id	sid	tid	token	lemma	pos
hassl-832	1	1	225	225	NUM
hassl-832	1	2	©	©	PROPN
hassl-832	1	3	2019	2019	NUM
hassl-832	1	4	conscientia	conscientia	PROPN
hassl-832	1	5	beam	beam	PROPN
hassl-832	1	6	.	.	PUNCT
hassl-832	2	1	all	all	DET
hassl-832	2	2	rights	right	NOUN
hassl-832	2	3	reserved	reserve	VERB
hassl-832	2	4	.	.	PUNCT
hassl-832	3	1	short	short	ADJ
hassl-832	3	2	-	-	PUNCT
hassl-832	3	3	run	run	NOUN
hassl-832	3	4	dynamics	dynamic	NOUN
hassl-832	3	5	between	between	ADP
hassl-832	3	6	trading	trade	VERB
hassl-832	3	7	participants	participant	NOUN
hassl-832	3	8	in	in	ADP
hassl-832	3	9	bursa	bursa	PROPN
hassl-832	3	10	malaysia	malaysia	PROPN
hassl-832	3	11	during	during	ADP
hassl-832	3	12	qe	qe	PROPN
hassl-832	3	13	and	and	CCONJ
hassl-832	3	14	post	post	ADJ
hassl-832	3	15	-	-	ADJ
hassl-832	3	16	qe	qe	ADJ
hassl-832	3	17	exit	exit	NOUN
hassl-832	3	18	wee	wee	PROPN
hassl-832	3	19	-	-	PUNCT
hassl-832	3	20	yeap	yeap	PROPN
hassl-832	3	21	lau1	lau1	PROPN
hassl-832	3	22	+	+	CCONJ
hassl-832	3	23	tien	tien	PROPN
hassl-832	3	24	-	-	PUNCT
hassl-832	3	25	ming	me	VERB
hassl-832	3	26	yip2	yip2	PROPN
hassl-832	3	27	1,2faculty	1,2faculty	NUM
hassl-832	3	28	of	of	ADP
hassl-832	3	29	economics	economic	NOUN
hassl-832	3	30	and	and	CCONJ
hassl-832	3	31	administration	administration	NOUN
hassl-832	3	32	,	,	PUNCT
hassl-832	3	33	university	university	PROPN
hassl-832	3	34	of	of	ADP
hassl-832	3	35	malaya	malaya	PROPN
hassl-832	3	36	,	,	PUNCT
hassl-832	3	37	malaysia	malaysia	PROPN
hassl-832	3	38	.	.	PUNCT
hassl-832	4	1	(	(	PUNCT
hassl-832	4	2	+	+	CCONJ
hassl-832	4	3	corresponding	correspond	VERB
hassl-832	4	4	author	author	NOUN
hassl-832	4	5	)	)	PUNCT
hassl-832	4	6	abstract	abstract	ADJ
hassl-832	4	7	article	article	NOUN
hassl-832	4	8	history	history	NOUN
hassl-832	4	9	received	receive	VERB
hassl-832	4	10	:	:	PUNCT
hassl-832	4	11	19	19	NUM
hassl-832	4	12	august	august	PROPN
hassl-832	4	13	2019	2019	NUM
hassl-832	4	14	revised	revise	VERB
hassl-832	4	15	:	:	PUNCT
hassl-832	4	16	23	23	NUM
hassl-832	4	17	september	september	PROPN
hassl-832	4	18	2019	2019	NUM
hassl-832	4	19	accepted	accept	VERB
hassl-832	4	20	:	:	PUNCT
hassl-832	4	21	25	25	NUM
hassl-832	4	22	october	october	NOUN
hassl-832	4	23	2019	2019	NUM
hassl-832	4	24	published	publish	VERB
hassl-832	4	25	:	:	PUNCT
hassl-832	4	26	10	10	NUM
hassl-832	4	27	december	december	PROPN
hassl-832	4	28	2019	2019	NUM
hassl-832	4	29	keywords	keyword	NOUN
hassl-832	4	30	quantitative	quantitative	ADJ
hassl-832	4	31	easing	ease	VERB
hassl-832	4	32	institutional	institutional	ADJ
hassl-832	4	33	investors	investor	NOUN
hassl-832	4	34	foreign	foreign	ADJ
hassl-832	4	35	fund	fund	NOUN
hassl-832	4	36	market	market	NOUN
hassl-832	4	37	microstructure	microstructure	NOUN
hassl-832	4	38	malaysia	malaysia	PROPN
hassl-832	4	39	.	.	PUNCT
hassl-832	5	1	jel	jel	PROPN
hassl-832	5	2	classification	classification	PROPN
hassl-832	5	3	c10	c10	PROPN
hassl-832	5	4	;	;	PUNCT
hassl-832	5	5	g11	g11	X
hassl-832	5	6	;	;	PUNCT
hassl-832	5	7	g14	g14	PROPN
hassl-832	5	8	.	.	PUNCT
hassl-832	6	1	this	this	DET
hassl-832	6	2	study	study	NOUN
hassl-832	6	3	investigates	investigate	VERB
hassl-832	6	4	the	the	DET
hassl-832	6	5	trading	trading	NOUN
hassl-832	6	6	dynamics	dynamic	NOUN
hassl-832	6	7	between	between	ADP
hassl-832	6	8	institutional	institutional	ADJ
hassl-832	6	9	,	,	PUNCT
hassl-832	6	10	foreign	foreign	ADJ
hassl-832	6	11	and	and	CCONJ
hassl-832	6	12	retail	retail	ADJ
hassl-832	6	13	investors	investor	NOUN
hassl-832	6	14	during	during	ADP
hassl-832	6	15	quantitative	quantitative	ADJ
hassl-832	6	16	easing	ease	VERB
hassl-832	6	17	(	(	PUNCT
hassl-832	6	18	qe	qe	PROPN
hassl-832	6	19	)	)	PUNCT
hassl-832	6	20	tapering	tapering	NOUN
hassl-832	6	21	and	and	CCONJ
hassl-832	6	22	post	post	ADJ
hassl-832	6	23	-	-	ADJ
hassl-832	6	24	qe	qe	ADJ
hassl-832	6	25	exit	exit	NOUN
hassl-832	6	26	.	.	PUNCT
hassl-832	7	1	an	an	DET
hassl-832	7	2	analytical	analytical	ADJ
hassl-832	7	3	framework	framework	NOUN
hassl-832	7	4	is	be	AUX
hassl-832	7	5	developed	develop	VERB
hassl-832	7	6	to	to	PART
hassl-832	7	7	classify	classify	VERB
hassl-832	7	8	all	all	DET
hassl-832	7	9	transactions	transaction	NOUN
hassl-832	7	10	into	into	ADP
hassl-832	7	11	trading	trading	NOUN
hassl-832	7	12	,	,	PUNCT
hassl-832	7	13	short	short	NOUN
hassl-832	7	14	-	-	PUNCT
hassl-832	7	15	selling	sell	VERB
hassl-832	7	16	or	or	CCONJ
hassl-832	7	17	information	information	NOUN
hassl-832	7	18	flow	flow	NOUN
hassl-832	7	19	.	.	PUNCT
hassl-832	8	1	notably	notably	ADV
hassl-832	8	2	our	our	PRON
hassl-832	8	3	results	result	NOUN
hassl-832	8	4	show	show	VERB
hassl-832	8	5	:	:	PUNCT
hassl-832	8	6	firstly	firstly	ADV
hassl-832	8	7	,	,	PUNCT
hassl-832	8	8	during	during	ADP
hassl-832	8	9	qe	qe	PROPN
hassl-832	8	10	tapering	tapering	NOUN
hassl-832	8	11	,	,	PUNCT
hassl-832	8	12	there	there	PRON
hassl-832	8	13	is	be	VERB
hassl-832	8	14	shortselling	shortselle	VERB
hassl-832	8	15	by	by	ADP
hassl-832	8	16	foreign	foreign	ADJ
hassl-832	8	17	investor	investor	NOUN
hassl-832	8	18	.	.	PUNCT
hassl-832	9	1	foreign	foreign	ADJ
hassl-832	9	2	sales	sale	NOUN
hassl-832	9	3	also	also	ADV
hassl-832	9	4	provides	provide	VERB
hassl-832	9	5	cue	cue	NOUN
hassl-832	9	6	to	to	ADP
hassl-832	9	7	local	local	ADJ
hassl-832	9	8	institutional	institutional	ADJ
hassl-832	9	9	sales	sale	NOUN
hassl-832	9	10	.	.	PUNCT
hassl-832	10	1	net	net	ADJ
hassl-832	10	2	buyers	buyer	NOUN
hassl-832	10	3	are	be	AUX
hassl-832	10	4	local	local	ADJ
hassl-832	10	5	institution	institution	NOUN
hassl-832	10	6	;	;	PUNCT
hassl-832	10	7	secondly	secondly	ADV
hassl-832	10	8	,	,	PUNCT
hassl-832	10	9	in	in	ADP
hassl-832	10	10	post	post	ADJ
hassl-832	10	11	-	-	ADJ
hassl-832	10	12	qe	qe	ADJ
hassl-832	10	13	exit	exit	NOUN
hassl-832	10	14	,	,	PUNCT
hassl-832	10	15	foreign	foreign	ADJ
hassl-832	10	16	sales	sale	NOUN
hassl-832	10	17	is	be	AUX
hassl-832	10	18	the	the	DET
hassl-832	10	19	most	most	ADV
hassl-832	10	20	endogenous	endogenous	ADJ
hassl-832	10	21	variable	variable	NOUN
hassl-832	10	22	.	.	PUNCT
hassl-832	11	1	net	net	ADJ
hassl-832	11	2	sellers	seller	NOUN
hassl-832	11	3	are	be	AUX
hassl-832	11	4	foreign	foreign	ADJ
hassl-832	11	5	,	,	PUNCT
hassl-832	11	6	followed	follow	VERB
hassl-832	11	7	by	by	ADP
hassl-832	11	8	local	local	ADJ
hassl-832	11	9	retail	retail	NOUN
hassl-832	11	10	;	;	PUNCT
hassl-832	11	11	thirdly	thirdly	ADV
hassl-832	11	12	,	,	PUNCT
hassl-832	11	13	from	from	ADP
hassl-832	11	14	7	7	NUM
hassl-832	11	15	to	to	PART
hassl-832	11	16	12	12	NUM
hassl-832	11	17	months	month	NOUN
hassl-832	11	18	in	in	ADP
hassl-832	11	19	post	post	ADJ
hassl-832	11	20	-	-	ADJ
hassl-832	11	21	qe	qe	ADJ
hassl-832	11	22	exit	exit	NOUN
hassl-832	11	23	,	,	PUNCT
hassl-832	11	24	there	there	PRON
hassl-832	11	25	are	be	VERB
hassl-832	11	26	short	short	ADV
hassl-832	11	27	-	-	PUNCT
hassl-832	11	28	selling	selling	NOUN
hassl-832	11	29	by	by	ADP
hassl-832	11	30	foreign	foreign	ADJ
hassl-832	11	31	and	and	CCONJ
hassl-832	11	32	local	local	ADJ
hassl-832	11	33	institution	institution	NOUN
hassl-832	11	34	corresponding	correspond	VERB
hassl-832	11	35	to	to	ADP
hassl-832	11	36	sharp	sharp	ADJ
hassl-832	11	37	market	market	NOUN
hassl-832	11	38	downtrend	downtrend	NOUN
hassl-832	11	39	.	.	PUNCT
hassl-832	12	1	net	net	ADJ
hassl-832	12	2	sellers	seller	NOUN
hassl-832	12	3	are	be	AUX
hassl-832	12	4	foreign	foreign	ADJ
hassl-832	12	5	and	and	CCONJ
hassl-832	12	6	retail	retail	ADJ
hassl-832	12	7	.	.	PUNCT
hassl-832	13	1	overall	overall	ADJ
hassl-832	13	2	,	,	PUNCT
hassl-832	13	3	local	local	ADJ
hassl-832	13	4	institutional	institutional	NOUN
hassl-832	13	5	is	be	AUX
hassl-832	13	6	the	the	DET
hassl-832	13	7	net	net	ADJ
hassl-832	13	8	buyer	buyer	NOUN
hassl-832	13	9	in	in	ADP
hassl-832	13	10	all	all	DET
hassl-832	13	11	sub	sub	ADJ
hassl-832	13	12	-	-	ADJ
hassl-832	13	13	periods	period	NOUN
hassl-832	13	14	while	while	SCONJ
hassl-832	13	15	foreign	foreign	ADJ
hassl-832	13	16	fund	fund	NOUN
hassl-832	13	17	is	be	AUX
hassl-832	13	18	the	the	DET
hassl-832	13	19	net	net	ADJ
hassl-832	13	20	seller	seller	NOUN
hassl-832	13	21	during	during	ADP
hassl-832	13	22	post	post	ADJ
hassl-832	13	23	-	-	ADJ
hassl-832	13	24	qe	qe	ADJ
hassl-832	13	25	periods	period	NOUN
hassl-832	13	26	.	.	PUNCT
hassl-832	14	1	our	our	PRON
hassl-832	14	2	result	result	NOUN
hassl-832	14	3	recognizes	recognize	VERB
hassl-832	14	4	the	the	DET
hassl-832	14	5	importance	importance	NOUN
hassl-832	14	6	of	of	ADP
hassl-832	14	7	local	local	ADJ
hassl-832	14	8	institutional	institutional	ADJ
hassl-832	14	9	investors	investor	NOUN
hassl-832	14	10	in	in	ADP
hassl-832	14	11	withstanding	withstand	VERB
hassl-832	14	12	the	the	DET
hassl-832	14	13	selling	selling	NOUN
hassl-832	14	14	pressure	pressure	NOUN
hassl-832	14	15	of	of	ADP
hassl-832	14	16	foreign	foreign	ADJ
hassl-832	14	17	investors	investor	NOUN
hassl-832	14	18	during	during	ADP
hassl-832	14	19	the	the	DET
hassl-832	14	20	qe	qe	PROPN
hassl-832	14	21	exit	exit	NOUN
hassl-832	14	22	periods	period	NOUN
hassl-832	14	23	.	.	PUNCT
hassl-832	15	1	this	this	DET
hassl-832	15	2	paper	paper	NOUN
hassl-832	15	3	contributes	contribute	VERB
hassl-832	15	4	to	to	ADP
hassl-832	15	5	the	the	DET
hassl-832	15	6	extant	extant	ADJ
hassl-832	15	7	literature	literature	NOUN
hassl-832	15	8	by	by	ADP
hassl-832	15	9	providing	provide	VERB
hassl-832	15	10	the	the	DET
hassl-832	15	11	usefulness	usefulness	NOUN
hassl-832	15	12	of	of	ADP
hassl-832	15	13	trading	trading	NOUN
hassl-832	15	14	participant	participant	ADJ
hassl-832	15	15	statistics	statistic	NOUN
hassl-832	15	16	to	to	ADP
hassl-832	15	17	market	market	NOUN
hassl-832	15	18	players	player	NOUN
hassl-832	15	19	in	in	ADP
hassl-832	15	20	the	the	DET
hassl-832	15	21	backdrop	backdrop	NOUN
hassl-832	15	22	of	of	ADP
hassl-832	15	23	market	market	NOUN
hassl-832	15	24	uncertainty	uncertainty	NOUN
hassl-832	15	25	due	due	ADP
hassl-832	15	26	to	to	ADP
hassl-832	15	27	qe	qe	PROPN
hassl-832	15	28	exit	exit	NOUN
hassl-832	15	29	.	.	PUNCT
hassl-832	16	1	contribution	contribution	NOUN
hassl-832	16	2	/	/	SYM
hassl-832	16	3	originality	originality	NOUN
hassl-832	16	4	:	:	PUNCT
hassl-832	16	5	this	this	DET
hassl-832	16	6	study	study	NOUN
hassl-832	16	7	contributes	contribute	VERB
hassl-832	16	8	to	to	ADP
hassl-832	16	9	the	the	DET
hassl-832	16	10	existing	exist	VERB
hassl-832	16	11	literature	literature	NOUN
hassl-832	16	12	of	of	ADP
hassl-832	16	13	trading	trading	NOUN
hassl-832	16	14	participant	participant	ADJ
hassl-832	16	15	statistics	statistic	NOUN
hassl-832	16	16	from	from	ADP
hassl-832	16	17	emerging	emerge	VERB
hassl-832	16	18	market	market	NOUN
hassl-832	16	19	during	during	ADP
hassl-832	16	20	qe	qe	PROPN
hassl-832	16	21	and	and	CCONJ
hassl-832	16	22	post	post	ADJ
hassl-832	16	23	-	-	ADJ
hassl-832	16	24	qe	qe	ADJ
hassl-832	16	25	periods	period	NOUN
hassl-832	16	26	.	.	PUNCT
hassl-832	17	1	using	use	VERB
hassl-832	17	2	econometric	econometric	ADJ
hassl-832	17	3	modelling	modelling	NOUN
hassl-832	17	4	,	,	PUNCT
hassl-832	17	5	this	this	PRON
hassl-832	17	6	is	be	AUX
hassl-832	17	7	the	the	DET
hassl-832	17	8	first	first	ADJ
hassl-832	17	9	study	study	NOUN
hassl-832	17	10	that	that	PRON
hassl-832	17	11	analyses	analyse	VERB
hassl-832	17	12	the	the	DET
hassl-832	17	13	trading	trading	NOUN
hassl-832	17	14	dynamics	dynamic	NOUN
hassl-832	17	15	of	of	ADP
hassl-832	17	16	buying	buying	NOUN
hassl-832	17	17	,	,	PUNCT
hassl-832	17	18	selling	selling	NOUN
hassl-832	17	19	,	,	PUNCT
hassl-832	17	20	information	information	NOUN
hassl-832	17	21	flow	flow	NOUN
hassl-832	17	22	and	and	CCONJ
hassl-832	17	23	short	short	NOUN
hassl-832	17	24	-	-	PUNCT
hassl-832	17	25	selling	selling	NOUN
hassl-832	17	26	between	between	ADP
hassl-832	17	27	different	different	ADJ
hassl-832	17	28	market	market	NOUN
hassl-832	17	29	participants	participant	NOUN
hassl-832	17	30	in	in	ADP
hassl-832	17	31	malaysian	malaysian	ADJ
hassl-832	17	32	stock	stock	NOUN
hassl-832	17	33	exchange	exchange	NOUN
hassl-832	17	34	.	.	PUNCT
hassl-832	18	1	1	1	X
hassl-832	18	2	.	.	X
hassl-832	18	3	introduction	introduction	NOUN
hassl-832	18	4	a	a	DET
hassl-832	18	5	market	market	NOUN
hassl-832	18	6	is	be	AUX
hassl-832	18	7	a	a	DET
hassl-832	18	8	medium	medium	NOUN
hassl-832	18	9	that	that	PRON
hassl-832	18	10	allows	allow	VERB
hassl-832	18	11	buyers	buyer	NOUN
hassl-832	18	12	and	and	CCONJ
hassl-832	18	13	sellers	seller	NOUN
hassl-832	18	14	of	of	ADP
hassl-832	18	15	specific	specific	ADJ
hassl-832	18	16	goods	good	NOUN
hassl-832	18	17	and	and	CCONJ
hassl-832	18	18	services	service	NOUN
hassl-832	18	19	to	to	PART
hassl-832	18	20	interact	interact	VERB
hassl-832	18	21	in	in	ADP
hassl-832	18	22	order	order	NOUN
hassl-832	18	23	to	to	PART
hassl-832	18	24	facilitate	facilitate	VERB
hassl-832	18	25	an	an	DET
hassl-832	18	26	exchange	exchange	NOUN
hassl-832	18	27	.	.	PUNCT
hassl-832	19	1	in	in	ADP
hassl-832	19	2	the	the	DET
hassl-832	19	3	context	context	NOUN
hassl-832	19	4	of	of	ADP
hassl-832	19	5	a	a	DET
hassl-832	19	6	stock	stock	NOUN
hassl-832	19	7	market	market	NOUN
hassl-832	19	8	,	,	PUNCT
hassl-832	19	9	harris	harris	PROPN
hassl-832	19	10	(	(	PUNCT
hassl-832	19	11	2003	2003	NUM
hassl-832	19	12	)	)	PUNCT
hassl-832	19	13	suggests	suggest	VERB
hassl-832	19	14	that	that	SCONJ
hassl-832	19	15	the	the	DET
hassl-832	19	16	buy	buy	ADJ
hassl-832	19	17	side	side	NOUN
hassl-832	19	18	of	of	ADP
hassl-832	19	19	the	the	DET
hassl-832	19	20	trading	trading	NOUN
hassl-832	19	21	industry	industry	NOUN
hassl-832	19	22	consists	consist	VERB
hassl-832	19	23	of	of	ADP
hassl-832	19	24	individuals	individual	NOUN
hassl-832	19	25	,	,	PUNCT
hassl-832	19	26	funds	fund	NOUN
hassl-832	19	27	,	,	PUNCT
hassl-832	19	28	firms	firm	NOUN
hassl-832	19	29	,	,	PUNCT
hassl-832	19	30	and	and	CCONJ
hassl-832	19	31	government	government	NOUN
hassl-832	19	32	that	that	PRON
hassl-832	19	33	use	use	VERB
hassl-832	19	34	the	the	DET
hassl-832	19	35	markets	market	NOUN
hassl-832	19	36	to	to	PART
hassl-832	19	37	solve	solve	VERB
hassl-832	19	38	the	the	DET
hassl-832	19	39	various	various	ADJ
hassl-832	19	40	problems	problem	NOUN
hassl-832	19	41	they	they	PRON
hassl-832	19	42	face	face	VERB
hassl-832	19	43	.	.	PUNCT
hassl-832	20	1	for	for	ADP
hassl-832	20	2	the	the	DET
hassl-832	20	3	sell	sell	NOUN
hassl-832	20	4	side	side	NOUN
hassl-832	20	5	,	,	PUNCT
hassl-832	20	6	dealers	dealer	NOUN
hassl-832	20	7	and	and	CCONJ
hassl-832	20	8	brokers	broker	NOUN
hassl-832	20	9	will	will	AUX
hassl-832	20	10	provide	provide	VERB
hassl-832	20	11	exchange	exchange	NOUN
hassl-832	20	12	services	service	NOUN
hassl-832	20	13	for	for	ADP
hassl-832	20	14	the	the	DET
hassl-832	20	15	buy	buy	NOUN
hassl-832	20	16	side	side	NOUN
hassl-832	20	17	.	.	PUNCT
hassl-832	21	1	the	the	DET
hassl-832	21	2	dealers	dealer	NOUN
hassl-832	21	3	and	and	CCONJ
hassl-832	21	4	brokers	broker	NOUN
hassl-832	21	5	will	will	AUX
hassl-832	21	6	help	help	VERB
hassl-832	21	7	buy	buy	VERB
hassl-832	21	8	-	-	PUNCT
hassl-832	21	9	side	side	NOUN
hassl-832	21	10	traders	trader	NOUN
hassl-832	21	11	to	to	PART
hassl-832	21	12	trade	trade	VERB
hassl-832	21	13	.	.	PUNCT
hassl-832	22	1	hence	hence	ADV
hassl-832	22	2	,	,	PUNCT
hassl-832	22	3	the	the	DET
hassl-832	22	4	sell	sell	NOUN
hassl-832	22	5	side	side	NOUN
hassl-832	22	6	exists	exist	VERB
hassl-832	22	7	only	only	ADV
hassl-832	22	8	because	because	SCONJ
hassl-832	22	9	the	the	DET
hassl-832	22	10	buy	buy	NOUN
hassl-832	22	11	side	side	NOUN
hassl-832	22	12	is	be	AUX
hassl-832	22	13	willing	willing	ADJ
hassl-832	22	14	to	to	PART
hassl-832	22	15	pay	pay	VERB
hassl-832	22	16	for	for	ADP
hassl-832	22	17	the	the	DET
hassl-832	22	18	services	service	NOUN
hassl-832	22	19	.	.	PUNCT
hassl-832	23	1	the	the	DET
hassl-832	23	2	performance	performance	NOUN
hassl-832	23	3	of	of	ADP
hassl-832	23	4	the	the	DET
hassl-832	23	5	stock	stock	NOUN
hassl-832	23	6	market	market	NOUN
hassl-832	23	7	is	be	AUX
hassl-832	23	8	highly	highly	ADV
hassl-832	23	9	dependent	dependent	ADJ
hassl-832	23	10	on	on	ADP
hassl-832	23	11	the	the	DET
hassl-832	23	12	movement	movement	NOUN
hassl-832	23	13	of	of	ADP
hassl-832	23	14	the	the	DET
hassl-832	23	15	fund	fund	NOUN
hassl-832	23	16	among	among	ADP
hassl-832	23	17	the	the	DET
hassl-832	23	18	trading	trading	NOUN
hassl-832	23	19	participants	participant	NOUN
hassl-832	23	20	.	.	PUNCT
hassl-832	24	1	the	the	DET
hassl-832	24	2	outflow	outflow	NOUN
hassl-832	24	3	of	of	ADP
hassl-832	24	4	funds	fund	NOUN
hassl-832	24	5	will	will	AUX
hassl-832	24	6	drag	drag	VERB
hassl-832	24	7	down	down	ADP
hassl-832	24	8	the	the	DET
hassl-832	24	9	stock	stock	NOUN
hassl-832	24	10	market	market	NOUN
hassl-832	24	11	or	or	CCONJ
hassl-832	24	12	vice	vice	NOUN
hassl-832	24	13	versa	versa	ADV
hassl-832	24	14	.	.	PUNCT
hassl-832	25	1	as	as	ADP
hassl-832	25	2	per	per	ADP
hassl-832	25	3	the	the	DET
hassl-832	25	4	news	news	NOUN
hassl-832	25	5	report	report	NOUN
hassl-832	25	6	released	release	VERB
hassl-832	25	7	by	by	ADP
hassl-832	25	8	malaysian	malaysian	ADJ
hassl-832	25	9	industrial	industrial	PROPN
hassl-832	25	10	development	development	PROPN
hassl-832	25	11	finance	finance	PROPN
hassl-832	25	12	berhad	berhad	PROPN
hassl-832	25	13	(	(	PUNCT
hassl-832	25	14	midf	midf	PROPN
hassl-832	25	15	)	)	PUNCT
hassl-832	25	16	,	,	PUNCT
hassl-832	25	17	malaysia	malaysia	PROPN
hassl-832	25	18	bourse	bourse	NOUN
hassl-832	25	19	recorded	record	VERB
hassl-832	25	20	the	the	DET
hassl-832	25	21	highest	high	ADJ
hassl-832	25	22	net	net	ADJ
hassl-832	25	23	foreign	foreign	ADJ
hassl-832	25	24	inflow	inflow	NOUN
hassl-832	25	25	of	of	ADP
hassl-832	25	26	rm	rm	PROPN
hassl-832	25	27	10.33	10.33	NUM
hassl-832	25	28	billion	billion	NUM
hassl-832	25	29	(	(	PUNCT
hassl-832	25	30	usd2.36	usd2.36	NOUN
hassl-832	25	31	billion	billion	NUM
hassl-832	25	32	)	)	PUNCT
hassl-832	25	33	and	and	CCONJ
hassl-832	25	34	the	the	DET
hassl-832	25	35	fbm	fbm	NOUN
hassl-832	25	36	klci	klci	NOUN
hassl-832	25	37	index	index	NOUN
hassl-832	25	38	rose	rise	VERB
hassl-832	25	39	by	by	ADP
hassl-832	25	40	9.4	9.4	NUM
hassl-832	25	41	%	%	NOUN
hassl-832	25	42	to	to	PART
hassl-832	25	43	close	close	VERB
hassl-832	25	44	around	around	ADP
hassl-832	25	45	1800	1800	NUM
hassl-832	25	46	points	point	NOUN
hassl-832	25	47	humanities	humanity	NOUN
hassl-832	25	48	and	and	CCONJ
hassl-832	25	49	social	social	ADJ
hassl-832	25	50	sciences	science	NOUN
hassl-832	25	51	letters	letter	NOUN
hassl-832	25	52	2019	2019	NUM
hassl-832	25	53	vol	vol	NOUN
hassl-832	25	54	.	.	PUNCT
hassl-832	26	1	7	7	NUM
hassl-832	26	2	,	,	PUNCT
hassl-832	26	3	no	no	INTJ
hassl-832	26	4	.	.	NOUN
hassl-832	26	5	4	4	NUM
hassl-832	26	6	,	,	PUNCT
hassl-832	26	7	pp	pp	ADJ
hassl-832	26	8	.	.	PUNCT
hassl-832	27	1	225	225	NUM
hassl-832	27	2	-	-	SYM
hassl-832	27	3	237	237	NUM
hassl-832	27	4	.	.	PUNCT
hassl-832	28	1	issn(e	issn(e	INTJ
hassl-832	28	2	):	):	PUNCT
hassl-832	28	3	2312	2312	NUM
hassl-832	28	4	-	-	SYM
hassl-832	28	5	4318	4318	NUM
hassl-832	28	6	issn(p	issn(p	NUM
hassl-832	28	7	):	):	PUNCT
hassl-832	28	8	2312	2312	NUM
hassl-832	28	9	-	-	SYM
hassl-832	28	10	5659	5659	NUM
hassl-832	28	11	doi	doi	NOUN
hassl-832	28	12	:	:	PUNCT
hassl-832	28	13	10.18488	10.18488	NUM
hassl-832	28	14	/	/	SYM
hassl-832	28	15	journal.73.2019.74.225.237	journal.73.2019.74.225.237	PROPN
hassl-832	28	16	©	©	PROPN
hassl-832	28	17	2019	2019	NUM
hassl-832	28	18	conscientia	conscientia	PROPN
hassl-832	28	19	beam	beam	PROPN
hassl-832	28	20	.	.	PUNCT
hassl-832	29	1	all	all	DET
hassl-832	29	2	rights	right	NOUN
hassl-832	29	3	reserved	reserve	VERB
hassl-832	29	4	.	.	PUNCT
hassl-832	30	1	https://orcid.org/0000-0002-3447-9895	https://orcid.org/0000-0002-3447-9895	INTJ
hassl-832	30	2	https://orcid.org/0000-0003-0236-6172	https://orcid.org/0000-0003-0236-6172	PROPN
hassl-832	30	3	https://www.doi.org/10.18488/journal.73.2019.74.225.237	https://www.doi.org/10.18488/journal.73.2019.74.225.237	PROPN
hassl-832	30	4	humanities	humanity	NOUN
hassl-832	30	5	and	and	CCONJ
hassl-832	30	6	social	social	ADJ
hassl-832	30	7	sciences	science	NOUN
hassl-832	30	8	letters	letter	NOUN
hassl-832	30	9	,	,	PUNCT
hassl-832	30	10	2019	2019	NUM
hassl-832	30	11	,	,	PUNCT
hassl-832	30	12	7(4	7(4	NUM
hassl-832	30	13	):	):	PUNCT
hassl-832	30	14	225	225	NUM
hassl-832	30	15	-	-	SYM
hassl-832	30	16	237	237	NUM
hassl-832	30	17	226	226	NUM
hassl-832	30	18	©	©	PROPN
hassl-832	30	19	2019	2019	NUM
hassl-832	30	20	conscientia	conscientia	PROPN
hassl-832	30	21	beam	beam	PROPN
hassl-832	30	22	.	.	PUNCT
hassl-832	31	1	all	all	DET
hassl-832	31	2	rights	right	NOUN
hassl-832	31	3	reserved	reserve	VERB
hassl-832	31	4	.	.	PUNCT
hassl-832	32	1	at	at	ADP
hassl-832	32	2	the	the	DET
hassl-832	32	3	year	year	NOUN
hassl-832	32	4	-	-	PUNCT
hassl-832	32	5	end	end	NOUN
hassl-832	32	6	of	of	ADP
hassl-832	32	7	2017.1	2017.1	NUM
hassl-832	32	8	this	this	DET
hassl-832	32	9	robust	robust	ADJ
hassl-832	32	10	scenario	scenario	NOUN
hassl-832	32	11	was	be	AUX
hassl-832	32	12	not	not	PART
hassl-832	32	13	the	the	DET
hassl-832	32	14	case	case	NOUN
hassl-832	32	15	during	during	ADP
hassl-832	32	16	post	post	PROPN
hassl-832	32	17	-	-	ADJ
hassl-832	32	18	u.s	u.s	ADJ
hassl-832	32	19	.	.	PROPN
hassl-832	32	20	quantitative	quantitative	ADJ
hassl-832	32	21	easing	ease	VERB
hassl-832	32	22	(	(	PUNCT
hassl-832	32	23	qe	qe	NOUN
hassl-832	32	24	)	)	PUNCT
hassl-832	32	25	period	period	NOUN
hassl-832	32	26	in	in	ADP
hassl-832	32	27	october	october	PROPN
hassl-832	32	28	2014	2014	NUM
hassl-832	32	29	as	as	SCONJ
hassl-832	32	30	shown	show	VERB
hassl-832	32	31	in	in	ADP
hassl-832	32	32	figure	figure	NOUN
hassl-832	32	33	1	1	NUM
hassl-832	32	34	.	.	PUNCT
hassl-832	33	1	the	the	DET
hassl-832	33	2	qe	qe	PROPN
hassl-832	33	3	policy	policy	NOUN
hassl-832	33	4	of	of	ADP
hassl-832	33	5	which	which	PRON
hassl-832	33	6	was	be	AUX
hassl-832	33	7	introduced	introduce	VERB
hassl-832	33	8	in	in	ADP
hassl-832	33	9	early	early	ADJ
hassl-832	33	10	2009	2009	NUM
hassl-832	33	11	to	to	PART
hassl-832	33	12	alleviate	alleviate	VERB
hassl-832	33	13	the	the	DET
hassl-832	33	14	impact	impact	NOUN
hassl-832	33	15	of	of	ADP
hassl-832	33	16	lehman	lehman	PROPN
hassl-832	33	17	brother	brother	PROPN
hassl-832	33	18	’s	’s	PART
hassl-832	33	19	bankruptcy	bankruptcy	NOUN
hassl-832	33	20	on	on	ADP
hassl-832	33	21	financial	financial	ADJ
hassl-832	33	22	market	market	NOUN
hassl-832	33	23	have	have	AUX
hassl-832	33	24	resulted	result	VERB
hassl-832	33	25	in	in	ADP
hassl-832	33	26	fund	fund	NOUN
hassl-832	33	27	flow	flow	NOUN
hassl-832	33	28	to	to	ADP
hassl-832	33	29	many	many	ADJ
hassl-832	33	30	foreign	foreign	ADJ
hassl-832	33	31	markets	market	NOUN
hassl-832	33	32	,	,	PUNCT
hassl-832	33	33	especially	especially	ADV
hassl-832	33	34	the	the	DET
hassl-832	33	35	equity	equity	NOUN
hassl-832	33	36	markets	market	NOUN
hassl-832	33	37	.	.	PUNCT
hassl-832	34	1	however	however	ADV
hassl-832	34	2	,	,	PUNCT
hassl-832	34	3	the	the	DET
hassl-832	34	4	qe	qe	PROPN
hassl-832	34	5	policy	policy	NOUN
hassl-832	34	6	started	start	VERB
hassl-832	34	7	to	to	PART
hassl-832	34	8	scale	scale	VERB
hassl-832	34	9	down	down	ADP
hassl-832	34	10	by	by	ADP
hassl-832	34	11	the	the	DET
hassl-832	34	12	federal	federal	PROPN
hassl-832	34	13	reserve	reserve	PROPN
hassl-832	34	14	from	from	ADP
hassl-832	34	15	the	the	DET
hassl-832	34	16	fourth	fourth	ADJ
hassl-832	34	17	quarter	quarter	NOUN
hassl-832	34	18	of	of	ADP
hassl-832	34	19	2013	2013	NUM
hassl-832	34	20	and	and	CCONJ
hassl-832	34	21	officially	officially	ADV
hassl-832	34	22	ended	end	VERB
hassl-832	34	23	in	in	ADP
hassl-832	34	24	mid2014	mid2014	NOUN
hassl-832	34	25	2	2	NUM
hassl-832	34	26	.	.	PUNCT
hassl-832	34	27	as	as	SCONJ
hassl-832	34	28	shown	show	VERB
hassl-832	34	29	in	in	ADP
hassl-832	34	30	figure	figure	NOUN
hassl-832	34	31	1	1	NUM
hassl-832	34	32	,	,	PUNCT
hassl-832	34	33	the	the	DET
hassl-832	34	34	klci	klci	NOUN
hassl-832	34	35	index	index	NOUN
hassl-832	34	36	declined	decline	VERB
hassl-832	34	37	substantially	substantially	ADV
hassl-832	34	38	while	while	SCONJ
hassl-832	34	39	usdmyr	usdmyr	NOUN
hassl-832	34	40	depreciated	depreciate	VERB
hassl-832	34	41	during	during	ADP
hassl-832	34	42	the	the	DET
hassl-832	34	43	12	12	NUM
hassl-832	34	44	months	month	NOUN
hassl-832	34	45	post	post	ADJ
hassl-832	34	46	-	-	ADJ
hassl-832	34	47	qe	qe	ADJ
hassl-832	34	48	period	period	NOUN
hassl-832	34	49	.	.	PUNCT
hassl-832	35	1	the	the	DET
hassl-832	35	2	observation	observation	NOUN
hassl-832	35	3	was	be	AUX
hassl-832	35	4	due	due	ADJ
hassl-832	35	5	to	to	ADP
hassl-832	35	6	the	the	DET
hassl-832	35	7	exit	exit	NOUN
hassl-832	35	8	of	of	ADP
hassl-832	35	9	qe	qe	PROPN
hassl-832	35	10	policy	policy	NOUN
hassl-832	35	11	.	.	PUNCT
hassl-832	36	1	this	this	DET
hassl-832	36	2	study	study	NOUN
hassl-832	36	3	is	be	AUX
hassl-832	36	4	motivated	motivated	ADJ
hassl-832	36	5	to	to	PART
hassl-832	36	6	examine	examine	VERB
hassl-832	36	7	the	the	DET
hassl-832	36	8	trading	trading	NOUN
hassl-832	36	9	behavior	behavior	NOUN
hassl-832	36	10	of	of	ADP
hassl-832	36	11	market	market	NOUN
hassl-832	36	12	participants	participant	NOUN
hassl-832	36	13	in	in	ADP
hassl-832	36	14	the	the	DET
hassl-832	36	15	pre	pre	NOUN
hassl-832	36	16	and	and	CCONJ
hassl-832	36	17	post	post	ADJ
hassl-832	36	18	-	-	ADJ
hassl-832	36	19	qe	qe	ADJ
hassl-832	36	20	exit	exit	NOUN
hassl-832	36	21	,	,	PUNCT
hassl-832	36	22	whether	whether	SCONJ
hassl-832	36	23	foreign	foreign	ADJ
hassl-832	36	24	institutional	institutional	ADJ
hassl-832	36	25	investors	investor	NOUN
hassl-832	36	26	exert	exert	VERB
hassl-832	36	27	their	their	PRON
hassl-832	36	28	influence	influence	NOUN
hassl-832	36	29	on	on	ADP
hassl-832	36	30	local	local	ADJ
hassl-832	36	31	market	market	NOUN
hassl-832	36	32	or	or	CCONJ
hassl-832	36	33	local	local	ADJ
hassl-832	36	34	investors	investor	NOUN
hassl-832	36	35	are	be	AUX
hassl-832	36	36	more	more	ADV
hassl-832	36	37	influential	influential	ADJ
hassl-832	36	38	in	in	ADP
hassl-832	36	39	local	local	ADJ
hassl-832	36	40	market	market	NOUN
hassl-832	36	41	.	.	PUNCT
hassl-832	37	1	figure-1	figure-1	NOUN
hassl-832	37	2	.	.	PUNCT
hassl-832	37	3	daily	daily	ADJ
hassl-832	37	4	trend	trend	NOUN
hassl-832	37	5	of	of	ADP
hassl-832	37	6	usdmyr	usdmyr	NOUN
hassl-832	37	7	and	and	CCONJ
hassl-832	37	8	klci	klci	NOUN
hassl-832	37	9	.	.	PUNCT
hassl-832	38	1	notes	note	NOUN
hassl-832	38	2	:	:	PUNCT
hassl-832	38	3	u.s	u.s	PROPN
hassl-832	38	4	.	.	PROPN
hassl-832	38	5	qe	qe	PROPN
hassl-832	38	6	:	:	PUNCT
hassl-832	38	7	28/4/2014	28/4/2014	NUM
hassl-832	38	8	28/10/2014	28/10/2014	NUM
hassl-832	38	9	.	.	PUNCT
hassl-832	39	1	post	post	ADJ
hassl-832	39	2	-	-	ADJ
hassl-832	39	3	u.s	u.s	PROPN
hassl-832	39	4	.	.	PROPN
hassl-832	39	5	qe	qe	PROPN
hassl-832	39	6	(	(	PUNCT
hassl-832	39	7	1	1	NUM
hassl-832	39	8	to	to	PART
hassl-832	39	9	6	6	NUM
hassl-832	39	10	months	month	NOUN
hassl-832	39	11	):	):	PUNCT
hassl-832	39	12	29/10/2014	29/10/2014	NUM
hassl-832	39	13	27/4/2015	27/4/2015	NUM
hassl-832	39	14	.	.	PUNCT
hassl-832	40	1	post	post	PROPN
hassl-832	40	2	-	-	ADJ
hassl-832	40	3	u.s	u.s	PROPN
hassl-832	40	4	.	.	PROPN
hassl-832	40	5	qe	qe	PROPN
hassl-832	40	6	(	(	PUNCT
hassl-832	40	7	7	7	NUM
hassl-832	40	8	to	to	PART
hassl-832	40	9	12	12	NUM
hassl-832	40	10	months	month	NOUN
hassl-832	40	11	):	):	PUNCT
hassl-832	40	12	28/4/2015	28/4/2015	NUM
hassl-832	40	13	–	–	SYM
hassl-832	40	14	26/10/2015	26/10/2015	NUM
hassl-832	40	15	.	.	PUNCT
hassl-832	41	1	usdmyr	usdmyr	NOUN
hassl-832	41	2	denotes	denote	NOUN
hassl-832	41	3	usd	usd	NOUN
hassl-832	41	4	to	to	ADP
hassl-832	41	5	myr	myr	PROPN
hassl-832	41	6	exchange	exchange	PROPN
hassl-832	41	7	rate	rate	NOUN
hassl-832	41	8	(	(	PUNCT
hassl-832	41	9	usd	usd	NOUN
hassl-832	41	10	1	1	NUM
hassl-832	41	11	equal	equal	ADJ
hassl-832	41	12	to	to	ADP
hassl-832	41	13	rm	rm	PROPN
hassl-832	41	14	)	)	PUNCT
hassl-832	41	15	.	.	PUNCT
hassl-832	42	1	klci	klci	NOUN
hassl-832	42	2	denotes	denote	VERB
hassl-832	42	3	the	the	DET
hassl-832	42	4	kuala	kuala	PROPN
hassl-832	42	5	lumpur	lumpur	PROPN
hassl-832	42	6	composite	composite	PROPN
hassl-832	42	7	index	index	NOUN
hassl-832	42	8	.	.	PUNCT
hassl-832	43	1	source	source	NOUN
hassl-832	43	2	of	of	ADP
hassl-832	43	3	usdmyr	usdmyr	NOUN
hassl-832	43	4	:	:	PUNCT
hassl-832	43	5	msci	msci	PROPN
hassl-832	43	6	.	.	PUNCT
hassl-832	44	1	source	source	NOUN
hassl-832	44	2	of	of	ADP
hassl-832	44	3	klci	klci	NOUN
hassl-832	44	4	:	:	PUNCT
hassl-832	44	5	klse	klse	PROPN
hassl-832	44	6	.	.	PUNCT
hassl-832	45	1	based	base	VERB
hassl-832	45	2	on	on	ADP
hassl-832	45	3	the	the	DET
hassl-832	45	4	bursa	bursa	NOUN
hassl-832	45	5	malaysia	malaysia	PROPN
hassl-832	45	6	trading	trading	NOUN
hassl-832	45	7	participant	participant	PROPN
hassl-832	45	8	statistics	statistic	NOUN
hassl-832	45	9	,	,	PUNCT
hassl-832	45	10	there	there	PRON
hassl-832	45	11	are	be	VERB
hassl-832	45	12	mainly	mainly	ADV
hassl-832	45	13	three	three	NUM
hassl-832	45	14	categories	category	NOUN
hassl-832	45	15	of	of	ADP
hassl-832	45	16	investors	investor	NOUN
hassl-832	45	17	,	,	PUNCT
hassl-832	45	18	namely	namely	ADV
hassl-832	45	19	local	local	ADJ
hassl-832	45	20	institutional	institutional	ADJ
hassl-832	45	21	,	,	PUNCT
hassl-832	45	22	local	local	ADJ
hassl-832	45	23	retail	retail	ADJ
hassl-832	45	24	and	and	CCONJ
hassl-832	45	25	foreign	foreign	ADJ
hassl-832	45	26	investors	investor	NOUN
hassl-832	45	27	as	as	SCONJ
hassl-832	45	28	shown	show	VERB
hassl-832	45	29	in	in	ADP
hassl-832	45	30	table	table	NOUN
hassl-832	45	31	1	1	NUM
hassl-832	45	32	.	.	PUNCT
hassl-832	46	1	the	the	DET
hassl-832	46	2	microstructure	microstructure	NOUN
hassl-832	46	3	of	of	ADP
hassl-832	46	4	demand	demand	NOUN
hassl-832	46	5	and	and	CCONJ
hassl-832	46	6	supply	supply	NOUN
hassl-832	46	7	in	in	ADP
hassl-832	46	8	local	local	ADJ
hassl-832	46	9	bourse	bourse	NOUN
hassl-832	46	10	is	be	AUX
hassl-832	46	11	not	not	PART
hassl-832	46	12	well	well	ADV
hassl-832	46	13	documented	document	VERB
hassl-832	46	14	although	although	SCONJ
hassl-832	46	15	the	the	DET
hassl-832	46	16	foreign	foreign	ADJ
hassl-832	46	17	fund	fund	NOUN
hassl-832	46	18	has	have	AUX
hassl-832	46	19	always	always	ADV
hassl-832	46	20	been	be	AUX
hassl-832	46	21	linked	link	VERB
hassl-832	46	22	to	to	ADP
hassl-832	46	23	the	the	DET
hassl-832	46	24	increase	increase	NOUN
hassl-832	46	25	or	or	CCONJ
hassl-832	46	26	decrease	decrease	NOUN
hassl-832	46	27	of	of	ADP
hassl-832	46	28	klci	klci	NOUN
hassl-832	46	29	index	index	PROPN
hassl-832	46	30	.	.	PUNCT
hassl-832	47	1	is	be	AUX
hassl-832	47	2	it	it	PRON
hassl-832	47	3	true	true	ADJ
hassl-832	47	4	that	that	SCONJ
hassl-832	47	5	only	only	ADV
hassl-832	47	6	foreign	foreign	ADJ
hassl-832	47	7	fund	fund	NOUN
hassl-832	47	8	leads	lead	VERB
hassl-832	47	9	the	the	DET
hassl-832	47	10	pack	pack	NOUN
hassl-832	47	11	by	by	ADP
hassl-832	47	12	sending	send	VERB
hassl-832	47	13	out	out	ADP
hassl-832	47	14	buying	buy	VERB
hassl-832	47	15	or	or	CCONJ
hassl-832	47	16	selling	sell	VERB
hassl-832	47	17	cue	cue	NOUN
hassl-832	47	18	?	?	PUNCT
hassl-832	48	1	does	do	AUX
hassl-832	48	2	short	short	ADV
hassl-832	48	3	-	-	PUNCT
hassl-832	48	4	selling	selling	NOUN
hassl-832	48	5	prevail	prevail	NOUN
hassl-832	48	6	over	over	ADP
hassl-832	48	7	profit	profit	NOUN
hassl-832	48	8	-	-	PUNCT
hassl-832	48	9	taking	taking	NOUN
hassl-832	48	10	in	in	ADP
hassl-832	48	11	the	the	DET
hassl-832	48	12	trading	trading	NOUN
hassl-832	48	13	activities	activity	NOUN
hassl-832	48	14	?	?	PUNCT
hassl-832	49	1	this	this	DET
hassl-832	49	2	study	study	NOUN
hassl-832	49	3	aims	aim	VERB
hassl-832	49	4	to	to	PART
hassl-832	49	5	fill	fill	VERB
hassl-832	49	6	the	the	DET
hassl-832	49	7	gap	gap	NOUN
hassl-832	49	8	in	in	ADP
hassl-832	49	9	this	this	DET
hassl-832	49	10	area	area	NOUN
hassl-832	49	11	by	by	ADP
hassl-832	49	12	answering	answer	VERB
hassl-832	49	13	these	these	DET
hassl-832	49	14	questions	question	NOUN
hassl-832	49	15	,	,	PUNCT
hassl-832	49	16	especially	especially	ADV
hassl-832	49	17	in	in	ADP
hassl-832	49	18	the	the	DET
hassl-832	49	19	context	context	NOUN
hassl-832	49	20	of	of	ADP
hassl-832	49	21	pre	pre	ADJ
hassl-832	49	22	and	and	CCONJ
hassl-832	49	23	post	post	ADJ
hassl-832	49	24	-	-	ADJ
hassl-832	49	25	u.s	u.s	PROPN
hassl-832	49	26	.	.	PROPN
hassl-832	49	27	qe	qe	PROPN
hassl-832	49	28	periods	period	NOUN
hassl-832	49	29	.	.	PUNCT
hassl-832	50	1	table-1	table-1	NUM
hassl-832	50	2	.	.	PUNCT
hassl-832	51	1	bursa	bursa	NOUN
hassl-832	51	2	malaysia	malaysia	PROPN
hassl-832	51	3	trading	trading	PROPN
hassl-832	51	4	participant	participant	PROPN
hassl-832	51	5	statistics	statistic	NOUN
hassl-832	51	6	.	.	PUNCT
hassl-832	52	1	date	date	NOUN
hassl-832	52	2	local	local	ADJ
hassl-832	52	3	institution	institution	NOUN
hassl-832	52	4	net	net	NOUN
hassl-832	52	5	movement	movement	NOUN
hassl-832	52	6	(	(	PUNCT
hassl-832	52	7	rm	rm	PROPN
hassl-832	52	8	m	m	PROPN
hassl-832	52	9	)	)	PUNCT
hassl-832	52	10	local	local	ADJ
hassl-832	52	11	retail	retail	ADJ
hassl-832	52	12	net	net	ADJ
hassl-832	52	13	movement	movement	NOUN
hassl-832	52	14	(	(	PUNCT
hassl-832	52	15	rm	rm	PROPN
hassl-832	52	16	m	m	PROPN
hassl-832	52	17	)	)	PUNCT
hassl-832	52	18	foreign	foreign	ADJ
hassl-832	52	19	net	net	ADJ
hassl-832	52	20	movement	movement	NOUN
hassl-832	52	21	(	(	PUNCT
hassl-832	52	22	rm	rm	PROPN
hassl-832	52	23	m	m	PROPN
hassl-832	52	24	)	)	PUNCT
hassl-832	52	25	total	total	NOUN
hassl-832	52	26	(	(	PUNCT
hassl-832	52	27	rm	rm	PROPN
hassl-832	52	28	m	m	PROPN
hassl-832	52	29	)	)	PUNCT
hassl-832	52	30	22	22	NUM
hassl-832	52	31	jan	jan	PROPN
hassl-832	52	32	2018	2018	NUM
hassl-832	52	33	-812.8	-812.8	PROPN
hassl-832	52	34	-59.2	-59.2	PRON
hassl-832	52	35	872.8	872.8	NUM
hassl-832	52	36	13,612.5	13,612.5	NUM
hassl-832	52	37	15	15	NUM
hassl-832	52	38	jan	jan	PROPN
hassl-832	52	39	2018	2018	NUM
hassl-832	52	40	-734.5	-734.5	PROPN
hassl-832	52	41	32.2	32.2	NUM
hassl-832	52	42	702.2	702.2	NUM
hassl-832	52	43	15,971.8	15,971.8	NUM
hassl-832	52	44	08	08	NUM
hassl-832	52	45	jan	jan	PROPN
hassl-832	52	46	2018	2018	NUM
hassl-832	52	47	-938.5	-938.5	PROPN
hassl-832	52	48	166.4	166.4	NUM
hassl-832	52	49	772.2	772.2	NUM
hassl-832	52	50	19,113.5	19,113.5	NUM
hassl-832	52	51	02	02	NUM
hassl-832	52	52	jan	jan	PROPN
hassl-832	52	53	2018	2018	NUM
hassl-832	52	54	-841.1	-841.1	PROPN
hassl-832	52	55	-74.2	-74.2	NUM
hassl-832	52	56	915.3	915.3	NUM
hassl-832	52	57	13,018.5	13,018.5	NUM
hassl-832	52	58	26dec	26dec	NOUN
hassl-832	52	59	2017	2017	NUM
hassl-832	52	60	-23.1	-23.1	NUM
hassl-832	52	61	-141.9	-141.9	PROPN
hassl-832	52	62	165.0	165.0	NUM
hassl-832	52	63	8,463.6	8,463.6	NUM
hassl-832	52	64	18dec	18dec	NUM
hassl-832	52	65	2017	2017	NUM
hassl-832	52	66	86.2	86.2	NUM
hassl-832	52	67	-47.9	-47.9	NOUN
hassl-832	52	68	-38.3	-38.3	NUM
hassl-832	52	69	10,942.8	10,942.8	NUM
hassl-832	52	70	11dec	11dec	NOUN
hassl-832	52	71	2017	2017	NUM
hassl-832	52	72	-453.3	-453.3	PROPN
hassl-832	52	73	-42.1	-42.1	NUM
hassl-832	52	74	495.4	495.4	NUM
hassl-832	52	75	13,648.2	13,648.2	NOUN
hassl-832	52	76	04dec	04dec	NOUN
hassl-832	52	77	2017	2017	NUM
hassl-832	52	78	-470.5	-470.5	ADP
hassl-832	52	79	132.7	132.7	NUM
hassl-832	52	80	337.9	337.9	NUM
hassl-832	52	81	12,055.3	12,055.3	NUM
hassl-832	52	82	total	total	NOUN
hassl-832	52	83	-4,187.7	-4,187.7	X
hassl-832	52	84	-34.8	-34.8	PROPN
hassl-832	52	85	4,222.4	4,222.4	NUM
hassl-832	52	86	106,826.2	106,826.2	NUM
hassl-832	52	87	source	source	NOUN
hassl-832	52	88	:	:	PUNCT
hassl-832	52	89	http://www.malaysiastock.biz/market-statistic.aspx?m=w	http://www.malaysiastock.biz/market-statistic.aspx?m=w	NOUN
hassl-832	52	90	.	.	PUNCT
hassl-832	52	91	1	1	NUM
hassl-832	52	92	https://www.klsescreener.com/v2/news/view/325467/first_annual_foreign_net_inflow_since_2013	https://www.klsescreener.com/v2/news/view/325467/first_annual_foreign_net_inflow_since_2013	NUM
hassl-832	52	93	,	,	PUNCT
hassl-832	52	94	accessed	access	VERB
hassl-832	52	95	on	on	ADP
hassl-832	52	96	12	12	NUM
hassl-832	52	97	october	october	PROPN
hassl-832	52	98	2019	2019	NUM
hassl-832	52	99	.	.	PUNCT
hassl-832	53	1	2	2	NUM
hassl-832	53	2	https://www.clearias.com/quantitative-easing-federal-tapering/	https://www.clearias.com/quantitative-easing-federal-tapering/	NUM
hassl-832	53	3	,	,	PUNCT
hassl-832	53	4	accessed	access	VERB
hassl-832	53	5	on	on	ADP
hassl-832	53	6	12	12	NUM
hassl-832	53	7	october	october	PROPN
hassl-832	53	8	2019	2019	NUM
hassl-832	53	9	.	.	PUNCT
hassl-832	54	1	humanities	humanity	NOUN
hassl-832	54	2	and	and	CCONJ
hassl-832	54	3	social	social	ADJ
hassl-832	54	4	sciences	science	NOUN
hassl-832	54	5	letters	letter	NOUN
hassl-832	54	6	,	,	PUNCT
hassl-832	54	7	2019	2019	NUM
hassl-832	54	8	,	,	PUNCT
hassl-832	54	9	7(4	7(4	NUM
hassl-832	54	10	):	):	PUNCT
hassl-832	54	11	225	225	NUM
hassl-832	54	12	-	-	SYM
hassl-832	54	13	237	237	NUM
hassl-832	54	14	227	227	NUM
hassl-832	54	15	©	©	PROPN
hassl-832	54	16	2019	2019	NUM
hassl-832	54	17	conscientia	conscientia	PROPN
hassl-832	54	18	beam	beam	PROPN
hassl-832	54	19	.	.	PUNCT
hassl-832	55	1	all	all	DET
hassl-832	55	2	rights	right	NOUN
hassl-832	55	3	reserved	reserve	VERB
hassl-832	55	4	.	.	PUNCT
hassl-832	56	1	in	in	ADP
hassl-832	56	2	figure	figure	NOUN
hassl-832	56	3	2	2	NUM
hassl-832	56	4	,	,	PUNCT
hassl-832	56	5	foreign	foreign	ADJ
hassl-832	56	6	investors	investor	NOUN
hassl-832	56	7	had	have	AUX
hassl-832	56	8	offloaded	offload	VERB
hassl-832	56	9	their	their	PRON
hassl-832	56	10	stock	stock	NOUN
hassl-832	56	11	holdings	holding	NOUN
hassl-832	56	12	a	a	DET
hassl-832	56	13	few	few	ADJ
hassl-832	56	14	months	month	NOUN
hassl-832	56	15	before	before	ADP
hassl-832	56	16	the	the	DET
hassl-832	56	17	ending	ending	NOUN
hassl-832	56	18	of	of	ADP
hassl-832	56	19	qe	qe	PROPN
hassl-832	56	20	.	.	PUNCT
hassl-832	57	1	there	there	PRON
hassl-832	57	2	was	be	VERB
hassl-832	57	3	a	a	DET
hassl-832	57	4	marked	mark	VERB
hassl-832	57	5	increase	increase	NOUN
hassl-832	57	6	in	in	ADP
hassl-832	57	7	the	the	DET
hassl-832	57	8	purchase	purchase	NOUN
hassl-832	57	9	of	of	ADP
hassl-832	57	10	local	local	ADJ
hassl-832	57	11	equities	equity	NOUN
hassl-832	57	12	in	in	ADP
hassl-832	57	13	the	the	DET
hassl-832	57	14	third	third	ADJ
hassl-832	57	15	and	and	CCONJ
hassl-832	57	16	seventh	seventh	ADJ
hassl-832	57	17	month	month	NOUN
hassl-832	57	18	after	after	ADP
hassl-832	57	19	the	the	DET
hassl-832	57	20	end	end	NOUN
hassl-832	57	21	of	of	ADP
hassl-832	57	22	qe	qe	PROPN
hassl-832	57	23	.	.	PUNCT
hassl-832	58	1	however	however	ADV
hassl-832	58	2	,	,	PUNCT
hassl-832	58	3	the	the	DET
hassl-832	58	4	activities	activity	NOUN
hassl-832	58	5	of	of	ADP
hassl-832	58	6	purchase	purchase	NOUN
hassl-832	58	7	and	and	CCONJ
hassl-832	58	8	sales	sale	NOUN
hassl-832	58	9	occurred	occur	VERB
hassl-832	58	10	simultaneously	simultaneously	ADV
hassl-832	58	11	throughout	throughout	ADP
hassl-832	58	12	the	the	DET
hassl-832	58	13	period	period	NOUN
hassl-832	58	14	.	.	PUNCT
hassl-832	59	1	figure-2	figure-2	X
hassl-832	59	2	.	.	PUNCT
hassl-832	59	3	monthly	monthly	ADJ
hassl-832	59	4	trend	trend	NOUN
hassl-832	59	5	of	of	ADP
hassl-832	59	6	foreign	foreign	ADJ
hassl-832	59	7	purchase	purchase	NOUN
hassl-832	59	8	and	and	CCONJ
hassl-832	59	9	sale	sale	NOUN
hassl-832	59	10	.	.	PUNCT
hassl-832	60	1	source	source	NOUN
hassl-832	60	2	:	:	PUNCT
hassl-832	60	3	bursa	bursa	PROPN
hassl-832	60	4	malaysia	malaysia	PROPN
hassl-832	60	5	.	.	PUNCT
hassl-832	61	1	in	in	ADP
hassl-832	61	2	figure	figure	NOUN
hassl-832	61	3	3	3	NUM
hassl-832	61	4	,	,	PUNCT
hassl-832	61	5	it	it	PRON
hassl-832	61	6	seems	seem	VERB
hassl-832	61	7	that	that	SCONJ
hassl-832	61	8	local	local	ADJ
hassl-832	61	9	institutional	institutional	ADJ
hassl-832	61	10	investors	investor	NOUN
hassl-832	61	11	followed	follow	VERB
hassl-832	61	12	the	the	DET
hassl-832	61	13	foreign	foreign	ADJ
hassl-832	61	14	investors	investor	NOUN
hassl-832	61	15	by	by	ADP
hassl-832	61	16	selling	sell	VERB
hassl-832	61	17	their	their	PRON
hassl-832	61	18	holdings	holding	NOUN
hassl-832	61	19	from	from	ADP
hassl-832	61	20	may	may	PROPN
hassl-832	61	21	to	to	ADP
hassl-832	61	22	june	june	PROPN
hassl-832	61	23	2014	2014	NUM
hassl-832	61	24	in	in	ADP
hassl-832	61	25	line	line	NOUN
hassl-832	61	26	with	with	ADP
hassl-832	61	27	qe	qe	PROPN
hassl-832	61	28	tapering	tapering	NOUN
hassl-832	61	29	.	.	PUNCT
hassl-832	62	1	however	however	ADV
hassl-832	62	2	,	,	PUNCT
hassl-832	62	3	there	there	PRON
hassl-832	62	4	were	be	VERB
hassl-832	62	5	periods	period	NOUN
hassl-832	62	6	where	where	SCONJ
hassl-832	62	7	their	their	PRON
hassl-832	62	8	purchases	purchase	NOUN
hassl-832	62	9	of	of	ADP
hassl-832	62	10	equities	equity	NOUN
hassl-832	62	11	outpaced	outpace	VERB
hassl-832	62	12	the	the	DET
hassl-832	62	13	sale	sale	NOUN
hassl-832	62	14	and	and	CCONJ
hassl-832	62	15	vice	vice	NOUN
hassl-832	62	16	versa	versa	ADV
hassl-832	62	17	.	.	PUNCT
hassl-832	63	1	they	they	PRON
hassl-832	63	2	increased	increase	VERB
hassl-832	63	3	their	their	PRON
hassl-832	63	4	purchases	purchase	NOUN
hassl-832	63	5	in	in	ADP
hassl-832	63	6	the	the	DET
hassl-832	63	7	seventh	seventh	ADJ
hassl-832	63	8	month	month	NOUN
hassl-832	63	9	after	after	SCONJ
hassl-832	63	10	the	the	DET
hassl-832	63	11	qe	qe	PROPN
hassl-832	63	12	ended	end	VERB
hassl-832	63	13	in	in	ADP
hassl-832	63	14	tandem	tandem	NOUN
hassl-832	63	15	with	with	ADP
hassl-832	63	16	the	the	DET
hassl-832	63	17	foreign	foreign	ADJ
hassl-832	63	18	purchase	purchase	NOUN
hassl-832	63	19	as	as	ADV
hassl-832	63	20	well	well	ADV
hassl-832	63	21	.	.	PUNCT
hassl-832	64	1	figure-3	figure-3	PUNCT
hassl-832	64	2	.	.	NOUN
hassl-832	65	1	monthly	monthly	ADJ
hassl-832	65	2	trend	trend	NOUN
hassl-832	65	3	of	of	ADP
hassl-832	65	4	local	local	ADJ
hassl-832	65	5	institutional	institutional	ADJ
hassl-832	65	6	purchase	purchase	NOUN
hassl-832	65	7	and	and	CCONJ
hassl-832	65	8	sale	sale	NOUN
hassl-832	65	9	.	.	PUNCT
hassl-832	66	1	source	source	NOUN
hassl-832	66	2	:	:	PUNCT
hassl-832	66	3	bursa	bursa	PROPN
hassl-832	66	4	malaysia	malaysia	PROPN
hassl-832	66	5	.	.	PUNCT
hassl-832	67	1	figure-4	figure-4	PROPN
hassl-832	67	2	.	.	PUNCT
hassl-832	67	3	monthly	monthly	ADJ
hassl-832	67	4	trend	trend	NOUN
hassl-832	67	5	of	of	ADP
hassl-832	67	6	local	local	ADJ
hassl-832	67	7	retail	retail	ADJ
hassl-832	67	8	purchase	purchase	NOUN
hassl-832	67	9	and	and	CCONJ
hassl-832	67	10	sale	sale	NOUN
hassl-832	67	11	.	.	PUNCT
hassl-832	68	1	source	source	NOUN
hassl-832	68	2	:	:	PUNCT
hassl-832	68	3	bursa	bursa	PROPN
hassl-832	68	4	malaysia	malaysia	PROPN
hassl-832	68	5	.	.	PUNCT
hassl-832	69	1	humanities	humanity	NOUN
hassl-832	69	2	and	and	CCONJ
hassl-832	69	3	social	social	ADJ
hassl-832	69	4	sciences	science	NOUN
hassl-832	69	5	letters	letter	NOUN
hassl-832	69	6	,	,	PUNCT
hassl-832	69	7	2019	2019	NUM
hassl-832	69	8	,	,	PUNCT
hassl-832	69	9	7(4	7(4	NUM
hassl-832	69	10	):	):	PUNCT
hassl-832	69	11	225	225	NUM
hassl-832	69	12	-	-	SYM
hassl-832	69	13	237	237	NUM
hassl-832	69	14	228	228	NUM
hassl-832	69	15	©	©	PROPN
hassl-832	69	16	2019	2019	NUM
hassl-832	69	17	conscientia	conscientia	PROPN
hassl-832	69	18	beam	beam	PROPN
hassl-832	69	19	.	.	PUNCT
hassl-832	70	1	all	all	DET
hassl-832	70	2	rights	right	NOUN
hassl-832	70	3	reserved	reserve	VERB
hassl-832	70	4	.	.	PUNCT
hassl-832	71	1	figure	figure	VERB
hassl-832	71	2	4	4	NUM
hassl-832	71	3	shows	show	VERB
hassl-832	71	4	a	a	DET
hassl-832	71	5	different	different	ADJ
hassl-832	71	6	story	story	NOUN
hassl-832	71	7	for	for	ADP
hassl-832	71	8	local	local	ADJ
hassl-832	71	9	retail	retail	ADJ
hassl-832	71	10	investors	investor	NOUN
hassl-832	71	11	.	.	PUNCT
hassl-832	72	1	there	there	PRON
hassl-832	72	2	was	be	VERB
hassl-832	72	3	a	a	DET
hassl-832	72	4	marked	mark	VERB
hassl-832	72	5	increase	increase	NOUN
hassl-832	72	6	in	in	ADP
hassl-832	72	7	sales	sale	NOUN
hassl-832	72	8	and	and	CCONJ
hassl-832	72	9	purchases	purchase	NOUN
hassl-832	72	10	of	of	ADP
hassl-832	72	11	local	local	ADJ
hassl-832	72	12	equities	equity	NOUN
hassl-832	72	13	in	in	ADP
hassl-832	72	14	months	month	NOUN
hassl-832	72	15	leading	lead	VERB
hassl-832	72	16	to	to	ADP
hassl-832	72	17	qe	qe	PROPN
hassl-832	72	18	tapering	tapering	NOUN
hassl-832	72	19	.	.	PUNCT
hassl-832	73	1	there	there	PRON
hassl-832	73	2	was	be	VERB
hassl-832	73	3	a	a	DET
hassl-832	73	4	sharp	sharp	ADJ
hassl-832	73	5	decline	decline	NOUN
hassl-832	73	6	in	in	ADP
hassl-832	73	7	both	both	DET
hassl-832	73	8	sales	sale	NOUN
hassl-832	73	9	and	and	CCONJ
hassl-832	73	10	purchases	purchase	NOUN
hassl-832	73	11	once	once	SCONJ
hassl-832	73	12	the	the	DET
hassl-832	73	13	qe	qe	PROPN
hassl-832	73	14	ended	end	VERB
hassl-832	73	15	,	,	PUNCT
hassl-832	73	16	followed	follow	VERB
hassl-832	73	17	by	by	ADP
hassl-832	73	18	a	a	DET
hassl-832	73	19	slow	slow	ADJ
hassl-832	73	20	v	v	NOUN
hassl-832	73	21	-	-	NOUN
hassl-832	73	22	shape	shape	NOUN
hassl-832	73	23	from	from	ADP
hassl-832	73	24	the	the	DET
hassl-832	73	25	third	third	ADJ
hassl-832	73	26	-	-	PUNCT
hassl-832	73	27	month	month	NOUN
hassl-832	73	28	post	post	NOUN
hassl-832	73	29	-	-	ADJ
hassl-832	73	30	qe	qe	ADJ
hassl-832	73	31	,	,	PUNCT
hassl-832	73	32	where	where	SCONJ
hassl-832	73	33	sales	sale	NOUN
hassl-832	73	34	seemed	seem	VERB
hassl-832	73	35	to	to	PART
hassl-832	73	36	outpace	outpace	VERB
hassl-832	73	37	purchases	purchase	NOUN
hassl-832	73	38	throughout	throughout	ADP
hassl-832	73	39	7th	7th	ADJ
hassl-832	73	40	to	to	ADP
hassl-832	73	41	12th	12th	ADJ
hassl-832	73	42	-	-	PUNCT
hassl-832	73	43	month	month	NOUN
hassl-832	73	44	post	post	ADJ
hassl-832	73	45	-	-	ADJ
hassl-832	73	46	qe	qe	ADJ
hassl-832	73	47	periods	period	NOUN
hassl-832	73	48	.	.	PUNCT
hassl-832	74	1	the	the	DET
hassl-832	74	2	role	role	NOUN
hassl-832	74	3	of	of	ADP
hassl-832	74	4	local	local	ADJ
hassl-832	74	5	retail	retail	ADJ
hassl-832	74	6	investors	investor	NOUN
hassl-832	74	7	can	can	AUX
hassl-832	74	8	not	not	PART
hassl-832	74	9	be	be	AUX
hassl-832	74	10	ignored	ignore	VERB
hassl-832	74	11	.	.	PUNCT
hassl-832	75	1	towards	towards	ADP
hassl-832	75	2	this	this	DET
hassl-832	75	3	end	end	NOUN
hassl-832	75	4	,	,	PUNCT
hassl-832	75	5	bursa	bursa	PROPN
hassl-832	75	6	malaysia	malaysia	PROPN
hassl-832	75	7	has	have	AUX
hassl-832	75	8	introduced	introduce	VERB
hassl-832	75	9	regulated	regulate	VERB
hassl-832	75	10	short	short	ADJ
hassl-832	75	11	selling	selling	NOUN
hassl-832	75	12	(	(	PUNCT
hassl-832	75	13	rss	rss	NOUN
hassl-832	75	14	)	)	PUNCT
hassl-832	75	15	for	for	ADP
hassl-832	75	16	licensed	licensed	ADJ
hassl-832	75	17	proprietary	proprietary	ADJ
hassl-832	75	18	traders	trader	NOUN
hassl-832	75	19	starting	start	VERB
hassl-832	75	20	with	with	ADP
hassl-832	75	21	a	a	DET
hassl-832	75	22	list	list	NOUN
hassl-832	75	23	of	of	ADP
hassl-832	75	24	100	100	NUM
hassl-832	75	25	stocks	stock	NOUN
hassl-832	75	26	since	since	SCONJ
hassl-832	75	27	2007	2007	NUM
hassl-832	75	28	.	.	PUNCT
hassl-832	76	1	interestingly	interestingly	ADV
hassl-832	76	2	,	,	PUNCT
hassl-832	76	3	rss	rss	PROPN
hassl-832	76	4	has	have	AUX
hassl-832	76	5	been	be	AUX
hassl-832	76	6	extended	extend	VERB
hassl-832	76	7	to	to	ADP
hassl-832	76	8	retail	retail	ADJ
hassl-832	76	9	investors	investor	NOUN
hassl-832	76	10	from	from	ADP
hassl-832	76	11	february	february	PROPN
hassl-832	76	12	2018.3	2018.3	NUM
hassl-832	76	13	however	however	ADV
hassl-832	76	14	,	,	PUNCT
hassl-832	76	15	the	the	DET
hassl-832	76	16	retail	retail	ADJ
hassl-832	76	17	investor	investor	NOUN
hassl-832	76	18	must	must	AUX
hassl-832	76	19	have	have	VERB
hassl-832	76	20	a	a	DET
hassl-832	76	21	stock	stock	NOUN
hassl-832	76	22	borrowing	borrowing	NOUN
hassl-832	76	23	and	and	CCONJ
hassl-832	76	24	lending	lending	NOUN
hassl-832	76	25	agreement	agreement	NOUN
hassl-832	76	26	(	(	PUNCT
hassl-832	76	27	spl	spl	PROPN
hassl-832	76	28	)	)	PUNCT
hassl-832	76	29	with	with	ADP
hassl-832	76	30	a	a	DET
hassl-832	76	31	broker	broker	NOUN
hassl-832	76	32	in	in	ADP
hassl-832	76	33	order	order	NOUN
hassl-832	76	34	to	to	PART
hassl-832	76	35	become	become	VERB
hassl-832	76	36	a	a	DET
hassl-832	76	37	proprietary	proprietary	ADJ
hassl-832	76	38	day	day	NOUN
hassl-832	76	39	trader	trader	NOUN
hassl-832	76	40	(	(	PUNCT
hassl-832	76	41	pdt	pdt	PROPN
hassl-832	76	42	)	)	PUNCT
hassl-832	76	43	and	and	CCONJ
hassl-832	76	44	involve	involve	VERB
hassl-832	76	45	in	in	ADP
hassl-832	76	46	intraday	intraday	NOUN
hassl-832	76	47	short	short	ADJ
hassl-832	76	48	selling	selling	NOUN
hassl-832	76	49	(	(	PUNCT
hassl-832	76	50	idss	idss	NOUN
hassl-832	76	51	)	)	PUNCT
hassl-832	76	52	activities	activity	NOUN
hassl-832	76	53	.	.	PUNCT
hassl-832	77	1	in	in	ADP
hassl-832	77	2	short	short	ADJ
hassl-832	77	3	,	,	PUNCT
hassl-832	77	4	the	the	DET
hassl-832	77	5	rss	rss	NOUN
hassl-832	77	6	policy	policy	NOUN
hassl-832	77	7	has	have	AUX
hassl-832	77	8	created	create	VERB
hassl-832	77	9	more	more	ADJ
hassl-832	77	10	depth	depth	NOUN
hassl-832	77	11	and	and	CCONJ
hassl-832	77	12	liquidity	liquidity	NOUN
hassl-832	77	13	for	for	ADP
hassl-832	77	14	the	the	DET
hassl-832	77	15	market	market	NOUN
hassl-832	77	16	by	by	ADP
hassl-832	77	17	enabling	enable	VERB
hassl-832	77	18	retail	retail	ADJ
hassl-832	77	19	investor	investor	NOUN
hassl-832	77	20	to	to	PART
hassl-832	77	21	do	do	VERB
hassl-832	77	22	short	short	ADV
hassl-832	77	23	-	-	PUNCT
hassl-832	77	24	selling	selling	NOUN
hassl-832	77	25	like	like	ADP
hassl-832	77	26	institutional	institutional	ADJ
hassl-832	77	27	and	and	CCONJ
hassl-832	77	28	foreign	foreign	ADJ
hassl-832	77	29	investors	investor	NOUN
hassl-832	77	30	.	.	PUNCT
hassl-832	78	1	to	to	PART
hassl-832	78	2	further	far	ADV
hassl-832	78	3	understand	understand	VERB
hassl-832	78	4	the	the	DET
hassl-832	78	5	trading	trading	NOUN
hassl-832	78	6	behavior	behavior	NOUN
hassl-832	78	7	between	between	ADP
hassl-832	78	8	the	the	DET
hassl-832	78	9	investors	investor	NOUN
hassl-832	78	10	,	,	PUNCT
hassl-832	78	11	table	table	NOUN
hassl-832	78	12	2	2	NUM
hassl-832	78	13	is	be	AUX
hassl-832	78	14	constructed	construct	VERB
hassl-832	78	15	to	to	PART
hassl-832	78	16	compare	compare	VERB
hassl-832	78	17	the	the	DET
hassl-832	78	18	purchases	purchase	NOUN
hassl-832	78	19	and	and	CCONJ
hassl-832	78	20	sales	sale	NOUN
hassl-832	78	21	volume	volume	NOUN
hassl-832	78	22	of	of	ADP
hassl-832	78	23	the	the	DET
hassl-832	78	24	respective	respective	ADJ
hassl-832	78	25	group	group	NOUN
hassl-832	78	26	from	from	ADP
hassl-832	78	27	april	april	PROPN
hassl-832	78	28	2014	2014	NUM
hassl-832	78	29	to	to	ADP
hassl-832	78	30	october	october	PROPN
hassl-832	78	31	2015	2015	NUM
hassl-832	78	32	.	.	PUNCT
hassl-832	79	1	there	there	PRON
hassl-832	79	2	are	be	VERB
hassl-832	79	3	three	three	NUM
hassl-832	79	4	main	main	ADJ
hassl-832	79	5	observations	observation	NOUN
hassl-832	79	6	:	:	PUNCT
hassl-832	79	7	first	first	ADV
hassl-832	79	8	,	,	PUNCT
hassl-832	79	9	during	during	ADP
hassl-832	79	10	u.s	u.s	PROPN
hassl-832	79	11	.	.	PROPN
hassl-832	79	12	qe	qe	PROPN
hassl-832	79	13	period	period	NOUN
hassl-832	79	14	,	,	PUNCT
hassl-832	79	15	foreign	foreign	ADJ
hassl-832	79	16	investor	investor	NOUN
hassl-832	79	17	is	be	AUX
hassl-832	79	18	the	the	DET
hassl-832	79	19	net	net	ADJ
hassl-832	79	20	buyer	buyer	NOUN
hassl-832	79	21	of	of	ADP
hassl-832	79	22	local	local	ADJ
hassl-832	79	23	equities	equity	NOUN
hassl-832	79	24	.	.	PUNCT
hassl-832	80	1	however	however	ADV
hassl-832	80	2	,	,	PUNCT
hassl-832	80	3	they	they	PRON
hassl-832	80	4	are	be	AUX
hassl-832	80	5	the	the	DET
hassl-832	80	6	net	net	ADJ
hassl-832	80	7	seller	seller	NOUN
hassl-832	80	8	in	in	ADP
hassl-832	80	9	post	post	PROPN
hassl-832	80	10	-	-	ADJ
hassl-832	80	11	qe	qe	NOUN
hassl-832	80	12	from	from	ADP
hassl-832	80	13	1st	1st	NOUN
hassl-832	80	14	to	to	ADP
hassl-832	80	15	12th	12th	ADJ
hassl-832	80	16	month	month	NOUN
hassl-832	80	17	(	(	PUNCT
hassl-832	80	18	panel	panel	NOUN
hassl-832	80	19	a	a	X
hassl-832	80	20	)	)	PUNCT
hassl-832	80	21	;	;	PUNCT
hassl-832	80	22	second	second	X
hassl-832	80	23	,	,	PUNCT
hassl-832	80	24	local	local	ADJ
hassl-832	80	25	retail	retail	ADJ
hassl-832	80	26	investor	investor	NOUN
hassl-832	80	27	has	have	AUX
hassl-832	80	28	been	be	AUX
hassl-832	80	29	the	the	DET
hassl-832	80	30	net	net	ADJ
hassl-832	80	31	seller	seller	NOUN
hassl-832	80	32	of	of	ADP
hassl-832	80	33	local	local	ADJ
hassl-832	80	34	equities	equity	NOUN
hassl-832	80	35	across	across	ADP
hassl-832	80	36	the	the	DET
hassl-832	80	37	three	three	NUM
hassl-832	80	38	sub	sub	NOUN
hassl-832	80	39	-	-	ADJ
hassl-832	80	40	periods	periods	ADJ
hassl-832	80	41	(	(	PUNCT
hassl-832	80	42	panel	panel	NOUN
hassl-832	80	43	a	a	X
hassl-832	80	44	)	)	PUNCT
hassl-832	80	45	;	;	PUNCT
hassl-832	80	46	third	third	X
hassl-832	80	47	,	,	PUNCT
hassl-832	80	48	local	local	ADJ
hassl-832	80	49	institutional	institutional	ADJ
hassl-832	80	50	investor	investor	NOUN
hassl-832	80	51	has	have	AUX
hassl-832	80	52	always	always	ADV
hassl-832	80	53	been	be	AUX
hassl-832	80	54	an	an	DET
hassl-832	80	55	important	important	ADJ
hassl-832	80	56	buyer	buyer	NOUN
hassl-832	80	57	of	of	ADP
hassl-832	80	58	local	local	ADJ
hassl-832	80	59	equities	equity	NOUN
hassl-832	80	60	as	as	SCONJ
hassl-832	80	61	compared	compare	VERB
hassl-832	80	62	to	to	ADP
hassl-832	80	63	others	other	NOUN
hassl-832	80	64	across	across	ADP
hassl-832	80	65	qe	qe	PROPN
hassl-832	80	66	and	and	CCONJ
hassl-832	80	67	post	post	ADJ
hassl-832	80	68	-	-	ADJ
hassl-832	80	69	qe	qe	ADJ
hassl-832	80	70	periods	period	NOUN
hassl-832	80	71	(	(	PUNCT
hassl-832	80	72	panel	panel	NOUN
hassl-832	80	73	b	b	NOUN
hassl-832	80	74	)	)	PUNCT
hassl-832	80	75	.	.	PUNCT
hassl-832	81	1	however	however	ADV
hassl-832	81	2	,	,	PUNCT
hassl-832	81	3	they	they	PRON
hassl-832	81	4	are	be	AUX
hassl-832	81	5	also	also	ADV
hassl-832	81	6	the	the	DET
hassl-832	81	7	main	main	ADJ
hassl-832	81	8	seller	seller	NOUN
hassl-832	81	9	of	of	ADP
hassl-832	81	10	local	local	ADJ
hassl-832	81	11	equities	equity	NOUN
hassl-832	81	12	across	across	ADP
hassl-832	81	13	the	the	DET
hassl-832	81	14	three	three	NUM
hassl-832	81	15	periods	period	NOUN
hassl-832	81	16	(	(	PUNCT
hassl-832	81	17	panel	panel	NOUN
hassl-832	81	18	c	c	NOUN
hassl-832	81	19	)	)	PUNCT
hassl-832	81	20	.	.	PUNCT
hassl-832	82	1	table-2	table-2	NUM
hassl-832	82	2	.	.	PUNCT
hassl-832	82	3	trading	trading	NOUN
hassl-832	82	4	volume	volume	NOUN
hassl-832	82	5	by	by	ADP
hassl-832	82	6	type	type	NOUN
hassl-832	82	7	of	of	ADP
hassl-832	82	8	investors	investor	NOUN
hassl-832	82	9	(	(	PUNCT
hassl-832	82	10	rm	rm	NOUN
hassl-832	82	11	million	million	NUM
hassl-832	82	12	)	)	PUNCT
hassl-832	82	13	.	.	PUNCT
hassl-832	83	1	panel	panel	NOUN
hassl-832	83	2	a	a	DET
hassl-832	83	3	:	:	PUNCT
hassl-832	83	4	comparison	comparison	NOUN
hassl-832	83	5	between	between	ADP
hassl-832	83	6	sales	sale	NOUN
hassl-832	83	7	and	and	CCONJ
hassl-832	83	8	purchases	purchase	NOUN
hassl-832	83	9	by	by	ADP
hassl-832	83	10	individual	individual	ADJ
hassl-832	83	11	group	group	NOUN
hassl-832	83	12	.	.	PUNCT
hassl-832	84	1	variables	variables	PROPN
hassl-832	84	2	u.s	u.s	PROPN
hassl-832	84	3	.	.	PROPN
hassl-832	84	4	qe	qe	PROPN
hassl-832	84	5	obs	obs	PROPN
hassl-832	84	6	post-u.s.qe	post-u.s.qe	PROPN
hassl-832	84	7	(	(	PUNCT
hassl-832	84	8	1	1	NUM
hassl-832	84	9	to	to	PART
hassl-832	84	10	6	6	NUM
hassl-832	84	11	months	month	NOUN
hassl-832	84	12	)	)	PUNCT
hassl-832	84	13	obs	obs	PROPN
hassl-832	84	14	post	post	PROPN
hassl-832	84	15	-	-	PROPN
hassl-832	84	16	u.s	u.s	PROPN
hassl-832	84	17	.	.	PROPN
hassl-832	84	18	qe	qe	PROPN
hassl-832	84	19	(	(	PUNCT
hassl-832	84	20	7	7	NUM
hassl-832	84	21	to	to	PART
hassl-832	84	22	12	12	NUM
hassl-832	84	23	months	month	NOUN
hassl-832	84	24	)	)	PUNCT
hassl-832	84	25	obs	obs	PROPN
hassl-832	84	26	lip	lip	VERB
hassl-832	84	27	141458.6	141458.6	NUM
hassl-832	84	28	136371.3	136371.3	NUM
hassl-832	84	29	139717.02	139717.02	NUM
hassl-832	84	30	lis	li	NOUN
hassl-832	84	31	140846.2	140846.2	NUM
hassl-832	84	32	lip	lip	NOUN
hassl-832	84	33	>	>	X
hassl-832	84	34	lis	li	NOUN
hassl-832	84	35	130121.1	130121.1	NUM
hassl-832	84	36	lip	lip	NOUN
hassl-832	84	37	>	>	X
hassl-832	84	38	lis	lis	PROPN
hassl-832	84	39	124835.13	124835.13	NUM
hassl-832	84	40	lip	lip	NOUN
hassl-832	84	41	>	>	X
hassl-832	84	42	lis	lis	X
hassl-832	84	43	lrp	lrp	PROPN
hassl-832	84	44	54264.5	54264.5	NUM
hassl-832	84	45	46507.7	46507.7	NUM
hassl-832	84	46	43314.42	43314.42	NUM
hassl-832	84	47	lrs	lrs	PROPN
hassl-832	84	48	56080.5	56080.5	NUM
hassl-832	84	49	lrs	lrs	PROPN
hassl-832	84	50	>	>	X
hassl-832	84	51	lrp	lrp	PROPN
hassl-832	84	52	47373.3	47373.3	NUM
hassl-832	84	53	lrs	lrs	PROPN
hassl-832	84	54	>	>	X
hassl-832	84	55	lrp	lrp	PROPN
hassl-832	84	56	44121.49	44121.49	PROPN
hassl-832	84	57	lrs	lrs	PROPN
hassl-832	84	58	>	>	X
hassl-832	84	59	lrp	lrp	PROPN
hassl-832	84	60	fp	fp	PROPN
hassl-832	84	61	61135.4	61135.4	NUM
hassl-832	84	62	61139.2	61139.2	NUM
hassl-832	84	63	57019.79	57019.79	NUM
hassl-832	84	64	fs	fs	ADP
hassl-832	84	65	59899	59899	NUM
hassl-832	84	66	fp	fp	INTJ
hassl-832	84	67	>	>	X
hassl-832	84	68	fs	fs	ADP
hassl-832	84	69	66513.9	66513.9	NUM
hassl-832	84	70	fs	fs	ADP
hassl-832	84	71	>	>	X
hassl-832	84	72	fp	fp	PROPN
hassl-832	84	73	71139.61	71139.61	NUM
hassl-832	84	74	fs	fs	ADP
hassl-832	84	75	>	>	X
hassl-832	84	76	fp	fp	PROPN
hassl-832	84	77	panel	panel	NOUN
hassl-832	84	78	b	b	PROPN
hassl-832	84	79	:	:	PUNCT
hassl-832	84	80	comparison	comparison	NOUN
hassl-832	84	81	of	of	ADP
hassl-832	84	82	purchases	purchase	NOUN
hassl-832	84	83	between	between	ADP
hassl-832	84	84	institutional	institutional	ADJ
hassl-832	84	85	,	,	PUNCT
hassl-832	84	86	foreign	foreign	ADJ
hassl-832	84	87	and	and	CCONJ
hassl-832	84	88	retail	retail	ADJ
hassl-832	84	89	investors	investor	NOUN
hassl-832	84	90	.	.	PUNCT
hassl-832	85	1	variables	variables	PROPN
hassl-832	85	2	u.s	u.s	PROPN
hassl-832	85	3	.	.	PROPN
hassl-832	85	4	qe	qe	PROPN
hassl-832	85	5	obs	obs	PROPN
hassl-832	85	6	post-u.s.qe	post-u.s.qe	PROPN
hassl-832	85	7	(	(	PUNCT
hassl-832	85	8	1	1	NUM
hassl-832	85	9	to	to	PART
hassl-832	85	10	6	6	NUM
hassl-832	85	11	months	month	NOUN
hassl-832	85	12	)	)	PUNCT
hassl-832	85	13	obs	obs	PROPN
hassl-832	85	14	post	post	PROPN
hassl-832	85	15	-	-	PROPN
hassl-832	85	16	u.s	u.s	PROPN
hassl-832	85	17	.	.	PROPN
hassl-832	85	18	qe	qe	PROPN
hassl-832	85	19	(	(	PUNCT
hassl-832	85	20	7	7	NUM
hassl-832	85	21	to	to	PART
hassl-832	85	22	12	12	NUM
hassl-832	85	23	months	month	NOUN
hassl-832	85	24	)	)	PUNCT
hassl-832	85	25	obs	obs	PROPN
hassl-832	85	26	lip	lip	VERB
hassl-832	85	27	141458.6	141458.6	NUM
hassl-832	85	28	136371.3	136371.3	NUM
hassl-832	85	29	139717.02	139717.02	NUM
hassl-832	85	30	fp	fp	PROPN
hassl-832	85	31	61135.4	61135.4	NUM
hassl-832	85	32	lip	lip	NOUN
hassl-832	85	33	>	>	X
hassl-832	86	1	fp	fp	PROPN
hassl-832	86	2	61139.2	61139.2	NUM
hassl-832	86	3	lip	lip	NOUN
hassl-832	86	4	>	>	X
hassl-832	86	5	fp	fp	ADP
hassl-832	86	6	57019.79	57019.79	NUM
hassl-832	86	7	lip	lip	NOUN
hassl-832	86	8	>	>	X
hassl-832	86	9	fp	fp	INTJ
hassl-832	86	10	fs	fs	ADP
hassl-832	86	11	59899	59899	NUM
hassl-832	86	12	lip	lip	NOUN
hassl-832	86	13	>	>	X
hassl-832	86	14	fs	fs	ADP
hassl-832	86	15	66513.9	66513.9	NUM
hassl-832	86	16	lip	lip	NOUN
hassl-832	86	17	>	>	X
hassl-832	86	18	fs	fs	ADP
hassl-832	86	19	71139.61	71139.61	NUM
hassl-832	86	20	lip	lip	NOUN
hassl-832	86	21	>	>	X
hassl-832	86	22	fs	fs	ADP
hassl-832	86	23	lrp	lrp	PROPN
hassl-832	86	24	54264.5	54264.5	PROPN
hassl-832	86	25	lip	lip	NOUN
hassl-832	86	26	>	>	X
hassl-832	86	27	lrp	lrp	PROPN
hassl-832	86	28	46507.7	46507.7	NUM
hassl-832	86	29	lip	lip	NOUN
hassl-832	86	30	>	>	X
hassl-832	86	31	lrp	lrp	PROPN
hassl-832	86	32	43314.42	43314.42	NUM
hassl-832	86	33	lip	lip	NOUN
hassl-832	86	34	>	>	X
hassl-832	86	35	lrp	lrp	PROPN
hassl-832	86	36	lrs	lrs	PROPN
hassl-832	86	37	56080.5	56080.5	NUM
hassl-832	86	38	lip	lip	NOUN
hassl-832	86	39	>	>	X
hassl-832	86	40	lrs	lrs	PROPN
hassl-832	86	41	47373.3	47373.3	NUM
hassl-832	86	42	lip	lip	NOUN
hassl-832	86	43	>	>	X
hassl-832	86	44	lrs	lrs	PROPN
hassl-832	86	45	44121.49	44121.49	NUM
hassl-832	86	46	lip	lip	NOUN
hassl-832	86	47	>	>	X
hassl-832	86	48	lrs	lrs	PROPN
hassl-832	86	49	panel	panel	NOUN
hassl-832	86	50	c	c	NOUN
hassl-832	86	51	:	:	PUNCT
hassl-832	86	52	comparison	comparison	NOUN
hassl-832	86	53	of	of	ADP
hassl-832	86	54	sales	sale	NOUN
hassl-832	86	55	between	between	ADP
hassl-832	86	56	institutional	institutional	ADJ
hassl-832	86	57	,	,	PUNCT
hassl-832	86	58	foreign	foreign	ADJ
hassl-832	86	59	and	and	CCONJ
hassl-832	86	60	retail	retail	ADJ
hassl-832	86	61	investors	investor	NOUN
hassl-832	86	62	.	.	PUNCT
hassl-832	87	1	variables	variables	PROPN
hassl-832	87	2	u.s	u.s	PROPN
hassl-832	87	3	.	.	PROPN
hassl-832	87	4	qe	qe	PROPN
hassl-832	87	5	obs	obs	PROPN
hassl-832	87	6	post-u.s.qe	post-u.s.qe	PROPN
hassl-832	87	7	(	(	PUNCT
hassl-832	87	8	1	1	NUM
hassl-832	87	9	to	to	PART
hassl-832	87	10	6	6	NUM
hassl-832	87	11	months	month	NOUN
hassl-832	87	12	)	)	PUNCT
hassl-832	87	13	obs	obs	PROPN
hassl-832	87	14	post	post	PROPN
hassl-832	87	15	-	-	PROPN
hassl-832	87	16	u.s	u.s	PROPN
hassl-832	87	17	.	.	PROPN
hassl-832	87	18	qe	qe	PROPN
hassl-832	87	19	(	(	PUNCT
hassl-832	87	20	7	7	NUM
hassl-832	87	21	to	to	PART
hassl-832	87	22	12	12	NUM
hassl-832	87	23	months	month	NOUN
hassl-832	87	24	)	)	PUNCT
hassl-832	87	25	obs	obs	PROPN
hassl-832	87	26	lis	li	VERB
hassl-832	87	27	140846.2	140846.2	NUM
hassl-832	87	28	130121.1	130121.1	NUM
hassl-832	87	29	124835.13	124835.13	NUM
hassl-832	87	30	fp	fp	PROPN
hassl-832	87	31	61135.4	61135.4	NUM
hassl-832	87	32	lis	li	NOUN
hassl-832	87	33	>	>	X
hassl-832	87	34	fp	fp	PROPN
hassl-832	87	35	61139.2	61139.2	NUM
hassl-832	87	36	lis	lis	PROPN
hassl-832	87	37	>	>	X
hassl-832	87	38	fp	fp	X
hassl-832	87	39	57019.79	57019.79	NUM
hassl-832	87	40	lis	li	NOUN
hassl-832	87	41	>	>	X
hassl-832	87	42	fp	fp	X
hassl-832	87	43	fs	fs	ADP
hassl-832	87	44	59899	59899	NUM
hassl-832	87	45	lis	li	NOUN
hassl-832	87	46	>	>	X
hassl-832	87	47	fs	fs	ADP
hassl-832	87	48	66513.9	66513.9	NUM
hassl-832	87	49	lis	li	NOUN
hassl-832	87	50	>	>	X
hassl-832	87	51	fs	fs	ADP
hassl-832	87	52	71139.61	71139.61	NUM
hassl-832	87	53	lis	li	NOUN
hassl-832	87	54	>	>	X
hassl-832	87	55	fs	fs	ADP
hassl-832	87	56	lrp	lrp	PROPN
hassl-832	87	57	54264.5	54264.5	NUM
hassl-832	87	58	lis	lis	PROPN
hassl-832	87	59	>	>	X
hassl-832	87	60	lrp	lrp	PROPN
hassl-832	87	61	46507.7	46507.7	NUM
hassl-832	87	62	lis	li	NOUN
hassl-832	87	63	>	>	X
hassl-832	87	64	lrp	lrp	PROPN
hassl-832	87	65	43314.42	43314.42	NUM
hassl-832	87	66	lis	lis	PROPN
hassl-832	87	67	>	>	X
hassl-832	87	68	lrp	lrp	PROPN
hassl-832	87	69	lrs	lrs	PROPN
hassl-832	87	70	56080.5	56080.5	NUM
hassl-832	87	71	lis	li	NOUN
hassl-832	87	72	>	>	X
hassl-832	87	73	lrs	lrs	PROPN
hassl-832	87	74	47373.3	47373.3	NUM
hassl-832	87	75	lis	lis	PROPN
hassl-832	87	76	>	>	X
hassl-832	87	77	lrs	lrs	PROPN
hassl-832	87	78	44121.49	44121.49	PROPN
hassl-832	87	79	lis	lis	PROPN
hassl-832	87	80	>	>	X
hassl-832	87	81	lrs	lrs	PROPN
hassl-832	87	82	notes	note	VERB
hassl-832	87	83	:	:	PUNCT
hassl-832	87	84	all	all	DET
hassl-832	87	85	values	value	NOUN
hassl-832	87	86	are	be	AUX
hassl-832	87	87	in	in	ADP
hassl-832	87	88	myr	myr	PROPN
hassl-832	87	89	million	million	NUM
hassl-832	87	90	.	.	PUNCT
hassl-832	88	1	u.s	u.s	PROPN
hassl-832	88	2	.	.	PROPN
hassl-832	88	3	qe	qe	PROPN
hassl-832	88	4	:	:	PUNCT
hassl-832	88	5	28/4/2014	28/4/2014	NUM
hassl-832	88	6	28/10/2014	28/10/2014	NUM
hassl-832	88	7	.	.	PUNCT
hassl-832	89	1	post	post	ADJ
hassl-832	89	2	-	-	ADJ
hassl-832	89	3	u.s	u.s	PROPN
hassl-832	89	4	.	.	PROPN
hassl-832	89	5	qe	qe	PROPN
hassl-832	89	6	(	(	PUNCT
hassl-832	89	7	1	1	NUM
hassl-832	89	8	to	to	PART
hassl-832	89	9	6	6	NUM
hassl-832	89	10	months	month	NOUN
hassl-832	89	11	):	):	PUNCT
hassl-832	89	12	29/10/2014	29/10/2014	NUM
hassl-832	89	13	27/4/2015	27/4/2015	NUM
hassl-832	89	14	.	.	PUNCT
hassl-832	90	1	post	post	PROPN
hassl-832	90	2	-	-	ADJ
hassl-832	90	3	u.s	u.s	PROPN
hassl-832	90	4	.	.	PROPN
hassl-832	90	5	qe	qe	PROPN
hassl-832	90	6	(	(	PUNCT
hassl-832	90	7	7	7	NUM
hassl-832	90	8	to	to	PART
hassl-832	90	9	12	12	NUM
hassl-832	90	10	months	month	NOUN
hassl-832	90	11	):	):	PUNCT
hassl-832	90	12	28/4/2015	28/4/2015	NUM
hassl-832	90	13	–	–	SYM
hassl-832	90	14	26/10/2015	26/10/2015	NUM
hassl-832	90	15	.	.	PUNCT
hassl-832	91	1	lip	lip	PROPN
hassl-832	91	2	denotes	denote	VERB
hassl-832	91	3	local	local	ADJ
hassl-832	91	4	institutional	institutional	ADJ
hassl-832	91	5	purchase	purchase	NOUN
hassl-832	91	6	.	.	PUNCT
hassl-832	92	1	lrp	lrp	PROPN
hassl-832	92	2	denotes	denote	VERB
hassl-832	92	3	local	local	ADJ
hassl-832	92	4	retail	retail	ADJ
hassl-832	92	5	purchase	purchase	NOUN
hassl-832	92	6	.	.	PUNCT
hassl-832	93	1	fp	fp	PROPN
hassl-832	93	2	denotes	denote	NOUN
hassl-832	93	3	foreign	foreign	ADJ
hassl-832	93	4	purchase	purchase	NOUN
hassl-832	93	5	.	.	PUNCT
hassl-832	94	1	lis	li	NOUN
hassl-832	94	2	denotes	denote	VERB
hassl-832	94	3	local	local	ADJ
hassl-832	94	4	institutional	institutional	ADJ
hassl-832	94	5	sale	sale	NOUN
hassl-832	94	6	.	.	PUNCT
hassl-832	95	1	lrs	lrs	PROPN
hassl-832	95	2	denotes	denote	NOUN
hassl-832	95	3	local	local	ADJ
hassl-832	95	4	retail	retail	ADJ
hassl-832	95	5	sale	sale	NOUN
hassl-832	95	6	.	.	PUNCT
hassl-832	96	1	fs	fs	ADP
hassl-832	96	2	denotes	denotes	PROPN
hassl-832	96	3	foreign	foreign	ADJ
hassl-832	96	4	sale	sale	NOUN
hassl-832	96	5	.	.	PUNCT
hassl-832	97	1	studies	study	NOUN
hassl-832	97	2	on	on	ADP
hassl-832	97	3	the	the	DET
hassl-832	97	4	interaction	interaction	NOUN
hassl-832	97	5	between	between	ADP
hassl-832	97	6	local	local	ADJ
hassl-832	97	7	and	and	CCONJ
hassl-832	97	8	foreign	foreign	ADJ
hassl-832	97	9	investors	investor	NOUN
hassl-832	97	10	are	be	AUX
hassl-832	97	11	scarce	scarce	ADJ
hassl-832	97	12	in	in	ADP
hassl-832	97	13	malaysia	malaysia	PROPN
hassl-832	97	14	.	.	PUNCT
hassl-832	98	1	how	how	SCONJ
hassl-832	98	2	was	be	AUX
hassl-832	98	3	the	the	DET
hassl-832	98	4	trading	trading	NOUN
hassl-832	98	5	behavior	behavior	NOUN
hassl-832	98	6	between	between	ADP
hassl-832	98	7	the	the	DET
hassl-832	98	8	three	three	NUM
hassl-832	98	9	groups	group	NOUN
hassl-832	98	10	of	of	ADP
hassl-832	98	11	investors	investor	NOUN
hassl-832	98	12	?	?	PUNCT
hassl-832	99	1	how	how	SCONJ
hassl-832	99	2	they	they	PRON
hassl-832	99	3	interact	interact	VERB
hassl-832	99	4	with	with	ADP
hassl-832	99	5	each	each	DET
hassl-832	99	6	other	other	ADJ
hassl-832	99	7	?	?	PUNCT
hassl-832	100	1	is	be	AUX
hassl-832	100	2	there	there	PRON
hassl-832	100	3	any	any	DET
hassl-832	100	4	information	information	NOUN
hassl-832	100	5	flow	flow	NOUN
hassl-832	100	6	between	between	ADP
hassl-832	100	7	them	they	PRON
hassl-832	100	8	?	?	PUNCT
hassl-832	101	1	these	these	DET
hassl-832	101	2	questions	question	NOUN
hassl-832	101	3	will	will	AUX
hassl-832	101	4	be	be	AUX
hassl-832	101	5	addressed	address	VERB
hassl-832	101	6	by	by	ADP
hassl-832	101	7	the	the	DET
hassl-832	101	8	analytical	analytical	ADJ
hassl-832	101	9	framework	framework	NOUN
hassl-832	101	10	set	set	VERB
hassl-832	101	11	out	out	ADP
hassl-832	101	12	in	in	ADP
hassl-832	101	13	table	table	NOUN
hassl-832	101	14	3	3	NUM
hassl-832	101	15	.	.	PUNCT
hassl-832	102	1	the	the	DET
hassl-832	102	2	remainder	remainder	NOUN
hassl-832	102	3	of	of	ADP
hassl-832	102	4	3	3	NUM
hassl-832	102	5	the	the	DET
hassl-832	102	6	edge	edge	NOUN
hassl-832	102	7	,	,	PUNCT
hassl-832	102	8	may	may	AUX
hassl-832	102	9	03	03	NUM
hassl-832	102	10	,	,	PUNCT
hassl-832	102	11	2018	2018	NUM
hassl-832	102	12	,	,	PUNCT
hassl-832	102	13	refer	refer	VERB
hassl-832	102	14	to	to	ADP
hassl-832	102	15	https://www.klsescreener.com/v2/news/view/373975/investors-allowed-to-short-sell-again	https://www.klsescreener.com/v2/news/view/373975/investors-allowed-to-short-sell-again	PROPN
hassl-832	102	16	humanities	humanity	NOUN
hassl-832	102	17	and	and	CCONJ
hassl-832	102	18	social	social	ADJ
hassl-832	102	19	sciences	science	NOUN
hassl-832	102	20	letters	letter	NOUN
hassl-832	102	21	,	,	PUNCT
hassl-832	102	22	2019	2019	NUM
hassl-832	102	23	,	,	PUNCT
hassl-832	102	24	7(4	7(4	NUM
hassl-832	102	25	):	):	PUNCT
hassl-832	102	26	225	225	NUM
hassl-832	102	27	-	-	SYM
hassl-832	102	28	237	237	NUM
hassl-832	102	29	229	229	NUM
hassl-832	102	30	©	©	PROPN
hassl-832	102	31	2019	2019	NUM
hassl-832	102	32	conscientia	conscientia	PROPN
hassl-832	102	33	beam	beam	PROPN
hassl-832	102	34	.	.	PUNCT
hassl-832	103	1	all	all	DET
hassl-832	103	2	rights	right	NOUN
hassl-832	103	3	reserved	reserve	VERB
hassl-832	103	4	.	.	PUNCT
hassl-832	104	1	the	the	DET
hassl-832	104	2	paper	paper	NOUN
hassl-832	104	3	is	be	AUX
hassl-832	104	4	organized	organize	VERB
hassl-832	104	5	as	as	SCONJ
hassl-832	104	6	follows	follow	VERB
hassl-832	104	7	.	.	PUNCT
hassl-832	105	1	section	section	NOUN
hassl-832	105	2	two	two	NUM
hassl-832	105	3	develops	develop	VERB
hassl-832	105	4	the	the	DET
hassl-832	105	5	theoretical	theoretical	ADJ
hassl-832	105	6	framework	framework	NOUN
hassl-832	105	7	for	for	ADP
hassl-832	105	8	the	the	DET
hassl-832	105	9	trading	trading	NOUN
hassl-832	105	10	activities	activity	NOUN
hassl-832	105	11	,	,	PUNCT
hassl-832	105	12	followed	follow	VERB
hassl-832	105	13	by	by	ADP
hassl-832	105	14	the	the	DET
hassl-832	105	15	review	review	NOUN
hassl-832	105	16	of	of	ADP
hassl-832	105	17	existing	exist	VERB
hassl-832	105	18	literature	literature	NOUN
hassl-832	105	19	.	.	PUNCT
hassl-832	106	1	section	section	NOUN
hassl-832	106	2	three	three	NUM
hassl-832	106	3	describes	describe	VERB
hassl-832	106	4	the	the	DET
hassl-832	106	5	data	datum	NOUN
hassl-832	106	6	and	and	CCONJ
hassl-832	106	7	methodology	methodology	NOUN
hassl-832	106	8	.	.	PUNCT
hassl-832	107	1	section	section	NOUN
hassl-832	107	2	four	four	NUM
hassl-832	107	3	discusses	discuss	VERB
hassl-832	107	4	the	the	DET
hassl-832	107	5	results	result	NOUN
hassl-832	107	6	,	,	PUNCT
hassl-832	107	7	and	and	CCONJ
hassl-832	107	8	the	the	DET
hassl-832	107	9	last	last	ADJ
hassl-832	107	10	section	section	NOUN
hassl-832	107	11	concludes	conclude	VERB
hassl-832	107	12	the	the	DET
hassl-832	107	13	paper	paper	NOUN
hassl-832	107	14	.	.	PUNCT
hassl-832	108	1	2	2	X
hassl-832	108	2	.	.	X
hassl-832	108	3	literature	literature	NOUN
hassl-832	108	4	review	review	PROPN
hassl-832	108	5	earlier	early	ADV
hassl-832	108	6	study	study	NOUN
hassl-832	108	7	by	by	ADP
hassl-832	108	8	bosworth	bosworth	PROPN
hassl-832	108	9	and	and	CCONJ
hassl-832	108	10	collins	collins	PROPN
hassl-832	108	11	(	(	PUNCT
hassl-832	108	12	1999	1999	NUM
hassl-832	108	13	)	)	PUNCT
hassl-832	108	14	demonstrates	demonstrate	VERB
hassl-832	108	15	the	the	DET
hassl-832	108	16	importance	importance	NOUN
hassl-832	108	17	of	of	ADP
hassl-832	108	18	capital	capital	NOUN
hassl-832	108	19	flows	flow	NOUN
hassl-832	108	20	to	to	ADP
hassl-832	108	21	developing	develop	VERB
hassl-832	108	22	countries	country	NOUN
hassl-832	108	23	,	,	PUNCT
hassl-832	108	24	especially	especially	ADV
hassl-832	108	25	to	to	ADP
hassl-832	108	26	their	their	PRON
hassl-832	108	27	savings	saving	NOUN
hassl-832	108	28	and	and	CCONJ
hassl-832	108	29	investment	investment	NOUN
hassl-832	108	30	.	.	PUNCT
hassl-832	109	1	however	however	ADV
hassl-832	109	2	,	,	PUNCT
hassl-832	109	3	study	study	VERB
hassl-832	109	4	on	on	ADP
hassl-832	109	5	the	the	DET
hassl-832	109	6	interaction	interaction	NOUN
hassl-832	109	7	between	between	ADP
hassl-832	109	8	the	the	DET
hassl-832	109	9	buyers	buyer	NOUN
hassl-832	109	10	and	and	CCONJ
hassl-832	109	11	sellers	seller	NOUN
hassl-832	109	12	of	of	ADP
hassl-832	109	13	the	the	DET
hassl-832	109	14	stock	stock	NOUN
hassl-832	109	15	market	market	NOUN
hassl-832	109	16	can	can	AUX
hassl-832	109	17	be	be	AUX
hassl-832	109	18	traced	trace	VERB
hassl-832	109	19	back	back	ADV
hassl-832	109	20	to	to	ADP
hassl-832	109	21	the	the	DET
hassl-832	109	22	work	work	NOUN
hassl-832	109	23	done	do	VERB
hassl-832	109	24	by	by	ADP
hassl-832	109	25	choe	choe	PROPN
hassl-832	109	26	et	et	PROPN
hassl-832	109	27	al	al	PROPN
hassl-832	109	28	.	.	PROPN
hassl-832	110	1	(	(	PUNCT
hassl-832	110	2	2001	2001	NUM
hassl-832	110	3	)	)	PUNCT
hassl-832	110	4	.	.	PUNCT
hassl-832	111	1	using	use	VERB
hassl-832	111	2	intraday	intraday	NOUN
hassl-832	111	3	data	datum	NOUN
hassl-832	111	4	from	from	ADP
hassl-832	111	5	the	the	DET
hassl-832	111	6	korea	korea	PROPN
hassl-832	111	7	stock	stock	PROPN
hassl-832	111	8	exchange	exchange	PROPN
hassl-832	111	9	,	,	PUNCT
hassl-832	111	10	the	the	DET
hassl-832	111	11	study	study	NOUN
hassl-832	111	12	found	find	VERB
hassl-832	111	13	that	that	SCONJ
hassl-832	111	14	domestic	domestic	ADJ
hassl-832	111	15	individual	individual	ADJ
hassl-832	111	16	investors	investor	NOUN
hassl-832	111	17	possess	possess	VERB
hassl-832	111	18	more	more	ADJ
hassl-832	111	19	information	information	NOUN
hassl-832	111	20	than	than	ADP
hassl-832	111	21	foreign	foreign	ADJ
hassl-832	111	22	and	and	CCONJ
hassl-832	111	23	domestic	domestic	ADJ
hassl-832	111	24	institutional	institutional	ADJ
hassl-832	111	25	investors	investor	NOUN
hassl-832	111	26	over	over	ADP
hassl-832	111	27	individual	individual	ADJ
hassl-832	111	28	stocks	stock	NOUN
hassl-832	111	29	.	.	PUNCT
hassl-832	112	1	this	this	DET
hassl-832	112	2	information	information	NOUN
hassl-832	112	3	advantage	advantage	NOUN
hassl-832	112	4	can	can	AUX
hassl-832	112	5	be	be	AUX
hassl-832	112	6	explained	explain	VERB
hassl-832	112	7	by	by	ADP
hassl-832	112	8	thefact	thefact	NOUN
hassl-832	112	9	that	that	SCONJ
hassl-832	112	10	foreign	foreign	ADJ
hassl-832	112	11	investors	investor	NOUN
hassl-832	112	12	sell	sell	VERB
hassl-832	112	13	to	to	ADP
hassl-832	112	14	domestic	domestic	ADJ
hassl-832	112	15	investors	investor	NOUN
hassl-832	112	16	before	before	SCONJ
hassl-832	112	17	a	a	DET
hassl-832	112	18	stock	stock	NOUN
hassl-832	112	19	has	have	VERB
hassl-832	112	20	a	a	DET
hassl-832	112	21	large	large	ADJ
hassl-832	112	22	positive	positive	ADJ
hassl-832	112	23	abnormal	abnormal	ADJ
hassl-832	112	24	return	return	NOUN
hassl-832	112	25	and	and	CCONJ
hassl-832	112	26	buy	buy	VERB
hassl-832	112	27	from	from	ADP
hassl-832	112	28	domestic	domestic	ADJ
hassl-832	112	29	investors	investor	NOUN
hassl-832	112	30	before	before	SCONJ
hassl-832	112	31	a	a	DET
hassl-832	112	32	stock	stock	NOUN
hassl-832	112	33	has	have	VERB
hassl-832	112	34	a	a	DET
hassl-832	112	35	large	large	ADJ
hassl-832	112	36	negative	negative	ADJ
hassl-832	112	37	abnormal	abnormal	ADJ
hassl-832	112	38	return	return	NOUN
hassl-832	112	39	.	.	PUNCT
hassl-832	113	1	in	in	ADP
hassl-832	113	2	another	another	DET
hassl-832	113	3	study	study	NOUN
hassl-832	113	4	,	,	PUNCT
hassl-832	113	5	choe	choe	PROPN
hassl-832	113	6	et	et	PROPN
hassl-832	113	7	al	al	PROPN
hassl-832	113	8	.	.	PROPN
hassl-832	114	1	(	(	PUNCT
hassl-832	114	2	2001	2001	NUM
hassl-832	114	3	)	)	PUNCT
hassl-832	114	4	reaffirms	reaffirm	VERB
hassl-832	114	5	that	that	SCONJ
hassl-832	114	6	the	the	DET
hassl-832	114	7	domestic	domestic	ADJ
hassl-832	114	8	investors	investor	NOUN
hassl-832	114	9	in	in	ADP
hassl-832	114	10	korean	korean	ADJ
hassl-832	114	11	possess	possess	VERB
hassl-832	114	12	more	more	ADJ
hassl-832	114	13	information	information	NOUN
hassl-832	114	14	as	as	ADP
hassl-832	114	15	relative	relative	ADJ
hassl-832	114	16	to	to	ADP
hassl-832	114	17	foreign	foreign	ADJ
hassl-832	114	18	investors	investor	NOUN
hassl-832	114	19	in	in	ADP
hassl-832	114	20	trading	trade	VERB
hassl-832	114	21	domestic	domestic	ADJ
hassl-832	114	22	stocks	stock	NOUN
hassl-832	114	23	.	.	PUNCT
hassl-832	115	1	results	result	NOUN
hassl-832	115	2	indicate	indicate	VERB
hassl-832	115	3	that	that	SCONJ
hassl-832	115	4	stock	stock	NOUN
hassl-832	115	5	prices	price	NOUN
hassl-832	115	6	move	move	VERB
hassl-832	115	7	more	more	ADV
hassl-832	115	8	against	against	ADP
hassl-832	115	9	foreign	foreign	ADJ
hassl-832	115	10	investors	investor	NOUN
hassl-832	115	11	than	than	ADP
hassl-832	115	12	against	against	ADP
hassl-832	115	13	domestic	domestic	ADJ
hassl-832	115	14	investors	investor	NOUN
hassl-832	115	15	before	before	ADP
hassl-832	115	16	trades	trade	NOUN
hassl-832	115	17	.	.	PUNCT
hassl-832	116	1	however	however	ADV
hassl-832	116	2	,	,	PUNCT
hassl-832	116	3	in	in	ADP
hassl-832	116	4	the	the	DET
hassl-832	116	5	case	case	NOUN
hassl-832	116	6	of	of	ADP
hassl-832	116	7	the	the	DET
hassl-832	116	8	taiwan	taiwan	PROPN
hassl-832	116	9	stock	stock	NOUN
hassl-832	116	10	exchange	exchange	PROPN
hassl-832	116	11	,	,	PUNCT
hassl-832	116	12	seasholes	seashole	NOUN
hassl-832	116	13	(	(	PUNCT
hassl-832	116	14	2000	2000	NUM
hassl-832	116	15	)	)	PUNCT
hassl-832	116	16	found	find	VERB
hassl-832	116	17	that	that	SCONJ
hassl-832	116	18	foreign	foreign	ADJ
hassl-832	116	19	investors	investor	NOUN
hassl-832	116	20	have	have	VERB
hassl-832	116	21	an	an	DET
hassl-832	116	22	information	information	NOUN
hassl-832	116	23	advantage	advantage	NOUN
hassl-832	116	24	over	over	ADP
hassl-832	116	25	local	local	ADJ
hassl-832	116	26	investors	investor	NOUN
hassl-832	116	27	in	in	ADP
hassl-832	116	28	taiwan	taiwan	PROPN
hassl-832	116	29	.	.	PUNCT
hassl-832	117	1	as	as	ADP
hassl-832	117	2	such	such	ADJ
hassl-832	117	3	,	,	PUNCT
hassl-832	117	4	foreign	foreign	ADJ
hassl-832	117	5	investors	investor	NOUN
hassl-832	117	6	buy	buy	VERB
hassl-832	117	7	(	(	PUNCT
hassl-832	117	8	sell	sell	NOUN
hassl-832	117	9	)	)	PUNCT
hassl-832	117	10	ahead	ahead	ADV
hassl-832	117	11	of	of	ADP
hassl-832	117	12	good	good	ADJ
hassl-832	117	13	(	(	PUNCT
hassl-832	117	14	bad	bad	ADJ
hassl-832	117	15	)	)	PUNCT
hassl-832	117	16	earnings	earning	NOUN
hassl-832	117	17	announcement	announcement	NOUN
hassl-832	117	18	while	while	SCONJ
hassl-832	117	19	local	local	ADJ
hassl-832	117	20	investors	investor	NOUN
hassl-832	117	21	do	do	VERB
hassl-832	117	22	the	the	DET
hassl-832	117	23	opposite	opposite	NOUN
hassl-832	117	24	.	.	PUNCT
hassl-832	118	1	subsequently	subsequently	ADV
hassl-832	118	2	,	,	PUNCT
hassl-832	118	3	a	a	DET
hassl-832	118	4	study	study	NOUN
hassl-832	118	5	done	do	VERB
hassl-832	118	6	by	by	ADP
hassl-832	118	7	huang	huang	PROPN
hassl-832	118	8	and	and	CCONJ
hassl-832	118	9	shiu	shiu	PROPN
hassl-832	118	10	(	(	PUNCT
hassl-832	118	11	2005	2005	NUM
hassl-832	118	12	)	)	PUNCT
hassl-832	118	13	reveal	reveal	VERB
hassl-832	118	14	that	that	SCONJ
hassl-832	118	15	foreign	foreign	ADJ
hassl-832	118	16	institutional	institutional	ADJ
hassl-832	118	17	investors	investor	NOUN
hassl-832	118	18	in	in	ADP
hassl-832	118	19	taiwan	taiwan	PROPN
hassl-832	118	20	outperform	outperform	NOUN
hassl-832	118	21	than	than	ADP
hassl-832	118	22	local	local	ADJ
hassl-832	118	23	individual	individual	ADJ
hassl-832	118	24	and	and	CCONJ
hassl-832	118	25	institutional	institutional	ADJ
hassl-832	118	26	investors	investor	NOUN
hassl-832	118	27	.	.	PUNCT
hassl-832	119	1	results	result	NOUN
hassl-832	119	2	demonstrate	demonstrate	VERB
hassl-832	119	3	that	that	SCONJ
hassl-832	119	4	foreign	foreign	ADJ
hassl-832	119	5	institutional	institutional	ADJ
hassl-832	119	6	investors	investor	NOUN
hassl-832	119	7	are	be	AUX
hassl-832	119	8	better	well	ADJ
hassl-832	119	9	at	at	ADP
hassl-832	119	10	forecasting	forecast	VERB
hassl-832	119	11	local	local	ADJ
hassl-832	119	12	firm	firm	ADJ
hassl-832	119	13	performance	performance	NOUN
hassl-832	119	14	,	,	PUNCT
hassl-832	119	15	and	and	CCONJ
hassl-832	119	16	active	active	ADJ
hassl-832	119	17	at	at	ADP
hassl-832	119	18	monitoring	monitor	VERB
hassl-832	119	19	management	management	NOUN
hassl-832	119	20	and	and	CCONJ
hassl-832	119	21	demanding	demand	VERB
hassl-832	119	22	regulatory	regulatory	ADJ
hassl-832	119	23	improvements	improvement	NOUN
hassl-832	119	24	.	.	PUNCT
hassl-832	120	1	therefore	therefore	ADV
hassl-832	120	2	,	,	PUNCT
hassl-832	120	3	they	they	PRON
hassl-832	120	4	are	be	AUX
hassl-832	120	5	information	information	NOUN
hassl-832	120	6	efficient	efficient	ADJ
hassl-832	120	7	relative	relative	ADJ
hassl-832	120	8	to	to	ADP
hassl-832	120	9	the	the	DET
hassl-832	120	10	local	local	ADJ
hassl-832	120	11	investors	investor	NOUN
hassl-832	120	12	.	.	PUNCT
hassl-832	121	1	next	next	ADV
hassl-832	121	2	,	,	PUNCT
hassl-832	121	3	agudelo	agudelo	ADV
hassl-832	121	4	(	(	PUNCT
hassl-832	121	5	2010	2010	NUM
hassl-832	121	6	)	)	PUNCT
hassl-832	121	7	investigates	investigate	VERB
hassl-832	121	8	the	the	DET
hassl-832	121	9	investors	investor	NOUN
hassl-832	121	10	’	’	PART
hassl-832	121	11	behavior	behavior	NOUN
hassl-832	121	12	in	in	ADP
hassl-832	121	13	six	six	NUM
hassl-832	121	14	asian	asian	ADJ
hassl-832	121	15	markets	market	NOUN
hassl-832	121	16	and	and	CCONJ
hassl-832	121	17	the	the	DET
hassl-832	121	18	johannesburg	johannesburg	PROPN
hassl-832	121	19	stock	stock	PROPN
hassl-832	121	20	exchange	exchange	PROPN
hassl-832	121	21	.	.	PUNCT
hassl-832	122	1	results	result	NOUN
hassl-832	122	2	indicate	indicate	VERB
hassl-832	122	3	that	that	SCONJ
hassl-832	122	4	foreign	foreign	ADJ
hassl-832	122	5	investors	investor	NOUN
hassl-832	122	6	tend	tend	VERB
hassl-832	122	7	to	to	PART
hassl-832	122	8	demand	demand	VERB
hassl-832	122	9	liquidity	liquidity	NOUN
hassl-832	122	10	more	more	ADV
hassl-832	122	11	aggressively	aggressively	ADV
hassl-832	122	12	than	than	ADP
hassl-832	122	13	local	local	ADJ
hassl-832	122	14	investors	investor	NOUN
hassl-832	122	15	in	in	ADP
hassl-832	122	16	short	short	ADJ
hassl-832	122	17	term	term	NOUN
hassl-832	122	18	.	.	PUNCT
hassl-832	123	1	as	as	ADP
hassl-832	123	2	such	such	ADJ
hassl-832	123	3	,	,	PUNCT
hassl-832	123	4	foreign	foreign	ADJ
hassl-832	123	5	trade	trade	NOUN
hassl-832	123	6	has	have	VERB
hassl-832	123	7	a	a	DET
hassl-832	123	8	negative	negative	ADJ
hassl-832	123	9	but	but	CCONJ
hassl-832	123	10	transitory	transitory	ADJ
hassl-832	123	11	impact	impact	NOUN
hassl-832	123	12	on	on	ADP
hassl-832	123	13	the	the	DET
hassl-832	123	14	overall	overall	ADJ
hassl-832	123	15	liquidity	liquidity	NOUN
hassl-832	123	16	of	of	ADP
hassl-832	123	17	the	the	DET
hassl-832	123	18	market	market	NOUN
hassl-832	123	19	on	on	ADP
hassl-832	123	20	a	a	DET
hassl-832	123	21	daily	daily	ADJ
hassl-832	123	22	basis	basis	NOUN
hassl-832	123	23	.	.	PUNCT
hassl-832	124	1	however	however	ADV
hassl-832	124	2	,	,	PUNCT
hassl-832	124	3	in	in	ADP
hassl-832	124	4	the	the	DET
hassl-832	124	5	longer	long	ADJ
hassl-832	124	6	term	term	NOUN
hassl-832	124	7	,	,	PUNCT
hassl-832	124	8	foreign	foreign	ADJ
hassl-832	124	9	investors	investor	NOUN
hassl-832	124	10	can	can	AUX
hassl-832	124	11	improve	improve	VERB
hassl-832	124	12	liquidity	liquidity	NOUN
hassl-832	124	13	in	in	ADP
hassl-832	124	14	the	the	DET
hassl-832	124	15	domestic	domestic	ADJ
hassl-832	124	16	market	market	NOUN
hassl-832	124	17	.	.	PUNCT
hassl-832	125	1	they	they	PRON
hassl-832	125	2	are	be	AUX
hassl-832	125	3	active	active	ADJ
hassl-832	125	4	at	at	ADP
hassl-832	125	5	monitoring	monitor	VERB
hassl-832	125	6	management	management	NOUN
hassl-832	125	7	and	and	CCONJ
hassl-832	125	8	transparency	transparency	NOUN
hassl-832	125	9	of	of	ADP
hassl-832	125	10	the	the	DET
hassl-832	125	11	market	market	NOUN
hassl-832	125	12	.	.	PUNCT
hassl-832	126	1	therefore	therefore	ADV
hassl-832	126	2	,	,	PUNCT
hassl-832	126	3	foreign	foreign	ADJ
hassl-832	126	4	investors	investor	NOUN
hassl-832	126	5	are	be	AUX
hassl-832	126	6	information	information	NOUN
hassl-832	126	7	efficient	efficient	ADJ
hassl-832	126	8	relative	relative	ADJ
hassl-832	126	9	to	to	ADP
hassl-832	126	10	local	local	ADJ
hassl-832	126	11	investors	investor	NOUN
hassl-832	126	12	in	in	ADP
hassl-832	126	13	asian	asian	PROPN
hassl-832	126	14	and	and	CCONJ
hassl-832	126	15	johannesburg	johannesburg	PROPN
hassl-832	126	16	stock	stock	PROPN
hassl-832	126	17	exchange	exchange	PROPN
hassl-832	126	18	.	.	PUNCT
hassl-832	127	1	recently	recently	ADV
hassl-832	127	2	,	,	PUNCT
hassl-832	127	3	kim	kim	PROPN
hassl-832	127	4	and	and	CCONJ
hassl-832	127	5	yi	yi	PROPN
hassl-832	127	6	(	(	PUNCT
hassl-832	127	7	2015	2015	NUM
hassl-832	127	8	)	)	PUNCT
hassl-832	127	9	employ	employ	VERB
hassl-832	127	10	a	a	DET
hassl-832	127	11	large	large	ADJ
hassl-832	127	12	sample	sample	NOUN
hassl-832	127	13	of	of	ADP
hassl-832	127	14	firms	firm	NOUN
hassl-832	127	15	listed	list	VERB
hassl-832	127	16	on	on	ADP
hassl-832	127	17	the	the	DET
hassl-832	127	18	korea	korea	PROPN
hassl-832	127	19	stock	stock	PROPN
hassl-832	127	20	exchange	exchange	PROPN
hassl-832	127	21	over	over	ADP
hassl-832	127	22	1998	1998	NUM
hassl-832	127	23	to	to	ADP
hassl-832	127	24	2007	2007	NUM
hassl-832	127	25	to	to	PART
hassl-832	127	26	investigate	investigate	VERB
hassl-832	127	27	whether	whether	SCONJ
hassl-832	127	28	and	and	CCONJ
hassl-832	127	29	how	how	SCONJ
hassl-832	127	30	trading	trading	NOUN
hassl-832	127	31	by	by	ADP
hassl-832	127	32	foreign	foreign	ADJ
hassl-832	127	33	and	and	CCONJ
hassl-832	127	34	domestic	domestic	ADJ
hassl-832	127	35	institutional	institutional	ADJ
hassl-832	127	36	investors	investor	NOUN
hassl-832	127	37	improves	improve	VERB
hassl-832	127	38	the	the	DET
hassl-832	127	39	firmspecific	firmspecific	ADJ
hassl-832	127	40	information	information	NOUN
hassl-832	127	41	.	.	PUNCT
hassl-832	128	1	their	their	PRON
hassl-832	128	2	study	study	NOUN
hassl-832	128	3	defines	define	VERB
hassl-832	128	4	that	that	SCONJ
hassl-832	128	5	the	the	DET
hassl-832	128	6	firm	firm	ADJ
hassl-832	128	7	-	-	PUNCT
hassl-832	128	8	specific	specific	ADJ
hassl-832	128	9	information	information	NOUN
hassl-832	128	10	is	be	AUX
hassl-832	128	11	captured	capture	VERB
hassl-832	128	12	by	by	ADP
hassl-832	128	13	stock	stock	NOUN
hassl-832	128	14	price	price	NOUN
hassl-832	128	15	synchronicity	synchronicity	NOUN
hassl-832	128	16	.	.	PUNCT
hassl-832	129	1	results	result	NOUN
hassl-832	129	2	indicate	indicate	VERB
hassl-832	129	3	that	that	SCONJ
hassl-832	129	4	foreign	foreign	ADJ
hassl-832	129	5	and	and	CCONJ
hassl-832	129	6	domestic	domestic	ADJ
hassl-832	129	7	institutional	institutional	ADJ
hassl-832	129	8	investors	investor	NOUN
hassl-832	129	9	able	able	ADJ
hassl-832	129	10	to	to	PART
hassl-832	129	11	facilitate	facilitate	VERB
hassl-832	129	12	firm	firm	ADJ
hassl-832	129	13	-	-	PUNCT
hassl-832	129	14	specific	specific	ADJ
hassl-832	129	15	information	information	NOUN
hassl-832	129	16	flow	flow	NOUN
hassl-832	129	17	to	to	ADP
hassl-832	129	18	the	the	DET
hassl-832	129	19	market	market	NOUN
hassl-832	129	20	via	via	ADP
hassl-832	129	21	their	their	PRON
hassl-832	129	22	trading	trading	NOUN
hassl-832	129	23	activities	activity	NOUN
hassl-832	129	24	and	and	CCONJ
hassl-832	129	25	able	able	ADJ
hassl-832	129	26	to	to	PART
hassl-832	129	27	reduce	reduce	VERB
hassl-832	129	28	the	the	DET
hassl-832	129	29	accrual	accrual	ADJ
hassl-832	129	30	mispricing	mispricing	NOUN
hassl-832	129	31	.	.	PUNCT
hassl-832	130	1	in	in	ADP
hassl-832	130	2	the	the	DET
hassl-832	130	3	case	case	NOUN
hassl-832	130	4	of	of	ADP
hassl-832	130	5	malaysia	malaysia	PROPN
hassl-832	130	6	,	,	PUNCT
hassl-832	130	7	liew	liew	PROPN
hassl-832	130	8	et	et	PROPN
hassl-832	130	9	al	al	PROPN
hassl-832	130	10	.	.	PROPN
hassl-832	131	1	(	(	PUNCT
hassl-832	131	2	2018	2018	NUM
hassl-832	131	3	)	)	PUNCT
hassl-832	131	4	find	find	VERB
hassl-832	131	5	that	that	SCONJ
hassl-832	131	6	foreign	foreign	ADJ
hassl-832	131	7	institutional	institutional	ADJ
hassl-832	131	8	investors	investor	NOUN
hassl-832	131	9	are	be	AUX
hassl-832	131	10	liquidity	liquidity	NOUN
hassl-832	131	11	demander	demander	NOUN
hassl-832	131	12	while	while	SCONJ
hassl-832	131	13	local	local	ADJ
hassl-832	131	14	institution	institution	NOUN
hassl-832	131	15	and	and	CCONJ
hassl-832	131	16	local	local	ADJ
hassl-832	131	17	proprietary	proprietary	ADJ
hassl-832	131	18	day	day	NOUN
hassl-832	131	19	traders	trader	NOUN
hassl-832	131	20	are	be	AUX
hassl-832	131	21	liquidity	liquidity	NOUN
hassl-832	131	22	provider	provider	NOUN
hassl-832	131	23	.	.	PUNCT
hassl-832	132	1	since	since	SCONJ
hassl-832	132	2	the	the	DET
hassl-832	132	3	sell	sell	NOUN
hassl-832	132	4	side	side	NOUN
hassl-832	132	5	exists	exist	VERB
hassl-832	132	6	only	only	ADV
hassl-832	132	7	because	because	SCONJ
hassl-832	132	8	of	of	ADP
hassl-832	132	9	the	the	DET
hassl-832	132	10	buy	buy	ADJ
hassl-832	132	11	side	side	NOUN
hassl-832	132	12	is	be	AUX
hassl-832	132	13	willing	willing	ADJ
hassl-832	132	14	to	to	PART
hassl-832	132	15	pay	pay	VERB
hassl-832	132	16	for	for	ADP
hassl-832	132	17	its	its	PRON
hassl-832	132	18	services	service	NOUN
hassl-832	132	19	,	,	PUNCT
hassl-832	132	20	therefore	therefore	ADV
hassl-832	132	21	their	their	PRON
hassl-832	132	22	study	study	NOUN
hassl-832	132	23	concludes	conclude	VERB
hassl-832	132	24	that	that	SCONJ
hassl-832	132	25	foreign	foreign	ADJ
hassl-832	132	26	institutional	institutional	ADJ
hassl-832	132	27	investors	investor	NOUN
hassl-832	132	28	are	be	AUX
hassl-832	132	29	the	the	DET
hassl-832	132	30	main	main	ADJ
hassl-832	132	31	drivers	driver	NOUN
hassl-832	132	32	in	in	ADP
hassl-832	132	33	bursa	bursa	PROPN
hassl-832	132	34	malaysia	malaysia	PROPN
hassl-832	132	35	.	.	PUNCT
hassl-832	133	1	thus	thus	ADV
hassl-832	133	2	,	,	PUNCT
hassl-832	133	3	foreign	foreign	ADJ
hassl-832	133	4	institutional	institutional	ADJ
hassl-832	133	5	investors	investor	NOUN
hassl-832	133	6	possess	possess	VERB
hassl-832	133	7	more	more	ADJ
hassl-832	133	8	information	information	NOUN
hassl-832	133	9	relative	relative	ADJ
hassl-832	133	10	to	to	ADP
hassl-832	133	11	local	local	ADJ
hassl-832	133	12	institutional	institutional	ADJ
hassl-832	133	13	and	and	CCONJ
hassl-832	133	14	retail	retail	ADJ
hassl-832	133	15	investors	investor	NOUN
hassl-832	133	16	.	.	PUNCT
hassl-832	134	1	the	the	DET
hassl-832	134	2	influence	influence	NOUN
hassl-832	134	3	of	of	ADP
hassl-832	134	4	foreign	foreign	ADJ
hassl-832	134	5	investors	investor	NOUN
hassl-832	134	6	on	on	ADP
hassl-832	134	7	japanese	japanese	ADJ
hassl-832	134	8	financial	financial	ADJ
hassl-832	134	9	market	market	NOUN
hassl-832	134	10	has	have	AUX
hassl-832	134	11	been	be	AUX
hassl-832	134	12	explored	explore	VERB
hassl-832	134	13	by	by	ADP
hassl-832	134	14	lau	lau	PROPN
hassl-832	134	15	and	and	CCONJ
hassl-832	134	16	yip	yip	PROPN
hassl-832	134	17	(	(	PUNCT
hassl-832	134	18	2019	2019	NUM
hassl-832	134	19	)	)	PUNCT
hassl-832	134	20	.	.	PUNCT
hassl-832	135	1	their	their	PRON
hassl-832	135	2	studies	study	NOUN
hassl-832	135	3	show	show	VERB
hassl-832	135	4	the	the	DET
hassl-832	135	5	dominance	dominance	NOUN
hassl-832	135	6	of	of	ADP
hassl-832	135	7	foreign	foreign	ADJ
hassl-832	135	8	investors	investor	NOUN
hassl-832	135	9	,	,	PUNCT
hassl-832	135	10	followed	follow	VERB
hassl-832	135	11	by	by	ADP
hassl-832	135	12	local	local	ADJ
hassl-832	135	13	institutional	institutional	ADJ
hassl-832	135	14	investors	investor	NOUN
hassl-832	135	15	during	during	ADP
hassl-832	135	16	the	the	DET
hassl-832	135	17	qe	qe	PROPN
hassl-832	135	18	tapering	tapering	NOUN
hassl-832	135	19	and	and	CCONJ
hassl-832	135	20	post	post	ADJ
hassl-832	135	21	-	-	ADJ
hassl-832	135	22	qe	qe	ADJ
hassl-832	135	23	period	period	NOUN
hassl-832	135	24	in	in	ADP
hassl-832	135	25	2014	2014	NUM
hassl-832	135	26	and	and	CCONJ
hassl-832	135	27	2015	2015	NUM
hassl-832	135	28	.	.	PUNCT
hassl-832	136	1	using	use	VERB
hassl-832	136	2	the	the	DET
hassl-832	136	3	above	above	ADV
hassl-832	136	4	-	-	PUNCT
hassl-832	136	5	mentioned	mention	VERB
hassl-832	136	6	observation	observation	NOUN
hassl-832	136	7	as	as	ADP
hassl-832	136	8	our	our	PRON
hassl-832	136	9	starting	starting	NOUN
hassl-832	136	10	point	point	NOUN
hassl-832	136	11	,	,	PUNCT
hassl-832	136	12	this	this	DET
hassl-832	136	13	study	study	NOUN
hassl-832	136	14	investigates	investigate	VERB
hassl-832	136	15	whether	whether	SCONJ
hassl-832	136	16	this	this	DET
hassl-832	136	17	plausibly	plausibly	ADV
hassl-832	136	18	exogenous	exogenous	ADJ
hassl-832	136	19	shock	shock	NOUN
hassl-832	136	20	of	of	ADP
hassl-832	136	21	global	global	ADJ
hassl-832	136	22	capital	capital	NOUN
hassl-832	136	23	flow	flow	NOUN
hassl-832	136	24	brought	bring	VERB
hassl-832	136	25	by	by	ADP
hassl-832	136	26	the	the	DET
hassl-832	136	27	qe	qe	PROPN
hassl-832	136	28	policy	policy	NOUN
hassl-832	136	29	has	have	VERB
hassl-832	136	30	implications	implication	NOUN
hassl-832	136	31	for	for	ADP
hassl-832	136	32	emerging	emerge	VERB
hassl-832	136	33	market	market	NOUN
hassl-832	136	34	economic	economic	ADJ
hassl-832	136	35	activity	activity	NOUN
hassl-832	136	36	,	,	PUNCT
hassl-832	136	37	especially	especially	ADV
hassl-832	136	38	on	on	ADP
hassl-832	136	39	equity	equity	NOUN
hassl-832	136	40	market	market	NOUN
hassl-832	136	41	of	of	ADP
hassl-832	136	42	malaysia	malaysia	PROPN
hassl-832	136	43	.	.	PUNCT
hassl-832	137	1	humanities	humanity	NOUN
hassl-832	137	2	and	and	CCONJ
hassl-832	137	3	social	social	ADJ
hassl-832	137	4	sciences	science	NOUN
hassl-832	137	5	letters	letter	NOUN
hassl-832	137	6	,	,	PUNCT
hassl-832	137	7	2019	2019	NUM
hassl-832	137	8	,	,	PUNCT
hassl-832	137	9	7(4	7(4	NUM
hassl-832	137	10	):	):	PUNCT
hassl-832	137	11	225	225	NUM
hassl-832	137	12	-	-	SYM
hassl-832	137	13	237	237	NUM
hassl-832	137	14	230	230	NUM
hassl-832	137	15	©	©	PROPN
hassl-832	137	16	2019	2019	NUM
hassl-832	137	17	conscientia	conscientia	PROPN
hassl-832	137	18	beam	beam	PROPN
hassl-832	137	19	.	.	PUNCT
hassl-832	138	1	all	all	DET
hassl-832	138	2	rights	right	NOUN
hassl-832	138	3	reserved	reserve	VERB
hassl-832	138	4	.	.	PUNCT
hassl-832	139	1	2.1	2.1	NUM
hassl-832	139	2	.	.	PUNCT
hassl-832	139	3	analytical	analytical	ADJ
hassl-832	139	4	framework	framework	NOUN
hassl-832	139	5	in	in	ADP
hassl-832	139	6	terms	term	NOUN
hassl-832	139	7	of	of	ADP
hassl-832	139	8	trading	trading	NOUN
hassl-832	139	9	activities	activity	NOUN
hassl-832	139	10	,	,	PUNCT
hassl-832	139	11	there	there	PRON
hassl-832	139	12	could	could	AUX
hassl-832	139	13	be	be	AUX
hassl-832	139	14	a	a	DET
hassl-832	139	15	different	different	ADJ
hassl-832	139	16	combination	combination	NOUN
hassl-832	139	17	of	of	ADP
hassl-832	139	18	flow	flow	NOUN
hassl-832	139	19	between	between	ADP
hassl-832	139	20	sellers	seller	NOUN
hassl-832	139	21	and	and	CCONJ
hassl-832	139	22	buyers	buyer	NOUN
hassl-832	139	23	.	.	PUNCT
hassl-832	140	1	this	this	DET
hassl-832	140	2	study	study	NOUN
hassl-832	140	3	develops	develop	VERB
hassl-832	140	4	the	the	DET
hassl-832	140	5	following	follow	VERB
hassl-832	140	6	theoretical	theoretical	ADJ
hassl-832	140	7	framework	framework	NOUN
hassl-832	140	8	in	in	ADP
hassl-832	140	9	table	table	NOUN
hassl-832	140	10	3	3	NUM
hassl-832	140	11	to	to	PART
hassl-832	140	12	further	far	ADV
hassl-832	140	13	analyze	analyze	VERB
hassl-832	140	14	the	the	DET
hassl-832	140	15	interaction	interaction	NOUN
hassl-832	140	16	between	between	ADP
hassl-832	140	17	the	the	DET
hassl-832	140	18	investors	investor	NOUN
hassl-832	140	19	.	.	PUNCT
hassl-832	141	1	a	a	DET
hassl-832	141	2	typical	typical	ADJ
hassl-832	141	3	transaction	transaction	NOUN
hassl-832	141	4	from	from	ADP
hassl-832	141	5	1	1	NUM
hassl-832	141	6	to	to	PART
hassl-832	141	7	8	8	NUM
hassl-832	141	8	is	be	AUX
hassl-832	141	9	for	for	ADP
hassl-832	141	10	trading	trading	NOUN
hassl-832	141	11	purposes	purpose	NOUN
hassl-832	141	12	.	.	PUNCT
hassl-832	142	1	hypothesis	hypothesis	NOUN
hassl-832	142	2	h1	h1	NOUN
hassl-832	142	3	to	to	ADP
hassl-832	142	4	h10	h10	PROPN
hassl-832	142	5	are	be	AUX
hassl-832	142	6	set	set	VERB
hassl-832	142	7	up	up	ADP
hassl-832	142	8	to	to	PART
hassl-832	142	9	test	test	VERB
hassl-832	142	10	whether	whether	SCONJ
hassl-832	142	11	there	there	PRON
hassl-832	142	12	is	be	VERB
hassl-832	142	13	information	information	NOUN
hassl-832	142	14	flow	flow	NOUN
hassl-832	142	15	between	between	ADP
hassl-832	142	16	different	different	ADJ
hassl-832	142	17	groups	group	NOUN
hassl-832	142	18	of	of	ADP
hassl-832	142	19	investors	investor	NOUN
hassl-832	142	20	.	.	PUNCT
hassl-832	143	1	h11	h11	PROPN
hassl-832	143	2	and	and	CCONJ
hassl-832	143	3	h12	h12	NOUN
hassl-832	143	4	are	be	AUX
hassl-832	143	5	set	set	VERB
hassl-832	143	6	up	up	ADP
hassl-832	143	7	to	to	PART
hassl-832	143	8	ascertain	ascertain	VERB
hassl-832	143	9	whether	whether	SCONJ
hassl-832	143	10	there	there	PRON
hassl-832	143	11	is	be	VERB
hassl-832	143	12	short	short	ADV
hassl-832	143	13	-	-	PUNCT
hassl-832	143	14	selling	selling	NOUN
hassl-832	143	15	between	between	ADP
hassl-832	143	16	the	the	DET
hassl-832	143	17	group	group	NOUN
hassl-832	143	18	.	.	PUNCT
hassl-832	144	1	table-3	table-3	NUM
hassl-832	144	2	.	.	PUNCT
hassl-832	145	1	analytical	analytical	ADJ
hassl-832	145	2	framework	framework	NOUN
hassl-832	145	3	.	.	PUNCT
hassl-832	146	1	panel	panel	NOUN
hassl-832	146	2	a	a	DET
hassl-832	146	3	:	:	PUNCT
hassl-832	146	4	trading	trading	NOUN
hassl-832	146	5	between	between	ADP
hassl-832	146	6	different	different	ADJ
hassl-832	146	7	investor	investor	NOUN
hassl-832	146	8	type	type	NOUN
hassl-832	146	9	flow	flow	NOUN
hassl-832	146	10	of	of	ADP
hassl-832	146	11	transaction	transaction	NOUN
hassl-832	146	12	nature	nature	NOUN
hassl-832	146	13	1	1	NUM
hassl-832	146	14	local	local	ADJ
hassl-832	146	15	institutional	institutional	ADJ
hassl-832	146	16	purchase	purchase	NOUN
hassl-832	146	17	followed	follow	VERB
hassl-832	146	18	by	by	ADP
hassl-832	146	19	local	local	ADJ
hassl-832	146	20	institutional	institutional	ADJ
hassl-832	146	21	sale	sale	NOUN
hassl-832	146	22	trading	trade	VERB
hassl-832	146	23	2	2	NUM
hassl-832	146	24	local	local	ADJ
hassl-832	146	25	institutional	institutional	ADJ
hassl-832	146	26	purchase	purchase	NOUN
hassl-832	146	27	followed	follow	VERB
hassl-832	146	28	by	by	ADP
hassl-832	146	29	local	local	ADJ
hassl-832	146	30	retail	retail	ADJ
hassl-832	146	31	sale	sale	NOUN
hassl-832	146	32	trading	trade	VERB
hassl-832	146	33	3	3	NUM
hassl-832	146	34	local	local	ADJ
hassl-832	146	35	institutional	institutional	ADJ
hassl-832	146	36	purchase	purchase	NOUN
hassl-832	146	37	followed	follow	VERB
hassl-832	146	38	by	by	ADP
hassl-832	146	39	foreign	foreign	ADJ
hassl-832	146	40	sale	sale	NOUN
hassl-832	146	41	trading	trading	NOUN
hassl-832	146	42	4	4	NUM
hassl-832	146	43	foreign	foreign	ADJ
hassl-832	146	44	purchase	purchase	NOUN
hassl-832	146	45	followed	follow	VERB
hassl-832	146	46	by	by	ADP
hassl-832	146	47	local	local	ADJ
hassl-832	146	48	institutional	institutional	ADJ
hassl-832	146	49	sale	sale	NOUN
hassl-832	146	50	trading	trade	VERB
hassl-832	146	51	5	5	NUM
hassl-832	146	52	foreign	foreign	ADJ
hassl-832	146	53	purchase	purchase	NOUN
hassl-832	146	54	followed	follow	VERB
hassl-832	146	55	by	by	ADP
hassl-832	146	56	local	local	ADJ
hassl-832	146	57	retail	retail	ADJ
hassl-832	146	58	sale	sale	NOUN
hassl-832	146	59	trading	trading	NOUN
hassl-832	146	60	6	6	NUM
hassl-832	146	61	foreign	foreign	ADJ
hassl-832	146	62	purchase	purchase	NOUN
hassl-832	146	63	followed	follow	VERB
hassl-832	146	64	by	by	ADP
hassl-832	146	65	foreign	foreign	ADJ
hassl-832	146	66	sale	sale	NOUN
hassl-832	146	67	trading	trade	VERB
hassl-832	146	68	7	7	NUM
hassl-832	146	69	local	local	ADJ
hassl-832	146	70	retail	retail	ADJ
hassl-832	146	71	purchase	purchase	NOUN
hassl-832	146	72	followed	follow	VERB
hassl-832	146	73	by	by	ADP
hassl-832	146	74	local	local	ADJ
hassl-832	146	75	institutional	institutional	ADJ
hassl-832	146	76	sale	sale	NOUN
hassl-832	146	77	trading	trade	VERB
hassl-832	146	78	8	8	NUM
hassl-832	146	79	local	local	ADJ
hassl-832	146	80	retail	retail	ADJ
hassl-832	146	81	purchase	purchase	NOUN
hassl-832	146	82	followed	follow	VERB
hassl-832	146	83	by	by	ADP
hassl-832	146	84	local	local	ADJ
hassl-832	146	85	retail	retail	ADJ
hassl-832	146	86	sale	sale	NOUN
hassl-832	146	87	trading	trade	VERB
hassl-832	146	88	9	9	NUM
hassl-832	146	89	local	local	ADJ
hassl-832	146	90	retail	retail	ADJ
hassl-832	146	91	purchase	purchase	NOUN
hassl-832	146	92	followed	follow	VERB
hassl-832	146	93	by	by	ADP
hassl-832	146	94	foreign	foreign	ADJ
hassl-832	146	95	sale	sale	NOUN
hassl-832	146	96	trading	trading	NOUN
hassl-832	146	97	panel	panel	NOUN
hassl-832	146	98	b	b	NOUN
hassl-832	146	99	:	:	PUNCT
hassl-832	146	100	information	information	NOUN
hassl-832	146	101	flow	flow	NOUN
hassl-832	146	102	between	between	ADP
hassl-832	146	103	investor	investor	NOUN
hassl-832	146	104	group	group	NOUN
hassl-832	146	105	hypotheses	hypothese	VERB
hassl-832	146	106	flow	flow	NOUN
hassl-832	146	107	of	of	ADP
hassl-832	146	108	transaction	transaction	NOUN
hassl-832	146	109	information	information	NOUN
hassl-832	146	110	h1	h1	VERB
hassl-832	146	111	local	local	ADJ
hassl-832	146	112	institutional	institutional	ADJ
hassl-832	146	113	sale	sale	NOUN
hassl-832	146	114	followed	follow	VERB
hassl-832	146	115	by	by	ADP
hassl-832	146	116	foreign	foreign	ADJ
hassl-832	146	117	sale	sale	NOUN
hassl-832	146	118	lisfs	lisfs	PROPN
hassl-832	146	119	h2	h2	PROPN
hassl-832	146	120	local	local	ADJ
hassl-832	146	121	institutional	institutional	ADJ
hassl-832	146	122	purchase	purchase	NOUN
hassl-832	146	123	followed	follow	VERB
hassl-832	146	124	by	by	ADP
hassl-832	146	125	foreign	foreign	ADJ
hassl-832	146	126	purchase	purchase	NOUN
hassl-832	146	127	lipfp	lipfp	PROPN
hassl-832	146	128	h3	h3	NOUN
hassl-832	146	129	local	local	ADJ
hassl-832	146	130	institutional	institutional	ADJ
hassl-832	146	131	sale	sale	NOUN
hassl-832	146	132	followed	follow	VERB
hassl-832	146	133	by	by	ADP
hassl-832	146	134	local	local	ADJ
hassl-832	146	135	retail	retail	ADJ
hassl-832	146	136	sale	sale	NOUN
hassl-832	146	137	lislrs	lislrs	PROPN
hassl-832	146	138	h4	h4	PROPN
hassl-832	146	139	local	local	ADJ
hassl-832	146	140	institutional	institutional	ADJ
hassl-832	146	141	purchase	purchase	NOUN
hassl-832	146	142	followed	follow	VERB
hassl-832	146	143	by	by	ADP
hassl-832	146	144	local	local	ADJ
hassl-832	146	145	retail	retail	ADJ
hassl-832	146	146	purchase	purchase	NOUN
hassl-832	146	147	liplrp	liplrp	NOUN
hassl-832	146	148	h5	h5	PROPN
hassl-832	146	149	foreign	foreign	ADJ
hassl-832	146	150	sale	sale	NOUN
hassl-832	146	151	followed	follow	VERB
hassl-832	146	152	by	by	ADP
hassl-832	146	153	local	local	ADJ
hassl-832	146	154	institutional	institutional	ADJ
hassl-832	146	155	sale	sale	NOUN
hassl-832	146	156	fslis	fslis	PUNCT
hassl-832	146	157	h6	h6	PROPN
hassl-832	146	158	foreign	foreign	ADJ
hassl-832	146	159	purchase	purchase	NOUN
hassl-832	146	160	followed	follow	VERB
hassl-832	146	161	by	by	ADP
hassl-832	146	162	local	local	ADJ
hassl-832	146	163	institutional	institutional	ADJ
hassl-832	146	164	purchase	purchase	NOUN
hassl-832	146	165	fplip	fplip	PROPN
hassl-832	146	166	h7	h7	PROPN
hassl-832	146	167	local	local	ADJ
hassl-832	146	168	retail	retail	ADJ
hassl-832	146	169	sale	sale	NOUN
hassl-832	146	170	followed	follow	VERB
hassl-832	146	171	by	by	ADP
hassl-832	146	172	local	local	ADJ
hassl-832	146	173	institutional	institutional	ADJ
hassl-832	146	174	sale	sale	NOUN
hassl-832	146	175	lrslis	lrslis	X
hassl-832	146	176	h8	h8	PROPN
hassl-832	146	177	local	local	ADJ
hassl-832	146	178	retail	retail	ADJ
hassl-832	146	179	purchase	purchase	NOUN
hassl-832	146	180	followed	follow	VERB
hassl-832	146	181	by	by	ADP
hassl-832	146	182	local	local	ADJ
hassl-832	146	183	institutional	institutional	ADJ
hassl-832	146	184	purchase	purchase	NOUN
hassl-832	146	185	lrplip	lrplip	PROPN
hassl-832	146	186	h9	h9	PROPN
hassl-832	146	187	local	local	ADJ
hassl-832	146	188	retail	retail	ADJ
hassl-832	146	189	sale	sale	NOUN
hassl-832	146	190	followed	follow	VERB
hassl-832	146	191	by	by	ADP
hassl-832	146	192	foreign	foreign	ADJ
hassl-832	146	193	sale	sale	NOUN
hassl-832	146	194	lrsfs	lrsfs	PROPN
hassl-832	146	195	h10	h10	PROPN
hassl-832	146	196	local	local	ADJ
hassl-832	146	197	retail	retail	ADJ
hassl-832	146	198	purchase	purchase	NOUN
hassl-832	146	199	followed	follow	VERB
hassl-832	146	200	by	by	ADP
hassl-832	146	201	foreign	foreign	ADJ
hassl-832	146	202	purchase	purchase	NOUN
hassl-832	146	203	lrpfp	lrpfp	PROPN
hassl-832	146	204	panel	panel	NOUN
hassl-832	146	205	c	c	NOUN
hassl-832	146	206	:	:	PUNCT
hassl-832	146	207	short	short	ADJ
hassl-832	146	208	-	-	PUNCT
hassl-832	146	209	selling	selling	NOUN
hassl-832	146	210	within	within	ADP
hassl-832	146	211	investor	investor	NOUN
hassl-832	146	212	group	group	NOUN
hassl-832	146	213	hypotheses	hypothese	VERB
hassl-832	146	214	flow	flow	NOUN
hassl-832	146	215	of	of	ADP
hassl-832	146	216	transaction	transaction	NOUN
hassl-832	146	217	nature	nature	NOUN
hassl-832	146	218	h11	h11	PROPN
hassl-832	146	219	local	local	ADJ
hassl-832	146	220	institutional	institutional	ADJ
hassl-832	146	221	sale	sale	NOUN
hassl-832	146	222	followed	follow	VERB
hassl-832	146	223	by	by	ADP
hassl-832	146	224	local	local	ADJ
hassl-832	146	225	institutional	institutional	ADJ
hassl-832	146	226	purchase	purchase	NOUN
hassl-832	146	227	(	(	PUNCT
hassl-832	146	228	lislip	lislip	NOUN
hassl-832	146	229	)	)	PUNCT
hassl-832	146	230	short	short	ADJ
hassl-832	146	231	-	-	PUNCT
hassl-832	146	232	selling	sell	VERB
hassl-832	146	233	h12	h12	NOUN
hassl-832	146	234	foreign	foreign	ADJ
hassl-832	146	235	sale	sale	NOUN
hassl-832	146	236	followed	follow	VERB
hassl-832	146	237	by	by	ADP
hassl-832	146	238	foreign	foreign	ADJ
hassl-832	146	239	purchase	purchase	NOUN
hassl-832	146	240	(	(	PUNCT
hassl-832	146	241	fsfp	fsfp	ADJ
hassl-832	146	242	)	)	PUNCT
hassl-832	146	243	short	short	NOUN
hassl-832	146	244	-	-	PUNCT
hassl-832	146	245	selling	selling	NOUN
hassl-832	146	246	it	it	PRON
hassl-832	146	247	is	be	AUX
hassl-832	146	248	often	often	ADV
hassl-832	146	249	argued	argue	VERB
hassl-832	146	250	by	by	ADP
hassl-832	146	251	literature	literature	NOUN
hassl-832	146	252	that	that	SCONJ
hassl-832	146	253	local	local	ADJ
hassl-832	146	254	institutional	institutional	ADJ
hassl-832	146	255	investors	investor	NOUN
hassl-832	146	256	have	have	AUX
hassl-832	146	257	privy	privy	VERB
hassl-832	146	258	to	to	ADP
hassl-832	146	259	certain	certain	ADJ
hassl-832	146	260	information	information	NOUN
hassl-832	146	261	disseminated	disseminate	VERB
hassl-832	146	262	in	in	ADP
hassl-832	146	263	a	a	DET
hassl-832	146	264	local	local	ADJ
hassl-832	146	265	language	language	NOUN
hassl-832	146	266	,	,	PUNCT
hassl-832	146	267	they	they	PRON
hassl-832	146	268	should	should	AUX
hassl-832	146	269	have	have	VERB
hassl-832	146	270	better	well	ADJ
hassl-832	146	271	access	access	NOUN
hassl-832	146	272	to	to	ADP
hassl-832	146	273	information	information	NOUN
hassl-832	146	274	and	and	CCONJ
hassl-832	146	275	resources	resource	NOUN
hassl-832	146	276	to	to	PART
hassl-832	146	277	build	build	VERB
hassl-832	146	278	the	the	DET
hassl-832	146	279	necessary	necessary	ADJ
hassl-832	146	280	monitoring	monitoring	NOUN
hassl-832	146	281	capabilities	capability	NOUN
hassl-832	146	282	than	than	ADP
hassl-832	146	283	foreign	foreign	ADJ
hassl-832	146	284	investors	investor	NOUN
hassl-832	146	285	.	.	PUNCT
hassl-832	147	1	hence	hence	ADV
hassl-832	147	2	,	,	PUNCT
hassl-832	147	3	h1	h1	PROPN
hassl-832	147	4	and	and	CCONJ
hassl-832	147	5	h2	h2	NOUN
hassl-832	147	6	are	be	AUX
hassl-832	147	7	set	set	VERB
hassl-832	147	8	up	up	ADP
hassl-832	147	9	to	to	PART
hassl-832	147	10	test	test	VERB
hassl-832	147	11	for	for	ADP
hassl-832	147	12	such	such	ADJ
hassl-832	147	13	possibilities	possibility	NOUN
hassl-832	147	14	and	and	CCONJ
hassl-832	147	15	the	the	DET
hassl-832	147	16	reverse	reverse	ADJ
hassl-832	147	17	flow	flow	NOUN
hassl-832	147	18	(	(	PUNCT
hassl-832	147	19	h5	h5	NOUN
hassl-832	147	20	and	and	CCONJ
hassl-832	147	21	h6	h6	PROPN
hassl-832	147	22	)	)	PUNCT
hassl-832	147	23	.	.	PUNCT
hassl-832	148	1	likewise	likewise	ADV
hassl-832	148	2	,	,	PUNCT
hassl-832	148	3	any	any	DET
hassl-832	148	4	sales	sale	NOUN
hassl-832	148	5	and	and	CCONJ
hassl-832	148	6	purchases	purchase	NOUN
hassl-832	148	7	by	by	ADP
hassl-832	148	8	local	local	ADJ
hassl-832	148	9	institutional	institutional	ADJ
hassl-832	148	10	investors	investor	NOUN
hassl-832	148	11	may	may	AUX
hassl-832	148	12	trigger	trigger	VERB
hassl-832	148	13	similar	similar	ADJ
hassl-832	148	14	activities	activity	NOUN
hassl-832	148	15	by	by	ADP
hassl-832	148	16	local	local	ADJ
hassl-832	148	17	retail	retail	ADJ
hassl-832	148	18	investors	investor	NOUN
hassl-832	148	19	(	(	PUNCT
hassl-832	148	20	h3	h3	NOUN
hassl-832	148	21	and	and	CCONJ
hassl-832	148	22	h4	h4	NOUN
hassl-832	148	23	)	)	PUNCT
hassl-832	148	24	.	.	PUNCT
hassl-832	149	1	on	on	ADP
hassl-832	149	2	the	the	DET
hassl-832	149	3	contrary	contrary	NOUN
hassl-832	149	4	,	,	PUNCT
hassl-832	149	5	any	any	DET
hassl-832	149	6	purchases	purchase	NOUN
hassl-832	149	7	and	and	CCONJ
hassl-832	149	8	sales	sale	NOUN
hassl-832	149	9	by	by	ADP
hassl-832	149	10	local	local	ADJ
hassl-832	149	11	retail	retail	ADJ
hassl-832	149	12	investors	investor	NOUN
hassl-832	149	13	would	would	AUX
hassl-832	149	14	influence	influence	VERB
hassl-832	149	15	the	the	DET
hassl-832	149	16	trading	trading	NOUN
hassl-832	149	17	activities	activity	NOUN
hassl-832	149	18	of	of	ADP
hassl-832	149	19	institutional	institutional	ADJ
hassl-832	149	20	and	and	CCONJ
hassl-832	149	21	foreign	foreign	ADJ
hassl-832	149	22	investors	investor	NOUN
hassl-832	149	23	.	.	PUNCT
hassl-832	150	1	therefore	therefore	ADV
hassl-832	150	2	,	,	PUNCT
hassl-832	150	3	h7	h7	PROPN
hassl-832	150	4	to	to	ADP
hassl-832	150	5	h10	h10	PROPN
hassl-832	150	6	is	be	AUX
hassl-832	150	7	set	set	VERB
hassl-832	150	8	to	to	PART
hassl-832	150	9	confirm	confirm	VERB
hassl-832	150	10	such	such	ADJ
hassl-832	150	11	causality	causality	NOUN
hassl-832	150	12	.	.	PUNCT
hassl-832	151	1	3	3	X
hassl-832	151	2	.	.	X
hassl-832	151	3	data	datum	NOUN
hassl-832	151	4	and	and	CCONJ
hassl-832	151	5	methodology	methodology	NOUN
hassl-832	151	6	3.1	3.1	NUM
hassl-832	151	7	.	.	PUNCT
hassl-832	152	1	data	data	PROPN
hassl-832	152	2	daily	daily	PROPN
hassl-832	152	3	data	datum	NOUN
hassl-832	152	4	from	from	ADP
hassl-832	152	5	the	the	DET
hassl-832	152	6	bursa	bursa	NOUN
hassl-832	152	7	malaysia	malaysia	PROPN
hassl-832	152	8	(	(	PUNCT
hassl-832	152	9	formerly	formerly	ADV
hassl-832	152	10	known	know	VERB
hassl-832	152	11	as	as	ADP
hassl-832	152	12	kuala	kuala	PROPN
hassl-832	152	13	lumpur	lumpur	PROPN
hassl-832	152	14	stock	stock	PROPN
hassl-832	152	15	exchange	exchange	PROPN
hassl-832	152	16	)	)	PUNCT
hassl-832	152	17	has	have	AUX
hassl-832	152	18	been	be	AUX
hassl-832	152	19	used	use	VERB
hassl-832	152	20	.	.	PUNCT
hassl-832	153	1	sample	sample	NOUN
hassl-832	153	2	period	period	NOUN
hassl-832	153	3	from	from	ADP
hassl-832	153	4	28	28	NUM
hassl-832	153	5	april	april	PROPN
hassl-832	153	6	2014	2014	NUM
hassl-832	153	7	to	to	ADP
hassl-832	153	8	26	26	NUM
hassl-832	153	9	october	october	PROPN
hassl-832	153	10	2015	2015	NUM
hassl-832	153	11	has	have	AUX
hassl-832	153	12	selected	select	VERB
hassl-832	153	13	for	for	ADP
hassl-832	153	14	this	this	DET
hassl-832	153	15	study	study	NOUN
hassl-832	153	16	.	.	PUNCT
hassl-832	154	1	the	the	DET
hassl-832	154	2	sample	sample	NOUN
hassl-832	154	3	period	period	NOUN
hassl-832	154	4	is	be	AUX
hassl-832	154	5	further	far	ADV
hassl-832	154	6	divided	divide	VERB
hassl-832	154	7	into	into	ADP
hassl-832	154	8	three	three	NUM
hassl-832	154	9	sub	sub	NOUN
hassl-832	154	10	-	-	NOUN
hassl-832	154	11	periods	period	NOUN
hassl-832	154	12	.	.	PUNCT
hassl-832	155	1	the	the	DET
hassl-832	155	2	first	first	ADJ
hassl-832	155	3	sub	sub	NOUN
hassl-832	155	4	-	-	NOUN
hassl-832	155	5	period	period	NOUN
hassl-832	155	6	is	be	AUX
hassl-832	155	7	from	from	ADP
hassl-832	155	8	28	28	NUM
hassl-832	155	9	april	april	PROPN
hassl-832	155	10	2014	2014	NUM
hassl-832	155	11	to	to	ADP
hassl-832	155	12	28	28	NUM
hassl-832	155	13	october	october	PROPN
hassl-832	155	14	2014	2014	NUM
hassl-832	155	15	.	.	PUNCT
hassl-832	156	1	it	it	PRON
hassl-832	156	2	captures	capture	VERB
hassl-832	156	3	the	the	DET
hassl-832	156	4	trading	trading	NOUN
hassl-832	156	5	activities	activity	NOUN
hassl-832	156	6	during	during	ADP
hassl-832	156	7	u.s	u.s	PROPN
hassl-832	156	8	.	.	PROPN
hassl-832	156	9	qe	qe	PROPN
hassl-832	156	10	period	period	NOUN
hassl-832	156	11	.	.	PUNCT
hassl-832	157	1	the	the	DET
hassl-832	157	2	second	second	ADJ
hassl-832	157	3	sub	sub	NOUN
hassl-832	157	4	-	-	NOUN
hassl-832	157	5	period	period	NOUN
hassl-832	157	6	is	be	AUX
hassl-832	157	7	from	from	ADP
hassl-832	157	8	29	29	NUM
hassl-832	157	9	october	october	PROPN
hassl-832	157	10	2014	2014	NUM
hassl-832	157	11	to	to	ADP
hassl-832	157	12	27	27	NUM
hassl-832	157	13	april	april	PROPN
hassl-832	157	14	2015	2015	NUM
hassl-832	157	15	which	which	PRON
hassl-832	157	16	marks	mark	VERB
hassl-832	157	17	the	the	DET
hassl-832	157	18	first	first	ADJ
hassl-832	157	19	six	six	NUM
hassl-832	157	20	months	month	NOUN
hassl-832	157	21	after	after	SCONJ
hassl-832	157	22	the	the	DET
hassl-832	157	23	qe	qe	PROPN
hassl-832	157	24	ended	end	VERB
hassl-832	157	25	.	.	PUNCT
hassl-832	158	1	the	the	DET
hassl-832	158	2	third	third	ADJ
hassl-832	158	3	sub	sub	NOUN
hassl-832	158	4	-	-	NOUN
hassl-832	158	5	period	period	NOUN
hassl-832	158	6	is	be	AUX
hassl-832	158	7	from	from	ADP
hassl-832	158	8	28	28	NUM
hassl-832	158	9	april	april	PROPN
hassl-832	158	10	2015	2015	NUM
hassl-832	158	11	to	to	ADP
hassl-832	158	12	26	26	NUM
hassl-832	158	13	october	october	PROPN
hassl-832	158	14	2015	2015	NUM
hassl-832	158	15	which	which	PRON
hassl-832	158	16	captures	capture	VERB
hassl-832	158	17	the	the	DET
hassl-832	158	18	subsequent	subsequent	ADJ
hassl-832	158	19	six	six	NUM
hassl-832	158	20	months	month	NOUN
hassl-832	158	21	post	post	ADJ
hassl-832	158	22	-	-	ADJ
hassl-832	158	23	qe	qe	ADJ
hassl-832	158	24	period	period	NOUN
hassl-832	158	25	.	.	PUNCT
hassl-832	159	1	table	table	NOUN
hassl-832	159	2	4	4	NUM
hassl-832	159	3	shows	show	VERB
hassl-832	159	4	the	the	DET
hassl-832	159	5	variables	variable	NOUN
hassl-832	159	6	used	use	VERB
hassl-832	159	7	in	in	ADP
hassl-832	159	8	this	this	DET
hassl-832	159	9	study	study	NOUN
hassl-832	159	10	.	.	PUNCT
hassl-832	160	1	humanities	humanity	NOUN
hassl-832	160	2	and	and	CCONJ
hassl-832	160	3	social	social	ADJ
hassl-832	160	4	sciences	science	NOUN
hassl-832	160	5	letters	letter	NOUN
hassl-832	160	6	,	,	PUNCT
hassl-832	160	7	2019	2019	NUM
hassl-832	160	8	,	,	PUNCT
hassl-832	160	9	7(4	7(4	NUM
hassl-832	160	10	):	):	PUNCT
hassl-832	160	11	225	225	NUM
hassl-832	160	12	-	-	SYM
hassl-832	160	13	237	237	NUM
hassl-832	160	14	231	231	NUM
hassl-832	160	15	©	©	PROPN
hassl-832	160	16	2019	2019	NUM
hassl-832	160	17	conscientia	conscientia	PROPN
hassl-832	160	18	beam	beam	PROPN
hassl-832	160	19	.	.	PUNCT
hassl-832	161	1	all	all	DET
hassl-832	161	2	rights	right	NOUN
hassl-832	161	3	reserved	reserve	VERB
hassl-832	161	4	.	.	PUNCT
hassl-832	162	1			X
hassl-832	163	1			NUM
hassl-832	163	2			NOUN
hassl-832	163	3			NOUN
hassl-832	163	4	p	p	PROPN
hassl-832	164	1	i	i	PRON
hassl-832	164	2	tititt	tititt	X
hassl-832	164	3	uyyy	uyyy	PROPN
hassl-832	164	4	1	1	NUM
hassl-832	164	5	1	1	NUM
hassl-832	164	6			NOUN
hassl-832	164	7	table-4	table-4	NOUN
hassl-832	164	8	.	.	PUNCT
hassl-832	164	9	list	list	NOUN
hassl-832	164	10	of	of	ADP
hassl-832	164	11	variables	variable	NOUN
hassl-832	164	12	.	.	PUNCT
hassl-832	165	1	variables	variable	NOUN
hassl-832	165	2	descriptions	description	NOUN
hassl-832	165	3	unit	unit	NOUN
hassl-832	165	4	of	of	ADP
hassl-832	165	5	measurement	measurement	NOUN
hassl-832	165	6	sources	source	NOUN
hassl-832	165	7	lip	lip	VERB
hassl-832	165	8	local	local	ADJ
hassl-832	165	9	institutional	institutional	ADJ
hassl-832	165	10	purchase	purchase	NOUN
hassl-832	165	11	myr	myr	PROPN
hassl-832	165	12	million	million	NUM
hassl-832	165	13	bursa	bursa	PROPN
hassl-832	165	14	malaysia	malaysia	PROPN
hassl-832	165	15	lrp	lrp	PROPN
hassl-832	165	16	local	local	ADJ
hassl-832	165	17	retail	retail	PROPN
hassl-832	165	18	purchase	purchase	NOUN
hassl-832	165	19	myr	myr	NOUN
hassl-832	165	20	million	million	NUM
hassl-832	165	21	bursa	bursa	NOUN
hassl-832	165	22	malaysia	malaysia	PROPN
hassl-832	165	23	fp	fp	PRON
hassl-832	165	24	foreign	foreign	ADJ
hassl-832	165	25	purchase	purchase	NOUN
hassl-832	165	26	myr	myr	PROPN
hassl-832	165	27	million	million	NUM
hassl-832	165	28	bursa	bursa	NOUN
hassl-832	165	29	malaysia	malaysia	PROPN
hassl-832	165	30	lis	lis	PROPN
hassl-832	165	31	local	local	ADJ
hassl-832	165	32	institutional	institutional	ADJ
hassl-832	165	33	sale	sale	NOUN
hassl-832	165	34	myr	myr	PROPN
hassl-832	165	35	million	million	NUM
hassl-832	165	36	bursa	bursa	PROPN
hassl-832	165	37	malaysia	malaysia	PROPN
hassl-832	165	38	lrs	lrs	PROPN
hassl-832	165	39	local	local	ADJ
hassl-832	165	40	retail	retail	ADJ
hassl-832	165	41	sale	sale	NOUN
hassl-832	165	42	myr	myr	PROPN
hassl-832	165	43	million	million	NUM
hassl-832	165	44	bursa	bursa	NOUN
hassl-832	165	45	malaysia	malaysia	PROPN
hassl-832	165	46	fs	fs	ADP
hassl-832	165	47	foreign	foreign	ADJ
hassl-832	165	48	sale	sale	NOUN
hassl-832	165	49	myr	myr	PROPN
hassl-832	165	50	million	million	NUM
hassl-832	165	51	bursa	bursa	PROPN
hassl-832	165	52	malaysia	malaysia	PROPN
hassl-832	165	53	source	source	NOUN
hassl-832	165	54	:	:	PUNCT
hassl-832	165	55	bursa	bursa	PROPN
hassl-832	165	56	malaysia	malaysia	PROPN
hassl-832	165	57	.	.	PROPN
hassl-832	166	1	3.2	3.2	NUM
hassl-832	166	2	.	.	PUNCT
hassl-832	167	1	unit	unit	NOUN
hassl-832	167	2	root	root	PROPN
hassl-832	167	3	test	test	PROPN
hassl-832	167	4	3.2.1	3.2.1	NUM
hassl-832	167	5	.	.	PUNCT
hassl-832	168	1	augmented	augment	VERB
hassl-832	168	2	-	-	PUNCT
hassl-832	168	3	dickey	dickey	NOUN
hassl-832	168	4	fuller	full	ADJ
hassl-832	168	5	(	(	PUNCT
hassl-832	168	6	adf	adf	NOUN
hassl-832	168	7	)	)	PUNCT
hassl-832	168	8	test	test	NOUN
hassl-832	168	9	the	the	DET
hassl-832	168	10	augmented	augment	VERB
hassl-832	168	11	-	-	PUNCT
hassl-832	168	12	dickey	dickey	NOUN
hassl-832	168	13	fuller	full	ADJ
hassl-832	168	14	(	(	PUNCT
hassl-832	168	15	adf	adf	NOUN
hassl-832	168	16	)	)	PUNCT
hassl-832	168	17	test	test	NOUN
hassl-832	168	18	is	be	AUX
hassl-832	168	19	an	an	DET
hassl-832	168	20	extension	extension	NOUN
hassl-832	168	21	of	of	ADP
hassl-832	168	22	the	the	DET
hassl-832	168	23	dickey	dickey	NOUN
hassl-832	168	24	-	-	PUNCT
hassl-832	168	25	fuller	full	ADJ
hassl-832	168	26	test	test	NOUN
hassl-832	168	27	of	of	ADP
hassl-832	168	28	which	which	PRON
hassl-832	168	29	is	be	AUX
hassl-832	168	30	used	use	VERB
hassl-832	168	31	to	to	PART
hassl-832	168	32	test	test	VERB
hassl-832	168	33	the	the	DET
hassl-832	168	34	unit	unit	NOUN
hassl-832	168	35	root	root	VERB
hassl-832	168	36	a	a	DET
hassl-832	168	37	series	series	NOUN
hassl-832	168	38	by	by	ADP
hassl-832	168	39	adding	add	VERB
hassl-832	168	40	lagged	lag	VERB
hassl-832	168	41	terms	term	NOUN
hassl-832	168	42	of	of	ADP
hassl-832	168	43	dependent	dependent	ADJ
hassl-832	168	44	variables	variable	NOUN
hassl-832	168	45	to	to	PART
hassl-832	168	46	ensure	ensure	VERB
hassl-832	168	47	that	that	SCONJ
hassl-832	168	48	error	error	NOUN
hassl-832	168	49	terms	term	NOUN
hassl-832	168	50	are	be	AUX
hassl-832	168	51	not	not	PART
hassl-832	168	52	correlated	correlate	VERB
hassl-832	168	53	.	.	PUNCT
hassl-832	169	1	furthermore	furthermore	ADV
hassl-832	169	2	,	,	PUNCT
hassl-832	169	3	by	by	ADP
hassl-832	169	4	adding	add	VERB
hassl-832	169	5	the	the	DET
hassl-832	169	6	lagged	lag	VERB
hassl-832	169	7	difference	difference	NOUN
hassl-832	169	8	term	term	NOUN
hassl-832	169	9	of	of	ADP
hassl-832	169	10	variable	variable	ADJ
hassl-832	169	11	yt	yt	NOUN
hassl-832	169	12	,	,	PUNCT
hassl-832	169	13	the	the	DET
hassl-832	169	14	adf	adf	PROPN
hassl-832	169	15	test	test	NOUN
hassl-832	169	16	enables	enable	VERB
hassl-832	169	17	higher	high	ADJ
hassl-832	169	18	-	-	PUNCT
hassl-832	169	19	order	order	NOUN
hassl-832	169	20	serial	serial	ADJ
hassl-832	169	21	correlation	correlation	NOUN
hassl-832	169	22	to	to	PART
hassl-832	169	23	be	be	AUX
hassl-832	169	24	avoided	avoid	VERB
hassl-832	169	25	.	.	PUNCT
hassl-832	170	1	the	the	DET
hassl-832	170	2	adf	adf	PROPN
hassl-832	170	3	test	test	NOUN
hassl-832	170	4	as	as	SCONJ
hassl-832	170	5	shown	show	VERB
hassl-832	170	6	in	in	ADP
hassl-832	170	7	equation	equation	NOUN
hassl-832	170	8	1	1	NUM
hassl-832	170	9	can	can	AUX
hassl-832	170	10	be	be	AUX
hassl-832	170	11	explained	explain	VERB
hassl-832	170	12	below	below	ADV
hassl-832	170	13	:	:	PUNCT
hassl-832	170	14	(	(	PUNCT
hassl-832	170	15	1	1	X
hassl-832	170	16	)	)	PUNCT
hassl-832	170	17	the	the	DET
hassl-832	170	18	test	test	NOUN
hassl-832	170	19	for	for	ADP
hassl-832	170	20	stationarity	stationarity	NOUN
hassl-832	170	21	can	can	AUX
hassl-832	170	22	be	be	AUX
hassl-832	170	23	further	far	ADV
hassl-832	170	24	explained	explain	VERB
hassl-832	170	25	based	base	VERB
hassl-832	170	26	on	on	ADP
hassl-832	170	27	the	the	DET
hassl-832	170	28	hypothesis	hypothesis	NOUN
hassl-832	170	29	below	below	ADV
hassl-832	170	30	:	:	PUNCT
hassl-832	170	31	0:0	0:0	NUM
hassl-832	170	32	h	h	NUM
hassl-832	170	33	0:1	0:1	NUM
hassl-832	170	34	h	h	PUNCT
hassl-832	171	1	3.2.2	3.2.2	NUM
hassl-832	171	2	.	.	PUNCT
hassl-832	171	3	kwiatkowski	kwiatkowski	PROPN
hassl-832	171	4	-	-	PUNCT
hassl-832	171	5	phillips	phillip	NOUN
hassl-832	171	6	-	-	PUNCT
hassl-832	171	7	schmidt	schmidt	ADJ
hassl-832	171	8	-	-	PUNCT
hassl-832	171	9	shin	shin	NOUN
hassl-832	171	10	(	(	PUNCT
hassl-832	171	11	kpss	kpss	PROPN
hassl-832	171	12	)	)	PUNCT
hassl-832	171	13	test	test	NOUN
hassl-832	171	14	however	however	ADV
hassl-832	171	15	,	,	PUNCT
hassl-832	171	16	the	the	DET
hassl-832	171	17	power	power	NOUN
hassl-832	171	18	of	of	ADP
hassl-832	171	19	adf	adf	NOUN
hassl-832	171	20	tests	test	NOUN
hassl-832	171	21	is	be	AUX
hassl-832	171	22	low	low	ADJ
hassl-832	171	23	if	if	SCONJ
hassl-832	171	24	the	the	DET
hassl-832	171	25	root	root	NOUN
hassl-832	171	26	is	be	AUX
hassl-832	171	27	close	close	ADJ
hassl-832	171	28	to	to	ADP
hassl-832	171	29	a	a	DET
hassl-832	171	30	non	non	ADJ
hassl-832	171	31	-	-	ADJ
hassl-832	171	32	stationary	stationary	ADJ
hassl-832	171	33	boundary	boundary	NOUN
hassl-832	171	34	.	.	PUNCT
hassl-832	172	1	in	in	ADP
hassl-832	172	2	order	order	NOUN
hassl-832	172	3	to	to	PART
hassl-832	172	4	confirm	confirm	VERB
hassl-832	172	5	the	the	DET
hassl-832	172	6	result	result	NOUN
hassl-832	172	7	of	of	ADP
hassl-832	172	8	the	the	DET
hassl-832	172	9	unit	unit	NOUN
hassl-832	172	10	root	root	NOUN
hassl-832	172	11	test	test	NOUN
hassl-832	172	12	,	,	PUNCT
hassl-832	172	13	stationarity	stationarity	NOUN
hassl-832	172	14	tests	test	NOUN
hassl-832	172	15	have	have	AUX
hassl-832	172	16	also	also	ADV
hassl-832	172	17	been	be	AUX
hassl-832	172	18	carried	carry	VERB
hassl-832	172	19	out	out	ADP
hassl-832	172	20	.	.	PUNCT
hassl-832	173	1	in	in	ADP
hassl-832	173	2	this	this	DET
hassl-832	173	3	instance	instance	NOUN
hassl-832	173	4	,	,	PUNCT
hassl-832	173	5	kpss	kpss	PROPN
hassl-832	173	6	test	test	PROPN
hassl-832	173	7	by	by	ADP
hassl-832	173	8	kwiatkowski	kwiatkowski	PROPN
hassl-832	173	9	et	et	PROPN
hassl-832	173	10	al	al	PROPN
hassl-832	173	11	.	.	PROPN
hassl-832	174	1	(	(	PUNCT
hassl-832	174	2	1992	1992	NUM
hassl-832	174	3	)	)	PUNCT
hassl-832	174	4	as	as	SCONJ
hassl-832	174	5	shown	show	VERB
hassl-832	174	6	in	in	ADP
hassl-832	174	7	equation	equation	NOUN
hassl-832	174	8	2	2	NUM
hassl-832	174	9	is	be	AUX
hassl-832	174	10	used	use	VERB
hassl-832	174	11	.	.	PUNCT
hassl-832	175	1	to	to	PART
hassl-832	175	2	further	far	ADV
hassl-832	175	3	explain	explain	VERB
hassl-832	175	4	the	the	DET
hassl-832	175	5	kpss	kpss	PROPN
hassl-832	175	6	test	test	NOUN
hassl-832	175	7	,	,	PUNCT
hassl-832	175	8	it	it	PRON
hassl-832	175	9	could	could	AUX
hassl-832	175	10	be	be	AUX
hassl-832	175	11	argued	argue	VERB
hassl-832	175	12	that	that	SCONJ
hassl-832	175	13	kpss	kpss	PROPN
hassl-832	175	14	is	be	AUX
hassl-832	175	15	another	another	DET
hassl-832	175	16	unit	unit	NOUN
hassl-832	175	17	root	root	NOUN
hassl-832	175	18	test	test	NOUN
hassl-832	175	19	with	with	ADP
hassl-832	175	20	time	time	NOUN
hassl-832	175	21	trend	trend	NOUN
hassl-832	175	22	,	,	PUNCT
hassl-832	175	23	t	t	PROPN
hassl-832	175	24	,	,	PUNCT
hassl-832	175	25	where	where	SCONJ
hassl-832	175	26	:	:	PUNCT
hassl-832	176	1	t	t	PROPN
hassl-832	176	2	t	t	PROPN
hassl-832	177	1	i	i	PRON
hassl-832	177	2	tt	tt	PROPN
hassl-832	177	3	uty	uty	PROPN
hassl-832	177	4			PROPN
hassl-832	177	5			PROPN
hassl-832	178	1			NUM
hassl-832	178	2			PROPN
hassl-832	178	3	1	1	NUM
hassl-832	178	4	1	1	NUM
hassl-832	178	5	(	(	PUNCT
hassl-832	178	6	2	2	NUM
hassl-832	178	7	)	)	PUNCT
hassl-832	178	8	where	where	SCONJ
hassl-832	178	9	μ	μ	NOUN
hassl-832	178	10	is	be	AUX
hassl-832	178	11	constant	constant	ADJ
hassl-832	178	12	,	,	PUNCT
hassl-832	178	13	ut	ut	PROPN
hassl-832	178	14	is	be	AUX
hassl-832	178	15	a	a	DET
hassl-832	178	16	stationary	stationary	ADJ
hassl-832	178	17	process	process	NOUN
hassl-832	178	18	and	and	CCONJ
hassl-832	178	19	the	the	DET
hassl-832	178	20	past	past	ADJ
hassl-832	178	21	error	error	NOUN
hassl-832	178	22	ɛt-1	ɛt-1	PUNCT
hassl-832	178	23	~	~	PUNCT
hassl-832	178	24	i.i.d	i.i.d	X
hassl-832	178	25	(	(	PUNCT
hassl-832	178	26	0,1	0,1	NUM
hassl-832	178	27	)	)	PUNCT
hassl-832	178	28	.	.	PUNCT
hassl-832	179	1	under	under	ADP
hassl-832	179	2	the	the	DET
hassl-832	179	3	null	null	ADJ
hassl-832	179	4	hypothesis	hypothesis	NOUN
hassl-832	179	5	,	,	PUNCT
hassl-832	179	6	the	the	DET
hassl-832	179	7	series	series	NOUN
hassl-832	179	8	yt	yt	PROPN
hassl-832	179	9	is	be	AUX
hassl-832	179	10	assumed	assume	VERB
hassl-832	179	11	to	to	PART
hassl-832	179	12	be	be	AUX
hassl-832	179	13	stationary	stationary	ADJ
hassl-832	179	14	.	.	PUNCT
hassl-832	180	1	on	on	ADP
hassl-832	180	2	the	the	DET
hassl-832	180	3	contrary	contrary	NOUN
hassl-832	180	4	,	,	PUNCT
hassl-832	180	5	under	under	ADP
hassl-832	180	6	the	the	DET
hassl-832	180	7	alternative	alternative	ADJ
hassl-832	180	8	hypothesis	hypothesis	NOUN
hassl-832	180	9	,	,	PUNCT
hassl-832	180	10	yt	yt	PROPN
hassl-832	180	11	is	be	AUX
hassl-832	180	12	non	non	ADJ
hassl-832	180	13	-	-	ADJ
hassl-832	180	14	stationary	stationary	ADJ
hassl-832	180	15	.	.	PUNCT
hassl-832	181	1	so	so	SCONJ
hassl-832	181	2	that	that	SCONJ
hassl-832	181	3	by	by	ADP
hassl-832	181	4	default	default	NOUN
hassl-832	181	5	under	under	ADP
hassl-832	181	6	the	the	DET
hassl-832	181	7	null	null	NOUN
hassl-832	181	8	the	the	DET
hassl-832	181	9	series	series	NOUN
hassl-832	181	10	will	will	AUX
hassl-832	181	11	appear	appear	VERB
hassl-832	181	12	stationary	stationary	ADJ
hassl-832	181	13	.	.	PUNCT
hassl-832	182	1	h	h	NOUN
hassl-832	182	2	0	0	NUM
hassl-832	183	1	:	:	PUNCT
hassl-832	183	2	y	y	PROPN
hassl-832	183	3	t	t	PROPN
hassl-832	183	4			VERB
hassl-832	183	5	i(0	i(0	PROPN
hassl-832	183	6	)	)	PUNCT
hassl-832	183	7	h	h	NOUN
hassl-832	183	8	1	1	NUM
hassl-832	183	9	:	:	PUNCT
hassl-832	183	10	y	y	PROPN
hassl-832	183	11	t	t	PROPN
hassl-832	183	12			VERB
hassl-832	183	13	i(1	i(1	PROPN
hassl-832	183	14	)	)	PUNCT
hassl-832	183	15	3.3	3.3	NUM
hassl-832	183	16	.	.	PUNCT
hassl-832	184	1	vector	vector	NOUN
hassl-832	184	2	autoregression	autoregression	NOUN
hassl-832	184	3	(	(	PUNCT
hassl-832	184	4	var	var	NOUN
hassl-832	184	5	)	)	PUNCT
hassl-832	184	6	vector	vector	NOUN
hassl-832	184	7	autoregression	autoregression	NOUN
hassl-832	184	8	model	model	NOUN
hassl-832	184	9	var	var	NOUN
hassl-832	184	10	(	(	PUNCT
hassl-832	184	11	p	p	NOUN
hassl-832	184	12	)	)	PUNCT
hassl-832	184	13	as	as	SCONJ
hassl-832	184	14	shown	show	VERB
hassl-832	184	15	in	in	ADP
hassl-832	184	16	equation	equation	NOUN
hassl-832	184	17	3	3	NUM
hassl-832	184	18	,	,	PUNCT
hassl-832	184	19	is	be	AUX
hassl-832	184	20	an	an	DET
hassl-832	184	21	extension	extension	NOUN
hassl-832	184	22	of	of	ADP
hassl-832	184	23	the	the	DET
hassl-832	184	24	univariate	univariate	ADJ
hassl-832	184	25	autoregression	autoregression	NOUN
hassl-832	184	26	model	model	NOUN
hassl-832	184	27	to	to	PART
hassl-832	184	28	model	model	NOUN
hassl-832	184	29	multivariate	multivariate	PROPN
hassl-832	184	30	time	time	PROPN
hassl-832	184	31	series	series	PROPN
hassl-832	184	32	model	model	PROPN
hassl-832	184	33	.	.	PUNCT
hassl-832	185	1	in	in	ADP
hassl-832	185	2	the	the	DET
hassl-832	185	3	case	case	NOUN
hassl-832	185	4	where	where	SCONJ
hassl-832	185	5	the	the	DET
hassl-832	185	6	k	k	PROPN
hassl-832	185	7	variables	variable	NOUN
hassl-832	185	8	are	be	AUX
hassl-832	185	9	not	not	PART
hassl-832	185	10	cointegrated	cointegrate	VERB
hassl-832	185	11	,	,	PUNCT
hassl-832	185	12	a	a	DET
hassl-832	185	13	var	var	NOUN
hassl-832	185	14	model	model	NOUN
hassl-832	185	15	with	with	ADP
hassl-832	185	16	lag	lag	NOUN
hassl-832	185	17	p	p	NOUN
hassl-832	185	18	is	be	AUX
hassl-832	185	19	defined	define	VERB
hassl-832	185	20	as	as	ADP
hassl-832	185	21	:	:	PUNCT
hassl-832	185	22	=	=	PUNCT
hassl-832	185	23	c+a1	c+a1	NOUN
hassl-832	185	24	+	+	CCONJ
hassl-832	185	25	a2	a2	PROPN
hassl-832	185	26	+	+	CCONJ
hassl-832	185	27	...	...	PUNCT
hassl-832	186	1	+	+	CCONJ
hassl-832	186	2	ap	ap	PROPN
hassl-832	186	3	+	+	CCONJ
hassl-832	186	4	(	(	PUNCT
hassl-832	186	5	3	3	X
hassl-832	186	6	)	)	PUNCT
hassl-832	186	7	humanities	humanity	NOUN
hassl-832	186	8	and	and	CCONJ
hassl-832	186	9	social	social	ADJ
hassl-832	186	10	sciences	science	NOUN
hassl-832	186	11	letters	letter	NOUN
hassl-832	186	12	,	,	PUNCT
hassl-832	186	13	2019	2019	NUM
hassl-832	186	14	,	,	PUNCT
hassl-832	186	15	7(4	7(4	NUM
hassl-832	186	16	):	):	PUNCT
hassl-832	186	17	225	225	NUM
hassl-832	186	18	-	-	SYM
hassl-832	186	19	237	237	NUM
hassl-832	186	20	232	232	NUM
hassl-832	186	21	©	©	PROPN
hassl-832	186	22	2019	2019	NUM
hassl-832	186	23	conscientia	conscientia	PROPN
hassl-832	186	24	beam	beam	PROPN
hassl-832	186	25	.	.	PUNCT
hassl-832	187	1	all	all	DET
hassl-832	187	2	rights	right	NOUN
hassl-832	187	3	reserved	reserve	VERB
hassl-832	187	4	.	.	PUNCT
hassl-832	188	1	where	where	SCONJ
hassl-832	188	2	yt	yt	PROPN
hassl-832	188	3	defined	define	VERB
hassl-832	188	4	as	as	ADP
hassl-832	188	5	(	(	PUNCT
hassl-832	188	6	,	,	PUNCT
hassl-832	188	7	,	,	PUNCT
hassl-832	188	8	)	)	PUNCT
hassl-832	188	9	of	of	ADP
hassl-832	188	10	k	k	PROPN
hassl-832	188	11	×	×	PROPN
hassl-832	188	12	1	1	NUM
hassl-832	188	13	vector	vector	NOUN
hassl-832	188	14	,	,	PUNCT
hassl-832	188	15	each	each	DET
hassl-832	188	16	c	c	NOUN
hassl-832	188	17	is	be	AUX
hassl-832	188	18	a	a	DET
hassl-832	188	19	k	k	PROPN
hassl-832	188	20	×	×	NOUN
hassl-832	188	21	1	1	NUM
hassl-832	188	22	vector	vector	NOUN
hassl-832	188	23	of	of	ADP
hassl-832	188	24	constant	constant	ADJ
hassl-832	188	25	(	(	PUNCT
hassl-832	188	26	intercept	intercept	NOUN
hassl-832	188	27	)	)	PUNCT
hassl-832	188	28	,	,	PUNCT
hassl-832	188	29	each	each	DET
hassl-832	188	30	a1	a1	NOUN
hassl-832	188	31	is	be	AUX
hassl-832	188	32	a	a	DET
hassl-832	188	33	k	k	PROPN
hassl-832	188	34	×	×	PROPN
hassl-832	188	35	k	k	PROPN
hassl-832	188	36	coefficient	coefficient	NOUN
hassl-832	188	37	matrix	matrix	NOUN
hassl-832	188	38	and	and	CCONJ
hassl-832	188	39	εi	εi	NOUN
hassl-832	188	40	is	be	AUX
hassl-832	188	41	k	k	PROPN
hassl-832	188	42	×	×	NOUN
hassl-832	188	43	1	1	NUM
hassl-832	188	44	error	error	NOUN
hassl-832	188	45	terms	term	NOUN
hassl-832	188	46	vector	vector	NOUN
hassl-832	188	47	.	.	PUNCT
hassl-832	189	1	the	the	DET
hassl-832	189	2	lag	lag	NOUN
hassl-832	189	3	length	length	NOUN
hassl-832	189	4	for	for	ADP
hassl-832	189	5	the	the	DET
hassl-832	189	6	var(p	var(p	NOUN
hassl-832	189	7	)	)	PUNCT
hassl-832	189	8	model	model	NOUN
hassl-832	189	9	may	may	AUX
hassl-832	189	10	be	be	AUX
hassl-832	189	11	determined	determine	VERB
hassl-832	189	12	by	by	ADP
hassl-832	189	13	using	use	VERB
hassl-832	189	14	model	model	NOUN
hassl-832	189	15	selection	selection	NOUN
hassl-832	189	16	.	.	PUNCT
hassl-832	190	1	a	a	DET
hassl-832	190	2	standard	standard	ADJ
hassl-832	190	3	practice	practice	NOUN
hassl-832	190	4	akaike	akaike	ADP
hassl-832	190	5	information	information	NOUN
hassl-832	190	6	criterion	criterion	NOUN
hassl-832	190	7	(	(	PUNCT
hassl-832	190	8	aic	aic	PROPN
hassl-832	190	9	)	)	PUNCT
hassl-832	190	10	in	in	ADP
hassl-832	190	11	equation	equation	NOUN
hassl-832	190	12	4	4	NUM
hassl-832	190	13	:	:	PUNCT
hassl-832	190	14	aic	aic	PROPN
hassl-832	190	15	=	=	PUNCT
hassl-832	190	16	nς	nς	ADP
hassl-832	190	17	+2(k+1	+2(k+1	PROPN
hassl-832	190	18	)	)	PUNCT
hassl-832	190	19	(	(	PUNCT
hassl-832	190	20	4	4	X
hassl-832	190	21	)	)	PUNCT
hassl-832	190	22	where	where	SCONJ
hassl-832	190	23	denoted	denote	VERB
hassl-832	190	24	as	as	ADP
hassl-832	190	25	residuals	residual	NOUN
hassl-832	190	26	are	be	AUX
hassl-832	190	27	applied	apply	VERB
hassl-832	190	28	in	in	ADP
hassl-832	190	29	selecting	select	VERB
hassl-832	190	30	the	the	DET
hassl-832	190	31	lag	lag	NOUN
hassl-832	190	32	length	length	NOUN
hassl-832	190	33	.	.	PUNCT
hassl-832	191	1	3.4	3.4	NUM
hassl-832	191	2	.	.	PUNCT
hassl-832	192	1	granger	granger	PROPN
hassl-832	192	2	causality	causality	PROPN
hassl-832	192	3	test	test	NOUN
hassl-832	192	4	the	the	DET
hassl-832	192	5	granger	granger	PROPN
hassl-832	192	6	causality	causality	NOUN
hassl-832	192	7	test	test	NOUN
hassl-832	192	8	is	be	AUX
hassl-832	192	9	used	use	VERB
hassl-832	192	10	to	to	PART
hassl-832	192	11	determine	determine	VERB
hassl-832	192	12	whether	whether	SCONJ
hassl-832	192	13	one	one	NUM
hassl-832	192	14	of	of	ADP
hassl-832	192	15	chosen	choose	VERB
hassl-832	192	16	variable	variable	NOUN
hassl-832	192	17	helps	help	VERB
hassl-832	192	18	in	in	ADP
hassl-832	192	19	explaining	explain	VERB
hassl-832	192	20	the	the	DET
hassl-832	192	21	other	other	ADJ
hassl-832	192	22	.	.	PUNCT
hassl-832	193	1	this	this	DET
hassl-832	193	2	test	test	NOUN
hassl-832	193	3	will	will	AUX
hassl-832	193	4	be	be	AUX
hassl-832	193	5	performed	perform	VERB
hassl-832	193	6	based	base	VERB
hassl-832	193	7	on	on	ADP
hassl-832	193	8	granger	granger	PROPN
hassl-832	193	9	(	(	PUNCT
hassl-832	193	10	1969	1969	NUM
hassl-832	193	11	)	)	PUNCT
hassl-832	193	12	bivariate	bivariate	ADJ
hassl-832	193	13	framework	framework	NOUN
hassl-832	193	14	,	,	PUNCT
hassl-832	193	15	where	where	SCONJ
hassl-832	193	16	if	if	SCONJ
hassl-832	193	17	variable	variable	ADJ
hassl-832	193	18	x	x	NOUN
hassl-832	193	19	granger	granger	NOUN
hassl-832	193	20	-	-	PUNCT
hassl-832	193	21	causes	cause	VERB
hassl-832	193	22	variable	variable	ADJ
hassl-832	193	23	y	y	PROPN
hassl-832	193	24	,	,	PUNCT
hassl-832	193	25	the	the	DET
hassl-832	193	26	mean	mean	ADJ
hassl-832	193	27	square	square	ADJ
hassl-832	193	28	error	error	NOUN
hassl-832	193	29	(	(	PUNCT
hassl-832	193	30	mse	mse	NOUN
hassl-832	193	31	)	)	PUNCT
hassl-832	193	32	of	of	ADP
hassl-832	193	33	a	a	DET
hassl-832	193	34	forecast	forecast	NOUN
hassl-832	193	35	of	of	ADP
hassl-832	193	36	y	y	PROPN
hassl-832	193	37	based	base	VERB
hassl-832	193	38	on	on	ADP
hassl-832	193	39	prior	prior	ADJ
hassl-832	193	40	values	value	NOUN
hassl-832	193	41	of	of	ADP
hassl-832	193	42	both	both	CCONJ
hassl-832	193	43	variable	variable	ADJ
hassl-832	193	44	x	x	X
hassl-832	193	45	and	and	CCONJ
hassl-832	193	46	y	y	PROPN
hassl-832	193	47	should	should	AUX
hassl-832	193	48	be	be	AUX
hassl-832	193	49	lower	low	ADJ
hassl-832	193	50	than	than	ADP
hassl-832	193	51	the	the	DET
hassl-832	193	52	mse	mse	NOUN
hassl-832	193	53	of	of	ADP
hassl-832	193	54	the	the	DET
hassl-832	193	55	forecast	forecast	NOUN
hassl-832	193	56	which	which	PRON
hassl-832	193	57	only	only	ADV
hassl-832	193	58	uses	use	VERB
hassl-832	193	59	past	past	ADJ
hassl-832	193	60	value	value	NOUN
hassl-832	193	61	of	of	ADP
hassl-832	193	62	y.	y.	PROPN
hassl-832	193	63	the	the	DET
hassl-832	193	64	granger	granger	PROPN
hassl-832	193	65	causality	causality	NOUN
hassl-832	193	66	is	be	AUX
hassl-832	193	67	further	far	ADV
hassl-832	193	68	explained	explain	VERB
hassl-832	193	69	in	in	ADP
hassl-832	193	70	equation	equation	NOUN
hassl-832	193	71	5	5	NUM
hassl-832	193	72	below	below	ADV
hassl-832	193	73	:	:	PUNCT
hassl-832	193	74	(	(	PUNCT
hassl-832	193	75	5	5	NUM
hassl-832	193	76	)	)	PUNCT
hassl-832	193	77	and	and	CCONJ
hassl-832	193	78	testing	test	VERB
hassl-832	193	79	the	the	DET
hassl-832	193	80	joint	joint	ADJ
hassl-832	193	81	hypothesis	hypothesis	NOUN
hassl-832	193	82	:	:	PUNCT
hassl-832	193	83	h0	h0	NOUN
hassl-832	193	84	:	:	PUNCT
hassl-832	193	85	γ1	γ1	PROPN
hassl-832	193	86	=	=	SYM
hassl-832	193	87	γ2	γ2	PROPN
hassl-832	193	88	=	=	SYM
hassl-832	193	89	…	…	PUNCT
hassl-832	193	90	..	..	PUNCT
hassl-832	193	91	=	=	SYM
hassl-832	194	1	γp	γp	NOUN
hassl-832	194	2	=	=	SYM
hassl-832	194	3	0	0	NUM
hassl-832	194	4	h1	h1	NOUN
hassl-832	194	5	:	:	PUNCT
hassl-832	194	6	at	at	ADP
hassl-832	194	7	least	least	ADJ
hassl-832	194	8	one	one	NUM
hassl-832	194	9	of	of	ADP
hassl-832	194	10	the	the	DET
hassl-832	194	11	γ1	γ1	NOUN
hassl-832	194	12	is	be	AUX
hassl-832	194	13	not	not	PART
hassl-832	194	14	equal	equal	ADJ
hassl-832	194	15	to	to	ADP
hassl-832	194	16	zero	zero	NUM
hassl-832	194	17	the	the	DET
hassl-832	194	18	asymptotic	asymptotic	ADJ
hassl-832	194	19	chi	chi	ADJ
hassl-832	194	20	-	-	PUNCT
hassl-832	194	21	square	square	ADJ
hassl-832	194	22	test	test	NOUN
hassl-832	194	23	will	will	AUX
hassl-832	194	24	then	then	ADV
hassl-832	194	25	determine	determine	VERB
hassl-832	194	26	the	the	DET
hassl-832	194	27	granger	granger	PROPN
hassl-832	194	28	causality	causality	NOUN
hassl-832	194	29	between	between	ADP
hassl-832	194	30	variable	variable	NOUN
hassl-832	194	31	x	x	NOUN
hassl-832	194	32	and	and	CCONJ
hassl-832	194	33	y.	y.	NOUN
hassl-832	194	34	if	if	SCONJ
hassl-832	194	35	the	the	DET
hassl-832	194	36	asymptotic	asymptotic	ADJ
hassl-832	194	37	chi	chi	ADJ
hassl-832	194	38	-	-	PUNCT
hassl-832	194	39	square	square	ADJ
hassl-832	194	40	test	test	NOUN
hassl-832	194	41	rejects	reject	VERB
hassl-832	194	42	h0	h0	PROPN
hassl-832	194	43	,	,	PUNCT
hassl-832	194	44	therefore	therefore	ADV
hassl-832	194	45	short	short	ADJ
hassl-832	194	46	-	-	PUNCT
hassl-832	194	47	run	run	NOUN
hassl-832	194	48	dynamics	dynamic	NOUN
hassl-832	194	49	exist	exist	VERB
hassl-832	194	50	from	from	ADP
hassl-832	194	51	variable	variable	NOUN
hassl-832	194	52	x	x	ADP
hassl-832	194	53	to	to	ADP
hassl-832	194	54	variable	variable	NOUN
hassl-832	194	55	y.	y.	PROPN
hassl-832	194	56	furthermore	furthermore	ADV
hassl-832	194	57	,	,	PUNCT
hassl-832	194	58	if	if	SCONJ
hassl-832	194	59	the	the	DET
hassl-832	194	60	test	test	NOUN
hassl-832	194	61	statistic	statistic	NOUN
hassl-832	194	62	is	be	AUX
hassl-832	194	63	significant	significant	ADJ
hassl-832	194	64	,	,	PUNCT
hassl-832	194	65	therefore	therefore	ADV
hassl-832	194	66	it	it	PRON
hassl-832	194	67	could	could	AUX
hassl-832	194	68	be	be	AUX
hassl-832	194	69	argued	argue	VERB
hassl-832	194	70	that	that	SCONJ
hassl-832	194	71	variable	variable	NOUN
hassl-832	194	72	x	x	PRON
hassl-832	194	73	has	have	VERB
hassl-832	194	74	predictive	predictive	ADJ
hassl-832	194	75	value	value	NOUN
hassl-832	194	76	for	for	ADP
hassl-832	194	77	forecasting	forecasting	NOUN
hassl-832	194	78	movement	movement	NOUN
hassl-832	194	79	in	in	ADP
hassl-832	194	80	variable	variable	ADJ
hassl-832	194	81	y.	y.	PROPN
hassl-832	194	82	furthermore	furthermore	ADV
hassl-832	194	83	,	,	PUNCT
hassl-832	194	84	the	the	DET
hassl-832	194	85	joint	joint	ADJ
hassl-832	194	86	significance	significance	NOUN
hassl-832	194	87	of	of	ADP
hassl-832	194	88	the	the	DET
hassl-832	194	89	lagged	lag	VERB
hassl-832	194	90	independent	independent	ADJ
hassl-832	194	91	variables	variable	NOUN
hassl-832	194	92	can	can	AUX
hassl-832	194	93	be	be	AUX
hassl-832	194	94	tested	test	VERB
hassl-832	194	95	using	use	VERB
hassl-832	194	96	the	the	DET
hassl-832	194	97	f	f	PROPN
hassl-832	194	98	-	-	PUNCT
hassl-832	194	99	statistics	statistic	NOUN
hassl-832	194	100	(	(	PUNCT
hassl-832	194	101	the	the	DET
hassl-832	194	102	null	null	ADJ
hassl-832	194	103	hypothesis	hypothesis	NOUN
hassl-832	194	104	is	be	AUX
hassl-832	194	105	h0	h0	NOUN
hassl-832	194	106	:	:	PUNCT
hassl-832	194	107	βj	βj	PRON
hassl-832	194	108	=	=	SYM
hassl-832	194	109	α1=	α1=	NOUN
hassl-832	194	110	0	0	PUNCT
hassl-832	194	111	in	in	ADP
hassl-832	194	112	eq	eq	ADP
hassl-832	194	113	.	.	PROPN
hassl-832	194	114	1	1	NUM
hassl-832	194	115	and	and	CCONJ
hassl-832	194	116	h0	h0	PROPN
hassl-832	194	117	:	:	PUNCT
hassl-832	194	118	βi	βi	PROPN
hassl-832	194	119	=	=	PROPN
hassl-832	194	120	α2=	α2=	PROPN
hassl-832	194	121	0	0	NUM
hassl-832	194	122	in	in	ADP
hassl-832	194	123	equation	equation	NOUN
hassl-832	194	124	6	6	NUM
hassl-832	194	125	.	.	PUNCT
hassl-832	195	1	the	the	DET
hassl-832	195	2	test	test	NOUN
hassl-832	195	3	statistics	statistic	NOUN
hassl-832	195	4	are	be	AUX
hassl-832	195	5	as	as	ADV
hassl-832	195	6	below	below	ADV
hassl-832	195	7	:	:	PUNCT
hassl-832	195	8	(	(	PUNCT
hassl-832	195	9	6	6	X
hassl-832	195	10	)	)	PUNCT
hassl-832	195	11	which	which	PRON
hassl-832	195	12	is	be	AUX
hassl-832	195	13	computed	compute	VERB
hassl-832	195	14	where	where	SCONJ
hassl-832	195	15	rssr	rssr	NOUN
hassl-832	195	16	is	be	AUX
hassl-832	195	17	the	the	DET
hassl-832	195	18	residual	residual	ADJ
hassl-832	195	19	sum	sum	NOUN
hassl-832	195	20	square	square	NOUN
hassl-832	195	21	of	of	ADP
hassl-832	195	22	the	the	DET
hassl-832	195	23	restricted	restricted	ADJ
hassl-832	195	24	model	model	NOUN
hassl-832	195	25	while	while	SCONJ
hassl-832	195	26	the	the	DET
hassl-832	195	27	rssu	rssu	NOUN
hassl-832	195	28	is	be	AUX
hassl-832	195	29	the	the	DET
hassl-832	195	30	residual	residual	ADJ
hassl-832	195	31	sum	sum	NOUN
hassl-832	195	32	square	square	NOUN
hassl-832	195	33	of	of	ADP
hassl-832	195	34	the	the	DET
hassl-832	195	35	unrestricted	unrestricted	ADJ
hassl-832	195	36	model	model	NOUN
hassl-832	195	37	;	;	PUNCT
hassl-832	195	38	n	n	PRON
hassl-832	195	39	represents	represent	VERB
hassl-832	195	40	a	a	DET
hassl-832	195	41	number	number	NOUN
hassl-832	195	42	of	of	ADP
hassl-832	195	43	observations	observation	NOUN
hassl-832	195	44	and	and	CCONJ
hassl-832	195	45	p	p	NOUN
hassl-832	195	46	is	be	AUX
hassl-832	195	47	the	the	DET
hassl-832	195	48	order	order	NOUN
hassl-832	195	49	of	of	ADP
hassl-832	195	50	the	the	DET
hassl-832	195	51	var	var	NOUN
hassl-832	195	52	model	model	NOUN
hassl-832	195	53	.	.	PUNCT
hassl-832	196	1	based	base	VERB
hassl-832	196	2	on	on	ADP
hassl-832	196	3	the	the	DET
hassl-832	196	4	hypotheses	hypothesis	NOUN
hassl-832	196	5	ho	ho	PROPN
hassl-832	196	6	is	be	AUX
hassl-832	196	7	rejected	reject	VERB
hassl-832	196	8	if	if	SCONJ
hassl-832	196	9	f	f	PROPN
hassl-832	196	10	>	>	X
hassl-832	196	11	fα	fα	NOUN
hassl-832	196	12	,	,	PUNCT
hassl-832	196	13	n	n	CCONJ
hassl-832	196	14	-	-	PUNCT
hassl-832	196	15	kp-1	kp-1	NOUN
hassl-832	196	16	.	.	PUNCT
hassl-832	197	1	the	the	DET
hassl-832	197	2	outcomes	outcome	NOUN
hassl-832	197	3	of	of	ADP
hassl-832	197	4	the	the	DET
hassl-832	197	5	granger	granger	PROPN
hassl-832	197	6	causality	causality	PROPN
hassl-832	197	7	test	test	NOUN
hassl-832	197	8	are	be	AUX
hassl-832	197	9	either	either	CCONJ
hassl-832	197	10	unidirectional	unidirectional	ADJ
hassl-832	197	11	causality	causality	NOUN
hassl-832	197	12	,	,	PUNCT
hassl-832	197	13	bidirectional	bidirectional	ADJ
hassl-832	197	14	causality	causality	NOUN
hassl-832	197	15	or	or	CCONJ
hassl-832	197	16	no	no	DET
hassl-832	197	17	causality	causality	NOUN
hassl-832	197	18	.	.	PUNCT
hassl-832	198	1	3.5	3.5	NUM
hassl-832	198	2	.	.	PUNCT
hassl-832	199	1	cross	cross	ADJ
hassl-832	199	2	-	-	ADJ
hassl-832	199	3	correlation	correlation	NOUN
hassl-832	199	4	analysis	analysis	NOUN
hassl-832	199	5	cross	cross	NOUN
hassl-832	199	6	-	-	NOUN
hassl-832	199	7	correlation	correlation	NOUN
hassl-832	199	8	is	be	AUX
hassl-832	199	9	a	a	DET
hassl-832	199	10	standard	standard	ADJ
hassl-832	199	11	method	method	NOUN
hassl-832	199	12	to	to	PART
hassl-832	199	13	estimate	estimate	VERB
hassl-832	199	14	the	the	DET
hassl-832	199	15	degree	degree	NOUN
hassl-832	199	16	to	to	PART
hassl-832	199	17	which	which	PRON
hassl-832	199	18	two	two	NUM
hassl-832	199	19	series	serie	NOUN
hassl-832	199	20	are	be	AUX
hassl-832	199	21	correlated	correlate	VERB
hassl-832	199	22	.	.	PUNCT
hassl-832	200	1	consider	consider	VERB
hassl-832	200	2	both	both	PRON
hassl-832	200	3	to	to	PART
hassl-832	200	4	be	be	AUX
hassl-832	200	5	examined	examine	VERB
hassl-832	200	6	series	series	NOUN
hassl-832	200	7	and	and	CCONJ
hassl-832	200	8	at	at	ADP
hassl-832	200	9	time	time	NOUN
hassl-832	200	10	t	t	PROPN
hassl-832	200	11	,	,	PUNCT
hassl-832	200	12	the	the	DET
hassl-832	200	13	cross	cross	ADJ
hassl-832	200	14	-	-	ADJ
hassl-832	200	15	correlation	correlation	ADJ
hassl-832	200	16	function	function	NOUN
hassl-832	200	17	as	as	SCONJ
hassl-832	200	18	shown	show	VERB
hassl-832	200	19	in	in	ADP
hassl-832	200	20	equation	equation	NOUN
hassl-832	200	21	7	7	NUM
hassl-832	200	22	:	:	PUNCT
hassl-832	200	23	(	(	PUNCT
hassl-832	200	24	7	7	X
hassl-832	200	25	)	)	PUNCT
hassl-832	200	26	humanities	humanity	NOUN
hassl-832	200	27	and	and	CCONJ
hassl-832	200	28	social	social	ADJ
hassl-832	200	29	sciences	science	NOUN
hassl-832	200	30	letters	letter	NOUN
hassl-832	200	31	,	,	PUNCT
hassl-832	200	32	2019	2019	NUM
hassl-832	200	33	,	,	PUNCT
hassl-832	200	34	7(4	7(4	NUM
hassl-832	200	35	):	):	PUNCT
hassl-832	200	36	225	225	NUM
hassl-832	200	37	-	-	SYM
hassl-832	200	38	237	237	NUM
hassl-832	200	39	233	233	NUM
hassl-832	200	40	©	©	PROPN
hassl-832	200	41	2019	2019	NUM
hassl-832	200	42	conscientia	conscientia	PROPN
hassl-832	200	43	beam	beam	PROPN
hassl-832	200	44	.	.	PUNCT
hassl-832	201	1	all	all	DET
hassl-832	201	2	rights	right	NOUN
hassl-832	201	3	reserved	reserve	VERB
hassl-832	201	4	.	.	PUNCT
hassl-832	202	1	where	where	SCONJ
hassl-832	202	2	is	be	AUX
hassl-832	202	3	sample	sample	NOUN
hassl-832	202	4	cross	cross	NOUN
hassl-832	202	5	-	-	NOUN
hassl-832	202	6	covariance	covariance	NOUN
hassl-832	202	7	of	of	ADP
hassl-832	202	8	two	two	NUM
hassl-832	202	9	series	series	NOUN
hassl-832	202	10	at	at	ADP
hassl-832	202	11	lead	lead	PROPN
hassl-832	202	12	k	k	PROPN
hassl-832	202	13	,	,	PUNCT
hassl-832	202	14	and	and	CCONJ
hassl-832	202	15	are	be	AUX
hassl-832	202	16	the	the	DET
hassl-832	202	17	standard	standard	ADJ
hassl-832	202	18	deviation	deviation	NOUN
hassl-832	202	19	of	of	ADP
hassl-832	202	20	processes	process	NOUN
hassl-832	202	21	of	of	ADP
hassl-832	202	22	and	and	CCONJ
hassl-832	202	23	,	,	PUNCT
hassl-832	202	24	respectively	respectively	ADV
hassl-832	202	25	.	.	PUNCT
hassl-832	203	1	4	4	X
hassl-832	203	2	.	.	NOUN
hassl-832	203	3	results	result	VERB
hassl-832	203	4	4.1	4.1	NUM
hassl-832	203	5	.	.	PUNCT
hassl-832	203	6	descriptive	descriptive	ADJ
hassl-832	203	7	statistics	statistic	NOUN
hassl-832	203	8	in	in	ADP
hassl-832	203	9	panel	panel	NOUN
hassl-832	203	10	a	a	PRON
hassl-832	203	11	of	of	ADP
hassl-832	203	12	table	table	NOUN
hassl-832	203	13	5	5	NUM
hassl-832	203	14	,	,	PUNCT
hassl-832	203	15	foreign	foreign	ADJ
hassl-832	203	16	purchase	purchase	NOUN
hassl-832	203	17	(	(	PUNCT
hassl-832	203	18	fp	fp	X
hassl-832	203	19	)	)	PUNCT
hassl-832	203	20	exhibits	exhibit	VERB
hassl-832	203	21	the	the	DET
hassl-832	203	22	highest	high	ADJ
hassl-832	203	23	standard	standard	ADJ
hassl-832	203	24	deviation	deviation	NOUN
hassl-832	203	25	among	among	ADP
hassl-832	203	26	the	the	DET
hassl-832	203	27	purchases	purchase	NOUN
hassl-832	203	28	and	and	CCONJ
hassl-832	203	29	sales	sale	NOUN
hassl-832	203	30	of	of	ADP
hassl-832	203	31	local	local	ADJ
hassl-832	203	32	equity	equity	NOUN
hassl-832	203	33	.	.	PUNCT
hassl-832	204	1	however	however	ADV
hassl-832	204	2	,	,	PUNCT
hassl-832	204	3	local	local	ADJ
hassl-832	204	4	institutional	institutional	ADJ
hassl-832	204	5	sale	sale	NOUN
hassl-832	204	6	(	(	PUNCT
hassl-832	204	7	lis	li	NOUN
hassl-832	204	8	)	)	PUNCT
hassl-832	204	9	is	be	AUX
hassl-832	204	10	found	find	VERB
hassl-832	204	11	to	to	PART
hassl-832	204	12	have	have	VERB
hassl-832	204	13	the	the	DET
hassl-832	204	14	highest	high	ADJ
hassl-832	204	15	standard	standard	ADJ
hassl-832	204	16	deviation	deviation	NOUN
hassl-832	204	17	in	in	ADP
hassl-832	204	18	postu.s	postu.s	PROPN
hassl-832	204	19	.	.	PUNCT
hassl-832	205	1	qe	qe	PROPN
hassl-832	205	2	period	period	NOUN
hassl-832	205	3	(	(	PUNCT
hassl-832	205	4	1	1	NUM
hassl-832	205	5	to	to	PART
hassl-832	205	6	12	12	NUM
hassl-832	205	7	months	month	NOUN
hassl-832	205	8	in	in	ADP
hassl-832	205	9	panel	panel	NOUN
hassl-832	205	10	b	b	PROPN
hassl-832	205	11	and	and	CCONJ
hassl-832	205	12	c	c	NOUN
hassl-832	205	13	)	)	PUNCT
hassl-832	205	14	.	.	PUNCT
hassl-832	206	1	this	this	PRON
hassl-832	206	2	implies	imply	VERB
hassl-832	206	3	that	that	SCONJ
hassl-832	206	4	lis	li	NOUN
hassl-832	206	5	is	be	AUX
hassl-832	206	6	highly	highly	ADV
hassl-832	206	7	volatile	volatile	ADJ
hassl-832	206	8	relative	relative	ADJ
hassl-832	206	9	to	to	ADP
hassl-832	206	10	retail	retail	ADJ
hassl-832	206	11	and	and	CCONJ
hassl-832	206	12	foreign	foreign	ADJ
hassl-832	206	13	investors	investor	NOUN
hassl-832	206	14	.	.	PUNCT
hassl-832	207	1	table-5	table-5	PROPN
hassl-832	207	2	.	.	PUNCT
hassl-832	207	3	descriptive	descriptive	ADJ
hassl-832	207	4	statistics	statistic	NOUN
hassl-832	207	5	.	.	PUNCT
hassl-832	208	1	variables	variable	NOUN
hassl-832	208	2	/	/	SYM
hassl-832	208	3	periods	period	NOUN
hassl-832	208	4	mean	mean	VERB
hassl-832	208	5	std	std	PROPN
hassl-832	208	6	.	.	PUNCT
hassl-832	209	1	dev	dev	PROPN
hassl-832	209	2	skewness	skewness	NOUN
hassl-832	209	3	kurtosis	kurtosis	VERB
hassl-832	209	4	jarque	jarque	NOUN
hassl-832	209	5	-	-	PUNCT
hassl-832	209	6	bera	bera	NOUN
hassl-832	209	7	obs	obs	PROPN
hassl-832	209	8	panel	panel	PROPN
hassl-832	209	9	a	a	X
hassl-832	209	10	:	:	PUNCT
hassl-832	209	11	u.s	u.s	PROPN
hassl-832	209	12	.	.	PROPN
hassl-832	209	13	qe	qe	PROPN
hassl-832	209	14	lip	lip	VERB
hassl-832	209	15	1150.070	1150.070	NUM
hassl-832	209	16	215.370	215.370	NUM
hassl-832	209	17	0.279	0.279	NUM
hassl-832	209	18	2.969	2.969	NUM
hassl-832	209	19	1.600	1.600	NUM
hassl-832	209	20	(	(	PUNCT
hassl-832	209	21	0.449	0.449	NUM
hassl-832	209	22	)	)	PUNCT
hassl-832	209	23	123	123	NUM
hassl-832	209	24	lrp	lrp	PROPN
hassl-832	209	25	441.175	441.175	NUM
hassl-832	209	26	119.940	119.940	NUM
hassl-832	209	27	1.166	1.166	NUM
hassl-832	209	28	6.529	6.529	NUM
hassl-832	209	29	91.701	91.701	NUM
hassl-832	209	30	(	(	PUNCT
hassl-832	209	31	0.000	0.000	NUM
hassl-832	209	32	)	)	PUNCT
hassl-832	209	33	123	123	NUM
hassl-832	209	34	fp	fp	PROPN
hassl-832	209	35	497.036	497.036	PROPN
hassl-832	209	36	344.413	344.413	NUM
hassl-832	209	37	8.033	8.033	NUM
hassl-832	209	38	79.513	79.513	NUM
hassl-832	209	39	31325.850	31325.850	NUM
hassl-832	209	40	(	(	PUNCT
hassl-832	209	41	0.000	0.000	NUM
hassl-832	209	42	)	)	PUNCT
hassl-832	209	43	123	123	NUM
hassl-832	209	44	lis	li	NOUN
hassl-832	209	45	1145.091	1145.091	NUM
hassl-832	209	46	241.942	241.942	NUM
hassl-832	209	47	0.790	0.790	NUM
hassl-832	209	48	5.725	5.725	NUM
hassl-832	209	49	50.849	50.849	NUM
hassl-832	209	50	(	(	PUNCT
hassl-832	209	51	0.000	0.000	NUM
hassl-832	209	52	)	)	PUNCT
hassl-832	209	53	123	123	NUM
hassl-832	209	54	lrs	lrs	PROPN
hassl-832	209	55	455.939	455.939	NUM
hassl-832	209	56	119.036	119.036	NUM
hassl-832	209	57	1.358	1.358	NUM
hassl-832	209	58	7.796	7.796	NUM
hassl-832	209	59	155.672	155.672	NUM
hassl-832	209	60	(	(	PUNCT
hassl-832	209	61	0.000	0.000	NUM
hassl-832	209	62	)	)	PUNCT
hassl-832	209	63	123	123	NUM
hassl-832	209	64	fs	fs	ADP
hassl-832	209	65	486.984	486.984	NUM
hassl-832	209	66	293.674	293.674	NUM
hassl-832	209	67	7.736	7.736	NUM
hassl-832	209	68	75.989	75.989	NUM
hassl-832	209	69	28529.910	28529.910	NUM
hassl-832	209	70	(	(	PUNCT
hassl-832	209	71	0.000	0.000	NUM
hassl-832	209	72	)	)	PUNCT
hassl-832	209	73	123	123	NUM
hassl-832	209	74	panel	panel	NOUN
hassl-832	209	75	b	b	NOUN
hassl-832	209	76	:	:	PUNCT
hassl-832	209	77	post	post	ADJ
hassl-832	209	78	-	-	ADJ
hassl-832	209	79	u.s	u.s	PROPN
hassl-832	209	80	.	.	PROPN
hassl-832	209	81	qe	qe	PROPN
hassl-832	209	82	(	(	PUNCT
hassl-832	209	83	1	1	NUM
hassl-832	209	84	to	to	PART
hassl-832	209	85	6	6	NUM
hassl-832	209	86	months	month	NOUN
hassl-832	209	87	)	)	PUNCT
hassl-832	209	88	lip	lip	NOUN
hassl-832	210	1	1108.710	1108.710	NUM
hassl-832	210	2	217.572	217.572	NUM
hassl-832	210	3	0.101	0.101	NUM
hassl-832	210	4	4.054	4.054	NUM
hassl-832	210	5	5.900	5.900	NUM
hassl-832	210	6	(	(	PUNCT
hassl-832	210	7	0.052	0.052	NUM
hassl-832	210	8	)	)	PUNCT
hassl-832	210	9	123	123	NUM
hassl-832	210	10	lrp	lrp	PROPN
hassl-832	210	11	378.111	378.111	NUM
hassl-832	210	12	85.643	85.643	NUM
hassl-832	210	13	0.295	0.295	NUM
hassl-832	210	14	4.019	4.019	NUM
hassl-832	210	15	7.101	7.101	NUM
hassl-832	210	16	(	(	PUNCT
hassl-832	210	17	0.029	0.029	NUM
hassl-832	210	18	)	)	PUNCT
hassl-832	210	19	123	123	NUM
hassl-832	210	20	fp	fp	PROPN
hassl-832	210	21	497.067	497.067	NUM
hassl-832	210	22	212.279	212.279	NUM
hassl-832	210	23	2.726	2.726	NUM
hassl-832	210	24	16.529	16.529	NUM
hassl-832	210	25	1090.355	1090.355	NUM
hassl-832	210	26	(	(	PUNCT
hassl-832	210	27	0.000	0.000	NUM
hassl-832	210	28	)	)	PUNCT
hassl-832	210	29	123	123	NUM
hassl-832	210	30	lis	li	NOUN
hassl-832	210	31	1057.895	1057.895	NUM
hassl-832	210	32	228.588	228.588	NUM
hassl-832	210	33	0.390	0.390	NUM
hassl-832	210	34	4.522	4.522	NUM
hassl-832	210	35	14.998	14.998	NUM
hassl-832	210	36	(	(	PUNCT
hassl-832	210	37	0.000	0.000	NUM
hassl-832	210	38	)	)	PUNCT
hassl-832	210	39	123	123	NUM
hassl-832	210	40	lrs	lrs	PROPN
hassl-832	210	41	385.149	385.149	NUM
hassl-832	210	42	88.522	88.522	NUM
hassl-832	210	43	0.149	0.149	NUM
hassl-832	210	44	3.266	3.266	NUM
hassl-832	210	45	0.816	0.816	NUM
hassl-832	210	46	(	(	PUNCT
hassl-832	210	47	0.665	0.665	NUM
hassl-832	210	48	)	)	PUNCT
hassl-832	210	49	123	123	NUM
hassl-832	210	50	fs	fs	ADP
hassl-832	210	51	540.763	540.763	NUM
hassl-832	210	52	198.169	198.169	NUM
hassl-832	210	53	1.120	1.120	NUM
hassl-832	210	54	6.301	6.301	NUM
hassl-832	210	55	81.561	81.561	NUM
hassl-832	210	56	(	(	PUNCT
hassl-832	210	57	0.000	0.000	NUM
hassl-832	210	58	)	)	PUNCT
hassl-832	210	59	123	123	NUM
hassl-832	210	60	panel	panel	NOUN
hassl-832	210	61	c	c	NOUN
hassl-832	210	62	:	:	PUNCT
hassl-832	210	63	post	post	ADJ
hassl-832	210	64	-	-	ADJ
hassl-832	210	65	u.s	u.s	PROPN
hassl-832	210	66	.	.	PROPN
hassl-832	210	67	qe	qe	PROPN
hassl-832	210	68	(	(	PUNCT
hassl-832	210	69	7	7	NUM
hassl-832	210	70	to	to	PART
hassl-832	210	71	12	12	NUM
hassl-832	210	72	months	month	NOUN
hassl-832	210	73	)	)	PUNCT
hassl-832	210	74	lip	lip	NOUN
hassl-832	210	75	1135.911	1135.911	NUM
hassl-832	210	76	215.763	215.763	NUM
hassl-832	210	77	-0.001	-0.001	PUNCT
hassl-832	210	78	2.934	2.934	NUM
hassl-832	210	79	0.023	0.023	NUM
hassl-832	210	80	(	(	PUNCT
hassl-832	210	81	0.989	0.989	NUM
hassl-832	210	82	)	)	PUNCT
hassl-832	210	83	123	123	NUM
hassl-832	210	84	lrp	lrp	PROPN
hassl-832	210	85	352.150	352.150	NUM
hassl-832	210	86	62.704	62.704	NUM
hassl-832	210	87	0.287	0.287	NUM
hassl-832	210	88	3.012	3.012	NUM
hassl-832	210	89	1.686	1.686	NUM
hassl-832	210	90	(	(	PUNCT
hassl-832	210	91	0.430	0.430	NUM
hassl-832	210	92	)	)	PUNCT
hassl-832	210	93	123	123	NUM
hassl-832	210	94	fp	fp	PROPN
hassl-832	210	95	463.576	463.576	NUM
hassl-832	210	96	224.865	224.865	NUM
hassl-832	210	97	2.463	2.463	NUM
hassl-832	210	98	11.354	11.354	NUM
hassl-832	210	99	482.024	482.024	NUM
hassl-832	210	100	(	(	PUNCT
hassl-832	210	101	0.000	0.000	NUM
hassl-832	210	102	)	)	PUNCT
hassl-832	210	103	123	123	NUM
hassl-832	210	104	lis	li	NOUN
hassl-832	210	105	1014.920	1014.920	NUM
hassl-832	210	106	240.389	240.389	NUM
hassl-832	210	107	0.908	0.908	NUM
hassl-832	210	108	4.676	4.676	NUM
hassl-832	210	109	31.297	31.297	NUM
hassl-832	210	110	(	(	PUNCT
hassl-832	210	111	0.000	0.000	NUM
hassl-832	210	112	)	)	PUNCT
hassl-832	210	113	123	123	NUM
hassl-832	210	114	lrs	lrs	PROPN
hassl-832	210	115	358.711	358.711	NUM
hassl-832	210	116	70.209	70.209	NUM
hassl-832	210	117	0.502	0.502	NUM
hassl-832	210	118	2.905	2.905	NUM
hassl-832	210	119	5.217	5.217	NUM
hassl-832	210	120	(	(	PUNCT
hassl-832	210	121	0.074	0.074	NUM
hassl-832	210	122	)	)	PUNCT
hassl-832	210	123	123	123	NUM
hassl-832	210	124	fs	fs	ADP
hassl-832	210	125	578.371	578.371	NUM
hassl-832	210	126	200.793	200.793	NUM
hassl-832	210	127	2.938	2.938	NUM
hassl-832	210	128	20.366	20.366	NUM
hassl-832	210	129	1722.617	1722.617	NUM
hassl-832	210	130	(	(	PUNCT
hassl-832	210	131	0.000	0.000	NUM
hassl-832	210	132	)	)	PUNCT
hassl-832	210	133	123	123	NUM
hassl-832	210	134	notes	note	NOUN
hassl-832	210	135	:	:	PUNCT
hassl-832	210	136	all	all	DET
hassl-832	210	137	statistics	statistic	NOUN
hassl-832	210	138	are	be	AUX
hassl-832	210	139	based	base	VERB
hassl-832	210	140	on	on	ADP
hassl-832	210	141	original	original	ADJ
hassl-832	210	142	data	datum	NOUN
hassl-832	210	143	values	value	NOUN
hassl-832	210	144	.	.	PUNCT
hassl-832	211	1	values	value	NOUN
hassl-832	211	2	in	in	ADP
hassl-832	211	3	parentheses	parenthesis	NOUN
hassl-832	211	4	are	be	AUX
hassl-832	211	5	p	p	NOUN
hassl-832	211	6	-	-	PUNCT
hassl-832	211	7	value	value	NOUN
hassl-832	211	8	.	.	PUNCT
hassl-832	212	1	4.2	4.2	NUM
hassl-832	212	2	.	.	PUNCT
hassl-832	212	3	unit	unit	NOUN
hassl-832	212	4	root	root	PROPN
hassl-832	212	5	test	test	NOUN
hassl-832	212	6	results	result	NOUN
hassl-832	212	7	as	as	SCONJ
hassl-832	212	8	shown	show	VERB
hassl-832	212	9	in	in	ADP
hassl-832	212	10	panel	panel	NOUN
hassl-832	212	11	a	a	PRON
hassl-832	212	12	of	of	ADP
hassl-832	212	13	table	table	NOUN
hassl-832	212	14	6	6	NUM
hassl-832	212	15	,	,	PUNCT
hassl-832	212	16	during	during	ADP
hassl-832	212	17	u.s	u.s	PROPN
hassl-832	212	18	.	.	PROPN
hassl-832	212	19	qe	qe	PROPN
hassl-832	212	20	period	period	NOUN
hassl-832	212	21	,	,	PUNCT
hassl-832	212	22	llip	llip	NOUN
hassl-832	212	23	,	,	PUNCT
hassl-832	212	24	lfp	lfp	PROPN
hassl-832	212	25	,	,	PUNCT
hassl-832	212	26	llis	llis	PROPN
hassl-832	212	27	,	,	PUNCT
hassl-832	212	28	and	and	CCONJ
hassl-832	212	29	lfs	lfs	NOUN
hassl-832	212	30	are	be	AUX
hassl-832	212	31	stationary	stationary	ADJ
hassl-832	212	32	at	at	ADP
hassl-832	212	33	level	level	NOUN
hassl-832	212	34	.	.	PUNCT
hassl-832	213	1	next	next	ADJ
hassl-832	213	2	,	,	PUNCT
hassl-832	213	3	llrp	llrp	NOUN
hassl-832	213	4	and	and	CCONJ
hassl-832	213	5	llrs	llrs	ADJ
hassl-832	213	6	are	be	AUX
hassl-832	213	7	found	find	VERB
hassl-832	213	8	to	to	PART
hassl-832	213	9	become	become	VERB
hassl-832	213	10	stationary	stationary	ADJ
hassl-832	213	11	after	after	ADP
hassl-832	213	12	taking	take	VERB
hassl-832	213	13	the	the	DET
hassl-832	213	14	first	first	ADJ
hassl-832	213	15	difference	difference	NOUN
hassl-832	213	16	.	.	PUNCT
hassl-832	214	1	hence	hence	ADV
hassl-832	214	2	,	,	PUNCT
hassl-832	214	3	they	they	PRON
hassl-832	214	4	are	be	AUX
hassl-832	214	5	integrated	integrate	VERB
hassl-832	214	6	of	of	ADP
hassl-832	214	7	order	order	NOUN
hassl-832	214	8	one	one	NUM
hassl-832	214	9	.	.	PUNCT
hassl-832	215	1	next	next	ADV
hassl-832	215	2	,	,	PUNCT
hassl-832	215	3	in	in	ADP
hassl-832	215	4	panel	panel	NOUN
hassl-832	215	5	b	b	PROPN
hassl-832	215	6	of	of	ADP
hassl-832	215	7	table	table	NOUN
hassl-832	215	8	6	6	NUM
hassl-832	215	9	,	,	PUNCT
hassl-832	215	10	all	all	DET
hassl-832	215	11	the	the	DET
hassl-832	215	12	purchasers	purchaser	NOUN
hassl-832	215	13	and	and	CCONJ
hassl-832	215	14	sellers	seller	NOUN
hassl-832	215	15	of	of	ADP
hassl-832	215	16	local	local	ADJ
hassl-832	215	17	equity	equity	NOUN
hassl-832	215	18	are	be	AUX
hassl-832	215	19	stationary	stationary	ADJ
hassl-832	215	20	at	at	ADP
hassl-832	215	21	level	level	NOUN
hassl-832	215	22	.	.	PUNCT
hassl-832	216	1	in	in	ADP
hassl-832	216	2	the	the	DET
hassl-832	216	3	subsequent	subsequent	ADJ
hassl-832	216	4	7	7	NUM
hassl-832	216	5	to	to	PART
hassl-832	216	6	12	12	NUM
hassl-832	216	7	months	month	NOUN
hassl-832	216	8	after	after	SCONJ
hassl-832	216	9	qe	qe	PROPN
hassl-832	216	10	ended	end	VERB
hassl-832	216	11	panel	panel	NOUN
hassl-832	216	12	c	c	PROPN
hassl-832	216	13	of	of	ADP
hassl-832	216	14	table	table	NOUN
hassl-832	216	15	6	6	NUM
hassl-832	216	16	,	,	PUNCT
hassl-832	216	17	llip	llip	NOUN
hassl-832	216	18	and	and	CCONJ
hassl-832	216	19	lfs	lfs	PROPN
hassl-832	216	20	are	be	AUX
hassl-832	216	21	stationary	stationary	ADJ
hassl-832	216	22	at	at	ADP
hassl-832	216	23	level	level	NOUN
hassl-832	216	24	and	and	CCONJ
hassl-832	216	25	the	the	DET
hassl-832	216	26	rest	rest	NOUN
hassl-832	216	27	of	of	ADP
hassl-832	216	28	the	the	DET
hassl-832	216	29	series	series	NOUN
hassl-832	216	30	follow	follow	VERB
hassl-832	216	31	i(1	i(1	PROPN
hassl-832	216	32	)	)	PUNCT
hassl-832	216	33	process	process	NOUN
hassl-832	216	34	.	.	PUNCT
hassl-832	217	1	4.3	4.3	NUM
hassl-832	217	2	.	.	PUNCT
hassl-832	218	1	granger	granger	PROPN
hassl-832	218	2	causality	causality	PROPN
hassl-832	218	3	results	result	NOUN
hassl-832	218	4	as	as	SCONJ
hassl-832	218	5	observed	observe	VERB
hassl-832	218	6	in	in	ADP
hassl-832	218	7	panel	panel	NOUN
hassl-832	218	8	a	a	PRON
hassl-832	218	9	of	of	ADP
hassl-832	218	10	table	table	NOUN
hassl-832	218	11	7	7	NUM
hassl-832	218	12	,	,	PUNCT
hassl-832	218	13	during	during	ADP
hassl-832	218	14	qe	qe	PROPN
hassl-832	218	15	tapering	tapering	NOUN
hassl-832	218	16	,	,	PUNCT
hassl-832	218	17	there	there	PRON
hassl-832	218	18	is	be	VERB
hassl-832	218	19	short	short	ADV
hassl-832	218	20	-	-	PUNCT
hassl-832	218	21	selling	selling	NOUN
hassl-832	218	22	by	by	ADP
hassl-832	218	23	foreign	foreign	ADJ
hassl-832	218	24	investor	investor	NOUN
hassl-832	218	25	(	(	PUNCT
hassl-832	218	26	h12	h12	NOUN
hassl-832	218	27	:	:	PUNCT
hassl-832	218	28	fsfp	fsfp	NUM
hassl-832	218	29	)	)	PUNCT
hassl-832	218	30	.	.	PUNCT
hassl-832	219	1	there	there	PRON
hassl-832	219	2	is	be	VERB
hassl-832	219	3	also	also	ADV
hassl-832	219	4	information	information	NOUN
hassl-832	219	5	flow	flow	NOUN
hassl-832	219	6	from	from	ADP
hassl-832	219	7	foreign	foreign	ADJ
hassl-832	219	8	sales	sale	NOUN
hassl-832	219	9	to	to	ADP
hassl-832	219	10	local	local	ADJ
hassl-832	219	11	institutional	institutional	ADJ
hassl-832	219	12	sales	sale	NOUN
hassl-832	219	13	(	(	PUNCT
hassl-832	219	14	h5	h5	PROPN
hassl-832	219	15	:	:	PUNCT
hassl-832	219	16	fslis	fsli	NOUN
hassl-832	219	17	)	)	PUNCT
hassl-832	219	18	as	as	ADV
hassl-832	219	19	well	well	ADV
hassl-832	219	20	as	as	ADP
hassl-832	219	21	local	local	ADJ
hassl-832	219	22	institutional	institutional	ADJ
hassl-832	219	23	purchase	purchase	NOUN
hassl-832	219	24	to	to	ADP
hassl-832	219	25	foreign	foreign	ADJ
hassl-832	219	26	purchase	purchase	NOUN
hassl-832	219	27	(	(	PUNCT
hassl-832	219	28	h2	h2	NOUN
hassl-832	219	29	:	:	PUNCT
hassl-832	219	30	lipfp	lipfp	PROPN
hassl-832	219	31	)	)	PUNCT
hassl-832	219	32	.	.	PUNCT
hassl-832	220	1	interesting	interesting	ADJ
hassl-832	220	2	to	to	PART
hassl-832	220	3	note	note	VERB
hassl-832	220	4	that	that	SCONJ
hassl-832	220	5	retail	retail	ADJ
hassl-832	220	6	sales	sale	NOUN
hassl-832	220	7	also	also	ADV
hassl-832	220	8	granger	granger	PROPN
hassl-832	220	9	causes	cause	VERB
hassl-832	220	10	local	local	ADJ
hassl-832	220	11	institutional	institutional	ADJ
hassl-832	220	12	sales	sale	NOUN
hassl-832	220	13	(	(	PUNCT
hassl-832	220	14	h7	h7	PROPN
hassl-832	220	15	)	)	PUNCT
hassl-832	220	16	humanities	humanity	NOUN
hassl-832	220	17	and	and	CCONJ
hassl-832	220	18	social	social	ADJ
hassl-832	220	19	sciences	science	NOUN
hassl-832	220	20	letters	letter	NOUN
hassl-832	220	21	,	,	PUNCT
hassl-832	220	22	2019	2019	NUM
hassl-832	220	23	,	,	PUNCT
hassl-832	220	24	7(4	7(4	NUM
hassl-832	220	25	):	):	PUNCT
hassl-832	220	26	225	225	NUM
hassl-832	220	27	-	-	SYM
hassl-832	220	28	237	237	NUM
hassl-832	220	29	234	234	NUM
hassl-832	220	30	©	©	PROPN
hassl-832	220	31	2019	2019	NUM
hassl-832	220	32	conscientia	conscientia	PROPN
hassl-832	220	33	beam	beam	PROPN
hassl-832	220	34	.	.	PUNCT
hassl-832	221	1	all	all	DET
hassl-832	221	2	rights	right	NOUN
hassl-832	221	3	reserved	reserve	VERB
hassl-832	221	4	.	.	PUNCT
hassl-832	222	1	table-6	table-6	PROPN
hassl-832	222	2	.	.	PROPN
hassl-832	222	3	unit	unit	NOUN
hassl-832	222	4	root	root	NOUN
hassl-832	222	5	and	and	CCONJ
hassl-832	222	6	stationary	stationary	ADJ
hassl-832	222	7	test	test	NOUN
hassl-832	222	8	results	result	NOUN
hassl-832	222	9	.	.	PUNCT
hassl-832	223	1	v	v	X
hassl-832	223	2	ar	ar	PROPN
hassl-832	223	3	ia	ia	PROPN
hassl-832	223	4	b	b	PROPN
hassl-832	223	5	le	le	X
hassl-832	223	6	s	s	PROPN
hassl-832	223	7	adf	adf	PROPN
hassl-832	223	8	test	test	NOUN
hassl-832	223	9	kpss	kpss	PROPN
hassl-832	223	10	test	test	VERB
hassl-832	223	11	no	no	DET
hassl-832	223	12	trend	trend	NOUN
hassl-832	223	13	(	(	PUNCT
hassl-832	223	14	constant	constant	ADJ
hassl-832	223	15	)	)	PUNCT
hassl-832	223	16	with	with	ADP
hassl-832	223	17	trend	trend	NOUN
hassl-832	223	18	no	no	DET
hassl-832	223	19	trend	trend	NOUN
hassl-832	223	20	(	(	PUNCT
hassl-832	223	21	constant	constant	ADJ
hassl-832	223	22	)	)	PUNCT
hassl-832	223	23	with	with	ADP
hassl-832	223	24	trend	trend	NOUN
hassl-832	223	25	level	level	NOUN
hassl-832	223	26	first	first	ADJ
hassl-832	223	27	difference	difference	NOUN
hassl-832	223	28	level	level	NOUN
hassl-832	223	29	first	first	ADJ
hassl-832	223	30	difference	difference	NOUN
hassl-832	223	31	level	level	NOUN
hassl-832	223	32	first	first	ADJ
hassl-832	223	33	difference	difference	NOUN
hassl-832	223	34	level	level	NOUN
hassl-832	223	35	first	first	ADJ
hassl-832	223	36	difference	difference	NOUN
hassl-832	223	37	panel	panel	NOUN
hassl-832	223	38	a	a	PRON
hassl-832	223	39	:	:	PUNCT
hassl-832	223	40	u.s	u.s	PROPN
hassl-832	223	41	.	.	PROPN
hassl-832	223	42	qe	qe	PROPN
hassl-832	223	43	llip	llip	PROPN
hassl-832	223	44	-3.97(1	-3.97(1	PROPN
hassl-832	223	45	)	)	PUNCT
hassl-832	223	46	*	*	PUNCT
hassl-832	224	1	*	*	PUNCT
hassl-832	224	2	*	*	PUNCT
hassl-832	224	3	-4.13(1	-4.13(1	VERB
hassl-832	224	4	)	)	PUNCT
hassl-832	224	5	*	*	PUNCT
hassl-832	225	1	*	*	PUNCT
hassl-832	225	2	*	*	PUNCT
hassl-832	225	3	0.38(8	0.38(8	ADJ
hassl-832	225	4	)	)	PUNCT
hassl-832	225	5	0.14(10	0.14(10	NUM
hassl-832	225	6	)	)	PUNCT
hassl-832	225	7	llrp	llrp	NOUN
hassl-832	225	8	-2.63(1	-2.63(1	NOUN
hassl-832	225	9	)	)	PUNCT
hassl-832	225	10	-10.04(2	-10.04(2	PUNCT
hassl-832	225	11	)	)	PUNCT
hassl-832	226	1	*	*	PUNCT
hassl-832	227	1	*	*	PUNCT
hassl-832	227	2	*	*	PUNCT
hassl-832	227	3	-3.09(1	-3.09(1	NOUN
hassl-832	227	4	)	)	PUNCT
hassl-832	227	5	-10.05(2	-10.05(2	NOUN
hassl-832	227	6	)	)	PUNCT
hassl-832	228	1	*	*	PUNCT
hassl-832	228	2	*	*	PUNCT
hassl-832	228	3	*	*	PUNCT
hassl-832	228	4	0.59(9	0.59(9	NOUN
hassl-832	228	5	)	)	PUNCT
hassl-832	229	1	*	*	PUNCT
hassl-832	229	2	*	*	PUNCT
hassl-832	229	3	0.09(6	0.09(6	NUM
hassl-832	229	4	)	)	PUNCT
hassl-832	229	5	0.21(9	0.21(9	NOUN
hassl-832	229	6	)	)	PUNCT
hassl-832	230	1	*	*	PUNCT
hassl-832	230	2	*	*	PUNCT
hassl-832	230	3	0.09(7	0.09(7	NUM
hassl-832	230	4	)	)	PUNCT
hassl-832	230	5	lfp	lfp	NOUN
hassl-832	230	6	-8.90(0	-8.90(0	NUM
hassl-832	230	7	)	)	PUNCT
hassl-832	231	1	*	*	PUNCT
hassl-832	232	1	*	*	PUNCT
hassl-832	232	2	*	*	PUNCT
hassl-832	232	3	-9.06(0	-9.06(0	ADJ
hassl-832	232	4	)	)	PUNCT
hassl-832	232	5	*	*	PUNCT
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hassl-832	241	9	b	b	X
hassl-832	241	10	:	:	PUNCT
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hassl-832	241	17	1	1	NUM
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hassl-832	241	19	6	6	NUM
hassl-832	241	20	months	month	NOUN
hassl-832	241	21	)	)	PUNCT
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hassl-832	243	2	*	*	PUNCT
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hassl-832	244	2	*	*	PUNCT
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hassl-832	246	1	*	*	PUNCT
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hassl-832	247	7	)	)	PUNCT
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hassl-832	251	9	)	)	PUNCT
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hassl-832	251	11	)	)	PUNCT
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hassl-832	257	8	c	c	NOUN
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hassl-832	286	9	:	:	PUNCT
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hassl-832	286	13	*	*	PUNCT
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hassl-832	286	18	significance	significance	NOUN
hassl-832	286	19	at	at	ADP
hassl-832	286	20	5	5	NUM
hassl-832	286	21	%	%	NOUN
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hassl-832	286	23	1	1	NUM
hassl-832	286	24	%	%	NOUN
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hassl-832	287	7	-	-	PUNCT
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hassl-832	289	3	all	all	DET
hassl-832	289	4	series	serie	NOUN
hassl-832	289	5	have	have	AUX
hassl-832	289	6	transformed	transform	VERB
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hassl-832	289	8	the	the	DET
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hassl-832	291	4	granger	granger	PROPN
hassl-832	291	5	causality	causality	PROPN
hassl-832	291	6	during	during	ADP
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hassl-832	291	8	.	.	PROPN
hassl-832	291	9	qe	qe	PROPN
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hassl-832	291	12	-	-	ADJ
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hassl-832	291	17	:	:	PUNCT
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hassl-832	291	21	results	result	NOUN
hassl-832	291	22	.	.	PUNCT
hassl-832	292	1	u.s	u.s	PROPN
hassl-832	292	2	.	.	PROPN
hassl-832	292	3	qe	qe	PROPN
hassl-832	292	4	:	:	PUNCT
hassl-832	292	5	28/4/2014	28/4/2014	NUM
hassl-832	292	6	28/10/2014	28/10/2014	NUM
hassl-832	292	7	.	.	PUNCT
hassl-832	293	1	dependent	dependent	ADJ
hassl-832	293	2	variables	variable	NOUN
hassl-832	293	3	variables	variable	VERB
hassl-832	293	4	llip	llip	PROPN
hassl-832	293	5	∆llrp	∆llrp	PROPN
hassl-832	293	6	lfp	lfp	PROPN
hassl-832	293	7	llis	llis	PROPN
hassl-832	293	8	∆llrs	∆llrs	PROPN
hassl-832	293	9	lfs	lfs	PROPN
hassl-832	293	10	llip	llip	VERB
hassl-832	293	11	6.765	6.765	NUM
hassl-832	293	12	(	(	PUNCT
hassl-832	293	13	0.454	0.454	NUM
hassl-832	293	14	)	)	PUNCT
hassl-832	293	15	5.991	5.991	NUM
hassl-832	293	16	(	(	PUNCT
hassl-832	293	17	0.541	0.541	NUM
hassl-832	293	18	)	)	PUNCT
hassl-832	293	19	4.855	4.855	NUM
hassl-832	293	20	(	(	PUNCT
hassl-832	293	21	0.678	0.678	NUM
hassl-832	293	22	)	)	PUNCT
hassl-832	293	23	9.487	9.487	NUM
hassl-832	293	24	(	(	PUNCT
hassl-832	293	25	0.219	0.219	NUM
hassl-832	293	26	)	)	PUNCT
hassl-832	293	27	5.367	5.367	NUM
hassl-832	293	28	(	(	PUNCT
hassl-832	293	29	0.615	0.615	NUM
hassl-832	293	30	)	)	PUNCT
hassl-832	293	31	∆llrp	∆llrp	NUM
hassl-832	293	32	7.026	7.026	NUM
hassl-832	293	33	(	(	PUNCT
hassl-832	293	34	0.426	0.426	NUM
hassl-832	293	35	)	)	PUNCT
hassl-832	293	36	7.402	7.402	NUM
hassl-832	293	37	(	(	PUNCT
hassl-832	293	38	0.388	0.388	NUM
hassl-832	293	39	)	)	PUNCT
hassl-832	293	40	7.111	7.111	NUM
hassl-832	293	41	(	(	PUNCT
hassl-832	293	42	0.417	0.417	NUM
hassl-832	293	43	)	)	PUNCT
hassl-832	293	44	5.677	5.677	NUM
hassl-832	293	45	(	(	PUNCT
hassl-832	293	46	0.578	0.578	NUM
hassl-832	293	47	)	)	PUNCT
hassl-832	293	48	8.171	8.171	NUM
hassl-832	293	49	(	(	PUNCT
hassl-832	293	50	0.318	0.318	NUM
hassl-832	293	51	)	)	PUNCT
hassl-832	293	52	lfp	lfp	NOUN
hassl-832	293	53	12.277	12.277	NUM
hassl-832	293	54	*	*	PUNCT
hassl-832	293	55	(	(	PUNCT
hassl-832	293	56	0.092	0.092	NUM
hassl-832	293	57	)	)	PUNCT
hassl-832	293	58	6.553	6.553	NUM
hassl-832	293	59	(	(	PUNCT
hassl-832	293	60	0.477	0.477	NUM
hassl-832	293	61	)	)	PUNCT
hassl-832	293	62	9.784	9.784	NUM
hassl-832	293	63	(	(	PUNCT
hassl-832	293	64	0.201	0.201	NUM
hassl-832	293	65	)	)	PUNCT
hassl-832	293	66	8.751	8.751	NUM
hassl-832	293	67	(	(	PUNCT
hassl-832	293	68	0.271	0.271	NUM
hassl-832	293	69	)	)	PUNCT
hassl-832	294	1	12.233	12.233	NUM
hassl-832	294	2	*	*	PUNCT
hassl-832	294	3	(	(	PUNCT
hassl-832	294	4	0.093	0.093	NUM
hassl-832	294	5	)	)	PUNCT
hassl-832	294	6	llis	lli	NOUN
hassl-832	294	7	14.792	14.792	NUM
hassl-832	294	8	*	*	PUNCT
hassl-832	294	9	*	*	PUNCT
hassl-832	294	10	(	(	PUNCT
hassl-832	294	11	0.039	0.039	NUM
hassl-832	294	12	)	)	PUNCT
hassl-832	294	13	9.387	9.387	NUM
hassl-832	294	14	(	(	PUNCT
hassl-832	294	15	0.226	0.226	NUM
hassl-832	294	16	)	)	PUNCT
hassl-832	294	17	15.280	15.280	NUM
hassl-832	294	18	*	*	PUNCT
hassl-832	294	19	*	*	PUNCT
hassl-832	294	20	(	(	PUNCT
hassl-832	294	21	0.033	0.033	NUM
hassl-832	294	22	)	)	PUNCT
hassl-832	294	23	13.601	13.601	NUM
hassl-832	294	24	*	*	SYM
hassl-832	294	25	(	(	PUNCT
hassl-832	294	26	0.059	0.059	NUM
hassl-832	294	27	)	)	PUNCT
hassl-832	294	28	17.354	17.354	NUM
hassl-832	294	29	*	*	PUNCT
hassl-832	294	30	*	*	PUNCT
hassl-832	294	31	(	(	PUNCT
hassl-832	294	32	0.0153	0.0153	NUM
hassl-832	294	33	)	)	PUNCT
hassl-832	294	34	∆llrs	∆llrs	PROPN
hassl-832	294	35	6.265	6.265	NUM
hassl-832	294	36	(	(	PUNCT
hassl-832	294	37	0.509	0.509	NUM
hassl-832	294	38	)	)	PUNCT
hassl-832	294	39	11.904	11.904	NUM
hassl-832	294	40	(	(	PUNCT
hassl-832	294	41	0.104	0.104	NUM
hassl-832	294	42	)	)	PUNCT
hassl-832	294	43	11.045	11.045	NUM
hassl-832	294	44	(	(	PUNCT
hassl-832	294	45	0.137	0.137	NUM
hassl-832	294	46	)	)	PUNCT
hassl-832	294	47	7.458	7.458	NUM
hassl-832	294	48	(	(	PUNCT
hassl-832	294	49	0.383	0.383	NUM
hassl-832	294	50	)	)	PUNCT
hassl-832	294	51	8.817	8.817	NUM
hassl-832	294	52	(	(	PUNCT
hassl-832	294	53	0.266	0.266	NUM
hassl-832	294	54	)	)	PUNCT
hassl-832	294	55	lfs	lfs	NOUN
hassl-832	294	56	4.433	4.433	NUM
hassl-832	294	57	(	(	PUNCT
hassl-832	294	58	0.729	0.729	NUM
hassl-832	294	59	)	)	PUNCT
hassl-832	294	60	6.204	6.204	NUM
hassl-832	294	61	(	(	PUNCT
hassl-832	294	62	0.516	0.516	NUM
hassl-832	294	63	)	)	PUNCT
hassl-832	294	64	2.625	2.625	NUM
hassl-832	294	65	(	(	PUNCT
hassl-832	294	66	0.917	0.917	NUM
hassl-832	294	67	)	)	PUNCT
hassl-832	294	68	2.397	2.397	NUM
hassl-832	294	69	(	(	PUNCT
hassl-832	294	70	0.935	0.935	NUM
hassl-832	294	71	)	)	PUNCT
hassl-832	294	72	6.691	6.691	NUM
hassl-832	294	73	(	(	PUNCT
hassl-832	294	74	0.462	0.462	NUM
hassl-832	294	75	)	)	PUNCT
hassl-832	294	76	panel	panel	NOUN
hassl-832	294	77	b	b	NOUN
hassl-832	294	78	:	:	PUNCT
hassl-832	294	79	granger	granger	PROPN
hassl-832	294	80	causality	causality	PROPN
hassl-832	294	81	test	test	NOUN
hassl-832	294	82	results	result	NOUN
hassl-832	294	83	.	.	PUNCT
hassl-832	295	1	post	post	ADJ
hassl-832	295	2	-	-	ADJ
hassl-832	295	3	u.s	u.s	PROPN
hassl-832	295	4	.	.	PROPN
hassl-832	295	5	qe	qe	PROPN
hassl-832	295	6	(	(	PUNCT
hassl-832	295	7	1	1	NUM
hassl-832	295	8	to	to	PART
hassl-832	295	9	6	6	NUM
hassl-832	295	10	months	month	NOUN
hassl-832	295	11	):	):	PUNCT
hassl-832	295	12	29/10/2014	29/10/2014	NUM
hassl-832	295	13	27/4/2015	27/4/2015	NUM
hassl-832	295	14	.	.	PUNCT
hassl-832	296	1	dependent	dependent	ADJ
hassl-832	296	2	variables	variable	NOUN
hassl-832	296	3	variables	variable	VERB
hassl-832	296	4	llip	llip	PROPN
hassl-832	296	5	llrp	llrp	PROPN
hassl-832	296	6	lfp	lfp	PROPN
hassl-832	296	7	llis	llis	PROPN
hassl-832	296	8	llrs	llrs	ADJ
hassl-832	296	9	lfs	lfs	PROPN
hassl-832	296	10	llip	llip	VERB
hassl-832	296	11	5.516	5.516	NUM
hassl-832	296	12	*	*	SYM
hassl-832	296	13	*	*	PUNCT
hassl-832	296	14	(	(	PUNCT
hassl-832	296	15	0.019	0.019	NUM
hassl-832	296	16	)	)	PUNCT
hassl-832	296	17	0.713	0.713	NUM
hassl-832	296	18	(	(	PUNCT
hassl-832	296	19	0.399	0.399	NUM
hassl-832	296	20	)	)	PUNCT
hassl-832	296	21	0.786	0.786	NUM
hassl-832	296	22	(	(	PUNCT
hassl-832	296	23	0.375	0.375	NUM
hassl-832	296	24	)	)	PUNCT
hassl-832	296	25	2.543	2.543	NUM
hassl-832	296	26	(	(	PUNCT
hassl-832	296	27	0.111	0.111	NUM
hassl-832	296	28	)	)	PUNCT
hassl-832	296	29	0.471	0.471	NUM
hassl-832	296	30	(	(	PUNCT
hassl-832	296	31	0.492	0.492	NUM
hassl-832	296	32	)	)	PUNCT
hassl-832	296	33	llrp	llrp	NOUN
hassl-832	296	34	0.036	0.036	NUM
hassl-832	296	35	(	(	PUNCT
hassl-832	296	36	0.849	0.849	NUM
hassl-832	296	37	)	)	PUNCT
hassl-832	296	38	0.017	0.017	NUM
hassl-832	296	39	(	(	PUNCT
hassl-832	296	40	0.898	0.898	NUM
hassl-832	296	41	)	)	PUNCT
hassl-832	296	42	0.005	0.005	NUM
hassl-832	296	43	(	(	PUNCT
hassl-832	296	44	0.941	0.941	NUM
hassl-832	296	45	)	)	PUNCT
hassl-832	296	46	0.349	0.349	NUM
hassl-832	296	47	(	(	PUNCT
hassl-832	296	48	0.555	0.555	NUM
hassl-832	296	49	)	)	PUNCT
hassl-832	296	50	0.004	0.004	NUM
hassl-832	296	51	(	(	PUNCT
hassl-832	296	52	0.948	0.948	NUM
hassl-832	296	53	)	)	PUNCT
hassl-832	296	54	lfp	lfp	NOUN
hassl-832	296	55	2.060	2.060	NUM
hassl-832	296	56	(	(	PUNCT
hassl-832	296	57	0.151	0.151	NUM
hassl-832	296	58	)	)	PUNCT
hassl-832	296	59	3.259	3.259	NUM
hassl-832	296	60	*	*	SYM
hassl-832	296	61	(	(	PUNCT
hassl-832	296	62	0.071	0.071	NUM
hassl-832	296	63	)	)	PUNCT
hassl-832	296	64	2.156	2.156	NUM
hassl-832	296	65	(	(	PUNCT
hassl-832	296	66	0.142	0.142	NUM
hassl-832	296	67	)	)	PUNCT
hassl-832	296	68	1.592	1.592	NUM
hassl-832	296	69	(	(	PUNCT
hassl-832	296	70	0.207	0.207	NUM
hassl-832	296	71	)	)	PUNCT
hassl-832	296	72	2.079	2.079	NUM
hassl-832	296	73	(	(	PUNCT
hassl-832	296	74	0.149	0.149	NUM
hassl-832	296	75	)	)	PUNCT
hassl-832	296	76	llis	lli	NOUN
hassl-832	296	77	0.125	0.125	NUM
hassl-832	296	78	(	(	PUNCT
hassl-832	296	79	0.724	0.724	NUM
hassl-832	296	80	)	)	PUNCT
hassl-832	297	1	3.452	3.452	NUM
hassl-832	297	2	*	*	SYM
hassl-832	297	3	(	(	PUNCT
hassl-832	297	4	0.063	0.063	NUM
hassl-832	297	5	)	)	PUNCT
hassl-832	297	6	0.493	0.493	NUM
hassl-832	297	7	(	(	PUNCT
hassl-832	297	8	0.483	0.483	NUM
hassl-832	297	9	)	)	PUNCT
hassl-832	297	10	0.816	0.816	NUM
hassl-832	297	11	(	(	PUNCT
hassl-832	297	12	0.366	0.366	NUM
hassl-832	297	13	)	)	PUNCT
hassl-832	297	14	0.648	0.648	NUM
hassl-832	297	15	(	(	PUNCT
hassl-832	297	16	0.421	0.421	NUM
hassl-832	297	17	)	)	PUNCT
hassl-832	297	18	llrs	llrs	ADJ
hassl-832	297	19	0.117	0.117	NUM
hassl-832	297	20	(	(	PUNCT
hassl-832	297	21	0.733	0.733	NUM
hassl-832	297	22	)	)	PUNCT
hassl-832	297	23	3.030	3.030	NUM
hassl-832	297	24	*	*	SYM
hassl-832	297	25	(	(	PUNCT
hassl-832	297	26	0.082	0.082	NUM
hassl-832	297	27	)	)	PUNCT
hassl-832	297	28	0.565	0.565	NUM
hassl-832	297	29	(	(	PUNCT
hassl-832	297	30	0.452	0.452	NUM
hassl-832	297	31	)	)	PUNCT
hassl-832	297	32	0.462	0.462	NUM
hassl-832	297	33	(	(	PUNCT
hassl-832	297	34	0.497	0.497	NUM
hassl-832	297	35	)	)	PUNCT
hassl-832	297	36	0.264	0.264	NUM
hassl-832	297	37	(	(	PUNCT
hassl-832	297	38	0.607	0.607	NUM
hassl-832	297	39	)	)	PUNCT
hassl-832	297	40	lfs	lfs	NOUN
hassl-832	297	41	6.849	6.849	NUM
hassl-832	297	42	*	*	PUNCT
hassl-832	297	43	*	*	PUNCT
hassl-832	297	44	*	*	PUNCT
hassl-832	297	45	(	(	PUNCT
hassl-832	297	46	0.008	0.008	NUM
hassl-832	297	47	)	)	PUNCT
hassl-832	297	48	7.364	7.364	NUM
hassl-832	297	49	*	*	PUNCT
hassl-832	297	50	*	*	PUNCT
hassl-832	297	51	*	*	PUNCT
hassl-832	297	52	(	(	PUNCT
hassl-832	297	53	0.006	0.006	NUM
hassl-832	297	54	)	)	PUNCT
hassl-832	297	55	5.124	5.124	NUM
hassl-832	297	56	*	*	SYM
hassl-832	297	57	*	*	PUNCT
hassl-832	297	58	(	(	PUNCT
hassl-832	297	59	0.024	0.024	NUM
hassl-832	297	60	)	)	PUNCT
hassl-832	297	61	6.427	6.427	NUM
hassl-832	297	62	*	*	NOUN
hassl-832	297	63	*	*	PUNCT
hassl-832	297	64	(	(	PUNCT
hassl-832	297	65	0.011	0.011	NUM
hassl-832	297	66	)	)	PUNCT
hassl-832	297	67	6.328	6.328	NUM
hassl-832	297	68	*	*	PUNCT
hassl-832	297	69	*	*	PUNCT
hassl-832	297	70	(	(	PUNCT
hassl-832	297	71	0.012	0.012	NUM
hassl-832	297	72	)	)	PUNCT
hassl-832	297	73	humanities	humanity	NOUN
hassl-832	297	74	and	and	CCONJ
hassl-832	297	75	social	social	ADJ
hassl-832	297	76	sciences	science	NOUN
hassl-832	297	77	letters	letter	NOUN
hassl-832	297	78	,	,	PUNCT
hassl-832	297	79	2019	2019	NUM
hassl-832	297	80	,	,	PUNCT
hassl-832	297	81	7(4	7(4	NUM
hassl-832	297	82	):	):	PUNCT
hassl-832	297	83	225	225	NUM
hassl-832	297	84	-	-	SYM
hassl-832	297	85	237	237	NUM
hassl-832	297	86	235	235	NUM
hassl-832	297	87	©	©	PROPN
hassl-832	297	88	2019	2019	NUM
hassl-832	297	89	conscientia	conscientia	PROPN
hassl-832	297	90	beam	beam	PROPN
hassl-832	297	91	.	.	PUNCT
hassl-832	298	1	all	all	DET
hassl-832	298	2	rights	right	NOUN
hassl-832	298	3	reserved	reserve	VERB
hassl-832	298	4	.	.	PUNCT
hassl-832	299	1	panel	panel	NOUN
hassl-832	299	2	c	c	NOUN
hassl-832	299	3	:	:	PUNCT
hassl-832	299	4	granger	granger	PROPN
hassl-832	299	5	causality	causality	PROPN
hassl-832	299	6	test	test	NOUN
hassl-832	299	7	results	result	NOUN
hassl-832	299	8	.	.	PUNCT
hassl-832	300	1	post	post	ADJ
hassl-832	300	2	-	-	ADJ
hassl-832	300	3	u.s	u.s	PROPN
hassl-832	300	4	.	.	PROPN
hassl-832	300	5	qe	qe	PROPN
hassl-832	300	6	(	(	PUNCT
hassl-832	300	7	7	7	NUM
hassl-832	300	8	to	to	PART
hassl-832	300	9	12	12	NUM
hassl-832	300	10	months	month	NOUN
hassl-832	300	11	):	):	PUNCT
hassl-832	300	12	28/4/2015	28/4/2015	NUM
hassl-832	300	13	–	–	SYM
hassl-832	300	14	26/10/2015	26/10/2015	NUM
hassl-832	300	15	.	.	PUNCT
hassl-832	301	1	dependent	dependent	ADJ
hassl-832	301	2	variables	variable	NOUN
hassl-832	301	3	variables	variable	VERB
hassl-832	301	4	llip	llip	PROPN
hassl-832	301	5	∆llrp	∆llrp	NUM
hassl-832	301	6	∆lfp	∆lfp	PROPN
hassl-832	301	7	∆llis	∆llis	PROPN
hassl-832	301	8	∆llrs	∆llrs	PROPN
hassl-832	301	9	lfs	lfs	PROPN
hassl-832	301	10	llip	llip	VERB
hassl-832	301	11	0.169	0.169	NUM
hassl-832	301	12	(	(	PUNCT
hassl-832	301	13	0.680	0.680	NUM
hassl-832	301	14	)	)	PUNCT
hassl-832	301	15	0.954	0.954	NUM
hassl-832	301	16	(	(	PUNCT
hassl-832	301	17	0.329	0.329	NUM
hassl-832	301	18	)	)	PUNCT
hassl-832	301	19	3.106	3.106	NUM
hassl-832	301	20	*	*	SYM
hassl-832	301	21	(	(	PUNCT
hassl-832	301	22	0.078	0.078	NUM
hassl-832	301	23	)	)	PUNCT
hassl-832	301	24	0.450	0.450	NUM
hassl-832	301	25	(	(	PUNCT
hassl-832	301	26	0.502	0.502	NUM
hassl-832	301	27	)	)	PUNCT
hassl-832	301	28	2.529	2.529	NUM
hassl-832	301	29	(	(	PUNCT
hassl-832	301	30	0.112	0.112	NUM
hassl-832	301	31	)	)	PUNCT
hassl-832	301	32	∆llrp	∆llrp	NOUN
hassl-832	301	33	9.246	9.246	NUM
hassl-832	301	34	*	*	PUNCT
hassl-832	301	35	*	*	PUNCT
hassl-832	301	36	*	*	PUNCT
hassl-832	301	37	(	(	PUNCT
hassl-832	301	38	0.002	0.002	NUM
hassl-832	301	39	)	)	PUNCT
hassl-832	301	40	2.242	2.242	NUM
hassl-832	301	41	(	(	PUNCT
hassl-832	301	42	0.134	0.134	NUM
hassl-832	301	43	)	)	PUNCT
hassl-832	301	44	0.134	0.134	NUM
hassl-832	301	45	(	(	PUNCT
hassl-832	301	46	0.714	0.714	NUM
hassl-832	301	47	)	)	PUNCT
hassl-832	301	48	2.523	2.523	NUM
hassl-832	301	49	(	(	PUNCT
hassl-832	301	50	0.112	0.112	NUM
hassl-832	301	51	)	)	PUNCT
hassl-832	301	52	1.286	1.286	NUM
hassl-832	301	53	(	(	PUNCT
hassl-832	301	54	0.257	0.257	NUM
hassl-832	301	55	)	)	PUNCT
hassl-832	301	56	∆lfp	∆lfp	NOUN
hassl-832	302	1	6.450	6.450	NUM
hassl-832	302	2	*	*	SYM
hassl-832	302	3	*	*	PUNCT
hassl-832	302	4	(	(	PUNCT
hassl-832	302	5	0.011	0.011	NUM
hassl-832	302	6	)	)	PUNCT
hassl-832	302	7	0.122	0.122	NUM
hassl-832	302	8	(	(	PUNCT
hassl-832	302	9	0.727	0.727	NUM
hassl-832	302	10	)	)	PUNCT
hassl-832	302	11	1.567	1.567	NUM
hassl-832	302	12	(	(	PUNCT
hassl-832	302	13	0.211	0.211	NUM
hassl-832	302	14	)	)	PUNCT
hassl-832	302	15	0.539	0.539	NUM
hassl-832	302	16	(	(	PUNCT
hassl-832	302	17	0.463	0.463	NUM
hassl-832	302	18	)	)	PUNCT
hassl-832	302	19	18.183	18.183	NUM
hassl-832	302	20	*	*	PUNCT
hassl-832	302	21	*	*	PUNCT
hassl-832	302	22	*	*	PUNCT
hassl-832	302	23	(	(	PUNCT
hassl-832	302	24	0.000	0.000	NUM
hassl-832	302	25	)	)	PUNCT
hassl-832	302	26	∆llis	∆llis	PROPN
hassl-832	302	27	1.941	1.941	NUM
hassl-832	302	28	(	(	PUNCT
hassl-832	302	29	0.164	0.164	NUM
hassl-832	302	30	)	)	PUNCT
hassl-832	302	31	0.214	0.214	NUM
hassl-832	302	32	(	(	PUNCT
hassl-832	302	33	0.644	0.644	NUM
hassl-832	302	34	)	)	PUNCT
hassl-832	302	35	1.527	1.527	NUM
hassl-832	302	36	(	(	PUNCT
hassl-832	302	37	0.217	0.217	NUM
hassl-832	302	38	)	)	PUNCT
hassl-832	302	39	3.287	3.287	NUM
hassl-832	302	40	*	*	SYM
hassl-832	302	41	(	(	PUNCT
hassl-832	302	42	0.069	0.069	NUM
hassl-832	302	43	)	)	PUNCT
hassl-832	302	44	1.642	1.642	NUM
hassl-832	302	45	(	(	PUNCT
hassl-832	302	46	0.199	0.199	NUM
hassl-832	302	47	)	)	PUNCT
hassl-832	302	48	∆llrs	∆llrs	NOUN
hassl-832	302	49	7.714	7.714	NUM
hassl-832	302	50	*	*	PUNCT
hassl-832	302	51	*	*	PUNCT
hassl-832	302	52	*	*	PUNCT
hassl-832	302	53	(	(	PUNCT
hassl-832	302	54	0.005	0.005	NUM
hassl-832	302	55	)	)	PUNCT
hassl-832	302	56	0.155	0.155	NUM
hassl-832	302	57	(	(	PUNCT
hassl-832	302	58	0.694	0.694	NUM
hassl-832	302	59	)	)	PUNCT
hassl-832	302	60	1.764	1.764	NUM
hassl-832	302	61	(	(	PUNCT
hassl-832	302	62	0.184	0.184	NUM
hassl-832	302	63	)	)	PUNCT
hassl-832	302	64	0.026	0.026	NUM
hassl-832	302	65	(	(	PUNCT
hassl-832	302	66	0.872	0.872	NUM
hassl-832	302	67	)	)	PUNCT
hassl-832	302	68	2.122	2.122	NUM
hassl-832	302	69	(	(	PUNCT
hassl-832	302	70	0.145	0.145	NUM
hassl-832	302	71	)	)	PUNCT
hassl-832	302	72	lfs	lfs	NOUN
hassl-832	303	1	3.410	3.410	NUM
hassl-832	303	2	*	*	SYM
hassl-832	303	3	(	(	PUNCT
hassl-832	303	4	0.065	0.065	NUM
hassl-832	303	5	)	)	PUNCT
hassl-832	303	6	0.015	0.015	NUM
hassl-832	303	7	(	(	PUNCT
hassl-832	303	8	0.902	0.902	NUM
hassl-832	303	9	)	)	PUNCT
hassl-832	303	10	0.596	0.596	NUM
hassl-832	303	11	(	(	PUNCT
hassl-832	303	12	0.440	0.440	NUM
hassl-832	303	13	)	)	PUNCT
hassl-832	303	14	0.011	0.011	NUM
hassl-832	303	15	(	(	PUNCT
hassl-832	303	16	0.916	0.916	NUM
hassl-832	303	17	)	)	PUNCT
hassl-832	303	18	0.049	0.049	NUM
hassl-832	303	19	(	(	PUNCT
hassl-832	303	20	0.824	0.824	NUM
hassl-832	303	21	)	)	PUNCT
hassl-832	303	22	notes	note	NOUN
hassl-832	303	23	:	:	PUNCT
hassl-832	303	24	*	*	PUNCT
hassl-832	303	25	,	,	PUNCT
hassl-832	303	26	*	*	PUNCT
hassl-832	303	27	*	*	PUNCT
hassl-832	303	28	and	and	CCONJ
hassl-832	303	29	*	*	PUNCT
hassl-832	303	30	*	*	PUNCT
hassl-832	303	31	*	*	PUNCT
hassl-832	303	32	denote	denote	ADJ
hassl-832	303	33	statistical	statistical	ADJ
hassl-832	303	34	significance	significance	NOUN
hassl-832	303	35	at	at	ADP
hassl-832	303	36	10	10	NUM
hassl-832	303	37	%	%	NOUN
hassl-832	303	38	,	,	PUNCT
hassl-832	303	39	5	5	NUM
hassl-832	303	40	%	%	NOUN
hassl-832	303	41	and	and	CCONJ
hassl-832	303	42	1	1	NUM
hassl-832	303	43	%	%	NOUN
hassl-832	303	44	level	level	NOUN
hassl-832	303	45	respectively	respectively	ADV
hassl-832	303	46	.	.	PUNCT
hassl-832	304	1	all	all	DET
hassl-832	304	2	estimates	estimate	NOUN
hassl-832	304	3	are	be	AUX
hassl-832	304	4	asymptotic	asymptotic	ADJ
hassl-832	304	5	granger	granger	NOUN
hassl-832	304	6	chi	chi	PROPN
hassl-832	304	7	-	-	PUNCT
hassl-832	304	8	squared	square	VERB
hassl-832	304	9	statistics	statistic	NOUN
hassl-832	304	10	.	.	PUNCT
hassl-832	305	1	values	value	NOUN
hassl-832	305	2	in	in	ADP
hassl-832	305	3	parentheses	parenthesis	NOUN
hassl-832	305	4	are	be	AUX
hassl-832	305	5	p	p	NOUN
hassl-832	305	6	-	-	PUNCT
hassl-832	305	7	values	value	NOUN
hassl-832	305	8	.	.	PUNCT
hassl-832	306	1	l	l	NOUN
hassl-832	306	2	denotes	denote	NOUN
hassl-832	306	3	all	all	DET
hassl-832	306	4	series	serie	NOUN
hassl-832	306	5	have	have	AUX
hassl-832	306	6	been	be	AUX
hassl-832	306	7	transformed	transform	VERB
hassl-832	306	8	into	into	ADP
hassl-832	306	9	the	the	DET
hassl-832	306	10	natural	natural	ADJ
hassl-832	306	11	logarithm	logarithm	NOUN
hassl-832	306	12	.	.	PUNCT
hassl-832	307	1	∆	∆	PROPN
hassl-832	307	2	denotes	denote	VERB
hassl-832	307	3	first	first	ADJ
hassl-832	307	4	difference	difference	NOUN
hassl-832	307	5	.	.	PUNCT
hassl-832	308	1	optimal	optimal	ADJ
hassl-832	308	2	lag	lag	NOUN
hassl-832	308	3	length	length	NOUN
hassl-832	308	4	selection	selection	NOUN
hassl-832	308	5	of	of	ADP
hassl-832	308	6	var	var	NOUN
hassl-832	308	7	for	for	ADP
hassl-832	308	8	panel	panel	NOUN
hassl-832	308	9	a	a	PRON
hassl-832	308	10	is	be	AUX
hassl-832	308	11	7	7	NUM
hassl-832	308	12	;	;	PUNCT
hassl-832	308	13	panel	panel	NOUN
hassl-832	308	14	b	b	PROPN
hassl-832	308	15	is	be	AUX
hassl-832	308	16	1	1	NUM
hassl-832	308	17	,	,	PUNCT
hassl-832	308	18	and	and	CCONJ
hassl-832	308	19	panel	panel	NOUN
hassl-832	308	20	c	c	PROPN
hassl-832	308	21	is	be	AUX
hassl-832	308	22	1	1	NUM
hassl-832	308	23	.	.	PUNCT
hassl-832	309	1	on	on	ADP
hassl-832	309	2	panel	panel	NOUN
hassl-832	309	3	b	b	PROPN
hassl-832	309	4	,	,	PUNCT
hassl-832	309	5	in	in	ADP
hassl-832	309	6	the	the	DET
hassl-832	309	7	first	first	ADJ
hassl-832	309	8	6	6	NUM
hassl-832	309	9	months	month	NOUN
hassl-832	309	10	post	post	ADJ
hassl-832	309	11	-	-	ADJ
hassl-832	309	12	qe	qe	ADJ
hassl-832	309	13	exit	exit	NOUN
hassl-832	309	14	,	,	PUNCT
hassl-832	309	15	foreign	foreign	ADJ
hassl-832	309	16	sales	sale	NOUN
hassl-832	309	17	(	(	PUNCT
hassl-832	309	18	fs	f	NOUN
hassl-832	309	19	)	)	PUNCT
hassl-832	309	20	is	be	AUX
hassl-832	309	21	the	the	DET
hassl-832	309	22	most	most	ADV
hassl-832	309	23	endogenous	endogenous	ADJ
hassl-832	309	24	variable	variable	NOUN
hassl-832	309	25	.	.	PUNCT
hassl-832	310	1	the	the	DET
hassl-832	310	2	sales	sale	NOUN
hassl-832	310	3	from	from	ADP
hassl-832	310	4	retail	retail	ADJ
hassl-832	310	5	and	and	CCONJ
hassl-832	310	6	institutional	institutional	ADJ
hassl-832	310	7	investor	investor	NOUN
hassl-832	310	8	trigger	trigger	NOUN
hassl-832	310	9	foreign	foreign	ADJ
hassl-832	310	10	sales	sale	NOUN
hassl-832	310	11	(	(	PUNCT
hassl-832	310	12	h1	h1	NOUN
hassl-832	310	13	and	and	CCONJ
hassl-832	310	14	h9	h9	NOUN
hassl-832	310	15	)	)	PUNCT
hassl-832	310	16	.	.	PUNCT
hassl-832	311	1	interesting	interesting	ADJ
hassl-832	311	2	to	to	PART
hassl-832	311	3	note	note	VERB
hassl-832	311	4	that	that	SCONJ
hassl-832	311	5	retail	retail	ADJ
hassl-832	311	6	purchases	purchase	NOUN
hassl-832	311	7	also	also	ADV
hassl-832	311	8	granger	granger	PROPN
hassl-832	311	9	causes	cause	VERB
hassl-832	311	10	local	local	ADJ
hassl-832	311	11	institutional	institutional	ADJ
hassl-832	311	12	purchases	purchase	NOUN
hassl-832	311	13	(	(	PUNCT
hassl-832	311	14	h8	h8	PROPN
hassl-832	311	15	)	)	PUNCT
hassl-832	311	16	and	and	CCONJ
hassl-832	311	17	foreign	foreign	ADJ
hassl-832	311	18	purchases	purchase	NOUN
hassl-832	311	19	(	(	PUNCT
hassl-832	311	20	h10	h10	NOUN
hassl-832	311	21	)	)	PUNCT
hassl-832	311	22	.	.	PUNCT
hassl-832	312	1	this	this	DET
hassl-832	312	2	result	result	NOUN
hassl-832	312	3	concurs	concur	VERB
hassl-832	312	4	with	with	ADP
hassl-832	312	5	an	an	DET
hassl-832	312	6	earlier	early	ADJ
hassl-832	312	7	result	result	NOUN
hassl-832	312	8	in	in	ADP
hassl-832	312	9	table	table	NOUN
hassl-832	312	10	2	2	NUM
hassl-832	312	11	that	that	PRON
hassl-832	312	12	foreign	foreign	ADJ
hassl-832	312	13	sales	sale	NOUN
hassl-832	312	14	is	be	AUX
hassl-832	312	15	more	more	ADJ
hassl-832	312	16	than	than	ADP
hassl-832	312	17	foreign	foreign	ADJ
hassl-832	312	18	purchases	purchase	NOUN
hassl-832	312	19	in	in	ADP
hassl-832	312	20	second	second	ADJ
hassl-832	312	21	sub	sub	NOUN
hassl-832	312	22	-	-	NOUN
hassl-832	312	23	period	period	NOUN
hassl-832	312	24	.	.	PUNCT
hassl-832	313	1	on	on	ADP
hassl-832	313	2	panel	panel	NOUN
hassl-832	313	3	c	c	NOUN
hassl-832	313	4	,	,	PUNCT
hassl-832	313	5	there	there	PRON
hassl-832	313	6	are	be	VERB
hassl-832	313	7	short	short	ADJ
hassl-832	313	8	-	-	PUNCT
hassl-832	313	9	selling	sell	VERB
hassl-832	313	10	activities	activity	NOUN
hassl-832	313	11	for	for	ADP
hassl-832	313	12	foreign	foreign	ADJ
hassl-832	313	13	and	and	CCONJ
hassl-832	313	14	institutional	institutional	ADJ
hassl-832	313	15	investors	investor	NOUN
hassl-832	313	16	(	(	PUNCT
hassl-832	313	17	h11	h11	NOUN
hassl-832	313	18	and	and	CCONJ
hassl-832	313	19	h12	h12	PROPN
hassl-832	313	20	)	)	PUNCT
hassl-832	313	21	,	,	PUNCT
hassl-832	313	22	from	from	ADP
hassl-832	313	23	7	7	NUM
hassl-832	313	24	to	to	PART
hassl-832	313	25	12	12	NUM
hassl-832	313	26	months	month	NOUN
hassl-832	313	27	post	post	ADJ
hassl-832	313	28	-	-	ADJ
hassl-832	313	29	qe	qe	ADJ
hassl-832	313	30	exit	exit	NOUN
hassl-832	313	31	,	,	PUNCT
hassl-832	313	32	corresponding	correspond	VERB
hassl-832	313	33	to	to	ADP
hassl-832	313	34	a	a	DET
hassl-832	313	35	sharp	sharp	ADJ
hassl-832	313	36	downward	downward	ADJ
hassl-832	313	37	trend	trend	NOUN
hassl-832	313	38	of	of	ADP
hassl-832	313	39	klci	klci	NOUN
hassl-832	313	40	.	.	PUNCT
hassl-832	314	1	retail	retail	ADJ
hassl-832	314	2	sales	sale	NOUN
hassl-832	314	3	granger	granger	NOUN
hassl-832	314	4	causes	cause	VERB
hassl-832	314	5	institutional	institutional	ADJ
hassl-832	314	6	sales	sale	NOUN
hassl-832	314	7	(	(	PUNCT
hassl-832	314	8	h7	h7	PROPN
hassl-832	314	9	)	)	PUNCT
hassl-832	314	10	.	.	PUNCT
hassl-832	315	1	nonetheless	nonetheless	ADV
hassl-832	315	2	,	,	PUNCT
hassl-832	315	3	there	there	PRON
hassl-832	315	4	is	be	VERB
hassl-832	315	5	some	some	DET
hassl-832	315	6	support	support	NOUN
hassl-832	315	7	in	in	ADP
hassl-832	315	8	buying	buy	VERB
hassl-832	315	9	activities	activity	NOUN
hassl-832	315	10	in	in	ADP
hassl-832	315	11	local	local	ADJ
hassl-832	315	12	retail	retail	ADJ
hassl-832	315	13	and	and	CCONJ
hassl-832	315	14	foreign	foreign	ADJ
hassl-832	315	15	purchases	purchase	NOUN
hassl-832	315	16	(	(	PUNCT
hassl-832	315	17	h4	h4	NOUN
hassl-832	315	18	and	and	CCONJ
hassl-832	315	19	h12	h12	NOUN
hassl-832	315	20	)	)	PUNCT
hassl-832	315	21	.	.	PUNCT
hassl-832	316	1	table	table	NOUN
hassl-832	316	2	8	8	NUM
hassl-832	316	3	summarizes	summarize	NOUN
hassl-832	316	4	all	all	DET
hassl-832	316	5	the	the	DET
hassl-832	316	6	results	result	NOUN
hassl-832	316	7	of	of	ADP
hassl-832	316	8	hypothesis	hypothesis	NOUN
hassl-832	316	9	testing	testing	NOUN
hassl-832	316	10	conducted	conduct	VERB
hassl-832	316	11	from	from	ADP
hassl-832	316	12	the	the	DET
hassl-832	316	13	above	above	ADJ
hassl-832	316	14	tables	table	NOUN
hassl-832	316	15	.	.	PUNCT
hassl-832	317	1	table-8	table-8	NOUN
hassl-832	317	2	.	.	PUNCT
hassl-832	318	1	summary	summary	NOUN
hassl-832	318	2	results	result	NOUN
hassl-832	318	3	for	for	ADP
hassl-832	318	4	the	the	DET
hassl-832	318	5	hypothesis	hypothesis	NOUN
hassl-832	318	6	.	.	PUNCT
hassl-832	319	1	testing	test	VERB
hassl-832	319	2	hypotheses	hypothesis	NOUN
hassl-832	319	3	information	information	NOUN
hassl-832	319	4	flow	flow	NOUN
hassl-832	320	1	u.s	u.s	PROPN
hassl-832	320	2	.	.	PROPN
hassl-832	320	3	qe	qe	PROPN
hassl-832	320	4	postu.s	postu.s	PROPN
hassl-832	320	5	.	.	PUNCT
hassl-832	321	1	qe	qe	PROPN
hassl-832	321	2	(	(	PUNCT
hassl-832	321	3	1	1	NUM
hassl-832	321	4	to	to	PART
hassl-832	321	5	6	6	NUM
hassl-832	321	6	months	month	NOUN
hassl-832	321	7	)	)	PUNCT
hassl-832	321	8	postu.s	postu.s	PROPN
hassl-832	321	9	.	.	PUNCT
hassl-832	322	1	qe	qe	PROPN
hassl-832	322	2	(	(	PUNCT
hassl-832	322	3	7	7	NUM
hassl-832	322	4	to	to	PART
hassl-832	322	5	12	12	NUM
hassl-832	322	6	months	month	NOUN
hassl-832	322	7	)	)	PUNCT
hassl-832	322	8	h1	h1	AUX
hassl-832	322	9	lisfs	lisfs	PROPN
hassl-832	322	10	supported	support	VERB
hassl-832	322	11	h2	h2	PROPN
hassl-832	322	12	lipfp	lipfp	PROPN
hassl-832	322	13	supported	support	VERB
hassl-832	322	14	supported	support	VERB
hassl-832	322	15	h3	h3	NOUN
hassl-832	322	16	lislrs	lislrs	PROPN
hassl-832	322	17	h4	h4	PROPN
hassl-832	322	18	liplrp	liplrp	PROPN
hassl-832	322	19	supported	support	VERB
hassl-832	322	20	h5	h5	PROPN
hassl-832	322	21	fslis	fslis	PROPN
hassl-832	322	22	supported	support	VERB
hassl-832	322	23	h6	h6	PROPN
hassl-832	322	24	fplip	fplip	PROPN
hassl-832	322	25	h7	h7	PROPN
hassl-832	322	26	lrslis	lrslis	PROPN
hassl-832	322	27	supported	support	VERB
hassl-832	322	28	supported	support	VERB
hassl-832	322	29	h8	h8	PROPN
hassl-832	322	30	lrplip	lrplip	PROPN
hassl-832	322	31	supported	support	VERB
hassl-832	322	32	h9	h9	NOUN
hassl-832	322	33	lrsfs	lrsfs	PROPN
hassl-832	322	34	supported	support	VERB
hassl-832	322	35	h10	h10	PROPN
hassl-832	322	36	lrpfp	lrpfp	PROPN
hassl-832	322	37	supported	support	VERB
hassl-832	322	38	h11	h11	PROPN
hassl-832	322	39	lislip(shortselling	lislip(shortselling	PROPN
hassl-832	322	40	)	)	PUNCT
hassl-832	322	41	supported	support	VERB
hassl-832	322	42	h12	h12	NOUN
hassl-832	322	43	fsfp	fsfp	X
hassl-832	322	44	(	(	PUNCT
hassl-832	322	45	shortselling	shortselling	NOUN
hassl-832	322	46	)	)	PUNCT
hassl-832	322	47	supported	support	VERB
hassl-832	322	48	supported	support	VERB
hassl-832	322	49	notes	note	NOUN
hassl-832	322	50	:	:	PUNCT
hassl-832	322	51	u.s	u.s	PROPN
hassl-832	322	52	.	.	PROPN
hassl-832	322	53	qe	qe	PROPN
hassl-832	322	54	:	:	PUNCT
hassl-832	322	55	28/4/2014	28/4/2014	NUM
hassl-832	322	56	28/10/2014	28/10/2014	NUM
hassl-832	322	57	.	.	PUNCT
hassl-832	323	1	post	post	ADJ
hassl-832	323	2	-	-	ADJ
hassl-832	323	3	u.s	u.s	PROPN
hassl-832	323	4	.	.	PROPN
hassl-832	323	5	qe	qe	PROPN
hassl-832	323	6	(	(	PUNCT
hassl-832	323	7	1	1	NUM
hassl-832	323	8	to	to	PART
hassl-832	323	9	6	6	NUM
hassl-832	323	10	months	month	NOUN
hassl-832	323	11	):	):	PUNCT
hassl-832	323	12	29/10/2014	29/10/2014	NUM
hassl-832	323	13	27/4/2015	27/4/2015	NUM
hassl-832	323	14	.	.	PUNCT
hassl-832	324	1	post	post	PROPN
hassl-832	324	2	-	-	ADJ
hassl-832	324	3	u.s	u.s	PROPN
hassl-832	324	4	.	.	PROPN
hassl-832	324	5	qe	qe	PROPN
hassl-832	324	6	(	(	PUNCT
hassl-832	324	7	7	7	NUM
hassl-832	324	8	to	to	PART
hassl-832	324	9	12	12	NUM
hassl-832	324	10	months	month	NOUN
hassl-832	324	11	):	):	PUNCT
hassl-832	324	12	28/4/2015	28/4/2015	NUM
hassl-832	324	13	–	–	SYM
hassl-832	324	14	26/10/2015	26/10/2015	NUM
hassl-832	324	15	.	.	PUNCT
hassl-832	325	1	lip	lip	PROPN
hassl-832	325	2	denotes	denote	VERB
hassl-832	325	3	local	local	ADJ
hassl-832	325	4	institutional	institutional	ADJ
hassl-832	325	5	purchase	purchase	NOUN
hassl-832	325	6	.	.	PUNCT
hassl-832	326	1	lrp	lrp	PROPN
hassl-832	326	2	denotes	denote	VERB
hassl-832	326	3	local	local	ADJ
hassl-832	326	4	retail	retail	ADJ
hassl-832	326	5	purchase	purchase	NOUN
hassl-832	326	6	.	.	PUNCT
hassl-832	327	1	fp	fp	PROPN
hassl-832	327	2	denotes	denote	NOUN
hassl-832	327	3	foreign	foreign	ADJ
hassl-832	327	4	purchase	purchase	NOUN
hassl-832	327	5	.	.	PUNCT
hassl-832	328	1	lis	li	NOUN
hassl-832	328	2	denotes	denote	VERB
hassl-832	328	3	local	local	ADJ
hassl-832	328	4	institutional	institutional	ADJ
hassl-832	328	5	sale	sale	NOUN
hassl-832	328	6	.	.	PUNCT
hassl-832	329	1	lrs	lrs	PROPN
hassl-832	329	2	denotes	denote	NOUN
hassl-832	329	3	local	local	ADJ
hassl-832	329	4	retail	retail	ADJ
hassl-832	329	5	sale	sale	NOUN
hassl-832	329	6	.	.	PUNCT
hassl-832	330	1	fs	fs	ADP
hassl-832	330	2	denotes	denotes	PROPN
hassl-832	330	3	foreign	foreign	ADJ
hassl-832	330	4	sale	sale	NOUN
hassl-832	330	5	.	.	PUNCT
hassl-832	331	1	5	5	X
hassl-832	331	2	.	.	X
hassl-832	331	3	cross	cross	ADJ
hassl-832	331	4	-	-	ADJ
hassl-832	331	5	correlation	correlation	ADJ
hassl-832	331	6	analysis	analysis	NOUN
hassl-832	331	7	this	this	DET
hassl-832	331	8	study	study	NOUN
hassl-832	331	9	proceeds	proceed	NOUN
hassl-832	331	10	to	to	ADP
hassl-832	331	11	cross	cross	ADJ
hassl-832	331	12	-	-	NOUN
hassl-832	331	13	correlation	correlation	ADJ
hassl-832	331	14	analysis	analysis	NOUN
hassl-832	331	15	as	as	SCONJ
hassl-832	331	16	to	to	PART
hassl-832	331	17	investigate	investigate	VERB
hassl-832	331	18	the	the	DET
hassl-832	331	19	lead	lead	ADJ
hassl-832	331	20	-	-	PUNCT
hassl-832	331	21	lag	lag	NOUN
hassl-832	331	22	relationship	relationship	NOUN
hassl-832	331	23	between	between	ADP
hassl-832	331	24	the	the	DET
hassl-832	331	25	respective	respective	ADJ
hassl-832	331	26	series	series	NOUN
hassl-832	331	27	identified	identify	VERB
hassl-832	331	28	in	in	ADP
hassl-832	331	29	above	above	ADP
hassl-832	331	30	hypothesis	hypothesis	NOUN
hassl-832	331	31	.	.	PUNCT
hassl-832	332	1	in	in	ADP
hassl-832	332	2	table	table	NOUN
hassl-832	332	3	9	9	NUM
hassl-832	332	4	,	,	PUNCT
hassl-832	332	5	all	all	DET
hassl-832	332	6	the	the	DET
hassl-832	332	7	lead	lead	ADJ
hassl-832	332	8	-	-	PUNCT
hassl-832	332	9	lag	lag	NOUN
hassl-832	332	10	relationship	relationship	NOUN
hassl-832	332	11	shows	show	VERB
hassl-832	332	12	positive	positive	ADJ
hassl-832	332	13	results	result	NOUN
hassl-832	332	14	with	with	ADP
hassl-832	332	15	the	the	DET
hassl-832	332	16	strongest	strong	ADJ
hassl-832	332	17	lead	lead	NOUN
hassl-832	332	18	at	at	ADP
hassl-832	332	19	lag	lag	NOUN
hassl-832	332	20	1	1	NUM
hassl-832	332	21	in	in	ADP
hassl-832	332	22	all	all	DET
hassl-832	332	23	cases	case	NOUN
hassl-832	332	24	.	.	PUNCT
hassl-832	333	1	these	these	DET
hassl-832	333	2	results	result	NOUN
hassl-832	333	3	are	be	AUX
hassl-832	333	4	consistent	consistent	ADJ
hassl-832	333	5	with	with	ADP
hassl-832	333	6	the	the	DET
hassl-832	333	7	granger	granger	NOUN
hassl-832	333	8	’	'	PUNCT
hassl-832	333	9	causality	causality	NOUN
hassl-832	333	10	test	test	NOUN
hassl-832	333	11	results	result	NOUN
hassl-832	333	12	.	.	PUNCT
hassl-832	334	1	humanities	humanity	NOUN
hassl-832	334	2	and	and	CCONJ
hassl-832	334	3	social	social	ADJ
hassl-832	334	4	sciences	science	NOUN
hassl-832	334	5	letters	letter	NOUN
hassl-832	334	6	,	,	PUNCT
hassl-832	334	7	2019	2019	NUM
hassl-832	334	8	,	,	PUNCT
hassl-832	334	9	7(4	7(4	NUM
hassl-832	334	10	):	):	PUNCT
hassl-832	334	11	225	225	NUM
hassl-832	334	12	-	-	SYM
hassl-832	334	13	237	237	NUM
hassl-832	334	14	236	236	NUM
hassl-832	334	15	©	©	PROPN
hassl-832	334	16	2019	2019	NUM
hassl-832	334	17	conscientia	conscientia	PROPN
hassl-832	334	18	beam	beam	PROPN
hassl-832	334	19	.	.	PUNCT
hassl-832	335	1	all	all	DET
hassl-832	335	2	rights	right	NOUN
hassl-832	335	3	reserved	reserve	VERB
hassl-832	335	4	.	.	PUNCT
hassl-832	336	1	table-9	table-9	NOUN
hassl-832	336	2	.	.	PUNCT
hassl-832	337	1	cross	cross	ADJ
hassl-832	337	2	-	-	ADJ
hassl-832	337	3	correlation	correlation	ADJ
hassl-832	337	4	results	result	NOUN
hassl-832	337	5	.	.	PUNCT
hassl-832	338	1	hypotheses	hypothesis	NOUN
hassl-832	338	2	variables	variable	NOUN
hassl-832	338	3	u.s	u.s	PROPN
hassl-832	338	4	.	.	PROPN
hassl-832	338	5	qe	qe	PROPN
hassl-832	338	6	post	post	PROPN
hassl-832	338	7	-	-	PROPN
hassl-832	338	8	u.s	u.s	PROPN
hassl-832	338	9	.	.	PROPN
hassl-832	338	10	qe	qe	PROPN
hassl-832	338	11	post	post	PROPN
hassl-832	338	12	-	-	PROPN
hassl-832	338	13	u.s	u.s	PROPN
hassl-832	338	14	.	.	PROPN
hassl-832	338	15	qe	qe	PROPN
hassl-832	338	16	(	(	PUNCT
hassl-832	338	17	1	1	NUM
hassl-832	338	18	to	to	PART
hassl-832	338	19	6	6	NUM
hassl-832	338	20	months	month	NOUN
hassl-832	338	21	)	)	PUNCT
hassl-832	338	22	(	(	PUNCT
hassl-832	338	23	7	7	NUM
hassl-832	338	24	to	to	PART
hassl-832	338	25	12	12	NUM
hassl-832	338	26	months	month	NOUN
hassl-832	338	27	)	)	PUNCT
hassl-832	338	28	lead	lead	VERB
hassl-832	338	29	lag	lag	NOUN
hassl-832	338	30	day	day	NOUN
hassl-832	338	31	strongest	strong	ADJ
hassl-832	338	32	day	day	NOUN
hassl-832	338	33	strongest	strong	ADJ
hassl-832	338	34	day	day	NOUN
hassl-832	338	35	strongest	strong	ADJ
hassl-832	338	36	lead	lead	NOUN
hassl-832	338	37	at	at	ADP
hassl-832	338	38	lead	lead	NOUN
hassl-832	338	39	at	at	ADP
hassl-832	338	40	lead	lead	NOUN
hassl-832	338	41	at	at	ADP
hassl-832	338	42	h1	h1	PROPN
hassl-832	338	43	(	(	PUNCT
hassl-832	338	44	sell	sell	VERB
hassl-832	338	45	cue	cue	NOUN
hassl-832	338	46	)	)	PUNCT
hassl-832	338	47	lis	li	NOUN
hassl-832	338	48	fs	fs	ADP
hassl-832	338	49	1	1	NUM
hassl-832	338	50	1	1	NUM
hassl-832	338	51	h2	h2	NOUN
hassl-832	338	52	(	(	PUNCT
hassl-832	338	53	buy	buy	VERB
hassl-832	338	54	cue	cue	NOUN
hassl-832	338	55	)	)	PUNCT
hassl-832	338	56	lip	lip	NOUN
hassl-832	339	1	fp	fp	INTJ
hassl-832	339	2	1	1	NUM
hassl-832	339	3	1	1	NUM
hassl-832	339	4	1	1	NUM
hassl-832	339	5	-	-	SYM
hassl-832	339	6	2	2	NUM
hassl-832	339	7	1	1	NUM
hassl-832	339	8	h4	h4	NOUN
hassl-832	339	9	(	(	PUNCT
hassl-832	339	10	buy	buy	VERB
hassl-832	339	11	cue	cue	NOUN
hassl-832	339	12	)	)	PUNCT
hassl-832	339	13	lip	lip	NOUN
hassl-832	339	14	lrp	lrp	PROPN
hassl-832	339	15	1	1	NUM
hassl-832	339	16	-	-	SYM
hassl-832	339	17	3	3	NUM
hassl-832	339	18	1	1	NUM
hassl-832	339	19	h5	h5	NOUN
hassl-832	339	20	(	(	PUNCT
hassl-832	339	21	sell	sell	VERB
hassl-832	339	22	cue	cue	NOUN
hassl-832	339	23	)	)	PUNCT
hassl-832	339	24	fs	fs	ADP
hassl-832	339	25	lis	li	NOUN
hassl-832	339	26	1	1	NUM
hassl-832	339	27	1	1	NUM
hassl-832	339	28	h7	h7	PROPN
hassl-832	339	29	lrs	lrs	PROPN
hassl-832	339	30	lis	lis	PROPN
hassl-832	339	31	1	1	NUM
hassl-832	339	32	-	-	SYM
hassl-832	339	33	6	6	NUM
hassl-832	339	34	1	1	NUM
hassl-832	339	35	1	1	NUM
hassl-832	339	36	-	-	SYM
hassl-832	339	37	3	3	NUM
hassl-832	339	38	1	1	NUM
hassl-832	339	39	h8	h8	PROPN
hassl-832	339	40	lrp	lrp	PROPN
hassl-832	339	41	lip	lip	NOUN
hassl-832	339	42	1	1	NUM
hassl-832	339	43	-	-	SYM
hassl-832	339	44	5	5	NUM
hassl-832	339	45	1	1	NUM
hassl-832	339	46	h9	h9	NOUN
hassl-832	339	47	lrs	lrs	PROPN
hassl-832	339	48	fs	fs	ADP
hassl-832	339	49	1	1	NUM
hassl-832	339	50	-	-	SYM
hassl-832	339	51	2	2	NUM
hassl-832	339	52	1	1	NUM
hassl-832	339	53	h10	h10	PROPN
hassl-832	339	54	lrp	lrp	PROPN
hassl-832	339	55	fp	fp	PROPN
hassl-832	339	56	1	1	NUM
hassl-832	339	57	-	-	SYM
hassl-832	339	58	2	2	NUM
hassl-832	339	59	1	1	NUM
hassl-832	339	60	notes	note	NOUN
hassl-832	339	61	:	:	PUNCT
hassl-832	339	62	the	the	DET
hassl-832	339	63	approximate	approximate	ADJ
hassl-832	339	64	critical	critical	ADJ
hassl-832	339	65	values	value	NOUN
hassl-832	339	66	at	at	ADP
hassl-832	339	67	5	5	NUM
hassl-832	339	68	%	%	NOUN
hassl-832	339	69	significant	significant	ADJ
hassl-832	339	70	level	level	NOUN
hassl-832	339	71	are	be	AUX
hassl-832	339	72	±2/√n	±2/√n	NOUN
hassl-832	339	73	.	.	PUNCT
hassl-832	340	1	6	6	NUM
hassl-832	340	2	.	.	X
hassl-832	340	3	conclusion	conclusion	NOUN
hassl-832	340	4	this	this	DET
hassl-832	340	5	study	study	NOUN
hassl-832	340	6	investigates	investigate	VERB
hassl-832	340	7	the	the	DET
hassl-832	340	8	trading	trading	NOUN
hassl-832	340	9	behavior	behavior	NOUN
hassl-832	340	10	of	of	ADP
hassl-832	340	11	institutional	institutional	ADJ
hassl-832	340	12	,	,	PUNCT
hassl-832	340	13	foreign	foreign	ADJ
hassl-832	340	14	and	and	CCONJ
hassl-832	340	15	retail	retail	ADJ
hassl-832	340	16	investors	investor	NOUN
hassl-832	340	17	during	during	ADP
hassl-832	340	18	pre	pre	NOUN
hassl-832	340	19	and	and	CCONJ
hassl-832	340	20	postu.s	postu.s	PROPN
hassl-832	340	21	.	.	PUNCT
hassl-832	341	1	qe	qe	PROPN
hassl-832	341	2	period	period	NOUN
hassl-832	341	3	in	in	ADP
hassl-832	341	4	malaysian	malaysian	ADJ
hassl-832	341	5	stock	stock	NOUN
hassl-832	341	6	market	market	NOUN
hassl-832	341	7	.	.	PUNCT
hassl-832	342	1	one	one	NUM
hassl-832	342	2	major	major	ADJ
hassl-832	342	3	contribution	contribution	NOUN
hassl-832	342	4	of	of	ADP
hassl-832	342	5	the	the	DET
hassl-832	342	6	paper	paper	NOUN
hassl-832	342	7	is	be	AUX
hassl-832	342	8	to	to	PART
hassl-832	342	9	provide	provide	VERB
hassl-832	342	10	the	the	DET
hassl-832	342	11	theoretical	theoretical	ADJ
hassl-832	342	12	framework	framework	NOUN
hassl-832	342	13	on	on	ADP
hassl-832	342	14	all	all	DET
hassl-832	342	15	the	the	DET
hassl-832	342	16	possible	possible	ADJ
hassl-832	342	17	transaction	transaction	NOUN
hassl-832	342	18	and	and	CCONJ
hassl-832	342	19	classify	classify	VERB
hassl-832	342	20	them	they	PRON
hassl-832	342	21	into	into	ADP
hassl-832	342	22	either	either	DET
hassl-832	342	23	trading	trading	NOUN
hassl-832	342	24	,	,	PUNCT
hassl-832	342	25	short	short	NOUN
hassl-832	342	26	-	-	PUNCT
hassl-832	342	27	selling	sell	VERB
hassl-832	342	28	and	and	CCONJ
hassl-832	342	29	information	information	NOUN
hassl-832	342	30	flow	flow	NOUN
hassl-832	342	31	.	.	PUNCT
hassl-832	343	1	in	in	ADP
hassl-832	343	2	addition	addition	NOUN
hassl-832	343	3	,	,	PUNCT
hassl-832	343	4	this	this	DET
hassl-832	343	5	paper	paper	NOUN
hassl-832	343	6	provides	provide	VERB
hassl-832	343	7	a	a	DET
hassl-832	343	8	definition	definition	NOUN
hassl-832	343	9	of	of	ADP
hassl-832	343	10	how	how	SCONJ
hassl-832	343	11	to	to	PART
hassl-832	343	12	measure	measure	VERB
hassl-832	343	13	short	short	ADJ
hassl-832	343	14	-	-	PUNCT
hassl-832	343	15	selling	selling	NOUN
hassl-832	343	16	in	in	ADP
hassl-832	343	17	the	the	DET
hassl-832	343	18	context	context	NOUN
hassl-832	343	19	of	of	ADP
hassl-832	343	20	information	information	NOUN
hassl-832	343	21	flow	flow	NOUN
hassl-832	343	22	.	.	PUNCT
hassl-832	344	1	contrary	contrary	ADJ
hassl-832	344	2	to	to	ADP
hassl-832	344	3	popular	popular	ADJ
hassl-832	344	4	belief	belief	NOUN
hassl-832	344	5	that	that	SCONJ
hassl-832	344	6	only	only	ADV
hassl-832	344	7	high	high	ADJ
hassl-832	344	8	-	-	PUNCT
hassl-832	344	9	frequency	frequency	NOUN
hassl-832	344	10	data	datum	NOUN
hassl-832	344	11	of	of	ADP
hassl-832	344	12	10	10	NUM
hassl-832	344	13	minutes	minute	NOUN
hassl-832	344	14	in	in	ADP
hassl-832	344	15	nature	nature	NOUN
hassl-832	344	16	can	can	AUX
hassl-832	344	17	be	be	AUX
hassl-832	344	18	used	use	VERB
hassl-832	344	19	,	,	PUNCT
hassl-832	344	20	this	this	DET
hassl-832	344	21	study	study	NOUN
hassl-832	344	22	uses	use	VERB
hassl-832	344	23	daily	daily	ADJ
hassl-832	344	24	data	datum	NOUN
hassl-832	344	25	to	to	PART
hassl-832	344	26	model	model	VERB
hassl-832	344	27	the	the	DET
hassl-832	344	28	market	market	NOUN
hassl-832	344	29	microstructure	microstructure	NOUN
hassl-832	344	30	of	of	ADP
hassl-832	344	31	demand	demand	NOUN
hassl-832	344	32	and	and	CCONJ
hassl-832	344	33	supply	supply	NOUN
hassl-832	344	34	of	of	ADP
hassl-832	344	35	the	the	DET
hassl-832	344	36	various	various	ADJ
hassl-832	344	37	group	group	NOUN
hassl-832	344	38	of	of	ADP
hassl-832	344	39	trading	trading	NOUN
hassl-832	344	40	participants	participant	NOUN
hassl-832	344	41	in	in	ADP
hassl-832	344	42	malaysian	malaysian	ADJ
hassl-832	344	43	stock	stock	NOUN
hassl-832	344	44	market	market	NOUN
hassl-832	344	45	.	.	PUNCT
hassl-832	345	1	this	this	DET
hassl-832	345	2	study	study	NOUN
hassl-832	345	3	also	also	ADV
hassl-832	345	4	provides	provide	VERB
hassl-832	345	5	interesting	interesting	ADJ
hassl-832	345	6	observations	observation	NOUN
hassl-832	345	7	.	.	PUNCT
hassl-832	346	1	firstly	firstly	ADV
hassl-832	346	2	,	,	PUNCT
hassl-832	346	3	during	during	ADP
hassl-832	346	4	qe	qe	PROPN
hassl-832	346	5	tapering	tapering	NOUN
hassl-832	346	6	,	,	PUNCT
hassl-832	346	7	there	there	PRON
hassl-832	346	8	is	be	VERB
hassl-832	346	9	short	short	ADV
hassl-832	346	10	-	-	PUNCT
hassl-832	346	11	selling	selling	NOUN
hassl-832	346	12	by	by	ADP
hassl-832	346	13	foreign	foreign	ADJ
hassl-832	346	14	investor	investor	NOUN
hassl-832	346	15	.	.	PUNCT
hassl-832	347	1	there	there	PRON
hassl-832	347	2	is	be	VERB
hassl-832	347	3	also	also	ADV
hassl-832	347	4	information	information	NOUN
hassl-832	347	5	flow	flow	NOUN
hassl-832	347	6	from	from	ADP
hassl-832	347	7	foreign	foreign	ADJ
hassl-832	347	8	sales	sale	NOUN
hassl-832	347	9	to	to	ADP
hassl-832	347	10	institutional	institutional	ADJ
hassl-832	347	11	sales	sale	NOUN
hassl-832	347	12	as	as	ADV
hassl-832	347	13	well	well	ADV
hassl-832	347	14	as	as	ADP
hassl-832	347	15	institutional	institutional	ADJ
hassl-832	347	16	purchase	purchase	NOUN
hassl-832	347	17	to	to	ADP
hassl-832	347	18	foreign	foreign	ADJ
hassl-832	347	19	purchase	purchase	NOUN
hassl-832	347	20	.	.	PUNCT
hassl-832	348	1	net	net	ADJ
hassl-832	348	2	buyers	buyer	NOUN
hassl-832	348	3	are	be	AUX
hassl-832	348	4	local	local	ADJ
hassl-832	348	5	institution	institution	NOUN
hassl-832	348	6	followed	follow	VERB
hassl-832	348	7	by	by	ADP
hassl-832	348	8	foreign	foreign	ADJ
hassl-832	348	9	fund	fund	NOUN
hassl-832	348	10	.	.	PUNCT
hassl-832	349	1	secondly	secondly	ADV
hassl-832	349	2	,	,	PUNCT
hassl-832	349	3	in	in	ADP
hassl-832	349	4	post	post	ADJ
hassl-832	349	5	-	-	ADJ
hassl-832	349	6	qe	qe	ADJ
hassl-832	349	7	exit	exit	NOUN
hassl-832	349	8	,	,	PUNCT
hassl-832	349	9	foreign	foreign	ADJ
hassl-832	349	10	sales	sale	NOUN
hassl-832	349	11	is	be	AUX
hassl-832	349	12	the	the	DET
hassl-832	349	13	most	most	ADV
hassl-832	349	14	endogenous	endogenous	ADJ
hassl-832	349	15	variable	variable	NOUN
hassl-832	349	16	.	.	PUNCT
hassl-832	350	1	net	net	ADJ
hassl-832	350	2	sellers	seller	NOUN
hassl-832	350	3	are	be	AUX
hassl-832	350	4	foreign	foreign	ADJ
hassl-832	350	5	,	,	PUNCT
hassl-832	350	6	followed	follow	VERB
hassl-832	350	7	by	by	ADP
hassl-832	350	8	local	local	ADJ
hassl-832	350	9	retail	retail	ADJ
hassl-832	350	10	investor	investor	NOUN
hassl-832	350	11	;	;	PUNCT
hassl-832	350	12	thirdly	thirdly	ADV
hassl-832	350	13	,	,	PUNCT
hassl-832	350	14	from	from	ADP
hassl-832	350	15	7	7	NUM
hassl-832	350	16	to	to	PART
hassl-832	350	17	12	12	NUM
hassl-832	350	18	months	month	NOUN
hassl-832	350	19	in	in	ADP
hassl-832	350	20	post	post	ADJ
hassl-832	350	21	-	-	ADJ
hassl-832	350	22	qe	qe	ADJ
hassl-832	350	23	exit	exit	NOUN
hassl-832	350	24	,	,	PUNCT
hassl-832	350	25	there	there	PRON
hassl-832	350	26	are	be	VERB
hassl-832	350	27	short	short	ADJ
hassl-832	350	28	-	-	PUNCT
hassl-832	350	29	selling	sell	VERB
hassl-832	350	30	activities	activity	NOUN
hassl-832	350	31	for	for	ADP
hassl-832	350	32	foreign	foreign	ADJ
hassl-832	350	33	and	and	CCONJ
hassl-832	350	34	institutional	institutional	ADJ
hassl-832	350	35	investors	investor	NOUN
hassl-832	350	36	corresponding	correspond	VERB
hassl-832	350	37	to	to	ADP
hassl-832	350	38	klci	klci	NOUN
hassl-832	350	39	downtrend	downtrend	NOUN
hassl-832	350	40	.	.	PUNCT
hassl-832	351	1	net	net	ADJ
hassl-832	351	2	sellers	seller	NOUN
hassl-832	351	3	are	be	AUX
hassl-832	351	4	foreign	foreign	ADJ
hassl-832	351	5	,	,	PUNCT
hassl-832	351	6	followed	follow	VERB
hassl-832	351	7	by	by	ADP
hassl-832	351	8	local	local	ADJ
hassl-832	351	9	retail	retail	NOUN
hassl-832	351	10	.	.	PUNCT
hassl-832	352	1	overall	overall	ADJ
hassl-832	352	2	,	,	PUNCT
hassl-832	352	3	institutional	institutional	ADJ
hassl-832	352	4	investor	investor	NOUN
hassl-832	352	5	has	have	AUX
hassl-832	352	6	provided	provide	VERB
hassl-832	352	7	market	market	NOUN
hassl-832	352	8	support	support	NOUN
hassl-832	352	9	as	as	ADP
hassl-832	352	10	the	the	DET
hassl-832	352	11	net	net	ADJ
hassl-832	352	12	buyer	buyer	NOUN
hassl-832	352	13	in	in	ADP
hassl-832	352	14	all	all	DET
hassl-832	352	15	sub	sub	NOUN
hassl-832	352	16	-	-	NOUN
hassl-832	352	17	periods	period	NOUN
hassl-832	352	18	.	.	PUNCT
hassl-832	353	1	due	due	ADP
hassl-832	353	2	to	to	ADP
hassl-832	353	3	local	local	ADJ
hassl-832	353	4	advantage	advantage	NOUN
hassl-832	353	5	,	,	PUNCT
hassl-832	353	6	local	local	ADJ
hassl-832	353	7	institution	institution	NOUN
hassl-832	353	8	provides	provide	VERB
hassl-832	353	9	buying	buy	VERB
hassl-832	353	10	cue	cue	NOUN
hassl-832	353	11	while	while	SCONJ
hassl-832	353	12	foreign	foreign	ADJ
hassl-832	353	13	fund	fund	NOUN
hassl-832	353	14	triggers	trigger	VERB
hassl-832	353	15	selling	sell	VERB
hassl-832	353	16	cue	cue	NOUN
hassl-832	353	17	during	during	ADP
hassl-832	353	18	the	the	DET
hassl-832	353	19	qe	qe	PROPN
hassl-832	353	20	tapering	tapering	NOUN
hassl-832	353	21	.	.	PUNCT
hassl-832	354	1	as	as	ADP
hassl-832	354	2	policy	policy	NOUN
hassl-832	354	3	suggestion	suggestion	NOUN
hassl-832	354	4	,	,	PUNCT
hassl-832	354	5	local	local	ADJ
hassl-832	354	6	retail	retail	ADJ
hassl-832	354	7	investors	investor	NOUN
hassl-832	354	8	should	should	AUX
hassl-832	354	9	be	be	AUX
hassl-832	354	10	provided	provide	VERB
hassl-832	354	11	with	with	ADP
hassl-832	354	12	more	more	ADJ
hassl-832	354	13	incentive	incentive	NOUN
hassl-832	354	14	to	to	PART
hassl-832	354	15	trade	trade	VERB
hassl-832	354	16	in	in	ADP
hassl-832	354	17	local	local	ADJ
hassl-832	354	18	bourse	bourse	NOUN
hassl-832	354	19	as	as	SCONJ
hassl-832	354	20	they	they	PRON
hassl-832	354	21	also	also	ADV
hassl-832	354	22	have	have	VERB
hassl-832	354	23	the	the	DET
hassl-832	354	24	role	role	NOUN
hassl-832	354	25	in	in	ADP
hassl-832	354	26	disseminating	disseminate	VERB
hassl-832	354	27	information	information	NOUN
hassl-832	354	28	as	as	SCONJ
hassl-832	354	29	shown	show	VERB
hassl-832	354	30	in	in	ADP
hassl-832	354	31	the	the	DET
hassl-832	354	32	post	post	NOUN
hassl-832	354	33	-	-	NOUN
hassl-832	354	34	qe	qe	NOUN
hassl-832	354	35	in	in	ADP
hassl-832	354	36	2nd	2nd	ADJ
hassl-832	354	37	sub	sub	NOUN
hassl-832	354	38	-	-	NOUN
hassl-832	354	39	period	period	NOUN
hassl-832	354	40	.	.	PUNCT
hassl-832	355	1	funding	funding	NOUN
hassl-832	355	2	:	:	PUNCT
hassl-832	355	3	this	this	DET
hassl-832	355	4	study	study	NOUN
hassl-832	355	5	received	receive	VERB
hassl-832	355	6	no	no	DET
hassl-832	355	7	specific	specific	ADJ
hassl-832	355	8	financial	financial	ADJ
hassl-832	355	9	support	support	NOUN
hassl-832	355	10	.	.	PUNCT
hassl-832	356	1	competing	compete	VERB
hassl-832	356	2	interests	interest	NOUN
hassl-832	356	3	:	:	PUNCT
hassl-832	356	4	the	the	DET
hassl-832	356	5	authors	author	NOUN
hassl-832	356	6	declare	declare	VERB
hassl-832	356	7	that	that	SCONJ
hassl-832	356	8	they	they	PRON
hassl-832	356	9	have	have	VERB
hassl-832	356	10	no	no	DET
hassl-832	356	11	competing	compete	VERB
hassl-832	356	12	interests	interest	NOUN
hassl-832	356	13	.	.	PUNCT
hassl-832	357	1	acknowledgement	acknowledgement	NOUN
hassl-832	357	2	:	:	PUNCT
hassl-832	357	3	both	both	DET
hassl-832	357	4	authors	author	NOUN
hassl-832	357	5	contributed	contribute	VERB
hassl-832	357	6	equally	equally	ADV
hassl-832	357	7	to	to	ADP
hassl-832	357	8	the	the	DET
hassl-832	357	9	conception	conception	NOUN
hassl-832	357	10	and	and	CCONJ
hassl-832	357	11	design	design	NOUN
hassl-832	357	12	of	of	ADP
hassl-832	357	13	the	the	DET
hassl-832	357	14	study	study	NOUN
hassl-832	357	15	.	.	PUNCT
hassl-832	358	1	references	reference	NOUN
hassl-832	358	2	agudelo	agudelo	ADV
hassl-832	358	3	,	,	PUNCT
hassl-832	358	4	d.a	d.a	PROPN
hassl-832	358	5	.	.	PROPN
hassl-832	358	6	,	,	PUNCT
hassl-832	358	7	2010	2010	NUM
hassl-832	358	8	.	.	PUNCT
hassl-832	359	1	friend	friend	NOUN
hassl-832	359	2	or	or	CCONJ
hassl-832	359	3	foe	foe	NOUN
hassl-832	359	4	?	?	PUNCT
hassl-832	360	1	foreign	foreign	ADJ
hassl-832	360	2	investors	investor	NOUN
hassl-832	360	3	and	and	CCONJ
hassl-832	360	4	the	the	DET
hassl-832	360	5	liquidity	liquidity	NOUN
hassl-832	360	6	of	of	ADP
hassl-832	360	7	six	six	NUM
hassl-832	360	8	asian	asian	ADJ
hassl-832	360	9	markets	market	NOUN
hassl-832	360	10	.	.	PUNCT
hassl-832	361	1	asia	asia	PROPN
hassl-832	361	2	-	-	PUNCT
hassl-832	361	3	pacific	pacific	PROPN
hassl-832	361	4	journal	journal	PROPN
hassl-832	361	5	of	of	ADP
hassl-832	361	6	financial	financial	ADJ
hassl-832	361	7	studies	study	NOUN
hassl-832	361	8	,	,	PUNCT
hassl-832	361	9	39(3	39(3	NUM
hassl-832	361	10	):	):	PUNCT
hassl-832	361	11	261-300.available	261-300.available	NUM
hassl-832	361	12	at	at	ADP
hassl-832	361	13	:	:	PUNCT
hassl-832	361	14	https://doi.org/10.1111/j.2041-6156.2010.01012.x	https://doi.org/10.1111/j.2041-6156.2010.01012.x	PROPN
hassl-832	361	15	.	.	PUNCT
hassl-832	362	1	bosworth	bosworth	PROPN
hassl-832	362	2	,	,	PUNCT
hassl-832	362	3	b.p	b.p	PROPN
hassl-832	362	4	.	.	PROPN
hassl-832	362	5	and	and	CCONJ
hassl-832	362	6	s.m	s.m	PROPN
hassl-832	362	7	.	.	PROPN
hassl-832	362	8	collins	collins	PROPN
hassl-832	362	9	,	,	PUNCT
hassl-832	362	10	1999	1999	NUM
hassl-832	362	11	.	.	PUNCT
hassl-832	363	1	capital	capital	NOUN
hassl-832	363	2	flows	flow	VERB
hassl-832	363	3	to	to	ADP
hassl-832	363	4	developing	develop	VERB
hassl-832	363	5	economies	economy	NOUN
hassl-832	363	6	:	:	PUNCT
hassl-832	363	7	implications	implication	NOUN
hassl-832	363	8	for	for	ADP
hassl-832	363	9	saving	saving	NOUN
hassl-832	363	10	and	and	CCONJ
hassl-832	363	11	investment	investment	NOUN
hassl-832	363	12	.	.	PUNCT
hassl-832	364	1	brookings	brookings	PROPN
hassl-832	364	2	papers	paper	NOUN
hassl-832	364	3	on	on	ADP
hassl-832	364	4	economic	economic	ADJ
hassl-832	364	5	activity	activity	NOUN
hassl-832	364	6	,	,	PUNCT
hassl-832	364	7	economic	economic	ADJ
hassl-832	364	8	studies	study	NOUN
hassl-832	364	9	program	program	NOUN
hassl-832	364	10	,	,	PUNCT
hassl-832	364	11	the	the	DET
hassl-832	364	12	brookings	brookings	PROPN
hassl-832	364	13	institution	institution	NOUN
hassl-832	364	14	,	,	PUNCT
hassl-832	364	15	30(1	30(1	NUM
hassl-832	364	16	):	):	PUNCT
hassl-832	364	17	143	143	NUM
hassl-832	364	18	-	-	SYM
hassl-832	364	19	180	180	NUM
hassl-832	364	20	.	.	PUNCT
hassl-832	365	1	choe	choe	PROPN
hassl-832	365	2	,	,	PUNCT
hassl-832	365	3	h.	h.	PROPN
hassl-832	365	4	,	,	PUNCT
hassl-832	365	5	b.-c	b.-c	PROPN
hassl-832	365	6	.	.	PUNCT
hassl-832	366	1	kho	kho	PROPN
hassl-832	366	2	and	and	CCONJ
hassl-832	366	3	r.m	r.m	PROPN
hassl-832	366	4	.	.	PROPN
hassl-832	366	5	stulz	stulz	PROPN
hassl-832	366	6	,	,	PUNCT
hassl-832	366	7	2001	2001	NUM
hassl-832	366	8	.	.	PUNCT
hassl-832	367	1	do	do	AUX
hassl-832	367	2	domestic	domestic	ADJ
hassl-832	367	3	investors	investor	NOUN
hassl-832	367	4	have	have	VERB
hassl-832	367	5	an	an	DET
hassl-832	367	6	edge	edge	NOUN
hassl-832	367	7	?	?	PUNCT
hassl-832	368	1	the	the	DET
hassl-832	368	2	trading	trading	NOUN
hassl-832	368	3	experience	experience	NOUN
hassl-832	368	4	of	of	ADP
hassl-832	368	5	foreign	foreign	ADJ
hassl-832	368	6	investors	investor	NOUN
hassl-832	368	7	in	in	ADP
hassl-832	368	8	korea	korea	PROPN
hassl-832	368	9	.	.	PUNCT
hassl-832	369	1	the	the	DET
hassl-832	369	2	review	review	NOUN
hassl-832	369	3	of	of	ADP
hassl-832	369	4	financial	financial	ADJ
hassl-832	369	5	studies	study	NOUN
hassl-832	369	6	,	,	PUNCT
hassl-832	369	7	18(3	18(3	NUM
hassl-832	369	8	):	):	PUNCT
hassl-832	369	9	795-829.available	795-829.available	NUM
hassl-832	369	10	at	at	ADP
hassl-832	369	11	:	:	PUNCT
hassl-832	369	12	https://doi.org/10.1093/rfs/hhi028	https://doi.org/10.1093/rfs/hhi028	PROPN
hassl-832	369	13	.	.	PUNCT
hassl-832	370	1	granger	granger	PROPN
hassl-832	370	2	,	,	PUNCT
hassl-832	370	3	c.w.j	c.w.j	NOUN
hassl-832	370	4	.	.	PUNCT
hassl-832	370	5	,	,	PUNCT
hassl-832	370	6	1969	1969	NUM
hassl-832	370	7	.	.	PUNCT
hassl-832	371	1	investigating	investigate	VERB
hassl-832	371	2	causal	causal	ADJ
hassl-832	371	3	relations	relation	NOUN
hassl-832	371	4	by	by	ADP
hassl-832	371	5	econometric	econometric	ADJ
hassl-832	371	6	models	model	NOUN
hassl-832	371	7	and	and	CCONJ
hassl-832	371	8	cross	cross	ADJ
hassl-832	371	9	-	-	ADJ
hassl-832	371	10	spectral	spectral	ADJ
hassl-832	371	11	methods	method	NOUN
hassl-832	371	12	.	.	PUNCT
hassl-832	372	1	econometrica	econometrica	PROPN
hassl-832	372	2	,	,	PUNCT
hassl-832	372	3	37(3	37(3	NUM
hassl-832	372	4	):	):	PUNCT
hassl-832	372	5	424-438.available	424-438.available	NUM
hassl-832	372	6	at	at	ADP
hassl-832	372	7	:	:	PUNCT
hassl-832	372	8	https://doi.org/10.2307/1912791	https://doi.org/10.2307/1912791	NOUN
hassl-832	372	9	.	.	PUNCT
hassl-832	373	1	harris	harris	PROPN
hassl-832	373	2	,	,	PUNCT
hassl-832	373	3	l.	l.	PROPN
hassl-832	373	4	,	,	PUNCT
hassl-832	373	5	2003	2003	NUM
hassl-832	373	6	.	.	PUNCT
hassl-832	374	1	trading	trading	NOUN
hassl-832	374	2	and	and	CCONJ
hassl-832	374	3	exchanges	exchange	NOUN
hassl-832	374	4	:	:	PUNCT
hassl-832	374	5	market	market	NOUN
hassl-832	374	6	microstructure	microstructure	NOUN
hassl-832	374	7	for	for	ADP
hassl-832	374	8	practitioners	practitioner	NOUN
hassl-832	374	9	.	.	PUNCT
hassl-832	375	1	new	new	PROPN
hassl-832	375	2	york	york	PROPN
hassl-832	375	3	:	:	PUNCT
hassl-832	375	4	oxford	oxford	PROPN
hassl-832	375	5	university	university	PROPN
hassl-832	375	6	press	press	NOUN
hassl-832	375	7	.	.	PUNCT
hassl-832	376	1	humanities	humanity	NOUN
hassl-832	376	2	and	and	CCONJ
hassl-832	376	3	social	social	ADJ
hassl-832	376	4	sciences	science	NOUN
hassl-832	376	5	letters	letter	NOUN
hassl-832	376	6	,	,	PUNCT
hassl-832	376	7	2019	2019	NUM
hassl-832	376	8	,	,	PUNCT
hassl-832	376	9	7(4	7(4	NUM
hassl-832	376	10	):	):	PUNCT
hassl-832	376	11	225	225	NUM
hassl-832	376	12	-	-	SYM
hassl-832	376	13	237	237	NUM
hassl-832	376	14	237	237	NUM
hassl-832	376	15	©	©	PROPN
hassl-832	376	16	2019	2019	NUM
hassl-832	376	17	conscientia	conscientia	PROPN
hassl-832	376	18	beam	beam	PROPN
hassl-832	376	19	.	.	PUNCT
hassl-832	377	1	all	all	DET
hassl-832	377	2	rights	right	NOUN
hassl-832	377	3	reserved	reserve	VERB
hassl-832	377	4	.	.	PUNCT
hassl-832	378	1	huang	huang	PROPN
hassl-832	378	2	,	,	PUNCT
hassl-832	378	3	r.	r.	PROPN
hassl-832	378	4	and	and	CCONJ
hassl-832	378	5	c.-y	c.-y	NOUN
hassl-832	378	6	.	.	PUNCT
hassl-832	379	1	shiu	shiu	PROPN
hassl-832	379	2	,	,	PUNCT
hassl-832	379	3	2005	2005	NUM
hassl-832	379	4	.	.	PUNCT
hassl-832	380	1	overseas	overseas	ADJ
hassl-832	380	2	monitors	monitor	NOUN
hassl-832	380	3	in	in	ADP
hassl-832	380	4	emerging	emerge	VERB
hassl-832	380	5	financial	financial	ADJ
hassl-832	380	6	markets	market	NOUN
hassl-832	380	7	:	:	PUNCT
hassl-832	380	8	evidence	evidence	NOUN
hassl-832	380	9	from	from	ADP
hassl-832	380	10	foreign	foreign	ADJ
hassl-832	380	11	ownership	ownership	NOUN
hassl-832	380	12	in	in	ADP
hassl-832	380	13	taiwan	taiwan	PROPN
hassl-832	380	14	.	.	PUNCT
hassl-832	381	1	working	work	VERB
hassl-832	381	2	paper	paper	NOUN
hassl-832	381	3	.	.	PUNCT
hassl-832	382	1	national	national	ADJ
hassl-832	382	2	central	central	PROPN
hassl-832	382	3	university	university	PROPN
hassl-832	382	4	at	at	ADP
hassl-832	382	5	taiwan	taiwan	PROPN
hassl-832	382	6	,	,	PUNCT
hassl-832	382	7	taipei	taipei	PROPN
hassl-832	382	8	,	,	PUNCT
hassl-832	382	9	taiwan	taiwan	PROPN
hassl-832	382	10	.	.	PUNCT
hassl-832	383	1	available	available	ADJ
hassl-832	383	2	from	from	ADP
hassl-832	383	3	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=875365	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=875365	PROPN
hassl-832	383	4	[	[	X
hassl-832	383	5	accessed	access	VERB
hassl-832	383	6	30	30	NUM
hassl-832	383	7	sept	sept	NOUN
hassl-832	383	8	,	,	PUNCT
hassl-832	383	9	2019	2019	NUM
hassl-832	383	10	]	]	PUNCT
hassl-832	383	11	.	.	PUNCT
hassl-832	384	1	kim	kim	PROPN
hassl-832	384	2	,	,	PUNCT
hassl-832	384	3	j.-b	j.-b	PROPN
hassl-832	384	4	.	.	PUNCT
hassl-832	384	5	and	and	CCONJ
hassl-832	384	6	c.h	c.h	PROPN
hassl-832	384	7	.	.	PROPN
hassl-832	384	8	yi	yi	PROPN
hassl-832	384	9	,	,	PUNCT
hassl-832	384	10	2015	2015	NUM
hassl-832	384	11	.	.	PUNCT
hassl-832	385	1	foreign	foreign	ADJ
hassl-832	385	2	versus	versus	ADP
hassl-832	385	3	domestic	domestic	ADJ
hassl-832	385	4	institutional	institutional	ADJ
hassl-832	385	5	investors	investor	NOUN
hassl-832	385	6	in	in	ADP
hassl-832	385	7	emerging	emerge	VERB
hassl-832	385	8	markets	market	NOUN
hassl-832	385	9	:	:	PUNCT
hassl-832	385	10	who	who	PRON
hassl-832	385	11	contributes	contribute	VERB
hassl-832	385	12	more	more	ADJ
hassl-832	385	13	to	to	ADP
hassl-832	385	14	firm	firm	ADJ
hassl-832	385	15	-	-	PUNCT
hassl-832	385	16	specific	specific	ADJ
hassl-832	385	17	information	information	NOUN
hassl-832	385	18	flow	flow	NOUN
hassl-832	385	19	?	?	PUNCT
hassl-832	386	1	china	china	PROPN
hassl-832	386	2	journal	journal	PROPN
hassl-832	386	3	of	of	ADP
hassl-832	386	4	accounting	accounting	NOUN
hassl-832	386	5	research	research	NOUN
hassl-832	386	6	,	,	PUNCT
hassl-832	386	7	8(1	8(1	NOUN
hassl-832	386	8	):	):	PUNCT
hassl-832	386	9	1-23.available	1-23.available	NUM
hassl-832	386	10	at	at	ADP
hassl-832	386	11	:	:	PUNCT
hassl-832	386	12	https://doi.org/10.1016/j.cjar.2015.01.001	https://doi.org/10.1016/j.cjar.2015.01.001	PROPN
hassl-832	386	13	.	.	PUNCT
hassl-832	386	14	kwiatkowski	kwiatkowski	PROPN
hassl-832	386	15	,	,	PUNCT
hassl-832	386	16	d.	d.	PROPN
hassl-832	386	17	,	,	PUNCT
hassl-832	386	18	p.c.b	p.c.b	PROPN
hassl-832	386	19	.	.	PUNCT
hassl-832	387	1	philips	philips	PROPN
hassl-832	387	2	,	,	PUNCT
hassl-832	387	3	p.	p.	NOUN
hassl-832	387	4	schmidt	schmidt	PROPN
hassl-832	387	5	and	and	CCONJ
hassl-832	387	6	y.	y.	PROPN
hassl-832	387	7	shin	shin	PROPN
hassl-832	387	8	,	,	PUNCT
hassl-832	387	9	1992	1992	NUM
hassl-832	387	10	.	.	PUNCT
hassl-832	388	1	testing	test	VERB
hassl-832	388	2	the	the	DET
hassl-832	388	3	null	null	ADJ
hassl-832	388	4	hypothesis	hypothesis	NOUN
hassl-832	388	5	of	of	ADP
hassl-832	388	6	stationarity	stationarity	NOUN
hassl-832	388	7	against	against	ADP
hassl-832	388	8	the	the	DET
hassl-832	388	9	alternative	alternative	NOUN
hassl-832	388	10	of	of	ADP
hassl-832	388	11	a	a	DET
hassl-832	388	12	unit	unit	NOUN
hassl-832	388	13	root	root	NOUN
hassl-832	388	14	.	.	PUNCT
hassl-832	389	1	journal	journal	PROPN
hassl-832	389	2	of	of	ADP
hassl-832	389	3	econometrics	econometric	NOUN
hassl-832	389	4	,	,	PUNCT
hassl-832	389	5	54(1	54(1	NUM
hassl-832	389	6	-	-	SYM
hassl-832	389	7	3	3	NUM
hassl-832	389	8	):	):	PUNCT
hassl-832	389	9	159	159	NUM
hassl-832	389	10	-	-	SYM
hassl-832	389	11	178	178	NUM
hassl-832	389	12	.	.	PUNCT
hassl-832	390	1	lau	lau	PROPN
hassl-832	390	2	,	,	PUNCT
hassl-832	390	3	w.y	w.y	PROPN
hassl-832	390	4	.	.	PROPN
hassl-832	390	5	and	and	CCONJ
hassl-832	390	6	t.m	t.m	PROPN
hassl-832	390	7	.	.	PROPN
hassl-832	390	8	yip	yip	PROPN
hassl-832	390	9	,	,	PUNCT
hassl-832	390	10	2019	2019	NUM
hassl-832	390	11	.	.	PUNCT
hassl-832	391	1	modeling	model	VERB
hassl-832	391	2	trading	trading	NOUN
hassl-832	391	3	behavior	behavior	NOUN
hassl-832	391	4	in	in	ADP
hassl-832	391	5	the	the	DET
hassl-832	391	6	japanese	japanese	ADJ
hassl-832	391	7	stock	stock	NOUN
hassl-832	391	8	market	market	NOUN
hassl-832	391	9	during	during	ADP
hassl-832	391	10	qe	qe	PROPN
hassl-832	391	11	tapering	tapering	NOUN
hassl-832	391	12	and	and	CCONJ
hassl-832	391	13	post	post	ADJ
hassl-832	391	14	-	-	ADJ
hassl-832	391	15	qe	qe	ADJ
hassl-832	391	16	exit	exit	NOUN
hassl-832	391	17	.	.	PUNCT
hassl-832	392	1	asia	asia	PROPN
hassl-832	392	2	-	-	PUNCT
hassl-832	392	3	pacific	pacific	ADJ
hassl-832	392	4	financial	financial	ADJ
hassl-832	392	5	markets	market	NOUN
hassl-832	392	6	,	,	PUNCT
hassl-832	392	7	26(4	26(4	NUM
hassl-832	392	8	):	):	PUNCT
hassl-832	392	9	409-427.available	409-427.available	ADJ
hassl-832	392	10	at	at	ADP
hassl-832	392	11	:	:	PUNCT
hassl-832	392	12	https://doi.org/10.1007/s10690-019-09272-6	https://doi.org/10.1007/s10690-019-09272-6	NUM
hassl-832	392	13	.	.	PUNCT
hassl-832	393	1	liew	liew	PROPN
hassl-832	393	2	,	,	PUNCT
hassl-832	393	3	p.x	p.x	PROPN
hassl-832	393	4	.	.	PROPN
hassl-832	393	5	,	,	PUNCT
hassl-832	393	6	k.p	k.p	PROPN
hassl-832	393	7	.	.	PROPN
hassl-832	393	8	lim	lim	PROPN
hassl-832	393	9	and	and	CCONJ
hassl-832	393	10	k.l	k.l	PROPN
hassl-832	393	11	.	.	PROPN
hassl-832	393	12	goh	goh	PROPN
hassl-832	393	13	,	,	PUNCT
hassl-832	393	14	2018	2018	NUM
hassl-832	393	15	.	.	PUNCT
hassl-832	394	1	foreign	foreign	ADJ
hassl-832	394	2	equity	equity	NOUN
hassl-832	394	3	flows	flow	VERB
hassl-832	394	4	:	:	PUNCT
hassl-832	394	5	boon	boon	NOUN
hassl-832	394	6	or	or	CCONJ
hassl-832	394	7	bane	bane	NOUN
hassl-832	394	8	to	to	ADP
hassl-832	394	9	the	the	DET
hassl-832	394	10	liquidity	liquidity	NOUN
hassl-832	394	11	of	of	ADP
hassl-832	394	12	malaysian	malaysian	ADJ
hassl-832	394	13	stock	stock	NOUN
hassl-832	394	14	market	market	NOUN
hassl-832	394	15	?	?	PUNCT
hassl-832	395	1	north	north	ADJ
hassl-832	395	2	american	american	PROPN
hassl-832	395	3	journal	journal	PROPN
hassl-832	395	4	of	of	ADP
hassl-832	395	5	economics	economic	NOUN
hassl-832	395	6	and	and	CCONJ
hassl-832	395	7	finance	finance	NOUN
hassl-832	395	8	,	,	PUNCT
hassl-832	395	9	45	45	NUM
hassl-832	395	10	:	:	SYM
hassl-832	395	11	161-181.available	161-181.available	NUM
hassl-832	395	12	at	at	ADP
hassl-832	395	13	:	:	PUNCT
hassl-832	395	14	https://doi.org/10.1016/j.najef.2018.02.007	https://doi.org/10.1016/j.najef.2018.02.007	ADJ
hassl-832	395	15	.	.	PUNCT
hassl-832	396	1	seasholes	seashole	NOUN
hassl-832	396	2	,	,	PUNCT
hassl-832	396	3	m.	m.	NOUN
hassl-832	396	4	,	,	PUNCT
hassl-832	396	5	2000	2000	NUM
hassl-832	396	6	.	.	PUNCT
hassl-832	397	1	smart	smart	ADJ
hassl-832	397	2	foreign	foreign	ADJ
hassl-832	397	3	traders	trader	NOUN
hassl-832	397	4	in	in	ADP
hassl-832	397	5	emerging	emerge	VERB
hassl-832	397	6	markets	market	NOUN
hassl-832	397	7	.	.	PUNCT
hassl-832	398	1	unpublished	unpublished	ADJ
hassl-832	398	2	working	working	NOUN
hassl-832	398	3	paper	paper	NOUN
hassl-832	398	4	.	.	PUNCT
hassl-832	399	1	harvard	harvard	PROPN
hassl-832	399	2	business	business	PROPN
hassl-832	399	3	school	school	PROPN
hassl-832	399	4	,	,	PUNCT
hassl-832	399	5	cambridge	cambridge	PROPN
hassl-832	399	6	,	,	PUNCT
hassl-832	399	7	ma	ma	PROPN
hassl-832	399	8	.	.	PROPN
hassl-832	399	9	available	available	ADJ
hassl-832	399	10	from	from	ADP
hassl-832	399	11	w.ww.semanticscholar.org/paper/smart-foreign-traders-in-emerging-marketsseasholes/2a82e474f1d8b63462e82862862428ade11f10b2	w.ww.semanticscholar.org/paper/smart-foreign-traders-in-emerging-marketsseasholes/2a82e474f1d8b63462e82862862428ade11f10b2	NOUN
hassl-832	400	1	[	[	X
hassl-832	400	2	accessed	access	VERB
hassl-832	400	3	1	1	NUM
hassl-832	400	4	sept	sept	PROPN
hassl-832	400	5	2019	2019	NUM
hassl-832	400	6	]	]	PUNCT
hassl-832	400	7	.	.	PUNCT
hassl-832	401	1	views	view	NOUN
hassl-832	401	2	and	and	CCONJ
hassl-832	401	3	opinions	opinion	NOUN
hassl-832	401	4	expressed	express	VERB
hassl-832	401	5	in	in	ADP
hassl-832	401	6	this	this	DET
hassl-832	401	7	article	article	NOUN
hassl-832	401	8	are	be	AUX
hassl-832	401	9	the	the	DET
hassl-832	401	10	views	view	NOUN
hassl-832	401	11	and	and	CCONJ
hassl-832	401	12	opinions	opinion	NOUN
hassl-832	401	13	of	of	ADP
hassl-832	401	14	the	the	DET
hassl-832	401	15	author(s	author(s	NOUN
hassl-832	401	16	)	)	PUNCT
hassl-832	401	17	,	,	PUNCT
hassl-832	401	18	humanities	humanity	NOUN
hassl-832	401	19	and	and	CCONJ
hassl-832	401	20	social	social	ADJ
hassl-832	401	21	sciences	science	NOUN
hassl-832	401	22	letters	letter	NOUN
hassl-832	401	23	shall	shall	AUX
hassl-832	401	24	not	not	PART
hassl-832	401	25	be	be	AUX
hassl-832	401	26	responsible	responsible	ADJ
hassl-832	401	27	or	or	CCONJ
hassl-832	401	28	answerable	answerable	ADJ
hassl-832	401	29	for	for	ADP
hassl-832	401	30	any	any	DET
hassl-832	401	31	loss	loss	NOUN
hassl-832	401	32	,	,	PUNCT
hassl-832	401	33	damage	damage	NOUN
hassl-832	401	34	or	or	CCONJ
hassl-832	401	35	liability	liability	NOUN
hassl-832	401	36	etc	etc	X
hassl-832	401	37	.	.	X
hassl-832	402	1	caused	cause	VERB
hassl-832	402	2	in	in	ADP
hassl-832	402	3	relation	relation	NOUN
hassl-832	402	4	to	to	PART
hassl-832	402	5	/	/	PUNCT
hassl-832	402	6	arising	arise	VERB
hassl-832	402	7	out	out	ADP
hassl-832	402	8	of	of	ADP
hassl-832	402	9	the	the	DET
hassl-832	402	10	use	use	NOUN
hassl-832	402	11	of	of	ADP
hassl-832	402	12	the	the	DET
hassl-832	402	13	content	content	NOUN
hassl-832	402	14	.	.	PUNCT