id	sid	tid	token	lemma	pos
hassl-3373	1	1	213	213	NUM
hassl-3373	1	2	©	©	PROPN
hassl-3373	1	3	2023	2023	NUM
hassl-3373	1	4	conscientia	conscientia	PROPN
hassl-3373	1	5	beam	beam	PROPN
hassl-3373	1	6	.	.	PUNCT
hassl-3373	2	1	all	all	DET
hassl-3373	2	2	rights	right	NOUN
hassl-3373	2	3	reserved	reserve	VERB
hassl-3373	2	4	.	.	PUNCT
hassl-3373	3	1	factors	factor	NOUN
hassl-3373	3	2	affecting	affect	VERB
hassl-3373	3	3	investor	investor	NOUN
hassl-3373	3	4	demand	demand	NOUN
hassl-3373	3	5	in	in	ADP
hassl-3373	3	6	a	a	DET
hassl-3373	3	7	health	health	NOUN
hassl-3373	3	8	emergency	emergency	NOUN
hassl-3373	3	9	iman	iman	NOUN
hassl-3373	3	10	harymawan1	harymawan1	NOUN
hassl-3373	3	11	+	+	CCONJ
hassl-3373	3	12	yulianti	yulianti	PROPN
hassl-3373	3	13	raharjo2	raharjo2	PROPN
hassl-3373	4	1	dian	dian	PROPN
hassl-3373	4	2	agustia3	agustia3	PROPN
hassl-3373	4	3	yani	yani	PROPN
hassl-3373	4	4	permatasari4	permatasari4	PROPN
hassl-3373	4	5	imran	imran	ADJ
hassl-3373	4	6	haider5	haider5	NOUN
hassl-3373	4	7	1,2,3,4department	1,2,3,4department	NOUN
hassl-3373	4	8	of	of	ADP
hassl-3373	4	9	accounting	accounting	NOUN
hassl-3373	4	10	,	,	PUNCT
hassl-3373	4	11	universitas	universita	NOUN
hassl-3373	4	12	airlangga	airlangga	NOUN
hassl-3373	4	13	,	,	PUNCT
hassl-3373	4	14	surabaya	surabaya	PROPN
hassl-3373	4	15	,	,	PUNCT
hassl-3373	4	16	indonesia	indonesia	PROPN
hassl-3373	4	17	.	.	PUNCT
hassl-3373	5	1	1email	1email	NUM
hassl-3373	5	2	:	:	PUNCT
hassl-3373	5	3	harymawan.iman@feb.unair.ac.id	harymawan.iman@feb.unair.ac.id	X
hassl-3373	5	4	2email	2email	NUM
hassl-3373	5	5	:	:	PUNCT
hassl-3373	5	6	yulianti.raharjo-2015@feb.unair.ac.id	yulianti.raharjo-2015@feb.unair.ac.id	NOUN
hassl-3373	5	7	3email	3email	NUM
hassl-3373	5	8	:	:	PUNCT
hassl-3373	5	9	dian.agustia@feb.unair.ac.id	dian.agustia@feb.unair.ac.id	X
hassl-3373	5	10	4email	4email	NUM
hassl-3373	5	11	:	:	PUNCT
hassl-3373	5	12	yanipermatasari@feb.unair.ac.id	yanipermatasari@feb.unair.ac.id	PROPN
hassl-3373	6	1	5school	5school	NUM
hassl-3373	6	2	of	of	ADP
hassl-3373	6	3	accounting	accounting	NOUN
hassl-3373	6	4	,	,	PUNCT
hassl-3373	6	5	curtin	curtin	PROPN
hassl-3373	6	6	university	university	PROPN
hassl-3373	6	7	,	,	PUNCT
hassl-3373	6	8	perth	perth	PROPN
hassl-3373	6	9	,	,	PUNCT
hassl-3373	6	10	australia	australia	PROPN
hassl-3373	6	11	.	.	PUNCT
hassl-3373	7	1	5email	5email	NUM
hassl-3373	7	2	:	:	PUNCT
hassl-3373	7	3	imran.haider@curtin.edu.au	imran.haider@curtin.edu.au	PROPN
hassl-3373	7	4	(	(	PUNCT
hassl-3373	7	5	+	+	NUM
hassl-3373	7	6	corresponding	correspond	VERB
hassl-3373	7	7	author	author	NOUN
hassl-3373	7	8	)	)	PUNCT
hassl-3373	7	9	abstract	abstract	ADJ
hassl-3373	7	10	article	article	NOUN
hassl-3373	7	11	history	history	NOUN
hassl-3373	7	12	received	receive	VERB
hassl-3373	7	13	:	:	PUNCT
hassl-3373	7	14	24	24	NUM
hassl-3373	7	15	august	august	PROPN
hassl-3373	7	16	2022	2022	NUM
hassl-3373	7	17	revised	revise	VERB
hassl-3373	7	18	:	:	PUNCT
hassl-3373	7	19	15	15	NUM
hassl-3373	7	20	march	march	NOUN
hassl-3373	7	21	2023	2023	NUM
hassl-3373	7	22	accepted	accept	VERB
hassl-3373	7	23	:	:	PUNCT
hassl-3373	7	24	8	8	NUM
hassl-3373	7	25	may	may	PROPN
hassl-3373	7	26	2023	2023	NUM
hassl-3373	7	27	published	publish	VERB
hassl-3373	7	28	:	:	PUNCT
hassl-3373	7	29	18	18	NUM
hassl-3373	7	30	may	may	PROPN
hassl-3373	7	31	2023	2023	NUM
hassl-3373	7	32	keywords	keyword	NOUN
hassl-3373	7	33	china	china	PROPN
hassl-3373	7	34	covid-19	covid-19	PROPN
hassl-3373	7	35	emergency	emergency	NOUN
hassl-3373	7	36	case	case	NOUN
hassl-3373	7	37	exposure	exposure	NOUN
hassl-3373	7	38	firm	firm	NOUN
hassl-3373	7	39	value	value	NOUN
hassl-3373	7	40	governance	governance	NOUN
hassl-3373	7	41	investor	investor	NOUN
hassl-3373	7	42	demand	demand	NOUN
hassl-3373	7	43	risk	risk	NOUN
hassl-3373	7	44	.	.	PUNCT
hassl-3373	8	1	this	this	DET
hassl-3373	8	2	paper	paper	NOUN
hassl-3373	8	3	investigates	investigate	VERB
hassl-3373	8	4	the	the	DET
hassl-3373	8	5	influence	influence	NOUN
hassl-3373	8	6	of	of	ADP
hassl-3373	8	7	covid-19	covid-19	PROPN
hassl-3373	8	8	exposure	exposure	NOUN
hassl-3373	8	9	and	and	CCONJ
hassl-3373	8	10	china	china	PROPN
hassl-3373	8	11	exposure	exposure	NOUN
hassl-3373	8	12	disclosed	disclose	VERB
hassl-3373	8	13	by	by	ADP
hassl-3373	8	14	companies	company	NOUN
hassl-3373	8	15	in	in	ADP
hassl-3373	8	16	their	their	PRON
hassl-3373	8	17	annual	annual	ADJ
hassl-3373	8	18	reports	report	NOUN
hassl-3373	8	19	on	on	ADP
hassl-3373	8	20	firm	firm	ADJ
hassl-3373	8	21	value	value	NOUN
hassl-3373	8	22	.	.	PUNCT
hassl-3373	9	1	research	research	NOUN
hassl-3373	9	2	data	datum	NOUN
hassl-3373	9	3	were	be	AUX
hassl-3373	9	4	obtained	obtain	VERB
hassl-3373	9	5	from	from	ADP
hassl-3373	9	6	annual	annual	ADJ
hassl-3373	9	7	reports	report	NOUN
hassl-3373	9	8	.	.	PUNCT
hassl-3373	10	1	the	the	DET
hassl-3373	10	2	study	study	NOUN
hassl-3373	10	3	used	use	VERB
hassl-3373	10	4	observations	observation	NOUN
hassl-3373	10	5	of	of	ADP
hassl-3373	10	6	430	430	NUM
hassl-3373	10	7	companies	company	NOUN
hassl-3373	10	8	listed	list	VERB
hassl-3373	10	9	on	on	ADP
hassl-3373	10	10	the	the	DET
hassl-3373	10	11	indonesia	indonesia	PROPN
hassl-3373	10	12	stock	stock	PROPN
hassl-3373	10	13	exchange	exchange	PROPN
hassl-3373	10	14	during	during	ADP
hassl-3373	10	15	2019	2019	NUM
hassl-3373	10	16	and	and	CCONJ
hassl-3373	10	17	analyzed	analyze	VERB
hassl-3373	10	18	using	use	VERB
hassl-3373	10	19	ordinary	ordinary	ADJ
hassl-3373	10	20	least	least	ADJ
hassl-3373	10	21	squares	square	NOUN
hassl-3373	10	22	(	(	PUNCT
hassl-3373	10	23	ols	ol	NOUN
hassl-3373	10	24	)	)	PUNCT
hassl-3373	10	25	with	with	ADP
hassl-3373	10	26	fixed	fix	VERB
hassl-3373	10	27	industry	industry	NOUN
hassl-3373	10	28	effects	effect	NOUN
hassl-3373	10	29	and	and	CCONJ
hassl-3373	10	30	standard	standard	ADJ
hassl-3373	10	31	error	error	NOUN
hassl-3373	10	32	estimation	estimation	NOUN
hassl-3373	10	33	with	with	ADP
hassl-3373	10	34	stata	stata	NOUN
hassl-3373	10	35	17.0	17.0	NUM
hassl-3373	10	36	software	software	NOUN
hassl-3373	10	37	.	.	PUNCT
hassl-3373	11	1	the	the	DET
hassl-3373	11	2	study	study	NOUN
hassl-3373	11	3	also	also	ADV
hassl-3373	11	4	used	use	VERB
hassl-3373	11	5	the	the	DET
hassl-3373	11	6	heckman	heckman	PROPN
hassl-3373	11	7	two	two	NUM
hassl-3373	11	8	-	-	PUNCT
hassl-3373	11	9	stage	stage	NOUN
hassl-3373	11	10	as	as	ADP
hassl-3373	11	11	a	a	DET
hassl-3373	11	12	robustness	robustness	NOUN
hassl-3373	11	13	test	test	NOUN
hassl-3373	11	14	.	.	PUNCT
hassl-3373	12	1	the	the	DET
hassl-3373	12	2	results	result	NOUN
hassl-3373	12	3	show	show	VERB
hassl-3373	12	4	a	a	DET
hassl-3373	12	5	positive	positive	ADJ
hassl-3373	12	6	and	and	CCONJ
hassl-3373	12	7	statistically	statistically	ADV
hassl-3373	12	8	significant	significant	ADJ
hassl-3373	12	9	relationship	relationship	NOUN
hassl-3373	12	10	between	between	ADP
hassl-3373	12	11	covid-19	covid-19	PROPN
hassl-3373	12	12	and	and	CCONJ
hassl-3373	12	13	firm	firm	ADJ
hassl-3373	12	14	value	value	NOUN
hassl-3373	12	15	.	.	PUNCT
hassl-3373	13	1	the	the	DET
hassl-3373	13	2	same	same	ADJ
hassl-3373	13	3	result	result	NOUN
hassl-3373	13	4	is	be	AUX
hassl-3373	13	5	also	also	ADV
hassl-3373	13	6	shown	show	VERB
hassl-3373	13	7	in	in	ADP
hassl-3373	13	8	the	the	DET
hassl-3373	13	9	relationship	relationship	NOUN
hassl-3373	13	10	between	between	ADP
hassl-3373	13	11	china	china	PROPN
hassl-3373	13	12	exposure	exposure	NOUN
hassl-3373	13	13	and	and	CCONJ
hassl-3373	13	14	firm	firm	ADJ
hassl-3373	13	15	value	value	NOUN
hassl-3373	13	16	.	.	PUNCT
hassl-3373	14	1	our	our	PRON
hassl-3373	14	2	research	research	NOUN
hassl-3373	14	3	provides	provide	VERB
hassl-3373	14	4	evidence	evidence	NOUN
hassl-3373	14	5	that	that	SCONJ
hassl-3373	14	6	exposure	exposure	NOUN
hassl-3373	14	7	to	to	ADP
hassl-3373	14	8	the	the	DET
hassl-3373	14	9	covid-19	covid-19	PROPN
hassl-3373	14	10	situation	situation	NOUN
hassl-3373	14	11	resulted	result	VERB
hassl-3373	14	12	in	in	ADP
hassl-3373	14	13	an	an	DET
hassl-3373	14	14	increase	increase	NOUN
hassl-3373	14	15	in	in	ADP
hassl-3373	14	16	firm	firm	ADJ
hassl-3373	14	17	value	value	NOUN
hassl-3373	14	18	during	during	ADP
hassl-3373	14	19	the	the	DET
hassl-3373	14	20	period	period	NOUN
hassl-3373	14	21	.	.	PUNCT
hassl-3373	15	1	additionally	additionally	ADV
hassl-3373	15	2	,	,	PUNCT
hassl-3373	15	3	these	these	DET
hassl-3373	15	4	results	result	NOUN
hassl-3373	15	5	were	be	AUX
hassl-3373	15	6	found	find	VERB
hassl-3373	15	7	to	to	PART
hassl-3373	15	8	be	be	AUX
hassl-3373	15	9	robust	robust	ADJ
hassl-3373	15	10	by	by	ADP
hassl-3373	15	11	the	the	DET
hassl-3373	15	12	heckman	heckman	PROPN
hassl-3373	15	13	two	two	NUM
hassl-3373	15	14	-	-	PUNCT
hassl-3373	15	15	stage	stage	NOUN
hassl-3373	15	16	test	test	NOUN
hassl-3373	15	17	.	.	PUNCT
hassl-3373	16	1	with	with	ADP
hassl-3373	16	2	these	these	DET
hassl-3373	16	3	research	research	NOUN
hassl-3373	16	4	findings	finding	NOUN
hassl-3373	16	5	,	,	PUNCT
hassl-3373	16	6	companies	company	NOUN
hassl-3373	16	7	can	can	AUX
hassl-3373	16	8	identify	identify	VERB
hassl-3373	16	9	factors	factor	NOUN
hassl-3373	16	10	that	that	PRON
hassl-3373	16	11	can	can	AUX
hassl-3373	16	12	influence	influence	VERB
hassl-3373	16	13	an	an	DET
hassl-3373	16	14	increase	increase	NOUN
hassl-3373	16	15	in	in	ADP
hassl-3373	16	16	firm	firm	ADJ
hassl-3373	16	17	value	value	NOUN
hassl-3373	16	18	,	,	PUNCT
hassl-3373	16	19	including	include	VERB
hassl-3373	16	20	providing	provide	VERB
hassl-3373	16	21	clear	clear	ADJ
hassl-3373	16	22	disclosure	disclosure	NOUN
hassl-3373	16	23	on	on	ADP
hassl-3373	16	24	company	company	NOUN
hassl-3373	16	25	conditions	condition	NOUN
hassl-3373	16	26	such	such	ADJ
hassl-3373	16	27	as	as	ADP
hassl-3373	16	28	covid-19	covid-19	PROPN
hassl-3373	16	29	and	and	CCONJ
hassl-3373	16	30	china	china	PROPN
hassl-3373	16	31	exposure	exposure	NOUN
hassl-3373	16	32	.	.	PUNCT
hassl-3373	17	1	companies	company	NOUN
hassl-3373	17	2	that	that	PRON
hassl-3373	17	3	comprehensively	comprehensively	ADV
hassl-3373	17	4	disclose	disclose	VERB
hassl-3373	17	5	their	their	PRON
hassl-3373	17	6	information	information	NOUN
hassl-3373	17	7	during	during	ADP
hassl-3373	17	8	uncertain	uncertain	ADJ
hassl-3373	17	9	environmental	environmental	ADJ
hassl-3373	17	10	situations	situation	NOUN
hassl-3373	17	11	will	will	AUX
hassl-3373	17	12	provide	provide	VERB
hassl-3373	17	13	opportunities	opportunity	NOUN
hassl-3373	17	14	for	for	SCONJ
hassl-3373	17	15	them	they	PRON
hassl-3373	17	16	to	to	PART
hassl-3373	17	17	generate	generate	VERB
hassl-3373	17	18	a	a	DET
hassl-3373	17	19	more	more	ADV
hassl-3373	17	20	positive	positive	ADJ
hassl-3373	17	21	performance	performance	NOUN
hassl-3373	17	22	,	,	PUNCT
hassl-3373	17	23	as	as	SCONJ
hassl-3373	17	24	stakeholders	stakeholder	NOUN
hassl-3373	17	25	provided	provide	VERB
hassl-3373	17	26	funding	funding	NOUN
hassl-3373	17	27	facilities	facility	NOUN
hassl-3373	17	28	for	for	SCONJ
hassl-3373	17	29	companies	company	NOUN
hassl-3373	17	30	to	to	PART
hassl-3373	17	31	pursue	pursue	VERB
hassl-3373	17	32	growth	growth	NOUN
hassl-3373	17	33	during	during	ADP
hassl-3373	17	34	the	the	DET
hassl-3373	17	35	covid-19	covid-19	PROPN
hassl-3373	17	36	period	period	NOUN
hassl-3373	17	37	.	.	PUNCT
hassl-3373	18	1	therefore	therefore	ADV
hassl-3373	18	2	,	,	PUNCT
hassl-3373	18	3	the	the	DET
hassl-3373	18	4	covid-19	covid-19	PROPN
hassl-3373	18	5	factor	factor	NOUN
hassl-3373	18	6	as	as	ADP
hassl-3373	18	7	a	a	DET
hassl-3373	18	8	form	form	NOUN
hassl-3373	18	9	of	of	ADP
hassl-3373	18	10	exposure	exposure	NOUN
hassl-3373	18	11	for	for	ADP
hassl-3373	18	12	companies	company	NOUN
hassl-3373	18	13	is	be	AUX
hassl-3373	18	14	expected	expect	VERB
hassl-3373	18	15	to	to	PART
hassl-3373	18	16	encourage	encourage	VERB
hassl-3373	18	17	companies	company	NOUN
hassl-3373	18	18	to	to	PART
hassl-3373	18	19	continue	continue	VERB
hassl-3373	18	20	to	to	PART
hassl-3373	18	21	adapt	adapt	VERB
hassl-3373	18	22	and	and	CCONJ
hassl-3373	18	23	innovate	innovate	VERB
hassl-3373	18	24	.	.	PUNCT
hassl-3373	19	1	contribution	contribution	NOUN
hassl-3373	19	2	/	/	SYM
hassl-3373	19	3	originality	originality	NOUN
hassl-3373	19	4	:	:	PUNCT
hassl-3373	19	5	this	this	DET
hassl-3373	19	6	research	research	NOUN
hassl-3373	19	7	contributes	contribute	VERB
hassl-3373	19	8	to	to	ADP
hassl-3373	19	9	the	the	DET
hassl-3373	19	10	literature	literature	NOUN
hassl-3373	19	11	on	on	ADP
hassl-3373	19	12	the	the	DET
hassl-3373	19	13	effects	effect	NOUN
hassl-3373	19	14	of	of	ADP
hassl-3373	19	15	external	external	ADJ
hassl-3373	19	16	factors	factor	NOUN
hassl-3373	19	17	on	on	ADP
hassl-3373	19	18	firm	firm	ADJ
hassl-3373	19	19	value	value	NOUN
hassl-3373	19	20	,	,	PUNCT
hassl-3373	19	21	specifically	specifically	ADV
hassl-3373	19	22	in	in	ADP
hassl-3373	19	23	the	the	DET
hassl-3373	19	24	context	context	NOUN
hassl-3373	19	25	of	of	ADP
hassl-3373	19	26	the	the	DET
hassl-3373	19	27	covid-19	covid-19	PROPN
hassl-3373	19	28	pandemic	pandemic	ADJ
hassl-3373	19	29	and	and	CCONJ
hassl-3373	19	30	china	china	PROPN
hassl-3373	19	31	's	's	PART
hassl-3373	19	32	economic	economic	ADJ
hassl-3373	19	33	influence	influence	NOUN
hassl-3373	19	34	.	.	PUNCT
hassl-3373	20	1	additionally	additionally	ADV
hassl-3373	20	2	,	,	PUNCT
hassl-3373	20	3	the	the	DET
hassl-3373	20	4	use	use	NOUN
hassl-3373	20	5	of	of	ADP
hassl-3373	20	6	the	the	DET
hassl-3373	20	7	heckman	heckman	PROPN
hassl-3373	20	8	two	two	NUM
hassl-3373	20	9	-	-	PUNCT
hassl-3373	20	10	stage	stage	NOUN
hassl-3373	20	11	as	as	ADP
hassl-3373	20	12	a	a	DET
hassl-3373	20	13	robustness	robustness	NOUN
hassl-3373	20	14	test	test	NOUN
hassl-3373	20	15	provides	provide	VERB
hassl-3373	20	16	a	a	DET
hassl-3373	20	17	rigorous	rigorous	ADJ
hassl-3373	20	18	analysis	analysis	NOUN
hassl-3373	20	19	of	of	ADP
hassl-3373	20	20	the	the	DET
hassl-3373	20	21	results	result	NOUN
hassl-3373	20	22	.	.	PUNCT
hassl-3373	21	1	1	1	X
hassl-3373	21	2	.	.	X
hassl-3373	21	3	introduction	introduction	NOUN
hassl-3373	21	4	indonesia	indonesia	PROPN
hassl-3373	21	5	has	have	AUX
hassl-3373	21	6	been	be	AUX
hassl-3373	21	7	shocked	shock	VERB
hassl-3373	21	8	by	by	ADP
hassl-3373	21	9	covid-19	covid-19	PROPN
hassl-3373	21	10	,	,	PUNCT
hassl-3373	21	11	which	which	PRON
hassl-3373	21	12	is	be	AUX
hassl-3373	21	13	a	a	DET
hassl-3373	21	14	type	type	NOUN
hassl-3373	21	15	of	of	ADP
hassl-3373	21	16	infectious	infectious	ADJ
hassl-3373	21	17	disease	disease	NOUN
hassl-3373	21	18	caused	cause	VERB
hassl-3373	21	19	by	by	ADP
hassl-3373	21	20	a	a	DET
hassl-3373	21	21	newly	newly	ADV
hassl-3373	21	22	discovered	discover	VERB
hassl-3373	21	23	type	type	NOUN
hassl-3373	21	24	of	of	ADP
hassl-3373	21	25	coronavirus	coronavirus	NOUN
hassl-3373	21	26	(	(	PUNCT
hassl-3373	21	27	ramelli	ramelli	PROPN
hassl-3373	21	28	&	&	CCONJ
hassl-3373	21	29	wagner	wagner	PROPN
hassl-3373	21	30	,	,	PUNCT
hassl-3373	21	31	2020	2020	NUM
hassl-3373	21	32	)	)	PUNCT
hassl-3373	21	33	.	.	PUNCT
hassl-3373	22	1	this	this	DET
hassl-3373	22	2	disease	disease	NOUN
hassl-3373	22	3	first	first	ADV
hassl-3373	22	4	appeared	appear	VERB
hassl-3373	22	5	in	in	ADP
hassl-3373	22	6	wuhan	wuhan	PROPN
hassl-3373	22	7	,	,	PUNCT
hassl-3373	22	8	china	china	PROPN
hassl-3373	22	9	,	,	PUNCT
hassl-3373	22	10	in	in	ADP
hassl-3373	22	11	december	december	PROPN
hassl-3373	22	12	2019	2019	NUM
hassl-3373	22	13	(	(	PUNCT
hassl-3373	22	14	huo	huo	PROPN
hassl-3373	22	15	&	&	CCONJ
hassl-3373	22	16	qiu	qiu	PROPN
hassl-3373	22	17	,	,	PUNCT
hassl-3373	22	18	2020	2020	NUM
hassl-3373	22	19	;	;	PUNCT
hassl-3373	22	20	xiong	xiong	PROPN
hassl-3373	22	21	,	,	PUNCT
hassl-3373	22	22	wu	wu	PROPN
hassl-3373	22	23	,	,	PUNCT
hassl-3373	22	24	hou	hou	PROPN
hassl-3373	22	25	,	,	PUNCT
hassl-3373	22	26	&	&	CCONJ
hassl-3373	22	27	zhang	zhang	PROPN
hassl-3373	22	28	,	,	PUNCT
hassl-3373	22	29	2020	2020	NUM
hassl-3373	22	30	)	)	PUNCT
hassl-3373	22	31	.	.	PUNCT
hassl-3373	23	1	but	but	CCONJ
hassl-3373	23	2	now	now	ADV
hassl-3373	23	3	,	,	PUNCT
hassl-3373	23	4	covid-19	covid-19	PROPN
hassl-3373	23	5	has	have	AUX
hassl-3373	23	6	spread	spread	VERB
hassl-3373	23	7	to	to	ADP
hassl-3373	23	8	many	many	ADJ
hassl-3373	23	9	countries	country	NOUN
hassl-3373	23	10	,	,	PUNCT
hassl-3373	23	11	including	include	VERB
hassl-3373	23	12	indonesia	indonesia	PROPN
hassl-3373	23	13	.	.	PUNCT
hassl-3373	24	1	kompas	kompas	PROPN
hassl-3373	24	2	(	(	PUNCT
hassl-3373	24	3	2020	2020	NUM
hassl-3373	24	4	)	)	PUNCT
hassl-3373	24	5	reported	report	VERB
hassl-3373	24	6	that	that	SCONJ
hassl-3373	24	7	the	the	DET
hassl-3373	24	8	indonesian	indonesian	ADJ
hassl-3373	24	9	government	government	NOUN
hassl-3373	24	10	announced	announce	VERB
hassl-3373	24	11	the	the	DET
hassl-3373	24	12	first	first	ADJ
hassl-3373	24	13	two	two	NUM
hassl-3373	24	14	cases	case	NOUN
hassl-3373	24	15	of	of	ADP
hassl-3373	24	16	covid-19	covid-19	PROPN
hassl-3373	24	17	on	on	ADP
hassl-3373	24	18	march	march	PROPN
hassl-3373	24	19	2	2	NUM
hassl-3373	24	20	,	,	PUNCT
hassl-3373	24	21	2020	2020	NUM
hassl-3373	24	22	.	.	PUNCT
hassl-3373	25	1	the	the	DET
hassl-3373	25	2	number	number	NOUN
hassl-3373	25	3	of	of	ADP
hassl-3373	25	4	patients	patient	NOUN
hassl-3373	25	5	who	who	PRON
hassl-3373	25	6	tested	test	VERB
hassl-3373	25	7	positive	positive	ADJ
hassl-3373	25	8	for	for	ADP
hassl-3373	25	9	covid-19	covid-19	PROPN
hassl-3373	25	10	continued	continue	VERB
hassl-3373	25	11	to	to	PART
hassl-3373	25	12	increase	increase	VERB
hassl-3373	25	13	from	from	ADP
hassl-3373	25	14	march	march	PROPN
hassl-3373	25	15	2020	2020	NUM
hassl-3373	25	16	to	to	PART
hassl-3373	25	17	end	end	VERB
hassl-3373	25	18	of	of	ADP
hassl-3373	25	19	december	december	PROPN
hassl-3373	25	20	2021	2021	NUM
hassl-3373	25	21	.	.	PUNCT
hassl-3373	26	1	the	the	DET
hassl-3373	26	2	spread	spread	NOUN
hassl-3373	26	3	of	of	ADP
hassl-3373	26	4	the	the	DET
hassl-3373	26	5	covid-19	covid-19	PROPN
hassl-3373	26	6	outbreak	outbreak	NOUN
hassl-3373	26	7	in	in	ADP
hassl-3373	26	8	various	various	ADJ
hassl-3373	26	9	countries	country	NOUN
hassl-3373	26	10	and	and	CCONJ
hassl-3373	26	11	the	the	DET
hassl-3373	26	12	continued	continue	VERB
hassl-3373	26	13	increase	increase	NOUN
hassl-3373	26	14	in	in	ADP
hassl-3373	26	15	the	the	DET
hassl-3373	26	16	number	number	NOUN
hassl-3373	26	17	of	of	ADP
hassl-3373	26	18	patients	patient	NOUN
hassl-3373	26	19	who	who	PRON
hassl-3373	26	20	tested	test	VERB
hassl-3373	26	21	positive	positive	ADJ
hassl-3373	26	22	led	lead	VERB
hassl-3373	26	23	to	to	ADP
hassl-3373	26	24	covid-19	covid-19	PROPN
hassl-3373	26	25	being	be	AUX
hassl-3373	26	26	designated	designate	VERB
hassl-3373	26	27	as	as	ADP
hassl-3373	26	28	a	a	DET
hassl-3373	26	29	global	global	ADJ
hassl-3373	26	30	pandemic	pandemic	NOUN
hassl-3373	26	31	by	by	ADP
hassl-3373	26	32	the	the	DET
hassl-3373	26	33	world	world	PROPN
hassl-3373	26	34	health	health	PROPN
hassl-3373	26	35	organization	organization	NOUN
hassl-3373	26	36	(	(	PUNCT
hassl-3373	26	37	who	who	PRON
hassl-3373	26	38	)	)	PUNCT
hassl-3373	26	39	on	on	ADP
hassl-3373	26	40	march	march	PROPN
hassl-3373	26	41	11	11	NUM
hassl-3373	26	42	,	,	PUNCT
hassl-3373	26	43	2020	2020	NUM
hassl-3373	26	44	(	(	PUNCT
hassl-3373	26	45	babuna	babuna	NOUN
hassl-3373	26	46	et	et	PROPN
hassl-3373	26	47	al	al	PROPN
hassl-3373	26	48	.	.	PROPN
hassl-3373	26	49	,	,	PUNCT
hassl-3373	26	50	2020	2020	NUM
hassl-3373	26	51	)	)	PUNCT
hassl-3373	26	52	.	.	PUNCT
hassl-3373	27	1	as	as	ADP
hassl-3373	27	2	a	a	DET
hassl-3373	27	3	result	result	NOUN
hassl-3373	27	4	,	,	PUNCT
hassl-3373	27	5	a	a	DET
hassl-3373	27	6	number	number	NOUN
hassl-3373	27	7	of	of	ADP
hassl-3373	27	8	countries	country	NOUN
hassl-3373	27	9	humanities	humanity	NOUN
hassl-3373	27	10	and	and	CCONJ
hassl-3373	27	11	social	social	ADJ
hassl-3373	27	12	sciences	science	NOUN
hassl-3373	27	13	letters	letter	NOUN
hassl-3373	27	14	2023	2023	NUM
hassl-3373	27	15	vol	vol	NOUN
hassl-3373	27	16	.	.	PUNCT
hassl-3373	27	17	11	11	NUM
hassl-3373	27	18	,	,	PUNCT
hassl-3373	27	19	no	no	INTJ
hassl-3373	27	20	.	.	NOUN
hassl-3373	27	21	2	2	NUM
hassl-3373	27	22	,	,	PUNCT
hassl-3373	27	23	pp	pp	ADJ
hassl-3373	27	24	.	.	PUNCT
hassl-3373	28	1	213	213	NUM
hassl-3373	28	2	-	-	SYM
hassl-3373	28	3	227	227	NUM
hassl-3373	28	4	issn(e	issn(e	NOUN
hassl-3373	28	5	):	):	PUNCT
hassl-3373	28	6	2312	2312	NUM
hassl-3373	28	7	-	-	SYM
hassl-3373	28	8	4318	4318	NUM
hassl-3373	28	9	issn(p	issn(p	NUM
hassl-3373	28	10	):	):	PUNCT
hassl-3373	28	11	2312	2312	NUM
hassl-3373	28	12	-	-	SYM
hassl-3373	28	13	5659	5659	NUM
hassl-3373	28	14	doi	doi	NOUN
hassl-3373	28	15	:	:	PUNCT
hassl-3373	28	16	10.18488/73.v11i2.3373	10.18488/73.v11i2.3373	PROPN
hassl-3373	28	17	©	©	PROPN
hassl-3373	28	18	2023	2023	NUM
hassl-3373	28	19	conscientia	conscientia	PROPN
hassl-3373	28	20	beam	beam	PROPN
hassl-3373	28	21	.	.	PUNCT
hassl-3373	29	1	all	all	DET
hassl-3373	29	2	rights	right	NOUN
hassl-3373	29	3	reserved	reserve	VERB
hassl-3373	29	4	.	.	PUNCT
hassl-3373	30	1	https://orcid.org/0000-0001-7621-6252	https://orcid.org/0000-0001-7621-6252	VERB
hassl-3373	30	2	https://orcid.org/0000-0003-4669-7344	https://orcid.org/0000-0003-4669-7344	PROPN
hassl-3373	30	3	https://orcid.org/0000-0001-8476-4830	https://orcid.org/0000-0001-8476-4830	PROPN
hassl-3373	30	4	mailto:harymawan.iman@feb.unair.ac.id	mailto:harymawan.iman@feb.unair.ac.id	NOUN
hassl-3373	30	5	mailto:yulianti.raharjo-2015@feb.unair.ac.id	mailto:yulianti.raharjo-2015@feb.unair.ac.id	PROPN
hassl-3373	30	6	mailto:dian.agustia@feb.unair.ac.id	mailto:dian.agustia@feb.unair.ac.id	NOUN
hassl-3373	30	7	mailto:yanipermatasari@feb.unair.ac.id	mailto:yanipermatasari@feb.unair.ac.id	PROPN
hassl-3373	30	8	mailto:imran.haider@curtin.edu.au	mailto:imran.haider@curtin.edu.au	PROPN
hassl-3373	30	9	https://www.doi.org/10.18488/73.v11i2.3373	https://www.doi.org/10.18488/73.v11i2.3373	PROPN
hassl-3373	30	10	humanities	humanity	NOUN
hassl-3373	30	11	and	and	CCONJ
hassl-3373	30	12	social	social	ADJ
hassl-3373	30	13	sciences	science	NOUN
hassl-3373	30	14	letters	letter	NOUN
hassl-3373	30	15	,	,	PUNCT
hassl-3373	30	16	2023	2023	NUM
hassl-3373	30	17	,	,	PUNCT
hassl-3373	30	18	11(2	11(2	NUM
hassl-3373	30	19	):	):	PUNCT
hassl-3373	30	20	213	213	NUM
hassl-3373	30	21	-	-	SYM
hassl-3373	30	22	227	227	NUM
hassl-3373	30	23	214	214	NUM
hassl-3373	30	24	©	©	PROPN
hassl-3373	30	25	2023	2023	NUM
hassl-3373	30	26	conscientia	conscientia	PROPN
hassl-3373	30	27	beam	beam	PROPN
hassl-3373	30	28	.	.	PUNCT
hassl-3373	31	1	all	all	DET
hassl-3373	31	2	rights	right	NOUN
hassl-3373	31	3	reserved	reserve	VERB
hassl-3373	31	4	.	.	PUNCT
hassl-3373	31	5	implemented	implement	VERB
hassl-3373	31	6	large	large	ADJ
hassl-3373	31	7	-	-	PUNCT
hassl-3373	31	8	scale	scale	NOUN
hassl-3373	31	9	social	social	ADJ
hassl-3373	31	10	restrictions	restriction	NOUN
hassl-3373	31	11	and	and	CCONJ
hassl-3373	31	12	lockdowns	lockdown	NOUN
hassl-3373	31	13	,	,	PUNCT
hassl-3373	31	14	which	which	PRON
hassl-3373	31	15	caused	cause	VERB
hassl-3373	31	16	changes	change	NOUN
hassl-3373	31	17	in	in	ADP
hassl-3373	31	18	the	the	DET
hassl-3373	31	19	entire	entire	ADJ
hassl-3373	31	20	order	order	NOUN
hassl-3373	31	21	of	of	ADP
hassl-3373	31	22	life	life	NOUN
hassl-3373	31	23	in	in	ADP
hassl-3373	31	24	terms	term	NOUN
hassl-3373	31	25	of	of	ADP
hassl-3373	31	26	health	health	NOUN
hassl-3373	31	27	,	,	PUNCT
hassl-3373	31	28	economy	economy	NOUN
hassl-3373	31	29	,	,	PUNCT
hassl-3373	31	30	and	and	CCONJ
hassl-3373	31	31	international	international	ADJ
hassl-3373	31	32	relations	relation	NOUN
hassl-3373	31	33	.	.	PUNCT
hassl-3373	32	1	the	the	DET
hassl-3373	32	2	covid-19	covid-19	PROPN
hassl-3373	32	3	pandemic	pandemic	NOUN
hassl-3373	32	4	has	have	AUX
hassl-3373	32	5	become	become	VERB
hassl-3373	32	6	a	a	DET
hassl-3373	32	7	systematic	systematic	ADJ
hassl-3373	32	8	risk	risk	NOUN
hassl-3373	32	9	that	that	PRON
hassl-3373	32	10	is	be	AUX
hassl-3373	32	11	uncontrollable	uncontrollable	ADJ
hassl-3373	32	12	,	,	PUNCT
hassl-3373	32	13	unpredictable	unpredictable	ADJ
hassl-3373	32	14	,	,	PUNCT
hassl-3373	32	15	and	and	CCONJ
hassl-3373	32	16	has	have	VERB
hassl-3373	32	17	an	an	DET
hassl-3373	32	18	overall	overall	ADJ
hassl-3373	32	19	impact	impact	NOUN
hassl-3373	32	20	that	that	PRON
hassl-3373	32	21	is	be	AUX
hassl-3373	32	22	macro	macro	ADJ
hassl-3373	32	23	in	in	ADP
hassl-3373	32	24	nature	nature	NOUN
hassl-3373	32	25	(	(	PUNCT
hassl-3373	32	26	rizwan	rizwan	PROPN
hassl-3373	32	27	,	,	PUNCT
hassl-3373	32	28	ahmad	ahmad	PROPN
hassl-3373	32	29	,	,	PUNCT
hassl-3373	32	30	&	&	CCONJ
hassl-3373	32	31	ashraf	ashraf	PROPN
hassl-3373	32	32	,	,	PUNCT
hassl-3373	32	33	2020	2020	NUM
hassl-3373	32	34	)	)	PUNCT
hassl-3373	32	35	.	.	PUNCT
hassl-3373	33	1	this	this	PRON
hassl-3373	33	2	will	will	AUX
hassl-3373	33	3	also	also	ADV
hassl-3373	33	4	impact	impact	VERB
hassl-3373	33	5	risk	risk	NOUN
hassl-3373	33	6	tolerance	tolerance	NOUN
hassl-3373	33	7	in	in	ADP
hassl-3373	33	8	decision	decision	NOUN
hassl-3373	33	9	making	making	NOUN
hassl-3373	33	10	.	.	PUNCT
hassl-3373	34	1	heo	heo	PROPN
hassl-3373	34	2	,	,	PUNCT
hassl-3373	34	3	rabbani	rabbani	PROPN
hassl-3373	34	4	,	,	PUNCT
hassl-3373	34	5	and	and	CCONJ
hassl-3373	34	6	grable	grable	ADJ
hassl-3373	34	7	(	(	PUNCT
hassl-3373	34	8	2021	2021	NUM
hassl-3373	34	9	)	)	PUNCT
hassl-3373	34	10	pointed	point	VERB
hassl-3373	34	11	out	out	ADP
hassl-3373	34	12	that	that	SCONJ
hassl-3373	34	13	the	the	DET
hassl-3373	34	14	risk	risk	NOUN
hassl-3373	34	15	tolerance	tolerance	NOUN
hassl-3373	34	16	of	of	ADP
hassl-3373	34	17	financial	financial	ADJ
hassl-3373	34	18	decision	decision	NOUN
hassl-3373	34	19	makers	maker	NOUN
hassl-3373	34	20	can	can	AUX
hassl-3373	34	21	be	be	AUX
hassl-3373	34	22	changed	change	VERB
hassl-3373	34	23	when	when	SCONJ
hassl-3373	34	24	there	there	PRON
hassl-3373	34	25	are	be	VERB
hassl-3373	34	26	shocks	shock	NOUN
hassl-3373	34	27	in	in	ADP
hassl-3373	34	28	economic	economic	ADJ
hassl-3373	34	29	,	,	PUNCT
hassl-3373	34	30	social	social	ADJ
hassl-3373	34	31	,	,	PUNCT
hassl-3373	34	32	or	or	CCONJ
hassl-3373	34	33	environmental	environmental	ADJ
hassl-3373	34	34	conditions	condition	NOUN
hassl-3373	34	35	.	.	PUNCT
hassl-3373	35	1	in	in	ADP
hassl-3373	35	2	this	this	DET
hassl-3373	35	3	case	case	NOUN
hassl-3373	35	4	,	,	PUNCT
hassl-3373	35	5	the	the	DET
hassl-3373	35	6	shock	shock	NOUN
hassl-3373	35	7	in	in	ADP
hassl-3373	35	8	question	question	NOUN
hassl-3373	35	9	is	be	AUX
hassl-3373	35	10	the	the	DET
hassl-3373	35	11	covid-19	covid-19	PROPN
hassl-3373	35	12	pandemic	pandemic	NOUN
hassl-3373	35	13	.	.	PUNCT
hassl-3373	36	1	for	for	ADP
hassl-3373	36	2	firms	firm	NOUN
hassl-3373	36	3	,	,	PUNCT
hassl-3373	36	4	the	the	DET
hassl-3373	36	5	covid-19	covid-19	PROPN
hassl-3373	36	6	pandemic	pandemic	NOUN
hassl-3373	36	7	caused	cause	VERB
hassl-3373	36	8	changes	change	NOUN
hassl-3373	36	9	in	in	ADP
hassl-3373	36	10	their	their	PRON
hassl-3373	36	11	business	business	NOUN
hassl-3373	36	12	activities	activity	NOUN
hassl-3373	36	13	which	which	PRON
hassl-3373	36	14	affected	affect	VERB
hassl-3373	36	15	firm	firm	ADJ
hassl-3373	36	16	income	income	NOUN
hassl-3373	36	17	and	and	CCONJ
hassl-3373	36	18	increased	increase	VERB
hassl-3373	36	19	company	company	NOUN
hassl-3373	36	20	risk	risk	NOUN
hassl-3373	36	21	.	.	PUNCT
hassl-3373	37	1	a	a	DET
hassl-3373	37	2	firm	firm	NOUN
hassl-3373	37	3	's	's	PART
hassl-3373	37	4	ability	ability	NOUN
hassl-3373	37	5	to	to	PART
hassl-3373	37	6	deal	deal	VERB
hassl-3373	37	7	with	with	ADP
hassl-3373	37	8	systematic	systematic	ADJ
hassl-3373	37	9	risk	risk	NOUN
hassl-3373	37	10	will	will	AUX
hassl-3373	37	11	greatly	greatly	ADV
hassl-3373	37	12	concern	concern	VERB
hassl-3373	37	13	stakeholders	stakeholder	NOUN
hassl-3373	37	14	and	and	CCONJ
hassl-3373	37	15	shareholders	shareholder	NOUN
hassl-3373	37	16	as	as	SCONJ
hassl-3373	37	17	they	they	PRON
hassl-3373	37	18	seek	seek	VERB
hassl-3373	37	19	reassurance	reassurance	NOUN
hassl-3373	37	20	regarding	regard	VERB
hassl-3373	37	21	the	the	DET
hassl-3373	37	22	continuation	continuation	NOUN
hassl-3373	37	23	of	of	ADP
hassl-3373	37	24	business	business	NOUN
hassl-3373	37	25	operations	operation	NOUN
hassl-3373	37	26	in	in	ADP
hassl-3373	37	27	the	the	DET
hassl-3373	37	28	midst	midst	NOUN
hassl-3373	37	29	of	of	ADP
hassl-3373	37	30	the	the	DET
hassl-3373	37	31	covid-19	covid-19	PROPN
hassl-3373	37	32	pandemic	pandemic	NOUN
hassl-3373	37	33	and	and	CCONJ
hassl-3373	37	34	the	the	DET
hassl-3373	37	35	various	various	ADJ
hassl-3373	37	36	regulations	regulation	NOUN
hassl-3373	37	37	that	that	PRON
hassl-3373	37	38	limit	limit	VERB
hassl-3373	37	39	business	business	NOUN
hassl-3373	37	40	activities	activity	NOUN
hassl-3373	37	41	,	,	PUNCT
hassl-3373	37	42	such	such	ADJ
hassl-3373	37	43	as	as	ADP
hassl-3373	37	44	regulations	regulation	NOUN
hassl-3373	37	45	for	for	ADP
hassl-3373	37	46	locking	lock	VERB
hassl-3373	37	47	down	down	ADP
hassl-3373	37	48	in	in	ADP
hassl-3373	37	49	many	many	ADJ
hassl-3373	37	50	countries	country	NOUN
hassl-3373	37	51	and	and	CCONJ
hassl-3373	37	52	the	the	DET
hassl-3373	37	53	enactment	enactment	NOUN
hassl-3373	37	54	of	of	ADP
hassl-3373	37	55	the	the	DET
hassl-3373	37	56	psbb	psbb	NOUN
hassl-3373	37	57	(	(	PUNCT
hassl-3373	37	58	social	social	ADJ
hassl-3373	37	59	restrictions	restriction	NOUN
hassl-3373	37	60	)	)	PUNCT
hassl-3373	37	61	in	in	ADP
hassl-3373	37	62	indonesia	indonesia	PROPN
hassl-3373	37	63	.	.	PUNCT
hassl-3373	38	1	the	the	DET
hassl-3373	38	2	covid-19	covid-19	PROPN
hassl-3373	38	3	pandemic	pandemic	ADJ
hassl-3373	38	4	outbreak	outbreak	NOUN
hassl-3373	38	5	resulted	result	VERB
hassl-3373	38	6	in	in	ADP
hassl-3373	38	7	a	a	DET
hassl-3373	38	8	drastic	drastic	ADJ
hassl-3373	38	9	decline	decline	NOUN
hassl-3373	38	10	in	in	ADP
hassl-3373	38	11	firm	firm	ADJ
hassl-3373	38	12	income	income	NOUN
hassl-3373	38	13	as	as	SCONJ
hassl-3373	38	14	they	they	PRON
hassl-3373	38	15	experienced	experience	VERB
hassl-3373	38	16	problems	problem	NOUN
hassl-3373	38	17	related	relate	VERB
hassl-3373	38	18	to	to	ADP
hassl-3373	38	19	cash	cash	NOUN
hassl-3373	38	20	flow	flow	NOUN
hassl-3373	38	21	,	,	PUNCT
hassl-3373	38	22	consumer	consumer	NOUN
hassl-3373	38	23	demand	demand	NOUN
hassl-3373	38	24	,	,	PUNCT
hassl-3373	38	25	marketing	marketing	NOUN
hassl-3373	38	26	,	,	PUNCT
hassl-3373	38	27	and	and	CCONJ
hassl-3373	38	28	supply	supply	NOUN
hassl-3373	38	29	chains	chain	NOUN
hassl-3373	38	30	,	,	PUNCT
hassl-3373	38	31	forcing	force	VERB
hassl-3373	38	32	many	many	ADJ
hassl-3373	38	33	to	to	PART
hassl-3373	38	34	go	go	VERB
hassl-3373	38	35	out	out	ADP
hassl-3373	38	36	of	of	ADP
hassl-3373	38	37	business	business	NOUN
hassl-3373	38	38	(	(	PUNCT
hassl-3373	38	39	donthu	donthu	PROPN
hassl-3373	38	40	&	&	CCONJ
hassl-3373	38	41	gustafsson	gustafsson	PROPN
hassl-3373	38	42	,	,	PUNCT
hassl-3373	38	43	2020	2020	NUM
hassl-3373	38	44	)	)	PUNCT
hassl-3373	38	45	.	.	PUNCT
hassl-3373	39	1	this	this	PRON
hassl-3373	39	2	led	lead	VERB
hassl-3373	39	3	to	to	ADP
hassl-3373	39	4	unprecedented	unprecedented	ADJ
hassl-3373	39	5	trade	trade	NOUN
hassl-3373	39	6	disruptions	disruption	NOUN
hassl-3373	39	7	in	in	ADP
hassl-3373	39	8	most	most	ADJ
hassl-3373	39	9	industrial	industrial	ADJ
hassl-3373	39	10	sectors	sector	NOUN
hassl-3373	39	11	.	.	PUNCT
hassl-3373	40	1	a	a	DET
hassl-3373	40	2	firm	firm	NOUN
hassl-3373	40	3	's	's	PART
hassl-3373	40	4	financial	financial	ADJ
hassl-3373	40	5	condition	condition	NOUN
hassl-3373	40	6	also	also	ADV
hassl-3373	40	7	felt	feel	VERB
hassl-3373	40	8	the	the	DET
hassl-3373	40	9	impact	impact	NOUN
hassl-3373	40	10	of	of	ADP
hassl-3373	40	11	this	this	DET
hassl-3373	40	12	pandemic	pandemic	NOUN
hassl-3373	40	13	.	.	PUNCT
hassl-3373	41	1	for	for	ADP
hassl-3373	41	2	example	example	NOUN
hassl-3373	41	3	,	,	PUNCT
hassl-3373	41	4	the	the	DET
hassl-3373	41	5	number	number	NOUN
hassl-3373	41	6	of	of	ADP
hassl-3373	41	7	cash	cash	NOUN
hassl-3373	41	8	holdings	holding	NOUN
hassl-3373	41	9	and	and	CCONJ
hassl-3373	41	10	the	the	DET
hassl-3373	41	11	amount	amount	NOUN
hassl-3373	41	12	of	of	ADP
hassl-3373	41	13	debt	debt	NOUN
hassl-3373	41	14	borne	bear	VERB
hassl-3373	41	15	are	be	AUX
hassl-3373	41	16	essential	essential	ADJ
hassl-3373	41	17	concerns	concern	NOUN
hassl-3373	41	18	for	for	ADP
hassl-3373	41	19	firm	firm	ADJ
hassl-3373	41	20	survival	survival	NOUN
hassl-3373	41	21	.	.	PUNCT
hassl-3373	42	1	joseph	joseph	PROPN
hassl-3373	42	2	,	,	PUNCT
hassl-3373	42	3	kneer	kneer	PROPN
hassl-3373	42	4	,	,	PUNCT
hassl-3373	42	5	and	and	CCONJ
hassl-3373	42	6	van	van	PROPN
hassl-3373	42	7	horen	horen	NOUN
hassl-3373	42	8	(	(	PUNCT
hassl-3373	42	9	2020	2020	NUM
hassl-3373	42	10	)	)	PUNCT
hassl-3373	42	11	stated	state	VERB
hassl-3373	42	12	that	that	SCONJ
hassl-3373	42	13	a	a	DET
hassl-3373	42	14	firm	firm	NOUN
hassl-3373	42	15	's	's	PART
hassl-3373	42	16	cash	cash	NOUN
hassl-3373	42	17	holdings	holding	NOUN
hassl-3373	42	18	before	before	SCONJ
hassl-3373	42	19	the	the	DET
hassl-3373	42	20	crisis	crisis	NOUN
hassl-3373	42	21	had	have	VERB
hassl-3373	42	22	a	a	DET
hassl-3373	42	23	positive	positive	ADJ
hassl-3373	42	24	impact	impact	NOUN
hassl-3373	42	25	on	on	ADP
hassl-3373	42	26	investment	investment	NOUN
hassl-3373	42	27	during	during	ADP
hassl-3373	42	28	the	the	DET
hassl-3373	42	29	crisis	crisis	NOUN
hassl-3373	42	30	and	and	CCONJ
hassl-3373	42	31	increased	increase	VERB
hassl-3373	42	32	a	a	DET
hassl-3373	42	33	firm	firm	NOUN
hassl-3373	42	34	's	's	PART
hassl-3373	42	35	competitive	competitive	ADJ
hassl-3373	42	36	advantage	advantage	NOUN
hassl-3373	42	37	during	during	ADP
hassl-3373	42	38	the	the	DET
hassl-3373	42	39	recovery	recovery	NOUN
hassl-3373	42	40	phase	phase	NOUN
hassl-3373	42	41	.	.	PUNCT
hassl-3373	43	1	covid-19	covid-19	PROPN
hassl-3373	43	2	not	not	PART
hassl-3373	43	3	only	only	ADV
hassl-3373	43	4	impacted	impact	VERB
hassl-3373	43	5	firms	firm	NOUN
hassl-3373	43	6	'	'	PART
hassl-3373	43	7	financial	financial	ADJ
hassl-3373	43	8	condition	condition	NOUN
hassl-3373	43	9	,	,	PUNCT
hassl-3373	43	10	it	it	PRON
hassl-3373	43	11	also	also	ADV
hassl-3373	43	12	had	have	VERB
hassl-3373	43	13	a	a	DET
hassl-3373	43	14	significant	significant	ADJ
hassl-3373	43	15	impact	impact	NOUN
hassl-3373	43	16	on	on	ADP
hassl-3373	43	17	the	the	DET
hassl-3373	43	18	stock	stock	NOUN
hassl-3373	43	19	market	market	NOUN
hassl-3373	43	20	(	(	PUNCT
hassl-3373	43	21	baker	baker	PROPN
hassl-3373	43	22	et	et	PROPN
hassl-3373	43	23	al	al	PROPN
hassl-3373	43	24	.	.	PROPN
hassl-3373	43	25	,	,	PUNCT
hassl-3373	43	26	2020	2020	NUM
hassl-3373	43	27	;	;	PUNCT
hassl-3373	43	28	huo	huo	PROPN
hassl-3373	43	29	&	&	CCONJ
hassl-3373	43	30	qiu	qiu	PROPN
hassl-3373	43	31	,	,	PUNCT
hassl-3373	43	32	2020	2020	NUM
hassl-3373	43	33	)	)	PUNCT
hassl-3373	43	34	.	.	PUNCT
hassl-3373	44	1	investors	investor	NOUN
hassl-3373	44	2	are	be	AUX
hassl-3373	44	3	becoming	become	VERB
hassl-3373	44	4	more	more	ADV
hassl-3373	44	5	sensitive	sensitive	ADJ
hassl-3373	44	6	in	in	ADP
hassl-3373	44	7	capturing	capture	VERB
hassl-3373	44	8	the	the	DET
hassl-3373	44	9	signals	signal	NOUN
hassl-3373	44	10	given	give	VERB
hassl-3373	44	11	by	by	ADP
hassl-3373	44	12	firms	firm	NOUN
hassl-3373	44	13	and	and	CCONJ
hassl-3373	44	14	the	the	DET
hassl-3373	44	15	issues	issue	NOUN
hassl-3373	44	16	that	that	PRON
hassl-3373	44	17	exist	exist	VERB
hassl-3373	44	18	,	,	PUNCT
hassl-3373	44	19	and	and	CCONJ
hassl-3373	44	20	they	they	PRON
hassl-3373	44	21	increasingly	increasingly	ADV
hassl-3373	44	22	consider	consider	VERB
hassl-3373	44	23	every	every	DET
hassl-3373	44	24	piece	piece	NOUN
hassl-3373	44	25	of	of	ADP
hassl-3373	44	26	information	information	NOUN
hassl-3373	44	27	received	receive	VERB
hassl-3373	44	28	before	before	ADP
hassl-3373	44	29	making	make	VERB
hassl-3373	44	30	investment	investment	NOUN
hassl-3373	44	31	decisions	decision	NOUN
hassl-3373	44	32	,	,	PUNCT
hassl-3373	44	33	e.g.	e.g.	ADV
hassl-3373	44	34	,	,	PUNCT
hassl-3373	44	35	on	on	ADP
hassl-3373	44	36	stocks	stock	NOUN
hassl-3373	44	37	.	.	PUNCT
hassl-3373	45	1	as	as	ADP
hassl-3373	45	2	a	a	DET
hassl-3373	45	3	result	result	NOUN
hassl-3373	45	4	,	,	PUNCT
hassl-3373	45	5	stock	stock	NOUN
hassl-3373	45	6	price	price	NOUN
hassl-3373	45	7	volatility	volatility	NOUN
hassl-3373	45	8	occurred	occur	VERB
hassl-3373	45	9	during	during	ADP
hassl-3373	45	10	the	the	DET
hassl-3373	45	11	covid-19	covid-19	PROPN
hassl-3373	45	12	pandemic	pandemic	NOUN
hassl-3373	45	13	.	.	PUNCT
hassl-3373	46	1	the	the	DET
hassl-3373	46	2	emergence	emergence	NOUN
hassl-3373	46	3	of	of	ADP
hassl-3373	46	4	covid-19	covid-19	PROPN
hassl-3373	46	5	has	have	AUX
hassl-3373	46	6	had	have	VERB
hassl-3373	46	7	a	a	DET
hassl-3373	46	8	widespread	widespread	ADJ
hassl-3373	46	9	impact	impact	NOUN
hassl-3373	46	10	on	on	ADP
hassl-3373	46	11	the	the	DET
hassl-3373	46	12	economic	economic	ADJ
hassl-3373	46	13	sector	sector	NOUN
hassl-3373	46	14	and	and	CCONJ
hassl-3373	46	15	increased	increase	VERB
hassl-3373	46	16	financial	financial	ADJ
hassl-3373	46	17	risk	risk	NOUN
hassl-3373	46	18	.	.	PUNCT
hassl-3373	47	1	the	the	DET
hassl-3373	47	2	spread	spread	NOUN
hassl-3373	47	3	of	of	ADP
hassl-3373	47	4	the	the	DET
hassl-3373	47	5	pandemic	pandemic	NOUN
hassl-3373	47	6	was	be	AUX
hassl-3373	47	7	a	a	DET
hassl-3373	47	8	surprise	surprise	NOUN
hassl-3373	47	9	for	for	ADP
hassl-3373	47	10	capital	capital	NOUN
hassl-3373	47	11	market	market	NOUN
hassl-3373	47	12	participants	participant	NOUN
hassl-3373	47	13	(	(	PUNCT
hassl-3373	47	14	ramelli	ramelli	PROPN
hassl-3373	47	15	&	&	CCONJ
hassl-3373	47	16	wagner	wagner	PROPN
hassl-3373	47	17	,	,	PUNCT
hassl-3373	47	18	2020	2020	NUM
hassl-3373	47	19	)	)	PUNCT
hassl-3373	47	20	,	,	PUNCT
hassl-3373	47	21	especially	especially	ADV
hassl-3373	47	22	for	for	ADP
hassl-3373	47	23	developing	develop	VERB
hassl-3373	47	24	countries	country	NOUN
hassl-3373	47	25	such	such	ADJ
hassl-3373	47	26	as	as	ADP
hassl-3373	47	27	indonesia	indonesia	PROPN
hassl-3373	47	28	.	.	PUNCT
hassl-3373	48	1	various	various	ADJ
hassl-3373	48	2	policies	policy	NOUN
hassl-3373	48	3	from	from	ADP
hassl-3373	48	4	companies	company	NOUN
hassl-3373	48	5	and	and	CCONJ
hassl-3373	48	6	the	the	DET
hassl-3373	48	7	government	government	NOUN
hassl-3373	48	8	(	(	PUNCT
hassl-3373	48	9	such	such	ADJ
hassl-3373	48	10	as	as	ADP
hassl-3373	48	11	the	the	DET
hassl-3373	48	12	psbb	psbb	NOUN
hassl-3373	48	13	)	)	PUNCT
hassl-3373	48	14	triggered	trigger	VERB
hassl-3373	48	15	diverse	diverse	ADJ
hassl-3373	48	16	investor	investor	NOUN
hassl-3373	48	17	reactions	reaction	NOUN
hassl-3373	48	18	which	which	PRON
hassl-3373	48	19	were	be	AUX
hassl-3373	48	20	reflected	reflect	VERB
hassl-3373	48	21	in	in	ADP
hassl-3373	48	22	stock	stock	NOUN
hassl-3373	48	23	prices	price	NOUN
hassl-3373	48	24	and	and	CCONJ
hassl-3373	48	25	firm	firm	ADJ
hassl-3373	48	26	value	value	NOUN
hassl-3373	48	27	,	,	PUNCT
hassl-3373	48	28	so	so	CCONJ
hassl-3373	48	29	the	the	DET
hassl-3373	48	30	factors	factor	NOUN
hassl-3373	48	31	that	that	PRON
hassl-3373	48	32	affect	affect	VERB
hassl-3373	48	33	investor	investor	NOUN
hassl-3373	48	34	demand	demand	NOUN
hassl-3373	48	35	and	and	CCONJ
hassl-3373	48	36	firm	firm	ADJ
hassl-3373	48	37	value	value	NOUN
hassl-3373	48	38	should	should	AUX
hassl-3373	48	39	be	be	AUX
hassl-3373	48	40	studied	study	VERB
hassl-3373	48	41	more	more	ADV
hassl-3373	48	42	deeply	deeply	ADV
hassl-3373	48	43	,	,	PUNCT
hassl-3373	48	44	especially	especially	ADV
hassl-3373	48	45	during	during	ADP
hassl-3373	48	46	the	the	DET
hassl-3373	48	47	covid-19	covid-19	PROPN
hassl-3373	48	48	pandemic	pandemic	NOUN
hassl-3373	48	49	.	.	PUNCT
hassl-3373	49	1	during	during	ADP
hassl-3373	49	2	the	the	DET
hassl-3373	49	3	covid-19	covid-19	PROPN
hassl-3373	49	4	pandemic	pandemic	NOUN
hassl-3373	49	5	,	,	PUNCT
hassl-3373	49	6	the	the	DET
hassl-3373	49	7	cooperative	cooperative	ADJ
hassl-3373	49	8	relationship	relationship	NOUN
hassl-3373	49	9	between	between	ADP
hassl-3373	49	10	indonesian	indonesian	ADJ
hassl-3373	49	11	and	and	CCONJ
hassl-3373	49	12	chinese	chinese	ADJ
hassl-3373	49	13	companies	company	NOUN
hassl-3373	49	14	,	,	PUNCT
hassl-3373	49	15	both	both	CCONJ
hassl-3373	49	16	in	in	ADP
hassl-3373	49	17	export	export	NOUN
hassl-3373	49	18	and	and	CCONJ
hassl-3373	49	19	import	import	NOUN
hassl-3373	49	20	activities	activity	NOUN
hassl-3373	49	21	,	,	PUNCT
hassl-3373	49	22	were	be	AUX
hassl-3373	49	23	affected	affect	VERB
hassl-3373	49	24	.	.	PUNCT
hassl-3373	50	1	furthermore	furthermore	ADV
hassl-3373	50	2	,	,	PUNCT
hassl-3373	50	3	other	other	ADJ
hassl-3373	50	4	activities	activity	NOUN
hassl-3373	50	5	carried	carry	VERB
hassl-3373	50	6	out	out	ADP
hassl-3373	50	7	by	by	ADP
hassl-3373	50	8	china	china	PROPN
hassl-3373	50	9	also	also	ADV
hassl-3373	50	10	provided	provide	VERB
hassl-3373	50	11	exposure	exposure	NOUN
hassl-3373	50	12	to	to	ADP
hassl-3373	50	13	companies	company	NOUN
hassl-3373	50	14	,	,	PUNCT
hassl-3373	50	15	such	such	ADJ
hassl-3373	50	16	as	as	ADP
hassl-3373	50	17	the	the	DET
hassl-3373	50	18	trade	trade	NOUN
hassl-3373	50	19	war	war	NOUN
hassl-3373	50	20	between	between	ADP
hassl-3373	50	21	china	china	PROPN
hassl-3373	50	22	and	and	CCONJ
hassl-3373	50	23	the	the	DET
hassl-3373	50	24	united	united	PROPN
hassl-3373	50	25	states	states	PROPN
hassl-3373	50	26	in	in	ADP
hassl-3373	50	27	2019	2019	NUM
hassl-3373	50	28	,	,	PUNCT
hassl-3373	50	29	which	which	PRON
hassl-3373	50	30	caused	cause	VERB
hassl-3373	50	31	the	the	DET
hassl-3373	50	32	global	global	ADJ
hassl-3373	50	33	economy	economy	NOUN
hassl-3373	50	34	to	to	PART
hassl-3373	50	35	decline	decline	VERB
hassl-3373	50	36	.	.	PUNCT
hassl-3373	51	1	disclosures	disclosure	NOUN
hassl-3373	51	2	made	make	VERB
hassl-3373	51	3	by	by	ADP
hassl-3373	51	4	companies	company	NOUN
hassl-3373	51	5	on	on	ADP
hassl-3373	51	6	perceived	perceive	VERB
hassl-3373	51	7	exposures	exposure	NOUN
hassl-3373	51	8	due	due	ADJ
hassl-3373	51	9	to	to	ADP
hassl-3373	51	10	activities	activity	NOUN
hassl-3373	51	11	involving	involve	VERB
hassl-3373	51	12	china	china	PROPN
hassl-3373	51	13	also	also	ADV
hassl-3373	51	14	affected	affect	VERB
hassl-3373	51	15	investors	investor	NOUN
hassl-3373	51	16	'	'	PART
hassl-3373	51	17	assessment	assessment	NOUN
hassl-3373	51	18	of	of	ADP
hassl-3373	51	19	a	a	DET
hassl-3373	51	20	firm	firm	NOUN
hassl-3373	51	21	.	.	PUNCT
hassl-3373	52	1	this	this	DET
hassl-3373	52	2	paper	paper	NOUN
hassl-3373	52	3	investigates	investigate	VERB
hassl-3373	52	4	the	the	DET
hassl-3373	52	5	effect	effect	NOUN
hassl-3373	52	6	of	of	ADP
hassl-3373	52	7	covid-19	covid-19	PROPN
hassl-3373	52	8	and	and	CCONJ
hassl-3373	52	9	china	china	PROPN
hassl-3373	52	10	exposure	exposure	NOUN
hassl-3373	52	11	disclosed	disclose	VERB
hassl-3373	52	12	by	by	ADP
hassl-3373	52	13	firms	firm	NOUN
hassl-3373	52	14	in	in	ADP
hassl-3373	52	15	annual	annual	ADJ
hassl-3373	52	16	reports	report	NOUN
hassl-3373	52	17	on	on	ADP
hassl-3373	52	18	firm	firm	ADJ
hassl-3373	52	19	value	value	NOUN
hassl-3373	52	20	.	.	PUNCT
hassl-3373	53	1	using	use	VERB
hassl-3373	53	2	430	430	NUM
hassl-3373	53	3	firm	firm	ADJ
hassl-3373	53	4	-	-	PUNCT
hassl-3373	53	5	year	year	NOUN
hassl-3373	53	6	observations	observation	NOUN
hassl-3373	53	7	from	from	ADP
hassl-3373	53	8	firms	firm	NOUN
hassl-3373	53	9	listed	list	VERB
hassl-3373	53	10	on	on	ADP
hassl-3373	53	11	the	the	DET
hassl-3373	53	12	indonesia	indonesia	PROPN
hassl-3373	53	13	stock	stock	PROPN
hassl-3373	53	14	exchange	exchange	NOUN
hassl-3373	53	15	in	in	ADP
hassl-3373	53	16	2019	2019	NUM
hassl-3373	53	17	,	,	PUNCT
hassl-3373	53	18	which	which	PRON
hassl-3373	53	19	were	be	AUX
hassl-3373	53	20	analyzed	analyze	VERB
hassl-3373	53	21	using	use	VERB
hassl-3373	53	22	ols	ol	NOUN
hassl-3373	53	23	regression	regression	NOUN
hassl-3373	53	24	with	with	ADP
hassl-3373	53	25	stata	stata	NOUN
hassl-3373	53	26	17.0	17.0	NUM
hassl-3373	53	27	software	software	NOUN
hassl-3373	53	28	,	,	PUNCT
hassl-3373	53	29	the	the	DET
hassl-3373	53	30	results	result	NOUN
hassl-3373	53	31	showed	show	VERB
hassl-3373	53	32	a	a	DET
hassl-3373	53	33	positive	positive	ADJ
hassl-3373	53	34	and	and	CCONJ
hassl-3373	53	35	statistically	statistically	ADV
hassl-3373	53	36	significant	significant	ADJ
hassl-3373	53	37	relationship	relationship	NOUN
hassl-3373	53	38	between	between	ADP
hassl-3373	53	39	covid-19	covid-19	PROPN
hassl-3373	53	40	and	and	CCONJ
hassl-3373	53	41	firm	firm	ADJ
hassl-3373	53	42	value	value	NOUN
hassl-3373	53	43	.	.	PUNCT
hassl-3373	54	1	the	the	DET
hassl-3373	54	2	same	same	ADJ
hassl-3373	54	3	results	result	NOUN
hassl-3373	54	4	are	be	AUX
hassl-3373	54	5	also	also	ADV
hassl-3373	54	6	shown	show	VERB
hassl-3373	54	7	in	in	ADP
hassl-3373	54	8	the	the	DET
hassl-3373	54	9	relationship	relationship	NOUN
hassl-3373	54	10	between	between	ADP
hassl-3373	54	11	china	china	PROPN
hassl-3373	54	12	's	's	PART
hassl-3373	54	13	exposure	exposure	NOUN
hassl-3373	54	14	and	and	CCONJ
hassl-3373	54	15	firm	firm	ADJ
hassl-3373	54	16	value	value	NOUN
hassl-3373	54	17	.	.	PUNCT
hassl-3373	55	1	the	the	DET
hassl-3373	55	2	heckman	heckman	PROPN
hassl-3373	55	3	two	two	NUM
hassl-3373	55	4	-	-	PUNCT
hassl-3373	55	5	stage	stage	NOUN
hassl-3373	55	6	test	test	NOUN
hassl-3373	55	7	confirmed	confirm	VERB
hassl-3373	55	8	the	the	DET
hassl-3373	55	9	robustness	robustness	NOUN
hassl-3373	55	10	of	of	ADP
hassl-3373	55	11	these	these	DET
hassl-3373	55	12	results	result	NOUN
hassl-3373	55	13	.	.	PUNCT
hassl-3373	56	1	thus	thus	ADV
hassl-3373	56	2	,	,	PUNCT
hassl-3373	56	3	firms	firm	NOUN
hassl-3373	56	4	that	that	PRON
hassl-3373	56	5	disclose	disclose	VERB
hassl-3373	56	6	exposure	exposure	NOUN
hassl-3373	56	7	to	to	ADP
hassl-3373	56	8	the	the	DET
hassl-3373	56	9	covid-19	covid-19	PROPN
hassl-3373	56	10	pandemic	pandemic	ADJ
hassl-3373	56	11	and	and	CCONJ
hassl-3373	56	12	activities	activity	NOUN
hassl-3373	56	13	carried	carry	VERB
hassl-3373	56	14	out	out	ADP
hassl-3373	56	15	by	by	ADP
hassl-3373	56	16	china	china	PROPN
hassl-3373	56	17	can	can	AUX
hassl-3373	56	18	increase	increase	VERB
hassl-3373	56	19	firm	firm	ADJ
hassl-3373	56	20	value	value	NOUN
hassl-3373	56	21	.	.	PUNCT
hassl-3373	57	1	furthermore	furthermore	ADV
hassl-3373	57	2	,	,	PUNCT
hassl-3373	57	3	this	this	DET
hassl-3373	57	4	study	study	NOUN
hassl-3373	57	5	also	also	ADV
hassl-3373	57	6	shows	show	VERB
hassl-3373	57	7	that	that	SCONJ
hassl-3373	57	8	disclosure	disclosure	NOUN
hassl-3373	57	9	of	of	ADP
hassl-3373	57	10	covid-19	covid-19	PROPN
hassl-3373	57	11	and	and	CCONJ
hassl-3373	57	12	china	china	PROPN
hassl-3373	57	13	's	's	PART
hassl-3373	57	14	exposure	exposure	NOUN
hassl-3373	57	15	to	to	ADP
hassl-3373	57	16	firms	firm	NOUN
hassl-3373	57	17	with	with	ADP
hassl-3373	57	18	high	high	ADJ
hassl-3373	57	19	leverage	leverage	NOUN
hassl-3373	57	20	levels	level	NOUN
hassl-3373	57	21	can	can	AUX
hassl-3373	57	22	further	far	ADV
hassl-3373	57	23	increase	increase	VERB
hassl-3373	57	24	firm	firm	ADJ
hassl-3373	57	25	value	value	NOUN
hassl-3373	57	26	.	.	PUNCT
hassl-3373	58	1	an	an	DET
hassl-3373	58	2	essential	essential	ADJ
hassl-3373	58	3	contribution	contribution	NOUN
hassl-3373	58	4	is	be	AUX
hassl-3373	58	5	expected	expect	VERB
hassl-3373	58	6	from	from	ADP
hassl-3373	58	7	the	the	DET
hassl-3373	58	8	results	result	NOUN
hassl-3373	58	9	of	of	ADP
hassl-3373	58	10	this	this	DET
hassl-3373	58	11	study	study	NOUN
hassl-3373	58	12	.	.	PUNCT
hassl-3373	59	1	first	first	ADV
hassl-3373	59	2	,	,	PUNCT
hassl-3373	59	3	this	this	DET
hassl-3373	59	4	research	research	NOUN
hassl-3373	59	5	makes	make	VERB
hassl-3373	59	6	a	a	DET
hassl-3373	59	7	practical	practical	ADJ
hassl-3373	59	8	contribution	contribution	NOUN
hassl-3373	59	9	to	to	ADP
hassl-3373	59	10	firms	firm	NOUN
hassl-3373	59	11	.	.	PUNCT
hassl-3373	60	1	with	with	ADP
hassl-3373	60	2	the	the	DET
hassl-3373	60	3	results	result	NOUN
hassl-3373	60	4	of	of	ADP
hassl-3373	60	5	this	this	DET
hassl-3373	60	6	study	study	NOUN
hassl-3373	60	7	,	,	PUNCT
hassl-3373	60	8	firms	firm	NOUN
hassl-3373	60	9	can	can	AUX
hassl-3373	60	10	determine	determine	VERB
hassl-3373	60	11	what	what	DET
hassl-3373	60	12	factors	factor	NOUN
hassl-3373	60	13	can	can	AUX
hassl-3373	60	14	increase	increase	VERB
hassl-3373	60	15	firm	firm	ADJ
hassl-3373	60	16	value	value	NOUN
hassl-3373	60	17	,	,	PUNCT
hassl-3373	60	18	including	include	VERB
hassl-3373	60	19	the	the	DET
hassl-3373	60	20	provision	provision	NOUN
hassl-3373	60	21	of	of	ADP
hassl-3373	60	22	clear	clear	ADJ
hassl-3373	60	23	disclosures	disclosure	NOUN
hassl-3373	60	24	on	on	ADP
hassl-3373	60	25	firm	firm	ADJ
hassl-3373	60	26	conditions	condition	NOUN
hassl-3373	60	27	such	such	ADJ
hassl-3373	60	28	as	as	ADP
hassl-3373	60	29	covid-19	covid-19	PROPN
hassl-3373	60	30	and	and	CCONJ
hassl-3373	60	31	china	china	PROPN
hassl-3373	60	32	exposure	exposure	NOUN
hassl-3373	60	33	.	.	PUNCT
hassl-3373	61	1	these	these	DET
hassl-3373	61	2	factors	factor	NOUN
hassl-3373	61	3	can	can	AUX
hassl-3373	61	4	then	then	ADV
hassl-3373	61	5	be	be	AUX
hassl-3373	61	6	applied	apply	VERB
hassl-3373	61	7	in	in	ADP
hassl-3373	61	8	policies	policy	NOUN
hassl-3373	61	9	to	to	PART
hassl-3373	61	10	increase	increase	VERB
hassl-3373	61	11	firm	firm	ADJ
hassl-3373	61	12	value	value	NOUN
hassl-3373	61	13	.	.	PUNCT
hassl-3373	62	1	second	second	ADJ
hassl-3373	62	2	,	,	PUNCT
hassl-3373	62	3	the	the	DET
hassl-3373	62	4	results	result	NOUN
hassl-3373	62	5	of	of	ADP
hassl-3373	62	6	this	this	DET
hassl-3373	62	7	study	study	NOUN
hassl-3373	62	8	enrich	enrich	VERB
hassl-3373	62	9	the	the	DET
hassl-3373	62	10	literature	literature	NOUN
hassl-3373	62	11	on	on	ADP
hassl-3373	62	12	related	related	ADJ
hassl-3373	62	13	topics	topic	NOUN
hassl-3373	62	14	,	,	PUNCT
hassl-3373	62	15	especially	especially	ADV
hassl-3373	62	16	firm	firm	ADJ
hassl-3373	62	17	performance	performance	NOUN
hassl-3373	62	18	during	during	ADP
hassl-3373	62	19	the	the	DET
hassl-3373	62	20	pandemic	pandemic	NOUN
hassl-3373	62	21	.	.	PUNCT
hassl-3373	63	1	third	third	ADJ
hassl-3373	63	2	,	,	PUNCT
hassl-3373	63	3	the	the	DET
hassl-3373	63	4	outcome	outcome	NOUN
hassl-3373	63	5	can	can	AUX
hassl-3373	63	6	contribute	contribute	VERB
hassl-3373	63	7	to	to	ADP
hassl-3373	63	8	future	future	ADJ
hassl-3373	63	9	studies	study	NOUN
hassl-3373	63	10	to	to	PART
hassl-3373	63	11	develop	develop	VERB
hassl-3373	63	12	research	research	NOUN
hassl-3373	63	13	on	on	ADP
hassl-3373	63	14	related	related	ADJ
hassl-3373	63	15	topics	topic	NOUN
hassl-3373	63	16	and	and	CCONJ
hassl-3373	63	17	refine	refine	VERB
hassl-3373	63	18	the	the	DET
hassl-3373	63	19	limitations	limitation	NOUN
hassl-3373	63	20	of	of	ADP
hassl-3373	63	21	this	this	DET
hassl-3373	63	22	study	study	NOUN
hassl-3373	63	23	.	.	PUNCT
hassl-3373	64	1	this	this	DET
hassl-3373	64	2	paper	paper	NOUN
hassl-3373	64	3	consists	consist	VERB
hassl-3373	64	4	of	of	ADP
hassl-3373	64	5	several	several	ADJ
hassl-3373	64	6	sections	section	NOUN
hassl-3373	64	7	.	.	PUNCT
hassl-3373	65	1	after	after	ADP
hassl-3373	65	2	the	the	DET
hassl-3373	65	3	introduction	introduction	NOUN
hassl-3373	65	4	,	,	PUNCT
hassl-3373	65	5	the	the	DET
hassl-3373	65	6	literature	literature	NOUN
hassl-3373	65	7	review	review	NOUN
hassl-3373	65	8	is	be	AUX
hassl-3373	65	9	presented	present	VERB
hassl-3373	65	10	,	,	PUNCT
hassl-3373	65	11	followed	follow	VERB
hassl-3373	65	12	by	by	ADP
hassl-3373	65	13	the	the	DET
hassl-3373	65	14	research	research	NOUN
hassl-3373	65	15	humanities	humanity	NOUN
hassl-3373	65	16	and	and	CCONJ
hassl-3373	65	17	social	social	ADJ
hassl-3373	65	18	sciences	science	NOUN
hassl-3373	65	19	letters	letter	NOUN
hassl-3373	65	20	,	,	PUNCT
hassl-3373	65	21	2023	2023	NUM
hassl-3373	65	22	,	,	PUNCT
hassl-3373	65	23	11(2	11(2	NUM
hassl-3373	65	24	):	):	PUNCT
hassl-3373	65	25	213	213	NUM
hassl-3373	65	26	-	-	SYM
hassl-3373	65	27	227	227	NUM
hassl-3373	65	28	215	215	NUM
hassl-3373	65	29	©	©	PROPN
hassl-3373	65	30	2023	2023	NUM
hassl-3373	65	31	conscientia	conscientia	PROPN
hassl-3373	65	32	beam	beam	PROPN
hassl-3373	65	33	.	.	PUNCT
hassl-3373	66	1	all	all	DET
hassl-3373	66	2	rights	right	NOUN
hassl-3373	66	3	reserved	reserve	VERB
hassl-3373	66	4	.	.	PUNCT
hassl-3373	67	1	method	method	PROPN
hassl-3373	67	2	.	.	PUNCT
hassl-3373	68	1	the	the	DET
hassl-3373	68	2	results	result	NOUN
hassl-3373	68	3	and	and	CCONJ
hassl-3373	68	4	discussion	discussion	NOUN
hassl-3373	68	5	of	of	ADP
hassl-3373	68	6	the	the	DET
hassl-3373	68	7	tests	test	NOUN
hassl-3373	68	8	that	that	PRON
hassl-3373	68	9	have	have	AUX
hassl-3373	68	10	been	be	AUX
hassl-3373	68	11	carried	carry	VERB
hassl-3373	68	12	out	out	ADP
hassl-3373	68	13	are	be	AUX
hassl-3373	68	14	in	in	ADP
hassl-3373	68	15	the	the	DET
hassl-3373	68	16	fourth	fourth	ADJ
hassl-3373	68	17	section	section	NOUN
hassl-3373	68	18	.	.	PUNCT
hassl-3373	69	1	the	the	DET
hassl-3373	69	2	fifth	fifth	ADJ
hassl-3373	69	3	section	section	NOUN
hassl-3373	69	4	contains	contain	VERB
hassl-3373	69	5	the	the	DET
hassl-3373	69	6	limitations	limitation	NOUN
hassl-3373	69	7	,	,	PUNCT
hassl-3373	69	8	and	and	CCONJ
hassl-3373	69	9	the	the	DET
hassl-3373	69	10	final	final	ADJ
hassl-3373	69	11	section	section	NOUN
hassl-3373	69	12	presents	present	VERB
hassl-3373	69	13	the	the	DET
hassl-3373	69	14	conclusions	conclusion	NOUN
hassl-3373	69	15	.	.	PUNCT
hassl-3373	70	1	2	2	X
hassl-3373	70	2	.	.	X
hassl-3373	70	3	literature	literature	NOUN
hassl-3373	70	4	review	review	VERB
hassl-3373	70	5	the	the	DET
hassl-3373	70	6	covid-19	covid-19	PROPN
hassl-3373	70	7	pandemic	pandemic	NOUN
hassl-3373	70	8	has	have	AUX
hassl-3373	70	9	brought	bring	VERB
hassl-3373	70	10	significant	significant	ADJ
hassl-3373	70	11	changes	change	NOUN
hassl-3373	70	12	to	to	ADP
hassl-3373	70	13	various	various	ADJ
hassl-3373	70	14	aspects	aspect	NOUN
hassl-3373	70	15	of	of	ADP
hassl-3373	70	16	life	life	NOUN
hassl-3373	70	17	in	in	ADP
hassl-3373	70	18	terms	term	NOUN
hassl-3373	70	19	of	of	ADP
hassl-3373	70	20	health	health	NOUN
hassl-3373	70	21	,	,	PUNCT
hassl-3373	70	22	economy	economy	NOUN
hassl-3373	70	23	,	,	PUNCT
hassl-3373	70	24	and	and	CCONJ
hassl-3373	70	25	international	international	ADJ
hassl-3373	70	26	relations	relation	NOUN
hassl-3373	70	27	.	.	PUNCT
hassl-3373	71	1	the	the	DET
hassl-3373	71	2	covid-19	covid-19	PROPN
hassl-3373	71	3	outbreak	outbreak	NOUN
hassl-3373	71	4	has	have	AUX
hassl-3373	71	5	resulted	result	VERB
hassl-3373	71	6	in	in	ADP
hassl-3373	71	7	a	a	DET
hassl-3373	71	8	drastic	drastic	ADJ
hassl-3373	71	9	decline	decline	NOUN
hassl-3373	71	10	in	in	ADP
hassl-3373	71	11	firm	firm	ADJ
hassl-3373	71	12	income	income	NOUN
hassl-3373	71	13	and	and	CCONJ
hassl-3373	71	14	caused	cause	VERB
hassl-3373	71	15	problems	problem	NOUN
hassl-3373	71	16	related	relate	VERB
hassl-3373	71	17	to	to	ADP
hassl-3373	71	18	cash	cash	NOUN
hassl-3373	71	19	flow	flow	NOUN
hassl-3373	71	20	,	,	PUNCT
hassl-3373	71	21	consumer	consumer	NOUN
hassl-3373	71	22	demand	demand	NOUN
hassl-3373	71	23	,	,	PUNCT
hassl-3373	71	24	marketing	marketing	NOUN
hassl-3373	71	25	,	,	PUNCT
hassl-3373	71	26	supply	supply	NOUN
hassl-3373	71	27	chains	chain	NOUN
hassl-3373	71	28	,	,	PUNCT
hassl-3373	71	29	and	and	CCONJ
hassl-3373	71	30	has	have	AUX
hassl-3373	71	31	even	even	ADV
hassl-3373	71	32	forced	force	VERB
hassl-3373	71	33	many	many	ADJ
hassl-3373	71	34	to	to	PART
hassl-3373	71	35	go	go	VERB
hassl-3373	71	36	out	out	ADP
hassl-3373	71	37	of	of	ADP
hassl-3373	71	38	business	business	NOUN
hassl-3373	71	39	(	(	PUNCT
hassl-3373	71	40	donthu	donthu	PROPN
hassl-3373	71	41	&	&	CCONJ
hassl-3373	71	42	gustafsson	gustafsson	PROPN
hassl-3373	71	43	,	,	PUNCT
hassl-3373	71	44	2020	2020	NUM
hassl-3373	71	45	)	)	PUNCT
hassl-3373	71	46	.	.	PUNCT
hassl-3373	72	1	the	the	DET
hassl-3373	72	2	impact	impact	NOUN
hassl-3373	72	3	of	of	ADP
hassl-3373	72	4	the	the	DET
hassl-3373	72	5	pandemic	pandemic	NOUN
hassl-3373	72	6	has	have	AUX
hassl-3373	72	7	also	also	ADV
hassl-3373	72	8	had	have	VERB
hassl-3373	72	9	a	a	DET
hassl-3373	72	10	significant	significant	ADJ
hassl-3373	72	11	impact	impact	NOUN
hassl-3373	72	12	on	on	ADP
hassl-3373	72	13	the	the	DET
hassl-3373	72	14	stock	stock	NOUN
hassl-3373	72	15	market	market	NOUN
hassl-3373	72	16	(	(	PUNCT
hassl-3373	72	17	baker	baker	PROPN
hassl-3373	72	18	et	et	PROPN
hassl-3373	72	19	al	al	PROPN
hassl-3373	72	20	.	.	PROPN
hassl-3373	72	21	,	,	PUNCT
hassl-3373	72	22	2020	2020	NUM
hassl-3373	72	23	;	;	PUNCT
hassl-3373	72	24	huo	huo	PROPN
hassl-3373	72	25	&	&	CCONJ
hassl-3373	72	26	qiu	qiu	PROPN
hassl-3373	72	27	,	,	PUNCT
hassl-3373	72	28	2020	2020	NUM
hassl-3373	72	29	)	)	PUNCT
hassl-3373	72	30	.	.	PUNCT
hassl-3373	73	1	this	this	PRON
hassl-3373	73	2	is	be	AUX
hassl-3373	73	3	supported	support	VERB
hassl-3373	73	4	by	by	ADP
hassl-3373	73	5	signaling	signal	VERB
hassl-3373	73	6	theory	theory	NOUN
hassl-3373	73	7	,	,	PUNCT
hassl-3373	73	8	which	which	PRON
hassl-3373	73	9	describes	describe	VERB
hassl-3373	73	10	the	the	DET
hassl-3373	73	11	signal	signal	NOUN
hassl-3373	73	12	given	give	VERB
hassl-3373	73	13	by	by	ADP
hassl-3373	73	14	a	a	DET
hassl-3373	73	15	firm	firm	NOUN
hassl-3373	73	16	to	to	ADP
hassl-3373	73	17	users	user	NOUN
hassl-3373	73	18	of	of	ADP
hassl-3373	73	19	financial	financial	ADJ
hassl-3373	73	20	statements	statement	NOUN
hassl-3373	73	21	(	(	PUNCT
hassl-3373	73	22	spence	spence	NOUN
hassl-3373	73	23	,	,	PUNCT
hassl-3373	73	24	1973	1973	NUM
hassl-3373	73	25	)	)	PUNCT
hassl-3373	73	26	.	.	PUNCT
hassl-3373	74	1	signals	signal	NOUN
hassl-3373	74	2	arise	arise	VERB
hassl-3373	74	3	when	when	SCONJ
hassl-3373	74	4	the	the	DET
hassl-3373	74	5	sender	sender	NOUN
hassl-3373	74	6	of	of	ADP
hassl-3373	74	7	information	information	NOUN
hassl-3373	74	8	tries	try	VERB
hassl-3373	74	9	to	to	PART
hassl-3373	74	10	provide	provide	VERB
hassl-3373	74	11	relevant	relevant	ADJ
hassl-3373	74	12	information	information	NOUN
hassl-3373	74	13	that	that	PRON
hassl-3373	74	14	can	can	AUX
hassl-3373	74	15	be	be	AUX
hassl-3373	74	16	used	use	VERB
hassl-3373	74	17	by	by	ADP
hassl-3373	74	18	the	the	DET
hassl-3373	74	19	recipient	recipient	NOUN
hassl-3373	74	20	of	of	ADP
hassl-3373	74	21	the	the	DET
hassl-3373	74	22	information	information	NOUN
hassl-3373	74	23	.	.	PUNCT
hassl-3373	75	1	the	the	DET
hassl-3373	75	2	signal	signal	NOUN
hassl-3373	75	3	in	in	ADP
hassl-3373	75	4	the	the	DET
hassl-3373	75	5	form	form	NOUN
hassl-3373	75	6	of	of	ADP
hassl-3373	75	7	information	information	NOUN
hassl-3373	75	8	is	be	AUX
hassl-3373	75	9	then	then	ADV
hassl-3373	75	10	received	receive	VERB
hassl-3373	75	11	by	by	ADP
hassl-3373	75	12	the	the	DET
hassl-3373	75	13	recipient	recipient	NOUN
hassl-3373	75	14	and	and	CCONJ
hassl-3373	75	15	adjusted	adjust	VERB
hassl-3373	75	16	to	to	ADP
hassl-3373	75	17	the	the	DET
hassl-3373	75	18	recipient	recipient	NOUN
hassl-3373	75	19	's	's	PART
hassl-3373	75	20	understanding	understanding	NOUN
hassl-3373	75	21	.	.	PUNCT
hassl-3373	76	1	the	the	DET
hassl-3373	76	2	signal	signal	NOUN
hassl-3373	76	3	given	give	VERB
hassl-3373	76	4	can	can	AUX
hassl-3373	76	5	be	be	AUX
hassl-3373	76	6	either	either	CCONJ
hassl-3373	76	7	good	good	ADJ
hassl-3373	76	8	or	or	CCONJ
hassl-3373	76	9	bad	bad	ADJ
hassl-3373	76	10	.	.	PUNCT
hassl-3373	77	1	disclosure	disclosure	NOUN
hassl-3373	77	2	of	of	ADP
hassl-3373	77	3	disease	disease	NOUN
hassl-3373	77	4	terms	term	NOUN
hassl-3373	77	5	such	such	ADJ
hassl-3373	77	6	as	as	ADP
hassl-3373	77	7	coronavirus	coronavirus	NOUN
hassl-3373	77	8	,	,	PUNCT
hassl-3373	77	9	covid-19	covid-19	PROPN
hassl-3373	77	10	,	,	PUNCT
hassl-3373	77	11	sars	sar	NOUN
hassl-3373	77	12	-	-	PUNCT
hassl-3373	77	13	cov	cov	PROPN
hassl-3373	77	14	,	,	PUNCT
hassl-3373	77	15	mers	mer	NOUN
hassl-3373	77	16	-	-	PUNCT
hassl-3373	77	17	cov	cov	NOUN
hassl-3373	77	18	,	,	PUNCT
hassl-3373	77	19	and	and	CCONJ
hassl-3373	77	20	other	other	ADJ
hassl-3373	77	21	terms	term	NOUN
hassl-3373	77	22	in	in	ADP
hassl-3373	77	23	firm	firm	ADJ
hassl-3373	77	24	reports	report	NOUN
hassl-3373	77	25	is	be	AUX
hassl-3373	77	26	considered	consider	VERB
hassl-3373	77	27	a	a	DET
hassl-3373	77	28	negative	negative	ADJ
hassl-3373	77	29	tone	tone	NOUN
hassl-3373	77	30	of	of	ADP
hassl-3373	77	31	language	language	NOUN
hassl-3373	77	32	(	(	PUNCT
hassl-3373	77	33	spence	spence	NOUN
hassl-3373	77	34	,	,	PUNCT
hassl-3373	77	35	1973	1973	NUM
hassl-3373	77	36	)	)	PUNCT
hassl-3373	77	37	.	.	PUNCT
hassl-3373	78	1	not	not	PART
hassl-3373	78	2	only	only	ADV
hassl-3373	78	3	the	the	DET
hassl-3373	78	4	disclosure	disclosure	NOUN
hassl-3373	78	5	of	of	ADP
hassl-3373	78	6	terms	term	NOUN
hassl-3373	78	7	related	relate	VERB
hassl-3373	78	8	to	to	ADP
hassl-3373	78	9	disease	disease	NOUN
hassl-3373	78	10	but	but	CCONJ
hassl-3373	78	11	the	the	DET
hassl-3373	78	12	mention	mention	NOUN
hassl-3373	78	13	of	of	ADP
hassl-3373	78	14	trade	trade	NOUN
hassl-3373	78	15	relations	relation	NOUN
hassl-3373	78	16	with	with	ADP
hassl-3373	78	17	china	china	PROPN
hassl-3373	78	18	(	(	PUNCT
hassl-3373	78	19	the	the	DET
hassl-3373	78	20	country	country	NOUN
hassl-3373	78	21	where	where	SCONJ
hassl-3373	78	22	covid-19	covid-19	PROPN
hassl-3373	78	23	was	be	AUX
hassl-3373	78	24	first	first	ADV
hassl-3373	78	25	discovered	discover	VERB
hassl-3373	78	26	)	)	PUNCT
hassl-3373	78	27	in	in	ADP
hassl-3373	78	28	the	the	DET
hassl-3373	78	29	midst	midst	NOUN
hassl-3373	78	30	of	of	ADP
hassl-3373	78	31	the	the	DET
hassl-3373	78	32	covid-19	covid-19	PROPN
hassl-3373	78	33	pandemic	pandemic	NOUN
hassl-3373	78	34	can	can	AUX
hassl-3373	78	35	also	also	ADV
hassl-3373	78	36	be	be	AUX
hassl-3373	78	37	a	a	DET
hassl-3373	78	38	negative	negative	ADJ
hassl-3373	78	39	tone	tone	NOUN
hassl-3373	78	40	of	of	ADP
hassl-3373	78	41	language	language	NOUN
hassl-3373	78	42	.	.	PUNCT
hassl-3373	79	1	this	this	PRON
hassl-3373	79	2	will	will	AUX
hassl-3373	79	3	allow	allow	VERB
hassl-3373	79	4	investors	investor	NOUN
hassl-3373	79	5	to	to	PART
hassl-3373	79	6	interpret	interpret	VERB
hassl-3373	79	7	information	information	NOUN
hassl-3373	79	8	as	as	ADP
hassl-3373	79	9	a	a	DET
hassl-3373	79	10	bad	bad	ADJ
hassl-3373	79	11	signal	signal	NOUN
hassl-3373	79	12	that	that	PRON
hassl-3373	79	13	will	will	AUX
hassl-3373	79	14	affect	affect	VERB
hassl-3373	79	15	their	their	PRON
hassl-3373	79	16	investment	investment	NOUN
hassl-3373	79	17	decisions	decision	NOUN
hassl-3373	79	18	.	.	PUNCT
hassl-3373	80	1	in	in	ADP
hassl-3373	80	2	a	a	DET
hassl-3373	80	3	health	health	NOUN
hassl-3373	80	4	emergency	emergency	NOUN
hassl-3373	80	5	,	,	PUNCT
hassl-3373	80	6	investors	investor	NOUN
hassl-3373	80	7	will	will	AUX
hassl-3373	80	8	increasingly	increasingly	ADV
hassl-3373	80	9	consider	consider	VERB
hassl-3373	80	10	all	all	DET
hassl-3373	80	11	information	information	NOUN
hassl-3373	80	12	received	receive	VERB
hassl-3373	80	13	before	before	ADP
hassl-3373	80	14	making	make	VERB
hassl-3373	80	15	investment	investment	NOUN
hassl-3373	80	16	decisions	decision	NOUN
hassl-3373	80	17	.	.	PUNCT
hassl-3373	81	1	baker	baker	PROPN
hassl-3373	81	2	et	et	PROPN
hassl-3373	81	3	al	al	PROPN
hassl-3373	81	4	.	.	PROPN
hassl-3373	81	5	(	(	PUNCT
hassl-3373	81	6	2020	2020	NUM
hassl-3373	81	7	)	)	PUNCT
hassl-3373	81	8	;	;	PUNCT
hassl-3373	81	9	bose	bose	NOUN
hassl-3373	81	10	,	,	PUNCT
hassl-3373	81	11	shams	sham	NOUN
hassl-3373	81	12	,	,	PUNCT
hassl-3373	81	13	ali	ali	PROPN
hassl-3373	81	14	,	,	PUNCT
hassl-3373	81	15	and	and	CCONJ
hassl-3373	81	16	mihret	mihret	NOUN
hassl-3373	81	17	(	(	PUNCT
hassl-3373	81	18	2022	2022	NUM
hassl-3373	81	19	)	)	PUNCT
hassl-3373	81	20	;	;	PUNCT
hassl-3373	81	21	hassan	hassan	PROPN
hassl-3373	81	22	(	(	PUNCT
hassl-3373	81	23	2020	2020	NUM
hassl-3373	81	24	)	)	PUNCT
hassl-3373	81	25	;	;	PUNCT
hassl-3373	81	26	li	li	PROPN
hassl-3373	81	27	,	,	PUNCT
hassl-3373	81	28	li	li	PROPN
hassl-3373	81	29	,	,	PUNCT
hassl-3373	81	30	yang	yang	PROPN
hassl-3373	81	31	,	,	PUNCT
hassl-3373	81	32	and	and	CCONJ
hassl-3373	81	33	zhao	zhao	X
hassl-3373	81	34	(	(	PUNCT
hassl-3373	81	35	2021	2021	NUM
hassl-3373	81	36	)	)	PUNCT
hassl-3373	81	37	;	;	PUNCT
hassl-3373	81	38	ramelli	ramelli	PROPN
hassl-3373	81	39	and	and	CCONJ
hassl-3373	81	40	wagner	wagner	PROPN
hassl-3373	81	41	(	(	PUNCT
hassl-3373	81	42	2020	2020	NUM
hassl-3373	81	43	)	)	PUNCT
hassl-3373	81	44	argue	argue	VERB
hassl-3373	81	45	that	that	SCONJ
hassl-3373	81	46	the	the	DET
hassl-3373	81	47	covid-19	covid-19	PROPN
hassl-3373	81	48	pandemic	pandemic	ADJ
hassl-3373	81	49	reduced	reduce	VERB
hassl-3373	81	50	firm	firm	ADJ
hassl-3373	81	51	value	value	NOUN
hassl-3373	81	52	.	.	PUNCT
hassl-3373	82	1	based	base	VERB
hassl-3373	82	2	on	on	ADP
hassl-3373	82	3	signaling	signal	VERB
hassl-3373	82	4	theory	theory	NOUN
hassl-3373	82	5	,	,	PUNCT
hassl-3373	82	6	companies	company	NOUN
hassl-3373	82	7	can	can	AUX
hassl-3373	82	8	provide	provide	VERB
hassl-3373	82	9	good	good	ADJ
hassl-3373	82	10	news	news	NOUN
hassl-3373	82	11	or	or	CCONJ
hassl-3373	82	12	bad	bad	ADJ
hassl-3373	82	13	news	news	NOUN
hassl-3373	82	14	to	to	ADP
hassl-3373	82	15	investors	investor	NOUN
hassl-3373	82	16	which	which	PRON
hassl-3373	82	17	will	will	AUX
hassl-3373	82	18	ultimately	ultimately	ADV
hassl-3373	82	19	affect	affect	VERB
hassl-3373	82	20	their	their	PRON
hassl-3373	82	21	investment	investment	NOUN
hassl-3373	82	22	decisions	decision	NOUN
hassl-3373	82	23	.	.	PUNCT
hassl-3373	83	1	many	many	ADJ
hassl-3373	83	2	aspects	aspect	NOUN
hassl-3373	83	3	need	need	VERB
hassl-3373	83	4	to	to	PART
hassl-3373	83	5	be	be	AUX
hassl-3373	83	6	considered	consider	VERB
hassl-3373	83	7	by	by	ADP
hassl-3373	83	8	investors	investor	NOUN
hassl-3373	83	9	,	,	PUNCT
hassl-3373	83	10	one	one	NUM
hassl-3373	83	11	of	of	ADP
hassl-3373	83	12	which	which	PRON
hassl-3373	83	13	is	be	AUX
hassl-3373	83	14	the	the	DET
hassl-3373	83	15	disclosure	disclosure	NOUN
hassl-3373	83	16	made	make	VERB
hassl-3373	83	17	by	by	ADP
hassl-3373	83	18	the	the	DET
hassl-3373	83	19	company	company	NOUN
hassl-3373	83	20	.	.	PUNCT
hassl-3373	84	1	several	several	ADJ
hassl-3373	84	2	studies	study	NOUN
hassl-3373	84	3	(	(	PUNCT
hassl-3373	84	4	baker	baker	PROPN
hassl-3373	84	5	et	et	PROPN
hassl-3373	84	6	al	al	PROPN
hassl-3373	84	7	.	.	PROPN
hassl-3373	84	8	,	,	PUNCT
hassl-3373	84	9	2020	2020	NUM
hassl-3373	84	10	;	;	PUNCT
hassl-3373	84	11	bose	bose	PROPN
hassl-3373	84	12	et	et	PROPN
hassl-3373	84	13	al	al	PROPN
hassl-3373	84	14	.	.	PROPN
hassl-3373	84	15	,	,	PUNCT
hassl-3373	84	16	2022	2022	NUM
hassl-3373	84	17	;	;	PUNCT
hassl-3373	84	18	hassan	hassan	PROPN
hassl-3373	84	19	,	,	PUNCT
hassl-3373	84	20	2020	2020	NUM
hassl-3373	84	21	;	;	PUNCT
hassl-3373	84	22	li	li	PROPN
hassl-3373	84	23	et	et	PROPN
hassl-3373	84	24	al	al	PROPN
hassl-3373	84	25	.	.	PROPN
hassl-3373	84	26	,	,	PUNCT
hassl-3373	84	27	2021	2021	NUM
hassl-3373	84	28	;	;	PUNCT
hassl-3373	84	29	ramelli	ramelli	PROPN
hassl-3373	84	30	&	&	CCONJ
hassl-3373	84	31	wagner	wagner	PROPN
hassl-3373	84	32	,	,	PUNCT
hassl-3373	84	33	2020	2020	NUM
hassl-3373	84	34	)	)	PUNCT
hassl-3373	84	35	have	have	AUX
hassl-3373	84	36	stated	state	VERB
hassl-3373	84	37	the	the	DET
hassl-3373	84	38	covid-19	covid-19	PROPN
hassl-3373	84	39	pandemic	pandemic	NOUN
hassl-3373	84	40	decreased	decrease	VERB
hassl-3373	84	41	firm	firm	ADJ
hassl-3373	84	42	value	value	NOUN
hassl-3373	84	43	.	.	PUNCT
hassl-3373	85	1	however	however	ADV
hassl-3373	85	2	,	,	PUNCT
hassl-3373	85	3	this	this	DET
hassl-3373	85	4	study	study	NOUN
hassl-3373	85	5	provides	provide	VERB
hassl-3373	85	6	another	another	DET
hassl-3373	85	7	perspective	perspective	NOUN
hassl-3373	85	8	on	on	ADP
hassl-3373	85	9	the	the	DET
hassl-3373	85	10	disclosure	disclosure	NOUN
hassl-3373	85	11	of	of	ADP
hassl-3373	85	12	covid-19	covid-19	PROPN
hassl-3373	85	13	exposure	exposure	NOUN
hassl-3373	85	14	.	.	PUNCT
hassl-3373	86	1	in	in	ADP
hassl-3373	86	2	addition	addition	NOUN
hassl-3373	86	3	to	to	ADP
hassl-3373	86	4	having	have	VERB
hassl-3373	86	5	a	a	DET
hassl-3373	86	6	negative	negative	ADJ
hassl-3373	86	7	effect	effect	NOUN
hassl-3373	86	8	,	,	PUNCT
hassl-3373	86	9	there	there	PRON
hassl-3373	86	10	is	be	VERB
hassl-3373	86	11	a	a	DET
hassl-3373	86	12	possibility	possibility	NOUN
hassl-3373	86	13	that	that	SCONJ
hassl-3373	86	14	this	this	DET
hassl-3373	86	15	disclosure	disclosure	NOUN
hassl-3373	86	16	will	will	AUX
hassl-3373	86	17	have	have	AUX
hassl-3373	86	18	a	a	DET
hassl-3373	86	19	positive	positive	ADJ
hassl-3373	86	20	impact	impact	NOUN
hassl-3373	86	21	on	on	ADP
hassl-3373	86	22	firm	firm	ADJ
hassl-3373	86	23	value	value	NOUN
hassl-3373	86	24	.	.	PUNCT
hassl-3373	87	1	this	this	PRON
hassl-3373	87	2	is	be	AUX
hassl-3373	87	3	because	because	SCONJ
hassl-3373	87	4	the	the	DET
hassl-3373	87	5	disclosures	disclosure	NOUN
hassl-3373	87	6	made	make	VERB
hassl-3373	87	7	regarding	regard	VERB
hassl-3373	87	8	the	the	DET
hassl-3373	87	9	actual	actual	ADJ
hassl-3373	87	10	conditions	condition	NOUN
hassl-3373	87	11	of	of	ADP
hassl-3373	87	12	the	the	DET
hassl-3373	87	13	firm	firm	NOUN
hassl-3373	87	14	can	can	AUX
hassl-3373	87	15	be	be	AUX
hassl-3373	87	16	a	a	DET
hassl-3373	87	17	plus	plus	NOUN
hassl-3373	87	18	for	for	ADP
hassl-3373	87	19	investors	investor	NOUN
hassl-3373	87	20	.	.	PUNCT
hassl-3373	88	1	of	of	ADP
hassl-3373	88	2	course	course	ADV
hassl-3373	88	3	,	,	PUNCT
hassl-3373	88	4	damaging	damaging	ADJ
hassl-3373	88	5	disclosures	disclosure	NOUN
hassl-3373	88	6	will	will	AUX
hassl-3373	88	7	generally	generally	ADV
hassl-3373	88	8	be	be	AUX
hassl-3373	88	9	followed	follow	VERB
hassl-3373	88	10	by	by	ADP
hassl-3373	88	11	disclosure	disclosure	NOUN
hassl-3373	88	12	of	of	ADP
hassl-3373	88	13	promising	promise	VERB
hassl-3373	88	14	firm	firm	ADJ
hassl-3373	88	15	prospects	prospect	NOUN
hassl-3373	88	16	.	.	PUNCT
hassl-3373	89	1	in	in	ADP
hassl-3373	89	2	addition	addition	NOUN
hassl-3373	89	3	,	,	PUNCT
hassl-3373	89	4	investors	investor	NOUN
hassl-3373	89	5	are	be	AUX
hassl-3373	89	6	not	not	PART
hassl-3373	89	7	always	always	ADV
hassl-3373	89	8	able	able	ADJ
hassl-3373	89	9	to	to	PART
hassl-3373	89	10	see	see	VERB
hassl-3373	89	11	the	the	DET
hassl-3373	89	12	disclosures	disclosure	NOUN
hassl-3373	89	13	made	make	VERB
hassl-3373	89	14	by	by	ADP
hassl-3373	89	15	a	a	DET
hassl-3373	89	16	firm	firm	NOUN
hassl-3373	89	17	.	.	PUNCT
hassl-3373	90	1	instead	instead	ADV
hassl-3373	90	2	,	,	PUNCT
hassl-3373	90	3	they	they	PRON
hassl-3373	90	4	will	will	AUX
hassl-3373	90	5	see	see	VERB
hassl-3373	90	6	or	or	CCONJ
hassl-3373	90	7	consider	consider	VERB
hassl-3373	90	8	the	the	DET
hassl-3373	90	9	fundamental	fundamental	ADJ
hassl-3373	90	10	aspects	aspect	NOUN
hassl-3373	90	11	of	of	ADP
hassl-3373	90	12	the	the	DET
hassl-3373	90	13	firm	firm	ADJ
hassl-3373	90	14	and	and	CCONJ
hassl-3373	90	15	other	other	ADJ
hassl-3373	90	16	firms	firm	NOUN
hassl-3373	90	17	’	'	PUNCT
hassl-3373	90	18	activities	activity	NOUN
hassl-3373	90	19	.	.	PUNCT
hassl-3373	91	1	not	not	PART
hassl-3373	91	2	only	only	ADV
hassl-3373	91	3	disclosure	disclosure	NOUN
hassl-3373	91	4	of	of	ADP
hassl-3373	91	5	covid-19	covid-19	PROPN
hassl-3373	91	6	exposure	exposure	NOUN
hassl-3373	91	7	,	,	PUNCT
hassl-3373	91	8	but	but	CCONJ
hassl-3373	91	9	disclosure	disclosure	NOUN
hassl-3373	91	10	of	of	ADP
hassl-3373	91	11	china	china	PROPN
hassl-3373	91	12	's	's	PART
hassl-3373	91	13	exposure	exposure	NOUN
hassl-3373	91	14	can	can	AUX
hassl-3373	91	15	also	also	ADV
hassl-3373	91	16	increase	increase	VERB
hassl-3373	91	17	firm	firm	ADJ
hassl-3373	91	18	value	value	NOUN
hassl-3373	91	19	with	with	ADP
hassl-3373	91	20	the	the	DET
hassl-3373	91	21	same	same	ADJ
hassl-3373	91	22	perspective	perspective	NOUN
hassl-3373	91	23	.	.	PUNCT
hassl-3373	92	1	the	the	DET
hassl-3373	92	2	activities	activity	NOUN
hassl-3373	92	3	carried	carry	VERB
hassl-3373	92	4	out	out	ADP
hassl-3373	92	5	by	by	ADP
hassl-3373	92	6	china	china	PROPN
hassl-3373	92	7	,	,	PUNCT
hassl-3373	92	8	especially	especially	ADV
hassl-3373	92	9	in	in	ADP
hassl-3373	92	10	2019	2019	NUM
hassl-3373	92	11	,	,	PUNCT
hassl-3373	92	12	are	be	AUX
hassl-3373	92	13	in	in	ADP
hassl-3373	92	14	the	the	DET
hassl-3373	92	15	world	world	NOUN
hassl-3373	92	16	's	's	PART
hassl-3373	92	17	spotlight	spotlight	NOUN
hassl-3373	92	18	because	because	SCONJ
hassl-3373	92	19	this	this	PRON
hassl-3373	92	20	is	be	AUX
hassl-3373	92	21	where	where	SCONJ
hassl-3373	92	22	the	the	DET
hassl-3373	92	23	coronavirus	coronavirus	NOUN
hassl-3373	92	24	(	(	PUNCT
hassl-3373	92	25	covid-19	covid-19	PROPN
hassl-3373	92	26	)	)	PUNCT
hassl-3373	92	27	began	begin	VERB
hassl-3373	92	28	to	to	PART
hassl-3373	92	29	spread	spread	VERB
hassl-3373	92	30	.	.	PUNCT
hassl-3373	93	1	but	but	CCONJ
hassl-3373	93	2	,	,	PUNCT
hassl-3373	93	3	on	on	ADP
hassl-3373	93	4	the	the	DET
hassl-3373	93	5	other	other	ADJ
hassl-3373	93	6	hand	hand	NOUN
hassl-3373	93	7	,	,	PUNCT
hassl-3373	93	8	china	china	PROPN
hassl-3373	93	9	also	also	ADV
hassl-3373	93	10	has	have	VERB
hassl-3373	93	11	power	power	NOUN
hassl-3373	93	12	in	in	ADP
hassl-3373	93	13	world	world	NOUN
hassl-3373	93	14	trade	trade	NOUN
hassl-3373	93	15	.	.	PUNCT
hassl-3373	94	1	moreover	moreover	ADV
hassl-3373	94	2	,	,	PUNCT
hassl-3373	94	3	the	the	DET
hassl-3373	94	4	conflict	conflict	NOUN
hassl-3373	94	5	or	or	CCONJ
hassl-3373	94	6	cold	cold	ADJ
hassl-3373	94	7	war	war	NOUN
hassl-3373	94	8	between	between	ADP
hassl-3373	94	9	the	the	DET
hassl-3373	94	10	united	united	PROPN
hassl-3373	94	11	states	states	PROPN
hassl-3373	94	12	and	and	CCONJ
hassl-3373	94	13	china	china	PROPN
hassl-3373	94	14	has	have	AUX
hassl-3373	94	15	profoundly	profoundly	ADV
hassl-3373	94	16	impacted	impact	VERB
hassl-3373	94	17	the	the	DET
hassl-3373	94	18	global	global	ADJ
hassl-3373	94	19	economy	economy	NOUN
hassl-3373	94	20	.	.	PUNCT
hassl-3373	95	1	h1	h1	PROPN
hassl-3373	95	2	:	:	PUNCT
hassl-3373	95	3	there	there	PRON
hassl-3373	95	4	is	be	VERB
hassl-3373	95	5	a	a	DET
hassl-3373	95	6	positive	positive	ADJ
hassl-3373	95	7	relationship	relationship	NOUN
hassl-3373	95	8	between	between	ADP
hassl-3373	95	9	covid-19	covid-19	PROPN
hassl-3373	95	10	exposure	exposure	NOUN
hassl-3373	95	11	and	and	CCONJ
hassl-3373	95	12	firm	firm	ADJ
hassl-3373	95	13	value	value	NOUN
hassl-3373	95	14	.	.	PUNCT
hassl-3373	96	1	h2	h2	NOUN
hassl-3373	96	2	:	:	PUNCT
hassl-3373	96	3	there	there	PRON
hassl-3373	96	4	is	be	VERB
hassl-3373	96	5	a	a	DET
hassl-3373	96	6	positive	positive	ADJ
hassl-3373	96	7	relationship	relationship	NOUN
hassl-3373	96	8	between	between	ADP
hassl-3373	96	9	china	china	PROPN
hassl-3373	96	10	's	's	PART
hassl-3373	96	11	exposure	exposure	NOUN
hassl-3373	96	12	and	and	CCONJ
hassl-3373	96	13	firm	firm	ADJ
hassl-3373	96	14	value	value	NOUN
hassl-3373	96	15	.	.	PUNCT
hassl-3373	97	1	3	3	X
hassl-3373	97	2	.	.	X
hassl-3373	97	3	research	research	NOUN
hassl-3373	97	4	methods	method	NOUN
hassl-3373	97	5	3.1	3.1	NUM
hassl-3373	97	6	.	.	PUNCT
hassl-3373	98	1	data	datum	NOUN
hassl-3373	98	2	and	and	CCONJ
hassl-3373	98	3	sample	sample	NOUN
hassl-3373	98	4	selection	selection	NOUN
hassl-3373	98	5	the	the	DET
hassl-3373	98	6	population	population	NOUN
hassl-3373	98	7	of	of	ADP
hassl-3373	98	8	this	this	DET
hassl-3373	98	9	study	study	NOUN
hassl-3373	98	10	consists	consist	VERB
hassl-3373	98	11	of	of	ADP
hassl-3373	98	12	all	all	DET
hassl-3373	98	13	companies	company	NOUN
hassl-3373	98	14	listed	list	VERB
hassl-3373	98	15	on	on	ADP
hassl-3373	98	16	the	the	DET
hassl-3373	98	17	indonesia	indonesia	PROPN
hassl-3373	98	18	stock	stock	PROPN
hassl-3373	98	19	exchange	exchange	PROPN
hassl-3373	98	20	during	during	ADP
hassl-3373	98	21	the	the	DET
hassl-3373	98	22	year	year	NOUN
hassl-3373	98	23	2019	2019	NUM
hassl-3373	98	24	.	.	PUNCT
hassl-3373	99	1	the	the	DET
hassl-3373	99	2	research	research	NOUN
hassl-3373	99	3	period	period	NOUN
hassl-3373	99	4	was	be	AUX
hassl-3373	99	5	chosen	choose	VERB
hassl-3373	99	6	because	because	SCONJ
hassl-3373	99	7	that	that	DET
hassl-3373	99	8	year	year	NOUN
hassl-3373	99	9	marked	mark	VERB
hassl-3373	99	10	the	the	DET
hassl-3373	99	11	beginning	beginning	NOUN
hassl-3373	99	12	of	of	ADP
hassl-3373	99	13	the	the	DET
hassl-3373	99	14	covid-19	covid-19	PROPN
hassl-3373	99	15	pandemic	pandemic	ADJ
hassl-3373	99	16	outbreak	outbreak	NOUN
hassl-3373	99	17	that	that	PRON
hassl-3373	99	18	originated	originate	VERB
hassl-3373	99	19	in	in	ADP
hassl-3373	99	20	china	china	PROPN
hassl-3373	99	21	and	and	CCONJ
hassl-3373	99	22	impacted	impact	VERB
hassl-3373	99	23	various	various	ADJ
hassl-3373	99	24	countries	country	NOUN
hassl-3373	99	25	,	,	PUNCT
hassl-3373	99	26	including	include	VERB
hassl-3373	99	27	indonesia	indonesia	PROPN
hassl-3373	99	28	.	.	PUNCT
hassl-3373	100	1	the	the	DET
hassl-3373	100	2	sample	sample	NOUN
hassl-3373	100	3	selection	selection	NOUN
hassl-3373	100	4	was	be	AUX
hassl-3373	100	5	conducted	conduct	VERB
hassl-3373	100	6	using	use	VERB
hassl-3373	100	7	purposive	purposive	ADJ
hassl-3373	100	8	sampling	sampling	NOUN
hassl-3373	100	9	technique	technique	NOUN
hassl-3373	100	10	by	by	ADP
hassl-3373	100	11	first	first	ADV
hassl-3373	100	12	establishing	establish	VERB
hassl-3373	100	13	several	several	ADJ
hassl-3373	100	14	criteria	criterion	NOUN
hassl-3373	100	15	according	accord	VERB
hassl-3373	100	16	to	to	ADP
hassl-3373	100	17	the	the	DET
hassl-3373	100	18	analysis	analysis	NOUN
hassl-3373	100	19	needs	need	NOUN
hassl-3373	100	20	.	.	PUNCT
hassl-3373	101	1	we	we	PRON
hassl-3373	101	2	excluded	exclude	VERB
hassl-3373	101	3	companies	company	NOUN
hassl-3373	101	4	in	in	ADP
hassl-3373	101	5	the	the	DET
hassl-3373	101	6	financial	financial	ADJ
hassl-3373	101	7	industry	industry	NOUN
hassl-3373	101	8	sector	sector	NOUN
hassl-3373	101	9	(	(	PUNCT
hassl-3373	101	10	standard	standard	ADJ
hassl-3373	101	11	industrial	industrial	ADJ
hassl-3373	101	12	classification	classification	NOUN
hassl-3373	101	13	(	(	PUNCT
hassl-3373	101	14	sic	sic	ADJ
hassl-3373	101	15	)	)	PUNCT
hassl-3373	101	16	6	6	NUM
hassl-3373	101	17	)	)	PUNCT
hassl-3373	101	18	and	and	CCONJ
hassl-3373	101	19	missing	miss	VERB
hassl-3373	101	20	data	datum	NOUN
hassl-3373	101	21	to	to	PART
hassl-3373	101	22	ensure	ensure	VERB
hassl-3373	101	23	the	the	DET
hassl-3373	101	24	accuracy	accuracy	NOUN
hassl-3373	101	25	and	and	CCONJ
hassl-3373	101	26	reliability	reliability	NOUN
hassl-3373	101	27	of	of	ADP
hassl-3373	101	28	the	the	DET
hassl-3373	101	29	testing	testing	NOUN
hassl-3373	101	30	.	.	PUNCT
hassl-3373	102	1	the	the	DET
hassl-3373	102	2	final	final	ADJ
hassl-3373	102	3	sample	sample	NOUN
hassl-3373	102	4	consisted	consist	VERB
hassl-3373	102	5	of	of	ADP
hassl-3373	102	6	430	430	NUM
hassl-3373	102	7	yearly	yearly	ADJ
hassl-3373	102	8	observations	observation	NOUN
hassl-3373	102	9	of	of	ADP
hassl-3373	102	10	companies	company	NOUN
hassl-3373	102	11	.	.	PUNCT
hassl-3373	103	1	the	the	DET
hassl-3373	103	2	sample	sample	NOUN
hassl-3373	103	3	distribution	distribution	NOUN
hassl-3373	103	4	by	by	ADP
hassl-3373	103	5	industry	industry	NOUN
hassl-3373	103	6	is	be	AUX
hassl-3373	103	7	described	describe	VERB
hassl-3373	103	8	in	in	ADP
hassl-3373	103	9	table	table	NOUN
hassl-3373	103	10	1	1	NUM
hassl-3373	103	11	.	.	PUNCT
hassl-3373	104	1	meanwhile	meanwhile	ADV
hassl-3373	104	2	,	,	PUNCT
hassl-3373	104	3	table	table	NOUN
hassl-3373	104	4	3	3	NUM
hassl-3373	104	5	shows	show	VERB
hassl-3373	104	6	the	the	DET
hassl-3373	104	7	summary	summary	NOUN
hassl-3373	104	8	humanities	humanity	NOUN
hassl-3373	104	9	and	and	CCONJ
hassl-3373	104	10	social	social	ADJ
hassl-3373	104	11	sciences	science	NOUN
hassl-3373	104	12	letters	letter	NOUN
hassl-3373	104	13	,	,	PUNCT
hassl-3373	104	14	2023	2023	NUM
hassl-3373	104	15	,	,	PUNCT
hassl-3373	104	16	11(2	11(2	NUM
hassl-3373	104	17	):	):	PUNCT
hassl-3373	104	18	213	213	NUM
hassl-3373	104	19	-	-	SYM
hassl-3373	104	20	227	227	NUM
hassl-3373	104	21	216	216	NUM
hassl-3373	104	22	©	©	PROPN
hassl-3373	104	23	2023	2023	NUM
hassl-3373	104	24	conscientia	conscientia	PROPN
hassl-3373	104	25	beam	beam	PROPN
hassl-3373	104	26	.	.	PUNCT
hassl-3373	105	1	all	all	DET
hassl-3373	105	2	rights	right	NOUN
hassl-3373	105	3	reserved	reserve	VERB
hassl-3373	105	4	.	.	PUNCT
hassl-3373	106	1	statistics	statistic	NOUN
hassl-3373	106	2	consisting	consist	VERB
hassl-3373	106	3	of	of	ADP
hassl-3373	106	4	the	the	DET
hassl-3373	106	5	mean	mean	ADJ
hassl-3373	106	6	,	,	PUNCT
hassl-3373	106	7	standard	standard	ADJ
hassl-3373	106	8	deviation	deviation	NOUN
hassl-3373	106	9	,	,	PUNCT
hassl-3373	106	10	first	first	ADV
hassl-3373	106	11	quartile	quartile	NOUN
hassl-3373	106	12	,	,	PUNCT
hassl-3373	106	13	median	median	ADJ
hassl-3373	106	14	,	,	PUNCT
hassl-3373	106	15	third	third	ADJ
hassl-3373	106	16	quartile	quartile	NOUN
hassl-3373	106	17	,	,	PUNCT
hassl-3373	106	18	maximum	maximum	ADJ
hassl-3373	106	19	,	,	PUNCT
hassl-3373	106	20	and	and	CCONJ
hassl-3373	106	21	minimum	minimum	ADJ
hassl-3373	106	22	values	value	NOUN
hassl-3373	106	23	of	of	ADP
hassl-3373	106	24	the	the	DET
hassl-3373	106	25	data	datum	NOUN
hassl-3373	106	26	used	use	VERB
hassl-3373	106	27	as	as	ADP
hassl-3373	106	28	the	the	DET
hassl-3373	106	29	research	research	NOUN
hassl-3373	106	30	sample	sample	NOUN
hassl-3373	106	31	.	.	PUNCT
hassl-3373	107	1	the	the	DET
hassl-3373	107	2	research	research	NOUN
hassl-3373	107	3	data	datum	NOUN
hassl-3373	107	4	was	be	AUX
hassl-3373	107	5	obtained	obtain	VERB
hassl-3373	107	6	from	from	ADP
hassl-3373	107	7	the	the	DET
hassl-3373	107	8	annual	annual	ADJ
hassl-3373	107	9	reports	report	NOUN
hassl-3373	107	10	issued	issue	VERB
hassl-3373	107	11	by	by	ADP
hassl-3373	107	12	the	the	DET
hassl-3373	107	13	companies	company	NOUN
hassl-3373	107	14	,	,	PUNCT
hassl-3373	107	15	osiris	osiris	PROPN
hassl-3373	107	16	database	database	NOUN
hassl-3373	107	17	(	(	PUNCT
hassl-3373	107	18	a	a	DET
hassl-3373	107	19	financial	financial	ADJ
hassl-3373	107	20	data	datum	NOUN
hassl-3373	107	21	center	center	NOUN
hassl-3373	107	22	from	from	ADP
hassl-3373	107	23	around	around	ADP
hassl-3373	107	24	the	the	DET
hassl-3373	107	25	world	world	NOUN
hassl-3373	107	26	)	)	PUNCT
hassl-3373	107	27	,	,	PUNCT
hassl-3373	107	28	and	and	CCONJ
hassl-3373	107	29	tmailc	tmailc	NOUN
hassl-3373	107	30	(	(	PUNCT
hassl-3373	107	31	software	software	NOUN
hassl-3373	107	32	for	for	ADP
hassl-3373	107	33	conducting	conduct	VERB
hassl-3373	107	34	data	datum	NOUN
hassl-3373	107	35	mining	mining	NOUN
hassl-3373	107	36	from	from	ADP
hassl-3373	107	37	company	company	NOUN
hassl-3373	107	38	financial	financial	ADJ
hassl-3373	107	39	reports	report	NOUN
hassl-3373	107	40	)	)	PUNCT
hassl-3373	107	41	.	.	PUNCT
hassl-3373	108	1	table	table	NOUN
hassl-3373	108	2	1	1	NUM
hassl-3373	108	3	contains	contain	VERB
hassl-3373	108	4	sample	sample	NOUN
hassl-3373	108	5	distributions	distribution	NOUN
hassl-3373	108	6	based	base	VERB
hassl-3373	108	7	on	on	ADP
hassl-3373	108	8	eight	eight	NUM
hassl-3373	108	9	sics	sic	NOUN
hassl-3373	108	10	in	in	ADP
hassl-3373	108	11	the	the	DET
hassl-3373	108	12	430	430	NUM
hassl-3373	108	13	firm	firm	ADJ
hassl-3373	108	14	-	-	PUNCT
hassl-3373	108	15	year	year	NOUN
hassl-3373	108	16	observations	observation	NOUN
hassl-3373	108	17	.	.	PUNCT
hassl-3373	109	1	panel	panel	NOUN
hassl-3373	109	2	a	a	DET
hassl-3373	109	3	shows	show	NOUN
hassl-3373	109	4	that	that	SCONJ
hassl-3373	109	5	the	the	DET
hassl-3373	109	6	sample	sample	NOUN
hassl-3373	109	7	of	of	ADP
hassl-3373	109	8	this	this	DET
hassl-3373	109	9	study	study	NOUN
hassl-3373	109	10	is	be	AUX
hassl-3373	109	11	dominated	dominate	VERB
hassl-3373	109	12	by	by	ADP
hassl-3373	109	13	manufacturing	manufacture	VERB
hassl-3373	109	14	firms	firm	NOUN
hassl-3373	109	15	(	(	PUNCT
hassl-3373	109	16	sic	sic	ADJ
hassl-3373	109	17	2	2	NUM
hassl-3373	109	18	)	)	PUNCT
hassl-3373	109	19	,	,	PUNCT
hassl-3373	109	20	with	with	ADP
hassl-3373	109	21	109	109	NUM
hassl-3373	109	22	firms	firm	NOUN
hassl-3373	109	23	or	or	CCONJ
hassl-3373	109	24	26.67	26.67	NUM
hassl-3373	109	25	%	%	NOUN
hassl-3373	109	26	of	of	ADP
hassl-3373	109	27	the	the	DET
hassl-3373	109	28	entire	entire	ADJ
hassl-3373	109	29	sample	sample	NOUN
hassl-3373	109	30	.	.	PUNCT
hassl-3373	110	1	in	in	ADP
hassl-3373	110	2	this	this	DET
hassl-3373	110	3	study	study	NOUN
hassl-3373	110	4	,	,	PUNCT
hassl-3373	110	5	80.70	80.70	NUM
hassl-3373	110	6	%	%	NOUN
hassl-3373	110	7	(	(	PUNCT
hassl-3373	110	8	347	347	NUM
hassl-3373	110	9	firms	firm	NOUN
hassl-3373	110	10	)	)	PUNCT
hassl-3373	110	11	disclosed	disclose	VERB
hassl-3373	110	12	their	their	PRON
hassl-3373	110	13	exposure	exposure	NOUN
hassl-3373	110	14	to	to	ADP
hassl-3373	110	15	the	the	DET
hassl-3373	110	16	covid-19	covid-19	PROPN
hassl-3373	110	17	pandemic	pandemic	NOUN
hassl-3373	110	18	in	in	ADP
hassl-3373	110	19	their	their	PRON
hassl-3373	110	20	annual	annual	ADJ
hassl-3373	110	21	reports	report	NOUN
hassl-3373	110	22	.	.	PUNCT
hassl-3373	111	1	the	the	DET
hassl-3373	111	2	sample	sample	NOUN
hassl-3373	111	3	distribution	distribution	NOUN
hassl-3373	111	4	for	for	ADP
hassl-3373	111	5	china	china	PROPN
hassl-3373	111	6	exposure	exposure	NOUN
hassl-3373	111	7	is	be	AUX
hassl-3373	111	8	presented	present	VERB
hassl-3373	111	9	in	in	ADP
hassl-3373	111	10	panel	panel	NOUN
hassl-3373	111	11	b	b	PROPN
hassl-3373	111	12	of	of	ADP
hassl-3373	111	13	table	table	NOUN
hassl-3373	111	14	1	1	NUM
hassl-3373	111	15	.	.	PUNCT
hassl-3373	112	1	the	the	DET
hassl-3373	112	2	manufacturing	manufacture	VERB
hassl-3373	112	3	industry	industry	NOUN
hassl-3373	112	4	comprises	comprise	VERB
hassl-3373	112	5	the	the	DET
hassl-3373	112	6	most	most	ADV
hassl-3373	112	7	significant	significant	ADJ
hassl-3373	112	8	number	number	NOUN
hassl-3373	112	9	in	in	ADP
hassl-3373	112	10	the	the	DET
hassl-3373	112	11	research	research	NOUN
hassl-3373	112	12	sample	sample	NOUN
hassl-3373	112	13	.	.	PUNCT
hassl-3373	113	1	as	as	ADV
hassl-3373	113	2	many	many	ADJ
hassl-3373	113	3	as	as	ADP
hassl-3373	113	4	84.88	84.88	NUM
hassl-3373	113	5	%	%	NOUN
hassl-3373	113	6	or	or	CCONJ
hassl-3373	113	7	365	365	NUM
hassl-3373	113	8	firms	firm	NOUN
hassl-3373	113	9	disclosed	disclose	VERB
hassl-3373	113	10	exposure	exposure	NOUN
hassl-3373	113	11	to	to	ADP
hassl-3373	113	12	the	the	DET
hassl-3373	113	13	firm	firm	NOUN
hassl-3373	113	14	's	's	PART
hassl-3373	113	15	activities	activity	NOUN
hassl-3373	113	16	and	and	CCONJ
hassl-3373	113	17	their	their	PRON
hassl-3373	113	18	relationship	relationship	NOUN
hassl-3373	113	19	with	with	ADP
hassl-3373	113	20	china	china	PROPN
hassl-3373	113	21	in	in	ADP
hassl-3373	113	22	their	their	PRON
hassl-3373	113	23	annual	annual	ADJ
hassl-3373	113	24	report	report	NOUN
hassl-3373	113	25	.	.	PUNCT
hassl-3373	114	1	table	table	NOUN
hassl-3373	114	2	1	1	NUM
hassl-3373	114	3	.	.	PUNCT
hassl-3373	115	1	sample	sample	NOUN
hassl-3373	115	2	distribution	distribution	NOUN
hassl-3373	115	3	by	by	ADP
hassl-3373	115	4	industry	industry	NOUN
hassl-3373	115	5	.	.	PUNCT
hassl-3373	116	1	panel	panel	NOUN
hassl-3373	116	2	a	a	PRON
hassl-3373	116	3	:	:	PUNCT
hassl-3373	116	4	covid-19	covid-19	PROPN
hassl-3373	116	5	exposure	exposure	NOUN
hassl-3373	116	6	sic	sic	ADJ
hassl-3373	116	7	industry	industry	NOUN
hassl-3373	116	8	disclosed	disclose	VERB
hassl-3373	116	9	exposure	exposure	NOUN
hassl-3373	116	10	to	to	ADP
hassl-3373	116	11	covid-19	covid-19	PROPN
hassl-3373	116	12	did	do	AUX
hassl-3373	116	13	not	not	PART
hassl-3373	116	14	disclose	disclose	VERB
hassl-3373	116	15	exposure	exposure	NOUN
hassl-3373	116	16	to	to	ADP
hassl-3373	116	17	covid-19	covid-19	PROPN
hassl-3373	116	18	total	total	NOUN
hassl-3373	116	19	n	n	PRON
hassl-3373	116	20	%	%	NOUN
hassl-3373	117	1	n	n	PRON
hassl-3373	117	2	%	%	NOUN
hassl-3373	118	1	n	n	DET
hassl-3373	118	2	%	%	NOUN
hassl-3373	118	3	0	0	NUM
hassl-3373	118	4	agriculture	agriculture	NOUN
hassl-3373	118	5	,	,	PUNCT
hassl-3373	118	6	forestry	forestry	NOUN
hassl-3373	118	7	and	and	CCONJ
hassl-3373	118	8	fishery	fishery	NOUN
hassl-3373	118	9	13	13	NUM
hassl-3373	118	10	86.67	86.67	NUM
hassl-3373	118	11	2	2	NUM
hassl-3373	118	12	13.33	13.33	NUM
hassl-3373	118	13	15	15	NUM
hassl-3373	118	14	3.19	3.19	NUM
hassl-3373	118	15	%	%	NOUN
hassl-3373	118	16	1	1	NUM
hassl-3373	118	17	mining	mining	NOUN
hassl-3373	118	18	industries	industry	NOUN
hassl-3373	118	19	51	51	NUM
hassl-3373	118	20	79.69	79.69	NUM
hassl-3373	118	21	13	13	NUM
hassl-3373	118	22	20.31	20.31	NUM
hassl-3373	118	23	64	64	NUM
hassl-3373	118	24	14.78	14.78	NUM
hassl-3373	118	25	%	%	NOUN
hassl-3373	118	26	2	2	NUM
hassl-3373	118	27	construction	construction	NOUN
hassl-3373	118	28	industries	industry	NOUN
hassl-3373	118	29	88	88	NUM
hassl-3373	118	30	80.73	80.73	NUM
hassl-3373	118	31	21	21	NUM
hassl-3373	118	32	19.27	19.27	NUM
hassl-3373	118	33	109	109	NUM
hassl-3373	118	34	26.67	26.67	NUM
hassl-3373	118	35	%	%	NOUN
hassl-3373	118	36	3	3	NUM
hassl-3373	118	37	manufacturing	manufacture	VERB
hassl-3373	118	38	52	52	NUM
hassl-3373	118	39	75.36	75.36	NUM
hassl-3373	118	40	17	17	NUM
hassl-3373	118	41	24.64	24.64	NUM
hassl-3373	118	42	69	69	NUM
hassl-3373	118	43	15.65	15.65	NUM
hassl-3373	118	44	%	%	NOUN
hassl-3373	118	45	4	4	NUM
hassl-3373	118	46	transportation	transportation	NOUN
hassl-3373	118	47	,	,	PUNCT
hassl-3373	118	48	communications	communication	NOUN
hassl-3373	118	49	,	,	PUNCT
hassl-3373	118	50	electric	electric	NOUN
hassl-3373	118	51	,	,	PUNCT
hassl-3373	118	52	gas	gas	NOUN
hassl-3373	118	53	,	,	PUNCT
hassl-3373	118	54	&	&	CCONJ
hassl-3373	118	55	sanitary	sanitary	NOUN
hassl-3373	118	56	services	service	NOUN
hassl-3373	118	57	68	68	NUM
hassl-3373	118	58	87.18	87.18	NUM
hassl-3373	118	59	10	10	NUM
hassl-3373	118	60	12.82	12.82	NUM
hassl-3373	118	61	78	78	NUM
hassl-3373	118	62	19.42	19.42	NUM
hassl-3373	118	63	%	%	NOUN
hassl-3373	118	64	5	5	NUM
hassl-3373	118	65	wholesale	wholesale	NOUN
hassl-3373	118	66	&	&	CCONJ
hassl-3373	118	67	retail	retail	ADJ
hassl-3373	118	68	30	30	NUM
hassl-3373	118	69	76.92	76.92	NUM
hassl-3373	118	70	9	9	NUM
hassl-3373	118	71	23.08	23.08	NUM
hassl-3373	118	72	39	39	NUM
hassl-3373	118	73	8.70	8.70	NUM
hassl-3373	118	74	%	%	NOUN
hassl-3373	118	75	7	7	NUM
hassl-3373	118	76	services	service	NOUN
hassl-3373	118	77	industries	industry	NOUN
hassl-3373	118	78	38	38	NUM
hassl-3373	118	79	84.44	84.44	NUM
hassl-3373	118	80	7	7	NUM
hassl-3373	118	81	15.56	15.56	NUM
hassl-3373	118	82	45	45	NUM
hassl-3373	118	83	9.28	9.28	NUM
hassl-3373	118	84	%	%	NOUN
hassl-3373	118	85	8	8	NUM
hassl-3373	118	86	health	health	NOUN
hassl-3373	118	87	,	,	PUNCT
hassl-3373	118	88	legal	legal	ADJ
hassl-3373	118	89	,	,	PUNCT
hassl-3373	118	90	and	and	CCONJ
hassl-3373	118	91	educational	educational	ADJ
hassl-3373	118	92	services	service	NOUN
hassl-3373	118	93	and	and	CCONJ
hassl-3373	118	94	consulting	consult	VERB
hassl-3373	118	95	7	7	NUM
hassl-3373	118	96	63.63	63.63	NUM
hassl-3373	118	97	4	4	NUM
hassl-3373	118	98	36.37	36.37	NUM
hassl-3373	118	99	11	11	NUM
hassl-3373	118	100	2.32	2.32	NUM
hassl-3373	118	101	%	%	NOUN
hassl-3373	118	102	total	total	NOUN
hassl-3373	118	103	347	347	NUM
hassl-3373	118	104	80.70	80.70	NUM
hassl-3373	118	105	83	83	NUM
hassl-3373	118	106	19.30	19.30	NUM
hassl-3373	118	107	430	430	NUM
hassl-3373	118	108	100	100	NUM
hassl-3373	118	109	%	%	NOUN
hassl-3373	118	110	panel	panel	NOUN
hassl-3373	118	111	b	b	NOUN
hassl-3373	118	112	:	:	PUNCT
hassl-3373	118	113	china	china	PROPN
hassl-3373	118	114	exposure	exposure	PROPN
hassl-3373	118	115	sic	sic	ADJ
hassl-3373	118	116	industry	industry	NOUN
hassl-3373	118	117	disclosed	disclose	VERB
hassl-3373	118	118	exposure	exposure	NOUN
hassl-3373	118	119	and	and	CCONJ
hassl-3373	118	120	relationship	relationship	NOUN
hassl-3373	118	121	with	with	ADP
hassl-3373	118	122	china	china	PROPN
hassl-3373	118	123	did	do	AUX
hassl-3373	118	124	not	not	PART
hassl-3373	118	125	disclose	disclose	VERB
hassl-3373	118	126	exposure	exposure	NOUN
hassl-3373	118	127	and	and	CCONJ
hassl-3373	118	128	relationship	relationship	NOUN
hassl-3373	118	129	with	with	ADP
hassl-3373	118	130	china	china	PROPN
hassl-3373	118	131	total	total	PROPN
hassl-3373	118	132	n	n	NUM
hassl-3373	118	133	%	%	NOUN
hassl-3373	119	1	n	n	PRON
hassl-3373	119	2	%	%	NOUN
hassl-3373	120	1	n	n	DET
hassl-3373	120	2	%	%	NOUN
hassl-3373	120	3	0	0	NUM
hassl-3373	120	4	agriculture	agriculture	NOUN
hassl-3373	120	5	,	,	PUNCT
hassl-3373	120	6	forestry	forestry	NOUN
hassl-3373	120	7	and	and	CCONJ
hassl-3373	120	8	fishery	fishery	NOUN
hassl-3373	120	9	15	15	NUM
hassl-3373	120	10	100	100	NUM
hassl-3373	120	11	0	0	NUM
hassl-3373	120	12	0	0	NUM
hassl-3373	120	13	%	%	NOUN
hassl-3373	120	14	15	15	NUM
hassl-3373	120	15	3.19	3.19	NUM
hassl-3373	120	16	%	%	NOUN
hassl-3373	120	17	1	1	NUM
hassl-3373	120	18	mining	mining	NOUN
hassl-3373	120	19	industries	industry	NOUN
hassl-3373	120	20	57	57	NUM
hassl-3373	120	21	89.06	89.06	NUM
hassl-3373	120	22	7	7	NUM
hassl-3373	120	23	10.94	10.94	NUM
hassl-3373	120	24	64	64	NUM
hassl-3373	120	25	14.78	14.78	NUM
hassl-3373	120	26	%	%	NOUN
hassl-3373	120	27	2	2	NUM
hassl-3373	120	28	construction	construction	NOUN
hassl-3373	120	29	industries	industry	NOUN
hassl-3373	120	30	95	95	NUM
hassl-3373	120	31	87.16	87.16	NUM
hassl-3373	120	32	14	14	NUM
hassl-3373	120	33	12.84	12.84	NUM
hassl-3373	120	34	109	109	NUM
hassl-3373	120	35	26.67	26.67	NUM
hassl-3373	120	36	%	%	NOUN
hassl-3373	120	37	3	3	NUM
hassl-3373	120	38	manufacturing	manufacture	VERB
hassl-3373	120	39	57	57	NUM
hassl-3373	120	40	82.61	82.61	NUM
hassl-3373	120	41	12	12	NUM
hassl-3373	120	42	17.39	17.39	NUM
hassl-3373	120	43	69	69	NUM
hassl-3373	120	44	15.65	15.65	NUM
hassl-3373	120	45	%	%	NOUN
hassl-3373	120	46	4	4	NUM
hassl-3373	120	47	transportation	transportation	NOUN
hassl-3373	120	48	,	,	PUNCT
hassl-3373	120	49	communications	communication	NOUN
hassl-3373	120	50	,	,	PUNCT
hassl-3373	120	51	electric	electric	NOUN
hassl-3373	120	52	,	,	PUNCT
hassl-3373	120	53	gas	gas	NOUN
hassl-3373	120	54	,	,	PUNCT
hassl-3373	120	55	&	&	CCONJ
hassl-3373	120	56	sanitary	sanitary	PROPN
hassl-3373	120	57	services	service	NOUN
hassl-3373	120	58	67	67	NUM
hassl-3373	120	59	85.90	85.90	NUM
hassl-3373	120	60	11	11	NUM
hassl-3373	120	61	14.10	14.10	NUM
hassl-3373	120	62	78	78	NUM
hassl-3373	120	63	19.42	19.42	NUM
hassl-3373	120	64	%	%	NOUN
hassl-3373	120	65	5	5	NUM
hassl-3373	120	66	wholesale	wholesale	NOUN
hassl-3373	120	67	&	&	CCONJ
hassl-3373	120	68	retail	retail	ADJ
hassl-3373	120	69	32	32	NUM
hassl-3373	120	70	82.05	82.05	NUM
hassl-3373	120	71	7	7	NUM
hassl-3373	120	72	17.95	17.95	NUM
hassl-3373	120	73	39	39	NUM
hassl-3373	120	74	8.70	8.70	NUM
hassl-3373	120	75	%	%	NOUN
hassl-3373	120	76	7	7	NUM
hassl-3373	120	77	services	service	NOUN
hassl-3373	120	78	industries	industry	NOUN
hassl-3373	120	79	33	33	NUM
hassl-3373	120	80	73.33	73.33	NUM
hassl-3373	120	81	12	12	NUM
hassl-3373	120	82	26.67	26.67	NUM
hassl-3373	120	83	45	45	NUM
hassl-3373	120	84	9.28	9.28	NUM
hassl-3373	120	85	%	%	NOUN
hassl-3373	120	86	8	8	NUM
hassl-3373	120	87	health	health	NOUN
hassl-3373	120	88	,	,	PUNCT
hassl-3373	120	89	legal	legal	ADJ
hassl-3373	120	90	,	,	PUNCT
hassl-3373	120	91	and	and	CCONJ
hassl-3373	120	92	educational	educational	ADJ
hassl-3373	120	93	services	service	NOUN
hassl-3373	120	94	and	and	CCONJ
hassl-3373	120	95	consulting	consult	VERB
hassl-3373	120	96	9	9	NUM
hassl-3373	120	97	81.81	81.81	NUM
hassl-3373	120	98	2	2	NUM
hassl-3373	120	99	18.19	18.19	NUM
hassl-3373	120	100	11	11	NUM
hassl-3373	120	101	2.32	2.32	NUM
hassl-3373	120	102	%	%	NOUN
hassl-3373	120	103	total	total	NOUN
hassl-3373	120	104	365	365	NUM
hassl-3373	120	105	84.88	84.88	NUM
hassl-3373	120	106	65	65	NUM
hassl-3373	120	107	15.12	15.12	NUM
hassl-3373	120	108	430	430	NUM
hassl-3373	120	109	100	100	NUM
hassl-3373	120	110	%	%	NOUN
hassl-3373	120	111	table	table	NOUN
hassl-3373	120	112	1	1	NUM
hassl-3373	120	113	shows	show	VERB
hassl-3373	120	114	the	the	DET
hassl-3373	120	115	sample	sample	NOUN
hassl-3373	120	116	distribution	distribution	NOUN
hassl-3373	120	117	based	base	VERB
hassl-3373	120	118	on	on	ADP
hassl-3373	120	119	the	the	DET
hassl-3373	120	120	eight	eight	NUM
hassl-3373	120	121	standard	standard	ADJ
hassl-3373	120	122	industrial	industrial	ADJ
hassl-3373	120	123	classification	classification	NOUN
hassl-3373	120	124	(	(	PUNCT
hassl-3373	120	125	sic	sic	ADJ
hassl-3373	120	126	)	)	PUNCT
hassl-3373	120	127	codes	code	NOUN
hassl-3373	120	128	for	for	ADP
hassl-3373	120	129	firms	firm	NOUN
hassl-3373	120	130	that	that	PRON
hassl-3373	120	131	disclosed	disclose	VERB
hassl-3373	120	132	and	and	CCONJ
hassl-3373	120	133	did	do	AUX
hassl-3373	120	134	not	not	PART
hassl-3373	120	135	disclose	disclose	VERB
hassl-3373	120	136	exposure	exposure	NOUN
hassl-3373	120	137	to	to	ADP
hassl-3373	120	138	covid-19	covid-19	PROPN
hassl-3373	120	139	in	in	ADP
hassl-3373	120	140	their	their	PRON
hassl-3373	120	141	annual	annual	ADJ
hassl-3373	120	142	report	report	NOUN
hassl-3373	120	143	(	(	PUNCT
hassl-3373	120	144	panel	panel	NOUN
hassl-3373	120	145	a	a	NOUN
hassl-3373	120	146	)	)	PUNCT
hassl-3373	120	147	.	.	PUNCT
hassl-3373	121	1	meanwhile	meanwhile	ADV
hassl-3373	121	2	,	,	PUNCT
hassl-3373	121	3	panel	panel	NOUN
hassl-3373	121	4	b	b	PROPN
hassl-3373	121	5	shows	show	VERB
hassl-3373	121	6	the	the	DET
hassl-3373	121	7	sample	sample	NOUN
hassl-3373	121	8	distribution	distribution	NOUN
hassl-3373	121	9	of	of	ADP
hassl-3373	121	10	firms	firm	NOUN
hassl-3373	121	11	that	that	PRON
hassl-3373	121	12	disclosed	disclose	VERB
hassl-3373	121	13	and	and	CCONJ
hassl-3373	121	14	did	do	AUX
hassl-3373	121	15	not	not	PART
hassl-3373	121	16	disclose	disclose	VERB
hassl-3373	121	17	their	their	PRON
hassl-3373	121	18	exposure	exposure	NOUN
hassl-3373	121	19	and	and	CCONJ
hassl-3373	121	20	relationship	relationship	NOUN
hassl-3373	121	21	with	with	ADP
hassl-3373	121	22	china	china	PROPN
hassl-3373	121	23	.	.	PUNCT
hassl-3373	122	1	3.2	3.2	NUM
hassl-3373	122	2	.	.	PUNCT
hassl-3373	123	1	variables	variable	NOUN
hassl-3373	123	2	our	our	PRON
hassl-3373	123	3	research	research	NOUN
hassl-3373	123	4	uses	use	VERB
hassl-3373	123	5	firm	firm	ADJ
hassl-3373	123	6	value	value	NOUN
hassl-3373	123	7	as	as	ADP
hassl-3373	123	8	the	the	DET
hassl-3373	123	9	dependent	dependent	ADJ
hassl-3373	123	10	variable	variable	NOUN
hassl-3373	123	11	.	.	PUNCT
hassl-3373	124	1	firm	firm	ADJ
hassl-3373	124	2	value	value	NOUN
hassl-3373	124	3	in	in	ADP
hassl-3373	124	4	this	this	DET
hassl-3373	124	5	study	study	NOUN
hassl-3373	124	6	was	be	AUX
hassl-3373	124	7	measured	measure	VERB
hassl-3373	124	8	using	use	VERB
hassl-3373	124	9	the	the	DET
hassl-3373	124	10	market	market	NOUN
hassl-3373	124	11	-	-	PUNCT
hassl-3373	124	12	to	to	ADP
hassl-3373	124	13	-	-	PUNCT
hassl-3373	124	14	book	book	NOUN
hassl-3373	124	15	value	value	NOUN
hassl-3373	124	16	(	(	PUNCT
hassl-3373	124	17	mtb	mtb	NOUN
hassl-3373	124	18	)	)	PUNCT
hassl-3373	124	19	proxy	proxy	NOUN
hassl-3373	124	20	(	(	PUNCT
hassl-3373	124	21	ramelli	ramelli	PROPN
hassl-3373	124	22	&	&	CCONJ
hassl-3373	124	23	wagner	wagner	PROPN
hassl-3373	124	24	,	,	PUNCT
hassl-3373	124	25	2020	2020	NUM
hassl-3373	124	26	)	)	PUNCT
hassl-3373	124	27	.	.	PUNCT
hassl-3373	125	1	there	there	PRON
hassl-3373	125	2	are	be	VERB
hassl-3373	125	3	two	two	NUM
hassl-3373	125	4	independent	independent	ADJ
hassl-3373	125	5	variables	variable	NOUN
hassl-3373	125	6	in	in	ADP
hassl-3373	125	7	this	this	DET
hassl-3373	125	8	study	study	NOUN
hassl-3373	125	9	.	.	PUNCT
hassl-3373	126	1	first	first	ADV
hassl-3373	126	2	,	,	PUNCT
hassl-3373	126	3	we	we	PRON
hassl-3373	126	4	analyze	analyze	VERB
hassl-3373	126	5	the	the	DET
hassl-3373	126	6	impact	impact	NOUN
hassl-3373	126	7	of	of	ADP
hassl-3373	126	8	firm	firm	ADJ
hassl-3373	126	9	disclosure	disclosure	NOUN
hassl-3373	126	10	and	and	CCONJ
hassl-3373	126	11	the	the	DET
hassl-3373	126	12	use	use	NOUN
hassl-3373	126	13	of	of	ADP
hassl-3373	126	14	various	various	ADJ
hassl-3373	126	15	covid-19	covid-19	PROPN
hassl-3373	126	16	terms	term	NOUN
hassl-3373	126	17	at	at	ADP
hassl-3373	126	18	the	the	DET
hassl-3373	126	19	beginning	beginning	NOUN
hassl-3373	126	20	of	of	ADP
hassl-3373	126	21	the	the	DET
hassl-3373	126	22	pandemic	pandemic	ADJ
hassl-3373	126	23	or	or	CCONJ
hassl-3373	126	24	in	in	ADP
hassl-3373	126	25	the	the	DET
hassl-3373	126	26	2019	2019	NUM
hassl-3373	126	27	report	report	NOUN
hassl-3373	126	28	.	.	PUNCT
hassl-3373	127	1	the	the	DET
hassl-3373	127	2	covid-19	covid-19	PROPN
hassl-3373	127	3	exposure	exposure	NOUN
hassl-3373	127	4	variable	variable	NOUN
hassl-3373	127	5	(	(	PUNCT
hassl-3373	127	6	covdum	covdum	NOUN
hassl-3373	127	7	)	)	PUNCT
hassl-3373	127	8	is	be	AUX
hassl-3373	127	9	measured	measure	VERB
hassl-3373	127	10	using	use	VERB
hassl-3373	127	11	a	a	DET
hassl-3373	127	12	dummy	dummy	ADJ
hassl-3373	127	13	variable	variable	NOUN
hassl-3373	127	14	with	with	ADP
hassl-3373	127	15	a	a	DET
hassl-3373	127	16	value	value	NOUN
hassl-3373	127	17	of	of	ADP
hassl-3373	127	18	1	1	NUM
hassl-3373	127	19	if	if	SCONJ
hassl-3373	127	20	the	the	DET
hassl-3373	127	21	firm	firm	NOUN
hassl-3373	127	22	discloses	disclose	VERB
hassl-3373	127	23	the	the	DET
hassl-3373	127	24	term	term	NOUN
hassl-3373	127	25	covid-19	covid-19	PROPN
hassl-3373	127	26	in	in	ADP
hassl-3373	127	27	its	its	PRON
hassl-3373	127	28	annual	annual	ADJ
hassl-3373	127	29	report	report	NOUN
hassl-3373	127	30	(	(	PUNCT
hassl-3373	127	31	hassan	hassan	PROPN
hassl-3373	127	32	,	,	PUNCT
hassl-3373	127	33	2020	2020	NUM
hassl-3373	127	34	)	)	PUNCT
hassl-3373	127	35	.	.	PUNCT
hassl-3373	128	1	in	in	ADP
hassl-3373	128	2	addition	addition	NOUN
hassl-3373	128	3	,	,	PUNCT
hassl-3373	128	4	based	base	VERB
hassl-3373	128	5	on	on	ADP
hassl-3373	128	6	research	research	NOUN
hassl-3373	128	7	by	by	ADP
hassl-3373	128	8	ramelli	ramelli	PROPN
hassl-3373	128	9	and	and	CCONJ
hassl-3373	128	10	wagner	wagner	PROPN
hassl-3373	128	11	(	(	PUNCT
hassl-3373	128	12	2020	2020	NUM
hassl-3373	128	13	)	)	PUNCT
hassl-3373	128	14	with	with	ADP
hassl-3373	128	15	several	several	ADJ
hassl-3373	128	16	adjustments	adjustment	NOUN
hassl-3373	128	17	,	,	PUNCT
hassl-3373	128	18	the	the	DET
hassl-3373	128	19	china	china	PROPN
hassl-3373	128	20	exposure	exposure	PROPN
hassl-3373	128	21	variable	variable	NOUN
hassl-3373	128	22	is	be	AUX
hassl-3373	128	23	measured	measure	VERB
hassl-3373	128	24	by	by	ADP
hassl-3373	128	25	humanities	humanity	NOUN
hassl-3373	128	26	and	and	CCONJ
hassl-3373	128	27	social	social	ADJ
hassl-3373	128	28	sciences	science	NOUN
hassl-3373	128	29	letters	letter	NOUN
hassl-3373	128	30	,	,	PUNCT
hassl-3373	128	31	2023	2023	NUM
hassl-3373	128	32	,	,	PUNCT
hassl-3373	128	33	11(2	11(2	NUM
hassl-3373	128	34	):	):	PUNCT
hassl-3373	128	35	213	213	NUM
hassl-3373	128	36	-	-	SYM
hassl-3373	128	37	227	227	NUM
hassl-3373	128	38	217	217	NUM
hassl-3373	128	39	©	©	PROPN
hassl-3373	128	40	2023	2023	NUM
hassl-3373	128	41	conscientia	conscientia	PROPN
hassl-3373	128	42	beam	beam	PROPN
hassl-3373	128	43	.	.	PUNCT
hassl-3373	129	1	all	all	DET
hassl-3373	129	2	rights	right	NOUN
hassl-3373	129	3	reserved	reserve	VERB
hassl-3373	129	4	.	.	PUNCT
hassl-3373	130	1	dummy	dummy	ADJ
hassl-3373	130	2	variable	variable	PROPN
hassl-3373	130	3	dumchina	dumchina	PROPN
hassl-3373	130	4	,	,	PUNCT
hassl-3373	130	5	with	with	ADP
hassl-3373	130	6	a	a	DET
hassl-3373	130	7	value	value	NOUN
hassl-3373	130	8	of	of	ADP
hassl-3373	130	9	1	1	NUM
hassl-3373	130	10	if	if	SCONJ
hassl-3373	130	11	the	the	DET
hassl-3373	130	12	firm	firm	NOUN
hassl-3373	130	13	has	have	AUX
hassl-3373	130	14	and	and	CCONJ
hassl-3373	130	15	discloses	disclose	VERB
hassl-3373	130	16	cooperation	cooperation	NOUN
hassl-3373	130	17	with	with	ADP
hassl-3373	130	18	china	china	PROPN
hassl-3373	130	19	or	or	CCONJ
hassl-3373	130	20	is	be	AUX
hassl-3373	130	21	affected	affect	VERB
hassl-3373	130	22	by	by	ADP
hassl-3373	130	23	activities	activity	NOUN
hassl-3373	130	24	and	and	CCONJ
hassl-3373	130	25	policies	policy	NOUN
hassl-3373	130	26	(	(	PUNCT
hassl-3373	130	27	such	such	ADJ
hassl-3373	130	28	as	as	ADP
hassl-3373	130	29	import	import	NOUN
hassl-3373	130	30	and	and	CCONJ
hassl-3373	130	31	export	export	NOUN
hassl-3373	130	32	activities	activity	NOUN
hassl-3373	130	33	)	)	PUNCT
hassl-3373	130	34	made	make	VERB
hassl-3373	130	35	by	by	ADP
hassl-3373	130	36	china	china	PROPN
hassl-3373	130	37	and	and	CCONJ
hassl-3373	130	38	0	0	NUM
hassl-3373	130	39	otherwise	otherwise	ADV
hassl-3373	130	40	.	.	PUNCT
hassl-3373	131	1	china	china	PROPN
hassl-3373	131	2	exposure	exposure	NOUN
hassl-3373	131	3	is	be	AUX
hassl-3373	131	4	used	use	VERB
hassl-3373	131	5	to	to	PART
hassl-3373	131	6	see	see	VERB
hassl-3373	131	7	whether	whether	SCONJ
hassl-3373	131	8	the	the	DET
hassl-3373	131	9	disclosures	disclosure	NOUN
hassl-3373	131	10	in	in	ADP
hassl-3373	131	11	the	the	DET
hassl-3373	131	12	firm	firm	NOUN
hassl-3373	131	13	's	's	PART
hassl-3373	131	14	annual	annual	ADJ
hassl-3373	131	15	report	report	NOUN
hassl-3373	131	16	for	for	ADP
hassl-3373	131	17	cooperation	cooperation	NOUN
hassl-3373	131	18	and	and	CCONJ
hassl-3373	131	19	the	the	DET
hassl-3373	131	20	impact	impact	NOUN
hassl-3373	131	21	felt	feel	VERB
hassl-3373	131	22	by	by	ADP
hassl-3373	131	23	the	the	DET
hassl-3373	131	24	firm	firm	NOUN
hassl-3373	131	25	due	due	ADP
hassl-3373	131	26	to	to	ADP
hassl-3373	131	27	chinese	chinese	ADJ
hassl-3373	131	28	activities	activity	NOUN
hassl-3373	131	29	have	have	VERB
hassl-3373	131	30	a	a	DET
hassl-3373	131	31	relationship	relationship	NOUN
hassl-3373	131	32	with	with	ADP
hassl-3373	131	33	the	the	DET
hassl-3373	131	34	value	value	NOUN
hassl-3373	131	35	of	of	ADP
hassl-3373	131	36	the	the	DET
hassl-3373	131	37	firm	firm	NOUN
hassl-3373	131	38	during	during	ADP
hassl-3373	131	39	the	the	DET
hassl-3373	131	40	covid-19	covid-19	PROPN
hassl-3373	131	41	pandemic	pandemic	NOUN
hassl-3373	131	42	.	.	PUNCT
hassl-3373	132	1	specifically	specifically	ADV
hassl-3373	132	2	for	for	ADP
hassl-3373	132	3	the	the	DET
hassl-3373	132	4	covid-19	covid-19	PROPN
hassl-3373	132	5	and	and	CCONJ
hassl-3373	132	6	china	china	PROPN
hassl-3373	132	7	exposure	exposure	PROPN
hassl-3373	132	8	variables	variable	NOUN
hassl-3373	132	9	,	,	PUNCT
hassl-3373	132	10	data	datum	NOUN
hassl-3373	132	11	were	be	AUX
hassl-3373	132	12	obtained	obtain	VERB
hassl-3373	132	13	by	by	ADP
hassl-3373	132	14	searching	search	VERB
hassl-3373	132	15	for	for	ADP
hassl-3373	132	16	terms	term	NOUN
hassl-3373	132	17	for	for	ADP
hassl-3373	132	18	covid-19	covid-19	PROPN
hassl-3373	132	19	(	(	PUNCT
hassl-3373	132	20	such	such	ADJ
hassl-3373	132	21	as	as	ADP
hassl-3373	132	22	covid-19	covid-19	PROPN
hassl-3373	132	23	,	,	PUNCT
hassl-3373	132	24	coronavirus	coronavirus	NOUN
hassl-3373	132	25	,	,	PUNCT
hassl-3373	132	26	sars	sar	NOUN
hassl-3373	132	27	-	-	PUNCT
hassl-3373	132	28	cov-2	cov-2	NOUN
hassl-3373	132	29	)	)	PUNCT
hassl-3373	132	30	and	and	CCONJ
hassl-3373	132	31	china	china	PROPN
hassl-3373	132	32	(	(	PUNCT
hassl-3373	132	33	such	such	ADJ
hassl-3373	132	34	as	as	ADP
hassl-3373	132	35	tiongkok	tiongkok	PROPN
hassl-3373	132	36	and	and	CCONJ
hassl-3373	132	37	china	china	PROPN
hassl-3373	132	38	)	)	PUNCT
hassl-3373	132	39	.	.	PUNCT
hassl-3373	133	1	these	these	DET
hassl-3373	133	2	two	two	NUM
hassl-3373	133	3	variables	variable	NOUN
hassl-3373	133	4	were	be	AUX
hassl-3373	133	5	collected	collect	VERB
hassl-3373	133	6	using	use	VERB
hassl-3373	133	7	the	the	DET
hassl-3373	133	8	help	help	NOUN
hassl-3373	133	9	of	of	ADP
hassl-3373	133	10	tmailc	tmailc	PROPN
hassl-3373	133	11	software	software	NOUN
hassl-3373	133	12	,	,	PUNCT
hassl-3373	133	13	which	which	PRON
hassl-3373	133	14	was	be	AUX
hassl-3373	133	15	developed	develop	VERB
hassl-3373	133	16	by	by	ADP
hassl-3373	133	17	the	the	DET
hassl-3373	133	18	center	center	NOUN
hassl-3373	133	19	for	for	ADP
hassl-3373	133	20	political	political	ADJ
hassl-3373	133	21	economy	economy	NOUN
hassl-3373	133	22	and	and	CCONJ
hassl-3373	133	23	business	business	NOUN
hassl-3373	133	24	research	research	NOUN
hassl-3373	133	25	(	(	PUNCT
hassl-3373	133	26	cpebr	cpebr	ADJ
hassl-3373	133	27	)	)	PUNCT
hassl-3373	133	28	team	team	NOUN
hassl-3373	133	29	at	at	ADP
hassl-3373	133	30	airlangga	airlangga	PROPN
hassl-3373	133	31	university	university	PROPN
hassl-3373	133	32	.	.	PUNCT
hassl-3373	134	1	to	to	PART
hassl-3373	134	2	limit	limit	VERB
hassl-3373	134	3	the	the	DET
hassl-3373	134	4	influence	influence	NOUN
hassl-3373	134	5	of	of	ADP
hassl-3373	134	6	other	other	ADJ
hassl-3373	134	7	variables	variable	NOUN
hassl-3373	134	8	not	not	PART
hassl-3373	134	9	examined	examine	VERB
hassl-3373	134	10	in	in	ADP
hassl-3373	134	11	this	this	DET
hassl-3373	134	12	study	study	NOUN
hassl-3373	134	13	,	,	PUNCT
hassl-3373	134	14	we	we	PRON
hassl-3373	134	15	also	also	ADV
hassl-3373	134	16	used	use	VERB
hassl-3373	134	17	several	several	ADJ
hassl-3373	134	18	control	control	NOUN
hassl-3373	134	19	variables	variable	NOUN
hassl-3373	134	20	to	to	PART
hassl-3373	134	21	refer	refer	VERB
hassl-3373	134	22	to	to	ADP
hassl-3373	134	23	previous	previous	ADJ
hassl-3373	134	24	research	research	NOUN
hassl-3373	134	25	(	(	PUNCT
hassl-3373	134	26	bose	bose	PROPN
hassl-3373	134	27	et	et	PROPN
hassl-3373	134	28	al	al	PROPN
hassl-3373	134	29	.	.	PROPN
hassl-3373	134	30	,	,	PUNCT
hassl-3373	134	31	2022	2022	NUM
hassl-3373	134	32	;	;	PUNCT
hassl-3373	134	33	chen	chen	PROPN
hassl-3373	134	34	&	&	CCONJ
hassl-3373	134	35	wang	wang	PROPN
hassl-3373	134	36	,	,	PUNCT
hassl-3373	134	37	2011	2011	NUM
hassl-3373	134	38	;	;	PUNCT
hassl-3373	134	39	hassan	hassan	PROPN
hassl-3373	134	40	,	,	PUNCT
hassl-3373	134	41	2020	2020	NUM
hassl-3373	134	42	;	;	PUNCT
hassl-3373	134	43	ramelli	ramelli	PROPN
hassl-3373	134	44	&	&	CCONJ
hassl-3373	134	45	wagner	wagner	PROPN
hassl-3373	134	46	,	,	PUNCT
hassl-3373	134	47	2020	2020	NUM
hassl-3373	134	48	;	;	PUNCT
hassl-3373	134	49	wang	wang	PROPN
hassl-3373	134	50	,	,	PUNCT
hassl-3373	134	51	yu	yu	PROPN
hassl-3373	134	52	,	,	PUNCT
hassl-3373	134	53	&	&	CCONJ
hassl-3373	134	54	chan	chan	PROPN
hassl-3373	134	55	,	,	PUNCT
hassl-3373	134	56	2021	2021	NUM
hassl-3373	134	57	)	)	PUNCT
hassl-3373	134	58	.	.	PUNCT
hassl-3373	135	1	these	these	DET
hassl-3373	135	2	control	control	NOUN
hassl-3373	135	3	variables	variable	NOUN
hassl-3373	135	4	are	be	AUX
hassl-3373	135	5	number	number	NOUN
hassl-3373	135	6	of	of	ADP
hassl-3373	135	7	directors	director	NOUN
hassl-3373	135	8	(	(	PUNCT
hassl-3373	135	9	dirsize	dirsize	PROPN
hassl-3373	135	10	)	)	PUNCT
hassl-3373	135	11	;	;	PUNCT
hassl-3373	135	12	number	number	NOUN
hassl-3373	135	13	of	of	ADP
hassl-3373	135	14	commissioners	commissioner	NOUN
hassl-3373	135	15	(	(	PUNCT
hassl-3373	135	16	comsize	comsize	VERB
hassl-3373	135	17	)	)	PUNCT
hassl-3373	135	18	;	;	PUNCT
hassl-3373	135	19	number	number	NOUN
hassl-3373	135	20	of	of	ADP
hassl-3373	135	21	the	the	DET
hassl-3373	135	22	audit	audit	NOUN
hassl-3373	135	23	committee	committee	NOUN
hassl-3373	135	24	(	(	PUNCT
hassl-3373	135	25	aucom	aucom	PROPN
hassl-3373	135	26	)	)	PUNCT
hassl-3373	135	27	;	;	PUNCT
hassl-3373	135	28	the	the	DET
hassl-3373	135	29	existence	existence	NOUN
hassl-3373	135	30	of	of	ADP
hassl-3373	135	31	a	a	DET
hassl-3373	135	32	risk	risk	NOUN
hassl-3373	135	33	management	management	NOUN
hassl-3373	135	34	committee	committee	NOUN
hassl-3373	135	35	(	(	PUNCT
hassl-3373	135	36	rmc	rmc	PROPN
hassl-3373	135	37	)	)	PUNCT
hassl-3373	135	38	;	;	PUNCT
hassl-3373	135	39	firm	firm	ADJ
hassl-3373	135	40	age	age	NOUN
hassl-3373	135	41	(	(	PUNCT
hassl-3373	135	42	firmage	firmage	NOUN
hassl-3373	135	43	)	)	PUNCT
hassl-3373	135	44	;	;	PUNCT
hassl-3373	135	45	firm	firm	ADJ
hassl-3373	135	46	size	size	NOUN
hassl-3373	135	47	(	(	PUNCT
hassl-3373	135	48	fsize	fsize	NOUN
hassl-3373	135	49	)	)	PUNCT
hassl-3373	135	50	;	;	PUNCT
hassl-3373	135	51	firm	firm	ADJ
hassl-3373	135	52	leverage	leverage	NOUN
hassl-3373	135	53	(	(	PUNCT
hassl-3373	135	54	lev	lev	NOUN
hassl-3373	135	55	)	)	PUNCT
hassl-3373	135	56	;	;	PUNCT
hassl-3373	135	57	the	the	DET
hassl-3373	135	58	amount	amount	NOUN
hassl-3373	135	59	of	of	ADP
hassl-3373	135	60	cash	cash	NOUN
hassl-3373	135	61	owed	owe	VERB
hassl-3373	135	62	by	by	ADP
hassl-3373	135	63	the	the	DET
hassl-3373	135	64	firm	firm	NOUN
hassl-3373	135	65	(	(	PUNCT
hassl-3373	135	66	cash	cash	NOUN
hassl-3373	135	67	)	)	PUNCT
hassl-3373	135	68	;	;	PUNCT
hassl-3373	135	69	sales	sale	NOUN
hassl-3373	135	70	growth	growth	NOUN
hassl-3373	135	71	(	(	PUNCT
hassl-3373	135	72	growth	growth	NOUN
hassl-3373	135	73	)	)	PUNCT
hassl-3373	135	74	;	;	PUNCT
hassl-3373	135	75	plant	plant	NOUN
hassl-3373	135	76	property	property	NOUN
hassl-3373	135	77	equipment	equipment	NOUN
hassl-3373	135	78	ratio	ratio	NOUN
hassl-3373	135	79	(	(	PUNCT
hassl-3373	135	80	ppe	ppe	PROPN
hassl-3373	135	81	)	)	PUNCT
hassl-3373	135	82	;	;	PUNCT
hassl-3373	135	83	net	net	ADJ
hassl-3373	135	84	cash	cash	NOUN
hassl-3373	135	85	flow	flow	NOUN
hassl-3373	135	86	from	from	ADP
hassl-3373	135	87	operating	operate	VERB
hassl-3373	135	88	activities	activity	NOUN
hassl-3373	135	89	(	(	PUNCT
hassl-3373	135	90	ncfo	ncfo	ADJ
hassl-3373	135	91	)	)	PUNCT
hassl-3373	135	92	;	;	PUNCT
hassl-3373	135	93	and	and	CCONJ
hassl-3373	135	94	research	research	NOUN
hassl-3373	135	95	and	and	CCONJ
hassl-3373	135	96	development	development	NOUN
hassl-3373	135	97	value	value	NOUN
hassl-3373	135	98	(	(	PUNCT
hassl-3373	135	99	rnd	rnd	PROPN
hassl-3373	135	100	)	)	PUNCT
hassl-3373	135	101	.	.	PUNCT
hassl-3373	136	1	the	the	DET
hassl-3373	136	2	variable	variable	ADJ
hassl-3373	136	3	definitions	definition	NOUN
hassl-3373	136	4	are	be	AUX
hassl-3373	136	5	summarized	summarize	VERB
hassl-3373	136	6	in	in	ADP
hassl-3373	136	7	table	table	NOUN
hassl-3373	136	8	2	2	NUM
hassl-3373	136	9	.	.	PUNCT
hassl-3373	136	10	table	table	NOUN
hassl-3373	136	11	2	2	NUM
hassl-3373	136	12	.	.	PUNCT
hassl-3373	136	13	variable	variable	ADJ
hassl-3373	136	14	definitions	definition	NOUN
hassl-3373	136	15	.	.	PUNCT
hassl-3373	137	1	variable	variable	ADJ
hassl-3373	137	2	explanation	explanation	NOUN
hassl-3373	137	3	source	source	NOUN
hassl-3373	137	4	dependent	dependent	ADJ
hassl-3373	137	5	:	:	PUNCT
hassl-3373	137	6	mtb	mtb	NOUN
hassl-3373	137	7	book	book	NOUN
hassl-3373	137	8	value	value	NOUN
hassl-3373	137	9	of	of	ADP
hassl-3373	137	10	equity	equity	NOUN
hassl-3373	137	11	divided	divide	VERB
hassl-3373	137	12	by	by	ADP
hassl-3373	137	13	market	market	NOUN
hassl-3373	137	14	valuation	valuation	NOUN
hassl-3373	137	15	osiris	osiris	PROPN
hassl-3373	137	16	independent	independent	ADJ
hassl-3373	137	17	:	:	PUNCT
hassl-3373	137	18	covdum	covdum	NOUN
hassl-3373	137	19	dummy	dummy	ADJ
hassl-3373	137	20	variable	variable	NOUN
hassl-3373	137	21	,	,	PUNCT
hassl-3373	137	22	1	1	NUM
hassl-3373	137	23	if	if	SCONJ
hassl-3373	137	24	the	the	DET
hassl-3373	137	25	firm	firm	NOUN
hassl-3373	137	26	discloses	disclose	VERB
hassl-3373	137	27	the	the	DET
hassl-3373	137	28	term	term	NOUN
hassl-3373	137	29	covid-19	covid-19	PROPN
hassl-3373	137	30	in	in	ADP
hassl-3373	137	31	its	its	PRON
hassl-3373	137	32	annual	annual	ADJ
hassl-3373	137	33	report	report	NOUN
hassl-3373	137	34	annual	annual	ADJ
hassl-3373	137	35	report	report	NOUN
hassl-3373	137	36	and	and	CCONJ
hassl-3373	137	37	tmailc	tmailc	NOUN
hassl-3373	137	38	dumchina	dumchina	ADJ
hassl-3373	137	39	dummy	dummy	ADJ
hassl-3373	137	40	variable	variable	NOUN
hassl-3373	137	41	,	,	PUNCT
hassl-3373	137	42	1	1	NUM
hassl-3373	137	43	if	if	SCONJ
hassl-3373	137	44	the	the	DET
hassl-3373	137	45	firm	firm	NOUN
hassl-3373	137	46	has	have	AUX
hassl-3373	137	47	and	and	CCONJ
hassl-3373	137	48	discloses	disclose	VERB
hassl-3373	137	49	cooperation	cooperation	NOUN
hassl-3373	137	50	with	with	ADP
hassl-3373	137	51	china	china	PROPN
hassl-3373	137	52	or	or	CCONJ
hassl-3373	137	53	is	be	AUX
hassl-3373	137	54	affected	affect	VERB
hassl-3373	137	55	by	by	ADP
hassl-3373	137	56	activities	activity	NOUN
hassl-3373	137	57	and	and	CCONJ
hassl-3373	137	58	policies	policy	NOUN
hassl-3373	137	59	(	(	PUNCT
hassl-3373	137	60	such	such	ADJ
hassl-3373	137	61	as	as	ADP
hassl-3373	137	62	import	import	NOUN
hassl-3373	137	63	and	and	CCONJ
hassl-3373	137	64	export	export	NOUN
hassl-3373	137	65	activities	activity	NOUN
hassl-3373	137	66	)	)	PUNCT
hassl-3373	137	67	made	make	VERB
hassl-3373	137	68	by	by	ADP
hassl-3373	137	69	china	china	PROPN
hassl-3373	137	70	and	and	CCONJ
hassl-3373	137	71	0	0	NUM
hassl-3373	137	72	otherwise	otherwise	ADV
hassl-3373	137	73	annual	annual	ADJ
hassl-3373	137	74	report	report	NOUN
hassl-3373	137	75	and	and	CCONJ
hassl-3373	137	76	tmailc	tmailc	PROPN
hassl-3373	137	77	control	control	PROPN
hassl-3373	137	78	:	:	PUNCT
hassl-3373	137	79	dirsize	dirsize	NOUN
hassl-3373	137	80	total	total	ADJ
hassl-3373	137	81	number	number	NOUN
hassl-3373	137	82	of	of	ADP
hassl-3373	137	83	directors	director	NOUN
hassl-3373	137	84	on	on	ADP
hassl-3373	137	85	the	the	DET
hassl-3373	137	86	board	board	NOUN
hassl-3373	137	87	annual	annual	ADJ
hassl-3373	137	88	report	report	NOUN
hassl-3373	137	89	comsize	comsize	VERB
hassl-3373	137	90	total	total	ADJ
hassl-3373	137	91	number	number	NOUN
hassl-3373	137	92	of	of	ADP
hassl-3373	137	93	commissioners	commissioner	NOUN
hassl-3373	137	94	on	on	ADP
hassl-3373	137	95	the	the	DET
hassl-3373	137	96	board	board	NOUN
hassl-3373	137	97	annual	annual	ADJ
hassl-3373	137	98	report	report	NOUN
hassl-3373	137	99	aucom	aucom	PROPN
hassl-3373	137	100	total	total	ADJ
hassl-3373	137	101	number	number	NOUN
hassl-3373	137	102	of	of	ADP
hassl-3373	137	103	members	member	NOUN
hassl-3373	137	104	on	on	ADP
hassl-3373	137	105	the	the	DET
hassl-3373	137	106	audit	audit	NOUN
hassl-3373	137	107	committee	committee	NOUN
hassl-3373	137	108	annual	annual	ADJ
hassl-3373	137	109	report	report	NOUN
hassl-3373	137	110	rmc	rmc	PROPN
hassl-3373	137	111	total	total	ADJ
hassl-3373	137	112	number	number	NOUN
hassl-3373	137	113	of	of	ADP
hassl-3373	137	114	members	member	NOUN
hassl-3373	137	115	on	on	ADP
hassl-3373	137	116	the	the	DET
hassl-3373	137	117	risk	risk	NOUN
hassl-3373	137	118	management	management	NOUN
hassl-3373	137	119	committee	committee	NOUN
hassl-3373	137	120	annual	annual	ADJ
hassl-3373	137	121	report	report	NOUN
hassl-3373	137	122	lnfirmage	lnfirmage	NOUN
hassl-3373	137	123	natural	natural	ADJ
hassl-3373	137	124	logarithm	logarithm	NOUN
hassl-3373	137	125	of	of	ADP
hassl-3373	137	126	the	the	DET
hassl-3373	137	127	number	number	NOUN
hassl-3373	137	128	of	of	ADP
hassl-3373	137	129	years	year	NOUN
hassl-3373	137	130	since	since	SCONJ
hassl-3373	137	131	the	the	DET
hassl-3373	137	132	firm	firm	NOUN
hassl-3373	137	133	was	be	AUX
hassl-3373	137	134	founded	found	VERB
hassl-3373	137	135	annual	annual	ADJ
hassl-3373	137	136	report	report	NOUN
hassl-3373	137	137	fsize	fsize	VERB
hassl-3373	137	138	natural	natural	ADJ
hassl-3373	137	139	logarithm	logarithm	NOUN
hassl-3373	137	140	of	of	ADP
hassl-3373	137	141	total	total	ADJ
hassl-3373	137	142	assets	asset	NOUN
hassl-3373	137	143	osiris	osiris	NOUN
hassl-3373	137	144	lev	lev	PROPN
hassl-3373	137	145	total	total	ADJ
hassl-3373	137	146	debt	debt	NOUN
hassl-3373	137	147	divided	divide	VERB
hassl-3373	137	148	by	by	ADP
hassl-3373	137	149	total	total	ADJ
hassl-3373	137	150	assets	asset	NOUN
hassl-3373	137	151	osiris	osiris	NOUN
hassl-3373	137	152	lncash	lncash	ADJ
hassl-3373	137	153	natural	natural	ADJ
hassl-3373	137	154	logarithm	logarithm	NOUN
hassl-3373	137	155	of	of	ADP
hassl-3373	137	156	total	total	ADJ
hassl-3373	137	157	cash	cash	NOUN
hassl-3373	137	158	and	and	CCONJ
hassl-3373	137	159	cash	cash	NOUN
hassl-3373	137	160	equivalent	equivalent	ADJ
hassl-3373	137	161	osiris	osiris	PROPN
hassl-3373	137	162	growth	growth	NOUN
hassl-3373	137	163	proportional	proportional	ADJ
hassl-3373	137	164	change	change	NOUN
hassl-3373	137	165	of	of	ADP
hassl-3373	137	166	sales	sale	NOUN
hassl-3373	137	167	(	(	PUNCT
hassl-3373	137	168	the	the	DET
hassl-3373	137	169	difference	difference	NOUN
hassl-3373	137	170	between	between	ADP
hassl-3373	137	171	total	total	ADJ
hassl-3373	137	172	sales	sale	NOUN
hassl-3373	137	173	minus	minus	CCONJ
hassl-3373	137	174	lag	lag	NOUN
hassl-3373	137	175	total	total	ADJ
hassl-3373	137	176	sales	sale	NOUN
hassl-3373	137	177	scaled	scale	VERB
hassl-3373	137	178	by	by	ADP
hassl-3373	137	179	lag	lag	NOUN
hassl-3373	137	180	total	total	ADJ
hassl-3373	137	181	sales	sale	NOUN
hassl-3373	137	182	)	)	PUNCT
hassl-3373	137	183	osiris	osiris	PROPN
hassl-3373	137	184	ppe	ppe	PROPN
hassl-3373	137	185	plant	plant	NOUN
hassl-3373	137	186	and	and	CCONJ
hassl-3373	137	187	property	property	NOUN
hassl-3373	137	188	equipment	equipment	NOUN
hassl-3373	137	189	divided	divide	VERB
hassl-3373	137	190	by	by	ADP
hassl-3373	137	191	total	total	ADJ
hassl-3373	137	192	assets	asset	NOUN
hassl-3373	137	193	osiris	osiris	X
hassl-3373	137	194	ncfo	ncfo	ADJ
hassl-3373	137	195	net	net	ADJ
hassl-3373	137	196	cash	cash	NOUN
hassl-3373	137	197	flow	flow	NOUN
hassl-3373	137	198	from	from	ADP
hassl-3373	137	199	operating	operate	VERB
hassl-3373	137	200	activities	activity	NOUN
hassl-3373	137	201	osiris	osiris	PROPN
hassl-3373	137	202	rnd	rnd	PROPN
hassl-3373	137	203	total	total	NOUN
hassl-3373	137	204	of	of	ADP
hassl-3373	137	205	research	research	NOUN
hassl-3373	137	206	and	and	CCONJ
hassl-3373	137	207	development	development	NOUN
hassl-3373	137	208	osiris	osiris	PROPN
hassl-3373	137	209	3.3	3.3	NUM
hassl-3373	137	210	.	.	PUNCT
hassl-3373	138	1	research	research	NOUN
hassl-3373	138	2	design	design	NOUN
hassl-3373	138	3	this	this	DET
hassl-3373	138	4	study	study	NOUN
hassl-3373	138	5	uses	use	VERB
hassl-3373	138	6	an	an	DET
hassl-3373	138	7	ordinary	ordinary	ADJ
hassl-3373	138	8	least	least	ADJ
hassl-3373	138	9	squares	square	NOUN
hassl-3373	138	10	(	(	PUNCT
hassl-3373	138	11	ols	ol	NOUN
hassl-3373	138	12	)	)	PUNCT
hassl-3373	138	13	regression	regression	NOUN
hassl-3373	138	14	model	model	NOUN
hassl-3373	138	15	with	with	ADP
hassl-3373	138	16	industry	industry	NOUN
hassl-3373	138	17	fixed	fix	VERB
hassl-3373	138	18	effects	effect	NOUN
hassl-3373	138	19	and	and	CCONJ
hassl-3373	138	20	clustered	clustered	ADJ
hassl-3373	138	21	standard	standard	ADJ
hassl-3373	138	22	errors	error	NOUN
hassl-3373	138	23	to	to	PART
hassl-3373	138	24	control	control	VERB
hassl-3373	138	25	for	for	ADP
hassl-3373	138	26	differences	difference	NOUN
hassl-3373	138	27	in	in	ADP
hassl-3373	138	28	industry	industry	NOUN
hassl-3373	138	29	characteristics	characteristic	NOUN
hassl-3373	138	30	(	(	PUNCT
hassl-3373	138	31	petersen	petersen	PROPN
hassl-3373	138	32	,	,	PUNCT
hassl-3373	138	33	2008	2008	NUM
hassl-3373	138	34	)	)	PUNCT
hassl-3373	138	35	.	.	PUNCT
hassl-3373	139	1	to	to	PART
hassl-3373	139	2	test	test	VERB
hassl-3373	139	3	the	the	DET
hassl-3373	139	4	hypotheses	hypothesis	NOUN
hassl-3373	139	5	,	,	PUNCT
hassl-3373	139	6	we	we	PRON
hassl-3373	139	7	used	use	VERB
hassl-3373	139	8	two	two	NUM
hassl-3373	139	9	research	research	NOUN
hassl-3373	139	10	models	model	NOUN
hassl-3373	139	11	.	.	PUNCT
hassl-3373	140	1	the	the	DET
hassl-3373	140	2	first	first	ADJ
hassl-3373	140	3	model	model	NOUN
hassl-3373	140	4	is	be	AUX
hassl-3373	140	5	used	use	VERB
hassl-3373	140	6	to	to	PART
hassl-3373	140	7	examine	examine	VERB
hassl-3373	140	8	the	the	DET
hassl-3373	140	9	relationship	relationship	NOUN
hassl-3373	140	10	between	between	ADP
hassl-3373	140	11	covid-19	covid-19	PROPN
hassl-3373	140	12	exposure	exposure	NOUN
hassl-3373	140	13	and	and	CCONJ
hassl-3373	140	14	firm	firm	ADJ
hassl-3373	140	15	value	value	NOUN
hassl-3373	140	16	,	,	PUNCT
hassl-3373	140	17	and	and	CCONJ
hassl-3373	140	18	the	the	DET
hassl-3373	140	19	second	second	ADJ
hassl-3373	140	20	model	model	NOUN
hassl-3373	140	21	is	be	AUX
hassl-3373	140	22	used	use	VERB
hassl-3373	140	23	to	to	PART
hassl-3373	140	24	examine	examine	VERB
hassl-3373	140	25	the	the	DET
hassl-3373	140	26	relationship	relationship	NOUN
hassl-3373	140	27	between	between	ADP
hassl-3373	140	28	china	china	PROPN
hassl-3373	140	29	exposure	exposure	NOUN
hassl-3373	140	30	and	and	CCONJ
hassl-3373	140	31	firm	firm	ADJ
hassl-3373	140	32	value	value	NOUN
hassl-3373	140	33	.	.	PUNCT
hassl-3373	141	1	we	we	PRON
hassl-3373	141	2	also	also	ADV
hassl-3373	141	3	conducted	conduct	VERB
hassl-3373	141	4	a	a	DET
hassl-3373	141	5	robustness	robustness	NOUN
hassl-3373	141	6	test	test	NOUN
hassl-3373	141	7	to	to	PART
hassl-3373	141	8	overcome	overcome	VERB
hassl-3373	141	9	the	the	DET
hassl-3373	141	10	problem	problem	NOUN
hassl-3373	141	11	of	of	ADP
hassl-3373	141	12	endogeneity	endogeneity	NOUN
hassl-3373	141	13	.	.	PUNCT
hassl-3373	142	1	equation	equation	NOUN
hassl-3373	142	2	1	1	NUM
hassl-3373	142	3	:	:	PUNCT
hassl-3373	142	4	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	143	1	=	=	X
hassl-3373	143	2	𝛽0	𝛽0	ADJ
hassl-3373	143	3	+	+	CCONJ
hassl-3373	143	4	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	PROPN
hassl-3373	143	5	+	+	CCONJ
hassl-3373	143	6	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NOUN
hassl-3373	143	7	+	+	CCONJ
hassl-3373	143	8	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	143	9	+	+	NUM
hassl-3373	143	10	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	143	11	+	+	CCONJ
hassl-3373	143	12	𝛽5𝑅𝑀𝐶𝐼,𝑇	𝛽5𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	143	13	+	+	NUM
hassl-3373	143	14	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	NUM
hassl-3373	143	15	+	+	CCONJ
hassl-3373	143	16	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	143	17	+	+	SYM
hassl-3373	143	18	𝛽8𝐿𝐸𝑉𝐼,𝑇	𝛽8𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	143	19	+	+	CCONJ
hassl-3373	143	20	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	143	21	+	+	SYM
hassl-3373	143	22	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	143	23	+	+	CCONJ
hassl-3373	143	24	𝛽11𝑃𝑃𝐸𝐼,𝑇	𝛽11𝑃𝑃𝐸𝐼,𝑇	ADJ
hassl-3373	143	25	+	+	CCONJ
hassl-3373	143	26	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	NOUN
hassl-3373	143	27	+	+	CCONJ
hassl-3373	143	28	𝛽13𝑅𝑁𝐷𝐼,𝑇	𝛽13𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	143	29	+	+	CCONJ
hassl-3373	143	30	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	PROPN
hassl-3373	143	31	+	+	CCONJ
hassl-3373	143	32	𝜀𝑖,𝑡	𝜀𝑖,𝑡	ADJ
hassl-3373	143	33	humanities	humanity	NOUN
hassl-3373	143	34	and	and	CCONJ
hassl-3373	143	35	social	social	ADJ
hassl-3373	143	36	sciences	science	NOUN
hassl-3373	143	37	letters	letter	NOUN
hassl-3373	143	38	,	,	PUNCT
hassl-3373	143	39	2023	2023	NUM
hassl-3373	143	40	,	,	PUNCT
hassl-3373	143	41	11(2	11(2	NUM
hassl-3373	143	42	):	):	PUNCT
hassl-3373	143	43	213	213	NUM
hassl-3373	143	44	-	-	SYM
hassl-3373	143	45	227	227	NUM
hassl-3373	143	46	218	218	NUM
hassl-3373	143	47	©	©	ADP
hassl-3373	143	48	2023	2023	NUM
hassl-3373	143	49	conscientia	conscientia	PROPN
hassl-3373	143	50	beam	beam	PROPN
hassl-3373	143	51	.	.	PUNCT
hassl-3373	144	1	all	all	DET
hassl-3373	144	2	rights	right	NOUN
hassl-3373	144	3	reserved	reserve	VERB
hassl-3373	144	4	.	.	PUNCT
hassl-3373	145	1	equation	equation	NOUN
hassl-3373	145	2	1	1	NUM
hassl-3373	145	3	shows	show	VERB
hassl-3373	145	4	the	the	DET
hassl-3373	145	5	dependent	dependent	ADJ
hassl-3373	145	6	variable	variable	NOUN
hassl-3373	145	7	,	,	PUNCT
hassl-3373	145	8	namely	namely	ADV
hassl-3373	145	9	firm	firm	ADJ
hassl-3373	145	10	value	value	NOUN
hassl-3373	145	11	(	(	PUNCT
hassl-3373	145	12	mtb	mtb	NOUN
hassl-3373	145	13	)	)	PUNCT
hassl-3373	145	14	,	,	PUNCT
hassl-3373	145	15	and	and	CCONJ
hassl-3373	145	16	the	the	DET
hassl-3373	145	17	independent	independent	ADJ
hassl-3373	145	18	variable	variable	NOUN
hassl-3373	145	19	,	,	PUNCT
hassl-3373	145	20	covid-19	covid-19	PROPN
hassl-3373	145	21	exposure	exposure	NOUN
hassl-3373	145	22	(	(	PUNCT
hassl-3373	145	23	covdum	covdum	NOUN
hassl-3373	145	24	)	)	PUNCT
hassl-3373	145	25	.	.	PUNCT
hassl-3373	146	1	additionally	additionally	ADV
hassl-3373	146	2	,	,	PUNCT
hassl-3373	146	3	several	several	ADJ
hassl-3373	146	4	control	control	NOUN
hassl-3373	146	5	variables	variable	NOUN
hassl-3373	146	6	are	be	AUX
hassl-3373	146	7	included	include	VERB
hassl-3373	146	8	in	in	ADP
hassl-3373	146	9	the	the	DET
hassl-3373	146	10	model	model	NOUN
hassl-3373	146	11	.	.	PUNCT
hassl-3373	147	1	we	we	PRON
hassl-3373	147	2	expect	expect	VERB
hassl-3373	147	3	that	that	DET
hassl-3373	147	4	covdum	covdum	NOUN
hassl-3373	147	5	will	will	AUX
hassl-3373	147	6	have	have	VERB
hassl-3373	147	7	a	a	DET
hassl-3373	147	8	positive	positive	ADJ
hassl-3373	147	9	effect	effect	NOUN
hassl-3373	147	10	on	on	ADP
hassl-3373	147	11	mtb	mtb	NOUN
hassl-3373	147	12	.	.	PUNCT
hassl-3373	148	1	equation	equation	NOUN
hassl-3373	148	2	2	2	NUM
hassl-3373	148	3	:	:	PUNCT
hassl-3373	148	4	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	149	1	=	=	X
hassl-3373	149	2	𝛽0	𝛽0	ADJ
hassl-3373	149	3	+	+	CCONJ
hassl-3373	149	4	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	PROPN
hassl-3373	149	5	+	+	X
hassl-3373	149	6	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NOUN
hassl-3373	149	7	+	+	CCONJ
hassl-3373	149	8	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	149	9	+	+	NUM
hassl-3373	149	10	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	149	11	+	+	CCONJ
hassl-3373	149	12	𝛽5𝑅𝑀𝐶𝐼,𝑇	𝛽5𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	149	13	+	+	NUM
hassl-3373	149	14	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	NUM
hassl-3373	149	15	+	+	CCONJ
hassl-3373	149	16	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	149	17	+	+	SYM
hassl-3373	149	18	𝛽8𝐿𝐸𝑉𝐼,𝑇	𝛽8𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	149	19	+	+	CCONJ
hassl-3373	149	20	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	149	21	+	+	SYM
hassl-3373	149	22	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	149	23	+	+	CCONJ
hassl-3373	149	24	𝛽11𝑃𝑃𝐸𝐼,𝑇	𝛽11𝑃𝑃𝐸𝐼,𝑇	ADJ
hassl-3373	149	25	+	+	CCONJ
hassl-3373	149	26	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	NOUN
hassl-3373	149	27	+	+	CCONJ
hassl-3373	149	28	𝛽13𝑅𝑁𝐷𝐼,𝑇	𝛽13𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	149	29	+	+	CCONJ
hassl-3373	149	30	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	PROPN
hassl-3373	149	31	+	+	CCONJ
hassl-3373	149	32	𝜀𝑖,𝑡	𝜀𝑖,𝑡	VERB
hassl-3373	149	33	equation	equation	NOUN
hassl-3373	149	34	2	2	NUM
hassl-3373	149	35	presents	present	VERB
hassl-3373	149	36	the	the	DET
hassl-3373	149	37	dependent	dependent	ADJ
hassl-3373	149	38	variable	variable	NOUN
hassl-3373	149	39	,	,	PUNCT
hassl-3373	149	40	which	which	PRON
hassl-3373	149	41	is	be	AUX
hassl-3373	149	42	firm	firm	ADJ
hassl-3373	149	43	value	value	NOUN
hassl-3373	149	44	(	(	PUNCT
hassl-3373	149	45	mtb	mtb	NOUN
hassl-3373	149	46	)	)	PUNCT
hassl-3373	149	47	,	,	PUNCT
hassl-3373	149	48	and	and	CCONJ
hassl-3373	149	49	the	the	DET
hassl-3373	149	50	independent	independent	ADJ
hassl-3373	149	51	variable	variable	NOUN
hassl-3373	149	52	,	,	PUNCT
hassl-3373	149	53	which	which	PRON
hassl-3373	149	54	is	be	AUX
hassl-3373	149	55	exposure	exposure	NOUN
hassl-3373	149	56	to	to	ADP
hassl-3373	149	57	the	the	DET
hassl-3373	149	58	covid-19	covid-19	PROPN
hassl-3373	149	59	situation	situation	NOUN
hassl-3373	149	60	in	in	ADP
hassl-3373	149	61	china	china	PROPN
hassl-3373	149	62	on	on	ADP
hassl-3373	149	63	the	the	DET
hassl-3373	149	64	global	global	ADJ
hassl-3373	149	65	business	business	NOUN
hassl-3373	149	66	environment	environment	NOUN
hassl-3373	149	67	(	(	PUNCT
hassl-3373	149	68	dumchina	dumchina	PROPN
hassl-3373	149	69	)	)	PUNCT
hassl-3373	149	70	.	.	PUNCT
hassl-3373	150	1	in	in	ADP
hassl-3373	150	2	addition	addition	NOUN
hassl-3373	150	3	,	,	PUNCT
hassl-3373	150	4	several	several	ADJ
hassl-3373	150	5	control	control	NOUN
hassl-3373	150	6	variables	variable	NOUN
hassl-3373	150	7	are	be	AUX
hassl-3373	150	8	also	also	ADV
hassl-3373	150	9	included	include	VERB
hassl-3373	150	10	in	in	ADP
hassl-3373	150	11	the	the	DET
hassl-3373	150	12	model	model	NOUN
hassl-3373	150	13	to	to	PART
hassl-3373	150	14	enhance	enhance	VERB
hassl-3373	150	15	the	the	DET
hassl-3373	150	16	testing	testing	NOUN
hassl-3373	150	17	and	and	CCONJ
hassl-3373	150	18	analysis	analysis	NOUN
hassl-3373	150	19	outcomes	outcome	NOUN
hassl-3373	150	20	.	.	PUNCT
hassl-3373	151	1	we	we	PRON
hassl-3373	151	2	expect	expect	VERB
hassl-3373	151	3	that	that	DET
hassl-3373	151	4	dumchina	dumchina	PROPN
hassl-3373	151	5	will	will	AUX
hassl-3373	151	6	have	have	VERB
hassl-3373	151	7	a	a	DET
hassl-3373	151	8	positive	positive	ADJ
hassl-3373	151	9	effect	effect	NOUN
hassl-3373	151	10	on	on	ADP
hassl-3373	151	11	mtb	mtb	NOUN
hassl-3373	151	12	.	.	PUNCT
hassl-3373	152	1	4	4	NUM
hassl-3373	152	2	.	.	NOUN
hassl-3373	152	3	results	result	NOUN
hassl-3373	152	4	and	and	CCONJ
hassl-3373	152	5	discussion	discussion	NOUN
hassl-3373	152	6	4.1	4.1	NUM
hassl-3373	152	7	.	.	PUNCT
hassl-3373	153	1	summary	summary	NOUN
hassl-3373	153	2	statistic	statistic	NOUN
hassl-3373	153	3	table	table	NOUN
hassl-3373	153	4	3	3	NUM
hassl-3373	153	5	shows	show	VERB
hassl-3373	153	6	a	a	DET
hassl-3373	153	7	statistical	statistical	ADJ
hassl-3373	153	8	summary	summary	NOUN
hassl-3373	153	9	of	of	ADP
hassl-3373	153	10	the	the	DET
hassl-3373	153	11	total	total	ADJ
hassl-3373	153	12	sample	sample	NOUN
hassl-3373	153	13	in	in	ADP
hassl-3373	153	14	this	this	DET
hassl-3373	153	15	study	study	NOUN
hassl-3373	153	16	.	.	PUNCT
hassl-3373	154	1	the	the	DET
hassl-3373	154	2	results	result	NOUN
hassl-3373	154	3	show	show	VERB
hassl-3373	154	4	that	that	SCONJ
hassl-3373	154	5	the	the	DET
hassl-3373	154	6	mean	mean	ADJ
hassl-3373	154	7	firm	firm	ADJ
hassl-3373	154	8	value	value	NOUN
hassl-3373	154	9	of	of	ADP
hassl-3373	154	10	this	this	DET
hassl-3373	154	11	research	research	NOUN
hassl-3373	154	12	sample	sample	NOUN
hassl-3373	154	13	is	be	AUX
hassl-3373	154	14	2.304	2.304	NUM
hassl-3373	154	15	,	,	PUNCT
hassl-3373	154	16	with	with	ADP
hassl-3373	154	17	a	a	DET
hassl-3373	154	18	range	range	NOUN
hassl-3373	154	19	between	between	ADP
hassl-3373	154	20	-6.186	-6.186	PROPN
hassl-3373	154	21	and	and	CCONJ
hassl-3373	154	22	35.693	35.693	NUM
hassl-3373	154	23	.	.	NOUN
hassl-3373	154	24	of	of	ADP
hassl-3373	154	25	the	the	DET
hassl-3373	154	26	entire	entire	ADJ
hassl-3373	154	27	sample	sample	NOUN
hassl-3373	154	28	,	,	PUNCT
hassl-3373	154	29	80.7	80.7	NUM
hassl-3373	154	30	%	%	NOUN
hassl-3373	154	31	disclosed	disclose	VERB
hassl-3373	154	32	exposure	exposure	NOUN
hassl-3373	154	33	to	to	ADP
hassl-3373	154	34	the	the	DET
hassl-3373	154	35	covid-19	covid-19	PROPN
hassl-3373	154	36	pandemic	pandemic	NOUN
hassl-3373	154	37	in	in	ADP
hassl-3373	154	38	their	their	PRON
hassl-3373	154	39	annual	annual	ADJ
hassl-3373	154	40	reports	report	NOUN
hassl-3373	154	41	.	.	PUNCT
hassl-3373	155	1	meanwhile	meanwhile	ADV
hassl-3373	155	2	,	,	PUNCT
hassl-3373	155	3	84.9	84.9	NUM
hassl-3373	155	4	%	%	NOUN
hassl-3373	155	5	disclosed	disclose	VERB
hassl-3373	155	6	exposure	exposure	NOUN
hassl-3373	155	7	to	to	ADP
hassl-3373	155	8	activities	activity	NOUN
hassl-3373	155	9	carried	carry	VERB
hassl-3373	155	10	out	out	ADP
hassl-3373	155	11	by	by	ADP
hassl-3373	155	12	china	china	PROPN
hassl-3373	155	13	in	in	ADP
hassl-3373	155	14	the	the	DET
hassl-3373	155	15	form	form	NOUN
hassl-3373	155	16	of	of	ADP
hassl-3373	155	17	impacts	impact	NOUN
hassl-3373	155	18	on	on	ADP
hassl-3373	155	19	imports	import	NOUN
hassl-3373	155	20	and	and	CCONJ
hassl-3373	155	21	exports	export	NOUN
hassl-3373	155	22	,	,	PUNCT
hassl-3373	155	23	and	and	CCONJ
hassl-3373	155	24	the	the	DET
hassl-3373	155	25	trade	trade	NOUN
hassl-3373	155	26	war	war	NOUN
hassl-3373	155	27	with	with	ADP
hassl-3373	155	28	the	the	DET
hassl-3373	155	29	united	united	PROPN
hassl-3373	155	30	states	states	PROPN
hassl-3373	155	31	that	that	PRON
hassl-3373	155	32	occurred	occur	VERB
hassl-3373	155	33	until	until	ADP
hassl-3373	155	34	2019	2019	NUM
hassl-3373	155	35	.	.	PUNCT
hassl-3373	156	1	the	the	DET
hassl-3373	156	2	whole	whole	ADJ
hassl-3373	156	3	sample	sample	NOUN
hassl-3373	156	4	has	have	VERB
hassl-3373	156	5	an	an	DET
hassl-3373	156	6	average	average	NOUN
hassl-3373	156	7	of	of	ADP
hassl-3373	156	8	four	four	NUM
hassl-3373	156	9	members	member	NOUN
hassl-3373	156	10	on	on	ADP
hassl-3373	156	11	the	the	DET
hassl-3373	156	12	board	board	NOUN
hassl-3373	156	13	of	of	ADP
hassl-3373	156	14	directors	director	NOUN
hassl-3373	156	15	,	,	PUNCT
hassl-3373	156	16	ranging	range	VERB
hassl-3373	156	17	between	between	ADP
hassl-3373	156	18	2–11	2–11	PROPN
hassl-3373	156	19	members	member	NOUN
hassl-3373	156	20	,	,	PUNCT
hassl-3373	156	21	four	four	NUM
hassl-3373	156	22	members	member	NOUN
hassl-3373	156	23	on	on	ADP
hassl-3373	156	24	the	the	DET
hassl-3373	156	25	board	board	NOUN
hassl-3373	156	26	of	of	ADP
hassl-3373	156	27	commissioners	commissioner	NOUN
hassl-3373	156	28	with	with	ADP
hassl-3373	156	29	a	a	DET
hassl-3373	156	30	range	range	NOUN
hassl-3373	156	31	of	of	ADP
hassl-3373	156	32	2–10	2–10	NOUN
hassl-3373	156	33	members	member	NOUN
hassl-3373	156	34	,	,	PUNCT
hassl-3373	156	35	and	and	CCONJ
hassl-3373	156	36	three	three	NUM
hassl-3373	156	37	members	member	NOUN
hassl-3373	156	38	on	on	ADP
hassl-3373	156	39	the	the	DET
hassl-3373	156	40	audit	audit	NOUN
hassl-3373	156	41	committee	committee	NOUN
hassl-3373	156	42	with	with	ADP
hassl-3373	156	43	a	a	DET
hassl-3373	156	44	range	range	NOUN
hassl-3373	156	45	between	between	ADP
hassl-3373	156	46	1–4	1–4	NUM
hassl-3373	156	47	members	member	NOUN
hassl-3373	156	48	in	in	ADP
hassl-3373	156	49	its	its	PRON
hassl-3373	156	50	corporate	corporate	ADJ
hassl-3373	156	51	governance	governance	NOUN
hassl-3373	156	52	system	system	NOUN
hassl-3373	156	53	.	.	PUNCT
hassl-3373	157	1	table	table	NOUN
hassl-3373	157	2	3	3	NUM
hassl-3373	157	3	.	.	PUNCT
hassl-3373	158	1	summary	summary	NOUN
hassl-3373	158	2	statistics	statistic	NOUN
hassl-3373	158	3	.	.	PUNCT
hassl-3373	159	1	variable	variable	ADJ
hassl-3373	160	1	n	n	PRON
hassl-3373	160	2	mean	mean	VERB
hassl-3373	160	3	sd	sd	ADP
hassl-3373	160	4	p25	p25	NOUN
hassl-3373	160	5	median	median	NOUN
hassl-3373	160	6	p75	p75	PROPN
hassl-3373	160	7	min	min	PROPN
hassl-3373	160	8	.	.	PROPN
hassl-3373	160	9	max	max	PROPN
hassl-3373	160	10	.	.	PUNCT
hassl-3373	161	1	mtb	mtb	VERB
hassl-3373	161	2	430	430	NUM
hassl-3373	161	3	2.304	2.304	NUM
hassl-3373	161	4	4.771	4.771	NUM
hassl-3373	161	5	0.606	0.606	NUM
hassl-3373	161	6	1.12	1.12	NUM
hassl-3373	161	7	2.223	2.223	NUM
hassl-3373	161	8	-6.186	-6.186	PUNCT
hassl-3373	161	9	35.693	35.693	NUM
hassl-3373	161	10	covdum	covdum	NOUN
hassl-3373	161	11	430	430	NUM
hassl-3373	161	12	0.807	0.807	NUM
hassl-3373	161	13	0.395	0.395	NUM
hassl-3373	161	14	1	1	NUM
hassl-3373	161	15	1	1	NUM
hassl-3373	161	16	1	1	NUM
hassl-3373	161	17	0	0	NUM
hassl-3373	161	18	1	1	NUM
hassl-3373	161	19	dumchina	dumchina	NOUN
hassl-3373	161	20	430	430	NUM
hassl-3373	161	21	0.849	0.849	NUM
hassl-3373	161	22	0.359	0.359	NUM
hassl-3373	161	23	1	1	NUM
hassl-3373	161	24	1	1	NUM
hassl-3373	161	25	1	1	NUM
hassl-3373	161	26	0	0	NUM
hassl-3373	161	27	1	1	NUM
hassl-3373	161	28	dirsize	dirsize	NOUN
hassl-3373	161	29	430	430	NUM
hassl-3373	161	30	4.437	4.437	NUM
hassl-3373	161	31	1.806	1.806	NUM
hassl-3373	161	32	3	3	NUM
hassl-3373	161	33	4	4	NUM
hassl-3373	161	34	5	5	NUM
hassl-3373	161	35	2	2	NUM
hassl-3373	161	36	11	11	NUM
hassl-3373	161	37	comsize	comsize	VERB
hassl-3373	161	38	430	430	NUM
hassl-3373	161	39	3.923	3.923	NUM
hassl-3373	161	40	1.696	1.696	NUM
hassl-3373	161	41	3	3	NUM
hassl-3373	161	42	3	3	NUM
hassl-3373	161	43	5	5	NUM
hassl-3373	161	44	2	2	NUM
hassl-3373	161	45	10	10	NUM
hassl-3373	161	46	aucom	aucom	NOUN
hassl-3373	161	47	430	430	NUM
hassl-3373	161	48	2.981	2.981	NUM
hassl-3373	161	49	0.327	0.327	NUM
hassl-3373	161	50	3	3	NUM
hassl-3373	161	51	3	3	NUM
hassl-3373	161	52	3	3	NUM
hassl-3373	161	53	1	1	NUM
hassl-3373	161	54	4	4	NUM
hassl-3373	161	55	rmc	rmc	NOUN
hassl-3373	161	56	430	430	NUM
hassl-3373	161	57	0.198	0.198	NUM
hassl-3373	161	58	0.399	0.399	NUM
hassl-3373	161	59	0	0	NUM
hassl-3373	161	60	0	0	NUM
hassl-3373	161	61	0	0	NUM
hassl-3373	161	62	0	0	NUM
hassl-3373	161	63	1	1	NUM
hassl-3373	161	64	nfirmage	nfirmage	NOUN
hassl-3373	161	65	430	430	NUM
hassl-3373	161	66	3.273	3.273	NUM
hassl-3373	161	67	0.640	0.640	NUM
hassl-3373	161	68	2.89	2.89	NUM
hassl-3373	161	69	3.401	3.401	NUM
hassl-3373	161	70	3.738	3.738	NUM
hassl-3373	161	71	1.099	1.099	NUM
hassl-3373	161	72	4.771	4.771	NUM
hassl-3373	161	73	fsize	fsize	NOUN
hassl-3373	161	74	430	430	NUM
hassl-3373	161	75	28.436	28.436	NUM
hassl-3373	161	76	1.742	1.742	NUM
hassl-3373	161	77	27.298	27.298	NUM
hassl-3373	161	78	28.376	28.376	NUM
hassl-3373	161	79	29.58	29.58	NUM
hassl-3373	161	80	23.723	23.723	NUM
hassl-3373	161	81	32.261	32.261	NUM
hassl-3373	161	82	lev	lev	NOUN
hassl-3373	161	83	430	430	NUM
hassl-3373	161	84	0.51	0.51	NUM
hassl-3373	161	85	0.369	0.369	NUM
hassl-3373	161	86	0.296	0.296	NUM
hassl-3373	161	87	0.47	0.47	NUM
hassl-3373	161	88	0.635	0.635	NUM
hassl-3373	161	89	0.02	0.02	NUM
hassl-3373	161	90	2.629	2.629	NUM
hassl-3373	161	91	lncash	lncash	NOUN
hassl-3373	161	92	430	430	NUM
hassl-3373	161	93	25.469	25.469	NUM
hassl-3373	161	94	2.285	2.285	NUM
hassl-3373	161	95	23.888	23.888	NUM
hassl-3373	161	96	25.596	25.596	NUM
hassl-3373	161	97	26.953	26.953	NUM
hassl-3373	161	98	19.932	19.932	NUM
hassl-3373	161	99	30.482	30.482	NUM
hassl-3373	161	100	growth	growth	NOUN
hassl-3373	161	101	430	430	NUM
hassl-3373	161	102	320.958	320.958	NUM
hassl-3373	161	103	2462.505	2462.505	NUM
hassl-3373	161	104	-143.683	-143.683	NUM
hassl-3373	161	105	154.814	154.814	NUM
hassl-3373	161	106	1254.666	1254.666	NUM
hassl-3373	161	107	-9602.08	-9602.08	DET
hassl-3373	161	108	9310.479	9310.479	NUM
hassl-3373	161	109	ppe	ppe	NOUN
hassl-3373	161	110	430	430	NUM
hassl-3373	161	111	0.393	0.393	NUM
hassl-3373	161	112	0.254	0.254	NUM
hassl-3373	161	113	0.196	0.196	NUM
hassl-3373	161	114	0.378	0.378	NUM
hassl-3373	161	115	0.604	0.604	NUM
hassl-3373	161	116	0.001	0.001	NUM
hassl-3373	161	117	.918	.918	NUM
hassl-3373	161	118	ncfo	ncfo	ADJ
hassl-3373	161	119	430	430	NUM
hassl-3373	161	120	7.310e+11	7.310e+11	NUM
hassl-3373	161	121	2.085e+12	2.085e+12	NUM
hassl-3373	161	122	1.110e+09	1.110e+09	NUM
hassl-3373	161	123	7.683e+10	7.683e+10	NUM
hassl-3373	161	124	4.502e+11	4.502e+11	NUM
hassl-3373	161	125	9.725e+11	9.725e+11	NUM
hassl-3373	161	126	1.236e+13	1.236e+13	NUM
hassl-3373	161	127	rnd	rnd	NOUN
hassl-3373	161	128	430	430	NUM
hassl-3373	161	129	1.447e+09	1.447e+09	NUM
hassl-3373	161	130	7050629515.198	7050629515.198	NUM
hassl-3373	161	131	0	0	NUM
hassl-3373	161	132	0	0	NUM
hassl-3373	161	133	0	0	NUM
hassl-3373	161	134	0	0	NUM
hassl-3373	161	135	4.751e+10	4.751e+10	NOUN
hassl-3373	161	136	only	only	ADV
hassl-3373	161	137	19.8	19.8	NUM
hassl-3373	161	138	%	%	NOUN
hassl-3373	161	139	of	of	ADP
hassl-3373	161	140	the	the	DET
hassl-3373	161	141	sampled	sample	VERB
hassl-3373	161	142	firms	firm	NOUN
hassl-3373	161	143	also	also	ADV
hassl-3373	161	144	have	have	VERB
hassl-3373	161	145	a	a	DET
hassl-3373	161	146	risk	risk	NOUN
hassl-3373	161	147	management	management	NOUN
hassl-3373	161	148	committee	committee	NOUN
hassl-3373	161	149	.	.	PUNCT
hassl-3373	162	1	all	all	DET
hassl-3373	162	2	firms	firm	NOUN
hassl-3373	162	3	in	in	ADP
hassl-3373	162	4	the	the	DET
hassl-3373	162	5	sample	sample	NOUN
hassl-3373	162	6	,	,	PUNCT
hassl-3373	162	7	on	on	ADP
hassl-3373	162	8	average	average	ADJ
hassl-3373	162	9	,	,	PUNCT
hassl-3373	162	10	have	have	AUX
hassl-3373	162	11	been	be	AUX
hassl-3373	162	12	established	establish	VERB
hassl-3373	162	13	for	for	ADP
hassl-3373	162	14	more	more	ADJ
hassl-3373	162	15	than	than	ADP
hassl-3373	162	16	three	three	NUM
hassl-3373	162	17	years	year	NOUN
hassl-3373	162	18	,	,	PUNCT
hassl-3373	162	19	the	the	DET
hassl-3373	162	20	average	average	ADJ
hassl-3373	162	21	firm	firm	ADJ
hassl-3373	162	22	size	size	NOUN
hassl-3373	162	23	is	be	AUX
hassl-3373	162	24	between	between	ADP
hassl-3373	162	25	1.099	1.099	NUM
hassl-3373	162	26	and	and	CCONJ
hassl-3373	162	27	4.771	4.771	NUM
hassl-3373	162	28	,	,	PUNCT
hassl-3373	162	29	and	and	CCONJ
hassl-3373	162	30	the	the	DET
hassl-3373	162	31	firms	firm	NOUN
hassl-3373	162	32	have	have	VERB
hassl-3373	162	33	an	an	DET
hassl-3373	162	34	average	average	ADJ
hassl-3373	162	35	leverage	leverage	NOUN
hassl-3373	162	36	of	of	ADP
hassl-3373	162	37	0.51	0.51	NUM
hassl-3373	162	38	,	,	PUNCT
hassl-3373	162	39	and	and	CCONJ
hassl-3373	162	40	cash	cash	NOUN
hassl-3373	162	41	of	of	ADP
hassl-3373	162	42	25.469	25.469	NUM
hassl-3373	162	43	.	.	PUNCT
hassl-3373	163	1	the	the	DET
hassl-3373	163	2	sample	sample	NOUN
hassl-3373	163	3	includes	include	VERB
hassl-3373	163	4	430	430	NUM
hassl-3373	163	5	firm	firm	ADJ
hassl-3373	163	6	-	-	PUNCT
hassl-3373	163	7	year	year	NOUN
hassl-3373	163	8	observations	observation	NOUN
hassl-3373	163	9	from	from	ADP
hassl-3373	163	10	firms	firm	NOUN
hassl-3373	163	11	listed	list	VERB
hassl-3373	163	12	on	on	ADP
hassl-3373	163	13	the	the	DET
hassl-3373	163	14	indonesia	indonesia	PROPN
hassl-3373	163	15	stock	stock	PROPN
hassl-3373	163	16	exchange	exchange	NOUN
hassl-3373	163	17	in	in	ADP
hassl-3373	163	18	2019	2019	NUM
hassl-3373	163	19	.	.	PUNCT
hassl-3373	164	1	this	this	DET
hassl-3373	164	2	analysis	analysis	NOUN
hassl-3373	164	3	uses	use	VERB
hassl-3373	164	4	data	datum	NOUN
hassl-3373	164	5	after	after	ADP
hassl-3373	164	6	winsorizing	winsorize	VERB
hassl-3373	164	7	at	at	ADP
hassl-3373	164	8	1	1	NUM
hassl-3373	164	9	%	%	NOUN
hassl-3373	164	10	and	and	CCONJ
hassl-3373	164	11	99	99	NUM
hassl-3373	164	12	%	%	NOUN
hassl-3373	164	13	.	.	PUNCT
hassl-3373	165	1	4.2	4.2	NUM
hassl-3373	165	2	.	.	PUNCT
hassl-3373	166	1	univariate	univariate	ADJ
hassl-3373	166	2	analysis	analysis	NOUN
hassl-3373	166	3	we	we	PRON
hassl-3373	166	4	have	have	AUX
hassl-3373	166	5	performed	perform	VERB
hassl-3373	166	6	two	two	NUM
hassl-3373	166	7	univariate	univariate	ADJ
hassl-3373	166	8	analyses	analysis	NOUN
hassl-3373	166	9	,	,	PUNCT
hassl-3373	166	10	namely	namely	ADV
hassl-3373	166	11	the	the	DET
hassl-3373	166	12	two	two	NUM
hassl-3373	166	13	-	-	PUNCT
hassl-3373	166	14	sample	sample	NOUN
hassl-3373	166	15	independent	independent	ADJ
hassl-3373	166	16	t	t	PROPN
hassl-3373	166	17	-	-	PUNCT
hassl-3373	166	18	test	test	NOUN
hassl-3373	166	19	presented	present	VERB
hassl-3373	166	20	in	in	ADP
hassl-3373	166	21	table	table	NOUN
hassl-3373	166	22	4	4	NUM
hassl-3373	166	23	,	,	PUNCT
hassl-3373	166	24	and	and	CCONJ
hassl-3373	166	25	the	the	DET
hassl-3373	166	26	pearson	pearson	PROPN
hassl-3373	166	27	correlation	correlation	NOUN
hassl-3373	166	28	test	test	NOUN
hassl-3373	166	29	in	in	ADP
hassl-3373	166	30	table	table	NOUN
hassl-3373	166	31	5	5	NUM
hassl-3373	166	32	.	.	PUNCT
hassl-3373	167	1	the	the	DET
hassl-3373	167	2	two	two	NUM
hassl-3373	167	3	-	-	PUNCT
hassl-3373	167	4	sample	sample	NOUN
hassl-3373	167	5	independent	independent	ADJ
hassl-3373	167	6	t	t	PROPN
hassl-3373	167	7	-	-	PUNCT
hassl-3373	167	8	test	test	NOUN
hassl-3373	167	9	test	test	NOUN
hassl-3373	167	10	showed	show	VERB
hassl-3373	167	11	differences	difference	NOUN
hassl-3373	167	12	in	in	ADP
hassl-3373	167	13	the	the	DET
hassl-3373	167	14	characteristics	characteristic	NOUN
hassl-3373	167	15	of	of	ADP
hassl-3373	167	16	the	the	DET
hassl-3373	167	17	mean	mean	NOUN
hassl-3373	167	18	of	of	ADP
hassl-3373	167	19	mtb	mtb	NOUN
hassl-3373	167	20	,	,	PUNCT
hassl-3373	167	21	dirsize	dirsize	PROPN
hassl-3373	167	22	,	,	PUNCT
hassl-3373	167	23	comsize	comsize	VERB
hassl-3373	167	24	,	,	PUNCT
hassl-3373	167	25	aucom	aucom	PROPN
hassl-3373	167	26	,	,	PUNCT
hassl-3373	167	27	rmc	rmc	PROPN
hassl-3373	167	28	,	,	PUNCT
hassl-3373	167	29	lnfirmage	lnfirmage	NOUN
hassl-3373	167	30	,	,	PUNCT
hassl-3373	167	31	fsize	fsize	NOUN
hassl-3373	167	32	,	,	PUNCT
hassl-3373	167	33	lncash	lncash	NOUN
hassl-3373	167	34	,	,	PUNCT
hassl-3373	167	35	growth	growth	NOUN
hassl-3373	167	36	,	,	PUNCT
hassl-3373	167	37	ppe	ppe	PROPN
hassl-3373	167	38	,	,	PUNCT
hassl-3373	167	39	ncfo	ncfo	ADJ
hassl-3373	167	40	,	,	PUNCT
hassl-3373	167	41	and	and	CCONJ
hassl-3373	167	42	rnd	rnd	PROPN
hassl-3373	167	43	between	between	ADP
hassl-3373	167	44	firms	firm	NOUN
hassl-3373	167	45	that	that	PRON
hassl-3373	167	46	disclose	disclose	VERB
hassl-3373	167	47	and	and	CCONJ
hassl-3373	167	48	not	not	PART
hassl-3373	167	49	disclose	disclose	VERB
hassl-3373	167	50	covid-19	covid-19	PROPN
hassl-3373	167	51	exposure	exposure	NOUN
hassl-3373	167	52	(	(	PUNCT
hassl-3373	167	53	panel	panel	NOUN
hassl-3373	167	54	a	a	NOUN
hassl-3373	167	55	)	)	PUNCT
hassl-3373	167	56	and	and	CCONJ
hassl-3373	167	57	humanities	humanity	NOUN
hassl-3373	167	58	and	and	CCONJ
hassl-3373	167	59	social	social	ADJ
hassl-3373	167	60	sciences	science	NOUN
hassl-3373	167	61	letters	letter	NOUN
hassl-3373	167	62	,	,	PUNCT
hassl-3373	167	63	2023	2023	NUM
hassl-3373	167	64	,	,	PUNCT
hassl-3373	167	65	11(2	11(2	NUM
hassl-3373	167	66	):	):	PUNCT
hassl-3373	167	67	213	213	NUM
hassl-3373	167	68	-	-	SYM
hassl-3373	167	69	227	227	NUM
hassl-3373	167	70	219	219	NUM
hassl-3373	167	71	©	©	PROPN
hassl-3373	167	72	2023	2023	NUM
hassl-3373	167	73	conscientia	conscientia	PROPN
hassl-3373	167	74	beam	beam	PROPN
hassl-3373	167	75	.	.	PUNCT
hassl-3373	168	1	all	all	DET
hassl-3373	168	2	rights	right	NOUN
hassl-3373	168	3	reserved	reserve	VERB
hassl-3373	168	4	.	.	PUNCT
hassl-3373	169	1	firms	firm	NOUN
hassl-3373	169	2	that	that	PRON
hassl-3373	169	3	disclose	disclose	VERB
hassl-3373	169	4	and	and	CCONJ
hassl-3373	169	5	not	not	PART
hassl-3373	169	6	disclose	disclose	VERB
hassl-3373	169	7	exposures	exposure	NOUN
hassl-3373	169	8	or	or	CCONJ
hassl-3373	169	9	relationships	relationship	NOUN
hassl-3373	169	10	with	with	ADP
hassl-3373	169	11	china	china	PROPN
hassl-3373	169	12	(	(	PUNCT
hassl-3373	169	13	panel	panel	NOUN
hassl-3373	169	14	b	b	NOUN
hassl-3373	169	15	)	)	PUNCT
hassl-3373	169	16	.	.	PUNCT
hassl-3373	170	1	panel	panel	NOUN
hassl-3373	170	2	a	a	DET
hassl-3373	170	3	shows	show	NOUN
hassl-3373	170	4	that	that	SCONJ
hassl-3373	170	5	firms	firm	NOUN
hassl-3373	170	6	that	that	PRON
hassl-3373	170	7	disclose	disclose	VERB
hassl-3373	170	8	and	and	CCONJ
hassl-3373	170	9	do	do	AUX
hassl-3373	170	10	not	not	PART
hassl-3373	170	11	disclose	disclose	VERB
hassl-3373	170	12	covid-19	covid-19	PROPN
hassl-3373	170	13	exposures	exposure	NOUN
hassl-3373	170	14	have	have	VERB
hassl-3373	170	15	differences	difference	NOUN
hassl-3373	170	16	even	even	ADV
hassl-3373	170	17	though	though	SCONJ
hassl-3373	170	18	they	they	PRON
hassl-3373	170	19	are	be	AUX
hassl-3373	170	20	not	not	PART
hassl-3373	170	21	statistically	statistically	ADV
hassl-3373	170	22	significant	significant	ADJ
hassl-3373	170	23	.	.	PUNCT
hassl-3373	171	1	panel	panel	NOUN
hassl-3373	171	2	b	b	NOUN
hassl-3373	171	3	documents	document	NOUN
hassl-3373	171	4	that	that	PRON
hassl-3373	171	5	firms	firm	NOUN
hassl-3373	171	6	that	that	PRON
hassl-3373	171	7	disclose	disclose	VERB
hassl-3373	171	8	china	china	PROPN
hassl-3373	171	9	's	's	PART
hassl-3373	171	10	exposure	exposure	NOUN
hassl-3373	171	11	statistically	statistically	ADV
hassl-3373	171	12	significant	significant	ADJ
hassl-3373	171	13	have	have	VERB
hassl-3373	171	14	a	a	DET
hassl-3373	171	15	higher	high	ADJ
hassl-3373	171	16	number	number	NOUN
hassl-3373	171	17	of	of	ADP
hassl-3373	171	18	members	member	NOUN
hassl-3373	171	19	of	of	ADP
hassl-3373	171	20	the	the	DET
hassl-3373	171	21	board	board	NOUN
hassl-3373	171	22	of	of	ADP
hassl-3373	171	23	directors	director	NOUN
hassl-3373	171	24	and	and	CCONJ
hassl-3373	171	25	commissioners	commissioner	NOUN
hassl-3373	171	26	,	,	PUNCT
hassl-3373	171	27	have	have	AUX
hassl-3373	171	28	been	be	AUX
hassl-3373	171	29	established	establish	VERB
hassl-3373	171	30	longer	long	ADV
hassl-3373	171	31	,	,	PUNCT
hassl-3373	171	32	have	have	VERB
hassl-3373	171	33	larger	large	ADJ
hassl-3373	171	34	firm	firm	ADJ
hassl-3373	171	35	size	size	NOUN
hassl-3373	171	36	,	,	PUNCT
hassl-3373	171	37	have	have	VERB
hassl-3373	171	38	more	more	ADJ
hassl-3373	171	39	cash	cash	NOUN
hassl-3373	171	40	and	and	CCONJ
hassl-3373	171	41	cash	cash	NOUN
hassl-3373	171	42	equivalents	equivalent	NOUN
hassl-3373	171	43	,	,	PUNCT
hassl-3373	171	44	and	and	CCONJ
hassl-3373	171	45	net	net	ADJ
hassl-3373	171	46	cash	cash	NOUN
hassl-3373	171	47	flow	flow	NOUN
hassl-3373	171	48	from	from	ADP
hassl-3373	171	49	operating	operate	VERB
hassl-3373	171	50	activities	activity	NOUN
hassl-3373	171	51	.	.	PUNCT
hassl-3373	172	1	table	table	NOUN
hassl-3373	172	2	4	4	NUM
hassl-3373	172	3	.	.	X
hassl-3373	173	1	two	two	NUM
hassl-3373	173	2	samples	sample	NOUN
hassl-3373	173	3	independent	independent	ADJ
hassl-3373	173	4	t	t	NOUN
hassl-3373	173	5	-	-	PUNCT
hassl-3373	173	6	test	test	NOUN
hassl-3373	173	7	.	.	PUNCT
hassl-3373	174	1	panel	panel	NOUN
hassl-3373	174	2	a	a	X
hassl-3373	174	3	:	:	PUNCT
hassl-3373	174	4	for	for	ADP
hassl-3373	174	5	covdum	covdum	NOUN
hassl-3373	174	6	variable	variable	ADJ
hassl-3373	174	7	covdum	covdum	NOUN
hassl-3373	174	8	mean	mean	NOUN
hassl-3373	175	1	=	=	SYM
hassl-3373	175	2	1	1	NUM
hassl-3373	175	3	mean	mean	NOUN
hassl-3373	175	4	=	=	SYM
hassl-3373	175	5	0	0	PROPN
hassl-3373	175	6	coeff	coeff	PROPN
hassl-3373	175	7	.	.	PUNCT
hassl-3373	176	1	t	t	PROPN
hassl-3373	176	2	-	-	PUNCT
hassl-3373	176	3	value	value	NOUN
hassl-3373	176	4	mtb	mtb	NOUN
hassl-3373	176	5	2.473	2.473	NUM
hassl-3373	176	6	1.597	1.597	NUM
hassl-3373	176	7	0.876	0.876	NUM
hassl-3373	176	8	1.504	1.504	NUM
hassl-3373	176	9	dirsize	dirsize	NOUN
hassl-3373	176	10	4.421	4.421	NUM
hassl-3373	176	11	4.506	4.506	NUM
hassl-3373	176	12	-0.085	-0.085	NOUN
hassl-3373	176	13	-0.386	-0.386	X
hassl-3373	176	14	comsize	comsize	VERB
hassl-3373	176	15	3.911	3.911	NUM
hassl-3373	176	16	3.976	3.976	NUM
hassl-3373	176	17	-0.065	-0.065	PUNCT
hassl-3373	176	18	-0.314	-0.314	VERB
hassl-3373	176	19	aucom	aucom	ADJ
hassl-3373	176	20	2.983	2.983	NUM
hassl-3373	176	21	2.976	2.976	NUM
hassl-3373	176	22	0.007	0.007	NUM
hassl-3373	176	23	0.170	0.170	NUM
hassl-3373	176	24	rmc	rmc	PROPN
hassl-3373	176	25	0.205	0.205	NUM
hassl-3373	176	26	0.169	0.169	NUM
hassl-3373	176	27	0.036	0.036	NUM
hassl-3373	176	28	0.737	0.737	NUM
hassl-3373	176	29	lnfirmage	lnfirmage	NOUN
hassl-3373	176	30	3.279	3.279	NUM
hassl-3373	176	31	3.244	3.244	NUM
hassl-3373	176	32	0.035	0.035	NUM
hassl-3373	176	33	0.446	0.446	NUM
hassl-3373	176	34	fsize	fsize	NOUN
hassl-3373	176	35	28.500	28.500	NUM
hassl-3373	176	36	28.167	28.167	NUM
hassl-3373	176	37	0.333	0.333	NUM
hassl-3373	176	38	1.569	1.569	NUM
hassl-3373	176	39	lev	lev	NOUN
hassl-3373	176	40	0.511	0.511	NUM
hassl-3373	176	41	0.509	0.509	NUM
hassl-3373	176	42	0.001	0.001	NUM
hassl-3373	176	43	0.026	0.026	NUM
hassl-3373	176	44	lncash	lncash	NOUN
hassl-3373	176	45	25.538	25.538	NUM
hassl-3373	176	46	25.179	25.179	NUM
hassl-3373	176	47	0.358	0.358	NUM
hassl-3373	176	48	1.285	1.285	NUM
hassl-3373	176	49	growth	growth	NOUN
hassl-3373	176	50	355.016	355.016	NUM
hassl-3373	176	51	178.571	178.571	NUM
hassl-3373	176	52	176.444	176.444	NUM
hassl-3373	176	53	0.586	0.586	NUM
hassl-3373	176	54	ppe	ppe	NOUN
hassl-3373	176	55	0.390	0.390	NUM
hassl-3373	176	56	0.405	0.405	NUM
hassl-3373	176	57	-0.015	-0.015	ADP
hassl-3373	176	58	-0.482	-0.482	PUNCT
hassl-3373	176	59	ncfo	ncfo	ADJ
hassl-3373	176	60	6.945e+11	6.945e+11	PROPN
hassl-3373	176	61	8.837e+11	8.837e+11	NUM
hassl-3373	176	62	-1.892e+11	-1.892e+11	X
hassl-3373	176	63	-0.742	-0.742	PUNCT
hassl-3373	176	64	rnd	rnd	PROPN
hassl-3373	176	65	1.326e+09	1.326e+09	ADJ
hassl-3373	176	66	1.951e+09	1.951e+09	NUM
hassl-3373	176	67	-6.244e+08	-6.244e+08	PROPN
hassl-3373	176	68	-0.724	-0.724	PUNCT
hassl-3373	176	69	panel	panel	NOUN
hassl-3373	176	70	b	b	NOUN
hassl-3373	176	71	:	:	PUNCT
hassl-3373	176	72	for	for	ADP
hassl-3373	176	73	dumchina	dumchina	PROPN
hassl-3373	176	74	variables	variable	NOUN
hassl-3373	176	75	dumchina	dumchina	PROPN
hassl-3373	176	76	coeff	coeff	PROPN
hassl-3373	176	77	.	.	PROPN
hassl-3373	177	1	t	t	PROPN
hassl-3373	177	2	-	-	PUNCT
hassl-3373	177	3	value	value	NOUN
hassl-3373	177	4	mean	mean	NOUN
hassl-3373	177	5	=	=	SYM
hassl-3373	178	1	1	1	NUM
hassl-3373	178	2	mean	mean	NOUN
hassl-3373	178	3	=	=	SYM
hassl-3373	178	4	0	0	NUM
hassl-3373	178	5	mtb	mtb	NOUN
hassl-3373	178	6	2.330	2.330	NUM
hassl-3373	178	7	2.153	2.153	NUM
hassl-3373	178	8	0.177	0.177	NUM
hassl-3373	178	9	0.275	0.275	NUM
hassl-3373	178	10	dirsize	dirsize	NOUN
hassl-3373	178	11	4.556	4.556	NUM
hassl-3373	178	12	3.769	3.769	NUM
hassl-3373	178	13	0.787	0.787	NUM
hassl-3373	178	14	*	*	PUNCT
hassl-3373	178	15	*	*	PUNCT
hassl-3373	178	16	*	*	PUNCT
hassl-3373	178	17	3.272	3.272	NUM
hassl-3373	178	18	comsize	comsize	VERB
hassl-3373	178	19	3.989	3.989	NUM
hassl-3373	178	20	3.554	3.554	NUM
hassl-3373	178	21	0.435	0.435	NUM
hassl-3373	178	22	*	*	SYM
hassl-3373	178	23	1.912	1.912	NUM
hassl-3373	178	24	aucom	aucom	PROPN
hassl-3373	178	25	2.981	2.981	NUM
hassl-3373	178	26	2.985	2.985	NUM
hassl-3373	178	27	-0.004	-0.004	SYM
hassl-3373	178	28	-0.086	-0.086	NUM
hassl-3373	178	29	rmc	rmc	PROPN
hassl-3373	178	30	0.200	0.200	NUM
hassl-3373	178	31	0.185	0.185	NUM
hassl-3373	178	32	0.015	0.015	NUM
hassl-3373	178	33	0.286	0.286	NUM
hassl-3373	178	34	lnfirmage	lnfirmage	NOUN
hassl-3373	178	35	3.300	3.300	NUM
hassl-3373	178	36	3.118	3.118	NUM
hassl-3373	178	37	0.182	0.182	NUM
hassl-3373	178	38	*	*	PUNCT
hassl-3373	178	39	*	*	PUNCT
hassl-3373	178	40	2.120	2.120	NUM
hassl-3373	178	41	fsize	fsize	NOUN
hassl-3373	178	42	28.628	28.628	NUM
hassl-3373	178	43	27.357	27.357	NUM
hassl-3373	178	44	1.271	1.271	NUM
hassl-3373	178	45	*	*	PUNCT
hassl-3373	178	46	*	*	PUNCT
hassl-3373	178	47	*	*	PUNCT
hassl-3373	178	48	5.612	5.612	NUM
hassl-3373	178	49	lev	lev	NOUN
hassl-3373	178	50	0.516	0.516	NUM
hassl-3373	178	51	0.479	0.479	NUM
hassl-3373	178	52	0.037	0.037	NUM
hassl-3373	178	53	0.742	0.742	NUM
hassl-3373	178	54	lncash	lncash	NOUN
hassl-3373	178	55	25.701	25.701	NUM
hassl-3373	178	56	24.166	24.166	NUM
hassl-3373	178	57	1.535	1.535	NUM
hassl-3373	178	58	*	*	PUNCT
hassl-3373	178	59	*	*	PUNCT
hassl-3373	178	60	*	*	PUNCT
hassl-3373	178	61	5.135	5.135	NUM
hassl-3373	178	62	growth	growth	NOUN
hassl-3373	178	63	307.928	307.928	NUM
hassl-3373	178	64	394.125	394.125	NUM
hassl-3373	178	65	-86.197	-86.197	SYM
hassl-3373	178	66	-0.260	-0.260	X
hassl-3373	178	67	ppe	ppe	NOUN
hassl-3373	178	68	0.394	0.394	NUM
hassl-3373	178	69	0.388	0.388	NUM
hassl-3373	178	70	0.006	0.006	NUM
hassl-3373	178	71	0.182	0.182	NUM
hassl-3373	178	72	ncfo	ncfo	NOUN
hassl-3373	178	73	8.095e+11	8.095e+11	NUM
hassl-3373	178	74	2.903e+11	2.903e+11	NOUN
hassl-3373	178	75	5.192e+11	5.192e+11	NUM
hassl-3373	178	76	*	*	SYM
hassl-3373	178	77	1.855	1.855	NUM
hassl-3373	178	78	rnd	rnd	NOUN
hassl-3373	178	79	1.414e+09	1.414e+09	NUM
hassl-3373	178	80	1.628e+09	1.628e+09	NUM
hassl-3373	178	81	-2.137e+08	-2.137e+08	NOUN
hassl-3373	178	82	-0.225	-0.225	PUNCT
hassl-3373	178	83	note	note	NOUN
hassl-3373	178	84	:	:	PUNCT
hassl-3373	178	85	table	table	NOUN
hassl-3373	178	86	4	4	NUM
hassl-3373	178	87	reports	report	VERB
hassl-3373	178	88	two	two	NUM
hassl-3373	178	89	independent	independent	ADJ
hassl-3373	178	90	sample	sample	NOUN
hassl-3373	178	91	t	t	NOUN
hassl-3373	178	92	-	-	PUNCT
hassl-3373	178	93	tests	test	NOUN
hassl-3373	178	94	on	on	ADP
hassl-3373	178	95	the	the	DET
hassl-3373	178	96	characteristics	characteristic	NOUN
hassl-3373	178	97	of	of	ADP
hassl-3373	178	98	firms	firm	NOUN
hassl-3373	178	99	that	that	PRON
hassl-3373	178	100	disclosed	disclose	VERB
hassl-3373	178	101	and	and	CCONJ
hassl-3373	178	102	did	do	AUX
hassl-3373	178	103	not	not	PART
hassl-3373	178	104	disclose	disclose	VERB
hassl-3373	178	105	covid-19	covid-19	PROPN
hassl-3373	178	106	exposure	exposure	NOUN
hassl-3373	178	107	(	(	PUNCT
hassl-3373	178	108	panel	panel	NOUN
hassl-3373	178	109	a	a	NOUN
hassl-3373	178	110	)	)	PUNCT
hassl-3373	178	111	.	.	PUNCT
hassl-3373	179	1	in	in	ADP
hassl-3373	179	2	addition	addition	NOUN
hassl-3373	179	3	,	,	PUNCT
hassl-3373	179	4	this	this	DET
hassl-3373	179	5	table	table	NOUN
hassl-3373	179	6	also	also	ADV
hassl-3373	179	7	reports	report	VERB
hassl-3373	179	8	the	the	DET
hassl-3373	179	9	characteristics	characteristic	NOUN
hassl-3373	179	10	of	of	ADP
hassl-3373	179	11	firms	firm	NOUN
hassl-3373	179	12	that	that	PRON
hassl-3373	179	13	disclosed	disclose	VERB
hassl-3373	179	14	and	and	CCONJ
hassl-3373	179	15	did	do	AUX
hassl-3373	179	16	not	not	PART
hassl-3373	179	17	disclose	disclose	VERB
hassl-3373	179	18	china	china	PROPN
hassl-3373	179	19	exposure	exposure	NOUN
hassl-3373	179	20	in	in	ADP
hassl-3373	179	21	their	their	PRON
hassl-3373	179	22	annual	annual	ADJ
hassl-3373	179	23	reports	report	NOUN
hassl-3373	179	24	(	(	PUNCT
hassl-3373	179	25	panel	panel	NOUN
hassl-3373	179	26	b	b	NOUN
hassl-3373	179	27	)	)	PUNCT
hassl-3373	179	28	.	.	PUNCT
hassl-3373	180	1	covdum	covdum	NOUN
hassl-3373	180	2	and	and	CCONJ
hassl-3373	180	3	dumchina	dumchina	PROPN
hassl-3373	180	4	are	be	AUX
hassl-3373	180	5	used	use	VERB
hassl-3373	180	6	as	as	ADP
hassl-3373	180	7	treatment	treatment	NOUN
hassl-3373	180	8	variables	variable	NOUN
hassl-3373	180	9	to	to	PART
hassl-3373	180	10	divide	divide	VERB
hassl-3373	180	11	the	the	DET
hassl-3373	180	12	sample	sample	NOUN
hassl-3373	180	13	into	into	ADP
hassl-3373	180	14	two	two	NUM
hassl-3373	180	15	sub	sub	NOUN
hassl-3373	180	16	-	-	NOUN
hassl-3373	180	17	samples	sample	NOUN
hassl-3373	180	18	.	.	PUNCT
hassl-3373	181	1	this	this	DET
hassl-3373	181	2	analysis	analysis	NOUN
hassl-3373	181	3	used	use	VERB
hassl-3373	181	4	winsorized	winsorize	VERB
hassl-3373	181	5	data	datum	NOUN
hassl-3373	181	6	at	at	ADP
hassl-3373	181	7	1	1	NUM
hassl-3373	181	8	%	%	NOUN
hassl-3373	181	9	and	and	CCONJ
hassl-3373	181	10	99	99	NUM
hassl-3373	181	11	%	%	NOUN
hassl-3373	181	12	levels	level	NOUN
hassl-3373	181	13	.	.	PUNCT
hassl-3373	182	1	tests	test	NOUN
hassl-3373	182	2	show	show	VERB
hassl-3373	182	3	:	:	PUNCT
hassl-3373	182	4	*	*	PUNCT
hassl-3373	183	1	p	p	X
hassl-3373	183	2	<	<	X
hassl-3373	183	3	0.1	0.1	NUM
hassl-3373	183	4	(	(	PUNCT
hassl-3373	183	5	or	or	CCONJ
hassl-3373	183	6	*	*	PUNCT
hassl-3373	183	7	t	t	X
hassl-3373	183	8	>	>	X
hassl-3373	183	9	1.645	1.645	NUM
hassl-3373	183	10	)	)	PUNCT
hassl-3373	183	11	,	,	PUNCT
hassl-3373	183	12	*	*	PUNCT
hassl-3373	183	13	*	*	PUNCT
hassl-3373	184	1	p	p	X
hassl-3373	184	2	>	>	X
hassl-3373	184	3	0.05	0.05	NUM
hassl-3373	184	4	(	(	PUNCT
hassl-3373	184	5	or	or	CCONJ
hassl-3373	184	6	*	*	PUNCT
hassl-3373	184	7	*	*	PROPN
hassl-3373	184	8	t	t	X
hassl-3373	184	9	>	>	X
hassl-3373	184	10	1.960	1.960	NUM
hassl-3373	184	11	)	)	PUNCT
hassl-3373	184	12	,	,	PUNCT
hassl-3373	184	13	*	*	PUNCT
hassl-3373	184	14	*	*	PUNCT
hassl-3373	184	15	*	*	PUNCT
hassl-3373	185	1	p	p	X
hassl-3373	185	2	>	>	X
hassl-3373	185	3	0.01	0.01	NUM
hassl-3373	185	4	(	(	PUNCT
hassl-3373	185	5	or	or	CCONJ
hassl-3373	185	6	*	*	PUNCT
hassl-3373	185	7	*	*	PUNCT
hassl-3373	185	8	*	*	PUNCT
hassl-3373	185	9	t	t	X
hassl-3373	185	10	>	>	X
hassl-3373	185	11	2.326	2.326	NUM
hassl-3373	185	12	)	)	PUNCT
hassl-3373	185	13	,	,	PUNCT
hassl-3373	185	14	significance	significance	NOUN
hassl-3373	185	15	at	at	ADP
hassl-3373	185	16	10	10	NUM
hassl-3373	185	17	%	%	NOUN
hassl-3373	185	18	,	,	PUNCT
hassl-3373	185	19	5	5	NUM
hassl-3373	185	20	%	%	NOUN
hassl-3373	185	21	and	and	CCONJ
hassl-3373	185	22	1	1	NUM
hassl-3373	185	23	%	%	NOUN
hassl-3373	185	24	,	,	PUNCT
hassl-3373	185	25	respectively	respectively	ADV
hassl-3373	185	26	.	.	PUNCT
hassl-3373	186	1	the	the	DET
hassl-3373	186	2	results	result	NOUN
hassl-3373	186	3	of	of	ADP
hassl-3373	186	4	the	the	DET
hassl-3373	186	5	pearson	pearson	PROPN
hassl-3373	186	6	correlation	correlation	NOUN
hassl-3373	186	7	test	test	NOUN
hassl-3373	186	8	in	in	ADP
hassl-3373	186	9	table	table	NOUN
hassl-3373	186	10	5	5	NUM
hassl-3373	186	11	show	show	VERB
hassl-3373	186	12	the	the	DET
hassl-3373	186	13	relationship	relationship	NOUN
hassl-3373	186	14	between	between	ADP
hassl-3373	186	15	variables	variable	NOUN
hassl-3373	186	16	.	.	PUNCT
hassl-3373	187	1	the	the	DET
hassl-3373	187	2	results	result	NOUN
hassl-3373	187	3	report	report	VERB
hassl-3373	187	4	that	that	SCONJ
hassl-3373	187	5	the	the	DET
hassl-3373	187	6	covdum	covdum	NOUN
hassl-3373	187	7	and	and	CCONJ
hassl-3373	187	8	dumchina	dumchina	PROPN
hassl-3373	187	9	variables	variable	NOUN
hassl-3373	187	10	are	be	AUX
hassl-3373	187	11	positively	positively	ADV
hassl-3373	187	12	related	relate	VERB
hassl-3373	187	13	to	to	ADP
hassl-3373	187	14	firm	firm	ADJ
hassl-3373	187	15	value	value	NOUN
hassl-3373	187	16	but	but	CCONJ
hassl-3373	187	17	are	be	AUX
hassl-3373	187	18	not	not	PART
hassl-3373	187	19	statistically	statistically	ADV
hassl-3373	187	20	significant	significant	ADJ
hassl-3373	187	21	,	,	PUNCT
hassl-3373	187	22	while	while	SCONJ
hassl-3373	187	23	the	the	DET
hassl-3373	187	24	growth	growth	NOUN
hassl-3373	187	25	,	,	PUNCT
hassl-3373	187	26	ppe	ppe	PROPN
hassl-3373	187	27	,	,	PUNCT
hassl-3373	187	28	and	and	CCONJ
hassl-3373	187	29	rnd	rnd	PROPN
hassl-3373	187	30	variables	variable	NOUN
hassl-3373	187	31	proved	prove	VERB
hassl-3373	187	32	to	to	PART
hassl-3373	187	33	be	be	AUX
hassl-3373	187	34	significantly	significantly	ADV
hassl-3373	187	35	positively	positively	ADV
hassl-3373	187	36	related	relate	VERB
hassl-3373	187	37	to	to	ADP
hassl-3373	187	38	firm	firm	ADJ
hassl-3373	187	39	value	value	NOUN
hassl-3373	187	40	with	with	ADP
hassl-3373	187	41	respective	respective	ADJ
hassl-3373	187	42	coefficient	coefficient	NOUN
hassl-3373	187	43	values	value	NOUN
hassl-3373	187	44	of	of	ADP
hassl-3373	187	45	0.112	0.112	NUM
hassl-3373	187	46	(	(	PUNCT
hassl-3373	187	47	t	t	NOUN
hassl-3373	187	48	=	=	NUM
hassl-3373	187	49	0.020	0.020	NUM
hassl-3373	187	50	)	)	PUNCT
hassl-3373	187	51	,	,	PUNCT
hassl-3373	187	52	0.091	0.091	NUM
hassl-3373	187	53	(	(	PUNCT
hassl-3373	187	54	t	t	NOUN
hassl-3373	187	55	=	=	PUNCT
hassl-3373	187	56	0.060	0.060	NUM
hassl-3373	187	57	)	)	PUNCT
hassl-3373	187	58	,	,	PUNCT
hassl-3373	187	59	and	and	CCONJ
hassl-3373	187	60	0.112	0.112	NUM
hassl-3373	187	61	(	(	PUNCT
hassl-3373	187	62	t	t	PROPN
hassl-3373	187	63	=	=	NUM
hassl-3373	187	64	0.021	0.021	NUM
hassl-3373	187	65	)	)	PUNCT
hassl-3373	187	66	.	.	PUNCT
hassl-3373	188	1	it	it	PRON
hassl-3373	188	2	can	can	AUX
hassl-3373	188	3	be	be	AUX
hassl-3373	188	4	concluded	conclude	VERB
hassl-3373	188	5	that	that	SCONJ
hassl-3373	188	6	when	when	SCONJ
hassl-3373	188	7	a	a	DET
hassl-3373	188	8	company	company	NOUN
hassl-3373	188	9	has	have	VERB
hassl-3373	188	10	high	high	ADJ
hassl-3373	188	11	sales	sale	NOUN
hassl-3373	188	12	growth	growth	NOUN
hassl-3373	188	13	,	,	PUNCT
hassl-3373	188	14	a	a	DET
hassl-3373	188	15	high	high	ADJ
hassl-3373	188	16	plant	plant	NOUN
hassl-3373	188	17	property	property	NOUN
hassl-3373	188	18	and	and	CCONJ
hassl-3373	188	19	equipment	equipment	NOUN
hassl-3373	188	20	ratio	ratio	NOUN
hassl-3373	188	21	,	,	PUNCT
hassl-3373	188	22	and	and	CCONJ
hassl-3373	188	23	a	a	DET
hassl-3373	188	24	high	high	ADJ
hassl-3373	188	25	research	research	NOUN
hassl-3373	188	26	and	and	CCONJ
hassl-3373	188	27	development	development	NOUN
hassl-3373	188	28	value	value	NOUN
hassl-3373	188	29	,	,	PUNCT
hassl-3373	188	30	its	its	PRON
hassl-3373	188	31	firm	firm	ADJ
hassl-3373	188	32	value	value	NOUN
hassl-3373	188	33	will	will	AUX
hassl-3373	188	34	increase	increase	VERB
hassl-3373	188	35	.	.	PUNCT
hassl-3373	189	1	on	on	ADP
hassl-3373	189	2	the	the	DET
hassl-3373	189	3	other	other	ADJ
hassl-3373	189	4	hand	hand	NOUN
hassl-3373	189	5	,	,	PUNCT
hassl-3373	189	6	increasing	increase	VERB
hassl-3373	189	7	the	the	DET
hassl-3373	189	8	rmc	rmc	NOUN
hassl-3373	189	9	and	and	CCONJ
hassl-3373	189	10	lnfirmage	lnfirmage	NOUN
hassl-3373	189	11	variables	variable	NOUN
hassl-3373	189	12	significantly	significantly	ADV
hassl-3373	189	13	reduced	reduce	VERB
hassl-3373	189	14	firm	firm	ADJ
hassl-3373	189	15	value	value	NOUN
hassl-3373	189	16	with	with	ADP
hassl-3373	189	17	coefficient	coefficient	ADJ
hassl-3373	189	18	values	value	NOUN
hassl-3373	189	19	of	of	ADP
hassl-3373	189	20	-0.085	-0.085	X
hassl-3373	189	21	(	(	PUNCT
hassl-3373	189	22	t	t	NOUN
hassl-3373	189	23	=	=	SYM
hassl-3373	189	24	0.077	0.077	NUM
hassl-3373	189	25	)	)	PUNCT
hassl-3373	189	26	and	and	CCONJ
hassl-3373	189	27	-0.097	-0.097	NUM
hassl-3373	189	28	(	(	PUNCT
hassl-3373	189	29	t	t	NOUN
hassl-3373	189	30	=	=	SYM
hassl-3373	189	31	0.044	0.044	NUM
hassl-3373	189	32	)	)	PUNCT
hassl-3373	189	33	.	.	PUNCT
hassl-3373	190	1	when	when	SCONJ
hassl-3373	190	2	a	a	DET
hassl-3373	190	3	company	company	NOUN
hassl-3373	190	4	has	have	VERB
hassl-3373	190	5	a	a	DET
hassl-3373	190	6	risk	risk	NOUN
hassl-3373	190	7	management	management	NOUN
hassl-3373	190	8	committee	committee	NOUN
hassl-3373	190	9	and	and	CCONJ
hassl-3373	190	10	has	have	AUX
hassl-3373	190	11	been	be	AUX
hassl-3373	190	12	established	establish	VERB
hassl-3373	190	13	for	for	ADP
hassl-3373	190	14	a	a	DET
hassl-3373	190	15	long	long	ADJ
hassl-3373	190	16	time	time	NOUN
hassl-3373	190	17	,	,	PUNCT
hassl-3373	190	18	there	there	PRON
hassl-3373	190	19	is	be	VERB
hassl-3373	190	20	a	a	DET
hassl-3373	190	21	possibility	possibility	NOUN
hassl-3373	190	22	of	of	ADP
hassl-3373	190	23	value	value	NOUN
hassl-3373	190	24	.	.	PUNCT
hassl-3373	191	1	humanities	humanity	NOUN
hassl-3373	191	2	and	and	CCONJ
hassl-3373	191	3	social	social	ADJ
hassl-3373	191	4	sciences	science	NOUN
hassl-3373	191	5	letters	letter	NOUN
hassl-3373	191	6	,	,	PUNCT
hassl-3373	191	7	2023	2023	NUM
hassl-3373	191	8	,	,	PUNCT
hassl-3373	191	9	11(2	11(2	NUM
hassl-3373	191	10	):	):	PUNCT
hassl-3373	191	11	213	213	NUM
hassl-3373	191	12	-	-	SYM
hassl-3373	191	13	227	227	NUM
hassl-3373	191	14	220	220	NUM
hassl-3373	191	15	©	©	PROPN
hassl-3373	191	16	2023	2023	NUM
hassl-3373	191	17	conscientia	conscientia	PROPN
hassl-3373	191	18	beam	beam	PROPN
hassl-3373	191	19	.	.	PUNCT
hassl-3373	192	1	all	all	DET
hassl-3373	192	2	rights	right	NOUN
hassl-3373	192	3	reserved	reserve	VERB
hassl-3373	192	4	.	.	PUNCT
hassl-3373	193	1	table	table	NOUN
hassl-3373	193	2	5	5	NUM
hassl-3373	193	3	.	.	PUNCT
hassl-3373	193	4	pearson	pearson	PROPN
hassl-3373	193	5	correlation	correlation	PROPN
hassl-3373	193	6	.	.	PUNCT
hassl-3373	194	1	panel	panel	NOUN
hassl-3373	194	2	a	a	DET
hassl-3373	194	3	:	:	PUNCT
hassl-3373	194	4	from	from	ADP
hassl-3373	194	5	mtb	mtb	NOUN
hassl-3373	194	6	to	to	ADP
hassl-3373	194	7	lnfirmage	lnfirmage	NOUN
hassl-3373	194	8	variable	variable	NOUN
hassl-3373	194	9	[	[	X
hassl-3373	194	10	1	1	X
hassl-3373	194	11	]	]	X
hassl-3373	195	1	[	[	X
hassl-3373	195	2	2	2	X
hassl-3373	195	3	]	]	X
hassl-3373	195	4	[	[	X
hassl-3373	195	5	3	3	X
hassl-3373	195	6	]	]	X
hassl-3373	195	7	[	[	X
hassl-3373	195	8	4	4	X
hassl-3373	195	9	]	]	X
hassl-3373	195	10	[	[	X
hassl-3373	195	11	5	5	NUM
hassl-3373	195	12	]	]	X
hassl-3373	195	13	[	[	X
hassl-3373	195	14	6	6	NUM
hassl-3373	195	15	]	]	X
hassl-3373	195	16	[	[	X
hassl-3373	195	17	7	7	X
hassl-3373	195	18	]	]	X
hassl-3373	195	19	[	[	X
hassl-3373	195	20	8	8	NUM
hassl-3373	195	21	]	]	X
hassl-3373	195	22	[	[	X
hassl-3373	195	23	1	1	NUM
hassl-3373	195	24	]	]	PUNCT
hassl-3373	195	25	mtb	mtb	NOUN
hassl-3373	195	26	1.000	1.000	NUM
hassl-3373	195	27	[	[	X
hassl-3373	195	28	2	2	NUM
hassl-3373	195	29	]	]	PUNCT
hassl-3373	195	30	covdum	covdum	NOUN
hassl-3373	195	31	0.073	0.073	NUM
hassl-3373	195	32	(	(	PUNCT
hassl-3373	195	33	0.133	0.133	NUM
hassl-3373	195	34	)	)	PUNCT
hassl-3373	195	35	1.000	1.000	NUM
hassl-3373	196	1	[	[	X
hassl-3373	196	2	3	3	NUM
hassl-3373	196	3	]	]	PUNCT
hassl-3373	196	4	dumchina	dumchina	PROPN
hassl-3373	196	5	0.013	0.013	NUM
hassl-3373	196	6	(	(	PUNCT
hassl-3373	196	7	0.783	0.783	NUM
hassl-3373	196	8	)	)	PUNCT
hassl-3373	196	9	0.287	0.287	NUM
hassl-3373	196	10	*	*	PUNCT
hassl-3373	196	11	*	*	PUNCT
hassl-3373	196	12	*	*	PUNCT
hassl-3373	196	13	(	(	PUNCT
hassl-3373	196	14	0.000	0.000	NUM
hassl-3373	196	15	)	)	PUNCT
hassl-3373	196	16	1.000	1.000	NUM
hassl-3373	197	1	[	[	SYM
hassl-3373	197	2	4	4	NUM
hassl-3373	197	3	]	]	X
hassl-3373	197	4	dirsize	dirsize	NOUN
hassl-3373	197	5	-0.002	-0.002	PUNCT
hassl-3373	197	6	(	(	PUNCT
hassl-3373	197	7	0.963	0.963	NUM
hassl-3373	197	8	)	)	PUNCT
hassl-3373	197	9	-0.019	-0.019	PUNCT
hassl-3373	197	10	(	(	PUNCT
hassl-3373	197	11	0.700	0.700	NUM
hassl-3373	197	12	)	)	PUNCT
hassl-3373	197	13	0.156	0.156	NUM
hassl-3373	197	14	*	*	PUNCT
hassl-3373	197	15	*	*	PUNCT
hassl-3373	197	16	*	*	PUNCT
hassl-3373	197	17	(	(	PUNCT
hassl-3373	197	18	0.001	0.001	NUM
hassl-3373	197	19	)	)	PUNCT
hassl-3373	197	20	1.000	1.000	NUM
hassl-3373	198	1	[	[	X
hassl-3373	198	2	5	5	NUM
hassl-3373	198	3	]	]	PUNCT
hassl-3373	198	4	comsize	comsize	NOUN
hassl-3373	198	5	-0.015	-0.015	PUNCT
hassl-3373	198	6	(	(	PUNCT
hassl-3373	198	7	0.755	0.755	NUM
hassl-3373	198	8	)	)	PUNCT
hassl-3373	198	9	-0.015	-0.015	PUNCT
hassl-3373	198	10	(	(	PUNCT
hassl-3373	198	11	0.753	0.753	NUM
hassl-3373	198	12	)	)	PUNCT
hassl-3373	198	13	0.092	0.092	NUM
hassl-3373	198	14	*	*	PUNCT
hassl-3373	198	15	(	(	PUNCT
hassl-3373	198	16	0.057	0.057	NUM
hassl-3373	198	17	)	)	PUNCT
hassl-3373	198	18	0.529	0.529	NUM
hassl-3373	198	19	*	*	PUNCT
hassl-3373	198	20	*	*	PUNCT
hassl-3373	198	21	*	*	PUNCT
hassl-3373	198	22	(	(	PUNCT
hassl-3373	198	23	0.000	0.000	NUM
hassl-3373	198	24	)	)	PUNCT
hassl-3373	198	25	1.000	1.000	NUM
hassl-3373	199	1	[	[	X
hassl-3373	199	2	6	6	NUM
hassl-3373	199	3	]	]	PUNCT
hassl-3373	199	4	aucom	aucom	NOUN
hassl-3373	199	5	0.060	0.060	NUM
hassl-3373	199	6	(	(	PUNCT
hassl-3373	199	7	0.213	0.213	NUM
hassl-3373	199	8	)	)	PUNCT
hassl-3373	199	9	0.008	0.008	NUM
hassl-3373	199	10	(	(	PUNCT
hassl-3373	199	11	0.865	0.865	NUM
hassl-3373	199	12	)	)	PUNCT
hassl-3373	199	13	-0.004	-0.004	PUNCT
hassl-3373	199	14	(	(	PUNCT
hassl-3373	199	15	0.931	0.931	NUM
hassl-3373	199	16	)	)	PUNCT
hassl-3373	199	17	0.144	0.144	NUM
hassl-3373	199	18	*	*	PUNCT
hassl-3373	199	19	*	*	PUNCT
hassl-3373	199	20	*	*	PUNCT
hassl-3373	199	21	(	(	PUNCT
hassl-3373	199	22	0.003	0.003	NUM
hassl-3373	199	23	)	)	PUNCT
hassl-3373	199	24	0.187	0.187	NUM
hassl-3373	199	25	*	*	PUNCT
hassl-3373	199	26	*	*	PUNCT
hassl-3373	199	27	*	*	PUNCT
hassl-3373	199	28	(	(	PUNCT
hassl-3373	199	29	0.000	0.000	NUM
hassl-3373	199	30	)	)	PUNCT
hassl-3373	199	31	1.000	1.000	NUM
hassl-3373	200	1	[	[	X
hassl-3373	200	2	7	7	X
hassl-3373	200	3	]	]	X
hassl-3373	200	4	rmc	rmc	NOUN
hassl-3373	200	5	-0.085	-0.085	PROPN
hassl-3373	200	6	*	*	PUNCT
hassl-3373	200	7	(	(	PUNCT
hassl-3373	200	8	0.077	0.077	NUM
hassl-3373	200	9	)	)	PUNCT
hassl-3373	200	10	0.036	0.036	NUM
hassl-3373	200	11	(	(	PUNCT
hassl-3373	200	12	0.461	0.461	NUM
hassl-3373	200	13	)	)	PUNCT
hassl-3373	200	14	0.014	0.014	NUM
hassl-3373	200	15	(	(	PUNCT
hassl-3373	200	16	0.775	0.775	NUM
hassl-3373	200	17	)	)	PUNCT
hassl-3373	200	18	0.135	0.135	NUM
hassl-3373	200	19	*	*	PUNCT
hassl-3373	200	20	*	*	PUNCT
hassl-3373	200	21	*	*	PUNCT
hassl-3373	200	22	(	(	PUNCT
hassl-3373	200	23	0.005	0.005	NUM
hassl-3373	200	24	)	)	PUNCT
hassl-3373	200	25	0.071	0.071	NUM
hassl-3373	200	26	(	(	PUNCT
hassl-3373	200	27	0.143	0.143	NUM
hassl-3373	200	28	)	)	PUNCT
hassl-3373	200	29	-0.007	-0.007	PUNCT
hassl-3373	200	30	(	(	PUNCT
hassl-3373	200	31	0.877	0.877	NUM
hassl-3373	200	32	)	)	PUNCT
hassl-3373	200	33	1.000	1.000	NUM
hassl-3373	201	1	[	[	SYM
hassl-3373	201	2	8	8	NUM
hassl-3373	201	3	]	]	X
hassl-3373	201	4	lnfirmage	lnfirmage	NOUN
hassl-3373	201	5	-0.097	-0.097	NOUN
hassl-3373	201	6	*	*	PUNCT
hassl-3373	201	7	*	*	PUNCT
hassl-3373	201	8	(	(	PUNCT
hassl-3373	201	9	0.044	0.044	NUM
hassl-3373	201	10	)	)	PUNCT
hassl-3373	201	11	0.022	0.022	NUM
hassl-3373	201	12	(	(	PUNCT
hassl-3373	201	13	0.656	0.656	NUM
hassl-3373	201	14	)	)	PUNCT
hassl-3373	201	15	0.102	0.102	NUM
hassl-3373	201	16	*	*	PUNCT
hassl-3373	201	17	*	*	PUNCT
hassl-3373	201	18	(	(	PUNCT
hassl-3373	201	19	0.035	0.035	NUM
hassl-3373	201	20	)	)	PUNCT
hassl-3373	201	21	0.209	0.209	NUM
hassl-3373	201	22	*	*	PUNCT
hassl-3373	201	23	*	*	PUNCT
hassl-3373	201	24	*	*	PUNCT
hassl-3373	201	25	(	(	PUNCT
hassl-3373	201	26	0.000	0.000	NUM
hassl-3373	201	27	)	)	PUNCT
hassl-3373	201	28	0.266	0.266	NUM
hassl-3373	201	29	*	*	PUNCT
hassl-3373	201	30	*	*	PUNCT
hassl-3373	201	31	*	*	PUNCT
hassl-3373	201	32	(	(	PUNCT
hassl-3373	201	33	0.000	0.000	NUM
hassl-3373	201	34	)	)	PUNCT
hassl-3373	201	35	0.015	0.015	NUM
hassl-3373	201	36	(	(	PUNCT
hassl-3373	201	37	0.760	0.760	NUM
hassl-3373	201	38	)	)	PUNCT
hassl-3373	201	39	0.013	0.013	NUM
hassl-3373	201	40	(	(	PUNCT
hassl-3373	201	41	0.783	0.783	NUM
hassl-3373	201	42	)	)	PUNCT
hassl-3373	201	43	1.000	1.000	NUM
hassl-3373	201	44	[	[	PUNCT
hassl-3373	201	45	9	9	NUM
hassl-3373	201	46	]	]	PUNCT
hassl-3373	201	47	fsize	fsize	NOUN
hassl-3373	201	48	-0.044	-0.044	PROPN
hassl-3373	201	49	(	(	PUNCT
hassl-3373	201	50	0.360	0.360	NUM
hassl-3373	201	51	)	)	PUNCT
hassl-3373	201	52	0.076	0.076	NUM
hassl-3373	201	53	(	(	PUNCT
hassl-3373	201	54	0.117	0.117	NUM
hassl-3373	201	55	)	)	PUNCT
hassl-3373	201	56	0.262	0.262	NUM
hassl-3373	201	57	*	*	PUNCT
hassl-3373	201	58	*	*	PUNCT
hassl-3373	201	59	*	*	PUNCT
hassl-3373	201	60	(	(	PUNCT
hassl-3373	201	61	0.000	0.000	NUM
hassl-3373	201	62	)	)	PUNCT
hassl-3373	201	63	0.531	0.531	NUM
hassl-3373	201	64	*	*	PUNCT
hassl-3373	201	65	*	*	PUNCT
hassl-3373	201	66	*	*	PUNCT
hassl-3373	201	67	(	(	PUNCT
hassl-3373	201	68	0.000	0.000	NUM
hassl-3373	201	69	)	)	PUNCT
hassl-3373	201	70	0.544	0.544	NUM
hassl-3373	201	71	*	*	PUNCT
hassl-3373	201	72	*	*	PUNCT
hassl-3373	201	73	*	*	PUNCT
hassl-3373	201	74	(	(	PUNCT
hassl-3373	201	75	0.000	0.000	NUM
hassl-3373	201	76	)	)	PUNCT
hassl-3373	201	77	0.155	0.155	NUM
hassl-3373	201	78	*	*	PUNCT
hassl-3373	201	79	*	*	PUNCT
hassl-3373	201	80	*	*	PUNCT
hassl-3373	201	81	(	(	PUNCT
hassl-3373	201	82	0.001	0.001	NUM
hassl-3373	201	83	)	)	PUNCT
hassl-3373	201	84	0.113	0.113	NUM
hassl-3373	201	85	*	*	PUNCT
hassl-3373	201	86	*	*	PUNCT
hassl-3373	201	87	(	(	PUNCT
hassl-3373	201	88	0.019	0.019	NUM
hassl-3373	201	89	)	)	PUNCT
hassl-3373	201	90	0.239	0.239	NUM
hassl-3373	201	91	*	*	PUNCT
hassl-3373	201	92	*	*	PUNCT
hassl-3373	201	93	*	*	PUNCT
hassl-3373	201	94	(	(	PUNCT
hassl-3373	201	95	0.000	0.000	NUM
hassl-3373	201	96	)	)	PUNCT
hassl-3373	202	1	[	[	X
hassl-3373	202	2	10	10	NUM
hassl-3373	202	3	]	]	X
hassl-3373	202	4	lev	lev	NOUN
hassl-3373	202	5	-0.058	-0.058	X
hassl-3373	202	6	(	(	PUNCT
hassl-3373	202	7	0.230	0.230	NUM
hassl-3373	202	8	)	)	PUNCT
hassl-3373	202	9	0.001	0.001	NUM
hassl-3373	202	10	(	(	PUNCT
hassl-3373	202	11	0.980	0.980	NUM
hassl-3373	202	12	)	)	PUNCT
hassl-3373	202	13	0.036	0.036	NUM
hassl-3373	202	14	(	(	PUNCT
hassl-3373	202	15	0.458	0.458	NUM
hassl-3373	202	16	)	)	PUNCT
hassl-3373	202	17	-0.063	-0.063	X
hassl-3373	202	18	(	(	PUNCT
hassl-3373	202	19	0.190	0.190	NUM
hassl-3373	202	20	)	)	PUNCT
hassl-3373	202	21	-0.006	-0.006	PUNCT
hassl-3373	202	22	(	(	PUNCT
hassl-3373	202	23	0.902	0.902	NUM
hassl-3373	202	24	)	)	PUNCT
hassl-3373	202	25	-0.129	-0.129	PUNCT
hassl-3373	203	1	*	*	PUNCT
hassl-3373	203	2	*	*	PUNCT
hassl-3373	203	3	*	*	PUNCT
hassl-3373	203	4	(	(	PUNCT
hassl-3373	203	5	0.007	0.007	NUM
hassl-3373	203	6	)	)	PUNCT
hassl-3373	203	7	0.074	0.074	NUM
hassl-3373	203	8	(	(	PUNCT
hassl-3373	203	9	0.123	0.123	NUM
hassl-3373	203	10	)	)	PUNCT
hassl-3373	203	11	0.126	0.126	NUM
hassl-3373	204	1	*	*	PUNCT
hassl-3373	204	2	*	*	PUNCT
hassl-3373	204	3	*	*	PUNCT
hassl-3373	204	4	(	(	PUNCT
hassl-3373	204	5	0.009	0.009	NUM
hassl-3373	204	6	)	)	PUNCT
hassl-3373	204	7	[	[	X
hassl-3373	204	8	11	11	NUM
hassl-3373	204	9	]	]	X
hassl-3373	204	10	lncash	lncash	NOUN
hassl-3373	204	11	-0.032	-0.032	ADP
hassl-3373	204	12	(	(	PUNCT
hassl-3373	204	13	0.506	0.506	NUM
hassl-3373	204	14	)	)	PUNCT
hassl-3373	204	15	0.062	0.062	NUM
hassl-3373	204	16	(	(	PUNCT
hassl-3373	204	17	0.199	0.199	NUM
hassl-3373	204	18	)	)	PUNCT
hassl-3373	204	19	0.241	0.241	NUM
hassl-3373	204	20	*	*	PUNCT
hassl-3373	204	21	*	*	PUNCT
hassl-3373	204	22	*	*	PUNCT
hassl-3373	204	23	(	(	PUNCT
hassl-3373	204	24	0.000	0.000	NUM
hassl-3373	204	25	)	)	PUNCT
hassl-3373	204	26	0.470	0.470	NUM
hassl-3373	204	27	*	*	PUNCT
hassl-3373	204	28	*	*	PUNCT
hassl-3373	204	29	*	*	PUNCT
hassl-3373	204	30	(	(	PUNCT
hassl-3373	204	31	0.000	0.000	NUM
hassl-3373	204	32	)	)	PUNCT
hassl-3373	204	33	0.475	0.475	NUM
hassl-3373	204	34	*	*	PUNCT
hassl-3373	204	35	*	*	PUNCT
hassl-3373	204	36	*	*	PUNCT
hassl-3373	204	37	(	(	PUNCT
hassl-3373	204	38	0.000	0.000	NUM
hassl-3373	204	39	)	)	PUNCT
hassl-3373	204	40	0.157	0.157	NUM
hassl-3373	204	41	*	*	PUNCT
hassl-3373	204	42	*	*	PUNCT
hassl-3373	204	43	*	*	PUNCT
hassl-3373	204	44	(	(	PUNCT
hassl-3373	204	45	0.001	0.001	NUM
hassl-3373	204	46	)	)	PUNCT
hassl-3373	204	47	0.085	0.085	NUM
hassl-3373	204	48	*	*	PUNCT
hassl-3373	204	49	(	(	PUNCT
hassl-3373	204	50	0.078	0.078	NUM
hassl-3373	204	51	)	)	PUNCT
hassl-3373	204	52	0.185	0.185	NUM
hassl-3373	204	53	*	*	PUNCT
hassl-3373	204	54	*	*	PUNCT
hassl-3373	204	55	*	*	PUNCT
hassl-3373	204	56	(	(	PUNCT
hassl-3373	204	57	0.000	0.000	NUM
hassl-3373	204	58	)	)	PUNCT
hassl-3373	205	1	[	[	X
hassl-3373	205	2	12	12	NUM
hassl-3373	205	3	]	]	PUNCT
hassl-3373	205	4	growth	growth	NOUN
hassl-3373	205	5	0.112	0.112	NUM
hassl-3373	205	6	*	*	PUNCT
hassl-3373	205	7	*	*	PUNCT
hassl-3373	205	8	(	(	PUNCT
hassl-3373	205	9	0.020	0.020	NUM
hassl-3373	205	10	)	)	PUNCT
hassl-3373	205	11	0.028	0.028	NUM
hassl-3373	205	12	(	(	PUNCT
hassl-3373	205	13	0.558	0.558	NUM
hassl-3373	205	14	)	)	PUNCT
hassl-3373	205	15	-0.013	-0.013	PUNCT
hassl-3373	205	16	(	(	PUNCT
hassl-3373	205	17	0.795	0.795	NUM
hassl-3373	205	18	)	)	PUNCT
hassl-3373	205	19	0.062	0.062	NUM
hassl-3373	205	20	(	(	PUNCT
hassl-3373	205	21	0.202	0.202	NUM
hassl-3373	205	22	)	)	PUNCT
hassl-3373	205	23	0.011	0.011	NUM
hassl-3373	205	24	(	(	PUNCT
hassl-3373	205	25	0.818	0.818	NUM
hassl-3373	205	26	)	)	PUNCT
hassl-3373	205	27	0.085	0.085	NUM
hassl-3373	205	28	*	*	PUNCT
hassl-3373	205	29	(	(	PUNCT
hassl-3373	205	30	0.078	0.078	NUM
hassl-3373	205	31	)	)	PUNCT
hassl-3373	205	32	-0.048	-0.048	NOUN
hassl-3373	205	33	(	(	PUNCT
hassl-3373	205	34	0.323	0.323	NUM
hassl-3373	205	35	)	)	PUNCT
hassl-3373	205	36	-0.195	-0.195	NOUN
hassl-3373	205	37	*	*	PUNCT
hassl-3373	205	38	*	*	PUNCT
hassl-3373	205	39	*	*	PUNCT
hassl-3373	205	40	(	(	PUNCT
hassl-3373	205	41	0.000	0.000	NUM
hassl-3373	205	42	)	)	PUNCT
hassl-3373	206	1	[	[	X
hassl-3373	206	2	13	13	NUM
hassl-3373	206	3	]	]	X
hassl-3373	206	4	ppe	ppe	PROPN
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hassl-3373	206	6	*	*	PUNCT
hassl-3373	206	7	(	(	PUNCT
hassl-3373	206	8	0.060	0.060	NUM
hassl-3373	206	9	)	)	PUNCT
hassl-3373	206	10	-0.023	-0.023	PUNCT
hassl-3373	206	11	(	(	PUNCT
hassl-3373	206	12	0.630	0.630	NUM
hassl-3373	206	13	)	)	PUNCT
hassl-3373	206	14	0.009	0.009	NUM
hassl-3373	206	15	(	(	PUNCT
hassl-3373	206	16	0.856	0.856	NUM
hassl-3373	206	17	)	)	PUNCT
hassl-3373	206	18	0.018	0.018	NUM
hassl-3373	206	19	(	(	PUNCT
hassl-3373	206	20	0.709	0.709	NUM
hassl-3373	206	21	)	)	PUNCT
hassl-3373	206	22	0.020	0.020	NUM
hassl-3373	206	23	(	(	PUNCT
hassl-3373	206	24	0.678	0.678	NUM
hassl-3373	206	25	)	)	PUNCT
hassl-3373	206	26	0.017	0.017	NUM
hassl-3373	206	27	(	(	PUNCT
hassl-3373	206	28	0.730	0.730	NUM
hassl-3373	206	29	)	)	PUNCT
hassl-3373	206	30	-0.013	-0.013	PUNCT
hassl-3373	206	31	(	(	PUNCT
hassl-3373	206	32	0.783	0.783	NUM
hassl-3373	206	33	)	)	PUNCT
hassl-3373	206	34	0.024	0.024	NUM
hassl-3373	206	35	(	(	PUNCT
hassl-3373	206	36	0.622	0.622	NUM
hassl-3373	206	37	)	)	PUNCT
hassl-3373	207	1	[	[	X
hassl-3373	207	2	14	14	NUM
hassl-3373	207	3	]	]	X
hassl-3373	207	4	ncfo	ncfo	PROPN
hassl-3373	207	5	0.071	0.071	NUM
hassl-3373	207	6	(	(	PUNCT
hassl-3373	207	7	0.143	0.143	NUM
hassl-3373	207	8	)	)	PUNCT
hassl-3373	207	9	-0.036	-0.036	NOUN
hassl-3373	207	10	(	(	PUNCT
hassl-3373	207	11	0.458	0.458	NUM
hassl-3373	207	12	)	)	PUNCT
hassl-3373	207	13	0.089	0.089	NUM
hassl-3373	207	14	*	*	PUNCT
hassl-3373	207	15	(	(	PUNCT
hassl-3373	207	16	0.064	0.064	NUM
hassl-3373	207	17	)	)	PUNCT
hassl-3373	207	18	0.379	0.379	NUM
hassl-3373	207	19	*	*	PUNCT
hassl-3373	207	20	*	*	PUNCT
hassl-3373	207	21	*	*	PUNCT
hassl-3373	207	22	(	(	PUNCT
hassl-3373	207	23	0.000	0.000	NUM
hassl-3373	207	24	)	)	PUNCT
hassl-3373	207	25	0.404	0.404	NUM
hassl-3373	207	26	*	*	PUNCT
hassl-3373	207	27	*	*	PUNCT
hassl-3373	207	28	*	*	PUNCT
hassl-3373	207	29	(	(	PUNCT
hassl-3373	207	30	0.000	0.000	NUM
hassl-3373	207	31	)	)	PUNCT
hassl-3373	207	32	0.109	0.109	NUM
hassl-3373	208	1	*	*	PUNCT
hassl-3373	208	2	*	*	PUNCT
hassl-3373	208	3	(	(	PUNCT
hassl-3373	208	4	0.023	0.023	NUM
hassl-3373	208	5	)	)	PUNCT
hassl-3373	208	6	0.018	0.018	NUM
hassl-3373	208	7	(	(	PUNCT
hassl-3373	208	8	0.703	0.703	NUM
hassl-3373	208	9	)	)	PUNCT
hassl-3373	208	10	0.143	0.143	NUM
hassl-3373	208	11	*	*	PUNCT
hassl-3373	208	12	*	*	PUNCT
hassl-3373	208	13	*	*	PUNCT
hassl-3373	208	14	(	(	PUNCT
hassl-3373	208	15	0.003	0.003	NUM
hassl-3373	208	16	)	)	PUNCT
hassl-3373	209	1	[	[	X
hassl-3373	209	2	15	15	NUM
hassl-3373	209	3	]	]	X
hassl-3373	209	4	rnd	rnd	NOUN
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hassl-3373	209	6	*	*	PUNCT
hassl-3373	209	7	*	*	PUNCT
hassl-3373	209	8	(	(	PUNCT
hassl-3373	209	9	0.021	0.021	NUM
hassl-3373	209	10	)	)	PUNCT
hassl-3373	209	11	-0.035	-0.035	NOUN
hassl-3373	209	12	(	(	PUNCT
hassl-3373	209	13	0.469	0.469	NUM
hassl-3373	209	14	)	)	PUNCT
hassl-3373	209	15	-0.011	-0.011	NOUN
hassl-3373	209	16	(	(	PUNCT
hassl-3373	209	17	0.822	0.822	NUM
hassl-3373	209	18	)	)	PUNCT
hassl-3373	209	19	0.255	0.255	NUM
hassl-3373	209	20	*	*	PUNCT
hassl-3373	209	21	*	*	PUNCT
hassl-3373	209	22	*	*	PUNCT
hassl-3373	209	23	(	(	PUNCT
hassl-3373	209	24	0.000	0.000	NUM
hassl-3373	209	25	)	)	PUNCT
hassl-3373	209	26	0.183	0.183	NUM
hassl-3373	209	27	*	*	PUNCT
hassl-3373	209	28	*	*	PUNCT
hassl-3373	209	29	*	*	PUNCT
hassl-3373	209	30	(	(	PUNCT
hassl-3373	209	31	0.000	0.000	NUM
hassl-3373	209	32	)	)	PUNCT
hassl-3373	209	33	0.120	0.120	NUM
hassl-3373	209	34	*	*	PUNCT
hassl-3373	209	35	*	*	PUNCT
hassl-3373	209	36	(	(	PUNCT
hassl-3373	209	37	0.013	0.013	NUM
hassl-3373	209	38	)	)	PUNCT
hassl-3373	209	39	0.043	0.043	NUM
hassl-3373	209	40	(	(	PUNCT
hassl-3373	209	41	0.377	0.377	NUM
hassl-3373	209	42	)	)	PUNCT
hassl-3373	209	43	0.169	0.169	NUM
hassl-3373	209	44	*	*	PUNCT
hassl-3373	209	45	*	*	PUNCT
hassl-3373	209	46	*	*	PUNCT
hassl-3373	209	47	(	(	PUNCT
hassl-3373	209	48	0.000	0.000	NUM
hassl-3373	209	49	)	)	PUNCT
hassl-3373	209	50	panel	panel	NOUN
hassl-3373	209	51	b	b	NOUN
hassl-3373	209	52	:	:	PUNCT
hassl-3373	209	53	from	from	ADP
hassl-3373	209	54	fsize	fsize	NOUN
hassl-3373	209	55	to	to	ADP
hassl-3373	209	56	rnd	rnd	PROPN
hassl-3373	209	57	variable	variable	NOUN
hassl-3373	209	58	[	[	X
hassl-3373	209	59	9	9	NUM
hassl-3373	209	60	]	]	X
hassl-3373	209	61	[	[	X
hassl-3373	209	62	10	10	NUM
hassl-3373	209	63	]	]	X
hassl-3373	210	1	[	[	X
hassl-3373	210	2	11	11	NUM
hassl-3373	210	3	]	]	X
hassl-3373	210	4	[	[	X
hassl-3373	210	5	12	12	NUM
hassl-3373	210	6	]	]	X
hassl-3373	211	1	[	[	X
hassl-3373	211	2	13	13	NUM
hassl-3373	211	3	]	]	X
hassl-3373	212	1	[	[	X
hassl-3373	212	2	14	14	NUM
hassl-3373	212	3	]	]	X
hassl-3373	213	1	[	[	X
hassl-3373	213	2	15	15	NUM
hassl-3373	213	3	]	]	X
hassl-3373	213	4	[	[	X
hassl-3373	213	5	9	9	NUM
hassl-3373	213	6	]	]	PUNCT
hassl-3373	213	7	fsize	fsize	NOUN
hassl-3373	213	8	1.000	1.000	NUM
hassl-3373	214	1	[	[	SYM
hassl-3373	214	2	10	10	NUM
hassl-3373	214	3	]	]	X
hassl-3373	214	4	lev	lev	NOUN
hassl-3373	214	5	-0.027	-0.027	PUNCT
hassl-3373	214	6	(	(	PUNCT
hassl-3373	214	7	0.579	0.579	NUM
hassl-3373	214	8	)	)	PUNCT
hassl-3373	214	9	1.000	1.000	NUM
hassl-3373	215	1	[	[	X
hassl-3373	215	2	11	11	NUM
hassl-3373	215	3	]	]	X
hassl-3373	215	4	lncash	lncash	NOUN
hassl-3373	215	5	0.809	0.809	NOUN
hassl-3373	215	6	*	*	PUNCT
hassl-3373	215	7	*	*	PUNCT
hassl-3373	215	8	*	*	PUNCT
hassl-3373	215	9	(	(	PUNCT
hassl-3373	215	10	0.000	0.000	NUM
hassl-3373	215	11	)	)	PUNCT
hassl-3373	215	12	-0.159	-0.159	NOUN
hassl-3373	215	13	*	*	PUNCT
hassl-3373	216	1	*	*	PUNCT
hassl-3373	216	2	*	*	PUNCT
hassl-3373	216	3	(	(	PUNCT
hassl-3373	216	4	0.001	0.001	NUM
hassl-3373	216	5	)	)	PUNCT
hassl-3373	216	6	1.000	1.000	NUM
hassl-3373	216	7	[	[	X
hassl-3373	216	8	12	12	NUM
hassl-3373	216	9	]	]	PUNCT
hassl-3373	216	10	growth	growth	NOUN
hassl-3373	216	11	0.094	0.094	NUM
hassl-3373	216	12	*	*	SYM
hassl-3373	216	13	(	(	PUNCT
hassl-3373	216	14	0.052	0.052	NUM
hassl-3373	216	15	)	)	PUNCT
hassl-3373	216	16	-0.314	-0.314	NOUN
hassl-3373	217	1	*	*	PUNCT
hassl-3373	217	2	*	*	PUNCT
hassl-3373	217	3	*	*	PUNCT
hassl-3373	217	4	(	(	PUNCT
hassl-3373	217	5	0.000	0.000	NUM
hassl-3373	217	6	)	)	PUNCT
hassl-3373	217	7	0.125	0.125	NUM
hassl-3373	217	8	*	*	PUNCT
hassl-3373	217	9	*	*	PUNCT
hassl-3373	217	10	*	*	PUNCT
hassl-3373	217	11	(	(	PUNCT
hassl-3373	217	12	0.009	0.009	NUM
hassl-3373	217	13	)	)	PUNCT
hassl-3373	217	14	1.000	1.000	NUM
hassl-3373	217	15	[	[	PUNCT
hassl-3373	217	16	13	13	NUM
hassl-3373	217	17	]	]	X
hassl-3373	217	18	ppe	ppe	PROPN
hassl-3373	217	19	0.064	0.064	NUM
hassl-3373	217	20	(	(	PUNCT
hassl-3373	217	21	0.183	0.183	NUM
hassl-3373	217	22	)	)	PUNCT
hassl-3373	217	23	0.104	0.104	NUM
hassl-3373	218	1	*	*	PUNCT
hassl-3373	218	2	*	*	PUNCT
hassl-3373	218	3	(	(	PUNCT
hassl-3373	218	4	0.031	0.031	NUM
hassl-3373	218	5	)	)	PUNCT
hassl-3373	218	6	-0.135	-0.135	NOUN
hassl-3373	218	7	*	*	PUNCT
hassl-3373	218	8	*	*	PUNCT
hassl-3373	218	9	*	*	PUNCT
hassl-3373	218	10	(	(	PUNCT
hassl-3373	218	11	0.005	0.005	NUM
hassl-3373	218	12	)	)	PUNCT
hassl-3373	218	13	0.026	0.026	NUM
hassl-3373	218	14	(	(	PUNCT
hassl-3373	218	15	0.585	0.585	NUM
hassl-3373	218	16	)	)	PUNCT
hassl-3373	218	17	1.000	1.000	NUM
hassl-3373	219	1	[	[	X
hassl-3373	219	2	14	14	NUM
hassl-3373	219	3	]	]	X
hassl-3373	219	4	ncfo	ncfo	NOUN
hassl-3373	219	5	0.551	0.551	NUM
hassl-3373	219	6	*	*	PUNCT
hassl-3373	219	7	*	*	PUNCT
hassl-3373	219	8	*	*	PUNCT
hassl-3373	219	9	(	(	PUNCT
hassl-3373	219	10	0.000	0.000	NUM
hassl-3373	219	11	)	)	PUNCT
hassl-3373	219	12	0.005	0.005	NUM
hassl-3373	219	13	(	(	PUNCT
hassl-3373	219	14	0.917	0.917	NUM
hassl-3373	219	15	)	)	PUNCT
hassl-3373	219	16	0.512	0.512	NUM
hassl-3373	219	17	*	*	PUNCT
hassl-3373	219	18	*	*	PUNCT
hassl-3373	219	19	*	*	PUNCT
hassl-3373	219	20	(	(	PUNCT
hassl-3373	219	21	0.000	0.000	NUM
hassl-3373	219	22	)	)	PUNCT
hassl-3373	219	23	0.031	0.031	NUM
hassl-3373	219	24	(	(	PUNCT
hassl-3373	219	25	0.517	0.517	NUM
hassl-3373	219	26	)	)	PUNCT
hassl-3373	219	27	0.047	0.047	NUM
hassl-3373	219	28	(	(	PUNCT
hassl-3373	219	29	0.333	0.333	NUM
hassl-3373	219	30	)	)	PUNCT
hassl-3373	219	31	1.000	1.000	NUM
hassl-3373	219	32	[	[	X
hassl-3373	219	33	15	15	NUM
hassl-3373	219	34	]	]	X
hassl-3373	219	35	rnd	rnd	NOUN
hassl-3373	219	36	0.233	0.233	NUM
hassl-3373	219	37	*	*	PUNCT
hassl-3373	219	38	*	*	PUNCT
hassl-3373	219	39	*	*	PUNCT
hassl-3373	219	40	(	(	PUNCT
hassl-3373	219	41	0.000	0.000	NUM
hassl-3373	219	42	)	)	PUNCT
hassl-3373	219	43	0.001	0.001	NUM
hassl-3373	219	44	(	(	PUNCT
hassl-3373	219	45	0.985	0.985	NUM
hassl-3373	219	46	)	)	PUNCT
hassl-3373	219	47	0.209	0.209	NUM
hassl-3373	219	48	*	*	PUNCT
hassl-3373	219	49	*	*	PUNCT
hassl-3373	219	50	*	*	PUNCT
hassl-3373	219	51	(	(	PUNCT
hassl-3373	219	52	0.000	0.000	NUM
hassl-3373	219	53	)	)	PUNCT
hassl-3373	219	54	0.098	0.098	NUM
hassl-3373	219	55	*	*	PUNCT
hassl-3373	219	56	*	*	PUNCT
hassl-3373	219	57	(	(	PUNCT
hassl-3373	219	58	0.043	0.043	NUM
hassl-3373	219	59	)	)	PUNCT
hassl-3373	219	60	0.000	0.000	NUM
hassl-3373	219	61	(	(	PUNCT
hassl-3373	219	62	0.993	0.993	NUM
hassl-3373	219	63	)	)	PUNCT
hassl-3373	219	64	0.236	0.236	NUM
hassl-3373	219	65	*	*	PUNCT
hassl-3373	219	66	*	*	PUNCT
hassl-3373	219	67	*	*	PUNCT
hassl-3373	219	68	(	(	PUNCT
hassl-3373	219	69	0.000	0.000	NUM
hassl-3373	219	70	)	)	PUNCT
hassl-3373	219	71	1.000	1.000	NUM
hassl-3373	219	72	note	note	NOUN
hassl-3373	219	73	:	:	PUNCT
hassl-3373	219	74	the	the	DET
hassl-3373	219	75	pearson	pearson	PROPN
hassl-3373	219	76	correlation	correlation	NOUN
hassl-3373	219	77	analysis	analysis	NOUN
hassl-3373	219	78	results	result	NOUN
hassl-3373	219	79	comprise	comprise	VERB
hassl-3373	219	80	the	the	DET
hassl-3373	219	81	430	430	NUM
hassl-3373	219	82	firm	firm	ADJ
hassl-3373	219	83	-	-	PUNCT
hassl-3373	219	84	year	year	NOUN
hassl-3373	219	85	observations	observation	NOUN
hassl-3373	219	86	that	that	PRON
hassl-3373	219	87	were	be	AUX
hassl-3373	219	88	used	use	VERB
hassl-3373	219	89	in	in	ADP
hassl-3373	219	90	this	this	DET
hassl-3373	219	91	study	study	NOUN
hassl-3373	219	92	.	.	PUNCT
hassl-3373	220	1	this	this	DET
hassl-3373	220	2	analysis	analysis	NOUN
hassl-3373	220	3	used	use	VERB
hassl-3373	220	4	winsorized	winsorize	VERB
hassl-3373	220	5	data	datum	NOUN
hassl-3373	220	6	at	at	ADP
hassl-3373	220	7	1	1	NUM
hassl-3373	220	8	%	%	NOUN
hassl-3373	220	9	and	and	CCONJ
hassl-3373	220	10	99	99	NUM
hassl-3373	220	11	%	%	NOUN
hassl-3373	220	12	levels	level	NOUN
hassl-3373	220	13	.	.	PUNCT
hassl-3373	221	1	tests	test	NOUN
hassl-3373	221	2	show	show	VERB
hassl-3373	221	3	:	:	PUNCT
hassl-3373	221	4	*	*	PUNCT
hassl-3373	222	1	p	p	X
hassl-3373	222	2	<	<	X
hassl-3373	222	3	0.1	0.1	NUM
hassl-3373	222	4	(	(	PUNCT
hassl-3373	222	5	or	or	CCONJ
hassl-3373	222	6	*	*	PUNCT
hassl-3373	222	7	t	t	X
hassl-3373	222	8	>	>	X
hassl-3373	222	9	1.645	1.645	NUM
hassl-3373	222	10	)	)	PUNCT
hassl-3373	222	11	,	,	PUNCT
hassl-3373	222	12	*	*	PUNCT
hassl-3373	222	13	*	*	PUNCT
hassl-3373	223	1	p	p	X
hassl-3373	223	2	>	>	X
hassl-3373	223	3	0.05	0.05	NUM
hassl-3373	223	4	(	(	PUNCT
hassl-3373	223	5	or	or	CCONJ
hassl-3373	223	6	*	*	PUNCT
hassl-3373	223	7	*	*	PROPN
hassl-3373	223	8	t	t	X
hassl-3373	223	9	>	>	X
hassl-3373	223	10	1.960	1.960	NUM
hassl-3373	223	11	)	)	PUNCT
hassl-3373	223	12	,	,	PUNCT
hassl-3373	223	13	*	*	PUNCT
hassl-3373	223	14	*	*	PUNCT
hassl-3373	223	15	*	*	PUNCT
hassl-3373	224	1	p	p	X
hassl-3373	224	2	>	>	X
hassl-3373	224	3	0.01	0.01	NUM
hassl-3373	224	4	(	(	PUNCT
hassl-3373	224	5	or	or	CCONJ
hassl-3373	224	6	*	*	PUNCT
hassl-3373	224	7	*	*	PUNCT
hassl-3373	224	8	*	*	PUNCT
hassl-3373	224	9	t	t	X
hassl-3373	224	10	>	>	X
hassl-3373	224	11	2.326	2.326	NUM
hassl-3373	224	12	)	)	PUNCT
hassl-3373	224	13	,	,	PUNCT
hassl-3373	224	14	significance	significance	NOUN
hassl-3373	224	15	at	at	ADP
hassl-3373	224	16	10	10	NUM
hassl-3373	224	17	%	%	NOUN
hassl-3373	224	18	,	,	PUNCT
hassl-3373	224	19	5	5	NUM
hassl-3373	224	20	%	%	NOUN
hassl-3373	224	21	and	and	CCONJ
hassl-3373	224	22	1	1	NUM
hassl-3373	224	23	%	%	NOUN
hassl-3373	224	24	.	.	PUNCT
hassl-3373	225	1	4.3	4.3	NUM
hassl-3373	225	2	.	.	PUNCT
hassl-3373	226	1	multivariate	multivariate	NOUN
hassl-3373	226	2	analysis	analysis	NOUN
hassl-3373	226	3	the	the	DET
hassl-3373	226	4	results	result	NOUN
hassl-3373	226	5	of	of	ADP
hassl-3373	226	6	the	the	DET
hassl-3373	226	7	ols	ol	NOUN
hassl-3373	226	8	regression	regression	NOUN
hassl-3373	226	9	testing	testing	NOUN
hassl-3373	226	10	on	on	ADP
hassl-3373	226	11	the	the	DET
hassl-3373	226	12	primary	primary	ADJ
hassl-3373	226	13	regression	regression	NOUN
hassl-3373	226	14	with	with	ADP
hassl-3373	226	15	430	430	NUM
hassl-3373	226	16	firm	firm	ADJ
hassl-3373	226	17	-	-	PUNCT
hassl-3373	226	18	year	year	NOUN
hassl-3373	226	19	observations	observation	NOUN
hassl-3373	226	20	from	from	ADP
hassl-3373	226	21	firms	firm	NOUN
hassl-3373	226	22	listed	list	VERB
hassl-3373	226	23	on	on	ADP
hassl-3373	226	24	the	the	DET
hassl-3373	226	25	indonesia	indonesia	PROPN
hassl-3373	226	26	stock	stock	PROPN
hassl-3373	226	27	exchange	exchange	PROPN
hassl-3373	226	28	during	during	ADP
hassl-3373	226	29	2019	2019	NUM
hassl-3373	226	30	are	be	AUX
hassl-3373	226	31	documented	document	VERB
hassl-3373	226	32	in	in	ADP
hassl-3373	226	33	table	table	NOUN
hassl-3373	226	34	6	6	NUM
hassl-3373	226	35	,	,	PUNCT
hassl-3373	226	36	column	column	NOUN
hassl-3373	226	37	1	1	NUM
hassl-3373	226	38	(	(	PUNCT
hassl-3373	226	39	for	for	ADP
hassl-3373	226	40	model	model	NOUN
hassl-3373	226	41	1	1	NUM
hassl-3373	226	42	)	)	PUNCT
hassl-3373	226	43	and	and	CCONJ
hassl-3373	226	44	column	column	NOUN
hassl-3373	226	45	2	2	NUM
hassl-3373	226	46	(	(	PUNCT
hassl-3373	226	47	for	for	ADP
hassl-3373	226	48	model	model	NOUN
hassl-3373	226	49	2	2	NUM
hassl-3373	226	50	)	)	PUNCT
hassl-3373	226	51	.	.	PUNCT
hassl-3373	227	1	the	the	DET
hassl-3373	227	2	test	test	NOUN
hassl-3373	227	3	results	result	NOUN
hassl-3373	227	4	are	be	AUX
hassl-3373	227	5	in	in	ADP
hassl-3373	227	6	line	line	NOUN
hassl-3373	227	7	with	with	ADP
hassl-3373	227	8	hypotheses	hypothesis	NOUN
hassl-3373	227	9	1	1	NUM
hassl-3373	227	10	and	and	CCONJ
hassl-3373	227	11	2	2	NUM
hassl-3373	227	12	,	,	PUNCT
hassl-3373	227	13	which	which	PRON
hassl-3373	227	14	were	be	AUX
hassl-3373	227	15	built	build	VERB
hassl-3373	227	16	in	in	ADP
hassl-3373	227	17	this	this	DET
hassl-3373	227	18	study	study	NOUN
hassl-3373	227	19	.	.	PUNCT
hassl-3373	228	1	table	table	NOUN
hassl-3373	228	2	6	6	NUM
hassl-3373	228	3	column	column	NOUN
hassl-3373	228	4	1	1	NUM
hassl-3373	228	5	shows	show	VERB
hassl-3373	228	6	that	that	SCONJ
hassl-3373	228	7	covid-19	covid-19	PROPN
hassl-3373	228	8	exposure	exposure	NOUN
hassl-3373	228	9	statistically	statistically	ADV
hassl-3373	228	10	has	have	VERB
hassl-3373	228	11	a	a	DET
hassl-3373	228	12	positive	positive	ADJ
hassl-3373	228	13	relationship	relationship	NOUN
hassl-3373	228	14	with	with	ADP
hassl-3373	228	15	firm	firm	ADJ
hassl-3373	228	16	value	value	NOUN
hassl-3373	228	17	.	.	PUNCT
hassl-3373	229	1	this	this	DET
hassl-3373	229	2	opinion	opinion	NOUN
hassl-3373	229	3	is	be	AUX
hassl-3373	229	4	supported	support	VERB
hassl-3373	229	5	by	by	ADP
hassl-3373	229	6	the	the	DET
hassl-3373	229	7	coefficient	coefficient	NOUN
hassl-3373	229	8	value	value	NOUN
hassl-3373	229	9	of	of	ADP
hassl-3373	229	10	1.213	1.213	NUM
hassl-3373	229	11	(	(	PUNCT
hassl-3373	229	12	t	t	NOUN
hassl-3373	229	13	=	=	SYM
hassl-3373	229	14	2.76	2.76	NUM
hassl-3373	229	15	)	)	PUNCT
hassl-3373	229	16	and	and	CCONJ
hassl-3373	229	17	is	be	AUX
hassl-3373	229	18	significant	significant	ADJ
hassl-3373	229	19	at	at	ADP
hassl-3373	229	20	the	the	DET
hassl-3373	229	21	1	1	NUM
hassl-3373	229	22	%	%	NOUN
hassl-3373	229	23	level	level	NOUN
hassl-3373	229	24	in	in	ADP
hassl-3373	229	25	column	column	NOUN
hassl-3373	229	26	1	1	NUM
hassl-3373	229	27	.	.	PUNCT
hassl-3373	230	1	therefore	therefore	ADV
hassl-3373	230	2	,	,	PUNCT
hassl-3373	230	3	humanities	humanity	NOUN
hassl-3373	230	4	and	and	CCONJ
hassl-3373	230	5	social	social	ADJ
hassl-3373	230	6	sciences	science	NOUN
hassl-3373	230	7	letters	letter	NOUN
hassl-3373	230	8	,	,	PUNCT
hassl-3373	230	9	2023	2023	NUM
hassl-3373	230	10	,	,	PUNCT
hassl-3373	230	11	11(2	11(2	NUM
hassl-3373	230	12	):	):	PUNCT
hassl-3373	230	13	213	213	NUM
hassl-3373	230	14	-	-	SYM
hassl-3373	230	15	227	227	NUM
hassl-3373	230	16	221	221	NUM
hassl-3373	230	17	©	©	PROPN
hassl-3373	230	18	2023	2023	NUM
hassl-3373	230	19	conscientia	conscientia	PROPN
hassl-3373	230	20	beam	beam	PROPN
hassl-3373	230	21	.	.	PUNCT
hassl-3373	231	1	all	all	DET
hassl-3373	231	2	rights	right	NOUN
hassl-3373	231	3	reserved	reserve	VERB
hassl-3373	231	4	.	.	PUNCT
hassl-3373	232	1	disclosure	disclosure	NOUN
hassl-3373	232	2	in	in	ADP
hassl-3373	232	3	a	a	DET
hassl-3373	232	4	firm	firm	NOUN
hassl-3373	232	5	's	's	PART
hassl-3373	232	6	annual	annual	ADJ
hassl-3373	232	7	report	report	NOUN
hassl-3373	232	8	regarding	regard	VERB
hassl-3373	232	9	exposure	exposure	NOUN
hassl-3373	232	10	to	to	ADP
hassl-3373	232	11	the	the	DET
hassl-3373	232	12	covid-19	covid-19	PROPN
hassl-3373	232	13	pandemic	pandemic	NOUN
hassl-3373	232	14	that	that	PRON
hassl-3373	232	15	impacted	impact	VERB
hassl-3373	232	16	the	the	DET
hassl-3373	232	17	firm	firm	NOUN
hassl-3373	232	18	can	can	AUX
hassl-3373	232	19	actually	actually	ADV
hassl-3373	232	20	increase	increase	VERB
hassl-3373	232	21	its	its	PRON
hassl-3373	232	22	value	value	NOUN
hassl-3373	232	23	.	.	PUNCT
hassl-3373	233	1	this	this	DET
hassl-3373	233	2	disclosure	disclosure	NOUN
hassl-3373	233	3	is	be	AUX
hassl-3373	233	4	likely	likely	ADJ
hassl-3373	233	5	to	to	PART
hassl-3373	233	6	be	be	AUX
hassl-3373	233	7	seen	see	VERB
hassl-3373	233	8	as	as	ADP
hassl-3373	233	9	a	a	DET
hassl-3373	233	10	good	good	ADJ
hassl-3373	233	11	signal	signal	NOUN
hassl-3373	233	12	.	.	PUNCT
hassl-3373	234	1	investors	investor	NOUN
hassl-3373	234	2	will	will	AUX
hassl-3373	234	3	view	view	VERB
hassl-3373	234	4	it	it	PRON
hassl-3373	234	5	as	as	ADP
hassl-3373	234	6	a	a	DET
hassl-3373	234	7	form	form	NOUN
hassl-3373	234	8	of	of	ADP
hassl-3373	234	9	disclosing	disclose	VERB
hassl-3373	234	10	information	information	NOUN
hassl-3373	234	11	presented	present	VERB
hassl-3373	234	12	by	by	ADP
hassl-3373	234	13	the	the	DET
hassl-3373	234	14	firm	firm	NOUN
hassl-3373	234	15	to	to	ADP
hassl-3373	234	16	users	user	NOUN
hassl-3373	234	17	of	of	ADP
hassl-3373	234	18	firm	firm	ADJ
hassl-3373	234	19	reports	report	NOUN
hassl-3373	234	20	,	,	PUNCT
hassl-3373	234	21	especially	especially	ADV
hassl-3373	234	22	annual	annual	ADJ
hassl-3373	234	23	reports	report	NOUN
hassl-3373	234	24	.	.	PUNCT
hassl-3373	235	1	this	this	PRON
hassl-3373	235	2	provides	provide	VERB
hassl-3373	235	3	a	a	DET
hassl-3373	235	4	clear	clear	ADJ
hassl-3373	235	5	explanation	explanation	NOUN
hassl-3373	235	6	of	of	ADP
hassl-3373	235	7	a	a	DET
hassl-3373	235	8	firm	firm	NOUN
hassl-3373	235	9	's	's	PART
hassl-3373	235	10	performance	performance	NOUN
hassl-3373	235	11	or	or	CCONJ
hassl-3373	235	12	the	the	DET
hassl-3373	235	13	reasons	reason	NOUN
hassl-3373	235	14	behind	behind	ADP
hassl-3373	235	15	poor	poor	ADJ
hassl-3373	235	16	performance	performance	NOUN
hassl-3373	235	17	.	.	PUNCT
hassl-3373	236	1	this	this	DET
hassl-3373	236	2	positive	positive	ADJ
hassl-3373	236	3	effect	effect	NOUN
hassl-3373	236	4	is	be	AUX
hassl-3373	236	5	also	also	ADV
hassl-3373	236	6	because	because	SCONJ
hassl-3373	236	7	investors	investor	NOUN
hassl-3373	236	8	not	not	PART
hassl-3373	236	9	only	only	ADV
hassl-3373	236	10	look	look	VERB
hassl-3373	236	11	at	at	ADP
hassl-3373	236	12	whether	whether	SCONJ
hassl-3373	236	13	a	a	DET
hassl-3373	236	14	firm	firm	NOUN
hassl-3373	236	15	discloses	disclose	VERB
hassl-3373	236	16	covid-19	covid-19	PROPN
hassl-3373	236	17	exposure	exposure	NOUN
hassl-3373	236	18	but	but	CCONJ
hassl-3373	236	19	also	also	ADV
hassl-3373	236	20	how	how	SCONJ
hassl-3373	236	21	the	the	DET
hassl-3373	236	22	firm	firm	NOUN
hassl-3373	236	23	performs	perform	VERB
hassl-3373	236	24	in	in	ADP
hassl-3373	236	25	other	other	ADJ
hassl-3373	236	26	areas	area	NOUN
hassl-3373	236	27	,	,	PUNCT
hassl-3373	236	28	such	such	ADJ
hassl-3373	236	29	as	as	ADP
hassl-3373	236	30	its	its	PRON
hassl-3373	236	31	corporate	corporate	ADJ
hassl-3373	236	32	social	social	ADJ
hassl-3373	236	33	responsibility	responsibility	NOUN
hassl-3373	236	34	activities	activity	NOUN
hassl-3373	236	35	(	(	PUNCT
hassl-3373	236	36	csr	csr	NOUN
hassl-3373	236	37	)	)	PUNCT
hassl-3373	236	38	(	(	PUNCT
hassl-3373	236	39	qiu	qiu	PROPN
hassl-3373	236	40	,	,	PUNCT
hassl-3373	236	41	jiang	jiang	PROPN
hassl-3373	236	42	,	,	PUNCT
hassl-3373	236	43	liu	liu	PROPN
hassl-3373	236	44	,	,	PUNCT
hassl-3373	236	45	chen	chen	PROPN
hassl-3373	236	46	,	,	PUNCT
hassl-3373	236	47	&	&	CCONJ
hassl-3373	236	48	yuan	yuan	PROPN
hassl-3373	236	49	,	,	PUNCT
hassl-3373	236	50	2021	2021	NUM
hassl-3373	236	51	)	)	PUNCT
hassl-3373	236	52	and	and	CCONJ
hassl-3373	236	53	how	how	SCONJ
hassl-3373	236	54	it	it	PRON
hassl-3373	236	55	disclosed	disclose	VERB
hassl-3373	236	56	environmental	environmental	ADJ
hassl-3373	236	57	,	,	PUNCT
hassl-3373	236	58	social	social	ADJ
hassl-3373	236	59	,	,	PUNCT
hassl-3373	236	60	and	and	CCONJ
hassl-3373	236	61	governance	governance	NOUN
hassl-3373	236	62	(	(	PUNCT
hassl-3373	236	63	esg	esg	NOUN
hassl-3373	236	64	)	)	PUNCT
hassl-3373	236	65	information	information	NOUN
hassl-3373	236	66	in	in	ADP
hassl-3373	236	67	the	the	DET
hassl-3373	236	68	previous	previous	ADJ
hassl-3373	236	69	year	year	NOUN
hassl-3373	236	70	(	(	PUNCT
hassl-3373	236	71	feng	feng	PROPN
hassl-3373	236	72	&	&	CCONJ
hassl-3373	236	73	wu	wu	PROPN
hassl-3373	236	74	,	,	PUNCT
hassl-3373	236	75	2021	2021	NUM
hassl-3373	236	76	)	)	PUNCT
hassl-3373	236	77	.	.	PUNCT
hassl-3373	237	1	therefore	therefore	ADV
hassl-3373	237	2	,	,	PUNCT
hassl-3373	237	3	firms	firm	NOUN
hassl-3373	237	4	that	that	PRON
hassl-3373	237	5	still	still	ADV
hassl-3373	237	6	had	have	VERB
hassl-3373	237	7	good	good	ADJ
hassl-3373	237	8	performance	performance	NOUN
hassl-3373	237	9	during	during	ADP
hassl-3373	237	10	the	the	DET
hassl-3373	237	11	covid-19	covid-19	PROPN
hassl-3373	237	12	pandemic	pandemic	NOUN
hassl-3373	237	13	will	will	AUX
hassl-3373	237	14	also	also	ADV
hassl-3373	237	15	have	have	AUX
hassl-3373	237	16	been	be	AUX
hassl-3373	237	17	seen	see	VERB
hassl-3373	237	18	as	as	ADP
hassl-3373	237	19	being	be	AUX
hassl-3373	237	20	good	good	ADJ
hassl-3373	237	21	value	value	NOUN
hassl-3373	237	22	by	by	ADP
hassl-3373	237	23	investors	investor	NOUN
hassl-3373	237	24	.	.	PUNCT
hassl-3373	238	1	however	however	ADV
hassl-3373	238	2	,	,	PUNCT
hassl-3373	238	3	this	this	DET
hassl-3373	238	4	result	result	NOUN
hassl-3373	238	5	is	be	AUX
hassl-3373	238	6	different	different	ADJ
hassl-3373	238	7	from	from	ADP
hassl-3373	238	8	baker	baker	PROPN
hassl-3373	238	9	et	et	PROPN
hassl-3373	238	10	al	al	PROPN
hassl-3373	238	11	.	.	PROPN
hassl-3373	239	1	(	(	PUNCT
hassl-3373	239	2	2020	2020	NUM
hassl-3373	239	3	)	)	PUNCT
hassl-3373	239	4	;	;	PUNCT
hassl-3373	240	1	bose	bose	PROPN
hassl-3373	240	2	et	et	PROPN
hassl-3373	240	3	al	al	PROPN
hassl-3373	240	4	.	.	PROPN
hassl-3373	241	1	(	(	PUNCT
hassl-3373	241	2	2022	2022	NUM
hassl-3373	241	3	)	)	PUNCT
hassl-3373	241	4	;	;	PUNCT
hassl-3373	242	1	hassan	hassan	PROPN
hassl-3373	242	2	(	(	PUNCT
hassl-3373	242	3	2020	2020	NUM
hassl-3373	242	4	)	)	PUNCT
hassl-3373	242	5	;	;	PUNCT
hassl-3373	242	6	li	li	PROPN
hassl-3373	242	7	et	et	PROPN
hassl-3373	242	8	al	al	PROPN
hassl-3373	242	9	.	.	PROPN
hassl-3373	242	10	(	(	PUNCT
hassl-3373	242	11	2021	2021	NUM
hassl-3373	242	12	)	)	PUNCT
hassl-3373	242	13	;	;	PUNCT
hassl-3373	242	14	ramelli	ramelli	PROPN
hassl-3373	242	15	and	and	CCONJ
hassl-3373	242	16	wagner	wagner	PROPN
hassl-3373	242	17	(	(	PUNCT
hassl-3373	242	18	2020	2020	NUM
hassl-3373	242	19	)	)	PUNCT
hassl-3373	242	20	,	,	PUNCT
hassl-3373	242	21	who	who	PRON
hassl-3373	242	22	argue	argue	VERB
hassl-3373	242	23	that	that	SCONJ
hassl-3373	242	24	the	the	DET
hassl-3373	242	25	covid-19	covid-19	PROPN
hassl-3373	242	26	pandemic	pandemic	ADJ
hassl-3373	242	27	reduced	reduce	VERB
hassl-3373	242	28	firm	firm	ADJ
hassl-3373	242	29	value	value	NOUN
hassl-3373	242	30	.	.	PUNCT
hassl-3373	243	1	the	the	DET
hassl-3373	243	2	relationship	relationship	NOUN
hassl-3373	243	3	between	between	ADP
hassl-3373	243	4	china	china	PROPN
hassl-3373	243	5	exposure	exposure	NOUN
hassl-3373	243	6	and	and	CCONJ
hassl-3373	243	7	firm	firm	ADJ
hassl-3373	243	8	value	value	NOUN
hassl-3373	243	9	in	in	ADP
hassl-3373	243	10	column	column	NOUN
hassl-3373	243	11	2	2	NUM
hassl-3373	243	12	of	of	ADP
hassl-3373	243	13	table	table	NOUN
hassl-3373	243	14	6	6	NUM
hassl-3373	243	15	also	also	ADV
hassl-3373	243	16	shows	show	VERB
hassl-3373	243	17	a	a	DET
hassl-3373	243	18	positive	positive	ADJ
hassl-3373	243	19	and	and	CCONJ
hassl-3373	243	20	statistically	statistically	ADV
hassl-3373	243	21	significant	significant	ADJ
hassl-3373	243	22	relationship	relationship	NOUN
hassl-3373	243	23	,	,	PUNCT
hassl-3373	243	24	which	which	PRON
hassl-3373	243	25	is	be	AUX
hassl-3373	243	26	in	in	ADP
hassl-3373	243	27	line	line	NOUN
hassl-3373	243	28	with	with	ADP
hassl-3373	243	29	hypothesis	hypothesis	NOUN
hassl-3373	243	30	2	2	NUM
hassl-3373	243	31	.	.	PUNCT
hassl-3373	244	1	this	this	DET
hassl-3373	244	2	statement	statement	NOUN
hassl-3373	244	3	is	be	AUX
hassl-3373	244	4	supported	support	VERB
hassl-3373	244	5	by	by	ADP
hassl-3373	244	6	the	the	DET
hassl-3373	244	7	dumchina	dumchina	ADJ
hassl-3373	244	8	coefficient	coefficient	NOUN
hassl-3373	244	9	value	value	NOUN
hassl-3373	244	10	of	of	ADP
hassl-3373	244	11	0.869	0.869	NUM
hassl-3373	244	12	(	(	PUNCT
hassl-3373	244	13	t	t	NOUN
hassl-3373	244	14	=	=	SYM
hassl-3373	244	15	1.65	1.65	NUM
hassl-3373	244	16	)	)	PUNCT
hassl-3373	244	17	and	and	CCONJ
hassl-3373	244	18	is	be	AUX
hassl-3373	244	19	significant	significant	ADJ
hassl-3373	244	20	at	at	ADP
hassl-3373	244	21	the	the	DET
hassl-3373	244	22	10	10	NUM
hassl-3373	244	23	%	%	NOUN
hassl-3373	244	24	level	level	NOUN
hassl-3373	244	25	.	.	PUNCT
hassl-3373	245	1	thus	thus	ADV
hassl-3373	245	2	,	,	PUNCT
hassl-3373	245	3	disclosures	disclosure	NOUN
hassl-3373	245	4	made	make	VERB
hassl-3373	245	5	by	by	ADP
hassl-3373	245	6	firms	firm	NOUN
hassl-3373	245	7	in	in	ADP
hassl-3373	245	8	their	their	PRON
hassl-3373	245	9	annual	annual	ADJ
hassl-3373	245	10	reports	report	NOUN
hassl-3373	245	11	on	on	ADP
hassl-3373	245	12	firm	firm	ADJ
hassl-3373	245	13	activities	activity	NOUN
hassl-3373	245	14	in	in	ADP
hassl-3373	245	15	the	the	DET
hassl-3373	245	16	export	export	NOUN
hassl-3373	245	17	–	–	PUNCT
hassl-3373	245	18	import	import	NOUN
hassl-3373	245	19	sector	sector	NOUN
hassl-3373	245	20	and	and	CCONJ
hassl-3373	245	21	disclosures	disclosure	NOUN
hassl-3373	245	22	due	due	ADJ
hassl-3373	245	23	to	to	ADP
hassl-3373	245	24	the	the	DET
hassl-3373	245	25	impact	impact	NOUN
hassl-3373	245	26	felt	feel	VERB
hassl-3373	245	27	by	by	ADP
hassl-3373	245	28	china	china	PROPN
hassl-3373	245	29	's	's	PART
hassl-3373	245	30	activities	activity	NOUN
hassl-3373	245	31	are	be	AUX
hassl-3373	245	32	statistically	statistically	ADV
hassl-3373	245	33	proven	prove	VERB
hassl-3373	245	34	to	to	PART
hassl-3373	245	35	increase	increase	VERB
hassl-3373	245	36	firm	firm	ADJ
hassl-3373	245	37	value	value	NOUN
hassl-3373	245	38	.	.	PUNCT
hassl-3373	246	1	this	this	PRON
hassl-3373	246	2	is	be	AUX
hassl-3373	246	3	in	in	ADP
hassl-3373	246	4	line	line	NOUN
hassl-3373	246	5	with	with	ADP
hassl-3373	246	6	the	the	DET
hassl-3373	246	7	results	result	NOUN
hassl-3373	246	8	for	for	ADP
hassl-3373	246	9	when	when	SCONJ
hassl-3373	246	10	firms	firm	NOUN
hassl-3373	246	11	disclosed	disclose	VERB
hassl-3373	246	12	their	their	PRON
hassl-3373	246	13	covid-19	covid-19	PROPN
hassl-3373	246	14	exposure	exposure	NOUN
hassl-3373	246	15	.	.	PUNCT
hassl-3373	247	1	investors	investor	NOUN
hassl-3373	247	2	can	can	AUX
hassl-3373	247	3	consider	consider	VERB
hassl-3373	247	4	this	this	PRON
hassl-3373	247	5	as	as	ADP
hassl-3373	247	6	a	a	DET
hassl-3373	247	7	positive	positive	ADJ
hassl-3373	247	8	signal	signal	NOUN
hassl-3373	247	9	because	because	SCONJ
hassl-3373	247	10	firms	firm	NOUN
hassl-3373	247	11	disclosed	disclose	VERB
hassl-3373	247	12	all	all	DET
hassl-3373	247	13	conditions	condition	NOUN
hassl-3373	247	14	that	that	PRON
hassl-3373	247	15	impacted	impact	VERB
hassl-3373	247	16	their	their	PRON
hassl-3373	247	17	performance	performance	NOUN
hassl-3373	247	18	,	,	PUNCT
hassl-3373	247	19	one	one	NUM
hassl-3373	247	20	of	of	ADP
hassl-3373	247	21	which	which	PRON
hassl-3373	247	22	is	be	AUX
hassl-3373	247	23	the	the	DET
hassl-3373	247	24	impact	impact	NOUN
hassl-3373	247	25	of	of	ADP
hassl-3373	247	26	china	china	PROPN
hassl-3373	247	27	's	's	PART
hassl-3373	247	28	activities	activity	NOUN
hassl-3373	247	29	.	.	PUNCT
hassl-3373	248	1	in	in	ADP
hassl-3373	248	2	2019	2019	NUM
hassl-3373	248	3	,	,	PUNCT
hassl-3373	248	4	aside	aside	ADV
hassl-3373	248	5	from	from	ADP
hassl-3373	248	6	china	china	PROPN
hassl-3373	248	7	being	be	AUX
hassl-3373	248	8	the	the	DET
hassl-3373	248	9	origin	origin	NOUN
hassl-3373	248	10	of	of	ADP
hassl-3373	248	11	the	the	DET
hassl-3373	248	12	pandemic	pandemic	NOUN
hassl-3373	248	13	,	,	PUNCT
hassl-3373	248	14	there	there	PRON
hassl-3373	248	15	was	be	VERB
hassl-3373	248	16	a	a	DET
hassl-3373	248	17	trade	trade	NOUN
hassl-3373	248	18	war	war	NOUN
hassl-3373	248	19	between	between	ADP
hassl-3373	248	20	the	the	DET
hassl-3373	248	21	us	us	PROPN
hassl-3373	248	22	and	and	CCONJ
hassl-3373	248	23	china	china	PROPN
hassl-3373	248	24	.	.	PUNCT
hassl-3373	249	1	however	however	ADV
hassl-3373	249	2	,	,	PUNCT
hassl-3373	249	3	several	several	ADJ
hassl-3373	249	4	firms	firm	NOUN
hassl-3373	249	5	in	in	ADP
hassl-3373	249	6	this	this	DET
hassl-3373	249	7	research	research	NOUN
hassl-3373	249	8	sample	sample	NOUN
hassl-3373	249	9	expressed	express	VERB
hassl-3373	249	10	their	their	PRON
hassl-3373	249	11	optimism	optimism	NOUN
hassl-3373	249	12	over	over	ADP
hassl-3373	249	13	their	their	PRON
hassl-3373	249	14	prospects	prospect	NOUN
hassl-3373	249	15	that	that	SCONJ
hassl-3373	249	16	the	the	DET
hassl-3373	249	17	trade	trade	NOUN
hassl-3373	249	18	war	war	NOUN
hassl-3373	249	19	will	will	AUX
hassl-3373	249	20	end	end	VERB
hassl-3373	249	21	soon	soon	ADV
hassl-3373	249	22	to	to	PART
hassl-3373	249	23	recover	recover	VERB
hassl-3373	249	24	the	the	DET
hassl-3373	249	25	global	global	ADJ
hassl-3373	249	26	economy	economy	NOUN
hassl-3373	249	27	.	.	PUNCT
hassl-3373	250	1	this	this	PRON
hassl-3373	250	2	,	,	PUNCT
hassl-3373	250	3	of	of	ADP
hassl-3373	250	4	course	course	NOUN
hassl-3373	250	5	,	,	PUNCT
hassl-3373	250	6	is	be	AUX
hassl-3373	250	7	also	also	ADV
hassl-3373	250	8	a	a	DET
hassl-3373	250	9	positive	positive	ADJ
hassl-3373	250	10	signal	signal	NOUN
hassl-3373	250	11	for	for	ADP
hassl-3373	250	12	investors	investor	NOUN
hassl-3373	250	13	.	.	PUNCT
hassl-3373	251	1	table	table	NOUN
hassl-3373	251	2	6	6	NUM
hassl-3373	251	3	shows	show	VERB
hassl-3373	251	4	significant	significant	ADJ
hassl-3373	251	5	results	result	NOUN
hassl-3373	251	6	according	accord	VERB
hassl-3373	251	7	to	to	ADP
hassl-3373	251	8	the	the	DET
hassl-3373	251	9	analysis	analysis	NOUN
hassl-3373	251	10	test	test	NOUN
hassl-3373	251	11	.	.	PUNCT
hassl-3373	252	1	this	this	PRON
hassl-3373	252	2	is	be	AUX
hassl-3373	252	3	different	different	ADJ
hassl-3373	252	4	from	from	ADP
hassl-3373	252	5	ramelli	ramelli	PROPN
hassl-3373	252	6	and	and	CCONJ
hassl-3373	252	7	wagner	wagner	PROPN
hassl-3373	252	8	(	(	PUNCT
hassl-3373	252	9	2020	2020	NUM
hassl-3373	252	10	)	)	PUNCT
hassl-3373	252	11	,	,	PUNCT
hassl-3373	252	12	who	who	PRON
hassl-3373	252	13	stated	state	VERB
hassl-3373	252	14	that	that	SCONJ
hassl-3373	252	15	china	china	PROPN
hassl-3373	252	16	's	's	PART
hassl-3373	252	17	exposure	exposure	NOUN
hassl-3373	252	18	and	and	CCONJ
hassl-3373	252	19	the	the	DET
hassl-3373	252	20	international	international	ADJ
hassl-3373	252	21	orientation	orientation	NOUN
hassl-3373	252	22	of	of	ADP
hassl-3373	252	23	companies	company	NOUN
hassl-3373	252	24	are	be	AUX
hassl-3373	252	25	negatively	negatively	ADV
hassl-3373	252	26	related	relate	VERB
hassl-3373	252	27	to	to	ADP
hassl-3373	252	28	stock	stock	NOUN
hassl-3373	252	29	returns	return	NOUN
hassl-3373	252	30	during	during	ADP
hassl-3373	252	31	the	the	DET
hassl-3373	252	32	incubation	incubation	NOUN
hassl-3373	252	33	period	period	NOUN
hassl-3373	252	34	and	and	CCONJ
hassl-3373	252	35	the	the	DET
hassl-3373	252	36	covid-19	covid-19	PROPN
hassl-3373	252	37	outbreak	outbreak	NOUN
hassl-3373	252	38	.	.	PUNCT
hassl-3373	253	1	other	other	ADJ
hassl-3373	253	2	correlations	correlation	NOUN
hassl-3373	253	3	between	between	ADP
hassl-3373	253	4	the	the	DET
hassl-3373	253	5	independent	independent	ADJ
hassl-3373	253	6	variables	variable	NOUN
hassl-3373	253	7	are	be	AUX
hassl-3373	253	8	generally	generally	ADV
hassl-3373	253	9	low	low	ADJ
hassl-3373	253	10	and	and	CCONJ
hassl-3373	253	11	do	do	AUX
hassl-3373	253	12	not	not	PART
hassl-3373	253	13	cause	cause	VERB
hassl-3373	253	14	multicollinearity	multicollinearity	NOUN
hassl-3373	253	15	issues	issue	NOUN
hassl-3373	253	16	for	for	ADP
hassl-3373	253	17	further	further	ADJ
hassl-3373	253	18	analysis	analysis	NOUN
hassl-3373	253	19	.	.	PUNCT
hassl-3373	254	1	the	the	DET
hassl-3373	254	2	variance	variance	NOUN
hassl-3373	254	3	inflation	inflation	NOUN
hassl-3373	254	4	factor	factor	NOUN
hassl-3373	254	5	(	(	PUNCT
hassl-3373	254	6	vif	vif	NOUN
hassl-3373	254	7	)	)	PUNCT
hassl-3373	254	8	produced	produce	VERB
hassl-3373	254	9	a	a	DET
hassl-3373	254	10	value	value	NOUN
hassl-3373	254	11	of	of	ADP
hassl-3373	254	12	2.64	2.64	NUM
hassl-3373	254	13	for	for	ADP
hassl-3373	254	14	the	the	DET
hassl-3373	254	15	first	first	ADJ
hassl-3373	254	16	model	model	NOUN
hassl-3373	254	17	and	and	CCONJ
hassl-3373	254	18	2.63	2.63	NUM
hassl-3373	254	19	for	for	ADP
hassl-3373	254	20	the	the	DET
hassl-3373	254	21	second	second	ADJ
hassl-3373	254	22	model	model	NOUN
hassl-3373	254	23	.	.	PUNCT
hassl-3373	255	1	4.4	4.4	NUM
hassl-3373	255	2	.	.	PUNCT
hassl-3373	256	1	robustness	robustness	NOUN
hassl-3373	256	2	test	test	NOUN
hassl-3373	256	3	we	we	PRON
hassl-3373	256	4	used	use	VERB
hassl-3373	256	5	a	a	DET
hassl-3373	256	6	heckman	heckman	PROPN
hassl-3373	256	7	two	two	NUM
hassl-3373	256	8	-	-	PUNCT
hassl-3373	256	9	stage	stage	NOUN
hassl-3373	256	10	as	as	ADP
hassl-3373	256	11	a	a	DET
hassl-3373	256	12	robustness	robustness	NOUN
hassl-3373	256	13	test	test	NOUN
hassl-3373	256	14	to	to	PART
hassl-3373	256	15	address	address	VERB
hassl-3373	256	16	the	the	DET
hassl-3373	256	17	possibility	possibility	NOUN
hassl-3373	256	18	of	of	ADP
hassl-3373	256	19	endogeneity	endogeneity	NOUN
hassl-3373	256	20	problems	problem	NOUN
hassl-3373	256	21	,	,	PUNCT
hassl-3373	256	22	specifically	specifically	ADV
hassl-3373	256	23	for	for	ADP
hassl-3373	256	24	the	the	DET
hassl-3373	256	25	omitted	omit	VERB
hassl-3373	256	26	variables	variable	NOUN
hassl-3373	256	27	in	in	ADP
hassl-3373	256	28	this	this	DET
hassl-3373	256	29	research	research	NOUN
hassl-3373	256	30	model	model	NOUN
hassl-3373	256	31	.	.	PUNCT
hassl-3373	257	1	in	in	ADP
hassl-3373	257	2	the	the	DET
hassl-3373	257	3	heckman	heckman	PROPN
hassl-3373	257	4	two	two	NUM
hassl-3373	257	5	-	-	PUNCT
hassl-3373	257	6	stage	stage	NOUN
hassl-3373	257	7	regression	regression	NOUN
hassl-3373	257	8	,	,	PUNCT
hassl-3373	257	9	we	we	PRON
hassl-3373	257	10	use	use	VERB
hassl-3373	257	11	the	the	DET
hassl-3373	257	12	instrument	instrument	NOUN
hassl-3373	257	13	variable	variable	NOUN
hassl-3373	257	14	that	that	PRON
hassl-3373	257	15	has	have	VERB
hassl-3373	257	16	a	a	DET
hassl-3373	257	17	relationship	relationship	NOUN
hassl-3373	257	18	with	with	ADP
hassl-3373	257	19	the	the	DET
hassl-3373	257	20	dependent	dependent	ADJ
hassl-3373	257	21	variable	variable	NOUN
hassl-3373	257	22	only	only	ADV
hassl-3373	257	23	through	through	ADP
hassl-3373	257	24	an	an	DET
hassl-3373	257	25	interested	interested	ADJ
hassl-3373	257	26	variable	variable	NOUN
hassl-3373	257	27	(	(	PUNCT
hassl-3373	257	28	harymawan	harymawan	PROPN
hassl-3373	257	29	,	,	PUNCT
hassl-3373	257	30	putra	putra	PROPN
hassl-3373	257	31	,	,	PUNCT
hassl-3373	257	32	rizki	rizki	NOUN
hassl-3373	257	33	,	,	PUNCT
hassl-3373	257	34	&	&	CCONJ
hassl-3373	257	35	nasih	nasih	PROPN
hassl-3373	257	36	,	,	PUNCT
hassl-3373	257	37	2022	2022	NUM
hassl-3373	257	38	;	;	PUNCT
hassl-3373	257	39	nasih	nasih	NOUN
hassl-3373	257	40	,	,	PUNCT
hassl-3373	257	41	harymawan	harymawan	PROPN
hassl-3373	257	42	,	,	PUNCT
hassl-3373	257	43	putra	putra	PROPN
hassl-3373	257	44	,	,	PUNCT
hassl-3373	257	45	&	&	CCONJ
hassl-3373	257	46	qotrunnada	qotrunnada	PROPN
hassl-3373	257	47	,	,	PUNCT
hassl-3373	257	48	2019	2019	NUM
hassl-3373	257	49	)	)	PUNCT
hassl-3373	257	50	.	.	PUNCT
hassl-3373	258	1	we	we	PRON
hassl-3373	258	2	use	use	VERB
hassl-3373	258	3	one	one	NUM
hassl-3373	258	4	instrumental	instrumental	ADJ
hassl-3373	258	5	variable	variable	NOUN
hassl-3373	258	6	in	in	ADP
hassl-3373	258	7	each	each	DET
hassl-3373	258	8	model	model	NOUN
hassl-3373	258	9	:	:	PUNCT
hassl-3373	258	10	the	the	DET
hassl-3373	258	11	average	average	ADJ
hassl-3373	258	12	value	value	NOUN
hassl-3373	258	13	of	of	ADP
hassl-3373	258	14	covid-19	covid-19	PROPN
hassl-3373	258	15	exposure	exposure	NOUN
hassl-3373	258	16	(	(	PUNCT
hassl-3373	258	17	avecov	avecov	ADV
hassl-3373	258	18	)	)	PUNCT
hassl-3373	258	19	and	and	CCONJ
hassl-3373	258	20	the	the	DET
hassl-3373	258	21	average	average	ADJ
hassl-3373	258	22	value	value	NOUN
hassl-3373	258	23	of	of	ADP
hassl-3373	258	24	china	china	PROPN
hassl-3373	258	25	exposure	exposure	NOUN
hassl-3373	258	26	(	(	PUNCT
hassl-3373	258	27	avechin	avechin	PROPN
hassl-3373	258	28	)	)	PUNCT
hassl-3373	258	29	.	.	PUNCT
hassl-3373	259	1	the	the	DET
hassl-3373	259	2	selection	selection	NOUN
hassl-3373	259	3	of	of	ADP
hassl-3373	259	4	this	this	DET
hassl-3373	259	5	instrument	instrument	NOUN
hassl-3373	259	6	was	be	AUX
hassl-3373	259	7	based	base	VERB
hassl-3373	259	8	on	on	ADP
hassl-3373	259	9	the	the	DET
hassl-3373	259	10	idea	idea	NOUN
hassl-3373	259	11	that	that	SCONJ
hassl-3373	259	12	,	,	PUNCT
hassl-3373	259	13	on	on	ADP
hassl-3373	259	14	average	average	ADJ
hassl-3373	259	15	,	,	PUNCT
hassl-3373	259	16	firms	firm	NOUN
hassl-3373	259	17	do	do	AUX
hassl-3373	259	18	the	the	DET
hassl-3373	259	19	same	same	ADJ
hassl-3373	259	20	thing	thing	NOUN
hassl-3373	259	21	when	when	SCONJ
hassl-3373	259	22	exposed	expose	VERB
hassl-3373	259	23	to	to	ADP
hassl-3373	259	24	both	both	DET
hassl-3373	259	25	covid-19	covid-19	PROPN
hassl-3373	259	26	and	and	CCONJ
hassl-3373	259	27	china	china	PROPN
hassl-3373	259	28	.	.	PUNCT
hassl-3373	260	1	the	the	DET
hassl-3373	260	2	empirical	empirical	ADJ
hassl-3373	260	3	model	model	NOUN
hassl-3373	260	4	for	for	ADP
hassl-3373	260	5	the	the	DET
hassl-3373	260	6	heckman	heckman	PROPN
hassl-3373	260	7	two	two	NUM
hassl-3373	260	8	-	-	PUNCT
hassl-3373	260	9	stage	stage	NOUN
hassl-3373	260	10	regression	regression	NOUN
hassl-3373	260	11	in	in	ADP
hassl-3373	260	12	the	the	DET
hassl-3373	260	13	relationship	relationship	NOUN
hassl-3373	260	14	between	between	ADP
hassl-3373	260	15	covid-19	covid-19	PROPN
hassl-3373	260	16	exposure	exposure	NOUN
hassl-3373	260	17	and	and	CCONJ
hassl-3373	260	18	firm	firm	ADJ
hassl-3373	260	19	value	value	NOUN
hassl-3373	260	20	is	be	AUX
hassl-3373	260	21	set	set	VERB
hassl-3373	260	22	out	out	ADP
hassl-3373	260	23	in	in	ADP
hassl-3373	260	24	equation	equation	NOUN
hassl-3373	260	25	3	3	NUM
hassl-3373	260	26	below	below	ADV
hassl-3373	260	27	.	.	PUNCT
hassl-3373	261	1	equation	equation	NOUN
hassl-3373	261	2	3	3	NUM
hassl-3373	261	3	:	:	PUNCT
hassl-3373	261	4	𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	NOUN
hassl-3373	261	5	=	=	SYM
hassl-3373	261	6	𝛽0	𝛽0	NOUN
hassl-3373	261	7	+	+	CCONJ
hassl-3373	261	8	𝛽1𝐴𝑉𝐸𝐶𝑂𝑉𝑖,𝑡	𝛽1𝐴𝑉𝐸𝐶𝑂𝑉𝑖,𝑡	PROPN
hassl-3373	261	9	+	+	CCONJ
hassl-3373	261	10	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NOUN
hassl-3373	261	11	+	+	CCONJ
hassl-3373	261	12	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	261	13	+	+	NUM
hassl-3373	261	14	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	261	15	+	+	CCONJ
hassl-3373	261	16	𝛽5𝑅𝑀𝐶𝐼,𝑇	𝛽5𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	261	17	+	+	NUM
hassl-3373	261	18	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	NUM
hassl-3373	261	19	+	+	CCONJ
hassl-3373	261	20	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	261	21	+	+	SYM
hassl-3373	261	22	𝛽8𝐿𝐸𝑉𝐼,𝑇	𝛽8𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	261	23	+	+	CCONJ
hassl-3373	261	24	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	261	25	+	+	SYM
hassl-3373	261	26	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	261	27	+	+	CCONJ
hassl-3373	261	28	𝛽11𝑃𝑃𝐸𝐼,𝑇	𝛽11𝑃𝑃𝐸𝐼,𝑇	ADJ
hassl-3373	261	29	+	+	CCONJ
hassl-3373	261	30	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	NOUN
hassl-3373	261	31	+	+	CCONJ
hassl-3373	261	32	𝛽13𝑅𝑁𝐷𝐼,𝑇	𝛽13𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	261	33	+	+	CCONJ
hassl-3373	261	34	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	PROPN
hassl-3373	261	35	+	+	CCONJ
hassl-3373	261	36	𝜀𝑖,𝑡	𝜀𝑖,𝑡	ADJ
hassl-3373	261	37	humanities	humanity	NOUN
hassl-3373	261	38	and	and	CCONJ
hassl-3373	261	39	social	social	ADJ
hassl-3373	261	40	sciences	science	NOUN
hassl-3373	261	41	letters	letter	NOUN
hassl-3373	261	42	,	,	PUNCT
hassl-3373	261	43	2023	2023	NUM
hassl-3373	261	44	,	,	PUNCT
hassl-3373	261	45	11(2	11(2	NUM
hassl-3373	261	46	):	):	PUNCT
hassl-3373	261	47	213	213	NUM
hassl-3373	261	48	-	-	SYM
hassl-3373	261	49	227	227	NUM
hassl-3373	261	50	222	222	NUM
hassl-3373	261	51	©	©	PROPN
hassl-3373	261	52	2023	2023	NUM
hassl-3373	261	53	conscientia	conscientia	PROPN
hassl-3373	261	54	beam	beam	PROPN
hassl-3373	261	55	.	.	PUNCT
hassl-3373	262	1	all	all	DET
hassl-3373	262	2	rights	right	NOUN
hassl-3373	262	3	reserved	reserve	VERB
hassl-3373	262	4	.	.	PUNCT
hassl-3373	263	1	table	table	NOUN
hassl-3373	263	2	6	6	NUM
hassl-3373	263	3	.	.	PUNCT
hassl-3373	263	4	main	main	ADJ
hassl-3373	263	5	regression	regression	NOUN
hassl-3373	263	6	.	.	PUNCT
hassl-3373	264	1	variable	variable	NOUN
hassl-3373	264	2	(	(	PUNCT
hassl-3373	264	3	1	1	NUM
hassl-3373	264	4	)	)	PUNCT
hassl-3373	264	5	mtb	mtb	NOUN
hassl-3373	264	6	(	(	PUNCT
hassl-3373	264	7	2	2	NUM
hassl-3373	264	8	)	)	PUNCT
hassl-3373	264	9	mtb	mtb	NOUN
hassl-3373	264	10	covdum	covdum	NOUN
hassl-3373	264	11	1.213	1.213	NUM
hassl-3373	264	12	*	*	PUNCT
hassl-3373	264	13	*	*	PUNCT
hassl-3373	264	14	*	*	PUNCT
hassl-3373	264	15	(	(	PUNCT
hassl-3373	264	16	2.76	2.76	NUM
hassl-3373	264	17	)	)	PUNCT
hassl-3373	264	18	dumchina	dumchina	NOUN
hassl-3373	264	19	0.869	0.869	NUM
hassl-3373	264	20	*	*	SYM
hassl-3373	264	21	(	(	PUNCT
hassl-3373	264	22	1.65	1.65	NUM
hassl-3373	264	23	)	)	PUNCT
hassl-3373	264	24	dirsize	dirsize	NOUN
hassl-3373	264	25	0.033	0.033	NUM
hassl-3373	264	26	(	(	PUNCT
hassl-3373	264	27	0.20	0.20	NUM
hassl-3373	264	28	)	)	PUNCT
hassl-3373	264	29	0.005	0.005	NUM
hassl-3373	264	30	(	(	PUNCT
hassl-3373	264	31	0.03	0.03	NUM
hassl-3373	264	32	)	)	PUNCT
hassl-3373	264	33	comsize	comsize	NOUN
hassl-3373	264	34	-0.002	-0.002	PUNCT
hassl-3373	264	35	(	(	PUNCT
hassl-3373	264	36	-0.01	-0.01	NUM
hassl-3373	264	37	)	)	PUNCT
hassl-3373	264	38	-0.000	-0.000	NUM
hassl-3373	264	39	(	(	PUNCT
hassl-3373	264	40	-0.00	-0.00	NUM
hassl-3373	264	41	)	)	PUNCT
hassl-3373	264	42	aucom	aucom	NOUN
hassl-3373	264	43	0.710	0.710	NUM
hassl-3373	264	44	(	(	PUNCT
hassl-3373	264	45	1.49	1.49	NUM
hassl-3373	264	46	)	)	PUNCT
hassl-3373	264	47	0.762	0.762	NUM
hassl-3373	264	48	(	(	PUNCT
hassl-3373	264	49	1.54	1.54	NUM
hassl-3373	264	50	)	)	PUNCT
hassl-3373	264	51	rmc	rmc	NOUN
hassl-3373	264	52	-0.852	-0.852	PROPN
hassl-3373	265	1	*	*	PUNCT
hassl-3373	265	2	*	*	PUNCT
hassl-3373	265	3	(	(	PUNCT
hassl-3373	265	4	-2.20	-2.20	NUM
hassl-3373	265	5	)	)	PUNCT
hassl-3373	265	6	-0.797	-0.797	NOUN
hassl-3373	265	7	*	*	PUNCT
hassl-3373	265	8	*	*	PUNCT
hassl-3373	265	9	(	(	PUNCT
hassl-3373	265	10	-2.15	-2.15	NOUN
hassl-3373	265	11	)	)	PUNCT
hassl-3373	265	12	lnfirmage	lnfirmage	NOUN
hassl-3373	265	13	-0.652	-0.652	PUNCT
hassl-3373	265	14	(	(	PUNCT
hassl-3373	265	15	-1.61	-1.61	NOUN
hassl-3373	265	16	)	)	PUNCT
hassl-3373	265	17	-0.626	-0.626	NUM
hassl-3373	265	18	(	(	PUNCT
hassl-3373	265	19	-1.54	-1.54	NOUN
hassl-3373	265	20	)	)	PUNCT
hassl-3373	265	21	fsize	fsize	NOUN
hassl-3373	265	22	-0.347	-0.347	PUNCT
hassl-3373	265	23	(	(	PUNCT
hassl-3373	265	24	-1.17	-1.17	NUM
hassl-3373	265	25	)	)	PUNCT
hassl-3373	265	26	-0.329	-0.329	PUNCT
hassl-3373	265	27	(	(	PUNCT
hassl-3373	265	28	-1.11	-1.11	NOUN
hassl-3373	265	29	)	)	PUNCT
hassl-3373	265	30	lev	lev	NOUN
hassl-3373	265	31	-0.212	-0.212	PROPN
hassl-3373	265	32	(	(	PUNCT
hassl-3373	265	33	-0.27	-0.27	ADJ
hassl-3373	265	34	)	)	PUNCT
hassl-3373	265	35	-0.239	-0.239	X
hassl-3373	265	36	(	(	PUNCT
hassl-3373	265	37	-0.31	-0.31	NOUN
hassl-3373	265	38	)	)	PUNCT
hassl-3373	265	39	lncash	lncash	NOUN
hassl-3373	265	40	-0.044	-0.044	PROPN
hassl-3373	265	41	(	(	PUNCT
hassl-3373	265	42	-0.20	-0.20	NOUN
hassl-3373	265	43	)	)	PUNCT
hassl-3373	265	44	-0.064	-0.064	NOUN
hassl-3373	265	45	(	(	PUNCT
hassl-3373	265	46	-0.28	-0.28	NOUN
hassl-3373	265	47	)	)	PUNCT
hassl-3373	265	48	growth	growth	NOUN
hassl-3373	265	49	0.000	0.000	NUM
hassl-3373	265	50	(	(	PUNCT
hassl-3373	265	51	0.65	0.65	NUM
hassl-3373	265	52	)	)	PUNCT
hassl-3373	265	53	0.000	0.000	NUM
hassl-3373	265	54	(	(	PUNCT
hassl-3373	265	55	0.71	0.71	NUM
hassl-3373	265	56	)	)	PUNCT
hassl-3373	265	57	ppe	ppe	NOUN
hassl-3373	265	58	2.055	2.055	NUM
hassl-3373	265	59	*	*	PUNCT
hassl-3373	265	60	(	(	PUNCT
hassl-3373	265	61	1.71	1.71	NUM
hassl-3373	265	62	)	)	PUNCT
hassl-3373	265	63	1.940	1.940	NUM
hassl-3373	265	64	(	(	PUNCT
hassl-3373	265	65	1.63	1.63	NUM
hassl-3373	265	66	)	)	PUNCT
hassl-3373	265	67	ncfo	ncfo	NOUN
hassl-3373	266	1	0.000	0.000	NUM
hassl-3373	266	2	*	*	PUNCT
hassl-3373	266	3	*	*	PUNCT
hassl-3373	266	4	(	(	PUNCT
hassl-3373	266	5	2.11	2.11	NUM
hassl-3373	266	6	)	)	PUNCT
hassl-3373	266	7	0.000	0.000	NUM
hassl-3373	266	8	*	*	PUNCT
hassl-3373	266	9	*	*	PUNCT
hassl-3373	266	10	(	(	PUNCT
hassl-3373	266	11	2.03	2.03	NUM
hassl-3373	266	12	)	)	PUNCT
hassl-3373	266	13	rnd	rnd	NOUN
hassl-3373	266	14	0.000	0.000	NUM
hassl-3373	266	15	(	(	PUNCT
hassl-3373	266	16	1.39	1.39	NUM
hassl-3373	266	17	)	)	PUNCT
hassl-3373	266	18	0.000	0.000	NUM
hassl-3373	266	19	(	(	PUNCT
hassl-3373	266	20	1.38	1.38	NUM
hassl-3373	266	21	)	)	PUNCT
hassl-3373	266	22	intercept	intercept	VERB
hassl-3373	266	23	10.950	10.950	NUM
hassl-3373	266	24	*	*	NOUN
hassl-3373	266	25	*	*	PUNCT
hassl-3373	266	26	(	(	PUNCT
hassl-3373	266	27	2.01	2.01	NUM
hassl-3373	266	28	)	)	PUNCT
hassl-3373	266	29	11.063	11.063	NUM
hassl-3373	266	30	*	*	NOUN
hassl-3373	266	31	*	*	PUNCT
hassl-3373	266	32	(	(	PUNCT
hassl-3373	266	33	2.02	2.02	NUM
hassl-3373	266	34	)	)	PUNCT
hassl-3373	266	35	industry	industry	NOUN
hassl-3373	266	36	fixed	fix	VERB
hassl-3373	266	37	effect	effect	NOUN
hassl-3373	266	38	included	include	VERB
hassl-3373	266	39	included	include	VERB
hassl-3373	266	40	r2	r2	PROPN
hassl-3373	266	41	0.087	0.087	NUM
hassl-3373	266	42	0.081	0.081	NUM
hassl-3373	266	43	adjusted	adjust	VERB
hassl-3373	266	44	r2	r2	PROPN
hassl-3373	266	45	0.043	0.043	NUM
hassl-3373	266	46	0.037	0.037	NUM
hassl-3373	266	47	n	n	NUM
hassl-3373	266	48	430	430	NUM
hassl-3373	266	49	430	430	NUM
hassl-3373	266	50	note	note	NOUN
hassl-3373	266	51	:	:	PUNCT
hassl-3373	266	52	column	column	NOUN
hassl-3373	266	53	1	1	NUM
hassl-3373	266	54	in	in	ADP
hassl-3373	266	55	this	this	DET
hassl-3373	266	56	table	table	NOUN
hassl-3373	266	57	shows	show	VERB
hassl-3373	266	58	the	the	DET
hassl-3373	266	59	ols	ol	NOUN
hassl-3373	266	60	test	test	NOUN
hassl-3373	266	61	results	result	NOUN
hassl-3373	266	62	between	between	ADP
hassl-3373	266	63	covid-19	covid-19	PROPN
hassl-3373	266	64	exposure	exposure	NOUN
hassl-3373	266	65	and	and	CCONJ
hassl-3373	266	66	firm	firm	ADJ
hassl-3373	266	67	value	value	NOUN
hassl-3373	266	68	.	.	PUNCT
hassl-3373	267	1	column	column	NOUN
hassl-3373	267	2	2	2	NUM
hassl-3373	267	3	shows	show	VERB
hassl-3373	267	4	the	the	DET
hassl-3373	267	5	ols	ol	NOUN
hassl-3373	267	6	test	test	NOUN
hassl-3373	267	7	results	result	NOUN
hassl-3373	267	8	between	between	ADP
hassl-3373	267	9	china	china	PROPN
hassl-3373	267	10	exposure	exposure	NOUN
hassl-3373	267	11	and	and	CCONJ
hassl-3373	267	12	firm	firm	ADJ
hassl-3373	267	13	value	value	NOUN
hassl-3373	267	14	.	.	PUNCT
hassl-3373	268	1	the	the	DET
hassl-3373	268	2	sample	sample	NOUN
hassl-3373	268	3	includes	include	VERB
hassl-3373	268	4	430	430	NUM
hassl-3373	268	5	firm	firm	ADJ
hassl-3373	268	6	-	-	PUNCT
hassl-3373	268	7	year	year	NOUN
hassl-3373	268	8	observations	observation	NOUN
hassl-3373	268	9	from	from	ADP
hassl-3373	268	10	firms	firm	NOUN
hassl-3373	268	11	listed	list	VERB
hassl-3373	268	12	on	on	ADP
hassl-3373	268	13	the	the	DET
hassl-3373	268	14	indonesia	indonesia	PROPN
hassl-3373	268	15	stock	stock	PROPN
hassl-3373	268	16	exchange	exchange	NOUN
hassl-3373	268	17	in	in	ADP
hassl-3373	268	18	2019	2019	NUM
hassl-3373	268	19	.	.	PUNCT
hassl-3373	269	1	this	this	DET
hassl-3373	269	2	analysis	analysis	NOUN
hassl-3373	269	3	uses	use	VERB
hassl-3373	269	4	winsorized	winsorize	VERB
hassl-3373	269	5	data	datum	NOUN
hassl-3373	269	6	at	at	ADP
hassl-3373	269	7	1	1	NUM
hassl-3373	269	8	%	%	NOUN
hassl-3373	269	9	and	and	CCONJ
hassl-3373	269	10	99	99	NUM
hassl-3373	269	11	%	%	NOUN
hassl-3373	269	12	levels	level	NOUN
hassl-3373	269	13	.	.	PUNCT
hassl-3373	270	1	these	these	DET
hassl-3373	270	2	tests	test	NOUN
hassl-3373	270	3	include	include	VERB
hassl-3373	270	4	industry	industry	NOUN
hassl-3373	270	5	fixed	fix	VERB
hassl-3373	270	6	effects	effect	NOUN
hassl-3373	270	7	.	.	PUNCT
hassl-3373	271	1	tests	test	NOUN
hassl-3373	271	2	show	show	VERB
hassl-3373	271	3	:	:	PUNCT
hassl-3373	271	4	*	*	PUNCT
hassl-3373	272	1	p	p	X
hassl-3373	272	2	<	<	X
hassl-3373	272	3	0.1	0.1	NUM
hassl-3373	272	4	(	(	PUNCT
hassl-3373	272	5	or	or	CCONJ
hassl-3373	272	6	*	*	PUNCT
hassl-3373	272	7	t	t	X
hassl-3373	272	8	>	>	X
hassl-3373	272	9	1.645	1.645	NUM
hassl-3373	272	10	)	)	PUNCT
hassl-3373	272	11	,	,	PUNCT
hassl-3373	272	12	*	*	PUNCT
hassl-3373	272	13	*	*	PUNCT
hassl-3373	273	1	p	p	X
hassl-3373	273	2	>	>	X
hassl-3373	273	3	0.05	0.05	NUM
hassl-3373	273	4	(	(	PUNCT
hassl-3373	273	5	or	or	CCONJ
hassl-3373	273	6	*	*	PUNCT
hassl-3373	273	7	*	*	PROPN
hassl-3373	273	8	t	t	X
hassl-3373	273	9	>	>	X
hassl-3373	273	10	1.960	1.960	NUM
hassl-3373	273	11	)	)	PUNCT
hassl-3373	273	12	,	,	PUNCT
hassl-3373	273	13	*	*	PUNCT
hassl-3373	273	14	*	*	PUNCT
hassl-3373	273	15	*	*	PUNCT
hassl-3373	274	1	p	p	X
hassl-3373	274	2	>	>	X
hassl-3373	274	3	0.01	0.01	NUM
hassl-3373	274	4	(	(	PUNCT
hassl-3373	274	5	or	or	CCONJ
hassl-3373	274	6	*	*	PUNCT
hassl-3373	274	7	*	*	PUNCT
hassl-3373	274	8	*	*	PUNCT
hassl-3373	274	9	t	t	X
hassl-3373	274	10	>	>	X
hassl-3373	274	11	2.326	2.326	NUM
hassl-3373	274	12	)	)	PUNCT
hassl-3373	274	13	,	,	PUNCT
hassl-3373	274	14	significance	significance	NOUN
hassl-3373	274	15	at	at	ADP
hassl-3373	274	16	10	10	NUM
hassl-3373	274	17	%	%	NOUN
hassl-3373	274	18	,	,	PUNCT
hassl-3373	274	19	5	5	NUM
hassl-3373	274	20	%	%	NOUN
hassl-3373	274	21	and	and	CCONJ
hassl-3373	274	22	1	1	NUM
hassl-3373	274	23	%	%	NOUN
hassl-3373	274	24	.	.	PUNCT
hassl-3373	275	1	equation	equation	NOUN
hassl-3373	275	2	4	4	NUM
hassl-3373	275	3	:	:	PUNCT
hassl-3373	275	4	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	276	1	=	=	X
hassl-3373	276	2	𝛽0	𝛽0	ADJ
hassl-3373	276	3	+	+	CCONJ
hassl-3373	276	4	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀𝑖,𝑡	PROPN
hassl-3373	276	5	+	+	CCONJ
hassl-3373	276	6	𝛽2𝑀𝐼𝐿𝐿𝑆𝐼,𝑇	𝛽2𝑀𝐼𝐿𝐿𝑆𝐼,𝑇	NUM
hassl-3373	276	7	+	+	CCONJ
hassl-3373	276	8	𝛽3𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	ADJ
hassl-3373	276	9	+	+	NUM
hassl-3373	276	10	𝛽4𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽4𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	276	11	+	+	CCONJ
hassl-3373	276	12	𝛽5𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽5𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	276	13	+	+	CCONJ
hassl-3373	276	14	𝛽6𝑅𝑀𝐶𝐼,𝑇	𝛽6𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	276	15	+	+	NUM
hassl-3373	276	16	𝛽7𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽7𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	ADJ
hassl-3373	276	17	+	+	CCONJ
hassl-3373	276	18	𝛽8𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽8𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	PROPN
hassl-3373	276	19	+	+	CCONJ
hassl-3373	276	20	𝛽9𝐿𝐸𝑉𝐼,𝑇	𝛽9𝐿𝐸𝑉𝐼,𝑇	NOUN
hassl-3373	276	21	+	+	CCONJ
hassl-3373	276	22	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	276	23	+	+	CCONJ
hassl-3373	276	24	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	276	25	+	+	CCONJ
hassl-3373	276	26	𝛽12𝑃𝑃𝐸𝐼,𝑇	𝛽12𝑃𝑃𝐸𝐼,𝑇	NOUN
hassl-3373	276	27	+	+	SYM
hassl-3373	276	28	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	ADJ
hassl-3373	276	29	+	+	CCONJ
hassl-3373	276	30	𝛽14𝑅𝑁𝐷𝐼,𝑇	𝛽14𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	276	31	+	+	X
hassl-3373	276	32	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	NOUN
hassl-3373	276	33	+	+	X
hassl-3373	276	34	𝜀𝑖,𝑡	𝜀𝑖,𝑡	VERB
hassl-3373	276	35	meanwhile	meanwhile	ADV
hassl-3373	276	36	,	,	PUNCT
hassl-3373	276	37	in	in	ADP
hassl-3373	276	38	the	the	DET
hassl-3373	276	39	relationship	relationship	NOUN
hassl-3373	276	40	between	between	ADP
hassl-3373	276	41	china	china	PROPN
hassl-3373	276	42	exposure	exposure	NOUN
hassl-3373	276	43	and	and	CCONJ
hassl-3373	276	44	firm	firm	ADJ
hassl-3373	276	45	value	value	NOUN
hassl-3373	276	46	,	,	PUNCT
hassl-3373	276	47	the	the	DET
hassl-3373	276	48	empirical	empirical	ADJ
hassl-3373	276	49	model	model	NOUN
hassl-3373	276	50	for	for	ADP
hassl-3373	276	51	the	the	DET
hassl-3373	276	52	heckman	heckman	PROPN
hassl-3373	276	53	two	two	NUM
hassl-3373	276	54	-	-	PUNCT
hassl-3373	276	55	stage	stage	NOUN
hassl-3373	276	56	regression	regression	NOUN
hassl-3373	276	57	is	be	AUX
hassl-3373	276	58	as	as	SCONJ
hassl-3373	276	59	follows	follow	VERB
hassl-3373	276	60	:	:	PUNCT
hassl-3373	276	61	equation	equation	NOUN
hassl-3373	276	62	5	5	NUM
hassl-3373	276	63	:	:	PUNCT
hassl-3373	276	64	𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	NOUN
hassl-3373	276	65	=	=	SYM
hassl-3373	276	66	𝛽0	𝛽0	ADJ
hassl-3373	276	67	+	+	CCONJ
hassl-3373	276	68	𝛽1𝐴𝑉𝐸𝐶𝐻𝐼𝑁𝑖,𝑡	𝛽1𝐴𝑉𝐸𝐶𝐻𝐼𝑁𝑖,𝑡	PROPN
hassl-3373	276	69	+	+	NUM
hassl-3373	276	70	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽2𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NOUN
hassl-3373	276	71	+	+	CCONJ
hassl-3373	276	72	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	276	73	+	+	NUM
hassl-3373	276	74	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽4𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	276	75	+	+	CCONJ
hassl-3373	276	76	𝛽5𝑅𝑀𝐶𝐼,𝑇	𝛽5𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	276	77	+	+	NUM
hassl-3373	276	78	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽6𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	NUM
hassl-3373	276	79	+	+	CCONJ
hassl-3373	276	80	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽7𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	276	81	+	+	SYM
hassl-3373	276	82	𝛽8𝐿𝐸𝑉𝐼,𝑇	𝛽8𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	276	83	+	+	CCONJ
hassl-3373	276	84	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽9𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	276	85	+	+	SYM
hassl-3373	276	86	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽10𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	276	87	+	+	CCONJ
hassl-3373	276	88	𝛽11𝑃𝑃𝐸𝐼,𝑇	𝛽11𝑃𝑃𝐸𝐼,𝑇	ADJ
hassl-3373	276	89	+	+	CCONJ
hassl-3373	276	90	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽12𝑁𝐶𝐹𝑂𝐼,𝑇	NOUN
hassl-3373	276	91	+	+	CCONJ
hassl-3373	276	92	𝛽13𝑅𝑁𝐷𝐼,𝑇	𝛽13𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	276	93	+	+	CCONJ
hassl-3373	276	94	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽14𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	PROPN
hassl-3373	276	95	+	+	CCONJ
hassl-3373	276	96	𝜀𝑖,𝑡	𝜀𝑖,𝑡	VERB
hassl-3373	276	97	equation	equation	NOUN
hassl-3373	276	98	6	6	NUM
hassl-3373	276	99	:	:	PUNCT
hassl-3373	276	100	humanities	humanity	NOUN
hassl-3373	276	101	and	and	CCONJ
hassl-3373	276	102	social	social	ADJ
hassl-3373	276	103	sciences	science	NOUN
hassl-3373	276	104	letters	letter	NOUN
hassl-3373	276	105	,	,	PUNCT
hassl-3373	276	106	2023	2023	NUM
hassl-3373	276	107	,	,	PUNCT
hassl-3373	276	108	11(2	11(2	NUM
hassl-3373	276	109	):	):	PUNCT
hassl-3373	276	110	213	213	NUM
hassl-3373	276	111	-	-	SYM
hassl-3373	276	112	227	227	NUM
hassl-3373	276	113	223	223	NUM
hassl-3373	276	114	©	©	ADP
hassl-3373	276	115	2023	2023	NUM
hassl-3373	276	116	conscientia	conscientia	PROPN
hassl-3373	276	117	beam	beam	PROPN
hassl-3373	276	118	.	.	PUNCT
hassl-3373	277	1	all	all	DET
hassl-3373	277	2	rights	right	NOUN
hassl-3373	277	3	reserved	reserve	VERB
hassl-3373	277	4	.	.	PUNCT
hassl-3373	277	5	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	278	1	=	=	X
hassl-3373	278	2	𝛽0	𝛽0	ADJ
hassl-3373	278	3	+	+	CCONJ
hassl-3373	278	4	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝑖,𝑡	PROPN
hassl-3373	278	5	+	+	X
hassl-3373	278	6	𝛽2𝑀𝐼𝐿𝐿𝑆𝐼,𝑇	𝛽2𝑀𝐼𝐿𝐿𝑆𝐼,𝑇	NUM
hassl-3373	278	7	+	+	CCONJ
hassl-3373	278	8	𝛽3𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽3𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	ADJ
hassl-3373	278	9	+	+	NUM
hassl-3373	278	10	𝛽4𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽4𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	278	11	+	+	CCONJ
hassl-3373	278	12	𝛽5𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽5𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NUM
hassl-3373	278	13	+	+	CCONJ
hassl-3373	278	14	𝛽6𝑅𝑀𝐶𝐼,𝑇	𝛽6𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	278	15	+	+	NUM
hassl-3373	278	16	𝛽7𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽7𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	ADJ
hassl-3373	278	17	+	+	CCONJ
hassl-3373	278	18	𝛽8𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽8𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	PROPN
hassl-3373	278	19	+	+	CCONJ
hassl-3373	278	20	𝛽9𝐿𝐸𝑉𝐼,𝑇	𝛽9𝐿𝐸𝑉𝐼,𝑇	NOUN
hassl-3373	278	21	+	+	CCONJ
hassl-3373	278	22	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	278	23	+	+	CCONJ
hassl-3373	278	24	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	278	25	+	+	CCONJ
hassl-3373	278	26	𝛽12𝑃𝑃𝐸𝐼,𝑇	𝛽12𝑃𝑃𝐸𝐼,𝑇	NOUN
hassl-3373	278	27	+	+	SYM
hassl-3373	278	28	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	ADJ
hassl-3373	278	29	+	+	CCONJ
hassl-3373	278	30	𝛽14𝑅𝑁𝐷𝐼,𝑇	𝛽14𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	278	31	+	+	CCONJ
hassl-3373	278	32	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	NOUN
hassl-3373	278	33	+	+	X
hassl-3373	278	34	𝜀𝑖,𝑡	𝜀𝑖,𝑡	X
hassl-3373	278	35	(	(	PUNCT
hassl-3373	278	36	6	6	NUM
hassl-3373	278	37	)	)	PUNCT
hassl-3373	278	38	equations	equation	NOUN
hassl-3373	278	39	3	3	NUM
hassl-3373	278	40	and	and	CCONJ
hassl-3373	278	41	5	5	NUM
hassl-3373	278	42	are	be	AUX
hassl-3373	278	43	used	use	VERB
hassl-3373	278	44	as	as	ADP
hassl-3373	278	45	first	first	ADJ
hassl-3373	278	46	stage	stage	NOUN
hassl-3373	278	47	probit	probit	NOUN
hassl-3373	278	48	regression	regression	NOUN
hassl-3373	278	49	,	,	PUNCT
hassl-3373	278	50	while	while	SCONJ
hassl-3373	278	51	equations	equation	NOUN
hassl-3373	278	52	4	4	NUM
hassl-3373	278	53	and	and	CCONJ
hassl-3373	278	54	6	6	NUM
hassl-3373	278	55	are	be	AUX
hassl-3373	278	56	the	the	DET
hassl-3373	278	57	second	second	ADJ
hassl-3373	278	58	stage	stage	NOUN
hassl-3373	278	59	regressions	regression	NOUN
hassl-3373	278	60	.	.	PUNCT
hassl-3373	279	1	the	the	DET
hassl-3373	279	2	mills	mill	NOUN
hassl-3373	279	3	variable	variable	NOUN
hassl-3373	279	4	is	be	AUX
hassl-3373	279	5	the	the	DET
hassl-3373	279	6	inverse	inverse	NOUN
hassl-3373	279	7	mills	mill	NOUN
hassl-3373	279	8	ratio	ratio	NOUN
hassl-3373	279	9	,	,	PUNCT
hassl-3373	279	10	resulting	result	VERB
hassl-3373	279	11	from	from	ADP
hassl-3373	279	12	the	the	DET
hassl-3373	279	13	probit	probit	NOUN
hassl-3373	279	14	regression	regression	NOUN
hassl-3373	279	15	between	between	ADP
hassl-3373	279	16	interested	interested	ADJ
hassl-3373	279	17	and	and	CCONJ
hassl-3373	279	18	instrumental	instrumental	ADJ
hassl-3373	279	19	variables	variable	NOUN
hassl-3373	279	20	in	in	ADP
hassl-3373	279	21	equations	equation	NOUN
hassl-3373	279	22	3	3	NUM
hassl-3373	279	23	or	or	CCONJ
hassl-3373	279	24	5	5	NUM
hassl-3373	279	25	.	.	PUNCT
hassl-3373	279	26	to	to	PART
hassl-3373	279	27	fulfill	fulfill	VERB
hassl-3373	279	28	the	the	DET
hassl-3373	279	29	ideal	ideal	ADJ
hassl-3373	279	30	heckman	heckman	PROPN
hassl-3373	279	31	two	two	NUM
hassl-3373	279	32	-	-	PUNCT
hassl-3373	279	33	stage	stage	NOUN
hassl-3373	279	34	test	test	NOUN
hassl-3373	279	35	,	,	PUNCT
hassl-3373	279	36	the	the	DET
hassl-3373	279	37	mills	mill	NOUN
hassl-3373	279	38	value	value	NOUN
hassl-3373	279	39	of	of	ADP
hassl-3373	279	40	each	each	DET
hassl-3373	279	41	model	model	NOUN
hassl-3373	279	42	must	must	AUX
hassl-3373	279	43	be	be	AUX
hassl-3373	279	44	insignificant	insignificant	ADJ
hassl-3373	279	45	,	,	PUNCT
hassl-3373	279	46	and	and	CCONJ
hassl-3373	279	47	our	our	PRON
hassl-3373	279	48	results	result	NOUN
hassl-3373	279	49	show	show	VERB
hassl-3373	279	50	that	that	SCONJ
hassl-3373	279	51	the	the	DET
hassl-3373	279	52	mills	mill	NOUN
hassl-3373	279	53	variable	variable	NOUN
hassl-3373	279	54	is	be	AUX
hassl-3373	279	55	not	not	PART
hassl-3373	279	56	significant	significant	ADJ
hassl-3373	279	57	.	.	PUNCT
hassl-3373	280	1	the	the	DET
hassl-3373	280	2	results	result	NOUN
hassl-3373	280	3	of	of	ADP
hassl-3373	280	4	the	the	DET
hassl-3373	280	5	heckman	heckman	PROPN
hassl-3373	280	6	two	two	NUM
hassl-3373	280	7	-	-	PUNCT
hassl-3373	280	8	stage	stage	NOUN
hassl-3373	280	9	test	test	NOUN
hassl-3373	280	10	are	be	AUX
hassl-3373	280	11	reported	report	VERB
hassl-3373	280	12	in	in	ADP
hassl-3373	280	13	table	table	NOUN
hassl-3373	280	14	7	7	NUM
hassl-3373	280	15	.	.	PUNCT
hassl-3373	280	16	table	table	NOUN
hassl-3373	280	17	7	7	NUM
hassl-3373	280	18	.	.	PUNCT
hassl-3373	281	1	heckman	heckman	PROPN
hassl-3373	281	2	two	two	NUM
hassl-3373	281	3	-	-	PUNCT
hassl-3373	281	4	stage	stage	NOUN
hassl-3373	281	5	test	test	NOUN
hassl-3373	281	6	results	result	NOUN
hassl-3373	281	7	.	.	PUNCT
hassl-3373	282	1	panel	panel	NOUN
hassl-3373	282	2	a	a	DET
hassl-3373	282	3	:	:	PUNCT
hassl-3373	282	4	first	first	ADJ
hassl-3373	282	5	stage	stage	NOUN
hassl-3373	282	6	variable	variable	NOUN
hassl-3373	282	7	-1	-1	INTJ
hassl-3373	282	8	covdum	covdum	INTJ
hassl-3373	283	1	-2	-2	INTJ
hassl-3373	283	2	dumchina	dumchina	PROPN
hassl-3373	283	3	covdum	covdum	PROPN
hassl-3373	283	4	avecov	avecov	ADV
hassl-3373	283	5	3.073	3.073	NUM
hassl-3373	283	6	(	(	PUNCT
hassl-3373	283	7	1.31	1.31	NUM
hassl-3373	283	8	)	)	PUNCT
hassl-3373	283	9	dumchina	dumchina	NOUN
hassl-3373	283	10	avechin	avechin	VERB
hassl-3373	283	11	1.600	1.600	NUM
hassl-3373	283	12	(	(	PUNCT
hassl-3373	283	13	0.10	0.10	NUM
hassl-3373	283	14	)	)	PUNCT
hassl-3373	283	15	dirsize	dirsize	NOUN
hassl-3373	283	16	-0.058	-0.058	PUNCT
hassl-3373	283	17	(	(	PUNCT
hassl-3373	283	18	-1.24	-1.24	NOUN
hassl-3373	283	19	)	)	PUNCT
hassl-3373	283	20	0.083	0.083	NUM
hassl-3373	283	21	(	(	PUNCT
hassl-3373	283	22	1.51	1.51	NUM
hassl-3373	283	23	)	)	PUNCT
hassl-3373	283	24	comsize	comsize	NOUN
hassl-3373	283	25	-0.037	-0.037	PUNCT
hassl-3373	283	26	(	(	PUNCT
hassl-3373	283	27	-0.73	-0.73	X
hassl-3373	283	28	)	)	PUNCT
hassl-3373	283	29	-0.063	-0.063	NOUN
hassl-3373	283	30	(	(	PUNCT
hassl-3373	283	31	-0.95	-0.95	NOUN
hassl-3373	283	32	)	)	PUNCT
hassl-3373	283	33	aucom	aucom	NOUN
hassl-3373	283	34	0.128	0.128	NUM
hassl-3373	283	35	(	(	PUNCT
hassl-3373	283	36	0.53	0.53	NUM
hassl-3373	283	37	)	)	PUNCT
hassl-3373	283	38	-0.237	-0.237	PUNCT
hassl-3373	283	39	(	(	PUNCT
hassl-3373	283	40	-0.98	-0.98	X
hassl-3373	283	41	)	)	PUNCT
hassl-3373	283	42	rmc	rmc	PROPN
hassl-3373	283	43	0.110	0.110	NUM
hassl-3373	283	44	(	(	PUNCT
hassl-3373	283	45	0.59	0.59	NUM
hassl-3373	283	46	)	)	PUNCT
hassl-3373	283	47	-0.124	-0.124	PUNCT
hassl-3373	284	1	(	(	PUNCT
hassl-3373	284	2	-0.63	-0.63	NOUN
hassl-3373	284	3	)	)	PUNCT
hassl-3373	284	4	lnfirmage	lnfirmage	NOUN
hassl-3373	284	5	0.139	0.139	NUM
hassl-3373	284	6	(	(	PUNCT
hassl-3373	284	7	1.10	1.10	NUM
hassl-3373	284	8	)	)	PUNCT
hassl-3373	284	9	0.068	0.068	NUM
hassl-3373	284	10	(	(	PUNCT
hassl-3373	284	11	0.51	0.51	NUM
hassl-3373	284	12	)	)	PUNCT
hassl-3373	284	13	fsize	fsize	NOUN
hassl-3373	284	14	0.164	0.164	NUM
hassl-3373	284	15	*	*	SYM
hassl-3373	284	16	*	*	PUNCT
hassl-3373	284	17	(	(	PUNCT
hassl-3373	284	18	2.01	2.01	NUM
hassl-3373	284	19	)	)	PUNCT
hassl-3373	284	20	0.165	0.165	NUM
hassl-3373	284	21	*	*	PUNCT
hassl-3373	284	22	(	(	PUNCT
hassl-3373	284	23	1.87	1.87	NUM
hassl-3373	284	24	)	)	PUNCT
hassl-3373	284	25	lev	lev	NOUN
hassl-3373	284	26	0.029	0.029	NUM
hassl-3373	284	27	(	(	PUNCT
hassl-3373	284	28	0.14	0.14	NUM
hassl-3373	284	29	)	)	PUNCT
hassl-3373	284	30	0.252	0.252	NUM
hassl-3373	284	31	(	(	PUNCT
hassl-3373	284	32	1.22	1.22	NUM
hassl-3373	284	33	)	)	PUNCT
hassl-3373	284	34	lncash	lncash	NOUN
hassl-3373	284	35	0.013	0.013	NUM
hassl-3373	284	36	(	(	PUNCT
hassl-3373	284	37	0.22	0.22	NUM
hassl-3373	284	38	)	)	PUNCT
hassl-3373	284	39	0.117	0.117	NUM
hassl-3373	284	40	*	*	SYM
hassl-3373	284	41	(	(	PUNCT
hassl-3373	284	42	1.96	1.96	NUM
hassl-3373	284	43	)	)	PUNCT
hassl-3373	284	44	growth	growth	NOUN
hassl-3373	284	45	0.000	0.000	NUM
hassl-3373	284	46	(	(	PUNCT
hassl-3373	284	47	0.82	0.82	NUM
hassl-3373	284	48	)	)	PUNCT
hassl-3373	284	49	-0.000	-0.000	PUNCT
hassl-3373	284	50	(	(	PUNCT
hassl-3373	284	51	-0.21	-0.21	X
hassl-3373	284	52	)	)	PUNCT
hassl-3373	284	53	ppe	ppe	NOUN
hassl-3373	284	54	-0.402	-0.402	PROPN
hassl-3373	284	55	(	(	PUNCT
hassl-3373	284	56	-1.26	-1.26	NUM
hassl-3373	284	57	)	)	PUNCT
hassl-3373	284	58	-0.073	-0.073	PUNCT
hassl-3373	284	59	(	(	PUNCT
hassl-3373	284	60	-0.21	-0.21	X
hassl-3373	284	61	)	)	PUNCT
hassl-3373	284	62	ncfo	ncfo	NOUN
hassl-3373	284	63	-0.000	-0.000	PROPN
hassl-3373	284	64	*	*	PUNCT
hassl-3373	284	65	(	(	PUNCT
hassl-3373	284	66	-1.84	-1.84	NOUN
hassl-3373	284	67	)	)	PUNCT
hassl-3373	284	68	-0.000	-0.000	PUNCT
hassl-3373	284	69	(	(	PUNCT
hassl-3373	284	70	-0.75	-0.75	X
hassl-3373	284	71	)	)	PUNCT
hassl-3373	284	72	rnd	rnd	NOUN
hassl-3373	284	73	-0.000	-0.000	PUNCT
hassl-3373	284	74	(	(	PUNCT
hassl-3373	284	75	-1.00	-1.00	NOUN
hassl-3373	284	76	)	)	PUNCT
hassl-3373	284	77	-0.000	-0.000	PUNCT
hassl-3373	285	1	*	*	PUNCT
hassl-3373	285	2	*	*	PUNCT
hassl-3373	285	3	(	(	PUNCT
hassl-3373	285	4	-2.01	-2.01	NOUN
hassl-3373	285	5	)	)	PUNCT
hassl-3373	285	6	intercept	intercept	NOUN
hassl-3373	285	7	-6.964	-6.964	NOUN
hassl-3373	285	8	*	*	PUNCT
hassl-3373	285	9	*	*	PUNCT
hassl-3373	285	10	*	*	PUNCT
hassl-3373	285	11	(	(	PUNCT
hassl-3373	285	12	-2.87	-2.87	NUM
hassl-3373	285	13	)	)	PUNCT
hassl-3373	285	14	-7.724	-7.724	PUNCT
hassl-3373	286	1	(	(	PUNCT
hassl-3373	286	2	-0.60	-0.60	NUM
hassl-3373	286	3	)	)	PUNCT
hassl-3373	286	4	industry	industry	NOUN
hassl-3373	286	5	fixed	fix	VERB
hassl-3373	286	6	effect	effect	NOUN
hassl-3373	286	7	included	include	VERB
hassl-3373	286	8	included	include	VERB
hassl-3373	286	9	r2_p	r2_p	NOUN
hassl-3373	286	10	0.049	0.049	NUM
hassl-3373	287	1	0.123	0.123	NUM
hassl-3373	287	2	n	n	CCONJ
hassl-3373	287	3	431	431	NUM
hassl-3373	287	4	416	416	NUM
hassl-3373	287	5	panel	panel	NOUN
hassl-3373	287	6	b.	b.	PROPN
hassl-3373	287	7	second	second	ADJ
hassl-3373	287	8	stage	stage	NOUN
hassl-3373	287	9	variable	variable	NOUN
hassl-3373	287	10	-1	-1	PUNCT
hassl-3373	287	11	mtb	mtb	PROPN
hassl-3373	287	12	-2	-2	INTJ
hassl-3373	287	13	mtb	mtb	NOUN
hassl-3373	287	14	covdum	covdum	NOUN
hassl-3373	287	15	1.182	1.182	NUM
hassl-3373	287	16	*	*	NOUN
hassl-3373	287	17	*	*	PUNCT
hassl-3373	287	18	*	*	PUNCT
hassl-3373	287	19	(	(	PUNCT
hassl-3373	287	20	2.78	2.78	NUM
hassl-3373	287	21	)	)	PUNCT
hassl-3373	287	22	dumchina	dumchina	NOUN
hassl-3373	287	23	0.910	0.910	NUM
hassl-3373	287	24	*	*	PUNCT
hassl-3373	287	25	(	(	PUNCT
hassl-3373	287	26	1.72	1.72	NUM
hassl-3373	287	27	)	)	PUNCT
hassl-3373	287	28	mills	mill	NOUN
hassl-3373	287	29	12.307	12.307	NUM
hassl-3373	287	30	(	(	PUNCT
hassl-3373	287	31	0.71	0.71	NUM
hassl-3373	287	32	)	)	PUNCT
hassl-3373	287	33	4.547	4.547	NUM
hassl-3373	287	34	(	(	PUNCT
hassl-3373	287	35	1.03	1.03	NUM
hassl-3373	287	36	)	)	PUNCT
hassl-3373	287	37	dirsize	dirsize	NOUN
hassl-3373	287	38	-0.257	-0.257	PUNCT
hassl-3373	287	39	(	(	PUNCT
hassl-3373	287	40	-0.82	-0.82	NUM
hassl-3373	287	41	)	)	PUNCT
hassl-3373	287	42	0.121	0.121	NUM
hassl-3373	287	43	(	(	PUNCT
hassl-3373	287	44	0.71	0.71	NUM
hassl-3373	287	45	)	)	PUNCT
hassl-3373	287	46	comsize	comsize	NOUN
hassl-3373	287	47	-0.196	-0.196	PROPN
hassl-3373	287	48	(	(	PUNCT
hassl-3373	287	49	-0.51	-0.51	NOUN
hassl-3373	287	50	)	)	PUNCT
hassl-3373	287	51	-0.092	-0.092	PUNCT
hassl-3373	287	52	(	(	PUNCT
hassl-3373	287	53	-0.44	-0.44	NUM
hassl-3373	287	54	)	)	PUNCT
hassl-3373	287	55	aucom	aucom	NOUN
hassl-3373	287	56	1.397	1.397	NUM
hassl-3373	287	57	(	(	PUNCT
hassl-3373	287	58	1.50	1.50	NUM
hassl-3373	287	59	)	)	PUNCT
hassl-3373	287	60	0.472	0.472	NUM
hassl-3373	287	61	(	(	PUNCT
hassl-3373	287	62	0.98	0.98	NUM
hassl-3373	287	63	)	)	PUNCT
hassl-3373	287	64	humanities	humanity	NOUN
hassl-3373	287	65	and	and	CCONJ
hassl-3373	287	66	social	social	ADJ
hassl-3373	287	67	sciences	science	NOUN
hassl-3373	287	68	letters	letter	NOUN
hassl-3373	287	69	,	,	PUNCT
hassl-3373	287	70	2023	2023	NUM
hassl-3373	287	71	,	,	PUNCT
hassl-3373	287	72	11(2	11(2	NUM
hassl-3373	287	73	):	):	PUNCT
hassl-3373	287	74	213	213	NUM
hassl-3373	287	75	-	-	SYM
hassl-3373	287	76	227	227	NUM
hassl-3373	287	77	224	224	NUM
hassl-3373	287	78	©	©	PROPN
hassl-3373	287	79	2023	2023	NUM
hassl-3373	287	80	conscientia	conscientia	PROPN
hassl-3373	287	81	beam	beam	PROPN
hassl-3373	287	82	.	.	PUNCT
hassl-3373	288	1	all	all	DET
hassl-3373	288	2	rights	right	NOUN
hassl-3373	288	3	reserved	reserve	VERB
hassl-3373	288	4	.	.	PUNCT
hassl-3373	289	1	rmc	rmc	PROPN
hassl-3373	289	2	-0.309	-0.309	NOUN
hassl-3373	289	3	(	(	PUNCT
hassl-3373	289	4	-0.41	-0.41	NOUN
hassl-3373	289	5	)	)	PUNCT
hassl-3373	289	6	-1.035	-1.035	NOUN
hassl-3373	289	7	*	*	PUNCT
hassl-3373	289	8	*	*	PUNCT
hassl-3373	289	9	*	*	PUNCT
hassl-3373	289	10	(	(	PUNCT
hassl-3373	289	11	-2.71	-2.71	NOUN
hassl-3373	289	12	)	)	PUNCT
hassl-3373	289	13	lnfirmage	lnfirmage	NOUN
hassl-3373	289	14	0.061	0.061	NUM
hassl-3373	289	15	(	(	PUNCT
hassl-3373	289	16	0.06	0.06	NUM
hassl-3373	289	17	)	)	PUNCT
hassl-3373	289	18	-0.567	-0.567	PROPN
hassl-3373	289	19	(	(	PUNCT
hassl-3373	289	20	-1.29	-1.29	PROPN
hassl-3373	289	21	)	)	PUNCT
hassl-3373	289	22	fsize	fsize	NOUN
hassl-3373	289	23	0.421	0.421	NUM
hassl-3373	289	24	(	(	PUNCT
hassl-3373	289	25	0.42	0.42	NUM
hassl-3373	289	26	)	)	PUNCT
hassl-3373	289	27	-0.069	-0.069	PUNCT
hassl-3373	289	28	(	(	PUNCT
hassl-3373	289	29	-0.15	-0.15	NUM
hassl-3373	289	30	)	)	PUNCT
hassl-3373	289	31	lev	lev	NOUN
hassl-3373	289	32	-0.079	-0.079	PUNCT
hassl-3373	289	33	(	(	PUNCT
hassl-3373	289	34	-0.10	-0.10	NUM
hassl-3373	289	35	)	)	PUNCT
hassl-3373	289	36	0.138	0.138	NUM
hassl-3373	289	37	(	(	PUNCT
hassl-3373	289	38	0.18	0.18	NUM
hassl-3373	289	39	)	)	PUNCT
hassl-3373	289	40	lncash	lncash	NOUN
hassl-3373	289	41	0.038	0.038	NUM
hassl-3373	289	42	(	(	PUNCT
hassl-3373	289	43	0.15	0.15	NUM
hassl-3373	289	44	)	)	PUNCT
hassl-3373	289	45	0.147	0.147	NUM
hassl-3373	289	46	(	(	PUNCT
hassl-3373	289	47	0.60	0.60	NUM
hassl-3373	289	48	)	)	PUNCT
hassl-3373	289	49	growth	growth	NOUN
hassl-3373	289	50	0.000	0.000	NUM
hassl-3373	289	51	(	(	PUNCT
hassl-3373	289	52	0.98	0.98	NUM
hassl-3373	289	53	)	)	PUNCT
hassl-3373	289	54	0.000	0.000	NUM
hassl-3373	289	55	(	(	PUNCT
hassl-3373	289	56	0.50	0.50	NUM
hassl-3373	289	57	)	)	PUNCT
hassl-3373	289	58	ppe	ppe	PROPN
hassl-3373	289	59	0.262	0.262	NUM
hassl-3373	289	60	(	(	PUNCT
hassl-3373	289	61	0.10	0.10	NUM
hassl-3373	289	62	)	)	PUNCT
hassl-3373	289	63	1.870	1.870	NUM
hassl-3373	289	64	(	(	PUNCT
hassl-3373	289	65	1.53	1.53	NUM
hassl-3373	289	66	)	)	PUNCT
hassl-3373	289	67	ncfo	ncfo	ADJ
hassl-3373	289	68	-0.000	-0.000	PRON
hassl-3373	289	69	(	(	PUNCT
hassl-3373	289	70	-0.13	-0.13	NUM
hassl-3373	289	71	)	)	PUNCT
hassl-3373	289	72	0.000	0.000	NUM
hassl-3373	289	73	(	(	PUNCT
hassl-3373	289	74	0.97	0.97	NUM
hassl-3373	289	75	)	)	PUNCT
hassl-3373	289	76	rnd	rnd	NOUN
hassl-3373	289	77	0.000	0.000	NUM
hassl-3373	289	78	(	(	PUNCT
hassl-3373	289	79	0.55	0.55	NUM
hassl-3373	289	80	)	)	PUNCT
hassl-3373	289	81	0.000	0.000	NUM
hassl-3373	289	82	(	(	PUNCT
hassl-3373	289	83	0.70	0.70	NUM
hassl-3373	289	84	)	)	PUNCT
hassl-3373	289	85	intercept	intercept	NOUN
hassl-3373	289	86	-18.076	-18.076	PRON
hassl-3373	289	87	(	(	PUNCT
hassl-3373	289	88	-0.47	-0.47	X
hassl-3373	289	89	)	)	PUNCT
hassl-3373	289	90	-2.136	-2.136	NUM
hassl-3373	289	91	(	(	PUNCT
hassl-3373	289	92	-0.14	-0.14	NOUN
hassl-3373	289	93	)	)	PUNCT
hassl-3373	289	94	industry	industry	NOUN
hassl-3373	289	95	fixed	fix	VERB
hassl-3373	289	96	effect	effect	NOUN
hassl-3373	289	97	included	include	VERB
hassl-3373	289	98	included	include	VERB
hassl-3373	289	99	adjusted	adjust	VERB
hassl-3373	289	100	r2	r2	PROPN
hassl-3373	289	101	0.043	0.043	NUM
hassl-3373	289	102	0.035	0.035	NUM
hassl-3373	289	103	n	n	CCONJ
hassl-3373	289	104	430	430	NUM
hassl-3373	289	105	415	415	NUM
hassl-3373	289	106	note	note	NOUN
hassl-3373	289	107	:	:	PUNCT
hassl-3373	289	108	table	table	NOUN
hassl-3373	289	109	7	7	NUM
hassl-3373	289	110	reports	report	VERB
hassl-3373	289	111	the	the	DET
hassl-3373	289	112	results	result	NOUN
hassl-3373	289	113	of	of	ADP
hassl-3373	289	114	the	the	DET
hassl-3373	289	115	two	two	NUM
hassl-3373	289	116	-	-	PUNCT
hassl-3373	289	117	stage	stage	NOUN
hassl-3373	289	118	heckman	heckman	PROPN
hassl-3373	289	119	test	test	NOUN
hassl-3373	289	120	on	on	ADP
hassl-3373	289	121	430	430	NUM
hassl-3373	289	122	firm	firm	ADJ
hassl-3373	289	123	-	-	PUNCT
hassl-3373	289	124	year	year	NOUN
hassl-3373	289	125	observations	observation	NOUN
hassl-3373	289	126	for	for	ADP
hassl-3373	289	127	covid-19	covid-19	PROPN
hassl-3373	289	128	exposure	exposure	NOUN
hassl-3373	289	129	and	and	CCONJ
hassl-3373	289	130	415	415	NUM
hassl-3373	289	131	firm	firm	ADJ
hassl-3373	289	132	-	-	PUNCT
hassl-3373	289	133	year	year	NOUN
hassl-3373	289	134	observations	observation	NOUN
hassl-3373	289	135	for	for	ADP
hassl-3373	289	136	china	china	PROPN
hassl-3373	289	137	exposure	exposure	NOUN
hassl-3373	289	138	.	.	PUNCT
hassl-3373	290	1	this	this	DET
hassl-3373	290	2	test	test	NOUN
hassl-3373	290	3	uses	use	VERB
hassl-3373	290	4	the	the	DET
hassl-3373	290	5	instrument	instrument	NOUN
hassl-3373	290	6	variables	variable	NOUN
hassl-3373	290	7	avecov	avecov	ADV
hassl-3373	290	8	and	and	CCONJ
hassl-3373	290	9	avechin	avechin	ADJ
hassl-3373	290	10	.	.	PUNCT
hassl-3373	291	1	this	this	DET
hassl-3373	291	2	analysis	analysis	NOUN
hassl-3373	291	3	uses	use	VERB
hassl-3373	291	4	winsorized	winsorize	VERB
hassl-3373	291	5	data	datum	NOUN
hassl-3373	291	6	at	at	ADP
hassl-3373	291	7	1	1	NUM
hassl-3373	291	8	%	%	NOUN
hassl-3373	291	9	and	and	CCONJ
hassl-3373	291	10	99	99	NUM
hassl-3373	291	11	%	%	NOUN
hassl-3373	291	12	.	.	PUNCT
hassl-3373	292	1	panel	panel	NOUN
hassl-3373	292	2	a	a	DET
hassl-3373	292	3	shows	show	VERB
hassl-3373	292	4	the	the	DET
hassl-3373	292	5	results	result	NOUN
hassl-3373	292	6	of	of	ADP
hassl-3373	292	7	the	the	DET
hassl-3373	292	8	first	first	ADJ
hassl-3373	292	9	stage	stage	NOUN
hassl-3373	292	10	test	test	NOUN
hassl-3373	292	11	and	and	CCONJ
hassl-3373	292	12	panel	panel	NOUN
hassl-3373	292	13	b	b	PROPN
hassl-3373	292	14	shows	show	VERB
hassl-3373	292	15	the	the	DET
hassl-3373	292	16	second	second	ADJ
hassl-3373	292	17	stage	stage	NOUN
hassl-3373	292	18	test	test	NOUN
hassl-3373	292	19	.	.	PUNCT
hassl-3373	293	1	tests	test	NOUN
hassl-3373	293	2	show	show	VERB
hassl-3373	293	3	:	:	PUNCT
hassl-3373	293	4	*	*	PUNCT
hassl-3373	294	1	p	p	X
hassl-3373	294	2	<	<	X
hassl-3373	294	3	0.1	0.1	NUM
hassl-3373	294	4	(	(	PUNCT
hassl-3373	294	5	or	or	CCONJ
hassl-3373	294	6	*	*	PUNCT
hassl-3373	294	7	t	t	X
hassl-3373	294	8	>	>	X
hassl-3373	294	9	1.645	1.645	NUM
hassl-3373	294	10	)	)	PUNCT
hassl-3373	294	11	,	,	PUNCT
hassl-3373	294	12	*	*	PUNCT
hassl-3373	294	13	*	*	PUNCT
hassl-3373	295	1	p	p	X
hassl-3373	295	2	>	>	X
hassl-3373	295	3	0.05	0.05	NUM
hassl-3373	295	4	(	(	PUNCT
hassl-3373	295	5	or	or	CCONJ
hassl-3373	295	6	*	*	PUNCT
hassl-3373	295	7	*	*	PROPN
hassl-3373	295	8	t	t	X
hassl-3373	295	9	>	>	X
hassl-3373	295	10	1.960	1.960	NUM
hassl-3373	295	11	)	)	PUNCT
hassl-3373	295	12	,	,	PUNCT
hassl-3373	295	13	*	*	PUNCT
hassl-3373	295	14	*	*	PUNCT
hassl-3373	295	15	*	*	PUNCT
hassl-3373	296	1	p	p	X
hassl-3373	296	2	>	>	X
hassl-3373	296	3	0.01	0.01	NUM
hassl-3373	296	4	(	(	PUNCT
hassl-3373	296	5	or	or	CCONJ
hassl-3373	296	6	*	*	PUNCT
hassl-3373	296	7	*	*	PUNCT
hassl-3373	296	8	*	*	PUNCT
hassl-3373	296	9	t	t	X
hassl-3373	296	10	>	>	X
hassl-3373	296	11	2.326	2.326	NUM
hassl-3373	296	12	)	)	PUNCT
hassl-3373	296	13	,	,	PUNCT
hassl-3373	296	14	significance	significance	NOUN
hassl-3373	296	15	at	at	ADP
hassl-3373	296	16	10	10	NUM
hassl-3373	296	17	%	%	NOUN
hassl-3373	296	18	,	,	PUNCT
hassl-3373	296	19	5	5	NUM
hassl-3373	296	20	%	%	NOUN
hassl-3373	296	21	and	and	CCONJ
hassl-3373	296	22	1	1	NUM
hassl-3373	296	23	%	%	NOUN
hassl-3373	296	24	.	.	PUNCT
hassl-3373	297	1	the	the	DET
hassl-3373	297	2	results	result	NOUN
hassl-3373	297	3	of	of	ADP
hassl-3373	297	4	the	the	DET
hassl-3373	297	5	heckman	heckman	PROPN
hassl-3373	297	6	two	two	NUM
hassl-3373	297	7	-	-	PUNCT
hassl-3373	297	8	stage	stage	NOUN
hassl-3373	297	9	test	test	NOUN
hassl-3373	297	10	report	report	NOUN
hassl-3373	297	11	that	that	SCONJ
hassl-3373	297	12	the	the	DET
hassl-3373	297	13	results	result	NOUN
hassl-3373	297	14	from	from	ADP
hassl-3373	297	15	the	the	DET
hassl-3373	297	16	main	main	ADJ
hassl-3373	297	17	regression	regression	NOUN
hassl-3373	297	18	are	be	AUX
hassl-3373	297	19	robust	robust	ADJ
hassl-3373	297	20	.	.	PUNCT
hassl-3373	298	1	covid-19	covid-19	PROPN
hassl-3373	298	2	and	and	CCONJ
hassl-3373	298	3	china	china	PROPN
hassl-3373	298	4	exposure	exposure	NOUN
hassl-3373	298	5	have	have	VERB
hassl-3373	298	6	a	a	DET
hassl-3373	298	7	positive	positive	ADJ
hassl-3373	298	8	and	and	CCONJ
hassl-3373	298	9	statistically	statistically	ADV
hassl-3373	298	10	significant	significant	ADJ
hassl-3373	298	11	relationship	relationship	NOUN
hassl-3373	298	12	with	with	ADP
hassl-3373	298	13	firm	firm	ADJ
hassl-3373	298	14	value	value	NOUN
hassl-3373	298	15	.	.	PUNCT
hassl-3373	299	1	this	this	PRON
hassl-3373	299	2	is	be	AUX
hassl-3373	299	3	indicated	indicate	VERB
hassl-3373	299	4	by	by	ADP
hassl-3373	299	5	the	the	DET
hassl-3373	299	6	coefficient	coefficient	NOUN
hassl-3373	299	7	value	value	NOUN
hassl-3373	299	8	of	of	ADP
hassl-3373	299	9	covdum	covdum	NOUN
hassl-3373	299	10	of	of	ADP
hassl-3373	299	11	1.182	1.182	NUM
hassl-3373	299	12	(	(	PUNCT
hassl-3373	299	13	t	t	NOUN
hassl-3373	299	14	=	=	SYM
hassl-3373	299	15	2.78	2.78	NUM
hassl-3373	299	16	)	)	PUNCT
hassl-3373	299	17	,	,	PUNCT
hassl-3373	299	18	which	which	PRON
hassl-3373	299	19	is	be	AUX
hassl-3373	299	20	significant	significant	ADJ
hassl-3373	299	21	at	at	ADP
hassl-3373	299	22	the	the	DET
hassl-3373	299	23	1	1	NUM
hassl-3373	299	24	%	%	NOUN
hassl-3373	299	25	level	level	NOUN
hassl-3373	299	26	,	,	PUNCT
hassl-3373	299	27	and	and	CCONJ
hassl-3373	299	28	the	the	DET
hassl-3373	299	29	coefficient	coefficient	NOUN
hassl-3373	299	30	of	of	ADP
hassl-3373	299	31	dumchina	dumchina	NOUN
hassl-3373	299	32	of	of	ADP
hassl-3373	299	33	0.910	0.910	NUM
hassl-3373	299	34	(	(	PUNCT
hassl-3373	299	35	t	t	NOUN
hassl-3373	299	36	=	=	SYM
hassl-3373	299	37	1.72	1.72	NUM
hassl-3373	299	38	)	)	PUNCT
hassl-3373	299	39	,	,	PUNCT
hassl-3373	299	40	which	which	PRON
hassl-3373	299	41	is	be	AUX
hassl-3373	299	42	significant	significant	ADJ
hassl-3373	299	43	at	at	ADP
hassl-3373	299	44	the	the	DET
hassl-3373	299	45	10	10	NUM
hassl-3373	299	46	%	%	NOUN
hassl-3373	299	47	level	level	NOUN
hassl-3373	299	48	.	.	PUNCT
hassl-3373	300	1	it	it	PRON
hassl-3373	300	2	can	can	AUX
hassl-3373	300	3	be	be	AUX
hassl-3373	300	4	concluded	conclude	VERB
hassl-3373	300	5	that	that	SCONJ
hassl-3373	300	6	there	there	PRON
hassl-3373	300	7	is	be	VERB
hassl-3373	300	8	a	a	DET
hassl-3373	300	9	high	high	ADJ
hassl-3373	300	10	probability	probability	NOUN
hassl-3373	300	11	that	that	SCONJ
hassl-3373	300	12	firm	firm	ADJ
hassl-3373	300	13	value	value	NOUN
hassl-3373	300	14	will	will	AUX
hassl-3373	300	15	increase	increase	VERB
hassl-3373	300	16	when	when	SCONJ
hassl-3373	300	17	a	a	DET
hassl-3373	300	18	company	company	NOUN
hassl-3373	300	19	discloses	disclose	VERB
hassl-3373	300	20	its	its	PRON
hassl-3373	300	21	exposure	exposure	NOUN
hassl-3373	300	22	to	to	ADP
hassl-3373	300	23	the	the	DET
hassl-3373	300	24	covid-19	covid-19	PROPN
hassl-3373	300	25	pandemic	pandemic	NOUN
hassl-3373	300	26	as	as	ADV
hassl-3373	300	27	well	well	ADV
hassl-3373	300	28	as	as	ADP
hassl-3373	300	29	the	the	DET
hassl-3373	300	30	perceived	perceive	VERB
hassl-3373	300	31	exposure	exposure	NOUN
hassl-3373	300	32	to	to	ADP
hassl-3373	300	33	china	china	PROPN
hassl-3373	300	34	's	's	PART
hassl-3373	300	35	activities	activity	NOUN
hassl-3373	300	36	regarding	regard	VERB
hassl-3373	300	37	exports	export	NOUN
hassl-3373	300	38	,	,	PUNCT
hassl-3373	300	39	imports	import	NOUN
hassl-3373	300	40	,	,	PUNCT
hassl-3373	300	41	and	and	CCONJ
hassl-3373	300	42	its	its	PRON
hassl-3373	300	43	activities	activity	NOUN
hassl-3373	300	44	with	with	ADP
hassl-3373	300	45	other	other	ADJ
hassl-3373	300	46	countries	country	NOUN
hassl-3373	300	47	.	.	PUNCT
hassl-3373	301	1	4.5	4.5	NUM
hassl-3373	301	2	.	.	PUNCT
hassl-3373	302	1	additional	additional	ADJ
hassl-3373	302	2	analysis	analysis	NOUN
hassl-3373	302	3	this	this	DET
hassl-3373	302	4	study	study	NOUN
hassl-3373	302	5	uses	use	VERB
hassl-3373	302	6	the	the	DET
hassl-3373	302	7	moderating	moderate	VERB
hassl-3373	302	8	role	role	NOUN
hassl-3373	302	9	of	of	ADP
hassl-3373	302	10	high	high	ADJ
hassl-3373	302	11	leverage	leverage	NOUN
hassl-3373	302	12	in	in	ADP
hassl-3373	302	13	the	the	DET
hassl-3373	302	14	sample	sample	NOUN
hassl-3373	302	15	firms	firm	NOUN
hassl-3373	302	16	for	for	ADP
hassl-3373	302	17	the	the	DET
hassl-3373	302	18	relationship	relationship	NOUN
hassl-3373	302	19	between	between	ADP
hassl-3373	302	20	covid19	covid19	NOUN
hassl-3373	302	21	and	and	CCONJ
hassl-3373	302	22	china	china	PROPN
hassl-3373	302	23	's	's	PART
hassl-3373	302	24	exposure	exposure	NOUN
hassl-3373	302	25	to	to	ADP
hassl-3373	302	26	firm	firm	ADJ
hassl-3373	302	27	value	value	NOUN
hassl-3373	302	28	.	.	PUNCT
hassl-3373	303	1	the	the	DET
hassl-3373	303	2	highlev	highlev	ADJ
hassl-3373	303	3	variable	variable	NOUN
hassl-3373	303	4	is	be	AUX
hassl-3373	303	5	a	a	DET
hassl-3373	303	6	dummy	dummy	ADJ
hassl-3373	303	7	variable	variable	NOUN
hassl-3373	303	8	,	,	PUNCT
hassl-3373	303	9	with	with	ADP
hassl-3373	303	10	a	a	DET
hassl-3373	303	11	value	value	NOUN
hassl-3373	303	12	of	of	ADP
hassl-3373	303	13	1	1	NUM
hassl-3373	303	14	if	if	SCONJ
hassl-3373	303	15	the	the	DET
hassl-3373	303	16	firm	firm	NOUN
hassl-3373	303	17	has	have	VERB
hassl-3373	303	18	a	a	DET
hassl-3373	303	19	leverage	leverage	NOUN
hassl-3373	303	20	value	value	NOUN
hassl-3373	303	21	above	above	ADP
hassl-3373	303	22	the	the	DET
hassl-3373	303	23	median	median	NOUN
hassl-3373	303	24	and	and	CCONJ
hassl-3373	303	25	0	0	NUM
hassl-3373	303	26	if	if	SCONJ
hassl-3373	303	27	it	it	PRON
hassl-3373	303	28	has	have	VERB
hassl-3373	303	29	a	a	DET
hassl-3373	303	30	leverage	leverage	NOUN
hassl-3373	303	31	below	below	ADP
hassl-3373	303	32	the	the	DET
hassl-3373	303	33	median	median	NOUN
hassl-3373	303	34	.	.	PUNCT
hassl-3373	304	1	this	this	DET
hassl-3373	304	2	model	model	NOUN
hassl-3373	304	3	is	be	AUX
hassl-3373	304	4	carried	carry	VERB
hassl-3373	304	5	out	out	ADP
hassl-3373	304	6	using	use	VERB
hassl-3373	304	7	moderate	moderate	ADJ
hassl-3373	304	8	regression	regression	NOUN
hassl-3373	304	9	analysis	analysis	NOUN
hassl-3373	304	10	testing	testing	NOUN
hassl-3373	304	11	using	use	VERB
hassl-3373	304	12	stata	stata	PROPN
hassl-3373	304	13	17.0	17.0	NUM
hassl-3373	304	14	software	software	NOUN
hassl-3373	304	15	.	.	PUNCT
hassl-3373	305	1	this	this	DET
hassl-3373	305	2	additional	additional	ADJ
hassl-3373	305	3	analysis	analysis	NOUN
hassl-3373	305	4	uses	use	VERB
hassl-3373	305	5	the	the	DET
hassl-3373	305	6	following	follow	VERB
hassl-3373	305	7	empirical	empirical	ADJ
hassl-3373	305	8	model	model	NOUN
hassl-3373	305	9	:	:	PUNCT
hassl-3373	305	10	equation	equation	NOUN
hassl-3373	305	11	7	7	NUM
hassl-3373	305	12	:	:	PUNCT
hassl-3373	305	13	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	306	1	=	=	X
hassl-3373	306	2	𝛽0	𝛽0	NOUN
hassl-3373	306	3	+	+	NUM
hassl-3373	306	4	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀	𝛽1𝐶𝑂𝑉𝐷𝑈𝑀	NOUN
hassl-3373	306	5	∗	∗	NOUN
hassl-3373	306	6	𝐻𝐼𝐺𝐻𝐿𝐸𝑉𝑖,𝑡	𝐻𝐼𝐺𝐻𝐿𝐸𝑉𝑖,𝑡	NOUN
hassl-3373	306	7	+	+	CCONJ
hassl-3373	306	8	𝛽2𝐶𝑂𝑉𝐷𝑈𝑀𝐼,𝑇	𝛽2𝐶𝑂𝑉𝐷𝑈𝑀𝐼,𝑇	PROPN
hassl-3373	306	9	+	+	CCONJ
hassl-3373	306	10	𝛽3𝐿𝐸𝑉𝐼,𝑇	𝛽3𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	306	11	+	+	CCONJ
hassl-3373	306	12	𝛽4𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽4𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	306	13	+	+	SYM
hassl-3373	306	14	𝛽5𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽5𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	306	15	+	+	CCONJ
hassl-3373	306	16	𝛽6𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽6𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NOUN
hassl-3373	306	17	+	+	SYM
hassl-3373	306	18	𝛽7𝑅𝑀𝐶𝐼,𝑇	𝛽7𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	306	19	+	+	CCONJ
hassl-3373	306	20	𝛽8𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽8𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	ADJ
hassl-3373	306	21	+	+	CCONJ
hassl-3373	306	22	𝛽9𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽9𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	306	23	+	+	CCONJ
hassl-3373	306	24	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	306	25	+	+	CCONJ
hassl-3373	306	26	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	306	27	+	+	CCONJ
hassl-3373	306	28	𝛽12𝑃𝑃𝐸𝐼,𝑇	𝛽12𝑃𝑃𝐸𝐼,𝑇	NOUN
hassl-3373	306	29	+	+	SYM
hassl-3373	306	30	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	ADJ
hassl-3373	306	31	+	+	CCONJ
hassl-3373	306	32	𝛽14𝑅𝑁𝐷𝐼,𝑇	𝛽14𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	306	33	+	+	X
hassl-3373	306	34	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	NOUN
hassl-3373	306	35	+	+	CCONJ
hassl-3373	306	36	𝜀𝑖,𝑡	𝜀𝑖,𝑡	VERB
hassl-3373	306	37	equation	equation	NOUN
hassl-3373	306	38	8	8	NUM
hassl-3373	306	39	:	:	PUNCT
hassl-3373	306	40	𝑀𝑇𝐵𝑖,𝑡	𝑀𝑇𝐵𝑖,𝑡	PUNCT
hassl-3373	307	1	=	=	X
hassl-3373	307	2	𝛽0	𝛽0	ADJ
hassl-3373	307	3	+	+	CCONJ
hassl-3373	307	4	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴	𝛽1𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴	ADJ
hassl-3373	307	5	∗	∗	NOUN
hassl-3373	307	6	𝐻𝐼𝐺𝐻𝐿𝐸𝑉𝑖,𝑡	𝐻𝐼𝐺𝐻𝐿𝐸𝑉𝑖,𝑡	NOUN
hassl-3373	308	1	+	+	CCONJ
hassl-3373	309	1	𝛽2𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝐼,𝑇	𝛽2𝐷𝑈𝑀𝐶𝐻𝐼𝑁𝐴𝐼,𝑇	NUM
hassl-3373	309	2	+	+	NUM
hassl-3373	309	3	𝛽3𝐿𝐸𝑉𝐼,𝑇	𝛽3𝐿𝐸𝑉𝐼,𝑇	NUM
hassl-3373	309	4	+	+	CCONJ
hassl-3373	309	5	𝛽4𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽4𝐷𝐼𝑅𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	309	6	+	+	SYM
hassl-3373	309	7	𝛽5𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽5𝐶𝑂𝑀𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	309	8	+	+	CCONJ
hassl-3373	309	9	𝛽6𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	𝛽6𝐴𝑈𝐶𝑂𝑀𝐼,𝑇	NOUN
hassl-3373	309	10	+	+	SYM
hassl-3373	309	11	𝛽7𝑅𝑀𝐶𝐼,𝑇	𝛽7𝑅𝑀𝐶𝐼,𝑇	NUM
hassl-3373	309	12	+	+	CCONJ
hassl-3373	309	13	𝛽8𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	𝛽8𝐿𝑁𝐹𝐼𝑅𝑀𝐴𝐺𝐸𝐼,𝑇	ADJ
hassl-3373	309	14	+	+	CCONJ
hassl-3373	309	15	𝛽9𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	𝛽9𝐹𝑆𝐼𝑍𝐸𝐼,𝑇	NUM
hassl-3373	309	16	+	+	CCONJ
hassl-3373	309	17	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	𝛽10𝐿𝑁𝐶𝐴𝑆𝐻𝐼,𝑇	ADJ
hassl-3373	309	18	+	+	CCONJ
hassl-3373	309	19	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	𝛽11𝐺𝑅𝑂𝑊𝑇𝐻𝐼,𝑇	ADJ
hassl-3373	309	20	+	+	CCONJ
hassl-3373	309	21	𝛽12𝑃𝑃𝐸𝐼,𝑇	𝛽12𝑃𝑃𝐸𝐼,𝑇	NOUN
hassl-3373	309	22	+	+	SYM
hassl-3373	309	23	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	𝛽13𝑁𝐶𝐹𝑂𝐼,𝑇	ADJ
hassl-3373	309	24	+	+	CCONJ
hassl-3373	309	25	𝛽14𝑅𝑁𝐷𝐼,𝑇	𝛽14𝑅𝑁𝐷𝐼,𝑇	ADJ
hassl-3373	309	26	+	+	X
hassl-3373	309	27	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	𝛽15𝐼𝑁𝐷𝑈𝑆𝑇𝑅𝑌𝑖,𝑡	NOUN
hassl-3373	309	28	+	+	X
hassl-3373	309	29	𝜀𝑖,𝑡	𝜀𝑖,𝑡	PRON
hassl-3373	309	30	the	the	DET
hassl-3373	309	31	results	result	NOUN
hassl-3373	309	32	of	of	ADP
hassl-3373	309	33	the	the	DET
hassl-3373	309	34	moderate	moderate	ADJ
hassl-3373	309	35	regression	regression	NOUN
hassl-3373	309	36	analysis	analysis	NOUN
hassl-3373	309	37	using	use	VERB
hassl-3373	309	38	stata	stata	NOUN
hassl-3373	309	39	17.0	17.0	NUM
hassl-3373	309	40	show	show	NOUN
hassl-3373	309	41	that	that	SCONJ
hassl-3373	309	42	a	a	DET
hassl-3373	309	43	high	high	ADJ
hassl-3373	309	44	level	level	NOUN
hassl-3373	309	45	of	of	ADP
hassl-3373	309	46	leverage	leverage	NOUN
hassl-3373	309	47	can	can	AUX
hassl-3373	309	48	strengthen	strengthen	VERB
hassl-3373	309	49	the	the	DET
hassl-3373	309	50	relationship	relationship	NOUN
hassl-3373	309	51	between	between	ADP
hassl-3373	309	52	covid-19	covid-19	PROPN
hassl-3373	309	53	and	and	CCONJ
hassl-3373	309	54	firm	firm	ADJ
hassl-3373	309	55	value	value	NOUN
hassl-3373	309	56	.	.	PUNCT
hassl-3373	310	1	in	in	ADP
hassl-3373	310	2	table	table	NOUN
hassl-3373	310	3	8	8	NUM
hassl-3373	310	4	,	,	PUNCT
hassl-3373	310	5	the	the	DET
hassl-3373	310	6	coefficient	coefficient	NOUN
hassl-3373	310	7	value	value	NOUN
hassl-3373	310	8	of	of	ADP
hassl-3373	310	9	covdum*highlev	covdum*highlev	NOUN
hassl-3373	310	10	is	be	AUX
hassl-3373	310	11	1.784	1.784	NUM
hassl-3373	310	12	(	(	PUNCT
hassl-3373	310	13	t	t	NOUN
hassl-3373	310	14	=	=	SYM
hassl-3373	310	15	2.99	2.99	NUM
hassl-3373	310	16	)	)	PUNCT
hassl-3373	310	17	and	and	CCONJ
hassl-3373	310	18	is	be	AUX
hassl-3373	310	19	significant	significant	ADJ
hassl-3373	310	20	at	at	ADP
hassl-3373	310	21	the	the	DET
hassl-3373	310	22	1	1	NUM
hassl-3373	310	23	%	%	NOUN
hassl-3373	310	24	level	level	NOUN
hassl-3373	310	25	,	,	PUNCT
hassl-3373	310	26	and	and	CCONJ
hassl-3373	310	27	the	the	DET
hassl-3373	310	28	dumchina*highlev	dumchina*highlev	NOUN
hassl-3373	310	29	variable	variable	NOUN
hassl-3373	310	30	shows	show	VERB
hassl-3373	310	31	a	a	DET
hassl-3373	310	32	value	value	NOUN
hassl-3373	310	33	of	of	ADP
hassl-3373	310	34	1.920	1.920	NUM
hassl-3373	310	35	(	(	PUNCT
hassl-3373	310	36	t	t	NOUN
hassl-3373	310	37	=	=	SYM
hassl-3373	310	38	3.17	3.17	NUM
hassl-3373	310	39	)	)	PUNCT
hassl-3373	310	40	and	and	CCONJ
hassl-3373	310	41	is	be	AUX
hassl-3373	310	42	significant	significant	ADJ
hassl-3373	310	43	at	at	ADP
hassl-3373	310	44	the	the	DET
hassl-3373	310	45	10	10	NUM
hassl-3373	310	46	%	%	NOUN
hassl-3373	310	47	level	level	NOUN
hassl-3373	310	48	.	.	PUNCT
hassl-3373	311	1	the	the	DET
hassl-3373	311	2	same	same	ADJ
hassl-3373	311	3	results	result	NOUN
hassl-3373	311	4	are	be	AUX
hassl-3373	311	5	also	also	ADV
hassl-3373	311	6	shown	show	VERB
hassl-3373	311	7	in	in	ADP
hassl-3373	311	8	the	the	DET
hassl-3373	311	9	humanities	humanity	NOUN
hassl-3373	311	10	and	and	CCONJ
hassl-3373	311	11	social	social	ADJ
hassl-3373	311	12	sciences	science	NOUN
hassl-3373	311	13	letters	letter	NOUN
hassl-3373	311	14	,	,	PUNCT
hassl-3373	311	15	2023	2023	NUM
hassl-3373	311	16	,	,	PUNCT
hassl-3373	311	17	11(2	11(2	NUM
hassl-3373	311	18	):	):	PUNCT
hassl-3373	311	19	213	213	NUM
hassl-3373	311	20	-	-	SYM
hassl-3373	311	21	227	227	NUM
hassl-3373	311	22	225	225	NUM
hassl-3373	311	23	©	©	PROPN
hassl-3373	311	24	2023	2023	NUM
hassl-3373	311	25	conscientia	conscientia	PROPN
hassl-3373	311	26	beam	beam	PROPN
hassl-3373	311	27	.	.	PUNCT
hassl-3373	312	1	all	all	DET
hassl-3373	312	2	rights	right	NOUN
hassl-3373	312	3	reserved	reserve	VERB
hassl-3373	312	4	.	.	PUNCT
hassl-3373	313	1	relationship	relationship	NOUN
hassl-3373	313	2	between	between	ADP
hassl-3373	313	3	china	china	PROPN
hassl-3373	313	4	exposure	exposure	NOUN
hassl-3373	313	5	and	and	CCONJ
hassl-3373	313	6	firm	firm	ADJ
hassl-3373	313	7	value	value	NOUN
hassl-3373	313	8	.	.	PUNCT
hassl-3373	314	1	disclosure	disclosure	NOUN
hassl-3373	314	2	of	of	ADP
hassl-3373	314	3	exposure	exposure	NOUN
hassl-3373	314	4	to	to	ADP
hassl-3373	314	5	covid-19	covid-19	PROPN
hassl-3373	314	6	as	as	ADV
hassl-3373	314	7	well	well	ADV
hassl-3373	314	8	as	as	ADP
hassl-3373	314	9	activities	activity	NOUN
hassl-3373	314	10	and	and	CCONJ
hassl-3373	314	11	collaborations	collaboration	NOUN
hassl-3373	314	12	carried	carry	VERB
hassl-3373	314	13	out	out	ADP
hassl-3373	314	14	with	with	ADP
hassl-3373	314	15	china	china	PROPN
hassl-3373	314	16	in	in	ADP
hassl-3373	314	17	firms	firm	NOUN
hassl-3373	314	18	with	with	ADP
hassl-3373	314	19	a	a	DET
hassl-3373	314	20	high	high	ADJ
hassl-3373	314	21	level	level	NOUN
hassl-3373	314	22	of	of	ADP
hassl-3373	314	23	leverage	leverage	NOUN
hassl-3373	314	24	are	be	AUX
hassl-3373	314	25	statistically	statistically	ADV
hassl-3373	314	26	proven	prove	VERB
hassl-3373	314	27	to	to	PART
hassl-3373	314	28	increase	increase	VERB
hassl-3373	314	29	firm	firm	ADJ
hassl-3373	314	30	value	value	NOUN
hassl-3373	314	31	.	.	PUNCT
hassl-3373	315	1	a	a	DET
hassl-3373	315	2	high	high	ADJ
hassl-3373	315	3	level	level	NOUN
hassl-3373	315	4	of	of	ADP
hassl-3373	315	5	leverage	leverage	NOUN
hassl-3373	315	6	is	be	AUX
hassl-3373	315	7	one	one	NUM
hassl-3373	315	8	of	of	ADP
hassl-3373	315	9	the	the	DET
hassl-3373	315	10	advantages	advantage	NOUN
hassl-3373	315	11	that	that	SCONJ
hassl-3373	315	12	investors	investor	NOUN
hassl-3373	315	13	can	can	AUX
hassl-3373	315	14	get	get	VERB
hassl-3373	315	15	when	when	SCONJ
hassl-3373	315	16	trading	trade	VERB
hassl-3373	315	17	forex	forex	NOUN
hassl-3373	315	18	.	.	PUNCT
hassl-3373	316	1	high	high	ADJ
hassl-3373	316	2	leverage	leverage	NOUN
hassl-3373	316	3	allows	allow	VERB
hassl-3373	316	4	traders	trader	NOUN
hassl-3373	316	5	to	to	PART
hassl-3373	316	6	buy	buy	VERB
hassl-3373	316	7	investments	investment	NOUN
hassl-3373	316	8	with	with	ADP
hassl-3373	316	9	small	small	ADJ
hassl-3373	316	10	capital	capital	NOUN
hassl-3373	316	11	and	and	CCONJ
hassl-3373	316	12	earn	earn	VERB
hassl-3373	316	13	significant	significant	ADJ
hassl-3373	316	14	profits	profit	NOUN
hassl-3373	316	15	.	.	PUNCT
hassl-3373	317	1	however	however	ADV
hassl-3373	317	2	,	,	PUNCT
hassl-3373	317	3	leverage	leverage	NOUN
hassl-3373	317	4	can	can	AUX
hassl-3373	317	5	backfire	backfire	VERB
hassl-3373	317	6	for	for	ADP
hassl-3373	317	7	traders	trader	NOUN
hassl-3373	317	8	because	because	SCONJ
hassl-3373	317	9	the	the	PRON
hassl-3373	317	10	higher	high	ADJ
hassl-3373	317	11	the	the	DET
hassl-3373	317	12	leverage	leverage	NOUN
hassl-3373	317	13	,	,	PUNCT
hassl-3373	317	14	the	the	PRON
hassl-3373	317	15	higher	high	ADJ
hassl-3373	317	16	the	the	DET
hassl-3373	317	17	risk	risk	NOUN
hassl-3373	317	18	for	for	ADP
hassl-3373	317	19	the	the	DET
hassl-3373	317	20	firm	firm	NOUN
hassl-3373	317	21	.	.	PUNCT
hassl-3373	318	1	table	table	NOUN
hassl-3373	318	2	8	8	NUM
hassl-3373	318	3	.	.	PUNCT
hassl-3373	319	1	the	the	DET
hassl-3373	319	2	moderating	moderate	VERB
hassl-3373	319	3	role	role	NOUN
hassl-3373	319	4	of	of	ADP
hassl-3373	319	5	high	high	ADJ
hassl-3373	319	6	leverage	leverage	NOUN
hassl-3373	319	7	.	.	PUNCT
hassl-3373	320	1	variable	variable	NOUN
hassl-3373	320	2	(	(	PUNCT
hassl-3373	320	3	1	1	NUM
hassl-3373	320	4	)	)	PUNCT
hassl-3373	320	5	mtb	mtb	NOUN
hassl-3373	320	6	(	(	PUNCT
hassl-3373	320	7	2	2	NUM
hassl-3373	320	8	)	)	PUNCT
hassl-3373	320	9	mtb	mtb	NOUN
hassl-3373	320	10	covdum*highlev	covdum*highlev	NOUN
hassl-3373	320	11	1.784	1.784	NUM
hassl-3373	320	12	*	*	PUNCT
hassl-3373	320	13	*	*	PUNCT
hassl-3373	320	14	*	*	PUNCT
hassl-3373	320	15	(	(	PUNCT
hassl-3373	320	16	2.99	2.99	NUM
hassl-3373	320	17	)	)	PUNCT
hassl-3373	320	18	dumchina*highlev	dumchina*highlev	NOUN
hassl-3373	320	19	1.920	1.920	NUM
hassl-3373	320	20	*	*	PUNCT
hassl-3373	320	21	*	*	PUNCT
hassl-3373	320	22	*	*	PUNCT
hassl-3373	320	23	(	(	PUNCT
hassl-3373	320	24	3.17	3.17	NUM
hassl-3373	320	25	)	)	PUNCT
hassl-3373	320	26	covdum	covdum	NOUN
hassl-3373	320	27	0.354	0.354	NUM
hassl-3373	320	28	(	(	PUNCT
hassl-3373	320	29	0.93	0.93	NUM
hassl-3373	320	30	)	)	PUNCT
hassl-3373	320	31	dumchina	dumchina	NOUN
hassl-3373	320	32	0.043	0.043	NUM
hassl-3373	320	33	(	(	PUNCT
hassl-3373	320	34	0.09	0.09	NUM
hassl-3373	320	35	)	)	PUNCT
hassl-3373	320	36	lev	lev	NOUN
hassl-3373	320	37	-1.318	-1.318	PROPN
hassl-3373	320	38	*	*	PUNCT
hassl-3373	320	39	(	(	PUNCT
hassl-3373	320	40	-1.82	-1.82	NOUN
hassl-3373	320	41	)	)	PUNCT
hassl-3373	320	42	-1.537	-1.537	NOUN
hassl-3373	320	43	*	*	NOUN
hassl-3373	320	44	*	*	PUNCT
hassl-3373	320	45	(	(	PUNCT
hassl-3373	320	46	-2.08	-2.08	NUM
hassl-3373	320	47	)	)	PUNCT
hassl-3373	320	48	dirsize	dirsize	NOUN
hassl-3373	320	49	0.086	0.086	NUM
hassl-3373	320	50	(	(	PUNCT
hassl-3373	320	51	0.51	0.51	NUM
hassl-3373	320	52	)	)	PUNCT
hassl-3373	320	53	0.089	0.089	NUM
hassl-3373	320	54	(	(	PUNCT
hassl-3373	320	55	0.52	0.52	NUM
hassl-3373	320	56	)	)	PUNCT
hassl-3373	320	57	comsize	comsize	VERB
hassl-3373	320	58	0.001	0.001	NUM
hassl-3373	320	59	(	(	PUNCT
hassl-3373	320	60	0.00	0.00	NUM
hassl-3373	320	61	)	)	PUNCT
hassl-3373	320	62	-0.018	-0.018	PUNCT
hassl-3373	320	63	(	(	PUNCT
hassl-3373	320	64	-0.10	-0.10	NUM
hassl-3373	320	65	)	)	PUNCT
hassl-3373	320	66	aucom	aucom	NOUN
hassl-3373	320	67	0.746	0.746	NUM
hassl-3373	320	68	(	(	PUNCT
hassl-3373	320	69	1.52	1.52	NUM
hassl-3373	320	70	)	)	PUNCT
hassl-3373	320	71	0.825	0.825	NUM
hassl-3373	321	1	*	*	PUNCT
hassl-3373	321	2	(	(	PUNCT
hassl-3373	321	3	1.66	1.66	NUM
hassl-3373	321	4	)	)	PUNCT
hassl-3373	321	5	rmc	rmc	NOUN
hassl-3373	322	1	-0.854	-0.854	PUNCT
hassl-3373	322	2	*	*	PUNCT
hassl-3373	322	3	*	*	PUNCT
hassl-3373	322	4	(	(	PUNCT
hassl-3373	322	5	-2.25	-2.25	NOUN
hassl-3373	322	6	)	)	PUNCT
hassl-3373	322	7	-0.776	-0.776	NOUN
hassl-3373	323	1	*	*	PUNCT
hassl-3373	323	2	*	*	PUNCT
hassl-3373	323	3	(	(	PUNCT
hassl-3373	323	4	-2.13	-2.13	NOUN
hassl-3373	323	5	)	)	PUNCT
hassl-3373	323	6	lnfirmage	lnfirmage	NOUN
hassl-3373	323	7	-0.647	-0.647	PUNCT
hassl-3373	323	8	(	(	PUNCT
hassl-3373	323	9	-1.61	-1.61	NOUN
hassl-3373	323	10	)	)	PUNCT
hassl-3373	323	11	-0.552	-0.552	PUNCT
hassl-3373	323	12	(	(	PUNCT
hassl-3373	323	13	-1.37	-1.37	NOUN
hassl-3373	323	14	)	)	PUNCT
hassl-3373	323	15	fsize	fsize	NOUN
hassl-3373	323	16	-0.555	-0.555	NOUN
hassl-3373	323	17	*	*	PUNCT
hassl-3373	323	18	(	(	PUNCT
hassl-3373	323	19	-1.81	-1.81	NUM
hassl-3373	323	20	)	)	PUNCT
hassl-3373	323	21	-0.572	-0.572	NOUN
hassl-3373	323	22	*	*	PUNCT
hassl-3373	323	23	(	(	PUNCT
hassl-3373	323	24	-1.87	-1.87	PROPN
hassl-3373	323	25	)	)	PUNCT
hassl-3373	323	26	lncash	lncash	NOUN
hassl-3373	323	27	0.021	0.021	NUM
hassl-3373	323	28	(	(	PUNCT
hassl-3373	323	29	0.09	0.09	NUM
hassl-3373	323	30	)	)	PUNCT
hassl-3373	323	31	-0.004	-0.004	PUNCT
hassl-3373	323	32	(	(	PUNCT
hassl-3373	323	33	-0.02	-0.02	X
hassl-3373	323	34	)	)	PUNCT
hassl-3373	323	35	growth	growth	NOUN
hassl-3373	323	36	0.000	0.000	NUM
hassl-3373	323	37	(	(	PUNCT
hassl-3373	323	38	0.61	0.61	NUM
hassl-3373	323	39	)	)	PUNCT
hassl-3373	323	40	0.000	0.000	NUM
hassl-3373	323	41	(	(	PUNCT
hassl-3373	323	42	0.64	0.64	NUM
hassl-3373	323	43	)	)	PUNCT
hassl-3373	323	44	ppe	ppe	NOUN
hassl-3373	323	45	1.901	1.901	NUM
hassl-3373	323	46	(	(	PUNCT
hassl-3373	323	47	1.62	1.62	NUM
hassl-3373	323	48	)	)	PUNCT
hassl-3373	323	49	1.793	1.793	NUM
hassl-3373	323	50	(	(	PUNCT
hassl-3373	323	51	1.54	1.54	NUM
hassl-3373	323	52	)	)	PUNCT
hassl-3373	323	53	ncfo	ncfo	NOUN
hassl-3373	324	1	0.000	0.000	NUM
hassl-3373	324	2	*	*	PUNCT
hassl-3373	324	3	*	*	PUNCT
hassl-3373	324	4	(	(	PUNCT
hassl-3373	324	5	2.21	2.21	NUM
hassl-3373	324	6	)	)	PUNCT
hassl-3373	324	7	0.000	0.000	NUM
hassl-3373	325	1	*	*	PUNCT
hassl-3373	325	2	*	*	PUNCT
hassl-3373	325	3	(	(	PUNCT
hassl-3373	325	4	2.23	2.23	NUM
hassl-3373	325	5	)	)	PUNCT
hassl-3373	325	6	rnd	rnd	NOUN
hassl-3373	325	7	0.000	0.000	NUM
hassl-3373	325	8	(	(	PUNCT
hassl-3373	325	9	1.42	1.42	NUM
hassl-3373	325	10	)	)	PUNCT
hassl-3373	325	11	0.000	0.000	NUM
hassl-3373	325	12	(	(	PUNCT
hassl-3373	325	13	1.41	1.41	NUM
hassl-3373	325	14	)	)	PUNCT
hassl-3373	325	15	intercept	intercept	VERB
hassl-3373	325	16	15.297	15.297	NUM
hassl-3373	325	17	*	*	PUNCT
hassl-3373	325	18	*	*	PUNCT
hassl-3373	325	19	*	*	PUNCT
hassl-3373	325	20	(	(	PUNCT
hassl-3373	325	21	2.64	2.64	NUM
hassl-3373	325	22	)	)	PUNCT
hassl-3373	325	23	16.133	16.133	NUM
hassl-3373	325	24	*	*	PUNCT
hassl-3373	325	25	*	*	PUNCT
hassl-3373	325	26	*	*	PUNCT
hassl-3373	325	27	(	(	PUNCT
hassl-3373	325	28	2.71	2.71	NUM
hassl-3373	325	29	)	)	PUNCT
hassl-3373	325	30	industry	industry	NOUN
hassl-3373	325	31	fixed	fix	VERB
hassl-3373	325	32	effect	effect	NOUN
hassl-3373	325	33	included	include	VERB
hassl-3373	325	34	included	include	VERB
hassl-3373	325	35	r2	r2	PROPN
hassl-3373	325	36	0.105	0.105	NUM
hassl-3373	325	37	0.102	0.102	NUM
hassl-3373	325	38	adjusted	adjusted	ADJ
hassl-3373	325	39	r2	r2	PROPN
hassl-3373	325	40	0.059	0.059	NUM
hassl-3373	325	41	0.056	0.056	NUM
hassl-3373	325	42	n	n	NUM
hassl-3373	325	43	430	430	NUM
hassl-3373	325	44	430	430	NUM
hassl-3373	325	45	note	note	NOUN
hassl-3373	325	46	:	:	PUNCT
hassl-3373	325	47	table	table	NOUN
hassl-3373	325	48	8	8	NUM
hassl-3373	325	49	reports	report	VERB
hassl-3373	325	50	the	the	DET
hassl-3373	325	51	moderating	moderate	VERB
hassl-3373	325	52	role	role	NOUN
hassl-3373	325	53	of	of	ADP
hassl-3373	325	54	high	high	ADJ
hassl-3373	325	55	leverage	leverage	NOUN
hassl-3373	325	56	on	on	ADP
hassl-3373	325	57	the	the	DET
hassl-3373	325	58	relationship	relationship	NOUN
hassl-3373	325	59	between	between	ADP
hassl-3373	325	60	covid-19	covid-19	PROPN
hassl-3373	325	61	exposure	exposure	NOUN
hassl-3373	325	62	and	and	CCONJ
hassl-3373	325	63	firm	firm	ADJ
hassl-3373	325	64	value	value	NOUN
hassl-3373	325	65	and	and	CCONJ
hassl-3373	325	66	the	the	DET
hassl-3373	325	67	relationship	relationship	NOUN
hassl-3373	325	68	between	between	ADP
hassl-3373	325	69	china	china	PROPN
hassl-3373	325	70	exposure	exposure	NOUN
hassl-3373	325	71	and	and	CCONJ
hassl-3373	325	72	firm	firm	ADJ
hassl-3373	325	73	value	value	NOUN
hassl-3373	325	74	.	.	PUNCT
hassl-3373	326	1	highlev	highlev	PROPN
hassl-3373	326	2	is	be	AUX
hassl-3373	326	3	a	a	DET
hassl-3373	326	4	dummy	dummy	ADJ
hassl-3373	326	5	variable	variable	NOUN
hassl-3373	326	6	with	with	ADP
hassl-3373	326	7	a	a	DET
hassl-3373	326	8	value	value	NOUN
hassl-3373	326	9	of	of	ADP
hassl-3373	326	10	1	1	NUM
hassl-3373	326	11	if	if	SCONJ
hassl-3373	326	12	the	the	DET
hassl-3373	326	13	firm	firm	NOUN
hassl-3373	326	14	has	have	VERB
hassl-3373	326	15	a	a	DET
hassl-3373	326	16	leverage	leverage	NOUN
hassl-3373	326	17	value	value	NOUN
hassl-3373	326	18	above	above	ADP
hassl-3373	326	19	the	the	DET
hassl-3373	326	20	median	median	NOUN
hassl-3373	326	21	and	and	CCONJ
hassl-3373	326	22	0	0	NUM
hassl-3373	326	23	if	if	SCONJ
hassl-3373	326	24	the	the	DET
hassl-3373	326	25	leverage	leverage	NOUN
hassl-3373	326	26	value	value	NOUN
hassl-3373	326	27	is	be	AUX
hassl-3373	326	28	below	below	ADP
hassl-3373	326	29	the	the	DET
hassl-3373	326	30	median	median	NOUN
hassl-3373	326	31	.	.	PUNCT
hassl-3373	327	1	the	the	DET
hassl-3373	327	2	sample	sample	NOUN
hassl-3373	327	3	includes	include	VERB
hassl-3373	327	4	430	430	NUM
hassl-3373	327	5	firm	firm	ADJ
hassl-3373	327	6	-	-	PUNCT
hassl-3373	327	7	year	year	NOUN
hassl-3373	327	8	observations	observation	NOUN
hassl-3373	327	9	from	from	ADP
hassl-3373	327	10	firms	firm	NOUN
hassl-3373	327	11	listed	list	VERB
hassl-3373	327	12	on	on	ADP
hassl-3373	327	13	the	the	DET
hassl-3373	327	14	indonesia	indonesia	PROPN
hassl-3373	327	15	stock	stock	PROPN
hassl-3373	327	16	exchange	exchange	NOUN
hassl-3373	327	17	during	during	ADP
hassl-3373	327	18	2019	2019	NUM
hassl-3373	327	19	.	.	PUNCT
hassl-3373	328	1	this	this	DET
hassl-3373	328	2	analysis	analysis	NOUN
hassl-3373	328	3	uses	use	VERB
hassl-3373	328	4	winsorized	winsorize	VERB
hassl-3373	328	5	data	datum	NOUN
hassl-3373	328	6	at	at	ADP
hassl-3373	328	7	1	1	NUM
hassl-3373	328	8	%	%	NOUN
hassl-3373	328	9	and	and	CCONJ
hassl-3373	328	10	99	99	NUM
hassl-3373	328	11	%	%	NOUN
hassl-3373	328	12	levels	level	NOUN
hassl-3373	328	13	.	.	PUNCT
hassl-3373	329	1	these	these	DET
hassl-3373	329	2	tests	test	NOUN
hassl-3373	329	3	include	include	VERB
hassl-3373	329	4	industry	industry	NOUN
hassl-3373	329	5	fixed	fix	VERB
hassl-3373	329	6	effects	effect	NOUN
hassl-3373	329	7	.	.	PUNCT
hassl-3373	330	1	tests	test	NOUN
hassl-3373	330	2	show	show	VERB
hassl-3373	330	3	:	:	PUNCT
hassl-3373	330	4	*	*	PUNCT
hassl-3373	331	1	p	p	X
hassl-3373	331	2	<	<	X
hassl-3373	331	3	0.1	0.1	NUM
hassl-3373	331	4	(	(	PUNCT
hassl-3373	331	5	or	or	CCONJ
hassl-3373	331	6	*	*	PUNCT
hassl-3373	331	7	t	t	X
hassl-3373	331	8	>	>	X
hassl-3373	331	9	1.645	1.645	NUM
hassl-3373	331	10	)	)	PUNCT
hassl-3373	331	11	,	,	PUNCT
hassl-3373	331	12	*	*	PUNCT
hassl-3373	331	13	*	*	PUNCT
hassl-3373	332	1	p	p	X
hassl-3373	332	2	>	>	X
hassl-3373	332	3	0.05	0.05	NUM
hassl-3373	332	4	(	(	PUNCT
hassl-3373	332	5	or	or	CCONJ
hassl-3373	332	6	*	*	PUNCT
hassl-3373	332	7	*	*	PROPN
hassl-3373	332	8	t	t	X
hassl-3373	332	9	>	>	X
hassl-3373	332	10	1.960	1.960	NUM
hassl-3373	332	11	)	)	PUNCT
hassl-3373	332	12	,	,	PUNCT
hassl-3373	332	13	*	*	PUNCT
hassl-3373	332	14	*	*	PUNCT
hassl-3373	332	15	*	*	PUNCT
hassl-3373	333	1	p	p	X
hassl-3373	333	2	>	>	X
hassl-3373	333	3	0.01	0.01	NUM
hassl-3373	333	4	(	(	PUNCT
hassl-3373	333	5	or	or	CCONJ
hassl-3373	333	6	*	*	PUNCT
hassl-3373	333	7	*	*	PUNCT
hassl-3373	333	8	*	*	PUNCT
hassl-3373	333	9	t	t	X
hassl-3373	333	10	>	>	X
hassl-3373	333	11	2.326	2.326	NUM
hassl-3373	333	12	)	)	PUNCT
hassl-3373	333	13	,	,	PUNCT
hassl-3373	333	14	significance	significance	NOUN
hassl-3373	333	15	at	at	ADP
hassl-3373	333	16	10	10	NUM
hassl-3373	333	17	%	%	NOUN
hassl-3373	333	18	,	,	PUNCT
hassl-3373	333	19	5	5	NUM
hassl-3373	333	20	%	%	NOUN
hassl-3373	333	21	and	and	CCONJ
hassl-3373	333	22	1	1	NUM
hassl-3373	333	23	%	%	NOUN
hassl-3373	333	24	.	.	PUNCT
hassl-3373	334	1	5	5	X
hassl-3373	334	2	.	.	X
hassl-3373	334	3	limitations	limitation	NOUN
hassl-3373	334	4	first	first	ADV
hassl-3373	334	5	,	,	PUNCT
hassl-3373	334	6	this	this	DET
hassl-3373	334	7	research	research	NOUN
hassl-3373	334	8	is	be	AUX
hassl-3373	334	9	limited	limit	VERB
hassl-3373	334	10	by	by	ADP
hassl-3373	334	11	the	the	DET
hassl-3373	334	12	year	year	NOUN
hassl-3373	334	13	of	of	ADP
hassl-3373	334	14	the	the	DET
hassl-3373	334	15	study	study	NOUN
hassl-3373	334	16	,	,	PUNCT
hassl-3373	334	17	which	which	PRON
hassl-3373	334	18	is	be	AUX
hassl-3373	334	19	2019	2019	NUM
hassl-3373	334	20	,	,	PUNCT
hassl-3373	334	21	so	so	CCONJ
hassl-3373	334	22	the	the	DET
hassl-3373	334	23	sample	sample	NOUN
hassl-3373	334	24	is	be	AUX
hassl-3373	334	25	small	small	ADJ
hassl-3373	334	26	.	.	PUNCT
hassl-3373	335	1	the	the	DET
hassl-3373	335	2	year	year	NOUN
hassl-3373	335	3	2019	2019	NUM
hassl-3373	335	4	was	be	AUX
hassl-3373	335	5	chosen	choose	VERB
hassl-3373	335	6	because	because	SCONJ
hassl-3373	335	7	the	the	DET
hassl-3373	335	8	covid-19	covid-19	PROPN
hassl-3373	335	9	pandemic	pandemic	NOUN
hassl-3373	335	10	began	begin	VERB
hassl-3373	335	11	to	to	PART
hassl-3373	335	12	enter	enter	VERB
hassl-3373	335	13	indonesian	indonesian	ADJ
hassl-3373	335	14	territory	territory	NOUN
hassl-3373	335	15	and	and	CCONJ
hassl-3373	335	16	resulted	result	VERB
hassl-3373	335	17	in	in	ADP
hassl-3373	335	18	a	a	DET
hassl-3373	335	19	global	global	ADJ
hassl-3373	335	20	economic	economic	ADJ
hassl-3373	335	21	humanities	humanity	NOUN
hassl-3373	335	22	and	and	CCONJ
hassl-3373	335	23	social	social	ADJ
hassl-3373	335	24	sciences	science	NOUN
hassl-3373	335	25	letters	letter	NOUN
hassl-3373	335	26	,	,	PUNCT
hassl-3373	335	27	2023	2023	NUM
hassl-3373	335	28	,	,	PUNCT
hassl-3373	335	29	11(2	11(2	NUM
hassl-3373	335	30	):	):	PUNCT
hassl-3373	335	31	213	213	NUM
hassl-3373	335	32	-	-	SYM
hassl-3373	335	33	227	227	NUM
hassl-3373	335	34	226	226	NUM
hassl-3373	335	35	©	©	PROPN
hassl-3373	335	36	2023	2023	NUM
hassl-3373	335	37	conscientia	conscientia	PROPN
hassl-3373	335	38	beam	beam	PROPN
hassl-3373	335	39	.	.	PUNCT
hassl-3373	336	1	all	all	DET
hassl-3373	336	2	rights	right	NOUN
hassl-3373	336	3	reserved	reserve	VERB
hassl-3373	336	4	.	.	PUNCT
hassl-3373	337	1	downturn	downturn	NOUN
hassl-3373	337	2	.	.	PUNCT
hassl-3373	338	1	future	future	ADJ
hassl-3373	338	2	research	research	NOUN
hassl-3373	338	3	can	can	AUX
hassl-3373	338	4	update	update	VERB
hassl-3373	338	5	the	the	DET
hassl-3373	338	6	research	research	NOUN
hassl-3373	338	7	year	year	NOUN
hassl-3373	338	8	.	.	PUNCT
hassl-3373	339	1	future	future	ADJ
hassl-3373	339	2	research	research	NOUN
hassl-3373	339	3	can	can	AUX
hassl-3373	339	4	also	also	ADV
hassl-3373	339	5	make	make	VERB
hassl-3373	339	6	comparisons	comparison	NOUN
hassl-3373	339	7	before	before	ADP
hassl-3373	339	8	and	and	CCONJ
hassl-3373	339	9	during	during	ADP
hassl-3373	339	10	the	the	DET
hassl-3373	339	11	covid-19	covid-19	PROPN
hassl-3373	339	12	pandemic	pandemic	NOUN
hassl-3373	339	13	.	.	PUNCT
hassl-3373	340	1	second	second	ADJ
hassl-3373	340	2	,	,	PUNCT
hassl-3373	340	3	this	this	DET
hassl-3373	340	4	research	research	NOUN
hassl-3373	340	5	is	be	AUX
hassl-3373	340	6	also	also	ADV
hassl-3373	340	7	limited	limit	VERB
hassl-3373	340	8	to	to	ADP
hassl-3373	340	9	discussions	discussion	NOUN
hassl-3373	340	10	related	relate	VERB
hassl-3373	340	11	to	to	ADP
hassl-3373	340	12	the	the	DET
hassl-3373	340	13	relationship	relationship	NOUN
hassl-3373	340	14	between	between	ADP
hassl-3373	340	15	covid-19	covid-19	PROPN
hassl-3373	340	16	and	and	CCONJ
hassl-3373	340	17	china	china	PROPN
hassl-3373	340	18	exposure	exposure	NOUN
hassl-3373	340	19	,	,	PUNCT
hassl-3373	340	20	so	so	SCONJ
hassl-3373	340	21	there	there	PRON
hassl-3373	340	22	is	be	VERB
hassl-3373	340	23	an	an	DET
hassl-3373	340	24	opportunity	opportunity	NOUN
hassl-3373	340	25	for	for	SCONJ
hassl-3373	340	26	future	future	ADJ
hassl-3373	340	27	research	research	NOUN
hassl-3373	340	28	to	to	PART
hassl-3373	340	29	examine	examine	VERB
hassl-3373	340	30	firms	firm	NOUN
hassl-3373	340	31	'	'	PART
hassl-3373	340	32	disclosures	disclosure	NOUN
hassl-3373	340	33	and	and	CCONJ
hassl-3373	340	34	other	other	ADJ
hassl-3373	340	35	performance	performance	NOUN
hassl-3373	340	36	against	against	ADP
hassl-3373	340	37	firm	firm	ADJ
hassl-3373	340	38	value	value	NOUN
hassl-3373	340	39	in	in	ADP
hassl-3373	340	40	greater	great	ADJ
hassl-3373	340	41	depth	depth	NOUN
hassl-3373	340	42	.	.	PUNCT
hassl-3373	341	1	third	third	ADJ
hassl-3373	341	2	,	,	PUNCT
hassl-3373	341	3	this	this	DET
hassl-3373	341	4	research	research	NOUN
hassl-3373	341	5	is	be	AUX
hassl-3373	341	6	limited	limit	VERB
hassl-3373	341	7	to	to	ADP
hassl-3373	341	8	the	the	DET
hassl-3373	341	9	proxies	proxy	NOUN
hassl-3373	341	10	used	use	VERB
hassl-3373	341	11	to	to	PART
hassl-3373	341	12	measure	measure	VERB
hassl-3373	341	13	covid-19	covid-19	PROPN
hassl-3373	341	14	and	and	CCONJ
hassl-3373	341	15	china	china	PROPN
hassl-3373	341	16	exposure	exposure	NOUN
hassl-3373	341	17	,	,	PUNCT
hassl-3373	341	18	which	which	PRON
hassl-3373	341	19	only	only	ADV
hassl-3373	341	20	uses	use	VERB
hassl-3373	341	21	dummy	dummy	ADJ
hassl-3373	341	22	variables	variable	NOUN
hassl-3373	341	23	.	.	PUNCT
hassl-3373	342	1	future	future	ADJ
hassl-3373	342	2	research	research	NOUN
hassl-3373	342	3	may	may	AUX
hassl-3373	342	4	be	be	AUX
hassl-3373	342	5	able	able	ADJ
hassl-3373	342	6	to	to	PART
hassl-3373	342	7	use	use	VERB
hassl-3373	342	8	other	other	ADJ
hassl-3373	342	9	proxies	proxy	NOUN
hassl-3373	342	10	,	,	PUNCT
hassl-3373	342	11	such	such	ADJ
hassl-3373	342	12	as	as	ADP
hassl-3373	342	13	analyzing	analyze	VERB
hassl-3373	342	14	the	the	DET
hassl-3373	342	15	content	content	NOUN
hassl-3373	342	16	of	of	ADP
hassl-3373	342	17	annual	annual	ADJ
hassl-3373	342	18	reports	report	NOUN
hassl-3373	342	19	or	or	CCONJ
hassl-3373	342	20	using	use	VERB
hassl-3373	342	21	the	the	DET
hassl-3373	342	22	number	number	NOUN
hassl-3373	342	23	of	of	ADP
hassl-3373	342	24	mentions	mention	NOUN
hassl-3373	342	25	of	of	ADP
hassl-3373	342	26	covid-19	covid-19	PROPN
hassl-3373	342	27	and	and	CCONJ
hassl-3373	342	28	china	china	PROPN
hassl-3373	342	29	in	in	ADP
hassl-3373	342	30	the	the	DET
hassl-3373	342	31	annual	annual	ADJ
hassl-3373	342	32	reports	report	NOUN
hassl-3373	342	33	.	.	PUNCT
hassl-3373	343	1	6	6	X
hassl-3373	343	2	.	.	X
hassl-3373	343	3	conclusions	conclusion	NOUN
hassl-3373	343	4	this	this	DET
hassl-3373	343	5	paper	paper	NOUN
hassl-3373	343	6	investigates	investigate	VERB
hassl-3373	343	7	the	the	DET
hassl-3373	343	8	effect	effect	NOUN
hassl-3373	343	9	of	of	ADP
hassl-3373	343	10	covid-19	covid-19	PROPN
hassl-3373	343	11	and	and	CCONJ
hassl-3373	343	12	china	china	PROPN
hassl-3373	343	13	exposure	exposure	NOUN
hassl-3373	343	14	disclosed	disclose	VERB
hassl-3373	343	15	by	by	ADP
hassl-3373	343	16	firms	firm	NOUN
hassl-3373	343	17	in	in	ADP
hassl-3373	343	18	annual	annual	ADJ
hassl-3373	343	19	reports	report	NOUN
hassl-3373	343	20	on	on	ADP
hassl-3373	343	21	firm	firm	ADJ
hassl-3373	343	22	value	value	NOUN
hassl-3373	343	23	using	use	VERB
hassl-3373	343	24	430	430	NUM
hassl-3373	343	25	firm	firm	ADJ
hassl-3373	343	26	-	-	PUNCT
hassl-3373	343	27	year	year	NOUN
hassl-3373	343	28	observations	observation	NOUN
hassl-3373	343	29	from	from	ADP
hassl-3373	343	30	firms	firm	NOUN
hassl-3373	343	31	listed	list	VERB
hassl-3373	343	32	on	on	ADP
hassl-3373	343	33	the	the	DET
hassl-3373	343	34	indonesia	indonesia	PROPN
hassl-3373	343	35	stock	stock	PROPN
hassl-3373	343	36	exchange	exchange	NOUN
hassl-3373	343	37	in	in	ADP
hassl-3373	343	38	2019	2019	NUM
hassl-3373	343	39	,	,	PUNCT
hassl-3373	343	40	which	which	PRON
hassl-3373	343	41	were	be	AUX
hassl-3373	343	42	analyzed	analyze	VERB
hassl-3373	343	43	using	use	VERB
hassl-3373	343	44	ols	ol	NOUN
hassl-3373	343	45	regression	regression	NOUN
hassl-3373	343	46	with	with	ADP
hassl-3373	343	47	stata	stata	NOUN
hassl-3373	343	48	17.0	17.0	NUM
hassl-3373	343	49	software	software	NOUN
hassl-3373	343	50	.	.	PUNCT
hassl-3373	344	1	the	the	DET
hassl-3373	344	2	main	main	ADJ
hassl-3373	344	3	regression	regression	NOUN
hassl-3373	344	4	results	result	NOUN
hassl-3373	344	5	showed	show	VERB
hassl-3373	344	6	a	a	DET
hassl-3373	344	7	positive	positive	ADJ
hassl-3373	344	8	and	and	CCONJ
hassl-3373	344	9	statistically	statistically	ADV
hassl-3373	344	10	significant	significant	ADJ
hassl-3373	344	11	relationship	relationship	NOUN
hassl-3373	344	12	between	between	ADP
hassl-3373	344	13	covid-19	covid-19	PROPN
hassl-3373	344	14	and	and	CCONJ
hassl-3373	344	15	firm	firm	ADJ
hassl-3373	344	16	value	value	NOUN
hassl-3373	344	17	.	.	PUNCT
hassl-3373	345	1	the	the	DET
hassl-3373	345	2	same	same	ADJ
hassl-3373	345	3	results	result	NOUN
hassl-3373	345	4	are	be	AUX
hassl-3373	345	5	also	also	ADV
hassl-3373	345	6	shown	show	VERB
hassl-3373	345	7	in	in	ADP
hassl-3373	345	8	the	the	DET
hassl-3373	345	9	relationship	relationship	NOUN
hassl-3373	345	10	between	between	ADP
hassl-3373	345	11	china	china	PROPN
hassl-3373	345	12	's	's	PART
hassl-3373	345	13	exposure	exposure	NOUN
hassl-3373	345	14	and	and	CCONJ
hassl-3373	345	15	firm	firm	ADJ
hassl-3373	345	16	value	value	NOUN
hassl-3373	345	17	.	.	PUNCT
hassl-3373	346	1	furthermore	furthermore	ADV
hassl-3373	346	2	,	,	PUNCT
hassl-3373	346	3	these	these	DET
hassl-3373	346	4	results	result	NOUN
hassl-3373	346	5	are	be	AUX
hassl-3373	346	6	robust	robust	ADJ
hassl-3373	346	7	in	in	ADP
hassl-3373	346	8	the	the	DET
hassl-3373	346	9	heckman	heckman	PROPN
hassl-3373	346	10	twostage	twostage	NOUN
hassl-3373	346	11	test	test	NOUN
hassl-3373	346	12	.	.	PUNCT
hassl-3373	347	1	thus	thus	ADV
hassl-3373	347	2	,	,	PUNCT
hassl-3373	347	3	firms	firm	NOUN
hassl-3373	347	4	that	that	PRON
hassl-3373	347	5	disclose	disclose	VERB
hassl-3373	347	6	exposure	exposure	NOUN
hassl-3373	347	7	to	to	ADP
hassl-3373	347	8	the	the	DET
hassl-3373	347	9	covid-19	covid-19	PROPN
hassl-3373	347	10	pandemic	pandemic	ADJ
hassl-3373	347	11	and	and	CCONJ
hassl-3373	347	12	activities	activity	NOUN
hassl-3373	347	13	carried	carry	VERB
hassl-3373	347	14	out	out	ADP
hassl-3373	347	15	by	by	ADP
hassl-3373	347	16	china	china	PROPN
hassl-3373	347	17	can	can	AUX
hassl-3373	347	18	increase	increase	VERB
hassl-3373	347	19	firm	firm	ADJ
hassl-3373	347	20	value	value	NOUN
hassl-3373	347	21	.	.	PUNCT
hassl-3373	348	1	furthermore	furthermore	ADV
hassl-3373	348	2	,	,	PUNCT
hassl-3373	348	3	this	this	DET
hassl-3373	348	4	study	study	NOUN
hassl-3373	348	5	also	also	ADV
hassl-3373	348	6	shows	show	VERB
hassl-3373	348	7	that	that	SCONJ
hassl-3373	348	8	disclosure	disclosure	NOUN
hassl-3373	348	9	of	of	ADP
hassl-3373	348	10	covid-19	covid-19	PROPN
hassl-3373	348	11	and	and	CCONJ
hassl-3373	348	12	china	china	PROPN
hassl-3373	348	13	's	's	PART
hassl-3373	348	14	exposure	exposure	NOUN
hassl-3373	348	15	to	to	ADP
hassl-3373	348	16	firms	firm	NOUN
hassl-3373	348	17	with	with	ADP
hassl-3373	348	18	high	high	ADJ
hassl-3373	348	19	leverage	leverage	NOUN
hassl-3373	348	20	levels	level	NOUN
hassl-3373	348	21	can	can	AUX
hassl-3373	348	22	further	far	ADV
hassl-3373	348	23	increase	increase	VERB
hassl-3373	348	24	firm	firm	ADJ
hassl-3373	348	25	value	value	NOUN
hassl-3373	348	26	.	.	PUNCT
hassl-3373	349	1	the	the	DET
hassl-3373	349	2	results	result	NOUN
hassl-3373	349	3	of	of	ADP
hassl-3373	349	4	this	this	DET
hassl-3373	349	5	study	study	NOUN
hassl-3373	349	6	provide	provide	VERB
hassl-3373	349	7	important	important	ADJ
hassl-3373	349	8	implications	implication	NOUN
hassl-3373	349	9	for	for	ADP
hassl-3373	349	10	firms	firm	NOUN
hassl-3373	349	11	,	,	PUNCT
hassl-3373	349	12	investors	investor	NOUN
hassl-3373	349	13	,	,	PUNCT
hassl-3373	349	14	and	and	CCONJ
hassl-3373	349	15	future	future	ADJ
hassl-3373	349	16	research	research	NOUN
hassl-3373	349	17	.	.	PUNCT
hassl-3373	350	1	an	an	DET
hassl-3373	350	2	essential	essential	ADJ
hassl-3373	350	3	contribution	contribution	NOUN
hassl-3373	350	4	is	be	AUX
hassl-3373	350	5	undoubtedly	undoubtedly	ADV
hassl-3373	350	6	expected	expect	VERB
hassl-3373	350	7	from	from	ADP
hassl-3373	350	8	the	the	DET
hassl-3373	350	9	results	result	NOUN
hassl-3373	350	10	of	of	ADP
hassl-3373	350	11	this	this	DET
hassl-3373	350	12	study	study	NOUN
hassl-3373	350	13	.	.	PUNCT
hassl-3373	351	1	first	first	ADV
hassl-3373	351	2	,	,	PUNCT
hassl-3373	351	3	this	this	DET
hassl-3373	351	4	research	research	NOUN
hassl-3373	351	5	makes	make	VERB
hassl-3373	351	6	a	a	DET
hassl-3373	351	7	practical	practical	ADJ
hassl-3373	351	8	contribution	contribution	NOUN
hassl-3373	351	9	to	to	ADP
hassl-3373	351	10	firms	firm	NOUN
hassl-3373	351	11	.	.	PUNCT
hassl-3373	352	1	based	base	VERB
hassl-3373	352	2	on	on	ADP
hassl-3373	352	3	the	the	DET
hassl-3373	352	4	results	result	NOUN
hassl-3373	352	5	of	of	ADP
hassl-3373	352	6	this	this	DET
hassl-3373	352	7	study	study	NOUN
hassl-3373	352	8	,	,	PUNCT
hassl-3373	352	9	firms	firm	NOUN
hassl-3373	352	10	can	can	AUX
hassl-3373	352	11	determine	determine	VERB
hassl-3373	352	12	what	what	DET
hassl-3373	352	13	factors	factor	NOUN
hassl-3373	352	14	will	will	AUX
hassl-3373	352	15	affect	affect	VERB
hassl-3373	352	16	an	an	DET
hassl-3373	352	17	increase	increase	NOUN
hassl-3373	352	18	in	in	ADP
hassl-3373	352	19	firm	firm	ADJ
hassl-3373	352	20	value	value	NOUN
hassl-3373	352	21	,	,	PUNCT
hassl-3373	352	22	including	include	VERB
hassl-3373	352	23	providing	provide	VERB
hassl-3373	352	24	clear	clear	ADJ
hassl-3373	352	25	disclosures	disclosure	NOUN
hassl-3373	352	26	on	on	ADP
hassl-3373	352	27	firm	firm	ADJ
hassl-3373	352	28	conditions	condition	NOUN
hassl-3373	352	29	such	such	ADJ
hassl-3373	352	30	as	as	ADP
hassl-3373	352	31	covid-19	covid-19	PROPN
hassl-3373	352	32	and	and	CCONJ
hassl-3373	352	33	china	china	PROPN
hassl-3373	352	34	exposure	exposure	NOUN
hassl-3373	352	35	.	.	PUNCT
hassl-3373	353	1	these	these	DET
hassl-3373	353	2	factors	factor	NOUN
hassl-3373	353	3	can	can	AUX
hassl-3373	353	4	be	be	AUX
hassl-3373	353	5	applied	apply	VERB
hassl-3373	353	6	to	to	ADP
hassl-3373	353	7	firm	firm	ADJ
hassl-3373	353	8	policies	policy	NOUN
hassl-3373	353	9	to	to	PART
hassl-3373	353	10	increase	increase	VERB
hassl-3373	353	11	firm	firm	ADJ
hassl-3373	353	12	value	value	NOUN
hassl-3373	353	13	.	.	PUNCT
hassl-3373	354	1	second	second	ADJ
hassl-3373	354	2	,	,	PUNCT
hassl-3373	354	3	the	the	DET
hassl-3373	354	4	results	result	NOUN
hassl-3373	354	5	of	of	ADP
hassl-3373	354	6	this	this	DET
hassl-3373	354	7	study	study	NOUN
hassl-3373	354	8	contribute	contribute	VERB
hassl-3373	354	9	to	to	ADP
hassl-3373	354	10	enriching	enrich	VERB
hassl-3373	354	11	the	the	DET
hassl-3373	354	12	literature	literature	NOUN
hassl-3373	354	13	on	on	ADP
hassl-3373	354	14	related	related	ADJ
hassl-3373	354	15	topics	topic	NOUN
hassl-3373	354	16	,	,	PUNCT
hassl-3373	354	17	especially	especially	ADV
hassl-3373	354	18	those	those	PRON
hassl-3373	354	19	related	relate	VERB
hassl-3373	354	20	to	to	ADP
hassl-3373	354	21	firm	firm	ADJ
hassl-3373	354	22	performance	performance	NOUN
hassl-3373	354	23	during	during	ADP
hassl-3373	354	24	the	the	DET
hassl-3373	354	25	pandemic	pandemic	NOUN
hassl-3373	354	26	.	.	PUNCT
hassl-3373	355	1	third	third	ADJ
hassl-3373	355	2	,	,	PUNCT
hassl-3373	355	3	the	the	DET
hassl-3373	355	4	results	result	NOUN
hassl-3373	355	5	of	of	ADP
hassl-3373	355	6	this	this	DET
hassl-3373	355	7	study	study	NOUN
hassl-3373	355	8	contribute	contribute	VERB
hassl-3373	355	9	to	to	ADP
hassl-3373	355	10	the	the	DET
hassl-3373	355	11	development	development	NOUN
hassl-3373	355	12	of	of	ADP
hassl-3373	355	13	future	future	ADJ
hassl-3373	355	14	research	research	NOUN
hassl-3373	355	15	on	on	ADP
hassl-3373	355	16	related	related	ADJ
hassl-3373	355	17	topics	topic	NOUN
hassl-3373	355	18	and	and	CCONJ
hassl-3373	355	19	overcome	overcome	VERB
hassl-3373	355	20	the	the	DET
hassl-3373	355	21	limitations	limitation	NOUN
hassl-3373	355	22	found	find	VERB
hassl-3373	355	23	in	in	ADP
hassl-3373	355	24	this	this	DET
hassl-3373	355	25	study	study	NOUN
hassl-3373	355	26	.	.	PUNCT
hassl-3373	356	1	funding	funding	NOUN
hassl-3373	356	2	:	:	PUNCT
hassl-3373	356	3	this	this	DET
hassl-3373	356	4	study	study	NOUN
hassl-3373	356	5	received	receive	VERB
hassl-3373	356	6	no	no	DET
hassl-3373	356	7	specific	specific	ADJ
hassl-3373	356	8	financial	financial	ADJ
hassl-3373	356	9	support	support	NOUN
hassl-3373	356	10	.	.	PUNCT
hassl-3373	357	1	competing	compete	VERB
hassl-3373	357	2	interests	interest	NOUN
hassl-3373	357	3	:	:	PUNCT
hassl-3373	357	4	the	the	DET
hassl-3373	357	5	authors	author	NOUN
hassl-3373	357	6	declare	declare	VERB
hassl-3373	357	7	that	that	SCONJ
hassl-3373	357	8	they	they	PRON
hassl-3373	357	9	have	have	VERB
hassl-3373	357	10	no	no	DET
hassl-3373	357	11	competing	compete	VERB
hassl-3373	357	12	interests	interest	NOUN
hassl-3373	357	13	.	.	PUNCT
hassl-3373	358	1	authors	author	NOUN
hassl-3373	358	2	’	'	PUNCT
hassl-3373	358	3	contributions	contribution	NOUN
hassl-3373	358	4	:	:	PUNCT
hassl-3373	358	5	all	all	DET
hassl-3373	358	6	authors	author	NOUN
hassl-3373	358	7	contributed	contribute	VERB
hassl-3373	358	8	equally	equally	ADV
hassl-3373	358	9	to	to	ADP
hassl-3373	358	10	the	the	DET
hassl-3373	358	11	conception	conception	NOUN
hassl-3373	358	12	and	and	CCONJ
hassl-3373	358	13	design	design	NOUN
hassl-3373	358	14	of	of	ADP
hassl-3373	358	15	the	the	DET
hassl-3373	358	16	study	study	NOUN
hassl-3373	358	17	.	.	PUNCT
hassl-3373	359	1	references	reference	NOUN
hassl-3373	359	2	babuna	babuna	PROPN
hassl-3373	359	3	,	,	PUNCT
hassl-3373	359	4	p.	p.	PROPN
hassl-3373	359	5	,	,	PUNCT
hassl-3373	359	6	yang	yang	PROPN
hassl-3373	359	7	,	,	PUNCT
hassl-3373	359	8	x.	x.	PROPN
hassl-3373	359	9	,	,	PUNCT
hassl-3373	359	10	gyilbag	gyilbag	PROPN
hassl-3373	359	11	,	,	PUNCT
hassl-3373	359	12	a.	a.	PROPN
hassl-3373	359	13	,	,	PUNCT
hassl-3373	359	14	awudi	awudi	PROPN
hassl-3373	359	15	,	,	PUNCT
hassl-3373	359	16	d.	d.	PROPN
hassl-3373	359	17	a.	a.	PROPN
hassl-3373	359	18	,	,	PUNCT
hassl-3373	359	19	ngmenbelle	ngmenbelle	PROPN
hassl-3373	359	20	,	,	PUNCT
hassl-3373	359	21	d.	d.	PROPN
hassl-3373	359	22	,	,	PUNCT
hassl-3373	359	23	&	&	CCONJ
hassl-3373	359	24	bian	bian	PROPN
hassl-3373	359	25	,	,	PUNCT
hassl-3373	359	26	d.	d.	PROPN
hassl-3373	359	27	(	(	PUNCT
hassl-3373	359	28	2020	2020	NUM
hassl-3373	359	29	)	)	PUNCT
hassl-3373	359	30	.	.	PUNCT
hassl-3373	360	1	the	the	DET
hassl-3373	360	2	impact	impact	NOUN
hassl-3373	360	3	of	of	ADP
hassl-3373	360	4	covid-19	covid-19	PROPN
hassl-3373	360	5	on	on	ADP
hassl-3373	360	6	the	the	DET
hassl-3373	360	7	insurance	insurance	NOUN
hassl-3373	360	8	industry	industry	NOUN
hassl-3373	360	9	.	.	PUNCT
hassl-3373	361	1	international	international	ADJ
hassl-3373	361	2	journal	journal	PROPN
hassl-3373	361	3	of	of	ADP
hassl-3373	361	4	environmental	environmental	ADJ
hassl-3373	361	5	research	research	NOUN
hassl-3373	361	6	and	and	CCONJ
hassl-3373	361	7	public	public	ADJ
hassl-3373	361	8	health	health	NOUN
hassl-3373	361	9	,	,	PUNCT
hassl-3373	361	10	17(16	17(16	NUM
hassl-3373	361	11	)	)	PUNCT
hassl-3373	361	12	,	,	PUNCT
hassl-3373	361	13	5766	5766	NUM
hassl-3373	361	14	.	.	PUNCT
hassl-3373	362	1	https://doi.org/10.3390/ijerph17165766	https://doi.org/10.3390/ijerph17165766	PROPN
hassl-3373	362	2	baker	baker	PROPN
hassl-3373	362	3	,	,	PUNCT
hassl-3373	362	4	s.	s.	PROPN
hassl-3373	362	5	r.	r.	PROPN
hassl-3373	362	6	,	,	PUNCT
hassl-3373	362	7	bloom	bloom	NOUN
hassl-3373	362	8	,	,	PUNCT
hassl-3373	362	9	n.	n.	NOUN
hassl-3373	362	10	,	,	PUNCT
hassl-3373	362	11	davis	davis	PROPN
hassl-3373	362	12	,	,	PUNCT
hassl-3373	362	13	s.	s.	PROPN
hassl-3373	362	14	j.	j.	PROPN
hassl-3373	362	15	,	,	PUNCT
hassl-3373	362	16	kost	kost	PROPN
hassl-3373	362	17	,	,	PUNCT
hassl-3373	362	18	k.	k.	PROPN
hassl-3373	362	19	j.	j.	PROPN
hassl-3373	362	20	,	,	PUNCT
hassl-3373	362	21	sammon	sammon	PROPN
hassl-3373	362	22	,	,	PUNCT
hassl-3373	362	23	m.	m.	PROPN
hassl-3373	362	24	c.	c.	PROPN
hassl-3373	362	25	,	,	PUNCT
hassl-3373	362	26	&	&	CCONJ
hassl-3373	362	27	viratyosin	viratyosin	PROPN
hassl-3373	362	28	,	,	PUNCT
hassl-3373	362	29	t.	t.	PROPN
hassl-3373	362	30	(	(	PUNCT
hassl-3373	362	31	2020	2020	NUM
hassl-3373	362	32	)	)	PUNCT
hassl-3373	362	33	.	.	PUNCT
hassl-3373	363	1	the	the	DET
hassl-3373	363	2	unprecedented	unprecedented	ADJ
hassl-3373	363	3	stock	stock	NOUN
hassl-3373	363	4	market	market	NOUN
hassl-3373	363	5	impact	impact	NOUN
hassl-3373	363	6	of	of	ADP
hassl-3373	363	7	covid-19	covid-19	PROPN
hassl-3373	363	8	.	.	PUNCT
hassl-3373	363	9	retrieved	retrieve	VERB
hassl-3373	363	10	from	from	ADP
hassl-3373	363	11	(	(	PUNCT
hassl-3373	363	12	no	no	INTJ
hassl-3373	363	13	.	.	PUNCT
hassl-3373	363	14	w26945	w26945	NUM
hassl-3373	363	15	)	)	PUNCT
hassl-3373	363	16	.	.	PUNCT
hassl-3373	364	1	national	national	PROPN
hassl-3373	364	2	bureau	bureau	PROPN
hassl-3373	364	3	of	of	ADP
hassl-3373	364	4	economic	economic	ADJ
hassl-3373	364	5	research	research	NOUN
hassl-3373	364	6	.	.	PUNCT
hassl-3373	365	1	bose	bose	PROPN
hassl-3373	365	2	,	,	PUNCT
hassl-3373	365	3	s.	s.	PROPN
hassl-3373	365	4	,	,	PUNCT
hassl-3373	365	5	shams	sham	NOUN
hassl-3373	365	6	,	,	PUNCT
hassl-3373	365	7	s.	s.	PROPN
hassl-3373	365	8	,	,	PUNCT
hassl-3373	365	9	ali	ali	PROPN
hassl-3373	365	10	,	,	PUNCT
hassl-3373	365	11	m.	m.	PROPN
hassl-3373	365	12	j.	j.	PROPN
hassl-3373	365	13	,	,	PUNCT
hassl-3373	365	14	&	&	CCONJ
hassl-3373	365	15	mihret	mihret	PROPN
hassl-3373	365	16	,	,	PUNCT
hassl-3373	365	17	d.	d.	PROPN
hassl-3373	365	18	(	(	PUNCT
hassl-3373	365	19	2022	2022	NUM
hassl-3373	365	20	)	)	PUNCT
hassl-3373	365	21	.	.	PUNCT
hassl-3373	366	1	covid‐19	covid‐19	NOUN
hassl-3373	366	2	impact	impact	NOUN
hassl-3373	366	3	,	,	PUNCT
hassl-3373	366	4	sustainability	sustainability	NOUN
hassl-3373	366	5	performance	performance	NOUN
hassl-3373	366	6	and	and	CCONJ
hassl-3373	366	7	firm	firm	ADJ
hassl-3373	366	8	value	value	NOUN
hassl-3373	366	9	:	:	PUNCT
hassl-3373	366	10	international	international	ADJ
hassl-3373	366	11	evidence	evidence	NOUN
hassl-3373	366	12	.	.	PUNCT
hassl-3373	367	1	accounting	accounting	NOUN
hassl-3373	367	2	&	&	CCONJ
hassl-3373	367	3	finance	finance	PROPN
hassl-3373	367	4	,	,	PUNCT
hassl-3373	367	5	62(1	62(1	NOUN
hassl-3373	367	6	)	)	PUNCT
hassl-3373	367	7	,	,	PUNCT
hassl-3373	367	8	597	597	NUM
hassl-3373	367	9	-	-	SYM
hassl-3373	367	10	643	643	NUM
hassl-3373	367	11	.	.	PUNCT
hassl-3373	367	12	https://doi.org/10.1111/acfi.12801	https://doi.org/10.1111/acfi.12801	PROPN
hassl-3373	367	13	chen	chen	PROPN
hassl-3373	367	14	,	,	PUNCT
hassl-3373	367	15	h.	h.	PROPN
hassl-3373	367	16	,	,	PUNCT
hassl-3373	367	17	&	&	CCONJ
hassl-3373	367	18	wang	wang	PROPN
hassl-3373	367	19	,	,	PUNCT
hassl-3373	367	20	x.	x.	NOUN
hassl-3373	367	21	(	(	PUNCT
hassl-3373	367	22	2011	2011	NUM
hassl-3373	367	23	)	)	PUNCT
hassl-3373	367	24	.	.	PUNCT
hassl-3373	368	1	corporate	corporate	ADJ
hassl-3373	368	2	social	social	ADJ
hassl-3373	368	3	responsibility	responsibility	NOUN
hassl-3373	368	4	and	and	CCONJ
hassl-3373	368	5	corporate	corporate	ADJ
hassl-3373	368	6	financial	financial	ADJ
hassl-3373	368	7	performance	performance	NOUN
hassl-3373	368	8	in	in	ADP
hassl-3373	368	9	china	china	PROPN
hassl-3373	368	10	:	:	PUNCT
hassl-3373	368	11	an	an	DET
hassl-3373	368	12	empirical	empirical	ADJ
hassl-3373	368	13	research	research	NOUN
hassl-3373	368	14	from	from	ADP
hassl-3373	368	15	chinese	chinese	ADJ
hassl-3373	368	16	firms	firm	NOUN
hassl-3373	368	17	.	.	PUNCT
hassl-3373	369	1	corporate	corporate	ADJ
hassl-3373	369	2	governance	governance	NOUN
hassl-3373	369	3	:	:	PUNCT
hassl-3373	369	4	the	the	DET
hassl-3373	369	5	international	international	ADJ
hassl-3373	369	6	journal	journal	NOUN
hassl-3373	369	7	of	of	ADP
hassl-3373	369	8	business	business	NOUN
hassl-3373	369	9	in	in	ADP
hassl-3373	369	10	society	society	NOUN
hassl-3373	369	11	,	,	PUNCT
hassl-3373	369	12	11(4	11(4	NUM
hassl-3373	369	13	)	)	PUNCT
hassl-3373	369	14	,	,	PUNCT
hassl-3373	369	15	361	361	NUM
hassl-3373	369	16	-	-	SYM
hassl-3373	369	17	370	370	NUM
hassl-3373	369	18	.	.	PUNCT
hassl-3373	370	1	https://doi.org/10.1108/14720701111159217	https://doi.org/10.1108/14720701111159217	X
hassl-3373	370	2	donthu	donthu	PROPN
hassl-3373	370	3	,	,	PUNCT
hassl-3373	370	4	n.	n.	NOUN
hassl-3373	370	5	,	,	PUNCT
hassl-3373	370	6	&	&	CCONJ
hassl-3373	370	7	gustafsson	gustafsson	PROPN
hassl-3373	370	8	,	,	PUNCT
hassl-3373	370	9	a.	a.	NOUN
hassl-3373	370	10	(	(	PUNCT
hassl-3373	370	11	2020	2020	NUM
hassl-3373	370	12	)	)	PUNCT
hassl-3373	370	13	.	.	PUNCT
hassl-3373	371	1	effects	effect	NOUN
hassl-3373	371	2	of	of	ADP
hassl-3373	371	3	covid-19	covid-19	PROPN
hassl-3373	371	4	on	on	ADP
hassl-3373	371	5	business	business	NOUN
hassl-3373	371	6	and	and	CCONJ
hassl-3373	371	7	research	research	NOUN
hassl-3373	371	8	.	.	PUNCT
hassl-3373	372	1	journal	journal	PROPN
hassl-3373	372	2	of	of	ADP
hassl-3373	372	3	business	business	NOUN
hassl-3373	372	4	research	research	NOUN
hassl-3373	372	5	,	,	PUNCT
hassl-3373	372	6	117	117	NUM
hassl-3373	372	7	,	,	PUNCT
hassl-3373	372	8	284	284	NUM
hassl-3373	372	9	-	-	SYM
hassl-3373	372	10	289	289	NUM
hassl-3373	372	11	.	.	PUNCT
hassl-3373	373	1	https://doi.org/10.1016/j.jbusres.2020.06.008	https://doi.org/10.1016/j.jbusres.2020.06.008	PROPN
hassl-3373	373	2	feng	feng	PROPN
hassl-3373	373	3	,	,	PUNCT
hassl-3373	373	4	z.	z.	PROPN
hassl-3373	373	5	,	,	PUNCT
hassl-3373	373	6	&	&	CCONJ
hassl-3373	373	7	wu	wu	PROPN
hassl-3373	373	8	,	,	PUNCT
hassl-3373	373	9	z.	z.	PROPN
hassl-3373	373	10	(	(	PUNCT
hassl-3373	373	11	2021	2021	NUM
hassl-3373	373	12	)	)	PUNCT
hassl-3373	373	13	.	.	PUNCT
hassl-3373	374	1	esg	esg	PROPN
hassl-3373	374	2	disclosure	disclosure	NOUN
hassl-3373	374	3	,	,	PUNCT
hassl-3373	374	4	reit	reit	NOUN
hassl-3373	374	5	debt	debt	NOUN
hassl-3373	374	6	financing	financing	NOUN
hassl-3373	374	7	and	and	CCONJ
hassl-3373	374	8	firm	firm	ADJ
hassl-3373	374	9	value	value	NOUN
hassl-3373	374	10	.	.	PUNCT
hassl-3373	375	1	the	the	DET
hassl-3373	375	2	journal	journal	NOUN
hassl-3373	375	3	of	of	ADP
hassl-3373	375	4	real	real	ADJ
hassl-3373	375	5	estate	estate	NOUN
hassl-3373	375	6	finance	finance	NOUN
hassl-3373	375	7	and	and	CCONJ
hassl-3373	375	8	economics	economic	NOUN
hassl-3373	375	9	,	,	PUNCT
hassl-3373	375	10	1	1	NUM
hassl-3373	375	11	-	-	SYM
hassl-3373	375	12	35	35	NUM
hassl-3373	375	13	.	.	PUNCT
hassl-3373	376	1	https://doi.org/10.1007/s11146-021-09857-x	https://doi.org/10.1007/s11146-021-09857-x	NOUN
hassl-3373	376	2	harymawan	harymawan	NOUN
hassl-3373	376	3	,	,	PUNCT
hassl-3373	376	4	i.	i.	PROPN
hassl-3373	376	5	,	,	PUNCT
hassl-3373	376	6	putra	putra	PROPN
hassl-3373	376	7	,	,	PUNCT
hassl-3373	376	8	f.	f.	PROPN
hassl-3373	376	9	k.	k.	PROPN
hassl-3373	376	10	g.	g.	PROPN
hassl-3373	376	11	,	,	PUNCT
hassl-3373	376	12	rizki	rizki	PROPN
hassl-3373	376	13	,	,	PUNCT
hassl-3373	376	14	a.	a.	NOUN
hassl-3373	376	15	,	,	PUNCT
hassl-3373	376	16	&	&	CCONJ
hassl-3373	376	17	nasih	nasih	PROPN
hassl-3373	376	18	,	,	PUNCT
hassl-3373	376	19	m.	m.	NOUN
hassl-3373	376	20	(	(	PUNCT
hassl-3373	376	21	2022	2022	NUM
hassl-3373	376	22	)	)	PUNCT
hassl-3373	376	23	.	.	PUNCT
hassl-3373	377	1	innovation	innovation	NOUN
hassl-3373	377	2	intensity	intensity	NOUN
hassl-3373	377	3	of	of	ADP
hassl-3373	377	4	military	military	ADJ
hassl-3373	377	5	-	-	PUNCT
hassl-3373	377	6	connected	connect	VERB
hassl-3373	377	7	firms	firm	NOUN
hassl-3373	377	8	.	.	PUNCT
hassl-3373	378	1	international	international	ADJ
hassl-3373	378	2	journal	journal	PROPN
hassl-3373	378	3	of	of	ADP
hassl-3373	378	4	managerial	managerial	ADJ
hassl-3373	378	5	finance	finance	NOUN
hassl-3373	378	6	,	,	PUNCT
hassl-3373	378	7	18(2	18(2	NUM
hassl-3373	378	8	)	)	PUNCT
hassl-3373	378	9	,	,	PUNCT
hassl-3373	378	10	365	365	NUM
hassl-3373	378	11	-	-	SYM
hassl-3373	378	12	397	397	NUM
hassl-3373	378	13	.	.	PUNCT
hassl-3373	379	1	https://doi.org/10.1108/ijmf-12-2020-0616	https://doi.org/10.1108/ijmf-12-2020-0616	PROPN
hassl-3373	379	2	https://doi.org/10.3390/ijerph17165766	https://doi.org/10.3390/ijerph17165766	PROPN
hassl-3373	379	3	https://doi.org/10.1111/acfi.12801	https://doi.org/10.1111/acfi.12801	PROPN
hassl-3373	379	4	https://doi.org/10.1108/14720701111159217	https://doi.org/10.1108/14720701111159217	PART
hassl-3373	379	5	https://doi.org/10.1016/j.jbusres.2020.06.008	https://doi.org/10.1016/j.jbusres.2020.06.008	PROPN
hassl-3373	379	6	https://doi.org/10.1007/s11146-021-09857-x	https://doi.org/10.1007/s11146-021-09857-x	PROPN
hassl-3373	379	7	https://doi.org/10.1108/ijmf-12-2020-0616	https://doi.org/10.1108/ijmf-12-2020-0616	NOUN
hassl-3373	379	8	humanities	humanity	NOUN
hassl-3373	379	9	and	and	CCONJ
hassl-3373	379	10	social	social	ADJ
hassl-3373	379	11	sciences	science	NOUN
hassl-3373	379	12	letters	letter	NOUN
hassl-3373	379	13	,	,	PUNCT
hassl-3373	379	14	2023	2023	NUM
hassl-3373	379	15	,	,	PUNCT
hassl-3373	379	16	11(2	11(2	NUM
hassl-3373	379	17	):	):	PUNCT
hassl-3373	379	18	213	213	NUM
hassl-3373	379	19	-	-	SYM
hassl-3373	379	20	227	227	NUM
hassl-3373	379	21	227	227	NUM
hassl-3373	379	22	©	©	PROPN
hassl-3373	379	23	2023	2023	NUM
hassl-3373	379	24	conscientia	conscientia	PROPN
hassl-3373	379	25	beam	beam	PROPN
hassl-3373	379	26	.	.	PUNCT
hassl-3373	380	1	all	all	DET
hassl-3373	380	2	rights	right	NOUN
hassl-3373	380	3	reserved	reserve	VERB
hassl-3373	380	4	.	.	PUNCT
hassl-3373	381	1	hassan	hassan	PROPN
hassl-3373	381	2	,	,	PUNCT
hassl-3373	381	3	t.	t.	NOUN
hassl-3373	381	4	a.	a.	NOUN
hassl-3373	381	5	(	(	PUNCT
hassl-3373	381	6	2020	2020	NUM
hassl-3373	381	7	)	)	PUNCT
hassl-3373	381	8	.	.	PUNCT
hassl-3373	382	1	firm	firm	ADJ
hassl-3373	382	2	-	-	PUNCT
hassl-3373	382	3	level	level	NOUN
hassl-3373	382	4	exposure	exposure	NOUN
hassl-3373	382	5	to	to	ADP
hassl-3373	382	6	epidemic	epidemic	NOUN
hassl-3373	382	7	diseases	disease	NOUN
hassl-3373	382	8	:	:	PUNCT
hassl-3373	382	9	covid-19	covid-19	PROPN
hassl-3373	382	10	,	,	PUNCT
hassl-3373	382	11	sars	sar	NOUN
hassl-3373	382	12	,	,	PUNCT
hassl-3373	382	13	and	and	CCONJ
hassl-3373	383	1	h1n1	h1n1	AUX
hassl-3373	383	2	.	.	PROPN
hassl-3373	383	3	retrieved	retrieve	VERB
hassl-3373	383	4	from	from	ADP
hassl-3373	383	5	trr	trr	PROPN
hassl-3373	383	6	266	266	NUM
hassl-3373	383	7	accounting	account	VERB
hassl-3373	383	8	for	for	ADP
hassl-3373	383	9	transparency	transparency	NOUN
hassl-3373	383	10	working	working	NOUN
hassl-3373	383	11	paper	paper	PROPN
hassl-3373	383	12	series	series	PROPN
hassl-3373	383	13	no	no	PROPN
hassl-3373	383	14	.	.	PROPN
hassl-3373	383	15	24	24	NUM
hassl-3373	383	16	.	.	PUNCT
hassl-3373	384	1	heo	heo	PROPN
hassl-3373	384	2	,	,	PUNCT
hassl-3373	384	3	w.	w.	PROPN
hassl-3373	384	4	,	,	PUNCT
hassl-3373	384	5	rabbani	rabbani	PROPN
hassl-3373	384	6	,	,	PUNCT
hassl-3373	384	7	a.	a.	NOUN
hassl-3373	384	8	,	,	PUNCT
hassl-3373	384	9	&	&	CCONJ
hassl-3373	384	10	grable	grable	PROPN
hassl-3373	384	11	,	,	PUNCT
hassl-3373	384	12	j.	j.	PROPN
hassl-3373	384	13	e.	e.	PROPN
hassl-3373	384	14	(	(	PUNCT
hassl-3373	384	15	2021	2021	NUM
hassl-3373	384	16	)	)	PUNCT
hassl-3373	384	17	.	.	PUNCT
hassl-3373	385	1	an	an	DET
hassl-3373	385	2	evaluation	evaluation	NOUN
hassl-3373	385	3	of	of	ADP
hassl-3373	385	4	the	the	DET
hassl-3373	385	5	effect	effect	NOUN
hassl-3373	385	6	of	of	ADP
hassl-3373	385	7	the	the	DET
hassl-3373	385	8	covid-19	covid-19	PROPN
hassl-3373	385	9	pandemic	pandemic	NOUN
hassl-3373	385	10	on	on	ADP
hassl-3373	385	11	the	the	DET
hassl-3373	385	12	risk	risk	NOUN
hassl-3373	385	13	tolerance	tolerance	NOUN
hassl-3373	385	14	of	of	ADP
hassl-3373	385	15	financial	financial	ADJ
hassl-3373	385	16	decision	decision	NOUN
hassl-3373	385	17	makers	maker	NOUN
hassl-3373	385	18	.	.	PUNCT
hassl-3373	386	1	finance	finance	NOUN
hassl-3373	386	2	research	research	NOUN
hassl-3373	386	3	letters	letter	NOUN
hassl-3373	386	4	,	,	PUNCT
hassl-3373	386	5	41	41	NUM
hassl-3373	386	6	,	,	PUNCT
hassl-3373	386	7	101842	101842	NUM
hassl-3373	386	8	.	.	PUNCT
hassl-3373	387	1	https://doi.org/10.1016/j.frl.2020.101842	https://doi.org/10.1016/j.frl.2020.101842	PROPN
hassl-3373	387	2	huo	huo	NOUN
hassl-3373	387	3	,	,	PUNCT
hassl-3373	387	4	x.	x.	NOUN
hassl-3373	387	5	,	,	PUNCT
hassl-3373	387	6	&	&	CCONJ
hassl-3373	387	7	qiu	qiu	PROPN
hassl-3373	387	8	,	,	PUNCT
hassl-3373	387	9	z.	z.	PROPN
hassl-3373	387	10	(	(	PUNCT
hassl-3373	387	11	2020	2020	NUM
hassl-3373	387	12	)	)	PUNCT
hassl-3373	387	13	.	.	PUNCT
hassl-3373	388	1	how	how	SCONJ
hassl-3373	388	2	does	do	AUX
hassl-3373	388	3	china	china	PROPN
hassl-3373	388	4	’s	’s	PART
hassl-3373	388	5	stock	stock	NOUN
hassl-3373	388	6	market	market	NOUN
hassl-3373	388	7	react	react	VERB
hassl-3373	388	8	to	to	ADP
hassl-3373	388	9	the	the	DET
hassl-3373	388	10	announcement	announcement	NOUN
hassl-3373	388	11	of	of	ADP
hassl-3373	388	12	the	the	DET
hassl-3373	388	13	covid-19	covid-19	PROPN
hassl-3373	388	14	pandemic	pandemic	ADJ
hassl-3373	388	15	lockdown	lockdown	NOUN
hassl-3373	388	16	?	?	PUNCT
hassl-3373	389	1	economic	economic	ADJ
hassl-3373	389	2	and	and	CCONJ
hassl-3373	389	3	political	political	ADJ
hassl-3373	389	4	studies	study	NOUN
hassl-3373	389	5	,	,	PUNCT
hassl-3373	389	6	8(4	8(4	NUM
hassl-3373	389	7	)	)	PUNCT
hassl-3373	389	8	,	,	PUNCT
hassl-3373	389	9	436	436	NUM
hassl-3373	389	10	-	-	SYM
hassl-3373	389	11	461	461	NUM
hassl-3373	389	12	.	.	PUNCT
hassl-3373	389	13	https://doi.org/10.1080/20954816.2020.1780695	https://doi.org/10.1080/20954816.2020.1780695	X
hassl-3373	390	1	joseph	joseph	PROPN
hassl-3373	390	2	,	,	PUNCT
hassl-3373	390	3	a.	a.	PROPN
hassl-3373	390	4	,	,	PUNCT
hassl-3373	390	5	kneer	kneer	NOUN
hassl-3373	390	6	,	,	PUNCT
hassl-3373	390	7	c.	c.	PROPN
hassl-3373	390	8	,	,	PUNCT
hassl-3373	390	9	&	&	CCONJ
hassl-3373	390	10	van	van	PROPN
hassl-3373	390	11	horen	horen	PROPN
hassl-3373	390	12	,	,	PUNCT
hassl-3373	390	13	n.	n.	NOUN
hassl-3373	390	14	(	(	PUNCT
hassl-3373	390	15	2020	2020	NUM
hassl-3373	390	16	)	)	PUNCT
hassl-3373	390	17	.	.	PUNCT
hassl-3373	391	1	all	all	PRON
hassl-3373	391	2	you	you	PRON
hassl-3373	391	3	need	need	VERB
hassl-3373	391	4	is	be	AUX
hassl-3373	391	5	cash	cash	NOUN
hassl-3373	391	6	:	:	PUNCT
hassl-3373	391	7	corporate	corporate	ADJ
hassl-3373	391	8	cash	cash	NOUN
hassl-3373	391	9	holdings	holding	NOUN
hassl-3373	391	10	and	and	CCONJ
hassl-3373	391	11	investment	investment	NOUN
hassl-3373	391	12	after	after	ADP
hassl-3373	391	13	the	the	DET
hassl-3373	391	14	financial	financial	ADJ
hassl-3373	391	15	crisis	crisis	NOUN
hassl-3373	391	16	.	.	PUNCT
hassl-3373	392	1	retrieved	retrieve	VERB
hassl-3373	392	2	from	from	ADP
hassl-3373	392	3	https://ssrn.com/abstract=3592376	https://ssrn.com/abstract=3592376	PROPN
hassl-3373	392	4	kompas	kompas	PROPN
hassl-3373	392	5	.	.	PUNCT
hassl-3373	393	1	(	(	PUNCT
hassl-3373	393	2	2020	2020	NUM
hassl-3373	393	3	)	)	PUNCT
hassl-3373	393	4	.	.	PUNCT
hassl-3373	394	1	announced	announce	VERB
hassl-3373	394	2	in	in	ADP
hassl-3373	394	3	early	early	ADJ
hassl-3373	394	4	march	march	NOUN
hassl-3373	394	5	,	,	PUNCT
hassl-3373	394	6	expert	expert	NOUN
hassl-3373	394	7	:	:	PUNCT
hassl-3373	394	8	corona	corona	NOUN
hassl-3373	394	9	virus	virus	NOUN
hassl-3373	394	10	entered	enter	VERB
hassl-3373	394	11	indonesia	indonesia	PROPN
hassl-3373	394	12	from	from	ADP
hassl-3373	394	13	january	january	PROPN
hassl-3373	394	14	.	.	PUNCT
hassl-3373	395	1	retrieved	retrieve	VERB
hassl-3373	395	2	from	from	ADP
hassl-3373	395	3	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masukindonesia-dari-januari?page=all	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masukindonesia-dari-januari?page=all	PROPN
hassl-3373	395	4	li	li	PROPN
hassl-3373	395	5	,	,	PUNCT
hassl-3373	395	6	s.	s.	PROPN
hassl-3373	395	7	,	,	PUNCT
hassl-3373	395	8	li	li	PROPN
hassl-3373	395	9	,	,	PUNCT
hassl-3373	395	10	t.	t.	PROPN
hassl-3373	395	11	,	,	PUNCT
hassl-3373	395	12	yang	yang	PROPN
hassl-3373	395	13	,	,	PUNCT
hassl-3373	395	14	j.	j.	PROPN
hassl-3373	395	15	,	,	PUNCT
hassl-3373	395	16	&	&	CCONJ
hassl-3373	395	17	zhao	zhao	PROPN
hassl-3373	395	18	,	,	PUNCT
hassl-3373	395	19	s.	s.	PROPN
hassl-3373	395	20	(	(	PUNCT
hassl-3373	395	21	2021	2021	NUM
hassl-3373	395	22	)	)	PUNCT
hassl-3373	395	23	.	.	PUNCT
hassl-3373	396	1	tobin’sq	tobin’sq	NUM
hassl-3373	396	2	and	and	CCONJ
hassl-3373	396	3	corporate	corporate	ADJ
hassl-3373	396	4	investment	investment	NOUN
hassl-3373	396	5	with	with	ADP
hassl-3373	396	6	a	a	DET
hassl-3373	396	7	pandemic	pandemic	ADJ
hassl-3373	396	8	shock	shock	NOUN
hassl-3373	396	9	.	.	PUNCT
hassl-3373	397	1	economics	economic	NOUN
hassl-3373	397	2	letters	letter	NOUN
hassl-3373	397	3	,	,	PUNCT
hassl-3373	397	4	209	209	NUM
hassl-3373	397	5	,	,	PUNCT
hassl-3373	397	6	110141	110141	NUM
hassl-3373	397	7	.	.	PUNCT
hassl-3373	398	1	https://doi.org/10.1016/j.econlet.2021.110141	https://doi.org/10.1016/j.econlet.2021.110141	ADJ
hassl-3373	398	2	nasih	nasih	NOUN
hassl-3373	398	3	,	,	PUNCT
hassl-3373	398	4	m.	m.	NOUN
hassl-3373	398	5	,	,	PUNCT
hassl-3373	398	6	harymawan	harymawan	PROPN
hassl-3373	398	7	,	,	PUNCT
hassl-3373	398	8	i.	i.	PROPN
hassl-3373	398	9	,	,	PUNCT
hassl-3373	398	10	putra	putra	PROPN
hassl-3373	398	11	,	,	PUNCT
hassl-3373	398	12	f.	f.	PROPN
hassl-3373	398	13	k.	k.	PROPN
hassl-3373	398	14	g.	g.	PROPN
hassl-3373	398	15	,	,	PUNCT
hassl-3373	398	16	&	&	CCONJ
hassl-3373	398	17	qotrunnada	qotrunnada	PROPN
hassl-3373	398	18	,	,	PUNCT
hassl-3373	398	19	r.	r.	PROPN
hassl-3373	398	20	(	(	PUNCT
hassl-3373	398	21	2019	2019	NUM
hassl-3373	398	22	)	)	PUNCT
hassl-3373	398	23	.	.	PUNCT
hassl-3373	399	1	military	military	PROPN
hassl-3373	399	2	experienced	experience	VERB
hassl-3373	399	3	board	board	PROPN
hassl-3373	399	4	and	and	CCONJ
hassl-3373	399	5	corporate	corporate	ADJ
hassl-3373	399	6	social	social	ADJ
hassl-3373	399	7	responsibility	responsibility	NOUN
hassl-3373	399	8	disclosure	disclosure	NOUN
hassl-3373	399	9	:	:	PUNCT
hassl-3373	399	10	an	an	DET
hassl-3373	399	11	empirical	empirical	ADJ
hassl-3373	399	12	evidence	evidence	NOUN
hassl-3373	399	13	from	from	ADP
hassl-3373	399	14	indonesia	indonesia	PROPN
hassl-3373	399	15	.	.	PUNCT
hassl-3373	400	1	entrepreneurship	entrepreneurship	NOUN
hassl-3373	400	2	and	and	CCONJ
hassl-3373	400	3	sustainability	sustainability	NOUN
hassl-3373	400	4	issues	issue	NOUN
hassl-3373	400	5	,	,	PUNCT
hassl-3373	400	6	7(1	7(1	NUM
hassl-3373	400	7	)	)	PUNCT
hassl-3373	400	8	,	,	PUNCT
hassl-3373	400	9	553	553	NUM
hassl-3373	400	10	-	-	SYM
hassl-3373	400	11	573	573	NUM
hassl-3373	400	12	.	.	PUNCT
hassl-3373	401	1	https://doi.org/10.9770/jesi.2019.7.1(39	https://doi.org/10.9770/jesi.2019.7.1(39	ADJ
hassl-3373	401	2	)	)	PUNCT
hassl-3373	401	3	petersen	petersen	PROPN
hassl-3373	401	4	,	,	PUNCT
hassl-3373	401	5	m.	m.	NOUN
hassl-3373	401	6	a.	a.	NOUN
hassl-3373	401	7	(	(	PUNCT
hassl-3373	401	8	2008	2008	NUM
hassl-3373	401	9	)	)	PUNCT
hassl-3373	401	10	.	.	PUNCT
hassl-3373	402	1	estimating	estimate	VERB
hassl-3373	402	2	standard	standard	ADJ
hassl-3373	402	3	errors	error	NOUN
hassl-3373	402	4	in	in	ADP
hassl-3373	402	5	finance	finance	NOUN
hassl-3373	402	6	panel	panel	NOUN
hassl-3373	402	7	data	datum	NOUN
hassl-3373	402	8	sets	set	NOUN
hassl-3373	402	9	:	:	PUNCT
hassl-3373	402	10	comparing	compare	VERB
hassl-3373	402	11	approaches	approach	NOUN
hassl-3373	402	12	.	.	PUNCT
hassl-3373	403	1	the	the	DET
hassl-3373	403	2	review	review	NOUN
hassl-3373	403	3	of	of	ADP
hassl-3373	403	4	financial	financial	ADJ
hassl-3373	403	5	studies	study	NOUN
hassl-3373	403	6	,	,	PUNCT
hassl-3373	403	7	22(1	22(1	NUM
hassl-3373	403	8	)	)	PUNCT
hassl-3373	403	9	,	,	PUNCT
hassl-3373	403	10	435	435	NUM
hassl-3373	403	11	-	-	SYM
hassl-3373	403	12	480	480	NUM
hassl-3373	403	13	.	.	PUNCT
hassl-3373	404	1	http://dx.doi.org/10.2139/ssrn.661481	http://dx.doi.org/10.2139/ssrn.661481	PROPN
hassl-3373	404	2	qiu	qiu	PROPN
hassl-3373	404	3	,	,	PUNCT
hassl-3373	404	4	s.	s.	PROPN
hassl-3373	404	5	c.	c.	PROPN
hassl-3373	404	6	,	,	PUNCT
hassl-3373	404	7	jiang	jiang	PROPN
hassl-3373	404	8	,	,	PUNCT
hassl-3373	404	9	j.	j.	PROPN
hassl-3373	404	10	,	,	PUNCT
hassl-3373	404	11	liu	liu	PROPN
hassl-3373	404	12	,	,	PUNCT
hassl-3373	404	13	x.	x.	PROPN
hassl-3373	404	14	,	,	PUNCT
hassl-3373	404	15	chen	chen	PROPN
hassl-3373	404	16	,	,	PUNCT
hassl-3373	404	17	m.-h	m.-h	PROPN
hassl-3373	404	18	.	.	PROPN
hassl-3373	404	19	,	,	PUNCT
hassl-3373	404	20	&	&	CCONJ
hassl-3373	404	21	yuan	yuan	PROPN
hassl-3373	404	22	,	,	PUNCT
hassl-3373	404	23	x.	x.	NOUN
hassl-3373	404	24	(	(	PUNCT
hassl-3373	404	25	2021	2021	NUM
hassl-3373	404	26	)	)	PUNCT
hassl-3373	404	27	.	.	PUNCT
hassl-3373	405	1	can	can	AUX
hassl-3373	405	2	corporate	corporate	VERB
hassl-3373	405	3	social	social	ADJ
hassl-3373	405	4	responsibility	responsibility	NOUN
hassl-3373	405	5	protect	protect	VERB
hassl-3373	405	6	firm	firm	ADJ
hassl-3373	405	7	value	value	NOUN
hassl-3373	405	8	during	during	ADP
hassl-3373	405	9	the	the	DET
hassl-3373	405	10	covid-19	covid-19	PROPN
hassl-3373	405	11	pandemic	pandemic	NOUN
hassl-3373	405	12	?	?	PUNCT
hassl-3373	406	1	international	international	ADJ
hassl-3373	406	2	journal	journal	PROPN
hassl-3373	406	3	of	of	ADP
hassl-3373	406	4	hospitality	hospitality	PROPN
hassl-3373	406	5	management	management	NOUN
hassl-3373	406	6	,	,	PUNCT
hassl-3373	406	7	93	93	NUM
hassl-3373	406	8	,	,	PUNCT
hassl-3373	406	9	102759	102759	NUM
hassl-3373	406	10	.	.	PUNCT
hassl-3373	407	1	https://doi.org/10.1016/j.ijhm.2020.102759	https://doi.org/10.1016/j.ijhm.2020.102759	PROPN
hassl-3373	407	2	ramelli	ramelli	PROPN
hassl-3373	407	3	,	,	PUNCT
hassl-3373	407	4	s.	s.	PROPN
hassl-3373	407	5	,	,	PUNCT
hassl-3373	407	6	&	&	CCONJ
hassl-3373	407	7	wagner	wagner	PROPN
hassl-3373	407	8	,	,	PUNCT
hassl-3373	407	9	a.	a.	PROPN
hassl-3373	407	10	f.	f.	PROPN
hassl-3373	407	11	(	(	PUNCT
hassl-3373	407	12	2020	2020	NUM
hassl-3373	407	13	)	)	PUNCT
hassl-3373	407	14	.	.	PUNCT
hassl-3373	408	1	feverish	feverish	ADJ
hassl-3373	408	2	stock	stock	NOUN
hassl-3373	408	3	price	price	NOUN
hassl-3373	408	4	reactions	reaction	NOUN
hassl-3373	408	5	to	to	ADP
hassl-3373	408	6	covid-19	covid-19	PROPN
hassl-3373	408	7	.	.	PUNCT
hassl-3373	409	1	the	the	DET
hassl-3373	409	2	review	review	NOUN
hassl-3373	409	3	of	of	ADP
hassl-3373	409	4	corporate	corporate	ADJ
hassl-3373	409	5	finance	finance	NOUN
hassl-3373	409	6	studies	study	NOUN
hassl-3373	409	7	,	,	PUNCT
hassl-3373	409	8	9(3	9(3	NUM
hassl-3373	409	9	)	)	PUNCT
hassl-3373	409	10	,	,	PUNCT
hassl-3373	409	11	622	622	NUM
hassl-3373	409	12	-	-	SYM
hassl-3373	409	13	655	655	NUM
hassl-3373	409	14	.	.	PUNCT
hassl-3373	410	1	https://doi.org/10.1093/rcfs/cfaa012	https://doi.org/10.1093/rcfs/cfaa012	PROPN
hassl-3373	410	2	rizwan	rizwan	PROPN
hassl-3373	410	3	,	,	PUNCT
hassl-3373	410	4	m.	m.	PROPN
hassl-3373	410	5	s.	s.	PROPN
hassl-3373	410	6	,	,	PUNCT
hassl-3373	410	7	ahmad	ahmad	PROPN
hassl-3373	410	8	,	,	PUNCT
hassl-3373	410	9	g.	g.	PROPN
hassl-3373	410	10	,	,	PUNCT
hassl-3373	410	11	&	&	CCONJ
hassl-3373	410	12	ashraf	ashraf	PROPN
hassl-3373	410	13	,	,	PUNCT
hassl-3373	410	14	d.	d.	PROPN
hassl-3373	410	15	(	(	PUNCT
hassl-3373	410	16	2020	2020	NUM
hassl-3373	410	17	)	)	PUNCT
hassl-3373	410	18	.	.	PUNCT
hassl-3373	411	1	systemic	systemic	ADJ
hassl-3373	411	2	risk	risk	NOUN
hassl-3373	411	3	:	:	PUNCT
hassl-3373	411	4	the	the	DET
hassl-3373	411	5	impact	impact	NOUN
hassl-3373	411	6	of	of	ADP
hassl-3373	411	7	covid-19	covid-19	PROPN
hassl-3373	411	8	.	.	PUNCT
hassl-3373	411	9	finance	finance	NOUN
hassl-3373	411	10	research	research	NOUN
hassl-3373	411	11	letters	letter	NOUN
hassl-3373	411	12	,	,	PUNCT
hassl-3373	411	13	36	36	NUM
hassl-3373	411	14	,	,	PUNCT
hassl-3373	411	15	101682	101682	NUM
hassl-3373	411	16	.	.	PUNCT
hassl-3373	412	1	https://doi.org/10.1016/j.frl.2020.101682	https://doi.org/10.1016/j.frl.2020.101682	PROPN
hassl-3373	412	2	spence	spence	PROPN
hassl-3373	412	3	,	,	PUNCT
hassl-3373	412	4	m.	m.	NOUN
hassl-3373	412	5	(	(	PUNCT
hassl-3373	412	6	1973	1973	NUM
hassl-3373	412	7	)	)	PUNCT
hassl-3373	412	8	.	.	PUNCT
hassl-3373	413	1	job	job	NOUN
hassl-3373	413	2	market	market	NOUN
hassl-3373	413	3	signaling	signal	VERB
hassl-3373	413	4	.	.	PUNCT
hassl-3373	414	1	the	the	DET
hassl-3373	414	2	quarterly	quarterly	ADJ
hassl-3373	414	3	journal	journal	NOUN
hassl-3373	414	4	of	of	ADP
hassl-3373	414	5	economics	economic	NOUN
hassl-3373	414	6	,	,	PUNCT
hassl-3373	414	7	87(3	87(3	NOUN
hassl-3373	414	8	)	)	PUNCT
hassl-3373	414	9	,	,	PUNCT
hassl-3373	414	10	355–374	355–374	NUM
hassl-3373	414	11	.	.	PUNCT
hassl-3373	414	12	https://doi.org/10.2307/1882010	https://doi.org/10.2307/1882010	PROPN
hassl-3373	414	13	wang	wang	PROPN
hassl-3373	414	14	,	,	PUNCT
hassl-3373	414	15	l.	l.	PROPN
hassl-3373	414	16	,	,	PUNCT
hassl-3373	414	17	yu	yu	PROPN
hassl-3373	414	18	,	,	PUNCT
hassl-3373	414	19	j.	j.	PROPN
hassl-3373	414	20	,	,	PUNCT
hassl-3373	414	21	&	&	CCONJ
hassl-3373	414	22	chan	chan	PROPN
hassl-3373	414	23	,	,	PUNCT
hassl-3373	414	24	k.	k.	PROPN
hassl-3373	414	25	c.	c.	PROPN
hassl-3373	414	26	(	(	PUNCT
hassl-3373	414	27	2021	2021	NUM
hassl-3373	414	28	)	)	PUNCT
hassl-3373	414	29	.	.	PUNCT
hassl-3373	415	1	product	product	NOUN
hassl-3373	415	2	line	line	NOUN
hassl-3373	415	3	transformation	transformation	NOUN
hassl-3373	415	4	,	,	PUNCT
hassl-3373	415	5	foreign	foreign	ADJ
hassl-3373	415	6	sales	sale	NOUN
hassl-3373	415	7	,	,	PUNCT
hassl-3373	415	8	and	and	CCONJ
hassl-3373	415	9	firm	firm	ADJ
hassl-3373	415	10	value	value	NOUN
hassl-3373	415	11	:	:	PUNCT
hassl-3373	415	12	evidence	evidence	NOUN
hassl-3373	415	13	from	from	ADP
hassl-3373	415	14	covid-19	covid-19	PROPN
hassl-3373	415	15	pandemic	pandemic	ADJ
hassl-3373	415	16	governance	governance	NOUN
hassl-3373	415	17	in	in	ADP
hassl-3373	415	18	urban	urban	ADJ
hassl-3373	415	19	china	china	PROPN
hassl-3373	415	20	.	.	PUNCT
hassl-3373	416	1	research	research	NOUN
hassl-3373	416	2	in	in	ADP
hassl-3373	416	3	international	international	ADJ
hassl-3373	416	4	business	business	NOUN
hassl-3373	416	5	and	and	CCONJ
hassl-3373	416	6	finance	finance	NOUN
hassl-3373	416	7	,	,	PUNCT
hassl-3373	416	8	58	58	NUM
hassl-3373	416	9	,	,	PUNCT
hassl-3373	416	10	101487	101487	NUM
hassl-3373	416	11	.	.	PUNCT
hassl-3373	417	1	https://doi.org/10.1016/j.ribaf.2021.101487	https://doi.org/10.1016/j.ribaf.2021.101487	PROPN
hassl-3373	417	2	xiong	xiong	PROPN
hassl-3373	417	3	,	,	PUNCT
hassl-3373	417	4	h.	h.	PROPN
hassl-3373	417	5	,	,	PUNCT
hassl-3373	417	6	wu	wu	PROPN
hassl-3373	417	7	,	,	PUNCT
hassl-3373	417	8	z.	z.	PROPN
hassl-3373	417	9	,	,	PUNCT
hassl-3373	417	10	hou	hou	PROPN
hassl-3373	417	11	,	,	PUNCT
hassl-3373	417	12	f.	f.	PROPN
hassl-3373	417	13	,	,	PUNCT
hassl-3373	417	14	&	&	CCONJ
hassl-3373	417	15	zhang	zhang	PROPN
hassl-3373	417	16	,	,	PUNCT
hassl-3373	417	17	j.	j.	PROPN
hassl-3373	417	18	(	(	PUNCT
hassl-3373	417	19	2020	2020	NUM
hassl-3373	417	20	)	)	PUNCT
hassl-3373	417	21	.	.	PUNCT
hassl-3373	418	1	which	which	DET
hassl-3373	418	2	firm	firm	ADJ
hassl-3373	418	3	-	-	PUNCT
hassl-3373	418	4	specific	specific	ADJ
hassl-3373	418	5	characteristics	characteristic	NOUN
hassl-3373	418	6	affect	affect	VERB
hassl-3373	418	7	the	the	DET
hassl-3373	418	8	market	market	NOUN
hassl-3373	418	9	reaction	reaction	NOUN
hassl-3373	418	10	of	of	ADP
hassl-3373	418	11	chinese	chinese	ADJ
hassl-3373	418	12	listed	list	VERB
hassl-3373	418	13	companies	company	NOUN
hassl-3373	418	14	to	to	ADP
hassl-3373	418	15	the	the	DET
hassl-3373	418	16	covid-19	covid-19	PROPN
hassl-3373	418	17	pandemic	pandemic	NOUN
hassl-3373	418	18	?	?	PUNCT
hassl-3373	419	1	emerging	emerge	VERB
hassl-3373	419	2	markets	market	NOUN
hassl-3373	419	3	finance	finance	NOUN
hassl-3373	419	4	and	and	CCONJ
hassl-3373	419	5	trade	trade	NOUN
hassl-3373	419	6	,	,	PUNCT
hassl-3373	419	7	56(10	56(10	NUM
hassl-3373	419	8	)	)	PUNCT
hassl-3373	419	9	,	,	PUNCT
hassl-3373	419	10	2231	2231	NUM
hassl-3373	419	11	-	-	SYM
hassl-3373	419	12	2242	2242	NUM
hassl-3373	419	13	.	.	PUNCT
hassl-3373	420	1	https://doi.org/10.1080/1540496x.2020.1787151	https://doi.org/10.1080/1540496x.2020.1787151	NOUN
hassl-3373	420	2	views	view	NOUN
hassl-3373	420	3	and	and	CCONJ
hassl-3373	420	4	opinions	opinion	NOUN
hassl-3373	420	5	expressed	express	VERB
hassl-3373	420	6	in	in	ADP
hassl-3373	420	7	this	this	DET
hassl-3373	420	8	article	article	NOUN
hassl-3373	420	9	are	be	AUX
hassl-3373	420	10	the	the	DET
hassl-3373	420	11	views	view	NOUN
hassl-3373	420	12	and	and	CCONJ
hassl-3373	420	13	opinions	opinion	NOUN
hassl-3373	420	14	of	of	ADP
hassl-3373	420	15	the	the	DET
hassl-3373	420	16	author(s	author(s	NOUN
hassl-3373	420	17	)	)	PUNCT
hassl-3373	420	18	.	.	PUNCT
hassl-3373	421	1	humanities	humanity	NOUN
hassl-3373	421	2	and	and	CCONJ
hassl-3373	421	3	social	social	ADJ
hassl-3373	421	4	sciences	science	NOUN
hassl-3373	421	5	letters	letter	NOUN
hassl-3373	421	6	shall	shall	AUX
hassl-3373	421	7	not	not	PART
hassl-3373	421	8	be	be	AUX
hassl-3373	421	9	responsible	responsible	ADJ
hassl-3373	421	10	or	or	CCONJ
hassl-3373	421	11	answerable	answerable	ADJ
hassl-3373	421	12	for	for	ADP
hassl-3373	421	13	any	any	DET
hassl-3373	421	14	loss	loss	NOUN
hassl-3373	421	15	,	,	PUNCT
hassl-3373	421	16	damage	damage	NOUN
hassl-3373	421	17	or	or	CCONJ
hassl-3373	421	18	liability	liability	NOUN
hassl-3373	421	19	,	,	PUNCT
hassl-3373	421	20	etc	etc	X
hassl-3373	421	21	.	.	X
hassl-3373	421	22	,	,	PUNCT
hassl-3373	421	23	caused	cause	VERB
hassl-3373	421	24	in	in	ADP
hassl-3373	421	25	relation	relation	NOUN
hassl-3373	421	26	to	to	PART
hassl-3373	421	27	/	/	SYM
hassl-3373	421	28	arising	arise	VERB
hassl-3373	421	29	from	from	ADP
hassl-3373	421	30	the	the	DET
hassl-3373	421	31	use	use	NOUN
hassl-3373	421	32	of	of	ADP
hassl-3373	421	33	the	the	DET
hassl-3373	421	34	content	content	NOUN
hassl-3373	421	35	.	.	PUNCT
hassl-3373	422	1	https://doi.org/10.1016/j.frl.2020.101842	https://doi.org/10.1016/j.frl.2020.101842	ADV
hassl-3373	422	2	https://doi.org/10.1080/20954816.2020.1780695	https://doi.org/10.1080/20954816.2020.1780695	X
hassl-3373	423	1	https://ssrn.com/abstract=3592376	https://ssrn.com/abstract=3592376	NOUN
hassl-3373	423	2	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masuk-indonesia-dari-januari?page=all	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masuk-indonesia-dari-januari?page=all	VERB
hassl-3373	423	3	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masuk-indonesia-dari-januari?page=all	https://www.kompas.com/sains/read/2020/05/11/130600623/diumumkan-awal-maret-ahli--virus-corona-masuk-indonesia-dari-januari?page=all	NOUN
hassl-3373	423	4	https://doi.org/10.1016/j.econlet.2021.110141	https://doi.org/10.1016/j.econlet.2021.110141	ADV
hassl-3373	423	5	https://doi.org/10.9770/jesi.2019.7.1(39	https://doi.org/10.9770/jesi.2019.7.1(39	ADJ
hassl-3373	423	6	http://dx.doi.org/10.2139/ssrn.661481	http://dx.doi.org/10.2139/ssrn.661481	PUNCT
hassl-3373	423	7	https://doi.org/10.1016/j.ijhm.2020.102759	https://doi.org/10.1016/j.ijhm.2020.102759	PROPN
hassl-3373	423	8	https://doi.org/10.1093/rcfs/cfaa012	https://doi.org/10.1093/rcfs/cfaa012	PROPN
hassl-3373	423	9	https://doi.org/10.1016/j.frl.2020.101682	https://doi.org/10.1016/j.frl.2020.101682	PROPN
hassl-3373	423	10	https://doi.org/10.2307/1882010	https://doi.org/10.2307/1882010	NOUN
hassl-3373	423	11	https://doi.org/10.1016/j.ribaf.2021.101487	https://doi.org/10.1016/j.ribaf.2021.101487	PROPN
hassl-3373	423	12	https://doi.org/10.1080/1540496x.2020.1787151	https://doi.org/10.1080/1540496x.2020.1787151	X