUM
gujaf-75	108	46	=	=	SYM
gujaf-75	108	47	  	  	SPACE
gujaf-75	108	48	..	..	PUNCT
gujaf-75	108	49	.	.	PUNCT
gujaf-75	108	50	.	.	PUNCT
gujaf-75	108	51	.	.	PUNCT
gujaf-75	108	52	.	.	PUNCT
gujaf-75	108	53	.	.	PUNCT
gujaf-75	108	54	.	.	PUNCT
gujaf-75	108	55	.	.	PUNCT
gujaf-75	108	56	.	.	PUNCT
gujaf-75	108	57	.	.	PUNCT
gujaf-75	108	58	.	.	PUNCT
gujaf-75	108	59	.	.	PUNCT
gujaf-75	108	60	.	.	PUNCT
gujaf-75	109	1	.(3	.(3	PUNCT
gujaf-75	109	2	)	)	PUNCT
gujaf-75	110	1	i	i	PRON
gujaf-75	110	2	t	t	VERB
gujaf-75	111	1	i	i	PRON
gujaf-75	111	2	t	t	NOUN
gujaf-75	111	3	d	d	NUM
gujaf-75	111	4			NOUN
gujaf-75	111	5			NOUN
gujaf-75	111	6			NOUN
gujaf-75	111	7			VERB
gujaf-75	111	8	where	where	SCONJ
gujaf-75	111	9	dpsit	dpsit	NOUN
gujaf-75	111	10	=	=	PUNCT
gujaf-75	111	11	dividend	dividend	NOUN
gujaf-75	111	12	per	per	ADP
gujaf-75	111	13	share	share	NOUN
gujaf-75	111	14	denote	denote	VERB
gujaf-75	111	15	total	total	ADJ
gujaf-75	111	16	dividend	dividend	NOUN
gujaf-75	111	17	divided	divide	VERB
gujaf-75	111	18	by	by	ADP
gujaf-75	111	19	total	total	ADJ
gujaf-75	111	20	shareholding	shareholding	NOUN
gujaf-75	111	21	outstanding	outstanding	ADJ
gujaf-75	111	22	logexdit	logexdit	NOUN
gujaf-75	111	23	=	=	SYM
gujaf-75	111	24	executive	executive	ADJ
gujaf-75	111	25	directors	director	NOUN
gujaf-75	111	26	represents	represent	VERB
gujaf-75	111	27	number	number	NOUN
gujaf-75	111	28	of	of	ADP
gujaf-75	111	29	executive	executive	ADJ
gujaf-75	111	30	directors	director	NOUN
gujaf-75	111	31	present	present	ADJ
gujaf-75	111	32	in	in	ADP
gujaf-75	111	33	the	the	DET
gujaf-75	111	34	board	board	NOUN
gujaf-75	111	35	,	,	PUNCT
gujaf-75	111	36	lognexdit	lognexdit	NOUN
gujaf-75	111	37	=	=	PUNCT
gujaf-75	111	38	non	non	ADJ
gujaf-75	111	39	executive	executive	ADJ
gujaf-75	111	40	directors	director	NOUN
gujaf-75	111	41	represents	represent	VERB
gujaf-75	111	42	number	number	NOUN
gujaf-75	111	43	of	of	ADP
gujaf-75	111	44	non	non	ADJ
gujaf-75	111	45	executive	executive	ADJ
gujaf-75	111	46	directors	director	NOUN
gujaf-75	111	47	present	present	ADJ
gujaf-75	111	48	in	in	ADP
gujaf-75	111	49	the	the	DET
gujaf-75	111	50	board	board	NOUN
gujaf-75	111	51	and	and	CCONJ
gujaf-75	111	52	denote	denote	PROPN
gujaf-75	111	53	board	board	NOUN
gujaf-75	111	54	independence	independence	NOUN
gujaf-75	111	55	(	(	PUNCT
gujaf-75	111	56	epsit	epsit	VERB
gujaf-75	111	57	)	)	PUNCT
gujaf-75	112	1	=	=	PRON
gujaf-75	112	2	represent	represent	VERB
gujaf-75	112	3	the	the	DET
gujaf-75	112	4	earnings	earning	NOUN
gujaf-75	112	5	per	per	ADP
gujaf-75	112	6	share	share	NOUN
gujaf-75	112	7	and	and	CCONJ
gujaf-75	112	8	it	it	PRON
gujaf-75	112	9	is	be	AUX
gujaf-75	112	10	the	the	DET
gujaf-75	112	11	control	control	NOUN
gujaf-75	112	12	variable	variable	NOUN
gujaf-75	112	13	.	.	PUNCT
gujaf-75	113	1	dumbs≤10,dumbs≤11	dumbs≤10,dumbs≤11	VERB
gujaf-75	113	2	.....	.....	PUNCT
gujaf-75	114	1	dumbs≤19	dumbs≤19	PROPN
gujaf-75	114	2	=	=	PUNCT
gujaf-75	114	3	are	be	AUX
gujaf-75	114	4	various	various	ADJ
gujaf-75	114	5	level	level	NOUN
gujaf-75	114	6	of	of	ADP
gujaf-75	114	7	optimal	optimal	ADJ
gujaf-75	114	8	board	board	NOUN
gujaf-75	114	9	size	size	NOUN
gujaf-75	114	10	for	for	ADP
gujaf-75	114	11	the	the	DET
gujaf-75	114	12	study	study	NOUN
gujaf-75	114	13	.	.	PUNCT
gujaf-75	115	1	optimal	optimal	ADJ
gujaf-75	115	2	board	board	NOUN
gujaf-75	115	3	size	size	NOUN
gujaf-75	115	4	denotes	denote	NOUN
gujaf-75	115	5	by	by	ADP
gujaf-75	115	6	dummy	dummy	NOUN
gujaf-75	115	7	where	where	SCONJ
gujaf-75	115	8	board	board	NOUN
gujaf-75	115	9	size	size	NOUN
gujaf-75	115	10	fall	fall	VERB
gujaf-75	115	11	within	within	ADP
gujaf-75	115	12	the	the	DET
gujaf-75	115	13	values	value	NOUN
gujaf-75	115	14	and	and	CCONJ
gujaf-75	115	15	ranges	range	NOUN
gujaf-75	115	16	specified	specify	VERB
gujaf-75	115	17	it	it	PRON
gujaf-75	115	18	is	be	AUX
gujaf-75	115	19	one	one	NUM
gujaf-75	115	20	otherwise	otherwise	ADV
gujaf-75	115	21	it	it	PRON
gujaf-75	115	22	zero	zero	NUM
gujaf-75	115	23	.	.	PUNCT
gujaf-75	116	1	the	the	DET
gujaf-75	116	2	dummy	dummy	NOUN
gujaf-75	116	3	is	be	AUX
gujaf-75	116	4	specified	specify	VERB
gujaf-75	116	5	as	as	ADP
gujaf-75	116	6	a	a	DET
gujaf-75	116	7	whole	whole	ADJ
gujaf-75	116	8	number	number	NOUN
gujaf-75	116	9	in	in	ADP
gujaf-75	116	10	equation	equation	NOUN
gujaf-75	116	11	(	(	PUNCT
gujaf-75	116	12	1	1	X
gujaf-75	116	13	)	)	PUNCT
gujaf-75	116	14	while	while	SCONJ
gujaf-75	116	15	equation	equation	NOUN
gujaf-75	116	16	(	(	PUNCT
gujaf-75	116	17	2	2	X
gujaf-75	116	18	)	)	PUNCT
gujaf-75	116	19	specified	specify	VERB
gujaf-75	116	20	the	the	DET
gujaf-75	116	21	dummy	dummy	NOUN
gujaf-75	116	22	as	as	ADP
gujaf-75	116	23	a	a	DET
gujaf-75	116	24	range	range	NOUN
gujaf-75	116	25	of	of	ADP
gujaf-75	116	26	value	value	NOUN
gujaf-75	116	27	.	.	PUNCT
gujaf-75	117	1	µit1	µit1	PROPN
gujaf-75	117	2	is	be	AUX
gujaf-75	117	3	a	a	DET
gujaf-75	117	4	normal	normal	ADJ
gujaf-75	117	5	distributed	distribute	VERB
gujaf-75	117	6	random	random	ADJ
gujaf-75	117	7	error	error	NOUN
gujaf-75	117	8	which	which	PRON
gujaf-75	117	9	is	be	AUX
gujaf-75	117	10	decomposed	decompose	VERB
gujaf-75	117	11	into	into	ADP
gujaf-75	117	12	unobserved	unobserved	ADJ
gujaf-75	117	13	heterogeneity	heterogeneity	NOUN
gujaf-75	117	14	effect	effect	NOUN
gujaf-75	117	15	between	between	ADP
gujaf-75	117	16	banks	bank	NOUN
gujaf-75	117	17	µi	µi	ADV
gujaf-75	117	18	and	and	CCONJ
gujaf-75	117	19	the	the	DET
gujaf-75	117	20	time	time	NOUN
gujaf-75	117	21	effect	effect	NOUN
gujaf-75	117	22	µt	µt	X
gujaf-75	117	23	while	while	SCONJ
gujaf-75	117	24	1i	1i	NOUN
gujaf-75	117	25	t	t	PROPN
gujaf-75	117	26			PROPN
gujaf-75	117	27	represents	represent	VERB
gujaf-75	117	28	time	time	NOUN
gujaf-75	117	29	varying	vary	VERB
gujaf-75	117	30	error	error	NOUN
gujaf-75	117	31	term	term	NOUN
gujaf-75	117	32	.	.	PUNCT
gujaf-75	118	1	1	1	NUM
gujaf-75	118	2	2	2	NUM
gujaf-75	118	3	1	1	NUM
gujaf-75	118	4	9	9	NUM
gujaf-75	118	5	,	,	PUNCT
gujaf-75	118	6	.	.	PUNCT
gujaf-75	118	7	.	.	PUNCT
gujaf-75	118	8	.	.	PUNCT
gujaf-75	118	9	.	.	PUNCT
gujaf-75	118	10	.	.	PUNCT
gujaf-75	119	1	.	.	PROPN
gujaf-75	120	1			PROPN
gujaf-75	120	2			PROPN
gujaf-75	120	3	are	be	AUX
gujaf-75	120	4	set	set	VERB
gujaf-75	120	5	of	of	ADP
gujaf-75	120	6	parameters	parameter	NOUN
gujaf-75	120	7	to	to	PART
gujaf-75	120	8	be	be	AUX
gujaf-75	120	9	estimated	estimate	VERB
gujaf-75	120	10	,	,	PUNCT
gujaf-75	120	11	subscript	subscript	NOUN
gujaf-75	120	12	i	i	PRON
gujaf-75	120	13	is	be	AUX
gujaf-75	120	14	denoted	denote	VERB
gujaf-75	120	15	by	by	ADP
gujaf-75	120	16	banks	bank	NOUN
gujaf-75	120	17	and	and	CCONJ
gujaf-75	120	18	time	time	NOUN
gujaf-75	120	19	period	period	NOUN
gujaf-75	120	20	is	be	AUX
gujaf-75	120	21	denoted	denote	VERB
gujaf-75	120	22	by	by	ADP
gujaf-75	120	23	t.	t.	PROPN
gujaf-75	120	24	the	the	DET
gujaf-75	120	25	a	a	DET
gujaf-75	120	26	priori	priori	ADJ
gujaf-75	120	27	expectation	expectation	NOUN
gujaf-75	120	28	1	1	NUM
gujaf-75	120	29	2	2	NUM
gujaf-75	120	30	1	1	NUM
gujaf-75	120	31	9	9	NUM
gujaf-75	120	32	,	,	PUNCT
gujaf-75	120	33	.	.	PUNCT
gujaf-75	120	34	.	.	PUNCT
gujaf-75	120	35	.	.	PUNCT
gujaf-75	120	36	.	.	PUNCT
gujaf-75	120	37	.	.	PUNCT
gujaf-75	121	1	.	.	PROPN
gujaf-75	122	1			PROPN
gujaf-75	122	2			PROPN
gujaf-75	122	3	>	>	X
gujaf-75	122	4	0	0	PUNCT
gujaf-75	123	1	the	the	DET
gujaf-75	123	2	data	data	NOUN
gujaf-75	123	3	sets	set	NOUN
gujaf-75	123	4	for	for	ADP
gujaf-75	123	5	the	the	DET
gujaf-75	123	6	study	study	NOUN
gujaf-75	123	7	were	be	AUX
gujaf-75	123	8	obtained	obtain	VERB
gujaf-75	123	9	from	from	ADP
gujaf-75	123	10	the	the	DET
gujaf-75	123	11	annual	annual	ADJ
gujaf-75	123	12	reports	report	NOUN
gujaf-75	123	13	and	and	CCONJ
gujaf-75	123	14	statement	statement	NOUN
gujaf-75	123	15	of	of	ADP
gujaf-75	123	16	accounts	account	NOUN
gujaf-75	123	17	of	of	ADP
gujaf-75	123	18	dmbs	dmb	NOUN
gujaf-75	123	19	in	in	ADP
gujaf-75	123	20	nigeria	nigeria	PROPN
gujaf-75	123	21	for	for	ADP
gujaf-75	123	22	the	the	DET
gujaf-75	123	23	period	period	NOUN
gujaf-75	123	24	of	of	ADP
gujaf-75	123	25	10	10	NUM
gujaf-75	123	26	years	year	NOUN
gujaf-75	123	27	beginning	begin	VERB
gujaf-75	123	28	from	from	ADP
gujaf-75	123	29	2010	2010	NUM
gujaf-75	123	30	to	to	ADP
gujaf-75	123	31	2019	2019	NUM
gujaf-75	123	32	.	.	PUNCT
gujaf-75	124	1	the	the	DET
gujaf-75	124	2	data	datum	NOUN
gujaf-75	124	3	collected	collect	VERB
gujaf-75	124	4	are	be	AUX
gujaf-75	124	5	on	on	ADP
gujaf-75	124	6	dividend	dividend	NOUN
gujaf-75	124	7	per	per	ADP
gujaf-75	124	8	share	share	NOUN
gujaf-75	124	9	,	,	PUNCT
gujaf-75	124	10	executive	executive	ADJ
gujaf-75	124	11	directors	director	NOUN
gujaf-75	124	12	,	,	PUNCT
gujaf-75	124	13	non	non	X
gujaf-75	124	14	executive	executive	ADJ
gujaf-75	124	15	directors	director	NOUN
gujaf-75	124	16	and	and	CCONJ
gujaf-75	124	17	earnings	earning	NOUN
gujaf-75	124	18	per	per	ADP
gujaf-75	124	19	share	share	NOUN
gujaf-75	124	20	while	while	SCONJ
gujaf-75	124	21	dummy	dummy	ADJ
gujaf-75	124	22	were	be	AUX
gujaf-75	124	23	used	use	VERB
gujaf-75	124	24	to	to	PART
gujaf-75	124	25	define	define	VERB
gujaf-75	124	26	various	various	ADJ
gujaf-75	124	27	level	level	NOUN
gujaf-75	124	28	of	of	ADP
gujaf-75	124	29	optimal	optimal	ADJ
gujaf-75	124	30	board	board	NOUN
gujaf-75	124	31	size	size	NOUN
gujaf-75	124	32	.	.	PUNCT
gujaf-75	125	1	4	4	X
gujaf-75	125	2	.	.	NOUN
gujaf-75	125	3	results	result	NOUN
gujaf-75	125	4	and	and	CCONJ
gujaf-75	125	5	findings	finding	VERB
gujaf-75	125	6	the	the	DET
gujaf-75	125	7	descriptive	descriptive	ADJ
gujaf-75	125	8	statistics	statistic	NOUN
gujaf-75	125	9	show	show	VERB
gujaf-75	125	10	the	the	DET
gujaf-75	125	11	mean	mean	ADJ
gujaf-75	125	12	,	,	PUNCT
gujaf-75	125	13	standard	standard	ADJ
gujaf-75	125	14	deviation	deviation	NOUN
gujaf-75	125	15	,	,	PUNCT
gujaf-75	125	16	minimum	minimum	ADJ
gujaf-75	125	17	and	and	CCONJ
gujaf-75	125	18	maximum	maximum	ADJ
gujaf-75	125	19	values	value	NOUN
gujaf-75	125	20	of	of	ADP
gujaf-75	125	21	the	the	DET
gujaf-75	125	22	variable	variable	ADJ
gujaf-75	125	23	series	series	NOUN
gujaf-75	125	24	specified	specify	VERB
gujaf-75	125	25	for	for	ADP
gujaf-75	125	26	the	the	DET
gujaf-75	125	27	study	study	NOUN
gujaf-75	125	28	.	.	PUNCT
gujaf-75	126	1	the	the	DET
gujaf-75	126	2	summary	summary	NOUN
gujaf-75	126	3	of	of	ADP
gujaf-75	126	4	these	these	DET
gujaf-75	126	5	statistics	statistic	NOUN
gujaf-75	126	6	are	be	AUX
gujaf-75	126	7	presented	present	VERB
gujaf-75	126	8	in	in	ADP
gujaf-75	126	9	table	table	NOUN
gujaf-75	126	10	1	1	NUM
gujaf-75	126	11	as	as	SCONJ
gujaf-75	126	12	follows	follow	VERB
gujaf-75	126	13	:	:	PUNCT
gujaf-75	126	14	table	table	NOUN
gujaf-75	126	15	1	1	NUM
gujaf-75	126	16	:	:	PUNCT
gujaf-75	126	17	descriptive	descriptive	ADJ
gujaf-75	126	18	statistical	statistical	ADJ
gujaf-75	126	19	values	value	NOUN
gujaf-75	126	20	variables	variable	NOUN
gujaf-75	126	21	dps	dps	PROPN
gujaf-75	126	22	exd	exd	PROPN
gujaf-75	126	23	ned	ned	PROPN
gujaf-75	126	24	eps	eps	PROPN
gujaf-75	126	25	mean	mean	PROPN
gujaf-75	126	26	0.5279018	0.5279018	NUM
gujaf-75	126	27	5.330357	5.330357	NUM
gujaf-75	126	28	8.276786	8.276786	NUM
gujaf-75	126	29	0	0	NUM
gujaf-75	126	30	.8773357	.8773357	NOUN
gujaf-75	126	31	std	std	NOUN
gujaf-75	126	32	deviation	deviation	NOUN
gujaf-75	126	33	0	0	NUM
gujaf-75	126	34	.5898002	.5898002	NOUN
gujaf-75	126	35	2.085507	2.085507	NUM
gujaf-75	126	36	1.781839	1.781839	NUM
gujaf-75	126	37	2.103986	2.103986	NUM
gujaf-75	126	38	minimum	minimum	NOUN
gujaf-75	126	39	0	0	NUM
gujaf-75	126	40	1	1	NUM
gujaf-75	126	41	2	2	NUM
gujaf-75	126	42	-13.57	-13.57	PUNCT
gujaf-75	126	43	maximum	maximum	ADJ
gujaf-75	126	44	2.8	2.8	NUM
gujaf-75	126	45	9	9	NUM
gujaf-75	126	46	12	12	NUM
gujaf-75	126	47	8.74	8.74	NUM
gujaf-75	126	48	source	source	NOUN
gujaf-75	126	49	:	:	PUNCT
gujaf-75	126	50	stata	stata	PROPN
gujaf-75	126	51	output	output	NOUN
gujaf-75	126	52	,	,	PUNCT
gujaf-75	126	53	2020	2020	NUM
gujaf-75	126	54	table	table	NOUN
gujaf-75	126	55	1	1	NUM
gujaf-75	126	56	reveals	reveal	VERB
gujaf-75	126	57	that	that	SCONJ
gujaf-75	126	58	all	all	DET
gujaf-75	126	59	the	the	DET
gujaf-75	126	60	variables	variable	NOUN
gujaf-75	126	61	dps	dps	NOUN
gujaf-75	126	62	,	,	PUNCT
gujaf-75	126	63	exd	exd	PROPN
gujaf-75	126	64	,	,	PUNCT
gujaf-75	126	65	ned	ned	NOUN
gujaf-75	126	66	and	and	CCONJ
gujaf-75	126	67	eps	eps	PROPN
gujaf-75	126	68	have	have	VERB
gujaf-75	126	69	positive	positive	ADJ
gujaf-75	126	70	mean	mean	NOUN
gujaf-75	126	71	value	value	NOUN
gujaf-75	126	72	exhibit	exhibit	NOUN
gujaf-75	126	73	increasing	increase	VERB
gujaf-75	126	74	tendency	tendency	NOUN
gujaf-75	126	75	throughout	throughout	ADP
gujaf-75	126	76	the	the	DET
gujaf-75	126	77	sampling	sampling	NOUN
gujaf-75	126	78	period	period	NOUN
gujaf-75	126	79	.	.	PUNCT
gujaf-75	127	1	the	the	DET
gujaf-75	127	2	average	average	ADJ
gujaf-75	127	3	value	value	NOUN
gujaf-75	127	4	of	of	ADP
gujaf-75	127	5	dividend	dividend	NOUN
gujaf-75	127	6	per	per	ADP
gujaf-75	127	7	share	share	NOUN
gujaf-75	127	8	(	(	PUNCT
gujaf-75	127	9	dps	dps	NOUN
gujaf-75	127	10	)	)	PUNCT
gujaf-75	127	11	is	be	AUX
gujaf-75	127	12	approximately	approximately	ADV
gujaf-75	127	13	0.53	0.53	NUM
gujaf-75	127	14	;	;	PUNCT
gujaf-75	127	15	while	while	SCONJ
gujaf-75	127	16	that	that	PRON
gujaf-75	127	17	of	of	ADP
gujaf-75	127	18	earnings	earning	NOUN
gujaf-75	127	19	per	per	ADP
gujaf-75	127	20	share	share	NOUN
gujaf-75	127	21	(	(	PUNCT
gujaf-75	127	22	eps	eps	PROPN
gujaf-75	127	23	)	)	PUNCT
gujaf-75	127	24	is	be	AUX
gujaf-75	127	25	0.88	0.88	NUM
gujaf-75	127	26	.	.	PUNCT
gujaf-75	128	1	it	it	PRON
gujaf-75	128	2	is	be	AUX
gujaf-75	128	3	obvious	obvious	ADJ
gujaf-75	128	4	that	that	SCONJ
gujaf-75	128	5	gusau	gusau	ADJ
gujaf-75	128	6	journal	journal	NOUN
gujaf-75	128	7	of	of	ADP
gujaf-75	128	8	accounting	accounting	NOUN
gujaf-75	128	9	and	and	CCONJ
gujaf-75	128	10	finance	finance	NOUN
gujaf-75	128	11	,	,	PUNCT
gujaf-75	128	12	vol	vol	NOUN
gujaf-75	128	13	.	.	PROPN
gujaf-75	128	14	2	2	NUM
gujaf-75	128	15	,	,	PUNCT
gujaf-75	128	16	issue	issue	NOUN
gujaf-75	128	17	3	3	NUM
gujaf-75	128	18	,	,	PUNCT
gujaf-75	128	19	april	april	PROPN
gujaf-75	128	20	,	,	PUNCT
gujaf-75	128	21	2021	2021	NUM
gujaf-75	128	22	7	7	NUM
gujaf-75	128	23	banks	bank	NOUN
gujaf-75	128	24	paid	pay	VERB
gujaf-75	128	25	dividend	dividend	NOUN
gujaf-75	128	26	out	out	ADP
gujaf-75	128	27	of	of	ADP
gujaf-75	128	28	profit	profit	NOUN
gujaf-75	128	29	to	to	ADP
gujaf-75	128	30	shareholders	shareholder	NOUN
gujaf-75	128	31	.	.	PUNCT
gujaf-75	129	1	in	in	ADP
gujaf-75	129	2	addition	addition	NOUN
gujaf-75	129	3	,	,	PUNCT
gujaf-75	129	4	dividend	dividend	NOUN
gujaf-75	129	5	per	per	ADP
gujaf-75	129	6	share	share	NOUN
gujaf-75	129	7	ranges	range	VERB
gujaf-75	129	8	between	between	ADP
gujaf-75	129	9	0	0	NUM
gujaf-75	129	10	to	to	ADP
gujaf-75	129	11	2.8	2.8	NUM
gujaf-75	129	12	revealing	reveal	VERB
gujaf-75	129	13	that	that	SCONJ
gujaf-75	129	14	there	there	PRON
gujaf-75	129	15	are	be	VERB
gujaf-75	129	16	instances	instance	NOUN
gujaf-75	129	17	where	where	SCONJ
gujaf-75	129	18	dividends	dividend	NOUN
gujaf-75	129	19	are	be	AUX
gujaf-75	129	20	not	not	PART
gujaf-75	129	21	paid	pay	VERB
gujaf-75	129	22	and	and	CCONJ
gujaf-75	129	23	the	the	DET
gujaf-75	129	24	maximum	maximum	ADJ
gujaf-75	129	25	dividend	dividend	NOUN
gujaf-75	129	26	paid	pay	VERB
gujaf-75	129	27	during	during	ADP
gujaf-75	129	28	the	the	DET
gujaf-75	129	29	period	period	NOUN
gujaf-75	129	30	of	of	ADP
gujaf-75	129	31	investigation	investigation	NOUN
gujaf-75	129	32	is	be	AUX
gujaf-75	129	33	2.8	2.8	NUM
gujaf-75	129	34	kobo	kobo	NOUN
gujaf-75	129	35	per	per	ADP
gujaf-75	129	36	share	share	NOUN
gujaf-75	129	37	.	.	PUNCT
gujaf-75	130	1	earnings	earning	NOUN
gujaf-75	130	2	per	per	ADP
gujaf-75	130	3	share	share	NOUN
gujaf-75	130	4	also	also	ADV
gujaf-75	130	5	range	range	VERB
gujaf-75	130	6	between	between	ADP
gujaf-75	130	7	-13.57	-13.57	PROPN
gujaf-75	130	8	to	to	ADP
gujaf-75	130	9	8.74	8.74	NUM
gujaf-75	130	10	.	.	PUNCT
gujaf-75	131	1	showing	show	VERB
gujaf-75	131	2	evidences	evidence	NOUN
gujaf-75	131	3	of	of	ADP
gujaf-75	131	4	losses	loss	NOUN
gujaf-75	131	5	and	and	CCONJ
gujaf-75	131	6	gains	gain	NOUN
gujaf-75	131	7	in	in	ADP
gujaf-75	131	8	the	the	DET
gujaf-75	131	9	banking	banking	NOUN
gujaf-75	131	10	sector	sector	NOUN
gujaf-75	131	11	.	.	PUNCT
gujaf-75	132	1	in	in	ADP
gujaf-75	132	2	addition	addition	NOUN
gujaf-75	132	3	,	,	PUNCT
gujaf-75	132	4	the	the	DET
gujaf-75	132	5	earnings	earning	NOUN
gujaf-75	132	6	per	per	ADP
gujaf-75	132	7	share	share	NOUN
gujaf-75	132	8	(	(	PUNCT
gujaf-75	132	9	eps	eps	PROPN
gujaf-75	132	10	)	)	PUNCT
gujaf-75	132	11	,	,	PUNCT
gujaf-75	132	12	executive	executive	ADJ
gujaf-75	132	13	directors	director	NOUN
gujaf-75	132	14	(	(	PUNCT
gujaf-75	132	15	exd	exd	PROPN
gujaf-75	132	16	)	)	PUNCT
gujaf-75	132	17	and	and	CCONJ
gujaf-75	132	18	non	non	ADJ
gujaf-75	132	19	executive	executive	ADJ
gujaf-75	132	20	directors	director	NOUN
gujaf-75	132	21	(	(	PUNCT
gujaf-75	132	22	ned	ned	PROPN
gujaf-75	132	23	)	)	PUNCT
gujaf-75	132	24	appear	appear	VERB
gujaf-75	132	25	to	to	PART
gujaf-75	132	26	be	be	AUX
gujaf-75	132	27	more	more	ADV
gujaf-75	132	28	volatile	volatile	ADJ
gujaf-75	132	29	with	with	ADP
gujaf-75	132	30	standard	standard	ADJ
gujaf-75	132	31	deviation	deviation	NOUN
gujaf-75	132	32	of	of	ADP
gujaf-75	132	33	2.10	2.10	NUM
gujaf-75	132	34	,	,	PUNCT
gujaf-75	132	35	2.09	2.09	NUM
gujaf-75	132	36	,	,	PUNCT
gujaf-75	132	37	and	and	CCONJ
gujaf-75	132	38	1.78	1.78	NUM
gujaf-75	132	39	respectively	respectively	ADV
gujaf-75	132	40	than	than	ADP
gujaf-75	132	41	the	the	DET
gujaf-75	132	42	dividend	dividend	NOUN
gujaf-75	132	43	per	per	ADP
gujaf-75	132	44	share	share	NOUN
gujaf-75	132	45	(	(	PUNCT
gujaf-75	132	46	dps	dps	NOUN
gujaf-75	132	47	)	)	PUNCT
gujaf-75	132	48	.	.	PUNCT
gujaf-75	133	1	this	this	PRON
gujaf-75	133	2	suggests	suggest	VERB
gujaf-75	133	3	that	that	SCONJ
gujaf-75	133	4	the	the	DET
gujaf-75	133	5	independence	independence	NOUN
gujaf-75	133	6	variables	variable	NOUN
gujaf-75	133	7	are	be	AUX
gujaf-75	133	8	frequently	frequently	ADV
gujaf-75	133	9	changes	change	NOUN
gujaf-75	133	10	but	but	CCONJ
gujaf-75	133	11	dividend	dividend	VERB
gujaf-75	133	12	payment	payment	NOUN
gujaf-75	133	13	to	to	ADP
gujaf-75	133	14	shareholders	shareholder	NOUN
gujaf-75	133	15	is	be	AUX
gujaf-75	133	16	fairly	fairly	ADV
gujaf-75	133	17	static	static	ADJ
gujaf-75	133	18	.	.	PUNCT
gujaf-75	134	1	this	this	PRON
gujaf-75	134	2	implies	imply	VERB
gujaf-75	134	3	that	that	SCONJ
gujaf-75	134	4	some	some	DET
gujaf-75	134	5	banks	bank	NOUN
gujaf-75	134	6	pay	pay	VERB
gujaf-75	134	7	same	same	ADJ
gujaf-75	134	8	dividend	dividend	NOUN
gujaf-75	134	9	over	over	ADP
gujaf-75	134	10	years	year	NOUN
gujaf-75	134	11	.	.	PUNCT
gujaf-75	135	1	again	again	ADV
gujaf-75	135	2	the	the	DET
gujaf-75	135	3	executive	executive	ADJ
gujaf-75	135	4	directors	director	NOUN
gujaf-75	135	5	(	(	PUNCT
gujaf-75	135	6	exd	exd	PROPN
gujaf-75	135	7	)	)	PUNCT
gujaf-75	135	8	ranges	range	VERB
gujaf-75	135	9	from	from	ADP
gujaf-75	135	10	minimum	minimum	NOUN
gujaf-75	135	11	of	of	ADP
gujaf-75	135	12	1	1	NUM
gujaf-75	135	13	to	to	PART
gujaf-75	135	14	9	9	NUM
gujaf-75	135	15	at	at	ADP
gujaf-75	135	16	maximum	maximum	ADJ
gujaf-75	135	17	while	while	SCONJ
gujaf-75	135	18	the	the	DET
gujaf-75	135	19	non	non	X
gujaf-75	135	20	executive	executive	ADJ
gujaf-75	135	21	directors	director	NOUN
gujaf-75	135	22	(	(	PUNCT
gujaf-75	135	23	ned	ned	NOUN
gujaf-75	135	24	)	)	PUNCT
gujaf-75	135	25	comprises	comprise	NOUN
gujaf-75	135	26	of	of	ADP
gujaf-75	135	27	minimum	minimum	NOUN
gujaf-75	135	28	of	of	ADP
gujaf-75	135	29	2	2	NUM
gujaf-75	135	30	to	to	PART
gujaf-75	135	31	maximum	maximum	NOUN
gujaf-75	135	32	of	of	ADP
gujaf-75	135	33	12	12	NUM
gujaf-75	135	34	.	.	PUNCT
gujaf-75	136	1	this	this	PRON
gujaf-75	136	2	confirm	confirm	VERB
gujaf-75	136	3	that	that	SCONJ
gujaf-75	136	4	the	the	DET
gujaf-75	136	5	non	non	ADJ
gujaf-75	136	6	executive	executive	ADJ
gujaf-75	136	7	directors	director	NOUN
gujaf-75	136	8	present	present	ADJ
gujaf-75	136	9	in	in	ADP
gujaf-75	136	10	the	the	DET
gujaf-75	136	11	board	board	NOUN
gujaf-75	136	12	is	be	AUX
gujaf-75	136	13	greater	great	ADJ
gujaf-75	136	14	the	the	DET
gujaf-75	136	15	executive	executive	ADJ
gujaf-75	136	16	directors	director	NOUN
gujaf-75	136	17	and	and	CCONJ
gujaf-75	136	18	is	be	AUX
gujaf-75	136	19	in	in	ADP
gujaf-75	136	20	agreement	agreement	NOUN
gujaf-75	136	21	with	with	ADP
gujaf-75	136	22	provision	provision	NOUN
gujaf-75	136	23	of	of	ADP
gujaf-75	136	24	code	code	NOUN
gujaf-75	136	25	of	of	ADP
gujaf-75	136	26	corporate	corporate	ADJ
gujaf-75	136	27	governance	governance	NOUN
gujaf-75	136	28	.	.	PUNCT
gujaf-75	137	1	the	the	DET
gujaf-75	137	2	study	study	NOUN
gujaf-75	137	3	conducts	conduct	VERB
gujaf-75	137	4	breuesch	breuesch	NOUN
gujaf-75	137	5	and	and	CCONJ
gujaf-75	137	6	pegan	pegan	PROPN
gujaf-75	137	7	langrangian	langrangian	PROPN
gujaf-75	137	8	multiplier	multipli	ADJ
gujaf-75	137	9	test	test	NOUN
gujaf-75	137	10	to	to	PART
gujaf-75	137	11	check	check	VERB
gujaf-75	137	12	for	for	ADP
gujaf-75	137	13	appropriate	appropriate	ADJ
gujaf-75	137	14	model	model	NOUN
gujaf-75	137	15	between	between	ADP
gujaf-75	137	16	pool	pool	NOUN
gujaf-75	137	17	and	and	CCONJ
gujaf-75	137	18	random	random	ADJ
gujaf-75	137	19	effect	effect	NOUN
gujaf-75	137	20	.	.	PUNCT
gujaf-75	138	1	table	table	NOUN
gujaf-75	138	2	2	2	NUM
gujaf-75	138	3	:	:	PUNCT
gujaf-75	138	4	breuesch	breuesch	PROPN
gujaf-75	138	5	pegan	pegan	PROPN
gujaf-75	138	6	langrangian	langrangian	PROPN
gujaf-75	138	7	multiplier	multipli	ADJ
gujaf-75	138	8	test	test	NOUN
gujaf-75	138	9	for	for	ADP
gujaf-75	138	10	random	random	ADJ
gujaf-75	138	11	effects	effect	NOUN
gujaf-75	138	12	estimated	estimate	VERB
gujaf-75	138	13	results	result	NOUN
gujaf-75	138	14	var	var	VERB
gujaf-75	138	15	sd	sd	NOUN
gujaf-75	138	16	=	=	NOUN
gujaf-75	138	17	sqrt(var	sqrt(var	NOUN
gujaf-75	138	18	)	)	PUNCT
gujaf-75	138	19	dps	dps	NOUN
gujaf-75	138	20	0	0	NUM
gujaf-75	138	21	.	.	PUNCT
gujaf-75	139	1	.3478643	.3478643	PROPN
gujaf-75	139	2	0	0	NUM
gujaf-75	139	3	.	.	PUNCT
gujaf-75	140	1	.5898002	.5898002	PROPN
gujaf-75	141	1	e	e	X
gujaf-75	141	2	0	0	PROPN
gujaf-75	141	3	.	.	PUNCT
gujaf-75	142	1	.1344417	.1344417	NOUN
gujaf-75	142	2	0	0	NUM
gujaf-75	142	3	.	.	PUNCT
gujaf-75	143	1	.3666629	.3666629	PUNCT
gujaf-75	143	2	u	u	NOUN
gujaf-75	143	3	0	0	NUM
gujaf-75	143	4	0	0	NUM
gujaf-75	143	5	test	test	NOUN
gujaf-75	143	6	:	:	PUNCT
gujaf-75	144	1	var(u	var(u	X
gujaf-75	144	2	)	)	PUNCT
gujaf-75	144	3	=	=	SYM
gujaf-75	144	4	0	0	NUM
gujaf-75	145	1	chibar2	chibar2	NOUN
gujaf-75	145	2	(	(	PUNCT
gujaf-75	145	3	01	01	NUM
gujaf-75	145	4	)	)	PUNCT
gujaf-75	145	5	=	=	SYM
gujaf-75	145	6	0.00	0.00	NUM
gujaf-75	145	7	probability	probability	NOUN
gujaf-75	145	8	>	>	X
gujaf-75	145	9	chibar2	chibar2	X
gujaf-75	146	1	=	=	SYM
gujaf-75	146	2	1.000	1.000	NUM
gujaf-75	146	3	table	table	NOUN
gujaf-75	146	4	2	2	NUM
gujaf-75	146	5	reveals	reveal	VERB
gujaf-75	146	6	the	the	DET
gujaf-75	146	7	result	result	NOUN
gujaf-75	146	8	of	of	ADP
gujaf-75	146	9	breuesch	breuesch	NOUN
gujaf-75	146	10	and	and	CCONJ
gujaf-75	146	11	pegan	pegan	PROPN
gujaf-75	146	12	langrangian	langrangian	PROPN
gujaf-75	146	13	multiplier	multipli	ADJ
gujaf-75	146	14	test	test	NOUN
gujaf-75	146	15	between	between	ADP
gujaf-75	146	16	pool	pool	NOUN
gujaf-75	146	17	and	and	CCONJ
gujaf-75	146	18	random	random	ADJ
gujaf-75	146	19	effects	effect	NOUN
gujaf-75	146	20	.	.	PUNCT
gujaf-75	147	1	the	the	DET
gujaf-75	147	2	chibar2	chibar2	PROPN
gujaf-75	147	3	statistics	statistic	NOUN
gujaf-75	147	4	has	have	VERB
gujaf-75	147	5	probability	probability	NOUN
gujaf-75	147	6	value	value	NOUN
gujaf-75	147	7	of	of	ADP
gujaf-75	147	8	(	(	PUNCT
gujaf-75	147	9	1.000	1.000	NUM
gujaf-75	147	10	)	)	PUNCT
gujaf-75	147	11	which	which	PRON
gujaf-75	147	12	is	be	AUX
gujaf-75	147	13	greater	great	ADJ
gujaf-75	147	14	than	than	ADP
gujaf-75	147	15	5	5	NUM
gujaf-75	147	16	%	%	NOUN
gujaf-75	147	17	.	.	PUNCT
gujaf-75	148	1	this	this	PRON
gujaf-75	148	2	confirm	confirm	VERB
gujaf-75	148	3	that	that	SCONJ
gujaf-75	148	4	pool	pool	NOUN
gujaf-75	148	5	effects	effect	NOUN
gujaf-75	148	6	model	model	NOUN
gujaf-75	148	7	is	be	AUX
gujaf-75	148	8	appropriate	appropriate	ADJ
gujaf-75	148	9	than	than	ADP
gujaf-75	148	10	the	the	DET
gujaf-75	148	11	random	random	ADJ
gujaf-75	148	12	effects	effect	NOUN
gujaf-75	148	13	.	.	PUNCT
gujaf-75	149	1	thus	thus	ADV
gujaf-75	149	2	the	the	DET
gujaf-75	149	3	study	study	NOUN
gujaf-75	149	4	relies	rely	VERB
gujaf-75	149	5	on	on	ADP
gujaf-75	149	6	the	the	DET
gujaf-75	149	7	result	result	NOUN
gujaf-75	149	8	of	of	ADP
gujaf-75	149	9	the	the	DET
gujaf-75	149	10	pool	pool	NOUN
gujaf-75	149	11	model	model	NOUN
gujaf-75	149	12	to	to	PART
gujaf-75	149	13	explain	explain	VERB
gujaf-75	149	14	the	the	DET
gujaf-75	149	15	relationship	relationship	NOUN
gujaf-75	149	16	between	between	ADP
gujaf-75	149	17	optimal	optimal	ADJ
gujaf-75	149	18	board	board	NOUN
gujaf-75	149	19	structure	structure	NOUN
gujaf-75	149	20	and	and	CCONJ
gujaf-75	149	21	dividend	dividend	NOUN
gujaf-75	149	22	policy	policy	NOUN
gujaf-75	149	23	as	as	SCONJ
gujaf-75	149	24	shown	show	VERB
gujaf-75	149	25	in	in	ADP
gujaf-75	149	26	table	table	NOUN
gujaf-75	149	27	3	3	NUM
gujaf-75	149	28	.	.	PUNCT
gujaf-75	149	29	table	table	NOUN
gujaf-75	149	30	3	3	NUM
gujaf-75	149	31	:	:	PUNCT
gujaf-75	149	32	optimal	optimal	ADJ
gujaf-75	149	33	board	board	NOUN
gujaf-75	149	34	structure	structure	NOUN
gujaf-75	149	35	and	and	CCONJ
gujaf-75	149	36	dividend	dividend	NOUN
gujaf-75	149	37	policy	policy	NOUN
gujaf-75	149	38	variables	variable	NOUN
gujaf-75	149	39	coefficient	coefficient	VERB
gujaf-75	149	40	standard	standard	ADJ
gujaf-75	149	41	error	error	NOUN
gujaf-75	149	42	zstatitstics	zstatitstic	NOUN
gujaf-75	149	43	p	p	ADJ
gujaf-75	149	44	-	-	PUNCT
gujaf-75	149	45	value	value	NOUN
gujaf-75	149	46	logexd	logexd	NOUN
gujaf-75	149	47	0.1638005	0.1638005	NUM
gujaf-75	149	48	0.5036423	0.5036423	NUM
gujaf-75	149	49	0.33	0.33	NUM
gujaf-75	149	50	0.745	0.745	NUM
gujaf-75	149	51	lognexd	lognexd	NOUN
gujaf-75	149	52	-1.831476	-1.831476	NOUN
gujaf-75	149	53	0.8761093	0.8761093	NUM
gujaf-75	149	54	-2.09	-2.09	NUM
gujaf-75	149	55	0.037	0.037	NUM
gujaf-75	149	56	eps	eps	PROPN
gujaf-75	149	57	0.1349505	0.1349505	NUM
gujaf-75	149	58	0.0234116	0.0234116	NUM
gujaf-75	149	59	5.76	5.76	NUM
gujaf-75	149	60	0.000	0.000	NUM
gujaf-75	149	61	dumbs	dumbs	NOUN
gujaf-75	150	1	≤10	≤10	PROPN
gujaf-75	150	2	0.3879642	0.3879642	NUM
gujaf-75	150	3	0.2806251	0.2806251	NUM
gujaf-75	150	4	-1.38	-1.38	NUM
gujaf-75	150	5	0.167	0.167	NUM
gujaf-75	150	6	dumbs	dumbs	VERB
gujaf-75	150	7	≤	≤	NUM
gujaf-75	150	8	11	11	NUM
gujaf-75	150	9	0.1514738	0.1514738	NUM
gujaf-75	150	10	0.2756896	0.2756896	NUM
gujaf-75	150	11	-0.55	-0.55	NUM
gujaf-75	150	12	0.583	0.583	NUM
gujaf-75	150	13	dumbs	dumbs	VERB
gujaf-75	150	14	≤	≤	NUM
gujaf-75	150	15	12	12	NUM
gujaf-75	150	16	0.2221298	0.2221298	NUM
gujaf-75	150	17	.2019841	.2019841	NOUN
gujaf-75	150	18	1.10	1.10	NUM
gujaf-75	150	19	0.271	0.271	NUM
gujaf-75	150	20	dumbs	dumb	VERB
gujaf-75	150	21	≤	≤	NUM
gujaf-75	150	22	13	13	NUM
gujaf-75	150	23	0.0087748	0.0087748	NUM
gujaf-75	150	24	0.2103381	0.2103381	NUM
gujaf-75	150	25	0.04	0.04	NUM
gujaf-75	150	26	0.967	0.967	NUM
gujaf-75	150	27	dumbs	dumb	NOUN
gujaf-75	150	28	≤	≤	NUM
gujaf-75	150	29	14	14	NUM
gujaf-75	150	30	-0.080916	-0.080916	NOUN
gujaf-75	151	1	0.177653	0.177653	NUM
gujaf-75	151	2	-0.46	-0.46	NUM
gujaf-75	151	3	0.649	0.649	NUM
gujaf-75	151	4	dumbs	dumbs	X
gujaf-75	151	5	≤	≤	NUM
gujaf-75	151	6	15	15	NUM
gujaf-75	151	7	-0.0262282	-0.0262282	NOUN
gujaf-75	151	8	0.1908443	0.1908443	NUM
gujaf-75	151	9	-0.14	-0.14	NUM
gujaf-75	151	10	0.891	0.891	NUM
gujaf-75	151	11	dumbs	dumbs	X
gujaf-75	151	12	≤	≤	NUM
gujaf-75	151	13	16	16	NUM
gujaf-75	151	14	-0.0044943	-0.0044943	NOUN
gujaf-75	151	15	0.2045932	0.2045932	NUM
gujaf-75	151	16	-0.02	-0.02	NUM
gujaf-75	151	17	0.982	0.982	NUM
gujaf-75	151	18	dumbs	dumbs	X
gujaf-75	151	19	≤	≤	NUM
gujaf-75	151	20	17	17	NUM
gujaf-75	151	21	0.1597025	0.1597025	NUM
gujaf-75	151	22	0.3649907	0.3649907	NUM
gujaf-75	151	23	0.44	0.44	NUM
gujaf-75	151	24	0.662	0.662	NUM
gujaf-75	151	25	dumbs	dumb	NOUN
gujaf-75	151	26	≤	≤	NUM
gujaf-75	151	27	18	18	NUM
gujaf-75	151	28	0.1702716	0.1702716	NUM
gujaf-75	151	29	0.4798082	0.4798082	NUM
gujaf-75	151	30	0.35	0.35	NUM
gujaf-75	151	31	0.723	0.723	NUM
gujaf-75	151	32	dumbs	dumb	NOUN
gujaf-75	151	33	≤	≤	NUM
gujaf-75	151	34	19	19	NUM
gujaf-75	151	35	-0.2457846	-0.2457846	NOUN
gujaf-75	151	36	0.4386707	0.4386707	NUM
gujaf-75	151	37	-0.56	-0.56	NUM
gujaf-75	151	38	0.575	0.575	NUM
gujaf-75	151	39	gusau	gusau	ADJ
gujaf-75	151	40	journal	journal	NOUN
gujaf-75	151	41	of	of	ADP
gujaf-75	151	42	accounting	accounting	NOUN
gujaf-75	151	43	and	and	CCONJ
gujaf-75	151	44	finance	finance	NOUN
gujaf-75	151	45	,	,	PUNCT
gujaf-75	151	46	vol	vol	NOUN
gujaf-75	151	47	.	.	PROPN
gujaf-75	151	48	2	2	NUM
gujaf-75	151	49	,	,	PUNCT
gujaf-75	151	50	issue	issue	NOUN
gujaf-75	151	51	3	3	NUM
gujaf-75	151	52	,	,	PUNCT
gujaf-75	151	53	april	april	PROPN
gujaf-75	151	54	,	,	PUNCT
gujaf-75	151	55	2021	2021	NUM
gujaf-75	151	56	8	8	NUM
gujaf-75	151	57	constant	constant	ADJ
gujaf-75	151	58	1.966975	1.966975	NUM
gujaf-75	151	59	1.352485	1.352485	NUM
gujaf-75	151	60	1.45	1.45	NUM
gujaf-75	151	61	0.146	0.146	NUM
gujaf-75	151	62	rsq	rsq	PROPN
gujaf-75	151	63	=	=	SYM
gujaf-75	151	64	0.4193	0.4193	NUM
gujaf-75	151	65	wald	wald	X
gujaf-75	151	66	chi2(5	chi2(5	NOUN
gujaf-75	151	67	)	)	PUNCT
gujaf-75	151	68	=	=	SYM
gujaf-75	151	69	70.76	70.76	NUM
gujaf-75	151	70	prob	prob	NOUN
gujaf-75	151	71	>	>	X
gujaf-75	151	72	chi2	chi2	PROPN
gujaf-75	151	73	=	=	SYM
gujaf-75	151	74	0.0000	0.0000	NUM
gujaf-75	151	75	source	source	NOUN
gujaf-75	151	76	:	:	PUNCT
gujaf-75	151	77	stata	stata	NOUN
gujaf-75	151	78	output	output	NOUN
gujaf-75	151	79	,	,	PUNCT
gujaf-75	151	80	2020	2020	NUM
gujaf-75	151	81	table	table	NOUN
gujaf-75	151	82	3	3	NUM
gujaf-75	151	83	captured	capture	VERB
gujaf-75	151	84	the	the	DET
gujaf-75	151	85	expression	expression	NOUN
gujaf-75	151	86	that	that	PRON
gujaf-75	151	87	relates	relate	VERB
gujaf-75	151	88	optimal	optimal	ADJ
gujaf-75	151	89	board	board	NOUN
gujaf-75	151	90	structure	structure	NOUN
gujaf-75	151	91	and	and	CCONJ
gujaf-75	151	92	dividend	dividend	NOUN
gujaf-75	151	93	per	per	ADP
gujaf-75	151	94	share	share	NOUN
gujaf-75	151	95	.	.	PUNCT
gujaf-75	152	1	the	the	DET
gujaf-75	152	2	results	result	NOUN
gujaf-75	152	3	confirm	confirm	VERB
gujaf-75	152	4	that	that	SCONJ
gujaf-75	152	5	the	the	DET
gujaf-75	152	6	coefficients	coefficient	NOUN
gujaf-75	152	7	of	of	ADP
gujaf-75	152	8	executive	executive	ADJ
gujaf-75	152	9	directors	director	NOUN
gujaf-75	152	10	(	(	PUNCT
gujaf-75	152	11	logexd	logexd	NOUN
gujaf-75	152	12	=	=	SYM
gujaf-75	152	13	0.1638005	0.1638005	NUM
gujaf-75	152	14	)	)	PUNCT
gujaf-75	152	15	with	with	ADP
gujaf-75	152	16	p	p	NOUN
gujaf-75	152	17	-	-	PUNCT
gujaf-75	152	18	value	value	NOUN
gujaf-75	152	19	of	of	ADP
gujaf-75	152	20	(	(	PUNCT
gujaf-75	152	21	0.745	0.745	NUM
gujaf-75	152	22	)	)	PUNCT
gujaf-75	152	23	indicating	indicate	VERB
gujaf-75	152	24	that	that	SCONJ
gujaf-75	152	25	the	the	DET
gujaf-75	152	26	executive	executive	ADJ
gujaf-75	152	27	directors	director	NOUN
gujaf-75	152	28	paid	pay	VERB
gujaf-75	152	29	dividend	dividend	NOUN
gujaf-75	152	30	but	but	CCONJ
gujaf-75	152	31	not	not	PART
gujaf-75	152	32	significant	significant	ADJ
gujaf-75	152	33	.	.	PUNCT
gujaf-75	153	1	the	the	DET
gujaf-75	153	2	coefficient	coefficient	NOUN
gujaf-75	153	3	of	of	ADP
gujaf-75	153	4	non	non	ADJ
gujaf-75	153	5	executive	executive	ADJ
gujaf-75	153	6	directors	director	NOUN
gujaf-75	153	7	(	(	PUNCT
gujaf-75	153	8	lognexd=	lognexd=	NOUN
gujaf-75	153	9	-1.831476	-1.831476	NOUN
gujaf-75	153	10	)	)	PUNCT
gujaf-75	153	11	with	with	ADP
gujaf-75	153	12	p	p	NOUN
gujaf-75	153	13	-	-	PUNCT
gujaf-75	153	14	value	value	NOUN
gujaf-75	153	15	of	of	ADP
gujaf-75	153	16	(	(	PUNCT
gujaf-75	153	17	0.037	0.037	NUM
gujaf-75	153	18	)	)	PUNCT
gujaf-75	153	19	implied	imply	VERB
gujaf-75	153	20	that	that	SCONJ
gujaf-75	153	21	non	non	PROPN
gujaf-75	153	22	executive	executive	ADJ
gujaf-75	153	23	directors	director	NOUN
gujaf-75	153	24	significantly	significantly	ADV
gujaf-75	153	25	diminished	diminish	VERB
gujaf-75	153	26	payment	payment	NOUN
gujaf-75	153	27	of	of	ADP
gujaf-75	153	28	dividend	dividend	NOUN
gujaf-75	153	29	.	.	PUNCT
gujaf-75	154	1	however	however	ADV
gujaf-75	154	2	executive	executive	ADJ
gujaf-75	154	3	directors	director	NOUN
gujaf-75	154	4	conform	conform	VERB
gujaf-75	154	5	to	to	ADP
gujaf-75	154	6	prior	prior	ADJ
gujaf-75	154	7	theoretical	theoretical	ADJ
gujaf-75	154	8	expectation	expectation	NOUN
gujaf-75	154	9	while	while	SCONJ
gujaf-75	154	10	non	non	PROPN
gujaf-75	154	11	executive	executive	ADJ
gujaf-75	154	12	directors	director	NOUN
gujaf-75	154	13	did	do	VERB
gujaf-75	154	14	not	not	PART
gujaf-75	154	15	.	.	PUNCT
gujaf-75	155	1	earnings	earning	NOUN
gujaf-75	155	2	per	per	ADP
gujaf-75	155	3	share	share	NOUN
gujaf-75	155	4	(	(	PUNCT
gujaf-75	155	5	eps	eps	PROPN
gujaf-75	155	6	)	)	PUNCT
gujaf-75	155	7	have	have	VERB
gujaf-75	155	8	a	a	DET
gujaf-75	155	9	positive	positive	ADJ
gujaf-75	155	10	coefficient	coefficient	NOUN
gujaf-75	155	11	(	(	PUNCT
gujaf-75	155	12	0.1349	0.1349	NUM
gujaf-75	155	13	)	)	PUNCT
gujaf-75	155	14	and	and	CCONJ
gujaf-75	155	15	p	p	NOUN
gujaf-75	155	16	-	-	PUNCT
gujaf-75	155	17	value	value	NOUN
gujaf-75	155	18	of	of	ADP
gujaf-75	155	19	(	(	PUNCT
gujaf-75	155	20	0.000	0.000	NUM
gujaf-75	155	21	)	)	PUNCT
gujaf-75	155	22	which	which	PRON
gujaf-75	155	23	is	be	AUX
gujaf-75	155	24	less	less	ADJ
gujaf-75	155	25	than	than	ADP
gujaf-75	155	26	5	5	NUM
gujaf-75	155	27	%	%	NOUN
gujaf-75	155	28	.	.	PUNCT
gujaf-75	156	1	this	this	PRON
gujaf-75	156	2	implies	imply	VERB
gujaf-75	156	3	that	that	SCONJ
gujaf-75	156	4	earnings	earning	NOUN
gujaf-75	156	5	per	per	ADP
gujaf-75	156	6	share	share	NOUN
gujaf-75	156	7	of	of	ADP
gujaf-75	156	8	deposit	deposit	NOUN
gujaf-75	156	9	money	money	NOUN
gujaf-75	156	10	banks	bank	NOUN
gujaf-75	156	11	are	be	AUX
gujaf-75	156	12	positive	positive	ADJ
gujaf-75	156	13	and	and	CCONJ
gujaf-75	156	14	significant	significant	ADJ
gujaf-75	156	15	in	in	ADP
gujaf-75	156	16	determining	determine	VERB
gujaf-75	156	17	dividend	dividend	NOUN
gujaf-75	156	18	policy	policy	NOUN
gujaf-75	156	19	of	of	ADP
gujaf-75	156	20	commercial	commercial	ADJ
gujaf-75	156	21	banks	bank	NOUN
gujaf-75	156	22	.	.	PUNCT
gujaf-75	157	1	this	this	PRON
gujaf-75	157	2	again	again	ADV
gujaf-75	157	3	complies	comply	VERB
gujaf-75	157	4	with	with	ADP
gujaf-75	157	5	theoretical	theoretical	ADJ
gujaf-75	157	6	expectation	expectation	NOUN
gujaf-75	157	7	.	.	PUNCT
gujaf-75	158	1	the	the	DET
gujaf-75	158	2	coefficient	coefficient	NOUN
gujaf-75	158	3	and	and	CCONJ
gujaf-75	158	4	the	the	DET
gujaf-75	158	5	corresponding	corresponding	ADJ
gujaf-75	158	6	p	p	NOUN
gujaf-75	158	7	-	-	PUNCT
gujaf-75	158	8	value	value	NOUN
gujaf-75	158	9	of	of	ADP
gujaf-75	158	10	optimal	optimal	ADJ
gujaf-75	158	11	board	board	NOUN
gujaf-75	158	12	size	size	NOUN
gujaf-75	158	13	of	of	ADP
gujaf-75	158	14	dumbs	dumbs	X
gujaf-75	158	15	≤10	≤10	PROPN
gujaf-75	158	16	(	(	PUNCT
gujaf-75	158	17	-0.3880	-0.3880	ADJ
gujaf-75	158	18	;	;	PUNCT
gujaf-75	158	19	0.167	0.167	NUM
gujaf-75	158	20	)	)	PUNCT
gujaf-75	158	21	dumbs	dumb	NOUN
gujaf-75	158	22	≤11	≤11	PROPN
gujaf-75	158	23	(	(	PUNCT
gujaf-75	158	24	-0.1515	-0.1515	NOUN
gujaf-75	158	25	;	;	PUNCT
gujaf-75	158	26	0.583	0.583	NUM
gujaf-75	158	27	)	)	PUNCT
gujaf-75	158	28	dumbs	dumbs	VERB
gujaf-75	158	29	≤12	≤12	NOUN
gujaf-75	158	30	(	(	PUNCT
gujaf-75	158	31	0.2221	0.2221	NUM
gujaf-75	158	32	;	;	PUNCT
gujaf-75	158	33	0,271	0,271	NUM
gujaf-75	158	34	)	)	PUNCT
gujaf-75	158	35	dumbs	dumb	VERB
gujaf-75	158	36	≤13	≤13	PROPN
gujaf-75	158	37	(	(	PUNCT
gujaf-75	158	38	0,0088	0,0088	NUM
gujaf-75	158	39	;	;	PUNCT
gujaf-75	158	40	0.967	0.967	NUM
gujaf-75	158	41	)	)	PUNCT
gujaf-75	158	42	dumbs	dumb	VERB
gujaf-75	159	1	≤14	≤14	PROPN
gujaf-75	159	2	(	(	PUNCT
gujaf-75	159	3	-0.0809	-0.0809	X
gujaf-75	159	4	;	;	PUNCT
gujaf-75	159	5	0.649	0.649	NUM
gujaf-75	159	6	)	)	PUNCT
gujaf-75	159	7	dumbs	dumbs	X
gujaf-75	159	8	≤15	≤15	NOUN
gujaf-75	159	9	(	(	PUNCT
gujaf-75	159	10	-0.0262	-0.0262	NOUN
gujaf-75	159	11	;	;	PUNCT
gujaf-75	159	12	0.891	0.891	NUM
gujaf-75	159	13	)	)	PUNCT
gujaf-75	159	14	dumbs	dumb	VERB
gujaf-75	159	15	≤16	≤16	NOUN
gujaf-75	159	16	(	(	PUNCT
gujaf-75	159	17	-0.0045	-0.0045	ADJ
gujaf-75	159	18	;	;	PUNCT
gujaf-75	159	19	0.982	0.982	NUM
gujaf-75	159	20	)	)	PUNCT
gujaf-75	159	21	dumbs	dumbs	NOUN
gujaf-75	159	22	≤17	≤17	NOUN
gujaf-75	159	23	(	(	PUNCT
gujaf-75	159	24	0.1597	0.1597	NUM
gujaf-75	159	25	;	;	PUNCT
gujaf-75	159	26	0.662	0.662	NUM
gujaf-75	159	27	)	)	PUNCT
gujaf-75	159	28	dumbs	dumbs	VERB
gujaf-75	159	29	≤18	≤18	NOUN
gujaf-75	159	30	(	(	PUNCT
gujaf-75	159	31	0.1703	0.1703	NUM
gujaf-75	159	32	;	;	PUNCT
gujaf-75	159	33	0.723	0.723	NUM
gujaf-75	159	34	)	)	PUNCT
gujaf-75	159	35	dumbs	dumb	VERB
gujaf-75	159	36	≤19	≤19	PROPN
gujaf-75	159	37	(	(	PUNCT
gujaf-75	159	38	-0.2458	-0.2458	NOUN
gujaf-75	159	39	;	;	PUNCT
gujaf-75	159	40	0.575	0.575	NUM
gujaf-75	159	41	)	)	PUNCT
gujaf-75	159	42	.	.	PUNCT
gujaf-75	160	1	this	this	PRON
gujaf-75	160	2	confirm	confirm	VERB
gujaf-75	160	3	that	that	SCONJ
gujaf-75	160	4	optimal	optimal	ADJ
gujaf-75	160	5	board	board	NOUN
gujaf-75	160	6	size	size	NOUN
gujaf-75	160	7	is	be	AUX
gujaf-75	160	8	positively	positively	ADV
gujaf-75	160	9	related	relate	VERB
gujaf-75	160	10	to	to	PART
gujaf-75	160	11	dividend	dividend	VERB
gujaf-75	160	12	policy	policy	NOUN
gujaf-75	160	13	with	with	ADP
gujaf-75	160	14	exception	exception	NOUN
gujaf-75	160	15	of	of	ADP
gujaf-75	160	16	dumbs	dumbs	X
gujaf-75	160	17	≤10	≤10	PROPN
gujaf-75	160	18	,	,	PUNCT
gujaf-75	160	19	dumbs	dumbs	ADJ
gujaf-75	160	20	≤11	≤11	NOUN
gujaf-75	160	21	,	,	PUNCT
gujaf-75	160	22	dumbs	dumbs	X
gujaf-75	160	23	≤14	≤14	ADJ
gujaf-75	160	24	,	,	PUNCT
gujaf-75	160	25	dumbs	dumbs	ADJ
gujaf-75	160	26	≤15	≤15	NOUN
gujaf-75	160	27	,	,	PUNCT
gujaf-75	160	28	dumbs	dumbs	NOUN
gujaf-75	160	29	≤16	≤16	NOUN
gujaf-75	160	30	and	and	CCONJ
gujaf-75	160	31	dumbs	dumbs	X
gujaf-75	160	32	≤19	≤19	ADJ
gujaf-75	161	1	but	but	CCONJ
gujaf-75	161	2	none	none	NOUN
gujaf-75	161	3	of	of	ADP
gujaf-75	161	4	them	they	PRON
gujaf-75	161	5	is	be	AUX
gujaf-75	161	6	significant	significant	ADJ
gujaf-75	161	7	in	in	ADP
gujaf-75	161	8	the	the	DET
gujaf-75	161	9	contest	contest	NOUN
gujaf-75	161	10	of	of	ADP
gujaf-75	161	11	nigerian	nigerian	ADJ
gujaf-75	161	12	banks	bank	NOUN
gujaf-75	161	13	.	.	PUNCT
gujaf-75	162	1	this	this	PRON
gujaf-75	162	2	suggests	suggest	VERB
gujaf-75	162	3	that	that	SCONJ
gujaf-75	162	4	optimal	optimal	ADJ
gujaf-75	162	5	board	board	NOUN
gujaf-75	162	6	structure	structure	NOUN
gujaf-75	162	7	do	do	AUX
gujaf-75	162	8	not	not	PART
gujaf-75	162	9	exist	exist	VERB
gujaf-75	162	10	in	in	ADP
gujaf-75	162	11	nigerian	nigerian	ADJ
gujaf-75	162	12	banks	bank	NOUN
gujaf-75	162	13	.	.	PUNCT
gujaf-75	163	1	in	in	ADP
gujaf-75	163	2	view	view	NOUN
gujaf-75	163	3	of	of	ADP
gujaf-75	163	4	this	this	DET
gujaf-75	163	5	findings	finding	NOUN
gujaf-75	163	6	the	the	DET
gujaf-75	163	7	study	study	NOUN
gujaf-75	163	8	further	far	ADV
gujaf-75	163	9	perform	perform	VERB
gujaf-75	163	10	additional	additional	ADJ
gujaf-75	163	11	test	test	NOUN
gujaf-75	163	12	by	by	ADP
gujaf-75	163	13	using	use	VERB
gujaf-75	163	14	range	range	NOUN
gujaf-75	163	15	of	of	ADP
gujaf-75	163	16	values	value	NOUN
gujaf-75	163	17	to	to	PART
gujaf-75	163	18	represent	represent	VERB
gujaf-75	163	19	optimal	optimal	ADJ
gujaf-75	163	20	board	board	NOUN
gujaf-75	163	21	size	size	NOUN
gujaf-75	163	22	.	.	PUNCT
gujaf-75	164	1	the	the	DET
gujaf-75	164	2	result	result	NOUN
gujaf-75	164	3	is	be	AUX
gujaf-75	164	4	shown	show	VERB
gujaf-75	164	5	in	in	ADP
gujaf-75	164	6	table	table	NOUN
gujaf-75	164	7	4	4	NUM
gujaf-75	164	8	below	below	ADV
gujaf-75	164	9	.	.	PUNCT
gujaf-75	165	1	table	table	NOUN
gujaf-75	165	2	4	4	NUM
gujaf-75	165	3	:	:	PUNCT
gujaf-75	165	4	optimal	optimal	ADJ
gujaf-75	165	5	board	board	NOUN
gujaf-75	165	6	structure	structure	NOUN
gujaf-75	165	7	and	and	CCONJ
gujaf-75	165	8	dividend	dividend	NOUN
gujaf-75	165	9	policy	policy	NOUN
gujaf-75	165	10	variables	variable	NOUN
gujaf-75	165	11	coefficient	coefficient	VERB
gujaf-75	165	12	standard	standard	ADJ
gujaf-75	165	13	error	error	NOUN
gujaf-75	165	14	zstatitstics	zstatitstic	NOUN
gujaf-75	165	15	p	p	ADJ
gujaf-75	165	16	-	-	PUNCT
gujaf-75	165	17	value	value	NOUN
gujaf-75	165	18	logexd	logexd	NOUN
gujaf-75	165	19	0.2929312	0.2929312	NUM
gujaf-75	165	20	0.3428573	0.3428573	NUM
gujaf-75	165	21	0.85	0.85	NUM
gujaf-75	165	22	0.393	0.393	NUM
gujaf-75	165	23	lognexd	lognexd	NOUN
gujaf-75	165	24	-1.8536	-1.8536	NOUN
gujaf-75	165	25	0	0	NUM
gujaf-75	165	26	.6319891	.6319891	PROPN
gujaf-75	165	27	-2.93	-2.93	NUM
gujaf-75	165	28	0.003	0.003	NUM
gujaf-75	165	29	eps	eps	ADP
gujaf-75	165	30	0.1476349	0.1476349	NUM
gujaf-75	165	31	0.0225773	0.0225773	NUM
gujaf-75	165	32	6.54	6.54	NUM
gujaf-75	165	33	0.000	0.000	NUM
gujaf-75	165	34	dumbs	dumbs	X
gujaf-75	165	35	≥9≤11	≥9≤11	PROPN
gujaf-75	165	36	0	0	NUM
gujaf-75	165	37	.256678	.256678	ADP
gujaf-75	165	38	0.2255128	0.2255128	NUM
gujaf-75	165	39	1.14	1.14	NUM
gujaf-75	165	40	0.255	0.255	NUM
gujaf-75	165	41	dumbs	dumbs	NOUN
gujaf-75	165	42	≥12≤14	≥12≤14	NUM
gujaf-75	165	43	0.408243	0.408243	NUM
gujaf-75	165	44	0.2622848	0.2622848	NUM
gujaf-75	165	45	1.56	1.56	NUM
gujaf-75	165	46	0.120	0.120	NUM
gujaf-75	165	47	dumbs	dumbs	X
gujaf-75	165	48	≥15≤17	≥15≤17	NUM
gujaf-75	165	49	0.4129946	0.4129946	NUM
gujaf-75	165	50	0.3203064	0.3203064	NUM
gujaf-75	165	51	1.29	1.29	NUM
gujaf-75	165	52	0.197	0.197	NUM
gujaf-75	165	53	dumbs	dumbs	NOUN
gujaf-75	165	54	≥18≤20	≥18≤20	NOUN
gujaf-75	165	55	0.2335595	0.2335595	NUM
gujaf-75	165	56	0.4120717	0.4120717	NUM
gujaf-75	165	57	0.57	0.57	NUM
gujaf-75	165	58	0.571	0.571	NUM
gujaf-75	165	59	constant	constant	ADJ
gujaf-75	165	60	1.53381	1.53381	NUM
gujaf-75	165	61	.5525981	.5525981	NOUN
gujaf-75	165	62	2.78	2.78	NUM
gujaf-75	165	63	0.006	0.006	NUM
gujaf-75	165	64	rsq	rsq	NOUN
gujaf-75	165	65	=	=	SYM
gujaf-75	165	66	0.3960	0.3960	NUM
gujaf-75	165	67	wald	wald	X
gujaf-75	165	68	chi2(7	chi2(7	PROPN
gujaf-75	165	69	)	)	PUNCT
gujaf-75	166	1	=	=	PROPN
gujaf-75	166	2	68.19	68.19	NUM
gujaf-75	166	3	prob	prob	NOUN
gujaf-75	166	4	>	>	X
gujaf-75	166	5	chi2	chi2	PROPN
gujaf-75	166	6	=	=	SYM
gujaf-75	166	7	0.0000	0.0000	NUM
gujaf-75	166	8	source	source	NOUN
gujaf-75	166	9	:	:	PUNCT
gujaf-75	166	10	stata	stata	NOUN
gujaf-75	166	11	output	output	NOUN
gujaf-75	166	12	,	,	PUNCT
gujaf-75	166	13	2020	2020	NUM
gujaf-75	166	14	table	table	NOUN
gujaf-75	166	15	4	4	NUM
gujaf-75	166	16	provides	provide	VERB
gujaf-75	166	17	corroborative	corroborative	ADJ
gujaf-75	166	18	evidence	evidence	NOUN
gujaf-75	166	19	of	of	ADP
gujaf-75	166	20	expression	expression	NOUN
gujaf-75	166	21	of	of	ADP
gujaf-75	166	22	relationship	relationship	NOUN
gujaf-75	166	23	between	between	ADP
gujaf-75	166	24	optimal	optimal	ADJ
gujaf-75	166	25	board	board	NOUN
gujaf-75	166	26	structure	structure	NOUN
gujaf-75	166	27	and	and	CCONJ
gujaf-75	166	28	dividend	dividend	NOUN
gujaf-75	166	29	policy	policy	NOUN
gujaf-75	166	30	.	.	PUNCT
gujaf-75	167	1	the	the	DET
gujaf-75	167	2	result	result	NOUN
gujaf-75	167	3	is	be	AUX
gujaf-75	167	4	similar	similar	ADJ
gujaf-75	167	5	to	to	ADP
gujaf-75	167	6	what	what	PRON
gujaf-75	167	7	is	be	AUX
gujaf-75	167	8	obtained	obtain	VERB
gujaf-75	167	9	in	in	ADP
gujaf-75	167	10	table	table	NOUN
gujaf-75	167	11	4.3	4.3	NUM
gujaf-75	167	12	.	.	PUNCT
gujaf-75	168	1	the	the	DET
gujaf-75	168	2	coefficients	coefficient	NOUN
gujaf-75	168	3	of	of	ADP
gujaf-75	168	4	executive	executive	ADJ
gujaf-75	168	5	directors	director	NOUN
gujaf-75	168	6	(	(	PUNCT
gujaf-75	168	7	logexd	logexd	NOUN
gujaf-75	168	8	=	=	SYM
gujaf-75	168	9	0.2929	0.2929	NUM
gujaf-75	168	10	)	)	PUNCT
gujaf-75	168	11	with	with	ADP
gujaf-75	168	12	p	p	NOUN
gujaf-75	168	13	-	-	PUNCT
gujaf-75	168	14	value	value	NOUN
gujaf-75	168	15	of	of	ADP
gujaf-75	168	16	(	(	PUNCT
gujaf-75	168	17	0.393	0.393	NUM
gujaf-75	168	18	)	)	PUNCT
gujaf-75	168	19	indicates	indicate	VERB
gujaf-75	168	20	that	that	SCONJ
gujaf-75	168	21	the	the	DET
gujaf-75	168	22	executive	executive	ADJ
gujaf-75	168	23	directors	director	NOUN
gujaf-75	168	24	paid	pay	VERB
gujaf-75	168	25	dividend	dividend	NOUN
gujaf-75	168	26	but	but	CCONJ
gujaf-75	168	27	not	not	PART
gujaf-75	168	28	significant	significant	ADJ
gujaf-75	168	29	.	.	PUNCT
gujaf-75	169	1	the	the	DET
gujaf-75	169	2	coefficient	coefficient	NOUN
gujaf-75	169	3	of	of	ADP
gujaf-75	169	4	non	non	ADJ
gujaf-75	169	5	executive	executive	ADJ
gujaf-75	169	6	directors	director	NOUN
gujaf-75	169	7	gusau	gusau	PROPN
gujaf-75	169	8	journal	journal	PROPN
gujaf-75	169	9	of	of	ADP
gujaf-75	169	10	accounting	accounting	NOUN
gujaf-75	169	11	and	and	CCONJ
gujaf-75	169	12	finance	finance	NOUN
gujaf-75	169	13	,	,	PUNCT
gujaf-75	169	14	vol	vol	NOUN
gujaf-75	169	15	.	.	PROPN
gujaf-75	169	16	2	2	NUM
gujaf-75	169	17	,	,	PUNCT
gujaf-75	169	18	issue	issue	NOUN
gujaf-75	169	19	3	3	NUM
gujaf-75	169	20	,	,	PUNCT
gujaf-75	169	21	april	april	PROPN
gujaf-75	169	22	,	,	PUNCT
gujaf-75	169	23	2021	2021	NUM
gujaf-75	169	24	9	9	NUM
gujaf-75	169	25	(	(	PUNCT
gujaf-75	169	26	lognexd=	lognexd=	NOUN
gujaf-75	169	27	-1.854	-1.854	NOUN
gujaf-75	169	28	)	)	PUNCT
gujaf-75	169	29	with	with	ADP
gujaf-75	169	30	p	p	NOUN
gujaf-75	169	31	-	-	PUNCT
gujaf-75	169	32	value	value	NOUN
gujaf-75	169	33	of	of	ADP
gujaf-75	169	34	(	(	PUNCT
gujaf-75	169	35	0.003	0.003	NUM
gujaf-75	169	36	)	)	PUNCT
gujaf-75	169	37	implied	imply	VERB
gujaf-75	169	38	that	that	SCONJ
gujaf-75	169	39	non	non	PROPN
gujaf-75	169	40	executive	executive	ADJ
gujaf-75	169	41	directors	director	NOUN
gujaf-75	169	42	significantly	significantly	ADV
gujaf-75	169	43	diminished	diminish	VERB
gujaf-75	169	44	payment	payment	NOUN
gujaf-75	169	45	of	of	ADP
gujaf-75	169	46	dividend	dividend	NOUN
gujaf-75	169	47	.	.	PUNCT
gujaf-75	170	1	earnings	earning	NOUN
gujaf-75	170	2	per	per	ADP
gujaf-75	170	3	share	share	NOUN
gujaf-75	170	4	(	(	PUNCT
gujaf-75	170	5	eps	eps	NOUN
gujaf-75	170	6	)	)	PUNCT
gujaf-75	170	7	remain	remain	VERB
gujaf-75	170	8	positive	positive	ADJ
gujaf-75	170	9	in	in	ADP
gujaf-75	170	10	line	line	NOUN
gujaf-75	170	11	with	with	ADP
gujaf-75	170	12	theoretical	theoretical	ADJ
gujaf-75	170	13	expectation	expectation	NOUN
gujaf-75	170	14	but	but	CCONJ
gujaf-75	170	15	significant	significant	ADJ
gujaf-75	170	16	influence	influence	NOUN
gujaf-75	170	17	dividend	dividend	NOUN
gujaf-75	170	18	per	per	ADP
gujaf-75	170	19	share	share	NOUN
gujaf-75	170	20	of	of	ADP
gujaf-75	170	21	banks	bank	NOUN
gujaf-75	170	22	.	.	PUNCT
gujaf-75	171	1	the	the	DET
gujaf-75	171	2	coefficient	coefficient	NOUN
gujaf-75	171	3	and	and	CCONJ
gujaf-75	171	4	the	the	DET
gujaf-75	171	5	corresponding	corresponding	ADJ
gujaf-75	171	6	p	p	NOUN
gujaf-75	171	7	-	-	PUNCT
gujaf-75	171	8	value	value	NOUN
gujaf-75	171	9	of	of	ADP
gujaf-75	171	10	optimal	optimal	ADJ
gujaf-75	171	11	board	board	NOUN
gujaf-75	171	12	size	size	NOUN
gujaf-75	171	13	at	at	ADP
gujaf-75	171	14	various	various	ADJ
gujaf-75	171	15	range	range	NOUN
gujaf-75	171	16	are	be	AUX
gujaf-75	171	17	dumbs	dumbs	X
gujaf-75	171	18	≥9≤11	≥9≤11	NOUN
gujaf-75	171	19	(	(	PUNCT
gujaf-75	171	20	0.256678	0.256678	NUM
gujaf-75	171	21	;	;	PUNCT
gujaf-75	171	22	0.255	0.255	NUM
gujaf-75	171	23	)	)	PUNCT
gujaf-75	171	24	,	,	PUNCT
gujaf-75	171	25	dumbs	dumbs	X
gujaf-75	171	26	≥12≤14	≥12≤14	NUM
gujaf-75	171	27	(	(	PUNCT
gujaf-75	171	28	0.408243	0.408243	NUM
gujaf-75	171	29	;	;	PUNCT
gujaf-75	171	30	0.120),dumbs	0.120),dumbs	NUM
gujaf-75	171	31	≥15≤17	≥15≤17	NUM
gujaf-75	171	32	(	(	PUNCT
gujaf-75	171	33	0.4129946	0.4129946	NUM
gujaf-75	171	34	;	;	PUNCT
gujaf-75	171	35	0.197	0.197	NUM
gujaf-75	171	36	)	)	PUNCT
gujaf-75	171	37	,	,	PUNCT
gujaf-75	171	38	dumbs	dumb	VERB
gujaf-75	171	39	≥18≤20	≥18≤20	PROPN
gujaf-75	171	40	(	(	PUNCT
gujaf-75	171	41	0.2335595	0.2335595	NUM
gujaf-75	171	42	;	;	PUNCT
gujaf-75	171	43	0.571	0.571	NUM
gujaf-75	171	44	)	)	PUNCT
gujaf-75	171	45	.	.	PUNCT
gujaf-75	172	1	this	this	PRON
gujaf-75	172	2	confirms	confirm	VERB
gujaf-75	172	3	that	that	SCONJ
gujaf-75	172	4	optimal	optimal	ADJ
gujaf-75	172	5	board	board	NOUN
gujaf-75	172	6	size	size	NOUN
gujaf-75	172	7	is	be	AUX
gujaf-75	172	8	positively	positively	ADV
gujaf-75	172	9	related	relate	VERB
gujaf-75	172	10	to	to	PART
gujaf-75	172	11	dividend	dividend	VERB
gujaf-75	172	12	policy	policy	NOUN
gujaf-75	172	13	but	but	CCONJ
gujaf-75	172	14	none	none	NOUN
gujaf-75	172	15	of	of	ADP
gujaf-75	172	16	the	the	DET
gujaf-75	172	17	range	range	NOUN
gujaf-75	172	18	of	of	ADP
gujaf-75	172	19	value	value	NOUN
gujaf-75	172	20	is	be	AUX
gujaf-75	172	21	significant	significant	ADJ
gujaf-75	172	22	in	in	ADP
gujaf-75	172	23	determine	determine	NOUN
gujaf-75	172	24	dividend	dividend	NOUN
gujaf-75	172	25	policy	policy	NOUN
gujaf-75	172	26	of	of	ADP
gujaf-75	172	27	nigerian	nigerian	ADJ
gujaf-75	172	28	banks	bank	NOUN
gujaf-75	172	29	.	.	PUNCT
gujaf-75	173	1	this	this	PRON
gujaf-75	173	2	again	again	ADV
gujaf-75	173	3	suggested	suggest	VERB
gujaf-75	173	4	that	that	SCONJ
gujaf-75	173	5	optimal	optimal	ADJ
gujaf-75	173	6	board	board	NOUN
gujaf-75	173	7	structure	structure	NOUN
gujaf-75	173	8	do	do	AUX
gujaf-75	173	9	not	not	PART
gujaf-75	173	10	exist	exist	VERB
gujaf-75	173	11	in	in	ADP
gujaf-75	173	12	nigerian	nigerian	ADJ
gujaf-75	173	13	banks	bank	NOUN
gujaf-75	173	14	.	.	PUNCT
gujaf-75	174	1	the	the	DET
gujaf-75	174	2	post	post	PROPN
gujaf-75	174	3	estimation	estimation	NOUN
gujaf-75	174	4	test	test	NOUN
gujaf-75	174	5	of	of	ADP
gujaf-75	174	6	the	the	DET
gujaf-75	174	7	two	two	NUM
gujaf-75	174	8	model	model	NOUN
gujaf-75	174	9	revealed	reveal	VERB
gujaf-75	174	10	that	that	SCONJ
gujaf-75	174	11	the	the	DET
gujaf-75	174	12	rsquare	rsquare	NOUN
gujaf-75	174	13	of	of	ADP
gujaf-75	174	14	the	the	DET
gujaf-75	174	15	first	first	ADJ
gujaf-75	174	16	and	and	CCONJ
gujaf-75	174	17	second	second	ADJ
gujaf-75	174	18	model	model	NOUN
gujaf-75	174	19	in	in	ADP
gujaf-75	174	20	table	table	NOUN
gujaf-75	174	21	3	3	NUM
gujaf-75	174	22	and	and	CCONJ
gujaf-75	174	23	4	4	NUM
gujaf-75	174	24	are	be	AUX
gujaf-75	174	25	0.4193	0.4193	NUM
gujaf-75	174	26	and	and	CCONJ
gujaf-75	174	27	0.3960	0.3960	NUM
gujaf-75	174	28	respectively	respectively	ADV
gujaf-75	174	29	are	be	AUX
gujaf-75	174	30	very	very	ADV
gujaf-75	174	31	good	good	ADJ
gujaf-75	174	32	.	.	PUNCT
gujaf-75	175	1	the	the	DET
gujaf-75	175	2	r	r	NOUN
gujaf-75	175	3	-	-	PUNCT
gujaf-75	175	4	square	square	NOUN
gujaf-75	175	5	indicates	indicate	VERB
gujaf-75	175	6	the	the	DET
gujaf-75	175	7	extent	extent	NOUN
gujaf-75	175	8	to	to	PART
gujaf-75	175	9	which	which	PRON
gujaf-75	175	10	the	the	DET
gujaf-75	175	11	explanatory	explanatory	ADJ
gujaf-75	175	12	variables	variable	NOUN
gujaf-75	175	13	explained	explain	VERB
gujaf-75	175	14	dividend	dividend	NOUN
gujaf-75	175	15	per	per	ADP
gujaf-75	175	16	share	share	NOUN
gujaf-75	175	17	.	.	PUNCT
gujaf-75	176	1	the	the	DET
gujaf-75	176	2	probability	probability	NOUN
gujaf-75	176	3	values	value	NOUN
gujaf-75	176	4	of	of	ADP
gujaf-75	176	5	wald	wald	PROPN
gujaf-75	176	6	statistics	statistic	NOUN
gujaf-75	176	7	for	for	ADP
gujaf-75	176	8	both	both	DET
gujaf-75	176	9	models	model	NOUN
gujaf-75	176	10	are	be	AUX
gujaf-75	176	11	significant	significant	ADJ
gujaf-75	176	12	at	at	ADP
gujaf-75	176	13	5	5	NUM
gujaf-75	176	14	%	%	NOUN
gujaf-75	176	15	.	.	PUNCT
gujaf-75	177	1	thus	thus	ADV
gujaf-75	177	2	confirm	confirm	VERB
gujaf-75	177	3	both	both	DET
gujaf-75	177	4	models	model	NOUN
gujaf-75	177	5	are	be	AUX
gujaf-75	177	6	well	well	ADV
gujaf-75	177	7	fitted	fit	VERB
gujaf-75	177	8	.	.	PUNCT
gujaf-75	178	1	4.1	4.1	NUM
gujaf-75	178	2	discussion	discussion	NOUN
gujaf-75	178	3	of	of	ADP
gujaf-75	178	4	findings	finding	NOUN
gujaf-75	178	5	the	the	DET
gujaf-75	178	6	nexus	nexus	NOUN
gujaf-75	178	7	between	between	ADP
gujaf-75	178	8	optimal	optimal	ADJ
gujaf-75	178	9	board	board	NOUN
gujaf-75	178	10	structure	structure	NOUN
gujaf-75	178	11	and	and	CCONJ
gujaf-75	178	12	dividend	dividend	NOUN
gujaf-75	178	13	policy	policy	NOUN
gujaf-75	178	14	revealed	reveal	VERB
gujaf-75	178	15	mixed	mixed	ADJ
gujaf-75	178	16	reactionthe	reactionthe	ADJ
gujaf-75	178	17	results	result	NOUN
gujaf-75	178	18	of	of	ADP
gujaf-75	178	19	this	this	DET
gujaf-75	178	20	study	study	NOUN
gujaf-75	178	21	revealed	reveal	VERB
gujaf-75	178	22	evidence	evidence	NOUN
gujaf-75	178	23	of	of	ADP
gujaf-75	178	24	negative	negative	ADJ
gujaf-75	178	25	but	but	CCONJ
gujaf-75	178	26	significant	significant	ADJ
gujaf-75	178	27	relationship	relationship	NOUN
gujaf-75	178	28	between	between	ADP
gujaf-75	178	29	board	board	NOUN
gujaf-75	178	30	independence	independence	NOUN
gujaf-75	178	31	represented	represent	VERB
gujaf-75	178	32	by	by	ADP
gujaf-75	178	33	non	non	ADJ
gujaf-75	178	34	-	-	ADJ
gujaf-75	178	35	executive	executive	ADJ
gujaf-75	178	36	directors	director	NOUN
gujaf-75	178	37	and	and	CCONJ
gujaf-75	178	38	dividend	dividend	NOUN
gujaf-75	178	39	policy	policy	NOUN
gujaf-75	178	40	.	.	PUNCT
gujaf-75	179	1	this	this	DET
gujaf-75	179	2	result	result	NOUN
gujaf-75	179	3	contradict	contradict	VERB
gujaf-75	179	4	the	the	DET
gujaf-75	179	5	work	work	NOUN
gujaf-75	179	6	of	of	ADP
gujaf-75	179	7	yahya	yahya	PROPN
gujaf-75	179	8	,	,	PUNCT
gujaf-75	179	9	ghazali	ghazali	PROPN
gujaf-75	179	10	&	&	CCONJ
gujaf-75	179	11	ntim	ntim	PROPN
gujaf-75	179	12	(	(	PUNCT
gujaf-75	179	13	2017	2017	NUM
gujaf-75	179	14	)	)	PUNCT
gujaf-75	179	15	in	in	ADP
gujaf-75	179	16	pakistian	pakistian	PROPN
gujaf-75	179	17	,	,	PUNCT
gujaf-75	179	18	hussain	hussain	PROPN
gujaf-75	179	19	,	,	PUNCT
gujaf-75	179	20	mahfuzur	mahfuzur	PROPN
gujaf-75	179	21	,	,	PUNCT
gujaf-75	179	22	&	&	CCONJ
gujaf-75	179	23	ridzuan	ridzuan	PROPN
gujaf-75	179	24	(	(	PUNCT
gujaf-75	179	25	2020	2020	NUM
gujaf-75	179	26	)	)	PUNCT
gujaf-75	179	27	in	in	ADP
gujaf-75	179	28	malaysia	malaysia	PROPN
gujaf-75	179	29	and	and	CCONJ
gujaf-75	179	30	partially	partially	ADV
gujaf-75	179	31	supported	support	VERB
gujaf-75	179	32	by	by	ADP
gujaf-75	179	33	kurawa	kurawa	PROPN
gujaf-75	179	34	&	&	CCONJ
gujaf-75	179	35	ishaku	ishaku	PROPN
gujaf-75	179	36	(	(	PUNCT
gujaf-75	179	37	2014	2014	NUM
gujaf-75	179	38	)	)	PUNCT
gujaf-75	179	39	in	in	ADP
gujaf-75	179	40	nigeria	nigeria	PROPN
gujaf-75	179	41	but	but	CCONJ
gujaf-75	179	42	in	in	ADP
gujaf-75	179	43	line	line	NOUN
gujaf-75	179	44	with	with	ADP
gujaf-75	179	45	naburi	naburi	PROPN
gujaf-75	179	46	&	&	CCONJ
gujaf-75	179	47	ndede	ndede	PROPN
gujaf-75	179	48	(	(	PUNCT
gujaf-75	179	49	2019	2019	NUM
gujaf-75	179	50	)	)	PUNCT
gujaf-75	179	51	in	in	ADP
gujaf-75	179	52	kenya	kenya	PROPN
gujaf-75	179	53	.	.	PUNCT
gujaf-75	180	1	in	in	ADP
gujaf-75	180	2	addition	addition	NOUN
gujaf-75	180	3	the	the	DET
gujaf-75	180	4	study	study	NOUN
gujaf-75	180	5	also	also	ADV
gujaf-75	180	6	confirmed	confirm	VERB
gujaf-75	180	7	positive	positive	ADJ
gujaf-75	180	8	but	but	CCONJ
gujaf-75	180	9	significant	significant	ADJ
gujaf-75	180	10	relationship	relationship	NOUN
gujaf-75	180	11	between	between	ADP
gujaf-75	180	12	earnings	earning	NOUN
gujaf-75	180	13	per	per	ADP
gujaf-75	180	14	share	share	NOUN
gujaf-75	180	15	and	and	CCONJ
gujaf-75	180	16	dividend	dividend	NOUN
gujaf-75	180	17	policy	policy	NOUN
gujaf-75	180	18	as	as	SCONJ
gujaf-75	180	19	suggested	suggest	VERB
gujaf-75	180	20	by	by	ADP
gujaf-75	180	21	linter	linter	NOUN
gujaf-75	180	22	1956	1956	NUM
gujaf-75	180	23	;	;	PUNCT
gujaf-75	180	24	adelegan	adelegan	PROPN
gujaf-75	180	25	2003	2003	NUM
gujaf-75	180	26	;	;	PUNCT
gujaf-75	180	27	musa	musa	PROPN
gujaf-75	180	28	2009	2009	NUM
gujaf-75	180	29	.	.	PUNCT
gujaf-75	181	1	the	the	DET
gujaf-75	181	2	result	result	NOUN
gujaf-75	181	3	of	of	ADP
gujaf-75	181	4	dummy	dummy	ADJ
gujaf-75	181	5	variables	variable	NOUN
gujaf-75	181	6	indicated	indicate	VERB
gujaf-75	181	7	that	that	SCONJ
gujaf-75	181	8	none	none	NOUN
gujaf-75	181	9	of	of	ADP
gujaf-75	181	10	the	the	DET
gujaf-75	181	11	board	board	NOUN
gujaf-75	181	12	size	size	NOUN
gujaf-75	181	13	as	as	ADV
gujaf-75	181	14	well	well	ADV
gujaf-75	181	15	as	as	ADP
gujaf-75	181	16	range	range	NOUN
gujaf-75	181	17	of	of	ADP
gujaf-75	181	18	value	value	NOUN
gujaf-75	181	19	specified	specify	VERB
gujaf-75	181	20	as	as	ADP
gujaf-75	181	21	optimal	optimal	ADJ
gujaf-75	181	22	board	board	NOUN
gujaf-75	181	23	structure	structure	NOUN
gujaf-75	181	24	was	be	AUX
gujaf-75	181	25	significant	significant	ADJ
gujaf-75	181	26	.	.	PUNCT
gujaf-75	182	1	thus	thus	ADV
gujaf-75	182	2	the	the	DET
gujaf-75	182	3	study	study	NOUN
gujaf-75	182	4	confirms	confirm	VERB
gujaf-75	182	5	that	that	SCONJ
gujaf-75	182	6	optimal	optimal	ADJ
gujaf-75	182	7	board	board	NOUN
gujaf-75	182	8	structure	structure	NOUN
gujaf-75	182	9	does	do	AUX
gujaf-75	182	10	not	not	PART
gujaf-75	182	11	exit	exit	VERB
gujaf-75	182	12	in	in	ADP
gujaf-75	182	13	the	the	DET
gujaf-75	182	14	nigerian	nigerian	ADJ
gujaf-75	182	15	banking	banking	NOUN
gujaf-75	182	16	sector	sector	NOUN
gujaf-75	182	17	.	.	PUNCT
gujaf-75	183	1	this	this	PRON
gujaf-75	183	2	in	in	ADP
gujaf-75	183	3	fact	fact	NOUN
gujaf-75	183	4	differ	differ	VERB
gujaf-75	183	5	from	from	ADP
gujaf-75	183	6	the	the	DET
gujaf-75	183	7	perception	perception	NOUN
gujaf-75	183	8	of	of	ADP
gujaf-75	183	9	advocate	advocate	NOUN
gujaf-75	183	10	of	of	ADP
gujaf-75	183	11	agency	agency	NOUN
gujaf-75	183	12	theory	theory	NOUN
gujaf-75	183	13	particularly	particularly	ADV
gujaf-75	183	14	jensen	jensen	PROPN
gujaf-75	183	15	&	&	CCONJ
gujaf-75	183	16	meckling	meckling	PROPN
gujaf-75	183	17	,	,	PUNCT
gujaf-75	183	18	(	(	PUNCT
gujaf-75	183	19	1976	1976	NUM
gujaf-75	183	20	)	)	PUNCT
gujaf-75	183	21	fama	fama	NOUN
gujaf-75	183	22	,	,	PUNCT
gujaf-75	183	23	(	(	PUNCT
gujaf-75	183	24	1980	1980	NUM
gujaf-75	183	25	)	)	PUNCT
gujaf-75	183	26	ghosh	ghosh	PROPN
gujaf-75	183	27	,	,	PUNCT
gujaf-75	183	28	(	(	PUNCT
gujaf-75	183	29	2003	2003	NUM
gujaf-75	183	30	)	)	PUNCT
gujaf-75	183	31	ali	ali	PROPN
gujaf-75	183	32	&	&	CCONJ
gujaf-75	183	33	teulon	teulon	PROPN
gujaf-75	183	34	,	,	PUNCT
gujaf-75	183	35	(	(	PUNCT
gujaf-75	183	36	2014	2014	NUM
gujaf-75	183	37	)	)	PUNCT
gujaf-75	183	38	reddy	reddy	PROPN
gujaf-75	183	39	,	,	PUNCT
gujaf-75	183	40	abidin	abidin	PROPN
gujaf-75	183	41	,	,	PUNCT
gujaf-75	183	42	&	&	CCONJ
gujaf-75	183	43	you	you	PRON
gujaf-75	183	44	,	,	PUNCT
gujaf-75	183	45	(	(	PUNCT
gujaf-75	183	46	2015	2015	NUM
gujaf-75	183	47	)	)	PUNCT
gujaf-75	183	48	who	who	PRON
gujaf-75	183	49	argued	argue	VERB
gujaf-75	183	50	against	against	ADP
gujaf-75	183	51	large	large	ADJ
gujaf-75	183	52	board	board	NOUN
gujaf-75	183	53	size	size	NOUN
gujaf-75	183	54	.	.	PUNCT
gujaf-75	184	1	the	the	DET
gujaf-75	184	2	study	study	NOUN
gujaf-75	184	3	also	also	ADV
gujaf-75	184	4	contradict	contradict	VERB
gujaf-75	184	5	the	the	DET
gujaf-75	184	6	postulate	postulate	NOUN
gujaf-75	184	7	of	of	ADP
gujaf-75	184	8	resource	resource	NOUN
gujaf-75	184	9	dependency	dependency	NOUN
gujaf-75	184	10	theory	theory	NOUN
gujaf-75	184	11	such	such	ADJ
gujaf-75	184	12	as	as	ADP
gujaf-75	184	13	dalton	dalton	PROPN
gujaf-75	184	14	,	,	PUNCT
gujaf-75	184	15	daily	daily	PROPN
gujaf-75	184	16	,	,	PUNCT
gujaf-75	184	17	johnson	johnson	PROPN
gujaf-75	184	18	,	,	PUNCT
gujaf-75	184	19	&	&	CCONJ
gujaf-75	184	20	ellstrand	ellstrand	NOUN
gujaf-75	184	21	,	,	PUNCT
gujaf-75	184	22	(	(	PUNCT
gujaf-75	184	23	1999	1999	NUM
gujaf-75	184	24	)	)	PUNCT
gujaf-75	184	25	who	who	PRON
gujaf-75	184	26	provided	provide	VERB
gujaf-75	184	27	support	support	NOUN
gujaf-75	184	28	for	for	ADP
gujaf-75	184	29	large	large	ADJ
gujaf-75	184	30	board	board	NOUN
gujaf-75	184	31	size	size	NOUN
gujaf-75	184	32	.	.	PUNCT
gujaf-75	185	1	thus	thus	ADV
gujaf-75	185	2	this	this	DET
gujaf-75	185	3	study	study	NOUN
gujaf-75	185	4	suggest	suggest	VERB
gujaf-75	185	5	that	that	SCONJ
gujaf-75	185	6	the	the	DET
gujaf-75	185	7	number	number	NOUN
gujaf-75	185	8	of	of	ADP
gujaf-75	185	9	directors	director	NOUN
gujaf-75	185	10	present	present	ADJ
gujaf-75	185	11	in	in	ADP
gujaf-75	185	12	the	the	DET
gujaf-75	185	13	board	board	NOUN
gujaf-75	185	14	may	may	AUX
gujaf-75	185	15	be	be	AUX
gujaf-75	185	16	small	small	ADJ
gujaf-75	185	17	or	or	CCONJ
gujaf-75	185	18	large	large	ADJ
gujaf-75	185	19	depend	depend	NOUN
gujaf-75	185	20	on	on	ADP
gujaf-75	185	21	the	the	DET
gujaf-75	185	22	situation	situation	NOUN
gujaf-75	185	23	that	that	PRON
gujaf-75	185	24	are	be	AUX
gujaf-75	185	25	peculiar	peculiar	ADJ
gujaf-75	185	26	to	to	ADP
gujaf-75	185	27	each	each	DET
gujaf-75	185	28	banks	bank	NOUN
gujaf-75	185	29	.	.	PUNCT
gujaf-75	186	1	by	by	ADP
gujaf-75	186	2	implication	implication	NOUN
gujaf-75	186	3	,	,	PUNCT
gujaf-75	186	4	investors	investor	NOUN
gujaf-75	186	5	should	should	AUX
gujaf-75	186	6	be	be	AUX
gujaf-75	186	7	aware	aware	ADJ
gujaf-75	186	8	that	that	SCONJ
gujaf-75	186	9	board	board	NOUN
gujaf-75	186	10	size	size	NOUN
gujaf-75	186	11	may	may	AUX
gujaf-75	186	12	not	not	PART
gujaf-75	186	13	be	be	AUX
gujaf-75	186	14	defined	define	VERB
gujaf-75	186	15	in	in	ADP
gujaf-75	186	16	the	the	DET
gujaf-75	186	17	banking	banking	NOUN
gujaf-75	186	18	sector	sector	NOUN
gujaf-75	186	19	and	and	CCONJ
gujaf-75	186	20	non	non	ADJ
gujaf-75	186	21	executive	executive	ADJ
gujaf-75	186	22	directors	director	NOUN
gujaf-75	186	23	appear	appear	VERB
gujaf-75	186	24	not	not	PART
gujaf-75	186	25	to	to	PART
gujaf-75	186	26	favour	favour	VERB
gujaf-75	186	27	the	the	DET
gujaf-75	186	28	payment	payment	NOUN
gujaf-75	186	29	of	of	ADP
gujaf-75	186	30	cash	cash	NOUN
gujaf-75	186	31	dividend	dividend	NOUN
gujaf-75	186	32	.	.	PUNCT
gujaf-75	187	1	this	this	PRON
gujaf-75	187	2	is	be	AUX
gujaf-75	187	3	obviously	obviously	ADV
gujaf-75	187	4	another	another	DET
gujaf-75	187	5	reason	reason	NOUN
gujaf-75	187	6	why	why	SCONJ
gujaf-75	187	7	dividends	dividend	NOUN
gujaf-75	187	8	are	be	AUX
gujaf-75	187	9	not	not	PART
gujaf-75	187	10	paid	pay	VERB
gujaf-75	187	11	some	some	PRON
gujaf-75	187	12	of	of	ADP
gujaf-75	187	13	the	the	DET
gujaf-75	187	14	time	time	NOUN
gujaf-75	187	15	.	.	PUNCT
gujaf-75	188	1	5	5	X
gujaf-75	188	2	.	.	X
gujaf-75	188	3	conclusion	conclusion	NOUN
gujaf-75	188	4	and	and	CCONJ
gujaf-75	188	5	recommendations	recommendation	NOUN
gujaf-75	188	6	the	the	DET
gujaf-75	188	7	study	study	NOUN
gujaf-75	188	8	examines	examine	VERB
gujaf-75	188	9	the	the	DET
gujaf-75	188	10	relationship	relationship	NOUN
gujaf-75	188	11	between	between	ADP
gujaf-75	188	12	optimal	optimal	ADJ
gujaf-75	188	13	board	board	NOUN
gujaf-75	188	14	structure	structure	NOUN
gujaf-75	188	15	and	and	CCONJ
gujaf-75	188	16	dividend	dividend	NOUN
gujaf-75	188	17	policy	policy	NOUN
gujaf-75	188	18	of	of	ADP
gujaf-75	188	19	banking	banking	NOUN
gujaf-75	188	20	firms	firm	NOUN
gujaf-75	188	21	.	.	PUNCT
gujaf-75	189	1	it	it	PRON
gujaf-75	189	2	identifies	identify	VERB
gujaf-75	189	3	optimal	optimal	ADJ
gujaf-75	189	4	board	board	NOUN
gujaf-75	189	5	structure	structure	NOUN
gujaf-75	189	6	in	in	ADP
gujaf-75	189	7	term	term	NOUN
gujaf-75	189	8	of	of	ADP
gujaf-75	189	9	the	the	DET
gujaf-75	189	10	executive	executive	ADJ
gujaf-75	189	11	directors	director	NOUN
gujaf-75	189	12	,	,	PUNCT
gujaf-75	189	13	nonexecutive	nonexecutive	ADJ
gujaf-75	189	14	directors	director	NOUN
gujaf-75	189	15	and	and	CCONJ
gujaf-75	189	16	reasonable	reasonable	ADJ
gujaf-75	189	17	number	number	NOUN
gujaf-75	189	18	of	of	ADP
gujaf-75	189	19	director	director	NOUN
gujaf-75	189	20	present	present	ADJ
gujaf-75	189	21	in	in	ADP
gujaf-75	189	22	the	the	DET
gujaf-75	189	23	board	board	NOUN
gujaf-75	189	24	.	.	PUNCT
gujaf-75	190	1	it	it	PRON
gujaf-75	190	2	argues	argue	VERB
gujaf-75	190	3	that	that	SCONJ
gujaf-75	190	4	appropriate	appropriate	ADJ
gujaf-75	190	5	number	number	NOUN
gujaf-75	190	6	of	of	ADP
gujaf-75	190	7	executive	executive	NOUN
gujaf-75	190	8	and	and	CCONJ
gujaf-75	190	9	non	non	ADJ
gujaf-75	190	10	executive	executive	ADJ
gujaf-75	190	11	directors	director	NOUN
gujaf-75	190	12	present	present	ADJ
gujaf-75	190	13	in	in	ADP
gujaf-75	190	14	the	the	DET
gujaf-75	190	15	board	board	NOUN
gujaf-75	190	16	would	would	AUX
gujaf-75	190	17	driver	driver	VERB
gujaf-75	190	18	dividend	dividend	NOUN
gujaf-75	190	19	policy	policy	NOUN
gujaf-75	190	20	.	.	PUNCT
gujaf-75	191	1	the	the	DET
gujaf-75	191	2	study	study	NOUN
gujaf-75	191	3	was	be	AUX
gujaf-75	191	4	based	base	VERB
gujaf-75	191	5	on	on	ADP
gujaf-75	191	6	agency	agency	NOUN
gujaf-75	191	7	and	and	CCONJ
gujaf-75	191	8	resource	resource	NOUN
gujaf-75	191	9	dependency	dependency	NOUN
gujaf-75	191	10	theory	theory	NOUN
gujaf-75	191	11	of	of	ADP
gujaf-75	191	12	corporate	corporate	ADJ
gujaf-75	191	13	governance	governance	NOUN
gujaf-75	191	14	.	.	PUNCT
gujaf-75	192	1	several	several	ADJ
gujaf-75	192	2	literatures	literature	NOUN
gujaf-75	192	3	were	be	AUX
gujaf-75	192	4	reviewed	review	VERB
gujaf-75	192	5	to	to	PART
gujaf-75	192	6	justify	justify	VERB
gujaf-75	192	7	the	the	DET
gujaf-75	192	8	reality	reality	NOUN
gujaf-75	192	9	of	of	ADP
gujaf-75	192	10	governance	governance	NOUN
gujaf-75	192	11	as	as	ADP
gujaf-75	192	12	critical	critical	ADJ
gujaf-75	192	13	factors	factor	NOUN
gujaf-75	192	14	that	that	PRON
gujaf-75	192	15	may	may	AUX
gujaf-75	192	16	influence	influence	VERB
gujaf-75	192	17	the	the	DET
gujaf-75	192	18	return	return	NOUN
gujaf-75	192	19	of	of	ADP
gujaf-75	192	20	the	the	DET
gujaf-75	192	21	shareholders	shareholder	NOUN
gujaf-75	192	22	.	.	PUNCT
gujaf-75	193	1	the	the	DET
gujaf-75	193	2	study	study	NOUN
gujaf-75	193	3	employed	employ	VERB
gujaf-75	193	4	panel	panel	NOUN
gujaf-75	193	5	data	datum	NOUN
gujaf-75	193	6	approach	approach	NOUN
gujaf-75	193	7	and	and	CCONJ
gujaf-75	193	8	used	use	VERB
gujaf-75	193	9	stata	stata	NOUN
gujaf-75	193	10	software	software	NOUN
gujaf-75	193	11	package	package	NOUN
gujaf-75	193	12	to	to	PART
gujaf-75	193	13	analyse	analyse	VERB
gujaf-75	193	14	the	the	DET
gujaf-75	193	15	data	datum	NOUN
gujaf-75	193	16	collected	collect	VERB
gujaf-75	193	17	from	from	ADP
gujaf-75	193	18	commercial	commercial	ADJ
gujaf-75	193	19	banks	bank	NOUN
gujaf-75	193	20	.	.	PUNCT
gujaf-75	194	1	findings	finding	NOUN
gujaf-75	194	2	from	from	ADP
gujaf-75	194	3	the	the	DET
gujaf-75	194	4	result	result	NOUN
gujaf-75	194	5	suggest	suggest	VERB
gujaf-75	194	6	that	that	SCONJ
gujaf-75	194	7	executive	executive	ADJ
gujaf-75	194	8	directors	director	NOUN
gujaf-75	194	9	positively	positively	ADV
gujaf-75	194	10	drive	drive	VERB
gujaf-75	194	11	dividend	dividend	NOUN
gujaf-75	194	12	policy	policy	NOUN
gujaf-75	194	13	but	but	CCONJ
gujaf-75	194	14	not	not	PART
gujaf-75	194	15	significant	significant	ADJ
gujaf-75	194	16	while	while	SCONJ
gujaf-75	194	17	non	non	ADJ
gujaf-75	194	18	executive	executive	ADJ
gujaf-75	194	19	director	director	NOUN
gujaf-75	194	20	is	be	AUX
gujaf-75	194	21	negative	negative	ADJ
gujaf-75	194	22	but	but	CCONJ
gujaf-75	194	23	significantly	significantly	ADV
gujaf-75	194	24	influenced	influence	VERB
gujaf-75	194	25	dividend	dividend	NOUN
gujaf-75	194	26	policy	policy	NOUN
gujaf-75	194	27	.	.	PUNCT
gujaf-75	195	1	the	the	DET
gujaf-75	195	2	study	study	NOUN
gujaf-75	195	3	also	also	ADV
gujaf-75	195	4	confirms	confirm	VERB
gujaf-75	195	5	that	that	SCONJ
gujaf-75	195	6	optimal	optimal	ADJ
gujaf-75	195	7	board	board	NOUN
gujaf-75	195	8	size	size	NOUN
gujaf-75	195	9	that	that	PRON
gujaf-75	195	10	is	be	AUX
gujaf-75	195	11	the	the	DET
gujaf-75	195	12	number	number	NOUN
gujaf-75	195	13	of	of	ADP
gujaf-75	195	14	executive	executive	ADJ
gujaf-75	195	15	and	and	CCONJ
gujaf-75	195	16	non	non	ADJ
gujaf-75	195	17	executive	executive	ADJ
gujaf-75	195	18	directors	director	NOUN
gujaf-75	195	19	that	that	PRON
gujaf-75	195	20	would	would	AUX
gujaf-75	195	21	influence	influence	VERB
gujaf-75	195	22	dividend	dividend	NOUN
gujaf-75	195	23	policy	policy	NOUN
gujaf-75	195	24	can	can	AUX
gujaf-75	195	25	not	not	PART
gujaf-75	195	26	be	be	AUX
gujaf-75	195	27	defined	define	VERB
gujaf-75	195	28	within	within	ADP
gujaf-75	195	29	the	the	DET
gujaf-75	195	30	contest	contest	NOUN
gujaf-75	195	31	of	of	ADP
gujaf-75	195	32	gusau	gusau	ADJ
gujaf-75	195	33	journal	journal	PROPN
gujaf-75	195	34	of	of	ADP
gujaf-75	195	35	accounting	accounting	NOUN
gujaf-75	195	36	and	and	CCONJ
gujaf-75	195	37	finance	finance	NOUN
gujaf-75	195	38	,	,	PUNCT
gujaf-75	195	39	vol	vol	NOUN
gujaf-75	195	40	.	.	PROPN
gujaf-75	195	41	2	2	NUM
gujaf-75	195	42	,	,	PUNCT
gujaf-75	195	43	issue	issue	NOUN
gujaf-75	195	44	3	3	NUM
gujaf-75	195	45	,	,	PUNCT
gujaf-75	195	46	april	april	PROPN
gujaf-75	195	47	,	,	PUNCT
gujaf-75	195	48	2021	2021	NUM
gujaf-75	195	49	10	10	NUM
gujaf-75	195	50	nigerian	nigerian	ADJ
gujaf-75	195	51	banks	bank	NOUN
gujaf-75	195	52	.	.	PUNCT
gujaf-75	196	1	board	board	NOUN
gujaf-75	196	2	size	size	NOUN
gujaf-75	196	3	is	be	AUX
gujaf-75	196	4	situational	situational	ADJ
gujaf-75	196	5	among	among	ADP
gujaf-75	196	6	nigerian	nigerian	ADJ
gujaf-75	196	7	banks	bank	NOUN
gujaf-75	196	8	.	.	PUNCT
gujaf-75	197	1	on	on	ADP
gujaf-75	197	2	the	the	DET
gujaf-75	197	3	basis	basis	NOUN
gujaf-75	197	4	of	of	ADP
gujaf-75	197	5	this	this	DET
gujaf-75	197	6	conclusion	conclusion	NOUN
gujaf-75	197	7	the	the	DET
gujaf-75	197	8	study	study	NOUN
gujaf-75	197	9	recommends	recommend	VERB
gujaf-75	197	10	that	that	SCONJ
gujaf-75	197	11	commercial	commercial	ADJ
gujaf-75	197	12	bank	bank	NOUN
gujaf-75	197	13	should	should	AUX
gujaf-75	197	14	fix	fix	VERB
gujaf-75	197	15	the	the	DET
gujaf-75	197	16	board	board	NOUN
gujaf-75	197	17	size	size	NOUN
gujaf-75	197	18	in	in	ADP
gujaf-75	197	19	line	line	NOUN
gujaf-75	197	20	with	with	ADP
gujaf-75	197	21	their	their	PRON
gujaf-75	197	22	prevailing	prevail	VERB
gujaf-75	197	23	circumstances	circumstance	NOUN
gujaf-75	197	24	and	and	CCONJ
gujaf-75	197	25	policy	policy	NOUN
gujaf-75	197	26	should	should	AUX
gujaf-75	197	27	be	be	AUX
gujaf-75	197	28	directed	direct	VERB
gujaf-75	197	29	to	to	PART
gujaf-75	197	30	improve	improve	VERB
gujaf-75	197	31	the	the	DET
gujaf-75	197	32	independence	independence	NOUN
gujaf-75	197	33	and	and	CCONJ
gujaf-75	197	34	quality	quality	NOUN
gujaf-75	197	35	of	of	ADP
gujaf-75	197	36	non	non	ADJ
gujaf-75	197	37	executive	executive	ADJ
gujaf-75	197	38	directors	director	NOUN
gujaf-75	197	39	so	so	SCONJ
gujaf-75	197	40	as	as	SCONJ
gujaf-75	197	41	to	to	PART
gujaf-75	197	42	enable	enable	VERB
gujaf-75	197	43	them	they	PRON
gujaf-75	197	44	to	to	PART
gujaf-75	197	45	check	check	VERB
gujaf-75	197	46	the	the	DET
gujaf-75	197	47	excesses	excess	NOUN
gujaf-75	197	48	of	of	ADP
gujaf-75	197	49	executive	executive	ADJ
gujaf-75	197	50	directors	director	NOUN
gujaf-75	197	51	and	and	CCONJ
gujaf-75	197	52	improve	improve	VERB
gujaf-75	197	53	dividend	dividend	NOUN
gujaf-75	197	54	policy	policy	NOUN
gujaf-75	197	55	.	.	PUNCT
gujaf-75	198	1	references	reference	NOUN
gujaf-75	198	2	adelegan	adelegan	PROPN
gujaf-75	198	3	,	,	PUNCT
gujaf-75	198	4	o.	o.	PROPN
gujaf-75	198	5	(	(	PUNCT
gujaf-75	198	6	2001	2001	NUM
gujaf-75	198	7	)	)	PUNCT
gujaf-75	198	8	.	.	PUNCT
gujaf-75	199	1	the	the	DET
gujaf-75	199	2	impact	impact	NOUN
gujaf-75	199	3	of	of	ADP
gujaf-75	199	4	growth	growth	NOUN
gujaf-75	199	5	prospect	prospect	NOUN
gujaf-75	199	6	,	,	PUNCT
gujaf-75	199	7	leverage	leverage	NOUN
gujaf-75	199	8	and	and	CCONJ
gujaf-75	199	9	firm	firm	ADJ
gujaf-75	199	10	size	size	NOUN
gujaf-75	199	11	on	on	ADP
gujaf-75	199	12	dividend	dividend	NOUN
gujaf-75	199	13	behaviour	behaviour	NOUN
gujaf-75	199	14	of	of	ADP
gujaf-75	199	15	corporate	corporate	ADJ
gujaf-75	199	16	firms	firm	NOUN
gujaf-75	199	17	in	in	ADP
gujaf-75	199	18	nigeria.manuscript	nigeria.manuscript	PROPN
gujaf-75	199	19	,	,	PUNCT
gujaf-75	199	20	department	department	NOUN
gujaf-75	199	21	of	of	ADP
gujaf-75	199	22	economics	economic	NOUN
gujaf-75	199	23	,	,	PUNCT
gujaf-75	199	24	university	university	NOUN
gujaf-75	199	25	of	of	ADP
gujaf-75	199	26	ibadan	ibadan	PROPN
gujaf-75	199	27	.	.	PUNCT
gujaf-75	200	1	agrawal	agrawal	PROPN
gujaf-75	200	2	,	,	PUNCT
gujaf-75	200	3	a.	a.	PROPN
gujaf-75	200	4	,	,	PUNCT
gujaf-75	200	5	&	&	CCONJ
gujaf-75	200	6	knoeber	knoeber	PROPN
gujaf-75	200	7	,	,	PUNCT
gujaf-75	200	8	c.	c.	PROPN
gujaf-75	200	9	r	r	PROPN
gujaf-75	200	10	(	(	PUNCT
gujaf-75	200	11	1996).firm	1996).firm	NUM
gujaf-75	200	12	performance	performance	NOUN
gujaf-75	200	13	and	and	CCONJ
gujaf-75	200	14	mechanism	mechanism	NOUN
gujaf-75	200	15	to	to	PART
gujaf-75	200	16	control	control	VERB
gujaf-75	200	17	agency	agency	NOUN
gujaf-75	200	18	problems	problem	NOUN
gujaf-75	200	19	between	between	ADP
gujaf-75	200	20	managers	manager	NOUN
gujaf-75	200	21	and	and	CCONJ
gujaf-75	200	22	shareholders.journal	shareholders.journal	PROPN
gujaf-75	200	23	of	of	ADP
gujaf-75	200	24	financial	financial	ADJ
gujaf-75	200	25	and	and	CCONJ
gujaf-75	200	26	quantitative	quantitative	ADJ
gujaf-75	200	27	analysis	analysis	NOUN
gujaf-75	200	28	,	,	PUNCT
gujaf-75	200	29	31	31	NUM
gujaf-75	200	30	,	,	PUNCT
gujaf-75	200	31	377397	377397	NUM
gujaf-75	200	32	.	.	PUNCT
gujaf-75	201	1	ali	ali	PROPN
gujaf-75	201	2	,	,	PUNCT
gujaf-75	201	3	c.	c.	PROPN
gujaf-75	201	4	b.	b.	PROPN
gujaf-75	201	5	,	,	PUNCT
gujaf-75	201	6	&	&	CCONJ
gujaf-75	201	7	teulon	teulon	PROPN
gujaf-75	201	8	,	,	PUNCT
gujaf-75	201	9	f.	f.	PROPN
gujaf-75	201	10	(	(	PUNCT
gujaf-75	201	11	2014	2014	NUM
gujaf-75	201	12	)	)	PUNCT
gujaf-75	201	13	.	.	PUNCT
gujaf-75	202	1	ceo	ceo	NOUN
gujaf-75	202	2	monitoring	monitoring	NOUN
gujaf-75	202	3	and	and	CCONJ
gujaf-75	202	4	board	board	NOUN
gujaf-75	202	5	effectiveness	effectiveness	NOUN
gujaf-75	202	6	:	:	PUNCT
gujaf-75	202	7	resolving	resolve	VERB
gujaf-75	202	8	ceo	ceo	NOUN
gujaf-75	202	9	compensation	compensation	NOUN
gujaf-75	202	10	issue	issue	NOUN
gujaf-75	202	11	(	(	PUNCT
gujaf-75	202	12	no	no	INTJ
gujaf-75	202	13	.	.	NOUN
gujaf-75	202	14	2014	2014	NUM
gujaf-75	202	15	-	-	SYM
gujaf-75	202	16	045	045	NUM
gujaf-75	202	17	)	)	PUNCT
gujaf-75	202	18	.	.	PUNCT
gujaf-75	203	1	paris	paris	PROPN
gujaf-75	203	2	:	:	PUNCT
gujaf-75	203	3	ipag	ipag	PROPN
gujaf-75	203	4	business	business	NOUN
gujaf-75	203	5	school	school	NOUN
gujaf-75	203	6	.	.	PUNCT
gujaf-75	204	1	google	google	PROPN
gujaf-75	204	2	scholar	scholar	PROPN
gujaf-75	204	3	awotundun	awotundun	PROPN
gujaf-75	204	4	d.	d.	PROPN
gujaf-75	204	5	a.	a.	PROPN
gujaf-75	204	6	(	(	PUNCT
gujaf-75	204	7	2016	2016	NUM
gujaf-75	204	8	)	)	PUNCT
gujaf-75	204	9	.	.	PUNCT
gujaf-75	205	1	corporate	corporate	ADJ
gujaf-75	205	2	governance	governance	NOUN
gujaf-75	205	3	and	and	CCONJ
gujaf-75	205	4	dividend	dividend	NOUN
gujaf-75	205	5	policy	policy	NOUN
gujaf-75	205	6	of	of	ADP
gujaf-75	205	7	deposit	deposit	NOUN
gujaf-75	205	8	money	money	NOUN
gujaf-75	205	9	banks	bank	NOUN
gujaf-75	205	10	in	in	ADP
gujaf-75	205	11	nigeria	nigeria	PROPN
gujaf-75	205	12	.	.	PUNCT
gujaf-75	206	1	thesis	thesis	NOUN
gujaf-75	206	2	submitted	submit	VERB
gujaf-75	206	3	at	at	ADP
gujaf-75	206	4	department	department	NOUN
gujaf-75	206	5	of	of	ADP
gujaf-75	206	6	accounting	accounting	NOUN
gujaf-75	206	7	and	and	CCONJ
gujaf-75	206	8	banking	banking	NOUN
gujaf-75	206	9	&	&	CCONJ
gujaf-75	206	10	finance	finance	NOUN
gujaf-75	206	11	,	,	PUNCT
gujaf-75	206	12	faculty	faculty	NOUN
gujaf-75	206	13	of	of	ADP
gujaf-75	206	14	social	social	ADJ
gujaf-75	206	15	and	and	CCONJ
gujaf-75	206	16	management	management	NOUN
gujaf-75	206	17	sciences	science	NOUN
gujaf-75	206	18	,	,	PUNCT
gujaf-75	206	19	olabisi	olabisi	ADJ
gujaf-75	206	20	onabanjo	onabanjo	PROPN
gujaf-75	206	21	university	university	NOUN
gujaf-75	206	22	,	,	PUNCT
gujaf-75	206	23	ago	ago	ADV
gujaf-75	206	24	-	-	PUNCT
gujaf-75	206	25	iwoye	iwoye	VERB
gujaf-75	206	26	,	,	PUNCT
gujaf-75	206	27	ogun	ogun	PROPN
gujaf-75	206	28	state	state	PROPN
gujaf-75	206	29	,	,	PUNCT
gujaf-75	206	30	nigeria	nigeria	PROPN
gujaf-75	206	31	,	,	PUNCT
gujaf-75	206	32	for	for	ADP
gujaf-75	206	33	the	the	DET
gujaf-75	206	34	award	award	NOUN
gujaf-75	206	35	of	of	ADP
gujaf-75	206	36	doctor	doctor	NOUN
gujaf-75	206	37	of	of	ADP
gujaf-75	206	38	philosophy	philosophy	NOUN
gujaf-75	206	39	(	(	PUNCT
gujaf-75	206	40	ph.d	ph.d	PROPN
gujaf-75	206	41	)	)	PUNCT
gujaf-75	206	42	awotundun	awotundun	PROPN
gujaf-75	206	43	d.	d.	PROPN
gujaf-75	206	44	a.	a.	PROPN
gujaf-75	206	45	,	,	PUNCT
gujaf-75	206	46	somoye	somoye	VERB
gujaf-75	206	47	,	,	PUNCT
gujaf-75	206	48	r.o.c	r.o.c	PROPN
gujaf-75	206	49	.	.	PROPN
gujaf-75	206	50	&	&	CCONJ
gujaf-75	207	1	akingunola	akingunola	PROPN
gujaf-75	207	2	r.o	r.o	PROPN
gujaf-75	207	3	.	.	PROPN
gujaf-75	207	4	ogunlana	ogunlana	PROPN
gujaf-75	207	5	,	,	PUNCT
gujaf-75	207	6	o.	o.	PROPN
gujaf-75	207	7	f.	f.	PROPN
gujaf-75	207	8	(	(	PUNCT
gujaf-75	207	9	2017	2017	NUM
gujaf-75	207	10	)	)	PUNCT
gujaf-75	207	11	.	.	PUNCT
gujaf-75	208	1	coporate	coporate	ADJ
gujaf-75	208	2	governance	governance	NOUN
gujaf-75	208	3	and	and	CCONJ
gujaf-75	208	4	dividend	dividend	NOUN
gujaf-75	208	5	policy	policy	NOUN
gujaf-75	208	6	of	of	ADP
gujaf-75	208	7	listed	list	VERB
gujaf-75	208	8	deposit	deposit	NOUN
gujaf-75	208	9	money	money	NOUN
gujaf-75	208	10	banks	bank	NOUN
gujaf-75	208	11	in	in	ADP
gujaf-75	208	12	nigeria	nigeria	PROPN
gujaf-75	208	13	:	:	PUNCT
gujaf-75	208	14	a	a	DET
gujaf-75	208	15	dynamic	dynamic	ADJ
gujaf-75	208	16	approach	approach	NOUN
gujaf-75	208	17	.	.	PUNCT
gujaf-75	209	1	being	be	AUX
gujaf-75	209	2	annual	annual	ADJ
gujaf-75	209	3	conference	conference	NOUN
gujaf-75	209	4	of	of	ADP
gujaf-75	209	5	department	department	PROPN
gujaf-75	209	6	of	of	ADP
gujaf-75	209	7	business	business	PROPN
gujaf-75	209	8	administration	administration	PROPN
gujaf-75	209	9	lagos	lagos	PROPN
gujaf-75	209	10	state	state	PROPN
gujaf-75	209	11	university	university	PROPN
gujaf-75	209	12	on	on	ADP
gujaf-75	209	13	managing	manage	VERB
gujaf-75	209	14	organisations	organisation	NOUN
gujaf-75	209	15	in	in	ADP
gujaf-75	209	16	a	a	DET
gujaf-75	209	17	turbulent	turbulent	ADJ
gujaf-75	209	18	environment	environment	NOUN
gujaf-75	209	19	for	for	ADP
gujaf-75	209	20	economic	economic	ADJ
gujaf-75	209	21	recovery	recovery	NOUN
gujaf-75	209	22	,	,	PUNCT
gujaf-75	209	23	lagos	lagos	PROPN
gujaf-75	209	24	,	,	PUNCT
gujaf-75	209	25	nigeria	nigeria	PROPN
gujaf-75	209	26	.	.	PUNCT
gujaf-75	210	1	bhagat	bhagat	PROPN
gujaf-75	210	2	,	,	PUNCT
gujaf-75	210	3	s.	s.	PROPN
gujaf-75	210	4	,	,	PUNCT
gujaf-75	210	5	&	&	CCONJ
gujaf-75	210	6	black	black	PROPN
gujaf-75	210	7	,	,	PUNCT
gujaf-75	210	8	b.	b.	PROPN
gujaf-75	210	9	(	(	PUNCT
gujaf-75	210	10	2002).the	2002).the	DET
gujaf-75	210	11	non	non	NOUN
gujaf-75	210	12	-	-	NOUN
gujaf-75	210	13	correlation	correlation	NOUN
gujaf-75	210	14	between	between	ADP
gujaf-75	210	15	board	board	NOUN
gujaf-75	210	16	independence	independence	NOUN
gujaf-75	210	17	and	and	CCONJ
gujaf-75	210	18	long	long	ADJ
gujaf-75	210	19	-	-	PUNCT
gujaf-75	210	20	term	term	NOUN
gujaf-75	210	21	firm	firm	NOUN
gujaf-75	210	22	performance.journal	performance.journal	NOUN
gujaf-75	210	23	of	of	ADP
gujaf-75	210	24	corporation	corporation	NOUN
gujaf-75	210	25	law.27	law.27	PROPN
gujaf-75	210	26	,	,	PUNCT
gujaf-75	210	27	231	231	NUM
gujaf-75	210	28	-	-	SYM
gujaf-75	210	29	254	254	NUM
gujaf-75	210	30	.	.	PUNCT
gujaf-75	211	1	cbn	cbn	PROPN
gujaf-75	211	2	,	,	PUNCT
gujaf-75	211	3	(	(	PUNCT
gujaf-75	211	4	2006	2006	NUM
gujaf-75	211	5	)	)	PUNCT
gujaf-75	211	6	.	.	PUNCT
gujaf-75	212	1	code	code	NOUN
gujaf-75	212	2	of	of	ADP
gujaf-75	212	3	corporate	corporate	ADJ
gujaf-75	212	4	governance	governance	NOUN
gujaf-75	212	5	of	of	ADP
gujaf-75	212	6	banks	bank	NOUN
gujaf-75	212	7	in	in	ADP
gujaf-75	212	8	nigeria	nigeria	PROPN
gujaf-75	212	9	post	post	PROPN
gujaf-75	212	10	consolidation.[cbn	consolidation.[cbn	NOUN
gujaf-75	212	11	,	,	PUNCT
gujaf-75	212	12	abuja	abuja	PROPN
gujaf-75	212	13	]	]	PUNCT
gujaf-75	212	14	dalton	dalton	PROPN
gujaf-75	212	15	,	,	PUNCT
gujaf-75	212	16	d.	d.	PROPN
gujaf-75	212	17	r.	r.	PROPN
gujaf-75	212	18	,	,	PUNCT
gujaf-75	212	19	daily	daily	ADV
gujaf-75	212	20	,	,	PUNCT
gujaf-75	212	21	c.	c.	PROPN
gujaf-75	212	22	m.	m.	PROPN
gujaf-75	212	23	,	,	PUNCT
gujaf-75	212	24	johnson	johnson	PROPN
gujaf-75	212	25	,	,	PUNCT
gujaf-75	212	26	j.	j.	PROPN
gujaf-75	212	27	l.	l.	PROPN
gujaf-75	212	28	,	,	PUNCT
gujaf-75	212	29	&	&	CCONJ
gujaf-75	212	30	ellstrand	ellstrand	PROPN
gujaf-75	212	31	,	,	PUNCT
gujaf-75	212	32	a.	a.	PROPN
gujaf-75	212	33	e.	e.	PROPN
gujaf-75	212	34	(	(	PUNCT
gujaf-75	212	35	1999	1999	NUM
gujaf-75	212	36	)	)	PUNCT
gujaf-75	212	37	.	.	PUNCT
gujaf-75	213	1	number	number	NOUN
gujaf-75	213	2	of	of	ADP
gujaf-75	213	3	directors	director	NOUN
gujaf-75	213	4	and	and	CCONJ
gujaf-75	213	5	financial	financial	ADJ
gujaf-75	213	6	performance	performance	NOUN
gujaf-75	213	7	:	:	PUNCT
gujaf-75	213	8	a	a	DET
gujaf-75	213	9	meta	meta	ADJ
gujaf-75	213	10	-	-	PUNCT
gujaf-75	213	11	analysis	analysis	NOUN
gujaf-75	213	12	.	.	PUNCT
gujaf-75	214	1	academy	academy	PROPN
gujaf-75	214	2	of	of	ADP
gujaf-75	214	3	management	management	PROPN
gujaf-75	214	4	journal	journal	NOUN
gujaf-75	214	5	,	,	PUNCT
gujaf-75	214	6	42(6	42(6	NOUN
gujaf-75	214	7	)	)	PUNCT
gujaf-75	214	8	,	,	PUNCT
gujaf-75	214	9	674–686	674–686	NUM
gujaf-75	214	10	fama	fama	NOUN
gujaf-75	214	11	,	,	PUNCT
gujaf-75	214	12	e.f	e.f	PROPN
gujaf-75	214	13	.	.	PROPN
gujaf-75	214	14	(	(	PUNCT
gujaf-75	214	15	1980	1980	NUM
gujaf-75	214	16	)	)	PUNCT
gujaf-75	214	17	.	.	PUNCT
gujaf-75	215	1	agency	agency	NOUN
gujaf-75	215	2	problems	problem	NOUN
gujaf-75	215	3	and	and	CCONJ
gujaf-75	215	4	the	the	DET
gujaf-75	215	5	theory	theory	NOUN
gujaf-75	215	6	of	of	ADP
gujaf-75	215	7	the	the	DET
gujaf-75	215	8	firm.journal	firm.journal	PROPN
gujaf-75	215	9	of	of	ADP
gujaf-75	215	10	political	political	ADJ
gujaf-75	215	11	economy	economy	NOUN
gujaf-75	215	12	,	,	PUNCT
gujaf-75	215	13	88	88	NUM
gujaf-75	215	14	,	,	PUNCT
gujaf-75	215	15	288307	288307	NUM
gujaf-75	215	16	.	.	PUNCT
gujaf-75	216	1	fama	fama	PROPN
gujaf-75	216	2	,	,	PUNCT
gujaf-75	216	3	e.f	e.f	PROPN
gujaf-75	216	4	.	.	PROPN
gujaf-75	216	5	,	,	PUNCT
gujaf-75	216	6	&	&	CCONJ
gujaf-75	216	7	jensen	jensen	PROPN
gujaf-75	216	8	,	,	PUNCT
gujaf-75	216	9	m.	m.	NOUN
gujaf-75	216	10	(	(	PUNCT
gujaf-75	216	11	1983).separation	1983).separation	NUM
gujaf-75	216	12	of	of	ADP
gujaf-75	216	13	ownership	ownership	NOUN
gujaf-75	216	14	and	and	CCONJ
gujaf-75	216	15	control.journal	control.journal	ADJ
gujaf-75	216	16	of	of	ADP
gujaf-75	216	17	law	law	NOUN
gujaf-75	216	18	and	and	CCONJ
gujaf-75	216	19	economics	economic	NOUN
gujaf-75	216	20	,	,	PUNCT
gujaf-75	216	21	26	26	NUM
gujaf-75	216	22	,	,	PUNCT
gujaf-75	216	23	301	301	NUM
gujaf-75	216	24	-	-	SYM
gujaf-75	216	25	325	325	NUM
gujaf-75	216	26	.	.	PUNCT
gujaf-75	217	1	ghosh	ghosh	PROPN
gujaf-75	217	2	,	,	PUNCT
gujaf-75	217	3	a.	a.	PROPN
gujaf-75	217	4	(	(	PUNCT
gujaf-75	217	5	2003	2003	NUM
gujaf-75	217	6	)	)	PUNCT
gujaf-75	217	7	.	.	PUNCT
gujaf-75	218	1	board	board	NOUN
gujaf-75	218	2	structure	structure	NOUN
gujaf-75	218	3	,	,	PUNCT
gujaf-75	218	4	executive	executive	NOUN
gujaf-75	218	5	compensation	compensation	NOUN
gujaf-75	218	6	and	and	CCONJ
gujaf-75	218	7	firm	firm	ADJ
gujaf-75	218	8	performance	performance	NOUN
gujaf-75	218	9	in	in	ADP
gujaf-75	218	10	emerging	emerge	VERB
gujaf-75	218	11	economies	economy	NOUN
gujaf-75	218	12	:	:	PUNCT
gujaf-75	218	13	evidence	evidence	NOUN
gujaf-75	218	14	from	from	ADP
gujaf-75	218	15	india.mumbai	india.mumbai	PRON
gujaf-75	218	16	:	:	PUNCT
gujaf-75	218	17	indira	indira	PROPN
gujaf-75	218	18	gandhi	gandhi	PROPN
gujaf-75	218	19	institute	institute	PROPN
gujaf-75	218	20	of	of	ADP
gujaf-75	218	21	development	development	PROPN
gujaf-75	218	22	research.gooble	research.gooble	PROPN
gujaf-75	218	23	scholar	scholar	NOUN
gujaf-75	218	24	gitman	gitman	NOUN
gujaf-75	218	25	,	,	PUNCT
gujaf-75	218	26	l.	l.	PROPN
gujaf-75	218	27	j.	j.	PROPN
gujaf-75	218	28	,	,	PUNCT
gujaf-75	218	29	and	and	CCONJ
gujaf-75	218	30	zutter	zutter	NOUN
gujaf-75	218	31	,	,	PUNCT
gujaf-75	218	32	c.	c.	PROPN
gujaf-75	218	33	j.	j.	PROPN
gujaf-75	218	34	(	(	PUNCT
gujaf-75	218	35	2015	2015	NUM
gujaf-75	218	36	)	)	PUNCT
gujaf-75	218	37	.	.	PUNCT
gujaf-75	219	1	“	"	PUNCT
gujaf-75	219	2	principles	principle	NOUN
gujaf-75	219	3	of	of	ADP
gujaf-75	219	4	managerial	managerial	ADJ
gujaf-75	219	5	finance	finance	NOUN
gujaf-75	219	6	”	"	PUNCT
gujaf-75	219	7	,	,	PUNCT
gujaf-75	219	8	14th	14th	ADJ
gujaf-75	219	9	edition	edition	NOUN
gujaf-75	219	10	,	,	PUNCT
gujaf-75	219	11	pearson	pearson	PROPN
gujaf-75	219	12	.	.	PROPN
gujaf-75	219	13	hussain	hussain	PROPN
gujaf-75	219	14	,	,	PUNCT
gujaf-75	219	15	t.	t.	PROPN
gujaf-75	219	16	,	,	PUNCT
gujaf-75	219	17	mahfuzur	mahfuzur	NOUN
gujaf-75	219	18	,	,	PUNCT
gujaf-75	219	19	r	r	NOUN
gujaf-75	219	20	,	,	PUNCT
gujaf-75	219	21	&	&	CCONJ
gujaf-75	219	22	ridzuan	ridzuan	PROPN
gujaf-75	219	23	m.	m.	PROPN
gujaf-75	219	24	(	(	PUNCT
gujaf-75	219	25	2020	2020	NUM
gujaf-75	219	26	)	)	PUNCT
gujaf-75	219	27	.	.	PUNCT
gujaf-75	220	1	do	do	VERB
gujaf-75	220	2	board	board	NOUN
gujaf-75	220	3	traits	trait	NOUN
gujaf-75	220	4	influence	influence	NOUN
gujaf-75	220	5	firms	firm	NOUN
gujaf-75	220	6	'	'	PART
gujaf-75	220	7	dividend	dividend	NOUN
gujaf-75	220	8	payout	payout	NOUN
gujaf-75	220	9	policy	policy	NOUN
gujaf-75	220	10	?	?	PUNCT
gujaf-75	221	1	evidence	evidence	NOUN
gujaf-75	221	2	from	from	ADP
gujaf-75	221	3	malaysia	malaysia	PROPN
gujaf-75	221	4	.	.	PUNCT
gujaf-75	222	1	journal	journal	PROPN
gujaf-75	222	2	of	of	ADP
gujaf-75	222	3	asian	asian	ADJ
gujaf-75	222	4	finance	finance	NOUN
gujaf-75	222	5	,	,	PUNCT
gujaf-75	222	6	economics	economic	NOUN
gujaf-75	222	7	and	and	CCONJ
gujaf-75	222	8	business	business	NOUN
gujaf-75	222	9	,	,	PUNCT
gujaf-75	222	10	7	7	NUM
gujaf-75	222	11	(	(	PUNCT
gujaf-75	222	12	3	3	NUM
gujaf-75	222	13	)	)	PUNCT
gujaf-75	222	14	pp87	pp87	PROPN
gujaf-75	222	15	-	-	PUNCT
gujaf-75	222	16	99	99	NUM
gujaf-75	222	17	jensen	jensen	PROPN
gujaf-75	222	18	,	,	PUNCT
gujaf-75	222	19	m.	m.	PROPN
gujaf-75	222	20	c.	c.	PROPN
gujaf-75	222	21	,	,	PUNCT
gujaf-75	222	22	&	&	CCONJ
gujaf-75	222	23	meckling	meckling	PROPN
gujaf-75	222	24	,	,	PUNCT
gujaf-75	222	25	w.	w.	PROPN
gujaf-75	222	26	h.	h.	PROPN
gujaf-75	223	1	(	(	PUNCT
gujaf-75	223	2	1976).theory	1976).theory	NUM
gujaf-75	223	3	of	of	ADP
gujaf-75	223	4	the	the	DET
gujaf-75	223	5	firm	firm	NOUN
gujaf-75	223	6	:	:	PUNCT
gujaf-75	223	7	managerial	managerial	ADJ
gujaf-75	223	8	behavior	behavior	NOUN
gujaf-75	223	9	agency	agency	NOUN
gujaf-75	223	10	costs	cost	NOUN
gujaf-75	223	11	and	and	CCONJ
gujaf-75	223	12	ownership	ownership	NOUN
gujaf-75	223	13	structure	structure	NOUN
gujaf-75	223	14	.	.	PUNCT
gujaf-75	224	1	journal	journal	NOUN
gujaf-75	224	2	of	of	ADP
gujaf-75	224	3	financial	financial	ADJ
gujaf-75	224	4	economics	economic	NOUN
gujaf-75	224	5	.	.	PUNCT
gujaf-75	225	1	3	3	NUM
gujaf-75	225	2	,	,	PUNCT
gujaf-75	225	3	305	305	NUM
gujaf-75	225	4	-	-	SYM
gujaf-75	225	5	360	360	NUM
gujaf-75	225	6	.	.	PUNCT
gujaf-75	226	1	jensen	jensen	PROPN
gujaf-75	226	2	,	,	PUNCT
gujaf-75	226	3	m.	m.	PROPN
gujaf-75	226	4	c.	c.	PROPN
gujaf-75	226	5	(	(	PUNCT
gujaf-75	226	6	1993	1993	NUM
gujaf-75	226	7	)	)	PUNCT
gujaf-75	226	8	.the	.the	PRON
gujaf-75	226	9	modern	modern	ADJ
gujaf-75	226	10	industrial	industrial	ADJ
gujaf-75	226	11	revolution	revolution	NOUN
gujaf-75	226	12	,	,	PUNCT
gujaf-75	226	13	exit	exit	NOUN
gujaf-75	226	14	,	,	PUNCT
gujaf-75	226	15	and	and	CCONJ
gujaf-75	226	16	the	the	DET
gujaf-75	226	17	failure	failure	NOUN
gujaf-75	226	18	of	of	ADP
gujaf-75	226	19	internal	internal	ADJ
gujaf-75	226	20	control	control	NOUN
gujaf-75	226	21	systems.journal	systems.journal	ADJ
gujaf-75	226	22	of	of	ADP
gujaf-75	226	23	finance	finance	NOUN
gujaf-75	226	24	.	.	PUNCT
gujaf-75	227	1	48	48	NUM
gujaf-75	227	2	,	,	PUNCT
gujaf-75	227	3	831	831	NUM
gujaf-75	227	4	-	-	SYM
gujaf-75	227	5	880	880	NUM
gujaf-75	227	6	.	.	PUNCT
gujaf-75	228	1	kurawa	kurawa	PROPN
gujaf-75	228	2	,	,	PUNCT
gujaf-75	228	3	j.	j.	PROPN
gujaf-75	228	4	m.	m.	PROPN
gujaf-75	228	5	,	,	PUNCT
gujaf-75	228	6	&	&	CCONJ
gujaf-75	228	7	ishaku	ishaku	PROPN
gujaf-75	228	8	a.	a.	PROPN
gujaf-75	228	9	(	(	PUNCT
gujaf-75	228	10	2014	2014	NUM
gujaf-75	228	11	)	)	PUNCT
gujaf-75	228	12	.	.	PUNCT
gujaf-75	229	1	the	the	DET
gujaf-75	229	2	effect	effect	NOUN
gujaf-75	229	3	of	of	ADP
gujaf-75	229	4	corporate	corporate	ADJ
gujaf-75	229	5	governance	governance	NOUN
gujaf-75	229	6	on	on	ADP
gujaf-75	229	7	dividend	dividend	NOUN
gujaf-75	229	8	policy	policy	NOUN
gujaf-75	229	9	of	of	ADP
gujaf-75	229	10	listed	list	VERB
gujaf-75	229	11	banks	bank	NOUN
gujaf-75	229	12	in	in	ADP
gujaf-75	229	13	nigeria	nigeria	PROPN
gujaf-75	229	14	:	:	PUNCT
gujaf-75	229	15	apanel	apanel	PROPN
gujaf-75	229	16	data	data	PROPN
gujaf-75	229	17	analysis.research	analysis.research	PROPN
gujaf-75	229	18	journali	journali	PROPN
gujaf-75	229	19	’s	’s	PART
gujaf-75	229	20	journal	journal	PROPN
gujaf-75	229	21	of	of	ADP
gujaf-75	229	22	finance	finance	NOUN
gujaf-75	229	23	.	.	PUNCT
gujaf-75	230	1	2	2	NUM
gujaf-75	230	2	,	,	PUNCT
gujaf-75	230	3	(	(	PUNCT
gujaf-75	230	4	8)	8)	NUM
gujaf-75	230	5	,	,	PUNCT
gujaf-75	230	6	1	1	NUM
gujaf-75	230	7	-	-	SYM
gujaf-75	230	8	12	12	NUM
gujaf-75	230	9	.	.	PUNCT
gujaf-75	231	1	la	la	PROPN
gujaf-75	231	2	porta	porta	PROPN
gujaf-75	231	3	,	,	PUNCT
gujaf-75	231	4	r.	r.	PROPN
gujaf-75	231	5	,	,	PUNCT
gujaf-75	231	6	lopez	lopez	NOUN
gujaf-75	231	7	-	-	PUNCT
gujaf-75	231	8	de	de	NOUN
gujaf-75	231	9	-	-	NOUN
gujaf-75	231	10	silanes	silanes	PROPN
gujaf-75	231	11	,	,	PUNCT
gujaf-75	231	12	f.	f.	PROPN
gujaf-75	231	13	,	,	PUNCT
gujaf-75	231	14	shleifer	shleifer	PROPN
gujaf-75	231	15	,	,	PUNCT
gujaf-75	231	16	a.	a.	PROPN
gujaf-75	231	17	,	,	PUNCT
gujaf-75	231	18	&	&	CCONJ
gujaf-75	231	19	vishny	vishny	PROPN
gujaf-75	231	20	,	,	PUNCT
gujaf-75	231	21	r.	r.	PROPN
gujaf-75	231	22	w.	w.	PROPN
gujaf-75	231	23	(	(	PUNCT
gujaf-75	231	24	2000	2000	NUM
gujaf-75	231	25	)	)	PUNCT
gujaf-75	231	26	.	.	PUNCT
gujaf-75	232	1	agency	agency	NOUN
gujaf-75	232	2	problems	problem	NOUN
gujaf-75	232	3	and	and	CCONJ
gujaf-75	232	4	dividend	dividend	NOUN
gujaf-75	232	5	policies	policy	NOUN
gujaf-75	232	6	around	around	ADP
gujaf-75	232	7	the	the	DET
gujaf-75	232	8	world	world	NOUN
gujaf-75	232	9	.	.	PUNCT
gujaf-75	233	1	the	the	DET
gujaf-75	233	2	journal	journal	PROPN
gujaf-75	233	3	of	of	ADP
gujaf-75	233	4	finance	finance	NOUN
gujaf-75	233	5	,	,	PUNCT
gujaf-75	233	6	55(1	55(1	NOUN
gujaf-75	233	7	)	)	PUNCT
gujaf-75	233	8	,	,	PUNCT
gujaf-75	233	9	1–33.10.1111/00221082.00199	1–33.10.1111/00221082.00199	NUM
gujaf-75	233	10	linter	linter	PROPN
gujaf-75	233	11	,	,	PUNCT
gujaf-75	233	12	j.	j.	PROPN
gujaf-75	233	13	(	(	PUNCT
gujaf-75	233	14	1956).distribution	1956).distribution	NUM
gujaf-75	233	15	of	of	ADP
gujaf-75	233	16	incomes	income	NOUN
gujaf-75	233	17	of	of	ADP
gujaf-75	233	18	corporation	corporation	NOUN
gujaf-75	233	19	among	among	ADP
gujaf-75	233	20	dividend	dividend	NOUN
gujaf-75	233	21	,	,	PUNCT
gujaf-75	233	22	retained	retain	VERB
gujaf-75	233	23	earnings	earning	NOUN
gujaf-75	233	24	and	and	CCONJ
gujaf-75	233	25	taxes.american	taxes.american	ADJ
gujaf-75	233	26	economic	economic	ADJ
gujaf-75	233	27	review.46	review.46	PROPN
gujaf-75	233	28	,	,	PUNCT
gujaf-75	233	29	(	(	PUNCT
gujaf-75	233	30	2	2	NUM
gujaf-75	233	31	)	)	PUNCT
gujaf-75	233	32	.	.	PUNCT
gujaf-75	234	1	m’ithiria	m’ithiria	PROPN
gujaf-75	234	2	,	,	PUNCT
gujaf-75	234	3	e.	e.	PROPN
gujaf-75	234	4	n.	n.	PROPN
gujaf-75	234	5	,	,	PUNCT
gujaf-75	234	6	musyoki	musyoki	PROPN
gujaf-75	234	7	,	,	PUNCT
gujaf-75	234	8	d.	d.	PROPN
gujaf-75	234	9	,	,	PUNCT
gujaf-75	234	10	&	&	CCONJ
gujaf-75	234	11	shawa	shawa	PROPN
gujaf-75	234	12	,	,	PUNCT
gujaf-75	234	13	k.	k.	PROPN
gujaf-75	234	14	(	(	PUNCT
gujaf-75	234	15	2017	2017	NUM
gujaf-75	234	16	)	)	PUNCT
gujaf-75	234	17	.	.	PUNCT
gujaf-75	235	1	corporate	corporate	ADJ
gujaf-75	235	2	governance	governance	NOUN
gujaf-75	235	3	,	,	PUNCT
gujaf-75	235	4	board	board	NOUN
gujaf-75	235	5	structure	structure	NOUN
gujaf-75	235	6	and	and	CCONJ
gujaf-75	235	7	firm	firm	ADJ
gujaf-75	235	8	value	value	NOUN
gujaf-75	235	9	:	:	PUNCT
gujaf-75	235	10	a	a	DET
gujaf-75	235	11	review	review	NOUN
gujaf-75	235	12	of	of	ADP
gujaf-75	235	13	literature	literature	NOUN
gujaf-75	235	14	.	.	PUNCT
gujaf-75	236	1	journal	journal	PROPN
gujaf-75	236	2	of	of	ADP
gujaf-75	236	3	business	business	PROPN
gujaf-75	236	4	&	&	CCONJ
gujaf-75	236	5	economic	economic	ADJ
gujaf-75	236	6	policy	policy	NOUN
gujaf-75	236	7	4	4	NUM
gujaf-75	236	8	(	(	PUNCT
gujaf-75	236	9	4	4	NUM
gujaf-75	236	10	)	)	PUNCT
gujaf-75	236	11	.	.	PUNCT
gujaf-75	237	1	gusau	gusau	PROPN
gujaf-75	237	2	journal	journal	PROPN
gujaf-75	237	3	of	of	ADP
gujaf-75	237	4	accounting	accounting	NOUN
gujaf-75	237	5	and	and	CCONJ
gujaf-75	237	6	finance	finance	NOUN
gujaf-75	237	7	,	,	PUNCT
gujaf-75	237	8	vol	vol	NOUN
gujaf-75	237	9	.	.	PROPN
gujaf-75	237	10	2	2	NUM
gujaf-75	237	11	,	,	PUNCT
gujaf-75	237	12	issue	issue	NOUN
gujaf-75	237	13	3	3	NUM
gujaf-75	237	14	,	,	PUNCT
gujaf-75	237	15	april	april	PROPN
gujaf-75	237	16	,	,	PUNCT
gujaf-75	237	17	2021	2021	NUM
gujaf-75	237	18	11	11	NUM
gujaf-75	237	19	mohammed	mohammed	PROPN
gujaf-75	237	20	,	,	PUNCT
gujaf-75	237	21	w.	w.	PROPN
gujaf-75	237	22	,	,	PUNCT
gujaf-75	237	23	saleh	saleh	PROPN
gujaf-75	237	24	,	,	PUNCT
gujaf-75	237	25	a.	a.	PROPN
gujaf-75	237	26	&	&	CCONJ
gujaf-75	237	27	islam	islam	PROPN
gujaf-75	237	28	,	,	PUNCT
gujaf-75	237	29	a.	a.	NOUN
gujaf-75	237	30	(	(	PUNCT
gujaf-75	237	31	2020	2020	NUM
gujaf-75	237	32	)	)	PUNCT
gujaf-75	237	33	.	.	PUNCT
gujaf-75	238	1	does	do	AUX
gujaf-75	238	2	board	board	NOUN
gujaf-75	238	3	characteristics	characteristic	NOUN
gujaf-75	238	4	enhance	enhance	VERB
gujaf-75	238	5	.	.	PUNCT
gujaf-75	239	1	firm	firm	ADJ
gujaf-75	239	2	performance	performance	NOUN
gujaf-75	239	3	?	?	PUNCT
gujaf-75	240	1	evidence	evidence	NOUN
gujaf-75	240	2	from	from	ADP
gujaf-75	240	3	palestinian	palestinian	ADJ
gujaf-75	240	4	listed	list	VERB
gujaf-75	240	5	companies	company	NOUN
gujaf-75	240	6	international	international	ADJ
gujaf-75	240	7	journal	journal	NOUN
gujaf-75	240	8	of	of	ADP
gujaf-75	240	9	multidisciplinary	multidisciplinary	ADJ
gujaf-75	240	10	sciences	science	NOUN
gujaf-75	240	11	and	and	CCONJ
gujaf-75	240	12	advanced	advanced	ADJ
gujaf-75	240	13	technology	technology	NOUN
gujaf-75	240	14	.	.	PUNCT
gujaf-75	241	1	1(4	1(4	NUM
gujaf-75	241	2	)	)	PUNCT
gujaf-75	241	3	,	,	PUNCT
gujaf-75	241	4	84	84	NUM
gujaf-75	241	5	-	-	SYM
gujaf-75	241	6	95	95	NUM
gujaf-75	241	7	.	.	PUNCT
gujaf-75	242	1	http://www.ijmsat.com	http://www.ijmsat.com	X
gujaf-75	242	2	musa	musa	PROPN
gujaf-75	242	3	,	,	PUNCT
gujaf-75	242	4	f.i	f.i	PROPN
gujaf-75	242	5	.	.	PROPN
gujaf-75	242	6	(	(	PUNCT
gujaf-75	242	7	2009	2009	NUM
gujaf-75	242	8	)	)	PUNCT
gujaf-75	242	9	.	.	PUNCT
gujaf-75	243	1	the	the	DET
gujaf-75	243	2	dividend	dividend	NOUN
gujaf-75	243	3	policy	policy	NOUN
gujaf-75	243	4	of	of	ADP
gujaf-75	243	5	firms	firm	NOUN
gujaf-75	243	6	quoted	quote	VERB
gujaf-75	243	7	on	on	ADP
gujaf-75	243	8	the	the	DET
gujaf-75	243	9	nigerian	nigerian	ADJ
gujaf-75	243	10	stock	stock	NOUN
gujaf-75	243	11	exchange	exchange	PROPN
gujaf-75	243	12	:	:	PUNCT
gujaf-75	243	13	an	an	DET
gujaf-75	243	14	empirical	empirical	ADJ
gujaf-75	243	15	analysis	analysis	NOUN
gujaf-75	243	16	.	.	PUNCT
gujaf-75	244	1	african	african	ADJ
gujaf-75	244	2	journal	journal	PROPN
gujaf-75	244	3	of	of	ADP
gujaf-75	244	4	business	business	NOUN
gujaf-75	244	5	management	management	NOUN
gujaf-75	244	6	,	,	PUNCT
gujaf-75	244	7	3(10	3(10	NUM
gujaf-75	244	8	)	)	PUNCT
gujaf-75	244	9	,	,	PUNCT
gujaf-75	244	10	555	555	NUM
gujaf-75	244	11	-	-	SYM
gujaf-75	244	12	566	566	NUM
gujaf-75	244	13	,	,	PUNCT
gujaf-75	244	14	naburi	naburi	PROPN
gujaf-75	244	15	,	,	PUNCT
gujaf-75	244	16	j.	j.	PROPN
gujaf-75	244	17	,	,	PUNCT
gujaf-75	244	18	&	&	CCONJ
gujaf-75	244	19	ndede	ndede	PROPN
gujaf-75	244	20	f.	f.	PROPN
gujaf-75	244	21	w.	w.	PROPN
gujaf-75	244	22	s.	s.	PROPN
gujaf-75	244	23	(	(	PUNCT
gujaf-75	244	24	2019	2019	NUM
gujaf-75	244	25	)	)	PUNCT
gujaf-75	244	26	.	.	PUNCT
gujaf-75	245	1	board	board	NOUN
gujaf-75	245	2	composition	composition	NOUN
gujaf-75	245	3	and	and	CCONJ
gujaf-75	245	4	dividend	dividend	NOUN
gujaf-75	245	5	decisions	decision	NOUN
gujaf-75	245	6	of	of	ADP
gujaf-75	245	7	companies	company	NOUN
gujaf-75	245	8	listed	list	VERB
gujaf-75	245	9	at	at	ADP
gujaf-75	245	10	the	the	DET
gujaf-75	245	11	nairobi	nairobi	PROPN
gujaf-75	245	12	securities	securities	PROPN
gujaf-75	245	13	exchange	exchange	PROPN
gujaf-75	245	14	kenya	kenya	PROPN
gujaf-75	245	15	.	.	PUNCT
gujaf-75	246	1	international	international	ADJ
gujaf-75	246	2	journal	journal	PROPN
gujaf-75	246	3	of	of	ADP
gujaf-75	246	4	current	current	ADJ
gujaf-75	246	5	aspects	aspect	NOUN
gujaf-75	246	6	,	,	PUNCT
gujaf-75	246	7	3(vi),354	3(vi),354	PROPN
gujaf-75	246	8	-	-	SYM
gujaf-75	246	9	371	371	NUM
gujaf-75	246	10	.	.	PUNCT
gujaf-75	247	1	www.ijcab.org	www.ijcab.org	ADJ
gujaf-75	247	2	nyong	nyong	NOUN
gujaf-75	247	3	,	,	PUNCT
gujaf-75	247	4	m.	m.	NOUN
gujaf-75	247	5	o.	o.	PROPN
gujaf-75	247	6	,	,	PUNCT
gujaf-75	247	7	(	(	PUNCT
gujaf-75	247	8	1990	1990	NUM
gujaf-75	247	9	)	)	PUNCT
gujaf-75	247	10	.	.	PUNCT
gujaf-75	248	1	dividend	dividend	NOUN
gujaf-75	248	2	policy	policy	NOUN
gujaf-75	248	3	of	of	ADP
gujaf-75	248	4	quoted	quote	VERB
gujaf-75	248	5	companies	company	NOUN
gujaf-75	248	6	:	:	PUNCT
gujaf-75	248	7	a	a	DET
gujaf-75	248	8	behavioral	behavioral	ADJ
gujaf-75	248	9	approach	approach	NOUN
gujaf-75	248	10	using	use	VERB
gujaf-75	248	11	recent	recent	ADJ
gujaf-75	248	12	data	datum	NOUN
gujaf-75	248	13	.	.	PUNCT
gujaf-75	249	1	manuscript.department	manuscript.department	NUM
gujaf-75	249	2	of	of	ADP
gujaf-75	249	3	economics	economic	NOUN
gujaf-75	249	4	,	,	PUNCT
gujaf-75	249	5	lagos	lagos	NOUN
gujaf-75	249	6	state	state	PROPN
gujaf-75	249	7	university	university	PROPN
gujaf-75	249	8	.	.	PUNCT
gujaf-75	250	1	olowe	olowe	PROPN
gujaf-75	250	2	,	,	PUNCT
gujaf-75	250	3	r.a	r.a	PROPN
gujaf-75	250	4	.	.	PROPN
gujaf-75	250	5	(	(	PUNCT
gujaf-75	250	6	2011	2011	NUM
gujaf-75	250	7	)	)	PUNCT
gujaf-75	250	8	.	.	PUNCT
gujaf-75	251	1	financial	financial	ADJ
gujaf-75	251	2	management	management	NOUN
gujaf-75	251	3	concepts	concept	NOUN
gujaf-75	251	4	.	.	PUNCT
gujaf-75	252	1	financial	financial	ADJ
gujaf-75	252	2	system	system	NOUN
gujaf-75	252	3	and	and	CCONJ
gujaf-75	252	4	business	business	NOUN
gujaf-75	252	5	finance.third	finance.third	NOUN
gujaf-75	252	6	edition	edition	NOUN
gujaf-75	252	7	,	,	PUNCT
gujaf-75	252	8	[	[	X
gujaf-75	252	9	lagos	lago	NOUN
gujaf-75	252	10	,	,	PUNCT
gujaf-75	252	11	brierly	brierly	ADV
gujaf-75	252	12	jones	jones	PROPN
gujaf-75	252	13	nigeria	nigeria	PROPN
gujaf-75	252	14	ltd	ltd	PROPN
gujaf-75	252	15	]	]	PROPN
gujaf-75	252	16	.	.	PUNCT
gujaf-75	253	1	petrovic	petrovic	PROPN
gujaf-75	253	2	,	,	PUNCT
gujaf-75	253	3	j.	j.	PROPN
gujaf-75	253	4	(	(	PUNCT
gujaf-75	253	5	2008	2008	NUM
gujaf-75	253	6	)	)	PUNCT
gujaf-75	253	7	.unlocking	.unlocke	VERB
gujaf-75	253	8	the	the	DET
gujaf-75	253	9	role	role	NOUN
gujaf-75	253	10	of	of	ADP
gujaf-75	253	11	a	a	DET
gujaf-75	253	12	board	board	NOUN
gujaf-75	253	13	director	director	NOUN
gujaf-75	253	14	:	:	PUNCT
gujaf-75	253	15	a	a	DET
gujaf-75	253	16	review	review	NOUN
gujaf-75	253	17	of	of	ADP
gujaf-75	253	18	the	the	DET
gujaf-75	253	19	literature	literature	NOUN
gujaf-75	253	20	.	.	PUNCT
gujaf-75	254	1	management	management	NOUN
gujaf-75	254	2	decision	decision	NOUN
gujaf-75	254	3	,	,	PUNCT
gujaf-75	254	4	46	46	NUM
gujaf-75	254	5	(	(	PUNCT
gujaf-75	254	6	9	9	NUM
gujaf-75	254	7	)	)	PUNCT
gujaf-75	254	8	,	,	PUNCT
gujaf-75	254	9	1373	1373	NUM
gujaf-75	254	10	-	-	SYM
gujaf-75	254	11	1392	1392	NUM
gujaf-75	254	12	.	.	PUNCT
gujaf-75	255	1	pfeffer	pfeffer	PROPN
gujaf-75	255	2	,	,	PUNCT
gujaf-75	255	3	j.	j.	PROPN
gujaf-75	255	4	(	(	PUNCT
gujaf-75	255	5	1973	1973	NUM
gujaf-75	255	6	)	)	PUNCT
gujaf-75	255	7	.	.	PUNCT
gujaf-75	256	1	size	size	NOUN
gujaf-75	256	2	,	,	PUNCT
gujaf-75	256	3	composition	composition	NOUN
gujaf-75	256	4	,	,	PUNCT
gujaf-75	256	5	and	and	CCONJ
gujaf-75	256	6	function	function	NOUN
gujaf-75	256	7	of	of	ADP
gujaf-75	256	8	hospital	hospital	NOUN
gujaf-75	256	9	boards	board	NOUN
gujaf-75	256	10	of	of	ADP
gujaf-75	256	11	directors	director	NOUN
gujaf-75	256	12	:	:	PUNCT
gujaf-75	256	13	a	a	DET
gujaf-75	256	14	study	study	NOUN
gujaf-75	256	15	of	of	ADP
gujaf-75	256	16	organization	organization	NOUN
gujaf-75	256	17	environment	environment	NOUN
gujaf-75	256	18	linkage	linkage	NOUN
gujaf-75	256	19	.	.	PUNCT
gujaf-75	257	1	administrative	administrative	ADJ
gujaf-75	257	2	science	science	PROPN
gujaf-75	257	3	quarterly	quarterly	ADV
gujaf-75	257	4	,	,	PUNCT
gujaf-75	257	5	18	18	NUM
gujaf-75	257	6	,	,	PUNCT
gujaf-75	257	7	349	349	NUM
gujaf-75	257	8	-	-	SYM
gujaf-75	257	9	364	364	NUM
gujaf-75	257	10	.	.	PUNCT
gujaf-75	257	11	pfeffer.j	pfeffer.j	NOUN
gujaf-75	257	12	.	.	PROPN
gujaf-75	257	13	,	,	PUNCT
gujaf-75	257	14	&	&	CCONJ
gujaf-75	257	15	salancik	salancik	PROPN
gujaf-75	257	16	,	,	PUNCT
gujaf-75	257	17	g.	g.	PROPN
gujaf-75	257	18	r.	r.	PROPN
gujaf-75	257	19	(	(	PUNCT
gujaf-75	257	20	1978).the	1978).the	DET
gujaf-75	257	21	external	external	ADJ
gujaf-75	257	22	control	control	NOUN
gujaf-75	257	23	of	of	ADP
gujaf-75	257	24	organizations	organization	NOUN
gujaf-75	257	25	:	:	PUNCT
gujaf-75	257	26	a	a	DET
gujaf-75	257	27	resource	resource	NOUN
gujaf-75	257	28	dependence	dependence	NOUN
gujaf-75	257	29	perspective.[new	perspective.[new	PROPN
gujaf-75	257	30	york	york	PROPN
gujaf-75	257	31	:	:	PUNCT
gujaf-75	257	32	harper	harper	PROPN
gujaf-75	257	33	&	&	CCONJ
gujaf-75	257	34	row	row	PROPN
gujaf-75	257	35	]	]	PUNCT
gujaf-75	257	36	.	.	PUNCT
gujaf-75	258	1	reddy	reddy	PROPN
gujaf-75	258	2	,	,	PUNCT
gujaf-75	258	3	k.	k.	PROPN
gujaf-75	258	4	,	,	PUNCT
gujaf-75	258	5	abidin	abidin	PROPN
gujaf-75	258	6	,	,	PUNCT
gujaf-75	258	7	s.	s.	PROPN
gujaf-75	258	8	,	,	PUNCT
gujaf-75	258	9	&	&	CCONJ
gujaf-75	258	10	you	you	PRON
gujaf-75	258	11	,	,	PUNCT
gujaf-75	258	12	l.	l.	PROPN
gujaf-75	258	13	(	(	PUNCT
gujaf-75	258	14	2015	2015	NUM
gujaf-75	258	15	)	)	PUNCT
gujaf-75	258	16	.	.	PUNCT
gujaf-75	259	1	does	do	VERB
gujaf-75	259	2	corporate	corporate	ADJ
gujaf-75	259	3	governance	governance	NOUN
gujaf-75	259	4	matter	matter	NOUN
gujaf-75	259	5	in	in	ADP
gujaf-75	259	6	determining	determine	VERB
gujaf-75	259	7	ceo	ceo	NOUN
gujaf-75	259	8	compensation	compensation	NOUN
gujaf-75	259	9	in	in	ADP
gujaf-75	259	10	the	the	DET
gujaf-75	259	11	publicly	publicly	ADV
gujaf-75	259	12	listed	list	VERB
gujaf-75	259	13	companies	company	NOUN
gujaf-75	259	14	in	in	ADP
gujaf-75	259	15	new	new	PROPN
gujaf-75	259	16	zealand	zealand	PROPN
gujaf-75	259	17	?	?	PUNCT
gujaf-75	260	1	an	an	DET
gujaf-75	260	2	empirical	empirical	ADJ
gujaf-75	260	3	investigation	investigation	NOUN
gujaf-75	260	4	.	.	PUNCT
gujaf-75	261	1	managerial	managerial	ADJ
gujaf-75	261	2	finance	finance	NOUN
gujaf-75	261	3	,	,	PUNCT
gujaf-75	261	4	41(3	41(3	NUM
gujaf-75	261	5	)	)	PUNCT
gujaf-75	261	6	,	,	PUNCT
gujaf-75	261	7	141–152	141–152	NUM
gujaf-75	261	8	.	.	PUNCT
gujaf-75	262	1	soyode	soyode	NOUN
gujaf-75	262	2	,	,	PUNCT
gujaf-75	262	3	a.	a.	NOUN
gujaf-75	262	4	(	(	PUNCT
gujaf-75	262	5	1975).dividend	1975).dividend	NUM
gujaf-75	262	6	policy	policy	NOUN
gujaf-75	262	7	in	in	ADP
gujaf-75	262	8	an	an	DET
gujaf-75	262	9	era	era	NOUN
gujaf-75	262	10	of	of	ADP
gujaf-75	262	11	indigenization	indigenization	NOUN
gujaf-75	262	12	:	:	PUNCT
gujaf-75	262	13	a	a	DET
gujaf-75	262	14	comment	comment	NOUN
gujaf-75	262	15	.	.	PUNCT
gujaf-75	263	1	nigerian	nigerian	ADJ
gujaf-75	263	2	journal	journal	PROPN
gujaf-75	263	3	of	of	ADP
gujaf-75	263	4	economics	economic	NOUN
gujaf-75	263	5	and	and	CCONJ
gujaf-75	263	6	social	social	ADJ
gujaf-75	263	7	studies	study	NOUN
gujaf-75	263	8	,	,	PUNCT
gujaf-75	263	9	l7	l7	PROPN
gujaf-75	263	10	(	(	PUNCT
gujaf-75	263	11	8),126	8),126	NOUN
gujaf-75	263	12	.	.	PUNCT
gujaf-75	264	1	stiles	stile	NOUN
gujaf-75	264	2	,	,	PUNCT
gujaf-75	264	3	p.	p.	NOUN
gujaf-75	264	4	,	,	PUNCT
gujaf-75	264	5	&	&	CCONJ
gujaf-75	264	6	taylor	taylor	PROPN
gujaf-75	264	7	,	,	PUNCT
gujaf-75	264	8	b.	b.	PROPN
gujaf-75	264	9	(	(	PUNCT
gujaf-75	264	10	2001	2001	NUM
gujaf-75	264	11	)	)	PUNCT
gujaf-75	264	12	.	.	PUNCT
gujaf-75	265	1	boards	board	NOUN
gujaf-75	265	2	at	at	ADP
gujaf-75	265	3	work	work	NOUN
gujaf-75	265	4	:	:	PUNCT
gujaf-75	265	5	how	how	SCONJ
gujaf-75	265	6	directors	director	NOUN
gujaf-75	265	7	view	view	VERB
gujaf-75	265	8	their	their	PRON
gujaf-75	265	9	roles	role	NOUN
gujaf-75	265	10	and	and	CCONJ
gujaf-75	265	11	responsibilities	responsibility	NOUN
gujaf-75	265	12	.	.	PUNCT
gujaf-75	266	1	oxford	oxford	NOUN
gujaf-75	266	2	:	:	PUNCT
gujaf-75	266	3	oxford	oxford	PROPN
gujaf-75	266	4	university	university	PROPN
gujaf-75	266	5	press	press	NOUN
gujaf-75	266	6	.	.	PUNCT
gujaf-75	267	1	suwaidan	suwaidan	PROPN
gujaf-75	267	2	,	,	PUNCT
gujaf-75	267	3	m.	m.	NOUN
gujaf-75	267	4	s.	s.	PROPN
gujaf-75	267	5	,	,	PUNCT
gujaf-75	267	6	and	and	CCONJ
gujaf-75	267	7	khalaf	khalaf	PROPN
gujaf-75	267	8	,	,	PUNCT
gujaf-75	267	9	l.	l.	PROPN
gujaf-75	267	10	s.	s.	PROPN
gujaf-75	267	11	(	(	PUNCT
gujaf-75	267	12	2020	2020	NUM
gujaf-75	267	13	)	)	PUNCT
gujaf-75	267	14	.	.	PUNCT
gujaf-75	268	1	the	the	DET
gujaf-75	268	2	effect	effect	NOUN
gujaf-75	268	3	of	of	ADP
gujaf-75	268	4	board	board	NOUN
gujaf-75	268	5	composition	composition	NOUN
gujaf-75	268	6	and	and	CCONJ
gujaf-75	268	7	ownership	ownership	NOUN
gujaf-75	268	8	structure	structure	NOUN
gujaf-75	268	9	on	on	ADP
gujaf-75	268	10	dividend	dividend	NOUN
gujaf-75	268	11	poligy	poligy	NOUN
gujaf-75	268	12	;	;	PUNCT
gujaf-75	268	13	evidence	evidence	NOUN
gujaf-75	268	14	from	from	ADP
gujaf-75	268	15	jordan	jordan	PROPN
gujaf-75	268	16	.	.	PUNCT
gujaf-75	269	1	international	international	ADJ
gujaf-75	269	2	journal	journal	PROPN
gujaf-75	269	3	of	of	ADP
gujaf-75	269	4	iinnovation	iinnovation	NOUN
gujaf-75	269	5	,	,	PUNCT
gujaf-75	269	6	creativity	creativity	NOUN
gujaf-75	269	7	and	and	CCONJ
gujaf-75	269	8	change	change	NOUN
gujaf-75	269	9	.	.	PUNCT
gujaf-75	270	1	www	www	NOUN
gujaf-75	270	2	ijicc.net	ijicc.net	NOUN
gujaf-75	270	3	vol	vol	NOUN
gujaf-75	270	4	14	14	NUM
gujaf-75	270	5	,	,	PUNCT
gujaf-75	270	6	issue	issue	NOUN
gujaf-75	270	7	8	8	NUM
gujaf-75	270	8	,	,	PUNCT
gujaf-75	270	9	pp	pp	ADV
gujaf-75	270	10	550	550	NUM
gujaf-75	270	11	-	-	SYM
gujaf-75	270	12	567	567	NUM
gujaf-75	270	13	tornyeva	tornyeva	NOUN
gujaf-75	270	14	,	,	PUNCT
gujaf-75	270	15	k.	k.	PROPN
gujaf-75	270	16	,	,	PUNCT
gujaf-75	270	17	&	&	CCONJ
gujaf-75	270	18	wereko	wereko	NOUN
gujaf-75	270	19	,	,	PUNCT
gujaf-75	270	20	t.	t.	PROPN
gujaf-75	270	21	(	(	PUNCT
gujaf-75	270	22	2012	2012	NUM
gujaf-75	270	23	)	)	PUNCT
gujaf-75	270	24	.	.	PUNCT
gujaf-75	271	1	corporate	corporate	ADJ
gujaf-75	271	2	governance	governance	NOUN
gujaf-75	271	3	and	and	CCONJ
gujaf-75	271	4	firm	firm	ADJ
gujaf-75	271	5	performance	performance	NOUN
gujaf-75	271	6	:	:	PUNCT
gujaf-75	271	7	evidence	evidence	NOUN
gujaf-75	271	8	from	from	ADP
gujaf-75	271	9	the	the	DET
gujaf-75	271	10	insurance	insurance	NOUN
gujaf-75	271	11	sector	sector	NOUN
gujaf-75	271	12	of	of	ADP
gujaf-75	271	13	ghana	ghana	PROPN
gujaf-75	271	14	.	.	PUNCT
gujaf-75	272	1	european	european	PROPN
gujaf-75	272	2	journal	journal	PROPN
gujaf-75	272	3	of	of	ADP
gujaf-75	272	4	business	business	NOUN
gujaf-75	272	5	and	and	CCONJ
gujaf-75	272	6	management	management	NOUN
gujaf-75	272	7	,	,	PUNCT
gujaf-75	272	8	4(13	4(13	NUM
gujaf-75	272	9	)	)	PUNCT
gujaf-75	272	10	,	,	PUNCT
gujaf-75	272	11	95112	95112	NUM
gujaf-75	272	12	yahya	yahya	PROPN
gujaf-75	272	13	f.	f.	PROPN
gujaf-75	272	14	,ghazali	,ghazali	PUNCT
gujaf-75	272	15	z.	z.	PROPN
gujaf-75	272	16	b.	b.	PROPN
gujaf-75	272	17	&	&	CCONJ
gujaf-75	272	18	ntim	ntim	PROPN
gujaf-75	272	19	c.	c.	PROPN
gujaf-75	272	20	g.	g.	PROPN
gujaf-75	273	1	(	(	PUNCT
gujaf-75	273	2	2017).effectiveness	2017).effectiveness	NUM
gujaf-75	273	3	of	of	ADP
gujaf-75	273	4	board	board	NOUN
gujaf-75	273	5	governance	governance	NOUN
gujaf-75	273	6	and	and	CCONJ
gujaf-75	273	7	policy	policy	NOUN
gujaf-75	273	8	as	as	ADP
gujaf-75	273	9	alignment	alignment	ADJ
gujaf-75	273	10	mechanisms	mechanism	NOUN
gujaf-75	273	11	to	to	ADP
gujaf-75	273	12	firm	firm	ADJ
gujaf-75	273	13	performance	performance	NOUN
gujaf-75	273	14	and	and	CCONJ
gujaf-75	273	15	ceo	ceo	NOUN
gujaf-75	273	16	compensation	compensation	NOUN
gujaf-75	273	17	.	.	PUNCT
gujaf-75	274	1	cogent	cogent	NOUN
gujaf-75	274	2	businss	busins	NOUN
gujaf-75	274	3	&	&	CCONJ
gujaf-75	274	4	management	management	NOUN
gujaf-75	274	5	4(1	4(1	NOUN
gujaf-75	274	6	)	)	PUNCT
gujaf-75	274	7	gusau	gusau	ADJ
gujaf-75	274	8	journal	journal	NOUN
gujaf-75	274	9	of	of	ADP
gujaf-75	274	10	accounting	accounting	NOUN
gujaf-75	274	11	and	and	CCONJ
gujaf-75	274	12	finance	finance	NOUN
gujaf-75	274	13	,	,	PUNCT
gujaf-75	274	14	vol	vol	NOUN
gujaf-75	274	15	.	.	PROPN
gujaf-75	274	16	2	2	NUM
gujaf-75	274	17	,	,	PUNCT
gujaf-75	274	18	issue	issue	NOUN
gujaf-75	274	19	3	3	NUM
gujaf-75	274	20	,	,	PUNCT
gujaf-75	274	21	april	april	PROPN
gujaf-75	274	22	,	,	PUNCT
gujaf-75	274	23	2021	2021	NUM
gujaf-75	274	24	12	12	NUM