id	sid	tid	token	lemma	pos
gujaf-78	1	1	gusau	gusau	PROPN
gujaf-78	1	2	journal	journal	NOUN
gujaf-78	1	3	of	of	ADP
gujaf-78	1	4	accounting	accounting	NOUN
gujaf-78	1	5	and	and	CCONJ
gujaf-78	1	6	finance	finance	NOUN
gujaf-78	1	7	,	,	PUNCT
gujaf-78	1	8	vol	vol	NOUN
gujaf-78	1	9	.	.	PROPN
gujaf-78	1	10	2	2	NUM
gujaf-78	1	11	,	,	PUNCT
gujaf-78	1	12	issue	issue	NOUN
gujaf-78	1	13	3	3	NUM
gujaf-78	1	14	,	,	PUNCT
gujaf-78	1	15	april	april	PROPN
gujaf-78	1	16	,	,	PUNCT
gujaf-78	1	17	2021	2021	NUM
gujaf-78	1	18	1	1	NUM
gujaf-78	1	19	gusau	gusau	ADJ
gujaf-78	1	20	journal	journal	NOUN
gujaf-78	1	21	of	of	ADP
gujaf-78	1	22	accounting	accounting	NOUN
gujaf-78	1	23	and	and	CCONJ
gujaf-78	1	24	finance	finance	NOUN
gujaf-78	1	25	(	(	PUNCT
gujaf-78	1	26	gujaf	gujaf	NOUN
gujaf-78	1	27	)	)	PUNCT
gujaf-78	1	28	vol	vol	NOUN
gujaf-78	1	29	.	.	NOUN
gujaf-78	1	30	2	2	NUM
gujaf-78	1	31	issue	issue	NOUN
gujaf-78	1	32	3	3	NUM
gujaf-78	1	33	,	,	PUNCT
gujaf-78	1	34	april	april	PROPN
gujaf-78	1	35	,	,	PUNCT
gujaf-78	1	36	2021	2021	NUM
gujaf-78	1	37	issn	issn	X
gujaf-78	1	38	:	:	PUNCT
gujaf-78	1	39	2756	2756	NUM
gujaf-78	1	40	-	-	PUNCT
gujaf-78	1	41	665x	665x	NOUN
gujaf-78	1	42	a	a	DET
gujaf-78	1	43	publication	publication	NOUN
gujaf-78	1	44	of	of	ADP
gujaf-78	1	45	department	department	NOUN
gujaf-78	1	46	of	of	ADP
gujaf-78	1	47	accounting	accounting	NOUN
gujaf-78	1	48	and	and	CCONJ
gujaf-78	1	49	finance	finance	NOUN
gujaf-78	1	50	,	,	PUNCT
gujaf-78	1	51	faculty	faculty	NOUN
gujaf-78	1	52	of	of	ADP
gujaf-78	1	53	management	management	NOUN
gujaf-78	1	54	and	and	CCONJ
gujaf-78	1	55	social	social	ADJ
gujaf-78	1	56	sciences	science	NOUN
gujaf-78	1	57	,	,	PUNCT
gujaf-78	1	58	federal	federal	ADJ
gujaf-78	1	59	university	university	NOUN
gujaf-78	1	60	gusau	gusau	NOUN
gujaf-78	1	61	,	,	PUNCT
gujaf-78	1	62	zamfara	zamfara	PROPN
gujaf-78	1	63	state	state	PROPN
gujaf-78	1	64	–	–	PUNCT
gujaf-78	1	65	nigeria	nigeria	PROPN
gujaf-78	1	66	gusau	gusau	PROPN
gujaf-78	1	67	journal	journal	PROPN
gujaf-78	1	68	of	of	ADP
gujaf-78	1	69	accounting	accounting	NOUN
gujaf-78	1	70	and	and	CCONJ
gujaf-78	1	71	finance	finance	NOUN
gujaf-78	1	72	,	,	PUNCT
gujaf-78	1	73	vol	vol	NOUN
gujaf-78	1	74	.	.	PROPN
gujaf-78	1	75	2	2	NUM
gujaf-78	1	76	,	,	PUNCT
gujaf-78	1	77	issue	issue	NOUN
gujaf-78	1	78	3	3	NUM
gujaf-78	1	79	,	,	PUNCT
gujaf-78	1	80	april	april	PROPN
gujaf-78	1	81	,	,	PUNCT
gujaf-78	1	82	2021	2021	NUM
gujaf-78	1	83	2	2	NUM
gujaf-78	1	84	ownership	ownership	NOUN
gujaf-78	1	85	structure	structure	NOUN
gujaf-78	1	86	and	and	CCONJ
gujaf-78	1	87	financial	financial	ADJ
gujaf-78	1	88	performance	performance	NOUN
gujaf-78	1	89	on	on	ADP
gujaf-78	1	90	listed	list	VERB
gujaf-78	1	91	manufacturing	manufacturing	NOUN
gujaf-78	1	92	firms	firm	NOUN
gujaf-78	1	93	in	in	ADP
gujaf-78	1	94	nigeria	nigeria	PROPN
gujaf-78	1	95	abdul	abdul	PROPN
gujaf-78	1	96	kerim	kerim	PROPN
gujaf-78	1	97	department	department	PROPN
gujaf-78	1	98	of	of	ADP
gujaf-78	1	99	accounting	account	VERB
gujaf-78	1	100	ahmadu	ahmadu	PROPN
gujaf-78	1	101	bello	bello	PROPN
gujaf-78	1	102	university	university	PROPN
gujaf-78	1	103	,	,	PUNCT
gujaf-78	1	104	kaduna	kaduna	PROPN
gujaf-78	1	105	state	state	PROPN
gujaf-78	1	106	nigeria	nigeria	PROPN
gujaf-78	1	107	+2348062946629	+2348062946629	NUM
gujaf-78	1	108	,	,	PUNCT
gujaf-78	1	109	ohiminiabdulkerim@gmail.com	ohiminiabdulkerim@gmail.com	PROPN
gujaf-78	1	110	samuel	samuel	PROPN
gujaf-78	1	111	olusegun	olusegun	PROPN
gujaf-78	1	112	james	james	PROPN
gujaf-78	1	113	phd	phd	PROPN
gujaf-78	1	114	department	department	PROPN
gujaf-78	1	115	of	of	ADP
gujaf-78	1	116	banking	banking	NOUN
gujaf-78	1	117	and	and	CCONJ
gujaf-78	1	118	fin	fin	NOUN
gujaf-78	1	119	ance	ance	NOUN
gujaf-78	1	120	kogi	kogi	PROPN
gujaf-78	1	121	state	state	PROPN
gujaf-78	1	122	university	university	PROPN
gujaf-78	1	123	anyigba	anyigba	NOUN
gujaf-78	1	124	,	,	PUNCT
gujaf-78	1	125	kogi	kogi	PROPN
gujaf-78	1	126	state	state	PROPN
gujaf-78	1	127	nigeria	nigeria	PROPN
gujaf-78	1	128	+2348036197383	+2348036197383	PROPN
gujaf-78	1	129	,	,	PUNCT
gujaf-78	1	130	olusegunjma@gmail.com	olusegunjma@gmail.com	PRON
gujaf-78	1	131	mu’azu	mu’azu	PROPN
gujaf-78	1	132	saidu	saidu	ADJ
gujaf-78	1	133	badara	badara	PROPN
gujaf-78	1	134	phd	phd	PROPN
gujaf-78	1	135	department	department	PROPN
gujaf-78	1	136	of	of	ADP
gujaf-78	1	137	accounting	accounting	NOUN
gujaf-78	1	138	and	and	CCONJ
gujaf-78	1	139	finance	finance	NOUN
gujaf-78	1	140	,	,	PUNCT
gujaf-78	1	141	ahmadu	ahmadu	PROPN
gujaf-78	1	142	bello	bello	PROPN
gujaf-78	1	143	university	university	PROPN
gujaf-78	1	144	,	,	PUNCT
gujaf-78	1	145	nigeria	nigeria	PROPN
gujaf-78	1	146	+2348065487339	+2348065487339	PROPN
gujaf-78	1	147	,	,	PUNCT
gujaf-78	1	148	muazubadara@yahoo.com	muazubadara@yahoo.com	PROPN
gujaf-78	1	149	odobi	odobi	VERB
gujaf-78	1	150	ojochogwu	ojochogwu	PROPN
gujaf-78	1	151	david	david	PROPN
gujaf-78	1	152	department	department	PROPN
gujaf-78	1	153	of	of	ADP
gujaf-78	1	154	accounting	accounting	PROPN
gujaf-78	1	155	kogi	kogi	PROPN
gujaf-78	1	156	state	state	PROPN
gujaf-78	1	157	university	university	PROPN
gujaf-78	1	158	anyigba	anyigba	NOUN
gujaf-78	1	159	,	,	PUNCT
gujaf-78	1	160	kogi	kogi	PROPN
gujaf-78	1	161	state	state	PROPN
gujaf-78	1	162	nigeria	nigeria	PROPN
gujaf-78	1	163	+2348062913951	+2348062913951	PROPN
gujaf-78	1	164	,	,	PUNCT
gujaf-78	1	165	davidodobi4u@gmail.com	davidodobi4u@gmail.com	PROPN
gujaf-78	1	166	abstract	abstract	NOUN
gujaf-78	1	167	this	this	DET
gujaf-78	1	168	study	study	NOUN
gujaf-78	1	169	looked	look	VERB
gujaf-78	1	170	at	at	ADP
gujaf-78	1	171	the	the	DET
gujaf-78	1	172	ownership	ownership	NOUN
gujaf-78	1	173	structure	structure	NOUN
gujaf-78	1	174	and	and	CCONJ
gujaf-78	1	175	financial	financial	ADJ
gujaf-78	1	176	performance	performance	NOUN
gujaf-78	1	177	of	of	ADP
gujaf-78	1	178	listed	list	VERB
gujaf-78	1	179	manufacturing	manufacturing	NOUN
gujaf-78	1	180	companies	company	NOUN
gujaf-78	1	181	in	in	ADP
gujaf-78	1	182	nigeria	nigeria	PROPN
gujaf-78	1	183	.	.	PUNCT
gujaf-78	2	1	the	the	DET
gujaf-78	2	2	return	return	NOUN
gujaf-78	2	3	on	on	ADP
gujaf-78	2	4	asset	asset	NOUN
gujaf-78	2	5	was	be	AUX
gujaf-78	2	6	used	use	VERB
gujaf-78	2	7	as	as	ADP
gujaf-78	2	8	a	a	DET
gujaf-78	2	9	proxy	proxy	NOUN
gujaf-78	2	10	for	for	ADP
gujaf-78	2	11	the	the	DET
gujaf-78	2	12	effect	effect	NOUN
gujaf-78	2	13	of	of	ADP
gujaf-78	2	14	the	the	DET
gujaf-78	2	15	variables	variable	NOUN
gujaf-78	2	16	of	of	ADP
gujaf-78	2	17	the	the	DET
gujaf-78	2	18	ownership	ownership	NOUN
gujaf-78	2	19	structure	structure	NOUN
gujaf-78	2	20	on	on	ADP
gujaf-78	2	21	the	the	DET
gujaf-78	2	22	financial	financial	ADJ
gujaf-78	2	23	performance	performance	NOUN
gujaf-78	2	24	of	of	ADP
gujaf-78	2	25	the	the	DET
gujaf-78	2	26	company	company	NOUN
gujaf-78	2	27	.	.	PUNCT
gujaf-78	3	1	a	a	DET
gujaf-78	3	2	sample	sample	NOUN
gujaf-78	3	3	of	of	ADP
gujaf-78	3	4	35	35	NUM
gujaf-78	3	5	listed	list	VERB
gujaf-78	3	6	manufacturing	manufacturing	NOUN
gujaf-78	3	7	companies	company	NOUN
gujaf-78	3	8	was	be	AUX
gujaf-78	3	9	used	use	VERB
gujaf-78	3	10	for	for	ADP
gujaf-78	3	11	the	the	DET
gujaf-78	3	12	study	study	NOUN
gujaf-78	3	13	.	.	PUNCT
gujaf-78	4	1	the	the	DET
gujaf-78	4	2	data	datum	NOUN
gujaf-78	4	3	was	be	AUX
gujaf-78	4	4	collected	collect	VERB
gujaf-78	4	5	and	and	CCONJ
gujaf-78	4	6	analyzed	analyze	VERB
gujaf-78	4	7	from	from	ADP
gujaf-78	4	8	nine	nine	NUM
gujaf-78	4	9	years	year	NOUN
gujaf-78	4	10	of	of	ADP
gujaf-78	4	11	annual	annual	ADJ
gujaf-78	4	12	reports	report	NOUN
gujaf-78	4	13	and	and	CCONJ
gujaf-78	4	14	accounts	account	NOUN
gujaf-78	4	15	of	of	ADP
gujaf-78	4	16	selected	select	VERB
gujaf-78	4	17	sample	sample	NOUN
gujaf-78	4	18	manufacturing	manufacturing	NOUN
gujaf-78	4	19	companies	company	NOUN
gujaf-78	4	20	.	.	PUNCT
gujaf-78	5	1	the	the	DET
gujaf-78	5	2	study	study	NOUN
gujaf-78	5	3	found	find	VERB
gujaf-78	5	4	that	that	SCONJ
gujaf-78	5	5	institutional	institutional	ADJ
gujaf-78	5	6	ownership	ownership	NOUN
gujaf-78	5	7	has	have	VERB
gujaf-78	5	8	a	a	DET
gujaf-78	5	9	positive	positive	ADJ
gujaf-78	5	10	and	and	CCONJ
gujaf-78	5	11	significant	significant	ADJ
gujaf-78	5	12	impact	impact	NOUN
gujaf-78	5	13	on	on	ADP
gujaf-78	5	14	financial	financial	ADJ
gujaf-78	5	15	performance	performance	NOUN
gujaf-78	5	16	.	.	PUNCT
gujaf-78	6	1	the	the	DET
gujaf-78	6	2	study	study	NOUN
gujaf-78	6	3	recommends	recommend	VERB
gujaf-78	6	4	that	that	SCONJ
gujaf-78	6	5	institutional	institutional	ADJ
gujaf-78	6	6	owners	owner	NOUN
gujaf-78	6	7	continue	continue	VERB
gujaf-78	6	8	to	to	PART
gujaf-78	6	9	use	use	VERB
gujaf-78	6	10	their	their	PRON
gujaf-78	6	11	resources	resource	NOUN
gujaf-78	6	12	and	and	CCONJ
gujaf-78	6	13	expertise	expertise	NOUN
gujaf-78	6	14	to	to	PART
gujaf-78	6	15	exercise	exercise	VERB
gujaf-78	6	16	control	control	NOUN
gujaf-78	6	17	over	over	ADP
gujaf-78	6	18	management	management	NOUN
gujaf-78	6	19	abuse	abuse	NOUN
gujaf-78	6	20	,	,	PUNCT
gujaf-78	6	21	which	which	PRON
gujaf-78	6	22	has	have	VERB
gujaf-78	6	23	the	the	DET
gujaf-78	6	24	potential	potential	NOUN
gujaf-78	6	25	to	to	PART
gujaf-78	6	26	negatively	negatively	ADV
gujaf-78	6	27	impact	impact	VERB
gujaf-78	6	28	the	the	DET
gujaf-78	6	29	performance	performance	NOUN
gujaf-78	6	30	of	of	ADP
gujaf-78	6	31	nigerialisted	nigerialiste	VERB
gujaf-78	6	32	manufacturing	manufacturing	NOUN
gujaf-78	6	33	companies	company	NOUN
gujaf-78	6	34	.	.	PUNCT
gujaf-78	7	1	keywords	keyword	NOUN
gujaf-78	7	2	:	:	PUNCT
gujaf-78	7	3	ownership	ownership	NOUN
gujaf-78	7	4	structure	structure	NOUN
gujaf-78	7	5	,	,	PUNCT
gujaf-78	7	6	institutional	institutional	ADJ
gujaf-78	7	7	owners	owner	NOUN
gujaf-78	7	8	financial	financial	ADJ
gujaf-78	7	9	performance	performance	NOUN
gujaf-78	7	10	,	,	PUNCT
gujaf-78	7	11	manufacturing	manufacturing	NOUN
gujaf-78	7	12	companies	company	NOUN
gujaf-78	7	13	,	,	PUNCT
gujaf-78	7	14	nigeria	nigeria	PROPN
gujaf-78	7	15	1	1	NUM
gujaf-78	7	16	.	.	PUNCT
gujaf-78	7	17	introduction	introduction	NOUN
gujaf-78	7	18	business	business	NOUN
gujaf-78	7	19	'	'	PART
gujaf-78	7	20	corporation	corporation	NOUN
gujaf-78	7	21	’s	’s	PART
gujaf-78	7	22	sole	sole	ADJ
gujaf-78	7	23	objective	objective	NOUN
gujaf-78	7	24	is	be	AUX
gujaf-78	7	25	to	to	PART
gujaf-78	7	26	make	make	VERB
gujaf-78	7	27	a	a	DET
gujaf-78	7	28	profit	profit	NOUN
gujaf-78	7	29	,	,	PUNCT
gujaf-78	7	30	which	which	PRON
gujaf-78	7	31	is	be	AUX
gujaf-78	7	32	typically	typically	ADV
gujaf-78	7	33	determined	determine	VERB
gujaf-78	7	34	by	by	ADP
gujaf-78	7	35	their	their	PRON
gujaf-78	7	36	decision	decision	NOUN
gujaf-78	7	37	making	make	VERB
gujaf-78	7	38	mechanisms	mechanism	NOUN
gujaf-78	7	39	.	.	PUNCT
gujaf-78	8	1	corporate	corporate	ADJ
gujaf-78	8	2	decisions	decision	NOUN
gujaf-78	8	3	have	have	VERB
gujaf-78	8	4	an	an	DET
gujaf-78	8	5	impact	impact	NOUN
gujaf-78	8	6	on	on	ADP
gujaf-78	8	7	the	the	DET
gujaf-78	8	8	company	company	NOUN
gujaf-78	8	9	's	's	PART
gujaf-78	8	10	capital	capital	NOUN
gujaf-78	8	11	base	base	NOUN
gujaf-78	8	12	and	and	CCONJ
gujaf-78	8	13	plans	plan	NOUN
gujaf-78	8	14	for	for	ADP
gujaf-78	8	15	external	external	ADJ
gujaf-78	8	16	funding	funding	NOUN
gujaf-78	8	17	(	(	PUNCT
gujaf-78	8	18	leverage	leverage	NOUN
gujaf-78	8	19	)	)	PUNCT
gujaf-78	8	20	.	.	PUNCT
gujaf-78	9	1	when	when	SCONJ
gujaf-78	9	2	a	a	DET
gujaf-78	9	3	company	company	NOUN
gujaf-78	9	4	borrows	borrow	VERB
gujaf-78	9	5	money	money	NOUN
gujaf-78	9	6	and	and	CCONJ
gujaf-78	9	7	resources	resource	NOUN
gujaf-78	9	8	from	from	ADP
gujaf-78	9	9	the	the	DET
gujaf-78	9	10	outside	outside	ADJ
gujaf-78	9	11	sources	source	NOUN
gujaf-78	9	12	,	,	PUNCT
gujaf-78	9	13	it	it	PRON
gujaf-78	9	14	is	be	AUX
gujaf-78	9	15	referred	refer	VERB
gujaf-78	9	16	to	to	ADP
gujaf-78	9	17	as	as	ADP
gujaf-78	9	18	debt	debt	NOUN
gujaf-78	9	19	financing	financing	NOUN
gujaf-78	9	20	(	(	PUNCT
gujaf-78	9	21	yahaya	yahaya	PROPN
gujaf-78	9	22	&	&	CCONJ
gujaf-78	9	23	lawal	lawal	PROPN
gujaf-78	9	24	,	,	PUNCT
gujaf-78	9	25	2018	2018	NUM
gujaf-78	9	26	)	)	PUNCT
gujaf-78	9	27	.	.	PUNCT
gujaf-78	10	1	each	each	DET
gujaf-78	10	2	company	company	NOUN
gujaf-78	10	3	can	can	AUX
gujaf-78	10	4	create	create	VERB
gujaf-78	10	5	its	its	PRON
gujaf-78	10	6	own	own	ADJ
gujaf-78	10	7	in	in	ADP
gujaf-78	10	8	different	different	ADJ
gujaf-78	10	9	ways	way	NOUN
gujaf-78	10	10	.	.	PUNCT
gujaf-78	11	1	a	a	DET
gujaf-78	11	2	company	company	NOUN
gujaf-78	11	3	's	's	PART
gujaf-78	11	4	vision	vision	NOUN
gujaf-78	11	5	usually	usually	ADV
gujaf-78	11	6	dictates	dictate	VERB
gujaf-78	11	7	the	the	DET
gujaf-78	11	8	type	type	NOUN
gujaf-78	11	9	of	of	ADP
gujaf-78	11	10	ownership	ownership	NOUN
gujaf-78	11	11	structure	structure	NOUN
gujaf-78	11	12	it	it	PRON
gujaf-78	11	13	chooses	choose	VERB
gujaf-78	11	14	(	(	PUNCT
gujaf-78	11	15	shaba	shaba	PROPN
gujaf-78	11	16	,	,	PUNCT
gujaf-78	11	17	yaaba	yaaba	PROPN
gujaf-78	11	18	,	,	PUNCT
gujaf-78	11	19	&	&	CCONJ
gujaf-78	11	20	abubakar	abubakar	PROPN
gujaf-78	11	21	,	,	PUNCT
gujaf-78	11	22	2019).the	2019).the	DET
gujaf-78	11	23	ownership	ownership	NOUN
gujaf-78	11	24	consists	consist	VERB
gujaf-78	11	25	of	of	ADP
gujaf-78	11	26	share	share	NOUN
gujaf-78	11	27	capital	capital	NOUN
gujaf-78	11	28	as	as	ADV
gujaf-78	11	29	well	well	ADV
gujaf-78	11	30	as	as	ADP
gujaf-78	11	31	the	the	DET
gujaf-78	11	32	position	position	NOUN
gujaf-78	11	33	held	hold	VERB
gujaf-78	11	34	by	by	ADP
gujaf-78	11	35	the	the	DET
gujaf-78	11	36	shareholders	shareholder	NOUN
gujaf-78	11	37	.	.	PUNCT
gujaf-78	12	1	the	the	DET
gujaf-78	12	2	structures	structure	NOUN
gujaf-78	12	3	is	be	AUX
gujaf-78	12	4	important	important	ADJ
gujaf-78	12	5	for	for	ADP
gujaf-78	12	6	the	the	DET
gujaf-78	12	7	management	management	NOUN
gujaf-78	12	8	of	of	ADP
gujaf-78	12	9	companies	company	NOUN
gujaf-78	12	10	because	because	SCONJ
gujaf-78	12	11	they	they	PRON
gujaf-78	12	12	affect	affect	VERB
gujaf-78	12	13	the	the	DET
gujaf-78	12	14	motivation	motivation	NOUN
gujaf-78	12	15	of	of	ADP
gujaf-78	12	16	managers	manager	NOUN
gujaf-78	12	17	as	as	ADV
gujaf-78	12	18	well	well	ADV
gujaf-78	12	19	as	as	ADP
gujaf-78	12	20	the	the	DET
gujaf-78	12	21	economic	economic	ADJ
gujaf-78	12	22	efficiency	efficiency	NOUN
gujaf-78	12	23	of	of	ADP
gujaf-78	12	24	companies	company	NOUN
gujaf-78	12	25	(	(	PUNCT
gujaf-78	12	26	meckling	meckling	NOUN
gujaf-78	12	27	,	,	PUNCT
gujaf-78	12	28	1976	1976	NUM
gujaf-78	12	29	)	)	PUNCT
gujaf-78	12	30	.	.	PUNCT
gujaf-78	13	1	karl	karl	PROPN
gujaf-78	13	2	(	(	PUNCT
gujaf-78	13	3	2019	2019	NUM
gujaf-78	13	4	)	)	PUNCT
gujaf-78	13	5	,	,	PUNCT
gujaf-78	13	6	went	go	VERB
gujaf-78	13	7	on	on	ADP
gujaf-78	13	8	to	to	PART
gujaf-78	13	9	say	say	VERB
gujaf-78	13	10	that	that	SCONJ
gujaf-78	13	11	corporate	corporate	ADJ
gujaf-78	13	12	governance	governance	NOUN
gujaf-78	13	13	can	can	AUX
gujaf-78	13	14	help	help	VERB
gujaf-78	13	15	individuals	individual	NOUN
gujaf-78	13	16	,	,	PUNCT
gujaf-78	13	17	companies	company	NOUN
gujaf-78	13	18	,	,	PUNCT
gujaf-78	13	19	and	and	CCONJ
gujaf-78	13	20	society	society	NOUN
gujaf-78	13	21	align	align	VERB
gujaf-78	13	22	their	their	PRON
gujaf-78	13	23	interests	interest	NOUN
gujaf-78	13	24	on	on	ADP
gujaf-78	13	25	a	a	DET
gujaf-78	13	26	fundamental	fundamental	ADJ
gujaf-78	13	27	ethical	ethical	ADJ
gujaf-78	13	28	foundation	foundation	NOUN
gujaf-78	13	29	,	,	PUNCT
gujaf-78	13	30	and	and	CCONJ
gujaf-78	13	31	that	that	SCONJ
gujaf-78	13	32	it	it	PRON
gujaf-78	13	33	can	can	AUX
gujaf-78	13	34	help	help	VERB
gujaf-78	13	35	owners	owner	NOUN
gujaf-78	13	36	mailto:ohiminiabdulkerim@gmail.com	mailto:ohiminiabdulkerim@gmail.com	X
gujaf-78	14	1	mailto:olusegunjma@gmail.com	mailto:olusegunjma@gmail.com	X
gujaf-78	14	2	mailto:davidodobi4u@gmail.com	mailto:davidodobi4u@gmail.com	X
gujaf-78	15	1	gusau	gusau	PROPN
gujaf-78	15	2	journal	journal	PROPN
gujaf-78	15	3	of	of	ADP
gujaf-78	15	4	accounting	accounting	NOUN
gujaf-78	15	5	and	and	CCONJ
gujaf-78	15	6	finance	finance	NOUN
gujaf-78	15	7	,	,	PUNCT
gujaf-78	15	8	vol	vol	NOUN
gujaf-78	15	9	.	.	PROPN
gujaf-78	15	10	2	2	NUM
gujaf-78	15	11	,	,	PUNCT
gujaf-78	15	12	issue	issue	NOUN
gujaf-78	15	13	3	3	NUM
gujaf-78	15	14	,	,	PUNCT
gujaf-78	15	15	april	april	PROPN
gujaf-78	15	16	,	,	PUNCT
gujaf-78	15	17	2021	2021	NUM
gujaf-78	15	18	3	3	NUM
gujaf-78	15	19	achieve	achieve	VERB
gujaf-78	15	20	their	their	PRON
gujaf-78	15	21	strategic	strategic	ADJ
gujaf-78	15	22	goal	goal	NOUN
gujaf-78	15	23	by	by	ADP
gujaf-78	15	24	increasing	increase	VERB
gujaf-78	15	25	shareholder	shareholder	NOUN
gujaf-78	15	26	wealth	wealth	NOUN
gujaf-78	15	27	and	and	CCONJ
gujaf-78	15	28	dominant	dominant	VERB
gujaf-78	15	29	the	the	DET
gujaf-78	15	30	market	market	NOUN
gujaf-78	15	31	share	share	NOUN
gujaf-78	15	32	.	.	PUNCT
gujaf-78	16	1	participation	participation	NOUN
gujaf-78	16	2	in	in	ADP
gujaf-78	16	3	management	management	NOUN
gujaf-78	16	4	decisions	decision	NOUN
gujaf-78	16	5	can	can	AUX
gujaf-78	16	6	improve	improve	VERB
gujaf-78	16	7	company	company	NOUN
gujaf-78	16	8	performance	performance	NOUN
gujaf-78	16	9	by	by	ADP
gujaf-78	16	10	aligning	align	VERB
gujaf-78	16	11	monetary	monetary	ADJ
gujaf-78	16	12	consideration	consideration	NOUN
gujaf-78	16	13	between	between	ADP
gujaf-78	16	14	manager	manager	NOUN
gujaf-78	16	15	and	and	CCONJ
gujaf-78	16	16	shareholders	shareholder	NOUN
gujaf-78	16	17	(	(	PUNCT
gujaf-78	16	18	posner	posner	NOUN
gujaf-78	16	19	,	,	PUNCT
gujaf-78	16	20	2009	2009	NUM
gujaf-78	16	21	)	)	PUNCT
gujaf-78	16	22	.	.	PUNCT
gujaf-78	17	1	greater	great	ADJ
gujaf-78	17	2	manager	manager	NOUN
gujaf-78	17	3	ownership	ownership	NOUN
gujaf-78	17	4	can	can	AUX
gujaf-78	17	5	improve	improve	VERB
gujaf-78	17	6	business	business	NOUN
gujaf-78	17	7	performance	performance	NOUN
gujaf-78	17	8	because	because	SCONJ
gujaf-78	17	9	managers	manager	NOUN
gujaf-78	17	10	are	be	AUX
gujaf-78	17	11	better	well	ADJ
gujaf-78	17	12	able	able	ADJ
gujaf-78	17	13	to	to	PART
gujaf-78	17	14	defend	defend	VERB
gujaf-78	17	15	corporate	corporate	ADJ
gujaf-78	17	16	control	control	NOUN
gujaf-78	17	17	against	against	ADP
gujaf-78	17	18	a	a	DET
gujaf-78	17	19	market	market	NOUN
gujaf-78	17	20	takeover	takeover	NOUN
gujaf-78	17	21	threat	threat	NOUN
gujaf-78	17	22	(	(	PUNCT
gujaf-78	17	23	fosberg	fosberg	NOUN
gujaf-78	17	24	,	,	PUNCT
gujaf-78	17	25	2015	2015	NUM
gujaf-78	17	26	)	)	PUNCT
gujaf-78	17	27	.	.	PUNCT
gujaf-78	18	1	shareholders	shareholder	NOUN
gujaf-78	18	2	with	with	ADP
gujaf-78	18	3	a	a	DET
gujaf-78	18	4	stake	stake	NOUN
gujaf-78	18	5	in	in	ADP
gujaf-78	18	6	corporations	corporation	NOUN
gujaf-78	18	7	,	,	PUNCT
gujaf-78	18	8	on	on	ADP
gujaf-78	18	9	the	the	DET
gujaf-78	18	10	other	other	ADJ
gujaf-78	18	11	hand	hand	NOUN
gujaf-78	18	12	,	,	PUNCT
gujaf-78	18	13	can	can	AUX
gujaf-78	18	14	be	be	AUX
gujaf-78	18	15	more	more	ADV
gujaf-78	18	16	active	active	ADJ
gujaf-78	18	17	in	in	ADP
gujaf-78	18	18	protecting	protect	VERB
gujaf-78	18	19	the	the	DET
gujaf-78	18	20	organization	organization	NOUN
gujaf-78	18	21	's	's	PART
gujaf-78	18	22	interests	interest	NOUN
gujaf-78	18	23	among	among	ADP
gujaf-78	18	24	all	all	DET
gujaf-78	18	25	stakeholders	stakeholder	NOUN
gujaf-78	18	26	.	.	PUNCT
gujaf-78	19	1	this	this	PRON
gujaf-78	19	2	is	be	AUX
gujaf-78	19	3	because	because	SCONJ
gujaf-78	19	4	they	they	PRON
gujaf-78	19	5	must	must	AUX
gujaf-78	19	6	believe	believe	VERB
gujaf-78	19	7	and	and	CCONJ
gujaf-78	19	8	feel	feel	VERB
gujaf-78	19	9	that	that	SCONJ
gujaf-78	19	10	the	the	DET
gujaf-78	19	11	organization	organization	NOUN
gujaf-78	19	12	's	's	PART
gujaf-78	19	13	failure	failure	NOUN
gujaf-78	19	14	is	be	AUX
gujaf-78	19	15	implicitly	implicitly	ADV
gujaf-78	19	16	their	their	PRON
gujaf-78	19	17	failure	failure	NOUN
gujaf-78	19	18	,	,	PUNCT
gujaf-78	19	19	and	and	CCONJ
gujaf-78	19	20	that	that	SCONJ
gujaf-78	19	21	losing	lose	VERB
gujaf-78	19	22	their	their	PRON
gujaf-78	19	23	stake	stake	NOUN
gujaf-78	19	24	could	could	AUX
gujaf-78	19	25	result	result	VERB
gujaf-78	19	26	in	in	ADP
gujaf-78	19	27	them	they	PRON
gujaf-78	19	28	losing	lose	VERB
gujaf-78	19	29	their	their	PRON
gujaf-78	19	30	stake	stake	NOUN
gujaf-78	19	31	.	.	PUNCT
gujaf-78	20	1	managers	manager	NOUN
gujaf-78	20	2	who	who	PRON
gujaf-78	20	3	participate	participate	VERB
gujaf-78	20	4	in	in	ADP
gujaf-78	20	5	more	more	ADJ
gujaf-78	20	6	than	than	ADP
gujaf-78	20	7	one	one	NUM
gujaf-78	20	8	organization	organization	NOUN
gujaf-78	20	9	,	,	PUNCT
gujaf-78	20	10	on	on	ADP
gujaf-78	20	11	the	the	DET
gujaf-78	20	12	other	other	ADJ
gujaf-78	20	13	hand	hand	NOUN
gujaf-78	20	14	,	,	PUNCT
gujaf-78	20	15	also	also	ADV
gujaf-78	20	16	seek	seek	VERB
gujaf-78	20	17	to	to	PART
gujaf-78	20	18	improve	improve	VERB
gujaf-78	20	19	the	the	DET
gujaf-78	20	20	performance	performance	NOUN
gujaf-78	20	21	of	of	ADP
gujaf-78	20	22	one	one	NUM
gujaf-78	20	23	organization	organization	NOUN
gujaf-78	20	24	so	so	SCONJ
gujaf-78	20	25	that	that	SCONJ
gujaf-78	20	26	high	high	ADJ
gujaf-78	20	27	returns	return	NOUN
gujaf-78	20	28	are	be	AUX
gujaf-78	20	29	reported	report	VERB
gujaf-78	20	30	when	when	SCONJ
gujaf-78	20	31	dividends	dividend	NOUN
gujaf-78	20	32	and	and	CCONJ
gujaf-78	20	33	bonds	bond	NOUN
gujaf-78	20	34	are	be	AUX
gujaf-78	20	35	issued	issue	VERB
gujaf-78	20	36	.	.	PUNCT
gujaf-78	21	1	nigeria	nigeria	PROPN
gujaf-78	21	2	's	's	PART
gujaf-78	21	3	manufacturing	manufacturing	NOUN
gujaf-78	21	4	sector	sector	NOUN
gujaf-78	21	5	is	be	AUX
gujaf-78	21	6	one	one	NUM
gujaf-78	21	7	of	of	ADP
gujaf-78	21	8	the	the	DET
gujaf-78	21	9	most	most	ADV
gujaf-78	21	10	important	important	ADJ
gujaf-78	21	11	.	.	PUNCT
gujaf-78	22	1	in	in	ADP
gujaf-78	22	2	several	several	ADJ
gujaf-78	22	3	ways	way	NOUN
gujaf-78	22	4	it	it	PRON
gujaf-78	22	5	's	be	AUX
gujaf-78	22	6	a	a	DET
gujaf-78	22	7	way	way	NOUN
gujaf-78	22	8	to	to	PART
gujaf-78	22	9	boost	boost	VERB
gujaf-78	22	10	productivity	productivity	NOUN
gujaf-78	22	11	in	in	ADP
gujaf-78	22	12	terms	term	NOUN
gujaf-78	22	13	of	of	ADP
gujaf-78	22	14	import	import	NOUN
gujaf-78	22	15	substitution	substitution	NOUN
gujaf-78	22	16	and	and	CCONJ
gujaf-78	22	17	expansion	expansion	NOUN
gujaf-78	22	18	,	,	PUNCT
gujaf-78	22	19	as	as	ADV
gujaf-78	22	20	well	well	ADV
gujaf-78	22	21	as	as	ADP
gujaf-78	22	22	generate	generate	VERB
gujaf-78	22	23	currency	currency	NOUN
gujaf-78	22	24	income	income	NOUN
gujaf-78	22	25	and	and	CCONJ
gujaf-78	22	26	increase	increase	VERB
gujaf-78	22	27	employment	employment	NOUN
gujaf-78	22	28	.	.	PUNCT
gujaf-78	23	1	despite	despite	SCONJ
gujaf-78	23	2	ongoing	ongoing	ADJ
gujaf-78	23	3	policy	policy	NOUN
gujaf-78	23	4	strategies	strategy	NOUN
gujaf-78	23	5	to	to	PART
gujaf-78	23	6	attract	attract	VERB
gujaf-78	23	7	credit	credit	NOUN
gujaf-78	23	8	to	to	ADP
gujaf-78	23	9	the	the	DET
gujaf-78	23	10	manufacturing	manufacturing	NOUN
gujaf-78	23	11	sector	sector	NOUN
gujaf-78	23	12	,	,	PUNCT
gujaf-78	23	13	most	most	ADJ
gujaf-78	23	14	nigerian	nigerian	ADJ
gujaf-78	23	15	manufacturing	manufacturing	NOUN
gujaf-78	23	16	enterprises	enterprise	NOUN
gujaf-78	23	17	have	have	AUX
gujaf-78	23	18	remained	remain	VERB
gujaf-78	23	19	unattractive	unattractive	ADJ
gujaf-78	23	20	due	due	ADP
gujaf-78	23	21	to	to	ADP
gujaf-78	23	22	the	the	DET
gujaf-78	23	23	various	various	ADJ
gujaf-78	23	24	allegations	allegation	NOUN
gujaf-78	23	25	imposed	impose	VERB
gujaf-78	23	26	by	by	ADP
gujaf-78	23	27	financial	financial	ADJ
gujaf-78	23	28	institutions	institution	NOUN
gujaf-78	23	29	and	and	CCONJ
gujaf-78	23	30	government	government	NOUN
gujaf-78	23	31	leading	lead	VERB
gujaf-78	23	32	to	to	ADP
gujaf-78	23	33	a	a	DET
gujaf-78	23	34	reduction	reduction	NOUN
gujaf-78	23	35	in	in	ADP
gujaf-78	23	36	the	the	DET
gujaf-78	23	37	net	net	ADJ
gujaf-78	23	38	worth	worth	NOUN
gujaf-78	23	39	of	of	ADP
gujaf-78	23	40	the	the	DET
gujaf-78	23	41	companies	company	NOUN
gujaf-78	23	42	(	(	PUNCT
gujaf-78	23	43	alhaji	alhaji	NOUN
gujaf-78	23	44	,	,	PUNCT
gujaf-78	23	45	2018	2018	NUM
gujaf-78	23	46	)	)	PUNCT
gujaf-78	23	47	.	.	PUNCT
gujaf-78	24	1	despite	despite	SCONJ
gujaf-78	24	2	the	the	DET
gujaf-78	24	3	important	important	ADJ
gujaf-78	24	4	role	role	NOUN
gujaf-78	24	5	of	of	ADP
gujaf-78	24	6	the	the	DET
gujaf-78	24	7	manufacturing	manufacturing	NOUN
gujaf-78	24	8	sector	sector	NOUN
gujaf-78	24	9	in	in	ADP
gujaf-78	24	10	development	development	NOUN
gujaf-78	24	11	,	,	PUNCT
gujaf-78	24	12	nigeria	nigeria	PROPN
gujaf-78	24	13	is	be	AUX
gujaf-78	24	14	still	still	ADV
gujaf-78	24	15	lagging	lag	VERB
gujaf-78	24	16	behind	behind	ADV
gujaf-78	24	17	,	,	PUNCT
gujaf-78	24	18	as	as	SCONJ
gujaf-78	24	19	shown	show	VERB
gujaf-78	24	20	by	by	ADP
gujaf-78	24	21	the	the	DET
gujaf-78	24	22	several	several	ADJ
gujaf-78	24	23	declines	decline	NOUN
gujaf-78	24	24	of	of	ADP
gujaf-78	24	25	the	the	DET
gujaf-78	24	26	manufacturing	manufacture	VERB
gujaf-78	24	27	sector	sector	NOUN
gujaf-78	24	28	to	to	ADP
gujaf-78	24	29	gdp	gdp	NOUN
gujaf-78	24	30	.	.	PUNCT
gujaf-78	25	1	also	also	ADV
gujaf-78	25	2	from	from	ADP
gujaf-78	25	3	the	the	DET
gujaf-78	25	4	financial	financial	ADJ
gujaf-78	25	5	statement	statement	NOUN
gujaf-78	25	6	of	of	ADP
gujaf-78	25	7	some	some	DET
gujaf-78	25	8	manufacturing	manufacture	VERB
gujaf-78	25	9	companies	company	NOUN
gujaf-78	25	10	,	,	PUNCT
gujaf-78	25	11	as	as	SCONJ
gujaf-78	25	12	seen	see	VERB
gujaf-78	25	13	in	in	ADP
gujaf-78	25	14	nascon	nascon	NOUN
gujaf-78	25	15	allied	allied	PROPN
gujaf-78	25	16	industries	industries	PROPN
gujaf-78	25	17	plc	plc	PROPN
gujaf-78	25	18	,	,	PUNCT
gujaf-78	25	19	which	which	PRON
gujaf-78	25	20	recorded	record	VERB
gujaf-78	25	21	37	37	NUM
gujaf-78	25	22	%	%	NOUN
gujaf-78	25	23	of	of	ADP
gujaf-78	25	24	its	its	PRON
gujaf-78	25	25	asset	asset	NOUN
gujaf-78	25	26	return	return	NOUN
gujaf-78	25	27	in	in	ADP
gujaf-78	25	28	2015	2015	NUM
gujaf-78	25	29	but	but	CCONJ
gujaf-78	25	30	decreased	decrease	VERB
gujaf-78	25	31	to	to	ADP
gujaf-78	25	32	13	13	NUM
gujaf-78	25	33	%	%	NOUN
gujaf-78	25	34	in	in	ADP
gujaf-78	25	35	2017	2017	NUM
gujaf-78	25	36	.	.	PUNCT
gujaf-78	26	1	nigerian	nigerian	PROPN
gujaf-78	26	2	flourmill	flourmill	PROPN
gujaf-78	26	3	plc	plc	PROPN
gujaf-78	26	4	recorded	record	VERB
gujaf-78	26	5	an	an	DET
gujaf-78	26	6	asset	asset	NOUN
gujaf-78	26	7	return	return	NOUN
gujaf-78	26	8	of	of	ADP
gujaf-78	26	9	13	13	NUM
gujaf-78	26	10	%	%	NOUN
gujaf-78	26	11	in	in	ADP
gujaf-78	26	12	2014	2014	NUM
gujaf-78	26	13	and	and	CCONJ
gujaf-78	26	14	further	far	ADV
gujaf-78	26	15	decreased	decrease	VERB
gujaf-78	26	16	to	to	ADP
gujaf-78	26	17	1	1	NUM
gujaf-78	26	18	%	%	NOUN
gujaf-78	26	19	in	in	ADP
gujaf-78	26	20	2018	2018	NUM
gujaf-78	26	21	.	.	PUNCT
gujaf-78	27	1	cutix	cutix	PROPN
gujaf-78	27	2	plc	plc	PROPN
gujaf-78	27	3	recorded	record	VERB
gujaf-78	27	4	19	19	NUM
gujaf-78	27	5	%	%	NOUN
gujaf-78	27	6	of	of	ADP
gujaf-78	27	7	its	its	PRON
gujaf-78	27	8	return	return	NOUN
gujaf-78	27	9	on	on	ADP
gujaf-78	27	10	assets	asset	NOUN
gujaf-78	27	11	in	in	ADP
gujaf-78	27	12	2017	2017	NUM
gujaf-78	27	13	and	and	CCONJ
gujaf-78	27	14	further	far	ADV
gujaf-78	27	15	decreased	decrease	VERB
gujaf-78	27	16	to	to	ADP
gujaf-78	27	17	8	8	NUM
gujaf-78	27	18	%	%	NOUN
gujaf-78	27	19	in	in	ADP
gujaf-78	27	20	2018	2018	NUM
gujaf-78	27	21	is	be	AUX
gujaf-78	27	22	as	as	ADP
gujaf-78	27	23	a	a	DET
gujaf-78	27	24	result	result	NOUN
gujaf-78	27	25	of	of	ADP
gujaf-78	27	26	poor	poor	ADJ
gujaf-78	27	27	economic	economic	ADJ
gujaf-78	27	28	downturn	downturn	NOUN
gujaf-78	27	29	and	and	CCONJ
gujaf-78	27	30	improper	improper	ADJ
gujaf-78	27	31	management	management	NOUN
gujaf-78	27	32	of	of	ADP
gujaf-78	27	33	the	the	DET
gujaf-78	27	34	organization	organization	NOUN
gujaf-78	27	35	.	.	PUNCT
gujaf-78	28	1	financial	financial	ADJ
gujaf-78	28	2	performance	performance	NOUN
gujaf-78	28	3	,	,	PUNCT
gujaf-78	28	4	as	as	SCONJ
gujaf-78	28	5	measured	measure	VERB
gujaf-78	28	6	by	by	ADP
gujaf-78	28	7	roa	roa	PROPN
gujaf-78	28	8	,	,	PUNCT
gujaf-78	28	9	has	have	AUX
gujaf-78	28	10	revealed	reveal	VERB
gujaf-78	28	11	the	the	DET
gujaf-78	28	12	need	need	NOUN
gujaf-78	28	13	for	for	ADP
gujaf-78	28	14	improvement	improvement	NOUN
gujaf-78	28	15	,	,	PUNCT
gujaf-78	28	16	as	as	ADV
gujaf-78	28	17	well	well	ADV
gujaf-78	28	18	as	as	ADP
gujaf-78	28	19	the	the	DET
gujaf-78	28	20	identification	identification	NOUN
gujaf-78	28	21	of	of	ADP
gujaf-78	28	22	specific	specific	ADJ
gujaf-78	28	23	factors	factor	NOUN
gujaf-78	28	24	that	that	PRON
gujaf-78	28	25	influence	influence	VERB
gujaf-78	28	26	financial	financial	ADJ
gujaf-78	28	27	performance	performance	NOUN
gujaf-78	28	28	and	and	CCONJ
gujaf-78	28	29	the	the	DET
gujaf-78	28	30	magnitude	magnitude	NOUN
gujaf-78	28	31	of	of	ADP
gujaf-78	28	32	their	their	PRON
gujaf-78	28	33	impact	impact	NOUN
gujaf-78	28	34	on	on	ADP
gujaf-78	28	35	nigeria	nigeria	PROPN
gujaf-78	28	36	's	's	PART
gujaf-78	28	37	manufacturing	manufacturing	NOUN
gujaf-78	28	38	sector	sector	NOUN
gujaf-78	28	39	.	.	PUNCT
gujaf-78	29	1	many	many	ADJ
gujaf-78	29	2	researchers	researcher	NOUN
gujaf-78	29	3	have	have	AUX
gujaf-78	29	4	turned	turn	VERB
gujaf-78	29	5	to	to	ADP
gujaf-78	29	6	these	these	DET
gujaf-78	29	7	shareholders	shareholder	NOUN
gujaf-78	29	8	as	as	SCONJ
gujaf-78	29	9	ownership	ownership	NOUN
gujaf-78	29	10	grows	grow	VERB
gujaf-78	29	11	over	over	ADP
gujaf-78	29	12	time	time	NOUN
gujaf-78	29	13	.	.	PUNCT
gujaf-78	30	1	due	due	ADP
gujaf-78	30	2	to	to	ADP
gujaf-78	30	3	their	their	PRON
gujaf-78	30	4	advantage	advantage	NOUN
gujaf-78	30	5	of	of	ADP
gujaf-78	30	6	diffuse	diffuse	ADJ
gujaf-78	30	7	shareholders	shareholder	NOUN
gujaf-78	30	8	,	,	PUNCT
gujaf-78	30	9	institutional	institutional	ADJ
gujaf-78	30	10	,	,	PUNCT
gujaf-78	30	11	concentrated	concentrated	ADJ
gujaf-78	30	12	,	,	PUNCT
gujaf-78	30	13	and	and	CCONJ
gujaf-78	30	14	foreign	foreign	ADJ
gujaf-78	30	15	)	)	PUNCT
gujaf-78	30	16	as	as	ADP
gujaf-78	30	17	potential	potential	ADJ
gujaf-78	30	18	monitors	monitor	NOUN
gujaf-78	30	19	.	.	PUNCT
gujaf-78	31	1	because	because	SCONJ
gujaf-78	31	2	it	it	PRON
gujaf-78	31	3	increases	increase	VERB
gujaf-78	31	4	stock	stock	NOUN
gujaf-78	31	5	ownership	ownership	NOUN
gujaf-78	31	6	and	and	CCONJ
gujaf-78	31	7	aims	aim	VERB
gujaf-78	31	8	to	to	PART
gujaf-78	31	9	maximize	maximize	VERB
gujaf-78	31	10	investment	investment	NOUN
gujaf-78	31	11	,	,	PUNCT
gujaf-78	31	12	it	it	PRON
gujaf-78	31	13	is	be	AUX
gujaf-78	31	14	therefore	therefore	ADV
gujaf-78	31	15	possible	possible	ADJ
gujaf-78	31	16	to	to	PART
gujaf-78	31	17	create	create	VERB
gujaf-78	31	18	new	new	ADJ
gujaf-78	31	19	management	management	NOUN
gujaf-78	31	20	disciplines	discipline	NOUN
gujaf-78	31	21	.	.	PUNCT
gujaf-78	32	1	conflicts	conflict	NOUN
gujaf-78	32	2	that	that	PRON
gujaf-78	32	3	can	can	AUX
gujaf-78	32	4	affect	affect	VERB
gujaf-78	32	5	the	the	DET
gujaf-78	32	6	company	company	NOUN
gujaf-78	32	7	's	's	PART
gujaf-78	32	8	operating	operating	NOUN
gujaf-78	32	9	performance	performance	NOUN
gujaf-78	32	10	are	be	AUX
gujaf-78	32	11	strongly	strongly	ADV
gujaf-78	32	12	linked	link	VERB
gujaf-78	32	13	to	to	ADP
gujaf-78	32	14	the	the	DET
gujaf-78	32	15	ownership	ownership	NOUN
gujaf-78	32	16	structure	structure	NOUN
gujaf-78	32	17	.	.	PUNCT
gujaf-78	33	1	hafez	hafez	PROPN
gujaf-78	33	2	,	,	PUNCT
gujaf-78	33	3	(	(	PUNCT
gujaf-78	33	4	2017	2017	NUM
gujaf-78	33	5	)	)	PUNCT
gujaf-78	33	6	argued	argue	VERB
gujaf-78	33	7	that	that	SCONJ
gujaf-78	33	8	the	the	DET
gujaf-78	33	9	ownership	ownership	NOUN
gujaf-78	33	10	structure	structure	NOUN
gujaf-78	33	11	leads	lead	VERB
gujaf-78	33	12	to	to	ADP
gujaf-78	33	13	conflict	conflict	NOUN
gujaf-78	33	14	.	.	PUNCT
gujaf-78	34	1	according	accord	VERB
gujaf-78	34	2	tachiwou	tachiwou	NOUN
gujaf-78	34	3	and	and	CCONJ
gujaf-78	34	4	morey	morey	PROPN
gujaf-78	34	5	,	,	PUNCT
gujaf-78	34	6	(	(	PUNCT
gujaf-78	34	7	2016	2016	NUM
gujaf-78	34	8	)	)	PUNCT
gujaf-78	34	9	,	,	PUNCT
gujaf-78	34	10	this	this	DET
gujaf-78	34	11	interest	interest	NOUN
gujaf-78	34	12	can	can	AUX
gujaf-78	34	13	lead	lead	VERB
gujaf-78	34	14	to	to	ADP
gujaf-78	34	15	agency	agency	NOUN
gujaf-78	34	16	problems	problem	NOUN
gujaf-78	34	17	.	.	PUNCT
gujaf-78	35	1	as	as	SCONJ
gujaf-78	35	2	the	the	DET
gujaf-78	35	3	ownership	ownership	NOUN
gujaf-78	35	4	structure	structure	NOUN
gujaf-78	35	5	of	of	ADP
gujaf-78	35	6	a	a	DET
gujaf-78	35	7	business	business	NOUN
gujaf-78	35	8	changes	change	NOUN
gujaf-78	35	9	and	and	CCONJ
gujaf-78	35	10	control	control	NOUN
gujaf-78	35	11	is	be	AUX
gujaf-78	35	12	separated	separate	VERB
gujaf-78	35	13	from	from	ADP
gujaf-78	35	14	ownership	ownership	NOUN
gujaf-78	35	15	,	,	PUNCT
gujaf-78	35	16	incentive	incentive	ADJ
gujaf-78	35	17	alignment	alignment	NOUN
gujaf-78	35	18	issues	issue	NOUN
gujaf-78	35	19	arise	arise	VERB
gujaf-78	35	20	.	.	PUNCT
gujaf-78	36	1	objective	objective	NOUN
gujaf-78	36	2	of	of	ADP
gujaf-78	36	3	this	this	DET
gujaf-78	36	4	study	study	NOUN
gujaf-78	36	5	is	be	AUX
gujaf-78	36	6	to	to	PART
gujaf-78	36	7	examine	examine	VERB
gujaf-78	36	8	ownership	ownership	NOUN
gujaf-78	36	9	structure	structure	NOUN
gujaf-78	36	10	and	and	CCONJ
gujaf-78	36	11	financial	financial	ADJ
gujaf-78	36	12	performance	performance	NOUN
gujaf-78	36	13	on	on	ADP
gujaf-78	36	14	listed	list	VERB
gujaf-78	36	15	manufacturing	manufacturing	NOUN
gujaf-78	36	16	companies	company	NOUN
gujaf-78	36	17	in	in	ADP
gujaf-78	36	18	nigerian	nigerian	PROPN
gujaf-78	36	19	.	.	PUNCT
gujaf-78	37	1	the	the	DET
gujaf-78	37	2	specific	specific	ADJ
gujaf-78	37	3	objectives	objective	NOUN
gujaf-78	37	4	are	be	AUX
gujaf-78	37	5	to	to	PART
gujaf-78	37	6	examine	examine	VERB
gujaf-78	37	7	the	the	DET
gujaf-78	37	8	effects	effect	NOUN
gujaf-78	37	9	of	of	ADP
gujaf-78	37	10	management	management	NOUN
gujaf-78	37	11	ownership	ownership	NOUN
gujaf-78	37	12	and	and	CCONJ
gujaf-78	37	13	financial	financial	ADJ
gujaf-78	37	14	performance	performance	NOUN
gujaf-78	37	15	on	on	ADP
gujaf-78	37	16	listed	list	VERB
gujaf-78	37	17	manufacturing	manufacturing	NOUN
gujaf-78	37	18	companies	company	NOUN
gujaf-78	37	19	in	in	ADP
gujaf-78	37	20	nigerian	nigerian	PROPN
gujaf-78	37	21	.	.	PUNCT
gujaf-78	38	1	study	study	VERB
gujaf-78	38	2	the	the	DET
gujaf-78	38	3	impact	impact	NOUN
gujaf-78	38	4	of	of	ADP
gujaf-78	38	5	institutional	institutional	ADJ
gujaf-78	38	6	ownership	ownership	NOUN
gujaf-78	38	7	and	and	CCONJ
gujaf-78	38	8	financial	financial	ADJ
gujaf-78	38	9	performance	performance	NOUN
gujaf-78	38	10	on	on	ADP
gujaf-78	38	11	public	public	ADJ
gujaf-78	38	12	listed	list	VERB
gujaf-78	38	13	manufacturing	manufacturing	NOUN
gujaf-78	38	14	companies	company	NOUN
gujaf-78	38	15	in	in	ADP
gujaf-78	38	16	nigeria	nigeria	PROPN
gujaf-78	38	17	.	.	PUNCT
gujaf-78	39	1	to	to	PART
gujaf-78	39	2	examine	examine	VERB
gujaf-78	39	3	the	the	DET
gujaf-78	39	4	impact	impact	NOUN
gujaf-78	39	5	of	of	ADP
gujaf-78	39	6	ownership	ownership	NOUN
gujaf-78	39	7	concentration	concentration	NOUN
gujaf-78	39	8	and	and	CCONJ
gujaf-78	39	9	financial	financial	ADJ
gujaf-78	39	10	performance	performance	NOUN
gujaf-78	39	11	on	on	ADP
gujaf-78	39	12	listed	list	VERB
gujaf-78	39	13	manufacturing	manufacturing	NOUN
gujaf-78	39	14	companies	company	NOUN
gujaf-78	39	15	nigeria	nigeria	INTJ
gujaf-78	39	16	.	.	PUNCT
gujaf-78	40	1	as	as	ADP
gujaf-78	40	2	a	a	DET
gujaf-78	40	3	result	result	NOUN
gujaf-78	40	4	,	,	PUNCT
gujaf-78	40	5	the	the	DET
gujaf-78	40	6	researchers	researcher	NOUN
gujaf-78	40	7	hypothesized	hypothesize	VERB
gujaf-78	40	8	that	that	SCONJ
gujaf-78	40	9	managerial	managerial	ADJ
gujaf-78	40	10	ownership	ownership	NOUN
gujaf-78	40	11	had	have	VERB
gujaf-78	40	12	little	little	ADJ
gujaf-78	40	13	impact	impact	NOUN
gujaf-78	40	14	on	on	ADP
gujaf-78	40	15	the	the	DET
gujaf-78	40	16	financial	financial	ADJ
gujaf-78	40	17	performance	performance	NOUN
gujaf-78	40	18	of	of	ADP
gujaf-78	40	19	nigerian	nigerian	ADJ
gujaf-78	40	20	manufacturing	manufacturing	NOUN
gujaf-78	40	21	firms	firm	NOUN
gujaf-78	40	22	.	.	PUNCT
gujaf-78	41	1	in	in	ADP
gujaf-78	41	2	nigeria	nigeria	PROPN
gujaf-78	41	3	,	,	PUNCT
gujaf-78	41	4	the	the	DET
gujaf-78	41	5	financial	financial	ADJ
gujaf-78	41	6	performance	performance	NOUN
gujaf-78	41	7	of	of	ADP
gujaf-78	41	8	manufacturing	manufacturing	NOUN
gujaf-78	41	9	companies	company	NOUN
gujaf-78	41	10	has	have	VERB
gujaf-78	41	11	no	no	DET
gujaf-78	41	12	bearing	bearing	NOUN
gujaf-78	41	13	on	on	ADP
gujaf-78	41	14	institutional	institutional	ADJ
gujaf-78	41	15	ownership	ownership	NOUN
gujaf-78	41	16	.	.	PUNCT
gujaf-78	42	1	furthermore	furthermore	ADV
gujaf-78	42	2	,	,	PUNCT
gujaf-78	42	3	the	the	DET
gujaf-78	42	4	financial	financial	ADJ
gujaf-78	42	5	performance	performance	NOUN
gujaf-78	42	6	of	of	ADP
gujaf-78	42	7	listed	list	VERB
gujaf-78	42	8	manufacturing	manufacturing	NOUN
gujaf-78	42	9	companies	company	NOUN
gujaf-78	42	10	in	in	ADP
gujaf-78	42	11	nigeria	nigeria	PROPN
gujaf-78	42	12	is	be	AUX
gujaf-78	42	13	unaffected	unaffected	ADJ
gujaf-78	42	14	by	by	ADP
gujaf-78	42	15	ownership	ownership	NOUN
gujaf-78	42	16	concentration	concentration	NOUN
gujaf-78	42	17	.	.	PUNCT
gujaf-78	43	1	the	the	DET
gujaf-78	43	2	study	study	NOUN
gujaf-78	43	3	looked	look	VERB
gujaf-78	43	4	at	at	ADP
gujaf-78	43	5	the	the	DET
gujaf-78	43	6	ownership	ownership	NOUN
gujaf-78	43	7	structure	structure	NOUN
gujaf-78	43	8	and	and	CCONJ
gujaf-78	43	9	financial	financial	ADJ
gujaf-78	43	10	performance	performance	NOUN
gujaf-78	43	11	of	of	ADP
gujaf-78	43	12	gusau	gusau	ADJ
gujaf-78	43	13	journal	journal	NOUN
gujaf-78	43	14	of	of	ADP
gujaf-78	43	15	accounting	accounting	NOUN
gujaf-78	43	16	and	and	CCONJ
gujaf-78	43	17	finance	finance	NOUN
gujaf-78	43	18	,	,	PUNCT
gujaf-78	43	19	vol	vol	NOUN
gujaf-78	43	20	.	.	PROPN
gujaf-78	43	21	2	2	NUM
gujaf-78	43	22	,	,	PUNCT
gujaf-78	43	23	issue	issue	NOUN
gujaf-78	43	24	3	3	NUM
gujaf-78	43	25	,	,	PUNCT
gujaf-78	43	26	april	april	PROPN
gujaf-78	43	27	,	,	PUNCT
gujaf-78	43	28	2021	2021	NUM
gujaf-78	43	29	4	4	NUM
gujaf-78	43	30	nigerian	nigerian	ADJ
gujaf-78	43	31	listed	list	VERB
gujaf-78	43	32	manufacturing	manufacturing	NOUN
gujaf-78	43	33	companies	company	NOUN
gujaf-78	43	34	.	.	PUNCT
gujaf-78	44	1	the	the	DET
gujaf-78	44	2	study	study	NOUN
gujaf-78	44	3	used	use	VERB
gujaf-78	44	4	eight	eight	NUM
gujaf-78	44	5	-	-	PUNCT
gujaf-78	44	6	year	year	NOUN
gujaf-78	44	7	sample	sample	NOUN
gujaf-78	44	8	of	of	ADP
gujaf-78	44	9	35	35	NUM
gujaf-78	44	10	nigerian	nigerian	ADJ
gujaf-78	44	11	public	public	ADJ
gujaf-78	44	12	companies	company	NOUN
gujaf-78	44	13	all	all	PRON
gujaf-78	44	14	of	of	ADP
gujaf-78	44	15	which	which	PRON
gujaf-78	44	16	were	be	AUX
gujaf-78	44	17	in	in	ADP
gujaf-78	44	18	the	the	DET
gujaf-78	44	19	consumer	consumer	NOUN
gujaf-78	44	20	and	and	CCONJ
gujaf-78	44	21	industrial	industrial	ADJ
gujaf-78	44	22	goods	good	NOUN
gujaf-78	44	23	sectors	sector	NOUN
gujaf-78	44	24	.	.	PUNCT
gujaf-78	45	1	the	the	DET
gujaf-78	45	2	practical	practical	ADJ
gujaf-78	45	3	outcome	outcome	NOUN
gujaf-78	45	4	of	of	ADP
gujaf-78	45	5	the	the	DET
gujaf-78	45	6	study	study	NOUN
gujaf-78	45	7	is	be	AUX
gujaf-78	45	8	expected	expect	VERB
gujaf-78	45	9	to	to	PART
gujaf-78	45	10	be	be	AUX
gujaf-78	45	11	of	of	ADP
gujaf-78	45	12	benefit	benefit	NOUN
gujaf-78	45	13	because	because	SCONJ
gujaf-78	45	14	financial	financial	ADJ
gujaf-78	45	15	performance	performance	NOUN
gujaf-78	45	16	is	be	AUX
gujaf-78	45	17	a	a	DET
gujaf-78	45	18	direct	direct	ADJ
gujaf-78	45	19	outcome	outcome	NOUN
gujaf-78	45	20	of	of	ADP
gujaf-78	45	21	revenue	revenue	NOUN
gujaf-78	45	22	generation	generation	NOUN
gujaf-78	45	23	and	and	CCONJ
gujaf-78	45	24	effective	effective	ADJ
gujaf-78	45	25	utilization	utilization	NOUN
gujaf-78	45	26	of	of	ADP
gujaf-78	45	27	capital	capital	NOUN
gujaf-78	45	28	mix	mix	NOUN
gujaf-78	45	29	of	of	ADP
gujaf-78	45	30	companies	company	NOUN
gujaf-78	45	31	.	.	PUNCT
gujaf-78	46	1	the	the	DET
gujaf-78	46	2	outcome	outcome	NOUN
gujaf-78	46	3	of	of	ADP
gujaf-78	46	4	the	the	DET
gujaf-78	46	5	study	study	NOUN
gujaf-78	46	6	will	will	AUX
gujaf-78	46	7	equip	equip	VERB
gujaf-78	46	8	nigeria	nigeria	PROPN
gujaf-78	46	9	listed	list	VERB
gujaf-78	46	10	manufacturing	manufacturing	NOUN
gujaf-78	46	11	companies	company	NOUN
gujaf-78	46	12	with	with	ADP
gujaf-78	46	13	useful	useful	ADJ
gujaf-78	46	14	information	information	NOUN
gujaf-78	46	15	that	that	PRON
gujaf-78	46	16	will	will	AUX
gujaf-78	46	17	assist	assist	VERB
gujaf-78	46	18	in	in	ADP
gujaf-78	46	19	making	make	VERB
gujaf-78	46	20	financing	financing	NOUN
gujaf-78	46	21	decisions	decision	NOUN
gujaf-78	46	22	.	.	PUNCT
gujaf-78	47	1	the	the	DET
gujaf-78	47	2	existing	exist	VERB
gujaf-78	47	3	and	and	CCONJ
gujaf-78	47	4	potential	potential	ADJ
gujaf-78	47	5	investors	investor	NOUN
gujaf-78	47	6	will	will	AUX
gujaf-78	47	7	also	also	ADV
gujaf-78	47	8	find	find	VERB
gujaf-78	47	9	it	it	PRON
gujaf-78	47	10	useful	useful	ADJ
gujaf-78	47	11	as	as	SCONJ
gujaf-78	47	12	it	it	PRON
gujaf-78	47	13	will	will	AUX
gujaf-78	47	14	help	help	VERB
gujaf-78	47	15	them	they	PRON
gujaf-78	47	16	to	to	PART
gujaf-78	47	17	take	take	VERB
gujaf-78	47	18	right	right	ADJ
gujaf-78	47	19	action	action	NOUN
gujaf-78	47	20	in	in	ADP
gujaf-78	47	21	respect	respect	NOUN
gujaf-78	47	22	to	to	ADP
gujaf-78	47	23	investment	investment	NOUN
gujaf-78	47	24	decision	decision	NOUN
gujaf-78	47	25	.	.	PUNCT
gujaf-78	48	1	2	2	X
gujaf-78	48	2	.	.	X
gujaf-78	48	3	literature	literature	NOUN
gujaf-78	48	4	review	review	VERB
gujaf-78	48	5	this	this	DET
gujaf-78	48	6	section	section	NOUN
gujaf-78	48	7	examines	examine	VERB
gujaf-78	48	8	the	the	DET
gujaf-78	48	9	prior	prior	ADJ
gujaf-78	48	10	studies	study	NOUN
gujaf-78	48	11	on	on	ADP
gujaf-78	48	12	the	the	DET
gujaf-78	48	13	ownership	ownership	NOUN
gujaf-78	48	14	structure	structure	NOUN
gujaf-78	48	15	and	and	CCONJ
gujaf-78	48	16	financial	financial	ADJ
gujaf-78	48	17	performance	performance	NOUN
gujaf-78	48	18	on	on	ADP
gujaf-78	48	19	listed	list	VERB
gujaf-78	48	20	manufacturing	manufacturing	NOUN
gujaf-78	48	21	companies	company	NOUN
gujaf-78	48	22	.	.	PUNCT
gujaf-78	49	1	adamu	adamu	PROPN
gujaf-78	49	2	,	,	PUNCT
gujaf-78	49	3	ishak	ishak	PROPN
gujaf-78	49	4	,	,	PUNCT
gujaf-78	49	5	&	&	CCONJ
gujaf-78	49	6	chandren	chandren	PROPN
gujaf-78	49	7	,	,	PUNCT
gujaf-78	49	8	(	(	PUNCT
gujaf-78	49	9	2017	2017	NUM
gujaf-78	49	10	)	)	PUNCT
gujaf-78	49	11	examined	examine	VERB
gujaf-78	49	12	how	how	SCONJ
gujaf-78	49	13	the	the	DET
gujaf-78	49	14	ownership	ownership	NOUN
gujaf-78	49	15	structure	structure	NOUN
gujaf-78	49	16	of	of	ADP
gujaf-78	49	17	companies	company	NOUN
gujaf-78	49	18	listed	list	VERB
gujaf-78	49	19	on	on	ADP
gujaf-78	49	20	the	the	DET
gujaf-78	49	21	ghana	ghana	PROPN
gujaf-78	49	22	stock	stock	PROPN
gujaf-78	49	23	exchange	exchange	PROPN
gujaf-78	49	24	affects	affect	VERB
gujaf-78	49	25	their	their	PRON
gujaf-78	49	26	performance	performance	NOUN
gujaf-78	49	27	.	.	PUNCT
gujaf-78	50	1	product	product	NOUN
gujaf-78	50	2	moment	moment	NOUN
gujaf-78	50	3	correlation	correlation	NOUN
gujaf-78	50	4	and	and	CCONJ
gujaf-78	50	5	pearson	pearson	PROPN
gujaf-78	50	6	logistics	logistic	NOUN
gujaf-78	50	7	regression	regression	NOUN
gujaf-78	50	8	were	be	AUX
gujaf-78	50	9	used	use	VERB
gujaf-78	50	10	to	to	PART
gujaf-78	50	11	analyze	analyze	VERB
gujaf-78	50	12	performance	performance	NOUN
gujaf-78	50	13	indicators	indicator	NOUN
gujaf-78	50	14	such	such	ADJ
gujaf-78	50	15	as	as	ADP
gujaf-78	50	16	return	return	NOUN
gujaf-78	50	17	on	on	ADP
gujaf-78	50	18	assets	asset	NOUN
gujaf-78	50	19	(	(	PUNCT
gujaf-78	50	20	roa	roa	NOUN
gujaf-78	50	21	)	)	PUNCT
gujaf-78	50	22	,	,	PUNCT
gujaf-78	50	23	return	return	VERB
gujaf-78	50	24	on	on	ADP
gujaf-78	50	25	equity	equity	NOUN
gujaf-78	50	26	(	(	PUNCT
gujaf-78	50	27	roe	roe	PROPN
gujaf-78	50	28	)	)	PUNCT
gujaf-78	50	29	,	,	PUNCT
gujaf-78	50	30	and	and	CCONJ
gujaf-78	50	31	dividend	dividend	NOUN
gujaf-78	50	32	yield	yield	NOUN
gujaf-78	50	33	(	(	PUNCT
gujaf-78	50	34	dy	dy	NOUN
gujaf-78	50	35	)	)	PUNCT
gujaf-78	50	36	,	,	PUNCT
gujaf-78	50	37	while	while	SCONJ
gujaf-78	50	38	foreign	foreign	ADJ
gujaf-78	50	39	ownership	ownership	NOUN
gujaf-78	50	40	,	,	PUNCT
gujaf-78	50	41	institutional	institutional	ADJ
gujaf-78	50	42	ownership	ownership	NOUN
gujaf-78	50	43	,	,	PUNCT
gujaf-78	50	44	and	and	CCONJ
gujaf-78	50	45	concentration	concentration	NOUN
gujaf-78	50	46	of	of	ADP
gujaf-78	50	47	ownership	ownership	NOUN
gujaf-78	50	48	were	be	AUX
gujaf-78	50	49	used	use	VERB
gujaf-78	50	50	to	to	PART
gujaf-78	50	51	determine	determine	VERB
gujaf-78	50	52	ownership	ownership	NOUN
gujaf-78	50	53	structure	structure	NOUN
gujaf-78	50	54	.	.	PUNCT
gujaf-78	51	1	they	they	PRON
gujaf-78	51	2	investigated	investigate	VERB
gujaf-78	51	3	the	the	DET
gujaf-78	51	4	effect	effect	NOUN
gujaf-78	51	5	of	of	ADP
gujaf-78	51	6	ownership	ownership	NOUN
gujaf-78	51	7	structure	structure	NOUN
gujaf-78	51	8	on	on	ADP
gujaf-78	51	9	the	the	DET
gujaf-78	51	10	performance	performance	NOUN
gujaf-78	51	11	of	of	ADP
gujaf-78	51	12	ghanaian	ghanaian	ADJ
gujaf-78	51	13	companies	company	NOUN
gujaf-78	51	14	listed	list	VERB
gujaf-78	51	15	on	on	ADP
gujaf-78	51	16	the	the	DET
gujaf-78	51	17	stock	stock	NOUN
gujaf-78	51	18	exchange	exchange	NOUN
gujaf-78	51	19	.	.	PUNCT
gujaf-78	52	1	performance	performance	NOUN
gujaf-78	52	2	indicators	indicator	NOUN
gujaf-78	52	3	such	such	ADJ
gujaf-78	52	4	as	as	ADP
gujaf-78	52	5	return	return	NOUN
gujaf-78	52	6	on	on	ADP
gujaf-78	52	7	asset	asset	NOUN
gujaf-78	52	8	(	(	PUNCT
gujaf-78	52	9	roa	roa	PROPN
gujaf-78	52	10	)	)	PUNCT
gujaf-78	52	11	,	,	PUNCT
gujaf-78	52	12	return	return	VERB
gujaf-78	52	13	on	on	ADP
gujaf-78	52	14	equity	equity	NOUN
gujaf-78	52	15	(	(	PUNCT
gujaf-78	52	16	roe	roe	PROPN
gujaf-78	52	17	)	)	PUNCT
gujaf-78	52	18	,	,	PUNCT
gujaf-78	52	19	and	and	CCONJ
gujaf-78	52	20	dividend	dividend	NOUN
gujaf-78	52	21	yield	yield	NOUN
gujaf-78	52	22	(	(	PUNCT
gujaf-78	52	23	dy	dy	X
gujaf-78	52	24	)	)	PUNCT
gujaf-78	52	25	were	be	AUX
gujaf-78	52	26	analyzed	analyze	VERB
gujaf-78	52	27	using	use	VERB
gujaf-78	52	28	pearson	pearson	PROPN
gujaf-78	52	29	's	's	PART
gujaf-78	52	30	product	product	NOUN
gujaf-78	52	31	moment	moment	NOUN
gujaf-78	52	32	correlation	correlation	NOUN
gujaf-78	52	33	and	and	CCONJ
gujaf-78	52	34	logistic	logistic	ADJ
gujaf-78	52	35	regression	regression	NOUN
gujaf-78	52	36	,	,	PUNCT
gujaf-78	52	37	while	while	SCONJ
gujaf-78	52	38	ownership	ownership	NOUN
gujaf-78	52	39	structure	structure	NOUN
gujaf-78	52	40	was	be	AUX
gujaf-78	52	41	determined	determine	VERB
gujaf-78	52	42	using	use	VERB
gujaf-78	52	43	foreign	foreign	ADJ
gujaf-78	52	44	ownership	ownership	NOUN
gujaf-78	52	45	,	,	PUNCT
gujaf-78	52	46	institutional	institutional	ADJ
gujaf-78	52	47	ownership	ownership	NOUN
gujaf-78	52	48	,	,	PUNCT
gujaf-78	52	49	and	and	CCONJ
gujaf-78	52	50	ownership	ownership	NOUN
gujaf-78	52	51	concentration	concentration	NOUN
gujaf-78	52	52	.	.	PUNCT
gujaf-78	53	1	the	the	DET
gujaf-78	53	2	ownership	ownership	NOUN
gujaf-78	53	3	concentration	concentration	NOUN
gujaf-78	53	4	is	be	AUX
gujaf-78	53	5	negatively	negatively	ADV
gujaf-78	53	6	correlated	correlate	VERB
gujaf-78	53	7	with	with	ADP
gujaf-78	53	8	firm	firm	ADJ
gujaf-78	53	9	performance	performance	NOUN
gujaf-78	53	10	,	,	PUNCT
gujaf-78	53	11	whereas	whereas	SCONJ
gujaf-78	53	12	managerial	managerial	ADJ
gujaf-78	53	13	and	and	CCONJ
gujaf-78	53	14	institutional	institutional	ADJ
gujaf-78	53	15	ownership	ownership	NOUN
gujaf-78	53	16	are	be	AUX
gujaf-78	53	17	positively	positively	ADV
gujaf-78	53	18	correlated	correlate	VERB
gujaf-78	53	19	with	with	ADP
gujaf-78	53	20	the	the	DET
gujaf-78	53	21	performance	performance	NOUN
gujaf-78	53	22	of	of	ADP
gujaf-78	53	23	listed	list	VERB
gujaf-78	53	24	manufacturing	manufacturing	NOUN
gujaf-78	53	25	companies	company	NOUN
gujaf-78	53	26	on	on	ADP
gujaf-78	53	27	the	the	DET
gujaf-78	53	28	ghana	ghana	PROPN
gujaf-78	53	29	stock	stock	PROPN
gujaf-78	53	30	exchange	exchange	PROPN
gujaf-78	53	31	.	.	PUNCT
gujaf-78	54	1	maina	maina	PROPN
gujaf-78	54	2	&	&	CCONJ
gujaf-78	54	3	ishmail	ishmail	PROPN
gujaf-78	54	4	,	,	PUNCT
gujaf-78	54	5	(	(	PUNCT
gujaf-78	54	6	2014	2014	NUM
gujaf-78	54	7	)	)	PUNCT
gujaf-78	54	8	studied	study	VERB
gujaf-78	54	9	the	the	DET
gujaf-78	54	10	impact	impact	NOUN
gujaf-78	54	11	of	of	ADP
gujaf-78	54	12	ownership	ownership	NOUN
gujaf-78	54	13	structure	structure	NOUN
gujaf-78	54	14	on	on	ADP
gujaf-78	54	15	the	the	DET
gujaf-78	54	16	financial	financial	ADJ
gujaf-78	54	17	performance	performance	NOUN
gujaf-78	54	18	of	of	ADP
gujaf-78	54	19	nairobi	nairobi	PROPN
gujaf-78	54	20	stock	stock	PROPN
gujaf-78	54	21	exchange	exchange	PROPN
gujaf-78	54	22	companies	company	NOUN
gujaf-78	54	23	,	,	PUNCT
gujaf-78	54	24	using	use	VERB
gujaf-78	54	25	regression	regression	NOUN
gujaf-78	54	26	analysis	analysis	NOUN
gujaf-78	54	27	and	and	CCONJ
gujaf-78	54	28	correlation	correlation	NOUN
gujaf-78	54	29	methods	method	NOUN
gujaf-78	54	30	,	,	PUNCT
gujaf-78	54	31	the	the	DET
gujaf-78	54	32	researchers	researcher	NOUN
gujaf-78	54	33	discovered	discover	VERB
gujaf-78	54	34	a	a	DET
gujaf-78	54	35	link	link	NOUN
gujaf-78	54	36	between	between	ADP
gujaf-78	54	37	ownership	ownership	NOUN
gujaf-78	54	38	structure	structure	NOUN
gujaf-78	54	39	and	and	CCONJ
gujaf-78	54	40	company	company	NOUN
gujaf-78	54	41	performance	performance	NOUN
gujaf-78	54	42	in	in	ADP
gujaf-78	54	43	a	a	DET
gujaf-78	54	44	sample	sample	NOUN
gujaf-78	54	45	of	of	ADP
gujaf-78	54	46	62	62	NUM
gujaf-78	54	47	publicly	publicly	ADV
gujaf-78	54	48	traded	trade	VERB
gujaf-78	54	49	companies	company	NOUN
gujaf-78	54	50	from	from	ADP
gujaf-78	54	51	2009	2009	NUM
gujaf-78	54	52	to	to	ADP
gujaf-78	54	53	2013	2013	NUM
gujaf-78	54	54	.	.	PUNCT
gujaf-78	55	1	the	the	DET
gujaf-78	55	2	findings	finding	NOUN
gujaf-78	55	3	revealed	reveal	VERB
gujaf-78	55	4	that	that	SCONJ
gujaf-78	55	5	while	while	SCONJ
gujaf-78	55	6	managerial	managerial	ADJ
gujaf-78	55	7	ownership	ownership	NOUN
gujaf-78	55	8	has	have	VERB
gujaf-78	55	9	a	a	DET
gujaf-78	55	10	positive	positive	ADJ
gujaf-78	55	11	relationship	relationship	NOUN
gujaf-78	55	12	with	with	ADP
gujaf-78	55	13	firm	firm	ADJ
gujaf-78	55	14	financial	financial	ADJ
gujaf-78	55	15	performance	performance	NOUN
gujaf-78	55	16	,	,	PUNCT
gujaf-78	55	17	ownership	ownership	NOUN
gujaf-78	55	18	concentration	concentration	NOUN
gujaf-78	55	19	does	do	VERB
gujaf-78	55	20	not	not	PART
gujaf-78	55	21	.	.	PUNCT
gujaf-78	56	1	furthermore	furthermore	ADV
gujaf-78	56	2	,	,	PUNCT
gujaf-78	56	3	fabian	fabian	PROPN
gujaf-78	56	4	,	,	PUNCT
gujaf-78	56	5	james	james	PROPN
gujaf-78	56	6	,	,	PUNCT
gujaf-78	56	7	and	and	CCONJ
gujaf-78	56	8	moshi	moshi	PROPN
gujaf-78	56	9	,	,	PUNCT
gujaf-78	56	10	(	(	PUNCT
gujaf-78	56	11	2014	2014	NUM
gujaf-78	56	12	)	)	PUNCT
gujaf-78	56	13	investigated	investigate	VERB
gujaf-78	56	14	the	the	DET
gujaf-78	56	15	effects	effect	NOUN
gujaf-78	56	16	of	of	ADP
gujaf-78	56	17	ownership	ownership	NOUN
gujaf-78	56	18	structure	structure	NOUN
gujaf-78	56	19	on	on	ADP
gujaf-78	56	20	financial	financial	ADJ
gujaf-78	56	21	institution	institution	NOUN
gujaf-78	56	22	performance	performance	NOUN
gujaf-78	56	23	from	from	ADP
gujaf-78	56	24	2008	2008	NUM
gujaf-78	56	25	to	to	ADP
gujaf-78	56	26	2012	2012	NUM
gujaf-78	56	27	using	use	VERB
gujaf-78	56	28	financial	financial	ADJ
gujaf-78	56	29	institutions	institution	NOUN
gujaf-78	56	30	listed	list	VERB
gujaf-78	56	31	on	on	ADP
gujaf-78	56	32	the	the	DET
gujaf-78	56	33	ghana	ghana	PROPN
gujaf-78	56	34	stock	stock	PROPN
gujaf-78	56	35	exchange	exchange	PROPN
gujaf-78	56	36	.	.	PUNCT
gujaf-78	57	1	the	the	DET
gujaf-78	57	2	findings	finding	NOUN
gujaf-78	57	3	revealed	reveal	VERB
gujaf-78	57	4	a	a	DET
gujaf-78	57	5	significant	significant	ADJ
gujaf-78	57	6	negative	negative	ADJ
gujaf-78	57	7	relationship	relationship	NOUN
gujaf-78	57	8	between	between	ADP
gujaf-78	57	9	managerial	managerial	ADJ
gujaf-78	57	10	ownership	ownership	NOUN
gujaf-78	57	11	and	and	CCONJ
gujaf-78	57	12	ownership	ownership	NOUN
gujaf-78	57	13	concentration	concentration	NOUN
gujaf-78	57	14	and	and	CCONJ
gujaf-78	57	15	firm	firm	ADJ
gujaf-78	57	16	performance	performance	NOUN
gujaf-78	57	17	(	(	PUNCT
gujaf-78	57	18	roa	roa	NOUN
gujaf-78	57	19	)	)	PUNCT
gujaf-78	57	20	,	,	PUNCT
gujaf-78	57	21	while	while	SCONJ
gujaf-78	57	22	managerial	managerial	ADJ
gujaf-78	57	23	ownership	ownership	NOUN
gujaf-78	57	24	and	and	CCONJ
gujaf-78	57	25	ownership	ownership	NOUN
gujaf-78	57	26	concentration	concentration	NOUN
gujaf-78	57	27	have	have	VERB
gujaf-78	57	28	a	a	DET
gujaf-78	57	29	positive	positive	ADJ
gujaf-78	57	30	effect	effect	NOUN
gujaf-78	57	31	on	on	ADP
gujaf-78	57	32	firm	firm	ADJ
gujaf-78	57	33	performance	performance	NOUN
gujaf-78	57	34	(	(	PUNCT
gujaf-78	57	35	roe	roe	NOUN
gujaf-78	57	36	and	and	CCONJ
gujaf-78	57	37	roa	roa	PROPN
gujaf-78	57	38	)	)	PUNCT
gujaf-78	57	39	.	.	PUNCT
gujaf-78	58	1	delong	delong	PROPN
gujaf-78	58	2	,	,	PUNCT
gujaf-78	58	3	(	(	PUNCT
gujaf-78	58	4	2019	2019	NUM
gujaf-78	58	5	)	)	PUNCT
gujaf-78	58	6	,	,	PUNCT
gujaf-78	58	7	investigate	investigate	VERB
gujaf-78	58	8	the	the	DET
gujaf-78	58	9	impact	impact	NOUN
gujaf-78	58	10	of	of	ADP
gujaf-78	58	11	ownership	ownership	NOUN
gujaf-78	58	12	structure	structure	NOUN
gujaf-78	58	13	on	on	ADP
gujaf-78	58	14	the	the	DET
gujaf-78	58	15	performance	performance	NOUN
gujaf-78	58	16	of	of	ADP
gujaf-78	58	17	sri	sri	PROPN
gujaf-78	58	18	lankan	lankan	PROPN
gujaf-78	58	19	publicly	publicly	ADV
gujaf-78	58	20	traded	trade	VERB
gujaf-78	58	21	manufacturing	manufacturing	NOUN
gujaf-78	58	22	firms	firm	NOUN
gujaf-78	58	23	.	.	PUNCT
gujaf-78	59	1	the	the	DET
gujaf-78	59	2	research	research	NOUN
gujaf-78	59	3	study	study	NOUN
gujaf-78	59	4	used	use	VERB
gujaf-78	59	5	a	a	DET
gujaf-78	59	6	sample	sample	NOUN
gujaf-78	59	7	of	of	ADP
gujaf-78	59	8	20	20	NUM
gujaf-78	59	9	companies	company	NOUN
gujaf-78	59	10	to	to	PART
gujaf-78	59	11	analyze	analyze	VERB
gujaf-78	59	12	the	the	DET
gujaf-78	59	13	data	datum	NOUN
gujaf-78	59	14	,	,	PUNCT
gujaf-78	59	15	which	which	PRON
gujaf-78	59	16	was	be	AUX
gujaf-78	59	17	done	do	VERB
gujaf-78	59	18	using	use	VERB
gujaf-78	59	19	correlation	correlation	NOUN
gujaf-78	59	20	analysis	analysis	NOUN
gujaf-78	59	21	.	.	PUNCT
gujaf-78	60	1	in	in	ADP
gujaf-78	60	2	nigeria	nigeria	PROPN
gujaf-78	60	3	,	,	PUNCT
gujaf-78	60	4	very	very	ADV
gujaf-78	60	5	few	few	ADJ
gujaf-78	60	6	researches	research	NOUN
gujaf-78	60	7	have	have	AUX
gujaf-78	60	8	been	be	AUX
gujaf-78	60	9	done	do	VERB
gujaf-78	60	10	on	on	ADP
gujaf-78	60	11	ownership	ownership	NOUN
gujaf-78	60	12	structure	structure	NOUN
gujaf-78	60	13	.	.	PUNCT
gujaf-78	61	1	benjamin	benjamin	PROPN
gujaf-78	61	2	,	,	PUNCT
gujaf-78	61	3	love	love	PROPN
gujaf-78	61	4	&	&	CCONJ
gujaf-78	61	5	kabiru	kabiru	PROPN
gujaf-78	61	6	,	,	PUNCT
gujaf-78	61	7	(	(	PUNCT
gujaf-78	61	8	2014	2014	NUM
gujaf-78	61	9	)	)	PUNCT
gujaf-78	61	10	,	,	PUNCT
gujaf-78	61	11	the	the	DET
gujaf-78	61	12	impact	impact	NOUN
gujaf-78	61	13	of	of	ADP
gujaf-78	61	14	ownership	ownership	NOUN
gujaf-78	61	15	structure	structure	NOUN
gujaf-78	61	16	on	on	ADP
gujaf-78	61	17	the	the	DET
gujaf-78	61	18	financial	financial	ADJ
gujaf-78	61	19	performance	performance	NOUN
gujaf-78	61	20	of	of	ADP
gujaf-78	61	21	nigeria	nigeria	PROPN
gujaf-78	61	22	's	's	PART
gujaf-78	61	23	listed	list	VERB
gujaf-78	61	24	insurance	insurance	NOUN
gujaf-78	61	25	companies	company	NOUN
gujaf-78	61	26	was	be	AUX
gujaf-78	61	27	investigated	investigate	VERB
gujaf-78	61	28	.	.	PUNCT
gujaf-78	62	1	using	use	VERB
gujaf-78	62	2	the	the	DET
gujaf-78	62	3	least	least	ADJ
gujaf-78	62	4	squares	square	NOUN
gujaf-78	62	5	method	method	NOUN
gujaf-78	62	6	,	,	PUNCT
gujaf-78	62	7	for	for	ADP
gujaf-78	62	8	seventeen	seventeen	NUM
gujaf-78	62	9	(	(	PUNCT
gujaf-78	62	10	17	17	NUM
gujaf-78	62	11	)	)	PUNCT
gujaf-78	62	12	companies	company	NOUN
gujaf-78	62	13	for	for	ADP
gujaf-78	62	14	the	the	DET
gujaf-78	62	15	period	period	NOUN
gujaf-78	62	16	2001	2001	NUM
gujaf-78	62	17	-	-	SYM
gujaf-78	62	18	2010	2010	NUM
gujaf-78	62	19	.	.	PUNCT
gujaf-78	63	1	the	the	DET
gujaf-78	63	2	research	research	NOUN
gujaf-78	63	3	focuses	focus	VERB
gujaf-78	63	4	on	on	ADP
gujaf-78	63	5	two	two	NUM
gujaf-78	63	6	aspects	aspect	NOUN
gujaf-78	63	7	of	of	ADP
gujaf-78	63	8	two	two	NUM
gujaf-78	63	9	independent	independent	ADJ
gujaf-78	63	10	variables	variable	NOUN
gujaf-78	63	11	used	use	VERB
gujaf-78	63	12	to	to	PART
gujaf-78	63	13	measure	measure	VERB
gujaf-78	63	14	ownership	ownership	NOUN
gujaf-78	63	15	structure	structure	NOUN
gujaf-78	63	16	:	:	PUNCT
gujaf-78	63	17	management	management	NOUN
gujaf-78	63	18	ownership	ownership	NOUN
gujaf-78	63	19	and	and	CCONJ
gujaf-78	63	20	institutional	institutional	ADJ
gujaf-78	63	21	participation	participation	NOUN
gujaf-78	63	22	,	,	PUNCT
gujaf-78	63	23	with	with	ADP
gujaf-78	63	24	the	the	DET
gujaf-78	63	25	company	company	NOUN
gujaf-78	63	26	's	's	PART
gujaf-78	63	27	performance	performance	NOUN
gujaf-78	63	28	measured	measure	VERB
gujaf-78	63	29	in	in	ADP
gujaf-78	63	30	terms	term	NOUN
gujaf-78	63	31	of	of	ADP
gujaf-78	63	32	return	return	NOUN
gujaf-78	63	33	on	on	ADP
gujaf-78	63	34	asset	asset	NOUN
gujaf-78	63	35	(	(	PUNCT
gujaf-78	63	36	roa	roa	PROPN
gujaf-78	63	37	)	)	PUNCT
gujaf-78	63	38	and	and	CCONJ
gujaf-78	63	39	return	return	VERB
gujaf-78	63	40	on	on	ADP
gujaf-78	63	41	equity	equity	NOUN
gujaf-78	63	42	(	(	PUNCT
gujaf-78	63	43	roe	roe	PROPN
gujaf-78	63	44	)	)	PUNCT
gujaf-78	63	45	(	(	PUNCT
gujaf-78	63	46	roe	roe	NOUN
gujaf-78	63	47	)	)	PUNCT
gujaf-78	63	48	.	.	PUNCT
gujaf-78	64	1	according	accord	VERB
gujaf-78	64	2	to	to	ADP
gujaf-78	64	3	the	the	DET
gujaf-78	64	4	findings	finding	NOUN
gujaf-78	64	5	,	,	PUNCT
gujaf-78	64	6	there	there	PRON
gujaf-78	64	7	is	be	VERB
gujaf-78	64	8	a	a	DET
gujaf-78	64	9	positive	positive	ADJ
gujaf-78	64	10	relationship	relationship	NOUN
gujaf-78	64	11	gusau	gusau	ADJ
gujaf-78	64	12	journal	journal	NOUN
gujaf-78	64	13	of	of	ADP
gujaf-78	64	14	accounting	accounting	NOUN
gujaf-78	64	15	and	and	CCONJ
gujaf-78	64	16	finance	finance	NOUN
gujaf-78	64	17	,	,	PUNCT
gujaf-78	64	18	vol	vol	NOUN
gujaf-78	64	19	.	.	PROPN
gujaf-78	64	20	2	2	NUM
gujaf-78	64	21	,	,	PUNCT
gujaf-78	64	22	issue	issue	NOUN
gujaf-78	64	23	3	3	NUM
gujaf-78	64	24	,	,	PUNCT
gujaf-78	64	25	april	april	PROPN
gujaf-78	64	26	,	,	PUNCT
gujaf-78	64	27	2021	2021	NUM
gujaf-78	64	28	5	5	NUM
gujaf-78	64	29	between	between	ADP
gujaf-78	64	30	the	the	DET
gujaf-78	64	31	ownership	ownership	NOUN
gujaf-78	64	32	structure	structure	NOUN
gujaf-78	64	33	and	and	CCONJ
gujaf-78	64	34	the	the	DET
gujaf-78	64	35	organization	organization	NOUN
gujaf-78	64	36	's	's	PART
gujaf-78	64	37	financial	financial	ADJ
gujaf-78	64	38	performance	performance	NOUN
gujaf-78	64	39	as	as	SCONJ
gujaf-78	64	40	measured	measure	VERB
gujaf-78	64	41	by	by	ADP
gujaf-78	64	42	roa	roa	PROPN
gujaf-78	64	43	and	and	CCONJ
gujaf-78	64	44	roe	roe	PROPN
gujaf-78	64	45	many	many	ADJ
gujaf-78	64	46	scholars	scholar	NOUN
gujaf-78	64	47	have	have	AUX
gujaf-78	64	48	attempted	attempt	VERB
gujaf-78	64	49	to	to	PART
gujaf-78	64	50	determine	determine	VERB
gujaf-78	64	51	the	the	DET
gujaf-78	64	52	link	link	NOUN
gujaf-78	64	53	between	between	ADP
gujaf-78	64	54	firms	firm	NOUN
gujaf-78	64	55	financial	financial	ADJ
gujaf-78	64	56	performance	performance	NOUN
gujaf-78	64	57	and	and	CCONJ
gujaf-78	64	58	managerial	managerial	ADJ
gujaf-78	64	59	ownership	ownership	NOUN
gujaf-78	64	60	jaffar	jaffar	PROPN
gujaf-78	64	61	,	,	PUNCT
gujaf-78	64	62	(	(	PUNCT
gujaf-78	64	63	2019	2019	NUM
gujaf-78	64	64	)	)	PUNCT
gujaf-78	64	65	,	,	PUNCT
gujaf-78	64	66	investigated	investigate	VERB
gujaf-78	64	67	the	the	DET
gujaf-78	64	68	relationship	relationship	NOUN
gujaf-78	64	69	between	between	ADP
gujaf-78	64	70	ownership	ownership	NOUN
gujaf-78	64	71	structure	structure	NOUN
gujaf-78	64	72	on	on	ADP
gujaf-78	64	73	the	the	DET
gujaf-78	64	74	evolution	evolution	NOUN
gujaf-78	64	75	of	of	ADP
gujaf-78	64	76	company	company	NOUN
gujaf-78	64	77	's	's	PART
gujaf-78	64	78	financial	financial	ADJ
gujaf-78	64	79	performance	performance	NOUN
gujaf-78	64	80	.	.	PUNCT
gujaf-78	65	1	he	he	PRON
gujaf-78	65	2	looked	look	VERB
gujaf-78	65	3	into	into	ADP
gujaf-78	65	4	the	the	DET
gujaf-78	65	5	operational	operational	ADJ
gujaf-78	65	6	performance	performance	NOUN
gujaf-78	65	7	of	of	ADP
gujaf-78	65	8	133	133	NUM
gujaf-78	65	9	companies	company	NOUN
gujaf-78	65	10	that	that	PRON
gujaf-78	65	11	went	go	VERB
gujaf-78	65	12	public	public	ADJ
gujaf-78	65	13	after	after	ADP
gujaf-78	65	14	their	their	PRON
gujaf-78	65	15	initial	initial	ADJ
gujaf-78	65	16	public	public	ADJ
gujaf-78	65	17	offerings	offering	NOUN
gujaf-78	65	18	(	(	PUNCT
gujaf-78	65	19	ipos	ipos	NOUN
gujaf-78	65	20	)	)	PUNCT
gujaf-78	65	21	in	in	ADP
gujaf-78	65	22	thailand	thailand	PROPN
gujaf-78	65	23	.	.	PUNCT
gujaf-78	66	1	their	their	PRON
gujaf-78	66	2	findings	finding	NOUN
gujaf-78	66	3	revealed	reveal	VERB
gujaf-78	66	4	that	that	SCONJ
gujaf-78	66	5	managerial	managerial	ADJ
gujaf-78	66	6	ownership	ownership	NOUN
gujaf-78	66	7	with	with	ADP
gujaf-78	66	8	low	low	ADJ
gujaf-78	66	9	supervisory	supervisory	ADJ
gujaf-78	66	10	policy	policy	NOUN
gujaf-78	66	11	will	will	AUX
gujaf-78	66	12	show	show	VERB
gujaf-78	66	13	an	an	DET
gujaf-78	66	14	abysmal	abysmal	ADJ
gujaf-78	66	15	financial	financial	ADJ
gujaf-78	66	16	performance	performance	NOUN
gujaf-78	66	17	.	.	PUNCT
gujaf-78	67	1	elder	elder	NOUN
gujaf-78	67	2	(	(	PUNCT
gujaf-78	67	3	2019	2019	NUM
gujaf-78	67	4	)	)	PUNCT
gujaf-78	67	5	submit	submit	VERB
gujaf-78	67	6	that	that	SCONJ
gujaf-78	67	7	,	,	PUNCT
gujaf-78	67	8	exogenous	exogenous	ADJ
gujaf-78	67	9	factors	factor	NOUN
gujaf-78	67	10	such	such	ADJ
gujaf-78	67	11	as	as	ADP
gujaf-78	67	12	government	government	NOUN
gujaf-78	67	13	policies	policy	NOUN
gujaf-78	67	14	unrelated	unrelated	ADJ
gujaf-78	67	15	to	to	ADP
gujaf-78	67	16	incentive	incentive	NOUN
gujaf-78	67	17	contracts	contract	NOUN
gujaf-78	67	18	,	,	PUNCT
gujaf-78	67	19	largely	largely	ADV
gujaf-78	67	20	determined	determine	VERB
gujaf-78	67	21	the	the	DET
gujaf-78	67	22	ownership	ownership	NOUN
gujaf-78	67	23	structure	structure	NOUN
gujaf-78	67	24	.	.	PUNCT
gujaf-78	68	1	they	they	PRON
gujaf-78	68	2	discovered	discover	VERB
gujaf-78	68	3	that	that	SCONJ
gujaf-78	68	4	companies	company	NOUN
gujaf-78	68	5	with	with	ADP
gujaf-78	68	6	a	a	DET
gujaf-78	68	7	large	large	ADJ
gujaf-78	68	8	management	management	NOUN
gujaf-78	68	9	stake	stake	NOUN
gujaf-78	68	10	outperformed	outperform	VERB
gujaf-78	68	11	those	those	PRON
gujaf-78	68	12	whose	whose	DET
gujaf-78	68	13	executives	executive	NOUN
gujaf-78	68	14	did	do	AUX
gujaf-78	68	15	not	not	PART
gujaf-78	68	16	own	own	VERB
gujaf-78	68	17	shares	share	NOUN
gujaf-78	68	18	in	in	ADP
gujaf-78	68	19	matched	match	VERB
gujaf-78	68	20	sample	sample	NOUN
gujaf-78	68	21	comparisons	comparison	NOUN
gujaf-78	68	22	.	.	PUNCT
gujaf-78	69	1	their	their	PRON
gujaf-78	69	2	findings	finding	NOUN
gujaf-78	69	3	show	show	VERB
gujaf-78	69	4	that	that	SCONJ
gujaf-78	69	5	managerial	managerial	ADJ
gujaf-78	69	6	ownership	ownership	NOUN
gujaf-78	69	7	shows	show	VERB
gujaf-78	69	8	a	a	DET
gujaf-78	69	9	strong	strong	ADJ
gujaf-78	69	10	and	and	CCONJ
gujaf-78	69	11	consistent	consistent	ADJ
gujaf-78	69	12	impact	impact	NOUN
gujaf-78	69	13	on	on	ADP
gujaf-78	69	14	the	the	DET
gujaf-78	69	15	company	company	NOUN
gujaf-78	69	16	's	's	PART
gujaf-78	69	17	financial	financial	ADJ
gujaf-78	69	18	position	position	NOUN
gujaf-78	69	19	.	.	PUNCT
gujaf-78	70	1	unlike	unlike	ADP
gujaf-78	70	2	previous	previous	ADJ
gujaf-78	70	3	studies	study	NOUN
gujaf-78	70	4	,	,	PUNCT
gujaf-78	70	5	their	their	PRON
gujaf-78	70	6	findings	finding	NOUN
gujaf-78	70	7	were	be	AUX
gujaf-78	70	8	unlikely	unlikely	ADJ
gujaf-78	70	9	to	to	PART
gujaf-78	70	10	suffer	suffer	VERB
gujaf-78	70	11	from	from	ADP
gujaf-78	70	12	an	an	DET
gujaf-78	70	13	endogeneity	endogeneity	NOUN
gujaf-78	70	14	problem	problem	NOUN
gujaf-78	70	15	,	,	PUNCT
gujaf-78	70	16	which	which	PRON
gujaf-78	70	17	can	can	AUX
gujaf-78	70	18	be	be	AUX
gujaf-78	70	19	difficult	difficult	ADJ
gujaf-78	70	20	to	to	PART
gujaf-78	70	21	resolve	resolve	VERB
gujaf-78	70	22	when	when	SCONJ
gujaf-78	70	23	using	use	VERB
gujaf-78	70	24	public	public	ADJ
gujaf-78	70	25	listed	list	VERB
gujaf-78	70	26	company	company	NOUN
gujaf-78	70	27	.	.	PUNCT
gujaf-78	71	1	several	several	ADJ
gujaf-78	71	2	studies	study	NOUN
gujaf-78	71	3	have	have	AUX
gujaf-78	71	4	been	be	AUX
gujaf-78	71	5	conducted	conduct	VERB
gujaf-78	71	6	in	in	ADP
gujaf-78	71	7	both	both	CCONJ
gujaf-78	71	8	developed	develop	VERB
gujaf-78	71	9	and	and	CCONJ
gujaf-78	71	10	under	under	ADP
gujaf-78	71	11	developing	develop	VERB
gujaf-78	71	12	countries	country	NOUN
gujaf-78	71	13	.	.	PUNCT
gujaf-78	72	1	this	this	PRON
gujaf-78	72	2	includes	include	VERB
gujaf-78	72	3	hafez	hafez	NOUN
gujaf-78	72	4	,	,	PUNCT
gujaf-78	72	5	(	(	PUNCT
gujaf-78	72	6	2017	2017	NUM
gujaf-78	72	7	)	)	PUNCT
gujaf-78	72	8	,	,	PUNCT
gujaf-78	72	9	who	who	PRON
gujaf-78	72	10	looked	look	VERB
gujaf-78	72	11	at	at	ADP
gujaf-78	72	12	the	the	DET
gujaf-78	72	13	differences	difference	NOUN
gujaf-78	72	14	between	between	ADP
gujaf-78	72	15	family	family	NOUN
gujaf-78	72	16	-	-	PUNCT
gujaf-78	72	17	run	run	NOUN
gujaf-78	72	18	businesses	business	NOUN
gujaf-78	72	19	,	,	PUNCT
gujaf-78	72	20	businesses	business	NOUN
gujaf-78	72	21	controlled	control	VERB
gujaf-78	72	22	by	by	ADP
gujaf-78	72	23	individuals	individual	NOUN
gujaf-78	72	24	through	through	ADP
gujaf-78	72	25	partnerships	partnership	NOUN
gujaf-78	72	26	,	,	PUNCT
gujaf-78	72	27	businesses	business	NOUN
gujaf-78	72	28	controlled	control	VERB
gujaf-78	72	29	by	by	ADP
gujaf-78	72	30	businesses	business	NOUN
gujaf-78	72	31	,	,	PUNCT
gujaf-78	72	32	and	and	CCONJ
gujaf-78	72	33	businesses	business	NOUN
gujaf-78	72	34	with	with	ADP
gujaf-78	72	35	less	less	ADJ
gujaf-78	72	36	than	than	ADP
gujaf-78	72	37	50	50	NUM
gujaf-78	72	38	%	%	NOUN
gujaf-78	72	39	ownership	ownership	NOUN
gujaf-78	72	40	by	by	ADP
gujaf-78	72	41	block	block	NOUN
gujaf-78	72	42	owners	owner	NOUN
gujaf-78	72	43	.	.	PUNCT
gujaf-78	73	1	the	the	DET
gujaf-78	73	2	work	work	NOUN
gujaf-78	73	3	was	be	AUX
gujaf-78	73	4	analyzed	analyze	VERB
gujaf-78	73	5	using	use	VERB
gujaf-78	73	6	samples	sample	NOUN
gujaf-78	73	7	from	from	ADP
gujaf-78	73	8	280	280	NUM
gujaf-78	73	9	israeli	israeli	ADJ
gujaf-78	73	10	companies	company	NOUN
gujaf-78	73	11	and	and	CCONJ
gujaf-78	73	12	the	the	DET
gujaf-78	73	13	data	data	NOUN
gujaf-78	73	14	-	-	PUNCT
gujaf-78	73	15	jacketing	jacket	VERB
gujaf-78	73	16	analysis	analysis	NOUN
gujaf-78	73	17	technique	technique	NOUN
gujaf-78	73	18	.	.	PUNCT
gujaf-78	74	1	manager	manager	NOUN
gujaf-78	74	2	/	/	SYM
gujaf-78	74	3	companies	company	NOUN
gujaf-78	74	4	are	be	AUX
gujaf-78	74	5	less	less	ADV
gujaf-78	74	6	efficient	efficient	ADJ
gujaf-78	74	7	at	at	ADP
gujaf-78	74	8	generating	generate	VERB
gujaf-78	74	9	income	income	NOUN
gujaf-78	74	10	than	than	ADP
gujaf-78	74	11	companies	company	NOUN
gujaf-78	74	12	run	run	VERB
gujaf-78	74	13	by	by	ADP
gujaf-78	74	14	nonowner	nonown	ADJ
gujaf-78	74	15	/	/	SYM
gujaf-78	74	16	manager	manager	NOUN
gujaf-78	74	17	,	,	PUNCT
gujaf-78	74	18	according	accord	VERB
gujaf-78	74	19	to	to	ADP
gujaf-78	74	20	their	their	PRON
gujaf-78	74	21	findings	finding	NOUN
gujaf-78	74	22	,	,	PUNCT
gujaf-78	74	23	businesses	business	NOUN
gujaf-78	74	24	run	run	VERB
gujaf-78	74	25	by	by	ADP
gujaf-78	74	26	family	family	NOUN
gujaf-78	74	27	relative	relative	ADJ
gujaf-78	74	28	/	/	SYM
gujaf-78	74	29	owners	owner	NOUN
gujaf-78	74	30	perform	perform	VERB
gujaf-78	74	31	the	the	DET
gujaf-78	74	32	worst	bad	ADJ
gujaf-78	74	33	.	.	PUNCT
gujaf-78	75	1	in	in	ADP
gujaf-78	75	2	encouraging	encourage	VERB
gujaf-78	75	3	solid	solid	ADJ
gujaf-78	75	4	financial	financial	ADJ
gujaf-78	75	5	performance	performance	NOUN
gujaf-78	75	6	,	,	PUNCT
gujaf-78	75	7	they	they	PRON
gujaf-78	75	8	recommended	recommend	VERB
gujaf-78	75	9	that	that	SCONJ
gujaf-78	75	10	modern	modern	ADJ
gujaf-78	75	11	forms	form	NOUN
gujaf-78	75	12	of	of	ADP
gujaf-78	75	13	business	business	NOUN
gujaf-78	75	14	organization	organization	NOUN
gujaf-78	75	15	open	open	ADJ
gujaf-78	75	16	businesses	business	NOUN
gujaf-78	75	17	with	with	ADP
gujaf-78	75	18	dispersed	disperse	VERB
gujaf-78	75	19	owners	owner	NOUN
gujaf-78	75	20	and	and	CCONJ
gujaf-78	75	21	non	non	ADJ
gujaf-78	75	22	-	-	ADJ
gujaf-78	75	23	owner	owner	ADJ
gujaf-78	75	24	managers	manager	NOUN
gujaf-78	75	25	.	.	PUNCT
gujaf-78	76	1	kerim	kerim	PROPN
gujaf-78	76	2	&	&	CCONJ
gujaf-78	76	3	alaji	alaji	PROPN
gujaf-78	76	4	,	,	PUNCT
gujaf-78	76	5	(	(	PUNCT
gujaf-78	76	6	2019	2019	NUM
gujaf-78	76	7	)	)	PUNCT
gujaf-78	76	8	investigated	investigate	VERB
gujaf-78	76	9	the	the	DET
gujaf-78	76	10	nexus	nexus	NOUN
gujaf-78	76	11	between	between	ADP
gujaf-78	76	12	the	the	DET
gujaf-78	76	13	ownership	ownership	NOUN
gujaf-78	76	14	structure	structure	NOUN
gujaf-78	76	15	of	of	ADP
gujaf-78	76	16	nigerian	nigerian	ADJ
gujaf-78	76	17	companies	company	NOUN
gujaf-78	76	18	and	and	CCONJ
gujaf-78	76	19	firms	firm	NOUN
gujaf-78	76	20	financial	financial	ADJ
gujaf-78	76	21	performance	performance	NOUN
gujaf-78	76	22	.	.	PUNCT
gujaf-78	77	1	the	the	DET
gujaf-78	77	2	survey	survey	NOUN
gujaf-78	77	3	period	period	NOUN
gujaf-78	77	4	is	be	AUX
gujaf-78	77	5	from	from	ADP
gujaf-78	77	6	2012	2012	NUM
gujaf-78	77	7	to	to	ADP
gujaf-78	77	8	2018	2018	NUM
gujaf-78	77	9	and	and	CCONJ
gujaf-78	77	10	consists	consist	VERB
gujaf-78	77	11	of	of	ADP
gujaf-78	77	12	87	87	NUM
gujaf-78	77	13	companies	company	NOUN
gujaf-78	77	14	.	.	PUNCT
gujaf-78	78	1	we	we	PRON
gujaf-78	78	2	used	use	VERB
gujaf-78	78	3	five	five	NUM
gujaf-78	78	4	specific	specific	ADJ
gujaf-78	78	5	survey	survey	NOUN
gujaf-78	78	6	questions	question	NOUN
gujaf-78	78	7	to	to	PART
gujaf-78	78	8	investigate	investigate	VERB
gujaf-78	78	9	the	the	DET
gujaf-78	78	10	voting	voting	NOUN
gujaf-78	78	11	share	share	NOUN
gujaf-78	78	12	and	and	CCONJ
gujaf-78	78	13	financial	financial	ADJ
gujaf-78	78	14	performance	performance	NOUN
gujaf-78	78	15	of	of	ADP
gujaf-78	78	16	the	the	DET
gujaf-78	78	17	controlling	control	VERB
gujaf-78	78	18	owner	owner	NOUN
gujaf-78	78	19	/	/	SYM
gujaf-78	78	20	owner	owner	NOUN
gujaf-78	78	21	,	,	PUNCT
gujaf-78	78	22	and	and	CCONJ
gujaf-78	78	23	the	the	DET
gujaf-78	78	24	relationship	relationship	NOUN
gujaf-78	78	25	between	between	ADP
gujaf-78	78	26	voting	vote	VERB
gujaf-78	78	27	discrimination	discrimination	NOUN
gujaf-78	78	28	and	and	CCONJ
gujaf-78	78	29	financial	financial	ADJ
gujaf-78	78	30	performance	performance	NOUN
gujaf-78	78	31	.	.	PUNCT
gujaf-78	79	1	their	their	PRON
gujaf-78	79	2	findings	finding	NOUN
gujaf-78	79	3	show	show	VERB
gujaf-78	79	4	that	that	SCONJ
gujaf-78	79	5	companies	company	NOUN
gujaf-78	79	6	with	with	ADP
gujaf-78	79	7	diversified	diversified	ADJ
gujaf-78	79	8	ownership	ownership	NOUN
gujaf-78	79	9	structures	structure	NOUN
gujaf-78	79	10	,	,	PUNCT
gujaf-78	79	11	the	the	DET
gujaf-78	79	12	largest	large	ADJ
gujaf-78	79	13	owners	owner	NOUN
gujaf-78	79	14	with	with	ADP
gujaf-78	79	15	less	less	ADJ
gujaf-78	79	16	than	than	ADP
gujaf-78	79	17	20	20	NUM
gujaf-78	79	18	%	%	NOUN
gujaf-78	79	19	of	of	ADP
gujaf-78	79	20	total	total	ADJ
gujaf-78	79	21	votes	vote	NOUN
gujaf-78	79	22	,	,	PUNCT
gujaf-78	79	23	are	be	AUX
gujaf-78	79	24	associated	associate	VERB
gujaf-78	79	25	with	with	ADP
gujaf-78	79	26	poor	poor	ADJ
gujaf-78	79	27	financial	financial	ADJ
gujaf-78	79	28	performance	performance	NOUN
gujaf-78	79	29	.	.	PUNCT
gujaf-78	80	1	institutional	institutional	ADJ
gujaf-78	80	2	investors	investor	NOUN
gujaf-78	80	3	are	be	AUX
gujaf-78	80	4	a	a	DET
gujaf-78	80	5	key	key	ADJ
gujaf-78	80	6	stakeholder	stakeholder	NOUN
gujaf-78	80	7	in	in	ADP
gujaf-78	80	8	day	day	NOUN
gujaf-78	80	9	-	-	PUNCT
gujaf-78	80	10	to	to	ADP
gujaf-78	80	11	-	-	PUNCT
gujaf-78	80	12	day	day	NOUN
gujaf-78	80	13	running	running	NOUN
gujaf-78	80	14	of	of	ADP
gujaf-78	80	15	financial	financial	ADJ
gujaf-78	80	16	market	market	NOUN
gujaf-78	80	17	,	,	PUNCT
gujaf-78	80	18	and	and	CCONJ
gujaf-78	80	19	they	they	PRON
gujaf-78	80	20	control	control	VERB
gujaf-78	80	21	the	the	DET
gujaf-78	80	22	force	force	NOUN
gujaf-78	80	23	in	in	ADP
gujaf-78	80	24	the	the	DET
gujaf-78	80	25	stock	stock	NOUN
gujaf-78	80	26	market	market	NOUN
gujaf-78	80	27	.	.	PUNCT
gujaf-78	81	1	they	they	PRON
gujaf-78	81	2	play	play	VERB
gujaf-78	81	3	a	a	DET
gujaf-78	81	4	significant	significant	ADJ
gujaf-78	81	5	role	role	NOUN
gujaf-78	81	6	not	not	PART
gujaf-78	81	7	only	only	ADV
gujaf-78	81	8	in	in	ADP
gujaf-78	81	9	developed	develop	VERB
gujaf-78	81	10	markets	market	NOUN
gujaf-78	81	11	but	but	CCONJ
gujaf-78	81	12	also	also	ADV
gujaf-78	81	13	in	in	ADP
gujaf-78	81	14	emerging	emerge	VERB
gujaf-78	81	15	markets	market	NOUN
gujaf-78	81	16	around	around	ADP
gujaf-78	81	17	the	the	DET
gujaf-78	81	18	world	world	NOUN
gujaf-78	81	19	.	.	PUNCT
gujaf-78	82	1	similarly	similarly	ADV
gujaf-78	82	2	,	,	PUNCT
gujaf-78	82	3	in	in	ADP
gujaf-78	82	4	the	the	DET
gujaf-78	82	5	united	united	PROPN
gujaf-78	82	6	states	states	PROPN
gujaf-78	82	7	,	,	PUNCT
gujaf-78	82	8	these	these	DET
gujaf-78	82	9	institutions	institution	NOUN
gujaf-78	82	10	held	hold	VERB
gujaf-78	82	11	around	around	ADV
gujaf-78	82	12	5	5	NUM
gujaf-78	82	13	%	%	NOUN
gujaf-78	82	14	of	of	ADP
gujaf-78	82	15	total	total	ADJ
gujaf-78	82	16	shares	share	NOUN
gujaf-78	82	17	of	of	ADP
gujaf-78	82	18	listed	list	VERB
gujaf-78	82	19	companies	company	NOUN
gujaf-78	82	20	in	in	ADP
gujaf-78	82	21	1945	1945	NUM
gujaf-78	82	22	,	,	PUNCT
gujaf-78	82	23	8	8	NUM
gujaf-78	82	24	%	%	NOUN
gujaf-78	82	25	in	in	ADP
gujaf-78	82	26	1950	1950	NUM
gujaf-78	82	27	,	,	PUNCT
gujaf-78	82	28	33	33	NUM
gujaf-78	82	29	%	%	NOUN
gujaf-78	82	30	in	in	ADP
gujaf-78	82	31	1980	1980	NUM
gujaf-78	82	32	,	,	PUNCT
gujaf-78	82	33	45	45	NUM
gujaf-78	82	34	percent	percent	NOUN
gujaf-78	82	35	in	in	ADP
gujaf-78	82	36	1990	1990	NUM
gujaf-78	82	37	,	,	PUNCT
gujaf-78	82	38	60	60	NUM
gujaf-78	82	39	%	%	NOUN
gujaf-78	82	40	in	in	ADP
gujaf-78	82	41	2003	2003	NUM
gujaf-78	82	42	,	,	PUNCT
gujaf-78	82	43	and	and	CCONJ
gujaf-78	82	44	67	67	NUM
gujaf-78	82	45	percent	percent	NOUN
gujaf-78	82	46	in	in	ADP
gujaf-78	82	47	2010	2010	NUM
gujaf-78	82	48	,	,	PUNCT
gujaf-78	82	49	with	with	ADP
gujaf-78	82	50	their	their	PRON
gujaf-78	82	51	shareholding	shareholding	NOUN
gujaf-78	82	52	steadily	steadily	ADV
gujaf-78	82	53	increasing	increase	VERB
gujaf-78	82	54	(	(	PUNCT
gujaf-78	82	55	kerim	kerim	PROPN
gujaf-78	82	56	&	&	CCONJ
gujaf-78	82	57	alaji	alaji	PROPN
gujaf-78	82	58	,	,	PUNCT
gujaf-78	82	59	2019	2019	NUM
gujaf-78	82	60	)	)	PUNCT
gujaf-78	82	61	.	.	PUNCT
gujaf-78	83	1	however	however	ADV
gujaf-78	83	2	,	,	PUNCT
gujaf-78	83	3	as	as	SCONJ
gujaf-78	83	4	their	their	PRON
gujaf-78	83	5	equity	equity	NOUN
gujaf-78	83	6	ownership	ownership	NOUN
gujaf-78	83	7	has	have	AUX
gujaf-78	83	8	grown	grow	VERB
gujaf-78	83	9	,	,	PUNCT
gujaf-78	83	10	they	they	PRON
gujaf-78	83	11	have	have	AUX
gujaf-78	83	12	gained	gain	VERB
gujaf-78	83	13	more	more	ADJ
gujaf-78	83	14	power	power	NOUN
gujaf-78	83	15	to	to	PART
gujaf-78	83	16	speak	speak	VERB
gujaf-78	83	17	up	up	ADP
gujaf-78	83	18	when	when	SCONJ
gujaf-78	83	19	they	they	PRON
gujaf-78	83	20	disagree	disagree	VERB
gujaf-78	83	21	with	with	ADP
gujaf-78	83	22	management	management	NOUN
gujaf-78	83	23	,	,	PUNCT
gujaf-78	83	24	and	and	CCONJ
gujaf-78	83	25	as	as	ADP
gujaf-78	83	26	a	a	DET
gujaf-78	83	27	result	result	NOUN
gujaf-78	83	28	,	,	PUNCT
gujaf-78	83	29	the	the	DET
gujaf-78	83	30	institutional	institutional	ADJ
gujaf-78	83	31	owners	owner	NOUN
gujaf-78	83	32	participate	participate	VERB
gujaf-78	83	33	more	more	ADV
gujaf-78	83	34	in	in	ADP
gujaf-78	83	35	corporate	corporate	ADJ
gujaf-78	83	36	decision	decision	NOUN
gujaf-78	83	37	-	-	PUNCT
gujaf-78	83	38	making	making	NOUN
gujaf-78	83	39	through	through	ADP
gujaf-78	83	40	the	the	DET
gujaf-78	83	41	voting	voting	NOUN
gujaf-78	83	42	rights	right	NOUN
gujaf-78	83	43	at	at	ADP
gujaf-78	83	44	company	company	NOUN
gujaf-78	83	45	general	general	ADJ
gujaf-78	83	46	meetings	meeting	NOUN
gujaf-78	83	47	,	,	PUNCT
gujaf-78	83	48	and	and	CCONJ
gujaf-78	83	49	they	they	PRON
gujaf-78	83	50	are	be	AUX
gujaf-78	83	51	attempting	attempt	VERB
gujaf-78	83	52	to	to	PART
gujaf-78	83	53	control	control	VERB
gujaf-78	83	54	the	the	DET
gujaf-78	83	55	firm	firm	NOUN
gujaf-78	83	56	's	's	PART
gujaf-78	83	57	.	.	PUNCT
gujaf-78	84	1	these	these	DET
gujaf-78	84	2	institutional	institutional	ADJ
gujaf-78	84	3	investors	investor	NOUN
gujaf-78	84	4	monitor	monitor	VERB
gujaf-78	84	5	the	the	DET
gujaf-78	84	6	financial	financial	ADJ
gujaf-78	84	7	cash	cash	NOUN
gujaf-78	84	8	-	-	PUNCT
gujaf-78	84	9	flow	flow	NOUN
gujaf-78	84	10	of	of	ADP
gujaf-78	84	11	the	the	DET
gujaf-78	84	12	organization	organization	NOUN
gujaf-78	84	13	to	to	PART
gujaf-78	84	14	,	,	PUNCT
gujaf-78	84	15	improve	improve	VERB
gujaf-78	84	16	the	the	DET
gujaf-78	84	17	firm	firm	ADJ
gujaf-78	84	18	financial	financial	ADJ
gujaf-78	84	19	performance	performance	NOUN
gujaf-78	84	20	.	.	PUNCT
gujaf-78	85	1	institutional	institutional	ADJ
gujaf-78	85	2	shareholding	shareholding	NOUN
gujaf-78	85	3	has	have	AUX
gujaf-78	85	4	continued	continue	VERB
gujaf-78	85	5	to	to	PART
gujaf-78	85	6	dominate	dominate	VERB
gujaf-78	85	7	the	the	DET
gujaf-78	85	8	capital	capital	NOUN
gujaf-78	85	9	market	market	NOUN
gujaf-78	85	10	.	.	PUNCT
gujaf-78	86	1	the	the	DET
gujaf-78	86	2	effects	effect	NOUN
gujaf-78	86	3	of	of	ADP
gujaf-78	86	4	institutional	institutional	ADJ
gujaf-78	86	5	share	share	NOUN
gujaf-78	86	6	ownership	ownership	NOUN
gujaf-78	86	7	and	and	CCONJ
gujaf-78	86	8	accounting	accounting	NOUN
gujaf-78	86	9	issues	issue	NOUN
gujaf-78	86	10	are	be	AUX
gujaf-78	86	11	rarely	rarely	ADV
gujaf-78	86	12	studied	study	VERB
gujaf-78	86	13	empirically	empirically	ADV
gujaf-78	86	14	.	.	PUNCT
gujaf-78	87	1	the	the	DET
gujaf-78	87	2	presence	presence	NOUN
gujaf-78	87	3	of	of	ADP
gujaf-78	87	4	institutional	institutional	ADJ
gujaf-78	87	5	investors	investor	NOUN
gujaf-78	87	6	should	should	AUX
gujaf-78	87	7	improve	improve	VERB
gujaf-78	87	8	the	the	DET
gujaf-78	87	9	company	company	NOUN
gujaf-78	87	10	's	's	PART
gujaf-78	87	11	financial	financial	ADJ
gujaf-78	87	12	performance	performance	NOUN
gujaf-78	87	13	.	.	PUNCT
gujaf-78	88	1	firm	firm	ADJ
gujaf-78	88	2	financial	financial	ADJ
gujaf-78	88	3	performance	performance	NOUN
gujaf-78	88	4	should	should	AUX
gujaf-78	88	5	improve	improve	VERB
gujaf-78	88	6	as	as	SCONJ
gujaf-78	88	7	institutional	institutional	ADJ
gujaf-78	88	8	investors	investor	NOUN
gujaf-78	88	9	gain	gain	VERB
gujaf-78	88	10	more	more	ADJ
gujaf-78	88	11	expertise	expertise	NOUN
gujaf-78	88	12	,	,	PUNCT
gujaf-78	88	13	resources	resource	NOUN
gujaf-78	88	14	,	,	PUNCT
gujaf-78	88	15	and	and	CCONJ
gujaf-78	88	16	ability	ability	NOUN
gujaf-78	88	17	gusau	gusau	ADJ
gujaf-78	88	18	journal	journal	NOUN
gujaf-78	88	19	of	of	ADP
gujaf-78	88	20	accounting	accounting	NOUN
gujaf-78	88	21	and	and	CCONJ
gujaf-78	88	22	finance	finance	NOUN
gujaf-78	88	23	,	,	PUNCT
gujaf-78	88	24	vol	vol	NOUN
gujaf-78	88	25	.	.	PROPN
gujaf-78	88	26	2	2	NUM
gujaf-78	88	27	,	,	PUNCT
gujaf-78	88	28	issue	issue	NOUN
gujaf-78	88	29	3	3	NUM
gujaf-78	88	30	,	,	PUNCT
gujaf-78	88	31	april	april	PROPN
gujaf-78	88	32	,	,	PUNCT
gujaf-78	88	33	2021	2021	NUM
gujaf-78	88	34	6	6	NUM
gujaf-78	88	35	to	to	PART
gujaf-78	88	36	control	control	VERB
gujaf-78	88	37	and	and	CCONJ
gujaf-78	88	38	monitor	monitor	VERB
gujaf-78	88	39	management	management	NOUN
gujaf-78	88	40	.	.	PUNCT
gujaf-78	89	1	institutional	institutional	ADJ
gujaf-78	89	2	owners	owner	NOUN
gujaf-78	89	3	try	try	VERB
gujaf-78	89	4	to	to	PART
gujaf-78	89	5	prevent	prevent	VERB
gujaf-78	89	6	management	management	NOUN
gujaf-78	89	7	from	from	ADP
gujaf-78	89	8	hiding	hide	VERB
gujaf-78	89	9	corporate	corporate	ADJ
gujaf-78	89	10	resources	resource	NOUN
gujaf-78	89	11	and	and	CCONJ
gujaf-78	89	12	opportunistically	opportunistically	ADV
gujaf-78	89	13	manipulating	manipulate	VERB
gujaf-78	89	14	earnings	earning	NOUN
gujaf-78	89	15	because	because	SCONJ
gujaf-78	89	16	corporate	corporate	ADJ
gujaf-78	89	17	performance	performance	NOUN
gujaf-78	89	18	is	be	AUX
gujaf-78	89	19	linked	link	VERB
gujaf-78	89	20	to	to	ADP
gujaf-78	89	21	institutional	institutional	ADJ
gujaf-78	89	22	ownership	ownership	NOUN
gujaf-78	89	23	(	(	PUNCT
gujaf-78	89	24	chechet	chechet	NOUN
gujaf-78	89	25	,	,	PUNCT
gujaf-78	89	26	2014	2014	NUM
gujaf-78	89	27	)	)	PUNCT
gujaf-78	89	28	.	.	PUNCT
gujaf-78	90	1	nawi	nawi	PROPN
gujaf-78	90	2	,	,	PUNCT
gujaf-78	90	3	(	(	PUNCT
gujaf-78	90	4	2018	2018	NUM
gujaf-78	90	5	)	)	PUNCT
gujaf-78	90	6	examined	examine	VERB
gujaf-78	90	7	the	the	DET
gujaf-78	90	8	impact	impact	NOUN
gujaf-78	90	9	of	of	ADP
gujaf-78	90	10	managerial	managerial	ADJ
gujaf-78	90	11	shareholder	shareholder	NOUN
gujaf-78	90	12	ownership	ownership	NOUN
gujaf-78	90	13	concentration	concentration	NOUN
gujaf-78	90	14	on	on	ADP
gujaf-78	90	15	american	american	ADJ
gujaf-78	90	16	companies	company	NOUN
gujaf-78	90	17	'	'	PART
gujaf-78	90	18	financial	financial	ADJ
gujaf-78	90	19	performance	performance	NOUN
gujaf-78	90	20	.	.	PUNCT
gujaf-78	91	1	to	to	PART
gujaf-78	91	2	assess	assess	VERB
gujaf-78	91	3	firm	firm	NOUN
gujaf-78	91	4	’s	’s	PART
gujaf-78	91	5	operations	operation	NOUN
gujaf-78	91	6	,	,	PUNCT
gujaf-78	91	7	a	a	DET
gujaf-78	91	8	tree	tree	NOUN
gujaf-78	91	9	-	-	PUNCT
gujaf-78	91	10	factor	factor	NOUN
gujaf-78	91	11	model	model	NOUN
gujaf-78	91	12	was	be	AUX
gujaf-78	91	13	used	use	VERB
gujaf-78	91	14	,	,	PUNCT
gujaf-78	91	15	with	with	SCONJ
gujaf-78	91	16	the	the	DET
gujaf-78	91	17	performance	performance	NOUN
gujaf-78	91	18	index	index	NOUN
gujaf-78	91	19	to	to	PART
gujaf-78	91	20	determine	determine	VERB
gujaf-78	91	21	the	the	DET
gujaf-78	91	22	labor	labor	NOUN
gujaf-78	91	23	resources	resource	NOUN
gujaf-78	91	24	and	and	CCONJ
gujaf-78	91	25	investment	investment	NOUN
gujaf-78	91	26	.	.	PUNCT
gujaf-78	92	1	they	they	PRON
gujaf-78	92	2	discovered	discover	VERB
gujaf-78	92	3	that	that	SCONJ
gujaf-78	92	4	ownership	ownership	NOUN
gujaf-78	92	5	concentration	concentration	NOUN
gujaf-78	92	6	of	of	ADP
gujaf-78	92	7	an	an	DET
gujaf-78	92	8	organization	organization	NOUN
gujaf-78	92	9	had	have	VERB
gujaf-78	92	10	no	no	DET
gujaf-78	92	11	impact	impact	NOUN
gujaf-78	92	12	on	on	ADP
gujaf-78	92	13	american	american	ADJ
gujaf-78	92	14	businesses	business	NOUN
gujaf-78	92	15	'	'	PART
gujaf-78	92	16	financial	financial	ADJ
gujaf-78	92	17	cash	cash	NOUN
gujaf-78	92	18	flow	flow	NOUN
gujaf-78	92	19	.	.	PUNCT
gujaf-78	93	1	kakanda	kakanda	NOUN
gujaf-78	93	2	,	,	PUNCT
gujaf-78	93	3	bello	bello	PROPN
gujaf-78	93	4	,	,	PUNCT
gujaf-78	93	5	&	&	CCONJ
gujaf-78	93	6	abba	abba	PROPN
gujaf-78	93	7	,	,	PUNCT
gujaf-78	93	8	(	(	PUNCT
gujaf-78	93	9	2016	2016	NUM
gujaf-78	93	10	)	)	PUNCT
gujaf-78	93	11	opined	opine	VERB
gujaf-78	93	12	that	that	SCONJ
gujaf-78	93	13	there	there	PRON
gujaf-78	93	14	are	be	VERB
gujaf-78	93	15	different	different	ADJ
gujaf-78	93	16	measure	measure	NOUN
gujaf-78	93	17	to	to	ADP
gujaf-78	93	18	financial	financial	ADJ
gujaf-78	93	19	performance	performance	NOUN
gujaf-78	93	20	of	of	ADP
gujaf-78	93	21	an	an	DET
gujaf-78	93	22	organizations	organization	NOUN
gujaf-78	93	23	such	such	ADJ
gujaf-78	93	24	as	as	ADP
gujaf-78	93	25	,	,	PUNCT
gujaf-78	93	26	shareholders	shareholder	NOUN
gujaf-78	93	27	who	who	PRON
gujaf-78	93	28	are	be	AUX
gujaf-78	93	29	concerned	concern	VERB
gujaf-78	93	30	with	with	ADP
gujaf-78	93	31	profitability	profitability	NOUN
gujaf-78	93	32	and	and	CCONJ
gujaf-78	93	33	managers	manager	NOUN
gujaf-78	93	34	who	who	PRON
gujaf-78	93	35	are	be	AUX
gujaf-78	93	36	concerned	concern	VERB
gujaf-78	93	37	with	with	ADP
gujaf-78	93	38	the	the	DET
gujaf-78	93	39	company	company	NOUN
gujaf-78	93	40	's	's	PART
gujaf-78	93	41	growth	growth	NOUN
gujaf-78	93	42	.	.	PUNCT
gujaf-78	94	1	both	both	DET
gujaf-78	94	2	profitability	profitability	NOUN
gujaf-78	94	3	and	and	CCONJ
gujaf-78	94	4	growth	growth	NOUN
gujaf-78	94	5	should	should	AUX
gujaf-78	94	6	be	be	AUX
gujaf-78	94	7	taken	take	VERB
gujaf-78	94	8	into	into	ADP
gujaf-78	94	9	account	account	NOUN
gujaf-78	94	10	when	when	SCONJ
gujaf-78	94	11	evaluating	evaluate	VERB
gujaf-78	94	12	a	a	DET
gujaf-78	94	13	company	company	NOUN
gujaf-78	94	14	's	's	PART
gujaf-78	94	15	performance	performance	NOUN
gujaf-78	94	16	,	,	PUNCT
gujaf-78	94	17	as	as	SCONJ
gujaf-78	94	18	performance	performance	NOUN
gujaf-78	94	19	is	be	AUX
gujaf-78	94	20	seen	see	VERB
gujaf-78	94	21	as	as	ADP
gujaf-78	94	22	the	the	DET
gujaf-78	94	23	most	most	ADV
gujaf-78	94	24	important	important	ADJ
gujaf-78	94	25	factor	factor	NOUN
gujaf-78	94	26	in	in	ADP
gujaf-78	94	27	determining	determine	VERB
gujaf-78	94	28	the	the	DET
gujaf-78	94	29	long	long	ADJ
gujaf-78	94	30	-	-	PUNCT
gujaf-78	94	31	term	term	NOUN
gujaf-78	94	32	viability	viability	NOUN
gujaf-78	94	33	of	of	ADP
gujaf-78	94	34	a	a	DET
gujaf-78	94	35	business	business	NOUN
gujaf-78	94	36	start	start	NOUN
gujaf-78	94	37	-	-	PUNCT
gujaf-78	94	38	up	up	NOUN
gujaf-78	94	39	,	,	PUNCT
gujaf-78	94	40	which	which	PRON
gujaf-78	94	41	is	be	AUX
gujaf-78	94	42	the	the	DET
gujaf-78	94	43	primary	primary	ADJ
gujaf-78	94	44	goal	goal	NOUN
gujaf-78	94	45	for	for	ADP
gujaf-78	94	46	-	-	PUNCT
gujaf-78	94	47	profit	profit	NOUN
gujaf-78	94	48	making	making	NOUN
gujaf-78	94	49	business	business	NOUN
gujaf-78	94	50	.	.	PUNCT
gujaf-78	95	1	the	the	DET
gujaf-78	95	2	efforts	effort	NOUN
gujaf-78	95	3	that	that	PRON
gujaf-78	95	4	have	have	AUX
gujaf-78	95	5	been	be	AUX
gujaf-78	95	6	made	make	VERB
gujaf-78	95	7	to	to	PART
gujaf-78	95	8	efficiently	efficiently	ADV
gujaf-78	95	9	and	and	CCONJ
gujaf-78	95	10	effectively	effectively	ADV
gujaf-78	95	11	achieve	achieve	VERB
gujaf-78	95	12	the	the	DET
gujaf-78	95	13	goals	goal	NOUN
gujaf-78	95	14	are	be	AUX
gujaf-78	95	15	referred	refer	VERB
gujaf-78	95	16	to	to	ADP
gujaf-78	95	17	as	as	ADP
gujaf-78	95	18	performance	performance	NOUN
gujaf-78	95	19	.	.	PUNCT
gujaf-78	96	1	this	this	PRON
gujaf-78	96	2	includes	include	VERB
gujaf-78	96	3	the	the	DET
gujaf-78	96	4	use	use	NOUN
gujaf-78	96	5	of	of	ADP
gujaf-78	96	6	human	human	ADJ
gujaf-78	96	7	capital	capital	NOUN
gujaf-78	96	8	management	management	NOUN
gujaf-78	96	9	,	,	PUNCT
gujaf-78	96	10	and	and	CCONJ
gujaf-78	96	11	natural	natural	ADJ
gujaf-78	96	12	resources	resource	NOUN
gujaf-78	96	13	,	,	PUNCT
gujaf-78	96	14	as	as	ADV
gujaf-78	96	15	well	well	ADV
gujaf-78	96	16	as	as	ADP
gujaf-78	96	17	company	company	NOUN
gujaf-78	96	18	's	's	PART
gujaf-78	96	19	management	management	NOUN
gujaf-78	96	20	's	's	PART
gujaf-78	96	21	quality	quality	NOUN
gujaf-78	96	22	results	result	NOUN
gujaf-78	96	23	,	,	PUNCT
gujaf-78	96	24	as	as	SCONJ
gujaf-78	96	25	managers	manager	NOUN
gujaf-78	96	26	'	'	PART
gujaf-78	96	27	use	use	VERB
gujaf-78	96	28	various	various	ADJ
gujaf-78	96	29	levels	level	NOUN
gujaf-78	96	30	of	of	ADP
gujaf-78	96	31	equity	equity	NOUN
gujaf-78	96	32	and	and	CCONJ
gujaf-78	96	33	debt	debt	NOUN
gujaf-78	96	34	to	to	ADP
gujaf-78	96	35	strategies	strategy	NOUN
gujaf-78	96	36	for	for	ADP
gujaf-78	96	37	an	an	DET
gujaf-78	96	38	improve	improve	ADJ
gujaf-78	96	39	financial	financial	ADJ
gujaf-78	96	40	performance	performance	NOUN
gujaf-78	96	41	(	(	PUNCT
gujaf-78	96	42	gleason	gleason	PROPN
gujaf-78	96	43	,	,	PUNCT
gujaf-78	96	44	mathur	mathur	PROPN
gujaf-78	96	45	,	,	PUNCT
gujaf-78	96	46	&	&	CCONJ
gujaf-78	96	47	mathur	mathur	PROPN
gujaf-78	96	48	,	,	PUNCT
gujaf-78	96	49	2017	2017	NUM
gujaf-78	96	50	)	)	PUNCT
gujaf-78	96	51	.	.	PUNCT
gujaf-78	97	1	performance	performance	NOUN
gujaf-78	97	2	is	be	AUX
gujaf-78	97	3	a	a	DET
gujaf-78	97	4	scientific	scientific	ADJ
gujaf-78	97	5	assessment	assessment	NOUN
gujaf-78	97	6	of	of	ADP
gujaf-78	97	7	firms	firm	NOUN
gujaf-78	97	8	profitability	profitability	NOUN
gujaf-78	97	9	and	and	CCONJ
gujaf-78	97	10	liquidity	liquidity	NOUN
gujaf-78	97	11	strength	strength	NOUN
gujaf-78	97	12	,	,	PUNCT
gujaf-78	97	13	with	with	ADP
gujaf-78	97	14	the	the	DET
gujaf-78	97	15	goal	goal	NOUN
gujaf-78	97	16	of	of	ADP
gujaf-78	97	17	uncovering	uncover	VERB
gujaf-78	97	18	the	the	DET
gujaf-78	97	19	significance	significance	NOUN
gujaf-78	97	20	and	and	CCONJ
gujaf-78	97	21	importance	importance	NOUN
gujaf-78	97	22	of	of	ADP
gujaf-78	97	23	the	the	DET
gujaf-78	97	24	items	item	NOUN
gujaf-78	97	25	included	include	VERB
gujaf-78	97	26	in	in	ADP
gujaf-78	97	27	the	the	DET
gujaf-78	97	28	income	income	NOUN
gujaf-78	97	29	statement	statement	NOUN
gujaf-78	97	30	and	and	CCONJ
gujaf-78	97	31	balance	balance	NOUN
gujaf-78	97	32	sheet	sheet	NOUN
gujaf-78	97	33	that	that	PRON
gujaf-78	97	34	management	management	NOUN
gujaf-78	97	35	uses	use	VERB
gujaf-78	97	36	in	in	ADP
gujaf-78	97	37	establishing	establish	VERB
gujaf-78	97	38	a	a	DET
gujaf-78	97	39	sound	sound	ADJ
gujaf-78	97	40	operation	operation	NOUN
gujaf-78	97	41	and	and	CCONJ
gujaf-78	97	42	supporting	support	VERB
gujaf-78	97	43	financial	financial	ADJ
gujaf-78	97	44	policy	policy	NOUN
gujaf-78	97	45	when	when	SCONJ
gujaf-78	97	46	analyzing	analyze	VERB
gujaf-78	97	47	the	the	DET
gujaf-78	97	48	financial	financial	ADJ
gujaf-78	97	49	statements	statement	NOUN
gujaf-78	97	50	.	.	PUNCT
gujaf-78	98	1	the	the	DET
gujaf-78	98	2	theoretical	theoretical	ADJ
gujaf-78	98	3	explanation	explanation	NOUN
gujaf-78	98	4	for	for	ADP
gujaf-78	98	5	the	the	DET
gujaf-78	98	6	study	study	NOUN
gujaf-78	98	7	is	be	AUX
gujaf-78	98	8	centered	center	VERB
gujaf-78	98	9	on	on	ADP
gujaf-78	98	10	agency	agency	NOUN
gujaf-78	98	11	theory	theory	NOUN
gujaf-78	98	12	.	.	PUNCT
gujaf-78	99	1	the	the	DET
gujaf-78	99	2	theory	theory	NOUN
gujaf-78	99	3	anchores	anchor	VERB
gujaf-78	99	4	the	the	DET
gujaf-78	99	5	interaction	interaction	NOUN
gujaf-78	99	6	between	between	ADP
gujaf-78	99	7	the	the	DET
gujaf-78	99	8	principal	principal	NOUN
gujaf-78	99	9	(	(	PUNCT
gujaf-78	99	10	shareholders	shareholder	NOUN
gujaf-78	99	11	)	)	PUNCT
gujaf-78	99	12	and	and	CCONJ
gujaf-78	99	13	the	the	DET
gujaf-78	99	14	principal	principal	NOUN
gujaf-78	99	15	's	's	PART
gujaf-78	99	16	agent	agent	NOUN
gujaf-78	99	17	(	(	PUNCT
gujaf-78	99	18	company	company	NOUN
gujaf-78	99	19	executives	executive	NOUN
gujaf-78	99	20	)	)	PUNCT
gujaf-78	99	21	.	.	PUNCT
gujaf-78	100	1	this	this	PRON
gujaf-78	100	2	implies	imply	VERB
gujaf-78	100	3	that	that	SCONJ
gujaf-78	100	4	the	the	DET
gujaf-78	100	5	firm	firm	NOUN
gujaf-78	100	6	can	can	AUX
gujaf-78	100	7	be	be	AUX
gujaf-78	100	8	viewed	view	VERB
gujaf-78	100	9	as	as	ADP
gujaf-78	100	10	a	a	DET
gujaf-78	100	11	loosely	loosely	ADV
gujaf-78	100	12	defined	define	VERB
gujaf-78	100	13	nexus	nexus	NOUN
gujaf-78	100	14	of	of	ADP
gujaf-78	100	15	contracts	contract	NOUN
gujaf-78	100	16	between	between	ADP
gujaf-78	100	17	resource	resource	NOUN
gujaf-78	100	18	holders	holder	NOUN
gujaf-78	100	19	.	.	PUNCT
gujaf-78	101	1	when	when	SCONJ
gujaf-78	101	2	one	one	NUM
gujaf-78	101	3	or	or	CCONJ
gujaf-78	101	4	more	more	ADJ
gujaf-78	101	5	individuals	individual	NOUN
gujaf-78	101	6	,	,	PUNCT
gujaf-78	101	7	known	know	VERB
gujaf-78	101	8	as	as	ADP
gujaf-78	101	9	principals	principal	NOUN
gujaf-78	101	10	,	,	PUNCT
gujaf-78	101	11	hire	hire	VERB
gujaf-78	101	12	one	one	NUM
gujaf-78	101	13	or	or	CCONJ
gujaf-78	101	14	more	more	ADJ
gujaf-78	101	15	other	other	ADJ
gujaf-78	101	16	individuals	individual	NOUN
gujaf-78	101	17	,	,	PUNCT
gujaf-78	101	18	known	know	VERB
gujaf-78	101	19	as	as	ADP
gujaf-78	101	20	agents	agent	NOUN
gujaf-78	101	21	,	,	PUNCT
gujaf-78	101	22	to	to	PART
gujaf-78	101	23	perform	perform	VERB
gujaf-78	101	24	a	a	DET
gujaf-78	101	25	service	service	NOUN
gujaf-78	101	26	and	and	CCONJ
gujaf-78	101	27	then	then	ADV
gujaf-78	101	28	delegate	delegate	VERB
gujaf-78	101	29	decision	decision	NOUN
gujaf-78	101	30	-	-	PUNCT
gujaf-78	101	31	making	make	VERB
gujaf-78	101	32	authority	authority	NOUN
gujaf-78	101	33	to	to	ADP
gujaf-78	101	34	the	the	DET
gujaf-78	101	35	agents	agent	NOUN
gujaf-78	101	36	,	,	PUNCT
gujaf-78	101	37	an	an	DET
gujaf-78	101	38	agency	agency	NOUN
gujaf-78	101	39	relationship	relationship	NOUN
gujaf-78	101	40	is	be	AUX
gujaf-78	101	41	formed	form	VERB
gujaf-78	101	42	.	.	PUNCT
gujaf-78	102	1	due	due	ADP
gujaf-78	102	2	to	to	ADP
gujaf-78	102	3	a	a	DET
gujaf-78	102	4	conflict	conflict	NOUN
gujaf-78	102	5	of	of	ADP
gujaf-78	102	6	interest	interest	NOUN
gujaf-78	102	7	,	,	PUNCT
gujaf-78	102	8	the	the	DET
gujaf-78	102	9	use	use	NOUN
gujaf-78	102	10	of	of	ADP
gujaf-78	102	11	debt	debt	NOUN
gujaf-78	102	12	in	in	ADP
gujaf-78	102	13	the	the	DET
gujaf-78	102	14	ownership	ownership	NOUN
gujaf-78	102	15	structure	structure	NOUN
gujaf-78	102	16	can	can	AUX
gujaf-78	102	17	also	also	ADV
gujaf-78	102	18	result	result	VERB
gujaf-78	102	19	in	in	ADP
gujaf-78	102	20	agency	agency	NOUN
gujaf-78	102	21	costs	cost	NOUN
gujaf-78	102	22	.	.	PUNCT
gujaf-78	103	1	conflicts	conflict	NOUN
gujaf-78	103	2	of	of	ADP
gujaf-78	103	3	interest	interest	NOUN
gujaf-78	103	4	can	can	AUX
gujaf-78	103	5	arise	arise	VERB
gujaf-78	103	6	between	between	ADP
gujaf-78	103	7	shareholders	shareholder	NOUN
gujaf-78	103	8	and	and	CCONJ
gujaf-78	103	9	bondholders	bondholder	NOUN
gujaf-78	103	10	(	(	PUNCT
gujaf-78	103	11	agency	agency	NOUN
gujaf-78	103	12	costs	cost	NOUN
gujaf-78	103	13	of	of	ADP
gujaf-78	103	14	debt	debt	NOUN
gujaf-78	103	15	)	)	PUNCT
gujaf-78	103	16	,	,	PUNCT
gujaf-78	103	17	or	or	CCONJ
gujaf-78	103	18	between	between	ADP
gujaf-78	103	19	shareholders	shareholder	NOUN
gujaf-78	103	20	and	and	CCONJ
gujaf-78	103	21	managers	manager	NOUN
gujaf-78	103	22	(	(	PUNCT
gujaf-78	103	23	agency	agency	NOUN
gujaf-78	103	24	costs	cost	NOUN
gujaf-78	103	25	of	of	ADP
gujaf-78	103	26	equity	equity	NOUN
gujaf-78	103	27	)	)	PUNCT
gujaf-78	103	28	,	,	PUNCT
gujaf-78	103	29	(	(	PUNCT
gujaf-78	103	30	jensen	jensen	PROPN
gujaf-78	103	31	&	&	CCONJ
gujaf-78	103	32	&	&	CCONJ
gujaf-78	103	33	meckling	meckling	PROPN
gujaf-78	103	34	,	,	PUNCT
gujaf-78	103	35	1976	1976	NUM
gujaf-78	103	36	)	)	PUNCT
gujaf-78	103	37	.	.	PUNCT
gujaf-78	104	1	jensen	jensen	PROPN
gujaf-78	104	2	&	&	CCONJ
gujaf-78	104	3	&	&	CCONJ
gujaf-78	104	4	meckling	meckling	PROPN
gujaf-78	104	5	,	,	PUNCT
gujaf-78	104	6	(	(	PUNCT
gujaf-78	104	7	1976	1976	NUM
gujaf-78	104	8	)	)	PUNCT
gujaf-78	104	9	proposed	propose	VERB
gujaf-78	104	10	that	that	SCONJ
gujaf-78	104	11	,	,	PUNCT
gujaf-78	104	12	for	for	ADP
gujaf-78	104	13	an	an	DET
gujaf-78	104	14	optimal	optimal	ADJ
gujaf-78	104	15	debt	debt	NOUN
gujaf-78	104	16	level	level	NOUN
gujaf-78	104	17	in	in	ADP
gujaf-78	104	18	ownership	ownership	NOUN
gujaf-78	104	19	structure	structure	NOUN
gujaf-78	104	20	,	,	PUNCT
gujaf-78	104	21	the	the	DET
gujaf-78	104	22	agency	agency	NOUN
gujaf-78	104	23	costs	cost	VERB
gujaf-78	104	24	arising	arise	VERB
gujaf-78	104	25	from	from	ADP
gujaf-78	104	26	managers	manager	NOUN
gujaf-78	104	27	'	'	PART
gujaf-78	104	28	divergent	divergent	ADJ
gujaf-78	104	29	interests	interest	NOUN
gujaf-78	104	30	with	with	ADP
gujaf-78	104	31	shareholders	shareholder	NOUN
gujaf-78	104	32	and	and	CCONJ
gujaf-78	104	33	owners	owner	NOUN
gujaf-78	104	34	should	should	AUX
gujaf-78	104	35	be	be	AUX
gujaf-78	104	36	minimized	minimize	VERB
gujaf-78	104	37	.	.	PUNCT
gujaf-78	105	1	they	they	PRON
gujaf-78	105	2	propose	propose	VERB
gujaf-78	105	3	that	that	SCONJ
gujaf-78	105	4	either	either	CCONJ
gujaf-78	105	5	the	the	DET
gujaf-78	105	6	firm	firm	NOUN
gujaf-78	105	7	's	's	PART
gujaf-78	105	8	ownership	ownership	NOUN
gujaf-78	105	9	or	or	CCONJ
gujaf-78	105	10	the	the	DET
gujaf-78	105	11	number	number	NOUN
gujaf-78	105	12	of	of	ADP
gujaf-78	105	13	managers	manager	NOUN
gujaf-78	105	14	be	be	AUX
gujaf-78	105	15	increased	increase	VERB
gujaf-78	105	16	in	in	ADP
gujaf-78	105	17	order	order	NOUN
gujaf-78	105	18	to	to	PART
gujaf-78	105	19	align	align	VERB
gujaf-78	105	20	managers	manager	NOUN
gujaf-78	105	21	'	'	PART
gujaf-78	105	22	interests	interest	NOUN
gujaf-78	105	23	with	with	ADP
gujaf-78	105	24	those	those	PRON
gujaf-78	105	25	of	of	ADP
gujaf-78	105	26	the	the	DET
gujaf-78	105	27	owners	owner	NOUN
gujaf-78	105	28	,	,	PUNCT
gujaf-78	105	29	or	or	CCONJ
gujaf-78	105	30	that	that	SCONJ
gujaf-78	105	31	the	the	DET
gujaf-78	105	32	use	use	NOUN
gujaf-78	105	33	of	of	ADP
gujaf-78	105	34	debt	debt	NOUN
gujaf-78	105	35	be	be	AUX
gujaf-78	105	36	encouraged	encourage	VERB
gujaf-78	105	37	to	to	PART
gujaf-78	105	38	curb	curb	VERB
gujaf-78	105	39	managers	manager	NOUN
gujaf-78	105	40	'	'	PART
gujaf-78	105	41	proclivity	proclivity	NOUN
gujaf-78	105	42	for	for	ADP
gujaf-78	105	43	excessive	excessive	ADJ
gujaf-78	105	44	extra	extra	ADJ
gujaf-78	105	45	consumption	consumption	NOUN
gujaf-78	105	46	.	.	PUNCT
gujaf-78	106	1	posner	posner	NOUN
gujaf-78	106	2	(	(	PUNCT
gujaf-78	106	3	2009	2009	NUM
gujaf-78	106	4	)	)	PUNCT
gujaf-78	106	5	discusses	discuss	VERB
gujaf-78	106	6	the	the	DET
gujaf-78	106	7	agency	agency	NOUN
gujaf-78	106	8	problem	problem	NOUN
gujaf-78	106	9	in	in	ADP
gujaf-78	106	10	the	the	DET
gujaf-78	106	11	context	context	NOUN
gujaf-78	106	12	of	of	ADP
gujaf-78	106	13	freecash	freecash	NOUN
gujaf-78	106	14	flow	flow	NOUN
gujaf-78	106	15	.	.	PUNCT
gujaf-78	107	1	conceptual	conceptual	ADJ
gujaf-78	107	2	framework	framework	NOUN
gujaf-78	107	3	institutional	institutional	ADJ
gujaf-78	107	4	ownership	ownership	NOUN
gujaf-78	107	5	ownership	ownership	NOUN
gujaf-78	107	6	managerial	managerial	ADJ
gujaf-78	107	7	ownership	ownership	NOUN
gujaf-78	107	8	roa	roa	PROPN
gujaf-78	107	9	gusau	gusau	PROPN
gujaf-78	107	10	journal	journal	PROPN
gujaf-78	107	11	of	of	ADP
gujaf-78	107	12	accounting	accounting	NOUN
gujaf-78	107	13	and	and	CCONJ
gujaf-78	107	14	finance	finance	NOUN
gujaf-78	107	15	,	,	PUNCT
gujaf-78	107	16	vol	vol	NOUN
gujaf-78	107	17	.	.	PROPN
gujaf-78	107	18	2	2	NUM
gujaf-78	107	19	,	,	PUNCT
gujaf-78	107	20	issue	issue	NOUN
gujaf-78	107	21	3	3	NUM
gujaf-78	107	22	,	,	PUNCT
gujaf-78	107	23	april	april	PROPN
gujaf-78	107	24	,	,	PUNCT
gujaf-78	107	25	2021	2021	NUM
gujaf-78	107	26	7	7	NUM
gujaf-78	107	27	figure	figure	NOUN
gujaf-78	107	28	1.2	1.2	NUM
gujaf-78	107	29	3	3	NUM
gujaf-78	107	30	.	.	PUNCT
gujaf-78	107	31	methodology	methodology	NOUN
gujaf-78	107	32	and	and	CCONJ
gujaf-78	107	33	variables	variable	NOUN
gujaf-78	107	34	correlational	correlational	ADJ
gujaf-78	107	35	research	research	NOUN
gujaf-78	107	36	design	design	NOUN
gujaf-78	107	37	was	be	AUX
gujaf-78	107	38	used	use	VERB
gujaf-78	107	39	in	in	ADP
gujaf-78	107	40	this	this	DET
gujaf-78	107	41	study	study	NOUN
gujaf-78	107	42	.	.	PUNCT
gujaf-78	108	1	the	the	DET
gujaf-78	108	2	positivism	positivism	NOUN
gujaf-78	108	3	approach	approach	NOUN
gujaf-78	108	4	,	,	PUNCT
gujaf-78	108	5	which	which	PRON
gujaf-78	108	6	is	be	AUX
gujaf-78	108	7	the	the	DET
gujaf-78	108	8	research	research	NOUN
gujaf-78	108	9	paradigm	paradigm	NOUN
gujaf-78	108	10	,	,	PUNCT
gujaf-78	108	11	informs	inform	VERB
gujaf-78	108	12	the	the	DET
gujaf-78	108	13	design	design	NOUN
gujaf-78	108	14	.	.	PUNCT
gujaf-78	109	1	with	with	ADP
gujaf-78	109	2	a	a	DET
gujaf-78	109	3	sample	sample	NOUN
gujaf-78	109	4	size	size	NOUN
gujaf-78	109	5	of	of	ADP
gujaf-78	109	6	35	35	NUM
gujaf-78	109	7	,	,	PUNCT
gujaf-78	109	8	the	the	DET
gujaf-78	109	9	study	study	NOUN
gujaf-78	109	10	population	population	NOUN
gujaf-78	109	11	consists	consist	VERB
gujaf-78	109	12	of	of	ADP
gujaf-78	109	13	all	all	PRON
gujaf-78	109	14	fifty	fifty	NUM
gujaf-78	109	15	-	-	PUNCT
gujaf-78	109	16	nine	nine	NUM
gujaf-78	109	17	(	(	PUNCT
gujaf-78	109	18	59	59	NUM
gujaf-78	109	19	)	)	PUNCT
gujaf-78	109	20	listed	list	VERB
gujaf-78	109	21	manufacturing	manufacturing	NOUN
gujaf-78	109	22	firms	firm	NOUN
gujaf-78	109	23	on	on	ADP
gujaf-78	109	24	the	the	DET
gujaf-78	109	25	floor	floor	NOUN
gujaf-78	109	26	of	of	ADP
gujaf-78	109	27	the	the	DET
gujaf-78	109	28	nigerian	nigerian	ADJ
gujaf-78	109	29	stock	stock	NOUN
gujaf-78	109	30	exchange	exchange	NOUN
gujaf-78	109	31	as	as	ADP
gujaf-78	109	32	of	of	ADP
gujaf-78	109	33	december	december	PROPN
gujaf-78	109	34	31	31	NUM
gujaf-78	109	35	,	,	PUNCT
gujaf-78	109	36	2019	2019	NUM
gujaf-78	109	37	.	.	PUNCT
gujaf-78	110	1	(	(	PUNCT
gujaf-78	110	2	35	35	NUM
gujaf-78	110	3	)	)	PUNCT
gujaf-78	110	4	.	.	PUNCT
gujaf-78	111	1	the	the	DET
gujaf-78	111	2	methodology	methodology	NOUN
gujaf-78	111	3	for	for	ADP
gujaf-78	111	4	the	the	DET
gujaf-78	111	5	sampling	sampling	NOUN
gujaf-78	111	6	method	method	NOUN
gujaf-78	111	7	is	be	AUX
gujaf-78	111	8	as	as	SCONJ
gujaf-78	111	9	follows	follow	VERB
gujaf-78	111	10	:	:	PUNCT
gujaf-78	111	11	i.	i.	NOUN
gujaf-78	111	12	the	the	DET
gujaf-78	111	13	companies	company	NOUN
gujaf-78	111	14	must	must	AUX
gujaf-78	111	15	have	have	AUX
gujaf-78	111	16	been	be	AUX
gujaf-78	111	17	listed	list	VERB
gujaf-78	111	18	on	on	ADP
gujaf-78	111	19	the	the	DET
gujaf-78	111	20	nigerian	nigerian	ADJ
gujaf-78	111	21	stock	stock	NOUN
gujaf-78	111	22	exchange	exchange	PROPN
gujaf-78	111	23	(	(	PUNCT
gujaf-78	111	24	nse	nse	NOUN
gujaf-78	111	25	)	)	PUNCT
gujaf-78	111	26	for	for	ADP
gujaf-78	111	27	one	one	NUM
gujaf-78	111	28	(	(	PUNCT
gujaf-78	111	29	1	1	NUM
gujaf-78	111	30	)	)	PUNCT
gujaf-78	111	31	year	year	NOUN
gujaf-78	111	32	prior	prior	ADV
gujaf-78	111	33	to	to	ADP
gujaf-78	111	34	2011	2011	NUM
gujaf-78	111	35	.	.	PUNCT
gujaf-78	112	1	ii	ii	PROPN
gujaf-78	112	2	.	.	PUNCT
gujaf-78	112	3	firm	firm	PROPN
gujaf-78	112	4	must	must	AUX
gujaf-78	112	5	not	not	PART
gujaf-78	112	6	be	be	AUX
gujaf-78	112	7	delisted	delist	VERB
gujaf-78	112	8	during	during	ADP
gujaf-78	112	9	the	the	DET
gujaf-78	112	10	period	period	NOUN
gujaf-78	112	11	of	of	ADP
gujaf-78	112	12	study	study	NOUN
gujaf-78	112	13	iii	iii	PROPN
gujaf-78	112	14	.	.	PUNCT
gujaf-78	113	1	the	the	DET
gujaf-78	113	2	data	datum	NOUN
gujaf-78	113	3	for	for	ADP
gujaf-78	113	4	this	this	DET
gujaf-78	113	5	study	study	NOUN
gujaf-78	113	6	came	come	VERB
gujaf-78	113	7	from	from	ADP
gujaf-78	113	8	the	the	DET
gujaf-78	113	9	firms	firm	NOUN
gujaf-78	113	10	'	'	PART
gujaf-78	113	11	annual	annual	ADJ
gujaf-78	113	12	financial	financial	ADJ
gujaf-78	113	13	reports	report	NOUN
gujaf-78	113	14	for	for	ADP
gujaf-78	113	15	the	the	DET
gujaf-78	113	16	time	time	NOUN
gujaf-78	113	17	period	period	NOUN
gujaf-78	113	18	under	under	ADP
gujaf-78	113	19	consideration	consideration	NOUN
gujaf-78	113	20	,	,	PUNCT
gujaf-78	113	21	which	which	PRON
gujaf-78	113	22	was	be	AUX
gujaf-78	113	23	2011	2011	NUM
gujaf-78	113	24	to	to	ADP
gujaf-78	113	25	2019	2019	NUM
gujaf-78	113	26	.	.	PUNCT
gujaf-78	114	1	the	the	DET
gujaf-78	114	2	study	study	NOUN
gujaf-78	114	3	's	's	PART
gujaf-78	114	4	financial	financial	ADJ
gujaf-78	114	5	data	datum	NOUN
gujaf-78	114	6	is	be	AUX
gujaf-78	114	7	secondary	secondary	ADJ
gujaf-78	114	8	in	in	ADP
gujaf-78	114	9	nature	nature	NOUN
gujaf-78	114	10	,	,	PUNCT
gujaf-78	114	11	obtained	obtain	VERB
gujaf-78	114	12	from	from	ADP
gujaf-78	114	13	annual	annual	ADJ
gujaf-78	114	14	reports	report	NOUN
gujaf-78	114	15	.	.	PUNCT
gujaf-78	115	1	due	due	ADP
gujaf-78	115	2	to	to	ADP
gujaf-78	115	3	the	the	DET
gujaf-78	115	4	fact	fact	NOUN
gujaf-78	115	5	that	that	SCONJ
gujaf-78	115	6	both	both	DET
gujaf-78	115	7	time	time	NOUN
gujaf-78	115	8	series	series	PROPN
gujaf-78	115	9	and	and	CCONJ
gujaf-78	115	10	cross	cross	VERB
gujaf-78	115	11	sectional	sectional	ADJ
gujaf-78	115	12	data	datum	NOUN
gujaf-78	115	13	was	be	AUX
gujaf-78	115	14	used	use	VERB
gujaf-78	115	15	in	in	ADP
gujaf-78	115	16	the	the	DET
gujaf-78	115	17	study	study	NOUN
gujaf-78	116	1	we	we	PRON
gujaf-78	116	2	no	no	ADV
gujaf-78	116	3	considered	consider	VERB
gujaf-78	116	4	panel	panel	NOUN
gujaf-78	116	5	regression	regression	VERB
gujaf-78	116	6	analysis	analysis	NOUN
gujaf-78	116	7	as	as	ADP
gujaf-78	116	8	appropriate	appropriate	ADJ
gujaf-78	116	9	to	to	PART
gujaf-78	116	10	underpin	underpin	VERB
gujaf-78	116	11	the	the	DET
gujaf-78	116	12	independent	independent	ADJ
gujaf-78	116	13	variable	variable	NOUN
gujaf-78	116	14	of	of	ADP
gujaf-78	116	15	the	the	DET
gujaf-78	116	16	study	study	NOUN
gujaf-78	116	17	.	.	PUNCT
gujaf-78	117	1	while	while	SCONJ
gujaf-78	117	2	return	return	NOUN
gujaf-78	117	3	on	on	ADP
gujaf-78	117	4	assets	asset	NOUN
gujaf-78	117	5	was	be	AUX
gujaf-78	117	6	used	use	VERB
gujaf-78	117	7	as	as	ADP
gujaf-78	117	8	the	the	DET
gujaf-78	117	9	dependent	dependent	ADJ
gujaf-78	117	10	variable	variable	NOUN
gujaf-78	117	11	.	.	PUNCT
gujaf-78	118	1	table	table	NOUN
gujaf-78	118	2	1	1	NUM
gujaf-78	118	3	:	:	PUNCT
gujaf-78	118	4	definition	definition	NOUN
gujaf-78	118	5	of	of	ADP
gujaf-78	118	6	variables	variable	NOUN
gujaf-78	118	7	and	and	CCONJ
gujaf-78	118	8	measurements	measurement	NOUN
gujaf-78	118	9	variables	variable	NOUN
gujaf-78	118	10	measurements	measurement	NOUN
gujaf-78	118	11	r.o.e	r.o.e	VERB
gujaf-78	118	12	it	it	PRON
gujaf-78	118	13	's	be	AUX
gujaf-78	118	14	calculated	calculate	VERB
gujaf-78	118	15	by	by	ADP
gujaf-78	118	16	dividing	divide	VERB
gujaf-78	118	17	total	total	ADJ
gujaf-78	118	18	equity	equity	NOUN
gujaf-78	118	19	by	by	ADP
gujaf-78	118	20	earnings	earning	NOUN
gujaf-78	118	21	after	after	ADP
gujaf-78	118	22	interest	interest	NOUN
gujaf-78	118	23	and	and	CCONJ
gujaf-78	118	24	taxes	taxis	NOUN
gujaf-78	118	25	.	.	PUNCT
gujaf-78	119	1	tian	tian	ADJ
gujaf-78	119	2	and	and	CCONJ
gujaf-78	119	3	zeitun	zeitun	PROPN
gujaf-78	119	4	's	's	PART
gujaf-78	119	5	(	(	PUNCT
gujaf-78	119	6	2018	2018	NUM
gujaf-78	119	7	)	)	PUNCT
gujaf-78	120	1	r.oa	r.oa	PROPN
gujaf-78	120	2	it	it	PRON
gujaf-78	120	3	is	be	AUX
gujaf-78	120	4	calculated	calculate	VERB
gujaf-78	120	5	by	by	ADP
gujaf-78	120	6	dividing	divide	VERB
gujaf-78	120	7	total	total	ADJ
gujaf-78	120	8	assets	asset	NOUN
gujaf-78	120	9	by	by	ADP
gujaf-78	120	10	earnings	earning	NOUN
gujaf-78	120	11	after	after	ADP
gujaf-78	120	12	interest	interest	NOUN
gujaf-78	120	13	and	and	CCONJ
gujaf-78	120	14	taxes	taxis	NOUN
gujaf-78	120	15	.	.	PUNCT
gujaf-78	121	1	jiraporn	jiraporn	NOUN
gujaf-78	121	2	&	&	CCONJ
gujaf-78	121	3	liu(2017	liu(2017	PROPN
gujaf-78	121	4	)	)	PUNCT
gujaf-78	121	5	managerial	managerial	ADJ
gujaf-78	121	6	ownership	ownership	NOUN
gujaf-78	121	7	the	the	DET
gujaf-78	121	8	proportion	proportion	NOUN
gujaf-78	121	9	of	of	ADP
gujaf-78	121	10	shares	share	NOUN
gujaf-78	121	11	held	hold	VERB
gujaf-78	121	12	by	by	ADP
gujaf-78	121	13	managers	manager	NOUN
gujaf-78	121	14	and	and	CCONJ
gujaf-78	121	15	executive	executive	ADJ
gujaf-78	121	16	directors	director	NOUN
gujaf-78	121	17	divided	divide	VERB
gujaf-78	121	18	by	by	ADP
gujaf-78	121	19	the	the	DET
gujaf-78	121	20	total	total	ADJ
gujaf-78	121	21	number	number	NOUN
gujaf-78	121	22	of	of	ADP
gujaf-78	121	23	shares	share	NOUN
gujaf-78	121	24	issued	issue	VERB
gujaf-78	121	25	is	be	AUX
gujaf-78	121	26	how	how	SCONJ
gujaf-78	121	27	it	it	PRON
gujaf-78	121	28	's	be	AUX
gujaf-78	121	29	calculated	calculate	VERB
gujaf-78	121	30	.	.	PUNCT
gujaf-78	122	1	salehi	salehi	NOUN
gujaf-78	122	2	,	,	PUNCT
gujaf-78	122	3	mohmoud	mohmoud	NOUN
gujaf-78	122	4	,	,	PUNCT
gujaf-78	122	5	and	and	CCONJ
gujaf-78	122	6	heydari	heydari	NOUN
gujaf-78	122	7	(	(	PUNCT
gujaf-78	122	8	2012	2012	NUM
gujaf-78	122	9	)	)	PUNCT
gujaf-78	122	10	institutional	institutional	ADJ
gujaf-78	122	11	ownership	ownership	NOUN
gujaf-78	122	12	it	it	PRON
gujaf-78	122	13	is	be	AUX
gujaf-78	122	14	expressed	express	VERB
gujaf-78	122	15	as	as	ADP
gujaf-78	122	16	a	a	DET
gujaf-78	122	17	percentage	percentage	NOUN
gujaf-78	122	18	of	of	ADP
gujaf-78	122	19	institutional	institutional	ADJ
gujaf-78	122	20	investors	investor	NOUN
gujaf-78	122	21	'	'	PART
gujaf-78	122	22	shares	share	NOUN
gujaf-78	122	23	held	hold	VERB
gujaf-78	122	24	compared	compare	VERB
gujaf-78	122	25	to	to	ADP
gujaf-78	122	26	the	the	DET
gujaf-78	122	27	total	total	ADJ
gujaf-78	122	28	number	number	NOUN
gujaf-78	122	29	of	of	ADP
gujaf-78	122	30	shares	share	NOUN
gujaf-78	122	31	issued	issue	VERB
gujaf-78	122	32	(	(	PUNCT
gujaf-78	122	33	those	those	PRON
gujaf-78	122	34	that	that	PRON
gujaf-78	122	35	held	hold	VERB
gujaf-78	122	36	5	5	NUM
gujaf-78	122	37	percent	percent	NOUN
gujaf-78	122	38	and	and	CCONJ
gujaf-78	122	39	above	above	ADJ
gujaf-78	122	40	)	)	PUNCT
gujaf-78	122	41	kouki	kouki	PROPN
gujaf-78	122	42	&	&	CCONJ
gujaf-78	122	43	guizani	guizani	PROPN
gujaf-78	122	44	(	(	PUNCT
gujaf-78	122	45	2009	2009	NUM
gujaf-78	122	46	)	)	PUNCT
gujaf-78	122	47	and	and	CCONJ
gujaf-78	122	48	lamba	lamba	NOUN
gujaf-78	122	49	and	and	CCONJ
gujaf-78	122	50	stapledon	stapledon	PROPN
gujaf-78	122	51	(	(	PUNCT
gujaf-78	122	52	2016	2016	NUM
gujaf-78	122	53	)	)	PUNCT
gujaf-78	122	54	.	.	PUNCT
gujaf-78	123	1	ownership	ownership	NOUN
gujaf-78	123	2	concentration	concentration	NOUN
gujaf-78	123	3	it	it	PRON
gujaf-78	123	4	is	be	AUX
gujaf-78	123	5	calculated	calculate	VERB
gujaf-78	123	6	by	by	ADP
gujaf-78	123	7	dividing	divide	VERB
gujaf-78	123	8	the	the	DET
gujaf-78	123	9	total	total	ADJ
gujaf-78	123	10	number	number	NOUN
gujaf-78	123	11	of	of	ADP
gujaf-78	123	12	ordinary	ordinary	ADJ
gujaf-78	123	13	shares	share	NOUN
gujaf-78	123	14	issued	issue	VERB
gujaf-78	123	15	by	by	ADP
gujaf-78	123	16	the	the	DET
gujaf-78	123	17	number	number	NOUN
gujaf-78	123	18	of	of	ADP
gujaf-78	123	19	shares	share	NOUN
gujaf-78	123	20	held	hold	VERB
gujaf-78	123	21	by	by	ADP
gujaf-78	123	22	the	the	DET
gujaf-78	123	23	largest	large	ADJ
gujaf-78	123	24	shareholders	shareholder	NOUN
gujaf-78	123	25	.	.	PUNCT
gujaf-78	124	1	abubakar	abubakar	PROPN
gujaf-78	124	2	2017	2017	NUM
gujaf-78	124	3	source	source	NOUN
gujaf-78	124	4	:	:	PUNCT
gujaf-78	124	5	author	author	NOUN
gujaf-78	124	6	’s	’s	PART
gujaf-78	124	7	computation	computation	NOUN
gujaf-78	124	8	,	,	PUNCT
gujaf-78	124	9	2021	2021	NUM
gujaf-78	124	10	the	the	DET
gujaf-78	124	11	impact	impact	NOUN
gujaf-78	124	12	of	of	ADP
gujaf-78	124	13	ivs	ivs	PROPN
gujaf-78	124	14	(	(	PUNCT
gujaf-78	124	15	managerial	managerial	ADJ
gujaf-78	124	16	ownership	ownership	NOUN
gujaf-78	124	17	,	,	PUNCT
gujaf-78	124	18	institutional	institutional	ADJ
gujaf-78	124	19	ownership	ownership	NOUN
gujaf-78	124	20	,	,	PUNCT
gujaf-78	124	21	and	and	CCONJ
gujaf-78	124	22	ownership	ownership	NOUN
gujaf-78	124	23	concentration	concentration	NOUN
gujaf-78	124	24	)	)	PUNCT
gujaf-78	124	25	on	on	ADP
gujaf-78	124	26	the	the	DET
gujaf-78	124	27	dv	dv	PROPN
gujaf-78	124	28	was	be	AUX
gujaf-78	124	29	investigated	investigate	VERB
gujaf-78	124	30	using	use	VERB
gujaf-78	124	31	a	a	DET
gujaf-78	124	32	modified	modify	VERB
gujaf-78	124	33	model	model	NOUN
gujaf-78	124	34	(	(	PUNCT
gujaf-78	124	35	financial	financial	ADJ
gujaf-78	124	36	performance	performance	NOUN
gujaf-78	124	37	as	as	SCONJ
gujaf-78	124	38	measured	measure	VERB
gujaf-78	124	39	by	by	ADP
gujaf-78	124	40	return	return	NOUN
gujaf-78	124	41	on	on	ADP
gujaf-78	124	42	assets	asset	NOUN
gujaf-78	124	43	)	)	PUNCT
gujaf-78	124	44	.	.	PUNCT
gujaf-78	125	1	the	the	DET
gujaf-78	125	2	equation	equation	NOUN
gujaf-78	125	3	model	model	NOUN
gujaf-78	125	4	that	that	PRON
gujaf-78	125	5	expresses	express	VERB
gujaf-78	125	6	the	the	DET
gujaf-78	125	7	influence	influence	NOUN
gujaf-78	125	8	of	of	ADP
gujaf-78	125	9	y	y	PROPN
gujaf-78	125	10	(	(	PUNCT
gujaf-78	125	11	the	the	DET
gujaf-78	125	12	dependent	dependent	ADJ
gujaf-78	125	13	variable	variable	NOUN
gujaf-78	125	14	)	)	PUNCT
gujaf-78	125	15	on	on	ADP
gujaf-78	125	16	x	x	SYM
gujaf-78	125	17	was	be	AUX
gujaf-78	125	18	a	a	DET
gujaf-78	125	19	regression	regression	NOUN
gujaf-78	125	20	of	of	ADP
gujaf-78	125	21	y	y	PROPN
gujaf-78	125	22	on	on	ADP
gujaf-78	125	23	x.	x.	PROPN
gujaf-78	125	24	(	(	PUNCT
gujaf-78	125	25	the	the	DET
gujaf-78	125	26	independent	independent	ADJ
gujaf-78	125	27	variables	variable	NOUN
gujaf-78	125	28	)	)	PUNCT
gujaf-78	125	29	.	.	PUNCT
gujaf-78	126	1	the	the	DET
gujaf-78	126	2	linear	linear	ADJ
gujaf-78	126	3	regression	regression	NOUN
gujaf-78	126	4	is	be	AUX
gujaf-78	126	5	represented	represent	VERB
gujaf-78	126	6	mathematically	mathematically	ADV
gujaf-78	126	7	as	as	ADP
gujaf-78	126	8	y	y	PROPN
gujaf-78	126	9	=	=	SYM
gujaf-78	126	10	f(x	f(x	PROPN
gujaf-78	126	11	)	)	PUNCT
gujaf-78	126	12	,	,	PUNCT
gujaf-78	126	13	which	which	PRON
gujaf-78	126	14	means	mean	VERB
gujaf-78	126	15	y	y	PROPN
gujaf-78	126	16	is	be	AUX
gujaf-78	126	17	a	a	DET
gujaf-78	126	18	function	function	NOUN
gujaf-78	126	19	of	of	ADP
gujaf-78	126	20	x.	x.	NOUN
gujaf-78	126	21	y	y	PROPN
gujaf-78	126	22	=	=	PUNCT
gujaf-78	126	23	0	0	PUNCT
gujaf-78	127	1	+	+	CCONJ
gujaf-78	127	2	1x1	1x1	NUM
gujaf-78	127	3	+	+	CCONJ
gujaf-78	127	4	2x2	2x2	NUM
gujaf-78	127	5	+	+	CCONJ
gujaf-78	127	6	…	…	PUNCT
gujaf-78	127	7	…	…	PUNCT
gujaf-78	127	8	…	…	PUNCT
gujaf-78	127	9	…	…	PUNCT
gujaf-78	127	10	…	…	PUNCT
gujaf-78	127	11	…	…	PUNCT
gujaf-78	127	12	…	…	PUNCT
gujaf-78	127	13	…	…	PUNCT
gujaf-78	127	14	……	……	NOUN
gujaf-78	127	15	……	……	NOUN
gujaf-78	127	16	……	……	NOUN
gujaf-78	127	17	……	……	NOUN
gujaf-78	127	18	……	……	NOUN
gujaf-78	127	19	……	……	NOUN
gujaf-78	127	20	...	...	PUNCT
gujaf-78	128	1	+	+	CCONJ
gujaf-78	128	2	nxn	nxn	PROPN
gujaf-78	128	3	+	+	CCONJ
gujaf-78	128	4	e	e	X
gujaf-78	128	5	where	where	SCONJ
gujaf-78	128	6	,	,	PUNCT
gujaf-78	128	7	gusau	gusau	ADJ
gujaf-78	128	8	journal	journal	NOUN
gujaf-78	128	9	of	of	ADP
gujaf-78	128	10	accounting	accounting	NOUN
gujaf-78	128	11	and	and	CCONJ
gujaf-78	128	12	finance	finance	NOUN
gujaf-78	128	13	,	,	PUNCT
gujaf-78	128	14	vol	vol	NOUN
gujaf-78	128	15	.	.	PROPN
gujaf-78	128	16	2	2	NUM
gujaf-78	128	17	,	,	PUNCT
gujaf-78	128	18	issue	issue	NOUN
gujaf-78	128	19	3	3	NUM
gujaf-78	128	20	,	,	PUNCT
gujaf-78	128	21	april	april	PROPN
gujaf-78	128	22	,	,	PUNCT
gujaf-78	128	23	2021	2021	NUM
gujaf-78	128	24	8	8	NUM
gujaf-78	128	25	y=	y=	PRON
gujaf-78	128	26	the	the	DET
gujaf-78	128	27	dependent	dependent	ADJ
gujaf-78	128	28	variable	variable	NOUN
gujaf-78	128	29	(	(	PUNCT
gujaf-78	128	30	financial	financial	ADJ
gujaf-78	128	31	performance	performance	NOUN
gujaf-78	128	32	)	)	PUNCT
gujaf-78	128	33	x	x	X
gujaf-78	129	1	=	=	PUNCT
gujaf-78	129	2	the	the	DET
gujaf-78	129	3	independent	independent	ADJ
gujaf-78	129	4	0	0	X
gujaf-78	129	5	=	=	PUNCT
gujaf-78	129	6	the	the	DET
gujaf-78	129	7	intercept	intercept	NOUN
gujaf-78	129	8	,	,	PUNCT
gujaf-78	129	9	1	1	NUM
gujaf-78	129	10	…	…	SYM
gujaf-78	129	11	…	…	SYM
gujaf-78	129	12	n	n	NOUN
gujaf-78	129	13	=	=	NOUN
gujaf-78	129	14	coefficient	coefficient	ADJ
gujaf-78	129	15	empirical	empirical	ADJ
gujaf-78	129	16	models	model	NOUN
gujaf-78	129	17	estimated	estimate	VERB
gujaf-78	129	18	in	in	ADP
gujaf-78	129	19	the	the	DET
gujaf-78	129	20	study	study	NOUN
gujaf-78	129	21	were	be	AUX
gujaf-78	129	22	proxied	proxie	VERB
gujaf-78	129	23	as	as	SCONJ
gujaf-78	129	24	follows	follow	VERB
gujaf-78	129	25	:	:	PUNCT
gujaf-78	129	26	where	where	SCONJ
gujaf-78	129	27	:	:	PUNCT
gujaf-78	129	28	roa	roa	PROPN
gujaf-78	129	29	=	=	PUNCT
gujaf-78	129	30	return	return	VERB
gujaf-78	129	31	on	on	ADP
gujaf-78	129	32	assets	asset	NOUN
gujaf-78	129	33	mownit	mownit	NOUN
gujaf-78	130	1	=	=	SYM
gujaf-78	130	2	managerial	managerial	ADJ
gujaf-78	130	3	ownership	ownership	NOUN
gujaf-78	130	4	inownit	inownit	VERB
gujaf-78	130	5	=	=	NOUN
gujaf-78	130	6	institutional	institutional	ADJ
gujaf-78	130	7	investors	investor	NOUN
gujaf-78	130	8	.	.	PUNCT
gujaf-78	131	1	ownconit	ownconit	NOUN
gujaf-78	131	2	=	=	SYM
gujaf-78	131	3	ownership	ownership	NOUN
gujaf-78	131	4	concentration	concentration	NOUN
gujaf-78	131	5	4	4	NUM
gujaf-78	131	6	.	.	PUNCT
gujaf-78	131	7	discusion	discusion	NOUN
gujaf-78	131	8	of	of	ADP
gujaf-78	131	9	findings	finding	NOUN
gujaf-78	131	10	return	return	VERB
gujaf-78	131	11	on	on	ADP
gujaf-78	131	12	assets	asset	NOUN
gujaf-78	131	13	(	(	PUNCT
gujaf-78	131	14	roa	roa	NOUN
gujaf-78	131	15	)	)	PUNCT
gujaf-78	131	16	is	be	AUX
gujaf-78	131	17	used	use	VERB
gujaf-78	131	18	as	as	ADP
gujaf-78	131	19	a	a	DET
gujaf-78	131	20	measure	measure	NOUN
gujaf-78	131	21	of	of	ADP
gujaf-78	131	22	financial	financial	ADJ
gujaf-78	131	23	performance	performance	NOUN
gujaf-78	131	24	in	in	ADP
gujaf-78	131	25	this	this	DET
gujaf-78	131	26	study	study	NOUN
gujaf-78	131	27	.	.	PUNCT
gujaf-78	132	1	however	however	ADV
gujaf-78	132	2	,	,	PUNCT
gujaf-78	132	3	due	due	ADP
gujaf-78	132	4	to	to	ADP
gujaf-78	132	5	endogeneity	endogeneity	NOUN
gujaf-78	132	6	issue	issue	NOUN
gujaf-78	132	7	,	,	PUNCT
gujaf-78	132	8	each	each	DET
gujaf-78	132	9	independent	independent	ADJ
gujaf-78	132	10	variable	variable	NOUN
gujaf-78	132	11	(	(	PUNCT
gujaf-78	132	12	i.e.	i.e.	X
gujaf-78	132	13	managerial	managerial	ADJ
gujaf-78	132	14	ownership	ownership	NOUN
gujaf-78	132	15	,	,	PUNCT
gujaf-78	132	16	institutional	institutional	ADJ
gujaf-78	132	17	ownership	ownership	NOUN
gujaf-78	132	18	,	,	PUNCT
gujaf-78	132	19	and	and	CCONJ
gujaf-78	132	20	ownership	ownership	NOUN
gujaf-78	132	21	concentrated	concentrate	VERB
gujaf-78	132	22	)	)	PUNCT
gujaf-78	132	23	is	be	AUX
gujaf-78	132	24	instrumented	instrument	VERB
gujaf-78	132	25	in	in	ADP
gujaf-78	132	26	the	the	DET
gujaf-78	132	27	roe	roe	NOUN
gujaf-78	132	28	model	model	NOUN
gujaf-78	132	29	because	because	SCONJ
gujaf-78	132	30	it	it	PRON
gujaf-78	132	31	is	be	AUX
gujaf-78	132	32	suspected	suspect	VERB
gujaf-78	132	33	that	that	SCONJ
gujaf-78	132	34	they	they	PRON
gujaf-78	132	35	are	be	AUX
gujaf-78	132	36	endogenous	endogenous	ADJ
gujaf-78	132	37	.	.	PUNCT
gujaf-78	133	1	table	table	NOUN
gujaf-78	133	2	2	2	NUM
gujaf-78	133	3	shows	show	VERB
gujaf-78	133	4	result	result	NOUN
gujaf-78	133	5	of	of	ADP
gujaf-78	133	6	regression	regression	NOUN
gujaf-78	133	7	analysis	analysis	NOUN
gujaf-78	133	8	on	on	ADP
gujaf-78	133	9	the	the	DET
gujaf-78	133	10	effect	effect	NOUN
gujaf-78	133	11	of	of	ADP
gujaf-78	133	12	ownership	ownership	NOUN
gujaf-78	133	13	structure	structure	NOUN
gujaf-78	133	14	and	and	CCONJ
gujaf-78	133	15	financial	financial	ADJ
gujaf-78	133	16	performance	performance	NOUN
gujaf-78	133	17	on	on	ADP
gujaf-78	133	18	listed	list	VERB
gujaf-78	133	19	companies	company	NOUN
gujaf-78	133	20	using	use	VERB
gujaf-78	133	21	roa	roa	PROPN
gujaf-78	133	22	.	.	PUNCT
gujaf-78	133	23	table	table	NOUN
gujaf-78	133	24	2	2	NUM
gujaf-78	133	25	:	:	PUNCT
gujaf-78	133	26	descriptive	descriptive	ADJ
gujaf-78	133	27	statistics	statistic	NOUN
gujaf-78	133	28	variable	variable	ADJ
gujaf-78	133	29	observation	observation	NOUN
gujaf-78	133	30	minimum	minimum	NOUN
gujaf-78	133	31	max	max	PROPN
gujaf-78	133	32	mean	mean	PROPN
gujaf-78	133	33	std	std	PROPN
gujaf-78	133	34	.	.	PROPN
gujaf-78	133	35	dev	dev	PROPN
gujaf-78	133	36	.	.	PROPN
gujaf-78	133	37	roa	roa	PROPN
gujaf-78	133	38	315	315	NUM
gujaf-78	133	39	-.21	-.21	SYM
gujaf-78	133	40	.9	.9	NUM
gujaf-78	133	41	.0696	.0696	PROPN
gujaf-78	133	42	.2107	.2107	PROPN
gujaf-78	134	1	mown	mow	VERB
gujaf-78	134	2	315	315	NUM
gujaf-78	134	3	.45	.45	NUM
gujaf-78	134	4	.036	.036	NUM
gujaf-78	134	5	.765	.765	NUM
gujaf-78	135	1	.4740	.4740	SYM
gujaf-78	135	2	instown	instown	VERB
gujaf-78	135	3	315	315	NUM
gujaf-78	135	4	0.051	0.051	NUM
gujaf-78	135	5	0.95	0.95	NUM
gujaf-78	135	6	0.4106	0.4106	NUM
gujaf-78	135	7	0.1905	0.1905	NUM
gujaf-78	135	8	owncon	owncon	NOUN
gujaf-78	135	9	315	315	NUM
gujaf-78	135	10	0.075	0.075	NUM
gujaf-78	135	11	0.85	0.85	NUM
gujaf-78	136	1	0.0827	0.0827	NUM
gujaf-78	136	2	0.2039	0.2039	NUM
gujaf-78	136	3	source	source	NOUN
gujaf-78	136	4	:	:	PUNCT
gujaf-78	136	5	author	author	NOUN
gujaf-78	136	6	’s	’s	PART
gujaf-78	136	7	computation	computation	NOUN
gujaf-78	136	8	,	,	PUNCT
gujaf-78	136	9	2021	2021	NUM
gujaf-78	136	10	robust	robust	ADJ
gujaf-78	136	11	standard	standard	ADJ
gujaf-78	136	12	errors	error	NOUN
gujaf-78	136	13	in	in	ADP
gujaf-78	136	14	parentheses	parenthesis	NOUN
gujaf-78	136	15	*	*	PUNCT
gujaf-78	136	16	*	*	PUNCT
gujaf-78	136	17	*	*	PUNCT
gujaf-78	136	18	p<0.01	p<0.01	PROPN
gujaf-78	136	19	,	,	PUNCT
gujaf-78	136	20	*	*	PUNCT
gujaf-78	136	21	*	*	PUNCT
gujaf-78	136	22	p<0.05	p<0.05	NOUN
gujaf-78	136	23	,	,	PUNCT
gujaf-78	136	24	*	*	SYM
gujaf-78	136	25	p<0.1	p<0.1	NUM
gujaf-78	136	26	table	table	NOUN
gujaf-78	136	27	2	2	NUM
gujaf-78	136	28	summarizes	summarize	NOUN
gujaf-78	136	29	descriptive	descriptive	ADJ
gujaf-78	136	30	statistics	statistic	NOUN
gujaf-78	136	31	for	for	ADP
gujaf-78	136	32	the	the	DET
gujaf-78	136	33	dependent	dependent	ADJ
gujaf-78	136	34	and	and	CCONJ
gujaf-78	136	35	independent	independent	ADJ
gujaf-78	136	36	variables	variable	NOUN
gujaf-78	136	37	for	for	ADP
gujaf-78	136	38	the	the	DET
gujaf-78	136	39	sampled	sample	VERB
gujaf-78	136	40	listed	list	VERB
gujaf-78	136	41	manufacturing	manufacturing	NOUN
gujaf-78	136	42	companies	company	NOUN
gujaf-78	136	43	.	.	PUNCT
gujaf-78	137	1	the	the	DET
gujaf-78	137	2	results	result	NOUN
gujaf-78	137	3	above	above	ADP
gujaf-78	137	4	show	show	VERB
gujaf-78	137	5	the	the	DET
gujaf-78	137	6	minimum	minimum	ADJ
gujaf-78	137	7	indicators	indicator	NOUN
gujaf-78	137	8	of	of	ADP
gujaf-78	137	9	the	the	DET
gujaf-78	137	10	variables	variable	NOUN
gujaf-78	137	11	calculated	calculate	VERB
gujaf-78	137	12	from	from	ADP
gujaf-78	137	13	annual	annual	ADJ
gujaf-78	137	14	financial	financial	ADJ
gujaf-78	137	15	statements	statement	NOUN
gujaf-78	137	16	.	.	PUNCT
gujaf-78	138	1	return	return	VERB
gujaf-78	138	2	on	on	ADP
gujaf-78	138	3	assets	asset	NOUN
gujaf-78	138	4	(	(	PUNCT
gujaf-78	138	5	roa	roa	NOUN
gujaf-78	138	6	)	)	PUNCT
gujaf-78	138	7	is	be	AUX
gujaf-78	138	8	used	use	VERB
gujaf-78	138	9	to	to	PART
gujaf-78	138	10	calculate	calculate	VERB
gujaf-78	138	11	the	the	DET
gujaf-78	138	12	average	average	ADJ
gujaf-78	138	13	return	return	NOUN
gujaf-78	138	14	of	of	ADP
gujaf-78	138	15	7	7	NUM
gujaf-78	138	16	%	%	NOUN
gujaf-78	138	17	.	.	PUNCT
gujaf-78	139	1	the	the	DET
gujaf-78	139	2	picture	picture	NOUN
gujaf-78	139	3	shows	show	VERB
gujaf-78	139	4	poor	poor	ADJ
gujaf-78	139	5	performance	performance	NOUN
gujaf-78	139	6	over	over	ADP
gujaf-78	139	7	the	the	DET
gujaf-78	139	8	duration	duration	NOUN
gujaf-78	139	9	of	of	ADP
gujaf-78	139	10	the	the	DET
gujaf-78	139	11	study	study	NOUN
gujaf-78	139	12	period	period	NOUN
gujaf-78	139	13	.	.	PUNCT
gujaf-78	140	1	the	the	DET
gujaf-78	140	2	contribution	contribution	NOUN
gujaf-78	140	3	of	of	ADP
gujaf-78	140	4	net	net	ADJ
gujaf-78	140	5	income	income	NOUN
gujaf-78	140	6	invested	invest	VERB
gujaf-78	140	7	by	by	ADP
gujaf-78	140	8	the	the	DET
gujaf-78	140	9	company	company	NOUN
gujaf-78	140	10	's	's	PART
gujaf-78	140	11	shareholders	shareholder	NOUN
gujaf-78	140	12	per	per	ADP
gujaf-78	140	13	naira	naira	PROPN
gujaf-78	140	14	is	be	AUX
gujaf-78	140	15	measured	measure	VERB
gujaf-78	140	16	by	by	ADP
gujaf-78	140	17	the	the	DET
gujaf-78	140	18	roa	roa	NOUN
gujaf-78	140	19	(	(	PUNCT
gujaf-78	140	20	local	local	ADJ
gujaf-78	140	21	currency	currency	NOUN
gujaf-78	140	22	)	)	PUNCT
gujaf-78	140	23	.	.	PUNCT
gujaf-78	141	1	a	a	DET
gujaf-78	141	2	measure	measure	NOUN
gujaf-78	141	3	of	of	ADP
gujaf-78	141	4	the	the	DET
gujaf-78	141	5	owner	owner	NOUN
gujaf-78	141	6	's	's	PART
gujaf-78	141	7	invested	invest	VERB
gujaf-78	141	8	capital	capital	NOUN
gujaf-78	141	9	's	's	PART
gujaf-78	141	10	efficiency	efficiency	NOUN
gujaf-78	141	11	.	.	PUNCT
gujaf-78	142	1	the	the	DET
gujaf-78	142	2	maximum	maximum	ADJ
gujaf-78	142	3	and	and	CCONJ
gujaf-78	142	4	minimum	minimum	ADJ
gujaf-78	142	5	roa	roa	NOUN
gujaf-78	142	6	values	value	NOUN
gujaf-78	142	7	,	,	PUNCT
gujaf-78	142	8	respectively	respectively	ADV
gujaf-78	142	9	,	,	PUNCT
gujaf-78	142	10	were	be	AUX
gujaf-78	142	11	0.9	0.9	NUM
gujaf-78	142	12	and	and	CCONJ
gujaf-78	142	13	-0.21	-0.21	NOUN
gujaf-78	142	14	.	.	PUNCT
gujaf-78	143	1	this	this	PRON
gujaf-78	143	2	shows	show	VERB
gujaf-78	143	3	that	that	SCONJ
gujaf-78	143	4	the	the	DET
gujaf-78	143	5	most	most	ADV
gujaf-78	143	6	profitable	profitable	ADJ
gujaf-78	143	7	manufacturing	manufacturing	NOUN
gujaf-78	143	8	companies	company	NOUN
gujaf-78	143	9	made	make	VERB
gujaf-78	143	10	n9	n9	PROPN
gujaf-78	143	11	of	of	ADP
gujaf-78	143	12	net	net	ADJ
gujaf-78	143	13	income	income	NOUN
gujaf-78	143	14	with	with	ADP
gujaf-78	143	15	a	a	DET
gujaf-78	143	16	single	single	ADJ
gujaf-78	143	17	n1	n1	NOUN
gujaf-78	143	18	of	of	ADP
gujaf-78	143	19	capital	capital	NOUN
gujaf-78	143	20	investment	investment	NOUN
gujaf-78	143	21	.	.	PUNCT
gujaf-78	144	1	and	and	CCONJ
gujaf-78	144	2	the	the	DET
gujaf-78	144	3	maximum	maximum	ADJ
gujaf-78	144	4	losses	loss	NOUN
gujaf-78	144	5	that	that	PRON
gujaf-78	144	6	the	the	DET
gujaf-78	144	7	manufacturing	manufacture	VERB
gujaf-78	144	8	company	company	NOUN
gujaf-78	144	9	incurs	incur	VERB
gujaf-78	144	10	are	be	AUX
gujaf-78	144	11	loss	loss	NOUN
gujaf-78	144	12	of	of	ADP
gujaf-78	144	13	n	n	NOUN
gujaf-78	144	14	0	0	NUM
gujaf-78	144	15	per	per	ADP
gujaf-78	144	16	n1	n1	NOUN
gujaf-78	144	17	of	of	ADP
gujaf-78	144	18	the	the	DET
gujaf-78	144	19	investment	investment	NOUN
gujaf-78	144	20	.	.	PUNCT
gujaf-78	145	1	the	the	DET
gujaf-78	145	2	standard	standard	ADJ
gujaf-78	145	3	deviation	deviation	NOUN
gujaf-78	145	4	of	of	ADP
gujaf-78	145	5	the	the	DET
gujaf-78	145	6	roa	roa	NOUN
gujaf-78	145	7	is	be	AUX
gujaf-78	145	8	0.2107	0.2107	NUM
gujaf-78	145	9	,	,	PUNCT
gujaf-78	145	10	which	which	PRON
gujaf-78	145	11	shows	show	VERB
gujaf-78	145	12	a	a	DET
gujaf-78	145	13	high	high	ADJ
gujaf-78	145	14	degree	degree	NOUN
gujaf-78	145	15	of	of	ADP
gujaf-78	145	16	variability	variability	NOUN
gujaf-78	145	17	between	between	ADP
gujaf-78	145	18	the	the	DET
gujaf-78	145	19	manufacturing	manufacture	VERB
gujaf-78	145	20	companies	company	NOUN
gujaf-78	145	21	.	.	PUNCT
gujaf-78	146	1	mown	mown	NOUN
gujaf-78	146	2	is	be	AUX
gujaf-78	146	3	a	a	DET
gujaf-78	146	4	variable	variable	NOUN
gujaf-78	146	5	that	that	PRON
gujaf-78	146	6	represents	represent	VERB
gujaf-78	146	7	the	the	DET
gujaf-78	146	8	share	share	NOUN
gujaf-78	146	9	of	of	ADP
gujaf-78	146	10	total	total	ADJ
gujaf-78	146	11	number	number	NOUN
gujaf-78	146	12	of	of	ADP
gujaf-78	146	13	sharing	sharing	NOUN
gujaf-78	146	14	issues	issue	NOUN
gujaf-78	146	15	.	.	PUNCT
gujaf-78	147	1	this	this	DET
gujaf-78	147	2	variable	variable	NOUN
gujaf-78	147	3	's	's	PART
gujaf-78	147	4	average	average	ADJ
gujaf-78	147	5	value	value	NOUN
gujaf-78	147	6	is	be	AUX
gujaf-78	147	7	0.45	0.45	NUM
gujaf-78	147	8	.	.	PUNCT
gujaf-78	148	1	management	management	NOUN
gujaf-78	148	2	represents	represent	VERB
gujaf-78	148	3	approximately	approximately	ADV
gujaf-78	148	4	95	95	NUM
gujaf-78	148	5	%	%	NOUN
gujaf-78	148	6	of	of	ADP
gujaf-78	148	7	total	total	ADJ
gujaf-78	148	8	assets	asset	NOUN
gujaf-78	148	9	,	,	PUNCT
gujaf-78	148	10	according	accord	VERB
gujaf-78	148	11	to	to	ADP
gujaf-78	148	12	the	the	DET
gujaf-78	148	13	value	value	NOUN
gujaf-78	148	14	,	,	PUNCT
gujaf-78	148	15	due	due	ADP
gujaf-78	148	16	to	to	ADP
gujaf-78	148	17	the	the	DET
gujaf-78	148	18	difficulty	difficulty	NOUN
gujaf-78	148	19	in	in	ADP
gujaf-78	148	20	obtaining	obtain	VERB
gujaf-78	148	21	long	long	ADJ
gujaf-78	148	22	-	-	PUNCT
gujaf-78	148	23	term	term	NOUN
gujaf-78	148	24	credit	credit	NOUN
gujaf-78	148	25	from	from	ADP
gujaf-78	148	26	financial	financial	ADJ
gujaf-78	148	27	institutions	institution	NOUN
gujaf-78	148	28	;	;	PUNCT
gujaf-78	148	29	manufacturing	manufacturing	NOUN
gujaf-78	148	30	companies	company	NOUN
gujaf-78	148	31	are	be	AUX
gujaf-78	148	32	increasingly	increasingly	ADV
gujaf-78	148	33	relying	rely	VERB
gujaf-78	148	34	on	on	ADP
gujaf-78	148	35	private	private	ADJ
gujaf-78	148	36	equity	equity	NOUN
gujaf-78	148	37	for	for	ADP
gujaf-78	148	38	financing	finance	VERB
gujaf-78	148	39	their	their	PRON
gujaf-78	148	40	operations	operation	NOUN
gujaf-78	148	41	.	.	PUNCT
gujaf-78	149	1	the	the	DET
gujaf-78	149	2	minimum	minimum	ADJ
gujaf-78	149	3	and	and	CCONJ
gujaf-78	149	4	maximum	maximum	ADJ
gujaf-78	149	5	values	value	NOUN
gujaf-78	149	6	for	for	ADP
gujaf-78	149	7	mown	mown	NOUN
gujaf-78	149	8	are	be	AUX
gujaf-78	149	9	0.45	0.45	NUM
gujaf-78	149	10	and	and	CCONJ
gujaf-78	149	11	0.035	0.035	NUM
gujaf-78	149	12	,	,	PUNCT
gujaf-78	149	13	respectively	respectively	ADV
gujaf-78	149	14	.	.	PUNCT
gujaf-78	150	1	manufacturing	manufacturing	NOUN
gujaf-78	150	2	firms	firm	NOUN
gujaf-78	150	3	have	have	VERB
gujaf-78	150	4	a	a	DET
gujaf-78	150	5	positive	positive	ADJ
gujaf-78	150	6	insignificant	insignificant	ADJ
gujaf-78	150	7	variation	variation	NOUN
gujaf-78	150	8	with	with	ADP
gujaf-78	150	9	a	a	DET
gujaf-78	150	10	standard	standard	ADJ
gujaf-78	150	11	deviation	deviation	NOUN
gujaf-78	150	12	of	of	ADP
gujaf-78	150	13	0.4740	0.4740	NUM
gujaf-78	150	14	.	.	PUNCT
gujaf-78	151	1	the	the	DET
gujaf-78	151	2	institution	institution	NOUN
gujaf-78	151	3	ownership	ownership	NOUN
gujaf-78	151	4	ratio	ratio	NOUN
gujaf-78	151	5	(	(	PUNCT
gujaf-78	151	6	intown	intown	PROPN
gujaf-78	151	7	)	)	PUNCT
gujaf-78	151	8	also	also	ADV
gujaf-78	151	9	stands	stand	VERB
gujaf-78	151	10	at	at	ADP
gujaf-78	151	11	an	an	DET
gujaf-78	151	12	average	average	NOUN
gujaf-78	151	13	of	of	ADP
gujaf-78	151	14	0.1905	0.1905	NUM
gujaf-78	151	15	.	.	PUNCT
gujaf-78	152	1	this	this	PRON
gujaf-78	152	2	means	mean	VERB
gujaf-78	152	3	that	that	SCONJ
gujaf-78	152	4	long	long	ADJ
gujaf-78	152	5	-	-	PUNCT
gujaf-78	152	6	term	term	NOUN
gujaf-78	152	7	debt	debt	NOUN
gujaf-78	152	8	accounts	account	VERB
gujaf-78	152	9	for	for	ADP
gujaf-78	152	10	nearly	nearly	ADV
gujaf-78	152	11	21	21	NUM
gujaf-78	152	12	%	%	NOUN
gujaf-78	152	13	of	of	ADP
gujaf-78	152	14	total	total	ADJ
gujaf-78	152	15	assets	asset	NOUN
gujaf-78	152	16	.	.	PUNCT
gujaf-78	153	1	the	the	DET
gujaf-78	153	2	minimum	minimum	ADJ
gujaf-78	153	3	and	and	CCONJ
gujaf-78	153	4	maximum	maximum	ADJ
gujaf-78	153	5	values	value	NOUN
gujaf-78	153	6	for	for	ADP
gujaf-78	153	7	owncon	owncon	NOUN
gujaf-78	153	8	are	be	AUX
gujaf-78	153	9	0.051	0.051	NUM
gujaf-78	153	10	and	and	CCONJ
gujaf-78	153	11	0.95	0.95	NUM
gujaf-78	153	12	,	,	PUNCT
gujaf-78	153	13	respectively	respectively	ADV
gujaf-78	153	14	.	.	PUNCT
gujaf-78	154	1	average	average	ADJ
gujaf-78	154	2	owncon	owncon	NOUN
gujaf-78	154	3	deviation	deviation	NOUN
gujaf-78	154	4	among	among	ADP
gujaf-78	154	5	sampled	sample	VERB
gujaf-78	154	6	listed	list	VERB
gujaf-78	154	7	companies	company	NOUN
gujaf-78	154	8	is	be	AUX
gujaf-78	154	9	0.2039	0.2039	NUM
gujaf-78	154	10	,	,	PUNCT
gujaf-78	154	11	indicating	indicate	VERB
gujaf-78	154	12	moderate	moderate	ADJ
gujaf-78	154	13	variation	variation	NOUN
gujaf-78	154	14	.	.	PUNCT
gujaf-78	155	1	beyond	beyond	ADP
gujaf-78	155	2	the	the	DET
gujaf-78	155	3	concentration	concentration	NOUN
gujaf-78	155	4	of	of	ADP
gujaf-78	155	5	ownership	ownership	NOUN
gujaf-78	155	6	,	,	PUNCT
gujaf-78	155	7	manufacturing	manufacturing	NOUN
gujaf-78	155	8	gusau	gusau	ADJ
gujaf-78	155	9	journal	journal	NOUN
gujaf-78	155	10	of	of	ADP
gujaf-78	155	11	accounting	accounting	NOUN
gujaf-78	155	12	and	and	CCONJ
gujaf-78	155	13	finance	finance	NOUN
gujaf-78	155	14	,	,	PUNCT
gujaf-78	155	15	vol	vol	NOUN
gujaf-78	155	16	.	.	PROPN
gujaf-78	155	17	2	2	NUM
gujaf-78	155	18	,	,	PUNCT
gujaf-78	155	19	issue	issue	NOUN
gujaf-78	155	20	3	3	NUM
gujaf-78	155	21	,	,	PUNCT
gujaf-78	155	22	april	april	PROPN
gujaf-78	155	23	,	,	PUNCT
gujaf-78	155	24	2021	2021	NUM
gujaf-78	155	25	9	9	NUM
gujaf-78	155	26	firms	firm	NOUN
gujaf-78	155	27	are	be	AUX
gujaf-78	155	28	financially	financially	ADV
gujaf-78	155	29	managed	manage	VERB
gujaf-78	155	30	with	with	ADP
gujaf-78	155	31	a	a	DET
gujaf-78	155	32	large	large	ADJ
gujaf-78	155	33	percentage	percentage	NOUN
gujaf-78	155	34	of	of	ADP
gujaf-78	155	35	institutional	institutional	ADJ
gujaf-78	155	36	ownership	ownership	NOUN
gujaf-78	155	37	,	,	PUNCT
gujaf-78	155	38	as	as	SCONJ
gujaf-78	155	39	stated	state	VERB
gujaf-78	155	40	in	in	ADP
gujaf-78	155	41	the	the	DET
gujaf-78	155	42	previous	previous	ADJ
gujaf-78	155	43	position	position	NOUN
gujaf-78	155	44	.	.	PUNCT
gujaf-78	156	1	table	table	NOUN
gujaf-78	156	2	3	3	NUM
gujaf-78	156	3	:	:	PUNCT
gujaf-78	156	4	correlation	correlation	NOUN
gujaf-78	156	5	matrix	matrix	NOUN
gujaf-78	156	6	variable	variable	ADJ
gujaf-78	156	7	roa	roa	NOUN
gujaf-78	156	8	mown	mow	VERB
gujaf-78	156	9	instown	instown	NOUN
gujaf-78	156	10	owncon	owncon	PROPN
gujaf-78	156	11	roa	roa	PROPN
gujaf-78	156	12	1.0000	1.0000	NUM
gujaf-78	156	13	mown	mown	NOUN
gujaf-78	156	14	.0843	.0843	PROPN
gujaf-78	156	15	1.0000	1.0000	NUM
gujaf-78	156	16	instown	instown	NOUN
gujaf-78	156	17	-0.1323	-0.1323	PROPN
gujaf-78	156	18	-0.0359	-0.0359	NOUN
gujaf-78	156	19	1.0000	1.0000	NUM
gujaf-78	156	20	owncon	owncon	ADJ
gujaf-78	156	21	-0.2087	-0.2087	NOUN
gujaf-78	156	22	0.1193	0.1193	NUM
gujaf-78	156	23	0.1021	0.1021	NUM
gujaf-78	156	24	1.0000	1.0000	NUM
gujaf-78	156	25	source	source	NOUN
gujaf-78	156	26	:	:	PUNCT
gujaf-78	156	27	author	author	NOUN
gujaf-78	156	28	’s	’s	PART
gujaf-78	156	29	computation	computation	NOUN
gujaf-78	156	30	,	,	PUNCT
gujaf-78	156	31	2021	2021	NUM
gujaf-78	156	32	according	accord	VERB
gujaf-78	156	33	to	to	ADP
gujaf-78	156	34	the	the	DET
gujaf-78	156	35	correlation	correlation	NOUN
gujaf-78	156	36	matrix	matrix	NOUN
gujaf-78	156	37	table	table	NOUN
gujaf-78	156	38	3	3	NUM
gujaf-78	156	39	,	,	PUNCT
gujaf-78	156	40	mown	mown	NOUN
gujaf-78	156	41	is	be	AUX
gujaf-78	156	42	positively	positively	ADV
gujaf-78	156	43	correlated	correlate	VERB
gujaf-78	156	44	with	with	ADP
gujaf-78	156	45	returns	return	NOUN
gujaf-78	156	46	on	on	ADP
gujaf-78	156	47	assets	asset	NOUN
gujaf-78	156	48	(	(	PUNCT
gujaf-78	156	49	roa	roa	NOUN
gujaf-78	156	50	)	)	PUNCT
gujaf-78	156	51	of	of	ADP
gujaf-78	156	52	existing	exist	VERB
gujaf-78	156	53	manufacturing	manufacturing	NOUN
gujaf-78	156	54	companies	company	NOUN
gujaf-78	156	55	.	.	PUNCT
gujaf-78	157	1	the	the	DET
gujaf-78	157	2	above	above	ADJ
gujaf-78	157	3	variable	variable	NOUN
gujaf-78	157	4	appears	appear	VERB
gujaf-78	157	5	to	to	PART
gujaf-78	157	6	be	be	AUX
gujaf-78	157	7	moving	move	VERB
gujaf-78	157	8	in	in	ADP
gujaf-78	157	9	the	the	DET
gujaf-78	157	10	opposite	opposite	ADJ
gujaf-78	157	11	direction	direction	NOUN
gujaf-78	157	12	of	of	ADP
gujaf-78	157	13	the	the	DET
gujaf-78	157	14	roa	roa	NOUN
gujaf-78	157	15	.	.	PUNCT
gujaf-78	158	1	instown	instown	NOUN
gujaf-78	158	2	and	and	CCONJ
gujaf-78	158	3	owncon	owncon	NOUN
gujaf-78	158	4	,	,	PUNCT
gujaf-78	158	5	on	on	ADP
gujaf-78	158	6	the	the	DET
gujaf-78	158	7	other	other	ADJ
gujaf-78	158	8	hand	hand	NOUN
gujaf-78	158	9	,	,	PUNCT
gujaf-78	158	10	have	have	VERB
gujaf-78	158	11	a	a	DET
gujaf-78	158	12	negative	negative	ADJ
gujaf-78	158	13	correlation	correlation	NOUN
gujaf-78	158	14	with	with	ADP
gujaf-78	158	15	roa	roa	PROPN
gujaf-78	158	16	,	,	PUNCT
gujaf-78	158	17	indicating	indicate	VERB
gujaf-78	158	18	that	that	SCONJ
gujaf-78	158	19	the	the	DET
gujaf-78	158	20	variables	variable	NOUN
gujaf-78	158	21	are	be	AUX
gujaf-78	158	22	moving	move	VERB
gujaf-78	158	23	in	in	ADP
gujaf-78	158	24	the	the	DET
gujaf-78	158	25	same	same	ADJ
gujaf-78	158	26	direction	direction	NOUN
gujaf-78	158	27	as	as	ADP
gujaf-78	158	28	roa	roa	PROPN
gujaf-78	158	29	.	.	PUNCT
gujaf-78	159	1	in	in	ADP
gujaf-78	159	2	terms	term	NOUN
gujaf-78	159	3	of	of	ADP
gujaf-78	159	4	correlation	correlation	NOUN
gujaf-78	159	5	,	,	PUNCT
gujaf-78	159	6	the	the	DET
gujaf-78	159	7	table	table	NOUN
gujaf-78	159	8	shows	show	VERB
gujaf-78	159	9	a	a	DET
gujaf-78	159	10	positive	positive	ADJ
gujaf-78	159	11	correlation	correlation	NOUN
gujaf-78	159	12	between	between	ADP
gujaf-78	159	13	mown	mown	NOUN
gujaf-78	159	14	,	,	PUNCT
gujaf-78	159	15	intown	intown	NOUN
gujaf-78	159	16	,	,	PUNCT
gujaf-78	159	17	and	and	CCONJ
gujaf-78	159	18	owncon	owncon	NOUN
gujaf-78	159	19	,	,	PUNCT
gujaf-78	159	20	but	but	CCONJ
gujaf-78	159	21	a	a	DET
gujaf-78	159	22	negative	negative	ADJ
gujaf-78	159	23	correlation	correlation	NOUN
gujaf-78	159	24	between	between	ADP
gujaf-78	159	25	ownership	ownership	NOUN
gujaf-78	159	26	concentrations	concentration	NOUN
gujaf-78	159	27	.	.	PUNCT
gujaf-78	160	1	residual	residual	ADJ
gujaf-78	160	2	tests	test	NOUN
gujaf-78	160	3	the	the	DET
gujaf-78	160	4	breach	breach	NOUN
gujaf-78	160	5	pagan	pagan	VERB
gujaf-78	160	6	/	/	SYM
gujaf-78	160	7	cook	cook	PROPN
gujaf-78	160	8	-	-	PUNCT
gujaf-78	160	9	weisberg	weisberg	PROPN
gujaf-78	160	10	test	test	NOUN
gujaf-78	160	11	was	be	AUX
gujaf-78	160	12	used	use	VERB
gujaf-78	160	13	to	to	PART
gujaf-78	160	14	determine	determine	VERB
gujaf-78	160	15	whether	whether	SCONJ
gujaf-78	160	16	there	there	PRON
gujaf-78	160	17	was	be	VERB
gujaf-78	160	18	heteroskedasticity	heteroskedasticity	NOUN
gujaf-78	160	19	in	in	ADP
gujaf-78	160	20	this	this	DET
gujaf-78	160	21	study	study	NOUN
gujaf-78	160	22	.	.	PUNCT
gujaf-78	161	1	because	because	SCONJ
gujaf-78	161	2	the	the	DET
gujaf-78	161	3	chi2	chi2	NOUN
gujaf-78	161	4	value	value	NOUN
gujaf-78	161	5	of	of	ADP
gujaf-78	161	6	2.31	2.31	NUM
gujaf-78	161	7	with	with	ADP
gujaf-78	161	8	a	a	DET
gujaf-78	161	9	p	p	NOUN
gujaf-78	161	10	-	-	PUNCT
gujaf-78	161	11	value	value	NOUN
gujaf-78	161	12	of	of	ADP
gujaf-78	161	13	0.1285	0.1285	NUM
gujaf-78	161	14	indicates	indicate	VERB
gujaf-78	161	15	that	that	SCONJ
gujaf-78	161	16	there	there	PRON
gujaf-78	161	17	is	be	VERB
gujaf-78	161	18	no	no	DET
gujaf-78	161	19	heteroskedasticity	heteroskedasticity	NOUN
gujaf-78	161	20	,	,	PUNCT
gujaf-78	161	21	the	the	DET
gujaf-78	161	22	null	null	ADJ
gujaf-78	161	23	hypothesis	hypothesis	NOUN
gujaf-78	161	24	that	that	PRON
gujaf-78	161	25	the	the	DET
gujaf-78	161	26	residual	residual	ADJ
gujaf-78	161	27	variance	variance	NOUN
gujaf-78	161	28	is	be	AUX
gujaf-78	161	29	constant	constant	ADJ
gujaf-78	161	30	(	(	PUNCT
gujaf-78	161	31	homoscedastic	homoscedastic	ADJ
gujaf-78	161	32	)	)	PUNCT
gujaf-78	161	33	is	be	AUX
gujaf-78	161	34	not	not	PART
gujaf-78	161	35	rejected	reject	VERB
gujaf-78	161	36	.	.	PUNCT
gujaf-78	162	1	the	the	DET
gujaf-78	162	2	researchers	researcher	NOUN
gujaf-78	162	3	used	use	VERB
gujaf-78	162	4	a	a	DET
gujaf-78	162	5	multicollinearity	multicollinearity	NOUN
gujaf-78	162	6	test	test	NOUN
gujaf-78	162	7	to	to	PART
gujaf-78	162	8	determine	determine	VERB
gujaf-78	162	9	the	the	DET
gujaf-78	162	10	strength	strength	NOUN
gujaf-78	162	11	of	of	ADP
gujaf-78	162	12	the	the	DET
gujaf-78	162	13	relationship	relationship	NOUN
gujaf-78	162	14	between	between	ADP
gujaf-78	162	15	the	the	DET
gujaf-78	162	16	explanatory	explanatory	ADJ
gujaf-78	162	17	variables	variable	NOUN
gujaf-78	162	18	,	,	PUNCT
gujaf-78	162	19	which	which	PRON
gujaf-78	162	20	could	could	AUX
gujaf-78	162	21	have	have	VERB
gujaf-78	162	22	an	an	DET
gujaf-78	162	23	impact	impact	NOUN
gujaf-78	162	24	on	on	ADP
gujaf-78	162	25	the	the	DET
gujaf-78	162	26	study	study	NOUN
gujaf-78	162	27	's	's	PART
gujaf-78	162	28	outcome	outcome	NOUN
gujaf-78	162	29	.	.	PUNCT
gujaf-78	163	1	all	all	PRON
gujaf-78	163	2	of	of	ADP
gujaf-78	163	3	the	the	DET
gujaf-78	163	4	variables	variable	NOUN
gujaf-78	163	5	have	have	VERB
gujaf-78	163	6	tolerance	tolerance	NOUN
gujaf-78	163	7	values	value	NOUN
gujaf-78	163	8	greater	great	ADJ
gujaf-78	163	9	than	than	ADP
gujaf-78	163	10	0.10	0.10	NUM
gujaf-78	163	11	and	and	CCONJ
gujaf-78	163	12	values	value	NOUN
gujaf-78	163	13	less	less	ADJ
gujaf-78	163	14	than	than	ADP
gujaf-78	163	15	10	10	NUM
gujaf-78	163	16	.	.	PUNCT
gujaf-78	164	1	this	this	PRON
gujaf-78	164	2	demonstrates	demonstrate	VERB
gujaf-78	164	3	that	that	SCONJ
gujaf-78	164	4	multicollinearity	multicollinearity	NOUN
gujaf-78	164	5	is	be	AUX
gujaf-78	164	6	not	not	PART
gujaf-78	164	7	a	a	DET
gujaf-78	164	8	problem	problem	NOUN
gujaf-78	164	9	.	.	PUNCT
gujaf-78	165	1	the	the	DET
gujaf-78	165	2	hausman	hausman	PROPN
gujaf-78	165	3	speciation	speciation	NOUN
gujaf-78	165	4	test	test	NOUN
gujaf-78	165	5	was	be	AUX
gujaf-78	165	6	used	use	VERB
gujaf-78	165	7	to	to	PART
gujaf-78	165	8	determine	determine	VERB
gujaf-78	165	9	whether	whether	SCONJ
gujaf-78	165	10	fixed	fix	VERB
gujaf-78	165	11	or	or	CCONJ
gujaf-78	165	12	random	random	ADJ
gujaf-78	165	13	effect	effect	NOUN
gujaf-78	165	14	models	model	NOUN
gujaf-78	165	15	should	should	AUX
gujaf-78	165	16	be	be	AUX
gujaf-78	165	17	used	use	VERB
gujaf-78	165	18	.	.	PUNCT
gujaf-78	166	1	chi2	chi2	NOUN
gujaf-78	166	2	value	value	NOUN
gujaf-78	166	3	is	be	AUX
gujaf-78	166	4	0.16	0.16	NUM
gujaf-78	166	5	and	and	CCONJ
gujaf-78	166	6	the	the	DET
gujaf-78	166	7	prob	prob	PROPN
gujaf-78	166	8	>	>	PROPN
gujaf-78	166	9	chi	chi	ADJ
gujaf-78	166	10	09954	09954	NUM
gujaf-78	166	11	value	value	NOUN
gujaf-78	166	12	is	be	AUX
gujaf-78	166	13	revealed	reveal	VERB
gujaf-78	166	14	by	by	ADP
gujaf-78	166	15	the	the	DET
gujaf-78	166	16	hausman	hausman	PROPN
gujaf-78	166	17	test	test	NOUN
gujaf-78	166	18	.	.	PUNCT
gujaf-78	167	1	the	the	DET
gujaf-78	167	2	hausman	hausman	PROPN
gujaf-78	167	3	test	test	NOUN
gujaf-78	167	4	favors	favor	VERB
gujaf-78	167	5	the	the	DET
gujaf-78	167	6	random	random	ADJ
gujaf-78	167	7	effect	effect	NOUN
gujaf-78	167	8	model	model	NOUN
gujaf-78	167	9	due	due	ADP
gujaf-78	167	10	to	to	ADP
gujaf-78	167	11	the	the	DET
gujaf-78	167	12	insignificant	insignificant	ADJ
gujaf-78	167	13	value	value	NOUN
gujaf-78	167	14	reported	report	VERB
gujaf-78	167	15	by	by	ADP
gujaf-78	167	16	the	the	DET
gujaf-78	167	17	probability	probability	NOUN
gujaf-78	167	18	of	of	ADP
gujaf-78	167	19	chi2	chi2	NOUN
gujaf-78	167	20	.	.	PUNCT
gujaf-78	168	1	to	to	PART
gujaf-78	168	2	choose	choose	VERB
gujaf-78	168	3	between	between	ADP
gujaf-78	168	4	the	the	DET
gujaf-78	168	5	random	random	ADJ
gujaf-78	168	6	effect	effect	NOUN
gujaf-78	168	7	result	result	NOUN
gujaf-78	168	8	and	and	CCONJ
gujaf-78	168	9	ols	ol	NOUN
gujaf-78	168	10	regression	regression	NOUN
gujaf-78	168	11	,	,	PUNCT
gujaf-78	168	12	the	the	DET
gujaf-78	168	13	breusch	breusch	NOUN
gujaf-78	168	14	and	and	CCONJ
gujaf-78	168	15	pagan	pagan	VERB
gujaf-78	168	16	lagrangian	lagrangian	ADJ
gujaf-78	168	17	multiplier	multipli	ADJ
gujaf-78	168	18	test	test	NOUN
gujaf-78	168	19	for	for	ADP
gujaf-78	168	20	random	random	ADJ
gujaf-78	168	21	effect	effect	NOUN
gujaf-78	168	22	was	be	AUX
gujaf-78	168	23	used	use	VERB
gujaf-78	168	24	.	.	PUNCT
gujaf-78	169	1	a	a	DET
gujaf-78	169	2	chi2	chi2	NOUN
gujaf-78	169	3	of	of	ADP
gujaf-78	169	4	0.000	0.000	NUM
gujaf-78	169	5	and	and	CCONJ
gujaf-78	169	6	a	a	DET
gujaf-78	169	7	p	p	NOUN
gujaf-78	169	8	-	-	PUNCT
gujaf-78	169	9	value	value	NOUN
gujaf-78	169	10	of	of	ADP
gujaf-78	169	11	1.000	1.000	NUM
gujaf-78	169	12	were	be	AUX
gujaf-78	169	13	obtained	obtain	VERB
gujaf-78	169	14	from	from	ADP
gujaf-78	169	15	the	the	DET
gujaf-78	169	16	test	test	NOUN
gujaf-78	169	17	.	.	PUNCT
gujaf-78	170	1	this	this	PRON
gujaf-78	170	2	indicates	indicate	VERB
gujaf-78	170	3	that	that	SCONJ
gujaf-78	170	4	the	the	DET
gujaf-78	170	5	ols	ols	PROPN
gujaf-78	170	6	regression	regression	NOUN
gujaf-78	170	7	model	model	NOUN
gujaf-78	170	8	is	be	AUX
gujaf-78	170	9	the	the	DET
gujaf-78	170	10	best	good	ADJ
gujaf-78	170	11	fit	fit	NOUN
gujaf-78	170	12	for	for	ADP
gujaf-78	170	13	this	this	DET
gujaf-78	170	14	study	study	NOUN
gujaf-78	170	15	's	's	PART
gujaf-78	170	16	interpretation	interpretation	NOUN
gujaf-78	170	17	.	.	PUNCT
gujaf-78	171	1	the	the	DET
gujaf-78	171	2	ols	ols	PROPN
gujaf-78	171	3	regression	regression	PROPN
gujaf-78	171	4	model	model	NOUN
gujaf-78	171	5	's	's	PART
gujaf-78	171	6	result	result	NOUN
gujaf-78	171	7	is	be	AUX
gujaf-78	171	8	shown	show	VERB
gujaf-78	171	9	in	in	ADP
gujaf-78	171	10	table	table	NOUN
gujaf-78	171	11	4	4	NUM
gujaf-78	171	12	below	below	ADV
gujaf-78	171	13	.	.	PUNCT
gujaf-78	172	1	table	table	NOUN
gujaf-78	172	2	4	4	NUM
gujaf-78	172	3	:	:	PUNCT
gujaf-78	172	4	regression	regression	NOUN
gujaf-78	172	5	result	result	VERB
gujaf-78	172	6	variable	variable	ADJ
gujaf-78	172	7	coefficient	coefficient	NOUN
gujaf-78	172	8	std	std	NOUN
gujaf-78	172	9	.	.	PUNCT
gujaf-78	173	1	error	error	NOUN
gujaf-78	173	2	z	z	NOUN
gujaf-78	173	3	-	-	PUNCT
gujaf-78	173	4	value	value	NOUN
gujaf-78	173	5	p>(z	p>(z	NOUN
gujaf-78	173	6	)	)	PUNCT
gujaf-78	173	7	mown	mown	NOUN
gujaf-78	173	8	-.0275645	-.0275645	PUNCT
gujaf-78	173	9	.0323079	.0323079	NOUN
gujaf-78	173	10	-0.85	-0.85	NOUN
gujaf-78	173	11	0.394	0.394	NUM
gujaf-78	173	12	instown	instown	NOUN
gujaf-78	173	13	.0066688	.0066688	NOUN
gujaf-78	173	14	.002777	.002777	PROPN
gujaf-78	173	15	2.40	2.40	NUM
gujaf-78	173	16	0.017	0.017	NUM
gujaf-78	173	17	owncon	owncon	NOUN
gujaf-78	173	18	-.0174789	-.0174789	PUNCT
gujaf-78	173	19	.0104115	.0104115	PROPN
gujaf-78	173	20	-1.68	-1.68	NUM
gujaf-78	173	21	0.094	0.094	NUM
gujaf-78	173	22	constant	constant	ADJ
gujaf-78	173	23	.7354418	.7354418	PROPN
gujaf-78	173	24	.0309728	.0309728	PROPN
gujaf-78	174	1	23.74	23.74	NUM
gujaf-78	174	2	0.000	0.000	NUM
gujaf-78	174	3	source	source	NOUN
gujaf-78	174	4	:	:	PUNCT
gujaf-78	174	5	author	author	NOUN
gujaf-78	174	6	’s	’s	PART
gujaf-78	174	7	computation	computation	NOUN
gujaf-78	174	8	,	,	PUNCT
gujaf-78	174	9	2021	2021	NUM
gujaf-78	174	10	adjusted	adjust	VERB
gujaf-78	174	11	r	r	NOUN
gujaf-78	174	12	-	-	ADJ
gujaf-78	174	13	square	square	ADJ
gujaf-78	174	14	:	:	PUNCT
gujaf-78	174	15	0.1700	0.1700	NUM
gujaf-78	174	16	prob	prob	NOUN
gujaf-78	174	17	.	.	PUNCT
gujaf-78	174	18	:	:	PUNCT
gujaf-78	175	1	0.0010	0.0010	NUM
gujaf-78	175	2	gusau	gusau	ADJ
gujaf-78	175	3	journal	journal	NOUN
gujaf-78	175	4	of	of	ADP
gujaf-78	175	5	accounting	accounting	NOUN
gujaf-78	175	6	and	and	CCONJ
gujaf-78	175	7	finance	finance	NOUN
gujaf-78	175	8	,	,	PUNCT
gujaf-78	175	9	vol	vol	NOUN
gujaf-78	175	10	.	.	PROPN
gujaf-78	175	11	2	2	NUM
gujaf-78	175	12	,	,	PUNCT
gujaf-78	175	13	issue	issue	NOUN
gujaf-78	175	14	3	3	NUM
gujaf-78	175	15	,	,	PUNCT
gujaf-78	175	16	april	april	PROPN
gujaf-78	175	17	,	,	PUNCT
gujaf-78	175	18	2021	2021	NUM
gujaf-78	175	19	10	10	NUM
gujaf-78	175	20	the	the	DET
gujaf-78	175	21	adjusted	adjusted	ADJ
gujaf-78	175	22	r2	r2	NOUN
gujaf-78	175	23	of	of	ADP
gujaf-78	175	24	0.1700	0.1700	NUM
gujaf-78	175	25	in	in	ADP
gujaf-78	175	26	table	table	NOUN
gujaf-78	175	27	4	4	NUM
gujaf-78	175	28	indicates	indicate	VERB
gujaf-78	175	29	that	that	SCONJ
gujaf-78	175	30	the	the	DET
gujaf-78	175	31	independent	independent	ADJ
gujaf-78	175	32	variables	variable	NOUN
gujaf-78	175	33	captured	capture	VERB
gujaf-78	175	34	in	in	ADP
gujaf-78	175	35	the	the	DET
gujaf-78	175	36	model	model	NOUN
gujaf-78	175	37	explained	explain	VERB
gujaf-78	175	38	17	17	NUM
gujaf-78	175	39	percent	percent	NOUN
gujaf-78	175	40	of	of	ADP
gujaf-78	175	41	the	the	DET
gujaf-78	175	42	variation	variation	NOUN
gujaf-78	175	43	in	in	ADP
gujaf-78	175	44	roa	roa	NOUN
gujaf-78	175	45	of	of	ADP
gujaf-78	175	46	listed	list	VERB
gujaf-78	175	47	manufacturing	manufacturing	NOUN
gujaf-78	175	48	firms	firm	NOUN
gujaf-78	175	49	in	in	ADP
gujaf-78	175	50	nigeria	nigeria	PROPN
gujaf-78	175	51	,	,	PUNCT
gujaf-78	175	52	with	with	ADP
gujaf-78	175	53	a	a	DET
gujaf-78	175	54	p	p	NOUN
gujaf-78	175	55	-	-	PUNCT
gujaf-78	175	56	value	value	NOUN
gujaf-78	175	57	of	of	ADP
gujaf-78	175	58	0.0010	0.0010	NUM
gujaf-78	175	59	indicating	indicate	VERB
gujaf-78	175	60	that	that	SCONJ
gujaf-78	175	61	it	it	PRON
gujaf-78	175	62	is	be	AUX
gujaf-78	175	63	significant	significant	ADJ
gujaf-78	175	64	at	at	ADP
gujaf-78	175	65	1	1	NUM
gujaf-78	175	66	%	%	NOUN
gujaf-78	175	67	.	.	PUNCT
gujaf-78	176	1	this	this	PRON
gujaf-78	176	2	suggests	suggest	VERB
gujaf-78	176	3	that	that	SCONJ
gujaf-78	176	4	the	the	DET
gujaf-78	176	5	model	model	NOUN
gujaf-78	176	6	is	be	AUX
gujaf-78	176	7	suitable	suitable	ADJ
gujaf-78	176	8	.	.	PUNCT
gujaf-78	177	1	findings	finding	NOUN
gujaf-78	177	2	table	table	NOUN
gujaf-78	177	3	4	4	NUM
gujaf-78	177	4	demonstrates	demonstrate	VERB
gujaf-78	177	5	that	that	SCONJ
gujaf-78	177	6	the	the	DET
gujaf-78	177	7	ownership	ownership	NOUN
gujaf-78	177	8	structure	structure	NOUN
gujaf-78	177	9	has	have	VERB
gujaf-78	177	10	no	no	DET
gujaf-78	177	11	significant	significant	ADJ
gujaf-78	177	12	impact	impact	NOUN
gujaf-78	177	13	on	on	ADP
gujaf-78	177	14	roa	roa	PROPN
gujaf-78	177	15	.	.	PUNCT
gujaf-78	178	1	shareholders	shareholder	NOUN
gujaf-78	178	2	are	be	AUX
gujaf-78	178	3	unable	unable	ADJ
gujaf-78	178	4	to	to	PART
gujaf-78	178	5	monitor	monitor	VERB
gujaf-78	178	6	or	or	CCONJ
gujaf-78	178	7	influence	influence	VERB
gujaf-78	178	8	decision	decision	NOUN
gujaf-78	178	9	-	-	PUNCT
gujaf-78	178	10	making	making	NOUN
gujaf-78	178	11	as	as	ADP
gujaf-78	178	12	a	a	DET
gujaf-78	178	13	result	result	NOUN
gujaf-78	178	14	of	of	ADP
gujaf-78	178	15	their	their	PRON
gujaf-78	178	16	passive	passive	ADJ
gujaf-78	178	17	role	role	NOUN
gujaf-78	178	18	in	in	ADP
gujaf-78	178	19	monitoring	monitor	VERB
gujaf-78	178	20	managers	manager	NOUN
gujaf-78	178	21	,	,	PUNCT
gujaf-78	178	22	resulting	result	VERB
gujaf-78	178	23	in	in	ADP
gujaf-78	178	24	a	a	DET
gujaf-78	178	25	negligible	negligible	ADJ
gujaf-78	178	26	impact	impact	NOUN
gujaf-78	178	27	on	on	ADP
gujaf-78	178	28	the	the	DET
gujaf-78	178	29	roe	roe	NOUN
gujaf-78	178	30	of	of	ADP
gujaf-78	178	31	listed	list	VERB
gujaf-78	178	32	manufacturing	manufacturing	NOUN
gujaf-78	178	33	firms	firm	NOUN
gujaf-78	178	34	in	in	ADP
gujaf-78	178	35	nigeria	nigeria	PROPN
gujaf-78	178	36	was	be	AUX
gujaf-78	178	37	in	in	ADP
gujaf-78	178	38	contrast	contrast	NOUN
gujaf-78	178	39	to	to	ADP
gujaf-78	178	40	the	the	DET
gujaf-78	178	41	works	work	NOUN
gujaf-78	178	42	of	of	ADP
gujaf-78	178	43	(	(	PUNCT
gujaf-78	178	44	ibrahim	ibrahim	PROPN
gujaf-78	178	45	,	,	PUNCT
gujaf-78	178	46	2016	2016	NUM
gujaf-78	178	47	)	)	PUNCT
gujaf-78	178	48	and	and	CCONJ
gujaf-78	178	49	(	(	PUNCT
gujaf-78	178	50	yahaya	yahaya	PROPN
gujaf-78	178	51	&	&	CCONJ
gujaf-78	178	52	lawal	lawal	PROPN
gujaf-78	178	53	,	,	PUNCT
gujaf-78	178	54	2018	2018	NUM
gujaf-78	178	55	)	)	PUNCT
gujaf-78	178	56	;	;	PUNCT
gujaf-78	178	57	almujamed	almujame	VERB
gujaf-78	178	58	,	,	PUNCT
gujaf-78	178	59	(	(	PUNCT
gujaf-78	178	60	2016	2016	NUM
gujaf-78	178	61	)	)	PUNCT
gujaf-78	178	62	.	.	PUNCT
gujaf-78	179	1	this	this	PRON
gujaf-78	179	2	is	be	AUX
gujaf-78	179	3	in	in	ADP
gujaf-78	179	4	line	line	NOUN
gujaf-78	179	5	with	with	ADP
gujaf-78	179	6	yahaya	yahaya	PROPN
gujaf-78	179	7	&	&	CCONJ
gujaf-78	179	8	lawal	lawal	PROPN
gujaf-78	179	9	,	,	PUNCT
gujaf-78	179	10	(	(	PUNCT
gujaf-78	179	11	2018	2018	NUM
gujaf-78	179	12	)	)	PUNCT
gujaf-78	179	13	;	;	PUNCT
gujaf-78	179	14	almujamed	almujame	VERB
gujaf-78	179	15	,	,	PUNCT
gujaf-78	179	16	(	(	PUNCT
gujaf-78	179	17	2016	2016	NUM
gujaf-78	179	18	)	)	PUNCT
gujaf-78	179	19	findings	finding	NOUN
gujaf-78	179	20	(	(	PUNCT
gujaf-78	179	21	riau	riau	NOUN
gujaf-78	179	22	,	,	PUNCT
gujaf-78	179	23	2017	2017	NUM
gujaf-78	179	24	)	)	PUNCT
gujaf-78	179	25	.	.	PUNCT
gujaf-78	180	1	furthermore	furthermore	ADV
gujaf-78	180	2	,	,	PUNCT
gujaf-78	180	3	concentrated	concentrated	ADJ
gujaf-78	180	4	ownership	ownership	NOUN
gujaf-78	180	5	has	have	VERB
gujaf-78	180	6	no	no	DET
gujaf-78	180	7	effect	effect	NOUN
gujaf-78	180	8	on	on	ADP
gujaf-78	180	9	roa	roa	PROPN
gujaf-78	180	10	.	.	PUNCT
gujaf-78	181	1	this	this	PRON
gujaf-78	181	2	means	mean	VERB
gujaf-78	181	3	that	that	SCONJ
gujaf-78	181	4	roa	roa	NOUN
gujaf-78	181	5	is	be	AUX
gujaf-78	181	6	not	not	PART
gujaf-78	181	7	affected	affect	VERB
gujaf-78	181	8	by	by	ADP
gujaf-78	181	9	ownership	ownership	NOUN
gujaf-78	181	10	concentration	concentration	NOUN
gujaf-78	181	11	.	.	PUNCT
gujaf-78	182	1	this	this	PRON
gujaf-78	182	2	is	be	AUX
gujaf-78	182	3	in	in	ADP
gujaf-78	182	4	line	line	NOUN
gujaf-78	182	5	with	with	ADP
gujaf-78	182	6	ibrahim	ibrahim	PROPN
gujaf-78	182	7	(	(	PUNCT
gujaf-78	182	8	2016	2016	NUM
gujaf-78	182	9	)	)	PUNCT
gujaf-78	182	10	and	and	CCONJ
gujaf-78	182	11	nenu	nenu	PROPN
gujaf-78	182	12	&	&	CCONJ
gujaf-78	182	13	vintil	vintil	PROPN
gujaf-78	182	14	(	(	PUNCT
gujaf-78	182	15	2018	2018	NUM
gujaf-78	182	16	)	)	PUNCT
gujaf-78	182	17	,	,	PUNCT
gujaf-78	182	18	but	but	CCONJ
gujaf-78	182	19	it	it	PRON
gujaf-78	182	20	contradicts	contradict	VERB
gujaf-78	182	21	the	the	DET
gujaf-78	182	22	findings	finding	NOUN
gujaf-78	182	23	of	of	ADP
gujaf-78	182	24	ibrahim	ibrahim	PROPN
gujaf-78	182	25	(	(	PUNCT
gujaf-78	182	26	2016	2016	NUM
gujaf-78	182	27	)	)	PUNCT
gujaf-78	182	28	and	and	CCONJ
gujaf-78	182	29	nenu	nenu	PROPN
gujaf-78	182	30	&	&	CCONJ
gujaf-78	182	31	vintil	vintil	PROPN
gujaf-78	182	32	(	(	PUNCT
gujaf-78	182	33	2018	2018	NUM
gujaf-78	182	34	)	)	PUNCT
gujaf-78	182	35	.	.	PUNCT
gujaf-78	183	1	(	(	PUNCT
gujaf-78	183	2	riau	riau	NOUN
gujaf-78	183	3	,	,	PUNCT
gujaf-78	183	4	2017	2017	NUM
gujaf-78	183	5	)	)	PUNCT
gujaf-78	183	6	.	.	PUNCT
gujaf-78	184	1	on	on	ADP
gujaf-78	184	2	the	the	DET
gujaf-78	184	3	other	other	ADJ
gujaf-78	184	4	hand	hand	NOUN
gujaf-78	184	5	,	,	PUNCT
gujaf-78	184	6	institutional	institutional	ADJ
gujaf-78	184	7	ownership	ownership	NOUN
gujaf-78	184	8	contemporaneous	contemporaneous	ADJ
gujaf-78	184	9	value	value	NOUN
gujaf-78	184	10	has	have	VERB
gujaf-78	184	11	a	a	DET
gujaf-78	184	12	significant	significant	ADJ
gujaf-78	184	13	positive	positive	ADJ
gujaf-78	184	14	impact	impact	NOUN
gujaf-78	184	15	on	on	ADP
gujaf-78	184	16	roa	roa	PROPN
gujaf-78	184	17	.	.	PUNCT
gujaf-78	185	1	institutional	institutional	ADJ
gujaf-78	185	2	shareholders	shareholder	NOUN
gujaf-78	185	3	may	may	AUX
gujaf-78	185	4	compel	compel	VERB
gujaf-78	185	5	management	management	NOUN
gujaf-78	185	6	to	to	PART
gujaf-78	185	7	improve	improve	VERB
gujaf-78	185	8	performance	performance	NOUN
gujaf-78	185	9	because	because	SCONJ
gujaf-78	185	10	of	of	ADP
gujaf-78	185	11	their	their	PRON
gujaf-78	185	12	ability	ability	NOUN
gujaf-78	185	13	to	to	PART
gujaf-78	185	14	influence	influence	VERB
gujaf-78	185	15	board	board	NOUN
gujaf-78	185	16	decisions	decision	NOUN
gujaf-78	185	17	,	,	PUNCT
gujaf-78	185	18	absorb	absorb	VERB
gujaf-78	185	19	the	the	DET
gujaf-78	185	20	cost	cost	NOUN
gujaf-78	185	21	of	of	ADP
gujaf-78	185	22	effective	effective	ADJ
gujaf-78	185	23	monitoring	monitoring	NOUN
gujaf-78	185	24	,	,	PUNCT
gujaf-78	185	25	and	and	CCONJ
gujaf-78	185	26	engage	engage	VERB
gujaf-78	185	27	in	in	ADP
gujaf-78	185	28	active	active	ADJ
gujaf-78	185	29	ownership	ownership	NOUN
gujaf-78	185	30	.	.	PUNCT
gujaf-78	186	1	ibrahim	ibrahim	PROPN
gujaf-78	186	2	,	,	PUNCT
gujaf-78	186	3	(	(	PUNCT
gujaf-78	186	4	2016	2016	NUM
gujaf-78	186	5	;	;	PUNCT
gujaf-78	186	6	adamu	adamu	PROPN
gujaf-78	186	7	,	,	PUNCT
gujaf-78	186	8	2017	2017	NUM
gujaf-78	186	9	;	;	PUNCT
gujaf-78	186	10	nenu	nenu	PROPN
gujaf-78	186	11	&	&	CCONJ
gujaf-78	186	12	vintil	vintil	PROPN
gujaf-78	186	13	,	,	PUNCT
gujaf-78	186	14	2018	2018	NUM
gujaf-78	186	15	)	)	PUNCT
gujaf-78	186	16	on	on	ADP
gujaf-78	186	17	the	the	DET
gujaf-78	186	18	other	other	ADJ
gujaf-78	186	19	hand	hand	NOUN
gujaf-78	186	20	opine	opine	VERB
gujaf-78	186	21	that	that	SCONJ
gujaf-78	186	22	,	,	PUNCT
gujaf-78	186	23	managerial	managerial	ADJ
gujaf-78	186	24	ownership	ownership	NOUN
gujaf-78	186	25	has	have	VERB
gujaf-78	186	26	no	no	DET
gujaf-78	186	27	bearing	bearing	NOUN
gujaf-78	186	28	on	on	ADP
gujaf-78	186	29	roa	roa	PROPN
gujaf-78	186	30	.	.	PUNCT
gujaf-78	187	1	this	this	PRON
gujaf-78	187	2	means	mean	VERB
gujaf-78	187	3	that	that	SCONJ
gujaf-78	187	4	managerial	managerial	ADJ
gujaf-78	187	5	ownership	ownership	NOUN
gujaf-78	187	6	has	have	VERB
gujaf-78	187	7	no	no	DET
gujaf-78	187	8	bearing	bearing	NOUN
gujaf-78	187	9	on	on	ADP
gujaf-78	187	10	the	the	DET
gujaf-78	187	11	roa	roa	NOUN
gujaf-78	187	12	of	of	ADP
gujaf-78	187	13	nigerian	nigerian	PROPN
gujaf-78	187	14	publicly	publicly	ADV
gujaf-78	187	15	traded	trade	VERB
gujaf-78	187	16	companies	company	NOUN
gujaf-78	187	17	.	.	PUNCT
gujaf-78	188	1	it	it	PRON
gujaf-78	188	2	could	could	AUX
gujaf-78	188	3	be	be	AUX
gujaf-78	188	4	due	due	ADJ
gujaf-78	188	5	to	to	ADP
gujaf-78	188	6	a	a	DET
gujaf-78	188	7	lack	lack	NOUN
gujaf-78	188	8	of	of	ADP
gujaf-78	188	9	motivation	motivation	NOUN
gujaf-78	188	10	on	on	ADP
gujaf-78	188	11	the	the	DET
gujaf-78	188	12	part	part	NOUN
gujaf-78	188	13	of	of	ADP
gujaf-78	188	14	the	the	DET
gujaf-78	188	15	organization	organization	NOUN
gujaf-78	188	16	's	's	PART
gujaf-78	188	17	managers	manager	NOUN
gujaf-78	188	18	or	or	CCONJ
gujaf-78	188	19	a	a	DET
gujaf-78	188	20	sense	sense	NOUN
gujaf-78	188	21	of	of	ADP
gujaf-78	188	22	belonging	belong	VERB
gujaf-78	188	23	to	to	ADP
gujaf-78	188	24	the	the	DET
gujaf-78	188	25	company	company	NOUN
gujaf-78	188	26	's	's	PART
gujaf-78	188	27	success	success	NOUN
gujaf-78	188	28	.	.	PUNCT
gujaf-78	189	1	this	this	PRON
gujaf-78	189	2	is	be	AUX
gujaf-78	189	3	in	in	ADP
gujaf-78	189	4	line	line	NOUN
gujaf-78	189	5	with	with	ADP
gujaf-78	189	6	kyereboah	kyereboah	PROPN
gujaf-78	189	7	-	-	PUNCT
gujaf-78	189	8	coleman	coleman	PROPN
gujaf-78	189	9	&	&	CCONJ
gujaf-78	189	10	biekpe	biekpe	PROPN
gujaf-78	189	11	,	,	PUNCT
gujaf-78	189	12	(	(	PUNCT
gujaf-78	189	13	2006	2006	NUM
gujaf-78	189	14	)	)	PUNCT
gujaf-78	189	15	findings	finding	NOUN
gujaf-78	189	16	,	,	PUNCT
gujaf-78	189	17	but	but	CCONJ
gujaf-78	189	18	it	it	PRON
gujaf-78	189	19	contradicts	contradict	VERB
gujaf-78	189	20	ibrahim	ibrahim	PROPN
gujaf-78	189	21	's	's	PART
gujaf-78	189	22	work	work	NOUN
gujaf-78	189	23	(	(	PUNCT
gujaf-78	189	24	2016	2016	NUM
gujaf-78	189	25	)	)	PUNCT
gujaf-78	189	26	.	.	PUNCT
gujaf-78	190	1	similarly	similarly	ADV
gujaf-78	190	2	,	,	PUNCT
gujaf-78	190	3	for	for	ADP
gujaf-78	190	4	control	control	NOUN
gujaf-78	190	5	variables	variable	NOUN
gujaf-78	190	6	,	,	PUNCT
gujaf-78	190	7	lagged	lag	VERB
gujaf-78	190	8	size	size	NOUN
gujaf-78	190	9	is	be	AUX
gujaf-78	190	10	found	find	VERB
gujaf-78	190	11	to	to	PART
gujaf-78	190	12	have	have	VERB
gujaf-78	190	13	a	a	DET
gujaf-78	190	14	negative	negative	ADJ
gujaf-78	190	15	impact	impact	NOUN
gujaf-78	190	16	on	on	ADP
gujaf-78	190	17	roa	roa	PROPN
gujaf-78	190	18	,	,	PUNCT
gujaf-78	190	19	whereas	whereas	SCONJ
gujaf-78	190	20	lagged	lag	VERB
gujaf-78	190	21	growth	growth	NOUN
gujaf-78	190	22	ratio	ratio	NOUN
gujaf-78	190	23	has	have	VERB
gujaf-78	190	24	a	a	DET
gujaf-78	190	25	positive	positive	ADJ
gujaf-78	190	26	impact	impact	NOUN
gujaf-78	190	27	.	.	PUNCT
gujaf-78	191	1	this	this	PRON
gujaf-78	191	2	supports	support	VERB
gujaf-78	191	3	parupalli	parupalli	PROPN
gujaf-78	191	4	's	's	PART
gujaf-78	191	5	(	(	PUNCT
gujaf-78	191	6	2017	2017	NUM
gujaf-78	191	7	)	)	PUNCT
gujaf-78	191	8	findings	finding	NOUN
gujaf-78	191	9	that	that	SCONJ
gujaf-78	191	10	previous	previous	ADJ
gujaf-78	191	11	growth	growth	NOUN
gujaf-78	191	12	prospects	prospect	NOUN
gujaf-78	191	13	in	in	ADP
gujaf-78	191	14	nigeria	nigeria	PROPN
gujaf-78	191	15	's	's	PART
gujaf-78	191	16	manufacturing	manufacturing	NOUN
gujaf-78	191	17	sectors	sector	NOUN
gujaf-78	191	18	have	have	VERB
gujaf-78	191	19	an	an	DET
gujaf-78	191	20	impact	impact	NOUN
gujaf-78	191	21	on	on	ADP
gujaf-78	191	22	current	current	ADJ
gujaf-78	191	23	firm	firm	ADJ
gujaf-78	191	24	profitability	profitability	NOUN
gujaf-78	191	25	5	5	NUM
gujaf-78	191	26	.	.	PUNCT
gujaf-78	192	1	conclusions	conclusion	NOUN
gujaf-78	192	2	the	the	DET
gujaf-78	192	3	impact	impact	NOUN
gujaf-78	192	4	of	of	ADP
gujaf-78	192	5	firm	firm	ADJ
gujaf-78	192	6	ownership	ownership	NOUN
gujaf-78	192	7	structure	structure	NOUN
gujaf-78	192	8	on	on	ADP
gujaf-78	192	9	financial	financial	ADJ
gujaf-78	192	10	performance	performance	NOUN
gujaf-78	192	11	of	of	ADP
gujaf-78	192	12	listed	list	VERB
gujaf-78	192	13	manufacturing	manufacturing	NOUN
gujaf-78	192	14	firms	firm	NOUN
gujaf-78	192	15	in	in	ADP
gujaf-78	192	16	nigeria	nigeria	PROPN
gujaf-78	192	17	has	have	AUX
gujaf-78	192	18	piqued	pique	VERB
gujaf-78	192	19	interest	interest	NOUN
gujaf-78	192	20	in	in	ADP
gujaf-78	192	21	the	the	DET
gujaf-78	192	22	corporate	corporate	ADJ
gujaf-78	192	23	finance	finance	NOUN
gujaf-78	192	24	literature	literature	NOUN
gujaf-78	192	25	.	.	PUNCT
gujaf-78	193	1	there	there	PRON
gujaf-78	193	2	are	be	VERB
gujaf-78	193	3	five	five	NUM
gujaf-78	193	4	sections	section	NOUN
gujaf-78	193	5	to	to	ADP
gujaf-78	193	6	this	this	DET
gujaf-78	193	7	paper	paper	NOUN
gujaf-78	193	8	.	.	PUNCT
gujaf-78	194	1	the	the	DET
gujaf-78	194	2	study	study	NOUN
gujaf-78	194	3	's	's	PART
gujaf-78	194	4	background	background	NOUN
gujaf-78	194	5	was	be	AUX
gujaf-78	194	6	followed	follow	VERB
gujaf-78	194	7	by	by	ADP
gujaf-78	194	8	the	the	DET
gujaf-78	194	9	formulation	formulation	NOUN
gujaf-78	194	10	of	of	ADP
gujaf-78	194	11	three	three	NUM
gujaf-78	194	12	objectives	objective	NOUN
gujaf-78	194	13	,	,	PUNCT
gujaf-78	194	14	which	which	PRON
gujaf-78	194	15	were	be	AUX
gujaf-78	194	16	guided	guide	VERB
gujaf-78	194	17	by	by	ADP
gujaf-78	194	18	the	the	DET
gujaf-78	194	19	formulation	formulation	NOUN
gujaf-78	194	20	of	of	ADP
gujaf-78	194	21	three	three	NUM
gujaf-78	194	22	research	research	NOUN
gujaf-78	194	23	hypotheses	hypothesis	NOUN
gujaf-78	194	24	.	.	PUNCT
gujaf-78	195	1	according	accord	VERB
gujaf-78	195	2	to	to	ADP
gujaf-78	195	3	the	the	DET
gujaf-78	195	4	research	research	NOUN
gujaf-78	195	5	statement	statement	NOUN
gujaf-78	195	6	,	,	PUNCT
gujaf-78	195	7	as	as	ADP
gujaf-78	195	8	a	a	DET
gujaf-78	195	9	result	result	NOUN
gujaf-78	195	10	of	of	ADP
gujaf-78	195	11	the	the	DET
gujaf-78	195	12	large	large	ADJ
gujaf-78	195	13	number	number	NOUN
gujaf-78	195	14	of	of	ADP
gujaf-78	195	15	studies	study	NOUN
gujaf-78	195	16	on	on	ADP
gujaf-78	195	17	ownership	ownership	NOUN
gujaf-78	195	18	structure	structure	NOUN
gujaf-78	195	19	and	and	CCONJ
gujaf-78	195	20	firm	firm	ADJ
gujaf-78	195	21	financial	financial	ADJ
gujaf-78	195	22	performance	performance	NOUN
gujaf-78	195	23	in	in	ADP
gujaf-78	195	24	nigeria	nigeria	PROPN
gujaf-78	195	25	,	,	PUNCT
gujaf-78	195	26	the	the	DET
gujaf-78	195	27	majority	majority	NOUN
gujaf-78	195	28	of	of	ADP
gujaf-78	195	29	the	the	DET
gujaf-78	195	30	studies	study	NOUN
gujaf-78	195	31	focused	focus	VERB
gujaf-78	195	32	on	on	ADP
gujaf-78	195	33	the	the	DET
gujaf-78	195	34	financial	financial	ADJ
gujaf-78	195	35	sector	sector	NOUN
gujaf-78	195	36	,	,	PUNCT
gujaf-78	195	37	which	which	PRON
gujaf-78	195	38	is	be	AUX
gujaf-78	195	39	a	a	DET
gujaf-78	195	40	service	service	NOUN
gujaf-78	195	41	-	-	PUNCT
gujaf-78	195	42	oriented	orient	VERB
gujaf-78	195	43	sector	sector	NOUN
gujaf-78	195	44	.	.	PUNCT
gujaf-78	196	1	the	the	DET
gujaf-78	196	2	purpose	purpose	NOUN
gujaf-78	196	3	of	of	ADP
gujaf-78	196	4	this	this	DET
gujaf-78	196	5	study	study	NOUN
gujaf-78	196	6	is	be	AUX
gujaf-78	196	7	to	to	PART
gujaf-78	196	8	see	see	VERB
gujaf-78	196	9	if	if	SCONJ
gujaf-78	196	10	the	the	DET
gujaf-78	196	11	results	result	NOUN
gujaf-78	196	12	of	of	ADP
gujaf-78	196	13	other	other	ADJ
gujaf-78	196	14	financial	financial	ADJ
gujaf-78	196	15	studies	study	NOUN
gujaf-78	196	16	differ	differ	VERB
gujaf-78	196	17	from	from	ADP
gujaf-78	196	18	those	those	PRON
gujaf-78	196	19	of	of	ADP
gujaf-78	196	20	the	the	DET
gujaf-78	196	21	public	public	ADJ
gujaf-78	196	22	listed	list	VERB
gujaf-78	196	23	manufacturing	manufacturing	NOUN
gujaf-78	196	24	sector	sector	NOUN
gujaf-78	196	25	.	.	PUNCT
gujaf-78	197	1	the	the	DET
gujaf-78	197	2	study	study	NOUN
gujaf-78	197	3	concludes	conclude	VERB
gujaf-78	197	4	that	that	SCONJ
gujaf-78	197	5	,	,	PUNCT
gujaf-78	197	6	institutional	institutional	ADJ
gujaf-78	197	7	ownership	ownership	NOUN
gujaf-78	197	8	has	have	VERB
gujaf-78	197	9	a	a	DET
gujaf-78	197	10	positive	positive	ADJ
gujaf-78	197	11	and	and	CCONJ
gujaf-78	197	12	significant	significant	ADJ
gujaf-78	197	13	impact	impact	NOUN
gujaf-78	197	14	on	on	ADP
gujaf-78	197	15	the	the	DET
gujaf-78	197	16	financial	financial	ADJ
gujaf-78	197	17	performance	performance	NOUN
gujaf-78	197	18	of	of	ADP
gujaf-78	197	19	nigeria	nigeria	PROPN
gujaf-78	197	20	's	's	PART
gujaf-78	197	21	listed	list	VERB
gujaf-78	197	22	manufacturing	manufacturing	NOUN
gujaf-78	197	23	firms	firm	NOUN
gujaf-78	197	24	in	in	ADP
gujaf-78	197	25	nigeria	nigeria	PROPN
gujaf-78	197	26	as	as	ADP
gujaf-78	197	27	the	the	DET
gujaf-78	197	28	financial	financial	ADJ
gujaf-78	197	29	performance	performance	NOUN
gujaf-78	197	30	of	of	ADP
gujaf-78	197	31	a	a	DET
gujaf-78	197	32	company	company	NOUN
gujaf-78	197	33	with	with	ADP
gujaf-78	197	34	another	another	DET
gujaf-78	197	35	owner	owner	NOUN
gujaf-78	197	36	has	have	VERB
gujaf-78	197	37	a	a	DET
gujaf-78	197	38	negligible	negligible	ADJ
gujaf-78	197	39	impact	impact	NOUN
gujaf-78	197	40	.	.	PUNCT
gujaf-78	198	1	institutional	institutional	ADJ
gujaf-78	198	2	shareholders	shareholder	NOUN
gujaf-78	198	3	should	should	AUX
gujaf-78	198	4	continue	continue	VERB
gujaf-78	198	5	to	to	PART
gujaf-78	198	6	use	use	VERB
gujaf-78	198	7	their	their	PRON
gujaf-78	198	8	power	power	NOUN
gujaf-78	198	9	,	,	PUNCT
gujaf-78	198	10	resources	resource	NOUN
gujaf-78	198	11	,	,	PUNCT
gujaf-78	198	12	and	and	CCONJ
gujaf-78	198	13	expertise	expertise	NOUN
gujaf-78	198	14	to	to	PART
gujaf-78	198	15	exert	exert	VERB
gujaf-78	198	16	control	control	NOUN
gujaf-78	198	17	over	over	ADP
gujaf-78	198	18	management	management	NOUN
gujaf-78	198	19	abuses	abuse	NOUN
gujaf-78	198	20	of	of	ADP
gujaf-78	198	21	power	power	NOUN
gujaf-78	198	22	that	that	PRON
gujaf-78	198	23	can	can	AUX
gujaf-78	198	24	negatively	negatively	ADV
gujaf-78	198	25	impact	impact	VERB
gujaf-78	198	26	the	the	DET
gujaf-78	198	27	firm	firm	NOUN
gujaf-78	198	28	's	's	PART
gujaf-78	198	29	performance	performance	NOUN
gujaf-78	198	30	.	.	PUNCT
gujaf-78	199	1	as	as	ADP
gujaf-78	199	2	a	a	DET
gujaf-78	199	3	result	result	NOUN
gujaf-78	199	4	of	of	ADP
gujaf-78	199	5	the	the	DET
gujaf-78	199	6	study	study	NOUN
gujaf-78	199	7	's	's	PART
gujaf-78	199	8	findings	finding	NOUN
gujaf-78	199	9	,	,	PUNCT
gujaf-78	199	10	the	the	DET
gujaf-78	199	11	following	follow	VERB
gujaf-78	199	12	suggestions	suggestion	NOUN
gujaf-78	199	13	are	be	AUX
gujaf-78	199	14	made	make	VERB
gujaf-78	199	15	:	:	PUNCT
gujaf-78	199	16	i.	i.	NOUN
gujaf-78	199	17	the	the	DET
gujaf-78	199	18	government	government	NOUN
gujaf-78	199	19	should	should	AUX
gujaf-78	199	20	pursue	pursue	VERB
gujaf-78	199	21	a	a	DET
gujaf-78	199	22	policy	policy	NOUN
gujaf-78	199	23	that	that	PRON
gujaf-78	199	24	encourages	encourage	VERB
gujaf-78	199	25	foreign	foreign	ADJ
gujaf-78	199	26	direct	direct	ADJ
gujaf-78	199	27	investment	investment	NOUN
gujaf-78	199	28	in	in	ADP
gujaf-78	199	29	nigeria	nigeria	PROPN
gujaf-78	199	30	aggressively	aggressively	ADV
gujaf-78	199	31	.	.	PUNCT
gujaf-78	200	1	gusau	gusau	PROPN
gujaf-78	200	2	journal	journal	PROPN
gujaf-78	200	3	of	of	ADP
gujaf-78	200	4	accounting	accounting	NOUN
gujaf-78	200	5	and	and	CCONJ
gujaf-78	200	6	finance	finance	NOUN
gujaf-78	200	7	,	,	PUNCT
gujaf-78	200	8	vol	vol	NOUN
gujaf-78	200	9	.	.	PROPN
gujaf-78	200	10	2	2	NUM
gujaf-78	200	11	,	,	PUNCT
gujaf-78	200	12	issue	issue	NOUN
gujaf-78	200	13	3	3	NUM
gujaf-78	200	14	,	,	PUNCT
gujaf-78	200	15	april	april	PROPN
gujaf-78	200	16	,	,	PUNCT
gujaf-78	200	17	2021	2021	NUM
gujaf-78	200	18	11	11	NUM
gujaf-78	200	19	ii	ii	NOUN
gujaf-78	200	20	.	.	PUNCT
gujaf-78	201	1	the	the	DET
gujaf-78	201	2	regulatory	regulatory	ADJ
gujaf-78	201	3	agency	agency	NOUN
gujaf-78	201	4	,	,	PUNCT
gujaf-78	201	5	the	the	DET
gujaf-78	201	6	nse	nse	NOUN
gujaf-78	201	7	,	,	PUNCT
gujaf-78	201	8	is	be	AUX
gujaf-78	201	9	required	require	VERB
gujaf-78	201	10	to	to	PART
gujaf-78	201	11	continue	continue	VERB
gujaf-78	201	12	administering	administer	VERB
gujaf-78	201	13	and	and	CCONJ
gujaf-78	201	14	motivating	motivate	VERB
gujaf-78	201	15	companies	company	NOUN
gujaf-78	201	16	to	to	PART
gujaf-78	201	17	follow	follow	VERB
gujaf-78	201	18	the	the	DET
gujaf-78	201	19	corporate	corporate	ADJ
gujaf-78	201	20	governance	governance	NOUN
gujaf-78	201	21	rules	rule	NOUN
gujaf-78	201	22	for	for	ADP
gujaf-78	201	23	manufacturing	manufacture	VERB
gujaf-78	201	24	companies	company	NOUN
gujaf-78	201	25	.	.	PUNCT
gujaf-78	202	1	more	more	ADJ
gujaf-78	202	2	rules	rule	NOUN
gujaf-78	202	3	and	and	CCONJ
gujaf-78	202	4	regulations	regulation	NOUN
gujaf-78	202	5	can	can	AUX
gujaf-78	202	6	be	be	AUX
gujaf-78	202	7	enacted	enact	VERB
gujaf-78	202	8	to	to	PART
gujaf-78	202	9	ensure	ensure	VERB
gujaf-78	202	10	that	that	SCONJ
gujaf-78	202	11	manufacturing	manufacturing	NOUN
gujaf-78	202	12	companies	company	NOUN
gujaf-78	202	13	maintain	maintain	VERB
gujaf-78	202	14	the	the	DET
gujaf-78	202	15	trust	trust	NOUN
gujaf-78	202	16	of	of	ADP
gujaf-78	202	17	their	their	PRON
gujaf-78	202	18	shareholders	shareholder	NOUN
gujaf-78	202	19	and	and	CCONJ
gujaf-78	202	20	customers	customer	NOUN
gujaf-78	202	21	.	.	PUNCT
gujaf-78	203	1	iii	iii	X
gujaf-78	203	2	.	.	PUNCT
gujaf-78	204	1	nigerian	nigerian	ADJ
gujaf-78	204	2	investors	investor	NOUN
gujaf-78	204	3	should	should	AUX
gujaf-78	204	4	take	take	VERB
gujaf-78	204	5	corporate	corporate	ADJ
gujaf-78	204	6	governance	governance	NOUN
gujaf-78	204	7	more	more	ADV
gujaf-78	204	8	seriously	seriously	ADV
gujaf-78	204	9	,	,	PUNCT
gujaf-78	204	10	not	not	PART
gujaf-78	204	11	just	just	ADV
gujaf-78	204	12	because	because	SCONJ
gujaf-78	204	13	it	it	PRON
gujaf-78	204	14	is	be	AUX
gujaf-78	204	15	a	a	DET
gujaf-78	204	16	legal	legal	ADJ
gujaf-78	204	17	requirement	requirement	NOUN
gujaf-78	204	18	,	,	PUNCT
gujaf-78	204	19	but	but	CCONJ
gujaf-78	204	20	because	because	SCONJ
gujaf-78	204	21	it	it	PRON
gujaf-78	204	22	is	be	AUX
gujaf-78	204	23	a	a	DET
gujaf-78	204	24	matter	matter	NOUN
gujaf-78	204	25	of	of	ADP
gujaf-78	204	26	proper	proper	ADJ
gujaf-78	204	27	understanding	understanding	NOUN
gujaf-78	204	28	of	of	ADP
gujaf-78	204	29	its	its	PRON
gujaf-78	204	30	importance	importance	NOUN
gujaf-78	204	31	.	.	PUNCT
gujaf-78	205	1	references	reference	NOUN
gujaf-78	205	2	adamu	adamu	PROPN
gujaf-78	205	3	,	,	PUNCT
gujaf-78	205	4	a.	a.	PROPN
gujaf-78	205	5	i.	i.	PROPN
gujaf-78	205	6	,	,	PUNCT
gujaf-78	205	7	ishak	ishak	PROPN
gujaf-78	205	8	,	,	PUNCT
gujaf-78	205	9	r.	r.	PROPN
gujaf-78	205	10	b.	b.	PROPN
gujaf-78	205	11	,	,	PUNCT
gujaf-78	205	12	&	&	CCONJ
gujaf-78	205	13	chandren	chandren	PROPN
gujaf-78	205	14	,	,	PUNCT
gujaf-78	205	15	s.	s.	PROPN
gujaf-78	205	16	a.	a.	PROPN
gujaf-78	205	17	(	(	PUNCT
gujaf-78	205	18	2017	2017	NUM
gujaf-78	205	19	)	)	PUNCT
gujaf-78	205	20	.	.	PUNCT
gujaf-78	206	1	the	the	DET
gujaf-78	206	2	effect	effect	NOUN
gujaf-78	206	3	of	of	ADP
gujaf-78	206	4	board	board	NOUN
gujaf-78	206	5	attributes	attribute	VERB
gujaf-78	206	6	on	on	ADP
gujaf-78	206	7	real	real	ADJ
gujaf-78	206	8	earnings	earning	NOUN
gujaf-78	206	9	management	management	NOUN
gujaf-78	206	10	in	in	ADP
gujaf-78	206	11	nigerian	nigerian	ADJ
gujaf-78	206	12	financial	financial	ADJ
gujaf-78	206	13	institutions	institution	NOUN
gujaf-78	206	14	.	.	PUNCT
gujaf-78	207	1	journal	journal	PROPN
gujaf-78	207	2	of	of	ADP
gujaf-78	207	3	accounting	accounting	NOUN
gujaf-78	207	4	,	,	PUNCT
gujaf-78	207	5	business	business	NOUN
gujaf-78	207	6	and	and	CCONJ
gujaf-78	207	7	finance	finance	NOUN
gujaf-78	207	8	research	research	NOUN
gujaf-78	207	9	,	,	PUNCT
gujaf-78	207	10	1(1	1(1	NUM
gujaf-78	207	11	)	)	PUNCT
gujaf-78	207	12	,	,	PUNCT
gujaf-78	207	13	76–83	76–83	NUM
gujaf-78	207	14	.	.	PUNCT
gujaf-78	208	1	https://doi.org/10.20448/2002.11.76.83	https://doi.org/10.20448/2002.11.76.83	ADJ
gujaf-78	208	2	alhaji	alhaji	NOUN
gujaf-78	208	3	,	,	PUNCT
gujaf-78	208	4	s.	s.	PROPN
gujaf-78	208	5	(	(	PUNCT
gujaf-78	208	6	2018	2018	NUM
gujaf-78	208	7	)	)	PUNCT
gujaf-78	208	8	.	.	PUNCT
gujaf-78	209	1	managerial	managerial	ADJ
gujaf-78	209	2	ownership	ownership	NOUN
gujaf-78	209	3	and	and	CCONJ
gujaf-78	209	4	financial	financial	ADJ
gujaf-78	209	5	performance	performance	NOUN
gujaf-78	209	6	of	of	ADP
gujaf-78	209	7	listed	list	VERB
gujaf-78	209	8	manufacturing	manufacturing	NOUN
gujaf-78	209	9	firms	firm	NOUN
gujaf-78	209	10	in	in	ADP
gujaf-78	209	11	nigeria	nigeria	PROPN
gujaf-78	209	12	managerial	managerial	ADJ
gujaf-78	209	13	ownership	ownership	NOUN
gujaf-78	209	14	and	and	CCONJ
gujaf-78	209	15	financial	financial	ADJ
gujaf-78	209	16	performance	performance	NOUN
gujaf-78	209	17	of	of	ADP
gujaf-78	209	18	listed	list	VERB
gujaf-78	209	19	manufacturing	manufacturing	NOUN
gujaf-78	209	20	firms	firm	NOUN
gujaf-78	209	21	in	in	ADP
gujaf-78	209	22	nigeria	nigeria	PROPN
gujaf-78	209	23	.	.	PUNCT
gujaf-78	210	1	8(9	8(9	NUM
gujaf-78	210	2	)	)	PUNCT
gujaf-78	210	3	,	,	PUNCT
gujaf-78	211	1	1227–1243	1227–1243	NUM
gujaf-78	211	2	.	.	PUNCT
gujaf-78	212	1	https://doi.org/10.6007/ijarbss/v8i9/4693	https://doi.org/10.6007/ijarbss/v8i9/4693	PROPN
gujaf-78	212	2	benjamin	benjamin	PROPN
gujaf-78	212	3	,	,	PUNCT
gujaf-78	212	4	k.	k.	PROPN
gujaf-78	212	5	,	,	PUNCT
gujaf-78	212	6	love	love	NOUN
gujaf-78	212	7	,	,	PUNCT
gujaf-78	212	8	o.	o.	PROPN
gujaf-78	212	9	,	,	PUNCT
gujaf-78	212	10	&	&	CCONJ
gujaf-78	212	11	kabiru	kabiru	PROPN
gujaf-78	212	12	,	,	PUNCT
gujaf-78	212	13	i.	i.	PROPN
gujaf-78	212	14	(	(	PUNCT
gujaf-78	212	15	2014	2014	NUM
gujaf-78	212	16	)	)	PUNCT
gujaf-78	212	17	.	.	PUNCT
gujaf-78	213	1	impact	impact	NOUN
gujaf-78	213	2	of	of	ADP
gujaf-78	213	3	ownership	ownership	NOUN
gujaf-78	213	4	structure	structure	NOUN
gujaf-78	213	5	on	on	ADP
gujaf-78	213	6	the	the	DET
gujaf-78	213	7	financial	financial	ADJ
gujaf-78	213	8	performance	performance	NOUN
gujaf-78	213	9	of	of	ADP
gujaf-78	213	10	listed	list	VERB
gujaf-78	213	11	insurance	insurance	NOUN
gujaf-78	213	12	firms	firm	NOUN
gujaf-78	213	13	in	in	ADP
gujaf-78	213	14	nigeria	nigeria	PROPN
gujaf-78	213	15	.	.	PUNCT
gujaf-78	214	1	international	international	ADJ
gujaf-78	214	2	journal	journal	PROPN
gujaf-78	214	3	of	of	ADP
gujaf-78	214	4	academic	academic	ADJ
gujaf-78	214	5	research	research	NOUN
gujaf-78	214	6	in	in	ADP
gujaf-78	214	7	accounting	accounting	NOUN
gujaf-78	214	8	,	,	PUNCT
gujaf-78	214	9	finance	finance	NOUN
gujaf-78	214	10	and	and	CCONJ
gujaf-78	214	11	management	management	NOUN
gujaf-78	214	12	sciences	science	NOUN
gujaf-78	214	13	,	,	PUNCT
gujaf-78	214	14	4(1	4(1	NOUN
gujaf-78	214	15	)	)	PUNCT
gujaf-78	214	16	,	,	PUNCT
gujaf-78	214	17	406–416	406–416	NUM
gujaf-78	214	18	.	.	PUNCT
gujaf-78	215	1	chechet	chechet	PROPN
gujaf-78	215	2	,	,	PUNCT
gujaf-78	215	3	i.	i.	PROPN
gujaf-78	215	4	l.	l.	PROPN
gujaf-78	215	5	(	(	PUNCT
gujaf-78	215	6	2014	2014	NUM
gujaf-78	215	7	)	)	PUNCT
gujaf-78	215	8	.	.	PUNCT
gujaf-78	216	1	capital	capital	NOUN
gujaf-78	216	2	structure	structure	NOUN
gujaf-78	216	3	and	and	CCONJ
gujaf-78	216	4	profitability	profitability	NOUN
gujaf-78	216	5	of	of	ADP
gujaf-78	216	6	nigerian	nigerian	ADJ
gujaf-78	216	7	quoted	quote	VERB
gujaf-78	216	8	firms	firm	NOUN
gujaf-78	216	9	 	 	SPACE
gujaf-78	216	10	:	:	PUNCT
gujaf-78	216	11	the	the	DET
gujaf-78	216	12	agency	agency	NOUN
gujaf-78	216	13	cost	cost	NOUN
gujaf-78	216	14	theory	theory	NOUN
gujaf-78	216	15	perspective	perspective	NOUN
gujaf-78	216	16	.	.	PUNCT
gujaf-78	217	1	3(1	3(1	NUM
gujaf-78	217	2	)	)	PUNCT
gujaf-78	217	3	,	,	PUNCT
gujaf-78	217	4	139–158	139–158	NUM
gujaf-78	217	5	.	.	PUNCT
gujaf-78	218	1	delong	delong	PROPN
gujaf-78	218	2	,	,	PUNCT
gujaf-78	218	3	g.	g.	PROPN
gujaf-78	218	4	l.	l.	PROPN
gujaf-78	218	5	(	(	PUNCT
gujaf-78	218	6	2019	2019	NUM
gujaf-78	218	7	)	)	PUNCT
gujaf-78	218	8	.	.	PUNCT
gujaf-78	219	1	stockholder	stockholder	NOUN
gujaf-78	219	2	gains	gain	NOUN
gujaf-78	219	3	from	from	ADP
gujaf-78	219	4	focusing	focus	VERB
gujaf-78	219	5	versus	versus	ADP
gujaf-78	219	6	diversifying	diversify	VERB
gujaf-78	219	7	bank	bank	NOUN
gujaf-78	219	8	mergers	merger	NOUN
gujaf-78	219	9	.	.	PUNCT
gujaf-78	220	1	journal	journal	NOUN
gujaf-78	220	2	of	of	ADP
gujaf-78	220	3	financial	financial	ADJ
gujaf-78	220	4	economics	economic	NOUN
gujaf-78	220	5	,	,	PUNCT
gujaf-78	220	6	59(2	59(2	NUM
gujaf-78	220	7	)	)	PUNCT
gujaf-78	220	8	,	,	PUNCT
gujaf-78	220	9	221–252	221–252	NUM
gujaf-78	220	10	.	.	PUNCT
gujaf-78	221	1	https://doi.org/10.1016/s0304405x(00)00086-6	https://doi.org/10.1016/s0304405x(00)00086-6	NOUN
gujaf-78	221	2	elder	elder	NOUN
gujaf-78	221	3	,	,	PUNCT
gujaf-78	221	4	r.	r.	PROPN
gujaf-78	221	5	j.	j.	PROPN
gujaf-78	221	6	(	(	PUNCT
gujaf-78	221	7	2019	2019	NUM
gujaf-78	221	8	)	)	PUNCT
gujaf-78	221	9	.	.	PUNCT
gujaf-78	222	1	audit	audit	NOUN
gujaf-78	222	2	firm	firm	ADJ
gujaf-78	222	3	size	size	NOUN
gujaf-78	222	4	,	,	PUNCT
gujaf-78	222	5	industry	industry	NOUN
gujaf-78	222	6	specialization	specialization	NOUN
gujaf-78	222	7	and	and	CCONJ
gujaf-78	222	8	earnings	earning	NOUN
gujaf-78	222	9	management	management	NOUN
gujaf-78	222	10	by	by	ADP
gujaf-78	222	11	initial	initial	ADJ
gujaf-78	222	12	public	public	ADJ
gujaf-78	222	13	offering	offering	NOUN
gujaf-78	222	14	firms	firm	NOUN
gujaf-78	222	15	audit	audit	VERB
gujaf-78	222	16	firm	firm	ADJ
gujaf-78	222	17	size	size	NOUN
gujaf-78	222	18	,	,	PUNCT
gujaf-78	222	19	industry	industry	NOUN
gujaf-78	222	20	specialization	specialization	NOUN
gujaf-78	222	21	and	and	CCONJ
gujaf-78	222	22	earnings	earning	NOUN
gujaf-78	222	23	management	management	NOUN
gujaf-78	222	24	by	by	ADP
gujaf-78	222	25	initial	initial	ADJ
gujaf-78	222	26	public	public	ADJ
gujaf-78	222	27	offering	offering	NOUN
gujaf-78	222	28	firms	firm	NOUN
gujaf-78	222	29	jian	jian	PROPN
gujaf-78	222	30	zhou	zhou	PROPN
gujaf-78	222	31	assistant	assistant	PROPN
gujaf-78	222	32	professor	professor	NOUN
gujaf-78	222	33	of	of	ADP
gujaf-78	222	34	accounting	accounting	NOUN
gujaf-78	222	35	school	school	NOUN
gujaf-78	222	36	of	of	ADP
gujaf-78	222	37	man	man	NOUN
gujaf-78	222	38	.	.	PUNCT
gujaf-78	223	1	(	(	PUNCT
gujaf-78	223	2	may	may	NOUN
gujaf-78	223	3	2014	2014	NUM
gujaf-78	223	4	)	)	PUNCT
gujaf-78	223	5	.	.	PUNCT
gujaf-78	224	1	fabian	fabian	PROPN
gujaf-78	224	2	,	,	PUNCT
gujaf-78	224	3	e.	e.	PROPN
gujaf-78	224	4	,	,	PUNCT
gujaf-78	224	5	james	james	PROPN
gujaf-78	224	6	,	,	PUNCT
gujaf-78	224	7	k.	k.	PROPN
gujaf-78	224	8	,	,	PUNCT
gujaf-78	224	9	&	&	CCONJ
gujaf-78	224	10	moshi	moshi	PROPN
gujaf-78	224	11	,	,	PUNCT
gujaf-78	224	12	j.	j.	PROPN
gujaf-78	224	13	(	(	PUNCT
gujaf-78	224	14	2014	2014	NUM
gujaf-78	224	15	)	)	PUNCT
gujaf-78	224	16	.	.	PUNCT
gujaf-78	225	1	capital	capital	NOUN
gujaf-78	225	2	structure	structure	NOUN
gujaf-78	225	3	and	and	CCONJ
gujaf-78	225	4	firm	firm	ADJ
gujaf-78	225	5	performance	performance	NOUN
gujaf-78	225	6	 	 	SPACE
gujaf-78	225	7	:	:	PUNCT
gujaf-78	225	8	evidences	evidence	NOUN
gujaf-78	225	9	from	from	ADP
gujaf-78	225	10	commercial	commercial	ADJ
gujaf-78	225	11	banks	bank	NOUN
gujaf-78	225	12	in	in	ADP
gujaf-78	225	13	tanzania	tanzania	PROPN
gujaf-78	225	14	.	.	PUNCT
gujaf-78	226	1	5(14	5(14	NUM
gujaf-78	226	2	)	)	PUNCT
gujaf-78	226	3	,	,	PUNCT
gujaf-78	226	4	168–179	168–179	NUM
gujaf-78	226	5	.	.	PUNCT
gujaf-78	227	1	fosberg	fosberg	PROPN
gujaf-78	227	2	.	.	PUNCT
gujaf-78	228	1	(	(	PUNCT
gujaf-78	228	2	2015	2015	NUM
gujaf-78	228	3	)	)	PUNCT
gujaf-78	228	4	.	.	PUNCT
gujaf-78	229	1	outside	outside	ADJ
gujaf-78	229	2	directors	director	NOUN
gujaf-78	229	3	and	and	CCONJ
gujaf-78	229	4	managerial	managerial	ADJ
gujaf-78	229	5	monitoring	monitoring	NOUN
gujaf-78	229	6	of	of	ADP
gujaf-78	229	7	an	an	DET
gujaf-78	229	8	organization	organization	NOUN
gujaf-78	229	9	.	.	PUNCT
gujaf-78	230	1	akron	akron	PROPN
gujaf-78	230	2	business	business	PROPN
gujaf-78	230	3	and	and	CCONJ
gujaf-78	230	4	economic	economic	ADJ
gujaf-78	230	5	review	review	NOUN
gujaf-78	230	6	,	,	PUNCT
gujaf-78	230	7	20(2	20(2	NUM
gujaf-78	230	8	)	)	PUNCT
gujaf-78	230	9	,	,	PUNCT
gujaf-78	230	10	24	24	NUM
gujaf-78	230	11	.	.	PUNCT
gujaf-78	230	12	gleason	gleason	PROPN
gujaf-78	230	13	,	,	PUNCT
gujaf-78	230	14	k.	k.	PROPN
gujaf-78	230	15	c.	c.	PROPN
gujaf-78	230	16	,	,	PUNCT
gujaf-78	230	17	mathur	mathur	PROPN
gujaf-78	230	18	,	,	PUNCT
gujaf-78	230	19	l.	l.	PROPN
gujaf-78	230	20	k.	k.	PROPN
gujaf-78	230	21	,	,	PUNCT
gujaf-78	230	22	&	&	CCONJ
gujaf-78	230	23	mathur	mathur	PROPN
gujaf-78	230	24	,	,	PUNCT
gujaf-78	230	25	i.	i.	PROPN
gujaf-78	230	26	(	(	PUNCT
gujaf-78	230	27	2017	2017	NUM
gujaf-78	230	28	)	)	PUNCT
gujaf-78	230	29	.	.	PUNCT
gujaf-78	231	1	the	the	DET
gujaf-78	231	2	interrelationship	interrelationship	NOUN
gujaf-78	231	3	between	between	ADP
gujaf-78	231	4	culture	culture	NOUN
gujaf-78	231	5	,	,	PUNCT
gujaf-78	231	6	capital	capital	NOUN
gujaf-78	231	7	structure	structure	NOUN
gujaf-78	231	8	,	,	PUNCT
gujaf-78	231	9	and	and	CCONJ
gujaf-78	231	10	performance	performance	NOUN
gujaf-78	231	11	:	:	PUNCT
gujaf-78	231	12	evidence	evidence	NOUN
gujaf-78	231	13	from	from	ADP
gujaf-78	231	14	european	european	ADJ
gujaf-78	231	15	retailers	retailer	NOUN
gujaf-78	231	16	.	.	PUNCT
gujaf-78	232	1	journal	journal	NOUN
gujaf-78	232	2	of	of	ADP
gujaf-78	232	3	business	business	NOUN
gujaf-78	232	4	research	research	NOUN
gujaf-78	232	5	,	,	PUNCT
gujaf-78	232	6	50(2	50(2	NUM
gujaf-78	232	7	)	)	PUNCT
gujaf-78	232	8	,	,	PUNCT
gujaf-78	232	9	185–191	185–191	NUM
gujaf-78	232	10	.	.	PUNCT
gujaf-78	232	11	hafez	hafez	PROPN
gujaf-78	232	12	,	,	PUNCT
gujaf-78	232	13	h.	h.	PROPN
gujaf-78	232	14	m.	m.	PROPN
gujaf-78	232	15	(	(	PUNCT
gujaf-78	232	16	2017	2017	NUM
gujaf-78	232	17	)	)	PUNCT
gujaf-78	232	18	.	.	PUNCT
gujaf-78	233	1	corporate	corporate	ADJ
gujaf-78	233	2	governance	governance	NOUN
gujaf-78	233	3	practices	practice	NOUN
gujaf-78	233	4	and	and	CCONJ
gujaf-78	233	5	firm	firm	ADJ
gujaf-78	233	6	’	'	PUNCT
gujaf-78	233	7	s	s	PART
gujaf-78	233	8	capital	capital	NOUN
gujaf-78	233	9	structure	structure	NOUN
gujaf-78	233	10	decisions	decision	NOUN
gujaf-78	233	11	 	 	SPACE
gujaf-78	233	12	:	:	PUNCT
gujaf-78	233	13	an	an	DET
gujaf-78	233	14	empirical	empirical	ADJ
gujaf-78	233	15	evidence	evidence	NOUN
gujaf-78	233	16	of	of	ADP
gujaf-78	233	17	an	an	DET
gujaf-78	233	18	emerging	emerge	VERB
gujaf-78	233	19	economy	economy	NOUN
gujaf-78	233	20	.	.	PUNCT
gujaf-78	234	1	6(4	6(4	NUM
gujaf-78	234	2	)	)	PUNCT
gujaf-78	234	3	,	,	PUNCT
gujaf-78	235	1	115–129	115–129	NUM
gujaf-78	235	2	.	.	PUNCT
gujaf-78	236	1	https://doi.org/10.5430/afr.v6n4p115	https://doi.org/10.5430/afr.v6n4p115	PROPN
gujaf-78	236	2	jaffar	jaffar	PROPN
gujaf-78	236	3	,	,	PUNCT
gujaf-78	236	4	r.	r.	PROPN
gujaf-78	236	5	(	(	PUNCT
gujaf-78	236	6	2019	2019	NUM
gujaf-78	236	7	)	)	PUNCT
gujaf-78	236	8	.	.	PUNCT
gujaf-78	237	1	the	the	DET
gujaf-78	237	2	effect	effect	NOUN
gujaf-78	237	3	of	of	ADP
gujaf-78	237	4	corporate	corporate	ADJ
gujaf-78	237	5	governance	governance	NOUN
gujaf-78	237	6	and	and	CCONJ
gujaf-78	237	7	capital	capital	NOUN
gujaf-78	237	8	structure	structure	NOUN
gujaf-78	237	9	on	on	ADP
gujaf-78	237	10	dividend	dividend	NOUN
gujaf-78	237	11	payment	payment	NOUN
gujaf-78	237	12	 	 	SPACE
gujaf-78	237	13	:	:	PUNCT
gujaf-78	237	14	evidence	evidence	NOUN
gujaf-78	237	15	from	from	ADP
gujaf-78	237	16	malaysia	malaysia	PROPN
gujaf-78	237	17	2	2	NUM
gujaf-78	237	18	literature	literature	NOUN
gujaf-78	237	19	review	review	NOUN
gujaf-78	237	20	and	and	CCONJ
gujaf-78	237	21	hypothesis	hypothesis	NOUN
gujaf-78	237	22	.	.	PUNCT
gujaf-78	238	1	75–80	75–80	PROPN
gujaf-78	238	2	.	.	PUNCT
gujaf-78	239	1	jensen	jensen	PROPN
gujaf-78	239	2	&	&	PROPN
gujaf-78	239	3	,	,	PUNCT
gujaf-78	239	4	&	&	CCONJ
gujaf-78	239	5	meckling	meckling	PROPN
gujaf-78	239	6	.	.	PUNCT
gujaf-78	240	1	(	(	PUNCT
gujaf-78	240	2	1976	1976	NUM
gujaf-78	240	3	)	)	PUNCT
gujaf-78	240	4	.	.	PUNCT
gujaf-78	241	1	theory	theory	NOUN
gujaf-78	241	2	of	of	ADP
gujaf-78	241	3	the	the	DET
gujaf-78	241	4	firm	firm	NOUN
gujaf-78	241	5	 	 	SPACE
gujaf-78	241	6	:	:	PUNCT
gujaf-78	241	7	managerial	managerial	ADJ
gujaf-78	241	8	behavior	behavior	NOUN
gujaf-78	241	9	,	,	PUNCT
gujaf-78	241	10	agency	agency	NOUN
gujaf-78	241	11	costs	cost	NOUN
gujaf-78	241	12	and	and	CCONJ
gujaf-78	241	13	ownership	ownership	NOUN
gujaf-78	241	14	structure	structure	NOUN
gujaf-78	241	15	.	.	PUNCT
gujaf-78	242	1	3	3	NUM
gujaf-78	242	2	,	,	PUNCT
gujaf-78	242	3	305–360	305–360	NUM
gujaf-78	242	4	.	.	PUNCT
gujaf-78	243	1	kakanda	kakanda	NOUN
gujaf-78	243	2	,	,	PUNCT
gujaf-78	243	3	m.	m.	NOUN
gujaf-78	243	4	m.	m.	NOUN
gujaf-78	243	5	,	,	PUNCT
gujaf-78	243	6	bello	bello	PROPN
gujaf-78	243	7	,	,	PUNCT
gujaf-78	243	8	a.	a.	PROPN
gujaf-78	243	9	b.	b.	PROPN
gujaf-78	243	10	,	,	PUNCT
gujaf-78	243	11	&	&	CCONJ
gujaf-78	243	12	abba	abba	PROPN
gujaf-78	243	13	,	,	PUNCT
gujaf-78	243	14	m.	m.	NOUN
gujaf-78	243	15	(	(	PUNCT
gujaf-78	243	16	2016	2016	NUM
gujaf-78	243	17	)	)	PUNCT
gujaf-78	243	18	.	.	PUNCT
gujaf-78	244	1	effect	effect	NOUN
gujaf-78	244	2	of	of	ADP
gujaf-78	244	3	capital	capital	NOUN
gujaf-78	244	4	structure	structure	NOUN
gujaf-78	244	5	on	on	ADP
gujaf-78	244	6	performance	performance	NOUN
gujaf-78	244	7	of	of	ADP
gujaf-78	244	8	listed	list	VERB
gujaf-78	244	9	consumer	consumer	NOUN
gujaf-78	244	10	goods	good	NOUN
gujaf-78	244	11	companies	company	NOUN
gujaf-78	244	12	in	in	ADP
gujaf-78	244	13	nigeria	nigeria	PROPN
gujaf-78	244	14	.	.	PUNCT
gujaf-78	245	1	research	research	NOUN
gujaf-78	245	2	journal	journal	PROPN
gujaf-78	245	3	of	of	ADP
gujaf-78	245	4	finance	finance	NOUN
gujaf-78	245	5	and	and	CCONJ
gujaf-78	245	6	accountingonline	accountingonline	ADJ
gujaf-78	245	7	)	)	PUNCT
gujaf-78	245	8	,	,	PUNCT
gujaf-78	245	9	7(8	7(8	NUM
gujaf-78	245	10	)	)	PUNCT
gujaf-78	245	11	,	,	PUNCT
gujaf-78	245	12	2222–2847	2222–2847	NUM
gujaf-78	245	13	.	.	PUNCT
gujaf-78	246	1	retrieved	retrieve	VERB
gujaf-78	246	2	from	from	ADP
gujaf-78	246	3	http://ssrn.com/abstract=2808252	http://ssrn.com/abstract=2808252	PROPN
gujaf-78	246	4	karl	karl	PROPN
gujaf-78	246	5	,	,	PUNCT
gujaf-78	246	6	lins	lins	PROPN
gujaf-78	246	7	,	,	PUNCT
gujaf-78	246	8	h.	h.	PROPN
gujaf-78	246	9	s.	s.	PROPN
gujaf-78	246	10	(	(	PUNCT
gujaf-78	246	11	2019	2019	NUM
gujaf-78	246	12	)	)	PUNCT
gujaf-78	246	13	.	.	PUNCT
gujaf-78	247	1	cost	cost	NOUN
gujaf-78	247	2	and	and	CCONJ
gujaf-78	247	3	benefits	benefit	NOUN
gujaf-78	247	4	of	of	ADP
gujaf-78	247	5	corporate	corporate	ADJ
gujaf-78	247	6	diversification	diversification	NOUN
gujaf-78	247	7	in	in	ADP
gujaf-78	247	8	emerging	emerge	VERB
gujaf-78	247	9	market	market	NOUN
gujaf-78	247	10	(	(	PUNCT
gujaf-78	247	11	p.	p.	NOUN
gujaf-78	247	12	106	106	NUM
gujaf-78	247	13	)	)	PUNCT
gujaf-78	247	14	.	.	PUNCT
gujaf-78	248	1	p.	p.	NOUN
gujaf-78	248	2	106	106	NUM
gujaf-78	248	3	.	.	PUNCT
gujaf-78	249	1	gusau	gusau	PROPN
gujaf-78	249	2	journal	journal	PROPN
gujaf-78	249	3	of	of	ADP
gujaf-78	249	4	accounting	accounting	NOUN
gujaf-78	249	5	and	and	CCONJ
gujaf-78	249	6	finance	finance	NOUN
gujaf-78	249	7	,	,	PUNCT
gujaf-78	249	8	vol	vol	NOUN
gujaf-78	249	9	.	.	PROPN
gujaf-78	249	10	2	2	NUM
gujaf-78	249	11	,	,	PUNCT
gujaf-78	249	12	issue	issue	NOUN
gujaf-78	249	13	3	3	NUM
gujaf-78	249	14	,	,	PUNCT
gujaf-78	249	15	april	april	PROPN
gujaf-78	249	16	,	,	PUNCT
gujaf-78	249	17	2021	2021	NUM
gujaf-78	249	18	12	12	NUM
gujaf-78	249	19	kerim	kerim	PROPN
gujaf-78	249	20	,	,	PUNCT
gujaf-78	249	21	a.	a.	PROPN
gujaf-78	249	22	,	,	PUNCT
gujaf-78	249	23	&	&	CCONJ
gujaf-78	249	24	alaji	alaji	PROPN
gujaf-78	249	25	,	,	PUNCT
gujaf-78	249	26	j.	j.	PROPN
gujaf-78	249	27	(	(	PUNCT
gujaf-78	249	28	2019	2019	NUM
gujaf-78	249	29	)	)	PUNCT
gujaf-78	249	30	.	.	PUNCT
gujaf-78	250	1	effect	effect	NOUN
gujaf-78	250	2	of	of	ADP
gujaf-78	250	3	capital	capital	NOUN
gujaf-78	250	4	structure	structure	NOUN
gujaf-78	250	5	on	on	ADP
gujaf-78	250	6	the	the	DET
gujaf-78	250	7	profitability	profitability	NOUN
gujaf-78	250	8	of	of	ADP
gujaf-78	250	9	listed	list	VERB
gujaf-78	250	10	insurance	insurance	NOUN
gujaf-78	250	11	firms	firm	NOUN
gujaf-78	250	12	in	in	ADP
gujaf-78	250	13	nigeria	nigeria	PROPN
gujaf-78	250	14	.	.	PUNCT
gujaf-78	251	1	1(2	1(2	NUM
gujaf-78	251	2	)	)	PUNCT
gujaf-78	251	3	,	,	PUNCT
gujaf-78	251	4	36–45	36–45	NUM
gujaf-78	251	5	.	.	PUNCT
gujaf-78	252	1	maina	maina	PROPN
gujaf-78	252	2	,	,	PUNCT
gujaf-78	252	3	l.	l.	PROPN
gujaf-78	252	4	,	,	PUNCT
gujaf-78	252	5	&	&	CCONJ
gujaf-78	252	6	ishmail	ishmail	NOUN
gujaf-78	252	7	,	,	PUNCT
gujaf-78	252	8	m.	m.	NOUN
gujaf-78	252	9	(	(	PUNCT
gujaf-78	252	10	2014	2014	NUM
gujaf-78	252	11	)	)	PUNCT
gujaf-78	252	12	.	.	PUNCT
gujaf-78	253	1	capital	capital	NOUN
gujaf-78	253	2	structure	structure	NOUN
gujaf-78	253	3	and	and	CCONJ
gujaf-78	253	4	financial	financial	ADJ
gujaf-78	253	5	performance	performance	NOUN
gujaf-78	253	6	in	in	ADP
gujaf-78	253	7	kenya	kenya	PROPN
gujaf-78	253	8	:	:	PUNCT
gujaf-78	253	9	evidence	evidence	NOUN
gujaf-78	253	10	from	from	ADP
gujaf-78	253	11	firms	firm	NOUN
gujaf-78	253	12	listed	list	VERB
gujaf-78	253	13	at	at	ADP
gujaf-78	253	14	the	the	DET
gujaf-78	253	15	nairobi	nairobi	PROPN
gujaf-78	253	16	securities	securities	PROPN
gujaf-78	253	17	exchange	exchange	PROPN
gujaf-78	253	18	.	.	PUNCT
gujaf-78	254	1	international	international	ADJ
gujaf-78	254	2	journal	journal	NOUN
gujaf-78	254	3	of	of	ADP
gujaf-78	254	4	social	social	ADJ
gujaf-78	254	5	sciences	science	NOUN
gujaf-78	254	6	and	and	CCONJ
gujaf-78	254	7	entrepreneurship	entrepreneurship	NOUN
gujaf-78	254	8	,	,	PUNCT
gujaf-78	254	9	1(11	1(11	NUM
gujaf-78	254	10	)	)	PUNCT
gujaf-78	254	11	,	,	PUNCT
gujaf-78	254	12	209–223	209–223	NUM
gujaf-78	254	13	.	.	PUNCT
gujaf-78	255	1	retrieved	retrieve	VERB
gujaf-78	255	2	from	from	ADP
gujaf-78	255	3	http://www.ijsse.org/articles/ijsse_v1_i11_209_223.pdf	http://www.ijsse.org/articles/ijsse_v1_i11_209_223.pdf	PROPN
gujaf-78	255	4	meckling	meckling	NOUN
gujaf-78	255	5	,	,	PUNCT
gujaf-78	255	6	j.	j.	PROPN
gujaf-78	255	7	&	&	CCONJ
gujaf-78	255	8	.	.	PUNCT
gujaf-78	256	1	(	(	PUNCT
gujaf-78	256	2	1976	1976	NUM
gujaf-78	256	3	)	)	PUNCT
gujaf-78	256	4	.	.	PUNCT
gujaf-78	257	1	theory	theory	NOUN
gujaf-78	257	2	of	of	ADP
gujaf-78	257	3	the	the	DET
gujaf-78	257	4	firm	firm	NOUN
gujaf-78	257	5	:	:	PUNCT
gujaf-78	257	6	managerial	managerial	ADJ
gujaf-78	257	7	behavior	behavior	NOUN
gujaf-78	257	8	,	,	PUNCT
gujaf-78	257	9	agency	agency	NOUN
gujaf-78	257	10	costs	cost	NOUN
gujaf-78	257	11	and	and	CCONJ
gujaf-78	257	12	ownership	ownership	NOUN
gujaf-78	257	13	structure	structure	NOUN
gujaf-78	257	14	.	.	PUNCT
gujaf-78	258	1	journal	journal	NOUN
gujaf-78	258	2	of	of	ADP
gujaf-78	258	3	financial	financial	ADJ
gujaf-78	258	4	economics	economic	NOUN
gujaf-78	258	5	,	,	PUNCT
gujaf-78	258	6	3(4	3(4	NUM
gujaf-78	258	7	)	)	PUNCT
gujaf-78	258	8	,	,	PUNCT
gujaf-78	258	9	305–360	305–360	NUM
gujaf-78	258	10	.	.	PUNCT
gujaf-78	259	1	nawi	nawi	PROPN
gujaf-78	259	2	,	,	PUNCT
gujaf-78	259	3	h.	h.	PROPN
gujaf-78	259	4	m.	m.	NOUN
gujaf-78	259	5	(	(	PUNCT
gujaf-78	259	6	2018	2018	NUM
gujaf-78	259	7	)	)	PUNCT
gujaf-78	259	8	.	.	PUNCT
gujaf-78	260	1	measuring	measure	VERB
gujaf-78	260	2	capital	capital	NOUN
gujaf-78	260	3	structure	structure	NOUN
gujaf-78	260	4	determinants	determinant	NOUN
gujaf-78	260	5	of	of	ADP
gujaf-78	260	6	small	small	ADJ
gujaf-78	260	7	and	and	CCONJ
gujaf-78	260	8	medium	medium	ADJ
gujaf-78	260	9	enterprises	enterprise	NOUN
gujaf-78	260	10	(	(	PUNCT
gujaf-78	260	11	smes	sme	NOUN
gujaf-78	260	12	):	):	PUNCT
gujaf-78	260	13	an	an	DET
gujaf-78	260	14	assessment	assessment	NOUN
gujaf-78	260	15	of	of	ADP
gujaf-78	260	16	construct	construct	VERB
gujaf-78	260	17	reliability	reliability	NOUN
gujaf-78	260	18	and	and	CCONJ
gujaf-78	260	19	validity	validity	NOUN
gujaf-78	260	20	of	of	ADP
gujaf-78	260	21	a	a	DET
gujaf-78	260	22	proposed	propose	VERB
gujaf-78	260	23	questionnaire	questionnaire	NOUN
gujaf-78	260	24	.	.	PUNCT
gujaf-78	261	1	14(2	14(2	NUM
gujaf-78	261	2	)	)	PUNCT
gujaf-78	262	1	,	,	PUNCT
gujaf-78	262	2	44–58	44–58	NOUN
gujaf-78	262	3	.	.	PUNCT
gujaf-78	263	1	https://doi.org/10.3968/10138	https://doi.org/10.3968/10138	PROPN
gujaf-78	263	2	posner	posner	NOUN
gujaf-78	263	3	,	,	PUNCT
gujaf-78	263	4	r.	r.	PROPN
gujaf-78	263	5	a.	a.	PROPN
gujaf-78	263	6	,	,	PUNCT
gujaf-78	263	7	jensen	jensen	PROPN
gujaf-78	263	8	,	,	PUNCT
gujaf-78	263	9	m.	m.	PROPN
gujaf-78	263	10	c.	c.	PROPN
gujaf-78	263	11	,	,	PUNCT
gujaf-78	263	12	&	&	CCONJ
gujaf-78	263	13	posner	posner	PROPN
gujaf-78	263	14	,	,	PUNCT
gujaf-78	263	15	r.	r.	PROPN
gujaf-78	263	16	a.	a.	PROPN
gujaf-78	263	17	(	(	PUNCT
gujaf-78	263	18	2009	2009	NUM
gujaf-78	263	19	)	)	PUNCT
gujaf-78	263	20	.	.	PUNCT
gujaf-78	264	1	agency	agency	NOUN
gujaf-78	264	2	costs	cost	NOUN
gujaf-78	264	3	of	of	ADP
gujaf-78	264	4	free	free	ADJ
gujaf-78	264	5	cash	cash	NOUN
gujaf-78	264	6	flow	flow	NOUN
gujaf-78	264	7	,	,	PUNCT
gujaf-78	264	8	corporate	corporate	ADJ
gujaf-78	264	9	finance	finance	NOUN
gujaf-78	264	10	,	,	PUNCT
gujaf-78	264	11	and	and	CCONJ
gujaf-78	264	12	takeovers	takeover	NOUN
gujaf-78	264	13	.	.	PUNCT
gujaf-78	265	1	corporate	corporate	ADJ
gujaf-78	265	2	bankruptcy	bankruptcy	NOUN
gujaf-78	265	3	,	,	PUNCT
gujaf-78	265	4	76(2	76(2	NUM
gujaf-78	265	5	)	)	PUNCT
gujaf-78	265	6	,	,	PUNCT
gujaf-78	265	7	11–16	11–16	NUM
gujaf-78	265	8	.	.	PUNCT
gujaf-78	265	9	https://doi.org/10.1017/cbo9780511609435.005	https://doi.org/10.1017/cbo9780511609435.005	PROPN
gujaf-78	265	10	shaba	shaba	PROPN
gujaf-78	265	11	,	,	PUNCT
gujaf-78	265	12	y.	y.	PROPN
gujaf-78	265	13	,	,	PUNCT
gujaf-78	265	14	yaaba	yaaba	PROPN
gujaf-78	265	15	,	,	PUNCT
gujaf-78	265	16	b.	b.	PROPN
gujaf-78	265	17	n.	n.	PROPN
gujaf-78	265	18	,	,	PUNCT
gujaf-78	265	19	&	&	CCONJ
gujaf-78	265	20	abubakar	abubakar	PROPN
gujaf-78	265	21	,	,	PUNCT
gujaf-78	265	22	i.	i.	PROPN
gujaf-78	265	23	(	(	PUNCT
gujaf-78	265	24	2019	2019	NUM
gujaf-78	265	25	)	)	PUNCT
gujaf-78	265	26	.	.	PUNCT
gujaf-78	266	1	capital	capital	NOUN
gujaf-78	266	2	structure	structure	NOUN
gujaf-78	266	3	and	and	CCONJ
gujaf-78	266	4	profitability	profitability	NOUN
gujaf-78	266	5	of	of	ADP
gujaf-78	266	6	deposit	deposit	NOUN
gujaf-78	266	7	money	money	NOUN
gujaf-78	266	8	banks	bank	NOUN
gujaf-78	266	9	 	 	SPACE
gujaf-78	266	10	:	:	PUNCT
gujaf-78	266	11	empirical	empirical	ADJ
gujaf-78	266	12	evidence	evidence	NOUN
gujaf-78	266	13	from	from	ADP
gujaf-78	266	14	nigeria	nigeria	PROPN
gujaf-78	266	15	.	.	PUNCT
gujaf-78	267	1	8(23	8(23	NOUN
gujaf-78	267	2	)	)	PUNCT
gujaf-78	267	3	,	,	PUNCT
gujaf-78	267	4	110–121	110–121	NUM
gujaf-78	267	5	.	.	PUNCT
gujaf-78	268	1	tachiwou	tachiwou	NOUN
gujaf-78	268	2	,	,	PUNCT
gujaf-78	268	3	a.	a.	NOUN
gujaf-78	268	4	m.	m.	NOUN
gujaf-78	268	5	(	(	PUNCT
gujaf-78	268	6	2016	2016	NUM
gujaf-78	268	7	)	)	PUNCT
gujaf-78	268	8	.	.	PUNCT
gujaf-78	269	1	corporate	corporate	ADJ
gujaf-78	269	2	governance	governance	NOUN
gujaf-78	269	3	a	a	DET
gujaf-78	269	4	nd	nd	NOUN
gujaf-78	269	5	firms	firm	NOUN
gujaf-78	269	6	’	'	PUNCT
gujaf-78	269	7	financial	financial	ADJ
gujaf-78	269	8	performance	performance	NOUN
gujaf-78	269	9	of	of	ADP
gujaf-78	269	10	listed	list	VERB
gujaf-78	269	11	company	company	NOUN
gujaf-78	269	12	in	in	ADP
gujaf-78	269	13	the	the	DET
gujaf-78	269	14	west	west	ADJ
gujaf-78	269	15	african	african	PROPN
gujaf-78	269	16	monetary	monetary	PROPN
gujaf-78	269	17	union	union	PROPN
gujaf-78	269	18	(	(	PUNCT
gujaf-78	269	19	wamu	wamu	PROPN
gujaf-78	269	20	)	)	PUNCT
gujaf-78	269	21	regional	regional	ADJ
gujaf-78	269	22	financial	financial	ADJ
gujaf-78	269	23	exchange	exchange	NOUN
gujaf-78	269	24	.	.	PUNCT
gujaf-78	270	1	8(8	8(8	NUM
gujaf-78	270	2	)	)	PUNCT
gujaf-78	270	3	,	,	PUNCT
gujaf-78	270	4	212–221	212–221	NUM
gujaf-78	270	5	.	.	PUNCT
gujaf-78	271	1	https://doi.org/10.5539/ijef.v8n8p212	https://doi.org/10.5539/ijef.v8n8p212	PROPN
gujaf-78	271	2	yahaya	yahaya	PROPN
gujaf-78	271	3	,	,	PUNCT
gujaf-78	271	4	k.	k.	PROPN
gujaf-78	271	5	,	,	PUNCT
gujaf-78	271	6	&	&	CCONJ
gujaf-78	271	7	lawal	lawal	PROPN
gujaf-78	271	8	,	,	PUNCT
gujaf-78	271	9	r.	r.	PROPN
gujaf-78	271	10	(	(	PUNCT
gujaf-78	271	11	2018	2018	NUM
gujaf-78	271	12	)	)	PUNCT
gujaf-78	271	13	.	.	PUNCT
gujaf-78	272	1	effect	effect	NOUN
gujaf-78	272	2	of	of	ADP
gujaf-78	272	3	ownership	ownership	NOUN
gujaf-78	272	4	structure	structure	NOUN
gujaf-78	272	5	on	on	ADP
gujaf-78	272	6	financial	financial	ADJ
gujaf-78	272	7	performance	performance	NOUN
gujaf-78	272	8	of	of	ADP
gujaf-78	272	9	deposit	deposit	NOUN
gujaf-78	272	10	money	money	NOUN
gujaf-78	272	11	banks	bank	NOUN
gujaf-78	272	12	in	in	ADP
gujaf-78	272	13	nigeria	nigeria	PROPN
gujaf-78	272	14	.	.	PUNCT
gujaf-78	273	1	8(2	8(2	NUM
gujaf-78	273	2	)	)	PUNCT
gujaf-78	273	3	,	,	PUNCT
gujaf-78	273	4	29–38	29–38	NUM
gujaf-78	273	5	.	.	PUNCT